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FEDERAL RESERVE statistical release G.17 (419) For release at 9:15 a.m. (EDT) April 17, 1998 INDUSTRIAL PRODUCTION AND CAPACITY UTILIZATION Industrial production increased 0.2 percent in March; revised estimates of output now show declines of 0.2 percent in both January and February. The output of utilities jumped in March as temperatures throughout the country returned to more normal levels. The output of mines rose 0.2 percent, while production in manufacturing slipped 0.2 percent for the second consecutive month. At 127.7 percent of its 1992 average, total industrial production in March was 4.3 percent higher than it was in March 1997. For the first quarter as a whole, output grew about 1 percent at an annual rate. The rate of industrial capacity utilization decreased 0.1 percentage point in March, to 82.2 percent. Market Groups The production of consumer goods remained flat, as declines of 0.4 percent in the output of durable consumer goods and of non-energy nondurable goods were offset by an increase of 3.3 percent in the output of energy goods, most notably sales of residential electricity and gas. The falloff was widespread within durable consumer goods. (over) INDUSTRIAL PRODUCTION AND CAPACITY UTILIZATION: SUMMARY Seasonally adjusted Industrial Production 1997 Dec.r Index, 1992=100 1998 Jan.r Feb.r Total index Previous estimates 127.9 127.9 127.7 128.0 127.5 128.1 127.7 .3 .3 –.2 .1 –.2 .0 .2 4.3 Major market groups: Products, total Consumer goods Business equipment Construction supplies Materials 121.0 115.9 148.6 123.2 138.9 121.2 116.6 147.6 124.0 138.1 120.9 115.6 147.0 125.3 138.0 120.9 115.7 146.8 124.0 138.7 –.1 –.6 .8 –.3 .9 .2 .6 –.7 .6 –.6 –.3 –.9 –.4 1.1 .0 .0 .1 –.1 –1.0 .5 3.4 2.0 6.8 1.4 5.6 Major industry groups: Manufacturing Durable Nondurable Mining Utilities 130.9 148.6 112.9 105.7 114.3 131.0 148.2 113.3 107.4 110.0 130.7 148.2 112.8 107.3 110.1 130.4 147.9 112.5 107.5 115.4 .4 .6 .2 –.4 –.9 .0 –.3 .4 1.7 –3.8 –.2 .0 –.4 –.2 .1 –.2 –.2 –.2 .2 4.8 4.4 6.6 1.9 .7 5.3 Capacity Utilization Total industry Previous estimates Manufacturing Advanced processing Primary processing Mining Utilities Average 1967–97 1982 Low Mar.p 1997 Dec.r Percent of capacity 1988–89 1997 1997 High Mar. Dec.r Percent change 1998 Jan.r Feb.r Mar.p 1998 Jan.r Feb.r Mar.p Mar. 97 to Mar. 98 Capacity growth Mar. 97 to Mar. 98 82.1 71.1 85.4 82.5 83.3 83.2 82.8 83.0 82.3 82.7 82.2 4.7 81.1 80.5 82.4 87.5 87.3 69.0 70.4 66.2 80.3 75.9 85.7 84.2 88.9 88.0 92.6 81.6 79.7 86.1 90.6 87.0 82.3 80.5 86.3 89.4 89.9 82.0 80.2 86.0 90.8 86.4 81.5 79.5 85.7 90.6 86.4 80.9 79.1 85.2 90.8 90.5 5.4 6.3 3.4 .6 1.2 The output of automotive products and furniture declined again, and the production of household appliances dropped back somewhat from the high level in February. Among non-energy nondurable consumer goods, the production of both clothing and paper products dropped more than 1 percent. The output of business equipment slowed in the first quarter, edging down 0.1 percent in March after having dropped 0.7 percent in January and 0.4 percent in February. Nonetheless, the production of business equipment was still 6.8 percent above the level of a year ago. In March, continued strength in the production of computer and office equipment was more than offset by decreases in the assemblies of motor vehicles and aircraft and in the output of communications equipment. The production of construction supplies declined 1.0 percent after having increased 1.1 percent in February; output remains well above its level at the end of last year. The output of materials increased 0.5 percent after two months of weakness, but the level of output in March was still slightly below the December level. While the production of durable and nondurable goods materials edged down, the output of energy materials increased sharply. Among durable goods materials, the output of parts for consumer goods, which had spiked up in the fourth quarter, dropped back, on balance, in the first quarter. Growth in the output of equipment parts, which include parts for high-technology equipment, has slowed recently. Industry Groups The output at durable and nondurable goods producers declined 0.2 percent. Within durables, increases in computer and office equipment, semiconductors, and instruments were offset by weakness elsewhere. In particular, the output of primary metals; stone, clay, and glass products; furniture and fixtures; and transportation equipment posted significant losses. Among nondurable industries, production fell in every major industry, except petroleum and chemical products. The operating rate in manufacturing declined to 80.9 percent. Utilization rates in advanced-processing and primary-processing industries fell for the third consecutive month. The operating rate in advanced-processing industries in March was 1.4 percentage points below its long-run average, whereas the utilization rate in primary-processing industries was still significantly above its long-run average. 2 Industrial Production (March data, seasonally adjusted) Ratio scale, 1992 = 100 Ratio scale, 1992 = 100 Consumer goods Intermediate Products 130 130 120 120 Durable 110 110 Construction supplies Nondurable 100 Business supplies 100 90 90 80 80 1990 1992 1994 1996 1998 1990 1992 1994 Ratio scale, 1992 = 100 175 160 145 1996 1998 Ratio scale, 1992 = 100 Equipment Materials 175 160 145 130 130 Durable goods Business 115 115 100 100 Nondurable goods and energy 85 85 Defense and Space 70 70 1990 1992 1994 1996 1998 1990 1994 1996 Capacity Utilization Percent of capacity Total industry 85 1992 1998 Percent of capacity Manufacturing 85 80 80 75 75 1985 1990 1995 1985 3 1990 1995 Table 1A INDUSTRIAL PRODUCTION: MARKET GROUPS Index, 1992=100 1997 IP Proportion1 Seasonally Adjusted 1998 Nov. Dec.r Jan.r Feb.r 1997 Oct. 100.00 126.5 127.5 127.9 127.7 59.88 45.07 120.2 121.5 121.2 122.5 121.0 122.2 Consumer goods Durable Automotive products Autos and trucks Autos Trucks Auto parts and allied goods Other durable goods Appliances and electronics Appliances and air cond. Home electronics Carpeting and furniture Miscellaneous Nondurable Nonenergy Foods and tobacco Clothing Chemical products Paper products Energy products Fuels Utilities 28.08 5.82 2.56 1.57 .64 .93 .99 3.26 .85 .47 .38 .82 1.60 22.26 18.98 9.74 1.81 4.53 2.90 3.28 1.07 2.21 115.9 131.4 131.2 139.7 115.2 168.6 117.9 131.5 169.4 119.7 245.5 116.5 118.6 112.1 111.4 109.7 96.4 123.0 111.3 116.2 112.0 117.8 116.7 136.5 138.4 147.8 120.3 179.8 123.8 135.0 177.2 128.8 248.7 122.1 119.2 111.8 111.5 110.7 95.1 121.3 111.7 113.9 106.7 117.1 Equipment, total Business equipment Information processing & related Computer and office Industrial Transit Autos and trucks Other Defense and space equipment Oil and gas well drilling Manufactured homes 17.00 13.91 5.28 .96 4.51 2.68 1.32 1.44 2.02 .86 .21 131.3 145.5 174.3 420.3 135.9 113.0 117.0 137.5 74.7 149.1 136.9 14.80 5.74 9.07 Not seasonally adjusted 1998 Nov. Dec.r Jan.r Feb.r Mar.p 1997 Oct. 127.5 127.7 128.2 126.6 125.4 126.0 127.4 127.5 121.2 122.6 120.9 121.9 120.9 121.9 122.7 123.7 120.1 121.3 118.5 119.9 118.9 121.0 120.0 122.4 119.9 122.2 115.9 134.7 133.8 142.7 113.9 175.7 120.1 135.3 178.7 128.0 254.9 116.8 122.1 111.3 110.9 110.0 95.1 121.8 110.1 113.5 109.3 115.1 116.6 135.8 133.0 139.9 116.0 168.2 121.9 138.0 186.1 134.3 263.3 122.9 121.0 111.9 112.3 112.0 94.7 123.4 110.2 109.5 110.5 108.6 115.6 134.6 130.8 136.7 105.7 171.6 121.3 137.6 189.5 135.3 271.6 119.2 120.8 110.9 111.1 111.0 93.3 122.6 107.6 110.0 110.9 109.1 115.7 134.2 129.9 135.0 105.1 168.7 121.6 137.6 189.2 133.1 275.6 118.8 121.2 111.1 110.7 110.7 92.0 123.0 106.3 113.6 110.8 114.5 117.9 139.8 143.4 158.1 128.4 189.1 121.3 136.9 180.9 127.9 262.7 121.1 121.6 112.5 115.1 115.5 99.2 125.9 109.6 97.5 111.6 90.1 115.0 136.8 138.3 149.0 120.3 178.9 121.9 135.5 175.9 123.7 257.0 117.6 122.7 109.7 109.6 109.5 94.6 115.8 111.4 110.9 110.8 110.4 113.7 126.8 119.4 121.6 96.7 147.3 115.0 132.7 166.3 114.2 249.5 111.3 124.4 110.3 106.4 103.9 92.1 115.8 111.2 133.8 113.6 143.3 116.0 129.1 123.3 125.5 102.1 149.9 118.7 133.8 178.6 130.4 249.4 116.7 119.0 112.6 107.2 106.3 88.7 117.3 109.0 144.3 106.9 162.2 115.8 139.8 141.2 154.5 118.3 191.5 121.0 138.7 196.4 147.1 265.7 119.6 120.0 110.0 106.6 105.9 90.9 115.1 107.5 130.6 105.5 142.5 115.6 141.9 145.2 158.6 121.5 196.6 124.8 139.3 193.3 143.1 265.5 120.3 121.9 109.3 107.2 107.1 90.0 115.8 107.3 121.8 105.4 129.4 132.8 147.5 174.7 427.3 136.3 119.9 128.2 137.3 74.5 150.0 138.1 133.4 148.6 176.0 440.1 137.8 121.2 124.6 136.2 74.5 145.9 132.4 133.2 147.6 176.6 454.4 136.0 119.8 121.1 133.5 75.3 154.0 144.0 133.2 147.0 176.4 464.8 134.7 119.6 120.3 133.3 76.1 158.9 148.6 133.2 146.8 176.4 475.1 134.9 118.6 118.8 133.8 76.3 158.6 148.6 133.9 148.6 175.8 422.3 137.5 119.0 130.7 142.1 74.8 152.1 152.8 132.5 146.7 174.2 416.8 134.4 120.2 128.4 136.4 75.3 154.1 134.6 131.0 144.7 176.7 431.7 133.4 113.5 105.3 129.8 76.8 153.4 110.7 129.9 143.3 171.8 429.3 132.5 114.4 108.8 131.5 75.7 154.0 124.3 134.2 148.6 173.2 449.7 135.8 127.3 135.4 136.8 76.3 154.6 142.1 134.0 148.5 172.4 446.1 135.7 128.5 137.5 135.3 76.8 147.9 151.1 116.3 121.3 113.4 117.3 123.6 113.5 117.4 123.2 113.9 117.0 124.0 112.9 117.6 125.3 113.0 117.5 124.0 113.7 119.7 127.3 115.2 116.6 123.2 112.7 114.2 116.9 112.5 112.6 114.8 111.3 112.8 117.8 109.7 113.1 119.2 109.4 40.12 136.7 137.7 138.9 138.1 138.0 138.7 137.0 137.0 136.6 137.4 139.5 139.9 22.62 4.25 8.29 10.08 3.30 8.88 .91 1.85 4.28 1.84 8.62 5.59 3.03 163.2 141.8 233.3 127.8 122.5 113.1 111.9 113.4 115.0 109.0 104.7 101.7 110.6 165.0 142.3 237.9 128.8 124.9 114.4 111.0 112.2 116.5 113.7 103.9 101.4 108.6 166.5 146.9 240.9 128.3 122.2 116.0 112.5 113.7 119.1 113.3 104.2 100.7 110.9 166.1 138.7 245.3 128.6 124.2 114.5 108.1 112.6 119.1 109.5 103.2 101.9 105.7 166.1 139.5 246.1 127.9 123.4 115.4 108.5 112.4 120.0 111.6 102.3 101.0 104.9 165.9 139.2 247.1 127.3 122.0 115.2 108.7 112.8 119.6 111.1 105.1 102.8 109.4 165.2 147.7 232.8 129.6 122.6 114.7 114.3 113.0 114.9 116.0 100.6 98.0 105.5 164.6 141.6 239.5 127.8 124.3 113.6 110.5 111.8 115.2 113.3 102.7 100.7 106.4 162.9 131.3 246.4 125.5 120.8 111.4 102.8 110.7 115.4 107.6 106.0 102.1 113.5 162.7 137.4 243.6 124.0 122.7 114.1 108.2 114.0 117.7 109.0 106.9 103.9 112.5 167.1 145.8 246.5 127.3 126.0 116.2 109.7 114.0 121.4 109.9 104.8 103.8 106.8 167.7 148.6 247.7 126.8 124.6 116.4 110.9 113.4 120.9 112.0 105.3 103.6 108.4 Total excluding: Autos and trucks Motor vehicles and parts Computers Computers and semiconductors 97.11 94.84 98.52 95.15 126.5 125.9 123.8 117.4 127.2 126.6 124.8 118.2 127.7 127.0 125.1 118.3 127.6 127.2 124.8 117.9 127.4 126.9 124.5 117.6 127.7 127.2 124.7 117.7 127.7 127.0 125.4 119.0 126.2 125.7 123.9 117.2 125.7 125.5 122.6 115.8 126.2 125.7 123.2 116.4 126.9 126.3 124.5 117.6 126.9 126.2 124.7 117.7 Consumer goods excluding: Autos and trucks Energy 26.51 24.80 114.6 115.9 115.0 117.0 114.4 116.2 115.3 117.5 114.4 116.3 114.6 115.9 115.8 120.6 113.2 115.5 113.2 110.9 115.4 112.1 113.8 113.7 113.3 114.7 Business equipment excluding: Autos and trucks Computer and office equipment 12.59 12.96 149.0 131.8 149.7 133.5 151.5 134.4 150.7 133.0 150.1 132.1 150.2 131.7 150.6 134.5 148.8 132.8 149.6 130.6 147.5 129.2 150.1 133.9 149.7 133.8 Materials excluding: Energy 31.50 147.0 148.6 150.2 149.4 149.7 149.5 148.9 148.1 146.2 147.0 150.7 151.1 Item Total index Products, total Final products Intermediate products Construction supplies Business supplies Materials Durable Consumer parts Equipment parts Other Basic metals Nondurable Textile Paper Chemical Other Energy Primary Converted fuel Mar.p SPECIAL AGGREGATES 1. The IP proportion data are estimates of the industries’ relative contributions to overall IP growth in the following year. 4 Table 1B INDUSTRIAL PRODUCTION: MARKET GROUPS Percent change Item 1996 Q4 to 1997 Q4 Seasonally adjusted annual rate 1997 1998 Q2 Q3 Q4r Q1p Seasonally adjusted 1997 1998 Dec.r Jan.r Feb.r Mar.p Not seasonally adjusted 1997 1998 Dec.r Jan.r Feb.r Mar.p Mar. 97 to Mar. 98 Total index 5.8 4.6 6.0 7.2 .9 .3 –.2 –.2 .2 –.9 .4 1.2 .1 4.3 Products, total Final products 4.7 5.1 3.6 3.7 4.4 5.6 7.0 7.0 .6 .3 –.1 –.2 .2 .3 –.3 –.6 .0 .0 –1.3 –1.1 .3 .9 .9 1.2 –.1 –.2 3.4 3.5 Consumer goods Durable Automotive products Autos and trucks Autos Trucks Auto parts and allied goods Other durable goods Appliances and electronics Appliances and air cond. Home electronics Carpeting and furniture Miscellaneous Nondurable Nonenergy Foods and tobacco Clothing Chemical products Paper products Energy products Fuels Utilities 2.8 6.0 8.7 11.1 3.7 15.8 5.0 4.0 7.7 –.9 19.1 2.4 2.8 2.0 2.0 1.5 –1.5 4.0 2.8 1.9 1.7 1.9 1.4 –2.1 –11.3 –20.9 –15.8 –24.9 6.6 5.5 6.6 –5.3 21.4 10.0 2.6 2.4 1.1 –2.6 –.6 6.4 6.9 10.5 15.7 8.0 2.6 6.6 12.5 18.2 22.9 14.6 4.2 2.3 12.2 –4.8 38.8 –3.5 .4 1.6 1.2 1.1 .1 –.6 4.8 3.9 –2.2 7.0 6.6 11.1 20.9 35.5 –2.3 69.0 .7 3.8 12.0 5.8 19.7 5.9 –1.4 5.4 5.1 4.1 –1.6 11.5 2.8 7.4 –3.1 12.9 –.8 1.9 –9.3 –16.2 –23.5 –11.4 3.2 11.7 33.7 30.8 37.1 6.5 3.5 –1.5 .4 4.1 –8.9 3.3 –10.1 –11.8 5.3 –19.0 –.6 –1.4 –3.3 –3.5 –5.3 –2.3 –3.0 .2 .8 –.6 2.5 –4.3 2.4 –.5 –.5 –.7 .0 .4 –1.4 –.4 2.4 –1.7 .6 .8 –.7 –1.9 1.8 –4.2 1.5 2.0 4.2 4.9 3.3 5.2 –.9 .5 1.2 1.8 –.4 1.4 .2 –3.5 1.1 –5.7 –.9 –.9 –1.6 –2.3 –8.9 2.0 –.5 –.3 1.8 .7 3.1 –3.0 –.2 –.9 –1.1 –.8 –1.5 –.7 –2.4 .4 .3 .5 .1 –.3 –.7 –1.3 –.5 –1.7 .2 .0 –.2 –1.6 1.5 –.3 .3 .2 –.4 –.3 –1.3 .3 –1.2 3.3 –.1 5.0 –1.1 –7.3 –13.7 –18.4 –19.6 –17.6 –5.7 –2.1 –5.5 –7.7 –2.9 –5.3 1.4 .6 –2.9 –5.1 –2.6 .0 –.2 20.7 2.4 29.8 2.0 1.8 3.2 3.2 5.5 1.8 3.2 .8 7.4 14.3 .0 4.8 –4.3 2.0 .8 2.3 –3.7 1.3 –2.0 7.8 –5.9 13.2 –.1 8.3 14.5 23.1 15.9 27.8 1.9 3.7 10.0 12.7 6.5 2.4 .8 –2.3 –.6 –.3 2.5 –1.9 –1.3 –9.5 –1.3 –12.1 –.2 1.5 2.8 2.7 2.7 2.7 3.1 .4 –1.6 –2.7 –.1 .6 1.6 –.7 .6 1.1 –1.0 .6 –.2 –6.8 –.1 –9.2 2.0 2.7 .7 –.5 –10.6 6.4 2.7 4.2 13.3 1.0 30.0 1.9 .7 1.9 1.2 .7 –4.2 6.1 –1.3 5.9 2.4 7.6 Equipment, total Business equipment Information processing & related Computer and office Industrial Transit Autos and trucks Other Defense and space equipment Oil and gas well drilling Manufactured homes 8.8 10.8 12.2 34.5 5.6 17.6 8.5 9.5 –2.6 9.1 –1.2 7.6 8.3 12.6 32.9 4.5 3.0 –16.2 13.6 .3 15.9 6.0 10.6 13.5 16.4 48.3 9.0 21.4 14.0 3.4 –4.2 4.8 –3.5 7.7 10.7 9.4 26.8 6.8 25.8 21.8 1.5 –1.5 –11.1 –11.7 2.2 –.3 3.3 37.5 –4.2 4.4 –10.0 –9.6 7.5 26.0 37.7 .5 .8 .8 3.0 1.1 1.1 –2.8 –.8 .0 –2.7 –4.1 –.1 –.7 .3 3.3 –1.3 –1.2 –2.8 –1.9 1.0 5.5 8.8 .0 –.4 –.1 2.3 –1.0 –.1 –.7 –.2 1.1 3.2 3.2 .0 –.1 .0 2.2 .2 –.8 –1.2 .4 .3 –.2 .0 –1.1 –1.3 1.4 3.6 –.7 –5.5 –18.0 –4.9 1.9 –.4 –17.8 –.9 –1.0 –2.8 –.6 –.7 .8 3.4 1.3 –1.4 .4 12.3 3.3 3.7 .8 4.7 2.5 11.2 24.4 4.0 .9 .4 14.4 –.2 –.1 –.4 –.8 –.1 1.0 1.6 –1.1 .5 –4.3 6.3 5.8 6.8 9.5 36.2 3.3 10.1 –2.1 .9 .8 2.5 6.6 3.7 2.2 4.6 3.1 3.3 2.9 1.0 –2.0 2.9 6.9 4.1 8.7 1.4 5.9 –1.4 .1 –.3 .4 –.3 .6 –.9 .5 1.1 .1 –.1 –1.0 .6 –2.1 –5.1 –.1 –1.4 –1.8 –1.1 .1 2.7 –1.4 .3 1.1 –.3 3.0 1.4 4.1 7.3 6.1 8.4 7.6 1.4 .9 –.6 .0 .5 –.3 .6 1.5 .3 5.6 11.2 7.0 21.5 4.6 4.7 3.5 3.9 3.3 3.3 3.8 1.1 .4 2.2 10.8 –.4 23.1 5.4 8.0 .1 2.8 1.5 –1.9 2.1 –.2 –1.1 1.6 12.1 12.5 20.9 4.8 5.2 2.8 11.0 5.7 2.0 –1.9 4.4 2.7 7.5 12.1 10.8 19.1 6.9 5.6 5.3 3.9 –1.9 7.0 9.7 –1.5 –3.9 3.1 2.7 –12.1 15.7 –1.1 .0 1.9 –11.4 –1.7 9.6 –4.4 –2.7 2.5 –11.6 .9 3.3 1.3 –.4 –2.1 1.4 1.4 1.3 2.2 –.3 .3 –.7 2.1 –.3 –5.6 1.8 .2 1.6 –1.3 –3.9 –1.0 .0 –3.3 –.9 1.1 –4.6 .0 .6 .3 –.5 –.7 .8 .4 –.1 .7 1.9 –.9 –.9 –.8 –.1 –.2 .4 –.5 –1.2 –.2 .1 .3 –.3 –.5 2.7 1.8 4.3 –1.0 –7.3 2.9 –1.8 –2.8 –1.9 –7.0 –.9 .2 –5.0 3.2 1.4 6.7 –.2 4.7 –1.2 –1.2 1.6 2.4 5.3 3.0 2.0 1.3 .8 1.8 –.9 2.7 6.1 1.2 2.7 2.7 1.9 1.4 .0 3.2 .9 –1.9 –.1 –5.1 .4 1.9 .5 –.4 –1.1 .1 1.0 –.6 –.5 1.9 .4 –.2 1.6 8.4 2.4 17.7 3.3 3.2 2.4 2.2 .3 4.2 .6 1.6 .9 3.0 Total excluding: Autos and trucks Motor vehicles and parts Computers Computers and semiconductors 5.6 5.4 5.3 4.1 5.4 5.4 4.1 2.7 5.7 5.3 5.4 4.2 6.6 6.4 6.9 6.1 1.4 2.0 .4 –.7 .4 .3 .2 .1 –.1 .2 –.2 –.3 –.1 –.2 –.2 –.3 .2 .2 .2 .1 –.4 –.2 –1.0 –1.2 .4 .2 .5 .5 .6 .4 1.1 1.1 .0 –.1 .1 .1 4.4 4.4 3.8 2.8 Consumer goods excluding: Autos and trucks Energy 2.4 3.0 3.0 .3 1.8 2.4 5.0 6.4 .2 .8 –.5 –.7 .8 1.1 –.8 –1.0 .2 –.3 .0 –4.0 1.9 1.0 –1.4 1.5 –.4 .8 2.2 1.5 11.0 9.0 11.2 6.2 13.5 11.1 9.6 9.6 .8 –2.9 1.2 .6 –.5 –1.0 –.4 –.6 .0 –.3 .5 –1.7 –1.4 –1.1 1.8 3.6 –.3 .0 7.7 4.6 9.0 7.8 9.4 10.1 2.5 1.1 –.6 .2 –.1 –1.3 .5 2.5 .3 6.7 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 Note—Percent changes shown in the first and last columns are based on seasonally adjusted data. 5 Table 2A INDUSTRIAL PRODUCTION: INDUSTRY GROUPS Index, 1992=100 1997 IP SIC Proportion1 Item Total index 1997 Oct. Seasonally Adjusted 1998 Nov. Dec.r Jan.r Feb.r Mar.p 1997 Oct. Not seasonally adjusted 1998 Nov. Dec.r Jan.r Feb.r Mar.p 100.00 126.5 127.5 127.9 127.7 127.5 127.7 128.2 126.6 125.4 126.0 127.4 127.5 85.97 129.1 130.4 130.9 131.0 130.7 130.4 132.3 129.6 126.9 126.8 129.5 130.0 Primary processing Advanced processing 27.58 58.39 118.9 134.1 120.0 135.5 120.5 136.1 120.5 136.2 120.4 135.8 119.9 135.7 121.1 137.9 119.5 134.7 117.2 131.6 117.3 131.5 119.6 134.4 119.6 135.2 Durable Lumber and products 24 Furniture and fixtures 25 Stone, clay, and glass products 32 46.43 2.08 1.39 2.24 145.5 112.9 123.0 121.0 147.7 117.0 124.1 122.1 148.6 114.4 124.4 123.4 148.2 114.9 122.7 122.4 148.2 116.3 121.7 122.9 147.9 115.9 121.2 121.7 148.8 119.3 124.4 125.6 147.3 115.1 122.9 121.9 144.5 108.3 122.2 117.4 144.0 109.3 118.0 114.8 149.3 113.6 121.5 117.2 150.0 114.9 118.7 118.2 Primary metals 33 Iron and steel 331,2 Raw steel Nonferrous 333–6,9 Fabricated metal products 34 Industrial machinery and equipment 35 Computer and office equip. 357 Electrical machinery 36 Semiconductors 3672–9 3.47 1.86 .09 1.61 5.25 127.4 126.4 117.7 128.6 124.4 128.9 127.0 120.9 131.1 124.7 127.2 126.1 119.2 128.5 126.7 128.1 127.2 122.8 129.2 125.8 127.3 126.8 123.7 127.9 125.1 125.5 123.3 120.6 128.1 124.7 127.7 126.9 117.2 128.6 126.7 128.2 125.8 119.4 131.1 125.3 123.7 121.8 116.5 126.0 126.3 127.1 125.5 123.1 129.0 121.4 130.9 131.2 128.5 130.6 123.3 129.2 127.1 126.0 131.7 123.4 8.66 1.48 8.33 3.37 176.5 418.0 240.8 527.3 177.7 425.7 247.4 546.4 178.6 438.3 249.9 560.3 179.5 452.7 253.0 577.5 179.4 463.6 254.3 585.5 180.4 473.5 254.1 588.4 178.9 420.1 243.9 526.6 174.5 415.2 249.7 551.8 172.3 430.0 251.9 572.9 174.4 427.7 248.3 571.7 181.6 448.6 253.5 584.1 181.9 444.7 254.0 592.0 Transportation equipment Motor vehicles and parts Autos and light trucks Aerospace and misc. Instruments Miscellaneous 372–6,9 38 39 8.95 5.16 2.59 3.79 4.68 1.37 118.3 139.6 130.4 97.3 109.7 126.5 121.6 145.9 137.7 97.9 109.5 126.2 123.4 146.6 132.5 100.6 109.0 128.5 119.8 138.3 130.8 101.5 110.0 128.0 119.7 137.7 126.2 101.9 109.5 128.4 119.1 136.9 124.8 101.4 110.0 129.3 124.2 152.5 147.6 96.7 110.1 130.3 121.7 145.5 138.9 98.4 108.8 130.5 113.8 124.3 113.1 103.0 109.3 129.7 116.6 131.4 117.1 101.7 107.3 123.6 126.5 151.4 142.8 102.1 108.1 126.1 128.8 155.9 146.6 102.3 108.8 128.6 20 21 22 23 26 39.54 9.30 1.30 1.52 1.77 3.42 112.2 109.2 118.8 111.6 99.3 112.8 112.6 110.9 115.9 112.5 98.6 113.6 112.9 110.9 110.1 110.4 99.3 114.1 113.3 112.4 112.3 111.8 98.9 112.7 112.8 111.7 111.7 109.4 97.6 113.8 112.5 111.6 110.3 109.3 96.7 113.6 115.4 114.7 129.8 117.2 101.0 114.5 111.6 110.6 114.0 109.7 99.1 112.5 108.9 107.6 89.4 98.9 99.4 110.0 109.2 107.1 108.9 105.2 95.7 114.2 109.5 105.7 115.5 107.9 95.8 115.0 109.8 107.0 116.6 109.2 95.9 114.2 27 28 29 30 31 6.58 10.01 1.82 3.65 .18 106.7 116.7 111.2 127.4 72.4 107.4 116.5 108.6 129.6 71.0 107.1 118.2 109.7 129.3 71.3 106.3 118.8 111.3 129.5 69.4 105.5 118.7 110.3 129.3 70.8 104.6 118.7 111.3 129.2 69.1 109.7 118.3 111.7 129.4 73.5 107.2 113.2 110.0 129.7 72.0 105.0 113.1 110.0 128.5 71.3 100.8 115.4 103.2 127.4 67.7 100.7 115.8 102.0 129.4 69.2 99.9 115.9 103.9 129.7 68.9 10 12 13 14 6.40 .42 .86 4.53 .60 105.9 111.1 109.6 103.1 116.2 106.1 113.2 111.2 102.6 119.2 105.7 103.8 117.4 101.7 120.2 107.4 106.2 116.0 103.9 122.6 107.3 108.6 108.4 104.5 124.6 107.5 107.9 109.4 105.2 120.5 107.6 109.7 111.6 102.9 136.1 107.3 111.4 110.0 104.5 119.3 105.5 103.5 113.2 104.4 100.1 105.0 102.2 115.3 104.4 91.0 105.5 107.0 113.8 104.9 92.1 105.2 107.5 114.7 104.1 93.5 491,3pt 492,3pt 7.62 6.08 1.55 116.9 118.1 111.9 115.3 114.7 117.8 114.3 114.2 115.0 110.0 110.2 109.2 110.1 111.1 106.2 115.4 115.9 113.2 102.1 108.8 77.4 110.0 106.2 126.0 125.2 114.0 170.0 132.8 117.2 194.8 122.9 111.0 170.3 119.5 110.5 155.7 Computers, communications eq. and semiconductors 6.90 374.9 385.0 392.5 400.6 405.7 406.7 376.5 388.5 401.4 394.7 402.9 403.2 Manufacturing excluding: Motor vehicles and parts Computer and office equipment Computers and semiconductors Computers, communications eq. and semiconductors 80.82 84.50 81.12 128.4 125.9 118.4 129.4 127.2 119.4 130.0 127.6 119.8 130.5 127.6 119.5 130.3 127.3 119.1 130.0 126.9 118.8 131.1 129.1 121.5 128.7 126.4 118.7 127.0 123.6 115.7 126.5 123.6 115.7 128.2 126.1 118.1 128.5 126.6 118.5 79.08 117.2 118.2 118.6 118.4 117.9 117.7 120.4 117.4 114.3 114.4 116.9 117.4 12.3 5.9 6.5 6.2 0.3 13.1 6.1 6.9 6.6 0.3 12.6 5.8 6.8 6.4 0.3 12.4 5.9 6.5 6.1 0.3 12.0 5.4 6.6 6.3 0.4 11.8 5.3 6.5 6.2 0.3 14.6 7.0 7.7 7.4 0.3 12.0 5.7 6.4 6.1 0.3 11.2 5.2 6.0 5.7 0.3 11.1 5.3 5.9 5.6 0.3 12.3 5.5 6.8 6.5 0.4 13.9 6.2 7.7 7.3 0.4 Manufacturing 37 371 Nondurable Foods Tobacco products Textile mill products Apparel products Paper and products Printing and publishing Chemicals and products Petroleum products Rubber and plastics products Leather and products Mining Metal mining Coal mining Oil and gas extraction Stone and earth minerals Utilities Electric Gas SPECIAL AGGREGATES Memo: Motor vehicle assemblies2 Total Autos Trucks Light Heavy and medium 1. The IP proportion data are estimates of the industries’ relative contributions to overall IP growth in the following year. 2. Millions of units at an annual rate. Note—Primary processing manufacturing includes textile mill products, paper and products, industrial chemicals, synthetic materials, and fertilizers, petroleum products, rubber and plastics products, lumber and products, primary metals, fabricated metals, and stone, clay, and glass products. Advanced processing manufacturing includes foods, tobacco products, apparel products, printing and publishing, chemical products and other agricultural chemicals, leather and products, furniture and fixtures, industrial machinery and equipment, electrical machinery, transportation equipment, instruments, and miscellaneous manufactures. 6 Table 2B INDUSTRIAL PRODUCTION: INDUSTRY GROUPS Percent change Item SIC 1996 Q4 to 1997 Q4 Seasonally adjusted annual rate 1997 1998 Q2 Q3 Q4r Q1p Seasonally adjusted 1997 1998 Dec.r Jan.r Feb.r Mar.p Not seasonally adjusted 1997 1998 Dec.r Jan.r Feb.r Mar.p Mar. 97 to Mar. 98 Total index 5.8 4.6 6.0 7.2 .9 .3 –.2 –.2 .2 –.9 .4 1.2 .1 4.3 Manufacturing 6.3 4.9 6.1 8.1 1.8 .4 .0 –.2 –.2 –2.1 .0 2.1 .4 4.4 3.5 7.6 3.7 5.4 2.6 7.8 4.5 9.8 1.5 1.9 .5 .4 –.1 .1 –.1 –.3 –.4 –.1 –1.9 –2.3 .1 –.1 1.9 2.2 .0 .6 2.3 5.5 9.5 2.1 3.6 4.6 8.1 10.8 10.7 3.3 10.1 –5.1 –3.2 2.4 10.3 –.7 4.8 4.3 2.3 3.4 –6.3 .7 .6 –2.2 .2 1.1 –.3 .4 –1.4 –.8 .0 1.3 –.8 .4 –.2 –.3 –.5 –1.0 –1.9 –5.9 –.6 –3.7 –.3 .9 –3.4 –2.2 3.7 4.0 3.0 2.1 .5 1.1 –2.3 .9 6.6 .9 .4 1.8 Primary processing Advanced processing Durable Lumber and products Furniture and fixtures Stone, clay, and glass products 24 25 32 Primary metals 33 Iron and steel 331,2 Raw steel Nonferrous 333–6,9 Fabricated metal products 34 Industrial machinery and equipment 35 Computer and office equip. 357 Electrical machinery 36 Semiconductors 3672–9 5.6 5.7 7.3 5.5 3.7 9.9 10.9 8.7 8.7 2.9 5.7 .8 6.5 11.8 1.0 7.5 12.6 8.3 1.9 8.9 –2.8 –2.4 10.7 –3.2 –.2 –1.3 –.7 –1.4 –2.0 1.6 .7 .8 3.0 .5 –.7 –.6 –.3 .7 –1.0 –.5 –1.4 –2.8 –2.5 .2 –.4 –3.5 –3.1 –2.4 –3.9 .8 2.7 3.0 5.6 2.4 –3.8 3.0 4.6 4.4 1.2 1.5 –1.3 –3.1 –2.0 .9 .1 3.0 3.1 5.8 2.9 2.1 11.3 36.3 18.5 39.8 10.8 34.9 20.0 41.4 14.3 50.2 19.0 40.3 8.7 28.3 16.9 31.5 5.0 38.2 13.3 32.0 .5 3.0 1.0 2.5 .5 3.3 1.3 3.1 .0 2.4 .5 1.4 .6 2.1 –.1 .5 –1.3 3.6 .9 3.8 1.2 –.5 –1.4 –.2 4.2 4.9 2.1 2.2 .1 –.9 .2 1.4 9.3 37.6 15.0 32.2 Transportation equipment Motor vehicles and parts Autos and light trucks Aerospace and misc. Instruments Miscellaneous 372–6,9 38 39 12.2 11.9 9.6 12.7 3.2 4.8 –.1 –8.9 –20.2 13.4 3.2 3.1 17.2 20.5 19.0 12.7 5.1 3.3 18.8 23.1 27.8 13.1 2.6 1.6 –5.1 –16.6 –17.5 12.6 1.5 4.7 1.4 .5 –3.8 2.8 –.5 1.8 –2.9 –5.7 –1.3 .9 .9 –.4 –.1 –.4 –3.5 .4 –.5 .4 –.5 –.5 –1.1 –.5 .5 .6 –6.5 –14.6 –18.6 4.6 .5 –.6 2.4 5.7 3.6 –1.2 –1.8 –4.7 8.5 15.2 21.9 .3 .7 2.0 1.8 3.0 2.7 .2 .6 1.9 6.0 2.2 –2.3 11.4 3.3 3.6 20 21 22 23 26 2.6 1.8 1.9 4.1 –1.9 3.1 1.2 –1.9 –6.6 4.4 –1.2 1.8 1.5 .4 1.9 9.3 –1.8 6.9 5.5 4.3 12.3 2.1 –1.0 –2.1 1.2 5.8 –11.6 –4.7 –5.1 –.5 .2 .0 –4.9 –1.9 .7 .4 .4 1.4 2.0 1.2 –.3 –1.2 –.4 –.7 –.6 –2.1 –1.4 .9 –.2 –.1 –1.2 –.1 –.9 –.2 –2.4 –2.7 –21.6 –9.9 .3 –2.2 .3 –.4 21.9 6.3 –3.7 3.8 .2 –1.3 6.0 2.5 .1 .7 .3 1.2 1.0 1.2 .1 –.7 1.9 1.4 –3.4 1.2 –3.3 1.0 27 28 29 30 31 4.0 2.9 2.2 3.8 –7.3 3.7 1.0 12.7 1.7 –6.5 .9 .1 –5.0 6.6 –15.3 9.9 8.3 1.0 5.2 –2.4 –5.7 5.5 4.3 1.8 –9.6 –.3 1.5 1.0 –.3 .4 –.7 .5 1.5 .2 –2.7 –.8 –.1 –.9 –.2 2.1 –.9 .0 .9 –.1 –2.4 –2.1 –.1 .0 –.9 –1.1 –4.0 2.0 –6.2 –.8 –5.0 –.1 .4 –1.1 1.5 2.2 –.8 .1 1.9 .2 –.4 1.0 4.5 3.0 3.0 –9.7 10 12 13 14 2.1 2.7 4.7 1.9 .6 1.9 3.9 5.0 2.4 –6.6 1.8 –5.6 .6 3.0 –.7 –2.1 15.4 11.2 –6.2 .4 5.9 –6.4 –5.1 8.3 14.2 –.4 –8.3 5.6 –.9 .9 1.7 2.3 –1.2 2.2 2.0 –.2 2.2 –6.5 .6 1.6 .2 –.6 .9 .6 –3.3 –1.7 –7.1 3.0 –.1 –16.1 –.6 –1.3 1.8 .0 –9.2 .5 4.6 –1.3 .5 1.3 –.3 .5 .8 –.8 1.5 .7 1.4 2.3 .8 –2.5 491,3pt 492,3pt 2.4 2.8 .8 3.3 –.9 21.0 8.3 11.1 –2.0 5.5 5.1 7.1 –12.2 –10.8 –17.4 –.9 –.5 –2.3 –3.8 –3.5 –5.0 .1 .8 –2.7 4.8 4.3 6.6 13.8 7.3 34.9 6.1 2.8 14.6 –7.4 –5.2 –12.6 –2.8 –.5 –8.6 5.3 4.8 7.3 Computers, communications eq. and semiconductors 30.6 31.9 34.2 24.6 22.8 1.9 2.1 1.3 .2 3.3 –1.7 2.1 .1 25.6 Manufacturing excluding: Motor vehicles and parts Computer and office equipment Computers and semiconductors Computers, communications eq. and semiconductors 6.0 5.8 4.4 5.8 4.3 2.7 5.2 5.4 4.0 7.2 7.8 6.8 3.1 1.2 –.1 .4 .4 .3 .4 .0 –.2 –.2 –.3 –.3 –.2 –.2 –.3 –1.3 –2.2 –2.5 –.4 .0 .0 1.3 2.1 2.1 .2 .4 .4 4.6 3.9 2.7 4.2 2.4 3.7 6.7 .0 .3 –.2 –.4 –.2 –2.7 .1 2.1 .4 2.6 37 371 Nondurable Foods Tobacco products Textile mill products Apparel products Paper and products Printing and publishing Chemicals and products Petroleum products Rubber and plastics products Leather and products Mining Metal mining Coal mining Oil and gas extraction Stone and earth minerals Utilities Electric Gas SPECIAL AGGREGATES 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 1997 Proportion 19671997 Ave. 1973 High 19781980 High 1982 Low 19881989 High 19901991 Low 1997 Mar. 1997 Oct. Nov. Dec.r 1998 Jan.r Feb.r Mar.p Total industry 100.00 82.1 89.2 87.3 71.1 85.4 78.1 82.5 83.0 83.3 83.3 82.8 82.3 82.2 Manufacturing 87.20 81.1 88.5 86.9 69.0 85.7 76.6 81.6 81.9 82.3 82.3 82.0 81.5 80.9 Primary processing Advanced processing 26.38 60.83 82.4 80.5 91.2 87.2 88.1 86.7 66.2 70.4 88.9 84.2 77.7 76.1 86.1 79.7 85.7 80.2 86.2 80.6 86.3 80.5 86.0 80.2 85.7 79.5 85.2 79.1 Durable Lumber and products 24 Furniture and fixtures 25 Stone, clay, and glass products 32 47.85 2.10 1.43 2.24 79.4 82.6 81.5 78.2 89.2 88.7 96.8 88.8 87.7 87.9 85.5 88.0 63.9 60.8 68.9 64.3 84.6 93.6 86.6 83.5 73.1 75.5 72.5 69.7 80.9 83.5 80.5 82.3 81.1 80.1 79.8 81.5 81.8 82.8 80.2 82.0 81.7 80.7 80.1 82.6 81.0 80.8 78.8 81.7 80.4 81.8 78.0 81.8 79.8 81.4 77.5 80.7 3.11 1.70 .08 1.41 .07 .13 81.2 81.0 80.9 81.5 74.9 88.4 100.2 105.8 102.7 90.8 93.4 95.7 94.2 95.8 95.8 91.1 81.5 97.6 45.1 37.0 35.2 60.1 42.1 58.6 92.7 95.2 92.7 89.3 86.3 100.4 73.7 71.8 71.5 74.2 73.5 97.3 90.2 88.9 89.4 91.8 90.1 86.0 92.3 91.9 89.2 92.8 98.7 86.5 93.1 92.1 91.1 94.4 96.1 86.3 91.6 91.2 89.4 92.3 96.9 86.4 91.9 91.6 91.7 92.4 96.3 86.2 90.8 91.0 91.9 90.9 96.8 86.4 89.1 88.0 89.2 90.5 Fabricated metal products 34 Industrial machinery and equipment 35 Computer and office equip. 357 Electrical machinery 36 Semiconductors 3672–9 5.42 77.9 87.8 83.9 63.7 82.0 71.9 80.2 79.3 79.2 80.1 79.2 78.5 77.9 8.64 1.76 8.89 3.68 81.4 81.0 81.0 79.8 96.0 90.9 89.2 95.6 93.2 92.6 89.4 91.7 64.0 65.5 71.6 75.7 85.4 86.9 84.0 81.0 72.3 66.9 75.0 75.5 84.6 80.8 82.3 86.2 84.8 80.3 80.9 84.7 84.6 79.5 82.0 85.4 84.3 79.5 81.6 85.3 83.9 79.8 81.4 85.5 83.1 79.4 80.6 84.4 82.8 78.8 79.3 82.5 Transportation equipment Motor vehicles and parts Autos and light trucks1 Aerospace and misc. Instruments Miscellaneous 75.8 76.6 86.1 93.4 372–6,9 38 39 9.78 5.67 2.66 4.11 4.84 1.40 75.2 81.7 75.4 78.4 89.9 82.9 84.8 95.0 94.6 81.9 92.7 79.4 57.2 45.5 40.6 66.6 78.4 65.4 85.8 89.1 92.3 87.3 81.4 79.0 68.5 55.9 53.3 79.2 77.2 71.7 74.0 73.9 79.8 74.0 79.4 80.6 76.4 75.0 80.3 78.2 80.9 80.3 78.4 78.1 84.6 78.5 80.7 79.9 79.2 78.2 81.3 80.5 80.1 81.1 76.7 73.5 80.0 81.1 80.7 80.5 76.4 72.9 77.1 81.2 80.1 80.6 75.8 72.3 76.0 80.7 80.2 80.8 20 22 23 26 261–3 27 39.36 9.50 1.51 1.93 3.13 1.37 6.49 83.4 82.9 85.5 81.0 89.3 92.4 85.7 87.8 86.0 91.4 84.2 97.1 97.2 89.7 87.5 84.6 91.2 87.5 96.1 98.3 93.9 76.4 79.1 72.3 77.5 80.6 82.0 82.0 87.3 85.4 90.4 85.1 93.5 98.0 91.7 80.7 82.7 77.7 75.5 85.0 89.9 79.6 82.6 81.5 82.6 76.1 89.8 93.4 81.7 82.8 79.8 84.5 75.5 89.2 94.0 83.8 83.0 80.8 85.1 75.0 89.7 93.2 84.3 83.0 80.7 83.4 75.5 89.9 93.4 84.0 83.2 81.7 84.2 75.3 88.7 93.2 83.4 82.7 81.0 82.4 74.3 89.3 93.1 82.6 82.3 80.8 82.1 73.6 89.0 Chemicals and products 28 Plastics materials 2821 Synthetic fibers 2823,4 Petroleum products 29 Rubber and plastics products 30 Leather and products 31 10.40 .82 .33 1.57 3.44 .21 79.5 86.7 85.1 86.6 84.8 80.8 87.6 102.0 93.8 96.7 95.5 81.3 84.6 90.9 98.6 90.0 91.2 92.1 69.9 63.4 64.4 66.8 72.7 75.8 86.2 97.0 99.7 88.5 89.6 83.3 79.3 74.8 77.6 85.1 77.4 76.1 78.7 92.9 88.5 94.5 87.7 71.3 79.3 91.2 87.9 96.2 87.0 68.5 78.9 93.0 84.0 93.8 88.2 67.4 79.9 93.7 90.1 94.6 87.6 67.8 80.1 93.9 88.7 95.9 87.6 66.2 79.8 79.6 91.5 94.9 87.2 67.8 95.7 86.9 66.3 10 12 13 138 14 5.84 .38 .82 4.07 .82 .57 87.5 79.0 86.9 88.6 74.2 84.8 94.3 89.6 91.0 96.9 93.0 95.0 96.0 87.9 99.4 97.3 104.3 92.7 80.3 44.4 76.6 82.3 50.9 63.3 88.0 89.4 91.5 88.2 69.3 89.0 87.0 79.9 83.4 88.7 60.0 79.4 90.6 90.4 85.2 91.8 88.8 89.8 89.6 93.9 86.4 90.7 84.9 82.6 89.7 95.5 87.5 90.3 85.3 84.5 89.4 87.5 92.3 89.5 83.0 84.9 90.8 89.4 91.0 91.4 87.4 86.3 90.6 91.3 84.9 92.0 90.1 87.5 90.8 90.6 85.6 92.6 89.9 84.4 491,3pt 492,3pt 6.96 5.43 1.52 87.3 89.1 82.4 96.2 99.0 94.1 89.1 88.2 93.7 75.9 78.9 69.1 92.6 95.0 85.0 83.4 87.1 67.1 87.0 89.0 78.4 92.0 94.3 82.3 90.7 91.5 86.5 89.9 91.0 84.3 86.4 87.7 79.9 86.4 88.4 77.6 90.5 92.1 82.6 7.71 80.1 84.0 90.9 77.3 81.9 72.4 81.8 81.1 81.5 81.2 81.0 80.2 78.6 79.50 81.2 88.8 87.0 68.0 86.1 76.8 81.7 82.0 82.5 82.5 82.2 81.7 81.3 Item Primary metals Iron and steel Raw steel Nonferrous Primary copper Primary aluminum Nondurable Foods Textile mill products Apparel products Paper and products Pulp and paper Printing and publishing Mining Metal mining Coal mining Oil and gas extraction Oil and gas well drilling Stone and earth minerals Utilities Electric Gas SIC 33 331,2 333–6,9 3331 3334 37 371 81.9 SPECIAL AGGREGATES Computers, communications eq. and semiconductors Manufacturing ex. computers, communications eq., and semiconductors 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 Item SIC Percent change Annual rate December to December 1967- 1967- 19751998 1975 1998 Ave. Ave. Ave. 1994 1995 1996 1997 1998p Capacity indexes Percent of 1992 output 1997 Mar. 1997 Oct. Nov. Dec. 1998 Jan. Feb. Mar. Total industry 3.1 3.8 2.8 3.9 5.0 4.5 4.7 4.8 148.4 152.4 153.0 153.6 154.2 154.8 155.4 Manufacturing 3.4 4.0 3.1 4.2 5.6 5.1 5.3 5.4 152.9 157.6 158.3 159.0 159.7 160.4 161.2 Primary processing Advanced processing 2.3 3.9 4.1 4.0 1.6 3.9 2.4 5.2 3.0 6.9 3.4 5.9 3.4 6.3 3.4 6.3 136.2 161.5 138.8 167.3 139.2 168.1 139.6 169.0 140.0 169.9 140.4 170.7 140.8 171.6 Durable Lumber and products 24 Furniture and fixtures 25 Stone, clay, and glass products 32 3.9 2.0 3.2 1.6 3.7 2.9 4.5 2.5 4.0 1.6 2.6 1.2 6.1 3.0 2.5 .9 8.5 3.9 4.0 2.4 7.4 4.5 6.0 3.4 8.0 4.0 4.8 3.7 8.3 1.5 2.5 4.1 171.5 137.7 150.0 145.3 179.4 140.9 154.1 148.4 180.6 141.3 154.7 148.9 181.8 141.8 155.3 149.3 182.9 142.1 155.7 149.8 184.2 142.2 156.1 150.3 185.4 142.4 156.4 150.8 .5 –.2 –.5 1.8 .7 1.2 1.7 .7 .3 3.8 1.8 5.2 .1 –.6 –.9 1.1 .3 –.3 2.7 3.1 1.4 2.2 3.2 .5 2.4 1.4 3.3 3.5 8.3 .0 3.7 4.5 2.7 2.8 –1.8 .2 3.7 3.8 6.1 3.7 1.2 .2 6.1 5.3 5.5 7.1 1.1 .0 135.1 134.5 127.4 135.6 143.2 104.0 138.0 137.4 132.0 138.5 144.3 104.1 138.5 137.9 132.7 138.9 144.5 104.1 138.9 138.3 133.3 139.3 144.6 104.2 139.4 138.8 134.0 139.9 144.8 104.2 140.1 139.4 134.6 140.7 144.9 104.2 140.8 140.0 135.2 141.5 145.0 104.2 2.0 3.1 1.6 2.5 4.1 4.7 5.1 5.1 152.3 156.8 157.5 158.1 158.8 159.4 160.1 5.6 21.3 8.6 19.5 4.7 12.0 5.9 13.1 6.0 25.1 9.6 22.1 8.6 21.9 19.1 43.0 11.0 32.0 26.5 57.1 11.4 40.6 18.6 29.6 11.6 41.0 19.3 37.6 11.7 41.7 19.6 39.1 195.2 425.8 268.3 516.1 208.1 520.3 297.5 622.7 210.0 535.4 301.8 639.7 211.9 551.0 306.3 657.1 213.8 567.1 310.8 675.2 215.9 583.8 315.5 694.0 217.9 601.0 320.3 713.4 37 371 2.7 3.4 3.0 4.4 2.6 3.1 372–6,9 38 39 1.6 4.6 2.4 1.1 7.6 4.4 1.7 3.4 1.6 3.4 7.5 5.9 –1.1 .0 1.9 3.8 8.1 5.7 –1.2 .5 2.9 2.3 4.5 .8 –.7 .8 3.2 3.5 4.6 2.4 2.1 1.9 3.2 3.5 4.4 2.6 2.2 3.7 3.9 151.7 181.2 160.1 123.0 134.0 154.7 154.8 186.0 162.4 124.5 135.5 157.6 155.2 186.7 162.7 124.8 135.7 158.0 155.7 187.4 163.0 125.0 136.0 158.4 156.1 188.1 163.4 125.2 136.3 158.9 156.6 188.8 163.7 125.4 136.7 159.4 157.0 189.5 164.1 125.6 137.1 159.9 20 22 23 26 261–3 27 2.8 2.4 2.2 1.1 2.7 2.4 2.7 4.3 3.0 4.4 2.3 3.9 2.9 3.0 2.1 2.2 1.4 .7 2.3 2.2 2.5 2.0 2.1 3.9 1.6 1.3 2.0 .8 2.4 2.9 3.1 2.2 2.5 2.9 .7 2.4 2.5 2.0 .1 2.3 2.0 1.0 2.2 2.4 1.8 .0 1.8 1.8 .7 2.1 2.0 1.9 .0 2.5 1.7 1.2 133.8 135.0 130.7 131.4 125.1 120.1 126.8 135.5 136.9 132.1 131.4 126.5 121.3 127.3 135.7 137.1 132.3 131.4 126.7 121.5 127.4 136.0 137.4 132.5 131.4 126.9 121.7 127.5 136.2 137.7 132.7 131.4 127.1 121.9 127.6 136.5 137.9 132.9 131.4 127.4 122.0 127.7 136.7 138.1 133.1 131.4 127.7 122.2 127.8 Chemicals and products 28 Plastics materials 2821 Synthetic fibers 2823,4 Petroleum products 29 Rubber and plastics products 30 Leather and products 31 3.8 6.5 3.7 1.5 5.3 –3.3 6.8 12.7 9.7 4.2 8.4 –1.5 2.6 4.2 1.5 .4 4.1 –3.9 2.7 6.2 .4 2.1 4.4 –2.1 2.8 5.3 .4 –.5 5.1 –2.6 3.6 6.6 –.4 .4 4.4 –2.3 3.3 5.5 3.9 1.8 4.2 –2.8 2.7 5.1 1.7 1.2 3.4 –3.5 144.3 136.9 120.6 114.3 143.1 107.4 147.1 141.2 123.5 115.6 146.5 105.6 147.5 141.9 123.9 115.7 147.0 105.4 148.0 142.5 124.3 115.9 147.5 105.1 148.3 143.1 124.6 116.1 147.9 104.9 148.7 143.7 124.8 116.2 148.3 104.5 149.0 144.3 124.9 116.3 148.7 104.2 10 12 13 138 14 .2 1.3 2.3 –.5 .7 1.4 –.1 .5 2.4 –1.0 .8 2.6 .3 1.6 2.3 –.3 .7 1.0 1.1 –1.8 4.3 .3 –.6 2.3 –.7 1.2 –.7 –1.2 –1.6 2.4 .4 .5 1.2 –.1 –1.2 3.5 .7 .8 1.7 .1 1.1 4.0 .8 1.4 1.7 .2 1.4 3.6 117.7 117.8 125.6 113.6 174.4 137.6 118.2 118.4 126.9 113.7 175.6 140.7 118.2 118.5 127.1 113.6 175.7 141.2 118.3 118.6 127.2 113.6 175.9 141.6 118.3 118.8 127.4 113.6 176.1 142.0 118.4 118.9 127.6 113.6 176.3 142.4 118.4 119.1 127.8 113.6 176.5 142.8 491,3pt 492,3pt 2.7 3.7 .4 6.1 7.8 2.3 1.4 2.2 –.3 1.2 1.0 .4 2.1 2.8 .5 1.5 1.5 2.2 1.3 1.3 1.9 1.0 1.0 1.6 126.0 124.3 134.5 126.9 125.2 136.0 127.1 125.4 136.2 127.2 125.5 136.4 127.3 125.6 136.6 127.4 125.7 136.8 127.5 125.8 137.0 15.7 9.5 18.2 28.3 38.7 29.3 30.5 31.5 395.8 462.4 472.7 483.2 494.3 505.8 517.5 2.4 3.7 1.9 2.4 3.0 2.9 3.1 3.1 140.4 142.9 143.3 143.7 144.0 144.4 144.8 Primary metals Iron and steel Raw steel Nonferrous Primary copper Primary aluminum 33 331,2 333–6,9 3331 3334 Fabricated metal products 34 Industrial machinery and equipment 35 Computer and office equip. 357 Electrical machinery 36 Semiconductors 3672–9 Transportation equipment Motor vehicles and parts Autos and light trucks1 Aerospace and misc. Instruments Miscellaneous Nondurable Foods Textile mill products Apparel products Paper and products Pulp and paper Printing and publishing Mining Metal mining Coal mining Oil and gas extraction Oil and gas well drilling Stone and earth minerals Utilities Electric Gas SPECIAL AGGREGATES Computers, communications eq. and semiconductors Manufacturing ex. computers, communications eq., and semiconductors p. Preliminary estimate for current year. 1. Series begins in 1977. 9 Table 5A INDUSTRIAL PRODUCTION, CAPACITY AND UTILIZATION FOR TOTAL INDUSTRY: HISTORICAL DATA Seasonally adjusted Year Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. Q1 Q2 Q3 Q4 Annual Industrial Production, Percent Change1 1986 1987 1988 1989 1990 .6 –.6 .1 .6 –.5 –.7 1.2 .3 –.8 .5 –1.0 .4 .0 .9 .5 .8 .4 .6 .2 –.6 –.2 .4 .1 –.6 .4 –.3 .9 .1 –.2 .0 .3 .6 .7 –1.0 .0 .3 .1 .5 .4 .2 –.1 –.1 –.4 –.2 .1 .9 1.4 .3 –.5 –.6 .5 .3 .8 .4 –1.3 .9 .6 .5 .5 –.6 2.0 4.2 3.2 3.8 2.0 –1.7 6.7 3.1 .5 .6 .7 5.6 3.9 –4.4 1.0 6.5 7.1 3.6 –.1 –5.8 1.1 4.6 4.5 1.8 –.2 1991 1992 1993 1994 1995 –.5 .2 .5 .3 .6 –.8 .6 .4 .5 –.1 –.9 .7 .1 .7 .1 .3 .8 .4 .5 .0 .8 .2 –.6 .7 .3 1.2 –.3 .2 .5 .3 .1 .7 .4 .5 .0 .1 –.3 –.2 .3 1.0 1.0 .5 1.0 .2 .4 –.1 .8 .3 .7 –.4 –.1 .5 .4 .8 .2 –.6 .1 .8 1.0 –.1 –8.3 1.4 4.4 6.0 5.9 1.5 6.2 1.1 7.1 1.6 6.2 1.9 2.1 5.5 4.5 1.1 5.5 5.8 7.5 1.1 –2.0 3.1 3.6 5.4 4.9 1996 1997 1998 –.2 .3 –.2 1.2 .6 –.2 –.4 .3 .2 1.1 .5 .6 .2 .5 .2 .0 .8 .3 .6 .3 .3 .0 .8 .8 .8 .3 .3 2.0 5.2 .9 7.5 4.6 3.6 6.0 3.8 7.2 3.5 5.0 Industrial Production 1986 1987 1988 1989 1990 89.6 90.2 95.9 99.8 98.6 89.0 91.2 96.2 99.0 99.1 88.1 91.6 96.3 100.0 99.6 88.7 92.0 96.8 100.2 99.0 88.6 92.4 96.9 99.6 99.4 88.2 93.2 97.0 99.4 99.3 88.5 93.7 97.6 98.4 99.3 88.8 93.8 98.1 98.8 99.5 88.7 93.7 97.8 98.6 99.6 89.5 95.0 98.0 98.2 99.1 89.9 95.3 98.8 98.6 97.7 90.8 95.9 99.3 99.0 97.2 88.9 91.0 96.1 99.6 99.1 88.5 92.5 96.9 99.7 99.2 88.7 93.8 97.8 98.6 99.5 90.1 95.4 98.7 98.6 98.0 89.0 93.2 97.4 99.1 98.9 1991 1992 1993 1994 1995 96.7 97.7 102.4 106.0 113.5 95.9 98.3 102.8 106.5 113.4 95.0 99.0 102.9 107.2 113.6 95.4 99.8 103.3 107.7 113.6 96.1 100.0 102.7 108.5 113.9 97.2 99.7 102.9 109.0 114.3 97.3 100.3 103.3 109.6 114.3 97.4 100.0 103.1 109.9 115.4 98.4 100.5 104.1 110.1 115.9 98.3 101.2 104.4 110.9 115.4 98.1 101.8 104.9 111.8 115.6 97.5 101.8 105.7 112.9 115.5 95.9 98.3 102.7 106.6 113.5 96.2 99.8 103.0 108.4 113.9 97.7 100.3 103.5 109.9 115.2 98.0 101.6 105.0 111.9 115.5 97.0 100.0 103.6 109.2 114.5 1996 1997 1998 115.3 121.3 127.7 116.7 122.1 127.5 116.3 122.5 127.7 117.5 123.1 118.3 123.3 118.9 123.5 118.9 124.5 119.3 125.2 119.6 125.6 119.7 126.5 120.6 127.5 120.9 127.9 116.1 121.9 127.6 118.2 123.3 119.3 125.1 120.4 127.3 118.5 124.5 Capacity 1986 1987 1988 1989 1990 112.2 114.0 115.3 116.8 119.2 112.4 114.1 115.5 117.0 119.3 112.6 114.2 115.6 117.2 119.5 112.7 114.3 115.7 117.4 119.7 112.9 114.4 115.8 117.6 119.9 113.0 114.5 115.9 117.8 120.1 113.2 114.6 116.0 118.0 120.2 113.3 114.7 116.2 118.2 120.4 113.5 114.9 116.3 118.4 120.6 113.6 115.0 116.4 118.6 120.8 113.7 115.1 116.5 118.8 121.0 113.9 115.2 116.7 119.0 121.2 112.4 114.1 115.5 117.0 119.3 112.9 114.4 115.8 117.6 119.9 113.3 114.7 116.2 118.2 120.4 113.7 115.1 116.5 118.8 121.0 113.1 114.6 116.0 117.9 120.2 1991 1992 1993 1994 1995 121.4 123.4 126.1 129.1 134.2 121.6 123.6 126.3 129.5 134.8 121.7 123.8 126.5 129.9 135.3 121.9 124.1 126.8 130.3 135.9 122.1 124.3 127.0 130.7 136.5 122.2 124.5 127.2 131.2 137.1 122.4 124.8 127.5 131.6 137.6 122.6 125.0 127.7 132.0 138.1 122.7 125.2 128.0 132.4 138.7 122.9 125.4 128.2 132.8 139.2 123.0 125.6 128.5 133.3 139.8 123.2 125.8 128.7 133.7 140.4 121.6 123.6 126.3 129.5 134.8 122.1 124.3 127.0 130.7 136.5 122.6 125.0 127.7 132.0 138.1 123.0 125.6 128.5 133.3 139.8 122.3 124.6 127.4 131.4 137.3 1996 1997 1998 140.9 147.2 154.2 141.4 147.8 154.8 142.0 148.4 155.4 142.5 149.0 143.0 149.6 143.6 150.2 144.1 150.7 144.6 151.3 145.1 151.9 145.6 152.4 146.1 153.0 146.7 153.6 141.4 147.8 154.8 143.0 149.6 144.6 151.3 146.1 153.0 143.8 150.4 79.8 79.1 83.2 85.4 82.7 79.2 80.0 83.4 84.6 83.0 78.2 80.2 83.3 85.3 83.3 78.7 80.5 83.7 85.3 82.7 78.4 80.7 83.7 84.7 82.9 78.1 81.4 83.6 84.4 82.7 78.2 81.8 84.1 83.4 82.6 78.3 81.8 84.5 83.6 82.6 78.2 81.6 84.1 83.3 82.6 78.8 82.6 84.2 82.8 82.0 79.1 82.8 84.8 83.0 80.8 79.7 83.2 85.1 83.2 80.2 79.1 79.8 83.3 85.1 83.0 78.4 80.8 83.7 84.8 82.8 78.2 81.7 84.2 83.4 82.6 79.2 82.9 84.7 83.0 81.0 78.7 81.3 84.0 84.1 82.3 1991 1992 1993 1994 1995 79.6 79.2 81.2 82.1 84.6 78.9 79.5 81.4 82.2 84.2 78.1 79.9 81.3 82.5 83.9 78.2 80.4 81.5 82.7 83.6 78.7 80.4 80.9 83.0 83.5 79.6 80.0 80.9 83.1 83.4 79.5 80.4 81.0 83.3 83.1 79.5 80.0 80.7 83.3 83.6 80.2 80.2 81.4 83.2 83.6 80.0 80.7 81.4 83.5 82.9 79.8 81.0 81.6 83.9 82.7 79.2 80.9 82.1 84.4 82.3 78.9 79.5 81.3 82.3 84.2 78.8 80.3 81.1 82.9 83.5 79.7 80.2 81.0 83.2 83.4 79.6 80.9 81.7 83.9 82.6 79.3 80.2 81.3 83.1 83.4 1996 1997 1998 81.8 82.4 82.8 82.5 82.6 82.3 81.9 82.5 82.2 82.5 82.6 82.7 82.4 82.8 82.3 82.6 82.6 82.5 82.8 82.4 82.7 82.2 83.0 82.5 83.3 82.5 83.3 82.1 82.5 82.4 82.7 82.4 82.5 82.7 82.4 83.2 82.4 82.7 Utilization 1986 1987 1988 1989 1990 1. Quarterly percent changes are at annual rates. Annual percent changes are calculated from annual averages. 10 Table 5B INDUSTRIAL PRODUCTION, CAPACITY AND UTILIZATION FOR MANUFACTURING: HISTORICAL DATA Seasonally adjusted Year Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. Q1 Q2 Q3 Q4 Annual Industrial Production, Percent Change1 1986 1987 1988 1989 1990 1.5 –.8 –.2 .9 –.2 –.5 1.6 .4 –1.2 .9 –.9 .2 –.1 .8 .3 1.4 .5 1.0 .1 –.8 –.1 .3 –.1 –.7 .4 –.3 1.0 .0 .0 –.1 .3 .7 .7 –1.1 .0 .6 –.2 .3 .3 .3 .0 .1 .2 –.3 –.1 .8 1.3 .2 –.6 –.6 .4 .5 .9 .4 –1.3 1.2 .6 .6 .1 –.6 4.5 5.0 2.3 4.3 2.9 1.7 7.0 4.1 –.7 –.1 1.7 5.5 3.7 –4.5 .8 6.7 7.6 5.2 –1.4 –6.3 2.8 5.3 4.7 1.9 –.5 1991 1992 1993 1994 1995 –.9 .4 1.0 .1 .6 –.7 .7 .2 .6 –.2 –1.1 .8 .1 .8 .2 .3 .7 .6 .8 .0 .7 .4 –.5 .8 .2 1.4 –.1 .0 .2 .4 .2 .6 .4 .7 –.2 .2 –.3 –.3 .4 .9 1.1 .4 1.1 .3 .7 –.1 .7 .2 .9 –.4 –.2 .6 .5 .9 .0 –.5 –.1 .9 1.0 –.1 –9.7 2.8 5.0 6.3 6.4 1.2 7.0 1.6 8.8 1.4 7.8 2.4 1.6 6.2 3.9 1.7 5.0 6.2 9.0 1.5 –2.4 4.0 3.8 6.0 5.4 1996 1997 1998 –.1 .3 .0 1.2 .7 –.2 –.6 .4 –.2 1.4 .4 .6 .2 .6 .3 .4 .6 .2 .7 .3 .1 .0 .8 .8 1.0 .5 .4 1.5 6.2 1.8 8.1 4.9 4.9 6.1 4.2 8.1 3.6 5.7 Industrial Production 1986 1987 1988 1989 1990 87.9 89.6 95.4 100.3 98.1 87.4 91.0 95.8 99.1 99.0 86.6 91.2 95.7 99.9 99.3 87.8 91.6 96.7 100.0 98.6 87.7 91.9 96.6 99.4 99.0 87.5 92.8 96.6 99.4 98.9 87.7 93.4 97.3 98.3 98.8 88.2 93.3 97.5 98.7 99.1 88.2 93.4 97.7 98.4 99.0 88.9 94.6 97.9 97.8 98.4 89.3 95.1 98.9 98.2 97.2 90.3 95.6 99.4 98.3 96.6 87.3 90.6 95.6 99.8 98.8 87.7 92.1 96.6 99.6 98.8 88.0 93.4 97.5 98.5 99.0 89.5 95.1 98.7 98.1 97.4 88.1 92.8 97.1 99.0 98.5 1991 1992 1993 1994 1995 95.8 97.4 102.7 106.2 115.1 95.1 98.1 102.9 106.8 114.9 94.1 98.9 103.0 107.7 115.1 94.4 99.6 103.6 108.5 115.1 95.0 100.0 103.1 109.4 115.3 96.3 99.8 103.1 109.6 115.8 96.6 100.5 103.5 110.4 115.5 96.8 100.2 103.2 110.9 116.6 97.8 100.6 104.4 111.2 117.5 97.8 101.3 104.6 112.2 117.0 97.6 101.9 105.2 113.2 117.0 97.1 101.7 106.0 114.3 116.9 95.0 98.1 102.9 106.9 115.0 95.2 99.8 103.3 109.2 115.4 97.0 100.4 103.7 110.8 116.5 97.5 101.6 105.3 113.2 116.9 96.2 100.0 103.8 110.0 116.0 1996 1997 1998 116.7 123.5 131.0 118.1 124.4 130.7 117.4 124.9 130.4 119.0 125.4 119.7 125.7 120.4 126.1 120.9 126.9 121.1 127.9 121.5 128.0 121.5 129.1 122.5 130.4 123.1 130.9 117.4 124.2 130.7 119.7 125.7 121.1 127.6 122.4 130.1 120.2 127.0 Capacity 1986 1987 1988 1989 1990 111.0 113.2 115.2 117.0 119.9 111.2 113.4 115.3 117.3 120.1 111.4 113.6 115.4 117.5 120.3 111.6 113.8 115.6 117.8 120.5 111.7 113.9 115.7 118.0 120.7 111.9 114.1 115.8 118.3 120.9 112.1 114.2 116.0 118.5 121.1 112.3 114.4 116.1 118.7 121.3 112.5 114.6 116.3 119.0 121.5 112.7 114.7 116.5 119.2 121.7 112.9 114.9 116.6 119.5 122.0 113.0 115.0 116.8 119.7 122.2 111.2 113.4 115.3 117.3 120.1 111.7 113.9 115.7 118.0 120.7 112.3 114.4 116.1 118.7 121.3 112.9 114.9 116.6 119.5 122.0 112.0 114.1 115.9 118.4 121.0 1991 1992 1993 1994 1995 122.4 124.6 127.6 130.9 136.6 122.6 124.8 127.8 131.3 137.2 122.8 125.1 128.1 131.8 137.8 123.0 125.3 128.3 132.2 138.5 123.1 125.6 128.6 132.7 139.1 123.3 125.8 128.9 133.2 139.8 123.5 126.1 129.1 133.6 140.4 123.7 126.3 129.4 134.1 141.1 123.8 126.6 129.7 134.6 141.7 124.0 126.8 129.9 135.1 142.4 124.2 127.0 130.2 135.5 143.0 124.3 127.3 130.5 136.0 143.7 122.6 124.8 127.8 131.3 137.2 123.1 125.6 128.6 132.7 139.2 123.7 126.3 129.4 134.1 141.1 124.2 127.0 130.2 135.5 143.0 123.4 125.9 129.0 133.4 140.1 1996 1997 1998 144.3 151.6 159.7 144.9 152.3 160.4 145.6 152.9 161.2 146.2 153.6 146.8 154.3 147.4 155.0 148.0 155.7 148.6 156.3 149.2 157.0 149.8 157.6 150.4 158.3 151.0 159.0 144.9 152.3 160.4 146.8 154.3 148.6 156.3 150.4 158.3 147.7 155.3 79.1 79.1 82.9 85.7 81.8 78.6 80.2 83.1 84.5 82.5 77.8 80.3 82.9 85.0 82.6 78.7 80.6 83.7 85.0 81.8 78.5 80.7 83.5 84.2 82.0 78.1 81.4 83.4 84.1 81.8 78.2 81.8 83.8 83.0 81.6 78.6 81.5 84.0 83.1 81.7 78.4 81.5 84.0 82.7 81.5 78.9 82.5 84.1 82.1 80.9 79.1 82.8 84.8 82.2 79.7 79.9 83.1 85.1 82.1 79.0 78.5 79.9 83.0 85.1 82.3 78.5 80.9 83.5 84.4 81.9 78.4 81.6 83.9 82.9 81.6 79.3 82.8 84.7 82.1 79.9 78.7 81.3 83.8 83.6 81.4 1991 1992 1993 1994 1995 78.2 78.2 80.5 81.1 84.3 77.5 78.6 80.5 81.3 83.7 76.6 79.1 80.4 81.7 83.5 76.8 79.5 80.7 82.1 83.1 77.1 79.6 80.2 82.4 82.9 78.1 79.4 80.0 82.3 82.8 78.2 79.7 80.2 82.6 82.3 78.2 79.3 79.8 82.7 82.6 79.0 79.5 80.5 82.6 82.9 78.9 79.9 80.5 83.0 82.2 78.6 80.2 80.8 83.5 81.8 78.1 79.9 81.3 84.1 81.3 77.5 78.6 80.5 81.4 83.8 77.3 79.5 80.3 82.3 82.9 78.5 79.5 80.1 82.6 82.6 78.5 80.0 80.8 83.5 81.8 77.9 79.4 80.5 82.5 82.8 1996 1997 1998 80.8 81.4 82.0 81.5 81.7 81.5 80.6 81.6 80.9 81.4 81.6 81.6 81.4 81.7 81.3 81.7 81.5 81.5 81.8 81.4 81.6 81.1 81.9 81.5 82.3 81.5 82.3 81.0 81.6 81.5 81.6 81.5 81.5 81.6 81.4 82.2 81.4 81.7 Utilization 1986 1987 1988 1989 1990 1. Quarterly percent changes are at annual rates. Annual percent changes are calculated from annual averages. 11 Table 6 INDUSTRIAL PRODUCTION: INDUSTRY SUBTOTALS AND INDIVIDUAL SERIES Index, 1992 = 100 Item Metal mining Iron ore Nonferrous ores Copper SIC 1997 IP Proportion Seasonally adjusted 1997 Sept. Oct. Nov. Dec.r 1998 Jan.r Feb.r 1997 Sept. Not seasonally adjusted 1998 Oct. Nov. Dec.r Jan.r Feb.r 10 101 102–4,8,9 102 .42 .06 .36 .12 105.3 111.5 104.4 105.6 111.1 121.8 109.4 108.2 113.2 113.1 113.2 114.9 103.8 112.3 102.4 101.5 106.2 116.8 104.5 104.8 108.6 113.8 107.7 106.4 108.3 120.4 106.6 107.6 109.7 120.4 108.2 108.9 111.4 103.5 117.7 110.9 110.5 102.5 111.9 100.3 102.2 104.9 101.9 103.0 107.0 105.2 107.3 107.0 12 .86 109.5 109.6 111.2 117.4 116.0 108.4 112.1 111.6 110.0 113.2 115.3 113.8 13 131 132 138 4.53 3.44 1.83 1.61 .23 .86 104.3 96.5 87.9 108.5 110.3 153.1 103.1 95.9 87.0 108.2 107.6 149.1 102.6 95.4 87.6 106.2 101.8 150.0 101.7 94.6 86.2 106.1 108.1 145.9 103.9 95.8 85.6 110.0 110.4 154.0 104.5 95.8 85.8 109.6 111.9 158.9 103.7 95.3 87.1 106.8 111.6 155.8 102.9 95.0 87.4 105.6 109.3 152.1 104.5 104.4 97.1 96.9 88.3 87.2 109.3 110.2 103.0 106.2 154.1 153.4 104.4 96.7 86.2 111.2 107.8 154.0 104.9 97.0 86.9 111.0 110.7 154.6 14 .60 117.7 116.2 119.2 120.2 122.6 124.6 137.3 136.1 119.3 100.1 91.0 92.1 20 201 108.6 112.1 106.6 102.7 124.8 91.9 104.9 86.3 114.6 96.7 106.9 103.9 109.2 114.4 112.9 102.9 125.2 88.1 103.8 76.0 113.6 88.1 114.1 103.8 110.9 115.3 112.4 102.8 127.7 89.7 104.5 91.8 113.0 90.2 115.7 103.6 110.9 114.7 108.4 106.1 127.9 84.5 102.4 80.4 113.0 85.6 108.3 104.0 112.4 118.8 112.5 112.8 130.8 83.4 104.4 78.8 115.9 88.7 112.4 104.3 111.7 117.9 112.4 116.9 114.7 111.1 104.0 125.6 90.8 98.7 70.8 114.1 74.8 106.6 100.6 114.7 120.1 115.5 110.8 131.5 88.7 96.8 70.8 113.0 73.3 98.2 100.3 110.6 114.2 107.9 109.7 123.9 89.7 96.0 83.9 113.5 75.5 88.9 100.0 107.6 110.9 101.5 110.0 120.9 86.9 98.7 89.9 114.8 91.1 78.5 101.6 107.1 117.2 110.4 111.8 128.0 83.4 100.6 98.5 112.3 91.1 88.0 103.7 105.7 117.0 109.4 202 2021 2022 2023 2024 2026 9.30 1.32 .43 .27 .61 .01 .80 .01 .19 .14 .13 .33 203 204 205 206 207 208 2082,3 2086,7 209 2095 1.21 1.37 .99 .61 .25 1.68 .54 .94 1.06 .13 98.4 119.1 102.1 105.7 98.0 112.8 98.3 126.4 112.7 84.0 95.9 117.5 104.5 107.8 105.3 113.4 95.0 129.9 114.9 82.8 99.6 119.7 106.0 108.6 106.2 116.0 101.3 130.4 113.8 90.8 102.9 120.3 106.5 105.6 108.7 113.9 99.8 127.3 115.5 87.6 104.5 119.5 106.1 111.9 108.4 114.9 104.3 126.0 116.9 87.9 102.8 118.7 105.4 108.8 111.8 113.9 102.6 126.0 117.6 121.4 124.4 114.5 113.4 95.3 121.5 93.3 145.8 123.6 78.6 107.8 122.4 108.3 126.4 109.9 117.4 90.3 135.6 119.3 88.4 100.1 122.4 103.4 126.8 113.6 111.3 89.6 124.8 113.1 95.4 95.7 121.7 100.4 121.8 113.6 102.0 81.8 116.4 114.9 107.1 93.3 117.2 98.9 114.4 112.1 105.2 97.8 114.0 111.7 97.4 92.4 115.2 95.8 103.9 116.3 103.2 95.6 111.2 110.9 21 1.30 112.0 118.8 115.9 110.1 112.3 111.7 115.0 129.8 114.0 89.4 108.9 115.5 Textile mill products 22 Fabrics 221–4 Cotton and synthetic 221,2 Narrow fabrics 224 Knit goods 225 Knit garments 2253,4,7–9 Fabric finishing 226 Carpeting 227 Yarns and miscellaneous 228,9 Cotton and synthetic yarns 2281,2,4 1.52 .38 .31 .04 .42 .31 .13 .19 .40 .19 111.4 111.8 109.6 109.2 112.4 113.0 87.6 108.7 121.2 120.2 111.6 114.1 112.6 110.8 112.8 113.8 92.2 107.2 118.0 113.6 112.5 110.9 109.0 112.2 110.8 113.3 92.6 123.6 118.7 118.3 110.4 113.4 112.6 109.3 110.9 115.3 88.7 99.7 121.7 121.5 111.8 106.3 104.0 111.6 111.4 115.6 89.1 129.6 117.9 113.9 109.4 110.7 109.4 112.9 108.7 111.0 94.1 115.4 112.4 104.1 114.0 109.3 108.6 111.8 121.5 127.1 86.4 113.3 122.4 120.0 117.2 116.9 118.2 110.5 122.1 118.6 95.6 120.8 119.5 115.6 109.7 98.9 109.8 105.0 109.1 102.8 112.2 111.0 107.7 98.3 108.0 104.0 94.9 78.0 110.5 82.0 117.7 111.1 114.2 99.4 105.2 107.0 104.2 111.0 93.2 95.8 89.6 117.1 117.3 113.0 107.9 111.1 108.7 110.0 102.7 105.2 95.6 110.3 114.3 108.4 Apparel products 23 1.77 99.1 99.3 98.6 99.3 98.9 97.6 102.2 101.0 99.4 95.7 95.8 24 241,2 241 243–5,9 243 2435,6 245 2.08 .82 .28 1.26 .68 .15 .21 113.3 106.4 93.0 118.6 117.0 102.6 137.2 112.9 105.2 93.7 118.7 117.7 101.1 136.9 117.0 111.5 94.5 121.2 119.6 102.7 138.1 114.4 108.4 97.9 119.0 118.7 98.6 132.4 114.9 105.3 89.7 122.1 121.9 102.0 144.0 116.3 106.4 90.5 123.8 123.3 100.4 148.6 118.7 113.8 102.3 122.6 120.5 105.9 145.9 119.3 113.1 100.7 124.2 120.9 104.7 152.8 115.1 108.3 108.2 101.0 96.0 95.0 120.4 113.8 120.5 116.6 99.5 90.1 134.6 110.7 109.3 100.7 83.6 115.8 115.3 98.5 124.3 113.6 105.4 85.9 119.8 116.4 100.1 142.1 Coal mining Oil and gas extraction Crude oil and natural gas Crude oil, total Natural gas Natural gas liquids Oil and gas well drilling Stone and earth minerals Foods Meat products Beef Pork Poultry Miscellaneous meats Dairy products Butter Cheese Concentrated milk Frozen desserts Milk and misc. dairy products Canned and frozen food Grain mill products Bakery products Sugar and confectionery Fats and oils Beverages Beer and ale Soft drinks Coffee and miscellaneous Roasted coffee Tobacco products Lumber and products Logging and lumber Logging Lumber products Millwork and plywood Plywood Manufactured homes 128.8 91.6 104.1 86.4 114.9 85.0 115.7 104.4 1. The IP proportion data are estimates of the industries’ relative contributions to overall IP growth in the following year. 12 99.1 128.5 97.9 104.8 104.5 116.0 88.3 108.0 105.9 Table 6 (continued) INDUSTRIAL PRODUCTION: INDUSTRY SUBTOTALS AND INDIVIDUAL SERIES Index, 1992 = 100 Item Furniture and fixtures Household furniture SIC 1997 IP Proportion1 Seasonally adjusted 1997 Sept. Oct. Nov. Dec.r 1998 Jan.r Feb.r 1997 Sept. Not seasonally adjusted 1998 Oct. Nov. Dec.r Jan.r Feb.r 25 251 1.39 .63 122.0 118.7 123.0 119.6 124.1 121.6 124.4 122.6 122.7 120.7 121.7 120.5 129.0 124.3 124.4 121.1 122.9 122.2 119.9 121.1 118.0 116.6 121.5 122.6 26 261–3 261 262 263 265,7 265 267 3.42 1.57 .14 .93 .51 1.85 .63 1.22 113.7 113.8 103.3 110.9 122.6 113.4 118.9 110.5 112.8 114.0 102.5 110.7 124.0 111.6 112.8 110.9 113.6 113.2 105.5 108.6 124.6 113.7 122.9 109.0 114.1 113.7 103.6 111.8 120.1 114.3 119.4 111.6 112.7 113.6 101.6 109.6 124.8 111.8 113.6 110.8 113.8 113.6 103.1 110.5 122.8 113.7 118.1 111.4 113.4 113.2 102.8 109.7 123.0 113.3 120.2 109.6 114.5 113.7 102.6 110.4 123.2 115.0 124.5 109.9 112.5 112.6 104.2 109.2 121.6 112.2 116.8 109.5 110.0 111.0 101.9 109.5 116.4 109.0 106.0 110.1 114.2 114.7 103.6 111.2 124.7 113.5 113.9 113.0 115.0 115.3 104.1 111.7 125.4 114.5 117.6 112.6 Printing and publishing 27 Newspapers 271 Periodicals, books, and cards 272,3,7 Job printing 274–6,8,9 6.58 1.53 2.08 2.97 105.1 96.7 112.0 105.1 106.7 97.2 113.3 107.5 107.4 97.8 114.0 108.2 107.1 98.1 112.1 108.7 106.3 97.9 111.0 107.8 105.5 98.1 107.7 108.1 111.5 97.3 112.0 118.9 109.7 105.3 111.0 111.1 107.2 105.0 104.3 99.2 113.1 113.7 104.7 102.2 100.8 92.8 109.0 99.7 100.7 97.7 107.2 97.9 28 10.01 115.6 116.7 116.5 118.2 118.8 118.7 121.7 118.3 113.2 113.1 115.4 115.8 281,2,6 281 2812 2816 2819 3.83 .75 .08 .08 .46 .35 113.3 92.0 118.9 107.2 83.0 99.3 112.4 91.8 117.5 103.3 83.5 102.9 113.5 91.1 115.9 90.0 84.3 106.0 117.0 94.0 117.9 97.3 87.0 108.5 116.9 95.1 123.3 97.5 88.4 117.6 94.2 120.9 99.1 87.1 114.2 94.1 118.8 105.5 85.9 103.8 112.3 93.9 117.7 98.1 87.3 108.7 112.4 113.5 93.4 90.9 116.5 119.9 88.3 95.7 87.6 83.0 111.1 102.4 115.9 92.0 122.2 96.1 84.4 119.3 96.7 120.9 99.9 90.6 282 2821 2823,4 286 1.41 .92 .35 1.67 125.8 131.5 110.0 116.0 123.4 128.8 108.6 115.8 123.4 131.9 104.1 118.9 127.2 133.4 112.0 122.6 126.7 134.3 110.5 128.2 124.6 130.2 110.8 113.5 121.4 129.2 103.0 116.7 120.2 125.1 107.2 121.6 124.6 131.2 109.2 131.0 114.1 125.9 131.9 110.2 116.8 283–5,9 283 284 285 287 5.56 3.01 1.52 .41 .62 118.4 119.3 119.3 104.4 104.4 121.1 123.5 121.6 105.1 104.7 120.1 121.4 120.7 104.4 102.8 121.0 122.3 120.5 107.3 101.7 122.0 125.1 119.8 106.0 102.8 121.3 124.0 119.5 106.0 102.3 129.3 133.5 129.5 107.6 103.5 124.0 127.0 123.7 110.2 105.5 114.7 114.2 116.2 116.4 115.0 114.5 94.8 83.4 104.9 101.5 116.3 117.0 117.9 90.8 103.2 114.6 115.1 115.1 102.8 103.5 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 1.82 1.65 .39 .29 .05 .15 .76 .18 110.1 109.5 109.5 112.9 77.5 114.4 109.9 112.6 111.2 110.7 111.4 115.5 81.9 111.4 110.7 112.6 108.6 107.9 111.9 112.2 86.2 115.1 104.6 112.0 109.7 108.9 112.2 115.0 82.7 108.1 107.1 114.9 111.3 110.3 116.8 116.2 78.3 105.5 108.3 118.5 110.3 109.0 113.2 111.7 109.8 110.7 118.6 77.1 110.7 109.1 126.8 110.0 110.0 108.5 109.5 102.4 99.2 119.2 120.4 88.1 90.8 117.4 116.3 107.9 111.2 122.1 112.0 103.2 103.8 95.9 111.7 85.9 110.8 105.1 95.2 102.0 102.2 98.8 119.7 114.3 112.7 119.4 116.1 77.1 115.1 111.1 127.1 Rubber and plastics products 30 Tires 301 Other rubber products 302,5,6 Plastics products, nec 308 3.65 .32 .63 2.70 127.6 125.1 124.4 128.8 127.4 118.7 126.1 129.0 129.6 129.1 126.4 130.6 129.3 122.4 125.5 131.2 129.5 122.5 126.4 131.3 129.3 121.8 124.6 131.5 129.3 125.3 129.9 129.8 129.4 127.2 128.7 129.9 129.7 123.9 124.1 131.8 128.5 103.3 120.7 133.7 127.4 125.6 117.5 130.2 129.4 133.5 124.3 130.3 31 314 .18 .07 70.9 69.2 72.4 70.0 71.0 67.1 71.3 66.1 69.4 64.6 70.8 66.3 72.7 70.5 73.5 71.2 72.0 67.9 71.3 66.3 67.7 63.4 69.2 63.9 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 2.24 .30 .11 .19 .12 1.35 121.2 105.7 79.5 127.0 131.5 124.2 121.0 102.1 74.9 124.9 126.5 124.5 122.1 106.6 80.6 122.9 123.2 126.1 123.4 111.1 85.8 125.5 121.9 127.2 122.4 105.8 77.7 137.9 122.2 125.4 122.9 104.5 76.8 125.4 106.0 77.0 150.0 133.7 127.2 125.6 105.1 77.2 151.9 129.9 127.0 121.9 117.4 104.7 98.8 76.3 64.9 119.6 96.3 122.0 111.5 127.3 126.1 114.8 101.8 73.2 81.8 110.3 123.6 117.2 105.3 79.9 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, nec 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 121.7 127.8 1. The IP proportion data are estimates of the industries’ relative contributions to overall IP growth in the following year. 13 116.0 97.9 118.5 123.7 Table 6 (continued) INDUSTRIAL PRODUCTION: INDUSTRY SUBTOTALS AND INDIVIDUAL SERIES Index, 1992 = 100 Item Primary metals Iron and steel Basic steel and mill products Basic iron and steel Pig iron Raw steel 1997 IP SIC Proportion1 33 331,2 331 Seasonally adjusted 1997 Sept. Oct. 3.47 1.86 1.43 .28 .16 .09 125.9 124.5 126.9 111.0 109.9 119.2 Not seasonally adjusted 1998 Oct. Nov. Dec.r Jan.r Nov. Dec.r 1998 Jan.r Feb.r 1997 Sept. 127.4 126.4 130.2 109.2 108.0 117.7 128.9 127.0 130.1 111.1 110.1 120.9 127.2 126.1 128.7 110.0 108.9 119.2 128.1 127.2 129.5 113.0 112.3 122.8 127.3 126.8 130.7 111.7 109.3 123.7 127.3 125.6 127.3 110.0 108.5 118.1 127.7 126.9 129.7 108.1 106.3 117.2 128.2 123.7 125.8 121.8 127.4 123.8 111.2 110.2 111.1 110.8 119.4 116.5 127.1 125.5 129.4 113.5 113.0 123.1 130.9 131.2 135.7 114.5 111.9 128.5 131.6 135.0 127.4 147.1 112.9 130.6 116.4 136.4 148.7 137.9 162.4 121.6 129.8 114.0 135.7 136.8 130.5 157.6 102.7 135.5 116.8 134.2 143.5 132.3 151.6 94.4 132.5 117.7 134.3 130.4 131.4 157.1 116.5 133.6 119.5 136.4 136.8 124.0 159.7 108.6 136.9 114.0 132.4 137.7 129.6 152.9 113.8 129.3 119.7 136.1 149.9 131.9 166.4 110.7 129.7 117.6 132.1 136.7 129.1 162.1 96.5 128.8 120.5 127.8 123.8 127.4 148.0 117.7 126.1 115.3 134.1 130.2 135.2 147.7 102.0 134.8 112.8 142.0 147.1 132.0 157.6 102.6 142.7 116.8 Feb.r Steel mill products Consumer durable steel Equipment steel Construction steel Can and closure steel Miscellaneous steel Iron and steel foundries 332 1.15 .18 .12 .14 .04 .66 .43 Nonferrous metals Primary nonferrous metals Copper Aluminum 333–6,9 333 3331 3334 1.61 .27 .08 .14 127.7 105.5 133.6 89.1 128.6 111.3 142.4 90.0 131.1 111.0 138.9 89.9 128.5 109.9 140.1 90.0 129.2 110.6 139.4 89.8 127.9 109.9 140.2 90.0 129.3 105.6 135.9 88.6 128.6 111.9 144.1 89.7 131.1 126.0 111.5 110.1 141.4 141.3 89.9 90.5 129.0 112.1 141.0 90.3 130.6 112.6 144.1 90.5 Nonferrous products Nonferrous mill products Aluminum Nonferrous foundries 335,6 335 3353–5 336 1.08 .78 .26 .30 128.2 121.8 109.7 149.6 127.9 121.1 108.3 150.5 131.0 125.2 116.8 150.6 127.1 119.4 102.8 152.9 126.4 118.7 103.9 151.9 125.1 117.0 103.3 151.8 129.9 123.6 112.9 151.1 127.2 119.9 106.6 151.1 130.0 123.6 123.1 113.5 109.3 89.4 153.1 156.7 127.2 119.5 105.1 152.7 127.6 120.1 108.8 152.7 Fabricated metal products 34 Metal containers 341 Hardware, tools, and cutlery 342 Hardware and tools 3423,5,9 Structural metal products 344 Other fabricated metal products 345–9 Fasteners, stampings, etc. 345–7 5.25 .16 .55 .47 1.43 2.90 1.64 122.7 102.0 121.8 120.0 122.8 124.8 129.4 124.4 102.3 124.9 123.8 123.1 127.4 133.7 124.7 96.9 122.4 121.0 124.0 128.2 133.7 126.7 105.0 125.2 124.5 125.5 129.5 135.3 125.8 101.5 125.6 124.7 126.4 128.4 133.2 125.1 99.3 123.8 122.5 126.8 127.1 131.1 127.7 106.5 128.9 128.0 126.0 128.5 135.5 126.7 97.0 126.6 125.3 125.2 128.6 135.8 125.3 86.6 121.4 118.8 126.5 127.9 131.9 126.3 93.4 122.1 120.0 128.3 128.3 130.5 121.4 90.3 118.5 116.9 123.5 124.7 126.3 123.3 84.1 122.9 121.8 122.1 128.2 132.8 Industrial machinery and equipment 35 Engines and turbines 351 Farm 352 Construction and allied 353 Metalworking 354 Special industry machinery 355 General industrial machinery 356 Bearings and gears 3562,6,8 Equipment 3561,3–5,7,9 Computer and office equip. 357 Service industry machines 358 Refrig. and heating equip. 3585 Miscellaneous machinery 359 8.66 .43 .52 .94 1.13 .91 1.12 .33 .79 1.48 .82 .56 1.31 173.7 119.0 154.9 154.6 132.7 150.7 121.6 119.8 122.5 412.0 123.8 119.7 157.7 176.5 119.3 155.8 156.7 136.8 151.8 123.6 119.9 125.3 418.0 124.4 118.9 162.1 177.7 116.7 158.2 156.8 137.1 152.0 123.3 120.9 124.4 425.7 129.3 126.0 162.0 178.6 116.4 157.3 160.4 138.3 151.3 125.0 120.8 126.8 438.3 128.4 124.8 158.1 179.5 118.8 152.5 157.0 135.3 152.3 124.9 122.9 125.8 452.7 130.4 129.3 160.8 179.4 116.6 152.7 155.8 133.0 151.3 123.6 122.7 124.0 463.6 135.3 135.1 158.1 180.8 119.4 153.9 157.9 142.8 150.8 128.1 120.3 131.6 430.2 124.0 119.1 169.2 178.9 119.7 165.8 163.3 137.5 150.8 124.0 120.0 125.7 420.1 125.1 119.3 162.7 174.5 119.5 154.1 156.0 132.1 153.6 121.1 121.4 120.9 415.2 124.7 118.0 156.0 172.3 121.9 141.3 146.7 131.8 156.4 121.7 125.1 120.1 430.0 116.7 104.9 150.3 174.4 120.7 160.5 158.2 127.3 153.2 119.9 124.4 117.9 427.7 125.3 121.6 150.6 181.6 118.1 172.5 165.5 131.7 151.9 123.4 124.3 123.0 448.6 142.1 145.1 155.6 Electrical machinery Major electrical and parts Electric distribution equip. Household appliances Cooking equipment Refrigerators and freezers Laundry Miscellaneous Electrical housewares Appliances, nec 36 361,2 361 363 3631 3632 3633 3634,5,9 3634 3639 8.33 .98 .33 .44 .08 .07 .08 .21 .05 .11 237.5 119.4 119.4 118.6 117.8 112.3 115.0 121.8 104.7 152.4 240.8 121.3 117.2 122.9 119.5 120.2 127.1 123.0 106.8 137.8 247.4 123.1 120.0 129.2 120.6 127.5 127.8 133.0 104.9 154.8 249.9 124.0 122.5 126.4 112.8 114.9 137.2 131.3 107.8 149.8 253.0 122.1 117.0 134.2 130.4 129.2 153.3 129.9 108.9 155.5 254.3 119.6 116.0 132.5 124.4 140.4 144.2 128.0 109.6 155.5 242.5 126.7 130.8 122.7 123.1 118.7 120.0 124.3 112.3 149.3 243.9 121.8 119.4 133.0 135.3 127.6 141.5 130.4 116.2 153.4 249.7 119.4 115.6 126.7 125.3 111.3 131.1 130.6 113.8 153.5 251.9 118.5 115.9 114.4 101.2 82.2 120.9 128.0 109.7 146.8 248.3 116.8 110.5 129.3 123.7 119.7 145.6 128.4 102.2 153.1 253.5 117.3 113.1 140.9 130.1 148.5 162.1 134.1 102.2 167.9 Audio and video equipment Communication equipment Electronic components Semiconductors Misc. electrical supplies Storage batteries 365 366 367 3672–9 369 3691 .13 2.05 3.44 3.37 .64 .10 98.5 180.8 498.5 515.5 122.2 108.3 99.9 181.3 509.8 527.3 119.6 105.2 98.5 184.6 528.3 546.4 125.9 128.9 100.1 184.8 539.8 560.3 122.5 101.7 103.0 183.6 556.5 577.5 122.8 107.8 106.5 183.9 564.8 585.5 125.4 110.3 111.4 181.6 500.9 517.0 129.3 145.6 118.2 182.2 511.8 526.6 123.5 118.6 111.8 188.9 535.1 551.8 129.9 136.9 94.3 193.3 550.9 572.9 127.8 113.7 95.0 183.4 550.6 571.7 121.3 91.7 103.7 183.1 563.4 584.1 123.9 102.1 Transportation equipment Motor vehicles and parts Autos Trucks and truck trailers Trucks and buses Consumer trucks Business trucks Motor vehicle parts Motor homes 37 371 3714 3716 8.95 5.16 1.33 1.65 1.57 .93 .63 2.12 .06 118.8 141.2 111.6 156.0 156.3 166.5 144.7 155.3 129.9 118.3 139.6 107.2 156.6 156.8 168.6 143.0 155.3 108.0 121.6 145.9 112.0 172.2 172.4 179.8 164.8 154.9 136.1 123.4 146.6 106.1 170.0 169.8 175.7 164.2 163.7 132.8 119.8 138.3 108.0 160.6 160.5 168.2 152.3 147.5 120.0 119.7 137.7 98.4 167.7 167.6 171.6 164.4 149.5 104.7 118.8 141.7 109.4 162.4 162.6 172.1 149.4 154.1 124.1 124.2 152.5 120.9 174.8 176.0 189.1 157.6 163.4 121.8 121.7 145.5 113.3 171.9 172.3 178.9 163.0 154.0 116.8 113.8 124.3 91.1 143.8 142.8 147.3 136.3 138.7 100.8 116.6 131.4 96.2 145.4 145.0 149.9 137.9 151.5 112.4 126.5 151.4 111.5 188.0 188.3 191.5 183.5 159.3 113.5 372–6,9 372 373 374–6,9 3.79 2.66 .38 .76 96.8 103.7 83.2 82.1 97.3 104.4 84.7 81.5 97.9 105.9 83.5 80.3 100.6 109.4 84.1 81.7 101.5 109.8 88.4 82.4 101.9 109.9 89.8 83.0 96.3 103.0 83.5 81.7 96.7 104.0 83.7 80.6 98.4 103.0 106.8 112.7 83.4 86.4 80.0 81.4 101.7 110.3 88.1 82.0 102.1 110.8 87.7 82.3 Aerospace and miscellaneous transportation equipment Aircraft and parts Ships and boats Railroad and miscellaneous 1. The IP proportion data are estimates of the industries’ relative contributions to overall IP growth in the following year. 14 Table 6 (continued) INDUSTRIAL PRODUCTION: INDUSTRY SUBTOTALS AND INDIVIDUAL SERIES Index, 1992 = 100 Item Instruments Scientific and medical Medical instruments 1997 IP SIC Proportion1 Seasonally adjusted 1997 Sept. Oct. Nov. Dec.r 1998 Jan.r Feb.r 1997 Sept. Not seasonally adjusted 1998 Oct. Nov. Dec.r Jan.r Feb.r 38 381–4 384 4.68 3.83 1.42 108.9 107.4 111.8 109.7 108.7 114.8 109.5 108.6 111.7 109.0 107.7 112.6 110.0 109.1 112.3 109.5 108.5 109.6 112.1 111.2 122.7 110.1 109.0 116.4 108.8 109.3 107.5 107.9 107.6 106.8 107.3 106.1 104.6 108.1 106.9 104.2 Misc. manufactures Consumer goods Business supplies 39 391,3,4,6 395,9 1.37 .67 .70 126.1 122.2 130.1 126.5 121.8 131.4 126.2 121.0 131.4 128.5 124.3 132.8 128.0 122.1 133.9 128.4 121.8 135.1 129.0 124.9 133.0 130.3 126.7 134.0 130.5 129.7 127.2 125.9 133.9 133.6 123.6 118.4 129.0 126.1 120.4 131.9 Electric utilities Generation Fossil fuel Hydro and nuclear 491,3pt 6.08 2.47 1.18 1.29 115.7 115.4 118.3 113.0 118.1 115.3 118.5 112.5 114.7 112.5 113.8 111.5 114.2 111.7 117.4 106.7 110.2 108.3 107.5 109.2 111.1 109.4 118.0 113.1 120.8 106.2 108.8 103.7 111.6 96.6 106.2 114.0 106.0 111.8 108.1 114.5 104.3 109.5 117.2 113.5 109.6 117.5 111.0 111.9 3.60 1.51 2.09 1.29 .80 116.0 116.5 115.8 120.4 109.1 120.2 123.0 118.2 124.6 108.9 116.3 118.1 115.0 119.9 108.1 115.9 117.7 114.7 120.0 107.1 111.6 110.3 112.6 116.7 106.6 112.3 112.4 104.5 118.1 123.0 111.0 106.5 115.7 102.4 122.5 109.5 110.9 111.7 115.4 106.3 104.3 119.9 132.1 111.1 116.4 103.4 110.6 112.6 121.6 121.3 121.9 128.7 111.9 105.8 1.55 .70 .27 .48 112.7 103.0 124.9 115.4 111.9 104.9 123.6 111.3 117.8 112.6 128.6 115.4 115.0 107.6 119.4 117.4 109.2 102.7 116.0 106.2 100.9 114.2 60.0 33.5 61.8 87.0 77.4 60.2 82.5 92.8 126.0 125.7 139.8 119.1 194.8 221.7 212.7 170.3 192.2 192.4 Sales Residential Nonresidential Commercial and other Industrial Gas utilities Residential Commercial and other Gas transmission 492,3pt 170.0 184.0 182.4 147.6 1. The IP proportion data are estimates of the industries’ relative contributions to overall IP growth in the following year. Table 7 INDUSTRIAL PRODUCTION: GROSS VALUE OF PRODUCTS Billions of 1992 dollars at annual rates, seasonally adjusted 1996 Item 1992 1997 Q4 Products, total Final products Consumer goods Durable Automotive products Other durable goods Nondurable Equipment, total Business and defense Business Defense and space Intermediate products Construction supplies Business supplies Commercial energy products 1997 Q1 Q2 Q4r Q3 1998 Q1p 1997 Oct. Nov. Dec.r 1998 Jan.r Feb.r Mar.p 2001.9 2384.3 2317.4 2343.8 2361.5 2389.1 2431.2 2436.0 2416.1 2442.2 2435.3 2441.0 2433.9 2433.2 1552.1 1863.3 1805.9 1828.0 1840.7 1868.0 1902.1 1905.2 1890.6 1911.0 1904.9 1912.1 1902.2 1901.2 1049.6 1201.0 1182.5 1188.3 1190.7 1199.8 1218.6 1218.0 1215.9 1224.1 1215.7 1224.8 1215.0 1214.4 238.3 314.0 302.2 309.4 305.4 311.8 322.1 321.9 315.2 328.6 322.7 324.9 321.0 319.6 123.8 162.5 154.4 160.5 154.7 159.9 168.7 163.7 164.4 173.5 168.0 166.3 163.1 161.8 114.4 151.8 148.2 149.1 151.1 152.2 153.5 158.6 150.8 154.8 154.7 159.0 158.4 158.3 811.3 887.4 880.3 879.3 885.4 888.5 897.4 897.1 901.0 897.0 894.1 900.9 895.0 895.6 502.5 483.9 399.2 84.7 662.0 634.8 570.8 64.1 622.7 597.2 531.9 65.2 639.3 612.3 547.9 64.5 649.6 621.8 557.4 64.5 668.0 640.3 576.8 63.7 683.6 657.1 593.9 63.5 687.3 658.3 594.0 64.6 674.5 647.7 584.4 63.5 686.9 659.9 596.9 63.4 689.4 663.6 600.4 63.5 687.4 659.3 595.5 64.1 687.4 658.0 593.5 64.8 687.0 657.7 593.0 64.9 449.9 177.2 272.7 70.4 521.7 215.9 305.5 81.5 511.7 212.4 299.0 80.8 516.1 214.3 301.6 80.3 521.1 216.6 304.2 81.9 521.9 215.3 306.3 82.2 530.1 217.4 312.3 84.2 531.7 220.4 310.9 82.4 526.5 214.8 311.4 84.8 532.3 219.6 312.3 84.5 531.4 217.8 313.3 83.3 530.1 219.4 310.4 82.0 532.4 222.0 310.0 81.0 532.6 219.9 312.4 84.2 Table 8 DIFFUSION INDEXES OF INDUSTRIAL PRODUCTION Percent Year One Month Earlier 1996 1997 1998 Three Months Earlier 1996 1997 1998 Six Months Earlier 1996 1997 1998 Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. 38.9 50.2 53.6 63.8 64.9 49.4 56.6 54.0 57.4 54.2 59.6 50.2 61.9 52.8 54.0 57.2 55.5 52.3 54.3 54.4 50.6 55.7 57.0 62.1 56.4 50.4 43.0 53.2 61.0 53.6 63.0 47.7 54.0 58.9 69.1 63.0 66.0 54.7 67.5 52.8 62.3 55.1 60.8 59.3 56.6 55.9 58.1 54.2 55.8 66.7 58.9 62.9 48.7 63.0 59.1 49.4 65.3 61.7 55.5 64.2 58.9 60.8 61.5 59.1 69.1 61.5 67.5 63.9 63.8 60.8 66.0 60.1 60.4 60.8 60.8 66.2 57.0 64.3 Note—The diffusion indexes are calculated as the percentage of series that increased over the indicated span (one, three, or six months) plus one–half the percentage that were unchanged. 15 Table 9 ELECTRIC POWER USE: MANUFACTURING AND MINING Index, 1992 = 100 1992 Billion KWH 934.1 1997 Sept. 105.6 105.2 1997 Sept. 109.2 Not seasonally adjusted 1998 Oct. Nov. Dec.r Jan.r 107.5 104.9 105.4 103.4 Oct. 106.2 Nov. 105.8 Feb.p 102.3 854.0 365.8 488.3 80.1 105.7 105.2 106.2 103.1 106.5 106.6 106.4 102.7 105.9 106.4 105.5 103.0 105.3 104.6 105.8 103.9 109.7 108.5 110.6 102.5 107.8 107.7 107.9 102.5 104.9 104.9 104.9 104.5 105.3 105.4 105.2 106.6 103.2 103.4 103.1 106.4 102.2 102.6 102.0 103.5 INDUSTRY GROUPS and SERIES Metal mining 10 Iron ore 101 Copper ore 102 18.6 7.3 6.6 111.6 108.3 119.0 115.7 120.7 119.3 118.5 128.6 121.0 119.8 129.3 120.1 112.3 110.5 120.6 116.2 118.6 121.6 115.7 119.7 120.8 117.6 122.1 121.8 121.1 128.3 123.8 116.0 124.0 119.2 Coal mining 12 12.7 97.1 98.6 95.4 95.0 94.8 94.7 98.8 105.4 105.9 106.3 Oil and gas extraction Crude oil and natural gas Natural gas liquids 13 131 132 91.8 90.7 91.3 97.9 97.7 90.9 96.1 96.5 87.7 93.9 93.9 88.2 96.3 97.0 86.6 94.7 94.1 92.1 91.9 91.0 90.8 95.1 95.1 89.9 98.0 98.1 91.3 98.3 98.4 91.7 94.7 95.4 82.7 Stone and earth minerals Crushed stone Sand and gravel Chemical and fertilizer materials 111.3 146.1 111.2 98.1 114.1 146.7 109.8 103.5 113.9 150.0 110.0 102.3 112.1 152.7 111.3 98.0 110.5 163.7 105.5 94.7 108.9 155.9 102.4 94.0 115.5 156.7 120.7 99.9 116.5 159.6 120.2 101.9 116.4 163.9 117.6 101.5 111.2 154.4 109.7 97.3 103.7 137.1 91.7 95.5 101.2 130.8 84.5 94.4 Foods Meat products Dairy products Canned and frozen food Grain mill products Bakery products Sugar and confectionery Fats and oils Beverages Coffee and miscellaneous 58.8 10.3 6.8 8.1 11.4 3.5 4.0 3.9 6.1 4.7 110.4 116.8 100.6 104.2 123.0 108.7 106.8 100.6 106.0 109.5 111.8 117.6 102.7 101.5 123.7 111.4 106.8 111.7 108.7 111.9 112.3 118.7 103.8 105.2 122.9 113.1 103.4 109.7 109.1 109.2 114.1 122.6 106.0 108.7 126.7 113.8 101.4 106.5 106.4 111.5 113.7 120.8 104.9 110.4 124.9 113.4 99.0 104.1 105.2 112.8 113.4 122.5 107.9 108.7 121.5 112.7 102.2 108.6 104.2 113.4 121.9 129.0 109.7 128.3 127.3 121.8 106.5 98.0 122.2 122.4 116.4 120.4 103.4 114.0 129.4 115.4 108.3 108.6 113.5 115.8 111.7 116.3 98.8 105.5 127.0 110.3 116.2 112.8 104.3 107.6 109.4 117.5 99.6 101.0 122.9 107.3 113.1 114.5 97.3 107.4 107.7 114.8 98.8 98.4 123.4 105.6 107.0 114.7 95.2 105.5 105.7 112.5 98.2 97.5 120.5 102.4 106.0 112.2 91.9 104.1 21 1.5 105.4 104.5 106.6 101.0 101.1 97.2 117.2 111.3 105.3 95.3 92.7 97.2 Textile mill products Fabrics Knit goods Fabric finishing Yarn and thread Miscellaneous textiles 22 221–4 225 226 228 229 31.5 11.8 4.1 2.5 8.3 3.4 111.1 108.8 105.6 127.0 104.0 125.0 107.5 101.5 106.4 130.1 98.5 121.5 114.2 109.1 105.0 127.9 104.9 139.5 117.1 116.8 106.8 128.2 110.0 130.2 116.9 116.2 107.2 132.1 105.9 131.3 111.4 108.0 99.3 123.6 108.2 130.1 122.3 119.9 119.0 135.9 115.6 134.9 111.2 105.8 111.0 131.0 103.6 127.6 111.7 105.8 100.2 129.4 101.7 136.5 108.6 107.6 96.5 124.5 100.8 122.1 99.5 98.7 88.9 121.0 88.3 114.5 107.1 103.1 94.2 123.2 102.5 123.3 Apparel products Men’s outerwear Women’s outerwear 23 231,2 233 8.2 2.0 2.5 93.6 87.2 119.0 97.1 89.7 122.9 97.4 89.6 120.4 99.9 91.3 124.9 101.2 89.6 123.4 94.3 86.0 112.4 108.7 98.3 140.1 99.5 91.7 126.3 92.7 86.5 114.2 91.2 84.4 112.0 87.3 79.6 106.1 88.1 80.9 104.2 Lumber and products Lumber Millwork and plywood 24 242 243 19.8 7.7 5.6 121.8 121.0 133.3 120.5 119.3 132.8 118.7 117.5 128.7 120.3 119.9 132.3 118.0 119.8 128.3 114.7 115.7 125.8 121.3 119.2 133.0 119.8 117.8 132.3 119.9 119.6 129.8 120.4 120.0 132.3 119.0 120.6 129.6 119.3 121.2 129.3 Furniture and fixtures Household furniture 25 251 6.0 3.2 116.4 110.4 117.2 111.2 119.1 113.5 119.2 114.4 117.6 112.7 113.6 109.1 123.5 115.7 118.6 112.6 117.5 112.0 116.7 113.1 112.4 108.8 113.9 111.0 Paper and products Wood pulp Paper Paperboard Paperboard containers Converted paper products 26 261 262 263 265 267 113.3 8.8 62.3 28.3 5.1 8.9 103.2 89.0 102.6 117.4 103.3 100.3 105.1 91.7 104.3 119.9 104.9 102.8 103.3 86.4 102.4 118.1 107.2 100.4 105.0 86.1 104.8 120.0 103.7 103.0 102.6 86.4 101.2 115.7 106.8 103.7 102.4 84.0 102.4 114.1 105.1 98.2 104.7 85.7 103.8 117.7 108.8 104.4 105.3 89.0 104.4 119.3 106.9 103.9 103.6 90.0 102.8 117.3 106.8 99.8 104.7 91.4 104.6 119.0 101.3 100.9 102.5 89.2 102.1 116.0 102.7 98.1 100.4 82.4 100.8 113.1 101.5 95.1 Printing and publishing Newspapers Commercial printing 27 271 275 17.3 3.6 9.2 108.9 103.8 115.4 112.5 105.2 119.0 111.6 103.3 119.8 112.6 105.0 120.8 112.0 103.4 119.0 112.7 105.4 119.9 122.4 114.3 130.3 115.9 106.8 123.2 108.0 99.7 116.2 106.7 102.0 113.3 104.3 98.9 110.0 102.4 97.0 108.5 Chemicals and products 28 Basic chemicals 281 Alkalies and chlorine 2812 Inorganic chemicals, nec 2819 Acid and fertilizer materials Nuclear materials, nondefense 171.7 78.9 14.9 38.3 14.0 24.3 103.5 96.1 79.4 91.9 102.0 86.9 101.4 91.7 79.4 84.9 108.3 73.3 100.9 92.7 82.3 81.9 105.5 70.2 102.4 93.8 80.6 83.0 103.0 73.1 100.4 92.3 84.2 83.4 100.0 75.2 100.6 93.1 85.2 84.0 97.0 77.5 104.9 95.9 76.9 89.7 102.4 83.5 102.3 92.6 80.9 85.9 106.6 75.7 100.1 92.2 80.4 82.1 106.1 70.3 101.8 94.3 80.6 84.9 104.8 75.1 101.7 94.4 82.6 86.9 103.7 78.6 97.7 90.6 82.7 81.4 95.3 74.5 Item Total 107.4 1998 Jan.r 105.7 105.9 106.2 105.7 104.6 107.6 108.2 107.1 104.1 115.7 114.1 122.2 115.2 117.4 120.7 100.8 98.1 36.0 31.0 3.6 95.2 94.8 92.4 14 142 144 147 12.8 3.5 2.7 4.7 20 201 202 203 204 205 206 207 208 209 1987 SIC MAJOR INDUSTRY GROUPS Manufacturing Durable Nondurable Mining Tobacco products Seasonally adjusted 16 Dec.r Feb.p Table 9 (continued) ELECTRIC POWER USE: MANUFACTURING AND MINING Index, 1992 = 100 1987 SIC 1992 Billion KWH Seasonally adjusted 1997 Sept. Oct. Chemicals and Products (cont.) Synthetic materials 282 Plastics materials 2821 Drugs and medicines 283 Soap and toiletries 284 Industrial organic chemicals 286 Agricultural chemicals 287 29.2 18.3 6.7 3.0 39.2 9.7 109.5 129.7 127.9 111.4 119.3 114.0 Petroleum products 29 47.0 Rubber and plastics products Tires Rubber products, nec Plastics products, nec 30 301 306 308 Leather and products Shoes Stone, clay, & glass products Flat glass Pressed and blown glass Cement Structural clay products Concrete products Not seasonally adjusted 1998 Oct. Nov. Dec.r Jan.r Nov. Dec.r 1998 Jan.r Feb.p 1997 Sept. 110.1 133.4 132.4 113.6 123.9 113.6 108.5 137.2 132.1 112.9 113.9 109.0 110.2 135.2 133.1 112.8 116.7 106.6 105.8 132.0 136.4 109.5 112.6 108.2 106.3 132.6 133.8 107.0 109.0 106.5 111.6 132.5 143.1 121.0 121.7 112.6 110.6 132.5 136.4 115.6 125.7 112.5 107.1 134.4 126.6 107.6 113.0 109.6 108.4 134.6 126.9 107.2 114.8 107.8 106.4 131.5 127.7 107.8 113.6 109.1 103.7 127.9 124.3 103.2 107.2 105.6 104.1 110.5 103.9 102.7 100.1 109.1 108.3 110.1 103.5 104.4 101.6 103.3 38.0 4.3 3.2 28.9 121.1 107.3 114.6 125.5 122.1 108.4 115.9 126.4 122.5 108.2 116.4 127.0 124.4 110.5 115.3 129.3 124.7 109.0 116.5 129.8 120.6 108.5 112.1 124.8 127.2 115.4 120.0 131.3 124.9 112.0 118.4 129.1 121.6 108.2 114.2 126.0 119.1 101.9 111.0 124.4 114.5 99.3 108.2 119.2 119.4 107.1 112.0 123.5 31 314 1.0 .3 80.8 75.2 86.9 81.7 84.9 81.8 85.9 85.3 83.7 82.7 82.9 79.5 87.9 85.3 86.8 83.0 82.8 78.6 81.3 78.9 79.7 76.8 81.6 77.1 32 321 322 324 325 327 33.8 1.5 7.3 9.6 1.4 4.7 108.7 103.5 105.7 108.7 104.5 110.7 107.6 104.7 102.8 107.6 99.5 112.6 107.5 109.0 104.2 104.8 100.2 112.7 111.4 108.8 107.1 113.2 101.8 113.3 110.6 108.7 104.9 115.5 99.6 113.2 109.2 105.8 102.5 111.4 99.3 113.7 112.2 107.4 108.0 114.1 107.6 114.3 111.3 106.4 105.5 115.3 100.8 115.2 109.6 108.7 104.2 111.6 101.1 114.4 110.9 107.7 103.8 116.9 102.2 113.6 106.4 104.2 102.0 106.9 95.2 110.3 102.1 103.3 101.3 92.7 95.8 108.3 Primary metals Basic steel and mill products Iron and steel foundries Primary nonferrous metals Aluminum Nonferrous foundries 33 331 332 333 3334 336 150.9 57.0 9.9 66.2 60.3 2.7 97.5 111.3 111.1 77.3 66.4 121.8 97.8 114.5 109.0 76.1 64.4 123.0 98.0 112.7 111.9 77.6 67.5 122.8 99.7 115.9 113.1 77.2 66.3 125.0 97.3 109.8 115.1 76.2 64.6 126.0 97.0 108.8 110.1 76.8 68.8 120.9 96.6 109.0 114.3 75.5 63.6 124.9 98.5 113.6 112.5 76.6 64.4 126.2 97.1 110.5 115.4 75.9 63.6 125.0 98.6 113.4 110.8 77.1 64.2 123.7 97.4 111.6 108.6 77.1 64.0 122.0 95.6 109.3 112.8 73.4 62.5 124.0 Fabricated metal products Metal containers Hardware, tools, and cutlery Structural metal products Fasteners Metal stampings 34 341 342 344 345 346 31.4 2.9 2.7 5.4 1.7 6.7 112.7 107.1 107.0 111.5 113.3 117.4 116.0 109.4 111.7 113.8 117.8 120.8 114.9 106.9 108.7 112.7 114.9 124.8 117.3 111.4 111.9 113.6 118.3 125.4 115.4 109.9 112.2 111.4 114.8 124.9 113.0 107.0 109.5 111.5 112.2 121.5 118.0 111.6 114.2 114.5 119.7 123.2 116.9 109.5 113.1 113.6 119.5 123.0 113.4 106.1 106.8 111.9 112.8 123.2 113.3 104.9 107.9 111.7 113.0 121.0 110.4 105.1 105.2 110.1 108.3 117.9 113.6 106.2 108.8 113.2 113.1 123.3 Industrial machinery and equipment Engines and turbines Farm Construction and allied Metalworking Special industry General industrial Computer and office equip. Service industry machines 35 351 352 353 354 355 356 357 358 33.2 2.6 2.0 3.8 4.1 2.4 5.2 5.1 3.5 106.9 103.9 111.7 103.2 107.9 124.2 109.2 85.8 107.0 109.7 106.6 111.1 112.2 113.9 120.7 113.1 84.9 109.2 108.8 107.8 106.3 108.8 111.5 123.0 111.1 85.2 110.8 111.2 110.0 106.2 111.0 112.4 122.7 113.3 84.7 111.7 108.3 111.1 101.9 110.5 109.9 121.0 112.4 88.0 110.0 106.5 105.9 99.0 107.5 107.1 119.2 108.8 85.5 108.3 113.9 109.0 109.2 111.3 116.2 133.8 117.3 89.6 115.4 109.9 107.1 106.4 110.3 114.5 121.9 113.5 85.4 109.9 106.0 108.2 105.7 107.9 107.5 117.7 108.0 83.1 107.6 104.3 106.1 104.7 104.2 107.2 117.6 107.3 83.2 103.4 103.0 105.6 104.1 105.0 103.4 113.9 105.4 83.2 99.9 104.8 107.9 105.5 106.8 106.1 117.7 107.9 82.8 104.1 Electrical machinery Electrical distribution Electrical industrial Household appliances Lighting and wiring products TV and radio sets Communication equipment Electronic components 36 361 362 363 364 365 366 367 33.0 1.3 4.0 2.4 3.0 .8 3.3 14.5 111.6 96.4 92.1 96.7 109.9 122.7 104.1 124.9 114.7 94.5 95.1 97.8 112.0 123.7 110.1 127.7 113.8 96.4 95.8 94.3 111.0 119.4 106.9 126.7 116.2 98.4 95.7 99.9 114.7 123.8 108.0 128.7 116.9 93.8 95.8 99.4 112.9 124.8 110.6 131.0 112.8 91.7 92.7 98.7 111.0 118.9 103.8 127.6 119.7 105.6 96.0 100.5 115.8 130.9 114.9 134.0 116.1 96.2 94.8 99.1 113.9 127.1 110.1 128.8 111.0 92.9 93.2 92.2 109.6 117.7 102.8 123.6 111.8 93.0 92.0 94.6 109.3 119.7 104.5 124.9 110.3 88.6 92.2 95.9 106.1 119.1 102.7 123.8 108.9 89.4 91.1 97.4 110.9 113.4 98.0 122.0 Transportation equipment Motor vehicles and parts Aircraft and parts Ships and boats 37 371 372 373 39.6 22.8 10.7 2.2 109.3 120.3 92.6 82.1 112.8 126.8 93.1 73.2 111.9 124.2 93.4 89.9 113.8 126.1 95.8 87.2 111.3 123.0 93.7 90.8 107.5 119.9 89.2 86.9 116.6 129.3 98.5 83.0 114.0 128.2 94.7 71.6 109.5 121.8 91.0 87.8 108.1 119.3 91.7 86.8 105.3 115.8 88.5 91.6 105.2 116.8 86.6 89.8 Instruments Photographic equip. & supplies 38 386 13.7 1.8 95.7 91.2 96.8 85.5 98.3 93.0 97.4 91.9 96.9 90.0 95.0 93.0 103.9 96.0 98.7 88.3 94.4 88.8 92.3 87.2 92.1 89.9 92.0 91.7 39 4.5 122.7 127.2 120.6 125.7 127.5 122.7 132.1 128.7 117.4 119.2 117.7 119.4 909.8 835.3 98.8 106.4 106.3 100.2 107.7 106.3 103.5 107.5 105.9 100.1 108.9 107.8 99.2 107.1 106.3 96.1 106.4 105.1 99.4 110.4 109.9 98.4 108.9 107.7 104.3 106.5 105.3 99.3 106.7 105.5 103.1 104.6 103.6 101.3 103.6 102.8 94.9 Item Miscellaneous manufactures SUPPLEMENTARY GROUPS Total, excluding nuclear nondefense Utility sales to industry Industrial generation 17 Feb.p Explanatory Note The statistical release of Industrial Production and Capacity Utilization reports measures of output, capacity, and capacity utilization in manufacturing, mining, and the electric and gas utilities industries. The release also includes monthly indexes on the use of electric power in manufacturing and mining. Data in the release and historical data are available under statistical releases at http://www.bog.frb.fed.us, the Board’s World Wide Web site. These data are also available on line on the day of issue through the Economic Bulletin Board of the Department of Commerce. For information, call (202) 482-1986. Diskettes containing historical data and the data published in this release are available from the Board of Governors of the Federal Reserve System, Publications Services, (202) 452-3245. Industrial Production Coverage. The industrial production (IP) index measures output in the manufacturing, mining, and electric and gas utilities industries; the reference period for the index is 1992. For the period since 1992, the total IP index has been constructed from 264 individual series based on the 1987 Standard Industrial Classification (SIC). These individual series are classified in two ways: (1) market groups (shown in table 1), such as consumer goods, equipment, intermediate products, and materials; and (2) industry groups (shown in tables 2 and 6), such as two-digit SIC industries and major aggregates of these industries—for example, durable and nondurable manufacturing, mining, and utilities. Market groups. For purposes of analysis, the individual IP series are grouped into final products, intermediate products, and materials. Final products are assumed to be purchased by consumers, businesses, or government for final use. Intermediate products are expected to become inputs in nonindustrial sectors, such as construction, agriculture, and services. Materials are industrial output requiring further processing within the industrial sector. Total products comprise final and intermediate products, and final products are divided into consumer goods and equipment. Timing. The first estimate of output for a month is published around the 15th of the following month. The estimate is preliminary (denoted by the superscript “p” in tables) and subject to revision in each of the subsequent three months as new source data become available. (Revised estimates are denoted by the superscript “r” in tables.) After the fourth month, indexes are not revised further until the time of an annual revision or a benchmark revision. The last three benchmark revisions were published in 1990, 1985, and 1976. Source data. In annual or benchmark revisions, the individual IP indexes are constructed from a variety of source data, such as the quinquennial Censuses of Manufactures and Mineral Industries and the Annual Survey of Manufactures, prepared by the Bureau of the Census; the Minerals Yearbook, prepared by the Department of the Interior; and publications of the Department of Energy. On a monthly basis, the individual indexes of industrial production are constructed from two main types of source data: (1) output measured in physical units and (2) data on inputs to the production process, from which output is inferred. Data on physical products, such as tons of steel or barrels of oil, are obtained from private trade associations as well as from government agencies including those listed above; data of this type are used to estimate monthly IP where possible and appropriate. When suitable data on physical product are unavailable, estimates of output are based on either production-worker hours or electric power use by industry. Data on hours worked by production workers are collected in the monthly establishment survey conducted by the Bureau of Labor Statistics. The data on electric power use are described below. The factors used to convert inputs into estimates of production are based on historical relationships between the inputs and the comprehensive data used to benchmark the IP indexes; these factors also may be influenced by technological or cyclical developments. Especially for the first and second estimates for a given month, the available source data are limited and subject to revision. Weights. In the index, series that measure the output of an individual industry are weighted according to their proportion in the total value-added output of all industries. The industrial production index, which extends back to 1919, is built as an annually weighted chain-type index since 1977. The components of IP are combined using estimates of value added per unit of output. For months from January to June, the weights are drawn from the year containing the month being estimated and the preceding year; for months from July to December, the weights are drawn from the current and following year. The IP proportions shown in column 1 of tables 1A, 2A, and 6 are estimates of the industries’ relative contributions to overall growth in the following year. For example, a 1 percent increase in durable goods manufacturing in 1997 would account for an increase in total IP of nearly 1/2 percent. Seasonal adjustment. Individual series are seasonally adjusted by the X–11 ARIMA method, developed at Statistics Canada. For series based on production-worker hours, the current seasonal factors were estimated with data through October 1997; for other series, the factors were estimated with data through at least June 1997. In some cases, series were preadjusted for the effects of holidays or the business cycle before using X–11 ARIMA. For the data since 1977, all seasonally adjusted aggregate indexes are calculated by aggregating the seasonally adjusted indexes of the individual series. Reliability. The average revision to the level of the total IP index, without regard to sign, between the first and the fourth estimates was 0.28 percent during the 1987–96 period. The average revision to the percent change in total IP, without regard to sign, 18 from the first to the fourth estimates was 0.21 percentage point during the 1987–96 period. In most cases (about 81 percent), the direction of change in output indicated by the first estimate for a given month is the same as that shown by the fourth estimate. Rounding. The published percent changes are calculated from unrounded indexes, and may not be the same as percent changes calculated from the rounded indexes shown in the release. Capacity Utilization Definition. Capacity utilization is calculated for the manufacturing, mining, and electric and gas utilities industries. For a given industry, the utilization rate is equal to an output index divided by a capacity index. Output is measured by seasonally adjusted indexes of industrial production. The capacity indexes attempt to capture the concept of sustainable practical capacity, which is defined as the greatest level of output that a plant can maintain within the framework of a realistic work schedule, taking account of normal downtime, and assuming sufficient availability of inputs to operate the machinery and equipment in place. The 76 individual capacity indexes are based on a variety of data, including capacity data measured in physical units compiled by trade associations, surveys of utilization rates and investment, and estimates of growth of the capital input. Groups. Estimates of capacity and utilization are available for a variety of groups, including primary and advanced processing industries within manufacturing, durable and nondurable manufacturing, total manufacturing, mining, utilities, and total industry. Component industries of the primary and advanced processing groups within manufacturing are listed in the note on tables 2 and 3 of the release. Weights. Although each utilization rate is the result of dividing an IP series by a corresponding capacity index, aggregate utilization rates are equivalent to combinations of individual utilization rates aggregated with proportions that reflect current capacity levels of output valued in current-period value added per unit of actual output. The implied proportions of individual industry operating rates in the rate for total industry for the most recent year are shown in the first column of table 3. Perspective. The historical highs and lows in capacity utilization shown in the tables above are specific to each series and did not all occur in the same month. Industrial plants usually operate at capacity utilization rates that are well below 100 percent: none of the broad aggregates has ever reached 100 percent. For total industry and total manufacturing, utilization rates have exceeded 90 percent only in wartime. Electric Power Data on electric power (expressed in kilowatt hours) are collected by the Federal Reserve District Banks from electric utilities and also from manufacturing and mining establishments that generate electric power for their own use (cogenerators). The indexes of power use shown in table 9 are sums of kilowatt hours used by an industry or industry group expressed as a percentage of that industry’s or group’s usage in 1992. The first column of the table shows, for reference, electric power use in billions of kilowatt hours as reported by manufacturing and mining industries in the 1992 censuses of those industries. The supplementary group, “Total, less nuclear nondefense,” is shown separately because the value-added proportion for the nondefense nuclear material series (part of SIC 2819) in total IP is considerably smaller than its share of total electric power use. Excluding this component from total power use facilitates comparisons with total IP. References The annual revision published on December 9, 1997 will be described more completely in the February 1998 Federal Reserve Bulletin. A description of the aggregation methods for industrial production and capacity utilization is included in an article in the Federal Reserve Bulletin, vol. 83 (February 1997), pp. 67–92. Industrial Production—1986 Edition contains a more detailed description of the other methods used to compile the industrial production index, plus a history of its development, a glossary of terms, and a bibliography. To obtain Industrial Production—1986 Edition ($9.00 per copy), write to Board of Governors of the Federal Reserve System, Publications Services, Washington, DC 20551. The major revisions to the IP indexes and capacity utilization since 1990 have been described in the Federal Reserve Bulletin (April 1990, June 1990, June 1993, March 1994, January 1995, and January 1996). The basic methodology used to estimate capacity and utilization is discussed in the June 1990 Federal Reserve Bulletin. Release Schedule for 1998 At 9:15 a.m. on January 16, February 17, March 17, April 17, May 15, June 16, July 16, August 14, September 16, October 16, November 16, and December 16.