October 2011 Industrial Production, Capacity Utilization and Capacity

Click image for larger version

Industrial production expanded 0.7 percent in October after having declined 0.1 percent in September. Previously, industrial production was reported to have gained 0.2 percent in September; most of this revision resulted from lower estimated output for mining. Factory output increased 0.5 percent in October after having risen 0.3 percent in September. At 94.7 percent of its 2007 average, total industrial production for October was 3.9 percent above its year-earlier level. Output decreased at both Wood Products and Paper plants: respectively, 2.2 and 0.3 percent.

Click image for larger version

Click image for larger version

Capacity utilization for total industry stepped up to 77.8 percent, a rate 2.1 percentage points above its level from a year earlier but 2.6 percentage points below its long-run (1972--2010) average. Manufacturing capacity utilization also rose by 0.4 percent from August. Wood Products and Paper capacity utilization both retreated: respectively, 2.0 and 0.2 percent.
 

Click image for larger version

Capacity at the all-industries and manufacturing levels crept higher (0.1 percent); Wood Products dropped by 0.2 percent while Paper declined by 0.1 percent.