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FEDERAL RESERVE statistical release G.17 (419) For release at 9:15 a.m. (EDT) September 16, 1999 INDUSTRIAL PRODUCTION AND CAPACITY UTILIZATION Industrial production, which had increased 0.7 percent in July, advanced 0.3 percent in August. A surge in the production of motor vehicles and parts accounted for the bulk of the advance. The output of electric utilities, which had moved up sharply earlier in the summer, fell back as temperatures returned to more normal levels. At 135.6 percent of its 1992 average, industrial production in August was 2.5 percent higher than in August 1998. The rate of capacity utilization for total industry rose 0.1 percentage point, to 80.8 percent, a level 1.3 percentage points below its 1967–98 average. Market Groups The output of consumer goods rose 0.8 percent after having eased a bit in July. The output of durable consumer goods increased 3.2 percent as the production of automotive products, which had dropped 4.6 percent in July, surged 8.1 percent. In contrast, the production of other consumer durables, which had risen 2.0 percent in July, declined (over) INDUSTRIAL PRODUCTION AND CAPACITY UTILIZATION: SUMMARY Seasonally adjusted Index, 1992=100 Percent change Industrial Production 1999 Mayr Juner Julyr Aug.p Total index Previous estimates 134.0 134.0 134.2 134.2 135.2 135.1 Major market groups: Products, total Consumer goods Business equipment Construction supplies Materials 125.8 115.6 171.4 132.1 147.3 125.6 115.9 170.8 131.4 148.2 Major industry groups: Manufacturing Durable Nondurable Mining Utilities 138.4 165.0 111.7 97.9 115.4 138.5 165.6 111.3 97.7 117.6 Capacity Utilization Total industry Previous estimates Manufacturing Advanced processing Primary processing Mining Utilities Average 1967–98 1982 Low 1999 Mayr Juner Julyr Aug.p 135.6 .2 .2 .2 .1 .7 .7 .3 2.5 126.0 115.7 172.3 132.8 150.4 126.4 116.6 172.7 131.9 150.8 .2 .1 .5 .0 .2 –.1 .2 –.4 –.6 .6 .3 –.2 .9 1.1 1.5 .4 .8 .2 –.6 .3 1.2 .4 3.7 3.0 4.5 139.3 167.7 111.1 98.6 120.4 139.9 168.9 111.2 99.2 118.4 .3 .5 –.1 –.4 –.4 .1 .4 –.4 –.2 2.0 .6 1.2 –.1 .9 2.3 .4 .7 .1 .6 –1.6 3.2 5.7 –.1 –4.4 –1.5 Percent of capacity 1988–89 1998 1999 High Aug. Mayr Juner Julyr Aug.p Aug. 98 to Aug. 99 Capacity growth Aug. 98 to Aug. 99 82.1 71.1 85.4 82.0 80.4 80.4 80.3 80.3 80.7 80.7 80.8 3.9 81.1 80.5 82.4 87.5 87.4 69.0 70.4 66.2 80.3 75.9 85.7 84.2 88.9 88.0 92.6 80.7 79.9 83.1 86.3 95.1 79.5 78.6 82.5 80.8 90.8 79.4 78.4 82.4 80.5 92.5 79.6 78.6 82.8 81.2 94.6 79.8 78.9 82.7 81.7 93.1 4.3 5.2 2.3 1.1 .6 0.6 percent, with the output of household appliances falling back. Even with this decline, the production of appliances remained at a high level, up nearly 5 percent from a year earlier. The production of nondurable consumer goods was unchanged in spite of a 1 percent decline in the production of energy products; the output of non-energy products, which had been trending slightly downward, turned up a bit. The production of business equipment, which had risen nearly 1 percent in July, advanced 0.2 percent further. Declines in the output of industrial equipment, civilian transport aircraft, and medium and heavy trucks largely offset gains in the production of automobiles and light trucks for business use, information processing equipment, and farm equipment. Despite the upturn, the level of farm equipment production remains depressed. The production of construction supplies fell 0.6 percent, reversing part of the July gain. So far this quarter, the output of construction supplies is running a little above the elevated pace of the first half of the year. The output of materials increased 0.3 percent after having risen 2 percent over June and July. The growth in the output of durable goods materials slowed, to 0.5 percent, down from 2.2 percent in July; growth in this sector so far this year has largely been fueled by the strong production of parts for motor vehicles and high-tech equipment, as well as a recent pickup in steel production. The output of nondurable goods materials remained sluggish, while the production of energy materials declined 0.3 percent, after having risen more than 1 percent in July. Industry Groups Manufacturing output advanced 0.4 percent, a slightly slower rate than in July. Excluding motor vehicles and parts, the gain in August was only 0.2 percent, down from 0.7 percent in July. The 0.7 percent gain in the output of durables was led by gains at makers of light vehicles, computers, and semiconductors. The output indexes for commercial aircraft and parts, lumber, and instruments declined noticeably. The production in nondurable manufacturing edged up after having declined in the preceding three months. Among nondurables, some recovery in chemicals, paper, and printing and publishing offset some easing in the other sectors. On balance, the output of nondurables has changed little over the past year. The factory operating rate edged up to 79.8 percent, as an increase in advanced-processing industries was partially offset by a small decline in the rate for primary-processing industries. With the strong gain in light-vehicle production, capacity utilization for motor vehicles and parts jumped 3.6 percentage points, to 85.3 percent, its highest level since January 1995. The operating rate at utilities, which had risen over June and July to 94.6 percent, fell back to 93.1 percent. The operating rate for mining rose for a second month, to 81.7 percent. With the continuing recovery in oil and gas well drilling as well as a further increase in coal mining, mining production increased 0.6 percent in August after a 0.9 percent gain in July. Revision of Industrial Production and Capacity Utilization In November the Federal Reserve Board will publish revisions to its measures of industrial production (IP), capacity, capacity utilization, and industrial use of electric power. The revisions will begin with 1992 and will incorporate updated source data for more recent years. This regular updating of source data for IP will include some annual data from the Bureau of the Census’s 1997 Census of Manufactures and from selected editions of its 1998 Current Industrial Reports. Annual data from the U.S. Geological Survey on metallic and nonmetallic minerals (except fuels) for 1997 and 1998 will also be introduced. The updating will include revisions to the monthly indicator for each industry (either physical product data, production-worker hours, or electric power usage) and revised seasonal factors. In addition, the revision will introduce improved measures of production for selected series. Capacity and capacity utilization will be revised to incorporate preliminary data from the 1998 Survey of Plant Capacity of the Bureau of the Census. The statistics on the industrial use of electric power will incorporate additional information received from utilities for the past few years and may include some data from the 1997 Census of Manufactures. Once the revision is published, it will also be made available on the IP area of the Board’s web site, http://www.federalreserve.gov/releases/g17, and on diskettes from Publications Services (telephone 202-452-3245). The revised data will also be available through the STAT-USA web site of the Department of Commerce (http://www.stat-usa.gov). Further information on these revisions is available from the Board’s Industrial Output Section (telephone 202-452-3197). 2 Industrial Production and Capacity Utilization (August data, seasonally adjusted) Ratio scale, 1992=100 Percent of capacity Industrial Production Capacity Utilization 135 85 Total Industry 125 Manufacturing Total Industry 115 80 Manufacturing 105 95 75 1990 1995 2000 1988 1990 1992 1994 1996 1998 2000 Industrial Production, Market Groups Ratio scale, 1992=100 Ratio scale, 1992=100 Intermediate Products Consumer goods 135 135 125 125 Durable 115 115 Construction supplies 105 105 Nondurable Business supplies 95 95 85 85 1990 1995 2000 1990 1995 Ratio scale, 1992=100 175 160 2000 Ratio scale, 1992=100 Equipment Materials 175 160 145 145 130 130 Durable goods Business 115 115 100 100 Nondurable goods and energy 85 85 Defense and Space 70 70 1990 1995 2000 3 1990 1995 2000 Table 1A INDUSTRIAL PRODUCTION: MARKET GROUPS Index, 1992=100 1998 IP Proportion1 Seasonally Adjusted 1999 Mar. 100.00 Not seasonally adjusted Apr. Mayr Juner Julyr Aug.p 1999 Mar. Apr. Mayr Juner Julyr Aug.p 133.3 133.7 134.0 134.2 135.2 135.6 133.6 132.2 132.3 137.1 133.2 139.5 61.26 46.12 125.2 126.5 125.6 126.8 125.8 127.2 125.6 127.1 126.0 127.4 126.4 128.2 123.7 126.2 123.4 124.7 123.6 125.0 127.7 129.0 125.1 125.1 131.2 132.8 Consumer goods Durable Automotive products Autos and trucks Autos Trucks Auto parts and allied goods Other durable goods Appliances and electronics Appliances and air cond. Home electronics Carpeting and furniture Miscellaneous Nondurable Nonenergy Foods and tobacco Clothing Chemical products Paper products Energy products Fuels Utilities 27.67 6.01 2.66 1.58 .54 1.04 1.08 3.36 .95 .48 .46 .84 1.57 21.66 18.90 9.68 1.81 4.59 2.83 2.76 .94 1.82 115.3 142.2 138.4 147.5 110.8 182.5 125.3 145.0 241.7 132.6 427.2 117.8 115.5 108.8 107.9 109.6 92.3 117.3 99.5 115.3 110.5 117.2 115.5 144.9 140.9 150.1 112.8 185.7 127.7 147.9 251.5 138.5 443.4 119.0 116.7 108.5 107.7 109.0 92.9 116.8 100.4 114.0 112.0 114.4 115.6 146.7 144.8 154.6 108.8 197.2 130.7 147.9 248.0 131.8 450.3 120.3 117.3 108.3 107.5 108.4 91.5 117.4 101.0 113.5 111.5 114.0 115.9 147.7 146.8 158.8 112.4 202.0 129.8 148.0 251.2 132.2 460.0 121.2 115.9 108.3 107.4 107.9 91.3 117.5 102.4 114.9 110.1 116.9 115.7 146.2 140.1 146.7 107.2 184.0 130.0 151.0 262.9 138.7 480.2 125.1 115.5 108.4 107.0 107.1 89.9 117.7 102.9 118.4 113.9 120.1 116.6 150.9 151.5 166.7 115.9 213.6 130.3 150.1 260.0 134.8 482.6 123.8 115.5 108.4 107.2 106.8 88.9 119.1 104.0 117.2 114.3 118.1 114.9 151.2 152.2 168.9 124.4 211.0 128.9 150.0 245.0 145.9 400.8 118.9 122.2 106.4 104.4 106.1 89.8 110.6 99.8 120.3 105.4 127.4 112.9 150.5 146.4 157.1 116.2 195.8 131.2 153.5 251.7 144.2 427.3 124.0 123.7 104.0 104.1 105.1 91.3 109.4 101.4 103.9 111.4 99.4 112.9 150.9 151.2 166.6 117.4 212.3 129.8 150.3 245.4 133.4 436.6 117.0 123.6 104.0 105.1 105.9 92.3 112.8 100.2 96.5 112.9 87.3 117.3 149.1 150.2 163.0 121.1 202.8 132.3 147.9 258.8 138.3 467.0 124.2 111.2 109.7 110.7 111.7 95.6 122.2 101.4 103.1 112.6 97.5 114.2 126.2 106.3 88.7 67.5 109.3 127.0 142.8 253.7 124.4 495.2 121.4 105.6 111.0 109.9 108.5 90.0 128.0 102.4 119.1 115.5 120.3 121.6 151.9 154.5 170.8 120.4 217.4 131.9 149.4 261.5 125.9 518.5 129.5 110.3 114.3 114.4 114.5 93.7 130.8 104.6 114.1 115.4 112.9 Equipment, total Business equipment Information processing & related Computer and office Industrial Transit Autos and trucks Other Defense and space equipment Oil and gas well drilling Manufactured homes 18.45 15.36 5.92 1.38 4.81 3.16 1.24 1.47 2.07 .78 .24 146.7 169.3 226.6 824.8 138.5 137.2 135.0 142.8 74.9 104.2 152.8 147.2 170.6 232.6 852.8 139.4 137.3 137.9 135.7 74.5 97.2 148.0 148.0 171.4 240.1 870.1 137.2 135.9 137.7 133.3 74.8 100.3 145.2 147.3 170.8 240.7 890.2 136.8 134.6 139.2 129.9 73.9 100.4 142.8 148.6 172.3 248.7 918.7 137.3 132.9 138.5 126.1 74.2 103.1 141.8 149.1 172.7 250.5 946.2 136.0 132.7 143.2 129.6 74.2 108.2 141.8 146.9 169.4 219.2 766.7 139.0 145.2 150.9 143.5 75.4 98.6 155.0 146.5 169.3 227.7 827.2 137.4 140.4 143.9 135.1 74.4 97.3 157.6 147.1 170.1 233.4 845.0 135.8 140.3 147.1 133.2 74.0 99.7 151.8 150.5 174.8 245.4 922.0 139.6 139.3 147.4 132.2 73.5 100.8 153.8 145.0 167.6 256.0 989.4 135.3 111.7 91.3 121.0 72.5 105.0 131.8 153.2 177.8 260.5 1010 139.8 133.6 147.2 134.3 73.7 109.6 156.8 15.13 6.06 9.07 121.0 131.7 114.7 121.5 132.0 115.2 121.4 132.1 115.0 121.0 131.4 114.9 121.5 132.8 114.8 121.0 131.9 114.6 116.6 127.2 110.3 119.3 130.9 112.4 119.4 133.3 111.2 124.0 138.6 115.3 124.9 135.8 118.5 126.4 138.4 119.4 38.74 146.7 146.9 147.3 148.2 150.4 150.8 150.1 146.8 146.6 152.5 146.4 153.0 Item Total index Products, total Final products Intermediate products Construction supplies Business supplies Materials Durable Consumer parts Equipment parts Semiconductors, printed circuit boards, and oth. elec. comps. Other Basic metals Nondurable Textile Paper Chemical Other Energy Primary Converted fuel 23.55 4.42 8.64 182.6 147.7 297.0 183.3 145.7 302.5 184.0 145.5 305.5 185.6 147.0 309.7 189.6 152.5 318.8 190.6 151.2 323.5 188.6 158.4 313.0 183.2 152.9 294.5 183.4 150.7 298.1 192.6 154.3 325.8 181.0 126.2 309.2 193.6 155.6 324.4 2.98 10.50 3.35 8.48 .91 1.80 3.92 1.86 6.71 4.28 2.43 997.1 130.2 118.4 113.0 101.8 116.9 113.7 113.1 103.4 100.4 109.2 1037 130.0 119.2 112.7 103.1 116.3 113.7 112.0 103.4 98.7 112.4 1064 130.0 118.6 112.9 102.7 114.6 114.3 113.6 103.1 99.3 110.5 1103 130.5 119.9 113.6 102.3 118.5 114.6 112.2 103.0 101.0 107.1 1167 131.7 122.2 113.3 102.5 116.9 114.0 113.8 104.4 102.5 108.1 1209 132.0 122.3 113.3 102.2 117.5 114.3 112.7 104.0 102.1 107.8 1122 129.6 121.1 113.8 102.8 117.3 114.8 113.6 103.7 101.5 108.2 957.8 129.9 121.2 114.8 105.6 116.6 116.6 113.6 99.9 97.2 105.3 994.0 129.6 119.0 112.8 106.0 113.6 114.6 111.4 100.9 98.3 106.1 1208 132.8 120.7 114.9 103.6 119.0 115.4 115.5 103.7 102.0 107.4 1048 130.7 118.5 111.9 96.3 116.9 113.4 111.6 105.7 101.7 113.4 1174 134.3 120.2 113.3 104.4 118.1 113.5 112.6 105.8 102.1 112.9 SPECIAL AGGREGATES Total excluding: Autos and trucks Motor vehicles and parts Computers Computers and semiconductors2 97.18 94.86 97.75 94.29 133.2 132.6 128.2 118.9 133.4 132.9 128.4 118.9 133.6 133.2 128.6 119.0 133.8 133.3 128.8 118.9 135.0 134.3 129.6 119.6 135.1 134.4 130.0 119.7 132.9 131.9 128.8 118.7 131.7 130.9 127.1 117.8 131.5 130.8 127.0 117.6 136.5 135.8 131.4 120.8 134.5 134.7 127.4 117.5 138.9 138.1 133.5 122.9 Consumer goods excluding: Autos and trucks Energy 26.09 24.91 113.6 115.3 113.7 115.7 113.6 115.9 113.7 116.0 114.0 115.4 114.0 116.5 112.1 114.3 110.6 113.9 110.2 114.8 114.9 118.9 115.3 113.7 119.0 122.4 Business equipment excluding: Autos and trucks Computer and office equipment 14.11 13.98 173.1 144.0 174.3 144.7 175.2 145.1 174.3 144.1 176.1 145.0 176.0 144.9 171.3 145.3 172.0 143.8 172.6 144.3 177.7 147.0 176.5 139.2 181.2 148.4 Materials excluding: Energy 32.03 160.2 160.6 161.1 162.4 164.9 165.5 164.7 161.6 161.0 167.8 159.2 167.8 1. The IP proportion data are estimates of the industries’ relative contributions to overall IP growth in the following year. 2. Semiconductors include related electronic components. 4 Table 1B INDUSTRIAL PRODUCTION: MARKET GROUPS Percent change Item 1997 Q4 to 1998 Q4 Seasonally adjusted annual rate 1998 1999 Q3 Q4 Q1 Q2r Seasonally adjusted 1999 Mayr Juner Julyr Aug.p Not seasonally adjusted 1999 Mayr Juner Julyr Aug.p Aug. 98 to Aug. 99 Total index 1.9 .9 2.2 1.3 3.8 .2 .2 .7 .3 .0 3.6 –2.8 4.7 2.5 Products, total Final products 2.1 2.0 .2 –.8 1.5 1.3 .6 –.5 2.9 3.1 .2 .3 –.1 –.1 .3 .2 .4 .6 .2 .2 3.4 3.2 –2.1 –3.0 4.8 6.1 1.2 1.1 –.4 4.9 3.9 3.1 .7 5.0 6.0 5.6 19.5 11.3 27.8 3.6 –1.2 –1.8 –1.6 .6 –5.7 –2.4 –4.7 –3.4 –.6 –4.9 –3.9 –3.6 –7.6 –14.3 26.9 –30.5 4.4 –.8 14.6 6.3 22.9 –2.0 –8.2 –3.9 –6.6 –7.6 –5.7 –9.7 1.9 16.1 –.7 25.3 .1 18.0 41.9 77.5 27.6 112.4 2.5 1.9 25.5 17.1 34.7 5.1 –12.3 –4.4 –.6 5.6 –11.3 –4.4 –7.3 –26.9 –7.2 –35.2 .9 7.6 .0 –1.2 –18.6 8.8 1.7 14.3 33.0 11.0 58.4 8.1 6.4 –.9 –2.6 3.0 –8.5 –5.7 –12.6 11.4 11.4 11.4 1.6 12.0 12.0 16.5 2.9 23.3 5.3 12.1 23.1 –3.0 51.7 –1.3 12.4 –1.4 –2.4 –5.3 –3.7 1.9 1.8 5.9 –3.0 10.8 .1 1.2 2.8 3.0 –3.6 6.2 2.3 .0 –1.4 –4.8 1.5 1.1 .5 –.2 –.2 –.5 –1.5 .6 .6 –.4 –.4 –.4 .2 .7 1.4 2.7 3.3 2.4 –.6 .1 1.3 .3 2.2 .8 –1.1 .1 –.1 –.5 –.2 .0 1.4 1.3 –1.2 2.6 –.2 –1.0 –4.6 –7.6 –4.6 –8.9 .2 2.0 4.6 4.9 4.4 3.2 –.4 .1 –.4 –.7 –1.6 .2 .5 3.0 3.5 2.7 .8 3.2 8.1 13.7 8.1 16.1 .2 –.6 –1.1 –2.8 .5 –1.0 .0 .0 .2 –.3 –1.0 1.2 1.1 –1.0 .4 –1.7 .0 .2 3.3 6.0 1.0 8.4 –1.1 –2.1 –2.5 –7.4 2.2 –5.6 –.1 .0 1.0 .7 1.1 3.1 –1.1 –7.2 1.4 –12.2 3.9 –1.1 –.6 –2.1 3.1 –4.5 1.9 –1.6 5.4 3.7 7.0 6.2 –10.0 5.5 5.3 5.5 3.6 8.3 1.2 6.8 –.3 11.6 –2.6 –15.4 –29.3 –45.6 –44.3 –46.1 –4.0 –3.4 –2.0 –10.0 6.0 –2.3 –5.1 1.2 –.7 –2.9 –5.9 4.8 1.0 15.5 2.6 23.5 6.4 20.4 45.4 92.5 78.5 98.9 3.8 4.6 3.1 1.2 4.7 6.7 4.4 3.0 4.1 5.6 4.1 2.1 2.1 –4.1 –.1 –6.2 .4 7.7 6.9 10.1 –6.8 19.4 2.1 8.4 24.2 4.8 45.4 6.1 .2 –1.7 –1.6 –.7 –9.0 .1 –2.4 –2.4 2.0 –4.6 5.7 8.3 14.4 54.7 1.5 12.1 5.2 –1.4 –.2 –25.3 9.1 4.0 7.2 11.0 38.8 5.4 6.5 8.1 –1.8 .8 –37.8 1.3 3.2 6.2 11.2 46.4 –2.9 19.1 58.4 –8.2 –2.4 –39.6 16.8 –2.6 –.7 7.1 33.7 –6.1 –8.4 –5.3 3.3 –4.6 –37.1 3.5 5.3 7.1 27.9 43.1 –2.8 –4.6 12.2 –14.3 –1.5 –3.7 –23.4 .5 .5 3.2 2.0 –1.6 –1.0 –.1 –1.8 .5 3.1 –1.9 –.5 –.4 .2 2.3 –.3 –.9 1.1 –2.6 –1.2 .1 –1.7 .9 .9 3.3 3.2 .3 –1.3 –.5 –2.9 .3 2.7 –.7 .4 .2 .7 3.0 –.9 –.2 3.4 2.8 .1 4.9 .0 .4 .5 2.5 2.2 –1.2 –.1 2.2 –1.4 –.5 2.5 –3.7 2.3 2.7 5.1 9.1 2.8 –.7 .2 –.8 –.7 1.2 1.3 –3.7 –4.1 4.3 7.3 –3.1 –19.8 –38.0 –8.4 –1.4 4.2 –14.3 5.7 6.1 1.7 2.1 3.3 19.6 61.2 11.0 1.6 4.3 19.0 2.1 3.7 17.6 40.9 –4.4 –6.3 4.6 –2.3 –2.9 –15.3 –2.6 2.4 5.1 .7 3.4 5.6 2.0 1.8 5.9 –.8 3.9 8.3 1.0 2.5 –1.3 5.2 –.1 .0 –.2 –.3 –.6 –.1 .4 1.1 –.1 –.4 –.6 –.2 .1 1.8 –1.1 3.8 4.0 3.7 .8 –2.0 2.8 1.2 1.9 .7 1.6 3.0 .7 1.6 2.0 3.5 2.3 5.2 .2 .6 1.5 .3 –.1 4.0 –4.0 4.5 4.5 3.8 –1.5 11.9 4.2 2.6 14.8 9.5 9.3 17.7 2.7 –1.5 6.2 7.7 3.0 16.9 .4 –.2 1.0 .9 1.0 1.4 2.2 3.8 2.9 .5 –.8 1.5 .1 –1.4 1.2 5.0 2.4 9.3 –6.0 –18.3 –5.1 7.0 23.3 4.9 7.4 1.1 16.4 29.7 –.8 –5.7 –2.8 –7.2 –2.6 –3.7 1.3 –.7 .1 –2.2 45.6 –4.1 –6.7 –3.8 –7.4 –.4 –7.3 2.5 1.9 3.0 .1 61.2 3.1 –9.1 –3.2 –12.9 –6.2 –2.7 3.8 –8.1 –4.7 –13.8 18.9 1.6 1.2 2.1 –15.0 7.5 3.4 2.9 1.0 –1.0 4.7 43.7 2.0 5.5 1.3 8.6 .1 2.5 –3.0 1.2 –3.9 10.5 2.6 .1 –.5 .2 –.3 –1.5 .5 1.4 –.3 .6 –1.7 3.7 .3 1.0 .5 –.5 3.4 .3 –1.2 –.1 1.7 –3.1 5.9 .9 1.9 –.2 .2 –1.4 –.6 1.4 1.3 1.5 1.0 3.6 .3 .1 .0 –.3 .5 .3 –1.0 –.3 –.4 –.3 3.8 –.2 –1.8 –1.7 .4 –2.6 –1.8 –1.9 1.0 1.1 .8 21.5 2.4 1.5 1.9 –2.3 4.7 .7 3.6 2.8 3.7 1.2 –13.2 –1.6 –1.8 –2.6 –7.0 –1.7 –1.7 –3.3 1.9 –.2 5.6 12.0 2.8 1.4 1.2 8.3 1.0 .1 .8 .1 .4 –.4 46.5 2.9 .4 .2 –5.1 .9 .6 .9 –.4 .8 –2.6 SPECIAL AGGREGATE Total excluding: Autos and trucks Motor vehicles and parts Computers Computers and semiconductors1 1.8 1.9 .9 –.1 1.1 .6 .1 –1.2 .7 .6 1.3 –.3 1.4 1.5 .5 –.1 3.5 3.4 2.8 1.4 .1 .2 .1 .0 .1 .1 .1 .0 .9 .8 .7 .5 .1 .1 .2 .1 –.1 .0 .0 –.2 3.8 3.8 3.5 2.8 –1.5 –.8 –3.1 –2.7 3.3 2.5 4.8 4.6 2.3 2.4 1.6 .2 Consumer goods excluding: Autos and trucks Energy –.6 .0 –3.2 –5.9 –3.4 3.7 1.1 –.1 .6 1.1 –.1 .2 .0 .1 .3 –.5 .0 1.0 –.4 .8 4.3 3.6 .3 –4.4 3.2 7.7 –.2 .7 Business equipment excluding: Autos and trucks Computer and office equipment 8.5 4.2 7.0 4.2 2.5 2.7 –.3 –4.1 6.6 3.3 .5 .3 –.5 –.7 1.1 .7 –.1 –.1 .3 .3 3.0 1.9 –.7 –5.3 2.6 6.6 3.6 .1 Materials excluding: Energy 2.0 1.9 6.0 2.6 6.0 .3 .8 1.5 .4 –.4 4.2 –5.1 5.4 5.5 Consumer goods Durable Automotive products Autos and trucks Autos Trucks Auto parts and allied goods Other durable goods Appliances and electronics Appliances and air cond. Home electronics Carpeting and furniture Miscellaneous Nondurable Nonenergy Foods and tobacco Clothing Chemical products Paper products Energy products Fuels Utilities Equipment, total Business equipment Information processing & related Computer and office Industrial Transit Autos and trucks Other Defense and space equipment Oil and gas well drilling Manufactured homes Intermediate products Construction supplies Business supplies Materials Durable Consumer parts Equipment parts Semiconductors, printed circuit boards, and oth. elec. comps. Other Basic metals Nondurable Textile Paper Chemical Other Energy Primary Converted fuel Note—Percent changes shown in the first and last columns are based on seasonally adjusted data. 1. Semiconductors include related electronic components. 5 Table 2A INDUSTRIAL PRODUCTION: INDUSTRY GROUPS Index, 1992=100 1998 IP SIC Proportion1 Item Total index Manufacturing Primary processing Advanced processing Durable Lumber and products Furniture and fixtures Stone, clay, and glass products 24 25 32 Seasonally Adjusted 1999 Mar. 100.00 Not seasonally adjusted Apr. Mayr Juner Julyr Aug.p 1999 Mar. Apr. Mayr Juner Julyr Aug.p 133.3 133.7 134.0 134.2 135.2 135.6 133.6 132.2 132.3 137.1 133.2 139.5 88.55 137.5 138.0 138.4 138.5 139.3 139.9 137.9 137.4 137.6 142.2 136.7 144.2 27.97 60.59 121.7 145.4 121.7 146.2 121.8 146.7 121.9 146.8 122.7 147.7 122.7 148.7 121.3 146.1 122.2 144.7 121.6 145.3 124.2 151.1 121.4 144.1 124.4 154.1 49.28 2.12 1.41 2.43 163.1 120.7 126.1 131.1 164.1 120.4 123.6 128.8 165.0 122.9 123.5 128.3 165.6 121.6 124.6 128.4 167.7 122.2 126.0 129.5 168.9 120.8 126.2 129.9 166.7 119.7 122.6 127.2 164.2 120.8 122.0 128.6 164.8 121.7 121.0 128.9 170.5 126.3 126.5 133.0 160.0 120.7 125.3 131.4 172.3 125.1 134.9 135.5 3.60 1.91 .09 1.69 5.55 122.0 117.1 109.1 127.9 127.5 122.4 118.9 110.5 126.6 127.6 122.8 119.6 113.4 126.5 126.9 125.1 122.6 110.9 128.2 127.8 127.4 125.6 112.6 129.6 128.5 127.9 126.3 115.2 129.9 128.3 125.5 120.4 113.4 131.7 125.9 125.1 122.4 113.2 128.5 125.1 123.5 120.3 114.0 127.2 125.6 126.1 123.7 111.1 129.0 129.8 122.2 121.3 106.9 123.3 128.1 125.2 122.3 111.5 128.6 131.3 Primary metals 33 Iron and steel 331,2 Raw steel Nonferrous 333–6,9 Fabricated metal products 34 Industrial machinery and equipment 35 Computer and office equip. 357 Electrical machinery 36 Semiconductors and related electronic components 3672–9 9.98 2.25 8.56 217.6 828.3 313.1 219.5 859.3 322.2 219.3 878.6 326.9 219.8 898.1 331.5 221.2 927.5 346.2 223.6 955.0 350.2 218.7 769.8 329.8 220.4 833.4 312.3 219.8 853.1 317.2 225.2 930.1 348.0 220.7 998.8 333.7 228.6 1020 355.2 3.46 822.7 852.1 872.4 900.5 947.6 978.0 921.2 800.7 828.6 986.6 870.1 963.3 Transportation equipment Motor vehicles and parts Autos and light trucks Aerospace and misc. Instruments Miscellaneous 372–6,9 38 39 9.43 5.14 2.55 4.30 4.88 1.32 125.5 149.2 136.3 102.4 114.6 116.7 124.9 149.4 138.7 101.1 115.6 118.2 125.1 150.7 141.4 100.3 117.9 119.4 125.7 153.1 145.3 99.3 116.0 118.4 125.4 153.0 134.9 98.8 117.0 119.0 127.9 159.8 152.2 97.5 116.0 119.7 134.8 167.7 155.6 103.4 113.2 116.8 129.6 158.7 144.9 101.8 113.9 117.9 130.0 161.1 152.4 100.3 115.4 118.5 130.2 162.0 150.4 100.0 117.8 118.9 100.7 103.2 82.2 96.5 118.8 115.7 130.0 165.7 156.3 96.3 118.9 120.2 20 21 22 23 26 39.28 9.00 1.29 1.56 1.73 3.50 111.7 111.4 97.3 109.0 93.3 116.5 111.8 111.4 96.0 111.4 94.0 114.6 111.7 110.8 97.2 111.0 93.1 114.2 111.3 110.1 96.3 111.1 92.3 115.9 111.1 109.0 97.8 112.3 91.3 115.1 111.2 108.8 96.2 111.1 89.8 115.8 109.0 106.6 104.5 108.4 92.0 116.8 110.2 107.5 92.2 115.2 92.1 115.7 110.0 108.5 91.0 113.4 93.0 112.4 113.7 112.4 106.4 116.6 94.1 116.9 112.6 111.9 84.3 109.8 89.7 115.0 115.8 115.6 103.7 115.8 92.7 116.6 27 28 29 30 31 6.79 9.78 1.59 3.83 .21 103.7 115.1 113.1 135.4 70.7 104.3 115.1 114.3 136.2 70.3 104.2 115.4 113.0 137.6 70.6 104.1 114.7 111.3 136.5 70.6 103.9 114.1 114.6 138.3 70.2 104.4 115.2 113.8 137.9 68.2 99.4 112.6 105.6 136.1 71.0 103.5 113.3 112.5 136.1 70.9 101.6 113.7 115.0 137.3 71.4 104.5 117.5 116.1 138.6 72.6 106.9 118.8 119.6 133.5 67.5 108.7 120.2 119.1 139.1 69.3 10 12 13 14 5.19 .36 .82 3.38 .64 98.9 104.1 103.4 93.3 129.1 98.3 105.2 106.8 91.8 126.7 97.9 98.6 106.1 92.4 124.1 97.7 93.1 106.5 93.0 121.6 98.6 94.3 109.6 93.6 121.1 99.2 92.2 110.6 94.5 120.8 96.4 103.5 107.5 92.7 105.7 97.6 103.5 106.3 91.8 124.7 98.0 98.6 103.4 91.9 136.1 99.3 96.4 107.0 92.4 141.5 98.9 94.7 102.6 92.9 141.6 101.0 94.0 111.9 93.6 144.1 6.25 5.28 .97 116.7 118.9 106.9 115.8 118.2 104.5 115.4 117.8 104.3 117.6 120.2 105.7 120.4 123.7 105.0 118.4 121.2 105.6 118.9 113.3 150.0 104.9 105.5 106.5 103.1 109.2 78.0 112.4 124.2 61.2 125.0 140.0 58.6 120.7 135.1 57.2 Computers, communications eq. and semiconductors2 7.81 597.8 620.1 636.7 652.3 684.1 700.8 617.7 598.6 614.9 688.3 676.9 716.4 Manufacturing excluding: Motor vehicles and parts Computer and office equipment Computers and semiconductors2 Computers, communications eq. and semiconductors2 83.41 86.30 82.84 136.8 131.5 120.7 137.4 131.9 120.8 137.7 132.2 120.9 137.6 132.2 120.7 138.6 132.9 121.1 138.8 133.4 121.4 136.1 132.3 120.5 136.1 131.4 120.5 136.1 131.5 120.4 141.0 135.7 123.3 138.7 130.0 118.5 142.9 137.3 124.9 80.74 119.0 119.0 119.0 118.7 119.0 119.3 118.9 118.8 118.6 121.4 116.5 122.8 12.6 5.6 7.1 6.6 0.4 12.9 5.7 7.2 6.7 0.4 13.1 5.5 7.6 7.2 0.4 13.4 5.6 7.7 7.3 0.4 12.5 5.4 7.2 6.7 0.5 13.9 5.8 8.1 7.7 0.4 15.3 6.7 8.6 8.1 0.5 13.6 5.9 7.7 7.2 0.5 13.6 5.7 7.9 7.5 0.4 14.1 6.2 7.9 7.5 0.5 7.8 3.4 4.4 4.0 0.4 14.5 6.1 8.4 8.0 0.4 37 371 Nondurable Foods Tobacco products Textile mill products Apparel products Paper and products Printing and publishing Chemicals and products Petroleum products Rubber and plastics products Leather and products Mining Metal mining Coal mining Oil and gas extraction Stone and earth minerals Utilities Electric Gas 492,3pt 491,3pt SPECIAL AGGREGATES Memo: Motor vehicle assemblies3 Total Autos Trucks Light Heavy and medium 1. The IP proportion data are estimates of the industries’ relative contributions to overall IP growth in the following year. 2. Semiconductors include related electronic components. 3. Millions of units at an annual rate. Note—Primary processing manufacturing includes textile mill products, paper and products, industrial chemicals, synthetic materials, and fertilizers, petroleum products, rubber and plastics products, lumber and products, primary metals, fabricated metals, and stone, clay, and glass products. Advanced processing manufacturing includes foods, tobacco products, apparel products, printing and publishing, chemical products and other agricultural chemicals, leather and products, furniture and fixtures, industrial machinery and equipment, electrical machinery, transportation equipment, instruments, and miscellaneous manufactures. 6 Table 2B INDUSTRIAL PRODUCTION: INDUSTRY GROUPS Percent change Item SIC 1997 Q4 to 1998 Q4 Seasonally adjusted annual rate 1998 1999 Q3 Q4 Q1 Q2r Seasonally adjusted 1999 Mayr Juner Julyr Aug.p Not seasonally adjusted 1999 Mayr Juner Julyr Aug.p Aug. 98 to Aug. 99 Total index 1.9 .9 2.2 1.3 3.8 .2 .2 .7 .3 .0 3.6 –2.8 4.7 2.5 Manufacturing 2.5 .4 4.9 1.5 4.0 .3 .1 .6 .4 .1 3.4 –3.9 5.5 3.2 –.3 3.9 –2.8 1.9 1.2 6.6 3.8 .5 .3 5.7 .1 .3 .0 .1 .6 .6 .1 .6 –.5 .4 2.1 4.0 –2.3 –4.6 2.5 6.9 1.8 3.8 5.3 4.2 3.4 5.0 4.7 4.4 –1.2 7.8 8.6 5.4 9.6 12.7 2.1 8.2 2.4 6.7 7.2 .1 –1.6 –10.9 .5 2.1 –.1 –.4 .4 –1.1 1.0 .1 1.2 .5 1.1 .8 .7 –1.1 .1 .3 .4 .8 –.9 .2 3.5 3.7 4.6 3.2 –6.2 –4.4 –.9 –1.2 7.7 3.7 7.7 3.1 5.7 1.9 5.0 2.3 –7.1 –11.7 –12.9 –1.7 .6 –9.2 –16.0 –9.7 –.6 –4.2 –9.7 –18.2 –37.7 .5 3.2 3.8 9.5 14.0 –2.0 –1.5 10.4 18.0 16.5 2.6 .4 .3 .6 2.6 .0 –.5 1.9 2.4 –2.2 1.3 .7 1.8 2.5 1.5 1.1 .5 .4 .6 2.3 .2 –.1 –1.3 –1.7 .7 –1.0 .4 2.1 2.8 –2.5 1.3 3.3 –3.1 –2.0 –3.8 –4.4 –1.3 2.5 .9 4.3 4.3 2.5 2.8 3.1 –4.2 2.5 1.6 12.9 53.0 11.4 10.1 37.6 14.7 7.4 45.9 17.7 5.6 34.1 7.4 9.5 46.4 23.1 –.1 2.2 1.5 .2 2.2 1.4 .7 3.3 4.4 1.1 3.0 1.2 –.3 2.4 1.6 2.4 9.0 9.7 –2.0 7.4 –4.1 3.6 2.1 6.4 8.0 41.8 20.4 25.7 37.6 51.7 16.4 38.3 2.4 3.2 5.2 3.2 3.5 19.1 –11.8 10.7 40.2 372–6,9 38 39 3.1 .7 2.6 6.6 1.9 –3.4 3.7 5.7 –8.7 2.0 .8 –5.0 17.3 37.3 67.9 –3.0 3.4 –8.4 –6.1 –2.9 –4.2 –10.0 .1 2.2 .6 10.2 14.2 –10.7 8.0 10.4 .1 .9 2.0 –.8 2.0 1.0 .5 1.6 2.8 –1.0 –1.6 –.8 –.3 –.1 –7.2 –.5 .9 .5 2.0 4.4 12.8 –1.3 –.9 .6 .3 1.5 5.2 –1.5 1.3 .4 .2 .6 –1.4 –.4 2.1 .3 –22.7 –36.3 –45.3 –3.4 .9 –2.7 29.1 60.6 90.1 –.2 .0 3.9 –1.8 3.6 7.2 –8.8 2.7 1.7 20 21 22 23 26 –.9 1.8 –8.7 –2.9 –6.1 –1.2 –4.7 –6.5 –10.3 –4.0 –5.5 .2 .3 8.8 –18.1 –6.5 –12.0 –2.4 .7 5.2 –12.8 –1.9 –9.7 7.2 –.1 –4.1 –2.8 5.5 –2.1 –4.9 –.1 –.5 1.2 –.3 –.9 –.4 –.4 –.6 –.9 .1 –.9 1.5 –.1 –.9 1.5 1.1 –1.1 –.7 .1 –.2 –1.7 –1.1 –1.6 .6 –.2 .9 –1.4 –1.5 .9 –2.8 3.3 3.6 17.0 2.8 1.3 4.0 –1.0 –.5 –20.8 –5.8 –4.7 –1.7 2.8 3.4 23.1 5.5 3.3 1.4 –.1 .9 –10.1 –.6 –9.4 .4 27 28 29 30 31 –1.8 –2.3 1.5 3.4 –7.4 –2.1 –8.3 2.8 –1.2 –6.7 –.3 –1.6 –2.9 7.1 –4.6 –4.5 .2 13.1 1.6 –13.9 1.8 3.8 –8.4 4.3 –1.0 –.1 .3 –1.1 1.0 .4 –.1 –.6 –1.5 –.8 –.1 –.2 –.5 2.9 1.4 –.5 .5 .9 –.7 –.3 –2.9 –1.9 .3 2.2 .9 .8 2.9 3.4 1.0 1.0 1.6 2.4 1.1 2.9 –3.7 –7.0 1.7 1.1 –.4 4.2 2.7 –.5 .8 –.3 4.3 –7.8 10 12 13 14 –4.9 –1.2 3.0 –8.5 3.5 –6.1 –2.7 19.5 –12.0 –3.6 –10.8 14.9 –5.2 –17.7 7.2 –7.4 –11.4 –15.4 –7.6 7.9 –3.3 –28.3 –1.0 1.0 –11.3 –.4 –6.2 –.6 .6 –2.1 –.2 –5.6 .4 .6 –2.0 .9 1.2 2.9 .7 –.4 .6 –2.2 .9 1.0 –.2 .5 –4.7 –2.7 .1 9.1 1.3 –2.2 3.5 .5 4.0 –.4 –1.7 –4.1 .6 .1 2.1 –.8 9.1 .7 1.8 –4.4 –15.4 .8 –4.8 –2.8 491,3pt –1.1 1.4 –13.4 14.7 10.0 42.2 –20.5 –14.1 –47.7 4.8 –1.1 43.6 7.1 8.4 .8 –.4 –.4 –.2 2.0 2.1 1.3 2.3 2.9 –.6 –1.6 –2.0 .6 –1.8 3.6 –26.8 9.1 13.7 –21.5 11.2 12.7 –4.4 –3.4 –3.5 –2.4 –1.5 .0 –8.7 26.7 28.7 32.2 17.2 40.2 2.7 2.4 4.9 2.4 2.7 11.9 –1.7 5.8 34.1 2.6 1.4 .3 .1 –.5 –2.0 3.1 3.9 2.2 1.8 .7 .0 3.6 2.8 1.3 .2 .2 .1 .0 .0 –.2 .7 .5 .4 .2 .4 .2 .0 .1 –.1 3.6 3.2 2.4 –1.7 –4.2 –3.9 3.1 5.6 5.4 3.1 2.2 .7 .2 –2.3 2.4 –.1 .5 .0 –.2 .2 .2 –.1 2.4 –4.1 5.4 .3 Primary processing Advanced processing Durable Lumber and products Furniture and fixtures Stone, clay, and glass products 24 25 32 Primary metals 33 Iron and steel 331,2 Raw steel Nonferrous 333–6,9 Fabricated metal products 34 Industrial machinery and equipment 35 Computer and office equip. 357 Electrical machinery 36 Semiconductors and related electronic components 3672–9 Transportation equipment Motor vehicles and parts Autos and light trucks Aerospace and misc. Instruments Miscellaneous 37 371 Nondurable Foods Tobacco products Textile mill products Apparel products Paper and products Printing and publishing Chemicals and products Petroleum products Rubber and plastics products Leather and products Mining Metal mining Coal mining Oil and gas extraction Stone and earth minerals Utilities Electric Gas 492,3pt SPECIAL AGGREGATES Computers, communications eq. and semiconductors1 Manufacturing excluding: Motor vehicles and parts Computer and office equipment Computers and semiconductors1 Computers, communications eq. and semiconductors1 1. Semiconductors include related electronic components. Note—Percent changes shown in the first and last columns are based on seasonally adjusted data. 7 Table 3 CAPACITY UTILIZATION: MANUFACTURING, MINING, AND UTILITIES Percent of capacity, seasonally adjusted 1998 Proportion 19671998 Ave. 19781980 High 1982 Low 19881989 High 19901991 Low 19941995 High 1998 Aug. 1999 Mar. Apr. Mayr Juner Julyr Aug.p Total industry 100.00 82.1 87.3 71.1 85.4 78.1 84.7 82.0 80.5 80.4 80.4 80.3 80.7 80.8 Manufacturing 89.41 81.1 86.9 69.0 85.7 76.6 84.4 80.7 79.5 79.6 79.5 79.4 79.6 79.8 27.08 62.33 82.4 80.5 88.1 86.7 66.2 70.4 88.9 84.2 77.7 76.1 89.2 82.3 83.1 79.9 82.7 78.4 82.5 78.6 82.5 78.6 82.4 78.4 82.8 78.6 82.7 78.9 50.51 2.11 1.46 2.40 79.5 82.5 81.3 78.3 87.7 87.9 85.5 88.0 63.9 60.8 68.9 64.3 84.6 93.6 86.6 83.5 73.1 75.5 72.5 69.7 84.1 88.0 84.3 83.3 80.9 82.3 77.1 82.2 79.4 82.5 80.2 84.3 79.5 82.1 78.5 82.6 79.5 83.6 78.3 82.1 79.5 82.5 78.9 82.0 80.2 82.6 79.6 82.4 80.5 81.5 79.6 82.4 3.33 1.83 .09 1.50 .05 .11 81.3 81.2 81.0 81.5 75.6 88.4 94.2 95.8 95.8 91.1 81.5 97.6 45.1 37.0 35.2 60.1 42.1 58.6 92.7 95.2 92.7 89.3 86.3 100.4 73.7 71.8 71.5 74.2 73.5 97.3 93.8 96.4 98.7 91.2 102.4 83.7 86.9 84.7 86.3 89.7 89.3 89.7 83.8 79.0 75.9 89.9 77.6 89.2 83.9 80.0 76.8 88.9 79.6 89.3 84.1 80.4 78.7 88.9 72.5 89.5 85.6 82.3 76.9 90.0 70.1 89.7 87.1 84.2 78.0 90.9 70.1 89.8 87.4 84.6 79.7 91.1 Item SIC Primary processing Advanced processing Durable Lumber and products Furniture and fixtures Stone, clay, and glass products Primary metals Iron and steel Raw steel Nonferrous Primary copper Primary aluminum 24 25 32 33 331,2 333–6,9 3331 3334 Fabricated metal products 34 Industrial machinery and equipment 35 Computer and office equip. 357 Electrical machinery 36 Semiconductors and related electronic components 3672–9 5.86 78.0 83.9 63.7 82.0 71.9 85.5 75.8 75.4 75.4 75.0 75.6 76.0 75.9 9.77 2.46 9.49 81.4 81.2 81.0 93.2 92.6 89.4 64.0 65.5 71.6 85.4 86.9 84.0 72.3 66.9 75.0 87.5 86.8 90.2 85.2 82.1 76.2 83.0 78.0 75.3 82.9 78.6 76.7 82.1 78.2 76.9 81.6 77.8 77.2 81.6 78.4 79.9 81.9 78.7 80.1 4.09 80.0 91.6 75.7 81.1 75.6 95.2 75.7 76.8 77.9 78.1 79.0 81.6 82.6 Transportation equipment Motor vehicles and parts Autos and light trucks1 Aerospace and misc. Instruments Miscellaneous 75.9 76.8 372–6,9 38 39 9.77 5.53 2.58 4.24 4.95 1.38 75.2 81.6 75.7 84.8 95.0 94.6 81.9 92.7 79.4 57.2 45.5 40.6 66.6 78.4 65.4 85.8 89.1 92.3 87.3 81.4 79.0 68.5 55.9 53.3 79.2 77.2 71.7 77.9 87.9 92.5 69.1 77.5 79.7 83.3 83.4 90.2 83.5 80.1 77.6 79.5 79.8 85.8 79.5 79.9 76.1 79.1 79.9 87.4 78.5 80.4 77.0 79.2 80.6 89.2 77.9 81.8 77.6 79.6 81.8 91.9 77.2 80.3 76.8 79.4 81.7 85.4 76.8 80.7 77.1 81.0 85.3 96.4 75.9 79.8 77.4 20 22 23 26 261–3 27 38.90 8.95 1.54 1.90 3.24 1.27 6.64 83.4 83.0 85.6 80.9 89.1 92.4 85.7 87.5 84.6 91.2 87.5 96.1 98.3 93.9 76.4 79.1 72.3 77.5 80.6 82.0 82.0 87.3 85.4 90.4 85.1 93.5 98.0 91.7 80.7 82.7 77.7 75.5 85.0 89.9 79.6 84.8 84.4 93.0 85.5 93.0 97.0 82.2 80.9 80.0 82.8 74.2 87.0 92.6 81.7 80.2 81.3 80.8 70.3 86.6 92.3 79.6 80.2 81.1 82.6 70.9 85.1 92.2 80.0 80.0 80.5 82.4 70.4 84.6 90.8 79.9 79.6 79.9 82.6 69.8 85.7 92.6 79.8 79.5 79.1 83.6 69.2 84.9 91.9 79.6 79.5 78.8 82.8 68.2 85.2 Chemicals and products 28 Plastics materials 2821 Synthetic fibers 2823,4 Petroleum products 29 Rubber and plastics products 30 Leather and products 31 10.16 .73 .33 1.33 3.69 .26 79.5 86.7 85.0 86.9 84.5 80.3 84.6 90.9 98.6 90.0 91.2 92.1 69.9 63.4 64.4 66.8 72.7 75.8 86.2 97.0 99.7 88.5 89.6 83.3 79.3 74.8 77.6 85.1 77.4 76.1 80.4 102.7 90.3 93.1 91.0 85.4 76.7 92.9 85.0 97.7 83.7 62.8 76.5 89.4 84.0 96.2 83.4 60.7 76.4 90.0 84.8 97.2 83.5 60.7 76.5 90.4 83.4 96.0 84.0 61.3 76.0 89.5 86.9 94.5 82.9 61.7 75.5 76.2 83.5 97.2 83.7 61.9 96.4 83.1 60.5 10 12 13 138 14 4.98 .33 .80 3.25 .84 .60 87.5 79.4 86.6 88.5 74.3 84.8 96.0 87.9 99.4 97.3 104.3 92.7 80.3 44.4 76.6 82.3 50.9 63.3 88.0 89.4 91.5 88.2 69.3 89.0 87.0 79.9 83.4 88.7 60.0 79.4 88.9 89.4 90.8 89.5 73.8 91.6 86.3 88.9 84.7 86.4 71.7 85.1 81.8 84.8 79.0 80.9 58.1 86.2 81.1 85.7 81.5 79.6 54.3 84.3 80.8 80.3 80.8 80.1 56.1 82.3 80.5 75.8 81.0 80.6 56.2 80.4 81.2 76.7 83.2 81.1 57.8 79.8 81.7 74.9 83.8 82.0 60.8 79.4 491,3pt 5.60 4.53 1.07 87.4 89.4 82.1 89.1 88.2 93.7 75.9 78.9 69.1 92.6 95.0 85.0 83.4 87.1 67.1 93.6 96.3 87.8 95.1 97.8 84.0 91.9 95.4 77.0 91.1 94.9 75.1 90.8 94.5 74.9 92.5 96.4 75.8 94.6 99.1 75.2 93.1 97.1 75.6 8.90 80.3 90.9 77.3 81.9 72.4 89.7 77.1 75.1 76.3 76.9 77.2 79.6 80.2 80.51 81.2 87.0 68.0 86.1 76.8 83.9 81.3 80.3 80.2 80.1 79.9 80.0 80.1 Nondurable Foods Textile mill products Apparel products Paper and products Pulp and paper Printing and publishing Mining Metal mining Coal mining Oil and gas extraction Oil and gas well drilling Stone and earth minerals Utilities Electric Gas 492,3pt 37 371 80.0 SPECIAL AGGREGATES Computers, communications eq. and semiconductors2 Manufacturing ex. computers, communications eq., and semiconductors2 1. Series begins in 1977. 2. Semiconductors include related electronic components. Note—Primary processing manufacturing includes textile mill products, paper and products, industrial chemicals, synthetic materials, and fertilizers, petroleum products, rubber and plastic products, lumber and products, primary metals, fabricated metals, and stone, clay, and glass products. Advanced processing manufacturing includes foods, tobacco products, apparel products, printing and publishing, chemical products and other agricultural chemicals, leather and products, furniture and fixtures, industrial machinery and equipment, electrical machinery, transportation equipment, instruments, and miscellaneous manufactures. 8 Table 4 INDUSTRIAL CAPACITY: MANUFACTURING, MINING, AND UTILITIES Item SIC Percent change Annual rate Fourth quarter to fourth quarter 1967- 1967- 19751999 1975 1999 Ave. Ave. Ave. 1995 1996 1997 1998 1999p Capacity indexes Percent of 1992 output 1998 Aug. 1999 Mar. Apr. May June July Aug. Total industry 3.1 3.8 2.9 5.4 5.7 5.1 5.0 3.4 161.5 165.7 166.2 166.7 167.1 167.5 167.9 Manufacturing 3.4 4.0 3.2 6.0 6.4 5.8 5.6 3.8 168.1 172.9 173.4 174.0 174.5 174.9 175.4 2.3 4.0 4.1 4.0 1.7 4.0 3.3 7.4 3.8 7.4 3.9 6.4 3.0 6.6 2.0 4.5 145.1 179.2 147.2 185.3 147.4 186.0 147.7 186.7 147.9 187.4 148.1 187.9 148.3 188.5 4.0 2.1 3.1 1.6 3.7 2.9 4.5 2.5 4.1 1.7 2.5 1.3 9.5 3.0 2.5 5.7 9.7 3.9 5.9 4.9 8.6 4.2 5.1 2.9 7.9 2.9 1.9 .6 5.5 3.1 1.9 2.9 197.5 143.9 155.8 154.5 205.5 146.3 157.2 155.5 206.4 146.7 157.5 155.8 207.4 147.1 157.7 156.2 208.3 147.5 158.0 156.7 209.1 147.8 158.2 157.1 209.8 148.2 158.5 157.6 .5 –.1 –.4 1.6 .2 1.2 1.7 .7 .3 3.8 1.8 5.2 .0 –.4 –.7 .8 –.4 –.3 2.7 1.9 3.1 3.5 2.0 .1 3.6 5.0 2.8 2.0 –4.8 .4 3.4 3.9 5.8 2.8 –.6 .1 3.4 5.1 6.8 1.4 .8 .0 1.5 2.2 2.2 .7 .4 .0 143.2 144.6 139.4 141.3 122.8 104.2 145.6 148.3 143.7 142.2 123.3 104.2 145.8 148.6 143.9 142.3 123.4 104.2 145.9 148.8 144.1 142.4 123.4 104.2 146.1 149.0 144.3 142.4 123.4 104.2 146.2 149.2 144.4 142.5 123.4 104.2 146.3 149.3 144.5 142.6 123.5 104.2 2.0 3.1 1.6 5.2 5.5 6.5 4.3 .3 166.5 169.2 169.2 169.2 169.2 169.1 169.0 6.0 22.6 9.0 4.7 12.0 5.9 6.5 26.7 10.2 11.5 34.7 28.8 13.0 46.1 30.3 12.1 43.2 23.6 14.6 59.4 18.3 10.8 41.3 13.3 242.9 820.3 381.6 262.3 1062 415.7 264.7 1093 420.3 267.0 1124 424.9 269.2 1154 429.6 271.1 1183 433.3 272.9 1213 437.2 20.1 13.1 22.8 58.7 56.6 46.7 33.4 27.4 920.9 1071 1093 1116 1140 1161 1183 37 371 2.6 3.2 3.0 4.4 2.4 2.8 372–6,9 38 39 1.5 4.6 2.1 1.1 7.6 4.4 1.7 3.5 1.3 4.3 8.4 4.5 –.4 2.6 1.7 2.5 3.9 –.5 .5 .1 1.9 2.0 3.2 .8 .2 1.3 1.9 2.1 2.5 2.8 1.4 2.4 1.9 .4 .9 –.7 –.2 3.3 2.0 156.4 184.9 157.4 128.0 141.1 151.6 157.8 186.9 158.7 128.8 143.4 153.3 157.8 187.0 158.6 128.8 143.7 153.6 157.8 187.1 158.4 128.7 144.1 153.8 157.9 187.2 158.2 128.7 144.5 154.1 157.9 187.3 158.0 128.6 145.0 154.4 157.9 187.4 157.8 128.5 145.4 154.6 20 22 23 26 261–3 27 2.7 2.3 2.1 1.1 2.8 2.3 2.6 4.3 3.0 4.4 2.3 3.9 2.9 3.0 2.1 2.1 1.3 .7 2.4 2.1 2.5 2.1 2.2 2.0 2.3 2.4 2.9 .7 2.3 2.0 2.2 .7 2.9 1.6 .3 2.0 1.2 4.6 1.8 2.4 1.5 .1 2.6 2.8 .9 –.7 3.0 1.7 3.1 1.4 2.0 –1.0 –1.6 2.4 1.1 .7 137.5 134.9 135.1 133.7 132.5 122.3 128.3 139.3 137.1 134.9 132.7 134.5 123.3 130.3 139.4 137.3 134.8 132.5 134.8 123.4 130.4 139.6 137.5 134.7 132.3 135.0 123.5 130.4 139.7 137.7 134.5 132.2 135.3 123.6 130.4 139.9 137.9 134.4 132.0 135.5 123.7 130.4 140.0 138.1 134.2 131.8 135.8 123.8 130.4 Chemicals and products 28 Plastics materials 2821 Synthetic fibers 2823,4 Petroleum products 29 Rubber and plastics products 30 Leather and products 31 3.6 6.3 3.7 1.5 5.5 –2.9 6.8 12.7 9.7 4.2 8.4 –1.5 2.5 4.0 1.6 .5 4.4 –3.5 2.8 5.0 .4 –.2 4.4 3.4 3.5 5.7 –.3 .8 4.9 3.5 2.7 4.1 2.5 1.3 5.1 –3.3 2.4 3.6 2.9 1.1 4.8 –.4 1.3 3.4 3.6 1.1 5.3 –6.4 148.9 141.9 125.3 116.8 157.8 117.8 150.5 144.8 127.5 117.5 162.4 116.5 150.6 145.2 127.9 117.6 163.1 115.8 150.8 145.6 128.3 117.7 163.8 115.1 150.9 146.1 128.7 117.8 164.5 114.4 151.1 146.5 129.1 118.0 165.3 113.5 151.2 146.9 129.5 118.1 166.0 112.7 10 12 13 138 14 .2 1.3 2.4 –.4 .6 1.5 –.1 .5 2.4 –1.0 .8 2.6 .4 1.6 2.3 –.2 .6 1.2 –.4 .7 .6 –1.0 –1.5 2.4 .4 1.6 1.7 –.2 –1.2 3.5 1.5 2.9 1.7 1.0 .9 4.4 1.0 .8 1.7 .4 1.9 4.1 .9 .5 2.0 .1 –1.0 4.2 120.1 122.6 129.5 114.9 178.2 146.0 121.0 122.8 130.8 115.4 179.2 149.7 121.1 122.8 131.0 115.4 179.1 150.2 121.2 122.9 131.3 115.4 178.9 150.7 121.3 122.9 131.5 115.4 178.6 151.2 121.3 123.0 131.7 115.3 178.3 151.7 121.4 123.0 131.9 115.3 178.1 152.2 491,3pt 2.6 3.6 .5 6.1 7.8 2.3 1.3 2.0 –.2 1.7 2.2 .5 1.9 1.9 2.1 .3 –.1 1.9 .7 .6 1.5 .5 .6 1.4 126.5 124.0 137.7 127.0 124.6 138.9 127.1 124.6 139.1 127.1 124.7 139.2 127.2 124.7 139.4 127.2 124.8 139.6 127.2 124.8 139.7 16.5 9.5 19.3 41.0 46.3 37.4 34.8 26.3 677.3 796.4 812.4 828.4 844.4 859.0 873.7 2.4 3.7 1.9 3.2 2.9 2.7 2.6 1.4 146.3 148.2 148.3 148.5 148.6 148.8 148.9 Primary processing Advanced processing Durable Lumber and products Furniture and fixtures Stone, clay, and glass products Primary metals Iron and steel Raw steel Nonferrous Primary copper Primary aluminum 24 25 32 33 331,2 333–6,9 3331 3334 Fabricated metal products 34 Industrial machinery and equipment 35 Computer and office equip. 357 Electrical machinery 36 Semiconductors and related electronic components 3672–9 Transportation equipment Motor vehicles and parts Autos and light trucks1 Aerospace and misc. Instruments Miscellaneous Nondurable Foods Textile mill products Apparel products Paper and products Pulp and paper Printing and publishing Mining Metal mining Coal mining Oil and gas extraction Oil and gas well drilling Stone and earth minerals Utilities Electric Gas 492,3pt SPECIAL AGGREGATES Computers, communications eq. and semiconductors2 Manufacturing ex. computers, communications eq., and semiconductors2 p. Preliminary estimate for current year. 1. Series begins in 1977. 2. Semiconductors include related electronic components. 9 Table 5A INDUSTRIAL PRODUCTION, CAPACITY AND UTILIZATION FOR TOTAL INDUSTRY: HISTORICAL DATA Seasonally adjusted Year Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. Q1 Q2 Q3 Q4 Annual Industrial Production, Percent Change1 1987 1988 1989 1990 1991 –.6 .1 .6 –.5 –.5 1.2 .3 –.8 .5 –.8 .4 .0 .9 .5 –.9 .4 .6 .2 –.6 .3 .4 .1 –.6 .4 .8 .9 .1 –.2 .0 1.2 .6 .7 –1.0 .0 .1 .1 .5 .4 .2 .1 –.1 –.4 –.2 .1 1.0 1.4 .3 –.5 –.6 –.1 .3 .8 .4 –1.3 –.1 .6 .5 .5 –.6 –.6 4.2 3.2 3.8 2.0 –8.3 6.7 3.1 .5 .6 1.5 5.6 3.9 –4.4 1.0 6.2 7.1 3.6 –.1 –5.8 1.1 4.6 4.5 1.8 –.2 –2.0 1992 1993 1994 1995 1996 .2 .5 .2 .5 –.2 .6 .5 .5 –.1 1.3 .7 .2 .7 .2 –.2 .7 .4 .4 –.1 1.2 .2 –.5 .7 .3 .9 –.1 .2 .5 .4 .7 .8 .2 .3 –.3 .2 –.3 –.4 .5 1.1 .5 .4 1.0 .2 .3 .1 .6 .4 .7 .0 .1 .5 .5 .8 .2 .6 .1 .8 1.1 .0 .3 1.3 4.3 6.1 6.3 2.8 6.1 1.5 7.1 1.3 9.6 2.7 1.2 5.2 3.5 5.5 4.6 6.4 7.6 3.0 3.5 3.1 3.5 5.4 4.9 4.5 1997 1998 1999 .5 .0 .0 .7 –.1 .1 .4 .4 .7 .6 .5 .3 .3 .4 .2 .5 –.9 .2 .7 –.1 .7 .6 1.4 .3 .5 –.4 .6 .4 .5 –.2 .3 .1 6.6 1.6 1.3 6.0 2.8 3.8 7.2 .9 6.6 2.2 6.0 3.6 Industrial Production 1987 1988 1989 1990 1991 90.2 95.9 99.8 98.6 96.7 91.2 96.2 99.0 99.1 95.9 91.6 96.3 100.0 99.6 95.0 92.0 96.8 100.2 99.0 95.4 92.4 96.9 99.6 99.4 96.1 93.2 97.0 99.4 99.3 97.2 93.7 97.6 98.4 99.3 97.3 93.8 98.1 98.8 99.5 97.4 93.7 97.8 98.6 99.6 98.4 95.0 98.0 98.2 99.1 98.3 95.3 98.8 98.6 97.7 98.1 95.9 99.3 99.0 97.2 97.5 91.0 96.1 99.6 99.1 95.9 92.5 96.9 99.7 99.2 96.2 93.8 97.8 98.6 99.5 97.7 95.4 98.7 98.6 98.0 98.0 93.2 97.4 99.1 98.9 97.0 1992 1993 1994 1995 1996 97.7 102.3 105.9 113.4 115.5 98.2 102.7 106.4 113.4 117.0 98.9 102.9 107.2 113.6 116.8 99.6 103.3 107.6 113.4 118.2 99.9 102.7 108.4 113.8 119.2 99.7 103.0 108.9 114.3 120.0 100.5 103.2 109.3 113.9 120.3 100.2 102.8 109.8 115.1 120.9 100.6 103.9 110.0 115.4 121.1 101.2 104.3 110.8 115.5 121.2 101.7 104.8 111.6 115.7 121.9 101.8 105.7 112.9 115.8 122.3 98.3 102.6 106.5 113.5 116.5 99.8 103.0 108.3 113.8 119.2 100.4 103.3 109.7 114.8 120.8 101.5 104.9 111.7 115.7 121.8 100.0 103.5 109.1 114.4 119.5 1997 1998 1999 123.0 130.3 132.3 123.9 130.2 132.5 124.4 130.7 133.3 125.1 131.3 133.7 125.5 131.9 134.0 126.1 130.6 134.2 127.0 130.5 135.2 127.8 132.4 135.6 128.5 131.9 129.3 132.4 129.9 132.2 130.3 132.3 123.7 130.4 132.7 125.6 131.3 134.0 127.8 131.6 129.8 132.3 126.8 131.3 114.0 115.3 116.8 119.2 121.4 114.1 115.5 117.0 119.3 121.6 114.2 115.6 117.2 119.5 121.7 114.3 115.7 117.4 119.7 121.9 114.4 115.8 117.6 119.9 122.1 114.5 115.9 117.8 120.1 122.2 114.6 116.0 118.0 120.2 122.4 114.7 116.2 118.2 120.4 122.6 114.9 116.3 118.4 120.6 122.7 115.0 116.4 118.6 120.8 122.9 115.1 116.5 118.8 121.0 123.0 115.2 116.7 119.0 121.2 123.2 114.1 115.5 117.0 119.3 121.6 114.4 115.8 117.6 119.9 122.1 114.7 116.2 118.2 120.4 122.6 115.1 116.5 118.8 121.0 123.0 114.6 116.0 117.9 120.2 122.3 1992 1993 1994 1995 1996 123.4 125.9 128.9 133.9 141.4 123.6 126.2 129.3 134.5 142.1 123.8 126.4 129.7 135.1 142.8 124.0 126.6 130.1 135.7 143.4 124.2 126.9 130.5 136.4 144.1 124.5 127.1 130.9 137.0 144.8 124.7 127.4 131.3 137.6 145.5 124.9 127.6 131.7 138.2 146.1 125.1 127.8 132.1 138.8 146.8 125.3 128.1 132.6 139.5 147.4 125.5 128.3 133.0 140.1 148.1 125.7 128.6 133.4 140.8 148.8 123.6 126.2 129.3 134.5 142.1 124.2 126.9 130.5 136.4 144.1 124.9 127.6 131.7 138.2 146.1 125.5 128.3 133.0 140.1 148.1 124.5 127.2 131.1 137.3 145.1 1997 1998 1999 149.4 157.0 164.6 150.1 157.6 165.2 150.7 158.3 165.7 151.3 158.9 166.2 152.0 159.6 166.7 152.6 160.3 167.1 153.2 160.9 167.5 153.8 161.5 167.9 154.4 162.2 155.0 162.8 155.7 163.5 156.3 164.1 150.1 157.6 165.2 152.0 159.6 166.7 153.8 161.5 155.7 163.5 152.9 160.5 79.1 83.2 85.4 82.7 79.6 80.0 83.4 84.6 83.0 78.9 80.2 83.3 85.3 83.3 78.1 80.5 83.7 85.3 82.7 78.2 80.7 83.7 84.7 82.9 78.7 81.4 83.6 84.4 82.7 79.6 81.8 84.1 83.4 82.6 79.5 81.8 84.5 83.6 82.6 79.5 81.6 84.1 83.3 82.6 80.2 82.6 84.2 82.8 82.0 80.0 82.8 84.8 83.0 80.8 79.8 83.2 85.1 83.2 80.2 79.2 79.8 83.3 85.1 83.0 78.9 80.8 83.7 84.8 82.8 78.8 81.7 84.2 83.4 82.6 79.7 82.9 84.7 83.0 81.0 79.6 81.3 84.0 84.1 82.3 79.3 1992 1993 1994 1995 1996 79.2 81.2 82.1 84.7 81.7 79.5 81.4 82.3 84.3 82.4 79.9 81.4 82.6 84.1 81.8 80.3 81.5 82.7 83.5 82.4 80.4 81.0 83.1 83.4 82.7 80.1 81.0 83.2 83.4 82.9 80.6 81.0 83.2 82.7 82.7 80.2 80.6 83.4 83.3 82.8 80.4 81.3 83.3 83.1 82.5 80.8 81.4 83.5 82.8 82.2 81.0 81.7 83.9 82.6 82.3 81.0 82.2 84.6 82.3 82.2 79.5 81.3 82.4 84.3 82.0 80.3 81.2 83.0 83.5 82.7 80.4 81.0 83.3 83.1 82.7 80.9 81.8 84.0 82.6 82.2 80.3 81.3 83.2 83.4 82.4 1997 1998 1999 82.3 83.0 80.3 82.6 82.6 80.2 82.5 82.6 80.5 82.7 82.6 80.4 82.6 82.6 80.4 82.6 81.5 80.3 82.9 81.1 80.7 83.1 82.0 80.8 83.2 81.3 83.4 81.3 83.4 80.8 83.4 80.7 82.5 82.7 80.3 82.6 82.3 80.4 83.1 81.5 83.4 80.9 82.9 81.8 Capacity 1987 1988 1989 1990 1991 Utilization 1987 1988 1989 1990 1991 1. Quarterly percent changes are at annual rates. Annual percent changes are calculated from annual averages. 10 Table 5B INDUSTRIAL PRODUCTION, CAPACITY AND UTILIZATION FOR MANUFACTURING: HISTORICAL DATA Seasonally adjusted Year Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. Q1 Q2 Q3 Q4 Annual Industrial Production, Percent Change1 1987 1988 1989 1990 1991 –.8 –.2 .9 –.2 –.9 1.6 .4 –1.2 .9 –.7 .2 –.1 .8 .3 –1.1 .5 1.0 .1 –.8 .3 .3 –.1 –.7 .4 .7 1.0 .0 .0 –.1 1.4 .7 .7 –1.1 .0 .2 –.2 .3 .3 .3 .2 .1 .2 –.3 –.1 1.1 1.3 .2 –.6 –.6 –.1 .5 .9 .4 –1.3 –.2 .6 .6 .1 –.6 –.5 5.0 2.3 4.3 2.9 –9.7 7.0 4.1 –.7 –.1 1.2 5.5 3.7 –4.5 .8 7.8 7.6 5.2 –1.4 –6.3 1.7 5.3 4.7 1.9 –.5 –2.4 1992 1993 1994 1995 1996 .3 .9 .1 .6 –.3 .7 .2 .6 –.2 1.3 .8 .2 .9 .2 –.3 .6 .6 .7 –.1 1.4 .4 –.4 .8 .1 1.0 .0 .0 .2 .5 .8 .7 .2 .5 –.5 .5 –.2 –.5 .6 .9 .5 .3 1.2 .3 .7 .2 .5 .4 .8 .1 .0 .6 .5 .9 .1 .7 –.1 .9 1.1 .1 .4 2.7 4.9 6.3 6.7 2.1 6.8 2.1 8.8 1.1 10.6 3.4 .5 5.8 2.9 7.0 4.0 6.9 9.2 3.8 3.9 4.0 3.7 6.0 5.4 4.7 1997 1998 1999 .5 .1 –.2 .9 –.1 .3 .5 .3 .4 .6 .6 .4 .3 .3 .3 .7 –1.2 .1 .7 –.1 .6 .8 1.6 .4 .4 –.4 .6 .7 .8 .2 .3 .2 7.2 2.4 1.5 6.6 2.5 4.0 7.7 .4 7.5 4.9 6.8 4.2 Industrial Production 1987 1988 1989 1990 1991 89.6 95.4 100.3 98.1 95.8 91.0 95.8 99.1 99.0 95.1 91.2 95.7 99.9 99.3 94.1 91.6 96.7 100.0 98.6 94.4 91.9 96.6 99.4 99.0 95.0 92.8 96.6 99.4 98.9 96.3 93.4 97.3 98.3 98.8 96.6 93.3 97.5 98.7 99.1 96.8 93.4 97.7 98.4 99.0 97.8 94.6 97.9 97.8 98.4 97.8 95.1 98.9 98.2 97.2 97.6 95.6 99.4 98.3 96.6 97.1 90.6 95.6 99.8 98.8 95.0 92.1 96.6 99.6 98.8 95.2 93.4 97.5 98.5 99.0 97.0 95.1 98.7 98.1 97.4 97.5 92.8 97.1 99.0 98.5 96.2 1992 1993 1994 1995 1996 97.4 102.6 106.1 115.0 116.9 98.1 102.8 106.7 114.8 118.4 98.9 103.0 107.6 115.1 118.1 99.5 103.6 108.4 115.0 119.7 99.9 103.2 109.3 115.1 120.9 99.9 103.2 109.5 115.7 121.8 100.6 103.4 110.1 115.1 122.4 100.4 102.9 110.7 116.2 123.0 100.7 104.1 111.1 117.0 123.3 101.2 104.5 112.0 117.1 123.3 101.8 105.1 113.0 117.2 124.2 101.7 106.0 114.3 117.3 124.7 98.1 102.8 106.8 115.0 117.8 99.7 103.3 109.1 115.3 120.8 100.6 103.5 110.7 116.1 122.9 101.6 105.2 113.1 117.2 124.1 100.0 103.7 109.9 115.9 121.4 1997 1998 1999 125.3 133.8 136.4 126.4 133.7 136.9 127.0 134.1 137.5 127.7 134.9 138.0 128.1 135.4 138.4 129.0 133.7 138.5 129.8 133.6 139.3 130.8 135.7 139.9 131.4 135.2 132.2 136.1 133.3 136.4 133.7 136.7 126.2 133.8 136.9 128.3 134.7 138.3 130.7 134.8 133.1 136.4 129.7 135.1 113.2 115.2 117.0 119.9 122.4 113.4 115.3 117.3 120.1 122.6 113.6 115.4 117.5 120.3 122.8 113.8 115.6 117.8 120.5 123.0 113.9 115.7 118.0 120.7 123.1 114.1 115.8 118.3 120.9 123.3 114.2 116.0 118.5 121.1 123.5 114.4 116.1 118.7 121.3 123.7 114.6 116.3 119.0 121.5 123.8 114.7 116.5 119.2 121.7 124.0 114.9 116.6 119.5 122.0 124.2 115.0 116.8 119.7 122.2 124.3 113.4 115.3 117.3 120.1 122.6 113.9 115.7 118.0 120.7 123.1 114.4 116.1 118.7 121.3 123.7 114.9 116.6 119.5 122.0 124.2 114.1 115.9 118.4 121.0 123.4 1992 1993 1994 1995 1996 124.5 127.4 130.7 136.3 144.9 124.8 127.6 131.1 137.0 145.7 125.0 127.9 131.6 137.7 146.4 125.2 128.2 132.0 138.4 147.2 125.5 128.4 132.5 139.1 148.0 125.7 128.7 132.9 139.8 148.8 125.9 129.0 133.4 140.5 149.5 126.2 129.3 133.8 141.2 150.3 126.4 129.5 134.3 141.9 151.0 126.6 129.8 134.8 142.6 151.8 126.9 130.1 135.2 143.4 152.5 127.1 130.3 135.7 144.2 153.3 124.8 127.6 131.1 137.0 145.7 125.5 128.4 132.5 139.1 148.0 126.2 129.3 133.8 141.2 150.3 126.9 130.1 135.2 143.4 152.5 125.8 128.8 133.2 140.2 149.1 1997 1998 1999 154.1 162.8 171.7 154.8 163.5 172.3 155.5 164.3 172.9 156.2 165.1 173.4 157.0 165.8 174.0 157.8 166.6 174.5 158.4 167.3 174.9 159.1 168.1 175.4 159.9 168.8 160.6 169.6 161.3 170.3 162.1 171.0 154.8 163.5 172.3 157.0 165.8 174.0 159.1 168.1 161.3 170.3 158.1 166.9 79.1 82.9 85.7 81.8 78.2 80.2 83.1 84.5 82.5 77.5 80.3 82.9 85.0 82.6 76.6 80.6 83.7 85.0 81.8 76.8 80.7 83.5 84.2 82.0 77.1 81.4 83.4 84.1 81.8 78.1 81.8 83.8 83.0 81.6 78.2 81.5 84.0 83.1 81.7 78.2 81.5 84.0 82.7 81.5 79.0 82.5 84.1 82.1 80.9 78.9 82.8 84.8 82.2 79.7 78.6 83.1 85.1 82.1 79.0 78.1 79.9 83.0 85.1 82.3 77.5 80.9 83.5 84.4 81.9 77.3 81.6 83.9 82.9 81.6 78.5 82.8 84.7 82.1 79.9 78.5 81.3 83.8 83.6 81.4 77.9 1992 1993 1994 1995 1996 78.2 80.5 81.2 84.4 80.7 78.6 80.6 81.4 83.8 81.3 79.1 80.5 81.8 83.6 80.6 79.4 80.8 82.2 83.1 81.3 79.6 80.4 82.5 82.8 81.7 79.5 80.1 82.4 82.7 81.9 79.9 80.1 82.6 81.9 81.9 79.6 79.6 82.8 82.3 81.8 79.7 80.4 82.7 82.4 81.6 79.9 80.5 83.1 82.1 81.2 80.2 80.8 83.6 81.7 81.4 80.0 81.4 84.2 81.3 81.3 78.6 80.5 81.5 83.9 80.9 79.5 80.4 82.4 82.9 81.6 79.7 80.0 82.7 82.2 81.8 80.1 80.9 83.6 81.7 81.3 79.5 80.5 82.5 82.7 81.4 1997 1998 1999 81.3 82.2 79.5 81.7 81.8 79.5 81.7 81.6 79.5 81.7 81.7 79.6 81.6 81.6 79.5 81.7 80.2 79.4 81.9 79.8 79.6 82.2 80.7 79.8 82.2 80.1 82.3 80.3 82.6 80.1 82.5 80.0 81.6 81.8 79.5 81.7 81.2 79.5 82.1 80.2 82.5 80.1 82.0 80.8 Capacity 1987 1988 1989 1990 1991 Utilization 1987 1988 1989 1990 1991 1. Quarterly percent changes are at annual rates. Annual percent changes are calculated from annual averages. 11 Table 6 INDUSTRIAL PRODUCTION: INDUSTRY SUBTOTALS AND INDIVIDUAL SERIES Index, 1992 = 100 Item SIC 1998 IP Proportion Seasonally adjusted 1999 Feb. Mar. Not seasonally adjusted Apr. Mayr Juner Julyr 1999 Feb. Mar. Apr. Mayr Juner Julyr 10 101 102–4,8,9 102 .36 .06 .30 .08 108.4 117.1 107.1 102.4 104.1 112.6 102.9 103.7 105.2 116.1 103.5 112.5 98.6 115.2 95.8 78.0 93.1 104.9 91.2 65.9 94.3 107.8 92.0 73.8 106.9 108.1 107.1 103.5 103.5 108.7 102.9 102.6 103.5 106.0 103.4 111.7 98.6 117.7 95.3 76.9 96.4 110.4 94.1 69.4 94.7 110.9 92.0 74.4 12 .82 109.1 103.4 106.8 106.1 106.5 109.6 114.8 107.5 106.3 103.4 107.0 102.6 13 131 132 138 3.38 2.43 1.28 1.16 .16 .78 91.7 92.7 80.2 110.1 101.0 97.4 93.3 93.1 81.7 108.9 104.5 104.2 91.8 92.7 80.7 109.4 104.4 97.2 92.4 92.7 80.7 109.5 105.1 100.3 93.0 93.1 81.0 109.9 109.5 100.4 93.6 93.4 81.4 109.9 108.8 103.1 92.4 94.1 81.3 111.9 101.4 95.3 92.7 93.6 82.1 109.4 105.4 98.6 91.8 92.7 81.0 109.0 105.8 97.3 91.9 92.3 80.3 108.9 105.0 99.7 92.4 92.4 80.3 109.2 108.8 100.8 92.9 92.2 80.1 108.9 108.4 105.0 14 .64 127.7 129.1 126.7 124.1 121.6 121.1 93.7 105.7 124.7 136.1 141.5 141.6 20 201 202 2021 2022 2023 2024 2026 9.00 1.18 .37 .32 .48 .01 .77 .01 .17 .14 .15 .31 112.3 120.4 116.2 113.0 131.2 72.0 109.9 98.1 117.2 115.3 116.8 101.8 111.4 121.1 115.8 113.7 132.8 78.0 109.4 95.7 121.0 110.5 113.7 102.3 111.4 122.3 116.4 113.7 135.5 70.4 109.5 89.7 120.6 107.0 120.1 102.1 110.8 120.4 113.2 108.1 137.7 71.9 109.2 100.6 117.2 108.1 119.6 102.1 110.1 122.5 114.0 117.0 135.7 68.7 108.7 99.7 119.9 107.2 117.3 101.0 109.0 121.5 115.6 112.4 135.3 72.3 107.7 99.1 119.0 103.5 117.6 100.6 106.5 120.7 113.8 114.3 131.8 75.5 111.0 120.0 118.4 120.4 109.4 103.4 106.6 121.1 111.9 116.4 132.8 86.9 114.4 107.6 123.3 120.6 119.8 105.5 107.5 121.5 112.6 113.8 135.6 72.3 118.7 104.8 124.0 128.8 132.5 106.5 108.5 120.0 114.8 101.1 139.6 68.0 118.9 105.3 120.6 129.0 136.7 106.8 112.4 124.7 121.3 110.5 139.3 66.7 118.5 84.6 124.0 119.7 150.3 104.1 111.9 117.4 115.5 101.9 131.7 66.7 110.1 75.5 115.2 100.9 144.6 99.6 203 204 205 206 207 208 2082,3 2086,7 209 2095 1.21 .98 1.04 .63 .23 1.81 .55 1.02 1.16 .19 105.7 101.1 106.2 109.4 104.5 123.1 108.8 135.4 117.8 100.9 101.8 99.2 107.7 106.5 105.6 121.4 108.7 132.1 119.5 100.2 102.6 102.7 105.5 109.1 106.1 118.3 102.8 129.9 118.7 95.6 99.3 102.7 103.0 114.3 108.8 118.5 107.7 127.2 118.1 97.4 98.4 102.2 102.2 111.5 106.5 117.0 103.1 127.8 117.5 107.1 95.8 101.4 103.5 111.0 108.5 115.4 95.3 98.4 96.7 104.9 107.4 112.0 103.4 119.8 112.4 114.4 93.1 97.7 98.4 100.7 108.2 115.8 112.1 118.8 108.1 84.1 93.6 99.8 99.3 95.9 105.4 117.0 112.6 122.2 110.4 87.9 93.0 100.2 99.9 99.6 103.9 119.3 117.5 124.2 113.8 93.3 96.6 100.5 106.8 100.9 102.7 125.8 117.3 135.7 119.5 94.7 98.8 100.9 112.7 98.0 100.2 124.8 21 1.29 97.4 97.3 96.0 97.2 96.3 97.8 102.0 104.5 92.2 91.0 106.4 84.3 Textile mill products 22 Fabrics 221–4 Cotton and synthetic 221,2 Narrow fabrics 224 Knit goods 225 Knit garments 2253,4,7–9 Fabric finishing 226 Carpeting 227 Yarns and miscellaneous 228,9 Cotton and synthetic yarns 2281,2,4 1.56 .37 .31 .04 .45 .32 .14 .21 .40 .17 110.6 95.6 96.6 118.6 122.8 128.0 82.2 128.9 114.8 101.3 109.0 97.5 99.4 117.5 124.5 130.5 83.2 109.9 114.2 99.7 111.4 98.3 111.0 96.2 111.1 96.5 112.3 96.7 113.4 99.4 116.6 97.3 109.8 90.1 117.8 123.1 127.2 84.8 123.4 117.2 104.1 115.7 124.6 129.5 82.5 123.4 116.7 102.2 114.8 124.2 128.4 116.2 125.8 125.0 86.8 137.4 118.1 104.6 118.2 127.9 130.8 89.1 117.4 119.9 108.7 119.0 138.4 141.0 81.8 130.6 119.3 104.2 111.0 126.2 134.0 132.5 116.9 100.9 108.4 98.5 99.8 117.3 117.2 121.3 82.0 115.1 116.2 103.8 115.2 101.1 117.3 124.7 130.0 82.8 121.3 116.7 102.6 108.5 95.2 95.6 116.5 116.3 121.5 84.2 123.0 116.1 104.9 Apparel products 23 1.73 93.6 93.3 94.0 93.1 92.3 91.3 92.0 92.0 92.1 93.0 94.1 89.7 24 241,2 241 243–5,9 243 2435,6 245 2.12 .82 .28 1.29 .69 .12 .24 122.1 112.3 91.2 129.6 127.1 105.2 154.1 120.7 110.5 91.4 128.5 126.1 100.2 152.8 120.4 109.4 89.8 128.7 127.3 99.8 148.0 122.9 117.4 90.5 127.2 126.5 101.1 145.2 121.6 113.8 92.5 127.5 126.3 99.2 142.8 122.2 114.9 90.0 127.7 126.3 99.9 119.3 110.9 86.4 125.7 120.2 104.2 149.1 119.7 109.9 84.4 127.1 122.8 101.5 155.0 120.8 107.7 81.2 130.6 126.3 101.2 157.6 121.7 112.9 86.6 128.5 127.7 104.0 151.8 126.3 119.7 95.2 131.4 129.9 102.9 153.8 120.7 112.4 94.5 127.0 129.3 99.3 Metal mining Iron ore Nonferrous ores Copper Coal mining Oil and gas extraction Crude oil and natural gas Crude oil, total Natural gas Natural gas liquids Oil and gas well drilling Stone and earth minerals Foods Meat products Beef Pork Poultry Miscellaneous meats Dairy products Butter Cheese Concentrated milk Frozen desserts Milk and misc. dairy products Canned and frozen food Grain mill products Bakery products Sugar and confectionery Fats and oils Beverages Beer and ale Soft drinks Coffee and miscellaneous Roasted coffee Tobacco products Lumber and products Logging and lumber Logging Lumber products Millwork and plywood Plywood Manufactured homes 124.2 115.5 1. The IP proportion data are estimates of the industries’ relative contributions to overall IP growth in the following year. 12 138.8 123.1 136.8 111.7 93.9 Table 6 (continued) INDUSTRIAL PRODUCTION: INDUSTRY SUBTOTALS AND INDIVIDUAL SERIES Index, 1992 = 100 Item SIC 1998 IP Proportion1 Seasonally adjusted 1999 Feb. Mar. Not seasonally adjusted Apr. Mayr Juner Julyr 1999 Feb. Mar. Apr. Mayr Juner Julyr 25 251 1.41 .63 124.5 121.1 126.1 120.5 123.6 118.2 123.5 119.2 124.6 120.4 126.0 122.5 123.6 122.1 122.6 120.2 122.0 119.4 121.0 116.8 126.5 122.0 125.3 116.1 26 261–3 261 262 263 265,7 265 267 3.50 1.46 .10 .91 .45 2.04 .73 1.31 116.4 112.8 98.8 111.7 118.8 118.9 123.9 116.3 116.5 113.8 101.5 111.6 121.8 118.3 122.0 116.4 114.6 113.7 95.1 110.2 126.2 115.2 118.5 113.5 114.2 112.2 100.1 110.3 119.5 115.6 119.4 113.6 115.9 114.5 101.3 112.8 121.6 116.8 117.0 116.9 115.1 113.7 96.9 111.4 122.8 116.1 119.8 114.2 118.5 115.7 99.4 114.7 121.9 120.5 123.5 118.8 116.8 113.9 98.9 111.9 121.8 118.8 122.6 116.7 115.7 113.5 95.6 110.5 124.4 117.2 122.5 114.2 112.4 110.9 97.4 108.6 118.9 113.5 114.8 112.7 116.9 115.2 100.9 112.9 123.6 118.1 121.3 116.3 115.0 114.0 99.8 111.1 123.6 115.6 118.6 113.9 Printing and publishing 27 Newspapers 271 Periodicals, books, and cards 272,3,7 Job printing 274–6,8,9 6.79 1.63 2.03 3.12 103.8 99.7 100.3 108.1 103.7 100.2 98.5 108.7 104.3 99.7 99.5 109.7 104.2 98.9 100.0 109.6 104.1 97.9 101.8 108.8 103.9 98.4 102.6 107.5 100.0 99.2 99.4 100.5 99.4 95.9 99.0 101.4 103.5 104.8 101.2 104.0 101.6 96.6 99.5 105.6 104.5 96.1 100.8 111.5 106.9 95.5 102.4 116.3 Chemicals and products Industrial chemicals and synthetic materials Basic chemicals Alkalies and chlorine Inorganic pigments Inorganic chemicals, nec Acids and other 28 9.78 114.4 115.1 115.1 115.4 114.7 114.1 111.5 112.6 113.3 113.7 117.5 118.8 281,2,6 281 2812 2816 2819 3.49 .77 .09 .09 .46 .35 111.8 92.9 119.2 94.2 88.9 105.8 112.1 95.8 120.6 108.6 90.7 105.7 112.5 95.3 118.4 100.7 91.0 106.2 112.8 95.7 124.6 97.5 91.1 104.8 110.6 85.9 116.4 106.9 75.3 104.7 109.3 83.6 116.6 98.0 73.1 113.6 95.5 120.4 96.3 92.2 112.0 113.4 95.6 120.5 106.7 90.7 102.4 115.0 96.9 116.8 106.1 92.9 107.1 113.1 95.6 120.5 97.5 91.4 101.8 111.4 87.7 117.3 110.6 77.4 107.8 108.8 82.3 117.5 98.3 71.1 282 2821 2823,4 286 1.27 .81 .35 1.45 123.3 132.4 107.7 114.4 121.5 129.5 107.1 114.6 122.7 130.7 108.5 115.0 123.0 131.6 107.0 115.3 123.8 130.7 111.8 115.6 121.7 125.7 134.8 109.9 114.9 124.5 133.5 106.9 115.4 126.7 135.8 109.5 116.8 123.4 132.6 105.4 115.6 125.1 131.5 113.1 115.2 120.8 283–5,9 283 284 285 287 5.62 3.02 1.57 .42 .67 116.7 118.2 115.8 110.9 108.8 117.5 117.9 115.7 111.7 111.2 117.3 117.3 115.6 110.1 110.2 117.6 117.5 117.1 107.7 110.4 117.5 116.7 118.6 106.0 113.3 117.5 117.0 118.8 107.0 112.0 110.3 109.6 111.2 108.9 109.5 112.1 109.6 112.4 114.5 111.3 112.1 109.1 109.8 120.8 113.5 114.3 113.3 111.6 118.6 111.3 122.3 122.9 120.5 121.6 111.1 126.8 127.8 128.2 112.2 109.1 Petroleum products 29 Petroleum refining and misc. 291,9 Miscellaneous petroleum products Distillate fuel oil Residual fuel oil Aviation fuel and kerosene Automotive gasoline Paving and roofing materials 295 1.59 1.40 .30 .27 .04 .13 .66 .19 116.4 112.9 116.4 117.0 77.8 115.7 112.1 144.3 113.1 110.1 112.9 111.9 79.7 111.6 110.2 137.3 114.3 111.8 112.1 114.9 81.8 121.2 111.0 134.6 113.0 110.7 110.0 115.6 85.1 116.1 110.0 131.5 111.3 108.7 107.2 113.1 83.3 111.8 109.0 132.5 114.6 112.2 108.9 105.6 104.5 105.7 107.5 76.7 107.4 104.7 113.3 112.5 111.0 113.6 114.2 76.2 115.7 110.6 124.4 115.0 112.6 117.8 116.3 81.2 110.2 111.9 134.2 116.1 113.1 121.1 114.0 79.7 110.9 112.3 141.4 119.6 116.2 123.7 134.1 107.4 105.8 101.6 110.2 83.6 113.2 106.5 119.9 146.6 Rubber and plastics products 30 Tires 301 Other rubber products 302,5,6 Plastics products, nec 308 3.83 .32 .61 2.90 135.2 124.2 126.8 138.7 135.4 120.7 124.8 139.9 136.2 125.9 124.9 140.3 137.6 137.1 125.6 140.7 136.5 126.6 124.3 140.7 138.3 130.7 127.4 142.0 135.5 135.5 126.7 137.7 136.1 132.6 125.0 139.3 136.1 127.0 123.0 140.4 137.3 134.8 123.5 141.0 138.6 131.3 127.5 142.3 133.5 112.6 127.6 137.5 31 314 .21 .07 70.5 63.0 70.7 61.9 70.3 63.0 70.6 62.2 70.6 61.1 70.2 58.0 69.9 61.2 71.0 60.6 70.9 61.9 71.4 62.6 72.6 63.1 67.5 56.3 Stone, clay, and glass products 32 Pressed and blown glass 322 Glass containers 3221 Cement 324 Structural clay products 325 Concrete and miscellaneous 326–9 2.43 .32 .12 .21 .11 1.46 132.2 111.8 83.1 148.1 126.1 135.1 131.1 112.5 84.9 139.6 125.7 133.0 128.8 110.0 81.5 131.2 123.7 131.9 128.3 107.5 80.7 130.8 122.4 132.1 128.4 109.4 81.1 128.7 121.7 131.8 129.5 109.3 81.1 125.9 112.5 87.1 106.1 123.3 131.1 127.2 112.3 88.2 118.4 128.0 129.9 128.6 112.1 85.2 133.4 127.3 131.0 128.9 108.8 83.3 143.9 128.1 130.9 133.0 111.9 85.4 155.1 129.9 134.3 131.4 111.5 84.4 Furniture and fixtures Household furniture Paper and products Pulp and paper Wood pulp Paper Paperboard Paper products Paperboard containers Converted paper products Synthetic materials Plastics materials Synthetic fibers Industrial organic chemicals Chemical products Drugs and medicines Soap and toiletries Paints Agricultural chemicals Leather and products Shoes 107.8 122.2 133.2 1. The IP proportion data are estimates of the industries’ relative contributions to overall IP growth in the following year. 13 108.2 118.6 132.9 Table 6 (continued) INDUSTRIAL PRODUCTION: INDUSTRY SUBTOTALS AND INDIVIDUAL SERIES Index, 1992 = 100 Item Primary metals Iron and steel Basic steel and mill products Basic iron and steel Pig iron Raw steel 1998 IP SIC Proportion1 33 331,2 331 Seasonally adjusted 1999 Feb. Mar. 3.60 1.91 1.45 .29 .16 .09 118.5 112.6 110.7 96.2 93.5 106.6 Not seasonally adjusted Apr. Mayr Juner Julyr 1999 Feb. Mar. Apr. Mayr Juner Julyr 122.0 117.1 116.7 97.5 94.6 109.1 122.4 118.9 117.8 100.3 98.5 110.5 122.8 119.6 119.5 101.5 99.4 113.4 125.1 122.6 121.6 98.3 95.1 110.9 127.4 125.6 125.6 101.4 99.6 112.6 121.7 116.3 114.6 98.9 96.0 111.1 125.5 120.4 120.0 100.2 97.0 113.4 125.1 122.4 121.2 100.8 97.9 113.2 123.5 120.3 120.4 101.4 99.2 114.0 126.1 123.7 123.2 98.3 95.3 111.1 122.2 121.3 122.0 97.6 95.8 106.9 115.0 136.9 93.4 138.0 105.0 110.0 118.9 122.4 142.5 100.3 142.3 106.2 119.0 118.4 123.0 136.5 98.8 149.2 106.4 120.6 122.5 124.8 137.3 100.1 150.1 102.8 123.3 120.1 128.4 144.4 97.1 157.4 105.6 126.7 125.8 132.7 138.1 107.6 162.7 99.6 133.2 125.7 119.3 145.9 97.3 135.5 99.6 114.9 121.8 125.9 150.8 102.8 135.7 108.5 123.2 121.8 127.2 143.4 102.7 149.9 104.2 125.1 126.2 125.9 144.9 100.0 151.9 101.9 122.9 120.2 130.5 145.3 99.1 162.4 105.0 128.6 125.5 129.2 112.3 102.5 164.1 101.7 134.3 119.0 Steel mill products Consumer durable steel Equipment steel Construction steel Can and closure steel Miscellaneous steel Iron and steel foundries 332 1.16 .18 .12 .15 .04 .67 .46 Nonferrous metals Primary nonferrous metals Copper Aluminum 333–6,9 333 3331 3334 1.69 .23 .05 .12 125.6 103.3 99.6 92.4 127.9 103.7 95.7 93.0 126.6 103.9 98.2 93.1 126.5 102.2 89.5 93.2 128.2 101.5 86.5 93.5 129.6 101.4 86.5 93.5 128.1 105.5 102.4 92.7 131.7 104.7 94.0 93.3 128.5 105.3 99.2 93.2 127.2 101.6 85.4 93.2 129.0 99.5 84.0 93.5 123.3 99.6 84.8 93.3 Nonferrous products Nonferrous mill products Aluminum Nonferrous foundries 335,6 335 3353–5 336 1.20 .88 .33 .31 126.3 119.4 106.7 149.1 129.8 124.1 117.2 148.4 127.9 121.1 110.5 150.5 127.9 120.8 109.7 151.4 130.0 123.4 117.4 151.9 131.5 124.8 116.7 153.5 128.6 122.0 110.8 150.7 134.5 130.1 129.1 149.1 129.6 123.5 116.5 150.1 129.3 122.8 112.2 150.7 131.5 125.3 121.7 151.9 124.1 118.8 111.4 141.7 Fabricated metal products 34 Metal containers 341 Hardware, tools, and cutlery 342 Hardware and tools 3423,5,9 Structural metal products 344 Other fabricated metal products 345–9 Fasteners, stampings, etc. 345–7 5.55 .18 .59 .50 1.52 3.05 1.75 126.7 105.5 125.3 124.8 128.7 127.5 137.0 127.5 107.8 130.6 130.7 128.9 127.6 137.0 127.6 101.7 129.4 129.1 128.9 128.2 137.2 126.9 101.8 129.2 128.4 127.9 128.1 137.3 127.8 105.9 129.6 128.8 127.3 129.4 139.4 128.5 106.2 127.5 127.2 128.0 130.9 140.7 124.7 89.3 124.6 124.4 124.4 128.3 138.1 125.9 103.1 128.5 128.4 125.0 128.3 138.3 125.1 101.1 125.9 125.6 126.1 127.5 136.0 125.6 112.1 126.1 125.2 126.7 127.3 136.2 129.8 124.9 132.3 131.9 128.7 130.6 141.2 128.1 118.4 128.9 129.5 129.1 128.9 139.6 Industrial machinery and equipment 35 Engines and turbines 351 Farm 352 Construction and allied 353 Metalworking 354 Special industry machinery 355 General industrial machinery 356 Bearings and gears 3562,6,8 Equipment 3561,3–5,7,9 Computer and office equip. 357 Service industry machines 358 Refrig. and heating equip. 3585 Miscellaneous machinery 359 9.98 .54 .56 1.07 1.16 .97 1.18 .33 .85 2.25 .89 .62 1.37 213.9 141.8 164.6 171.3 135.9 149.7 120.0 108.6 124.9 789.3 151.1 154.2 156.7 217.6 142.9 171.5 166.5 138.8 149.2 121.5 107.9 127.3 828.3 148.1 151.5 160.5 219.5 145.4 152.6 172.8 137.7 148.9 120.4 107.5 125.9 859.3 152.7 156.9 159.8 219.3 145.6 147.7 166.2 135.4 147.0 120.4 106.0 126.6 878.6 153.1 157.8 160.5 219.8 144.7 134.2 161.5 138.0 147.9 120.7 105.1 127.4 898.1 153.9 159.7 160.5 221.2 142.0 123.2 163.2 136.5 149.8 121.6 108.8 127.1 927.5 159.9 167.2 158.0 214.6 143.2 181.4 179.6 134.0 150.7 119.3 110.1 123.3 755.5 161.6 169.9 153.3 218.7 143.9 212.9 175.6 135.7 150.5 120.2 108.6 125.2 769.8 165.4 177.1 155.6 220.4 144.5 186.6 174.7 133.6 148.6 118.6 107.7 123.2 833.4 166.5 177.2 155.3 219.8 145.8 180.5 169.3 131.6 147.1 118.8 106.0 124.3 853.1 160.7 168.7 156.7 225.2 144.4 119.0 170.2 140.5 147.6 122.6 105.3 130.0 930.1 164.2 174.4 164.4 220.7 136.4 80.5 143.5 143.0 144.9 123.1 104.2 131.3 998.8 147.9 151.5 167.1 Electrical machinery Major electrical and parts Electric distribution equip. Household appliances Cooking equipment Refrigerators and freezers Laundry Miscellaneous Electrical housewares Appliances, nec 36 361,2 361 363 3631 3632 3633 3634,5,9 3634 3639 8.56 1.02 .33 .45 .06 .11 .09 .20 .04 .09 309.2 119.4 113.5 135.8 130.5 159.6 170.1 114.2 100.7 107.4 313.1 119.9 117.4 127.2 122.5 138.9 152.5 113.3 103.8 104.5 322.2 119.9 121.6 134.0 131.0 151.1 172.3 113.1 98.8 107.1 326.9 117.4 120.9 128.5 134.5 151.7 151.0 107.8 93.2 99.2 331.5 115.9 117.6 124.7 123.8 142.2 149.3 107.6 91.1 98.9 346.2 117.4 119.0 129.1 128.9 150.5 151.9 110.9 98.0 100.8 309.4 117.2 110.5 144.3 130.9 172.5 186.3 120.5 95.7 116.4 329.8 117.4 113.6 135.4 127.0 148.7 167.0 119.7 98.5 114.1 312.3 117.3 115.1 133.2 127.9 157.4 174.6 109.2 92.7 105.4 317.2 115.8 116.1 127.8 134.4 161.3 145.6 104.3 91.5 98.6 348.0 119.0 119.9 129.4 123.3 159.5 155.9 108.1 92.6 100.3 333.7 122.2 124.4 120.7 120.7 149.4 129.4 103.9 93.5 87.2 365 366 367 .09 2.10 3.53 83.6 216.6 766.3 87.9 219.1 787.2 87.4 227.9 815.8 83.0 236.5 836.6 83.3 239.5 862.2 90.5 254.2 909.1 85.1 214.4 763.5 85.0 217.6 879.6 81.3 226.0 767.2 79.2 230.2 795.9 75.7 236.8 942.5 75.9 246.6 836.9 3672–9 369 3691 3.46 .69 .11 800.2 131.3 124.2 822.7 130.1 116.9 852.1 133.0 133.2 872.4 134.9 135.9 900.5 132.1 122.6 947.6 134.5 797.4 129.5 112.3 921.2 128.7 110.1 800.7 130.7 117.1 828.6 130.4 116.4 986.6 133.2 128.1 870.1 126.6 37 371 3714 3716 9.43 5.14 1.15 1.78 1.67 1.04 .63 2.13 .07 125.6 147.9 102.6 190.4 189.5 187.2 191.8 153.8 141.0 125.5 149.2 104.2 188.4 187.4 182.5 193.8 157.5 141.6 124.9 149.4 106.2 192.1 191.1 185.7 198.5 153.9 139.8 125.1 150.7 102.3 201.1 200.5 197.2 204.2 153.1 151.1 125.7 153.1 105.7 203.1 202.9 202.0 202.7 154.9 155.9 125.4 153.0 100.9 194.7 193.9 184.0 208.8 165.1 147.2 132.0 161.2 111.1 212.5 212.1 211.4 212.2 164.3 152.8 134.8 167.7 117.3 213.7 213.1 211.0 215.4 175.0 164.7 129.6 158.7 109.6 201.8 201.2 195.8 208.9 166.4 169.0 130.0 161.1 110.7 214.2 214.0 212.3 215.6 163.3 149.1 130.2 162.0 114.1 206.6 206.3 202.8 211.1 168.7 149.5 100.7 103.2 63.6 125.6 121.9 109.3 142.3 117.5 132.5 372–6,9 372 373 374–6,9 4.30 3.10 .39 .81 103.7 110.9 93.1 86.2 102.4 109.2 91.6 85.7 101.1 108.1 87.0 85.7 100.3 107.0 84.2 86.5 99.3 104.9 85.7 87.5 98.8 104.2 86.6 87.0 104.0 111.4 92.1 86.6 103.4 110.2 92.4 87.1 101.8 108.2 87.6 88.1 100.3 106.5 85.1 87.7 100.0 105.3 85.1 89.5 96.5 101.4 84.0 86.4 Audio and video equipment Communication equipment Electronic components Semiconductors and related electronic components Misc. electrical supplies Storage batteries Transportation equipment Motor vehicles and parts Autos Trucks and truck trailers Trucks and buses Consumer trucks Business trucks Motor vehicle parts Motor homes Aerospace and miscellaneous transportation equipment Aircraft and parts Ships and boats Railroad and miscellaneous 1. The IP proportion data are estimates of the industries’ relative contributions to overall IP growth in the following year. 14 Table 6 (continued) INDUSTRIAL PRODUCTION: INDUSTRY SUBTOTALS AND INDIVIDUAL SERIES Index, 1992 = 100 Item Instruments Scientific and medical Medical instruments Misc. manufactures Consumer goods Business supplies Electric utilities Generation Fossil fuel Hydro and nuclear 1998 IP SIC Proportion1 1999 Feb. Mar. Not seasonally adjusted Apr. Mayr Juner Julyr 1999 Feb. Mar. Apr. Mayr Juner Julyr 38 381–4 384 4.88 4.09 1.60 113.8 115.7 127.5 114.6 116.7 129.6 115.6 117.3 130.2 117.9 118.2 131.6 116.0 116.1 127.6 117.0 116.4 127.1 112.3 113.8 120.5 113.2 115.0 123.3 113.9 115.1 124.5 115.4 115.4 125.9 117.8 118.2 134.0 118.8 118.8 138.1 39 391,3,4,6 395,9 1.32 .62 .70 115.8 104.8 127.3 116.7 106.4 127.6 118.2 107.9 129.0 119.4 110.2 129.1 118.4 108.2 129.1 119.0 107.2 131.4 114.3 103.7 125.2 116.8 107.1 126.6 117.9 108.7 127.4 118.5 109.1 128.0 118.9 107.5 130.4 115.7 101.9 129.8 491,3pt 5.28 1.97 .95 1.02 114.1 115.3 110.3 119.7 118.9 117.3 114.2 119.9 118.2 115.5 121.1 110.2 117.8 113.9 114.3 113.2 120.2 117.4 114.7 119.7 123.7 121.0 113.3 117.4 106.0 127.7 113.3 113.4 104.4 121.5 105.5 104.8 104.8 104.5 109.2 109.9 105.9 113.3 124.2 124.6 121.2 127.4 140.0 133.8 3.31 1.39 1.92 1.19 .73 113.4 111.8 114.5 120.0 106.5 119.9 122.8 117.9 124.0 108.9 120.0 121.3 119.0 125.4 109.7 120.2 121.3 119.4 125.5 110.5 122.0 125.1 119.8 126.5 110.0 125.4 110.9 115.5 107.7 112.1 101.3 113.3 114.9 112.3 116.1 106.7 106.0 99.3 110.8 113.6 106.7 109.0 99.1 115.9 119.1 111.3 124.1 123.2 124.8 132.5 113.4 144.0 .97 .43 .16 .32 98.6 91.3 105.2 103.5 106.9 103.0 111.0 109.8 104.5 97.0 108.4 111.6 104.3 95.2 112.7 111.6 105.7 96.1 116.7 105.0 95.0 116.0 152.8 167.9 170.1 130.2 150.0 163.5 162.0 131.0 106.5 103.5 112.9 107.9 78.0 61.1 81.1 96.5 61.2 36.7 63.4 58.6 29.3 60.3 Sales Residential Nonresidential Commercial and other Industrial Gas utilities Residential Commercial and other Gas transmission Seasonally adjusted 492,3pt 122.0 133.9 1. The IP proportion data are estimates of the industries’ relative contributions to overall IP growth in the following year. Table 7 INDUSTRIAL PRODUCTION: GROSS VALUE OF PRODUCTS Billions of 1992 dollars at annual rates, seasonally adjusted 1998 Item 1992 1998 Q1 Q2 Q3 Q4 1999 Q1 Q2r 1999 Mar. Apr. Mayr Juner Julyr Aug.p 2001.9 2489.8 2464.5 2486.2 2493.6 2515.1 2530.2 2549.0 2536.0 2547.5 2549.8 2549.7 2554.5 2569.5 1552.1 1958.0 1937.5 1955.3 1956.0 1976.1 1984.9 2000.0 1989.4 1997.8 2000.0 2002.2 2003.7 2022.2 Consumer goods Durable Automotive products Other durable goods Nondurable 1049.6 238.3 123.8 114.4 811.3 1212.3 321.0 165.8 155.3 892.7 1216.5 321.5 165.7 156.1 896.1 1217.2 318.6 162.8 156.2 899.5 1206.9 314.6 159.3 155.7 893.2 1214.9 332.6 175.9 156.2 884.9 1226.9 339.8 175.7 164.1 890.1 1232.3 350.5 181.1 169.4 885.7 1226.3 339.4 173.8 165.8 889.9 1230.6 345.9 176.8 169.4 888.1 1230.9 351.0 181.6 169.4 883.9 1235.4 354.5 184.9 169.3 885.1 1231.8 348.0 175.1 173.6 887.3 1245.2 363.6 191.3 171.9 886.6 Equipment, total Business and defense Business Defense and space 502.5 483.9 399.2 84.7 746.9 722.2 659.0 63.9 723.7 695.3 633.6 64.3 741.4 715.1 653.9 63.9 753.2 729.7 668.5 64.1 765.7 744.4 683.7 63.7 761.9 742.5 682.8 62.8 772.0 753.8 694.7 62.4 767.3 747.6 687.8 62.9 771.5 753.5 694.3 62.5 773.5 755.2 695.8 62.7 770.9 752.8 694.0 62.1 776.5 758.1 699.2 62.3 781.5 762.2 702.9 62.6 449.9 177.2 272.7 70.4 533.6 224.9 308.3 82.7 528.0 221.6 306.0 80.5 532.0 223.0 308.6 82.5 538.1 226.1 311.7 86.0 539.9 229.2 310.3 83.4 545.9 233.9 311.4 84.3 549.7 233.8 315.4 85.6 547.1 232.7 314.0 84.5 550.2 233.5 316.3 86.4 550.3 234.8 315.1 85.3 548.4 233.2 314.7 85.1 551.3 236.3 314.5 86.7 548.8 234.3 314.1 85.9 Products, total Final products Intermediate products Construction supplies Business supplies Commercial energy products Table 8 DIFFUSION INDEXES OF INDUSTRIAL PRODUCTION Percent Year One Month Earlier 1997 1998 1999 Three Months Earlier 1997 1998 1999 Six Months Earlier 1997 1998 1999 Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. 53.4 55.8 49.6 65.7 47.2 52.8 53.7 50.2 50.9 51.3 53.7 56.6 53.7 49.1 53.6 56.3 39.3 51.3 58.8 54.7 59.0 49.8 46.8 55.6 39.7 55.8 56.2 61.4 48.3 50.9 52.1 58.2 59.6 49.4 65.7 52.1 48.7 59.0 54.3 51.3 62.7 49.1 59.2 54.9 55.4 54.7 55.6 44.2 53.6 60.2 46.8 53.9 60.9 44.6 59.0 45.7 58.1 47.6 65.5 49.1 63.7 52.1 65.3 63.7 52.8 65.7 63.3 51.3 63.8 61.0 55.4 61.6 58.1 59.2 58.4 56.6 55.1 62.7 48.3 56.2 67.3 46.8 55.4 62.8 46.4 63.5 43.3 66.9 47.6 68.8 46.4 65.0 48.7 Note—The diffusion indexes are calculated as the percentage of series that increased over the indicated span (one, three, or six months) plus one–half the percentage that were unchanged. 15 Table 9 ELECTRIC POWER USE: MANUFACTURING AND MINING Index, 1992 = 100 1992 Billion KWH 934.1 Seasonally adjusted 1999 Feb. 106.5 Mar. 107.4 854.0 365.8 488.3 80.1 106.9 105.9 107.7 101.8 INDUSTRY GROUPS and SERIES Metal mining 10 Iron ore 101 Copper ore 102 18.6 7.3 6.6 Coal mining 12 Oil and gas extraction Crude oil and natural gas Natural gas liquids Not seasonally adjusted 104.2 1999 Feb. 103.6 Mar. 105.2 Apr. 106.1 Mayr 106.8 Juner 106.9 Julyp 105.6 105.7 106.9 104.7 101.4 104.4 107.5 101.9 101.4 103.7 103.8 103.7 101.3 105.6 105.9 105.3 100.3 106.5 106.5 106.5 100.4 107.3 106.4 108.1 99.6 107.4 108.8 106.3 100.2 106.2 108.2 104.5 97.5 113.9 113.7 123.6 115.9 119.5 120.1 107.9 105.6 115.8 111.0 108.8 122.3 114.4 115.2 122.3 114.2 111.9 126.6 114.6 117.0 122.3 111.7 112.8 116.7 106.5 105.1 113.7 92.1 91.8 96.5 102.1 103.4 102.4 96.5 88.8 91.4 85.1 87.5 87.1 82.4 88.7 88.2 77.7 90.5 89.1 84.9 89.8 89.1 81.8 90.4 89.0 84.9 88.7 88.0 75.9 86.6 86.2 79.3 88.7 88.3 77.8 89.9 89.0 84.2 91.3 90.6 83.6 89.9 88.3 85.9 120.0 167.3 115.5 106.3 113.7 172.0 112.5 95.4 110.5 156.4 108.1 97.2 111.1 154.6 109.2 97.5 112.6 155.1 112.0 98.5 116.6 157.4 110.7 105.6 113.3 140.4 93.9 112.7 107.9 143.1 96.6 100.7 111.6 154.1 105.2 101.8 113.2 163.3 114.3 97.6 114.6 164.6 118.1 98.0 117.8 165.4 119.2 103.5 58.8 10.3 6.8 8.1 11.4 3.5 4.0 3.9 6.1 4.7 120.7 132.9 111.4 119.7 137.3 115.9 112.5 99.5 113.8 109.1 120.4 132.3 110.4 112.4 139.2 117.1 123.5 101.9 110.4 110.3 121.3 133.8 110.9 116.4 141.8 115.5 119.6 100.1 109.1 110.8 118.1 129.3 109.1 112.8 139.4 112.0 103.1 105.5 106.7 109.7 117.9 128.8 107.0 111.9 143.4 112.1 104.9 102.8 106.8 106.6 117.1 128.1 108.8 109.1 142.9 112.4 100.3 112.5 104.4 105.5 112.9 122.2 101.6 107.7 135.6 105.4 116.9 102.7 100.7 100.2 112.0 121.6 102.3 102.7 135.7 107.1 111.7 103.4 99.2 100.9 114.9 126.5 107.0 106.1 140.7 108.8 103.8 99.2 102.6 103.1 114.1 125.3 107.8 105.4 138.6 108.6 90.9 100.5 104.1 105.6 120.1 134.7 114.2 109.7 140.7 117.1 99.5 99.6 113.3 111.0 123.1 138.8 119.8 112.4 141.0 122.4 97.7 104.4 116.6 115.2 21 1.5 89.6 93.6 91.3 90.4 91.8 90.6 88.9 89.1 87.0 85.4 91.5 93.7 Textile mill products Fabrics Knit goods Fabric finishing Yarn and thread Miscellaneous textiles 22 221–4 225 226 228 229 31.5 11.8 4.1 2.5 8.3 3.4 112.8 111.9 117.1 109.4 99.8 124.0 115.9 115.5 118.6 108.5 98.4 134.1 107.5 101.8 118.9 107.5 88.4 129.9 109.9 103.8 122.8 104.2 97.5 127.3 112.9 108.7 132.0 104.3 102.1 123.5 109.3 103.3 127.7 112.4 92.8 128.9 108.2 107.2 111.2 107.4 95.3 119.4 110.3 109.7 110.4 108.0 93.4 128.5 105.4 99.6 114.4 107.6 86.7 128.7 112.4 106.4 126.4 106.0 100.4 128.8 120.7 116.5 143.9 110.7 110.0 129.8 110.2 104.4 133.3 105.8 93.0 129.4 Apparel products Men’s outerwear Women’s outerwear 23 231,2 233 8.2 2.0 2.5 96.8 89.8 113.1 98.4 87.9 119.1 98.8 86.3 116.4 95.1 81.7 112.7 92.2 77.2 109.6 91.5 77.8 109.5 90.5 81.1 104.9 89.4 77.5 106.8 90.8 78.7 106.2 92.3 79.7 109.1 98.6 85.0 118.2 99.9 86.6 121.1 Lumber and products Lumber Millwork and plywood 24 242 243 19.8 7.7 5.6 118.4 116.5 120.8 121.4 122.6 122.1 121.6 120.4 123.8 120.2 120.3 121.7 122.0 119.9 126.8 124.6 127.2 126.9 122.0 122.0 124.0 122.0 123.8 122.7 123.2 123.2 125.2 119.2 120.1 120.6 121.0 118.2 125.9 121.0 120.7 123.8 Furniture and fixtures Household furniture 25 251 6.0 3.2 119.0 115.1 118.9 113.1 117.0 112.0 117.2 112.6 119.7 115.8 120.9 118.6 118.2 116.1 116.3 112.8 115.7 113.1 114.6 110.4 121.3 117.3 119.5 112.3 Paper and products Wood pulp Paper Paperboard Paperboard containers Converted paper products 26 261 262 263 265 267 113.3 8.8 62.3 28.3 5.1 8.9 103.4 90.0 101.3 122.1 104.0 103.5 104.0 91.2 102.1 122.2 106.4 101.1 103.3 102.8 100.6 120.4 102.1 102.2 103.8 99.5 100.7 118.2 104.2 108.8 103.6 101.2 100.1 120.2 102.9 108.4 104.4 102.5 100.6 121.9 101.9 112.0 100.6 87.4 98.3 121.2 99.8 100.8 101.6 92.1 99.0 122.5 101.9 99.7 101.9 98.4 99.4 119.6 100.5 100.4 102.2 96.2 99.1 118.0 102.4 107.9 103.9 101.3 100.3 120.2 104.0 109.6 106.1 101.7 102.6 122.3 104.9 113.6 Printing and publishing Newspapers Commercial printing 27 271 275 17.3 3.6 9.2 114.5 98.9 120.0 114.8 100.9 121.0 115.7 105.4 123.1 114.3 100.8 123.3 110.6 101.1 122.1 109.1 101.8 121.5 104.2 91.0 111.9 104.5 91.7 113.5 107.9 97.5 117.1 109.1 97.6 119.1 114.3 105.8 124.9 120.7 113.2 130.9 Chemicals and products 28 Basic chemicals 281 Alkalies and chlorine 2812 Inorganic chemicals, nec 2819 Acid and fertilizer materials Nuclear materials, nondefense 171.7 78.9 14.9 38.3 14.0 24.3 101.2 94.3 83.9 91.5 95.9 89.4 102.4 96.0 82.9 97.4 99.8 96.2 102.2 94.8 83.8 94.3 90.6 96.1 103.4 98.5 81.3 99.1 98.0 99.6 94.1 79.9 82.4 61.3 100.3 42.0 88.9 73.7 81.2 54.7 98.4 33.0 98.3 91.9 81.4 89.5 93.4 87.5 101.7 97.1 84.8 100.9 95.8 103.4 102.5 96.3 86.5 97.3 89.8 101.1 104.5 100.5 83.1 103.9 97.2 107.2 94.2 79.5 83.4 61.3 99.2 42.5 90.5 74.1 81.2 53.2 98.8 30.5 Apr. 107.1 Mayr Juner Julyp 107.2 105.4 107.9 107.3 108.4 99.8 107.7 107.4 107.9 99.5 107.8 106.7 108.7 99.9 114.7 116.6 122.5 113.6 111.4 123.9 115.0 112.1 127.7 12.7 93.3 94.9 13 131 132 36.0 31.0 3.6 90.3 89.4 84.1 Stone and earth minerals Crushed stone Sand and gravel Chemical and fertilizer materials 14 142 144 147 12.8 3.5 2.7 4.7 Foods Meat products Dairy products Canned and frozen food Grain mill products Bakery products Sugar and confectionery Fats and oils Beverages Coffee and miscellaneous 20 201 202 203 204 205 206 207 208 209 Item Total 1987 SIC MAJOR INDUSTRY GROUPS Manufacturing Durable Nondurable Mining Tobacco products 16 Table 9 (continued) ELECTRIC POWER USE: MANUFACTURING AND MINING Index, 1992 = 100 1987 SIC 1992 Billion KWH Seasonally adjusted 1999 Feb. Mar. Chemicals and Products (cont.) Synthetic materials 282 Plastics materials 2821 Drugs and medicines 283 Soap and toiletries 284 Industrial organic chemicals 286 Agricultural chemicals 287 29.2 18.3 6.7 3.0 39.2 9.7 106.8 134.5 132.9 111.3 102.9 115.4 Petroleum products 29 47.0 Rubber and plastics products Tires Rubber products, nec Plastics products, nec 30 301 306 308 Leather and products Shoes Stone, clay, & glass products Flat glass Pressed and blown glass Cement Structural clay products Concrete products Not seasonally adjusted Apr. Mayr Juner Julyp 1999 Feb. Mar. Apr. Mayr Juner Julyp 105.3 130.8 129.5 110.3 106.6 118.5 107.4 131.9 130.4 111.2 104.8 118.0 103.9 130.6 128.6 111.9 100.9 118.5 108.2 134.8 128.5 112.6 111.7 123.8 104.5 131.1 128.1 110.6 105.3 120.8 104.1 129.0 123.4 107.0 100.0 113.5 102.7 129.5 120.5 107.2 103.4 116.3 107.1 132.8 121.5 105.7 103.8 120.0 104.8 130.5 124.1 106.7 100.8 120.3 108.8 135.6 135.4 114.5 109.7 123.3 106.4 132.7 140.1 119.5 106.2 120.0 110.5 107.8 109.5 113.4 111.7 108.5 104.4 102.2 109.0 111.4 112.8 111.1 38.0 4.3 3.2 28.9 125.6 108.0 118.8 130.9 128.1 114.8 117.2 133.3 128.6 116.6 116.7 133.6 127.8 116.0 117.5 132.5 129.1 116.4 115.9 134.4 129.5 113.5 119.2 135.0 124.7 107.9 118.9 129.7 127.7 113.0 117.6 133.0 127.9 114.8 114.9 133.2 127.3 113.1 115.4 132.8 133.5 119.2 118.7 139.3 130.9 115.2 119.4 136.5 31 314 1.0 .3 75.4 71.0 77.7 74.9 76.7 72.7 75.2 69.8 73.7 66.9 74.9 65.2 74.1 68.1 74.4 69.3 74.9 68.8 73.9 67.9 76.9 70.4 77.2 69.4 32 321 322 324 325 327 33.8 1.5 7.3 9.6 1.4 4.7 116.7 107.0 107.5 127.8 100.3 129.8 116.0 108.0 107.3 123.2 101.9 127.7 113.6 112.2 105.7 117.4 98.5 129.3 110.8 112.5 102.5 111.6 94.3 127.5 110.2 111.9 104.9 109.4 96.3 123.8 113.7 111.6 104.5 118.9 101.2 129.9 109.1 103.3 105.4 107.4 96.0 123.1 109.4 106.3 104.3 106.4 99.8 123.1 112.7 109.9 105.9 113.4 98.4 127.6 111.8 112.4 102.2 115.6 96.0 127.5 113.0 114.1 105.3 114.8 99.5 126.6 114.3 114.0 105.2 119.9 103.0 129.6 Primary metals Basic steel and mill products Iron and steel foundries Primary nonferrous metals Aluminum Nonferrous foundries 33 331 332 333 3334 336 150.9 57.0 9.9 66.2 60.3 2.7 98.5 107.0 114.1 80.2 71.8 125.3 98.8 109.0 113.9 79.5 71.1 130.8 98.9 105.8 118.1 80.9 71.7 134.6 98.6 106.4 116.0 81.1 70.1 132.9 100.3 110.2 121.8 79.3 72.6 140.2 99.4 107.3 121.9 78.7 71.2 142.2 97.5 106.6 116.9 77.2 68.6 130.0 100.3 111.3 117.1 79.7 71.9 133.1 100.1 108.3 121.6 80.5 71.6 134.5 99.7 109.1 116.1 81.5 72.1 130.0 100.6 110.4 121.4 80.1 72.3 138.5 97.4 103.3 115.4 80.2 72.2 135.7 Fabricated metal products Metal containers Hardware, tools, and cutlery Structural metal products Fasteners Metal stampings 34 341 342 344 345 346 31.4 2.9 2.7 5.4 1.7 6.7 113.9 102.1 109.5 114.1 110.5 131.0 116.2 107.0 114.9 118.0 112.2 129.9 115.9 102.5 113.7 119.6 113.4 129.5 115.0 101.8 113.4 118.2 117.1 128.4 116.4 103.7 113.2 119.9 117.0 131.4 115.8 102.1 111.4 117.0 118.1 133.0 114.1 100.9 109.1 115.2 110.6 132.5 116.0 106.3 112.9 118.2 112.2 131.6 114.2 102.8 110.6 117.2 111.0 128.9 113.4 101.6 110.6 116.4 114.2 128.3 117.9 105.5 116.0 119.3 119.3 133.2 117.2 105.5 113.4 118.4 120.1 130.3 Industrial machinery and equipment Engines and turbines Farm Construction and allied Metalworking Special industry General industrial Computer and office equip. Service industry machines 35 351 352 353 354 355 356 357 358 33.2 2.6 2.0 3.8 4.1 2.4 5.2 5.1 3.5 113.5 109.5 81.9 138.8 120.0 116.6 114.1 89.7 113.6 115.5 108.8 83.4 138.9 122.5 122.0 115.9 92.6 114.1 115.1 104.2 83.6 148.2 122.3 120.2 115.1 91.0 111.2 114.6 110.6 85.4 142.6 120.1 118.7 115.7 90.4 109.4 114.2 107.8 90.2 136.9 122.2 119.8 116.5 88.8 110.1 113.7 108.8 94.3 133.5 122.0 120.7 116.2 88.8 109.4 111.4 111.1 86.3 137.7 118.3 114.5 112.7 86.1 108.4 112.0 109.1 86.6 133.1 119.8 118.8 114.0 86.3 111.1 112.5 104.7 87.7 141.9 118.6 116.2 112.6 88.4 110.0 112.5 109.5 87.2 141.0 116.7 114.8 113.6 87.9 109.8 117.0 108.8 88.3 140.5 124.5 122.0 118.9 92.2 115.1 118.9 103.9 89.8 140.9 127.8 127.9 120.0 95.8 115.9 Electrical machinery Electrical distribution Electrical industrial Household appliances Lighting and wiring products TV and radio sets Communication equipment Electronic components 36 361 362 363 364 365 366 367 33.0 1.3 4.0 2.4 3.0 .8 3.3 14.5 108.4 90.1 90.4 99.0 117.2 116.6 104.2 117.5 109.0 93.0 89.4 103.8 118.6 120.4 103.6 118.1 108.3 96.2 87.6 99.7 117.0 114.4 103.4 117.7 107.0 95.4 84.9 95.6 114.1 119.1 106.3 116.4 106.1 92.7 84.4 93.7 115.3 119.0 102.2 115.8 107.3 92.5 85.4 92.8 117.5 108.0 105.4 118.2 104.2 87.8 89.1 96.5 117.4 110.0 97.8 111.7 105.0 90.0 87.9 100.4 116.6 115.0 98.1 113.1 105.0 91.0 87.2 97.3 115.5 109.6 99.3 114.2 105.4 91.7 84.9 97.4 114.3 117.8 102.3 114.4 109.7 94.6 86.9 98.8 118.9 122.2 106.8 119.9 112.2 96.7 88.6 97.6 119.2 112.4 113.8 124.5 Transportation equipment Motor vehicles and parts Aircraft and parts Ships and boats 37 371 372 373 39.6 22.8 10.7 2.2 103.4 115.1 82.9 101.6 108.8 122.0 85.2 108.3 111.1 123.0 91.9 111.1 110.7 122.1 92.1 112.5 107.6 117.3 91.7 110.4 110.8 123.3 91.5 110.5 100.9 111.7 80.2 107.4 105.7 118.4 82.0 108.2 108.2 119.7 89.2 110.2 109.5 121.2 90.7 109.4 112.2 123.4 94.4 111.6 112.6 123.6 95.7 110.1 Instruments Photographic equip. & supplies 38 386 13.7 1.8 99.8 82.3 100.9 87.6 103.5 96.3 106.5 90.6 103.3 96.8 103.4 93.5 95.8 82.1 97.0 86.4 98.5 90.8 102.2 87.9 107.1 97.2 111.4 98.4 Miscellaneous manufactures 39 4.5 119.3 123.3 123.1 123.4 125.3 128.2 116.3 119.8 120.6 121.7 128.7 133.4 909.8 835.3 98.8 107.3 107.5 101.0 107.9 107.3 103.7 107.6 107.3 101.2 107.6 107.2 104.3 108.3 105.5 105.1 107.4 104.6 102.9 104.3 104.0 96.2 105.3 105.3 103.8 106.3 106.5 99.5 106.8 107.1 101.8 109.8 107.2 101.7 109.0 105.7 104.3 Item SUPPLEMENTARY GROUPS Total, excluding nuclear nondefense Utility sales to industry Industrial generation 17 Explanatory Note The statistical release of Industrial Production and Capacity Utilization reports measures of output, capacity, and capacity utilization in manufacturing, mining, and the electric and gas utilities industries. The release also includes monthly indexes on the use of electric power in manufacturing and mining. Files containing data in the release and historical data are available under statistical releases at http://www.federalreserve.gov, the Board’s World Wide Web site. For paid access to these files through the Department of Commerce’s Economic Bulletin Board or World Wide Web site, please call STAT-USA at 1-800-STAT-USA or (202) 452-1986. Diskettes containing historical data and the data published in this release are available from the Board of Governors of the Federal Reserve System, Publications Services, (202) 452-3245. Industrial Production Coverage. The industrial production (IP) index measures output in the manufacturing, mining, and electric and gas utilities industries; the reference period for the index is 1992. For the period since 1992, the total IP index has been constructed from 267 individual series based on the 1987 Standard Industrial Classification (SIC). These individual series are classified in two ways: (1) market groups (shown in table 1), such as consumer goods, equipment, intermediate products, and materials; and (2) industry groups (shown in tables 2 and 6), such as two-digit SIC industries and major aggregates of these industries—for example, durable and nondurable manufacturing, mining, and utilities. Market groups. For purposes of analysis, the individual IP series are grouped into final products, intermediate products, and materials. Final products are assumed to be purchased by consumers, businesses, or government for final use. Intermediate products are expected to become inputs in nonindustrial sectors, such as construction, agriculture, and services. Materials are industrial output requiring further processing within the industrial sector. Total products comprise final and intermediate products, and final products are divided into consumer goods and equipment. Timing. The first estimate of output for a month is published around the 15th of the following month. The estimate is preliminary (denoted by the superscript “p” in tables) and subject to revision in each of the subsequent three months as new source data become available. (Revised estimates are denoted by the superscript “r” in tables.) After the fourth month, indexes are not revised further until the time of an annual revision or a benchmark revision. The last three benchmark revisions were published in 1990, 1985, and 1976. Source data. In annual or benchmark revisions, the individual IP indexes are constructed from a variety of source data, such as the quinquennial Censuses of Manufactures and Mineral Industries and the Annual Survey of Manufactures, prepared by the Bureau of the Census; the Minerals Yearbook, prepared by the Department of the Interior; and publications of the Department of Energy. On a monthly basis, the individual indexes of industrial production are constructed from two main types of source data: (1) output measured in physical units and (2) data on inputs to the production process, from which output is inferred. Data on physical products, such as tons of steel or barrels of oil, are obtained from private trade associations as well as from government agencies including those listed above; data of this type are used to estimate monthly IP where possible and appropriate. When suitable data on physical product are unavailable, estimates of output are based on either production-worker hours or electric power use by industry. Data on hours worked by production workers are collected in the monthly establishment survey conducted by the Bureau of Labor Statistics. The data on electric power use are described below. The factors used to convert inputs into estimates of production are based on historical relationships between the inputs and the comprehensive data used to benchmark the IP indexes; these factors also may be influenced by technological or cyclical developments. Especially for the first and second estimates for a given month, the available source data are limited and subject to revision. Weights. In the index, series that measure the output of an individual industry are weighted according to their proportion in the total value-added output of all industries. The industrial production index, which extends back to 1919, is built as an annually weighted chain-type index since 1977. The components of IP are combined using estimates of value added per unit of output. For months from January to June, the weights are drawn from the year containing the month being estimated and the preceding year; for months from July to December, the weights are drawn from the current and following year. The IP proportions shown in column 1 of tables 1A, 2A, and 6 are estimates of the industries’ relative contributions to overall growth in the following year. For example, a 1 percent increase in durable goods manufacturing in 1997 would account for an increase in total IP of nearly 1/2 percent. Seasonal adjustment. Individual series are seasonally adjusted by the X–11 ARIMA method, developed at Statistics Canada. For series based on production-worker hours, the current seasonal factors were estimated with data through October 1998; for other series, the factors were estimated with data through at least June 1998. Series are preadjusted for the effects of holidays or the business cycle where appropriate. For the data since 1977, all seasonally adjusted aggregate indexes are calculated by aggregating the seasonally adjusted indexes of the individual series. Reliability. The average revision to the level of the total IP index, without regard to sign, between the first and the fourth estimates was 0.28 percent during the 1987–97 period. The average revision to the percent change in total IP, without regard to sign, 18 from the first to the fourth estimates was 0.21 percentage point during the 1987–97 period. In most cases (about 83 percent), the direction of change in output indicated by the first estimate for a given month is the same as that shown by the fourth estimate. Rounding. The published percent changes are calculated from unrounded indexes, and may not be the same as percent changes calculated from the rounded indexes shown in the release. Capacity Utilization Definition. Capacity utilization is calculated for the manufacturing, mining, and electric and gas utilities industries. For a given industry, the utilization rate is equal to an output index divided by a capacity index. Output is measured by seasonally adjusted indexes of industrial production. The capacity indexes attempt to capture the concept of sustainable practical capacity, which is defined as the greatest level of output that a plant can maintain within the framework of a realistic work schedule, taking account of normal downtime, and assuming sufficient availability of inputs to operate the machinery and equipment in place. The 76 individual capacity indexes are based on a variety of data, including capacity data measured in physical units compiled by trade associations, surveys of utilization rates and investment, and estimates of growth of the capital input. Groups. Estimates of capacity and utilization are available for a variety of groups, including primary and advanced processing industries within manufacturing, durable and nondurable manufacturing, total manufacturing, mining, utilities, and total industry. Component industries of the primary and advanced processing groups within manufacturing are listed in the note on tables 2 and 3 of the release. Weights. Although each utilization rate is the result of dividing an IP series by a corresponding capacity index, aggregate utilization rates are equivalent to combinations of individual utilization rates aggregated with proportions that reflect current capacity levels of output valued in current-period value added per unit of actual output. The implied proportions of individual industry operating rates in the rate for total industry for the most recent year are shown in the first column of table 3. Perspective. The historical highs and lows in capacity utilization shown in the tables above are specific to each series and did not all occur in the same month. Industrial plants usually operate at capacity utilization rates that are well below 100 percent: none of the broad aggregates has ever reached 100 percent. For total industry and total manufacturing, utilization rates have exceeded 90 percent only in wartime. Electric Power Data on electric power (expressed in kilowatt hours) are collected by the Federal Reserve District Banks from electric utilities and also from manufacturing and mining establishments that generate electric power for their own use (cogenerators). The indexes of power use shown in table 9 are sums of kilowatt hours used by an industry or industry group expressed as a percentage of that industry’s or group’s usage in 1992. The first column of the table shows, for reference, electric power use in billions of kilowatt hours as reported by manufacturing and mining industries in the 1992 censuses of those industries. The supplementary group, “Total, less nuclear nondefense,” is shown separately because the value-added proportion for the nondefense nuclear material series (part of SIC 2819) in total IP is considerably smaller than its share of total electric power use. Excluding this component from total power use facilitates comparisons with total IP. References The annual revision published on November 24, 1998 is described more completely in the Federal Reserve Bulletin, vol.85 (January 1999). A description of the aggregation methods for industrial production and capacity utilization is included in an article in the Federal Reserve Bulletin, vol. 83 (February 1997), pp. 67–92. Industrial Production—1986 Edition contains a more detailed description of the other methods used to compile the industrial production index, plus a history of its development, a glossary of terms, and a bibliography. To obtain Industrial Production—1986 Edition ($9.00 per copy), write to Board of Governors of the Federal Reserve System, Publications Services, Washington, DC 20551. The major revisions to the IP indexes and capacity utilization since 1990 have been described in the Federal Reserve Bulletin (April 1990, June 1990, June 1993, March 1994, January 1995, and January 1996, February 1997, February 1998, January 1999). The basic methodology used to estimate capacity and utilization is discussed in the June 1990 Federal Reserve Bulletin. Release Schedule for 1999 and 2000 At 9:15 a.m. on: 1999: January 15, February 17, March 16, April 16, May 14, June 16, July 16, August 17, September 16, October 15, November 16, and December 15 2000: January 14, February 15, March 15, April 14, May 15, June 15, July 14, August 15, September 15, October 17, November 15, and December 15