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

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FEDERAL RESERVE statistical release i
G.17 (419)

For release at 9:15 a.m. (EST)
November 17,1997

INDUSTRIAL PRODUCTION AND CAPACITY UTILIZATION
Industrial production rose 0.5 percent in October after a downward revised gain of 0.5 percent in September.
The output of consumer goods, business equipment, and durable materials registered solid gains. The output of energy
materials, which had increased sharply in September, was little changed in October, as was the production of construction
supplies. At 122.7 percent of its 1992 average, industrial production in October was 5.6 percent higher than in October
1996. The rate of industrial capacity utilization rose to 84.3 percent— its highest rate since March 1995.
Market Groups
The output of consumer goods rose 0.7 percent after only a slight gain in September. Durable consumer
goods rebounded from September’s drop as most major sectors posted gains. The pickup in the growth of output of
nondurable consumer goods reflected a notable increase in the non-energy sector, which includes food, paper, and
chemical products for home use. The production of consumer energy products rose again. The output of business
(over)

Percent chanae
Sept/

Total index
Previous estimates

120.8
120.9

121.5
121.5

122.1
122.4

122.7

.8
.8

.6
.5

.5
.7

.5

5.6

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

116.4
112.5
139.2
119.8
127.9

117.4
113.3
142.1
121.1
128.2

117.6
113.5
142.0
121.0
129.3

118.2
114.2
143.2
120.7
129.9

.3
.2
1.3
-.7
1.5

.8
.7
2.1
1.1
.2

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

.5
.7
.8
-.2
.5

4.8
3.1
11.2
2.6
6.7

Maior industry aroups:
Manufacturing
Durable
Nondurable
Mining
Utilities

122.6
135.4
109.1
107.4
113.2

123.5
137.5
108.8
106.7
112.6

123.8
137.8
109.2
105.9
116.5

124.6
138.7
109.7
104.8
116.8

.8
1.0
.6
-.3
1.3

.8
1.5
-.2
-.7
-.5

.2
.2
.3
-.7
3.5

.6
.7
.5
-1.1
.3

5.9
9.1
2.1
1.4
4.4

Capacity Utilization

Average
1967-96

1982
Low

Total industry
Previous estimates

82.1

71.1

85.3

83.0

83.9
83.9

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

82.0
79.9
86.7
91.0
89.0

82.9
81.0
87.2
93.7
88.9

Manufacturing
Advanced processing
Primary processing
Mining
Utilities




Capacity
growth
Oct. 96 to
Oct. 97

Sept/

Oct.P

84.1
84.1

84.2
84.4

84.3

3.9

83.2
81.5
87.1
92.9
88.3

83.1
81.3
87.1
92.2
91.3

83.3
81.6
87.2
91.1
91.4

4.3
5.2
2.3
1.3
1.6

c>
Ip

Percent of capacity
1988-89
1996
1997
Oct.
High
July1-

Oct.P

Oct. 96 to
Oct. 97

c>
tp

INDUSTRIAL PRODUCTION AND CAPACITY UTILIZATION: SUMMARY
Seasonally adjusted
Index. 1992=100
1997
1997
Oct.P
Industrial Production
Julyr
Aug.r
Sept.r
Julyr

equipment, which increased nearly 15 percent at an annual rate in the third quarter, rose 0.8 percent. Continued strength
in the production of information processing equipment, which includes computers, along with a rebound in industrial
equipment accounted for much of the gain. The output of transit equipment, which has been growing rapidly, on balance,
for more than a year, slipped a bit; a decrease in the production of aircraft contributed to the decline. The output of
materials rose 0.5 percent as durable materials posted another strong gain. The production of parts for high-technology
equipment continues to lead the advance in the output of durable materials. The output of nondurable materials, which
posted another small gain in the third quarter, advanced a little further last month. The production of energy materials
eased off a bit, as electricity generation was nearly unchanged and the production of crude oil and coal declined.
Industry Groups
Manufacturing output rose 0.6 percent with widespread gains in both the durables and nondurables
industries. The growth of output in the durable goods industries, 0.7 percent, was led by increases in industrial
machinery and computers, electrical machinery, and instruments. Output changes among the remaining durable goods
industries were relatively small. The production of nondurable goods rose 0.5 percent, with gains in most major
industries.
.
The factory operating rate rose 0.2 percentage point, to 83.3 percent, about the same as the August level.
The utilization rate for advanced-processing industries increased 0.3 percentage point to 81.6 percent, a level well below
the recent high of 84.2 percent, in January 1989. The rate for primary processing edged up 0.1 percentage point to
87.2 percent, but has changed little, on balance, since last March.

NOTICE
The Federal Reserve will publish revisions of its measures of industrial production (IP), capacity,
capacity utilization, and industrial use of electric power on December 9,1997. The revisions will begin with data for
1992 and will incorporate updated source data for recent years.
The regular updating of source data for IP will include annual data from the 1995 Annual Survey of
Manufactures of the Bureau of the Census and from selected 1996 Current Industrial Reports of the Bureau of the
Census. Annual data from the Department of the Interior on metallic and nonmetallic minerals (except fuels) for 1995
and 1996 will also be introduced. Revisions to the monthly indicators for each industry (physical product data,
production-worker hours, or electric power usage) and revised seasonal factors will be incorporated. Capacity and
capacity utilization will be revised to incorporate preliminary data from the 1995/96 Survey of Plant Capacity of the
Bureau of the Census. The statistics on the industrial use of electric power will incorporate more complete reports
received from utilities for the past few years as well as data from the 1995 Annual Survey of Manufactures.
Once the revision is published, the revised data will be available on the Board’s World Wide Web site
(http://www.bog.frb.fed.us) and on diskettes from Publications Services, 202-452-3245. The revised data will also be
available through the Economic Bulletin Board of the Department of Commerce; for information about the Bulletin
Board, call 202-482-1986. For information on these revisions, call the Board’s Industrial Output Section, 202-452-3197.




2

Industrial Production and Capacity Utilization
(October data, seasonally adjusted)

Industrial production indexes
Twelve-month percent change

Twelve-month percent change

5

0
-5

-10
10
5

0
-5

-10
1992

1994

1996

1992

Total industry

1996

Manufacturing

Ratio scale, 1992 production = 100




1994

Ratio scale, 1992 production = 100

3

Table 1A
INDUSTRIAL PRODUCTION: M ARKET GROUPS
Index. 1 192=10C
Item
Total index
Products, total
Final products

Seasonally Adjusted

1996
IP
ProDortion1

1997
Mav

June

Julvr

100.00

119.5

119-9

59.92
45.14

115.9
117.1

116.0
117.4

Oct.P

120.8

121.5

122.1

122.7

118.0

121.9

119.4

124.6

125.4

124.2

116.4
117.8

117.4
119.1

117.6
119.1

118.2
119.9

113.6
114.9

118.1
119.1

116.2
116.4

121.5
122.7

122.2
123.4

120.4
121.9

4 40

440

44 A

4AO

444

4 4 - y -7

June

Julvr

Aua.r SeDt.r

Oct.P

4 4 0 6

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

128.4
126.4
130.0
117.7
150.5
118.8
129.7
181.1
126.1
249.8
111.7
109.6
108.6
107.8
107.6
94.8
118.0
103.4
113.5
111.9
114.0

130.6
128.4
132.6
114.9
159.5
120.1
132.0
187.3
134.5
252.2
114.2
109.7
107.8
107.4
106.9
94.1
117.3
104.5
110.4
111.6
109.5

128.5
123.1
123.5
118.0
135.8
119.2
132.1
189.9
132.0
263.0
108.3
111.9
108.5
108.0
108.1
94.5
116.3
105.4
111.9
108.3
113.0

133.0 132.2 133.0 130.4
133.3 134.4 135.3 133.2
140.5 143.4 143.9 143.7
124.5 125.1 122.1 128.8
165.8 171.7 176.1 161.2
121.5 120.6 121.8 117.3
132.6 130.5 131.2 128.4
195.3 186.9 189.4 179.7
137.1 120.5 120.7 127.9
268.3 274.3 280.3 243.3
110.1 110.7 111.9 107.4
109.5 109.0 108.6 109.9
108.4 108.9 109.6 104.2
107.8 107.8 108.6 106.0
108.1 107.7 108.3 105.4
94.2
94.6
94.2
95.7
116.5 117.3 118.3 114.3
104.2 104.3 105.9 103.1
112.4 115.2 115.8
94.0
lit .3 41 41 4I . U£> 41 4» OO . UA 414I CA . . UC
112.6 116.5 116.9
85.3

134.4
135.1
143.5
122.8
167.8
121.6
133.8
193.0
138.7
259.3
116.2
109.5
108.6
111.1
110.8
98.8
123.0
103.7
94.4

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

124.9
136.1
156.5
366.5
129.3
112.1
111.7
128.2
75.6
154.2
166.4

126.2
137.4
159.9
378.4
129.2
112.1
110.1
129.2
76.1
161.4
163.1

126.9
139.2
162.4
394.7
131.9
112.3
108.8
129.6
75.0
149.8
166.3

129.1
142.1
164.8
410.5
134.3
117.8
117.9
130.1
75.8
147.3
164.4

128.8
142.0
166.7
422.4
132.4
118.4
118.0
128.0
75.5
141.7
161.2

129.5
143.2
169.0
433.0
133.2
118.0
116.9
129.5
75.7
136.8
166.0

124.5
136.2
153.9
359.5
128.7
118.2
123.0
128.1
75.1
143.6
170.2

14.78
5.72
9.06

112.2
120.6
107.3

112.0
120.6
106.9

112.0
119.8
107.5

112.2
121.1
107.0

113.0
121.0
108.4

113.2
120.7
108.7

40.08

125.2

126.0

127.9

128.2

129.3

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

141.7
127.2
180.4
121.0
118.4
109.8
105.4
114.8
109.7
107.4
104.1
102.5
107.0

143.3
130.1
183.2
121.2
118.7
109.9
107.8
111.7
109.4
109.7
103.9
101.9
107.6

145.8
134.5
187.3
122.0
118.3
111.3
112.8
116.3
110.4
108.0
105.0
103.1
108.6

147.2
135.7
190.2
122.5
119.0
110.0
108.4
115.8
109.3
107.1
104.4
103.0
107.0

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

97.48
95.20
97.55
93.68

119.4
119.3
116.5
112.4

119.8
119.5
116.8
112.6

120.9
120.5
117.6
113.2

Consumer goods excluding:
Autos and trucks
Energy

26.76
24.65

111.5
112.4

111.1
112.6

Business equipment excluding:
Autos and trucks
Computer and office equipment

12,67
12.26

138.5
121.7

Materials excluding:
Energy

31.96

131.8

u u u iiM

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

■

O

Aua.r SeDt.r

AO 4 C
C .U . 1J

in s iiiT iA r

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
Fueis
Utilities

4 40

Not seasonally adjusted
1997
Mav

4 4 0

e

0

C

O

O

44 0

7

C

1 1 7

Q

11

ft n

115.9 132.9
100.9 133.4
83.4 139.7
79.0 122.4
88.5 159.9
116.8 122.3
126.2 132.4
186.2 191.4
120.4 120.7
272.2 284.9
104.3 114.6
104.1 108.3
110.1 113.8
110.7 115.3
109.3 116.4
94.1
98.8
127.0 128.0
104.3 105.0
106.3 105.0
109.8 4 - M C
104.7 102.0

135.9
138.0
146.5
121.0
176.2
124.3
134.3
195.3
121.9
292.6
115.3
109.9
113.4
115.5
116.0
99.0
130.1
104.6
102.0
113.9
96.4

140.6
146.3
161.2
133.5
193.6
125.4
136.5
199.8
130.8
289.5
116.8
111.3
110.0
112.3
114.1
96.9
121.3
104.0
97.4

128.5
141.0
163.1
393.2
132.4
117.5
119.1
132.1
75.6
150.4
176.5

124.6
136.7
169.1
428.2
129.4
98.3
77.9
120.3
73.7
148.9
150.8

131.4
145.0
170.5
429.5
136.6
116.5
118.8
133.5
74.7
151.3
179.2

132.9
146.9
173.4
440.7
138.5
117.9
119.0
133.9
75.6
152.2
170.9

132.2
145.8
170.2
434.8
135.0
123.3
129.7
134.0
75.7
148.5
184.6

109.6
121.5
102.7

114.8
126.9
107.8

115.4
122.3
111.4

117.9
126.4
112.9

118.4
127.7
112.9

115.9
127.1
109.3

129.9

125.0

128.1

124.6

129.4

130.3

130.2

148.1
135.9
192.4
122.8
118.8
110.8
111.2
113.9
109.9
109.3
106.3
104.2
110.2

149.2
136.0
195.9
122.9
118.9
111.1
111.5
115.9
109.9
109.0
106.1
103.8
110.5

142.4
133.1
178.8
120.9
118.8
109.9
110.0
113.6
110.3
105.3
101.7
101.4
102.2

146.4
138.5
184.5
123.3
119.2
111.4
110.0
113.5
110.6
111.3
104.3
103.3
106.4

139.8
110.6
185.1
120.8
114.6
109.3
104.2
114.3
109.7
105.9
106.1
102.5
112.6

148.4
138.0
189.2
124.6
117.0
110.7
110.9
116.8
109.2
108.4
106.1
103.0
111.9

150.8
137.8
194.2
126.5
120.5
111.6
111.1
114.0
111.2
110.0
103.9
101.8
107.7

151.0
142.3
195.0
124.6
118.7
113.1
113.8
116.1
109.8
117.1
101.5
98.9
106.3

121.3
120.9
118.2
113.7

121.8
121.4
118.6
114.0

122.4
122.0
119.1
114.4

117.5
117.2
115.1
111.0

121.6
121.1
118.7
114.5

120.3
120.7
115.9
111.6

124.4
123.9
121.0
116.6

125.1
124.7
121.7
117.1

123.6
123.0
120.6
115.9

111.8
112.6

111.8
113.4

111.9
113.2

112.7
114.0

107.6
111.4

112.1
116.3

112.4
112.2

116.4
119.3

116.4
120.1

113.8
118.5

140.1
122.4

142.3
123.6

144.6
125.9

144.5
125.3

145.8
126.0

137.5
122.1

143.2
125.4

142.6
119.5

147.6
127.8

149.7
129.3

147.4
128.5

132.8

135.0

135.5

136.3

137.2

132.2

135.4

130.3

136.5

138.5

139.1

44O C
1 1U . J

85.4

H

I

1

90.1

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 PR O D UCTIO N: M A R K ET GROUPS
Percent change

Item

1995 Q4
to
1996 Q4

Seasonally adjusted
annual rate
1996 1997
Q2
Q3r
Q4
Q1

Seasonally adjusted
1997
Julvr Aua.r Sent/ Oct.P

Not seasonally adjusted
1997
Julvr Aua.r SeDt.r Oct.P

Oct. 96
to
Oct. 97

Total index

3.9

4.5

4.4

4.3

6.6

.8

.6

.5

.5

-2 .0

4.3

.6

-.9

5.6

Products, total
Final products

3.8
4.1

4.8
4.8

3.6
3.9

3.7
4.8

4.7
5.7

.3
.4

.8
1.1

.2
.0

.5
.6

-1.6
-2.3

4.6
5.4

.6
.6

-1.5
-1.3

4.8
5.5

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
Enerqy products
Fuels
Utilities

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

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

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

1.8
-1.7
-12.8
-23.4
-17.3
-28.4
4.1
6.9
10.1
-2.8
21.6
13.0
1.4
2.8
.8
-2.6
1.6
4.1
7.4
14.8
18.8
13.0

2.8
8.3
12.8
19.5
23.6
15.9
4.9
5.3
19.3
.6
37.8
-6.4
1.1
1.4
1.0
2.0
.0
-2.7
4.5
3.0
-2.3
5.6

.2
-1.6
-4.1
-6.9
2.7
-14.9
-.8
.1
1.4
-1.9
4.3
-5.2
1.9
.7
.6
1.1
.4
-.8
.9
1.4
-2.6
3.3

.7
3.5
8.3
13.8
5.5
22.1
1.9
.4
2.9
3.9
2.0
1.6
-2.1
-.1
-.2
.0
-.3
.1
-1.2
.4
2.2
-.4

.2
-.6
.9
.2.1
.5
3.5
-.7
-1.6
-4.3
-12.1
2.2
.6
-.5
.4
.0
-.4
.4
.8
.1
2.5
.3
3.5

.7
.6
.6
.3
-2.4
2.6
1.0
.5
1.3
.1
2.2
1.1
-.4
.7
.7
.6
-.3
.8
1.6
.6
1.3
.3

-1.8
-13.8
-25.3
-41.9
-35.7
-47.2
-3.9
-5.7
-3.5
-13.2
4.9
-10.2
-4.9
1.4
-.3
-1.4
-4.8
3.2
.6
12.6
-3.2
22.6

5.4
14.7
32.3
67.6
55.0
80.6
4.8
4.9
2.8
.3
4.7
9.8
4.1
3.3
4.1
6.5
5.1
.8
.7
-1.2
1.6
-2.6

.2
2.3
3.4
4.9
-1.1
10.2
1.6
1.5
2.0
1.0
2.7
.6
1.5
-.3
.1
-.4
.2
1.6
-.4
-2.9
2.0
-5.5

-1.7
3.5
6.1
10.1
10.3
9.9
.9
1.6
2.3
7.3
-1.1
1.3
1.3
-3.0
-2.8
-1.6
-2.1
-6.7
-.6
-4.4
-.6
-6.5

3.1
6.8
10.9
14.5
8.7
19.5
6.5
4.0
7.3
-2.4
15.7
3.1
1.9
2.1
1.7
1.5
-1.3
2.4
2.9
4.6
4.6
4.6

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

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

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

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

9.6
9.0
14.7
32.6
5.4
-.5
-23.0
15.1
2.2
47.2
14.7

10.5
14.9
20.4
53.1
10.5
18.0
16.4
1.6
-1.2
--22.7
-4.5

.6
1.3
1.6
4.3
2.1
.1
-1.2
.3
-1.5
-7.2
1.9

1.8
2.1
1.5
4.0
1.9
4.9
8.4
.4
1.0
-1.7
-1.1

-.3
-.1
1.1
2.9
-1.4
.5
.1
-1.7
-.4
-3.8
-1.9

.6
.8
1.4
2.5
.6
-.3
-.9
1.1
.3
-3.5
3.0

-3.1
-3.1
3.6
8.9
-2.3
-16.4
-34.6
-8.9
-2.5
-1.0
-14.6

5.4
6.0
.8
.3
5.6
18.6
52.6
11.0
1.4
1.6
18.9

1.2
1.4
1.7
2.6
1.3
1.2
.2
.3
1.2
.6
-4.6

-.6
-.7
-1.8
-1.4
-2.5
4.6
8.9
.1
.1
-2.4
8.0

9.4
11.2
14.7
35.8
4.9
15.9
6.9
9.1
-1.6
13.9
.5

3.0
5.7
1.3

4.8
-.4
8.2

2.8
3.0
2.7

.5
2.8
-1.0

1.4
.6
1.9

.1
-.7
.6

.1
1.1
-.5

.7
-.1
1.3

.1
-.2
.3

.5
-3.6
3.3

2.1
3.4
1.4

.4
1.0
.0

-2.1
-.4
-3.2

2.7
2.6
2.8

4.0

4.1

5.6

5.2

9.5

1.5

.2

.9

.5

-2.7

3.9

.7

-.1

6.7

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

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

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

8.8
-3.9
19.9
4.7
7.2
.3
4.0
2.9
-3.2
4.7
.6
-.7
2.8

14.2
20.3
22.6
4.6
2.7
1.4
12.5
6.1
-1.5
-.6
5.1
5.4
4.5

1.8
3.4
2.2
.7
-.3
1.3
4.6
4.1
.9
-1.6
1.1
1.2
1.0

.9
.9
1.5
.4
.6
-1.2
-3.9
-.5
-1.0
-.8
-.6
-.1
-1.5

.6
.2
1.1
.3
-.2
.7
2.5
-1.6
.6
2.0
1.9
1.2
3.0

.7
.0
1.8
.1
.1
.3
.3
1.7
.0
-.2
-.2
-.4
.2

-4.5
-20.1
.3
-2.0
-3.9
-1.9
-5.3
.7
-.8
-4.8
1.6
-.7
5.8

6.2
24.8
2.3
3.1
2.1
1.3
6.4
2.1
-.5
2.3
.1
.5
-.6

1.6
-.2
2.6
1.5
3.0
.8
.2
-2.4
1.9
1.5
-2.1
-1.1
-3.8

.1
3.2
.4
-1.5
-1.5
1.3
2.5
1.9
-1.3
6.4
-2.2
-2.8
-1.2

9.9
7.3
19.8
2.4
1.4
2.9
2.8
7.3
.5
4.9
2.1
1.7
2.8

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

4.0
4.2
3.1
2.6

5.3
5.6
4.0
3.5

4.0
4.0
3.9
2.7

5.1
5.3
3.6
2.4

6.3
5.7
5.5
4.1

.9
.8
.7
.6

.3
.3
.5
.4

.4
.4
.4
.3

.5
.5
.4
.3

-1.1
-.4
-2.4
-2.5

3.4
2.7
4.4
4.5

.6
.6
.6
.5

-1.2
-1.4
-.9
-1.0

5.4
5.2
4.8
3.6

Consumer goods excluding:
Autos and trucks
Energy

2.6
2.5

7.2
4.6

-1.5
1.6

3.4
.2

2.0
2.7

.6
.0

.1
.7

.1
-.1

.7
.7

.3
-3.5

3.6
6.3

.0
.6

-2.3
-1.3

2.5
2.9

Business equipment excluding:
Autos and trucks
Computer and office equipment

8.9
4.4

9.1
3.6

11.0
9.6

12.2
5.9

14.8
10.4

1.6
1.0

1.6
1.8

-.1
-.5

1.0
.6

-.4
-4.7

3.5
6.9

1.4
1.2

-1.5
-.6

11.5
8.0

Materials excluding:
Energy

4.7

4.6

7.2

6.4

10.5

1.6

.4

.6

.6

-3.8

4.8

1.4

.4

7.9

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

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




5

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

Item

Total index
Manufacturing
Primary processing
Advanced processing
i

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

Seasonally Adjusted

Not seasonally adjusted

Aua.r SeDt.r

Oct.P

1997
Mav

121.5

122.1

122.7

118.0

121.9

119.4

122.6

123.5

123.8

124.6

120.6

124.7

115.7
124.5

116.3
125.7

116.4
127.0

116.8
127.3

i32_7
114.6
113.9
112.8

i .v> a
113.4
112.4
114.0

157 n

■J 57

i li.6
114.5
113.5

115.8
123.0
a on n
112.6
110.7
114.0

1997
Mav

June

Julvr

100.00

119.5

119.9

120.8

86.34

121.0

121.6

27.72
58.62

115.8
123.6

/iu 7G
2.06
1,30
2.12

113.1
110.6
113.7

£
112.9
112.5
113.7

117.0
128.3
4 •»
112.4
112.6
114.1

June

Julvr

Aua.r Sect/

Oct.P

124.6

125.4

124.2

120.9

126.9

128.3

127.5

118.1
128.0

114.5
124.0

118.1
131.3

119.4
132.7

119.3
131.5

4 07

O
118.2
115.4
117.5

4 on

c
111.8
110.9
115.0

4on 4

4A4 A

141

1T 7.1
118.6
118.3

117.6
118.9
117.7

ft
118.9
113.8
118.7

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

3.52
1.88
.09
1.64
5.28

123.4
123.6
115.8
123.1
121.1

123.1
120.3
115.1
126.2
120.8

123.4
120.9
115.4
126.2
121.1

123.7
119.6
116.3
128.5
121.7

124.8
122.9
119.0
126.9
121.9

124.8
122.6
118.3
127.3
121.9

124.2
124.1
115.7
124.2
119.8

123.6
121.4
115.1
126.1
122.9

117.7
116.4
110.6
119.2
120.1

121.1
116.2
112.2
126.7
124.9

126.6
125.0
118.1
128.3
126.7

124.8
122.1
117.9
127.9
124.1

9.51
2.45
8.58
3.87

170.5
371.8
178.1
312.8

172.2
383.9
181.7
321.2

176.6
400.4
185.9
333.3

181.2
416.4
188.2
340.9

180.4
428.4
188.7
345.4

182.4
439.2
191.6
354.4

170.3
364.7
176.4
310.8

178.0
398.9
183.1
323.1

176.7
434.3
182.8
326.9

183.7
435.6
188.4
337.3

187.6
447.1
193.1
347.6

184.7
441.0
193.8
352.5

Transportation equipment
37
Motor vehicles and parts
371
Autos and light trucks
070
Aerospace and misc.
i c. ■ C O
Instruments
38
Miscellaneous
39

8.41
4.80
2.29
3.62
4.72
1.29

110.2
123.7
121.6
96.4
105.2
117.0

112.4
127.1
123.1
97.4
105.9
117.5

112.6
126.7
116.9
98 3
105.9
118.9

116.9
134.6
131.0

118.2
136.6
133.3

99 1

99 9

107.0
118.4

106.1
117.8

118.6
136.4
133.0
100.7
107.2
118.1

115.8
134.8
134.8
96.9
103.6
116.3

118.0
138.2
133.5
98,0
107.3
117.8

94.6
90.1
79.1
96.6
107.3
113.7

117.0
136.7
130.5
97.4
109.2
118.8

118.2
137.0
135.3
99.3
109.4
120.6

124.0
148.6
149.0
100.0
107.5
121.7

20
21
22
23
26

39.55
9.37
1.16
1.57
1.80
3.29

108.7
108.1
104.2
107.3
96.4
112.8

108.4
107.9
101.8
108.9
96.4
111.7

109.1
108.8
103.3
111.3
96.5
114.8

108.8
108.4
104.8
110.2
95.7
114.0

109.2
108.1
104.7
111.3
96.0
113.5

109.7
108.6
106.3
111.6
96.1
114.8

107.3
106.0
100.3
110.7
96.3
110.8

111.4
110.2
113.4
115.5
98.5
113.2

110.5
111.2
88.5
107.2
94.6
112.7

114.0
115.4
115.6
114.1
98.9
115.2

114.4
116.4
107.8
114.0
99.3
113.5

112.7
114.1
117.8
117.3
97.5
117.3

27
28
29
30
31

6.44
10.17
1.75
3.78
.20

99.8
112.7
112.1
123.4
77.0

99.7
112.3
111.3
124.0
75.6

100.2
112.4
108.7
124.2
75.3

99.5
111.9
110.1
126.5
73.2

100.1
112.9
110.8
126.3
72.8

100.7
113.3
112.0
126.5
72.0

96.8
111.7
113.6
123.2
77.0

101.6
115.7
116.0
126.2
77.7

104.7
116.7
113.5
120.4
71.3

106.3
117.0
114.6
127.6
74.7

106.2
118.9
116.0
127.8
74.7

101.9
114.9
113.2
128.6
73.4

10
12
13
14

5.59
.42
.87
3.71
.60

108.1
104.2
115.9
105.0
121.3

107.8
107.4
107.4
105.8
123.7

107.4
103.4
114.1
104.8
119.8

106.7
104.5
109.8
103.9
123.3

105.9
102.9
109.3
103.3
122.1

104.8
101.5
108.5
102.0
122.2

107.3
104.8
109.9
103.5
133.1

108.3
110.6
106.9
103.9
141.0

106.7
104.4
104.3
103.4
137.2

108.5
105.7
111.6
103.3
144.3

109.0
105.2
112.5
104.0
142.9

108.2
100.1
111.9
103.3
145.0

491,3pt
492,3pt

8.07
6.26
1.81

112.4
110.5
119.0

111.7
111.1
113.5

113.2
113.4
112.5

112.6
112.6
112.4

116.5
117.8
112.0

116.8
118.1
112.1

99.1
102.6
86.6

103.7
114.7
65.1

113.9
128.1
64.1

112.0
126.1
62.6

107.3
120.4
61.4

102.5
108.9
79.6

81.54
83.89
80.02

120.8
117.6
112.8

121.2
118.0
113.1

122.3
118.8
113.7

122.8
119.6
114.3

123.1
119.8
114.4

123.9
120.4
114.9

119.8
117.2
112.5

123.9
120.9
116.0

122.4
116.8
111.7

126.3
122.8
117.7

127.7
124.1
118.7

126.3
123.3
117.9

11.6
5.8
5.8
5.4
0.3

11.7
5.7
6.0
5.8
0.3

11.0
5.8
5.2
4.9
0.3

12.4
6.1
6.3
6.0
0.3

12.6
6.1
6.5
6.2
0.3

12.6
6.0
6.6
6.3
0.3

12.7
6.5
6.2
5.9
0.3

12.0
5.9
6.2
5.9
0.3

7.8
4.1
3.7
3.4
0.3

11.7
5.8
5.9
5.6
0.3

12.7
6.0
6.7
6.4
0.3

14.6
6.9
7.7
7.4
0.3

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
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 agricultur
chemicals, leather and products, furniture and fixtures, industrial machinery and equipment, electrical machinery, transportation equipment, instruments
and miscellaneous manufactures.




6

Table 2B
INDUSTRIAL PRODUCTION: INDUSTRY GROUPS
Percent change

SIC

Item

1995 Q4
to
1996 Q4

Seasonally adjusted
annual rate
1996 1997
Q2
Q4
Q3r
Q1

Seasonally adjusted
1997
Julvr Aua.r SeDt.r Oct.P

Not seasonally adiusted
1997
Julvr Aua.r SeDt.r Oct.P

Oct. 96
to
Oct. 97

Total index

3.9

4.5

4.4

4.3

6.6

.8

.6

.5

.5

-2.0

4.3

.6

-.9

5.6

Manufacturing

4.1

4.3

5.3

4.1

7.2

.8

.8

.2

.6

-3.1

5.0

1.1

-.6

5.9

2.9
4.8

2.3
5.2

3.0
6.4

3.6
4.3

2.8
9.4

.5
.9

.1
1.1

.3
.2

.2
.8

-3.0
-3.1

3.1
5.9

1.1
1.0

-.1
-.9

2.8
7.4

5.7
2.7
2.5
1.9

2.8
-1.3
7.1
-5.0

8.2
4.2
-.5
4.9

7.5
10.4
12.8
1.7

12.1
-3.2
-6.4
1.6

1.0
-1.0
-1.8
.5

.2
1.5
-.3 . -.2
1.7
-1.6
-.3
.0

.7
-.5
.1
.3

-5.0
-5.5
-3.9
-2.1

6.7
4.8
6.9
2.9

1.6
.4
.3
-.4

.1
1.1
-4.3
.8

9.1
2.9
2.0
2.2

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

24
25
32

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

3.7
2.4
-1.7
5.2
2.7

4.1
2.6
-7.9
6.0
.1

-.3
-1.1
6.8
.7
1.4

8.7
9.8
10.0
7.5
3.9

5.8
.2
5.1
12.5
2.3

.2
.5
.3
.0
.3

.3
-1.1
.8
1.8
.5

.9
2.8
2.3
-1.2
.2

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

-4.8
-4.1
-3.9
-5.5
-2.3

2.9
-.2
1.4
6.3
4.1

4.5
7.6
5.2
1.3
1.4

-1.4
-2.3
-.2
-.3
-2.0

2.2
-.5
6.1
5.4
2.2

10.0
37.4
7.1
16.0

6.8
22.1
6.7
17.8

12.3
25.9
12.3
33.4

12.8
32.8
16.6
31.0

20.2
53.1
21.0
37.1

2.6
4.3
2.3
3.8

2.6
4.0
1.2
2.3

-.4
2.9
.3
1.3

1.1
2.5
1.6
2.6

-.7
8.9
-.1
1.2

4.0
.3
3.1
3.2

2.1
2.6
2.5
3.0

-1.5
-1.4
.4
1.4

14.1
35.7
15.7
33.0

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
2.7
3.2

-2.2
-15.2
-24.8
18.1
2.9
5.9

14.2
14.1
22.4
14.3
2.7
7.0

-2.6
-13.9
-22.4
13.2
3.7
2.0

18.7
25.1
20.5
11.5
4.6
4.3

.3
-.3
-5.1
.9
.0
1.2

3.7
6.3
12.1
.8
1.1
-.4

1.2
1.5
1.8
.8
-.8
-.5

.3 -19.9
-.2 -34.8
-.2 -40.7
.8
-1.5
1.0
.0
.2
-3.5

23.7
51.8
65.0
.8
1.7
4.5

1.0
.2
3.7
2.0
.2
1.5

4.9
8.5
10.1
.6
-1.8
.9

12.6
12.5
13.4
12.6
3.6
4.5

20
21
22
23
26

2.3
2.1
2.6
.5
-2.8
1.7

6.0
6.0
9.1
-1.8
-3.6
2.8

2.0
3.6
-1.5
-.9
-5.4
5.2

.1
-1.9
-7.0
4.4
1.0
3.8

1.5
1.3
1.7
10.1
-1.0
6.8

.6
.8
1.4
2.2
.1
2.8

-.2
-.4
1.5
-1.0
-.8
-.7

.3
-.3
-.2
1.0
.3
-.5

.5
-.8
.5
.9
1.5 -22.0
.3
-7.1
.0
-4.0
1.2
-.5

3.1
3.8
30.7
6.4
4.6
2.2

.4
.9
-6.8
.0
.4
-1.5

-1.5
-2.0
9.3
2.9
-1.8
3.4

2.1
1.5
2.2
3.7
-1.7
6.6

27
28
29
30
31

.4
5.0
3.5
2.5
-4.7

6.9
12.3
3.9
.3
-5.1

1.6
1.8
1.4
2.7
-2.6

-2.1
-.4
12.8
1.6
-4.6

.9
-1.2
-5.4
8.2
--16.4

.5
.1
-2.3
.2
-.4

-.7
-.5
1.2
1.9
-2.8

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

.6
.4
1.1
.2
-1.1

3.1
.9
-2.2
-4.6
-8.2

1.5
.2
1.0
6.0
4.7

-.1
1.6
1.2
.1
.0

-4.1
-3.4
-2.3
.6
-1.7

1.0
1.8
3.3
4.2
-8.1

10
12
13
14

3.4
1.7
4.1
3.0
6.9

.5
2.7
9.6
-2.1
2.6

7.8
2.4
-5.6
11.7
9.0

5.9
-1.4
8.0
7.9
-3.9

-2.3
-5.4
7.2
-4.1
-2.3

-.3
-3.8
6.2
-1.0
-3.2

-.7
1.1
-3.7
-.8
2.9

-.7
-1.5
-.5
-.5
-1.0

-1.1
-1.4
-.7
-1.3
.1

-1.4
-5.6
-2.4
-.4
-2.6

1.7
1.2
7.0
-.1
5.1

.4
-.4
.7
.7
-.9

-.7
-4.9
-.5
-.7
1.4

1.4
-3.9
.9
2.0
1.8

491,3pt
492,3pt

1.4
.9
3.1

9.5
5.9
23.1

-7.1
-3.4
-19.0

5.9
1.1
24.7

5.5
10.5
-9.9

1.3
2.0
-.9

-.5
-.7
.0

3.5
4.6
-.4

.3
.3
.1

9.8
11.7
-1.6

-1.7
-1.6
-2.3

-4.2
-4.5
-1.9

-4.5
-9.6
29.6

4.4
5.5
.7

4.5
3.3
2.7

5.6
3.8
3.1

4.8
4.7
3.4

5.2
3.2
1.8

6.3
5.9
4.4

.9
.7
.5

.5
.7
.6

.2
.2
.1

.6
.5
.4

-1.2
-3.5
-3.7

3.2
5.2
5.3

1.1
1.0
.9

-1.1
-.6
-.7

5.5
5.0
3.7

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

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




7

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

Total industry

100.00

, , ____ _
I U I . t l l l l l . l t , M il i t l U

•i «

-.• >

1996
Ave.

1973
Hiah

1978­
1980
Hiah

1982
Low

82.1

89.2

87.3

71.1

85.3

“' '

TS5£~
1989
Hiah

III

Item

1996
SIC Proportion

1996
Oct.

1997
Mav

June

Julvr

78.1

83.0

83.5

83.5

83.9

w ./ .v #

___
tm . r

/ u .u

___ ___
U X L .W

ti£ ■**

DC, .^

UC. .J

_

•
•j » » . j

Aua.r Sept.r

Oct.P

84.2

84.3

84.1

u u .u

Primary processing
Advanced processing

26.61
60.81

82.3
80.6

SI .2
87.2

38.1
86.7

66.2
70.4

88.9
84.2

77.8
76.1

86.7
79.9

87,1
80.3

86.9
80.6

87.2
81.0

87.1
81.5

87.1
81.3

87.2
81.6

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

47.70
1.97
1.32
2.20

79.5
82.7
81.7
78.0

89.2
88.7
96.8
88.8

37.7
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

81.5
84.2
81.6
79.3

82.0
86.3
83.1
79.1

82.4
86.5
83.4
79.4

82.8
85.4
81.7
79.6

83.6
84.9
80.3
79.3

83.3
84.6
81.5
79.1

83.4
84.0
81.4
79.2

3.22
1.75
.08
1-46
.08
.10

80.8
80.6
80.6
81.3
74.1
8L.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

93.5
92.6
90.5
94.7
95.3
85.8

92.5
90.8
91.7
94.8
90.3
85.7

92.1
88.2
90.6
97.0
95.5
86.3

92.0
88.4
90.3
96.7
99.5
85.9

92.0
87.1
90.5
98.2
98.7
86.3

92.6
89.3
92.0
96.7
97.8
85.9

92.3
88.8
91.0
96.7

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

33
331,2
333-6,9

3331
3334

.

86.8

Fabricated metal products
Industrial machinery
and equipment

34

5.18

78.2

87.8

83.9

63.7

82.0

72.2

84.3

84.2

83.8

83.9

84.1

84.1

83.9

35

8.92

81.5

96.0

93.2

64.0

85.4

72.4

89.1

88.7

88.6

90.0

91.5

90.1

90.2

u u .o

O

O / .V

U / .T

u u .v

Electrical machinery

36

8.77

81.1

89.2

89.4

71.6

84.0

75.1

80.5

79.4

80.1

80.9

81.0

80.2

80.5

Transportation equipment
37
Motor vehicles and parts
371
Autos and light trucks1
Aerospace and misc.
372-6,9
Instruments
38
Miscellaneous
39

9.77
5.56
2.49
4.22
4.98
1.36

75.7
76.4

86.1
93.4

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

71.1
68.5
72.8
74.6
79.6
78.0

73.8
69.2
74.6
80.0
80.9
80.0

75.1
71.0
75.3
80.6
81.3
80.3

75.1
70.7
71.4
81.2
81.3
81.1

77.8
75.1
79.8
81.6
82.1
80.7

78.6
76.1
81.1
82.1
81.5
80.1

78.7
75.9
80.8
82.6
82.2
80.2

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

82.7
81.3
82.4
74.7
87.4
91.5
82.0

82.9
81.3
81.7
73.5
91.1
92.7
82.4

82.6
81.0
82.8
73.5
90.1
91.2
82.4

83.0
81.5
84.6
73.5
92.5
94.6
82.8

82.7
81.1
83.8
72.9
91.8
94.8
82.3

82.8
80.8
84.6
73.2
91.3
93.8
82.8

83.1
81.1
84.7
73.2
92.3
83.4

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

79.5
94.0
95.4
95.3
91.5
70.3

79.0
92.5
83.3
98.2
91.6
70.0

.78.5
92.0
82.6
97.4
91.8
68.9

78.4
94.4
91.6
95.0
91.7
68.8

77.8
92.4
85.2
96.1
93.2
67.0

78.3

78.4

89.0
96.6
92.8
66.9

97.6
92.8
66.3

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

91.0
88.9
86.8
91.6
81.8
95.1

94.6
87.5
92.9
95.8
104.1
94.9

94.2
90.1
86.0
96.4
108.2
96.6

93.7
86.6
91.3
95.3
99.8
93.3

92.9
87.5
87.8
94.3
97.5
95.9

92.2
86.1
87.2
93.7
93.2
94.8

91.1
84.8
86.5
92.3
89.4
94.7

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

89.0
90.2
84.5

88.5
88.0
90.0

87.9
88.4
85.8

88.9
90.0
85.0

88.3
89.3
84.9

91.3
93.3
84.5

91.4
93.4
84.5

U U

O 1 .<i

Nondurable
Foods
Textile mill products
Apparel products
Paper and products
Pulp and paper
Printing and publishing

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

.0

1 ,< j

i

U J .n

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

S IC

Item

Percent chanae
Decem ber to Decem ber
Annual rate
9751967- 19671997
1997
1975
1993
1994
1996 1997P
Ave.
1995
Ave.
Ave.

Capacity indexes
Percent of 1992 outDut
1996
Oct.

1997
M av

June

Julv

Aua.

Seat.

Oct.

Total in dustry

2.8

3.8

2.4

1.8

2.9

3.4

3.7

4.0

140.0

143.2

143.6

144.1

144.6

145.0

145.5

M a n u factu rin g

3.1

4.0

2.8

2.0

3 .2

3.8

4.1

4.3

143.4

146.9

147.4

147.9

148.5

149.0

149.5

P rim ary p ro c ess in g
A d v an c ed p ro c ess in g

2.2
3.6

4.1
4.0

1.4
3.5

1.2
2.4

2.1
3.8

2.1
4.6

2.4
4.9

2.4
5.3

131.2
149.4

132.9
153.8

133.2
154.5

133.5
155.2

133.7
155.8

134.0
156.5

134.3
157.2

D u rab le
24
Lumber and products
25
Furniture and fixtures
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

6.6
3.2 .
2.3
2 .4 '

156.0
129.7
135.2
140.7

161.8
132.0
137.1
142.6

162.7
132.4
137.3
142.9

163.6
132.7
137.6
143.2

164.5
133.1
137.8
143.5

165.4
133.5
138.1
143.8

166.3
133.8
138.4
144.1

33
33 1,2
3 3 3 -6 ,9
3331
33 34

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

1.7
.7
.3
3.8
1.8
5.2

-.3
-.8
- 1 .2
.6
-.3
-.4

-.1
-.8
- 4 .3
.9
5.2
.5

1:5
3.1
1.4
-.4
-1 .1
.0

1.8
1.8
3.3
1.8
2.5
.0

3.5
4.8
.9
1.9
- 2 .9
.0

3.5
3.6
6.6
3.4
.7
.0

130.6
133.0
123.3
127.5
127.7
103.7

133.3
136.0
126.3
129.8
127.0
103.7

133.7
136.4
127.0
130.2
127.1
103.7

134.1
136.8
127.8
130.5
127.2
103.7

134.5
137.2
128.5
130.9
127.3
103.7

134.9
137.6
129.3
131.3
127.5
103.7

135.2
138.0
130.1
131.7
127.6
103.7

34

1.6

3.1

1.1

1.6

1.4

2.8

2.9

2.7

141.4

143.7

144.0

144.3

144.7

145.0

145.3

35
357
36

5.3
20 .4
7.4

4.7
12.0
5.9

5.6
24.0
8.1

4.8
19.4
8.3

6.5
23.1
12.0

9.2
29 .5
17.0

11.6
36.7
16.5

12.8
39.8
15.5

179.6
352.6
205.8

192.3
427.1
22 4.2

194.3
439.3
227.0

196.2
451.7
229.6

198.1
464.6
232.4

200.1
477.8
235.2

20 2.2
491.3
23 8.0

37
371

2.6
3.3

3.0
4.4

2.4
2.8

3 7 2 -6 ,9
38
39

1.5
4.5
21

1.1
7.6
4.4

1.6
3.2
1.2

.7
3.0
-.2
- 2 .0
.5
1.5

3.2
7.9
6.2
-2 .1
.1
1.4

2.8
7.1
5.7
- 2 .6
.0
1.4

1.1
3.0
1.5
-1 .4
.0
1.4

1.9
1.3
2.2
2.5
.5
1.7

148.2
176.9
161.3
119.9
129.9
144.9

149.4
178.7
163.1
120.5
130.1
146.2

149.6
178.9
163.4
120.8
130.2
146.4

149.9
179.1
163.7
121.1
130.2
146.6

150.2
179.3
164.1
121.4
130.3
146.8

150.4
179.5
164.4
121.7
130.3
147.0

150.7
179.7
164.7
122.0
130.4
147.2

20
22
23
26
2 6 1 -3
27

2.7
2.4
2.2
1.2
2.7
2.4
2.5

4.3
3.0
4.4
2.3
3.9
2.9
3.0

2.0
2.1
1.3
.7
2.2
2.2
2.3

1.3
1.8
2.5
.5
2.3
1.8
-.9

1.9
2.0
3.7
.4
1.4
1.9
.0

1.6
2.1
4.1
3.2
2.0
3.0
-.2

1.7
1.9
2.3
1.1
1.5
2.2
- .6

1.6
1.8
.5
.0
1.0
1.6
-.7

130.0
131.6
130.6
131.0
123.2
119.4
121.6

131.1
133.0
131.4
131.2
123.9
120.6
121.1

131.3 131.5
133.2 133.4
131.5 131.5
131.2 131.2
124.0 124.1
120.7 120.9
121.1 '12 1.0

131.6
133.6
131.6
131.2
124.2
121.1
120.9

131.8
133.8
131.6
131.2
124.3
121.2
120.8

132.0
134.0
131.7
131.2
124.4
121.4
120.8

Chemicals and products
28
Plastics materials
2821
Synthetic fibers
2 8 23,4
Petroleum products
29
Rubber and plastics products
30
Leather and products
31

3.7
6.5
3.9
1.5
5.1
- 3 .2

6.8
12.7
9.7
4.2
8.4
-1 .5

2.5
4.1
1.6
.4
3.8
- 3 .8

2.1
- 1 .6
.8
-.5
3.2
-2 .1

3.0
7.5
1.2
2.1
4.4
- 1 .7

2.0
5.4
- .2
- .5
2.0
- 1 .9

3.6
7.1
1.3
.4
1.6
- 1 .4

3.3
5.8
4.3
1.0
2.9
- 2 .8

140.0
133.3
121.9
113.8
132.8
111.5

142.6
138.1
124.0
114.2
134.7
110.0

143.0
138.7
124.5
114.3
135.0
109.7

143.3
139.4
125.0
114.4
135.4
109.5

143.7
140.0
125.5
114.5
135.7
109.2

144.2
140.7
126.0
114.6
136.1
108.9

144.6
141.3
126.5
114.7
136.4
108.7

10
12
13
138
14

.1
1.3
2.3
- .6
.4
1.1

-.1
.5
2.4
- 1 .0
.8
2.6

.2
1.6
2.3
-.4
.3
.5

- .5
1.6
1.6
- 1 .6
- 6 .7
1.7

.8
- 1 .8
4.5
.0
-.9
1.0

-.6
1.2
- 1 .4
- .9
- 2 .2
1.9

- .3
1.0
1.1
- 1 .0
- 4 .2
1.9

1.6
1.0
1.3
1.6
6.3
2.3

113.7
118.8
123.8
109.2
146.8
126.2

114.3
119.1
124.7
109.6
148.2
127.9

114.4
119.2
124.9
109.8
149.1
128.1

114.6
119.3
125.0
110.0
150.1
128.3

114.8
119.5
125.1
110.1
151.0
128.6

114.9
119.6
125.3
110.3
152.0
128.8

115.1
119.7
125.4
110.5
153.0
129.0

4 9 1 ,3pt
49 2,3pt

2.8
3.9
.3

6.1
7.8
2.3

1.5
2.3
-.5

.8
1.3
.2

1.2
1.0
.4

1.9
2.4
.5

2.1
2.6
.8

1.5
1.7
.5

125.6
124.1
131.8

127.0
125.6
132.3

127.1
125.8
132.3

127.3
125.9
132.4

127.4
126.1
132.4

127.6
126.3
132.5

127.7
126.5
132.6

Primary metals
Iron and steel
R aw steel
Nonferrous
Primary copper
Primary aluminum

Fabricated metal products
Industrial machinery
and equipment
Com puter and office equip.
Electrical machinery
Transportation equipment
Motor vehicles and parts
Autos and light trucks1
Aerospace and misc.
Instruments
Miscellaneous
N o n d u rab le
Foods
Textile mill products
Apparel products
Paper and products
Pulp and paper
Printing and publishing

M in ing
M etaf mining
Coal mining
Oil and gas extraction
Oil and gas well drilling
Stone ana earth minerals
U tilities
Electric
Gas
K-

■ ................ " “ ' 7

o o u n re iio

i v /i

1. Series begins in 1977.




9

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

Feb.

Mar.

Apr.

Mav

June

July

Aug.

Sept.

Oct.

Nov.

Dec.

Q1

Q2

Q3

04

Annual

In dustrial
P ro du ctio n,
P ercen t
C hange*
1985
1986
1987
1988
1989

.4
.6
-.6
.1
.5

.9
-.7
1.2
.3
-.8

.3
- 1 .0
.4
.0
.9

.2
.8
.4
.6
.3

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

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

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

.6
.3
.1
.5
.4

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

-.9
.9
1.3
.3
-.5

.6
.5
.3
.7
.4

.7
.9
.6
.5
.5

3.0
2.0
4.3
3.1
3.8

2.8
- 1 .7
6.7
3.0
.5

.3
.7
5.6
3.8
- 4 .4

1.4
6.5
6.9
3.6
.0

1.6
1.1
4.6
4.4
1.8

1990
1991
1992
1993
1994

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

.5
-.8
.7
.5
.5

.5
<-.9
.8
.1
.7

-.6
.3
.7
.3
.4

.4
.8
.4
-.6
.6

.0
1.2
-.3
.2
.5

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

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

.1
.9
.5
1.0
.1

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

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

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

1.9
- 8 .2
1.1
3.7
6.2

.8
1.3
6.7
.8
6 .7

.9
6.3
2.2
1.7
4.4

- 5 .7
1.1
5.6
5.8
5.6

-.2
- 2 .0
3.2
3.4
5.0

1995
1996
1997

.3
-.4
.1

-.2
1.3
.5

.1
-.5
.4

-.3
.9
.4

.1
.4
.1

.2
.6
.3

.0
.0
.8

.8
.3
.6

.4
.1
.5

-.4
.2
.5

.2
.8

.1
.4

3.9
1.6
4 .4

-.7
6.2
4.3

3.2
3.3
6.6

.8
4.5

3.3
2.8

In dustrial
P ro du ctio n
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
117.8

111.6
113.8
118.4

111.7
113.2
118.8

111.4
114.3
119.3

111.5
114.8
119.5

111.7
115.5
119.9

111.7
115.5
120.8

112.6
115.8
121.5

113.0
116.0
122.1

112.5
116.2
122.7

112.7
117.2

112.8
117.7

111.8
113.1
118.3

111.6
114.8
119.6

112.4
115.8
121.5

112.7
117.0

112.1
115.2

C ap acity
1985
1986
1987
1988
1989

108.7
112.2
113.9
115.3
116.8

109.0
112.3
114.0
115.5
117.0

109.2
112.5
114.1
115.6
117.2

109.5
112.7
114.3
115.7
117.4

109.8
112.8
114.4
115.8
117.6

110.1
113.0
114.5
115.9
117.8

110.4
113.1
114.6
116.0
118.0

110.7
113.3
114.7
116.2
118.2

111.0
113.4
114.8
116.3
118.4

111.3
113.5
115.0
116.4
118.6

111.6
113.7
115.1
116.5
118.8

111.9
113.8
115.2
116.7
119.0

109.0
112.3
114.0
115.5
117.0

109.8
112.8
114.4
115.8
117.6

110.7
113.3
114.7
116.2
118.2

111.6
113.7
115.1
116.5
118.8

110.3
113.0
114.6
116.0
117.9

1990
1991
1992
1993
1994

119.2
121.4
123.3
125.7
128.0

119.3
121.5
123.6
125.8
128.3

119.5
121.7
123.8
126.0
128.6

119.7
121.9
124.0
126.2
128.9

119.9
122.0
124.2
126.4
129.2

120.0
122.2
124.4
126.6
129.5

120.2
122.4
124.6
126.7
129.8

120.4
1225
124.7
126.9
130.1

120.6
122.7
124.9
127.1
130.5

120.8
122.8
125.1
127.3
130.8

121.0
123.0
125.3
127.5
131.1

121.2
123.2
125.5
127.7
131.4

119.3
121.5
123.6
125.8
128.3

119.9
122.0
124.2
126.4
129.2

120.4
122.5
124.7
126.9
130.1

121.0
123.0
125.3
127.5
131.1

120.1
122.3
124.4
126.7
129.7

1995
1996
1997

131.8
136.3
141.3

132.1
136.7
141.8

132.5
137.1
142.2

132.8
137.5
142.7

133.2
137.9
143.2

133.6
138.4
143.6

134.0
138.8
144.1

134.3
139.2
144.6

134.7
139.6
145.0

135.1
140.0
145.5

135.5
140.5

135.9
140.9

132.1
136.7
141.8

133.2
137.9
143.2

134.3
139.2
144.6

135.5
140.5

133.8
138.6

79 .9
79.8
79.1
83.1
85.3

80 .4
79 .2
80.0
83 .3
84.5

80.4
78.2
80.2
83.2
85.1

80.3
78.7
80.5
83.6
85.2

80.3
78.4
80 .7
83.6
84.6

79.9
78.1
81.3
83.5
84.3

79.4
78.2
81.8
84.0
83.3

79.6
78.3
81 .7
84 .3
83.5

79.9
78.2
81.6
84.0
83.2

79.0
78.8
82.6
84.1
82.7

79.2
79.1
82.7
84.6
82.9

79.5
79.7
83.1
85.0
83.2

80.2
79.1
79.8
83.2
85.0

80 .2
78 .4
80.8
83.6
84 .7

79.6
78.2
81.7
84.1
83.3

79.2
79.2
82.8
84.6
82.9

79.8
78.7
81.3
83.9
84.0

1990
1991
1992
1993
1994

82 .6
79 .6
79 .0
81 .4
82 .6

82.9
78.9
79 .4
81.7
82 .8

83.2
78.1
79.9
81.6
83.2

82.6
78.2
80.4
81.7
83.3

82.8
78 .7
80.6
81.2
83.7

82.7
79.5
80.2
81.2
83.9

82.5
79.5
80.6
81.3
84.1

82.5
79.5
80.2
81.0
83.9

82.5
80.1
80.5
81.7
83.7

81.9
79.9
81.0
81.8
84.1

80.7
79.7
81.3
82.1
84.4

80.1
79.1
81.2
82.5
84.9

82.9
78.9
79.5
81.6
82.9

82.7
78.8
80.4
81.4
83.6

82.5
79.7
80.4
81.3
83.9

80.9
79.6
81.2
82.1
84.4

82.3
79.2
80.4
81.6
83.7

1995
1996
1997

84.9
82.4
83 .3

84.5
83 .2
83.5

84.3
82.6
83.6

83.9
83.1
83.6

83.7
83.2
83.5

83.6
83.5
83.5

83.4
83.2
83 .9

83.8
83.2
84.1

83.9
83.1
84.2

83.3
83.0
84 .3

83.2
83.4

83.0
83.5

84.6
82.8
83.5

83.7
83 .3
83.5

83.7
83.2
84.0

83.2
83.3

83.8
83.1

Year

U tilizatio n
1985
1986
1987
1988
1989

1. Quarterly percent changes are at annual rates.




Annual percent changes are calculated from annual averages.

10

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

Feb.

Mar.

Apr.

M ay

June

July

Aug.

Sept.

Oct.

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

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

1995
1996
1997

.4
-.4
.1

-.4
1.3
.6

.1
-.8
.4

-.3
1.1
.3

-.1
.4
.1

.2
.7
.5

-.1
.5
.8

.7
.1
.8

.7
.2
.2

In d u s trial
P ro d u ctio n
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

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

1995
1996
1997

113.3
113.4
119.3

112.9
114.8
120.1

113.1
113.9
120.6

112.7
115.2
120.9

112.6
115.7
121.0

112.9
116.4
121.6

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

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

1995
1996
1997

134.0
139.1
144.9

134.4
139.6
145.3

134.8
140.1
145.8

78 .9
79.1
79.1
82.9
85 .7

79.1
78.6
80.2
83.1
84.5

1990
1991
1992
1993
1994

81.8
78.2
78.1
80.7
81.6

1995
1996
1997

84.6
81.5
82.4

Year

Nov.

Dec.

Q1

Q2

Q3

Q4

Annual

-.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

- 1 .3
-.2
.6
.5
.7

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

2.9
- 9 .7
2.3
4.5
6.3

-.1
1.2
7.3
1.4
8.1

.8
7.8
2.8
1.2
5.0

- 6 .3
1.7
5.1
6.2
6.7

-.5
-2 .4
4.0
3 .7
5.5

- .4
.2
.6

-.1
.8

.1
.6

4.2
1.1
5.3

- 1 .4
6.3
4.1

2.6
5.0
7.2

1.0
4.3

3.5
2 .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

99.1
96.8
100.2
103.0
110.1

99.1
97.8
100.6
104.2
110.3

98.5
97.8
101.4
104.4
111.1

97.2
97.6
102.0
105.0
111.9

96.6
97.1
101.8
105.9
112.9

98.8
95.0
98.0
102.9
106.7

98.8
95.2
99.8
103.2
108.8

99.0
97.0
100.5
103.5
110.2

97.4
97.5
101.7
105.1
111.9

98.5
96.2
100.0
103.7
109.4

112.7
117.0
122.6

113.4
117.2
123.5

114.2
117.4
123.8

113.8
117.6
124.6

113.6
118.5

113.8
119.2

113.1
114.0
120.0

112.7
115.8
121.2

113.4
117.2
123.3

113.7
118.4

113.2
116.3

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

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

135.2
140.5
146.4

135.6
141.0
146.9

136.0
141.5
147.4

136.5
142.0
147.9

136.9
142.5
148.5

137.3
142.9
149.0

137.8
143.4
149.5

138.2
143.9

138.7
144.4

134.4
139.6
145.3

135.6
141.0
146.9

136.9
142.5
148.5

138.2
143.9

136.3
141.7

79 .3
77.8
80.3
82.9
85.0

79.2
78.7
80.6
83.7
84.9

79.4
78.5
80.7
83.5
84.2

78.9
78.1
81.4
83.4
84.1

78.3
78.2
81.8
83.8
83.0

78.8
78.6
81.5
84.0
83.1

78.8
78.4
81.5
84.0
82.7

77.9
78.9
82.5
84.1
82.1

78.5
79.1
82.8
84.8
82.2

78.2
79.9
83.1
85.1
82.2

79.1
78.5
79.9
83 .0
85.1

79.2
78 .5
80 .9
83 .5
84 .4

78.6
78.4
81.6
83.9
82.9

78.2
79.3
82.8
84.7
82.1

78.8
78.7
81.3
83.8
83.6

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

84.0
82.2
82.6

83.9
81.3
82.7

83.4
82.0
82.6

83.0
82.0
82.4

83.0
82.3
82.5

82.6
82.4
82.9

82.9
82.3
83.2

83.2
82.1
83.1

82.6
82.0
83.3

82 .2
8 2 .4

82.0
82.5

84.2
81.7
82.5

83.1
82.1
82.5

82.9
82.3
83.1

82.3
82.3

83.1
82.1

In d u s trial
P ro d u ctio n ,
Percent^
VIIUI I^V

C ap a c ity
1985
1986
1987
1988
1989

U tilizatio n
1985
1986
1987
1988
1989

1. Quarterly percent changes are at annual rates.




1.1
.4
.5
1.0
.4 ’

Annual percent changes are calculated from annual averages.

11

Table 6
INDUSTRIAL PRODUCTION: INDUSTRY SUBTOTALS AND INDIVIDUAL SERIES
Index. 1992 STOP
1996
IP
SIC

Item

10

Stone and earth minerals
Foods
M eat products
Beef
Pork
Poultry
Miscellaneous meats
Dairy products
Butter
Cheess
Concentrated milk
Frozen desserts
Milk and misc. dairy products
C anned and frozen food
Grain mill products
B akery products
Sugar and confectionery
Fats and oils
Beverages
B eer and ale
Soft drinks
Coffee and miscellaneous
Roasted coffee

Tobacco products

Loqqing and lumber
Logging
Lum ber products
Millwork and plywood
Plywood
Manufactured homes

105.7
119.9
103.7
112.0

105.2
120.2
103.1
107.2

109.8

109.3

103.9

109.9

106.9

104.3

111.6

112.5

103.9
96.4
86.9
109.5
109.9
147.3

103.3
96.8
87.8

103.5
96.4
87.5
108.6
108.6
143.6

103.9
95.6
86.7
107.9
109.5
150.4

103.4
95.3
86.4
107.4
110.4
148.9

103.3
94.6
85.8
106.7
110.2
151.3

104.0
95 .3
86.9

109.8
141.7

103.3
96.6
88.7
107.6
109.9
140.8

110.8
152.2

123.3

122.1

121.2

133.1

141.0

137.2

144.3

142.9
116.4
113.7
111.1
104.0
123.7
90.8
97.0
63.2
111.7
79.7
95.9
99.8

114.1

132
138

3.71
2.84
1.52
1.32
.22
.64

104.5
96.1
88.7
106.3
108.7
152.5

105.0
96.4
87.2
109.1
107.8
154.2

105.8
96.0
86.8
108.7
109.1
161.4

14

.60

122.3

121.3

123.7

119.8

202
2021
2022
2023
2024
2026

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

108.3
112.6
111.4
96.1
126.6
92.5
100.2
80.8
108.7
91.5
98.7
101.6

108.1
113.9
113.1
95.1
128.9
93.9
100.6
76 .0
109.5
93.1
97 .8
101.6

107.9
112.4
108.8
100.5
125.7
93.1
102.2
76.4
111.8
95.7
99.0
102.7

108.8
114.3
112.0
102.9
126.0
91.8
103.0
80.6
113.3
100.8
94.4
103.0

108.4
114.5
112.8
100.6
127.5
89.9
102.5
77.1
112.0
98.9
94.1
103.6

108.1
110.8
106.0
103.5
122.3
92.5
102.9
78.6
111.3
100.8
96.3
102.9

104.6
113.8
109.5
101.0
128.0
92.7
107.9
94.1
109.9
109.6
108.1
106.6

106.0
112.6
112.1
91.2
128.5
89.0
109.4
80.8
113.2
112.0
110.9
106.8

110.2
116.1
116.3
95.6
130.7
91.3
110.9
68.3
114.6
107.5
126.7
106.2

111.2
110.7
113.2
90.7
122.4
83.4
104.7
62.9
108.7
97.8
117.7
102.7

115.4
117.0
118.6
96.4
130.2
85.5
99.4
57.4
106.2
84.5
110.2
100.8

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

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

106.8
108.5
102.6
114.4
98.1
112.1
105.8
116.8
110.2
103.4

105.5
108.7
102.3
112.7
96.9
111.4
105.5
116.2
110.8
104.8

106.7
108.0
102.1
111.2
97.0
111.4
109.8
113.6
109.8
95.7

108.0
109.8
104.8
107.1
95.9
111.0
105.7
115.6
111.4
99.0

105.9
107.0
103.9
110.5
96.4
112.4

104.2
108.6
103.3
112.8
96.8
112.6

104.3
106.6
107.0
99.5
93.5
120.4
122.7
121.5
111.7
85.7

110.4
108.4
114.2
95.5
87.8
120.6
116.5
130.0
118.1
90.5

128.5
112.8
115.8
120.3
94.6
120.7

118.6
111.4

99.0
106.2
99 .7
96.9
93 .5
113.8
117.7
113.9
106.0
97 .2

124.0
109.2
115.5
107.9
91.1
123.7

116.6
110.8
100.2

96.4
105.7
96.4
98.8
98.9
111.6
115.9
109.6
102.0
93.0

133.5
120.1
96.0

136.8
121.5

1.16

105.5

104.2

101.8

103.3

104.8

104.7

108.6

100.3

113.4

88.5

115.6

107.8

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

108.6
111.3
113.4
116.7
111.9
113.6
99.1
96.2
112.1
102.5

107.3
103.4
103.1
115.4
113.8
116.5
92.7
102.6
112.4
102.3

108.9
105.3
105.3
113.4
111.9
114.7
96.8
108.0
114.7
106.4

111.3
112.4
113.0
115.4
114.5
118.3
103.0
96.1
117.2
110.4

110.2
105.1
103.7
114.0
113.6
117.2
94.0
111.9
117.5
109.2

111.3
109.0

110.7
109.3
108.6
116.5
118.7
119.9
98 .3
95.4
115.4
108.7

115.5
106.9
105.7
118.0
126.3
127.0
96.5
118.6
118.4
110.8

107.2
101.4
100.8
109.0
116.2
123.4
93.4
101.7
111.3
102.0

114.1
107.2
107.7
116.1
122.2
134.3
98.0
111.8
119.6
113.0

114.0
106.5

113.8
114.1
118.1
96.0
105.4
119.4
114.0

113.3
115.9
117.2
115.7
112.1
108.0
104.0
114.7
115.1
108.6

116.6
123.4
132.9
95 .2
107.3
121.9
116.0

23

1.80

96.1

96.4

96.4

96.5

95.7

96.0

94.5

96.3

98.5

94.6

98.9

99.3

24
241,2
241
2 4 3 -5 ,9
243
24 35,6
245

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

113.6
103.2
95.3
121.5
114.4
101.1
168.0

114.0
103.1
94.2
122.1
114.3
101.1
166.4

114.6
104.8
93.1
121.9
114.8
103.3
163.1

113.4
101.8
93.0
122.2
115.3
102.0
166.3

113.1
103.1
91.4
120.5
112.6
96.9
164.4

112.9
103.4
92.7
120.1
113.8
98.8
161.2

114.0
102.0
86.4
123.0
113.5
102.0
176.2

112.6
99.6
90.0
122.2
115.4
103.0
170.2

118.2
108.6
95.7
125.4
117.8
105.3
176.5

111.8
101.3
97.7
119.6
115.9
98.8
150.8

117.1
107.3
101.1
124.6
117.0
100.4
179.2

117.6
109.5
101.9
123.7
117.4
102.5
170.9

20
201

21

22
2 2 1 -4
Fabrics
221,2
Cotton and synthetic
224
Narrow fabrics
225
Knit qoods
Knit garments
2 2 5 3 ,4 ,7 -9
Fabric finishing
226
227
Carpeting
Yarns and miscellaneous
228,9
Cotton and synthetic yarns 2281,2,4

Lumber and products

SeDt.r

104.4
107.6
104.2
112.5

107.4

104.8
97.0
87.9
109.5
109.9
149.8

Textile mill products

Apparel products

A ua.r

110.6
115.8
110.1
123.6

115.9

104.1

13

Julvr

104.8
114.0
103.7
105.9

Aua.r
104.5
114.5
103.1
109.4

.87

131

June

102.7
103.0
102.9
107.3

Julvr
103.4
102.0
103.8
109.9

12

Crude o il and natural gas
Crude oil, total
Natural gas
Natural gas liquids
Oil and gas well drilling

M av

102.9
113.7
101.4
105.5

June
107.4
110.7
107.1
119.8

.42
.06
.36
.12

Oil and gas extraction

SeDt.r

Mav
104.2
108.9
103.6
108.4

101
1 0 2 -4 ,8 ,9
102

Coal mining

Not seasonally adjusted
1997
Aor.

1997
ADr.
103.5
109.0
102.9
106.4

Metal mining
Iron ore
”
Nonferrous ores
Copper

P ro D o r tio n

Seasonally adjusted

.

1. Th e 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
Index. "1SS2~T<5<3
Item
Furniture and fixtures
Household furniture

SIC

1996
IP
ProDortion1

25
251

Not seasonally adjusted

Seasonally adjusted
1997
Aor.

Mav

June

1.30
.60

112.7
112.6

113.9
114.6

114.5
116.2

3.29

112.2

112.8

111.7

1997
ADr.

Mav

112.5
112.4

110.3
111.9

110.7
111.2

115.4 110.9
115.5 105.1

113.5

114.4

110.8

Julvr Aua.r SeDt.r
112.4 110.6
112.1 109.5

June

Julvr Aua.r SeDt.r
118.6
115.4

118.9
117.7

261
262
263
265,7
265
267

.09
.76
.46
1.97
.73
1.24

102.4
110.9
115.0
112.6
115.5
111.1

99.7
99.6 101.7 104.8 103.4 104.2
111.5 109.2 112.7 111.2 110.2 110.9
115.4 114.6 120.5 123.7 122.6 116.8
113.6 112.7 115.1 113.5 113.3 115.8
116.2 120.6 117.3 118.5 119.9 122.9
112.2 108.3 113.9 110.8 109.8 111.7

98.6
109.2
116.7
110.8
111.7
110.1

113.2 112.7 115.2 113.5
1123 1 1 0 7 !15_3 1 1 3 4
101.0 104.2 104.3 102.8
110.1 110.1 112.2 109.7
118.8 119.3 123.2 122.5
113.8 112.8 115.2 113.6
122.5 116.2 120.3 120.5
108.9 110 ( 112.2 109.6

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

6.44
1.41
1.91
3.12

99.6
86.6
101.2
105.7

99.8
86.0
101.9
105.8

99.7 100.2 99.5 100.1
86.9 87.9
87.9 87.9
103.4 103.7 103.5 103.7
104.2 104.5 103.1 104.4

97.4
88.5
103.5
98.2

96.8
84.2
102.0
100.2

101.6 104.7 106.3 106.2
87.0
87.8 86.2 84.3
102.6 103.5 104.5 103.9
108.3 115.5 119.4 118.1

28

10.17

113.3

112.7

112.3

112.4

111.9

112.9

111.7

111.7

115.7

281,2,6
281
2812
2816
2819

4.06
.80
.06
.09
.51
.35

109.2
93.0
116.3
103.6
86.0
101.2

106.7
90.4
112.4
96.1
84.0
99 0

106.2
90.4
116.2
95.6
84.0
98.8

107.3
89.0
118.4
108.4
79.6
95.1

106.0 107.0
87.8 89.1
116.8 118.4
96.2 102.4
79.6 80.3
94.8 94.5

111.9
93.5
114.7
110.0
85.6
99.9

107.2
90.2
110.6
98.4
83.4
95 6

107.5 106.5
86.6
92.0
117.3 118.4
100.3 105.9
76.7
85.5
101.5 92.6

105.9 108.2
88.3 91.2
119.4 118.8
94.9 101.5
79.9 82.9
96 7 99 9

282
2821
2823,4
286

1.42
.90
.38
1.84

124.7
128.2
117.3
107.0

120.1
127.7
103.2
105.8

119.3 125.1
127.6 131.5
102.8 114.5
105.3 104.5

121.9 124.2 130.4 121.5
129.4
134.3 128.7
106.8 112.1 120.1 104.5
104.4 104.4 108.7 106.2

122.2 122.7
129.6 129.1
106.7 111.7
105.4 105.7

120.1 124.5
126.7
106.0 112.5
105.0 105.8

283-5,9
283
284
285
287

5.50
3.05
1.36
.50
.61

117.1
123.2
105.1
119.9
104.2

117.8
125.1
103.5
119.2
106.4

117.5 116.8
122.6 121.4
106.5 106.1
118.4 118.5
105.9 106.2

116.8 117.9 111.6 115.5
122.2 123.0 114.8 121.4
104.8 105.8
99.8
99.9
119.0 119.5 128.6 128.4
106.2 106.9 107.4 106.6

123.2 126.2
129.9 133.7
108.8 113.3
134.0 123.4
103.5 102.9

127.2 128.6
134.9 137.5
114.0 114.9
125.2 122.3
103.5 106.2

Petroleum products
29
Petroleum refining and misc.
291,9
Miscellaneous petroleum products
Distillate fuel oil
Residual fuel oil
Aviation fuel and kerosene
Automotive gasoline
Paving and roofing materials
295

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

110.7 112.1
109.4 111.0
113.4 115.8
111.8 118.6
70.2
69.1
112.3 111.4
109.4 109.3
119.6 119.1

111.3
110.5
109.2
117.8
84.4
114.1
109.5
116.2

116.0
114.6
124.8
118.3
81.4
112.6
111.8
125.6

114.6
112.9
123.9
115.3
72.1
114.2
110.3
126.9

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

3.78
.35
.62
2.81

122.3
109.1
115.6
125.7

123.4
113.7
113.3
127.2

124.0 124.2 126.5 126.3
123.1 123.5 129.5 124.7
115.8 117.2 118.4 119.0
126.1 126.0 128.2 128.3

31
314

.20
.09

78.8
79.0

77.0
78.5

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

2.12
.30
.13
.17
.10
1.26

113.8
95.5
72.8
113.8
132.0
116.4

112.8
93.3
71.4
113.4
130.8
116.0

Paper and products
r u i n siiiii uniir-i

Wood pulp
Paper
Paperboard
Paper products
Paperboard containers
Converted paper products

Chemicals and products
Industrial chemicals and
synthetic materials
Basic chemicals
Alkalies and chlorine
Inorganic pigments
Inorganic chemicals, nec
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

26

*

1 on

a

444

A

444 O

r\

o

75.6
75.9

114.8

•H A

4

114.0
■i AA

Q

i m

liO Q

11 n «

108.7 110.1 110.8 107.6 113.6
107.8 109.5 110.2 107.0 112.4
107.8 108.4 109.9 111.4 121.5
113.1 115.7 112.6 110.7 118.6
72.9 77.0
69.1
69.2
74.8
113.3 114.8 114.0 106.2 107.6
107.3 109.7 111.2 107.1 110.5
114.7 111.7 113.3 110.0 121.4

75.3
75.0

73.2
74.2

72.8
73.5

113.5 114.0 113.7
92.9 95.1
94.5
72.8 73.7 75.4
112.4 116.7 112.6
129.9 126.5 122.3
117.9 117.3 117.6

113.7
98.7
79.8

122*8 123.2
118.2 114.0
112.4 113.6
126.0 126.8
78.5
77.6

77.0
78.2

113.7 114.0
96.9
95.7
76.7
75.2
116.9 125.7
119.5 133.5 135.6
116.7 115.7 115.5




113.5
111.8
123.7
113.1
72.3
115.9
108.7
125.4

117.0

118.9

116.0
114.3
122.6
116.1
76.7
114.5
113.1
127.9

126.2 120.4 127.6 127.8
127.4 106.3 130.7 123.8
120.0 118.3 125.1 124.3
127.6 122.7 128.0 129.2
77.7
78.2

71.3
71.6

74.7
75.9

74.7
74.7

117.5 115.0 118.3 117.7
96.8 97.1
97.8 98.6
78.7 77.5 78.0 76.9
136.5 133.3 137.9
138.5 121.4 129.6 124.1
119.2 116.4 119.5 119.5

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

13

116.7

Table 6 (continued)
INDUSTRIAL PRODUCTION: INDUSTRY SUBTOTALS AND INDIVIDUAL SERIES
Index. 1992= 100'
1996
IP
SIC ProDortion1

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

33
331,2
331

332

Seasonally adiusted

Not seasonally adiusted

Aor.

Mav

June

Julvr

Aua.r SeDt.r

1997
ADr.

3.52
1.88
1.46
.30
.17
.09

120.2
119.3
121.1
107.4
105.8
115.5

123.4
123.6
127.5
109.5
109.2
115.8

123.1
120.3
122.8
107.4
105.8
115.1

123.4
120.9
124.3
105.8
102.8
115.4

123.7
119.6
123.4
106.2
103.0
116.3

124.8
122.9
126.8
110.8
109.7
119.0

124.6
124.9
127.3
108.0
104.6
119.1

124.2
124.1
128.1
108.3
106.9
115.7

123.6 117.7 121.1 126.6
121.4 116.4 116.2 125.0
124.3 120.2 120.3 128.5
107.0 103.3 104.0 110.0
104.9 100.8 101.3 108.5
115.1 110.6 112.2 118.1

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

125.1
121.4
127.9
148.1
113.3
122.8
113.2

132.9 127.4
132.1 125.0
138.6 134.4
157.3 148.8
110.2 108.8
129.9 124.8
110.6 112.1

129.8
131.8
129.7
147.6
104.9
128.5
109.6

128.5
127.0
129.6
147.2
109.9
127.4
106.9

131.5 133.0
136.8 139.4
130.8 134.8
149.3 149.7
114.7 113.0
128.8 129.6
110.5 116.7

133.9
140.9
136.8
158.1
115.1
128.6
111.2

129.4
128.1
133.8
154.2
111.7
125.8
111.9

125.2 125.2
102.9 122.5
122.5 122.3
150.1 148.0
103.0 109.6
128.7 123.4
104.0 102.8

121.3
106.7
120.3
89.5

123.1 126.2
105.2 108.4
114.7 121.3
88.9
89.5

126.2
107.8
126.6
89.1

128.5
109.1
125.7
89.5

126.9
103.5
124.7
89.1

124.2
106.9
119.5
89.2

124.2
106.1
116.4
88.9

126.1
105.7
118.1
89.4

119.2 126.7 128.3
104.2 106.6 103.5
119.5 126.3 125.6
89.2
88.8
88.6

1997

Mav

June

Julvr Aua.r Sent/

133.9
139.3
131.0
154.6
115.0
130.8
113.7

Nonferrous metals
Primary nonferrous metals
Copper
Aluminum

333-6,9
333
3331
3334

1.64
.24
.08
.10

Nonferrous products
Nonferrous mill products
Aluminum
Nonferrous foundries

335,6
335
3353-5
336

1.12
.84
.29
.28

122.1
117.3
96.9
137.9

124,2
120.0
101.8
138.1

127.0
123.9
110.4
137.3

127.1
124.6
109.0
135.6

129.5
126.0
111.3
140.8

129.1
125.6
112.1
140.6

125.7 125.7
122.0 122.2
108.8 104.3
138.0 137.4

127.7 119.3
124.4 116.7
111.2 102.3
138.2 127.9

128.3
125.3
109.8
138.2

130.5
127.0
112.5
142.0

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

5.28
.16
.54
.47
1.47
. 2.91
1.67

120.8
93.4
119.4
119.3
128.2
120.8
127.9

121.1
89.8
119.9
119.7
127.8
121.2
128.0

120.8
89.6
118.4
116.8
127.0
121.7
128.4

121.1
92.2
120.9
119.6
126.7
121.9
129.1

121.7
88.8
119.6
118.0
127.9
123.1
130.0

121.9
89.9
120.3
118.8
128.3
122.7
128.6

118.3 119.8
91.5
99.6
116.6 118.5
116.3 118.2
125.0 126.5
119.7 120.7
126.4 127.4

122.9
106.1
121.3
120.2
128.5
123.3
131.1

120.1
100.5
122.7
122.8
127.6
119.1
126.8

124.9
106.3
126.0
125.4
130.4
124.4
133.1

126.7
93.9
127.4
126.8
131.4
126.3
134.6

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

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

171.3 170.5 172.2 176.6 181.2 180.4 170.2 170.3
120.9 123.9 121.9 120.9 120.4 122.9 118.8 120.9
153.9 147.0 150.1 153.6 156.2 146.0 166.3 155.7
163.8 160.1 160.4 160.5 175.2 164.4 168.1 164.2
124.9 124.4 123.1 128.5 130.1 129.3 121.0 122.3
136.5 136.2 136.3 136.9 137.4 138.0 135.4 135.2
117.4 116.9 116.5 120.2 119.7 120.9 115.2 115.8
118.1 117.1 114.8 114.9 118.7 118.6 117.4 116.0
117.2 116.9 117.2 122.5 120.1 122.0 114.2 115.7
363.8 371.8 383.9 400.4 416.4 428.4 346.6 364.7
134.8 127.1 130.5 128.3 134.9 125.8 149.7 133.6
136.6 124.6 130.2 126.0 135.8 123.7 158.6 134.5
140.6 138.9 137.6 144.0 143.5 145.9 136.2 136.9

178.0
120.8
153.6
169.5
126.1
136.3
118.9
114.9
120.6
398.9
140.7
144.8
141.6

176.7
118.6
113.2
141.0
133.5
132.8
121.0
111.0
125.3
434.3
121.7
118.8
151.1

183.7
117.1
143.8
162.9
140.4
135.1
125.2
116.2
129.2
435.6
122.2
117.0
154.4

187.6
123.4
146.3
168.4
139.1
138.4
127.4
119.2
131.0
447.1
125.1
122.0
156.6

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

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

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

176.7
109.4
104.2
125.3
117.1
127.6
143.8
120.6
109.8
137.4

183.1
112.9
109.1
136.6
135.7
141.4
157.3
126.0
113.2
149.6

182.8
113.9
110.3
122.0
133.0
122.5
129.5
113.6
102.4
122.3

188.4
114.3
115.4
126.0
141.1
126.9
122.6
120.2
109.0
133.5

193.1
113.3
115.9
127.3
132.9
124.8
128.9
125.4
114.0
143.9

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

85.2
94.9
92.4 100.1
92.9
96.7 91.8
91.4
124.4 124.4 128.5 129.8 129.0 131.9 123.9 123.1
300.2 304.7 312.6 324.9 331.8 336.0 299.1 302.8
308.1 312.8 321.2 333.3 340.9 345.4 307.0 310.8
127.7 128.5 125.3 125.4 129.2 127.7 124.8 123.2
119.1 121.6 111.0 105.2 116.6 106.5 101.7 98.1

37
371

3714
3716

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

110.6
125.3
105.0
138.2
138.6
146.1
132.4
133.0
114.0

110.2
123.7
106.5
142.5
142.0
150.5
134.6
125.7
113.7

112.4
127.1
103.9
146.8
147.0
159.5
134.4
133.1
112.6

112.6
126.7
106.8
130.4
129.8
135.8
125.5
139.1
100.6

116.9
134.6
112.6
154.2
153.6
165.8
141.6
140.0
113.2

118.2
136.6
113.2
156.6
156.7
171.7
141.0
142.1
134.9

Aerospace and miscellaneous
transportation equipment
372-6,9
372
Aircraft and parts
Ships and boats
373
Railroad and miscellaneous 374-6,9

3.62
2.30
.38
.94

95.5
97.5
85.3
92.6

96.4
98.6
85.9
93.0

97.4
99.7
84.7
94.5

98.3
101.6
83.5
93.6

99.1
102.7
81.3
94.9

99.9
104.2
31.8
94.0

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

178.1
107.6
104.7
126.7
129.0
129.4
137.9
120.2
109.2
138.0

181.7
109.8
106.9
133.3
140.1
126.5
152.6
125.4
113.2
147.7

185.9
109.3
105.2
129.1
142.3
121.6
146.3
119.3
105.6
138.8

188.2
107.6
104.5
134.2
147.3
140.2
143.3
122.2
109.3
143.7

188.7 175.5 176.4
106.8 106.7 106.6
98.5 101.5
105.9
121.7 131.6 126.8
128.7 120.4 129.6
114.6 139.9 138.6
123.4 160.5 136.5
121.8 120.6 116.4
106.9 104.3 107.5
144.6 144.1 135.1

118.2 115.8
140.2 134.8
122.7 119.1
160.6 154.2
161.9 154.5
167.1 161.2
154.6 145.2
141.2 135.8
139.1 111.9
96.5
98.4
86.4
93.5

96.9
99.4
85.7
93.1

91.3 82.1 102.5 105.6
126.3 127.8 128.4 132.7
314.3 318.4 329.4 338.6
323.1 326.9 337.3 347.6
126.2 119.8 129.2 134.8
113.6 101.1 120.6 139.8
118.0 94.6
138.2 90.1
113.5 73.0
157.0 94.0
157.7 91.8
167.8 88.5
143.6 95.9
146.0 99.1
110.7 102.4

117.0
136.7
113.2
153.4
153.0
159.9
143.2
144.9
109.9

118.2
137.0
111.9
163.6
163.6
176.2
146.2
140.4
129.7

96.6
100.0
81.5
92.0

97.4
100.6
81.1
93.5

99.3
103.3
81.9
93.9

98.0
100.6
84.5
94.7

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




14

Table 6 (continued)
INDUSTRIAL P ROD UCTIO N: INDUSTRY S U B TO TA L S AND INDIVIDUAL SERIES
Index. 1992 = 106
Seasonallv adjusted

1996
IP
SIC ProDortion1

Item

1997
Aor.

Mav

June

Julvr

Not seasonallv adjusted

Aua.r SeDt.r

1997
ADr.

Mav

June

Julvr

Aua.r SeDt.r

38
381-4
384

4.72
3.77
1.45

104.4
101.0
108.5

105.2
101.7
108.4

105.9
102.1
109.2

105.9
102.1
109.7

107.0
103.0
111.1

106.1
101.9
109.0

103.1
99.4
103.6

103.6
99.6
104.4

107.3
103.8
114.3

107.3
104.2
119.1

109.2
106.0
121.4

109.4
105.8
119.7

Misc. manufactures
Consumer goods
Business supplies

39
391,3,4,6
395,9

1.29
.62
.67

116.9
109.3
124.5

117.0
109.2
124.8

117.5
108.5
126.5

118.9
110.9
126.8

118.4
108.8
128.1

117.8
108.2
127.4

116.0
108.9
123.1

116.3
108.3
124.3

117.8
107.9
127.8

113.7
103.2
124.3

118.8
108.3
129.4

120.6
110.8
130.4

Electric utilities
Generation
Fossil fuel
Hydro and nuclear

491,3pt

6.26
2.42
.91
1.51

i i3.o
113.0
110.9
115.1

i 10.5

113.4
111.9

108.5
110.0

111.1
111.4
108.7
114.0

112.6
112.5

112.G
112 .2
108.4
115.5

3.84
1.64
2.21
1.32
.89

114.2
115.4
113.4
117.8
107.4

111.6
111.6
111.7
115.4
106.7

111.1
109.4
112.3
116.2
107.2

114.4
115.7
113.6
118.7
106.7

112.9
114.5
111.9
115.7
106.8

116.7

1.81
.80
.35
.48

113.2
109.3
118.0
112.2

119.0
116.5
126.4
115.3

113.5
107.4
119.8
114.4

112.5
105.8
111.2
117.2

112.4

112.0

Instruments
Scientific and medical
Medical instruments

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

492,3pt

108.9

i or. a

117.3

<
1r\ i c
IV l.wt

1 00 t?
I VC..U

* * a -y
1 1”T. 1

1 'IU 1

117.2

103.4
97.7
107.7

105.3
99.5
109.8

117.8

114.4
120.7

124.1
132.1
120.3

126.6
119.1

100.4
93.1
105.7
106.5
104.6

101.0
90.6
108.4
109.2
107.3

112.9
107.0
117.1
121.7
110.8

130.9
139.9
124.4
135.0
110.0

129.3
136.8
124.0
131.7
113.5

122.9

112.6
111.4
118.7
110.5

86.6
73.7
87.4
97.4

65.1
41.5
63.0
87.0

64.1
34.0
58.3
93.9

62.6

61.4

118.2

121.3

114.2

124.5

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 adjusted
1996
Item
Q2
1992
1996

Q3

Q4

1997
Q1

Q2

Q3r

1997
May

Sept/

Oct.P

2001.9 2261.9 2259.7 2274.1

2291.8 2315.2 2333.6 2361.6 2337.5 2338.5 2339.6 2371.0 2374.1

2386.2

1552.1

1766.0 1765.9

1776.0

1787.9 1808.9 1824.9 1852.6

1827.8 1830.4

1832.4 1863.2

1862.4 1874.5

Consumer goods
Durable
Automotive products
Other durable goods
Nondurable

1049.6
238.3
123.8
114.4
811.3

1166.0
302.7
157.6
145.1
863.9

1167.4
307.1
160.5
146.6
861.4

1166.7
309.3
163.2
146.1
858.5

1176.4
303.1
157.0
146.1
873.3

1179.6
310.2
164.1
146.1
870.2

1183.8
306.0
157.4
148.5
878.0

1193.0
313.4
162.9
150.5
880.4

1187.3
306.0
157.5
148.4
881.4

1184.6
310.5
160.0
150.5
874.9

1182.6
303.2
152.4
150.8
879.0

1197.6
318.7
166.9
151.8
880.5

1198.6
318.3
169.3
149.1
881.7

1206.9
319.8
170.0
149.9
888.3

Equipment, total
Business and defense
Business
Defense and space

502.5
483.9
399.2
84.7

599.2
573.9
509.1
64.9

597.7
571.3
505.9
65.4

608.6
583.0
517.7
65.4

610.7
585.7
521.4
64.4

628.6
600.8
537.6
63.3

640.5
610.3
546.8
63.6

659.3
630.8
567.6
63.4

639.9
609.9
546.5
63.6

645.1
614.4
550.6
64.0

649.3
620.1
557.3
63.0

665.2
636.6
573.1
63.7

663.3
635.7
572.5
63.5

667.2
639.9
576.5
63.7

449.9
177.2
272.7
70.4

496.4
206.0
290.2
80.3

494.4
205.3
288.9
60.5

498.7
209.6
288.9
79.3

504.3
209.3
294.7
81.6

507.0
211.1
295.6
80.5

509.5
212.8
296.4
82.6

510.3
213.0
297.1
81.7

510.5
213.2
297.1
83.0

509.1
213.3
295.6
81.8

508.2
211.4
296.6
81.4

509.6
213.8
295.5
80.7

513.1
213.8
299.1
83.0

513.4
213.0
300.2
83.3

Products, total
Final products

Intermediate products
Construction supplies
Business supplies
Commercial energy products

June

Julyr

Aug.r

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

Jan.

Feb.

Mar.

Apr.

Mav

June

July

Auq.

Sept.

Oct.

Nov.

Dec.

55.3
34.5
45.5

47.7
65.5
61.4

50.0
54.2
54.7

43.2
52.7
51.9

47.7
58.0
50.6

50.4
64.8
51.9

52.7
51.5
55.1

58.7
53.4
54.2

54.9
50.8
54.0

44.7
55.3

47.3
56.8

47.7
57.4

64.0
41.3
56.4

58.7
50.0
59.5

49.6
53.8
56.1

43.6
68.9
59.5

43.2
59.1
54.2

47.3
63.8
53.2

48.5
56.4
53.8

52.7
61.0
60.8

58.0
53.0
58.7

51.9
57.2

48.5
52.3

45.1
56.4

62.1
47.3
56.1

62.9
49.6
61.0

64.4
49.6
63.3

54.9
54.2
61.7

51.1
59.5
59.3

44.3
67.0
56.1

44.3
63.6
62.1

46.2
60.6
61.2

51.1
61.0
58.3

47.3
60.2

50.8
60.2

53.0
58.0

the percentage that were unchanged.




15

Table 9
E LE C TR IC POW ER U SE: M ANUFACTURING AND MINING
Index. 1992 = 100

M A JO R IN D USTR Y G R O U P S
Manufacturing
.
Durable
Nondurable
Mining
IN D U S TR Y G R O U P S and SER IES
Metal mining
10

June
106.3

Julvr
106.4

105.5

854.0
365.8
488.3
80.1

107.5
106.8
108.0
102.4

106.8
106.0
107.4
101.3

106.6
106.6
106.6
102.3

106.6
107.8
105.8
102.3

I
I

Mav
106.4

Not seasonallv adiusted
Seot.P
106.4

1997
Aor.
105.8

Mav
106.2

June
108.3

Julvr
107.3

Aua.r SeDt.P
109.4 110.2

105.8
106.8
104.9
102.5

106.6
107.8
105.7
103.1

106.0
105.7
106.2
102.9

106.6
105.9
107.1
101.5

108.7
108.6
108.8
101.8

107.9
107.9
108.0
98.7

110.1
110.1
110.1
100.8

110.7
110.9
110.5
102.7

Q

1987 SIC

Total

1997
Aor.
107.1

>
C

Item

Seasonallv adiusted

1992
Billion
KWH
934.1

Iron ore
Copper ore

101
102

18.6
7.3
6.6

111.7
117.4
113.9

112.9
116.4
117.1

111.1
114.1
114.1

113.6
115.9
117.4

115.7
120.1
119.0

112.6
112.3
119.2

111.8
118.7
112.6

113.8
118.6
115.9

109.9
110.8
114.7

113.0
115.6
117.0

115.1
117.4
120.2

113.4
113.3
120.6

Coal mining

12

12.7

98.5

97.0

99.3

98.7

97.7

99.7

101.4

94.8

93.8

81.8

90.1

94.2

13

Crude oil and natural gas
Natural gas liquids

131
132

36.0
31.0
3.6

94.8
94.4
92.1

92.2
92.0
89.3

93.8
93.6
89.0

92.9
92.6
87.5

92.1
91.1
95.7

96.0
95.9
91.1

94.2
94.1
90.6

92.0
92.1
89.0

95.3
94.9
92.0

92.8
92.1
90.1

91.5
89.8
95.2

95.6
95.1
92.1

Stone and earth minerals

14
142
144
147

12.8
3.5
2.7
4.7

110.8
148.0
106.6
99.7

110.1
146.2
105.9
98.4

112.8
146.0
110.7
102.9

111.6
147.6
113.3
98.1

112.6
151.5
110.6
99.9

109.2
148.1
111.3
92.9

111.4
144.1
104.6
102.2

113.7
156.6
111.6
99.7

115.0
155.9
115.7
102.2

112.4
155.4
118.5
96.6

114.8
163.9
118.0
98.2

113.9
161.5
119.2
94.9

20
201
202
203
204
205
206
207
208
209

58.8
10.3
6.8
8.1
11.4
3.5
4.0
3.9
6.1
4.7

115.6
125.0
107.6
113.8
124.3
108.6
114.6
110.8
101.2
119.8

114.1
123.2
106.4
112.5
121.1
108.5
112.7
110.8
100.6
119.0

114.4
121.6
105.4
113.9
124.7
107.8
114.5
112.6
98.3
119.7

115.3
124.5
103.5
116.3
122.6
112.2
115.1
113.9
99.8
120.8

114.7
125.7
105.9
113.0
123.1
109.6
113.1
103.1
100.7
119.6

113.7
125.2
104.6
109.9
121.5
108.2
109.3
107.2
102.2
118.9

108.7
117.8
103.8
102.5
121.9
102.0
97.2
108.9
94.8
111.5

110.6
119.8
105.5
105.4
121.5
105.7
99.0
106.0
98.5
114.8

116.6
127.6
113.3
111.1
121.7
112.9
106.2
109.0
105.0
124.4

121.2
134.9
114.6
118.8
121.1
122.4
109.4
104.3
112.2
131.5

124.7
138.2
116.2
132.4
124.2
121.8
110.1
100.0
115.2
132.7

125.6
138.3
113.9
135.5
125.6
121.4
109.6
104.2
117.9
133.0

21

1.5

95.7

96.1

97.2

96.9

97.4

104.1

92.1

91.3

98.8

99.6

107.0

115.7

22
221-4
225
226
228
229

31.5
11.8
4.1
2.5
8.3
3.4

108.0
101.8
108.3
128.3
108.6
118.1

106.6
100.5
111.1
122.9
107.1
115.9

106.0
98.1
109.4
123.7
104.7
120.3

112.4
104.4
113.3
128.5
105.6
127.0

106.0
104.4
110.4
120.0
100.4
118.6

111.8
106.5
112.0
122.5
108.6
125.5

105.2
98.9
103.0
127.8
105.8
116.4

109.9
103.7
114.4
124.7
111.1
118.8

114.9
106.5
121.2
130.2
114.4
128.1

111.0
105.0
118.9
119.9
105.0
125.4

121.4
117.7
127.2
126.6
115.1
132.7

123.2
117.4
126.7
131.4
120.7
135.0

23

8.2
2.0
2.5

101.6
92.8
97.4

101.0
92.5
91.0

98.7
92.2
87.8

103.6
95.3
92.1

100.2
90.3
90.6

100.6
91.5
90.6

93.5
84.7
89.0

98.5
90.9
89.0

106.6
102.5
95.9

113.2
106.7
101.6

118.7
111.9
109.8

116.8
110.4
106.8

19.8
7.7
5.6

123.3
114.3
134.9

122.5
112.6
137.1

124.6
114.2
139.9

127.0
119.7
143.0

124.1
115.2
141.0

124.9
116.7
142.5

124.6
116.3
136.7

121.3
112.8
134.9

123.8
112.4
139.8

122.6
111.6
139.3

123.9
112.3
141.9

124.7
114.1
143.5

6.0
3.2

117.5
114.4

118.4
116.5

119.6
118.1

120.6
119.0

117.8
116.7

117.7
115.7

115.2
113.8

115.0
113.1

120.1
117.4

117.9
111.0

125.9
121.5

124.5
119.7

113.3
8.8
62.3
28.3
5.1
8.9

101.9
90.2
103.7
99.9
98.9
103.5

100.1
87.0
102.0
99.5
100.1
97.5

101.2
93.2
103.5
95.1
104.1
97.0

102.2
97.1
104.2
95.4
106.7
97.5

98.6
88.4
99.8
96.3
103.1
96.4

100.6
92.2
101.0
103.9
102.5
97.1

101.2
87.2
103.3
100.0
98.1
101.2

99.5
86.8
101.4
98.3
100.2
97.8

102.0
92.4
104.0
97.1
105.4
99.1

103.3
94.0
105.2
97.8
108.7
99.4

102.6
89.0
103.7
99.9
109.8
101.1

102.3
88.5
102.5
105.2
107.9
101.0

17.3
3.6
9.2

112.4
101.3
113.5

111.8
101.1
112.7

109.2
103.3
108.1

112.9
107.8
110.9

110.6
105.8
109.3

111.3
106.6
110.2

104.8
94.8
105.6

106.4
98.6
106.7

113.3
108.1
112.0

124.2
118.5
122.6

126.7
117.5
126.9

125.1
117.4
124.5

1.71.7
78.9
14.9
38.3
14.0
24.3

103.6
97.6
78.1
94.6
95.2
94.3

104.3
98.3
76.8
96.1
102.9
92.7

104.1
98.6
80.5
95.0
103.9
90.6

98.9
89.8
79.2
82.4
98.6
74.4

100.3
92.5
77.7
87.6
100.7
81.2

101.0
93.6
74.8
89.4
98.8
84.8

103.5
98.6
79.7
97.6
95.1
98.8

105.5
100.8
78.1
101.3
101.7
101.1

105.0
98.9
80.3
95.7
101.7
92.7

100.5
90.1
79.5
80.8
99.2
71.6

102.1
92.6
78.0
85.1
102.4
76.5

102.8
94.1
72.5
88.5
98.7
83.4

Oil and gas extraction

Crushed stone
Sand and gravel
Chemical and fertilizer materials
Foods

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

Fabrics
Knit goods
Fabric finishing
Yarn and thread
Miscellaneous textiles
Apparel products

Men’s outerwear
Women’s outerwear
Lumber and products

Lumber
Millwork and plywood
Furniture and fixtures

Household furniture
Paper and products

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

Newspapers
Commercial printing
Chemicals and products

231,2
233
24

242
243
25

251
26

261
262
263
265
267
27

271
275
28

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




16

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

Item

1987 SIC

Chemicals and Products (cont.)
Synthetic materials
282
Plastics materials
2821

1992
Billion
KWH

Index.

Seasonally adjusted

Not seasonallv adjusted
1997

1997

Adc

Mav

June

Julvr

107.7
119.7

107.9
120.7

106.0
116.1

106.9
119.5

105.8
115.5

Adc

Mav

June

Julvr

104.9
115.7

106.9
120.1

107.8
120.4

108.0
118.7

109.3
121.7

Aua.r SeDt.P

108.6
118.4

107.1
118.3

111.6
112.3
118.2

11213
114.1
118.1

110.9
115.1
118.4

108.5

111.1

112.0

111.1

125.1
101.9
107.2
132.9

127.9
107.3
113.1
134.5

127.2
109.1
111.4
133.4

129.3
111.5
118.6
134.5

130.0
114.1
117.3
135.2

90.8
84.0

90.5
89.1

96.1
95.7

96.2
97.3

98.3
99.2

97.7
96.9

110.6
105.3
102.7
107.9
111.2
108.9

110.6
105.9
103.1
108.1
118.7
108.3

111.7
104.9
102.4
115.3
114.9
109.2

114.0
114.5
101.1
117.3
115.0
111.3

111.8
111.5
102.6
111.9
114.3
111.6

112.7
107.8
101.8
114.4
112.1
111.4

114.4
110.4
105.5
114.1
114.9
112.0

98.6
114.2
109.3
80.2
71.3
121.5

100.3
116.8
113.1
80.9
73.3
123.0

98.5
113.5
120.7
79.0
65.8
120.1

98.3
115.5
114.3
77.8
66.3
116.4

98.3
113.5
115.1
79.2
66.1
117.5

95.9
108.3
107.1
80.1
66.5
115.8

97.4
112.3
105.9
80.1
66.8
121.3

98.6
113.5
117.2
78.7
66.4
126.0

115.2
117.0
110.8
124.6
116.0
127.6

115.7
115.8
109.4
127.4
113.7
130.7

114.1
114.3
109.8
124.1
114.4
125.5

112.4
112.7
109.3
117.7
114.8
125.9

112.8
116.8
109.8
121.0
112.7
127.5

116.0
116.2
111.7
120.4
119.6
130.4

116.2
120.4
114.2
124.7
116.9
123.4

119.6
118.0
116.6
129.0
119.9
132.5

119.3
119.1
117.4
126.9
120.7
131.3

106.8
94.0
120.7
111.5
112.5
118.3
106.3
86.5
113.3

111.1
98.6
133.4
115.6
117.3
120.0
110.7
89.5
117.9

110.2
95.0
127.5
116.2
118.9
115.5
107.6
92.6
115.2

110.7
96.8
130.6
113.6
116.0
118.8
109.8
92.4
114.7

105.5
95.4
127.6
108.1
110.6
115.6
104.8
85.5
110.9

106.1
93.9
125.8
111.0
111,8
115.2
105.3
85.4
112.8

110.1
97.0
120.8
114.3
115.3
121.1
109.5
90.0
118.8

115.5
94.4
123.6
120.9
122.2
126.3
113.5
96.7
123.2

117.2
101.6
124.2
121.1
128.5
125.4
116.0
95.9
124.0

117.7
102.7
128.2
121.6
125.2
128.2
118.2
95.5
122.9

118.0
87.7
81.2
98.3
110.8
133.7
113.8
138.4

118.1
89.4
82.8
101.2
110.1
132.3
115.4
138.3

120.7
87.9
82.8
101.6
115.2
132.8
118.6
141.7

118.1
86.6
81.0
96.0
116.4
127.8
116.1
138.7

118.3
88.1
79.6
99.6
113.6
131.2
115.3
140.1

115.4
82.7
82.6
99.5
109.4
130.1
109.1
134.7

116.0
85.0
81.2
99.7
111.5
130.4
109.9
135.7

122.2
91.2
85.5
106.6
115.6
134.1
120.3
142.8

125.5
92.2
86.1
105.7
116.4
135.5
127.7
148.2

126.6
95.7
84.4
106.4
119.2
138.9
127.1
148.8

127.0
96.5
83.2
108.2
119.8
139.5
127.1
150.2

107.9
121.0
85.3
81.7

107.1
119.8
85.1
87.8

106.9
118.7
86.2
85.8

106.9
116.7
90.0
80.6

106.1
117.3
86.0
82.7

107.9
119.1
87.8
82.3

104.9
117.3
82.7
81.9

106.1
118.7
84.2
84.9

111.9
125.0
90.0
86.1

108.4
117.0
93.7
81.9

113.6
126.1
92.3
83.8

115.3
128.2
93.6
83.2

13.7
1.8

103.1
98.2

102.0
94.1

100.5
91.6

102.6
96.5

101.8
92.2

100.3
91.8

97.5
91.2

98.3
91.5

104.3
93.0

109.7
99.8

110.5
98.9

108.6
96.4

4.5

131.4

129.5

129.6

135.9

133.3

130.4

126.3

127.4

133.7

140.5

143.3

139.6

909.8
835.3
98.8

107.7
107.4
102.2

107.1
106.4
103.2

107.0
106.9
101.3

107.8
106.8
100.5

106.7
106.0
101.0

107.4
107.0
101.0

106.1
106.1
100.2

106.5
106.7
99.7

109.0
108.9
97.8

108.9
107.7
100.9

110.9
110.0
101.3

111.4
110.9
98.3

it n . n

( c,v>w

IW I.W

IW -T. 1

284
286
287

29.2
18.3
V . /
3.0
39.2
9.7

104.5
111.9
117.1

101.8
114.5
119.4

104.8
113.7
118.6

104.4
112.7
118.7

103^1
111.9
118.5

102.1
112.9
119.9

9JL2
111.1
119.0

U H
114.0
120.1

107.0
112.6
118.2

29

47.0

114.5

112.2

106.4

108.4

108.6

106.3 . 112.6

109.5

Rubber and plastics products
Tires
Rubber products, nec
Plastics products, nec

30
301
306
308

38.0
4.3
3.2
28.9

125.3
102.6
110.1
132.2

124.9
103.1
106.8
132.3

123.9
104.2
109.2
130.3

126.2
107.1
109.9
132.7

123.9
102.8
111.5
130.2

124.0
106.1
111.4
129.7

124.2
101.8
107.0
131.2

Leather and products
Shoes

31
314

1.0
.3

93.3
88.1

92.3
90.9

92.0
91.0

95.8
94.4

91.0
88.5

90.4
85.8

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

112.7
107.8
104.4
113.3
119.5
109.4

110.1
104.0
101.7
110.8
113.2
108.9

111.0
111.2
99.5
111.2
112.0
109.7

111.0
109.2
102.3
108.2
113.1
112.3

108.4
103.5
97.8
107.2
109.5
109.2

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

33
331
332
333
3334
336

150.9
57.0
9.9
66.2
60.3
2.7

97.3
111.6
117.0
78.8
65.7
118.9

97.0
113.6
113.6
76.7
63.6
117.1

98.2
113.8
115.3
78.5
64.7
118.2

98.8
114.4
112.5
79.0
65.9
122.1

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

34
341
342
344
345
346

31.4
2.9
2.7
5.4
1.7
6.7

114.0
112.6
112.1
119.8
117.4
126.9

114.2
118.2
111.2
124.1
113.7
127.9

114.1
112.8
108.5
121.3
117.7
127.0

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
2.4
5.2
5.1
3.5

108.7
95.3
123.4
112.7
114.0
119.4
107.5
89.6
114.0

107.4
92.6
124.3
114.5
113.6
117.4
106.3
87.0
112.2

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

119.4
87.5
83.5
103.4
111.5
136.4
113.7
139.1

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

37
371
372
373

39.6
22.8
10.7
2.2

Instruments
Photographic equip. & supplies

38
386
39

U IU ^ O

CM I U

(.UU

IllO U I^ ItlO O

Soap and toiletries
Industrial organic chemicals
Agricultural chemicals
Petroleum products

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




Aua.r SeDt.P

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 fora 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 1of tables 1A, 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—11 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 the first estimate for a given month is the same as that shown by the fourth esti mate.
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.