SilentSeas Group | Industrial Production and Capacity Utilization G 17
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Industrial Production and Capacity Utilization G 17

Industrial Production and Capacity Utilization G 17

When the high-level view of a dashboard isn’t deep enough, one-click reports pull up more data on everything from time to timesheets. If you’re reporting to management, reports can be customized and delivered how they want to keep everyone updated. Cutting is an industrial process that is used in shearing, sawing, plasma cutting, water-jet cutting, oxyacetylene cutting, electrical discharge machining (EDM) and laser cutting. It refers to the mechanical cutting and shaping of metal, which results in the loss of some material. ProjectManager has workflow automation to streamline your production and task authorization to make sure that the quality of your products stays high. Add a collaborative platform that allows for everyone to share plans, files and comments and you have the only software solution you’ll need.

The output of utilities, however, dropped 7.5 percent in February as the indexes for electric and natural gas utilities decreased 6.5 and 13 percent, respectively. High capacity utilization, on the other hand, can act as a warning that the economy is overheating, suggesting the risk of price rises and asset bubbles. Policymakers could react to those threats with interest rate rises or fiscal austerity. Alternatively, they could let the business cycle take its course, likely resulting in an eventual recession.

  1. The output of other manufacturing (publishing and logging) inched down 0.1 percent.
  2. Industrial production is a measure of output of the industrial sector of the economy.
  3. Therefore, it can have more recurrent changeover and variation in the process.
  4. Here, materials are made by liquifying them and shaping them in molds as they cool and become solid.

Our Gantt chart organizes your work, links dependencies to avoid bottlenecks and sets milestones to help you track progress. Plus, you can filter for the critical what are stocks and how do they work path without having to do any complicated calculations. Then set a baseline to track the difference between your plan and actual progress in real time.

Types of Industrial Processes and Materials Used

Industrial production and capacity levels are expressed as an index level relative to a base year—currently 2012. In other words, they do not express absolute production volumes or values, but the percentage change in production relative to 2012. There are several chemical processes that create necessary materials in manufacturing. For steel, the process is called smelting, which is done inside a blast furnace. The Hall Heroult process is used to make aluminum, while the Haboer process produces fertilizer.

We and our partners process data to provide:

Here, materials are made by liquifying them and shaping them in molds as they cool and become solid. This is done in casting, sand casting, sintering, powder metallurgy, blow molding and compression molding.


We’ll also look at what materials are used in industrial processes, offer some examples and look at how manufacturing project management software can facilitate the process. Industrial production edged up 0.1 percent in February after declining 0.5 percent in January. In February, the output of manufacturing rose 0.8 percent and the index for mining climbed 2.2 percent. Both gains partly reflected recoveries from weather-related declines in January. The index for utilities fell 7.5 percent in February because of warmer-than-typical temperatures.

The indices are available in seasonally adjusted and unadjusted formats. Make the best decisions about the future of your business with the most reliable economic intelligence. FocusEconomics provides data, forecasts and analysis for hundreds of countries and commodities.

Industrial production is a measure of output of the industrial sector of the economy. Industrial production figures are also used by central banks to measure inflation, as high levels of industrial production can lead to uncontrolled levels of consumption and rapid inflation[citation needed]. Industrial production measures the output of the industrial sector, which typically comprises mining, manufacturing, utilities and, in some cases, construction. The industrial production indicator is generally provided as an index in volume terms. In order to keep track of all the industrial processes and to make sure you’re on schedule and keep to your project, requires work and project management software. ProjectManager is a cloud-based tool that delivers real-time data so managers can better schedule, track and respond to issues as they arise in the manufacturing process.

Elsewhere in consumer goods, the indexes for non-energy nondurables and durables rose 0.6 and 0.9 percent, respectively. Similarly, within materials, all market groups posted gains except energy materials, the output of which fell 0.2 percent. All other market groups also recorded increases, led by construction supplies and business equipment, the output of which increased 1.9 and 1.7 percent, respectively.

This indicator is measured in an index based on a reference period that expresses change in the volume of production output. 3-D printing uses several composites and materials, such as plastics and metals, to create three-dimensional goods layer by layer. This is done through digital means rather than physical labor or mechanization. Benefits to this type of manufacturing include reduced financial capital, raw materials and waste, though the process is expensive. It can also be used to create prototypes before committing to larger-scale projects and is used to make medical and dental devices, prosthetic limbs, firearms, shows, musical instruments and even buildings. Industrial processes work only when they are integrated into a production plan.

The source data is varied, including physical inputs and outputs such as tons of steel; inflation-adjusted sales figures; and, in some cases, hours logged by production workers. The FRB obtains this data from industry associations and government agencies and aggregates them into an index using the Fisher-ideal formula. This process takes impure materials and purifies them by separation, which creates a product that can be used in production. This is done by reducing the size of particles by comminution, separating materials with froth flotation and the flotation process. There is also liquid-liquid extraction, which dissolves one substance in the other, and the Frasch process, which extracts molten sulfur from the ground. Mining output climbed 2.2 percent in February after falling 2.9 percent in January.

Capacity utilization is a useful indicator of the strength of demand. Policymakers could read this as a signal that fiscal or monetary stimulus is needed. Investors, meanwhile, could interpret it as a sign of a coming downturn, or—depending on the signals from Washington—as a sign of coming stimulus.

There are also chemical processes to combine materials called pyroprocessing. Disinfection is a chemical treatment that kills bacteria and viruses. ProjectManager is award-winning software that helps organize work and streamline processes to add efficiency and boost productivity. You get everything from resource and task management to roadmaps to manage all your projects in one place. To keep your manufacturing running on schedule, you need to know what’s happening when it happens. Our live dashboard captures real-time data and automatically shows you six project metrics in easy-to-read graphs and charts.

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