ECONOMIC

TABLE B-40.—Capacity utilization rate in manufacturing, 1948—76[Percent; quarterly data seasonally adjusted]FRB series *Commerce series 2Wharton series 3Year orquarterTotalmanufacturingPrimaryprocessingAdvancedprocessingTotalmanufacturingDurablegoodsNondurablegoodsPrimaryprocessedgoodsAdvancedprocessedgoodsTotalmanufacturingDurablegoodsNondurablegoods1948 _.194982.574.287.376.280.073.2195019511952195319541955195619571958195982.885.885.489.280.187.086.183.675.081.688.590.284.989.480.692.089.484.775.483.079.883.485.989.380.084.284.483.174.981.188.990.388.492.482.991.490.888.077.584.083.787.286.093.379.590.289.186.170.878.696.194.891.891.287.793.193.490.887.492.01960196119621963196480.177.381.483.585.779.877.981.583.887.880.577.281.683.484.682.179.182.584.086.877.072.977.779.682.989.888.589.890.892,81965196619671968196989.591.186.987.086.291.091.485.787.688.688.991.187.686.885.092.496.693.595.095.390.696.091.893.794.095.397.596.097.097.21970197119721973197479.278.083.187.584.282.882. C88.092.487.577.375.980.584.982.387.986.491.897.193.084.282.388.996.691.993.592.996.398.094.7197573.673.473.780.477.186.01971: IIL...III...IV....77.577.977.879.081.782.981.182.475.375.275.977.186.286.386.087.282.582.581.482.892.092.393.194.11972: L.__.IL...III...IV....80.982.483.485.885.287.288.691.178.679.880.683.189.390.992.194.985.687.789.393.195.196.096.497.81973: I.....IL__.III...IV...87.187.687.887.791.892.192.793. G84.585.285.085.096.497.297.497.595.496.497.197.498.198.597.997.61974: IIII."!IV....85.785.885.579.790.590.089.080.483.083.483.679.394.794.894.687.893.393.593.986.996.996.895.789.21975: !..._.III."."IV....70.971.375.376.869.570.075.878.171.572.175.076.177.477.982.484.074.874.778.880.081.583.388.390.71976: I.....II—III*.79.080.280.281.582.578.279.279.686.487.888.082.684.985.792.792.691.81 For description of the series, see "Federal Reserve Bulletin," November 1976.2 Quarterly data ate for last month in quarter. Annual data are averages of the four indexes, except for 1965 (Decemberindex) and 1966-67 (averages of June and December indexes). For description of the series, see "Survey of Current Business,"July 1974.3 Annual data are averages of quarterly indexes. For description of the series, see F. Gerard Adams and Robert Summers,"The Wharton Index of Capacity Utilization: A Ten Year Perspective," 1973 Proceedings of the Business and EconomicStatistics Section, American Statistical Association.Sources: Board of Governors of the Federal Reserve System, Department of Commerce (Bureau of Economic Analysis),and Wharton School of Finance.233