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FEDERAL RESERVE statistical release
For release at 9:15 a*m. (EDT)
July 16,1996

G.17(419)
INDUSTRIAL PRODUCTION AND CAPACITY UTILIZATION

Industrial production increased 0.5 percent in June after a downward revised gain of 0.5 percent in May*
The output of consumer durables, business equipment, construction supplies, and materials advanced nearly 1 percent or
more. After a relatively hot May, however, the production of nondurable consumer goods fell as electricity output
slackened. At 125.7 percent of its 1987 average, total industrial production in June was 3.5 percent higher than it was in
June 1995. For the second quarter, industrial production increased at a seasonally adjusted annual rate of 5.6 percent, up
from 3.0 percent in the first quarter; the recovery in the output of motor vehicles and parts after the General Motors strike
in March accounted for the acceleration.
ity
Industrial capacity utilization rose 0.1 percentage point in June, to 83.2 percent.
Market Groups
The output of consumer goods was unchanged in June, with a 1.6 percent increase in the production of
durable consumer goods offset by a 0.4 percent decrease in the output of the much larger consumer nondurables category.
(over)

INDUSTRIAL PRODUCTION AND CAPACITY UTILIZATION: SUMMARY
Seasonally adjusted
index, 1987=100
1996
1996
Mar/
Industrial Production
Apr/
Mayr
JuneP
Mar/

Percent chanqe
Apr/

Mayr

JuneP

June 95 to
June 96

Total index
Previous estimates

123.6
123.6

124.5
124.4

125.1
125.3

125.7

-.5
-.5

.7
.7

.5
.7

.5

3.5

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

120.0
115.3
162.7
111.5
129.1

120.7
115.8
166.4
109.5
130.2

121.1
116.1
166.5
110.6
131.2

121.5
116.2
168.3
111.5
132.3

-.6
-1.1
-1.3
2.0
-.2

.6
.5
2.3
-1.7
.9

.3
.2
.1
.9
.8

.3
.0
1.0
.9
.8

3.0
1.2
8.5
4.0
4.3

Major industry groups:
Manufacturing
Durable
Nondurable
Mining
Utilities

125.2
135.6
113.6
101.1
128.0

126.5
138.4
113.4
100.5
126.0

126.9
139.0
113.6
101.0
129.2

127.6
140.4
113.6
102.5
127.6

-.9
-1.4
-.2
3.2
1.1

1.1
2.0
-.2
-.5
-1.6

.3
.4
.1
.5
2.6

.6
1.0
.1
1.5
-1.3

3.5
6.8
-.6
1.5
5.4

Apr/

Mayr

Capacity
growth
June 95 to
June 96
JuneP

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




Average
1967-95

1982
Low

Percent of Capacity
1988-89
1995
1996
High
Mar/
June

82.1

71.8

84.9

83.5

82.6
82.6

82.9
82.9

83.1
83.2

83.2

3.9

81.4
80.7
82.6
87.4
86.9

70.0
71.4
66.8
80.6
76.2

85.2
83.5
89.0
86.5
92.6

82.7
80.8
87.0
90.2
89.7

81.3
79.6
85.3
90.3
94.0

81.8
80.4
85.3
89.9
92.4

81.8
80.2
85.6
90.3
94.6

82.0
80.4
85.7

4.4
5.1
2.6
-.1
1.3

•91.7

93.3

The increase in the output of durables resulted from roughly equal gains in automotive products and other durable goods;
most of the increase in the latter reflected a jump in the output of appliances. About half of the decline in the production
of consumer nondurables resulted from the drop in the residential use of electricity. The output of paper products,
gasoline, and food also decreased.
The production of business equipment rose 1.0 percent, bolstered by sizable gains in both information
processing equipment and transit equipment. The 1.7 percent increase in the output of information processing equipment
was led by another large gain in the output of office and computing equipment, but the output of other components of this
group, including communications equipment, copiers, and measuring instruments, also advanced strongly. Increases in
auto and light truck assemblies and in aircraft manufacturing boosted the output of transit equipment, although cuts in
heavy and medium truck assemblies partly offset those gains. The production of industrial equipment was unchanged for
a second month, and the output of other equipment edged up; production in both groups has fallen off after having peaked
in February. The output of defense and space equipment, pushed down by a strike at an aircraft manufacturer, more than
retraced its 0.7 percent increase in May.
The output of construction supplies rose 0.9 percent for a second month. The production of durable goods
materials grew 1 percent, with strength throughout the components of this group, including semiconductors, computer
parts, basic metals, and the parts used to make motor vehicles. The output of nondurable materials edged up; a drop in
paper partly offset gains in textiles, chemicals, and containers. The production of energy materials rose, despite the drop
in electricity output, because of gains in natural gas and crude oil extraction, as well as an increase in coal mining.
Industry Groups
Manufacturing output advanced 0.6 percent after a gain half that size in May. Gains were widespread among
industries in durable manufacturing; the only easing was in the output of furniture and fixtures, which had increased
2.2 percent in May. Production increased more than 1 percent for computers, electrical machinery, steel, and motor
vehicles and parts. The output of nondurables rose 0.1 percent, the same amount as in May. Although output advanced
in most of the industries within nondurable manufacturing, the declines in the output of foods and paper and products
offset most of the gains. After an increase in May, the production in mining rose 1.5 percent; the output at utilities fell a
similar amount.
The strength in durables and the weakness in nondurables continue their patterns of the past year or more;
the output of durables has risen 6.8 percent since June 1995, and the production of nondurables has declined 0.6 percent
over the same period. Utilities have also shown solid gains during the past year, rising 5.4 percent. Utility output grew
about 1-3/4 percent per year, on average, between 1977 and 1995.
The factory operating rate advanced 0.2 percentage point in June, to 82.0 percent, the same level as in the
fourth quarter of 1995. Utilization rates increased for both advanced- and primary-processing industries, with most
industries showing increases in operating rates. The rate for iron and steel rose more than 1 percentage point, while the
rates for leather and products, tobacco, motor vehicles and parts, and textile mill products rose more than 1/2 percentage
point. The largest decrease in utilization came in paper and products, where the operating rate fell 0.9 percentage point.
The utilization rate for mining increased 1.4 percentage points; although the rate for utilities fell 1.3 percentage points, it
remains more than 6 percentage points above its 1967-95 average.
This release and the history for all series published here are available on the Internet at the Board of Governors'
World Wide Web site, http://www.bog.frb.fed.us.




1996 Revision Announcement
During the fourth quarter, the Federal Reserve will publish a revision of its measures of industrial
production, capacity utilization, and industrial use of electric power. The revision of IP and capacity will both
incorporate updated source data for recent years and 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 production and capacity indexes will be rebased so that
1992 actual output equals 100.
The aggregate IP indexes will be constructed with a superlative index formulation similar to that
introduced by the Bureau of Economic Analysis in its December 1995 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 computing power, that
periodic updating of weights is too infrequent to provide reliable estimates of current changes in output and
capacity. With the publication of the revision, we will update our value-added proportions annually and use a
Fisher index-number methodology. This new superlative index formulation will be applied to all aggregates
of IP, capacity, and gross value of product.
The regular updating of source data for IP will include the introduction of annual data from the
1994 Annual Survey of Manufactures of the Bureau of the Census.
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.
The revised data will be available on the Internet at the Board of Governors' World Wide Web
site, http://www.bog.frbcfed.os. The data will also be available on diskettes from the Board of Governors of
the Federal Reserve System, Publication 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 the plans for these revisions, call 202-452-3151.




INDUSTRIAL PRODUCTION AND CAPACITY UTILIZATION
June data

Seasonally adjusted
Industriai production indexes

Twelve-month percent change

Tweive-month percent change

'A

Manufacturing

5

Total industry

^

V .
-

v

/

0

V

-5
-10

[

1

Durable
manufacturing

-

.

10
5

f \ h f V

0

Nondurable
manufacturing

i

i

1990

i

!

1992

1994

1

i

1

1996 1990

1992

1990

1996

Ratio scale, 1987 production = 100

'

i

1985

-5

-10

i

1994

0

Manufacturing

Total industry
Ratio scale, 1987 production = 100




-

-

Products

-10

-5

-10
-

Mtrl
aei s
a

-

1

10
5

A/

1995

i

i

i

1985

i

i

1

1

1

1990

1

1

1

i

i

1995

65

Table 1A
INDUSTRIAL PRODUCTION: MARKET GROUPS
Index, 1987=100
Seasonallv Adjusted

1992
Value
Index
added1

1996
Jan.

Feb.

Mar/

Aor/

Ma/

100.0

107.7

122.5

124.2

123.6

124.5

60.6
46.3

106.4
108.7

118.6
121.9

120.7
124.5

120.0
123.4

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

114.6
120.3
125.9
124.1
92.8
180.4
128.1
115.5
132.2
101.1
116.2
113.3
110.6
88.2
138.1
104.9
121.0
108.6
126.1

116.6
125.1
133.1
133.5
99.7
194.4
130.7
118.1
137.5
103.4
117.7
114.5
112.0
90.3
138.1
106.0
122.6
111.8
127.2

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

133.7
160.5
213.3
442.9
129.6
128.1
129.1
122.1
61.6
85.1
158.1

14.3
5.3
9.0

99.3
95.2
102.0

39.4

Not seasonallv adjusted

JuneP

1996
Jan.

Feb.

Mar/

Aor/

Mavr

JuneP

125.1

125.7

121.1

123.9

123.2

122.4

123.3

127.9

120.7
124.8

121.1
125.1

121.5
125.5

116.6
120.2

119.8
124.3

119.0
122.9

118.0
121.9

118.8
122.7

124.1
128.1

115.3
119.3
120.3
111.1
77.0
173.1
137.2
118.5
138.3
105.7
116.9
114.4
112.3
88.9
136.7
105.8
123.9
112.2
128.8

115.8
125.4
133.6
135.9
104.1
192.7
127.5
118.2
138.8
104.6
116.6
113.6
112.0
88.8
134.0
106.1
121.7
111.5
126.0

116.1
125.6
134.2
135.4
106.2
187.3
130.0
118.2
135.1
105.4
117.9
113.8
111.4
89.2
134.1
107.1
124.8
112.4
130.0

116.2
127.7
136.1
138.2
109.2
189.5
130.2
120.3
143.6
105.4
118.4
113.4
111.1
89.3
134.5
106.2
122.4
110.9
127.2

114.1
116.0
119.8
116.7
88.0
168.2
124.5
112.7
129.4
99.0
113.1
113.7
105.3
82.3
128.8
104.2
162.3
106.3
186.6

116.8
129.4
140.9
145.4
110.2
208.5
130.3
119.3
145.3
105.2
115.7
113.8
107.2
87.7
128.6
106.9
148.4
106.5
166.5

114.9
124.8
129.4
124.2
86.3
193.2
138.2
120.8
148.9
106.6
116.2
112.5
108.0
87.1
129.5
107.2
134.4
106.1
146.6

112.9
128.8
139.5
143.1
109.6
203.2
130.6
119.3
141.6
108.2
115.5
109.0
107.4
86.8
127.0
106.9
113.1
110.2
114.2

113.2
128.2
140.2
145.0
114.3
199.6
128.9
117.7
138.3
103.0
116.8
109.5
109.0
89.5
130.5
106.8
103.7
113.2
99.3

118.8
133.6
147.3
154.7
122.3
211.9
130.9
121.6
145.5
108.0
118.6
115.1
115.5
93.7
142.3
105.7
106.2
112.6
103.2

137.3
164.8
220.5
463.3
131.3
133.2
136.0
123.5
63.1
89.7
157.8

136.5
162.7
221.6
476.0
130.3
121.2
113.6
122.5
64.2
96.3
168.2

139.2
166.4
225.0
491.9
130.1
136.1
140.0
122.1
64.0
100.6
170.7

139.6
166.5
226.4
503.5
130.1
135.3
138.2
120.5
64.4
104.3
170.4

140.6
168.3
230.3
513.6
130.1
136.6
138.4
120.7
63.9
102.3
170.7

129.9
155.0
204.5
415.3
125.5
124.3
123.6
120.5
62.2
86.5
140.0

136.2
163.5
215.1
454.1
129.8
140.1
148.6
123.8
63.3
85.7
153.8

135.8
162.0
216.9
463.4
129.4
129.0
126.5
122.8
64.7
87.6
170.6

136.4
163.0
217.2
468.1
127.0
139.7
147.0
122.0
63.5
91.0
176.3

138.4
165.4
222.5
492.9
128.2
140.7
146.1
120.7
64.2
94.1
174.5

143.2
172.2
234.2
528.4
132.3
146.9
154.4
120.6
63.5
95.4
185.6

108.5
107.2
109.6

109.3
109.3
109.5

109.6
111.5
108.6

108.6
109.5
108.2

109.1
110.6
108.4

109.5
111.5
108.4

105.7
100.7
109.0

106.2
104.3
107.6

107.2
108.7
106.4

106.4
109.3
104.7

106.9
111.5
104.2

112.1
116.4
109.6

109.7

128.5

129.4

129.1

130.2

131.2

132.3

128.0

130.3

129.7

129.2

130.3

133.7

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

145.8
140.6
171.7
128.2
125.7
115.7
100.3
113.4
121.8
115.2
105.9
100.6
116.6

147.3
141.1
176.3
127.8
123.7
116.1
101.8
113.4
121.3
117.1
106.1
101.3
115.5

145.5
132.5
176.8
127.4
124.4
116.3
103.0
113.7
121.6
116.4
108.2
103.9
116.7

147.5
142.3
177.5
126.8
123.8
118.3
104.9
118.9
122.4
117.8
106.8
103.1
114.2

148.6
142.5
179.3
127.8
124.1
118.3
105.5
118.2
122.6
117.6
1-08.6
104.6
116.5

150.1
144.0
181.9
128.5
125.3
118.5
106.2
116.3
123.2
118.6
109.3
105.8
116.2

142.9
136.7
171.0
124.0
124.5
115.3
100.7
115.6
120.4
113.9
110.2
103.8
123.2

147.0
142.7
176.0
126.7
126.0
117.1
103.5
115.9
123.2
114.6
109.1
104.4
118.4

146.1
135.5
177.1
127.2
126.8
117.5
106.0
115.0
122.6
116.5
108.4
104.5
116.2

146.7
141.6
175.5
126.7
126.0
119.4
106.9
117.6
124.6
118.2
103.8
101.4
108.3

148.6
145.4
178.1
127.5
124.5
117.6
108.9
115.0
122.3
115.9
105.5
103.2
109.9

152.2
146.7
182.9
131.1
126.2
119.7
107.6
118.7
123.6
120.4
109.5
106.6
115.3

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

122.4
121.9
118.0

123.8
123.3
119.5

123.9
123.7
118.7

124.1
123.5
119.5

124.7
124.1
120.0

125.3
124.7
120.5

121.1
120.6
116.9

123.2
122.7
119.3

123.1
122.9
118.5

121.7
121.2
117.7

122.6
121.9
118.3

127.0
126.4
122.5

Consumer goods excluding:
Autos and trucks
Energy

27.0
25.7

106.7
105.8

114.0
113.9

115.5
115.9

115.6
114.3

114.5
115.2

114.9
115.1

114.7
115.5

113.9
108.7

115.0
113.3

114.3
112.7

110.9
112.9

111.1
114.2

116.4
120.2

Business equipment excluding:
Autos and trucks
Computer and office equipment

12.5
12.2

124.3
115.1

163.5
132.6

167.5
135.5

167.5
132.3

168.9
134.9

169.2
134.2

171.1
135.2

158.0
129.0

164.8
134.9

165.4
132.6

164.5
133.3

167.2
133.8

173.8
138.1

Materials excluding:
Energy

29.7

111.9

136.6

137.8

136.6

138.6

139.3

140.5

134.5

137.9

137.4

138.3

139.1

142.3

Item
Total index
Products, total
Final products

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

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




Table 1B
INDUSTRIAL PRODUCTION: MARKET GROUPS
Percent change

Item

1994Q4
to
1995Q4

Seasonally adjusted
annual rate
1996
1995
Q2P
Q4
Q1 r
Q3

Seasonalivadiusted
1996
Mar/
AorJ
Mavr JuneP

Not seasonally adjusted
1996
Mar/
Aor/
Mav r JuneP

June 95

to
June 96

Total index

1.6

3.2

.6

3.0

5.6

-.5

.7

.5

.5

-.6

-.6

.7

3.7

3.5

Products, total
Final products

1.0
1.3

3.9
4.1

-.4
-1.0

3.5
5.0

4.6
6.1

-.6
-.9

.6
1.1

.3
.3

.3
.3

-.7
-1.1

-.8
-.8

.7
.7

4.5
4.3

3.0
3.6

.5
-.9
-1.1
-2.3
-6.0
1.9
1.2
-.7
5.1
-3.7
-2.1
1.0
-.5
-8.7
6.0
.4
6.6
1.0
9.0

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

.0
3.6
3.1
1.6
-5.4
9.7
6.0
4.2
20.9
-2.4
-.3
-1.0
-4.2
-9.4
12.7
-.3
-4.1
-4.6
-3.9

-.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

1.9
16.2
28.5
52.1
97.5
16.7
-8.0
5.3
9.6
6.7
2.3
-1.7
-.4
-.3
-9.5
3.5
1.5
2.6
1.1

-1.1
-4.6
-9.6
-16.8
-22.7
-11.0
5.0
.4
.6
2.2
-.7
-.1
.2
-1.5
-1.0
-.2
1.0
.4
1.3

.5
5.1
11.1
22.3
35.1
11.3
-7.1
-.3
.4
-1.1
-.2
-.7
-.2
-.1
-2.0
.3
-1.8
-.6
-2.2

.2
.2
.4
-.3
2.0
-2.8
2.0
.0
-2.6
.8
1.0
.2
-.6
.5
.1
1.0
2.5
.8
3.2

.0
1.6
1.4
2.0
2.9
1.2
.1
1.8
6.3
.0
.5
-.4
-.3
.1
.3
-.9
-1.9
-1.4
-2.1

-1.7
-3.6
-8.2
-14.6
-21.7
-7.3
6.1
1.2
2.5
1.3
.4
-1.1
.7
-.7
.7
.3
-9.4
-.4
-11.9

-1.7
3.2
7.9
15.3
27.0
5.2
-5.5
-1.2
-- 9
1.5

.2
-.4
.5
1.3
4.3

4.9
4.2
5.1
6.7
7.1
6.2
1.6
3.3
5.2
4.9
1.5
5.2
5.9
4.7
9.0

1.2
4.4
5.4
6.7

2.5
4.6
13.9
36.2
3.5
-14.2
-6.1
-3.6
-9.1
-4.8
13.1

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

-2.4
.3
16.1
45.0
2.6
-39.6
-17.0
-4.3
-16.4
-21.7
21.1

13.0
14.5
21.7
48.4
4.1
18.7
-23.7
4.5
-.6
37.4
-.9

12.3
11.3
17.1
42.0
-.9
29.4
46.4
-5.0
7.2
64.9
25.0

-.6
-1.3
.5
2.7
-.8
-9.0
-16.4
-.8
1.8
7.3
6.6

2.0
2.3
1.5
3.4
-.2
12.3
23.2
—.3
-A
4.5
1.5

.3
.1
.6
2.3
.0
-.6
-1.3
-1.4
.7
3.7
-.2

.7
1.0
1.7
2.0
.0
1.0
.2
.2
-.9
-1.9
.2

-.3
-.9
.8
2.1
-.3
-7.9
-14.9
-.9
2.1
2.2
10.9

-.1
-.4
» .0

3.3
1.1
4.7

1.6
6.0
-1.1

-1.4
.6
-2.6

-.3
4.6
-3.2

.3
2.0
-.8

-.9
-1.7
-.4

.5
.9
.2

.4
.9
.1

.9
4.2
-1.1

2.4

2.1

2.0

2.2

7.0

-.2

.9

.8

.8

5.3
-.3
13.2
1.1
.5
-2.7
-7.1
-3.7
-.3
-3.8
.1
-.3
.9

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

7.1
5.8
8.8
6.0
4.6
-3.1
-3.0
-10.9
-3.4
5.0
-5.6
-1.9
-12.0

4.3
-3.6
11.0
1.7
-5.5
-5.0
-12.6
-11.5
-3.0
1.2
3.8
3.2
4.8

7.1
14.9
11.0
-.2
-.6
8.2
16.0
16.0
3.9
6.2
5.7
10.2
-2.1

-1.2
-6.1
.3
-.3
.6
.2
1.2
.3
.2
-.5
2.0
2.5
1.0

1.4
7.4
.4
-.4
-.5
1.7
1.9
4.5
.6
1.2
-1.3
-.8
-2.1

.7
.1
1.0
.7
.3
.0
.6
-.6
.2
-.2
1.6
1.5
2.0

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

1.7
1.8
.6

3.2
3.3
2.5

.8
.7
-.8

3.9
4.5
1.4

4.4
3.8
4.2

.1
.3
-.6

.1
-.2
.6

Consumer goods excluding:
Autos and trucks
Energy

.8
-.1

4.2
2.5

-.1
.5

1.6
-1.9

-1.1
2.0

.1
-1.4

5.6
-1.2

6.2
2.6

2.0
-8.1

18.4
7.0

8.8
3.9

3.1

2.4

4.3

1.8

7.4

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

-1.8
-1.4
-1.4
-2.3
-4.8

-.3

1.1
.4
1.5
3.1
2.7
-.1

-15.8

-8.3

3.8

2.7

-22.1

-13.0

.5
.6
.1
1.0
16.2

1.4
1.5
2.4
5.3
.9
.7
-.6

-.7

-1.0

-1.9

1.1
3.3

.3

-3.1
-.5
—3
-2^0

-1.8

8.3

-1.0

2.4
-.6
3.9
3.5
4.1
5.2
7.2
3.2
4.4
5.7
-.1

10.1

3.2
2.7
3.4
9.3
3.6
.4
.3
-1.8
-5.6

4.7
-.1
5.6
1.9
7.2
7.2
8.5
17.5
41.4

3.1
-2.6

-.7

-1.0

1.4
6.3

-1.5
-4.4
17.8
14.1

-1.6

.5
2.0
-.5

4.9
4.4
5.2

1.2
4.0
-.6

-.4

-.4

.8

2.6

4.3

1.0
1.1
1.5
.6
.9
.2
.7
-1.5
.5
.9
.7
1.1
-.2

-.6
-5.0
.6
.4
.7
.3
2.5
-.8
-.4
1.6
-.7
.0
-1.9

.3
4.5
-.9
-.4
-.6
1.6
.8
2.3
1.6
1.5

1.3
2.6
1.4
.6

7.4
6.1

-1.2
-1.5

2.4
.9
2.7
2.8
1.3
1.9

1.8

-1.2

-2.2
-1.8
-2.0

.5
.5
.4

.5
.5
.4

-.9
.8

.3
.0

.0
-2.3

.8
2.0

-.9

1.4

3.9
3.4
-.7
.5

-1.0

12.5

3.3
1.4
-1.6
-2.5
-3.8
-1.6

-4.3
-3.0
-6.7

1.7
1.8
1.5

3.2
1.1
3.9
3.8
3.3
4.8

_ /I
.2
-.7

-1.1
-1.4

.7
.6
.5

3.6
3.7
3.5

3.5
3.5
2.3

-.1
.3

-.6
-.5

-3.0

.1
1.2

4.8
5.2

7

.2

.2
-.5

1.1
.8

.4
-1.7

-.6
.5

1.6
.4

4.0
3.2

9.3
1.4

.5

.8

-.4

.7

.6

2.3

5.0

1.0
1.9
2.6
.6

SPECIAL AGGREGATES

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

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




-.7

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

1992
Value
Index
SIC added1

Feb.

Mar/

100.0

107.7

122.5

124.2

85.4

"

1996
Jan.

108.2

124.5

Total index
Manufacturing

SeasonallvAdiusted

Not seasonally adjusted

JuneP

1996
Jan.

Feb.

Mar/

125.1

125.7

121.1

123.9

126.5

126.9

127.6

120.7

117.3
130.9

117.9
131.1

118.3
132.0

r

Aor.

r

Mav

123.6

124.5

126.2

125.2

r

• • ' - * •

Aor.

r

Mav

JuneP

123.2

122.4

123.3

127.9

124.7

124.4

124.9

126.2

130.8

114.1
123.8

115.8
128.9

117.0
127.9

117.5
128.5

117.6
130.2

120.5
135.6

26.6
58.9

104.8
109.7

116.7
128.2

116.3
131.0

117.1
129.0

45.0
2.0
1.4
2.1

109.3
95.2
99.2
95.3

134.9
103.1
109.3
105.5

137.5
103.3
110.5
104.1

135.6
107.5
107.7
102.9

138.4
108.9
109.0
103.1

139.0
108.1
111.4
104.0

140.4
108.9
110.8
104.8

131.2
99.5
105.5
99.3

137.3
101.6
109.8
100.4

136.4
106.5
106.4
101.3

137.3
107.9
107.7
102.8

139.0
107.6
108.2
105.3

143.4
112.1
111.3
108.2

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

3.1
1.7
.1
1.4
5.0

101.9
104.7
101.2
98.1
99.0

121.5
128.1
113.9
113.0
115.6

117.1
119.5
112.5
113.6
117.0

118.0
120.2
114.9
114.8
116.1

118.8
122.3
112.9
114.0
115.6

118.5
121.2
113.2
114.6
116.3

119.5
123.1
116.8
114.6
117.0

121.0
126.4
114.1
113.9
111.3

120.5
123.7
117.1
116.0
114.6

121.0
123.8
118.6
117.1
115.5

121.2
125.7
115.4
115.2
113.5

118.9
121.6
114.4
115.0
115.3

119.6
123.6
117.5
114.1
119.2

8.0
1.8
7.2

124.0
172.6
123.5

191.9
442.9
182.4

196.1
463.3
188.7

197.8
476.0
187.9

199.1
491.9
187.6

201.1
503.5
188.5

203.7
513.6
191.3

183.7
415.3
179.8

195.1
454.1
187.6

197.9
463.4
187.7

195.9
468.1
185.1

199.9
492.9
136.8

208.9
528.4
192.1

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

372-6,9
38
39

9.5
4.8
2.5
4.7
5.4
1.3

104.8
107.4
102.1
102.3
106.3
106.9

108.3
135.5
123.5
82.2
111.0
122.1

112.1
141.1
132.8
84.2
113.4
124.0

103.1
121.3
109.9
85.7
112.9
124.0

114.6
144.3
135.5
85.9
112.8
122.6

114.6
144.1
135.3
86.2
113.0
122.9

115.6
145.8
138.2
86.5
113.7
124.1

106.2
131.2
116.2
82.2
108.6
118.5

115.9
148.9
144.8
84.2
111.2
121.1

107.6
130.0
122.8
86.2
111.6
123.1

115.8
147.2
142.7
85.6
110.6
121.6

118.2
150.8
144.9
86.8
111.2
122.4

121.3
156.7
154.7
87.3
115.4
124.2

20
21
22
23
26

40.5
9.4
1.6
1.8
2.2
3.6

106.7
106.9
95.8
104.0
95.0
110.0

113.1
114.8
87.1
104.1
89.2
114.9

113.8
116.0
90.9
106.2
90.9
113.5

113.6
115.6
92.6
109.0
89.7
115.5

113.4
115.4
94.2
108.1
90.1
118.8

113.6
115.1
91.1
108.2
90.6
119.1

113.6
114.6
92.0
109.2
90.9
118.0

109.1
109.3
86.1
99.5
85.8
116.9

110.7
109.9
93.9
105.3
39.7
116.0

111.2
110.6
94.3
109.2
88.9
116.6

111.3
110.9
89.1
111.2
87.9
119.1

112.1
113.0
86.5
111.1
90.4
115.9

116.9
117.4
101.1
114.9
93.0
119.5

27
28
29
30
31

6.8
9.9
1.4
3.5
.3

98.1
114.4
102.6
116.2
89.0

97.9
127.1
108.9
139.0
75.6

98.7
127.1
110.2
139.7
77.1

96.7
126.5
109.9
140.5
76.7

96.2
125.8
109.6
137.6
76.2

96.5
125.8
109.7
141.0
75.7

96.5
126.4
109.7
141.3
76.5

93.4
122.0
101.5
137.2
74.0

94.6
123.5
101.7
139.4
75.1

93.9
123.9
102.2
140.8
75.7

94.0
124.1
107.0
138.1
75.8

94.2
124.7
111.4
140.9
75.8

98.5
130.5
114.3
143.6
78.7

10
12
13
14

6.9
.5
1.0
4.8
.6

98.9
163.7
108.2
93.2
99.1

97.1
159.5
103.3
90.8
108.9

98.0
157.1
108.0
90.2
117.2

101.1
166.1
114.8
92.6
117.4

100.5
163.0
109.5
93.3
115.5

101.0
165.4
111.9
93.6
113.2

102.5
167.5
113.2
95.0
115.9

96.8
154.2
105.4
92.1
93.1

98.0
157.7
115.3
90.7
101.5

100.5
166.5
120.5
91.9
108.2

99.8
165.4
109.9
92.1
115.5

99.8
168.2
105.9
92.2
118.9

101.9
175.1
111.8
93.3
122.6

491,3pt
492,3pt

7.7
6.1
1.6

111.9
111.7
112.7

125.6
125.5
125.6

126.6
126.6
126.3

128.0
127.1
131.5

126.0
125.7
126.9

129.2
130.2
125.0

127.6
128.7
123.2

150.7
132.8
221.1

142.0
126.9
201.4

133.0
121.3
179.2

117.0
113.2
131.9

114.9
120.4
93.3

121.3
133.3
73.8

80.6
83.7

108.2
106.3

123.9
119.3

125.4
120.7

125.4
119.5

125.4
120.6

125.9
120.9

126.6
121.5

120.1
115.8

123.2
119.3

124.1
118.9

123.6
119.3

124.7
120.3

129.2
124.4

11.2
5.7
5.5
5.2
0.3

12.0
6.1
5.9
5.6
0.3

9.9
4.7
5.3
5.0
0.3

12.2
6.3
5.9
5.6
0.3

12.1
6.4
5.7
5.4
0.3

12.3
6.6
5.7
5.4
0.3

11.2
5.7
5.5
5.2
0.3

12.6
6.5
6.2
5.8
0.3

10.8
5.1
5.7
5.4
0.3

13.0
6.7
6.3
6.0
0.3

13.8
7.3
6.4
6.1
0.3

12.7
6.8
5.9
5.6
0.3

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

24
25
32

SPECIAL AGGREGATES
Manufacturing excluding:
Motor vehicles and parts
Computer and office equipment
Memo: Motor vehicle assemblies2
Total
Autos
Trucks
Light
Heavy and medium

1. Proportion as a share of the value added for the total index.
2. Millions of units at an annual rate.
Note—Primary processing manufacturing includes textile mill products, paper and products, industrial chemicals, synthetic materials, and fertilizers,
petroleum products, rubber and plastics products, lumber and products, primary metals, fabricated metals, and stone, clay, and glass products. u
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

1994Q4
to
1995Q4
1.6

.6

3.0

Seasonally adiusted
1996
May JuneP
Mar/
Apr/

5.6

.0

.7

.5

Not seasonallv adiusted
1996
Mar/
Apr/
Mavr JuneP

June 95
to
June 96

.5

-.6

-.6

.7

3.7

3.5

2.6

1.4

2.4

5.5

-.9

1.1

.3

.6

-.2

.4

1.0

3.6

3.5

-1.1
2.5

-2.1
4.8

.1
2.0

-1.4
4.1

4.0
6.1

.7
-1.5

.2
1.4

.5
.2

.4
.7

1.0
-.8

.4
.4

.1
1.4

2.4
4.2

1.1
4.5

3.4
-.2
-3.7
.1

5.2
6.7
.6
-1.8

3.6
4.7
-4.8
4.8

5.5
-4.3
-2.9
-1.5

9.9
16.3
4.5
-.7

-1.4
4.1
-2.5
-1.1

2.0
1.3
1.2
.2

.4
-.7
2.2
.8

1.0
.7
.8

-.7
4.8
-3.0
.9

.7
1.3
1.2
1.5

1.2
-.2
.5
2.4

3.2
4.2
2.8
2.7

6.8
5.7
-.4
1.0

-1.7
-2.4
.7
-.7
.9

-2.9
-1.9
4.5
-4.1
2.5

2.1
-.1
1.6
5.0
2.1

.1
4.3
-4.9
-5.1
6.0

.2
-1.3
2.0
2.2
.3

.8
.5
2.1
1.0
-.8

.7
1.8
-1.7
-.6
-.4

-.3
-.9
.2
.5
.6

.9
1.6
3.2
.0
.6

.5
.1
1.2
1.0
.8

.2
r.6
-2.7
-1 7
-1.7

-1.9
-3.3
-.9
-.1
1.6

.6
1.6
2.7
-.8
3.4

1.7
3.3
3.5
-.3
2.9

12.5
36.2
11.9

10.7
23.9
17.9

18.8
45.0
10.5

19.5
48.4
7.7

12.9
42.0
6.2

.9
2.7
-.4

.7
3.4
-.2

1.0
2.3
.5

1.3
2.0 ,
1.5

1.4
2.1
.0

-1.0
1.0
-1.4

2.1
5.3
.9

4.5
7.2
2.9

16.8
41.4
10.6

372-6,9
38
39

-6.2
-2.6
-2.7
-11.8
.6
.6

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

-13.7
-.5
.8
-31.5
-.2
2.4

-4.8
-20.7
-21.9
27.8
5.7
1.2

28.8
41.9
55.6
10.7
2.6
-.5

-8.0
-14.1
-17.3
1.8
-.4
.0

11.1
19.0
23.3
.3
-.1
-1.1

.0
-.1
-.1
.3
.1
.3

.9
1.2
2.1
.4
.7
1.0

-7.1
-12.7
-15.2
2.4
.4
1.6

7.6
13.3
16.2
-.6
—9
-1.2

2.0
2.4
1.6
1.4
.5
.7

2.7
3.9
6.7
.6
3.7.
1.4

1.9
4.4
6.9
-1.9
2.5
.8

20
21
22
23
26

-1.0
.4
-6.1
-5.7
-9.0
-3.0

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

-1.3
-1.4
-19.8
-5.3
-8.9
-4.7

-1.5
1.8
7.7
-10.4
-10.2
-11.1

.1
-1.7
10.3
8.0
2.7
14.7

-.2
-.3
2.0
2.7
-1.3
1.8

-.2
-.2
1.7
-.8
.4
2.9

.1
-.3
-3.3
.1
.5
.2

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

.4
.6
.4
3.6
-.9
.6

.1
.3
-5.5
1.8
-1.1
2.1

.7
1.8
-2.9
-.1
2.8
-2.7

4.3
3.9
16.9
3.4
2.9
3.1

-.6
-1.3
-4.5
-1.1
-4.8
-1.6

-1.9
2.4
.2

-3.0
5.9
-5.2
3.0
-8.5

-5.4
-2.8
.0
.7
-1.5

-2.1
-.5
-.2
.6
-.6

—.o
-.6
-.3
-2.0
-.5

.3
.0
.1
2.4

-9.2

3.5
2.0
4.5
-.6
-10.6

_ j

.0
.5
.0
.2
1.0

-.8
.4
.4
1.0
.8

.2
.2
4.7
-1.9
.1

.1
.5
4.1
2.0
.0

4.6
4.7
2.6
1.9
3.7

-2.1
1.6
1.0
2.5
-5.7

10
12
13
14

-1.8
8.0
-3.1
-3.0
2.0

-1.8
16.7
9.4
-6.5
3.2

-7.7
9.6
-13.9
-8.5
-3.1

1.9
-29.7
-4.9
6.4
9.7

11.2
11.5
10.7
12.7
1.3

3.2
5.7
6.3
2.7
.2

-.5
-1.8
-4.6
.7
-1.6

.5
1.4
2.1
.3
-2.0

1.5
1.3
1.2
1.4
2.4

2.5
5.5
4.4
1.3
6.6

-.7
-.7
-8.8
.3
6.7

.0
1.7
-3.6
.1
3.0

2.2
4.1
5.5
1.1
3.1

1.5
.4
.9
1.5
3.6

491,3pt
492,3pt

6.2
5.1
10.5

14.2
16.0
7.5

-2.1
-3.9
5.3

8.9
9.0
8.2

2.7
5.7
-8.3

1.1
.4
4.1

-1.6
-1.1
-3.5

2.6
3.6
-1.5

-1.3
-1.2
-1.5

-6.3
-4.4
-11.0

-12.1
-6.7
-26.4

-1.7
6.4
-29.2

5.6
10.8
-20.9

5.4
6.2
2.2

2.8
1.9

1.6
-.1

4.1
.6

3.5
3.9

.0
-1.0

.0
1.0

.3
.2

.6
.5

-.4
.4

.9
.8

3.6
3.5

3.4
2.0

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

24
25
32

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

27
28
29
30
31

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

3.2

1.4

Total index

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

Seasonally adjusted
annual rate
1996
1995
Q2P
Q4
Q1 r
Q3

i

-.5

-5.0
1.7
7.4
— 1
-8^8

—.£)

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

•1.7

.3

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




.7
—3

Table 3
CAPACITY UTILIZATION: MANUFACTURING, MINING, AND UTILITIES
Percent of capacity, seasonally adjusted
1995
Proportion

19671995
Ave.

1973
Hiah

19781980
Hiah

1982
Low

19881989
Hiah

19901991
Low

1995
June

1996
Jan.

Feb.

Mar/

Apr/

Mavr June?

Total industry

100.0

82.1

89.2

87.3

71.8

84.9

78.0

83.5

82.4

83.3

82.6

82.9

83.1

83.2

Manufacturing

87.3

81.4

88.9

87.3

70.0

85.2

76.6

82.7

81.4

82.3

81.3

81.8

81.8

82.0

25.2
62.1

82.6
80.7

92.2
87.5

89.7
86.3

66.8
71.4

89.0
83.5

77.9
76.1

87.0
80.8

85.4
79.7

84.9
81.1

85.3
79.6

85.3
80.4

85.6
80.2

85.7
80.4

48.8
1.8
1.4
2.1

79.3
83.3
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

82.1
86.5
82.9
79.5

81.3
84.8
80.7
79.9

82.5
84.8
81.4
78.7

80.9
88.2
79.1
77.6

82.1
89.2
79.9
77.6

82.1
88.3
81.5
78.1

82.4
88.8
80.9
78.5

80.9
80.6
80.2
81.7
73.5
88.6

100.6
105.8
102.7
92.9
92.1
95.7

102.4
110.4
95.7
90.5
80.8
97.6

46.8
38.3
35.2
62.2
42.1
58.6

92.8
95.7
92.7
88.7
85.9
100.4

74.2
72.0
71.5
75.2
73.6
97.3

91.5
89.9
92.6
93.6
82.4
80.3

93.5
95.6
91.7
90.7
90.1
84.4

89.8
88.9
90.3
91.0
83.7
85.1

90.3
89.1
91.9
91.8
82.5
85.2

90.7
90.4
90.0
91.0
84.5
85.6

90.2
89.3
89.9
91.3
81.8
84.9

90.7
90.4

333-6,9
3331
3334

2.9
1.6
.1
1.3
.1
.1

84.9

34

5.1

77.8

87.8

83.9

62.9

82.0

71.3

84.0

84.3

85.1

84.3

83.9

84.3

84.6

35
357
36

9.7
3.2
8.8

81.2
80.7
80.8

96.4
90.9
87.8

92.1
93.5
89.4

64.9
63.1
71.1

84.0
84.4
84.9

71.8
64.5
77.0

86.2
85.2
85.9

88.8
90.3
83.2

89.9
92.5
85.1

89.9
93.0
83.7

89.6
94.0
82.6

89.6
94.2
82.0

89.9
94.0
82.2

37
371

75.1
76.2

83.8
93.4

372-6,9
38
39

10.3
5.8
2.9
4.5
5.3
1.5

75.2
81.8
75.5

77.0
89.9
82.9

82.7
93.0
92.2
81.1
92.5
78.7

56.7
44.5
40.1
66.9
79.0
66.1

84.4
85.1
89.1
88.4
81.2
80.1

69.7
56.6
53.3
78.8
76.8
73.0

74.3
79.7
80.9
67.5
78.0
74.6

70.2
75.0
76.1
63.8
111
72.3

72.5
77.9
81.7
65.5
79.3
73.2

66.6
66.7
67.5
66.7
78.9
73.0

74.0
79.1
83.2
67.0
78.8
72.0

73.9
78.8
82.9
67.3
78.8
71.9

74.4
79.5
84.6
67.6
79.3
72.4

20
22
23
26
261-3
27

38.5
9.1
1.7
2.2
3.2
1.3
6.3

83.5
82.3
86.2
80.9
89.8
92.4
86.1

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

83.3
83.2
84.4
75.6
90.8
95.1
80.0

81.4
81.5
78.0
69.7
85.3
88.1
79.6

81.9
82.2
79.4
71.0
84.1
87.9
80.2

81.6
81.9
81.4
70.1
85.4
87.7
78.6

81.4
81.6
80.7
70.4
87.7
91.3
78.3

81.4
81.2
80.6
70.7
87.6
91.2
78.6

81.3
80.8
81.2
71.0
86.7

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

9.9
.7
.4
1.2
3.4
.2

79.8
86.2
85.2
86.0
84.5
82.3

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

80.3
90.2
90.4
93.4
90.1
81.2

80.8
90.8
86.3
93.3
89.2
76.9

80.7
91.3
83.9
94.3
89.4
78.6

80.1
92.6
85.2
94.0
89.7
78.3

79.5
93.4
83.0
93.7
87.7
78.0

79.4

79.6

86.2
93.7
89.6
111

93.6
89.5
78.6

10
12
13
138
14

5.7
.4
.9
3.9
.6
.5

87.4
78.7
86.9
88.2
72.6
84.6

94.4
90.3
90.8
96.6
93.0
93.7

96.6
87.6
95.7
96.9
104.3
93.3

80.6
43.4
75.4
82.5
50.8
63.3

86.5
87.9
91.4
86.1
60.7
90.0

86.1
80.0
83.4
86.8
53.7
79.4

90.2
86.1
85.0
91.7
71.4
90.7

86.8
81.8
111
89.4
71.0
86.7

87.6
80.5
81.2
88.9
75.0
93.1

90.3
85.1
86.2
91.4
80.7
93.2

89.9
83.5
82.2
92.1
84.4
91.5

90.3
84.6
83.9
92.5
87.8
89.4

91.7
85.6
84.8
93.9
86.3
91.4

491,3pt
492,3pt

6.9
5.4
1.5

86.9
89.0
82.5

95.6
99.0
93.2

88.3
88.3
93.6

76.2
78.7
70.8

92.6
94.8
85.5

83.1
86.7
68.3

89.7
91.6
82.9

92.4
94.2
86.0

93.1
94.9
86.4

94.0
95.2
89.8

92.4
94.0
86.7

94.6
97.2
85.3

93.3
95.9
83.9

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
inuusiricii rnacninery
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

91.1

78.6

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




Table 4
INDUSTRIAL CAPACITY: MANUFACTURING, MINING, AND UTILITIES

item

SIC

Percent chanqe
Annual rate
December to December
1967- 1967- 19751995 1975 1995
Ave.
Ave. 1992 1993 1994 1995 1996P
Ave.
2,5

2.1

2.1

3.2

Capacity indexes
Percent of 1987 output
1995
June

1996
Jan.

Feb.

Mar.

Apr.

Mav

June

Total industry

2.9

3.7 -

3.8

4.0 , 145.4

148.7

149.1

149.6

150.1

150.6

151.0

Manufacturing

3.3

3.9

3.0

2.5

2.5

3.6

4.3

4.5

149.2

153.0

153.5

154.0

154.6

155.1

155.7

2.2
3.8.

* 4.0
3.9

1.4
3.8

1.4
2.9

1.5
2.9

2.2
4,2

2.6
4.9

2.4
5.3

134.6
156.2

136.7
160.8

136.9
161.5

137.2
162.1

137.5
162.8

137.7
163.5

138.0
164.2

3.6
1.7
3.0
1.3

3.7
2.9
4.5
2.5

3.6
1.3
2.3
.8

•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

160.0
119.1
134.2
130.5

165.9
121.5
135.5
132.0

166.7
121.7
135.8
132.3

167.6
122.0
136.1
132.6

168.5
122.2
136.4
132.9

169.4
122.4
136.6
133.2

170.3
122.6
136.9
133.5

333-6,9
3331
3334

.0
-.7
-1.1
1.3
.3
1.3

1.7
.7
.3
3.6
1.8
5.2

-.7
-1.4
-1.7
.4
-.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

128.3
132.5
121.8
122.7
158.0
125.0

130.0
134.0
124.2
124.5
160.3
125.0

130.3
134.4
124.6
124.8
160.2
125.0

130.7
134.9
125.0
125.0
160.0
125.0

131.0
135.3
125.4
125.3
159.9
125.0

131.4
135.7
125.9
125.5
159.8
125.0

131.7
136.2
126.3
125.8
159.6
125.0

34

1.6

3.1

1.0

.4

1.1

1.9

2.2

2.0

135.4

137.1

137.4

137.6

137.8

138.1

138.3

35
357
36

6.7
20.7
5.9

4.7
12.0
6.1

7.6
24.8
5.9

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

202.3
426.3
201.4

216.0
490.4
219.2

218.1
501.1
221.8

220.2
512.1
224.4

222.3
523.3
227.1

224.4
534.7
229.9

226.6
546.4
232.6

37
371

2.6
3.4

3.0
4.5

2.5
2.9

372-6,9
38
39

1.7
4.8
2.5

1.3
7.6
4.4

1.9
3.6
1.6

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

152.6
175.2
159.7
130.7
142.1
165.0

154.4
180.7
162.3
128.8
142.9
168.8

154.6
181.3
162.5
128.6
143.0
169.3

154.7
181.8
162.7
128.4
143.1
169.9

154.9
182.4
162.9
128.3
143.2
170.4

155.1
182.9
163.1
128.1
143.3
170.9

155.3
183.5
163.3
127.9
143.4
171.5

20
22
23
26
261-3
27

2.9
2.5
2.3
1.5
2.8
2.4
2.9

4.3
3.0
4.3
2.3
3.9
3.0
3.0

2.2
2.3
1.4
1.1
2.3
2.1
2.8

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
-.6

137.3
139.5
130.8
126.4
132.1
126.8
123.3

138.8
140.9
133.5
128.0
134.6
129.3
123.1

139.0
141.1
133.7
128.0
134.9
129.5
123.0

139.2
141.3
133.9
128.1
135.2
129.7
123.0

139.4
141.4
134.1
128.1
135.5
129.9
122.9

139.6
141.6
134.2
128.1
135.8
130.2
122.8

139.7
141.8
134.4
128.1
136.2
130.4
122.8

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

3.8
* 6.5
4.2
1.5
5.5
-3.3

6.8
12.7
9.7
4.2
8.6
-1.5

2.5
3.8
1.8
.3
4.1
-4.1

4.1
1.1
5.0
-1.3
4.2
-2.6

2.5
.4
1.5
4.1
-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

155.0
134.3
135.7
116.3
152.9
99.9

157.2
138.2
138.4
116.7
155.8
98.3

157.5
138.6
138.6
116.8
156.2
98.1

157.9
139.0
138.9
116.9
156.6
97.9

158.2
139.4
139.2
117.0
157.0
97.7

158.5
139.9
139.4
117.1
157.4
97.5

158.9
140.3
139.7
117.1
157.8
97.3

.0
1.4
2.4
-.6
.3
1.0

_^
.7
2.5
-1.0
.8
2.6

.1
1.6
2.4
-.4
.1
.3

-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

_ -j

10
12
13
138
14

.9
1.1
-.9
-2.5
2.4

111.9
193.7
132.1
102.1
121.6
123.4

111.9
194.9
132.9
101.6
119.9
125.6

111.9
195.0
133.0
101.5
119,6
125.8

111.9
195.2
133.2
101.4
119.4
126.0

111.8
195.3
133.3
101.3
119.1
126.3

111.8
195.5
133.4
101.2
118.9
126.5

111.8
195.6
133.5
101.2
118.6
126.8

491,3pt
492,3pt

2.8
3.9
.3

6.0
7.8
2.3

1.4
2.2
-.6

1.2
1.5
.0

.5
.6
.2

.5
.4
.5

1.1
1.2
.7

1.5
1.6
1.1

134.9
132.3
145.5

135.8
133.2
146.1

136.0
133.4
146.2

136.2
133.6
146.3

136.3
133.8
146.5

136.5
133.9
146.6

136.7
134.1
146.7

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

24
25
32

33
331,2

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

.CD

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




10

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

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.

Oct.

Nov.

Dec.

Industrial
Production,
Percent
Change1
1984
1985
1986
1987
1988

2.0
.4
.5
-.3
.3

-.1
.7
-.7
1.4
.2

1.0
.3
-.9
.4
.0

.6
.4
.2
.5
.8

.7
.2
.0
.6
-.3

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

.4
-.3
.5
.4
.6

.1
.5
.2
.3
.6

_1
.5
.1
-.2
-.5

-.7
-.8
.7
1.3
.3

.0
.4
.7
.1
.6

1989
1990
1991
1992
1993

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

-.5
.5
-1.0
.6
.4

.9
.3
-.8
.9
.0

.0

-.3
.2
1.1
-.3
.2

-1.0
-.2
.2
.8
.6

.5
.3
.3
-.2
.0

-.4
.0
.8
.2
.7

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

.4
-1.3

.3
.7
.2

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

-j

.D

.6
.7

.2
.9

1994
1995
1996

.4
.3
-.2

.8
_ -j

.3
-.4
.7

.5
.0
.5

.5
.1
.5

.2
1

.5
1.0

.7
-.5

.5
.3

1.3

.8
.1
-.5

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
1)4.8
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

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

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
125.1

118.1
121.4
125.7

118.4
121.5

118.9
122.7

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

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

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

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

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

1994
1995
1996

82.6
85.1
82.4

83.0
84.7
83.3

83.5
84.6
82.6

Year

Utilization
1984
1985
1986
1987
1988

Qi

Q2

Q3

Q4

Annual

-.6
1.0
.6
.7
.6

11.2
2.4
2.4
5.5
3.8

7.7
3.8
-3.4
8.1
3.0

4.0
.1
1.3
5.2
2.9

-3.4
1.2
5.8
6.5
3.0

9.3
1.7
.9
4.9
4.4

.7
-.4

3.9
2.1
-8.4
.8
3.7

.3
1.1
1.1
7.0
.5

-4.4
1.6
6.7
3.1
3.2

-.2
-5.2
2.0
4.9
5.5

1.5
.0
-1.8
3.4
3.5

.8
.2

8.4
3.9
3.0

7.0
-1.4
5.6

4.6
3.2

6.4
.6

5.9
3.2

93.3
94.6
96.3
102.2
105.6

92.8
95.6
96.8
102.8
106.3

91.3
93.6
95.4
97.5
103.3

93.0
94.5
94.6
99.5
104.1

93.9
94.6
94.9
100.8
104.8

93.1
94.8
96.2
102.3
105.6

92.8
94.4
95.3
100.0
104.4

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

119.1
122.8

119.9
122.2

120.5
122.6

121.5
122.8

115.5
121.8
123.4

117.5
121.4
125.1

118.8
122.3

120.6
122.5

118.1
121.9

114.8
117.9
120.6
123.0
125.0

115.0
118.2
120.8
123.2
125.1

115.3
118.4
121.0
123.4
125.3

115.5
118.7
121.2
123.6
125.4

115.7
119.0
121.4
123.8
125.5

113.5
116.2
119.4
121.8
124.1

114.2
117.1
120.0
122.4
124.5

114.8
117.9
120.6
123.0
125.0

115.5
118.7
121.2
123.6
125.4

114.5
117.5
120.3
122.7
124.7

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

140.5
145.4
151.0

140.9
145.9

141.3
146.3

141.7
146.8

142.0
147.2

142.4
147.7

142.8
148.2

139.1
143.6
149.1

140.2
145.0
150.6

141.3
146.3

142.4
147.7

140.8
145.7

81.5
80.9
78.9
81.2
83.5

81.8
80.5
78.4
81.8
83.4

81.9
80.0
78.7
81.9
83.8

81.8
80.2
78.7
82.0
84.2

81.6
80.4
78.7
81.8
83.7

80.9
79.6
79.1
82.7
83.8

80.8
79.7
79.4
82.7
84.2

80.2
80.4
79.8
83.1
84.6

80.4
80.6
79.9
80.1
83.3

81.4
80.7
78.8
81.3
83.6

81.8
80.2
78.7
81.9
83.9

80.6
79.9
79.4
82.8
84.2

81.1
80.3
79.2
81.5
83.7

84.8
82.1
78.1
80.3
81.4

84.3
82.6
78.6
80.5
80.9

83.9
82.6
79.3
80.2
80.9

83.0
82.4
79.4
80.7
81.2

83.3
82.5
79.4
80.4
81.1

82.8
82.4
80.0
80.4
81.5

82.3
81.8
79.9
80.8
81.4

82.5
80.7
79.7
81.2
81.8

82.9
80.2
79.2
81.2
82.4

84.7
82.6
78.8
79.4
81.4

84.3
82.5
78.7
80.3
81.0

83.0
82.4
79.6
80.5
81.2

82.6
80.9
79.6
81.0
81.9

83.7
82.1
79.2
80.3
81.4

83.6
84.0
82.9

83.8
83.7
83.1

84.0
83.5
83.2

84.0
83.3

84.2
83.9

84.0
83.7

84.4
83.0

84.6
83.0

85.1
82.9

83.0
84.8
82.8

83.8
83.7
83.1

84.1
83.6

84.7
82.9

83.9
83.8

_ j

•4

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




11

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

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.

Oct.

Nov.

Dec.

Q1

Q2

Q3

Q4

Annual

Industrial
Production,
Percent
Change1
1984
1985
1986
1987
1988

2.3
.1
1.3
-.6
.2

.6
.6
_4
1.7
.1

.9
.7
-1.0
.5
.2

.4
.3
.9
.4
.7

.5
.6
.0
.7
-.1

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

.4
-.2
.6
.4
.5

.2
.8
.5
.0
.4

-.1
.2
.3
.2
.0

.0
-.7
.7
1.0
.1

.0
1.3
.5
.4
.9

-.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

1989
1990
1991
1992
1993

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

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

.6
.4
-.9
.9
.0

.2
-.9
.3
.6
.4

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

-.2
.0
1.3
.0
.0

-1.2
-.3
.3
.8
.6

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

-.4
-1
1.0
.1
.9

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

.3
-1.2
-.2
.6
.8

.2
-.5
-.4
.0
1.1

4.3
3.7
-9.8
2.3
4.6

-.3
.2
1.0
7.6
1.2

-5.3
1.0
8.1
3.8
3.0

-1.3
-5.5
2.5
4.3
6.0

1.6
-.3
-2.1
4.2
3.9

1994
1995
1996

.2
.3
-.2

.9
-.2
1.4

1.0
.1
-.9

.6
-.4
1.1

.6
-.3
.3

.3
.1
.6

.4
.0

.6
.7

.2
.6

.9
-.4

.6
.1

.9
.3

8.9
3.9
2.4

8.5
-2.2
5.5

5.1
2.6

7.9
1.4

6.6
3.4

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

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

1989
1990
1991
1992
1993

107.7
105.5
103.4
105.1
111.2

106.7
106.5
102.5
105.9
111.5

107.3
107.0
101.5
106.9
111.5

107.6
106.0
101.8
107.6
112.0

107.1
106.6
102.5
108.2
111.6

106.8
106.6
103.8
108.1
111.6

105.5
106.3
104.2
109.0
112.3

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

1994
1995
1996

115.5
124.1
124.5

116.6
123.9
126.2

117.8
124.0
125.2

118.5
123.5
126.5

119.1
123.2
126.9

119.5
123.3
127.6

120.0
123.3

120.7
124.2

120.9
124.9

122.0
124.4

122.7
124.5

123.8
124.8

116.6
124.0
125.3

119.0
123.3
127.0

120.5
124.1

122.8
124.6

119.7
123.9

Capacity
1984
1985
1986
1987
1988

109.4
113.1
117.6
121.2
124.1

109.7
113.4
117.9
121.5
124.3

110.0
113.8
118.2
121.7
124.5

110.3
114.2
118.5
121.9
124.7

110.6
114.6
118.8
122.2
124.9

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

1989
1990
1991
1992
1993

126.5
129.4
132.0
134.6
138.0

126.7
129.6
132.2
134.9
138.2

127.0
129.8
132.5
135.2
138.5

127.2
130.1
132.7
135.5
138.8

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

1994
1995
1996

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

144.4
150.2

144.9
150.8

145.3
151.3

145.7
151.9

146.2
152.4

141.9
147.2
153.5

143.1
148.7
155.1

144.4
150.2

145.7
151.9

143.8
149.5

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
836

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
81.8

83.2
82.8
81.8

83.2
82.7
82.0

83.3
82.4

83.6
82.7

83.5
82.8

83.9
82.2

84.2
82.0

84.7
81.9

82.2
84.3
81.6

83.2
83.0
81.9

83.4
82.6

84.3
82.0

83.3
83.0

Year

Utilization
1984
1985
1986
1987
1988

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




12

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

1995
Dec.

Index, 1987= 10C
Not seasonallyjidiusted
Seasonally adjusted
1995 1996
1996
r
r
r
ADr.
Mav
Dec.
Feb. Mar.
Jan,
Feb. Mar/ *ADf.r
Jan;

.46
.06
.40
.13

163.7
116.3
173.2
141.9

172.8
123.0
182.9
152.6

159.5
110.3
169.1
141.9

157.1
117.8
164.8
136.9

166.1
123.2
174.7
159.6

163.0
124.1
170.8
152.8

165.4
125.3
173.3
151.7

169.9
124.1
179.0
150.4

154.2
103.2
164.5
142.0

157.7
110.2
167.3
139.1

166.5
118.7
176.0
155.7

165.4
117.4
174.9
154.8

168.2
132.9
175.0
150.0

12

1.03

108.2

108.5

103.3

108.0

114.8

109.5

111.9

104.9

105.4

115.3

120.5

109.9

105.9

13
131

93.2
93.8
85.9
107.5
109.4
79.9

90.1
89.5
76.4
112.4
108.4
83.8

90.8
89.9
76.6
112.9
112.9
85.1

90.2
88.7
76.8
109.4
108.6
89.7

92.6
90.2
76.8
113.4
117.4
96.3

93.3
90.2
76.0
114.9
119.4
100.6

93.6
90.2
75.0
117.7
104.3

92.8
91.3
77.3
115.6
107.7
92.9

92.1
91.3
77.0
116.1
110.7
86.5

90.7
89.9
77.6
111.3
107.5
85.7

91.9
90.5
77.2
113.8
117.0
87.6

92.1
90.2
75.7
115.3
119.2
91.0

92.2
89.9
74.9

132
138

4.79
3.99
2.31
1.67
.25
.55

118.2
94.1

14

.58

99.1

112.4

108.9

117.2

117.4

115.5

113.2

107.1

93.1

101.5

108.2

115.5

118.9

20
201

202
2021
2022
2023
2024
2026

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

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

114.8
130.6
110.7
123.1
163.8
81.7
111.7
93.8
139.0
116.3
117.7
95.1

114.8
129.7
110.5
124.5
160.1
82.0
112.2
84.8
138.7
117.9
121.0
94.8

116.0
134.2
112.8
127.0
169.1
87.4
112.6
90.0
143.3
116.2
121.7
94.0

115.6
131.2
111.7
118.8
167.4
88.0
112.1
91.3
141.7
114.4
122.1
94.4

115.4
133.3
116.3
124.4
163.3
83.4
111.9
83.9
141.7
114.5
122.8
93.9

115.1
130.6
113.9
119.6
161.6
83.6
110.1
79.6
140.5
107.3
127.0
92.9

111.5
125.8
104.0
128.6
153.8
84.0
107.4
101.0
139.3
118.6
86.1
91.7

109.3
128.1
108.9
124.3
157.1
82.9
107.7
107.0
134.4
118.6
92.6
93.4

109.9
130.7
109.2
123.6
165.5
92.6
113.0
109.4
143.5
119.8
112.5
94.8

110.6
128.5
106.2
121.3
164.4
97.7
116.2
102.6
145.0
122.4
127.4
96.6

110.9
129.9
110.0
124.0
161.7
86.7
120:1
95.7
144.1
135.0
136.0
97.9

113.0
128.3
113.0
113.4
160.5
79.8
119.9
84.8
145.1
129.9
143.7
97.7

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

114.3
114.3
94.4
118.7
112.9
117.6
120.2
120.4
120.7
91.9

115.3
113.8
96.8
112.3
112.4
117.8
119.7
120.9
121.5
89.0

112.1
115.7
95.5
118.5
111.2
119.9
118.5
125.0
122.2
97.0

114.8
114.6
95.2
122.2
110.1
118.2
117.4
122.8
121.6
96.2

110.9
117.7
92.8
119.0
113.9
117.3

109.2
118.3
92.4
121.8
112.8
118.1

99.5
112.4
86.8
113.9
113.6
112.1
119.1
110.6
115.9
109.1

102.7
113.4
88.4
113.4
113.8
113.7
118.3
112.3
111.3
80.6

102.5
114.9
90.1
104.3
109.0
121.2

123.2
126.8

102.7
110.8
90.0
116.0
113.6
107.8
112.2
109.9
118.2
103.0

99.8
114.1
88.3
103.4
113.5
115.6

121.0
124.2
101.3

106.3
116.0
89.4
137.1
116,1
105.3
97.7
111.6
121.0
114.7

115.0
115.4
88.7

120.4
120.6

21

1.63

95.8

88.4

87.1

90.9

92.6

94.2

91.1

72.4

86.1

93.9

94.3

89.1

86.5

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

•1.79

.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

108.3
103.8
105.6
103.8
120.9
125.2
88.4
109.7
108.3
99.3

104.1
99.3
100.1
100.6
123.5
129.0
87.7
85.8
106.3
96.6

106.2
99.3
99.6
102.7
125.2
131.4
85.8
92.4
110.5
101.9

109.0
100.4
100.5
104.9
122.8
129.4
87.0
113.3
111.7
103.3

108.1
104.4
106.0
101.4
122.3
128.7
93.2
96.8
110.1
103.2

108.2
105.0
106.5
104.6
123.9
131.0
93.4
90.7
111.1
104.0

97.3
96.8
97.4
105.7
109.5
115.6
79.5
84.8
99.1
81.9

99.5
100.7
101.5
100.0
103.1
106.0
90.3
85.2
104.7
95.5

105.3
100.7
100.4
101.7
116.2
120.8
89.2
93.0
111.9
106.2

109.2
104.2
104.2
103.1
116.4
121.4
88.6
110.2
11.4.7
108.7

111.2
107.0
107.8
100.7
122.3
122.9
94.7
110.4
111.5
106.9

111.1
108.8
110.2
104.8
127.0
132.6
96.9
90.7
113.5
109.6

Apparel products

23

2.19

95.0

91.5

89.2

90.9

89.7

90.1

90.6

91.1

85.8

89.7

88.9

87.9

90.4

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

106.9
97.8
85,1
113.4
97.4
88.7
164.4

103.1 103.3
94.3
92.7
84.8
84.9
1-10.4 110.0
95.8
95.0
85.2
85.9
158.1 157.8

107.5
99.9
83.8
113.1
96.7
86.2
168.2

108.9
100.1
87.1
115.3
99.9
88.8
170.7

108.1
97.1
84.3
116.1
100.8
91.1
170.4

99.9
90.2
82.9
106.9
95.1
80.7
135.8

99.5
89.9
79.2
106.4
92.0
83.3
140.0

101.6
93.9
79.2
107.2
91.2
85.6
153.8

106.5
98.1
78.4
112.6
95.0
88.0
170.6

107.9
96.1
757
116.4
98.4
88.6
176.3

107.6
94.6
80.5
117.1
101.8
92.2
174.5

Item
Metal mining
iron ore
Nonferrous ores
Copper

10
10.1
"102-4,8,9
102

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

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

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




Mavr

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

Item
Furniture and fixtures
Household furniture

SIC

1992
Value
added1
Index

1995
Dec.

Seasonally adiusted
1996
ADr.r
Feb. Mar/
Jan.

Mavr

1995
Dec.

Not seasonallv adjusted
1996
Jan.
Feb. Mar.r
Aor.r

Mavr

25
251

1.37
.63

99.2
97.1

109.3
106.8

109.3
106.2

110.5
107.0

107.7
103.4

109.0
107.1

111.4
110.3

107.8
105.7

105.5
103.5

109.8
109.3

106.4
105.4

107.7
107.5

108.2
107.1

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

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

110.0
110.4
109.9
109.8
111.8
109.6
112.3
108.1

118.2
114.4
107.8
115.6
114.4
121.2
129.9
116.5

114.9
113.9
108.1
112.3
118.6
115.6
121.1
112.6

113.5
113.9
106.1
110.6
122.4
113.3
123.4
107.8

115.5
113.8
108.0
111.3
120.4
116.8
127.6
110.9

118.8
118.7
108.2
117.0
125.2
118.8
125.fr
115.1

119.1
118.8
111.8
115.6
126.9
119.2
126.5
115.2

112.6
111.3
107.3
111.5
112.3
113.5
114.9
112.7

116.9
115.9
111.0
114.4
120.4
117.5
122.4
114.8

116.0
116.5
108.3
113.6
124.5
115.6
123.1
111.5

116.6
115.2
106.2
112.8
122.6
117.7
126.8
112.7

119.1
117.8
109.6
116.1
123.7
120.0
130.5
114.3

115.9
115.9
108.1
111.9
125.8
115.8
122.5
112.1

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

98.8
68.3
103.8
115.2

97.9
67.2
102.5
114.8

98.7
65.3
105.3
116.0

96.7
62.1
105.1
114.0

96.2
61.7
105.4
112.6

96.5
60.4
106.2
113.9

96.7
69.4
105.3
108.4

93.4
65.3
101.8
105.9

94.6
66.1
106.0
105.4

93.9
62.7
106.6
105.6

94.0
62.9
106.5
106.0

94.2
59.8
106.2
108.7

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

126.5

127.1

127.1

126.5

125.8

125.8

120.2

122.0

123.5

123.9

124.1

124.7

281,2,6
281
2812
2816
2819

3.82
1.00
.08
.12
.67
.40

113.5
117.6
105.4
114.2
122.4
119.4

11-9.2
108.8
117.5
102.0
104.5
124.4

119.7
109.6
112.9
116.5
103.4
120.9

118.9
108.4
114.9
107.7
103.1
118.6

119.2
106.6
111.7
99.6
102.4
118.2

119.7
109.6
117.0
110.8
104.0
119.7

120.0
110.1
126.4
103.3
104.8
120.4

116.1
105.7
118.6
100.3
100.6
116.4

118.4
107.6
113.5
112.4
101.4
116.5

120.5
111.8
115.5
110.1
107.1
127.4

120.2
106.7
110.0
105.0
101.6
114.9

121.7
110.2
116.8
112.3
104.6
119.6

119.7
108.4
123.5
100.7
103.0
115.4

282
2821
2823,4
286

1.25
.75
.39
1.57

110.4
112.0
105.9
113.8

124.4
123.4
121.9
121.8

125.6
125.5
119.4
121.5

124.3
126.6
116.3
121.3

127.0
128.8
118.3
121.0

126.8
130.3
115.5
120.7

127.6

122.5
122.2
116.5
122.2

126.9
128.7
119.6
121.1

129.8
132.8
117.5
121.1

130.8
134.6
118.6
121.7

128.4

120.2
120.4

117.2
116.2
114.8
122.1

283-5,9
283
284
285
287

5.51
2.91
1.57
.43
.52

114.8
127.4
109.4
95.0
118.8

130.9
146.5
123.2
109.4
134.1

131.6 132.5
147.1 148.9
126.2 123.3
101.2 105.5
134.2 136.0

130.9
148.4
120.5
108.2
136.8

129.5
146.2
117.2
108.0
133.9

129.2
146.3
117.2
107.9
134.5

121.7
137.5
116.1
81.6
134.4

123.3
135.8
120.2
87.0
135.4

124.5
136.8
118.1
102.6
135.9

125.4
138.3
118.2
109.7
136.4

124.6
137.9
112.2
117.8
137.7

127.3
142.7
113.4
119.1
135.5

Petroleum products
29
Petroleum refining and misc.
291.9
Miscellaneous petroleum products
Distillate fuel oil
Residual fuel oil
Aviation fuel and kerosene
Automotive gasoline
Paving and roofing materials
295

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

102.6
104.3
105.1
109.0
100.8
101.0
103.2
93.5

108.9
107.7
107.5
117.9
90.3
107.5
105.4
117.7

108.9
108.1
106.2
118.1
87.1
114.2
105.5
114.6

110.2
109.2
102.5
123.7
86.5
110.0
107.9
117.3

109.9
109.7
104.5
118.7
77.7
112.7
110.0
113.2

109.6
109.4
106.2
121.6
74.5
1.12.2
108.0
112.8

109.7
109.3
105.7
120.6
74.5
105.7
109.7
114.1

109.6
109.2
92.7
122.4
96.6
113.9
110.6
113.3

101.5
103.1
85.8
114.0
87.5
117.9
103.7
93.3

101.7
103.0
88.8
115.3
87.7
109.6
103.6
95.5

102.2
103.5
97.3
114.0
79.2
105.9
103.3
95.2

107.0
107.8
105.9
121.2
75.8
105.1
106.4
103.9

111.4
1.10.8
110.4
120.6
77.3
104.9
110.8
117.0

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

3.51
.39
.59
2.54

116.2
120.5
105.9
118.0

139.3
138.7
120.5
143.7

139.0
141.7
122.3
142.7

139.7
137.1
123.6
143.8

140.5
145.1
124.1
143.9

137.6
133.4
120.5
142.5

141.0
136.3
122.8
146.2

137.7
117.5
116.8
145.9

137.2
145.0
115.1
141.5

139.4
149.9
123.0
141.9

140.8
154.8
123.7
142.8

138.1
138.0
118.9
142.8

140.9
138.9
123.3
145.5

31
314

.27
.12

89.0
83.2

76.8
67.8

75.6
65.7

77.1
66.7

76.7
66.4

76.2
64.8

75.7
65.0

77.2
68.0

74.0
65.2

75.1
63.8

75.7
64.4

75.8
64.2

75.8
64.8

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

2.07
.35
.18
.13
.10
1.18

95.3
100.7
93.5
88.3
87.9
92.7

104.3
94.0
75.4
97.7
85.6
103.7

105.5
99.7
83.1
98.5
83.7
103.5

104.1
97.8
79.0
101.5
84.8
101.6

102.9
91.2
72.4
99.5
83.9
102.7

103.1
93.0
74.8
106.5
85.0
102.0

104.0
96.3
79.1

100.2
82.6
57.5
74.7
78.3
104.0

99.3
92.6
75.4
59.3
76.3
101.8

100.4
97.8
81.6
70.4
83.5
99.1

101.3
93.4
76.8
84.6
85.6
100.9

102.8
94.0
77.1
105.2
87.2
101.5

105.3
98.3
82.5

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

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

Leather and products
Shoes

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




86.0
101.7

120.8
119.9

89.8
102.1

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

r

Mav

1995
Dec.

Not seasonallv adjusted
1996
Aor.r
Feb. Mar.r
Jan.

Mavr

118.8
122.3
127.9
108.6
111.2
112.9

118.5
121.2
126.2
108.4
110.7
113.2

116.7
118.5
120.7
110.7
116.0
112.0

121.0
126.4
132.6
112.1
117.2
114.1

120.5
123.7
127.1
112.6
116.6
117.1

121.0
123.8
127.7
113.6
117.3
118.6

121.2
125.7
131.5
109.8
111.5
115.4

118.9
121.6
126.5
109.0
111.0
114.4

128.3
111.4
112.9
142.9
97.3
137.1
107.4

133.9
128.6
120.6
145.8
96.3
139.9
104.8

131.7
125.9
117.8
139.1
89.7
139.2
105.7

123.8
101.0
108.5
140.5
125.7
131.0
110.9

139.0
130.7
127.1
155.0
84.7
146.2
107.2

131.7
125.2
117.4
137.9
90.2
139.6
112.7

132.2
122.3
119.4
137.1
99.8
140.2
111.2

138.3
136.9
123.7
146.2
95.4
144.5
107.9

132.0
134.2
115.6
142.5
96.4
136.3
106.4

1992
Value
Index
SIC added1

1995
Dec.

Seasonallvadiusted
1996
Aor.r
Feb. Mar.r
Jan.

3.11
1.74
1.33
.30
.18
.09

101.9
104.7
106.9
102.4
106.9
101.2

120.0
122.7
125.4
111.6
114.3
118.0

121.5
128.1
132.9
111.9
116.8
113.9

117.1
119.5
122.0
110.5
115.0
112.5

118.0
120.2
124.3
111.7
115.8
114.9

108.4
98.0
93.5
108.8
93.4
116.3
97.5

129.6
114.4
114.4
147.6
103.0
136.9
113.6

139.5
133.3
123.0
164.6
98.3
144.2
113.0

125.6
113.1
108.3
137.9
93.5
134.1
111.4

33
331,2
331

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

116.2
118.3
130.2
105.0

113.0
125.0
144.4
105.6

113.6
119.2
134.1
106.4

114.8
117.2
132.1
106.5

114.0
118.7
135.1
107.0

114.6
117.6
130.7
106.1

114.0
117.8
128.5
105.2

113.9
125.1
141.8
105.9

116.0
122.8
137.6
106.6

117.1
120.6
137.2
106.7

115.2
119.6
135.6
106.7

115.0
119.0
132.1
106.7

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

109.4
105.3
97.6
122.6

104.7
99.1
79.7
122.7

106.3
100.6
79.8
124.5

107.2
102.6
89.1
121.7

105.9
100.5
83.0
123.2

107.5
102.1
83.7
124.9

106.9
101.2
86.0
125.5

106.4
101.2
85.1
123.1

108.2
102.8
84.0
125.4

109.3
105.0
92.5
123.1

106.7
102.0
87.0
122.0

107.5
102.4
84.2
123.9

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

115.0
104.6
108.5
105.0
113.2
118.7
128.0

115.6
110.0
108.9
105.9
112.2
120.6
132.3

117.0
109.4
111.4
108.6
114.1
120.8
131.3

116.1
103.6
107.3
104.0
115.3
119.7
129.1

115.6
106.2
107.9
104.6
115.4
118.9
127.9

116.3
105.1
109.7
106.6
114.7
119.7
129.0

114.6
92.2
106.4
102.1
115.6
117.9
123.9

111.3
94.3
102.3
98.7
110.0
116.4
123.9

114.6
90.1
109.4
106.7
109.7
121.3
131.9

115.5
99.3
107.0
103.6
111.3
121.6
132.6

113.5
102.7
105.6
102.7
111.3
118.7
128.7

115.3
116.6
108.0
104.9
113.6
119.5
128.9

Industrial machinery
and equipment
35
Engines and turbines
351
Farm
352
Construction and allied
353
Metalworking
354
Special industry machinery
355
General industrial machinery
356
Bearings and gears
3562,6,8
Equipment
3561,3-5.7.9
357
Computer and office equip.
358
Service industry machines
Refrig. and heating equip.
3585
Miscellaneous machinery
359

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

124.0 190.1
101.3 111.8
111.8 137.8
99.8 129.4
106.2 137.0
103.6 140.9
107.8 120.1
95.9 108.0
113.4 125.9
172.6 431.7
101.9 147.4
94.0 142.0
112.3 137.8

191.9 196.1
111.7 105.9
139.3 140.1
127.5 128.8
136.5 137.9
140.0 142.0
121.8 125.3
107.1 108.0
128.9 133.6
442.9 463.3
138.8 143.9
131.5 136.9
145.9 143.8

197.8 199.1 201.1
106.2 105.7 108.0
140.2 141.2 136.8
128.7 128.4 130.5
138.2 137.9 138.2
142.1 142.7 143.5
122.8 121.2 121.0
107.4 106.4 109.1
130.2 128.3 126.7
476.0 491.9 503.5
145.4 139.3 138.5
139.3 130.2 130.4
143.1 142.6 141.8

186.2
116.3
140.5
131.4
131.8
146.3
117.4
112.0
120.0
425.7
128.4
114.8
132.5

183.7
112.4
142.8
128.3
127.4
141.2
116.5
108.1
120.5
415.3
132.5
123.3
135.6

195.1 197.9
105.9 106.6
147.6 149.6
128.5 129.1
135.2 135.8
142.5 143.0
123.5 121.4
108.9 108.0
130.5 127.9
454.1 463.4
151.9 161.4
148.0 161.0
140.4 140.6

195.9
104.2
146.8
127.1
133.7
140.4
118.9
105.5
125.3
468.1
154.9
152.1
138.3

199.9
105.2
142.3
129.3
135.3
141.7
119.7
107.9
125.4
492.9
150.4
146.6
139.0

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

182.8
119.2
102.5
141.8
114.0
130.2
165.0
147.3
113.3
166.1

182.4
121.5
102.7
129.3
111
134.8
140.6
141.0
112.9
142.8

188.7
123.1
104.6
132.5
92.2
129.2
142.2
144.8
116.3
148.4

187.9
121.2
100.2
136.2
115.1
130.1
133.2
148.3
115.3
160.7

187.6
122.2
101.6
133.0
98.5
125.7
144.0
144.3
112.1
155.0

188.5
120.9
101.0
133.7
102.4
123.2
136.1
149.1
116.2
165.7

183.9
115.0
97.4
123.4
93.7
91.9
134.9
143.5
118.4
156.7

179.8
116.8
97.3
126.2
79.1
123.5
138.4
139.6
106.5
142.6

187.6
120.1
102.1
140.8
99.4
138.4
159.3
149.3
108.3
162.1

187.7
119.7
99.0
143.1
116.8
141.0
146.8
152.4
109.6
170.7

185.1
120.1
97.3
134.2
102.9
134.3
147.7
140.0
106.1
157.4

186.8
119.8
98.1
135.4
105.5
138.4
142.0
142.5
113.4
161.9

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
120.0
153.8
106.0
93.3

136.1
155.5
291.8
142.2
131.6

134.6
155.6
293.7
136.2
103.5

143.3
160.2
303.4
145.8
126.1

139.5
160.0
303.6
145.7
128.3

150.6
158.9
304.3
142.8
101.4

140.7
156.8
309.2
143.5
112.8

130.8
162.8
297.8
146.5
138.0

125.7
155.0
292.9
134.6
92.5

137.3
158.5
302.8
143.2
114.9

137.7
159.2
303.7
142.2
114.1

131.9
156.7
301.2
138.1
85.7

131.2
155.6
307.1
138.6
92.5

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

109.7
141.2
102.7
178.8
180.2
190.6
167.1
151.1
171.2

108.3
135.5
95.8
169.5
172.6
180.4
162.7
149.7
153.0

112.1
141.1
102.8
179.4
183.0
194.4
168.5
151.1
152.9

103.1
121.3
79.5
159.8
162.9
173.1
150.0
133.5
185.8

114.6
144.3
107.4
178.9
183.2
192.7
171.3
155.3
151.9

114.6
144.1
109.6
173.2
177.0
187.3
163.9
155.9
164.1

105.4
130.7
91.6
151.3
151.7
159.9
141.5
154.4
128.8

106.2
131.2
90.8
160.5
163.2
168.2
157.0
149.7
143.9

115.9
148.9
113.6
193.0
196.9
208.5
182.3
151.2
163.0

107.6
130.0
89.0
178.0
181.3
193.2
166.2
134.4
199.0

115.8
147.2
113.0
188.0
192.7
203.2
179.4
149.6
190.9

118.2
150.8
117.9
182.4
186.7
199.6
170.4
159.0
164.7

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

4.73
2.95
.51
1.26

102.3
107.8
93.6
95.2

79.4
73.4
89.0
87.9

82.2
79.6
86.7
86.2

84.2
82.8
87.5
86.1

85.7
83.7
89.5
88.7

85.9
84.2
90.0
88.5

86.2
85.1
89.3
88.0

81.1
75.5
91.7
88.8

82.2
79.6
86.4
86.2

84.2
83.1
87.6
85.5

86.2
84.5
90.5
88.5

85.6
83.4
90.8
88.7

86.8
85.6
89.6
88.7

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

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




15

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

Item

1995
Dec.

r

Mav

Seasonallvadiusted
1996
Aor.r
Feb. Mar.r
Jan.

1995
Dec.

Not seasonally adjusted
1996
Jan.
Feb. Mar r
ADrr

Mavr

38
381-4
384

5.36
4.32
1.56

106.3
107.0
138.2

109.7
107.7
154.2

111.0
108.9
159.6

113.4
111.6
163.0

112.9
111.3
159.4

112.8
110.3
158.5

113.0
110.5
157.5

109.8
107.7
146.5

108.6
106.0
147.3

111.2
109.1
153.0

111.6
109.6
151.7

110.6
107.7
150.2

111.2
108.5
152.2

Misc. manufactures
Consumer goods
Business supplies

39
391,3,4,6
395,9

1.32
.67
.65

106.9 123.5
106.5 118.5
1-07.4 128.8

122.1
116.5
127.8

124.0
118.5
129.7

124.0
117.6
130.5

122.6
115.8
130.0

122.9
116.5
129.7

124.4
119.2
129.9

118.5
112.8
124.4

121.1
116.4
126.1

123.1
117.3
129.1

121.6
115.2
128.3

122.4
115.8
129.4

Eiectric 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

123.9
123.5
109.9
140.7

125.5
124.6
111.3
141.5

126.6
124.8
107.5
146.4

127.1
127.1
108.7
150.1

125.7
126.0
106.5
150.1

130.2
131.0

124.6
124.6
107.9
145.6

132.8
129.9
111.6
152.8

126.9
128.0
107.5
153.3

121.3
121.3
100.8
146.5

113.2- 120.4
114.8 125.2
94.8
139.5

3.51
1.43
2.08
1.21
.87

112.0
109.9
113.4
112.8
114.2

124.2
124.5
123.9
126.4
120.2

126.2
128.3
124.7
127.7
120.5

128.0
129.2
127.1
129.9
123.2

127.1
128.7
125.9
128.4
122.5

125.5
126.8
124.5
128.6
118.8

129.6

124.6
130.7
120.2
122.3
117.1

135.0
152.7
122.4
126.8
116.3

126.0
135.2
1iC*.5
122.0
116.0

121.4
122.5
120.5
121.2
119.4

111.9
105.4
116.4
117.5
114.9

122.0

1.57
.64
.28
.46

112.7
108.7
115.4
114.4

129.9
123.1
142.5
131.2

125.6
121.3
130.4
126.9

126.3
122.6
130.5
127.2

131.5
128.9
140.3
131.2

126.9

125.0

187.5
208.9
211.9
163.2

221.1
260.9
242.6
183.5

201.4
235.0
224.3
168.3

179.2
199.4
199.1
157.0

131.9

93.3

Feb.

Mar.r

Apr/

Instruments
Scientific and medical
Medical instruments

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

492,3pt

126.5

116.7

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
1995
1992
Q1
Item
Products, total

Q2

1996
Jan.

Mayr

JuneP

1771.4

1804.8

1753.0

1794.2

1766.8

1801.2

1804.6

1808.7

1134.5
273.8
160.3
113.5
860.7

1134.2
264.7
154.2
110.5
869.5

1145.2
278.2
166.0
112.2
867.0

1124.7
262.4
154.1
108.4
862.2

1148.4
274.4
163.4
111.0
874.0

1129.5
257.2
145.2
112.1
872.2

1144.2
276.6
164.8
111.8
867.6

1145.7
276.5
165.3
111.2
869.2

1145.7
281.5
167.9
113.6
864.2

623.7
599.7
533.3
66.4

619.1
595.3
531.8
63.5

637.2
612.4
549.0
63.5

659.6
632.4
567.9
64.6

628.4
604.6
542.6
62.0

645.8
621.4
557.9
63.6

637.3
611.2
546.5
64.8

656.9
630.0
565.4
64.6

658.9
631.5
566.4
65.0

663.0
635.8
571.7
64.1

497.6
199.6
298.1
78.6

500.4
202.4
298.0
79.1

499.2
202.2
297.0
79.7

500.3
205.1
295.2
79.3

495.9
198.3
297.6
79.6

498.8
201.7
297.2
79.2

502.7
206.6
296.2
80.4

499.0
203.5
295.6
79.8

499.8
204.9
294.9
79.2

502.0
206.8
295.2
79.0

1748.7 1750.6 1742.0 1757.3 1753.5

Consumer goods
Durable
Automotive products
Other durable goods
Nondurable

1033.4
222.3
122.4
99.9
811.1

1130.5
272.9
160.6
112.3
857.6

1133.7
279.9
166.2
113.8
853.8

1125.3
269.6
158.7
110.9
855.7

1133.6
271.4
159.0
112.4
862.2

Equipment, total
Business and defense
Business
Defense and space

518.8
500.3
415.6
84.7

618.3
594.6
528.2
66.4

616.9
593.5
524.7
68.8

616.7
593.1
525.7
67.4

450.7
177.0
273.7
70.6

496.9
200.6
296.3
77.0

498.1
202.9
295.2
74.8

493.6
198.9
294.7
75.9

Intermediate products
Construction supplies
Business supplies
Commercial energy products

Q2P

2002.9 2245.6 2248.8 2235.7 2254.9 2253.9 2270.5 2305.1 2248.9 2293.1 2269.5 2300.2 2304.5 2310.7
1552.2

Final products

1996
Q1 r

Q4

Q3

Table 8
DIFFUSION INDEXES OF INDUSTRIAL PRODUCTION
Percent
Jan.

Year

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.

Oct.

Nov.

Dec.

50.0
52.7
40.4

62.7
45.0
65.0

65.8
48.5
51.9

60.4
42.7
53.1

63.8
49.2
53.8

59.2
51.5

59.6
48.5

58.1
58.8

52.3
53.5

60.0
44.4

58.8
51.7

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
55.8

67.7
43.8

67.3
47.7

66.9
52.3

61.5
57.3

60.0
50.4

62.7
49.6

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
53.7

77.7
47.7
56.5

72.3
38.8

74.2
41.2

75.4
44.2

69.6
47.3

70.8
47.3

68.5
52.3

73.1
51.5

One Month Earlier

1994

1995
1996
Three Months Earlier
1994
1995
1996
Six Months Earlier
1994
1995
1996

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.



16

Table 9
ELECTRIC POWER USE: MANUFACTURING AND MINING
Index, 1987 = 100
1995
Dec.
116.1

Seasonallvadiusted
1996
Mar.r
Feb.
Jan.
Aor.r
117.8 118.6 116.5 116.5

MavP
116.3

1995
Dec.
114.2

Not seasonallv adjusted
1996
Jan.
Mar.r
Feb.
Apr/
114.6 114.1 114.6 115.0

776.5
351.3
425.2
74.2

116.4
112.6
119.9
112.2

118.2
114.4
121.6
113.0

118.9
114.8
122.5
115.2

116.5
111.9
120.6
116.2

116.7
112.0
120.9
113.8

116.5
111.8
120.6
114.5

114.1
110.0
117.9
115.0

114.5
110.5
118.1
115.8

114.2
111.5
116.6
113.8

114.6
111.9
117.1
114.6

115.1
111.0
118.8
114.2

116.1
111.7
120.0
113.5

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

14.6
6.3
4.8

162.2
171.7
161.6

154.4
140.1
174.2

164.1
159.6
179.8

164.8
168.2
173.2

161.0
159.2
170.3

166.6
169.3
174.9

162.1
169.7
161.9

156.7
144.2
172.5

156.4
148.7
171.3

158.4
160.3
162.7

159.1
161.3
164.2

163.9
168.3
167.6

Coal mining

12

13.4

99.1

97.3

101.1

99.9

100.1

98.4

105.3

109.6

114.0

109.1

104.5

96.0

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

13
131
132

33.0
27.7
3.7

92.2
92.1
84.5

96.5
97.1
84.7

96.0
94.7
91.1

97.0
96.7
88.1

94.9
94.8
85.0

95.2
96.6
80.5

95.4
95.4
86.9

99.4
99.6
87.9

93.3
93.0
85.4

95.1
95.4
84.6

94.3
94.6
84.2

94.3
95.2
80.8

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

122.5
138.1
123.3
118.8

128.3
145.2
134.7
120.5

126.0
152.4
130.5
116.1

130.4
152.0
126.3
126.5

125.4
148.3
120.1
120.5

124.8
148.7
129.5
117.3

122.5
136.6
122.1
120.0

117.8
115.2
113.4
120.3

115.3
117.7
107.7
116.4

120.3
121.0
107.7
125.4

125.2
141.7
115.3
123.2

127.6
153.3
132.7
119.1

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

52.9
8.7
6.5
6.6
10.9
3.3
3.7
3.4
5.9
3.9

125.7
142.7
110.5
128.7
137.1
127.0
153.5
143.4
105.0
109.5

127.9
142.0
115.2
131.0
141.3
130.4
153.0
146.3
105.4
112.3

127.0
145.2
111.1
126.3
139.7
128.7
149.4
146.8
108.8
110.2

125.8
139.4
111.0
129.3
141.2
128.3
141.6
143.8
106.4
109.8

125.9
141.3
108.7
125.0
142.8
125.0
145.2
153.8
104.3
111.5

126.9
144.8
112.6
122.8
141.1
124.5
152.6
147.9
105.6
113.8

122.1
137.9
104.8
119.6
136.2
121.0
172.8
154.7
97.9
105.8

121.8
135.1
108.4
116.6
138.2
121.9
165.1
158.4
96.2
106.4

118.2
133.3
101.8
112.1
137.1
117.6
153.8
149.6
96.8
101.5

118.0
130.5
105.0
115.6
137.7
119.8
134.6
143.6
97.7
102.6

118.9
134.9
107.1
112.3
138.3
119.7
123.3
149.4
99.7
105.3

122.0
140.4
112.7
115.2
138.1
121.9
128.6
139.7
103.7
109.7

21

1.7

113.7

111.5

118.8

116.4

118.1

117.3

107.2

100.1

116.6

112.3

111.8

113.7

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

22
221-4
225
226
228
229

29.9
11.6
3.4
2.2
8.4
2.9

109.1
96.0
135.1
117.1
111.0
125.9

112.6
97.0
139.2
117.9
117.7
131.3

116.0
101.1
141.9
118.4
121.5
132.2

111.8
96.1
139.9
124.6
118.0
127.7

113.6
96.3
139.2
122.7
122.0
132.5

112.6
102.2
142.6
125.3
113.5
123.9

102.1
89.7
125.3
113.6
102.9
119.0

95.7
82.1
114.9
108.0
97.2
116.5

108.0
94.1
131.2
115.0
112.3
123.9

107.3
92.1
131.9
123.1
113.0
123.8

110.5
93.7
133.6
123.5
118.9
129.1

115.0
104.5
145.0
126.8
116.9
125.8

Apparel products
Men's outerwear
Women's outerwear

23
231,2
233

6.6
1.9
1.9

102.8
116.2
88.9

103.9
116.1
89.9

105.8
121.0
94.0

103.5
119.7
94.3

102.9
119.1
91.5

105.1
124.4
88.9

93.2
103.4
80.2

89.7
97.3
77.9

96.7
107.3
84.1

94.5
105.7
83.6

94.0
106.4
81.7

100.6
118.2
84.5

Lumber and products
Lumber
Millwork and plywood

24
242
243

21.6
7.9
5.7

121.9
106.4
115.4

124.3
108.0
119.1

124.8
110.5
121.5

123.8
109.4
117.4

126.4
109.9
122.3

127.8
111.4
120.6

122.8
108.6
116.2

125.3
110.7
119.5

127.2
115.1
123.0

125.9
112.9
119.2

127.7
112.7
123.9

126.5
111.3
119.5

Furniture and fixtures
Household furniture

25
251

5.7
3.2

120.2
115.0

121.2
114.5

121.7
115.4

118.5
111.4

120.3
115.5

123.4
120.0

118.2
115.3

116.1
113.0

121.6
119.3

117.8
115.1

119.1
117.4

120.2
118.0

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

119.8
112.1
118.0
124.1
122.0
119.5

120.2
106.3
118.2
129.1
124.8
119.2

119.1
108.2
115.7
127.5
128.5
119.6

117.8
104.4
114.4
127.8
125.0
121.4

118.2
97.1
117.7
122.8
120.7
120.6

117.1
96.5
115.8
126.7
124.1
115.8

118.9
113.9
117.8
121.3
117.7
115.9

119.3 116.4
110.4 109.6
118.4 113.7
125.8 124.7
118.7 121.6
113.6- 114.8

116.2
106.7
113.5
124.5
120.4
117.0

117.6
97.4
117.7
119.9
118.4
117.8

116.0
100.3
114.3
121.5
122.5
116.2

Printing and publishing

27
271
275

15.7
3.4
8.2

137.2
119.8
141.4

138.1
123.7
140.9

138.5
119.1
143.4

136.4
119.8
139.7

134.4
115.9
138.3

135.1
116.9
138.9

130.4
115.9
133.7

128.6
117.8
130.7

126.6
110.4
131.0

126.5
110.8
130.8

127.1
109.6
130.9

130.0
114.9
133.1

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

146.2
61.8
14.1
29.1
10.9
18.2

118.3
116.8
104.4
126.2
111.4
136.8

120.4
118.8
108.3
131.6
111.2
146.1

123.0
121.5
114.0
132.9
109.0
150.0

120.8
119.1
114.7
128.6
103.4
146.5

121.9
121.2
117.2
132.1
108.7
148.8

121.2
119.6
119.0
130.0
104.9
147.9

117.6
117.9
107.5
129.3
112.5
141.3

119.9
119.7
108.2
133.6
114.2
147.4

117.5
116.3
110.8
125.0
106.2
138.4

118.7
118.9
120.9
130,5
102.6
150.3

120.9
121.5
115.9
134.2
108.5
152.5

121.7
122.3
116.4
137.4
105.4
160.1

Item
Total

1987 SIC

MAJOR INDUSTRY GROUPS
Manufacturing
Durable
Nondurable
Mining

Tobacco products

Newspapers
Commercial printing




1987
Billion
KWH
850.7

1/

MavP
115.9

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

1987
Billion
KWH

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

MavP

1995
Dec.

NOtseasonallvariinstPri
1996
Feb.
Jan.
Mar r
Aor r

119.2
133.3
138.2
108.3
105.8
132.1

119.9
133.0
138.4
106.5
111.0
128.5

113.3
127.5
130.8
109.9
101.1
132.6

117.3
130.2
128.6
113.6
104.3
132.6

116.7
130.7
129.5
111.7
100.7
130.3

114.9
129.9
131.0
112.0
104.9
131.5

117.8
133.2
130.6
105.8
105.1
131.5

118.6
132.0
135.3
105.2
109.6
127.0

108.4

105.8

105.7

111.7

113.3

103.2

102,7

104.7

105.2

145.2
119.7
117.8
151.6

146.4
116.9
118.9
153.7

146.1
117.6
115.5
153.6

148.2
117.6
118.1
156.4

137.5
108.5
113.9
144.0

133.1
110.2
111.1
138.0

142.1
113.8
118.9
148.?

145.2
113.3
120.1
152.4

145.4
115.4
115.2
153.1

148.3
116.7
119.9
156.1

97.4
93.7

98.6
89.9

94.0
86.7

96.6
89.0

96.0
91.3

89.0
83.0

91.6
85.5

95.8
87.4

91.7
84.0

94.8
86.0

95.2
89.2

109.1
116.9
105.2
108.7
112.0
99.6

111.1
113.6
110.6
107.5
111.1
97.0

110.2
110.1
107.4
110.6
114.2
95.1

106.9
113.5
100.6
103.5
115.7
96.4

108.2
108.8
102.0
107.9
115.5
90.5

107.9
112.2
103.8
105.6
113.4
93.8

108.7
113.6
101.6
110.8
113.0
100.2

105.1
108.0
104.2
97.4
106.7
94.2

102.1
105.7
104.0
89.5
108.6
91.1

102.4
111.4
99.5
91.6
110.2
93.7

106.5
106.9
100.7
104.6
113.5
89.7

109.6
111.6
103.3
111.4
113.6
94.8

137.9
54.4
9.9
55.8
51.2
2.7

112.9
122.2
121.0
91.3
85.2
120.5

113.5
124.1
120.3
91.0
86.5
123.7

115.0
126.3
118.7
91.8
84.5
121.6

111.2
118.8
114.5
90.5
85.7
120.0

111.5
122.6
111.9
89.2
81.2
115.5

109.7
120.7
112.9
87.4
78.4
114.9

111.8
119.7
117.4
92.4
87.0
118.5

113.2
124.7
113.6
92.1
87.2
117.0

112.1
126.1
119.4
85.9
77.7
120.8

113.6
124.3
117.9
90.3
83.9
120.4

111.9
124.7
114.5
88.0
80.6
116.0

110.7
122.3
113.0
88.8
81.3
114.0

1995
Dec.

Seasonally adjusted
1996
Aor.r
Mar.r
Feb.
Jan.

26.5
14.2
5.5
3.1
36.0
8.5

115.2
129.3
139.1
114.2
101.0
132.8

118.2
130.7
139.0
116.9
104.1
133.1

122.0
135.1
140.7
114.4
103.1
135.4

119.2
132.3
140.3
112.0
105.2
136.6

29

40.1

111.4

112.3

110.4

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

30
301
306
308

33.1
3.6
3.1
24.9

142.8
118.3
116.1
148.9

145.0
120.0
116.5
151.4

Leather and products
Shoes

31
314

1.0
.4

92.5
88.1

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

32
321
322
324
325
327

33.8
1.7
6.7
10.1
1.6
5.1

33
331
332
333
3334
336

Item

Petroleum products

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

MavP

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

115.9
128.2
115.2
112.2
108.4
131.2

118.4
130.2
116.2
112.9
111.1
137.0

118.7
129.1
119.3
114.4
111.4
134.8

116.8
129.6
113.2
112.7
110.6
132.8

115.7
127.7
113.7
111.7
107.1
130.9

116.0
124.5
115.9
110.7
110.5
134.1

112.8
120.2
112.0
111.2
104.2
129.3

113.2
122.9
108.3
112.8
106.2
128.3

119.5
127.2
117.0
118.1
112.9
137.2

118.7
129.6
112.6
114.4
113.7
139.1

115.9
128.0
111.5
112.1
108.5
133.8

115.6
123.9
113.8
109.8
110.9
136.2

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

114.4
116.4
145.5
100.2
136.4
114.7
117.0
88.6
147.3

115.6
114.5
143.0
104.1
135.0
116.2
119.7
87.9
1.50.1

116.3
119.1
145.5
107.0
136.2
115.7
123.9
85.1
153.1

115.3
111.0
142.5
103.4
136.5
116.7
120.9
86.4
152.4

115.6
109.1
144.9
101.8
136.4
117.6
119.4
88.7
155.8

115.2
108.4
146.4
103.3
136.8
119.4
118.0
87.9
153.4

110.4
108.4
136.0
97.5
130.4
111.9
111.4
89.0
138.1

108.9
106.2
144.8
97.9
125.2
110.3
111.7
84.0
136.9

114.6
112.1
152.2
105.1
132.7
115.6
120:9
84.9
145.5

114.0
108.0
148.1
102.6
133.4
115.8
118.6
85,7
146.5

113.1
108.3
148.0
100.0
131.4
114.2
116.5
85.9
150.9

114.2
106.8
145.5
101.2
133.1
117.7
116.7
87.7
153.4

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

113.9
77.4
108.5
92.8
107.3
161.9
97.0
131.3

117.9
77.6
111.2
95.8
112.5
153.8
97.5
137.1

116.6
79.0
112.3
97.1
116.1
162.9
95.9
132.6

116.3
75.8
112.0
93.7
111.9
159.5
95.0
135.6

114.8
77.0
112.7
95.3
109.1
157.8
97.4
132.0

116.5
76.6
111.4
99.7
111.9
166.8
95.4
135.4

110.7
74.0
104.6
85.5
104.4
160.5
94.3
128.1

111.1
73.9
106.9
89.7
105.6
149.2
91.2
129.6

112.1
77.5
108.9
93.3
115.0
159.7
91.1
126.7

113.8
75.3
109.9
92.2
112.0
157.8
91.8
131.7

112.3
74.1
111.2
92.8
110.0
152.9
94.2
128.5

115.0
74.8
110.7
99.2
111.7
163.4
93.1
132.9

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

37
371
372
373

38.3
21.9
10.1
2.1

104.4
106.6
89.9
94.5

106.5
111.3
87.4
95.7

107.0
110.0
88.1
96.0

102.1
103.6
87.8
92.0

101.5
103.5
84.9
94.9

103.1
106.8
84.8
94.7

98.8
100.6
85.3
94.6

100.3
103.9
82.8
97.0

103.3
106.1
84.6
99.3

101.9
104.5
86.2
94.4

99.8
102.5
82.5
95.5

103.0
106.8
84.8
93.0

Instruments
Photographic equip. & supplies

38
386

13.1
1.7

106.1
88.9

110.8
96.4

109.5
92.9

107.4
88.4

106.7
86.9

106.1
88.1

102.3
86.5

104.4
92.6

104.6
89.1

105.1
90.5

103.1
84.8

104.4
87.4

39

4.6

139.9

143.6

144.2

145.7

148.9

151.4

132.8

133.6

140.3

141.5

144.4

147.5

832.5
765.4
85.3

115.5
114.5
122.7

116.9
116.1
124.8

117.6
117.5
120.4

115.5
115.6
115.9

115.5
115.4
117.5

115.3
115.3
113.8

113.3
112.4
126.8

113.5
112.6
129.3

113.4
113.1
114.7

113.5
113.4
117.2

113.9
114.0
115.5

114.5
115.2
111.7

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




18

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

Industrial Production
Coverage. The industrial production (IP) index measures output in the
manufacturing, mining, and electric and gas utilities industries. For the period since
1992, the total IP index has been constructed from 260 individual series based on the
1987 Standard Industrial Classification (SIC). These individual series are classified
in two ways: (1) market groups (shown in table 1), such as consumer goods,
equipment, intermediate products, and materials; and (2) industry groups (shown in
tables 2 and 6). such as two-digit SIC industries and major aggregates of these
industries—for example, durable and nondurable manufacturing, mining, and
utilities.
Market groups. For purposes of analysis, the individual IP series are grouped into
final products, intermediate products, and materials. Final products are assumed to be
purchased by consumers, businesses, or government for final use. Intermediate
products are expected to become inputs in nonindustrial sectors, such as
construction, agriculture, and services. Materials are industrial output requiring
further processing within the industrial sector. Total products comprise final and
intermediate products, and final products are divided into consumer goods and
equipment.
Timing. The first estimate of output for a month is published around the 15th of the
following monih. 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."

period. The average revision to the percent^harige 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.
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.

Capacity Utilization
Definition. Capacity utilization is calculated for the manufacturing, mining, and
electric and gas utilities industries. For a given industry, the utilization rate is equal to
an output index divided by a capacity index. Output is measured by seasonally
adjusted indexes of industrial production. The capacity indexes attempt to capture
the concept of sustainable practical capacity, which is defined as the greatest level of
output that a plant can maintain within the framework of a realistic work schedule.
taking account of normal downtime, and assuming sufficient availability of inputs to
operate the machinery and equipment in place. The 75 individual capacity indexes
are based on a variety of data, including capacity data measured in physical units
compiled by trade associations, surveys of utilization rates and investment, and
estimates of growth of the capital input.
Groups. Estimates of capacity and utilization are available for a variety of groups,
including primary and advanced processing industries within manufacturing,
durable and nondurable manufacturing, total manufacturing, mining, utilities, and
total industry. Component industries of the primary and advanced processing groups
within manufacturing are listed in the note on tables 2 and 3 of the release.
Weights. Value-added proportions are used to weight the individual capacity
indexes in aggregations in the same manner as individual IP series are aggregated to
the total index of industrial production. Although each utilization rate is the result of
dividing an IP series by a corresponding capacity index, aggregate utilization rates
are equivalent to combinations of individual utilization rates aggregated with
proportions that reflect current capacity levels of output valued in base-period
value-added per unit of actual output. The implied proportions of individual industry
operating rates in the rate for total industry for the most recent year are shown in the
first column of table 3.
Perspective. The historical highs and lows in capacity utilization shown in the tables
above are specific to each series and did not all occur in the same month. Industrial
plants usually operate at capacity utilization rates that are well below 100 percent:
none of the broad aggregates has ever reached 100 percent. For total industry and
total manufacturing, utilization rates have exceeded 90 percent only in wartime.
References. The basic methodology used to estimate capacity and utilization is
discussed in the Federal Reserve Bulletin, vol. 71 (October 1985), pp. 754-66. The
1990 and 1993 revisions were described in the Federal Reserve Bulletin, vol. 76
(June 1990), pp. 412-35 and vol. 79 (June 1993), pp. 590-605, respectively. 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.

Seasonal adjustment. Individual series are seasonally adjusted by the X—11 ARIMA
method, developed at Statistics Canada. For series based on production-worker
hours, the current seasonal factors were estimated with data through October 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 1 ARIMA. The seasonally adjusted total index is calculated by
aggregating the seasonally adjusted major market groups, and may not precisely
equal an aggregation of the seasonally adjusted industry groups.

Release Schedule for 1996

Reliability. The average revision to the level of the total IP index, without regard to
sign, between the first and the fourth estimates was 0.29 percent during the 1987-95

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




19

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