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FEDERAL RESERVE statistical release
For release at 9:15 a.m. (EST)
January 17,1997

G.17 (419)
INDUSTRIAL PRODUCTION AND CAPACITY UTILIZATION

Industrial production advanced 0.8 percent in December after a similar gain in November. The output of
non-energy consumer goods, business equipment, and non-energy materials advanced sharply. The unseasonably mild
weather in December caused a large drop in the output of utilities, reducing the growth rate of overall production by about
0.3 percentage point. At 129.1 percent of its 1987 average, total industrial production in December was 5.1 percent
higher than it was in December 1995. For the fourth quarter as a whole, industrial production grew 4.1 percent at an
annual rate after an increase of 4.5 percent in the third quarter; growth in the fourth quarter was held down significantly
by strike-related losses in the motor vehicle industry. The utilization of industrial capacity increased 0.4 percentage point
in December, to 83.8 percent, the highest level since August 1995.
Market Groups
The output of consumer goods advanced 0.5 percent, led by a 2.2 percent increase in the output of durable
consumer goods. A surge in the production of appliances, which had been weak for several months, contributed a
(over)

INDUSTRIAL PRODUCTION AND CAPACITY UTILIZATION: SUMMARY
Seasonally adjusted
Percent chanae

Index. 1987=100
1996
Sept.r

Industrial Production

1996
Sept/

Oct.r

Nov.r

Dec.P

Total index
Previous estimates

127.2
127.1

127.1
126.9

128.1
128.0

129.1

.2
.1

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

123.1
116.8
172.0
115.4
133.4

123.1
116.7
172.5
113.8
133.1

124.4
118.2
174.6
115.2
133.8

125.2
118.7
176.6
115.8
135.1

.4
.3
.6
.8
-.1

Major industry groups:
Manufacturing
Durable
Nondurable
Mining
Utilities

129.6
142.3
115.6
101.9
125.4

129.5
141.5
116.2
102.0
125.5

130.4
142.8
116.7
102.7
128.4

131.8
144.7
117.6
104.0
124.1

.3
.0
.7
-.8
-1

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



Average
1967-96

1982

Low

Oct/

Dec. 95 to
Dec. 96

Nov/

Dec.P

-.1
-.2

.8
.9

.8

5.1

.0

1.0

1.2
1.2
1.2
.5

.6
.5
1.1
.5
.9

5.1
2.6
11.5
4.8
5.2

.7
.9
.5
.6
2.3

1.1
1.3
.8
1.2
-3.3

5.6
7.3
3.4
5.9
-.8

-.1

.3

-1.3

-.2
-.1

-.5
.5
.1
.1

Percent of Capacity
1996
1995
1988-89
Sept/ .... Oct/
Dec.
High

Nov/

Dec.P

Capacity
growth
Dec. 95 to
Dec. 96

82.1

71.8

84.9

82.9

83.4
83.3

83.0
82.9

83.4
83.3

83.8

4.0

81.4
80.7
82.8
87.5
87.0

70.0
71.4
66.8
80.6
76.2

85.2
83.5
89.0
86.5
92.6

81.9
80.2
86.0
87.7
92.2

82.3
80.5
86.7
91.2
91.4

81.9
80.0
86.6
91.3
91.4

82.2
80.6
86.1
91.9
93.4

82.8
81.1
86.9
93.0
90.2

4.5

5.3
2.4
-.1

1.5

substantial portion of the increase in durable consumer goods. In addition, the output of motor vehicles, which had
rebounded in November after the settlement of the strike at General Motors, rose slightly further in December. The
production of nondurable consumer goods was flat, held down by a large decline in utility output for residential use.
Excluding energy products, however, the nondurable consumer goods sector marked its fourth consecutive sizable
monthly increase; the sector (excluding energy products) had been quite sluggish since the beginning of 1995. The recent
strength has been concentrated in foods and tobacco and in chemicals.
The output of business equipment rose 1.1 percent in December, nearly matching the 1.2 percent jump
posted in November. The production of industrial equipment, which had been weak for much of 1996, increased sharply
in December, and the output of information processing equipment grew further.
The output of construction supplies rose 0.5 percent in December after an upward-revised increase of
1.2 percent in November. But with output quite weak in October, growth in construction supplies for the fourth quarter as
a whole decelerated to a 3.5 percent annual rate after a 9.6 percent gain in the third quarter.
The output of materials increased 0.9 percent; the production of durable and nondurable materials rose
sharply, but the output of energy materials declined. Among durable materials, which advanced 1.6 percent, output grew
sharply in the parts and materials used primarily by the computer and motor vehicle industries. The output of nondurable
materials increased 0.6 percent in December after a rise of 0.8 percent in November; advances in textile and paper
materials led the increase in both months. The production of energy materials fell back 0.6 percent, a drop reflecting the
unseasonably mild weather in December.
Industry Groups
Factory output rose 1.1 percent after a revised increase of 0.7 percent in November; the production of
durable goods increased 1.3 percent, while that of nondurable goods rose 0.8 percent. Within the durable and nondurable
groupings, most major industries posted sizable gains. The only industries in which production was little changed were
lumber, printing and publishing, and chemicals. The output at mines rose again, but production at utilities was sharply
curtailed because of the mild weather.
For the fourth quarter as a whole, factory output advanced at a 4.1 percent annual rate. Production was held
down by strike-related disruptions in motor vehicles, which were mainly concentrated in October. Production, outside of
motor vehicles and parts, grew at an annual rate of 5.8 percent in the fourth quarter, up from its third quarter rate of
5.1 percent. The pickup in growth in this grouping reflected stronger growth in nondurable manufacturing, particularly in
foods, textiles and paper.
The factory operating rate increased 0.6 percentage point, to 82.8 percent. The rate for advanced-processing
industries rose 0.5 percentage point, to 81.1 percent; the rate for primary-processing industries rose 0.8 percentage point,
to 86.9 percent.
This release and the history for all published series are available on the Internet at http://www.bog.frb.fed.us, the
Board of Governors World Wide Web site.




Revision of Industrial Production and Capacity Utilization
The Federal Reserve will publish revisions of its measures of industrial production (IP),
capacity, capacity utilization, and industrial use of electric power on January 27,1997. The revisions of
IP, capacity, and capacity utilization will incorporate updated source data for recent years and will feature a
change in the method of aggregating the indexes. From 1977 onward, the value-added proportions used to
weight individual series will be updated annually rather than quinquennially. In addition, the IP indexes and
the capacity measures will be rebased so that 1992 actual output equals 100. Capacity utilization, the ratio of
IP to capacity, will be recomputed on the basis of revised IP and capacity measures.
The aggregate IP indexes will be constructed with a superlative index formula similar to that
introduced by the Bureau of Economic Analysis as the featured measure of real output in its January 1996
comprehensive revision of the National Income and Product Accounts. At present, the aggregate IP indexes
are computed as linked Laspeyres indexes, with the weights updated every five years. Because of the rapid
fall in the relative price of computers and peripheral equipment, that periodic updating of weights is too
infrequent to provide reliable estimates of current changes in output, capacity, and capacity utilization. With
the publication of the revision, value-added proportions will be updated annually, and the new index number
formula will be applied to all aggregates of IP, capacity, and gross value of product. For the most part,
relative price movements among the 260 individual components of the IP index are likely to have little
visible effect on total IP. However, the more frequent updating of the relative price of the output of the
computer industry could lower overall IP growth in some years by as much as 1/2 percentage point; in other
years, the updating of weights will have virtually no effect. Because the new index number formula will slow
capacity growth as well as IP growth, the effect of the reaggregation on overall capacity utilization should be
small.
The regular updating of source data for IP will include the introduction of annual data from the
7994 Annual Survey of Manufactures and selected 7995 Current Industrial Reports of the Bureau of the
Census. Available annual data on mining for 1994 and 1995 from the Department of the Interior will also be
introduced. Revisions to the monthly indicators for each industry (physical product data, production-worker
hours, or electric power usage) and revised seasonal factors will be incorporated back to 1992. In addition,
the benchmark index for semiconductor output will be revised back to 1977 to reflect a hedonic price index,
similar in concept to what is used for the computer industry.
The statistics on the industrial use of electric power will be revised back to 1972. These
revisions stem from three basic sources. First, the new figures incorporate more complete reports received
from utilities for the past few years. Second, an updated panel of reporters on cogeneration will be fully
integrated into our survey of electric power use. Third, the levels of the monthly electric power series for
manufacturing industries will be benchmarked to indexes derived from data published in the Census Bureau's
annual surveys and censuses of manufactures. These indexes will also be revised so that 1992 electric power
usage equals 100.
More detail on the plans for this revision is available on the Internet at
http://www.bog.frb.fed.us, the Board's World Wide Web site. Once the revision is published, the revised
data will be available at that site and on diskettes from the Board of Governors of the Federal Reserve
System, Publications Services, 202-452-3245. The revised data will also be available through the Economic
Bulletin Board of the Department of Commerce; for information about the Bulletin Board, call
202-482-1986. In addition to the data currently provided, the time series of implicit prices necessary for a
user to aggregate IP and capacity under the new methodology will be provided. For information on these
revisions, call the Industrial Output Section of the Board of Governors at 202-452-3151.



Industrial Production and Capacity Utilization
(December data, seasonally adjusted)
Industrial production indexes

Twelve-month percent change

Total industry

5 -

Twelve-month percent change

Manufacturing

/ ^ ^ \

l^^\

0 -5 -

-5
-10

-10
Durable
manufacturing

10
Materials

*» ' *

*^

10

%

5

5
0

-5

~
\
Y

i

t*T
/

r

*" "***
Nondurable
manufacturing

*" **

\

\

A

/

0

* *

Products

-5

-10

i

1994

1992

i

1992

1996

i

i

i

1994

-10

i

1996

Manufacturing

Total industry
Ratio scale, 1987 production = 100

Ratio scale, 1987 production = 100

160
145
130
115
100

Capacity

Production

85
70

_i

i

i

85
i

i

i

i

i

i

Percent of capacity

i

i

i

i

'

70

90

90
85

i

Percent of capacity

Utilization

85

Utilization

80

80

75

75

70
65

70
65
1985




1990

1995

1985
5

1990

1995

Table 1A
INDUSTRIAL PRODUCTION: MARKET GROUPS
Index, 1987=100
Item
Total index
Products, total
Final products

1996
Julv

Auq.

Seot.

Oct.

107.7

126.3

126.9

127.2

127.1

100.0

Not seasonally adjusted

Seasonally Adjusted

1992
Value
added1
Index

r

r

r

Nov.

128.1

Dec.P

1996
Julv

Auq.

Seot.r

Oct.r

Nov.r

Dec.P

129.1

124.6

130.0

130.4

128.2

126.8

126.7

127.2
130.8

127.8
131.5

125.0
128.7

122.6
126.4

121.9
125.8

60.6
46.3

106.4
108.7

122.5
126.7

122.7
126.5

123.1
126.8

123.1
126.9

124.4
128.2

125.2
129.2

120.9
123.5

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

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

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

117.3
131.2
143.4
149.6
116.1
209.3
129.3
120.5
145.4
104.6
118.4
114.0
112.1
88.5
137.8
108.2
117.4
111.1
120.0

116.5
127.5
137.5
140.9
110.7
194.7
128.8
118.7
137.6
105.8
117.6
113.8
111.4
88.7
136.8
108.5
119.7
112.2
122.9

116.8
126.2
135.8
136.4
107.3
188.0
133.2
117.7
134.8
105.6
117.0
114.6
112.3
88.3
139.2
108.6
119.5
110.0
123.4

116.7
122.4
128.4
126.1
91.8
188.1
131.6
117.2
136.4
104.0
116.1
115.4
112.7
89.1
142.1
109.4
118.9
113.0
121.3

118.2
125.7
135.2
135.0
101.7
194.8
134.0
117.3
135.3
106.0
115.6
116.4
113.4
88.5
143.6
109.8
122.3
111.3
126.8

118.7
128.4
135.9
136.4
95.6
210.8
133.3
121.8
148.8
106.3
118.5
116.4
115.0
88.9
143.5
108.9
117.4
111.5
119.8

113.3 121.1
105.5 127.0
98.7 134.7
84.4 135.9
68.8 105.0
111.9 191.0
126.2 130.6
111.4 120.3
126.2 138.2
99.2 109.9
111.7 118.1
115.3 119.8
111.7 119.4
92.7
88.1
1.50.7 151.7
106.8 109.3
113.7 113.2
112.5 112.9
114.1 113.1

121.6
131.0
141.5
142.1
106.4
206.3
138.6
121.8
140.7
109.9
119.9
119.4
120.2
92.5
153.5
109.0
104.9
112.5
101.4

118.8 116.2
131.0 125.1
140.1 132.9
141.0 133.6
102.6 100.9
210.5 192.4
136.6 129.8
123.0 118.3
148.2 136.4
108.7 101.6
119.9 119.9
115.9 114.0
118.5 112.4
88.1
91.3
143.6 137.1
107.4 109.7
99.8 116.4
113.2 115.3
93.7 ..116.7

114.5
115.3
112.9
105.8
75.7
160.3
125.9
117.3
132.9
100.5
120.1
114.5
108.6
85.9
134.9
109.6
139.0
116.3
148.7

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

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

112.5
123.4
137.8
172.6
105.7
135.8
112.9
103.3
84.8
79.9
94.2

142.0
170.3
233.4
540.0
128.0
144.2
151.8
123.3
64.5
99.1
164.8

142.8
171.1
236.5
553.5
128.9
141.1
143.3
121.9
65.0
99.9
173.7

143.2
172.0
240.1
568.0
128.3
140.3
138.4
121.7
64.7
94.8
171.5

143.4
172.5
242.1
576.5
128.4
136.8
129.3
124.1
64.1
96.0
170.7

144.7
174.6
243.8
586.9
123.4
144.2
138.1
125.7
63.5
96.5
165.1

146.3
176.6
246.8
596.9
129.8
145.2
137.1
127.5
63.8
98.8
168.0

140.2
168.4
242.9
573.4
129.3
111.6
94.4
121.3
63.2
97.0
152.4

146.4
176.4
249.2
599.7
132.1
137.6
139.7
123.4
63.8
100.7
188.3

147.5
Mil
249.3
591.6
133.5
141.4
141.8
124.1
64.7
100.9
181.4

144.9
173.9
243.6
581.3
128.4
142.4
141.7
122.6
63.9
104.3
189.8

143.3
171.8
239.6
566.0
126.9
141.4
135.2
123.5
64.2
106.0
162,1

144.3
173.0
246.2
592.8
128.3
128.5
106.0
127.6
65.4
106.8
141.6

- 14.3
5.3
9.0

99.3
95.2
1-02.0

109.9
112.0
108.7

111.2
114.4
109.3

111.9
115.4
110.0

111.8
113.8
110.7

112.7
115.2
111.3

113.0
115.8
111.4

113.2
114.3
112.6

116.4
118.4
115.3

116.8
120.3
114.7

113.7
117.6
111.3

110.9
113.5
109.4

110.2
110.5
110.1

39.4

10Q.7

132.1

133.5

133.4

133.1

133.8

135.1

130.3

134.2

134.4

133.1

133.3

134.2

151.7
146.7
185.0
128.5
124.3
12&.5
107.5
i 120:4
126.9
116.0
108.5
103.4
118.6

153.8
146.1
191.1
128.9
125.7
117.0
100.0
117.8
124.4
112.0
110.8
105.2
122.0

Intermediate products
Construction supplies
Business supplies
Materials

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

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

150.3
147.6
181.1
127.9
123.5
121.1
108.2
120.9
127.0
117.5
106.3
101.3
116.2

152.3
150.9
183.0
129.5
124.8
119.9
106.8
119.0
127.0
115.0
108.4
103.2
118.7

152.0
149.5
183.0
129.4
126.0
120.4
106.1
117.6
127.9
116.8
108.2
102.5
119.7

151.4
144.3
183.1
130.4
128.4
120.3
107.3
118.0
129.0
113.6
108.5
102.6
120.3

151.8 154.2
147.0 148.6
184.2 187.5
129.2 131.3
124.6 127.1
121.3 122.1
108.3 109.6
121.1 122.0
127.7 128.1
116.9 H48.0
109.7 109.1
103.7 103.9
121.8 119.5

147.4
138.9
179.0
127.1
120.4
118,499.7
117.8
125.9
-115:7
107.3
100.4
121.3

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

97.2
95.2
98.2

107.8
107.7
106.2

125.6
124.9
120.8

126.5
125.7
121.2

126.8
126.1
121.3

127.0
126.5
121.1

127.9
127.2
122.1

128.8
128.2
122.9

125.7
125.2
118.7

129.8
129.2
123.8

130.1
129.4
124.3

127.8
127.2
122.2

126.6
125.9
121.0

127.3
126.6*
120.6

Consumer goods excluding:
Autos and trucks
Energy

27.0
25.7

106.7
105.8

115.2
117.3

114.9
116.1

115.5
116.5

116.1
116.5

117.1
117.7

117.6
118.9

115.2
113.2

120.2
122.0

120.3
123.5

117.4
120.9

115.0
116.1

115.1
111.8*

Business equipment excluding:
Autos and trucks
Computer and office equipment

12.5
12.2

124.3
115.1

172.0
135.2

173.7
134.9

175.3
134.8

176.7
134.7

178.1
136.0

180.4
137.3

175.9
130.6

180.0
136.9

181.1
138.9

176.9
135.7

175.3
134.7

179.7
133.9

Materials excluding:
Energy

29.7

111.9

141.4

142.4

142.4

141.9

142.5

144.4

138.6

142.8

144.4

143,2

142.2

142.6

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

152.5 154.8 152.3
148.0 152.3 146.0
182.8 184.8 183.0
131.3 132.9 131.5
122.7 127.6 127.6
120.7 120:9: 122.5
T0&8 405.7 109.8
119.6 117:4- 118.0
126.9 128.9 123.0
,116.9 117.8 121.4
1M.3 106.1 104.7
99.5
103> 101.0
124.0 116.4 "115.2

SPECIAL AGGREGATES

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




Table 1B
INDUSTRIAL PRODUCTION: MARKET GROUPS
Percent change

Item

1995Q4
to
1996Q4

Seasonally adjusted
annual rate
1996
Q2
Q1
Q4P
Q3r

Seasonally adiusteci
1996
Oct.r Nov.r Dec.P
Sept/

Not seasonally adjusted
1996
Oct.r Nov.r Dec.P
Sept.r

Dec. 95
to
Dec. 96

Total index

4.5

3.0

6.7

4.5

4.1

.2

-.1

.8

.8

.3

-1.7

-1.1

-.1

5.1

Products, total
Final products

4.6
5.2

3.5
5.0

5.8
6.6

4.4
4.6

4.8
4.6

.4
.3

.0
.0

1.0
1.1

.6
.7

.5
.5

-2.2
-2.1

-1.9
-1.8

-.5
-.5

5.1
5.8

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

2.0
.5
2.0
1.8
-3.6
7.4
2.4
-.9
-1.6
-.3
-.8
2.5
2.6
-2.8
5.4
2.1
1.4
3.6
.5

-.1

3.0
20.5
31.4
53.1
100.4
16.5
-2.8
10.9
23.4
12.9
3.5
-1.3
1.3
-1.3
-8.7
3.8
-2.4
2.6
-4.3

1.8
2.8
10.9
17.4
17.7
17.0
-1.8
-4.7
-10.9
-4.6
-1.1
1.5
-.2
-1.6
10.6

.3
-1.0
-1.2
-3.3
-3.1
-3.5
3.4
-.8
-2.0
-.2
-.6
.6
.8
-.4
1.8
.0
-.2
-1.9
.4

-3.0
-5.5
-7.6
-14.5
.1
-1.2
-.5
1.2
-1.5
-.8
.7
.4
.9
2.1
.7
-.5
2.7
-1.7

1.2
2.6
5.3
7.1
10.8
3.6
1.8
.1
-.8
1.9
-.4
.9
.6
-.7
1.0
.4
2.8
-1.5
4.6

.5
2.2
.5
1.0
-6.1
8.2
-.5
3.8
10.0
.3
2.6
.0
1.4
.4
.0
-.9
-4.0
.1
-5.6

.4
3.1
5.1
4.6
1.4
8.1
6.1

-2.3
.0
-1.0
-.8
-3.6
2.0
-1.5
1.1
5.3

-1.4
-7.9
-15.0
-20.8
-24.9
-16.7
-3.0
-.9
-2.6
-1.0
.2
.4
-3.4
-2.4
-1.6

2.6
1.7

1.2
1.9
.1

-2.2
-4.5
-5.1
-5.2
-1.7
-8.6
-4.9
-3.9
-7.9
-6.6
.0
-1.6
-5.1
-3.6
-4.5

-9.1
-1.7
-11.8

3.5
-8.4
-15.5
-24.8
-43.9
1.1
8.0
-.7
2.5
.4
-3.1
7.0
6.6
1.6
15.7
3.5
2.2
3.1
1.8

-.1

-10.0
-12.2
-20.6
-34.8
-3.3
6.6
-7.9
-16.8
-8.5
-2.2
2.8
2.7
-9.4
5.6
-5.6
16.5
10.9
18.7

-10.4

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

9.9
11.0
17.4
40.6
-.2
16.3

12.0
11.0
17.9
45.5
-3.7
27.4
51.4
-1.7

6.1
8.3
13.4
26.0
1.5
.6
-24.2
11.8
-5.7
-3.5
-4.7

.3
.6
1.5
2.6
-.5

.2
.3
.8
1.5
.1
-2.5
-6.6
2.0
-.9
1.3
-.5

.9
1.2
.7
1.8
.0
5.4
6.8
1.2
-1.0
.5
-3.3

1.1
1.1
1.2

.7
.7
.0

1.7
1.1

-1.3

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

13.0
14.5
21.7
48.4

7.3

1.5
-.3
.7
-.2
1.2
-.3

-7.3
-.3

-1.1
.0
-2.9
-1.4
-1.3
-6.4
-1.5
-4.9
.6
-7.6
-1.8
-2.2
-2.3
-1.7
-3.8

2.2

-.1

16.7

19.3
.8
27.4

1.8

24.6
-1.1
-1.2
-1.6
-2.6
-1.2
-.7
-4.6
.7

.7
.7
2.8
4.7
1.1
-9.1
-21.6

2.3
3.3
-4.0
10.6
.5
1.1
4.9
-1.1
.2
2.8
4.0
Q

5.2
2.4
-1.8
2.7
-3.5
10.6
11.5
17.8
38.3

16.3
3.8

-.6
37.4
-.9

64.9
26.7

8.6
10.4
16.8
43.5
-2.4
20.3
13.5
.5
4.6
-16.3
-2.8

2.7
5.3
1.1

-1.4
.6
-2.6

3.0
7.7
.1

3.8
9.6
.2

5.5
3.5
6.8

.7
.8
.6

-1
-1.3
.7

.8
1.2
.5

.3
.5
.2

.3
1.6
-.5

-2.7
-2.3
-2.9

-2.5
-3.5
-1.8

-.6
-2.6
.7

2.7
4.8
1.3

4.4

2.2

8.0

4.5

3.1

-.1

-.2

.5

.9

.1

-1.0

.2

.7

5.2

4.3

7.6

20.4

7.4
13.7
7.7

2.5
-7.0
5.7
4.2
6.4
2.6
5.2
4.2
3.0
-.9
5.6
4.1
8.2

-.4
-3.5
.0
.7
1.9
.0

.2
1.9
.6
-.9

-1.6
-4.1
-1.0
-1.1

-.4
.5
1.1
-2.3
-2.6
-1.6
-2.1

-1.1
.7
1.6
-.1
-.7
.8

.3
.8
-2.8
.2
.0
.5

1.6
1.1
1.8
1.6
2.0
.6
1.2
.7
.3
.9
-.6

1.4
-.4
3.3
.2
1.1
-2.9
-7.0
-2.1
-2.0
-3.4

6.5
6.7

4.0
1.7
2.7
4.8

-.2
-.9
.0
-.1
1.0
.4
-.6

1.5

-3.6
11.0
1.7
-5.5
-5.0
-12.6
-11.5
-3.0

-.2
3.6
1.1

5.4
5.3
8.5
2.4
.3
3.1
3.1

2.9
4.7
.2
3.2
2.2
4.9

4.1

18.7
-23.7
4.5

6.7

9.7
-.2

1.2

-1.1
12.9
17.1
15.3
13.2
8.3

3.8
3.2
4.8

4.6
4.8
4.3

5.3
6.2
-7.0
-1.1
-3.0
2.4

-.6

-3.4
-.1
-.4

-5.1
-1.3

1.1

-3.0
.8
.9
2.6

-1.0

-.7
1.5
.5
2.4

1.1
2.8
1.5
.6
1.5
.1

1.7

.7

2.9
1.1
1.1
1.3

.2
-1.9

.7
.0

-3.7

-1.2
-1.1
3.4
4.7

2.9
1.1
1.2
4.0

3.3
1.9

1.3
4.8
2.9

-14.6

.7
-12.7

17.9
2.2

.3
1.7

2.1
1.7
2.9

9.7
3.2
.4
4.0
6.1
5.9
5.1
-.8
2.9
2.9
2.9

-.9
-1.1
-1.0

.6
.6
-.3

5.2
5.2
3.8

.1

1.6
.8

.0
1.3
3.9
.5
.1
3.1

-3.8
-2.4
-6.1

-1.3
-1.5
-1.1

-1.6
-4.5
3.6
4.0
3.0

.2

-1.8
-1.6
-1.7

.2
-2.8
-1.8

.2

16.6

2.0

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

4.7
4.7
3.1

3.9
4.5
1.4

5.5
4.8
5.2

4.1
3.9
2.9

5.2
5.6
3.1

.3
.3
.1

.2
.3
-.2

.6
.5
.8

.8
.8
.7

Consumer goods excluding:
Autos and trucks
Energy

2.1
2.1

1.6
-1.9

.0
3.7

.6
3.1

6.1
3.6

.6
.3

.5
.0

.8
1.1

.4
1.0

1.2

-2.4
-2.1

-2.0
-4.0

-3.7

2.5
3.1

12.0
3.7

18.4
7.0

8.2
2.8

10.2
1.8

11.5
3.0

-.1

-.1

.8
1.0

1.3
.9

.6
1.4

-2.3
-2.3

-.9
-.7

2.5
-.6

12.4
4.6

4.8

1.8

9.0

6.1

2.5

-.1

-.3

.4

1.3

1.2

-.9

-.7

.3

5.8

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

.9

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




.2
.4
.1

Table 2A
INDUSTRIAL PRODUCTION: INDUSTRY GROUPS
Index, 1987=100
Seasonallv Adjusted

1992
Value
Index
SIC added1

1996
Julv

Auq.

SeDt.

Oct.

100.0

107.7

126.3

126.9

127.2

85.4

108.2

129.0

129.2

Primary processing
Advanced processing

26.6
58.9

104.8
109.7

119.8
133.3

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

45.0
2.0
1.4
2.1

109.3
95.2
99.2
95.3

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

3.1
1.7
.1
1.4
5.0

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

Dec.P

Auq.

SeDt.r

Oct.r

Nov.r

Dec.P

128.1

129.1

124.6

130.0

130.4

128.2

126.8

126.7

129.5

130.4

131.8

126.9

132.7

134.1

131.9

129.2

128.0

120.3
134.0

120.4
133.7

120.1
135.3

121:4
13jB.7

117.8
131.2

121.5
138.0

122.7
139.5

122.6
136.3

119.7
133.8

117.9
132.7

142.2
109.0
110.7
107.0

142.3
108.3
110.8
108.2

141.5
107.3
112.2
107.2

142.8
108.0
112.8
106.8

144/7
107.9
114.4
108.0

136.5
105.6
109.1
108.9

144.0
113.7
117.9
110.9

146.0
113.4
117.1
111.1

143.6
113.3
113.3
110.5

141.8
106.4
110.6
107.0

141.6
101.8
112.6
103.9

118.6
122.8
112.9
113.0
117.2

120.1
124.1
114.5
114.6
118.1

120.9
123.6
114.0
117.1
117.9

124.0
129.8
112.9
116.4
117.5

118.3
122.9
110.0
112.2
118.3

121.8
126.6
113.3
115.4
119.0

114.0
119.3
110.0
107.0
116.6

117.4
120.8
111.0
112.8
120.8

122.4
125.5
113.1
118.0
121.7

123.3
128.5
112.5
116.5
119,4

118.0
122.3
109.6
112.2
118.6

118.8
122.7
110.5
113.5
118.5

124.0
172.6
123.5

205.8
540.0
190.1

210.5
553.5
190.2

211.3
568.0
190.2

212.3
576.5
189.3

214.9
586.9
189.9

218.4
596.9
193.5

211.1
573.4
185.8

217.8
599.7
191.1

218.3
591.6
194.2

212.2
581.3
191.9

208.3
566.0
191.8

214.4
592.8
194.9

372-6,9
38
39

9.5
4.8
2.5
4.7
5.4
1.3

104.8
107.4
102.1
102.3
1.06.3
106.9

120.3
154.5
149.4
87.3
112.3
124.1

118.7
150.3
140.9
88.2
113.6
124.0

117.9
148.0
136.4
89.0
113.7
124.0

113.8
138.0
125.4
90.4
113.7
124.1

118.4
146.3
134.7
91.6
113.8
124.4

119.3
147.0
135.4
92.7
114.7
126.4

99.0
112.5
84.7
86.0
114.1
118.8

116.1
146.5
135.7
86.9
115.6
124.6

119.6
151.6
141.6
88.9
116.9
127.4

117.7
146.8
140.2
89.7
114.1
128.3

117.7
145.0
133.3
91.6
113.3
128.9

111.2
128.6
105.2
94.5
114.6
127.4

20
21
22
23
26

40.5
9.4
1.6
1.8
2.2
3.6

106.7
106.9
95.8
104.0
95.0
110.0

115.2
115.8
90.8
112.4
90.1
121.5

114.8
114.6
92.1
110.1
90.6
118.9

115.6
115.5
92.9
109.6
90.1
119.5

116.2
116.5
91.2
110.3
90.0
118.2

116.7
116.9
93.8
111.5
89.4
120.9

117.6
118.3
96.2
112.5
90.1
122.0

116.2
117.8
75.8
106.6
88.3
118.9

120.3
122.1
98.1
113.8
93.3
120.0

121.0
124.4
93.8
112.4
93.1
119.6

119.0
122.0
100.9
115.9
91.0
120.4

115.4
116.9
91.6
108.5
90.0
119.5

113.0
114.9
78.6
100.4
89.7
116.4

27
28
29
30
31

6.8
9.9
1.4
3.5
.3

98.1
114.4
102.6
116.2
89.0

97.2
129.7
109.5
142.3
75.4

97.4
129.2
111.5
144.3
74.8

98.2
130.7
110.7
145.3
74.7

99.2
132.3
112.4
143.9
74.1

100.0
132.5
110.7
143.7
73.8

100.0
132.6
111.4
146.2
75.4

101.7
135.0
114.3
137.8
71.1

103.8
136.3
116.8
144.4
75.9

104.3
137.5
116.4
146.4
76.1

100.0
133.2
114.6
145.7
75.6

98.6
128.6
113.4
143.5
75.3

97.9
126.0
112.1
144.6
75.5

10
12
13
14

6.9
.5
1.0
4.8
.6

98.9
163.7
108.2
93.2
99.1

100.9
168.2
107.1
94.1
114.6

102.7
168.3
120.8
93.8
1.16.2

101.9
170.5
117.8
93.1
116.4

102.0
167.7
120.1
92.9
117.3

102.7
169.5
121.6
93.5
116.4

104.0
170.7
122.5
94.6
119.9

99.0
168.0
97.1
92.4
123.2

103.0
169.1
124.6
92.4
125.0

103.2
173.5
122.3
92.7
126.1

103.4
165.3
124.0
93.3
124.3

104.7
169.4
121.6
96.0
118.1

104.6
170.2
118.8
97.0
113.2

491,3pt
492,3pt

7.7
6.1
1.6

111.9
111.7
112.7

122.6
122.7
122.1

125.6
125.7
124.9

125.4
124.6
128.6

125.5
125.2
126.7

128.4
128.0
129.7

124.1
124.4
123.2

125.6
139.0
72.6

126.5
139.8
73.8

116.0
126.8
73.4

111.1
115.8
92.4

121.8
118.7
133.8

135.3
124.4
178.5

80.6
83.7

108.2
106.3

127.4
122.5

127.9
122.5

128.5
122.7

128.9
122.5

129.4
123.3

130.9
124.6

127.7
119.9

131.9
125.5

133.1
127.0

131.0
124.9

128.3
122.4

127.9
120.8

13.3
7.0
6.3
6.0
0.3

12.6
6.7
5.9
5.6
0.3

12.1
6.5
5.7
5.4
0.3

11.2
5.5
5.7
5.4
0.3

12.0
6.1
5.8
5.6
0.3

12.1
8.1
5.8
4.4
6.3
3.7
6.0 i 3.4
0.3 \ 0.3

12.3
6.4
5.9
5.6
0.3

12.2
6.2
6.0
5.7
0.3

13.3
6.6
6.7
6.4
0.3

11.5
5.9
5.6
.5.3
0.3

9.5
4.6
4.9
4.6
0.2

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

Not seasonallv adjusted

1996
Julv

r

Nov.

127.1

129.6

120.0
133.6

141.5
107.4
109.8
108.8

1.01.9
104.7
101.2
98.1
99.0

8.0
1.8
7.2

r

r

SPECIAL AGGREGATES
Manufacturing excluding:
Motor vehicles and parts
Computer and office equipment
Memo: Motor vehicle assemblies 2
Total
Autos
Trucks
Light
Heavy and medium

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




Table 2B
INDUSTRIAL PRODUCTION: INDUSTRY GROUPS
Percent change

SIC

Item

1995 Q4
to
1996Q4

Seasonally adjusted
annual rate
1996
Q4P
Q2
Q3r
Q1

Seasonally adjusted
1996
Oct.r Nov.r Dec.P
Sept/

Not seasonally adjusted
1996
Seot.r
Oct.r Nov.r Dec.P

Dec. 95
to
Dec. 96

Total index

4,5

3.0

6.7

4.5

4.1

.2

-.1

.8

.8

3

-1.7

-1.1

-.1

5.1

Manufacturing

4.8

2.4

7.1

5.7

4.1

.3

-.1

.7

1.1

1.1

-1.7

-2.0

-1.0

5.6

3.0
5.6

-1.4
4.1

6.7
7.2

4.9
5.9

2.0
5.0

.3
.3

.1
_2

-.3
1.1

1.1
1.1

1.0
1.1

-.1
-2.3

-2.4
-1.9

-1.5
-.8

3.5
6.5

6.5
1.8
2.8
2.7

5.5
-4.3
-2.9
-1.5

10.7
17.3
6.7
2.5

7.2
-2.5
-1.9
12.7

2.8
-1.8
10.1
-2.4

.0
-.7
.1
1.1

-.5
-.9
1.2
-1.0

.9
.7
.5
-.3

1.3
-.1
1.5
1.2

1.4
-.2
-.7
.2

-1.6
.0
-3.2
-.6

-1.3
-6.1
-2.4
-3.2

_2
-4.3
1.9
-2.9

7.3
1.0
4.7
3.6

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

2.1
4.2
-2.7
-.5
3.2

.1
4.3
-4.9
-5.1
6.0

2.5
.3
.7
5.3
.9

1.0
2.8
-1.3
4.4

5.0
9.8
-6.0
-.9
1.8

.7
-.4
-.5
2.2
-.2

2.5
5.0
-1.0
-.6
-.4

-4.6
-5.3
-2.5
-3.6
.7

2.9
3.0
3.0
2.8
.6

4.2
3.9
2.0
4.7
.8

.8
2.4
-.6
-1.3
-1.9

-4.3
-4.8
-2.6
-3.7
-.7

.7
.3
.9
1.2
.0

1.4
3.1
-4.0
-.7
3.5

15.2
40.6
4.4

19.5
48.4
7.7

14.1
45.5
5.9

15.5
43.5
2.4

12.0
26.0
1.6

.4
2.6
.0

.5
1.5

1.2
1.8
.3

1.6
1.7
1.9

.2
-1.3
1.6

-2.8
-1.7
-1.2

-1.8
-2.6
.0

2.9
4.7
1.6

14.9
38.3
5.9

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

372-6,9
38
39

7.3
2.3
1.5
15.8
2.8
1.6

-4.8
-20.7
-21.9
27.8
5.7
1.2

30.6
46.6
56.7
8.7
1.9
.0

13.4
14.4
17.7
11.6
.7
2.2

-6.0
-17.7
-26.3
16.2
3.1
3.0

-.6
-1.5
-3.2
1.0
.0
.0

-3.6
-6.7
-8.1
1.5
.0
.1

4.1
6.0
7.5
1.3
.0
.3

.7
.5
.5
1.2
.8
1.6

3.1
3.5
4.4
2.4
1.1
2.2

-1.6
-3.1
-1.0
.8
-2.4
.8

.0
-1.3
-4.9
2.1
-.6
.5

-5.6
-11.3
-21.1
3.2
1.1
-1.2

8.7
4.1
2.9
16.7
4.5
2.4

20
21
22
23
26

2.5
2.0
5.9
1.8
-2.8
2.0

-1.5
1.8
7.7
-10.4
-10.2
-11.1

2.5
-.3
14.0
11.5
3.4
17.1

3.6
-.3
-5.2
4.9
-1.9
2.4

5.8
6.9
8.0
2.6
-1.9
1.4

.7
.8
.9
-.5
-.5
.5

.5
.9
-1.9
.6
-.1
-1.0

.5
.3
2.9
1.0
-.6
2.2

.8
1.2
2.6
.9
.8
.9

.6
1.9
-4.5
-1.3
-.2
-.4

-1.7
-1.9
7.6
3.1
-2.2
.7

-3.0
-4.2
-9.1
-6.4
-1.1
-.8

-2.1
-1.7
-14.3
-7.4
-.3
-2.6

3.4
3.1
8.8
3.9
-1.5
3.2

27
28
29
30
31

.7
4.8
3.5
3.5
-4.9

-5.0
1.7
7.4
-.1
-8.8

-2.8
1.2
1.1
1.5
-2.2

2.3
8.3
2.2
11.1
-5.5

8.9
8.3
3.4
1.8
-2.9

.8
1.1
-.8
.7
_2

1.0
1.3
1.6
-.9
-.8

.8
.2
-1.6
-.2
-.4

.0
.1
.6
1.7
2.2

.5
.9
-.3
1.4
.3

-4.1
-3.2
-1.6
-.5
-.8

-1.5
-3.4
-1.0
-1.5
—3

-.7
-2.0
-1.2
.8
.3

1.2
4.9
2.3
5.0
-1.9

10
12
13
14

4.7
-3.6
10.3
4.3
5.3

1.9
-29.7
-4.9
6.4
9.7

10.5
-1.2
10.8
12.7
3.4

2.7
23.3
13.9
-1.2
.9

4.1
.7
23.2

.1
-1.6
1.9

7^5

-.8
1.3
-2.4
_7
.2

.7

.6
1.1
1.3
.6
-.7

1.2
.7
.7
1.2
3.0

.2
2.6
-1.9
.4
.9

.2
-4.7
1.4
.7
-1.4

1.2
2.5
-2.0
2.9
-5.0

.0
.4
-2.3
1.0
-4.1

5.9
-1.2
12.9
5.0
6.7

491,3pt
492,3pt

1.6
1.7
1.0

8.9
9.0
8.2

1.3
1.9
-1.2

-7.9
-8.2
-6.8

4.9
5.0
4.3

-.1
-.9
3.0

.1
.5
-1.5

2.3
2.3
2.3

-3.3
-2.9
-5.0

-8.3
-9.3
-.6

-4.3
-8.7
25.9

9.7
2.5
44.9

11.1
4.7
33.4

-.8
.4
-5.1

5,0
3.2

4.1
.6

4.9
5.4

5.1
3.9

5.8
2.9

.4
.2

.4
-.2

.4
.6

1.1
1.0

.9
1.2

-1.6
-1.7

-2.1
-2.0

-.3
-1.3

5.7
4.0

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

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

24
25
32

.0

_ -j

.0

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

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




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

19671996
Ave.

1973
High

19781980
High

1982
Low

19881989
High

19901991
Low

1995
Dec.

1996
Julv

Aug.

SeDt.r

Oct.r

Nov.r

Dec.P

Total industry

100.0

82.1

89.2

87.3

71.8

84.9

78.0

82.9

83.4

83.5

83.4

83.0

83.4

83.8

Manufacturing

87.7

81.4

88.9

87.3

70.0

85.2

76.6

81.9

82.5

82.4

82.3

81.9

82.2

82.8

24.9
62.8

82.8
80.7

92.2
87.5

89.7
86.3

66.8
71.4

89.0
83.5

77.9
76.1

86.0
80.2

86.6
80.8

86.6
80.6

86.7
80.5

86.6
80.0

86.1
80.6

86.9
81,1

50.0
1.8
1.3
2.1

79.4
83.5
81.9
78.0

88.8
90.1
96.8
89.2

86.9
87.6
86.6
87.0

65.0
60.9
68.9
63.1

84.0
93.3
86.8
83.8

73.7
76.1
72.2
71.0

81.7
88.1
80.8
79.2

82.6
87.4
80.0
81.3

82.6
88.6
80.5
79.8

82.2
87.8
80.4
80.5

81.3
86.9
81.2
79.5

81.6
87.3
81.5
79.1

82.2
87.0
82.5
79.8

333-6,9
3331
3334

2.9
1.6
.1
1.3
.1
.1

81.3
81.0
80.5
82.0
73.9
88.5

100.6
105.8
102.7
92.9
92.1
95.7

102.4
110.4
95.7
90.5
80.8
97.6

46.8
38.3
35.2
62.2
42.1
58.6

92.8
95.7
92.7
88.7
85.9
100.4

74.2
72.0
71.5
75.2
73.6
97.3

92.6
91.8
95.3
93.5
81.3
84.0

89.8
89.9
89.1
89.7
89.3
84.8

90.7
90.6
90.1
90.8
77.9
85.8

91.1
89.9
89.4
92.5
85.9
85.6

93.1
94.1
88.2
91.8
95.4
85.8

88.6
88.8
85.7
88.3
84.5
85.6

91.0
91.2
88.0
90.6

34

5.0

78.0

87.8

83.9

62.9

82.0

71.3

84.0

84.6

85.1

84.8

84.4

84.8

85.2

35
357
36

10.4
4.0
9.8

81.5
81.2
80.8

96.4
90.9
87.8

92.1
93.5
89.4

64.9
63.1
71.1

84.0
84.4
84.9

71.8
64.5
77.0

88.8
89.9
84.4

89.9
96.7
80.7

91.1
97.0
79.8

90.5
97.4
78.8

90.0
96.8
77.5

90.2
96.4
76.8

90.7
96.0
77.3

37
371

75.0
76.3

83.8
93.4

372-6,9
38
39

10.0
5.8
2.9
4.2
5.1
1.5

75.0
81.7
75.3

77.0
89.9
82.9

82.7
93.0
92.2
81.1
92.5
78.7

56.7
44.5
40.1
66.9
79.0
66.1

84.4
85.1
89.1
88.4
81.2
80.1

69.7
56.6
53.3
78.8
76.8
73.0

71.2
78.4
81.2
61.5
76.9
73.4

77.3
83.9
91.4
68.4
78.2
72.1

76.2
81.4
86.1
69.1
79.1
71.9

75.7
79.9
83.2
69.9
79.0
71.6

72.9
74.3
76.4
71.1
79.0
71.5

75.8
78.5
81.9
72.1
79.0
71.4

76.2
78.6
82.3
73.0
79.6
72.3

20
22
23
26
261-3
27

37.7
8.9
1.6
2.1
3.2
1.3
6.0

83.5
82.3
86.0
80.6
89.7
92.4
85.9

87.9
86.0
92.0
84.2
96.9
97.1
89.7

87.0
84.3
91.7
86.0
94.2
98.2
92.2

76.9
78.8
73.8
78.9
82.0
82.1
83.0

86.7
83.3
92.1
84.2
94.8
98.1
92.3

80.3
80.8
78.8
75.0
86.7
90.1
79.0

82.1
81.6
81.2
71.6
88.1
88.7
80.3

82.3
81.6
83.5
70.3
89.1
93.6
79.2

82.0
80.6
81.7
70.7
86.9
92.1
79.4

82.4
81.1
81.2
70.3
87.2
91.3
80.1

82.7
81.7
81.6
70.2
86.1
91.1
80.9

83.0
81.9
82.4
69.7
87.8
92.2
81.6

83.5
82.8
83.0
70.2
88.4

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

9.7
.7
.4
1.2
3.4
.2

79.9
86.5
85.3
86.3
84.7
82.1

87.9
102.0
93.8
96.7
94.0
81.3

85.1
90.9
98.5
89.5
90.4
92.4

70.1
63.4
64.4
68.2
73.5
78.1

85.9
97.0
99.7
88.5
90.5
83.8

79.0
74.8
77.6
84.6
78.0
76.0

80.6
89.6
88.3
93.3
89.6
77.9

81.4
94.7
91.1
93.4
90.0
77.6

81.0
94.9
87.5
95.1
91.0
77.2

81.7
96.0
89.7
94.2
91.4
77.2

82.6
95.1
96.7
95.7
90.3
76.7

82.5

82.4

91.6
94.1
89.9
76.5

94.7
91.3
78.3

10
12
13
138
14

5.5
.4
.9
3.7
.6
.5

87.5
78.9
86.8
88.3
72.9
84.8

94.4
90.3
90.8
96.6
93.0
93.7

96.6
87.6
95.7
96.9
104.3
93.3

80.6
43.4
75.4
82.5
50.8
63.3

86.5
87.9
91.4
86.1
60.7
90.0

86.1
80.0
83.4
86.8
53.7
79.4

87.7
88.8
81.7
88.6
69.8
89.7

90.3
85.9
80.1
93.1
83.7
90.2

91.9
85.9
90.3
92.9
84.6
91.3

91.2
86.9
88.0
92.3
80.5
91.3

91.3
85.5
89.6
92.1
81.7
91.7

91.9
86.3
90.7
92.8
82.2
90.9

93.0
86.8
91.3
93.9
84.3
93.4

491,3pt
492,3pt

6.7
5.3
1.5

87.0
89.1
82.7

95.6
99.0
93.2

88.3
88.3
93.6

76.2
78.7
70.8

92.6
94.8
85.5

83.1
86.7
68.3

92.2
93.1
89.0

91.6
89.6
91.4 . 93.5
83.1
85.0

91.4
92.6
87.4

91.4
92.9
86.1

93.4
94.9
88.0

90.2
92.0
83.5

SIC

Item

Primary processing
Advanced processing
Durable
Lumber and products
Furniture and fixtures
Stone, clay, and glass products
Primary metals
Iron and steel
Raw steel
Nonferrous
Primary copper
Primary aluminum
Fabricated metal products
Industrial machinery
and equipment
Computer and office equip
Electrical machinery
Transportation equipment
Motor vehicles and parts
Autos and light trucks1
Aerospace and misc.
Instruments
Miscellaneous
Nondurable
Foods
Textile mil! 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

24
25
32

33
331,2

85.3

81.7

1. Series begins in 1977.
Note—Primary processing manufacturing includes textile mill products, paper and products, industrial chemicals, synthetic materials, and fertilizers,
petroleum products, rubber and plastic products, lumber and products, primary metals, fabricated metals, and stone, clay, and glass products.
Advanced processing manufacturing 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.




10

Table 4
INDUSTRIAL CAPACITY: MANUFACTURING, MINING, AND UTILITIES

SIC

Item

Percent chanqe
Annual rate
December to December
1967- 1967- 19751996 1975
1996
Ave.
Ave.
Ave. 1992 1993 1994
1995 1996P

Capacity indexes
Percent of 1987 output
1995
Dec.

1996
Julv

Auq.

Sept.

Oct.

Nov.

Dec.

Total industry

2.9

3.7

2.6

2.1

2.1

3.2

3.8

4.0

148.2

151.5

152.0

152.5

153.1

153.6

154.1

Manufacturing

3.3

3.9

3.1

2.5

2.5

3.6

4.3

4.5

152.4

156.3. 156.8

157.4

158.0

158.6

159.2

2.2
3.9

4.0
3.9

1.4
3.9

1.4
2.9

1.5
2.9

2.2
4.2

2.6
4.9

2.4
5.3

136.4
160.1

138.3
164.9

138.6
165.6

138.9
166.3

139.1
167.1

139.4
167.8

139.7
168.6

3.7
1.8
2.9
•1.4

3.7
2.9
4.5
2.5

3.7
1.3
2.3
.9

2.5
.7
1.0
.7

3.1
1.2
1.9
.2

4.8
.8
1.9
1.0

6.1
3.5
1.7
1.8

6.6
2.3
2.4
2.8

165.0
121.2
135.3
131.7

171.2
122.9
137.2
133.8

172.1
123.1
137.5
134.1

173.1
123.3
137.8
134.4

174.0
123.5
138.1
134.7

175.0
123.8
138.3
135.1

176.0
124.0
138.6
135.4

333-6,9
3331
3334

.1
-.6
-.9
1.4
.2
1.3

1.7
.7
.3
3.6
1.8
5.2

-.5
-1.1
-1.4
.5
-.4
-.4

-1.2
-2.4
-3.1
.4
7.8
.3

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

2.0
3.1
1.4
.6
-1.2
.0

2.1
1.8
3.3
2.4
2.5
.0

3.2
3.8
4.0
2.4
—9
.0

129.7
133.7
123.8
124.3
160.2
125.0

132.1
136.6
126.7
126.1
159.5
125.0

132.4
137.0
127.1
126.3
159.4
125.0

132.8
137.5
127.5
126.6
159.2
125.0

133.1
137.9
127.9
126.8
159.1
125.0

133.5
138.3
128.4
127.1
159.0
125.0

133.8
138.8
128.8
127.3
158.8
125.0

34

1.6

3.1

1.0

.4

1.1

1.9

2.2

2.0

136.9

138.5

138.8

139.0

139.2

139.5

139.7

35
357
36

6.9
21.0
6.2

4.7
12.0
6.1

7.8
25.0
6.3

4.0
14.0
6.5

6.0
19.1
7.4

9.0
25.5
9.9

11.6
26.9
15.2

12.5
29.5
15.6

214.0
480.3
216.5

228.9
558.3
235.5

231.2
570.5
238.3

233.5
582.9
241.3

235.9
595.7
244.2

238.3
608.7
247.2

240.7
622.0
250.3

37
371

2.6
3.4

3.0
4.5

2.4
3.0

372-6,9
38
39

1.6
4.7
2.5

1.3
7.6
4.4

1.7
3.5
1.7

2.1
3.8
2.5
.3
1.3
5.0

1.9
4.6
2.7
-.9
.9
3.6

3.5
6.8
6.1
-.2
.9
3.9

2.0
5.5
2.9
-2.4
.9
4.0

1.5
3.8
1.6
-1.7
1.0
3.8

154.1
180.0
162.0
129.0
142.7
168.3

155.5
184.0
163.5
127.7
143.6
172.0

155.7
184.6
163.7
127.6
143.7
172.5

155.9
185.2
164.0
127.4
143.8
173.1

156.1
185.7
164.2
127.2
143.9
173.6

156.2
186.3
164.4
127.0
144.0
174.2

156.4
186.9
164.6
126.9
144.1
174.7

20
22
23
26
261-3
27

2.8
2.5
2.2
1.4
2.8
2.4
2.8

4.3
3.0
4.3
2.3
3.9
3.0
3.0

2.2
2.2
1.4
1.1
2.3
2.1
2.7

2.4
2.2
2.6
2.4
2.2
2.2
1.0

1.7
2.1
3.4
2.5
2.2
1.7
-1.0

2.2
2.0
3.1
.9
2.1
1.4
1.8

1.9
1.7
3.7
2.3
3.3
3.3
_2

1.6
1.6
1.7
.3
2.8
2.2
.D

138.6
140.7
133.2
127.9
134.3
129.0
123.1

139.9
142.0
134.6
128.2
136.5
130.6
122.7

140.1
142.2
134.8
128.2
136.8
130.9
122.7

140.3
142.4
134.9
128.2
137.1
131.1
122.6

140.5
142.5
135.1
128.2
137.4
131.3
122.5

140.7
142.7
135.3
128.3
137.7
131.6
122.5

140.9
142.9
135.5
128.3
138.0
131.8
122.4

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

3.8
6.4
4.2
1.5
5.4
-3.2

6.8
12.7
9.7
4.2
8.6
-1.5

2.5
3.8
1.9
3
4.0
-4.0

4.1
1.1
5.0
-1.3
4.2
-2.6

-2.2

2.2
3.3
3.6
.3
4.7
-2.6

2.4
5.0
3.5
.6
3.3
-2.8

2.6
3.7
2.4
.9
3.1
-2.4

156.9
137.7
138.0
116.6
155.4
98.5

159.2
140.7
140.0
117.2
158.2
97.2

159.5
141.1
140.2
117.3
158.6
97.0

159.9
141.5
140.5
117.4
159.0
96.8

160.2
141.9
140.8
117.5
159.4
96.6

160.6
142.4
141.1
117.6
159.8
96.4

160.9
142.8
141.3
117.7
160.2
96.2

10
12
13
138
14

.0
1.3
2.4
-.6
.2
1.1

-.1
.7
2.5
-1.0
.8
2.6

.1
1.6
2.3
-.4
.0
.4

-1.2
2.5
.9
-2.3
-8.2
.6

-.9
1.6
1.1
-1.9
-6.2
.9

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

-.1
1.1
1.1
-.9
-2.4
3.1

-.1
.9
1.1
-.9
-2.5
2.4

111.9
194.7
132.8
101.6
120.1
125.3

111.8
195.8
133.6
101.1
118.4
127.0

111.8
195.9
133.7
101.0
118.1
127.3

111.8
196.1
133.9
100.9
117.9
127.5

111.8
196.3
134.0
100.9
117.6
127.8

111.8
196.4
134.1
100.8
117.4
128.1

111.7
196.6
134.2
100.7
117.1
128.3

491,3pt
492,3pt

2.8
3.8
.3

6.0
7.8
2.3

1.2
1.5
.0

.5
.6
.2

.5
.4
.5

1.1
1.2
.7

1.5
1.6
1.1

135.7
133.1
146.0

136.8
134.3
146.9

137.0
134.5
147.0

137.2
134.6
147.1

137.3
134.8
147.3

137.5
135.0
147.4

137.7
135.2
147.5

Primary processing
Advanced processing
Durable
Lumber and products
Furniture and fixtures
Stone, clay, and glass products
Primary metals
Iron and steel
Raw steel
Nonferrous
Primary copper
Primary aluminum
Fabricated metal products
Industrial machinery
and equipment
Computer and office equip
Electrical machinery
Transportation equipment
Motor vehicles and parts
Autos and light trucks1
Aerospace and misc.
Instruments
Miscellaneous
Nondurable
Foods
Textile mill products
Apparel products
Paper and products
Pulp and paper
Printing and publishing

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

24
25
32

33
331,2

1.4
2.1
—5

2.5
.4
1.5
—5

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




11

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

Feb.

Mar.

Apr.

May

June

July

Auq.

Sept.

Oct.

Nov.

Dec.

Q1

Q2

Q3

Q4

Annual

Industrial
Production,
Percent
Change1
1984
1985
1986
1987
1988

2.0
.4
.5
-.3
.3

-*
.7
-.7
1.4
.2

1.0
.3
-.9
.4
.0

.6
.4
.2
.5
.8

.7
.2
.0
.6
-.3

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

.4
-.3
.5
.4
.6

.1

-.1
.5

.0
.4
.7

-.2
-.5

-7
-.8
.7
1.3
.3

.6

-.6
1.0
.6
.7
.6

11.2
24
2.4
5.5
3.8

7.7
3.8
-3.4
8.1
3.0

4.0
.1
1.3
5.2
2.9

-3.4
1.2
5.8
6.5
3.0

9.3
1.7
.9
4.9
44

1989
1990
1991
1992
1993

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

-.5
.5
-1.0
.6
.4

.9
.3
-.8
.9
.0

.0
-.7
.3
.7
.2

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

-.3
.2
1.1
-.3

-1.0
-.2
.2
.8
.6

.5
.3
.3
-.2
.0

-.4
.0
.8
.2
.7

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

.4
-1.3
-.1
.6
.7

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

3.9
2.1
-8.4
.8
3.7

.3
1.1
1.1
7.0
.5

-44
1.6
6.7
3.1
3.2

-.2
-5.2
2.0
4.9
5.5

1.5
.0
-1.8
3.4
3.5

1994
1995
1996

.4
.3
-.2

.8
-.1
1.3

.8
.1

.5
.0
.7

.5
.1
.8

.2
.1

-.5

.3
-.4
.8

.0

.5
1.0
.5

.1
.1
.2

.7
-.5
-.1

.5
.3
.8

.8
.2
.8

8.4
3.9
3.0

7.0
-14
6.7

4.6
3.2
4.5

64
.6
4.1

5.9
3.2
3.2

Industrial
Production
1984
1985
1986
1987
1988

91.0
93.1
96.1
96.5
103.2

90.9
93.8
95.5
97.9
103.4

91.9
94.1
94.6
98.2
103.4

92.4
94.5
94.8
98.8
104.3

93.0
94.7
94.7
99.4
104.0

93.5
94.4
94.3
100.3
104.0

93.9
94.1
94.8
100.6
104.6

94.0
94.5
94.9
100.9
105.2

93.9
95.0
95.0
100.7
104.7

93.2
94.2
95.6
102.1
105.0

93.3
94.6
96.3
102.2
105.6

92.8
95.6
96.8
102.8
106.3

91.3
93.6
95.4
97.5
103.3

93.0
94.5
94.6
99.5
104.1

93.9
94.6
94.9
100.8
104.8

93.1
94.8
96.2
102.3
105.6

92.8
944
95.3
100.0
104.4

1989
1990
1991
1992
1993

106.6
105.5
104.0
105.0
110.4

106.2
106.1
102.9
105.6
110.8

107.1
106.4
102.1
106.5
110.8

107.1
105.7
102.4
107.3
111.1

106.7
106.5
103.2
107.8
110.6

106.4
106.7
104.3
107.5
110.8

105.3
106.5
104.5
108.4
111.4

105.8
106.8
104.8
108.2
111.4

105.4
106.8
105.7
108.4
112.2

105.0
106.3
105.8
109.2
112.3

105.4
105.0
105.6
109.8
113.1

106.1
104.5
105.1
110.0
114.1

106.6
106.0
103.0
105.7
110.7

106.7
106.3
103.3
107.5
110.8

105.5
106.7
105.0
108.3
111.7

105.5
105.3
105.5
109.7
113.2

106.0
106.0
104.2
107.7
111.5

1994
1995
1996

114.6
121.8
122.5

115.5
121.7
124.2

116.4
121.9
123.6

116.8
121.4
124.5

117.5
121.3
125.4

118.1
121.4
126.4

118.4
121.5
126.3

118.9
122.7
126.9

119.1
122.8
127.2

119.9
122.2
127.1

120.5
122.6
128.1

121.5
122.8
129.1

115.5
121.8
123.4

117.5
1214
1254

118.8
122.3
126.8

120.6
122.5
128.1

118.1
121.9
125.8

Capacity
1984
1985
1986
1987
1988

113.3
116.0
119.2
121.6
123.9

113.5
116.2
119.4
121.8
124.1

113.7
116.5
119.6
122.0
124.2

113.9
116.8
119.8
122.2
124.4

114.2
117.1
120.0
122.4
124.5

114.4
117.3
120.2
122.6
124.7

114.6
117.6
120.4
122.8
124.8

114.8
117.9
120.6
123.0
125.0

115.0
118.2
120.8
123.2
125.1

115.3
118.4
121.0
123.4
125.3

115.5
118.7
121.2
123.6
125.4

115.7
119.0
121.4
123.8
125.5

113.5
116.2
119.4
121.8
124.1

114.2
117.1
120.0
122.4
124.5

114.8
117.9
120.6
123.0
125.0

115.5
118.7
121.2
123.6
1254

114.5
117.5
120.3
122.7
124.7

1989
1990
1991
1992
1993

125.7
128.1
130.5
132.9
135.8

125.9
128.3
130.7
133.2
136.0

126.1
128.5
130.9
133.4
136.3

126.3
128.7
131.1
133.6
136.5

126.5
128.9
131.3
133.9
136.7

126.7
129.1
131.5
134.1
137.0

126.9
129.3
131.7
134.3
137.2

127.1
129.5
131.9
134.6
137.5

127.3
129.7
132.1
134.8
137.7

127.5
129.9
132.3
135.1
137.9

127.7
130.1
132.5
135.3
138.2

127.9
130.3
132.7
135.5
138.4

125.9
128.3
130.7
133.2
136.0

126.5
128.9
131.3
133.9
136.7

127.1
129.5
131.9
134.6
137.5

127.7
130.1
132.5
135.3
138.2

126.8
129.2
131.6
134.2
137.1

1994
1995
1996

138.7
143.2
148.7

139.1
143.6
149.1

139.5
144.1
149.6

139.8
144.5
150.1

140.2
145.0
150.6

140.5
145.4
151.0

140.9
145.9
151.5

141.3
146.3
152.0

141.7
146.8
152.5

142.0
147.2
153.1

142.4
147.7
153.6

142.8
148.2
154.1

139.1
143.6
149.1

140.2
145.0
150.6

141.3
146.3
152.0

142.4
147.7
153.6

140.8
145.7
151.3

80.4
80.3
80.6
79.3
83.2

80.1
80.7
79.9
80.3
83.3

80.8
80.7
79.1
80.5
83.2

81.1
80.9
79.1
80.8
83.8

81.5
80.9
78.9
81.2
83.5

81.8
80.5
78.4
81.8
83.4

81.9
80.0
78.7
81.9
83.8

81.8
80.2
78.7
82.0
84.2

81.6
80.4
78.7
81.8
83.7

80.9
79.6
79.1
82.7
83.8

80.8
79.7
79.4
82.7
84.2

80.2
80.4
79.8
83.1
84.6

80.4
80.6
79.9
80.1
83.3

814
80.7
78.8
81.3
83.6

81.8
80.2
78.7
81.9
83.9

80.6
79.9
79.4
82.8
84.2

81.1
80.3
79.2
81.5
83.7

1989
1990
1991
1992
1993

84.8
82.4
79.7
78.9
81.3

84.3
82.7
78.7
79.3
81.5

84.9
82.8
78.0
79.9
81.4

84.8
82.1
78.1
80.3
81.4

84.3
82.6
78.6
80.5
80.9

83.9
82.6
79.3
80.2
80.9

83.0
82.4
79.4
80.7
81.2

83.3
82.5
79.4
80.4
81.1

82.8
82.4
80.0
80.4
81.5

82.3
81.8
79.9
80.8
81.4

82.5
80.7
79.7
81.2
81.8

82.9
80.2
79.2
81.2
82.4

84.7
82.6
78.8
79.4
814

84.3
82.5
78.7
80.3
81.0

83.0
82.4
79.6
80.5
81.2

82.6
80.9
79.6
81.0
81.9

83.7
82.1
79.2
80.3
81.4

1994
1995
1996

82.6
85.1
82.4

83.0
84.7
83.3

83.5
84.6
82.6

83.6
84.0
83.0

83.8
83.7
83.3

84.0
83.5
83.7

84.0
83.3
83.4

84.2
83.9
83.5

84.0
83.7
83.4

84.4
83.0
83.0

84.6
83.0
834

85.1
82.9
83.8

83.0
84.8
82.8

83.8
83.7
83.3

84.1
83.6
83.4

84.7
82.9
83.4

83.9
83.8
83.2

Year

Utilization
1984
1985
1986
1987
1988




.2

.5
.2
.3
.6

12

.1

.1

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

Feb.

Mar.

Apr.

May

June

2.3
.1
1.3

-.6

.6
.6
-.4
1.7

.2

.1

.9
.7
-1.0
.5
.2

.4
.3
.9
.4
.7

.5
.6
.0
.7
-1

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

-.9
.9
—9
.8
.3

.6
.4
-.9
.9
.0

.2
-.9
.3
.6
.4

-.5
.5
.7

-.2
.0

.6
-.4

.0
.0

1.0
.1

.6

-.9

-.4
1.1

.6
-.3
.7

.3
.1
.9

.4

-.2

.9
-.2
1.4

Industrial
Production
1984
1985
1986
1987
1988

87.1
89.9
94.0
96.2
103.2

87.6
90.4
93.6
97.8
103.4

88.3
91.1
92.7
98.3
103.6

88.7
91.4
93.5
98.7
104.3

89.1
92.0
93.6
99.4
104.2

1989
1990
1991
1992
1993

107.7
105.5
103.4
105.1
111.2

106.7
106.5
102.5
105.9
111.5

107.3
107.0
101.5
106.9
111.5

107.6
106.0
101.8
107.6
112.0

1994
1995
1996

115.5
124.1
124.5

116.6
123.9
126.2

117.8
124.0
125.2

Capacity
1984
1985
1986
1987
1988

109.4
113.1
117.6
121.2
124.1

109.7
113.4
117.9
121.5
124.3

1989
1990
1991
1992
1993

126.5
129.4
132.0
134.6
138.0

1994
1995
1996

July

Aug.

Sept.

Oct.

Nov.

Dec.

Q1

Q2

Q3

Q4

Annual

.4

.2
.8
.5
.0
.4

-.1
.2
.3
.2
.0

.0
-.7
.7
1.0
.1

.0
1.3
.5

-.4
.1
1.0
.6
.6

13.3
1.7
4.6
6.3
3.6

6.9
5.1
.1
8.6
3.3

4.7
1.0
3.5
5.6
3.0

-.3
2.4
7.2
6.8
4.4

10.4
2.6
2.9
6.0
4.7

.4

-.4
-1
1.0

.3
-1.2
-.2
.6
.8

.2
-.5
-.4
.0
1.1

4.3
3.7
-9.8
2.3
4.6

-.3
.2
1.0
7.6

.9

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

1.2

-5.3
1.0
8.1
3.8
3.0

-1.3
-5.5
2.5
4.3
6.0

1.6
-.3
-2.1
4.2
3.9

.2
.6
.3

.9
-.4
-.1

.6
.7

.9
.3
1.1

8.9
3.9
2.4

8.5
-2.2
7.1

5.1
2.6
5.7

7.9
1.4

.3

.6
.7
.2

4.1

6.6
3.4
3.3

89.7
91.5
93.3
100.3
104.2

90.1
91.3
93.9
100.7
104.7

90.3
92.0
94.4
100.7
105.1

90.2
92.3
94.6
100.9
105.2

90.2
91.6
95.3
102.0
105.3

90.2
92.8
95.8
102.4
106.2

89.8
92.8
96.7
103.0
106.8

87.7
90.5
93.5
97.4
103.4

89.2
91.6
93.5
99.4
104.2

90.2
91.9
94.3
100.8
105.0

90.1
92.4
95.9
102.5
106.1

89.3
91.6
94.3
100.0
104.7

107.1
106.6
102.5
108.2
111.6

106.8
106.6
103.8
108.1
111.6

105.5
106.3
104.2
109.0
112.3

106.0
106.9
104.5
108.9
112.2

105.6
106.8
105.6
109.0
113.2

105.1
106.2
105.7
109.7
113.2

105.4
104.9
105.5
110.4
114.1

105.6
104.4
105.1
110.3
115.3

107.2
106.3
102.5
106.0
111.4

107.2
106.4
102.7
108.0
111.7

105.7
106.6
104.8
109.0
112.5

105.4
105.1
105.4
110.1
114.2

106.4
106.1
103.8
108.2
112.3

118.5
123.5
126.5

119.1
123.2
127.4

119.5
123.3
128.5

120.0
123.3
129.0

120.7
124.2
129.2

120.9
124.9
129.6

122.0
124.4
129.5

122.7
124.5
130.4

123.8
124.8
131.8

116.6
124.0
125.3

119.0
123.3
127.5

120.5
124.1
129.2

122.8
124.6
130.5

119.7
123.9
128.0

110.0
113.8
118.2
121.7
124.5

110.3
114.2
118.5
121.9
124.7

110.6
114.6
118.8
122.2
124.9

110.9
115.0
119.1
122.4
125.1

111.2
115.3
119.3
122.7
125.3

111.5
115.7
119.6
122.9
125.5

111.8
116.1
119.9
123.2
125.7

112.1
116.5
120.2
123.4
125.9

112.4
116.9
120.5
123.7
126.0

112.7
117.2
120.8
123.9
126.2

109.7
113.4
117.9
121.5
124.3

110.6
114.6
118.8
122.2
124.9

111.5
115.7
119.6
122.9
125.5

112.4
116.9
120.5
123.7
126.0

111.1
115.2
119.2
122.6
125.2

126.7
129.6
132.2
134.9
138.2

127.0
129.8
132.5
135.2
138.5

127.2
130.1
132.7
135.5
138.8

127.4
130.3
132.9
135.7
139.1

127.7
130.5
133.1
136.0
139.4

127.9
130.7
133.3
136.3
139.7

128.2
130.9
133.5
136.6
139.9

128.4
131.2
133.7
136.8
140.2

128.7
131.4
133.9
137.1
140.5

128.9
131.6
134.2
137.4
140.8

129.2
131.8
134.4
137.7
141.1

126.7
129.6
132.2
134.9
138.2

127.4
130.3
132.9
135.7
139.1

128.2
130.9
133.5
136.6
139.9

128.9
131.6
134.2
137.4
140.8

127.8
130.6
133.2
136.1
139.5

141.5
146.7
153.0

141.9
147.2
153.5

142.3
147.7
154.0

142.7
148.2
154.6

143.1
148.7
155.1

143.6
149.2
155.7

144.0
149.7
156.3

144.4
150.2
156.8

144.9
150.8
157.4

145.3
151.3
158.0

145.7
151.9
158.6

146.2
152.4
159.2

141.9
147.2
153.5

143.1
148.7
155.1

144,4
150.2
156.8

145.7
151.9
158.6

143.8
149.5
156.0

79.6
79.5
80.0
79.3
83.2

79.9
79.7
79.4
80.5
83.1

80.3
80.0
78.5
80.7
83.2

80.4
80.0
79.0
80.9
83.6

80.6
80.3
78.8
81.3
83.4

80.9
79.6
78.4
81.9
83.3

81.0
79.2
78.7
82.1
83.6

80.9
79.5
78.9
81.9
83.8

80.7
79.5
78.9
81.9
83.7

80.5
78.6
79.3
82.6
83.7

80.3
79.4
79.5
82.8
84.3

79.7
79.2
80.0
83.1
84.6

79.9
79.8
79.3
80.2
83.2

80.6
80.0
78.7
81.4
83.5

80.9
79.4
78.8
82.0
83.7

80.2
79.1
79.6
82.8
84.2

80.4
79.5
79.1
81.6
83.6

1989
1990
1991
1992
1993

85.2
81.6
78.3
78.1
80.6

84.2
82.2
77.5
78.5
80.6

84.6
82.4
76.6
79.1
80.5

84.6
81.5
76.8
79.4
80.7

84.0
81.8
77.2
79.7
80.2

83.7
81.7
78.0
79.5
80.0

82.5
81.3
78.2
80.0
80.4

82.7
81.6
78.3
79.8
80.2

82.2
81.4
78.9
79.7
80.7

81.7
80.8
78.9
80.0
80.6

81.8
79.7
78.6
80.3
81.0

81.8
79.2
78.2
80.1
81.7

84.6
82.0
77.5
78.6
80.6

84.1
81.7
77.3
79.6
80.3

82.5
81.4
78.5
79.8
80.4

81.7
79.9
78.6
80.2
81.1

83.2
81.3
78.0
79.5
80.6

1994
1995
1996

81.7
84.6
81.4

82.2
84.2
82.3

82.8
84.0
81.3

83.0
83.4
81.9

83.2
82.8
82.1

83.2
82.7
82.6

83.3
82.4
82.5

83.6
82.7
82.4

83.5
82.8
82.3

83.9
82.2
81.9

84.2
82.0
82.2

84.7
81.9
82.8

82.2
84.3
81.6

83.2
83.0
82.2

83.4
82.6
82.4

84.3
82.0
82.3

83.3
83.0
82.1

Year
Industrial
Production,
Percent
Change1
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993

.8
-.1
-9
.1

1994
1995
1996

.2
.3

Utilization
1984
1985
1986
1987
1988

.8

1.3

-.2
.6
.4

.5
-1.2
-.3
.3
.8
.6

.0

.5
.3
-.1
-.1

.1

.4

.9

.1

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



13

Table 6
INDUSTRIAL PRODUCTION: INDUSTRY SUBTOTALS AND INDIVIDUAL SERIES
Index, 1987 = 100
1992
Value
SIC added 1
Index

Item
Metal mining
Iron ore
Nonferrous ores
Copper

Not seasonally adjusted

Seasonally adjusted
1996
June

Julv

r

Aua. SeDt.

Oct.

r

Nov.

r

1996
June

Julv

Aua. SeDt/

Oct.r

Nov.r

10
101
102-4,8,9
102

.46
.06
.40
.13

163.7
116.3
173.2
141.9

161.3
120.8
169.6
149.1

168.2
135.7
174.3
139.7

168.3
139.9
173.7
138.7

170.5
136.8
176.9
145.0

167.7
131.6
174.4
132.0

169.5
135.4
176.0
135.0

168.6
131.5
175.8
151.5

168.0
140.0
173.2
138.5

169.1
143.2
173.9
141.1

173.5
143.0
179.2
146.8

165.3
129.8
172.1
134.2

169.4
138.2
175.4
130.0

12

1.03

108.2

113.2

107.1

120.8

117.8

120.1

121.6

111.9

97.1

124.6

122.3

124.0

121.6

13
131

4.79
3.99
2.31
1.67
.25
.55

93.2
93.8
85.9
107.5
109.4
79.9

95.5
92.5
77.5
118.6
119.4
102.3

94.1
91.3
76.5
116.9
119.2
99.1

93.8
90.6
76.3
115.5
121.0
99.9

93.1
90.6
77.6
113.2
121.6
94.8

92.9
90.1
76.3
114.0
123.6
96.0

93.5
90.7
76.1

92.4
89.5
75.2
114.2
119.3
97.0

92.4
88.8
75.4
112.1
121.5
100.7

92.7
89.2
76.8
110.8
122.8
100,9

93.3
89.2
76.6
111.1
124.7
104.3

96.0
92.0
76.7

125.2
96.5

93.8
91.4
76.9
116.7
119.4
95.4

126.7
106.0

Coal mining
Oil and gas extraction
Crude joiT and natural gas
Crude oil, total
Natural gas
Natural gas liquids
Oil and gas well drilling
Stone and earth minerals

132
138
14

.58

99.1

118.0

114.6

116.2

116.4

117.3

116.4

124.8

123.2

125.0

126.1

124.3

118.1

20
201

202
2021
2022
2023
2024
2026

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

106,9
114.5
97.8
119.7
132.9
88.2
103.3
101.1
122.2
102.8
121.4
90.2

115.1
127.7
111.6
112.8
160.7
86.6
108.7
75.1
136.6
103.9
136.5
91.0

115.8
127.4
106.6
120.7
161.1
89.7
108.3
78.3
135.0
105.4
129.5
91.9

114.6
127.0
107.2
118.2
160.7
88.5
107.6
83.8
137.7
99.9
126.1
92.4

115.5
123.7
98.4
121.8
160.1
88.5
110.1
92.1
136.6
107.9
131.2
93.4

116.5
125.7
103.1
119.1
161.9
89.3
112.0
87.8
139.7
113.9
125.3
94.7

116.9
124.9
105.5
113.4
160.0
88.1
113.5
93.8
138.3
125.2
119.6
94.8

118.0
132.4
119.2
107.5
169.0
84.6
118.7
68.9
142.1
118.5
173.1
94.8

117.8
123.7
107.6
107.4
157.9
81.4
110.0
61.2
130.7
103.2
158.9
92.3

122.1
130.7
113.2
114.1
167.0
85.1
105.2
63.4
132.7
87.6
145.6
90.8

124.4
127.0
103:2
122.8
163.3
87.4
104.6
74.6
138.3
86.3
129.7
91.1

122.0
132.0
106.9
127.6
170.2
89.2
104.2
80.9
139:1
94,2
109.3
90.9

116.9
124.0
102.0
122.0
155.8
87.4
104.7
84.9
138.9
104.4
93.9
91.0

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

1.37
1.26
1.07
.66
.23
1.75
.62
.89
.98
.16

107.9
109.3
93.2
111.0
110.1
109.2
115.2
109.1
106.3
91.2

109.0
116.4
95.6
119.5
113.0
120.2
118.9
125.1
127.3
101.3

113.5
120.1
95.5
112.9
115.6
119.9
116.4
125.4
127.2
100.6

109.3
115.9
94.9
115.4
114.0
120.2
118.7
124.5
127.5
100.7

112.6
117.4
95.6
117.5
110.5
120.8
118.0
126.3
129.0
98.4

114.3
118.7
96.5
118.1
113.6
121.8

115.7
119.3
95.2
118.4
113.8
122.4

128.5
119.2
105.0
113.8
107.5
130.8
126.9
141.6
138.1
98.9

138.8
122.7
106.9
126.7
108.5
128.3
110.8
145.2
139.9
92.4

116.4
122.5
92.7
142.2
121.7
117.4

127.9
126.7

115.0
118.1
104.0
102.5
106.2
127.4
124.4
140.4
134.6
92.0

128.5
122.2
99.5
140.8
119.4
124.8

128.9
126.3
102.4

107.1
116.0
99.9
107.2
109.0
129.8
134.6
132.9
128.4
88.8

133,4
130.7
108.6

121.9
126.1

21

1.63

95.8

93.0

90.8

92.1

92.9

91.2

93.8

102.2

75.8

98.1

93.8

100.9

91.6

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

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

104.0
99.4
99.0
103.5
116.7
116.7
95.2
97.0
103.5
100.6

111.1
104.1
105.1
105.1
122.2
126.4
89.8
113.3
115.0
109.5

112.4
107.0
110.3
101.0
126.9
132.5
96.0
105.3
114.3
108.0

110.1
103.2
106.3
103.4
124.2
128.6
94.1
99.2
115.8
108.0

109.6
103.8
107.3
103.7
123.0
126.0
90.8
101.0
114.4
105.9

110.3
104.3
107.1
104.5
126.6
130.3
92.0
93.4
116.4
109.0

111.5
104.9

106.6
97.0
98.9
96.8
128,6
137.7
85.2
98.6
108.1
100.0

113.8
105.2
109.3
105.3
133.4
146.8
97.1
100.9
117.1
111.0

112.4
101.9
105.6
106.1
134.2
143.6
89.7
103.7
116.0
107.4

115.9
107.2
111:7
105.0
136.3
135.8
95.2
106.7
118.3
111.5

108.5
104.4

103.0
123.9
126.9
91.4
102.6
118.7
115.4

116.9
105.3
105.5
108.5
138.3
141.5
89.8
122.4
117.0
111.2

Apparel products

23

2.19

95.0

90.9

90.1

90.6

90.1

90.0

89.4

92.7

88:3

93.3

93.1

91.0

90.0

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

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

95.2
95.2
85.0
95.2
89.5
86.2
94.2

110.6
99.8
85.2
118.4
102.3
89.9
172.4

107.4
95.7
81.3
115.8
101.6
90.9
164.8

109.0
98.2
78.7
116.7
101.6
88.9
173.7

108.3
96.8
77.5
116.9
101.0
83.7
171.5

107.3
93.2
78.3
117.5
102.0
85.6
170.7

108.0
96.9
81.5
116.5
101.3
86.1
165.1

113.9
102.7
86.6
122.1
104.8
91.8
187.5

105.6
94.5
85.5
113.6
102.4
88.1
152.4

113.7
103.1
87.8
121,3
105.5
91.4
188.3

113.4
103.2
86.0
120.7
104.2
86.6
181.4

1.1-3.3
101.1
85.1
122.2
104.4
89.1
189.8

106.4
94.1
82.1
115.4
101.5
84.2
162.1

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




14

105.0
119.9
120.4
92.6
91.0
116.5
110.0

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

SIC

1992
Value
added1
Index

Seasonallv adjusted
1996
June

Julv

Aua. SeDt.r

Not seasonallv adjusted

Oct.r

Nov.r

1996
June

Julv

r
Aua. SeDt.

Oct.r

Nov.r

25
251

1.37
.63

99.2
97.1

111.9
107.9

109.8
104.3

110.7
107.9

110.8
107.1

112.2
107.5

112.8
106.9

112.3
108.7

109.1
99.4

117.9
112.8

117.1
112.0

113.3
109.4

110.6
105.1

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

3.60
1.53

1.33

110.0
110.4
109.9
109.8
111.8
109.6
112.3
108.1

119.4
117.1
110.5
114.3
124.6
121.1
134.1
114.1

121.5
122.2
113.2
118.3
132.5
121.0
127.6
117.3

118.9
120.6
115.1
113.9
134.6
117.6
126.1
113.0

119.5
119.7
112.4
114.5
t31.9
119.4
133.2
111.9

118.2
119.7
110.1
113.6
134.0
116.9
123.2
113.5

120.9
121.3
114.2
116.6
132.3
120.7
129.9
115.7

120.9
119.0
110.7
116.4
126.6
122.3
134.3
115.7

118.9
119.5
114.4
114.9
129.7
118.5
127.3
113.6

120.0
120.6
113.3
115.0
133.4
119.5
128.8
114.4

119.6
119.2
111.0
113.9
131.8
119.8
134.4
111.8

120.4
119.6
110.7
114.4
132.3
121.0
136.1
112.8

119.5
120.4
111.9
117.4
128.8
118.8
123.5
116.2

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

6.76
1.63
2.01
3.12

98.1
77.0
103.5
107.3

97.2
62.5
104.7
114.8

97.2
62.1
106.8
113.7

97.4
62.5
108.2
113.2

98.2
64.1
107.6
114.3

99.2
65.9
108.8
114.3

100.0
65.9
109.4
115.9

99.1
63.7
104.4
118.9

101.7
61.4
106.5
125.3

103.8
60.2
108.8
129.6

104.3
63.3
108.0
129.1

100.0
66.4
105.9
118.0

98.6
67.1
108.9
112.0

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

28

9.85

114.4

128.1

129.7

129.2

130.7

132.3

132.5

132.3

135.0

136.3

137.5

133.2

128.6

281,2,6
281
2812
2816
2819

3.82
1.00

113.5 124.4
117.6 111.8
105.4 120.6
114.2 108.2
122.4 105.8
119.4 120.7

124.6
111.2
120.2
109.6
104.6
120.8

124.0
110.7
118.9
113.1
103.5
120.2

125.0
111.7
119.8
111.3
105.3
119.8

126.6
114.7
119.2
132.5
106.4
120.3

125.4
112.3
121.1
107.3
107.4
120.6

124.8
112.5
121.2
112.7
106.1
123.0

123.4
108.2
120.3
106.5
100.9
117.4

123.9
111.9
119.6
112.2
105.3
124.1

126.0
113.7
119.2
110.6
108.3
125.8

126.7
115.4
119.6
125.3
108.9
123.5

124.6
112.1
121.5
104.7
107.3
121.4

282
2821
2823,4
286

1.25

110.4
112.0
105.9
1.13.8

131.9
134.3
122.9
126.5

133.2
133.2
127.5
126.3

131.8
133.9
122.7
126.2

134.3
135.8
126.1
126.1

136.8
135.0
136.1
126.0

135.3

131.4
131.5
126.2
126.8

130.8
132.0
123.7
126.0

134.9
136.6
127.5
126.7

137.9
136.5
138.4
125.0

133.7

129.3
125.8

133.6
135.6
125.6
125.7

283-5,9
283
284
285
287

5.51
2.91
1.57

114.8
127.4
109.4
95.0
118.8

130.3
147.2
116.9
111.5
132.5

132.8
151.3
118.9
108.4
131.8

132.4
150.3
118.0
108.9
135.2

134.4
154.5
117.5
108.6
133.8

136.3
157.4
120.6
108.9
133.9

137.5
159.9
121.2
109.1
133.3

137.8
157.2
121.1
129.3
130.1

143.8
167.7
126.6
115.5
128.7

145.4
167.3
129.6
116.7
132.5

146.2
171.8
127.3
113.0
132.6

137.6
159.1
121.7
110.6
134.5

130.8
152.0
116.2
95.0
135.2

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

1.43
1.25

102.6
104.3
105.1
109.0
100.8
101.0
103.2
93.5

110.3
109.9
108.4
120.0
85.3
109.0
108.7
114.3

109.5
108.7
107.0
114.0
77.5
105.4
110.3
115.6

111.5
110.5
110.5
121.6
85.5
106.8
108.9
119.9

110.7
109.8
109.7
121.0
81.8
117.7
106.2
117.6

112.4
111.6
110.8
131.0
82.0
112.5
106.7
121.0

110.7
109.5
110.4
126.5
76.4
106.8
105.8
119.4

114.9
113.6
122.7
120.6
82.6
108.1
110.9
124.8

114.3
112.5
121.5
115.1
72.9
108.4
111.8
127.0

116.8
114.1
126.1
120.8
82.7
109.7
110.3
135.3

116.4
114.1
122.3
124.7
80.6
120.2
108.3
132.7

114.6
111.7
112.1
132.9
78.3
111.0
106.3
134.6

113.4
111.2
102.3
133.0
81.1
109.1
109.1
129.4

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

3.51

116.2 142.4
120.5 142.2
105.9 124.3
118.0 147.1

142.3
142.6
124.0
146.7

144.3
144.1
124.6
149.2

145.3
151.9
126.3
148.8

143.9
150.6
126.6
147.3

143.7
147.7
125.1
147.7

144.8
145.3
127.9
148.8

137.8
121.4
125.0
143.4

144.4
143.7
129.8
148.1

146.4
149.6
131.4
149.6

145.7
160.8
127.2
148.0

143.5
139.6
122.4
149.2

Furniture and fixtures
Household furniture
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

.15
.89
.49

2.07
.74

.08
.12
.67
.40
.75
.39

1.57

.43
.52

.23
.23
.04
.12
.62
.18
.39
.59

2.54

128.1
125.3

31
314

.27
.12

89.0
83.2

76.3
65.3

75.4
63.5

74.8
63.4

74.7
63.9

74.1
64.2

73.8
63.9

78.2
67.0

71.1
60.9

75.9
65.1

76.1
64.9

75.6
65.6

75.3
65.1

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

2.07

95.3
100.7
93.5
88.3
87.9
92.7

105.8
90.2
70.3
101.4
96.6
106.2

108.8
93.2
71.1
104.3
101.5
108.7

107.0
92.2
71.1
104.4
107.7
105.1

108.2
93.0
70.8
100.8
109.1
107.1

107.2
90.3
67.0
103.5
107.9
106.2

106.8
91.9
71.2

109.2
94.2
74.8
123.8
102.9
106.9

108.9
95.0
74.3
119.5
97.1
107.0

110.9
95.6
74.2
127.3
112.9
107.2

111.1
92.7
68.5
120.0
111.6
109.0

110.5
93.0
70.0
126.3
109.8
108.0

107.0
89.7
67.1

Leather and products
Shoes

.35
.18
.13
.10

1.18

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




15

106.6
105.6

104.1
107.0

Table 6 (continued)
INDUSTRIAL PRODUCTION: INDUSTRY SUBTOTALS AND INDIVIDUAL SERIES
Index. 1987 = 100
Item
Primary metals
Iron and steel
Basic steel and mill products
Basic iron and steel
Pig iron
Raw steel

1996
June

July

3.11
1.74
1.33
.30
.18
.09

101.9
104.7
106.9
102.4
106.9
101.2

121.0
124.2
131.8
110.9
115.3
115.7

118.6
122.8
130.2
108.1
111.4
112.9

108.4
98.0
93.5
108.8
93.4
116.3
97.5

138.3
133.7
118.5
160.8
95.2
144.0
100.8

33
331,2
331

Not seasonally adjusted

Seasonallvadiusted

1992
Value
Index
SIC added1

Aua. Seot.r

Oct.r

Nov.F

1996
June

Julv

120.1
124.1
128.9
109.0
112.3
114,5

120.9
123.6
127.9
109.0
11.2.5
114.0

124.0
129.8
135.2
106.9
109.2
112.9

118.3
122.9
125.2
104.3
105.9
110.0

120.9
124.6
131.7
111.2
115.3
116.4

114.0
119.3
126.9
106.7
110.2
110.0

117.4
120.8
125.9
106.4
109.6
111.0

137.1
144.6
124.6
148.0
110.5
138.0
100.1

135.1
140.0
128;5
147.3
109.9
135.1
109.4

133.7
138.4
122.9
145.4
104.3
135.3
110.1

144.0
143.0
133.7
160.0
116.9
146.1
113.1

131.8
129.6
114.0
158.2
99.2
134.4
115.2

138.1
134.4
120.7
158.2
97.9
143.2
102.6

133.2
114.0
118.8
153.0
113.7
140.4
96.0

Oct.r

Nov.r

122.4
125.5
129.5
107.8
110.9
113.1

123.3
128.5
132.9
106.2
108.2
112.5

118.0
122.3
123.8
105.4
108.4
109.6

132.0
132.7
122.0
150.5
110.0
132.5
104.8

136.3
139.7
123.5,
151.7
104.5
138.2
112.6

141.3 129.6
143.0 130.5
127.6 113.3
162.7 159.1
103.6 94.2
143.3 130.6
114.6 116.9

Aua. Seot.r

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

332

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

Nonferrous metals
Primary nonferrous metals
Copper
Aluminum

333-6,9
333
3331
3334

1.37
.20
.06
.10

98.1
117.2
125.0
120.5

116.6
113.3
128.2
106.2

113.0
121.9
142.5
106.1

114.6
114.3
124.1
107.3

117.1
118.8
136.8
107.0

116.4
121.1
151.8
107.3

112.2
120.3
134.3
107.0

115.8
112.9
127.7
106.5

107.0
116.9
134.4
106.1

112.8
110.7
124.9
106.4

118.0
118.5
138.1
106.3

116.5
122.0
151.6
107.0

112.2
120.5
136.8
107.3

Nonferrous products
Nonferrous mill products
Aluminum
Nonferrous foundries

335,6
335
3353-5
336

.97
.73
.28
.23

89.6
89.0
89.2
91.6

109.7
104.6
87.9
126.3

104.1
98.4
76.1
122.6

106.6
99.5
77.8
129.5

108.2
101.8
82.9
128.7

107.1
100.3
74.7
129.0

101.9
93.7
64.0
128.3

108.8
103.3
84.4
126.5

98.2
92.5
71.1
116.6

105.5
99.3
78.3
125.4

109.1
102.9
83.7
129.0

107.0
100.0
74.1
129.2

101.4
92.6
58.5
129.6

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

5.03
.22
.54
.48
1.28
2.80
1.56

99.0
108.8
94.8
92.8
94.8
101.5
104.5

117.3
100.6
111.7
109.1
116.2
120.4
129.4

117.2
104.0
110.0
107.4
115.4
121.4
131.0

118.1
98.2
112.4
109.9
116.3
122.3
132.9

117.-9
86.2
111.6
109.0
116.9
122.3
132.5

117.5
91.8
112.5
109.7
117.1
121.4
131.6

118.3
95.8
.111.0
108.4
118.0
121,9
132.9

119.4
120.9
113.5
111.1
117.4
122.3
132.8

116.6
115.0
111.0
109.3
116.7
119.1
129.8

120.8 121.7
116.9 89.9
117.2 117.4
115.3 115.3
118.7 119.7
122.7 124.9
134.4 137.2

119.4
86.0
113.3
110.2
119.7
122.2
133.2

118.6
85.5
109.7
106.4
120.4
121.8
131.6

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

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

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

205.2 205.8 210.5
109.9 107.1 110.6
141.0 138.0 139.6
129.7 126.9 127.3
132.6 133.4 136.0
141.6 140.4 137.7
120.0 120.8 122.2
108.5 109.1 110.2
125.5 126.4 128.0
522.0 540.0 553.5
154.8 140.0 149.8
151.8 130.7 145.4
138.8 140.9 146.7

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

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

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

123.5
103.2
98.4
106.9
95.7
113.3
108.3
107.8
99.3
102.3

191.0
119.5
99.3
149.8
127.4
137.5
163.2
157.9
122.8
170.0

190.1
121.3
104.8
149.2
124.1
125.9
185.1
153.3
126.0
161.5

190.2
119.7
101.5
149.5
124.5
167.0
157.4
147.9
124.6
151.5

190.2 189.3
119.6 117.8
101.5 100.9
141.6 135.2
120.7 100.9
124.1 120.2
157.1 153.4
150.4 146.7
118.5 114.4
167.7 160.6

189.9
119.1
101.4
137.4
110.7
133.3
147.8
144.6
111.3
159.2

131.8
123.0
102.1
150.9
119.1
153.8
162.4
156.5
121.1
170.6

185.8
123.5
106.5
131.0
100.8
125.9
134.3
143.2
119.1
131.3

191.1 194.2 191.9
125.3 125.5 118.4
110.1 110.0 102.9
146.9 147.6 146.8
124.8 124.3 115.9
143.5 131.2 132.0
162.5 163.9 169.6
149.9 156.6 155.0
122.7 126.2 125.6
148.6 165.4 178.6

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

365
366
367
369
3691

.21
1.59
2.66
.68
.11

126.1 146.3
120.0 158.7
153.8 310.5
106.0 150.5
93.3 134.8

140.7
159.0
309.0
145.1
106.1

124.5
156.5
312.2
147.1
107.7

123.8
157.4
311.4
147.4
110.7

146.2
157.4
309.7
145.8
105.3

139.5
155.5
312.0
147.9
115.3

144.7
156.0
310.9
149.7
130.6

121.0
155.6
303.2
139.4
103.7

140.2 143.1
156.0 157.9
309.7 313.4
147.2 154.6
116.7 148.6

167.0 155.0
157.3 158.9
310.6 315.9
149.8 150.8
120.8 121.7

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

37
371

3714
3716

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

104.8
107.4
90.0
119.7
121.7
125.2
117.3
114.8
87.6

116.6 120.3
148.7 154.5
113.9 119.9
176.5 192.4
179.0 196.6
189.2 209.3
166.2 180.6
161.5 161.5
169.7 130.8

118.7
150.3
114.3
179.9
183.2
194.7
168.6
164.1
140.8

117.9
148.0
110.9
173.9
176.5
188.0
162.0
164.1
180.1

113.8
138.0
94.9
173.2
177.2
188.1
163.5
154.9
1.61.3

118.4
146.3
105.3
180.0
183.3
194.8
168.8
161.0
182.9

122.5
159.8
127.6
195.8
199.6
211.6
184.5
164.3
167.1

99.0
112.5
71.0
114.2
114.2
111.9
117.4
151.6
134.6

116.1 119.6
146.5 151.6
108.5 110.0
177.8 187.4
181.1 190.8
191.0 206.3
168.6 171.1
161.3 165.9
138.8 175.0

117.7
146.8
106.1
190.5
195.5
210.5
176.4
154.7
179.1

117.7
145.0
104.4
175.8
179.5
192.4
163.3
162.5
149.3

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

4.73
2.95
.51
1.26

102.3
107.8
93.6
95.2

87.3
87.6
88.8
86.7

88.2
88.8
88.9
87.4

89.0
91.0
87.8
86.2

90.4
93.9
87.3
85.3

91.6
96.0
88.0
84.7

86.5
86.6
90.6
85.3

86.0
86.2
87.4
85.5

89.7
92.4
87.3
85.5

91.6
95.5
88.0
85.5

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

85.8
85.7
91.1
84.0

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




16

211.3 212.3 214.9 210.4 211.1
111.1 112.2 111.6 108.1 105.2
136.8 139.8 143.2 139.8 127.4
128.6 128.0 131.7 130.1 125.3
134.8 134.7 135.0 136.5 139.9
137.4 137.6 134.9 141.1 136.0
120.8 121.5 119.8 123.2 122.8
108.5 107.3 106.5 108.6 105.1
126.7 128.4 126.2 130.2 131.3
568.0 576.5 586.9 537.1 573.4
146.5 135.9 146.2 166.7 135.4
140.9 126.2 139.4 167.5 126.9
142.8 145.6 145.0 143.7 147.4

217.8
107.0
127.9
127.4
143.9
135.4
126.2
107.7
135.1
599.7
135.0
125.1
155.9

86.9
87.1
89.0
86.2

218.3 212.2 208.3
111.4 112.3 114.5
132.0 134.3 139.0
129.6 127.1 131.4
144.3 134.8 130.2
137.6 136:B 136.5
126.8 121.3 117.9
10815 106.3 108.1
135.7 128.5 122.6
591.6 581.3 566.0
142.6 134.2 131.2
135.2 123.8 118.8
152.5 145.7 139.6

88.9
90.7
88.2
86.2

191.8
115.2
97.8
135.5
116.6
118.5
149.7
144.0
122.2
158.0

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

Not seasonally adjusted

1992
Value
1
Index
SIC added

Item

1996
June

July

Aua.

SeDt.r

Oct.r

Nov.r

1996
June

Julv

Aua.

Seot.r

Oct.1"

Nov.r

38
381-4
384

5.36
4.32
1.56

106.3
107.0
138.2

113.7
111.6
160.1

112.3
109.9
153.8

113.6
111.3
156.2

113.7
110.8
156.0

113.7
111.0
156.6

113.8
110.4
155.3

115.2
113.3
166.8

114.1
112.5
168.1

115.6
114.1
169.9

116.9
114.9
170.8

114.1
111.4
158.7

113.3
109.7
150.8

Misc. manufactures
Consumer goods
Business supplies

39
391,3,4,6
395,9

1.32
.67
.65

106.9
106.5
107.4

124.4
117.8
131.3

124.1
117.1
131.2

124.0
116.7
131.6

124.0
116.4
131.9

124.1
115.4
133.0

124.4
116.2
133.3

124.5
116.9
132.5

118.8
109.1
128.8

124.6
116.3
133.2

127.4
119.5
135.6

128.3
120.3
136.7

128.9
122.3
135.9

Electric utilities
Generation
Fossil fuel
Hydro and nuclear

491,3pt

6.15
2.64
1.32
1.32

111.7
111.3
103.6
121.4

126.7
124.9
111.9
141.4

122.7
121.3
108.7
137.3

125.7
123.8
112.4
138.5

124.6
123.3
113.0
136.7

125.2
124.5
113.4
138.8

128.0
127.3

131.3
132.8
118.0
151.6

139.0
135.6
126.6
147.5

139.8
135.1
128.6
144.2

126.8
121.0
114.3
130.0

115.8
112.2
106.6
119.9

118.7
120.1

3.51
1.43
2.08
1.21
.87

112.0
109.9
113.4
112.8
114.2

128.1
130.7
126.3
131.2
119.4

123.8
123.6
123.9
127.5
118.7

127.1
127.6
126.7
131.9
119.4

125.6
124.2
126.5
129.7
121.9

125.7
123.6
127.1
130.5
122.3

128.6

130.1
128.0
131.6
137.4
123.3

141.5
149.3
135.9
145.0
123.0

143.3
148.6
139.5
148.7
126.5

131.2
128.9
132.8
138.3
125.0

118.5
106.1
127.2
129.3
124.3

117.7
122.3

1.57
.64
.28
.46

112.7
108.7
115.4
114.4

125.8
114.7
129.8
133.6

122.1
112.0
122.1
132.0

124.9
112.3
129.8
135.4

128.6
121.6
131.2
134.6

126.7

129.7

76.5
45.9
70.2
101.2

72.6
36.5
63.7
104.1

73.8
35.1
64.7
107.6

73.4
41.0
66.7
101.4

92.4

133.8

Instruments
Scientific and medical
Medical instruments

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

492,3pt

128.4

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

Table 7
INDUSTRIAL PRODUCTION: GROSS VALUE OF PRODUCTS
Billions of 1992 dollars at annual rates, seasonally adjusted
1995
1992
Item
Q3
1996

1996
Q1

Q2

2002.9 2312.9 2254.9 2253.9 2270.5

2311.9

2333.7 2352.3 2334.3 2332.3 2334.4 2329.7 2357.0 2370.3

1552.2

1806.2

1757.3

1753.5

1771.4

1807.7

1825.3

1838.2

1831.0

1823.1

1821.7

1818.3

1842.1

1854.3

Consumer goods
Durable
Automotive products
Other durable goods
Nondurable

1033.4
222.3
122.4
99.9
811.1

1143.3
274.0
161.6
112.4
869.3

1133.6
271.4
159.0
112.4
862.2

1134.5
273.8
160.3
113.5
860.7

1134.2
264.7
154.2
110.5
869.5

1147.9
280.9
166.7
114.2
867.0

1148.9
284.1
171.5
112.6
864.8

1152.7
275.6
163.4
112.2
877.0

1156.4
292.1
177.6
114.5
864.3

1146.7
282.2
169.7
112.5
864.5

1143.6
278.1
167.2
110.9
865.5

1141.2
267.7
157.0
110.7
873.5

1155.9
277.2
166.3
111.0
878.7

1160.9
281.9
167.0
115.0
879.0

Equipment, total
Business and defense
Business
Defense and space

518.8
500.3
415.6
84.7

663.0
636.9
572.6
64.2

623.7
599.7
533.3
66.4

619.1
595.3
531.8
63.5

637.2
612.4
549.0
63.5

659.8
632.6
568.0
64.5

676.4
649.9
585.0
64.9

685.5
659.4
595.1
64.3

674.7
648.4
583.7
64.7

676.4
649.4
584.2
65.2

678.2
652.1
587.1
65.0

677.1
650.8
586.3
64.6

686.2
660.3
596.3
64.0

693.4
666.9
602.7
64.2

450.7
177.0
273.7
70.6

506.7
208.2
298.5
80.0

497.6
199.6
298.1
78.6

500.4
202.4
298.0
79.1

499.2
202.2
297.0
79.7

504.2
206.8
297.4
80.1

508.4
211.0
297.3
79.3

51.4.1
212.4
301.6
80.1

503.3
207.6
295.7
77.6

509.2
212.1
297.2
80.0

512.7
213.5
299.2
80.5

511.4
210.4
301.0
80.7

514.9
213.1
301.8
80.3

515.9
213.8
302.1
79.2

Products, total
Final products

Intermediate products
Construction supplies
Business supplies
Commercial energy products

Q4

Q3 r

Q4P

1996
July

Aug.

Sept/

Oct.r

Nov.r

Dec.P

Table 8
DIFFUSION INDEXES OF INDUSTRIAL PRODUCTION
Percent
Year

Jan.

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.

Oct.

Nov.

Dec.

One Month Earlier
1994
1995
1996

50.0
52.7
40.4

62.7
45.0
65.0

65.8
48.5
51.9

60.4
42.7
54.6

63.8
49.2
56.2

59.2
51.5
60.8

59.6
48.5
45.8

58.1
58.8
57.5

52.3
53.5
51.9

60.0
44.4
54.4

58.8
51.7
57.3

63.5
49.6

61.9
62.7
47.3

63.5
53.1
50.8

69.2
46.5
54.6

72.7
40.8
60.8

73.1
40.0
58.1

67.7
43.8
61.9

67.3
47.7
55.4

66.9
52.3
58.1

61.5
57.3
52.7

60.0
50.4
54.6

62.7
49.6
54.4

66.9
49.6

63.1
68.5
48.1

66.5
58.1
49.2

70.8
60.4
55.0

73.1
54.2
54.4

111

72.3
38.8
66.9

74.2
41.2
64.2

75.4
44.2
60.4

69.6
47.3
63.1

70.8
47.3
61.2

68.5
52.3
58.8

73.1
51.5

Three Months Earlier
1994
1995
1996

Six Months Earlier
1994
1995
1996

47.7
60.0

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.



17

Table 9
ELECTRIC POWER USE: MANUFACTURING AND MINING
Index, 1987=100
Not seasonally adjusted

Seasonallvadiustec

1987
Billion
KWH
850.7

1996
June
115.2

Julv
117.4

776.5
351.3
425.2
74.2

115.4
110.5
119.7
112.8

14.6
6.3
4.8

12

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

Nov.P
116.7

1996
June
117.3

Julv
118.1

Aua.
120.1

SeDt.r
120.7

Oct.r
118.5

Nov.P
115.2

117.9
112.4
122.8
115.3

116.9
110.2
122.8
114.0

117.7
112.8
122.0
111.9

118.5
113.4
123.0
112.2

120.7
114.8
126.0
112.0

121.3
115.1
126.8
112.8

118.9
113.2
123.8
114.3

115.3
108.8
121.1
114.0

162.4
165.9
169.3

168.4
163.6
185.5

158.4
151.5
176.2

153.0
153.4
157.4

166.6
167.0
178.7

166.9
163.9
184.5

160.0
160.7
169.9

166.5
166.1
178.6

158.3
153.7
172.5

97.5

100.5

98.2

98.2

93.1

83.1

89.7

93.5

94.3

100.1

98.4
100.3
77.8

94.2
95.1
77.7

93.7
94.1
82.2

94.6
95.3
81.3

96.1
95.4
87.3

98.2
98.7
85.6

98.1
99.2
81.0

93.9
94.5
78.4

94.1
94.3
83.0

94.1
94.9
80.9

93.9
93.8
85.6

122.1
144.3
127.8
114.2

125.2
146.4
128.7
116.8

121.1
145.2
129.0
109.6

127.6
149.2
132.8
119.9

128.9
149.9
134.3
121.7

129.4
152.1
133.0
122.1

124.7
150.6
132.2
115.4

124.6
149.1
134.2
114.3

124.3
154.4
137.9
110.1

131.9
159.4
141.0
122.1

132.3
161.1
142.7
121.9

132.7
163.0
140.6
122.1

52.9
8.7
6.5
6.6
10.9
3.3
3.7
3.4
5.9
3.9

125.6
143.8
109.6
122.6
137.5
128.5
146.0
140.2
106.2
114.2

128.0
144.4
112.7
128.0
140.3
128.8
153.2
140.3
107.1
115.4

125.9
145.3
109.5
123.3
139.5
127.3
147.8
133.2
105.6
114.6

126.7
144.2
108.9
127.9
136.2
128.9
148.4
140.2
107.5
116.8

129.0
148.9
112.1
129.9
143.1
130.6
145.4
140.3
109.8
113.0

129.1
149.0
111.6
131.6
145.1
126.4
146.9
139.3
108.7
113.3

128.3
151.5
118.1
120.8
134.9
135.5
134.8
136.3
114.2
119.2

134.0
156.9
125.9
130.4
138.4
141.0
138.6
129.6
121.0
125.1

137.2
160.6
121.0
145.7
141.6
142.5
140.5
130.8
121.7
127.3

139.9
159.6
119.5
157.4
142.2
145.3
144.5
137.3
124.5
130.4

134.0
152.5
112.7
145.8
149.5
135.4
147.8
138.4
114.2
117.0

129.0
146.1
106.5
132.2
148.6
123.7
171.1
142.9
104.2
112.4

21

1.7

114.2

121.2

121.2

125.0

119.4

126.0

115.1

122.1

130.8

135.2

123.8

120.2

22
221-4
225
226
228
229

29.9
11.6
3.4
2.2
8.4
2.9

110.8
92.9
136.6
125.4
119.1
129.5

115.3
100.7
143.1
130.9
114.2
138.3

114.3
98.5
138.7
127.4
124.2
127.4

117.7
102.0
136.5
126.9
121.5
141.2

114.7
97.7
143.4
123.4
119.5
135.6

118.0
100.4
135.4
126.4
129.9
135.7

121.1
101.7
153.8
130.3
130.8
139.1

115.1
100.8
149.8
121.5
113.0
136.3

129.3
111.1
159.7
131.0
141.6
144.5

129.0
111.9
156.3
132.2
133.4
151.4

119.8
101.8
150.1
124.7
125.1
142.1

113.7
96.6
129.1
124.9
124.4
132.3

23
231,2
233

6.6
1.9
1.9

101.4
116.8
84.0

101.9
112.4
88.2

105.1
118.9
86.1

102.8
117.0
86.1

102.9
117.1
85.4

105.0
122.2
90.1

109.3
128.8
91.2

111.2
125.4
98.1

122.3
143.5
102.0

118.2
138.6
99.1

104.5
119.3
86.5

97.8
110.2
82.3

Lumber and products
Lumber
Millwork and plywood

24
242
243

21.6
7.9
5.7

127.2
111.6
124.2

126.8
112.1
122.3

128.6
114.2
127.0

126.3
110.7
121.4

127.8
111.4
126.4

128.7
111.7
127.0

126.5
109.9
123.7

122.5
106.9
118.1

127.5
111.3
126.1

126.9
110.2
122.9

126.9
111.0
125.7

129.3
114.9
126.4

Furniture and fixtures
Household furniture

25
251

5.7
3.2

122.6
116.8

120.6
113.3

122.1
116.2

121.8
115.4

123.0
115.7

122.8
115.2

123.5
118.7

118.9
108.5

129.7
123.1

129.1
122.2

124.8
119.4

120.5
114.6

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

26
261
262
263
265
267

97.0
7.1
51.6
26.0
4.5
7.6

116.6
91.3
114.3
133.6
124.3
116.4

121.0
97.3
118.7
137.0
133.6
116.4

120.7
98.8
118.1
133.9
131.1
120.7

121.7
94.4
120.3
137.0
131.8
116.6

121.5
106.6
118.7
135.6
131.7
117.6

118.1
109.5
115.1
130.0
124.1
117.2

118.2
97.8
115.7
131.6
123.5
119.0

121.5
100.9
118.6
135.5
132.5
119.3

124.2
103.5
121.5
134.7
134.6
125.1

122.5
97.4
120.4
133.5
134.0
121.5

120.3
106.1
117.5
131.1
130.7
117.6

117.7
114.2
114.9
126.4
121.2
115.9

Printing and publishing
Newspapers
Commercial printing

27
271
275

15.7
3.4
8.2

136.7
119.8
139.5

136.5
119.7
139.8

133.9
117.2
137.0

136.5
118.9
140.2

136.4
118.0
139.2

138.0
115.3
143.3

142.3
125.5
145.6

150.1
131.9
154.2

153.5
131.1
158.4

153.8
131.9
158.9

140.9
120.4
144.8

134.0
112.2
139.5

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

146.2
61.8
14.1
29.1
10.9
18.2

120.9
121.2
118.1
132.5
105.4
151.8

121.2
120.0
112.6
130.6
108.6
146.3

121.2
119.1
113.1
129.3
104.8
146.6

122.9
122.2
106.8
135.0
109.3
153.3

123.3
121.8
112.3
133.2
97.3
158.7

124.6
123.3
111.1
139.7
105.7
163.9

120.8
119.9
116.7
130.9
104.3
149.8

121.6
118.6
113.8
125.7
109.8
136.9

122.2
117.8
113.8
123.8
107.7
135.2

124.0
121.5
104.8
131.1
109.0
146.8

123.6
122.6
113.3
134.4
96.3
161.4

122.3
121.7
108.6
137.4
106.2
159.6

Aua.
116.3

r

Seot.
117.2

r

Oct.
117.7

117.4
113.3
121.2
117.3

116.4
111.5
120.8
114.4

117.4
112.0
122.3
114.0

155.0
156.4
159.7

170.2
168.5
185.5

172.0
173.6
188.5

13.4

98.6

101.5

13
131
132

33.0
27.7
3.7

97.5
98.4
83.2

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

14
142
144
147

12.3
3.5
2.9
3.9

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

20
201
202
203
204
205
206
207
208
209

Item
Total

1987 SIC

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

Tobacco products
Textile mill products
Fabrics
Knit goods
Fabric finishing
Yarn and thread
Miscellaneous textiles
Apparei products
Men's outerwear
Women's outerwear




18

Table 9 (continued)
ELECTRIC POWER USE: MANUFACTURING AND MINING
Index, 1987= 100
Not seasonallv adjusted

Seasonallvadiustec

1987 SIC

1987
Billion
KWH

1996
June

July

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

26.5
14.2
5.5
3.1
36.0
8.5

113.5
127.9
139.9
110.2
105.1
131.8

116.8
132.4
144.5
111.8
105.2
126.9

117.6
134.1
142.1
112.2
108.4
127.2

Petroleum products

29

40.1

103.1

103.0

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

30
301
306
308

33.1
3.6
3.1
24.9

146.5
115.0
117.8
154.6

Leather and products
Shoes

31
314

1.0
.4

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

32
321
322
324
325
327

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

r

Nov.P

1996
June

116.9
135.5
146.3
111.1
106.2
126.7

120.2
141.0
149.6
115.3
107.5
128.8

120.6
134.2
152.0
114.1
110.8
128.9

116.4
131.9
149.1
115.4
105.4
128.8

119.7
135.3
159.5
121.1
105.9
124.4

103.4

104.1

106.8

105.9

106.0

147.5
117.4
117.7
155.3

147.6
121.7
118.9
154.4

147.9
124.5
120.1
153.6

149.6
124.6
121.0
156.0

146.8
119.4
119.5
153.6

96.7
91.1

100.5
93.6

98.5
93.7

95.1
92.3

98.8
92.9

33.8
1,7
6.7
10.1
1.6
5.1

109.1
111.4
102.4
106.0
114.4
96.1

111.8
113.1
106.9
108.3
119.0
98.1

112.2
108.8
104.0
113.8
118.9
96.4

112.7
116.3.
106.2
111.1
117.7
99.4

33
331
332
333
3334
336

137.9
54.4
9.9
55.8
51.2
2.7

105.4
116.0
108.7
84.8
76.1
116.6

110.2
124.0
107.1
87.7
78.4
121.3

106.2
123.0
117.5
79.6
66.1
119.5

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

34
341
342
344
345
346

31.5
2.5
2.7
5.6
1.7
7.1

116.7
123.8
118.0
112.4
109.4
135.5

119.3
127.4
116.7
115.1
109.2
140.6

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

33.4
2.5
1.6
4.2
4.2
2.5
4.8
6.1
3.3

113.1
103.4
140.2
102.3
131.9
118.9
117.3
86.5
149.5

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

31.3
1.4
4.1
2.5
2.9
.6
3.1
12.8

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

37
371
372
373

Instruments
Photographic equip. & supplies
Miscellaneous manufactures

Item

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




Seot.r

Oct.r

Nov.P

121.6
137.5
159.2
124.2
110.8
125.9

119.9
137.7
163.5
122.1
109.8
123.5

120.2
139.2
151.5
118.7
110.0
126.0

118.9
131.3
144.9
111.6
110.4
127.2

106.0

107.3

107.4

105.2

104.8

150.9
118.5
123.3
158.6

148.1
117.7
120.5
155.3

153.2
129.0
125.5
158.9

154.4
129.4
127.0
160.1

151.5
123.6
122.9
158.2

145.8
117.5
118.0
152.6

97.5
89.2

100.7
95.1

100.5
95.4

106.4
106.5

104.5
104.0

98.6
94.1

94.2
86.1

112.3
117.7
104.9
110.7
123.2
96.5

110.6
107.9
103.4
109.6
118.7
97.3

111.9
113.2
103.6
112.8
116.5
97.5

112.2
113.6
105.7
112.7
119.7
97.6

115.6
111.2
107.0
119.3
119.9
98.5

115.2
118.6
107.4
115.1
120.7
101.9

115.2
116.4
106.3
118.6
122.0
98.5

112.6
105.5
102.9
117.0
118.5
99.0

106.4
120.4
113.6
82.9
73.4
123.2

106.9
117.8
125.5
83.6
73.2
130.0

102.8
114.4
124.6
83.3
73.5
128.1

106.0
116.9
109.1
85.6
77.9
117.1

107.4
118.0
102.2
88.9
80.7
116.3

105.5
121.9
111.6
80.3
66.3
119.8

105.1
118.9
115.6
80.9
70.6
126.4

107.4
118.0
126.5
84.2
73.6
132.3

102.0
114.2
125.8
81.6
72.1
129.4

117.8
127.7
118.5
113.8
109.4
139.0

118.9
130.2
118.3
113.1
111.9
137.3

119.0
129.6
119.0
112.4
113.2
139.7

119.4
135.7
117.8
111.4
116.6
138.2

119.6
128.6
120.5
113.1
113.4
140.4

120.6
132.1
118.5
114.9
114.0
136.6

122.1
131.2
125.0
115.5
118.5
141.0

124.5
135.6
125.0
117.1
119.3
144.2

120.5
130.0
119.5
113.5
116.9
142.8

118.7
133.0
115.4
111.9
116.6
138.5

114.7
105.5
139.6
102.1
132.5
117.3
117.7
89.5
156.9

116.8
114.2
1-50.4
105.3
134.2
120.0
118.0
92.3
146.7

116.0
112.4
140.1
103.5
134.3
120.6
117.1
93.3
148.7

115.4
110.4
154.0
100.5
134.7
122.5
118.8
88.1
147.8

114.7
107.1
161.3
99.3
135.0
122.0
116.6
88.3
146.8

117.7
105.5
138.1
106.1
134.4
122.5
121.3
92.1
158.2

120.3
100.6
127.3
107.7
138.7
125.4
122.1
97.3
163.8

123.9
112.2
141.1
109.0
142.8
130.2
125.4
98.9
159.7

124.0
113.0
138.1
112.0
143.4
130.5
125.7
98.3
160.8

116.1
106.6
142.1
101.2
134.0
123.7
118.9
90.5
150.1

111.9
103.8
150.7
99.1
129.6
118.0
113.2
86.7
142.6

117.0
75.5
110.2
94.8
109.7
159.4
102.1
136.0

118.5
77.9
108.2
98.1
111.2
152.8
100.9
138.6

117.7
75.5
108.3
96.8
112.7
168.9
96.8
137.9

120.4
76.3
109.0
94.9
115.0
171.0
103.9
141.5

118.7
76.3
106.8
96.1
117.0
172.7
98.7
139.5

121.6
76.5
109.8
94.1
117.3
164.7
102.1
145.6

121.5
77.8
113.0
100.9
116.5
164.1
106,4
140.4

123.6
81.2
111.8
101.6
113.0
158.3
109.3
145.4

126.7
83.9
112.6
105.5
116.5
184.5
107.8
148.4

129.4
83.7
112.9
102.7
121.4
184.9
114.8
151.5

120.7
78.2
106.1
98.4
118.7
180.3
99.8
141.2

118.9
74.2
105.9
90.1
115.2
166.3
98.1
142.2

38.3
21.9
10.1
2.1

105.3
109.5
87.0
98.1

106.5
108.4
93.2
93.9

105.0
107.9
88.5
91.4

105.8
109.4
88.4
91.2

108.2
111.8
89.5
94.3

103.0
104.7
88.8
96.6

109.7
114.4
90.2
98.1

107.0
108.2
94.6
95.3

111.6
115.2
93.8
93.5

112.0
116.4
93.9
93.5

108.8
112.9
90.5
92.2

100.4
102.5
85.6
93.9

38
386

13.1
1.7

107.4
89.3

105.8
91.3

103.5
83.6

103.2
81.8

103.6
82.3

103.4
81.8

112.9
92.3,

115.2
94.9

114.6
90.5

114.1
87.5

106.6
84.9

101.2
79.3

39

4.6

150.2

153.9

148.0

150.8

154.3

154.4

154.4

160.4

159.7

164.0

156.2

148.7

832.5
765.4
85.3

114.0
114.3
113.9

116.5
116.6
116.5

115.3
115.4
116.6

116.0
116.4
116.1

116.5
116.7
113.8

115.2
115.8
111.0

116.2
116.6
111.7

117.5
117.1
117.5

119.7
119.3
117.2

119.9
120.2
113.4

117.2
117.8
114.5

113*8
114.5
110.6

Auq. _SepH_ Oct.

19

Julv _ Aua.

period. The average revision to the percent change in total IP, without regard to sign,
from the first to the fourth estimates was 0.21 percentage point during the 1987-95
period. In most cases (about 82 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.

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

Rounding. The published percent changes are calculated from unrounded indexes,
and may not be the same as percent changes calculated from the rounded indexes
shown in the release.
References. Industrial Production—1986 Edition contains a more detailed
description of the methods used to compile the index, plus a history of its
development, a glossary of terms, and a bibliography. To obtain Industrial
Production—1986 Edition ($9.00 per copy), write to Board of Governors of the
Federal Reserve System, Publications Services, Washington, DC 20551. The 1990
and 1993 revisions to the index were described in the Federal Reserve Bulletin, vol.
76 (April 1990), pp. 187-204 and vol. 79 (June 1993), pp. 590-605, respectively.
Two revisions were published in 1994 and were described in the Federal Reserve
Bulletin, vol. 80 (March 1994), pp. 220-6 and vol. 81 (January 1995), pp. 16-26. The
annual revision published in November 1995 was described in the Federal Reserve
Bulletin, vol. 82 (January 1996), pp. 16-25.

Industrial Production
Coverage. The industrial production (IP) index measures output in the
manufacturing, mining, and electric and gas utilities industries. For the period since
1992, the total IP index has been constructed from 260 individual series based on the
1987 Standard Industrial Classification (SIC). These individual series are classified
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.

Capacity Utilization

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.

Definition. Capacity utilization is calculated for the manufacturing, mining, and
electric and gas utilities industries. For a given industry, the utilization rate is equal to
an output index divided by a capacity index. Output is measured by seasonally
adjusted indexes of industrial production. The capacity indexes attempt to capture
the concept of sustainable practical capacity, which is defined as the greatest level of
output that a plant can maintain within the framework of a realistic work schedule,
taking account of normal downtime, and assuming sufficient availability of inputs to
operate the machinery and equipment in place. The 75 individual capacity indexes
are based on a variety of data, including capacity data measured in physical units
compiled by trade associations, surveys of utilization rates and investment, and
estimates of growth of the capital input.

Timing. The first estimate of output for a month is published around the 15th of the
following month. The estimate is preliminary (denoted by the superscript "p" in
tables) and subject to revision in each of the subsequent three months as new source
data become available. (Revised estimates are denoted by the superscript "r" in
tables.) After the fourth month, indexes are not revised further until the time of an
annual revision or a benchmark revision. The last three benchmark revisions were
published in 1990, 1985, and 1976.
Source data. In annual or benchmark revisions, the individual IP indexes are
constructed from a variety of source data, such as the quinquennial Censuses of
Manufactures and Mineral Industries and the Annual Survey of Manufactures,
prepared by the Bureau of the Census; the Minerals Yearbook, prepared by the
Bureau of Mines; and publications of the Department of Energy. On a monthly basis,
the individual indexes of industrial production are constructed from two main types
of source data: (1) output measured in physical units and (2) data on inputs to the
production process, from which output is inferred. Data on physical products, such as
tons of steel or barrels of oil, are obtained from private trade associations as well as
from government agencies including those listed above; data of this type are used to
estimate monthly IP where possible and appropriate. When suitable data on physical
product are unavailable, estimates of output are based on either production-worker
hours or electric power use by industry. Data on hours worked by production workers
are collected in the monthly establishment survey conducted by the Bureau of Labor
Statistics. The data on electric power use are described below. The factors used to
convert inputs into estimates of production are based on historical relationships
between the inputs and the comprehensive data used to benchmark the IP indexes:
these factors also may be influenced by technological or cyclical developments.
Especially for the first and second estimates for a given month, the available source
data are limited and subject to revision.
Weights. In the index, series that measure the output of an individual industry are
weighted according to their proportion in the total value-added output of all
industries. The industrial production index, which extends back to 1919, is built in
chronological segments that are linked together to form a continuous index
expressed as a percentage of output in a comparison base year (currently 1987). Each
segment, which usually spans five years, is a Laspeyres quantity index showing
changes in quantities with prices (Census value added per unit of output) held at
base-year values for the segment. For the period from 1992 to the present, IP is
aggregated on the basis of 1992 value-added weights. The aggregation of the index
for the 1987-91 period is based on 1987 weights, whereas 1982 weights are used for
the 1982-86 period. The other weight years in the postwar period are 1977, 1972,
1967, 1963, 1958, 1954, and 1947. The 1992 value-added weights used to aggregate
the index are shown in the first column of tables 1, 2, and 6, in the "Value added"
column under the heading "1992."
Seasonal adjustment. Individual series are seasonally adjusted by the X-l 1ARIMA
method, developed at Statistics Canada. For series based on production-worker
hours, the current seasonal factors were estimated with data through October 1995;
for other series, the factors were estimated with data through at least June 1995. In
some cases, series were preadjusted for the effects of holidays or the business cycle
before using X - l l ARIMA. The seasonally adjusted total index is calculated by
aggregating the seasonally adjusted major market groups, and may not precisely
equal an aggregation of the seasonally adjusted industry groups.
Reliability. The average revision to the level of the total IP index, without regard to
sign, between the first and the fourth estimates was 0.29 percent during the 1987—95



20

Groups. Estimates of capacity and utilization are available for a variety of groups,
including primary and advanced processing industries within manufacturing,
durable and nondurable manufacturing, total manufacturing, mining, utilities, and
total industry. Component industries of the primary and advanced processing groups
within manufacturing are listed in the note on tables 2 and 3 of the release.
Weights. Value-added proportions are used to weight the individual capacity
indexes in aggregations in the same manner as individual IP series are aggregated to
the total index of industrial production. Although each utilization rate is the result of
dividing an IP series by a corresponding capacity index, aggregate utilization rates
are equivalent to combinations of individual utilization rates aggregated with
proportions that reflect current capacity levels of output valued in base-period
value-added per unit of actual output. The implied proportions of individual industry
operating rates in the rate for total industry for the most recent year are shown in the
first column of table 3.
Perspective. The historical highs and lows in capacity utilization shown in the tables
above are specific to each series and did not all occur in the same month. Industrial
plants usually operate at capacity utilization rates that are well below 100 percent:
none of the broad aggregates has ever reached 100 percent. For total industry and
total manufacturing, utilization rates have exceeded 90 percent only in wartime.
References. The basic methodology used to estimate capacity and utilization is
discussed in the Federal Reserve Bulletin, vol. 71 (October 1985), pp. 754-66. The
1990 and 1993 revisions were described in the Federal Reserve Bulletin, vol. 76
(June 1990), pp. 412-35 and vol. 79 (June 1993), pp. 590-605, respectively. Two
revisions were published in 1994 and were described in the Federal Reserve Bulletin,
vol. 80 (March 1994), pp. 220-6 and vol. 81 (January 1995), pp. 16-26. The annual
revision published in November 1995 was described in the Federal Reserve Bulletin,
vol. 82 (January 1996), pp. 16-25.

Electric Power
Data on electric power (expressed in kilowatt hours) are collected by the Federal
Reserve District Banks from electric utilities and also from manufacturing and
mining establishments that generate electric power for their own use (cogenerators).
The indexes of power use shown in table 9 are sums of kilowatt hours used by an
industry or industry group expressed as a percentage of that industry's or group's
usage in 1987. The first column of the table shows, for reference, electric power use
in billions of kilowatt hours as reported by manufacturing and mining industries in
the 1987 censuses of those industries. The supplementary group, "Total, less nuclear
nondefense," is shown separately because the 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.

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

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