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of Gow.* *.

FEDERAL RESERVE statistical release
'^TRES**'

For release at 9:15 a.m. (EDT)
April 14,1995

G.17(419)
INDUSTRIAL PRODUCTION AND CAPACITY UTILIZATION

Industrial production fell 0.3 percent in March, and the cumulative gain during January and February was
0.3 percent less than previously estimated. The March decline is the first contraction in monthly production since the
strike-affected decline of last September and the second since May 1993. Much of the decrease in overall production
reflected a 2.6 percent drop at utilities, which reversed a similarly sized gain in February. Also, manufacturing output
edged down 0.1 percent in March, and mining output fell 0.5 percent. At 121.9 percent of its 1987 average, industrial
production was slightly above its level in December and was 4.5 percent higher than it wa£ a year ago. Capacity
utilization contracted 0.5 percentage point, to 84.9 percent, a level equal to the high achieved during the 1988-89 period.
Market Groups
The overall output of consumer goods decreased 0.8 percent. However, the output of consumer durable
goods declined 1.9 percent, largely because of a drop in the production of consumer light trucks and further weakness in
(over)

INDUSTRIAL PRODUCTION AND CAPACITY UTILIZATION: SUMMARY
Seasonally adjusted
Index. 1987=100
1994
1995
1994
Industrial Production
Dec/
Jan.r
Feb/
Mar.P
Dec/

Percent chanae
1995
Jan/
Feb/

Mar.P

Mar. 94 to
Mar. 95

Total index
Previous estimates

121.7
121.7

122.2
122.0

122.3
122.6

121.9

1.1
1.1

.4
.2

.1
.5

-.3

4.5

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

118.7
115.5
152.6
111.6
126.3

119.3
116.1
153.7
112.1
126.6

119.3
116.1
154.1
111.4
126.9

118.8
115.2
154.6
111.5
126.7

1.0
1.5
1.0
1.7
1.4

.5
.5
.7
.5
.3

.0
.0
.3
-.7
.2

-.4
-.8
.3
.1
-.2

3.6
2.0
8.4
8.1
5.9

Major industry groups:
Manufacturing
Durable
Nondurable
Mining
Utilities

124.2
131.2
116.4
100.1
115.2

124.7
131.8
116.8
99.8
116.0

124.5
131.7
116.6
100.3
118.9

124.4
131.6
116.4
99.8
115.9

1.3
1.6
.9
1.9
-1.1

.4
.5
.4
-.3
.7

-.1
-.1
-.2
.5
2.5

-.1
-.1
-.1
-.5
-2.6

5.4
7.1
3.5
-.8
-1.7

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



Average
1967-94

1982
Low

Percent of Capacity
1994
1988-89
1994
High
Mar.
Dec/

1995
Jan/

Feb/

Capacity
growth
Mar. 94 to
Mar. 95
Mar.P

82.0

71.8

84.9

83.7

85.5
85.5

85.6
85.5

85.4
85.7

84.9

3.0

81.3
80.7
82.5
87.4
86.7

70.0
71.4
66.8
80.6
76.2

85.2
83.5
89.0
86.5
92.6

82.9
81.3
86.8
90.2
87.5

85.2
83.0
90.8
89.8
84.7

85.3
83.3
90.3
89.6
85.3

84.9
83.0
89.7
90.0
87.3

84.5
82.6
89.5
89.5
85.0

3.4
3.8
2.3
-.1
1.3

the production of household furniture and various household appliances. The production of consumer nondurables
dipped 0.5 percent; a large cutback in the residential sales of energy by electric and gas utilities and smaller decreases in
the production of food, clothing, and paper products more than offset increases in the output of gasoline and distillate fuel
oil.
The production of business equipment grew 0.3 percent for a second consecutive month, a noticeable
slowing from last year's average monthly pace. The strong gain of 1.3 percent in the output of information processing
equipment was largely offset by notable declines in the production of transit equipment and farm equipment. The output
of commercial aircraft continued to slide, but most of the decrease in transit equipment was in truck production. The
production of defense and space equipment also continued to decline and is now 8.1 percent below its March 1994 level.
Among intermediate products, construction supplies changed little, while business supplies slipped 0.3 percent.
The production index for materials dipped 0.2 percent, as a decline of 1.1 percent in the output of energy
materials more than offset an increase of 0.2 percent in the output of nondurable goods materials. The production of
durable goods materials was unchanged. Decreases in coal production and electricity generation account for much of the
contraction in the output of energy materials.
Industry Groups
Factory output is estimated to have decreased slightly in both February and March; it had gained an average
of 3/4 percent per month during the October-January period. The output of nondurables manufacturers edged down: The
production of petroleum products increased noticeably, while the production of apparel and rubber and plastics were
sharply down. Instruments and stone, clay, and glass products were the only major industries in durable manufacturing to
advance appreciably; furniture and fixtures, motor vehicles and parts, and miscellaneous manufactures decreased notably.
Reflecting the recent weakness in output, the factory operating rate declined to 84.5 percent of capacity; the
most recent peaks were 85.3 percent in January 1995 and 85.2 percent in 1988-89. The utilization rate in the
primary-processing industries edged down to 89.5 percent (the most recent peaks were 90.8 percent in December 1994
and 89.0 percent in 1988-89). The utilization rate for advanced-processing industries slipped back to 82.6 percent; this
rate is 0.7 percentage point below its January 1995 peak and 0.9 percentage point below its January 1989 peak.
The output of utilities, which had rebounded strongly in January and February from unusually mild
temperatures in December, gave back in March all of its February gain. The operating rate at utilities fell to 85.0 percent
after having reached 87.3 percent in February. Operating rates at mines declined to 89.5 percent, with coal mining and oil
and gas drilling decreasing noticeably.




2

INDUSTRIAL PRODUCTION AND CAPACITY UTILIZATION
Seasonally adjusted

March data
Industrial production indexes
Twelve-month percent change

Twelve-month percent change

Manufacturing
Total industry

H

-5 \-

-10

-5

-10
Durable
manufacturing

10

-*
Nondurable
manufacturing

H

5

-I

o
-5
•10

1990

1994

1992

1990




1994

Manufacturing

Total industry
Ratio scale, 1987 production = 100

1985

1992

Ratio scale, 1987 production = 100

1990

1995

3

1985

1990

1995

Table 1A
INDUSTRIAL PRODUCTION: MARKET GROUPS
ndex,
1

Item

1992
Value
Index J
added 1
...i

1994
Oct.

Seasonally Adjusted
1995
Jan. r
Dec/
Feb/
Nov.

1987=100

Mar.P

1994
Oct.

Not seasonally adjusted
1995
Nov.
Dec/
Jan/
Feb/

Mar.P

100.0

107.6

119.5

120.3

121.7

122.2

122.3

121.9

121.3

119.5

119.3

120.0

121.3

121.3

60.9
46.6

106.5
109.0

116.9
119.2

117.5
119.8

118.7
121.2

119.3
121.9

119.3
122.0

118.8
121.4

119.5
122.1

116.4
118.8

115.6
118.1

116.3
119.1

117.5
120.7

117.6
120.6

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

28.5
5.5
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

105.9
102.6
S9.9
95.1
77.5
125 8
107.8
105.0
111.5
97.3
106.2
106.9
105.6
96.4
120.2
101.7
108.2
1046
109.8

113.0
119.4
124.5
122.3
92.9
175.5
126.6
115.2
124.9
107.4
114.9
111.5
112.2
96.2
127.2
103.6
109.8
103.9
112.2

113.9
120.5
127.1
126.5
94.0
185.8
125.7
115.0
126.9
105.9
114.5
112.4
112.4
96,2
130.5
104.6
110.6
109.8
110.7

115.5
123.4
131.1
131.4
100.5
187.3
127.8
116.8
131.5
108.0
114.9
113.7
114.3
96.8
134.0
104.3
109.6
107.4
110.3

116.1
124.2
131.6
132.7
103.6
184.6
126.5
117.9
130.4
110.2
116.4
114.2
114.8
96.2
138.5
103.4
109.7
107.4
110.5

116.1
123.7
133.2
134.8
103.6
191.0
127.1
115.6
124.7
107.9
115.6
114.4
115.1
94.8
135.0
103.8
112.6
108.8
114.1

115.2
121.3
130.7
131.4
103.1
181.7
126.7
113.3
120.1
106.3
113.9
113.8
114.7
94.1
135.2
103.4
110,2
113.8
108.5

116.0
128.3
138.5
140.4
106.1
202.5
131.8
119.5
130.6
110.6
119.3
113.1
119.1
98.8
129.7
101.6
93.9
105.6
88.7

112.4
120.2
125.2
125.2
94.0
181.8
122.6
116.0
120.4
106.5
119.3
110.6
111.8
95.5
126.2
103.5
106.2
112.9
103.1

111.6
113.9
115.5
111.9
88.1
154.3
120.7
112.5
114.4
103.8
116.5
111.1
106.2
93.4
126.9
104.8
130.4
112.1
138.1

114.2
116.9
122.0
120.3
93.6
168.0
123.2
112.6
125.9
101.9
112.6
113.7
109.6
89.8
125.9
103.0
144,8
105.2
161.7

115.2
125.5
137.2
141.1
109.5
197.6
126.3
115.5
130.6
107.6
112.3
112.8
110.1
92,3
124.8
104.7
133.3
103.3
146.1

114.4
126.2
139,4
143.4
110.9
201.5
128,1
115,0
129.4
106.7
113.0
111.5
110.4
92.4
127.5
105.3
118.2
107.5
122.6

Equipment, total
Business equipment
Information processing & related
Computer and office
Industrial
Transit
Autos and trucks
Other
Defense a n d s p a c e e q u i p m e n t
Oil and gas well drilling
Manufactured homes

18.1
14.0
5.7
1.5
4.0
2.6
1.2
1.7
3.4
.5
.2

113.4
124.1
138.6
172.8
105.6
138.4
117.0
104.0
88.5
79.9
94.6

128.8
150.9
183.2
300.5
124.4
137.1
149.2
134.3
68.7
88.3
142.0

128.9
151.0
184.2
305.7
124.1
137.5
151.6
133.1
69,0
86.0
143.1

130.1
152.6
188.3
311.9
124.1
137.8
152.6
133.1
68.7
86.0
153.6

130.8
153.7
188.6
317.5
125.8
139.7
157.2
133.9
88.6
86.7
153.6

131.0
154.1
189.1
324.8
126.4
140.8
158.5
132.8
67.9
89.1
147.4

131.1
154.6
191.6
331.3
126.5
138.8
155.4
132.0
67,8
85.7
144.5

131.6
154.0
186.4
310.9
125.1
147.3
166.2
134.2
69.0
97.3
156.7

128.8
149.9
182.7
295.5
123.3
137.4
148.8
130.5
69.8
98.7
138.8

128.4
149.3
185.9
299.7
123.3
128.9
132.4
128.9
70.6
96.9
125.7

126.7
147.7
181.2
298.9
121.5
133.0
144.9
128.5
69.3
89.1
137.1

129.3
152.0
183.4
312.3
124.4
145,3
168,3
131,7
68,2
84.7
142.6

130.4
153.9
187.9
324.3
125.3
145.4
169.7
131.5
67.9
79.5
145.5

14.3
5-3
y.u

98.8
95.0
101.3

109.9
109.7
110.1

110.6
109.8
111.3

110.9
111.6
110.7

111.2
112.1
110.8

111.1
111.4
111.1

110.9
111.5
110.7

111.6
112.9
111.0

109.1
108.5
109.6

108.0
105.8
109.6

107.5
104.7
109.4

107.5
106,4
108.4

108.2
108.7
108.1

39.1

109.2

123.4

124.6

126.3

126.6

126.9

126.7

123.9

124.4

125.0

125.9

127.3

127.1

20.6
3.9
7.5
9.1
3.0
8.9
1.1
1.8
4.0
2.0
9.6
6.3
3.3

111.8
107.1
118.3
108.6
110.0
110.2
100,7
111.0
112.7
110.2
103,7
100.5
110.1

134.2
133.8
149.0
122.7
121.3
120.3
106.9
120.5
124.6
119.5
105.2
100.3
115.1

136.0
135.8
150.7
124.8
123.2
121.5
110.3
122.1
125.9
119.3
104.9
100.7
113.4

138.6
139.7
152.3
127,3
126,0
122,8
108.7
121.3
127.5
123.4
105.3
101.7
112.3

139.3
139.8
153,7
127.8
126.1
122.6
109.8
120.8
128.2
120.9
105.4
101.7
112.9

139.1
139.7
155.0
126.5
124.5
122.9
109.0
122.0
129.2
119.8
106.5
102.5
114.5

139.1
138.3
156,0
126.3
124.4
123.2
109.6
122.2
129,4
120.2
105.3
101.5
113.0

135.6
136.4
148.8
124.8
121.4
122.5
109.5
120.8
125.0
126.7
102.4
98.1
110.8

136.4
137.6
151.5
124.0
121.9
121.1
108.3
122.8
126.0
117.8
104.0
100.5
111.1

137.6
137.9
154.9
123.8
122.6
117.2
99.1
117.3
124.5
113.4
107.2
102.8
115.8

136.1
135.7
153.3
122.8
124.1
121.7
109.6
123.4
125.9
119.3
109,7
104.8
119.3

138.3
139.2
154.6
125.1
126,8
123,5
110.5
124.8
130.0
117.6
109,2
105.6
116,4

139.5
139.9
156.5
126.0
126.9
124.2
111.8
123.0
130.2
120.8
105.6
101.8
113.0

97.2
95.2
98.3

107.7
107.6
106.0

119.1
118.5
116.6

119.8
119.2
117.4

121.1
120.5
118.7

121.6
120.9
119.1

121.6
121.0
119.1

121.3
120.7
118.7

120.4
119.9
118.3

119.1
118.5
116.7

119.3
118.6
116.4

119,7
119.1
117.1

120.4
119,7
118.3

120,3
119,7
118,2

26.9
25.6

106.7
105.7

112.4
113.3

113.1
114.2

114.5
116.2

115.0
116.8

114.9
116.5

114.1
115.7

114.4
118.5

111.5
113.1

111.6
109.5

113.8
110.8

113.5
113.2

112.4
113.9

Business equipment excluding:
Autos and trucks
Computer and office equipment

12.8
12.5

124.7
115.9

151.0
133.8

150.9
133.6

152.5
134.7

153.3
135.5

153.6
135.3

154.4 152.7
135.3 I 136.3

149.9
133.2

150.9
132.3

147.8
130.6

150.3
134.0

152.3
135,1

Materials e x c l u d i n g :
Energy

29.5

111.3 ! 129.9

131.6

133.8

134.2

134.2

134.3

131.7

131.3

131.7

133.8

134.8

Total i n d e x
Products, total
Final p r o d u c t s

Intermediate p r o d u c t s
Construction supplies
Business supplies
Materials
Durable
Consumer parts
Equipment parts
Other
Basic metals
Nondurable
Textile
Paper
Chemical
Other
Energy
Primary
Converted fuel

SPECIAL AGGREGATES
Total e x c l u d i n g :
Autos and trucks
Motor vehicles and parts
Computer and office equipment
Consumer goods excluding:
Autos and trucks
Energy

!

I

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




4

131.6

Table 1B
INDUSTRIAL PRODUCTION: MARKET GROUPS
Percent change

Item

Seasonallyadjustec I
Seasonallvadiusted
annual rate
1994
1995
1994
1995
p
Q4 r
Jan. r
Feb/
Mar.P
[ Dec/
Q2
Q3
Q1

1993Q4
to
1994Q4

Not seasonally adjusted
1994
1995
Dec/
Jan/
Feb/
Mar.P

Mar. 94
to
Mar. 95

Total index

6.0

6.0

4.9

5.9

5.5

1.1

.4

.1

-.3

-.2

.6

1.1

.0

4.5

Products, total
Final products

5.0
4.6

4.9
3.5

3.9
3.6

4.5
4.1

4.9 J
5.8

1.0
1.2

.5
.5

.0
.1

-.4
-.5

-.6
-.6

.5
.9

1.0
1.3

.1
-.1

3.6
3.4

2.1
-7.1
-18.6
-26.7
-28.5
-24.7
2.2
5.5
10.2
3.2
4.4
4.6
10.0
9.0
2.7
6.2
-13.3
6.6
-20.0

1.9
6.5
3.3
2.1
-10.5
17.5
5.7
9.6
18.0
10.7
4.8
.7
2.6
-2.8
-.8
-.2
.1
-3.8
1.7

2.8
6.4
16.7
19.7
31.1
8.8
10.6
-2.3
-11.3
2.5
-.2
1.8
6.3
1.8
3.4
-4.9
-9.1
2.7
-13.5

6.0 j
6.6
14.1
21.1 |
35.9
6.5
.4
-.1
-8.2
3.8
1.9
5.8
6.8
-5.5
16.2
-2.3
3.1
11.6
-.2

1.5
2.3
3.2
3.9
6.9
.8
1.6
1.6
3.6
1.9
.3
1.2
1.7
.7
2.7
-.3
-.9
-2.1
-.4

.5
.7
.3
.9
3.1
-1.4
-1.0
1.0
-.8
2.0
1.4
.4
.4
-.6
1.9
-.8
.1
.0
.2

.0
-.4
1.2
1.6
.0
3.5
.4
-2.0
-4.3
-2.1
-.7
.1
.3
-1.4
-1.1
.4
2.6
1.3
3.2

-.8
-1.9
-1.9
-2.6
-.5
-4.9
-.3
-2.0
-3.7
-1.5
-1.5
-.5
-.4
-.8
.1
-.4
-2.1
4.6
-4.9

-.7
-5.3
-7.7
-10.6
-6.3
-15.1
-1.5
-3.0
-5.0
-2.5
-2.3
.5
-5.0
-2.2
.6
1.3
22.8
-.7
33.9

2.4
2.7
5.7
7.5
6.3
8.9
2.1
.1
10.0
-1.9
-3.4
2.3
3.2
-3.8
-.8
-1.7
11.0
-6.1
17.1

.9
7.3
12.4
17.3
17.0
17.6
2.5
2.5
3.8
5.6
.2
-.8
.5
2.8
-.9
1.6
-7.9
-1.8
-9.7

-.7
.6
1.5
1.6
1.3
2.0
1.4
-.4
-.9
-.9
.2
-1.1
.2
.1
2.1
.6
-11.4
4.0
-16.1

2.0
1.9
3.4
2.8
4.3
1.1
4.7
.5
-3.3
3.1
1.0
2.0
4.4
-1.7
3.8
-.5
-3.7
7.6
-8.1

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
|

3.4
5.1
7.3
6.1
5.8
6.4
10.0
3.1
-1.7
6.0
4.1
2.9
6.5
1.7
2.4
-6
-4.0
-2.2
-4.8

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

6.4
9.6
13.7
20.2
8.7
.2
4.8
10.4
-9.4
-2.0
17.6

5.8
8.2
8.2
7.6
14.0
-11.1
-19.8
24.0
-7.9
13.9
6.0

6.4
11.4
18.4
25.8
7.8
-2.0
7.4
13.4
-16.1
-6.6
.8

6.2
8.6
13.9
25.5
5.8
5.1
17.8
1.2
-2.8
-22.3
36.0

5.4
7.1
10.1
26.5
6.7
6.9
16.5 j
-1.8
-4.1 I
2.0
6.4

.9
1.0
2.2
2.0
.0
.2
.6
.0
-.4
.0
7.4

.6
.7
.2
1.8
1.4
1.4
3.0
.6
-.2
.9
.0

.1
.3
.3
2.3
.5
.7
.8
-.8
-1.0
2.8
-4.0

.1
.3
1.3
2.0
.0
-1.4
-2.0
-.6
-.2
-3.8
-2.0

-.3
-.4
1.7
1.4
-.1
-6.2
-11.0
-1.3
1.1
-1.8
-9.4

-1.3
-1.1
-2.5
-.3
-1.4
3.2
9.5
-.3
-1.8
-8.0
9.1

2.1
2.9
1.2
4.5
2.4
9.3
16.1
2.4
-1.7
-5.0
4.0

.9
1.3
2.4
3.8
.8
.1
.8
-.1
-.4
-6.1
2.0

5.5
8.4
12.7
22.3
7.3
-.3
4.9
7.1
-8.1
-7.0
6.6

6.3
8.4
5.1

9.6
11.4
8.5

4.6
9.7
1.5

5.7
8.1
4.3

2.2
4.8 i
.6

.3
1.7
-.6

.3
.5
.2

-.1
-.7
.2

-.1
.1
-.3

-.9
-2.5
.0

-.5
-1.1
-.2

.1
1.7
-.9

.6
2.1
-.3

4.4
8.1
2.1

7.5

7.7

6.5

8.1

6.5

1.4

.3

.2

-.2

.4

.8

1.1

-.1

5.9

10.7
9.9
14.3
7.9
6.9
5.6
6.7
4.1
6.6
4.6
1.8
2.7
.3

10.1
-2.0
15.1
12.0
12.4
6.2
6.5
6.5
8.2
1.9
3.3
5.8
-1.1

8.4
8.1
13.4
4.2
-.1
7.6
3.9
9.5
5.4
12.6
.9
.6
1.3

12.6
13.2
15.9
9.5
13.2
6.9
12.5
2.7
6.5
8.5
-1.7
.9
-6.1

8.9
8.5
11.7
6.5
4.9
4.5
3.2
1.2
9.6
-1.5
2.4
3.9
-.5

1.9
2.9
1.1
2.2
2.2
1.1
-1.4
-.6
1.3
3.4
.3
1.0
-.9

.5
.0
.9
.4
.1
-.2
1.0
-.4
.5
-2.0
.2
.0
.5

-.1
.0
.8
-1.0
-1.3
.2
-.7
1.0
.8
-1.0
1.0
.8
1.4

.0
-1.0
.7
-.2
-.1
.2
.5
.2
.2
.4
-1.1
-1.0
-1.4

.9
.3
2.3
-.1
.6
-3.3
-8.4
-4.5
-1.1
-3.7
3.0
2.3
4.2

-1.1
-1.6
-1.0
-.8
1.2
3.9
10.5
5.2
1.1
5.2
2.3
1.9
3.0

1.6
2.6
.8
1.8
2.2
1.5
.8
1.1
3.3
-1.4
-.4
.7
-2.4

.9
.5
1.3
.7
.1
.5
1.2
-1.4
.1
2.7
-3.4
-3.6
-2.9

8.4
5.2
13.1
5.9
5.8
5.6
5.4
3.7
7.3
4.0
.3
.9
-.9

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

6.0
5.9
5.6

7.2
7.6
6.0

4.9
4.9
4.4

5.5
5.1
5.4

5.1
5.0
5.0

1.1
1.1
1.1

.3
.4
.4

.1
.0
.0

-.2
-.2
-.4

.1
.1
-.3

.4
.4
.7

.6
.6
1.0

-.1
-.1
-.1

4.6
4.5
4.1

Consumer goods excluding:
Autos and trucks
Energy

3.2
4.2

4.6
4.0

1.9
2.1

1.6
4.1

4.9
6.3

1.3
1.7

.5
.5

-.1
-.3

-.7
-.7

.0
-3.2

2.0
1.2

-.3
2.1

-.9
.7

2.0
2.7

11.5
8.3

11.8
9.1

7.7
5.8

6.2
3.9

1.1
.8

.5
.5

.2
-.1

.5
.0

.7
-7

-2.0
-1.3

1.7
2.6

1.3
.8

8.7
6.1

9.0

8.1

11.0

7.6

1.7

.3

.0

.1

-.3

.3

1.6

.8

7.6

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

|

SPECIAL AGGREGATES

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

10.1
7.9
9.2

I

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




5

Table 2A
INDUSTRIAL PRODUCTION: INDUSTRY GROUPS
<
Index. 1 187=100
'tern

1992
Value1
1994
Index j Oct.
SIC added

—

SeasonallvAdiusted
1995
Nov. Dec/
Jan/
Feb/

Mar.P

1994
Oct.

—~~
Not seasonally adjusted
1995
Nov. Dec/
Jan/
Feb/

Mar.P

100.0

Manufacturing

107.6

119.5

120.3

121.7

122.2

122.3

121.9

121.3

119.5

119.3

120.0

121.3

121.3

85.5

Total index

108.0

121.5

122.6

124.2

124.7

124.5

124.4

124.5

121.9

120.3

120.3

122.4

123.4

120.3
126.0

120.0
126.9

119.5
126.9

119.5
126.7

119.2
127.1

118.0
123.8

116.0
122.3

116.8
122.0

118.6
124.1

119.3
125.4

26.5
59.0

104.6
109.7

116.6
123.8

118.4
124.6

45.1
2.0
1.4
2.1

109.3
95.8
99.1
95.3

128.0
106.7
114.8
105.4

129.1
106.7
113.0
106.9

131.2
110.4
114.7
110.1

131.8
110.1
116.0
108.2

131.7
109.1
115.3
106.8

131.6
108.9
114.3
107.4

130.8
112.3
116.3
110.1

128.7
105.1
112.8
107.5

128.3
102.8
113.1
104.3

127.4
105.8
111.0
101.1

130.6
106.6
114.7
102.3

132.0
107.6
113.4
104.3

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

3.1
1.7
.1
1.4
5.0

101.9
105.1
101.2
97.6
98.8

115.9
118.8
109.0
111.8
112.2

119.1
121.9
114.2
115.2
113.3

123.0
129.3
121.9
114.8
115.3

121.4
125.9
114.6
115.3
116.3

119.7
124.2
117.2
113.7
115.9

119.5
124.7
117.2
112.5
115.4

116.9
119.9
109.7
112.5
114.4

117.7
121.3
111.9
112.9
113.9

117.0
121.8
114.4
110.7
114.6

119.8
122.8
115.1
115.6
111.3

122.7
127.8
121.1
115.9
113.1

122.3
127.1
120.5
115.9
115.1

7.9
1.7
7.3

124.6
172.8
121.9

166.5
300.5
166.9

167.5
305.7
168.8

168.5
311.9
172.5

171.3
317.5
173.2

171.4
324.8
173.8

172.1
331.3
174.2

167.1
310.9
169.2

163.0
295.5
170.5

163.3
299.7
173.6

163.4
298.9
170.1

168.4
312.3
172.2

171.6
324.3
174.0

37
371
372-6,9
38
39

9.6
4.8
2.5
4.8
5.4
1.3

105.1
107.4
101.9
103.0
106.3
106.3

109.0
138.4
128.6
80.8
108.2
118.4

110.5
141.4
132.7
80.9
107.7
118.6

111.9
144.6
138.4
80.6
108.9
117.6

112.5
146.1
140.0
80.3
108.5
119.1

113.3
147.5
142.0
80.5
107.8
120.2

112.2
145.4
138.8
80.5
108.5
118.7

114.6
149.0
147.6
81.6
109.2
122.9

110.6
140.4
131.5
82.1
107.7
122.6

107.6
133.4
118.2
82.9
108.3
118.9

108.9
138.5
126.9
80.5
106.3
115.6

115.4
152.3
148.8
80.0
105.9
116.3

116.1
153.7
151.2
80.2
107.1
117.7

20
21
22
23
26

40.5
9.4
1.6
1.8
2.2
3.6

106.5
107.0
96.5
103.9
95.0
108.9

114.2
113.4
104.5
110.6
96.9
118.9

115.4
113.9
101.5
112.0
96.8
121.3

116.4
114.7
108.0
112.2
97.0
121.7

116.8
115.6
107.8
113.5
96.6
119.8

116.6
115.7
109.3
111.5
95.7
120.1

116.4
115.6
108.1
111.7
94.5
120.0

117.5
119.3
117.2
115.1
98.8
121.4

114.4
114.1
101.0
110.0
97.5
120.0

111.5
110.8
83.6
101.0
96.3
114.7

112.4
109.6
109.7
106.5
92.7
121.9

113.2
109.4
112.9
110.2
93.7
122.6

113.9
110.6
109.4
111.5
93.4
121.2

27
28
29
30
31

6.8
9.9
1.4
3.5
.3

97.2
114.7
102.1
115.6
89.0

101.4
123.8
104.0
136.7
85.6

102.0
126.2
107.6
138.3
84.5

101.6
128.0
107.7
140.0
84.4

101.3
129.9
107.4
140.6
82.9

101.2
129.1
107.5
140.7
82.7

100.9
129.3
110.1
139.3
82.6

102.2
125.3
106.3
139.2
87.4

100.5
123.5
109.6
138.2
86.2

99.7
122.4
108.0
138.2
84.9

96.7
123.5
100.2
138.5
81.2

97.3
124.6
99.3
140.1
80.7

98.2
126.1
102.9
139.6
81.5

10
12
13
14

6.8
.4
1.0
4.7
.6

98.9
163.8
108.2
93.2
99.0

99.2
158.9
110.2
92.2
109.3

98.3
154.3
110.1
91.2
109.9

100.1
156.2
117.8
92.2
109.9

99.8
158.4
117.9
91.2
113.6

100.3
158.3
118.6
91.9
112.2

99.8
158.2
116.9
91.2
114.8

101.2
154.2
114.6
93.6
116.3

101.0
153.1
113.1
94.1
112.0

100.9
154.3
112.4
94.8
105.5

99.6
152.7
118.3
93.1
95.8

100.1
158.4
122.7
92.7
96.5

99.3
158.2
118.9
91.4
105.0

491,3pt
4&,3pt

7.7
6.1
1.6

111.9
111.7
112.7

117.2
117.9
114.4

116.5
117.5
112.3

115.2
116.5
109.8

116.0
117.2
111.3

118.9
120.3
113.3

115.9
116.9
111.7

104.6
109.6
84.8

111.1
109.7
116.7

126.7
118.0
160.8

137.7
124.5
189.7

131.3
120.5
173.8

119.6
111.8
150.2

80.7
83.8

108.1
106.2

120.5
118.1

121.5
119.1

122.9
120.6

123.4
121.1

123.2
120.8

123.1
120.6

123.1
121.0

120.8
118.6

119.5
116.9

119.2
116.9

120.6
118.8

121.6
119.7

11.9
6.4
5.5
5.1
0.4

12.3
6.5
5.8
5.4
0.4

12.7
6.9
5.8
5.5
0.3

12.9
7.2
5.7
5.4
0.3

13.1
7.2
5.9
5.6
0.3

12.8
7.1
5.6
5.3
0.3

13.2
7.1
6.1
5.7
0.4

12.4
6.6
5.7
5.4
0.3

11.1
6.2
4.9
4.6
0.3

11.9
6.6
5.3
5.0
0.3

12.7
7.0
5.7
5.3
0.3

14.8
8.1
6.6
6.2
0.4

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

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

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.




6

Table 2B
INDUSTRIAL PRODUCTION: INDUSTRY GROUPS
Percent change
1993Q4
to
1994Q4

SIC

Item

Seasonally adjusted
annual rate
1994
T99T
Q2
Q4r
Qi p
Q3

Seasonallvadiusted
1994
1995
Jan. r
Dec/
Feb/
Mar.P

Not seasonally adjusted
1994
1995
Dec/
Jan/
Feb/
Mar.P

Mar. 94
to
Mar. 95

Total index

6.0

6.0

4.9

5.9

5.5

1.1

.4

.1

-.3

-.2

.6

1.1

.0

4.5

Manufacturing

6.9

7.3

5.5

7.7

6.0

1.3

.4

-.1

-.1

-1.4

.0

1.7

.9

5.4

6.4
7.1

8.2
6.9

4.5
5.9

8.9
7.1

4.4
6.7

1.6
1.1

-.2
.7

-.4
.0

-.1
-.1

-1.7
-1.2

.6
-.3

1.6
1.7

.6
1.0

5.4
5.4

8.5
4.1
8.0
5.5

7.1
3.9
14.3
10.2

8.0
4.9
12.4
1.2

9.6
5.0
.8
8.5

7.1
5.5
3.7
.0

1.6
3.5
1.5
3.0

.5
-3
1.1
-1.7

-.1
-.9
-.6
-1.3

-.1
-.2
-.9
.5

-.4
-2.3
.3
-3.0

-.6
2.9
-1.9
-3.0

2.5
.8
3.3
1.1

1.1
1.0
-1.1
2.0

7.1
4.7
6.2
3.5

8.8
7.6
6.4
10.4
7.6

14.7
21.5
4.5
6.3
9.6

-1.3
-14.0
5.6
18.0
7.3

19.9
28.9
32.5
9.2
6.3

2.8
5.3
4.7
-.3
8.1

3.2
6.1
6.7
-.4
1.8

-1.3
-2.6
-6.0
.4
.8

-1.3
-1.3
2.3
-1.4
-.4

-.2
.4
.0
-1.0
-.4

-.6
.5
2.3
-2.0
.6

2.4
.8
.6
4.4
-2.8

2.4
4.1
5.2
.3
1.6

-.3
-.5
-.5
.0
1.8

6.6
6.9
10.6
6.2
6.3

13.2
20.2
16.5

15.3
7.6
18.5

13.5
25.8
18.4

12.5
25.5
15.1

10.2
26.5
10.6

.6
2.0
2.2

1.7
1.8
.4

.0
2.3
.3

.4
2.0
.3

.2
1.4
1.8

.1
-.3
-2.0

3.0
4.5
1.2

1.9
3.8
1.1

11.7
22.3
14.2

372-6,9
38
39

2.5
7.9
6.1
-5.6
3.2
6.1

-10.5
-17.8
-26.9
2.1
.8
7.5

-.8
5.1
.5
-9.3
7.0
7.4

9.5
20.6
21.0
-6.5
-.5
2.1

8.2
14.5
22.8
-1.7
.1
3.8

1.3
2.2
4.3
-.3
1.1
-.8

.5
1.1
1.2
-4
-.3
1.2

.7
.9
1.4
.3
-.6
.9

-.9
-1.4
-2.3
.0
.7
-1.2

-2.7
-5.0
-10.1
1.1
.5
-3.0

1.2
3.8
7.4
-2.9
-1.8
-2.8

6.0
10.0
17.3
-.7
-.3
.6

.7
.9
1.6
.3
1.1
1.3

1.4
4.8
3.0
-3.9
1.6
4.0

20
21
22
23
26

5.0
3.5
26.9
5.5
2.7
3.9

7.5
5.8
30.6
7.5
8.9
2.6

2.6
5.2
-8.6
.6
.6
9.2

5.4
.3
45.2
10.3
.2
7.5

4.6
5.8
15.1
2.3
-5.4
-2.1

.9
.7
6.4
.2
.2
.3

.4
.8
-.2
1.1
-.5
-1.6

-.2
.0
1.3
-1.8
-.9
.2

-.1
.0
-1.1
2
-1.2
.0

-2.6
-2.9
-17.3
-8.2
-1.2
-4.4

.8
-1.1
31.2
5.4
-3.7
6.2

.7
-.2
3.0
3.5
1.1
.5

.6
1.1
-3.1
1.2
-.4
-1.1

3.5
2.4
16.3
3.5
-1.2
3.7

27
28
29
30
31

2.8
4.7
.4
10.1
-1.5

10.1
5.0
10.4
9.1
-.3

-1.6
2.5
-5.2
8.1
-2.8

.8
5.4
6.0
11.6
-4.1

-2.0
11.3
7.3
5.5
-9.5

-.4
1.4
.1
1.3
-.1

-.3
1.5
-.3
.4
-1.8

-.1
-.6
.0
.1
-.3

-.3
.1
2.5
-1.0
-.2

-.8
-.9
-1.4
.0
-1.5

-3.0
.9
-7.2
.2
-4.4

.7
.8
-1.0
1.2
-.6

.9
1.2
3.7
-.3
1.0

-.4
5.0
6.5
6.4
-5.0

10
12
13
14

.8
-5.1
9.2
-1.1
6.8

5.7
-11.6
15.1
4.9
8.6

-2.3
.0
-13.7
-.4
2.0

-3.4
-5.5
9.3
-7.5
10.1

3.1
4.7
19.2
-1.9
14.8

1.9
1.2
7.0
1.1
.1

-.3
1.4
.0
-1.0
3.4

.5
.0
.6
.7
-1.3

-.5
-.1
-1.4
-.7
2.3

-.1
.8
-.6
.7
-5.8

-1.3
-1.1
5.2
-1.7
-9.2

.5
3.8
3.7
-.5
.7

-.8
-.1
-3.1
-1.4
8.8

-.8
-4.3
-.7
-1.8
9.6

491,3Dt
492,3pt

.2
1.9
-6.0

-6.7
1.4
-32.6

3.1
.5
14.1

-6.0
-2.8
-17.9

2.3
2.9
-.2

-1.1
-.9
-2.3

.7
.6
1.3

2.5
2.7
1.8

-2.6
-2.8
-1.4

14.0
7.6
37.8

8.7
5.5
18.0

-4.7
-3.2
-8.4

-8.9
-7.2
-13.6

-1.7
-.2
-7.3

6.8
6.5

9.3
7.3

5.5
4.9

6.9
7.2

5.4
5.4

1.2
1.2

.4
.4

-.2
-.2

.0
-.2

-1.1
-1.4

-.2
.0

1.1
1.6

.9
.8

5.5
4.9

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

24
25
32

33
Primary metais
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
Electrical machinery
Transportation equipment
Motor vehicles and parts
Autos and light trucks
Aerospace and misc.
instruments
Miscellaneous

37
371

Nondurable
Foods
Tobacco products
Textile mill products
Apparel products
Paper and products
Printing and publishing
Chemicals and products
D
etroieum products
RdbDe r and plasms products
i^at^er >*a crod o:<
Mining
fweta1 ^ • f i g
Coa. * *~r „
O anc f :as 9xtv,u-,,"
^ t ^r.fc j,a ea*1 r <v e f r j $
Utilities
Electric
Gas

SEEOAk_AIS^mEfiAIES
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.




7

Table 3
CAPACITY UTILIZATION: MANUFACTURING, MINING, AND UTILITIES
Percent of capacity, seasonally adjusted
1994
Proportion

19671994
Ave.

1973
High

19781980
High

1982
Low

19881989
High

19901991
Low

1994
Mar.

1994
Oct.

Nov.

Dec/

1995
Jan/

Feb/

Mar.P

Total industry

100.0

82.0

89.2

87.3

71.8

84.9

78.0

83.7

84.4

84.8

85.5

85.6

85.4

84.9

Manufacturing

87.1

81.3

88.9

87.3

70.0

85.2

76.6

82.9

83.8

84.4

85.2

85.3

84.9

84.5

25.5
61.6

82.5
80.7

92.2
87.5

89.7
86.3

66.8
71.4

89.0
83.5

77.9
76.2

86.8
81.3

88.3
82.1

89.5
82.4

90.8
83.0

90.3
83.3

89.7
83.0

89.5
82.6

47.7
1.8
1.4
2.1

79.3
83.4
81.8
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
76.3
71.0
71.5

82.3
90.3
80.6
80.6

83.9
91.7
84.5
81.1

84.3
91.6
83.0
82.2

85.4
94.7
84.1
84.5

85.4
94.3
84.8
82.9

85.0
93.2
84.1
81.7

84.5
92.8
83.2
82.0

80.4
80.2
79.7
81.1
73.0
88.9

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

74.0
72.1
71.4
75.0
73.6
97.3

89.8
91.4
89.4
87.9
83.8
80.3

92.5
92.4
93.0
92.7
84.0
77.9

95.0
94.6
97.5
95.6
81.9
77.9

98.0
100.3
104.3
95.2
80.7
79.0

96.0
96.5
97.1
95.5
82.9
79.1

94.5
94.9
98.4
94.1
81.2
78.9

94.1
95.1

333-6,9
3331
3334

2.9
1.6
.1
1.3
.1
.1

34

5.2

77.5

87.8

83.9

62.9

82.0

71.8

81.6

83.9

84.6

86.1

86.7

86.3

85.8

35
357
36

8.8
2.4
8.3

81.2
80.8
80.6

96.4
90.9
87.8

92.1
93.5
89.4

64.9
63.1
71.1

84.0
84.4
84.9

72.5
64.5
76.6

86.9
87.9
86.1

90.9
89.6
89.3

91.0
90.1
89.6

91.1
90.9
90.8

92.G
91.2
90.3

91.3
91.6
89.7

90.9
91.8
89.0

37
371

75.0
76.1

83.8
93.4

372-6,9
38
39

10.1
5.5
2.8
4.6
5.5
1.5

75.3
81.9
75.5

77.0
89.9
82.9

82.7
93.0
92.2
81.1
92.5
78.7

56.7
44.5
40.1
66.9
79.0
66.1

84.4
85.1
89.1
88.4
81.2
80.1

70.2
57.6
53.3
79.4
76.7
73.5

77.2
88.2
91.6
64.4
75.7
74.8

75.2
85.7
84.9
62.6
76.1
75.9

76.1
87.2
87.3
62.6
75.7
75.9

76.9
88.8
90.6
62.5
76.4
75.0

77.2
89.4
91.4
62.3
76.1
75.3

77.5
89.8
92.4
82.5
75.5
76.4

76.7
88,1
90.0
62.6
75.9
75.4

20
22
23
26
261-3
27

39.3
9.3
1.6
2.1
3.2
1.3
6.8

83.5
82.3
86.2
81.1
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

80.4
80.5
78.9
75.1
86.5
89.6
78.7

83.8
82.5
89.7
80.2
91.7
94.0
80.1

83.9
81.9
90.8
80.9
93.2
94.8
79.7

84.6
82.2
91.7
80.8
95.0
96.3
80.1

85.2
82.6
91.8
80.9
95.2
95.7
79.7

85.4
83.1
92.7
80.5
93.5
95.5
79.4

85.0
83.0
90.8
79.7
93.5
95.7
79.3

84.7
82.8
90.8
78.6
93.3
95.6
79.0

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

10.1
.7
.4
1.2
3.4
.2

80.0
86.3
85.0
85.7
84.1
82.0

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

78.9
74.8
76.8
83.7
78.4
74.7

81.6
94.3
91.4
89.6
89.7
83.8

80.2
93.3
92.5
90.4
91.2
83.5

81.6
98.5
91.1
93.5
91.9
82.6

82.5
105.0
91.5
93.7
92.7
82.7

83.4
105.6
89.4
93.4
92.7
81.4

82.7

82.5

91.4
93.4
92.3
81.4

95.6
91.0
81.4

10
12
13
138
14

5.8
.4
1.0
4.0
.6
.5

87.4
78.4
86.9
88.1
72.7
84.5

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

86.0
80.6
82.9
86.8
53.6
79.4

90.2
85.0
90.3
90.8
77.2
88.4

89.0
81.6
84.1
90.3
74.2
92.4

88.2
79.2
83.9
89.3
72.3
92.9

89.8
80.1
89.7
90.3
72.3
92.9

89.8
81.2
89.6
89.4
73.0
96.1

90.0
81.2
90.1
90.1
75.1
94.8

89.5
81.1
88.7
89.5
72.2
97.0

491,3pt
492,3pt

7.1
5.6
1.5

86.7
88.8
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

83.2
86.5
68.3

87.5
88.6
83.6

86.4
88.3
79.2

85.8
88.0
77.8

84.7
87.1
76.0

85.3
87.5
77.0

87.3
89.7
78.4

85.0
87.1
77.2

SIC

Item

Primary processing
Advanced processing
Durabie
Lumber and products
Fumiture and fixtures
Stone, ciay, 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
Electrical 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

Mining
Metalmining
Coal mining
Oil and gas extraction
Oil and gas well drilling
Stone and earth minerals
Utilities
Electric
Gas

24
25
32

33
331,2

92.9
79.1
78.6

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
Pi rcent change
Item

Capacity indexes
Percent of 1987 outnut

Annual rate
^GGT- 1967- 19751994 1975 1994
SIC
Ave.
Ave.
Ave.

_

Decern b< to December
3r

1990

1991

1992

1993

1994

1994
Mar.

1994
Oct.

Nov.

Dec.

1995
Jan.

Feb.

Mar.

Total industry

2.8

3.7

2.4

1.9

1.9

2.1

2.1

2.8

139.3

141.6

141.9

142.3

142.7

143.1

143.6

Manufacturing

3.2

3.9

2.9

2.1

2.1

2.4

2.4

3.1

142.3

144.9

145.3

145.7

146.1

146.6

147.2

2.1
3.8

4.0
3.9

1.3
3.7

1.7
2.2

1.2
2.6

1.4
2.9

1.4
2.8

2.0
3.5

130.5
147.8

132.1
150.8

132.3
151.3

132.5
151.7

132.9
152.3

133.2
152.9

133.5
153.5

3.5
1.7
3.1
1.4

3.7
2.9
4.5
2.5

3.4
1.1
2.4
.8

2.1
.6
2.2
.6

2.5
-.4
.8
.2

2.6
.4
1.7
.5

2.6
.7
2.4
1.0

3.8
1.6
2.9
1.6

149.3
115.2
133.6
128.7

152.6
116.3
135.9
129.9

153.1
116.5
136.2
130.1

153.6
116.6
136.5
130.3

154.2
116.8
136.8
130.5

154.9
117.1
137.1
130.7

155.6
117.4
137.4
130.9

333-6,9
3331
3334

-.1
-.9
-1.3
1.3
.3
1.3

1.7
.7
.3
3.6
1.8
5.2

-.9
-1.6
-2.1
.2
-.4
-.4

.6
.8
-.2
.1
.3
.4

-.7
-1.4
-1.7
.4
6.5
.6

-1.1
-2.4
-2.7
.7
8.0
.3

-.5
-.8
-3.8
-.1
5.1
.5

.7
1.2
-2.0
.0
1.2
.0

124.8
127.7
118.6
120.6
159.0
125.0

125.3
128.6
117.3
120.5
160.0
125.0

125.4
128.8
117.1
120.5
160.1
125.0

125.5
128.9
116.9
120.5
160.3
125.0

126.4
130.5
118.0
120.6
160.6
125.0

126.7
130.9
119.2
120.9
161.1
125.0

127.0
131.2
119.4
121.1
161.7
125.0

34

1.6

3.1

.9

.3

.4

.9

.9

1.0

133.0

133.7

133.8

133.9

134.1

134.3

134.5

35
357
36

6.4
20.0
5.7

4.7
12.0
6.1

7.2
24.0
5.5

4.9
15.8
3.5

5.5
15.3
5.9

4.7
15.6
6.6

4.3
14.3
7.6

5.8
15.5
9.7

177.3
308.2
177.2

183.3
335.4
186.9

184.1
339.2
188.5

185.0
343.1
190.0

186.2
348.2
191.8

187.8
354.5
193.8

189.4
360.8
195.8

37
371

2.5
3.2

3.0
4.5

2.3
2.5

372-6,9
38
39

1.8
5.0
2.3

1.3
7.6
4.4

2.0
3.8
1.3

.9
1.4
.6
.6
1.2
1.6

1.4
3.1
1.1
-.3
1.2
1.5

1.5
3.2
2.5
-.3
1.2
3.7

.5
2.4
.7
-1.7
1.3
3.1

2.0
4.6
4.9
-1.1
1.4
3.6

143.3
157.3
147.1
130.0
141.1
152.6

145.0
161.6
151.4
129.2
142.2
155.9

145.2
162.2
152.1
129.1
142.4
156.3

145.4
162.8
152.7
129.0
142.5
156.8

145.7
163.5
153.2
128.9
142.7
157.1

146.1
164.2
153.7
128.8
142.8
157.3

146.4
165.0
154.2
128.7
143.0
157.5

20
22
23
26
261-3
27

2.9
2.5
2.0
1.3
2.7
2.4
3.1

4.3
3.0
4.3
2.3
3.9
3.0
3.0

2.2
2.3
1.0
.8
2.1
2.1
3.2

2.1
1.4
1.6
.1
3.0
2.7
2.9

1.7
1.9
.4
-.4
2.3
2.9
1.1

2.3
2.2
1.3
1.1
1.9
2.2
1.8

2.2
2.2
1.8
-.1
1.6
1.6
1.7

2.3
2.0
2.1
.5
1.8
2.0
1.1

134.2
136.8
120.3
119.4
126.2
123.6
126.4

136.0
138.4
121.8
119.8
127.5
125.1
127.2

136.3
138.7
122.0
119.8
127.7
125.3
127.3

136.5
138.9
122.3
119.9
127.9
125.5
127.4

136.8
139.1
122.5
120.0
128.1
125.7
127.5

137.1
139.4
122.7
120.1
128.4
125.9
127.6

137.4
139.7
123.0
120.3
128.7
126.1
127.7

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

3.9
6.5
4.2
1.5
5.5
-3.3

6.8
12.7
9.7
4.2
8.6
-1.5

2.6
3.8
1.8
.2
4.1
-4.1

2.5
2.5
1.2
1.0
4.0
-3.5

2.6
1.0
1.5
-1.0
3.4
-3.8

3.6
1.1
5.0
-1.3
4.5
-2.3

3.3
1.8
1.5
-.5
4.4
-2.8

3.8
2.5
3.6
-.4
4.7
-2.1

150.9
129.5
129.8
115.4
145.9
103.7

154.3
131.3
132.6
115.1
149.9
102.5

154.7
131.6
133.0
115.1
150.5
102.3

155.2
131.9
133.4
115.0
151.0
102.1

155.7
132.2
133.9
115.0
151.7
101.9

156.2
132.6
134.3
115.1
152.4
101.6

156.6
133.0
134.8
115.2
153.1
101.4

10
12
13
138
14

.0
1.4
2.5
-.6
.3
.8

-.1
.7
2.5
-1.0
.8
2.6

.1
1.7
2.5
-.4
.1
.0

-1.1
4.6
2.1
-2.5
-9.5
-.1

-.2
2.1
2.1
-.9
-5.5
-.5

-1.2
2.5
.9
-2.3
-8.2
.6

-1.4
1.6
1.1
-2.4
-9.4
-.1

-.t
.4
1.1
-.4
-1.0
-.2

111.5
194.3
130.3
102.3
119.4
118.5

111.5
194.8
131.1
102.1
118.9
118.3

111.4
194.8
131.3
102.1
118.9
118.3

111.4
194.9
131.4
102.1
118.8
118.3

111.4
195.0
131.5
102.0
118.8
118.3

111.4
195.0
131.6
102.0
118.7
118.3

111.4
195.1
131.7
101.9
118.6
118.3

491,3pt
492,3pt

2.9
4.0
.3

6.0
7.8
2.3

1.5
2.3
-.6

2.6
3.4
.0

1.2
1.6
.0

1.2
1.5
.0

1.0
1.3
.0

1.2
1.5
.3

134.7
132.3
144.1

135.7
133.4
144.4

135.8
133.6
144.4

135.9
133.8
144.5

136.1
133.9
144.5

136.3
134.1
144.6

136.4
134.3
144.7

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
Electrical 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

Mining
Metalmining
Coal mining
Oil and gas extraction
Oil and gas well drilling
Stone and earth minerals
Utilities
Electric
Gas

24
25
32

33
331,2

1. Series begins in 1977.




9

Table 5A
INDUSTRIAL PRODUCTION, CAPACITY AND UTILIZATION FOR TOTAL INDUSTRY: HISTORICAL DATA
Seasonally adjusted
Jan.

Feb.

Mar.

Apr.

May

June

Ju'Y

Aug.

Sept.

Oct.

Nov.

Dec.

Q1

Q2

Q3

Q4

Annual

1.9
2.0
.4
.5
-.3

.0
-.1
.7
-.7
1.4

.8
1.0
.3
-.9
.4

1.2
.6
.4
.2
.5

1.1
.7
.2
.0
.6

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

1.8
.4
-.3
.5
.4

1.4
.1
.5
.2
.3

1.7
-.1
.5
.1
-.2

.8
-.7
-.8
.7
1.3

.2
.0
.4
.7
.1

.5
-.6
1.0
.6
.7

5.7
11.2
2.4
2.4
5.5

11.1
7.7
3.8
-3.4
8.1

17.8
4.0
.1
1.3
5.2

11.2
-3.4
1.2
5.8
6.5

3.7
9.3
1.7
.9
4.9

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

.2
-.5
.5
-.9
.9

.0
.9
.3
-1.0
.6

.8
.0
-.7
.5
.5

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

.0
-.3
.2
.9
-.3

.6
-1.0
-.2
.3
.9

.6
.5
.3
.1
-.1

-.5
-.4
.0
.9
.2

.3
-.4
-.5
-.1
.6

.6
.4
-1.3
.0
1.0

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

3.8
3.9
2.1
-8.1
.9

3.0
.3
1.1
1.7
5.8

2.9
-4.4
1.6
6.3
3.4

3.0
-.2
-5.2
1.5
6.2

4.4
1.5
.0
-1.7
3.2

.2
.0
.4

.6
.8
.1

.1
.9
-.3

.0
.1

-.2
.5

.3
.6

.4
.2

.2
.8

.3
-.1

.1
.4

.9
.7

.9
1.1

5.1
7.1
5.5

.7
6.0

3.3
4.9

5.3
5.9

4.1
5.4

Industrial
Production
1983
1984
1985
1986
1987
!

80.8
91.0
93.1
96.1
96.5

80.7
90.9
93.8
95.5
97.9

81.3
91.9
94.1
94.6
98.2

82.3
92.4
94.5
94.8
98.8

83.2
93.0
94.7
94.7
99.4

83.7
93.5
94.4
94.3
100.3

85.3
93.9
94.1
94.8
100.6

86.5
94.0
94.5
94.9
100.9

87.9
93.9
95.0
95.0
100.7

88.6
93.2
94.2
95.6
102.1

88.8
93.3
94.6
96.3
102.2

89.2
92.8
95.6
96.8
102.8

80.9
91.3
93.6
95.4
97.5

83.1
93.0
94.5
94.6
99.5

86.6
93.9
94.6
94.9
100.8

88.9
93.1
94.8
96.2
102.3

84.9
92.8
94.4
95.3
100.0

1988
1989
1990
1991
1992

103.2
106.6
105.5
104.0
104.9

103.4
106.2
106.1
103.1
105.8

103.4
107.1
106.4
102.1
106.4

104.3
107.1
105.7
102.6
106.9

104.0
106.7
106.5
103.5
107.5

104.0
106.4
106.7
104.4
107.2

104.6
105.3
106.5
104.7
108.1

105.2
105.8
106.8
104.8
108.0

104.7
105.4
106.8
105.7
108.2

105.0
105.0
106.3
105.6
108.8

105.6
105.4
105.0
105.6
109.9

106.3
106.1
104.5
105.2
110.4

103.3
106.6
106.0
103.1
105.7

104.1
106.7
106.3
103.5
107.2

104.8
105.5
106.7
105.1
108.1

105.6
105.5
105.3
105.5
109.7

104.4
106.0
106.0
104.3
107.6

1993
1994
1995

110.6
114.7
122.2

111.3
115.6
122.3

111.4
116.6
121.9

111.4
116.7

111.1
117.4

111.5
118.0

112.0
118.2

112.2
119.1

112.5
119.0

112.7
119.5

113.7
120.3

114.7
121.7

111.1
115.7
122.1

111.3
117.4

112.2
118.8

113.7
120.5

112.0
118.1

Capacity
1983
1984
1985
1986
1987

110.7
113.3
116.0
119.2
121.6

110.9
113.5
116.2
119.4
121.8

111.1
113.7
116.5
119.6
122.0

111.3
113.9
116.8
119.8
122.2

111.6
114.2
117.1
120.0
122.4

111.8
114.4
117.3
120.2
122.6

112.0
114.6
117.6
120.4
122.8

112.2
114.8
117.9
120.6
123.0

112.4
115.0
118.2
120.8
123.2

112.6
115.3
118.4
121.0
123.4

112.8
115.5
118.7
121.2
123.6

113.1
115.7
119.0
121.4
123.8

110.9
113.5
116.2
119.4
121.8

111.6
114.2
117.1
120.0
122.4

112.2
114.8
117.9
120.6
123.0

112.8
115.5
118.7
121.2
123.6

111.9
114.5
117.5
120.3
122.7

1988
1989
1990
1991
1992

123.9
125.7
128.1
130.5
133.0

124.1
125.9
128.3
130.7
133.3

124.2
126.1
128.5
130.9
133.5

124.4
126.3
128.7
131.1
133.7

124.5
126.5
128.9
131.3
134.0

124.7
126.7
129.1
131.5
134.2

124.8
126.9
129.3
131.7
134.4

125.0
127.1
129.5
132.0
134.7

125.1
127.3
129.7
132.2
134.9

125.3
127.5
129.9
132.4
135.1

125.4
127.7
130.1
132.6
135.4

125.5
127.9
130.3
132.8
135.6

124.1
125.9
128.3
130.7
133.3

124.5
126.5
128.9
131.3
134.0

125.0
127.1
129.5
132.0
134.7

125.4
127.7
130.1
132.6
135.4

124.7
126.8
129.2
131.6
134.3

1993
1994
1995

135.8
138.7
142.7

136.1
139.0
143.1

136.3
139.3
143.6

136.5
139.7

136.8
140.0

137.0
140.3

137.2
140.6

137.5
140.9

137.7
141.3

137.9
141.6

138.2
141.9

138.4
142.3

136.1
139.0
143.1

136.8
140.0

137.5
140.9

138.2
141.9

137.1
140.5

73.0
80.4
80.3
80.6
79.3

72.8
80.1
80.7
79.9
80.3

73.2
80.8
80.7
79.1
80.5

73.9
81.1
80.9
79.1
80.8

74.6
81.5
80.9
78.9
81.2

74.9
81.8
80.5
78.4
81.8

76.1
81.9
80.0
78.7
81.9

77.1
81.8
80.2
78.7
82.0

78.2
81.6
80.4
78.7
81.8

78.7
80.9
79.6
79.1
82.7

78.7
80.8
79.7
79.4
82.7

78.9
80.2
80.4
79.8
83.1

73.0
80.4
80.6
79.9
80.1

74.5
81.4
80.7
78.8
81.3

77.2
81.8
80.2
78.7
81.9

78.8
80.6
79.9
79.4
82.8

75.8
81.1
80.3
79.2
81.5

1988
1989
1990
1991
1992

83.2
84.8
82.4
79.7
78.8

83.3
84.3
82.7
78.9
79.4

83.2
84.9
82.8
78.0
79.7

83.8
84.8
82.1
78.3
80.0

83.5
84.3
82.6
78.8
80.3

83.4
83.9
82.6
79.4
79.9

83.8
83.0
82.4
79.5
80.4

84.2
83.3
82.5
79.4
80.2

83.7
82.8
82.4
80.0
80.2

83.8
82.3
81.8
79.8
80.6

84.2
82.5
80.7
79.6
81.2

84.6
82.9
80.2
79.2
81.5

83.3
84.7
82.6
78.9
79.3

83.6
84.3
82.5
78.8
80.0

83.9
83.0
82.4
79.6
80.3

84.2
82.6
80.9
79.6
81.1

83.7
83.7
82.1
79.2
80.2

1993
1994
1995

81.5
82.7
85.6

81.8
83.2
85.4

81.7
83.7
84.9

81.6
83.6

81.2
83.8

81.4
84.1

81.6
84.1

81.6
84.5

81.7
84.2

81.7
84.4

82.3
84.8

82.9
85.5

81.7
83.2
85.3

81.4
83.8

81.6
84.3

82.3
84.9

81.7
84.0

Year
Industrial
Production,
Percent
Change1
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992

I

1993
1994
1995

Utilization
1983
1984
1985
1986
1987

1. Quarterly pe>rcent changes a re at annual ran*s. Ann ual perc ent char ges are calcula ed from annual average s.



10

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

2.2
2.3
.1
1.3
-.6

.4
.6
.6
-.4
1.7

1.4
.9
.7
-1.0
.5

1.0
.4
.3
.9
.4

1.4
.5
.6
.0
.7

.8
.6
-.5
-.3
.9

1.5
.4
-.2
.6
.4

1.3
.2
.8
.5
.0

2.2
-.1
.2
.3
.2

.8
.0
-.7
.7
1.0

.5
.0
1.3
.5
.4

.1
-.4
.1
1.0
.6

10.4
13.3
1.7
4.6
6.3

13.8
6.9
5.1
.1
8.6

17.5
4.7
1.0
3.5
5.6

12.5
-.3
2.4
7.2
6.8

5.6
10.4
2.6
2.9
6.0

.2
.8
-.1
-.8
-.2

.1
-.9
.9
-.9
1.0

.2
.6
.4
-1.1
.7

.7
.2
-.9
.6
.4

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

.0
-.2
.0
1.0
-.2

.5
-1.2
-.3
.4
.9

.4
.4
.5
.2
.0

.0
-.4
-.1
1.1
.1

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

.9
.3
-1.2
-.1
1.1

.6
.2
-.5
-.2
.4

3.6
4.3
3.7
-9.3
2.4

3.3
-.3
.2
1.3
6.0

3.0
-5.3
1.0
7.6
4.1

4.4
-1.3
-5.5
2.1
6.0

4.7
1.6
-.3
-2.0
3.9

.5
-.3
.4

.5
.8
-.1

.1
1.1
-.1

.1
.3

-.2
.5

.2
.3

.5
.4

.1
.9

.4
.0

.1
.5

1.1
.9

1.1
1.3

6.1
7.2
6.0

1.3
7.3

2.9
5.5

6.4
7.7

4.5
6.0

Industrial
Production
1983
1984
j
1985
1986
1987

76.2
87.1
89.9
94.0
96.2

76.5
87.6
90.4
93.6
97.8

77.6
88.3
91.1
92.7
98.3

78.3
88.7
91.4
93.5
98.7

79.4
89.1
92.0
93.6
99.4

80.0
89.7
91.5
93.3
100.3

81.2
90.1
91.3
93.9
100.7

82.3
90.3
92.0
94.4
100.7

84.1
90.2
92.3
94.6
100.9

84.7
90.2
91.6
95.3
102.0

85.1
90.2
92.8
95.8
102.4

85.2
89.8
92.8
96.7
103.0

76.8
87.7
90.5
93.5
97.4

79.3
89.2
91.6
93.5
99.4

82.5
90.2
91.9
94.3
100.8

85.0
90.1
92.4
95.9
102.5

80.9
89.3
91.6
94.3
100.0

1988
1989
1990
1991
1992

103.2
107.7
105.5
103.6
105.1

103.4
106.7
106.5
102.7
106.1

103.6
107.3
107.0
101.6
106.9

104.3
107.6
106.0
102.1
107.3

104.2
107.1
106.6
102.8
107.8

104.2
106.8
106.6
103.9
107.7

104.7
105.5
106.3
104.4
108.6

105.1
106.0
106.9
104.5
108.6

105.2
105.6
106.8
105.7
108.7

105.3
105.1
106.2
105.5
109.3

106.2
105.4
104.9
105.4
110.5

106.8
105.6
104.4
105.3
110.9

103.4
107.2
106.3
102.6
106.0

104.2
107.2
106.4
103.0
107.6

105.0
105.7
106.6
104.9
108.7

106.1
105.4
105.1
105.4
110.3

104.7
106.4
106.1
103.9
108.0

1993
1994
1995

111.5
115.8
124.7

112.0
116.7
124.5

112.2
118.0
124.4

112.3
118.4

112.1
119.0

112.3
119.3

112.9
119.8

112.9
120.9

113.4
120.9

113.6
121.5

114.8
122.6

116.1
124.2

111.9
116.8
124.5

112.3
118.9

113.1
120.5

114.8
122.7

112.9
119.7

Capacity
1983
1984
1985
1986
1987

106.7
109.4
113.1
117.6
121.2

106.9
109.7
113.4
117.9
121.5

107.2
110.0
113.8
118.2
1.21.7

107.4
110.3
114.2
118.5
121.9

107.6
110.6
114.6
118.8
122.2

107.8
110.9
115.0
119.1
122.4

108.0
111.2
115.3
119.3
122.7

108.3
111.5
115.7
119.6
122.9

108.5
111.8
116.1
119.9
123.2

108.7
112.1
116.5
120.2
123.4

108.9
112.4
116.9
120.5
123.7

109.1
112.7
117.2
120.8
123.9

106.9
109.7
113.4
117.9
121.5

107.6
110.6
114.6
118.8
122.2

108.3
111.5
115.7
119.6
122.9

108.9
112.4
116.9
120.5
123.7

107.9
111.1
115.2
119.2
122.6

1988
1989
1990
1991
1992

124.1
126.5
129.4
132.1
134.9

124.3
126.7
129.6
132.3
135.2

124.5
127.0
129.8
132.5
135.5

124.7
127.2
130.1
132.8
135.7

124.9
127.4
130.3
133.0
136.0

125.1
127.7
130.5
133.2
136.3

125.3
127.9
130.7
133.5
136.6

125.5
128.2
130.9
133.7
136.8

125.7
128.4
131.2
133.9
137.1

125.9
128.7
131.4
134.2
137.4

126.0
128.9
131.6
134.4
137.7

126.2
129.2
131.8
134.6
137.9

124.3
126.7
129.6
132.3
135.2

124.9
127.4
130.3
133.0
136.0

125.5
128.2
130.9
133.7
136.8

126.0
128.9
131.6
134.4
137.7

125.2
127.8
130.6
133.4
136.4

1993
1994
1995

138.2
141.6
146.1

138.5
142.0
146.6

138.8
142.3
147.2

139.1
142.7

139.3
143.1

139.6
143.4

139.9
143.8

140.2
144.2

140.4
144.5

140.7
144.9

141.0
145.3

141.3
145.7

138.5
142.0
146.6

139.3
143.1

140.2
144.2

141.0
145.3

139.7
143.6

71.4
79.6
79.5
80.0
79.3

71.5
79.9
79.7
79.4
80.5

72.4
80.3
80.0
78.5
80.7

73.0
80.4
80.0
79.0
80.9

73.8
80.6
80.3
78.8
81.3

74.2
80.9
79.6
78.4
81.9

75.2
81.0
79.2
78.7
82.1

76.0
80.9
79.5
78.9
81.9

77.5
80.7
79.5
78.9
81.9

77.9
80.5
78.6
79.3
82.6

78.1
80.3
79.4
79.5
82.8

78.0
79.7
79.2
80.0
83.1

71.8
79.9
79.8
79.3
80.2

73.7
80.6
80.0
78.7
81.4

76.2
80.9
79.4
78.8
82.0

78.0
80.2
79.1
79.6
82.8

74.9
80.4
79.5
79.1
81.6

1988
1989
1990
1991
1992

83.2
85.2
81.6
78.4
77.9

83.1
84.2
82.2
77.6
78.5

83.2
84.6
82.4
76.6
78.9

83.6
84.6
81.5
76.9
79.0

83.4
84.0
81.8
77.3
79.3

83.3
83.7
81.7
78.0
79.0

83.6
82.5
81.3
78.2
79.5

83.8
82.7
81.6
78.2
79.4

83.7
82.2
81.4
78.9
79.3

83.7
81.7
80.8
78.7
79.6

84.3
81.8
79.7
78.4
80.3

84.6
81.8
79.2
78.2
80.4

83.2
84.6
82.0
77.6
78.4

83.5
84.1
81.7
77.4
79.1

83.7
82.5
81.4
78.4
79.4

84.2
81.7
79.9
78.4
80.1

83.6
83.2
81.3
78.0
79.2

1993
1994
1995

80.7
81.8
85.3

80.9
82.2
84.9

80.8
82.9
84.5

80.8
83.0

80.5
83.2

80.5
83.2

80.7
83.3

80.6
83.8

80.8
83.6

80.7
83.8

81.4
84.4

82.2
85.2

80.8
82.3
84.9

80.6
83.1

80.7
83.6

81.4
84.5

80.9
83.4

Year
Industrial
Production,
Percent
Change 1
1983
1984
1985
1986
1987
!
1988
1989
1990
1991
1992

|

1993
1994
1995

Utilization
1983
1984
1985
1986
1987

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




11

Table 6
INDUSTRIAL PRODUCTION: INDUSTRY SUBTOTALS AND INDIVIDUAL SERIES
,, , 1992
Value
1
Index
SIC added

1994
Sept.

Oct.

Nov.

Dec/

Index. 1987=100
I• • • • K w i ^ ^ ^ I i M l P I ^ i r r n r ^ ^ M B B H B l
1995
1994
1995
r
Jan.
Feb/ ?<?PtOct.
Nov. Dec/ Jan/ Feb/

.42
.06
.37
.10

163.8
116.3
173.3
141.9

160.0
135.5
164.0
146.0

158.9
132.0
163.4
150.6

154.3
141.6
155.8
136.8

156.2
136.8
159.1
138.4

158.4
129.1
163.5
150.6

158.3
126.5
164.0

161.9
135.6
166.4
148.1

154.2
127.6
158.8
150.5

153.1
134.2
155.8
136.6

154.3
133.0
157.6
138.1

152.7
122.3
158.2
147.3

158.4
120.5
165.6

12

1.03

108.2

110.7

110.2

110.1

117.8

117.9

118.6

113.9

114.6

113.1

112.4

118.3

122.7

13
131

93.2
93.8
85.9
107.5
109.4
79.9

93.7
91.7
78.6
114.3
116.9
93.9

92.2
91.1
77.9
113.9
110.8
88.3

91.2
90.1
77.4
112.1
115.5
86.0

92.2
91.0
79.2
111.5
119.0
86.0

91.2
89.9
78.2
110.3
116.8
86.7

91.9
90.3
78.7
117.4
89.1

92.6
90.2
78.1
111.2
116.2
95.2

93.6
91.3
78.5
113.4
112.8
97.3

94.1
91.5
78.0
115.0
116.1
98.7

94.8
92.6
79.9
114.6
116.2
96.9

93.1
92.0
78.8
114.9
114.3
89.1

92.7
92.0
79.4

132
138

4.74
3.94
2.29
1.65
.25
.55

116.9
84.7

14

.57

99.0

106.7

109.3

109.9

109.9

113.6

112.2

115.2

116.3

112.0

105.5

95.8

96.5

20
201

202
2021
2022
2023
2024
2026

9.43
1.13
.43
.29
.40
.01
.96
.01
.27
.20
.13
.36

107.0
114.5
97.8
119.7
132.9
88.2
103.8
104.4
122.2
102.7
121.9
91.1

114.6
124.4
105.1
124.9
151.0
75.5
114.5
103.5
133.7
139.8
116.5
92.9

113.4
126.4
105.7
129.3
153.0
81.3
113.5
104.9
128.0
137.6
123.1
93.1

113.9
125.0
103.6
127.7
152.8
80.0
115.4
100.4
129.2
140.9
129.6
93.5

114.7
128.6
108.7
129.1
155.7
84.0
112.7
97.2
127.2
132.2
125.6
93.8

115.6
122.5
102.9
121.2
150.4
84.0
114.4
92.6
130.5
131.6
133.5
94.2

115.7
124.9
104.2
123.3
154.9
83.2
112.3
94.1
130.8
126.4
126.7
93.5

122.2
128.0
109.2
128.7
153.8
75.3
106.2
81.1
129.7
110.0
117.6
90.7

119.3
133.4
110.5
139.3
160.7
82.3
105.3
92.7
127.8
114.6
106.7
89.8

114.1
124.7
101.1
137.0
147.9
80.2
104.8
91.1
129.1
114.5
99.6
90.0

110.8
123.2
101.1
134.4
144.9
85.1
108.5
103.9
128.5
134.0
92.3
90.9

109.6
123.0
102.7
125.3
149.1
83.4
109.2
117.9
125.9
132.0
100.1
92.5

109.4
122.4
100.8
123.4
151.4
86.4
113.1
117.2
130.3
133.6
115.5
94.5

203
204
205
206
207
208
2082,3
2086,7
209
2095

1.32
1.27
1.07
.71
.23
1.74
.64
.87
1.01
.16

108.1
108.9
93.6
115.8
115.7
107.2
115.2
106.4
105.7
88.2

113.9
115.1
102.5
116.0
127.2
115.4
118.0
123.1
113.2
87.8

110.4
114.3
100.6
116.2
127.3
113.0
117.5
118.3
110.1
82.3

115.9
115.7
100.3
114.9
129.2
111.8
112.3
119.8
110.6
82.7

117.4
118.0
100.4
117.3
130.9
112.5
115.3
119.0
110.1
70.5

119.2
119.2
102.1
117.8
131.8
112.7

119.9
119.8
101.2
116.6
135.0
113.6

118.2
118.4
98.3
137.4
136.9
107.4
99.0
116.3
111.2
88.3

109.1
119.9
95.2
130.6
133.2
100.1
94.1
109.8
109.9
91.2

105.1
116.2
91.9
112.8
137.1
105.7

118.8
113.9

128.9
117.3
103.8
139.5
133.6
115.9
110.7
124.5
116.0
90.0

105.2
115.6
94.6
121.3
132.8
101.9

118.3
115.4
93.5

138.6
119.2
112.4
124.6
126.2
122.7
113.3
139.7
121.8
84.6

106.7
112.2
108.0

104.6
107.8

21

1.63

96.5

96.1

104.5

101.5

108.0

107.8

109.3

103.1

117.2

101.0

83.6

109.7

112.9

22
Textile mill products
221-4
Fabrics
221,2
Cotton and synthetic
Narrow fabrics
224
225
Knit goods
2253,4,7-9
Knit garments
Fabric finishing
226
Carpeting
227
Yarns and miscellaneous
228,9
Cotton and synthetic yarns 2281,2,4

1.79
.47
.39
.04
.48
.35
.17
.21
.46
.25

103.9
99.5
99.1
103.5
115.6
115.0
95.2
97.0
104.0
102.2

108.3
100.8
100.6
114.3
119.8
122.1
90.7
96.4
117.9
116.1

110.6
102.2
101.4
114.6
123.4
125.0
90.4
103.1
118.8
117.4

112.0
104.6
104.1
111.1
121.9
120.6
95.1
101.1
122.2
121.8

112.2
103.7
102.7
112.0
124.9
125.0
94.4
103.1
119.3
118.2

113.5
105.3
104.8
112.9
127.5
129.2
97.2
104.5
119.4
118.6

111.5
104.2

99.2
118.3
117.0

115.1
103.7
104.5
113.9
131.8
129.8
93.6
110.4
121.8
121.7

110.0
102.7
102.9
112.5
117.7
115.8
93.9
103.3
119.7
117.0

101.0
96.7
94.7
115.5
111.5
114.2
84.0
89.4
107.5
96.4

106.5
105.1
104.5
112.2
106.9
105.5
97.7
89.3
118.8
119.2

110.2
105.3

112.2
123.8
125.0

112.3
100.2
100.6
115.8
132.5
139.4
91.4
98.2
120.7
119.0

95.0
119.7
121.4

23

2.18

95.0

96.8

96.9

96.8

97.0

96.6

95.7

100.1

98.8

97.5

96.3

92.7

93.7

24
241,2
241
243-5,9
243
2435,6
245

2.00
.84
.31
1.16
.66
.18
.15

95.8
94.3
83.0
96.8
89.5
86.2
94.5

107.6
100.7
80.7
112.7
100.7
89.9
138.4

106.7
97.4
77.7
113.4
101.0
87.6
142.0

106.7
96.8
80.8
113.9
102.1
89.2
143.1

110.4
102.2
82.4
116.5
101.7
91.4
153.6

110.1
102.7
85.0
115.7
100.5
91.9
153.6

109.1
100.1
81.5
115.7
101.8
88.9
147.4

110.9
104.3
87.9
115.8
103.4
93.1
146.4

112.3
105.4
84.4
117.3
103.4
92.1
156.7

105.1
95.2
81.3
112.4
102.3
87.7
138.8

102.8
94.0
79.8
109.2
99.5
82.3
125.7

105.8
98.1
78.3
111.4
96.7
88.2
137.1

106.6
99.0
75.9
112.1
96.4
89.3
142.6

item
Metal mining
Iron ore
Nonferrous ores
Copper

10
101
102—4,8,9 I
102 I

Coal mining
Oil and gas extraction
Crude oil and natural gas
Crude oil, total
Natural gas
Natural gas liquids
Oil and gas well drilling
Stone and earth minerals
Foods
Meat products
Beef
Pork
Poultry
Miscellaneous meats
Dairy products
Butter
Cheese
Concentrated milk
Frozen desserts
Milk and misc. dairy products
Canned and frozen food
Grain mill products
Bakery products
Sugar and confectionery
Fats and oils
Beverages
Beer and ale
Soft drinks
Coffee and miscellaneous
Roasted coffee
Tobacco products

Apparel products
Lumber and products
Logging and lumber
Logging
Lumber products
Millwork and plywood
Plywood
Manufactured homes

Seasonally adjusted

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




12

111.8
117.0
115.5

Table 6 (continued)
INDUSTRIAL PRODUCTION: INDUSTRY SUBTOTALS AND INDIVIDUAL SERIES

item

SIC

.. , 1992
Value
__554
added1
Index _Sej2L-

Qgt.

Nov.

Dec/

Index. 1987 = 160
I
Not season^ llv adjustedI
"
1995
"Tggr
r
Jan/ Feb/ Sept.
Oct.
Nov. Dec/ Jan,
Feb/

114.8
108.8

113.0
107.5

114.7
109.5

116.0
112.0

115.3
110.7

118.4
111.1

116.3
110.7

112.8
107.6

113.1
108.6

111.0
106.0

114.7
111.7

Seasonallvadiusted

25
251

1.37
.63

99.1
97.4

112.4
106.7

26
261-3
261
262 !
263
265,7
265 i
267 |

3.58
1.53
.15
.89
.49
2.05
.74
1.31

108.9
110.4
109.9
109.8
111.8
107.7
112.3
105.0

118.7
119.6
114.5
116.7
126.6
117.6
125.6
113.2

118.9
118.6
114.9
115.2
126.2
118.7
130.7
112.3

121.3
120.6
112.8
120.1
124.2
121.6
129.1
117.5

121.7
120.1
111.4
119.6
123.8
123.0
133.8
117.1

119.8
120.0
114.2
117.1
127.2
119.5
130.6
113.5

120.1
120.5
114.0
118.2
126.7
119.4
128.5
114.5

118.9
119.5
111.2
117.2
126.5
118.2
127.2
113.3

121.4
119.1
113.7
117.2
124.3
123.0
142.4
112.5

120.0
121.1
112.7
121.0
124.0
119.0
122.2
117.1

114.7
116.9
112.6
114.8
122.1
113.0
114.8
111.9

121.9
122.0
116.6
119.8
128.0
121.6
131.3
116.3

122.6
123.1
116.6
121.1
129.0
122.0
128.2
118.5

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

6.77
1.63
2.03
3.12

97.2
77.0
102.9
105.6

100.9
74.1
106.0
114.5

101.4
74.1
103.9
117.0

102.0
74.6
104.1
118.0

101.6
74.0
103.7
117.8

101.3
74.0
103.0
117.7

101.2
73.6
103.9
117.0

106.9
73.2
105.5
129.7

102.2
74.7
100.9
120.6

100.5
76.1
102.6
114.4

99.7
75.3
105.3
111.2

96.7
71.9
102.6
108.3

97.3
74.5
104.4
106.8

28

9.88

114.7

123.7

123.8

126.2

128.0

129.9

129.1

130.5

125.3

123.5

122.4

123.5

124.6

281,2,6
281
2812
2816
2819

3.84
1.00
.08
.12
.67
.39

113.4
117.1
105.4
114.2
121.1
118.2

124.8
122.7
118.7
127.4
122.1
128.4

124.3
122.1
118.6
120.9
122.4
128.9

126.2
124.4
121.2
123.0
124.9
131.4

127.8
122.1
118.1
114.6
123.3
131.3

128.1
123.5
120.6
130.2
122.1

128.7
120.3
116.2
119.8
119.9

125.9
124.4
117.7
127.8
124.5
133.8

125.2
123.4
118.5
114.8
125.8
133.0

126.2
124.2
121.2
120.5
124.9
133.6

124.9
118.9
119.1
111.8
119.4
123.7

126.1
120.7
120.5
123.5
119.4

129.6
123.9
118.8
123.8
123.7

282
2821
2823,4
286

1.27
.78
.38
1.57

110.4
112.0
105.9
113.9

125.3
125.5
120.5
126.0

123.4
122.5
122.6
126.8

127.5
129.7
121.2
126.7

133.6
138.5
122.1
126.8

133.4
139.6
119.7
126.9

134.8

125.2
124.6
124.0
126.8

126.1
128.2
119.9
127.8

125.5
129.5
116.5
128.5

129.3
135.3
116.2
127.2

136.7

122.7
129.1

127.2
127.8
121.4
126.2

283-5,9
283
284
285
287

5.53
2.92
1.59
.43
.52

115.2
128.6
109.3
95.0
119.7

122.4
141.2
108.5
103.9
131.9

122.3
142.9
104.9
106.2
134.5

125.3
146.7
107.5
107.6
137.3

127.6
149.8
111.6
108.2
136.1

130.3
154.5
111.0
107.8
136.8

129.0
153.5
108.8
107.6
134.2

133.7
158.2
116.5
108.7
131.9

124.5
146.7
105.7
107.9
135.4

120.4
141.6
104.4
93.3
137.6

119.4
142.1
105.6
79.7
136.0

120.5
141.0
104.8
90.9
137.6

120.1
139.7
103.9
102.8
134.9

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

1.42
1.25
.25
.23
.04
.12
.61
.18

102.1
104.3
105.1
109.0
100.8
101.0
103.2
90.4

105.3
106.4
105.1
119.3
95.3
106.4
103.1
98-9

104.0
104.7
109.4
111.4
88.3
106.1
101.3
100.5

107.6
108.5
108.7
112.1
90.2
104.5
109.1
103.7

107.7
108.0
111.4
112.8
91.4
109.9
105.6
108.6

107.4
107.4
111.2
115.8
100.7
101.8
104.5
109.2

107.5
107.8
111.2
116.0
88.8
99.9
106.3
107.4

109.4
109.3
117.5
120.5
91.4
106.1
103.8
111.5

106.3
105.7
109.9
117.5
85.4
104.2
101.4
111.6

109.6
109.4
101.0
120.0
94.5
106.1
110.5
112.4

108.0
108.9
96.6
118.6
98.6
114.3
110.0
104.3

100.2
102.3
90.3
112.0
102.7
105.5
102.9
89.3

99.3
101.2
96.4
107.3
92.4
99.8
101.8
88.8

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

3.50
.39
,58
2.53

115.6
120.5
105.7
117.3

134.7
123.2
121.3
139.5

136.7
133.9
122.3
140.4

138.3
136.7
123.1
141.9

140.0
139.2
125.1
143.7

140.6
139.3
127.2
143.9

140.7
141.9
126.9
143.8

136.9
125.0
127.0
141.0

139.2
143.7
125.4
141.9

138.2
129.4
122.9
143.2

138.2
117.9
121.7
145.1

138.5
143.2
120.3
142.2

140.1
156.3
125.1
141.3

31
314

.27
.12

89.0
81.8

85.4
77.4

85.6
77.4

84.5
76.1

84.4
77.1

82.9
75.4

82.7
75.4

87.5
79.2

87.4
78.2

86.2
77.1

84.9
77.9

81.2
75.0

80.7
72.6

95.3 105.8 105.4
100.2 100.8 97.3
93.5
93.6
88.2
91.7 104.1 102.9
87.8 | 102.6 102.5
92.3 I 101.1 101.5

106.9
101.4
95.2
103.8
102.6
102.0

110.1
101.1
93.6
114.7
102.1
105.7

108.2
98.9
89.8
105.9
101.4
103.9

106.8
96.8
87.4

108.4
99.6
90.9
124.0
106.8
102.1

110.1
101.1
92.7
125.5
108.5
104.4

107.5
99.0
89.3
102.5
104.4
104.0

104.3
85.7
68.7
83.2
95.8
105.6

101.1
91.9
82.1
65.9
91.9
101.0

102.3
97.6
91.0

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

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

2.07
.35
.18
.13
.10
1.18

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




13

100.8
103.1

125.0
127.5

97.0
99.9

Table 6 (continued)
INDUSTRIAL PRODUCTION: INDUSTRY SUBTOTALS AND INDIVIDUAL SERIES
••
Item

_
_

Primary metals
Iron and steel
Basic steel and mill products
Basic iron and steel
Pig iron
Raw steel

1992

Dec/

Index. 1 9 8 7 = 1 0 0
~"
I_ _ Z T
Not seasonallv adjusted
1994
1995
1995
Jan/
Feb/
Sept.
Oct.
Nov. D e c /
Jan/

Feb/

119.1
121.9
124.6
110.2
115.5
114.2

123.0
129.3
133.0
116.6
122.9
121.9

121.4
125.9
128.7
111.2
116.8
114.6

119.7
124.2
127.4
112.6
117.9
117.2

117.3
119.8
121.5
105.0
108.8
108.8

116.9
119.9
121.7
106.6
111.2
109.7

117.7
121.3
123.0
110.0
116.3
111.9

117.0
121.8
124.2
112.9
120.1
114.4

119.8
122.8
127.0
111.7
117.4
115.1

122,7
127.8
131.8
114.9
120.1
121.1

125.8
120.9
112.0
135.3
97.3
131.3
111.0

129.0
132.1
113.7
142.2
107.3
131.1
113.2

138.1
157.2
116.1
153.2
135.5
134.6
118.5

134,1
129.4
108.5
154.7
81.1
142.4
116.9

132.0
132.2
110.2
139.8
96.7
138.7
114.0

126.6
131.3
105.9
142.8
93.8
129.8
114.1

126.3
127.5
109.6
142.5
87.6
130.3
114.1

127.0
131.0
111.8
144.7
97.0
128.7
115.4

127.8
124.1
108.6
138.8
153.4
128.7
114.1

131.8
126.5
112.7
143.4
70.6
141.3
109.6

137.0
139.7
120.6
141.2
87,6
143.8
115.3

Seasonallvadiusted

Value
added 1

Index

Sept.

Oct.

Nov.

3.10
1.75
1.33
.30
.18
.09

101.9
105.1
106.9
102.4
106.9
101.2

116.0
118.2
120.0
105.3
108.9
109.9

115.9
118.8
121.2
106.5
111.5
109.0

1.03
.16

SIC

108.4 124.5
98.0 128.4
93,6 107.9
108.8 1 137.1
93.4 I 95.2
116.3 127.4
99.0 112.5

33
331,2
331

1994

**

Steel mill products
Consumer durable steel
Equipment steel
Construction steel
Can and closure steel
Miscellaneous steel
Iron and steel foundries

332

.11
.11
.05
.61
.41

Nonferrous metals
Primary nonferrous metals
Copper
Aluminum

333-6,9
333
3331
3334

1.35
.20
.06
.09

97.6 112.7
117.1 115.7
124.8 1 136.4
120.5
97.8

111.8
114.8
134.3
97.4

115.2
114.4
131.2
97.4

114.8
113.9
129.3
98.8

115.3
115.5
133.2
98.8

113.7
113.8
130.8
98.6

113.7
115.9
138.4
97.1

112.5
116.2
134.8
97.6

112.9
115.3
134.6
98.1

110.7
113.7
128.8
98.7

115.6
115.9
130.8
98.9

115.9
118.1
135.6
98.7

Nonferrous products
Nonferrous mill products
Aluminum
Nonferrous foundries

335,6
335
3353-5
336

.96
.73
.28
.23

89.2 j 107.0
89.0 105.7

106.1
104.5
102.4
111.0

110.3
109.5
117.2
113.0

109.4
108.1
108.6
113.8

109.7
107.7
110.9
116.1

108.3
106.1
108.8
115.0

107.8
106.7
109.1
111.2

106.5
104.8
103.3
112.0

106.9
104.6
103.2
114.1

104.8
101.1
92.8
116.4

110.8
109.2
115.1
115.6

109.7
108.0
112.8
115.0

115.9
117.0
102.2
99.5
114.3
120.2
125.0

88.5 I 110.0
89.9 110.8

34
Fabricated metal products
341
Metal containers
342
Hardware, tools, and cutlery
3423,5,9
Hardware and tools
344
Structural metal products
Other fabricated metal products 3 4 5 - 9 |
345-7
Fasteners, stampings, etc.

5.02
.22
.54
.47
1.28
2.79
1.55

98.8 |
107.9
94.3 I
92.2
94.8
101.2
102.8

112.2
111.6
100.9
98.4
109.1
116.6
121.0

113.3
112.2
103.1
100.4
109.9
117.6
121.8

115.3
134.1
103.6
100.8
110.6
119.5
125.7

116.3
119.6
103.5
100.5
113.3
120.7
126.8

115.1
114.7
107.6
105.7
111.0
118.8
125.7

114.4
100.9
103.6
101.2
112.1
119.0
125.1

113.9
97.9
102.8
99.6
112.4
118.6
122.7

114.6
115.4
100.8
97.2
114.0
118.3
120.4

111.3
105.3
97.4
94.0
110.5
115.8
116.9

113.1
98.7
100,7
97.9
109.2
119.1
123.6

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

7.91
.45
.44
.76
.99
.69
1.07
.31
.76
1.72
.80
.99

124.6 164.6 166.5
99.9 | 117.5 117.9
114.3 1 159.7 157.6
99.6) 119.3 120.7
106.0 | 130.3 131.9
102.7 127.3 130.0
109.0 117.6 120.3
96.0 99.3 100.1
115.3 126.3 130.1
172.8 295.8 300.5
106.7 147.0 149.6
112.4 128.1 127.0

167.5
121.1
154.2
120.9
130.7
132.5
117.9
98.8
127.1
305.7
148.6
130.6

168.5
119.5
153.3
120.8
129.0
134.7
119.0
101.6
127.4
311.9
143.1
134.3

171.3 171.4 169.3
123.2 123.6 117.4
154.1 153.0 1 152.0
123.4 124.5 118.9
130.6 130.5 I 139.3
135.4 137.1 j 127.9
121.6 120.0 i 123.6
101.7 101.2 ! 99.1
131.2 129.0 135.4
317.5 324.8 307.7
148.8 142.0 I 145.6
135.4 133.4 136.9

167.1
118.5
151.0
120.8
132.8
129.5
120.4
99.3
130.5
310.9
140.8
128.7

163.0
123.3
150.8
120.3
128.3
133.9
116.7
100.2
124.7
295.5
132.4
127.4

163.3
125.4
153.6
124.0
122.9
139.3
116.0
104.7
121.4
299.7
126.1
127.0

163.4
123.4
157.3
123.7
121.3
136.3
115.8
102.6
122.2
298.9
136.0
124.3

168,4
124.3
160.4
123.7
127.0
136.9
118,1
101.6
126.0
312.3
142.3
128.7

168.8
112.4
100.7
119.2
115.4
115.3
108.8
127.2
113.4
125.3

172.5
110.8
100.0
128.0
129.9
129.3
118.6
131.0
113.1
137.9

173.2

173.8

170.5
110.0

173.6
107.3

170.1

111.1
102.1
122.8
115.8
124.8
120.8
125.5
114.9
116.6

168.2
118.0
113.6
131.1
125.1
140.5
123.2
133.0
118.6
120.2

169,2

111.4

106.6

172.2
108.1

98.8
115.9
121.0
98.9
106.1
126.2
124.9
118.9

96.9
110.5
106.1
90.2
98.1
126.7
117.0
126.4

91.9
120.4
118.0
115.0
119-6
124.4
109.6
116.1

98.3
129.1
123.3
132.4
133.1
128.3
106.0
127.6

151.7
156.3
239.1
142.2
148.2

132.8
159.9
245.4
141.3
135.8

132.4
167.0
250.9
139.9
120.5

121.2 119.8
174.6 163.9
257.8 256.3
143.6 137.5
125.0 98.5

121.6
160.9
259,7
136.7
98.1

113.3 110.8
147.5 141.0
117.7 108.4
181.0 178.4
183.2 ! 181.4
191.0 188.0
173.1 172.9
152.9 146.8
126.8 132.1

114.6
149.0
120.6
192.1
195.5
202.5
186.5
146.3
154.7

110.6
140.4
106.9
173.1
176.1
181.8
168.7
150.9
105.9

107.6
133.4
100.1
147.9
148.7
154.3
141.6
155.2
101.9

108.9
138.5
106.4
162.9
164.6
168.0
160.4
152.1
123.7

115.4
152.3
124.6
189.7
191,9
197.6
184.6
153.1
136.0

81.6
75.8
92.4
88.9

82.1
76.7
94.0
88.1

82.9
77.8
96.9
87.8

80.5
74.9
94.7
86.2

80.0
74.5
95.4
84.9

I
!
I
I
!
|

111.6
108.8
102.0
99.7
107.9
116.1
120.8

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

361,2
361
363
3631
3632
3633
3634,5,9
3634
3639

7.30
.94
.31
.47
.07
.10
.09
.21
.08
.06

121.9 165.0 166.9
103.2 112.6 112.1
98.7 105.9 101.4
106.6 126.6 120.1
95.7 125.0 110.8
112.4 134.6 114.3
108.3 122.5 119.9
107.5 125.8 126.4
98.5 110.8 113.3
102.3 120.4 121.7

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

365
366
367
369
3691

.21
1.61
2.71
.68
.11

128.4 127.9
122.4 156.7
146.4 239.2
109.9 135.7
92.7 121.3

118.6 125.3
159.8 163.7
244.1 247.9
135.6 134.0
115.7 107.5

123.1 129.3 129.0
167.8 165.2 162.7
252.8 257.6 260.8
139.9 138.8 140.8
122.4 105.2 108.0

Transportation equipment
Motor vehicles and parts
Autos
Trucks and truck trailers
Trucks and buses
Consumer trucks
Business vehicles
Motor vehicle parts
Motor homes

37
371

9.64
4.82
1.56
1.28
1.22
.71

105.1
107.4
89.5
121.1
123.1
125.6
120.1
114.4
87.8

108.8
137.4
102.6
174.9
177.9
181.5
173.4
145.2
135.8

109.0
138.4
105.6
171.5
173.9
175.5
172.0
146.9
146.1

110.5
141.4
106.9
178.6
181.2
185.8
175.5
149.5
129.3

111.9
144.6
114.2
175.8
177.7
187.3
165.2
151.8
136.2

112.5
146.1
117.7
176.2
178.2
184.6
170.0
152.1
135.1

103.0
108.3
97.2
95.2

81.4
75.7
92.8
88.7

80.8
75.9
91.9
86.5

80.9
75.7
93.5
86.5

80.6
75.4
95.4
85.5

80.3
74.1
95.6
86.4

Aerospace and miscellaneous
transportation equipment
Aircraft and parts
Ships and boats
Railroad and miscellaneous

36

3714
3716

I

372-6,9
372 I
373 i
374-6,9

-51

1.93
.04
4.82
2.95
.51
1.36

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



14

97.5
123.7
113.2
128.7
122.2
126.2
116.6
116.8

80.5
74.6
95.1
86.3

81.9
78.5
91.7
88.9

112.7
104.1
130.2
132.2
122,4
129.8
133.3
124.4
132.7

Table 6 (continued)
INDUSTRIAL PRODUCTION: INDUSTRY SUBTOTALS AND INDIVIDUAL SERIES
Index, 1 9 8 7 = 1 0 0
SIC

Item

1992
Value
Index
added 1

Seasonallvadiu sted
1994
Sect.

Oct.

Dec/

Nov.

1995
Jan. r

Feb/

1994
SeDt.

Not seasonallv adjusted"
1995
Oct.
Nov. D e c /
Jan/

Feb/

38
381-4
384

5.37
4.34
1.55

106.3
106.4
137.5

108.0
108.0
160.3

108.2
108.4
159.8

107.7
107.8
156.5

108.9
109.2
161.2

108.5
108.9
161.8

107.8
108.0
160.5

111.5
112.2
174.9

109.2
109.6
165.2

107.7
107.7
154.7

108.3
108.4
153.4

106.3
106.2
150.2

105.9
105.7
151.2

Misc. manufactures
Consumer goods
Business supplies

39
391,3,4,6
395,9

1.32
.67
.65

106.3
105.2
107.5

117.0
110.4
124.0

118.4
111.2
125.9

118.6
111.7
126.0

117.6
111.5
124.2

119.1
112.9
125.6

120.2
112.5
128.3

119.6
112.8
126.9

122.9
116.9
129.2

122.6
117.6
127.8

118.9
112.3
125.9

115.6
108.9
122.7

116.3
109.5
123.4

Electric utilities
Generation
Fossil fuel
Hydro and nuclear

491,3pt

6.14
2.63
1.32
1.31

111.7
111.3
103.6
121.4

117.1
116.2
106.0
129.3

117.9
117.4
107.7
130.0

117.5
117.5
103.5
135.1

116.5
114.4
101.5
130.7

117.2
116.3
102.2
134.1

120.3
119.6

120.1
114.8
108.6
123.1

109.6
105.9
101.5
112.0

109.7
110.8
98.7
126.2

118.0
117.0
101.9
135.9

124.5
122.7
105.0
144.7

120.5
122.6

3.51
1.43
2.08
1.21
.87

112.0
109.9
113.4
112.8
114.2

117.8
114.9
119.8
119.3
120.4

118.2
115.8
119.9
120.1
119.4

117.6
114.2
119.9
120.7
118.8

118.2
114.4
120.8
121.4
119.8

117.9
114.1
120.5
120.9
119.9

120.9

124.2
120.3
126.9
129.2
123.4

112.4
101.0
120.4
119.5
121.6

108.9
100.2
115.0
113.0
117.6

118.7
121.0
117.1
117.7
116.1

125.9
136.4
118.3
120.1
115.7

118.8

1.57
.64
.28
.46

112.7
108.7
115.4
114.5

114.2
104.7
119.4
119.2

114.4
104.2
122.1
119.0

112.3
103.0
116.6
116.5

109.8
101.3
110.1
115.2

111.3

113.3

67.1
36.8
61.8
91.1

84.8
61.5
85.0
101.8

116.7
109.6
122.5
119.8

160.8
175.8
170.4
145.9

189.7

173.8

Instruments
Scientific and medical
Medical instruments

Sales
Residential
Nonresidential
Commercial and other
Industrial
Gas u t i l i t i e s
Residential
Commercial and other
Gas transmission

492,3pt

122.7

115.3

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

Table 7
INDUSTRIAL PRODUCTION: GROSS VALUE OF PRODUCTS
Billions of 1987 dollars at annual rates, seasonally adjusted
1987

1994

1993
Q4

1994
Q1

Q2

Q3

Q4 r

1995
Q1P

1994
Oct.

Nov.

Dec/

1995
Jan/

Feb/

Mar.P

1707.0

2006.2

1944.8

1975.9

1993.0

2012.6

2038.1

2063.1

2020.4

2037.2

2056.5

2062.6

2065.9

2060.8

1314.6

1576.3

1531.7

1556.9

1564.2

1580.0

1599.3

1622.6

1584.4

1598.4

1615.1

1621.0

1625.7

1621.2

Consumer goods
Durable
Automotive products
Other durable goods
Nondurable

866.6
226.1
114.9
111.2
640.5

982.5
272.5
143.1
129.4
710.0

964.9
266.1
135.9
130.2
698.8

977.8
274.7
146.4
128.3
703.1

978.7
268.5
138.7
129.8
710.2

982.6
271.0
139.9
131.0
711.6

988.4
274.7
145.3
129.3
713.7

999.9
278.9
150.3
128.6
720.9

977.0
270.3
141.6
128.7
706.7

988.5
273.8
145.0
128.8
714.7

999.6
279.9
149.4
130.5
719.7

1000.2
281.0
150.0
131.0
719.2

1002.3
280.7
152.0
128.6
721.7

997.1
275.1
148.9
126.3
721.9

Equipment, total
Business and defense
Business
Defense and space

448.0
430.5
335.4
95.1

593.8
574.9
509.7
65.2

566.7
548.9
479.5
69.4

579.1
560.4
493.0
67.4

585.5
566.4
499.9
66.5

597.4
578.5
514.7
63.7

610.9
591.9
528.6
63.3

622.7
603.5
541.1
62.4

607.3
588.4
525.1
63.4

609.9
591.2
527.8
63.4

615.5
596.1
532.9
63.2

620.8
601.3
538.4
62.9

623.3
604.0
541.6
62.3

624.1
605.3
543.2
62.1

392.5
162.7
229.8
60.3

429.8
174.5
255.3
70.1

413.1
166.6
246.5
68.0

419.0
168.4
250.6
70.0

428.8
173.1
255.7
70.3

432.6
176.4
256.2
70.5

438.7
180.2
258.6
69.6

440.5
182.2
258.3
68.7

436.0
178.9
257.2
69.8

438.8
179.0
259.8
69.4

441.4
182.6
258.8
69.6

441.5
183.4
258.2
68.4

440.3
181.4
258.8
69.2

439.6
181.7
257.9
68.6

Item
Products, total
Final p r o d u c t s

Intermediate products
Construction supplies
Business supplies
Commercial energy products

k

Table 8
DIFFUSION INDEXES OF INDUSTRIAL PRODUCTION
Percent
Year
One Month Earlier
1993
1994
1995
Three Months Earlier
1993
1994
1995
Six Months Earlier
1993
1994
1995

Jan.

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.

Oct.

Nov.

Dec.

60.8
47.8
51.6

60.4
58.0
48.0

47.5
69.0

51.0
55.5

48.2
66.7

56.5
56.5

57.3
58.0

54.9
51.8

55.3
47.3

52.9
57.6

61.2
62.2

62.0
65.1

59.2
62.0
69.8

61.6
59.2
60.4

59.2
64.3

50.6
67.8

44.3
71.8

53.3
64.7

58.0
65.5

60.0
60.4

56.5
61.2

55.7
59.2

58.4
58.4

66.7
70.6

58.8
60.0
65.5

70.6
66.3
61.6

63.1
71.8

63.9
67.8

56.9
71.0

58.4
66.3

58.0
72.9

52.5
69.4

56.1
65.9

62.4
65.9

64.3
65.5

69.0
71.0

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

Dec/
116.8

Index. 1987= 100
"
I
Not seasonally adjusted
1995
1994
1995
Jan.r Feb.P Sept.
Oct.
Nov. Dec/
Jan/
118.1 115.9 119.5 117.4 115.2 114.8 114.2

Feb.P
111.9

117.0
110.1
123.2
109.6

117.4
111.4
122.7
109.2

118.6
112.6
124.0
110.1

116.4
110.5
121.6
109.3

120.1
112.8
126.5
110.9

117.9
111.1
124.0
109.4

115.6
109.1
121.4
109.7

114.9
108.5
120.7
112.8

114.3
108.0
119.9
113.2

112.2
107.3
116.5
109.1

136.6
134.7
146.2

144.9
147.0
150.8

142.7
147.6
142.8

147.5
142.6
153.6

142.9
143.2
148.6

145.5
134.7
149.1

137.7
139.6
145.0

143.1
142.9
149.6

145.8
146.5
151.4

149.4
145.4
155.5

139.3
135.6
146.7

102.6

101.4

98.4

101.1

98.0

101.3

95.7

98.6

101.1

107.5

110.8

113.2

33.0
27.7
3.7

98.8
101.4
81.8

99.5
101.4
90.3

97.4
96.6
85.0

95.9
95.9
91.2

95.3
95.0
86.2

94.2
94.3
82.5

99.9
101.2
82.6

99.6
101.5
86.0

95.4
95.4
82.3

99.8
100.2
92.0

98.9
98.7
89.5

92.6
93.4
78.7

14
142
144
147

12.3
3.5
2.9
3.9

116.0
122.7
125.8
106.1

111.7
138.8
120.3
93.3

114.6
142.2
119.2
95.4

114.3
138.6
118.6
102.0

120.6
158.4
119.0
106.7

119.0
147.8
118.2
109.9

119.7
134.3
135.2
105.3

116.0
150.0
131.1
93.6

118.7
153.8
129.0
95.1

114.6
140.2
118.2
102.0

110.2
128.7
100.2
103.4

109.5
120.2
98.1
107.3

20
201
202
203
204
205
206
207
208
209

52.9
8.7
6.5
6.6
10.9
3.3
3.7
3.4
5.9
3.9

122.2
135.8
109.8
123.1
128.4
131.1
138.3
136.8
112.6
107.3

120.9
136.7
108.5
119.5
127.8
128.9
138.6
142.5
105.7
104.7

123.6
138.1
110.2
125.6
131.9
128.7
149.2
137.7
109.4
105.0

124.0
139.1
112.8
127.4
131.7
129.1
146.1
132.6
108.5
106.8

125.5
139.6
117.3
129.7
131.6
131.7
150.6
141.9
107.9
107.8

124.9
138.9
113.3
130.6
133.7
130.8
148.9
136.5
108.3
104.6

134.1
148.6
117.7
149.6
134.0
143.8
138.7
136.4
127.3
117.5

126.6
139.8
107.3
139.3
132.6
133.0
148.9
141.1
111.0
109.6

123.8
135.9
105.0
127.8
135.1
126.1
173.5
143.8
105.9
104.3

120.2
133.3
106.2
118.2
132.6
122.5
167.8
142.7
99.9
102.1

118.7
131.0
109.4
114.2
129.3
121.9
159.2
152.1
97.0
101.2

115.7
126.6
103.3
114.3
130.5
118.8
153.1
139.7
95.1
96.1

21

1.7

81.6

81.8

84.3

90.2

103.1

96.1

90.9

88.9

81.1

85.6

92.3

94.4

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

22
221-4
225
226
228
229

29.9
11.6
3.4
2.2
8.4
2.9

115.3
104.0
141.1
122.5
116.4
127.3

118.1
105.5
144.6
121.2
124.6
124.8

119.4
107.9
139.5
125.7
123.0
131.0

118.2
103.7
144.6
122.2
124.2
130.3

124.7
110.7
152.0
128.5
133.2
134.3

119.0
104.6
141.4
126.5
124.5
133.0

127.4
114.5
160.8
131.2
128.6
139.9

122.8
109.5
149.9
126.1
130.2
129.7

115.0
103.5
133.8
123.6
117.6
127.1

111.0
97.2
132.0
119.6
116.4
123.6

104.3
92.3
124.0
111.3
108.0
118.1

110.5
97.1
130.4
119.7
114.6
125.2

Apparel products
Men's outerwear
Women's outerwear

23
231,2
233

6.6
1.9
1.9

101.4
105.2
84.7

103.9
113.7
87.0

107.5
120.4
86.0

109.6
123.8
91.8

110.4
124.4
91.0

107.7
120.7
91.3

120.1
128.5
101.2

107.8
118.1
90.2

101.8
113.1
80.5

98.6
108.6
81.8

95.1
104.1
79.5

99.0
107.7
82.3

Lumber and products
Lumber
Millwork and plywood

24
242
243

21.6
7.9
5.7

119.6
108.5
109.9

118.9
109.0
109.9

121.3
114.2
110.1

119.7
110.7
109.5

123.1
114.6
112.6

122.3
111.7
113.4

120.9
109.3
111.1

117.8
108.3
109.2

121.6
115.1
111.5

120.3
111.6
109.8

123.8
115.6
112.9

124.5
115.4
114.4

Furniture and fixtures
Household furniture

25
251

5.7
3.2

119.4
111.8

121.5
113.5

122.6
114.4

122.4
115.3

123.3
116.9

123.5
116.3

127.0
116.8

124.1
116.4

120.8
113.2

120.4
114.3

117.0
111.7

122.9
117.7

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

120.5
95.9
119.8
127.1
126.7
119.0

120.9
96.5
119.4
127.2
125.2
125.4

118.8
96.2
116.1
130.6
131.5
116.1

120.0
100.9
117.0
132.3
128.2
119.4

119.1
105.1
116.5
127.7
126.9
116.1

120.6
105.5
119.4
131.2
125.0
111.6

121.5
95.9
118.6
128.3
132.8
125.9

121.5
99.3
119.4
129.0
125.4
127.6

119.2
99.9
116.7
129.6
129.5
116.5

119.6
99.5
117.2
133.7
125.5
116.9

119.5
106.1
118.7
128.5
121.6
111.5

118.3
103.5
117.1
131.1
122.7
109.0

Printing and publishing
Newspapers
Commercial printing

27
271
275

15.7
3.4
8.2

132.7
120.7
136.7

136.1
120.4
138.8

136.2
122.2
140.3

135.8
123.5
139.4

134.9
120.3
140.3

135.4
123.6
139.6

149.0
132.9
154.7

139.8
122.8
143.3

131.6
116.4
136.5

128.8
117.9
132.0

125.5
114.7
128.8

123.8
113.2
127.7

146.2 124.4
61.8 128.8
14.1 104.9
29.1 157.1
10.9 I 105.0
18.2 194.0

124.6
129.8
110.7
155.3
102.5
192.8

127.8
134.0
108.2
158.6
104.6
196.9

126.2
131.7
113.6
158.2
105.3
195.7

126.5
130.2
103.1
156.6
107.0
191.8

123.5
127.2
104.3
150.0
109.0
179.1

126.4
128.4
105.7
151.8
103.9
185.7

126.5
132.4
109.2
158.6
102.4
198.4

125.1
131.2
106.5
155.0
103.5
191.6

125.2
131.8
113.3
158.6
106.1
195.8

125.4
130.5
102.7
158.2
110.9
191.7

119.2
123.1
101.1
143.5
107.1
169.3

1987
Billion
KWH
1987 SIC I
850.7

1994
Sept.
115.5

Qct.
115.5

Nov.
116.5

776.5
351.3
425.2
74.2

115.8
109.4
121.5
111.4

115.9
109.5
121.7
109.1

14.6
6.3
4.8

145.1
137.3
145.0

12

13.4

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

13
131
132

Stone and earth minerals
Crushed stone
Sand and gravel
Chemical and fertilizer materials
Foods
Meat products
Dairy products
Canned and frozen food
Grain mill products
Bakery products
Sugar and confectionery
Fats and oils
Beverages
Coffee and miscellaneous

item

Total
MAJOR INDUSTRY GROUPS
Manufacturing
Durable
Nondurable
Mining
INDUSTRY GROUPS and SERIES
10
Metal mining
101
Iron ore
102
Copper ore
Coal mining

Tobacco products

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




Seasonallvadiusted

16

Table 9 (continued)
ELECTRIC POWER USE: MANUFACTURING AND MINING

item

1987 |
Billion j _ ^ _
KWH
Sept.
15S7SIC 1

Oct.

Nov-

Dec/

Index. 1987=100
I
1995
1994
Jan/
Feb.P
Sept.

Seasonallvadiusted

Not seasonally adjust^
1&5
Nov.
Dec/
Jan/

Oct.

Feb.P

Chemicals and Products (cont.)
Synthetic materials
282
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

116.4
121.0
124.0
111.7
114.7
125.6

115.2
118.4
127.0
108.1
108.7
127.3

115.9
118.3
131.3
110.8
114.2
128.8

115.4
120.7
133.9
115.8
113.2
126.5

118.5
124.1
137.2
115.1
110.6
127.7

116.3
120.7
135.2 i
110.2 !
108.3
124.2 |

120.4
126.1
140.2
120.0
121.0
125.7

115.2
118.3
129.0
108.9
113.4
127.6

113.7
118.0
125.3
107.6
112.9
128.2

113,0
119.0
125.6
109.6
112.0
128.5

115.6
122.4
125.1
108.7
110.0
129.2

111.7
117.5
122.9
105.2
105.8
123.2

29

40.1

107.2

105.7

106.2

104.7

109.2

102.9

110.9

105.8

104.0

106.1

108.3

97.2

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

30
301 I
306 |
308

33.1
3.6
3.1
24.9

139.9
113.2
116.0
147.6

139.6
115.6
116.6
145.9

140.9
118.9
115.9
146.9

142.7
121.9
117.7
148.4

143.1
119.4
120.6
149.2

142.1
119.4
120.1
146.7

147.0
123.2
121.1
154.1

143.9
120.1
119.4
150.3

140.7
118.6
115.8
146.9

137.3
110.9
114.9
143.7

132.7
109.9
114.9
137.8

139.2
114.0
118.6
144.1

Leather and products
Shoes

31
314

1.0
.4

99.6
93.4

98.1
94.3

97.0
92.9

98.8
99.3

100.3
99.7

97.9
95.6

107.6
103.0

98.1
93.7

95.1
90.4

94.6
91.6

94.2
90.2

95.1
90.0

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

32
321 I
322
324
325 |
327

33.8
1.7
6.7
10.1
1.6
5.1

106.3
104.4
102.3
105.4
111.9
91.8

105.0
110.9
102.7
102.8
111.6
94.9

108.3
112.9
106.1
109.2
113.8
94.6

108.3
112.0
104.6
108.3
111.8
98.1

112.3
109.3
104.0
119.8
115.5
95.6

108.9
112.3
101.6
111.8
118.6
93.2

109.9
109.5
104.7
111.2
116.9
94.8

109.6
112.2
105.7
112.6
112.7
98.1

109.9
113.2
105.3
113.5
114.9
97.4

107.8
110.5
101.2
109.3
114.0
98.4

105.2
104.2
98.7
105.4
110.7
91.0

100.6
108.9
98.8
89.4
113.0
88.1

Petroleum products

Primary metals
£?a:?<c stt.el and vM --ic-ducts
;
ro^ and steel founano;;.
"-'\-.r-_ •lonterreus r-.?*ais
- u^iHum
Kk:nferrous four dries

33
331 i
332 I
333 !
3334 !
336

137.9 I 107.5
54.4
118.9
9.9 I 121.6
55,8
83,5
51.2
75,1
2.7 122.0

108,1
119.1
121.3
84.9
75.5
121.2

107.2
119.4
124.3
82.4
75.2
122.6

109.6
121.3
128.9
84.9
78.0
125.0

110.3
124,3
128.1
85.4
78.3
124.1

107.1
122.0
125.4
81.1
75.3
121.0

107.5
118.8
124.4
82.7
73.8
125.6

109.4
120.0
124.6
86.1
77.1
124.5

107.4
119.9
126.2
82.2
74.3
123.9

108.7
118.6
124.9
86.2
78.5
122.0

109.4
123.3
120.2
85.7
78.3
117.7

105.2
122.4
126.7
76.9
70.3
120.9

s-^ricete-l iraetaf products
Msiai containers
Hardware, tools, and cufery
Structural metal products
" asieners
~
Molai stampings

34
341
342
344
345
346

31.5
115.3
2,5 | 131.1
2.7
113.6
5.6 106/1
1.7 I 110,5
7.1 j 127.6

115.0
135,4
110.7
113.1
111.2
126.4

115.2
134.5
114.5
112.4
109.3
127.0

118.1
133.6
115.0
114,3
113.9
133.6

119.0
138.6
114.8
115.6
111.2
136.8

116.4
133.9
113.2
110.1
109.4
134.1

120.3
135.7
120.5
110.9
116.3
132.7

116.8
134.4
113.8
112.7
115.5
130.7

114.7
130.3
113.6
112.9
108.7
128.3

113.3
125.7
110.9
111.0
107.5
128.3

111.9
130.6
107.3
111.7
103.0
124.6

116.3
133.1
111.3
113.1
108.3
131.7

industrial machinery
gr.d 3q.i ! pment
Engines ana turbine,.
Farm
Cons^ucacn and a#3d
Metaiworking
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

114 2

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

Transportation equipment
Motor vehicles and parts
Aircraft and parts
Ships and boats
Instruments
Photographic equip. & supplies
^Iseeifaneous manufactures

"mm^^^^m^^m^

Total, excluding nuclear nondefense
Utility sales to industry
industrial generation




!
!
!
!
;
!

113.8
116.9
138.7
94.3
134.6
110,6
115,4
I 92,6
i 146.8

117.5
146.7
93.6
135.0
110.8
118,8
89,7
148.9

114.9
117.8
152.0
95,4
133,7
106.4
116.1
92,0
149.5

115,3
118.9
154,5
96.2
132,0
110,6
116.4
93.8
149,0

116.2
120.2
145.9
97,8
133.6
113.2
120.4
93.1
150.6

114.5
115.6
142.3
93.2
131.7
111.5
117.7
93.6
145.2

121.5
122.4
146.6
100.9
143.7
118.3
123.5
96.4
157.2

115.6
117.3
143.1
95.9
135.8
111.6
119.1
92.8
150.9

112.4
114.9
147.2
94.9
131.2
105.1
113.8
89.0
144,9

110.0
112.9
143.5
93.2
125.6
106.3
110.9
90.1
139.6

108.6
114.5
147.4
90.3
124.1
105.5
112.0
87.7
137.5

112.0
113.5
150.3
90.7
128.1
108.6
114.8
90.0
138.9

31.3 !
1.4 i
4.1
2,5
2.9
.6
3.1
12.8

109,6
82.5
111.5
96.2
109.9
146.4
90.8
119.4

110.4
78.9
113.1
98.7
113.8
146,1
91,4
120.9

110,5
78,2
113.8
99.0
112.9
151.3
91,0
119.6

111.5
77.6
111.7
94.8
116.3
145.8
95.8
122.3

112.8
74.3
113.9
93.6
116.0
150.8
95,3
126.0

112.1
79.0
111.2
98.6
115.5
152.1
94.2
125.3

117.9
88.4
115.6
103.4
116.7
157.0
99.5
128.5

112.3
80.9
112.5
99.9
115.2
150.8
92.9
122.5

108.3
76.7
111.1
94.6
111.7
149.9
88.2
117.0

107.6
75.1
108.1
86.9
111.6
143.2
91.7
118.3

105.7
70.0
109.7
87.2
106.9
142.7
88.0
118.2

107.5
76.0
108.7
95.5
114.3
144.9
88.3
118.8

37
371
372 i
373

38.3
21.9
10.1
2.1

102.6
100.9
92.4
104.0

102.9
102.7
92.1
105.4

105.3
105.2
93.5
102.8

104.8
106.7
90.1
106.2

105.4
107.4
89.6
107.3

104.8
104.7
86.0
108.6

108.2
107.1
97.0
104.4

104.8
104.9
94.2
101.0

102.6
102.6
90.9
102.0

99.2
100.0
86.3
106.3

98.8
99.4
84.9
108.2

101.1
100.9
82.6
110.8

38
386

13.1
1.7

110.5
97.2

107.2
92.8

107.7
93.6

110.3
92.5

113,2
102.0

113.0
100.5

119.7
102.4

109.8
92.7

105.6
89.5

105.8
90.5

105.6
95.7

106.8
94.5

39

4.6

139,4

137.6

137.7

140.8

139.9

141.1

150.2

140.9

135.3

132.8

130.3

136.8

832.5 113.0
765.4 114.4
85.3 | 117.9

113.0
114.1
117.9

114.0
115.0
117.4

114.3
115.9
115.5

115.7
117.3
118.5

113.9
115.3
111.1

117.4
118.7
114.6

114.8
116.3
117.2

112.8
114.3
113.8

112.2
113.5
119.0

111.8
112.8
121.9

110.1
111.1
108.2

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. 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
1987, the total IP index has been constructed from 255 individual series based on the
1987 Standard Industrial Classification (SIC). These individual series are classified
and grouped 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 mondis 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. In 1993, a revision that converted the indexes to
the 1987 SIC from 1987 forward was published.
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
Bureau of Mines; 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 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
the 1982-86 period. The other weight years in the postwar period are 1977, 1972,
1967, 1963, 1958,1954, and 1947. The 1992 value-added weights used to aggregate
the index are shown in the first column of tables 1, 2, and 6, in the "Value added"
column under the heading "1992."
Seasonal adjustment. Individual series are seasonally adjusted by the X-l 1ARIMA
method, developed at Statistics Canada. For series based on production-worker
hours, the current seasonal factors were estimated with data through OctGber 1994;
for other series, the factors were estimated with data through at least June 1994. In
some cases, series were preadjusted for the effects of holidays or the business cycle
before using X - l l 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.



18

Reliability. The average revision to the le^el of the total IP index, without regard to
sign, between the preliminary estimate and its third revision (or from the first and the
fourth estimates) was 0.35 percent during the 1972-92 period. The average revision
to the percent Change in total IP, without regard to sign, from the first to the fourth
estimates was 0.26 percentage point dunng the same period. In most cases (about 85
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. In some cases, components may not add to totals because of independent
rounding. In addition, 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.
References. Industrial Production—1986 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 were described in the Federal Reserve Bulletin, vol. 76 (April
1990), pp. 187-204 and vol. 79 (June 1993), pp. 590-605, respectively. The early
1994 revision to the index was described in the Federal Reserve Bulletin, vol. 80
(March 1994), pp. 220-6. The later 1994 revision to the index was described in the
Federal Reserve Bulletin, vol. 81 (January 1995), pp. 16-26.
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 75 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 stock.
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. 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 total index of 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 of 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 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 as high as 90 percent have been exceeded 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 Reserve Bulletin, vol. 76
(June 1990), pp. 412-35 and vol. 79 (June 1993), pp. 590-605, respectively. The
early 1994 revision to the index was described in the Federal Reserve Bulletin, vol.
80 (March 1994), pp. 220-6. The later 1994 revision to the index was described in the
Federal Reserve Bulletin, vol. 81 (January 1995), pp. 16-26.
Electric Power
Data on electric power (expressed in kilowatt hours) are collected by the Federal
Reserve District Banks from electric utilities and also from manufacturing and
mining establishments that generate electric power for their own use (cogenerators).
The indexes of power use shown in table 9 are sums of kilowatt hours used by an
industry or industry group expressed as a percentage of that industry's or group's
usage in 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 nondefense nuclear material series
(part of SIC 2819) accounts for a disproportionately large part of total electric power
use. Because the value-added proportion for this industry 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.
Release Schedule for 1995
At 9:15 a.m. on January 17, February 15, March 15, April 14, May 16, June 15, July
14, August 15, September 15, October 17, November 15, and December 14.


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102