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^oii-ow.*:

FEDERAL RESERVE statistical release
iTj 19 97

•f%rs#'

For release at 9:15 a.m. (EST)
February 14,1997

G.17(419)
INDUSTRIAL PRODUCTION AND CAPACITY UTILIZATION

Industrial production was unchanged in January, after a sharp rise late last year. The production index for
business equipment rose further in January, but the indexes for consumer goods and for materials were little changed.
The output of construction supplies fell for a second month. At 117.7 percent of its 1992 average, industrial production
in January was 4.7 percent above its level of January 1996. Capacity utilization edged down 0.2 percentage point, to
83.3 percent, matching the average level in the last half of 1996.
Market Groups
The output of consumer goods was unchanged in January after having risen at a rapid pace in the preceding
two months. Among durables, the production of appliances fell back in January, more than reversing the sharp gain in
December, while the output of motor vehicles advanced further. Among nondurable consumer goods, the output of
energy products rose steeply, as utility output for residential use rebounded from the low in December. The production of
nondurable consumer goods excluding energy products edged down following very rapid gains in the fourth quarter.
(over)

INDUSTRIAL PRODUCTION AND CAPACITY UTILIZATION: SUMMARY
Seasonally adjusted
Index, 1992=100
1996
Oct/

Nov/

Dec/

1997
Jan.P

117.7
117.7

117.7

.2
.0

.8
.8

.5
.7

.0

4.7

113.9
112.1
129.9
119.5
122.2

114.2
112.8
130.5
117.3
123.2

114.3
112.9
131.5
116.5
123.0

.1
.3
.4
-1.8
.4

1.0
1.1
.9
1.6
.4

.2
.7
.4
-1.8
.8

.1
.0
.8
-.7
-.1

4.8
4.2
7.8
5.2
4.7

118.5
128.4
108.0
103.4
113.1

119.4
129.2
108.9
104.9
109.8

119.1
129.1
108.5
104.2
113.0

.2
-.1
.5
.0
.7

.8
1.0
.5
.0
1.1

.7
.6
.9
1.4
-2.9

-.2
.0
-.4
-.7
2.9

5.1
6.3
3.7
I 5.3
.4

1997
Jan.P

Capacity
growth
Jan. 96 to
Jan. 97

Nov/

Dec/

Total index
Previous estimates

116.2
116.0

117.1
116.9

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

112.8
110.8
128.8
117.7
121.7

Major industry groups:
Manufacturing
Durable
Nondurable
Mining
Utilities

117.6
127.1
107.4
103.4
111.9

Industrial Production

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




|

Average
1967-96

Percent chanqe
1997
Jan.P

1996
Oct/

1982
Low

Percent of Capacity
1988-89
1996
1996
Jan.
Oct/
High

Nov/

Dec/

Jan. 96 to
Jan. 97

82.1

71.1

85.3

82.4

83.0
82.8

83.4
83.2

83.5
83.5

83.3

3.7

81.2
80.6
82.3
87.5
87.2

69.0
70.4
66.2
80.3
75.9

85.7
84.2
88.9
86.8
92.6

81.5
79.9
85.0
86.9
91.0

82.0
79.9
86.7
91.0
89.0

82.4
80.5
86.6
91.0
89.9

82.7
80.9
86.7
92.3
87.1

82.2
80.6
86.0
91.6
89.4

4.1
4.9
2.4
-.2
2.2

The output of business equipment rose 0.8 percent further in January. As has been the case for some time,
gains in the production of transit equipment and infonnation processing equipment accounted for most of the strength in
this sector. These increases were partly offset by a small decline in the production of industrial equipment, which, on
balance, has been little changed since the middle of 1995.
The production of intermediate products declined 0.5 percent in January after a downward-revised drop of
0.8 percent in December. The output of construction supplies, which advanced briskly over the spring and summer
months, has now declined noticeably in three of the last four months. The production of business supplies has drifted
lower recently.
The output of materials, which also grew rapidly late last year, was little changed in January. Within
durables, the output of parts for equipment and for consumer durables rose further but was offset by declines elsewhere.
Among the components of nondurables materials, the output of textile and chemical materials fell, while the production
of paper and otlier nondurable materials posted gains. Witliin energy materials, a rebound in electricity generation largely
matched a decline in coal production.
Industry Groups
Manufacturing output edged down 0.2 percent after an increase of 0.7 percent in December. Within
durables, sizable gains in the production of computers and transportation equipment were offset by reductions elsewhere.
Within nondurables, most major industries posted declines, although the production of food and chemical products ticked
up slightly. The sharp bounceback in utility output more than offset a small decline in output at mines.
The factory operating rate decreased 0.5 percentage point, to 82.2 percent, which is about the same level as
the average in the last half of 1996. The utilization rate for advanced-processing industries fell 0.3 percentage point, to
80.6 percent; the rate for primary-processing industries dropped back 0.7 percentage point, to 86.0 percent.




Industrial Production and Capacity Utilization
(January data, seasonally adjusted)

Industrial production indexes

Twelve-month percent change

Twelve-month percent change

5 h

-5
-10

-10

10

Durable
manufacturing

-j h

h

-j

10

H

5

J

0

Materials
4

5 [•
0 L
-5

-10

*

1

v^^^r^

/ / yV

Hh

^J\}jy^

Jr

/%ty>*^^ /**'"* *\N
-'/

%

Nondurable
manufacturing

'

_ •

%#

Products

-5

i

i

1992

i

i

1994

I

I

1996

i

i

1992

i

i

1994

i

i

1996

Manufacturing

Total industry
Ratio scale, 1992 production = 100

Ratio scale, 1992 production = 1

160

1985



-10

1990

1995

1985

1990

1995

Table 1A
INDUSTRIAL PRODUCTION: MARKET GROUPS

Jtern

,

Seasonally Adjusted

^sm
Aug.

Sept.

Oct/

Nov/

Not seasonally adjusted

Dec/

1997
Jan.P

m&
Aug.

Sept.

Oct/

Nov/

Dec/

1997
Jan.P

117.7

118.9

119.1

117.5

116.0

115.2

116.6

117.1
117.6

114.6
115.3

112.6
113.5

111.6
112.9

113.0
115.1

100.0

Products, totai
Final products

115.8

11.6.0

116.2

117.1

117.7

59.9
45.1

Total index

112.2
113.0

112.7
113.3

112.8
113.6

113.9
114.7

114.2
115.3

114.3
115.7

116.5
116.8

110.1
128.0
128.7
138.7
132.5
152.3
113.5
127.5
175.9
134.7
224.8
111.1
108.0
105.6
105.1
105.4
95.4
111.3
101.8
109.4
107.7
110.0

110.5
127.1
127.7
134.6
129.9
146.6
116.2
126.6
174.2
129.2
228.7
110.5
107.6
106.3
105.9
106.1
95.1
113.5
101.9
109.4
105.4
110.9

110.8
124.5
122.0
125.7
112.3
147.4
114.4
126.2
176.5
123.6
242.4
108.6
106.5
107.3
106.8
106.6
95.5
115.5
102.9
110.7
108.1
111.7

112.1
127.1
127.4
133.8
123.5
152.4
116.4
126.8
177.1
125.7
240.7
110.8
106.4
108.3
107.4
107.2
95.3
117.2
102.9
113.6
107.8
116.0

112.8 112.9
129.4 128.0
128.0 130.1
135.7 .138.7
116.2 120.2
164.9 167.0
115.5 116.5
130.2 126.4
186.0 170.7
142.6 120.9
237.3 232.6
109.5 109.5
109.4 109.3
108.7 109.1
108.7 108.5
108.8 108.6
95.4
94.0
119.0 119.7
103.2 102.4
109.1 112.9
107.4 106.2
109.7 115.7

114.8
128.9
128.3
137.3
127.2
149.4
114.3
129.1
180.3
128.6
243.7
114.8
107.2
111.2
112.7
113.7
99.8
123.7
102.7
102.9
107.9
100.6

115.0
132.1
134.6
143.8
128.9
161.4
120.2
130.2
181.5
130.5
243.9
114.9
108.7
110.7
113.3
114.4
99.6
125.3
102.4
95.8
107.6
90.3

112.2
132.2
133.2
142.9
124.3
164.7
118.3
131.4
187.3
133.0
254.2
113.6
108.9
107.3
109.9
112.2
98.2
116.7
100.9
92.6
108.2
85.3

110.3
127.1
127.0
135.3
122.4
150.5
113.9
127.1
175.9
122.6
242.2
106.4
109.7
106.2
105.8
106.4
94.9
111.7
103.0
108.6
111.7
107.1

110.4
120.0
110.4
107.4
92.0
125.4
111.0
126.5
172.8
123.7
232.9
103.7
111.4
107.8
104.0
103.0
92.1
112.0
104.0
129.7
111.9
138.0

113.4
123.7
124.4
130.9
111.1
154.1
113.4
123.2
164.4
119.6
219.0
106.4
107.6
110.6
103.5
103.2
88.1
112.8
102.0
151.6
103.4
174.1

117.9
127.7
144.6
306.2
126.7
103.0
120.9
116.1
77.9
122.6
| 167.4

118.1
128.3
146.3
314.3
126.3
103.8
117.7
115.5
77.7
117.5
165.6

118.4
128.8
147.4
318.8
127.0
101.9
109.4
118.7
77.0
120.2
165.3

119.1
129.9
147.1
323.6
127.0
106.9
115.9
120.2
76.2
120.7
159.8

119.6
130.5
148.0
328.4
127.4
107.0
113.1
120.6
76.8
123.6
146.2

120.5
131.5
149.3
332.6
127.0
110.2
116.9
120.9
75.9
130.8
150.0

120.0
130.4
150.4
327.0
128.4
101.7
120.6
119.5
76.8
126.0
182.5

122.0
132.9
151.5
324.7
132.1
105.2
122.3
120.9
77.9
126.2
175.6

120.5
130.9
148.3
320.9
128.5
106.2
121.8
121.8
76.8
130.4
183.7

118.8
128.8
145.6
311.5
125.7
106.5
116.5
118.9
77.1
132.7
156.9

117.1
126.5
148.0
325.6
123.1
98.0
89.8
114.2
78.7
133.7
123.2

117.9
128.1
144.5
313.7
123.8
108.4
110.9
118.9
76.7
129.5
131.8

110.6
119.8
105.3

110.2
117.7
105.8

111.5
119.5
106.8

110.7
117.3
106.7

110.2
116.5
106.4

115.5
124.5
110.3

115.8
126.1
109.7

112.7
123.6
106.4

110.0
118.2
105.1

107.8
111.2
105.7

106.9
108.0
106.2

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

28.1
5.9
2.4
1.4
.7
.7
1.0
3.5
1.2
.5
.7
.8
1.5
22.2
18.8
9.7
1.9
4.4
2.8
3.5
1,1
2.4

Equipment, total
Business equipment
Information processing & related
Computer and office
Indu stria
Transit
Autos and trucks
Other
Defense and space equipment
Oil and gas well drilling
Manufactured homes

17.0
13.8
5.7
1.6
4.5
2.3
1.1
1.3
2.3

Intermediate products
Construction supplies
Business supplies

Index. 1 ^ = 1 6 6

1996
IP
Proportion1

i

-6

.2

j

I

14.8

I

5.7

i

9-1

110.0
119.2
104.6

40.1

121.5

121.2

121.7

122.2

123.2

123.0

122.7

122.1

122.0

121.4

121.0

122.3

136.2
133.9
8.7
161.7
10.1
119.2
3.3
113.6
8.9
106.5
1.0
107.4
1.6 -, 108.2
4.4
106.2
2.0
! 104.7
8.1
I 104.0
5.2
i 103.2
2.9
i 105.4

135.5
128.3
162.6
119.2
114.7
106.9
107.1
107.0
106.8
106.2
103.9
102.2
107.0

135.8
126.6
163.4
120.0
117.2
108.0
108.4
108.0
109.3
103.9
103.9
102.0
107.5

136.4
130.1
165.3
118.8
114.0
108.7
108.6
110.8
108.2
107.5
103.9
101.7
108.0

138.1
131.7
168.3
119.5
115.4
109.5
106.8
111.5
109.9
107.3
103.7
102.2
106.7

137.8
131.6
169.0
118.5
114.5
109.4
106.0
111.9
109.6
107.5
103.7
101.4
108.0

137.3
135.5
161.3
121.0
111.6
107.3
110.2
109.0
106.2
106.1
105.7
103.3
110.3

137.8
129.8
164.1
122.5
116.2
107.5
107.2
107.0
107.7
106.9
101.7
100.3
104.4

137.3
132.0
163.2
121.2
116.6
109.8
111.1
108.2
109.2
111.0
99.9
98.1
103.4

135.9
127.8
166.1
118.1
113.9
108.1
108.1
110.4
107.3
107.2
102.6
100.9
105.7

135.1
117.3
171.7
117.1
113.8
105.1
98.1
107.7
106.4
102.5
105.5
103.4
109.5

134.9
128.2
168.0
114.6
112.9
108.8
106.1
113.7
107.9
107.0
168.0
104.2
115.0

Total excluding:
Autos and trucks
Motor vehicles and parts
Computers
Computers and semiconductors

97.5
95.2
97.5
93.6

| 115.4
115.0
113.4
110.2

115.7
115.4
113.5
110.2

116.1
115.9
113.7
110.4

116.8
116.5
114.5
111.1

117.4
117.1
115.0
111.5

117.4
117.0
115.0
111.4

118.6
118.1
116.3
113.1

118.7
118.5
116.5
113.2

117.0
116.7
114.9
111.7

115.7
11.5.4
113.6
110.1

115.5
115.6
112.6
108.9

116.5
116.1
114.2
110.6

Consumer goods excluding:
Autos and trucks
Energy

26.7
24.7

108.6
110.2

109.2
110.6

109.9
110.8

110.8
111.8

111.5
113.3

111.5 ! 113.5
•
112.9 116.4

113.4
117.6

110.6
1149

109.0
110.5

110.2
107.6

112.3
108.0

Business equipment excluding:
Autos and trucks
Computer and office equipment

12.7
12.3

128.3
116.1

129.3
116.3

130.7
116.(5

131.3
117.5

132.2
117.8

133.0
118.7

131.4
117.9

134.0
120.5

131.8
118.6

130.0
116.9

130.1
113.8

129.8
116.2

Materials excluding:
Energy

32.0

127.0

126.6

127.1

127.8

129.2

128.9

127.9

128.4

128.8

127.2

125.7

126.8

Materials
Durable
Consumer parts
Equipment parts
Other
Basic metals
Nondurable
Textile
Paper
Chemical
Other
Energy
Primary
Converted fuel

23.1

!

4 3

-

SPECIAL AGGREGATES

1. The IP proportion data are estimates of the industries' relative contributions to overall IP growth in the following year.




Table 1B
INDUSTRIAL PRODUCTION: MARKET GROUPS
Percent change
1995 Q4
to
1996Q4

Seasonally adjusted
annual rate

1SS6

r

Q1

Q2

Q3

Q4

Total index

3.8

1.6

6.2

3.3

4.3

Products, total
Final products

3.8
4.1

2.2
3.1

5.3
5.9

3.1
2.8

4.4
4.7

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

2.5
2.7
1.1
.6
-3.7
7.3
1.7
3.7
11.6
3.2
19.1
.4
-.7
2.4
2.7
2.4
-2.5
5.4
2.9
1.2
3.7
.1

.1
-4.8
-11.6
-21.0
-333
-4.6
3:6
.2
3.4
-5.7
11.4
-2.3
-1.0
1.5
-.2
2.9
-8.7
-1.0
-3.2
11.5
8.3
13.0

3.7
18.5
25.5
46.7
90.8
18.1
-.2
13.8
31.6
24.3
37.5
13.5
1.1
-.1
-.1
-.6
1.0
-2.1
4.0
.1
2.4
-.7

.8
2.6
5.9
11.4
12.7
13.1
-1.4
.3
7.1
6.2
8.5
-8.5
-.7
.3
2.8
.8
-2.3
7.8
5.7
-12.4
-.2
-17.3

Equipment, total
Business equipment
Information processing & related
Computer and office
Industrial
Transit
Autos and trucks
Other
Defense and space equipment
Oil and gas well drilling
Manufactured homes

6.8
7.9
10.6
39.1
-.2
21.6
-2.0
3.5
-.9
14.0
.4

8.1
9.9
16.1
47.9
-1.4
30.5
-23.8
-4.2
-5.7
30.9
4.4

9.6
8.3
10.1
42.9
-.5
28.7
50.3
.6
6.4
50.1
21.8

2.7
5.3
1.1

-.3
3.3
-2.5

4.0

Item

Seasonally adiustec\
1§§6
1997
Oct/ Nov.r Dec/ Jan.P

Not seasonally adjusted

~im
Oct/

Nov/

Dec/

Jan. 96
to
Jan. 97

^mr
Jan.P

.2

.8

.5

.0

-1.3

-1.2

-.7

1.2

4.7

.1
.3

1.0
.9

.2
.6

.1
.3

-2.1
-2.0

-1.8
-1.6

-.9
-.5

1.3
2.0

4.8
5.3

5.5
-4.0
-11.0
-20.8
-40.2
3.9
5.1
1.2
6.3
-9.0
21.0
.2
-2.3
8.2
8.4
6.7
.4
18.0
5.3
7.0
4.4
8.2

.3
-2.1
-4.5
-6.6
-13.5
.5
-1.5
-.4
1.3
-4.3
6.0
-1.7
-1.0
.9
,9
.5
.4
1.8
1.0
1.3
2.5
.7

1.1
2.1
4.4
6.5
10.0
3.4
1.7
.5
.3
1.7
-.7
2.1
-.1
.9
.6
.5
-.2
1.5
-.1
2.5
-.2
3.8

.7
1,8
.5
1.4
-5.9
8.2
-.7
2.7
5.0
13.4
-1.4
-1.2
2.8
.4
1.2
1.5
.1
1.5
.4
-3.9
-.4
-5.4

.0
-1.1
1.6
2.2
3.4
1.3
.8
-2.9
-8.2
-15.2
-2.0
.1
.0
.3
-.2
-.2
-1.5
.6
-.8
3.4
-1.1
5.5

-2.4
.1
-1.1
-.7
-3.5
2.0
-1.6
.9
3.2
1.9
4.2
-1.1
.2
-3.1
^3.0
^2.0
-1.4
-6.9
-1.5
^3.3
.6
-5.5

-1.7
-3.8
-4.6
-5.3
-1.6
-8.6
-3.7
-3.3
-6.1
-7.8
-4.8
-6.3
.7
-1.1
-3.8
-5.2
^3.4
^.3
2.1
17.3
3.3
25.6

.0
-5.6
-13.1
-.20.6
-24.8
-16.7
-2.6
-.5
-1.8
.9
^3.8
-2.6
1.5
1.5
-1.7
-3.1
-2.9
.3
1.0
19.4
.2
28.8

2.8
3.1
12.6
21.9
20.7
22.9
2.1
-2.6
^.8
-3.3
-6.0
2.6
-3.4
2.7
-4
.2
-4.4
.7
-1.9
16.9
-7.6
26.2

4.2
5.7
i
7.5
9.9
4.2
I 17.3
3.9
44
8.5
.5
! 15.4
2.6
1.9
3.8
4.3
3.8
-.5
7.8
3.9
1
1.0
1.8
\
.7

6.0
8.1
9.5
44.4
-.1
22.2
8.9
6.4
1.8
-16.1
-2.0

3.4
5.5
7.0
22.8
1.2
6.4
-26.2
11.7
-5.6
2.5
-18.5

.3
.4
.7
1.4
.5
-1.8
-7.0
2.7
-1.0
2.3
-.2

.5
.9
-.2
1.5
.0
4.9
5.9
1.3
-1.0
.5
-3.3

.4
4
.6
1.5
.4
.1
-2.4
.3
.7
2.4
-8.5

.8
.8
.9
1.3
-.3
3.0
3.3
.3
-1.2
5.8
2.6

-1.2
-1.5
-2.1
-1.2
-2.7
.9
-.4
.7
-1.4
3.4
4.6

-1.4
-1.6
-1.8
-2.9
-2.2
.2
-4.3
-2.4
.4
1.7
-14.6

-1.4
-1.8
1.6
4.5
-2.1
-7.9
-22.9
-4.0
2.0
.8
-21.5

.6
13
-2.3
-3.7
.5
10.6
23.5
4.1
-2.6
-3.1
7.0

7.2
7.89.8
35.2
. .8
17.9
4.4
5.9
14
20.0
-3.6

3.6
11.1
-.8

4.1
9.3
.8

3.5
-2.2
7.3

-.4
-1.8
,5

1.2
1.6
1.Q

-.8
-1.8
-.1

-.5
-.7
-.3

-2.6
-2.0
-3.0

-2.4
^.3
-1.2

-2.0
-5.9
.5

-.8
-2.8
4

3,1
5.2
, 1.8

.7

7.5

3.6

4.2

.4

.4

.8

-.1

-.1

-.4

-.4

1.1

4.7

5.5
1.3
11.3
2.6
2.4
2.9
1.4
2.2
4.6
.6
•9
-.2
2.8

2.6
-7.3
10.9
,3
-6.9
-5.0
-10.7
-11.0
-3.0
-.8
2.2
1.3
3.8

9.4
16.8
12.4
3.9
5.6
6.0
10.1
6.0
4.5
7.2
4.0
4.7
2.7

6.2
2.2
10.6
4.2
5.2
4.2
8.2
7.3
6.4
-4.2
-4.1
-4.9
-2.8

4.1
-4.8
11:3
2.0
6.4
6.7
-.7
7.7
10.9
.7
1.8
-1.5
7.8

.2
-1.3
.5
.7
2.1
1.0
1.3
.9
2.4
-2.2
.0
-.2
.5

.5
2.7
1.1
-1.0
-2.7
.7
.1
2.6
-1.0
3.5
.0
-.3
.5

1.2
1.3
1.8
.7
1.2
.7
-1.7
.6
1.6
-.2
-.2
.4
-1.2

-.2 , -.4
-.1
1.7
.5
-.5
-.9
-1.1
-.8
.4
-.1
2.1
-.7
3.7
.3
1.1
-.3
1.4
.3
3.8
.0
-1.7
-.7
-2.2
1.2
-.9

-1.0
-3.2
1.8
-2.5
-2.3
-1.6
-2.7
2.0
-1.8
-3.4
2.7
2.9
2.2

-.6
-8.2
3.4
-.9
-.1
-2.8
-9.3
-24
-.8
-4.4
2.9
2.5
3.5

-.2
9.3
-2.2
-2.1
-.7
3.5
8.2
5.6
1.4
44
2.3
.8
5.0

5.8
.5
13.0
2.2
5.0
5.0
3.7
6.8
5.7
2.7
1.2
.6
2.5

Total excluding:
Autos and trucks
Motor vehicles and parts
Computers
Computers and semiconductors

4.0
4.1
3.1
2.6

2.4
3.0
.7
.1

5.3
4.8
5.4
5.0

3.1
3.3
2.4
1.9

5.2
5.4
3.9
3.3

.4
.5
.2
.2

.6
.5
.7
.7

.5
.5
.4
.3

-.1
-.1
.0
-.1

-1.3
-1.5
-1.3
-1A

-1.1
-1.1
-1.2
-1.4

-.1
.2
-.8
-1.1

.8
4
1.4 .,
1.5

4.7
4.8
4.0
3.4

Consumer goods excluding:
Autos and trucks
Energy

2.6
2.7

1.4
-1.3

1.7
4.1

.2
2.8

7.1
5.3

.7
.2

.9
.9

.6
1.3

-.1
-.4

-2.5
-2.3

-1.5
-3.8

1.1
-2.6

2.0
.4

3.9
4.7

Business equipment excluding:
Autos and trucks
Computer and office equipment

8.9
4.3

13.5
5.8

5.2
4.3

8.0
3.9

8.9
3.3

1.1
.3

.4
.8

.7
.3

.6
.8

-1.6
-1.6

-1.4
-1.4

.1
-2.6

-.2
2.0

8.1
4.5

Materials excluding:
Energy

4.8

.4

8.4

5.6

4.8

4

.5

1.1

-.2

.3

-1.2

-1.2

.8

5.6

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

1

i

SPECIAL AGGREGATES

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

1996
j
IP
1S&6
1
SIC Proportion
Aug.

Sept.

Oct/

Nov/

100.0

115.8

116.0

116.2

117.1

86.4

117.2

117.4

117.6

118.5

Primary processing
Advanced processing

27.7
58.7

113.1
119.2

113.5
119.3

113.8
119.5

113.8
120.8

Durable
Lumber and products
24
Furniture and fixtures
25
Stone, clay, and glass products 32

46.8
2.1
1.3
2.1

127.5
111.4
108.8
111.8

127.2
110.7
108.8
113.1

127.1
109.2
110.4
111.7

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

3.5
1.9
.1
1.6
5.3

118.3
118.2
113.6
118.5
119.4

119.5
117.4
112.6
121.8
119.3

9.5
2.5
8.6
3.9

159.6
310.8
164.6
262.6

Transportation equipment
37
Motor vehicles and parts
371
Autos and light trucks
Aerospace and misc.
372-6,9
Instruments
38
Miscellaneous
39

8.4
4.8
2.3
3.6
4.7
1.3

20
21
22
23
26 i
27
28
29
30
31

Not seasonally adjusted

Total index
Manufacturing

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

10 I
12
13
14
491,3pt
492,3pt

1397 "*T<5§5
Jan.P
Aug.

Sept.

Oct/

Nov/

117.7

117.7

119.1

117.5

116.0

115.2

116.6

119.4

119.1

120.6

121.7

120.2

117.6

115.4

115.7

114.1
121.9

113.4
122.0

114.7
123.5

115.8
124.6

115.8
122.3

113.4
119.7

111.0
117.6

110.8
118.1

128.4
112.8
111.0
112.1

129.2
109.7
110.5
111.4

129.1
109.0
110.4
110.4

129.2
115.7
115.9
116.4

130.7
115.4
115.1
116.5

129.7
115.4
111.4
115.7

127.7
110.8
108.8
112.3

125.3
104.0
108.8
106.7

125.9
104.6
106.6
103.6

122.1
123.2
111.5
120.7
119.3

117.4
117.1
108.7
117.7
119.5

118.5
117.3
112.5
119.7
119.4

117.6
116.7
109.2
118.5
118.9

115.7
114.8
109.6
116.8
122.4

121.0
119.3
111.8
122.9
123.5

121.7
122.2
111.1
121.1
121.3

117.1
116.7
108.2
117.4
120.0

115.2
113.7
109.7
116.9
119.1

116.9
114.3
109.6
119.9
114.9

159.4
319.0
165.2
265.4

159.9
323.6
165.6
266.5

161.7
328.5
167.1
272.5

162.9
333.4
169.8
281.6

163.8
337.6
168.3
284.3

162.3
331.9
165.9
260.6

164.8
329.6
169.2
266.9

161.4
325.7
168.0
266.2

157.4
316.2
168.6
275.4

157.1
330.5
170.9
287.8

158.2
318.4
165.9
282.8

109.3
132.8
131.0
86.5
103.0
112.9

107.3
127.0
127.4
87.9
103.0
113.0

105.3
121.2
117.3
89.4
103.4
113.0

109.6
128.8
125.7
90.6
103.0
114.1

110.5
129.3
125.7
91.8
103.6
116.6

112.0
131.5
128.8
92.7
103.4
116.6

109.3
134.1
129.5
85.2
105.1
113.5

108.8
130.2
134.9
87.8
106.1
116.0

110.4
132.7
133.3
88.6
103.8
116.9

109.1
127.8
127.1
90.5
102.8
118.1

100.2
105.5
99.9
93.7
103.5
117.4

110.2
127.1
121.6
93.2
101.3
112.6

39.5
9.4
1.2
1.6
1.8
3.3

106.2
105.5
104.1
107.7
98.5
108.1

106.9
106.2
104.9
107.2
98.2
108.8

107.4
107.1
104.0
107.6
97.8
107.6

108.0
107.6
105.6
108.4
97.5
110.2

108.9
108.9
108.4
107.2
97.4
111.5

108.5
109.2
104.8
106.8
96.6
111.5

111.4
112.6
114.8
111.5
101.8
109.2

112.0
114.6
108.1
110.1
101.5
108.8

110.0
112.2
115.5
113.4
99.1
110.0

106.9
107.7
103.7
105.9
98.0
109.0

104.9
105.7
89.1
96.1
97.1
106.7

104.8
104.2
102.1
101.4
93.5
113.2

6.5
10.1
1.8
3.8
.2

97.9
108.7
107.8
122.0
79.5

99.1
109.7
106.9
122.8
79.4

99.7
111.3
108.4
121.4
78.4

100.3
111.7
107.4
121.7
77.3

100.1
113.1
107.6
123.3
79.5

99.3
113.2
106.1
121.4
77.9

104.4
114.2
112.3
122.7
80.9

105.1
115.2
111.9
124.1
81.1

100.7
112.1
109.7
122.7
80.0

99.1
108.5
109.6
121.7
79.0

98.2
107.6
108.2
122.4
79.7

95.2
109.4
98.8
120.1
76.0

5.6

Item

Utilities
Electric
Gas

Seasonally Adjusted

•9
3.7
.6

104.5
104.0
109.6
101.1
121.7

103.4
105.3
106.2
100.5
118.5

103.4
105.6
107.5
100.0
120.0

103.4
102.6
108.8
100.4
117.6

104.9
104.3
109.6
101.8
120.7

104.2
105.2
104.0
102.3
117.1

106.1
105.1
111.4
100.2
142.4

105.9
107.5
109.3
100.6
138.4

106.4
104.1
110.9
100.8
141.7

105.5
102.3
108.7
103.3
118.9

104.2
103.8
106.2
104.5
98.9

101.1
100.7
103.2
103.1
83.6

8.0
6.3
1.8

110.8
111.5
108.5

111.1
110.9
111.8

111.9
112.0
111.3

113.1
112.7
114.6

109.8
110.0
109.3

113.0
112.9
113.4

110.8
125.1
60.8

101.9
113.5
61.0

98.0
103.5
78.6

107.4
104.4
117.7

121.5
110.3
160.2

138.4
120.1
201.7

81.6
83.9
80.0

116.3
114.4
110.6

116.8
114.5
110.7

117.3
114.7
110.8

117.9
115.5
111.6

118.8
116.3
112.2

118.4
116.1
111.9

119.8
117.6
113.9

121.2
118.7
114.9

119.4
117.2
113.4

117.0
114.8
110.7

115.9
112.4
108.1

115.0
112.8
108.6

12.5
6.6
5.9
5.6
0.3

12.1
6.5
5.6
5.4
0.3

11.3
5.6
5.7
5.4
0.3

12.0
6.1
5.8
5.6
0.3

12.1
5.8
6.3
6.0
0.3

12.3
6.0
6.4
6.1
0.3

12.3
6.4
5.9
5.6
0.3

12.2
6.2
6.0
5.7
0.3

13.3
6.6
6.7
6.4
0.3

11.5
5.9
5.6
5.3
0.3

9.5
4.6
4.9
4.6
0.2

12.1
5.8
6.2
6.0
0.3

-4

Dec/

118.9

Dec/

1997
Jan.P

SPECIAL AGGREGATES
Manufacturing excluding:
Motor vehicles and parts
Computer and office equipment
Computers and semiconductors
Memo: Motor vehicle assemblies 2
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.
Mote—Primary processing manufacturing includes textile mill products, paper and products, industrial chemicals, synthetic materials, and fertilizers,
petroleum products, rubber and plastics products, lumber and products, primary metals, fabricated metals, and stone, clay, and glass products.
Advanced processing manufacturing includes foods, tobacco products, apparel products, printing and publishing, chemical products and other agricultural
chemicals, leather and products, furniture and fixtures, industrial machinery and equipment, electrical machinery, transportation equipment, instruments,
and miscellaneous manufactures.




Table 2B
INDUSTRIAL PRODUCTION: INDUSTRY GROUPS
Percent change

SIC

Item

1995Q4
to
1996Q4
3.8

Total index

Seasonally adjustecI
annual rate
1996
Q3
Q4 r
Q2
Q1
1.6

Seasonally adiustec1
I
Not seasonally adjusted
1997
Oct/
Nov/ Dec/ Jan.P Oct/
Nov/ Dec/ Jan.P

H35S

^mr

™s

6.2

3.3

4.3

.2

.8

.5

4.6

.2

.8

.7

-.2

.0 ! -1.3

-1.2

-.7

1.2 !

Jan. 96
to
Jan. 97
4.7

4.2

1.1

6.3

5.0

-1.2

-2.1

-1.9

2

5.1

2.9
4.8

-1.9
2.6

5.9
6.5

5.4
4.8

2.5
5.5

.3
.1

.0
1.2

.3
.9

-.6
.0

.0
-1.8

-2.1
-2.2

-2.1
-1.7

-.2
.4

3.6
5.8

5.8
3.1
2.7
2.1

3.7
-.5
-2.4
-.3

10.3
15.5
8.7
2.0

6.0
-1.9
-2.7
11.8

3.2
.3
7.8
-4.5

-.1
-1.4
1.4
-1.2

1.0
3.2
.6
.4

.6
-2.7
-.4
-.6

.0
-.7
-.1
-.9

-.8
.0
-3.2
-.7

-1.5
-4.0
-2.3
-3.0

-1.9
-6.2
.0
-4.9

.5
.6
-2.0
-2.9

6.3
3.5
2.7
.2

33
Primary metals
Iron and steel
331,2
Raw steel
333-6,9
Nonferrous
Fabricated metal products
34
Industrial machinery
and equipment
35
Computer and office equip
357
Electrical machinery
36
Semiconductors
3672-9

3.3
2.9
-1.7
3.7
2.8

-5.3
-8.4
-2.8
-1.7
4.3

9.1
8.9
4.6
9.3
3.3

7.4
7.4
-.4
7.6
3.1

2.5
4.6
-7.9
.0
.4

2.2
4.9
-1.0
-.9
.0

^3.8
-4.9
-2.5
-2.5
.1

.9
.2
3.5
1.7
-.1

-.7
-.5
-2.9
-1.0
-.4

.6
2.5
-.6
-1.4
-1.7

-3.8
^4.5
-2.6
-3.0
-1.1

-1.6
-2.6
1.4
-.5
-.8

1.5
.5
-.1
2.5
-3.5

5.2
3.9
-2.7
6.7
1.9

10.0
37.6
7.3
16.2

10.9
45.2
7.7
16.5

10.6
40.7
8.5
14.5

11.6
43.0
5.6
15.3

6.8
22.7
7.5
18.5

.4
1.4
.3
.4

1.1
1.5
.9
2.3

.8
1.5
1.6
3.3

.5
1.3
-.9
.9

-2.1
-1.2
-.7
-.3

-2.5
-2.9
.4
3.5

-.2
4.5
1.4
4.5

.7
^3.7
-2.9
-1.8

10.4
34.1
8.0
19.0

37
371
372-6,9
38
39

6.8
-1.3
-.4
19.2
2.6
3.2

-2.8
-21.4
-23.4
32.0
6.3
2.6

25.7
36.8
53.0
11.7
1.5
2.4

7.6
2.7
11.7
14.9
.3
1.9

-.9
-14.0
-24.7
19.2
2.2
5.9

-1.9
-4.6
-7.9
1.7
.4
.0

4.1
6.3
7.1
1.3
-.4
1.0

.8
.3
.1
1.4
.5
2.2

1.4
1.7
2.4
.9
-.2
.0

1.5
1.9
-1.2
.9
-2.2
.7

-1.2
-3.7
-4.7
2.2
-1.0
1.0

-8.2
-17.4
-21.4
3.5
.7
-.6

10.0
20.5
21.7
-.6
-2.2
-^.1

8.4
3.1
8.8
16.2
2.3
5.7

20
21
22
23
26

2.4
2.3
2.5
.8
-2.7
1.7

-1.9
.6
16.9
-8.4
-8.6
-9.7

1.6
1.0
-9.1
7.7
4.2
10.5

3.7
.9
-4.5
5.4
-2.9
4.2

6.2
6.7
S.7
-.5
-3.0
2.9

.5
.8
-.8
.4
-.4
-1.1

.5
.5
1.5
.7
-.3
2.4

.9
1.2
2.6
-1.1
-.1
1.2

-.4
.3
-3.3
-.3
-.9
-.1

-1.8
-2.0
6.8
3.0
-2.3
1.1

-2.8
-4.0
-10.2
-6.6
-1.0
-.9

-1.8
-1.9
-14.1
-9.3
-1.0
-2.1

-.1
-1.4
14.5
5.5
-3.7
6.1

3.7
4.2
.7
4.2
-.2
5.8

27
28
29
30
31

.6
4.7
3.6
2.7
-5.0

-4.3
-.8
6.1
-.9
-7.0

-4.2
2.2
1.6
2.9
-.4

3.8
6.9
2.4
7.8
-6.2

7.9
11.0
4.3
1.1
-6.2

.7
1.5
1.4
-1.1
-1.3

.6
.3
-.9
.3
-1.3

-.2
1.3
.2
1.3
2.8

-.9
.1
-1.4
-1.5
-2.0

-4A
-2.7
-2.0
-1.1
-1.4

-1.6
-3.2
.0
-.9
-1.2

-.9
-.9
-1.3
.5
.8

-3.1
1.6
-3.6
-1.9
-4.6

1.1
6.0
.9
2.7
-2.8

10
12
13
14

3.5
1.1
4.1
3.4
5.5

1.8
-16.1
-11.5
6.6
9.4

10.9
8.6
26.9
8.1
8.3

.8
14.5
-4.6
-.5
7.5

.9
.1
9.6
-.5
-2.6

.0
.3
1.2
-.5
1.3

.0
-2.8
1.3
.3
-2.0

1.4
1.7
.7
1.4
2.7

-.7
•9
-5.1
•6
^3.0

.4
-3.1
1.4
.2
2.4

-.9
-1.7
-2.0
2.4
-16.1

-1.2
1.5
-2.3
1.2
-16.8

-2.9
-3.0
-2.8
-1.3
-15.5 j

5.3
8.4
7.7
4.5
4.5

491,3pt
492,3pt

.2
.2
.2

7.4
7.5
6.9

2.2
2.2
2.3

-12.0
-10.8
-16.1

4.2
2.7
9.8

.7
1.0
-.4

1.1
.6
3.0

-2.9
-2.4
-4.7

2.9
2.6
3.8

-3.8
-8.9
28.8

9.7
.9
49.8

13.1
5.6
36.1

13.9
8.9 I
25.9

.4
.3
.9

4.5
3.3
2.7

2.6
.0
-.7

4.7
5.3
4.9

5.1
4.0
3.4

5.8
4.0
3.3

.5
.2
.1

.5
.8
.7

.7
.7
.6

-.3 I
-.3

-1.4
-1.2
-1.3

-2.0
-2.1
-2.4

-1.0
-2.1
-2.4

-.8
•3
.5

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

Transportation equipment
Motor vehicles and parts
Autos and light trucks
Aerospace and misc.
Instruments
Miscellaneous
Nondurable
Foods
Tobacco products
Textile mill products
Apparel products
Paper and products

Printing and publishing
Chemicals and products
Petroleum products
Rubber and plastics products
Leather and products
Mining
Metal mining
Coal mining
Oil and gas extraction
Stone and earth minerals
Utilities
Electric
Gas

24
25
32

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

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




-•2

5.2
4.3
3.6

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

SIC

T§ir-

1996
Proportion

1996
Ave.

1973
High

w~
1980
High

1982
Low

7555^ T^n
1989
High

1991
Low

1996
Jan.

1996
Aug.

Sept.

Oct/

Nov/

Dec/

1997
Jan.P
83.3

Total industry

100.0

82.1

89.2

87.3

71.1

85,3

78.1

82.4

83.2

83.1

83.0

83.4

83.5

Manufacturing

87.4

81.2

88.5

86.9

69.0

85.7

76.6

81.5

82.3

82.1

82.0

82.4

82.7

82.2

86.7
80.9

86.0
80.6

Primary processing
Advanced processing

26.6
60.8

82.3
80.6

91.2
87.2

88.1
86.7

66.2
70.4

88.9
84.2

77.8
76.1

85.0
79.9

86.5
80.4

86.6
80.2

86.7
79.9

86.6
80.5

Durable
Lumber and products
24
Furniture and fixtures
25
Stone, clay, and glass products 32

47.7
2.0
1.3
2.2

79.5
82.7
81.7
78.0

89.2
88.7
96.8
88.8

87.7
87.9
85.5
88.0

63.9
60.8
68.9
64.3

84.5
93.6
86.6
83.6

73.2
75.5
72.5
69.7

81.4
82.9
80.9
79.6

82.5
86.3
80.7
79.7

81.9
85.5
80.6
80.5

81.5
84.2
81.6
79.3

81.8
86.7
81.9
79.5

81.9
84.2
81.4
78.8

81.5
83.4
81.1
78.0

33
331,2

3.2
1.8

333-6,9
3331
3334

1.5
•1
.1

80.8
80.6
80.6
81.3
74.1
88.5

100.2
105.8
102.7
90.8
93.4
95.7

94.2
95.8
95.8
91.1
81.5
97.6

45.1
37.0
35.2
60.1
42.1
58.6

92.7
95.2
92.7
89.3
86.3
100.4

73.7
71.8
71.5
74.2 i
73.6 !
97.3

87.8
87.6
91.6
88.3
87.7
84.3

91.2
89.6
92.3
93.2
77.6
85.8

91.8
88.7
91.4
95.7
86.3
85.6

93.5
92.6
90.5
94.7
95.3
85.8

89.6
87.7
88.1
92.2
85.4
85.6

90.2
87.5
91.1
93.5
86.9
85.5

89.2
86.7
88.4
92.4

78.2

S7.8

83.9

63.7

82.0

72.2

84.3

84.8

84.5

84.3

84.3

84.0

83.5

Primary metals
Iron and steel
Raw steel
Nonferrous
Primary copper
Primary aluminum

Fabricated metal products
industrial machinery
and equipment
Computer and office equif:).
Electrical machinery

•1

I

34

5.2

35
357
36 !

8.9
2.4
8.8

81.5
81.5
81.1

96.0
90.9
89.2

93.2
92.6
89.4

64.0
65.5
71.6

85.4
86.9
84.0

72.4
66.9
75.1

89.7
90.4
84.8

90.5
92.9
82.0

89.6
92.9
81.3

89.1
91.8
80.5

89.2
90.7
80.2

89.1
89.7
80.4

88.7
88.5
78.7

9.8
5.6
2.5
4.2
5.0
1.4

75.7
76.4

86.1
93.4

75.3
81.9
75.3

78.4
89.9
82.9

84.8
95.0
94.6
81.9
92.7
79.4

57.2
45.5
40.6
66.6
78.4
65.4

85.8
89.1
92.2
87.3
81.4
79.0

68.5
55.9
53.3
79.2
77.2
71.7

70.3
73.6
74.1
65.8
77.8
76.9

73.9
75.4
81.4
72.0
79.3
78.1

72.5
71.9
79.1
73.3
79.3
78.1

71.1
68.5
72.8
74.6
79.6
78.0

73.9
72.7
77.8
75.6
79.3
78.7

74.4
72.7
77.8
76.8
79.8
80.3

75.4
73.8
79.6
77.5
79.6
80.2

20
22
23
26
261-3
27

39.7
9.5
1.6
2.0
3.2
1.3
6.6

83.4
83.0
85.5
81.1
89.3
92.4
85.9

87.8
86.0
91.4
84.2
97.1
97.2
89.7

87.5
84.6
91.2
87.5
96.1
98.3
93.9

76.4
79.1
72.3
77.5
80.6
82.0
82.0

87.3
85.4
90.4
85.1
93.5
98.0
91.7

80.7
82.7
77.7
75.5
85.0
89.9
79.6

81.6
80.8
79.8
74.5
86.5
88.6
80.4

82.0
80.4
82.7
75.3
88.0
91.7
80.5

82.4
80.8
82.2
75.0
88.4
91.2
81.4

82.7
81.3
82.4
74.7
87.4
91.5
82.0

83.0
81.6
82.9
74.4
89.4
92.6
82.6

83.6
82.5
81.8
74.2
90.4
93.8
82.4

83.1
82.6
81.4
73.5
90.2

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

10.7
.8
.4
1.5
3.4
.2

79.6
86.6
85.1
86.3
84.9
81.2

87.6
102.0
93.8
96.7
95.5
81.3

84.6
90.9
98.6
90.0
91.2
92.1

69.9
63.4
64.4
66.8
72.7
75.8

86.2
97.0
99.7
88.5
89.6
83.3

79.3
74.8
77.6
85.1
77.4
76.1

78.4
91.6
84.5
92.8
90.1
71.1

78.1
94.9
87.6
94.8
92.1
71.1

78.6
95.4
89.2
94.0
92.7
71.1

79.5
94.0
95.4
95.3
91.5
70.3

79.6
92.4
90.4
94.4
91.6
69.4

80.4

80.2

94.5
92.6
71.4

93.2
91.1
70.0

5.3
.4
.9
3.5
.6
.5

! 87.5
78.5
86.9
I 88.5
72.8
85.4

94.3
89.6
91.0
96.9
93.0
95.0

96.0
87.9
99.4
97.3
104.3
92.7

80.3
44.4
76.6
82.3
50.9
63.3

86.8
89.4
91.5
86.6
60.6
89.1

86.1
79.9
83.4
87.5
53.7
79.4

86.9
82.3
78.7
89.0
71.8
90.0

91.9
87.6
88.7
92.5
82.9
96.7

91.0
88.7
85.8
92.0
79.7
94.1

91.0
88.9
86.8
91.6
81.8
95.1

91.0
86.3
87.8
92.0
82.5
93.0

92.3
87.8
88.3
93.3
84.8
95.3

91.6
88.6
83.7
93.9
90.0
92.3

7.3

87.2
89.1
82.4

96.2
99.0
94.1

89.1
88.2
93.7

75.9
78.9
69.1

92.6
95.0
85.0

83.4
87.1
67.1

91.0
92.4
85.7

88.5
90.2
82.5

88.6
89.6
84.9

89.0
90.2
84.5

89.9
90.6
86.9

87.1
88.2
82.8

89.4
90.3
85.9

37
Transportation equipment
Motor vehicles and parts
371
1
Autos and light trucks
Aerospace and misc.
372-6,9
Instruments
38
Miscellaneous
39
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

10
12
13
138
14
491,3pt I
492,3pt

5.6
1.7

j

85.5

81.7

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 triciudes foods, tobacco products, apparel products, printing and publishing, chemical products and other agricultural
chemicals, leather and products, furniture and fixtures, industrial machinery and equipment, electrical machinery, transportation equipment, instruments,
and miscellaneous manufactures.




Table 4
INDUSTRIAL CAPACITY: MANUFACTURING, MINING, AND UTILITIES
__

Item

SIC

^Percent change
~
Annual rate " ~ " 1
™~~
December taDecember
~
~
1667- TMT^ ^ § 7 5 ^
1996
1975 1996
1996
Ave.
Ave. . Ave. 1992 1993^ 1994 1995 1996P
Jan^

Capacity indexes
Percent of 1992 output
1996
Aug., Sept.

Oct.

Nov.

Dec.

1997
Jan.

Total Industry

2.8

3.8

2.4

1.9

1.8

2.9

3.4

3.7

136.3

139.2

139.6

140.0

140.5

140.9

141.4

Manufacturing

3.1

4.0

2.7

2.1

2.0

3.2

3.8

4.1

139.1

142.5

142.9

143.4

143.9

144.4

144.9

Primary processing
Advanced processing

2.1
3.6

4.1
4.0

1.3
3.4

1.0
2.6

1.2
2.4

2.1
3.8

2.1
4.6

2.4
4.9

128.9
144.2

130.7
148.2

130.9
148,8

131.2
149.4

131.5
150.0

131.7
150.7

132.0
151.3

Durable
Lumber and products
24
Furniture ana fixtures
25
Stone, clay, and glass proclucts 32

3.4
1.8
2.8
1.4

3.7
2.9
4.5
2.5

3.3
1.3
2.1
.9

2.1
.1
.5
.2

2.6
.4
1.4
.1

4.2
2.6
1.4
1.0

5.7
2.1
1.3
1.3

6.2 • 149.2

2.9
2.4
2.3

127.0
132.8
138.3

154.5
129.1
134.7
140.2

155.3
129.4
135.0
140.5

156.0
129.7
135.2
140.7

156.8
130.0
135.5
141.0

157.7
130.4
135.8
141.3

158.5
130.7
136.0
141.5

33
331,2

.2
-.5
-1.0
1.4
.3
1.3

1.7
.7
.3
3.8
1.8
5.2

-.5
-1.0
-1.6
.4
-.4
-.4

-1.1
-2.4
-3.1
.6
9.5
.3

-.1
-.8
-4.3
.9
5.2
.5

1.5

1.8
1.8

3.5
4.8
.9
1.9

129.8 130.2
131.9 132.4
123.1 123.2
127.1 127.3
128.4 128.0
103.7 .103.7

130.6
133.0
123.3
127.5
127,7
103.7

131.0
133.5
123.4
127.8
127.3
103.7

131.4
134.0
123.5
128.0
127.0
103.7

131.8
134.6
123.5
128.3
126.6
103.7

34

1.6

3.1

1.0

-.1

142.5

35
357
36

5.1
19.8
7.2

4.7
12.0
5.9

5.3
23.3
7.7

Transportation equipment
37
Motor vehicles and parts
371
1
Autos and light trucks
Aerospace and misc.
372-6,9
Instruments
38
Miscellaneous
39

2.6
3.3

3.0
4.4

2.4
2.9

1.5
4.6
2.1

1.1
7.6
4.4

20
?2
23
26
261^3
27

2.7
2.4
2.2
1.2
2.8
2.5
2.6

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

Primary metals
Iron and steel
Raw steel
Nonferrous
Primary copper
Primary aluminum

-2.9

.0

1.8
2.5
.0

.0

127.2
128.3
122.6
125.8
130.8
103.7

1.6

1.4

2.8

2.9

138.4

140.8

141.1

141.4

141.8

142.1

4.0
15.0
6.6

4.8
19.4
8.3

6.5

9.2

23.1
12.0

29.5
17.0

11.6
36.7
16.5

165.4
278.5
183.7

176.3
334.6
200.6

177.9 179.6
343.5 "352.6
203.2 205.8

181.3
362.0
208.5

183.0 184.7
371.6 381.5
211.2 213.9

.7
3.0
-.2
-2.0
.5
1.5

3.2
7.9
6.2

2.8
7.1
5.7

1.1
3.0
1.5

1.6
3.4
1.2

1.4
3.2
1.1
.0
1.1
1.5

-2.1

-2.6

-1.4

.1
1.4

.0
1.4

.0
1.4

147.0
173.2
159.8
121.2
129.9
143.4

147.9
176.1
160.9
120.2
129.9
144.5

148.0
176.5
161.1
120.0
129.9
144.7

148.2
176.9
161.3
119.9
129.9
144.9

148.3
177.3
161.5
119.8
129.9
145.0

148.4
177.7
161.7
119.7
129.9
145.2

148.6
178.2
161.9
119.5
129.9
145.4

4.3
3.0
4.4
2.3
3.9
2.9
3.0

2.0
2.1
1.4
.8
2.3
2.3
2.5

2.3
2.6
1.8
.2
1.8
2.1
.7

1.3
1.8
2.5
.5
2.3
1.8
-.9

1.9
2.0
3.7
.4
1.4
1.9
.0

1.6
2.1
4.1
3.2
2.0
3.0
-.2

1.7
1.9
2.3
1.1
1.5
2.2
-.6

128.3
129.8
128.5
130.0
121.7
117.5
122.1

129.6
131.2
130.1
130.8
122.9
119.0
121.7

129.8
131.4
130.4
130.9
123.0
119.2
121.6

130.0
131.6
130.6
131.0
123.2
119.4
121.6

130.1
131.8
130.8
131.1
123.3
119.6
121.5

130.3
132.0
131.1
131.2
123.4
119.8
121.5

130.5
132.2
131.3
131.3
123.5
120.0
121.4

3.8
6.6
3.8
1.5
5.2
-3.2

6.8
12.7
9.7
4.2
8.4
-1.5

2.5
4.1
1.4
.3
3.8
-3.9

3.9
1.1
3.8
-1.5
3.8
-2.5

2.1
-1.6
.8
-.5
3.2
-2.1

3.0
7.5
1.2
2.1
4.4

2.0
5.4
-.2
-.5
2.0

3.6
7.1
1.3
.4
1.6

-1.7

-1.9

-1.4

136.2
126.6
120.7
113.4
131.2
112.7

139.2
131.8
121.6
113.7
132.4
111.8

139.6
132.5
121.8
113.7
132.6
111.6

140.0
133.3
121.9
113.8
132.8
111.5

140.3
134.0
122.0
113.8
133.0
111.4

140.7
134.8
122.2
113.8
133.2
111.3

141.1
135.6
122.3
113.9
133.4
111.1

-.1
.5
2.4
-1.0
.8
2.6

.1
1.7
2.3
-.5
.0
.4

-1.2
2.6
-.5
-1.9
-6.8
.4

-.5
1.6
1.6
-1.6
-67
1.7

113.9

10
12
13
138
14

.1
1.3
2.4
-.6
.2
1.0

113.7
118.7
123.6
109.3
147.9
125.8

113.7
118.7
123.7
109.2
147.4
126.0

113.7
118.8
123.8
109.2
146.8
126.2

113.7
118.8
124.0
109.1
146.3
126.4

113.7
118.8
124.1
109.1
145.8
126.6

113.7
118.8
124.2
109.0
145.2
126.9

491,3pt
492,3pt

2.8
3.9
.3

6.1
7.8
2.3

1.5
2.3
-.5

1.3
1.5
.0

• 1.3
*

2.1
123.7 125.2
.2.6.,! 12t.8 I 123.6
.8 ! 131.0 131.6

125.4
123.9
131.7

125.6 125.9
1-24.1 -124.4
131.8 131.9

126.1
124.7
132.0

126.3
124.9
132.0

333-6,9
3331
3334

Fabricated metal products
Industrial machinery
and equipment
Computer and office equip>.
Electrical machinery

Nondurable
Foods
Textile mill products
Apparel products
Paper and products
Pulp and paper
Printing and publishing

Minina
Metaimining
Coal mining
Oil and gas extraction
Oil and gas well drilling
Stone and earth minerals
Utilities
Electric
Gas

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




.8
.2

-3,1

1.4
-.4
-1.1

.8
-1.8

4.5
.0
-.9
1.0
1.2
1.0
.4

3.3^

-.6
1.2

-•3
1.0

j 117.9

-1.4

1.1

-.9

-1.0
-4.2
1.9

122.7|
110.0 j
151.7 I
! 124.5

-2.2

1.9
1.9
«2.4 -

.5

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
1985
1986
1987
1988
1989

.4
.6
-.6
.1
.5

.9
-.7
1.2
.3
-.8

.3
-1.0
.4
.0
.9

.2
.8
.4
.6
.3

.2
-.2
.4
.1
-.6

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

-.4
.3
.6
1
-1.0

.6
.3
.1
.5
.4

.6
-.1
-.1
-.4
-.2

-.9
.9
1.3
.3
-.5

.6
.5
.3
.7
A

.7
.9
.6
.5
.5

3.0
2.0
4.3
3.1
3.8

2.8
-1.7
6.7
3.0
.5

.3
.7
5.6
3.8
-AA

1.4
6.5
6.9
3.6
.0

1.6
1.1
4.6
4.4
1.8

1990
1991
1992
1993
1994

-.5
-.5
.0
.4
,3

.5
-.8
.7
.5
.5

.5
-.9
.8
.1
7

-.6
.3
.7
.3
.4

A
.8
A
-.6
.6

.0
1.2
-.3
.2
.5

-.1
.1
.7
.3
.5

.2
.1
-A
-.2
.0

.1
.9
.5
1.0
,1

-.5
-.1
.8
.3
.6

-1.3
-.1
.6
.5
.6

-.6
-.6
.1
.7
.9

1.9
-S.2
1.1
3.7
6.2

.8
1.3
6.7
.8
6.7

.9
6.3
2.2
1.7
4.4

-5.7
1.1
5.6
5.8
5.6

-.2
-2.0
3.2
3.4
5.0

1995
1996
1997

.3
-.4
.0

-.2
1.3

A
-.5

-.3
.9

,1

.2
.6

.0
.0

.8
.3

.4
j

-.4
.2

.2
.8

.1
.5

3.9
1.6

-.7
6.2

3.2
3.3

.8
4.3

3.3
2.7

Industrial
Production
1985
1986
1987
1988
1989

86.9
89.6
90.2
95.8
99.7

87.6
88.9
91.2
96.1
98.9

87.8
88.0
91.5
96.2
99.8

88.0
88.7
91.9
96.7
100.1

88.2
88.5
92.3
96.8
99.5

88.0
88.2
93.1
96.8
99.3

87.6
88.5
93.7
97.4
98.3

88.1
88.7
93.8
98.0
98.7

88.6
88.7
93.7
97.6
98.5

87.9
89.5
94.9
97.9
98.1

88.4
89.9
95.2
98.6
98.5

89.0
90.7
95.8
99.1
98.9

87.4
88.8
91.0
96.0
99.5

88.0
88.5
92.5
96.8
99.6

88.1
88.6
93.7
97.7
98.5

88.4
90.0
95.3
98.5
98.5

88.0
89.0
93.1
97.3
99.0

1990
1991
1992
1993
1994

98.5
96.7
97.5
102.3
105.7

99.0
95.9
98.1
102.8
106.2

99.4
95.0
98.9
102.8
107.0

98.9
95.3
99.6
103.2
107.4

99.3
96.0
100.0
102.6
108.1

99.3
97.2
99.7
102.8
108.6

99.2
97.2
100.4
103.1
109.1

99.4
97.4
100.1
102.8
109.2

99.5
98.3
100.5
103.9
109.3

99.0
98.2
101.3
104.1
109.9

97.7
98.1
101.9
104.6
110.6

97.1
97.4
101.9
105.4
111.6

99.0
95.8
98.2
102.6
106.3

99.2
96.2
99.8
102.8
108.0

99.4
97.6
100.3
103.3
109.2

97.9
97.9
101.7
104.7
110.7

98.9
96.9
100.0
103.4
108.6

1995
1996
1997

111.9
112.4
117.7

111.6
113.8

111.7
113.2

111.4
114.3

111.5
114.8

111.7
115.5

111.7
115.5

112.6
115.8

113.0
116.0

112.5
116.2

112.7
117.1

112.8
117.7

111.8
113.1

111.6
114.8

112.4
115.8

112.7
117.0

112.1
115.2

Capacity
1985
1986
1987
1988
1989

108.7
112.2
113.9
115.3
116.8

109.0
112.3
114.0
115.5
117.0

109.2
112.5
114.1
115.6
117.2

109.5
112.7
114.3
115.7
117.4

109.8
112.8
114.4
115.8
117.6

110.1
113.0
114.5
115.9
117.8

110.4
113.1
114.6
116.0
118.0

110.7
113.3
114.7
116.2
118.2

111.0
113.4
114.8
116.3
118.4

111.3
113.5
115.0
116.4
118.6

111.6
113.7
115.1
116.5
118.8

111.9
113.8
115.2
116.7
119.0

109.0
112.3
114.0
115.5
117.0

109.8
112.8
114.4
115.8
117.6

110.7
113.3
114.7
116.2
118.2

111.6
113.7
115.1 !
116.5 i
118.8

110.3
113.0
114.6
116.0
117.9

1990
1991
1992
1993
1994

j 119.2
| 121.4
| 123.3
125.7
i 128.0

119.3
121.5
123.6
125.8
128.3

119.5
121.7
123.8
126.0
128.6

119.7
121.9
124.0
126.2
128.9

119.9
122.0
124.2
126.4
129.2

120.0
122.2
124.4
126.6
129.5

120.2
122.4
124.6
126.7
129.8

120.4
122.5
124.7
126.9
130.1

120.6
122.7
124.9
127.1
130.5

120.8
122.8
125.1
127.3
130.8

121.0
123.0
125.3
127.5
131.1

121.2
123.2
125.5
127.7
131.4

119.3
121.5
123.6
125.8
128.3

119.9
122.0
124.2
126.4
129.2

120.4
122.5
124.7
126.9
130.1

121.0 |
123.0
125.3
127.5
131.1

120.1
122.3
124.4
126.7
129.7

1995
1996
1997

131.8
136.3
141.4

132.1
136.7

132.5
137.1

132.8
137.5

133.2
137.9

133.6
138.4

134.0
138.8

134.3
139.2

134.7
139.6

135.1
140.0

135.5
140.5

135.9
140.9

132.1
136.7

133.2
137.9

134.3
139.2

135.5
140.5 |

133.8
138.6

79.9
79.8
79.1
83.1
85.3

80.4
79.2
80.0
83.3
84.5

80.4
78.2
80.2
83.2
85.1

80.3
78.7
80.5
83.6
85.2

80.3
78.4
80.7
83.6
84.6

79.9
78.1
81.3
83.5
84.3

79.4
78.2
81.8
84.0
83.3

79.6
78.3
81.7
84.3
83.5

79.9
78.2
81.6
84.0
83.2

79.0
78.8
82.6
84.1
82.7

79.2
79.1
82.7
84.6
82.9

79.5
79.7
83.1
85.0
83.2

80.2
79.1
79.8
83.2
85.0

80.2
78.4
80.8
83.6
84.7

79.6
78.2
81.7
84.1
83.3

79.2
79.2
82.8
84.6
82.9

79.8
78.7
81.3
83.9
84.0

1990
1991
1992
1993
1994

82.6
79.6
79.0
( 81.4
82.6

82.9
78.9
79.4
81.7
82.8

83.2
78.1
79.9
81.6
83.2

82.6
78.2
80.4
81.7
83.3

82.8
78.7
80.6
81.2
83.7

82.7
79.5
80.2
81.2
83.9

82.5
79.5
80.6
81.3
84.1

82.5
79.5
80.2
81.0
83.9

82.5
80.1
80.5
81.7
83.7

81.9
79.9
81.0
81.8
84.1

80.7
79.7
81.3
82.1
84.4

80.1
79.1
81.2
82.5
84.9 j

82.9
78.9
79.5
81.6
82.9

82.7
78.8
80.4
81.4
83.6

82.5
79.7
80.4
81.3
83.9

80.9
79.6
81.2
82.1
84.4

82.3
79.2
80.4
81.6
83.7

1995
1996
1997

84.9
82.4
83.3

84.5
83.2

84.3
82.6

83.9
83.1

83.7
83.2

83.6
83.5

83.4
83.2

83.8
83.2

83.9
83.1

83.3
83.0

83.2
83.4

83.0
83.5

84.6
82.8

83.7
83.3

83.7
83.2

83.2
83.3

83.8
83.1

Utilization
1985
1986
1987
1988
1989

Quarterly percent changes are at annual rates. Annual percent changes are calculated trom annual averages




10

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

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.

Oct.

Nov.

Dec.

Q1

Q2

Q3

Q4

Annual

Industrial
Production,
Percent
Change 1
1985
1986
1987
1988
1989

.1
1.5
-.8
-.2
.9

.6
-.5
1.6
.4
-1.2

.7
-.9
.2
-.1
.8

.2
1.4
.5
1.0
.1

.5
-.1
.3
-.1
-.7

-.3
-.3
1.0
.0
.0

-.4
.3
.7
J
-1.1

.9
.6
-.2
.3
.4

.4
.0
.1
.2
-.3

-.8
.8
1.3
,2
-.6

1.1
.4
.5
1.0
.4

-.1
1.2
.6
.6
.1

2.1
4.5
5.0
2.4
4.3

4.2
1.7
7.0
4.1
-.7

1.1
1.7
5.5
3.7
-4.5

1.6
6.7
7.6
5.2
-1.4

2.3
2.8
5.3
4.7
1.9

1990
1991
1992
1993
1994

-.2
-.9
.2
.8
.1

.9
-.7
.8
.3
.6

.3
-1.1
.9
.1
.9

-.8
.3
.6
.5
.7

.4
.7
.4
-.5
.7

-.1
1.4
-.1
.0
.2

,0
.2
.7
.3
.8

.3
.2
-.3
-.3
.1

,0
1.1
.4
1.1
.2

-.6
-.1
.7
.2
.7

-1.3
-.2
.6
.5
.7

-.6
2.9
-.5
-9.7
-.1 j 2.3
.8
4.5
.9
6.3

-.1
1.2
7.3
1.4
8.1

.8
7.8
2.8
1.2
5.0

-6.3
1.7
5.1
6.2
6.7

-.5
-2.4
4.0

1995
1996
1997

.4
-.4
-.2

-.4
1.3

.1
-.8

-.3
1.1

-.1

-.1

-

/

.2
.7

.7
.2

-.4
.2

-.1
.8

.1
.7

4.2
1.1

-1.4
6.3

2.6
5.0

1.0
4.6

3.5
2.8

Industrial
Production
1985
1986
1987
1988
1989

84.4
87.9
89.6
95.4
100.3

84.9
87.4
91.0
95.8
99.1

85.4
86.6
91.2
95.7
99.9

85.6
87.8
91.6
96.7
100.0

86.0
87.7
91.9
96.6
99.4

85.7
87.5
92.8
96.6
99.4

85.4
87.7
93.4
97.2
98.3

86.1
88.2
93.3
97.5
98.7

86.4
88.2
93.4
97.7
98.4

85.7
88.9
94.6
97.9
97.9

86.7
89.3
95.0
98.9
98.2

86.6
90.3
95.6
99.4
98.3

84.9
87.3
90.6
95.7
99.8

85.8
87.7
92.1
96.6
99.6

86.0
88.0
93.4
97.5
98.5

86.3
89.5
95.1
98.7
98.1

85.7
88.1
92.8
97.1
99.0

1990
1991
1992
1993
1994

98.1
95.8
97.2
102.6
106.0

99.0
95.1
98.0
102.9
106.6

99.3
94.1
98 o
103.0
107.5

98.6
94.4
99.5
103.6
108.2

99.0
95.0
100.0
103.0
109.0

98.9
96.3
99.9
103.0
109.2

98.8
96.6
100.5
103.4
110.0

99.1
96.8
100.2
103.0
110.1

99.1
97.8
100.6
104.2
110.3

98.5
97.8
101.4
104.4
111.1

97.2
97.6
102.0
105.0
111.9

96.6
97.1
101.8
105.9
112.9

98.8
95.0
98.0
102.9
106.7

98.8
95.2
99.8
103.2
108.8

99.0
97.0
100.5
103.5
110.2

97.4
97.5
101.7
105.1
111.9

98.5
96.2
100.0
103.7
109.4

1995
1996
1997

113.3
113.4
119.1

112.9
114.8

113.1
113.9

112.7
115.2

112.6
115.7

112.9
116.4

112.7
117.0

113.4
117.2

114.2
117.4

113.8
117.6

113.6
118.5

113.8
119.4

113.1
114.0

112.7
115.8

113.4
117.2

113.7
118.5

113.2
116.4

Capacity
1985
1986
1987
1988
1989

107.0
111.0
113.2
115.1
117.0

107.3
111.2
113.4
115.3
117.3

107.6
111.4
113.6
115.4
117.5

108.0
111.6
113.8
115.5
117.8

108.3
111.7
113.9
115.7
118.0

108.7
111.9
114.1
115.8
118.3

109.0
112.1
114.2
116.0
118.5

109.3
112.3
114.4
116.1
118.7

109.7
112.5
114.6
116.3
119.0

110.0
112.7
114.7
116.5
119.2

110.4
112.9
114.9
116.6
119.5

110.7
113.0
115.0
116.8
119.7

107.3
111.2
113.4
115.3
117.3

108.3
111.7
113.9
115.7
118.0

109.3
112.3
114.4
116.1
118.7

110.4
112.9
114.9
116.6
119.5

108.8
112.0
114.1
115.9
118.4

1990
1991
1992
1993
1994

119.9
122.4
124.5
127.2
129.8

120.1
122.6
124.7
127.4
130.1

120.3
122.7
125.0
127.6
130.5

120.5
122.9
125.2
127.8
130.8

120.7
123.1
125.4
128.0
131.2

120.9
123.3
125.7
128.2
131.5

121.1
123.5
125.9
128.4
131.9

121.3
123.6
126.1
128.6
132.2

121.5
123.8
126.3
128.9
132.6

121.7
124.0
126.5
129.1
132.9

121.9
124.2
126.8
129.3
133.3

122.2
124.3
127.0
129.5
133.6

120.1
122.6
124.7
127.4
130.1

120.7
123.1
125.4
128.0
131.2

121.3
123.6
126.1
128.7
132.2

121.9
124.1
126.8
129.3
133.3 !

121.0
123.4
125.8
128.3
131.7

1995
1996
1997

134.0
139.1
144.9

134.4
139.6

134.8
140.1

135.2
140.5

135.6
141.0

136.0
141.5

136.5
142.0

136.9
142.5

137.3
142.9

137.8
143.4

138.2
143.9

138.7
144.4

134.4
139.6

135.6
141.0

136.9
142.5

138.2
143.9

136.3
141.7

78.9
79.1
79.1
82.9
85.7

79.1
78.6
80.2
83.1
84.5

79.3
77.8
80.3
82.9
85.0

79.2
78.7
80.6
83.7
84.9

79.4
78.5
80.7
83.5
84.2

78.9
78.1
81.4
83.4
84.1

78.3
78.2
81.8
83.8
83.0

78.8
78.6
81.5
84.0
83.1

78.8
78.4
81.5
84.0
82.7

77.9
78.9
82.5
84.1
82.1

78.5
79.1
82.8
84.8
82.2

78.2
79.9
83.1
85.1
82.2

79.1
78.5
79.9
83.0
85.1

79.2
78.5
80.9
83.5
84.4

78.6
78.4
81.6
83.9
82.9

78.2
79.3
82.8
84.7
82.1

78.8
78.7
81.3
83.8
83.6

1990
1991
1992
1993
1994

81.8
78.2
78.1
80.7
81.6

82.4
77.6
78.6
80.8
81.9

82.6
76.6
79.1
80.7
82.4

81.8
76.8
79.5
81.0
82.7

82.0
77.2
79.7
80.5
83.1

81.8
78.1
79.5
80.4
83.0

81.6
78.2
79.9
80.5
83.4

81.7
78.3
79.5
80.1
83.3

81.5
79.0
79.7
80.9
83.2

80.9
78.9
80.1
80.9
83.6

79.7
78.6
80.4
81.2
84.0

79.1
78.1
80.2
81.7
84.5

82.3
77.5
78.6
80.7
82.0

81.9
77.4
79.5
80.6
83.0

81.6
78.5
79.7
80.5
83.3

79.9
78.5
80.2
81.3
84.0

81.4
78.0
79.5
80.8
83.1

1995
1996
1997

84.6
81.5
82.2

84.0
82.2

83.9
81.3

83.4
82.0

83.0
82.0

83.0
82.3

82.6
82.4

82.9
82.3

83.2
82.1

82.6
82.0

82.2
82.4

82.0
82.7

84.2
81.7

83.1
82.1

82.9
82.3

82.3
82.3

83.1
82.1

Year

Utilization
1985
1986
1987
1988
1989




F>

Annual percent changes are calculated tram annual averages.

11

I

3

-7

5.5

Table 6
INDUSTRIAL PRODUCTION: INDUSTRY SUBTOTALS AND INDIVIDUAL SERIES

J^gCtL^-------------^-.

Index. 1552"^ 1o6
—
1996
seasonally adjusted'
Not seasonaIfyacpu steel
"T55B""
IP - !
SIC Proportion1, ,,j°-mr ™ M C L » Sept. 'Oct/ Nov/ Dec/ I _jyy_„ . Aug. Seot. Oct/ Nov/
_july_

-

Metal mining
Iron ore
Nonferrous ores
Copper

Oil and gas extraction
Crude oil and natural gas
Crude oil, tola
Natural gas
Natural gas liquids
Oil and gas we 1 drilling

Dec/

.42
.06
.36
.12

103.1
115.2
101.3
103.0

104.0
118.8
1019
105.6

105.3
117.5
103.5
110.0

105.6
114.3
104.4
105.6

102.6
117.6
100.4
110.9

104.3 !
111.8 !
103.3 |
115.8 |

104.2
121.5
101.8
105.4

105.1.
124.4
102.4
108.1

107.5
124.2
105.2
111.8

104.1
112.7
103.0
107.4

102.3
120.0
99.9
106.8

103.8
112.7
102.7
112.9

12

.87

102.7

109.6

106.2

107.5

108.8

109.6

93.9

111.4

109.3

110.9

108.7

106.2

13
131

3.72
2.85
1.52
1.33
.22
.64

100.9
97.0
89.3
107.6
108.5
122.1

101.1
97.1
88.8
108.4
110.9
122.6

100.5
97.2
90.8
106.7
111.2
117,5

100.0
96.0
88.9
105.8
112.9
120.2

100.4
96.3
88.6
107.0
112.7
120.7

101.8 , 99.4
97.5
95.3
88.2
87.7
105.6
113.1 109.0
123.6 121.4

100.2
95.2
87.7
105.7
111.1
126.0

100.6
95.7
89.4
104.5
112.2
126.2

100.8
95.1
89.2
103.1
114.0
130.4

103.3
97.7
89.3
109.4
114.1
132.7

104.5
99.3
89.0
110.4
133.7

10
101
102-4,8,9 !
102

Coal mining

—

132
138
14

.59

120.6

121.7

118.5

120.0

117.6

120.7

138.3

142.4

138.4

141.7

118.9

98.9

20
201

202
2021
2022
2023
2024
2026

9.37
1.26
.48
.27
.49
.02
.81
.01
.19
.14
.12
.34

106.5
111.7
108.9
101.8
122.3
101.6
95.8
71.5
105.2
79.0
97.8
99.4

105.5
111.8
110.1
99.4
123.1
101.5
95.8
77.5
108.2
76.0
95.4
100.2

106.2
108.2
100.6
102.1
121.5
100.9
97.5
84.6
106.4
80.9
99.9
100.8

107.1
109.6
105.4
99.5
121.8
101.2
98.2
80.0
107.9
84.2
96.1
101.6

107.6
109.3
107.8.
94.8
121.6
99.8
99.4
86.3
106.7
93.3
92.0
102.0

108.9 -108,8
108.5 108.1
108.1 110.1
95.4
89.8
119.1 118.8
.95.8
92.2
100.0
97.7
80.9
55.8
108.9 101.0
89.2
76.7
100.7 122.0
101.2
99.1

112.6
114.2
115.8
95.4
125.7
96.4
93.4
57.7
102.6
64.9
111.7
97.5

114.6
111.0
105.5
102.6
122.9
99.1
92.5
68.0
106.8
83.9
99.5
97.7

112.2
115.3
109.3
106.7
128.1
101.1
91.4
73.7
107.5
69.6
83.8
97.6

107.7
108.8
104.3
101.9
118.4
99.1
914
78.1
107.2
77.8
72.2
97.9

105.7
105.5
101.9
99.7
113.4
98.3
95.2
88.5
109.9
91.8
72.1
98.3

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

1.30
1.30
1.04
.64
.23
1.74
.55
.98
1.05
.17

103.7
107.7
105.2
106.2
98.2
110.5
102.7
115.5
108.9
99.4

100.6
104.8
104.0
108.0
95.0
110.6
104.8
114.3
108.4
97.3

103.7
105.6
105.1
109.2
92.4
111.3
104.1
116.2
109.9
96.0

105.2
107.1
105.9
109.4
96.1
112.4
103.7
118.8
107.8
101.0

106.2
107.5
103.8
111.2
97.0
112.9

106.9
108.8
105.5
116.2
100.3
114.6

127.8
110.4
117.8
117.1
90.4
119.1
97.8
133.9
119.3
91.2

118.3
110.3
109.2
129.6
100.9
115,1
98.1
122.9
111.5
107.2

99.7
110.3
99.5
133.3
104.1
102.4

118.5
111.3

118.4
107.4
115.6
105.9
89.7
121.5
111.9
130.6
117.9
97.7

106.8
110.4
101.0
133.0
104.1
108.1

117.8
110.0
110.8

106.0
106.2
114.5
95.3
89.9
119.7
113.3
129.6
114.9
90.8

112.3
109.6
115.8

108.7
111.9

1.16

102.5

104.1

104.9

104.0

105.6

108.4

87.6

114.8

108.1

115.5

103.7

89.1

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

1.58
.39
.32
.04
.44
.32.
.15
.18
41
.19

108.7
110.7
114.5
109.0
110.3
112.7
107.2
99.3
110.2
105.1

107.7
105.8
108.6
109.8
108.3
109.5
103.5
107.6
110.6
104.1

107.2
107.2
110.2
110.1
107.0
107.8
100.5
108.5
109.7
102.4

107.6
107.7
110.6
110.9
109.4
111.2
102.3
99.3
111.7
105.7

108.4
106.2
108.8
109.9
107.8
108.8
101.8
109.1
113.7
112.0

107.2
103.5

104.3
99.7
102.0
102.9
112.0
117.7

110.1
105.3
109.1
112.7
116.5
122.8
99.6
110.5
112.0
104.1

113.4
110.4
115.3
111.5
118.4
115,8
105.9
113.8
113.9
108.1

105.9
105.8
109.0
112.0
104.8
103.2
103.1
97.0
1124
106.7

96.1
96.9

1084
108.5
109.5
94.0 I 94.5
106.2 105.0
115.1 104.4
111.1
97.1

111.5
108.5
112.8
111.8
116.0
125.5
107.9
107.5
112.8
107.7

110.0
96.8
99.0
83.5
83.9
105.0
89.7

Apparel products

23

1.80

98.3

98.5

98.2

97.8

97.5

97.4

96.3

101.8

101.5

99.1

98.0

97.1

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

2.06
.79
.28
1.27
.65
.15
.23

109.3 111.4 110.7
97.8 101.8
99.6
95.3
93.1
91.2
117.9 118.6 119.1
113.1 112.7 112.4
106.6 103.6
97.9
I 163.0 167.4 165.6

109.2
95.7
91.6
119.3
113.6
100.4
165.3

112.8
104.6
94.7
119.0
112.8
101.1
159.8

109.7 107.7 115.7
100.9 97.5 T05.8
92.6 100.0 102.7
116.4 115.4 123.2
111.0 113.8 117.2
92.8 103.3 107.2
146.2 I 147.8 182.5

115.4
105.6
100.6
122.8
116.0
101.5
175.6

115.4
104.0
99.6
124.0
118.1
104.6
183.7

110.8
101.8
95.4
117.6
112.9
98.8
156.9

104.0
94.6
89.9
111.0
108.9
84.9
123.2

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

21

1. The IP proportion data are estimates of the industries' relative contributions to overall IP growth in the following year.




12

;

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

Item

= „ _ _

SIC

1996
IP
Proportion1

l

"

~

Index. 1665 = 106

Seasonally adjust i d

fsJot seasonally adjusted

rw
July

Aug.

Sept.

Oct/

Nov/

Dec/

108.8
112.2

108.8
111.2

110.4
111.5

111.0
111.3

110.5
110.5

108.1
109.1
I 101.7 103.6
I 107.6 104.3
116.8 119.5
110.2 107.4
114.5 113.0
107.9 104.4

108.8
108.6
101.7
104.7
117.6
108.9
119.0
103.3

107.6
109.3
100.2
104.9
119.5
106.5
109.7
104.8

1666
July

Aug.

Sept.

Oct/

Nov/

Dec/

107.2
103.1

115.9
117.1

115.1
116.2

111.4
113.5

108.8
109.4

108.8
109.9

110.2
110.8
104.5
107.5
118.4
109.8
115.7
106.6

111.5 I 108.2
112.4 108.5
98.8 104.2
109.9 ! 105.1
120.4 115.7
110.9 108.0
114.0 113.4
109.3 104.9

109.2
109.6
103.1
105.2
118.9
109.0
114.7
105.7

108.8
108.3
101.0
104.2
117.5
109.1
119.6
103.2

110.0
109.3
100.8
105.6
118.0
110.4
121.2
104.3

109.0
110.1
102.4
108.2
115.3
108.3
110.0
107.2

106.7
108.9
97.1
106.8
115.4
105.2
101.8
107.0

25
251

1.30
.60

108.1
109.5

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

3.29
1.31
.09
.76
.46
1.97
.73
1.24

110.2
110.1

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

6.45
1.42
1.91
3.12

97.6
83.1
99.4
104.2

97.9
85.0
100.3
103.4

99.1
87.3
100.3
104.6

99.7
88.9
101.4
104.4

100.3
87.5
101.8
106.3

100.1
86.4
102.2
106.2

101.9
81.6
99.2
114.7

104.4
81.6
101.4
118.6

105.1
86.4
100.7
118.1

100.7
89.8
98.7
107.9

99.1
89.5
101.3
102.8

98.2
88.2
103.3
100.2

28

10.13

109.0

108.7

109.7

111.3

111.7

113.1

113.3

114.2

115.2

112.1

108.5

107.6

281,2,6
281
2812
2816
2819

4.03
.80
.06
.09
.52
.36

103.6
87.1
114.1
91.7
80.8
94.1

103.3
87.3
111.0
95.6
80.8
94.0

104.0
88.1
112.7
93.9
82.1
93.9

106.8
90.4
113.1
109.8
82.3
93.7

106.0
89.0
114.9
89.3
82.9
93.7

107.6
90.4
115.7
102.5
82.6
93.8

103.0
84.7
114.1
89.6
77.8
90.7

103.3
87.7
113.5
94.4
81.1
96.0

104.8
90.1
113.1
93.0
84.7
99.4

106.7
92.5
113.5
103.9
86.1
99.4

105.0
90.6
115.3
87.1
85.2
98.3

104.3
88.2
117.3
98.4
80.5
89.4

282
2821
2823,4
286

1.41
.90
.38
1.84

120.1
124.3
110.6
100.9

118.9
125.1
106.5
100.9

120.6
126.4
108.6
100.8

123.3
125.3
116.2
103.9

120.3
123.9
110.3
105.0

121.3

117.2
122.4
105.7
101.7

120.9
126.8
109.0
101.3

124.4
126.7
118.2
102.0

119.0
122.2
109.4
102.8

114.3

107.0

117.6
122.0
108.0
102.5

105.7

283-5,9
283
284
285
287

5.49
3.05
1.36
.51
.60

113.7
116.9
103.6
128.8
102.6

113.1
115.2
103.4
127.1
104.9

114.6
118.9
102.5
126.5
103.7

115.5
120.5
105.3
121.3
104.0

116.7
122.9
105.6
116.0
103.7

118.3
124.6
107.5
114.3
103.0

122.8
129.5
109.8
132.9
99.4

124.0
129.2
112.5
133.1
102.4

124.7
132.6
110.5
131.4
103.1

116.8
121.8
106.3
126.0
105.2

111.2
116.8
101.2
104.9
106.0

110.3
117.1
101.7
88.8
102.8

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

1.75
1.56
.32
.30
.05
.15
.75
.19

105.3
103.9
100.0
105.6
74.8
105.0
106.9
116.3

107.8
106.2
104.5
111.2
83.0
109.2
106.2
120.1

106.9
105.4
104.2
111.1
80.3
118.4
103.2
118.1

108.4
106.8
105.5
120.3
81.3
111.4
103.4
120.5

107.4
105.8
104.0
117.2
75.2
108.6
104.2
119.5

107.6
105.9
104.7
115.0
77.0
110.3
104.4
120.6

110.0
107.7
115.1
105.6
72.3
107.3
108.3
127.6

112.3
109.4
119.7
110.9
82.0
108.6
106.8
135.9

111.9
109.3
116.0
114.5
79.9
119.0
105.0
133.3

109.7
106.7
106.2
122.0
77.6
109.9
103.0
134.1

109.6
107.1
96.2
123.3
79.8
110.9
107.5
129.6

108.2
106.8
90.5
119.7
82.5
117.7
109.1
117.4

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

3.78
.35
.62
2.81

120.7
114.5
113.3
123.3

122.0
116.7
113.6
124.7

122.8
123.9
114.7
124.7

121.4
118.0
115.5
123.4

121.7
120.8
115.0
123.6

123.3
121.8
116.2
125.3

117.3
98.6
114.6
120.5

122.7
117.9
119.1
124,3

124.1
123.1
119.7
125.4

122.7
126.6
116.0
124.0

121.7
114.8
112.5
124.9

122.4
102.8
111.8
127.5

.20
.09

80.0
80.3

79.5
80.0

79.4
80.3

78.4
80.7

77.3
79.5

79.5
81.0

75.7
76.6

80.9
82.0

81.1
81.7

80.0
82.5

79.0
81.0

79.7
81.1

2.12
.30
.13
.17
.10
1.26

114.1
95.9
77.3
112.6
117.5
118.1

111.8
95.2
78.4
111.8
120.6
114.1

113.1
95.9
77.8
108.2
120.6
116.5

111.7
93.0
73.3
110.9
122.1
114.7

112.1
94.5
77.8
109.8
122.8
115.0

111.4
93.7
73.4

115.1
97.8
81.2
128.6
112.7
117.4

116.4
98.5
81.1
136.8
127.4
116.4

116.5
95.5
74.9
128.9
125.0
118.6

115.7
95.8
76.6
135.4
125.9
116.8

112.3
92.4
73.4
108.4
121.0
116.5

106.7
83.5
56.0

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

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

Leather and products
Shoes

31
314

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

122.7
113.9

1 The IP proportion data are estimates of the industries' relative contributions to overall IP growth in the following year.




13

112.2
114.0

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

Item
Primary metals
Iron and steel
Basic steel and mill products
Basic iron and steel
Pig iron
Raw steel
Steel mill products
Consumer durable steel
Equipment steel
Construction steel
Can and closure steel
Miscellaneous steel
Iron and steel foundries

1996
I
IP
1
SIC Proportion

Index. 1992 = 100
I

Seasonally adjusted

r

r

Not seasonally adjusted

Sept.

Oct/

Nov.

Dec.

July

Aug.

Sept.

Oct/

Nov/

Dec/

118.0
118.0
123.3
106.7
j 105.2
I 113.3

118.3
118.2
120.8
106.1
104.3
113.6

119.5
117.4
119.5
106.2
104.9
112.6

122.1
123.2
126.1
104.4
102.2
111.5

117.4
117.1
116.8
101.9
99.1
108.7

118.5
117.3
117.6
104.3
101.5
112.5

112.5
113.3
118.6
104.2
103.1
108.6

115.7
114.8
117.7
104.0
102.5
109.6

121.0
119.3
121.1
105.4
103.8
111.8

121.7
122.2
124.3
103.9
101.3
111.1

11.7.1
116.7
115.8
103.1
101.5
108.2

115.2
113.7
113.5
104.4
103.1
109.7

1.16
.19
.13
.14
.04
.66
.42

332

Aug.

3.52
1.88
1.46
.30
.17
.09

33
331,2
331

July

| 128.1
•149.0
! 133.8
138.5
123.9
120.6
101.0

125.1
140.4
137.6
137.9
118.1
117.6
109.5

123.4
140.0
131.2
135.0
111.6
117.0
110.4

132.5
146.0
142.2
147.4
125.2
125.6
113.6

121.2
132.3
121.2
145.7
106.2
115.6
117.6

121.5 j
135.8
112.1
137.7 |
86.8
119.7
116.1 !

122.9
116.4
126.4
140.9
121.7
120.7
96.2

121.7
135.5
129.8
138.7
117.8
113.9
105.1

125.7
142.6
131.4
139.8
111.9
118.8
113.0

130.3
146.0
135.8
149.9
110.9
123.2
115.1

119.5
133.3
120.5
146.5
100.9
112.3
119.3

116.2
117.5
108.3
133.8
111.5
114.5
113.9

Nonferrous metals
Primary nonferrous metals
Copper
Aluminum

333-6,9
333 |
3331 I
3334

1.63
.23
.08
• 10

117.9
101.9
i 112.3
88.1

118.5
96.4
99.6
89.0

121.8
100.6
110.4
88.8

120.7
103.1
121.6
89.1

117.7
101.8
108.7
88.8

119.7
100.0
110.3
88.7

111.4
98.4
105.6
88.1

116.8
94.3
100.0
88.3

122.9
100.5
111.2
88.3

121.1
103.8
121.7
88.8

117.4
102.1
110.6
89.0

116.9
99.5
107.7
89.2

Nonferrous products
Nonferrous mill products
Aluminum
Nonferrous foundries

335,6
335
3353-5
336

1.11
.83
.28
.28

119.5
116.8
101.2
128.7

121.1
117.1
104.5
134.4

123.6
120.4
111.1
134.2

121.7
117.6
97.9
135.1

117.5
112.3
95.8
134.7

120.7
116.2
102.9
135.7

112.3
109.6
95.3
121.2

119.9
116.4
103.2
131.5

124.8
121.6
111.4
135.1

121.8
117.7
97.9
135.4

116.4
110.4
87.8
136.1

117.1
110.4
89.5
139.5

Fabricated metal products
34
341
Metal containers
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

5.29
.16
.54
.47
1.47
2.91
1.68

119.1
99.5
115.3
115.7
123.4
120.3
127.9

119.4
92.1
118.0
118.8
123.9
120.1
127.7

119.3
81.2
117.6
118.4
124.4
120.3
127.8

119.3
94.9
118.6
119.1
124.5
119.4
126.9

119.5
99.9
117.1
117.9
125.5
119.0
126.8

119.4
102.8
117.6
117.2
126.4
118.2
125.6

118.1
108.5
117.1
118.8
124.2
117.5
125.6

122.4
110.3
123.6
125.2
126.3
121.0
130.2

123.5
84.9
123.8
125.2
127.4
123.1
132.7

121.3
89.0
119.5
119.7
127.3
120.2
128.5

120.0
89.2
115.7
115.6
128.0
119.0
125.5

119.1
92.3
114.2
112.7
129.3
117.5
121.8

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

9.53
.47
.44
.99
1.10
.84
1.10
.33
.77
2.48
.90
.65
1.20

157.7 159.6 159.4 159.9
112.4 116.7 117.1 118.5
123.7 122.3 118.5 121.8
157.2 153.0 153.2 153.5
123.3 124.8 124.1 124.5
132.5 130.6 130.6 131.3
115.4 115.5 114.5 115.3
116.0 116.4 114.9 113.8
115.2 115.2 114.3 116.0
306.5 310.8 319.0 323.6
128.7 135.6 132.4 123.2
129.6 140.8 136.1 122.2
133.3 138.2 134.7 137.4

161.7
117.9
125.5
153.9
126.3
129.5
114.5
112.8
115.2
328.5
131.3
133.4
137.2

162.9
119.5
131.1
153.5
125.5
131.0
115.8
116.0
115.7
333.4
131.7
134.9
136.6

157.1
110.1
90.7
136.6
129.2
128.3
116.9
111.9
119.1
326.7
123.0
123.5
139.8

162.3
113.3
112.4
142.9
132.9
128.1
120.0
114.5
122.4
331.9
123.6
123.0
147.7

164.8 161.4 157.4 157.1
117.8 118.9 121.2 125.1
118.4 129.0 123.6 114.8
157.2 160.7 154.0 139.0
133.3 124.5 121.8 119.4
130.8 130.5 131.1 135.8
120.5 115.1 112.7 112.6
115.2 112.8 114.5 120.1
122.8 116.2 112.0 109.3
329.6 325.7 316.2 330.5
130.1 122.7 119.4 117.9
132.4 121.5 115.7 113.0
144.2 137.5 132.0 130.2

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

36
361,2
361
363
3631
3632
3633
3634,5,9
3634
3639

8.62
.95
.30
.51
.09
.10
.11
.21
.05
.09

163.8
113.1
105.6
134.9
129.0
121.9
I 182.3
! 123.0
! 117.2
j 134.7

165.6
111.8
104.3
123.7
111.5
116.3
147.8
122.5
107.4
136.0

167.1
112.6
104.7
126.9
122.3
129.0
142.2
122.1
104.9
134.4

169.8
111.5
104.8
135:4
150.7
136.5
148.5
122.9
101.6
137.7

160.3
118.0
110.2
118.6
111.2
122.8
132.0
114.4
112.0
112.3

165.9
119.8
113.9
134.9
137.8
140.1
159.5
120.8
115.3
126.9

169.2
119.9
113.7
135.4
137.2
128.1
160.6
127.1
118.6
140.5

168.0
112.5
106.4
136.0
128.0
128.9
165.9
129.9
117.9
152.0

168.6
109.0
101.0
126.0
128.8
115.7
146.2
120.8
115.2
133.8

170.9
107.1
99.6
120.1
130.1
98.6
132.4
119.9
105.1
134.0

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

365
366
367
3672-9
369
3691

.20
1.65
3.97
3.91
.69
.11

130.8 111.6 110.7 131.6
121.6 120.2 120.8 120.5
252.8 256.9 259.0 260.8
I 258.4 262.6 265.4 266.5
127.0 128.7 128.7 126.7
111.5 116.6 117.0 108.8

123.7
118.9
266.5
272.5
128.3
119.1

112.8 107.9
120.3 119.5
274.4 247.9
281.6 253.7
128.1 121.4
109.8 j 107.2

125.8
119.7
255.8
260.6
128.7
120.5

128.4 151.3
121.2 120.5
260.8 261.7
266.9 266.2
135.7 130.7
153.5 124.7

138.3
121.6
269.9
275.4
131.0
125.6

107.2
126.2
279.9
287.8
133.0
121.6

37
371

8.40
4.78
1.32
1.26
1.19
.71
.48
2.13
.06

109.5
134.1
124.7
151.2
153.0
161.3
145.9
132.3
88.7

109.3
132.8
119.9
143.8
144.6
152.3
138.0
136.7
95.3

107.3
127.0
117.5
138.4
139.1
146.6
132.9
127.3
120.6

105.3
121.2
101.6
139.3
141.0
147.4
136.4
125.3
111.5

109.6
128.8
111.7
143.1
144.3
152.4
137.6
133.2
119.5

110.5 I 87.1
129.3
88.5
105.1
76.9
151.0
93.1
152.8
91.9
164.9
87.5
140.8
97.9
135.0
93.9
113.5
90.2

109.3
134.1
117.5
145.0
146.1
149.4
141.4
141.0
92.5

108.8
130.2
119.2
152.5
153.7
1-61.4
142.9
125.8
116.0

110.4
132.7
115.0
155.4
158.0
164.7
148.6
132.8
123.8

109.1
127.8
113.2
143.2
144.8
150.5
136.8
130.2
100.3

100.2
105.5
85.1
118.5
118.6
125.4
109.0
113.2
89.3

3.62
2.30
.38
.94

85.7
82.9
89.7
90.1

86.5
83.9
89.0
90.7

87.9
86.2
88.1
90.6

89.4
89.1
86.7
89.9

90.6
91.1
87.7
88.6

85.2
82.5
89.1
89.3

87.8
86.1
88.3
90.5

88.6
87.8
86.3
89.8

90.5
90.8
87.2
89.5

93.7
94.6
89.4
91.3

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

I
I

3714 i
3716 !

Aerospace and miscellaneous
transportation equipment
372-6,9
Aircraft and parts
372
Ships and boats
373
Railroad and miscellaneous 374-6,9

164.6
112.7
103.4
136.3
136.5
154.9
156.8
119.7
116.6
128.8

165.2
113.3
104.2
129.6
132.9
117.7
153.9
123.3
111.3
141.7

91.8
92.4
87.0
90.7

84.3
81.6
87.5
88.7

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

Item
Instruments
Scientific and medical
Medical instruments
Misc. manufactures
Consumer goods
Business supplies
Electric utilities
Generation
Fossil fuel
Hydro and nuclear

Seasonally adjusted

Index. 1dfl2a"TOJ

"
Not seasonally adjusted

Julv

Aua.

Sept.

Oct/

Nov/

Dec/

Julv

Aua.

Sept.

Oct/

Nov/

Dec/

38
381-4
384

4.72
3.77
1.45

102.3
99.8
106.6

103.0
100.4
106.8

103.0
100.0
107.0

103.4
100.7
108.8

103.0
99.9
106.8

103.6
100.3
105.0

103.7
101.8
115.8

105.1
103.2
117.0

106.1
103.8
117.6

103.8
101.0
110.3

102.8
99.3
103.7

103.5
100.2
99.4

39
391,3,4,6
395,9

1.29
.62
.67

113.0
108.0
118.0

112.9
107.6
118.3

113.0
107.3
118.6

113.0
106.4
119.6

114.1
107.3
121.0

116.6
110.4
122.8

108.2
100.6
115.8

113.5
107.3
119.8

116.0
110.2
122.0

116.9
110.9
122.9

118.1
112.9
123.4

117.4
111.6
123.3

491,3pt

6.26
2.42
.91
1.50

110.1
109.4
104.1
113.7

111.5
111.2
106.3
115.2

110.9
110.6
108.0
113.2

112.0
111.9
109.5
114.4

112.7
111.1
111.5
111.6

110.0
108.9

124.4
121.4
122.2
121.6

125.1
120.5
124.1
118.8

113.5
108.0
110.4
107.1

103.5
100.1
102.9
98.8

104.4
104.9
105.1
105.4

110.3
110.1

3.84
1.63
2.21
1.31
.89

110.6
112.3
109.4
113.1
104.5

111.8
113.2
110.9
115.8
104.2

111.2
111.5
111.1
114.4
106.7

112.2
112.5
112.0
115.7
107.1

113.8
116.0
112.3
117.3
105.5

110.8

126.4
135.8
119.8
128.6
107.7

128.0
135.2
122.9
131.8
110.8

117.1
117.2
117.1
122.6
109.4

105.6
96.5
112.2
114.6
108.9

104.1
100.2
107.0
109.2
103.9

110.5
107.5

1.78
.79
.35
.47

107.1
103.0
106.2
108.6

108.5
101,5
111.4
112.0

111.8
107.7
113.6
112.3

111.3
108.2
113.4
110.0

114.6

109.3

60.6
33.1
55.7
87.0

60.8
30.4
56.5
89.9

61.0
35.6
58.2
85.1

78.6
61.9
78.1
93.5

117.7

160.2

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

~"

1996
IP
SIC Proportion1

492,3pt

111.1

1. The IP proportion data are estimates ot 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
1995
1996
Q3
Item
1992
Products, total
Final products

Q4

1996
Q1

Q4r

Q3

Q2

Aug.

Sept.

Oct/

Nov/

Dec/

Jan.P

2001.9 2261.3 2213.3 2212.2 2221.1 2259.7 2274.1 2289.8 2272.9 2273.4 2270.7 2298.7 2299.9 2304.9
1552.1

1765.9 1728.6

1725.1

1733.5

1765.9

1776.0 1787.9

1773.6

1771.6

1771.8

1793.0

1798.8 1806.8

Consumer goods
Durable
Automotive products
Other durable goods
Nondurable

1049.6
238.3
123.8
114.4
811.3

1165.9
302.9
157.7
145.2
863.6

1151.8
293.2
153.2
140.0
859.0

1152.7
297.5
155.8
141.7
855.9

1152.7
291.2
149,9
141.4
861.7

1167.4
307.1
160.5
146.6
861.4

1166.7
309.3
163.2
146.1
858.5

1176.3
304.0
157.3
146.7
872.5

1165.5
308.5
162.1
146.4
858.0

1163.0
305.2
160.2
145.0
858.6

1164.7
296.9
151.9
145.0
867.5

1179.6
305.5
159.6
145.9
874.4

1184.6
309.6
160.6
149.1
875.6

1186.8
307.7
163.5
144.3
879.4

Equipment, total
Business and defense
Business
Defense and space

502.5
483.9
399.2
84.7

599.3
574.0
509.0
65.0

576.3
553.2
484.9
68.3

571.8
548.6
483.0
65.6

580.2
555.9
491.5
64.4

597.7
571.3
505.9
65.4

608.6
583.0
517.7
65.4

610.8
585.8
521.2
64.6

607.4
581.4
516.0
65.4

607.8
582.7
517.4
65.3

606.3
580.9
516.0
64.9

612.6
587.5
523.3
64.3

613.4
588.9
524.3
64.7

619.3
593.6
529.7
64.0

449.9
177.2
272.7
70.4

496.0
205.8
289.9
79.9

485.2
195.7
289.3
77.6

487.5
198.0
289.3
78.7

488.1
199.5
288.4
79.6

494.4
205.3
288.9
80.5

498.7
209.6
288.9
79.3

502.5
208.5
293.7
80.2

499.7
210.4
289.1
80.0

502.1
211.2
290.6
80.3

499.3
207.3
291.8
80.4

506.1
211.2
294.7
80.8

501.9
206.9
294.7
79.3

499.2
205.6
293.4
79.5

Intermediate products
Construction supplies
Business supplies
Commercial energy products

Table 8
DIFFUSION INDEXES OF INDUSTRIAL PRODUCTION
Percent
Year
One Month Earlier
1994
1995
1996
Three Months Earlier
1994
1995
1996
Six Months Earlier
1994
1995
1996

Jan.

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.

Oct.

Nov.

Dec.

48.7
55.5
34.3

55.8
47.9
65.3

63.0
50.2
54.0

62.3
43.0
52.8

59.6
47.5
58.1

52.8
50.2
64.9

59.6
52.5
51.7

54.3
58.9
53.6

49.4
55.1
50.6

57.4
44.9
55.1

56.2
47.5
55.7

66.0
47.5
59.8

58.1
64.2
41.1

59.6
58.9
49.8

64.2
49.8
53.6

66.4
43.4
69.1

68.7
43.0
59.2

64.2
47.2
64.0

63.0
48.3
56.6

63.4
52.8
61.1

60.0
58.1
53.2

59.2
52.1
57.0

64.9
48.7
52.7

67.9
45.3
58.0

59.2
62.3
47.5

66.0
63.0
49.4

67.5
64.5
49.4

70.2
55.1
54.0

70.9
50.9
59.6

67.5
44.2
67.2

67.5
44.2
63.8

69.8
46.0
60.8

64.2
50.9
61.1

66.0
47.5
60.4

64.5
50.9
59.8

70.6
53.2
60.2

Note—The diffusion indexes are calculated as the percentage ot 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
1996
July
105.9

Aug.
105.3

Sept.
106.0

Oct.r
106.4

Index. 1992 = 100
^ H T o t seasonallv adius ted
1996
Nov/ Dec.P
Aug.
Sept.
Oct.r
Nov.1"
July
109.2 109.4 107.3 105.0
106.1 106 1 107.0

854.0 106.0
365.8 | 106.5
488.3 105.6
80.1 104.5

105.5
105.6
105.5
102.3

106.2
105.4
106.9
102.1

106.7
105.4
107.7
102.6

106.4
104.8
107.7
101.8

106.3 107.4
104.6 i 106.9
107.7 107.8
102.5 101.0

109.8
108.9
110.5
100.9

109.9
108.6
111.1
101.6

107.7
106.3
108.7
102.3

105.1
103.6
106.4
102.4

104.2
102.5
105.6
105.1

18.6
7.3
6.6

120.0
130.3
118.8

119.2
130.0
119.5

114.0
126.1
109.4

11.8.3
124.4
119.9

111.1
115.2
113.9

109.1
108.4
114.0

119.1
130.0
118.2

119.4
127.6
122.0

114.4
125.1
112.3

119.0
129.3
118.1

113.0
119.6
114.1

111.7
113.0
115.0

12

12.7

99.5

96.6

99.1

96,9

96.9

100.6

82.0

88.6

92.3

93.2

98.9

107.1

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

13
131
132

36.0
31.0
3.6

95.2
96.3
85.0

92.6
92.5
85.6

91.7
91.5
89.5

92.3
92:2
88.3

94.6
93.0
93.8

9416
94.2
93.2

95.9
96.3
87.7

91.8
91.8
84.9

92.0
91.6
89.9

91.7
91.8
87.5

92.5
91.4
91.6

96.6
96.0
95.6

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

14
142
144
147

12.8
3.5
2.7
4.7

108.9
127.4
106.9
103.8

106.5
127.3
107.4
98.8

111.8
130:9
109.7
107.6

109.7
131.5
110.9
102.5

110.8 113.4
133.2 • 143.4
109.0 113.0
104.5 105.1

109.6
133.7
112.0
102.0

109.4
138.5
115.1
98.2

116.1
143.0
117.7
108.9

113.1
144.5
119.1
102.1

114.1
145.9
116.5
104.0

112.2
141.8
111.1
103.8

Foods
Meat products
Dairy products
Canned and frozen food
Grain mill products
Bakery products
Sugar and confectionery
Fats and oils
Beverages
Coffee and miscellaneous

20
201
202
203
204
205
206
207
208
209

58.8
10.3
6.8
8.1
11.4
3.5
4.0
3.9
6.1
4.7

113.1
120.9
108.5
109.8
117.8
109.9
113.6
109.8
100.6
119.0

111.7
121.8
105.2
106.6
117.2
108.7
111.5
103.9
99.3
118.8

112.2
120.6
104.5
110.0
114.3
110.0
111.9
108.6
100.8
121.0

114.3
124.6
107.6
111.7
120.7
111.0
109.6
108.6
103.0
117.0

114.6
124.3
107.0
112.8
123.9
109.0
109.3
108.0
102.0
117.6

115.5
124.5
109.0
112.5
123.8
109.3
113.9
110.2
102.0
119.8

118.7
130.8
120.2
112.0
116.4
119.6
106.2
101.1
112.8
128.9

121.5
133.9
115.6
125.2
119.1
120.9
107.7
102.0
113.4
131.2

123.9
133.1
114.1
135.3
119.6
123.3
110.7
107.0
116.1
134.4

118.8
127.2
107.6
125.3
126.4
114.4
113.2
107.8
106.4
120.6

114.6
121.6
101.6
113.2
127.2
106.0
129.4
111.4
97.2
116.1

111.6
119.2
102.4
104.7 *
121.0
103.0
132.7
117.7
93.5
115.2

21

1,5

100.2

101.2

104.3

99,6

105.1

98.6

103.6

111.0

114.7

105.1

101.9

93.0

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

106.0
100.7
107.3
125.3
100.5
120.8

105.8
99.3
104.2
122.7
109.9
112.9

108.9
102.8
102.6
122.7
107.6
124.6

106.1
98.4
107.7
119.3
105.9
119.8

108.7
101.1
101.7
122.5
113.1
119.9

109.1
100.0
104.3
130.3
115.3
120.4

106.5
101.6
112.1
118.3
100.5
120.0

119.7
112.1
119.5
127.5
126.0
127.1

119.4
112.9
117.0
128.7
118.7
133.3

110.9
102.7
112.3
121.4
111.3
125.2

104.8
97.3
96.6
121.9
108.8
116.7

100.8
92.2
94.5
126.8
105.5
112.9

Apparel products
Men's outerwear
Women's outerwear

23
231,2
233

8.2
2.0
2.5

100.8
89.3
99.9

104.0
94.5
96.6

101.7
93.0
96.2

101.8
93.0
95.4

103.7
96.8
99.9

100.5
92.4
98.2

110.8
100.8
111.1

121.8
115.3
115.5

117.8
111.4
112.2

104.1
95.8
97.9

97.3
88.3
92.4

92.1
82.1
88.7

Lumber and products
Lumber
Millwork and plywood

24
242
243

19.8
7.7
5.6

117.9
109.5
127.9

118.8
110.9
130.9

117.3
108.0
126.3

118.8
108.7
131.5

119.6
108.9
132.2

120.2
111.0
130:5

113.8
103.4
123.4

118.3
107.7
131.4

117.8
106.6
128.0

117.8
107.4
130.9

120.0
111.0
131.7

120.1
111.3
130.2

Furniture and fixtures
Household furniture

25
251

6.0
3.2

112.7
111.3

113.8
114.1

113.7
113.0

114.9
113.3

114.9
113.2

114.5
112.3

110.8
104.8

120.9
119.0

120.4 116.3
118.1. 11.5.4

112.6
111.2

112.6
111.7

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

103.3
89.7
103.6
101.9
112.4
104.3

102.6
89.6
102.8
100.3
109.6
106.7

104.1
84.8
105.5
103.4
111.5
103.5

104.5
95.7
104.4
105.2
111.2
104.4

102.7
99.5
102.0
102.0
110.0
103.6

103.6
95.0
103.7
104.2
109.8
102.7

104.2
88.4
104.1
104.3
114.1
106.6

106.5
90.7
106:6
103.7
116.1
111.5

105.0
85.3
105.6
102.8
115.4
108.5

103.7
92.9
103.4
103.7
112.4
105.1

102.6
101.2
101.9
101.3
109.3
103.2

102.9
97.9
103.2
102.6
107.1
100.3

Printing and publishing
Newspapers
Commercial printing

27
271
275

17.3
3.6
9.2

110.6
105.3
110.7

109.0
103.6
109.0

110.6
104.5
111.4

110.4
103.6
110.6

112.1
102.9
113.6

112.3
105.5
113.1

121.1
115.0
121.7

123.9
114.3
125.1

124.1
115.0
125.4

113.6
104.9
114.3

108.4
99.3
109.9

106.6
101.9
106.5

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

171.7
78.9
14.9
38.3
14.0
24.3

101.1
96.2
87.4
91.7
97.9
88.7

101.4
95.7
87.6
91.8
95.2
90.0

103.3
99.0
82.2
96.8
98.4
96.0

103.8
98.9
85.5
95.9
89.1
99.3

104.5
99.7
78.3
100.9
97.4
102.6

105.0
99.4
74.7
101.9
99.3
103.2

102.4
96.1
87.3
90.1
98.8
85.8

103.3
95.6
88.0
89.0
97.6
84.7

104.5
98.4
80.4
94.0
98.0
92.0

104.4
99.6
86.0
96.8
88.1
101.2

103.0
98.4
76.3
99.3
97.8
100.0

103.9
99.3
75.1
102.8
100.7
103.9

Item
Total

1992
Billion
1987 SIC I KWH
934.1

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

Tobacco products




!

Seasonallvi adjusted

16

Dec.P
104.3

Table 9 (continued)
ELECTRIC POWER USE: MANUFACTURING AND MINING
i
. ; . . . .
1992
Seasonally adjusted

incfex. iaas-iM
1

1987 SIC

Billion
KWH

1&&6
July

Aug.

Sept.

Oct/

Nov.r

Dec.P

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

29.2
18.3
6.7
3.0
39.2
9.7

104.1
112.3
117.6
101.4
105.5
114.1

105.5
114.9
115.9
101.3
107.5
116.0

104.1
114.7
119.7
100.5
106.3
113.8

108.1
121.9
122.4
104.3
105.5
115.8

108.8
116.8
123.8
103.7
106.4
115.9

109.7
118.9
125.6
105.6
107.2
114.3

29

47.0

t06.3

106.5

106.8

110.1

108.8

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

30
301
306
308

38.0
4.3
3.2
28.9

123.2
100.7
109.6
129.9

123.8
105.2
110.3
129.7

123.9
107.1
111.7
129.0

125.4
107.2
112.6
131.0

Leather and products
Shoes

31
314

1.0
.3

96.7
95.1

95.2
95.4

92.0
94.0

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

32
321
322
324
325
327

33.8
1.5
7.3
9.6
1.4
4.7

109.3
103.8
101.7
108.2
115.3
108.4

109.7
100.4
99.3
113.2
115.0
106.5

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

100.1
112.2
103.0
85.9
74.5
118.2

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

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

Electrical machinery
Electrical distribution
Electrical industrial
Household appliances
Lighting and wiring products
TV and radio sets
Communication equipment
Electronic components

Not seasonally adjusted

i$d&

AUQ.

Sept.

Oct.*

Nov/

Dec.P

106.6
114.6
130.3
107.5
105.4
113.7

109.0
118.3
130.1
110.3
110.3
116.4

106.8
116.6
133.6
108.4
109.3
112.9

108.0
120.4
123.7
105.3
107.2
115.2

107.2
114.3
117.8
99.4
105.3
116.3

107.0
116.8
118.1
99.9
106.2
115.3

105.2

1087

110.1

110.1

108.6

107.8

106.8

123.4
102.7
110.7
129.6

123.6
99.6
11.1.7
130.3

124.3
102.6
110.9
130.8

128.6
112.4
115.5
133.8

129.6 127.1
112.7 •107.7
116.8 113.1
134.8 133.2

122J
102.4
108.1
129.1

118.6
92.8
107.7
125.6

94.6
94.6

93.0
90.0

91.2
90.4

97.4
97.2

103.1
108.6

101.3
106.0

94.5
95.9

89.9
87.0

86.7
83.8

110.5
106.6
101.2
111.3
114.4
110.4

110.1
108.0
99.9
110.8
119.8
107.1

108.6
104.1
98.5
109.7
115.2
109.2

108.3
103.1
101.0
108.5
116.8
108.3

110.3
105.4
101.3
112.8
117.0
108.3

113.6
103.2
102.6
119.4
117.2
109.3

113.2
110.0
102.9
115.1
1.17.9
113.1

113.2
108.0
101.8
118.7
119.3
109.3

110.8
103.0
98.6
117.1
115.6
111.1

108.3
102.0
98.5
112.2
116.8
109.3

98.0
111.3
111.7
82.1
69.3
115.6

96.4
108.9
108.6
81.1
69.8
119.4

96.4
106.9
120.0
80.3
67.2
122.9

95.5
103.8
121.1
81.1
69.2
122.7

95.6
106.0
117.6
80.3
67.1
118.5

97.6
106.7
98.2
87.2
76.7
112.8

97.2
110.2
107.2
82.3
68.5
116.3

95.5
107.5
111.1
79.3
67.0
122.6

97.1
107.0
121.6
81.0
67.5
125.3

94.9
103.5
122.9
79.6
67.7
124.2

95.4
104.6
115.4
81.6
68.3
117.3

112.1
105.1
107.2
118.6
112.4
126.2

112.5
106.0
110.1
117.7
112.2
125.1

112.4
107.9
109.8
117.9
114.6
123.9

112.6
107.3
110.4
117.2
115.9
126.1

112.1
112.6
109.3
116.1
116.7
123.9

112.8
116.2
108.7 !
118.3
115.4
120.8

113.2
109.5
110.1
118.7
114.4
122.1

115.9
108.7
116.1
119.2
119.0
126.1

116.9
112.4
116.1
120.9
119.8
128.9

113.3
107.8
111.0
117.2
117.4
127.6

110.6
110.4
107.3
115.5
114.4
123,0

108.8
108.8
104.5
116.3
109.3
118.1

33.2
2.6
2.0
3.8
4.1

107.0
93.0
110.9
111.8
111:2

108.0
98.6
117.4
112.5
112.7

107.8
98.1
110.3
112.5
112.2

107.4
96.3
121.3
109.7
112.6

107.5
96.9
126.4
109.1
114.3

106.1
96.5
122.7
108.2
112.7

111.3
90.3
103.2
116.6
116.7

114.6
100.8
114.3
118.0
120.1

114.7
101.4
111.9
121.2
120.6

107.6
95.8
115.2
110.0
112.7

104.4
96.6
121.5
108.5
110.3

101.7
92.7
119.4
104.3
107.3

52
5.1
3.5

105.7
90.4
122.1

105.6
91.7
113.6

104.7
94.3
115.2

106.2
89.0
114.5

105.4
89.8
114.2

105.4 109.3
85.3 ! 96.5
115.5 127.1

112.2
98.1
123.9

112.5
97.5
124.7

106.4
89.7
116.4

102.5
86.5
111.1

99.6
84.7
107.3

36
361
362
363
364
365
366
367

33.0
1.3
4.0
2.4
3.0
.8
3.3
14.5

116.2
89.8
87.2
106.1
107.5
121.8
114.5
131.3

116.0
87.9
87.7
105.4
109.8
134.4
110.7
131.1

118.8
88.5
88.2
103.6
112.4
136.1
118.7
134.5

117.1
88.6
85.6
104.9
114.4
137.4
114.3
132.5

119.6
88.8
87.8
102.8
113.6
130.7
116.7
137.7

118.8
88.7
85.8 I
104.2
111.7 !
131.6
114.6
137.4

121.4
93.7.
91.0
110.7
109.8
123.9
124.1
137.8

124.4
96.9
91.6
114.9
113.2
144.4
122.5
140.6

127.1
96.7
91.9
111.S
148.0
144.8
130.4
143.6

118.6
90.3
85.6
107.2
115.3
141.2
114.8
133.8

116.3
85.6
85.1
98.1
110.9
129.9
111.6
134.2

114.8
84.3
82.8
94.0
107.1
128.1
111.2
133.7

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

37
371
372
373

39.6
22.8
10.7
2.2

107.0
118.2
87.1
86.5

105.8
117.7
83.4
85.2

107.0
119.4
84.1
85.0

107.6
119.1
84.5
88.0

105.7
117.0
82.6
90.2

104.9
115.9
83:9
88.3

108.4
118.4
90.2
88.2

113.2
126.0
89.4
86.5

113.5
127.4
89.5
86.5

108.4
120.6
85.6
85.3

103.1
114.9
79.7
87.1

100.2
110.5
80.3
87.9

Instruments
Photographic equip. & supplies

38
386

13.7
1.8

102.0
97.4

99.8
89.1

99.4
87.8

100.1
88.2

99.8
87.7

98.7
88.2

109.5
100.9

109.0
96.2

108.5
93.1

101.8
90.2

96.5
84.3

93.7
84.6

39

4.5

129.0

123.2

126.5

129.3

128.9

130.4

134.8

134.1

137.8

131.2

124.4

123.3

909.8
835.3
98.8

106.7
106.3
105.0

106.0
105.6
104.4

106.4
106.3
104.0

106.7
106.5
101.9

106.3
106.4
99.6

106.2
106.5
98.8

107.9
107.1
105.3

110.3
109.5
105.1

110.2
109.9
101.6

107.6
107.6
102.6

105.2
105.3
99.2

104.3
104.3
103.7

Item

Petroleum products

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




17

July

Explanatory Note

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.

The statistical release of Industrial Production and Capacity Utilization reports
measures of output, capacity, and capacity utilization in manufacturing, mining, and
the electric and gas utilities industries. It also includes survey data on the use of
electric power in manufacturing and mining. Data in the release are available on the
Internet at http://www.bog.frb.fed.us/releases/G17, a page on the Board's World
Wide Web site. Data in the release are available on-line on the day of issue through
the Economic Bulletin Board of the Department of Commerce. For information, call
(202) 482-1986. Diskettes containing historical data and the data published in this
release are available from the Board of Governors of the Federal Reserve System,
Publications Services, (202) 452-3245.
Industrial

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

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.

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 of benchmark revisions, the individual IP indexes are
constructed from a variety of source data, such as the quinquennial Censuses of
Manufactures and Mineral Industries and the Annual Survey of Manufactures,
prepared by the Bureau of the Census; the Minerals Yearbook, prepared by the
Department of the Interior; and publications of the Department of Energy. On a
monthly basis, the individual indexes of industrial production are constructed from
two main types of source data: (1) output measured in physical units and (2) data on
inputs to the production process, from which output is inferred. Data on physical
products, such as tons of steel or barrels of oil, are obtained from private trade
associations as well as from government agencies including those listed above; data
of this type are used to estimate monthly IP where possible and appropriate. When
suitable data on physical product are unavailable, estimates of output are based on
either production-worker hours or electric power use by industry. Data on hours
worked by production workers are collected in the monthly establishment survey
conducted by the Bureau of Labor Statistics. The data on electric power use are
described below. The factors used to convert inputs into estimates of production are
based on historical relationships between the inputs and the comprehensive data used
to benchmark the IP indexes; these factors also may be influenced by technological
or cyclical developments. Especially for the first and second estimates for a given
month, the available source data are limited and subject to revision.
Weights. In the index, series that measure the output of an individual industry are
weighted according to their proportion in the total value-added output of all
industries. The industrial production index, which extends back to 1919, is built as an
annually weighted chain-type index since 1977. The components of IP are combined
using estimates of value added per unit of output. For months from January to June,
the weights are drawn from the year containing the month being estimated and the
preceding year; for months from July to December, the weights are drawn from the
current and following year. The IP proportions shown in column 1 of tables 1 A, 2A,
and 6 are 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-l 1 ARIMA
method, developed at Statistics Canada. For series based on production-worker
hours, the current seasonal factors were estimated with data through October 1996;
for other series, the factors were estimated with data through at least June 1996. In
some cases, series were preadjusted for the effects of holidays or the business cycle
before using X - l l ARIMA. For the data since 1977, all seasonally adjusted
aggregate indexes are calculated by aggregating the seasonally adjusted indexes of
the individual series.
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,



Utilization

18

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 powerfortheir own use (cogenerators).
The indexes of power use shown in table 9 are sums of kilowatt hours used by an
industry or industry group expressed as a percentage of that industry's or group's
usage in 1992. The first column of the table shows, for reference, electric power use
in billions of kilowatt hours as reported by manufacturing and mining industries in
the 1992 censuses of those industries. The supplementary group, "Total, less nuclear
nondefense," is shown separately because the value-added proportion for the
nondefense nuclear material series (part of SIC 2819) in total IP is considerably
smaller than its share of total electric power use. Excluding this component from total
power use facilitates comparisons with total IP.
References
The annual revision published in January, including a description of the aggregation
methods for industrial production and capacity utilization, will be described in the
Federal Reserve Bulletin, vol. 83 (February 1997), pp. 67-92. In addition, the most
recent revision to the electric power use data is discussed in that article.
Industrial Production—1986 Edition contains a more detailed description of the
other methods used to compile the industrial production index, plus a history of its
development, a glossary of terms, and a bibliography. To obtain Industrial
Production—1986 Edition ($9.00 per copy), write to Board of Governors of the
Federal Reserve System, Publications Services, Washington; DC 20551. The major
revisions to the IP indexes and capacity utilization since 1990 have been described in
the Federal Reserve Bulletin (April 1990, June 1990, June 1993, March 1994,
January 1995, and January 1996). The basic methodology used to estimate capacity
and utilization is discussed in the June 1990 Federal Reserve Bulletin.

Release Schedule for 1997
At 9:15 a.m. on January 17, February 14, March 14, April 16, May 15, June 17, July
16, August 14, September 16, October 17, November 17, and December 15.

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