Full text of G.17 Industrial Production and Capacity Utilization : January 16, 1998

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FEDERAL RESERVE statistical release
G.17 (419)

For release at 9:15 a.m. (EST)
January 16, 1998

INDUSTRIAL PRODUCTION AND CAPACITY UTILIZATION

Industrial production rose 0.5 percent in December, with widespread increases among most major market
and industry groups. The overall gain in output was held back a bit by a decline in motor vehicle production, which had
been quite high in November. At 128.1 percent of its 1992 average, total industrial production in December was
5.9 percent higher than it was in December 1996. For the fourth quarter as a whole, industrial production grew
7.4 percent at an annual rate after an increase of 6.0 percent in the third quarter. The rate of industrial capacity utilization
edged up to 83.4 percent—its highest rate since September 1995.
Market Groups
The output of consumer goods rose 0.3 percent, although it was held down by a 2.5 percent reduction in the
output of automotive products. The output of other durable consumer goods, especially appliances, grew sharply for a
second consecutive month. The production of nondurable consumer goods increased 0.4 percent, largely as a result of an
(over)

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

Percent change

Industrial Production

1997
Sept.r

Oct.r

Nov.r

Dec.p

Total index
Previous estimates

125.6
125.7

126.5
126.4

127.5
127.3

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

119.1
114.5
144.4
120.4
136.1

120.0
115.4
145.4
121.3
136.9

Major industry groups:
Manufacturing
Durable
Nondurable
Mining
Utilities

128.0
144.4
111.3
106.5
115.1

128.9
145.4
112.0
106.2
116.7

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

Average
1967–97

1982
Low

1997
Sept.r

Oct.r

Nov.r

Dec.p

128.1

.3
.4

.7
.5

.8
.8

.5

5.9

120.8
116.3
147.1
122.6
138.3

121.2
116.6
147.8
123.4
139.3

–.1
–.1
–.1
–1.8
.9

.8
.8
.7
.7
.6

.7
.8
1.2
1.1
1.0

.3
.3
.4
.6
.7

4.6
2.6
10.3
3.9
8.0

130.5
147.8
112.7
105.8
114.5

131.1
148.8
113.1
106.1
114.9

.1
.1
.2
.1
1.9

.7
.7
.7
–.3
1.4

1.2
1.7
.6
–.4
–1.9

.5
.6
.4
.3
.4

6.5
10.0
2.5
3.1
1.9

Percent of capacity
1988–89
1996
1997
High
Dec.
Sept.r

Oct.r

Nov.r

Dec.p

Dec. 96 to
Dec. 97

Capacity
growth
Dec. 96 to
Dec. 97

82.1

71.1

85.4

82.5

82.7
82.8

83.0
82.9

83.3
83.2

83.4

4.7

81.1
80.5
82.4
87.5
87.3

69.0
70.4
66.2
80.3
75.9

85.7
84.2
88.9
88.0
92.6

81.5
79.7
85.7
87.6
89.8

81.6
79.7
85.7
90.1
90.8

81.8
80.0
85.7
89.8
92.0

82.4
80.6
86.3
89.5
90.1

82.5
80.6
86.7
89.7
90.3

5.3
6.3
3.4
.7
1.3

increase in energy products, mainly automotive gasoline. The output of nonenergy nondurable consumer goods, which
had been flat for most of the year, has picked up somewhat in recent months.
The output of business equipment increased 0.4 percent, with the most significant gain occurring in
information processing equipment. Although growth in the output of computers has decelerated recently, sharp gains for
instruments and communications equipment resulted in another sizable gain in the production of information processing
equipment in December. Among other major components of business equipment, the output of industrial equipment
posted a substantial rise. The production of transit equipment retreated somewhat from the high level in November, as
reduced production of motor vehicles outweighed a continued increase in aircraft production.
The production of construction supplies increased further and has risen nearly 4 percent over the past year.
Mainly reflecting another sizable gain in durable materials, the output of materials rose noticeably again in December.
Within this group, the output of parts for high-technology equipment and aircraft continued to increase rapidly. The
production of nondurable goods materials has improved in recent months. The output of energy materials, retracing most
of its decline in November, rose 0.5 percent.
Industry Groups
Factory output increased 0.5 percent in December, a slower pace than that of the two previous months.
Excluding motor vehicles and parts, however, growth in manufacturing output was about 0.8 percent in each of the past
three months. Within the durable and nondurable groups, most major industries posted gains in December. The main
exception was motor vehicles and parts. The output of durables rose 0.6 percent, with the strongest increases occurring in
aircraft, fabricated metal products, and electronic components. During the past twelve months, the output of durables has
increased 10 percent. Nondurables, which grew only about a quarter as much as durables over the past year, expanded
0.4 percent in December.
Capacity utilization for manufacturing edged up to 82.5 percent, its highest level since September 1995.
Utilization in advanced-processing industries remained at 80.6 percent, while utilization in primary-processing industries
climbed 0.4 percentage point, to 86.7 percent. Utilization in advanced-processing industries remained at about its
long-run average, while the rate in primary processing industries was 4 percentage points above its long-run average.
Higher operating rates for petroleum refining, primary metals, and fabricated metal products boosted the overall rate
among primary processors in December. The operating rates for mining and utilities increased slightly.

NOTICE
Capacity utilization and capacity data for the following three industry groups have been added to tables 3
and 4 of this release: semiconductors; computers, communications equipment, and semiconductors; and manufacturing
excluding computers, communications equipment, and semiconductors. The complete historical time series for these
industry groups are available through any of the normal channels for getting G.17 data: the Federal Reserve Board’s
World Wide Web site (http://www.bog.frb.fed.us), the Economic Bulletin Board of the Department of Commerce, and
diskettes from Publications Services at the Federal Reserve Board.

2

Industrial Production
(December data, seasonally adjusted)

Ratio scale, 1992 = 100

Ratio scale, 1992 = 100

Consumer goods

Intermediate Products

130

130

120

120

Durable

110

110

Construction supplies

Nondurable

100

Business supplies

100

90

90

80

80
1990

1992

1994

1996

1998

1990

1992

1994

Ratio scale, 1992 = 100

175
160
145

1996

1998

Ratio scale, 1992 = 100

Equipment

Materials

175
160
145

130

130
Durable goods

Business

115

115

100

100

Nondurable goods
and energy

85

85

Defense and Space

70

70
1990

1992

1994

1996

1998

1990

1994

1996

Capacity Utilization

Percent of capacity

Total industry

85

1992

1998
Percent of capacity

Manufacturing

85

80

80

75

75
1985

1990

1995

1985
3

1990

1995

Table 1A
INDUSTRIAL PRODUCTION: MARKET GROUPS
Index, 1992=100
1996
IP
Proportion1

Seasonally Adjusted
1997
July

100.00

Not seasonally adjusted

Aug.

Sept.r

Oct.r

Nov.r

Dec.p

1997
July

Aug.

Sept.r

Oct.r

Nov.r

Dec.p

124.5

125.2

125.6

126.5

127.5

128.1

122.8

128.5

128.8

128.1

126.6

125.7

59.91
45.26

118.1
119.2

119.2
120.5

119.1
120.3

120.0
121.1

120.8
122.2

121.2
122.6

117.4
117.1

123.4
124.2

123.6
124.5

122.4
123.3

119.7
121.0

118.7
120.3

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

28.48
5.95
2.57
1.60
.70
.90
.97
3.37
.95
.51
.44
.83
1.60
22.53
19.14
9.81
1.94
4.50
2.89
3.39
1.09
2.29

113.9
128.1
120.3
120.2
113.0
131.9
119.3
134.4
174.8
131.5
235.0
116.4
122.1
110.3
110.0
109.6
95.8
117.3
110.8
112.4
108.8
113.7

114.6
132.1
131.6
137.6
118.6
161.2
121.8
132.5
169.8
122.9
239.5
117.7
119.8
110.3
109.9
108.9
96.0
119.4
109.8
112.8
111.0
113.2

114.5
131.9
132.8
140.9
119.9
166.5
120.1
131.1
166.0
116.9
241.5
116.2
119.4
110.2
109.8
108.6
96.0
119.4
110.1
112.4
110.8
112.8

115.4
131.1
131.2
139.7
115.2
168.6
117.9
131.0
167.1
116.7
245.5
116.2
118.7
111.4
110.9
109.1
96.5
121.8
111.3
115.2
112.0
116.2

116.3
136.1
138.5
147.7
120.3
179.7
124.1
134.1
173.3
124.4
246.9
122.1
119.0
111.5
111.4
110.4
95.4
121.6
111.3
112.6
107.1
114.9

116.6
135.9
135.0
142.8
113.9
175.9
122.6
136.6
180.2
134.4
245.0
121.0
121.6
111.9
111.7
110.9
95.7
121.9
110.9
113.6
110.9
114.5

112.3
113.3
96.2
80.6
75.8
86.5
116.8
127.0
164.0
114.7
240.9
112.9
114.0
111.6
112.4
110.4
95.1
127.6
109.9
106.9
109.8
105.0

119.1
132.5
131.1
136.1
117.5
156.3
122.5
133.6
170.7
116.3
258.0
122.6
118.6
115.6
117.4
117.2
100.4
131.2
110.7
105.3
111.6
101.8

118.9
135.4
136.2
143.5
116.1
172.1
124.5
134.7
172.8
117.7
261.2
121.6
120.4
114.7
117.4
116.8
100.2
132.2
110.4
99.4
112.4
92.5

117.3
139.5
143.4
158.1
128.4
189.1
121.3
136.4
178.7
125.0
262.7
120.8
121.6
111.9
114.6
114.9
99.3
124.7
109.6
96.6
111.6
88.6

114.7
136.3
138.4
148.9
120.3
178.8
122.1
134.7
172.4
119.8
255.3
117.7
122.5
109.4
109.5
109.2
94.9
116.2
111.0
109.4
111.3
108.0

114.4
127.8
120.7
121.6
96.7
147.5
117.9
133.5
166.9
119.0
239.9
114.8
124.0
110.9
107.0
104.7
92.7
116.0
112.1
134.0
115.3
142.6

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

16.78
13.59
5.36
1.04
4.50
2.39
1.30
1.34
2.20
.77
.22

128.6
141.6
169.3
391.6
133.7
106.9
111.5
136.3
74.9
152.1
143.5

130.9
144.6
171.1
407.1
135.8
113.3
120.3
137.9
75.0
153.2
139.5

130.6
144.4
172.9
414.6
133.8
114.2
120.2
135.1
74.7
153.1
137.2

131.3
145.4
174.2
419.6
136.0
112.8
117.0
137.2
74.7
149.7
136.9

132.5
147.1
174.7
423.0
136.4
118.0
124.6
137.7
75.1
147.0
138.1

133.1
147.8
176.8
425.9
137.5
117.2
117.6
136.1
75.2
147.8
137.9

125.6
138.0
175.0
427.4
132.3
91.1
79.5
127.3
73.2
155.5
128.9

133.2
147.7
176.8
426.2
138.8
112.7
121.7
140.8
74.0
155.3
153.1

134.5
149.2
179.6
432.9
139.8
113.9
120.9
141.1
74.8
155.8
145.9

133.9
148.5
175.7
421.6
137.5
118.9
130.7
141.9
74.8
152.7
152.8

132.2
146.3
174.2
412.5
134.5
118.3
124.8
136.9
75.9
151.0
134.6

130.9
144.1
177.6
417.8
133.1
110.3
100.1
129.8
77.4
155.4
115.3

14.65
5.69
8.96

114.6
121.2
110.6

115.3
122.7
111.0

115.2
120.4
112.2

116.4
121.3
113.5

116.6
122.6
113.1

117.2
123.4
113.5

117.9
123.8
114.4

121.0
128.2
116.8

120.9
127.7
116.9

119.6
127.3
115.1

116.0
122.3
112.3

114.0
117.0
112.2

40.09

134.9

134.9

136.1

136.9

138.3

139.3

131.5

136.4

137.0

137.1

137.6

136.9

22.52
4.34
8.15
10.02
3.26
8.91
.93
1.87
4.20
1.91
8.66
5.65
3.02

159.3
139.2
224.6
125.9
121.1
113.5
112.3
113.8
115.1
110.1
104.6
102.3
109.0

160.3
140.3
227.6
126.0
121.8
112.3
108.4
114.3
113.9
108.6
103.9
102.4
106.8

161.3
140.7
229.6
126.6
121.7
113.3
111.4
112.7
115.6
109.5
105.5
102.2
111.8

163.2
141.7
233.3
127.8
122.5
113.2
112.0
114.6
114.7
109.0
105.3
101.8
111.9

166.0
145.4
238.1
129.2
124.9
114.3
111.3
115.3
114.8
114.0
104.5
101.0
111.2

167.4
144.9
241.8
130.3
125.3
114.8
112.5
115.3
116.0
112.8
105.0
101.4
111.9

152.6
115.1
221.5
124.8
117.4
111.6
105.0
112.9
113.9
108.3
105.7
101.5
113.7

162.1
144.0
226.6
128.3
119.6
112.7
110.8
115.2
113.4
109.8
105.9
102.4
112.4

164.2
142.8
231.3
130.3
123.0
113.7
110.7
112.2
116.4
110.7
103.3
100.3
109.3

165.2
147.6
232.8
129.7
122.6
114.8
114.4
114.2
114.5
116.1
101.0
98.1
106.6

165.6
144.6
239.7
128.2
124.2
113.5
110.8
114.9
113.5
113.5
103.3
100.4
108.9

163.9
129.6
247.3
127.4
123.7
110.3
102.8
112.3
112.4
107.5
106.8
102.8
114.6

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

97.09
94.85
98.43
95.08

124.8
124.3
122.0
115.8

125.1
124.6
122.6
116.3

125.4
124.8
122.9
116.6

126.4
125.8
123.7
117.3

127.2
126.6
124.8
118.2

128.1
127.5
125.4
118.6

124.1
124.3
120.1
114.0

128.4
127.8
125.7
119.4

128.7
128.2
126.0
119.6

127.6
126.9
125.3
118.9

126.3
125.6
123.9
117.2

126.1
126.0
123.0
116.1

Consumer goods excluding:
Autos and trucks
Energy

26.87
25.09

113.5
114.1

113.4
114.9

113.0
114.7

114.0
115.4

114.7
116.8

115.2
117.0

113.7
113.0

118.1
120.9

117.5
121.5

115.2
120.1

112.9
115.3

113.9
111.6

Business equipment excluding:
Autos and trucks
Computer and office equipment

12.29
12.55

145.2
128.6

147.5
131.2

147.3
130.8

148.9
131.7

149.8
133.3

151.4
133.9

145.3
124.1

150.8
133.5

152.6
134.9

150.5
134.5

148.8
132.6

149.5
130.3

Materials excluding:
Energy

31.43

144.6

144.8

145.8

147.0

149.2

150.4

139.5

146.1

147.9

148.9

148.7

146.5

Item
Total index
Products, total
Final products

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

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

4

Table 1B
INDUSTRIAL PRODUCTION: MARKET GROUPS
Percent change

Item

1995 Q4
to
1996 Q4

Seasonally adjusted
annual rate
1997
Q1
Q2
Q3r
Q4p

Seasonally adjusted
1997
Sept.r Oct.r Nov.r Dec.p

Not seasonally adjusted
1997
Sept.r Oct.r Nov.r Dec.p

Dec. 96
to
Dec. 97

Total index

4.2

5.2

4.6

6.0

7.4

.3

.7

.8

.5

.3

–.6

–1.2

–.7

5.9

Products, total
Final products

3.9
4.0

3.9
4.0

3.6
3.7

4.4
5.6

6.5
6.6

–.1
–.2

.8
.7

.7
.9

.3
.3

.2
.2

–1.0
–1.0

–2.2
–1.9

–.8
–.6

4.6
4.9

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

2.4
3.4
1.6
1.6
–3.8
8.0
1.3
4.8
8.0
1.8
15.3
5.4
2.5
2.1
2.0
1.9
–4.1
4.6
2.4
2.8
3.3
2.6

.9
9.1
15.8
20.2
14.6
23.6
8.6
4.2
.5
1.2
–.3
–2.2
10.0
–1.2
.9
3.7
–3.7
–.7
–2.9
–12.6
–2.3
–17.3

1.4
–2.1
–11.3
–20.9
–15.8
–24.9
6.6
5.5
6.6
–5.3
21.4
10.0
2.6
2.4
1.1
–2.6
–.6
6.4
6.9
10.5
15.7
8.0

2.6
6.6
12.5
18.2
22.9
14.6
4.2
2.3
12.2
–4.8
38.8
–3.5
.4
1.6
1.2
1.1
.1
–.6
4.8
3.9
–2.2
7.0

6.4
11.6
22.3
35.6
–2.3
69.2
3.8
3.7
8.1
4.5
12.4
10.8
–2.0
5.1
5.2
4.2
–.3
10.7
3.4
4.6
–.6
7.2

–.1
–.2
.9
2.4
1.0
3.3
–1.4
–1.1
–2.2
–4.8
.9
–1.3
–.3
–.1
–.1
–.2
.1
.0
.2
–.3
–.3
–.3

.8
–.6
–1.2
–.8
–3.9
1.3
–1.8
–.1
.6
–.2
1.6
.0
–.6
1.2
.9
.5
.5
2.0
1.1
2.4
1.1
3.1

.8
3.8
5.5
5.7
4.5
6.6
5.2
2.4
3.7
6.6
.6
5.1
.3
.1
.5
1.2
–1.1
–.1
.0
–2.2
–4.4
–1.2

.3
–.1
–2.5
–3.4
–5.3
–2.1
–1.1
1.9
4.0
8.1
–.8
–.9
2.2
.4
.3
.5
.3
.2
–.4
.9
3.5
–.4

–.2
2.2
4.0
5.4
–1.2
10.1
1.7
.8
1.2
1.2
1.2
–.8
1.5
–.8
.0
–.3
–.1
.7
–.3
–5.7
.7
–9.1

–1.3
3.0
5.3
10.2
10.5
9.9
–2.6
1.2
3.4
6.1
.6
–.6
1.0
–2.4
–2.4
–1.6
–.9
–5.6
–.7
–2.8
–.7
–4.1

–2.2
–2.3
–3.5
–5.8
–6.3
–5.5
.7
–1.2
–3.5
–4.1
–2.8
–2.6
.7
–2.2
–4.5
–5.0
–4.5
–6.9
1.3
13.3
–.3
21.8

–.3
–6.2
–12.8
–18.3
–19.6
–17.5
–3.5
–.8
–3.2
–.7
–6.0
–2.5
1.2
1.4
–2.2
–4.1
–2.3
–.2
.9
22.4
3.5
32.1

2.6
5.8
7.2
7.2
1.5
10.5
7.3
4.8
8.6
1.4
17.9
5.7
2.4
1.8
1.9
1.3
–.2
3.3
2.7
1.4
4.3
.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

6.7
8.2
11.8
37.4
.0
19.1
.0
4.8
–1.5
7.0
–.9

9.4
10.7
10.5
30.9
2.5
21.6
19.0
20.4
–4.8
31.5
5.4

7.6
8.3
12.6
32.9
4.5
3.0
–16.2
13.6
.3
15.9
6.0

10.6
13.5
16.4
48.3
9.0
21.4
14.0
3.4
–4.2
4.8
–3.5

7.0
9.4
10.1
19.4
6.7
17.4
8.4
1.7
.6
–11.6
–6.8

–.2
–.1
1.0
1.8
–1.4
.8
–.1
–2.0
–.5
–.1
–1.7

.5
.7
.8
1.2
1.6
–1.2
–2.6
1.6
.0
–2.2
–.2

.9
1.2
.3
.8
.4
4.6
6.5
.4
.5
–1.8
.8

.4
.4
1.2
.7
.8
–.7
–5.6
–1.2
.2
.6
–.1

.9
1.1
1.6
1.6
.7
1.1
–.6
.2
1.0
.3
–4.7

–.4
–.5
–2.2
–2.6
–1.7
4.4
8.1
.6
.1
–2.0
4.8

–1.3
–1.5
–.8
–2.2
–2.1
–.5
–4.6
–3.5
1.4
–1.1
–11.9

–1.0
–1.5
1.9
1.3
–1.1
–6.7
–19.8
–5.2
2.1
2.9
–14.3

8.7
10.3
12.6
30.9
6.3
14.9
2.4
5.6
–1.3
9.8
7.7

3.7
5.8
2.4

3.7
3.4
3.9

3.1
3.3
2.9

1.0
–2.0
2.9

6.0
3.3
7.8

–.1
–1.8
1.1

1.0
.7
1.2

.2
1.1
–.3

.4
.6
.3

–.1
–.4
.1

–1.1
–.3
–1.5

–3.0
–4.0
–2.4

–1.7
–4.3
–.1

3.7
3.9
3.6

4.7

7.2

6.1

8.4

8.7

.9

.6

1.0

.7

.4

.1

.3

–.5

8.0

6.7
.1
14.9
3.0
2.6
3.7
.9
2.9
6.1
.6
.4
–1.0
3.0

9.9
5.5
23.2
1.2
.2
5.8
–1.8
8.1
6.5
5.8
1.6
4.2
–3.0

10.8
–.4
23.1
5.4
8.0
.1
2.8
1.5
–1.9
2.1
–.2
–1.1
1.6

12.1
12.5
20.9
4.8
5.2
2.8
11.0
5.7
2.0
–1.9
4.4
2.7
7.5

13.7
11.7
19.8
9.7
9.1
3.9
4.4
5.2
.9
9.4
1.0
–3.3
9.3

.6
.3
.9
.5
.0
.9
2.8
–1.4
1.5
.8
1.5
–.2
4.7

1.2
.8
1.6
.9
.6
–.1
.5
1.6
–.8
–.5
–.2
–.3
.1

1.7
2.5
2.1
1.1
1.9
1.0
–.7
.6
.1
4.5
–.7
–.8
–.6

.9
–.3
1.5
.8
.3
.4
1.1
.0
1.0
–1.0
.5
.3
.7

1.3
–.9
2.1
1.6
2.8
.9
–.1
–2.6
2.7
.8
–2.4
–2.1
–2.8

.6
3.4
.6
–.5
–.2
.9
3.3
1.8
–1.6
4.8
–2.2
–2.1
–2.4

.2
–2.0
3.0
–1.1
1.2
–1.1
–3.1
.6
–.9
–2.2
2.2
2.3
2.1

–1.0
–10.4
3.2
–.6
–.3
–2.8
–7.2
–2.2
–1.0
–5.3
3.4
2.4
5.2

12.2
7.9
21.8
6.0
6.4
3.0
6.0
4.1
1.7
3.5
2.2
.9
4.6

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

4.3
4.5
3.7
2.9

4.8
4.7
4.8
3.4

5.4
5.4
4.1
2.7

5.7
5.3
5.4
4.2

7.0
6.8
7.2
6.3

.2
.2
.2
.2

.8
.8
.7
.6

.7
.6
.8
.7

.6
.7
.5
.4

.2
.3
.2
.2

–.9
–1.0
–.5
–.6

–1.0
–1.0
–1.2
–1.4

–.1
.3
–.7
–.9

6.0
5.8
5.5
4.3

Consumer goods excluding:
Autos and trucks
Energy

2.4
2.3

–.2
2.8

3.0
.3

1.8
2.4

4.9
6.6

–.3
–.1

.9
.6

.5
1.2

.5
.2

–.5
.5

–2.0
–1.2

–2.0
–3.9

.9
–3.2

2.4
2.8

Business equipment excluding:
Autos and trucks
Computer and office equipment

9.2
5.7

9.9
9.0

11.2
6.2

13.5
11.1

9.6
8.7

–.1
–.3

1.1
.7

.6
1.2

1.1
.4

1.2
1.0

–1.4
–.3

–1.1
–1.4

.5
–1.7

11.1
8.6

Materials excluding:
Energy

5.8

8.7

7.8

9.4

10.9

.7

.8

1.5

.7

1.2

.7

–.2

–1.5

9.5

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

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

5

Table 2A
INDUSTRIAL PRODUCTION: INDUSTRY GROUPS
Index, 1992=100
1996
IP
SIC Proportion1

Seasonally Adjusted

100.00

Not seasonally adjusted

Aug.

Sept.r

Oct.r

Nov.r

Dec.p

1997
July

Aug.

Sept.r

Oct.r

Nov.r

Dec.p

124.5

125.2

125.6

126.5

127.5

128.1

122.8

128.5

128.8

128.1

126.6

125.7

85.91

126.9

127.9

128.0

128.9

130.5

131.1

124.7

131.5

132.6

132.1

129.7

127.1

Primary processing
Advanced processing

27.60
58.31

118.3
131.2

118.5
132.5

118.6
132.7

119.0
133.9

120.2
135.6

121.0
136.2

116.6
128.8

120.1
137.2

121.2
138.3

121.1
137.6

119.7
134.7

117.7
131.7

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

46.12
2.09
1.37
2.20

142.4
116.1
124.2
120.9

144.3
115.4
121.1
120.5

144.4
113.3
122.0
121.2

145.4
112.5
122.6
121.5

147.8
115.2
124.5
123.2

148.8
114.8
124.7
124.1

136.4
114.3
122.4
121.8

146.3
119.6
129.8
125.2

148.1
118.7
129.0
125.4

148.7
119.0
124.0
126.0

147.5
113.4
123.3
123.0

144.7
108.6
122.4
118.1

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

3.40
1.84
.09
1.55
5.27

125.2
122.2
115.5
128.8
122.4

125.5
121.8
116.1
129.9
122.8

125.9
124.5
119.2
127.7
122.7

127.4
126.5
117.7
128.5
124.2

128.5
127.9
120.9
129.3
125.4

129.6
128.8
121.5
130.6
127.1

119.7
117.7
110.6
122.0
121.3

122.7
118.3
112.2
128.0
126.2

127.3
125.6
118.1
129.3
127.7

127.7
127.0
117.2
128.5
126.5

127.7
126.6
119.4
129.0
126.0

126.1
124.6
118.7
127.8
126.7

8.66
1.57
8.42
3.35

172.2
388.5
235.5
499.0

175.9
403.9
236.8
511.3

173.7
412.0
237.5
515.5

176.3
417.5
240.8
527.6

177.5
421.4
247.0
547.1

179.3
424.8
251.5
564.0

171.5
424.0
231.1
490.1

178.5
422.9
238.8
507.4

180.8
430.2
242.5
517.0

178.7
419.6
243.9
526.9

174.4
411.0
249.3
552.5

172.8
416.7
253.5
576.7

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

372–6,9
38
39

8.62
5.15
2.62
3.47
4.76
1.34

112.2
130.0
115.0
94.6
108.0
127.0

117.0
138.9
129.5
95.5
109.2
126.7

118.8
141.2
132.3
96.8
108.9
126.1

118.2
139.6
130.4
97.2
109.7
126.5

122.2
146.9
137.6
98.0
110.2
125.2

121.0
141.6
132.6
100.6
110.4
127.1

92.8
92.0
77.3
92.8
109.4
121.7

117.5
141.4
128.4
94.1
111.4
127.1

118.8
141.7
133.9
96.3
112.1
129.0

124.2
152.5
147.6
96.7
110.0
130.3

122.3
146.6
138.9
98.6
109.5
129.5

111.9
120.4
113.1
103.0
110.7
128.3

20
21
22
23
26

39.79
9.41
1.29
1.56
1.89
3.48

110.9
110.0
110.5
110.7
99.7
114.2

111.0
108.9
112.5
110.7
99.1
114.4

111.3
108.6
112.0
111.4
99.1
113.7

112.0
109.3
113.6
111.7
99.3
114.0

112.7
111.0
111.9
112.9
98.8
116.3

113.1
111.1
115.0
113.1
100.0
116.1

112.3
112.5
94.3
107.6
97.5
113.0

116.2
115.8
123.7
114.6
102.1
115.4

116.5
116.9
115.0
114.0
102.2
113.4

115.1
114.8
124.1
117.3
101.1
115.7

111.6
110.8
110.1
110.1
99.3
115.1

109.1
107.9
93.4
101.1
100.1
112.0

27
28
29
30
31

6.49
9.97
1.83
3.68
.19

104.1
114.3
108.9
126.0
74.0

104.4
114.5
109.7
127.9
71.2

105.1
115.6
110.1
127.6
70.9

106.7
116.1
111.2
127.4
72.4

107.4
115.8
108.8
129.7
70.8

106.8
116.6
110.9
130.2
70.3

108.3
118.6
113.4
121.8
69.8

111.0
119.8
114.4
129.2
72.4

111.5
121.7
114.3
129.3
72.7

109.4
117.6
111.7
129.4
73.5

107.3
112.6
110.3
129.7
71.8

104.7
111.6
111.3
129.4
70.2

10
12
13
14

6.41
.44
.87
4.51
.60

106.5
105.2
112.1
103.9
117.8

106.3
106.0
107.7
104.1
119.9

106.5
105.3
109.5
104.3
117.7

106.2
111.1
109.6
103.4
117.5

105.8
113.7
111.2
102.4
117.6

106.1
111.3
115.9
101.9
119.6

106.5
106.5
104.0
103.0
135.9

108.0
107.8
111.3
103.1
140.3

108.3
108.3
112.1
103.7
137.3

107.9
109.7
111.6
103.2
137.8

107.0
111.9
110.0
104.3
117.7

106.0
111.0
111.7
104.7
100.2

491,3pt
492,3pt

7.68
6.08
1.60

113.8
113.8
113.5

113.0
113.1
112.5

115.1
115.7
112.7

116.7
117.2
114.9

114.5
114.5
114.3

114.9
114.5
116.2

114.8
128.9
62.0

112.6
126.5
60.0

105.8
118.0
60.0

101.9
107.9
79.8

109.1
106.0
122.1

125.9
114.4
171.8

Computers, communications eq. and
semiconductors

6.92

357.4

364.0

369.3

374.9

383.7

391.9

360.2

366.9

374.8

376.5

387.2

400.9

Manufacturing excluding:
Motor vehicles and parts
Computer and office equipment
Computers and semiconductors
Computers, communications eq. and
semiconductors

80.76
84.33
80.99

126.7
123.9
116.7

127.2
124.8
117.5

127.3
124.9
117.5

128.3
125.8
118.3

129.5
127.3
119.5

130.5
127.9
120.0

126.7
121.5
114.5

131.0
128.3
121.0

132.0
129.3
121.8

130.9
128.9
121.4

128.7
126.6
118.8

127.5
123.9
116.0

78.99

115.6

116.3

116.4

117.1

118.4

118.8

113.4

119.9

120.7

120.3

117.6

114.5

11.0
5.8
5.2
4.9
0.3

12.3
6.1
6.2
5.9
0.3

12.5
6.1
6.4
6.1
0.3

12.3
5.9
6.5
6.2
0.3

13.0
6.1
6.9
6.6
0.3

12.5
5.8
6.7
6.4
0.3

7.8
4.1
3.7
3.4
0.3

11.7
5.8
5.9
5.6
0.3

12.7
6.0
6.7
6.4
0.3

14.6
7.0
7.7
7.4
0.3

12.0
5.7
6.3
6.0
0.3

11.2
5.2
6.0
5.7
0.3

Item
Total index
Manufacturing

37
371

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

1997
July

SPECIAL AGGREGATES

Memo: Motor vehicle assemblies2
Total
Autos
Trucks
Light
Heavy and medium

1. The IP proportion data are estimates of the industries’ relative contributions to overall IP growth in the following year.
2. Millions of units at an annual rate.
Note—Primary processing manufacturing includes textile mill products, paper and products, industrial chemicals, synthetic materials, and fertilizers,
petroleum products, rubber and plastics products, lumber and products, primary metals, fabricated metals, and stone, clay, and glass products.
Advanced processing manufacturing includes foods, tobacco products, apparel products, printing and publishing, chemical products and other agricultural
chemicals, leather and products, furniture and fixtures, industrial machinery and equipment, electrical machinery, transportation equipment, instruments,
and miscellaneous manufactures.

6

Table 2B
INDUSTRIAL PRODUCTION: INDUSTRY GROUPS
Percent change

Item

SIC

1996 Q4
to
1997 Q4

Seasonally adjusted
annual rate
1997
Q1
Q2
Q3r
Q4p

Seasonally adjusted
1997
Sept.r Oct.r Nov.r Dec.p

Not seasonally adjusted
1997
Sept.r Oct.r Nov.r Dec.p

Dec. 96
to
Dec. 97

Total index

5.8

5.2

4.6

6.0

7.4

.3

.7

.8

.5

.3

–.6

–1.2

–.7

5.9

Manufacturing

6.4

6.2

4.9

6.1

8.3

.1

.7

1.2

.5

.8

–.3

–1.8

–2.0

6.5

3.8
7.6

3.4
7.6

3.7
5.4

2.6
7.8

5.4
9.6

.1
.1

.3
.9

1.0
1.3

.7
.4

.9
.7

–.1
–.5

–1.2
–2.1

–1.6
–2.2

4.6
7.4

9.6
1.6
3.7
5.3

9.4
4.2
2.7
8.8

8.1
10.8
10.7
3.3

10.1
–5.1
–3.2
2.4

10.6
–2.7
5.0
6.9

.1
–1.9
.8
.6

.7
–.7
.5
.2

1.7
2.4
1.5
1.4

.6
–.3
.2
.8

1.2
–.7
–.6
.2

.4
.2
–3.9
.5

–.8
–4.7
–.6
–2.4

–1.9
–4.2
–.7
–4.0

10.0
4.2
4.2
6.7

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

24
25
32

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

6.2
6.7
8.0
5.5
4.0

–.4
–.8
5.8
.1
2.3

9.9
10.9
8.7
8.7
2.9

5.7
.8
6.5
11.8
1.0

9.8
17.0
11.0
2.0
10.0

.4
2.2
2.6
–1.7
–.1

1.2
1.6
–1.2
.6
1.2

.9
1.1
2.7
.6
1.0

.8
.7
.5
1.0
1.3

3.7
6.2
5.2
1.1
1.2

.3
1.1
–.7
–.6
–.9

.0
–.3
1.8
.4
–.4

–1.3
–1.6
–.6
–.9
.5

7.6
9.2
8.1
5.7
5.4

11.3
34.4
18.7
40.2

11.2
32.7
18.0
46.2

10.8
34.9
20.0
41.4

14.3
50.2
19.0
40.3

8.9
21.2
17.7
33.0

–1.3
2.0
.3
.8

1.5
1.3
1.4
2.3

.7
.9
2.6
3.7

1.0
.8
1.8
3.1

1.3
1.7
1.6
1.9

–1.2
–2.5
.6
1.9

–2.4
–2.0
2.2
4.9

–.9
1.4
1.7
4.4

11.1
32.8
19.5
40.1

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

372–6,9
38
39

11.6
10.9
9.6
12.7
3.9
4.1

14.0
15.8
19.0
11.5
2.1
11.4

–.1
–8.9
–20.2
13.4
3.2
3.1

17.2
20.5
19.0
12.7
5.1
3.3

16.3
18.8
27.9
13.1
5.2
–1.0

1.5
1.6
2.1
1.4
–.2
–.4

–.5
–1.1
–1.4
.4
.7
.3

3.4
5.3
5.5
.8
.5
–1.1

–1.0
–3.6
–3.7
2.6
.1
1.5

1.1
.2
4.2
2.4
.7
1.4

4.5
7.6
10.2
.3
–1.9
1.0

–1.5
–3.9
–5.9
2.0
–.5
–.6

–8.5
–17.9
–18.5
4.5
1.1
–.9

10.9
8.8
6.0
13.8
3.8
3.0

20
21
22
23
26

2.7
2.0
.6
5.1
–1.6
4.9

2.5
4.6
.9
.6
–3.7
6.1

1.2
–1.9
–6.6
4.4
–1.2
1.8

1.5
.4
1.9
9.3
–1.8
6.9

5.6
5.0
6.8
6.0
.3
4.9

.2
–.2
–.4
.6
.0
–.6

.7
.6
1.5
.3
.2
.3

.6
1.6
–1.5
1.1
–.6
2.0

.4
.1
2.8
.2
1.3
–.1

.3
1.0
–7.0
–.5
.2
–1.7

–1.2
–1.8
7.9
2.9
–1.2
2.0

–3.0
–3.5
–11.3
–6.1
–1.7
–.4

–2.2
–2.6
–15.1
–8.2
.8
–2.7

2.5
1.9
–1.1
6.8
.0
3.9

27
28
29
30
31

3.9
2.0
2.6
4.1
–7.8

1.6
2.2
.8
1.9
–4.4

3.7
1.0
12.7
1.7
–6.5

.9
.1
–5.0
6.6
–15.3

9.6
4.8
2.9
6.4
–4.8

.7
.9
.4
–.3
–.3

1.5
.4
1.0
–.1
2.1

.7
–.2
–2.1
1.8
–2.2

–.6
.7
1.9
.4
–.7

.5
1.6
.0
.1
.4

–1.8
–3.3
–2.3
.0
1.1

–2.0
–4.3
–1.2
.3
–2.4

–2.4
–.9
.9
–.2
–2.2

3.5
1.5
3.9
4.4
–9.5

10
12
13
14

2.3
5.2
4.2
2.0
.4

7.1
–1.8
2.2
8.7
10.2

1.9
3.9
5.0
2.4
–6.6

1.8
–5.6
.6
3.0
–.7

–1.5
27.0
9.2
–5.8
–.6

.1
–.6
1.7
.2
–1.9

–.3
5.5
.0
–.9
–.1

–.4
2.3
1.5
–1.0
.1

.3
–2.1
4.2
–.4
1.7

.3
.5
.7
.6
–2.1

–.3
1.3
–.5
–.6
.3

–.8
2.0
–1.5
1.1
–14.6

–.9
–.8
1.6
.4
–14.9

3.1
3.8
7.1
2.3
3.5

491,3pt
492,3pt

2.3
2.6
1.1

–6.8
–3.5
–18.7

3.3
–.9
21.0

8.3
11.1
–2.0

5.0
4.2
8.0

1.9
2.3
.2

1.4
1.3
1.9

–1.9
–2.3
–.5

.4
.0
1.7

–6.0
–6.7
–.1

–3.7
–8.5
33.1

7.0
–1.8
52.9

15.4
7.9
40.7

1.9
1.8
2.3

Computers, communications eq. and
semiconductors

30.4

31.8

31.9

34.2

23.8

1.4

1.5

2.4

2.1

2.2

.5

2.8

3.5

30.2

Manufacturing excluding:
Motor vehicles and parts
Computer and office equipment
Computers and semiconductors
Computers, communications eq. and
semiconductors

6.1
5.9
4.5

5.6
5.7
4.1

5.8
4.3
2.7

5.2
5.4
4.0

7.6
8.1
7.1

.0
.1
.1

.8
.7
.6

.9
1.2
1.1

.8
.5
.4

.8
.8
.7

–.8
–.3
–.4

–1.7
–1.8
–2.1

–1.0
–2.1
–2.4

6.4
6.0
4.6

4.3

4.0

2.4

3.7

7.0

.0

.6

1.1

.4

.7

–.4

–2.2

–2.6

4.4

37
371

Nondurable
Foods
Tobacco products
Textile mill products
Apparel products
Paper and products
Printing and publishing
Chemicals and products
Petroleum products
Rubber and plastics products
Leather and products
Mining
Metal mining
Coal mining
Oil and gas extraction
Stone and earth minerals
Utilities
Electric
Gas
SPECIAL AGGREGATES

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

7

Table 3
CAPACITY UTILIZATION: MANUFACTURING, MINING, AND UTILITIES
Percent of capacity, seasonally adjusted
1996
Proportion

19671996
Ave.

1973
High

19781980
High

1982
Low

19881989
High

19901991
Low

1996
Dec.

1997
July

Aug.

Sept.r

Oct.r

Nov.r

Dec.p

Total industry

100.00

82.1

89.2

87.3

71.1

85.4

78.1

82.5

82.6

82.8

82.7

83.0

83.3

83.4

Manufacturing

87.25

81.1

88.5

86.9

69.0

85.7

76.6

81.5

81.5

81.8

81.6

81.8

82.4

82.5

Primary processing
Advanced processing

26.51
60.74

82.3
80.5

91.2
87.2

88.1
86.7

66.2
70.4

88.9
84.2

77.7
76.1

85.7
79.7

86.0
79.6

85.8
80.0

85.7
79.7

85.7
80.0

86.3
80.6

86.7
80.6

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

47.47
2.03
1.39
2.22

79.4
82.6
81.6
78.1

89.2
88.7
96.8
88.8

87.7
87.9
85.5
88.0

63.9
60.8
68.9
64.3

84.6
93.6
86.6
83.5

73.1
75.5
72.5
69.7

80.4
80.8
80.8
80.8

80.8
83.2
81.5
82.2

81.4
82.5
79.2
81.7

81.0
80.7
79.5
81.9

81.0
79.9
79.6
81.8

81.9
81.5
80.5
82.7

81.8
81.0
80.3
83.1

3.07
1.68
.08
1.39
.07
.12

80.8
80.7
80.6
81.2
74.3
88.5

100.2
105.8
102.7
90.8
93.4
95.7

94.2
95.8
95.8
91.1
81.5
97.6

45.1
37.0
35.2
60.1
42.1
58.6

92.7
95.2
92.7
89.3
86.3
100.4

73.7
71.8
71.5
74.2
73.5
97.3

90.0
88.5
89.5
91.9
88.7
85.4

91.5
89.7
88.9
93.8
96.4
85.8

91.4
89.1
88.9
94.3
96.2
85.9

91.5
90.8
90.8
92.5
92.7
85.6

92.3
92.0
89.2
92.8
92.1
86.5

92.8
92.8
91.1
93.1
93.8
86.2

93.3
93.1
91.1
93.7

Fabricated metal products
34
Industrial machinery
and equipment
35
Computer and office equip.
357
Electrical machinery
36
Semiconductors
3672–9

5.30

77.9

87.8

83.9

63.7

82.0

71.9

80.2

79.1

78.9

78.6

79.2

79.7

80.4

8.49
1.79
8.71
3.73

81.3
81.0
81.0
79.6

96.0
90.9
89.2
95.6

93.2
92.6
89.4
91.7

64.0
65.5
71.6
75.7

85.4
86.9
84.0
81.0

72.3
66.9
75.0
75.5

85.0
81.9
82.0
84.3

85.0
81.4
82.7
86.8

86.1
82.2
81.9
86.6

84.2
81.5
81.0
85.0

84.7
80.3
80.9
84.7

84.5
78.7
81.8
85.5

84.6
77.1
82.1
85.8

Transportation equipment
Motor vehicles and parts
Autos and light trucks1
Aerospace and misc.
Instruments
Miscellaneous

75.8
76.6

86.1
93.4

372–6,9
38
39

9.92
5.74
2.79
4.18
4.94
1.40

75.1
81.7
75.2

78.4
89.9
82.9

84.8
95.0
94.6
81.9
92.7
79.4

57.2
45.5
40.6
66.6
78.4
65.4

85.8
89.1
92.3
87.3
81.4
79.0

68.5
55.9
53.3
79.2
77.2
71.7

72.5
72.6
78.5
72.2
79.6
80.4

73.1
70.7
71.2
76.4
80.1
81.2

76.0
75.2
80.1
76.9
80.8
80.8

77.0
76.2
81.6
77.9
80.5
80.2

76.4
75.0
80.3
78.1
80.9
80.3

78.7
78.7
84.6
78.6
81.2
79.2

77.7
75.6
81.3
80.5
81.2
80.2

20
22
23
26
261–3
27

39.78
9.51
1.55
1.99
3.36
1.50
6.55

83.4
83.0
85.5
81.2
89.3
92.4
85.8

87.8
86.0
91.4
84.2
97.1
97.2
89.7

87.5
84.6
91.2
87.5
96.1
98.3
93.9

76.4
79.1
72.3
77.5
80.6
82.0
82.0

87.3
85.4
90.4
85.1
93.5
98.0
91.7

80.7
82.7
77.7
75.5
85.0
89.9
79.6

82.9
81.2
81.4
76.1
89.7
93.3
81.5

82.3
80.8
84.2
75.8
90.8
93.8
81.9

82.2
79.8
84.1
75.4
90.8
94.7
82.1

82.3
79.5
84.5
75.4
90.1
94.0
82.6

82.7
79.9
84.6
75.6
90.2
95.3
83.8

83.0
81.0
85.4
75.1
91.8
95.9
84.3

83.2
80.9
85.4
76.1
91.5

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

10.44
.78
.34
1.59
3.42
.22

79.5
86.5
85.0
86.3
84.8
81.2

87.6
102.0
93.8
96.7
95.5
81.3

84.6
90.9
98.6
90.0
91.2
92.1

69.9
63.4
64.4
66.8
72.7
75.8

86.2
97.0
99.7
88.5
89.6
83.3

79.3
74.8
77.6
85.1
77.4
76.1

80.3
93.9
93.1
93.8
88.1
71.8

78.4
94.4
90.9
94.7
86.8
69.5

78.3
92.0
85.8
95.2
87.9
67.0

78.8
93.6
89.4
95.4
87.3
67.0

78.9
91.2
87.9
96.2
87.0
68.5

78.5

78.8

84.0
94.1
88.2
67.2

95.7
88.3
66.8

10
12
13
138
14

5.88
.42
.84
4.06
.75
.56

87.5
78.6
86.9
88.5
73.8
84.8

94.3
89.6
91.0
96.9
93.0
95.0

96.0
87.9
99.4
97.3
104.3
92.7

80.3
44.4
76.6
82.3
50.9
63.3

88.0
89.4
91.5
88.2
69.3
89.0

87.0
79.9
83.4
88.7
60.0
79.4

87.6
91.1
86.5
87.8
77.4
84.9

90.3
89.1
88.7
91.4
86.9
84.5

90.0
89.7
85.1
91.6
87.4
85.7

90.1
89.1
86.5
91.8
87.3
83.9

89.8
93.9
86.4
91.0
85.2
83.5

89.5
95.9
87.5
90.1
83.6
83.3

89.7
93.8
91.1
89.7
84.0
84.5

491,3pt
492,3pt

6.87
5.37
1.51

87.2
89.1
82.4

96.2
99.0
94.1

89.1
88.2
93.7

75.9
78.9
69.1

92.6
95.0
85.0

83.4
87.1
67.1

89.8
90.8
84.8

89.9
91.2
83.8

89.2
90.5
83.0

90.8
92.5
83.0

92.0
93.6
84.5

90.1
91.3
83.9

90.3
91.3
85.2

7.59

80.1

84.0

90.9

77.3

81.9

72.4

81.3

82.5

82.3

81.6

81.1

81.2

81.1

79.66

81.1

88.8

87.0

68.0

86.1

76.8

81.6

81.5

81.8

81.6

81.9

82.6

82.7

Item

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

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

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

SIC

33
331,2
333–6,9
3331
3334

37
371

86.4

83.8

SPECIAL AGGREGATES
Computers, communications eq. and
semiconductors
Manufacturing ex. computers,
communications eq., and
semiconductors

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

8

Table 4
INDUSTRIAL CAPACITY: MANUFACTURING, MINING, AND UTILITIES

Item

SIC

Percent change
Annual rate
December to December
1967- 1967- 19751997 1975 1997
Ave.
Ave.
Ave. 1993 1994 1995 1996 1997p

Capacity indexes
Percent of 1992 output
1996
Dec.

1997
July

Aug.

Sept.

Oct.

Nov.

Dec.

Total industry

3.0

3.8

2.7

2.3

3.9

5.0

4.5

4.7

146.7

150.7

151.3

151.9

152.4

153.0

153.6

Manufacturing

3.3

4.0

3.0

2.5

4.2

5.6

5.1

5.3

151.0

155.7

156.3

157.0

157.6

158.3

159.0

Primary processing
Advanced processing

2.3
3.8

4.1
4.0

1.5
3.8

1.4
3.0

2.4
5.2

3.0
6.9

3.4
5.9

3.4
6.3

135.0
159.0

137.7
164.9

138.0
165.7

138.4
166.5

138.8
167.3

139.2
168.1

139.6
169.0

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

3.8
2.0
3.2
1.5

3.7
2.9
4.5
2.5

3.8
1.7
2.6
1.1

3.1
.8
2.3
.0

6.1
3.0
2.5
.9

8.5
3.9
4.0
2.4

7.4
4.5
6.0
3.4

8.0
4.0
4.8
3.7

168.2
136.3
148.2
144.0

176.1
139.5
152.3
147.1

177.2
140.0
152.9
147.5

178.3
140.4
153.5
148.0

179.4
140.9
154.1
148.4

180.6
141.3
154.7
148.9

181.8
141.8
155.3
149.3

.3
–.4
–.7
1.7
.7
1.2

1.7
.7
.3
3.8
1.8
5.2

–.2
–.8
–1.2
.8
.2
–.4

–.3
–.8
–4.3
.4
6.3
.0

2.7
3.1
1.4
2.2
3.2
.5

2.4
1.4
3.3
3.5
8.3
.0

3.7
4.5
2.7
2.8
–1.8
.2

3.7
3.8
6.1
3.7
1.2
.2

133.8
133.2
125.7
134.3
142.9
104.0

136.8
136.2
130.0
137.3
143.8
104.1

137.2
136.6
130.7
137.7
144.0
104.1

137.6
137.0
131.3
138.1
144.1
104.1

138.0
137.4
132.0
138.5
144.3
104.1

138.5
137.9
132.7
138.9
144.5
104.1

138.9
138.3
133.3
139.3
144.6
104.2

1.9

3.1

1.4

2.7

2.5

4.1

4.7

5.1

150.4

154.9

155.5

156.2

156.8

157.5

158.1

5.4
20.7
8.2
18.9

4.7
12.0
5.9
13.1

5.7
24.4
9.2
21.4

4.9
20.4
10.4
23.1

8.6
21.9
19.1
43.0

11.0
32.0
26.5
57.1

11.4
40.6
18.6
29.6

11.6
41.0
19.3
37.6

189.8
390.7
256.7
477.6

202.7
477.5
284.9
574.6

204.4
491.3
289.0
590.2

206.2
505.6
293.2
606.2

208.1
520.3
297.5
622.7

210.0
535.4
301.8
639.7

211.9
551.0
306.3
657.1

37
371

2.7
3.4

3.0
4.4

2.5
3.0

372–6,9
38
39

1.6
4.6
2.3

1.1
7.6
4.4

1.7
3.4
1.5

.7
2.6
.0
–1.7
1.1
1.9

3.4
7.5
5.9
–1.1
.0
1.9

3.8
8.1
5.7
–1.2
.5
2.9

2.3
4.5
.8
–.7
.8
3.2

3.5
4.6
2.4
2.1
1.9
3.2

150.5
179.2
159.2
122.4
133.4
153.4

153.5
184.0
161.4
123.9
134.9
156.3

153.9
184.7
161.7
124.1
135.1
156.8

154.3
185.4
162.1
124.3
135.3
157.2

154.8
186.0
162.4
124.5
135.5
157.6

155.2
186.7
162.7
124.8
135.7
158.0

155.7
187.4
163.0
125.0
136.0
158.4

20
22
23
26
261–3
27

2.8
2.4
2.2
1.2
2.8
2.4
2.7

4.3
3.0
4.4
2.3
3.9
2.9
3.0

2.2
2.2
1.3
.7
2.3
2.2
2.6

1.8
1.8
2.8
.8
1.9
1.8
.0

2.0
2.1
3.9
1.6
1.3
2.0
.8

2.4
2.9
3.1
2.2
2.5
2.9
.7

2.4
2.5
2.0
.1
2.3
2.0
1.0

2.2
2.4
1.8
.0
1.8
1.8
.7

133.1
134.2
130.1
131.4
124.6
119.6
126.5

134.7
136.1
131.5
131.4
125.8
120.8
127.1

135.0
136.3
131.7
131.4
126.0
120.9
127.2

135.2
136.6
131.9
131.4
126.2
121.1
127.2

135.5
136.9
132.1
131.4
126.5
121.3
127.3

135.7
137.1
132.3
131.4
126.7
121.5
127.4

136.0
137.4
132.5
131.4
126.9
121.7
127.5

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

3.8
6.5
3.8
1.5
5.4
–3.2

6.8
12.7
9.7
4.2
8.4
–1.5

2.6
4.1
1.5
.4
4.1
–4.0

3.1
.1
.6
–.5
3.4
–2.5

2.7
6.2
.4
2.1
4.4
–2.1

2.8
5.3
.4
–.5
5.1
–2.6

3.6
6.6
–.4
.4
4.4
–2.3

3.3
5.5
3.9
1.8
4.2
–2.8

143.2
135.0
119.6
113.8
141.6
108.1

145.9
139.4
122.2
115.0
145.0
106.4

146.3
140.0
122.6
115.2
145.5
106.1

146.7
140.6
123.1
115.4
146.0
105.9

147.1
141.2
123.5
115.6
146.5
105.6

147.5
141.9
123.9
115.7
147.0
105.4

148.0
142.5
124.3
115.9
147.5
105.1

10
12
13
138
14

.2
1.3
2.4
–.5
.7
1.4

–.1
.5
2.4
–1.0
.8
2.6

.3
1.6
2.3
–.3
.6
.9

.7
1.4
1.9
–.2
–1.0
4.2

1.1
–1.8
4.3
.3
–.6
2.3

–.7
1.2
–.7
–1.2
–1.6
2.4

.4
.5
1.2
–.1
–1.2
3.5

.7
.8
1.7
.1
1.1
4.0

117.4
117.7
125.1
113.5
174.1
136.2

118.0
118.0
126.3
113.7
175.1
139.4

118.1
118.1
126.5
113.7
175.2
139.8

118.1
118.2
126.7
113.7
175.4
140.3

118.2
118.4
126.9
113.7
175.6
140.7

118.2
118.5
127.1
113.6
175.7
141.2

118.3
118.6
127.2
113.6
175.9
141.6

491,3pt
492,3pt

2.8
3.8
.4

6.1
7.8
2.3

1.5
2.2
–.4

.8
1.3
.2

1.2
1.0
.4

2.1
2.8
.5

1.5
1.5
2.2

1.3
1.3
1.9

125.5
123.9
133.9

126.5
124.8
135.3

126.7
125.0
135.6

126.8
125.1
135.8

126.9
125.2
136.0

127.1
125.4
136.2

127.2
125.5
136.4

15.2

9.5

17.6

18.4

28.3

38.7

29.3

30.5

370.2

433.0

442.5

452.3

462.4

472.7

483.2

2.4

3.7

1.9

1.4

2.4

3.0

2.9

3.1

139.4

141.8

142.2

142.6

142.9

143.3

143.7

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

33
331,2
333–6,9
3331
3334

Fabricated metal products
34
Industrial machinery
and equipment
35
Computer and office equip.
357
Electrical machinery
36
Semiconductors
3672–9
Transportation equipment
Motor vehicles and parts
Autos and light trucks1
Aerospace and misc.
Instruments
Miscellaneous
Nondurable
Foods
Textile mill products
Apparel products
Paper and products
Pulp and paper
Printing and publishing

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

Computers, communications eq. and
semiconductors
Manufacturing ex. computers,
communications eq., and
semiconductors
p. Preliminary estimate for current year.
1. Series begins in 1977.

9

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

Jan.

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.

Oct.

Nov.

Dec.

Q1

Q2

Q3

Q4

Annual

Industrial
Production,
Percent
Change1
1985
1986
1987
1988
1989

.4
.6
–.6
.1
.6

.9
–.7
1.2
.3
–.8

.3
–1.0
.4
.0
.9

.2
.8
.4
.6
.2

.2
–.2
.4
.1
–.6

–.2
–.3
.9
.1
–.2

–.4
.3
.6
.7
–1.0

.6
.3
.1
.5
.4

.6
–.1
–.1
–.4
–.2

–.9
.9
1.4
.3
–.5

.6
.5
.3
.8
.4

.7
.9
.6
.5
.5

3.0
2.0
4.2
3.2
3.8

2.8
–1.7
6.7
3.1
.5

.3
.7
5.6
3.9
–4.4

1.4
6.5
7.1
3.6
–.1

1.6
1.1
4.6
4.5
1.8

1990
1991
1992
1993
1994

–.5
–.5
.2
.5
.3

.5
–.8
.6
.4
.5

.5
–.9
.7
.1
.7

–.6
.3
.8
.4
.5

.4
.8
.2
–.6
.7

.0
1.2
–.3
.2
.5

.0
.1
.7
.4
.5

.2
.1
–.3
–.2
.3

.1
1.0
.5
1.0
.2

–.6
–.1
.8
.3
.7

–1.3
–.1
.5
.4
.8

–.6
–.6
.1
.8
1.0

2.0
–8.3
1.4
4.4
6.0

.6
1.5
6.2
1.1
7.1

1.0
6.2
1.9
2.1
5.5

–5.8
1.1
5.5
5.8
7.5

–.2
–2.0
3.1
3.6
5.4

1995
1996
1997

.6
–.2
.3

–.1
1.2
.6

.1
–.4
.3

.0
1.1
.5

.3
.6
.2

.3
.5
.2

.0
.0
.8

1.0
.3
.6

.4
.3
.3

–.4
.0
.7

.2
.8
.8

–.1
.3
.5

5.9
2.0
5.2

1.6
7.5
4.6

4.5
3.6
6.0

1.1
3.8
7.4

4.9
3.5
5.0

Industrial
Production
1985
1986
1987
1988
1989

86.9
89.6
90.2
95.9
99.8

87.7
89.0
91.2
96.2
99.0

87.9
88.1
91.6
96.3
100.0

88.0
88.7
92.0
96.8
100.2

88.2
88.6
92.4
96.9
99.6

88.0
88.2
93.2
97.0
99.4

87.6
88.5
93.7
97.6
98.4

88.2
88.8
93.8
98.1
98.8

88.7
88.7
93.7
97.8
98.6

87.9
89.5
95.0
98.0
98.2

88.4
89.9
95.3
98.8
98.6

89.0
90.8
95.9
99.3
99.0

87.5
88.9
91.0
96.1
99.6

88.1
88.5
92.5
96.9
99.7

88.2
88.7
93.8
97.8
98.6

88.5
90.1
95.4
98.7
98.6

88.0
89.0
93.2
97.4
99.1

1990
1991
1992
1993
1994

98.6
96.7
97.7
102.4
106.0

99.1
95.9
98.3
102.8
106.5

99.6
95.0
99.0
102.9
107.2

99.0
95.4
99.8
103.3
107.7

99.4
96.1
100.0
102.7
108.5

99.3
97.2
99.7
102.9
109.0

99.3
97.3
100.3
103.3
109.6

99.5
97.4
100.0
103.1
109.9

99.6
98.4
100.5
104.1
110.1

99.1
98.3
101.2
104.4
110.9

97.7
98.1
101.8
104.9
111.8

97.2
97.5
101.8
105.7
112.9

99.1
95.9
98.3
102.7
106.6

99.2
96.2
99.8
103.0
108.4

99.5
97.7
100.3
103.5
109.9

98.0
98.0
101.6
105.0
111.9

98.9
97.0
100.0
103.6
109.2

1995
1996
1997

113.5
115.3
121.3

113.4
116.7
122.1

113.6
116.3
122.5

113.6
117.5
123.1

113.9
118.3
123.3

114.3
118.9
123.5

114.3
118.9
124.5

115.4
119.3
125.2

115.9
119.6
125.6

115.4
119.7
126.5

115.6
120.6
127.5

115.5
120.9
128.1

113.5
116.1
121.9

113.9
118.2
123.3

115.2
119.3
125.1

115.5
120.4
127.4

114.5
118.5
124.5

Capacity
1985
1986
1987
1988
1989

108.8
112.2
114.0
115.3
116.8

109.0
112.4
114.1
115.5
117.0

109.3
112.6
114.2
115.6
117.2

109.6
112.7
114.3
115.7
117.4

109.8
112.9
114.4
115.8
117.6

110.1
113.0
114.5
115.9
117.8

110.4
113.2
114.6
116.0
118.0

110.7
113.3
114.7
116.2
118.2

111.0
113.5
114.9
116.3
118.4

111.3
113.6
115.0
116.4
118.6

111.7
113.7
115.1
116.5
118.8

112.0
113.9
115.2
116.7
119.0

109.0
112.4
114.1
115.5
117.0

109.8
112.9
114.4
115.8
117.6

110.7
113.3
114.7
116.2
118.2

111.7
113.7
115.1
116.5
118.8

110.3
113.1
114.6
116.0
117.9

1990
1991
1992
1993
1994

119.2
121.4
123.4
126.1
129.1

119.3
121.6
123.6
126.3
129.5

119.5
121.7
123.8
126.5
129.9

119.7
121.9
124.1
126.8
130.3

119.9
122.1
124.3
127.0
130.7

120.1
122.2
124.5
127.2
131.2

120.2
122.4
124.8
127.5
131.6

120.4
122.6
125.0
127.7
132.0

120.6
122.7
125.2
128.0
132.4

120.8
122.9
125.4
128.2
132.8

121.0
123.0
125.6
128.5
133.3

121.2
123.2
125.8
128.7
133.7

119.3
121.6
123.6
126.3
129.5

119.9
122.1
124.3
127.0
130.7

120.4
122.6
125.0
127.7
132.0

121.0
123.0
125.6
128.5
133.3

120.2
122.3
124.6
127.4
131.4

1995
1996
1997

134.2
140.9
147.2

134.8
141.4
147.8

135.3
142.0
148.4

135.9
142.5
149.0

136.5
143.0
149.6

137.1
143.6
150.2

137.6
144.1
150.7

138.1
144.6
151.3

138.7
145.1
151.9

139.2
145.6
152.4

139.8
146.1
153.0

140.4
146.7
153.6

134.8
141.4
147.8

136.5
143.0
149.6

138.1
144.6
151.3

139.8
146.1
153.0

137.3
143.8
150.4

79.9
79.8
79.1
83.2
85.4

80.4
79.2
80.0
83.4
84.6

80.4
78.2
80.2
83.3
85.3

80.3
78.7
80.5
83.7
85.3

80.3
78.4
80.7
83.7
84.7

79.9
78.1
81.4
83.6
84.4

79.4
78.2
81.8
84.1
83.4

79.6
78.3
81.8
84.5
83.6

79.9
78.2
81.6
84.1
83.3

79.0
78.8
82.6
84.2
82.8

79.2
79.1
82.8
84.8
83.0

79.5
79.7
83.2
85.1
83.2

80.2
79.1
79.8
83.3
85.1

80.2
78.4
80.8
83.7
84.8

79.6
78.2
81.7
84.2
83.4

79.2
79.2
82.9
84.7
83.0

79.8
78.7
81.3
84.0
84.1

1990
1991
1992
1993
1994

82.7
79.6
79.2
81.2
82.1

83.0
78.9
79.5
81.4
82.2

83.3
78.1
79.9
81.3
82.5

82.7
78.2
80.4
81.5
82.7

82.9
78.7
80.4
80.9
83.0

82.7
79.6
80.0
80.9
83.1

82.6
79.5
80.4
81.0
83.3

82.6
79.5
80.0
80.7
83.3

82.6
80.2
80.2
81.4
83.2

82.0
80.0
80.7
81.4
83.5

80.8
79.8
81.0
81.6
83.9

80.2
79.2
80.9
82.1
84.4

83.0
78.9
79.5
81.3
82.3

82.8
78.8
80.3
81.1
82.9

82.6
79.7
80.2
81.0
83.2

81.0
79.6
80.9
81.7
83.9

82.3
79.3
80.2
81.3
83.1

1995
1996
1997

84.6
81.8
82.4

84.2
82.5
82.6

83.9
81.9
82.5

83.6
82.5
82.6

83.5
82.7
82.4

83.4
82.8
82.3

83.1
82.6
82.6

83.6
82.5
82.8

83.6
82.4
82.7

82.9
82.2
83.0

82.7
82.5
83.3

82.3
82.5
83.4

84.2
82.1
82.5

83.5
82.7
82.4

83.4
82.5
82.7

82.6
82.4
83.2

83.4
82.4
82.7

Utilization
1985
1986
1987
1988
1989

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

10

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

Jan.

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.

Oct.

Nov.

Dec.

Q1

Q2

Q3

Q4

Annual

Industrial
Production,
Percent
Change1
1985
1986
1987
1988
1989

.1
1.5
–.8
–.2
.9

.6
–.5
1.6
.4
–1.2

.7
–.9
.2
–.1
.8

.2
1.4
.5
1.0
.1

.5
–.1
.3
–.1
–.7

–.3
–.3
1.0
.0
.0

–.4
.3
.7
.7
–1.1

.9
.6
–.2
.3
.3

.4
.0
.1
.2
–.3

–.8
.8
1.3
.2
–.6

1.1
.4
.5
.9
.4

–.1
1.2
.6
.6
.1

2.1
4.5
5.0
2.3
4.3

4.2
1.7
7.0
4.1
–.7

1.1
1.7
5.5
3.7
–4.5

1.6
6.7
7.6
5.2
–1.4

2.3
2.8
5.3
4.7
1.9

1990
1991
1992
1993
1994

–.2
–.9
.4
1.0
.1

.9
–.7
.7
.2
.6

.3
–1.1
.8
.1
.8

–.8
.3
.7
.6
.8

.4
.7
.4
–.5
.8

–.1
1.4
–.1
.0
.2

.0
.2
.6
.4
.7

.3
.2
–.3
–.3
.4

–.1
1.1
.4
1.1
.3

–.6
–.1
.7
.2
.9

–1.3
–.2
.6
.5
.9

–.6
–.5
–.1
.9
1.0

2.9
–9.7
2.8
5.0
6.3

–.1
1.2
7.0
1.6
8.8

.8
7.8
2.4
1.6
6.2

–6.3
1.7
5.0
6.2
9.0

–.5
–2.4
4.0
3.8
6.0

1995
1996
1997

.6
–.1
.3

–.2
1.2
.7

.2
–.6
.4

.0
1.4
.4

.2
.6
.2

.4
.6
.3

–.2
.4
.6

.9
.2
.7

.7
.3
.1

–.4
.0
.7

.0
.8
1.2

–.1
.5
.5

6.4
1.5
6.2

1.4
8.1
4.9

3.9
4.9
6.1

1.5
4.2
8.3

5.4
3.6
5.7

Industrial
Production
1985
1986
1987
1988
1989

84.4
87.9
89.6
95.4
100.3

84.9
87.4
91.0
95.8
99.1

85.4
86.6
91.2
95.7
99.9

85.6
87.8
91.6
96.7
100.0

86.0
87.7
91.9
96.6
99.4

85.7
87.5
92.8
96.6
99.4

85.4
87.7
93.4
97.3
98.3

86.1
88.2
93.3
97.5
98.7

86.4
88.2
93.4
97.7
98.4

85.7
88.9
94.6
97.9
97.8

86.7
89.3
95.1
98.9
98.2

86.6
90.3
95.6
99.4
98.3

84.9
87.3
90.6
95.6
99.8

85.8
87.7
92.1
96.6
99.6

86.0
88.0
93.4
97.5
98.5

86.3
89.5
95.1
98.7
98.1

85.7
88.1
92.8
97.1
99.0

1990
1991
1992
1993
1994

98.1
95.8
97.4
102.7
106.2

99.0
95.1
98.1
102.9
106.8

99.3
94.1
98.9
103.0
107.7

98.6
94.4
99.6
103.6
108.5

99.0
95.0
100.0
103.1
109.4

98.9
96.3
99.8
103.1
109.6

98.8
96.6
100.5
103.5
110.4

99.1
96.8
100.2
103.2
110.9

99.0
97.8
100.6
104.4
111.2

98.4
97.8
101.3
104.6
112.2

97.2
97.6
101.9
105.2
113.2

96.6
97.1
101.7
106.0
114.3

98.8
95.0
98.1
102.9
106.9

98.8
95.2
99.8
103.3
109.2

99.0
97.0
100.4
103.7
110.8

97.4
97.5
101.6
105.3
113.2

98.5
96.2
100.0
103.8
110.0

1995
1996
1997

115.1
116.7
123.5

114.9
118.1
124.4

115.1
117.4
124.9

115.1
119.0
125.4

115.3
119.7
125.7

115.8
120.4
126.1

115.5
120.9
126.9

116.6
121.1
127.9

117.5
121.5
128.0

117.0
121.5
128.9

117.0
122.5
130.5

116.9
123.1
131.1

115.0
117.4
124.2

115.4
119.7
125.7

116.5
121.1
127.6

116.9
122.4
130.2

116.0
120.2
127.0

Capacity
1985
1986
1987
1988
1989

107.0
111.0
113.2
115.2
117.0

107.3
111.2
113.4
115.3
117.3

107.6
111.4
113.6
115.4
117.5

108.0
111.6
113.8
115.6
117.8

108.3
111.7
113.9
115.7
118.0

108.7
111.9
114.1
115.8
118.3

109.0
112.1
114.2
116.0
118.5

109.3
112.3
114.4
116.1
118.7

109.7
112.5
114.6
116.3
119.0

110.0
112.7
114.7
116.5
119.2

110.4
112.9
114.9
116.6
119.5

110.7
113.0
115.0
116.8
119.7

107.3
111.2
113.4
115.3
117.3

108.3
111.7
113.9
115.7
118.0

109.3
112.3
114.4
116.1
118.7

110.4
112.9
114.9
116.6
119.5

108.8
112.0
114.1
115.9
118.4

1990
1991
1992
1993
1994

119.9
122.4
124.6
127.6
130.9

120.1
122.6
124.8
127.8
131.3

120.3
122.8
125.1
128.1
131.8

120.5
123.0
125.3
128.3
132.2

120.7
123.1
125.6
128.6
132.7

120.9
123.3
125.8
128.9
133.2

121.1
123.5
126.1
129.1
133.6

121.3
123.7
126.3
129.4
134.1

121.5
123.8
126.6
129.7
134.6

121.7
124.0
126.8
129.9
135.1

122.0
124.2
127.0
130.2
135.5

122.2
124.3
127.3
130.5
136.0

120.1
122.6
124.8
127.8
131.3

120.7
123.1
125.6
128.6
132.7

121.3
123.7
126.3
129.4
134.1

122.0
124.2
127.0
130.2
135.5

121.0
123.4
125.9
129.0
133.4

1995
1996
1997

136.6
144.3
151.6

137.2
144.9
152.3

137.8
145.6
152.9

138.5
146.2
153.6

139.1
146.8
154.3

139.8
147.4
155.0

140.4
148.0
155.7

141.1
148.6
156.3

141.7
149.2
157.0

142.4
149.8
157.6

143.0
150.4
158.3

143.7
151.0
159.0

137.2
144.9
152.3

139.2
146.8
154.3

141.1
148.6
156.3

143.0
150.4
158.3

140.1
147.7
155.3

78.9
79.1
79.1
82.9
85.7

79.1
78.6
80.2
83.1
84.5

79.3
77.8
80.3
82.9
85.0

79.2
78.7
80.6
83.7
85.0

79.4
78.5
80.7
83.5
84.2

78.9
78.1
81.4
83.4
84.1

78.3
78.2
81.8
83.8
83.0

78.8
78.6
81.5
84.0
83.1

78.8
78.4
81.5
84.0
82.7

77.9
78.9
82.5
84.1
82.1

78.5
79.1
82.8
84.8
82.2

78.2
79.9
83.1
85.1
82.1

79.1
78.5
79.9
83.0
85.1

79.2
78.5
80.9
83.5
84.4

78.6
78.4
81.6
83.9
82.9

78.2
79.3
82.8
84.7
82.1

78.8
78.7
81.3
83.8
83.6

1990
1991
1992
1993
1994

81.8
78.2
78.2
80.5
81.1

82.5
77.5
78.6
80.5
81.3

82.6
76.6
79.1
80.4
81.7

81.8
76.8
79.5
80.7
82.1

82.0
77.1
79.6
80.2
82.4

81.8
78.1
79.4
80.0
82.3

81.6
78.2
79.7
80.2
82.6

81.7
78.2
79.3
79.8
82.7

81.5
79.0
79.5
80.5
82.6

80.9
78.9
79.9
80.5
83.0

79.7
78.6
80.2
80.8
83.5

79.0
78.1
79.9
81.3
84.1

82.3
77.5
78.6
80.5
81.4

81.9
77.3
79.5
80.3
82.3

81.6
78.5
79.5
80.1
82.6

79.9
78.5
80.0
80.8
83.5

81.4
77.9
79.4
80.5
82.5

1995
1996
1997

84.3
80.8
81.4

83.7
81.5
81.7

83.5
80.6
81.6

83.1
81.4
81.6

82.9
81.6
81.4

82.8
81.7
81.3

82.3
81.7
81.5

82.6
81.5
81.8

82.9
81.4
81.6

82.2
81.1
81.8

81.8
81.5
82.4

81.3
81.5
82.5

83.8
81.0
81.6

82.9
81.6
81.5

82.6
81.5
81.6

81.8
81.4
82.2

82.8
81.4
81.7

Utilization
1985
1986
1987
1988
1989

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

11

Table 6
INDUSTRIAL PRODUCTION: INDUSTRY SUBTOTALS AND INDIVIDUAL SERIES
Index, 1992 = 100
Item
Metal mining
Iron ore
Nonferrous ores
Copper

SIC

1996
IP
Proportion

Seasonally adjusted
1997
June

July

Not seasonally adjusted

Aug.

Sept.r

Oct.r

Nov.r

1997
June

July

Aug. Sept.r

Oct.r

Nov.r

10
101
102–4,8,9
102

.44
.06
.38
.14

109.9
112.4
109.5
118.3

105.2
100.2
106.0
112.8

106.0
111.7
105.1
110.8

105.3
111.5
104.4
105.6

111.1
121.8
109.4
108.2

113.7
113.1
113.7
118.6

113.1
116.0
112.7
124.1

106.5
107.8
106.4
112.9

107.8
120.0
106.0
112.4

108.3
120.4
106.6
107.6

109.7
120.4
108.2
108.9

111.9
117.7
111.1
115.5

12

.87

107.4

112.1

107.7

109.5

109.6

111.2

106.5

104.0

111.3

112.1

111.6

110.0

13
131

102.9
95.2
87.3
106.0
109.4
150.9

103.9
96.2
88.4
107.1
110.3
152.1

104.1
96.3
87.2
108.8
109.9
153.2

104.3
96.5
87.9
108.5
110.3
153.1

103.4
96.1
86.9
108.9
107.6
149.7

102.4
95.1
87.1
110.2
147.0

102.3
94.4
86.9
104.8
109.6
151.1

103.0
94.6
86.6
105.6
110.5
155.5

103.1 103.7
94.8
95.3
86.0
87.1
107.0 106.8
110.2 111.6
155.3 155.8

103.2
95.3
87.3
106.3
109.3
152.7

104.3
96.8
87.8

132
138

4.51
3.50
1.88
1.61
.24
.77

14

.60

120.9

117.8

119.9

117.7

117.5

117.6

139.7

135.9

140.3 137.3

137.8

117.7

20
201

202
2021
2022
2023
2024
2026

9.41
1.34
.45
.28
.60
.02
.81
.01
.20
.13
.13
.34

108.8
112.6
108.1
99.3
126.5
93.8
104.0
84.9
114.0
90.7
110.1
104.0

110.0
114.4
112.5
101.8
126.0
90.8
106.1
91.1
117.7
97.6
105.3
105.2

108.9
114.4
113.2
100.2
126.5
89.4
105.4
85.9
114.6
96.5
106.2
105.5

108.6
112.1
106.6
102.7
124.8
91.9
104.9
86.3
114.6
96.7
106.9
103.9

109.3
114.4
112.9
102.9
125.2
88.1
104.0
76.0
113.6
88.1
114.1
104.2

111.0
115.3
112.4
102.8
127.8
89.7
104.7
91.2
112.5
90.3
115.7
104.3

111.3
116.6
116.3
95.6
130.8
91.3
113.3
75.9
118.2
102.4
140.5
107.7

112.5
110.9
113.2
90.7
122.5
83.4
107.1
69.8
112.2
93.1
130.8
104.1

115.8
117.3
118.6
96.4
130.3
85.5
101.8
63.8
109.6
80.4
122.6
102.2

116.9
114.7
111.1
104.0
125.6
90.8
98.7
70.8
114.1
74.8
106.6
100.6

114.8
120.1
115.5
110.8
131.5
88.7
96.9
70.8
113.0
73.3
98.2
100.6

110.8
114.2
107.9
109.7
124.0
89.7
96.2
83.4
113.0
75.6
88.9
100.7

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

1.26
1.42
1.03
.63
.24
1.67
.55
.92
1.02
.13

102.7
118.2
101.6
107.0
98.0
110.6
106.4
117.2
113.1
87.2

104.7
119.7
105.6
102.8
97.7
110.3
102.4
119.3
114.5
88.0

98.2
117.8
103.1
106.0
97.4
111.9
102.4
122.0
113.5
85.4

98.4
119.1
102.1
105.7
98.0
112.8
98.3
126.4
112.7
84.0

96.9
117.3
104.5
107.8
105.3
113.4

99.8
119.9
105.7
109.1
105.7
115.4

115.1
120.5
114.7
103.7
91.5
123.3
108.9
139.6
124.5
86.0

121.4
124.4
114.5
113.4
95.3
121.5
93.3
145.8
123.6
78.6

100.3
122.6
103.0
127.3
113.1
110.8

129.3
115.8

107.0
119.2
115.1
91.8
88.8
120.3
114.0
134.2
122.3
81.1

108.9
122.2
108.2
126.4
109.9
117.4

129.9
114.5
81.1

100.2
117.0
106.4
95.7
94.4
120.0
121.2
125.2
115.5
76.8

135.6
119.0
86.6

123.7
115.0

21

1.29

109.0

110.5

112.5

112.0

113.6

111.9

124.0

94.3

123.7

115.0

124.1

110.1

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

1.56
.39
.32
.04
.42
.31
.15
.20
.40
.19

109.1
108.3
106.0
110.1
108.8
110.3
90.8
114.3
115.3
110.2

110.7
114.3
112.6
110.8
111.6
114.3
95.3
101.0
117.4
113.5

110.7
108.0
105.0
109.6
112.7
114.0
86.3
117.6
118.1
114.0

111.4
111.8
109.6
109.2
112.4
113.0
87.6
108.7
121.2
120.2

111.7
114.4
112.7
110.8
113.0
114.1
92.2
107.2
118.0
113.6

112.9
111.8

107.6
105.9
103.6
104.9
113.4
119.2
86.7
107.1
111.8
105.8

114.6
109.8
108.6
111.5
121.2
130.7
90.9
118.0
120.2
117.1

114.0
109.3
108.6
111.8
121.5
127.1
86.4
113.3
122.4
120.0

117.3
117.2
118.2
110.5
122.2
118.8
95.6
120.8
119.5
115.6

110.1
110.6

111.5
111.6
112.5
92.6
123.6
118.6
118.3

115.2
109.5
105.9
113.7
122.2
121.6
89.6
124.8
119.2
115.1

111.6
108.5
107.3
94.9
110.5
117.6
114.2

Apparel products

23

1.89

99.6

99.7

99.1

99.1

99.3

98.8

102.2

97.5

102.1 102.2

101.1

99.3

24
241,2
241
243–5,9
243
2435,6
245

2.09
.82
.29
1.27
.68
.16
.22

117.0
110.4
93.4
122.1
117.9
105.9
139.1

116.1
108.3
93.3
122.0
118.2
104.5
143.5

115.4
109.5
91.9
120.0
116.0
100.2
139.5

113.3
106.4
93.0
118.6
117.0
102.6
137.2

112.5
104.2
93.7
118.8
117.7
101.1
136.9

115.2
108.7
95.2
120.1
119.4
101.8
138.1

120.7
114.9
96.1
125.2
121.2
108.9
151.2

114.3
107.4
98.1
119.7
119.2
102.2
128.9

119.6
113.8
101.4
124.2
120.4
103.8
153.1

119.0
112.1
100.7
124.3
120.9
104.7
152.8

113.4
105.5
96.6
119.3
120.3
98.7
134.6

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

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

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

12

118.7
113.8
102.3
122.6
120.5
105.9
145.9

111.5
151.0

Table 6 (continued)
INDUSTRIAL PRODUCTION: INDUSTRY SUBTOTALS AND INDIVIDUAL SERIES
Index, 1992 = 100
Item
Furniture and fixtures
Household furniture

SIC

1996
IP
Proportion1

Seasonally adjusted
1997
June

July

Not seasonally adjusted

Aug.

Sept.r

Oct.r

Nov.r

1997
June

July

Aug. Sept.r

Oct.r

Nov.r

25
251

1.37
.63

123.5
120.6

124.2
121.6

121.1
117.7

122.0
118.7

122.6
119.3

124.5
121.7

124.5
121.3

122.4
114.8

129.8 129.0
124.1 124.3

124.0
120.8

123.3
120.0

26
261–3
261
262
263
265,7
265
267

3.48
1.60
.14
.95
.51
1.88
.66
1.22

111.7
110.6
100.2
109.6
115.6
112.4
119.0
109.0

114.2
113.3
101.6
111.2
120.9
114.8
117.2
113.4

114.4
114.5
104.7
111.1
124.0
114.1
118.9
111.6

113.7
113.8
103.3
110.9
122.6
113.4
118.9
110.5

114.0
115.6
105.1
112.3
125.0
112.5
112.8
112.2

116.3
116.5
106.7
113.1
126.1
115.8
122.9
112.2

113.3
112.2
101.0
110.2
119.3
113.9
122.3
109.4

113.0
112.6
104.2
110.1
119.8
113.0
115.9
111.2

115.4
115.1
104.3
112.3
123.7
115.4
120.0
112.7

113.4
113.2
102.8
109.7
123.0
113.3
120.2
109.6

115.7
115.2
105.3
112.1
124.1
115.8
124.5
111.2

115.1
115.9
105.3
113.7
123.1
114.3
116.8
112.7

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

6.49
1.50
2.04
2.95

104.1
95.9
111.0
103.9

104.1
95.1
111.5
104.1

104.4
95.5
111.5
104.6

105.1
96.7
112.0
105.1

106.7
98.4
113.3
106.8

107.4
98.5
113.7
108.1

105.3
94.3
110.4
107.8

108.3
92.4
111.4
115.1

111.0
90.7
112.5
121.1

111.5
97.3
112.0
118.9

109.4
105.3
111.0
110.5

107.3
105.0
112.7
104.7

Chemicals and products
Industrial chemicals and
synthetic materials
Basic chemicals
Alkalies and chlorine
Inorganic pigments
Inorganic chemicals, nec
Acids and other

28

9.97

114.6

114.3

114.5

115.6

116.1

115.8

117.6

118.6

119.8 121.7

117.6

112.6

281,2,6
281
2812
2816
2819

3.81
.79
.07
.08
.50
.35

111.1
91.9
115.5
92.9
85.6
100.0

112.2
90.0
118.6
104.7
80.4
99.4

111.1
89.2
117.2
91.4
81.4
99.2

113.3
92.0
118.9
107.2
83.0
99.3

112.0
90.5
117.5
103.3
81.4
99.6

111.8
89.5

111.9
93.4
117.3
96.2
87.3
102.7

111.0
87.5
118.4
101.5
77.4
94.8

110.5 114.2
89.7
94.1
119.4 118.8
90.8 105.5
81.6
85.9
99.7 103.8

112.0
92.4
117.7
98.1
85.0
105.2

110.7
91.7

282
2821
2823,4
286

1.39
.90
.36
1.63

119.0
127.6
102.7
116.3

123.9
131.6
111.1
116.2

121.1
128.8
105.3
116.1

125.8
131.5
110.0
116.0

123.4
128.8
108.6
115.8

123.1

121.6
128.9
109.4
116.5

119.6 125.9
126.5 131.9
103.9 110.2
115.8 116.8

124.6
130.2
110.8
113.5

121.1

104.1
116.0

121.0
129.4
104.5
115.9

283–5,9
283
284
285
287

5.54
2.96
1.54
.44
.62

118.1
119.2
118.5
104.6
104.7

116.8
116.7
118.2
103.9
105.2

118.2
120.0
118.0
104.2
103.8

118.4
119.3
119.3
104.4
104.4

120.2
123.6
117.8
104.7
104.8

119.9
123.7
117.4
104.3
105.2

123.4
125.7
121.0
120.3
102.8

126.0
128.2
126.2
109.4
102.2

128.7
132.6
128.3
110.5
101.2

129.3
133.5
129.5
107.6
103.5

123.1
127.2
119.9
109.9
105.6

114.4
118.4
111.8
94.8
107.3

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

1.83
1.65
.36
.30
.06
.15
.78
.18

111.3
110.5
110.6
118.0
84.2
114.0
109.0
116.5

108.9
108.0
108.9
114.4
76.1
114.2
106.6
114.6

109.7
109.3
108.6
116.0
71.8
115.0
109.1
110.5

110.1
109.5
109.5
112.9
77.5
114.4
109.9
112.6

111.2
110.7
111.4
115.5
81.9
111.5
110.7
112.6

108.8
108.2
112.7
111.7
86.7
112.8
105.3
112.5

115.9
114.6
124.6
118.3
81.4
112.6
111.8
125.1

113.4
111.9
123.4
113.1
72.3
115.9
108.7
124.9

114.4 114.3
112.9 112.7
123.8 119.4
115.3 116.1
72.1
77.1
114.2 115.1
110.3 111.1
125.6 127.1

111.7
109.8
110.7
118.6
77.1
110.8
109.1
126.8

110.3
108.8
103.1
118.7
88.6
115.0
108.6
122.6

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

3.68
.33
.64
2.70

125.6
123.9
121.8
127.0

126.0
125.5
122.8
127.0

127.9
131.5
123.7
128.7

127.6
125.1
124.4
128.8

127.4
118.7
126.1
129.0

129.7
129.1
127.0
130.6

127.7
128.9
125.4
128.3

121.8
107.6
123.6
123.3

129.2
132.3
130.6
128.6

129.3
125.3
129.9
129.8

129.4
127.2
128.7
129.9

129.7
123.9
124.8
131.8

31
314

.19
.08

74.0
71.7

74.0
71.3

71.2
69.9

70.9
69.2

72.4
70.0

70.8
67.0

76.1
73.8

69.8
67.6

72.4
71.7

72.7
70.5

73.5
71.2

71.8
67.7

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

2.20
.30
.12
.18
.10
1.31

120.0
100.3
72.2
121.6
133.6
124.6

120.9
103.2
74.2
125.6
132.6
124.3

120.5
101.8
75.7
121.3
132.5
125.1

121.2
105.7
79.5
127.0
131.5
124.2

121.5
103.0
74.9
124.9
130.5
124.9

123.2
107.2
80.4

124.3
104.3
79.0
147.1
143.8
126.5

121.8
104.8
77.7
143.7
125.1
123.7

125.2
105.3
78.2
148.7
136.1
127.3

125.4
106.0
77.0
150.0
133.7
127.2

126.0
105.9
77.2
151.9
133.7
127.4

123.0
105.3
76.2

Paper and products
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 and products
Shoes

90.0
81.8
99.7

131.5
126.3

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

13

88.3
84.8
104.4

103.0
113.8

130.0
127.5

Table 6 (continued)
INDUSTRIAL PRODUCTION: INDUSTRY SUBTOTALS AND INDIVIDUAL SERIES
Index, 1992 = 100
Item
Primary metals
Iron and steel
Basic steel and mill products
Basic iron and steel
Pig iron
Raw steel

1996
IP
SIC Proportion1
33
331,2
331

Seasonally adjusted
1997
June

July

3.40
1.84
1.41
.29
.16
.09

124.9
122.6
123.7
106.7
104.6
114.9

Not seasonally adjusted

Aug.

Sept.r

Oct.r

Nov.r

1997
June

July

125.2
122.2
124.2
105.9
102.8
115.5

125.5
121.8
123.5
106.1
103.3
116.1

125.9
124.5
126.9
111.0
109.9
119.2

127.4
126.5
130.3
109.6
108.0
117.7

128.5
127.9
131.5
111.7
110.1
120.9

125.2
122.8
124.3
107.0
104.9
115.1

119.7
117.7
120.2
103.4
100.8
110.6

122.7
118.3
120.3
103.8
101.3
112.2

128.6
127.4
134.8
154.5
111.5
125.0
118.7

129.5
128.4
129.2
148.0
101.8
129.2
115.7

128.6
125.8
126.8
147.9
108.0
128.2
116.0

131.6
135.0
127.4
147.1
112.9
130.6
116.4

136.4
148.7
137.9
162.4
121.6
129.8
114.2

137.3
138.3
131.9
159.4
103.9
137.0
116.3

129.4
128.1
133.8
154.2
111.7
125.8
117.6

125.2
102.9
122.5
150.1
103.0
128.7
109.3

125.1
122.5
122.3
148.0
109.6
123.4
111.6

Aug. Sept.r

Oct.r

Nov.r

127.3
125.6
127.3
110.0
108.5
118.1

127.7
127.0
129.8
108.5
106.3
117.2

127.7
126.6
128.7
111.8
111.1
119.4

132.4
137.7
129.6
152.9
113.8
129.3
119.7

136.1
149.9
131.9
166.4
110.7
129.7
117.8

133.6
138.3
130.6
163.9
97.6
130.2
119.9

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

332

1.13
.19
.12
.13
.04
.64
.43

Nonferrous metals
Primary nonferrous metals
Copper
Aluminum

333–6,9
333
3331
3334

1.55
.26
.08
.13

127.7
108.6
126.4
89.4

128.8
109.5
138.6
89.3

129.9
111.5
138.4
89.5

127.7
105.5
133.6
89.1

128.5
109.1
132.9
90.0

129.3
110.2
135.5
89.8

128.0
107.1
125.1
89.4

122.0
106.7
131.1
89.2

128.0 129.3
108.5 105.6
137.6 135.9
88.8
88.6

128.5
109.7
134.5
89.7

129.0
110.7
137.9
89.8

Nonferrous products
Nonferrous mill products
Aluminum
Nonferrous foundries

335,6
335
3353–5
336

1.04
.75
.24
.29

125.8
119.5
110.3
146.8

127.4
122.4
111.4
144.5

128.7
122.3
110.0
149.8

128.2
121.8
109.7
149.6

128.7
122.1
108.5
150.5

129.0
122.5
108.6
150.7

126.9
120.8
113.7
147.2

119.4
114.4
104.1
136.2

127.8 129.9
122.0 123.6
110.2 112.9
147.2 151.1

127.9
120.9
106.9
151.1

127.7
120.0
100.0
153.1

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

5.27
.17
.56
.48
1.40
2.92
1.68

121.9
99.7
118.7
117.0
122.0
124.6
130.5

122.4
105.0
120.9
119.6
121.7
125.2
131.6

122.8
95.1
122.0
120.7
122.5
126.1
132.3

122.7
102.0
121.8
120.0
122.8
124.8
129.4

124.2
102.3
124.0
122.7
123.1
127.2
133.4

125.4
101.7
122.9
121.5
123.9
129.0
135.2

124.0
117.8
121.3
120.0
123.3
126.3
133.5

121.3
115.2
122.7
122.8
122.4
122.1
129.3

126.2
112.6
128.5
128.2
125.0
127.5
135.6

127.7
106.5
128.9
128.0
126.0
128.5
135.5

126.5
97.0
125.7
124.1
125.2
128.4
135.5

126.0
90.8
121.9
119.3
126.4
128.7
133.4

Industrial machinery
and equipment
35
Engines and turbines
351
Farm
352
Construction and allied
353
Metalworking
354
Special industry machinery
355
General industrial machinery
356
Bearings and gears
3562,6,8
Equipment
3561,3–5,7,9
Computer and office equip.
357
Service industry machines
358
Refrig. and heating equip.
3585
Miscellaneous machinery
359

8.66
.43
.45
.91
1.12
.91
1.12
.33
.79
1.57
.88
.62
1.27

168.8
117.7
159.1
151.5
127.8
149.3
119.8
117.1
121.0
372.3
131.0
130.1
150.5

172.2
117.5
160.4
148.5
133.5
150.0
123.2
117.1
126.0
388.5
129.1
126.3
156.4

175.9
117.6
167.7
162.5
135.4
150.3
121.1
119.9
121.7
403.9
134.3
134.3
155.0

173.7
119.0
154.9
154.6
132.7
150.7
121.6
119.8
122.5
412.0
123.8
119.7
157.7

176.3
119.3
155.8
156.7
136.2
151.8
123.4
119.9
125.0
417.5
124.4
118.9
162.0

177.5
117.6
157.1
158.5
136.1
152.6
123.2
120.9
124.2
421.4
129.3
125.9
162.3

174.5
117.1
162.1
158.3
130.8
149.1
122.0
116.8
124.2
391.2
140.1
143.0
155.1

171.5
114.4
119.9
133.6
138.7
145.2
124.0
112.8
128.9
424.0
121.9
117.7
164.1

178.5
113.3
151.8
152.7
146.0
147.6
127.0
118.1
130.8
422.9
123.6
117.4
166.8

180.8
119.4
153.9
157.9
142.8
150.8
128.1
120.3
131.6
430.2
124.0
119.1
169.2

178.7
119.7
165.8
163.3
136.9
150.8
123.8
120.0
125.4
419.6
125.1
119.3
162.6

174.4
120.5
153.1
157.5
131.2
154.2
120.9
121.4
120.7
411.0
124.7
117.9
156.3

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

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

8.42
1.02
.35
.47
.09
.08
.09
.22
.05
.11

229.7
121.3
120.9
125.8
122.7
121.7
138.3
123.3
110.9
151.1

235.5
120.9
119.1
129.9
140.7
120.3
152.2
120.2
105.5
147.8

236.8
119.4
117.7
119.8
129.6
117.3
111.2
119.3
109.3
143.9

237.5
119.4
119.4
118.6
117.8
112.3
115.0
121.8
104.7
152.4

240.8
122.0
120.2
119.7
119.5
120.2
127.1
116.2
106.8
137.8

247.0
123.6
120.9
124.5
120.6
127.5
127.8
123.2
104.6
154.8

231.1
124.5
123.3
129.9
124.9
135.3
142.1
124.8
111.9
154.2

231.1
125.9
124.8
116.4
121.1
118.4
121.0
111.6
101.4
126.5

238.8
126.8
130.0
121.2
132.3
121.5
114.1
118.7
108.0
138.5

242.5
126.7
130.8
122.7
123.1
118.7
120.0
124.3
112.3
149.3

243.9
122.5
122.4
130.0
135.3
127.6
141.5
123.9
116.2
153.4

249.3
119.9
116.5
122.6
125.3
111.3
131.1
121.8
113.4
153.5

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

365
366
367
3672–9
369
3691

.18
2.00
3.41
3.35
.67
.11

91.9
175.4
465.2
480.5
120.7
119.8

103.5
178.3
483.6
499.0
120.9
111.3

101.0
177.2
494.6
511.3
123.4
121.9

98.5
180.8
498.5
515.5
122.2
108.3

99.9
181.3
510.0
527.6
119.6
105.2

99.2
183.5
528.7
547.1
126.5
128.9

89.6
173.9
466.3
482.4
120.9
118.3

89.7
175.1
474.4
490.1
115.5
105.3

112.2
176.5
493.1
507.4
123.9
125.6

111.4
181.6
500.9
517.0
129.3
145.6

118.2
182.2
512.1
526.9
123.5
118.6

112.6
187.7
535.5
552.5
130.6
136.9

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

37
371

3714
3716

8.62
5.15
1.40
1.58
1.51
.90
.61
2.12
.06

113.0
132.5
103.2
147.1
147.3
154.2
140.0
147.3
108.2

112.2
130.0
105.2
131.5
131.1
131.9
131.8
151.1
98.2

117.0
138.9
110.4
154.8
154.2
161.2
146.7
151.8
113.7

118.8
141.2
111.6
156.0
156.3
166.5
144.7
155.3
129.9

118.2
139.6
107.2
156.6
156.8
168.6
143.0
155.3
108.0

122.2
146.9
112.0
168.4
168.4
179.7
155.4
160.7
136.1

118.4
142.9
111.1
157.5
158.1
164.1
149.5
160.1
105.8

92.8
92.0
71.5
93.7
91.9
86.5
98.9
107.8
97.9

117.5
141.4
110.7
154.1
153.5
156.3
149.5
159.1
105.1

118.8
141.7
109.4
162.4
162.6
172.1
149.4
154.1
124.1

124.2
152.5
120.9
174.8
176.0
189.1
157.6
163.4
121.8

122.3
146.6
113.3
168.1
168.3
178.8
153.5
159.7
116.8

372–6,9
372
373
374–6,9

3.47
2.29
.40
.78

93.8
98.4
87.2
82.3

94.6
100.0
85.4
82.0

95.5
101.5
83.6
82.4

96.8
103.7
83.2
82.1

97.2
104.5
84.7
81.0

98.0
105.9
83.6
80.9

94.5
99.3
86.6
82.8

92.8
98.2
83.6
80.4

94.1
99.7
83.2
81.5

96.3
103.0
83.5
81.7

96.7
104.0
83.7
80.2

98.6
106.7
83.5
80.7

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

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

14

Table 6 (continued)
INDUSTRIAL PRODUCTION: INDUSTRY SUBTOTALS AND INDIVIDUAL SERIES
Index, 1992 = 100
Item
Instruments
Scientific and medical
Medical instruments

1996
IP
SIC Proportion1

Seasonally adjusted
1997
June

July

Not seasonally adjusted

Aug.

Sept.r

Oct.r

Nov.r

1997
June

July

Aug. Sept.r

Oct.r

Nov.r

38
381–4
384

4.76
3.89
1.45

107.9
106.5
109.7

108.0
106.7
110.5

109.2
107.8
112.5

108.9
107.4
111.8

109.7
108.7
114.8

110.2
109.4
113.6

109.5
108.3
115.0

109.4
108.6
120.0

111.4 112.1
110.7 111.2
122.9 122.7

110.0
109.0
116.4

109.5
108.3
109.4

Misc. manufactures
Consumer goods
Business supplies

39
391,3,4,6
395,9

1.34
.66
.68

126.0
122.9
129.1

127.0
124.4
129.7

126.7
122.8
130.6

126.1
122.2
130.1

126.5
121.8
131.4

125.2
120.8
129.6

126.3
121.9
130.6

121.7
116.5
126.9

127.1 129.0
122.1 124.9
132.1 133.0

130.3
126.7
134.0

129.5
127.0
132.0

Electric utilities
Generation
Fossil fuel
Hydro and nuclear

491,3pt

6.08
2.43
1.15
1.27

110.7
110.8
108.8
113.0

113.8
112.7
113.1
112.5

113.1
112.2
108.7
115.8

115.7
115.4
118.3
113.0

117.2
115.3
118.5
112.5

114.5
113.5

114.7
117.5
114.4
120.7

128.9
125.8
132.1
120.3

126.5 118.0
122.5 113.1
126.6 120.8
119.1 106.2

107.9
103.7
111.6
96.6

106.0
107.0

3.66
1.56
2.10
1.30
.80

110.6
108.1
112.4
116.1
107.1

114.7
116.0
113.8
118.7
106.8

113.8
115.8
112.3
116.0
107.1

116.0
116.5
115.8
120.4
109.1

118.6
120.1
117.6
123.6
108.9

115.2

113.0
107.0
117.3
121.7
110.8

131.2
139.9
124.9
135.0
110.0

129.5
136.8
124.3
131.7
113.5

121.6
121.3
121.9
128.7
111.9

111.1
102.1
117.5
122.1
111.0

105.5
107.7

1.60
.73
.27
.48

111.9
106.5
118.7
110.9

113.5
106.7
113.4
117.6

112.5
105.4
120.1
113.6

112.7
103.0
124.9
115.4

114.9

114.3

63.3
40.9
62.9
86.5

62.0
33.5
58.2
93.3

60.0
30.2
59.1
91.8

60.0
33.5
61.8
87.0

79.8

122.1

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

492,3pt

113.1

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

Table 7
INDUSTRIAL PRODUCTION: GROSS VALUE OF PRODUCTS
Billions of 1992 dollars at annual rates, seasonally adjusted
1996
Item
1992
1997
Q3
Products, total
Final products
Consumer goods
Durable
Automotive products
Other durable goods
Nondurable
Equipment, total
Business and defense
Business
Defense and space
Intermediate products
Construction supplies
Business supplies
Commercial energy products

Q4

1997
Q1

Q3r

Q2

Q4p

1997
July

Aug.

Sept.r

Oct.r

Nov.r

Dec.p

2001.9 2383.3 2304.6 2317.4 2343.8 2361.5 2389.1 2427.3 2368.4 2402.0 2396.9 2411.6 2432.5 2437.9
1552.1 1862.7 1800.0 1805.9 1828.0 1840.7 1868.0 1899.8 1849.1 1879.3 1875.6 1885.8 1905.2 1908.4
1049.6 1201.0 1177.9 1182.5 1188.3 1190.7 1199.8 1219.1 1191.0 1205.2 1203.3 1211.5 1221.3 1224.5
238.3 314.1 308.7 302.2 309.4 305.4
311.8 322.6 302.0 316.5 316.9 314.7 327.7 325.4
123.8 162.6 160.7 154.4 160.5 154.7 159.9 169.0 148.7 164.2 166.6 164.4 173.6 168.9
114.4 151.8 148.1 148.2 149.1 151.1 152.2 153.6 154.2 152.4 150.1 150.3 153.9 156.7
811.3 887.4 869.7 880.3 879.3 885.4 888.5 897.5 888.6 889.5 887.2 897.2 895.0 900.2
502.5
483.9
399.2
84.7

661.4
634.1
570.1
64.2

621.4
594.9
529.2
65.7

622.7
597.2
531.9
65.2

639.3
612.3
547.9
64.5

649.6
621.8
557.4
64.5

668.0
640.3
576.8
63.7

680.6
654.0
590.5
63.8

657.8
629.7
566.2
63.7

674.0
646.3
582.7
63.8

672.3
644.7
581.4
63.6

674.2
647.3
584.0
63.5

683.9
657.4
593.9
63.8

683.8
657.2
593.4
64.0

449.9
177.2
272.7
70.4

521.3
215.8
305.2
81.3

505.2
210.9
294.0
79.2

511.7
212.4
299.0
80.8

516.1
214.3
301.6
80.3

521.1
216.6
304.2
81.9

521.9
215.3
306.3
82.2

528.6
216.9
311.4
83.1

519.9
215.0
304.6
81.9

523.7
217.5
305.8
81.5

522.2
213.4
308.6
83.2

526.6
214.6
311.7
84.5

528.5
217.5
310.7
82.2

530.6
218.4
311.8
82.5

Table 8
DIFFUSION INDEXES OF INDUSTRIAL PRODUCTION
Percent
Year
One Month Earlier
1995
1996
1997
Three Months Earlier
1995
1996
1997
Six Months Earlier
1995
1996
1997

Jan.

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.

Oct.

Nov.

Dec.

58.9
38.9
50.2

43.8
63.8
64.9

49.8
56.6
54.0

44.2
57.4
54.2

51.7
59.6
50.2

49.8
61.9
52.8

49.8
54.0
57.2

59.6
55.5
52.3

57.0
54.3
54.4

43.0
50.6
59.1

51.3
57.0
67.4

47.2
56.4

69.8
43.0
53.2

58.9
53.6
63.0

52.1
54.0
58.9

47.5
69.1
63.0

47.5
66.0
54.7

52.5
67.5
52.8

52.5
62.3
55.1

56.2
60.8
59.3

61.5
56.6
55.9

55.5
58.1
55.3

49.4
55.8
67.4

47.9
58.9

67.9
48.7
63.0

66.8
49.4
65.3

62.6
55.5
64.2

61.1
58.9
60.8

55.8
61.5
59.1

50.6
69.1
61.5

43.8
67.5
63.9

50.6
63.8
60.8

55.5
66.0
60.1

49.4
60.4
61.2

54.3
60.8
68.1

52.5
57.0

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

15

Table 9
ELECTRIC POWER USE: MANUFACTURING AND MINING
Index, 1992 = 100
1992
Billion
KWH
934.1

Seasonally adjusted
1997
June
105.6

July
105.6

854.0
365.8
488.3
80.1

105.8
104.4
107.0
102.4

INDUSTRY GROUPS and SERIES
Metal mining
10
Iron ore
101
Copper ore
102

18.6
7.3
6.6

Coal mining

12

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

Not seasonally adjusted
106.0

1997
June
107.4

July
106.4

Aug.
108.9

Sept.r
109.2

Oct.r
107.4

Nov.p
105.0

106.4
106.6
106.3
102.6

106.1
106.9
105.5
104.0

107.8
106.5
108.8
101.7

107.0
105.8
107.9
98.5

109.5
108.2
110.5
101.3

109.7
108.5
110.6
102.5

107.7
107.7
107.8
102.5

105.1
105.6
104.7
103.9

111.6
108.3
119.0

115.2
114.1
121.7

114.4
114.6
120.7

109.8
110.8
114.7

112.9
115.6
117.0

116.9
120.2
120.5

112.3
110.5
120.6

115.7
118.6
121.1

114.9
116.9
120.8

98.8

100.8

98.1

97.1

94.4

82.4

90.8

94.8

94.7

98.8

92.8
92.3
89.5

92.2
90.8
99.6

95.2
94.8
92.4

92.0
90.9
91.0

97.4
97.2
90.8

95.1
94.6
93.0

92.6
91.8
91.0

91.5
89.6
97.9

94.7
94.1
92.1

92.0
91.2
90.5

94.7
94.6
89.8

112.5
142.1
110.0
103.5

111.4
143.6
112.5
98.7

112.5
147.5
109.9
100.5

111.3
146.1
111.2
98.1

114.1
146.7
109.9
103.5

112.6
148.6
111.1
99.5

113.9
149.3
116.5
102.4

111.3
148.8
119.3
96.8

113.9
156.9
118.7
98.4

115.5
156.7
120.7
99.9

116.6
159.6
120.3
101.9

115.2
162.3
118.7
98.8

58.8
10.3
6.8
8.1
11.4
3.5
4.0
3.9
6.1
4.7

110.4
113.5
101.2
108.4
124.7
107.6
111.1
104.8
98.9
110.1

111.2
116.2
99.4
110.6
122.6
112.1
111.8
105.9
100.4
111.2

110.7
117.4
101.9
103.9
124.8
109.6
109.9
96.8
102.5
110.3

110.4
116.8
100.6
104.2
123.0
108.7
106.8
100.6
106.0
109.5

111.7
117.6
102.7
101.5
123.0
111.4
106.8
111.8
108.7
111.8

112.7
119.1
102.7
105.6
121.2
112.9
104.1
110.4
109.0
112.3

112.4
119.1
108.9
105.6
121.8
112.7
102.5
101.7
105.6
114.5

116.8
126.0
110.1
112.9
121.2
122.1
105.6
97.3
112.9
121.0

120.2
129.1
111.9
121.5
126.1
121.9
106.3
94.1
117.2
122.4

121.9
129.0
109.7
128.3
127.3
121.8
106.5
98.0
122.2
122.4

116.3
120.4
103.4
114.0
128.7
115.4
108.8
108.6
113.5
115.8

112.2
116.6
97.8
105.9
125.2
110.0
122.5
113.5
104.3
110.7

21

1.5

98.2

97.9

98.4

105.4

104.4

106.5

99.9

100.7

108.1

117.2

111.1

105.0

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

22
221–4
225
226
228
229

31.5
11.8
4.1
2.5
8.3
3.4

106.7
101.0
103.0
131.1
103.6
120.6

112.7
107.4
106.7
133.6
103.5
126.4

105.7
107.3
106.5
123.6
96.0
117.9

111.1
108.8
105.6
127.0
104.0
125.0

107.5
101.5
106.4
130.1
98.5
121.5

109.6
108.6
104.5
126.6
100.3
124.4

115.6
109.4
113.6
137.7
113.1
128.8

111.1
107.9
111.4
124.3
102.9
125.2

120.9
120.9
122.2
130.1
110.0
132.2

122.3
119.9
119.0
135.9
115.6
134.9

111.2
105.8
111.0
131.0
103.6
127.6

107.2
105.3
99.8
128.1
97.3
121.7

Apparel products
Men’s outerwear
Women’s outerwear

23
231,2
233

8.2
2.0
2.5

91.7
85.2
115.3

96.3
88.4
120.9

93.2
86.7
119.0

93.6
87.2
119.0

98.0
89.7
122.9

98.1
89.1
120.3

99.1
90.8
125.8

105.2
94.6
133.3

110.4
99.4
144.2

108.7
98.3
140.1

100.4
91.7
126.3

93.3
85.9
114.1

Lumber and products
Lumber
Millwork and plywood

24
242
243

19.8
7.7
5.6

122.0
119.6
132.6

123.7
123.3
135.7

121.8
120.4
135.3

121.8
121.0
133.3

120.5
119.7
132.3

119.1
117.5
128.6

120.9
118.6
131.4

119.1
115.8
131.0

121.3
118.3
134.9

121.3
119.2
133.0

119.9
118.2
131.9

120.2
119.5
129.7

Furniture and fixtures
Household furniture

25
251

6.0
3.2

118.0
112.7

119.0
113.5

115.3
109.7

116.4
110.4

116.8
110.9

119.2
114.0

118.9
113.3

116.7
107.1

123.6
115.6

123.5
115.7

118.2
112.3

117.6
112.4

Paper and products
Wood pulp
Paper
Paperboard
Paperboard containers
Converted paper products

26
261
262
263
265
267

113.3
8.8
62.3
28.3
5.1
8.9

102.8
91.9
103.8
106.7
102.9
100.0

103.9
95.7
104.5
107.6
105.5
100.5

101.5
86.3
101.8
110.4
101.8
99.5

103.2
89.0
102.6
117.4
103.3
100.3

104.8
91.8
103.9
119.1
105.0
102.8

102.3
84.9
102.1
113.0
105.7
100.5

103.3
91.3
103.9
107.8
104.2
102.3

104.7
92.9
105.1
109.2
107.5
102.6

105.3
87.1
105.5
113.3
108.5
104.5

104.7
85.7
103.8
117.7
108.8
104.4

105.0
89.0
104.1
118.5
107.1
103.9

102.6
88.5
102.5
112.3
105.3
99.9

Printing and publishing
Newspapers
Commercial printing

27
271
275

17.3
3.6
9.2

106.4
101.7
111.7

110.0
106.2
114.6

108.9
104.1
114.5

108.9
103.8
115.4

112.1
105.2
118.5

111.4
103.2
120.4

110.5
106.6
115.7

121.0
116.8
126.6

124.8
115.6
132.8

122.4
114.3
130.3

115.5
106.8
122.7

107.8
99.6
116.8

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

171.7
78.9
14.9
38.3
14.0
24.3

106.7
100.7
83.1
96.8
104.8
92.9

101.4
91.7
81.7
84.0
99.4
76.3

103.4
94.9
80.2
90.0
103.7
83.3

103.5
96.1
79.4
91.9
102.0
86.9

101.3
91.7
80.6
84.9
108.3
73.3

100.6
92.0
80.8
81.8
105.2
70.2

107.1
100.2
82.8
96.1
102.9
92.7

102.5
91.2
81.9
81.2
100.4
71.7

104.7
94.2
80.4
86.2
105.8
76.5

104.9
95.9
76.9
89.7
102.4
83.5

102.2
92.6
82.1
85.9
106.6
75.7

99.9
91.5
78.9
82.1
105.8
70.3

Aug.
105.2

Sept.r

Oct.r

Nov.p

105.6

106.2

105.8
105.6
106.1
102.3

105.3
104.9
105.6
103.1

105.7
105.2
106.2
103.1

110.6
112.8
114.0

113.1
114.6
117.3

117.1
121.5
119.1

12.7

100.4

99.8

13
131
132

36.0
31.0
3.6

93.7
93.2
91.0

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

14
142
144
147

12.8
3.5
2.7
4.7

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

Item
Total

1987 SIC

MAJOR INDUSTRY GROUPS
Manufacturing
Durable
Nondurable
Mining

Tobacco products

16

Table 9 (continued)
ELECTRIC POWER USE: MANUFACTURING AND MINING
Index, 1992 = 100
1987 SIC

1992
Billion
KWH

Seasonally adjusted
1997
June

July

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

29.2
18.3
6.7
3.0
39.2
9.7

111.8
125.3
130.5
110.7
116.0
112.7

Petroleum products

29

47.0

Rubber and plastics products
Tires
Rubber products, nec
Plastics products, nec

30
301
306
308

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

Not seasonally adjusted

Aug.

Sept.r

Oct.r

Nov.p

1997
June

July

Aug.

Sept.r

Oct.r

Nov.p

112.7
128.9
127.9
110.4
115.0
112.9

112.1
128.3
130.8
110.2
121.9
112.7

109.5
129.7
127.9
111.4
119.3
114.0

109.6
132.3
132.5
110.1
123.9
114.1

108.5
135.6
132.9
109.7
120.1
114.0

113.6
128.0
137.7
113.1
115.0
112.4

114.9
131.2
140.6
117.9
114.7
112.4

114.9
131.4
144.6
119.9
124.4
112.3

111.6
132.5
143.1
121.0
121.7
112.6

110.2
131.4
136.5
112.0
125.7
113.0

107.1
132.8
127.4
104.5
119.2
114.6

104.3

106.2

106.2

104.1

110.3

106.5

105.8

108.3

109.0

108.3

109.8

106.0

38.0
4.3
3.2
28.9

121.2
105.4
112.6
126.4

123.5
108.4
113.4
128.7

120.9
104.0
114.8
125.9

121.1
107.3
114.6
125.5

121.9
108.4
115.9
126.1

123.0
107.9
117.1
127.6

125.4
108.5
115.8
130.9

124.7
110.4
114.1
129.9

126.4
112.8
121.2
130.5

127.2
115.4
120.0
131.3

124.7
112.0
118.5
128.8

122.1
107.9
114.8
126.7

31
314

1.0
.3

83.4
80.5

86.8
83.5

81.3
77.7

80.8
75.2

86.9
81.7

84.6
81.3

87.6
85.1

87.7
86.5

88.4
87.6

87.9
85.3

86.8
83.0

82.5
78.2

32
321
322
324
325
327

33.8
1.5
7.3
9.6
1.4
4.7

109.4
109.4
102.7
112.6
105.1
111.0

109.4
107.3
105.5
109.6
106.1
113.6

108.3
99.7
101.9
113.7
102.7
111.6

108.7
103.5
105.7
108.7
104.5
110.7

107.8
104.6
102.9
107.6
99.5
112.6

108.4
108.8
107.6
104.9
98.9
112.5

112.0
111.4
103.6
118.0
107.5
113.1

109.8
108.4
105.2
112.6
106.8
113.4

112.2
102.7
105.4
120.4
104.8
114.3

112.2
107.4
108.0
114.1
107.6
114.3

111.5
106.4
105.6
115.3
100.8
115.2

110.6
108.5
107.7
111.6
99.7
114.2

Primary metals
Basic steel and mill products
Iron and steel foundries
Primary nonferrous metals
Aluminum
Nonferrous foundries

33
331
332
333
3334
336

150.9
57.0
9.9
66.2
60.3
2.7

96.8
110.7
112.9
75.0
58.6
116.9

97.4
111.2
110.1
75.5
59.7
120.7

97.2
110.5
110.6
76.6
64.6
126.7

97.5
111.3
111.1
77.3
66.4
121.8

97.7
114.2
109.2
76.1
64.4
122.8

98.6
114.3
111.4
77.6
67.5
125.4

97.3
111.2
111.8
75.9
63.4
116.2

94.9
106.2
104.0
76.7
63.7
114.6

96.4
109.6
106.4
76.8
63.9
126.6

96.6
109.0
114.3
75.5
63.6
124.9

98.3
113.4
112.7
76.6
64.4
126.0

97.7
112.1
114.9
75.8
63.6
127.7

Fabricated metal products
Metal containers
Hardware, tools, and cutlery
Structural metal products
Fasteners
Metal stampings

34
341
342
344
345
346

31.4
2.9
2.7
5.4
1.7
6.7

112.7
105.5
106.0
109.8
116.5
117.7

113.8
109.4
108.3
112.7
114.8
118.3

114.0
108.3
108.5
115.3
110.8
118.3

112.7
107.1
107.0
111.5
113.3
117.4

116.0
109.4
110.9
114.4
117.8
120.8

115.8
106.4
109.6
111.8
116.0
127.1

114.7
108.5
108.8
109.4
118.5
121.2

114.9
112.5
111.2
113.2
115.8
114.7

118.0
110.2
115.2
117.2
116.9
120.2

118.0
111.6
114.2
114.5
119.7
123.2

116.9
109.5
112.2
114.2
119.5
123.0

114.3
105.6
107.6
110.9
113.9
125.4

Industrial machinery
and equipment
Engines and turbines
Farm
Construction and allied
Metalworking
Special industry
General industrial
Computer and office equip.
Service industry machines

35
351
352
353
354
355
356
357
358

33.2
2.6
2.0
3.8
4.1
2.4
5.2
5.1
3.5

104.6
105.1
103.8
101.6
105.7
123.2
108.8
82.4
106.1

108.8
110.3
114.7
105.3
110.2
125.0
113.2
85.3
110.3

107.6
103.6
109.7
105.5
111.7
120.3
109.2
88.2
107.8

106.9
103.9
111.7
103.2
107.9
124.2
109.2
85.8
107.0

109.6
106.6
111.1
112.3
113.9
120.8
112.9
84.7
109.5

108.8
107.1
114.1
108.6
112.1
120.8
111.4
84.1
109.8

108.0
107.2
103.4
105.1
108.1
125.9
111.7
86.7
111.9

113.4
104.3
105.8
111.2
114.6
131.4
115.8
93.1
116.1

114.7
109.6
106.3
110.9
120.5
130.4
117.5
92.4
116.8

113.9
109.0
109.2
111.3
116.2
133.8
117.3
89.6
115.4

109.8
107.1
106.4
110.3
114.6
122.0
113.2
85.1
110.2

106.0
107.5
113.6
107.7
108.0
115.5
108.3
82.1
106.7

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

36
361
362
363
364
365
366
367

33.0
1.3
4.0
2.4
3.0
.8
3.3
14.5

110.8
95.3
94.2
96.7
107.5
122.3
104.0
122.8

113.2
93.7
94.1
96.4
112.5
122.8
106.9
125.8

111.0
92.5
92.7
92.1
115.3
119.5
104.8
123.4

111.6
96.4
92.1
96.7
109.9
122.7
104.1
124.9

114.4
94.2
94.4
96.1
112.3
123.7
109.2
127.8

114.7
97.2
96.6
93.1
110.9
121.8
109.6
126.9

114.6
97.3
96.9
98.9
112.6
124.4
108.7
127.0

117.7
98.3
97.6
98.0
113.5
125.7
115.3
131.7

119.0
102.2
96.3
96.7
117.9
130.3
115.0
132.6

119.7
105.6
96.0
100.5
115.8
130.9
114.9
134.0

115.8
95.9
94.1
97.4
114.2
127.1
109.2
128.8

112.0
93.6
94.0
91.0
109.5
120.1
105.4
123.9

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

37
371
372
373

39.6
22.8
10.7
2.2

107.0
118.6
89.4
85.2

107.0
116.6
93.3
79.9

107.1
117.3
92.6
82.5

109.3
120.3
92.6
82.1

113.3
126.7
93.1
86.0

112.4
124.1
96.0
87.1

111.9
124.7
93.1
85.5

108.4
116.7
96.9
81.3

114.5
125.8
99.1
83.7

116.6
129.3
98.5
83.0

114.5
128.2
94.6
84.1

109.9
121.7
93.5
85.1

Instruments
Photographic equip. & supplies

38
386

13.7
1.8

95.5
90.4

97.5
95.3

96.8
91.0

95.7
91.2

96.8
85.3

98.8
94.4

99.3
92.0

104.5
98.7

105.3
97.8

103.9
96.0

98.7
88.1

94.9
90.2

39

4.5

121.6

127.8

124.5

122.7

129.9

127.7

126.1

132.8

134.6

132.1

131.4

124.3

909.8
835.3
98.8

106.2
106.3
100.5

106.9
106.1
99.7

106.1
105.7
100.2

106.4
106.3
100.2

107.7
106.2
103.4

107.6
105.8
102.1

108.0
108.0
97.9

108.0
106.8
101.0

110.4
109.4
101.5

110.4
109.9
98.4

108.8
107.6
104.2

106.6
105.3
101.3

Item

Miscellaneous manufactures
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. The release also includes monthly indexes on
the use of electric power in manufacturing and mining. Data in the release and
historical data are available under statistical releases at http://www.bog.frb.fed.us,
the Board’s World Wide Web site. These data are also available on line on the day of
issue through the Economic Bulletin Board of the Department of Commerce. For
information, call (202) 482-1986. Diskettes containing historical data and the data
published in this release are available from the Board of Governors of the Federal
Reserve System, Publications Services, (202) 452-3245.

Industrial Production
Coverage. The industrial production (IP) index measures output in the
manufacturing, mining, and electric and gas utilities industries; the reference period
for the index is 1992. For the period since 1992, the total IP index has been
constructed from 264 individual series based on the 1987 Standard Industrial
Classification (SIC). These individual series are classified in two ways: (1) market
groups (shown in table 1), such as consumer goods, equipment, intermediate
products, and materials; and (2) industry groups (shown in tables 2 and 6), such as
two-digit SIC industries and major aggregates of these industries—for example,
durable and nondurable manufacturing, mining, and utilities.
Market groups. For purposes of analysis, the individual IP series are grouped into
final products, intermediate products, and materials. Final products are assumed to be
purchased by consumers, businesses, or government for final use. Intermediate
products are expected to become inputs in nonindustrial sectors, such as
construction, agriculture, and services. Materials are industrial output requiring
further processing within the industrial sector. Total products comprise final and
intermediate products, and final products are divided into consumer goods and
equipment.
Timing. The first estimate of output for a month is published around the 15th of the
following month. The estimate is preliminary (denoted by the superscript “p” in
tables) and subject to revision in each of the subsequent three months as new source
data become available. (Revised estimates are denoted by the superscript “r” in
tables.) After the fourth month, indexes are not revised further until the time of an
annual revision or a benchmark revision. The last three benchmark revisions were
published in 1990, 1985, and 1976.
Source data. In annual or benchmark revisions, the individual IP indexes are
constructed from a variety of source data, such as the quinquennial Censuses of
Manufactures and Mineral Industries and the Annual Survey of Manufactures,
prepared by the Bureau of the Census; the Minerals Yearbook, prepared by the
Department of the Interior; and publications of the Department of Energy. On a
monthly basis, the individual indexes of industrial production are constructed from
two main types of source data: (1) output measured in physical units and (2) data on
inputs to the production process, from which output is inferred. Data on physical
products, such as tons of steel or barrels of oil, are obtained from private trade
associations as well as from government agencies including those listed above; data
of this type are used to estimate monthly IP where possible and appropriate. When
suitable data on physical product are unavailable, estimates of output are based on
either production-worker hours or electric power use by industry. Data on hours
worked by production workers are collected in the monthly establishment survey
conducted by the Bureau of Labor Statistics. The data on electric power use are
described below. The factors used to convert inputs into estimates of production are
based on historical relationships between the inputs and the comprehensive data used
to benchmark the IP indexes; these factors also may be influenced by technological
or cyclical developments. Especially for the first and second estimates for a given
month, the available source data are limited and subject to revision.
Weights. In the index, series that measure the output of an individual industry are
weighted according to their proportion in the total value-added output of all
industries. The industrial production index, which extends back to 1919, is built as an
annually weighted chain-type index since 1977. The components of IP are combined
using estimates of value added per unit of output. For months from January to June,
the weights are drawn from the year containing the month being estimated and the
preceding year; for months from July to December, the weights are drawn from the
current and following year. The IP proportions shown in column 1 of tables 1A, 2A,
and 6 are estimates of the industries’ relative contributions to overall growth in the
following year. For example, a 1 percent increase in durable goods manufacturing in
1997 would account for an increase in total IP of nearly 1/2 percent.
Seasonal adjustment. Individual series are seasonally adjusted by the X–11 ARIMA
method, developed at Statistics Canada. For series based on production-worker
hours, the current seasonal factors were estimated with data through October 1997;
for other series, the factors were estimated with data through at least June 1997. In
some cases, series were preadjusted for the effects of holidays or the business cycle
before using X–11 ARIMA. For the data since 1977, all seasonally adjusted
aggregate indexes are calculated by aggregating the seasonally adjusted indexes of
the individual series.
Reliability. The average revision to the level of the total IP index, without regard to
sign, between the first and the fourth estimates was 0.28 percent during the 1987–96
period. The average revision to the percent change in total IP, without regard to sign,

18

from the first to the fourth estimates was 0.21 percentage point during the 1987–96
period. In most cases (about 81 percent), the direction of change in output indicated
by the first estimate for a given month is the same as that shown by the fourth estimate.
Rounding. The published percent changes are calculated from unrounded indexes,
and may not be the same as percent changes calculated from the rounded indexes
shown in the release.

Capacity Utilization
Definition. Capacity utilization is calculated for the manufacturing, mining, and
electric and gas utilities industries. For a given industry, the utilization rate is equal to
an output index divided by a capacity index. Output is measured by seasonally
adjusted indexes of industrial production. The capacity indexes attempt to capture
the concept of sustainable practical capacity, which is defined as the greatest level of
output that a plant can maintain within the framework of a realistic work schedule,
taking account of normal downtime, and assuming sufficient availability of inputs to
operate the machinery and equipment in place. The 76 individual capacity indexes
are based on a variety of data, including capacity data measured in physical units
compiled by trade associations, surveys of utilization rates and investment, and
estimates of growth of the capital input.
Groups. Estimates of capacity and utilization are available for a variety of groups,
including primary and advanced processing industries within manufacturing,
durable and nondurable manufacturing, total manufacturing, mining, utilities, and
total industry. Component industries of the primary and advanced processing groups
within manufacturing are listed in the note on tables 2 and 3 of the release.
Weights. Although each utilization rate is the result of dividing an IP series by a
corresponding capacity index, aggregate utilization rates are equivalent to
combinations of individual utilization rates aggregated with proportions that reflect
current capacity levels of output valued in current-period value added per unit of
actual output. The implied proportions of individual industry operating rates in the
rate for total industry for the most recent year are shown in the first column of table 3.
Perspective. The historical highs and lows in capacity utilization shown in the tables
above are specific to each series and did not all occur in the same month. Industrial
plants usually operate at capacity utilization rates that are well below 100 percent:
none of the broad aggregates has ever reached 100 percent. For total industry and
total manufacturing, utilization rates have exceeded 90 percent only in wartime.

Electric Power
Data on electric power (expressed in kilowatt hours) are collected by the Federal
Reserve District Banks from electric utilities and also from manufacturing and
mining establishments that generate electric power for their own use (cogenerators).
The indexes of power use shown in table 9 are sums of kilowatt hours used by an
industry or industry group expressed as a percentage of that industry’s or group’s
usage in 1992. The first column of the table shows, for reference, electric power use
in billions of kilowatt hours as reported by manufacturing and mining industries in
the 1992 censuses of those industries. The supplementary group, “Total, less nuclear
nondefense,” is shown separately because the value-added proportion for the
nondefense nuclear material series (part of SIC 2819) in total IP is considerably
smaller than its share of total electric power use. Excluding this component from total
power use facilitates comparisons with total IP.

References
The annual revision published on December 9, 1997 will be described more
completely in the February 1998 Federal Reserve Bulletin.
A description of the aggregation methods for industrial production and capacity
utilization is included in an article in the Federal Reserve Bulletin, vol. 83 (February
1997), pp. 67–92. Industrial Production—1986 Edition contains a more detailed
description of the other methods used to compile the industrial production index, plus
a history of its development, a glossary of terms, and a bibliography. To obtain
Industrial Production—1986 Edition ($9.00 per copy), write to Board of Governors
of the Federal Reserve System, Publications Services, Washington, DC 20551. The
major revisions to the IP indexes and capacity utilization since 1990 have been
described in the Federal Reserve Bulletin (April 1990, June 1990, June 1993, March
1994, January 1995, and January 1996). The basic methodology used to estimate
capacity and utilization is discussed in the June 1990 Federal Reserve Bulletin.

Release Schedule for 1998
At 9:15 a.m. on January 16, February 17, March 17, April 17, May 15, June 16, July
16, August 14, September 16, October 16, November 16, and December 16.