Full text of G.17 Industrial Production and Capacity Utilization : February 16, 1996

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FEDERAL RESERVE statistical release
G.17(419)

For release at 9:15 a m . (EST)
February 16,1996

INDUSTRIAL PRODUCTION AND CAPACITY UTILIZATION
Industrial production declined 0.6 percent in January after slight gains in the previous two months. The
output of most major market groups decreased, partly as a result of the blizzard that hit the East Coast early in January.
The production of motor vehicles and parts dropped 4 percent, with a portion of the curtailment occurring during the
week of the storm. The output of business equipment rose 1 percent, boosted by further gains in the production of
computers and a return to a near-normal level of output for aircraft production, which had been sharply curtailed by a
strike at a major aircraft producer from early October to mid-December. The increase in aircraft and parts boosted total
output by 0 1 percent in January. At 121.9 percent of its 1987 average, industrial production was about unchanged from
January 1995. Capacity utilization dropped 0.8 percentage point in January, to 81.9 percent.
Market Groups
The output of consumer goods declined 1..4 percent in January; the drop in motor vehicle assemblies
accounted for about one-third of the decline. In other categories such as goods for the home, production also was weak,
(over)
INDUSTRIAL PRODUCTION AND CAPACITY UTILIZATION: SUMMARY
Seasonally adjusted
Index, 1987=100
1995
1996
1995
Industrial Production
Oct/
Nov/
Dec/
Jan.P
Oct/

Percent chanqe
Nov/

Dec/

1996 Jan. 95 to
Jan.P
Jan. 96

Total index
Previous estimates

122.2
122.3

122.4
122.7

122.6
122.8

121.9

-.5
-.4

.2
.3

.2
.1

-.6

.1

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

118.3
114.9
156.5
108.3
128.1

118.6
115.5
156.8
109.2
128.3

119.0
115.3
158.5
110.6
128.2

118.2
113.6
160.0
109.1
127.6

-.9
-1.0
-1.1
-.1
.0

.3
.6
.2
.8
.1

.3
-.2
1.1
1.3
.0

-.6
-1.4
1.0
-1.4
-.5

-.2
-1.6
4.5
-.6
.4

Major industry groups:
Manufacturing
Durable
Nondurable
Mining
Utilities

124.4
133.5
114.3
98.2
121.6

124.5
134.3
113.8
98.1
123.3

124.7
134.8
113.5
98.0
124.1

124.0
134.2
112.6
97.7
123.0

-.4
-.7
.0
-1.8
-.9

.1
.6
-.5
-.1
1.4

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

-.6
-.5
-.7
-.3
-.9

-.1
1.8
-2.6
-2.9
4.9

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




Average
1967-95

1982
Low

Percent of Capacity
1995
1988-89
1995
Oct/
Jan.
High

Nov/

Dec/

Capacity
growth
1996 Jan. 95 to
Jan. 96
Jan.P

82.1

71.8

84.9

85.1

82.9
83.0

82.8
83.0

82.7
82.8

81.9

3.9

81.4
80.7
82.6
87.4
86.9

70.0
71.4
66.8
80.6
76.2

85.2
83.5
89.0
86.5
92.6

84.6
82.5
89.7
89.8
87.3

82.1
80.5
86.0
87.6
89.8

82.0
80.3
85.9
87.5
90.9

81.8
80.1
85.6
87.4
91.4

81.0
79.3
85.0
87.2
90.6

4,4
4.9
2.9
.1
1.1

exacerbated by the effects of the storm. Apart from the ongoing strength in computers and the bounceback in aircraft, the
output of business equipment declined about 1/2 percent mainly because of the drop in motor vehicles; the production of
industrial equipment remained sluggish, having changed little, on balance, since last August,
With a sharp drop in the production of lumber and plywood, the output of construction supplies fell
1.4 percent. The production of materials declined 0.5 percent. The output of durable goods materials decreased
0.3 percent* with mixed results aimong the major subcategories. The output of parts for consumer durables, mainly motor
vehicles and appliances, fell; the production of parts for equipment, which includes parts for aircraft and components for
high-technology equipment, was about unchanged. However, the output of basic metals rose a£ Jjie production of steel
increased. The production of nondurable goods materials dropped sharply because of continued weakness in the output
of textiles, paper, and chemicals. The production of energy materials also declined; coal mining, which had been
disrupted during the week of the storm, fell about 5 percent.
Industry Groups
Manufacturing output declined 0.6 percent, held down, in part, by the negativeeffects of the blizzard; the
reduction in motor* vehicles and parts production accounted for about half of the overall decline. Among durables, the
production of steel and computers increased sharply, but the output of most other major industries declined. Among
nondurables, production in all major industries fell, with sizable declines occurring in textiles and apparel. Production in
mining fell 0.3 percent, and the output at utilities declined 0.9 percent. Electricity generation declined as demand for the
month as a whole was not as much above normal as it had been in December.
The factory operating rate dropped 0.8 percentage point, to 81.0 percent, its lowest level since November
1993. Utilization rates were down for all manufacturing industries except for petroleum and products. For
advanced-processing industries, the utilization rate fell 0.8 percentage point, to 79.3 percent, and was more than
i percentage point below its 1967-95 average. For primary-processing industries, the rate declined 0.6 percentage point,
to 85.0 percent, but remained more than 2 percentage points above its long-run average. In minmg, the utilization rate
declined 0.2 percentage point, and the operating rate for utilities was down 0.8 percentage point.




2

INDUSTRIAL PRODUCTION AND CAPACITY UTILIZATION
January data

Seasonally adjusted
Industrial production indexes

Twelve-month percent change

Twelve-month percent change

Total industry

-5
-10

_J

I

I

-10

L_

Durable
manufacturing

10

10

5

5
Materials

/)

0

0
-5

-5

Products

-10

_J

1990

1992

-J

L_

1994

1996 1990

l

1992

Total industry

-10

L_

I

1994

1996

Manufacturing

Ratio scale, 1987 production = 100

Ratio scale, 1987 production = 100

Percent of capacity

Percent of capacity

1985




1990

1995

1985

1990

1995

Table 1A
INDUSTRIAL PRODUCTION: MARKET GROUPS
Index, 1987=100
1992
Value
Index
added 1

1995
Aug.

Sept.

Oct/

Nov/

100.0

107.7

122.7

122.8

122.2

60.6
46.3

106.4
108.7

119.2
122.4

119.4
122.6

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

28.6
5.6
2.5
1.6
.9
.7
.9
3.0
.7
.8
1.5
23.0
10.3
2.4
4.5
2.9
2.9
.9
2.1

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

115.9
124.0
130.7
132.0
100.6
188.2
126.6
118.1
135.8
104.4
118.0
113.9
111.8
93.9
132.6
106.7
122.3
108.4
128.2

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

17.7
13.7
5.7
1.4
4.0
2.6
1.2
1.4
3.3
.6
.2

112.5
123.4
137.8
172.6
105.7
135.8
112.9
103.3
84.8
79.9
94.2

14.3
5.3
9.0

99.3
95.2
102.0

Item
Total index
Products, total
Final products

Intermediate p r o d u c t s
Construction supplies
Business supplies

SeasonallvAdiusted

Not seasonally adjusted
Dec/

1996
Jan.P

1995
Aug.

Sept.

Oct/

Nov/

Dec/

1996
Jan.P

122.4

122.6

121.9

125.6

126.0

123.5

121.3

120.7

120.4

118.3
121.3

118.6
121.7

119.0
121.9

118.2
121.2

123.4
126.4

124.0
127.3

120.5
123.6

117.1
120.2

116.5
119.5

116.1
119.3

116.0
125.8
132.9
133.1
102.6
187.7
130.8
119.6
139.4
106.9
117.8
113.7
111.6
93.4
134.0
107.3
119.0
111.4
122.2

114.9
123.4
128.5
128.6
100.2
179.1
126.7
118.9
140.1
105.6
116.9
112.9
111.1
92.9
135.7
106.6
113.1
107.3
115.4'

115.5
124.9
130.5
129.8
100.2
182.8
130.2
120.0
145.3
104.3
117.6
113.3
111.3
91.9
134.3
108.4
116.8
108.2
120.3

115.3
126.4
132.9
132.1
99.5
190.6
133.0
120.7
142.7
107.0
118.6
112.6
110.5
90.9
134.1
106.1
117.6
108.7
121.4

113.6
121.4
126.6
123.4
92.0
179.9
131.4
116.8
131.4
104.9
117.0
111.8
109.7
88.4
133.4
105.9
117.7
109.3
121.2

120.6
122.9
127.0
125.4
93.1
183.8
128.6
119.3
135.5
108.4
118.2
120.1
119.8
98.1
147.0
107.1
118.0
109.1
121.7

121.0
129.7
138.0
138.5
105.6
197.6
135.2
122.4
142.0
110.5
120.2
118.9
119.9
97.9
148.3
107.3
106.2
112.7
103.2

117.3
132.2
141.4
145.1
112.5
203.3
132.1
124.1
149.4
109.6
121.1
113.7
117.3
94.9
136.2
104.6
96.6
108.2
91.4

113.6
124.3
129.3
129.9
100.6
182.1
126.4
120.1
142.4
99.7
122.0
111.0
110.3
91.4
128.3
108.0
111.3
112.1
110.8

112.0
117.0
118.5
114.3
88.8
159.9
125.6
115.6
125.7
100.1
120.2
110.9
104.3
88.3
126.1
106.9
139.1
113.6
150.0

112.9
117.0
120.4
116.0
87.2
167.7
127.8
114.0
128.8
102.7
113.8
112.0
104.4
82.5
124.4
105.3
156.4
106.9
177.8

132.9
157.5
201.0
379.6
129.1
138.0
141.3
122.2
66.1
89.5
155.9

133.1
158.2
203.0
390.0
128.7
137.9
143.3
123.3
65.2
88.3
158.0

131.5
156.5
206.5
402.9
128.6
122.3
135.7
120.9
64.4
83.5
158.9

131.3
156.8
207.7
417.4
129.1
119.7
134.2
121.9
62.8
83.1
161.8

132.4
158.5
210.0
430.8
129.1
124.3
135.3
122.1
62.1
83.8
164.4

133.4
160.0
212.9
441.8
128.7
128.2
128.5
121.6
61.6
85.1
161.1

135.6
161.6
210.6
411.4
132.1
134.2
135.7
123.5
65.0
90.2
169.1

137.4
163.7
211.3
407.1
133.6
140.6
146.6
125.7
65.5
92.6
166.4

133.6
158.8
209.3
411.1
128.8
129.5
149.6
120.3
64.3
92.2
175.9

130.7
154.9
204.3
399.1
128.3
118.5
132.9
120.4
64.0
93.8
157.9

131.5
156.3
209.3
424.8
128.2
114.8
117.4
122.4
64.1
92.9
135.8

129.6
154.5
204.1
414.3
124.7
124.5
123.0
120.0
62.2
86.5
142.6

109.4
107.0
111.0

109.5
108.4
110.3

109.2
108.3
109.9

109.4
109.2
109.7

110.0
110.6
109.8

109.1
109.1
109.2

114.4
110.9
116.8

114.0
112.9
114.8

110.9
111.8
110.4

107.7
107.8
107.9

107.2
105.1
108.8

106.2
102.5
108.7

39.4

109.7

128.1

128.1

128.1

128.3

128.2

127.6

128.8

129.0

128.2

127.9

127.4

127.2

20.8
4.0
7.5
9.2
3.1
8.9
1.1
1.8
3.9
2.1
9.7
6.3
3.3

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

142.3
138.4
167.1
124.9
123.1
118.8
109.2
120.4
123.1
114.6
108.5
101.4
122.8

144.1
139.8
169.1
126.8
127.0
117.8
106.2
117.0
123.3
115.1
105.8
101.2
115.0

143.9
138.6
169.4
126.5
124.3
118.7
107.3
121.4
122.9
114.6
105.5
101.7
113.1

145.2
140.0
170.9
127.6
128.4
116.7
104.8
114.3
122.7
114.1
105.4
100.4
115.3

144.7
139.5
171.5
126.5
126.3
117.1
103.0
115.0
121.9
118.0
105.7
100.3
116.5

144.3
136.9
171.3
126.9
128.5
116.0
100.9
113.3
121.4
116.7
105.0
99.8
115.5

142.3
136.2
166.3
126.6
121.0
119.6
111.2
121.0
122.9
116.7
110.6
101.7
128.8

146.3
142.0
169.9
130.0
128.0
118.8
106.5
117.6
124.2
116.6
104.0
99.5
112.9

145.0
140.7
169.7
127.9
123.8
120.8
109.5
121.2
122.9
122.8
102.0
98.5
108.9

145.0
139.8
171.7
126.7
127.5
116.4
104.1
115.1
122.2
114.0
104.4
100.2
112.7

144.3
137.1
174.9
124.1
124.3
112.2
94.7
111.4
118.7
110.8
107.6
101.8
119.2

141.5
133.2
170.6
122.8
127.3
115.6
101.3
115.5
120.0
115.7
109.3
102.9
122.4

Total e x c l u d i n g :
Autos and trucks
Motor vehicles and parts
Computer and office equipment

97.2
95.2
98.2

107.8
107.7
106.2

122.3
121.7
118.9

122.4
121.8
118.9

121.9
121.3
118.1

122.1
121.5
118.2

122.3
121.7
118.3

121.8
121.2
117.4

125.5
125.0
121.5

125.5
125.0
121.9

122.8
122.2
119.4

121.0
120.4
117.3

120.9
120.2
116.5

120.5
119.9
116.3

Consumer goods excluding:
Autos and trucks
Energy

27.0
25.7

106.7
105.8

114.8
115.1

114.9
115.7

114.0
115.1

114.6
115.4

114.2
115.0

113.0
113.2

120.3
120.9

119.8
122.6

115.5
119.6

112.5
113.9

111.9
109.0

112.7
108.0

B u s i n e s s equipment e x c l u d i n g :
Autos and trucks
Computer and office equipment

12.5
12.2

124.3
115.1

158.9
134.4

159.5
134.3

158.4
131.6

158.9
130.7

160.6
131.4

163.0
132.2

164.0
136.2

165.2
138.8

159.5
133.3

156.9
130.2

160.1
129.6

157.6
128.6

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

29.7

111.9

135.1

136.1

136.2

136.4

136.3

135.6

135.4

137.9

137.6

136.2

134.5

133.6

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

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




Table 1B
INDUSTRIAL PRODUCTION: MARKET GROUPS
Percent change

Item

_

1.994 Q4
to
1995Q4

Seasonally adjusted
annual rate
1995
Q2 . • • - • • , Q 3 . . . Q4r
Q1

Seasonally adjusted
1995
1996
Oct/ Nov/ Dec/ Jan.P

Not seasonally adjusted
i Jan. 95
1995
1996 i t0
Oct/ Nov/ Dec/ Jan.P Jan. 96

1.5

3.9

-1.4

3.2

.2

-.5

.2

.2

-.6

-2.0

-1.8

-.5

-.3

.1

.9
1.2

2.6
3.8

-2.1
-1.5

3.9
4.1

-.8
-1.5

-.9
-1.1

.3
.3

.3
.2

-.6 i -2.9
-.6 | -2.9

-2.8
-2.8

-.6
-.6

-.3
-.1

-.2
-.1

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

.3
-.9
-1.1
-2.3
-6.0
1.9
1.3
-.7
5.3
-3.7
-2.1
.6
-.4
-8.2
5.2
.4
4.8
1.0
6.4

1.2
2.6
8.1
13.3
20.3
5.6
-2.1
-2.5
-1.3
-9.9
1.3
.8
-1.5
-4.8
6.7
-1.8
7.7
7.2
7.9

-2.7
-11.8
-15.1
-20.2
-31.3
-5.5
-3.3
-8.4
-10.4
-8.3
-7.4
-.1
3.4
-10.8
-7.4
1.5
7.4
-.9
11.0

3.8
2.7
1.0
-.6
.0
-1.3
4.6
4.3
14.2
6.8
-1.9
4.1
.5
-9.8
13.6
2.4
16.7
2.6
22.8

-.9
3.8
3.1
1.6
-5.4
9.7
6.3
4.5
21.8
-2.7
.0
-2.2
-3.9
-7.3
9.3
-.6
-10.7
-4.5
-13.0

-1.0
-1.9
-3.3
-3.4
-2.3
-4.6
-3.1
-.5
.5
-1.2
-.7
-.7
-.5
-.6
1.3
-.6
-5.0
-3.6
-5.6

.6
1.2
1.6
1.0
.0
2.0
2.8
.9
3.7
-1.3
.6
.4
.2
-1.1
-1.0
1.7
3.3
.8
4.3

-.2
1.2
1.9
1.7
-.7
4.3
2.2
.6
-1.8
2.6
.9
-.6
-.7
-1.1
-.1
-2.0
.7
.4
.8

-1.4 ! -3.0
-3.1
-4.0
1.9
-5.9
-4.8
2.5
-8.6
-6.6
4.8 -10.5
-7.6
6.6 -10.5
-5.6
2.9 -10.4
-1.2
-2.2
-4.3
-3.2
1.4
-3.3
-7.9
5.2
-4.6
-2.0
-.9
-9.0
-1.3
.7
.8
-.7
-4.4
-2.3
-.7
-2.2
-6.0
-2.7
-3.0
-3.7
-.6
-8.2
-5.8
-.2
-2.5
3.3
.1
-9.0
15.2
.6
-4.0
3.6
-.1 -11.5
21.2

-1.4
-5.9
-8.3
-12.0
-11.8
-12.2
-.6
-3.7
-11.7
.5
-1.5
-.1
-5.5
-3.5
-1.7
-1.0
24.9
1.4
35.4

.8
.0
1.6
1.5
-1.7
4.9
1.8
-1.4
2.4
2.6
-5.3
1.0
.1
-6.6
-1.3
-1.5
12.4
-5.9
18.5

-1.6
-4.5
-5.8
-9.7
-17.4
-.4
2.4
-3.3
-4.7
-1.4
-3.5
-.8
-1.6
-11.2
1.6
-.1
6.1
1.6
8.0

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

2.5
4.6
14.0
36.0
3.4
-14.2
-6.1
-3.4
-9.1
-4.8
13.1

7.9
10.5
15.4
41.3
7.1
8.1
7.8
3.2
-6.3
1.0
14.1

.4
1.6
12.3
35.4
-1.9
-11.1
-17.6
-12.2
-7.8
4.7
1.0

4.5
6.1
12.0
23.9
6.4
-6.6
5.5
-.6
-5.7
-.8
17.2

-2.4
.3
16.2
44.5
2.1
-39.7
-17.0
-3.4
-16.2
-21.7
21.1

-1.2
-1.1
1.7
3.3
.0
-11.3
-5.3
-1.9
-1.3
-5.4
.6

-.1
.2
.6
3.6
.4
-2.2
-1.1
.8
-2.4
-.4
1.8

.8
1.1
1.1
3.2
.0
3.9
.9
.2
-1.2
.8
1.6

.7
1.0
1.4
2.5
-.3
3.1
-5.0
-.4
-.9
1.6
-2.0

-2.7
-3.0
-.9
1.0
-3.6
-7.9
2.1
-4.3
-1.9
-.4
5.7

-2.2
-2.5
-2.4
-2.9
-.4
-8.5
-11.2
.1
-.4
1.8
-10.2

.6
.9
2.4
6.4
-.1
-3.1
-11.6
1.7
.2
-1.0
-14.0

-1.5
-1.1
-2.5
-2.5
-2.7
8.5
4.8
-1.9
-3.0
-6.9
5.0

2.3
4.5
13.6
36.3
1.8
-10.9
-11.8
-4.4
-10.6
-2.9
5.2

-.1
-.2
-.1

-1.1
-.2
-1.7

-4.2
-7.8
-1.8

3.3
1.1
4.7

1.6
6.9
-1.6

-.2
-.1
-.3

.2
.8
-.2

.6
1.3
.1

-.9
-1.4
-.6

-2.7
-1.0
-3.8

-2.8
-3.6
-2.3

-.5
-2.6
.9

-1.0
-2.4
-.1

-.4
-.6
-.3

2.3

5.9

-.3

2.1

1.7

.0

.1

.0

-.5

-.6

-.3

-.4

-.2

.4

5.2
-.2
13.3
.8
.5
-2.7
-7.2
-3.7
-.3
-4.1
-.1
-.6
1.0

8.3
6.6
13.9
4.3
2.8
3.2
2.9
.7
10.2
-7.3
2.7
2.6
2.7

-1.1
-14.4
12.7
-5.9
^.8
-1.0
-8.1
4.2
-.8
-2.1
2.7
1.5
4.9

7.2
2.5
17.5
.3
-.3
-9.2
-18.9
-8.0
-6.5
-10.2
1.0
-3.4
9.5

6.8
6.0
9.3
4.8
4.5
-3.4
-3.4
-11.1
-3.4
4.0
-6.3
-3.2
-11.7

-.2
-.9
.2
-.2
-2.1
.7
1.1
3.8
-.3
-.4
-.3
.4
-1.7

.9
1.0
.9
.9
3.3
-1.7
-2.3
-5.9
-.2
-.4
-.1
-1.2
2.0

-.3
-.4
.3
-.9
-1.7
.4
-1.8
.6
-.6
3.4
.3
-.1
1.0

-.3
-1.8
-.2
.3
1.7
-1.0
-2.1
-1.5
-.4
-1.1
-.7
-.6
-.9

-.9
-.9
-.1
-1.7
-3.3
1.7
2.8
3.1
-1.0
5.3
-2.0
-1.1
-3.6

.0
-.6
1.2
-.9
3.0
-3.6
-4.9
-5.1
-.6
-7.2
2.4
1.8
3.6

-.5
-1.9
1.9
-2.1
-2.5
-3.6
-9.0
-3.2
-2.8
-2.8
3.0
1.6
5.7

-2.0
-2.9
-2.4
-1.0
2.4
3.1
6.9
3.8
1.1
4.4
1.7
1.1
2.7

3.1
-4.1
11.2
-.6
1.4
-5.1
-12.3
-6.2
-3.9
-2.3
-1.1
-2.2
1.0

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

1.6
1.7
.5

3.7
3.6
3.0

-.7
-.3
-2.4

3.2
3.3
2.5

.4
.2
-1.2

-.4
-.4
-.7

.2
.2
.1

.1
.1
.0

-.4
-.4
-.7

-2.2
-2.2
-2.1

-1.5
-1.5
-1.7

-.1
-.1
-.8

-.3
-3
-.2

.4
.6
-1.0

Consumer goods excluding:
Autos and trucks
Energy

.5
-.2

.3
.5

-1.2
-3.8

4.2
2.5

-1.1
.2

-.8
-.5

.5
.3

-.4
-.3

-1.0
-1.6

-3.6
-2.4

-2.5
-4.8

-.6
-4.3

.7
-.9

-1.0
-2.4

5.6
-1.1

10.8
5.6

3.7
-4.1

6.2
2.6

2.0
-8.0

-.7
-2.1

.3
-.6

1.1
.5

1.5 i -3.5
.6 j -3.9

-1.6
-2.4

2.0
-.4

-1.6
-.8

6.1
-1.6

3.0

6.8

-1.1

2.4

4.0

.0

.2

-.1

-.5

-1.0

-1.3

-.7

.8

Total index
Products, total
Final products

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

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

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




-.2

Table 2A
INDUSTRIAL PRODUCTION: INDUSTRY GROUPS
Index. 1987=100
1992
Value
Index
added 1

1995
Aug.

Sept.

Oct/

Nov/

100.0

107.7

122.7

122.8

122.2

85.4

108.2

124.2

124.9

26.6
58.9

104.8
109.7

.116.6
127.8

45.0
2.0
1.4
2.1

109.3
95.2
99.2
95.3

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

3.1
1.7
.1
1.4
5.0

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

Not seasonally adjusted
Dec/

1996
Jan.P

1995
Aug.

Sept.

Oct/

Nov/

Dec/

1996~~
Jan.P

122.4

122.6

121.9

125.6

126.0

123.5

121.3

120.7

120.4

124.4

124.5

124.7

124.0

127.4

129.3

127.0

123.6

121.4

120.1

117.8
128.2

117.0
127.9

117.2
128.0

117.1
128.3

116.4
127.6

118.2
131.8

120.0
133.7

119.1
130.7

116.7
126.9

113.6
125.1

113.9
123.1

133.2
103.7
110.9
103.0

134.4
106.2
112.0
103.8

133.5
105.7
110.9
104.5

134.3
105.6
110.3
104.6

134.8
106.4
109.3
104.0

134.2
104.5
108.0
103.4

134.5
107.7
118.0
106.8

137.8
109.7
117.9
107.0

135.9
111.0
111.9
107.6

133.6
104.2
108.3
104.8

132.6
99.4
107.8
100.0

130.5
100.9
104.2
97.4

101.9
104.7
101.2
98.1
99.0

115.4
117.7
114.2
111.9
114.3

121.0
127.0
118.6
113.2
115.1

115.7
115.1
111.3
115.8
114.0

121.1
126.5
116.4
114.0
114.5

119.3
122.8
118.0
114.5
115.1

121.6
128.0
123.9
113.5
113.8

113.0
114.5
110.6
110.6
116.9

121.7
127.3
117.3
114.4
118.7

115.7
114.8
111.9
116.3
116.1

120.1
125.2
114.8
113.5
114.9

116.0
118.5
112.0
112.4
114.6

121.1
126.2
124.1
114.4
109.5

8.0
1.8
7.2

124.0
172.6
123.5

179.5
379.6
178.7

181.3
390.0
180.8

183.8
402.9
182.4

186.2
417.4
183.6

189.3
430.8
182.8

190.2
441.8
181.3

184.3
411.4
179.6

186.7
407.1
184.3

184.4
411.1
185.3

180.7
399.1
185.3

185.5
424.8
183.9

182.1
414.3
178.7

372-6,9
38
39

9.5
4.8
2.5
4.7
5.4
1.3

104.8
107.4
102.1
102.3
106.3
106.9

114.1
142.1
131.6
87.2
111.4
122.4

114.1
143.3
132.8
85.9
111.3
122.9

109.3
139.7
128.4
80.0
111.4
122.2

108.6
140.7
129.6
77.7
111.2
123.3

110.0
141.2
131.5
80.0
110.8
123.6

108.4
135.5
122.7
82.4
110.7
123.0

111.0
137.3
124.8
85.7
113.7
123.1

116.0
146.8
138.1
86.4
115.1
125.7

113.9
149.5
144.9
79.8
112.1
127.0

108.7
140.3
129.7
78.3
110.8
127.8

105.7
130.7
114.1
81.8
110.8
124.6

106.3
131.2
115.5
82.4
108.3
119.2

20
21
22
23
26

40.5
9.4
1.6
1.8
2.2
3.6

106.7
106.9
95.8
104.0
95.0
110.0

114.3
115.5
91.3
112.4
94.5
118.6

114.4
115.5
90.2
110.5
94.5
118.5

114.3
115.4
88.2
111.1
93.3
119.7

113.8
115.2
89.2
109.3
92.5
116.3

113.5
114.9
86.2
108.3
92.5
117.7

112.6
114.7
83.7
105.7
90.3
116.6

119.6
122.9
97.3
116.3
97.4
119.8

119.8
124.1
94.0
113.9
97.5
118.6

117.1
121.2
98.7
116.4
94.4
122.0

112.6
115.3
87.1
106.6
93.1
115.5

109.1
111.6
70.6
97.4
92.1
112.1

108.7
109.2
82.7
101.3
86.8
118.6

27
28
29
30
31

6.8
9.9
1.4
3.5
.3

98.1
114.4
102.6
116.2
89.0

100.5
124.4
108.5
138.7
80.8

99.8
125.3
110.0
139.8
80.5

98.9
126.7
106.9
139.7
79.7

99.4
125.7
107.5
140.1
78.3

98.9
125.4
108.8
139.2
77.0

98.2
124.7
109.9
138.3
75.6

106.7
131.2
113.6
139.3
82.4

105.6
132.1
114.9
141.3
82.6

99.8
126.9
109.0
141.7
81.0

97.8
122.1
110.2
139.6
79.7

96.8
119.1
109.5
137.7
77.4

93.7
119.7
102.5
136.5
74.0

10
12
13
14

6.9
.5
1.0
4.8
.6

98.9
163.7
108.2
93.2
99.1

100.0
172.1
109.7
92.4
111.6

100.0
170.8
116.2
91.2
113.1

98.2
178.3
112.3
89.2
112.4

98.1
175.7
109.5
89.7
111.7

98.0
174.1
108.5
89.8
112.2

97.7
173.7
103.6
90.5
111.4

100.1
173.0
113.2
91.0
120.0

100.7
173.2
117.9
90.7
121.5

99.7
173.1
114.2
90.4
118.8

100.2
172.9
109.4
92.5
114.2

98.9
171.2
104.9
92.5
106.9

97.4
168.0
105.7
91.8
95.6

491,3pt
492,3pt

7.7
6.1
1.6

111.9
111.7
112.7

128.8
130.0
124.3

122.7
122.7
122.4

121.6
123.7
113.6

123.3
123.6
121.9

124.1
123.8
125.3

123.0
122.5
125.0

130.6
144.7
74.9

114.7
125.8
70.8

108.4
114.6
84.2

117.2
115.0
125.8

135.5
124.5
179.1

147.3
129.6
217.0

80.6
83.7

108.2
106.3

123.1
119.8

123.8
120.3

123.4
119.6

123.6
119.6

123.7
119.6

123.3
118.7

126.9
122.6

128.2
124.5

125.7
122.1

122.6
118.9

120.9
116.4

119.5
115.2

12.0
6.2
5.8
5.5
0.3

12.1
6.3
5.8
5.5
0.3

11.6
6.1
5.5
5.2
0.3

11.7
6.1
5.6
5.3
0.3

11.9
6.1
5.8
5.5
0.3

11.1
5.6
5.5
5.2
0.3

12.1
6.1
6.0
5.7
0.4

12.2
6.3
5.9
5.6
0.3

13.3
7.0
6.3
6.0
0.3

11.9
6.2
5.7
5.4
0.3

10.0
5.2
4.7
4.5
0.2

11.1
5.6
5.5
5.2
0.3

Item

SIC

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

24
25
32

37
371

Nondurable
Foods
Tobacco products
Textile/nill products
Apparel products
Paper and products
Printing and publishing
Chemicals and products
Petroleum products
Rubber and plastics products
Leather and products
Mining
Metalmining
Coal mining
Oil and gas extraction
Stone and earth minerals
Utilities
Electric
Gas

SeasonallvAdiusted

SPECIAL AGGREGATES
Manufacturing e x c l u d i n g :
Motor vehicles and parts
Computer and office equipment
M e m o : Motor vehicle a s s e m b l i e s 2
Total
Autos
Trucks
Light
Heavy and medium

1. Proportion as a share of the value added for the total index.
2. Millions of units at an annual rate.
Note—Primary processing manufacturing includes textile mill products, paper and products, industrial chemicals, synthetic materials, and fertilizers,
petroleum products, rubber and plastics products, lumber and products, primary metals, fabricated metals, and stone, clay, and glass products.
Advanced processing manufacturing includes foods, tobacco products, apparel products, printing and publishing, chemical products and other agricultural
chemicals, leather and products, furniture and fixtures, industrial machinery and equipment, electrical machinery, transportation equipment, instruments,
and miscellaneous manufactures.




Table 2B
INDUSTRIAL PRODUCTION: INDUSTRY GROUPS
Percent change

SIC

item

Seasonally adjusted
1994Q4
annual rate
"~T995~
to
1995Q4
Q2 _ Q 3 _
Q4 r
Q1

Seasonallvadiusted
1996
1995
Oct/
Nov. r
Dec.1" Jan.P

Not seasonally adjusted
Jan. 95
to
1996
1995
r
Dec/
Jan.P I Jan. 96
Qct.
Nov/

Total index

1.5

3.9

-1.4

3.2

.2

-.5

.2

.2

-.6

-2.0

-1.8

-.5

-.3

.1

Manufacturing

1.4

3.9

-2.2

2.6

1.3

-.4

.1

.1

-.6

-1.8

-2.7

-1.8

-1.0

-.1

-1.2
2.5

2.4
4.6

-4.7
-1.1

-2.1
4.8

.0
1.9

-.7
-.3

.2
.1

-.1
.2

-.6
-.6

-.7
-2.2

-2.0
-2.9

-2.7
-1.4

.2
-1.6

-2.5
.9

3.4
-.1
-3.5
.0

6.9
-2.4
-.5
2.3

-2.0
-9.0
-9.6
-4.5

5.2
6.7
.6
-1.8

3.6
5.1
-4.2
4.1

-.7
-.5
-1.0
.6

.6
-.1
-.5
.1

.4
.8
-.9
-.5

-.5
-1.8
-1.2
-.6

-1.4
1.2
-5.0
.6

-1.7
-6.2
-3.3
-2.6

-.8
-4.6
-.5
-4.6

-1.5
1.5
-3.3
-2.6

1.8
-2.4
-5.1
-2.0

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

-1.8
-2.3
.7
-1.1
1.0

1.2
3.4
5.8
-1.6
3.8

-6.8
-10.6
-8.3
-1.8
-4.4

-2.9
-1.9
4.5
-4.1
2.5

1.6
.5
1.6
3.1
2.2

-4.4
-9.4
-6.1
2.3
-.9

4.7
10.0
4.5
-1.6
.4

-1.5
-2.9
1.4
.5
.5

1.9
4.2
5.0
-.9
-1.2

-4.9
-9.9
-4.7
1.6
-2.2

3.8
9.0
2.6
-2.4
-1.1

-3.4
-5.3
-2.5
-1.0
-.2

4.4
6.4
10.8
1.8
-4.5

.1
2.0
7.8
-2.3
-.4

12.3
36.0
11.9

14.8
41.3
11.5

6.1
35.4
8.1

10.7
23.9
17.9

17.9
44.5
10.5

1.4
3.3
.9

1.3
3.6
.6

1.7
3.2
-.4

.5
2.5
-.8

-1.3
1.0
.5

-2.0
-2.9
.0

2.7
6.4
-.8

-1.8
-2.5
-2.8

11.0
36.3
8.8

37
371
372-6,9
38
39

-6.1
-2.6
-2.7
-11.6
.8
.6

5.7
9.7
13.8
-.2
1.8
4.6

-12.9
-18.2
-21.3
-3.9
-.6
-3.1

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

-13.3
-.5
.8
-30.8
.6
2.6

-4.2
-2.5
-3.3
-6.8
.1
-.6

-.6
.7
.9
-2.9
-.2
.8

1.3
.4
1.5
3.0
-.4
.3

-1.4
-4.0
-6.7
3.0
-.1
-.5

-1.8
1.8
4.9
-7.7
-2.6
1.0

-4.6
-6.1
-10.5
-1.8
-1.2
.6

-2.7
-6.9
-12.0
4.4
.0
-2.5

.5
.4
1.2
.7
-2.3
-4.3

-7.9
-8.0
-10.5
-7.9
-.1
-.4

20
21
22
23
26

-1.0
.6
-6.8
-5.5
-8.6
-3.2

.5
1.7
-18.3
1.5
-6.0
-2.4

-2.5
2.4
13.6
-8.8
-11.8
.5

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

-1.5
-.9
-22.2
-4.8
-7.5
-5.1

.0
-.1
-2.2
.5
-1.2
1.0

-.5
-.2
1.0
-1.6
-.9
-2.9

-.3
-.2
-3.4
-.9
.0
1.3

-.7
-.2
-2.9
-2.4
-2.4
-1.0

-2.3
-2.4
5.0
2.2
-3.2
2.9

-3.9
-4.8
-11.7
-8.5
-1.4
-5.3

-3.1
-3.2
-19.0
-8.6
-1.0
-3.0

-.4
-2.1
17.1
4.0
-5.8
5.8

-2.6
-1.0
-5.5
-9.8
-10.3
-3.6

27
28
29
30
31

-1.9
2.1
.3
-.5
-9.1

-4.1
6.4
3.0
3.4
-3.4

-3.9
-4.2
-1.1
-7.2
-13.9

3.5
2.0
4.5
-.6
-10.6

-2.7
4.3
-5.1
2.7
-8.0

-.9
1.1
-2.8
-.1
-.9

.5
-.8
.5
.3
-1.8

-.6
-.2
1.2
-.6
-1.7

-.7
-.6
1.1
-.7
-1.7

-5.5
-3.9
-5.2
.3
-1.9

-1.9
-3.8
1.1
-1.5
-1.5

-1.1
-2.5
-.6
-1.3
-3.0

-3.2
.5
-6.4
-.9
-4.3

-1.9
-1.2
2.1
-2.5
-11.4

10
12
13
14

-2.0
8.2
-3.1
-3.2
2.2

2.1
5.2
5.1
-.1
12.2

.4
1.2
-10.9
3.6
-3.5

-1.8
16.7
9.4
-6.5
3.2

-8.2
10.6
-13.9
-9.5
-2.3

-1.8
4.4
-3.3
-2.2
-.7

-.1
-1.5
-2.5
.6
-.6

-.1
-.9
-1.0
.1
.4

-.3
-.2
-4.5
.7
-.7

-.9
.0
-3.1
-.3
-2.2

.5
-.2
-4.2
2.3
-3.9

-1.2
-1.0
-4.1
.1
-6.4

-1.5
-1.9
.8
-.8
-10.6

-2.9
5.8
-10.7
-2.1
-1.5

491,3pt
492,3pt

5.3
5.1
6.1

5.4
4.2
10.5

8.0
5.3
19.3

14.2
16.0
7.5

-5.4
-4.1
-10.7

-.9
.8
-7.2

1.4
.0
7.3

.6
.1
2.8

-.9
-1.0
-.3

-5.5
-8.9
19.0

8.1
.4
49.3

15.7
8.2
42.4

8.7
4.1
21.2

4.9
3.8
9.4

1.7
.2

3.5
2.9

-1.0
-3.4

2.8
1.9

1.4
-.2

-.3
-.6

.1
.0

.1
.0

-.3
-.7

-2.0
-1.9

-2.4
-2.7

-1.4
-2.1

-1.1
-1.0

.4
-1.4

Primary p r o c e s s i n g
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

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




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

Item

19671995
1995
Proportion _Ave : __

1973
High

19781980
High

1982
Low

19881989
High

19901991
Low

1995
Jan.

1995
Aug.

Sept.

Oct/

Nov/

Dec/

1996
Jan.P

Total i n d u s t r y

100.0

82.1

89.2

87.3

71.8

84.9

78.0

85.1

83.8

83.6

82.9

82.8

82.7

81.9

Manufacturing

87.3

81.4

88.9

87.3

70.0

85.2

76.6

84.6

82.6

82.8

82.1

82.0

81.8

81.0

25.2
62.1

82.6
80.7

92.2
87.5

89.7
86.3

66.8
71.4

89.0
83.5

77.9
76.1

89.7
82.5

86.1
81.2

86.8
81.1

86.0
80.5

85.9
80.3

85.6
80.1

85.0
79.3

48.7
1.8
1.4
2.1

79.4
83.4
81.9
78.0

88.8
90.1
96.8
89.2

86.9
87.6
86.6
87.0

65.0
60.9
68.9
63.1

84.0
93.3
86.8
83.8

73.7
76.1
72.2
71.0

84.4
91.4
85.4
81.5

82.6
87.5
81.7
78.8

83.0
89.4
82.3
79.3

82.0
88.8
81.2
79.7

82.2
88.6
80.6
79.7

82.1
89.1
79.6
79.2

81.4
87.4
78.6
78.6

80.9
80.6
80.3
81.7
73.5
88.6

100.6
105.8
102.7
92.9
92.1
95.7

102.4
110.4
95.7
90.5
80.8
97.6

46.8
38.3
35.2
62.2
42.1
58.6

92.8
95.7
92.7
88.7
85.9
100.4

74.2
72.0
71.5
75.2
73.6
97.3

96.0
96.1
97.3
95.7
86.2
78.9

90.1
88.9
94.9
91.6
83.6
81.2

94.4
95.7
98.4
92.6
76.7
82.2

90.1
86.5
92.3
94.6
85.7
81.6

94.1
95.0
96.3
93.0
86.9
82.6

92.6
92.0
97.5
93.4
82.5
84.0

94.3
95.7

333-6,9
3331
3334

2.9
1.6
.1
1.3
.1
.1

92.5
84.0
84.4

34

5.1

77.8

87.8

83.9

62.9

82.0

71.3

85.1

84.2

84.6

83.7

83.9

84.2

83.1

35
357
36

9.6
3.2
8.7

81.2
80.7
80.8

96.4
90.9
87.8

92.1
93.5
89.4

64.9
63.1
71.1

84.0
84.4
84.9

71.8
64.5
77.0

88.7
84.1
87.9

87.8
86.6
87.7

87.9
87.3
87.8

88.4
88.6
87.6

88.8
90.1
87.2

89.5
91.3
86.0

89.2
91.9
84.4

37
371

75.1
76.2

83.8
93.4

372-6,9
38
39

10.3
5.8
2.9
4.5
5.3
1.5

75.2
81.8
75.5

77.0
89.9
82.9

82.7
93.0
92.2
81.1
92.5
78.7

56.7
44.5
40.1
66.9
79.0
66.1

84.4
85.1
89.1
88.4
81.2
80.1

69.7
56.6
53.3
78.8
76.8
73.0

77.8
85.9
86.8
67.7
78.3
76.1

74.2
80.6
82.1
66.0
78.2
73.7

73.9
80.9
82.7
65.0
78.1
73.8

70.7
78.5
79.8
60.6
78.1
73.1

70.1
78.7
80.3
58.8
77.9
73.5

70.8
78.7
81.3
60.6
77.5
73.5

69.7
75.3
75.8
62.4
77.4
72.9

20
22
23
26
261-3
27

38.7
9.1
1.7
2.1
3.2
1.3
6.4

83.5
82.3
86.2
80.9
89.9
92.5
86.0

87.9
86.0
92.0
84.2
96.9
97.1
89.7

87.0
84.3
91.7
86.0
94.2
98.2
92.2

76.9
78.8
73.8
78.9
82.0
82.1
83.0

86.7
83.3
92.1
84.2
94.8
98.1
92.3

80.3
80.8
78.8
75.0
86.7
90.1
79.0

84.9
83.6
91.0
80.4
92.9
96.3
81.1

82.6
82.4
85.7
75.1
89.6
94.3
80.2

82.4
82.2
84.1
74.9
89.2
91.8
79.5

82.2
82.0
84.3
73.9
90.0
93.7
78.6

81.6
81.7
82.7
73.2
87.1
89.2
78.9

81.3
81.4
81.8
73.2
88.0
89.2
78.2

80.5
81.1
79.7
71.4
87.0
88.0
77.6

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

9.9
.7
.4
1.2
3.5
.2

79.8
86.2
85.2
86.0
84.4
82.2

87.9
102.0
93.8
96.7
94.0
81.3

85.1
90.9
98.5
89.5
90.4
92.4

70.1
63.4
64.4
68.2
73.5
78.1

85.9
97.0
99.7
88.5
90.5
83.8

79.0
74.8
77.6
84.6
78.0
76.0

82.3
100.6
93.2
92.9
93.8
84.4

80.0
85.4
85.5
93.2
87.9
80.4

80.4
88.7
88.2
94.5
88.1
80.2

81.1
89.4
88.5
91.8
87.5
79.5

80.3
90.3
89.0
92.2
87.2
78.2

79.9

79.3

86.6
93.3
86.2
76.9

94.2
85.2
75.7

10
12
13
138
14

5.7
.4
.9
3.9
.6
.5

87.4
78.7
86.9
88.2
72.6
84.6

94.4
90.3
90.8
96.6
93.0
93.7

96.6
87.6
95.7
96.9
104.3
93.3

80.6
43.4
75.4
82.5
50.8
63.3

86.5
87.9
91.4
86.1
60.7
90.0

86.1
80.0
83.4
86.8
53.7
79.4

89.8
85.2
88.2
90.2
71.3
92.9

89.2
88.8
82.9
90.5
73.9
90.0

89.2
88.1
87.7
89.3
73.1
91.0

87.6
91.9
84.7
87.4
69.2
90.1

87.5
90.5
82.6
88.0
69.1
89.4

87.4
89.6
81.7
88.1
69.8
89.6

87.2
89.3
77.9
88.8
71.0
88.7

491,3pt
492,3pt

6.9
5.4
1.5

86.9
89.0
82.5

95.6
99.0
93.2

88.3
88.3
93.6

76.2
78.7
70.8

92.6
94.8
85.5

83.1
86.7
68.3

87.3
89.7
78.8

95.3
98.1
85.4

90.7
92.5
84.0

89.8
93.1
77.9

90.9
93.0
83.6

91.4
93.0
85.9

90.6
92.0
85.6

Primary p r o c e s s i n g
Advanced processing
Durable
Lumber and products
Furniture and fixtures
Stone, clay, and glass products
Primary metals
Iron and steel
Raw steel
Nonferrous
Primary copper
Primary aluminum
Fabricated metal products
Industrial machinery
and equipment
Computer and office equip
Electrical machinery
Transportation equipment
Motor vehicles and parts
Autos and light trucks 1
Aerospace and misc.
Instruments
Miscellaneous
Nondurable
Foods
Textile mill products
Apparel products
Paper and products
Pulp and paper
Printing and publishing

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

24
25
32

33
331,2

1. Series begins in 1977.
Note—Primary processing manufacturing includes textile mill products, paper and products, industrial chemicals, synthetic materials, and fertilizers,
petroleum products, rubber and plastic products, lumber and products, primary metals, fabricated metals, and stone, clay, and glass products.
Advanced processing manufacturing includes foods, tobacco products, apparel products, printing and publishing, chemical products and other agricultural
chemicals, leather and products, furniture and fixtures, industrial machinery and equipment, electrical machinery, transportation equipment, instruments,
and miscellaneous manufactures.




Table 4
INDUSTRIAL CAPACITY: MANUFACTURING, MINING, AND UTILITIES

SIC

Item

Percent change
December to December
Annual rate
1967- 1967- 19751995
1975
1995
1994
Ave.
1991
1992
Ave.
Ave.
1993

Capacity indexes
Percent of 1987 output
1995

1995
Jan.

1995
Aug.

3.9

143.2

146.4

146.9

Sept.

1996
Jan.

Nov.

Dec.

147.3

147.8

148.3

148.8

151.4

152.0

Oct.

Total industry

2.9

3.7

2.5

1.9

2.1

2.1

3.2

Manufacturing

3.3

3.9

3.0

1.9

2.5

2.5

3.6

4.3

146.6

150.3

150.9

152.5

153.0

2.2
3.8

4.0
3.9

1.4
3.8

1.2
2.4

1.4
2.9

1.5
2.9

2.2
4.2

2.9
4.9

133.1
153.2

135.4
157.5

135.7
158.1

136.0
158.8

136.4
159.5

136.7
160.1

137.0
160.8

3.6
1.7
-3.0
1.3

3.7
2.9
4.5
2.5

3.5
1.2
2.3
.8

2.3
-.1
.3
.6

2.5
.7
1.0
.7

3.1
1.2
1.9
.2

4.8
.8
1.9
1.0

5.6
2.0
3.1
1.6

156.1
117.2
133.3
129.5

161.1
118.6
135.8
130.7

161.9
118.8
136.2
130.9

162.7
119.0
136.5
131.1

163.4
119.2
136.9
131.2

164.2
119.4
137.2
131.4

165.0
119.5
137.5
131.6

333-6,9
3331
3334

.0
-.8
-1.2
1.3
.3
1.3

1.7
.7
.3
3.6
1.8
5.2

-.7
-1.4
-1.8
.3
-.4
-.4

-.9
-1.4
-1.7
.1
6.5
.6

-1.2
-2.4
-3.1
.4
7.8
.3

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

2.0
3.1
1.4
.6
-1.2
.0

1.4
1.7
.9
1.1
3.0
.0

126.6
130.5
118.0
121.4
156.3
125.0

128.0
132.5
120.3
122.2
159.2
125.0

128.2
132.7
120.5
122.3
159.6
125.0

128.4
133.0
120.6
122.4
160.0
125.0

128.6
133.2
120.8
122.5
160.5
125.0

128.8
133.5
121.0
122.7
160.9
125.0

129.0
133.6
121.4
122.7
160.9
125.0

34

1.6

3.1

1.0

-.2

.4

1.1

1.9

2.0

134.2

135.8

136.0

136.2

136.5

136.7

136.9

35
357
36

6.6
20.6
5.9

4.7
12.0
6.1

7.5
24.7
5.8

5.2
14.0
4.9

4.0
14.0
6.5

6.0
19.1
7.4

9.0
25.5
9.9

10.2
24.7
13.2

193.3
385.7
189.6

204.5
438.5
203.8

206.2
446.6
206.0

207.9
454.9
208.2

209.7
463.3
210.4

211.5
471.9
212.7

213.3
480.9
214.9

37
371

2.7
3.4

3.0
4.5

2.5
2.9

372-6,9
38
39

1.8
4.8
2.5

1.3
7.6
4.4

2.0
3.7
1.6

1.6
3.1
1.0
-.1
1.2
2.7

2.1
3.8
2.5
.3
1.3
5.0

1.9
4.6
2.7
-.9
.9
3.6

3.5
6.8
6.1
-.2
.9
3.9

2.8
5.2
2.7
-.1
1.0
4.0

151.5
171.4
158.0
132.2
141.6
162.4

153.9
178.4
160.3
132.1
142.4
166.1

154.2
177.2
160.6
132.1
142.5
166.7

154.6
177.9
161.0
132.1
142.6
167.2

155.0
178.7
161.3
132.1
142.7
167.8

155.3
179.5
161.7
132.1
142.9
168.3

155.6
180.0
162.0
132.0
143.0
168.8

20
22
23
26
261-3
27

2.9
2.5
2.2
1.4
2.8
2.4
3.0

4.3
3.0
4.3
2.3
3.9
3.0
3.0

2.2
2.3
1.3
1.0
2.3
2.1
3.0

1.8
1.8
1.5
-.5
2.7
2.9
.6

2.4
2.2
2.6
2.4
2.2
2.2
1.0

1.7
2.1
3.4
2.5
2.2
1.7
-1.0

2.2
2.0
3.1
.9
2.1
1.4
1.8

2.7
2.0
3.1
1,2
2.9
2.6
2.5

136.3
138.6
128.7
125.1
130.2
125.0
123.5

138.4
140.2
131.1
125.9
132.5
126.9
125.3

138.7
140.5
131.4
126.1
132.8
127.2
125.6

139.0
140.7
131.7
126.2
133.1
127.5
125.8

139.4
140.9
132.1
126.3
133.4
127.8
126.1

139.7
141.2
132.4
126.4
133.8
128.0
126.4

140.0
141.4
132.7
126.5
134.1
128.3
126.6

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

3.8
6.5
4.2
1.5
5.6
-3.2

6.8
12.7
9.7
4.2
8.6
-1.5

2.5
3.8
1.8
.3
4.3
-4.0

3.2
1.0
1.5
-1.0
3.5
-4.4

4.1
1.1
5.0
-1.3
4.2
-2.6

2.5
.4
1.5
-.5
4.1
-2.2

2.2
3.3
3.6
.3
4.7
-2.6

2.5
5.0
3.5
.6
7.5
-1.3

153.4
131.6
133.8
116.0
151.1
101.2

155.6
135.4
136.5
116.4
157.7
100.5

155.9
136.0
136.9
116.5
158.7
100.4

156.2
136.6
137.3
116.5
159.6
100.3

156.6
137.1
137.7
116.6
160.6
100.2

156.9
137.7
138.0
116.6
161.6
100.1

157.2
138.2
138.4
116.7
162.4
99.9

10
12
13
138
14

.0
1.3
2.4
-.5
.3
1.0

-.1
.7
2.5
-1.0
.8
2.6

.1
1.6
2.4
-.4
.1
.3

-.2
2.0
2.1
-.9
-5.5
-.5

-1.2
2.5
.9
-2.3
-8.2
.6

-.9
1.6
1.1
-1.9
-6.2
.9

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

.1
.8
1.1
-.6
-2.4
3.1

112.0
192.7
131.5
102.5
122.9
121.8

112.0
193.8
132.3
102.1
121.1
124.0

112.1
193.9
132.4
102.1
120.9
124.3

112.1
194.0
132.6
102.0
120.6
124.6

112.1
194.2
132.7
101.9
120.4
125.0

112.1
194.3
132.8
101.9
120.1
125.3

112.1
194.5
132.9
101.8
119.9
125.5

491,3pt
492,3pt

•2.8
3.9
.3

6.0
7.8
2.3

1.4
2.2
-.6

1.2
1.6
.0

1.2
1.5
.0

.5
.6
.2

.5
.4
.5

1.1
1.2
.7

134.3
131.6
145.0

135.2
132.5
145.6

135.3
132.7
145.7

135.4
132.8
145.8

135.6
133.0
145.9

135.7
133.1
146.0

135.8
133.2
146.1

Primary processing
Advanced processing
Durable
Lumber and products
Furniture and fixtures
Stone, clay, and glass products
Primary metals
Iron and steel
Raw steel
Nonferrous
Primary copper
Primary aluminum
Fabricated metal products
Industrial machinery
and equipment
Computer and office equip
Electrical machinery
Transportation equipment
Motor vehicles and parts
Autos and light trucks 1
Aerospace and misc.
Instruments
Miscellaneous
Nondurable
Foods
Textile mill products
Apparel products
Paper and products
Pulp and paper
Printing and publishing

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

1. Series begins in 1977.




24
25
32

33
331,2

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

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.

Oct.

Nov.

Dec.

Q1

Q2

Q3

Q4

Annual

Industrial
Production,
Percent
Change1
1984
1985
1986
1987
1988

2.0
.4
.5
-.3
.3

-.1
.7
-.7
1.4
.2

1.0
.3
-.9
.4
.0

.6
.4
.2
.5
.8

.7
.2
.0
.6
-.3

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

.4
-.3
.5
.4
.6

.1
.5
.2
.3
.6

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

-.7
-.8
.7
1.3
.3

.0
.4
.7
.1
.6

-.6
1.0
.6
.7
.6

11.2
2.4
2.4
5.5
3.8

7.7
3.8
-3.4
8.1
3.0

4.0
.1
1.3
5.2
2.9

-3.4
1.2
5.8
6.5
3.0

9.3
1.7
.9
4.9
4.4

1989
1990
1991
1992
1993

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

-.5
.5
-1.0
.6
.4

.9
.3
-.8
.9
.0

.0
-.7
.3
.7
.2

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

-.3
.2
1.1
-.3
.2

-1.0
-.2
.2
.8
.6

.5
.3
.3
-.2
.0

-.4
.0
.8
.2
.7

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

.4
-1.3
-.1
.6
.7

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

3.9
2.1
-8.4
.8
3.7

.3
1.1
1.1
7.0
.5

-^.4
1.6
6.7
3.1
3.2

-.2
-5.2
2.0
4.9
5.5

1.5
.0
-1.8
3.4
3.5

1994
1995
1996

.4
.3
-.6

.8
-.1

.8
.1

.3
-.4

.5
.0

.5
.1

.2
1

.5
1.0

.7
-.5

.5
.2

.8
.2

8.4
3.9

7.0
-1.4

4.6
3.2

6.4
.2

5.9
3.2

industrial
Production
1984
1985
1986
1987
1988

91.0
93.1
96.1
96.5
103.2

90.9
93.8
95.5
97.9
103.4

91.9
94.1
94.6
98.2
103.4

92.4
94.5
94.8
98.8
104.3

93.0
94.7
94.7
99.4
104.0

93.5
94.4
94.3
100.3
104.0

93.9
94.1
94.8
100.6
104.6

94.0
94.5
94.9
100.9
105.2

93.9
95.0
95.0
100.7
104.7

93.2
94.2
95.6
102.1
105.0

93.3
94.6
96.3
102.2
105.6

92.8
95.6
96.8
102.8
106.3

91.3
93.6
95.4
97.5
103.3

93.0
94.5
94.6
99.5
104.1

93.9
94.6
94.9
100.8
104.8

93.1
94.8
96.2
102.3
105.6

92.8
94.4
95.3
100.0
104.4

1989
1990
1991
1992
1993

106.6
105.5
104.0
105.0
110.4

106.2
106.1
102.9
105.6
110.8

107.1
106.4
102.1
106.5
110.8

107.1
105.7
102.4
107.3
111.1

106.7
106.5
103.2
107.8
110.6

106.4
106.7
104.3
107.5
110.8

105.3
106.5
104.5
108.4
111.4

105.8
106.8
104.8
108.2
111.4

105.4
106.8
105.7
108.4
112.2

105.0
106.3
105.8
109.2
112.3

105.4
105.0
105.6
109.8
113.1

106.1
104.5
105.1
110.0
114.1

106.6
106.0
103.0
105.7
110.7

106.7
106.3
103.3
107.5
110.8

105.5
106.7
105.0
108.3
111.7

105.5
105.3
105.5
109.7
113.2

106.0
106.0
104.2
107.7
111.5

1994
1995
1996

114.6
121.8
121.9

115.5
121.7

116.4
121.9

116.8
121.4

117.5
121.3

118.1
121.4

118.4
121.5

118.9
122.7

119.1
122.8

119.9
122.2

120.5
122.4

121.5
122.6

115.5
121.8

117.5
121.4

118.8
122.3

120.6
122.4

118.1
121.9

Capacity
1984
1985
1986
1987
1988

113.3
116.0
119.2
121.6
123.9

113.5
116.2
119.4
121.8
124.1

113.7
116.5
119.6
122.0
124.2

113.9
116.8
119.8
122.2
124.4

114.2
117.1
120.0
122.4
124.5

114.4
117.3
120.2
122.6
124.7

114.6
117.6
120.4
122.8
124.8

114.8
117.9
120.6
123.0
125.0

115.0
118.2
120.8
123.2
125.1

115.3
118.4
121.0
123.4
125.3

115.5
118.7
121.2
123.6
125.4

115.7
119.0
121.4
123.8
125.5

113.5
116.2
119.4
121.8
124.1

114.2
117.1
120.0
122.4
124.5

114.8
117.9
120.6
123.0
125.0

115.5
118.7
121.2
123.6
125.4

114.5
117.5
120.3
122.7
124.7

1989
1990
1991
1992
1993

125.7
128.1
130.5
132.9
135.8

125.9
128.3
130.7
133.2
136.0

126.1
128.5
130.9
133.4
136.3

126.3
128.7
131.1
133.6
136.5

126.5
128.9
131.3
133.9
136.7

126.7
129.1
131.5
134.1
137.0

126.9
129.3
131.7
134.3
137.2

127.1
129.5
131.9
134.6
137.5

127.3
129.7
132.1
134.8
137.7

127.5
129.9
132.3
135.1
137.9

127.7
130.1
132.5
135.3
138.2

127.9
130.3
132.7
135.5
138.4

125.9
128.3
130.7
133.2
136.0

126.5
128.9
131.3
133.9
136.7

127.1
129.5
131.9
134.6
137.5

127.7
130.1
132.5
135.3
138.2

126.8
129.2
131.6
134.2
137.1

1994
1995
1996

138.7
143.2
148.8

139.1
143.6

139.5
144.1

139.8
144.5

140.2
145.0

140.5
145.5

140.9
145.9

141.3
146.4

141.7
146.9

142.0
147.3

142.4
147.8

142.8
148.3

139.1
143.7

140.2
145.0

141.3
146.4

142.4
147.8

140.8
145.7

80.4
80.3
80.6
79.3
83.2

80.1
80.7
79.9
80.3
83.3

80.8
80.7
79.1
80.5
83.2

81.1
80.9
79.1
80.8
83.8

81.5
80.9
78.9
81.2
83.5

81.8
80.5
78.4
81.8
83.4

81.9
80.0
78.7
81.9
83.8

81.8
80.2
78.7
82.0
84.2

81.6
80.4
78.7
81.8
83.7

80.9
79.6
79.1
82.7
83.8

80.8
79.7
79.4
82.7
84.2

80.2
80.4
79.8
83.1
84.6

80.4
80.6
79.9
80.1
83.3

81.4
80.7
78.8
81.3
83.6

81.8
80.2
78.7
81.9
83.9

80.6
79.9
79.4
82.8
84.2

81.1
80.3
79.2
81.5
83.7

1989
1990
1991
1992
1993

84.8
82.4
79.7
78.9
81.3

84.3
82.7
78.7
79.3
81.5

84.9
82.8
78.0
79.9
81.4

84.8
82.1
78.1
80.3
81.4

84.3
82.6
78.6
80.5
80.9

83.9
82.6
79.3
80.2
80.9

83.0
82.4
79.4
80.7
81.2

83.3
82.5
79.4
80.4
81.1

82.8
82.4
80.0
80.4
81.5

82.3
81.8
79.9
80.8
81.4

82.5
80.7
79.7
81.2
81.8

82.9
80.2
79.2
81.2
82.4

84.7
82.6
78.8
79.4
81.4

84.3
82.5
78.7
80.3
81.0

83.0
82.4
79.6
80.5
81.2

82.6
80.9
79.6
81.0
81.9

83.7
82.1
79.2
80.3
81.4

1994
1995
1996

82.6
85.1
81.9

83.0
84.7

83.5
84.6

83.6
84.0

83.8
83.7

84.0
83.5

84.0
83.3

84.2
83.8

84.0
83.6

84.4
82.9

84.6
82.8

85.1 I
82.7

83.0
84.8

83.8
83.7

84.1
83.6

84.7
82.8

83.9
83.7

Year

Utilization
1984
1985
1986
1987
1988

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




10

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

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.

Oct.

Nov.

Industrial
Production,
Percent
Change1
1984
1985
1986
1987
1988

2.3
.1
1.3
-.6
.2

.6
.6
-.4
1.7
.1

.9
.7
-1.0
.5
.2

.4
.3
.9
.4
.7

.5
.6
.0
.7
-.1

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

.4
-.2
.6
.4
.5

.2
.8
.5
.0
.4

-.1
.2
.3
.2
.0

.0
-.7
.7
t.O
.1

.0
1.3
.5
.4
.9

1989
1990
1991
1992
1993

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

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

.6
.4
-.9
.9
.0

.2
-.9
.3
.6
.4

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

-.2
.0
1.3
.0
.0

-1.2
-.3
.3
.8
.6

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

-.4
-.1
1.0
.1
.9

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

1994
1995
1996

.2
.3
-.6

.9
-.2

1.0
.1

.6
-.4

.6
-.3

.3

.4
.0

.6
.7

.2
.6

Industrial
Production
1984
1985
1986
1987
1988

87.1
89.9
94.0
96.2
103.2

87.6
90.4
93.6
97.8
103.4

88.3
91.1
92.7
98.3
103.6

88.7
91.4
93.5
98.7
104.3

89.1
92.0
93.6
99.4
104.2

89.7
91.5
93.3
100.3
104.2

90.1
91.3
93.9
100.7
104.7

90.3
92.0
94.4
100.7
105.1

1989
1990
1991
1992
1993

107.7
105.5
103.4
105.1
111.2

106.7
106.5
102.5
105.9
111.5

107.3
107.0
101.5
106.9
111.5

107.6
106.0
101.8
107.6
112.0

107.1
106.6
102.5
108.2
111.6

106.8
106.6
103.8
108.1
111.6

105.5
106.3
104.2
109.0
112.3

1994
1995
1996

115.5
124.1
124.0

116.6
123.9

117.8
124.0

118.5
123.5

119.1
123.2

119.5
123.3

Capacity
1984
1985
1986
1987
1988

109.4
113.1
117.6
121.2
124.1

109.7
113.4
117.9
121.5
124.3

110.0
113.8
118.2
121.7
124.5

110.3
114.2
118.5
121.9
124.7

110.6
114.6
118.8
122.2
124.9

1989
1990
1991
1992
1993

126.5
129.4
132.0
134.6
138.0

126.7
129.6
132.2
134.9
138.2

127.0
129.8
132.5
135.2
138.5

127.2
130.1
132.7
135.5
138.8

1994
1995
1996

141.5
146.6
153.0

141.9
147.2

142.3
147.7

79.6
79.5
80.0
79.3
83.2

79.9
79.7
79.4
80.5
83.1

1989
1990
1991
1992
1993

85.2
81.6
78.3
78.1
80.6

1994
1995
1996

81.7
84.6
81.0

Year

Utilization
1984
1985
1986
1987
1988

Q1

Q2

Q3

Q4

-.4
13.3
1.7
.1 |
4.6
1.0
6.3
.6
3.6
.6

6.9
5.1
.1
8.6
3.3

4.7
1.0
3.5
5.6
3.0

-.3 I
2.4 I
7.2
6.8
4.4 |

10.4
2.6
2.9
6.0
4.7

.3
-1.2
-.2
.6
.8

.2
-.5
-.4
.0
1.1

4.3
3.7
-9.8
2.3
4.6

-.3
.2
1.0
7.6
1.2

-5.3
1.0
8.1
3.8
3.0

-1.3 i
-5.5
2.5
4.3
6.0

1.6
-.3
-2.1
4.2
3.9

.9
-.4

.6
.1

.9
.1

8.9
3.9

8.5
-2.2

5.1
2.6

7.9
1.3

6.6
3.4

90.2
92.3
94.6
100.9
105.2

90.2
91.6
95.3
102.0
105.3

90.2
92.8
95.8
102.4
106.2

89.8
92.8
96.7
103.0
106.8

87.7
90.5
93.5
97.4
103.4

89.2
91.6
93.5
99.4
104.2

90.2
91.9
94.3
100.8
105.0

90.1
92.4
95.9
102.5
106.1

89.3
91.6
94.3
100.0
104.7

106.0
106.9
104.5
108.9
112.2

105.6
106.8
105.6
109.0
113.2

105.1
106.2
105.7
109.7
113.2

105.4
104.9
105.5
110.4
114.1

105.6
104.4
105.1
110.3
115.3

107.2
106.3
102.5
106.0
111.4

107.2
106.4
102.7
108.0
111.7

105.7
106.6
104.8
109.0
112.5

105.4
105.1
105.4
110.1
114.2

106.4
106.1
103.8
108.2
112.3

120.0
123.3

120.7
124.2

120.9
124.9

122.0
124.4

122.7
124.5

123.8
124.7

116.6
124.0

119.0
123.3

120.5
124.1

122.8
124.5

119.7
123.9

110.9
115.0
119.1
122.4
125.1

111.2
115.3
119.3
122.7
125.3

111.5
115.7
119.6
122.9
125.5

111.8
116.1
119.9
123.2
125.7

112.1
116.5
120.2
123.4
125.9

112.4
116.9
120.5
123.7
126.0

112.7
117.2
120.8
123.9
126.2

109.7
113.4
117.9
121.5
124.3

110.6
114.6
118.8
122.2
124.9

111.5
115.7
119.6
122.9
125.5

112.4
116.9
120.5
123.7
126.0

111.1
115.2
119.2
122.6
125.2

127.4
130.3
132.9
135.7
139.1

127.7
130.5
133.1
136.0
139.4

127.9
130.7
133.3
136.3
139.7

128.2
130.9
133.5
136.6
139.9

128.4
131.2
133.7
136.8
140.2

128.7
131.4
133.9
137.1
140.5

128.9
131.6
134.2
137.4
140.8

129.2
131.8
134.4
137.7
141.1

126.7
129.6
132.2
134.9
138.2

127.4
130.3
132.9
135.7
139.1

128.2
130.9
133.5
136.6
139.9

128.9
131.6
134.2
137.4
140.8

127.8
130.6
133.2
136.1
139.5

142.7
148.2

143.1
148.7

143.6
149.2

144.0
149.8

144.4
150.3

144.9
150.9

145.3
151.4

145.7
152.0

146.2
152.5

141.9
147.2

143.1
148.7

144.4
150.3

145.7
152.0

143.8
149.5

80.3
80.0
78.5
80.7
83.2

80.4
80.0
79.0
80.9
83.6

80.6
80.3
78.8
81.3
83.4

80.9
79.6
78.4
81.9
83.3

81.0
79.2
78.7
82.1
83.6

80.9
79.5
78.9
81.9
83.8

80.7
79.5
78.9
81.9
83.7

80.5
78.6
79.3
82.6
83.7

80.3
79.4
79.5
82.8
84.3

79.7
79.2
80.0
83.1
84.6

79.9
79.8
79.3
80.2
83.2

80.6
80.0
78.7
81.4
83.5

80.9
79.4
78.8
82.0
83.7

80.2
79.1
79.6
82.8
84.2

80.4
79.5
79.1
81.6
83.6

84.2
82.2
77.5
78.5
80.6

84.6
82.4
76.6
79.1
80.5

84.6
81.5
76.8
79.4
80.7

84.0
81.8
77.2
79.7
80.2

83.7
81.7
78.0
79.5
80.0

82.5
81.3
78.2
80.0
80.4

82.7
81.6
78.3
79.8
80.2

82.2
81.4
78.9
79.7
80.7

81.7
80.8
78.9
80.0
80.6

81.8
79.7
78.6
80.3
81.0

81.8
79.2
78.2 i
80.1
81.7

84.6
82.0
77.5
78.6
80.6

84.1
81.7
77.3
79.6
80.3

82.5
81.4
78.5
79.8
80.4

81.7
79.9
78.6
80.2
81.1

83.2
81.3
78.0
79.5
80.6

82.2
84.2

82.8
84.0

83.0
83.3

83.2
82.8

83.2
82.6

83.3
82.3

83.6
82.6

83.5
82.8

83.9
82.1

84.2
82.0

84.7
81.8

82.2
84.3

83.2
82.9

83.4
82.6

84.3
82.0

83.3
82.9

•*

Dec.

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




11

Annual

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

Item

_

Primary metals
iron and steel
Basic steel and mil! products
Basic iron and steel
Pig iron
Raw steel

SIC
33
331,2
331

_ - _ _ ~ _ _ ^ ,1987=100
~
"""
Seasonalivadiusted
Not seasonalivadiusted
M995~
Nov/
Dec/
July
Aug,
Aug. Sept.
Oct/
Sept.
Oct/
Nov/

"~~~

1992
Value
Index
added 1

1995
July

3.11
1.74
1.33
.30
.18
.09

101.9
104.7
106.9
102.4
106.9
101.2

118.3
119.3
121.1
109.2
112.7
111.5

115.4
117.7
118.5
112.0
117.1
114.2

121.0
127.0
130.8
115.6
121.5
118.6

115.7
115.1
114.5
109.8
114.7
111.3

121.1
126.5
130.9
113.5
118.5
116.4

119.3
122.8
125.3
111.8
114.3
118.0

113.7
116.1
118.5
107.8
111.5
108.6

113.0
114.5
115.8
109.3
114.2
110.6

121.7
127.3
130.5
113.9
119.0
117.3

115.7
114.8
113.6
109.7
114.2
111.9

120.1
125.2
128.0
113.3
119.3
114.8

116.0
118.5
120.7
110.7
116.0
112.0

108.4
98.0
93.5
108.8
93.4
116.3
97.5

124.9
118.5
111.2
139.6
89.3
130.4
112.8

120.5
116.9
104.0
127.0
90.9
127.0
114.7

135.5
125.4
119.0
143.0
105.3
143.9
115.1

116.0
108.9
97.0
123.1
88.3
123.7
115.6

136.4
123.2
113.0
141.2
89.6
149.2
113.3

129.6
114.4
114.4
147.6
103.0
136.9
114.0

121.9
93.4
106.0
144.3
91.9
132.8
108.3

117.8
110.8
98.8
129.8
91.0
124.5
110.0

135.6
124.3
116.9
147.1
100.9
144.5
117.2

114.8
109.4
95.0
127.9
77.3
122.0
117.4

132.6
121.8
110.9
142.0
85.8
143.5
115.8

123.8
101.0
108.5
140.5
125.7
131.0
111.3

Dec/

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

332

1.03
.16
.11
.11
.05
.60
.41

Nonferrous metals
Primary nonferrous metals
Copper
Aluminum

333-6,9
333
3331
3334

1.37
.20
.06
.10

98.1
117.2
125.0
120.5

116.5
118.8
130.9
101.2

111.9
119.0
133.1
101.5

113.2
114.9
122.5
102.7

115.8
119.0
137.2
102.0

114.0
119.2
139.4
103.3

114.5
118.9
132.7
105.0

110.2
113.8
123.7
101.2

110.6
115.0
133.8
100.8

114.4
115.4
125.8
101.9

116.3
119.6
135.8
101.9

113.5
119.2
140.8
103.5

112.4
118.4
130.9
105.2

Nonferrous products
Nonferrous mil! products
Aluminum
Nonferrous foundries

335,6
335
3353-5
336

.97
.73
.28
.23

89.6
89.0
89.2
91.6

109.5
108.2
102.0
113.4

105.0
100.9
87.0
118.2

106.1
101.9
89.4
119.7

109.4
106.3
99.7
119.2

106.4
101.3
82.3
122.9

106.9
102.1
88.8
122.4

103.0
101.5
95.3
107.7

104.4
100.7
87.5
116.1

107.3
103.3
90.1
120.3

109.7
106.4
99.6
120.1

105.6
100.0
77.4
123.4

104.7
98.4
78.3
125.3

34
Fabricated meta! p r o d u c t s
341
Metal containers
342
Hardware, toois, and cutlery
Hardware and tools
3423,5,9
344
Structural meta! products
Other fabricated metal products 345-9
345-7
Fasteners, stampings, etc.

5.03
.22
.54
.48
1.28
2.80
1.56

99.0
108.8
94.8
92.8
94.8
101.5
104.5

112.4
100.5
104.9
101.3
109.8
116.6
123.9

114.3
108.2
106.0
102.5
110.9
118.5
126.9

115.1
101.3
107.1
103.5
111.6
120.2
129.5

114.0
107.5
106.6
102.8
110.9
118.5
126.9

114.5
104.9
107.4
103.4
112.1
118.9
128.0

115.1
104.4
108.5
105.0
112.8
119.1
128.4

111.7
111.1
105.8
103.2
110.8
114.3
122.8

116.9
128.8
110.7
107.6
113.3
118.8
128.4

118.7
108.0
112.4
109.1
114.6
122.1
133.0

116.1
100.3
108.8
105.1
113.6
119.4
128.7

114.9
94.1
106.7
102.2
114.3
118.7
126.5

114.6
92.0
106.4
102.2
115.2
118.2
124.2

Industrial machinery
and e q u i p m e n t
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

7.96
.46
.44
.76
.99
.69
1.07
.31
.75
1.75
.81
.56
.98

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

176.0
113.0
138.3
124.1
132.5
140.1
120.8
107.6
127.1
371.7
127.1
117.8
129.7

179.5
118.6
138.5
126.5
134.7
141.2
123.4
108.7
130.4
379.6
131.6
123.4
131.7

181.3
114.4
139.9
126.5
135.3
141.8
121.3
108.2
127.6
390.0
136.0
128.9
131.9

183.8
112.8
137.4
127.6
133.9
141.5
122.0
108.8
128.4
402.9
139.3
133.5
133.9

186.2
111.8
138.2
131.1
135.4
142.4
120.6
109.1
126.1
417.4
137.9
130.7
133.0

189.3
112.1
139.0
130.3
135.7
141.0
120.4
108.2
126.2
430.8
147.5
142.0
132.7

179.6
111.2
127.7
122.8
138.9
135.7
122.8
103.8
131.9
394.3
123.0
114.3
135.6

184.3
114.9
127.3
124.9
142.5
138.5
127.4
106.1
137.7
411.4
117.9
105.1
139.9

186.7
114.1
134.7
126.1
145.0
142.2
127.6
108.5
136.8
407.1
131.0
121.8
141.3

184.4
112.4
132.1
126.7
134.6
140.5
121.9
107.9
128.7
411.1
136.1
129.1
134.9

180.7
114.1
134.3
129.6
132.8
143.6
119.5
110.6
123.7
399.1
124.6
112.4
129.9

185.5
116.6
141.7
132.2
130.5
146.4
117.7
112.2
120.3
424.8
128.4
114.8
127.6

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

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

7.23
.95
.32
.47
.07
.10
.09
.21
.08
.06

123.5
103.2
98.4
106.9
95.7
113.3
108.3
107.8
99.3
102.3

175.7
121.6
100.1
133.9
132.2
122.6
138.3
138.0
107.7
150.1

178.7
122.8
100.0
135.4
110.4
155.1
132.5
137.4
109.4
144.9

180.8
120.2
99.3
132.2
106.8
126.4
145.3
138.6
112.0
145.6

182.4
118.9
100.4
133.8
96.1
135.3
147.0
141.5
112.8
149.9

183.6
119.5
99.1
139.1
105.4
139.9
157.6
143.4
110.7
1/57.2

182.8
118.6
98.1
141.8
114.0
130.2
165.0
147.3
113.3
166.1

171.7
123.8
101.6
118.6
107.4
122.5
100.0
129.3
102.1
123.1

179.6
128.5
108.5
133.4
110.6
133.5
136.8
140.6
110.2
142.3

184.3
126.2
107.1
137.2
107.4
134.9
146.6
145.2
120.2
144.4

185.3
120.3
102.8
144.6
114.5
144.3
159.3
149.6
125.0
165.4

185.3
117.1
96.9
133.8
109.3
118.6
150.8
142.3
123.0
152.5

183.9
114.4
93.3
123.4
93.7
91.9
134.9
143.5
118.4
156.7

Audio and video equipment
Com'munication equipment
Electronic components
Misc. electrical supplies
Storage batteries

365
366
367
369
3691

.21
1.59
2.66
.68
.11

126.1
120.0
153.8
106.0
93.3

134.4
155.2
272.4
132.3
107.1

145.4
157.9
277.0
133.6
107.2

149.7
158.7
284.1
138.5
128.2

153.0
161.2
288.5
135.9
105.4

158.5
155.8
293.1
138.0
109.5

139.0
154.3
291.8
142.1
131.6

116.9
151.9
266.9
127.0
104.7

164.3
156.5
275.3
135.0
116.2

169.8
159.0
284.3
145.5
162.1

171.1
161.6
290.0
141.2
125.2

174.6
159.6
296.5
141.4
119.1

133.5
161.5
297.9
146.4
138.0

Transportation e q u i p m e n t
Motor vehicles and parts
Autos
Trucks and truck trailers
Trucks and buses
Consumer trucks
Business vehicles
Motor vehicle parts
Motor homes

37
371

3714
3716

9.51
4.79
1.56
1.32
1.26
.73
.53
1.85
.05

104.8
107.4
90.0
119.7
121.7
125.2
117.3
114.8
87.6

111.6
136.7
104.3
167.9
168.7
163.9
175.1
145.7
134.3

114.1
142.1
103.9
181.7
184.1
188.2
179.0
151,4
141.2

114.1
143.3
105.9
183.2
184.6
187.7
180.9
151.7
140.7

109.3
139.7
103,4
171.7
173.6
179.1
166.8
152.4
135.5

108.6
140.7
103.4
173.0
174.2
182.8
163.4
153.2
164.0

110.0
141.2
102.7
178.7
180.2
190.6
167.1
151.1
171,2

93.8
102.0
60.1
110.2
108.4
98.1
121.9
136.8
138.2

111.0
137.3
96.1
178.6
180.8
183.8
177.3
148.9
139.2

116.0
146.8
109.0
189.9
191.6
197.6
184.1
153.4
136.8

113.9
149.5
116.1
190,6
193.4
203.3
181.0
152.2
150.5

108.7
140.3
103.8
170.4
172.2
182.1
159.8
154.5
133,9

105.7
130.7
91.6
151.3
151.7
159.9
141.5
154.4
128.8

372-6,9
372
373
374-6,9

4.73
2.95
.51
1.26

102.3
107.8
93.6
95.2

87.6
83.4
91.2
95.3

87.2
84.3
92.1
91.8

85.9
82.9
93.3
89.5

80.0
73,6
•91.0
89.0

77,7
70.5
88.7
88.3

80.0
74.2
90.4
87.8

86.0
81,8
89.6
93.8

85.7
83.1
89.8
90.1

86.4
84.7
92.1
88.3

79.8
73.2
91.0
89,2

78.3
71.2
89.4
88.9

81.8
76.4
93.2
88.7

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

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




:

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

Item

SIC

Not seasonallvadiusted

Seasonallvadiusted

1992
__
Value
1
Index
added

1995
July

Aug.

Sept.

Oct.

111.1
105.1

110.9
106.0

112.0
107.4

Nov/

Dec.

r

1995
July

Aua-

Sept.

Oct/

Nov/

Dec/

110.9
108.5

110.3
106.6

109.3
106.7

110.3
100.0

118.0
110.8

117.9
111.7

111.9
108.9

108.3
103.8

107.8
105.6

r

25
251

1.37
.63

99.2
97.1

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

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

110.0
110.4
109.9
109.8
111.8
109.6
112.3
108.1

121.3
122.5
115.7
120.9
127.8
120.3
119.9
120.5

118.6
119.7
114.8
118.0
124.4
117.9
120.0
116.7

118.5
116.8
113.2
115.6
120.4
119.7
126.1
116.2

119.7
119.4
112.0
119.2
122.3
120.0
121.5
119.1

116.3
114.0
107.0
113.6
117.2
117.9
123.7
114.7

117.7
114.2
107.9
115.2
114.4
120.5
129.9
115.5

118.6
119.8
117.0
117.4
125.1
117.8
119.6
116.7

119.8
119.8
113.0
119.1
123.2
119.7
122.6
118.1

118.6
117.2
111.7
115.9
121.5
119.6
126.4
115.8

122.0
119.3
112.1
119.6
121.1
123.9
134.6
118.1

115.5
114.4
106.9
114.7
116.5
116.3
117.8
115.4

112.1
111.1
107.4
111.1
112.3
112.8
114.9
111.7

Printing a n d p u b l i s h i n g
27
271
Newspapers
272,3,7
Periodicals, books, and cards
;274-6,8,9
Job printing

6.76
1.63
2.01
3.12

98.1
77.0
103.5
107.3

99.0
70.8
106.1
112.4

100.5
72.1
106.0
114.9

99.8
71.1
106.0
114.0

98.9
69.3
105.7
113.5

99.4
68.0
106.6
115.1

98.9
68.0
104.1
115.3

103.5
69.9
105.7
123.8

106.7
69.3
106.2
131.5

105.6
70.2
105.7
128.5

99.8
69.8
102.7
117.0

97.8
69.3
105.7
110.9

96.8
69.2
105.7
108.5

Chemicals a n d p r o d u c t s
Industrial chem cals and
synthetic materials
Basic chemicals
Alkalies and chlorine
Inorganic pigments
Inorganic chemicals, nee
Acids and other

28

9.85

114.4

124.0

124.4

125.3

126.7

125.7

125.4

129.1

131.2

132.1

126.9

122.1

119.1

281,2.6
281
2812
2816
2819

3.82
1.00
.08
.12
.67
.40

113.5
117.6
105.4
114.2
122.4
119.4

122.1
113.5
114.5
122.1
108.0
120.3

120.1
110.0
119.6
114.9
103.1
120.7

120.4
109.0
117.5
107.4
103.3
121.1

120.4
110.6
115.6
118.3
104.8
123.4

119.9
109.1
112.5
111.0
105.1
124.4

119.1
107.8
117.5
102.0
104.5
124.4

120.9
110.2
114.6
118.6
104.0
116.9

120.0
111.2
120.3
114.0
104.8
124.4

121.3
111.4
116.9
108.9
106.4
126.9

120.5
111.3
116.2
111.1
107.4
126.5

119.2
109.3
114.0
109.2
105.4
125.2

116.0
104.7
118.6
100.3
100.6
116.4

282
2821
2823,4
286

1.25
.75
.39
1.57

110.4
112.0
105.9
113.8

120.6
118.5
117.7
129.1

119.3
115.7
116.7
127.4

122.9
120.6
120.7
125.7

123.7
122.1
121.5
124.3

125.3
123.8
122.5
122.5

124.9

118.5
114.0
117.6
127.2

123.3
121.1
121.4
126.3

124.6
123.6
122.5
123.3

123.8
122.2
120.7
122.0

117.6

119.5
121.8

118.9
117.0
116.5
129.6

112.6
122.1

283-5,9
283
284
285
287

5.51
2.91
1.57
.43
.52

114.8
127.4
109.4
95.0
118.8

124.7
139.9
113.3
106.3
132.5

126.6
145.0
115.4
105.1
134.0

127.9
145.9
117.5
103.4
132.8

130.2
146.3
121.4
107.9
134.5

129.0
143.2
122.6
110.8
133.6

129.0
145.1
119.3
111.2
134.1

134.9
155.1
120.6
113.2
129.5

139.0
161.5
126.8
112.4
131.6

139.8
163.1
127.6
107.6
131.7

130.7
147.3
121.2
109.7
135.4

123.0
136.6
117.5
96.4
135.9

119.9
136.2
112.5
82.8
134.4

Petroleum p r o d u c t s
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

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

102.6
104.3
105.1
109.0
100.8
101.0
103.2
93.5

109.0
108.2
113.7
110.5
95.7
102.2
107.5
114.5

108.5
107.7
111.9
115.6
93.3
99.4
106.0
114.6

110.0
110.0
108.4
118.4
95.4
106.9
109.1
112.9

106.9
105.8
103.2
112.2
85.6
106.7
105.7
115.1

107.5
106.4
104.3
115.7
75.3
108.4
105.6
115.1

108.8
107.3
105.3
119.2
90.4
107.4
105.0
118.9

113.8
112.2
129.2
111.5
90.1
105.2
108.9
125.9

113.6
111.4
127.7
114.7
90.3
102.1
107.4
129.2

114.9
113.2
122.0
120.5
91.5
107.0
110.1
127.3

109.0
106.5
105.7
116.4
81.6
104.7
105.3
126.3

110.2
108.2
97.9
122.5
79.2
110.1
108.5
124.3

109.5
109.0
91.2
123.8
96.7
113.7
110.2
114.4

Rubber and plastics p r o d u c t s
30
301
Tires
Other rubber products
302,5,6
Plastics products, nee
308

3.51
.39
.59
2.54

116.2
120.5
105.9
118.0

137.7
149.2
121.4
140.1

138.7
144.1
122.0
142.0

139.8
144.4
123.0
143.2

139.7
142.8
122.3
143.5

140.1
147.5
120.3
143.6

139.2
138.7
120.4
143.7

133.3
125.4
122.3
137.0

139.3
143.2
127.0
141.7

141.3
142.6
127.3
144.5

141.7
151.9
123.8
144.6

139.6
138.2
118.3
145.0

137.7
117.5
116.7
145.9

31
314

.27
.12

89.0
83.2

78.7
71.2

80.8
73.8

80.5
73.9

79.7
71.5

78.3
70.5

77.0
68,8

74.4
68.3

82.4
76.6

82.6
75.9

81.0
72.3

79.7
71.2

77.4
69.1

Stone, clay, a n d glass p r o d u c t s 32
322
Pressed and blown glass
Glass containers
3221
Cement
324
Structural clay products
325
Concrete and miscellaneous
326-9

2.07
.35
.18
.13
.10
1.18

95.3
100.7
93.5
88.3
87.9
92.7

103.2
93.8
76.6
96.3
90.9
102.3

103.0
94.8
77.6
96.4
90.5
101.2

103.8
89.9
71.0
96.7
90.3
103.4

104.5
92.9
76.9
99.9
87.3
103.4

104.6
90.3
71.3

104.0
91.3
72.3

107.0
91.3
70.8
115.2
92.5
105.2

107.6
95.3
79.3
120.3
89.1
105.1

100.0
80.3
55.1

85.9
103.6

106.8
98.3
81.0
117.5
95.1
103.2

104.8
89.2
68.9

85.9
104.5

103.3
95.7
80.0
110.3
87.2
100.6

84.0
105.6

78.6
104.0

Furniture and f i x t u r e s
Household furniture
Paper a n d p r o d u c t s
Pulp and paper
Wood pulp
Paper
Paperboard
Paper products
Paperboard containers
Converted paper products

Synthetic materials
Plastics materials
Synthetic fibers
Industrial organic chemicals
Chemical products
Drugs and medicines
Soap and toiletries
Paints
Agricultural chemicals

Leather a n d p r o d u c t s
Shoes

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




13

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

Item

1992
Value
Index
added 1

1995
July

Not seasonallvadiusted

Aug.

Sept.

Oct/

Nov/

Seasonallvadiusted
Dec/

1995
July

Aug.

Sept.

Oct/

Nov/

Dec/

171.9
140.2
177.9
156.4

173.0
137.8
179.7
155.1

173.2
136.2
180.3
157.2

173.1
137.1
180.1
157.2

172.9
129.0
181.5
147,4

171.2

10
101
102-4,8.9
102

.46
.06
.40
.13

163.7
116.3
173.2
141.9

172.2
136.0
179.1
157.8

172.1
134.5
179.5
152.5

170.8
132.1
178.4
155.9

178.3
140.0
185.9
156.3

175.7
129.8
184.9
150.5

12

1.03

108.2

117.0

109.7

116.2

112.3

109.5

108.5

106.2

113.2

117.9

114.2

109.4

104.9

13
131

93.2
93.8
85.9
107.5
109.4
79.9

91.9
90.7
77.2
114.1
113.1
88.4

92.4
91.2
77.5
114.9
111.5
89.5

91.2
89.7
75.9
113.7
114.3
88.3

89.2
88.2
75.6
110.1
112.7
83.5

89.7
88.9
76.6
110.4
114.0
83.1

89.8
88.8
75.2
115.1
83.8

90.2
88.9
75.9
111.5
113.1
86.5

91.0
89.4
76.5
111.6
111.9
90.2

90.7
88.4
75.4
111.0
114.7
92.6

90.4
88.2
76.2
108.9
114.2
92.2

92.5
90.3
76.9
113.6
115.4
93.8

92.5
90.6
76.1

132
138

4.79
3.99
2.31
1.67
.25
.55

114.4
92.9

14

.58

99.1

113.5

111.6

113.1

112.4

111.7

112.2

121.6

120.0

121.5

118.8

114.2

106.9

20
201

202
2021
2022
2023
2024
2026

9.42
1.14
.44
.28
.41
.01
.96
.01
.27
.20
.13
.36

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

115.3
126.1
107.6
124.5
152.6
81.3
112.0
96.6
132.3
120.6
130.5
94.0

115.5
124.3
107.2
124.9
147.1
79.8
111.9
89.0
132.5
121.0
130.7
93.6

115.5
127.0
110.4
119.9
154.8
82.2
113.2
9t.6
137.3
121.9
127.6
94.3

115.4
126.0
106.3
121.8
156.5
80.9
112.5
90.7
133.9
118.0
134.0
94.7

115.2
129.8
110.4
125.7
159.6
82.1
112.5
89.1
138.4
113.8
130.8
95.2

114.9
130.2
110.6
123.1
162.7
81.7
111.3
93.8
139.0
116.3
114.3
95.1

117.3
122.3
108.7
110.9
149.5
73.7
113.8
75.5
128.1
118.2
160.1
94.4

122.9
127.7
113.2
120.6
152.9
76.7
109.0
67.2
127.7
106.0
150.9
92.0

124.1
130.9
115.4
122.7
157.9
80.6
107.0
74.8
135.9
99.3
127.4
92.0

121.2
133.2
110.9
131.5
165.3
81.8
104.8
84.1
133.8
99.1
115.8
91.1

115.3
128.8
106.8
134.5
155.0
81.8
103.6
81.4
138.5
95.9
101.9
90.9

111.6
125.4
103.9
128.5
152.8
84.0
107.1
101.0
139.3
118.6
83.6
91.8

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

1.37
1.26
1.07
.66
.23
1.75
.62
.89
.93
.16

107.9
109.3
93.2
111.0
110.1
109.2
115.2
109.1
106.3
91.2

116.2
118.7
96.7
116.3
114.4
117.7
117.9
122.2
118.6
94.4

116.2
117.0
98.3
113.5
116.7
118.8
118.7
125.4
122.4
98.5

111.9
120.0
98.4
111.4
112.9
120.1
119.7
126.2
120.3
88.7

111.3
118.7
98.7
113.3
114.6
121.3

111.1
117.0
96.5
112.4
113.8
120.1

113.5
114.8
95.6
117.1
112.5
118.9

105.6
116.5
90.6
134.8
115.7
106.4

122.0
120.5

139.0
124.3
109.5
120.9
111.6
127.0
112.7
144.1
130.6
85.3

112.6
120.1
94.1
136.9
121.3
115.1

125.5
121.4
97.2

136.5
119.8
108.8
110.9
110.0
129.4
126.9
142.7
132.5
96.8

126.9
121.7
101.3
136.7
120.3
123.9

127.5
120.1
94.9

117.8
116.8
105.2
105.5
105.2
125.1
126.0
136.8
125.6
86.3

131.0
125.1
101.2

120.1
120.7
100.9

113.1
121.2

21

1.63

95.8

99.1

91.3

90.2

88.2

89.2

86.2

82.7

97.3

94.0

98.7

87.1

70.6

Textile mill p r o d u c t s
22
221-4
Fabrics
221,2
Cotton and synthetic
224
Narrow fabrics
225
Knit goods
2253,4,7-9
Knit garments
Fabric finishing
226
Carpeting
227
Yarns and miscellaneous
228,9
Cotton and synthetic yarns 2281,2,4

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

112.4
107.9
109.6
113.4
127.0
133.6
97.7
99.4
114.8110.1

110.5
104.2
105.2
113.2
124.3
129.9
91.1
105.4
114.0
108.6

111.1
107.7
109.7
111.6
127.4
134.3
99.5
97.7
109.7
100.4

109.3
103.9
105.2
109.6
127.1
134.3
95.6
96.9
109.1
99.7

108.3
103.5
105.2
104.1
122.6
128.6
87.7
108.3
108.1
99.0

104.1
93.3
92.3
110.0
126.8
137.5
80.1
109.0
101.3
88.4

116.3
109.8
112.7
114.5
136.9
152.5
100.9
101.2
116.6
113.1

113.9
103.1
105.0
114.8
136.3
148.6
91.1
107.1
116.1
110.4

116.4
109.4
113.0
111.2
136.9
139.9
102.4
111.5
112.1
103.8

106.6
103.1
105.1
111.0
122.8
127.4
95.7
87.3
108.1
96.4

97.4
96.4
97.0
106.0
111.2
118.7
78.9
83.7
98.8
81.8

Apparel p r o d u c t s

23

2.19

95.0

94.8

94.5

94.5

93.3

92.5

92.5

93.0

97.4

97.5

94.4

93.1

92.1

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

1.99
.84
.31
1.16
.65
.18
.15

95.2
95.2
85.0
95.2
89.5
86.2
94.2

103.7
97.5
84.1
108.3
94.8
84.5
148.6

103.7
94.0
85.8
110.7
97.0
88.4
155.9

106.2
98.7
84.9
111.6
96.7
85.5
158.0

105.7
96.8
86.2
112.1
96.7
85.2
158.9

105.6
97.0
87.2
-112.1
96.7
84.9
161.8

106.4
98.2
84.4
112.3
97.8
88.7
164.4

102.1
96.3
88.6
106.3
95.4
81.9
137.5

107.7
98.0
92.8
114.8
100.5
91.0
169.1

1.09.7
102.7
92.0
114.8
99.2
88.3
166.4

111.0
104.2
94.0
116.0
98.9
88.8
175.9

104.2
95.3
87.4
110.6
96.7
83.1
157.9

99.4
90.5
82.2
105.9
95.5
80.7
135.8

Metal m i n i n g
Iron ore
Nonferrous ores
Copper
Coal m i n i n g
Oil and gas extraction
Crude oil and natural gas
Crude oil, total
Natural gas
Natural gas 1 quids
Oil and gas well drilling
Stone and earth minerals

Foods
Meat products
Beef
Pork
Poultry
Miscellaneous meats
Dairy products
Butter
Cheese
Concentrated milk
Frozen desserts
Milk and misc. dairy products
Canned and frozen food
Grain mill products
Bakery products
Sugar and confectionery
Fats and oils
Beverages
Beer and ale
Soft drinks
Coffee and miscellaneous
Roasted coffee
Tobacco p r o d u c t s

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

104.0 109.9
99.4 102.8
99.0 -102.9
103.5 116.3
116.7 124.8
116.7 132.2
95.2
90.3
97.0 116.4
103.5 106.8
100.6
95.1

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




174.1
182.1

178.3

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

"
Seasonallvadiusted

Index, i 987 = 100

1992
Value1
index
SIC added

1995
Julv

Aua.

Sect.

Oct/

Nov/

Not seasonallvadiusted

Dec/

1995
Julv

Aua.

Sent.

Oct/

Nov/

Dec/

38
381-4
384

5.36
4.32
1.56

106.3
107.0
138.2

110.2
108.6
155.0

111.4
110.0
159.0

111.3
109.5
156.5

111.4
109.7
156.8

111.2
109.1
157.2

110.8
108.6
156.7

112.1
111.3
169.3

113.7
112.9
172.9

115.1
113.9
172.7

112.1
110.5
160.9

110.8
108.4
152.4

110.8
108.6
148.8

Misc. manufactures
Consumer goods
Business supplies

39
391,3,4,6
395,9

1.32
.67
.65

106.9
106.5
107.4

121.4
116.3
126.8

122.4
117.2
127.8

122.9
117.4
128.8

122.2
115.9
128.9

123.3
117.1
129.9

123.6
118.7
128.9

116.4
108.5
124.6

123.1
116.7
129.7

125.7
119.8
131.9

127.0
121.6
132.7

127.8
123.5
132.2

124.6
119.4
130.0

Electric utilities
Generation
Fossil fuel
Hydro and nuclear

491,3pt

6.15
2.64
1.32
1.32

111.7
111.3
103.6
121.4

122.2
122.2
110.8
136.7

130.0
127.4
121.3
135.7

122.7
120.2
108.8
134.9

123.7
124.2
105.9
146.9

123.6 123.8
122.2 122.1
108.4
139.7

138.4
136.6
129.1
146.9

144.7
139.3
138.8
141.4

125.8
118.8
111.5
128.5

114.6
111.7
100.1
126.5

115.0
115.8
102.6
132.4

124.5
123.3

3.51
1.43
2.08
1.21
.87

112.0
109.9
113.4
112.8
114.2

122.3
121.7
122.6
125.3
118.7

131.9
139.4
126.5
130.5
120.9

124.6
127.5
122.5
125.5
118.3

123.2
121.7
124.3
127.6
119.7

124.7
125.5
124.1
128.0
118.5

125.0

139.7
147.1
134.5
142.5
123.1

148.8
162.3
139.2
147.0
128.1

131.1
133.0
129.6
134.9
122.1

116.7
105.6
124.5
126.2
122.0

114.4
108.7
118.4
119.0
117.4

125.4
120.8

1.57
.64
.28
.46

112.7
108.7
115.4
114.4

124.5
114.2
124.9
132.8

124.3
103.3
140.8
136.8

122.4
110.5
139.3
126.4

113.6
101.4
120.3
120.7

121.9

125.3

74.1
37.3
65.2
104.7

74.9
32.3
70.2
108.7

70.8
37.8
70.6
95.5

84.2
60.1
83.5
102.3

125.8

179.1

Instruments
Scientific and medical
Medical instruments

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

492,3pt

124.5

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

Table 7
INDUSTRIAL PRODUCTION: GROSS VALUE OF PRODUCTS
Billions of 1992 dollars at annual rates, seasonally adjusted
1994
1995
Q3
Item
1987
Products, total

1995
Q1

Q4

Q2

Q4r

Q3

1995
Aug.

Sept.

Oct/

Nov/

Dec/

1996
Jan.P

2002.9 2244.7 2201.2 2232.6 2248.8 2235.7 2254.9 2251.0 2257.8 2268.1 2240.3 2251.7 2261.0 2244.6
1552.2 1747.9 1708.5

1732.8 1750.6 1742.0 1757.3 1750.7 1760.5 1768.2 1741.9 1752.3 1758.0 1745.6

Consumer goods
Durable
Automotive products
Other durable goods
Nondurable

1033.4
222.3
122.4
99.9
811.1

1129.6
272.9
160.6
112.3
856.7

1118.9
274.3
159.3
115.0
844.6

1129.0
277.1
162.5
114.5
851.9

1133.7
279.9
166.2
113.8
853.8

1125.3
269.6
158.7
110.9
855.7

1133.6
271.4
159.0
112.4
862.2

1131.7
273.9
160.3
113.6
857.8

1135.7
272.8
160.7
112.0
862.9

1141.1
276.2
162.9
113.2
864.9

1125.1
270.3
157.7
112.6
854.8

1135.1
274.0
160.2
113.8
861.1

1134.9
277.4
163.0
114.3
857.6

1118.6
264.3
154.7
109.7
854.2

Equipment, total
Business and defense
Business
Defense and space

518.8
500.3
415.6
84.7

618.2
594.6
528.2
66.4

589.6
566.7
496.4
70.4

603.9
580.8
510.7
70.2

616.9
593.5
524.7
68.8

616.7
593.1
525.7
67.4

623.7
599.7
533.3
66.4

619.0
595.3
531.8
63.5

624.8
600.6
533.9
66.6

627.1
602.9
537.2
65.7

616.7
593.2
528.5
64.7

617.2
593.5
530.2
63.3

623.1
599.1
536.5
62.6

627.1
603.1
541.1
62.0

450.7
177.0
273.7
70.6

496.8
200.7
296.1
76.8

492.7
200.3
292.4
75.4

499.8
203.4
296.4
75.1

498.1
202.9
295.2
74.8

493.6
198.9
294.7
75.9

497.6
199.6
298.1
78.6

500.3
202.8
297.4
78.4

497.3
198.0
299.4
79.6

499.9
201.3
298.6
78.8

498.4
200.8
297.6
77.4

499.4
202.1
297.2
78.7

503.0
205.5
297.5
79.1

498.9
202.2
296.7
79.6

Final products

Intermediateproducts
Construction supplies
Business supplies
Commercial energy products

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

Jan.

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.

Oct.

Nov.

Dec.

60.8
50.0
52.7

60.4
62.7
45.0

50.8
65.8
48.5

57.7
60.4
42.7

49.6
63.8
49.2

56.2
59.2
51.5

57.3
59.6
48.5

51.5
58.1
58.8

58.1
52.3
53.5

56.9
60.0
44.4

59.2
58.8
52.1

63.5
63.5
53.7

61.9
61.9
62.7

67.7
63.5
53.1

62.7
69.2
46.5

63.1
72.7
40.8

52.3
73.1
40.0

55.4
67.7
43.8

55.4
67.3
47.7

57.3
66.9
52.3

61.2
61.5
57.3

60.8
60.0
50.4

58.5
62.7
50.8

66.5
66.9
46.2

59.2
63.1
68.5

71.5
66.5
58.1

66.5
70.8
60.4

68.1
73.1
54.2

60.8
77.7
47.7

65.4
72.3
38.8

64.6
74.2
41.2

58.8
75.4
44.2

62.3
69.6
47.3

61.5
70.8
47.3

64.6
68.5
52.3

71.5
73.1
52.7

Note—The diffusion indexes are calculated as the percentage of series that increased over the indicated span (one, three, or six months) plus one-half
the percentage that were unchanged.




15

Table 9
ELECTRIC POWER USE: MANUFACTURING AND MINING
index, 1 9 8 7 = 1 0 0
Seasonalh/adjusted

1987
Billion
KWH

1995
July

Aug.

Sept.

Oct/

Nov/

850.7

115.1

115.7

115.1

115.5

115.7

776.5
351.3
425.2
74.2

115.6
109.1
121.4
108.1

116.2
111.6
120.3
108.6

115.6
111.0
119.6
108.8

115.9
111.0
120.2
109.9

INDUSTRY GROUPS a n d SERIES
10
Metal m i n i n g
101
Iron ore
102
Copper ore

14.6
6.3
4.8

144.3
154.9
139.7

146.9
145.4
150.1

143.2
148.6
140.3

12

13.4

101.4

99.8

Oil a n d gas e x t r a c t i o n
Crude oil and natural gas
Natural gas liquids

13
131
132

33.0
27.7
3.7

91.7
91.0
82.9

Stone a n d earth minerals
Crushed stone
Sand and gravel
Chemical and fertilizer materials

14
142
144
147

12.3
3.5
2.9
3.9

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

20
201
202
203
204
205
206
207
208
209

Not seasonally adius ed
Pec.P

1995
July

Aug.

Sept.

Oct/

Nov/

Pec.P

115.4

116.3

119.7

119.0

116.9

114.5

113.4

116.0
111.1
120.3
112.3

115.6
111.8
119.0
112.3

117.2
110.0
123.6
103.9

120.6
114.6
126.0
106.8

119.8
114.1
124.8
108.4

117.4
112.2
122.0
110.2

114.6
109.8
118.8
112.3

113.3
108.9
117.2
115.7

152.5
166.0
143.5

163.8
173.0
165.3

162.8
171.7
161.6

144.1
156.2
139.9

144.2
145.7
143.6

144.4
148.2
143.8

154.0
168.1
145.4

161.3
167.5
163.9

166.2
169.7
171.6

101.2

99.5

102.0

99.1

82.5

91.9

94.4

95.7

102.7

105.3

93.4
93.6
81.3

92.7
92.7
82.9

92.9
91.8
81.5

91.5
92.2
75.4

92.8
92.4
84.9

91.8
90.5
85.8

93.0
92.7
81.8

93.4
93.1
83.4

92.9
92.2
82.0

90.6
91.4
74.6

96.0
95.7
87.4

116.4
137.7
123.8
106.7

114.4
137.5
122.2
102.4

119.4
135.1
124.0
112.9

117.7
134.5
124.2
110.1

118.7
137.5
126.5
110.7

120.8
135.1
122.4
116.7

117.4
143.1
129.7
105.7

118.5
147.8
133.0
103.8

123.5
147.8
132.8
112.9

123.1
147.2
135.0
112.1

123.4
149.7
135.2
111.9

121.0
136.6
122.0
116.6

52.9
8.7
6.5
6.6
10.9
3.3
3.7
3.4
5.9
3.9

125.9
140.0
111.3
128.8
140.1
129.4
140.3
147.6
107.6
109.8

128.0
141.2
115.3
129.7
139.6
130.8
142.5
154.2
110.3
113.3

128.1
141.3
116.1
126.2
141.5
131.8
144.9
145.9
111.3
113.1

127.3
141.2
115.3
124.6
143.3
131.3
142.3
147.7
112.4
110.6

126.9
142.0
112.7
124.3
141.5
128.2
149.3
147.9
109.7
110.2

126.1
144.6
111.0
129.1
138.0
128.2
150.9
145.3
106.7
111.2

132.7
151.7
123.0
131.1
139.3
140.3
134.1
134.0
119.9
119.1

140.0
155.9
126.5
152.7
144.2
145.4
140.1
148.2
126.5
125.3

141.2
155.5
124.9
156.0
147.7
145.8
144.6
145.0
126.9
125.2

133.1
144.9
115.3
143.5
148.2
136.1
151.4
144.9
117.3
115.6

126.9
139.3
107.6
125.9
144.7
125.7
174.8
151.7
105.5
109.3

122.3
138.5
104.5
119.7
138.9
121.6
173.4
156.3
98.2
106.3

21

1.7

119.5

114.8

108.4

103.7

112.0

113.1

117.9

124.6

119.9

112.2

109.9

107.6

22
221-4
225
226
228
229

29.9
11.6
3.4
2.2
8.4
2.9

115.1
102.1
139.6
112.5
118.5
135.5

115.2
102.2
142.0
122.7
118.7
128.4

112.7
99.0
135.2
115.6
116.6
132.3

118.0
103.5
144.6
119.2
126.6
131.6

115.7
103.4
141.7
118.5
118.5
130.9

108.6
95.4
137.6
111.0
109.4
126.7

116.1
103.1
145.7
112.0
120.0
133.1

129.4
115.2
161.7
129.4
135.4
142.7

124.6
109.2
153.8
123.4
128.9
145.0

122.4
107.2
149.5
123.5
131.5
136.9

111.3
99.2
135.0
116.2
113.1
127.5

102.2
89.6
125.8
108.9
102.8
120.3

23
231,2
233

6.6
1.9
1.9

100.1
104.4
84.4

102.8
105.4
88.1

100.5
102.5
84.1

102.9
108.8
87.5

105.1
116.5
91.9

105.4
119.8
89.8

109.6
117.0
94.6

121.1
127.8
105.9

117.8
124.0
99.5

105.8
112.7
90.0

98.6
107.5
85.2

94.8
105.1
80.0

Lumber and products
Lumber
Millwork and plywood

24
242
243

21.6
7.9
5.7

119.7
108.4
112.7

120.7
106.3
114.9

121.9
105.8
115.2

124.4
108.8
115.8

123.8
108.4
116.5

120.9
107.6
115.7

116.4
103.6
109.6

120.2
104.6
114.3

122.2
105.5
115.2

123.3
108.2
115.4

123.7
110.6
116.4

121.5
108.4
116.1

Furniture a n d f i x t u r e s
Household furniture

25
251

5.7
3.2

118.3
112.7

118.5
111.1

120.5
112.8

119.1
115.2

120.0
114.5

119.5
116.1

116.1
105.7

125.8
116.5

127.4
117.2

120.7
116.8

117.5
112.9

117.6
115.2

Paper and p r o d u c t s
Wood pulp
Paper
Paperboard
Paperboard containers
Converted paper products

26
261
262
263
265
267

97.0
7.1
51.6
26.0
4.5
7.6

123.8
102.8
123.1
131.4
119.3
119.6

123.9
110.9
122.6
132.2
121.6
118.1

123.7
109.7
124.2
125.7
116.3
120.2

119.5
89.8
119.9
121.6
120.9
120.6

120.1
98.3
120.0
123.1
121.8
119.8

118.1
104.0
117.1
122.2
119.8
118.4

124.0
102.1
122.8
131.9
119.0
120.4

126.2
111.3
124.3
133.5
125.3
122.2

124.8
110.3
123.3
126.8
120.7
126.6

120.3
94.2
120.6
121.5
120.7
122.7

120.1
100.9
120.1
122.0
119.8
119.4

117.8
102.4
117.4
123.5
117.3
115.9

Printing and p u b l i s h i n g
Newspapers
Commercial printing

27
271
275

15.7
3.4
8.2

134.5
118.8
136.8

139.7
126.3
139.6

136.9
119.8
137.7

136.6
120.0
138.0

137.3
122.6
138.6

137.2
121.3
140.5

147.0
129.2
149.7

157.3
141.2
158.2

153.4
132.5
155.6

140.1
123.5
141.8

132.7
118.0
134.6

130.1
115.8
133.0

28
281
2812
2819

146.2
61.8
14.1
29.1
10.9
18.2

122.2
125.4
103.2
145.7
109.7
171.2

117.4
115.3
107.2
125.3
109.4
136.5

118.1
115.4
102.9
126.1
111.0
136.9

118.6
116.2
109.5
126.1
106.8
139.8

118.2
116.3
106.2
127.6
114.8
136.8

118.0
116.7
103.1
126.3
111.5
136.8

123.2
122.9
104.8
139.2
110.8
159.3

120.2
116.3
107.6
124.2
112.0
132.9

120.3
116.1
102.9
124.4
110.1
134.6

119.8
117.7
109.7
128.6
105.6
145.0

117.1
116.3
104.9
127.4
113.6
137.2

117.7
117.8
106.1
129.3
112.5
141.3

Item

1987 SIC

Total
MAJOR INDUSTRY GROUPS
Manufacturing
Durable
Nondurable
Mining

Coal m i n i n g

Tobacco p r o d u c t s
Textile mill p r o d u c t s
Fabrics
Knit goods
Fabric finishing
Yarn and thread
Miscellaneous textiles
Apparel p r o d u c t s
Men's outerwear
Women's outerwear

Chemicals a n d p r o d u c t s
Basic chemicals
Alkalies and chlorine
Inorganic chemicals, nee
Acid and fertilizer materials
Nuclear materials, nondefense




16

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

Index. 1 9 8 7 = 1 0 0
~~
1995
Nov/
Dec.P
July

1987
Billion
KWH

1995
July

Aug.

Sept.

Oct/

282
2821
283
284
286
287

26.5
14.2
5.5
3.1
36.0
8.5

115.8
127.6
137.1
108.5
109.7
130.1

114.7
129.1
143.0
112.1
111.5
133.3

116.7
129.8
140.8
113.8
107.1
128.7

116.4
130.4
143.2
114.8
111.9
131.5

117.0
129.0
136.1
113.9
104.1
132.3

116.1
132.6
142.4
111.3
104.1
129.9

29

40.1

103.9

105.9

101.6

106.4

108.6

Rubber a n d plastics p r o d u c t s
Tires
Rubber products, nee
Plastics products, nee

30
301
306
308

33.1
3.6
3.1
24-9

139.9
115.0
116.9
145.7

142.6
111.8
119.6
149.7

141.9
113.5
118.0
148.0

142.8
115.8
119.5
148.7

Leather and p r o d u c t s
Shoes

31
314

1.0
.4

97.1
94.6

94.9
88.2

96.2
89.0

Stone, clay, & glass p r o d u c t s
Flat glass
Pressed and blown glass
Cement
Structural clay products
Concrete products

32
321
322
324
325
327

33.8
1.7
6.7
10.1
1.6
5.1

106.1
107.1
100.5
105.5
115.0
93.6

106.8
106.8
102.5
103.1
115.8
93.8

Primary metals
Basic steel and mil! products
Iron and stee foundries
Primary nonferrous metals
Aluminum
Nonferrous foundries

33
331
332
333
3334
336

137.9
54.4
9.9
55.8
51.2
2.7

107.1
118.2
119.1
86.5
81.4
120.4

Fabricated metal p r o d u c t s
Metal containers
Hardware, tools, and cutlery
Structural metal products
Fasteners
Metal stampings

34
341
342
344
345
346

31.5
2.5
2.7
5.6
1.7
7.1

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
Communicationequipment
Electronic components

Not seasonallvadiusted
Aug.

Sept.

Oct/

Nov/

Dec.P

119.7
131.2
150.8
116.1
112.1
129.1

119.5
132.8
159.4
122.1
114.0
132.1

120.2
132.0
158.3
122.5
111.4
127.5

116.4
128.4
144.8
116.4
116.2
130.7

115.5
127.0
130.2
111.3
103.5
131.4

114.2
130.7
133.7
105.3
103.2
132.1

107.5

107.7

110.6

105.7

104.9

106.1

107.8

143.2
120.5
116.8
148.7

141.9
119.3
113.1
147.7

140.2
115.8
116.6
146.0

147.1
122.9
122.1
152.6

148.2
122.7
122.6
153.7

145.5
118.5
121.4
151.5

142.2
116.8
115.9
148.1

136.5
108.4
110.3
143.1

92.9
92.6

94.3
90.7

93.9
92.8

95.6
94.4

101.3
98.8

102.8
98.0

93.4
91.6

92.5
88.1

89.9
85.6

106.6
108.9
99.1
104.8
112.6
96.0

105.8
113.2
97.8
102.6
109.4
96.6

107.4
112.5
99.6
104.2
112.7
99.9

108.7
113.1
103.7
110.0
110.8
99.9

107.9
108.7
101.5
110.7
116.0
94.4

110.4
109.3
105.4
109.2
118.3
96.3

110.2
112.8
101.6
111.2
116.6
98.7

110.0
113.0
100.0
112.6
110.6
99.4

109.6
110.3
99.4
111.8
113.5
101.5

108.2
111.5
100.4
111.1
113.0
100.3

108.7
120.2
122.8
86.3
80.7
123.4

109.1
120.4
123.0
85.8
80.2
122.2

109.7
120.7
120.9
85.9
78.4
120.6

110.0
119.4
118.9
87.7
78.4
120.7

110.7
120.7
122.6
87.6
78.7
122.6

105.9
114.7
113.0
87.9
83.6
115.5

108.5
119.2
119.3
87.2
81.1
122.8

108.5
119.3
125.1
84.8
78.8
125.2

110.4
120.4
123.7
87.0
80.9
123.0

109.3
118.8
120.9
86.5
77.9
122.5

109.7
118.1
118.9
89.0
80.3
119.6

113.3
127.5
110.0
109.2
108.4
127.0

117.8
129.8
112.3
116.5
114.7
133.5

116.8
129.5
113.0
111.1
109.9
135.6

1.16.2
137.7
110.6
111.8
108.1
131.8

116.0
134.4
112.4
111.5
111.9
131.8

117.3
126.9
116.4
114.6
110.8
135.3

114.7
134.7
111.2
110.7
110.0
123.7

120.6
134.7
117.0
116.7
119.5
133.6

121.4
134.0
119.0
115.0
115.0
137.9

117.4
137.0
113.3
111.7
111.2
134.2

115.3
130.4
110.9
112.4
111.0
132.3

112.6
119.4
112.2
111.4
104.5
129.9

33.4
2.5
1.6
4.2
4.2
2.5
4.8
6.1
3.3

115.9
108.0
150.2
111.0
131.5
117.7
117.2
90.0
146.3

117.4
116.3
146.7
108.1
135.3
116.5
119.8
90.5
149.4

115.3
108.1
139.9
107.9
134.5
115.8
115.7
90.9
148.6

115.0
114.0
144.3
105.0
131.9
117.1
118.6
87.1
150.9

114.0
114.0
148.0
100.5
133.9
111.7
117.3
87.7
150.7

114.7
116.8
150.4
100.1
136.5
112.6
118.2
89.7
150.9

120.3
111.8
144.7
115.8
137.9
122.7
121.9
94.7
154.6

124.0
121.6
143.7
114.5
143.6
123.2
126.6
96.6
161.1

123.1
112.1
143.7
116.1
143.1
123.4
123.8
95.4
160.0

116.1
113.2
134.8
106.8
132.3
118.4
119.1
90.3
152.6

111.5
109.7
137.4
99.9
130.6
109.9
114.9
85.3
146.8

109.5
110.8
139.3
97.1
130.0
108.2
112.6
86.3
141.5

36
361
362
363
364
365
366
367

31.3
1.4
4.1
2.5
2.9
.6
3.1
12.8

110.8
76.8
110.9
98.1
109.1
157.3
88.0
124.1

115.8
78.2
114.0
96.9
114.4
157.5
94.8
130.4

113.0
77.0
110.4
91.5
110.6
158.9
94.7
127.3

114.2
77.2
110.0
94.3
112.1
158.2
93.7
131.3

114.1
75.9
110.6
95.2
111.5
159.2
95.3
129.8

114.4
75.0
110.4
94.0
110.0
163.9
98.7
132.9

116.0
78.3
114.9
98.5
111.5
162.4
95.8
132.8

122.5
84.3
116.4
103.6
114.0
170.9
102.6
138.7

121.3
82.5
114.3
99.0
117.0
170.7
103.8
136.7

116.0
79.2
109.3
95.8
112.6
163.8
95.2
132.8

111.6
74.7
107.8
91.5
109.5
158.2
92.2
126.4

110.4
72.6
106.9
86.3
105.5
161.1
94.6
128.7

Transportation e q u i p m e n t
Motor vehicles and parts
Aircraft and parts
Ships and boats

37
371
372
373

38.3
21.9
10.1
2.1

101.3
100.4
91.4
95.4

105.7
107.0
90.8
98.5

104.9
105.2
90.1
101.8

103.4
106.1
86.5
99.2

102.7
106.0
84.9
95.0

104.0
107.1
89.0
94.2

102.4
99.8
94.2
94.3

112.1
113.5
95.6
101.4

110.1
110.8
94.2
102.6

104.8
108.1
88.0
96.3

100.3
103.7
83.1
92.9

98.6
100.5
85.4
94.4

Instruments
Photographic equip. & supplies

38
386

13.1
1.7

110.0
88.4

113.4
91.0

109.4
84.6

106.9
89.9

107.0
87.6

108.0
91.6

118.5
93.2

122.7
95.3

118.7
88.9

109.5
92.0

105.1
85.9

103.7
89.8

39

4.6

135.3

133.7

136.3

135.3

138.2

137.9

142.2

144.4

146.7

138.8

134.9

130.1

832.5
765.4
85.3

113.3
114.6
111.2

115.0
114.8
113.6

114.4
114.5
111.4

114.7
114.7
114.2

115.0
114.4
116.2

114.7
114.0
119.6

114.9
115.5
112.6

119.2
118.9
115.1

118.5
118.5
109.5

116.0
115.9
114.8

113.7
113.4
115.0

112.6
111.9
123.6

Item

1987 SIC

C h e m i c a l s a n d P r o d u c t s (cont.;
Synthetic materials
Plastics materials
Drugs and medicines
Soap and toiletries
Industrial organic chemicals
Agricultural chemicals
Petroleum p r o d u c t s

Miscellaneous m a n u f a c t u r e s
SUPPLEMENTARY GROUPS
Total, excluding nuclear nondefense
Utility sales to industry
Industrial generation




17

Explanatory Note
The statistical release of Industrial Production and Capacity Utilization reports
measures of output, capacity, and capacity utilization in manufacturing, mining, and
the electric and gas utilities industries. It also includes survey data on the use of
electric power in manufacturing and mining. Data in the release are available on-line
on the day of issue through the Economic Bulletin Board of the Department of
Commerce. For information, call (202) 482-1986. Diskettes containing historical
data and the data published in this release are available from the Board of Governors
of the Federal Reserve System, Publications Services, (202) 452-3245.
Industrial

Production

Coverage. The industrial production (IP) index measures output in the
manufacturing, mining, and electric and gas utilities industries. For the period since
1992, the total IP index has been constructed from 260 individual series based on the
1987 Standard Industrial Classification (SIC). These individual series are classified
and grouped in two ways: (1) market groups (shown in table 1), such as consumer
goods, equipment, intermediate products, and materials; and (2) industry groups
(shown in tables 2 and 6), such as two-digit SIC industries and major aggregates of
these industries—for example, durable and nondurable manufacturing, mining, and
utilities.
Market groups. For purposes of analysis, the individual IP series are grouped into
final products, intermediate products, and materials. Final products are assumed to be
purchased by consumers, businesses, or government for final use. Intermediate
products are expected to become inputs in nonindustrial sectors, such as
construction, agriculture, and services. Materials are industrial output requiring
further processing within the industrial sector. Total products comprise final and
intermediate products, and final products are divided into consumer goods and
equipment.
Timing. The first estimate of output for a month is published around the 15th of the
following month. The estimate is preliminary (denoted by the superscript "p" in
tables) and subject to revision in each of the subsequent three months as new source
data become available. (Revised estimates are denoted by the superscript "r" in
tables.) After the fourth month, indexes are not revised further until the time of an
annual revision or a benchmark revision. The last three benchmark revisions were
published in 1990, 1985, and 1976.
Source data. In annual or benchmark revisions, the individual IP indexes are
constructed from a variety of source data, such as the quinquennial Censuses of
Manufactures and Mineral Industries and the Annual Survey of Manufactures,
prepared by the Bureau of the Census; the Minerals Yearbook, prepared by the
Bureau of Mines; and publications of the Department of Energy. On a monthly basis,
the individual indexes of industrial production are constructed from two main types
of source data: (1) output measured in physical units and (2) data on inputs to the
production process, from which output is inferred. Data on physical products, such as
tons of steel or barrels of oil, are obtained from private trade associations as well as
from government agencies including those listed above; data of this type are used to
estimate monthly IP where possible and appropriate. When suitable data on physical
product are unavailable, estimates of output are based on either production-worker
hours or electric power use by industry. Data on hours worked by production workers
are collected in the monthly establishment survey conducted by the Bureau of Labor
Statistics. The data on electric power use are described below. The factors used to
convert inputs into estimates of production are based on historical relationships
between the inputs and the comprehensive data used to benchmark the IP indexes;
these factors also may be influenced by technological or cyclical developments.
Especially for the first and second estimates for a given month, the available source
data are limited and subject to revision.
Weights. In the index, series that measure the output of an individual industry are
weighted according to their proportion in the total value-added output of all
industries. The industrial production index, which extends back to 1919, is built in
chronological segments that are linked together to form a continuous index
expressed as a percentage of output in a comparison base year (currently 1987). Each
segment, which usually spans five years, is a Laspeyres quantity index showing
changes in quantities with prices (Census value added per unit of output) held at
base-year values for the segment. For the period from 1992 to the present, IP is
aggregated on the basis of 1992 value-added weights. The aggregation of the index
for the 1987-91 period is based on 1987 weights, whereas 1982 weights are used for
the 1982-86 period. The other weight years in the postwar period are 1977, 1972,
1967, 1963, 1958, 1954, and 1947. The 1992 value-added weights used to aggregate
the index are shown in the first column of tables 1, 2, and 6, in the "Value added"
column under the heading "1992."

fourth estimates) was 0.35 percent during the 1972—92 period. The average revision
to the percent change in total IP, without regard to sign, from the first to the fourth
estimates was 0.26 percentage point during the same period. In most cases (about 85
percent), the direction of change in output indicated by the first estimate for a given
month is the same as that shown by the fourth estimate.
Rounding. The published percent changes are calculated from unrounded indexes,
and may not be the same as percent changes calculated from the rounded indexes
shown in the release.
References. Industrial Production—1986 Edition contains a more detailed
description of the methods used to compile the index, plus a history of its
development, a glossary of terms, and a bibliography. To obtain Industrial
Production—1986 Edition ($9.00 per copy), write to Board of Governors of the
Federal Reserve System, Publications Services, Washington, DC 20551. The 1990
and 1993 revisions to the index were described in the Federal Reserve Bulletin, vol.
76 (April 1990), pp. 187-204 and vol. 79 (June 1993), pp. 590-605, respectively.
The early 1994 revision was described in the Federal Reserve Bulletin, vol. 80
(March 1994), pp. 220-6. The later 1994 revision was described in the Federal
Reserve Bulletin, vol. 81 (January 1995), pp. 16-26. The annual revision published
in November 1995 will be described in the January 1996 Federal Reserve Bulletin.

Capacity Utilization
Definition. Capacity utilization is calculated for the manufacturing, mining, and
electric and gas utilities industries. For a given industry, the utilization rate is equal to
an output index divided by a capacity index. Output is measured by seasonally
adjusted indexes of industrial production. The capacity indexes attempt to capture
the concept of sustainable practical capacity, which is defined as the greatest level of
output that a plant can maintain within the framework of a realistic work schedule,
taking account of normal downtime, and assuming sufficient availability of inputs to
operate the machinery and equipment in place. The 75 individual capacity indexes
are based on a variety of data, including capacity data measured in physical units
compiled by trade associations, surveys of utilization rates and investment, and
estimates of growth of the capital input.
Groups. Estimates of capacity and utilization are available for a variety of groups,
including primary and advanced processing industries within manufacturing,
durable and nondurable manufacturing, total manufacturing, mining, utilities, and
total industry. Component industries of the primary and advanced processing groups
within manufacturing are listed in the note on tables 2 and 3 of the release.
Weights. Value-added proportions are used to weight the individual capacity
indexes in aggregations in the same manner as individual IP series are aggregated to
the total index of industrial production. Although each utilization rate is the result of
dividing an IP series by a corresponding capacity index, aggregate utilization rates
are equivalent to combinations of individual utilization rates aggregated with
proportions that reflect current capacity levels of output valued in base-period
value-added per unit of actual output. The implied proportions of individual industry
operating rates in the rate for total industry for the most recent year are shown in the
first column of table 3.
Perspective. The historical highs and lows in capacity utilization shown in the tables
above are specific to each series and did not all occur in the same month. Industrial
plants usually operate at capacity utilization rates that are well below 100 percent:
none of the broad aggregates has ever reached 100 percent. For total industry and
total manufacturing, utilization rates have exceeded 90 percent only in wartime.
References. The basic methodology used to estimate capacity and utilization is
discussed in the Federal Reserve Bulletin, vol. 71 (October 1985), pp. 754-66. The
1990 and 1993 revisions were described in the Federal Reserve Bulletin, vol. 76
(June 1990), pp. 412-35 and vol. 79 (June 1993), pp. 590-605, respectively. The
early 1994 revision was described in the Federal Reserve Bulletin, vol. 80 (March
1994), pp. 220-6. The later 1994 revision was described in the Federal Resene
Bulletin, vol. 81 (January 1995), pp. 16-26. The annual revision published in
November 1995 will be described in the January 1996 Federal Reserve Bulletin.
Electric Power
Data on electric power (expressed in kilowatt hours) are collected by the Federal
Reserve District Banks from electric utilities and also from manufacturing and
mining establishments that generate electric power for their own use (cogenerators).
The indexes of power use shown in table 9 are sums of kilowatt hours used by an
industry or industry group expressed as a percentage of that industry's or group's
usage in 1987. The first column of the table shows, for reference, electric power use
in billions of kilowatt hours as reported by manufacturing and mining industries in
the 1987 censuses of those industries. The supplementary group, "Total, less nuclear
nondefense," is shown separately because the nondefense nuclear material series
(part of SIC 2819) accounts for a disproportionately large part of total electric power
use. Because the value-added proportion for this industry in total IP is considerably
smaller than its share of total electric power use, excluding this component from total
power use facilitates comparisons with total IP.

Seasonal adjustment. Individual series are seasonally adjusted by the X-l 1 ARIMA
method, developed at Statistics Canada. For series based on production-worker
hours, the current seasonal factors were estimated with data through October 1995;
for other series, the factors were estimated with data through at least June 1995. In
some cases, series were preadjusted for the effects of holidays or the business cycle
before using X—11 ARIMA. The seasonally adjusted total index is calculated by
aggregating the seasonally adjusted major market groups, and may not precisely
equal an aggregation of the seasonally adjusted industry groups.

Release Schedule for 1996

Reliability. The average revision to the level of the total IP index, without regard to
sign, between the preliminary estimate and its third revision (or from the first and the

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




18