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

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FEDERAL RESERVE statistical release
^•^LRE§V:

For release at 9:15 a.m. (EDT)
June 17,1997

G.17 (419)

INDUSTRIAL PRODUCTION AND CAPACITY UTILIZATION

Industrial production increased 0.4 percent in May, about the same as in the previous two months; April
growth was revised up to 0.3 percent, and March growth was revised down to 0.4 percent. The production of motor
vehicles partially rebounded in May, as one of the strikes that had begun in April ended in early May. Continued strength
in commercial aircraft and the high-technology sector also contributed to the widespread gains among durable
manufacturing industries. In addition, coal production jumped substantially, apparently in response to demand by electric
utilities to replenish inventories. At 119.7 percent of its 1992 average, industrial production in May was 43 percent
above its level of May 1996. The rate of industrial capacity utilization edged up 0.1 percentage point, to 83.7 percent.
Market Groups
The output of consumer goods was about unchanged; gains in the production of durable goods were offset
by declines in nondurable consumer goods. Among durables, the output of motor vehicles recovered about one-fifth of
(over)

INDUSTRIAL PRODUCTION AND CAPACITY UTILIZATION; SUMMARY
Seasonally adjusted
— — — ^ — l i l | ' Pfcl

Mar/

Apr/

MayP

Total fnd@i
Previous estimates

118.4
118.4

118.8
119.0

119.2
119.0

119.7

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

114.8
111.6
133.8
120.0
124.1

115.3
112.2
134.4
121.4
124.5

115.3
111.7
135.7
120.4
125.5

115.5
111.6
136.4
120.8
126.4

Major industry groups:
Manufacturing
Durable
Nondurable
Mining
Utilities

120.1
130.8
108.6
106.3
110.2

120.5
131.7
108.7
107.6
109.9

120.8
132.4
108.5
107.1
112.4

121.4
133.4
108.8
109.2
110.2

industrial Production

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




|

Average- •
1967-96

1982
Low

82.1

71.1

81.2
80.6
82.3
87.5
87.2

69.0
70.4
66.2
80.3
75.9

Pef^nTcRSTae

h l ' l i — — —

1997
Feb/

;

|
!
I
i
|

1997
Feb/

Mar/

Apr/

MayP

.5
.5

A
.6

.3
.0

.4

4.3

.5
-.1
1.3
2.5
,6

.4
.5
.5
1.2
.3

.0
-.4
1.0
-.8
.8

.2
-.1
.5
.3
.7

3.7
1.4
| 9.2
I 4.0
5.2

.6
1.0
.1
2.6
-2.3

.4
.7
.1
1.3
-.3

.2
.6
-.2
-.5
2.3

.5
.8
.2
2.0
-1.9

Percent olp capacity
1988-69 [
1998
1997
High
May I
Feb/

I

Mar/

Apr/

MayP

JMay 96 to
May 97

|

5.0
6.6
3.1
5.8
-3.8

Capacity
growth
Pay 96 to
j May 97

85.3

83.2 I

83.5
83.5

83.6
83.7

83.6
83.4

83.7

3.7

85.7
84.2
88.9 j
86.8
92.6

82.0 I
80.3
85.9
90.7
92.0

82.6
80.7
86.9
93.4
87.1

82.7
80.7
87.2
94.6
86.8

82.6
80.6
87.1
94.0
88.6

82.7 I
80.7
87.5
95.9
86.9

4.1
5.0
2.2
.1
1.9

the strike-related decline in April. The production of appliances and home computing, video, and audio equipment
regained about two-thirds of April's decline. The production of nondurable consumer goods other than energy
products—namely food, clothing, and consumer chemical products—eased slightly. A decrease in residential electricity
sales more than accounted for a 1 percent decrease in the output of consumer energy products; temperatures were
relatively cool in May, reducing the need for air conditioning.
The output of business equipment rose 0.5 percent, with most major categories posting gains. The output of
information processing equipment continued to contribute to the growth in this sector. In addition, the ongoing strength
in commercial aircraft in combination with the rebound in business autos and trucks boosted the production of transit
equipment. The output of industrial equipment, which is now estimated to have jumped in April, edged down, while the
other equipment category advanced solidly for another month, led by further strength in service industry machinery and
office furniture.
The output of construction supplies reversed slightly less than one-half of April's loss, putting it near the
upper end of its range during the past several months. The production of materials rose 0.7 percent, led by another
sizable gam in the output of durable goods materials. Among the components of durable materials, the output of
equipment parts, particularly semiconductors, rose sharply. The production of parts for consumer durables, mainly for
motor vehicles, also increased. Energy materials rose 0.3 percent, as the large increase in coal production more than
offset the decline in electricity generation. The output of nondurable goods materials was about unchanged.

Manufacturing output increased 0.5 percent after a 0.2 percent increase in April. Excluding motor vehicles
and parts, the output in manufacturing rose 0.5 percent, just slightly faster than in the previous two months. Much of the
strength in the past few months reflects the increased output of durable goods; the production of nondurables is little
changed from the end of last year. Gams were widespread within the durable goods sector, with only miscellaneous
manufacturing and the stone, clay, and glass industry declining. Increases were especially strong in electrical machinery
and primary metals. The production of nondurables increased 0.2 percent, recovering all of the April decline. Gains in
the output of petroleum, rubber and plastics, paper, textile mill products, and printing more than offset weakness in other
categories.
A pickup in oil and gas drilling activity as well as sharply higher coal productionraisedmining output, but
utility output fell.
The factory operating rate edged up 0.1 percentage point, to 82.7 percent; the level has changed little in
recent months. The utilization rate for advanced-processing industries increased 0.1 percentage point, to 80.7 percent,
which is just slightly above its long-term average. The rate for primary-processing industries rose 0.4 percentage point,
to 87.5 percent, but remained below its recent high of 89.6 percent in December 1994. Among the primary-processing
industries, the rate of utilization increased for all industries except primary chemicals; stone, clay, and glass; and
fabricated metals.
Note: The data published in this release reflect the semiannual revision to seasonal factors for motor vehicle assemblies
and series that use production worker hours as their monthly indicator. Seasonal factors were not changed prior to
February 1997.




2

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

Twelve-month percent change

Twelve-month percent change

-5

-5

-10

-10

1992

1994

1996

1992

1994

Manufacturing

Total industry

Ratio scale, 1992 production = 100

Ratio scale, 1992 production =100

Percent of capacity

1985




1996

Percent of capacity

1990

1995

1985

1990

1995

Table 1A
INDUSTRIAL PRODUCTION: MARKET GROUPS
Index.1§52=1d6
1996
IP
Proportion1

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

!
I

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

Intermediate products
Construction supplies
Business supplies

I

Seasonally Adjusted

1§§6 1997

I

Not seasonally adjusted

^97^
rrssB^
Dec,- Jan.

Dec.

Jan.

Feb/

Mar.r

Aor/

MavP

100.00

117.7

117.8

118.4

118.8

119.2

119.7

115.3

59.92
45.14

114.3
i 115.3

114.2
115.1

114.8
115.6

115.3
116.4

115.3
116.4

115.5
116.6

111.7
112.8

28.15
5.89
2.40
1.38
.67
.71
1.02
3.48
1.19
.55
.65
.78
1.51
22.26
18.77
9.72
1.89
4.40
2.76
3.49
1.06
2.43

112.7 111.7
! 128.4 127.3
127.2 129.6
135.5 138.7
I 115.9 120.1
164.9 167.0
114.0 115.5
i 129.1 125.5
181.1 171.2
136.4 124.1
i 234.5 228.9
109.3 106.0
i 109.6 109.2
108.7 107.8
108.3 107.4
i 108.2 107.7
94.9
94.0
| 118.8 117.9
103.0 101,1
111.8 110.4
106.0 105.1
114.2 112.6

111.6
129.2
131.0
138.9
122.3
165.0
118.1
127.8
179.5
130.0
240.2
106.9
109.2
107.2
107.2
108.0
93.8
116.2
101.5
107.6
106.2
108.0

112,2
131.1
131.7
138.9
123.3
163.8
119.7
130.6
183.6
137.6
238.9
112.4
109.9
107.5
107.6
108.8
94.2
115.1
102.3
107.7
108.5
107.0

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

| 119.6 120.8
130.7 132.1
148.5 149.6
327.1 335.7
I 127.3 127.9
107.2 109.8
113.7 117.2
121.4 123.4
76.2
74.7
123.6 130.8
146.2 156.3

122.6
133.8
152.4
343.0
128.2
111.8
118.7
124.4
75.4
140.7
163.5
112.0
120.0
107.3

14.78
5.72
9.06

111.3
117.8
107.4

111.6
117.0
108.4

Feb/

Mar/

Aor/

MavP

116.7

118.5

118.5

118.3

118.3

112.8
114.3

114.1
116.1

114.0
115.7

113.5
115.0

113.3
114.5

111.7
127.4
125.0
127.1
116.0
146.1
119.2
129.0
180.8
129.7
243.7
108.5
109.9
107.8
107.3
107.7
94.7
116.2
102.5
110.7
108.2
111.6

111.6 110.3 112.1
128.4 119.1 123.0
126.2 109.8 123.9
129.5 107.3 130.9
91.8 111.0
117.7
149.6 125.4 154.1
118.9 109.9 112.4
129.8 125.5 122.3
182.7 168.6 164.9
130.1 118.7 122.5
247.7 230.2 215.7
110.8 103.6 103.0
109.5 111.6 107.5
107.4 ! 107.9 109.2
107.1 I 103.6 102.5
107.4 i 102.5 102.4
93.7
91.7
88.1
115.8 111.9 111.2
102.9 103.8 100.8
109.5 132.9 147.7
112.1 110.5 102.3
108.0 143.4 169.0

112.1
133.6
140.0
155.9
135.3
180.1
117.6
129.1
183.6
142.4
231.4
109.0
108.5
106.8
102.8
103.0
91.0
109.2
101.7
129.9
101.4
143.2

111.3
133.6
136.1
146.9
127.2
170.0
119.8
131.7
186.0
145.2
233.0
112.3
110.9
105.9
103.5
103.5
92.3
109.5
103.1
119.8
103.8
127.3

109.6
134.1
138.0
148.5
132.7
167.2
121.9
131.3
184.2
144.0
230.4
112.5
110.7
103.7
104.2
104.6
93.3
108.9
104.2
100.4
106.2
97.6

108.5
130.5
133.0
143.2
128.8
160.2
117.5
128.7
182.1
133.2
241.3
106.5
109.8
103.1
105.2
105.3
94.6
112.2
102.6
91.2
112.9
81.0

123.6
134.4
154.0
349.9
127.6
113.1
118.3
124.4
75.6
153.9
160.9

124.6
135.7
155.5
357.2
130.3
110.4
110.4
128.7
75.4
154.4
168.0

125.3
136.4
156.5
365.1
130.1
111.9
112.6
129.7
75.7
157.8
172.2

117.1
126.7
148.4
324.3
123.0
98.0
90.1
114.9
78.0
133.7
123.2

118.1
128.7
144.7
316.6
124.7
108.1
111.5
121.4
75.5
129.5
137.3

122.9
134.6
148.9
331.5
129.1
118.7
132.9
127.7
75.6
133.4
155.9

123.3
134.5
150.9
339.7
128.7
116.7
123.4
125.9
75.9
140.9
163.0

124.3
135.8
151.6
340.4
128.7
119.8
129.1
128.7
75.7
142.6
176.2

125.0
136.6
153.8
358.1
129.6
118.2
124.3
129.6
75.2
146.9
176.1

111.8
121.4
106.3

111.8
120.4
106.8

112.2
120.8
107.2

108.4
111.4
106.5

108.3
108.4
108.0

108.3
112.7
105.6

108.7
116.3
104.3

109.0
120.0
102.5

109.7
121.9
102.7

40.08

123.1

123.4

124.1

124.5

125.5

126.4

120.8

122.7

125.5

125.7

125.9

126.3

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

137.8
130.3
167.9
119.9
I 115.7
109.5
105.9
112.5
110.2
106.3
103.9
102.6
106.3

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

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

140.2
129.9
175.6
119.9
116.2
110.6
104.9
114.0
111.2
108.4
103.6
102.3
105.9

141.7
130.8
178.4
120.8
116.9
110.7
105.6
113.3
112.0
107.2
104.3
102.6
107.5

143.3
131.1
181.8
121.7
118.1
110.7
105.9
114.1
111.9
106.9
104.6
103.7
106.4

134.7
115.2
171.3
117.4
114.0
105.1
97.2
108.7
106.7
101.6
105.7
103.9
109.2

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

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

142.0
138.4
176.1
119.8
118.4
110.9
107.0
114.1
111.8
107.1
104.4
103.5
106.1

142.6
136.9
177.4
120.8
119.4
113.2
109.5
114.1
114.9
109.9
101.5
100.9
102.6

144.1
137.6
180.3
121.7
118.5
110.8
110.6
112.9
112.5
104.8
102.2
102.6
101.6

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

97.48
95.20
97.55
93.68

117.4
117.2
115.1
111.6

117.4
117.1
115.1
111.5

118.0
117.8
115.6
111.8

118.5
118.3
116.0
112.1

119.2
118.9
116.4
112.3

119.6
119.3
116.8
112.6

115.6
115.7
112.7
109.0

116.5
116.1
114.1
110.6

117.8
117.4
115.9
112.1

118.0
117.5
115.8
111.8

117.7
117.2
115.6
111.5

117.9
117.3
115.4
111.3

Consumer goods excluding:
Autos and trucks
Energy

26.76
24.65

111.4
112.8

110.3
111.9

110.1
112.1

110.8
112.8

110.8
111.8

110.5
111.8

110.2
107.1

111.0
107.1

109.9
109.5

109.5
110.1

107.6
110.8

106.7
110.8

Business equipment excluding:
Autos and trucks
Computer and office equipment

12.67
12.26

132.4
118.2

133.6
119.2

135.3
120.5

136.0
120.8

138.3
121.8

138.8
122.1

130.3
114.1

130.4
116.6

134.7
121.9

135.6
121.4

136.4
122.7

137.8
122.6

Materials excluding:
Energy

31.96

129.0

129.4

130.3

131.0

132.0

133.1

125.5

127.2

131.2

132.2

133.5

133.6

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

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




Table 1B
INDUSTRIAL PRODUCTION: MARKET GROUPS
Percent change

Item

1995 Q4
to
1996 Q4

Seasonally adjusted
annua rate

"TSSG""
Q2

Q3

Q4

Seasonally adjusted

wQ1

1997

NQtsseasonalllvadiusiled

1997

r

Feb/

Mar/

Apr/

MavP

Feb/

Mar/

Aor/

MavP

Total Index

3.9

6.2

3.3

4.5

4.4

.5

.4

.3

.4

1.6

.0

-.2

.0

Products, total
Final products

3.8
4.1

5.3
5.9

3.1
2.8

4.8
4.8

3.6
4.0

.5
.5

.4
.6

.0
.1

.2
.2

1.1
1.5

-.1
-.3

-.4
-.7

-.1
-.4

2.5
2.4
.9
.5
-3.8
7.3
1.3
3.4
10.5
1.5
18.6
.3
-.7
2.5
2.5
2.3
-2.7
5.3
2.8
2.5
3.3
2.2

3.7
18.5
25.5
46.7
90.8
18.1
-.2
13.8
31.6
24.3
37.5
13.5
1.1
-.1
-.1
-.6
1.0
-2.1
4.0
.1
2.4
-.7

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

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

-.3
8.3
17.8
23.6
16.9
29.7
10.1
2.2
-.1
6.4
-5.1
-3.9
7.3
-2.5
-.3
2.9
-4.6
-2.6
-4.9
-13.6
-2.7
-18.1

-.1
1.5
1.0
2
1.9
-1.2
2.2
1.8
4.8
4.8
4.9
.8
.0
-.5
-.2
.3
-.2
-1.4
.4
-2.5
1.1
-4.1

.5
1.5
.5
.0
.8
-.7
1.3
2.2
2.3
5.8
-.5
5.1
.6
.3
.3
.7
.4
-1.0
.8
.0
2.1
-.9

-.4
-2.9
-5.1
-8.5
-5.9
-10.8
-.4
-1.3
-1.5
-5.7
2.0
-3.4
.0
.2
-.2
-1.0
.5
1.0
.2
2.8
-.2
4.3

-.1
.8
1.0
1.9
1.4
2.4
-.2
.6
1.0
.3
1.6
2.1
-.4
-.4
-.2
-.2
-1.1
-.4
.4
-1.0
3.6
-3.2

.0
8.6
13.0
19.2
21.9
16.9
4.6
5.5
11.4
16.3
7.3
5.8
.9
-2.2
.3
.5
3.4
-1.8
.9
-12.1
-.8
-15.2

-.7
.0
-2.8
-5.8
-6.0
-5.6
1.8
2.1
1.3
1.9
.7
3.0
.2.2
-.8
.7
.5
1.3
.3
1.4
-7.8
2.3
-11.1

-1.6
.4
1.4
1.1
4.3
-1.7
1.8
-.4
-1.0
-.8
-1.1
.2
-.1
-2.2
.7
1.1
1.1
-.5
1.0
-16.2
2.4
-23.3

6.8
8.0
10.8
38.9
-.2
21.5
-1.9
3.6
-1.2
14.0
.4

9.6
8.3
10.1
42.9
-.5
28.7
50.3
.6
6.4
50.1
21.8

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

3.4
5.6
7.5
22.1
1.1
6.2
-25.6
12.3
-6.9
2.5
-18.5

11.4
11.7
12.4
26.8
2.6
26.6
19.1
14.4
-6.1
85.6
8.3

1.5
1.3
1.9
2.2
.3
1.8
1.2
.8
.8
7.6
4.6

.8
.5
1.0
2.0
-.5
1.2
-.3
.0
.4
9.4
-1.6

.8
1.0
1.0
2.1
2.1
-2.4
-6.6
3.4
-.2
.3
4.4

.6
.5
.6
2.2I
-.1
1.3
1.9 i
.8
.3
2.2
2.5

4.0
4.6
2.9
4.7
3.6
9.9
19.2
5.1
.1
3.1
13.5

.3
.0
1.3
2.5
-.3
-1.7
-7.1
-1.4
.4
5.6
4.6

3.0
5.7
1.3

3.6
11.1
-.8

4.1
9.3
.8

4.8
-.4
8.2

2.5
2.5
2.4

.4
2.5
-.9

-.2
1.2
-1.0

.0
-.8
.5

.3
.3
.4

.0
4.0
-2.2

4.0

7.5

3.6

4.1

5.6

.6

.3

.8

.7

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

9.4
16.8
12.4
3.9
5.6
6.0
10.1
6.0
4.5
7.2
4.0
I 4.7
2.7

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

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

7.6
5.3
18.0
.0
.2
6.3
-4.1
9.1
7.9
5.4
-.6
.6
-2.8

.6
-1.8
1.9
.5
1.3
.8
.8
1.5
.0
2.0
.2
1.2
-1.6

.7
.2
1.7
.0
-.2
.1
-2.6
.7
.1
.9
-.4
-.5
-.3

1.1
.6
1.6
.8
.6
.0
.7
-.6
.7
-1.1
.7
.3
1.5

1.1
.3
1.9
.7
1.1
.1
.3
.7
.0
-.3
.3
1.1
-1.1.

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

4.0
4.2
3.1
2.6

5.3
4.8
5.4
5.0

3.1
3.3
2.4
1.9

5.3
5.6
4.0
3.5

4.0
4.0
3.9
2.7

.5
.6
.5
.3

.4
.5
.4
.2

.6
.5
.3
.2

Consumer goods excluding:
Autos and trucks
Energy

2.6
2.5

1.7
4.1

.2
2.8

7.2
4.6

-1.4
1.7

-.1
.2

.6
.6

.0
-.9

Business equipment excluding:
Autos and trucks
Computer and office equipment

8.9
4.4

5.2
4.3

8.0
3.9

9.1
3.6

11.1
9.8

1.3
1.1

.6
.3

1.6
.8

Materials excluding:
Energy

4.7

8.4

5.6

4.6

7.2

.7

.5

.8

Consumer goods
Durable
Automotive products
Autos and trucks
Autos
Trucks
Auto parts and allied goods
Other durable goods
Appliances and electronics
Appliances and air cond.
Home electronics
Carpeting and furniture
Miscellaneous
Nondurable
Nonenergy
Foods and tobacco
Clothing
Paper products
Energy products
Fuels
Utilities
Equipment, total
Business equipment
Information processing & related
Computer and office
Transit
Autos and trucks
Other
Defense and space equipment
Oil and gas well drilling
Manufactured homes
intermediate products
Construction supplies
Business supplies
Materials
Durable
Consumer parts
Equipment parts
Basic metals
Nondurable
Textile
Paper
Chemical
Other
Energy
Primary
Converted fuel

May96
to
Mav 97
4.3

I

3.7
3.9

-1.0
-2.6
-3.6
-3.6
-2.9
-4.2
-3.6
-1.9
-1.1
-7.5
4.7
-5.3
-.9
-.5
.9
.6
1.4
3.0
-1.5|
-9.2
6.3 I
-17.0

1.4
1.2
-.6
-4.1
-8.7
1.5
4.3
2.4
6.2
1.1
10.8
-1.4
1.3
1.5
2.3
2.1
-2.3
4.8
2.3
-2.9
5.0
-6.3

.9
.9
.5
.2
.0
2.7
4.6
2.3
-.4
1.2
8.1

.6
.6
1.4
5.2
•7
-1.4
-3.7
•7
-.6
3.0
.0

8.0
9.2
11.1
30.5
2.9
14.7
-4.6
12.5
-2.8
24.2
3.9

.4
3.1
-1.2

.2
3.3
-1.7

•7
1.5
.1

3.1
4.0
2.4

2.3

.2

.2

.3

5.2

3.6
5.6
21
3.5
4.8
2.1
2.0
1.6
2.6
1.4
-1.2
1.4
-5.6

1.2
1.9
1.9
.3
-.3
-.4
-1.8
-.9
-.4
1.0
-2.2
-2.3
-2.1

.5
-1.1
.8
.9
.9
2.1
2.3
.0
2.8
2.5
-2.8
-2.5
-3.4

1.0
.5
1.6
•7
-7
-2.1
1.0
-1.0
-2.1
-4.6
.8
1.7
-.9

7.3
.4
15.6
3.3
5.3
4.6
-.1
7.2
7.0
-.2
.0
.2
-.3

.4
.4
.4
.2

1.2
1.1
1.5
1.4

.2
.1
-.1
-.2

-.3
-.3
-.2
-.3

•1
•1
-.1
-.2

4.5
4.7
3.7
2.8

-.2
.0

-1.0
2.3

-.4
.5

-1.8
.6

-.8
.0

1.7
2.0

A
.3

3.3
4.5

.7
-.4

.6
1.0

1.0
.0

10.5
6.5

.8

3.2

.8

.9

.1

6.6

SPECIAL APPRECIATES

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




5

Table 2A
INDUSTRIAL PRODUCTION: INDUSTRY GROUPS
Index. 11>32=1uu
Item

1996
I
Seasonally Adjusted
IP
1997
1 T55T
SIC | Proportion
Dec.
Jan.
Feb/
Mar/
Apr/

,

Feb/

Mar/

Aor/

MavP

117.7

117.8

118.4

118.8

119.2

119.7

115.3

116.7

118.5

118.5

118.3

118.3

86.34

119.2

119.3

120.1

120.5

120.8

121.4

115.2

115.8

119.0

119.6

120.7

121.0

27.72
58.62

i 114.0
121.7

113.8
122.0

114.8
122.6

115.5
123.0

115.5
123.4

116.2
124.0

110.9
117.3

111.0
118.2

114.2
121.4

114.7
122.0

116.5
122.7

116.1
123.4

46.79
2.06
1.30
2.12

128.8
! 108.0
I 110.5
111.3

129.5
108.6
109.7
112.7

130.8
112.0
110.3
112.5

131.7
113.2
110.9
113.1

132.4
113.9
112.4
114.3

133.4
114.6
113.4
113.9

124.9
102.4
108.7
106.8

126.2
104.1
105.9
105.8

131.7
109.6
110.7
107.5

132.6
111.3
109.5
109.8

133.5
114.2
110.0
114.2

134.0
113.2
110.1
115.2

3.52
1.88
.09
1.64
5.28

118.8
116.7
112.5
121.2
119.5

117.8
118.0
111.7
117.6
119.2

120.0
118.2
112.3
122.1
119.5

120.5
117.8
114.2
123.6
120.5

120.9
120.1
115.5
121.8
120.5

122.5
122.2
117.8
122.7
120.6

115.5
113.1
109.7
118.2
119.2

117.1
115.5
112.1
118.9
115.2

123.7
122.5
116.8
125.1
117.8

122.6
120.1
117.3
125.4
119.7

125.3
125.7
119.1
124.8
117.9

123.3
122.8
117.8
123.8
119.5

9.51
2.45
3.87

162.9
332.5
I 168.8
280.4

164.7
340.3
168.6
283.9

166.6
347.8
172.5
294.1

167.3
354.7
175.3
302.7

170.9
362.2
177.2
309.1

172.2
370.1
179.8
317.7

157.0
329.7
170.0
286.6

159.2
320.9
166.2
282.4

167.5
336.1
172.3
294.6

169.0
344.4
175.1
304.9

169.9
345.1
175.9
308.0

172.2
363.1
178.1
315.7

372-6,9
38
39

8.41
4.80
2.29
3.62
4.72
1.29

109.6
127.9
125.6
91.5
104.1
116.6

111.9
132.0
128.8
92.2
103.3
116.3

111.5
129.6
129.4
93.5
104.6
117.1

111.9
128.9
129.5
94.8
105.0
116.3

110.6
125.5
119.1
95.5
105.0
116.6

111.6
127.0
121.3
96.0
105.3
116.1

99.0
103.4
99.8
93.3
104.0
117.5

110.1
127.6
121.5
92.6
101.1
112.3

117.6
142.1
145.4
93.7
103.2
114.8

117.1
138.9
136.9
95.7
103.7
115.7

118.2
140.4
139.2
96.4
103.7
115.7

117.4
138.5
134.4
96.6
103.6
115.4

20
21
22
23
26

39.55
9.37
1.16
1.57
1.80
3.29

108.8
108.2
108.9
106.3
97.2
111.6

108.5
108.2
104.6
106.3
96.2
110.3

108.6
108.4
105.7
106.9
95.8
111.1

108.7
109.2
107.1
108.3
96.3
112.2

108.5
108.1
105.6
107.0
95.9
111.3

108.8
107.9
104.5
107.8
95.3
111.9

104.8
105.0
89.5
95.3
96.9
106.7

104.8
103.2
101.8
100.8
93.1
112.0

105.6
102.7
109.3
105.5
93.9
112.9

105.9
103.8
106.1
107.1
95.5
111.8

107.1
104.4
108.7
111.4
94.3
113.5

107.4
105.8
100.6
111.1
95.3
109.9

27
28
29
30
31

6.44
10.17
1.75
3.78
.20

99.8
114.0
107.3
122.6
80.1

100.5
113.7
107.4
121.1
78.3

100.6
112.8
108.6
123.1
77.6

99.6
112.1
108.1
124.1
78.6

99.7
113.1
108.4
123.4
76.8

100.2
113.1
111.3
124.1
76.4

97.9
108.3
107.6
121.8
80.3

96.3
109.9
99.8
119.7
76.4

96.7
110.1
100.4
123.3
75.7

96.6
109.9
101.9
124.0
78.2

97.3
111.6
105.4
124.0
76.4

97.2
112.2
112.7
123.8
76.4

10
12
13
14

5.59
.42
.87
3.71
.60

104.5
106.3
109.5
100.7
122.9

103.6
105.7
106.4
100.8
117.2

106.3
105.7
109.6
103.1
125.0

107.6
105.2
105.5
105.4
129.5

107.1
103.0
106.2
105.3
124.9

109.2
102.8
117.4
105.8
126.3

103.7
105.8
106.1
103.4
100.4

100.5
101.1
105.6
101.6
83.7

103.4
103.8
114.0
103.0
89.3

105.3
105.1
112.6
103.8
105.0

106.0
102.2
105.9
104.1
123.8

108.5
103.4
111.3
104.3
138.8

491,3pt
492,3pt

8.07
6.26
1.81

112.6
112.6
112.7

112.7
113.2
110.9

110.2
110.9
107.6

109.9
110.3
108.4

112.4
112.2
112.9

110.2
109.7
112.2

124.8
112.9
165.7

137.6
120.4
197.1

125.0
111.5
171.6

117.2
106.3
154.8

103.1
100.3
112.3

97.6
102.0
82.1

81.54
83.89
80.02

118.6
116.1
112.0

118.6
116.2
112.0

119.5
116.9
112.5

120.0
117.3
112.7

120.5
117.5
112.8

121.1
118.0
113.1

115.7
112.2
107.9

115.1
112.9
108.7

117.7
115.9
111.5

118.5
116.4
111.8

119.5
117.5
112.8

120.0
117.7
112.9

j 12.1
5.8
6.3
6.0
0.3

12.3
6.0
6.4
6.1
0.3

12.4
6.1
6.3
6.0
0.3

12.3
6.1
6.2
5.9
0.3

11.3
5.7
5.6
5.3
0.3

11.5
5.8
5.7
5.4
0.3

9.5
4.6
4.9
4.6
0.2

12.1
5.9
6.2
6.0
0.3

12.5
6.2
6.3
6.0
0.3

12.4
6.1
6.2
6.0
0.3

13.1
6.7
6.5
6.1
0.3

12.6
6.5
6.2
5.9
0.3

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

24
25
32

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

37
371

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

seasonally adjusted

100.00

Total index

Autos and light trucks
Aerospace and misc.
Instruments

MavP

1897
~w
Dec.
Jan.

1956

8.58

SPECIAL AOQREQATE3
Manufacturing excluding:
Motor vehicles and parts
Computer and office equipment
Computers and semiconducltors
Memo: Motor vehicle assemblies2
Total
Autos
Trucks
Light
Heavy and medium

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




6

Table 2B

INDUSTRIAL PRODUCTION: INDUSTRY GROUPS
Percent change

SIC

Item

Seasonally adjusted
annual rate
1995Q4
to
| 1996
T357r
1996Q4
Q2
Q3
Q4
<21
6.2

3.9

Total index

3.3

4.5

4.4

Seasonallv adjusted

1997

Feb/

.5

Mar/

Not seasonallv adjusted

1997

MavP

May 96
to
Mav97

Aor/

MavP

Feb/

Mar/

Aor/

.4

.3

.4

1.6

.0

-.2

.0

4.3

.5

2.7

.5

.9

.3

5.0

4.1

6.3

5.0

4.3

5.3

.6

.4

.2

2.9
4.8

5.9
6.5

5.4
4.8

2.3
5.2

2.9
6.5

.9
.5

.6
.3

.1
.3

.6
.5

2.8
2.7

.5
.5

1.5
.6

-.3
.6

4.0
5.4

5.7
2.7
2.5
1.9

10.3
15.5
8.7
2.0

6.0
-1.9
-2.7
11.8

2.8
-1.3
7.1
-5.0

8.2
4.1
-.6
4.4

1.0
3.1
.6
-.2

.7
1.1
.5
.6

.6
.6
1.4
1.1

.8
.6
.9
-.4

4.4
5.3
4.5
1.6

.7
1.5
-1.0
2.1

.7
2.6
.4
4.0

.4
-.9
.0
.9

6.6
3.8
2.7
3.7

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

3.7
2.4
-1.7
5.2
2.7

9.1
8.9
4.6
9.3
3.3

7.4
7.4
-.4
7.6
3.1

4.1
2.6
-7.9
6.0
.1

-1.1
-2.1
6.8
.0
1.5

1.9
.1
.5
3.9
.2

.4
-.3
1.7
1.2
.8

.3
1.9
1.1
-1.5
.0

1.3
1.8
2.0
.8 I
.1

5.7
6.1
4.2

2.2

-.9
-2.0
.4
.3
1.6

2.2
4.7
1.6
-.5
-1.5

-1.6
-2.3
-1.1
-.8
1.3

5.3
5.7
4.4
4.9
1.9

10.0
37.4
7.1
16.0

10.6
40.7
8.5
14.5

11.6
43.0
5.6
15.3

6.8
22.1
6.7
17.8

12.2
25.9
12.3
33.4

1.1
2.2
2.3
3.6

.4
2.0
1.6
2.9

2.2
2.1
1.1
2.1

.7
2.2
1.5
2.8

5.2
4.7
3.6
4.3

.9
2.5
1.6
3.5

.6
.2
.5
1.0

37
371
372-6,9
38
39

6.5
-1.6
-.4
18.9
2.7
3.2

25.7
36.8
53.0
11.7
1.5
2.4

7.6
2.7
11.7
14.9
.3
1.9

-2.2
-15.2
-24.8
18.1
2.9
5.9

14.2
14.1
22.4
14.3
3.1
7.0

-.4
-1.8
.5
1.5
1.2
.7

.3
-.5
.1
1.4
.4
-.7

-1.2
-2.7
-8.0
.7
-.1
.3

.9
1.2
1.8
.6
.3
-.4

6.8
11.4
19.6
1.2
2.0
2.2

-.4
-2.3
-5.8
2.1
.5
.8

.9
1.1
1.7
.7
.0
.0

-.7
-1.3
-3.4
.2
-.1
-.3

4.5
-2.7
-4.9
14.6
2.8
3.5

20
21
22
23
26

2.3
2.1
2.6
.5
-2.8
1.7

1.6
1.0
-9.1
7.7
4.2
10.5

3.7
.9
-4.5
5.4
-2.9
4.2

6.0
6.0
9.1
-1.8
-3.6
2.8

2.0
3.7 |
-1.2
-.9
-5.4
5.3

.1
.2
1.0
.5
-.4
.7

.1
.7
1.4
1.3
.5
1.0

-.2
-1.0
-1.4
-1.2
-.4
-.8

.2
-.2
-1.0!
-.6
.5

.8
-.5
7.4
4.6
.8
.8

.3
1.1
-3.0
1.6
1.7
-1.0

1.1
.6
2.5
4.0
-1.2
1.5

•2
1.3
-7.5
-.3
1.0
-3.2

3.1
2.2
.8
1.5
-3.7
3.8

27
28
29
30
31

.4
5.0
3.5
2.5
-4.7

|

-4.2
2.2
1.6
2.9
-.4

3.8
6.9
2.4
7.8
-6.2

6.9
12.3
3.9
.3
-5.1

1.5
1.8
1.4
2.7
-2.3

.1
-.8
1.1
1.6
-.9

-1.0
-.6
-.5
.8
1.3

.1
.9
.3
-.5
-2.3

.5
.0
2.7
.5
-.5

.4
.2
.6
2.9
-.9

.0
-.2
1.4
.6
3.3

.7
1.5
3.5
.0
-2.3

-1
.5
7.0
-2
.0

2.4
5.5
4.8
3.5
-5.3

3.4
1.7
4.1 J
3.0
6.9

10.9
8.6
26.9
8.1
8.3

.8
14.5
-4.6
-.5
7.5

.5
2.7
9.6
-2.1
2.6

8.0
2.8
-5.2
11.8
9.9

2.6
.0
3.0
2.2
6.7

1.3
-.5
-3.7
2.3
3.6

-.5
-2.1
.6
-.1
-3.5

2.0
-2
10.6
.5
1.1

2.9
2.7
8.0
1.4
6.6

1.8
1.3
-1.3
.7
17.5

.7
-2.8
-5.9
.3
18.0

2.3
1.2
5.1
•2
12.1

5.8
1.9
8.7
5.3
7.6

1.4
.9
3.1

2.2
2.2
2.3

-12.0
-10.8
-16.1

9.5
5.9
23.1

-7.1
-3.4
-19.3

-2.3
-2.1
-3.0

-.3
-.6
.8

2.3
1.7
4.2

-1.9
-2.2
-.7

-9.2
-7.4
-12.9

-6.2
-4.7
-9.8

-12.0
-5.6
-27.5

-5.3
1.7
-26.9

-3.8
-4.5
-1.2

4.5
3.3
2.7

4.7
5.3
4.9

5.1
4.0
3.4

5.6
3.8
3.1

4.8
4.7
3.4

.8
.6
.4

.5
.4
.2

.4
.2
.1

.5
.5
.3

2.2
2.7
2.6

.7
.5
.3

.9
.9
.9

•4
•2
.0

5.5
4.3
3.2

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

Transportation equipment
Motor vehicles and parts
Autos and light trucks
Aerospace and misc.
Instruments
Miscellaneous
Nondurable
Foods
Tobacco products
Textile mill products
Apparel products
Paper and products

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

24 |
25
32

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

•7 I

5.2

1.3 ' 11.6
5.2
30.0
1.2
11.2
2.5
25.7

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

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




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

SIC

TT9BT

1996
Proportion

1996
Ave.

1973
High

"T575^
1980
High

1982
Low

"T55T"T^gjr
1989
High

1991
Low

1996
May

1996
Dec.

1997
Jan.

Feb/

Mar.r

Aor.r

MavP

Total industry

100.00

82.1

89.2

87.3

71.1

85.3

78.1

83.2

83.5

83.3

83.5

83.6

83.6

83.7

Manufacturing

87.43

81.2

88.5

86.9

69.0

85.7

76.6

82.0

82.5

82.4

82.6

82.7

82.6

82.7

26.61
60.81

82.3
80.6

91.2
87.2

88.1
86.7

66.2
70.4

88.9
84.2

77.8
76.1

85.9
80.3

86.6
80.8

86.2
80.7

86.9
80.7

87.2
80.7

87.1
80.6

87.5
80.7

47.70
1.97
1.32
2.20

79.5
82.7
81.7
78.0

89.2
88.7
96.8
88.8

87.7
87.9
85.5
88.0

63.9
60.8
68.9
64.3

84.5
93.6
86.6
83.6

73.2
75.5
72.5
69.7

82.2
86.1
82.4
78.7

81.7
82.9
81.4
78.8

81.7
83.1
80.6
79.6

82.1
85.5
81.0
79.3

82.3
86.2
81.2
79.7

82.3
86.6
82.2
80.4

82.5
86.9
82.7
79.9

333-6,9
3331
3334

3.22
1.75
.08
1.46
.08
.10

; 80.8
80.6
80.6
81.3
74.1
88.5

100.2
105.8
102.7
90.8
93.4
95.7

94.2
95.8
95.8
91.1
81.5
97.6

45.1
37.0
35.2
60.1
42.1
58.6

92.7
95.2
92.7
89.3
86.3
100.4

73.7
71.8
71.5
74.2
73.6
97.3

90.4
88.7
91.9
92.5
84.4
85.3

90.4
87.1
91.1
94.7
96.8
85.5

89.4
87.7
90.3
91.7
96.8
85.5

90.8
87.6
90.5
95.0
95.5
86.0

91.0
87.1
91.8
95.9
93.7
86.4

91.0
88.5
92.6
94.2
95.3
86.3

92.0
89.9
94.1
94.7
85.7

34

5.18

78.2

87.8

83.9

63.7

82.0

72.2

84.7

84.1

83.7

83.7

84.2

84.0

83.9

35
357
36

8.92
2.37
8.77

81.5
81.5
81.1

96.0
90.9
89.2

93.2
92.6
89.4

64.0
65.5
71.6

85.4
86.9
84.0

72.4
66.9
75.1

89.9
92.0
83.7

89.0
89.5
80.0

89.2
89.1
78.9

89.3
88.6
79.7

88.8
87.8
80.1

89.8
87.2
80.0

89.6
86.7
80.2

37
371

75.7
76.4

86.1
93.4

372-6,9
38
39

9.77
5.56
2.49
4.22
4.98
1.36

75.3
81.9
75.3

78.4
89.9
82.9

84.8
95.0
94.6
81.9
92.7
79.4

57.2
45.5
40.6
66.6
78.4
65.4

85.8
89.1
92.2
87.3
81.4
79.0

68.5
55.9
53.3
79.2
77.2
71.7

72.4
74.6
79.5
69.5
78.8
77.9

73.8
71.9
77.7
76.4
80.1
80.3

75.4
74.1
79.5
77.1
79.5
80.0

75.0
72.7
79.8
78.2
80.5
80.4

75.2
72.3
79.7
79.3
80.8
79.8

74.3
70.3
73.2
79.8
80.7
79.9

74.9
71.0
74.4
80.3
80.9
79.4

20
22
23
26
261-3
27

39.73
9.48
1.60
1.99
3.17
1.26
6.55

83.4
83.0
85.5
81.1
89.3
92.4
85.9

87.8
86.0
91.4
84.2
97.1
97.2
89.7

87.5
84.6
91.2
87.5
96.1
98.3
93.9

76.4
79.1
72.3
77.5
80.6
82.0
82.0

87.3
85.4
90.4
85.1
93.5
98.0
91.7

80.7
82.7
77.7
75.5
85.0
39.9
79.6

81.8
80.9
82.0
75.9
88.1
89.9
80.3

83.5
82.0
81.1
74.1
90.4
94.0
82.2

83.1
81.9
81.0
73.3
89.3
92.7
82.7

83.2
31.9
81.4
73.0
89.9
93.3
82.9

83.2
82.4
82.4
73.4
90.7
93.1
82.1

82.9
81.4
81.4
73.1
89.9
92.3
82.3

83.0
81.2
82.0
72.7
90.3
82.7

10.69
.78
.36
1.50
3.43
.24

79.6
86.6
85.1
86.3
84.9
81.2

87.6
102.0
93.8
96.7
95.5
81.3

84.6
90.9
98.6
90.0
91.2
92.1

69.9
63.4
64.4
66.8
72.7
75.8

86.2
97.0
99.7
88.5
89.6
83.3

79.3
74.8!
77.6
85.1
77.4
76.1

77.7!
94.3
84.5
93.6
90.9
71.9

81.0
94.0
93.8
94.2
92.1
72.0

80.6
93.5
95.9
94.3
90.8
70.5

79.7
93.3
88.8
95.4
92.1
70.0

79.0
93.0
88.7
94.9
92.7
71.1

79.6

79.3

95.5
95.2
92.0
69.6

97.8
92.3
69.4

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

24
25
32

33
331,2

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

!
i

10
12
13
138
14

5.29
.42
.85
3.50
.65
.52

87.5
78.5
86.9
38.5
72.8
85.4

94.3
89.6
91.0
96.9
93.0
95.0

96.0
87.9
99.4
97.3
104.3
92.7

80.3
44.4
76.6
82.3
50.9
63.3

86.8
89.4
91.5
86.6
60.6
89.1

86.1
79.9
83.4
87.5
53.7
79.4

90.7
85.2
87.7
91.7
85.0
93.7

91.9
89.5
88.3
92.3
84.8
97.0

91.1
39.0
85.7
92.5
89.9
92.4

93.4
88.9
88.1
94.5
96.8
98.4

94.6
88.4
34.8
96.7
106.0
101.7

94.0
86.5
85.2
96.6
106.4
97.9

95.9
86.3
94.1
97.0
108.8
98.8

491,3pt
492,3pt

7.28
5.59
1.69

87.2
89.1
82.4

96.2
99.0
94.1

89.1
88.2
93.7

75.9
78.9
69.1

92.6
95.0
85.0

83.4
87.1
67.1

92.0
93.5
86.5

89.3
90.3
85.4

89.3
90.7
84.0

87.1
88.7
81.4

86.8
88.1
82.0

88.6
89.5
85.4

86.9
87.3
84.8

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




8

Table 4
INDUSTRIAL CAPACITY: MANUFACTURING, MINING, AND UTILITIES
l
Item

_ _ _

SIC

H 5 reenter anae

Annual rate
19671997 1975 msr
1997
Ave.
Ave.
Ave.

Decemberto December

1993

1994

1995

Capacity indexes
Percent of 1992 output

~l

1996 1997P

1996
Mav

1996
Dec.

1997
Jan.

Feb.

Mar.

Aor.

Mav

Total industry

2.8

3.8

2.4

1.8

2.9

3.4

3.7

3.7

137.9

140.9

141.3

141.8

142.2

142.6

143.1

Manufacturing

3.1

4.0

2.8

2.0

3.2

3.8

4.1

4.1

141.0

144.4

144.9

145.3

145.8

146.3

146.8

Primary processing
Advanced pr^x^ssTrag

2.1
3.6

4.1
4.0

1.4
3.5

1.2
2.4

2.1
3.8

2.1
4.6

2.4
4.9

2.1
5.1

129.9 ! 131.7 131.9
146.5 150.7 151.3

132.2
151.9

132.4
152.5

132.6
153.1

132.8
153,8

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

3.5
1.8
2.8
1.4

3.7
2.9
4.5
2.5

3.4
1.4
2.1
.9

2.6
.4
1.4
.1

4.2
2.6
1.4
1.0

5.7
2.1
1.3
1.3

6.2
2.9
2.4
2.3

6.3
2.7
2.3
2.0

152.2
128.2
133.9
139.4

157.7
130.4
135.8
141.3

158.5
130.7
136.0
141.5

159.2
131.0
136.3
141.8

160.0
131.3
136.5
142.0

160.9
131.5
136.8
142.2

161.7
131.8
137.1
142.5

33
331,2
333-6,9
3331
3334

.3
-.4
-.9
1.5
.2
1.2

1.7
.7
.3
3.8
1.8
5.2

-.3
-.8
-1.3
.5
-.4

-4 I

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

1.5
3.1
1.4
-.4
-1.1
.0

1.8
1.8
3.3
1.8
2.5
.0

3.5
4.8
.9
1.9
-2.9
.0

3.3
3.6
3.5
2.9
-1.3
.0

128.7
130.3
122.9
126.5
129.4
103.7

131.4
134.0
123.5
128.0
127.0
103.7

131.8
134.5
123.7
128.3
126.7
103.7

132.1
134.9
124.1
128.6
126.6
103.7

132.5
135.3
124.4
128.9
126.5
103.7

132.8
135.7
124.8
129.2
126.4
103.7

133.2
136.0
125.2
129.6
126.2
103.7

34

1.6

3.1

1.1

1.6

1.4

2.8

2.9

2.7

139.8

142.1

142.4

142.8 143.1

143.4

143.7

35
357
36

5.3
20.4
7.4

4.7
12.0
5.9

5.6
24.0
8.1

4.8
19.4
8.3

6.5
23.1
12.0

9.2
29.5
17.0

11.6
36.7
16.5

12.7
39.8
15.5

171.6
309.3
193.2

183.0 184.7 186.5 188.4
371.6 381.8 392.7 403.8
211.2 213.8 216.3 218.9

37
371

2.5
3.3

3.0
4.4

2.4
2.8

372-6,9
38
39

1.4
4.5
2.1

1.1
7.6
4.4

1.5
3.2
1.2

.7
3.0
-.2
-2.0
.5
1.5

3.2
7.9
6.2
-2.1
.1
1.4

2.8
7.1
5.7
-2.6
.0
1.4

1.1
3.0
1.5
-1.4
.0
1.4

.7
1.3
2.2
-.1
.5
1.7

147.5
174.9
160.4
120.6
129.9
144.0

148.4
177.7
161.7
119.7
129.9
145.2

148.5
178.0
161.9
119.6
129.9
145.4

148.6
178.2
162.2
119.6
130.0
145.6

148.7
178.4
162.5
119.6
130.0
145.8

148.8
178.6
162.8
119.6
130.1
146.0

148.9
178.7
163.1
119.6
130.1
146.2

20
22
23
26
261-3
27

2.7
2.4
2.2
1.2
2.7
2.4
2.5

4.3
3.0
4.4
2.3
3.9
2.9
3.0

2.0
2.1 |
1.3 I
•7
2.2
2.2
2.3

1.3
1.8
2.5
.5
2.3
1.8
-.9

1.9
2.0
3.7
.4
1.4
1.9
.0

1.6
2.1
4.1
3.2
2.0
3.0
-.2

1.7
1.9
2.3
1.1
1.5
2.2
-.6

1.5
129.0
1.8 i 130.6
.5
129.4
.0
130.4
1.0 ! 122.4
1.6
118.4
-.7
121.9

130.3
132.0
131.1
131.2
123.4
119.8
121.5

130.5
132.2
131.2
131.3
123.5
120.0
121.4

130.6
132.4
131.3
131.3
123.6
120.1
121.3

130.8 130.9
132.6 132.8
131.3 131.4
131.3 131.2
123.7 123.8
120.3 120.4
121.3 121.2

131.1
133.0
131.4
131.2
123.9
120.6
121.1

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

3.7
6.5
3.8
1.4
5.1
-3.2

6.8
12.7
9.7
4.2
8.4
-1.5

2.5
2.1
4.1 ! -1.6
1.4
.8
•3 i -.5
3.8
3.2
- 3 . 8 I -2.1

3.0
7.5
1.2
2.1
4.4
-1.7

2.0
5.4
-.2
-.5
2.0
-1.9

3.6
7.1
1.3
.4
1.6
-1.4

138.0
3.2
5.8
129.5
1.4 I 121.2
113.5
•0
2.3
131.9
- 2 . 8 I 112.1

140.7
134.8
122.2
113.8
133.2
111.3

141.1
135.5
122.3
113.9
133.4
111.1

141.5
136.2
122.5
113.9
133.6
110.8

141.8
136.8
122.6
113.9
133.9
110.5

142.2
137.4
122.8
113.9
134.2
110.3

142.5
138.1
122.9
113.9
134.4
110.0

10
12
13
138
14

.1
1.3
2.3
-.6
.2
1.1

-.1
.5
2.4
-1.0
.8
2.6

1.6 j
2.3
-.4
-.1
.5

-.5
1.6
1.6
-1.6
-6.7
1.7

.8
-1.8
4.5
.0
-.9
1.0

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

-.3
1.0
1.1
-1.0
-4.2
1.9

.5
1.0
1.3
.0
-1.2
2.2

113.7
118.4
123.2
109.6
149.5
125.2

113.7
118.8
124.1
109.1
145.8
126.6

113.7
118.8
124.2
109.0
145.4
126.9

113.7
118.9
124.4
109.1
145.3
127.1

113.8
119.0
124.5
109.1
145.2
127.4

113.9
119.1
124.6
109.1
145.1
127.6

113.9
119.1
124.7
109.1
144.9
127.9

491,3pt
492,3pt

2.8
3.9
.3

6.1
7.8
2.3

1.5
2.3
-.5

.8
1.3
.2

1.2
1.0
.4

1.9
2.4
.5

2.1
2.6
.8

1.5 j 124.5
1.7 i 122.8
.5 I 131.4

126.1
124.7
132.0

126.3
124.9
132.0

126.5
125.1
132.1

126.6
125.2
132.1

126.8
125.4
132.2

126.9
125.6
132.3

Primary metals
Iron and steel
Raw steel
Nonferrous
Primary copper
Primary aluminum
Fabricated metal products
Industrial machinery
and equipment
Electncal machinery
Transportation equipment
Motor vehicles and parts
Autos and light trucks1
Aerospace and misc.
Instruments
Miscellaneous
Nondurable
Foods
Textile mill products
Apparel products
Paper and products
Pulp and paper
Printing and publishing

Mlninq
MetaTmining
Coal mining
Oil and gas extraction
Oil and gas well drilling
Stone and earth minerals
Utilities
Electric
Gas

.1 I

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




9

190.3 192.2
415.3 427.1
221.6 224.3

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

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.

Oct.

Nov.

Dec.

Q1

Q2

Q3

Q4

Annual

Industrial
Production,
Percent
Change1
1985
1986
1987
1988
1989

.4
.6
-.6
.1
.5

.9
-.7
1.2
.3
-.8

.3
-1.0
.4
.0
.9

.2
.8
.4
.6
.3

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

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

-.4
.3
.6
.7
-1.0

.6
.3
.1
.5
.4

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

-.9
.9
1.3
.3
-.5

.6
.5
.3
.7
.4

.7
.9
.6
.5
.5

3.0
2.0
4.3
3.1
3.8

2.8
-1.7
6.7
3.0
.5

.3
.7
5.6
3.8
-4.4

1.4
6.5
6.9
3.6
.0

1.6
1.1
4.6
4.4
1.8

1990
1991
1992
1993
1994

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

.5
-.8
.7
.5
.5

.5
-.9
.8
.1
.7

-.6
.3
.7
.3
.4

.4
.8
.4
-.6
.6

.0
1.2
-.3
.2
.5

-.1
.1
.7
.3
.5

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

.1
.9
.5
1.0
.1

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

-1.3
-.1
.6
.5
.6

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

1.9
-8.2
1.1
3.7
6.2

.8
1.3
6.7
.8
6.7

.9
6.3
2.2
1.7
4.4

-5.7
1.1
5.6
5.8
5.6

-.2
-2.0
3.2
3.4
5.0

1995
1996
1997

.3
-.4
.1

-.2
1.3
.5

.1
-.5
.4

-.3
.9
.3

.1
.4
.4

.2
.6

.0
.0

.8
.3

.4
.1

-.4
.2

.2
.8

.1
.4

3.9
1.6
4.4

-.7
6.2

3.2
3.3

.8
4.5

3.3
2.8

Industrial
Production
1985
1986
!
1987
I
1988
1989

86.9
89.6
90.2
95.8
99.7

87.6
88.9
91.2
96.1
98.9

87.8
88.0
91.5
96.2
99.8

88.0
88.7
91.9
96.7
100.1

88.2
88.5
92.3
96.8
99.5

88.0
88.2
93.1
96.8
99.3

87.6
88.5
93.7
97.4
98.3

88.1
88.7
93.8
98.0
98.7

88.6
88.7
93.7
97.6
98.5

87.9
89.5
94.9
97.9
98.1

88.4
89.9
95.2
98.6
98.5

89.0
90.7
95.8
99.1
98.9

87.4
88.8
91.0
96.0
99.5

88.0
88.5
92.5
96.8
99.6

88.1
88.6
93.7
97.7
98.5

88.4
90.0
95.3
98.5
98.5

88.0
89.0
93.1
97.3
99.0

1990
1991
1992
1993
1994

98.5
96.7
97.5
102.3
105.7

99.0
95.9
98.1
102.8
106.2

99.4
95.0
98.9
102.8
107.0

98.9
95.3
99.6
103.2
107.4

99.3
96.0
100.0
102.6
108.1

99.3
97.2
99.7
102.8
108.6

99.2
97.2
100.4
103.1
109.1

99.4
97.4
100.1
102.8
109.2

99.5
98.3
100.5
103.9
109.3

99.0
98.2
101.3
104.1
109.9

97.7
98.1
101.9
104.6
110.6

97.1
97.4
101.9
105.4
111.6

99.0
95.8
98.2
102.6
106.3

99.2
96.2
99.8
102.8
108.0

99.4
97.6
100.3
103.3
109.2

97.9
97.9
101.7
104.7
110.7

98.9
96.9
100.0
103.4
108.6

1995
1996
1997

111.9
112.4
117.8

111.6
113.8
118.4

111.7
113.2
118.8

111.4
114.3
119.2

111.5
114.8
119.7

111.7
115.5

111.7
115.5

112.6
115.8

113.0
116.0

112.5
116.2

112.7
117.2

112.8
117.7

111.8
113.1
118.3

111.6
114.8

112.4
115.8

112.7
117.0

112.1
115.2

Capacity
1985
1986
1987
1988
1989

108.7
112.2
113.9
115.3
j 116.8

109.0
112.3
114.0
115.5
117.0

109.2
112.5
114.1
115.6
117.2

109.5
112.7
114.3
115.7
117.4

109.8
112.8
114.4
115.8
117.6

110.1
113.0
114.5
115.9
117.8

110.4
113.1
114.6
116.0
118.0

110.7
113.3
114.7
116.2
118.2

111.0
113.4
114.8
116.3
118.4

111.3
113.5
115.0
116.4
118.6

111.6
113.7
115.1
116.5
118.8

111.9
113.8
115.2
116.7
119.0

109.0
112.3
114.0
115.5
117.0

109.8
112.8
114.4
115.8
117.6

110.7
113.3
114.7
116.2
118.2

111.6
113.7
115.1
116.5
118.8

110.3
113.0
114.6
116.0
117.9

1990
1991
1992
1993
1994

119.2
121.4
123.3
125.7
I 128.0

119.3
121.5
123.6
125.8
128.3

119.5
121.7
123.8
126.0
128.6

119.7
121.9
124.0
126.2
128.9

119.9
122.0
124.2
126.4
129.2

120.0
122.2
124.4
126.6
129.5

120.2
122.4
124.6
126.7
129.8

120.4
122.5
124.7
126.9
130.1

120.6
122.7
124.9
127.1
130.5

120.8
122.8
125.1
127.3
130.8

121.0
123.0
125.3
127.5
131.1

121.2
123.2
125.5
127.7
131.4

119.3
121.5
123.6
125.8
128.3

119.9
122.0
124.2
126.4
129.2

120.4
122.5
124.7
126.9
130.1

121.0
123.0
125.3
127.5
131.1

120.1
122.3
124.4
126.7
129.7

1995
1996
1997

131.8
136.3
141.3

132.1
136.7
141.8

132.5
137.1
142.2

132.8
137.5
142.6

133.2
137.9
143.1

133.6
138.4

134.0
138.8

134.3
139.2

134.7
139.6

135.1
140.0

135.5
140.5

135.9
140.9

132.1
136.7
141.8

133.2
137.9

134.3
139.2

135.5
140.5

133.8
138.6

79.9
79.8
79.1
83.1
85.3

80.4
79.2
80.0
83.3
84.5

80.4
78.2
80.2
83.2
85.1

80.3
78.7
80.5
83.6
85.2

80.3
78.4
80.7
83.6
84.6

79.9
78.1
81.3
83.5
84.3

79.4
78.2
81.8
84.0
83.3

79.6
78.3
81.7
84.3
83.5

79.9
78.2
81.6
84.0
83.2

79.0
78.8
82.6
84.1
82.7

79.2
79.1
82.7
84.6
82.9

79.5
79.7
83.1
85.0
83.2

80.2
79.1
79.8
83.2
85.0

80.2
78.4
80.8
83.6
84.7

79.6
78.2
81.7
84.1
83.3

79.2
79.2
82.8
84.6
82.9

79.8
78.7
81.3
83.9
84.0

1990
1991
1992
1993
1994

82.6
79.6
79.0
81.4
82.6

82.9
78.9
79.4
81.7
82.8

83.2
78.1
79.9
81.6
83.2

82.6
78.2
80.4
81.7
83.3

82.8
78.7
80.6
81.2
83.7

82.7
79.5
80.2
81.2
83.9

82.5
79.5
80.6
81.3
84.1

82.5
79.5
80.2
81.0
83.9

82.5
80.1
80.5
81.7
83.7

81.9
79.9
81.0
81.8
84.1

80.7
79.7
81.3
82.1
84.4

80.1
79.1
81.2
82.5
84.9

82.9
78.9
79.5
81.6
82.9

82.7
78.8
80.4
81.4
83.6

82.5
79.7
80.4
81.3
83.9

80.9
79.6
81.2
82.1
84.4

82.3
79.2
80.4
81.6
83.7

1995
1996
1997

84.9
82.4
83.3

84.5
83.2
83.5

84.3
82.6
83.6

83.9
83.1
83.6

83.7
83.2
83.7

83.6
83.5

83.4
83.2

83.8
83.2

83.9
83.1

83.3
83.0

83.2
83.4

83.0
83.5

84.6
82.8
83.5

83.7
83.3

83.7
83.2

83.2
83.3

83.8
83.1

Year

Utilisation
1985
1986
1987
1988
1989

i

1. Quarterly pc ircent changes are at annual rates. Ann jal peroBnt changes are calculated from annual average>s.




10

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

21

Annual

Jan.

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.

Oct.

Nov.

Dec.

Q1

Q2

Q3

Industrial
Production,
Percent
Change*
1986
1986
1987
1988
1989

.1
1.5
-.8
-.2
.9

.6
-.5
1.6
.4
-1.2

.7
-.9
.2
-.1
.8

.2
1.4
.5
1.0
.1

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

-.3
-.3
1.0
.0
.0

-.4
.3
.7
.7
-1.1

.9
.6
-.2
.3
.4

.4
.0
.1
.2
-.3

-.8
.8
1.3
.2
-.6

1.1
.4
.5
1.0
.4

-.1
1.2
.6
.6
.1

-2.1
4.5
5.0
2.4
4.3

4.2
1.7
7.0
4.1
-.7

1.1
1.7
5.5
3.7
-4.5

1990
1991
1992
1993
1994

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

.9
-.7
.8
.3
.6

.3
-1.1
.9
.1
.9

-.8
.3
.6
.5
.7

.4
.7
.4
-.5
.7

-.1
1.4
-.1
.0
.2

.0
.2
.7
.3
.8

.3
.2
-.3
-.3
.1

.0
1.1
.4
1.1
.2

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

-1.3
-.2
.6
.5
.7

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

2.9
-9.7
2.3
4.5
6.3

-.1
1.2
7.3
1.4
8.1

.8
7.8
2.8
1.2
5.0

-6.3
1.7
5.1
6.2 !
6.7

-.5
-2.4
4.0
3.7
5.5

1996
1996
1997

.4
-.4
.1

-.4
1.3
.6

.1
-.8
.4

-.3
1.1
.2

-.1
.4
.5

.2
.7

-.1
.5

.7
.1

.7
.2

-.4
.2

-.1
.8

.1
.6

4.2
1.1
5.3

-1.4
6.0

2.6
5.0

1.0
4.3

3.5
2.7

Industrial
Production
1986
1986
1987
1988
1989

84.4
87.9
89.6
95.4
100.3

84.9
87.4
91.0
95.8
99.1

85.4
86.6
91.2
95.7
99.9

85.6
87.8
91.6
96.7
100.0

86.0
87.7
91.9
96.6
99.4

85.7
87.5
92.8
96.6
99.4

85.4
87.7
93.4
97.2
98.3

86.1
88.2
93.3
97.5
98.7

86.4
88.2
93.4
97.7
98.4

85.7
88.9
94.6
97.9
97.9

86.7
89.3
95.0
98.9
98.2

86.6
90.3
95.6
99.4
98.3

84.9
87.3
90.6
95.7
99.8

85.8
87.7
92.1
96.6
99.6

86.0
88.0
93.4
97.5
98.5

86.3
89.5
95.1
98.7
98.1

85.7
88.1
92.8
97.1
99.0

1990
1991
1992
1993
1994

98.1
95.8
97.2
102.6
106.0

99.0
95.1
98.0
102.9
106.6

99.3
94.1
98.9
103.0
107.5

98.6
94.4
99.5
103.6
108.2

99.0
95.0
100.0
103.0
109.0

98.9
96.3
99.9
103.0
109.2

98.8
96.6
100.5
103.4
110.0

99.1
96.8
100.2
103.0
110.1

99.1
97.8
100.6
104.2
110.3

98.5
97.8
101.4
104.4
111.1

97.2
97.6
102.0
105.0
111.9

96.6
97.1
101.8
105.9
112.9

98.8
95.0
98.0
102.9
106.7

98.8
95.2
99.8
103.2
108.8

99.0
97.0
100.5
103.5
110.2

97.4
97.5
101.7
105.1
111.9 |

98.5
96.2
100.0
103.7
109.4

1996
1996
1997

113.3
113.4
119.3

112.9
114.8
120.1

113.1
113.9
120.5

112.7
115.2
120.8

112.6
115.7
121.4

112.9
116.4

112.7
117.0

113.4
117.2

114.2
117.4

113.8
117.6

113.6
118.5

113.8
119.2

113.1
114.0
120.0

112.7
115.8

113.4
117.2

113.7
118.4

113.2
116.3

Capacity
1985
1986
1987
1988
1989

107.0
111.0
113.2
115.1
117.0

107.3
111.2
113.4
115.3
117.3

107.6
111.4
113.6
115.4
117.5

108.0
111.6
113.8
115.5
117.8

108.3
111.7
113.9
115.7
118.0

108.7
111.9
114.1
115.8
118.3

109.0
112.1
114.2
116.0
118.5

109.3
112.3
114.4
116.1
118.7

109.7
112.5
114.6
116.3
119.0

110.0
112.7
114.7
116.5
119.2

110.4
112.9
114.9
116.6
119.5

110.7
113.0
115.0
116.8
119.7

107.3
111.2
113.4
115.3
117.3

108.3
111.7
113.9
115.7
118.0

109.3
112.3
114.4
116.1
118.7

110.4
112.9
114.9
116.6
119.5

108.8
112.0
114.1
115.9
118.4

1990
1991
1992
1993
1994

119.9
122.4
124.5
127.2
129.8

120.1
122.6
124.7
127.4
130.1

120.3
122.7
125.0
127.6
130.5

120.5
122.9
125.2
127.8
130.8

120.7
123.1
125.4
128.0
131.2

120.9
123.3
125.7
128.2
131.5

121.1
123.5
125.9
128.4
131.9

121.3
123.6
126.1
128.6
132.2

121.5
123.8
126.3
128.9
132.6

121.7
124.0
126.5
129.1
132.9

121.9
124.2
126.8
129.3
133.3

122.2
124.3
127.0
129.5
133.6

120.1
122.6
124.7
127.4
130.1

120.7
123.1
125.4
128.0
131.2

121.3
123.6
126.1
128.7
132.2

121.9
124.1
126.8
129.3
133.3

121.0
123.4
125.8
128.3
131.7

1995
1996
1997

134.0
139.1
144.9

134.4
139.6
145.3

134.8
140.1
145.8

135.2
140.5
146.3

135.6
141.0
146.8

136.0
141.5

136.5
142.0

136.9
142.5

137.3
142.9

137.8
143.4

138.2
143.9

138.7 134.4
144.4 J 139.6
145.3

135.6
141.0

136.9
142.5

138.2
143.9

136.3
141.7

78.9
79.1
79.1
82.9
85.7

79.1
78.6
80.2
83.1
84.5

79.3
77.8
80.3
82.9
85.0

79.2
78.7
80.6
83.7
84.9

79.4
78.5
80.7
83.5
84.2

78.9
78.1
81.4
83.4
84.1

78.3
78.2
81.8
83.8
83.0

78.8
78.6
81.5
84.0
83.1

78.8
78.4
81.5
84.0
82.7

77.9
78.9
82.5
84.1
82.1

78.5
79.1
82.8
84.8
82.2

78.2 I 79.1
79.9
83.1
85.1
82.2

78.5
79.9
83.0
85.1

79.2
78.5
80.9
83.5
84.4

78.6
78.4
81.6
83.9
82.9

78.2
79.3
32.8
84.7
82.1

78.8
78.7
81.3
83.8
83.6

1990
1991
1992
1993
1994

81.8
78.2
78.1
80.7
81.6

82.4
77.6
78.6
80.8
81.9

82.6
76.6
79.1
80.7
82.4

81.8
76.8
79.5
81.0
82.7

82.0
77.2
79.7
80.5
83.1

81.8
78.1
79.5
80.4
83.0

81.6
78.2
79.9
80.5
83.4

81.7
78.3
79.5
80.1
83.3

81.5
79.0
79.7
80.9
83.2

80.9
78.9
80.1
80.9
83.6

79.7
78.6
80.4
81.2
84.0

79.T
78.1 I
80.2
81.7
84.5

82.3
77.5
78.6
80.7
82.0

81.9
77.4
79.5
80.6
83.0

81.6
78.5
79.7
80.5
83.3

79.9
78.5
80.2
31.3
84.0

81.4
78.0
79.5
80.8
83.1

1995
1996
1997

84.6
81.5
82.4

84.0
82.2
82.6

83.9
81.3
82.7

83.4
82.0
82.6

83.0
82.0
82.7

83.0
82.3

82.6
82.4

82.9
82.3

83.2
82.1

82.6
82.0

82.2
82.4

82.0
82.5

84.2
81.7
82.5

83.1
82.1

82.9
82.3

82.3
82.3

83.1
82.1

Year

Utilization
1985
1986
1987
1988
1989




11

1.6
6.7
7.6
5.2
-1.4

2.3
2.8
5.3
4.7
1.9

Table 6
INDUSTRIAL PRODUCTION: INDUSTRY SUBTOTALS AND INDIVIDUAL SERIES
Index, f? 32 = 160
Item
Metal mining
Iron ore
Nonferrous ores
Copper

sic
10
101
102-4,8,9!

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

1996
IP
Proportion

Seasonally adjusted

nrssB
Nov.

Dec.

1997
Jan.

Feb/

Notseasonittlv adjusted

Mar/

Aor/

"T
W
Nov.

Dec.

1997
Jan.

Feb/

Mar/

Aor/
102.2
103.0
102.3
107.3

102 I

.42
.06
.36
.12

102.5
117.6
100.4
110.9

106.3
111.8
105.6
115.1

105.7
108.0
105.5
104.7

105.7
122.9
103.2
108.7

105.2
116.2
103.6
112.0

103.0
109.0
102.2
106.4

102.3
120.0
99.8
106.8

105.8
112.7
105.0
112.2

101.1
100.4
101.4
103.4

103.8
111.0
102.9
108.2

105.1
110.4
104.6
109.4

12

.87

108.8

109.5

106.4

109.6

105.5

106.2

108.7

106.1

105.6

114.0

112.6

105.9

13
131

100.2
96.1
! 88.2
107.0
112.7
120.7

100.7
96.1
87.8
107.6
114.3
123.6

100.8
95.3
87.2
106.5
109.9
130.8

103.1
96.0
88.4
106.5
114.5
140.7

105.4
96.6
88.4
108.0
113.6
153.9

105.3
96.2
88.5
115.9
154.4

103.1
97.5
88.8
109.4
114.1
132.7

103.4
97.9
88.6
110.7
111.7
133.7

101.6 103.0
96.6
97.3
87.8
89.5
108.8 108.2
107.6 112.6
129.5 133.4

103.8
96.9
88.6
108.4
113.5
140.9

104.1
96.7
88.4

132
138

3.71
2.84
1.52
1.32
.22
.64

117.1
142.6

14

.60

120.2

122.9

117.2

125.0

129.5

124.9

121.5

100.4

83.7

89.3

105.0

123.8

20
201

9.37
1.26

202
2021
2022
2023
2024
2026

.27
.49
.02
.81
.01
.19
.14
.12
.34

107.6 108.2
109.3 109.0
I 107.8 108.1
94.8
95.4
121.6 120.5
99.8
95.8
99.3 100.7
86.3
81.6
106.7 110.0
93.3
90.7
92.0
99.5
101.8 102.1

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

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

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

108.1
112.1
111.4
96.1
125.2
92.5
99.3
80.5
108.1
87.5
98.7
101.6

107.7
108.8
104.3
101.9
118.4
99.1
91.3
78.1
107.2
77.8
72.2
97.7

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

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

102.7
112.4
109.5
99.7
124.6
97.9
101.5
94.7
112.4
92.6
95.8
102.9

103.8
110.4
105.0
101.4
122.4
104.9
104.3
85.2
112.8
96.7
104.4
104.6

104.4
113.4
109.5
101.0
126.6
92.7
106.8
93.7
109.3
104.8
108.2
106.6

104.6

108.4

107.9

108.3

107.5
110.2
101.1
133.0
104.1
108.0
92.9
112.4
109.6
115.8

99.8
110.1
98.2
131.3
104.0
101.2
86.8
107.9
109.3
119.1

94.1
96.4
106.5 105.0
98.6
96.0
113.5 108.1
103.5 104.7
103.2 101.3
102.2 98.0
105.1 102.9
105.6 102.4
112.3 111.1

97.8
107.1
95.4
106.7
101.5
108.6

97.8
105.4
96.9
98.6
95.4
111.4

105.6
98.0
82.1

109.1
101.1

.48

106.9

107.0

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

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

103.9
111.2
97.0
112.8
105.5
117.9
110.0
110.8

104.1
114.5
100.3
113.2
106.5
117.6
109.2
97.2

105.8
110.6
101.5
112.5
108.0
115.7
109.3
101.0

105.7
112.3
102.0
110.3
100.5
116.5
107.6
98.1

103.3
114.6
99.0
115.1

103.2
114.2
94.7
111.8

116.0
107.5
98.2

116.3
109.3

21

1.16

105.4

108.9

104.6

105.7

107.1

105.6

103.6

89.5

101.8

109.3

106.1

108.7

Textile mill products
22
Fabrics
221-4
Cotton and synthetic
221,2
224
Narrow fabrics
Knit goods
226
Knit garments
2263,4,7-9
Fabric finishing
226
Carpeting
227
Yarns and miscellaneous
228,9
Cotton and synthetic yarns 2281,2,4 i

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

108.2
106.1
108.4
109.9
107.1
108.8
101.8
109.1
113.7
112.0

106.3
102.7
104.4
107.1
107.4
109.6
90.3
106.2
115.3
111.8

106.3
105.5
107.3
112.8
109.7
112.9
92.2
95.9
114.1
110.0

106.9 108.3
106.8 102.6
109.0 103.3
113.1 116.1
111.1 112.1
112.3 113.5
99.8
95.3
92.3 116.8
111.9 111.2
104.1 100.0

107.0
103.2

95.3
96.2
96.6
108.7
95.9
99.1
80.2
83.9
105.1
90.4

100.8
106.2
107.7
111.8
91.2
92.7
93.9
91.9
112.7
107.3

105.5
106.9
108.1
110.4
103.8
105.3
101.8
90.9
113.9
108.6

107.1
104.9
104.7
114.8
105.5
106.1
94.7
111.5
114.1
104.8

111.4
107.5

96.2
112.5
103.4

105.7
105.7
108.6
112.0
104.1
103.2
103.1
97.0
112.4
106.7

Apparel products

23

1.80

97.3

97.2

96.2

95.8

96.3

95.9

97.8

96.9

93.1

93.9

95.5

94.3

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

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

113.1 108.0
104.8 99.0
94.7
93.2
119.4 114.8
I 112.8 110.8
101.1 92.8
159.8 146.2

108.6
100.6
94.6
114.6
109.2
91.5
156.3

112.0
102.3
93.8
119.2
113.0
101.1
163.5

113.2
104.7
93.0
119.6
114.0
100.1
160.9

113.9 111.1
103.4 102.0
95.4
95.4
121.8 118.0
114.7 ! 112.9
101.1 ! 98.8
168.0 156.9

102.4
92.8
90.6
109.6
108.7
84.9
123.2

104.1 109.6
96.9 101.8
87.9
89.1
109.6 115.6
103.6 106.8
88.8 100.6
137.3 155.9

111.3
101.7
86.1
118.5
110.4
100.1
163.0

114.2
102.2
86.5
123.2
113.8
102.0
176.2

Tobacco products

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

1.30 I 107.3 108.5 108.7 108.1 109.7 108.2

116.7
114.5
117.1

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




12

115.7
114.5
111.3
114.7
115.5
109.5

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

SIC

1996
IP
Proportion1

—

"

Index. 18§g = 100

Seasonally adjusted

fl5§B
Nov.

Dec.

1997

|

Not seasonally adjusted

Jan.

Feb/

Mar/

Aor/

m&
Nov.

Dec.

1997
Jan.

Feb/

Mar/

Aor/

110.7
114.7

109.5
112.6

110.0
111.8

25
251

1.30
.60

110.5
111.2

110.5
110.3

109.7
109.2

110.3
111.5

110.9
111.0

112.4
112.4

108.3
109.2

108.7
109.7

105.9
106.5

26
261-3
261
262
263
266,7
265
267

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

110.1
110.8
104.5
107.5
118.7
109.7
115.3
106.6

111.6
112.6
98.9
110.0
120.5
110.9
114.3
109.1

110.3
111.3
98.3
109.7
117.3
109.6
111.3
108.8

111.1
112.1
106.1
109.0
119.3
110.5
116.2
107.4

112.2
112.0
105.1
110.3
117.1
112.3
116.7
109.9

111.3
111.2
102.3
115.0
111.4
115.5
109.2

108.9
110.1
102.4
108.1
115.6
108.1
109.6
107.2

106.7
109.1
97.2
107.0
115.5
105.1
102.1
106.7

112.0 112.9 111.8 113.5
112.7 114.3 112.4 112.0
100.2 106.7 102.0 104.1
111.6 111.1 111.0
117.7 121.8 117.3 11.6.8
111.5 112.0 111.5 114.5
111.7 115.6 114.1 122.9
111.2 109.9 109.9 109.7

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

6.44
1.41
1.91
3.12

100.0
86.5
101.8
106.0

99.8
86.0
101.9
105.9

100.5
90.1
98.9
107.0

100.6
92.0
99.6
105.7

99.6
88.5
100.5
104.9

99.7
86.8
101.2
105.7

98.7
88.5
101.3
102.5

97.9
87.8
102.9
100.0

96.3
88.1
98.4
99.3

96.7
93.6
99.6
96.2

96.6
89.5
101.9
96.9

97.3
88.1
103.5
98.2

28

10.17

111.8

114.0

113.7

112.8

112.1

113.1

108.6

108.3

109.9

110.1

109.9

111.6

281,2,6 !
281
2812
2816
2819

4.06
.80
.06
.09
.51
.35

105.6
87.8
114.9
! 89.3
81.4
j 91.0

108.2
89.4
115.7
102.5
81.6
92.0

109.2
92.0
114.8
94.1
85.8
98.1

109.2
94.0
117.4
101.1
87.3
101.6

109.1
93.1
120.9
96.0
86.4
102.0

109.8 104.5
93.3
89.3
116.3 115.3
103.6 ! 87.1
85.8
83.6
101.0 | 95.4

104.9
87.3
117.3
98.4
79.6
87.8

107.8 110.1
89.8
94.8
114.2 117.3
93.8 101.5
83.0
88.0
92.9 104.6

109.6
91.1
119.3
94.7
83.7
95.6

112.5
93.7
114.7
110.0
85.5
99.7

282
2821
2823,4
286

1.42
.90
.38
1.84

119.9
123.9
110.3
105.0

124.1
126.7
114.6
107.0

123.9
126.7
117.3
107.9

121.5
127.1
108.7
108.5

121.7
127.2
108.8
108.7

123.6

118.6
122.2
109.4
102.8

116.9
118.9
108.8
105.7

121.3
123.7
114.2
107.8

124.2
129.6
111.2
108.4

123.8
130.0
107.7
109.4

129.2

117.3
108.9

283-5,9
283
284
285
287

5.50
3.05
1.36
.50
.61

117.3
122.9
105.7
124.6
103.3

119.1
124.8
106.6
124.2
105.8

118.2
123.3
107.0
122.7
103.3

116.4
122.5
103.5
122.7
103.1

115.1
121.3
102.5
122.2
102.7

116.5
122.3
103.8
122.3
103.2

111.8
116.9
101.4
112.5
105.6

111.0
117.3
100.9
96.2
105.6

111.8 110.3
114.7 113.5
104.0 100.4
108.1 120.5
104.0 104.0

110.5
113.7
100.9
123.2
103.4

111.1
114.0
98.5
131.1
106.3

29
Petroleum products
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 |

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

107.4
105.8
104.0
117.2
75.2
108.6
104.2
I 119.3

107.3
105.7
108.3
115.0
78.7
108.7
102.5
119.3

107.4
105.6
110.6
108.2
89.0
105.1
103.7
121.2

108.6
106.6
111.1
110.1
87.1
108.3
104.5
124.5

108.1
106.5
104.7
112.6
72.1
111.4
106.8
120.0

108.4
107.1
106.5!
114.1 |
74.2
114.5
105.9
118.1

109.6
107.1
96.2
123.3
79.8
110.9
107.5
129.4

107.6
106.3
93.1
119.7
84.4
116.0
107.1
116.1

99.8
99.7
88.8
104.9
89.6
111.1
101.2
97.8

101.9 105.4
101.8 104.7
99.6 104.6
109.6 113.0
71.6
73.0
105.7 108.2
101.5 103.6
100.0 108.6

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

3.78
.35
.62
2.81

121.7
120.8
114.9
123.6

122.6
115.4
115.8
125.2

121.1
115.4
115.8
123.2

123.1
121.0
115.0
125.3

124.1
129.8
113.2
126.0

123.4
123.3
113.7
125.8

121.7
114.8
112.4
124.9

121.8
97.5
111.4
127.5

119.7 123.3
119.4 132.5
108.4 114.7
122.6 124.2

31
314

.20
.09

77.3
79.5

80.1
81.2

78.3
79.6

77.6
80.1

78.6
80.7

76.8
79.3

79.0
81.0

80.3
81.3

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

2.12
.30
.13
.17
.10
1.26

111.8
94.9
77.8
109.9
121.1
114.5

111.3
93.3
73.4
105.4
121.0
114.8

112.7
96.7
79.1
112.7
125.6
115.0

112.5
94.5
75.5
119.6
128.8
115.0

113.1
93.6
72.5
123.5
129.3
115.0

114.3
94.7
72.8

112.0
92.8
73.4
108.4
119.4
115.9

106.8
83.1
56.0
80.6
110.5
114.9

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

Chemicals and products
industrial chemicals and
synthetic materials
Basic chemicals
Alkalies and chlorine
Inorganic pigments
inorganic chemicals, nee
Synthetic materials
Plastics materials
Synthetic fibers
Industrial organic chemicals
Chemical products
Drugs and medicines
Soap and toiletries
Paints
Agricultural chemicals

leather and products
Shoes

127.6
116.3

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




13

100.4
100.0
94.5
103.9
88.4
108.1
100.3
101.3

120.1
110.7

124.0
132.3
114.3
125.3

124.0
133.9
110.6
126.1

75.7
77.5

78.2
78.8

76.4
77.9

105.8 107.5
91.7
95.8
72.8
79.2
66.8
82.5
113.5 125.3
113.1 111.6

109.8
94.2
74.7
100.4
129.3
112.5

114.2
96.1
76.7

76.4
78.5

129.1
115.6

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

Item

I
1996
l
IP
HTS§B
1
SIC Proportion
Nov.

Apr/

3.52
1.88
1.46
.30
.17
.09

118.5
115.9
115.6
101.6
99.1
108.7

118.8
116.7
117.5
104.1
101.5
112.5

117.8
118.0
121.0
103.4
100.6
111.7

120.0
118.2
119.6
106.0
105.2
112.3

120.5
117.8
119.4
106.8
105.7
114.2

120.9
120.1
122.1
107.3
105.8
115.5

118.1
115.6
114.6
102.8
101.5
108.2

115.5
113.1
113.5
104.2
103.1
109.7

117.1
115.5
119.1
104.5
102.4
112.1

123.7
122.5
124.7
108.3
107.1
116.8

122.6
120.1
121.1
108.7
107.5
117.3

125.3
125.7
128.5
107.9
104.6
119.1

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

119.7
130.6
119.7
143.9
104.9
114.2
116.6

121.5
135.8
112.1
137.7
86.9
119.7
113.7

126.2
136.4
120.0
139.4
122.9
123.2
108.0

123.7
132.3
123.4
138.7
111.5
120.2
113.0

123.1
135.5
121.0
143.1
101.3
118.9
112.2

126.5
122.7
129.4
149.8
114.6
124.2
113.1

118.1
131.6
119.0
144.7
99.6
110.9
118.3

116.2
117.5
108.3
133.8
111.6
114.5
111.5

123.3
133.9
123.5
131.3
102.5
120.7
103.9

129.6
142.6
133.1
138.3
106.3
125.7
115.2

124.8
134.8
126.2
135.8
104.3
121.4
116.5

134.5
140.9
136.3
151.3
114.3
131.0
116.7

Nonferrous metals
Primary nonferrous metals
Copper
Aluminum

333-6,9
333
3331
3334 I

1.64
.24
.08
.10

121.4
103.5
114.3
88.8

121.2
103.8
122.9
88.7

117.6
105.3
122.6
88.7

122.1
105.7
120.9
89.2

123.6
105.9
118.5
89.6

121.8
106.7
120.4
89.5

121.0
103.8
116.3
89.0

118.2
103.2
119.9
89.2

118.9
106.7
122.6
89.2

125.1
109.0
124.8
89.7

125.4
109.3
124.8
89.7

124.8
107.0
119.7
89.2

Nonferrous products
Nonferrous mill products
Aluminum
Nonferrous foundries

335,6
335
335S-5
336

1.12
.84
.29
.28

122.5
118.8
102.7
134.7

122.5
118.2
104.7
136.9

118.0
113.1
89.3
134.3

124.3
120.8
103.8
136.1

125.9
122.8
111.4
136.2

122.4
117.9
100.1
137.7

121.2
116.8
94.0
136.1

118.7
112.1
90.8
140.7

120.5
115.9
94.9
135.6

126.9
123.8
109.8
137.2

127.0
124.0
112.0
137.2

126.2
122.7
112.4
137.8

Fabricated metal products
34 |
Metal containers
341
Hardware, tools, and cutlery
342
Hardware and tools
3423,5,9
Structural metal products
344
Other fabricated metal products 346-9
Fasteners, stampings, etc.
345-7

5.28
.16
.54
.47
1.47
2.91
1.67

119.1
93.9
117.3
118.1
125.5
118.7
126.2

119.5
91.6
118.9
118.5
125.9
119.2
127.3

119.2
92.2
120.1
120.2
124.7
119.5
128.0

119.5
90.2
118.3
118.3
127.3
119.3
126.4

120.5
93.4
117.5
117.3
128.1
120.6
127.5

120.5
91.7
118.2
117.9
128.3
120.5
127.2

119.6
83.9
115.9
115.8
128.0
118.7
125.0

119.2
82.2
115.4
113.9
128.7
118.4
123.5

115.2
81.4
112.5
111.9
122.5
116.1
121.2

117.8
76.2
117.5
117.6
122.8
120.4
128.0

119.7
88.6
117.3
117.0
124.1
122.4
130.6

117.9
89.9
115.4
114.9
125.1
119.4
125.7

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

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

161.7
117.9
125.5
153.9
126.8
129.5
114.4
! 112.8
115.2
I 328.3
131.7
133.9
137.0

162.9 164.7 166.6 167.3 170.9 157.4 157.0
119.3 122.7 121.3 119.5 121.1 121.2 124.8
132.6 140.1 144.4 142.0 154.0 123.6 115.8
152.7 157.7 156.5 153.9 163.7 154.0 138.3
125.9 125.6 124.9 123.7 124.5 122.3 119.8
130.6 131.6 133.2 135.3 136.4 131.1 135.4
115.6 115.0 116.7 115.9 117.4 112.7 112.4
115.3 115.5 116.1 116.8 118.1 114.5 119.4
115.8 114.9 117.0 115.6 117.2 111.9 109.4
332.5 340.3 347.8 354.7 362.2 316.1 329.7
132.2 127.2 135.2 138.9 136.9 119.8 118.4
135.4 127.5 138.3 142.4 139.2 116.2 113.5
136.7 138.0 135.1 134.6 138.0 131.8 130.2

159.2 167.5 169.0 169.9
122.9 121.8 119.6 119.0
146.2 162.4 158.5 166.4
158.6 165.3 163.5 168.0
118.1 123.7 122.4 120.6
132.8 133.4 136.1 135.4
110.5 116.2 115.4 115.2
117.0 117.3 117.6 117.4
107.7 115.7 114.5 114.2
320.9 336.1 344.4 345.1
122.2 141.7 151.2 153.0
120.3 147.8 160.4 163.0
129.5 133.3 132.9 133.6

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

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

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

167.2
113.2
104.6
126.8
122.3
i 129.0
142.2
121.8
104.9
134.4

168.8
112.0
104.8
128.9
130.0
127.5
145.7
122.4
101.9
135.6

166.2
107.6
98.0
119.1
112.6
115.6
133.0
117.8
96.5
131.8

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

365
366
367
3672-9
369
3691

.19
1.65
3.94
3.87
.69
.11

123.7 108.7 92.5 105.8 96.8
98.5 138.3 103.5
118.9 120.1 119.8 122.0 123.0 124.7 121.6 126.0
266.5 273.3 277.1 287.1 295.0 301.2 269.9 278.7
272.5 280.4 283.9 294.1 302.7 309.1 275.4 286.6
128.3 127.9 125.1 125.2 128.2 127.7 131.0 132.8
119.1 109.8 113.1 110.3 119.0 119.1 125.6 121.6

3714
3716

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

109.5
128.9
111.7
143.1
144.3
152.4
137.6
133.2
120.2

109.6
127.9
104.8
151.9
153.7
164.9
143.0
131.8
101.2

111.9
132.0
108.6
154.0
156.4
167.0
146.5
137.1
107.7

111.5
129.6
110.6
153.5
155.5
165.0
147.1
130.3
113.9

111.9
128.9
111.5
152.4
153.8
163.8
144.7
129.1
102.3

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

3.62
2.30
.38
.94

! 90.3
90.7
87.7
88.6

91.5
92.0
85.9
90.6

92.2
93.1
86.0
90.5

93.5
94.2
86.4
92.8

94.8
96.0
85.4
93.6

Primary metals
Iron and steel
Basic steel and mill products
Basic iron and steel
Pig iron
Raw steel
Steel mill products
Consumer durable steel
Equipment steel
Construction steel
Can and closure steel
Miscellaneous steel
Iron and steel foundries

Transportation equipment
Motor vehicles and parts
Autos
Trucks and truck trailers
Trucks and buses
Consumer trucks
Business trucks
Motor vehicle parts
Motor homes
Aerospace and miscellaneous
transportation equipment
Aircraft and parts
Ships and boats
Railroad and miscellaneous

33
331,2
331

_
Index. 1§§2 = 100
Seasonally adjusted
™
"~adjusted
Slot seasonally
1997
f§§7
hrasir
Dec.
Jan. Feb/ Mar/
Aor/
Nov. Decr _ii£EL.- F e b /
Mar/

332

37
371 I

168.6
112.1
103.4
122.1
115.0
122.5
135.1
120.2
100.7
137.7

172.5
109.7
102.5
124.7
130.4
125.6
127.7
121.3
105.7
139.8

175.3
108.3
102.7
132.8
132.5
132.0
155.8
123.9
108.3
144.7

177.2
109.8
105.7
124.0
114.6
126.3
139.7
121.0
108.8
134.3

110.6
125.5
105.0
138.7
139.1
146.1
133.6
133.0
114.0
95.5!
97.5
85.2
92.4

168.7
109.6
100.9
125.9
128.8
115.7
146.2
120.5
115.2
133.8

170.0
107.6
99.6
114.8
112.2
92.1
130.0
119.6
105.5
132.2




175.1
105.8
99.5
133.9
131.8
133.3
155.0
126.2
102.9
146.8

175.9
107.0
100.0
130.1
117.9
138.4
155.9
120.9
103.4
140.7

86.8 100.8 95.9
90.4
120.6 121.7 123.0 124.2
275.3 287.4 296.8 300.1
282.4 294.6 304.9 308.0
123.6 123.7 125.2 124.8
97.4 103.0 104.7 101.7

108.9
127.8
113.2
143.2
144.8
150.5
136.8
130.2
100.8

99.0
103.4
84.9
118.9
119.0
125.4
110.2
108.6
79.6

110.1
127.6
102.6
146.1
148.4
154.1
140.5
136.0
101.4

117.6
142.1
125.1
170.2
172.9
180.1
162.8
139.3
120.3

117.1
138.9
117.6
159.8
161.2
170.0
148.9
143.1
114.8

118.2
140.4
122.7
161.2
162.6
167.2
156.1
141.2
139.1

90.2
90.3
87.3
89.5

93.3
94.2
88.2
91.4

92.6
93.9
85.6
90.4

93.7
95.0
84.3
92.4

95.7
97.4
85.5
93.7

96.4
98.5
86.2
93.3

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

14

172.3
106.9
100.1
133.5
135.6
134.4
146.2
126.8
100.0
151.1

Table 6 (continued)
INDUSTRIAL PRODUCTION: INDUSTRY SUBTOTALS AND INDIVIDUAL SERIES
1996
IP
SIC Proportion1

Item

—
1956

Seasonally adjusted

Index. 1553 = 100
I
1556
r

NpYi

Dec.

v'flP-

Feb/

Mar.

Aor/

Nov.

"

Not seasonally adjusted
1997
Jan. JEsfcl .JtoL Aor.r
Dec.

38
381-4
384

4.72
3.77
1.45

103.0
99.9
106.8

104.1
100.9
107.5

103.3
100.3
108.0

104.6
101.5
110.2

105.0
101.7
110.0

105.0
101.7
109.8

102.8
99.4
103.7

104.0
100.8
101.8

101.1
97.5
100.0

103.2
99.8
104.2

103.7
100.1
104.5

103.7
100.0
104.9

Misc. manufactures
Consumer goods
Business supplies

39
391,3,4,6
395,9

1.29
.62
.67

114.1
107.3
121.0

116.6
110.7
122.6

116.3
108.9
123.7

117.1
108.6
125.6

116.3
108.1
124.4

116.6
108.8
124.4

118.1
112.9
123.4

117.5
111.9
123.1

112.3
105.6
119.0

114.8
107.0
122.6

115.7
108.2
123.3

115.7
108.5
123.0

Electric utilities
Generation
Fossil fuel
Hydro and nuclear

491,3pt

6.26
2.42
.91
1.51

112.7
111.1
111.5
111.6

112.6
111.3
106.9
115.0

113.2
112.8
110.8
115.0

110.9
111.1
104.7
116.2

110.3
111.5
107.0
115.3

112.2
112.9

104.4
104.9
105.1
105.4

112.9
112.6
104.8
118.3

120.4 111.5
118.8 114.7
112.2 103.7
123.8 122.7

106.3
108.0
98.0
115.2

100.3
103.4

3.84
1.64
2.21
1.32
.89

113.8
116.0
112.3
117.3
105.5

113.5
115.5
112.1
116.9
105.8

113.6
114.0
113.4
117.9
107.4

110.8
110.2
111.4
114.8
107.0

109.6
107.9
111.0
114.8
105.8

111.8

113.3
120.0
108.5
112.4
103.0

121.5
135.9
111.3
116.7
104.0

109.5 105.3
115.6 104.1
105.2 106.1
108.1 108.2
101.1 103.2

98.5

112.1

104.1
100.2
107.0
109.2
103.9

104.5

1.81
.80
.35
.48

120.9
121.2
124.2
116.3

112.7
109.3
118.3
111.2

110.9
107.7
113.6
110.4

107.6
101.6
109.1
110.1

108.4

112.9

124.3
127.4
131.1
117.9

165.7
188.1
177.7
139.2

197.1
232.6
209.5
158.4

171,6
196.3
185.9
142.5

154.8

112.3

Instruments
Scientific and medical
Medical instruments

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

492,3pt

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

Table 7
INDUSTRIAL PRODUCTION: GROSS VALUE OF PRODUCTS
Billions of 1992 dollars at annual rates, seasonally ad lusted
item

1992

1996

155S
Q4

1556

Q2

Q1

Q3

Q4

1557r ! 1556
Q1

Dec.

1557
Jan.

Feb/

Mar/

Apr/

MayP

Products, total

2001.9 2261.9 2212.2 2221.1 2259.7 2274.1 2291.8 2315.1 2301.1 2302.9 2315.3 2327.1 2319.9 2328.4

Final products

1562.1 1766.0 1725.1 1733.5 1765.9 1776.0 1787.9 1809.3 1796.8 1798.4 1808.8 1820.7 1812.8 1819.3

Consumer goods
Durable
Automotive products
Other durable goods
Nondurable

1049.6
238.3
123.8
114.4
811.3

1166.0
302.7
157.6
145.1
863.9

1152.7
297.5
156.8
141.7
855.9

1152.7
291.2
149.9
141.4
861.7

1167.4
307.1
160.5
146.6
861.4

1166.7
309.3
163.2
146.1
858.5

1176.4
303.1
157.0
146.1
873.3

1179.9
310.3
164.1
146.2
870.4

1182.3
307.1
159.6
147.5
875.6

1176.3
305.8
163.0
142.9
870.9

Equipment, total
Business and defense
Business
Defense and space

502.5
483.9
399.2
84.7

599.2
573.9
509.1
64.9

571.8
548.6
483.0
65.6

580.2
565.9
491.5
64.4

597.7
571.3
505.9
65.4

608.6
583.0
517.7
65.4

610.7
585.7
521.4
64.4

628.8
600.9
537.7
63.3

613.7
589.3
525.2
64.1

621.4
595.2
532.4
62.9

630.4
602.4
539.1
63.4

449.9
177.2
272.7
70.4

496.4
206.0
290.2
80.3

487.5
198.0
289.3
78.7

488.1
199.5
288.4
79.6

494.4
205.3
288.9
80.5

498.7
209.6
288.9
79.3

504.3
209.3
294.7
81.6

506.5
210.8
295.5
80.4

504.9
207.3
297.3
82.2

505.1
206.4
298.4
81.3

507.2
211.7
295.2
80.2

Intermedlateproducts
Construction supplies
Business supplies
Commercial energy products

1177.7 1185.5
310.6 314.3
164.6 164.8
146.1 149.6
868.0 872.4

1174.6
302.5
155.2
147.3
872.2

1176.4
305.5
157.1
148.4
871.3

634.5
604.9
541.5
63.5

637.6
607.5
544.2
63.4

642.4
611.5
548.0
63.7

507.2
214.3
292.8
79.7

507.8
212.6
295.0
81.1

509.7
213.3
296.2
81.3

Table 8
DIFFUSION INDEXES OF INDUSTRIAL PRODUCTION
Percent
Jan.

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.

Oct.

Nov.

Dec.

1995
1996

55.3
34.5
45.5

47.7
65.5
61.4

50.0
54.2
55.1

43.2
52.7
54.5

47.7
58.0

50.4
64.8

52.7
51.5

58.7
53.4

54.9
50.8

44.7
55.3

47.3
56.8

47.7
57.4

1995
1996

64.0
41.3
56.4

58.7
50.0
59.5

49.6
53.8
56.8

43.6
68.9
58.0

43.2
59.1

47.3
63.8

48.5
56.4

52.7
61.0

58.0
53.0

51.9
57.2

48.5
52.3

45.1
56.4

1995
1996
1997

62.1
47.3
56.1

62.9
49.6
61.0

64.4
49.6
61.7

54.9
54.2
59.1

51.1
59.5

44.3
67.0

44.3
63.6

46.2
60.6

51.1
61.0

47.3
60.2

50.8
60.2

53.0
58.0

Year
One Month Earlier
1997
Three Months Earlier
1997
Six Months Earlier

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




15

Table 9
ELECTRIC POWER USE: MANUFACTURING AND MINING
index. 1S S i U l u u
Item
Total

1992
5 Basgnall>/adjusted
Billion "T5S5"
1§97
Jan.
Feb/
Mar/
1987 SIC 1 KWH
Nov.
Dec.
934.1 106.0 106.3 106.4 106.8 105.4

Notseasonatilv adjusted
Aor.P
106.8

1996
Nov.
104.8

Dec.
104.6

Jan.
104.1

Feb/
103.6

Mar/
104.1

Apr.P
105.4

1997

MAJOR INPU3TRY QBOUPS
Manufacturing
Durable
Nondurable
Mining
INDUSTRY GROUPS and SERIES
Metal mining
10
101
Iron ore
102
Copper ore

854.0
365.8
488.3
80.1

106.3
104.7
107.6
101.0

106.5
104.4
108.2
104.0

106.5
104.8
108.0
104.3

107.0
105.9
107.8
104.4

105.6
104.3
106.6
102.6

107.1
106.6
107.5
102.7

105.0
103.4
106.3
101.7

104.4
102.3
106.1
106.6

103.8
101.9
105.4
107.3

103.6
103.6
103.6
103.8

104.2
104.3
104.2
102.1

105.6
105.4
105.8
103.2

18.6 | 111.0
7.3 115.2
6.6 113.9

115.4
113.7
123.7

113.8
119.0
115.1

117.4
129.7
115.7

121.4
135.7
119.0

114.4
124.4
113.9

113.0
119.6
114.1

118.2
118.6
124.8

116.5
119.1
119.6

113.3
121.2
114.2

117.4
129.9
113.8

114.4
125.7
112.6

12

12.7

96.9

100.6

98.3

95.2

91.8

97.7

98.9

107.1

109.4

108.6

100.4

100.6

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

13
131
132

36.0
31.0
3.6

92.7
91.1
94.9

94.1
93.7
93.2

95.7
96.2
86.8

96.2
97.8
75.0

93.2
93.3
86.5

94.7
94.4
92.1

90.6
89.6
92.8

96.1
95.5
95.6

99.0
99.3
89.6

93.5
95.2
71.5

92.1
92.5
83.6

94.1
94.1
90.6

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

14
142
144
147

12.8
3.5
2.7
4.7

110.4
134.0
110.8
102.8

114.0
143.0
112.1
106.5

117.4
150.5
109.0
112.8

115.2
146.8
101.9
111.4

109.9
144.9
108.2
101.2

110.1
147.8
105.9
99.7

113.7
146.8
118.4
102.2

112.8
141.3
110.2
105.3

110.0
124.5
93.9
112.1

107.3
118.9
86.5
111.2

104.3
119.8
94.4
102.6

110.7
144.0
104.0
102.2

Foods
Meat products
Dairy products
Canned and frozen food
Grain mill products
Bakery products
Sugar and confectionery

20
201
202
203
204
206
206
207
208
209

58.8
10.3
6.8
8.1
11.4
3.5
4.0
3.9
6.1
4.7

114.2
123.9
106.8
113.5
123.1
109.1
105.2
108.5
102.1
117.6

115.3
124.3
107.4
113.7
123.6
109.5
113.8
110.0
101.9
119.5

115.5
124.8
109.4
111.3
125.4
111.1
115.3
111.0
99.9
118.0

115.4
123.3
109.0
115.4
122.3
111.5
117.9
111.8
100.9
116.9

114.0
121.6
105.6
114.6
122.8
108.6
115.6
111.5
100.1
114.8

115.1
124.6
105.0
115.7
123.4
109.2
115.1
108.3
101.1
118.8

114.2
121.1
101.5
113.9
126.3
106.1
124.5
112.0
97.3
116.0

111.5
118.9
100.9
105.8
120.8
103.2
132.6
117.5
93.4
114.9

110.3
118.4
102.8
99.9
122.9
103.5
128.3
120.8
90.7
110.9

107.5
113.2
99.4
102.4
120.0
101.3
122.6
114.9
89.1
107.4

106.6
112.9
98.8
103.7
119.8
100.3
107.3
111.7
91.0
106.4

108.3
117.4
101.2
104.2
121.0
102.6
97.6
106.4
94.7
110.6

21

1.5

105.1

98.8

102.1

92.0

93.5

96.0

101.9

93.2

91.7

92.2

90.6

92.4

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

22
221-4
226
226
228
229

31.5
11.8
4.1
2.5
8.3
3.4

108.6
101.1
101.7
122.5
113.2
119.3

109.1
99.5
104.3
126.8
116.4
120.5

109.6
102.4
107.5
122.9
112.6
120.8

110.8
103.7
107.0
124.4
114.2
120.4

107.3
100.8
108.1
120.3
111.0
114.5

109.1
101.6
111.7
123.6
108.7
122.6

104.7
97.4
96.6
121.9
108.8
116.1

100.8
91.7
94.5
123.3
106.6
112.9

93.3
87.0
88.4
113.7
94.1
105.7

104.4
97.8
100.4
122.6
107.0
113.5

102.8
96.4
101.1
121.5
106.1
110.6

106.3
98.8
106.3
123.1
105.9
120.9

Apparel products
Men's outerwear
Women's outerwear

23
231,2
233

8.2 103.6
2.0 I 97.0
99.9
2.5

100.3
92.7
98.2

100.5
93.2
98.0

99.1
93.5
91.3

99.6
90.9
95.7

101.3
92.7
97.0

97.2
88.5
92.4

91.9
82.4
88.7

87.4
77.3
85.8

92.4
84.3
84.4

91.9
81.5
86.8

93.2
84.6
88.6

Coal mining

Beverages
Coffee and miscellaneous
Tobacco products

Lumber and products
Lumber
Millwork and plywood

24
242
243

19.8
7.7
5.6

119.7
108.9
132.2

119.9
110.6
132.1

117.2
109.2
131.4

119.4
112.3
133.4

119.5
111.2
131.1

122.9
114.5
134.2

120.1
111.1
131.8

119.7
110.9
131.8

118.5
111.5
131.8

122.7
117.6
136.1

121.1
113.6
132.7

124.2
116.4
135.9

Furniture and fixtures
Household furniture

25
251

6.0
3.2

114.5
113.0

114.6
112.1

113.6
111.0

115.1
113.4

114.4
111.3

118.8
116.0

112.2
111.0

112.7
111.5

109.4
108.3

116.1
116.6

113.7
112.9

116.5
115.3

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

26
261
262
263
265
267

113.3
8.8
62.3
28.3
5.1
8.9

102.1
97.9
101.4
101.3
110.0
103.2

103.8
95.4
104.2
104.8
108.1
102.1

103.9
92.6
104.3
106.4
107.3
102.6

100.7
87.8
101.4
100.2
106.0
100.8

100.1
92.3
101.1
97.7
102.9
99.8

100.8 102.0
90.4
99.6
102.1 i 101.4
96.9 100.5
102.0 109.3
103.1 102.8

103.0
98.3
103.7
103.1
105.4
99.8

103.1
95.0
104.2
105.6
103.5
98.3

99.0
87.2
100.0
99.7
102.2
97.5

98.8
91.9
99.9
97.0
100.3
97.5

100.1
87.3
101.7
97.1
101.2
100.9

Printing and publishing
Newspapers
Commercial printing

27
271
275

17.3
3.6
9.2

113.8
102.7
113.4

112.7
106.3
113.1

113.4
105.4
113.6

112.4
104.7
113.4

110.5
102.3
110.8

112.7
103.1
113.9

110.1
99.2
109.8

107.0
102.7
106.5

105.8
100.6
105.4

102.8
96.7
103.3

102.2
94.6
102.7

105.0
96.5
106.0

171.7
78.9
14.9
38.3
14.0
24.3 !

104.6
99.7
78.3
100.9
97.4
102.6

106.0
100.0
76.4
102.2
100.3
103.2

106.3
101.4
79.4
103.5
98.5
106.0

105.2
100.3
78.0
101.4
100.2
102.0

103.4
98.5
73.8
97.4
97.1
97.6

103.7
97.2
77.5
94.5
95.0
94.3

103.0
98.5
76.3
99.3
97.8
100.0

104.8
99.9
76.9
103.2
101.7
103.9

106.5
102.2
77.8
105.2
101.9
106.8

101.7
96.8
75.3
96.3
97.7
95.6

102.9
99.4
77.0
99.9
95.1
102.3

103.6
98.3
79.1
97.5
94.9
98.8

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




16

Table 9 (continued)
ELECTRIC POWER USE: MANUFACTURING AND MINING
II
_
Seasonally adjusted
Jism

1992
Billion
tg87.sic l KWH

index.

I

mi=m

press
Nov.

Dec.

Jan.

Feb/

Mar/

Aor.P

press
Nov.

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

Aor.P

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

29.2
18.3
6.7
3.0
39.2
9.7

108.7
116.8
123.9
103.8
106.4
115.5

111.8
124.8
125.8
104.7
106.5
120.8

109.6
118.2
124.3
104.9
108.8
119.5

109.2
117.9
123.6
100.5
109.0
118.3

107.6
116.7
122.0
98.6
111.1
116.8

108.6
119.0
123.7
102.0
113.0
119.1

107.2
114.3
117.8
99.6
105.3
116.0

109.1
122.7
118.3
99.1
105.5
121.8

109.5
117.5
115.7
102.0
109.1
120.2

106.1
114.9
114.6
97.4
106.6
116.5

105.1
115.4
114.4
97.1
110.6
115.5

107.8
119.4
115.3
96.8
112.3
121.1

29

47.0

108.8

105.4

101.5

108.1

110.9

111.9

107.8

107.1

104.9

102.3

106.1

110.2

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

30
301
306
308

38.0
4.3
3.2
28.9

123.4
102.7
111.4
129.5

123.9
99.6
111.8
130.7

124.1
95.9
112.1
132.0

124.5
101.7
110.9
131.3

121.8
100.7
108.0
128.2

124.5
102.6
110.2
131.4

122.7
102.4
108.7
129.0

118.9
92.8
107.8
126.1

114.7
90.4
104.9
121.3

123.0
100.1
110.9
129.6

122.4
100.1
109.3
129.1

123.4
101.8
107.0
130.5

Leather and products
Shoes

31
314

1.0
.3

92.8
90.2

91.5
90.9

92.2
93.8

90.2
91.8

89.5
87.8

89.5
87.6

89.8
87.2

87.1
84.2

87.4
86.1

89.0
88.8

87.1
83.6

87.1
83.6

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

32
321
322
324
325 I
327

33.8
1.5
7.3
9.6

108.7
104.4
99.1
109.7
115.2
108.3

108.7
104.8
100.2
109.0
116.7
109.9

111.0
101.3
101.1
115.2
118.2
107.8

111.1
108.2
100.3
115.8
117.9
106.7

109.0
104.7
101.2
108.5
115.4
107.9

111.0
106.3
105.0
107.9
119.4
109.4

110.9
103.3
99.2
117.0
115.6
110.2

108.7
103.7
97.7
112.6
116.7
110.9

106.2*
97.4
97.7
105.1
113.8
105.0

103.9
104.4
99.1
95.1
113.2
101.8

104.4
104.0
100.3
95.5
113.8
104.3

108.9
104.4
103.6
102.9
118.6
108.2

95.0
103.4
120.0
80.5
68.2
125.0

94.9
106.0
116.3
79.3
65.5
118.2

94.0
105.1
110.6
78.8
64.3
117.5

97.8
110.8
115.8
80.8
69.1
119.6

96.5
109.6
113.9
79.7
65.4
115.7

94.5
97.3
111.1 103.1
117.6 I 121.8
79.0
78.8
65.7
66.8
118.9 126.5

94.7
104.7
114.1
80.6
66.6
117.0

95.1
107.4
106.4
80.4
66.0
113.7

96.0
111.1
118.1
76.2
63.5
121.0

98.8
113.6
118.2
80.2
66.2
118.1

98.5
113.0
121.2
79.0
65.7
120.0

Petroleum products

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

1.4
4.7

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

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

34
341
342
344
345
346

31.4 112.3
2.9 113.4
2.7 109.5
5.4 I 116.0
1.7 116.5
6.7 122.1

114.1
116.6
109.9
119.0
117.9
122.9

114.5
112.9
111.5
119.5
115.2
126.6

111.0
111.0
109.7
114.7
114.9
123.9

110.3
108.0
107.8
115.9
113.5
122.8

113.6
112.3
110.1
120.6
114.4
125.8

110.8
111.2
107.5
115.4
114.3
121.2

110.1
109.2
105.7
116.9
111.7
120.1

109.5
108.1
103.9
118.7
108.3
119.3

112.0
109.7
109.1
118.1
115.3
125.9

111.8
109.2
107.5
118.2
114.4
126.8

112.0
112.4
107.4
118.5
111.9
124.8

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

35
351
352
353
354
355
356
357
358

33.2
2.6
2.0
3.8
4.1

107.7
97.0
129.0
109.3
115.0

106.4
95.4
122.8
110.1
113.7

106.6
92.7
115.7
114.4
113.8

107.0
94.3
112.9
113.3
113.1

104.5
92.0
119.2
109.5
111.1

107.4
95.0
123.3
112.2
113.0

104.6
96.7
124.0
108.6
111.0

102.0
91.6
119.5
106.1
108.2

100.4
89.6
119.9
107.5
107.0

105.6
94.3
121.7
112.0
112.1

103.3
92.7
127.1
108.0
110.0

104.3
95.1
127.5
107.7
109.6

5.2
5.1
3.5

105.4
89.9
114.2

105.8
84.8
115.7

105.0
87.1
109.9

108.4
87.0
113.8

104.6
84.7
110.4

107.5
87.4
113.2

102.4
86.6
111.1

100.1
84.2
107.5

98.4
82.2
100.1

107.2
84.2
109.5

103.6
82.3
107.5

104.8
83.4
110.1

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

36
361
362
363
364
365
366
367

33.0
1.3
4.0
2.4
3.0
.8
3.3
14.5

119.5
88.7
87.8
102.8
113.4
130.8
116.6
137.6

118.9
88.7
86.3
102.4
112.3
133.3
114.7
137.7

119.6
87.3
86.2
104.7
111.9
140.3
115.2
137.4

117.1
86.4
84.6
101.7
112.8
135.3
118.4
134.7

115.6
86.4
82.9
95.5
109.8
130.9
114.4
134.4

119.7
88.8
83.3 j
103.6
111.2!
135.7!
116.4
139.2

116.3
85.6
85.1
98.1
110.8
129.9
111.5
134.0

114.9
84.3
83.3
92.5
107.6
129.8
111.3
134.0

112.6
82.8
83.1
97.3
104.6
133.4
107.0
129.7

112.8
84.4
82.3
98.5
111.9
131.0
110.7
128.6

112.6
83.7
81.2
93.5
109.3
128.5
109.0
130.5

115.7
84.0
82.4
99.7
109.1
129.3
111.6
134.8

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

37
371 i
372
373

39.6
22.8
10.7|
2.2

105.7
116.8
83.4
90.0

103.7
112.9
86.3
88.4

106.9
118.1
86.9
86.9

107.1
120.3
83.7
86.6

104.9
117.2
82.6
85.0

108.0
120.9
86.1
80.5

103.2
114.7
80.4
86.9

99.0
107.6
82.7
88.0

100.6
110.6
81.9
87.1

104.5
116.6
81.7
88.9

104.1
116.7
80.7
86.1

105.1
117.3
83.5
80.6

Instruments
Photographic equip. & supplies

38
386

13.7
1.8

98.6
87.6

100.2
91.6

102.0
96.3

101.9
95.8

99.5
90.3

102.8
97.6

95.3
84.1

95.2
87.8

95.9
94.1

97.2
93.7

96.4
91.9

97.2
90.7

4.5

129.6

132.0

130.3

130.6

126.3

130.9

125.0

124.8

121.3

127.3

123.2

125.8

909.8
835.3
98.8

106.1
106.2
99.3

106.5
106.7
98.9

106.4
106.7
97.0

107.0
107.5
99.3

105.7
105.7
99.1

107.4
107.1
101.1

105.0
105.2
98.9

104.6
104.6
103.8

104.0
104.1
103.8

104.0
104.2
95.3

104.2
104.3
100.6

105.7
105.9
99.1

Miscellaneous manufactures

39]

SUPPLEMENTARY 3R0UPS
Total, excluding nuclear nondefense
Utility sales to industry
Industrial generation




17

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

Production

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

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

Utilization

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

Seasonaladjustment. Individual series are seasonally adjusted by the X-l1ARIMA
method, developed at Statistics Canada. For series based on production-worker
hours, the current seasonal factors were estimated with data through October 1996;
for other series, the factors were estimated with data through at least June 1996. In
some cases, series were preadjusted for the effects of holidays or the business cycle
before using X - l l ARIMA. For the data since 1977, all seasonally adjusted
aggregate indexes are calculated by aggregating the seasonally adjusted indexes of
the individual series.

Release Schedule for 1997

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

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




18