Full text of G.17 Industrial Production and Capacity Utilization : July 16, 1997

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.VioLGowTv

FEDERAL RESERVE statistical release
For release at 9:15 a.m. (EDT)
July 16,1997

G.17 (419)
INDUSTRIAL PRODUCTION AND CAPACITY UTILIZATION

Industrial production increased 0.3 percent in June, about the same pace as in the previous three months.
The production of motor vehicles rebounded sharply in Junefromthe strike-reduced levels of AprU and May. Continued
strength in commercial aircraft and the high-technology sector again contributed importantly to the growth of output. As
more seasonal weather returned, output at utilities increased 0.4 percent; output at mines was unchanged. For the second
quarter as a whole, industrial production grew 4.3 percent at an annual rate, about the same as in the previous two
quarters. At 119.9 percent of its 1992 average, industrial production in June was 3.8 percent higher than it was in June
1996—more than half of this increase reflects gains in computers, semiconductors, and commercial aircraft and parts.
The rate of industrial capacity utilization was unchanged, at 83.5 percent.

Market Groups
Paced by another sharp increase in the production of durable consumer goods, the overall output of
consumer goods rose 0.3 percent; the production of nondurable consumer goods was unchanged. Among durables, the
(over)

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

Percent chanae
Apr/

Mayr

JuneP

119.9

.4
.4

.4
.3

.2
.4

.3

115.7
112.2
135.9
120.9
125.6

116.2
112.6
137.0
120.3
125.7

.4
.4
.4
1.5
.3

.1
.0
.8
-1.5
.8

.3
.1
.4
.7
.1

.4
.3
.8
-.4
.1

121.3
132.9
109.0
108.2
110.3

121.7
133.7
108.9
108.1
110.7

.4
•7
.1
1.1
-.2

.3
.4
.1
-1.3
3.0

.3
.5
.1
1.9
-2.7

.3
.6
.0
.0
.4

Apr/

Mayr

JuneP

118.8
118.8

119.3
119.2

119.5
119.7

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

115.3
112.1
134.3
121.8
124.5

115.4
112.1
135.4
120.0
125.4

Major industry groups:
Manufacturing
Durable
Nondurable
Mining
Utilities

120.6
131.7
108.7
107.5
109.9

120.9
132.2
108.8
106.1
113.3

Industrial Production
Total Index
Previous estimates

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




!

~~

1997
Mar.r

1997
Mar.r

Percent olf capacity
1988-89 1 1996 I
1997
High
June
Mar.r

Average .
1967-96

1982
Low

82.1

71.1

85.3

83.5

81.2
80.6
82.3 !
87.5 !
87.2 |

69.0
70.4
66.2
80.3
75.9 j

85.7
84.2
88.9
86.8
92.6

82.3
80.5
86.5
91.8
91.4

Uune 96 to
[ June 97
3.8

!

3.5
1.7
8.2
1.7
4.3

! 4.5
I 5.8
i 2.9
3.6
-2.9

Capacity
growth
June 96 to
JuneP ! June 97

Apr/

Mayr

83.6
83.6

83.6
83.6

83.5
83.7

83.5

3.8

82.7
80.7
87.3
94.3
86.8

82.6
80.6
87.1
93.0
89.3

82.6
80.5
87.4
94.6
86.9

82.5
80.5
87.0 i
94.5
87.1

4.2
5.1
2.3
.6
1.9

output of consumer motor vehicles rose 4.0 percent to near its pre-strike (March) level. The production of appliances and
home computing equipment also posted strong increases. The production of nondurable consumer goods other than
energy products was flat and little changed from its level in March; gains in clothing and in paper products were offset by
declines in foods and tobacco and in consumer chemical products. The output of consumer energy products was also
little changed, with a small gain in residential electricity sales largely offset by a small loss in fuels.
The output of business equipment rose 0.8 percent, and that of defense and space equipment also posted a
strong gain. The growth in business equipment was led by the rebound in business vehicles and by further strong
increases in the output of information processing equipment and of commercial aircraft. However, the production of
industrial equipment and of other equipment, both of which had declined noticeably in May, slipped again in June; even
so, the output indexes for both sectors remained above March levels.
The output of construction supplies fell 0.4 percent, reversing part of the May increase; as a result, the June
index for this market group is now more than 1 percent below its peak in March, but it is still above its average level for
the fourth quarter of last year. The production of materials edged up 0.1 percent, led by another gain in the output of
durable goods materials. Among the components of durable materials, the output of equipment parts, particularly
semiconductors, rose sharply, and the production of parts for consumer durables, mainly for motor vehicles, also
increased. Energy materials fell 0.3 percent, with a large decrease in coal production more than offsetting increases in
electricity generation and sales. The output of nondurable goods materials slipped 0.2 percent.

industry groups
Manufacturing output increased 0.3 percent after identical increases in April and May. Excluding motor
vehicles and parts, the output in manufacturing rose 0.2 percent, or about half the rate recorded during the previous two
months. As in the past few months, much of the strength in manufacturing reflects the increased output of durable goods;
the production of nondurables remains little changed from the end of last year. Gains were widespread within the durable
goods sector, with only the furniture and primary metals industries declining appreciably. Increases were especially
strong in electrical machinery and transportation equipment. The production of nondurables was flat—gains in the
apparel, printing, and petroleum products industries were offset by declines in the rest of the sector, especially tobacco,
paper, and leather and products.
Mining output was flat, with another big gain in oil and gas well drilling offset by a large drop in coal
mining; utility output increased.
The factory operating rate edged down 0.1 percentage point, to 82.5 percent, the same level as in December
1996. The utilization rate for advanced-processing industries remained at 80.5 percent, which is slightly below its
long-term average. The rate for primary-processing industries, which had risen 0.3 percentage point in May, fell back
0.4 percentage point, to 87.0 percent, well below its recent high of 89.6 percent in December 1994; the operating rates for
all primary-processing industries fell. The operating rate at mines decreased 0.1 percentage point, to 94.5 percent, while
the rate at utilities increased 0.2 percentage point, to 87.1 percent.
Note: This release contains revised estimates of capacity for selected industries for March through December 1997. The
revision increased the estimated growth of aggregate capacity 0.2 percentage point between December 1996 and
December 1997.




2

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

Twelve-month percent change

Twelve-month percent change

-10

•10

10
5
0
-5
J

1992

1994

1992

1996

1994

l_

-10

1996

Manufacturing

Total industry
Ratio scale, 1992 production = 1 0 0

Ratio scale, 1992 production = 100

160
145
130
115
100
85
70
Percent of capacity

1985




Percent of capacity

1990

1985

1995
3

1990

1995

Table 1A
INDUSTRIAL PRODUCTION: MARKET GROUPS
I
Item

Feb.

Mar/

Apr/

Mavr

JuneP

1997
Jan.

Feb.

Mar/

Apr/

Mav'' JuneP

100.00

117.8

118.4

118.8

119.3

119.5

119.9

116.7

118.5

118.5

118.3

118.1

121.9

59.92
46.14

114.2
115.1

114.8
115.6

115.3
116.3

115.4
116.6

115.7
116.8

116.2
117.5

112.8
114.3

114.1
116.1

114.0
115.6

113.6
115.0

113.5
114.7

118.3
119.3

28.15
5.89

111.7 111.8
127.3 129.2
129.6 131.0
138.7 138.9
120.1 122.3
167.0 165.0
115.5 118.1
125.5 127.8
171.2 179.5
124.1 130.0
228.9 240.2
106.0 106.9
109.2 109.2
107.8 107.2
107.4 107.2
107.7 108.0
94.0
93.8
117.9 116.2
101.1 101.5
110.4 107.6
105.1 106.2
112.6 108.0

1<2.1
131.0
131J
138.9
123.3
163.8
119.7
130.4
183.6
137.5
238.9
111.6
109.9
107.4
107.5
108.7
94.2
114.9
102.3
107.5
108.5
106.8

112.1
126.7
124.4
127.1
116.0
146.1
118.0
128.3
178.1
127.6
240.4
108.5
109.8
108.4
107.7
107.9
95.3
117.0
102.6
112.7
110.1
113.7

112.2
128.5
126,3
129.5
117.7
149.6
119.2
129.9
181.6
130.4
244.7
112.1
109.5
108.2
107.6
107.6
95.0
117.0
103.1
111.9
114.1
110.6

112.6 112.1 112.1
130.3 ! 123.0 133.6
129.3 123.9 140.0
134.7 130.9 155.9
118.5 111.0 135.3
160.0 154.1 180.1
119.5 112.4 117.6
130.9 122.3 129.1
185.7 164.9 183.6
136.4 122.5 142.4
245.7 215.7 231.4
111.8 103.0 109,0
109.6 107.5 108.5
108.2 109.2 106.8
107.6 102.5 102.8
107.3 102.4 103.0
95.1
88.1
91.0
116.7 111.2 109.2
104.6 100.8 101.7
112.1 j 147.7 129.9
114.0 102.3 101.4
110.9 169.0 143.2

111.2
133.5
136.1
146.9
127.2
170.0
119.8
131.5
186.0
145.1
233.0
111.5
110.9
105.8
103.5
103.4
92.3
109.3
103.1
119.6
103.8
126.9

109.9
133.4
137.4
148.5
132.7
167.2
120.6
130.6
181.5
141.5
227.6
112,5
110.7
104.2
104.6
104.9
93.8
109.6
104.2
102.0
108.0
99.2

109.1
130.7
133.1
143.2
128.8
160.2
117.7
128.9
181.1
133.6
238.4
107.8
109.9
103.9
105.7
105.4
95.9
113.3
102.8
93.3
114.9
83.2

114.0
134.2
136.0
145.8
126.6
168.3
120.9
132.7
191.7
141.1
252.8
113.8
109.3
109.1
111.3
111.2
100.0
122.4
103.8
96.3
115.7
87.2

I 120.8 122.6
132.1 133.8
I 149.6 152.4
! 335.7 343.0
127.9 128.2
109.8 111.8
117.2 118.7
123.4 124.4
74.7
75.4
130.8 140.7
156.3 163.5

123.5
134.3
153.6
349.9
127.5
113.1
118.3
125.1
75.6
153.4
160.9

124.2
135.4
154.8
357.3
130.2
110.1
109.9
128.9
75.2
153.4
168.0

124.8
135.9
156.1
365.1
129.4
112.3
112.2
127.9
75.4
156.0
166.4

126.0
137.0
157.9
372.4
129.3
114.5
114.0
127.7
76.0
164.3
169.4

118.1
128.7
144.7
316.6
124.7
108.1
111.5
121.4
75.5
129.5
137.3

122.9
134.6
148.9
331.5
129.1
118.7
132.9
127.7
75.6
133.4
155.9

123.2
134.4
150.5
339.7
128.6
116.7
123.4
126.5
75.9
140.4
163.0

124.0
135.4
151.0
340.4
128.5
119.4
128.4
128.9
75.5
141.7
176.2

124.4
136.1
153.5
358.1
128.7
118.5
123.7
127.7
75.0
145.3
170.2

128.4
140.7
161.1
386.9
132.6
120.0
123.3
130.6
75.4
153.2
183.2

Total Index
Products, total
Final products
Consumer goods
Durable
Automotive products
Autos and trucks
Autos
Trucks
Auto parts and allied goods
Other durable goods
Appliances and electronics
Appliances and air cond.
Home electronics
Carpeting and furniture
Miscellaneous
Nondurable
Nonenergy
Foods and tobacco
Clothing
Chemica 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

lndex.1WJMM

1996
i
rT5S7
!
IP
Jan.
Proportion1

|

I

|

Intermediate products
Construction supplies
Business supplies

2.40

1.38
.67
.71
1.02
3.48
1.19
.55
.65
.78
1.51
22.26
18.77
9.72
1.89
4.40
2.76
3.49
1.06
2.43

17.00
13.81
5.68
1.55
4.49
2.30
1.13
1.33
2.31
.64
.23

!
I

!
|

Seasonally Adjusted

••••••crai-f^MiMiiT^

14.78
5.72
9.06

111.6
117.0
108.4

112.0
120.0
107.3

112.1
121.8
106.5

112.0
120.0
107.3

112.3
120.9
107.3

112.2
120.3
107.4

108.3
108.4
108.0

108.3
112.7
105.6

109.1
116.7
104.6

109.1
119.6
103.0

109.8
121.8
102.8

115.2
126.6
108.5

40.08

123.4

124.1

124.5

125.4

125.6

125.7

122.7

125.5

125.7

125.9

125.4

127.7

23.04
4.34
8.63
10.08
3.33
8.92
.96
1.61
4.39
1.96
8.12
5.22
2.90

138.4
132.1
169.4
119.3
114.9
109.6
106.8
111.5
111.1
I 105.3
103.8
101.6
108.0

139.2
129.7
172.6
119.8
116.4
110.5
107.7
113.2
111.2
107.5
104.0
102.8
106.2

140.2
129.8
175.6
120.0
116.4
110.6
104.9
113.8
111.2
108.4
103.5
102.3
105.9

141.5
130.6
178.0
120.8
116.6
111.4
108.1
114.8
112.2
107.7
103.7
101.7
107.6

142.2
127.0
181.6
121.3
118.5
110.7
107.4
114.9
110.8
107.9
103.5
102.3
105.6

142.7
127.4
183.6
120.8
117.4
110.5
106.8
114.7
110.7
107.7
103.1
101.5
106.2

135.4
128.6
168.4
115.3
113.3
109.0
106.9
113.4
109.4
104.7
108.1
104.4
114.9

140.3
135.8
172.9
119.4
118.7
111.3
109.0
115.2
112.2
106.1
106.8
105.9
108.4

142.0
138.4
176.1
119.8
118.6
110.8
107.0
113.9
111.8
107.1
104.4
103.5
106.1

142.4
136.7
177.0
120.7
119.1
114.0
112.1
115.6
115.1
110.4
100.9
100.0
102.5

142.9
133.0
180.1
121.2
118.9
110.8
112.2
113.7
111.3
105.8
101.1
101.2
100.9

145.7
135.5
184.8
123.0
117.9
112.0
109.0
116.4
111.9
109.2
103.6
102.8
105.2

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

97.48
95.20
97.55
93.68

117.4
117.1
115.1
111.5

118.0
117.8
115.6
111.8

118.5
118.3
116.0
112.1

119.2
119.0
116.4
112.4

119.4
119.3
116.6
112.4

119.7
119.5
116.9
112.6

116.5
116.1
114.1
110.6

117.8
117.4
115.9
112.1

118.0
117.5
115.8
111.8

117.8
117.3
115.6
111.6

117.6
117.3
115.2
111.0

121.5
121.2
118.8
114.5

Consumer goods excluding:
Autos and trucks
Energy

26.76
24.65

110.3
111.9

110.1
112.1

110.7
112.7

111.1
112.0

111.2
112.3

111.4
112.7

111.0
107.1

109.9
109.5

109.4
110.0

107.9
110.9

107.4
111.2

112.3
116.4

Business equipment excluding:
Autos and trucks
Computer and office equipment

12.67
12.26

133.6
119.2

135.3
120.5

135.9
120.7

137.9
121.4

138.3
121.6

139.3
122.4

130.4
116.6

134.7
121.9

135.5
121.3

136.1
122.3

137.3
122.1

142.4
125.4

Materials excluding:
Energy

31.96

129.4

130.3

131.0

132.1

132.4

132.6

127.2

131.2

132.3

133.6

132.8

135.2

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

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




4

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

Item

Seasonally adjusted
annua rate

1996
Q3

Q4

T Tr
Ql

I

Seasonallvadiusted

1997

Not*

1997'

llv adjusted

Q2P

Mar/

Apr/

Mavr

JuneP

Mar>

Apr/

Mavr

JuneP

June 96
to
June 97

Total Index

3.9

3.3

4.5

4.4

4.3

.4

.4

.2

.3

.0

-.2

-.2

3.3

3.8

Products, total
Final products

3.8
4.1

3.1
2.8

4.8
4.8

3.6
3.9

3.7
4.6

•4
.6

.1
.2

.3
.2

.4
.6

-1
-.4

-.4
-.5

-.1
-.3

4.2
4.0

3.5
3.9

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

2.5
2.4
•9
•5
-3.8
7.3
1.3
3.4
10.5
1.5
18.6
•3
-•7
2.5
2.5
2.3
-2.7
5.3
2.8
2.5
3.3
22

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

5.6
-5.0
-11.7
-20.9
-40.4
3.9
3.3
-.1
2.5
-14.7
19.0
-.1
-2.1
8.6
7.9
6.1
-.7
17.9
5.0
12.7
2.7
17.5

-.4
8.2
17.8
23.6
16.9
29.7
10.1
1.9
-.1
6.4
-5.1
-4.9
7.3
-2.6
-.4
2.9
-4.6
-2.8
-4.9
-13.8
-2.7
-18.3

1.8
-2.1
-12.0
-22.1
-13.8
-28.6
3.8
5.6
8.6
2.8
13.5
10.2
.9
2.8
.9
-2.0
4.8
1.9
7.2
14.5
25.2
9.8

•4
1.4
.5
•0
.8
-7
1.3
2.0
2.3
5.8
4.4
.6
•2
•2
•7
•4
-1.1
•3
-1
2.1
-1.1

-•5

.0
-3.3
-5.5
-8.5
-5.9
-10.8
-1.4
-1.6
-3.0
-7.2
.6
-2.7
.0
.9
.2
-.8
1.1
1.8
.2
4.8
1.5
6.4

.1
1.4
1.5
1.9
1.4
2.4
1.0
1.3
2.0
2.2
1.8
3.3
-.3
-.2
-.1
-.3
-.4
.0
.5
-.7
3.7
-2.7

.3
-.8
-1.2
1.4
.0
-1
2.3
-2.8
.9
4.0
-5.8
1.1
.7
-6.0
4.3
6.9
-5.6
-1.7
.2
1.8
.7
.8
1.9
-.7
2.3
1.3
-2.4
4.6
1.9
-2.5
.4
-2.3
•7
-.3
2.2
.9
.1
2.2
-.2
.0
-1.6
-•9
.0
.6
1.1
-.3
.5
1.4
.2
1.4
1.7
-.2 !
.1
.3
1.5
1.4
1.0
.1 I -7.9 -14.7
-.1
2.3
4.1
.3 -11.3 -21.9

-.7
-2.1
-3.1
-3.6
-2.9
-42
-2.4
-1.3
-.2
-5.6
4.8
-4.1
-.7
-.3
1.1
.6
2.2
3.4
-1.3
-8.5
6.4
-16.1

4.5
2.7
2.2
1.8
-1.7
5.0
2.7
3.0
5.8
5.6
6.0
5.5
-.5
5.0
5.3
5.5
4.3
8.0
1.0
3.2
.7
4.9

1.7
•3
-.5
-2.2
-11.1
7.6
1.8
•9
3.2
-2.2
7.9
-2.5
•9
2.0
2.6
1.4
-.5
5.5
4.4
-1.0
6.8
-4.4

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

6.8
8.0
10.8
38.9
-.2
21.5
-1.9
3.6
-)2
'.4.0
•4

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

3.4
5.6
7.5
22.1
1.1
6.2
-25.6
12.3
-«.9
2.5
-18.5

11.3
11.6
12.0
26.8
2.6
26.6
19.1
15.2
-6.1
84.7
8.3

9.3
8.3
12.1
28.3
5.4
2.5
-18.9
13.0
1.7
54.5
20.6

•7
•4
.8
2.0
-•5
1.2
-.3
.6
4
9.0
-1.6

.6
.8
.8
2.1
2.1
-2.7
-7.1
3.0
-.5
.0
4.4

.4
.4
.8
22
-.6
2.0
2.1
-.8
.3
1.7
-1.0

1.0
.8
1.2
2.0
-.1
2.0
1.6
-.1
.7
5.3
1.8

.2
-.1
1.1
2.5
-.4
-1.7
-7.1
-.9
.4
5.2
4.6

.6
.7
.3
.2
-.1
2.3
4.0
1.9
-.6
.9
8.1

.4
.5
1.6
5.2
.2
-.8
-3.7
-.9
-.6
2.6
-3.4

i
i

3.0
5.7
1.3

4.1
9.3
.8

4.8
-.4
8.2

2.8
3.0
2.7

.9
2.7
-.2

•1
1.5
-.8

-.1
-1.5
.7

.3
.7
.1

-.1
-.4
.1

.7
3.5
-1.0

.0
2.5
-1.5

.6
1.9
-.2

4.9
3.9
5.5

2.3
1.7
2.7

j

4.0

3.6

4.1

5.6

5.2

.3

.8

.1

•1

.2

.1

-.4

1.9

4.3

5.5
.8
11.2
2.8
2.6
2.8
1.1
2.5
4.5
•1
1.0
-1
2.8

6.2
2.2
10.6
4.2
5.2
4.2
8.2
7.3
6.4
-45
-4.1
-4.9
-2.8

3.9
-6.5
10.9
2.7
7.2
6.3
-1.8
9.1
10.7
-1.4
2.0
-1.1
7.9

7.6
5.2
18.0
.1
.5
6.2
-4.1
8.9
7.9
5.4
-.6
.6
-2.8

8.5 '
.7
-6.7
.1
21.3
1.7
4.3
.1
5.7
.0
2.3
.1
3.7
-2.6
7.1
.5
2
.1
2.6
.9
-1.3
-.5
-1.6
-.5
-.7
-.3

.9
.5
1.4
.7
.2
.8
3.1
.9
.9
-.7
2
-.6
1.6

.5
-2.7
2.0
.5
1.6
-.6
-.7
.1
-1.3
.1
-.3
.7
-1.9

-5
-2
-1
-•1
-.3
-.8
.6

1.2
1.9
1.9
.3
-.1
-.4
-1.8
-1.1
-.4
1.0
-2.2
-2.3
-2.2

.3
-1.2
.5
.7
.5
2.9
4.7
1.4
3.0
3.0
-3.4
-3.4
-3.3

.3
-2.7
1.7
.4
-.2
-2.8
.1
-1.6
-3.3
-4.2
.2
^2
-1.6

2.0
1.9
2.7
1.4
-.8!
1.1
-2.8
2.4
•5
3.3
2.5
1.5
4.3

6.4
-2.3
15.5
2.5
4.3
4.1
.5
9.0
5.1
-.3
-1.6
-1.9
-.9

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

4.0
42
3.1
2.6

3.1
3.3
2.4
1.9

5.3
5.6
4.0
3.5

4.0
4.0
3.9
2.7

5.0
5.3
3.7
2.4

.4
.5
.4
.2

.6
.5
.3
.3

.2
.3
.1
.0

•2
-2
•2
.1

.2
.1
-.1
-.2

-.2
-.2
-.2
-.2

-.1
.0
-.4
-.5

3.3
3.3
3.1
3.1

4.0
4.2
3.2
2.3

Consumer goods excluding:
Autos and trucks
Energy

2.6
2.5

.2
2.8

7.2
4.6

-1.5
1.6

3.2
.2

.5
.5

.4
-.7

.0
.2

•1
.4

-.5
.4

-1.4
.8

-.5
.3

4.6
4.6

1.9
2.1

Business equipment excluding:
Autos and trucks
Computer and office equipment

8.9
4.4

8.0
3.9

9.1
3.6

11.0
9.6

11.0
5.7

.5
.2

1.5
.6

.3
.1

.6

•7

.6
-.5

.4
.8

.9
-.2

3.7
2.7

9.6
5.6

Materials excluding:
Energy

4.7

5.6

4.6

7.2

6.8

.5

.9

.2

.2

.8

1.0

-.5

1 7

5.8

intermediate products
Construction supplies
Business supplies
Materials
Durable
Consumer parts
Equipment parts
Basic metals
Nondurable
Textile
Paper
Chemical
Other

Energy

Primary
Converted fuel

•3j
.4
1.1
-.4
-9
-•2

3.2
7.6
3.4
8.2
5.0
9.7
8.0
28.7
3.0
2.4
1.3
13.8
-.3 I -5.6
2.2 I 11.7
.6
-1.4
5.4 I 28.6
7.7
.8

SPECIAL AGGREGATES

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




5

-

Table 2A
INDUSTRIAL PRODUCTION: INDUSTRY GROUPS
1996
IP
SIC Proportion1

^TS57

index. IS>52=1uu

SeasonallvAdiusted

• • • • • • 2rcr^FFwni PET? itns £ • • • • • • • •

7WT
Jan.

Feb.

Mar/

Aor/

Mayr JuneP

119.9

116.7

118.5

118.5

118.3

118.1

121.9

121.3

121.7

115.8

119.0

119.6

120.7

120.8

124.7

115.6
123.4

116.2
123.8

115.9
124.5

111.0
118.2

114.2
121.4

114.8
122.0

116.5
122.7

116.2
123.1

118.3
127.9

131.7
113.3
111.0
113.5

132.2
113.6
112.7
113.6

132.9
113.7
113.8
113.2

133.7
113.9
112.7
113.0

126.2
104.1
105.9
105.8

131.7
109.6
110.7
107.5

132.7
111.4
109.7
110.2

133.3
114.0
110.3
113.4

133.4
112.3
110.5
114.5

136.9
117.6
113.7
117.0

120.0
118.2
112.3
122.1
119.5

121.3
118.7
114.2
124.2
120.4

120.2
119.3
115.5
121.2
120.6

123.6
123.8
115.8
123.4
120.9

122.4
122.0
115.1
122.7
120.8

117.1
115.5
112.1
118.9
115.2

123.7
122.5
116.8
125.1
117.8

123.3
121.0
117.3
126.0
119.6

124.6
124.9
119.1
124.2
118.0

124.5
124.4
115.7
124.5
119.7

122.9
123.1
115.1
122.6
123.0

164.7
340.3
168.6
283.9

166.6
347.8
172.5
294.1

167.4
354.7
175.2
302.7

171.2
362.2
176.3
308.1

170.8
370.1
179.5
316.9

171.7
377.5
181.8
323.5

159.2
320.9
166.2
282.4

167.5
336.1
172.3
294.6

169.1
344.4
175.0
304.9

170.2
345.2
175.1
307.0

170.7
363.1
177.9
314.8

177.5
392.3
183.2
325.4

372-6,9
38
39

8.41
4.80
2.29
3.62
4.72
1.29

111.9
132.0
128.8
92.2
103.3
116.3

111.5
129.6
129.4
93.5
104.6
117.1

111.9
128.9
129.5
94.8
104.7
116.3

110.6
125.3
119.1
95.5
104.4
116.7

110.2
123.7
121.3
96.3
104.9
116.4

111.8
126.1
125.4
97.1
105.6
116.9

110.1
127.6
121.5
92.6
101.1
112.3

117.6
142.1
145.4
93.7
103.2
114.8

117.1
138.9
136.9
95.7
103.4
115.7

118.2
140.2
139.2
96.5
103.2
115.8

115.8
134.8
134.4
96.8
103.2
115.7

117.3
136.9
136.0
97.8
107.1
117.2

20
21
22
23
26

39.55
9.37
1.16
1.57
1.80
3.29

108.5
108.2
104.6
106.3
96.2
j 110.3

108.6
108.4
105.7
106.9
95.8
111.1

108.7
109.2
106.9
108.2
96.3
112.1

108.8
108.4
105.5
108.9
96.2
112.4

109.0
108.1
104.3
108.7
96.7
112.8

108.9
108.0
102.9
108.6
97.2
112.3

104.8
103.2
101.8
100.8
93.1
112.0

105.6
102.7
109.3
105.5
93.9
112.9

105.9
103.7
105.8
107.1
95.5
111.8

107.4
104.7
108.6
113.4
94.6
114.6

107.6
106.0
100.4
112.1
96.5
110.8

111.9
110.2
114.5
115.1
99.4
113.9

27
28
29
30
31

6.44
10.17
1.75
3.78
.20

i 100.5
113.7
107.4
121.1
78.3

100.6
112.8
,08.6
123.1
77.6

99.7
112.0
108.1
124.0
78.4

99.8
113.5
110.7
122.0
77.8

100.2
113.0
113.3
123.3
77.0

100.7
112.9
113.4
123.2
76.3

96.3
109.9
99.8
119.7
76.4

96.7
110.1
100.4
123.3
75.7

96.8
109.9
101.9
123.9
78.0

97.4
111.9
107.6
122.4
77.4

97.3
112.1
114.8
123.0
77.1

102.6
116.3
118.3
125.4
78.5

10
12
13
14

5.59
.42
.87
3.71
.60

103.6
105.7
106.4
i 100.8
117.2

106.3
105.7
109.6
103.1
125.0

107.5
104.8
105.2
105.4
128.8

106.1
103.2
104.1
104.6
123.3

108.2
103.0
115.6
104.8
124.7

108.1
102.8
107.3
106.6
125.3

100.5
101.1
105.6
101.6
83.7

103.4
103.8
114.0
103.0
89.3

105.1
104.8
112.2
103.7
104.3

105.1
102.4
103.9
103.3
122.2

107.4
103.6
109.6
103.3
137.0

108.6
105.8
106.8
104.7
143.1

8.07
6.26
1.81

I 112.7
113.2
110.9

110.2
110.9
107.6

109.9
110.3
108.7

113.3
113.6
112.0

110.3
110.1
110.8

110.7
110.8
110.4

137.6
120.4
197.1

125.0
111.5
171.6

117.2
106.3
155.2

103.8
101.5
111.4

97.6
102.2
81.1

103.0
114.3
63.4

81.54
83.89
80.02

118.6
116.2
112.0

119.5
116.9
112.5

120.0
117.3
112.7

120.6
117.5
112.9

121.1
117.8
113.0

121.3 ! 115.1
118.1 112.9
113.2 108.7

117.7
115.9
111.5

118.5
116.5
111.8

119.6
117.5
112.9

120.0
117.5
112.7

124.0
121.1
116.1

12.3
6.0
6.4
6.1
0.3

12.4
6.1
6.3
6.0
0.3

12.3
6.1
6.2
5.9
0.3

11.3
5.7
5.6
5.3
0.3

11.5
5.8
5.7
5.4
0.3

11.9
12.1
5.8
5.9
6.1
6.2
5.8 I 6.0
0.3
0.3

12.5
6.2
6.3
6.0
0.3

12.4
6.1
6.2
6.0
0.3

13.1
6.7
6.5
6.1
0.3

12.6
6.5
6.2
5.9
0.3

12.2
6.0
6.2
5.9
0.3

Jan.

Feb.

Mar/

Aor/

Mayr June0

100.00

117.8

118.4

118.8

119.3

119.5

86.34

119.3

120.1

120.6

120.9

Primary processing
Advanced processing

27.72
58.62

113.8
122.0

114.8
122.6

115.6
123.0

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

46.79
2.06
1.30
2.12

129.5
108.6
109.7
112.7

130.8
112.0
110.3
112.5

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

3.52
1.88
.09
1.64
5.28

117.8
118.0
111.7
117.6
119.2

9.51
2.45
8.58
3.87

Item
Total index
Manufacturing

Transportation equipment
Motor vehicles and parts
Aerospace and misc.
Instruments
Miscellaneous

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

491,3pt I
492,3pt

!

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

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




6

Table 2B
INDUSTRIAL PRODUCTION: INDUSTRY GROUPS
Percent change
I
1995Q4
to
1996Q4

SIC

Item,

1996

3.9

Total Index

Seasonally adjusted
annual rate

03

Q4

1997
QV

3.3

4.5

4.4

Seasonally adjusted

1997

p

Mar/

Aor/

4.3

.4

.4

<22

Not seasonally adiusted

JuneP

.2

.3

May

1

Mar/

Aor/

MSY r , JuneP

.0

-.2

-.2

3.3

3.8

.5

.9

.1

3.2

4.5

1.8
3.9

3.0
5.2

4.1

5.0

4.3

5.3

4.4 |

.4

.3

.3

.3

2.9
4.8

5.4
4.8

2.3
5.2

3.0
6.4

4.2 !
4.4 1

.7

-3

.0
.4

.5
.3

-.2
.6

.6
.5

1.5
.6

-.3
.3

5.7
2.7
2.5
1.9

6.0
-1.9
-2.7
11.8

2.8
-1.3
7.1
-5.0

8.2
4.2
-.5
4.9

Primary metals
33
Iron and steel
331,2
Raw steel
333-6,9
Nonferrous
34
Fabricated metal products
Industrial machinery
36
and equipment
367
Computer a n d office equip.
Electncal machinery
36
Semiconductors
3672-9

3.7
2.4
-1.7
5.2
2.7

7.4
7.4
-.4
7.6
3.1

4.1
2.6
-7.9
6.0
.1

10.0
37.4
7.1
16.0

11.6
43.0
5.6
15.3

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

372-6,9
38
39

6.5
-1.6
-.4
18.9
2.7
3.2

20
21
22
23
26

Manufacturing
Primary processing
Advanced processing

7.1
9.2
10.3
1.2

.7
1.2
.6
.9

.4
.3
1.5
.0

.5
.1
1.0
-.4

.6
.2
-.9
-.2

.7
1.6
-.9
2.5

.5
2.3
.6
2.9

.1
-1.4
.2
.9

2.6
4.7
2.9 |
2.2

5.8
1.4
2.9
1.5

-.3
-1.1
6.8
.7
1.4

8.1 I
12.1
10.0
3.7
3.6

1-0
.4
1.7
1.7
.7

-.9
.5
1.1
-2.4
.2

2.9
3.8
.2
1.8
.3

-1.0
-1.4
-.6
-.6
-.1

-.3
-1.3
.4
.8
1.5

1.0
3.2
1.6
-1.5
-1.3

-.1
-.4
-2.8
.3
1.4

-1.3
-1.0 |
-.5
-1.6
2.7

4.6
4.2
•2
5.0
1.6

6.8
22.1
6.7
17.8

12.3
25.9
12.3
33.4

12.5
28.4
17.5
34.5

.4
2.0
1.6
2.9

2.3
2.1
.6
1.8

-.3
2.2
1.9
2.8

.5
2.0
1.3
2.1

1.0
2.5
1.6
3.5

.7
.2
.0
.7

.2
5.2
1.6
2.5

4.0
8.0
3.0
3.4

10.0
28.3
10.8
26.1

7.6
2.7
11.7
14.9
.3
1.9

-2.2
-15.2
-24.8
18.1
2.9
5.9

14.2
14.1
22.4
14.3
2.7
7.0

-3.4
-14.9
-20.7
12.6
3.0
.5

.3
-.5
.1
1.4
.1
-.7

-1.2
-2.8
-8.0
.8
-.3
.3

-.3
-1.3
1.8
.8
.5
-.2

-.4
-2.3
-5.8
2.1
.2
.8

.9
.9
1.7
.8
-.2
.1

-2.0
-3.8
-3.4
.4
.1
.0

1.3
1.6
1.2
1.0
3.7
1.3

4.4
-3.3
-3.8
15.1
2.2
3.4

2.3
2.1
2.6
.5
-2.8
1.7

3.7
.9
-4.5
5.4
-2.9
4.2

6.0
6.0
9.1
-1.8
-3.6
2.8

2.0
3.6
-1.5
-.9
-5.4
5.2

1.2
-1.5
-5.6
6.1
2.6
4.9

.1
.7
1.1
1.3
.6
.9

.1
-.7
-1.3
.6
-.1
.2

.1
-.2
-1.1
-.1
.4
.4

.0
-1
-1.3
-1
.6
-.5

.3
1.0
-3.2
1.5
1.7
-1.0

1.4
1.0
2.6
5.9
-.9
2.5

.2
1.2
-7.6
-1.1
2.0
-3.3

4.0
4.0
14.1
2.7
3.0
2.8

2.9
1.9
-2.1
.6
-1.8
3.6

27
28
29
30
31

.4
5.0
3.5
2.5
-4.7

3.8
6.9
2.4
7.8
-6.2

6.9
12.3
3.9
.3
-5.1

1.6
1.8
1.4
2.7
-2.6

.0
1.0
17.3
•3|
-5.1

-.9
-.7
-.5
.8
1.0

.1
1.3
2.4
-1.7
-.8

.4
-.4
2.4
1.1
-.9

.5

.0
-.9

.1
-.2
1.4
.5
3.0

.7
1.9
5.6
-1.2
-.7

-.2
.1
6.7
.5
-.5

5.5
3.8
3.1
1.9
1.8

|

3.8
4.6
6.6
1.9
-5.7

10
12
13
14

3.4
1.7
4.1
3.0
6.9

.8
14.5
-4.6
-.5
7.5

.5
2.7
9.6
-2.1
2.6

7.8
2.4
-5.6
11.7
9.0

6.5
-8.9
7.5
8.8
2.6 j

1.1
-.8
-4.0
2.2
3.0

-1.3
-1.6
-1.0
-.8
-4.2

1.9
-.2
11.1
.3
1.2

-.2
-7.2
1.6
.5

1.6
1.0
-1.6
.7
16.8

.0
-2.3
-7.4
-.4
17.2

2.2
1.2
5.5
.0
12.1

1.1
2.1
-2.6
1.3
4.5 |

3.6
1.1
-1.5
5.0
3.9

1.4
.9
3.1

-12.0
-10.8
-16.1

9.5
5.9
23.1

-7.1
-3.4
-19.0

1.7

491,3pt
492,3pt

•1

-.2
-.6
1.0

3.0
3.0
3.1

-2.7
-3.1
-1.1

.4
.6
-.3

-6.2
-4.7
-9.6

-11.5
-4.4
-28.2

-6.0
.7
-27.2

5.6
11.8
-21.8

-2.9
-3.0
-2.8

5.1
4.0
3.4

5.6
3.8
3.1

4.8
4.7
3.4

5.6
3.6
2.2

.5
.4
.2

.4
.2
.1

.4
.3
.1

.7
.5
.3

.9
.9
.9

.4
.0
-.2

3.3
3.1
3.0

5.0
3.8
2.7

Durable
Lumber and products
Furniture and fixtures
Stone, clay, a n d glass products

24
25
32

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

June 96
to
June 97

1997

1-

7.5!

1.4
1.9
3.4
.9
•7 I
.4|

•"*
.o!

|
I
!

SPECIAL A Q G R E Q A T E S
Manufacturing excluding:
Motor vehicles and parts
Computer a n d office equipment
Computers and semiconductors

j

4.5
3.3
2.7

|
!
!

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




7

.2
.2
.1 !

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

SIC

1996
Proportion

rreBT^-

T578^"

1996
Ave.

1973
High

1980
High

1982
Low

TSSfTl
isssr
1989 1991
High

Low

1996
June

1997
Jan.

Feb.

Mar.r

Apr/

Mavr

JuneP

Total Industry

100.00

82.1

89.2

87.3

71.1

85.3

78.1

83.5

83.3

83.5

83.6

83.6

83.5

83.5

Manufacturing

87.43

81.2

88.5

86.9

69,0

85.7

76.6

82.3

82.4

82.6

82.7

82.6

82.6

82.5

26.61
60.81

82.3
80.6

91.2
87.2

38.1
86.7

66.2
70.4

88.9
84.2

77.8
76.1

86.5
80.5

86.2
80.7

86.9
80.7

87.3
80.7

87.1
80.6

87.4
80.5

87.0
80.5

47.70
1.97
1.32
2.20

79.5
82.7
81.7
78.0

89.2
88.7
96.8
88.8

87.7
87.9
85.5
88.0

63.9
60.8
68.9
64.3

84.5
93.6
86.6
83.6

73.2
75.5
72.5
69.7

82.5
87.4
81.6
79.7

81.7
83.1
80.6
79.6

82.1
85.5
81.0
79.3

82.3
86.3
81.3
79.9

82.1
86.3
82.4
79.8

82.1
86.1
83.0
79.4

82.1
86.0
82.1
79.1

333-6,9
3331
3334

3.22
1.75
.08
1.46
.08
.10

80.8
80.6
80.6
81.3
74.1
88.5

100.2
105.8
102.7
90.8
93.4
95.7

94.2
95.8
95.8
91.1
81.5
97.6

45.1
37.0
35.2
60.1
42.1
58.6

92.7
95.2
92.7
89.3
86.3
100.4

73.7
71.8
71.5
74.2
73.6
97.3

90.7
89.5
93.5
92.2
80.8
85.3

89.4
87.7
90.3
91.7
96.8
85.5

90.8
87.6
90.5
95.0
95.5
86.0

91.5
87.7
91.5
96.3
93.5
86.4

90.4
87.9
92.0
93.7
91.4
86.3

92.8
91.0
91.7
95.1
96.3
85.7

91.5
89.4
90.6
94.3

34

5.18

78.2

87.8

83.9

63.7

82.0

72.2

84.9

83.7

83.7

84.1

84.1

84.2

83.9

35
357
36

8.92
2.37
8.77

81.5
81.5
81.1

96.0
90.9
89.2

93.2
92.6
89.4

64.0
65.5
71.6

85.4
86.9
84.0

72.4
66.9
75.1

90.1
92.7
83.8

89.2
89.1
78.9

89.3
88.6
79.7

88.8
87.8
80.1

90.0
87.2
79.6

88.8
86.7
80.1

88.4
85.9
80.1

37
371

75.7
76.4

86.1
93.4

372-6,9 I
38
39 I

9.77
5.56
2.49
4.22
4.98
1.36

75.3
81.9
75.3

78.4
89.9
82.9

84.8
95.0
94.6
81.9
92.7
79.4

57.2
45.5
40.6
66.6
78.4
65.4

85.8
89.1
92.2
87.3
81.4
79.0

68.5
55.9
53.3
79.2
77.2
71.7

72.5
74.4
81.2
70.0
79.6
78.4

75.4
74.1
79.5
77.1
79.5
80.0

75.0
72.7
79.8
78.2
80.5
80.4

75.2
72.3
79.7
79.1
80.5
79.8

74.1
70.2
73.2
79.5
80.3
79.9

73.8
69.2
74.4
79.9
80.6
79.7

74.7
70.5
76.7
80.4
81.2
79.9

20
22
23
26
261-3
27

39.73
9.48
1.60
1.99
3.17
1.26
6.55

83.4
83.0
85.5
81.1
i 89.3
92.4
! 85.9

87.8
86.0
91.4
84.2
97.1
97.2
89.7

87.5
84.6
91.2
87.5
96.1
98.3
93.9

76.4
79.1
72.3
77.5
80.6
82.0
82.0

87.3
85.4
90.4
85.1
93.5
98.0
91.7

80.7
82.7
77.7
75.5
85.0
89.C
79.G

82.0
81.1
83.3
75.9
88.5
89.3
79.7

83.1
81.9
81.0
73.3
89.3
92.7
82.7

83.2
81.9
81.4
73.0
89.9
93.3
32.9

83.1
82.3
32.4
73.4
90.6
93.0
32.2

83.1
81.6
82.9
73.3
90.8
93.0
82.3

33.1
81.3
82.7
73.7
91.1
92.8
82.7

83.0
81.1
82.6
74.1
90.6

28
Chemicals and products
P'astice materials
2821
Synthetic fibers
2823,4
Petroleum products
29
Rubber and plastics products
30
i_sather and products
31

10.69
.78
.36
1.50
3.43
.24

i 79,6
| 86.6
! 85,1
86.3
i 84.9
| 81.2

37.6
102.0
93.8
96.7
95.5
81.3

84.6
90.9
98.6
90.0
91.2
92.1

69.9
63.4
64.4
66.8
72.7
75.8

86.2
97.0
99.7
88.5
89.6
83.3

79.3 i 78.0
74.8
95.0
77.6
85.3
85.1
93.6
77.4 i 91.6
76.1
72.3

80.6
93.5
95.9
94.3
90.8
70.5

79.7
93.3
38.8
95.4
92.1
70.0

79.0
93.0
88.5
94.9
92.6
70.9

79.8
93.3
95.0
97.0
90.8
70.5

79.3

79.0

85.9
99.3
91.5
70.0

99.2
91.3
69.6

5.29
.42
.85
3.50
.65
.52

87.5
78.5
86.9
88.5
72.8
85.4

94.3
89.6
91.0
96.9
93.0
95.0

96.0
87.9
99.4
97.3
104.3
92.7

80.3
44.4
76.6
82.3
50.9
63.3

86.8
89.4
91.5
86.6
60.6
89.1

86.1
91.8
79.9
85.8
83.4 i 88.3
87.5 I 92.7
53.7
85.8
79.4
96.2

91.1
89.0
85.7
92.5
89.9
92.4

93.4
88.9
88.1
94.5
96.8
98.4

94.3
88.1
84.5
96.5
104.9
101.1

93.0
86.7
83.5
95.6
104.2
96.6

94.6
86.5
92.7
95.7
105.3
97.6

94.5
86.2
85.9
97.1
110.2
97.8

7.28
5.59
1.69

87.2
89.1
82.4

96.2
99.0
94.1

89.1
88.2
93.7

75.9
78.9
69.1

92.6
95.0
85.0

83.4
87.1
67.1

89.3
90.7
84.0

87.1
88.7
81.4

86.8
88.1
82.2

89.3
90.6
84.7

86.9
87.7
83.7

87.1
88.1
83.4

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
Electncal 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
Metai mining
Coal mining
Oil and gas extraction
Oil and gas well drilling
Stone and earth minerals
Utilities
Electric
Gas

24
25
32

33 I
331,2

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

91.4
92.7
86.4

86.3

83.2

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




8

Table 4
INDUSTRIAL CAPACITY: MANUFACTURING, MINING, AND UTILITIES

I
Item

SIC

Total Industry

anoe
. . . " " «»rcentchDecemberto
December

Annual rate
1967- 1967- 1375^
1997 1975 1997
Ave.
Ave.
Ave.

1993

1994

1995

1996

Capacity indexes
Percent of 1992 output

1
1997

2.8

3.8

2.4

1.8

2.9

3.4

3.7

4.0

2.8

2.0

3.2

3.8

1996
June

1997
Jan.

Feb.

Mar/

Apr/

Mavr

June

138.4 I 141.3 141.8

142.2

142.7

143.2

143.6

146.9

147.4

3.1

4.0

4.1

4.3

141.5

144.9

145.3

145.8

146.4

Primary processing
Advanced processing

2.2
3.6

4.1
4.0

1.4
3.5

1.2
2.4

2.1
3.8

2.1
4.6

2.4
4.9

2.4
5.3

130.2
147.1

131.9
151.3

132.2
151.9

132.4
152.5

132.7
153.2

132.9
153.8

133.2
154.5

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

3.5
1.8
2.8
1.4

3.7
2.9
4.5
2.5

3.4 j
1.4
2.1
.9

2.6
•4
1.4
.1

4.2
2.6
1.4
1.0

5.7
2.1
1.3
1.3

6.2
2.9
2.4
2.3

6.6
3.2
2.3
2.4

153.0
128.5
134.2
139.7

158.5
130.7
136.0
141.5

159.2
131.0
136.3
141.8

160.1
131.3
136.5
142.0

160.9
131.7
136.8
142.3

161.8
132.0
137.1
142.6

162.7
132.4
137.3
142.9

333-6,9
3331
3334

.3
-.4
-.8
1.5
.3
1.2

1.7
.7
.3
3.8
1.8
5.2

-.3
-.8
-1.2
.6
-.3
-.4

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

1.5
3.1
1.4
-.4
-1.1
.0

1.8
1.8
3.3
1.8
2.5
.0

3.5
4.8
.9
1.9
-2.9
.0

3.5
3.6
6.6
3.4
.7
.0

129.0
130.9
123.0
126.7
129.1
103.7

131.8
134.5
123.7
128.3
126.7
103.7

132.1
134.9
124.1
128.6
126.6
103.7

132.5
135.3
124.8
129.0
126.7
103.7

132.9
135.7
125.5
129.4
126.9
103.7

133.3
136.0
126.3
129.8
127.0
103.7

133.7
136.4
127.0
130.2
127.1
103.7

34

1.6

3.1

1.1

1.6

1.4

2.8

2.9

2.7

140.1

142.4

142.8

143.1

143.4

143.7

144.0

35
357
36

5.3
20.4
7.4

4.7
12.0
5.9

5.6
24.0
8.1

4.8
19.4
8.3

6.5
23.1
12.0

9.2
29.5
17.0

11.6
36.7
16.5

12.8
39.8
15.5

37
371

2.6
3.3

3.0
4.4

2.4
2.8

372-6,9
38
39

1.5
4.5
2.1

1.1
7.6
4.4

1.6
3.2
1.2

.7
3.0
-.2
-2.0
.5
1.5

3.2
7.9
6.2
-2.1
.1
1.4

2.8
7.1
5.7
-2.6
.0
1.4

1.1
3.0
1.5
-1.4
.0
1.4

1.9
1.3
2.2
2.5
.5
1.7

147.6
175.3
160.5
120.4
129.9
144.2

148.5
178.0
161.9
119.6
129.9
145.4

148.6
178.2
162.2
119.6
130.0
145.6

148.9
178.4
162.5
119.9
130.0
145.8

149.1
178.6
162.8
120.2
130.1
146.0

149.4
178.7
163.1
120.5
130.1
146.2

149.6
178.9
163.4
120.8
130.2
146.4

20
22
23
26
261-3
27

2.7
2.4
2.2
1.2
2.7
2.4
2.5

4.3
3.0
4.4
2.3
3.9
2.9
3.0

2.0
2.1
1.3
.7
2.2
2.2
2.3

1.3
1.8
2.5
.5
2.3
1.8
-.9

1.9
2.0
3.7
.4
1.4
1.9
.0

1.6
2.1
4.1
3.2
2.0
3.0
-.2

1.7
1.9
2.3
1.1
1.5
2.2
-.6

1.6
1.8
.5
.0
1.0
1.6
-.7

129.2
130.8
129.7
130.5
122.6
118.6
121.8

130.5
132.2
131.2
131.3
123.5
120.0
121.4

130.6
132.4
131.3
131.3
123.6
120.1
121.3

130.8
132.6
131.3
131.3
123.7
120.3
121.3

130.9
132.8
131.4
131.2
123.8
120.4
121.2

131.1
133.0
131.4
131.2
123.9
120.6
121.1

131.3
133.2
131.5
131.2
124.0
120.7
121.1

3.7
6.5
3.9
1.5
5.1
-3.2

6.8
12.7
9.7
4.2
8.4
-1.5

2.5
4.1
1.6
.4
3.8
-3.8

2.1
-1.6
.8
-.5
3.2
-2.1

3.0
7.5
1.2
2.1
4.4
-1.7

2.0
5.4
-.2
-.5
2.0
-1.9

3.6
7.1
1.3
.4
1.6
-1.4

3.3
5.8
4.3
1.0
2.9
-2.8

138.4 141.1
130.2 135.5
121.3 122.3
113.6 113.9
132.0 j 133.4
112.0 111.1

141.5
136.2
122.5
113.9
133.6
110.8

141.8
136.8
123.0
114.0
134.0
110.5

142.2
137.4
123.5
114.1
134.3
110.3

142.6
138.1
124.0
114.2
134.7
110.0

143.0
138.7
124.5
114.3
135.0
109.7

10
12
13
138
14

.1
1.3
2.3
-.6
.4
1.1

-.1
.5
2.4
-1.0
.8
2.6

.2
1.6
2.3
-.4
.3
.5

-.5
1.6
1.6
-1.6
-6.7
1.7

.8
-1.8
4.5
.0
-.9
1.0

-.6
1.2
-1.4
-.9
-2.2
1.9

-.3
1.0
1.1
-1.0
-4.2
1.9

113.9 114.1
119.0 119.1
124.5 124.6
109.2 109.4
146.3 147.2
127.4 127.6

491,3pt
492,3pt

2.8
3.9
.3

6.1
7.8
2.3

1.5
2.3
-.5

.8
1.3
.2

1.2
1.0
.4

1.9
2.4
.5

2.1
2.6
.8

Manufacturing

Primary metals
Iron and steel
Raw steel
Nonferrous
Primary copper
Primary aluminum
Fabricated metal products
Industrial machinery
and equipment
Computer and office equip
Electncal 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
Pub and paper
Printing and publishing

33
331,2

Chemicals and products
28
Plastics materials
2821
Synthetic fibers
2823,4
Petroleum products
29
Rubber and plastics products
30 j
Leather and products
31
Mining
Metalmining
Coal mining
Oil and gas extraction
Oil and gas well drilling
Stone and earth minerals
Utilities
Electric
Gas

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




9

173.2 184.7 186.5 188.4 190.3 192.3 194.3
317.5 381.8 392.7 403.8 415.3 427.1 439.3
195.6 213.8 216.3 218.9 221.5 224.2 227.0

113.7
1.6
1.0
118.5
1.3 ! 123.4
1.6 ! 109.5
6.3
149.0
2.3
125.4

113.7
118.8
124.2
109.0
145.4
126.9

113.7
118.9
124.4
109.1
145.3
127.1

1.5
1.7
.5

126.3
124.9
132.0

126.5 126.6
125.1 125.2
132.1- 132.1

124.7
123.1
131.5

126.8
125.4
132.2

114.3 114.4
119.1 119.2
124.7 124.9
109.6 109.8
148.2 149.1
127.9 128.1
127.0
125.6
132.3

127.1
125.8
132.3

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

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.

Oct.

Nov.

Dec.

Q1

Q2

Q3

Q4

Annual

Industrial
Production,
Percent
Change'
1985
1986
1987
1988
1989

.4
.6
-.6
.1
.5

.9
-.7
1.2
.3
-.8

.3
-1.0
.4
.0
.9

.2
.8
.4
.6
.3

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

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

-.4
.3
.6
.7
-1.0

.6
.3
.1
.5
.4

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

-.9
.9
1.3
.3
-.5

.6
.5
.3
.7
.4

.7
.9
.6
.5
.5

3.0
2.0
4.3
3.1
3.8

2.8
-1.7
6.7
3.0
.5

.3
.7
5.6
3.8
-4.4

1.4
6.5
6.9
3.6
.0

1.6
1.1
4.6
4.4
1.8

1990
1991
1992
1993
1994

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

.5
-.8
.7
.5
.5

.5
-.9
.8
.1
.7

-.6
.3
.7
.3
.4

.4
.8
.4
-.6
.6

.0
1.2
-.3
.2
.5

-.1
.1
.7
.3
.5

.2
.1
-.4
-.2
.0

.1
.9
.5
1.0
.1

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

-1.3
-.1
.6
.5
.6

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

1.9
-8.2
1.1
3.7
6.2

.8
1.3
6.7
.8
6.7

.9
6.3
2.2
1.7
4.4

-5.7
1.1
5.6
5.8
5.6

-.2
-2.0
3.2
3.4
5.0

1995
1996
1997

.3
-.4
.1

-.2
1.3
.5

.1
-.5
.4

-.3
.9
.4

.1
.4
.2

.2
.6
.3

.0
.0

.8
.3

.4
.1

-.4
.2

.2
.8

.1
.4

3.9
1.6
4.4

-.7
6.2
4.3

3.2
3.3

.8
4.5

3.3
2.8

86.9
89.6
90.2
95.8
99.7

87.6
88.9
91.2
96.1
98.9

87.8
88.0
91.5
96.2
99.8

88.0
88.7
91.9
96.7
100.1

88.2
88.5
92.3
96.8
99.5

88.0
88.2
93.1
96.8
99.3

87.6
88.5
93.7
97.4
98.3

88.1
88.7
93.8
98.0
98.7

88.6
88.7
93.7
97.6
98.5

87.9
89.5
94.9
97.9
98.1

88.4
89.9
95.2
98.6
98.5

89.0
90.7
95.8
99.1
98.9

87.4
88.8
91.0
96.0
99.5

88.0
88.5
92.5
96.8
99.6

88.1
88.6
93.7
97.7
98.5

88.4
90.0
95.3
98.5
98.5

88.0
89.0
93.1
97.3
99.0

1990
1991
1992
1993
1994

98.5
96.7
j 97.5
102.3
105.7

99.0
95.9
98.1
102.8
106.2

99.4
95.0
98.9
102.8
107.0

98.9
95.3
99.6
103.2
107.4

99.3
96.0
100.0
102.6
108.1

99.3
97.2
99.7
102.8
108.6

99.2
97.2
100.4
103.1
109.1

99.4
97.4
100.1
102.8
109.2

99.5
98.3
100.5
103.9
109.3

99.0
98.2
101.3
104.1
109.9

97.7
98.1
101.9
104.6
110.6

97.1
97.4
101.9
105.4
111.6

99.0
95.8
98.2
102.6
106.3

99.2
96.2
99.8
102.8
108.0

99.4
97.6
100.3
103.3
109.2

97.9
97.9
101.7
104.7
110.7

98.9
96.9
100.0
103.4
108.6

1995
1996
1997

111.9
112.4
117.8

111.6
113.8
118.4

111.7
113.2
118.8

111.4
114.3
119.3

111.5
114.8
119.5

111.7
115.5
119.9

111.7
115.5

112.6
115.8

113.0
116.0

112.5
116.2

112.7
117.2

112.8
117.7

111.8
113.1
118.3

111.6
114.8
119.6

112.4
115.8

112.7
117.0

112.1
115.2

Capacity
1985
1986
1987
1988
1989

108.7
112.2
113.9
I 115.3
116.8

109.0
112.3
114.0
115.5
117.0

109.2
112.5
114.1
115.6
117.2

109.5
112.7
114.3
115.7
117.4

109.8
112.8
114.4
115.8
117.6

110.1
113.0
114.5
115.9
117.8

110.4
113.1
114.6
116.0
118.0

110.7
113.3
114.7
116.2
118.2

111.0
113.4
114.8
116.3
118.4

111.3
113.5
115.0
116.4
118.6

111.6
113.7
115.1
116.5
118.8

111.9
113.8
115.2
116.7
119.0

109.0
112.3
114.0
115.5
117.0

109.8
112.8
114.4
115.8
117.6

110.7
113.3
114.7
116.2
118.2

111.6
113.7
115.1
116.5
118.8

110.3
113.0
114.6
116.0
117.9

1990
1991
1992
1993
1994

119.2
121.4
123.3
125.7
128.0

119.3
121.5
123.6
125.8
128.3

119.5
121.7
123.8
126.0
128.6

119.7
121.9
124.0
126.2
128.9

119.9
122.0
124.2
126.4
129.2

120.0
122.2
124.4
126.6
129.5

120.2
122.4
124.6
126.7
129.8

120.4
122.5
124.7
126.9
130.1

120.6
122.7
124.9
127.1
130.5

120.8
122.8
125.1
127.3
130.8

121.0
123.0
125.3
127.5
131.1

121.2
123.2
125.5
127.7
131.4

119.3
121.5
123.6
125.8
128.3

119.9
122.0
124.2
126.4
129.2

120.4
122.5
124.7
126.9
130.1

121.0
123.0
125.3
127.5
131.1

120.1
122.3
124.4
126.7
129.7

1995
1996
1997

i 131.8
j 136.3
141.3

132.1
136.7
141.8

132.5
137.1
142.2

132.8
137.5
142.7

133.2
137.9
143.2

133.6
138.4
143.6

134.0
138.8

134.3
139.2

134.7
139.6

135.1
140.0

135.5
140.5

135.9
140.9

132.1
136.7
141.8

133.2
137.9
143.2

134.3
139.2

135.5
140.5

133.8
138.6

79.9
79.8
79.1
83.1
85.3

80.4
79.2
80.0
83.3
84.5

80.4
78.2
80.2
83.2
85.1

80.3
78.7
80.5
83.6
85.2

80.3
78.4
80.7
83.6
84.6

79.9
78.1
81.3
83.5
84.3

79.4
78.2
81.8
84.0
83.3

79.6
78.3
81.7
84.3
83.5

79.9
78.2
81.6
84.0
83.2

79.0
78.8
82.6
84.1
82.7

79.2
79.1
82.7
84.6
82.9

79.5
79.7
83.1
85.0
83.2

80.2
79.1
79.8
83.2
85.0

80.2
78.4
80.8
83.6
84.7

79.6
78.2
81.7
84.1
83.3

79.2
79.2
82.8
84.6
82.9

79.8
78.7
81.3
83.9
84.0

1990
1991
1992
1993
1994

82.6
79.6
79.0
81.4
82.6

82.9
78.9
79.4
81.7
82.8

83.2
78.1
79.9
81.6
83.2

82.6
78.2
80.4
81.7
83.3

82.8
78.7
80.6
81.2
83.7

82.7
79.5
80.2
81.2
83.9

82.5
79.5
80.6
81.3
84.1

82.5
79.5
80.2
81.0
83.9

82.5
80.1
80.5
81.7
83.7

81.9
79.9
81.0
81.8
84.1

80.7
79.7
81.3
82.1
84.4

80.1
79.1
81.2
82.5
84.9

82.9
78.9
79.5
81.6
82.9

82.7
78.8
80.4
81.4
83.6

82.5
79.7
80.4
81.3
83.9

80.9
79.6
81.2
82.1
84.4

82.3
79.2
80.4
81.6
83.7

1995
1996
1997

84.9
82.4
83.3

84.5
83.2
83.5

84.3
82.6
83.6

83.9
83.1
83.6

83.7
83.2
83.5

83.6
83.5
83.5

83.4
83.2

83.8
83.2

83.9
83.1

83.3
83.0

83.2
83.4

83.0
83.5

84.6
82.8
I 83.5

83.7
83.3
83.5

83.7
83.2

83.2
83.3

83.8
83.1

Year

Industrial
Production
1985
1986
1987
1988
1989

Utilization
1985
1986
1987
1988
1989




10

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

91

Annual

Jan.

Feb.

Mar.

Apr.

May

June

Jury

Aug.

Sept.

Oct.

Nov.

Dec.

Q1

Q2

Q3

Industrial
Production,
Percent
Change1
1985
1986
1987
1988
1989

.1
1.5
-.8
-.2
.9

.6
-.5
1.6
.4
-1.2

.7
-.9
2
-.1
.8

.2
1.4
.5
1.0
.1

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

-.3
-.3
1.0
.0
.0

-.4
.3
.7
.7
-1.1

.9
.6
-2
.3
.4

.4
.0
.1
2
-.3

-.8
.8
1.3
2
-.6

1.1
.4
.5
1.0
.4

-.1
\2
.6
.6
.1

2.1
4.5
5.0
2.4
4.3

42
1.7
7.0
4.1
-.7

1.1
1.7
5.5
3.7
^4.5

1.6
6.7
7.6
5.2
-1.4

2.3
2.8
5.3
4.7
1.9

1990
1991
1992
1993
1994

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

.9
-.7
.8
.3
.6

.3
-1.1
.9
.1
.9

-.8
.3
.6
.5
.7

.4
.7
.4
-.5
.7

-.1
1.4
-.1
.0
.2

.0
.2
.7
.3
.8

.3
2
-.3
-.3
.1

.0
1.1
.4
1.1
.2

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

-1.3
-.2
.6
.5
.7

-.6
-.5
-.1
.8
.9

2.9
-9.7
2.3
4.5
6.3

-.1
1.2
7.3
1.4
8.1

.8
7.8
2.8
1.2
5.0

-6.3
1.7
5.1
6.2
6.7

-.5
-2.4
4.0
3.7
5.5

1995
1996
1997

.4
-.4
.1

-.4
1.3
.6

.1
-.8
.4

-.3
1.1
.3

-.1
.4
.3

.2
.7
.3

-.1
.5

.7
.1

.7
.2

-.4
.2

-.1
.8

.1
.6

4.2
1.1
5.3

-1.4
6.3
4.4

2.6
5.0

1.0
4.3

3.5
2.7

Industrial
Production
1985
1986
1987
1988
1989

84.4
87.9
89.6
95.4
100.3

84.9
87.4
91.0
95.8
99.1

85.4
86.6
91.2
95.7
99.9

85.6
87.8
91.6
96.7
100.0

86.0
87.7
91.9
96.6
99.4

85.7
87.5
92.8
96.6
99.4

85.4
87.7
93.4
97.2
98.3

86.1
88.2
93.3
97.5
98.7

86.4
88.2
93.4
97.7
98.4

85.7
88.9
94.6
97.9
97.9

86.7
89.3
95.0
98.9
98.2

86.6
90.3
95.6
99.4
98.3

84.9
87.3
90.6
95.7
99.8

85.8
87.7
92.1
96.6
99.6

86.0
88.0
93.4
97.5
98.5

86.3
89.5
95.1
98.7
98.1

85.7
88.1
92.8
97.1
99.0

1990
1991
1992
1993
1994

98.1
95.8
97.2
102.6
106.0

99.0
95.1
98.0
102.9
106.6

99.3
94.1
98.9
103.0
107.5

98.6
94.4
99.5
103.6
108.2

99.0
95.0
100.0
103.0
109.0

98.9
96.3
99.9
103.0
109.2

98.8
96.6
100.5
103.4
110.0

99.1
96.8
100.2
103.0
110.1

99.1
97.8
100.6
104.2
110.3

98.5
97.8
101.4
104.4
111.1

97.2
97.6
102.0
105.0
111.9

96.6
97.1
101.8
105.9
112.9

98.8
95.0
98.0
102.9
106.7

98.8
95.2
99.8
103.2
108.8

99.0
97.0
100.5
103.5
110.2

97.4
97.5 I
101.7
105.1
111.9

98.5
96.2
100.0
103.7
109.4

1995
1996
1997

113.3
| 113.4
119.3

112.9
114.8
120.1

113.1
113.9
120.6

112.7
115.2
120.9

112.6
115.7
121.3

112.9
116.4
121.7

112.7
117.0

113.4
117.2

114.2
117.4

113.8
117.6

113.6
118.5

113.8
119.2

113.1
114.0
120.0

112.7
115.8
121.3

113.4
117.2

113.7
118.4

113.2
116.3

107.0
111.0
113.2
115.1
117.0

107.3
111.2
113.4
115.3
117.3

107.6
111.4
113.6
115.4
117.5

108.0
111.6
113.8
115.5
117.8

108.3
111.7
113.9
115.7
118.0

108.7
111.9
114.1
115.8
118.3

109.0
112.1
114.2
116.0
118.5

109.3
112.3
114.4
116.1
118.7

109.7
112.5
114.6
116.3
119.0

110.0
112.7
114.7
116.5
119.2

110.4
112.9
114.9
116.6
119.5

110.7 107.3
113.0 111.2
115.0 I 113.4
116.8 I 115.3
119.7 117.3

108.3
111.7
113.9
115.7
118.0

109.3
112.3
114.4
116.1
118.7

110.4
112.9
114.9
116.6
119.5

108.8
112.0
114.1
115.9
118.4

1990
1991
1992
1993
1994

119.9
122.4
124.5
127.2
129.8

120.1
122.6
124.7
127.4
130.1

120.3
122.7
125.0
127.6
130.5

120.5
122.9
125.2
127.8
130.8

120.7
123.1
125.4
128.0
131.2

120.9
123.3
125.7
128.2
131.5

121.1
123.5
125.9
128.4
131.9

121.3
123.6
126.1
128.6
132.2

121.5
123.8
126.3
128.9
132.6

121.7
124.0
126.5
129.1
132.9

121.9
124.2
126.8
129.3
133.3

122.2
124.3
127.0
129.5
133.6

120.1
122.6
124.7
127.4
130.1

120.7
123.1
125.4
128.0
131.2

121.3
123.6
126.1
128.7
132.2

121.9
124.1
126.8
129.3
133.3

121.0
123.4
125.8
128.3
131.7

1995
1996
1997

134.0
139.1
144.9

134.4
139.6
145.3

134.8
140.1
145.8

135.2
140.5
146.4

135.6
141.0
146.9

136.0
141.5
147.4

136.5
142.0

136.9
142.5

137.3
142.9

137.8
143.4

138.2
143.9

138.7
144.4

134.4
139.6
145.3

135.6
141.0
146.9

136.9
142.5

138.2
143.9

136.3
141.7

78.9
79.1
79.1
82.9
85.7

79.1
78.6
80.2
83.1
84.5

79.3
77.8
80.3
82.9
85.0

79.2
78.7
80.6
83.7
84.9

79.4
78.5
80.7
83.5
84.2

78.9
78.1
81.4
83.4
84.1

78.3
78.2
81.8
83.8
83.0

78.8
78.6
81.5
84.0
83.1

78.8
78.4
81.5
84.0
82.7

77.9
78.9
82.5
84.1
82.1

78.5
79.1
82.8
84.8
82.2

78.2
79.9
83.1
85.1
82.2

79.1
78.5
79.9
83.0
85.1

79.2
78.5
80.9
83.5
84.4

78.6
78.4
81.6
83.9
82.9

78.2 |
79.3
82.8
84.7
82.1

78.8
78.7
81.3
83.8
83.6

1990
1991
1992
1993
1994

81.8
78.2
78.1
80.7
81.6

82.4
77.6
78.6
80.8
81.9

82.6
76.6
79.1
80.7
82.4

81.8
76.8
79.5
81.0
82.7

82.0
77.2
79.7
80.5
83.1

81.8
78.1
79.5
80.4
83.0

81.6
78.2
79.9
80.5
83.4

81.7
78.3
79.5
80.1
83.3

81.5
79.0
79.7
80.9
83.2

80.9
78.9
80.1
80.9
83.6

79.7
78.6
80.4
81.2
84.0

82.3
79.1
78.1
77.5
78.6
80.2
81.7 ! 80.7
82.0
84.5

81.9
77.4
79.5
80.6
83.0

81.6
78.5
79.7
80.5
83.3

79.9
78.5
80.2
81.3
84.0

81.4
78.0
79.5
80.8
83.1

1995
1996
1997

84.6
81.5
82.4

84.0
82.2
82.6

83.9
81.3
82.7

83.4
82.0
82.6

83.0
82.0
82.6

83.0
82.3
82.5

82.6
82.4

82.9
82.3

83.2
82.1

82.6
82.0

82.2
82.4

82.0
82.5

83.1
82.1
82.6

82.9
82.3

82.3
82.3

83.1
82.1

Year

Capacity
1985
1986
1987
1988
1989

Utilization
1985
1986
1987
1988
1989

i
|
[
|




11

84.2
81.7
82.5

Table 6
INDUSTRIAL PRODUCTION: INDUSTRY SUBTOTALS AND INDIVIDUAL SERIES
I
Item

SIC

1996
IP
Proportion

_
Seasonally adjusted

Index. 1892 = 160
^ ^ _ N o t seasonally adjusted

^ggg

Dec.

^resrJan.

Feb.

Mar/

Apr/

"TCSff- nrasr

MavM Dec.

Jan.

Feb.

Mar/

Apr/

Mayr

10
101
102-4,8,9
102

.42
.06
.36
.12

106.3
111.8
105.6
115.1

105.7
108.0
105.5
104.7

105.7
122.9
103.2
108.7

104.8
116.2
103.2
111.3

103.2
109.0
102.5
107.0

103.0
111.5
101.8
105.7

105.8
112.7
105.0
112.2

101.1
100.4
101.4
103.4

103.8
111.0
102.9
108.2

104.8
110.4
104.2
108.7

102.4
103.0
102.6
108.0

103.6
116.7
101.9
103.3

12

.87

109.5

106.4

109.6

105.2

104.1

115.6

106.1

105.6

114.0

112.2

103.9

109.6

13
131

100.7
96.1
87.8
107.6
114.3
123.6

100.8
95.3
87.2
106.5
109.9
130.8

103.1
96.0
88.4
106.5
114.5
140.7

105.4
96.7
88.4
108.0
113.6
153.4

104.6
96.0
88.5
106.3
108.7
153.4

104.8
95.5
87.3
113.6
156.0

103.4
97.9
88.6
110.7
111.7
133.7

101.6
96.6
87.8
108.8
107.6
129.5

103.0
97.3
89.5
108.2
112.6
133.4

103.7
96.9
88.6
108.4
113.5
140.4

103.3
96.5
88.4
107.6
109.9
141.7

103.3
95.5
87.6

132
138

3.71
2.84
1.52
1.32
22
.64

14

.60

122.9

117.2

125.0

128.8

123.3

124.7

100.4

83.7

89.3

104.3

122.2

137.0

20
201

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

108.2
109.0
108.1
95.4
120.5
95.8
100.7
81.6
110.0
90.7
99.5
102.1

108.2
113.5
113.6
98.3
125.1
89.5
99.6
76.3
109.4
84.9
102.7
101.5

108.4
114.0
113.0
101.0
125.5
91.2
101.1
76.8
111.1
88.5
104.9
101.7

109.2
114.7
114.2
103.5
124.4
90.4
99.9
75.1
108.5
87.9
101.9
101.7

108.4
112.6
111.4
96.1
126.6
92.5
100.2
80.8
108.7
91.5
98.7
101.6

108.1
113.4
113.1
95.1
127.7!
93.9
100.6
76.1
110.9
92.9
97.6
101.1

105.0
106.0
101.9
99.8
114.7
98.3
96.0
89.2
111.0
93.4
71.2
99.2

103.2
111.9
111.5
97.9
122.4
90.4
95.3
95.5
105.3
87.6
78.2
100.6

102.7 103.7
112.4 110.4
109.5 105.0
99.7 101.4
124.6 122.4
97.9 104.9
101.5 104.3
94.7
85.2
112.4 112.8
92.6
96.7
95.8 104.4
102.9 104.6

104.7
113.8
109.5
101.0
128.0
92.7
107.9
94.1
109.9
109.6
108.1
106.6

106.0
112.1
112.1
91.2
127.2
89.0
109.5
80.9
114.7
111.8
110.7
106.3

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

1.30
1.30
1.03
.64
.24
1.74
.54
.98
1.05
.17

I 107.0
108.5
104.1
i 114.5
100.3
113.2
106.5
117.6
109.2
97.2

104.6
108.7
105.8
110.6
101.5
112.5
108.0
115.7
109.3
101.0

108.4
108.1
105.7
112.3
102.0
110.3
100.5
116.5
107.6
98.1

107.7
109.5
103.4
114.6
99.0
115.1
115.9
115.9
107.5
98.2

108.0
108.5
102.6
114.4
98.1
111.8

106.4
109.3
101.4
114.4
97.1
111.6

96.4
97.6
105.0 107.0
96.0
95.5
108.1 106.7
104.7 101.5
101.3 108.6
98.0 112.9
102.9 105.5
102.4 98.0
111.1 82.1

99.8
106.7
98.7
98.3
93.6
114.0

116.7
109.6

94.1
106.5
98.6
113.5
103.5
103.2
102.2
105.1
105.6
112.3

97.4
105.7
96.4
98.8
98.9
111.4

116.4
110.2
103.4

99.8
110.1
98.2
131.3
104.0
101.2
86.8
107.9
109.3
119.1

109.2
102.0
93.0

114.4
104.9

21

1.16

108.9

104.6

105.7

106.9

105.5

104.3

89.5

101.8

109.3

105.8

108.6

100.4

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

1.57
.39
.32
.04
.44
.32
.15
.18
.41
.19

106.3
102.7
104.4
107.1
107.4
109.6
90.3
106.2
115.3
111.8

106.3
105.5
107.3
112.8
109.7
112.9
92.2
95.9
114.1
110.0

106.9
106.8
109.0
113.1
111.1
112.3
99.8
92.3
111.9
104.1

108.2
102.5
103.3
116.1
112.1
113.4
95.3
116.8
111.2
100.0

108.9
108.1
110.0
116.7
115.9
119.0
98.6
96.2
112.1
102.5

108.7
108.5

95.3 100.8
96.2 106.2
96.6 107.7
i 108.7 111.8
I 95.9 91.2
99.1
92.7
80.2
93.9
83.9
91.9
105.1 112.7
90.4 107.3

105.5
106.9
108.1
110.4
103.8
105.3
101.8
90.9
113.9
108.6

107.1
104.9
104.7
114.8
105.5
106.0
94.7
111.5
114.1
104.8

113.4
112.6
113.6
115.7
115.8
113.1
103.4
114.7
115.1
108.6

112.1
114.6
116.2
119.2
120.5
98.3
95.4
115.3
108.4

23

1.80

97.2

96.2

95.8

96.3

96.2

96.7

96.9

93.1

93.9

95.5

94.6

96.5

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

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

108.0
99.0
93.2
114.8
110.8
92.8
146.2

108.6
100.6
94.6
114.6
109.2
91.5
156.3

112.0
102.3
93.8
119.2
113.0
101.1
163.5

113.3
104.7
93.0
119.8
114.0
100.1
160.9

113.6
103.2
95.3
121.5
114.4
101.1
168.0

113.7
103.3
94.0
121.5
114.8
101.1
166.4

102.4
92.8
90.6
109.6
108.7
84.9
123.2

104.1
96.9
87.9
109.6
103.6
88.8
137.3

109.6
101.8
89.1
115.6
106.8
100.6
155.9

111.4
101.7
86.1
118.7
110.4
100.1
163.0

114.0
102.0
86.4
122.9
113.5
102.0
176.2

112.3
99.9
89.8
121.6
115.9
103.0
170.2

Metal mining
Iron ore
Nonferrous ores
Copper
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

Apparel products
Lumber and products
Logging and lumber
Logging
Lumber products
Milrwork and plywood
Plywood
Manufactured homes

202
2021 !
2022
2023
2024
2026

115.0
114.3
117.1
92.7
102.6
112.4
102.1

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




12

114.4
145.3

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

SIC

1996
IP
Proportion 1

T55B
Dec.

_
Index. M>82 = 10u
Seasonally adjusted
[
Not seasonally adjusted
1997
r
Jan.
Mar/
Aor/
Feb.
Mar/
Feb.
Dec.
Apr/
Jan.
Mav

nress ^resr

Mavr

25
251

1.30
.60

110.5
110.3

109.7
109.2

110.3
111.5

111.0
109.9

112.7
112.4

113.8
115.1

108.7
109.7

105.9
106.5

110.7
114.7

109.7
111.5

110.3
111.8

110.5
111.8

26
261-3
261
262
263
266,7
266
267

3.29
1.32
.09
.76
.46
1.97
.73
1.24

111.6
112.6
98.9
110.0
120.5
110.9
114.3
109.1

110.3
111.3
98.3
109.7
117.3
109.6
111.3
108.8

111.1
112.1
106.1
109.0
119.3
110.5
116.2
107.4

112.1
111.8
105.1
110.1
116.9
112.3
116.7
110.0

112.4
111.9
102.4
111.7
115.0
112.6
115.5
111.1

112.8
111.9
99.5
111.9
115.3
113.4
116.2
112.0

106.7
109.1
97.2
107.0
115.5
105.1
102.1
106.7

112.0
112.7
100.2
111.6
117.7
111.5
111.7
111.2

112.9
114.3
106.7
111.1
121.8
112.0
115.6
109.9

111.8
112.2
102.0
110.8
117.1
111.5
114.1
110.0

114.6
112.8
104.2
111.7
116.8
115.8
122.9
111.7

110.8
111.0
97.8
109.6
116.6
110.7
111.7
110.0

P r i n t i n g a n d publishing
27
Newspapers
271
Periodicals, books, and cards 272,3,7
Job printing
274-6,8,9

6.44
1.41
1.91
3.12

99.8
86.0
101.9
105.9

100.5
90.1
98.9
107.0

100.6
92.0
99.6
105.7

99.7
89.0
100.5
104.9

99.8
87.2
101.2
105.7

100.2
87.5
101.5
106.2

97.9
87.8
102.9
100.0

96.3
88.1
98.4
99.3

96.7
93.6
99.6
96.2

96.8
90.0
101.9
96.9

97.4
88.5
103.5
98.2

97.3
85.7
101.6
100.7

28

10.17

114.0

113.7

112.8

112.0

113.5

113.0

108.3

109.9

110.1

109.9

111.9

112.1

281,2,6
281
2812
2816
2819

4.06
.80
.06
.09
.51
.35

108.2
89.4
115.7
102.5
81.6
92.0

109.2
92.0
114.8
94.1
85.8
98.1

109.2
94.0
117.4
101.1
87.3
101.6

109.1
93.1
120.9
96.0
86.4
102.0

109.9
92.5
116.3
103.6
84.9
99.4

108.3
90.4
112.4
96.1
83.4
97.9

104.9
87.3
117.3
98.4
79.6
87.8

107.8
89.8
114.2
93.8
83.0
92.9

110.1
94.8
117.3
101.5
88.0
104.6

109.6
91.1
119.3
94.7
83.7
95.6

112.5
93.0
114.7
110.0
84.6
98.1

108.9
90.2
110.6
98.4
82.8
94.5

282
2821
2823,4
286

1.42
.90
.38
1.84

124.1
126.7
114.6
107.0

123.9
126.7
117.3
107.9

121.5
127.1
108.7
108.5

121.7
127.2
108.8
108.7

124.8
128.2
117.3
108.5

121.7 | 116.9
118.9
106.5 108.8
108.4 105.7

121.3
123.7
114.2
107.8

124.2
129.6
111.2
108.4

123.8
130.0
107.7
109.4

130.5
134.3
120.1
110.3

123.1
107.8
108.7

283-6,9
283
284
286
287

5.50
3.05
1.36
.50
.61

119.1
124.8
106.6
124.2
105.8

118.2
123.3
107.0
122.7
103.3

116.4
122.5
103.5
122.7
103.1

114.9
121.0
102.6
122.2
103.1

117.1
123.2
104.4
122.0
103.7

117.2 !
123.2
104.3!
121.8!
105.6

111.0
117.3
100.9
96.2
105.6

111.8
114.7
104.0
108.1
104,0

110.3
113.5
100.4
120.5
104.0

110.3
113.3
101.0
123.2
103,8

111,6
114.8
99. S
"
130.6
106.8

114.9
119.6
100.6
131.3
105.8

Petroleum products
29
Petroleum refining and misc.
291,9
Miscellaneous petroleum orcxjucts
Distillate fuel oil
Residual fuel oil
Aviation fuel and kerosene
Automotive gasoline
Paving and roofing materials
296

1.75
1.57
.32
.30
.05
.15
.75
.19

107.3
105.7
108.3
115.0
78.7
108.7
102.5
119.3

107.4
105.6
110.6
108.2
89.0
105.1
103.7
121.2

108.6
106.6
111.1
110.1
37.1
108.3
104.5
124.5

108.1
106.5
104.7
112.6
72.1
111.4
106.8
120.0

110.7
109.4
113.4
111.8
70.2
112.3
109.4
119.2

113.3 !
112.5 i
114.7!
120.7
67.7
115.2
111.7
117.6

107.6
106.3
93.1
119.7
84.4
116.0
107.1
116.1

99.8
99.7
88.8
104.9
89.6
111.1
101.2
97.8

100.4
100.0
94.5
103.9
88.4
108.1
100.3
101.3

101.9
101.8
99.6
109.5
71,6
105 J
101.5
100.0

fl
07.8
107.0
1
11 ,-rt
H 0.7
69.1
1Q6.2

109.6

114,8
113.9
12C.3
120.7
67.8
111.3
112.9
119.9

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

3.78
.35
.62
2.81

122.6
115.4
115.8
125.2

121.1
115.4
115.8
123.2

123.1
121.0
115.0
125.3

124.0
129.8
113.1
126.0

122.0
109.1
113.4
125.7

123.3
114.7
112.7
127.0

121.8
97.5
111.4
127.5

119,7
119.4
108.4
122.6

123.3
132.5
114.7
124.2

123.9
132.3
114.1
125.3

122.4
118.2
110.3
126.0

123.0
114.9
113.1
126.6

31
314

.20
.09

80.1
81.2

78.3
79.6

77.6
80.1

78.4
80.7

77.8
79.0

77.0
78.6

80.3
81.3

76.4
78.5

75.7
77.5

78.0
78.8

77.4
77.6

77.1
78.3

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

2.12
.30
.13
.17
.10
1.26

111.3
93.3
i 73.4
105.4
121.0
114.8

112.7
96.7
79.1
112.7
125.6
115.0

112.5
94.5
75.5
119.6
128.8
115.0

113.5
93.4
72.5
123.5
129.3
116.1

113.6
95.0
73.1
113.8
127.6
116.2

113.2
93.9
71.7

106.8
83.1
56.0
80.6
110.5
114.9

105.8
91.7
72.8
66.8
113.5
113.1

107.5
95.8
79.2
82.5
125.3
111.6

110.2
94.1
74.7
100.4
129.3
113.6

113.4
96.4
77.0
116.9
129.1
115.6

114.5
96.3
75.5

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

C h e m i c a l s a n d products
industrial chemicals and
synthetic materials
Sasic chemicals
Alkalies a n d chlorine
Inorganic pigments
Inorganic chemicals, nee
Acids and other
Synthetic materials
Plastics materials
Synthetic fibers
industrial organic chemicals
Chemical products
Drugs and medicines
Soap and toiletries
Paints
Agricultural chemicals

Leather and products
Shoes

126.0
116.0

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




13

5

\J

i

\

130.7
115.4

Table 6 (continued)
INDUSTRIAL PRODUCTION: INDUSTRY SUBTOTALS AND INDIVIDUAL SERIES
1996
Item
Primary metals
Iron and steel
Basic steel and mill products
Basic iron and steel
Pig iron
Raw steel

IP

1

SIC Proportion
33
331,2
331

index. 1 §52 = 160

|

I nrs§5
Dec.

Seasonally adjusted
1997
Feb.
Mar.r Apr/
Jan.

Not seasonally adjusted
r

Mav

HTS5T 1997
Dec.

Jan.

Feb.

Mar/

Apr/

Mavr

3.52
1.88
1.46
.30
.17
.09

| 118.8
116.7
117.5
| 104.1
101.5
112.5

117.8
118.0
121.0
103.4
100.6
111.7

120.0
118.2
119.6
106.0
105.2
112.3

121.3
118.7
120.5
106.8
105.7
114.2

120.2
119.3
121.0
107.3
105.8
115.5

123.6
123.8
127.5
109.4
109.2
115.8

115.5
113.1
113.5
104.2
103.1
109.7

117.1
115.5
119.1
104.5
102.4
112.1

123.7
122.5
124.7
108.3
107.1
116.8

123.3
121.0
122.2
108.7
107.5
117.3

124.6
124.9
127.3
107.9
104,6
119.1

124.5
124.4
128.1
108.2
106.9
115.7

121.5
135.8
112.1
137.7
86.9
119.7
113.7

126.2
136.4
120.0
139.4
122.9
123.2
108.0

123.7
132.3
123.4
138.7
111.5
120.2
113.0

124.6
137.0
122.4
144.8
102.5
120.3
112.3

125.1
121.4
127.9
148.1
113.3
122.8
113.2

132.9 116.2
132.1 117.5
138.6 108.3
157.3 133.8
110.2 111.6
129.9 | 114.5
111.6 111.5

123.3
133.9
123.5
131.3
102.5
120.7
103.9

129.6
142.6
133.1
138.3
106.3
125.7
115.2

126.2
136.3
127.6
137.4
105.6
122.8
116.6

133.0
139.4
134.8
149.7
113.0
129.6
116.7

133.9
140.9
136.8
158.1
115.1
128.6
112.3

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

332

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

Nonferrous metals
Primary nonferrous metals
Copper
Aluminum

333-6,9
333
3331
3334

1.64
.24
.08
.10

121.2
103.8
122.9
88.7

117.6
105.3
122.6
88.7

122.1
105.7
120.9
89.2

124.2
105.9
118.5
89.6

121.2
105.3
116.0
89.5

123.4
107.1
122.2
88.9

118.2
103.2
119.9
89.2

118.9
106.7
122.6
89.2

125.1
109.0
124.8
89.7

126.0
109.3
124.8
89.7

124.2
105.6
115.2
89.2

124.5
107.9
123.8
88.9

Nonferrous products
Nonferrous mill products
Aluminum
Nonferrous foundries

335,6
335
3353-5
336

1.12
.84
.29
.28

122.5
118.2
104.7
136.9

118.0
113.1
89.3
134.3

124.3
120.8
103.8
136.1

126.9
124.1
114.6
136.2

121.8
116.9
96.9
137.9

124.0 118.7
119.8 j 112.1
102.3 90.8
137.9 140.7

120.5
115.9
94.9
135.6

126.9
123.8
109.8
137.2

128.0
125.2
115.2
137.2

125.4
121.6
108.8
138.0

125.5
122.0
104.8
137.2

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

5.28
.16
.54
.47
1.47
2.91
1.67

119.5
91.6
118.9
118.5
125.9
119.2
127.3

119.2
92.2
120.1
120.2
124.7
119.5
128.0

119.5
90.2
118.3
118.3
127.3
119.3
126.4

120.4
93.4
117.6
117.4
128.1
120.4
127.2

120.6
93.4
119.0
118.8
128.2
120.5
127.3

120.9 l
91.9 |
119.2 i
118.7
127.7
121.0
127.7

119.2
82.2
115.4
113.9
128.7
118.4
123.5

115.2
81.4
112.5
111.9
122.5
116.1
121.2

117.8
76.2
117.5
117.6
122.8
120.4
128.0

119.6
88.6
117.4
117.1
124.1
122.2
130.3

118.0
91.5
116.1
115.8
125.0
119.4
125.8

119.7
101.9
117.9
117.2
126.4
120.5
127.1

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

9.51
.47
.45
.99
1.10
.84
1.10
.33
.77
2.45
.90
.64
1.20

162.9
119.3
132.6
152.7
125.9
130.6
115.6
! 115.3
i 115.8
I 332.5
132.2
135.4
136.7

164.7
122.7
140.1
157.7
125.6
131.6
115.0
115.5
114.9
340.3
127.2
127.5
138.0

166.6
121.3
144.4
156.5
124.9
133.2
116.7
116.1
117.0
347.8
135.2
138.3
135.1

167.4
119.5
142.0
153.9
123.7
135.3
115.9
116.8
115.6
354.7
138.9
142.4
135.1

171.2
120.9
153.9
163.8
124.7
136.5
117.3
118.1
117.1
362.2
136.5
139.0
140.2

170.8
123.3
147.7
159.9
126.3
135.6
116.8
117.0
116.8
370.1
130.3
129.2
138.6

157.0
124.8
115.8
138.3
119.8
135.4
112.4
119.4
109.4
329.7
118.4
113.5
130.2

159.2
122.9
146.2
158.6
118.1
132.8
110.5
117.0
107.7
320.9
122.2
120.3
129.5

167.5 169.1
121.8 119.6
162.4 158.5
165.3 163.5
123.7 122.3
133.4 136.1
116.2 115.4
117.3 117.6
115.7 114.5
336.1 344.4
141.7 151.2
147.8 160.4
133.3 133.4

170.2 170.7
118.8 120.3
166.3 156.5
168.1 164.0
120.9 124.1
135.4 134.6
115.1 115.7
117.4 115.9
114.1 115.6
345.2 363.1
152.5 137.8
162.7 140.4
135.7 136.5

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

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

8.58
.95
.30
.51
.09
.10
.11
.21
.05
.09

168.8
112.0
104.8
128.9
130.0
127.5
I 145.7
122.4
101.9
135.6

168.6
112.1
103.4
122.1
115.0
122.5
135.1
120.2
100.7
137.7

172.5
109.7
102.5
124.7
130.4
125.6
127.7
121.3
105.7
139.8

175.2
108.0
101.9
132.8
132.5
132.0
155.8
123.7
108.3
144.3

176.3
109.0
103.1
122.0
115.5
125.8
134.6
118.4
109.8
127.0

179.5
108.1
101.4
127.5
131.1
130.3
132.6
123.2
108.6
138.5

170.0
107.6
99.6
114.8
112.2
92.1
130.0
119.6
105.5
132.2

166.2
107.6
98.0
119,1
112.6
115.6
133.0
117.8
96.5
131.8

172.3
108.9
100.1
133.5
135.6
134.4
148.2
126.8
100.0
151.1

175.1
106.3
97.4
127.8
118.8
137.9
150.2
118.1
104.3
132.9

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

365
366
387
3672-9
369
3691

.19
1.65
3.94
3.87
.89
.11

108.7 92.5
120.1 119.8
i 273.3 277.1
(280.4 283.9
| 127.9 125.1
109.8 113.1

105.8
122.0
287.1
294.1
125.2
110.3

96.8
123.0
295.0
302.7
128.2
119.0

92.4
124.2
300.3
308.1
127.7
119.1

92.6
124.8
308.8
316.9
128.7
121.6

103.5 86.8
126.0 120.6
278.7 275.3
286.6 282.4
132.8 123.6
121.6
97.4

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

37
371

3714
3716

8.41
4.80
1.32
1.26
1.19
.71
.48
2.15
.06

! 109.6 111.9
i 127.9 132.0
104.8 108.6
151.9 154.0
153.7 156.4
164.9 167.0
143.0 146.5
131.8 137.1
101.2 107.7

111.5
129.6
110.6
153.5
155.5
165.0
147.1
130.3
113.9

111.9
128.9
111.5
152.4
153.8
163.8
144.7
129.1
102.3

110.6
125.3
105.0
138.2
138.5
146.1
132.1
133.0
114.0

110.2
123.7
106.5
142.5
142.1
149.6
136.1
125.7
113.7

99.0
103.4
84.9
118.9
119.0
125.4
110.2
108.6
79.6

110.1
127.6
102.6
146.1
148.4
154.1
140.5
136.0
101.4

117.6
142.1
125.1
170.2
172.9
180.1
162.8
139.3
120.3

117.1
138.9
117.6
159.8
161.2
170.0
148.9
143.1
114.8

118.2
140.2
122.7
160.5
161.8
167.2
154.3
141.2
139.1

115.8
134.8
119.1
154.3
154.7
160.2
147.0
135.8
111.9

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

3.62
2.30
.38
.94

93.5
94.2
86.4
92.8

94.8
96.0
85.4
93.6

95.5
97.5
85.3
92.6

96.3
98.5
85.5
93.0

93.3
94.2
88.2
91.4

92.6
93.9
85.6
90.4

93.7
95.0
84.3
92.4

95.7
97.4
85.5
93.7

96.5
98.4
86.4
93.5

96.8
99.3
85.4
93.1

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

I
I
I
|
!
;
I
I
|

91.5
92.0
85.9
90.6

92.2
93.1
86.0
90.5

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




14

175.0
105.6
98.8
133.8
131.8
133.3
155.0
126.0
102.9
146.5

100.8 95.9
121.7 123.0
287.4 296.8
294.6 304.9
123.7 125.2
103.0 104.7

177.9
107.1
98.2
127.6
131.7
139.6
131.3
119.2
107.0
135.7

85.2
87.8
123.6 123.3
299.2 306,9
307.0 314.8
124.8 123.4
101.7 98.1

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

II

1996
Item

, P

1
1

SIC ProoorfJon

—

Seasonally adjusted

1996
Dec.

TW7
Jan.

Feb.

Mar/

Aor/

inda*. um=m
[
^7955"
Mavr
Dec.

Not seasonally adjusted
Jan.

Feb.

Mar/

Aor/

Mavr

38
381-4
384

4.72
3.77
1.45

104.1
100.9
107.5

103.3
100.3
108.0

104.6
101.5
110.2

104.7
101.2
108.8

104.4
101.0
108.6

104.9
101.3
107.5

104.0
100.8
101.8

101.1
97.5
100.0

103.2
99.8
104.2

103.4
99.7
103.3

103.2
99.4
103.7

103.2
99.2
103.6

Misc. manufactures
Consumer goods
Business supplies

39
391,3,4,6
396,9

1.29
.62
.67

116.6
110.7
122.6

116.3
108.9
123.7

117.1
108.6
125.6

116.3
108.1
124.4

116.7
108.9
124.5

116.4
108.1
124.8

117.5
111.9
123.1

112.3
105.6
119.0

114.8
107.0
122.6

115.7
108.2
123.3

115.8
108.5
123.1

115.7
107.2
124.3

Electric utilities
Generation
Fossil fuel
Hydro and nuclear

491,3pt

6.26
2.42
.91
1.51

112.6
111.3
106.9
115.0

113.2
112.8
110.8
115.0

110.9
111.1
104.7
116.2

110.3
111.5
107.0
115.3

113.6
113.0
110.9
115.1

110.1 112.9
109.5! 112.6
104.8
118.3

120.4
118.8
112.2
123.8

111.5
114.7
103.7
122.7

106.3
108.0
98.0
115.2

101.5
103.4
97.7
107.7

102.2
105.9

3.84
1.64
2.21
1.32
.89

113.5
115.5
112.1
116.9
105.8

113.6
114.0
113.4
117.9
107.4

110.8
110.2
111.4
114.8
107.0

109.6
107.9
111.0
114.8
105.8

114.2
115.4
113.4
117.8
107.4

110.6

109.5
115.6
105.2
108.1
101.1

105.3
104.1
106.1
108.2
103.2

100.4
93.1
105.7
106.5
104.6

100.0

109.9

121.5
136.9
111.3
116.7
104.0

106.6

1.81
.80
.35
.48

112.7
109.3
118.3
111.2

110.9
107.7
113.6
110.4

107.6
101.6
109.1
110.1

108.7
102.6
113.2
108.9

112.0

110.8

171.6 155.2
196.3 170.8
185.9 170.9
142.5 132.2

111.4

81.1

Instruments
Scientific and medical
Medical instruments

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

492,3pt

113.3
120.0
108.5
112.4
103.0

165.7 197.1
188.1 232.6
177.7 209.5
139.2 158.4

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

Table 7
INDUSTRIAL PRODUCTION: GROSS VALUE OF PRODUCTS
Billions of 1992 dollars at annual rates, seasonally ad lusted
1996
Item
1992
1996
Q1
Products, total
Final products
Consumer goods
Durable
Automotive products
Other durable goods
Nondurable
Equipment total
Business and defense
Business
Defense and space
Intermsdiateproducts
Construction supplies
Business supplies
Commercial energy products

Q2

Q3

1997
Q1 r

Q4

Q2P

1997
Jan.

Feb.

Mar/

Apr/

Ma/

JuneP

2001.9 2261.9 2221.1 2259.7 2274.1 2291.8 2315.2 2335.0 2302.9 2315.3 2327.5 2324.2 2335.1 2345.6
1562.1 ! 1766.0 1733.5 1765.9 1776.0 1787.9 1808.9 1826.2 1798.4 1808.8 1819.6 1816.1 1825.4 1836.9
1049.6 1166.0 1152.7
238.3 302.7 291.2
123.8 ! 157.6 149.9
114.4
141.4
145.1
811.3 863.9 861.7

1167.4
307.1
160.5
146.6
861.4

1166.7
309.3
163.2
146.1
858.5

1176.4
303.1
157.0
146.1
873.3

1179.6
310.2
164.1
146.1
870.2

1185.0
305.9
157.8
148.1
879.2

1176.3 1177.7 1184.7 1179.6 1185.2 1190.1
305.8 310.6 314.1 301.1 305.7 310.8
163.0 164.6 164.8 164.8 157.3 161.4
149.3 146.3 148.4 149.5
142.9 146.1
870.9 868.0 871.8 878.2 879.6 879.9

502.5 I 599.2
483.9 i 573.9
399.2 509.1
84.7
64.9

580.2
556.9
491.5
64.4

597.7
571.3
505.9
65.4

608.6
583.0
517.7
65.4

610.7
585.7
521.4
64.4

628.6
600.8
537.6
63.3

640.6
610.0
546.6
63.5

621.4
595.2
632.4
62.9

630.4
602.4
639.1
63.4

634.2
604.7
541.3
63.5

636.0
605.9
542.8
63.3

639.6
609.3
546.0
63.5

646.2
614.7
661.0
63.8

496.4
206.0
290.2
80.3

488.1
199.5
288.4
79.6

494.4
205.3
288.9
80.5

498.7
209.6
288.9
79.3

504.3
209.3
294.7
81.6

507.0
211.1
296.6
80.5

509.6
212.7
296.7
81.9

505.1
206.4
298.4
81.3

507.2
211.7
295.2
80.2

608.7
215.2
293.3
80.1

508.7
211.8
296.6
82.5

510.4
213.5
296.7
81.6

609.8
212.7
296.8
81.5

449.9
177.2
272.7
70.4

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

Jan.

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept

Oct

Nov.

Dec.

55.3
34.5
45.5

47.7
65.5
61.4

50.0
64.2
64.7

43.2
52.7
52.5

47.7
58.0
51.5

50.4
64.8

52.7
51.5

58.7
53.4

54.9
50.8

44.7
55.3

47.3
56.8

47.7
57.4

64.0
41.3
66.4

58.7
50.0
59.5

49.6
53.8
66.1

43.6
68.9
59.1

43.2
59.1
55.1

47.3
63.8

48.5
56.4

52.7
61.0

58.0
53.0

51.9
57.2

48.5
S2.3

45.1
56.4

62.1
47.3
66.1

62.9
49.6
61.0

64.4
49.6
63.3

54.9
54.2
59.8

51.1
59.5
57.4

44.3
67.0

44.3
63.6

46.2
60.6

51.1
61.0

47.3
60.2

50.8
60.2

53.0
58.0

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




15

Table 9
ELECTRIC POWER USE: MANUFACTURING AND MINING
Dec.
106.3

Inde
., _ , .
* - 1 j 55 = 100
Seasonally adjusted
NQt seasonally adjusted
1997
1996 1997
Jan.
Feb.
Mar/
Apr/
MavP
Dec.
Jan.
Feb.
Mar/
Apr/
106.4 106.8 105.3 107.0 106.1 104.6 104.1 103.6 104.0 105.6

MavP
105.9

854.0
365.8
488.3
80.1

106.5
104.4
108.2
104.0

106.5
104.8
108.0
104.3

107.0
105.9
107.8
104.4

105.6
104.3
106.6
102.3

107.3
106.8
107.7
102.4

106.5
105.6
107.1
101.3

104.4
102.3
106.1
106.6

103.8
101.9
105.4
107.3

103.6
103.6
103.6
103.8

104.2
104.2
104.2
101.8

105.8
105.7
105.9
102.8

106.2
105.5
106.9
101.5

18.6
7.3
6.6

115.4
113.7
123.7

113.8
119.0
115.1

117.4
129.7
115.7

119.7
131.3
119.0

111.7
117.4
113.9

113.1 I 118.2
116.4 118.6
117.1 124.8

116.5
119.1
119.6

113.3
121.2
114.2

115.8
125.7
113.8

111.8
118.7
112.6

113.9
118.6
115.9

12

12.7

100.6

98.3

95.2

91.8

98.5

97.2

107.1

109.4

108.6

100.4

101.4

95.0

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

13
131
132

36.0
31.0
3.6

94.1
93.7
93.2

95.7
96.2
86.8

96.2
97.8
75.0

93.2
93.3
86.5

94.7
94.4
92.1

92.2
92.1
89.4

96.1
95.5
95.6

99.0
99.3
89.6

93.5
95.2
71.5

92.1
92.5
83.6

94.1
94.1
90.6

91.9
92.1
89.0

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

14
142
144
147

12.8
3.5 !
27 j
4.7

114.0
143.0
112.1
106.5

117.4
150.5
109.0
112.8

115.2
146.8
101.9
111.4

110.3
144.9
108.1
101.2

110.7
147.8
106.5
99.7

109.8
144.5
106.1
98.5

112.8
141.3
110.2
105.3

110.0
124.5
93.9
112.1

107.3
118.9
86.5
111.2

104.6
119.7
94.3
102.6

111.4
144.0
104.5
102.2

113.3
154.8
111.8
99.8

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

20
201 |
202
203
204
205
206
207
208
209

58.8 115.3
10.3 | 124.3
6.8 107.4
113.7
8.1
11.4 123.6
3.5 109.5
4.0 113.8
3.9 110.0
6.1 101.9
4.7 119.5

115.5
124.8
109.4
111.3
125.4
111.1
115.3
111.0
99.9
118.0

115.4
123.3
109.0
115.4
122.3
111.5
117.9
111.8
100.9
116.9

113.8
121.7
105.3
114.7
121.8
108.7
115.7
111.6
100.1
114.9

116.0
125.0
107.6
115.0
124.3
108.6
114.6
110.8
104.1
119.4

114.0
122.1
106.4
113.4
121.5
107.5
111.4
111.0
101.4
118.2

111.5
118.9
100.9
105.8
120.8
103.2
132.6
117.5
93.4
114.9

110.3
118.4
102.8
99.9
122.9
103.5
128.3
120.8
90.7
110.9

107.5
113.2
99.4
102.4
120.0
101.3
122.6
114.9
89.1
107.4

106.4
113.0
98.6
103.8
118.8
100.3
107.3
111.7
91.1
106.5

109.1
117.7
103.8
103.6
121.9
102.0
97.2
108.9
97.5
111.2

110.6
118.8
105.6
106.2
121.9
104.6
97.9
106.2
99.3
114.0

1 5

'

98.8

102.1

92.0

93.5

95.7

95.9

93.2

91.7

92.2

90.6

92.1

91.1

31.5
11.8
8.3
3.4

109.1
99.5
104.3
126.8
116.4
120.5

109.6
102.4
107.5
122.9
112.6
120.8

110.8
103.7
107.0
124.4
114.2
120.4

107.7
100.7
108.1
120.5
110.9
116.7

108.5
101.8
113.5
128.3
108.6
118.1

106.8
100.1
111.7
127.6
107.6
115.8

100.8
91.7
94.5
123.3
106.6
112.9

93.3
87.0
88.4
113.7
94.1
105.7

104.4
97.8
100.4
122.6
107.0
113.5

103.1
96.3
101.1
121.6
106.1
112.7

105.6
98.9
108.0
127.8
105.8
116.4

110.0
103.3
115.0
129.5
111.6
118.8

I
1992
Billion
1387 SIC 1 KWH
934.1

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

Tobacco products

i

21

-

1996

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

22
221-4
225 I
226
228
229

Apparel products
Men's outerwear
Women's outerwear

23
231,2
233

8.2
2.0
2.5

100.3
92.7
98.2

100.5
93.2
98.0

99.1
93.5
91.3

99.9
91.1
96.0

101.7
92.8
97.3

102.0
92.0
95.0

91.9
82.4
88.7

87.4
77.3
85.8

92.4
84.3
84.4

92.1
81.7
87.1

93.6
84.7
89.0

99.4
90.4
93.0

Lumber and products
Lumber
Millwork and plywood

24
242
243

19.8
7.7
5.6

119.9
110.6
132.1

117.2
109.2
131.4

119.4
112.3
133.4

119.5
111.3
130.9

123.1
114.3
134.7

122.3
113.4
136.3

119.7
110.9
131.8

118.5
111.5
131.8

122.7
117.6
136.1

121.1
113.7
132.4

124.3
116.3
136.5

121.1
113.6
134.2

Furniture and fixtures
Household furniture

25 i
251

6.0
3.2

114.6
112.1

113.6
111.0

115.1
113.4

113.4
109.3

117.8
115.0

118.4
117.1

112.7
111.5

109.4
108.3

116.1
116.6

112.6
110.8

115.6
114.3

115.0
113.7

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

26
261
262
263
265
267

113.3
8.8
62.3
28.3
5.1
8.9

103.8
95.4
104.2
104.8
108.1
102.1

103.9
92.6
104.3
106.4
107.3
102.6

100.7
87.8
101.4
100.2
106.0
100.8

99.8
93.8
100.4
97.7
102.9
99.8

100.5
90.3
102.3
96.3
97.8
103.1

99.4
87.2
101.1
98.9
98.1
99.1

103.0
98.3
103.7
103.1
105.4
99.8

103.1
95.0
104.2
105.6
103.5
98.3

99.0
87.2
100.0
99.7
102.2
97.5

98.5
93.4
99.2
97.0
100.3
97.5

99.7
87.2
102.0
96.4
97.0
100.8

98.9
87.1
100.4
97.7
98.1
99.4

Printing and publishing
Newspapers
Commercial printing

27
271
275

17.3
3.6
9.2

112.7
106.3
113.1

113.4
105.4
113.6

112.4
104.7
113.4

110.5
102.3
110.8

112.6
101.2
113.7

112.1
100.5
113.3

107.0
102.7
106.5

105.8
100.6
105.4

102.8
96.7
103.3

102.2
94.6
102.8

105.0
94.8
105.9

106.7
98.0
107.3

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

171.7
78.9
14.9
38.3
14.0
24.3

106.0
100.0
76.4
102.2
100.3
103.2

106.3
101.4
79.4
103.5
98.5
106.0

105.2
100.3
78.0
101.4
100.2
102.0

103.5
98.6
73.8
97.4
97.1
97.6

103.8
97.2
78.2
94.6
95.2
94.3

103.4
96.5
76.2
94.8
99.1
92.7

104.8
99.9
76.9
103.2
101.7
103.9

106.5
102.2
77.8
105.2
101.9
106.8

101.7
96.8
75.3
96.3
97.7
95.6

103.0
99.4
77.0
99.9
95.1
102.3

103.7
98.3
79.8
97.6
95.1
98.8

104.5
99.0
77.4
100.1
98.0
101.1




I

4.1

25

-

16

Table 9 (continued)
ELECTRIC POWER USE: MANUFACTURING AND MINING
I
item

_

1992 1
Billion
138? SIC | KWH I Dec.

Index. 1555 = 100

Seasonally adjusted

I

rms

1997
Jan.

Feb.

Mar/

Apr/

MavP

1996
Dec.

Not seasonally adjusted
1997
Jan.
Feb.
Mar/
Aor/

MavP

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

29.2
18.3
6.7
3.0
39.2
9.7

111.8
124.8
125.8
104.7
106.5
120.8

109.6
118.2
124.3
104.9
108.8
119.5

109.2
117.9
123.6
100.5
109.0
118.3

107.6
116.7
122.0
99.9
111.1
116.8

109.2
119.9
124.4
103.8
112.0
119.1

109.1
119.4
124.4
101.8
110.2
122.8

109.1
122.7
118.3
99.1
105.5
121.8

109.5
117.5
115.7
102.0
109.1
120.2

106.1
114.9
114.6
97.4
106.6
116.5

105.0
115.4
114.4
98.3
110.6
115.5

108.5
120.3
116.0
98.6
111.2
121.1

109.1
119.1
120.8
98.3
109.6
123.4

Petroleum products

29

47.0

105.4

101.5

108.1

110.9

113.2

114.4

107.1

104.9

102.3

106.1

111.4

111.7

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

30
301 !
306
308 |

38.0
4.3
3.2
28.9

123.9
99.6
111.8
130.7

124.1
95.9
112.1
132.0

124.5
101.7
110.9
131.3

121.8
100.7
108.0
128.2

124.1
102.6
110.2
130.9

124.6 118.9
103.1 I 92.8
107.3 107.8
131.8 126.1

114.7
90.4
104.9
121.3

123.0
100.1
110.9
129.6

122.4
100.1
109.3
129.1

123.0
101.8
107.0
130.0

124.8
101.9
107.6
132.3

Leather and products
Shoes

31 I
314

1.0

91.5
90.9

92.2
93.8

90.2
91.8

89.1
37.8

91.2
88.1

91.9
90.0

87.1
84.2

87.4
86.1

89.0
88.8

86.8
83.7

88.8
84.0

90.1
88.3

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

32
321
322
324
325
327

111.0
101.3
101.1
115.2
118.2
107.8

111.1
108.2
100.3
115.8
117.9
106.7

108.7
104.7
101.0
108.2
115.6
108.0

112.3
107.8
104.4
112.0
119.4
109.4

110.2
104.2
101.9
109.2
115.6
108.2

108.7
103.7
97.7
112.6
116.7
110.9

106.2
97.4
97.7
105.1
113.8
105.0

103.9
104.4
99.1
95.1
113.2
101.8

104.1
104.0
100.1
95.2
114.0
104.4

110.2
105.9
103.1
106.9
118.6
108.2

111.8
105.1
102.6
113.7
117.3
108.5

Primary metals
Iron and steel foundries
Primary nonferrous metals
Aluminum
Nonferrous foundries

.3

I
!

33.8

1.5
7 3
-

I
I

1.4
4.7

108.7
104.8
100.2
109.0
116.7
109.9

150.9
33
57.0
331
332 I
9.9
333
66.2
3334
60.3
2.7
336

94.9
106.0
116.3
79.3
65.5
118.2

94.0
105.1
110.6
78.8
64.3
117.5

97.8
110.8
115.8
80.8
69.1
119.6

96.4
109.6
113.9
79.7
65.4
115.7

97.5
111.7
117.0
78.8
65.7
118.2

96.6
112.3
114.7
76.7
63.5
117.0

94.7
104.7
114.1
80.6
66.6
117.0

95.1
107.4
106.4
80.4
66.0
113.7

96.0
111.1
118.1
76.2
63.5
121.0

98.7
113.6
118.2
80.2
66.2
118.1

98.8
113.6
120.6
79.0
65.7
119.4

97.8
114.1
115.5
77.7
66.3
116.3

9.6

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

34
341 |
342
344
345
346

31.4
2.9
2.7
5.4
1.7
6.7

114.1
116.6
109.9
119.0
117.9
122.9

114.5
112.9
111.5
119.5
115.2
126.6

111.0
111.0
109.7
114.7
114.9
123.9

110.2
108.0
107.8
115.6
113.5
122.8

113.9
112.3
111.5
119.3
117.3
127.0

113.4
114.0
110.3
121.5
113.7
127.9

110.1
109.2
105.7
116.9
111.7
120.1

109.5
108.1
103.9
118.7
108.3
119.3

112.0
109.7
109.1
118.1
115.3
125.9

111.8
109.2
107.5
117.9
114.4
126.8

112.3
112.3
108.7
117.3
114.7
126.0

112.0
112.7
108.9
118.5
112.8
127.5

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 I
353 I
354
355
356
357
358

33.2
2.6
2.0
3.8
4.1

106.4
95.4
122.8
110.1
113.7

106.6
92.7
115.7
114.4
113.8

107.0
94.3
112.9
113.3
113.1

104.5
91.6
119.2
109.6
111.1

108.0
95.3
123.4
112.7
114.1

107.1
93.6
121.8
114.7
113.7

102.0
91.6
119.5
106.1
108.2

100.4
89.6
119.9
107.5
107.0

105.6
94.3
121.7
112.0
112.1

103.3
92.3
127.1
108.1
110.0

104.8
95.5
127.6
108.1
110.6

105.8
94.9
123.3
111.2
111.9

5.2
5.1
3.5

105.8
84.8
115.7

105.0
87.1
109.9

108.4
87.0
113.8

104.5
83.7
110.4

107.6
86.6
114.0

106.4
84.8
112.1

100.1
84.2
107.5

98.4
82.2
100.1

107.2
84.2
109.5

103.6
81.4
107.6

104.9
82.6
110.9

105.4
83.3
112.6

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

36
361
362
363
364
365
366
367

33.0
1.3
4.0
2.4
3.0
.8
3.3
14.5

118.9
88.7
86.3
102.4
112.3
133.3
114.7
137.7

119.6
87.3
86.2
104.7
111.9
140.3
115.2
137.4

117.1
86.4
84.6
101.7
112.8
135.3
118.4
134.7

115.6
85.7
82.9
97.5
109.8
130.8
112.3
134.8

119.7
87.5
83.5
103.4
111.5
136.4
114.5
139.4

117.8
84.1
83.1
98.5
112.7
135.2
115.1
136.9

114.9
84.3
83.3
92.5
107.6
129.8
111.3
134.0

112.6
82.8
83.1
97.3
104.6
133.4
107.0
129.7

112.8
84.4
82.3
98.5
111.9
131.0
110.7
128.6

112.6
83.1
81.2
95.5
109.2
128.5
106.9
130.8

115.6
82.7
82.6
99.4
109.4
130.0
109.8
135.0

115.7
81.5
83.1
99.8
113.4
131.9
111.1
134.2

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

37
371
372
373

39.6
22.8
10.7
2.2

103.7
112.9
86.3
88.4

106.9
118.1
86.9
86.9

107.1
120.3
83.7
86.6

104.9
117.2
82.6
85.0

107.9
121.0
85.3
81.7

106.3 1 99.0
119.3 107.6
83.7
82.7
86.3
88.0

100.6
110.6
81.9
87.1

104.5
116.6
81.7
88.9

104.1
116.7
80.7
86.1

104.9
117.3
82.7
81.9

105.4
118.2
82.7
83.5

Instruments
Photographic equip. & supplies

38
386

13.7
1.8

100.2
91.6

102.0
96.3

101.9
95.8

99.4
90.9

102.7
97.1

100.1
94.1

95.2
87.8

95.9
94.1

97.2
93.7

96.2
92.4

97.1
90.2

96.5
91.6

39

4.5

132.0

130.3

130.6

126.2

131.8

130.5

124.8

121.3

127.3

123.2

126.6

128.3

909.8
835.3
98.8

106.5
106.7
98.9

106.4
106.7
97.0

107.0
107.5
99.3

105.7
105.6
99.1

107.5
107.3
101.1

106.7
106.2
101.9

104.6
104.6
103.8

104.0
104.1
103.8

104.0
104.2
95.3

104.1
104.3
100.6

105.9
106.0
99.1

106.1
106.4
98.4

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




17

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

Production

Coverage. The industrial production (IP) index measures output in the
manufacturing, mining, and electric and gas utilities industries; the reference period
for the index is 1992. For the period since 1992, the total IP index has been
constructed from 264 individual series based on the 1987 Standard Industrial
Classification (SIC). These individual series are classified in two ways: (1) market
groups (shown in table 1), such as consumer goods, equipment, intermediate
products, and materials; and (2) industry groups (shown in tables 2 and 6), such as
two-digit SIC industries and major aggregates of these industries—for example,
durable and nondurable manufacturing, mining, and utilities.
Market groups. For purposes of analysis, the individual IP series are grouped into
final products, intermediate products, and materials. Final products are assumed to be
purchased by consumers, businesses, or government for final use. Intermediate
products are expected to become inputs in nonindustrial sectors, such as
construction, agriculture, and services. Materials are industrial output requiring
further processing within the industrial sector. Total products comprise final and
intermediate products, and final products are divided into consumer goods and
equipment.
Timing. The first estimate of output for a month is published around the 15th of the
following month. The estimate is preliminary (denoted by the superscript "p" in
tables) and subject to revision in each of the subsequent three months as new source
data become available. (Revised estimates are denoted by the superscript "r" in
tables.) After the fourth month, indexes are not revised further until the time of an
annual revision or a benchmark revision. The last three benchmark revisions were
published in 1990,1985, and 1976.
Source data. In annual or benchmark revisions, the individual IP indexes are
constructed from a variety of source data, such as the quinquennial Censuses of
Manufactures and Mineral Industries and the Annual Survey of Manufactures,
prepared by the Bureau of the Census; the Minerals Yearbook, prepare*3 by the
Department of the Interior, and publications of the Department of Energy. On a
monthly basis, the individual indexes of industrial production are constructed from
two main types of source data: (1) output measured in physical units and (2) data on
inputs to the production process, from which output is inferred. Data on physical
products, such as tons of steel or barrels of oil, are obtained from private trade
associations as well as from government agencies including those listed above; data
of this type are used to estimate monthly IP where possible and appropriate. When
suitable data on physical product are unavailable, estimates of output are based on
either production-worker hours or electric power use by industry. Data on hours
worked by production workers are collected in the monthly establishment survey
conducted by the Bureau of Labor Statistics. The data on electric power use are
described below. The factors used to convert inputs into estimates of production are
based on historical relationships between the inputs and the comprehensive data used
to benchmark the IP indexes; these factors also may be influenced by technological
or cyclical developments. Especially for the first and second estimates for a given
month, the available source data are limited and subject to revision.
Weights. In the index, series that measure the output of an individual industry are
weighted according to their proportion in the total value-added output of all
industries. The industrial production index, which extends back to 1919, is built as an
annually weighted chain-type index since 1977. The components of IP are combined
using estimates of value added per unit of output. For months from January to June,
the weights are drawn from the year containing the month being estimated and the
preceding year; for months from July to December, the weights are drawn from the
current and following year. The IP proportions shown in column 1 of tables 1 A, 2A,
and 6 are estimates of the industries' relative contributions to overall growth in the
following year. For example, a 1 percent increase in durable goods manufacturing in
1997 would account for an increase in total IP of nearly 1/2 percent.

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

Utilization

Definition. Capacity utilization is calculated for the manufacturing, mining, and
electric and gas utilities industries. For a given industry, the utilization rate is equal to
an output index divided by a capacity index. Output is measured by seasonally
adjusted kdexes of industrial production. The capacity indexes attempt to capture
the concept of sustainable practical capacity, which is defined as the greatest level of
output that a plant can maintain within the framework of a realistic work schedule,
taking account of normal downtime, and assuming sufficient availability of inputs to
operate the machinery and equipment in place. The 76 individual capacity indexes
are based on a variety of data, including capacity data measured in physical units
compiled by trade associations, surveys of utilization rates and investment, and
estimates of growth of the capital input.
Groups. Estimates of capacity and utilization are available for a variety of groups,
including primary and advanced processing industries within manufacturing,
durable and nondurable manufacturing, total manufacturing, mining, utilities, and
total industry. Component industries of the primary and advanced processing groups
within manufacturing are listed in the note on tables 2 and 3 of the release.
Weights. Although each utilization rate is the result of dividing an IP series by a
corresponding capacity index, aggregate utilization rates are equivalent to
combinations of individual utilization rates aggregated with proportions that reflect
current capacity levels of output valued in current-period value added per unit of
actual output. The implied proportions of individual industry operating rates in the
rate for total industry for the most recent year are shown in the first column of table 3.
Perspective. The historical highs and lows in capacity utilization shown in the tables
above are specific to each series and did not all occur in the same month. Industrial
plants usually operate at capacity utilization rates that are well below 100 percent:
none of the broad aggregates has ever reached 100 percent. For total industry and
total manufacturing, utilization rates have exceeded 90 percent only in wartime.
Electric Power
Data on electric power (expressed in kilowatt hours) are collected by the Federal
Reserve District Banks from electric utilities and also from manufacturing and
mining establishments that generate electric power for their own use (cogenerators).
The indexes of power use shown in table 9 are sums of kilowatt hours used by an
industry or industry group expressed as a percentage of that industry's or group's
usage in 1992. The first column of the table shows, for reference, electric power use
in billions of kilowatt hours as reported by manufacturing and mining industries in
the 1992 censuses of those industries. The supplementary group, "Total, less nuclear
nondefense," is shown separately because the value-added proportion for the
nondefense nuclear material series (part of SIC 2819) in total IP is considerably
smaller than its share of total electric power use. Excluding this component from total
power use facilitates comparisons with total IP.
References
The annual revision published in January, including a description of the aggregation
methods for industrial production and capacity utilization, is described in the Federal
Reserve Bulletin, vol. 83 (February 1997), pp. 67-92. In addition, the most recent
revision to the electric power use data is discussed in that article.
Industrial Production—1986 Edition contains a more detailed description of the
other methods used to compile the industrial production index, plus a history of its
development, a glossary of terms, and a bibliography. To obtain Industrial
Production—1986 Edition ($9.00 per copy), write to Board of Governors of the
Federal Reserve System, Publications Services, Washington, DC 20551. The major
revisions to the IP indexes and capacity utilization since 1990 have been described in
the Federal Reserve Bulletin (April 1990, June 1990, June 1993, March 1994,
January 1995, and January 1996). The basic methodology used to estimate capacity
and utilization is discussed in the June 1990 Federal Reserve Bulletin.

Seasonaiadjustment Individual series are seasonally adjusted by the X-l 1ARIM A
method, developed at Statistics Canada. For series based on production-worker
hours, the current seasonal factors were estimated with data through October 1996;
for other series, the factors were estimated with data through at least June 1996. In
some cases, series were preadjusted for the effects of holidays or the business cycle
before using X - l l ARIM A. For the data since 1977, all seasonally adjusted
aggregate indexes are calculated by aggregating the seasonally adjusted indexes of
the individual series.

Release Schedule for 1997

Reliability. The average revision to the level of the total IP index, without regard to
sign, between the first and the fourth estimates was 0.28 percent during the 1987-96
period. The average revision to the percent change in total IP, without regard to sign,

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




18