February 2012 Industrial Production, Capacity Utilization and Capacity

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Industrial production was unchanged in February after having risen 0.4 percent in January. Previously, industrial production was reported to have been unchanged in January. Manufacturing output moved up 0.3 percent in February. At 96.2 percent of its 2007 average, total industrial production for February was 4.0 percent above its year-earlier level. Wood Products output rose by 0.1 percent, and Paper output rose by 0.7 percent.
 

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Capacity utilization for total industry edged down to 78.7 percent, a rate 2.2 percentage points (2.8 percent) above its level from a year earlier but 1.6 percentage points below its long-run (1972–2011) average. Wood Products and Paper both rose: respectively, 0.3 and 0.8 percent.
 

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Capacity at the all-industries and manufacturing levels crept higher (0.1 percent); By contrast, Wood Products and Paper both dropped: respectively, by 0.2 and 0.1 percent.