
G17: G.17 Annual Revision Released
Published on March 28, 2023
The Federal Reserve has revised its index of industrial production (IP) and the related measures of capacity and capacity utilization. On net, revisions to total IP pushed its growth rates slightly lower in recent years; the rates of change for total IP have revised no more than 0.6 percentage point in any year. Similarly, the utilization rates for total industry are little changed from previous estimates.
