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Economic Commentary

A User's Guide to Capacity-Utilization Measures

The U.S. Census Bureau and the Federal Reserve prepare the two most widely disseminated indexes of capacity utilization. This article, the second of a two-part series on capacity utilization, explains how the indexes are constructed and analyzes the advantages and shortcomings of both approaches.

The views authors express in Economic Commentary are theirs and not necessarily those of the Federal Reserve Bank of Cleveland or the Board of Governors of the Federal Reserve System. The series editor is Tasia Hane. This paper and its data are subject to revision; please visit for updates.

Suggested Citation

Bauer, Paul, and Mary Deily. 1988. “A User's Guide to Capacity-Utilization Measures.” Federal Reserve Bank of Cleveland, Economic Commentary 7/1/1988.

This work by Federal Reserve Bank of Cleveland is licensed under Creative Commons Attribution-NonCommercial 4.0 International