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FEDERAL RESERVE statistical release ^•^LRE§V: For release at 9:15 a.m. (EDT) June 17,1997 G.17 (419) INDUSTRIAL PRODUCTION AND CAPACITY UTILIZATION Industrial production increased 0.4 percent in May, about the same as in the previous two months; April growth was revised up to 0.3 percent, and March growth was revised down to 0.4 percent. The production of motor vehicles partially rebounded in May, as one of the strikes that had begun in April ended in early May. Continued strength in commercial aircraft and the high-technology sector also contributed to the widespread gains among durable manufacturing industries. In addition, coal production jumped substantially, apparently in response to demand by electric utilities to replenish inventories. At 119.7 percent of its 1992 average, industrial production in May was 43 percent above its level of May 1996. The rate of industrial capacity utilization edged up 0.1 percentage point, to 83.7 percent. Market Groups The output of consumer goods was about unchanged; gains in the production of durable goods were offset by declines in nondurable consumer goods. Among durables, the output of motor vehicles recovered about one-fifth of (over) INDUSTRIAL PRODUCTION AND CAPACITY UTILIZATION; SUMMARY Seasonally adjusted — — — ^ — l i l | ' Pfcl Mar/ Apr/ MayP Total fnd@i Previous estimates 118.4 118.4 118.8 119.0 119.2 119.0 119.7 Maior market groups: Products, total Consumer goods Business equipment Construction supplies Materials 114.8 111.6 133.8 120.0 124.1 115.3 112.2 134.4 121.4 124.5 115.3 111.7 135.7 120.4 125.5 115.5 111.6 136.4 120.8 126.4 Major industry groups: Manufacturing Durable Nondurable Mining Utilities 120.1 130.8 108.6 106.3 110.2 120.5 131.7 108.7 107.6 109.9 120.8 132.4 108.5 107.1 112.4 121.4 133.4 108.8 109.2 110.2 industrial Production Capacity Utilisation Total Industry Previous estimates Manufacturing Advanced processing Primary processing Mining Utilities | Average- • 1967-96 1982 Low 82.1 71.1 81.2 80.6 82.3 87.5 87.2 69.0 70.4 66.2 80.3 75.9 Pef^nTcRSTae h l ' l i — — — 1997 Feb/ ; | ! I i | 1997 Feb/ Mar/ Apr/ MayP .5 .5 A .6 .3 .0 .4 4.3 .5 -.1 1.3 2.5 ,6 .4 .5 .5 1.2 .3 .0 -.4 1.0 -.8 .8 .2 -.1 .5 .3 .7 3.7 1.4 | 9.2 I 4.0 5.2 .6 1.0 .1 2.6 -2.3 .4 .7 .1 1.3 -.3 .2 .6 -.2 -.5 2.3 .5 .8 .2 2.0 -1.9 Percent olp capacity 1988-69 [ 1998 1997 High May I Feb/ I Mar/ Apr/ MayP JMay 96 to May 97 | 5.0 6.6 3.1 5.8 -3.8 Capacity growth Pay 96 to j May 97 85.3 83.2 I 83.5 83.5 83.6 83.7 83.6 83.4 83.7 3.7 85.7 84.2 88.9 j 86.8 92.6 82.0 I 80.3 85.9 90.7 92.0 82.6 80.7 86.9 93.4 87.1 82.7 80.7 87.2 94.6 86.8 82.6 80.6 87.1 94.0 88.6 82.7 I 80.7 87.5 95.9 86.9 4.1 5.0 2.2 .1 1.9 the strike-related decline in April. The production of appliances and home computing, video, and audio equipment regained about two-thirds of April's decline. The production of nondurable consumer goods other than energy products—namely food, clothing, and consumer chemical products—eased slightly. A decrease in residential electricity sales more than accounted for a 1 percent decrease in the output of consumer energy products; temperatures were relatively cool in May, reducing the need for air conditioning. The output of business equipment rose 0.5 percent, with most major categories posting gains. The output of information processing equipment continued to contribute to the growth in this sector. In addition, the ongoing strength in commercial aircraft in combination with the rebound in business autos and trucks boosted the production of transit equipment. The output of industrial equipment, which is now estimated to have jumped in April, edged down, while the other equipment category advanced solidly for another month, led by further strength in service industry machinery and office furniture. The output of construction supplies reversed slightly less than one-half of April's loss, putting it near the upper end of its range during the past several months. The production of materials rose 0.7 percent, led by another sizable gam in the output of durable goods materials. Among the components of durable materials, the output of equipment parts, particularly semiconductors, rose sharply. The production of parts for consumer durables, mainly for motor vehicles, also increased. Energy materials rose 0.3 percent, as the large increase in coal production more than offset the decline in electricity generation. The output of nondurable goods materials was about unchanged. Manufacturing output increased 0.5 percent after a 0.2 percent increase in April. Excluding motor vehicles and parts, the output in manufacturing rose 0.5 percent, just slightly faster than in the previous two months. Much of the strength in the past few months reflects the increased output of durable goods; the production of nondurables is little changed from the end of last year. Gams were widespread within the durable goods sector, with only miscellaneous manufacturing and the stone, clay, and glass industry declining. Increases were especially strong in electrical machinery and primary metals. The production of nondurables increased 0.2 percent, recovering all of the April decline. Gains in the output of petroleum, rubber and plastics, paper, textile mill products, and printing more than offset weakness in other categories. A pickup in oil and gas drilling activity as well as sharply higher coal productionraisedmining output, but utility output fell. The factory operating rate edged up 0.1 percentage point, to 82.7 percent; the level has changed little in recent months. The utilization rate for advanced-processing industries increased 0.1 percentage point, to 80.7 percent, which is just slightly above its long-term average. The rate for primary-processing industries rose 0.4 percentage point, to 87.5 percent, but remained below its recent high of 89.6 percent in December 1994. Among the primary-processing industries, the rate of utilization increased for all industries except primary chemicals; stone, clay, and glass; and fabricated metals. Note: The data published in this release reflect the semiannual revision to seasonal factors for motor vehicle assemblies and series that use production worker hours as their monthly indicator. Seasonal factors were not changed prior to February 1997. 2 Industrial Production and Capacity Utilization (May data, seasonally adjusted) Industrial production indexes Twelve-month percent change Twelve-month percent change -5 -5 -10 -10 1992 1994 1996 1992 1994 Manufacturing Total industry Ratio scale, 1992 production = 100 Ratio scale, 1992 production =100 Percent of capacity 1985 1996 Percent of capacity 1990 1995 1985 1990 1995 Table 1A INDUSTRIAL PRODUCTION: MARKET GROUPS Index.1§52=1d6 1996 IP Proportion1 item Total Index Products, total Final products Consumer goods Durable Automotive products Autos and trucks Autos Trucks Auto parts and allied goods Other durable goods Appliances and electronics Appliances and air cond. Home electronics Carpeting and furniture Miscellaneous Nondurable Nonenergy Foods and tobacco Clothing Chemical products Paper products Energy products Fuels Utilities ! I Equipment, total Business equipment Information processing & related Computer and office Industrial Autos and trucks Other Defense and space equipment Oil and gas well drilling Manufactured homes Intermediate products Construction supplies Business supplies I Seasonally Adjusted 1§§6 1997 I Not seasonally adjusted ^97^ rrssB^ Dec,- Jan. Dec. Jan. Feb/ Mar.r Aor/ MavP 100.00 117.7 117.8 118.4 118.8 119.2 119.7 115.3 59.92 45.14 114.3 i 115.3 114.2 115.1 114.8 115.6 115.3 116.4 115.3 116.4 115.5 116.6 111.7 112.8 28.15 5.89 2.40 1.38 .67 .71 1.02 3.48 1.19 .55 .65 .78 1.51 22.26 18.77 9.72 1.89 4.40 2.76 3.49 1.06 2.43 112.7 111.7 ! 128.4 127.3 127.2 129.6 135.5 138.7 I 115.9 120.1 164.9 167.0 114.0 115.5 i 129.1 125.5 181.1 171.2 136.4 124.1 i 234.5 228.9 109.3 106.0 i 109.6 109.2 108.7 107.8 108.3 107.4 i 108.2 107.7 94.9 94.0 | 118.8 117.9 103.0 101,1 111.8 110.4 106.0 105.1 114.2 112.6 111.6 129.2 131.0 138.9 122.3 165.0 118.1 127.8 179.5 130.0 240.2 106.9 109.2 107.2 107.2 108.0 93.8 116.2 101.5 107.6 106.2 108.0 112,2 131.1 131.7 138.9 123.3 163.8 119.7 130.6 183.6 137.6 238.9 112.4 109.9 107.5 107.6 108.8 94.2 115.1 102.3 107.7 108.5 107.0 17.00 13.81 5.68 1.55 4.49 2.30 1.13 1.33 2.31 .64 .23 | 119.6 120.8 130.7 132.1 148.5 149.6 327.1 335.7 I 127.3 127.9 107.2 109.8 113.7 117.2 121.4 123.4 76.2 74.7 123.6 130.8 146.2 156.3 122.6 133.8 152.4 343.0 128.2 111.8 118.7 124.4 75.4 140.7 163.5 112.0 120.0 107.3 14.78 5.72 9.06 111.3 117.8 107.4 111.6 117.0 108.4 Feb/ Mar/ Aor/ MavP 116.7 118.5 118.5 118.3 118.3 112.8 114.3 114.1 116.1 114.0 115.7 113.5 115.0 113.3 114.5 111.7 127.4 125.0 127.1 116.0 146.1 119.2 129.0 180.8 129.7 243.7 108.5 109.9 107.8 107.3 107.7 94.7 116.2 102.5 110.7 108.2 111.6 111.6 110.3 112.1 128.4 119.1 123.0 126.2 109.8 123.9 129.5 107.3 130.9 91.8 111.0 117.7 149.6 125.4 154.1 118.9 109.9 112.4 129.8 125.5 122.3 182.7 168.6 164.9 130.1 118.7 122.5 247.7 230.2 215.7 110.8 103.6 103.0 109.5 111.6 107.5 107.4 ! 107.9 109.2 107.1 I 103.6 102.5 107.4 i 102.5 102.4 93.7 91.7 88.1 115.8 111.9 111.2 102.9 103.8 100.8 109.5 132.9 147.7 112.1 110.5 102.3 108.0 143.4 169.0 112.1 133.6 140.0 155.9 135.3 180.1 117.6 129.1 183.6 142.4 231.4 109.0 108.5 106.8 102.8 103.0 91.0 109.2 101.7 129.9 101.4 143.2 111.3 133.6 136.1 146.9 127.2 170.0 119.8 131.7 186.0 145.2 233.0 112.3 110.9 105.9 103.5 103.5 92.3 109.5 103.1 119.8 103.8 127.3 109.6 134.1 138.0 148.5 132.7 167.2 121.9 131.3 184.2 144.0 230.4 112.5 110.7 103.7 104.2 104.6 93.3 108.9 104.2 100.4 106.2 97.6 108.5 130.5 133.0 143.2 128.8 160.2 117.5 128.7 182.1 133.2 241.3 106.5 109.8 103.1 105.2 105.3 94.6 112.2 102.6 91.2 112.9 81.0 123.6 134.4 154.0 349.9 127.6 113.1 118.3 124.4 75.6 153.9 160.9 124.6 135.7 155.5 357.2 130.3 110.4 110.4 128.7 75.4 154.4 168.0 125.3 136.4 156.5 365.1 130.1 111.9 112.6 129.7 75.7 157.8 172.2 117.1 126.7 148.4 324.3 123.0 98.0 90.1 114.9 78.0 133.7 123.2 118.1 128.7 144.7 316.6 124.7 108.1 111.5 121.4 75.5 129.5 137.3 122.9 134.6 148.9 331.5 129.1 118.7 132.9 127.7 75.6 133.4 155.9 123.3 134.5 150.9 339.7 128.7 116.7 123.4 125.9 75.9 140.9 163.0 124.3 135.8 151.6 340.4 128.7 119.8 129.1 128.7 75.7 142.6 176.2 125.0 136.6 153.8 358.1 129.6 118.2 124.3 129.6 75.2 146.9 176.1 111.8 121.4 106.3 111.8 120.4 106.8 112.2 120.8 107.2 108.4 111.4 106.5 108.3 108.4 108.0 108.3 112.7 105.6 108.7 116.3 104.3 109.0 120.0 102.5 109.7 121.9 102.7 40.08 123.1 123.4 124.1 124.5 125.5 126.4 120.8 122.7 125.5 125.7 125.9 126.3 23.04 4.34 8.63 10.08 3.33 8.92 .96 1.61 4.39 1.96 8.12 5.22 2.90 137.8 130.3 167.9 119.9 I 115.7 109.5 105.9 112.5 110.2 106.3 103.9 102.6 106.3 138.4 132.1 169.4 119.3 114.9 109.6 106.8 111.5 111.1 105.3 103.8 101.6 108.0 139.2 129.7 172.6 119.8 116.4 110.5 107.7 113.2 111.2 107.5 104.0 102.8 106.2 140.2 129.9 175.6 119.9 116.2 110.6 104.9 114.0 111.2 108.4 103.6 102.3 105.9 141.7 130.8 178.4 120.8 116.9 110.7 105.6 113.3 112.0 107.2 104.3 102.6 107.5 143.3 131.1 181.8 121.7 118.1 110.7 105.9 114.1 111.9 106.9 104.6 103.7 106.4 134.7 115.2 171.3 117.4 114.0 105.1 97.2 108.7 106.7 101.6 105.7 103.9 109.2 135.4 128.6 168.4 115.3 113.3 109.0 106.9 113.4 109.4 104.7 108.1 104.4 114.9 140.3 135.8 172.9 119.4 118.7 111.3 109.0 115.2 112.2 106.1 106.8 105.9 108.4 142.0 138.4 176.1 119.8 118.4 110.9 107.0 114.1 111.8 107.1 104.4 103.5 106.1 142.6 136.9 177.4 120.8 119.4 113.2 109.5 114.1 114.9 109.9 101.5 100.9 102.6 144.1 137.6 180.3 121.7 118.5 110.8 110.6 112.9 112.5 104.8 102.2 102.6 101.6 Total excluding: Autos and trucks Motor vehicles and parts Computers Computers and semiconductors 97.48 95.20 97.55 93.68 117.4 117.2 115.1 111.6 117.4 117.1 115.1 111.5 118.0 117.8 115.6 111.8 118.5 118.3 116.0 112.1 119.2 118.9 116.4 112.3 119.6 119.3 116.8 112.6 115.6 115.7 112.7 109.0 116.5 116.1 114.1 110.6 117.8 117.4 115.9 112.1 118.0 117.5 115.8 111.8 117.7 117.2 115.6 111.5 117.9 117.3 115.4 111.3 Consumer goods excluding: Autos and trucks Energy 26.76 24.65 111.4 112.8 110.3 111.9 110.1 112.1 110.8 112.8 110.8 111.8 110.5 111.8 110.2 107.1 111.0 107.1 109.9 109.5 109.5 110.1 107.6 110.8 106.7 110.8 Business equipment excluding: Autos and trucks Computer and office equipment 12.67 12.26 132.4 118.2 133.6 119.2 135.3 120.5 136.0 120.8 138.3 121.8 138.8 122.1 130.3 114.1 130.4 116.6 134.7 121.9 135.6 121.4 136.4 122.7 137.8 122.6 Materials excluding: Energy 31.96 129.0 129.4 130.3 131.0 132.0 133.1 125.5 127.2 131.2 132.2 133.5 133.6 Materials Durable Consumer parts Equipment parts Basic metals Nondurable Textile Paper Chemical Other Energy Primary Converted fuel SPECIAL AGGREGATES 1. The IP proportion data are estimates of the industries' relative contributions to overall IP growth in the following year. Table 1B INDUSTRIAL PRODUCTION: MARKET GROUPS Percent change Item 1995 Q4 to 1996 Q4 Seasonally adjusted annua rate "TSSG"" Q2 Q3 Q4 Seasonally adjusted wQ1 1997 NQtsseasonalllvadiusiled 1997 r Feb/ Mar/ Apr/ MavP Feb/ Mar/ Aor/ MavP Total Index 3.9 6.2 3.3 4.5 4.4 .5 .4 .3 .4 1.6 .0 -.2 .0 Products, total Final products 3.8 4.1 5.3 5.9 3.1 2.8 4.8 4.8 3.6 4.0 .5 .5 .4 .6 .0 .1 .2 .2 1.1 1.5 -.1 -.3 -.4 -.7 -.1 -.4 2.5 2.4 .9 .5 -3.8 7.3 1.3 3.4 10.5 1.5 18.6 .3 -.7 2.5 2.5 2.3 -2.7 5.3 2.8 2.5 3.3 2.2 3.7 18.5 25.5 46.7 90.8 18.1 -.2 13.8 31.6 24.3 37.5 13.5 1.1 -.1 -.1 -.6 1.0 -2.1 4.0 .1 2.4 -.7 .8 2.6 5.9 11.4 12.7 13.1 -1.4 .3 7.1 6.2 8.5 -8.5 -.7 .3 2.8 .8 -2.3 7.8 5.7 -12.4 -.2 -17.3 5.6 -5.0 -11.7 -20.9 -40.4 3.9 3.3 -.1 2.5 -14.7 19.0 -.1 -2.1 8.6 7.9 6.1 -.7 17.9 5.0 12.7 2.7 17.5 -.3 8.3 17.8 23.6 16.9 29.7 10.1 2.2 -.1 6.4 -5.1 -3.9 7.3 -2.5 -.3 2.9 -4.6 -2.6 -4.9 -13.6 -2.7 -18.1 -.1 1.5 1.0 2 1.9 -1.2 2.2 1.8 4.8 4.8 4.9 .8 .0 -.5 -.2 .3 -.2 -1.4 .4 -2.5 1.1 -4.1 .5 1.5 .5 .0 .8 -.7 1.3 2.2 2.3 5.8 -.5 5.1 .6 .3 .3 .7 .4 -1.0 .8 .0 2.1 -.9 -.4 -2.9 -5.1 -8.5 -5.9 -10.8 -.4 -1.3 -1.5 -5.7 2.0 -3.4 .0 .2 -.2 -1.0 .5 1.0 .2 2.8 -.2 4.3 -.1 .8 1.0 1.9 1.4 2.4 -.2 .6 1.0 .3 1.6 2.1 -.4 -.4 -.2 -.2 -1.1 -.4 .4 -1.0 3.6 -3.2 .0 8.6 13.0 19.2 21.9 16.9 4.6 5.5 11.4 16.3 7.3 5.8 .9 -2.2 .3 .5 3.4 -1.8 .9 -12.1 -.8 -15.2 -.7 .0 -2.8 -5.8 -6.0 -5.6 1.8 2.1 1.3 1.9 .7 3.0 .2.2 -.8 .7 .5 1.3 .3 1.4 -7.8 2.3 -11.1 -1.6 .4 1.4 1.1 4.3 -1.7 1.8 -.4 -1.0 -.8 -1.1 .2 -.1 -2.2 .7 1.1 1.1 -.5 1.0 -16.2 2.4 -23.3 6.8 8.0 10.8 38.9 -.2 21.5 -1.9 3.6 -1.2 14.0 .4 9.6 8.3 10.1 42.9 -.5 28.7 50.3 .6 6.4 50.1 21.8 6.0 8.1 9.5 44.4 -.1 22.2 8.9 6.4 1.8 -16.1 -2.0 3.4 5.6 7.5 22.1 1.1 6.2 -25.6 12.3 -6.9 2.5 -18.5 11.4 11.7 12.4 26.8 2.6 26.6 19.1 14.4 -6.1 85.6 8.3 1.5 1.3 1.9 2.2 .3 1.8 1.2 .8 .8 7.6 4.6 .8 .5 1.0 2.0 -.5 1.2 -.3 .0 .4 9.4 -1.6 .8 1.0 1.0 2.1 2.1 -2.4 -6.6 3.4 -.2 .3 4.4 .6 .5 .6 2.2I -.1 1.3 1.9 i .8 .3 2.2 2.5 4.0 4.6 2.9 4.7 3.6 9.9 19.2 5.1 .1 3.1 13.5 .3 .0 1.3 2.5 -.3 -1.7 -7.1 -1.4 .4 5.6 4.6 3.0 5.7 1.3 3.6 11.1 -.8 4.1 9.3 .8 4.8 -.4 8.2 2.5 2.5 2.4 .4 2.5 -.9 -.2 1.2 -1.0 .0 -.8 .5 .3 .3 .4 .0 4.0 -2.2 4.0 7.5 3.6 4.1 5.6 .6 .3 .8 .7 5.5 .8 11.2 2.8 2.6 2.8 1.1 2.5 4.5 .1 1.0 -.1 2.8 9.4 16.8 12.4 3.9 5.6 6.0 10.1 6.0 4.5 7.2 4.0 I 4.7 2.7 6.2 2.2 10.6 4.2 5.2 4.2 8.2 7.3 6.4 -4.2 -4.1 -4.9 -2.8 3.9 -6.5 10.9 2.7 7.2 6.3 -1.8 9.1 10.7 -1.4 2.0 -1.1 7.9 7.6 5.3 18.0 .0 .2 6.3 -4.1 9.1 7.9 5.4 -.6 .6 -2.8 .6 -1.8 1.9 .5 1.3 .8 .8 1.5 .0 2.0 .2 1.2 -1.6 .7 .2 1.7 .0 -.2 .1 -2.6 .7 .1 .9 -.4 -.5 -.3 1.1 .6 1.6 .8 .6 .0 .7 -.6 .7 -1.1 .7 .3 1.5 1.1 .3 1.9 .7 1.1 .1 .3 .7 .0 -.3 .3 1.1 -1.1. Total excluding: Autos and trucks Motor vehicles and parts Computers Computers and semiconductors 4.0 4.2 3.1 2.6 5.3 4.8 5.4 5.0 3.1 3.3 2.4 1.9 5.3 5.6 4.0 3.5 4.0 4.0 3.9 2.7 .5 .6 .5 .3 .4 .5 .4 .2 .6 .5 .3 .2 Consumer goods excluding: Autos and trucks Energy 2.6 2.5 1.7 4.1 .2 2.8 7.2 4.6 -1.4 1.7 -.1 .2 .6 .6 .0 -.9 Business equipment excluding: Autos and trucks Computer and office equipment 8.9 4.4 5.2 4.3 8.0 3.9 9.1 3.6 11.1 9.8 1.3 1.1 .6 .3 1.6 .8 Materials excluding: Energy 4.7 8.4 5.6 4.6 7.2 .7 .5 .8 Consumer goods Durable Automotive products Autos and trucks Autos Trucks Auto parts and allied goods Other durable goods Appliances and electronics Appliances and air cond. Home electronics Carpeting and furniture Miscellaneous Nondurable Nonenergy Foods and tobacco Clothing Paper products Energy products Fuels Utilities Equipment, total Business equipment Information processing & related Computer and office Transit Autos and trucks Other Defense and space equipment Oil and gas well drilling Manufactured homes intermediate products Construction supplies Business supplies Materials Durable Consumer parts Equipment parts Basic metals Nondurable Textile Paper Chemical Other Energy Primary Converted fuel May96 to Mav 97 4.3 I 3.7 3.9 -1.0 -2.6 -3.6 -3.6 -2.9 -4.2 -3.6 -1.9 -1.1 -7.5 4.7 -5.3 -.9 -.5 .9 .6 1.4 3.0 -1.5| -9.2 6.3 I -17.0 1.4 1.2 -.6 -4.1 -8.7 1.5 4.3 2.4 6.2 1.1 10.8 -1.4 1.3 1.5 2.3 2.1 -2.3 4.8 2.3 -2.9 5.0 -6.3 .9 .9 .5 .2 .0 2.7 4.6 2.3 -.4 1.2 8.1 .6 .6 1.4 5.2 •7 -1.4 -3.7 •7 -.6 3.0 .0 8.0 9.2 11.1 30.5 2.9 14.7 -4.6 12.5 -2.8 24.2 3.9 .4 3.1 -1.2 .2 3.3 -1.7 •7 1.5 .1 3.1 4.0 2.4 2.3 .2 .2 .3 5.2 3.6 5.6 21 3.5 4.8 2.1 2.0 1.6 2.6 1.4 -1.2 1.4 -5.6 1.2 1.9 1.9 .3 -.3 -.4 -1.8 -.9 -.4 1.0 -2.2 -2.3 -2.1 .5 -1.1 .8 .9 .9 2.1 2.3 .0 2.8 2.5 -2.8 -2.5 -3.4 1.0 .5 1.6 •7 -7 -2.1 1.0 -1.0 -2.1 -4.6 .8 1.7 -.9 7.3 .4 15.6 3.3 5.3 4.6 -.1 7.2 7.0 -.2 .0 .2 -.3 .4 .4 .4 .2 1.2 1.1 1.5 1.4 .2 .1 -.1 -.2 -.3 -.3 -.2 -.3 •1 •1 -.1 -.2 4.5 4.7 3.7 2.8 -.2 .0 -1.0 2.3 -.4 .5 -1.8 .6 -.8 .0 1.7 2.0 A .3 3.3 4.5 .7 -.4 .6 1.0 1.0 .0 10.5 6.5 .8 3.2 .8 .9 .1 6.6 SPECIAL APPRECIATES Note—Percent changes shown in the first and last columns are based on seasonally adjusted data. 5 Table 2A INDUSTRIAL PRODUCTION: INDUSTRY GROUPS Index. 11>32=1uu Item 1996 I Seasonally Adjusted IP 1997 1 T55T SIC | Proportion Dec. Jan. Feb/ Mar/ Apr/ , Feb/ Mar/ Aor/ MavP 117.7 117.8 118.4 118.8 119.2 119.7 115.3 116.7 118.5 118.5 118.3 118.3 86.34 119.2 119.3 120.1 120.5 120.8 121.4 115.2 115.8 119.0 119.6 120.7 121.0 27.72 58.62 i 114.0 121.7 113.8 122.0 114.8 122.6 115.5 123.0 115.5 123.4 116.2 124.0 110.9 117.3 111.0 118.2 114.2 121.4 114.7 122.0 116.5 122.7 116.1 123.4 46.79 2.06 1.30 2.12 128.8 ! 108.0 I 110.5 111.3 129.5 108.6 109.7 112.7 130.8 112.0 110.3 112.5 131.7 113.2 110.9 113.1 132.4 113.9 112.4 114.3 133.4 114.6 113.4 113.9 124.9 102.4 108.7 106.8 126.2 104.1 105.9 105.8 131.7 109.6 110.7 107.5 132.6 111.3 109.5 109.8 133.5 114.2 110.0 114.2 134.0 113.2 110.1 115.2 3.52 1.88 .09 1.64 5.28 118.8 116.7 112.5 121.2 119.5 117.8 118.0 111.7 117.6 119.2 120.0 118.2 112.3 122.1 119.5 120.5 117.8 114.2 123.6 120.5 120.9 120.1 115.5 121.8 120.5 122.5 122.2 117.8 122.7 120.6 115.5 113.1 109.7 118.2 119.2 117.1 115.5 112.1 118.9 115.2 123.7 122.5 116.8 125.1 117.8 122.6 120.1 117.3 125.4 119.7 125.3 125.7 119.1 124.8 117.9 123.3 122.8 117.8 123.8 119.5 9.51 2.45 3.87 162.9 332.5 I 168.8 280.4 164.7 340.3 168.6 283.9 166.6 347.8 172.5 294.1 167.3 354.7 175.3 302.7 170.9 362.2 177.2 309.1 172.2 370.1 179.8 317.7 157.0 329.7 170.0 286.6 159.2 320.9 166.2 282.4 167.5 336.1 172.3 294.6 169.0 344.4 175.1 304.9 169.9 345.1 175.9 308.0 172.2 363.1 178.1 315.7 372-6,9 38 39 8.41 4.80 2.29 3.62 4.72 1.29 109.6 127.9 125.6 91.5 104.1 116.6 111.9 132.0 128.8 92.2 103.3 116.3 111.5 129.6 129.4 93.5 104.6 117.1 111.9 128.9 129.5 94.8 105.0 116.3 110.6 125.5 119.1 95.5 105.0 116.6 111.6 127.0 121.3 96.0 105.3 116.1 99.0 103.4 99.8 93.3 104.0 117.5 110.1 127.6 121.5 92.6 101.1 112.3 117.6 142.1 145.4 93.7 103.2 114.8 117.1 138.9 136.9 95.7 103.7 115.7 118.2 140.4 139.2 96.4 103.7 115.7 117.4 138.5 134.4 96.6 103.6 115.4 20 21 22 23 26 39.55 9.37 1.16 1.57 1.80 3.29 108.8 108.2 108.9 106.3 97.2 111.6 108.5 108.2 104.6 106.3 96.2 110.3 108.6 108.4 105.7 106.9 95.8 111.1 108.7 109.2 107.1 108.3 96.3 112.2 108.5 108.1 105.6 107.0 95.9 111.3 108.8 107.9 104.5 107.8 95.3 111.9 104.8 105.0 89.5 95.3 96.9 106.7 104.8 103.2 101.8 100.8 93.1 112.0 105.6 102.7 109.3 105.5 93.9 112.9 105.9 103.8 106.1 107.1 95.5 111.8 107.1 104.4 108.7 111.4 94.3 113.5 107.4 105.8 100.6 111.1 95.3 109.9 27 28 29 30 31 6.44 10.17 1.75 3.78 .20 99.8 114.0 107.3 122.6 80.1 100.5 113.7 107.4 121.1 78.3 100.6 112.8 108.6 123.1 77.6 99.6 112.1 108.1 124.1 78.6 99.7 113.1 108.4 123.4 76.8 100.2 113.1 111.3 124.1 76.4 97.9 108.3 107.6 121.8 80.3 96.3 109.9 99.8 119.7 76.4 96.7 110.1 100.4 123.3 75.7 96.6 109.9 101.9 124.0 78.2 97.3 111.6 105.4 124.0 76.4 97.2 112.2 112.7 123.8 76.4 10 12 13 14 5.59 .42 .87 3.71 .60 104.5 106.3 109.5 100.7 122.9 103.6 105.7 106.4 100.8 117.2 106.3 105.7 109.6 103.1 125.0 107.6 105.2 105.5 105.4 129.5 107.1 103.0 106.2 105.3 124.9 109.2 102.8 117.4 105.8 126.3 103.7 105.8 106.1 103.4 100.4 100.5 101.1 105.6 101.6 83.7 103.4 103.8 114.0 103.0 89.3 105.3 105.1 112.6 103.8 105.0 106.0 102.2 105.9 104.1 123.8 108.5 103.4 111.3 104.3 138.8 491,3pt 492,3pt 8.07 6.26 1.81 112.6 112.6 112.7 112.7 113.2 110.9 110.2 110.9 107.6 109.9 110.3 108.4 112.4 112.2 112.9 110.2 109.7 112.2 124.8 112.9 165.7 137.6 120.4 197.1 125.0 111.5 171.6 117.2 106.3 154.8 103.1 100.3 112.3 97.6 102.0 82.1 81.54 83.89 80.02 118.6 116.1 112.0 118.6 116.2 112.0 119.5 116.9 112.5 120.0 117.3 112.7 120.5 117.5 112.8 121.1 118.0 113.1 115.7 112.2 107.9 115.1 112.9 108.7 117.7 115.9 111.5 118.5 116.4 111.8 119.5 117.5 112.8 120.0 117.7 112.9 j 12.1 5.8 6.3 6.0 0.3 12.3 6.0 6.4 6.1 0.3 12.4 6.1 6.3 6.0 0.3 12.3 6.1 6.2 5.9 0.3 11.3 5.7 5.6 5.3 0.3 11.5 5.8 5.7 5.4 0.3 9.5 4.6 4.9 4.6 0.2 12.1 5.9 6.2 6.0 0.3 12.5 6.2 6.3 6.0 0.3 12.4 6.1 6.2 6.0 0.3 13.1 6.7 6.5 6.1 0.3 12.6 6.5 6.2 5.9 0.3 Manufacturing Primary processing Advanced processing Durable Lumber and products Furniture and fixtures Stone, clay, and glass products 24 25 32 33 Primary metals Iron and steel 331,2 Raw steel Nonferrous 333-6,9 Fabricated metal products 34 Industrial machinery and equipment 35 Computer and office equip 357 Electrical machinery 36 Semiconductors 3672-9 Transportation equipment 37 371 nondurable Foods Tobacco products Textile mill products Apparel products Paper and products Printing and publishing Chemicals and products Petroleum products Rubber and plastics products Leather and products Mininp Metaimining Coal mining Oil and gas extraction Stone and earth minerals Utilities Electric Gas seasonally adjusted 100.00 Total index Autos and light trucks Aerospace and misc. Instruments MavP 1897 ~w Dec. Jan. 1956 8.58 SPECIAL AOQREQATE3 Manufacturing excluding: Motor vehicles and parts Computer and office equipment Computers and semiconducltors Memo: Motor vehicle assemblies2 Total Autos Trucks Light Heavy and medium 1. The IP proportion data are estimates of the industries' relative contributions to overall IP growth in the following year. 2. Millions of units at an annual rate. Note—Primary processing manufacturing includes textile mill products, paper and products, industrial chemicals, synthetic materials, and fertilizers, petroleum products, rubber and plastics products, lumber and products, primary metals, fabricated metals, and stone, clay, and glass products. Advanced processing manufacturing includes foods, tobacco products, apparel products, printing and publishing, chemical products and other agricultural chemicals, leather and products, furniture and fixtures, industrial machinery and equipment, electrical machinery, transportation equipment, instruments, and miscellaneous manufactures. 6 Table 2B INDUSTRIAL PRODUCTION: INDUSTRY GROUPS Percent change SIC Item Seasonally adjusted annual rate 1995Q4 to | 1996 T357r 1996Q4 Q2 Q3 Q4 <21 6.2 3.9 Total index 3.3 4.5 4.4 Seasonallv adjusted 1997 Feb/ .5 Mar/ Not seasonallv adjusted 1997 MavP May 96 to Mav97 Aor/ MavP Feb/ Mar/ Aor/ .4 .3 .4 1.6 .0 -.2 .0 4.3 .5 2.7 .5 .9 .3 5.0 4.1 6.3 5.0 4.3 5.3 .6 .4 .2 2.9 4.8 5.9 6.5 5.4 4.8 2.3 5.2 2.9 6.5 .9 .5 .6 .3 .1 .3 .6 .5 2.8 2.7 .5 .5 1.5 .6 -.3 .6 4.0 5.4 5.7 2.7 2.5 1.9 10.3 15.5 8.7 2.0 6.0 -1.9 -2.7 11.8 2.8 -1.3 7.1 -5.0 8.2 4.1 -.6 4.4 1.0 3.1 .6 -.2 .7 1.1 .5 .6 .6 .6 1.4 1.1 .8 .6 .9 -.4 4.4 5.3 4.5 1.6 .7 1.5 -1.0 2.1 .7 2.6 .4 4.0 .4 -.9 .0 .9 6.6 3.8 2.7 3.7 33 Primary metals 331,2 Iron and steel Raw steel 333-6,9 Nonferrous 34 Fabricated metal products Industrial machinery 35 and equipment 357 Computer and office equip. 36 Electncal machinery 3672-9 Semiconductors 3.7 2.4 -1.7 5.2 2.7 9.1 8.9 4.6 9.3 3.3 7.4 7.4 -.4 7.6 3.1 4.1 2.6 -7.9 6.0 .1 -1.1 -2.1 6.8 .0 1.5 1.9 .1 .5 3.9 .2 .4 -.3 1.7 1.2 .8 .3 1.9 1.1 -1.5 .0 1.3 1.8 2.0 .8 I .1 5.7 6.1 4.2 2.2 -.9 -2.0 .4 .3 1.6 2.2 4.7 1.6 -.5 -1.5 -1.6 -2.3 -1.1 -.8 1.3 5.3 5.7 4.4 4.9 1.9 10.0 37.4 7.1 16.0 10.6 40.7 8.5 14.5 11.6 43.0 5.6 15.3 6.8 22.1 6.7 17.8 12.2 25.9 12.3 33.4 1.1 2.2 2.3 3.6 .4 2.0 1.6 2.9 2.2 2.1 1.1 2.1 .7 2.2 1.5 2.8 5.2 4.7 3.6 4.3 .9 2.5 1.6 3.5 .6 .2 .5 1.0 37 371 372-6,9 38 39 6.5 -1.6 -.4 18.9 2.7 3.2 25.7 36.8 53.0 11.7 1.5 2.4 7.6 2.7 11.7 14.9 .3 1.9 -2.2 -15.2 -24.8 18.1 2.9 5.9 14.2 14.1 22.4 14.3 3.1 7.0 -.4 -1.8 .5 1.5 1.2 .7 .3 -.5 .1 1.4 .4 -.7 -1.2 -2.7 -8.0 .7 -.1 .3 .9 1.2 1.8 .6 .3 -.4 6.8 11.4 19.6 1.2 2.0 2.2 -.4 -2.3 -5.8 2.1 .5 .8 .9 1.1 1.7 .7 .0 .0 -.7 -1.3 -3.4 .2 -.1 -.3 4.5 -2.7 -4.9 14.6 2.8 3.5 20 21 22 23 26 2.3 2.1 2.6 .5 -2.8 1.7 1.6 1.0 -9.1 7.7 4.2 10.5 3.7 .9 -4.5 5.4 -2.9 4.2 6.0 6.0 9.1 -1.8 -3.6 2.8 2.0 3.7 | -1.2 -.9 -5.4 5.3 .1 .2 1.0 .5 -.4 .7 .1 .7 1.4 1.3 .5 1.0 -.2 -1.0 -1.4 -1.2 -.4 -.8 .2 -.2 -1.0! -.6 .5 .8 -.5 7.4 4.6 .8 .8 .3 1.1 -3.0 1.6 1.7 -1.0 1.1 .6 2.5 4.0 -1.2 1.5 •2 1.3 -7.5 -.3 1.0 -3.2 3.1 2.2 .8 1.5 -3.7 3.8 27 28 29 30 31 .4 5.0 3.5 2.5 -4.7 | -4.2 2.2 1.6 2.9 -.4 3.8 6.9 2.4 7.8 -6.2 6.9 12.3 3.9 .3 -5.1 1.5 1.8 1.4 2.7 -2.3 .1 -.8 1.1 1.6 -.9 -1.0 -.6 -.5 .8 1.3 .1 .9 .3 -.5 -2.3 .5 .0 2.7 .5 -.5 .4 .2 .6 2.9 -.9 .0 -.2 1.4 .6 3.3 .7 1.5 3.5 .0 -2.3 -1 .5 7.0 -2 .0 2.4 5.5 4.8 3.5 -5.3 3.4 1.7 4.1 J 3.0 6.9 10.9 8.6 26.9 8.1 8.3 .8 14.5 -4.6 -.5 7.5 .5 2.7 9.6 -2.1 2.6 8.0 2.8 -5.2 11.8 9.9 2.6 .0 3.0 2.2 6.7 1.3 -.5 -3.7 2.3 3.6 -.5 -2.1 .6 -.1 -3.5 2.0 -2 10.6 .5 1.1 2.9 2.7 8.0 1.4 6.6 1.8 1.3 -1.3 .7 17.5 .7 -2.8 -5.9 .3 18.0 2.3 1.2 5.1 •2 12.1 5.8 1.9 8.7 5.3 7.6 1.4 .9 3.1 2.2 2.2 2.3 -12.0 -10.8 -16.1 9.5 5.9 23.1 -7.1 -3.4 -19.3 -2.3 -2.1 -3.0 -.3 -.6 .8 2.3 1.7 4.2 -1.9 -2.2 -.7 -9.2 -7.4 -12.9 -6.2 -4.7 -9.8 -12.0 -5.6 -27.5 -5.3 1.7 -26.9 -3.8 -4.5 -1.2 4.5 3.3 2.7 4.7 5.3 4.9 5.1 4.0 3.4 5.6 3.8 3.1 4.8 4.7 3.4 .8 .6 .4 .5 .4 .2 .4 .2 .1 .5 .5 .3 2.2 2.7 2.6 .7 .5 .3 .9 .9 .9 •4 •2 .0 5.5 4.3 3.2 Manufacturing Primary processing Advanced processing Durable Lumber and products Furniture and fixtures Stone, clay, and glass products Transportation equipment Motor vehicles and parts Autos and light trucks Aerospace and misc. Instruments Miscellaneous 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 Metalmining Coal mining Oil and gas extraction Stone and earth minerals Utilities Electric Gas 24 | 25 32 10 12 13 14 491,3pt 492,3pt •7 I 5.2 1.3 ' 11.6 5.2 30.0 1.2 11.2 2.5 25.7 SPECIAL AGGREGATES Manufacturing excluding: Motor vehicles and parts Computer and office equipment Computers and semiconductors 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 TT9BT 1996 Proportion 1996 Ave. 1973 High "T575^ 1980 High 1982 Low "T55T"T^gjr 1989 High 1991 Low 1996 May 1996 Dec. 1997 Jan. Feb/ Mar.r Aor.r MavP Total industry 100.00 82.1 89.2 87.3 71.1 85.3 78.1 83.2 83.5 83.3 83.5 83.6 83.6 83.7 Manufacturing 87.43 81.2 88.5 86.9 69.0 85.7 76.6 82.0 82.5 82.4 82.6 82.7 82.6 82.7 26.61 60.81 82.3 80.6 91.2 87.2 88.1 86.7 66.2 70.4 88.9 84.2 77.8 76.1 85.9 80.3 86.6 80.8 86.2 80.7 86.9 80.7 87.2 80.7 87.1 80.6 87.5 80.7 47.70 1.97 1.32 2.20 79.5 82.7 81.7 78.0 89.2 88.7 96.8 88.8 87.7 87.9 85.5 88.0 63.9 60.8 68.9 64.3 84.5 93.6 86.6 83.6 73.2 75.5 72.5 69.7 82.2 86.1 82.4 78.7 81.7 82.9 81.4 78.8 81.7 83.1 80.6 79.6 82.1 85.5 81.0 79.3 82.3 86.2 81.2 79.7 82.3 86.6 82.2 80.4 82.5 86.9 82.7 79.9 333-6,9 3331 3334 3.22 1.75 .08 1.46 .08 .10 ; 80.8 80.6 80.6 81.3 74.1 88.5 100.2 105.8 102.7 90.8 93.4 95.7 94.2 95.8 95.8 91.1 81.5 97.6 45.1 37.0 35.2 60.1 42.1 58.6 92.7 95.2 92.7 89.3 86.3 100.4 73.7 71.8 71.5 74.2 73.6 97.3 90.4 88.7 91.9 92.5 84.4 85.3 90.4 87.1 91.1 94.7 96.8 85.5 89.4 87.7 90.3 91.7 96.8 85.5 90.8 87.6 90.5 95.0 95.5 86.0 91.0 87.1 91.8 95.9 93.7 86.4 91.0 88.5 92.6 94.2 95.3 86.3 92.0 89.9 94.1 94.7 85.7 34 5.18 78.2 87.8 83.9 63.7 82.0 72.2 84.7 84.1 83.7 83.7 84.2 84.0 83.9 35 357 36 8.92 2.37 8.77 81.5 81.5 81.1 96.0 90.9 89.2 93.2 92.6 89.4 64.0 65.5 71.6 85.4 86.9 84.0 72.4 66.9 75.1 89.9 92.0 83.7 89.0 89.5 80.0 89.2 89.1 78.9 89.3 88.6 79.7 88.8 87.8 80.1 89.8 87.2 80.0 89.6 86.7 80.2 37 371 75.7 76.4 86.1 93.4 372-6,9 38 39 9.77 5.56 2.49 4.22 4.98 1.36 75.3 81.9 75.3 78.4 89.9 82.9 84.8 95.0 94.6 81.9 92.7 79.4 57.2 45.5 40.6 66.6 78.4 65.4 85.8 89.1 92.2 87.3 81.4 79.0 68.5 55.9 53.3 79.2 77.2 71.7 72.4 74.6 79.5 69.5 78.8 77.9 73.8 71.9 77.7 76.4 80.1 80.3 75.4 74.1 79.5 77.1 79.5 80.0 75.0 72.7 79.8 78.2 80.5 80.4 75.2 72.3 79.7 79.3 80.8 79.8 74.3 70.3 73.2 79.8 80.7 79.9 74.9 71.0 74.4 80.3 80.9 79.4 20 22 23 26 261-3 27 39.73 9.48 1.60 1.99 3.17 1.26 6.55 83.4 83.0 85.5 81.1 89.3 92.4 85.9 87.8 86.0 91.4 84.2 97.1 97.2 89.7 87.5 84.6 91.2 87.5 96.1 98.3 93.9 76.4 79.1 72.3 77.5 80.6 82.0 82.0 87.3 85.4 90.4 85.1 93.5 98.0 91.7 80.7 82.7 77.7 75.5 85.0 39.9 79.6 81.8 80.9 82.0 75.9 88.1 89.9 80.3 83.5 82.0 81.1 74.1 90.4 94.0 82.2 83.1 81.9 81.0 73.3 89.3 92.7 82.7 83.2 31.9 81.4 73.0 89.9 93.3 82.9 83.2 82.4 82.4 73.4 90.7 93.1 82.1 82.9 81.4 81.4 73.1 89.9 92.3 82.3 83.0 81.2 82.0 72.7 90.3 82.7 10.69 .78 .36 1.50 3.43 .24 79.6 86.6 85.1 86.3 84.9 81.2 87.6 102.0 93.8 96.7 95.5 81.3 84.6 90.9 98.6 90.0 91.2 92.1 69.9 63.4 64.4 66.8 72.7 75.8 86.2 97.0 99.7 88.5 89.6 83.3 79.3 74.8! 77.6 85.1 77.4 76.1 77.7! 94.3 84.5 93.6 90.9 71.9 81.0 94.0 93.8 94.2 92.1 72.0 80.6 93.5 95.9 94.3 90.8 70.5 79.7 93.3 88.8 95.4 92.1 70.0 79.0 93.0 88.7 94.9 92.7 71.1 79.6 79.3 95.5 95.2 92.0 69.6 97.8 92.3 69.4 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 machinery and equipment Computer and office equip Electncal machinery Transportation equipment Motor vehicles and parts Autos and light trucks1 Aerospace and misc. Instruments Miscellaneous Nondurable Foods Textile mill products Apparel products Paper and products Pulp and paper Printing and publishing 24 25 32 33 331,2 Chemicals and products 28 Plastics materials 2821 Synthetic fibers 2823,4 Petroleum products 29 Rubber and plastics products 30 Leather and products 31 j Ulnlng Metalmining Coal mining Oil and gas extraction Oil and gas well drilling Stone and earth minerals Utilities Electric Gas ! i 10 12 13 138 14 5.29 .42 .85 3.50 .65 .52 87.5 78.5 86.9 38.5 72.8 85.4 94.3 89.6 91.0 96.9 93.0 95.0 96.0 87.9 99.4 97.3 104.3 92.7 80.3 44.4 76.6 82.3 50.9 63.3 86.8 89.4 91.5 86.6 60.6 89.1 86.1 79.9 83.4 87.5 53.7 79.4 90.7 85.2 87.7 91.7 85.0 93.7 91.9 89.5 88.3 92.3 84.8 97.0 91.1 39.0 85.7 92.5 89.9 92.4 93.4 88.9 88.1 94.5 96.8 98.4 94.6 88.4 34.8 96.7 106.0 101.7 94.0 86.5 85.2 96.6 106.4 97.9 95.9 86.3 94.1 97.0 108.8 98.8 491,3pt 492,3pt 7.28 5.59 1.69 87.2 89.1 82.4 96.2 99.0 94.1 89.1 88.2 93.7 75.9 78.9 69.1 92.6 95.0 85.0 83.4 87.1 67.1 92.0 93.5 86.5 89.3 90.3 85.4 89.3 90.7 84.0 87.1 88.7 81.4 86.8 88.1 82.0 88.6 89.5 85.4 86.9 87.3 84.8 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. 8 Table 4 INDUSTRIAL CAPACITY: MANUFACTURING, MINING, AND UTILITIES l Item _ _ _ SIC H 5 reenter anae Annual rate 19671997 1975 msr 1997 Ave. Ave. Ave. Decemberto December 1993 1994 1995 Capacity indexes Percent of 1992 output ~l 1996 1997P 1996 Mav 1996 Dec. 1997 Jan. Feb. Mar. Aor. Mav Total industry 2.8 3.8 2.4 1.8 2.9 3.4 3.7 3.7 137.9 140.9 141.3 141.8 142.2 142.6 143.1 Manufacturing 3.1 4.0 2.8 2.0 3.2 3.8 4.1 4.1 141.0 144.4 144.9 145.3 145.8 146.3 146.8 Primary processing Advanced pr^x^ssTrag 2.1 3.6 4.1 4.0 1.4 3.5 1.2 2.4 2.1 3.8 2.1 4.6 2.4 4.9 2.1 5.1 129.9 ! 131.7 131.9 146.5 150.7 151.3 132.2 151.9 132.4 152.5 132.6 153.1 132.8 153,8 Durable Lumber and products 24 Furniture and fixtures 25 Stone, clay, and glass products 32 3.5 1.8 2.8 1.4 3.7 2.9 4.5 2.5 3.4 1.4 2.1 .9 2.6 .4 1.4 .1 4.2 2.6 1.4 1.0 5.7 2.1 1.3 1.3 6.2 2.9 2.4 2.3 6.3 2.7 2.3 2.0 152.2 128.2 133.9 139.4 157.7 130.4 135.8 141.3 158.5 130.7 136.0 141.5 159.2 131.0 136.3 141.8 160.0 131.3 136.5 142.0 160.9 131.5 136.8 142.2 161.7 131.8 137.1 142.5 33 331,2 333-6,9 3331 3334 .3 -.4 -.9 1.5 .2 1.2 1.7 .7 .3 3.8 1.8 5.2 -.3 -.8 -1.3 .5 -.4 -4 I -.1 -.8 -4.3 .9 5.2 .5 1.5 3.1 1.4 -.4 -1.1 .0 1.8 1.8 3.3 1.8 2.5 .0 3.5 4.8 .9 1.9 -2.9 .0 3.3 3.6 3.5 2.9 -1.3 .0 128.7 130.3 122.9 126.5 129.4 103.7 131.4 134.0 123.5 128.0 127.0 103.7 131.8 134.5 123.7 128.3 126.7 103.7 132.1 134.9 124.1 128.6 126.6 103.7 132.5 135.3 124.4 128.9 126.5 103.7 132.8 135.7 124.8 129.2 126.4 103.7 133.2 136.0 125.2 129.6 126.2 103.7 34 1.6 3.1 1.1 1.6 1.4 2.8 2.9 2.7 139.8 142.1 142.4 142.8 143.1 143.4 143.7 35 357 36 5.3 20.4 7.4 4.7 12.0 5.9 5.6 24.0 8.1 4.8 19.4 8.3 6.5 23.1 12.0 9.2 29.5 17.0 11.6 36.7 16.5 12.7 39.8 15.5 171.6 309.3 193.2 183.0 184.7 186.5 188.4 371.6 381.8 392.7 403.8 211.2 213.8 216.3 218.9 37 371 2.5 3.3 3.0 4.4 2.4 2.8 372-6,9 38 39 1.4 4.5 2.1 1.1 7.6 4.4 1.5 3.2 1.2 .7 3.0 -.2 -2.0 .5 1.5 3.2 7.9 6.2 -2.1 .1 1.4 2.8 7.1 5.7 -2.6 .0 1.4 1.1 3.0 1.5 -1.4 .0 1.4 .7 1.3 2.2 -.1 .5 1.7 147.5 174.9 160.4 120.6 129.9 144.0 148.4 177.7 161.7 119.7 129.9 145.2 148.5 178.0 161.9 119.6 129.9 145.4 148.6 178.2 162.2 119.6 130.0 145.6 148.7 178.4 162.5 119.6 130.0 145.8 148.8 178.6 162.8 119.6 130.1 146.0 148.9 178.7 163.1 119.6 130.1 146.2 20 22 23 26 261-3 27 2.7 2.4 2.2 1.2 2.7 2.4 2.5 4.3 3.0 4.4 2.3 3.9 2.9 3.0 2.0 2.1 | 1.3 I •7 2.2 2.2 2.3 1.3 1.8 2.5 .5 2.3 1.8 -.9 1.9 2.0 3.7 .4 1.4 1.9 .0 1.6 2.1 4.1 3.2 2.0 3.0 -.2 1.7 1.9 2.3 1.1 1.5 2.2 -.6 1.5 129.0 1.8 i 130.6 .5 129.4 .0 130.4 1.0 ! 122.4 1.6 118.4 -.7 121.9 130.3 132.0 131.1 131.2 123.4 119.8 121.5 130.5 132.2 131.2 131.3 123.5 120.0 121.4 130.6 132.4 131.3 131.3 123.6 120.1 121.3 130.8 130.9 132.6 132.8 131.3 131.4 131.3 131.2 123.7 123.8 120.3 120.4 121.3 121.2 131.1 133.0 131.4 131.2 123.9 120.6 121.1 28 Chemicals and products Plastics materials 2821 Synthetic fibers 2823,4 Petroleum products 29 Rubber and plastics products 30 Leather and products 31 3.7 6.5 3.8 1.4 5.1 -3.2 6.8 12.7 9.7 4.2 8.4 -1.5 2.5 2.1 4.1 ! -1.6 1.4 .8 •3 i -.5 3.8 3.2 - 3 . 8 I -2.1 3.0 7.5 1.2 2.1 4.4 -1.7 2.0 5.4 -.2 -.5 2.0 -1.9 3.6 7.1 1.3 .4 1.6 -1.4 138.0 3.2 5.8 129.5 1.4 I 121.2 113.5 •0 2.3 131.9 - 2 . 8 I 112.1 140.7 134.8 122.2 113.8 133.2 111.3 141.1 135.5 122.3 113.9 133.4 111.1 141.5 136.2 122.5 113.9 133.6 110.8 141.8 136.8 122.6 113.9 133.9 110.5 142.2 137.4 122.8 113.9 134.2 110.3 142.5 138.1 122.9 113.9 134.4 110.0 10 12 13 138 14 .1 1.3 2.3 -.6 .2 1.1 -.1 .5 2.4 -1.0 .8 2.6 1.6 j 2.3 -.4 -.1 .5 -.5 1.6 1.6 -1.6 -6.7 1.7 .8 -1.8 4.5 .0 -.9 1.0 -.6 1.2 -1.4 -.9 -2.2 1.9 -.3 1.0 1.1 -1.0 -4.2 1.9 .5 1.0 1.3 .0 -1.2 2.2 113.7 118.4 123.2 109.6 149.5 125.2 113.7 118.8 124.1 109.1 145.8 126.6 113.7 118.8 124.2 109.0 145.4 126.9 113.7 118.9 124.4 109.1 145.3 127.1 113.8 119.0 124.5 109.1 145.2 127.4 113.9 119.1 124.6 109.1 145.1 127.6 113.9 119.1 124.7 109.1 144.9 127.9 491,3pt 492,3pt 2.8 3.9 .3 6.1 7.8 2.3 1.5 2.3 -.5 .8 1.3 .2 1.2 1.0 .4 1.9 2.4 .5 2.1 2.6 .8 1.5 j 124.5 1.7 i 122.8 .5 I 131.4 126.1 124.7 132.0 126.3 124.9 132.0 126.5 125.1 132.1 126.6 125.2 132.1 126.8 125.4 132.2 126.9 125.6 132.3 Primary metals Iron and steel Raw steel Nonferrous Primary copper Primary aluminum Fabricated metal products Industrial machinery and equipment Electncal machinery Transportation equipment Motor vehicles and parts Autos and light trucks1 Aerospace and misc. Instruments Miscellaneous Nondurable Foods Textile mill products Apparel products Paper and products Pulp and paper Printing and publishing Mlninq MetaTmining Coal mining Oil and gas extraction Oil and gas well drilling Stone and earth minerals Utilities Electric Gas .1 I p. Preliminary estimate for current year. 1. Series begins in 1977. 9 190.3 192.2 415.3 427.1 221.6 224.3 Table 5A INDUSTRIAL PRODUCTION, CAPACITY AND UTILIZATION FOR TOTAL INDUSTRY: 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 1985 1986 1987 1988 1989 .4 .6 -.6 .1 .5 .9 -.7 1.2 .3 -.8 .3 -1.0 .4 .0 .9 .2 .8 .4 .6 .3 .2 -.2 .4 .1 -.6 -.2 -.3 .9 .0 -.2 -.4 .3 .6 .7 -1.0 .6 .3 .1 .5 .4 .6 -.1 -.1 -.4 -.2 -.9 .9 1.3 .3 -.5 .6 .5 .3 .7 .4 .7 .9 .6 .5 .5 3.0 2.0 4.3 3.1 3.8 2.8 -1.7 6.7 3.0 .5 .3 .7 5.6 3.8 -4.4 1.4 6.5 6.9 3.6 .0 1.6 1.1 4.6 4.4 1.8 1990 1991 1992 1993 1994 -.5 -.5 .0 .4 .3 .5 -.8 .7 .5 .5 .5 -.9 .8 .1 .7 -.6 .3 .7 .3 .4 .4 .8 .4 -.6 .6 .0 1.2 -.3 .2 .5 -.1 .1 .7 .3 .5 .2 .1 -.4 -.2 .0 .1 .9 .5 1.0 .1 -.5 -.1 .8 .3 .6 -1.3 -.1 .6 .5 .6 -.6 -.6 .1 .7 .9 1.9 -8.2 1.1 3.7 6.2 .8 1.3 6.7 .8 6.7 .9 6.3 2.2 1.7 4.4 -5.7 1.1 5.6 5.8 5.6 -.2 -2.0 3.2 3.4 5.0 1995 1996 1997 .3 -.4 .1 -.2 1.3 .5 .1 -.5 .4 -.3 .9 .3 .1 .4 .4 .2 .6 .0 .0 .8 .3 .4 .1 -.4 .2 .2 .8 .1 .4 3.9 1.6 4.4 -.7 6.2 3.2 3.3 .8 4.5 3.3 2.8 Industrial Production 1985 1986 ! 1987 I 1988 1989 86.9 89.6 90.2 95.8 99.7 87.6 88.9 91.2 96.1 98.9 87.8 88.0 91.5 96.2 99.8 88.0 88.7 91.9 96.7 100.1 88.2 88.5 92.3 96.8 99.5 88.0 88.2 93.1 96.8 99.3 87.6 88.5 93.7 97.4 98.3 88.1 88.7 93.8 98.0 98.7 88.6 88.7 93.7 97.6 98.5 87.9 89.5 94.9 97.9 98.1 88.4 89.9 95.2 98.6 98.5 89.0 90.7 95.8 99.1 98.9 87.4 88.8 91.0 96.0 99.5 88.0 88.5 92.5 96.8 99.6 88.1 88.6 93.7 97.7 98.5 88.4 90.0 95.3 98.5 98.5 88.0 89.0 93.1 97.3 99.0 1990 1991 1992 1993 1994 98.5 96.7 97.5 102.3 105.7 99.0 95.9 98.1 102.8 106.2 99.4 95.0 98.9 102.8 107.0 98.9 95.3 99.6 103.2 107.4 99.3 96.0 100.0 102.6 108.1 99.3 97.2 99.7 102.8 108.6 99.2 97.2 100.4 103.1 109.1 99.4 97.4 100.1 102.8 109.2 99.5 98.3 100.5 103.9 109.3 99.0 98.2 101.3 104.1 109.9 97.7 98.1 101.9 104.6 110.6 97.1 97.4 101.9 105.4 111.6 99.0 95.8 98.2 102.6 106.3 99.2 96.2 99.8 102.8 108.0 99.4 97.6 100.3 103.3 109.2 97.9 97.9 101.7 104.7 110.7 98.9 96.9 100.0 103.4 108.6 1995 1996 1997 111.9 112.4 117.8 111.6 113.8 118.4 111.7 113.2 118.8 111.4 114.3 119.2 111.5 114.8 119.7 111.7 115.5 111.7 115.5 112.6 115.8 113.0 116.0 112.5 116.2 112.7 117.2 112.8 117.7 111.8 113.1 118.3 111.6 114.8 112.4 115.8 112.7 117.0 112.1 115.2 Capacity 1985 1986 1987 1988 1989 108.7 112.2 113.9 115.3 j 116.8 109.0 112.3 114.0 115.5 117.0 109.2 112.5 114.1 115.6 117.2 109.5 112.7 114.3 115.7 117.4 109.8 112.8 114.4 115.8 117.6 110.1 113.0 114.5 115.9 117.8 110.4 113.1 114.6 116.0 118.0 110.7 113.3 114.7 116.2 118.2 111.0 113.4 114.8 116.3 118.4 111.3 113.5 115.0 116.4 118.6 111.6 113.7 115.1 116.5 118.8 111.9 113.8 115.2 116.7 119.0 109.0 112.3 114.0 115.5 117.0 109.8 112.8 114.4 115.8 117.6 110.7 113.3 114.7 116.2 118.2 111.6 113.7 115.1 116.5 118.8 110.3 113.0 114.6 116.0 117.9 1990 1991 1992 1993 1994 119.2 121.4 123.3 125.7 I 128.0 119.3 121.5 123.6 125.8 128.3 119.5 121.7 123.8 126.0 128.6 119.7 121.9 124.0 126.2 128.9 119.9 122.0 124.2 126.4 129.2 120.0 122.2 124.4 126.6 129.5 120.2 122.4 124.6 126.7 129.8 120.4 122.5 124.7 126.9 130.1 120.6 122.7 124.9 127.1 130.5 120.8 122.8 125.1 127.3 130.8 121.0 123.0 125.3 127.5 131.1 121.2 123.2 125.5 127.7 131.4 119.3 121.5 123.6 125.8 128.3 119.9 122.0 124.2 126.4 129.2 120.4 122.5 124.7 126.9 130.1 121.0 123.0 125.3 127.5 131.1 120.1 122.3 124.4 126.7 129.7 1995 1996 1997 131.8 136.3 141.3 132.1 136.7 141.8 132.5 137.1 142.2 132.8 137.5 142.6 133.2 137.9 143.1 133.6 138.4 134.0 138.8 134.3 139.2 134.7 139.6 135.1 140.0 135.5 140.5 135.9 140.9 132.1 136.7 141.8 133.2 137.9 134.3 139.2 135.5 140.5 133.8 138.6 79.9 79.8 79.1 83.1 85.3 80.4 79.2 80.0 83.3 84.5 80.4 78.2 80.2 83.2 85.1 80.3 78.7 80.5 83.6 85.2 80.3 78.4 80.7 83.6 84.6 79.9 78.1 81.3 83.5 84.3 79.4 78.2 81.8 84.0 83.3 79.6 78.3 81.7 84.3 83.5 79.9 78.2 81.6 84.0 83.2 79.0 78.8 82.6 84.1 82.7 79.2 79.1 82.7 84.6 82.9 79.5 79.7 83.1 85.0 83.2 80.2 79.1 79.8 83.2 85.0 80.2 78.4 80.8 83.6 84.7 79.6 78.2 81.7 84.1 83.3 79.2 79.2 82.8 84.6 82.9 79.8 78.7 81.3 83.9 84.0 1990 1991 1992 1993 1994 82.6 79.6 79.0 81.4 82.6 82.9 78.9 79.4 81.7 82.8 83.2 78.1 79.9 81.6 83.2 82.6 78.2 80.4 81.7 83.3 82.8 78.7 80.6 81.2 83.7 82.7 79.5 80.2 81.2 83.9 82.5 79.5 80.6 81.3 84.1 82.5 79.5 80.2 81.0 83.9 82.5 80.1 80.5 81.7 83.7 81.9 79.9 81.0 81.8 84.1 80.7 79.7 81.3 82.1 84.4 80.1 79.1 81.2 82.5 84.9 82.9 78.9 79.5 81.6 82.9 82.7 78.8 80.4 81.4 83.6 82.5 79.7 80.4 81.3 83.9 80.9 79.6 81.2 82.1 84.4 82.3 79.2 80.4 81.6 83.7 1995 1996 1997 84.9 82.4 83.3 84.5 83.2 83.5 84.3 82.6 83.6 83.9 83.1 83.6 83.7 83.2 83.7 83.6 83.5 83.4 83.2 83.8 83.2 83.9 83.1 83.3 83.0 83.2 83.4 83.0 83.5 84.6 82.8 83.5 83.7 83.3 83.7 83.2 83.2 83.3 83.8 83.1 Year Utilisation 1985 1986 1987 1988 1989 i 1. Quarterly pc ircent changes are at annual rates. Ann jal peroBnt changes are calculated from annual average>s. 10 Table 5B INDUSTRIAL PRODUCTION, CAPACITY AND UTILIZATION FOR MANUFACTURING: HISTORICAL DATA Seasonally adjusted 21 Annual Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. Q1 Q2 Q3 Industrial Production, Percent Change* 1986 1986 1987 1988 1989 .1 1.5 -.8 -.2 .9 .6 -.5 1.6 .4 -1.2 .7 -.9 .2 -.1 .8 .2 1.4 .5 1.0 .1 .5 -.1 .3 -.1 -.7 -.3 -.3 1.0 .0 .0 -.4 .3 .7 .7 -1.1 .9 .6 -.2 .3 .4 .4 .0 .1 .2 -.3 -.8 .8 1.3 .2 -.6 1.1 .4 .5 1.0 .4 -.1 1.2 .6 .6 .1 -2.1 4.5 5.0 2.4 4.3 4.2 1.7 7.0 4.1 -.7 1.1 1.7 5.5 3.7 -4.5 1990 1991 1992 1993 1994 -.2 -.9 .2 .8 .1 .9 -.7 .8 .3 .6 .3 -1.1 .9 .1 .9 -.8 .3 .6 .5 .7 .4 .7 .4 -.5 .7 -.1 1.4 -.1 .0 .2 .0 .2 .7 .3 .8 .3 .2 -.3 -.3 .1 .0 1.1 .4 1.1 .2 -.6 -.1 .7 .2 .7 -1.3 -.2 .6 .5 .7 -.6 -.5 -.1 .8 .9 2.9 -9.7 2.3 4.5 6.3 -.1 1.2 7.3 1.4 8.1 .8 7.8 2.8 1.2 5.0 -6.3 1.7 5.1 6.2 ! 6.7 -.5 -2.4 4.0 3.7 5.5 1996 1996 1997 .4 -.4 .1 -.4 1.3 .6 .1 -.8 .4 -.3 1.1 .2 -.1 .4 .5 .2 .7 -.1 .5 .7 .1 .7 .2 -.4 .2 -.1 .8 .1 .6 4.2 1.1 5.3 -1.4 6.0 2.6 5.0 1.0 4.3 3.5 2.7 Industrial Production 1986 1986 1987 1988 1989 84.4 87.9 89.6 95.4 100.3 84.9 87.4 91.0 95.8 99.1 85.4 86.6 91.2 95.7 99.9 85.6 87.8 91.6 96.7 100.0 86.0 87.7 91.9 96.6 99.4 85.7 87.5 92.8 96.6 99.4 85.4 87.7 93.4 97.2 98.3 86.1 88.2 93.3 97.5 98.7 86.4 88.2 93.4 97.7 98.4 85.7 88.9 94.6 97.9 97.9 86.7 89.3 95.0 98.9 98.2 86.6 90.3 95.6 99.4 98.3 84.9 87.3 90.6 95.7 99.8 85.8 87.7 92.1 96.6 99.6 86.0 88.0 93.4 97.5 98.5 86.3 89.5 95.1 98.7 98.1 85.7 88.1 92.8 97.1 99.0 1990 1991 1992 1993 1994 98.1 95.8 97.2 102.6 106.0 99.0 95.1 98.0 102.9 106.6 99.3 94.1 98.9 103.0 107.5 98.6 94.4 99.5 103.6 108.2 99.0 95.0 100.0 103.0 109.0 98.9 96.3 99.9 103.0 109.2 98.8 96.6 100.5 103.4 110.0 99.1 96.8 100.2 103.0 110.1 99.1 97.8 100.6 104.2 110.3 98.5 97.8 101.4 104.4 111.1 97.2 97.6 102.0 105.0 111.9 96.6 97.1 101.8 105.9 112.9 98.8 95.0 98.0 102.9 106.7 98.8 95.2 99.8 103.2 108.8 99.0 97.0 100.5 103.5 110.2 97.4 97.5 101.7 105.1 111.9 | 98.5 96.2 100.0 103.7 109.4 1996 1996 1997 113.3 113.4 119.3 112.9 114.8 120.1 113.1 113.9 120.5 112.7 115.2 120.8 112.6 115.7 121.4 112.9 116.4 112.7 117.0 113.4 117.2 114.2 117.4 113.8 117.6 113.6 118.5 113.8 119.2 113.1 114.0 120.0 112.7 115.8 113.4 117.2 113.7 118.4 113.2 116.3 Capacity 1985 1986 1987 1988 1989 107.0 111.0 113.2 115.1 117.0 107.3 111.2 113.4 115.3 117.3 107.6 111.4 113.6 115.4 117.5 108.0 111.6 113.8 115.5 117.8 108.3 111.7 113.9 115.7 118.0 108.7 111.9 114.1 115.8 118.3 109.0 112.1 114.2 116.0 118.5 109.3 112.3 114.4 116.1 118.7 109.7 112.5 114.6 116.3 119.0 110.0 112.7 114.7 116.5 119.2 110.4 112.9 114.9 116.6 119.5 110.7 113.0 115.0 116.8 119.7 107.3 111.2 113.4 115.3 117.3 108.3 111.7 113.9 115.7 118.0 109.3 112.3 114.4 116.1 118.7 110.4 112.9 114.9 116.6 119.5 108.8 112.0 114.1 115.9 118.4 1990 1991 1992 1993 1994 119.9 122.4 124.5 127.2 129.8 120.1 122.6 124.7 127.4 130.1 120.3 122.7 125.0 127.6 130.5 120.5 122.9 125.2 127.8 130.8 120.7 123.1 125.4 128.0 131.2 120.9 123.3 125.7 128.2 131.5 121.1 123.5 125.9 128.4 131.9 121.3 123.6 126.1 128.6 132.2 121.5 123.8 126.3 128.9 132.6 121.7 124.0 126.5 129.1 132.9 121.9 124.2 126.8 129.3 133.3 122.2 124.3 127.0 129.5 133.6 120.1 122.6 124.7 127.4 130.1 120.7 123.1 125.4 128.0 131.2 121.3 123.6 126.1 128.7 132.2 121.9 124.1 126.8 129.3 133.3 121.0 123.4 125.8 128.3 131.7 1995 1996 1997 134.0 139.1 144.9 134.4 139.6 145.3 134.8 140.1 145.8 135.2 140.5 146.3 135.6 141.0 146.8 136.0 141.5 136.5 142.0 136.9 142.5 137.3 142.9 137.8 143.4 138.2 143.9 138.7 134.4 144.4 J 139.6 145.3 135.6 141.0 136.9 142.5 138.2 143.9 136.3 141.7 78.9 79.1 79.1 82.9 85.7 79.1 78.6 80.2 83.1 84.5 79.3 77.8 80.3 82.9 85.0 79.2 78.7 80.6 83.7 84.9 79.4 78.5 80.7 83.5 84.2 78.9 78.1 81.4 83.4 84.1 78.3 78.2 81.8 83.8 83.0 78.8 78.6 81.5 84.0 83.1 78.8 78.4 81.5 84.0 82.7 77.9 78.9 82.5 84.1 82.1 78.5 79.1 82.8 84.8 82.2 78.2 I 79.1 79.9 83.1 85.1 82.2 78.5 79.9 83.0 85.1 79.2 78.5 80.9 83.5 84.4 78.6 78.4 81.6 83.9 82.9 78.2 79.3 32.8 84.7 82.1 78.8 78.7 81.3 83.8 83.6 1990 1991 1992 1993 1994 81.8 78.2 78.1 80.7 81.6 82.4 77.6 78.6 80.8 81.9 82.6 76.6 79.1 80.7 82.4 81.8 76.8 79.5 81.0 82.7 82.0 77.2 79.7 80.5 83.1 81.8 78.1 79.5 80.4 83.0 81.6 78.2 79.9 80.5 83.4 81.7 78.3 79.5 80.1 83.3 81.5 79.0 79.7 80.9 83.2 80.9 78.9 80.1 80.9 83.6 79.7 78.6 80.4 81.2 84.0 79.T 78.1 I 80.2 81.7 84.5 82.3 77.5 78.6 80.7 82.0 81.9 77.4 79.5 80.6 83.0 81.6 78.5 79.7 80.5 83.3 79.9 78.5 80.2 31.3 84.0 81.4 78.0 79.5 80.8 83.1 1995 1996 1997 84.6 81.5 82.4 84.0 82.2 82.6 83.9 81.3 82.7 83.4 82.0 82.6 83.0 82.0 82.7 83.0 82.3 82.6 82.4 82.9 82.3 83.2 82.1 82.6 82.0 82.2 82.4 82.0 82.5 84.2 81.7 82.5 83.1 82.1 82.9 82.3 82.3 82.3 83.1 82.1 Year Utilization 1985 1986 1987 1988 1989 11 1.6 6.7 7.6 5.2 -1.4 2.3 2.8 5.3 4.7 1.9 Table 6 INDUSTRIAL PRODUCTION: INDUSTRY SUBTOTALS AND INDIVIDUAL SERIES Index, f? 32 = 160 Item Metal mining Iron ore Nonferrous ores Copper sic 10 101 102-4,8,9! Coal mining Oil and aas 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 Frozen desserts Milk and misc. dairy products Canned and frozen food Grain mill products Bakery products Sugar and confectionery Fats and oils Beverages Beer and ale Soft drinks Coffee and miscellaneous Roasted coffee 1996 IP Proportion Seasonally adjusted nrssB Nov. Dec. 1997 Jan. Feb/ Notseasonittlv adjusted Mar/ Aor/ "T W Nov. Dec. 1997 Jan. Feb/ Mar/ Aor/ 102.2 103.0 102.3 107.3 102 I .42 .06 .36 .12 102.5 117.6 100.4 110.9 106.3 111.8 105.6 115.1 105.7 108.0 105.5 104.7 105.7 122.9 103.2 108.7 105.2 116.2 103.6 112.0 103.0 109.0 102.2 106.4 102.3 120.0 99.8 106.8 105.8 112.7 105.0 112.2 101.1 100.4 101.4 103.4 103.8 111.0 102.9 108.2 105.1 110.4 104.6 109.4 12 .87 108.8 109.5 106.4 109.6 105.5 106.2 108.7 106.1 105.6 114.0 112.6 105.9 13 131 100.2 96.1 ! 88.2 107.0 112.7 120.7 100.7 96.1 87.8 107.6 114.3 123.6 100.8 95.3 87.2 106.5 109.9 130.8 103.1 96.0 88.4 106.5 114.5 140.7 105.4 96.6 88.4 108.0 113.6 153.9 105.3 96.2 88.5 115.9 154.4 103.1 97.5 88.8 109.4 114.1 132.7 103.4 97.9 88.6 110.7 111.7 133.7 101.6 103.0 96.6 97.3 87.8 89.5 108.8 108.2 107.6 112.6 129.5 133.4 103.8 96.9 88.6 108.4 113.5 140.9 104.1 96.7 88.4 132 138 3.71 2.84 1.52 1.32 .22 .64 117.1 142.6 14 .60 120.2 122.9 117.2 125.0 129.5 124.9 121.5 100.4 83.7 89.3 105.0 123.8 20 201 9.37 1.26 202 2021 2022 2023 2024 2026 .27 .49 .02 .81 .01 .19 .14 .12 .34 107.6 108.2 109.3 109.0 I 107.8 108.1 94.8 95.4 121.6 120.5 99.8 95.8 99.3 100.7 86.3 81.6 106.7 110.0 93.3 90.7 92.0 99.5 101.8 102.1 108.2 113.5 113.6 98.3 125.1 89.5 99.6 76.3 109.4 84.9 102.7 101.5 108.4 114.0 113.0 101.0 125.5 91.2 101.1 76.8 111.1 88.5 104.9 101.7 109.2 114.7 114.2 103.5 124.4 90.4 99.9 75.1 108.5 87.9 101.9 101.7 108.1 112.1 111.4 96.1 125.2 92.5 99.3 80.5 108.1 87.5 98.7 101.6 107.7 108.8 104.3 101.9 118.4 99.1 91.3 78.1 107.2 77.8 72.2 97.7 105.0 106.0 101.9 99.8 114.7 98.3 96.0 89.2 111.0 93.4 71.2 99.2 103.2 111.9 111.5 97.9 122.4 90.4 95.3 95.5 105.3 87.6 78.2 100.6 102.7 112.4 109.5 99.7 124.6 97.9 101.5 94.7 112.4 92.6 95.8 102.9 103.8 110.4 105.0 101.4 122.4 104.9 104.3 85.2 112.8 96.7 104.4 104.6 104.4 113.4 109.5 101.0 126.6 92.7 106.8 93.7 109.3 104.8 108.2 106.6 104.6 108.4 107.9 108.3 107.5 110.2 101.1 133.0 104.1 108.0 92.9 112.4 109.6 115.8 99.8 110.1 98.2 131.3 104.0 101.2 86.8 107.9 109.3 119.1 94.1 96.4 106.5 105.0 98.6 96.0 113.5 108.1 103.5 104.7 103.2 101.3 102.2 98.0 105.1 102.9 105.6 102.4 112.3 111.1 97.8 107.1 95.4 106.7 101.5 108.6 97.8 105.4 96.9 98.6 95.4 111.4 105.6 98.0 82.1 109.1 101.1 .48 106.9 107.0 203 204 206 206 207 208 2082,3 2086,7 209 2095 1.30 1.03 .64 .24 1.74 .54 .98 1.05 .17 103.9 111.2 97.0 112.8 105.5 117.9 110.0 110.8 104.1 114.5 100.3 113.2 106.5 117.6 109.2 97.2 105.8 110.6 101.5 112.5 108.0 115.7 109.3 101.0 105.7 112.3 102.0 110.3 100.5 116.5 107.6 98.1 103.3 114.6 99.0 115.1 103.2 114.2 94.7 111.8 116.0 107.5 98.2 116.3 109.3 21 1.16 105.4 108.9 104.6 105.7 107.1 105.6 103.6 89.5 101.8 109.3 106.1 108.7 Textile mill products 22 Fabrics 221-4 Cotton and synthetic 221,2 224 Narrow fabrics Knit goods 226 Knit garments 2263,4,7-9 Fabric finishing 226 Carpeting 227 Yarns and miscellaneous 228,9 Cotton and synthetic yarns 2281,2,4 i 1.57 .39 .32 .04 .44 .32 .15 .18 .41 .19 108.2 106.1 108.4 109.9 107.1 108.8 101.8 109.1 113.7 112.0 106.3 102.7 104.4 107.1 107.4 109.6 90.3 106.2 115.3 111.8 106.3 105.5 107.3 112.8 109.7 112.9 92.2 95.9 114.1 110.0 106.9 108.3 106.8 102.6 109.0 103.3 113.1 116.1 111.1 112.1 112.3 113.5 99.8 95.3 92.3 116.8 111.9 111.2 104.1 100.0 107.0 103.2 95.3 96.2 96.6 108.7 95.9 99.1 80.2 83.9 105.1 90.4 100.8 106.2 107.7 111.8 91.2 92.7 93.9 91.9 112.7 107.3 105.5 106.9 108.1 110.4 103.8 105.3 101.8 90.9 113.9 108.6 107.1 104.9 104.7 114.8 105.5 106.1 94.7 111.5 114.1 104.8 111.4 107.5 96.2 112.5 103.4 105.7 105.7 108.6 112.0 104.1 103.2 103.1 97.0 112.4 106.7 Apparel products 23 1.80 97.3 97.2 96.2 95.8 96.3 95.9 97.8 96.9 93.1 93.9 95.5 94.3 24 241,2 241 243-5,9 243 2435,6 245 2.06 .79 .28 1.27 .65 .15 .23 113.1 108.0 104.8 99.0 94.7 93.2 119.4 114.8 I 112.8 110.8 101.1 92.8 159.8 146.2 108.6 100.6 94.6 114.6 109.2 91.5 156.3 112.0 102.3 93.8 119.2 113.0 101.1 163.5 113.2 104.7 93.0 119.6 114.0 100.1 160.9 113.9 111.1 103.4 102.0 95.4 95.4 121.8 118.0 114.7 ! 112.9 101.1 ! 98.8 168.0 156.9 102.4 92.8 90.6 109.6 108.7 84.9 123.2 104.1 109.6 96.9 101.8 87.9 89.1 109.6 115.6 103.6 106.8 88.8 100.6 137.3 155.9 111.3 101.7 86.1 118.5 110.4 100.1 163.0 114.2 102.2 86.5 123.2 113.8 102.0 176.2 Tobacco products Lumber and products Logging and lumber Logging Lumber products Miltwork and plywood Plywood Manufactured homes 1.30 I 107.3 108.5 108.7 108.1 109.7 108.2 116.7 114.5 117.1 1. The IP proportion data are estimates of the industries' relative contributions to overall IP growth in the following year. 12 115.7 114.5 111.3 114.7 115.5 109.5 Table 6 (continued) INDUSTRIAL PRODUCTION: INDUSTRY SUBTOTALS AND INDIVIDUAL SERIES I" Item SIC 1996 IP Proportion1 — " Index. 18§g = 100 Seasonally adjusted fl5§B Nov. Dec. 1997 | Not seasonally adjusted Jan. Feb/ Mar/ Aor/ m& Nov. Dec. 1997 Jan. Feb/ Mar/ Aor/ 110.7 114.7 109.5 112.6 110.0 111.8 25 251 1.30 .60 110.5 111.2 110.5 110.3 109.7 109.2 110.3 111.5 110.9 111.0 112.4 112.4 108.3 109.2 108.7 109.7 105.9 106.5 26 261-3 261 262 263 266,7 265 267 3.29 1.32 .09 .76 .46 1.97 .73 1.24 110.1 110.8 104.5 107.5 118.7 109.7 115.3 106.6 111.6 112.6 98.9 110.0 120.5 110.9 114.3 109.1 110.3 111.3 98.3 109.7 117.3 109.6 111.3 108.8 111.1 112.1 106.1 109.0 119.3 110.5 116.2 107.4 112.2 112.0 105.1 110.3 117.1 112.3 116.7 109.9 111.3 111.2 102.3 115.0 111.4 115.5 109.2 108.9 110.1 102.4 108.1 115.6 108.1 109.6 107.2 106.7 109.1 97.2 107.0 115.5 105.1 102.1 106.7 112.0 112.9 111.8 113.5 112.7 114.3 112.4 112.0 100.2 106.7 102.0 104.1 111.6 111.1 111.0 117.7 121.8 117.3 11.6.8 111.5 112.0 111.5 114.5 111.7 115.6 114.1 122.9 111.2 109.9 109.9 109.7 27 Printing and publishing Newspapers 271 Periodicals, books, and cards 272,3,7 Job printing 274-6,8,9 6.44 1.41 1.91 3.12 100.0 86.5 101.8 106.0 99.8 86.0 101.9 105.9 100.5 90.1 98.9 107.0 100.6 92.0 99.6 105.7 99.6 88.5 100.5 104.9 99.7 86.8 101.2 105.7 98.7 88.5 101.3 102.5 97.9 87.8 102.9 100.0 96.3 88.1 98.4 99.3 96.7 93.6 99.6 96.2 96.6 89.5 101.9 96.9 97.3 88.1 103.5 98.2 28 10.17 111.8 114.0 113.7 112.8 112.1 113.1 108.6 108.3 109.9 110.1 109.9 111.6 281,2,6 ! 281 2812 2816 2819 4.06 .80 .06 .09 .51 .35 105.6 87.8 114.9 ! 89.3 81.4 j 91.0 108.2 89.4 115.7 102.5 81.6 92.0 109.2 92.0 114.8 94.1 85.8 98.1 109.2 94.0 117.4 101.1 87.3 101.6 109.1 93.1 120.9 96.0 86.4 102.0 109.8 104.5 93.3 89.3 116.3 115.3 103.6 ! 87.1 85.8 83.6 101.0 | 95.4 104.9 87.3 117.3 98.4 79.6 87.8 107.8 110.1 89.8 94.8 114.2 117.3 93.8 101.5 83.0 88.0 92.9 104.6 109.6 91.1 119.3 94.7 83.7 95.6 112.5 93.7 114.7 110.0 85.5 99.7 282 2821 2823,4 286 1.42 .90 .38 1.84 119.9 123.9 110.3 105.0 124.1 126.7 114.6 107.0 123.9 126.7 117.3 107.9 121.5 127.1 108.7 108.5 121.7 127.2 108.8 108.7 123.6 118.6 122.2 109.4 102.8 116.9 118.9 108.8 105.7 121.3 123.7 114.2 107.8 124.2 129.6 111.2 108.4 123.8 130.0 107.7 109.4 129.2 117.3 108.9 283-5,9 283 284 285 287 5.50 3.05 1.36 .50 .61 117.3 122.9 105.7 124.6 103.3 119.1 124.8 106.6 124.2 105.8 118.2 123.3 107.0 122.7 103.3 116.4 122.5 103.5 122.7 103.1 115.1 121.3 102.5 122.2 102.7 116.5 122.3 103.8 122.3 103.2 111.8 116.9 101.4 112.5 105.6 111.0 117.3 100.9 96.2 105.6 111.8 110.3 114.7 113.5 104.0 100.4 108.1 120.5 104.0 104.0 110.5 113.7 100.9 123.2 103.4 111.1 114.0 98.5 131.1 106.3 29 Petroleum products Petroleum refining and misc. 291,9 Miscellaneous petroleum products Distillate fuel oil Residual fuel oil Aviation fuel and kerosene Automotive gasoline Paving and roofing materials 295 | 1.75 1.57 .32 .30 .05 .15 .75 .19 107.4 105.8 104.0 117.2 75.2 108.6 104.2 I 119.3 107.3 105.7 108.3 115.0 78.7 108.7 102.5 119.3 107.4 105.6 110.6 108.2 89.0 105.1 103.7 121.2 108.6 106.6 111.1 110.1 87.1 108.3 104.5 124.5 108.1 106.5 104.7 112.6 72.1 111.4 106.8 120.0 108.4 107.1 106.5! 114.1 | 74.2 114.5 105.9 118.1 109.6 107.1 96.2 123.3 79.8 110.9 107.5 129.4 107.6 106.3 93.1 119.7 84.4 116.0 107.1 116.1 99.8 99.7 88.8 104.9 89.6 111.1 101.2 97.8 101.9 105.4 101.8 104.7 99.6 104.6 109.6 113.0 71.6 73.0 105.7 108.2 101.5 103.6 100.0 108.6 Rubber and plasties products 30 Tires 301 Other rubber products 302,5,6 Plastics products, nee 308 3.78 .35 .62 2.81 121.7 120.8 114.9 123.6 122.6 115.4 115.8 125.2 121.1 115.4 115.8 123.2 123.1 121.0 115.0 125.3 124.1 129.8 113.2 126.0 123.4 123.3 113.7 125.8 121.7 114.8 112.4 124.9 121.8 97.5 111.4 127.5 119.7 123.3 119.4 132.5 108.4 114.7 122.6 124.2 31 314 .20 .09 77.3 79.5 80.1 81.2 78.3 79.6 77.6 80.1 78.6 80.7 76.8 79.3 79.0 81.0 80.3 81.3 Stone, clay, and glass products 32 Pressed and blown glass 322 Glass containers 3221 Cement 324 Structural clay products 325 Concrete ancf miscellaneous 326-9 2.12 .30 .13 .17 .10 1.26 111.8 94.9 77.8 109.9 121.1 114.5 111.3 93.3 73.4 105.4 121.0 114.8 112.7 96.7 79.1 112.7 125.6 115.0 112.5 94.5 75.5 119.6 128.8 115.0 113.1 93.6 72.5 123.5 129.3 115.0 114.3 94.7 72.8 112.0 92.8 73.4 108.4 119.4 115.9 106.8 83.1 56.0 80.6 110.5 114.9 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 Synthetic materials Plastics materials Synthetic fibers Industrial organic chemicals Chemical products Drugs and medicines Soap and toiletries Paints Agricultural chemicals leather and products Shoes 127.6 116.3 1. The IP proportion data are estimates of the industries' relative contributions to overall IP growth in the following year. 13 100.4 100.0 94.5 103.9 88.4 108.1 100.3 101.3 120.1 110.7 124.0 132.3 114.3 125.3 124.0 133.9 110.6 126.1 75.7 77.5 78.2 78.8 76.4 77.9 105.8 107.5 91.7 95.8 72.8 79.2 66.8 82.5 113.5 125.3 113.1 111.6 109.8 94.2 74.7 100.4 129.3 112.5 114.2 96.1 76.7 76.4 78.5 129.1 115.6 Table 6 (continued) INDUSTRIAL PRODUCTION: INDUSTRY SUBTOTALS AND INDIVIDUAL SERIES Item I 1996 l IP HTS§B 1 SIC Proportion Nov. Apr/ 3.52 1.88 1.46 .30 .17 .09 118.5 115.9 115.6 101.6 99.1 108.7 118.8 116.7 117.5 104.1 101.5 112.5 117.8 118.0 121.0 103.4 100.6 111.7 120.0 118.2 119.6 106.0 105.2 112.3 120.5 117.8 119.4 106.8 105.7 114.2 120.9 120.1 122.1 107.3 105.8 115.5 118.1 115.6 114.6 102.8 101.5 108.2 115.5 113.1 113.5 104.2 103.1 109.7 117.1 115.5 119.1 104.5 102.4 112.1 123.7 122.5 124.7 108.3 107.1 116.8 122.6 120.1 121.1 108.7 107.5 117.3 125.3 125.7 128.5 107.9 104.6 119.1 1.16 .19 .13 .14 .04 .66 .42 119.7 130.6 119.7 143.9 104.9 114.2 116.6 121.5 135.8 112.1 137.7 86.9 119.7 113.7 126.2 136.4 120.0 139.4 122.9 123.2 108.0 123.7 132.3 123.4 138.7 111.5 120.2 113.0 123.1 135.5 121.0 143.1 101.3 118.9 112.2 126.5 122.7 129.4 149.8 114.6 124.2 113.1 118.1 131.6 119.0 144.7 99.6 110.9 118.3 116.2 117.5 108.3 133.8 111.6 114.5 111.5 123.3 133.9 123.5 131.3 102.5 120.7 103.9 129.6 142.6 133.1 138.3 106.3 125.7 115.2 124.8 134.8 126.2 135.8 104.3 121.4 116.5 134.5 140.9 136.3 151.3 114.3 131.0 116.7 Nonferrous metals Primary nonferrous metals Copper Aluminum 333-6,9 333 3331 3334 I 1.64 .24 .08 .10 121.4 103.5 114.3 88.8 121.2 103.8 122.9 88.7 117.6 105.3 122.6 88.7 122.1 105.7 120.9 89.2 123.6 105.9 118.5 89.6 121.8 106.7 120.4 89.5 121.0 103.8 116.3 89.0 118.2 103.2 119.9 89.2 118.9 106.7 122.6 89.2 125.1 109.0 124.8 89.7 125.4 109.3 124.8 89.7 124.8 107.0 119.7 89.2 Nonferrous products Nonferrous mill products Aluminum Nonferrous foundries 335,6 335 335S-5 336 1.12 .84 .29 .28 122.5 118.8 102.7 134.7 122.5 118.2 104.7 136.9 118.0 113.1 89.3 134.3 124.3 120.8 103.8 136.1 125.9 122.8 111.4 136.2 122.4 117.9 100.1 137.7 121.2 116.8 94.0 136.1 118.7 112.1 90.8 140.7 120.5 115.9 94.9 135.6 126.9 123.8 109.8 137.2 127.0 124.0 112.0 137.2 126.2 122.7 112.4 137.8 Fabricated metal products 34 | Metal containers 341 Hardware, tools, and cutlery 342 Hardware and tools 3423,5,9 Structural metal products 344 Other fabricated metal products 346-9 Fasteners, stampings, etc. 345-7 5.28 .16 .54 .47 1.47 2.91 1.67 119.1 93.9 117.3 118.1 125.5 118.7 126.2 119.5 91.6 118.9 118.5 125.9 119.2 127.3 119.2 92.2 120.1 120.2 124.7 119.5 128.0 119.5 90.2 118.3 118.3 127.3 119.3 126.4 120.5 93.4 117.5 117.3 128.1 120.6 127.5 120.5 91.7 118.2 117.9 128.3 120.5 127.2 119.6 83.9 115.9 115.8 128.0 118.7 125.0 119.2 82.2 115.4 113.9 128.7 118.4 123.5 115.2 81.4 112.5 111.9 122.5 116.1 121.2 117.8 76.2 117.5 117.6 122.8 120.4 128.0 119.7 88.6 117.3 117.0 124.1 122.4 130.6 117.9 89.9 115.4 114.9 125.1 119.4 125.7 Industiialmachinery and equipment 35 Engines and turbines 351 Farm 352 Construction and allied 353 Metalworking 354 Special industry machinery 355 General industrial machinery 356 Bearings and gears 3562,6,8 Equipment 3561,3-5,7,9 Computer and office equip. 357 Service industry machines 358 Refrig. and heating equip. 3585 Miscellaneous machinery 359 9.51 .47 .45 .99 1.10 .84 1.10 .33 .77 2.45 .90 .64 1.20 161.7 117.9 125.5 153.9 126.8 129.5 114.4 ! 112.8 115.2 I 328.3 131.7 133.9 137.0 162.9 164.7 166.6 167.3 170.9 157.4 157.0 119.3 122.7 121.3 119.5 121.1 121.2 124.8 132.6 140.1 144.4 142.0 154.0 123.6 115.8 152.7 157.7 156.5 153.9 163.7 154.0 138.3 125.9 125.6 124.9 123.7 124.5 122.3 119.8 130.6 131.6 133.2 135.3 136.4 131.1 135.4 115.6 115.0 116.7 115.9 117.4 112.7 112.4 115.3 115.5 116.1 116.8 118.1 114.5 119.4 115.8 114.9 117.0 115.6 117.2 111.9 109.4 332.5 340.3 347.8 354.7 362.2 316.1 329.7 132.2 127.2 135.2 138.9 136.9 119.8 118.4 135.4 127.5 138.3 142.4 139.2 116.2 113.5 136.7 138.0 135.1 134.6 138.0 131.8 130.2 159.2 167.5 169.0 169.9 122.9 121.8 119.6 119.0 146.2 162.4 158.5 166.4 158.6 165.3 163.5 168.0 118.1 123.7 122.4 120.6 132.8 133.4 136.1 135.4 110.5 116.2 115.4 115.2 117.0 117.3 117.6 117.4 107.7 115.7 114.5 114.2 320.9 336.1 344.4 345.1 122.2 141.7 151.2 153.0 120.3 147.8 160.4 163.0 129.5 133.3 132.9 133.6 Electrical machinery Major electrical and parts Electric distribution equip. Household appliances Cooking equipment Refrigerators and freezers Laundry Miscellaneous Electrical housewares Appliances, nee 36 361,2 361 363 3631 3632 3633 3634,5,9 3634 3639 8.58 .95 .30 .51 .09 .10 .11 .21 .05 .09 167.2 113.2 104.6 126.8 122.3 i 129.0 142.2 121.8 104.9 134.4 168.8 112.0 104.8 128.9 130.0 127.5 145.7 122.4 101.9 135.6 166.2 107.6 98.0 119.1 112.6 115.6 133.0 117.8 96.5 131.8 Audio and video equipment Communication equ ipment Electronic components Semiconductors Misc. electrical supplies Storage batteries 365 366 367 3672-9 369 3691 .19 1.65 3.94 3.87 .69 .11 123.7 108.7 92.5 105.8 96.8 98.5 138.3 103.5 118.9 120.1 119.8 122.0 123.0 124.7 121.6 126.0 266.5 273.3 277.1 287.1 295.0 301.2 269.9 278.7 272.5 280.4 283.9 294.1 302.7 309.1 275.4 286.6 128.3 127.9 125.1 125.2 128.2 127.7 131.0 132.8 119.1 109.8 113.1 110.3 119.0 119.1 125.6 121.6 3714 3716 8.41 4.80 1.32 1.26 1.19 .71 .48 2.15 .06 109.5 128.9 111.7 143.1 144.3 152.4 137.6 133.2 120.2 109.6 127.9 104.8 151.9 153.7 164.9 143.0 131.8 101.2 111.9 132.0 108.6 154.0 156.4 167.0 146.5 137.1 107.7 111.5 129.6 110.6 153.5 155.5 165.0 147.1 130.3 113.9 111.9 128.9 111.5 152.4 153.8 163.8 144.7 129.1 102.3 372-6,9 372 373 374-6,9 3.62 2.30 .38 .94 ! 90.3 90.7 87.7 88.6 91.5 92.0 85.9 90.6 92.2 93.1 86.0 90.5 93.5 94.2 86.4 92.8 94.8 96.0 85.4 93.6 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 Transportation equipment Motor vehicles and parts Autos Trucks and truck trailers Trucks and buses Consumer trucks Business trucks Motor vehicle parts Motor homes Aerospace and miscellaneous transportation equipment Aircraft and parts Ships and boats Railroad and miscellaneous 33 331,2 331 _ Index. 1§§2 = 100 Seasonally adjusted ™ "~adjusted Slot seasonally 1997 f§§7 hrasir Dec. Jan. Feb/ Mar/ Aor/ Nov. Decr _ii£EL.- F e b / Mar/ 332 37 371 I 168.6 112.1 103.4 122.1 115.0 122.5 135.1 120.2 100.7 137.7 172.5 109.7 102.5 124.7 130.4 125.6 127.7 121.3 105.7 139.8 175.3 108.3 102.7 132.8 132.5 132.0 155.8 123.9 108.3 144.7 177.2 109.8 105.7 124.0 114.6 126.3 139.7 121.0 108.8 134.3 110.6 125.5 105.0 138.7 139.1 146.1 133.6 133.0 114.0 95.5! 97.5 85.2 92.4 168.7 109.6 100.9 125.9 128.8 115.7 146.2 120.5 115.2 133.8 170.0 107.6 99.6 114.8 112.2 92.1 130.0 119.6 105.5 132.2 175.1 105.8 99.5 133.9 131.8 133.3 155.0 126.2 102.9 146.8 175.9 107.0 100.0 130.1 117.9 138.4 155.9 120.9 103.4 140.7 86.8 100.8 95.9 90.4 120.6 121.7 123.0 124.2 275.3 287.4 296.8 300.1 282.4 294.6 304.9 308.0 123.6 123.7 125.2 124.8 97.4 103.0 104.7 101.7 108.9 127.8 113.2 143.2 144.8 150.5 136.8 130.2 100.8 99.0 103.4 84.9 118.9 119.0 125.4 110.2 108.6 79.6 110.1 127.6 102.6 146.1 148.4 154.1 140.5 136.0 101.4 117.6 142.1 125.1 170.2 172.9 180.1 162.8 139.3 120.3 117.1 138.9 117.6 159.8 161.2 170.0 148.9 143.1 114.8 118.2 140.4 122.7 161.2 162.6 167.2 156.1 141.2 139.1 90.2 90.3 87.3 89.5 93.3 94.2 88.2 91.4 92.6 93.9 85.6 90.4 93.7 95.0 84.3 92.4 95.7 97.4 85.5 93.7 96.4 98.5 86.2 93.3 1. The IP proportion data are estimates of the industries' relative contributions to overall IP growth in the following year. 14 172.3 106.9 100.1 133.5 135.6 134.4 146.2 126.8 100.0 151.1 Table 6 (continued) INDUSTRIAL PRODUCTION: INDUSTRY SUBTOTALS AND INDIVIDUAL SERIES 1996 IP SIC Proportion1 Item — 1956 Seasonally adjusted Index. 1553 = 100 I 1556 r NpYi Dec. v'flP- Feb/ Mar. Aor/ Nov. " Not seasonally adjusted 1997 Jan. JEsfcl .JtoL Aor.r Dec. 38 381-4 384 4.72 3.77 1.45 103.0 99.9 106.8 104.1 100.9 107.5 103.3 100.3 108.0 104.6 101.5 110.2 105.0 101.7 110.0 105.0 101.7 109.8 102.8 99.4 103.7 104.0 100.8 101.8 101.1 97.5 100.0 103.2 99.8 104.2 103.7 100.1 104.5 103.7 100.0 104.9 Misc. manufactures Consumer goods Business supplies 39 391,3,4,6 395,9 1.29 .62 .67 114.1 107.3 121.0 116.6 110.7 122.6 116.3 108.9 123.7 117.1 108.6 125.6 116.3 108.1 124.4 116.6 108.8 124.4 118.1 112.9 123.4 117.5 111.9 123.1 112.3 105.6 119.0 114.8 107.0 122.6 115.7 108.2 123.3 115.7 108.5 123.0 Electric utilities Generation Fossil fuel Hydro and nuclear 491,3pt 6.26 2.42 .91 1.51 112.7 111.1 111.5 111.6 112.6 111.3 106.9 115.0 113.2 112.8 110.8 115.0 110.9 111.1 104.7 116.2 110.3 111.5 107.0 115.3 112.2 112.9 104.4 104.9 105.1 105.4 112.9 112.6 104.8 118.3 120.4 111.5 118.8 114.7 112.2 103.7 123.8 122.7 106.3 108.0 98.0 115.2 100.3 103.4 3.84 1.64 2.21 1.32 .89 113.8 116.0 112.3 117.3 105.5 113.5 115.5 112.1 116.9 105.8 113.6 114.0 113.4 117.9 107.4 110.8 110.2 111.4 114.8 107.0 109.6 107.9 111.0 114.8 105.8 111.8 113.3 120.0 108.5 112.4 103.0 121.5 135.9 111.3 116.7 104.0 109.5 105.3 115.6 104.1 105.2 106.1 108.1 108.2 101.1 103.2 98.5 112.1 104.1 100.2 107.0 109.2 103.9 104.5 1.81 .80 .35 .48 120.9 121.2 124.2 116.3 112.7 109.3 118.3 111.2 110.9 107.7 113.6 110.4 107.6 101.6 109.1 110.1 108.4 112.9 124.3 127.4 131.1 117.9 165.7 188.1 177.7 139.2 197.1 232.6 209.5 158.4 171,6 196.3 185.9 142.5 154.8 112.3 Instruments Scientific and medical Medical instruments Sales Residential Nonresidential Commercial and other Industrial Gas utilities Residential Commercial and other Gas transmission 492,3pt 1. The IP proportion data are estimates of the industries' relative contributions to overall IP growth in the following year. Table 7 INDUSTRIAL PRODUCTION: GROSS VALUE OF PRODUCTS Billions of 1992 dollars at annual rates, seasonally ad lusted item 1992 1996 155S Q4 1556 Q2 Q1 Q3 Q4 1557r ! 1556 Q1 Dec. 1557 Jan. Feb/ Mar/ Apr/ MayP Products, total 2001.9 2261.9 2212.2 2221.1 2259.7 2274.1 2291.8 2315.1 2301.1 2302.9 2315.3 2327.1 2319.9 2328.4 Final products 1562.1 1766.0 1725.1 1733.5 1765.9 1776.0 1787.9 1809.3 1796.8 1798.4 1808.8 1820.7 1812.8 1819.3 Consumer goods Durable Automotive products Other durable goods Nondurable 1049.6 238.3 123.8 114.4 811.3 1166.0 302.7 157.6 145.1 863.9 1152.7 297.5 156.8 141.7 855.9 1152.7 291.2 149.9 141.4 861.7 1167.4 307.1 160.5 146.6 861.4 1166.7 309.3 163.2 146.1 858.5 1176.4 303.1 157.0 146.1 873.3 1179.9 310.3 164.1 146.2 870.4 1182.3 307.1 159.6 147.5 875.6 1176.3 305.8 163.0 142.9 870.9 Equipment, total Business and defense Business Defense and space 502.5 483.9 399.2 84.7 599.2 573.9 509.1 64.9 571.8 548.6 483.0 65.6 580.2 565.9 491.5 64.4 597.7 571.3 505.9 65.4 608.6 583.0 517.7 65.4 610.7 585.7 521.4 64.4 628.8 600.9 537.7 63.3 613.7 589.3 525.2 64.1 621.4 595.2 532.4 62.9 630.4 602.4 539.1 63.4 449.9 177.2 272.7 70.4 496.4 206.0 290.2 80.3 487.5 198.0 289.3 78.7 488.1 199.5 288.4 79.6 494.4 205.3 288.9 80.5 498.7 209.6 288.9 79.3 504.3 209.3 294.7 81.6 506.5 210.8 295.5 80.4 504.9 207.3 297.3 82.2 505.1 206.4 298.4 81.3 507.2 211.7 295.2 80.2 Intermedlateproducts Construction supplies Business supplies Commercial energy products 1177.7 1185.5 310.6 314.3 164.6 164.8 146.1 149.6 868.0 872.4 1174.6 302.5 155.2 147.3 872.2 1176.4 305.5 157.1 148.4 871.3 634.5 604.9 541.5 63.5 637.6 607.5 544.2 63.4 642.4 611.5 548.0 63.7 507.2 214.3 292.8 79.7 507.8 212.6 295.0 81.1 509.7 213.3 296.2 81.3 Table 8 DIFFUSION INDEXES OF INDUSTRIAL PRODUCTION Percent Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. 1995 1996 55.3 34.5 45.5 47.7 65.5 61.4 50.0 54.2 55.1 43.2 52.7 54.5 47.7 58.0 50.4 64.8 52.7 51.5 58.7 53.4 54.9 50.8 44.7 55.3 47.3 56.8 47.7 57.4 1995 1996 64.0 41.3 56.4 58.7 50.0 59.5 49.6 53.8 56.8 43.6 68.9 58.0 43.2 59.1 47.3 63.8 48.5 56.4 52.7 61.0 58.0 53.0 51.9 57.2 48.5 52.3 45.1 56.4 1995 1996 1997 62.1 47.3 56.1 62.9 49.6 61.0 64.4 49.6 61.7 54.9 54.2 59.1 51.1 59.5 44.3 67.0 44.3 63.6 46.2 60.6 51.1 61.0 47.3 60.2 50.8 60.2 53.0 58.0 Year One Month Earlier 1997 Three Months Earlier 1997 Six Months Earlier Note—The diffusion indexes are calculated as the percentage of series that increased over the indicated span (one, three, or six months) plus one-half the percentage that were unchanged. 15 Table 9 ELECTRIC POWER USE: MANUFACTURING AND MINING index. 1S S i U l u u Item Total 1992 5 Basgnall>/adjusted Billion "T5S5" 1§97 Jan. Feb/ Mar/ 1987 SIC 1 KWH Nov. Dec. 934.1 106.0 106.3 106.4 106.8 105.4 Notseasonatilv adjusted Aor.P 106.8 1996 Nov. 104.8 Dec. 104.6 Jan. 104.1 Feb/ 103.6 Mar/ 104.1 Apr.P 105.4 1997 MAJOR INPU3TRY QBOUPS Manufacturing Durable Nondurable Mining INDUSTRY GROUPS and SERIES Metal mining 10 101 Iron ore 102 Copper ore 854.0 365.8 488.3 80.1 106.3 104.7 107.6 101.0 106.5 104.4 108.2 104.0 106.5 104.8 108.0 104.3 107.0 105.9 107.8 104.4 105.6 104.3 106.6 102.6 107.1 106.6 107.5 102.7 105.0 103.4 106.3 101.7 104.4 102.3 106.1 106.6 103.8 101.9 105.4 107.3 103.6 103.6 103.6 103.8 104.2 104.3 104.2 102.1 105.6 105.4 105.8 103.2 18.6 | 111.0 7.3 115.2 6.6 113.9 115.4 113.7 123.7 113.8 119.0 115.1 117.4 129.7 115.7 121.4 135.7 119.0 114.4 124.4 113.9 113.0 119.6 114.1 118.2 118.6 124.8 116.5 119.1 119.6 113.3 121.2 114.2 117.4 129.9 113.8 114.4 125.7 112.6 12 12.7 96.9 100.6 98.3 95.2 91.8 97.7 98.9 107.1 109.4 108.6 100.4 100.6 Oil and gas extraction Crude oil and natural gas Natural gas liquids 13 131 132 36.0 31.0 3.6 92.7 91.1 94.9 94.1 93.7 93.2 95.7 96.2 86.8 96.2 97.8 75.0 93.2 93.3 86.5 94.7 94.4 92.1 90.6 89.6 92.8 96.1 95.5 95.6 99.0 99.3 89.6 93.5 95.2 71.5 92.1 92.5 83.6 94.1 94.1 90.6 Stone and earth minerals Crushed stone Sand and gravel Chemical and fertilizer materials 14 142 144 147 12.8 3.5 2.7 4.7 110.4 134.0 110.8 102.8 114.0 143.0 112.1 106.5 117.4 150.5 109.0 112.8 115.2 146.8 101.9 111.4 109.9 144.9 108.2 101.2 110.1 147.8 105.9 99.7 113.7 146.8 118.4 102.2 112.8 141.3 110.2 105.3 110.0 124.5 93.9 112.1 107.3 118.9 86.5 111.2 104.3 119.8 94.4 102.6 110.7 144.0 104.0 102.2 Foods Meat products Dairy products Canned and frozen food Grain mill products Bakery products Sugar and confectionery 20 201 202 203 204 206 206 207 208 209 58.8 10.3 6.8 8.1 11.4 3.5 4.0 3.9 6.1 4.7 114.2 123.9 106.8 113.5 123.1 109.1 105.2 108.5 102.1 117.6 115.3 124.3 107.4 113.7 123.6 109.5 113.8 110.0 101.9 119.5 115.5 124.8 109.4 111.3 125.4 111.1 115.3 111.0 99.9 118.0 115.4 123.3 109.0 115.4 122.3 111.5 117.9 111.8 100.9 116.9 114.0 121.6 105.6 114.6 122.8 108.6 115.6 111.5 100.1 114.8 115.1 124.6 105.0 115.7 123.4 109.2 115.1 108.3 101.1 118.8 114.2 121.1 101.5 113.9 126.3 106.1 124.5 112.0 97.3 116.0 111.5 118.9 100.9 105.8 120.8 103.2 132.6 117.5 93.4 114.9 110.3 118.4 102.8 99.9 122.9 103.5 128.3 120.8 90.7 110.9 107.5 113.2 99.4 102.4 120.0 101.3 122.6 114.9 89.1 107.4 106.6 112.9 98.8 103.7 119.8 100.3 107.3 111.7 91.0 106.4 108.3 117.4 101.2 104.2 121.0 102.6 97.6 106.4 94.7 110.6 21 1.5 105.1 98.8 102.1 92.0 93.5 96.0 101.9 93.2 91.7 92.2 90.6 92.4 Textile mill products Fabrics Knit goods Fabric finishing Yam and thread Miscellaneous textiles 22 221-4 226 226 228 229 31.5 11.8 4.1 2.5 8.3 3.4 108.6 101.1 101.7 122.5 113.2 119.3 109.1 99.5 104.3 126.8 116.4 120.5 109.6 102.4 107.5 122.9 112.6 120.8 110.8 103.7 107.0 124.4 114.2 120.4 107.3 100.8 108.1 120.3 111.0 114.5 109.1 101.6 111.7 123.6 108.7 122.6 104.7 97.4 96.6 121.9 108.8 116.1 100.8 91.7 94.5 123.3 106.6 112.9 93.3 87.0 88.4 113.7 94.1 105.7 104.4 97.8 100.4 122.6 107.0 113.5 102.8 96.4 101.1 121.5 106.1 110.6 106.3 98.8 106.3 123.1 105.9 120.9 Apparel products Men's outerwear Women's outerwear 23 231,2 233 8.2 103.6 2.0 I 97.0 99.9 2.5 100.3 92.7 98.2 100.5 93.2 98.0 99.1 93.5 91.3 99.6 90.9 95.7 101.3 92.7 97.0 97.2 88.5 92.4 91.9 82.4 88.7 87.4 77.3 85.8 92.4 84.3 84.4 91.9 81.5 86.8 93.2 84.6 88.6 Coal mining Beverages Coffee and miscellaneous Tobacco products Lumber and products Lumber Millwork and plywood 24 242 243 19.8 7.7 5.6 119.7 108.9 132.2 119.9 110.6 132.1 117.2 109.2 131.4 119.4 112.3 133.4 119.5 111.2 131.1 122.9 114.5 134.2 120.1 111.1 131.8 119.7 110.9 131.8 118.5 111.5 131.8 122.7 117.6 136.1 121.1 113.6 132.7 124.2 116.4 135.9 Furniture and fixtures Household furniture 25 251 6.0 3.2 114.5 113.0 114.6 112.1 113.6 111.0 115.1 113.4 114.4 111.3 118.8 116.0 112.2 111.0 112.7 111.5 109.4 108.3 116.1 116.6 113.7 112.9 116.5 115.3 Paper and products Wood pulp Paper Paperboard Paperboard containers Converted paper products 26 261 262 263 265 267 113.3 8.8 62.3 28.3 5.1 8.9 102.1 97.9 101.4 101.3 110.0 103.2 103.8 95.4 104.2 104.8 108.1 102.1 103.9 92.6 104.3 106.4 107.3 102.6 100.7 87.8 101.4 100.2 106.0 100.8 100.1 92.3 101.1 97.7 102.9 99.8 100.8 102.0 90.4 99.6 102.1 i 101.4 96.9 100.5 102.0 109.3 103.1 102.8 103.0 98.3 103.7 103.1 105.4 99.8 103.1 95.0 104.2 105.6 103.5 98.3 99.0 87.2 100.0 99.7 102.2 97.5 98.8 91.9 99.9 97.0 100.3 97.5 100.1 87.3 101.7 97.1 101.2 100.9 Printing and publishing Newspapers Commercial printing 27 271 275 17.3 3.6 9.2 113.8 102.7 113.4 112.7 106.3 113.1 113.4 105.4 113.6 112.4 104.7 113.4 110.5 102.3 110.8 112.7 103.1 113.9 110.1 99.2 109.8 107.0 102.7 106.5 105.8 100.6 105.4 102.8 96.7 103.3 102.2 94.6 102.7 105.0 96.5 106.0 171.7 78.9 14.9 38.3 14.0 24.3 ! 104.6 99.7 78.3 100.9 97.4 102.6 106.0 100.0 76.4 102.2 100.3 103.2 106.3 101.4 79.4 103.5 98.5 106.0 105.2 100.3 78.0 101.4 100.2 102.0 103.4 98.5 73.8 97.4 97.1 97.6 103.7 97.2 77.5 94.5 95.0 94.3 103.0 98.5 76.3 99.3 97.8 100.0 104.8 99.9 76.9 103.2 101.7 103.9 106.5 102.2 77.8 105.2 101.9 106.8 101.7 96.8 75.3 96.3 97.7 95.6 102.9 99.4 77.0 99.9 95.1 102.3 103.6 98.3 79.1 97.5 94.9 98.8 Chemicals and products 28 Basic chemicals 281 Alkalies and chlorine 2812 Inorganic chemicals, nee 2819 Acid and fertilizer materials Nuclear materials, nondef ense 16 Table 9 (continued) ELECTRIC POWER USE: MANUFACTURING AND MINING II _ Seasonally adjusted Jism 1992 Billion tg87.sic l KWH index. I mi=m press Nov. Dec. Jan. Feb/ Mar/ Aor.P press Nov. Not seasonally adjusted 1997 Dec. Jan. Feb/ Mar/ Aor.P Chemicals and Products (cont] Synthetic materials 282 Plastics materials 2821 283 Drugs and medicines 284 Soap and toiletries 286 Industrial organic chemicals 287 Agricultural chemicals 29.2 18.3 6.7 3.0 39.2 9.7 108.7 116.8 123.9 103.8 106.4 115.5 111.8 124.8 125.8 104.7 106.5 120.8 109.6 118.2 124.3 104.9 108.8 119.5 109.2 117.9 123.6 100.5 109.0 118.3 107.6 116.7 122.0 98.6 111.1 116.8 108.6 119.0 123.7 102.0 113.0 119.1 107.2 114.3 117.8 99.6 105.3 116.0 109.1 122.7 118.3 99.1 105.5 121.8 109.5 117.5 115.7 102.0 109.1 120.2 106.1 114.9 114.6 97.4 106.6 116.5 105.1 115.4 114.4 97.1 110.6 115.5 107.8 119.4 115.3 96.8 112.3 121.1 29 47.0 108.8 105.4 101.5 108.1 110.9 111.9 107.8 107.1 104.9 102.3 106.1 110.2 Rubber and plastics products Tires Rubber products, nee Plastics products, nee 30 301 306 308 38.0 4.3 3.2 28.9 123.4 102.7 111.4 129.5 123.9 99.6 111.8 130.7 124.1 95.9 112.1 132.0 124.5 101.7 110.9 131.3 121.8 100.7 108.0 128.2 124.5 102.6 110.2 131.4 122.7 102.4 108.7 129.0 118.9 92.8 107.8 126.1 114.7 90.4 104.9 121.3 123.0 100.1 110.9 129.6 122.4 100.1 109.3 129.1 123.4 101.8 107.0 130.5 Leather and products Shoes 31 314 1.0 .3 92.8 90.2 91.5 90.9 92.2 93.8 90.2 91.8 89.5 87.8 89.5 87.6 89.8 87.2 87.1 84.2 87.4 86.1 89.0 88.8 87.1 83.6 87.1 83.6 Stone, clay, & glass products Flat glass Pressed and blown glass Cement Structural clay products Concrete products 32 321 322 324 325 I 327 33.8 1.5 7.3 9.6 108.7 104.4 99.1 109.7 115.2 108.3 108.7 104.8 100.2 109.0 116.7 109.9 111.0 101.3 101.1 115.2 118.2 107.8 111.1 108.2 100.3 115.8 117.9 106.7 109.0 104.7 101.2 108.5 115.4 107.9 111.0 106.3 105.0 107.9 119.4 109.4 110.9 103.3 99.2 117.0 115.6 110.2 108.7 103.7 97.7 112.6 116.7 110.9 106.2* 97.4 97.7 105.1 113.8 105.0 103.9 104.4 99.1 95.1 113.2 101.8 104.4 104.0 100.3 95.5 113.8 104.3 108.9 104.4 103.6 102.9 118.6 108.2 95.0 103.4 120.0 80.5 68.2 125.0 94.9 106.0 116.3 79.3 65.5 118.2 94.0 105.1 110.6 78.8 64.3 117.5 97.8 110.8 115.8 80.8 69.1 119.6 96.5 109.6 113.9 79.7 65.4 115.7 94.5 97.3 111.1 103.1 117.6 I 121.8 79.0 78.8 65.7 66.8 118.9 126.5 94.7 104.7 114.1 80.6 66.6 117.0 95.1 107.4 106.4 80.4 66.0 113.7 96.0 111.1 118.1 76.2 63.5 121.0 98.8 113.6 118.2 80.2 66.2 118.1 98.5 113.0 121.2 79.0 65.7 120.0 Petroleum products Primary metals Basic steel and mill products Iron and steel foundries Aluminum Nonferrous foundries 1.4 4.7 33 ' 150.9 331 57.0 332 | 9.9 333 66.2 3334 60.3 336 2.7 I Fabricated metal products Metal containers Hardware, tools, and cutlery Structural metal products Fasteners Metal stampings 34 341 342 344 345 346 31.4 112.3 2.9 113.4 2.7 109.5 5.4 I 116.0 1.7 116.5 6.7 122.1 114.1 116.6 109.9 119.0 117.9 122.9 114.5 112.9 111.5 119.5 115.2 126.6 111.0 111.0 109.7 114.7 114.9 123.9 110.3 108.0 107.8 115.9 113.5 122.8 113.6 112.3 110.1 120.6 114.4 125.8 110.8 111.2 107.5 115.4 114.3 121.2 110.1 109.2 105.7 116.9 111.7 120.1 109.5 108.1 103.9 118.7 108.3 119.3 112.0 109.7 109.1 118.1 115.3 125.9 111.8 109.2 107.5 118.2 114.4 126.8 112.0 112.4 107.4 118.5 111.9 124.8 IndustrlalmacMnery and equipment Engines and turbines Farm Construction and allied Metalworking Special industry General industrial Computer and office equip. Service industry machines 35 351 352 353 354 355 356 357 358 33.2 2.6 2.0 3.8 4.1 107.7 97.0 129.0 109.3 115.0 106.4 95.4 122.8 110.1 113.7 106.6 92.7 115.7 114.4 113.8 107.0 94.3 112.9 113.3 113.1 104.5 92.0 119.2 109.5 111.1 107.4 95.0 123.3 112.2 113.0 104.6 96.7 124.0 108.6 111.0 102.0 91.6 119.5 106.1 108.2 100.4 89.6 119.9 107.5 107.0 105.6 94.3 121.7 112.0 112.1 103.3 92.7 127.1 108.0 110.0 104.3 95.1 127.5 107.7 109.6 5.2 5.1 3.5 105.4 89.9 114.2 105.8 84.8 115.7 105.0 87.1 109.9 108.4 87.0 113.8 104.6 84.7 110.4 107.5 87.4 113.2 102.4 86.6 111.1 100.1 84.2 107.5 98.4 82.2 100.1 107.2 84.2 109.5 103.6 82.3 107.5 104.8 83.4 110.1 Electrical machinery Electrical distribution Electrical industrial Household appliances Lighting and wiring products TV and radio sets Communicationequipment Electronic components 36 361 362 363 364 365 366 367 33.0 1.3 4.0 2.4 3.0 .8 3.3 14.5 119.5 88.7 87.8 102.8 113.4 130.8 116.6 137.6 118.9 88.7 86.3 102.4 112.3 133.3 114.7 137.7 119.6 87.3 86.2 104.7 111.9 140.3 115.2 137.4 117.1 86.4 84.6 101.7 112.8 135.3 118.4 134.7 115.6 86.4 82.9 95.5 109.8 130.9 114.4 134.4 119.7 88.8 83.3 j 103.6 111.2! 135.7! 116.4 139.2 116.3 85.6 85.1 98.1 110.8 129.9 111.5 134.0 114.9 84.3 83.3 92.5 107.6 129.8 111.3 134.0 112.6 82.8 83.1 97.3 104.6 133.4 107.0 129.7 112.8 84.4 82.3 98.5 111.9 131.0 110.7 128.6 112.6 83.7 81.2 93.5 109.3 128.5 109.0 130.5 115.7 84.0 82.4 99.7 109.1 129.3 111.6 134.8 Transportation equipment Motor vehicles and parts Aircraft and parts Ships and boats 37 371 i 372 373 39.6 22.8 10.7| 2.2 105.7 116.8 83.4 90.0 103.7 112.9 86.3 88.4 106.9 118.1 86.9 86.9 107.1 120.3 83.7 86.6 104.9 117.2 82.6 85.0 108.0 120.9 86.1 80.5 103.2 114.7 80.4 86.9 99.0 107.6 82.7 88.0 100.6 110.6 81.9 87.1 104.5 116.6 81.7 88.9 104.1 116.7 80.7 86.1 105.1 117.3 83.5 80.6 Instruments Photographic equip. & supplies 38 386 13.7 1.8 98.6 87.6 100.2 91.6 102.0 96.3 101.9 95.8 99.5 90.3 102.8 97.6 95.3 84.1 95.2 87.8 95.9 94.1 97.2 93.7 96.4 91.9 97.2 90.7 4.5 129.6 132.0 130.3 130.6 126.3 130.9 125.0 124.8 121.3 127.3 123.2 125.8 909.8 835.3 98.8 106.1 106.2 99.3 106.5 106.7 98.9 106.4 106.7 97.0 107.0 107.5 99.3 105.7 105.7 99.1 107.4 107.1 101.1 105.0 105.2 98.9 104.6 104.6 103.8 104.0 104.1 103.8 104.0 104.2 95.3 104.2 104.3 100.6 105.7 105.9 99.1 Miscellaneous manufactures 39] SUPPLEMENTARY 3R0UPS Total, excluding nuclear nondefense Utility sales to industry Industrial generation 17 Explanatory Note The statistical release of Industrial Production and Capacity Utilization reports measures of output, capacity, and capacity utilization in manufacturing, mining, and the electric and gas utilities industries. The release also includes monthly indexes on the use of electric power in manufacturing and mining. Data in the release and historical data are available under statistical releases at http://www.bog.frb.fed.us, the Board's World Wide Web site. These data are also 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; the reference period for the index is 1992. For the period since 1992, the total IP index has been constructed from 264 individual series based on the 1987 Standard Industrial Classification (SIC). These individual series are classified in two ways: (1) market groups (shown in table 1), such as consumer goods, equipment, intermediate products, and materials; and (2) industry groups (shown in tables 2 and 6), such as two-digit SIC industries and major aggregates of these industries—for example, durable and nondurable manufacturing, mining, and utilities. Market groups. For purposes of analysis, the individual IP series are grouped into final products, intermediate products, and materials. Final products are assumed to be purchased by consumers, businesses, or government for final use. Intermediate products are expected to become inputs in nonindustrial sectors, such as construction, agriculture, and services. Materials are industrial output requiring further processing within the industrial sector. Total products comprise final and intermediate products, and final products are divided into consumer goods and equipment. Timing. The first estimate of output for a month is published around the 15th of the following month. The estimate is preliminary (denoted by the superscript "p" in tables) and subject to revision in each of the subsequent three months as new source data become available. (Revised estimates are denoted by the superscript "r" in tables.) After the fourth month, indexes are not revised further until the time of an annual revision or a benchmark revision. The last three benchmark revisions were published in 1990,1985, and 1976. Source data. In annual or benchmark revisions, the individual IP indexes are constructed from a variety of source data, such as the quinquennial Censuses of Manufactures and Mineral Industries and the Annual Survey of Manufactures, prepared by the Bureau of the Census; the Minerals Yearbook, prepared by the Department of the Interior; and publications of the Department of Energy. On a monthly basis, the individual indexes of industrial production are constructed from two main types of source data: (1) output measured in physical units and (2) data on inputs to the production process, from which output is inferred. Data on physical products, such as tons of steel or barrels of oil, are obtained from private trade associations as well as from government agencies including those listed above; data of this type are used to estimate monthly IP where possible and appropriate. When suitable data on physical product are unavailable, estimates of output are based on either production-worker hours or electric power use by industry. Data on hours worked by production workers are collected in the monthly establishment survey conducted by the Bureau of Labor Statistics. The data on electric power use are described below. The factors used to convert inputs into estimates of production are based on historical relationships between the inputs and the comprehensive data used to benchmark the IP indexes; these factors also may be influenced by technological or cyclical developments. Especially for the first and second estimates for a given month, the available source data are limited and subject to revision. Weights. In the index, series that measure the output of an individual industry are weighted according to their proportion in the total value-added output of all industries. The industrial production index, which extends back to 1919, is built as an annually weighted chain-type index since 1977. The components of IP are combined using estimates of value added per unit of output For months from January to June, the weights are drawn from the year containing the month being estimated and the preceding year; for months from July to December, the weights are drawn from the current and following year. The IP proportions shown in column 1 of tables 1 A, 2A, and 6 are estimates of the industries' relative contributions to overall growth in the following year. For example, a 1 percent increase in durable goods manufacturing in 1997 would account for an increase in total IP of nearly 1/2 percent. from the first to the fourth estimates was 0.21 percentage point during the 1987-96 period. In most cases (about 81 percent), the direction of change in output indicated by the first estimate for a given month is the same as that shown by the fourth estimate. Rounding. The published percent changes are calculated from unrounded indexes, and may not be the same as percent changes calculated from the rounded indexes shown in the release. Capacity Utilization Definition. Capacity utilization is calculated for the manufacturing, mining, and electric and gas utilities industries. For a given industry, the utilization rate is equal to an output index divided by a capacity index. Output is measured by seasonally adjusted indexes of industrial production. The capacity indexes attempt to capture the concept of sustainable practical capacity, which is defined as the greatest level of output that a plant can maintain within the framework of a realistic work schedule, taking account of normal downtime, and assuming sufficient availability of inputs to operate the machinery and equipment in place. The 76 individual capacity indexes are based on a variety of data, including capacity data measured in physical units compiled by trade associations, surveys of utilization rates and investment, and estimates of growth of the capital input. Groups. Estimates of capacity and utilization are available for a variety of groups, including primary and advanced processing industries within manufacturing, durable and nondurable manufacturing, total manufacturing, mining, utilities, and total industry. Component industries of the primary and advanced processing groups within manufacturing are listed in the note on tables 2 and 3 of the release. Weights. Although each utilization rate is the result of dividing an IP series by a corresponding capacity index, aggregate utilization rates are equivalent to combinations of individual utilization rates aggregated with proportions that reflect current capacity levels of output valued in current-period value added per unit of actual output. The implied proportions of individual industry operating rates in the rate for total industry for the most recent year are shown in the first column of table 3. Perspective. The historical highs and lows in capacity utilization shown in the tables above are specific to each series and did not all occur in the same month. Industrial plants usually operate at capacity utilization rates that are well below 100 percent: none of the broad aggregates has ever reached 100 percent. For total industry and total manufacturing, utilization rates have exceeded 90 percent only in wartime. ElectricPower Data on electric power (expressed in kilowatt hours) are collected by the Federal Reserve District Banks from electric utilities and also from manufacturing and mining establishments that generate electric power for their own use (cogenerators). The indexes of power use shown in table 9 are sums of kilowatt hours used by an industry or industry group expressed as a percentage of that industry's or group's usage in 1992. The first column of the table shows, for reference, electric power use in billions of kilowatt hours as reported by manufacturing and mining industries in the 1992 censuses of those industries. The supplementary group, "Total, less nuclear nondefense," is shown separately because the value-added proportion for the nondefense nuclear material series (part of SIC 2819) in total IP is considerably smaller than its share of total electric power use. Excluding this component from total power use facilitates comparisons with total IP. References The annual revision published in January, including a description of the aggregation methods for industrial production and capacity utilization, is described in the Federal Reserve Bulletin, vol 83 (February 1997), pp. 67-92. In addition, the most recent revision to the electric power use data is discussed in that article. Industrial Production—1986 Edition contains a more detailed description of the other methods used to compile the industrial production index, plus a history of its development, a glossary of terms, and a bibliography. To obtain Industrial Production—1986 Edition ($9.00 per copy), write to Board of Governors of the Federal Reserve System, Publications Services, Washington, DC 20551. The major revisions to the IP indexes and capacity utilization since 1990 have been described in the Federal Reserve Bulletin (April 1990, June 1990, June 1993, March 1994, January 1995, and January 1996). The basic methodology used to estimate capacity and utilization is discussed in the June 1990 Federal Reserve Bulletin. Seasonaladjustment. Individual series are seasonally adjusted by the X-l1ARIMA method, developed at Statistics Canada. For series based on production-worker hours, the current seasonal factors were estimated with data through October 1996; for other series, the factors were estimated with data through at least June 1996. In some cases, series were preadjusted for the effects of holidays or the business cycle before using X - l l ARIMA. For the data since 1977, all seasonally adjusted aggregate indexes are calculated by aggregating the seasonally adjusted indexes of the individual series. Release Schedule for 1997 Reliability. The average revision to the level of the total IP index, without regard to sign, between the first and the fourth estimates was 0.28 percent during the 1987-96 period. The average revision to the percent change in total IP, without regard to sign, At 9:15 a.m. on January 17, February 14, March 14, April 16, May 15, June 17, July 16, August 14, September 16, October 17, November 17, and December 15. 18