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Industrial production and capacity utilization: the 2000 annual revision

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Abstract

In late 2000, the Federal Reserve Board published the annual revision of its index of industrial production and related measures of capacity and utilization for the period January 1992 through October 2000. The updated measures reflect the incorporation of newly available, more comprehensive source data, the introduction of new production series, and changes in methods. For this revision, two new years of comprehensive data on manufacturing output became available; otherwise, the updating of the data was typical of annual revisions. ; Total industrial output has increased, on average, 5.1 percent per year since 1995, and industrial capacity has expanded 5.4 percent per year; these revised rates of increase are more rapid than those previously reported. The rate of industrial capacity utilization was little changed by the revision for the third quarter of 2000 but was revised up 0.6 percentage point, to 81.6 percent, for the fourth quarter of 1999.

Suggested Citation

  • Carol Corrado, 2001. "Industrial production and capacity utilization: the 2000 annual revision," Federal Reserve Bulletin, Board of Governors of the Federal Reserve System (U.S.), vol. 87(Mar), pages 132-148, March.
    • Handle: RePEc:fip:fedgrb:y:2001:i:mar:p:132-148:n:v.87no.3
    DOI: 10.17016/bulletin.2001.87-3-2
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    File URL: http://www.federalreserve.gov/pubs/bulletin/2001/0301scnd.pdf
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    Cited by:

    1. Carol Corrado & Paul Lengermann & Eric J. Bartelsman & J. Joseph Beaulieu, 2007. "Sectoral Productivity in the United States: Recent Developments and the Role of IT," German Economic Review, Verein für Socialpolitik, vol. 8(2), pages 188-210, May.
    2. Doms, Mark & Forman, Chris, 2005. "Prices for local area network equipment," Information Economics and Policy, Elsevier, vol. 17(3), pages 365-388, July.
    3. David M. Byrne & Carol Corrado, 2015. "Prices for Communications Equipment: Rewriting the Record," Finance and Economics Discussion Series 2015-69, Board of Governors of the Federal Reserve System (U.S.).
    4. Carol Corrado & Paul Lengermann & Eric J. Bartelsman & J. Joseph Beaulieu, 2007. "Sectoral Productivity in the United States: Recent Developments and the Role of IT," German Economic Review, Verein für Socialpolitik, vol. 8(2), pages 188-210, May.

    More about this item

    Keywords

    Industrial production index; Industrial capacity;

    JEL classification:

    • L16 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure
    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • E23 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Production

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