Full text of G.17 Industrial Production and Capacity Utilization : August 15, 1996

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FEDERAL RESERVE statistical release
G.17 (419)

For release at 9:15 a.m. (EDT)
August 15,1996

INDUSTRIAL PRODUCTION AND CAPACITY UTILIZATION

Industrial production edged up 0.1 percent in July after an upward revised gain of 0.6 percent in June. A
4.3 percent gain in the output of motor vehicles and parts was mostly offset by a 1.8 percent decrease in the output of
utilities in July; output in other categories was unchanged, on balance. The gain in the production of motor vehicles and
parts was led by an increase in car and truck assemblies to a seasonally adjusted annual rate of 13.4 million units; the
decrease at utilities reflected cooler-than-normal weather on the East Coast. At 126.2 percent of its 1987 average, total
industrial production in July was 3.8 percent higher than it was in July 1995. Industrial capacity utilization decreased
0.2 percentage point, to 83.2 percent.
Market Groups
The production of consumer goods increased 0.3 percent because of the strength in the output of automotive
products. The production of other durable consumer goods edged down 0.1 percent, and the output of nondurable
(over)

INDUSTRIAL PRODUCTION AND CAPACITY UTILIZATION: SUMMARY
Seasonally adjusted
Index, 1987=100

Percent change

Industrial Production

1996
Apr/

Mayr

Juner

JulyP

Total index
Previous estimates

124.5
124.5

125.2
125.1

126.0
125.7

Major market qroups:
Products, total
Consumer goods
Business equipment
Construction supplies
Materials

120.8
115.9
166.3
109.2
130.3

121.2
116.1
166.2
110.4
131.4

Major industry groups:
Manufacturing
Durable
Nondurable
Mining
Utilities

126.5
138.3
113.5
100.4
126.4

127.2
139.2
114.0
100.2
127.9

Capacity Utilization
Total industry
Previous estimates
Manufacturing
Advanced processing
Primary processing
Mining
Utilities




Average
1967-95

1982
Low

1996
Apr/

Mayr

Juner

JulyP

July 95 to
July 96

126.2

.8
.7

.5
.5

.6
.5

.1

3.8

121.8
116.1
168.5
112.8
132.5

122.0
116.5
169.3
112.8
132.6

.6
.5
2.2
-2.1
.9

.3
.2
-1
1.1
.8

.5
.0
1.4
2.2
.8

.2
.3
.5
.0
.1

3.3
1.6
8.7
5.2
4.5

128.1
141.2
113.8
101.9
125.9

128.6
142.0
113.8
101.6
123.6

1.1
2.0
-.1
-.7
-1.3

.5
.6
.4
-.2
1.2

.7
1.4
=.2
1.7
-1.5

.3
.6
-.1
-.3
-1.8

4.3
8.0
-.4
.8
.8

Percent of Capacity
1996
1995
1988-89
High
July
Apr/

Mayr

Juner

Capacity
growth
July y& to
JulyP
July 96

82.1

71.8

84.9

83.3

83.0
82.9

83.2
83.1

83.4
83.2

83.2

3.9

81.4
80.7
82.6
87.4
86.9

70.0
71.4
66.8
80.6
76.2

85.2
83.5
89.0
86.5
92.6

82.4
80.6
86.7
90.0
90.8

81.9
80.4
85.5
89.7
92.7

82.0
80.3
86.0
89.6
93.7

82.3
80.6
86.5
91.1
92.2

82.3
80.7
86.2
90.9
90.3

4.4
5.1
2.5
-.1
1.3

consumer goods decreased 0.3 percent. Apart from a drop in the residential use of electricity, the output of nondurables
was little changed: Production gains in chemical and paper products were offset by declines in foods, tobacco, and fuels.
The output of business equipment increased 0.5 percent. The gain in motor vehicle assemblies boosted the
output of transit equipment, but the production of other types of transit equipment was little changed. The output of
industrial equipment declined 0.2 percent, its fifth consecutive monthly decrease. This string of declines is the most
pronounced cumulative drop in this grouping since 1991. Despite a 1.7 percent rise in the production of computers and
office equipment, the output of information processing equipment edged up only 0.2 percent; the production of some
types of communications equipment and instruments fell. The output of construction supplies held steady after
increasing substantially in the preceding two months; the production of goods in this grouping has risen 5.2 percent
during the past twelve months.
The output of industrial materials edged up despite the drop in electricity generation. The output of durable
goods materials advanced 0.4 percent, reflecting gains in computer parts and semiconductors. A rebound in paper and
paperboard production helped the output of nondurable goods materials post a 0.2 percent increase.
Industry Groups
Manufacturing production increased 0.3 percent; excluding motor vehicles and parts, the gain was
0.1 percent. Although the output of durable goods advanced 0.6 percent, the gain was concentrated in electrical
machinery and in office and computing equipment in addition to motor vehicles and parts. The production indexes for
lumber, furniture, primary metals, instruments, miscellaneous manufactures, and stone, clay, and glass products declined
1/2 percent or more. The output of nondurable goods edged down 0.1 percent. Among nondurable goods, only the paper
and products industry posted more than negligible gains; the output of food, tobacco, apparel, petroleum products, and
leather and products fell 1/2 percent or more. Mining output decreased 0.3 percent.
The factory capacity utilization rate held steady at 82.3 percent. The operating rate for the
advanced-processing grouping edged up 0.1 percentage point, to 80.7 percent, but the rate for the primary-processing
grouping fell 0.3 percentage point, to 86.2 percent. Capacity utilization in manufacturing is little changed from its level a
year ago. As was the case a year ago, the rate for advanced-processing industries stood at its 1967-95 average in July.
The rate for primary-processing industries has slipped 0.5 percentage point since July 1995, but it remains 3.6 percentage
points above its long-run average. The operating rate for mining decreased 0.2 percentage point in July, and the rate for
utilities fell 1.9 percentage points; rates for both of these sectors remain more than 3 percentage points above their
1967-95 averages.
This release and the history for all series published here are available on the Internet at http://www.bog.frb.fed.us,
the Board of Governors' World Wide Web site.




1996 Annual Revision of Industrial Production and Capacity Utilization
During the fourth quarter, the Federal Reserve will publish revisions of its measures of industrial
production (IP), capacity, capacity utilization, and industrial use of electric power; the current target month
for the release is November. The revisions of IP, capacity, and capacity utilization will incorporate updated
source data for recent years and will feature a change in the method of aggregating the indexes. From 1977
onward, the value-added proportions used to weight individual series will be updated annually rather than
quinquennially. In addition, the IP indexes and the capacity measures will be rebased so that 1992 actual
output equals 100. Capacity utilization, the ratio of IP to capacity, will be recomputed on the basis of revised
IP and capacity measures.
The aggregate IP indexes will be constructed with a superlative index formula similar to that
introduced by the Bureau of Economic Analysis as the featured measure of real output in its January 1996
comprehensive revision of the National Income and Product Accounts. At present, the aggregate IP indexes
are computed as linked Laspeyres indexes, with the weights updated every five years. Because of the rapid
fall in the relative price of computers and peripheral equipment, that periodic updating of weights is too
infrequent to provide reliable estimates of current changes in output, capacity, and capacity utilization. With
the publication of the revision, value added proportions will be updated annually, and the new index number
formula will be applied to all aggregates of IP, capacity, and gross value of product. For the most part,
relative price movements among the 260 individual components of the IP index are likely to have little visible
effect on total IP. However, the more frequent updating of the relative price of the output of the computer
industry could lower overall IP growth in some years by as much as 1/2 percentage point; in other years, the
updating of weights will have virtually no effect. Because the new index number formula will slow capacity
growth as well as IP growth, the effect of the reaggregation on overall capacity utilization should be small.
The regular updating of source data for IP will include the introduction of annual data from the
1994 Annual Survey of Manufactures and selected 1995 Current Industrial Reports of the Bureau of the
Census. Available annual data on mining for 1994 and 1995 from the Department of the Interior will also be
introduced. Revisions to the monthly indicators for each industry (physical product data, production worker
hour, or electric power usage) and revised seasonal factors will be incorporated back to 1992.
The statistics on the industrial use of electric power will be revised back to 1972. These
revisions stem from three basic sources. First, the new figures incorporate more complete reports received
from utilities for the past few years. Second, an updated panel of reporters on cogeneration will be fully
integrated into our survey of electric power use. Third, the levels of the monthly electric power series for
manufacturing industries will be benchmarked to indexes derived from data published in the Census Bureau's
annual surveys and censuses of manufactures. These indexes will also be revised so that 1992 electric power
usage equals 100.
More detail on the plans for this revision is available on the Internet at
http://www.bog.frb.fed.us, the Board's World Wide Web site. Once the revision is published, the revised
dam wiii be available at thai site and on diskettes from the Board of Governors of the Feucial Resei vc
System, Publication Services, 202-452-3245. The revised data will also be available through the Economic
Bulletin Board of the Department of Commerce; for information about the Bulletin Board, call 202-482-1986.
In addition to the data currently provided, the time series of implicit prices necessary for a user to aggregate
IP and capacity under the new methodology will be provided. For information on these revisions, call the
Industrial Output Section at 202-452-3151.




INDUSTRIAL PRODUCTION AND CAPACITY UTILIZATION

July data

Seasonally adjusted
Industrial production indexes

Twelve-month percent change

Twelve-month percent change

Manufacturing

5
0
-5

-10
Durable
manufacturing

10

5
0
-5

-10
1990

1992

1996 1990

1994

1992

1994

1996

Manufacturing

Total industry
Ratio scale. 1987 production = 100

Ratio scale, 1987 production = 100

85
70
Percent of capacity

Percent of capacity

90
85

90
Utilization

Utilization

85

80

80

75

75

70

70
65

65

!

I

1985




i

-J

I

1990

I

I

I

I

1995

_J

I

I

I

1985

!

I

I

I

I

1990

I

I

t

i

1995

Table 1A
INDUSTRIAL PRODUCTION: MARKET GROUPS
Index, 1987=100
Seasonally Adjusted

1992
Value1
Index
added

1996
Feb.

Mar.

100.0

107.7

124.2

60.6
46.3

106.4
108.7

Consumer goods
Durable
Automotive products
Autos and trucks
Autos
Trucks
Auto parts and allied goods
Other durable goods
Appliances, TVs, and air-cond.
Carpeting and furniture
Miscellaneous
Nondurable
Foods and tobacco
Clothing
Chemical products
Paper products
Energy products
Fuels
Utilities

28.6

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

17.7
13.7

Not seasonally adjusted
JulvP

1996
Feb.

Mar.

Aor.r

Mavr

Juner

JulvP

126.0

126.2

123.9

123.2

122.5

123.4

128.1

124.5

121.2
125.0

121.8
125.5

122.0
125.9

119.8
124.3

119.0
122.9

118.0
121.9

118.9
122.7

124.4
128.1

120.3
122.6

115.9
125.5
133.5
135.9
104.1
192.7
127.2
118.5
139.7
104.4
117.1
113.6
112.2
88.8
133.8
106.1
121.8
111.5
126.2

116.1
126.1
134.1
135.4
106.2
187.3
129.9
119.2
138.9
105.5
118.2
113.7
111.8
89.2
134.0
107.2
122.0
111.7
126.3

116.1
130.1
137.5
138.9
110.4
189.2
133.1
123.6
151.6
110.0
118.6
112.7
111.4
88.2
132.3
106.6
119.6
110.7
123.3

116.5
133.5
145.0
149.8
116.5
209.3
133.5
123.5
153.3
109.5
117.9
112.3
110.6
88.1
133.1
108.0
117.0
110.0
119.9

116.8
129.4
140.9
145.4
110.2
208.5
130.3
119.3
145.3
105.2
115.7
113.8
107.2
87.7
128.6
106.9
148.4
106.5
166.5

114.9
124.8
129.4
124.2
86.3
193.2
138.2
120.8
148.9
106.6
116.2
112.5
108.0
87.1
129.5
107.2
134.4
106.1
146.6

113.0
129.0
139.5
143.1
109.6
203.2
130.6
119.7
142.5
108.1
116.0
109.1
107.5
86.9
126.8
106.9
113.3
110.2
114.4

113.2
128.7
140.1
145.0
114.3
199.6
128.6
118.8
142.1
103.1
117.3
109.4
109.5
89.5
130.4
106.9
101.4
112.5
96.4

118.7
136.0
148.8
155.4
123.7
211.6
133.8
124.9
153.6
112.7
118.7
114.5
115.8
92.6
139.9
106.1
103.7
112.4
99.7

112.4
107.9
100.3
84.6
69.0
111.9
130.5
114.5
132.8
105.5
111.2
113.6
110.2
87.7
145.6
106.6
112.7
111.4
113.2

136.5
162.7
221.6
476.0
130.3
121.2
113.6
122.5
64.2
96.3
168.2

139.2
166.3
224.9
491.1
129.9
136.1
140.0
122.1
64.0
100.6
170.7

139.4
166.2
225.9
503.3
129.4
135.1
138.2
121.2
64.4
104.3
170.4

140.8
168.5
229.9
513.1
128.7
138.9
141.9
124.0
63.8
102.3
172.4

141.2
169.3
230.3
521.8
128.4
144.5
152.0
123.2
63.6
99.1
170.7

136.2
163.5
215.1
454.1
129.8
140.1
148.6
123.8
63.3
85.7
153.8

135.8
162.0
216.9
463.4
129.4
129.0
126.5
122.8
64.7
87.6
170.6

136.3
162.9
217.1
467.2
126.9
139.7
147.0
122.0
63.4
91.0
176.3

138.1
165.1
222.0
492.7
127.5
140.7
146.1
121.4
64.1
94.1
174.5

143.3
172.4
233.7
527.9
130.7
149.7
158.2
123.9
63.5
95.4
187.5

139.3
167.4
239.6
554.0
129.7
112.1
94.5
121.2
62.3
97.0
157.9

109.3
109.3
109.5

109.6
111.5
108.6

108.6
109.2
108.4

109.7
110.4
109.4

110.5
112.8
109.2

110.2
112.8
108.7

106.2
104.3
107.6

107.2
108.7
106.4

106.4
108.9
104.9

107.4
111.3
105.1

113.1
117.7
110.3

113.5
115.4
112.5

109.7

129.4

129.1

130.3

131.4

132.5

132.6

130.3

129.7

129.3

130.4

133.9

130.9

4.0
7.5
9.2
3.1
8.9
1.1
1.8
3.9
2.1
9.7
6.3
3.3

112.8
107.4
120.9
108.4
110.0
110.1
100.5
110.8
112.7
109.9
103.7
100.5
110.1

147.3
141.1
176.3
127.8
123.7
116.1
101.8
113.4
121.3
117.1
106.1
101.3
115.5

145.5
132.5
176.8
127.4
124.4
116.3
103.0
113.7
121.6
116.4
108.2
103.9
116.7

147.3
142.1
177.2
126.8
123.7
118.8
104.9
118.9
123.6
117.8
107.0
103.1
114.9

148.8
143.4
178.8
128.1
124.3
119.8
106.1
118.6
125.3
118.3
107.5
102.4
117.8

150.5
148.0
181.3
128.1
125.4
120.3
106.8
115.2
127.0
120.0
107.8
103.3
116.9

151.1
148.7
183.1
127.6
124.3
120.5
107.0
118.2
126.5
119.0
106.9
102.7
115.4

147.0
142.7
176.0
126.7
126.0
117.1
103.5
115.9
123.2
114.6
109.1
104.4
118.4

146.1
135.5
177.1
127.2
126.8
117.5
106.0
115.0
122.6
116.5
108.4
104.5
116.2

146.5
141.4
175.3
126.7
126.0
119.9
107.0
117.6
125.9
118.2
104.0
101.4
109.0

148.8
146.3
177.6
127.8
124.7
119.0
109.6
115.5
124.9
116.5
104.5
101.0
111.3

152.6
150.7
182.4
130.6
126.1
121.5
108.1
117.6
127.3
121.5
108.3
104.3
116.2

148.4
140.8
181.0
126.8
121.2
117.9
98.6
115.2
125.4
117.2
108.1
101.8
120.8

Total excluding:
Autos and trucks
Motor vehicles and parts
Computer and office equipment

97.2
95.2
98.2

107.8
107.7
106.2

123.8
123.3
119.5

123.9
123.7
118.7

124.1
123.5
119.5

124.8
124.2
120.1

125.5
124.8
120.7

125.4
124.7
120.8

123.2
122.7
119.3

123.1
122.9
118.5

121.8
121.2
117.7

122.7
122.0
118.4

127.3
126.5
122.7

125.6
125.1
118.8

Consumer goods excluding:
Autos and trucks
Energy

27.0
25.7

106.7
105.8

115.5
115.9

115.6
114.3

114.6
115.2

114.8
115.4

114.6
115.7

114.3
116.4

115.0
113.3

114.3
112.7

111.0
112.9

111.1
114.5

116.3
120.4

114.2
112.3

Business equipment excluding:
Autos and trucks
Computer and office equipment

12.5
12.2

124.3
115.1

167.5
135.5

167.5
132.3

168.7
134.8

168.8
133.8

170.9
135.4

170.9
135.6

164.8
134.9

165.4
132.6

164.3
133.2

166.8
133.5

173.6
138.4

174.8
131.1

Materials excluding:
Energy

29.7

111.9

137.8

136.6

138.6

139.9

141.3

141.7

137.9

137.4

138.4

139.7

143.1

139.0

item
Total index
Products, total
Final products

Intermediate products
Construction supplies
Business supplies
Materials
Durable
Consumer parts
Equipment parts
Other
Basic metals
Nondurable
Textile
Paper
Chemical
Other
Energy
Primary
Converted fuel

r

1

Aor.

r

Mav

June "

123.6

124.5

125.2

120.7
124.5

120.0
123.4

120.8
124.8

106.0
103.0
100.9
97.1
80.9
125.2
107.3
104.9
110.4
97.1
106.8
106.9
105.4
96.2
119.6
103.8
108.2
104.6
109.6

116.6
125.1
133.1
133.5
99.7
194.4
130.7
118.1
137.5
103.4
117.7
114.5
112.0
90.3
138.1
106.0
122.6
111.8
127.2

115.3
119.3
120.3
111.1
77.0
173.1
137.2
118.5
138.3
105.7
116.9
114.4
112.3
88.9
136.7
105.8
123.9
112.2
128.8

112.5
123.4
137.8
172.6
105.7
135.8
112.9
103.3
84.8
79.9
94.2

137.3
164.8
220.5
463.3
131.3
133.2
136.0
123.5
63.1
89.7
157.8

5.3
9.0

99.3
95.2
102.0

39.4
20.8

5.6
2.5
1.6
.9
.7
.9
3.0
.7
.8
1.5

23.0
10.3
2.4
4.5
2.9
2.9
.9
2.1

5.7
1.4
4.0
2.6
1.2
1.4
3.3
.6
.2

14.3

SPECIAL AGGREGATES

1. Proportion as a share of the value added for the total index.




Table 1B
INDUSTRIAL PRODUCTION: MARKET GROUPS
Percent change
1994 0 4
to
1995Q4

Seasonally adjusted
annual rate
1996
1995

r

Seasonallvadiusted
1996
Aor/
Mavr June1" JulvP

Not seasonally adjusted
1996
Apr/
Mavr Juner JulvP

July 95
to
Julv96

03

Q4

Q1

Q2

Total index

1.6

3.2

.6

3.0

6.0

.8

.5

.6

.1

-.6

.8

3.8

-2.8

3.8

Products, total
Final products

1.0
1.3

3.9
4.1

-.4

3.5
5.0

4.9
6.0

.6
1.1

.3
.2

.5
.4

.2
.3

-.8
-.8

.7
.7

4.6
4.4

-3.2
-4.3

3.3
3.9

Consumer goods
Durable
Automotive products
Autos and trucks
Autos
Trucks
Auto parts and allied goods
Other durable goods
Appliances, Tvs, and air-cond.
Carpeting and furniture
Miscellaneous
Nondurable
Foods and tobacco
Clothing
Chemical products
Paper products
Energy products
Fuels
Utilities

.5
-.9
-1.1
-2.3
-6.0
1.9
1.2
-.7
5.1
-3.7
-2.1
1.0
-.5
-8.7
6.0
.4
6.6
1.0
9.0

3.8
2.7
1.0
-.6
.0

-.1

1.9

-10.0
-12.2
-20.6
-34.8
-3.3

20.0
30.2
53.1
100.4
16.5
-5.6
11.0
23.7
13.0

.5
5.2

.0
3.1
2.5
2.5
4.0
1.0
2.4
3.7
9.2
4.3
.4
-.9
-.4
-1.1
-1.3
-.6
-2.0
-.9
-2.4

.3
2.6
5.4
7.9
5.5
10.6
.3
-.1
1.1
-.4
-.7
-.3
-.7
-.1
.6
1.3
-2.1
-.6
-2.8

-1.6
3.3
7.9
15.3
27.0
5.2
-5.5
-.9
-4.3
1.4
-.2
-3.0
-.4
-.2
-2.1
-.3
-15.7
3.8
-21.9

.2
-.2
.4
1.3
4.3
-1.8
-1.5
-.8
-.3
-4.6
1.2
.3
1.8
3.0
2.8
.0
-10.5
2.1
-15.8

4.9
5.7
6.2
7.2
8.2
6.0
4.0
5.1
8.1
9.3
1.2
4.6
5.8
3.5
7.3
-.7
2.3
3^5

-5.4
-20.7
-32.6
-45.6
-44.2
-47.1
-2.4
-8.3
-13.5
-6.4
-6.3
-.8
-4.8
-5.3
4.1
.4
8.7
_g
13^4

1.6
9.9
15.7
21.0
15.3
27.7
5.5
4.6
16.0
1.5
.4
-.6
-2.0
-5.9
3.5
.3
.8
1.7
.4

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

2.5
4.6
13.9
36.2
3.5
-14.2
-6.1
-3.6
-9.1
-4.8
13.1

Item

Intermediate products
Construction supplies
Business supplies
Materials
Durable
Consumer parts
Equipment parts
Other
Basic metals
Nondurable
Textile
Paper
Chemical
Other
Energy
Primary
Converted fuel

-j

-1.3

4.6
4.3
14.2

-1.0

.0
3.6
3.1
1.6

-5.4

9.7
6.0
4.2

6.8

20.9
-2.4

-1.9

-.3

4.1
.5
-9.8
13.6

-1.0
-4.2
-9.4
12.7

2.4

-.3

16.7

-4.1
-4.6
-3.9

2.6
22.8

4.5
6.1

-2.4

12.0
23.9

16.1
45.0

2.8
2.7

-2.6

_ j

.6

-9.4

-1.7
-11.8

-'i
-.1
-2.1
.3
-1.6
-.6
-2.0

.2
.5
.4
-.3
2.0
-2.8
2.1
.5
-.6
1.0
.9
.1
-.3
.4
.2
1.0
.1
.2
.1

2.0
2.2
1.5
3.2
-.3
12.3
23.2
-.3
-.4
4.5
1.5

.1
-.1
.4
2.5
-.4
-.7
-1.3
-.8
.7
3.7
-.2

1.0
1.4
1.8
1.9
-.5
2.8
2.7
2.4
-.9
-1.9
1.2

.3
.5
.2
1.7
-.2
4.0
7.1
-.7
-.3
-3.1
-1.0

.4
.6
.1
.8
-1.9
8.3
16.2
-.7
-1.9
3.9
3.4

1.3
1.3
2.3
5.5
.5
.7
-.6
-.5
1.1
3.3
-1.0

3.8
4.4
5.3
7.1
2.5
6.4
8.3
2.1
-1.0
1.4
7.4

-2.8
-2.9
2.5
5.0
-.8
-25.1
-40.2
-2.1
-1.9
1.7
-15.8

7.2
8.7
16.8
40.4
1.0
3.4
8.7
.5
-4.4
12.1
14.9

-1.0
-2.1
-.2

1.0
1.1
.9

.8
2.2
-.2

_^

'o

-.5

-.8
.2
-1.4

1.0
2.2
.2

5.3
5.8
4.9

.4
-2.0
2.0

1.5
5.2
-.7

7.6

.9

.8

.8

.1

-.3

.9

2.7

-2.3

4.5

4.3

7.5

-3.6
11.0

20.0

1.0
.9
.9
1.0
.5
.8
1.1
A
.5
-.7
2.6

1.2
3.1
1.4
.0
.9
.4
.6
-2.9
1.3
1.5
.3
.9
-.8

.4
.5
1.0
-.3
-.9
.2
.2
2.6
-.4
-.8
-.8
-.6
-1.3

.2
4.4
-1.0
-.4
-.7
2.1
.9
2.3
2.6
1.5
-4.1
-2.9
-6.2

1.6
3.5
1.3
.9
-1.0
-.8
2.4
-1.8
-.8
-1.5
.5
-.4
2.1

2.5
3.0
2.7
2.1
1.2
2.1
-1.3
1.8
1.9
4.4
3.6
3.2
4.5

-2.8
-6.6
-.7
-2.9
-3.9
-3.0
-8.9
-2.0
-1.5
-3.5
-.2
-2.4
3.9

7.7
11.0
11.4
2.6
-.5
1.3
4.3
^.6
1.7
4.6
-.6
.4
-2.3

6.6
-7.9
-16.8
-8.5
-2.2

5.6
-5.6
16.5
10.9
18.7
13.0
14.5
21.7
48.4

1.5
-6.4

6.4

2.6

4.1

-6.6

-39.6
-17.0
-4.3
-16.4
-21.7
21.1

18.7
-23.7

4.5
-.6

-.8
7.0

37.4

64.9
26.7

5.5
-.6
-5.7

-.8
17.2

-.9

3.3
1.1
4.7

1.6
6.0

-1.4

-1.1

-2.6

2.4

2.1

2.0

2.2

5.3
-.3

7.2
2.5

13.2

17.5

1.1
.5

.3
-.3

7.1
5.8
8.8
6.0
4.6

-2.7
-7.1
-3.7

-9.2
-18.9
-8.0
-6.5
-10.2

-3.1
-3.0
-10.9
-3.4

1.0

-3.8

4.1
-4.3

12.1
11.0
16.3
41.4
-3.2
32.2
51.4

.3

-.4
.0

-.3

3.5

5.0

.6

1.6
5.5
—9

11.0
22.3
35.1
11.3
-7.3

.0
1.0
-1.2

.2

-5.5
-5.0
-12.6
-11.5
-3.0

12.9
17.8
15.2
12.8

1.2
3.8
3.2
4.8

8.7
2.8
3.9
.9

1.3
7.2
.2
-.4
-.6
2.2
1.9
4.6
1.7
1.2
-1.1
-.8
-1.5

1.7

9.9
-.4
-.4

P

i.3

-j

.1
-.3
.9

-3.4

9.5

-5.6
-1.9
-12.0

Total excluding:
Autos and trucks
Motor vehicles and parts
Computer and office equipment

1.7
1.8
.6

3.2
3.3
2.5

.8
.7
-.8

3.9
4.5
1.4

4.8
4.1
4.7

.2
-.1
.7

.6
.5
.4

.6
.5
.6

-.1
-.1
.1

-1.1
-1.3
-.7

.8
.7
.6

3.7
3.7
3.7

-1.3
-1.2
-3.2

3.4
3.3
2.6

Consumer goods excluding:
Autos and trucks
Energy

.8
-.1

4.2
2.5

-.1
.5

1.6

-1.2

-1.9

2.7

-.8
.8

.2
.2

-.2
.2

-.3
.6

-2.9
.2

.1
1.4

4.7
5.1

-1.8
-6.7

.2
1.7

5.6

6.2
2.6

2.0

18.4

-1.2

-8.1

7.0

8.2
3.7

.7
1.9

.0
-.8

1.3
1.2

.0
.2

-.7
.5

1.5
.2

4.1
3.7

.7
-5.2

8.7
1.8

3.1

2.4

4.3

1.8

8.9

1.5

.9

1.0

.3

.7

1.0

2.4

-2.8

6.0

SPECIAL AGGREGATES

Business equipment excluding:
Autos and trucks
Computer and office equipment
Materials excluding:
Energy

Note—Percent changes shown in the first and last columns are based on seasonally adjusted data.




Table 2A
INDUSTRIAL PRODUCTION: INDUSTRY GROUPS
Index, 1987=100
Seasonailv Adjusted

1992
Value1
Index
SIC added

1996
Feb.

Mar.

Aor.

100.0

107.7

124.2

123.6

124.5

85.4

108.2

126.2

125.2

26.6
58.9

104.8
109,7

116.3
131.0

45.0
2.0
1.4
2.1

109.3
95.2
99.2
95.3

Primary metals
33
331,2
Iron and steel
Raw steel
333-6,9
Nonferrous
34
Fabricated metal products
Industrial machinery
35
and equipment
Computer and office equip
357
36
Electrical machinery

3.1
1.7
.1
1.4
5.0

Transportation equipment
Motor vehicles and parts
Autos and light trucks
Aerospace and misc.
Instruments
Miscellaneous

Item
Total index
Manufacturing
Primary processing
Advanced processing
Durable
Lumber and products
Furniture and fixtures
Stone, clay, and glass products

32

37
371

372-6,9
38
39

Nondurable
Foods
Tobacco products
Textile mill products
Aoparei products
Paper and products
Printing and publishing
Chemicals and products
Petroieum products
Rubber and piastics products
Leather and products

JuivP

Mar.

Aor/

Mavr

Juner

JulvP

126.0

126.2

123.9

123.2

122.5

123.4

128.1

124.5

127.2

128.1

128.6

124.7

124.4

125.0

126.5

131.3

126.6

117.5
130.8

118.5
131.3

119.4
132.3

119.2
133.0

115.8
128.9

117.0
127.9

117.7
128.4

118.2
130.4

121.5
135.9

117.3
130.9

135.6
107.5
107.7
102.9

138.3
108.4
108.9
103.6

139.2
107.3
111.9
104.9

141.2
109.1
113.0
105.9

142.0
107.8
112.5
104.4

137.3
101.6
109.8
100.4

136.4
106.5
106.4
101.3

137.2
107.4
107.6
103.3

139.1
106.8
108.8
106.3

144.2
112.4
113.5
109.3

137.2
106.1
111.8
104.5

117.1
119.5
112.5
113.6
117.0

118.0
120.2
114.9
114.8
116.1

119.2
122.9
112.9
114.2
115.5

119.0
121.8
113.2
115.1
116.7

121.1
125.4
115.7
115.5
117.4

120.0
124.1
114.4
114.4
117.5

120.5
123.7
117.1
116.0
114.6

121.0
123.8
118.6
117.1
115.5

121.6
126.3
115.4
115.3
113.3

119.4
122.3
114.4
115.5
115.7

121.1
125.9
116.4
114.7
119.6

115.4
120.9
111.5
108.3
117.3

124.0
172.6
123.5

196.1
463.3
188.7

197.8
476.0
187.9

199.0
491.1
187.3

201.0
503.3
188.8

204.2
513.1
192.0

205.7
521.8
194.2

195.1
454.1
187.6

197.9
463.4
187.7

195.7
467.2
184.8

199.8
492.7
187.1

209.3
527.9
192.8

211.6
554.0
189.7

9.5
4.8
2.5
4.7
5.4
1.3

104.8
107.4
102.1
102.3
106.3
106.9

112.1
141.1
132.8
84.2
113.4
124.0

103.1
121.3
109.9
85.7
112.9
124.0

114.6
144.3
135.5
86.0
112,8
122.6

114.9
144.7
135.3
86.3
112.4
123!o

117.1
148.7
138.9
86.8
113.3
124.4

120.1
155.0
149.6
86.6
112.6
123.1

115.9
148.9
144.8
84.2
111.2
121.1

107.6
130.0
122.8
86.2
111.6
123.1

115.8
147.2
142.7
85.6
110.6
121.6

118.5
151.4
144.9
86.9
110.7
122.6

123.0
159.7
155.5
87.6
114.7
124.5

98.8
113.0
84.8
85.2
114.6
117.8

40.5

106.7
106.9
95.8
104.0
95.0
110.0

113.8
116.0
90.9
106.2
90.9
113.5

113.6
115.6
92.6
109.0
89.7
115.5

113.5
115.4
94.6
108.2
90.4
118.9

114.0
115.4
91.9
108.8
90.8
119.5

113.8
114.6
93.0
111.1
90.9
119.4

113.8
114.1
90.8
111.0
90.5
121.4

110.7
109.9
93.9
105.3
89.7
116.0

111.2
110.6
94.3
109.2
88.9
116.6

111.5
111.0
89.5
111.2
88.2
119.2

112.5
113.3
87.3
111.7
90.6
116.2

117.1
117.4
102.2
116.9
92.7
120.9

114.8
116.0
75.7
105.9
88.6
118.8

98.7
127.1
110.2
139.7
77.1

967

963

126.5
109.9
140.5
76.7

126.0
109 7
"137.6
76.2

97.5
126.4
109.8
140.7
'75.9

96.6
126.5
109.7
140.5
75.7

96.7
126.6
108.9
140.5
73.9

94.6
123.5
101.7
139.4
75.1

93.9
123.9
102.2
140.8
75.7

94.2
124.3
107.1
138.1
75.8

95.1
125.2
111.5
140.6
76.0

98.5
130.6
114.2
142.8
77.5

101.3
131.9
113.7
136.0
69.7

989

125.2

126.5

117.1
129.0

137.5
103.3
110.5
104.1

101.9
104.7
101.2
98.1
99.0

8.0
1.8
7.2

20
21
22
23
26

9.4
1.6
1.8
2.2
3.6

27
28
29

6.8
9,9
1.4

Mav

r

June

31

.3

98.1
114.4
102.6
116.2
89.0

10
12
13
14

6.9
.5
1.0
4.8
.6

98.9
163.7
108.2
93.2
99.1

98,0
157.1
108.0
90.2
117.2

101.1
166.1
114.8
92.6
117.4

100.4
158.3
109.5
93.3
115.6

100.2
161.3
111.9
92.8
112.7

101.9
164.4
113.2
94.1
117.9

101.6
164.0
108.5
94.5
118.7

98.0
157 7
115.3
90.7
101.5

100 5
166.5
120.5
91.9
108.2

99.6
160.6
109.9
92.1
115.6

164.0
105.9
91.4
118.5

101.3
171.9
1118
92.4
124.7

99.6
163.8
98.4
92.7
127.2

491,3pt
492,3pt

7.7
6.1
1.6

111.9
111.7
112.7

126.6
126.6
126.3

128.0
127.1
131.5

126.4
125.7
128.9

127.9
128.7
124.8

125.9
127.1
121.4

123.6
124.4
120.5

142.0
126.9
201.4

133.0
121.3
179.2

117.4
113.2
133.9

113.8
118.9
93.2

119.8
131.7
72.7

126.6
140.8
70.3

80.6
83.7

108.2
106.3

125.4
120.7

125.4
119.5

125.5
120.7

126.1
121.2

126.9
122.0

127.0
122.3

123.2
119.3

124.1
118.9

123.6
119.4

125.0
120.6

129.6
124.9

127.4
119.9

12.0
6.1
5.9
5.6
0.3

9.9
4.7
5.3

12.2
6.3
5.9
5.6
0.3

12.1

12.4

13.4
7.0
6.3
6.0
0.3

10.8
5.1
5.7
5.4
0.3

13.0
6.7
6.3
6.0
0.3

12.8

6.7
5.7
5.4
0.3

12.6
6.5
6.2
5.8
0.3

13.8

6.4
5.7
5.4
0.3

7.3
6.4
6.1
0.3

6.9
5.9
5.6
0.3

8.1
4.4

Mining
Metal mining
Coal mining
Oil and gas extraction
Stone and earth minerals
Utilities
Electric
Gas

24
25

Not seasonailv adjusted

1996
Feb.

r

r

30

SPECIAL AGGREGATES
Manufacturing excluding:
Motor vehicles and parts
Computer and office equipment
Memo: Motor vehicle assemblies2
Total
Autos
Trucks
Light
Heavy and medium

5.0
0.3

3.7
3.4
0.3

1. Proportion as a share of the value added for the total index.
2. 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.




Table 2B
INDUSTRIAL PRODUCTION: INDUSTRY GROUPS
Percent change

SIC

Item

1994Q4
to
1995Q4

Seasonally adjusted
annual rate
1996
1995
Q4
Q2r
Q1
Q3

July 95
to
Julv 96

-.6

.8

3.8

-2.8

3.8

.7

.3

.5

1.2

3.8

-3.6

4.3

.8
.4

.8
.7

-.2
.5

.6
.4

.4
1.5

2.8
4.2

-3.5
-3.6

2.0
5.3

2.0
.8
1.1
.7

.6
-1.0
2.8
1.3

1.4
1.7
1.0
.9

.6
-1.2
-.5
-1.4

.6
.8
1.1
2.0

1.4
-.6
1.0
2.8

3.6
5.2
4.4
2.8

-4.8
-5.6
-1.5
-4.3

8.0
3.9
1.2
1.1

3.1
2.4
.7
4.0
1.0

1.0
2.3
-1.7
-.5
-.5

-.1
-.9
.2
.8
1.1

1.8
2.9
2.2
.4
.6

-1.0
-1.0
-1.1
-1.0
.1

.5
2.1
-2.7
-1.6
-1.9

-1.8
-3.2
-.9
.1
2.1

1.4
3.0
1.7
-.6
3.4

-4.7
-4.0
-4.2
-5.6
-2.0

1.4
4.1
2.6
-1.8
4.5

19.5
48.4
7.7

13.1
41.4
6.7

.6
3.2
-.3

1.0
2.5
.8

1.6
1.9
1.7

.7
1.7
1.1

-1.1
.8
-1.5

2.1
5.5
1.2

4.7
7.1
3.1

1.1
5.0
-1.6

16.9
40.4
10.5

-13.7
-.5
.8
-31.5
-.2
2.4

-4.8
-20.7
-21.9
27.8
57
1^2

31.7
46.5
56.7
11.4
1.5
-.1

11.1
19.0
23.3
.3
-.1
-1.1

.3
.3

.4
-.4
.3

1.9
2.7
2.7
.6
.8
1.1

2.6
4.3
7.7
-.2
-.6
-1.0

7.6
13.3
16.2
-.6
-.9
-1.2

2.3
2.8
1.6
1.5
.1
.8

3.8
5.5
7.3
.8
3.7
1.6

-19.6
-29.2
-45.4
-2.7
-.1
-5.3

7.6
13.4
20.4
-1.1
2.2
1.4

-.4
-1.0
4.4
-9.6
-8.9
-5.5

-1.3
-1.4
-19.8
-5.3
-8.9
-4.7

-1.5
1.8
7.7
-10.4
-10.2
-11.1

1.1
-1.2
14.0
11.4
3.4
17.1

-.1
_2
2A
-.8
.8
2.9

.4
.0
-2.9
.5
.4
.5

-.2
-.7
1.2
2.1
.1
-.1

-.1
-.5
-2.4
-.1
_^
1^7

.2
.3
-5.1
1.9
-.8
2.2

1.0
2.1
-2.5
.4
2.7
-2.5

4.0
3.6
17.1
4.7
2.3
4.0

-1.9
-1.2
-25.9
-9.3
-4.4
-1.8

-.4
-1.0
-8.4
1.0
-4.6
.1

-1.9
2.4
.2
-.5
-9.2

3.5
2.0
4.5
-.6
-10.6

-3.0
5.9
-5.2
3.0
-8.5

-5.0
1.7
7.4
-.1
-8.8

-3.9
-1.9
.2
-.3
-2.9

-.3
-.4
-.2
-2.0
-.6

1.2
.3
.1
2.2
-.5

-.9
.1
-A
-.3

.1
.1
-.7
.0
-2.4

.3
.4
4.8
-1.9
.1

1.0
.7
4.1
1.8
.2

3.6
4.3
2.5
1.6
2.1

2.8
1.0
-.5
-4.8
-10.1

-2.4
2.1
.0
2.1
-6.1

10
12
13
14

-1.8
8.0
-3.1
-3.0
2.0

-1.8
16.7
9.4
-6.5
3.2

-7.7
9.6
-13.9
-8.5
-3.1

1.9
-29.7
-4.9
64
9.7

8.8
1.2
10.7

-.7
-4.7
-4.6

-.2
1.9
2.1
-6
-2.5

1.7
1.9
1.2
1 4
4.5

-.3
-.2
-4.1
4
.7

-.9
-3.5
-8.8
3
6.8

-.7
2.2
-3.6
-8
2.5

2.4
4.8
5.5
5.3

-1.7
-4.7
-12.0
,3
2.0

.8
-4.7
-7.3
2.8
4.6

491,3pt
492,3pt

6.2
5.1
10.5

14.2
16.0
7.5

-2.1
-3.9
5.3

1.7
.3

2.8
1.9

1.6
-.1

.6

1.4

2.6

1.4

-1.1
2.5

-2.1
4.8

.1
2.0

3.4
-.2
-3.7
.1

5.2
6.7
.6
-1.8

3.6
4.7
-4.8
4.8

Primary metals
33
331,2
Iron and steel
Raw steel
Nonferrous
333-6,9
Fabricated metal products
34
Industrial machinery
and equipment
35
Computer and office equip
357
Electrical machinery
36

-1.7
-2.4
.7
-.7
.9

-2.9
-1.9
4.5
-4.1
2.5

12.5
36.2
11.9

37
371

3.0

6.0

.8

.5

.6

2.4

6.5

1.1

.5

-1.4
4.1

6.2
6.6

.4
1.4

5.5
-4.3
-2.9
-1.5

10.8
14.6
7.9
2.6

2.1
-.1
1.6
5.0
2.1

.1
4.3
-4.9
-5.1
6.0

10.7
23.9
17.9

18.8
45.0
10.5

372-6,9
38
39

-6.2
-2.6
-2.7
-11.8
.6
.6

-2.8
.6
-.8
-7.9
1.5
-1.4

20
21
22
23
26

-1.0
.4
-6.1
-5.7
-9.0
-3.0

27
28
29
30
31

1.6

Manufacturing
Primary processing
Advanced processing
Durable
Lumber and products
Furniture and fixtures
Stone, clay, and glass products

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

Not seasonally adjusted
1996r
ADr.
Mavr Juner JulvP

.1

3.2

Total index

Transportation equipment
Motor vehicles and parts
Autos and light trucks
Aerospace and misc.
Instruments
Miscellaneous

Seasonallv adjusted
1996r
Aor.
Mavr Juner JulvP

24
25
32

mo

a

8.9
9.0
8.2

3.2
.0
2.3
-8.4

-1.5
-1.3
-1.1
-1.9

4.1
.6

4.2
4.9

.1
1.0

_ -j

_ -j

11

1.2
2.3
-3.2

-1.5
-1.2
-2.7

-1.8
-2.1
-.7

-11.8
-6.7
-25.3

-3.1
5.1
-30.4

5.3
10.7
-22.0

5.7
6.9
-3.3

.8
1.8
-3.2

.5
.4

.6
.7

.1
.3

-.3
.4

1.1
1.0

3.7
3.6

-1.7
-4.1

3.7
2.8

SPECIAL AGGREGATES
Manufacturing excluding:
Motor vehicles and parts
Computer and office equipment

Note—Percent changes shown in the first and last columns are based on seasonally adjusted data.




Table 3
CAPACITY UTILIZATION: MANUFACTURING, MINING, AND UTILITIES
Percent of capacity, seasonally adjusted
Item

SIC

1995
Proportion

19671995

19901991

Low

19881989
Hiqh

Low

1995
Julv

1996
Feb.

Mar.

Apr/

Mav r

June1"

Julv p

19781980
Hiqh

1982

Ave.

1973
Hiqh

Total industry

100.0

82.1

89.2

87.3

71.8

84.9

78.0

83.3

83.3

82.6

83.0

83.2

83.4

83.2

Manufacturing

87.3

81.4

88.9

87.3

70.0

85.2

76.6

82.4

82.3

81.3

81.9

82.0

82.3

82.3

66.8
71.4

89.0
83.5

77.9
76.1

86.7
80.6

84.9
81.1

85.3
79.6

85.5
80.4

86.0
80.3

86.5
80.6

86.2
80.7

25.2
62.1

82.6
80.7

92.2
87.5

89.7
86.3

48.8
1.8
1.4
2.1

79.3
83.3
81.9
78.0

88.8
90.1
96.8
89.2

86.9
87.6
86.6
87.0

65.0
60.9
68.9
63.1

84.0
93.3
86.8
83.8

73.7
76.1
72.2
71.0

81.7
86.9
82.7
79.0

82.5
84.8
81.4
78.7

80.9
88.2
79.1
77.6

82.1
88.7
79.9
78.0

82.2
87.6
81.9
78.8

82.9
89.0
82.6
79.3

83.0
87.7
82.0
78.0

80.9
80.6
80.2
81.7
73.5
88.6

100.6
105.8
102.7
92.9
92.1
95.7

102.4
110.4
95.7
90.5
80.8
97.6

46.8
38.3
35.2
62.2
42.1
58.6

92.8
95.7
92.7
88.7
85.9
100.4

74.2
72.0
71.5
75.2
73.6
97.3

92.0
89.8
91.3
94.8
82.7
80.9

89.8
88.9
90.3
91.0
83.7
85.1

90.3
89.1
91.9
91.8
82.5
85.2

91.0
90.8
90.0
91.1
86.9
85.6

90.6
89.7
89.9
91.6
85.8
84.9

92.0
92.1
91.6
91.8
80.3
84.9

90.8
90.9

333-6,9
3331
3334

2.9
1.6
.1
1.3
.1
.1

34

5.1

77.8

87.8

83.9

62.9

82.0

71.3

82.9

85.1

84.3

83.8

84.5

84.9

84.8

35
357
36

9.7
3.2
8.8

81.2
80.7
80.8

96.4
90.9
87.8

92.1
93.5
89.4

64.9
63.1
71.1

84.0
84.4
84.9

71.8
64.5
77.0

86.2
85.5
86.2

89.9
92.5
85.1

89.9
93.0
83.7

89.5
93.8
82.5

89.5
94.1
82.1

90.1
93.9
82.5

89.9
93.5
82.5

37
371

10.3

75.1
76.2

83.8
93.4
77.0
89.9
82.9

56.7
44.5
40.1
66.9
79.0
66.1

84.4
85.1
89.1
88.4
81.2
80.1

69.7
56.6
53.3
78.8
76.8
73.0

73.0

75.2
81.8
75.5

82.7
93.0
92.2
81.1
92.5
78.7

77.6
67.2
77.5
73.4

72.5
77.9
81.7
65.5
79.3
73.2

66.6
66.7
67.5
66.7
78.9
73.0

74.0
79.1
83.2
67.0
78.8
72.0

74.1
79.1
82.9
67.3
78.4
72.0

75.4
81.0
85.1
67.8
79.0
72.5

77.3
84.2
91.5
67.8
78.5
71.6

83.5
82.3
86.2
80.9
89.8
92.4
86.1

87.9
86.0
92.0
84.2
96.9
97.1
89.7

87.0
84.3
91.7
86.0
94.2
98.2
92.2

76.9
78.8
73.8
78.9
82.0
82.1
83.0

86.7
83.3
92.1
84.2
94.8
98.1
92.3

80.3
80.8
78.8
75.0
86.7
90.1
79.0

83.1
82.5
83.7
74.8
91.6
96.3
80.3

81.9
82.2
79.4
71.0
84.1
87.9
80.2

81.6
81.9
81.4
70.1
85.4
87.7
78.6

81.5
81.6
80.7
70.6
87.7
91.2
78.4

81.7
81.5
81.0
70.9
87.9
91.4
79.4

81.5
80.8
82.6
70.9
87.7
89.8
78.7

81.3
80.3
82.4
70.6
89.0

27

9.1
1.7
2.2
3.2
1.3
6.3

28
Chemicals and products
Plastics materials
2821
2823,4
Synthetic fibers
29
Petroleum products
Rubber and plastics products
30
31
Leather and products

9.9
.7
.4
1.2
3.4
.2

79.8
86.2
85.2
86.0
84.5
82.3

87.9
102.0
93.8
96.7
94.0
81.3

85.1
90.9
98.5
89.5
90.4
92.4

70.1
63.4
64.4
68.2
73.5
78.1

85.9
97.0
99.7
88.5
90.5
83.8

79.0
74.8
77.6
84.6
78.0
76.0

79.9
87.9
86.4
93.7
89.8
78.9

80.7
91.3
83.9
94.3
89.4
78.6

80.1
92.6
85.2
94.0
89.7
78.3

79.7
93.4
83.0
93.8
87.7
78.0

79.7
94.5
86.2
93.8
89.4
77.8

79.6

79.5

88.0
93.6
89.1
77.7

92.9
88.9
76.0

10
12
13
138
14

5.7
.4
.9
3.9
.6
.5

87.4
78.7
86.9
88.2
72.6
84.6

94.4
90.3
90.8
96.6
93.0
93.7

96.6
87.6
95.7
96.9
104.3
93.3

80.6
43.4
75.4
82.5
50.8
63.3

86.5
87.9
91.4
86.1
60.7
90.0

86.1
80.0
83.4
86.8
53.7
79.4

90.0
88.8
88.5
90.1
72.8
91.8

87.6
80.5
81.2
88.9
75.0
93.1

90.3
85.1
86.2
91.4
80.7
93.2

89.7
81.0
82.2
92.1
84.4
91.6

89.6
82.5
83.9
91.7
87.8
89.1

91.1
84.0
84.8
93.0
86.3
92.9

90.9
83.8
81.2
93.5
83.7
93.4

491,3pt
492,3pt

6.9
5.4
1.5

86.9
89.0
82.5

95.6
99.0
93.2

88.3
88.3
93.6

76.2
78.7
70.8

92.6
94.8
85.5

83.1
86.7
68.3

90.8
92.3
85.5

93.1
94.9
86.4

94.0
95.2
89.8

92.7
94.0
88.0

93.7
96.1
85.1

92.2
94.8
82.7

90.3
92.6
82.0

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
Fabricated metal products
inausiriai rnacninery
and equipment
Computer and office equip
Eiectrical machinery
Transportation equipment
Motor vehicles and parts
Autos and light trucks1
Aerospace and misc.
Instruments
Miscellaneous
Nondurable
Foods
Textile mill products
Appare! 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

24
25

32
33

331,2

372-6,9
38
39

5.8
2.9
4.5
5.3
1.5

38.5
20
22
23
26

261-3

111

90.8
84.8

78.8

1. Series begins in 1977.
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.




10

Table 4
INDUSTRIAL CAPACITY: MANUFACTURING, MINING, AND UTILITIES

Item

SIC

Percent chanae
Annual rate
December to December
1967- 1967- 19751995
1975
1995
Ave. 1992 1993 1994 1995 1996P
Ave.
Ave.

Capacity indexes
Percent of 1987 outout
1995
Julv

1996
Feb.

Mar.

Apr.

Mav

June

Julv

Total industry

2.9

3.7

2.5

2.1

2.1

3.2

3.8

4.0

145.9

149.1

149.6

150.1

150.6

151.0

151.5

Manufacturing

3.3

3.9

3.0

2.5

2.5

3.6

4.3

4.5

149.7

153.5

154.0

154.6

155.1

155.7

156.3

1.5
2.9

2.2
4.2

2.6
4.9

2.4
5.3

134.9
156.9

136.9
161.5

137.2
162.1

137.5
162.8

137.7
163.5

138.0
164.2

138.3
164.9

3.1
1.2
1.9
.2

4.8
.8
1.9
1.0

6.1
3.5
1.7
1.8

6.6
2.3
2.4
2.8

160.8
119.4
134.4
130.7

166.7
121.7
135.8
132.3

167.6
122.0
136.1
132.6

168.5
122.2
136.4
132.9

169.4
122.4
136.6
133.2

170.3
122.6
136.9
133.5

171.2
122.9
137.2
133.8

2.0
3.1
1.4

.6
-1.2

2.1
1.8
3.3
2.4
2.5

.0

.0

3.2
3.8
4.0
2.4
-.9
.0

128.6
132.7
122.2
123.0
158.4
125.0

130.3
134.4
124.6
124.8
160.2
125.0

130.7
134.9
125.0
125.0
160.0
125.0

131.0
135.3
125.4
125.3
159.9
125.0

131.4
135.7
125.9
125.5
159.8
125.0

131.7
136.2
126.3
125.8
159.6
125.0

132.1
136.6
126.7
126.1
159.5
125.0

1.9

2.2

2.0

135.7

137.4

137.6

137.8

138.1

138.3

138.5

12.5
29.5
15.6

204.2
434.9
203.8

218.1
501.1
221.8

220.2
512.1
224.4

222.3
523.3
227.1

224.4 226.6
534.7 546.4
229.9 232.6

228.9
558.3
235.5

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
Fabricated metal products
industrial macmnery
and equipment
Computer and office equip
Electrical machinery
Transportation equipment
Motor vehicles and parts
Autos and light trucks1
Aerospace and misc.
'nsniments
Jisudianeous
Nondurable
Foods
Textile mill products
Apparel products
^aper and products
Pulp and paper
Printing and publishing

24
25

32

Utilities
Electric
Gas

4.0
3.9

1.4
3.8

3.6
1.7
3.0
1.3

3.7
2.9
4.5
2.5

3.6
1.3
2.3
.8

2.5
.7
1.0

.0
-.7

-.7

-1.4
-1.7

-1.2
-2.4
-3.1

.4
-.4
-.4

.4
7.8
.3

-.2
-.8
-4.3
.5
5.0
.5

1.0

.4

1.1

.7

333-6,9
3331
3334

1.3
.3
1.3

1.7
.7
.3
3.6
1.8
5.2

34

1.6

3.1

35
357
36

6.7

4.7

7.6

4.0

6.0

9.0

20.7

12.0

24.8

14.0

19.1

25.5

5.9

6.1

5.9

6.5

7.4

9.9

11.6
26.9
15.2

37
371

2.6
3.4

3.0
4.5

2.5
2.9

372-6,9

1.7
4.8
2.5

1.3
7.6
4.4

1.9
3.6
1.6

2.1
3.8
2.5
.3
1.3
5.0

1.9
4.6
2.7
-.9
.9
3.6

3.5
6.8
6.1
-.2
.9
3.9

2.0
5.5
2.9
-2.4
.9
4.0

1.5
3.8
1.6
-1.7
1.0
3.8

152.8
176.0
160.1
130.4
142.2
165.5

154.6
181.3
162.5
128.6
143.0
169.3

154.7
181.8
162.7
128.4
143.1
169.9

154.9
182.4
162.9
128.3
143.2
170.4

155.1
182.9
163.1
128.1
143.3
170.9

155.3
183.5
163.3
127.9
143.4
171.5

155.5
184.0
163.5
127.7
143.6
172.0

2.9
2.5
2.3
1.5

4.3
3.0
4.3
2.3
3.9
3.0
3.0

2.2
2.3
1.4
1.1
2.3
2.1
2.8

2.4
2.2
2.6
2.4

1.7
2.1
3.4
2.5
2.2
1.7

2.2
2.0
3.1
.9
1.4
1.8

1.9
1.7
3.7
2.3
3.3
3.3
-.2

1.6
1.6
1.7
.3
2.8
2.2
-.6

137.5
139.7
131.2
126.6
132.4
127.2
123.2

139.0
141.1
133.7
128.0
134.9
129.5
123.0

139.2
141.3
133.9
128.1
135.2
129.7
123.0

139.4
141.4
134.1
128.1
135.5
129.9
122.9

139.6
141.6
134.2
128.1
135.6
130.2
122.8

139.7
141.8
134.4
128.1
136.2
130.4
122.8

139.9
142.0
134.6
128.2
136.O
130.6
122.7

6.8
9.7
4.2
8.6

2.5
3.8
1.8
.3
4.1

4.1
1.1
5.0
4.2

2.5
.4
1.5
-.5
4.1

-3.3

-1.5

-4.1

-2.6

-2.2

2.2
3.3
3.6
.3
4.7
-2.6

2.4
5.0
3.5
.6
3.3
-2.8

2.6
3.7
2.4
.9
3.1
-2.4

155.3
134.9
136.1
116.3
153.3
99.7

157.5
138.6
138.6
116.8
156.2
98.1

157.9
139.0
138.9
116.9
156.6
97.9

158.2
139.4
139.2
117.0
157.0
97.7

158.5
139.9
139.4
117.1
157.4
97.5

158.9
140.3
139.7
117.1
157.8
97.3

159.2
140.7
140.0
117.2
158.2
97.2

10
12
13
138
14

.0
1.4
2.4
-.6
.3
1.0

-.1

-1.2
2.5
.9
-2.3
-8.2
.6

-.9
1.6
1.1

.8
2.6

.1
1.6
2.4
-.4
.1
.3

.9

-.1
-.6
1.1
-.5
-1.0
1.6

-.1
1.1
1.1
-9
-2.4
3.1

-2^5
2.4

111.9
193.8
132.2
102.0
121.4
123.7

111.9
195.0
133.0
101.5
119.6
125.8

111.9
195.2
133.2
101.4
119.4
126.0

111.8
195.3
133.3
101.3
119.1
126.3

111.8
195.5
133.4
101.2
118.9
126.5

111.8
195.6
133.5
101.2
118.6
126.8

111.8
195.8
133.6
101.1
118.4
127.0

491,3pt
492,3pt

2.8
3.9
.3

6.0
7.8
2.3

1.4
2.2
-.6

1.2
1.5
.0

.5
.6
.2

.5
.4
.5

1.1
1.2

1.5
1.6
1.1

135.1
132.4
145.5

136.0
133.4
146.2

136.2
133.6
146.3

136.3
133.8
146.5

136.5
133.9
146.6

136.7
134.1
146.7

136.8
134.3
146.9

33

331,2

38
39
20
22
23
26

261-3
27

Chemicals and products
28
2821
Plastics materials
Synthetic fibers
2823,4
29
Petroleum products
Rubber and plastics products
30
31
Leather and products
Mining
Metal mining
Coal mining
Oil and gas extraction
Oil and gas well drilling
Stone and earth minerals

2.2
3.8

1.4
2.9

-1.1

n o

2.4
2.9
3.8
6.5
4.2
1.5
5.5

12.7

.7
2.5

-1.0

n o
C-.C

2.2
1.0

-1.3

-1.0

-1.9
-6.2

p. Preliminary estimate for current year.
1. Series begins in 1977.




11

n A
C 1

.7

-.1
.9
1.1
—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
1984
1985
1986
1987
1988

2.0
.4
.5
-.3
.3

-.1
.7
-.7
1.4
.2

1.0
.3
-.9
.4
.0

.6
.4
.2
.5
.8

.7
.2
.0
.6
-.3

.5
-.3
-.5
.9
.0

.4
-.3
.5
.4
.6

.1
.5
.2
.3
.6

-.1
.5
.1
-.2
-.5

-.7
-.8
.7
1.3
.3

.0
.4
.7
.1
.6

-.6
1.0
.6
.7
.6

11.2
2.4
2.4
5.5
3.8

7.7
3.8
-3.4
8.1
3.0

4.0
.1
1.3
5.2
2.9

-3.4
1.2
5.8
6.5
3.0

9.3
1.7
.9
4.9
4.4

1989
1990
1991
1992
1993

.3
-.5
-.5
-.1
.3

.o
.5
-1.0
.6
.4

.9
.3
-.8
.9
.0

.0
-.7
.3
.7
.2

-.3
.7
.8
.5
-.5

-.3
.2
1.1
-.3
.2

-1.0
-.2
.2
.8
.6

.5
.3
.3
-.2
.0

-.4
.0
.8
.2
.7

-.4
-.5
.1
.7
.1

.4
-1.3
^6
.7

.7
-.4
-.5
.2
.9

3.9
2.1
-8.4
.8
3.7

.3
1.1
1.1
7.0
.5

-4.4
1.6
6.7
3.1
3.2

-.2
-5.2
2.0
4.9
5.5

1.5
.0
-1.8
3.4
3.5

1994
1995
1996

.4
.3
-.2

.8
-.1
1.3

.8
.1
-.5

.3
-.4
.8

.5
.0
.5

.5
.1
.6

.2
.1
.1

.5
1.0

.1
.1

.7
-.5

.5
.3

.8
.2

8.4
3.9
3.0

7.0
-1.4
6.0

4.6
3.2

6.4
.6

5.9
3.2

Industrial
Production
1984
1985
1986
1987
1988

91.0
93.1
96.1
96.5
103.2

90.9
93.8
95.5
97.9
103.4

91.9
94.1
94.6
98.2
103.4

92.4
94.5
94.8
98.8
104.3

93.0
94.7
94.7
99.4
104.0

93.5
94.4
94.3
100.3
104.0

93.9
94.1
94.8
100.6
104.6

94.0
94.5
94.9
100.9
105.2

93.9
95.0
95.0
100.7
104.7

93.2
94.2
95.6
102.1
105.0

93.3
94.6
96.3
102.2
105.6

92.8
95.6
96.8
102.8
106.3

91.3
93.6
95.4
97.5
103.3

93.0
94.5
94.6
99.5
104.1

93.9
94.6
94.9
100.8
104.8

93.1
94.8
96.2
102.3
105.6

92.8
94.4
95.3
100.0
104.4

1989
1990
1991
1992
1993

106.6
105.5
104.0
105.0
110.4

106.2
106.1
102.9
105.6
110.8

107.1
106.4
102.1
106.5
110.8

107.1
105.7
102.4
107.3
111.1

106.7
106.5
103.2
107.8
110.6

106.4
106.7
104.3
107.5
110.8

105.3
106.5
104.5
108.4
111.4

105.8
106.8
104.8
108.2
111.4

105.4
106.8
105.7
108.4
112.2

105.0
106.3
105.8
109.2
112.3

105.4
105.0
105.6
109.8
113.1

106.1
104.5
105.1
110.0
114.1

106.6
106.0
103.0
105.7
110.7

106.7
106.3
103.3
107.5
110.8

105.5
106.7
105.0
108.3
111.7

105.5
105.3
105.5
109.7
113.2

106.0
106.0
104.2
107.7
111.5

1994
1995
1996

114.6
121.8
122.5

115.5
121.7
124.2

116.4
121.9
123.6

116.8
121.4
124.5

117.5
121.3
125.2

118.1
121.4
126.0

118.4
121.5
126.2

118.9
122.7

119.1
122.8

119.9
122.2

120.5
122.6

121.5
122.8

115.5
121,8
123.4

117.5
121,4
125.2

118.8
122.3

120.6
122.5

118.1
121.9

Capacity
1984
1985
1986
1987
1988

113.3
116.0
119.2
121.6
123.9

113.5
116.2
119.4
121.8
124.1

113.7
116.5
119.6
122.0
124.2

113.9
116.8
119.8
122.2
124.4

114.2
117.1
120.0
122.4
124.5

114.4
117.3
120.2
122.6
124.7

114.6
117.6
120.4
122.8
124.8

114.8
117.9
120.6
123.0
125.0

115.0
118.2
120.8
123.2
125.1

115.3
118.4
121.0
123.4
125.3

115.5
118.7
121.2
123.6
125.4

115.7
119.0
121.4
123.8
125.5

113.5
116.2
119.4
121.8
124.1

114.2
117.1
120.0
122.4
124.5

114.8
117.9
120.6
123.0
125.0

115.5
118.7
121.2
123.6
125.4

114.5
117.5
120.3
122.7
124.7

1989
1990
1991
1992
1993

125.7
128.1
130.5
132.9
135.8

125.9
128.3
130.7
133.2
136.0

126.1
128.5
130.9
133.4
136.3

126.3
128.7
131.1
133.6
136.5

126.5
128.9
131.3
133.9
136.7

126.7
129.1
131.5
134.1
137.0

126.9
129.3
131.7
134.3
137.2

127.1
129.5
131.9
134.6
137.5

127.3
129.7
132.1
134.8
137.7

127.5
129.9
132.3
135.1
137.9

127.7
130.1
132.5
135.3
138.2

127.9
130.3
132.7
135.5
138.4

125.9
128.3
130.7
133.2
136.0

126.5
128.9
131.3
133.9
136.7

127.1
129.5
131.9
134.6
137.5

127.7
130.1
132.5
135.3
138.2

126.8
129.2
131.6
134.2
137.1

1994
1995
1996

138.7
143.2
148.7

139.1
143.6
149.1

139.5
144.1
149.6

139.8
144.5
150.1

140.2
145.0
150.6

140.5
145.4
151.0

140.9
145.9
151.5

141.3
146.3

141.7
146.8

142.0
147.2

142.4
147.7

142.8
148.2

139.1
143.6
149.1

140.2
145.0
150.6

141.3
146.3

142.4
147.7

140.8
145.7

80.4
80.3
80.6
79.3
83.2

80.1
80.7
79.9
80.3
83.3

80.8
80.7
79.1
80.5
83.2

81.1
80.9
79.1
80.8
83.8

81.5
80.9
78.9
81.2
83.5

81.8
80.5
78.4
81.8
83.4

81.9
80.0
78.7
81.9
83.8

81.8
80.2
78.7
82.0
84.2

81.6
80.4
78.7
81.8
83.7

80.9
79.6
79.1
82.7
83.8

80.8
79.7
79.4
82.7
84.2

80.2
80.4
79.8
83.1
84.6

80.4
80.6
79.9
80.1
83.3

81.4
80.7
78.8
81.3
83.6

81.8
80.2
78.7
81.9
83.9

80.6
79.9
79.4
82.8
84.2

81.1
80.3
79.2
81.5
83.7

1989
1990
1991
1992
1993

84.8
82.4
79.7
78.9
81.3

84.3
82.7
78.7
79.3
81.5

84.9
82.8
78.0
79.9
81.4

84.8
82.1
78.1
80.3
81.4

84.3
82.6
78.6
80.5
80.9

83.9
82.6
79.3
80.2
80.9

83.0
82.4
79.4
80.7
81.2

83.3
82.5
79.4
80.4
81.1

82.8
82.4
80.0
80.4
81.5

82.3
81.8
79.9
80.8
81.4

82.5
80.7
79.7
81.2
81.8

82.9
80.2
79.2
81.2
82.4

84.7
82.6
78.8
79.4
81.4

84.3
82.5
78.7
80.3
81.0

83.0
82.4
79.6
80.5
81.2

82.6
80.9
79.6
81.0
81.9

83.7
82.1
79.2
80.3
81.4

1994
1995
1996

82.6
85.1
82.4

83.0
84.7
83.3

83.5
84.6
82.6

83.6
84.0
83.0

83.8
83.7
83.2

84.0
83.5
83.4

84.0
83.3
83.2

84.2
83.9

84.0
83.7

84.4
83.0

84.6
83.0

85.1
82.9

83.0
84.8
82.8

83.8
83.7
83.2

84.1
83.6

84.7
82.9

83.9
83.8

Utilization
1984
1985
1986
1987
1988

_ -j

1. Quarterly percent changes are at annual rates. Annual percent changes are calculated from annual averages.




12

Table 5B
INDUSTRIAL PRODUCTION, CAPACITY AND UTILIZATION FOR MANUFACTURING: HISTORICAL DATA
Seasonally adjusted
Jan.

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.

Oct.

Nov.

Dec.

Q1

Q2

Q3

Q4

Annual

Industrial
Production,
Percent
Change1
1984
1985
1986
1987
1988

2.3
.1
1.3
-.6
.2

.6
.6
-.4
1.7
.1

.9
.7
-1.0
.5
.2

.4
.3
.9
.4
.7

.5
.6
.0
.7
-.1

.6
-.5
-.3
.9
.0

.4
-.2
.6
.4
.5

.2
.8
.5
.0
.4

-.1
.2
.3
.2
.0

.0
-.7
.7
1.0
.1

.0
1.3
.5
.4
.9

-.4
.1
1.0
.6
.6

13.3
1.7
4.6
6.3
3.6

6.9
5.1
.1
8.6
3.3

4.7
1.0
3.5
5.6
3.0

-.3
2.4
7.2
6.8
4.4

10.4
2.6
2.9
6.0
4.7

1989
1990
1991
1992
1993

.8
-.1
-.9
.1
.8

-.9
.9
-.9
.8
.3

.6
.4
-.9
.9
.0

.2
-.9
.3
.6
.4

-.5
.5
.7
.6
-.4

-.2
.0
1.3
.0
.0

-1.2
-.3
.3
.8
.6

.4
.5
.3
-.1
-.1

-.4
-.1
1.0
.1
.9

-.5
-.6
.1
.6
.0

.3
-1.2
-.2
.6
.8

.2
-.5
-.4
.0
1.1

4.3
3.7
-9.8
2.3
4.6

-.3
.2
1.0
7.6
1.2

-5.3
1.0
8.1
3.8
3.0

-1.3
-5.5
2.5
4.3
6.0

1.6
-.3
-2.1
4.2
3.9

1994
1995
1996

.2
.3
-.2

.9
-.2
1.4

1.0
.1
-.9

.6
-.4
1.1

.6
-.3
.5

.3
.1
.7

.4
.0
.3

.6
.7

.2
.6

.9
-.4

.6
.1

.9
.3

8.9
3.9
2.4

8.5
-2.2
6.5

5.1
2.6

7.9
1.4

6.6
3.4

Industrial
Production
1984
1985
1986
1987
1988

87.1
89.9
94.0
96.2
103.2

87.6
90.4
93.6
97.8
103.4

88.3
91.1
92.7
98.3
103.6

88.7
91.4
93.5
98.7
104.3

89.1
92.0
93.6
99.4
104.2

89.7
91.5
93.3
100.3
104.2

90.1
91.3
93.9
100.7
104.7

90.3
92.0
94.4
100.7
105.1

90.2
92.3
94.6
100.9
105.2

90.2
91.6
95.3
102.0
105.3

90.2
92.8
95.8
102.4
106.2

89.8
92.8
96.7
103.0
106.8

87.7
90.5
93.5
97.4
103.4

89.2
91.6
93.5
99.4
104.2

90.2
91.9
94.3
100.8
105.0

90.1
92.4
95.9
102.5
106.1

89.3
91.6
94.3
100.0
104.7

1989
1990
1991
1992
1993

107.7
105.5
103.4
105.1
111.2

106.7
106.5
102.5
105.9
111.5

107.3
107.0
101.5
106.9
111.5

107.6
106.0
101.8
107.6
112.0

107.1
106.6
102.5
108.2
111.6

106.8
106.6
103.8
108.1
111.6

105.5
106.3
104.2
109.0
112.3

106.0
106.9
104.5
108.9
112.2

105.6
106.8
105.6
109.0
113.2

105.1
106.2
105.7
109.7
113.2

105.4
104.9
105.5
110.4
114.1

105.6
104.4
105.1
110.3
115.3

107.2
106.3
102.5
106.0
111.4

107.2
106.4
102.7
108.0
111.7

105.7
106.6
104.8
109.0
112.5

105.4
105.1
105.4
110.1
114.2

106.4
106.1
103.8
108.2
112.3

1994
1995
1996

115.5
124.1
124.5

116.6
123.9
126.2

117.8
124.0
125.2

118.5
123.5
126.5

119.1
123.2
127.2

119.5
123.3
128.1

120.0
123.3
128.6

120.7
124.2

120.9
124.9

122.0
124.4

122.7
124.5

123.8
124.8

116.6
124.0
125.3

119.0
123.3
127.3

120.5
124.1

122.8
124.6

119.7
123.9

Capacity
1984
1985
1986
1987
1988

109.4
113.1
117.6
121.2
124.1

109.7
113.4
117.9
121.5
124.3

110.0
113.8
118.2
121.7
124.5

110.3
114.2
118.5
121.9
124.7

110.6
114.6
118.8
122.2
124.9

110.9
115.0
119.1
122.4
125.1

111.2
115.3
119.3
122.7
125.3

111.5
115.7
119.6
122.9
125.5

111.8
116.1
119.9
123.2
125.7

112.1
116.5
120.2
123.4
125.9

112.4
116.9
120.5
123.7
126.0

112.7
117.2
120.8
123.9
126.2

109.7
113.4
117.9
121.5
124.3

110.6
114.6
118.8
122.2
124.9

111.5
115.7
119.6
122.9
125.5

112.4
116.9
120.5
123.7
126.0

111.1
115.2
119.2
122.6
125.2

1989
1990
1991
1992
1993

126.5
129.4
132.0
134.6
138.0

126.7
129.6
132.2
134.9
138.2

127.0
129.8
132.5
135.2
138.5

127.2
130.1
132.7
135.5
138.8

127.4
130.3
132.9
135.7
139.1

127.7
130.5
133.1
136.0
139.4

127.9
130.7
133.3
136.3
139.7

128.2
130.9
133.5
136.6
139.9

128.4
131.2
133.7
136.8
140.2

128.7
131.4
133.9
137.1
140.5

128.9
131.6
134.2
137.4
140.8

129.2
131.8
134.4
137.7
141.1

126.7
129.6
132.2
134.9
138.2

127.4
130.3
132.9
135.7
139.1

128.2
130.9
133.5
136.6
139.9

128.9
131.6
134.2
137.4
140.8

127.8
130.6
133.2
136.1
139.5

1994
1995
1996

141.5
146.7
153.0

141.9
147.2
153.5

142.3
147.7
154.0

142.7
148.2
154.6

143.1
148.7
155.1

143.6
149.2
155.7

144.0
149.7
156.3

144.4
150.2

144.9
150.8

145.3
151.3

145.7
151.9

146.2
152.4

141.9
147.2
153.5

143.1
148.7
155.1

144.4
150.2

145.7
151.9

143.8
149.5

79.6
79.5
80.0
79.3
83.2

79.9
79.7
79.4
80.5
83.1

80.3
80.0
78.5
80.7
83.2

80.4
80.0
79.0
80.9
83.6

80.6
80.3
78.8
81.3
83.4

80.9
79.6
78.4
81.9
83.3

81.0
79.2
78.7
82.1
83.6

80.9
79.5
78.9
81.9
83.8

80.7
79.5
78.9
81.9
83.7

80.5
78.6
79.3
82.6
83.7

80.3
79.4
79.5
82.8
84.3

79.7
79.2
80.0
83.1
84.6

79.9
79.8
79.3
80.2
83.2

80.6
80.0
78.7
81.4
83.5

80.9
79.4
78.8
82.0
83.7

80.2
79.1
79.6
82.8
84.2

80.4
79.5
79.1
81.6
83.6

1989
1990
1991
1992
1993

85.2
81.6
78.3
78.1
80.6

84.2
82.2
77.5
78.5
80.6

84.6
82.4
76.6
79.1
80.5

84.6
81.5
76.8
79.4
80.7

84.0
81.8
77.2
79.7
80.2

83.7
81.7
78.0
79.5
80.0

82.5
81.3
78.2
80.0
80.4

82.7
81.6
78.3
79.8
80.2

82.2
81.4
78.9
79.7
80.7

81.7
80.8
78.9
80.0
80.6

81.8
79.7
78.6
80.3
81.0

81.8
79.2
78.2
80.1
81.7

84.6
82.0
77.5
78.6
80.6

84.1
81.7
77.3
79.6
80.3

82.5
81.4
78.5
79.8
80.4

81.7
79.9
78.6
80.2
81.1

83.2
81.3
78.0
79.5
80.6

1994
1995
1996

81.7
84.6
81.4

82.2
84.2
82.3

82.8
84.0
81.3

83.0
83.4
81.9

83.2
82.8
82.0

83.2
82.7
82.3

83.3
82.4
82.3

83.6
82.7

83.5
82.8

83.9
82.2

84.2
82.0

84.7
81.9

82.2
84.3
81.6

83.2
83.0
82.1

83.4
82.6

84.3
82.0

83.3
83.0

Year

Utilization
1984
1985
1986
1987
1988

1. Quarterly percent cnanges are at annual rates. Annual percent cnanges are calculated from annual averages.




13

Table 6
INDUSTRIAL PRODUCTION: INDUSTRY SUBTOTALS AND INDIVIDUAL SERIES
Index, 1987= 100
Item
Metal mining
Iron ore
Nonferrous ores
Copper

1996
Jan.

Feb.

Mar.

Aor.

102

.46
.06
.40
.13

163.7
116.3
173.2
141.9

159.5
110.3
169.1
141.9

157.1
117.8
164.8
136.9

166.1
123.2
174.7
159.6

12

1.03

108.2

103.3

108.0

13
131

4.79
3.99
2.31
1.67

132
138

.25
.55

93.2
93.8
85.9
107.5
109.4
79.9

90.8
89.9
76.6
112.9
112.9
85.1

14

.58

99.1

20
201

9.42
1.14

10
101

102-4,8,9

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

202

2021
2022
2023
2024
2026

.44
.28
.41
.01
.96
.01
.27
.20
.13
.36

Not seasonally adjusted

Seasonailvadiusted

1992
Value1
Index
SIC added

Mav

June

r

1996
Jan.

Feb.

Mar.

Apr/

Mavr

June1"

158.3
124.1
165.1
139.3

161.3
125.3
168.2
140.1

164.4
120.8
173.2
151.0

154.2
103.2
164.5
142.0

157.7
110.2
167.3
139.1

166.5
118.7
176.0
155.7

160.6
117.4
169.1
141.1

164.0
132.9
170.0
138.5

171.9
131.5
179.8
153.4

114.8

109.5

111.9

113.2

105.4

115.3

120.5

109.9

105.9

111.8

90.2
88.7
76.8
109.4
108.6
89.7

92.6
90.2
76.8
113.4
117.4
96.3

93.3
90.3
76.9
113.4
119.4
100.6

92.8
89.2
74.9
113.9
117.2
104.3

94.1
90.9
76.7

90.7
89.9
77.6
111.3
107.5
85.7

91.9
90.5
77.2
113.8
117.0
87.6

92.1
90.2
76.6
113.8
119.2
91.0

91.4
88.9
74.9
113.2
117.6
94.1

92.4
89.9
76.1

118.0
102.3

92.1
91.3
77.0
116.1
110.7
86.5

118.0
95.4

108.9

117.2

117.4

115.6

112.7

117.9

93.1

101.5

108.2

115.6

118.5

124.7

106.9
114.5
97.8
119.7
132.9
88.2
103.3
101.1
122.2
102.8
121.4
90.2

114.8
129.7
110.5
124.5
160,1
82.0
112.2
84.8
138.7
117.9
121.0
94.8

116.0
134.2
112.8
127.0
169.1
87.4
112.6
90.0
143.3
116.2
121.7
94.0

115.6
131.2
111.7
118.8
167.4
88.0
112.1
91.3
141.7
114.4
122.1
94.4

115.4
133.3
116.3
124.4
163.3
83.4
111.9
83.9
141.7
114.5
122.8
93.9

115.4
131.0
113.9
119.6
163.1
83.6
110.1
80.5
140.4
107.7
127.9
92.4

114.6
127.5
111.6
112.8
160.1
86.6
108.2
74.3
136.4
99.9
136.8
91.8

109.3
128.1
108.9
124.3
157.1
82.9
107.7
107.0
134.4
118.6
92.6
93.4

109.9
130.7
109.2
123.6
165.5
92.6
113.0
109.4
143.5
119.8
112.5
94.8

110.6
128.5
106.2
121.3
164.4
97.7
116.2
102.6
145.0
122.4
127.4
96.6

111.0
129,9
110.0
124.0
161.7
86.7
120.1
95.7
144.1
135.0
136.0
97.9

113.3
128.7
113.0
113.4
161.9
79.8
119.9
85.7
145.0
130.4
144.7
97.2

117.4
132.2
119.2
107.5
168.3
84.6
118.1
68.1
141.9
114.0
173.5
95.6

115.3
113.8
96.8
112.3
112.4
117.8
119.7
120.9
121.5
89.U

112.1
115.7
95.5
118.5
111.2
119.9
113.5
125.0
122.2
y/.o

114.8
114.6
95.2
122.2
110.1
118.2
117.4
122.8
121.6
y6.2

111.1 109.6
117.7 117.8
92.9
92.9
119.0 123.4
113.9 112.8
117.3 118.9
117.8
121.1 124.7
124 5 126.8
103.2 101.5

108.5
116.3
95.1
119.4
113.0
119.0

102.7
110.8
90.0
116.0
113.6
107.8
112.2
109.9
118.2
103.0

99.5
112.4
86.8
113.9
113.6
112.1
119.1
110.6
115.9
109.1

102.7
113.4
88.4
113.4
113.8
113.7
118.3
112.3
111.3
80.6

99.9
114.1
88.4
103.4
113.5
115.6
123.6
115.1
115.6
90.4

102.9
114.4
90.5
105.6
109.0
122.0

106.5
115.9
99.4
107.4
109.0
128.4

121.9
120.7
92.8

132.8
127.9

r

r

203
204
205
206
207
208

1.37
1.26
1.07

2082,3
2086,7
2095

62
.89
.98
.16

107.9
109.3
93.2
111.0
110.1
109.2
115.2
109.1
106.3
91.2

21

1.63

95.8

87.1

90.9

92.6

94.6

91.9

93.0

86.1

93.9

94.3

89.5

87.3

102.2

Textile mil! products
22
221-4
Fabrics
Cotton and synthetic
221,2
224
Narrow fabrics
225
Knit goods
Knit garments
2253.4.7-9
Fabric finishing
226
Carpeting
227
Yarns and miscellaneous
228,9
Cotton and synthetic yarns 2281,2,4

1.79
.48
.39
.04
.48
.35
.17
.21
.45
.24

104.0
99.4
99.0
103.5
116.7
116.7
95.2
97.0
103.5
100.6

104.1
99.3
100.1
100.6
123.5
129.0
87.7
85.8
106.3
96.6

106.2
99.3
99.6
102.7
125.2
131.4
85.8
92.4
110.5
101.9

109.0
100.4
100.5
104.9
122.8
129.4
87.0
113.3
111.7
103.3

108.2
104.5
106.0
101.4
122.5
128.8
93.2
96.8
110.1
103.2

108.8
105.2
106.5
105.1
124.6
131 7
93.4
90.7
112.4
103.9

111.1
105.8

105.3
100.7
100.4
101.7
116.2
120.8
89.2
93.0
111.9
106.2

109.2
104.2
104.2
103.1
116.4
121.4
88.6
110.2
114.7
108.7

111.2
107.0
107.8
100.7
122.5
123.1
94.7
110.4
111.5
106.9

111.7
109.1
110.2
105.3
127.8
133.3
96.9
90.7
114.8
109.6

116.9
107.0

105.1
120.7
126 3
89.5
113.3
114.5
108.8

99.5
100.7
101.5
100.0
103.1
106.0
90.3
85.2
104.7
95.5

Apparel products

23

2.19

95.0

89.2

90.9

89.7

90.4

90.8

90.9

85.8

89.7

88.9

88.2

90.6

92.7

24

1.99

241,2

95.2
95.2
85.0
95.2
89.5
86.2
94.2

103.1
92.7
84.9
110.4
95.0
85.9
158.1

103.3
94.3
84.8
110.0
95.8
85.2
157.8

107.5
99.9
83.8
113.1
96.7
86.2
168.2

108.4
98.9
87.1
115.3
99.9
88.8
170.7

107.3
96.0
84.3
115.4
100.6
91.1
170.4

109.1
98.3
85.6
116.9
102.4
89.9
172.4

99.5
89.9
79.2
106.4
92.0
83.3
140.0

101.6
93.9
79.2
107.2
91.2
85.6
153.8

106.5
98.1
78.4
112.6
95.0
88.0
170.6

107.4
94.9
75.7
116.4
98.4
88.6
176.3

106.8
93.5
80.6
116.4
101.6
92.2
174.5

112.4
101.1

Canned and frozen food
Grain miii 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

209

.66
.23

1.75

241

.84
.31

243-5,9

1.16

243

.65
.18
.15

2435,6
245

1. Proportion as a share of the value added for the total index.




14

125.1
126.7

108.5
136.6
141.4
89.5
122.4
116.5
110.4

86.9
120.5
104.8
91.8
187.5

Table 6 (continued)
INDUSTRIAL PRODUCTION: INDUSTRY SUBTOTALS AND INDIVIDUAL SERIES
Index, 1987= 100
Item

SIC

Not seasonallv adjusted

Seasonallvadiusted

1992
Value1
Index
added

1996
Jan.

Feb.

Mar.

Aor.

r

Mav

r

June

1996
Jan.

Feb.

Mar.

Aor.r

Mavr

Juner

r

25
251

1.37
.63

99.2
97.1

109.3
106.2

110.5
107.0

107.7
103.4

108.9
106.9

111.9
110.4

113.0
108.7

105.5
103.5

109.8
109.3

106.4
105.4

107.6
107.3

108.8
107.2

113.5
109.5

26
261-3
261
262
263
265,7
265
267

3.60
1.53
.15
.89
.49
2.07
.74
1.33

110.0
110.4
109.9
109.8
111.8
109.6
112.3
108.1

114.9
113.9
108.1
112.3
118.6
115.6
121.1
112.6

113.5
113.9
106.1
110.6
122.4
113.3
123.4
107.8

115.5
113.8
108.0
111.3
120.4
116.8
127.6
110.9

118.9
118.5
108.2
116.5
125.5
119.1
125.6
115.6

119.5
119.0
111.8
115.8
127.3
119.7
126.5
116.0

119.4
117.1
110.5
114.3
124.6
121.1
134.1
114.1

116.9
115.9
111.0
114.4
120.4
117.5
122.4
114.8

116.0
116.5
108.3
113.6
124.5
115.6
123.1
111.5

116.6
115.2
106.2
112.8
122.6
117.7
126.8
112.7

119.2
117.6
109.6
115.6
124.1
120.3
130.5
114.7

116.2
116.2
108.1
112.2
126.2
116.3
122.5
112.8

120.9
119.0
110.7
116.4
126.5
122.3
134.3
115.7

27
Printing and publishing
271
Newspapers
Periodicals, books, and cards 272,3,7
Job printing
274-6,8,9

6.76
1.63
2.01
3.12

98.1
77.0
103.5
107.3

97.9
67.2
102.5
114.8

98.7
65.3
105.3
116.0

96.7
62.1
105.1
114.0

96.3
62.1
105.4
112.6

97.5
62.1
106.3
114.9

96.6
62.1
105.1
113.4

93.4
65.3
101.8
105.9

94.6
66.1
106.0
105.4

93.9
62.7
106.6
105.6

94.2
63.3
106.5
106.0

95.1
61.4
106.3
109.7

98.5
63.3
104.7
117.4

28

9.85

114.4

127.1

127.1

126.5

126.0

126.4

126.5

122.0

123.5

123.9

124.3

125.2

130.6

281,2,6
281
2812
2816
2819

3.82
1.00
.08
.12
.67
.40

113.5
117.6
105.4
114.2
122.4
119.4

119.7
109,6
112.9
116.5
103.4
120.9

118.9
108.4
114.9
107.7
103.1
118.6

119.2
106.6
111.7
99.6
102.4
118.2

121.2
109.7
117.0
110.8
103.9
119.6

123.1
110.4
126.4
103.3
104.7
120.3

124.4
111.1
120.6
108.2
105.6
120.4

118.4
107.6
113.5
112.4
101.4
116.5

120.5
111.8
115.5
110.1
107.1
127.4

120.2
106.7
110.0
105.0
101.6
114.9

123.1
110.4
116.8
112 3
104.5
119.4

122.7
108.7
123.5
100.7
103.0
115.2

124.8
111.8
121,2
112.7
105.9
122.6

282
2821
2823,4
286

1.25
.75
.39
1.57

110.4
112.0
105.9
113.8

125.6
125.5
119.4
121.5

124.3
126.6
116.3
121.3

127.0
128.8
118.3
121.0

126.8
130.3
115.5
124.1

129.6
132.1
120.2
126.0

132.4

126.9
128.7
119.6
121.1

129.8
132.8
117.5
121.1

130.8
134.6
118.6
125.2

130.4
132.8
120.8
125.4

134.1

122.9
126.5

122.5
122.2
116.5
122.2

125.6
125.7

283-5,9
283
284
285
287

5.51
2.91
1.57
.43
.52

114.8
127.4
109.4
95.0
118.8

131.6
147.1
126.2
101.2
134.2

132.5
148.9
123.3
105.5
136.0

130.9
148.4
120.5
108.2
136.8

129.0
146.3
116.4
104.5
132.9

128.5
146.9
116.0
101.6
130.2

127.5
145.1
114.5
100.7
132.5

123.3
135.8
120.2
87.0
135.4

124.5
136.8
118.1
102.6
135.9

125.4
138.3
118.2
109.7
136.4

124.1
138.0
111.5
113.9
136.7

126.5
143.4
112.3
112.1
131.2

134.7
155.0
118.6
116.5
130.0

Petroleum products
29
Petroleum refining and misc.
291,9
Miscellaneous petroleum products
Distillate fuel oil
Residual fuel oil
Aviation fuel and kerosene
Automotive gasoiine
Paving and roofing materials
295

1.43
1.25
.23
.23
.04
.12
.62
.18

102.6
104.3
105.1
109.0
100.8
101.0
103.2
93.5

108.9
108.1
106.2
118.1
87.1
114.2
105.5
114.6

110.2
109.2
102.5
123.7
86.5
110.0
107.9
117.3

109.9
109.7
104.5
118.7
77.7
112.7
110.0
113.2

109.7
109.4
106.2
121.6
74.5
112.2
108.0
113.5

109.8
109.1
108.2
119.4
79.7
102.5
109.1
115.7

109.7
109.4
109.4
120.9
83.0
109.3
107.2
112.8

101.5
103.1
85.8
114.0
87.5
117.9
103.7
93.3

101.7
103.0
88.8
115.3
87.7
109.6
103.6
95.5

102.2
103.5
97.3
114.0
79.2
105.9
103.3
95.2

107.1
107.8
105.9
121.2
75.8
105.1
106.4
104.6

111.5
110.6
113.0
119.4
82.7
101.7
110.2
118.5

114.2
113.1
123.5
121.5
80.4
108.4
109.4
123.2

Rubber and plastics products
30
Tires
301
Other rubber products
302,5,6
Plastics products, nee
308

3.51
.39
.59
2.54

116.2
120.5
105.9
118.0

139.0
141.7
122.3
142.7

139.7
137.1
123.6
143.8

140.5
145.1
124.1
143.9

137.6
133.4
120.5
142.5

140.7
132.4
123.2
146.3

140.5
128.9
121.2
147.2

137.2
145.0
115.1
141.5

139.4
149.9
123.0
141.9

140.8
154.8
123.7
142.8

138.1
138.0
118.9
142.8

140.6
134.8
123.7
145.6

142.8
131.5
124.7
149.0

31
314

.27
.12

89.0
83.2

75.6
65.7

77.1
66.7

76.7
66.4

76.2
64.8

75.9
64.9

75.7
65.2

74.0
65.2

75.1
63.8

75.7
64.4

75.8
64.2

76.0
64.7

77.5
67.0

Stone, clay, and glass products 32
Pressed and blown glass
322
3221
Glass containers
Cement
324
325
Structural clay products
326-9
Concrete and miscellaneous

2.07
.35
.18
.13
.10
1.18

95.3
100.7
93.5
88.3
87.9
92.7

105.5
99.7
83.1
98.5
83.7
103.5

104.1
97.8
79.0
101.5
84.8
101.6

102.9
91.2
72.4
99.5
83.9
102.7

103.6
93.0
74.8
106.5
90.5
102.2

104.9
97.6
82.4
102.9
94.5
102.2

105.9
90.4
72.0

99.3
92.6
75.4
59.3
76.3
101.8

100.4
97.8
81.6
70.4
83.5
99.1

101.3
93.4
76.8
84.6
85.6
100.9

103.3
93.9
71A
105.2
92.8
101.7

106.3
99.6
85.9
114.2
98.7
102.7

109.3
94.5
76.6

Furniture and fixtures
Household furniture
Paper and products
Pulp and paper
Wood pulp
Paper
Paperboard
Paper products
Paperboard containers
Converted paper products

Chemicals and products
Industrial chemicals and
synthetic materials
Basic chemicals
Alkalies and chlorine
inorganic pigments
Inorganic chemicals, nee
Acids and other
Synthetic materials
Plastics materials
Synthetic fibers
Industrial organic chemicals
Chemical products
Drugs and medicines
Soap and toiletries
Paints
Agricultural chemicals

Leather and products
Shoes

1. Proportion as a share of the value added for the total index.




15

95.9
105.9

102.1
106.6

Table 6 (continued)
INDUSTRIAL PRODUCTION: INDUSTRY SUBTOTALS AND INDIVIDUAL SERIES
Index, 1987= 100
Item
Primary metals
iron and steel
Basic steel and mill products
Basic iron and steel
Pig iron
Raw steel
Steel mill products
Consumer durable steel
Equipment steel
Construction steel
Can and closure steel
Miscellaneous steel
Iron and steel foundries
Nonferrous metals
Primary nonferrous metals
Copper
Aluminum
Nonferrous products
Nonferrous mill products
Aluminum
Nonferrous foundries

33

331,2
331

.30
.18
.09

1.03

Transportation equipment
Motor vehicles and parts
Autos
Trucks and truck trailers
Trucks and buses
Consumer trucks
Business vehicles
Motor vehicle parts
Motor homes
Aerospace and miscellaneous
transportation equipment
Aircraft and parts
Ships and boats
Railroad and miscellaneous

Feb.

Mar.

Aor/

Mav r

Juner

1996
Jan.

Feb.

Mar.

ADr.r

Mavr

June1"

101.9
104.7
106.9
102.4
106.9
101.2

121.5
128.1
132.9
111.9
116.8
113.9

117.1
119.5
122.0
110.5
115.0
112.5

118.0
120.2
124.3
111.7
115.8
114.9

119.2
122.9
127.9
108.6
111.2
112.9

119.0
121.8
126.2
108.4
110.7
113.2

121.1
125.4
132.0
111.7
115.3
115.7

121.0
126.4
132.6
112.1
117.2
114.1

120.5
123.7
127.1
112.6
116.6
117.1

121.0
123.8
127.7
113.6
117.3
118.6

121.6
126.3
131.5
109.8
111.5
115.4

119.4
122.3
126.5
109.0
111.0
114.4

121.1
125.9
131.9
112.0
115.3
116.4

108.4
98.0
93.5
108.8
93.4
116.3
97.5

139.5
133.3
123.0
164.6
98.3
144.2
113.0

125.6
113.1
108.3
137.9
93.5
134.1
111.4

128.3
111.4
112.9
142.9
97.3
137.1
107.4

133.9
128.6
120.6
145.8
96.3
139.9
107.1

131.7
125.9
117.8
139.1
89.7
139.2
108.1

138.3
133.7
118.5
160.8
95.2
144.0
105.4

139.0
130.7
127.1
155.0
84.7
146.2
107.2

131.7
125.2
117.4
137.9
90.2
139.6
112.7

132.2
122.3
119.4
137.1
99.8
140.2
111.2

138.3
136.9
123.7
146.2
95.4
144.5
110.2

132.0
134.2
115.6
142.5
96.4
136.3
108.8

138.1
134.4
120.7
158.2
97.9
143.2
107.2

332

333-6,9

1.37

333

.20
.06
.10

98.1
117.2
125.0
120.5

113.0
125.0
144.4
105.6

113.6
119.2
134.1
106.4

114.8
117.2
132.1
106.5

114.2
119.7
138.9
107.0

115.1
117.2
137.0
106.1

115.5
113.3
128.2
106.2

113.9
125.1
141.8
105.9

116.0
122.8
137.6
106.6

117.1
120.6
137.2
106.7

115.3
120.6
139.4
106.7

115.5
118.6
138.4
106.7

114.7
112.9
127.7
106.5

.97
.73
.28
.23

89.6
89.0
89.2
91.6

104.7
99.1
79.7
122.7

106.3
100.6
79.8
124.5

107.2
102.6
89.1
121.7

105.9
100.5
83.0
123.2

108.1
102.9
84.1
124.7

108.3
102.8
84.9
125.9

106.4
101.2
85.1
123.1

108.2
102.8
84.0
125.4

109.3
105.0
92.5
123.1

106.7
102.0
87.0
122.0

108.1
103.3
84.7
123.8

107.4
101.6
81.5
126.2

5.03

99.0
108.8
94.8
92.8
94.8
101.5
104.5

115.6
110.0
108.9
105.9
112.2
120.6
132.3

117.0
109.4
111.4
108.6
114.1
120.8
131.3

116.1
103.6
107.3
104.0
115.3
119.7
129.1

115.5
106.2
108.0
104.7
115.4
118.6
127.4

116.7
104.8
109.5
106.4
115.0
120.3
129.9

117.4
108.3
111.2
108.5
116.0
120.4
129.4

111.3
94.3
102.3
98.7
110.0
116.4
123.9

114.6
90.1
109.4
106.7
109.7
121.3
131.9

115.5
99.3
107.0
103.6
111.3
121.6
132.6

113.3
102.7
105.7
102.7
111.3
118.4
128.1

115.7
116.3
107.8
104.6
113.9
120.0
129.8

119.6
130.2
113.0
110.5
117.1
122.3
132.8

124.0
101.3
111.8
99.8
106.2
103.6
107.8
95.9
113.4
172.6
101.9
94.0
112.3

191.9
111.7
139.3
127.5
136.5
140.6
121.8
107.1
128.9
442.9
138.8
131.5
145.9

196.1
105.9
140.1
128.8
137 q
142.0
125.3
108.0
133.6
463.3
143.9
136.9
143.8

197.8
106.2
140.2
128.7
138.2
142.1
122.8
107.4
130.2
476.0
145.4
139.3
143.1

199.0
105.7
141.2
128.4
137.8
142.7
120.8
106.4
127.8
491.1
139.3
130.2
142.9

201.0
108.4
137.9
130.4
135 3
143.3
121.1
108.9
126.9
503.3
139.1
131.3
143.3

204.2
108.8
140.7
129.6
134 n
143^3
120.3
108.7
125.9
513.1
154.3
151.0
139.5

183.7
112.4
142.8
128.3
127.4
141.2
116.5
108.1
120.5
415.3
132.5
123.3
135.6

195.1
105.9
147.6
128.5
135.2
142.5
123.5
108.9
130.5
454.1
151.9
148.0
140.4

197.9
106.6
149.6
129.1
135.8
143.0
121.4
108.0
127.9
463.4
161.4
161.0
140.6

195.7
104.2
146.8
127.1
133.6
140.4
118.5
105.5
124.8
467.2
154.9
152.1
138.6

199.8
105.5
143.6
129.2
132.4
141.6
119.8
107.7
125.6
492.7
151.0
147.5
140.5

209.3
107.0
139.5
130.1
137.9
142.9
123.4
108.7
130.5
527.9
166.2
166.7
144.4

123.5
103.2
98.4
106.9
95.7
113.3
108.3
107.8
99.3
102.3

182.4
121.5
102.7
129.3
134.8
140.6
141.0
112.9
142.8

188.7
123.1
104.6
132.5
92.2
129.2
142.2
144.8
116.3
148.4

187.9
121.2
100.2
136.2
115.1
130.1
133.2
148.3
115.3
160.7

187.3
122.2
101.7
134.4
98.5
125.7
144.0
147.4
112.1
155.0

188.8
120.9
100.6
136.1
102.4
123.2
136.1
154.5
117.9
165.7

192.0
121.0
98.8
150.1
127.4
137.5
163.2
158.5
124.2
170.0

179.8
116.8
97.3
126.2
79.1
123.5
138.4
139.6
106.5
142.6

187.6
120.1
102.1
140.8
99.4
138.4
159.3
149.3
108.3
162.1

187.7
119.7
99.0
143.1
116.8
141.0
146.8
152.4
109.6
170.7

184.8
120.1
97.4
135.5
102.9
134.3
147.7
142.9
106.1
157.4

187.1
119.9
97.8
137.6
105.5
138.4
142.0
147.5
115.1
161.9

192.8
124.5
101.6
151.1
119.1
153.8
162.4
157.1
122.5
170.6

126.1
120.0
153.8
106.0
93.3

134.6
155.6
293.7
136.2
103.5

143.3
160.2
303.4
145.8
126.1

139.5
160.0
303.6
145.7
128.3

150.6
158.9
303.4
142.8
101.4

150.1
157.1
307.8
144.8
116.9

146.7
159.4
312.4
151.0
134.8

125.7
155.0
292.9
134.6
92.5

137.3
158.5
302.8
143.2
114.9

137.7 131.9
159.2 156.7
303.7 300.3
142.2 138.1
114.1 85.7

139.8
155.9
305.7
139.8
95.9

145.0
156.7
312.8
150.2
130.6

108.3
135.5
95.8
169 5
1/2.b
180.4
162.7
149.7
153.0

112.1
141.1
102.8
179.4
itw.u
194.4
168.5
151.1
152.9

103.1
121.3
79.5
159.8
Ibii.y
173.1
150.0
133.5
185.8

114.6
144.3
107.4
1789

117.1
148.7
113.9
175.9
i/y.u
189.2
166.2
161.7
169.7

106.2
131.2
90.8
160.5
Ib'3.2
168.2
157.0
149.7
143.9

115.9
148.9
113.6
193.0
195.9
208.5
182.3
151.2
163.0

107.6 115.8
130.0 147.2
89.0 113.0
178.0 188.0
181.3 192.7
193.2 203.2
166.2 179.4
134.4 149.6
199.0 190.9

118.5
151.4
117.9
182,3
186.7
199.6
170.4
160.8
164.7

123.0
159.7
127.6

192.7
171.3
155.3
151.9

114.9
144.7
109.6
1732
1//.U
187.3
163.9
157.6
164.1

82.2
79.6
86.7
86.2

84.2
82.8
87.5
86.1

85.7
83.7
89.5
88.7

86.0
84.2
90.0
88.5

86.3
85.2
89.5
88.0

86.8
85.6
91.1
87.6

82.2
79.6
86.4
86.2

84.2
83.1
87.6
85.5

85.6
83.4
90.8
88.7

86.9
85.7
89.8

3331
3334
335,6
335

3353-5
336

Industrial machinery
35
and equipment
Engines and turbines
351
352
Farm
353
Construction and allied
354
Metalworking
355
Special industry machinery
356
General industrial machinery
Bearings and gears
3562,6,8
Equipment
3561,3-5,7,9
357
Computer and office equip.
358
Service industry machines
Refrig. and heating equip.
3585
Miscellaneous machinery
359

Audio and video equipment
Communication equipment
Electronic components
Misc. electrical supplies
Storage batteries

1996
Jan.

.16
.11
.11
.05
.60
.41

Fabricated metal products
34
341
Metal containers
342
Hardware, tools, and cutlery
Hardware and tools
3423,5,9
Structural metal products
344
Other fabricated metal products 345-9
Fasteners, stampings, etc.
345-7

Electrical machinery
Major electrical and parts
Electric distribution equip.
Household appliances
Cooking equipment
Refrigerators and freezers
Laundry
Miscellaneous
Electrical housewares
Appliances, nee

3.11
1.74
1.33

.22
.54
.48

1.28
2.80
1.56
7.96
.46
.44
.76
QQ

.69

1.07
.31
.75

1.75
.81
.56
.98

36

7.23

361,2

.95
.32
.47
.07
.10
.09
.21
.08
.06

361
363

3631
3632
3633
3634,5,9
3634
3639
365
366
367
369

3691
37

.21

1.59
2.66
.68
.11

3714

9.51
4.79
1.56
1 32
1.26
.73
.53
1.85

3716

.05

104.8
107.4
90.0
1197
121./
125.2
117.3
114.8
87.6

372-6,9

4.73
2.95
.51
1.26

102.3
107.8
93.6
95.2

371

372
373
374-6,9

111

1 . Proportion as a share of the value added for the total index.




Not seasonally adjusted

Seasonally adjusted

1992
Value
SIC added1
Index

16

M53.Z

86.2
84.5
90.5
88.5

88.7

1952
lyy.b
211.6
184.5
164.4
167.1
87.6
86.4
90.6
89.4

Table 6 (continued)
INDUSTRIAL PRODUCTION: INDUSTRY SUBTOTALS AND INDIVIDUAL SERIES
Index, 1987= 100
Item

Not seasonally adjusted

Seasonallvadiusted

1992
Value
1
Index
SIC added

1996
Jan.

Feb.

Mar.

Aor.

r

Mav

June

r

1996
Jan.

Feb.

Mar.

Aor.r

Mavr

Juner

r

38
381-4
384

5.36
4.32
1.56

106.3
107.0
138.2

111.0
108.9
159.6

113.4
111.6
163.0

112.9
111.3
159.4

112.8
110.3
158.5

112.4
109.9
155.7

113.3
111.1
158.5

108.6
106.0
147.3

111.2
109.1
153.0

111.6
109.6
151.7

110.6
107.7
150.3

110.7
107.9
150.4

114.7
112.8
165.1

Misc. manufactures
Consumer goods
Business supplies

39
391,3,4,6
395,9

1.32
.67
.65

106.9
106.5
107.4

122.1
116.5
127.8

124.0
118.5
129.7

124.0
117.6
130.5

122.6
115.8
130.0

123.0
116.6
129.9

124.4
117.7
131.3

118.5
112.8
124.4

121.1
116.4
126.1

123.1
117.3
129.1

121.6
115.2
128.3

122.6
115.9
129.5

124.5
116.9
132.4

Electric utilities
Generation
Fossil fuel
Hydro and nuclear

491,3pt

6.15
2.64
1.32
1.32

111.7
111.3
103.6
121.4

125.5
124.6
111.3
141.5

126.6
124.8
107.5
146.4

127.1
127.1
108.7
150.1

125.7
126.0
106.5
150.1

128.7
128.4
113.4
147.4

127.1
126.8

132.8
129.9
111.6
152.8

126.9
128.0
107.5
153.3

121.3
121.3
100.8
146.5

113.2
114.8
94.8
139.5

118.9
122.5
103.7
145.9

131.7
134.9

3.51
1.43
2.08
1.21
.87

112.0
109.9
113.4
112.8
114.2

126.2
128.3
124.7
127.7
120.5

128.0
129.2
127.1
129.9
123.2

127.1
128.7
125.9
128.4
122.5

125.5
126.8
124.5
128.6
118.8

128.8
129.1
128.5
133.9
121.0

127.3

135.0
152.7
122.4
126.8
116.3

126.0
135.2
119.5
122.0
116.0

121.4
122.5
120.5
121.2
119.4

111.9
105.4
116.4
117.5
114.9

116.3
105.3
124.0
125.9
121.1

129.4
133.1

1.57
.64
.28
.46

112.7
108.7
115.4
114.4

125.6
121.3
130.4
126.9

126.3
122.6
130.5
127.2

131.5
128.9
140.3
131.2

128.9
124.7
138.5
128.7

124.8

121.4

221.1
260.9
242.6
183.5

201.4
235.0
224.3
168.3

179.2
199.4
199.1
157.0

133.9
134.0
146.2
129.3

93.2

72.7

Mar.

Apr/

Mayr

Instruments
Scientific and medical
Medical instruments

Sales
Residential
Nonresidential
Commercial and other
Industrial
Gas utilities
Residential
Commercial and other
Gas transmission

492.3pt

127.8

1. Proportion as a share of the value added for the total index.

Table 7
INDUSTRIAL PRODUCTION: GROSS VALUE OF PRODUCTS
Billions of 1992 dollars at annual rates, seasonally adjusted
1995
Item
1995
1992
Q1

Q2

1996
Q1

Q4

Q3

Q2 r

1996
Feb.

Juner

JulvP

2002.9

2245.6 2248.8

2235.7 2254.9 2253.9 2270.5 2307.3 2293.1 2269.5 2300.3 2304.8 2316.9 2326.4

1552.2

1748.7

1750.6

1742.0

1757.3

1753.5

1771.4 1805.2

1794.2

1766.8

1801.5

1803.5

1810.7

1821,9

Consumer goods
Durable
Automotive products
Other durable goods
Nondurable

1033.4
222.3
122.4
99.9
811.1

1130.5
272.9
160.6
112.3
857.6

1133.7
279.9
166.2
113.8
853.8

1125.3
2696
158.7
110.9
855.7

1133.6
271.4
159.0
112.4
862.2

1134.5
273.8
160.3
113.5
860.7

1134.2
264.7
154.2
110.5
869.5

1145.4
280.7
166,5
114.2
864.7

1148.4
274.4
163.4
111.0
874.0

1129,5
257.2
145.2
112.1
872.2

1144.9
276.9
164.8
112.2
868.0

1145.6
278.0
165.2
112.7
867.7

1145.6
287.2
169.4
117.7
858.4

1151.2
297.4
179.6
117.8
853.8

Equipment, total
Business and defense
Business
Defense and space

518.8
500.3
415.6
84.7

618.3
594.6
528,2
66.4

616,9
593.5
524.7
68.8

616.7
593.1
525.7
67.4

623.7
599.7
533.3
66.4

619.1
595.3
531.8
63.5

637.2
612.4
549.0
63.5

659.8
632.6
568.0
64.6

645.8
621.4
557.9
63.6

637.3
611.2
546.5
64.8

656.6
629.7
565.1
64.6

657.9
630.5
565.5
65.0

665.0
637.8
573.6
64.2

670.8
644.1
580.0
64.0

450.7
177.0
273.7
70.6

496.9
200.6
296.3
77.0

498.1
202.9
295.2
74.8

493.6
198.9
294.7
75.9

497.6
199.6
298.1
78.6

500.4
202.4
298.0
79.1

499.2
202.2
297.0
79.7

502.1
205.5
296.6
80.1

498.8
201.7
297.2
79.2

502.7
206.6
296.2
80.4

498.8
202.7
296.0
80.0

501.3
204.5
296.8
79.9

506.2
209.3
296.9
80.3

504.5
209.2
295.3
79.2

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
1994
1995
1996
Three Months Earlier
1994
1995
1996
Six Months Earlier
1994
1995
1996

Jan.

Feb.

Mar.

Apr.

May

June

July

Auq.

Sept.

Oct.

Nov.

Dec.

50.0
52.7
40.4

62.7
45.0
65.0

65.8
48.5
51.9

60.4
42.7
54.6

63.8
49.2
54.0

59.2
51.5
61.0

59.6
48.5

58.1
58.8

52.3
53.5

60.0
44.4

58.8
51.7

63.5
49.6

61.9
62.7
47.3

63.5
53.1
50.8

69.2
46.5
54.6

72.7
40.8
60.8

73.1
40.0
56.2

67.7
43.8
59.8

67.3
47.7

66.9
52.3

61.5
57.3

60.0
50.4

62.7
49.6

66.9
49.6

63.1
68.5
48.1

66.5
58.1
49.2

70.8
60.4
55.0

73.1
54.2
54.4

77.7
47.7
58.5

72.3
38.8
63.5

74.2
41.2

75.4
44.2

69.6.
47.3

70.8
47.3

68.5
52.3

73.1
51.5

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.




17

Table 9
ELECTRIC POWER USE: MANUFACTURING AND MINING
Index, 1987= 100
Seasonailvadiusted

1987
Billion
KWH
850.7

1996
Jan.
117.8

Feb.
118.6

776.5
351.3
425.2
74.2

118.2
114.4
121.6
113.0

INDUSTRY GROUPS and SERIES
Metal mining
10
Iron ore
101
Copper ore
102

14.6
6.3
4.8

Coal mining

12

Oil and gas extraction
Crude oil and natural gas
Natural gas liquids

Not seasonallv adjusted

JuneP
115.4

1996
Jan.
114.6

Feb.
114.1

Mar.
114.6

Aor.r
115.1

Mavr
115.9

JuneP
117.5

116.5
111.7
120.8
114.6

115.7
111.0
119.8
112.6

114.5
110.5
118.1
115.8

114.2
111.5
116.6
113.8

114.6
111.9
117.1
114.6

115.2
111.0
118.9
113.5

116.1
111.5
120.2
113.7

117.9
113.2
122.1
111.7

161.0
159.2
170.3

166.6
169.3
174.9

154.7
156.4
159.7

156.7
144.2
172.5

156.4
148.7
171.3

158.4
160.3
162.7

159.1
161.3
164.2

163.9
168.3
167.6

152.6
153.4
157.4

99.9

96.4

98.4

98.5

109.6

114.0

109.1

100.6

96.1

93.0

96.0
94.7
91.1

97.0
96.7
88.1

94.9
94.8
85.0

95.2
96.6
81.0

97.2
98.1
83.0

99.4
99.6
87.9

93.3
93.0
85.4

95.1
95.4
84.6

94.3
94.6
84.2

94.3
95.2
81.3

98.0
98.4
85.4

128.3
145.2
134.7
120.5

126.0
152.4
130.5
116.1

130.4
152.0
126.3
126.5

126.6
148.3
128.1
120.5

125.4
150.7
129.7
117.3

121.9
144.8
127.3
112.9

117.8
115.2
113.4
120.3

115.3
117.7
107.7
116.4

120.3
121.0
107.7
125.4

126.4
141.7
122.9
123.2

128.2
155.4
133.0
119.1

124.5
151.1
131.7
114.0

52.9
8.7
6.5
6.6
10.9
3.3
3.7
3.4
5.9
3.9

127.9
142.0
115.2
131.0
141.3
130.4
153.0
146.3
105.4
112.3

127.0
145.2
111.1
126.3
139.7
128.7
149.4
146.8
108.8
110.2

125.8
139.4
111.0
129.3
141.2
128.3
141.6
143.8
106.4
109.8

125.9
141.4
108.8
125.3
142.8
125.1
145.2
153.8
104.4
111.4

127.1
145.2
113.2
123.7
138.7
125.2
153.0
148.0
107.0
114.2

125.2
142.6
110.5
122.0
137.0
127.9
145.9
140.2
106.2
113.7

121.8
135.1
108.4
116.6
138.2
121.9
165.1
158.4
96.2
106.4

118.2
133.3
101.8
112.1
137.1
117.6
153.8
149.6
96.8
101.5

118.0
130.5
105.0
115.6
137.7
119.8
134.6
143.6
97.7
102.6

118.9
134.9
107.2
112.6
138.3
119.8
123.3
149.4
99.7
105.2

122.1
140.9
113.3
116.1
135.7
122.6
128.9
139.8
105.1
110.1

127.9
150.2
119.1
120.2
134.4
134.8
134.7
136.3
114.1
118.7

21

1.7

111.5

118.8

116.4

118.1

114.2

114.1

100.1

116.6

112.3

111.8

110.6

115.0

Textile mill products
Fabrics
Knit goods
Fabric finishing
Yarn and thread
Miscellaneous textiles

22
221-4
225
226
228
229

29.9
11.6
3.4
2.2
8.4
2.9

112.6
97.0
139.2
117.9
117.7
131.3

116.0
101.1
141.9
118.4
121.5
132.2

111.8
96.1
139.9
124.6
118.0
127.7

113.6
96.2
139.3
122.8
122.0
132.6

112.5
102.0
142.5
124.9
113.5
123.8

110.7
92.9
136.6
125.0
119.1
129.2

95.7
82.1
114.9
108.0
97.2
116.5

108.0
94.1
131.2
115.0
112.3
123.9

107.3
92.1
131.9
123.1
113.0
123.8

110.5
93.7
133.7
123.6
118.9
129.1

114.8
104.3
144.9
126.4
116.8
125.7

121.0
101.6
153.8
130.0
130.8
138.8

Apparel products
Men's outerwear
Women's outerwear

23
231,2
233

6.6
1.9
1.9

103.9
116.1
89.9

105.8
121.0
94.0

103.5
119.7
94.3

103.3
119.6
91.8

105.8
125.1
89.8

101.3
118.8
82.0

89.7
97.3
77.9

96.7
107.3
84.1

94.5
105.7
83.6

94.3
106.8
82.0

101.2
118.8
85.3

109.2
131.0
89.0

Lumber and products
Lumber
Millwork and plywood

24
242
243

21.6
7.9
5.7

124.3
108.0
119.1

124.8
110.5
121.5

123.8
109.4
117.4

126.4
109.9
122.2

126.3
111.3
120.3

126.7
111.6
122.7

125.3
110.7
119.5

127.2
115.1
123.0

125.9
112.9
119.2

127.6
112.7
123.9

125.0
111.2
119.2

126.0
109.9
122.3

Furniture and fixtures
Household furniture

25
251

5.7
3.2

121.2
114.5

121.7
115.4

118.5
111.4

120.2
115.3

123.6
119.8

123.0
117.6

116.1
113.0

121.6
119.3

117.8
115.1

119.0
117.2

120.3
117.8

123.9
119.6

Paper and products
Wood pulp
Paper
Paperboard
Paperboard containers
Converted paper products

26
261
262
263
265
267

97.0
7.1
51.6
26.0
4.5
7.6

120.2
106.3
118.2
129.1
124.8
119.2

119.1
108.2
115.7
127.5
128.5
119.6

117.8
104.4
114.4
127.8
125.0
121.4

118.8
98.2
118.1
123.0
120.7
122.2

117.7
97.0
116.4
128.9
125.4
114.8

116.4
91.5
114.2
133.4
122.7
116.1

119.3
110.4
118.4
125.8
118.7
113.6

116.4
109.6
113.7
124.7
121.6
114.8

116.2
106.7
113.5
124.5
120.4
117.0

118.2
98.5
118.2
120.2
118.4
119.4

116.6
100.8
114.8
123.6
123.8
115.1

118.0
98.0
115.7
131.5
121.9
118.8

Printing and publishing
Newspapers
Commercial printing

27
271
275

i5.7
3.4
8.2

136. i
123.7
140.9

I36.5
119.1
143.4

i 36.4
119.8
139.7

134.5
115.9
138.3

i36.G
117.5
140.3

135.5
119.3
137.3

i26.6
117.8
130.7

i 26.6
110.4
131.0

i26.5
110.8
130.8

i 27. i
109.6
130.9

i30.9
115.4
134.4

141.1
125.0
143.3

28
Chemicals and products
Basic chemicals
281
2812
Alkalies and chlorine
2819
Inorganic chemicals, nee
Acid and fertilizer materials
Nuclear materials, nondefense

146.2
61.8
14.1
29.1
10.9
18.2

120.4
118.8
108.3
131.6
111.2
146.1

123.0
121.5
114.0
132.9
109.0
150.0

120.8
119.1
114.7
128.6
103.4
146.5

121.8
121.1
117.2
132.1
108.7
148.8

121.4
120.0
122.2
130.0
104.1
148.5

121.4
121.8
119.1
133.2
107.0
151.8

119.9
119.7
108.2
133.6
114.2
147.4

117.5
116.3
110.8
125.0
106.2
138.4

113.7
118.9
120.9
130.5
102.6
150.3

120.8
121.4
116.0
134.2
108.5
152.5

121.9
122.7
119.6
137.4
104.6
160.7

121.4
120.5
117.7
131.5
105.8
149.8

Mar.
116.5

r

ADr.
116.5

r

Mav
116.4

118.9
114.8
122.5
115.2

116.5
111.9
120.6
116.2

116.8
112.1
120.9
113.1

154.4
140.1
174.2

164.1
159.6
179.8

164.8
168.2
173.2

13.4

97.3

101.1

13
131
132

33.0
27.7
3.7

96.5
97.1
84.7

Stone and earth minerals
Crushed stone
Sand.and gravel
Chemical and fertilizer materials

14
142
144
147

12.3
3.5
2.9
3.9

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




18

Table 9 (continued)
ELECTRIC POWER USE: MANUFACTURING AND MINING
Index. 1987 = 100
Not seasonallv adjusted

Seasonallvadiustec j

1987 SIC

1987
Billion
KWH

1996
Jan.

Feb.

Mar.

Chemicals and Products (cont. )
282
Synthetic materials
2821
Plastics materials
283
Drugs and medicines
284
Soap and toiletries
286
Industrial organic chemicals
287
Agricultural chemicals

26.5
14.2
5.5
3.1
36.0
8.5

118.2
130.7
139.0
116.9
104.1
133.1

122.0
135.1
140.7
114.4
103.1
135.4

Petroleum products

29

40.1

112.3

Rubber and plastics products
Tires
Rubber products, nee
Plastics products, nee

30
301
306
308

33.1
3.6
3.1
24.9

Leather and products
Shoes

31
314

Stone, clay, & glass products
Flat glass
Pressed and blown glass
Cement
Structural clay products
Concrete products

JuneP

1996
Jan.

Feb.

Mar.

Aor.r

Mavr

JuneP

119.6
132.2
139.0
108.2
111.2
128.7

115.6
128.5
137.9
108.0
104.0
131.9

117.3
130.2
128.6
113.6
104.3
132.6

116.7
130.7
129.5
111.7
100.7
130.3

114.9
129.9
131.0
112.0
104.9
131.5

117.9
133.3
130.7
105.9
105.1
131.5

118.3
131.3
135.9
106.8
109.8
127.2

118.6
132.5
147.0
113.1
104.2
128.9

105.7

105.8

103.6

113.3

103.2

102.7

104.6

105.3

106.5

146.4
116.9
118.9
153.7

146.1
117.6
115.5
153.7

147.9
117.5
118.5
156.0

146.7
114.7
114.6
155.4

133.1
110.2
111.1
138.0

142.1
113.8
118.9
148.3

145.2
113.3
120.1
152.4

145.4
115.4
115.2
153.2

148.0
116.7
120.3
155.7

151.1
118.2
120.0
159.4

98.6
89.9

94.0
86.7

96.5
88.8

95.9
90.5

95.7
90.9

91.6
85.5

95.8
87.4

91.7
84.0

94.6
85.8

95.1
88.4

99.7
94.9

111.1
113.6
110.6
107.5
111.1
97.0

110.2
110.1
107.4
110.6
114.2
95.1

106.9
113.5
100.6
103.5
115.7
96.4

108.4
108.8
102.0
108.2
115.6
90.4

108.2
114.3
102.7
105.8
113.7
93.8

108.4
111.8
99.2
106.3
114.4
98.0

105.1
108.0
104.2
97.4
106.7
94.2

102.1
105.7
104.0
89.5
108.6
91.1

102.4
111.4
99.5
91.6
110.2
93.7

106.7
106.9
100.7
104.8
113.6
89.7

109.9
113.7
102.2
111.6
113.9
94.9

111.1
113.6
100.5
113.1
116.5
99.4

137.9
54.4
9.9
55.8
51.2
2.7

113.5
124.1
120.3
91.0
86.5
123.7

115.0
126.3
118.7
91.8
84.5
121.6

111.2
118.8
114.5
90.5
85.7
120.0

111.6
122.6
111.9
89.2
81.2
115.4

108.7
121.2
113.0
84.7
77.5
117.0

107.1
116.4
111.0
85.5
77.2
116.0

113.2
124.7
113.6
92.1
87.2
117.0

112.1
126.1
119.4
85.9
77.7
120.8

113.6
124.3
117.9
90.3
83.9
120.4

112.0
124.7
114.6
88.0
80.6
116.0

109.7
122.8
113.2
86.0
80.3
116.1

107.8
117.3
111.4
86.3
79.0
116.5

34
341
342
344
345
346

31.5
2.5
2.7
5.6
1.7
7.1

118.4
130.2
116.2
112.9
111.1
137.0

118.7
129.1
119.3
114.4
111.4
134.8

116.8
129.6
113.2
112.7
110.6
132.8

115.8
129.0
113.8
111.6
107.1
130.9

116.9
125.1
115.6
111.0
112.1
133.7

116.9
125.1
117.3
112.3
110.9
134.8

113.2
122.9
108.3
112.8
106.2
128.3

119.5
127.2
117.0
118.1
112.9
137.2

118.7
129.6
112.6
114.4
113.7
139.1

116.0
129.4
111.6
112.0
108.5
133.8

116.4
124.5
113.6
110.0
112.4
135.8

119.8
130.0
119.9
113.0
114.9
139.7

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

33.4
2.5
1.6
4.2
4.2
2.5
4.8
6.1
3.3

115.6
114.5
143.0
104.1
135.0
116.2
119.7
87.9
150.1

116.3
119.1
145.5
107.0
136.2
115.7
123.9
85.1
153.1

115.3
111.0
142.5
103.4
136.5
116.7
120.9
86.4
152.4

115.5
109.1
144.9
101.7
136.3
117.1
118.8
88.6
155.8

115.1
108.7
146.7
104.0
133.9
117.7
118.2
87.8
153.5

113.5
102.9
153.0
102.3
133.3
118.5
117.6
85.7
149.6

108.9
106.2
144.8
97.9
125.2
110.3
111.7
84.0
136.9

114.6
112.1
152.2
105.1
132.7
115.6
120.9
84.9
145.5

114.0
108.0
148.1
102.6
133.4
115.8
118.6
85.7
146.5

113.0
108.3
148.0
99.9
131.3
113.8
116.0
85.9
150.9

114.1
107.1
145.8
101.9
130.3
116.0
116.8
87.6
153.6

118.1
105.0
150.7
106.2
135.9
122.2
121.6
91.2
158.3

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

31.3
1.4
4.1
2.5
2.9
.6
3.1
12.8

117.9
77.6
111.2
95.8
112.5
153.8
97.5
137.1

116.6
79.0
112.3
97.1
116.1
162.9
95.9
132.6

116.3
75.8
112.0
93.7
111.9
159.5
95.0
135.6

114.9
77.0
112.7
95.3
109.1
157.8
97.4
132.4

116.9
76.3
111.6
99.3
112.8
166.4
97.0
135.4

115.8
75.1
112.4
94.7
109.2
159.2
100.5
132.9

111.1
73.9
106.9
89.7
105.6
149.2
91.2
129.6

112.1
77.5
108.9
93.3
115.0
159.7
91.1
126.7

113.8
75.3
109.9
92.2
112.0
157.8
91.8
131.7

112.4
74.2
111.2
92.8
110.0
152.9
94.2
128.9

115.4
74.5
110.9
98.8
112.5
163.0
94.6
132.9

120.2
77.5
115.3
100.8
116.0
163.9
104.8
137.2

Transportation equipment
Motor vehicles and parts
Aircraft and parts
Ships and boats

37
371
372
373

38.3
21.9
10.1
2.1

106.5
111.3
87.4
95.7

107.0
110.0
88.1
96.0

102.1
103.6
87.8
92.0

101.8
103.5
86.2
94.9

104.2
108.6
84.6
94.7

105.0
108.9
87.6
97.8

100.3
103.9
82.8
97.0

103.3
106.1
84.6
99.3

101.9
104.5
86.2
94.4

100.1
102.5
83.8
95.4

104.1
108.5
84.7
92.9

109.4
113.9
90.9
97.8

Instruments
Photographic equip. & supplies

38
386

13.1
1.7

110.8
96.4

109.5
92.9

107.4
88.4

106.7
86.8

106.0
88.0

106.7
88.8

104.4
92.6

104.6
89.1

105.1
90.5

103.1
84.8

104.3
87.3

112.1
91.7

39

4.6

143.6

144.2

145.7

147.7

151.8

149.9

133.6

140.3

141.5

143.3

147.9

154.2

832.5
765.4
85.3

116.9
116.1
124.8

117.6
117.5
120.4

115.5
115.6
115.9

115.5
115.4
117.5

115.4
115.4
113.8

114.3
114.6
114.0

113.5
112.6
129.3

113.4
113.1
114.7

113.5
113.4
117.2

113.9
114.0
115.5

114.5
115.2
111.7

116.5
116.9
111.8

r

Aor.

r

Mav

119.2
132.3
140.3
112.0
105.2
136.6

119.3
133.4
138.3
108.4
105.8
132.1

110.4

108.4

145.0
120.0
116.5
151.4

145.2
119.7
117.8
151.6

1.0
.4

97.4
93.7

32
321
322
324
325
327

33.8
1.7
6.7
10.1
1.6
5.1

Primary metals
Basic steel and mill products
Iron and steel foundries
Primary nonferrous metals
Aluminum
Nonferrous foundries

33
331
332
333
3334
336

Fabricated metal products
Metal containers
Hardware, tools, and cutlery
Structural metal products
Fasteners
Metal stampings

Item

Miscellaneous manufactures
SUPPLEMENTARY GROUPS
Total, excluding nuclear nondefense
Utility sales to industry
Industrial generation




19

Explanatory Note
The statistical release of Industrial Production and Capacity Utilization reports
measures of output, capacity, and capacity utilization in manufacturing, mining, ana
the electric and gas utilities industries. It also includes survey data on the use of
electric power in manufacturing and mining. Data in the release are available on-line
on the day of issue through the Economic Bulletin Board of the Department of
Commerce. For information, call (202) 482-1986. 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. For the period since
1992. the total IP index has been constructed from 260 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 nonindustriai 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.
riming. The first estimate of output for a month is published around the 15th ot 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 Sun'ey of Manufactures.
prepared by the Bureau of the Census; the Minerals Yearbook, prepared by the
Bureau ot Mines: and publications of the Department of Energy. On a monthly basis,
the individual indexes of industrial production are constructed from two main types
ot source data: (I) 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 wcli 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 hv 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 in
chronological segments that are linked together to form a continuous index
expressed as a percentage of output in a comparison base year (currently 1987). Each
segment, which usually spans five years, is a Laspeyres quantity index showing
changes in quantities with prices (Census value added per unit of output) held at
base-year values for the segment. For the period from 1992 to the present. IP is
aggregated on the basis of 1992 value-added weights. The aggregation of the index
for the 1987-91 period is based on 1987 weights, whereas 1982 weights are used for
t h e 19o2 —[](> j>ci"iOu. T n c Other vvCignt VCai'S m t h e pu.Mvvcii" DCTiOu a l e 1 9 7 7 . 1972.

1967, 1963. 1958. 1954. and 1947. the'l 992 value-added weights used to aggregate
the index are shown in the first column of tables i, 2, and 6. in the "Value added"
column under the heading ''1992."

period. The average revision to the percent cnange in totai IP. without recard to sion.
from the first to the fourth estimates was 0.2 i percentage point during the 1987-95
period. In most cases (about 82 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 mav not be the same as percent changes calculated from the rounded indexes
shown in ihe release.
References. Industrial Production—/9<SY> Edition contains a more detailed
description of the methods used to compile the 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 1990
and 1993 revisions to the index were described in the Federal Reserve Bulletin, vol.
76 (April 1990). pp. 187-204 and vol. 79 (June 1993). pp. 590-605. respectively.
Two revisions were published in 1994 and were described in the Federal Reserve
Bulletin, vol. 80 (March 1994). pp. 220-6 and vol. 81 (January 1995), pp. 16-26. The
annual revision published in November 1995 was described in the Federal Reserve
Bulletin, vol. 82 (January 1996). pp. 16-25.

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 o( 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 o\' inputs to
operate the machinery and equipment in place. The 75 individual capacity indexes
are based on a variety of data, including capacity data measured in physical units
complied 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 fora variety of groups,
including primary and advanced processing industries within manufacturing.
durable and nondurable manufacturing, total manufacturing, mining, utilities, and
total industry. Component industries ot the primary and advanced processing groups
within manufacturing are listed in the note on tables 2 and 3 of the release.
Weights. Value-added proportions are used to weight the individual capacity
indexes in aggregations in the same manner as individual IP series are aggregated to
the tola! index o! industrial production. Although each utilization rate is the result of
dividing an IP series by a corresponding capacity index, aggregate utilization rates
are equivalent to combinations ot individual utilization rates aggregated with
proportions that reflect current capacity levels of output valued in base-period
value-added per unit of actual output. The implied proportions of individual industry
operating rates in the rate tor 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 arc specific to each scries 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.
References. The basic methodology used to estimate capacity and utilization is
discussed in the Federal Reserve Bulletin, vol. 71 (October 1985), pp. 754-66. The
1990 and 1993 revisions were described in the Federal Resen'e Bulletin, vol. 76
(June 1990). pp. 412-35 and vol. 79 (June 1993). pp. 590-605, respectively. Two
revisions were published in 1994 and were described in the Federal Reserve Bulletin.
vol. 80 (March 1994), pp. 220-6 and vol. 81 (January 1995). pp. 16-26. The annual
revision published in Novennber 1995 was described in the Federal Resen'e Bulletin
vol. 82 (January 1996), pp. 16-25.

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
illiniriii CSICILM iSniYiCiiL.!^ iiicit ^Cncitiic uit^ciiic LJVJVVL-I IAM LIIV~-II LJWII LJ^>C \c\JiiCiici dioi ^ /.

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 1987. 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 1987 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 (pan of SIC 2819) in totai IP is considerably
smaller than its share of total electric power use. Excluding this component from total
power use facilitates comparisons with total IP.

Seasonal adjustment. Individual series are seasonally adjusted by the X-l 1 ARIMA
method, developed at Statistics Canada. For series based on production-worker
hours, the current seasonal factors were estimated with data through October 1995:
for other series, the factors were estimated with data through at least June 1995. In
some cases, series were preadjusted for the effects of holidays or the business cycle
before using X-Il ARIMA. The seasonally adjusted total index is calculated by
aggregating the seasonally adjusted major market groups, and may not precisely
equal an aggregation of the seasonally adjusted industry groups.

Release Schedule for 1996

Reliability. The average revision to the [evej of the total IP index, without regard to
sign, between the first and the fourth estimates was 0.29 percent during the 1987-95

At 9:15 a.m. on January 24. February 16. March 15. April 16. May 15, June 14. July
16. August 15, September 17, October 17, November 15, and December 16




20