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FEDERAL RESERVE statistical release ;
G.17 (419)

For release at 9:15 a.m. (EDT)

June 14,1996

INDUSTRIAL PRODUCTION AND CAPACITY UTILIZATION

Industrial production advanced 0.7 percent in May as it had in April. A portion of the increase reflected a
spurt in electricity generation related to the unusual weather in May. Excluding the 3 percent gain in utilities production,
the index of industrial production rose 0.5 percent, led by sizable gains in business equipment and durable goods
materials. At 125.3 percent of its 1987 average, total industrial production was 3.2 percent higher than it was in May
1995. Industrial capacity utilization rose 0.3 percentage point in May, to 83.2 percent.
Market Groups
The output of consumer goods rose 0.4 percent in May largely because of the jump in residential electricity
sales. The production of automotive products, which had rebounded 11.8 percent in April from a strike-induced drop,
moved up another 0.6 percent in May. After all the recent volatility, the index for automotive products in April and May
was in the upper end of the range that has prevailed during the past two years. The production index for other durable
(over)

INDUSTRIAL PRODUCTION AND CAPACITY UTILIZATION: SUMMARY
Seasonally adjusted
Index, 1987=100

Percent change

1996
F e b .r

Mar/

Apr/

MayP

124.2
123.9

123.6
123.4

124.4
124.5

Major market aroups:
Products, total
Con sum er goods
Business equipment
Construction supplies
Materials

120.7
116.6
164.8
109.3
129.4

120.0
115.3
163.0
111.0
129.2

Major industry aroups:
Manufacturing
Durable
Nondurable
Mining
Utilities

126.2
137.5
113.8
98.0
126.6

125.2
135.7
113.6
101.1
127.9

Industrial Production
Total index
Previous estimates

A pr/

MayP

M ay 95 to
M ay 96

-.5
-.5

.7
.9

.7

3.2

1.8
1.7
2.7
1.9
.7

-.6
-1 .1
-1 .1
1.6
-.2

.8
.7
2.1
-.6
.5

.6
.4
.8
.3
.9

3.4
2.1
8.7
3.9
2.9

1.4
1.9
.7
.9
.8

-.8
-1 .3
-.2
3.2
1.1

1.1
2.2
-.4
-1 .3
-1 .8

.5
.8
.2
.0
3.1

3.3
6.6
-.9
-.7
6.0

1996
Feb/

Mar/

125.3

1.3
1.2

120.9
116.1
166.4
110.4
129.8

121.6
116.5
1677
110.7
131.0

126.5
138.6
113.2
99.8
125.6

127.2
139.7
113.4
99.8
129.4

Capacity
growth

Percent of Capacity

Capacity Utilization
Total industry

Average
1 9 6 7 -9 5

1982
Low

1 9 8 8 -8 9
High

1995
May

1996
Feb/

Mar/

Apr/

MayP

M ay 95 to
M ay 96

82.1

71.8

84.9

83.7

83.3
83.1

82.6
82.5

82.9
83.0

83.2

3.9

81.4
80.7
82.6
87.4
86.9

70.0
71.4
66.8
80.6
76.2

85.2
83.5
89.0
86.5
92.6

82.8
80.8
87.8
89.7
90.6

82.3
81.1
84.9
87.6
93.1

81.3
79.6
85.2
90.4
93.9

81.9
80.5
85.0
89.2
92.1

82.0
80.6
85.2
89.2
94.8

4.3
5.1
2.6
-.1
1.3

Previous estimates
Manufacturing
Advanced processing
Primary processing
Mining
Utilities




consumer goods has changed little in the past two months and approximately equaled its average level in both 1994 and
1995. The output of consumer nondurable goods, which dropped 0.6 percent in April, advanced 0.4 percent in May,
reflecting the surge in utility output for residential use; among other consumer nondurables, production was flat overall
and has changed little since last summer.
The index for business equipment climbed 0.8 percent. The production of computer and office equipment
continued to advance strongly; the gain over the past twelve months totaled nearly 40 percent. The output of industrial
equipment turned up after having eased for two months. The index for transit equipment fell 0.8 percent as truck
production fell back. The production of farm and service industry equipment declined as well.
The output of construction supplies advanced 0.3 percent. So far this year, this sector has extended the
recovery that began last fall. In the past three months average output was 1.5 percent higher than in the fourth quarter.
The production of materials increased 0.9 percent in May after a gain of 0.5 percent in April. The strength was evident in
durable goods materials, particularly semiconductors, computer parts, miscellaneous plastics materials, and parts used to
make motor vehicles. The output of nondurable goods materials increased 0.2 percent. The production of energy
materials rebounded 1.3 percent, with the gain centered in electricity generation and coal mining.
Industry Groups
Manufacturing output advanced 0.5 percent after a gain of 1.1 percent in April. The strength continued to be
centered in durable manufacturing, which climbed 0.8 percent. Production increased 1 percent or more for computers,
furniture, and electrical machinery. The output of nondurables rose 0.2 percent but remained nearly 1 percent lower than
a year ago. The output of paper and products, which had fallen sharply in the second half of 1995 and early this year, has
improved a bit in recent months. Production of textiles and rubber and plastics products rebounded from a sharp decline
in April. Production in mining did not change, and the output at utilities jumped 3.1 percent.
The factory operating rate edged up 0.1 percentage point, to 82.0 percent, the same level as in the fourth
quarter. The utilization rate in advanced-processing industries is close to its 1967-95 average, while the rate in the
primary-processing grouping, at 85.2 percent, is 2-1/2 percentage points above its long-run average. Among
primary-processing industries, utilization rates remain on the high side for lumber and products, primary metals and
fabricated metal products, petroleum refining, and rubber and plastics products; rates are below average for paper and
textile mill products. In mining, the utilization rate remained at 89.2 percent, with gains in coal mining and oil and gas
well drilling and declines in other categories. The operating rate for utilities rose 2.7 percentage points, to 94.8 percent.
The electric utility industry operated at a high level on a seasonally adjusted basis; generation has grown more than
generating capacity in recent years.




2

INDUSTRIAL PRODUCTION AND CAPACITY UTILIZATION
Seasonally adjusted

May data
Industrial production indexes

Twelve-month percent change

Twelve-month percent change

5
0

-5
-10
10

5
0

-5
1990

1992

1994

1996 1990

1994

1996

-10

Manufacturing

Total industry
Ratio scale, 1987 production = 100




1992

Ratio scale, 1987 production = 100

90
85
80
75
70
65
3

Table 1A
IND USTRIAL P R O D UCTIO N : M A R K ET GROUPS
Index. 1987=100
1992
Value
Index
a d d ed1

1995
Dec.

100.0

107.7

122.8

122.5

124.2

60.6
46.3

106.4
108.7

119.2
122.1

118.6
121.9

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

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

115.7
126.3
132.8
132.1
99.5
190.6
132.7
120.5
141.9
107.4
118.3
113.2
110.6
89.7
136.5
106.3
119.5
108.6
124.1

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

112.5
123.4
137.8
172.6
105.7
135.8
112.9
103.3
84.8
79.9
94.2

14.3
5.3
9.0

Materials
Durable

Item

Total index
Products, total
Final products
Consum er goods
Durable
Automotive products
Autos and trucks
Autos
Tru ck s
Auto parts and allied goods
O th e r durable goods
Appliances, T v s . and air-cond.
Carpeting and furniture
Miscellaneous

Nondurable
Foo ds and tobacco
Clothing
Chem ical products
Pa per products
E n e rg y products
Fuels
Utilities

Equipment, total
Business equipment
Information processing & related
C o m p u te r and office
Industrial
Transit
Autos and trucks
O th e r

Defense and space equipment
Oil and gas well drilling
Manufactured h om es

Intermediate products
Construction supplies
Business supplies

C o n s u m e r parts
E qu ip ment parts
Othe r
Basic metals

Nondurable
Textile
Pape r
Chem ical
O ther

Energy
Primary
C onv er te d fuel

Seasonallv Adjusted
1996
Aor/
Jan.
Mar/
Feb.r
123.6

120.7
124.5

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

132.3
158.4
209.4
431.7
129.5
124.5
135.3
121.7
62.0
83.8
164.4

99.3
95.2
102.0

39.4

MavP

1995
Dec.

Not seasonallv adjusted
1996
Jan.
Feb/
Mar/
ADr/

MavP

124.4

125.3

121.0

121.1

123.9

123.2

122.3

123.5

120.0
123.5

120.9
124.9

121.6
125.6

116.7
119.8

116.6
120.2

119.8
124.3

118.9
122.9

118.2
122.0

119.2
123.2

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

115.3
119.3
120.3
111.1
77.0
173.1
137.3
118.4
135.9
107.2
116.9
114.4
112.2
89.0
136.8
105.8
123.8
112.2
128.7

116.1
126.0
134.5
135.9
104.1
192.7
130.0
118.5
139.9
104.4
117.0
113.7
112.2
88.7
134.6
106.3
121.3
112.2
125.1

116.5
126.4
135.2
135.9
107.1
187.0
132.3
118.7
137.6
105.0
118.0
114.1
111.9
88.6
134.8
107.0
124.8
113.0
129.8

112.6
116.8
118.5
114.3
88.8
159.9
125.3
115.4
125.0
100.5
119.9
111.7
104.4
87.1
128.3
107.0
142.7
113.5
155.2

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

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

114.8
124.7
129.4
124.2
86.3
193.2
138.4
120.7
146.5
108.1
116.1
112.5
107.9
87.2
129.7
107.2
134.4
106.1
146.5

113.1
129.4
140.4
143.1
109.6
203.2
133.2
119.7
142.6
108.1
115.9
109.2
107.5
86.7
127.6
107.1
112.7
110.9
113.3

113.5
128.8
141.0
145.0
114.3
199.5
131.1
118.2
140.8
102.7
117.0
109.8
109.5
88.9
131.1
106.7
103.7
113.8
99.2

133.7
160.5
213.3
442.9
129.6
128.1
129.1
122.1
61.6
85.1
158.1

137.3
164.8
220.5
463.3
131.3
133.2
136.0
123.5
63.1
89.7
157.8

136.7
163.0
222.8
481.0
130.5
120.4
113.6
122.5
64.0
96.3
168.2

139.3
166.4
225.5
495.4
130.1
135.3
140.0
122.3
63.8
100.6
170.7

140.4
167.7
229.3
506.5
130.6
134.2
138.6
121.0
64.0
104.3
172.4

131.4
156.2
208.7
425.7
128.6
115.0
117.4
122.0
64.0
92.9
135.8

129.9
155.0
204.5
415.3
125.5
124.3
123.6
120.5
62.2
86.5
140.0

136.2
163.5
215.1
454.1
129.8
140.1
148.6
123.8
63.3
85.7
153.8

135.9
162.3
218.0
468.3
129.6
128.1
126.5
122.8
64.4
87.6
170.6

136.4
163.1
217.7
471.3
127.0
138.9
147.0
122.1
63.3
91.0
176.3

139.1
166.5
225.4
495.9
128.7
139.6
146.1
121.2
63.7
94.1
176.6

110.1
110.5
110.0

108.5
107.2
109.6

109.3
109.3
109.5

109.4
111.0
108.5

108.7
110.4
107.9

109.4
110.7
108.7

107.4
104.9
109.1

105.7
100.7
109.0

106.2
104.3
107.6

106.9
108.3
106.3

106.5
110.1
104.4

107.2
111.7
104.5

109.7

128.4

128.5

129.4

129.2

129.8

131.0

127.6

128.0

130.3

129.8

128.8

130.0

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

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

144.8
139.3
170.8
127.2
126.6
117.4
103.3
115.2
121.9
118.9
106.0
101.0
116.2

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

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

145.7
132.3
177.3
127.4
124.2
116.2
103.1
112.9
121.6
116.4
108.3
104.0
117.0

147.7
142.3
177.9
127.1
123.5
116.1
100.8
113.3
121.6
117.1
106.7
102.1
115.8

149.1
143.9
180.2
127.7
123.3
116.4
102.6
114.9
121.0
116.9
108.1
103.3
117.8

144.4
136.9
174.2
124.8
124.7
112.5
95.0
111.6
118.7
111.9
107.9
102.5
118.8

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

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

146.3
135.3
177.6
127.3
126.6
117.3
106.1
114.2
122.6
116.5
108.5
104.5
116.5

146.9
141.7
175.9
127.0
125.7
117.2
102.7
112.1
123.8
117.5
103.6
100.5
109.9

149.2
146.9
179.0
127.4
123.7
115.7
105.9
111.9
120.6
115.2
105.1
101.9
111.2

97.2
95.2
98.2

107.8
107.7
106.2

122.5
121.9
118.5

122.4
121.9
118.0

123.8
123.3
119.5

123.9
123.7
118.7

124.0
123.4
119.4

124.9
124.3
120.1

121.2
120.5
116.7

121.1
120.6
116.9

123.2
122.7
119.3

123.2
122.9
118.5

121.7
121.1
117.6

122.8
122.1
118.4

27.0
25.7

106.7
105.8

114.7
115.3

114.0
113.9

115.5
115.9

115.6
114.3

114.8
115.5

115.2
115.5

112.5
109.2

113.9
108.7

115.0
113.3

114.3
112.7

111.2
113.2

111.4
114.6

12.5
12.2

124.3
115.1

160.5
131.3

163.5
132.6

167.5
135.5

167.9
132.3

168.9
134.7

170.5
135.1

160.0
129.4

158.0
129.0

164.8
134.9

165.8
132.5

164.5
133.1

168.4
134.7

29.7

111.9

136.4

136.6

137.8

136.7

138.1

139.1

134.6

134.5

137.9

137.4

137.8

139.0

S P E C IA L A G G R E G A TE S
Total excluding:
Autos and trucks
Motor vehicles and parts
C o m p u te r and office equipment

Consum er goods excluding:
Autos and trucks
E nerg y

Business equipment excluding:
Autos and trucks
C o m p u te r and office equipment

Materials excluding:
E n e rg y

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




4

Table 1B
INDUSTRIAL PRODUCTION: M A R K ET GR O UPS
Percent change

Item

Total index
Products, total
Final products

1994Q4
to
1995Q4
1.6

Seasonally adjusted
annual rate
1996
1995
Q2
Q3
Q4
Q1r
-1.4

3.2

.6

3.0

Seasonally adjusted
1996
ADr/ MavP
Feb/ Mar/

Not seasonally adjusted
1996
Feb /
Mar/
ADr/ MavP

May 95
to
Mav96

1.3

-.5

.7

.7

2.3

-.6

-.7

.9

3.2

.8
1.2

.6
.5

2.7
3.4

-.7
-1.1

-.7
-.7

.9
1.0

3.4
4.2

1.0
1.3

-2.1
-1.5

3.9
4.1

-.4
-1.0

3.5
5.1

1.8
2.1

-.6
-.8

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

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

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

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

-.1
-10.0
-12.1
-20.6
-34.8
-3.3
6.7
-8.0
-18.7
-6.8
-2.3
2.8
2.6
-9.3
5.8
-5.7
16.4
10.9
18.7

1.7
3.9
5.7
7.6
7.4
7.8
2.0
2.2
4.0
2.3
1.3
1.1
1.3
2.3
.0
1.0
1.4
2.9
.8

-1.1
-4.6
-9.6
-16.8
-22.7
-11.0
5.1
.3
-1.1
3.6
-.7
-.2
.1
-1.4
-.9
-.2
1.0
.4
1.2

.7
5.6
11.8
22.3
35.1
11.3
-5.3
.1
2.9
-2.6
.1
-.6
.0
-.3
-1.6
.5
-2.0
.0
-2.8

.4
.3
.6
.0
2.9
-3.0
1.8
.1
-1.6
.6
.8
.4
-.3
-.1
.1
.7
2.9
.7
3.7

2.4
11.6
17.6
24.6
25.2
23.9
4.6
5.9
12.3
6.3
2.3
.1
1.9
6.6
-.2
2.6
-8.6
.2
-10.8

-1.7
-3.6
-8.2
-14.6
-21.7
-7.3
6.2
1.1
.8
2.7
.4
-1.2
.6
-.6
.8
.3
-9.4
-.4
-12.0

-1.5
3.7
8.5
15.3
27.0
5.2
-3.8
-.8
-2.6
.0
-.2
-2.9
-.3
-.5
-1.6
-.1
-16.1
4.5
-22.6

.3
-.4
.4
1.3
4.3
-1.8
-1.5
-1.3
-1.3
-5.0
.9
.5
1.8
2.5
2.8
-.3
-8.0
2.6
-12.5

2.1
4.0
6.4
6.7
7.7
5.6
5.9
1.7
4.9
1.9
-.1
1.5
.3
-8.4
5.8
.5
7.7
4.4
9.1

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

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

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

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

13.2
14.8
22.5
50.6
4.3
17.7
-23.7
4.5
-1.1
37.4
-.9

2.7
2.7
3.4
4.6
1.3
4.0
5.3
1.1
2.5
5.5
-.2

-.5
-1.1
1.0
3.8
-.6
-9.6
-16.4
-.8
1.4
7.3
6.6

1.9
2.1
1.2
3.0
-.3
12.4
23.2
-.2
-.3
4.5
1.5

.8
.8
1.7
2.2
.4
-.8
-1.0
-1.0
.3
3.7
1.0

4.9
5.5
5.2
9.3
3.4
12.7
20.2
2.7
1.8
-.9
9.9

-.2
-.7
1.4
3.1
-.2
-8.6
-14.9
-.8
1.8
2.2
10.9

.3
.5
-.2
.6
-1.9
8.4
16.2
-.6
-1.8
3.9
3.4

2.0
2.1
3.5
5.2
1.3
.5
-.6
-.7
.7
3.3
.2

7.3
8.7
18.3
39.9
3.2
-3.9
.6
-1.4
-4.2
15.2
16.2

-.1
-.4
.0

-4.2
-7.8
-1.8

3.3
1.1
4.7

1.6
6.0
-1.1

-1.7
.1
-2.7

.7
1.9
-.1

.1
1.6
-.9

-.6
-.6
-.6

.6
.3
.8

.5
3.6
-1.3

.7
3.8
-1.2

-.4
1.7
-1.7

.6
1.4
.1

1.1
3.9
-.7

M
aterials

2.4

-.3

2.1

2.0

2.3

.7

-.2

.5

.9

1.8

-.4

-.8

.9

2.9

Durable

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

-1.1
-14.4
12.7
-5.9
-4.8
-1.0
-8.1
4.2
-.8
-2.1
2.7
1.5
4.9

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

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

4.4
-3.8
11.5
1.8
-5.8
-5.2
-12.5
-12.3
-3.0
1.2
4.0
3.3
5.3

1.0
.3
2.7
-.3
-1.6
.4
1.4
-.1
-.3
1.6
.2
.8
-.9

-1.1
-6.2
.6
-.3
.4
.1
1.3
-.4
.2
-.5
2.1
2.6
1.3

1.4
7.6
.3
-.3
-.5
-.1
-2.2
.3
.0
.6
-1.5
-1.8
-1.0

1.0
1.1
1.3
.5
-.2
.2
1.8
1.5
-.5
-.2
1.3
1.1
1.7

2.9
4.4
2.9
2.2
1.2
1.5
2.7
.2
2.3
.6
-1.0
.7
-3.9

-.5
-5.2
.9
.4
.5
.2
2.5
-1.4
-.4
1.6
-.5
.1
-1.6

.4
4.7
-.9
-.2
-.7
-.1
-3.2
-1.9
1.0
.9
-4.5
-3.9
-5.7

1.6
3.6
1.8
.4
-1.6
-1.3
3.1
-.2
-2.6
-2.0
1.4
1.5
1.2

6.7
5.9
12.4
1.7
-1.8
-4.7
-9.0
-8.5
-4.1
-.1
.9
1.0
.7

1.7
1.8
.6

-.7
-.3
-2.4

3.2
3.3
2.5

.8
.7
-.8

3.9
4.5
1.4

1.2
1.2
1.2

.1
.3
-.6

.1
-.2
.6

.7
.7
.6

1.7
1.7
2.1

-.1
.2
-.7

-1.2
-1.4
-.8

.9
.8
.7

3.2
3.2
2.0

.8
-.1

-1.2
-3.8

4.2
2.5

-.1
.5

1.6
-1.9

1.3
1.7

.1
-1.4

-.7
1.0

.4
.1

.9
4.2

-.6
-.6

-2.7
.5

.2
1.2

1.7
1.4

5.6
-1.2

3.7
-4.1

6.2
2.6

2.0
-8.1

18.8
7.0

2.5
2.2

.2
-2.4

.6
1.8

.9
.3

4.3
4.5

.6
-1.7

-.8
.4

2.4
1.2

9.4
2.0

3.1

-1.1

2.4

4.3

1.8

.8

-.8

1.0

.8

2.5

-.3

.3

.8

3.5

Consumer goods
Durable
Automotive products
Autos and trucks
Autos
Trucks
Auto parts and allied goods
Other durable goods
Appliances, TVs, and air-cond.
Carpeting and furniture
Miscellaneous

Nondurable

Foods and tobacco
Clothing
Chemical products
Paper products
Energy products
Fuels
Utilities

Equipment, total
Business equipment

Information processing & related
Computer and office
Industrial
Transit
Autos and trucks
Other

Defense and space equipment
Oil and gas well drilling
Manufactured homes

Intermediate products
Construction supplies
Business supplies

Consumer parts
Equipment parts
Other
Basic metals

Nondurable
Textile
Paper
Chemical
Other

Energy

Primary
Converted fuel

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

Consumer goods excluding:
Autos and trucks
Energy

Business equipment excluding:
Autos and trucks
Computer and office equipment

M
aterials excluding:
Energy

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




5

iw

Item

100.0

II

o
o

-------------------------------------------------------------------- IF d e T T
_____ 1222_____ ____________ Seasonally Adjusted_____________
Value
1995
1996
SIC added1
Dec.
Index
Jan.
Mar/
Aor/ Mayp

00

Table 2A
INDUSTRIAL P R O D U CTIO N : INDUSTRY GROUPS
1995
Dec.

Not seasonallv adjusted
1996
Feb/
Mar/
Jan.
Apr,r . MavP

122.8

122.5

124.2

123.6

124.4

125.3

121.0

121.1

123.9

123.2

122.3

123.5

85.4

108.2. 124.8

124.5

126.2

125.2

126.5

127.2

121.5

120.7

124.7

124.4

125.0

126.5

Primary processing
Advanced processing

26.6
58.9

104.8
109.7

117.3
128.4

116.7
128.2

116.3
131.0

116.9
129.1

116.9
131.1

117.4
131.8

113.8
125.2

114.1
123.8

115.8
128.9

116.8
128.0

117.1
128.7

117.1
130.9

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

45.0

134.8
106.9
109.3
104.3

134.9
103.1
109.3
105.5

137.5
103.3
110.5
104.1

135.7
107.4
108.7
103.0

138.6
109.5
109.0
104.3

139.7
108.8

131.2
99.5
105.5
99.3

137.3

2.1

109.3
95.2
99.2
95.3

109.8
100.4

136.5
106.4
107.4
101.3

137.6
108.4
107.8
104.0

139.7
108.3
108.0
105.9

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

3.1
1.7

101.9
104.7

120.0

121.5
128.1
113.9
113.0
115.6
'
191.9
442.9
182.4

117.1
119.5
112.5
113.6
117.0

117.1

120.5
123.7
117.1
116.0
114.6

120.1

121.0

118.9

123.8
118.6
115.1
115.4

125.3
115.4
115.2
113.7

120.8

Total index
Manufacturing

Transportation equipment
37
371
Motor vehicles and parts
Autos and light trucks
372-6,9
Aerospace and misc.
Instruments
38
39
Miscellaneous
Nondurable
Foods
Tobacco products
Textile mill products
Apparel products
Paper and products

20
21
22
23
26

Printing and publishing
Chemicals and products
Petroleum products
Rubber and plastics products
Leather and products
Mining
Metal mining
Coal mining
Oil and gas extraction
Stone and earth minerals
Utilities
Electric
Gas

27
28
29
30
31

10
12

2.0
1.4

107.7

506.5
190.8

186.2
425.7
183.9

183.7
415.3
179.8

195.1
454.1
187.6

198.8
468.3
187.8

196.4
471.3
186.0

112.1

102.9
121.3
109.9
85.2
113.0
124.0

114.3
144.3
135.5
85.5
112.7
122.7

114.8
145.0
135.8
85.7
113.7
122.5

105.4
130.7
114.1
81.1
109.8
124.4

106.2
131.2
116.2
82.2
108.6
118.5

115.9
148.9
144.8
84.2

107.4
130.0

111.0
122.1

141.1
132.8
84.2
113.4
124.0

115.6
147.2
142.7
85.2
110.5

113.8
114.8
88.4
108.3
91.5
118.2

113.1
114.8
87.1
104.1
89.2
114.9

113.8
116.0
90.9
106.2
90.9
113.5

113.6
115.8
91.7
109.3
89.6
114.9

113.2
115.8
93.1
105.7
90.2
115.3

113.4
115.9
90.1
106.6
90.4
116.6

109.4
111.5
72.4
97.3
91.1

109.1
109.3

110.7
109.9
93.9
105.3
89.7
116.0

97.9
127.1
108.9
139.0
75.6

98.7
127.1

116.2
89.0

98.8
126.5
108.9
139.3
76.8

96.8
126.6
109.9
140.6
76.6

96.4
126.1
110.3
138.0
75.4

96.6
126.0
109.6
140.1
75.3

98.9
163.7
108.2
93.2
99.1

98.1
172.8
108.5
90.1
112.4

97.1
159.5
103.3
90.8
108.9

98.0
157.1
108.0
90.2
117.2

101.1
166.0
114.8
92.7
117.5

99.8
160.5
109.5
92.6
114.0

124.0
172.6
123.5

190.1
431.7
182.8

104.8
107.4

109.7
141.2
131.5
79.4
109.7
123.5

102.1
102.3
106.3
106.9

1.6
1.8
2.2

106.7
106.9
95.8
104.0
95.0

3.6

110.0

6.9
.5

1.0

121.0

199.6
495.4
188.5

8.0
1.8

9.9
1.4
3.5
.3

116.7
118.5

116.0

98.1
99.0

6.8

118.4
120.3

198.7
481.0
188.0

101.2

40.5
9.4

100.2

196.1
463.3
188.7

..1
1.4
5.0

9.5
4.8
2.5
4.7
5.4
L3

104.6

101.6

118.6
121.9
112.9
114.1
115.8

122.7
118.0
116.2
115.0

7.2

111.2

132.6
99.9
107.8

98.1
114.4

102.6

108.3
135.5
123.5
82.2

110.2
139.7
77.1

120.2
114.9

112.8

112.6

112.0

115.6
116.8

114.0
114.6

126.4
114.1
113.9
111.3

202.1

112.6

86.1
99.5
85.8
116.9

111.2
121.1

122.8
85.7
111.7
123.1

121.6

111.2

111.1

110.7
93.3
109.4

111.3

113.8
116.0
115.7

201.0
495.9
189.1
118.2
151.4
145.0
86.3

112.0
122.0

88.8

88.0

116.0

115.6

111.9
113.8
85.6
109.5
90.3
113.4

94.0
124.0

94.2
124.4
107.7
138.5
75.0

94.3
124.8
111.3
140.0
75.4

88.1
108.7

96.7

93.4

120.2

122.0

109.6
137.7
77.2

101.5
137.2
74.0

94.6
123.5
101.7
139.4
75.1

99.8
158.3
111.9
92.5
111.9

99.1
169.9
104.9
92.8
107.1

96.8
154.2
105.4
92.1
93.1

98.0
157.7
115.3
90.7
101.5

100.6
166.4
120.5
91.9
108.3

99.0
162.8
109.9
91.4
114.0

98.5
161.0
105.9
91.1
117.6

150.7
132.8

142.0
126.9
201.4

132.8
121.3
178.3

116.6

112.8
131.4

115.1
120.5
93.9

102.1
140.8
75.7

13
14

4.8

491,3pt
492,3pt

6.1
1.6

111.9
111.7
112.7

125.1
123.9
129.9

125.6
125.5
125.6

126.6
126.6
126.3

127.9
127.1
131.1

125.6
125.3
126.6

129.4
130.3
125.8

137.3
124.6
187.5

221.1

80.6
83.7

108.2
106.3

123.9
119.7

123.9
119.3

125.4
120.7

125.4
119.4

125.5

126.1

121.0

120.1

120.6

121.1

116.5

115.8

123.2
119.3

124.1
118.8

123.6
119.3

125.0
120.5

11.9

11.2

9.9
4.7
5.3
5.0
0.3

12.2

10.0

11.2

12.6

10.8

5.7
5.5
5.2
0.3

12.0
6.1

12.2

6.1

6.3
5.9
5.6
0.3

6.5
5.7
5.4
0.3

5.2
4.7
4.5

5.7
5.5
5.2
0.3

6.5

5.1
5.7
5.4
0.3

13.0
6.7
6.3

13.8
7.3
6.4

.6
7.7

SP EC IA L A G G R E G A TE S
Manufacturing excluding:
Motor vehicles and parts
Computer and office equipment
Memo: Motor vehicle assemblies2
Total
Autos
Trucks
Light
Heavy and medium

5.8
5.5
0.3

5.9
5.6
0.3

1.
2.

0.2

6.2
5.8
0.3

6.0

6.1

0.3

0.3

Proportion as a share of the value added for the total index.
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 ana 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
P ercent change

S IC

Item

1994Q 4
to
1995 Q 4

S easonallyadjusted
annual rate
1996
1995
Q4
Q2
Q 1r
Q3

Seasonallvadiusted
1996
Feb.r
M a r/
A D r/
MavP

Not seasonally adjusted
19 9 6
Feb/
M a r/
MavP
Adr /

M ay 95
to
M av 96

Total index

1.6

- 1 .4

3.2

.6

3.0

1.3

-.5

.7

.7

2 .3

-.6

-.7

.9

3.2

Manufacturing

1.4

- 2 .2

2.6

1.4

2.4

1.4

-.8

1.1

.5

3.3

-.2

.4

1.2

3.3

-1 .1
2.5

-4 .7
-1 .1

-2 .1
4.8

.1
2.0

- 1 .6
4 .3

-.3
2.1

.5
- 1 .4

.0
1.5

.4
.6

1.5
4.1

.9
-.7

.2
.5

.0
1.7

-.4
4.9

3.4
-.2
- 3 .7
.1

- 2 .0
- 9 .0
-9 .6
- 4 .5

5.2
6.7
.6
- 1 .8

3.6
4.7
- 4 .8
4.8

5.6
- 4 .4
- 1 .7
- 1 .5

1.9
.2
1.1
- 1 .3

- 1 .3
4.0
- 1 .6
- 1 .0

2.2
2.0
.3
1.3

.8
-.6
1.9
.2

4 .7
2.1
4.1
1.1

-.6
4 .7
-2 .1
.9

.8
2 .0
.3
2 .7

1.5
-.1
.2
1.8

6.6
7.0
.3
.4

- 1 .7
- 2 .4
.7
-.7
.9

- 6 .8
- 1 0 .6
- 8 .3
- 1 .8
- 4 .4

- 2 .9
- 1 .9
4.5
-4 .1
2.5

2.1
-.1
1.6
5.0
2.1

-.9
4 .3
- 4 .9
- 7 .2
6.0

- 3 .6
- 6 .7
- 1 .3
.5
1.2

.0
.5
2.1
-.7
-.8

1.3
1.4
- 1 .7
1.1
-.2

-.1
- 1 .3
-.3
1.3
.8

-.4
-2 .1
2 .7
1.8
2.9

-.3
.1
1.2
-.7
.7

.7
1.2
-2 .7
.1
-1 .5

- 1 .8
- 3 .6
- 1 .4
.7
1.8

-.9
- 2 .2
-.3
.7
2.7

12.5
36.2
11.9

6.1
35 .4
8.1

10.7
23 .9
17.9

18.8
45 .0
10.5

20 .2
50 .6
7.8

2.2
4.6
3.5

1.3
3.8
-.4

.5
3.0
.3

1.3
2.2
1.2

6 .2
9.3
4 .3

1.9
3.1
.1

- 1 .2
.6
-1 .0

2.3
5.2
1.6

15.8
39 .9
11.5

3 7 2 -6 ,9
38
39

- 6 .2
- 2 .6
- 2 .7
-1 1 .8
.6
.6

- 1 2 .9
- 1 8 .2
- 2 1 .3
- 3 .9
-.6
-3 .1

- 2 .8
.6
-.8
- 7 .9
1.5
- 1 .4

- 1 3 .7
-.5
.8
- 3 1 .5
-.2
2.4

-5 .1
--2 0 .7
--2 1.9
2 6 .8
5.8
1.2

3.5
4.2
7.6
2.4
2.2
1.6

- 8 .2
-1 4 .1
- 1 7 .3
1.2
-.4
.0

11.2
19.0
23 .3
.4
-.2
-1 .1

.4
.4
.3
.2
.9
-.1

9.2
13.5
2 4 .6
2.5
2.4
2.2

- 7 .3
- 1 2 .7
- 1 5 .2
1.8
.4
1.6

7.6
13.3
16.2
-.6
-1 .1
-1 .2

2.3
2.8
1.6
1.3
1.3
.3

1.4
4.5
6.7
- 3 .2
3.8
.2

Foods
Tobacco products
Textile mill products
Apparel products
P aper and products

20
21
22
23
26

- 1 .0
.4
-6 .1
- 5 .7
- 9 .0
- 3 .0

- 2 .5
2.4
13.6
- 8 .8
-1 1 .8
.5

-.4
- 1 .0
4.4
- 9 .6
- 8 .9
- 5 .5

- 1 .3
- 1 .4
- 1 9 .8
- 5 .3
- 8 .9
- 4 .7

- 1 .6
1.9
6.2
--10.1
--1 0.4
--11.7

.7
1.0
4.3
2.0
1.9
- 1 .2

-.2
-.2
.9
2.9
- 1 .4
1.2

-.4
.0
1.6
- 3 .2
.6
.3

.2
.1
- 3 .2
.9
.3
1.1

1.5
.5
9.1
5.9
4.6
-.7

.4
.7
-.6
3.9
-1 .1
.1

-.1
.5
-5 .5
-.7
-.9
-.4

.7
2.2
- 2 .9
.7
2.6
- 1 .8

-.9
.0
1.0
-6 .1
- 7 .3
- 4 .8

Printing and publishing
C hem icals and products
Petroleum products
R ubber and plastics products
Leather and products

27
28
29
30
31

- 1 .9
2.4
.2
-.5
- 9 .2

- 3 .9
- 4 .2
-1 .1
- 7 .2
-1 3 .9

3.5
2 .0
4.5
-.6
-1 0 .6

- 3 .0
5.9
- 5 .2
3.0
- 8 .5

- 4 .9
1.8
7.3
.0
- 8 .9

.8
.1
1.2
.5
2.0

- 2 .0
-.4
-.3
.6
-.7

-.4
-.4
.4
- 1 .8
- 1 .6

.2
-.1
-.6
1.5
.0

1.3
1.2
.2
1.6
1.5

-.7
.5
.4
1.0
.7

.3
.3
5.4
- 1 .7
-.9

.0
.4
3.4
1.1
.7

- 2 .4
1.6
2.0
1.4
- 9 .2

10
12
13
14

- 1 .8
8.0
-3 .1
- 3 .0
2.0

.4
1.2
- 1 0 .9
3.6
- 3 .5

- 1 .8
16.7
9.4
- 6 .5
3.2

- 7 .7
9.6
-1 3 .9
- 8 .5
-3 .1

2.0
--2 9.7
- 4 .9
6.6
9.8

.9
- 1 .5
4.6
-.6
7.6

3.2
5.7
6.3
2.7
.3

- 1 .3
- 3 .3
- 4 .6
-.1
- 3 .0

.0
- 1 .4
2.1
-.1
- 1 .8

1.2
2 .3
9.4
- 1 .5
9.0

2.6
5.5
4.4
1.4
6.7

-1 .5
-2 .2
-8 .8
-.6
5.2

-.5
- 1 .2
- 3 .6
-.2
3.2

-.7
- 3 .7
1.0
-.9
.7

4 9 1 ,3pt
4 9 2 ,3pt

6.2
5.1
10.5

8.0
5.3
19.3

14.2
16.0
7.5

-2 .1
- 3 .9
5.3

8.8
9.0
7.7

.8
.9
.6

1.1
.4
3.8

- 1 .8
- 1 .4
- 3 .4

3.1
4.0
-.6

- 5 .8
- 4 .5
- 8 .9

- 6 .4
- 4 .4
-1 1 .5

- 1 2 .2
-7 .0
- 2 6 .3

- 1 .3
6.8
- 2 8 .5

6.0
7.5
.3

1.7
.3

- 1 .0
- 3 .4

2.8
1.9

1.6
-.1

4.2
.6

1.2
1.2

.0
-1 .1

.0
1.0

.5
.4

2 .6
3.0

.7
-.4

-.4
.4

1.1
1.0

3.2
1.8

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

24
25
32

Prim ary m etals
33
Iron and steel
3 3 1 ,2
R aw steel
Nonferrous
3 3 3 -6 ,9
Fabricated m etal products
34
Industrial m achinery
and equipm ent
35
C om puter and office equip.
357
Electrical m achinery
36
Transportation equipm ent
Motor vehicles and parts
Autos and light trucks
A erospace and misc.
Instrum ents
M iscellaneous

37
371

Nondurable

Minina
M e talm in in g
Coal mining
Oil and gas extraction
Stone and earth minerals

Utilities
Electric
G as

SP ECIA L A G G R E G A TE S
Manufacturing excluding:
Motor vehicles and parts
C om puter and office equipm ent

N ote— P ercent changes shown in the first and last columns are based on seasonally adjusted data.




7

Table 3
C A P A C ITY UTILIZATION: M ANUFACTURING, MINING, AND U TILITIES
P ercent of capacity, seasonally adjusted

Item

SIC

1995
Proportion

1 9 67­
1995
Ave.

1973
Hiah

1978­
1980
Hiah

1982
Low

1988­
1989
Hiah

1 9 90­
1991
Low

1995
M av

1995
Dec.

1996
Jan.

F eb.r

M a r/

A p r/

MavP

Total industry

10 0 .0

82.1

89.2

87 .3

7 1 .8

8 4 .9

7 8 .0

8 3 .7

8 2 .9

82 .4

8 3 .3

8 2 .6

8 2 .9

83 .2

Manufacturing

8 7 .3

81.4

88 .9

87.3

7 0 .0

8 5 .2

76 .6

8 2 .8

81 .9

81 .4

8 2 .3

81 .3

81 .9

82 .0

2 5 .2
62.1

82 .6
80 .7

92.2
87.5

89.7
86.3

6 6 .8
7 1 .4

8 9 .0
83 .5

7 7 .9
76.1

8 7 .8
8 0 .8

86 .0
80 .2

85 .4
79 .7

8 4 .9
81.1

85 .2
7 9 .6

8 5 .0
80 .5

85 .2
80 .6

4 8 .8
1.8
1.4
2.1

79.3
83.3
81.9
78.0

88.8
90.1
96.8
89.2

86.9
87.6
86.6
87.0

6 5 .0
6 0 .9
6 8 .9
63.1

8 4 .0
93 .3
8 6 .8
8 3 .8

7 3 .7
76.1
7 2 .2
7 1 .0

8 2 .3
8 5 .7
8 2 .7
7 9 .9

81 .7
88.1
80 .8
79 .2

81 .3
84 .8
80 .7
79 .9

82 .5
84 .8
8 1 .4
7 8 .7

8 1 .0
88.1
79 .9
7 7 .7

82 .3
89 .6
80 .0
78.5

82 .5
88 .9
81 .3
78.5

80.9
80 .6
80 .2
8 1 .7
73.5
88 .6

100.6
105.8
102.7
92.9
92.1
95 .7

102.4
110.4
95.7
90.5
80.8
97.6

4 6 .8
3 8 .3
35 .2
6 2 .2
42.1
58 .6

92 .8
9 5 .7
9 2 .7
8 8 .7
85 .9
10 0.4

74 .2
7 2 .0
71 .5
7 5 .2
7 3 .6
9 7 .3

9 3 .3
9 3 .0
9 3 .0
9 3 .7
88 .2
7 9 .8

92 .6
91 .8
95 .3
93 .5
81 .3
84 .0

93 .5
95 .6
91 .7
90 .7
90.1
84 .4

8 9 .8
88 .9
90 .3
91 .0
83 .7
85.1

8 9 .6
89.1
91 .9
90 .2
82 .5
85 .2

90 .5
90.1
90 .0
91.1
84 .9
85 .6

90 .2
88 .6

3 3 3 -6 ,9
3331
3334

2.9
1.6
.1
1.3
.1
.1

92.1
82 .8
84 .9

34

5.1

77 .8

87.8

83.9

6 2 .9

8 2 .0

71 .3

84.1

84 .0

84 .3

85.1

8 4 .3

84 .0

84 .6

35
357
36

9.7
3.2
8.8

81.2
80.7
80.8

96.4
90.9
87.8

92.1
93.5
89.4

6 4 .9
63.1
71.1

84 .0
8 4 .4
8 4 .9

71 .8
64 .5
77 .0

87.1
8 6 .6
8 6 .0

88 .8
89 .9
84 .4

88.8
90 .3
83 .2

89 .9
92 .5
85.1

90 .3
93 .9
83 .8

89 .8
94 .7
8 3 .0

90 .0
94 .7
83 .0

37
371

75.1
76.2

83.8
93.4

3 7 2 -6 ,9
38
39

10.3
5.8
2.9
4.5
5 .3
1.5

75.2
81 .8
75.5

77.0
89.9
82.9

82.7
93.0
92.2
81.1
92.5
78.7

5 6 .7
4 4 .5
40.1
6 6 .9
7 9 .0
66.1

8 4 .4
85.1
89.1
8 8 .4
81 .2
80.1

6 9 .7
56 .6
53 .3
78 .8
7 6 .8
7 3 .0

74 .3
7 9 .6
7 9 .9
6 7 .6
77 .2
7 4 .3

71.2
78 .4
81.2
61 .5
76 .9
73 .4

70.2
75 .0
76.1
63 .8
77 .7
72 .3

72.5
77 .9
8 1 .7
65 .5
79 .3
73 .2

66 .5
6 6 .7
67 .5
66 .3
79 .0
73 .0

73 .8
79.1
83 .2
66 .7
78 .7
72 .0

74.0
79 .3
83 .3
66.9
79 .3
71 .7

20
22
23
26
2 6 1 -3
27

3 8 .5
9.1
1.7
2.2
3.2
1.3
6.3

83.5
82 .3
86.2
80.9
89.8
92 .4
86.1

87.9
86.0
92.0
84.2
96.9
97.1
89.7

87.0
84.3
91 .7
86 .0
94.2
98.2
92.2

76 .9
7 8 .8
73 .8
7 8 .9
8 2 .0
82.1
8 3 .0

8 6 .7
83 .3
92.1
84 .2
94 .8
98.1
9 2 .3

8 0 .3
8 0 .8
78 .8
7 5 .0
86 .7
90.1
79 .0

83 .5
83.1
87.1
7 7 .3
93 .0
97 .8
8 0 .3

82.1
81 .6
81 .2
71 .6
88.1
88 .7
80 .3

81 .4
81 .5
78 .0
69 .7
85 .3
88.1
79 .6

81 .9
82 .2
79 .4
71 .0
84.1
87 .9
80 .2

8 1 .6
82 .0
81 .6
70 .0
85 .0
8 7 .3
78 .7

81 .2
81 .9
78 .9
70 .4
85.1
87 .6
78 .4

81 .2
81 .8
79 .4
70 .6
85 .8
88 .9
78 .7

C hem icals and products
28
Plastics materials
2821
Synthetic fibers
2 8 2 3 ,4
Petroleum products
29
R ubber and plastics products
30
Leather and products
31

9.9
.7
.4
1.2
3.4
.2

79.8
86.2
85.2
86 .0
84.5
82 .3

87.9
102.0
93.8
96.7
94.0
81.3

85.1
90.9
98.5
89.5
90.4
92.4

70.1
6 3 .4
6 4 .4
6 8 .2
73 .5
78.1

8 5 .9
9 7 .0
99 .7
8 8 .5
90 .5
83 .8

79 .0
74 .8
77 .6
8 4 .6
78 .0
76 .0

80 .2
91 .9
91 .9
92 .4
90 .6
82 .8

80 .6
89 .6
88 .3
93 .3
89 .6
77 .9

80 .8
90.8
86 .3
93 .3
89 .2
76 .9

80 .7
91 .3
83 .9
94 .3
89 .4
78.6

80.2
92 .6
86.1
94 .0
89 .8
78.2

7 9 .7

79.5

82 .9
94 .3
87 .9
77.1

93 .6
89 .0
77.2

10
12
13
138
14

5.7
.4
.9
3.9
.6
.5

87 .4
78 .7
86 .9
88.2
72.6
84.6

94.4
90.3
90.8
96.6
93.0
93.7

96.6
87.6
95.7
96.9
104.3
93.3

8 0 .6
4 3 .4
75 .4
82.5
50 .8
6 3 .3

86 .5
87 .9
91 .4
86.1
60 .7
90 .0

86.1
80 .0
83 .4
86 .8
53 .7
79 .4

89 .7
84 .9
84 .0
91 .4
74 .3
90 .3

87 .7
88 .8
81 .7
88 .6
69 .8
89 .7

86 .8
81 .8
77 .7
89 .4
71 .0
86 .7

87 .6
80.5
81.2
88 .9
75 .0
93.1

90 .4
85.1
86 .2
91 .4
80 .7
93 .2

89.2
82 .2
82.2
91 .4
84 .4
90 .3

89.2
81 .0
83 .9
91 .4
87 .8
88 .4

4 9 1 ,3pt
4 9 2 ,3pt

6.9
5.4
1.5

86.9
89 .0
82.5

95.6
99.0
93.2

88.3
88.3
93.6

76 .2
78 .7
70 .8

92 .6
94 .8
85 .5

83.1
86 .7
68 .3

90 .6
9 1 .7
86 .3

92 .2
93.1
89 .0

92 .4
94.2
86 .0

93.1
94 .9
86 .4

93 .9
95 .2
89.6

92.1
93 .7
86 .4

94 .8
97 .3
85 .8

Primary processing
Advanced processing
Durable
Lum ber and products
Furniture and fixtures
Stone, clay, and glass products
Prim ary m etals
Iron and steel
R aw steel
Nonferrous
Prim ary copper
Prim ary aluminum
Fabricated m etal products
Industrial m achinery
and equipm ent
C om pu ter and office equip.
Electrical m achinery
Transportation equipm ent
Motor vehicles and parts
Autos and light trucks1
A erosp ace and misc.
Instrum ents
M iscellaneous

24
25
32

33
3 3 1 ,2

Nondurable
Foods
Textile mill products
Apparel products
P aper and products
Pulp and paper
Printing and publishing

Mining
M etal mining
Coal mining
Oil and gas extraction
Oil and gas well drilling
S tone and earth minerals

Utilities
Electric
G as

1. Series begins in 1977.
Note— Prim ary processing m anufacturing includes textile mill products, paper and products, industrial chem icals, synthetic m aterials, and fertilizers,
petroleum products, rubber and plastic products, lum ber and products, primary m etals, fabricated m etals, and stone, clay, and glass products.
A dvanced processing m anufacturing includes foods, tobacco products, apparel products, printing and publishing, chem ical products and other agricultural
chem icals, leather and products, furniture and fixtures, industrial m achinery and equipm ent, electrical m achinery, transportation equipm ent, instruments,
and m iscellaneous m anufactures.




8

Table 4
INDUSTRIAL CAPACITY: MANUFACTURING, MINING, AND UTILITIES

S IC

Item

Percent chanae
D ece m b er to D ecemb er
Annual rate
1967196719751975
1995
1995
1994
1992
1993
Ave.
Ave.
1995 1996P
Ave.

Capacity indexes
Percent of 1987 outout
1995
Mav

1995
Dec.

1996
Jan.

Feb.

Mar.

Apr.

Mav

4.0

145.0

148.2

148.7

149.1

149.6

150.1

150.6

Total industry

2.9

3.7

2.5

2.1

2.1

Manufacturing

3.3

3.9

3.0

2.5

2.5

3.6

4.3

4.5

148.7

152.4

153.0

153.5

154.0

154.6

155.1

2.2
3.8

4.0
3.9

1.4
3.8

1.4
2.9

1.5
2.9

2.2
4.2

2.6
4.9

2.4
5.3

134.3
155.6

136.4
160.1

136.7
160.8

136.9
161.5

137.2
162.1

137.5
162.8

137.7
163.5

3.6
1.7
3.0
1.3

3.7
2.9
4.5
2.5

3.6
1.3
2.3
.8

2.5
.7
1.0
.7

3.1
1.2
1.9
.2

4.8
.8
1.9
1.0

6.1
3.5
1.7
1.8

6.6
2.3
2.4
2.8

159.2
118.7
134.0
130.3

165.0
121.2
135.3
131.7

165.9
121.5
135.5
132.0

166.7
121.7
135.8
132.3

167.6
122.0
136.1
132.6

168.5
122.2
136.4
132.9

169.4
122.4
136.6
133.2

3 3 3 -6 ,9
3331
3334

.0
-7
-1 . 1
1.3
.3
1.3

1.7
.7
.3
3.6
1.8
5.2

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

-1 .2
-2 .4
-3 .1
.4
7.8
.3

-.2
-.8
-4 .3
.5
5.0
.5

2.0
3.1
1.4
.6
-1 .2
.0

2.1
1.8
3.3
2.4
2.5
.0

3.2
3.8
4.0
2.4
-.9
.0

128.1
132.4
121.5
122.5
157.7
125.0

129.7
133.7
123.8
124.3
160.2
125.0

130.0
134.0
124.2
124.5
160.3
125.0

130.3
134.4
124.6
124.8
160.2
125.0

130.7
134.9
125.0
125.0
160.0
125.0

131.0
135.3
125.4
125.3
159.9
125.0

131.4
135.7
125.9
125.5
159.8
125.0

34

1.6

3.1

1.0

.4

1.1

1.9

2.2

2.0

135.2

136.9

137.1

137.4

137.6

137.8

138.1

35
357
36

6.7
20.7
5.9

4.7
12.0
6.1

7.6
24.8
5.9

4.0
14.0
6.5

6.0
19.1
7.4

9.0
25.5
9.9

11.6
26.9
15.2

12.5
29.5
15.6

200.5
417.9
199.0

214.0
480.3
216.5

216.0
490.4
219.2

218.1
501.1
221.8

220.2
512.1
224.4

222.3
523.3
227.1

224.4
534.7
229.9

37
371

2.6
3.4

3.0
4.5

2.5
2.9

3 7 2 -6 ,9
38
39

1.7
4.8
2.5

1.3
7.6
4.4

1.9
3.6
1.6

2.1
3.8
2.5
.3
1.3
5.0

1.9
4.6
2.7
-.9
.9
3.6

3.5
6.8
6.1
-.2
.9
3.9

2.0
5.5
2.9
-2 .4
.9
4.0

1.5
3.8
1.6
-1 .7
1.0
3.8

152.4
174.4
159.4
130.9
142.0
164.5

154.1
180.0
162.0
129.0
142.7
168.3

154.4
180.7
162.3
128.8
142.9
168.8

154.6
181.3
162.5
128.6
143.0
169.3

154.7
181.8
162.7
128.4
143.1
169.9

154.9
182.4
162.9
128.3
143.2
170.4

155.1
182.9
163.1
128.1
143.3
170.9

20
22
23
26
261-3
27

2.9
2.5
2.3
1.5
2.8
2.4
2.9

4.3
3.0
4.3
2.3
3.9
3.0
3.0

2.2
2.3
1.4
1.1
2.3
2.1
2.8

2.4
2.2
2.6
2.4
2.2
2.2
1.0

1.7
2.1
3.4
2.5
2.2
1.7
-1 .0

2.2
2.0
3.1
.9
2.1
1.4
1.8

1.9
1.7
3.7
2.3
3.3
3.3
-.2

1.6
1.6
1.7
.3
2.8
2.2
-.6

137.1
139.4
130.4
126.1
131.7
126.5
123.3

138.6
140.7
133.2
127.9
134.3
129.0
123.1

138.8
140.9
133.5
128.0
134.6
129.3
123.1

139.0
141.1
133.7
128.0
134.9
129.5
123.0

139.2
141.3
133.9
128.1
135.2
129.7
123.0

139.4
141.4
134.1
128.1
135.5
129.9
122.9

139.6
141.6
134.2
128.1
135.8
130.2
122.8

Chem icals and products
28
Plastics materials
2821
Synthetic fibers
282 3, 4
Petroleum products
29
Rubber and plastics products
30
Leather and products
31

3.8
6.5
4.2
1.5
5.5
-3 .3

6.8
12.7
9.7
4.2
8.6
-1 .5

2.5
3.8
1.8
.3
4.1
-4 .1

4.1
1.1
5.0
-1 .3
4.2
-2 .6

2.5
.4
1.5
-.5
4.1
-2 .2

2.2
3.3
3.6
.3
4.7
-2 .6

2.4
5.0
3.5
.6
3.3
-2 .8

2.6
3.7
2.4
.9
3.1
-2 .4

154.7
133.8
135.3
116.2
152.5
100.2

156.9
137.7
138.0
116.6
155.4
98.5

157.2
138.2
138.4
116.7
155.8
98.3

157.5
138.6
138.6
116.8
156.2
98.1

157.9
139.0
138.9
116.9
156.6
97.9

158.2
139.4
139.2
117.0
157.0
97.7

158.5
139.9
139.4
117.1
157.4
97.5

10
12
13
138
14

.0
1.4
2.4
-.6
.3
1.0

-.1
.7
2.5
-1 .0
.8
2.6

.1
1.6
2.4
-.4
.1
.3

-1 .2
2.5
.9
-2 .3
-8 .2
.6

-.9
1.6
1.1
-1 .9
-6 .2
.9

-.1
-.6
1.1
-.5
-1 .0
1.6

-. 1
1.1
1.1
-.9
-2 .4
3.1

-.1
.9
1.1
-.9
-2 .5
2.4

112.0
193.5
132.0
102.2
121.9
123.0

111.9
194.7
132.8
101.6
120.1
125.3

111.9
194.9
132.9
101.6
119.9
125.6

111.9
195.0
133.0
101.5
119.6
125.8

111.9
195.2
133.2
101.4
119.4
126.0

111.8
195.3
133.3
101.3
119.1
126.3

111.8
195.5
133.4
101.2
118.9
126.5

49 1,3pt
4 92,3pt

2.8
3.9
.3

6.0
7.8
2.3

1.4
2.2
-.6

1.2
1.5
.0

.5
.6
.2

.5
.4
.5

1.1
1.2
.7

1.5
1.6
1.1

134.8
132.1
145.4

135.7
133.1
146.0

135.8
133.2
146.1

136.0
133.4
146.2

136.2
133.6
146.3

136.3
133.8
146.5

136.5
133.9
146.6

Primary processing
Advanced processing
Durable
L um ber and products
Furniture and fixtures
Stone, clay, and glass products
Primary metals
Iron and steel
R a w steel
Nonferrous
Primary copper
Primary aluminum
Fabricated metal products
Industrial machinery
and equipment
Co m p u te r and office equip.
Electrical machinery
Transportation equipment
Motor vehicles and parts
Autos and light trucks1
A ero spa ce and misc.
Instruments
Miscellaneous

24
25
32

33
331,2

Nondurable
Foods
Textile mill products
Apparel products
Pap er and products
Pulp and paper
Printing and publishing

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

Utilities
Electric
Gas

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




9

3.2

3.8

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

Feb.

Mar.

Apr.

May

June

July

Auq.

Sept.

Oct.

Nov.

Dec.

Q1

Q2

Q3

Q4

Annual

1984
1985
1986
1987
1988

2.0
.4
.5
-.3
.3

-.1
.7
-.7
1.4
.2

1.0
.3
-.9
.4
.0

.6
.4
.2
.5
.8

.7
.2
.0
.6
-.3

.5
-3
-.5
.9
.0

.4
-.3
c
.4
.6

.1
.5
.2
.3
.6

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

-.7
-.8
.7
1.3
.3

.0
.4
.7
.1
.6

-.6
1.0
.6
.7
.6

11.2
2.4
2.4
5.5
3.8

7.7
3.8
-3 .4
8.1
3.0

4.0
.1
1.3
5.2
2.9

-3 .4
1.2
5.8
6.5
3.0

9.3
1.7
.9
4.9
4.4

1989
1990
1991
1992
1993

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

-.5
.5
-1 .0
.6
.4

.9
.3
-8
.9
.0

.0
-.7
.3
.7
.2

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

-.3
.2
1.1
-.3
.2

-1 .0
-.2
.2
.8
.6

.5
.3
.3
-.2
.0

-.4
.0
.8
.2
.7

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

.4
-1 .3
-.1
.6
.7

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

3.9
2.1
-8 .4
.8
3.7

.3
1.1
1.1
7.0
.5

-4 .4
1.6
6.7
3.1
3.2

-.2
-5 .2
2.0
4.9
5.5

1.5
.0
-1 .8
3.4
3.5

1994
1995
1996

.4
.3
-.2

.8
-. 1
1.3

.8
.1
-.5

.3
-.4
.7

.5
.0
.7

.5
.1

.2
.1

.5
1.0

.1
.1

.7
-.5

.5
.3

.8
.2

8.4
3.9
3.0

7.0
-1 .4

4.6
3.2

6.4
.6

5.9
3.2

1984
1985
1986
1987
1988

91.0
93.1
96.1
96.5
103.2

90.9
93.8
95.5
97.9
103.4

91.9
94.1
94.6
98.2
103.4

92.4
94.5
94.8
98.8
104.3

93.0
94.7
94.7
99.4
104.0

93.5
94.4
94.3
100.3
104.0

93.9
94.1
94.8
100.6
104.6

94.0
94.5
94.9
100.9
105.2

93.9
95.0
95.0
100.7
104.7

93.2
94.2
95.6
102.1
105.0

93.3
94.6
96.3
102.2
105.6

92.8
95.6
96.8
102.8
106.3

91.3
93.6
95.4
97.5
103.3

93.0
94.5
94.6
99.5
104.1

93.9
94.6
94.9
100.8
104.8

93.1
94.8
96.2
102.3
105.6

92.8
94.4
95.3
100.0
104.4

1989
1990
1991
1992
1993

106.6
105.5
104.0
105.0
110.4

106.2
106.1
102.9
105.6
110.8

107.1
106.4
102.1
106.5
110.8

107.1
105.7
102.4
107.3
111.1

106.7
106.5
103.2
107.8
110.6

106.4
106.7
104.3
107.5
110.8

105.3
106.5
104.5
108.4
111.4

105.8
106.8
104.8
108.2
111.4

105.4
106.8
105.7
108.4
112.2

105.0
106.3
105.8
109.2
112.3

105.4
105.0
105.6
109.8
113.1

106.1
104.5
105.1
110.0
114.1

106.6
106.0
103.0
105.7
110.7

106.7
106.3
103.3
107.5
110.8

105.5
106.7
105.0
108.3
111.7

105.5
105.3
105.5
109.7
113.2

106.0
106.0
104.2
107.7
111.5

1994
1995
1996

114.6
121.8
122.5

115.5
121.7
124.2

116.4
121.9
123.6

116.8
121.4
124.4

117.5
121.3
125.3

118.1
121.4

118.4
121.5

118.9
122.7

119.1
122.8

119.9
122.2

120.5
122.6

121.5
122.8

115.5
121.8
123.4

117.5
121.4

118.8
122.3

120.6
122.5

118.1
121.9

1984
1985
1986
1987
1988

113.3
116.0
119.2
121.6
123.9

113.5
116.2
119.4
121.8
124.1

113.7
116.5
119.6
122.0
124.2

113.9
116.8
119.8
122.2
124.4

114.2
117.1
120.0
122.4
124.5

114.4
117.3
120.2
122.6
124.7

114.6
117.6
120.4
122.8
124.8

114.8
117.9
120.6
123.0
125.0

115.0
118.2
120.8
123.2
125.1

115.3
118.4
121.0
123.4
125.3

115.5
118.7
121.2
123.6
125.4

115.7
119.0
121.4
123.8
125.5

113.5
116.2
119.4
121.8
124.1

114.2
117.1
120.0
122.4
124.5

114.8
117.9
120.6
123.0
125.0

115.5
118.7
121.2
123.6
125.4

114.5
117.5
120.3
122.7
124.7

1989
1990
1991
1992
1993

125.7
128.1
130.5
132.9
135.8

125.9
128.3
130.7
133.2
136.0

126.1
128.5
130.9
133.4
136.3

126.3
128.7
131.1
133.6
136.5

126.5
128.9
131.3
133.9
136.7

126.7
129.1
131.5
134.1
137.0

126.9
129.3
131.7
134.3
137.2

127.1
129.5
131.9
134.6
137.5

127.3
129.7
132.1
134.8
137.7

127.5
129.9
132.3
135.1
137.9

127.7
130.1
132.5
135.3
138.2

127.9
130.3
132.7
135.5
138.4

125.9
128.3
130.7
133.2
136.0

126.5
128.9
131.3
133.9
136.7

127.1
129.5
131.9
134.6
137.5

127.7
130.1
132.5
135.3
138.2

126.8
129.2
131.6
134.2
137.1

1994
1995
1996

138.7
143.2
148.7

139.1
143.6
149.1

139.5
144.1
149.6

139.8
144.5
150.1

140.2
145.0
150.6

140.5
145.4

140.9
145.9

141.3
146.3

141.7
146.8

142.0
147.2

142.4
147.7

142.8
148.2

139.1
143.6
149.1

140.2
145.0

141.3
146.3

142.4
147.7

140.8
145.7

1984
1985
1986
1987
1988

80.4
80.3
80.6
79.3
83.2

80.1
80.7
79.9
80.3
83.3

80.8
80.7
79.1
80.5
83.2

81.1
80.9
79.1
80.8
83.8

81.5
80.9
78.9
81.2
83.5

81.8
80.5
78.4
81.8
83.4

81.9
80.0
78.7
81.9
83.8

81.8
80.2
78.7
82.0
84.2

81.6
80.4
78.7
81.8
83.7

80.9
79.6
79.1
82.7
83.8

80.8
79.7
79.4
82.7
84.2

80.2
80.4
79.8
83.1
84.6

80.4
80.6
79.9
80.1
83.3

81.4
80.7
78.8
81.3
83.6

81.8
80.2
78.7
81.9
83.9

80.6
79.9
79.4
82.8
84.2

81.1
80.3
79.2
81.5
83.7

1989
1990
1991
1992
1993

84.8
82.4
79.7
78.9
81.3

84.3
82.7
78.7
79.3
81.5

84.9
82.8
78.0
79.9
81.4

84.8
82.1
78.1
80.3
81.4

84.3
82.6
78.6
80.5
80.9

83.9
82.6
79.3
80.2
80.9

83.0
82.4
79.4
80.7
81.2

83.3
82.5
79.4
80.4
81.1

82.8
82.4
80.0
80.4
81.5

82.3
81.8
79.9
80.8
81.4

82.5
80.7
79.7
81.2
81.8

82.9
80.2
79.2
81.2
82.4

84.7
82.6
78.8
79.4
81.4

84.3
82.5
78.7
80.3
81.0

83.0
82.4
79.6
80.5
81.2

82.6
80.9
79.6
81.0
81.9

83.7
82.1
79.2
80.3
81.4

1994
1995
1996

82.6
85.1
82.4

83.0
84.7
83.3

83.5
84.6
82.6

83.6
84.0
82.9

83.8
83.7
83.2

84.0
83.5

84.0
83.3

84.2
83.9

84.0
83.7

84.4
83.0

84.6
83.0

85.1
82.9

83.0
84.8
82.8

83.8
83.7

84.1
83.6

84.7
82.9

83.9
83.8

Year

Industrial
Production,
Percent
Change1

Industrial
Production

Capacity

Utilization

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




10

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

Jan.

Feb.

Mar.

Apr.

M ay

June

July

Auq.

Sept.

Oct.

Nov.

Dec.

Q1

Q2

Q3

Q4

Annual

1984
1985
1986
1987
1988

2.3
.1
1.3
-.6
.2

.6
.6
-.4
1.7
.1

.9
.7
-1 .0
.5
.2

.4
.3
.9
.4
.7

.5
.6
.0
.7
-.1

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

.4
-.2
.6
.4
.5

.2
.8
.5
.0
.4

-.1
.2
.3
.2
.0

.0
-.7
.7
1.0
.1

.0
1.3
.5
.4
.9

-.4
.1
1.0
.6
.6

13.3
1.7
4.6
6.3
3.6

6.9
5.1
.1
8.6
3.3

4.7
1.0
3.5
5.6
3.0

-.3
2.4
7.2
6.8
4.4

10.4
2.6
2.9
6.0
4.7

1989
1990
1991
1992
1993

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

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

.6
.4
-.9
.9
.0

.2
-.9
.3
.6
.4

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

-2
.0
1.3
.0
.0

-1 .2
-.3
.3
.8
.6

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

-.4
-.1
1.0
.1
.9

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

.3
-1 .2
-.2
.6
.8

.2
-.5
-.4
.0
1.1

4.3
3.7
-9 .8
2.3
4.6

-.3
.2
1.0
7.6
1.2

-5 .3
1.0
8.1
3.8
3.0

-1 .3
-5 .5
2.5
4.3
6.0

1.6
-.3
-2 .1
4.2
3.9

1994
1995
1996

.2
.3
-.2

.9
-.2
1.4

1.0
.1
-.8

.6
-.4
1.1

.6
-.3
.5

.3
.1

.4
.0

.6
.7

.2
.6

.9
-.4

.6
.1

.9
.3

8.9
3.9
2.4

8.5
-2 .2

5.1
2.6

7.9
1.4

6.6
3.4

1984
1985
1986
1987
1988

87.1
89.9
94.0
96.2
103.2

87.6
90.4
93.6
97.8
103.4

88.3
91.1
92.7
98.3
103.6

88.7
91.4
93.5
98.7
104.3

89.1
92.0
93.6
99.4
104.2

89.7
91.5
93.3
100.3
104.2

90.1
91.3
93.9
100.7
104.7

90.3
92.0
94.4
100.7
105.1

90.2
92.3
94.6
100.9
105.2

90.2
91.6
95.3
102.0
105.3

90.2
92.8
95.8
102.4
106.2

89.8
92.8
96.7
103.0
106.8

87.7
90.5
93.5
97.4
103.4

89.2
91.6
93.5
99.4
104.2

90.2
91.9
94.3
100.8
105.0

90.1
92.4
95.9
102.5
106.1

89.3
91.6
94.3
100.0
104.7

1989
1990
1991
1992
1993

107.7
105.5
103.4
105.1
111.2

106.7
106.5
102.5
105.9
111.5

107.3
107.0
101.5
106.9
111.5

107.6
106.0
101.8
107.6
112.0

107.1
106.6
102.5
108.2
111.6

106.8
106.6
103.8
108.1
111.6

105.5
106.3
104.2
109.0
112.3

106.0
106.9
104.5
108.9
112.2

105.6
106.8
105.6
109.0
113.2

105.1
106.2
105.7
109.7
113.2

105.4
104.9
105.5
110.4
114.1

105.6
104.4
105.1
110.3
115.3

107.2
106.3
102.5
106.0
111.4

107.2
106.4
102.7
108.0
111.7

105.7
106.6
104.8
109.0
112.5

105.4
105.1
105.4
110.1
114.2

106.4
106.1
103.8
108.2
112.3

1994
1995
1996

115.5
124.1
124.5

116.6
123.9
126.2

117.8
124.0
125.2

118.5
123.5
126.5

119.1
123.2
127.2

119.5
123.3

120.0
123.3

120.7
124.2

120.9
124.9

122.0
124.4

122.7
124.5

123.8
124.8

116.6
124.0
125.3

119.0
123.3

120.5
124.1

122.8
124.6

119.7
123.9

1984
1985
1986
1987
1988

109.4
113.1
117.6
121.2
124.1

109.7
113.4
117.9
121.5
124.3

110.0
113.8
118.2
121.7
124.5

110.3
114.2
118.5
121.9
124.7

110.6
114.6
118.8
122.2
124.9

110.9
115.0
119.1
122.4
125.1

111.2
115.3
119.3
122.7
125.3

111.5
115.7
119.6
122.9
125.5

111.8
116.1
119.9
123.2
125.7

112.1
116.5
120.2
123.4
125.9

112.4
116.9
120.5
123.7
126.0

112.7
117.2
120.8
123.9
126.2

109.7
113.4
117.9
121.5
124.3

110.6
114.6
118.8
122.2
124.9

111.5
115.7
119.6
122.9
125.5

112.4
116.9
120.5
123.7
126.0

111.1
115.2
119.2
122.6
125.2

1989
1990
1991
1992
1993

126.5
129.4
132.0
134.6
138.0

126.7
129.6
132.2
134.9
138.2

127.0
129.8
132.5
135.2
138.5

127.2
130.1
132.7
135.5
138.8

127.4
130.3
132.9
135.7
139.1

127.7
130.5
133.1
136.0
139.4

127.9
130.7
133.3
136.3
139.7

128.2
130.9
133.5
136.6
139.9

128.4
131.2
133.7
136.8
140.2

128.7
131.4
133.9
137.1
140.5

128.9
131.6
134.2
137.4
140.8

129.2
131.8
134.4
137.7
141.1

126.7
129.6
132.2
134.9
138.2

127.4
130.3
132.9
135.7
139.1

128.2
130.9
133.5
136.6
139.9

128.9
131.6
134.2
137.4
140.8

127.8
130.6
133.2
136.1
139.5

1994
1995
1996

141.5
146.7
153.0

141.9
147.2
153.5

142.3
147.7
154.0

142.7
148.2
154.6

143.1
148.7
155.1

143.6
149.2

144.0
149.7

144.4
150.2

144.9
150.8

145.3
151.3

145.7
151.9

146.2
152.4

141.9
147.2
153.5

143.1
148.7

144.4
150.2

145.7
151.9

143.8
149.5

1984
1985
1986
1987
1988

79.6
79.5
80.0
79.3
83.2

79.9
79.7
79.4
80.5
83.1

80.3
80.0
78.5
80.7
83.2

80.4
80.0
79.0
80.9
83.6

80.6
80.3
78.8
81.3
83.4

80.9
79.6
78.4
81.9
83.3

81.0
79.2
78.7
82.1
83.6

80.9
79.5
78.9
81.9
83.8

80.7
79.5
78.9
81.9
83.7

80.5
78.6
79.3
82.6
83.7

80.3
79.4
79.5
82.8
84.3

79.7
79.2
80.0
83.1
84.6

79.9
79.8
79.3
80.2
83.2

80.6
80.0
78.7
81.4
83.5

80.9
79.4
78.8
82.0
83.7

80.2
79.1
79.6
82.8
84.2

80.4
79.5
79.1
81.6
83.6

1989
1990
1991
1992
1993

85.2
81.6
78.3
78.1
80.6

84.2
82.2
77.5
78.5
80.6

84.6
82.4
76.6
79.1
80.5

84.6
81.5
76.8
79.4
80.7

84.0
81.8
77.2
79.7
80.2

83.7
81.7
78.0
79.5
80.0

82.5
81.3
78.2
80.0
80.4

82.7
81.6
78.3
79.8
80.2

82.2
81.4
78.9
79.7
80.7

81.7
80.8
78.9
80.0
80.6

81.8
79.7
78.6
80.3
81.0

81.8
79.2
78.2
80.1
81.7

84.6
82.0
77.5
78.6
80.6

84.1
81.7
77.3
79.6
80.3

82.5
81.4
78.5
79.8
80.4

81.7
79.9
78.6
80.2

81.1

83.2
81.3
78.0
79.5
80.6

1994
1995
1996

81.7
84.6
81.4

82.2
84.2
82.3

82.8
84.0
81.3

83.0
83.4

83.2
82.8
82.0

83.2
82.7

83.3
82.4

83.6
82.7

83.5
82.8

83.9
82.2

84.2
82.0

84.7
81.9

82.2
84.3
81.6

83.2
83.0

83.4
82.6

84.3
82.0

83.3
83.0

Industrial
Production,
Percent
Change1

Industrial
Production

Capacity

Utilization

81.9

1. Quarterly percent ch anges are at annual rates. Annual percent chang es are calculated from annual averages.




11

Table 6
INDUSTRIAL PRODUCTION: INDUSTRY SUBTOTALS AND INDIVIDUAL SERIES

Item

SIC

Metal mining

10

1992
Value
Index
add ed1

1995
Nov.

Index. 1 9 8 7 = 100
Seasonalivadiusted
Not seasonally adjusted
1996
1996
1995
Jan .
Dec.
F e b .r
Nov.
Jan .
F e b .r
Mar/
Mar.r
Aor/
Dec.

.46
.06
,40
.13

163.7
116.3
173.2
141.9

175.9
129.8
185.0
150.5

172.8
123.0
182.9
152.6

159.5
110.3
169.1
141.9

157.1
117.8
164.8
136.9

166.0
123.2
174.6
159.1

160.5

101
1 0 2 - 4 ,8 , 9
102

C o a l m in in g

12

1.03

108.2

109.5

108.5

103.3

108.0

Oil a n d gas extraction
Crud e oil and natural gas
C ru d e oil, total
Natural gas
Natural gas liquids
Oil and gas well drilling

13

132
138

4.79
3.99
2.31
1.67
.25
.55

93.2
93.8
85.9
107.5
109.4
79.9

90.1
89 4
77.3
110.4
114.0
83.1

90.1
89.5
76.4
112.4
108.4
83.8

90.8
89.9
76.6
112.9
112.9
85.1

14

.58

99.1

110.9

112.4

20

202
2021
2022
2023
2024
202 6

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

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

114.8
129.8
110.4
125.7
159.6
82.1
112.4
89.1
138.4
113.8
130.8
95.0

203
204
205
206
20 7
208
20 82 ,3
20 86 ,7
209
2095

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

107.9
109.3
93.2
111.0
110.1
109.2
115.2
109.1
106.3
91.2

Tobacco products

21

1.63

95.8

Textile mill products

22

Iron ore
Nonferrous ores
Copper

Stone and earth minerals
Foods
Meat products
Beef
Pork
Poultry
Miscellaneous meats
Dairy products
Butter
Ch eese
Concentrated milk
Frozen desserts
Milk and misc. dairy products
C a n n e d and frozen food
Grain mill products
Bakery products
S u g a r and confectionery
Fats and oils
Beverages
Be er and ale
Soft drinks
Coffee and miscellaneous
Roasted coffee

131

201

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

169.9
124.1
179.0
150.4

154.2
103.2
164.5
142.0

157.7
110.2
167.3
139.1

166.4
118.7
176.0
155.2

162.8

169.5
150.4

173.0
129.0
181.7
147.4

114.8

109.5

109.4

104.9

105.4

115.3

120.5

109.9

90.2
88.7
76.8
109.4
108.6
89.7

92.7
90.3
76.9
113.4
117.4
96.3

92.6
89.4
76.0

92.8
91.3
77.3
115.6
107.7
92.9

92.1
91.3
77.0
116.1
110.7
86.5

90.7
89.9
77.6
111.3
107.5
85.7

91.9
90.6
77.3
113.8
117.0
87.6

91.4
89.3
75.6

118.5
100.6

92.9
90.8
77.7
113.6
115.4
93.8

118.3
91.0

108.9

117.2

117.5

114.0

113.3

107.1

93.1

101.5

108.3

114.0

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

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

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

115.8
131.2
111.7
118.8
167.4
88.0
112.1
91.3
141.7
114.4
122.1
94.4

115.8
133.2
116.3
124.4
162.8
83.4
111.9
84.2
142.1
113.7
122.0
94.2

114.9
128.8
106.8
134.5
155.0
81.8
103.5
81.4
138.5
95.9
101.9
90.7

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

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

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

110.7
128.5
106.2
121.3
164.4
97.7
116.2
102.6
145.0
122.4
127.4
96.6

111.3
129.8
110.0
124.0
161.2
86.7
120.0
95.9
144.5
134.0
135.2
98.3

110.4
117.0
95.1
112.4
113.8
119.7
118.2
125.5
121.4
97.2

114.3
114.3
94.4
118.7
112.9
117.6
120.2
120.4
120.7
91.9

115.3
113.8
96.8
112.3
112.4
117.8
119.7
120.9
121.5
89.0

112.1
115.7
95.5
118.5
111.2
119.9
118.5
125.0
122.2
97.0

114.7
114.7
95.1
122.4
110.1
118.6

111.0
117.8
94.9
119.3
114.1
118.0

102.7
110.8
90.0
116.0
113.6
107.8
112.2
109.9
118.2
103.0

99.5
112.4
86.8
113.9
113.6
112.1
119.1
110.6
115.9
109.1

99.9
114.2
90.4
103.6
113.7
116.3

121.1
123.8

106.3
116.0
89.4
137.1
116.1
105.3
97.7
111.6
121.0
114.7

102.6
113.5
88.3
113.6
113.8
114.2

122.3
121.9
96.2

111.9
120.0
92.8
136.9
121.3
114.7
103.1
120.1
120.7
100.9

111.9
111.5
80.6

115.1
115.1

88.9

88.4

87.1

90.9

91.7

93.1

86.9

72.4

86.1

93.9

93.3

88.1

105.7
97.9

97.3
96.8
97.4
105.7
109.5
115.6
79.5
84.8
99.1
81.9

99.5
100.7
101.5
100.0
103.1
106.0
90.3
85.2
104.7
95.5

105.3
100.7
100.4
101.7
116.2
120.8
89.2
93.0
111.9
106.2

109.4
104.4
104.4
102.9
117.6
121.8
88.8
109.7
114.6
108.7

108.7
100.3
100.5
123.5
123.1
86.7
109.9
111.5
106.8

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

104.0
99.4
99.0
103.5
116.7
116.7
95.2
97.0
103.5
100.6

108.9
103.9
105.2
109.6
125.5
131.6
95.6
96.9
109.1
99.7

108.3
103.8
105.6
103.8
120.9
125.2
88.4
109.7
108.3
99.3

104.1
99.3
100.1
100.6
123.5
129.0
87.7
85.8
106.3
96.6

106.2
99.3
99.6
102.7
125.2
131.4
85.8
92.4
110.5
101.9

109.3
100.5
100.7
104.6
124.0
129.8
87.1
112.7
111.7
103.3

101.2
123.3
128.8
85.4
96.4
110.1
103.1

23

2.19

95.0

92.4

91.5

89.2

90.9

89.6

90.2

93.0

91.1

85.8

89.7

88.8

88.0

24

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

95.2
95.2
85.0
95.2
89.5
86.2
94.2

104.8
95.0
87.2
112.2
96.7
84.9
161.8

106.9
97.8
85.1
113.4
97.4
88.7
164.4

103.1
92.7
84.9
110.4
95.0
85.9
158.1

103.3
94.3
84.8
110.0
95.8
85.2
157.8

107.4
99.6
83.8
113.1
96.7
86.2
168.2

109.5
100.0
87.2
116.3
99.9
88.8
170.7

103.4
93.3
87.4
110.7
96.7
83.1
157.9

99.9
90.2
82.9
106.9
95.1
80.7
135.8

99.5
89.9
79.2
106.4
92.0
83.3
140.0

101.6
93.9
79.2
107.2
91.2
85.6
153.8

106.4
97.8
78.4
112.6
95.0
88.0
170.6

108.4
96.0
75.8
117.5
98.4
88.6
176.3

241,2
241
2 4 3 -5 ,9
243

2435,6
245

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




173.6
152.3

106.2
103.1
105.1
111.0
121.3
124.8
95.7
87.3
108.1
96.4

2 21-4
Fabrics
Cotton and synthetic
221,2
224
Na rrow fabrics
225
Knit goods
2 253,4,7 -9
Knit garments
Fabric finishing
226
Carpeting
22 7
Yarns and miscellaneous
228,9
2281, 2,4
Cotton and synthetic yarns

Apparel products

Aor/

12

Table 6 (continued)
INDUSTRIAL PRODUCTION: INDUSTRY SUBTOTALS AND INDIVIDUAL SERIES
Index. 1987 = 100
1992
Value
Index
ad d ed1

1995
Nov.

1.37
.63

99.2
97.1

109.8
106.4

109.3
106.8

109.3
106.2

110.5
107.0

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

110.0
110.4
109.9
109.8
111.8
109.6
112.3
108.1

116.2
114.0
107.0
113.6
117.2
117.7
123.3
114.7

118.2
114.4
107.8
115.6
114.4
121.2
129.9
116.5

114.9
113.9
108.1
112.3
118.6
115.6
121.1
112.6

P ri n ti n g a n d p u b l is h i n g
Ne w spap ers
271
Periodicals, books, and cards 272,3,7
J o b printing
2 7 4 - 6 ,8 , 9

6.76
1.63
2.01
3.12

98.1
77.0
103.5
107.3

99.3
67.4
106.6
115.3

98.8
68.3
103.8
115.2

28

9.85

114.4

126.0

281,2,6
281
2812
2816
2819

3.82
1.00
.08
.12
.67
.40

113.5
117.6
105.4
114.2
122.4
119.4

282
2821
2823,4
286

1.25
.75
.39
1.57

28 3 -5 ,9
283
284
285
287

Seaso nallvadiusted
1996
Dec.
Jan .
Fe b /
Mar/

Not seasonallv adjusted
1996
Mar/
Dec.
Ja n .
Fe b /

ADr/

Aor /

1995
Nov.

108.7
105.5

109.0
107.1

107.7
103.6

107.8
105.7

105.5
103.5

109.8
109.3

107.4
107.6

107.8
107.5

113.5
113.9
106.1
110.6
122.4
113.3
123.4
107.8

114.9
113.3
107.7
110.8
119.9
116.1
127.6
109.9

115.3
113.8

112.6
111.3
107.3
111.5
112.3
113.5
114.9
112.7

116.9
115.9
111.0
114.4
120.4
117.5
122.4
114.8

116.0
116.5
108.3
113.6
124.5
115.6
123.1
111.5

116.0
114.7
105.9
112.3
122.1
117.0
126.8
111.7

115.6
113.0

111.9
119.7
116.2
125.6
111.1

115.4
114.4
106.9
114.7
116.5
116.1
117.4
115.4

111.0
118.3
117.4
130.5
110.3

97.9
67.2
102.5
114.8

98.7
65.3
105.3
116.0

96.8
62.2
105.2
114.2

96.4
62.0
105.6
112.8

97.7
68.7
105.7
111.1

96.7
69.4
105.3
108.4

93.4
65.3
101.8
105.9

94.6
66.1
106.0
105.4

94.0
62.8
106.6
105.8

94.2
63.2
106.7
106.1

126.5

127.1

127.1

126.6

126.1

122.5

120.2

122.0

123.5

124.0

124.4

120.0
110.1
112.5
111.0
105.1
124.4

119.2
108.8
117.5
102.0
104.5
124.4

119.7
109.6
112.9
116.5
103.4
120.9

118.9
108.4
114.9
107.7
103.1
118.6

119.3
106.6
111.7
99.6
102.4
118.2

119.4
108.8

119.4
110.4
114.0
109.2
105.4
125.2

116.1
105.7
118.6
100.3
100.6
116.4

118.4
107.6
113.5
112.4
101.4
116.5

120.5
111.8
115.5
110.1
107.1
127.4

120.3
106.7
110.0
105.0
101.6
114.9

121.3
109.4

110.4
112.0
105.9
113.8

125.0
123.8
122.6
122.5

124.4
123.4
121.9
121.8

125.6
125.5
119.4
121.5

124.3
126.6
116.3
121.3

127.2
128.8
119.6
121.0

117.2
116.2
114.8
122.1

122.5
122.2
116.5
122.2

126.9
128.7
119.6
121.1

130.0
132.8
118.8
121.1

130.4

115.4
120.7

123.5
122.2
120.8
122.0

118.5
121.7

5.51
2.91
1.57
.43
.52

114.8
127.4
109.4
95.0
118.8

129.5
144.3
122.9
111.0
133.6

130.9
146.5
123.2
109.4
134.1

131.6
147.1
126.2
101.2
134.2

132.5
148.9
123.3
105.5
136.0

131.1
148.6
120.6
108.9
136.6

130.0
147.1
117.3
108.7
135.7

123.4
137.6
117.8
96.7
135.9

121.7
137.5
116.1
81.6
134.4

123.3
135.8
120.2
87.0
135.4

124.5
136.8
118.1
102.6
135.9

125.6
138.4
118.3
110.3
136.3

125.2
138.7
112.3
118.5
139.5

P e t r o le u m p r o d u c t s
Petroleum refining and misc.
291,9
Miscellaneous petroleum products
Distillate fuel oil
Residual fuel oil
Aviation fuel and kerosene
Automotive gasoline
Paving and roofing materials
295

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

102.6
104.3
105.1
109.0
100.8
101.0
103.2
93.5

107.4
106.4
104.3
115.7
75.3
108.4
105.6
114.2

108.9
107.7
107.5
117.9
90.3
107.5
105.4
117.7

108.9
108.1
106.2
118.1
87.1
114.2
105.5
114.6

110.2
109.2
102.5
123.7
86.5
110.0
107.9
117.3

109.9
109.7
104.5
118.7
77.7
112.7
110.0
112.7

110.3
110.3
105.2
120.3
76.1
117.5
109.5
112.5

110.0
108.2
97.9
122.5
79.2
110.1
108.5
123.3

109.6
109.2
92.7
122.4
96.6
113.9
110.6
113.3

101.5
103.1
85.8
114.0
87.5
117.9
103.7
93.3

101.7
103.0
88.8
115.3
87.7
109.6
103.6
95.5

102.1
103.5
97.3
114.0
79.2
105.9
103.3
94.8

107.7
108.6
104.6
119.9
77.4
110.1
107.8
103.6

R u b b e r a n d p la s tics p r o d u c t s
30
Tires
301
Othe r rubber products
302,5,6
Plastics products, nec
308

3.51
.39
.59
2.54

116.2
120.5
105.9
118.0

140.3
147.5
121.6
143.6

139.3
138.7
120.5
143.7

139.0
141.7
122.3
142.7

139.7
137.1
123.6
143.8

140.6
145.1
124.3
143.9

138.0
133.4
123.0
142.4

139.8
138.2
119.5
145.0

137.7
117.5
116.8
145.9

137.2
145.0
115.1
141.5

139.4
149.9
123.0
141.9

140.8
154.8
123.8
142.9

138.5
138.0
121.3
142.7

31
314

.27
.12

89.0
83.2

78.2
70.5

76.8
67.8

75.6
65.7

77.1
66.7

76.6
66.2

75.4
64.4

79.6
71.2

77.2
68.0

74.0
65.2

75.1
63.8

75.7
64.2

75.0
63.9

S t o n e , clay, a n d g la s s p r o d u c t s
32
Pressed and blown glass
322
Glass containers
3221
Cement
324
Structural clay products
325
C on crete and miscellaneous
3 26-9

2.07
.35
.18
.13
.10
1.18

95.3
100.7
93.5
88.3
87.9
92.7

104.9
90.7
71.3
99.0
86.4
105.2

104.3
94.0
75.4
97.7
85.6
103.7

105.5
99.7
83.1
98.5
83.7
103.5

104.1
97.8
79.0
101.5
84.8
101.6

103.0
91.3
72.4
99.6
85.1
102.7

104.3
94.5
74.9

105.1
89.5
68.9
97.0
84.6
106.3

100.2
82.6
57.5
74.7
78.3
104.0

99.3
92.6
75.4
59.3
76.3
101.8

100.4
97.8
81.6
70.4
83.5
99.1

101.3
93.5
76.8
84.6
86.7
100.9

104.0
95.4
77.2

Item
F u r n i t u r e a n d fixtures
Household furniture

SIC

25
*

Paper and products
Pulp and paper
W o o d pulp
Pape r
Paperboard
Pap er products
Paperboard containers
Con verted paper products

251

26
2 6 1 -3
261
262
263
265,7
265
267

27

C h e m ica ls and p ro ducts
Industrial chemicals and
synthetic materials
Basic chemicals
Alkalies and chlorine
Inorganic pigments
Inorganic chemicals, nec
Acids and other
Synthetic materials
Plastics materials
Synthetic fibers
Industrial organic chemicals
Che mica l products
Dru gs and medicines
S o a p and toiletries
Paints
Agricultural chemicals

29

L e a th e r a n d p r o d u c t s
Sh oes

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




13

110.8
104.0
119.7
126.4

85.9
103.4

112.3
104.6
119.6

88.1
102.8

Table 6 (continued)
INDUSTRIAL PRODUCTION: INDUSTRY SUBTOTALS AND INDIVIDUAL SERIES
Index. 1 9 8 7 = 100

Primary metals
Iron and steel
Basic steel and mill products
Basic iron and steel
Pig iron
R aw steel

SIC

33
331,2
331

1995
Nov.

k!
Q
<

Item

1992
Value
add ed1
Index

1995
Nov.

3.11
1.74
1.33
.30
.18
.09

101.9
104.7
106.9
102.4
106.9
101.2

120.8
126.1
130.9
113.5
118.5
116.4

120.0
122.7
125.4
111.6
114.3
118.0

121.5
128.1
132.9
111.9
116.8
113.9

117.1
119.5
122.0
110.5
115.0
112.5

117.1
120.2
124.3
111.7
115.8
114.9

118.6
121.9
126.7
108.6
111.2
112.9

119.8
124.8
128.0
113.3
119.3
114.8

116.7
118.5
120.7
110.7
116.0
112.0

121.0
126.4
132.6
112.1
117.2
114.1

120.5
123.7
127.1
112.6
116.6
117.1

120.1
123.8
127.7
113.6
117.3
118.6

121.0
125.3
130.3
109.8
111.5
115.4

108.4
98.0
93.5
108.8
93.4
116.3
97.5

136.4
123.2
113.0
141.2
89.6
149.2
111.7

129.6
114.4
114.4
147.6
103.0
136.9
113.6

139.5
133.3
123.0
164.6
98.3
144.2
113.0

125.6
113.1
108.3
137.9
93.5
134.1
111.4

128.3
111.4
112.8
142.8
97.3
137.1
107.5

132.3
127.1
118.9
144.0
95.2
138.3
106.7

132.6
121.8
110.9
142.0
85.8
143.5
114.2

123.8
101.0
108.5
140.5
125.7
131.0
110.9

139.0
130.7
127.1
155.0
84.7
146.2
107.2

131.7
125.2
117.4
137.9
90.2
139.6
112.7

132.1
122.3
119.2
137.0
99.8
140.2
111.3

136.6
135.3
122.0
144.5
94.3
142.9
109.8

Seasonallv adjusted
1996
Dec.
Jan.
F eb.r
Mar/

Not seasonallv adjusted
1996
Jan.
Feb/
Mar/
Dec.

Apr/

Steel mill products
C o ns um er durable steel
Equipment steel
Construction steel
C an and closure steel
Miscellaneous steel
Iron and steel foundries

332

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

Nonferrous metals
Primary nonferrous metals
Copper
Aluminum

3 3 3 -6 ,9
333
3331
333 4

1.37
.20
.06
.10

98.1
117.2
125.0
120.5

113.8
118.8
138.0
103.3

116.2
118.3
130.2
105.0

113.0
125.0
144.4
105.6

113.6
119.2
134.1
106.4

112.8
117.2
132.1
106.5

114.1
118.3
135.7
107.0

113.4
118.8
139.4
103.5

114.0
117.8
128.5
105.2

113.9
125.1
141.8
105.9

116.0
122.8
137.6
106.6

115.1
120.6
137.2
106.7

115.2
119.2
136.2
106.7

Nonferrous products
Nonferrous mill products
Aluminum
Nonferrous foundries

335,6
335
3353-5
336

.97
.73
.28
.23

89.6
89.0
89.2
91.6

106.3
101.1
82.3
122.9

109.4
105.3
97.6
122.6

104.7
99.1
79.7
122.7

106.3
100.6
79.8
124.5

104.6
99.3
80.2
121.7

106.0
100.6
82.2
123.4

105.5
99.9
77.4
123.4

106.9
101.2
86.0
125.5

106.4
101.2
85.1
123.1

108.2
102.8
84.0
125.4

106.6
101.4
83.1
123.1

106.8
102.0
86.2
122.2

34

5.03
.22
.54
.48
1.28
2.80
1.56

99.0
108.8
94.8
92.8
94.8
101.5
104.5

114.5
104.9
107.3
103.2
112.1
118.9
128.0

115.0
104.6
108.5
105.0
113.2
118.7
128.0

115.6
110.0
108.9
105.9
112.2
120.6
132.3

117.0
109.4
111.4
108.6
114.1
120.8
131.3

116.0
103.5
105.8
102.2
115.4
119.9
129.5

115.8
100.4
106.7
103.3
115.6
119.8
129.4

114.9
94.1
106.6
102.0
114.3
118.7
126.5

114.6
92.2
106.4
102.1
115.6
117.9
123.9

111.3
94.3
102.3
98.7
110.0
116.4
123.9

114.6
90.1
109.4
106.7
109.7
121.3
131.9

115.4
99.2
105.4
101.8
111.4
121.8
133.0

113.7
97.1
104.4
101.4
111.5
119.6
130.2

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

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

186.5
111.8
138.2
131.1
134.9
142.4
120.5
109.1
126.0
417.8
137.9
130.7
135.5

190.1
111.8
137.8
129.4
137.0
140.9
120.1
108.0
125.9
431.7
147.4
142.0
137.8

191.9
111.7
139.3
127.5
136.5
140.0
121.8
107.1
128.9
442.9
138.8
131.5
145.9

196.1
105.9
140.1
128.8
137.9
142.0
125.3
108.0
133.6
463.3
143.9
136.9
143.8

198.7
106.2
140.1
128.7
138.5
142.0
123.3
107.4
130.9
481.0
145.5
139.3
143.1

199.6
105.0
141.3
128.2
137.4
142.6
122.3
106.5
129.9
495.4
139.3
130.2
142.0

181.0
114.1
134.3
129.6
132.3
143.6
119.4
110.6
123.6
399.5
124.6
112.4
132.4

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

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

195.1
105.9
147.6
128.5
135.2
142.5
123.5
108.9
130.5
454.1
151.9
148.0
140.4

198.8
106.6
149.5
129.1
136.2
143.0
121.9
108.1
128.6
468.3
161.5
161.0
140.6

196.4
103.5
147.0
127.0
133.2
140.3
120.0
105.5
126.9
471.3
154.8
152.1
137.7

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 3 4 5 - 9
Fasteners, stampings, etc.
345-7

Industrial machinery
and equipment

35

Engines and turbines
351
Farm
352
Construction and allied
353
Metalworking
354
Special industry machinery
355
General industrial machinery
356
Bearings and gears
35 62,6,8
Eguipment
3 5 6 1 , 3 -5 ,7 , 9
C om pu te r and office equip.
357
Service industry machines
358
Refrig, and heating equip.
3585
Miscellaneous machinery
359

Electrical machinery

36

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

361,2
361
363
3631
3632
363 3
3634,5,9
3634
3639

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

123.5
103.2
98.4
106.9
95.7
113.3
108.3
107.8
99.3
102.3

183.6
120.1
100.7
139.1
105.4
139.9
157.6
143.4
110.7
157.2

182.8
119.2
102.5
141.8
114.0
130.2
165.0
147.3
113.3
166.1

182.4
121.5
102.7
129.3
77.7
134.8
140.6
141.0
112.9
142.8

188.7
123.1
104.6
132.5
92.2
129.2
142.2
144.8
116.3
148.4

188.0
121.5
100.4
136.7
115.1
130.1
133.2
149.4
115.4
160.7

188.5
123.0
102.0
134.0
98.5
125.7
144.0
146.5
112.3
155.0

185.3
117.7
98.4
133.8
109.3
118.6
150.8
142.3
123.0
152.5

183.9
115.0
97.4
123.4
93.7
91.9
134.9
143.5
118.4
156.7

179.8
116.8
97.3
126.2
79.1
123.5
138.4
139.6
106.5
142.6

187.6
120.1
102.1
140.8
99.4
138.4
159.3
149.3
108.3
162.1

187.8
120.0
99.2
143.7
116.8
141.0
146.8
153.7
109.7
170.7

186.0
120.9
97.7
135.1
102.9
134.3
147.7
142.0
106.3
157.4

Audio and video equipment
Communication equipment
Electronic com pon ents
Misc. electrical supplies
Storage batteries

365
366
367
369
3691

.21
1.59
2.66
.68
.11

126.1
120.0
153.8
106.0
93.3

158.5
155.8
293.1
138.0
109.5

136.1
155.5
291.8
142.2
131.6

134.6
155.6
293.7
136.2
103.5

143.3
160.2
303.4
145.8
126.1

128.6
160.2
304.6
145.9
128.3

152.6
159.1
304.8
146.5

174.6
159.6
296.5
141.4
119.1

130.8
162.8
297.8
146.5
138.0

125.7
155.0
292.9
134.6
92.5

137.3
158.5
302.8
143.2
114.9

126.9
159.4
304.7
142.4
114.1

133.6
156.9
301.7
141.4

37

3714
3716

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

104.8
107.4
90.0
119.7
121.7
125.2
117.3
114.8
87.6

108.6
140.7
103.4
173.0
174.2
182.8
163.4
153.1
164.0

109.7
141.2
102.7
178.8
180.2
190.6
167.1
151.1
171.2

108.3
135.5
95.8
169.5
172.6
180.4
162.7
149.7
153.0

112.1
141.1
102.8
179.4
183.0
194.4
168.5
151.1
152.9

102.9
121.3
79.5
159.8
162.9
173.1
150.0
133.5
185.8

114.3
144.3
107.4
179.0
183.2
192.7
171.3
155.3
151.9

108.7
140.3
103.8
170.4
172.2
182.1
159.8
154.5
133.9

105.4
130.7
91.6
151.3
151.7
159.9
141.5
154.4
128.8

106.2
131.2
90.8
160.5
163.2
168.2
157.0
149.7
143.9

115.9
148.9
113.6
193.0
196.9
208.5
182.3
151.2
163.0

107.4
130.0
89.0
178.0
181.3
193.2
166.2
134.4
199.0

115.6
147.2
113.0
188.1
192.7
203.2
179.4
149.6
190.9

3 7 2 -6 ,9
372
373
37 4 -6 ,9

4.73
2.95
.51
1.26

102.3
107.8
93.6
95.2

77.7
70.5
88.4
88.4

79.4
73.4
89.0
87.9

82.2
79.6
86.7
86.2

84.2
82.8
87.5
86.1

85.2
83.9
88.0
87.0

85.5
84.2
89.1
87.2

78.3
71.2
89.1
89.0

81.1
75.5
91.7
88.8

82.2
79.6
86.4
86.2

84.2
83.1
87.6
85.5

85.7
84.7
89.0
86.9

85.2
83.5
89.8
87.4

Transportation equipment
Motor vehicles and parts
Autos
Trucks and truck trailers
Truck s and buses
C o n s u m e r trucks
Business vehicles
Motor vehicle parts
Motor hom es
Aerospace and miscellaneous
transportation equipment

Aircraft and parts
Ships and boats
Railroad and miscellaneous

371

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




14

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

1992
Value
SIC added1 Index

1995
Nov.

ADr/

1995
Nov.

5.36
4.32
1.56

106.3
107.0
138.2

111.5
109.5
158.7

109.7
107.7
154.2

111.0
108.9
159.6

113.4
111.6
163.0

113.0
111.3
159.4

112.7
110.0
157.0

111.1
108.8
153.9

109.8
107.7
146.5

108.6
106.0
147.3

111.2
109.1
153.0

111.7 110.5
109.7 107.4
151.7 148.8

1.32
.67
.65

106.9
106.5
107.4

123.3
117.1
129.9

123.5
118.5
128.8

122.1
116.5
127.8

124.0
118.5
129.7

124.0
117.4
130.5

122.7
115.7
130.2

127.8
123.5
132.2

124.4
119.2
129.9

118.5
112.8
124.4

121.1
116.4
126.1

123.1
117.2
129.2

121.6
115.1
128.5

Generation
Fossil fuel
Hydro and nuclear

6.15
2.64
1.32
1.32

111.7
111.3
103.6
121.4

123.6
122.2
108.4
139.7

123.9
123.5
109.9
140.7

125.5
124.6
111.3
141.5

126.6
124.8
107.5
146.4

127.1
127.1
108.7
150.1

125.3
125.3

115.0
115.8
102.6
132.4

124.6
124.6
107.9
145.6

132.8
129.9
111.6
152.8

126.9
128.0
107.5
153.3

121.3
121.3
100.8
146.5

112.8
114.2

Sales
Residential
Nonresidential
Commercial and other
Industrial

3.51
1.43
2.08
1.21
.87

112.0
109.9
113.4
112.8
114.2

124.7
125.5
124.1
128.0
118.5

124.2
124.5
123.9
126.4
120.2

126.2
128.3
124.7
127.7
120.5

128.0
129.2
127.1
129.9
123.2

127.1
128.7
125.9
128.4
122.5

125.3

114.4
108.7
118.4
119.0
117.4

124.6
130.7
120.2
122.3
117.1

135.0
152.7
122.4
126.8
116.3

126.0
135.2
119.5
122.0
116.0

121.4
122.5
120.5
121.2
119.4

111.8
116.4

1.57
.64
.28
.46

112.7
108.7
115.4
114.4

132.5
128.7
141.6
132.2

129.9
123.1
142.5
131.2

125.6
121.3
130.4
126.9

126.3
122.6
130.5
127.2

131.1

126.6

137.0
136.3
148.2
133.6

187.5
208.9
211.9
163.2

221.1 201.4
260.9 235.0
242.6 224.3
183.5 168.3

178.3

131.4

Item
Instruments

Scientific and medical
Medical instruments

38

381-4
384

Misc. manufactures

Consumer goods
Business supplies
Electric utilities

Gas utilities

39

391,3,4,6
395,9
491,3pt

492,3pt

Residential
Commercial and other
Gas transmission

Seasonallvadiusted
1996
Jan. Feb/ Mar/
Dec.

124.4

Not seasonally adjusted
1996
Dec.
Jan. Feb/ Mar/

ADr/

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

Table 7
INDUSTRIAL PRODUCTION: GROSS VALUE OF PRODUCTS
Billions of 1992 dollars at annual rates, seasonally adj usted
1994
Item
1992
1995
CM
Products, total

1995
Q1

Q2

Q4

Q3

1996
Q1r

2002.9 2245.6 2232.6 2248.8 2235.7 2254.9 2253.9 2270.1

1995
Dec.

1996
Jan.

Feb /

2265.7 2248.9 2293.1

Mar/

Apr/

MayP

2268.4 2303.8 2312.8

1552.2 1748.7 1732.8 1750.6 1742.0 1757.3 1753.5

1771.4 1761.9 1753.0 1794.2 1767.0 1803.7 1811.9

Consumer goods
Durable
Automotive products
Other durable goods
Nondurable

1033.4
222.3
122.4
99.9
811.1

1130.5
272.9
160.6
112.3
857.6

1129.0
277.1
162.5
114.5
851.9

1133.7
279.9
166.2
113.8
853.8

1125.3
269.6
158.7
110.9
855.7

1133.6
271.4
159.0
112.4
862.2

1134.5
273.8
160.3
113.5
860.7

1134.0
264.5
154.2
110.3
869.5

1139.0
277.1
162.9
114.1
861.9

1124.7
262.4
154.1
108.4
862.2

1148.4
274.4
163.4
111.0
874.0

Equipment, total
Business and defense
Business
Defense and space

518.8
500.3
415.6
84.7

618.3
594.6
528.2
66.4

603.9
580.8
510.7
70.2

616.9
593.5
524.7
68.8

616.7
593.1
525.7
67.4

623.7
599.7
533.3
66.4

619.1
595.3
531.8
63.5

637.4
612.7
549.3
63.4

622.9
599.0
536.5
62.4

628.4
604.6
542.6
62.0

645.8
621.4
557.9
63.6

638.1
612.0
547.5
64.5

657.0
630.1
565.7
64.5

661.9
634.3
569.7
64.6

450.7
177.0
273.7
70.6

496.9
200.6
296.3
77.0

499.8
203.4
296.4
75.1

498.1
202.9
295.2
74.8

493.6
198.9
294.7
75.9

497.6
199.6
298.1
78.6

500.4
202.4
298.0
79.1

498.7
201.8
296.8
79.5

503.8
205.4
298.3
79.9

495.9
198.3
297.6
79.6

498.8
201.7
297.2
79.2

501.3
205.6
295.8
79.8

500.1
204.9
295.2
79.6

500.9
205.2
295.6
79.4

Final products

Intermediate products

Construction supplies
Business supplies
Commercial energy products

1128.9 1146.7 1150.0
256.7 277.8 278.6
145.2 165.6 166.5
112.1
111.5
112.3
872.2 868.8 871.4

Table 8
DIFFUSION INDEXES OF INDUSTRIAL PRODUCTION
Percent
Jan.

Year

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.

Oct.

Nov.

Dec.

50.0
52.7
40.4

62.7
45.0
65.0

65.8
48.5
53.7

60.4
42.7
48.3

63.8
49.2

59.2
51.5

59.6
48.5

58.1
58.8

52.3
53.5

60.0
44.4

58.8
51.7

63.5
49.6

61.9
62.7
47.3

63.5
53.1
50.8

69.2
46.5
54.2

72.7
40.8
60.2

73.1
40.0

67.7
43.8

67.3
47.7

66.9
52.3

61.5
57.3

60.0
50.4

62.7
49.6

66.9
49.6

63.1
68.5
48.1

66.5
58.1
49.2

70.8
60.4
53.5

73.1
54.2
56.3

77.7
47.7

72.3
38.8

74.2
41.2

75.4
44.2

69.6
47.3

70.8
47.3

68.5
52.3

73.1
51.5

One Month Earlier

1994
1995
1996
Three Months Earlier

1994
1995
1996
Six Months Earlier

1994
1995
1996

'

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




15

Table 9
ELECTRIC POWER USE: MANUFACTURING AND MINING
Index. 1987=100
Item

776.5
351.3
425.2
74.2

1987 SIC

Total
M AJOR INDUSTRY G RO UPS
Manufacturing
Durable
Nondurable
Mining
INDUSTRY GRO UPS and SERIES
Metal mining
10

1995
Nov.
116.0

Seasonally adiusted
1996
Jan.
Feb.r
Mar.r
Dec.
117.8 118.6 116.5
116.1

116.3
111.3
120.7
112.0

116.4
112.6
119.9
112.2

118.2
114.4
121.6
113.0

118.9
114.8
122.5
115.2

1987
Billion
KWH
850.7

ADr.P
116.5

1995
Nov.
114.7

Not seasonally adiusted
1996
Jan.
Feb /
Mar/
Dec.
114.2 114.6 114.1
114.7

ADr.P
115.0

116.6
112.1
120.6
115.4

116.7
112.1
120.8
113.9

114.9
110.0
119.3
112.0

114.1
110.0
117.9
115.0

114.5
110.5
118.1
115.8

114.2
111.5
116.6
113.8

114.7
112.1
117.1
113.9

115.1
111.0
118.8
114.3

Iron ore
Copper ore

101
102

14.6
6.3
4.8

160.7
173.0
158.1

162.2
171.7
161.6

154.4
140.1
174.2

164.1
159.6
179.8

161.3
168.2
164.2

161.1
159.2
170.4

158.2
167.5
156.7

162.1
169.7
161.9

156.7
144.2
172.5

156.4
148.7
171.3

155.0
160.3
154.2

159.2
161.3
164.3

Coal mining

12

13.4

102.0

99.1

97.3

101.1

99.9

100.1

102.7

105.3

109.6

114.0

109.1

104.5

13

33.0
27.7
3.7

91.5
92.2
75.4

92.2
92.1
84.5

96.5
97.1
84.7

96.0
94.7
91.1

97.0
96.7
88.1

94.9
94.8
85.0

90.6
91.4
74.6

95.4
95.4
86.9

99.4
99.6
87.9

93.3
93.0
85.4

95.1
95.4
84.6

94.3
94.6
84.2

12.3
3.5
2.9
3.9

120.4
137.5
126.5
114.3

122.5
138.1
123.3
118.8

128.3
145.2
134.7
120.5

126.0
152.4
130.5
116.1

129.8
152.0
126.3
125.3

126.2
147.9
120.5
122.3

125.2
149.7
135.2
115.5

122.5
136.6
122.1
120.0

117.8
115.2
113.4
120.3

115.3
117.7
107.7
116.4

119.7
121.0
107.7
124.3

126.0
141.3
115.7
125.0

201
202
203
204
205
206
207
208
209

52.9
8.7
6.5
6.6
10.9
3.3
3.7
3.4
5.9
3.9

126.8
142.0
112.7
124.3
141.5
127.9
149.3
147.9
109.7
110.2

125.7
142.7
110.5
128.7
137.1
127.0
153.5
143.4
105.0
109.5

127.9
142.0
115.2
131.0
141.3
130.4
153.0
146.3
105.4
112.3

127.0
145.2
111.1
126.3
139.7
128.7
149.4
146.8
108.8
110.2

125.9
139.4
111.0
129.3
141.2
128.3
141.6
148.3
106.4
109.8

126.3
141.2
106.3
125.2
144.2
128.1
144.5
158.5
104.6
112.7

126.8
139.3
107.6
125.9
144.7
125.4
174.8
151.7
105.5
109.3

122.1
137.9
104.8
119.6
136.2
121.0
172.8
154.7
97.9
105.6

121.8
135.1
108.4
116.6
138.2
121.9
165.1
158.4
96.2
106.4

118.2
133.3
101.8
112.1
137.1
117.6
153.8
149.6
96.8
101.5

118.2
130.5
105.0
115.6
137.7
119.8
134.6
148.2
97.7
102.6

119.2
134.7
104.7
112.5
139.6
122.7
122.7
153.9
99.9
106.4

21

1.7

112.0

113.7

111.5

118.8

116.0

117.7

109.9

107.2

100.1

116.6

111.9

111.4

Textile mill products

22

Fabrics
Knit goods
Fabric finishing
Yarn and thread
Miscellaneous textiles

221-4
225
226
228
229

29.9
11.6
3.4
2.2
8.4
2.9

115.7
103.2
141.9
119.4
118.5
130.8

109.1
96.0
135.1
117.1
111.0
125.9

112.6
97.0
139.2
117.9
117.7
131.3

116.0
101.1
141.9
118.4
121.5
132.2

111.8
96.1
140.3
123.5
118.0
127.7

113.4
96.0
138.7
123.4
122.0
132.8

111.2
99.1
135.3
117.1
113.0
127.4

102.1
89.7
125.3
113.6
102.9
119.0

95.7
82.1
114.9
108.0
97.2
116.5

108.0
94.1
131.2
115.0
112.3
123.9

107.3
92.1
132.2
122.0
113.0
123.8

110.4
93.4
133.1
124.2
118.9
129.3

6.6
1.9
1.9

104.5
116.0
91.9

102.8
116.2
88.9

103.9
116.1
89.9

105.8
121.0
94.0

103.5
119.7
94.3

103.3
119.7
91.7

98.0
107.0
85.2

93.2
103.4
80.2

89.7
97.3
77.9

96.7
107.3
84.1

94.5
105.7
83.6

94.3
107.0
82.0

21.6
7.9
5.7

124.0
108.6
116.5

121.9
106.4
115.4

124.3
108.0
119.1

124.8
110.5
121.5

123.8
109.4
117.4

125.9
109.7
121.1

123.8
110.8
116.5

122.8
108.6
116.2

125.3
110.7
119.5

127.2
115.1
123.0

125.9
112.9
119.2

127.2
112.5
122.7

5.7
3.2

120.0
114.5

120.2
115.0

121.2
114.5

121.7
115.4

119.3
112.6

120.1
115.6

117.6
112.9

118.2
115.3

116.1
113.0

121.6
119.3

118.6
116.4

118.9
117.5

97.0
7.1
51.6
26.0
4.5
7.6

120.4
108.3
119.7
123.3
121.8
119.5

119.8
112.1
118.0
124.1
122.0
119.5

120.2
106.3
118.2
129.1
124.8
119.2

119.1
108.2
115.7
127.5
128.5
119.6

117.9
104.5
114.4
128.4
125.7
120.4

117.8
100.7
116.4
122.3
121.5
122.6

120.4
111.1
119.8
122.3
119.8
119.1

118.9
113.9
117.8
121.3
117.7
115.9

119.3
110.4
118.4
125.8
118.7
113.6

116.4
109.6
113.7
124.7
121.6
114.8

116.3
106.8
113.6
125.1
121.1
116.0

117.2
101.0
116.5
119.5
119.2
119.8

15.7
3.4
8.2

138.0
122.7
140.2

137.2
119.8
141.4

138.1
123.7
140.9

138.5
119.1
143.4

136.3
119.8
139.7

134.2
116.1
138.0

133.3
118.1
136.2

130.4
115.9
133.7

128.6
117.8
130.7

126.6
110.4
131.0

126.4
110.8
130.8

126.9
109.9
130.7

146.2
61.8
14.1
29.1
10.9
18.2

118.3
116.4
106.2
127.6
114.8
136.8

118.3
116.8
104.4
126.2
111.4
136.8

120.4
118.8
108.3
131.6
111.2
146.1

123.0
121.5
114.0
132.9
109.0
150.0

120.7
119.0
115.0
128.6
103.4
146.5

121.6
120.6
116.6
131.1
106.2
148.8

117.1
116.4
104.9
127.4
113.6
137.2

117.6
117.9
107.5
129.3
112.5
141.3

119.9
119.7
108.2
133.6
114.2
147.4

117.5
116.3
110.8
125.0
106.2
138.4

118.7
118.9
121.2
130.5
102.6
150.3

120.6
120.9
115.4
133.1
106.0
152.5

Oil and gas extraction

Crude oil and natural gas
Natural gas liquids
Stone and earth minerals

Crushed stone
Sand and gravel
Chemical and fertilizer materials
Foods

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

Apparel products

Men’s outerwear
Women’s outerwear

131
132
14

142
144
147
20

23

231,2
233

Lumber and products

24

Lumber
Millwork and plywood

242
243

Furniture and fixtures

Household furniture
Paper and products

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

Newspapers
Commercial printing
Chemicals and products

25

251
26

261
262
263
265
267
27

271
275
28

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




16

Table 9 (continued)
ELECTRIC POWER USE: MANUFACTURING AND MINING
Index. 1 9 8 7 = 1 0 0

Item

1987
Billion
KWH

1995
Nov.

282
2821
283
284
286
287

26.5
14.2
5.5
3.1
36.0
8.5

117.0
129.0
136.4
113.9
104.1
132.3

115.2
129.3
139.1
114.2
101.0
132.8

118.2
130.7
139.0
116.9
104.1
133.1

122.0
135.1
140.7
114.4
103.1
135.4

29

40.1

111.0

111.4

112.3

30

33.1
3.6
3.1
24.9

143.6
120.5
116.8
149.3

142.8
118.3
116.1
148.9

1.0
.4

93.1
89.8

33.8
1.7
6.7
10.1
1.6
5.1

Seasonailvadiusted
1996
Dec.
Jan.
F eb.r
Mar/

Not seasonallv adjusted
1996
Mar/
Dec.
Jan .
Feb/

Aor.P

Aor.P

1995
Nov.

119.2
132.3
140.3
112.0
105.2
136.6

119.2
133.5
138.8
109.0
106.1
132.0

115.5
126.9
130.4
111.3
103.5
131.4

113.3
127.5
130.8
109.9
101.1
132.6

117.3
130.2
128.6
113.6
104.3
132.6

116.7
130.7
129.5
111.7
100.7
130.3

114.9
129.9
131.0
112.0
104.9
131.5

117.8
133.4
131.2
106.5
105.5
131.4

110.4

108.4

106.4

108.4

111.7

113.3

103.2

102.8

105.2

145.0
120.0
116.5
151.4

145.2
119.7
117.8
151.6

146.4
116.9
119.0
153.7

146.0
117.6
117.6
153.2

142.6
116.9
115.9
148.6

137.5
108.5
113.9
144.0

133.1
110.2
111.1
138.0

142.1
113.8
118.9
148.3

145.2
113.3
120.1
152.4

145.4
115.4
117.2
152.7

92.5
88.1

97.4
93.7

98.6
89.9

94.0
86.7

96.3
88.9

91.4
87.1

89.0
83.0

91.6
85.5

95.8
87.4

91.7
84.0

94.5
85.9

107.6
111.7
101.1
104.3
112.7
99.9

109.1
116.9
105.2
108.7
112.0
99.6

111.1
113.6
110.6
107.5
111.1
97.0

110.2
110.1
107.4
110.6
114.2
95.1

107.0
113.6
100.8
104.1
115.8
96.7

109.8
112.5
104.8
107.3
115.2
94.6

109.8
109.6
100.9
111.9
113.5
101.5

108.7
113.6
101.6
110.8
113.0
100.2

105.1
108.0
104.2
97.4
106.7
94.2

102.1
105.7
104.0
89.5
108.6
91.1

102.5
111.4
99.7
92.2
110.3
94.0

108.0
110.5
103.5
104.0
113.2
93.8

137.9
54.4
9.9
55.8
51.2
2.7

110.1
119.4
118.9
87.4
78.4
120.7

112.9
122.2
121.0
91.3
85.2
120.5

113.5
124.1
120.3
91.0
86.5
123.7

115.0
126.3
118.7
91.8
84.5
121.6

111.2
118.8
114.5
90.5
85.7
119.7

110.5
123.3
114.3
85.5
75.2
118.6

109.4
118.8
120.9
86.2
77.9
122.5

111.8
119.7
117.4
92.4
87.0
118.5

113.2
124.7
113.6
92.1
87.2
117.0

112.1
126.1
119.4
85.9
77.7
120.8

113.6
124.3
117.9
90.3
83.9
120.1

110.9
125.4
117.0
84.3
74.7
119.2

31.5
2.5
2.7
5.6
1.7
7.1

116.2
133.7
113.3
111.5
111.9
131.7

115.9
128.2
115.2
112.2
108.4
131.2

118.4
130.2
116.2
112.9
111.1
137.0

118.7
129.1
119.3
114.4
111.4
134.8

117.0
129.5
112.3
112.7
110.6
132.8

115.9
123.9
113.6
112.0
107.8
130.9

115.5
129.8
111.8
112.5
111.0
132.2

112.8
120.2
112.0
111.2
104.2
129.3

113.2
122.9
108.3
112.8
106.2
128.3

119.5
127.2
117.0
118.1
112.9
137.2

119.0
129.6
111.8
114.4
113.7
139.1

116.1
124.2
111.3
112.4
109.1
133.8

33.4
2.5
1.6
4.2
4.2
2.5
4.8
6.1
3.3

114.2
114.0
148.0
100.5
133.9
111.6
117.2
89.1
150.7

114.4
116.4
145.5
100.2
136.4
114.7
117.0
88.6
147.3

115.6
114.5
143.0
104.1
135.0
116.2
119.7
87.9
150.1

116.3
119.1
145.5
107.0
136.2
115.7
123.9
85.1
153.1

115.3
111.0
142.5
103.4
136.5
116.7
121.2
86.4
152.4

115.3
109.0
142.3
102.1
135.1
117.2
120.2
88.5
154.7

111.7
109.7
137.4
99.9
130.6
109.8
114.9
86.8
146.8

110.4
108.4
136.0
97.5
130.4
111.9
111.4
89.0
138.1

108.9
106.2
144.8
97.9
125.2
110.3
111.7
84.0
136.9

114.6
112.1
152.2
105.1
132.7
115.6
120.9
84.9
145.5

114.0
108.0
148.1
102.6
133.4
115.8
119.0
85.7
146.5

112.8
108.2
145.3
100.3
130.2
113.8
117.3
85.7
149.8

31.3
1.4
4.1
2.5
2.9
.6
3.1
12.8

114.2
76.1
110.6
95.2
111.5
159.2
95.4
130.0

113.9
77.4
108.5
92.8
107.3
161.9
97.0
131.3

117.9
77.6
111.2
95.8
112.5
153.8
97.5
137.1

116.6
79.0
112.3
97.1
116.1
162.9
95.9
132.6

116.2
75.8
112.0
93.7
111.9
159.5
95.0
135.6

115.1
77.0
113.0
94.6
109.5
158.7
97.1
132.4

111.7
74.8
107.8
91.4
109.5
158.1
92.3
126.6

110.7
74.0
104.6
85.5
104.4
160.5
94.3
128.1

111.1
73.9
106.9
89.7
105.6
149.2
91.2
129.6

112.1
77.5
108.9
93.3
115.0
159.7
91.1
126.7

113.7
75.3
109.9
92.2
112.0
157.8
91.8
131.7

112.6
74.1
111.5
92.2
110.4
153.8
93.9
129.0

38.3
21.9
10.1
2.1

103.1
106.3
85.8
95.2

104.4
106.6
89.9
94.5

106.5
111.3
87.4
95.7

107.0
110.0
88.1
96.0

103.1
103.6
91.8
91.9

103.7
105.4
88.9
94.9

100.7
104.0
83.9
93.1

98.8
100.6
85.3
94.6

100.3
103.9
82.8
97.0

103.3
106.1
84.6
99.3

102.9
104.5
90.1
94.3

102.0
104.4
86.4
95.5

386

13.1
1.7

106.8
88.0

106.1
88.9

110.8
96.4

109.5
92.9

107.4
88.4

106.9
87.1

104.9
86.3

102.3
86.5

104.4
92.6

104.6
89.1

105.1
90.5

103.3
85.0

39

4.6

139.5

139.9

143.6

144.2

145.7

145.4

136.1

132.8

133.6

140.3

141.5

141.0

832.5

115.3

116.9
116.1
124.8

117.6
117.5
120.4

115.6
115.7
115.9

115.5
115.3
117.4

114.0
113.5
117.3

113.5
112.6
129.3

113.4

114.5
118.5

115.5
114.5
122.7

113.3

765.4
85.3

113.1

113.5
113.5

114.0

114.7

117.2

115.4

1987 S I C

Chemicals and Products (cont.)
Synthetic materials
'
Plastics materials
Drugs and medicines
Soap and toiletries
Industrial organic chemicals
Agricultural chemicals

Petroleum products
Rubber and plastics products

301
306
308

Tires
R ubber products, nec
Plastics products, nec

Leather and products

31

Shoe s

314

32

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

321
322
324
325
327

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

33
331
332
333
3334
336

Fabricated metal products

34

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

341
342
344
345
346

Industrial machinery
and equipment
Engines and turbines
Farm
Construction and allied
Metalworking
Special industry
General industrial
Co m pute r and office equip.
Service industry machines

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

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

Instruments
Photographic equip. & supplies

Miscellaneous manufactures

35
351
352
353
354
355
356
357
358

36
361
362
363
364
365
366
367

37
371
372
373

38

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




17

112.4
126.8

113.9

Explanatory Note

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

Industrial Production

Coverage. The industrial production (IP) index measures output in the
manufacturing, mining, and electric and gas utilities industries. For the period since
1992. the total IP index has been constructed from 260 individual series based on the
1987 Standard Industrial Classification (SIC). These individual series are classified
in two ways: (1) market groups (shown in table 1). such as consumer goods,
equipment, intermediate products, and materials; and (2) industry groups (shown in
tables 2 and 6), such as two-digit SIC industries and major aggregates of these
industries— for example, durable and nondurable manufacturing, mining, and
utilities.
M arket groups. For purposes of analysis, the individual IP series are grouped into
final products, intermediate products, and materials. Final products are assumed to be
purchased by consumers, businesses, or government for final use. Intermediate
products are expected to become inputs in nonindustrial sectors, such as
construction, agriculture, and services. Materials are industrial output requiring
further processing within the industrial sector. Total products comprise final and
intermediate products, and final products are divided into consumer goods and
equipment.
Timing. The first estimate of output for a month is published around the 15th of the
following month. The estimate is preliminary (denoted by the superscript “p” in
tables) and subject to revision in each of the subsequent three months as new source
data become available. (Revised estimates are denoted by the superscript “r” in
tables.) After the fourth month, indexes are not revised further until the time of an
annual revision or a benchmark revision. The last three benchmark revisions were
published in 1990, 1985, and 1976.
Source data. In annual or benchmark revisions, the individual IP indexes are
constructed from a variety of source data, such as the quinquennial Censuses of
Manufactures and Mineral Industries and the Annual Survey of Manufactures,
prepared by the Bureau of the Census; the Minerals Yearbook, prepared by the
Bureau of Mines; and publications of the Department of Energy. On a monthly basis,
the individual indexes of industrial production are constructed from two main types
of source data: (1) output measured in physical units and (2) data on inputs to the
production process, from which output is inferred. Data on physical products, such as
tons of steel or barrels of oil, are obtained from private trade associations as well as
from government agencies including those listed above; data of this type are used to
estimate monthly IP where possible and appropriate. When suitable data on physical
product are unavailable, estimates of output are based on either production-worker
hours or electric power use by industry. Data on hours worked by production workers
arc collected in the monthly establishment survey conducted by the Bureau of Labor
Statistics. The data on electric power use are described below. The factors used to
convert inputs into estimates of production are based on historical relationships
between the inputs and the comprehensive data used to benchmark the IP indexes;
these factors also may be influenced by technological or cyclical developments.
Especially for the first and second estimates for a given month, the available source
data are limited and subject to revision.
Weights. In the index, series that measure the output of an individual industry are
weighted according to their proportion in the total value-added output of all
industries. The industrial production index, which extends back to 1919, is built in
chronological segments that are linked together to form a continuous index
expressed as a percentage of output in a comparison base year (currently 1987). Each
segment, which usually spans five years, is a Laspeyres quantity index showing
changes in quantities with prices (Census value added per unit of output) held at
base-year values for the segment. For the period from 1992 to the present. IP is
aggregated on the basis of 1992 value-added weights. The aggregation of the index
for the 1987-91 period is based on 1987 weights, whereas 1982 weights are used for
the 1982-86 period. The other weight years in the postwar period are 1977, 1972.
1967. 1963. 1958, 1954, and 1947. The 1992 value-added weights used to aggregate
the index are shown in the first column of tables I, 2, and 6, in the “Value added”
column under the heading “ 1992.”
Seasonal adjustment. Individual series are seasonally adjusted by the X -l 1ARIMA
method, developed at Statistics Canada. For series based on production-worker
hours, the current seasonal factors were estimated with data through October 1995;
for other series, the factors were estimated with data through at least June 1995. In
some cases, series were preadjusted for the effects of holidays or the business cycle
before using X -l 1 ARIMA. The seasonally adjusted total index is calculated by
aggregating the seasonally adjusted major market groups, and may not precisely
equal an aggregation of the seasonally adjusted industry groups.
Reliability. The average revision to the level of the total IP index, without regard to
sign, between the first and the fourth estimates was 0.29 percent during the 1987-95




18

period. The average revision to the percent change in total IP, without regard to sign,
from the first to the fourth estimates was 0.21 percentage point during the 1987-95
period. In most cases (about 82 percent), the direction of change in output indicated
by the first estimate for a given month is the same as that shown by the fourth estimate.
Rounding. The published percent changes are calculated from unrounded indexes,
and may not be the same as percent changes calculated from the rounded indexes
shown in the release.
References. Industrial Production— 1986 Edition contains a more detailed
description of the methods used to compile the index, plus a history of its
development, a glossary of terms, and a bibliography. To obtain Industrial
Production— 1986 Edition ($9.00 per copy), write to Board of Governors of the
Federal Reserve System, Publications Services, Washington, DC 20551. The 1990
and 1993 revisions to the index were described in the Federal Reserve Bulletin, vol.
76 (April 1990), pp. 187-204 and vol. 79 (June 1993), pp. 590-605, respectively.
Two revisions were published in 1994 and were described in the Federal Reserve
Bulletin, vol. 80 (March 1994), pp. 220-6 and vol. 81 (January 1995), pp. 16-26. The
annual revision published in November 1995 was described in the Federal Reserve
Bulletin, vol. 82 (January 1996), pp. 16-25.

Capacity Utilization
Definition. Capacity utilization is calculated for the manufacturing, mining, and
electric and gas utilities industries. For a given industry, the utilization rate is equal to
an output index divided by a capacity index. Output is measured by seasonally
adjusted indexes of industrial production. The capacity indexes attempt to capture
the concept of sustainable practical capacity, which is defined as the greatest level of
output that a plant can maintain within the framework of a realistic work schedule,
taking account of normal downtime, and assuming sufficient availability of inputs to
operate the machinery and equipment in place. The 75 individual capacity indexes
are based on a variety of data, including capacity data measured in physical units
compiled by trade associations, surveys of utilization rates and investment, and
estimates of growth of the capital input.
Groups. Estimates of capacity and utilization are available for a variety of groups,
including primary and advanced processing industries within manufacturing,
durable and nondurable manufacturing, total manufacturing, mining, utilities, and
total industry. Component industries of the primary and advanced processing groups
within manufacturing are listed in the note on tables 2 and 3 of the release.
Weights. Value-added proportions are used to weight the individual capacity
indexes in aggregations in the same manner as individual IP series are aggregated to
the total index of industrial production. Although each utilization rate is the result of
dividing an IP series by a corresponding capacity index, aggregate utilization rates
are equivalent to combinations of individual utilization rates aggregated with
proportions that reflect current capacity levels of output valued in base-period
value-added per unit of actual output. The implied proportions of individual industry
operating rates in the rate for total industry for the most recent year are shown in the
first column of table 3.
Perspective. The historical highs and lows in capacity utilization shown in the tables
above are specific to each series and did not all occur in the same month. Industrial
plants usually operate at capacity utilization rates that are well below 100 percent:
none of the broad aggregates has ever reached 100 percent. For total industry and
total manufacturing, utilization rates have exceeded 90 percent only in wartime.
References. The basic methodology used to estimate capacity and utilization is
discussed in the Federal Reserve Bulletin, vol. 71 (October 1985), pp. 754-66. The
1990 and 1993 revisions were described in the Federal Reser\>e Bulletin, vol. 76
(June 1990), pp. 412-35 and vol. 79 (June 1993), pp. 590-605, respectively. Two
revisions were published in 1994 and were described in the Federal Reserve Bulletin,
vol. 80 (March 1994), pp. 220-6 and vol. 81 (January 1995), pp. 16-26. The annual
revision published in November 1995 was described in the Federal Reserve Bulletin,
vol. 82 (January 1996), pp. 16-25.

Electric Power
Data on electric power (expressed in kilowatt hours) are collected by the Federal
Reserve District Banks from electric utilities and also from manufacturing and
mining establishments that generate electric power for their own use (cogenerators).
The indexes of power use shown in table 9 are sums of kilowatt hours used by an
industry or industry group expressed as a percentage of that industry’s or group’s
usage in 1987. The first column of the table shows, for reference, electric power use
in billions of kilowatt hours as reported by manufacturing and mining industries in
the 1987 censuses of those industries. The supplementary group, “Total, less nuclear
nondefense,” is shown separately because the value-added proportion for the
nondefense nuclear material series (part of SIC 2819) in total IP is considerably
smaller than its share of total electric power use. Excluding this component from total
power use facilitates comparisons with total IP.

Release Schedule for 1996
At 9:15 a.m. on January 24, February 16, March 15, April 16, May 15, June 14, July
16, August 15, September 17, October 17, November 15, and December 16.

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