Industrial production and capacity utilization: the 2000 annual revision

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.