For a given industry, the capacity utilization rate is equal to an output index divided by a capacity index. The Federal Reserve Board's capacity indexes attempt to capture the concept of sustainable maximum output-the greatest level of output a plant can maintain within the framework of a realistic work schedule, after factoring in normal downtime and assuming sufficient availability of inputs to operate the capital in place.
NAICS = 316
Source Code: CAPUTL.G316.S
Board of Governors of the Federal Reserve System (US), Capacity Utilization: Nondurable Manufacturing: Leather and allied product [CAPUTLG316SQ], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/CAPUTLG316SQ, September 21, 2020.