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O? G O w

FEDERAL RESERVE statistical release
•:MLRE's^>*

For release at 9:15 a.m. (EST)
March 14,1997

G.17(419)

INDUSTRIAL PRODUCTION AND CAPACITY UTILIZATION

Industrial production rose 0.5 percent in February after having edged down a revised 0.1 percent in January.
The increase resulted from gains in the production of durable consumer goods, business equipment, construction supplies,
and durable materials; the output of energy products and energy materials fell sharply because of the unseasonably warm
weather. At 118.1 percent of its 1992 average, industrial production in February was 3.8 percent above its level of
February 1996. Capacity utilization edged up 0.1 percentage point, to 83.3 percent, matching the average level in the last
half of 1996.
Market Groups
The output of consumer goods was unchanged in February; gains in the production of durable goods and
nondurable goods other than energy products were offset by weather-related declines in the output of energy products.
Among durables, the output of motor vehicles advanced further, to a level well above the average pace in 1996. In
(over)

INDUSTRIAL PRODUCTION AND CAPACITY UTILIZATION: SUMMARY
Seasonally adjusted

Industrial Production

1996
Nov/

Index, ' 992=100
1997
Dec/
Jan/

Total index
Previous estimates

117.2
117.1

117.7
117.7

117.6
117.7

118.1

.8
.8

.4
.5

-.1
.0

.5

3.8

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

114.1
112.3
129.8
120.7
122.2

114.3
112.7
130.5
118.1
123.1

114.3
112.1
131.8
118.1
122.7

114.8
112.1
133.3
119.7
123.3

1.1
1.3
.8
2.6
.4

.2
.4
.5
-2.2
.8

.0
-.6
1.0
.0
-.3

.5
.0
1.1
1.4
.5

3.6
2.1
7.0
5.7
4.1

Major industry.groups:
Manufacturing
Durable
Nondurable
Mining
Utilities

118.5
128.4
107.9
103.5
114.5

119.2
128.9
108.8
105.0
112.7

118.9
128.9
108.1
104.3
114.1

119.8
130.5
108.5
105.6
110.1

.8
1.0
.5
.1
2.4

.6
.4
.8
1.4
-1.6

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

.8
1.2
.3
1.3
-3.5

4.4
5.6
3.0
4.8
-2.8

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




Average
1967-96

1982
Low

Feb.P

1996
Nov/

Percent o\ capacity
1988-89
1996
1996
High
Feb.
Nov/

Percent chanae
1997
Dec/
Jan/

Dec/

1997
Jan/

Feb.P

Feb.P

Feb. 96 to
Feb. 97

Capacity
growth
Feb. 96 to
Feb. 97

82.1

71.1

85.3

83.2

83.4
83.4

83.5
83.5

83.2
83.3

83.3

3.7

81.2
80.6
82.3
87.5
87.2

69.0
70.4
66.2
80.3
75.9

85.7
84.2
88.9
86.8
92.6

82.2
80.9
85.3
88.5
91.5

82.4
80.5
86.5
91.1
91.0

82.5
80.7
86.6
92.4
89.3

82.1
80.3
86.0
91.7
90.4

82.5
80.6
86.6
92.9
87.1

4.1
4.9
2.3

i "-1

2.1

addition, the production of appliances rebounded, reversing some of the decline posted in January. On balance, however,
the output of appliances was somewhat below the high levels of last spring and summer. The production of nondurable
consumer goods other than energy products also turned up; so far this quarter, the output in this sector, which perked up
late last year, is about unchanged from the fourth-quarter level.
The output of business equipment rose 1.1 percent further in February, with all major categories posting
gains. The output of information processing equipment continued to contribute importantly to the strength in this sector,
accounting for about half of the February gain. In addition, the ongoing strength in commercial aircraft boosted the
production of transit equipment; the output of industrial equipment, which had been quite sluggish last year, rose
noticeably for a second month.
The output of construction supplies rebounded, reversing much of the weakening of the previous two
months. The production of materials rose 0.5 percent, led by a sizable gain 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. The output of nondurable
goods materials edged down 0.3 percent; gains in the production of paper materials were offset by declines in other
categories. Over the past few months, the output of paper and chemicals has improved somewhat, while, on balance, the
production of textiles has weakened. The production of most energy materials fell back in February because of the
relatively mild weather.
Industry Groups
Manufacturing output rose 0.8 percent in February after a 0.2 percent decrease in January. The gain mainly
reflected a rebound in durables; the output in this sector was about flat in January. The production of nondurables rose
0.3 percent, retracing part of the decline in January. The sharp drop in utility output more than offset a large increase in
the index for mining, which was boosted by higher coal output and a pickup in oil and gas drilling activity.
The factory operating rate rose 0.4 percentage point, to 82.5 percent, and was just slightly above the level of
a year earlier. The utilization rate for advanced-processing industries edged up 0.3 percentage point, to 80.6 percent; the
rate for primary-processing industries rose 0.6 percentage point, to 86.6 percent.




2

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

Twelve-month percent change

Twelve-month percent change

Total industry

-5

-10

-10

10
5

o
-5

-10
1992

1994

1992

1996

Total industry

1994

1996

Manufacturing

Ratio scale, 1992 production = 100

Ratio scale, 1992 production =

160

1985



1990

1995

1985

3

1990

1995

Table 1A
INDUSTRIAL PRODUCTION: MARKET GROUPS

Oct.

Nov.

r

Dec/

Index. 1992=100
I
1997
1996
r
Sept.
Jan.
Feb.P

116.0

116.2

117.2

117.7

117.6

118.1

119.1

117.5

116.1

115.3

116.5

118.2

59.92
45.14

112.7
113.3

112.8
113.6

114.1
114.8

114.3
115.3

114.3
115.3

n4.8
115.8

117.1
117.6

114.6
115.3

112.8
113.6

111.8
112.9

113.0
114.7

114.2
116.3

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

110.5
127.1
127.7
134.6
129.9
146.6
116.2
126.6
174.2
129.2
228.7
110.5
107.6
106.3
105.9
106.1
95.1
113.5
101.9
109.4
! 105.4
110.9

110.8
124.5
122.0
125.7
112.3
147.4
114.4
126.2
176.5
123.6
242.4
108.6
106.5
107.3
106.8
106.6
95.5
115.5
102.9
110.7
108.1
111.7

112.3
127.1
127.4
133.8
123.5
152.4
116.4
126.8
176.9
125.6
240.4
110.7
106.4
108.5
107.4
107.2
95.0
117.3
102.9
115.3
107.8
118.5

112.7
128.5
127.3
135.7
116.2
164.9
113.9
129.2
181.5
137.4
234.1
109.5
109.6
108.8
108.3
108.5
94.9
118.4
103.0
111.9
106.0
114.4

112.1
127.2
130.0
138.8
120.4
167.0
116.2
125.2
171.1
122.6
230.8
105.4
108.9
108.3
107.5
107.9
94.0
117.3
101.8
113.3
105.5
116.6

112.1
128.8
130.7
139.4
123.2
165.0
117.1
127.4
177.9
127.3
240.2
106.9
109.1
108.0
107.8
108.5
93.1
117.4
102.3
109.3
106.5
110.3

115.0
132.1
134.6
143.8
128.9
161.4
120.2
130.2
181.5
130.5
243.9
114.9
108.7
110.7
113.3
114.4
99.6
125.3
102.4
95.8
107.6
90.3

112.2
132.2
133.2
142.9
124.3
164.7
118.3
131.4
187.3
133.0
254.2
113.6
108.9
107.3
109.9
112.2
98.2
116.7
100.9
92.6
108.2
85.3

110.6
127.1
127.0
135.3
122.4
150.5
113.9
127.0
175.8
122.5
241.9
106.3
109.7
106.4
105.8
106.4
94.6
111.8
103.0
110.4
111.7
109.8

110.4
119.2
109.8
107.4
92.0
125.4
109.8
125.6
168.9
119.5
229.8
103.7
111.6
108.0
103.6
102.7
91.7
111.5
103.8
133.2
110.5
143.8

112.7
123.0
124.3
131.0
111.3
154.1
113.1
122.0
164.7
121.1
217.3
102.4
107.2
109.9
102.6
102.6
88.1
110.6
101.5
152.0
102.7
175.1

112.6
133.1
139.7
156.1
135.7
180.1
116.8
128.3
181.4
138.8
231.3
109.0
108.1
107.6
103.3
103.4
90.3
110.3
102.5
132.1
101.7
146.3

16.99
13.81
5.68
1.55
4.49
2.30
1.13
1.33
2.31
.64
.23

118.1
128.3
146.3
314.3
126.3
103.8
117.7
115.5
77.7
117.5
165.6

118.4
128.8
147.4
318.8
127.0
101.9
109.4
118.7
77.0
120.2
165.3

119.0
129.8
147.1
323.5
127.1
106.6
115.9
119.9
76.1
120.7
159.8

119.5
130.5
148.1
327.1
127.4
106.9
113.9
121.0
76.3
123.6
146.2

120.7
131.8
149.1
332.0
127.9
109.4
117.2
123.1
75.4
130.8
156.3

122.2
133.3
151.1
337.6
128.7
111.5
118.9
123.7
75.8
140.7
158.5

122.0
132.9
151.5
324.7
132.1
105.2
122.3
120.9
77.9
126.2
175.6

120.5
130.9
148.3
320.9
128.5
106.2
121.8
121.8
76.8
130.4
183.7

118.7
128.7
145.6
311.4
125.8
106.1
116.5
118.5
77.0
132.7
156.9

117.0
126.5
148.1
324.3
123.1
97.7
90.2
114.5
78.2
133.7
123.2

118.0
128.4
144.3
313.1
124.6
107.6
111.4
121.2
76.2
129.5
137.3

122.5
134.1
147.4
326.3
129.7
118.3
132.7
126.9
75.9
133.4
151.1

14.78
5.72
9.06

110.6
119.8
105.3

110.2
117.7
105.8

111.9
120.7
106.8

111.4
118.1
107.4

111.3
118.1
107.3

111.8
119.7
107.1

115.8
126.1
109.7

112.7
123.6
106.4

110.3
119.3
105.1

108.4
111.7
106.4

108.0
109.4
107.1

108.0
112.4
105.4

40.08

121.2

121.7

122.2

123.1

122.7

123.3

122.1

122.0

121.4

120.9

122.1

124.7

23.04
4.33
8.63
10.08
3.33
8.92
.96
1.61
4.39
1.96
8.12
5.22
2.90

135.5
128.3
162.6
119.2
114.7
106.9
107.1
107.0
106.8
106.2
103.9
102.2
107.0

135.8
126.6
163.4
120.0
117.2
108.0
108.4
108.0
109.3
103.9
103.9
102.0
107.5

136.5
129.7
165.3
119.1
114.4
108.4
108.5
110.9
107.7
106.8
104.0
101.6
108.5

137.8
129.9
167.8
120.1
116.1
109.3
106.1
111.7
109.8
107.0
104.2
103.1
106.5

137.2
129.1
168.2
118.9
115.0
109.1
106.7
110.7
110.0
106.2
104.1
102.1
107.9

139.0
129.9
170.7
120.7
117.5
108.8
106.1
111.1
109.6
105.4
102.9
101.2
106.2

137.8
129.8
164.1
122.5
116.2
107.5
107.2
107.0
107.7
106.9
101.7
100.3
104.4

137.3
132.0
163.2
121.2
116.6
109.8
111.1
108.2
109.2
111.0
99.9
98.1
103.4

136.0
127.5
166.1
118.4
114.3
107.7
108.1
110.4
106.8
106.6
102.7
100.8
106.2

134.7
114.9
171.2
117.6
114.5
104.9
97.5
107.9
106.4
102.2
106.1
104.3
109.3

134.3
125.7
167.1
115.1
113.4
108.5
106.7
112.5
108.3
105.7
108.5
105.0
115.1

140.1
136.3
170.5
120.3
119.9
109.5
107.4
113.1
110.7
103.9
105.6
104.2
108.3

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

97.48
95.20
97.55
93.68

115.7
115.4
113.5
110.2

116.1
115.9
113.7
110.4

116.9
116.6
114.6
111.2

117.5
117.2
115.1
111.6

117.2
116.9
114.9
111.3

117.8
117.5
115.4
111.8

118.7
118.5
116.5
113.2

117.0
116.7
114.9
111.7

115.8
115.5
113.7
110.2

115.6
115.8
112.7
109.0

116.3
116.0
114.1
110.5

117.5
117.0
115.6
112.0

Consumer goods excluding:
Autos and trucks
Energy

26.76
24.65

109.2
110.6

109.9
110.8

111.0
111.8

111.5
112.8

110.7
111.9

110.7
112.5

113.4
117.6

110.6
114.9

109.2
110.5

110.2
107.1

111.6
107.1

110.5
109.8

Business equipment excluding:
Autos and trucks
Computer and office equipment

12.67
12.25

129.3
116.3

130.7
116.6

131.2
117.5

132.2
118.0

133.2
119.0

134.7
120.3

134.0
120.5

131.8
118.6

129.9
116.8

130.1
113.9

130.1
116.4

134.2
121.6

Materials excluding:
Energy

31.96

126.6

127.1

127.8

129.0

128.5

129.6

128.4

128.8

127.2

125.4

126.3

130.5

1996
IP
Proportion 1

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
Equipment, total
Business equipment
Information processing & related
Computer and office
Industrial
Transit
Autos and trucks
Other
Defense and space equipment
Oil and gas well drilling
Manufactured homes
Intermediate products
Construction supplies
Business supplies
Materials
Durable
Consumer parts
Equipment parts
Other
Basic metals
Nondurable
Textile
Paper
Chemical
Other
Energy
Primary
Converted fuel

I

1996
Sept.

100.00

Item

SeasonallvAdiusted

Not seasonally adjusted
1997
Nov/
Oct.
Jan/
Dec/

Feb.P

SPECIAL AGGREGATES

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




4

Table 1B
INDUSTRIAL PRODUCTION: MARKET GROUPS
Percent change

Item

1995Q4
to
1996Q4

Seasonally adjusted
annual rate
Seasonallvadiusted
I
Nqts
Iv adjusted
I Feb. 96
1996
1996
^W7
1996
T597^
to
r
Q1
Q2
Q3
Q4M Nov/ Dec.
Jan/ Feb.P Nov/ Dec/ Jan/ Feb.P Feb. 97

Total index

3.9

1.6

6.2

3.3

4.5

.8

.4

-.1

.5

-1.2

-.7

1.1

1.5

3.8

Products, total
Final products

3.8
4.1

2.2
3.1

5.3
5.9

3.1
2.8

4.8
4.7

1.1
1.0

.2
.4

.0
.0

.5
.5

-1.6
-1.5

-.9
-.6

1.1
1.6

1.1
1.4

3.6
3.7

2.5
2.4

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
-4.9
-11.6
-20.8
-40.2
3.9
3.2
•1
2.8
-13.9
18.7
•0
-2.1
8.7
7.9
6.4
-.8
17.3
5.0
12.9
2.7
17.8

1.3
2.1
4.4
6.5
10.0
3.4
1.7
.5
.2
1.6
-.8
1.9
-.1
1.1
.6
.5
-.6
1.5
-.1
4.1
-.2
6.1

.4
1.1
-.1
1.4
-5.9
8.2
-2.2
1.9
2.6
9.4
-2.6
-1.1
3.0
.2
.8
1.2
-.1
1.0
.1
-2.9
-1.7
-3.4

-.6
-.9
2.2
2.3
3.6
1.3
2.0
-3.1
-5.8
-10.8
-1.4
-3.7
-.6
-.5
-.8
-.5
-.9
-.9
-1.2
1.2
-.5
1.9

.0
1.3
.5
.4
2.3
-1.2
.7
1.8
4.0
3.9
4.1
1.5
.2
-.3
.3
.6
-1.0
.1
.5
-3.5
1.0
-5.4

-1.5
-3.9
-4.6
-5.3
-1.6
-8.6
-3.7
-3.3
-6.2
-7.9
-4.8
-6.4
.7
-.8
-3.8
-5.2
-3.7
-4.2
2.1
19.2
3.3
28.7

-.2
-6.2
-13.5
-20.6
-24.8
-16.7
-3.7
-1.1
-3.9
-2.4
-5.0
-2.4
1.7
1.5
-2.1
-3.5
-3.1
-.3
.8
20.6
-1.1
31.0

2.1
3.2
13.2
22.0
20.9
22.9
3.0
-2.9
-2.5
1.3
-5.5
-1.3
-3.9
1.8
-1.0
-.1
-^.0
-.8
-2.2
14.2
-7.1
21.8

.0
8.2
12.4
19.2
21.9
16.9
3.3
5.2
10.1
14.6
6.5
6.4
.9
-2.1
.8
.9
2.5
-.3
1.0
-13.1
-.9
-16.4

2.1
3.4
4.1
4.8
1.3
9.8
3.0
2.8
8.2
2.2
13.5
-1.0
.5
1.7
2.6
2.5
-3.5
5.5
2.5
-3.2
-.1
-4.5

1.3
-1.5
1.1
-1.7
1.3
-1.8
1.7
-2.9
.6
-2.1
-.1
1.9
1.5
-4.3
.4
-2.7
.5
.3
7.6!
1.7
1.4 -14.6

-1.4
-1.7
1.7
4.1
-2.2
-7.9
-22.6
-3.4
1.6
.8
-21.5

.8
1.5
-2.6
-3.5
1.2
10.1
23.5
5.8
-2.5
-3.1
11.5

3.8
4.4
2.2
4.2
4.1
10.0
19.1
4.7
-.5
3.1
10.0

6.4
7.0
8.4
30.9
.7
15.3
2.9
7.6
-.8
24.4
1.3

-2.1
-3.5
-1.2

-1.7
-6.4
1.3

-.4
-2.1
.6

.0
2.8
-1.6

3.5
5.7
2.0

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

•6
-3.7
7.3
1.3
3.4
10.6
1.8
18.5
•4
-•7
2.5
2.5
2.3
-2.7
5.2
2.8
2.5
3.3
2.3

.1
-4.8
-11.6
-21.0
-33.3
-4.6
3.6
.2
3.4
-5.7
11.4
-2.3
-1.0
1.5
-.2
2.9
-8.7
-1.0
-3.2
11.5
8.3
13.0

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

6.7
7.9
10.7
38.9
-•2
21.4
-1.8
3.5
-1.1
14.0
.4

8.1
9.9
16.1
47.9
-1.4
30.5
-23.8
-4.2
-5.7
30.9
4.4

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
444
-.1
22.2
8.9
6.4
1.8
-16.1
-2.0

3.3
5.4
7.2
22.1
1.2
5.9
-25.5
11.8
-6.5
2.5
-18.5

.5
.8
-.2
1.5
.1
4.6
5.9
1.0
-1.1
.5
-3.3

.4
.5
.7
1.1
.3
.3
-1.7
1.0
.3
2.4
-6.5

.9
1.0
.7
1.5
.4
2.3
2.9
1.8
-1.2
5.8
6.9

3.1
5.8
1.3

-.3
3.3
-2.5

3.6
11.1
-.8

4.1
9.3
.8

4.9
-.1
8.2

1.6
2.6
.9

-.5
-2.2
.6

-.1
.0
-.2

4.0

.7

7.5

3.6

4.1

.4

.8

-.3

.5

-.5

-.5

1.0

2.1

4.1

5.5
.7
11.2
2.8
2.8
2.7
1.2
2.2
4.4
.3
1.1
.1
2.9

2.6
-7.3
10.9
.3
-6.9
-5.0
-10.7
-11.0
-3.0
-.8
2.2
1.3
3.8

9.4
16.8
12.4
3.9
5.6
6.0
10.1
6.0
4.5
7.2
4.0
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
-7.0
10.9
3.0
7.8
6.1
-1.5
8.0
10.1
-.5
2.5
-.5
8.1

.6
2.4
1.2
-.8
-2.4
.4
.1
2.7
-1.5
2.8
.1
-.4
.9

1.0
.1
1.5
.8
1.5
.9
-2.2
.7
2.0
.1
.2
1.4
-1.8

-.4
-.6
.2
-.9
-1.0
-.2
.5
-.9
.2
-.7
-.1
-.9
1.4

1.3
.6
1.5
1.5
2.2
-.3
-.6
.4
-.4
-.8
-1.2
-.9
-1.6

-1.0
-3.4
1.8
-2.2
-2.0
-1.9
-2.7
2.1
-2.2
-4.0
2.7
2.8
2.7

-.9
-9.8
3.1
-.7
.2
-2.6
-9.8
-2.3
-.4
-AA
3.3
3.6
3.0

-.3
9.4
-2.4
-2.1
-1.0
3.4
9.5
4.3
1.9
3.4
2.3
.6
5.2

4.3
8.4
2.0
4.5
5.7
.9
.7
.5
2.2
-1.6
-2.6
-.7
-5.9

5.7
1.3
10.8
3.4
5.6
4.1
2.4
5.9
6.0
-.5
-.6
-1.4
.9

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

4.0
4.2
3.1
2.6

2.4
3.0
.1

5.3
4.8
5.4
5.0

3.1
3.3
2.4
1.9

5.4
5.6
4.1
3.5

.7
.6
.8
.8

.4
.5
.4
.3

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

.5
.5
.4
.4

-1.1
-1.0
-1.1
-1.3

-.2
.2
-.9
-1.1

.6
.2
1.2
1.4

Consumer goods excluding:
Autos and trucks
Energy

2.6
2.5

1.4
-1.3

1.7
4.1

.2
2.8

7.3
4.7

1.1
.9

.4
.9

-.7
-.8

.0
.5

-1.3
-3.8

.9
-3.0

1.2
.0

Business equipment excluding:
Autos and trucks
Computer and office equipment

8.8
4.3

13.5
5.8

5.2
4.3

8.0
3.9

8.8
3.3

•4
.7

.7
.4

.8
.9

1.1
1.1

-1.4
-1.5

.1
-2.5

.0
2.2

Materials excluding:
Energy

4.7

.4

8.4

5.6

4.5

.5

.9

-.4

.9

-1.2

-1.4

.7

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

•9

.5
1.4
-.1

SPECIAL AGGREGATES

7

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



5

1.0
3.8
.8
3.9
1.4
3.2
1.3 J 2.7
-1.0
2.5
3.2 I
4.5
3.3

1.9
2.8
7

-3

4.1
5.3

Table 2A
INDUSTRIAL PRODUCTION: INDUSTRY GROUPS
Index. 1992=100
1996
IP
SIC ProDortion1

Feb.P

100.00

116.0

116.2

117.2

117.7

117.6

118.1

119.1

117.5

116.1

115.3

116.5

118.2

86.34

117.4

117.6

118.5

119.2

118.9

119.8

121.7

120.2

117.6

115.2

115.4

118.7

27.72
58.61

113.5
119.3

113.8
119.5

113.8
120.8

114.1
121.6

113.5
121.5

114.5
122.5

115.8
124.6

115.8
122.3

113.4
119.7

111.0
117.2

110.8
117.7

113.8
121.1

46.79
2.06
1.30
2.12

127.2
110.7
108.8
113.1

127.1
109.2
110.4
111.7

128.4
113.1
110.5
111.8

128.9
109.2
110.4
111.4

128.9
109.4
109.0
111.8

130.5
111.0
109.4
112.5

130.7
115.4
115.1
116.5

129.7
115.4
111.4
115.7

127.7
111.1
108.3
112.0

124.9
103.4
108.6
106.9

125.7
104.9
105.3
105.2

131.3
108.5
109.6
107.7

3.52
1.88
.09
1.64
5.28

119.5
117.4
112.6
121.8
119.3

122.1
123.2
111.5
120.7
119.3

118.5
115.9
108.7
121.4
119.1

119.2
116.8
112.5
121.8
119.6

117.8
114.7
111.7
121.4
118.8

120.5
119.1
116.0
122.1
120.3

121.0
119.3
111.8
122.9
123.5

121.7
122.2
111.1
121.1
121.3

118.1
115.6
108.2
121.0
119.6

115.8
113.2
109.7
118.8
119.3

117.2
112.3
112.1
122.8
114.8

124.3
123.6
120.7
125.1
118.4

9.51
2.45
8.58
3.87

159.4
319.0
165.2
265.4

159.9
323.6
165.6
266.5

161.7
328.3
167.2
272.5

162.6
331.9
168.9
280.4

164.1
336.8
167.7
282.2

165.8
342.6
170.7
288.2

164.8
329.6
169.2
266.9

161.4
325.7
168.0
266.2

157.4
316.1
168.7
275.4

156.8
329.1
170.0
286.6

158.6
317.7
165.3
280.7

166.7
331.1
170.0
287.3

8.41
4.80
2.29
3.62
4.72
1.29

107.3
127.0
127.4
87.9
103.0
113.0

105.3
121.2
117.3
89.4
103.4
113.0

109.5
128.9
125.7
90.3
103.0
114.1

109.6
127.9
125.7
91.4
103.8
116.6

111.1
130.4
128.9
92.0
103.1
116.6

112.2
131.4
129.9
93.2
103.7
117.4

108.8
130.2
134.9
87.8
106.1
116.0

110.4
132.7
133.3
88.6
103.8
116.9

108.9
127.8
127.1
90.2
102.8
118.1

99.0
103.5
99.9
93.3
103.7
117.5

109.3
126.1
121.7
92.5
100.9
112.5

118.4
143.9
145.6
93.6
102.1
114.7

39.54
9.38
1.16
1.57
1.80
3-29

106.9
106.2
104.9
107.2
98.2
108.8

107.4
107.1
104.0
107.6
97.8
107.6

107.9
107.6
105.4
108.2
97.3
110.1

108.8
108.6
107.9
106.5
97.2
111.7

108.1
108.5
104.7
106.2
95.9
110.5

108.5
109.0
104.1
106.0
95.4
110.6

112.0
114.6
108.1
110.1
101.5
108.8

110.0
112.2
115.5
113.4
99.1
110.0

106.8
107.7
103.6
105.7
97.8
108.9

104.8
105.4
88.7
95.4
96.8
106.8

104.5
103.5
101.9
100.7
92.9
112.2

105.4
103.3
107.5
104.7
93.4
112.5

6.44
10.16
1.75
3.78
.20

99.1
109.7
106.9
122.8
79.4

99.7
111.3
108.4
121.4
78.4

100.0
111.8
107.4
121.7
77.3

99.8
113.6
107.3
122.5
80.1

99.1
113.3
106.7
120.9
78.2

99.6
113.3
107.4
122.6
77.8

105.1
115.2
111.9
124.1
81.1

100.7
112.1
109.7
122.7
80.0

98.7
108.6
109.6
121.7
79.0

97.9
107.9
107.7
121.6
80.3

95.0
109.4
99.1
119.6
76.4

95.7
110.5
99.4
122.5
75.9

10
12
13
14

5.60
.42
.87
3.71
.60

103.4
105.3
106.2
100.5
118.5

103.4
105.6
107.5
100.0
120.0

103.5
102.5
108.8
100.2
120.2

105.0
106.2
109.6
101.3
123.4

104.3
105.9
104.0
102.0
120.7

105.6
108.0
107.1
102.7
123.0

105.9
107.5
109.3
100.6
138.4

106.4
104.1
110.9
100.8
141.7

105.6
102.3
108.7
103.1
121.5

104.2
105.7
106.2
104.1
100.9

101.1
101.2
103.2
102.7
85.9

102.8
106.2
111.5
102.6
87.8

491,3pt
492,3pt

8.07
6.26
1.81

111.1
110.9
111.8

111.9
112.0
111.3

114.5
112.7
120.9

112.7
112.6
112.8

114.1
113.9
114.8

110.1
110.6
108.4

101.9
113.5
61.0

98.0
103.5
78.6

108.9
104.4
124.3

124.8
112.9
165.8

139.9
121.3
204.2

125.1
111.1
173.4

81.54
83.89
80.01

116.8
114.5
110.7

117.3
114.7
110.8

117.9
115.5
111.6

118.6
116.1
112.0

118.2
115.8
111.7

119.1
116.7
112.4

121.2
118.7
114.9

119.4
117.2
113.4

117.0
114.7
110.7

115.7
112.2
107.9

114.8
112.5
108.4

117.3
115.7
111.4

12.1
6.5
5.6
5.4
0.3

11.3
5.6
5.7
5.4
0.3

12.0
6.1
5.8
5.6
0.3

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

12.2
6.2
6.0
5.7
0.3

13.3
6.6
6.7
6.4
0.3

11.5
5.9
5.6
5.3
0.3

9.5
4.6
4.9
4.6
0.2

12.1
5.9
6.2
6.0
0.3

12.5
6.2
6.3
6.0
0.3

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

24
25
32

33
Primary metals
331,2
Iron and steel
Raw steel
Nonferrous
333-6,9
34
Fabricated metal products
Industrial machinery
35
and equipment
357
Computer and office equip
Electrical machinery
36
Semiconductors
3672-9
37
371
372-6,9
38

39

Nondurable
Foods
Tobacco products
Textile mill products
Apparel products
Paper and products

20

£1

m

28 |

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

Not seasonallv adiusted
1997
Jan/
Nov/ Dec/

1996
SeDt.

Item

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

1996
Seot.

Seasonallv Adjusted
1997
Jan/
Oct. Nov/ Dec/

27
28
29
30
31 !

Oct.

Feb.P

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

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




6

Table 2B
INDUSTRIAL PRODUCTION: INDUSTRY GROUPS
Percent change

Item

SIC

1995Q4
to
1996Q4

Seasonally adjustec
annual rate
1996
Q1
Q2
Q3
Q4 r

Seasonally adjusted
1996
1997
Nov.r Dec/
Jan.r Feb.P

Not seasonally adjusted
1996
1997
Nov/ Dec/
Jan/ Feb.P

Feb. 96
to
Feb. 97

Total index

3.9

1.6

6.2

3.3

4.5

.8

.4

-.1

.5

-1.2

-.7

1.1

1.5

3.8

Manufacturing

4.1

1.1

6.3

5.0

4.3

.8

.6

-.2

.8

-2.2

-2.1

.2

2.9

4.4

2.9
4.7

-1.9
2.6

5.9
6.5

5.4
4.8

2.4
5.2

.0
1.1

.3
.7

-.6
-.1

.9'
8

-2.1
-2.2

-2.1
-2.0

-.2
.4

2.7
2.9

4.0
4.6

5.7
3.1
2.5
2.0

3.7
-.5
-2.4
-.3

10.3
15.5
8.7
2.0

6.0
-1.9
-2.7
11.8

2.9
•1
7.0
-4.8

1.0
3.6
.1
.1

.4
-3.5
-.1
-.3

.1
.2
-1.2
.4

1.2
1.5
.3
.6

-1.5
-3.7
-2.7
-3.3

-2.2
-6.9
.3
-4.5

.6
1.4
-3.1
-1.6

4.5
3.5
4.0
2.4

5.6
4.5
1.3
3.1

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

3.8
2.4
-1.7
5.4
2.7

-5.3
-8.4
-2.8
-1.7
4.3

9.1
8.9
4.6
9.3
3.3

7.4
7.4
-.4
7.6
3.1

4.5
2.7
-7.9
6.7
.3

-2.9
-5.9
-2.5
.6
-.2

.6
.7
3.5
.3
.4

-1.2
-1.8
-.7
-.4
-.7

2.3
3.9
3.8
.6
1.2

-3.0
-5.4
-2.6
-.1
-1.4

-1.9
-2.1
1.4
-1.8
-.2

1.1
-.8
2.2
3.3
-3.8

6.1
10.1
7.6
1.9
3.1

5.2
4.6
4.4
5.9
2.0

9.9
37.4
7.1
16.0

10.9
45.2
7.7
16.5

10.6
40.7
8.5
14.5

11.6
43.0
5.6
15.3

6.5
21.8
6.7
17.8

1.1
1.5
.9
2.3

.5
1.1
1.0
2.9

.9
1.5
-.7
.6

1.0
1.7
1.8
2.1

-2.5
-3.0
.4
3.5

-.4
4.1
.8
4.1

1.1
-3.5
-2.8
-2.1

5.2
4.2
2.8
2.3

9.5
30.0
6.0
16.4

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

372-6,9
38
39

6.5
-1.6
-.4
18.9
2.6
3.2

-2.8
-21.4
-23.4
32.0
6.3
2.6

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
-24.7
18.0
2.5
5.9

3.9
6.3
7.1
1.0
-.4
1.0

.1
-.7
.1
1.2
.7
2.2

1.4
1.9
2.5
.7
-.6
-.1

1.0
.8
.7
1.2
.6
.8

-1.3
-3.7
-4.7
1.9
-1.0
1.0

-9.1
-19.0
-21.4
3.4
.9
-.6

10.5
21.9
21.8
-.8
-2.7
-4.2

8.3
14.1
19.6
1.2
1.2
1.9

7.5
3.1
4.1
13.7
.7
4.5

20
21
22
23
26

2.3
2.2
2.2
.6
-2.8
1.7

-1.9
.6
16.9
-8.4
-8.6
-9.7

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
6.5
7.8
-1.6
-3.6
3.0

.5
.5
1.4
.5
-.5
2.3

.8
.9
2.4
-1.6
-.1
1.4

-.6
-.1
-2.9
-.2
-1.3
-1.1

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

-2.9
-4.0
-10.3
-6.8
-1.3
-.9

-1.9
-2.2
-14.3
-9.7
-1.0
-1.9

-.3
-1.8
14.9
5.5
-4.1
5.0

.9
-.2
5.5
4.0
.5
.3

3.0
3.1
-3.1
2.0
-3.8
5.7

27
28
29
30
31

.4
4.9
3.5
2.4
-4.7

-4.3
-.8
6.1
-.9
-7.0

-4.2
2.2
1.6
2.9
-.4

3.8
6.9
2.4
7.8
-6.2

6.9
11.7
3.9
.1
-5.2

.2
.4
-.9
.2
-1.3

-.1
1.6
-.1
.6
3.5

-.7
-.3
-.6
-1.3
-2.3

.5
.0
.7
1.4
-.5

-2.0
-3.1
-.1
-.9
-1.2

-.9
-.6
-1.8
.0
1.6

-2.9
1.4
-7.9
-1.7
-4.9

.7
1.0
.2
2.5
-.6

.5
5.9
1.3
3.3
-4.8

10
12
13
14

3.6
1.7
4.1
3.2
7.1

1.8
-16.1
-11.5
6.6
9.4

10.9
8.6
26.9
8.1
8.3

.8
14.5
-4.6
-.5
7.5

1.1
2.5
9.6
-1.3
3.2

.1
-2.9
1.3
.1
.2

1.4
3.5
.7
1.2
2.6

-.6
-.2
-5.1
.6
-2.2

1.3
1.9
3.0
.7
1.9

-.8
-1.7
-2.0
2.2
-14.2

-1.3
3.3
-2.3
.9
-17.0

-3.0
-4.2
-2.8
-1.3
-14.9

1.7
4.9
8.0
-.1
2.3

4.8
11.2
5.9
3.9
4.8

491,3pt
492,3pt

1.4
.9
3.1

7.4
7.5
6.9

2.2
2.2
2.3

-12.0
-10.8
-16.1

9.6
5.9
23.3

2.4
•6
8.6

-1.6
-.1
-6.7

1.3
1.2
1.8

-3.5
-2.9
-5.6

11.1
.9
58.1

14.6
8.2
33.4

12.1
7.4
23.2

-10.6
-8.4
-15.1

-2.8
-2.7
t "34

4.5
3.3
2.7

2.6

4.7
5.3
4.9

5.1
4.0
3.4

5.6
3.8
3.1

•4

-.7

.7

.6
.5
.4

-.4
-.3
-.3

.8
.8
.7

-2.1
-2.1
-2.4

-1.1
-2.2
-2.6

-.8
.3
.5

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

37
371

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

24
25
32

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

•°

•7

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




7

2.2 '
2.8
2.8

4.5
3.7
3.1

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

SIC

I 16671996
Ave.

1996
Proportion

1973
High

19781980
High

1982
Low

1988- T990H
1989 1991
High
Low

1996
Feb.

-

1996
Sept.

Oct.

Nov/

Dec.r

1997
Jan.r

Feb.P

Total industry

100.00

82.1

89.2

87.3

71.1

85.3

78.1

83.2 ' 83.1

83.0

83.4

83.5

83.2

83.3

Manufacturing

87.43

81.2

88.5

86.9

69.0

85.7

76.6

82.2

82.1

82.0

82.4

82.5

82.1

82.5

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

85.3
80.9

86.6
80.2

86.7
79.9

86.5
80.5

86.6
80.7

86.0
80.3

86.6
80.6

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

82.4
83.5
81.1
78.8

81.9
85.5
80.6
80.5

81.5
84.2
81.6
79.3

81.9
87.0
81.6
79.3

81.7
83.7
81.3
78.8

81.4
83.7
80.2
79.0

82.0
84.8
80.2
79.4

333-6,9
3331
3334

3.22
1.75
.08
1.46
.08
.10

80.9
. 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

89.8
88.4
90.6
91.5
82.1
84.9

91.8
88.7
91.4
95.7
86.3
85.6

93.5
92.6
90.5
94.7
95.3
85.8

90.5
86.8
88.1
95.1
89.8
85.6

90.7
87.1
91.1
95.2
92.9
85.5

89.4
85.3
90.3
94.6
91.7
85.5

91.2
88.3
93.5
95.0

34

5.18

78.2

87.8

83.9

63.7

82.0

72.2

85.0

84.5

84.3

84.0

84.2

83.4

84.2

35
357
36

8.92
2.37
8.77

81.5
81.581.1

96.0
90.9
89.2

93.2
92.6
89.4

64.0
65.5
71.6

85.4
86.9
84.0

72.4
66.9
75.1

90.7
92.2
86.5

89.6
92.9
81.3

89.1
91.8
80.5

89.2
90.7
80.2

88:9
89.3
80.0

88.8
88.2
78.4

88.9
87.2
78.9

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

70.9
73.4
78.0
67.7
79.3
78.3

72.5
71.9
79.1
73.3
79.3
78.1

71.1
68.5
72.8
74.6
79.6
78.0

73.8
72.7
77.8
75.4
79.3
78.7

73.9
72.0
77.8
76.4
79.9
80.3

74.8
73.3
79.6
77.0
79.4
80.2

75.5
73.7
80.1
77.9
79.8
80.7

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
89.9
79.6

82.0
81.3
80.8
76.2
85.8
88.4
81.2

82.4
80.8
82.2
75.0
88.4
91.2
81.4

82.7
81.3
82.4
74.7
87.4
91.5
82.0

82.9
81.7
82.7
74.2
89.3
92.7
82.2

83.5
82.3
81.2
74.1
90.5
94.0
82.2

82.9
82.1
81.0
73.1
89.4
92.8
81.6

83.1
82.4
80.8
72.7
89.5
82.1

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

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

78.3
91.9
83.1
93.5
90.3
72.6

78.6
95.4
89.2
94.0
92.7
71.1

79.5
94.0
95.4
95.3
91.5
70.3

79.6
92.4
90.4
94.4
91.6
69.4

80.7
94.1
93.8
94.3
92.0
72.0

80.3

80.1

97.5
93.7
90.6
70.4

94.3
91.7
70.2

10
12
13
138
14

5.29
.42
.85
3.50
.65
.52

87.5
78.5
86.9
88.5
72.8
85.4

94.3
89.6
91.0
96.9
93.0
95.0

96.0
87.9
99.4
97.3
104.3
92.7

80.3
44.4
76.6
82.3
50.9
63.3

86.8
89.4
91.5
86.6
60.6
89.1

86.1
79.9
83.4
87.5
53.7
79.4

88.5
82.3
82.3
89.9
74.9
94.1

91.0
88.7
85.8
92.0
79.7
94.1

91.0
88.9
86.8
91.6
81.8
95.1

91.1
86.3
87.8
91.8
82.5
95.1

92.4
89.3
88.3
92.9
84.8
97.4

91.7
89.1
83.7
93.5
89.9
95.1

92.9
90.8
86.1
94.2
96.8
96.8

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

91.5
93.1
85.5

88.6
89.6
84.9

89.0
90.2
84.5

91.0
90.6
91.7

89.3
90.3
85.5

90.4
91.2
87.0

87.1
88.4
82.0

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

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

24
25
32

33
331,2

|

86.0

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

Item

SIC

Percent change
Ar nualrate
I
December to December
i
1$67- 1&67- T575H
1997 1975 1997
1996
Ave.
Ave.
Ave. 1993 1994 1995 1996 1997P
Feb.

Capacity indexes
Percent of 1992 output
1996
Sept.

Oct.

Nov.

Dec.

1997
Jan.
141.3

141.8

Feb.

Total industry

2.8

3.8

2.4

1.8

2.9

3.4

3.7

3.7

136.7

139.6

140.0

140.5

140.9

Manufacturing

3.1

4.0

2.8

2.0

3.2

3.8

4.1

4.1

139.6

142.9

143.4

143.9

144.4

144.9

145.3

Primary processing
Advanced processing

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

129.1
144.7

130.9
148.8

131.2
149.4

131.5
150.0

131.7
150.7

131.9
151.3

132.2
151.9

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

149.9
127.3
133.1
138.6

155.3
129.4
135.0
140.5

156.0
129.7
135.2
140.7

156.8
130.0
135.5
141.0

157.7
130.4
135.8
141.3

158.5
130.7
136.0
141.5

159.2
131.0
136.3
141.8

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

1.7
.7
.3
3.8
1.8
5.2

-3
-.8
-1.3

-.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

127.6
128.8
122.6
125.9
130.5
103.7

130.2
132.4
123.2
127.3
128.0
103.7

130.6
133.0
123.3
127.5
127.7
103.7

131.0
133.5
123.4
127.8
127.3
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

138.8

141.1

141.4

141.8

142.1

142.4

142.8
186.5
392.7
216.3

Primary metals
iron and steel
Raw steel
Nonferrous
Primary copper
Primary aluminum

33
331,2
333-6,9
3331
3334

•5

-.4
-.4

34

1.6

3.1

1.1

1.6

1.4

2.8

2.9

2.7

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

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

20
22
23
26
261-3
27

2.7
2.4
2.2
1.2
2.7
2.4
2.5

4.3
3.0
4.4
2.3
3.9
2.9
3.0

2.0
2.1
1.3
.7
2.2
2.2
2.3

1.3
1.8
2.5
.5
2.3
1.8
-.9

1.9
2.0
3.7
.4
1.4
1.9
.0

1.6
2.1
4.1
3.2
2.0
3.0
-.2

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
4.1
1.4
.3
3.8
-3.8

2.1
-1.6
.8
-.5
3.2
-2.1

3.0
7.5
1.2
2.1
4.4
-1.7

10
12
13
138
14

•1
1.3
2.3
-.6
•2
1.1

-.1
.5
2.4
-1.0
.8
2.6

.1
1.6
2.3
-.4
-.1
.5

I "-5
1.6
1.6
-1.6
-6.7
1.7

491,3pt
492,3pt

2.8
3.9
.3

6.1
7.8
2.3

1.5
2.3
-.5

.8
1.3
.2

Fabricated metal products
Industrial machinery
and equipment
Computer and office equip
Electrical machinery
Transportation equipment
Motor vehicles and parts
Autos and light trucks1
Aerospace and misc.
Instruments
Miscellaneous
Nondurable
Foods
Textile mill products
Apparel products
Paper and products
Pulp and paper
Printing and publishing

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

166.9 177.9
285.9 343.5
186.0 203.2

179.6
352.6
205.8

181.3
362.0
208.5

183.0 184.7
371.6 381.8
211.2 213.8

.7
1.3
2.2
-.1
.5
1.7

147.1
173.6
159.9
121.0
129.9
143.5

148.0
176.5
161.1
120.0
129.9
144.7

148.2
176.9
161.3
119.9
129.9
144.9

148.3
177.3
161.5
119.8
129.9
145.0

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

1.7
1.9
2.3
1.1
1.5
2.2
-.6

1.5
1.8
.5
.0
1.0
1.6
-.7

128.5 129.8
130.0 131.4
128.7 130.4
130.1 130.9
121.9 123.0
117.7 119.2
122.1 121.6

130.0
131.6
130.6
131.0
123.2
119.4
121.6

130.1
131.8
130.8
131.1
123.3
119.6
121.5

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

2.0
5.4
-.2
-.5
2.0
-1.9

3.6
7.1
1.3
.4
1.6
-1.4

3.2
5.8
1.4
.0
2.3
-2.8

136.7
127.3
120.8
113.4
131.4
112.5

139.6
132.5
121.8
113.7
132.6
111.6

140.0
133.3
121.9
113.8
132.8
111,3

140.3
134.0
122.0
113.8
133.0
111.4

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

.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

113.9
118.0
122.9
109.9
151.2
124.7

113.7
118.7
123.7
109.2
147.4
126.0

113.7
118.8
123.8
109.2
146,8
126,2

113.7
118.8
124.0
109.1
146.3
126.4

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

1.2
1.0
.4

1.9
2.4
.5

2.1
2.6
.8

1.5
1.7
.5

123.9
122.1
131.1

125.4
123.9
131.7

125.6
124.1
131.8

125.9
124.4
131.9

126.1
124.7
132.0

126.3
124.9
132.0

126.5
125.1
132.1

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




9

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

-2.0
3.2
3.4
5.0

1995
1996
1997

.3
-.4
-.1

-.2
1.3
.5

.1
-.5

-.3
.9

.1
.4

.2
.6

.0
.0

.8
.3

.4
.1

-.4
.2

.2
.8

.1
.4

3.9
1.6

-.7
6.2

3.2
3.3

.8
4.5

3.3
2.8

Industrial
Production
1985
1986
1987
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
117.6

111.6
113.8
118.1

111.7
113.2

111.4
114.3

111.5
114.8

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

111.6
114.8

112.4
115.8

112.7
117.1

112.1
115.2

Capacity
1985
1986
1987
1988
1989

108.7
112.2
113.9
115.3
I 116.8

109.0
112.3
114.0
115.5
117.0

109.2
112.5
114.1
115.6
117.2

109.5
112.7
114.3
115.7
117.4

109.8
112.8
114.4
115.8
117.6

110.1
113.0
114.5
115.9
117.8

110.4
113.1
114.6
116.0
118.0

110.7
113.3
114.7
116.2
118.2

111.0
113.4
114.8
116.3
118.4

111.3
113.5
115.0
116.4
118.6

111.6
113.7
115.1
116.5
118.8

111.9
113.8
115.2
116.7
119.0

109.0
112.3
114.0
115.5
117.0

109.8
112.8
114.4
115.8
117.6

110.7
113.3
114.7
116.2
118.2

111.6
113.7
115.1
116.5
118.8

110.3
113.0
114.6
116.0
117.9

1990
1991
1992
1993
1994

119.2
121.4
123.3
125.7
! 128.0

119.3
121.5
123.6
125.8
128.3

119.5
121.7
123.8
126.0
128.6

119.7
121.9
124.0
126.2
128.9

119.9
122.0
124.2
126.4
129.2

120.0
122.2
124.4
126.6
129.5

120.2
122.4
124.6
126.7
129.8

120.4
122.5
124.7
126.9
130.1

120.6
122.7
124.9
127.1
130.5

120.8
122.8
125.1
127.3
130.8

121.0
123.0
125.3
127.5
131.1

121.2
123.2
125.5
127.7
131.4

119.3
121.5
123.6
125.8
128.3

119.9
122.0
124.2
126.4
129.2

120.4
122.5
124.7
126.9
130.1

121.0
123.0
125.3
127.5
131.1

120.1
122.3
124.4
126.7
129.7

1995
1996
1997

131.8
136.3
141.3

132.1
136.7
141.8

132.5
137.1

132.8
137.5

133.2
137.9

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

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
83.2

84.5
83.2
83.3

84.3
82.6

83.9
83.1

83.7
83.2

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

83.7
83.3

83.7
83.2

83.2
83.3

83.8
83.1

Utilization
1985
1986
1987
1988
1989




10

_j

CM

Jan.

Year

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

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.

Oct.

Nov.

Dec.

Q1

Q2

Q3

Q4

Annual

Industrial
Production,
Percent
Change1
1985
1986
1987
1988
1989

.1
1.5
-.8
-.2
.9

.6
-.5
1.6
.4
-1.2

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

.2
1.4
.5
1.0
.1

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

-.3
-.3
1.0
.0
.0

-.4
.3
.7
.7
-1.1

.9
.6
-.2
.3
.4

.4
.0
.1
.2
-.3

-.8
.8
1.3
.2
-.6

1.1
.4
.5
1.0
.4

-.1
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

1.6
6.7
7.6
5.2
-1.4

2.3
2.8
5.3
4.7
1.9

1990
1991
1992
1993
1994

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

.9
-.7
.8
.3
.6

.3
-1.1
.9
.1
.9

-.8
.3
.6
.5
.7

.4
.7
.4
-.5
.7

-.1
1.4
-.1
.0
.2

.0
.2
.7
.3
.8

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

.0
1.1
.4
1.1
.2

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

-1.3
-.2
.6
.5
.7

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

2.9
-9.7
2.3
4.5
6.3

-.1
1.2
7.3
1.4
8.1

.8 " -6.3
1.7
7.8
2.8
5.1
6.2
1.2
6.7
5.0

-.5
-2.4
4.0
3.7
5.5

1995
1996
1997

.4
-.4
-.2

-.4
1.3
.8

.1
-.8

-.3
1.1

-.1
.4

.2
.7

-.1
.5

.7
.1

.7
.2

-.4
.2

-.1
.8

.1
.6

4.2
1.1

-1.4
6.3

2.6
5.0

1.0
4.3

3.5
2.7

Industrial
Production
1985
1986
1987
1988
1989

84.4
87.9
89.6
95.4
100.3

84.9
87.4
91.0
95.8
99.1

85.4
86.6
91.2
95.7
99.9

85.6
87.8
91.6
96.7
100.0

86.0
87.7
91.9
96.6
99.4

85.7
87.5
92.8
96.6
99.4

85.4
87.7
93.4
97.2
98.3

86.1
88.2
93.3
97.5
98.7

86.4
88.2
93.4
97.7
98.4

85.7
88.9
94.6
97.9
97.9

86.7
89.3
95.0
98.9
98.2

86.6
90.3
95.6
99.4
98.3

84.9
87.3
90.6
95.7
99.8

85.8
87.7
92.1
96.6
99.6

86.0
88.0
93.4
97.5
98.5

86.3
89.5
95.1
98.7
98.1

85.7
88.1
92.8
97.1
99.0

1990
1991
1992
1993
1994

98.1
95.8
97.2
102.6
106.0

99.0
95.1
98.0
102.9
106.6

99.3
94.1
98.9
103.0
107.5

98.6
94.4
99.5
103.6
108.2

99.0
95.0
100.0
103.0
109.0

98.9
96.3
99.9
103.0
109.2

98.8
96.6
100.5
103.4
110.0

99.1
96.8
100.2
103.0
110.1

99.1
97.8
100.6
104.2
110.3

98.5
97.8
101.4
104.4
111.1

97.2
97.6
102.0
105.0
111.9

96.6
98.8
97.1
95.0
101.81 98.0
105.9 102.9
112.9 106.7

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

1995
1996
1997

113.3
113.4
118.9

112.9
114.8
119.8

113.1
113.9

112.7
115.2

112.6
115.7

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

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

135.2
140.5

135.6
141.0

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 I 134.4
144.4 139.6

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
79.1
79.9
78.5
83.1 | 79.9
85.1
83.0
82.2
85.1

79.2
78.5
80.9
83.5
84.4

78.6
78.4
81.6
83.9
82.9

78.2
79.3
82.8
84.7
82.1

78.8
78.7
81.3
83.8
83.6

1990
1991
1992
1993
1994

81.8
78.2
78.1
80.7
81.6

82.4
77.6
78.6
80.8
81.9

82.6
76.6
79.1
80.7
82.4

81.8
76.8
79.5
81.0
82.7

82.0
77.2
79.7
80.5
83.1

81.8
78.1
79.5
80.4
83.0

81.6
78.2
79.9
80.5
83.4

81.7
78.3
79.5
80.1
83.3

81.5
79.0
79.7
80.9
83.2

80.9
78.9
80.1
80.9
83.6

79.7
78.6
80.4
81.2
84.0

79.1
78.1
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
81.3
84.0

81.4
78.0
79.5
80.8
83.1

1995
1996
1997

84.6
81.5
82.1

84.0
82.2
82.5

83.9
81.3

83.4
82.0

83.0
82.0

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

83.1
82.1

82.9
82.3

82.3
82.3

83.1
82.1

Year

Utilization
1985
1986
1987
1988
1989

|

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



11

Table 6
INDUSTRIAL PRODUCTION: INDUSTRY SUBTOTALS AND INDIVIDUAL SERIES
Index. 1992 = 100
SIC

Item

1996
IP
Proportion

Seasonallvadiusted
1996
Aug.

Sept.

Oct.

Nov/

Not seasonally adjusted

Dec/

1997
Jan/

1996
Aug.

Sept.

Oct.

Nov/

Dec/

1997
Jan/

10
101
102-4,8,9 |
102

.42
.06
.36
.12

104.0
118.8
101.9
105.5

105.3
117.5
103.5
110.0

105.6
114.3
1044
105.6

102.5
117.6
100.4
110.9

106.2
111.8
105.5
115.1

105.9
108.0
105.8
104.7

105.1
124.4
102.4
108.1

107.5
124.2
105.2
111.8

104.1
112.7
103.0
107.4

102.3
120.0
99.8
106.8

105.7
112.7
104.9
112.2

101.2
100.4
101.6
103.4

12 '

.87

109.6

106.2

107.5

108.8

109.6

104.0

111.4

109.3

110.9

108.7

106.2

103.2

101.1
97.1
88.8
108.4
110.9
122.6

100.5
97.2
90.3
106.7
111.2
117.5

100.0
96.0
88.9
105.8
112.9
120.2

100.2
96.1
88.2
107.0
112.7
120.7

101.3
96.9
88.2
109.0
114.3
123.6

102.0 ! 100.2 100.6
96.5
95.2
95.7
88.1
87.7
89.4
105.7 104.5
114.1 111.1 112.2
130.8 126.0 126.2

100.8
95.1
89.2
103.1
114.0
130.4

103.1
97.5
88.8
109.4
114.1
132.7

104.1
98.7
89.0
112.1
111.7
133.7

102.7
97.8
88.7

132
138

3.71
2.84
1.52
1.32
.22
.64

111.6
129.5

14

.60

121.7

118.5

120.0

120.2

123.4

120.7

142.4

138.4

141.7

121.5

100.9

85.9

20
201

202
2021
2022
2023
2024
2026

9.38
1.26
.48
.27
.49
.02
.81
.01
.19
.14
.12
.34

105.5
111.8
110.1
99.4
123.1
101.5
95.8
77.5
108.2
76.0
95.4
100.2

106.2
108.2
100.6
102.1
121.5
100.9
97.5
84.6
106.4
80.9
99.9
100.8

107.1
109.6
105.4
99.5
121.8
101.2
98.2
80.0
107.9
84.2
96.1
101.6

107.6
109.3
107.8
94.8
121.6
99.8
99.3
86.3
106.7
93.3
92.0
101.8

108.6
109.0
108.1
95.4
120.5
95.8
100.7
81.6
110.0
90.7
99.5
102.1

108.5
112.9
113.6
98.3
123.6
89.5
98.7
77.2
110.0
82.3
102.2
100.5

112.6
114.2
115.8
95.4
125.7
96.4
93.4
57.7
102.6
64.9
111.7
97.5

114.6
111.0
105.5
102.6
122.9
99.1
92.5
68.0
106.8
63.9
99.5
97.7

112.2
115.3
109.3
106.7
128.1
101.1
91.4
73.7
107.5
69.6
83.8
97.6

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

105.4
106.0
101.9
99.8
114.7
98.3
96.0
89.2
111.0
93.4
71.2
99.2

103.5
111.3
111.5
97.9
120.9
90.4
94.4
96.6
105.9
85.0
77.8
99.6

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

1.30
1.30
1.04
.64
.24
1.74
.55
.98
1.05
.17

100.6
104.8
104.0
108.0
95.0
110.6
104.8
114.3
108.4
97.3

103.7
105.6
105.1
109.2
92.4
111.3
104.1
116.2
109.9
96.0

105.2
107.1
105.9
109.4
96.1
112.4
103.7
118.8
107.8
101.0

106.9
107.3
103.9
111.2
97.0
112.8
105.5
117.9
110.0
110.8

107.5
108.7
104.8
115.9
100.3
113.9

105.5
108.8
105.5
116.2
101.0
111.8

118.3
110.3
109.2
129.6
100.9
115.1
98.1
122.9
111.5
107.2

107.5
110.2
101.1
133.0
104.1
108.0
92.9
112.4
109.6
115.8

94.9
106.6
98.4
119.5
103.0
102.6

115.0
110.2

127.8
110.4
117.8
117.1
90.4
119.1
97.8
133.9
119.3
91.2

100.2
110.2
98.9
132.9
104.0
101.8

117.7
109.2
97.2

118.4
107.4
115.6
105.9
89.7
121.5
111.9
130.6
117.9
97.7

108.0
109.3
119.1

104.4
106.3

21

1.16

104.1

104.9

104.0

105.4

107.9

104.7

114.8

108.1

115.5

103.6

88.7

101.9

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

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

107.7
105.8
108.6
109.8
108.3
109.5
103.5
107.6
110.6
104.1

107.2
107.2
110.2
110.1
107.0
107.8
100.5
108.5
109.7
102.4

107.6
107.7
110.6
110.9
109.4
111.2
102.3
99.3
111.7
105.7

108.2
106.1
108.4
109.9
107.1
108.8
101.8
109.1
113.7
112.0

106.5
103.0
104.8
107.1
107.4
109.5
90.9
106.2
115.3
111.8

106.2
104.9

110.1
105.3
109.1
112.7
116.5
122.8
99.6
110.5
112.0
104.1

113.4
110.4
115.3
111.5
118.4
115.8
105.9
113.8
113.9
108.1

105.7
105.7
108.6
112.0
104.1
103.2
103.1
97.0
112.4
106.7

95.4
96.5
96.9
108.7
95.9
99.1
80.7
83.9
105.1
90.4

100.7
105.6

113.2
109.7
112.8
92.5
95.9
114.2
110.5

111.5
108.5
112.8
111.8
116.0
125.5
107.9
107.5
112.8
107.7

112.2
91.1
92.6
94.3
91.9
112.7
107.7

23

1.80

98.5

98.2

97.8

97.3

97.2

95.9

101.8

101.5

99.1

97.8

96.8

92.9

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

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

111.4
101.8
93.1
118.6
112.7
103.6
167.4

110.7
99.6
91.2
119.1
112.4
97.9
165.6

109.2
95.7
91.6
119.3
113.6
100.4
165.3

113.1
104.8
94.7
119.4
112.8
101.1
159.8

109.2
99.0
93.2
116.8
110.8
92.8
146.2

109.4
100.6
94.1
116.0
108.8
91.5
156.3

115.7
105.8
102.7
123.2
117.2
107.2
182.5

115.4
105.6
100.6
122.8
116.0
101.5
175.6

115.4
104.0
99.6
124.0
116.1
104.6
183.7

111.1
102.0
95.4
118.0
112.9
98.8
156.9

103.4
92.8
90.6
111.4
108.7
84.9
123.2

104.9
96.9
87.4
110.9
103.2
88.8
137.3

Metal mining
Iron ore
Nonferrous ores
Copper
Coal mining
Oil and gas extraction
Crude oil and natural gas
Crude oil, total
Natural gas
Natural gas liquids
Oil and gas well drilling
Stone and earth minerals

Foods
Meat products
Beef
Pork
Poultry
Miscellaneous meats
Dairy products
Butter
Cheese
Concentrated milk
Frozen desserts
Milk and misc. dairy products
Canned and frozen food
Grain mill products
Bakery products
Sugar and confectionery
Fats and oils
Beverages
Beer and ale
Soft drinks
Coffee and miscellaneous
Roasted coffee
Tobacco products

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

13
131

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




12

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

Item

SIC

1996
IP
Proportion1

Aug.

Sept.

Oct.

Nov/

Index. 1992 = 100
I
Not seasonally adjusted
1997 1 1996
Dec/ Jan/
Aug. Sept.
Oct. Nov/ Dec/

Seasonallvadiusted

^ras§

1997
Jan/

25
251

1.30
.60

108.8
112.2

108.8
111.2

110.4
111.5

110.5
111.2

110.4
110.5

109.0
108.4

115.9
117.1

115.1
116.2

111.4
113.5

108.3
109.2

108.6
109.9

105.3
105.7

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

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

108.1
109.1
103.6
104.3
119.5
107.4
113.0
104.4

108.8
108.6
101.7
104.7
117.6
108.9
119.0
103.3

107.6
109.3
100.2
104.9
119.5
106.5
109.7
104.8

110.1
110.8
104.5
107.5
118.7
109.7
115.3
106.6

111.7
112.6
98.9
110.0
120.7
111.0
114.3
109.3

110.5
111.3
98.3
109.8
117.4
109.9
111.3
109.1

109.2
109.6
103.1
105.2
118.9
109.0
114.7
105.7

108.8
108.3
101.0
104.2
117.5
109.1
119.6
103.2

110.0
109.3
100.8
105.6
118.0
110.4
121.2
104.3

108.9
110.1
102.4
108.1
115.6
108.1
109.6
107.2

106.8
109.1
97.2
107.0
115.7
105.3
102.1
107.0

112.2
112.8
100.1
111.7
117.7
111.7
111.7
111.6

6.44
1.41
1.91
3.12

97.9
85.0
100.3
103.4

99.1
87.3
100.3
104.6

99.7
88.9
101.4
104.4

100.0
86.5
101.8
106.0

99.8
86.1
101.9
105.9

99.1
86.3
99.8
105.6

104.4
81.6
101.4
118.6

105.1
86.4
100.7
118.1

100.7
89.8
98.7
107.9

98.7
88.5
101.3
102.5

97.9
87.8
102.9
100.0

95.0
84.4
99.3
98.0

28

10.16

108.7

109.7

111.3

111.8

113.6

113.3

114.2

115.2

112.1

108.6

107.9

109.4

281,2,6
281
2812
2816
2819

4.06
.80
.06
.09
.51
.35

103.3
87.3
111.0
95.6
80.8
94.0

104.0
88.1
112.7
93.9
82.1
93.9

106.8
90.4
113.1
109.8
82.3
93.7

105.6
87.8
114.9
89.3
81.4
91.0

107.7
89.0
115.7
102.5
81.0
91.1

108.1 103.3
88.6 ! 87.7
114.8 113.5
94.1
94.4
81.8
81.1
91.4
96.0

104.8
90.1
113.1
93.0
84.7
99.4

106.7
92.5
113.5
103.9
86.1
99.4

104.5
89.3
115.3
87.1
83.6
95.4

104.4
86.9
117.3
98.4
79.1
86.9

106.7
86.5
114.2
93.8
79.2
86.5

282
2821
2823,4
286

1.41
.90
.38
1.84

118.9
125.1
106.5
100.9

120.6
126.4
108.6
100.8

123.3
125.3
116.2
103.9

119.9
123.9
110.3
105.0

122.8
126.8
114.6
107.0

123.6

120.9
126.8
109.0
101.3

124.4
126.7
118.2
102.0

118.6
122.2
109.4
102.8

115.7
119.0
108.8
105.7

120.9

119.3
107.5

117.2
122.4
105.7
101.7

116.1
107.3

283-5,9
283
284
285
287

5.50
3.05
1.35
.50
.61

113.1
115.2
103.4
127.1
104.9

114.6
118.9
102.5
126.5
103.7

115.5
120.5
105.3
121.3
104.0

117.3
122.9
105.7
124.6
103.3

118.9
124.7
105.5
126.2
104.1

118.1
123.5
104.7
128.3
103.8

124.0
129.2
112.5
133.1
102.4

124.7
132.6
110.5
131.4
103.1

116.8
121.8
106.3
126.0
105.2

111.8
116.9
101.4
112.5
105.6

110.8
117.2
99.9
97.8
104.0

111.7
114.9
101.8
112.9
104.6

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

107.8 106.9
106.2 105.4
104.5 104.2
111.2 111.1
83.0
80.3
109.2 118.4
i 106.2 103.2
120.1 118.1

108.4
106.8
105.5
120.3
81.3
111.4
103.4
120.5

107.4
105.8
104.0
117.2
75.2
108.6
104.2
119.3

107.3
105.7
108.3
115.0
78.7
108.7
102.5
120.1

106.7 112.3 111.9
104.5 109.4 109.3
106.0 119.7 116.0
110.8 110.9 114.5
83.9
82.0
79.9
101.7 108.6 119.0
103.4 i 106.8 105.0
124.3 135.9 133.3

109.7
106.7
106.2
122.0
77.6
109.9
103.0
134.1

109.6
107.1
96.2
123.3
79.8
110.9
107.5
129.4

107.7
106.3
93.1
119.7
84.4
116.0
107.1
116.8

99.1
98.7
85.1
107.4
84.5
107.5
100.9
100.3

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

3.78
.35
.62
2.81

122.0
116.7
113.6
124.7

122.8
123.9
114.7
124.7

121.4
118.0
115.5
123.4

121.7
120.8
114.9
123.6

122.5
115.4
115.0
125.2

120.9
116.2
113.7
123.3

122.7
117.9
119.1
124.3

124.1
123.1
119.7
125.4

122.7
126.6
116.0
124.0

121.7
114.8
112.4
124.9

121.6
97.5
110.7
127.5

119.6
120.2
106.5
122.7

31
314

.20
.09

79.5
80.0

79.4
80.3

78.4
80.7

77.3
79.5

80.1
81.2

78.2
79.6

80.9
82.0

81.1
81.7

80.0
82.5

79.0
81.0

80.3
81.3

76.4
78.5

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

2.12
.30
.13
.17
.10
1.26

111.8
95.2
78.4
111.8
120.6
114.1

113.1
95.9
77.8
108.2
120.6
116.5

111.7
93.0
73.3
110.9
122.1
114.7

111.8
94.9
77.8
109.9
121.1
114.5

111.4
93.5
73.4
105.4
121.0
114.8

111.8
97.1
78.4

116.4
98.5
81.1
136.8
127.4
116.4

116.5
95.5
74.9
128.9
125.0
118.6

115.7
95.8
76.6
135.4
125.9
116.8

112.0
92.8
73.4
108.4
119.4
115.9

106.9
83.3
56.0
80.6
110.5
114.9

105.2
92.1
72.2

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

Printing and publishing
27
Newspapers
271
Periodicals, books, and cards 272,3,7
Job printing
274-6,8,9 1
Chemicals and products
Industrial chemicals and
synthetic materials
Basic chemicals
Alkalies and chlorine
Inorganic pigments
Inorganic chemicals, nee
Acids and other
Synthetic materials
Plastics materials
Synthetic fibers
Industrial organic chemicals
Chemical products
Drugs and medicines
Soap and toiletries
Paints
Agricultural chemicals

Leather and products
Shoes

121.0
114.8

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




13

109.0
112.9

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

Item
Primary metals
Iron and steel
Basic steel and mill products
Basic iron and steel
Pig iron
Raw steel

1996
Aug.

Sept.

Oct.

Nov/

Index. 1992 = 100
I
Not seasonally adjusted
1997 1996
r
r
Dec.
Jan.
Aug. Sept.
Oct. Nov/ Dec/

3.52
1.88
1.46
.30
.17
.09

118.3
118.2
120.8
106.1
104.3
113.6

119.5
117.4
119.5
106.2
104.9
112.6

122.1
123.2
126.1
104.4
102.2
111.5

118.5
115.9
115.6
101.6
99.1
108.7

119.2
116.8
117.5
104.1
101.5
112.5

117.8
114.7
117.6
103.4
100.6
111.7

115.7
114.8
117.7
104.0
102.5
109.6

121.0
119.3
121.1
105.4
103.8
111.8

121.7
122.2
124.3
103.9
101.3
111.1

118.1
115.6
114.6
102.8
101.5
108.2

115.8
113.2
113.5
104.2
103.1
109.7

117.2
112.3
115.7
104.5
102.4
112.1

125.1
140.4
137.6
137.9
118.1
117.6
109.5

123.4
140.0
131.2
135.0
111.6
117.0
110.4

132.5
146.0
142.2
147.4
125.2
125.6
113.6

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
114.1

121.8
131.6
115.7
134.5
118.6
118.9
105.0

121.7
135.5
129.8
138.7
117.8
113.9
105.1

125.7
142.6
131.4
139.8
111.9
118.8
113.0

130.3
146.0
135.8
149.9
110.9
123.2
115.1

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
111.9

119.0
129.1
119.1
126.7
98.9
116.5
101.0

1996
IP
Proportion1
SIC
33
331,2
331

Seasonallvadiusted

1997
Jan/

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

332

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

Nonferrous metals
Primary nonferrous metals
Copper
Aluminum

333-6,9
333
3331
3334

1.64
.24
.08
.10

118.5
96.4
99.6
89.0

121.8
100.6
110.4
88.8

120.7
103.1
121.6
89.1

121.4
103.5
114.3
88.8

121.8
102.3
117.9
88.7

121.4
102.2
116.3
88.7

116.8
94.3
100.0
88.3

122.9
100.5
111.2
88.3

121.1
103.8
121.7
88.8

121.0
103.8
116.3
89.0

118.8
101.8
115.1
89.2

122.8
103.5
116.2
89.2

Nonferrous products
Nonferrous mill products
Aluminum
Nonferrous foundries

335,6
335
3353-5
336

1.12
.84
.29
.28

121.1
117.1
104.5
134.4

123.6
120.4
111.1
134.2

121.7
117.6
97.9
135.1

122.5
118.8
102.7
134.7

123.3
119.2
107.3
136.9

122.6
118.7
105.3
135.4

119.9
116.4
103.2
131.5

124.8
121.6
111.4
135.1

121.8
117.7
97.9
135.4

121.2
116.8
94.0
136.1

119.4
113.0
93.2
140.7

125.3
121.8
111.8
136.8

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

5.28
.16
.54
.47
1.47
2.91
1.67

119.4
92.1
118.0
118.8
123.9
120.1
127.7

119.3
81.2
117.6
118.4
124.4
120.3
127.8

119.3
94.9
118.6
119.1
124.5
119.4
126.9

119.1
93.9
117.3
118.1
125.5
118.7
126.2

119.6
98.2
118.8
118.4
125.9
119.1
127.1

118.8
94.9
118.2
118.1
124.7
118.8
126.8

122.4
110.3
123.6
125.2
126.3
121.0
130.2

123.5
84.9
123.8
125.2
127.4
123.1
132.7

121.3
89.0
119.5
119.7
127.3
120.2
128.5

119.6
83.9
115.9
115.8
128.0
118.7
125.0

119.3
88.1
115.3
113.8
128.7
118.3
123.3

114.8
83.7
110.8
109.9
122.5
115.5
120.1

Industrial machinery
and equipment
35
Engines and turbines
351
Farm
352
Construction and allied
353
Metalworking
354
Special industry machinery
355
General industrial machinery
356
Bearings and gears
3562,6,8
Equipment
3561,3-5,7,9
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
17
2.45
.90
.64
1.20

| 159.6
116.7
122.3
153.0
124.8
I 130.6
115.5
116.4
115.2
310.8
135.6
140.8
138.2

159.4 159.9 161.7 162.6 164.1 162.3 164.8
117.1 118.5 117.9 119.3 122.6 113.3 117.8
118.5 121.8 125.5 131.9 139.5 112.4 118.4
153.2 153.5 153.9 152.7 157.9 142.9 157.2
124.1 124.5 126.8 125.9 125.8 132.9 133.3
130.6 131.3 129.5 130.6 131.7 128.1 130.8
114.5 115.3 114.4 116.1 114.5 120.0 120.5
114.9 113.8 112.8 115.3 114.5 114.5 115.2
114.3 116.0 115.2 116.5 114.5 122.4 122.8
319.0 323.6 328.3 331.9 336.8 331.9 329.6
132.4 123.2 131.7 130.4 128.8 123.6 130.1
136.1 122.2 133.9 132.8 129.9 123.0 132.4
134.7 137.4 137.0 136.5 135.8 147.7 144.2

164.6
112.7
103.4
136.3
136.5
154.9
156.8
119.7
116.6
i 128.8

165.2
113.3
104.2
129.6
132.9
117.7
153.9
123.3
111.3
141.7

1

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

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

365
366
367
3672-9
369
3691

.19
1.65
3.94
3.87
.69
.11

111.6 110.7 131.6 123.7 108.7 98.0 125.8 128.4
120.2 120.8 120.5 118.9 120.1 120.6 119.7 121.2
256.9 259.0 260.8 266.5 273.3 274.3 255.8 260.8
262.6 265.4 266.5 272.5 280.4 282.2 260.6 266.9
128.7 128.7 126.7 128.3 127.9 126.3 128.7 135.7
116.6 117.0 108.8 119.1 109.8
120.5 153.5

3714
3716

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

109.3
132.8
119.9
143.8
144.6
152.3
138.0
136.7
95.3

107.3
127.0
117.5
138.4
139.1
146.6
132.9
127.3
120.6

105.3
121.2
101.6
139.3
141.0
147.4
136.4
125.3
111.5

109.5
128.9
111.7
143.1
144.3
152.4
137.6
133.2
120.2

109.6
127.9
105.1
151.9
153.7
164.9
143.0
131.8
101.2

111.1
130.4
108.9
153.9
156.1
167.0
145.9
133.4
107.7

109.3
134.1
117.5
145.0
146.1
149.4
141.4
141.0
92.5

108.8
130.2
119.2
152.5
153.7
161.4
142.9
125.8
116.0

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

3.62
2.30
.38
.94

86.5
83.9
89.0
90.7

87.9
86.2
88.1
90.6

89.4
89.1
86.7
89.9

90.3
90.7
87.7
88.6

91.4
91.9
86.6
90.3

92.0
92.6
86.9
90.9

85.2
82.5
89.1
89.3

87.8
86.1
88.3
90.5

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

11

.21
.05
.09

37 I
371

!

165.6 167.2
111.8 113.2
104.3 104.6
123.7 126.8
111.5 122.3
116.3 129.0
147.8 142.2
122.5 121.8
107.4 104.9
136.0 134.4

168.9
112.0
104.8
129.9
135.0
127.5
145.7
122.4
101.9
135.6

167.7
109.8
102.3
120.5
125.0
103.4
135.1
120.3
96.2
137.7

165.9
119.8
113.9
134.9
137.8
140.1
159.5
120.8
115.3
126.9

169.2
119.9
113.7
135.4
137.2
128.1
160.6
127.1
118.6
140.5

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



14

161.4 157.4 156.8 158.6
118.9 121.2 124.8 122.9
129.0 123.6 115.3 145.5
160.7 154.0 138.3 158.8
124.5 122.3 119.8 118.2
130.5 131.1 135.4 132.9
115.1 112.7 112.9 109.9
112.8 114.5 119.4 115.9
116.2 111.9 110.1 107.3
325.7 316.1 329.1 317.7
122.7 119.8 117.1 124.0
121.5 116.2 111.6 122.8
137.5 131.8 130.1 127.3
168.0
112.5
106.4
136.0
128.0
128.9
165.9
129.9
117.9
152.0

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
115.6
116.5
92.1
130.0
119.6
105.5
132.2

165.3
105.4
97.0
117.6
122.4
97.5
133.0
117.9
92.2
131.8

151.3 138.3 103.5
120.5 121.6 126.0
261.7 269.9 278.7
266.2 275.4 286.6
130.7 131.0 132.8
124.7 125.6 121.6

91.5
121.4
272.7
280.7
124.8

110.4 108.9
132.7 127.8
115.0 113.2
155.4 143.2
158.0 144.8
164.7 150.5
148.6 136.8
132.8 130.2
123.8 100.8

99.0
103.5
85.1
118.9
119.1
125.4
110.2
108.6
79.6

109.3
126.1
102.9
145.9
148.1
154.1
139.7
132.3
101.4

93.3
94.1
89.0
91.1

92.5
93.4
86.5
90.9

88.6
87.8
86.3
89.8

90.2
90.3
87.3
89.5

Table 6 (continued)
INDUSTRIAL PRODUCTION: INDUSTRY SUBTOTALS AND INDIVIDUAL SERIES
Index. 1 ^ 2 = 1 6 6
1996
IP
SIC Proportion1

Item
Instruments
Scientific and medical
Medical instruments

Seasonallvadiusted

1996
Aua.

SeDt.

Oct.

Nov.r

Not seasonally adjusted

Dec/

1997
J?n.r

1996
Aua.

SeDt.

Oct.

Nov/

Dec/

199?
Jan/

38
381-4
384

4.72
3.77
1.45

103.0
100.4
106.8

103.0
100.0
107.0

103.4
100.7
108.8

103.0
99.9
106.8

103.8
100.5
106.3

103.1
100.1
107.5

105.1
103.2
117.0

106.1
103.8
117.6

103.8
101.0
110.3

102.8
99.4
103.7

103.7
100.4
100.7

100.9
97.3
99.6

Misc. manufactures
Consumer goods
Business supplies

39
391,3,4,6
395,9

1.29
.62
.67

112.9
107.6
118.3

113.0
107.3
118.6

113.0
106.4
119.6

114.1
107.3
121.0

116.6
110.7
122.6

116.6
109.1
124.0

113.5
107.3
119.8

116.0
110.2
122.0

116.9
110.9
122.9

118.1
112.9
123.4

117.5
111.9
123.1

112.5
105.8
119.3

Electric utilities
Generation
Fossil fuel
Hydro and nuclear

491,3pt

6.26
2.42
.91
1.51

111.5
111.2
106.3
115.2

110.9
110.6
108.0
113.2

112.0
111.9
109.5
114.4

112.7
111.1
111.5
111.6

112.6
111.3
106.9
115.0

113.9
112.7

125.1
120.5
124.1
118.8

113.5
108.0
110.4
107.1

103.5
100.1
102.9
98.8

104.4
104.9
105.1
105.4

112.9
112.6
104.8
118.3

121.3
118.7

3.84
1.64
2.21
1.32
.89

111.8
113.2
110.9
115.8
104.2

111.2
111.5
111.1
114.4
106.7

112.2
112.5
112.0
115.7
107.1

113.8
116.0
112.3
117.3
105.5

113.5
115.6
112.1
116.9
105.8

114.8

128.0
135.2
122.9
131.8
110.8

117.1
117.2
117.1
122.6
109.4

105.6
96.5
112.2
114.6
108.9

104.1
100.2
107.0
109.2
103.9

113.3
120.0
108.5
112.4
103.0

123.1

1.81
.80
.35
.48

108.5
101.5
111.4
112.0

111.8
107.7
113.6
112.3

111.3
108.2
113.4
110.0

120.9
121.2
124.2
116.3

112.8

114.8

60.8
30.4
56.5
89.9

61.0
35.6
58.2
85.1

78.6
61.9
78.1
93.5

124.3
127.4
131.1
117.9

165.8 204.2

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

492,3pt

112.8

110.7

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 usted
1995
1992
Item
1996
Q3
Products, total

1996
Q1

Q4

Q2

Q4r

Q3

1996
Sept.

Oct.

1728.6 1725.1

Consumer goods
Durable
Automotive products
Other durable goods
Nondurable

1049.6
238.3
123.8
114.4
811.3

1166.1
302.7
157.6
145.1
864.0

1151.8
293.2
153.2
140.0
859.0

1152.7
297.5
155.8
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

1176.6
303.2
157.1
146.2
873.5

1163.0
305.?
160.?
145.0
858.6

1164.7
296.9

Equipment, total
Business and defense
Business
Defense and space

502.5
483.9
399.2
84.7

599.2
573.9
509.0
64.9

576.3
553.2
484.9
68.3

571.8
548.6
483.0
65.6

580.2
555.9
491.5
64.4

597.7
571.3
505.9
65.4

608.6
583.0
517.7
65.4

610.6
585.6
521.2
64.4

607.8
582.7
517.4
65.3

606.3
580,1
§16.0
649

449.9 496.4 485.2
177.2 | 206.0 j 195.7
272.7 290.2 289.3
70.4
80.2
77.6

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

504.5 502.1
209.5 I 211.2
294.8 290.6
81.5
80.3

499.3
207.3
291.8
80.4

1&7
Jan/

Feb.P

1733.5 1765.9 1776.0 1788.0 1771.6 1771.8 1795.1 1797.2 1801.7 1812.5

151,8
1480

cvi io o> irico

Intermediateproducts
Construction supplies
Business supplies
Commercial energy products

Dec.r

2001.9 2262.0 2213.3 2212.2 2221.1 2259.7 2274.1 2292.1 2273.4 2270.7 £303.5 2302.2 2305.4 2318.7
1552.1 1766.1

Final products

Nov.r

1183.1
307.3
159.7
147.6
876.2

1180.3
305.8
163.3
142.5
874.8

1183.1
310.2
164.3
146.0
873.6

§12,1
587.0
§23,0
64.2

613.3
588.9
524.7
64.3

620.7
594.5
531.1
63.6

628.6
601.0
537.4
63.8

soa,a

505.5
207.8
297,4
81.9

504.4
208.1
296.0
80.9

506.9
211.1
295.6
79.5

2134
29&1
aa.2

Table 8
DIFFUSION INDEXES OF INDUSTRIAL PRODUCTION
Percent
Jan.

Year
One Month Earlier
1995

1996

1997
Three Months Earlier

1995
1996

1997
Six Months Earlier
1995
1996
1997

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.

Oct.

Nov.

Dec.

55.3
34.5
41.9

47.7
65.5

50.0
54.2

43.2
52.7

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
58.7

64.0
41.3
56.4

58.7
50.0

49.6
53.8

43.6
68.9

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
56.8

62.1
47.3
58.0

62.9
49.6

64.4
49.6

54.9
54.2

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
57.6

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

1996
IP
1
SIC ProDortion

Item

Index. 1992 = 100
Seasonallvadiusted
1996
Aua.

SeDt.

Oct.

Not seasonally adjusted

Dec/

Nov/

1997
Jan/

1996
Aua.

Seat.

Oct.

Nov/

Dec/

1997
Jan/

38
381-4
384

4.72
3.77
1.45

103.0
100.4
106.8

103.0
100.0
107.0

103.4
100.7
108.8

103.0
99.9
106.8

103.8
100.5
106.3

103.1
100.1
107.5

105.1
103.2
117.0

106.1
103.8
117.6

103.8
101.0
110.3

102.8
99.4
103.7

103.7
100.4
100.7

100.9
97.3
99.6

Misc. manufactures
Consumer goods
Business supplies

39
391,3,4,6
395,9

1.29
.62
.67

112.9
107.6
118.3

113.0
107.3
118.6

113.0
106.4
119.6

114.1
107.3
121.0

116.6
110.7
122.6

116.6
109.1
124.0

113.5
107.3
119.8

116.0
110.2
122.0

116.9
110.9
122.9

118.1
112.9
123.4

117.5
111.9
123.1

112.5
105.8
119.3

Electric utilities
Generation
Fossil fuel
Hydro and nuclear

491,3pt

6.26
2.42
.91
1.51

111.5
111.2
106.3
115.2

110.9
110.6
108.0
113.2

112.0
111.9
109.5
114.4

112.7
111.1
111.5
111.6

112.6
111.3
106.9
115.0

113.9
112.7

125.1
120.5
124.1
118.8

113.5
108.0
110.4
107.1

103.5
100.1
102.9
98.8

104.4
104.9
105.1
105.4

112.9
112.6
104.8
118.3

121.3
118.7

3.84
1.64
2.21
1.32
.89

111.8
113.2
110.9
115.8
104.2

111.2
111.5
111.1
114.4
106.7

112.2
112.5
112.0
115.7
107.1

113.8
116.0
112.3
117.3
105.5

113.5
115.6
112.1
116.9
105.8

114.8

128.0
135.2
122.9
131.8
110.8

117.1
117.2
117.1
122.6
109.4

105.6
96.5
112.2
114.6
108.9

104.1
100.2
107.0
109.2
103.9

113.3
120.0
108.5
112.4
103.0

123.1

108.5 111.8
I 101.5 107.7
111.4 113.6
112.0 112.3

111.3
108.2
113.4
110.0

120.9
121.2
124.2
116.3

112.8

114.8

60.8
30.4
56.5
89.9

61.0
35.6
58.2
85.1

78.6
61.9
78.1
93.5

124.3
127.4
131.1
117.9

165.8 204.2

Instruments
Scientific and medical
Medical instruments

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

492,3pt
|

1.81
.80
.35
.48

112.8

110.7

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 usted
1995
1992
Q3
Item
1996
Products, total
Final products

1996
Q1

1996
Sept.

my FebP
Jan/
2001.9 2262.0 2213.3 2212.2 2221.1 2259.7 2274.1 2292.1 2273.4 2270.7 2303.5 2302.2 2305.4 2318.7
Q4

Q4r

Q3

Q2

Oct.

Nov/

Dec/

1552.1 1766.1 1728.6 1725.1 1733.5 1765.9 1776.0 1788.0 1771.6 1771.8 1795.1 1797.2 1801.7 1812.5

Consumer goods
Durable
Automotive products
Other durable goods
Nondurable

1049.6
238.3
123.8
114.4
811.3

1166.1
302.7
157.6
145.1
864.0

1151.8
293.2
153.2
140.0
859.0

1152.7
297.5
155.8
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

1176.6
303.2
157.1
146.2
873.5

1163.0
305.2
160.2
145.0
858.6

1164.7
296.9
151.9
145.0
867.5

1182.2
305.4
159.6
145.9
876.9

1183.1
307.3
159.7
147.6
876.2

Equipment, total
Business and defense
Business
Defense and space

502.5
483.9
399.2
84.7

599.2
573.9
509.0
64.9

576.3
553.2
484.9
68.3

571.8
548.6
483.0
65.6

580.2
555.9
491.5
64.4

597.7
571.3
505.9
65.4

608.6
583.0
517.7
65.4

610.6
585.6
521.2
64.4

607.8
582.7
517.4
65.3

606.3
580.9
516.0
64.9

612.1
587.0
523.0
64.2

613.3
588.9
524.7
64.3

620.7
594.5
531.1
63.6.

628.6
601.0
537.4
63.8

449.9
177.2
272.7
70.4

496.4
206.0
290.2
80.2

485.2
195.7
289.3
77.6

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

504.5
209.5
294.8
81.5

502.1
211.2
290.6
80.3

499.3
207.3
291.8
80.4

508.6
213.3
295.1
82.2

505.5
207.8
297.4
81.9

504.4
208.1
296.0
80.9

506.9
211.1
295.6
79.5

Intermediateproducts
Construction supplies
Business supplies
Commercial energy products

1180.3
305.8
163.3
142.5
874.8

1183.1
310.2
164.3
146.0
873.6

Table 8
DIFFUSION INDEXES OF INDUSTRIAL PRODUCTION
Percent
Year

Jan.

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.

Oct.

Nov.

Dec.

One Month Earlier
1995
1996
1997
Three Months Earlier
1995

55.3
34.5
41.9

47.7
65.5

50.0
54.2

43.2
52.7

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
58.7

64.0
41.3
56.4

58.7
50.0

49.6
53.8

43.6
68.9

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
56.8

62.1
47.3
58.0

62.9
49.6

64.4
49.6

54.9
54.2

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
57.6

1996

1997
Six Months Earlier
1995
1996
1997

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 (continued)
ELECTRIC POWER USE: MANUFACTURING AND MINING
Index. 1992 = 100
Item

1992
Billion
1987 SIC I KWH

Chemicals and Products (cont.]
Synthetic materials
Plastics materials
Drugs and medicines
Soap and to letries
Industrial organic chemicals
Agricultural chemicals

Not seasons illy adjusted

Seasonallvadiusted
1996
Aug.

Sept.

Oct.

Nov.

r

Dec. "

1997
Jan.P

1996
Aug.

Sept.

Oct.

Nov/

Dec/

1997
Jan.P

1

282
2821
283
284
286
287

29.2
18.3
6.7
3.0
39.2
9.7

105.5
114.9
115.9
101.3
107.5
116.0

104.1
114.7
119.7
100.5
106.3
113.8

108.1
121.9
122.4
104.3
105.5
115.8

108.7
116.8
123.9
103.8
106.4
115.5

109.7
118.9
125.7
103.7
106.4
117.3

106.7
112.1
124.0
102.9
107.4
117.6

109.0
118.3
130.1
110.3
110.3
116.4

106.8
116.6
133.6
108.4
109.3
112.9

108.0
120.4
123.7
105.3
107.2
115.2

107.2
114.3
117.8
99.6
105.3
116.0

107.0
116.9
118.2
98.1
105.4
118.3

106.6
111.4
115.4
100.0
107.7
118.3

29

47.0

106.5

106.8

110.1

108.8

105.6

102.1

110.1

110.1

108.6

107.8

107.2

105.5

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

30
301
306
308

38.0
4.3
3.2
28.9

123.8
105.2
110.3
129.7

123.9
107.1
111.7
129.0

125.4
107.2
112.6
131.0

123.4
102.7
111.4
129.5

123.4
99.6
111.2
130.2

124.3
95.5
109.2
132.8

128.6
112.4
115.5
133.8

129.6
112.7
116.8
134.8

127.1
107.7
113.1
133.2

122.7
102.4
108.7
129.0

118.5
92.8
107.2
125.6

114.8
90.1
102.1
122.0

Leather and products
Shoes

31
314

1.0
.3

95.2
95.4

92.0
94.0

94.6
94.6

92.8
90.2

91.4
90.6

91.3
91.2

103.1
108.6

101.3
106.0

94.5
95.9

89.8
87.2

86.9
83.9

86.5
83.7

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

32
321
322
324
325
327

33.8
1.5
7.3
9.6
1.4
4.7

109.7
100.4
99.3
113.2
115.0
106.5

110.5
106.6
101.2
111.3
114.4
110.4

110.1
108.0
99.9
110.8
119.8
107.1

108.7
104.4
99.1
109.7
115.2
108.3

109.1
104.3
100.6
110.5
116.7
109.5

114.1
105.4
102.3
118.1
118.5
109.5

113.6
103.2
102.6
119.4
117.2
109.3

113.2
110.0
102.9
115.1
117.9
113.1

113.2
108.0
101.8
118.7
119.3
109.3

110.9
103.3
99.2
117.0
115.6
110.2

109.1
103.3
98.1
114.2
116.8
110.5

109.2
101.4
99.0
107.8
114.0
106.6

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

33
331
332
333
3334 I
336

150.9
57.0
9.9
66.2
60.3
2.7

98.0
111.3
111.7
82.1
69.3
115.6

96.4
108.9
108.6
81.1
69.8
119.4

96.4
106.9
120.0
80.3
67.2
122.9

95.0
103.4
120.0
80.5
68.2
125.0

95.2
106.0
116.6
79.3
65.5
118.6

93.8
104.2
106.3
79.7
65.6
116.7

97.2
110.2
107.2
82.3
68.5
116.3

95.5
107.5
111.1
79.3
67.0
122.6

97.1
107.0
121.6
81.0
67.5
125.3

94.5
103.1
121.8
79.0
66.8
126.5

95.0
104.7
114.3
80.6
66.6
117.4

94.8
106.4
102.3
81.3
67.4
112.9

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

34
341
342
344
345
346

31.4
2.9
2.7
5.4
1.7
6.7

112.5
106.0
110.1
117.7
112.2
125.1

112.4
107.9
109.8
117.9
114.6
123.9

112.6
107.3
110.4
117.2
115.9
126.1

112.3
113.4
109.5
116.0
116.5
122.1

114.0
116.2
109.8
118.8
117.7
122.7

112.9
114.4
109.5
118.4
115.8
123.1

115.9
108.7
116.1
119.2
119.0
126.1

116.9
112.4
116.1
120.9
119.8
128.9

113.3
107.8
111.0
117.2
117.4
127.6

110.8
111.2
107.5
115.4
114.3
121.2

110.0
108.8
105.6
116.7
111.5
119.9

108.0
109.6
102.0
117.5
108.9
116.0

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

35
351
352
353
354
355
356
357
358

33.2
2.6
2.0
3.8
4.1

108.0
98.6
117.4
112.5
112.7

107.8
98.1
110.3
112.5
112.2

107.4
96.3
121.3
109.7
112.6

107.7
97.0
129.0
109.3
115.0

106.2
96.6
120.2
110.1
113.7

105.6
91.6
107.5
114.8
113.0

114.6
100.8
114.3
118.0
120.1

114.7
101.4
111.9
121.2
120.6

107.6
95.8
115.2
110.0
112.7

104.6
96.7
124.0
108.6
111.0

101.8
92.8
116.9
106.1
108.2

99.5
88.6
111.3
107.9
106.2

5.2
5.1
3.5

105.6
91.7
113.6

104.7
94.3
115.2

106.2
89.0
114.5

105.4
89.9
114.2

106.5
83.7
115.7

103.6
86.2
110.8

112.2
98.1
123.9

112.5
97.5
124.7

106.4
89.7
116.4

102.4
86.6
111.1

100.7
83.1
107.5

97.2
81.4
101.0

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

36
361
362
363
364
365
366
367

33.0
1.3
4.0
2.4
3.0
.8
3.3
14.5

116.0
87.9
87.7
105.4
109.8
134.4
110.7
131.1

118.8
88.5
88.2
103.6
112.4
136.1
118.7
134.5

117.1
88.6
85.6
104.9
114.4
137.4
114.3
132.5

119.5
88.7
87.8
102.8
113.4
130.8
116.6
137.6

118.8
88.7
86.3
102.2
111.8
131.4
114.7
137.4

119.5
86.4
84.4
104.7
111.1
141.0
115.2
138.7

124.4
96.9
91.6
114.9
113.2
144.4
122.5
140.6

127.1
96.7
91.9
111.8
118.0
144.8
130.4
143.6

118.6
90.3
85.6
107.2
115.3
141.2
114.8
133.8

116.3
85.6
85.1
98.1
110.8
129.9
111.5
134.0

114.7
84.4
83.3
92.3
107.2
127.9
111.4
133.8

112.5
81.9
81.4
97.2
104.0
134.1
107.1
130.9

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

37
371
372
373

39.6
22.8
10.7
2.2

105.8
117.7
83.4
85.2

107.0
119.4
84.1
85.0

107.6
119.1
84.5
88.0

105.7
116.8
83.4
90.0

103.6
112.8
85.7
88.5

106.6
116.6
89.0
87.5

113.2
126.0
89.4
86.5

113.5
127.4
89.5
86.5

108.4
120.6
85.6
85.3

103.2
114.7
80.4
86.9

98.9
107.6
82.1
88.2

100.3
109.2
83.8
87.7

Instruments
Photographic equip. & supplies

38
386

13.7
1.8

99.8
89.1

99.4
87.8

100.1
88.2

98.6
87.6

99.4
88.1

101.7
93.7

109.0
96.2

108.5
93.1

101.8
90.2

95.3
84.1

94.4
84.5

95.6
91.5

39

4.5

123.2

126.5

129.3

129.6

130.9

130.7

134.1

137.8

131.2

125.0

123.8

121.7

909.8
835.3
98.8

106.0
105.6
104.4

106.4
106.3
104.0

106.7
106.5
101.9

106.1
106.2
99.3

106.2
106.4
98.5

105.8
106.1
96.4

110.3
109.5
105.1

110.2
109.9
101.6

107.6
107.6
102.6

105.0
105.2
98.9

104.3
104.3
103.4

103.4
103.6
103.2

Petroleum products

Miscellaneous manufactures
SUPPLEMENTARY GROUPS
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.
Seasonal adjustment. Individual series are seasonally adjusted by the X-l 1ARIMA
method, developed at Statistics Canada. For series based on production-worker
hours, the current seasonal factors were estimated with data through October 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.
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,

18


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 thefirstestimate 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.
Electric Power
Data on electric power (expressed in kilowatt hours) are collected by the Federal
Reserve District Banks from electric utilities and also from manufacturing and
mining establishments that generate electric power for their own use (cogenerators).
The indexes of power use shown in table 9 are sums of kilowatt hours used by an
industry or industry group expressed as a percentage of that industry's or group's
usage in 1992. The first column of the table shows, for reference, electric power use
in billions of kilowatt hours as reported by manufacturing and mining industries in
the 1992 censuses of those industries. The supplementary group, "Total, less nuclear
nondefense," is shown separately because the value-added proportion for the
nondefense nuclear material series (part of SIC 2819) in total IP is considerably
smaller than its share of total electric power use. Excluding this component from total
power use facilitates comparisons with total IP.
References
The annual revision published in January, including a description of the aggregation
methods for industrial production and capacity utilization, is described in the Federal
Reserve Bulletin, vol. 83 (February 1997), pp. 67-92. In addition, the most recent
revision to the electric power use data is discussed in that article.
Industrial Production—1986 Edition contains a more detailed description of the
other methods used to compile the industrial production index, plus a history of its
development, a glossary of terms, and a bibliography. To obtain Industrial
Production—1986 Edition ($9.00 per copy), write to Board of Governors of the
Federal Reserve System, Publications Services, Washington, DC 20551. The major
revisions to the IP indexes and capacity utilization since 1990 have been described in
the Federal Reserve Bulletin (April 1990, June 1990, June 1993, March 1994,
January 1995, and January 1996). The basic methodology used to estimate capacity
and utilization is discussed in the June 1990 Federal Reserve Bulletin.

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

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