Keeping you up to date on the latest data releases.
- Industrial Production Revision
The annual revision to industrial production and capacity utilization incorporates new data from the Annual Survey of Manufacturers, Current Industrial Reports, Quarterly Survey of Plan Capacity Utilization, U.S. Geological Survey, and the Department of Energy. In general, revisions left total production little changed while capacity was revised up; as a consequence capacity utilization was revised down.Measured from Q4 to Q4, total production for 2009 dropped to −11.4 percent from −11.1 percent while revisions left production gains for 2010 and 2011 essentially unchanged. Capacity revisions left 2008 levels relatively unchanged while 2009 and 2010 levels both were marked down. Given the revisions in production and capacity series, capacity utilization was revised lower for every year from 2008–2011. For Q4:2011, capacity utilization now rests at 77.8 percent compared to a previous estimate of 78.1 percent.