MarketXLS

Capacity Utilization: Total Index

76.09 for Jun 2026

Capacity Utilization: Total Index came in at 76.09 (Percent) for Jun 2026, down 0.01% from 76.1 the prior month and 0.11% below its level of 76.18 one year ago. The series has averaged 79.81 since 1967, reaching a record high of 89.39 in January 1967 and a record low of 64.08 in April 2020.

Source: Federal Reserve Economic Data (FRED), St. Louis Fed

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Cite this data: "Capacity Utilization: Total Index," MarketXLS. Data from Federal Reserve Economic Data (FRED), St. Louis Fed. marketxls.com/indicators/capacity-utilization

Historical Data

Observation dateValue
June 1, 202676.09
May 1, 202676.1
April 1, 202676.06
March 1, 202675.53
February 1, 202675.83
January 1, 202675.24
December 1, 202575.64
November 1, 202575.39
October 1, 202575.62
September 1, 202576.05
August 1, 202576.11
July 1, 202576.4
June 1, 202576.18
May 1, 202575.89
April 1, 202576.1
March 1, 202576.13
February 1, 202576.27
January 1, 202575.58
December 1, 202475.87
November 1, 202475.17
October 1, 202475.39
September 1, 202475.72
August 1, 202476.27
July 1, 202475.99
June 1, 202476.76
May 1, 202476.8
April 1, 202476.38
March 1, 202476.6
February 1, 202476.52
January 1, 202475.75
December 1, 202376.86
November 1, 202377.11
October 1, 202376.86
September 1, 202377.34
August 1, 202377.26
July 1, 202377.38
June 1, 202376.85
May 1, 202377.55
April 1, 202377.89
March 1, 202377.8
February 1, 202377.61
January 1, 202377.6
December 1, 202277.13
November 1, 202278.15
October 1, 202278.48
September 1, 202278.61
August 1, 202278.54
July 1, 202278.72
June 1, 202278.63
May 1, 202278.92
April 1, 202279.04
March 1, 202279.03
February 1, 202278.58
January 1, 202278.09
December 1, 202178.37
November 1, 202178.56
October 1, 202177.98
September 1, 202176.89
August 1, 202177.73
July 1, 202177.8
June 1, 202177.34
May 1, 202176.93
April 1, 202176.12
March 1, 202175.85
February 1, 202173.57
January 1, 202175.94
December 1, 202075.39
November 1, 202074.26
October 1, 202073.86
September 1, 202073.15
August 1, 202073.02
July 1, 202072.21
June 1, 202069.52
May 1, 202065.19
April 1, 202064.08
March 1, 202073.79
February 1, 202076.78
January 1, 202076.52
December 1, 201977.04
November 1, 201977.25
October 1, 201976.91
September 1, 201977.62
August 1, 201977.95
July 1, 201977.49
June 1, 201977.95
May 1, 201978
April 1, 201977.99
March 1, 201978.53
February 1, 201978.59
January 1, 201979.1
December 1, 201879.71
November 1, 201879.77
October 1, 201879.78
September 1, 201879.93
August 1, 201879.93
July 1, 201879.46
June 1, 201879.36
May 1, 201878.75
April 1, 201879.46
March 1, 201878.57
February 1, 201878.15
January 1, 201877.91
December 1, 201777.85
November 1, 201777.63
October 1, 201777.38
September 1, 201776.36
August 1, 201776.21
July 1, 201776.45
June 1, 201776.58
May 1, 201776.37
April 1, 201776.24
March 1, 201775.44
February 1, 201774.93
January 1, 201775.23
December 1, 201675.44
November 1, 201674.95
October 1, 201675.29
September 1, 201675.31
August 1, 201675.43
July 1, 201675.58
June 1, 201675.53
May 1, 201675.2
April 1, 201675.4
March 1, 201675.16
February 1, 201675.73
January 1, 201676.12
December 1, 201575.72
November 1, 201576.08
October 1, 201576.63
September 1, 201576.98
August 1, 201577.17
July 1, 201577.29
June 1, 201576.78
May 1, 201577.01
April 1, 201577.35
March 1, 201577.78
February 1, 201578.06
January 1, 201578.58
December 1, 201479.24
November 1, 201479.3
October 1, 201478.87
September 1, 201478.92
August 1, 201478.77
July 1, 201478.99
June 1, 201478.9
May 1, 201478.7
April 1, 201478.47
March 1, 201478.46
February 1, 201477.77
January 1, 201477.25
December 1, 201377.59
November 1, 201377.5
October 1, 201377.38
September 1, 201377.5
August 1, 201377.18
July 1, 201376.8
June 1, 201377.11
May 1, 201377.03
April 1, 201377.06
March 1, 201377.21
February 1, 201377
January 1, 201376.75
December 1, 201276.84
November 1, 201276.78
October 1, 201276.62
September 1, 201276.48
August 1, 201276.67
July 1, 201277.14
June 1, 201277.11
May 1, 201277.25
April 1, 201277.22
March 1, 201276.82
February 1, 201277.37
January 1, 201277.27
December 1, 201176.95
November 1, 201176.68
October 1, 201176.81
September 1, 201176.4
August 1, 201176.57
July 1, 201176.14
June 1, 201175.84
May 1, 201175.67
April 1, 201175.61
March 1, 201175.87
February 1, 201175.09
January 1, 201175.37
December 1, 201075.5
November 1, 201074.71
October 1, 201074.58
September 1, 201074.71
August 1, 201074.39
July 1, 201074
June 1, 201073.59
May 1, 201073.31
April 1, 201072.19
March 1, 201071.8
February 1, 201071.16
January 1, 201070.75
December 1, 200969.85
November 1, 200969.45
October 1, 200969.04
September 1, 200968.75
August 1, 200968.08
July 1, 200967.29
June 1, 200966.51
May 1, 200966.77
April 1, 200967.48
March 1, 200968.09
February 1, 200969.23
January 1, 200969.73
December 1, 200871.61
November 1, 200873.78
October 1, 200874.87
September 1, 200874.22
August 1, 200877.73
July 1, 200879.03
June 1, 200879.36
May 1, 200879.56
April 1, 200880.04
March 1, 200880.54
February 1, 200880.76
January 1, 200881.05
December 1, 200781.14
November 1, 200781.11
October 1, 200780.68
September 1, 200780.94
August 1, 200780.81
July 1, 200780.73
June 1, 200780.92
May 1, 200781
April 1, 200781.07
March 1, 200780.69
February 1, 200780.72
January 1, 200780.15
December 1, 200680.6
November 1, 200679.97
October 1, 200680.18
September 1, 200680.45
August 1, 200680.75
July 1, 200680.56
June 1, 200680.76
May 1, 200680.65
April 1, 200680.77
March 1, 200680.66
February 1, 200680.61
January 1, 200680.71
December 1, 200580.71
November 1, 200580.43
October 1, 200579.66
September 1, 200578.83
August 1, 200580.52
July 1, 200580.38
June 1, 200580.76
May 1, 200580.51
April 1, 200580.54
March 1, 200580.46
February 1, 200580.66
January 1, 200580.15
December 1, 200479.92
November 1, 200479.33
October 1, 200479.16
September 1, 200478.51
August 1, 200478.42
July 1, 200478.36
June 1, 200477.77
May 1, 200478.36
April 1, 200477.78
March 1, 200477.47
February 1, 200477.76
January 1, 200477.28
December 1, 200377.15
November 1, 200377.11
October 1, 200376.59
September 1, 200376.48
August 1, 200375.98
July 1, 200376.14
June 1, 200375.73
May 1, 200375.61
April 1, 200375.6
March 1, 200376.03
February 1, 200376.2
January 1, 200376.08
December 1, 200275.41
November 1, 200275.8
October 1, 200275.36
September 1, 200275.5
August 1, 200275.43
July 1, 200275.52
June 1, 200275.57
May 1, 200274.99
April 1, 200274.75
March 1, 200274.46
February 1, 200274.01
January 1, 200274.12
December 1, 200173.76
November 1, 200173.93
October 1, 200174.54
September 1, 200174.92
August 1, 200175.49
July 1, 200175.78
June 1, 200176.48
May 1, 200177.11
April 1, 200177.72
March 1, 200178.25
February 1, 200178.66
January 1, 200179.43
December 1, 200080.07
November 1, 200080.6
October 1, 200080.83
September 1, 200081.41
August 1, 200081.29
July 1, 200081.76
June 1, 200082.17
May 1, 200082.4
April 1, 200082.43
March 1, 200082.2
February 1, 200082.17
January 1, 200082.18
December 1, 199982.56
November 1, 199982.2
October 1, 199982.08
September 1, 199981.36
August 1, 199981.98
July 1, 199981.94
June 1, 199981.76
May 1, 199982.12
April 1, 199981.92
March 1, 199982.05
February 1, 199982.19
January 1, 199982.04
December 1, 199882.04
November 1, 199882.04
October 1, 199882.49
September 1, 199882.33
August 1, 199882.79
July 1, 199881.54
June 1, 199882.32
May 1, 199883.31
April 1, 199883.29
March 1, 199883.55
February 1, 199884.07
January 1, 199884.5
December 1, 199784.69
November 1, 199784.89
October 1, 199784.78
September 1, 199784.57
August 1, 199784.32
July 1, 199783.98
June 1, 199783.74
May 1, 199783.81
April 1, 199783.79
March 1, 199784.12
February 1, 199784.01
January 1, 199783.43
December 1, 199683.69
November 1, 199683.56
October 1, 199683.2
September 1, 199683.56
August 1, 199683.43
July 1, 199683.39
June 1, 199683.77
May 1, 199683.52
April 1, 199683.29
March 1, 199682.86
February 1, 199683.35
January 1, 199682.52
December 1, 199583.37
November 1, 199583.44
October 1, 199583.58
September 1, 199584.07
August 1, 199584.07
July 1, 199583.29
June 1, 199583.96
May 1, 199583.99
April 1, 199583.87
March 1, 199584.31
February 1, 199584.46
January 1, 199584.85
December 1, 199484.99
November 1, 199484.41
October 1, 199484.12
September 1, 199483.73
August 1, 199483.73
July 1, 199483.44
June 1, 199483.59
May 1, 199483.28
April 1, 199483.14
March 1, 199482.87
February 1, 199482.24
January 1, 199482.39
December 1, 199382.33
November 1, 199382.02
October 1, 199381.8
September 1, 199381.34
August 1, 199381.04
July 1, 199381.26
June 1, 199381.16
May 1, 199381.09
April 1, 199381.5
March 1, 199381.4
February 1, 199381.59
January 1, 199381.33
December 1, 199281.15
November 1, 199281.16
October 1, 199281.01
September 1, 199280.64
August 1, 199280.54
July 1, 199281.18
June 1, 199280.62
May 1, 199280.76
April 1, 199280.68
March 1, 199280.25
February 1, 199279.73
January 1, 199279.33
December 1, 199179.89
November 1, 199180.41
October 1, 199180.64
September 1, 199180.79
August 1, 199180.24
July 1, 199180.32
June 1, 199180.16
May 1, 199179.58
April 1, 199178.91
March 1, 199178.76
February 1, 199179.29
January 1, 199179.95
December 1, 199080.3
November 1, 199080.98
October 1, 199082.13
September 1, 199082.73
August 1, 199082.85
July 1, 199082.7
June 1, 199083
May 1, 199082.88
April 1, 199082.8
March 1, 199083.2
February 1, 199082.97
January 1, 199082.42
December 1, 198983.03
November 1, 198982.78
October 1, 198982.7
September 1, 198983
August 1, 198983.46
July 1, 198982.83
June 1, 198983.82
May 1, 198983.99
April 1, 198984.63
March 1, 198984.79
February 1, 198984.7
January 1, 198985.19
December 1, 198885.03
November 1, 198884.73
October 1, 198884.59
September 1, 198884.28
August 1, 198884.59
July 1, 198884.2
June 1, 198884.21
May 1, 198884
April 1, 198884.2
March 1, 198883.76
February 1, 198883.61
January 1, 198883.26
December 1, 198783.36
November 1, 198783
October 1, 198782.72
September 1, 198781.76
August 1, 198781.59
July 1, 198781.13
June 1, 198780.75
May 1, 198780.49
April 1, 198780.15
March 1, 198779.8
February 1, 198779.83
January 1, 198778.93
December 1, 198679.33
November 1, 198678.7
October 1, 198678.49
September 1, 198678.25
August 1, 198678.13
July 1, 198678.36
June 1, 198677.93
May 1, 198678.32
April 1, 198678.28
March 1, 198678.25
February 1, 198678.91
January 1, 198679.57
December 1, 198579.25
November 1, 198578.62
October 1, 198578.49
September 1, 198578.89
August 1, 198578.79
July 1, 198578.73
June 1, 198579.3
May 1, 198579.53
April 1, 198579.62
March 1, 198579.99
February 1, 198580.08
January 1, 198580.07
December 1, 198480.28
November 1, 198480.46
October 1, 198480.38
September 1, 198480.58
August 1, 198481
July 1, 198481.09
June 1, 198481.03
May 1, 198480.89
April 1, 198480.59
March 1, 198480.24
February 1, 198479.97
January 1, 198479.72
December 1, 198378.25
November 1, 198377.93
October 1, 198377.65
September 1, 198377.11
August 1, 198376.05
July 1, 198375.19
June 1, 198374.11
May 1, 198373.68
April 1, 198373.26
March 1, 198372.37
February 1, 198371.79
January 1, 198372.27
December 1, 198270.99
November 1, 198271.54
October 1, 198271.83
September 1, 198272.6
August 1, 198272.86
July 1, 198273.62
June 1, 198273.97
May 1, 198274.28
April 1, 198274.9
March 1, 198275.74
February 1, 198276.39
January 1, 198275.02
December 1, 198176.77
November 1, 198177.77
October 1, 198178.87
September 1, 198179.69
August 1, 198180.27
July 1, 198180.57
June 1, 198180.25
May 1, 198180.05
April 1, 198179.79
March 1, 198180.35
February 1, 198180.14
January 1, 198180.67
December 1, 198081.38
November 1, 198081.03
October 1, 198079.87
September 1, 198079.03
August 1, 198077.91
July 1, 198077.81
June 1, 198078.51
May 1, 198079.69
April 1, 198081.84
March 1, 198083.65
February 1, 198084.15
January 1, 198084.28
December 1, 197983.99
November 1, 197984.1
October 1, 197984.41
September 1, 197983.98
August 1, 197984.18
July 1, 197984.94
June 1, 197985.29
May 1, 197985.48
April 1, 197984.93
March 1, 197986.19
February 1, 197986.13
January 1, 197985.95
December 1, 197886.65
November 1, 197886.45
October 1, 197886.02
September 1, 197885.61
August 1, 197885.63
July 1, 197885.51
June 1, 197885.81
May 1, 197885.49
April 1, 197885.32
March 1, 197883.86
February 1, 197882.51
January 1, 197882.3
December 1, 197783.76
November 1, 197783.84
October 1, 197783.92
September 1, 197784.04
August 1, 197783.92
July 1, 197784.07
June 1, 197784.19
May 1, 197783.76
April 1, 197783.32
March 1, 197782.74
February 1, 197781.91
January 1, 197780.84
December 1, 197681.6
November 1, 197680.92
October 1, 197679.9
September 1, 197680.11
August 1, 197680.02
July 1, 197679.66
June 1, 197679.39
May 1, 197679.49
April 1, 197679.33
March 1, 197679.11
February 1, 197679.11
January 1, 197678.5
December 1, 197577.63
November 1, 197576.73
October 1, 197576.76
September 1, 197576.56
August 1, 197575.71
July 1, 197575.1
June 1, 197574.44
May 1, 197574.09
April 1, 197574.45
March 1, 197574.39
February 1, 197575.35
January 1, 197577.25
December 1, 197478.47
November 1, 197481.56
October 1, 197484.49
September 1, 197484.9
August 1, 197485.08
July 1, 197486.18
June 1, 197486.2
May 1, 197486.57
April 1, 197486.11
March 1, 197486.6
February 1, 197486.85
January 1, 197487.38
December 1, 197388.24
November 1, 197388.77
October 1, 197388.66
September 1, 197388.21
August 1, 197387.81
July 1, 197388.23
June 1, 197388.23
May 1, 197388.42
April 1, 197388.12
March 1, 197388.55
February 1, 197388.8
January 1, 197387.84
December 1, 197287.48
November 1, 197286.79
October 1, 197286.04
September 1, 197285.2
August 1, 197284.77
July 1, 197283.83
June 1, 197284.14
May 1, 197284.13
April 1, 197284.33
March 1, 197283.7
February 1, 197283.33
January 1, 197282.69
December 1, 197180.97
November 1, 197180.24
October 1, 197180.1
September 1, 197179.7
August 1, 197178.63
July 1, 197179.28
June 1, 197179.71
May 1, 197179.58
April 1, 197179.38
March 1, 197179.13
February 1, 197179.42
January 1, 197179.78
December 1, 197079.39
November 1, 197077.84
October 1, 197078.55
September 1, 197080.4
August 1, 197081.21
July 1, 197081.6
June 1, 197081.65
May 1, 197082.17
April 1, 197082.52
March 1, 197082.99
February 1, 197083.36
January 1, 197083.68
December 1, 196985.54
November 1, 196986.07
October 1, 196987.19
September 1, 196987.47
August 1, 196987.79
July 1, 196987.9
June 1, 196987.75
May 1, 196987.21
April 1, 196987.85
March 1, 196988.49
February 1, 196988.12
January 1, 196987.87
December 1, 196887.67
November 1, 196887.72
October 1, 196886.94
September 1, 196887.1
August 1, 196887.11
July 1, 196887.2
June 1, 196887.67
May 1, 196887.7
April 1, 196887.06
March 1, 196887.28
February 1, 196887.35
January 1, 196887.39
December 1, 196787.84
November 1, 196787.29
October 1, 196786.43
September 1, 196786.11
August 1, 196786.63
July 1, 196785.38
June 1, 196785.96
May 1, 196786.36
April 1, 196787.51
March 1, 196787.08
February 1, 196787.98
January 1, 196789.39

About Capacity Utilization: Total Index

What it measures

Capacity Utilization (FRED series TCU) measures the percentage of sustainable maximum output that US industry is actually producing, covering manufacturing, mining, and utilities. The Federal Reserve Board publishes it monthly alongside industrial production, deriving it as the ratio of the production index to an estimated capacity index. Unlike most indicators it is naturally bounded, historically ranging roughly between the mid-60s and mid-80s percent.

Why it matters

Utilization is a classic gauge of economic slack: high rates signal capacity constraints that historically precede rising goods prices and capital spending, while low rates indicate idle resources and weak pricing power. The Federal Reserve monitors it as part of its inflation framework, and industrial companies benchmark their own utilization against it. Rates near cycle highs often coincide with lengthening delivery times and expansion announcements.

How to read it

Readings above roughly 80 percent have historically flagged tight conditions, while drops below the mid-70s accompany recessions, though the inflation-triggering threshold has drifted lower as the economy has become more service-based. Watch the direction as much as the level, since capacity estimates are revised. A falling rate during rising production means capacity is growing faster than demand, a disinflationary configuration.

Get Capacity Utilization: Total Index in Excel

Pull Capacity Utilization: Total Index directly into your spreadsheet with a single MarketXLS formula - always current, no copy-pasting:

=CapacityUtilisation()

View the Capacity Utilisation - percent formula documentation or browse all 100+ Economic Data functions.

Frequently Asked Questions

What is the current Capacity Utilization: Total Index?

Capacity Utilization: Total Index is 76.09 (Percent) as of June 2026.

What is the all-time high and low of Capacity Utilization: Total Index?

The highest value on record is 89.39 (January 1967) and the lowest is 64.08 (April 2020).

How often is Capacity Utilization: Total Index updated?

Capacity Utilization: Total Index is published on a monthly basis, sourced from Federal Reserve Economic Data (FRED).

How do I get Capacity Utilization: Total Index in Excel?

Use the MarketXLS Excel formula =CapacityUtilisation() to pull Capacity Utilization: Total Index directly into any cell, with historical values available for analysis.

Basic info
Capacity utilization or capacity utilisation is the extent to which a firm or nation employs its installed productive capacity.
RegionUnited States
FrequencyMonthly
Last updatedJuly 17, 2026
Seasonal adjustmentSeasonally Adjusted
UnitPercent

Stats
Last Value76.09
Latest PeriodJun 2026
Last UpdatedJuly 17 2026, 08:18
Value Previous Month76.1
Change From Previous Month-0.01%
Value 1 Year Ago76.18
Change From Year Ago-0.11%
Average Growth Rate-0.27%/yr
Record High (Jan 1967)89.39
Record Low (Apr 2020)64.08
Long-Term Average79.81
FrequencyMonthly
AdjustmentSeasonally Adjusted
UnitPercent

Annual Averages
202675.81
202575.95
202476.1
202377.34
202278.49
202176.92
202072.31
201977.87
201879.23
201776.39
201675.43
201577.12

Related Indicators
Industrial Production: Total Index
Total Business Inventories
Advance Real Retail and Food Services Sales
US Light Vehicle Sales
Durable Goods Orders
Core Capital Goods Orders
Commercial and Industrial Loans
Total Consumer Credit
Corporate Profits After Tax
Housing Starts
Building Permits
Housing Units Under Construction
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