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voOlcovAv. FEDERAL RESERVE statistical release (3.17(419) L,ff(lARY For release at 9:15 a.m. (EDT) October 17,1997 INDUSTRIAL PRODUCTION AND CAPACITY UTILIZATION Industrial production rose 0.7 percent in September, boosted by a 4.4 percent jump in the output of utilities. The growth of total output was revised upward for July, to 0.8 percent, and downward for August, to 0.5 percent; these revisions were concentrated in the sector producing materials for further processing within the industrial sector. In September the demand for electricity rebounded after decreasing in August, when unseasonably cool weather held down the need for air conditioning. Manufacturing output increased 0.4 percent, with substantial gains in the output of light trucks, computers, commercial aircraft and parts, and semiconductors. The output at mines decreased 0.5 percent. At 122.4 percent of of its 1992 average, industrial production in September was 5.5 percent higher than in September 1996. The utilization of industrial capacity rose to 84.4 percent—its highest rate since February 1995. Market Groups The output of consumer goods rose 0.7 percent. Much of the gain resulted from heavier use of electricity by residential users and increased output of light trucks. Elsewhere, gains in the production of clothing, paper products, and (over) INDUSTRIAL PRODUCTION AND CAPACITY UTILIZATION: SUMMARY Seasonally adjusted Index, 1992=100 Percent chanae Industrial Production 1997 Juner Julyr Aug/ Sept.P Total index Previous estimates 119.9 119.9 120.9 120.4 121.5 121.3 122.4 Major market groups: Products, total Consumer goods Business equipment Construction supplies Materials 116.0 112.3 137.4 120.6 126.0 116.5 112.6 139.0 119.8 128.0 117.3 113.2 142.1 120.9 128.2 Major industry groups: Manufacturing Durable Nondurable Mining Utilities 121.6 134.1 108.4 107.8 111.7 122.7 135.5 109.2 107.6 112.7 123.6 137.5 109.0 106.3 111.4 Capacity Utilization Total industry Previous estimates Manufacturing Advanced processing Primary processing Mining Utilities 1997 Juner July1* Aug/ Sept.P •3 .3 .8 .4 .5 .7 .7 5.5 117.9 114.0 142.1 I 121.0 129.6 •1 -.2 -S .0 .6 .3 .3 1.2 -.7 1.6 .8 .5 2.2 .9 .1 .5 .7 .0 .1 1.1 ! 4.6 3.2 10.8 1.1 6.9 124.2 138.0 109.6 105.8 116.3 .5 1.0 -.2 -.2 -.7 .9 1.1 .7 -.2 .9 .8 1.5 -.1 -1.1 -1.2 .4 .4 .5 -.5 4.4 5.8 8.5 2.6 2.3 4.7 Percent of capacity 1988-89 1996 1997 High Sept. Juner Average 1967-96 1982 Low 82.1 71.1 85.3 83.1 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 82.1 80.2 86.6 91.0 88.6 Sept. 97 Capacity growth Julyr Aug/ Sept.P 83.5 83.5 83.9 83.6 84.1 83.9 84.4 3.9 82.5 80.6 86.9 94.2 87.9 82.9 81.0 87.3 93.8 88.5 83.3 81.5 87.3 92.6 87.4 83.4 81.4 I 87.7 92.0 91.2 4.2 5.2 2.3 1.1 1.7 Sept. 97 chemical products for consumer use were partially offset by a decline in appliances. The output of business equipment was unchanged in September after twelve months of steady increases. Further advances in the production of computers and commercial aircraft boosted the growth rates for information processing and transit equipment. However, the output of industrial and other equipment fell back after an unusually strong gain in August. The production of business supplies and of materials rose about 1 percent and the output of construction supplies edged up. Durable materials advanced on the continued strength in semiconductors and a pickup in basic metals, mainly steel. Rebounds in paper, textiles, and chemicals restored the output of nondurable materials to near its July level. The output of energy materials rose sharply, principally because of the rebound in electricity generation. Industry Groups The increase in manufacturing production of 0.4 percent was about half the average pace of the previous two months; the increase was evenly spread between durables and nondurables. Among durables, the strongest advances came in furniture, iron and steel, computers, semiconductors, and aerospace and miscellaneous transportation equipment. The effect of these gains was blunted by a substantial loss in industrial machinery excluding computers and office equipment and by small losses in instruments and miscellaneous manufacturing. Gains in paper, chemicals, and petroleum refining boosted the output of the nondurables. Capacity utilization for manufacturing rose 0.1 percentage point, to 83.4 percent—its highest level since April 1995. Utilization in primary processing rose 0.4 percentage point, while the rate in advanced processing declined 0.1 percentage point. The utilization rates in both the primary-processing and advanced-processing groups have gone up more than 1.0 percentage point in the past twelve months. Revision of Industrial Production and Capacity Utilization The Federal Reserve will publish revisions of its measures of industrial production (IP), capacity, capacity utilization, and industrial use of electric power at the end of November. 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 bf 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 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. Industrial Production and Capacity Utilization (September data, seasonally adjusted) Industrial production indexes Twelve-month percent change Twelve-month percent change Manufacturing Total industry o -5 -10 -10 1992 1994 1996 1992 1994 Manufacturing Total industry Ratio scale, 1992 production = 100 1985 1996 Ratio scale, 1992 production = 100 1990 1995 1985 1990 1995 Table 1A INDUSTRIAL PRODUCTION: MARKET GROUPS Item I 1996 I IP 1997 1 Proportion Apr. Index. 1992=100 I M997 Aug/ Seot.P Apr. Seasonally Adjusted May June r Julv r Not seasonally adjusted May Juner Julvr Aug.1" Sept.P 100.00 119.3 119.5 119.9 120.9 121.5 122.4 118.4 118.0 121.9 119.5 124.6 125.5 59.92 45.14 115.4 116.6 115.9 117.1 116.0 117.4 116.5 117.8 117.3 119.0 117.9 119.4 113.6 115.1 113.6 114.9 118.1 119.1 116.2 116.4 121.6 122.8 122.4 123.7 28.15 5.89 2.40 1.38 .67 .71 1.02 3.48 1.19 .55 .65 .78 1.51 22.26 18.77 9.72 1.89 4.40 2.76 3.49 1.06 2.43 112.1 126.9 124.4 127.1 116.0 146.1 118.0 128.6 179.0 128.3 241.4 108.6 110.0 108.3 107.6 107.8 94.4 117.2 102.6 113.0 110.1 114.1 112.6 128.4 126.4 130.0 117.7 150.5 118.8 129.7 181.1 126.1 249.8 111.7 109.6 108.6 107.8 107.6 94.8 118.0 103.4 113.5 111.9 114.0 112.3 130.6 128.4 132.6 114.9 159.5 120.1 132.0 187.3 134.5 252.2 114.2 109.7 107.8 107.4 106.9 94.1 117.3 104.5 110.4 111.8 109.5 112.6 129.3 123.1 123.5 118.0 135.8 119.2 133.6 193.9 138.0 263.4 110.3 111.9 108.5 108.0 108.0 93.7 117.1 105.4 111.3 108.9 112.1 113.2 133.0 133.0 140.2 124.3 165.4 121.3 132.8 192.9 134.3 266.7 112.6 109.6 108.3 107.7 108.3 93.2 116.1 104.4 112.1 112.2 111.8 114.0 132.8 134.8 143.4 125.1 171.7 121.4 131.3 187.2 121.6 273.0 112.3 109.5 109.4 108.4 108.5 93.6 117.9 105.0 115.3 111.8 116.6 109.9 133.5 137.4 148.5 132.7 167.1 120.6 130.6 181.4 140.7 228.6 112.6 110.9 104.2 104.5 104.8 93.0 109.8 104.2 102.3 108.0 99.6 109.3 130.4 133.2 143.7 128.8 161.2 117.3 128.4 179.7 127.9 243.3 107.4 109.9 104.2 106.0 105.4 95.7 114.3 103.1 94.0 112.6 85.3 113.7 134.4 135.1 143.5 122.8 167.8 121.6 133.8 193.0 138.7 259.3 116.2 109.5 108.6 111.1 110.8 98.8 123.0 103.7 94.4 113.5 85.4 111.7 116.6 100.9 83.4 79.0 88.5 116.8 127.4 189.0 127.0 268.5 106.4 104.1 110.1 110.8 109.1 93.2 127.9 104.3 106.1 109.8 104.4 117.9 132.9 133.2 139.4 122.3 159.5 122.2 132.7 190.5 117.6 287.6 116.3 108.4 114.0 115.5 116.7 97.6 129.0 105.2 104.9 112.5 101.4 118.4 136.5 138.6 146.5 121.0 176.2 125.5 135.0 195.3 124.4 288.7 116.8 110.5 113.8 115.9 116.8 98.1 130.2 105.4 101.9 114.1 96.2 17.00 13.81 5.68 1.55 4.49 2.30 1.13 1.33 2.31 .64 .23 124.3 135.5 155.1 358.6 130.3 110.1 110.0 128.8 75.2 152.5 168.0 124.9 136.1 156.5 366.5 129.3 112.1 111.7 128.2 75.6 154.2 166.4 126.2 137.4 159.9 378.4 129.2 112.1 110.1 129.2 76.1 161.4 163.1 126.7 139.0 162.0 395.5 131.6 112.3 108.9 129.6 75.0 149.6 166.3 129.1 142.1 164.3 409.3 134.7 117.6 117.7 130.7 75.6 147.1 164.4 128.8 142.1 166.2 421.6 132.8 118.4 118.1 128.4 75.2 141.3 167.4 124.0 135.5 151.2 341.7 128.6 119.5 128.5 128.8 75.5 140.8 176.2 124.5 136.2 153.9 359.5 128.7 118.2 123.0 128.1 75.1 143.6 170.2 128.5 141.0 163.1 393.2 132.4 117.5 119.1 132.1 75.6 150.4 176.5 124.3 136.3 167.7 421.2 129.6 98.2 77.9 120.9 73.7 148.8 150.8 131.4 145.1 171.1 437.0 136.2 116.3 118.6 134.1 74.5 151.2 179.2 132.8 146.8 172.4 435.3 138.8 118.0 119.1 134.4 75.3 151.7 177.4 14.78 5.72 9.06 112.0 120.1 107.2 112.2 120.6 107.3 112.0 120.6 106.9 112.3 119.8 107.9 112.3 120.9 107.3 113.1 121.0 108.5 109.2 119.7 103.0 109.6 121.5 102.7 114.8 126.9 107.8 115.5 122.5 111.4 117.9 126.3 112.9 118.3 127.4 113.0 40.08 125.5 125.2 126.0 128.0 128.2 129.6 125.9 125.0 128.1 124.6 129.4 130.5 23.04 4.34 8.63 10.08 3.33 8.92 .96 1.61 4.39 1.96 8.12 5.22 2.90 141.7 130.5 178.1 121.0 116.7 111.3 109.5 114.4 111.7 107.8 103.8 101.7 107.6 141.7 127.2 180.4 121.0 118.4 109.8 105.4 114.8 109.7 107.4 104.1 102.5 107.0 143.3 130.1 183.2 121.2 118.7 109.9 107.8 111.7 109.4 109.7 103.9 101.9 107.6 145.9 134.9 187.2 122.2 118.5 111.7 113.7 116.4 110.8 108.3 104.6 103.2 107.4 147.4 135.3 190.4 123.0 118.8 110.7 111.3 115.6 109.9 107.7 103.1 101.4 106.5 148.6 134.8 193.3 123.7 121.3 111.5 I 112.0 116.9 110.8 108.0 105.7 103.2 110.4 142.5 136.7 177.1 121.0 119.2 113.9 113.5 115.2 114.6 110.5 100.9 100.1 102.6 142.4 133.1 178.8 120.9 118.8 109.9 110.0 113.6 110.3 105.3 101.7 101.4 102.2 146.4 138.5 184.5 123.3 119.2 111.4 110.0 113.5 110.6 111.3 104.3 103.3 106.4 139.9 110.9 184.8 121.0 114.9 109.6 104.6 114.4 110.1 106.2 105.7 102.6 111.5 148.6 137.3 189.7 125.0 116.7 111.5 113.9 116.6 109.8 109.3 105.0 101.4 111.6 151.1 136.3 195.0 127.2 122.9 112.4 112.0 117.0 112.1 108.7 103.3 100.8 107.9 Total excluding: Autos and trucks Motor vehicles and parts Computers Computers and semiconductors 97.48 95.20 97.55 93.68 119.3 119.0 116.4 112.4 119.4 119.3 116.5 112.4 119.8 119.5 116.8 112.6 120.9 120.6 117.7 113.3 121.3 120.9 118.2 113.6 122.1 121.8 118.9 114.3 117.8 117.3 115.6 111.6 117.5 117.2 115.1 111.0 121.6 121.1 118.7 114.5 120.3 120.7 116.0 111.7 124.4 124.0 121.0 116.6 125.3 125.0 121.9 117.3 Consumer goods excluding: Autos and trucks Energy 26.76 24.65 111.1 111.9 111.5 112.4 111.1 112.6 111.9 112.8 111.7 113.3 112.5 113.8 107.9 110.8 107.6 111.4 112.1 116.3 112.5 112.4 116.6 119.5 116.9 120.6 Business equipment excluding: Autos and trucks Computer and office equipment 12.67 12.26 138.0 121.5 138.5 121.7 140.1 122.4 142.0 123.3 144.5 125.9 144.5 125.4 136.2 122.4 137.5 122.1 143.2 125.4 142.2 119.5 147.7 127.6 149.5 129.4 Materials excluding: Energy 31.96 132.2 131.8 132.8 135.2 135.9 136.9 133.6 132.2 135.4 130.4 136.9 138.9 Total index Products, total Final products Consumer goods Durable Automotive products Autos and trucks Autos Trucks Auto parts and allied goods Other durable goods Appliances and electronics Appliances and air cond. Home electronics Carpeting and furniture Miscellaneous Nondurable Nonenergy Foods and tobacco Clothing Chemical products Paper products Energy products Fuels Utilities Equipment, total Business equipment information processing & related Computer and office industrial Transit Autos and trucks Other Defense and space equipment Oil and gas well drilling Manufactured homes Intermediate, products Construction supplies Business supplies Materials Durable Consumer parts Equipment parts Other Basic metals Nondurable Textile Paper Chemical Other Energy Primary Converted fuel I I SPECIAL AGGREGATES I 1. The IP proportion data are estimates of the industries' relative contributions to overall IP growth in the following year. Table 1B INDUSTRIAL PRODUCTION: MARKET GROUPS Percent change | Item 1995 Q4 to 1996 Q4 Seasonally adjusted annual rate I Seasonally adjusted I Not seasonally adjusted Sept. 96 1996 1997 1997 1997r to r 1 r r r Q4 Q2 Q3P June " Juiv Aua. Sept.P June Julv Aug/ Sept.P Sebt. 97 Q1 Total index 3.9 4.5 4.4 4.3 7.0 .3 .8 .5 .7 3.3 -2.0 4.3 .7 5.5 Products, total Final products 3.8 4.1 4.8 4.8 3.6 3.9 3.7 4.8 5.0 6.1 •1 .3 .3 .4 .8 1.0 .5 .4 3.9 3.7 -1.6 -2.3 4.7 5.6 .6 .7 4.6 5.4 Consumer goods Durable Automotive products Autos and trucks Autos Trucks Auto parts and allied goods Other durable goods Appliances and electronics Appliances and air cond. Home electronics Carpeting and furniture Miscellaneous Nondurable Nonenergy Foods and tobacco Clothing Chemical products Paper products Energy products Fuels Utilities 2.5 2.4 .9 .5 -3.8 7.3 1.3 3.4 10.5 1.5 18.6 .3 -•7 2.5 2.5 2.3 -2.7 5.3 2.8 2.5 3.3 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 3.5 9.9 13.0 19.2 23.4 15.5 5.7 7.9 20.9 5.3 36.1 .8 2.0 1.8 1.7 3.2 -3.9 -1.7 5.7 2.1 -.9 3.5 -•2 1.7 1.6 2.0 -2.4 6.0 1.1 1.7 3.4 6.7 1.0 2.2 •1 -.4 -.6 -.8 -.6 1.1 -2.7 .0 -4.0 .3 -.9 -4.1 -6.9 2.7 -14.9 -.8 1.3 3.6 2.6 4.4 -3.4 2.0 .6 .6 1.1 -.4 -.2 .9 .8 -2.6 2.5 .5 2.8 8.1 13.6 5.3 21.8 1.8 -.6 -.5 -2.6 1.3 2.1 -2.1 -.1 -.3 .3 -.5 -.9 -1.0 .7 3.0 -.3 .7 -.1 1.3 2.3 .6 3.8 .1 -1.1 -3.0 -9.5 2.4 -.2 .0 1.0 .6 .2 .4 1.6 .6 2.8 -.3 4.3 4.0 3.0 1.4 -•1 -4.7 4.1 3.6 4.2 7.4 8.5 6.6 8.2 -.4 4.2 4.8 5.1 3.3 7.6 .6 .4 .7 .2 -1.7 -13.2 -25.3 -41.9 -35.7 -47.2 -3.9 -4.7 -2.1 -8.5 3.5 -8.5 -4.9 1.4 -.3 -1.6 -5.7 4.0 .6 12.4 -3.2 22.2 5.5 14.0 32.1 67.3 54.8 80.2 4.6 4.1 .8 -7.4 7.1 9.3 4.1 3.5 4.3 6.9 4.7 .9 .9 -1.1 2.4 -2.9 3.2 .5 2.7 4.5 5.6 4.0 5.1 6.6 -3.7 -1.0 10.4 17.1 2.7 4.5 1.8 3.7 2.6 ! 7.4 5.8 -5.9 .4 19.4 .5 1.7 1.9 1.8 -.1 2.8 .3 2.4 .1 2.2 .5 -1.6 .9 3.9 .1 3.0 -2.9 5.4 1.4 6.1 -5.2 5.1 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 I 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 10.2 14.7 19.1 52.5 11.0 17.9 16.6 2.6 -1.9 -23.2 .4 1.0 .9 2.2 3.3 -.1 .0 -1.4 .8 .8 4.7 -1.9 .5 1.2 1.3 4.5 1.9 .2 -1.0 .3 -1.4 -7.3 1.9 1.8 2.2 1.4 3.5 2.3 4.7 8.1 .8 .7 -1.7 -1.1 -.2 .0 1.2 3.0 -1.4 .7 .3 -1.8 -.5 -4.0 1.8 3.2 3.5 6.0 9.4 2.9 -.7 -3.2 3.1 .6 4.8 3.7 -3.3 -3.3 2.8 7.1 -2.2 -16.4 -34.6 -8.5 -2.5 -1.1 -14.6 5.7 6.4 2.1 3.7 5.1 18.4 52.3 10.9 1.1 1.7 18.9 1.1 1.2 .8 -.4 1.9 1.4 .4 .2 1.1 .3 -1.0 9.0 10.8 13.6 34.2 5.2 14.2 .4 11.1 -3.2 20.2 1.0 3.0 5.7 1.3 4.8 -.4 8.2 2.8 3.0 2.7 .5 2.8 -1.0 2.0 .5 2.9 -.2 .0 -.4 .3 -.7 .9 .0 .9 -.5 .7 .1 1.1 4.8 4.4 5.0 .6 -3.5 3.4 2.0 3.2 1.3 .4 .8 .0 2.3 1.1 3.1 4.0 4.1 5.6 5.2 9.9 .6 1.6 .1 1.1 2.5 -2.7 3.8 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 15.1 18.9 23.4 6.4 5.7 3.6 18.9 9.7 •7 -1.2 2.2 2.0 2.5 1.1 2.3 1.6 .1 .3 .0 2.3 -2.6 -.3 2.2 -.2 -.6 .5 1.9 3.7 2.2 .8 -.1 1.7 5.5 4.1 1.3 -1.3 .7 1.3 -.2 1.0 .3 1.7 .7 .2 -.9 -2.1 -.7 -.8 -.5 -1.4 -1.8 -.8 .8 -.4 1.5 •2 2.5 1.8 3.6 2.8 4.0 3.2 2.0 .4 1.3 .0 -.1 .3 5.7 2.6 1.8 4.2 -4.5 -19.9 .2 -1.9 -3.6 -1.6 -4.9 .8 -.4 -4.6 1.3 -.6 4.8 6.2 23.8 2.7 3.3 1.6 1.8 9.0 1.9 -.2 3.0 -.7 -1.2 .1 5.3 5.6 4.0 3.5 4.0 4.0 3.9 2.7 5.1 5.3 3.6 2.4 6.7 6.3 5.9 4.5 .3 .2 .2 .1 1.0 .9 .7 .6 .3 .2 .4 .3 .7 •7 •6 .6 3.5 3.4 3.2 3.1 -1.1 -.4 -2.3 -2.4 3.5 2.8 4.4 4.4 •7 .8 .8 .6 5.6 5.5 4.8 3.7 Intermediate products Construction supplies Business supplies Materials Durable Consumer parts Equipment parts Other Basic metals Nondurable Textile Paper Chemical Other Energy Primary Converted fuel I -8 • 6 • 6 2.0 .7 1.1 •8 .9 1.7 -.7 2.8 1.8 i 5.3 •8 -1.7 .3 2.1 -.5 -1.6 -.5 -3.4 6.9 9.7 5.0 18.9 3.8 5.7 4.3 4.6 9.2 3.7 1.6 1.7 .9 3.2 SPECIAL AGGREGATES Total excluding: Autos and trucks Motor vehicles and parts Computers Computers and semiconductors 4.0 4.2 3.1 2.6 Consumer goods excluding: Autos and trucks Energy 2.6 2.5 7.2 4.6 -1.5 1.6 3.4 .2 2.7 3.6 -.4 .1 .7 .2 -.1 .5 •7 .4 4.2 4.4 .4 -3.4 3.6 6.4 .2 .9 3.0 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 14.5 10.1 1.1 .6 1.4 .7 1.8 2.0 •0 -.4 4.1 2.7 -.7 -4.7 3.9 6.8 1.2 1.4 11.7 7.8 Materials excluding: Energy 4.7 4.6 7.2 6.4 11.8 .8 1.8 .5 .8 2.4 -3.7 5.0 1.5 8.2 ! Note—Percent changes shown in the first and last columns are based on seasonally adjusted data. 5 TabSe 2A INDUSTRIAL PRODUCTION: INDUSTRY GROUPS Index. 1992=100 1996 IP SIC Proportion1 Sept.P 1997 Apr. May June1" Juivr 121.5 122.4 118.4 118.0 121.9 119.5 124.6 125.5 122.7 123.6 124.2 120.7 120.6 124.7 120.9 127.1 128.5 115.7 124.5 116.5 125.7 116.7 127.0 117.5 127.5 116.5 122.7 115.8 123.0 118.1 128.0 114.7 124.0 118.3 131.5 120.1 132.7 132.7 114.0 113.9 112.8 134.1 114.6 114.5 113.5 135.5 113.4 113.6 114.1 137.5 112.7 112.6 114.3 138.0 112.8 113.4 114.2 133.4 114.0 110.3 113.7 133.2 112.6 110.7 114.0 137.3 118.2 115.4 117.5 130.5 111.6 112.6 115.1 139.2 117.0 120.0 119.1 141.5 117.5 119.9 117.8 1997 Apr. May June 100.00 119.3 119.5 119.9 86.34 120.9 121.0 Primary processing Advanced processing 27.72 58.62 115.6 123.5 Durable Lumber and products Furniture and fixtures Stone, clay, and glass products 46.79 2.06 1.30 2.12 Item Total index Manufacturing "Not ''seasonally adjusted "Seasonally Adjusted" r r 120.9 121.6 115.8 123.6 132.3 113.6 112.7 113.8 Julv r Auq. Auq.r Sept.P 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 5.28 120.2 119.3 115.5 121.3 120.8 123.4 123.6 115.8 123.1 121.1 123.1 120.3 115.1 126.2 120.8 123.8 120.7 115.4 127.2 121.5 123.4 119.7 116.3 127.7 122.1 126.8 126.2 123.6 127.5 122.4 124.6 124.9 119.1 124.2 118.3 124.2 124.1 115.7 124.2 119.8 123.6 121.4 115.1 126.1 122.9 118.1 116.3 110.6 120.1 120.4 120.8 116.3 112.2 125.9 125.1 128.5 128.2 122.6 128.8 126.6 9.51 2.45 8.58 3.87 171.3 363.8 176.7 308.1 170.5 371.8 178.1 312.8 172.2 383.9 181.7 321.2 176.6 401.1 186.0 333.3 181.4 415.2 188.0 341.3 181.0 427.6 189.4 348.4 170.2 346.6 175.5 307.0 170.3 364.7 176.4 310.8 178.0 398.9 183.1 323.1 176.0 427.3 183.2 326.9 184.4 443.2 188.3 337.8 187.5 441.6 193.8 350.6 Transportation equipment 37 Motor vehicles and parts 371 Autos and light trucks Aerospace and misc. 372-6,9 Instruments 38 Miscellaneous 39 8.41 4.80 2.29 3.62 4.72 1.29 110.6 125.3 119.1 95.5 104.4 116.9 110.2 123.7 121.6 96.4 105.2 117.0 112.4 127.1 123.1 97.4 105.9 117.5 112.7 126.7 116.9 98.3 105.4 118.9 116.7 134.4 130.8 98.9 106.8 118.3 116.9 134.3 133.3 99.5 106.5 118.1 118.2 140.2 139.2 96.5 103.1 116.0 115.8 134.8 134.8 96.9 103.6 116.3 118.0 138.2 133.5 98.0 107.3 117.8 94.6 90.1 79.1 96.6 106.9 113.7 116.8 136.5 130.3 97.2 109.1 118.7 116.9 134.7 135.3 98.9 109.9 120.9 20 21 22 23 26 39.55 9.37 1.16 1.57 1.80 3.29 108.7 108.3 105.5 108.6 96.1 112.2 108.7 108.1 104.2 107.3 96.4 112.8 108.4 107.9 101.8 108.9 96.4 111.7 109.2 108.7 103.3 111.3 96.1 114.8 109.0 108.5 104.9 111.0 95.5 113.9 109.6 108.9 104.4 111.2 95.7 115.3 107.4 104.6 108.6 113.3 94.5 114.4 107.3 106.0 100.3 110.7 96.3 110.8 111.4 110.2 113.4 115.5 98.5 113.2 110.6 111.0 88.5 106.9 94.2 112.7 114.3 115.6 115.7 114.8 98.6 115.1 114.9 117.2 107.5 114.3 98.9 115.4 27 28 29 30 31 6.44 10.17 1.75 3.78 .20 99.6 113.3 110.7 122.3 78.8 99.8 112.7 112.1 123.4 77.0 99.7 112.3 111.3 124.0 75.6 100.1 113.1 108.9 124.2 75.4 99.8 112.0 110.8 126.8 73.8 100.1 113.3 111.5 126.6 73.5 97.4 111.7 107.6 122.8 78.5 96.8 111.7 113.6 123.2 77.0 101.6 115.7 116.0 126.2 77.7 104.5 117.4 113.7 120.4 71.5 106.2 117.7 115.4 127.7 75.1 106.1 119.1 116.8 128.1 75.2 10 12 13 14 5.59 .42 .87 3.71 .60 106.0 103.5 104.1 104.5 122.3 108.1 104.2 115.9 105.0 121.3 107.8 107.4 107.4 105.8 123.7 107.6 104.0 114.1 104.9 119.7 106.3 103.9 109.8 103.5 123.1 105.8 105.4 109.3 102.6 123.3 105.0 102.7 103.9 103.3 121.2 107.3 104.8 109.9 103.5 133.1 108.3 110.6 106.9 103.9 141.0 106.8 105.0 104.3 103.5 137.1 108.2 105.0 111.6 102.9 144.1 108.8 107.6 112.5 103.3 144.1 491,3pt 492,3pt 8.07 6.26 1.81 113.6 113.6 113.2 112.4 110.5 119.0 111.7 111.1 113.5 112.7 113.4 110.3 111.4 111.8 110.1 116.3 117.4 112.5 104.1 101.5 112.6 99.1 102.6 86.6 103.7 114.7 65.1 113.5 128.1 62.5 111.0 125.3 61.1 107.1120.1 61.6 81.54 83.89 80.02 120.6 117.5 112.8 120.8 117.6 112.8 121.2 118.0 113.1 122.4 118.9 113.8 123.0 119.7 114.5 123.6 120.2 114.8 119.6 117.5 112.9 119.8 117.2 112.5 123.9 120.9 116.0 122.5 116.9 111.9 126.5 122.9 117.8 128.1 124.4 119.0 11.3 5.7 5.6 5.3 0.3 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 5.9 0.3 12.6 6.1 6.5 6.2 0.3 13.2 6.7 6.5 6.2 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 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 assemblies 2 Total Autos Trucks Light Heavy and medium 1. The IP proportion data are estimates of the industries' relative contributions to overall IP growth in the following year. 2. Millions of units at an annual rate. Note—Primary processing manufacturing includes textile mill products, paper and products, industrial chemicals, synthetic materials, and fertilizers, petroleum products, rubber and plastics products, lumber and products, primary metals, fabricated metals, and stone, clay, and glass products. Advanced processing manufacturing includes foods, tobacco products, apparel products, printing and publishing, chemical products and other agricultural chemicals, leather and products, furniture and fixtures, industrial machinery and equipment, electrical machinery, transportation equipment, instruments, and miscellaneous manufactures. 6 Table 2B INDUSTRIAL PRODUCTION: INDUSTRY GROUPS Percent change Seasonally adjusted annual rate I 1995 Q 4 ' 1996 "T957 to SIC 1996 Q4 Q4 Q2 r Q3P Q1 Item Seasonally adjusted hres? Juner Julv r I r Seot.P .5 .7 Aua. Not seasonally adjusted 1997 Julvr Aug/ Seot.P Juner 4.5 4.4 4.3 4.1 4.3 5.3 4.1 7.9 .5 .9 .8 .4 3.4 2.9 4.8 2.3 5.2 3.0 6.4 3.6 4.3 4.2 9.7 -.1 .7 .7 1.0 .1 1.0 .7 .3 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 12.6 -3.8 -1.8 3.0 1.0 .5 .5 .6 1.1 -1.0 -.8 .6 1.5 -.6 -.9 .1 .4 .1 I .8 I .0 5.0 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 3672-9 Semiconductors 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 8.2 3.8 10.7 13.3 3.7 -.2 -2.6 -.6 2.6 -.2 .5 .3 .3 .8 .6 -.3 -.8 .8 .4 .5 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 20.9 52.5 21.6 39.0 1.0 3.3 2.0 2.7 2.6 4.5 2.3 3.8 37 371 372-6,9 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 16.7 22.0 20.2 10.7 4.3 4.5 1.9 2.7 1.2 1.0 .6 .4 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 2.5 2.3 1.5 11.1 -2.2 9.1 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 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 -3.9 491,3pt 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 5.6 3.8 3.1 4.8 4.7 3.4 5.2 3.2 1.8 3.9 Total index Manufacturing Primary processing Advanced processing Durable Lumber and products Furniture and fixtures Stone, clay, and glass products Transportation equipment Motor vehicles and parts Autos and light trucks Aerospace and misc. Instruments Miscellaneous Nondurable Foods Tobacco products Textile mill products Apparel products Paper and products Printing and publishing Chemicals and products Petroleum products Rubber and plastics products Leather and products Mining Metal mining Coal mining Oil and gas extraction Stone and earth minerals Utilities Electric Gas 24 25 32 Sept. 96 to Sept. 97 4.3 .7 5.5 -3.0 5.1 1.1 5.8 2.0 4.1 -2.8 -3.1 3.2 6.1 1.5 .9 3.6 6.8 3.1 4.3 3.0 -5.0 -5.5 -2.4 -2.1 6.7 4.8 6.5 3.5 1.6 .4 -.1 -1.1 8.5 1.9 4.2 1.0 2.7 5.4 6.2 -.2 .3 -.5 -2.2 -.5 1.5 2.5 -4.5 -4.2 -3.9 -4.8 -2.0 2.3 .0 1.4 4.8 3.9 6.4 10.2 9.2 2.4 I 1.2 6.1 7.4 9.7 4.7 2.6 2.7 3.5 1.1 2.4 -.2 3.0 .8 2.1 4.5 9.4 3.8 4.0 -1.1 7.1 .0 1.2 4.8 3.7 2.8 3.3 1.7 -.4 2.9 3.8 13.6 34.0 14.7 31.3 .3 -.3 -5.1 .9 -.4 1.2 3.5 6.0 11.9 .7 1.3 -.5 .2 -.1 2.0 .6 -.3 -.2 1.9 2.5 -.9 1.1 3.6 1.3 -19.9 -34.8 -40.7 -1.5 -.4 -3.5 23.5 51.5 64.7 .7 2.0 4.4 .1 -1.3 3.9 1.8 .7 1.9 8.9 5.7 4.7 13.2 3.4 4.6 -.2 -.2 -2.3 1.5 .0 -1.0 .7 .7 1.4 2.2 -.3 2.8 -.1 -.2 1.6 -.3 -.6 -.8 .5 .3 -.5 .2 3.8 4.0 13.0 4.3 2.3 2.2 -.7 .7 -22.0 -7.5 -4.4 -.4 3.3 4.1 30.8 7.4 4.7 2.1 .5 1.4 -7.1 -.5 .2 .2 2.6 2.5 -.4 3.8 -2.6 6.0 1.3 .3 -3.4 8.9 -14.4 .0 -.4 -.7 .4 -1.8 .4 .8 -2.1 .2 -.3 -.3 -1.0 1.7 2.0 -2.0 .3 1.2 .6 4.9 3.5 2.1 2.4 .9 2.9 1.5 -1.9 -4.5 -8.0 1.7 .2 1.5 6.0 5.1 -.1 1.2 1.2 .3 .0 1.1 3.3 4.3 3.1 -7.5 -2.7 -2.3 7.3 -5.3 -1.4 -.2 3.1 -7.4 .8 2.0 -.2 -3.2 6.2 -.9 -3.3 -1.1 -.1 -3.7 -1.3 2.9 -•5 -.8 .1 .9 5.5 -2.8 .4 5.9 -1.3 -5.0 -2.4 -.3 -2.7 1.3 -.1 7.0 -.6 5.1 .6 2.6 .8 .4 .0 2.3 .1 2.9 2.1 4.0 3.3 -14.0 -.7 .6 -4.6 .9 2.0 -2.8 -1.2 -1.4 -.2 4.4 5.1 2.3 4.7 11.8 -24.9 9.5 11.7 -4.0 -2.2 -2.2 -2.3 -3.5 -4.2 .9 4.7 5.8 .7 7.2 6.7 5.1 .3 .4 .2 1.0 .8 .6 .5 .7 .6 •5 3.4 3.2 3.1 -1.2 -3.4 -3.6 3.3 5.2 5.3 1.2 1.2 1.0 5.8 5.0 3.7 7.0 8.9 I .3 .8 •1 1.2 -•1 -.5 -•5 1.4 3.3 -2.0 SPECIAL AGGREGATES Manufacturing excluding: Motor vehicles and parts Computer and office equipment Computers and semiconductors 4.5 3.3 2.7 I Note—Percent changes shown in the first and last columns are based on seasonally adjusted data. •4 .3 Table 3 CAPACITY UTILIZATION: MANUFACTURING, MINING, AND UTILITIES Percent of capacity, seasonally adjusted 1996 SIC Proportion Item I 19671996 Ave. 1973 High 19781980 High 1982 Low 19881989 High 19901991 j 19§6 Low Sept. 1997 Apr. May Juner Julvr Aug.1" Sept.P Total industry 100.00 82.1 89.2 87.3 71.1 85.3 78.1 83.1 83.6 83.5 83.5 83.9 84.1 84.4 Manufacturing 87.43 81.2 88.5 86.9 69.0 85.7 76.6 82.1 82.6 82.4 82.5 82.9 83.3 83.4 Primary processing Advanced processing 26.61 60.81 82.3 80.6 91.2 87.2 88.1 86.7 66.2 70.4 88.9 84.2 77.8 76.1 86.6 80.2 87.1 80.6 87.1 80.3 86.9 80.6 87.3 81.0 87.3 81.5 87.7 81.4 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 87.7 87.9 85.5 88.0 63.9 60.8 68.9 64,3 84.5 93.6 86.6 83.6 73.2 ! 81.9 75.5 85.5 72.5 i 80.6 69.7 80.5 82.2 86.3 82.4 80.0 82.0 86.3 83.1 79.1 82.4 86.5 83.4 79.4 82.8 85.4 82.5 79.7 83.6 84.7 81.7 79.6 83.5 84.5 82.1 79.4 333-6,9 3331 3334 3.22 1.75 .08 1.46 .08 .10 80.8 80.6 80.6 81.3 74.1 88.5 100.2 105.8 102.7 90.8 93.4 95.7 94.2 95.8 95.8 91.1 81.5 97.6 45.1 37.0 35.2 60.1 42.1 58.6 92.7 95.2 92.7 89.3 86.3 100.4 73.7 ! 91.8 71.8 88.7 71.5 91.4 74.2 95.7 73.6 86.3 97.3 85.6 90.5 87.9 92.0 93.7 94.8 86.3 92.5 90.8 91.7 94.8 90.3 85.7 92.1 88.2 90.6 97.0 95.5 86.3 92.3 88.2 90.3 97.4 97.4 85.9 91.8 87.2 90.5 97.5 97.7 86.3 94.0 91.7 95.6 97.1 85.9 34 5.18 78.2 87.8 83.9 63.7 82.0 72.2 84.5 84.2 84.2 83.8 84.1 84.4 84.4 35 357 I 36 8.92 2.37 8.77 81.5 81.5 81.1 96.0 90.9 89.2 93.2 92.6 89.4 64.0 65.5 71.6 85.4 86.9 84.0 72.4 66.9 75.1 89.6 92.9 81.3 90.0 87.6 79.8 88.7 87.0 79.4 88.6 87.4 80.1 90.0 88.8 81.0 91.5 89.4 80.9 90.5 89.5 80.5 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 72.5 71.9 79.1 73.3 79.3 78.1 74.1 70.2 73.2 79.5 80.2 80.1 73.8 69.2 74.6 80.0 80.9 80.0 75.1 71.0 75.3 80.6 81.3 80.3 75.2 70.7 71.4 81.2 81.0 81.1 77.7 74.9 79.7 81.5 82.0 80.6 77.7 74.8 81.1 81.8 81.7 80.4 20 22 23 26 261-3 27 39.73 9.48 1.60 1.99 3.17 1.26 6.55 83.4 83.0 85.5 81.1 89.3 92.4 85.9 87.8 86.0 91.4 84.2 97.1 97.2 89.7 87.5 84.6 91.2 87.5 96.1 98.3 93.9 76.4 79.1 72.3 77.5 80.6 82.0 82.0 87.3 85.4 90.4 85.1 93.5 98.0 91.7 80.7 82.7 77.7 I 75.5 85.0 89.9 79.6 82.4 80.8 82.2 75.0 88.4 91.2 81.4 83.0 81.5 82.7 73.2 90.6 92.6 82.2 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 83.1 81.5 84.7 73.3 92.5 94.7 82.8 82.8 81.2 84.3 72.8 91.7 94.7 82.5 83.2 81.4 84.5 72.9 92.8 82.8 28 Chemicals and products 2821 Plastics materials Synthetic fibers 2823,4 Petroleum products 29 Rubber and plastics products 30 Leather and products 31 10.69 .78 .36 1.50 3.43 .24 79.6 86.6 85.1 86.3 84.9 81.2 87.6 102.0 93.8 96.7 95.5 81.3 84.6 90.9 98.6 90.0 91.2 92.1 69.9 63.4 64.4 66.8 72.7 75.8 86.2 97.0 99.7 88.5 89.6 83.3 79.3 74.8 77.6 85.1 77.4 76.1 78.6 95.4 89.2 94.0 92.7 71.1 79.6 93.3 95.0 97.0 91.1 71.5 79.0 92.5 83.3 98.2 91.6 70.0 78.5 92.0 82.6 97.4 91.8 68.9 78.9 94.4 91.6 95.2 91.8 68.8 77.9 78.6 85.2 96.8 93.4 67.6 97.3 93.1 67.4 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 88.7 85.8 92.0 79.7 94.1 92.9 87.0 83.5 95.5 103.6 95.8 94.6 87.5 92.9 95.8 104.1 94.9 94.2 90.1 86.0 96.4 108.2 96.6 93.8 87.1 91.3 95.4 99.7 93.3 92.6 87.0 87.8 94.0 97.4 95.7 92.0 88.1 87.3 93.0 92.9 95.7 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 88.6 89.6 84.9 89.6 90.6 85.6 88.5 88.0 90.0 87.9 88.4 85.8 88.5 90.0 83.3 87.4 88.6 83.1 91.2 93.0 84.9 Primary metals Iron and steel Raw steel Nonferrous Primary copper Primary aluminum 33 331,2 Fabricated metal products Industrial machinery and equipment Computer arid office equip. Electrical machinery 37 Transportation equipment Motor vehicles and parts 371 1 Autos and light trucks Aerospace and misc. 372-6,9 Instruments 38 Miscellaneous 39 Nondurable Foods Textile mill products Apparel products Paper and products Pulp and paper Printing and publishing Mining Metal mining Coal mining Oil and gas extraction Oil and gas well drilling Stone and earth minerals Utilities Electric Gas 10 12 13 138 14 5.29 .42 .85 3.50 .65 .52 491,3pt 492,3pt 7.28 5.59 1.69 ! 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 Percent change Annual rate December to December i 1967- 1967- 19751997 1975 1997 SIC Ave. Ave. Ave. 1993 1994 1995 1996 1997P Item Capacity indexes Percent of 1992 output 1996 Sept. 1997 Apr. Mav June July Aug. Sept. Total industry 2.8 3.8 2.4 1.8 2.9 3.4 3.7 4.0 139.6 142.7 143.2 143.6 144.1 144.6 145.0 Manufacturing 3.1 4.0 2.8 2.0 3.2 3.8 4.1 4.3 142.9 146.4 146.9 147.4 147.9 148.5 149.0 Primary processing Advanced processing 2.2 3.6 4.1 4.0 1.4 3.5 1.2 2.4 2.1 3.8 2.1 4.6 2.4 4.9 2.4 5.3 130.9 148.8 132.7 153.2 132.9 153.8 133.2 154.5 133.5 155.2 133.7 155.8 134.0 156.5 Durable 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 2.4 155.3 129.4 135.0 140.5 160.9 131.7 136.8 142.3 161.8 132.0 137.1 142.6 162.7 132.4 137.3 142.9 163.6 132.7 137.6 143.2 164.5 133.1 137.8 143.5 165.4 133.5 138.1 143.8 33 331,2 333-6,9 3331 3334 .3 -.4 -.8 1.5 .3 1.2 1.7 .7 .3 3.8 1.8 5.2 -.3 -.8 -1.2 .6 -.3 -.4 -.1 -.8 -4.3 .9 5.2 .5 1.5 3.1 1.4 -.4 -1.1 .0 1.8 1.8 3.3 1.8 2.5 .0 3.5 4.8 .9 1.9 -2.9 .0 3.5 3.6 6.6 3.4 .7 .0 130.2 132.4 123.2 127.3 128.0 103.7 132.9 135.7 125.5 129.4 126.9 103.7 133.3 136.0 126.3 129.8 127.0 103.7 133.7 136.4 127.0 130.2 127.1 103.7 134.1 136.8 127.8 130.5 127.2 103.7 134.5 137.2 128.5 130.9 127.3 103.7 134.9 137.6 129.3 131.3 127.5 103.7 34 1.6 3.1 1.1 1.6 1.4 2.8 2.9 2.7 141.1 143.4 143.7 144.0 144.3 144.7 145.0 35 357 36 5.3 20.4 7.4 4.7 12.0 5.9 5.6 24.0 8.1 4.8 19.4 8.3 6.5 23.1 12.0 9.2 29.5 17.0 11.6 36.7 16.5 12.8 39.8 15.5 177.9 343.5 203.2 190.3 415.3 221.5 192.3 194.3 196.2 198.1 200.1 427.1 439.3 451.7 464.6 477.8 224.2 227,0 229.6 232.4 235.2 37 Transportation equipment Motor vehicles and parts 371 1 Autos and light trucks Aerospace and misc. 372-6,9 Instruments 38 Miscellaneous 39 2.6 3.3 3.0 4.4 2.4 2.8 1.5 4.5 2.1 1.1 7.6 4.4 1.6 3.2 1.2 .7 3.0 -.2 -2.0 .5 1.5 3.2 7.9 6.2 -2.1 .1 1.4 2.8 7.1 5.7 -2.6 .0 1.4 1.1 3.0 1.5 -1.4 .0 1.4 1.9 1.3 2.2 2.5 .5 1.7 148.0 176.5 161.1 120.0 129.9 144.7 149.1 178.6 162.8 120.2 130.1 146.0 149.4 178.7 163.1 120.5 130.1 146.2 149.6 178.9 163.4 120.8 130.2 146.4 149.9 179.1 163.7 121.1 130.2 146.6 150.2 179.3 164.1 121.4 130.3 146.8 150.4 179.5 164.4 121.7 130.3 147.0 20 22 23 26 261-3 27 2.7 2.4 2.2 1.2 2.7 2.4 2.5 4.3 3.0 4.4 2.3 3.9 2.9 3.0 2.0 2.1 1.3 .7 2.2 2.2 2.3 1.3 1.8 2.5 .5 2.3 1.8 -.9 1.9 2.0 3.7 .4 1.4 1.9 .0 1.6 2.1 4.1 3.2 2.0 3.0 -.2 1.7 1.9 2.3 1.1 1.5 2.2 -.6 1.6 1.8 .5 .0 1.0 1.6 -.7 129.8 131.4 130.4 130.9 123.0 119.2 121.6 130.9 132.8 131.4 131.2 123.8 120.4 121.2 131.1 133.0 131.4 131.2 123.9 120.6 121.1 131.3 133.2 131.5 131.2 124.0 120.7 121.1 131.5 133.4 131.5 131.2 124.1 120.9 121.0 131.6 133.6 131.6 131.2 124.2 121.1 120.9 131.8 133.8 131.6 131.2 124.3 121.2 120.8 28 Chemicals and products Plastics materials 2821 Synthetic fibers 2823,4 Petroleum products 29 Rubber and plastics products 30 Leather and products 31 3.7 6.5 3.9 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 -2.8 139.6 132.5 121.8 113.7 132.6 111.6 142.2 137.4 123.5 114.1 134.3 110.3 142.6 138.1 124.0 114.2 134.7 110.0 143.0 138.7 124.5 114.3 135.0 109.7 143.3 139.4 125.0 114.4 135.4 109.5 143.7 140.0 125.5 114.5 135.7 109.2 144.2 140.7 126.0 114.6 136.1 108.9 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 2.3 113.7 118.7 123.7 109.2 147.4 126.0 114.1 119.1 124.6 109.4 147.2 127.6 114.3 119.1 124.7 109.6 148.2 127.9 114.4 119.2 124.9 109.8 149.1 128.1 114.6 119.3 125.0 110.0 150.1 128.3 114.8 119.5 125.1 110.1 151.0 128.6 114.9 119.6 125.3 110.3 152.0 128.8 491,3pt 492,3pt 2.8 3.9 .3 6.1 7.8 2.3 1.5 2.3 -.5 .8 1.3 .2 1.2 1.0 .4 1.9 2.4 .5 2.1 2.6 .8 1.5 1.7 .5 125.4 123.9 131.7 126.8 125.4 132.2 127.0 125.6 132.3 127.1 125.8 132.3 127.3 125.9 132.4 127.4 126.1 132.4 127.6 126.3 132.5 Primary metals Iron and steel Raw steel Nonferrous Primary copper Primary aluminum Fabricated metal products Industrial machinery and equipment Computer and office equip. Electrical machinery Nondurable Foods Textile mill products Apparel products Paper and products Pulp and paper Printing and publishing Mining Metal mining Coal mining Oil and gas extraction Oil and gas well drilling Stone and earth minerals Utilities Electric Gas p. Preliminary estimate for current year. 1. Series begins in 1977. y Table 5A INDUSTRIAL PRODUCTION, CAPACITY AND UTILIZATION FOR TOTAL INDUSTRY: HISTORICAL DATA Seasonally adjusted Jan. Feb. Mar. Apr. May June July Aug- Sept. Oct. Nov. Dec. Q1 Q2 Q3 Q4 Annual Industrial Production, Percent Change 1 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 .5 .4 .1 .7 -.4 .2 .2 .8 .1 .4 3.9 1.6 4.4 -.7 6.2 4.3 3.2 3.3 7.0 .8 4.5 3.3 2.8 Industrial Production 1985 1986 1987 1988 1989 86.9 89.6 90.2 95.8 99.7 87.6 88.9 91.2 96.1 98.9 87.8 88.0 91.5 96.2 99.8 88.0 88.7 91.9 96.7 100.1 88.2 88.5 92.3 96.8 99.5 88.0 88.2 93.1 96.8 99.3 87.6 88.5 93.7 97.4 98.3 88.1 88.7 93.8 98.0 98.7 88.6 88.7 93.7 97.6 98.5 87.9 89.5 94.9 97.9 98.1 88.4 89.9 95.2 98,6 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 ^/.y 98.1 101.9 104.6 110.6 99.0 97.1 97.4 I 95.8 101.9 98.2 105.4 102.6 111.6 106.3 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 111.9 112.4 117.8 111.6 113.8 118.4 111.7 113.2 118.8 111.4 114.3 119.3 111.5 114.8 119.5 111.7 115.5 119.9 111.7 115.5 120.9 112.6 113.0 115.8 116.0 121.5. 122.4 112.5 116.2 112.7 117.2 112.8 117.7 111.8 113.1 118.3 111.6 114.8 119.6 112.4 115.8 121.6 112.7 117.0 112.1 115.2 Capacity 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* 119.5 121.7 123.8 126.0 128.6 119.7 121.9 124.0 126.2 128.9 119.9 122.0 124.2 126.4 129.2 120.0 122.2 124.4 126.6 129.5 120.2 122.4 124.6 126.7 129.8 120.4 122.5 124.7 126.9 130.1 120.6 122.7 124.9 127.1 130.5 120.8 122.8 125.1 127.3 130.8 121.0 123.0 125.3 127.5 131.1 121.2 123.2 125.5 127.7 131.4 119.3 121.5 123.6 125.8 128.3 119.9 122.0 124.2 126.4 129.2 120.4 122.5 124.7 126.9 130.1 121.0 123.0 125.3 127.5 131.1 120.1 122.3 124.4 126.7 129.7 1995 1996 1997 131.8 136.3 141.3 132.1 136.7 141.8 132.5 137.1 142.2 132.8 137.5 142.7 133.2 137.9 143.2 133.6 138.4 143.6 134.0 138.8 144.1 134.3 139.2 144.6 134.7 139.6 145.0 135.1 140.0 135.5 140.5 135.9 140.9 132.1 136.7 141.8 133.2 137.9 143.2 134.3 139.2 144.6 135.5 140.5 133.8 138.6 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 84.4 83.3 83.0 83.2 83.4 83.0 83.5 84.6 82.8 83.5 83.7 83.3 83.5 83.7 83.2 84.1 83.2 83.3 83.8 83.1 Year Utilization 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. May June July Aug. Sept. Oct. Nov. Dec. Q1 Q2 Q3 Q4 Annual .1 1.5 -.8 -.2 .9 .6 -.5 1.6 .4 -1.2 .7 -.9 .2 -.1 .8 .2 1.4 .5 1.0 .1 .5 -.1 .3 -.1 -.7 -.3 -.3 1.0 .0 .0 -.4 .3 .7 .7 -1.1 .9 .6 -.2 .3 .4 .4 .0 .1 .2 -.3 -.8 .8 1.3 .2 -.6 1.1 .4 .5 1.0 .4 -.1 1.2 .6 .6 .1 2.1 4.5 5.0 2.4 4.3 4.2 1.7 7.0 4.1 -.7 1.1 1.7 5.5 3.7 -4.5 1.6 6.7 7.6 5.2 -1.4 2.3 2.8 5.3 4.7 1.9 -.2 -.9 .8 .1 .9 -.7 .8 .3 .6 .3 -1.1 .9 .1 .9 -.8 .3 .6 .5 .7 .4 .7 .4 -.5 .7 -.1 1.4 -.1 .0 .2 .0 .2 .7 .3 .8 .3 .2 -.3 -.3 .1 .0 1.1 .4 1.1 .2 -.6 -.1 .7 .2 .7 -1.3 -.2 .6 .5 .7 -.6 -.5 -.1 .8 .9 2.9 -9.7 2.3 4.5 6.3 -.1 1.2 7.3 1.4 8.1 .8 7.8 2.8 1.2 5.0 -6.3 1.7 5.1 6.2 6.7 -.5 -2.4 4.0 3.7 5.5 .4 -.4 .1 -.4 1.3 .6 .1 -.8 .4 -.3 1.1 .3 -.1 .4 .1 .2 .7 .5 -.1 .5 .9 .7 .1 .8 .7 .2 .4 -.4 .2 -.1 .8 .1 4.2 .6 I 1 . 1 5.3 -1.4 6.3 4.1 2.6 5.0 7.9 1.0 4.3 3.5 2.7 Industrial Production 1985 1986 1987 1988 1989 84.4 87.9 89.6 95.4 100.3 84.9 87.4 91.0 95.8 99.1 85.4 86.6 91.2 95.7 99.9 85.6 87.8 91.6 96.7 100.0 86.0 87.7 91.9 96.6 99.4 85.7 87.5 92.8 96.6 99.4 85.4 87.7 93.4 97.2 98.3 86.1 88.2 93.3 97.5 98.7 86.4 88.2 93.4 97.7 98.4 85.7 88.9 94.6 97.9 97.9 86.7 89.3 95.0 98.9 98.2 86.6 90.3 95.6 99.4 98.3 84.9 87.3 90.6 95.7 99.8 85.8 87.7 92.1 96.6 99.6 86.0 88.0 93.4 97.5 98.5 86.3 89.5 95.1 98.7 98.1 85.7 88.1 92.8 97.1 99.0 1990 1991 1992 1993 1994 98.1 95.8 97.2 102.6 106.0 99.0 95.1 98.0 102.9 106.6 99.3 94.1 98.9 103.0 107.5 98.6 94.4 99.5 103.6 108.2 99.0 95.0 100.0 103.0 109.0 98.9 96.3 99.9 103.0 109.2 98.8 96.6 100.5 103.4 110.0 99.1 96.8 100.2 103.0 110.1 99.1 97.8 100.6 104.2 110.3 98.5 97.8 101.4 104.4 111.1 97.2 97.6 102.0 105.0 111.9 96.6 97.1 101.8 105.9 112.9 98.8 95.0 98.0 102.9 106.7 98.8 95.2 99.8 103.2 108.8 99.0 97.0 100.5 103.5 110.2 97.4 97.5 101.7 105.1 111.9 98.5 96.2 100.0 103.7 109.4 1995 1996 1997 113.3 113.4 119.3 112.9 114.8 120.1 113.1 113.9 120.6 112.7 115.2 120.9 112.6 115.7 121.0 112.9 116.4 121.6 112.7 117.0 122.7 113.4 117.2 123.6 114.2 117.4 124.2 113.8 117.6 113.6 118.5 113.8 119.2 113.1 114.0 120.0 112.7 115.8 121.2 113.4 117.2 123.5 113.7 118.4 113.2 116.3 Capacity 1985 1986 1987 1988 1989 107.0 111.0 113.2 115.1 117.0 107.3 111.2 113.4 115.3 117.3 107.6 111.4 113.6 115.4 117.5 108.0 111.6 113,8 115.5 117.8 108.3 111.7 113.9 115.7 118.0 108.7 111.9 114.1 115.8 118.3 109.0 112.1 114.2 116.0 118.5 109.3 112.3 114.4 116.1 118.7 109.7 112.5 114.6 116.3 119.0 110.0 112.7 114.7 116.5 119.2 110.4 112.9 114.9 116.6 119.5 110.7 113.0 115.0 116.8 119.7 107.3 111.2 113.4 115.3 117.3 108.3 111.7 113.9 115.7 118.0 109.3 112.3 114.4 116.1 118.7 110.4 112.9 114.9 116.6 119.5 108.8 112.0 114.1 115.9 118.4 1990 1991 1992 1993 1994 119.9 122.4 124.5 127.2 129.8 120.1 122.6 124.7 127.4 130.1 120.3 122.7 125.0 127.6 130.5 120.5 122:9 125.2 127.8 130.8 120.7 123.1 125.4 128.0 131.2 120.9 123.3 125.7 128.2 131.5 121.1 123.5 125.9 128.4 131.9 121.3 123.6 126.1 128.6 132.2 121.5 123.8 126.3 128.9 132.6 121.7 124.0 126.5 129.1 132.9 121.9 124.2 126.8 129.3 133.3 122.2 124.3 127.0 129.5 133.6 120.1 122.6 124.7 127.4 130.1 120.7 123.1 125.4 128.0 131.2 121.3 123.6 126.1 128.7 132.2 121.9 124.1 126.8 129.3 133.3 121.0 123.4 125.8 128.3 131.7 1995 1996 1997 134.0 139.1 144.9 134.4 139.6 145.3 134.8 140.1 145.8 135.2 140.5 146.4 135.6 141.0 146.9 136.0 141.5 147.4 136.5 142.0 147.9 136.9 142.5 148.5 137.3 142.9 149.0 137.8 143.4 138.2 143.9 138.7 144.4 134.4 139.6 145.3 135.6 141.0 146.9 136.9 142.5 148.5 138.2 143.9 136.3 141.7 78.9 79.1 79.1 82.9 85.7 79.1 78.6 80.2 83.1 84.5 79.3 77.8 80.3 82.9 85.0 79.2 78.7 80.6 83.7 84.9 79.4 78.5 80.7 83.5 84.2 78.9 78.1 81.4 83.4 84.1 78.3 78.2 81.8 83.8 83.0 78.8 78.6 81.5 84.0 83.1 78.8 78.4 81.5 84.0 82.7 77.9 78.9 82.5 84.1 82.1 78.5 79.1 82.8 84.8 82.2 78.2 79.9 83.1 85.1 82.2 79.1 78.5 79.9 83.0 85.1 79.2 78.5 80.9 83.5 84.4 78.6 78.4 81.6 83.9 82.9 78.2 79.3 82.8 84.7 82.1 78.8 78.7 81.3 83.8 83.6 1990 1991 1992 1993 1994 81.8 78.2 78.1 80.7 81.6 82.4 77.6 78.6 80.8 81.9 82.6 76.6 79.1 80.7 82.4 81.8 76.8 79.5 81.0 82.7 82.0 77.2 79.7 80.5 83.1 81.8 78.1 79.5 80.4 83.0 81.6 78.2 79.9 80.5 83.4 81.7 78.3 79.5 80.1 83.3 81.5 79.0 79.7 80.9 83.2 80.9 78.9 80.1 80.9 83.6 79.7 78.6 80.4 81.2 84.0 79.1 78.1 80.2 81.7 84.5 82.3 77.5 78.6 80.7 82.0 81.9 77.4 79.5 80.6 83.0 81.6 78.5 79.7 80.5 83.3 79.9 78.5 80.2 81.3 84.0 81.4 78.0 79.5 80.8 83.1 1995 1996 1997 84.6 81.5 82.4 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 83.3 83.2 82.1 83.4 82.6 82.0 82.2 82.4 82.0 82.5 84.2 81.7 82.5 83.1 82.1 82.5 82.9 82.3 83.2 82.3 82.3 83.1 82.1 Year Industrial Production, Percent Change 1 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 Utilization 1985 1986 1987 1988 1989 I .2 I 1. Quarterly percent changes are at annual rates. Annual percent changes are calculated from annual averages. 11 Table 6 INDUSTRIAL PRODUCTION: INDUSTRY SUBTOTALS AND INDIVIDUAL SERIES SIC Item Metal mining Iron ore Nonferrous ores Copper 1997 Mar. Apr. May June1" Index. 1992=100 I Not seasonally adjusted 1997 r r Julv Aug. Mar. Apr. May Juner Julvr .42 .06 .36 .12 104.8 116.2 103.2 111.3 103.5 109.0 102.9 106.4 104.2 108.9 103.6 108.4 107.4 110.7 107.1 119.8 104.0 102.0 104.5 109.9 103.9 114.5 102.4 103.4 104.8 110.4 104.2 108.7 102.7 103.0 102.9 107.3 104.8 114.0 103.7 105.9 12 .87 105.2 104.1 115.9 107.4 114.1 109.8 112.2 103.9 13 131 105.4 104.5 96.7 96.1 ! 88.4 88.7 108.0 106.3 113.6 108.7 153.4 152.5 105.0 96.4 87.2 109.1 107.8 154.2 105.8 96.0 86.8 108.7 109.1 161.4 104.9 97.2 87.7 110.3 109.9 149.6 103.5 95.8 86.8 132 138 3.71 2.84 1.52 1.32 .22 .64 111.0 147.1 103.7 96.9 88.6 108.4 113.5 140.4 14 .60 128.8 122.3 121.3 123.7 119.7 123.1 20 201 9.37 1.26 .48 .27 .49 .02 .81 .01 .19 108.3 108.1 112.6 113.9 111.4 113.1 96.1 95.1 126.6 128.9 92.5 93.9 100.2 100.6 80.8 76.0 108.7 109.5 91.5 93.1 98.7 97.8 101.6 101.6 107.9 112.4 108.8 100.5 125.7 93.1 102.2 76.4 111.8 95.7 99.0 102.7 108.7 114.3 112.0 102.9 126.0 91.8 103.0 80.6 113.3 100.8 94.4 103.0 Oil and gas extraction Crude oil and natural gas Crude oil, total Natural gas Natural gas liquids Oil and gas well drilling Stone and earth minerals Foods Meat products Beef Pork Poultry Miscellaneous meats Dairy products Butter Cheese Concentrated milk Frozen desserts Milk and misc. dairy products Tobacco products Seasonally adjusted 10 101 102-4,8,9 102 Coal mining Canned and frozen food Grain mill products Bakery products Sugar and confectionery Fats and oils Beverages Beer and ale Soft drinks Coffee and miscellaneous Roasted coffee 1996 IP Proportion 110.6 115.8 110.1 123.6 105.0 107.6 104.9 112.5 109.9 106.9 104.3 111.6 103.3 96.6 88.7 107.6 109.9 140.8 103.5 96.4 87.5 108.6 108.6 143.6 103.9 95.6 86.7 107.9 109.5 150.4 103.5 95.4 86.2 108.2 110.4 148.8 102.9 94.0 85.7 111.2 151.2 104.3 121.2 133.1 141.0 137.1 144.1 108.5 114.4 112.8 100.6 127.2 89.9 102.5 77.1 111.7 99.1 94.1 103.6 103.7 110.4 105.0 101.4 122.4 104.9 104.3 85.2 112.8 96.7 104.4 104.6 104.6 113.8 10915 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 68.3 114.6 107.5 126.7 106.2 111.0 110.7 113.2 90.7 122.4 83.4 104.7 62.9 108.7 97.8 117.7 102.7 115.6 116.9 118.6 96.4 129.9 85.5 99.4 57.4 105.9 84.7 110.2 100.8 97.6 107.0 95.5 106.7 101.5 108.6 112.9 105.5 98.0 82.1 96.4 105.7 96.4 98.8 98.9 111.6 115.9 109.6 102.0 93.0 99.0 106.2 99.7 96.9 93.5 113.8 117.7 113.9 106.0 97.2 104.3 106.6 107.0 99.5 93.5 120.4 122.7 121.5 111.7 85.7 110.4 108.5 113.2 95.5 87.8 120.5 123.4 109.0 116.8 107.7 91.1 125.0 129.6 117.7 90.5 134.9 120.1 .34 203 204 205 206 207 208 2082,3 2086,7 209 2095 1.30 1.30 1.03 .64 .24 1.74 .54 .98 1.05 .17 107.7 109.5 103.4 114.6 99.0 115.1 115.9 115.9 107.5 98.2 106.8 108.5 102.6 114.4 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 95.7 108.0 109.9 104.0 107.1 95.9 111.0 104.8 106.6 105.0 110.3 96.5 113.6 115.6 111.4 99.0 118.0 111.2 21 1.16 106.9 105.5 104.2 101.8 103.3 104.9 105.8 108.6 100.3 113:4 88.5 115.7 108.9 105.3 105.3 113.4 111.9 114.7 96.8 108.0 114.7 106.4 111.3 113.4 115.3 115.4 112.3 115.3 106.0 96,6 117.2 110.4 111.0 107.1 112.2 104.9 104.7 113.7 114.8 109.9 105.5 112.1 106.0 93.3 ! 94.7 111.9 111.5 117.8 114.1 110.1 104.8 113.3 115.9 117.2 115.7 112.1 108.0 104.0 114.7 115.1 108.6 110.7 109.3 108.6 116.5 118.7 119.9 98.3 95.4 115.4 108.7 115.5 106.9 105.7 118.0 126.3 127.0 96.5 118.6 118.4 110.8 106.9 102.2 102.8 109.0 113.9 120.2 93.4 102.1 111.3 102.0 114.8 114.8 115.7 117.9 128.5 97.2 111.8 119.9 113.9 95.5 94.5 96.3 98.5 94.2 98.6 111.4 114.0 101.7 102.0 86.1 86.4 118.7 123.0 110.4 113.5 100.1 102.0 163.0 176.2 112.6 99.6 90.0 122.2 115.4 103.0 170.2 118.2 108.6 95.7 125.4 117.8 105.3 176.5 111.6 101.2 97.7 119.6 115.9 98.8 150.8 117.0 107.3 101.2 124.4 116.9 100.4 179.2 202 2021 2022 2023 2024 2026 I 14 -.12 108.6 107.3 111.3 103.4 113.4 103.1 116.7 115.4 111.9 113.8 113.6 116.5 99.1 92.7 96.2 102.6 112.1 112.4 102.5 102.3 1.57 .39 .32 .04 .44 .32 .15 .18 .41 .19 108.2 102.5 103.3 116.1 112.1 113.4 95.3 116.8 111.2 100.0 Apparel products 23 1.80 96.3 96.1 96.4 96.4 96.1 95.5 24 241,2 241 243-5,9 243 2435,6 245 2.06 .79 .28 1.27 .65 .15 .23 113.3 104.7 93.0 119.8 114.0 100.1 160.9 113.6 103.2 95.3 121.5 114.4 101.1 168.0 114.0 103.1 94.2 122.1 114.3 101.1 166.4 114.6 104.8 93.1 121.9 114.8 103.3 163.1 113.4 101.6 93.0 122.2 115.3 102.0 166.3 112.7 103.1 91.5 119.9 112.5 96.9 164.4 1. The IP proportion data are estimates of the industries' relative contributions to overall IP growth in the following year. 105.0 119.9 102.8 105.9 109.2 114.7 114.2 103.5 | 124.4 90.4 99.9 75.1 108.5 87.9 101.9 101.7 Textile mill products 22 Fabrics 221-4 Cotton and synthetic 221,2 Narrow fabrics 224 Knit goods 225 Knit garments 2253,4,7-9 Fabric finishing 226 Carpeting 227 Yarns and miscellaneous 228,9 Cotton and synthetic yarns 2281,2,4 Lumber and products Logging and lumber Logging Lumber products Millwork and plywood Plywood Manufactured homes Auq.r 12 Table 6 (continued) INDUSTRIAL PRODUCTION: INDUSTRY SUBTOTALS AND INDIVIDUAL SERIES I Item ; _ SIC 1996 ! IP Proportion1 Index. 1992=100 Seasonally adjusted ~~" Not seasonally adjusted 1997 Mar. Apr. May Juner JulV Auq.r 1997 Mar. Apr. May Juner Julvr Aug/ 25 251 1.30 .60 111.0 109.9 112.7 112.6 113.9 114.6 114.5 116.2 113.6 114.6 112.6 112.8 109.7 111.5 110.3 111.9 110.7 111.2 115.4 115.5 112.6 107.7 120.0 117.6 26 261-3 261 262 263 265,7 265 267 3.29 1.32 .09 .76 .46 1.97 .73 1.24 112.1 111.8 105.1 110.1 116.9 112.3 116.7 110.0 112.2 111.4 102.4 110.9 115.0 112.6 115.5 111.1 112.8 111.8 99.7 111.5 115.4 113.6 11.6.2 112.2 111.7 110.2 99.6 109.2 114.6 112.7 120.6 108.3 114.8 114.4 101.7 112.9 120.4 115.1 117.3 113.9 113.9 114.6 104.8 111.2 123.2 113.5 118.5 11-0.8 111.8 112.2 102.0 110.8 117.1 111.5 114.1 110.0 114.4 112.3 104.2 110.9 116.8 115.8 122.9 111.7 110.8 110.8 98.0 109.2 116.7 110.8 111.7 110.1 113.2 112.3 101.0 110.1 118.8 113.8 122.5 108.9 112.7 112.7 104.2 110.3 119.2 112.8 116.2 110.7 115.1 115.0 104.3 112.1 122.7 115.2 120.3 112.2 27 Printing and publishing Newspapers 271 Periodicals, books, and cards 272,3,7 Job printing 274-6,8,9 6.44 1.41 1.91 3.12 99.7 89.0 100.5 104.9 99.6 86.6 101.2 105.7 99.8 86.0 101.9 105.8 99.7 86.9 103.4 104.2 100.1 87.9 103.7 104.4 99.8 87.9 103.8 103.7 96.8 90.0 101.9 96.9 97.4 88.5 103.5 98.2 96.8 84.2 102.0 100.2 101.6 87.8 102.6 108.3 104.5 86.2 103.5 115.0 106.2 84.3 104.8 119.0 28 10.17 112.0 113.3 112.7 112.3 113.1 112.0 109.9 111.7 111.7 115.7 117.4 117.7 281,2,6 281 2812 2816 2819 4.06 .80 .06 .09 .51 .35 109.1 93.1 120.9 96.0 86.4 102.0 109.2 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 98.8 107.8 89.6 118.4 108.4 80.9 98.3 106.8 88.7 109.6 91.1 119.3 94.7 83.7 95.6 111.9 93.5 114.7 110.0 85.6 99.9 107.2 90.2 110.6 98.4 83.4 95.6 107.5 92.0 117.3 100.3 85.5 101.5 107.1 87.2 118.4 105.9 78.0 94.7 106.7 89.3 282 2821 2823,4 286 1.42 .90 .38 1.84 121.7 127.2 108.8 108.7 124.7 128.2 117.3 107.0 120.1 127.7 103.2 105.8 119.3 127.6 102.8 105.3 125.1 131.5 114.5 105.4 122.5 130.4 134.3 120.1 108.7 121.5 128.7 104.5 106.2 122.2 129.6 106.7 105.4 122.6 129.1 111.7 106.5 120.7 106.8 105.4 123.8 130.0 107.7 109.4 106.0 106.0 283-5,9 283 284 285 287 5.50 3.05 1.36 .50 .61 114.9 121.0 102.6 122.2 103.1 117.1 123.2 105.1 119.9 104.2 117.8 125.1 103.5 119.2 106.4 117.5 122.6 106.5 118.4 105.9 117.8 121.9 107.2 119.2 105.2 116.4 121.7 104.5 119.9 106.2 110.3 113.3 101.0 123.2 103.8 111.6 114.8 99.8 128.6 107.4 115.5 121.4 99.9 128.4 106.6 123.2 129.9 108.8 134.0 103.5 127.3 134.9 113.5 124.1 102.1 127.8 136.5 113.8 126.1 103.9 29 Petroleum products Petroleum refining and misc. 291,9 Miscellaneous petroleum products Distillate fuel oil Residual fuel oil Aviation fuel and kerosene Automotive gasoline Paving and roofing materials 295 1.75 1.57 .32 .30 .05 .15 .75 .19 108.1 106.5 104.7 112.6 72.1 111.4 106.8 120.0 110.7 109.4 113.4 111.8 70.2 112.3 109.4 119.6 112.1 111.0 115.8 118.6 69.1 111.4 109.3 119.1 111.3 110.5 109.2 117.8 84.4 114.1 109.5 116.2 108.9 107.8 107.8 113.1 74.8 113.3 107.3 117.0 110.8 110.2 110.1 115.4 72.7 111.4 111.0 113.6 101.9 101.8 99.6 109.6 71.6 105.7 101.5 100.0 107.6 107.0 111.4 110.7 69.1 106.2 107.1 110.0 113.6 112.4 121.5 118.6 69.2 107.6 110.5 121.4 116.0 114.6 124.8 118.3 81.4 112.6 111.8 125.6 113.7 111.8 123.7 113.1 72.3 115.9 108.7 128.2 115.4 113.6 126.0 115.0 71.9 110.8 111.7 128.6 Rubber and plastics products 30 Tires 301 Other rubber products 302,5,6 Plastics products, nee 308 3.78 .35 .62 2.81 124.0 129.8 113.1 126.0 122.3 109.1 115.6 125.7 123.4 113.7 113.3 127.2 124.0 123.1 115.8 126.1 124.2 123.5 117.4 126.0 126.8 129.5 118.8 128.4 123.9 132.3 114.1 125.3 122.8 118.2 112.4 126.0 123.2 114.0 113.6 126.8 126.2 127.4 120.0 127.6 120.4 106.3 118.6 122.7 127.7 130.7 124.4 128.2 31 314 .20 .09 78.4 80.7 78.8 79.0 77.0 78.5 75.6 75.9 75.4 74.8 73.8 74.5 78.0 78.8 78.5 77.6 77.0 78.2 77.7 78.2 71.5 71.4 75.1 76.2 Stone, clay, and glass products 32 Pressed and blown glass 322 Glass containers 3221 Cement 324 Structural clay products 325 Concrete and miscellaneous 326-9 2.12 .30 .13 .17 .10 1.26 113.5 93.4 72.5 123.5 129.3 116.1 113.8 95.5 72.8 113.8 132.0 116.4 112.8 93.3 71.4 113.4 130.8 116.0 113.5 92.9 72.8 112.4 129.9 117.9 114.1 96.5 73.7 116.7 128.1 116.9 114.3 95.2 75.6 110.2 94.1 74.7 100.4 129.3 113.6 113.7 96.9 76.7 116.9 133.5 115.7 114.0 95.7 75.2 125.7 135.6 115.5 117.5 96.8 78.7 136.5 138.5 119.2 115.1 98.4 77.5 133.3 122.9 116.1 119.1 98.5 78.2 Furniture and fixtures Household furniture Paper and products Pulp and paper Wood pulp Paper Paperboard Paper products Paperboard containers Converted paper products Chemicals and products Industrial chemicals and synthetic materials Basic chemicals Alkalies and chlorine Inorganic pigments Inorganic chemicals, nee 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 96.2 81.5 98.2 126.2 117.6 1. The IP proportion data are estimates of the industries' relative contributions to overall IP growth in the following year. 13 94.9 81.9 100.2 133.6 120.0 Table 6 (continued) INDUSTRIAL PRODUCTION: INDUSTRY SUBTOTALS AND INDIVIDUAL SERIES | tZZZZ 1996 IP 1997 SIC Proportion1 Mar. Item Primary metals Iron and steel Basic steel and mill products Basic iron and steel Pig iron Raw steel 33 331,2 331 Seasonally adjusted Apr. May Juner Index. 1992=100 1 Not seasonally adjusted 1997 r r Julv Auq. Mar. Apr. May Juner Julvr Aua.r 3.52 1.88 1.46 .30 .17 .09 121.3 118.7 120.5 106.8 105.7 114.2 120.2 119.3 121.1 107.4 105.8 115.5 123.4 123.6 127.5 109.5 109.2 115.8 123.1 120.3 122.8 107.4 105.8 115.1 123.8 120.7 124.3 105.8 102.8 115.4 123.4 119.7 123.4 106.2 103.0 116.3 123.3 121.0 122.2 108.7 107.5 117.3 124.6 124.9 127.3 108.0 104.6 119.1 124.2 124.1 128.1 108.3 106.9 115.7 123.6 121.4 124.3 107.0 104.9 115.1 118.1 116.3 120.2 103.3 100.8 110.6 120.8 116.3 120.3 104.0 101.3 112.2 124.6 137.0 122.4 144.8 102.5 120.3 112.3 125.1 121.4 127.9 148.1 113,3 122.8 113.2 132.9 132.1 138.6 157.3 110.2 129.9 110.6 127.4 125.0 134.4 148.8 108.8 124.8 112.1 129.8 131.8 129.7 147.6 104.9 128.5 108.9 128.5 127.0 129.6 147.2 109.9 127.4 107.5 126.2 136.3 127.6 137.4 105.6 122.8 116.6 133.0 139.4 134.8 149.7 113.0 129.6 116.7 133.9 140.9 136.8 158.1 115.1 128.6 111.2 129.4 128.1 133.8 154.2 111.7 125.8 111.9 125.2 102.9 122.5 150.1 103.0 128.7 103.7 125.2 122.5 122.3 148.0 109.6 123.4 103.2 Steel mill products Consumer durable steel Equipment steel Construction steel Can and closure steel Miscellaneous steel Iron and steel foundries 332 1.16 .19 .13 .14 .04 .66 .42 Nonferrous metals Primary nonferrous metals Copper Aluminum 333-6,9 333 3331 3334 1.64 .24 .08 .10 124.2 105.9 118.5 89.6 121.3 106.7 120.3 89.5 123.1 105.2 114.7 88.9 126.2 108.4 121.3 89.5 127.2 107.0 124.0 89.1 127.7 109.1 124.4 89.5 126.0 109.3 124.8 89.7 124.2 106.9 119.5 89.2 124.2 106.1 116.4 88.9 126.1 105.7 118.1 89.4 120.1 103.4 117.1 89.2 125.9 106.6 125.0 88.8 Nonferrous products Nonferrous mill products Aluminum Nonferrous foundries 335,6 335 3353-5 336 1.12 .84 .29 .28 126.9 124.1 114.6 136.2 122.1 117.3 96.9 137.9 124.2 120.0 101.8 138.1 127.0 123.9 110.4 137.3 128.7 126.6 115.0 135.6 128.0 124.6 108.5 139.3 128.0 125.2 115.2 137.2 125.7 122.0 108.8 138.0 125.7 122.2 104.3 137.4 127.7 124.4 111.2 138.2 120.8 118.6 108.0 127.9 126.9 123.9 107.1 136.6 34 Fabricated metal products Metal containers 341 Hardware, tools, and cutlery 342 Hardware and tools 3423,5,9 Structural metal products 344 Other fabricated metal products 345-9 Fasteners, stampings, etc. 345-7 5.28 .16 .54 .47 1.47 2.91 1.67 120.4 93.4 117.6 117.4 128.1 120.4 127.2 120.8 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 89.6 118.4 116.8 127.0 121.7 128.4 121.5 95.2 119.3 117.8 126.7 122.7 130.5 122.1 96.2 120.4 119.0 128.1 123.1 129.9 119.6 88.6 117.4 117.1 124.1 122.2 130.3 118.3 91.5 116.6 116.3 125.0 119.7 126.4 119.8 99.6 118.5 118.2 126.5 120.7 127.4 122.9 106.1 121.3 120.2 128.5 123.3 131.1 120.4 103.8 121.1 121.0 127.6 119.8 128.1 125.1 115.1 126.0 125.4 130.5 124.1 132.4 Industrial machinery and equipment 35 Engines and turbines 351 Farm 352 Construction and allied 353 Metalworking 354 Special industry machinery 355 | General industrial machinery 356 Bearings and gears 3562,6,8 Equipment 3561,3-5,7,9 Computer and office equip. 357 Service industry machines 358 Refrig. and heating equip. 3585 Miscellaneous machinery 359 9.51 .47 .45 .99 1.10 .84 1.10 .33 .77 2.45 .90 .64 1.20 167.4 119.5 142.0 153.9 123.7 I 135.3 115.9 116.8 115.6 354.7 138.9 142.4 135.1 171.3 170.5 172.2 176.6 181.4 169.1 170.2 120.9 123.9 121.9 120.9 120.9 119.6 118.8 153.9 147.0 150.1 153.6 156.1 158.5 166.3 163.8 160.1 160.4 160.5 174.9 163.5 168.1 124.9 124.4 123.1 128.0 130.5 122.3 121.0 136.5 136.2 136.3 136.9 136.9 I 136.1 135.4 117.4 116.9 116.5 119.5 119.8 115.4 115.2 118.1 117.1 114.8 114.9 118.5 117.6 117.4 117.2 116.9 117.2 121.5 120.3 114.5 114.2 363.8 371.8 383.9 401.1 415.2 344.4 346.6 134.8 127.1 130.5 130.0 135.4 151.2 149.7 136.6 124.6 130.2 128.4 136.4 160.4 158.6 140.6 138.9 137.6 143.5 145.0 133.4 136.2 170.3 120.9 155.7 164.2 122.3 135.2 115.8 116.0 115.7 364.7 133.6 134.5 136.9 178.0 176.0 184.4 120.8 118.6 117.6 153.6 113.2 143.8 169.5 141.0 162.6 126.1 134.0 139.0 136.3 132.8 134.6 118.9 121.1 124.3 114.9 111.0 116.0 120.6 125.5 127.8 398.9 427.3 443.2 140.7 123.1 122.9 144.8 120.7 117.9 141.6 150.5 154.9 176.4 106.6 101.5 126.8 129.6 138.6 136.5 116.4 107.5 135.1 183.1 112.9 109.1 136.6 135.7 141.4 157.3 126.0 113.2 149.6 183.2 113.3 110.2 128.6 145.3 131.6 138.9 115.1 103.0 123.7 188.3 116.0 117.8 122.8 128.7 132.5 112.8 120.5 112.7 128.6 Electrical machinery Major electrical and parts Electric distribution equip. Household appliances Cooking equipment Refrigerators and freezers Laundry Miscellaneous Electrical housewares Appliances, nee 36 361,2 361 363 3631 3632 3633 3634,5,9 3634 3639 8.58 .95 .30 .51 .09 .10 .11 .21 .05 .09 175.2 108.0 101.9 132.8 132.5 132.0 155.8 123.7 108.3 144.3 176.7 109.4 104.2 125.3 117.1 127.6 143.8 120.6 109.8 137.4 181.7 109.8 106.9 133.3 140.1 126.5 152.6 125.4 113.2 147.7 186.0 108.6 105.6 134.7 150.0 130.6 155.3 120.9 106.2 140.4 188.0 109.0 107.0 132.0 139.1 146.4 133.7 122.2 113.0 138.5 175.0 105.6 98.8 133.8 131.8 133.3 155.0 126.0 102.9 146.5 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 96.8 123.0 295.0 302.7 128.2 119.0 92.4 100.1 92.9 124.4 124.4 128.5 300.2 304.7 312.6 308.1 312.8 321.2 127.7 128.5 125.3 119.1 121.6 111.0 96.7 129.8 324.9 333.3 125.4 105.2 90.2 128.7 332.3 341.3 129.1 116.6 85.2 95.9 123.0 123.9 296.8 299.1 304.9 307.0 125.2 124.8 104.7 101.7 94.9 91.3 123.1 126.3 302.8 314.3 310.8 323.1 123.2 126.2 98.1 113.6 82.1 127.8 318.4 326.9 119.8 101.1 100.5 128.1 329.8 337.8 129.1 120.6 37 371 3714 3716 8.41 4.80 1.32 1.26 1.19 .71 .48 2.15 .06 111.9 128.9 111.5 152.4 153.8 163.8 144.7 129.1 102.3 110.6 125.3 105.0 138.2 138.6 146.1 132.4 133.0 114.0 110.2 123.7 106.5 142.5 142.0 150.5 134.6 125.7 113.7 112.4 127.1 103.9 146.8 147.0 159.5 134.4 133.1 112.6 112.7 126.7 106.8 130.7 130.1 135.8 126.0 139.1 100.6 116.7 134.4 112.5 153.4 153.3 165.4 141.4 140.0 113.2 117.1 138.9 117.6 159.8 161.2 170.0 148.9 143.1 114.8 118.2 140.2 122.7 160.6 161.9 167.1 154.6 141.2 139.1 115.8 134.8 119.1 154.2 154.5 161.2 145.2 135.8 111.9 118.0 138.2 113.5 157.0 157.7 167.8 143.6 146.0 110.7 94.6 90.1 73.0 94.1 91.8 88.5 96.0 99.1 102.4 116.8 136.5 113.0 152.5 152.7 159.5 143.1 144.9 109.9 Aerospace and miscellaneous transportation equipment 372-6,9 Aircraft and parts 372 Ships and boats 373 Railroad and miscellaneous 374-6,9 3.62 2.30 .38 .94 94.8 96.0 85.4 93.6 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 98.9 102.8 81.7 93.8 95.7 97.4 85.5 93.7 96.5 98.4 86.4 93.5 96.9 99.4 85.7 93.1 98.0 100.6 84.5 94.7 96.6 100.0 81.5 92.0 97.2 100.8 81.5 92.4 Transportation equipment Motor vehicles and parts Autos Trucks and truck trailers Trucks and buses Consumer trucks Business trucks Motor vehicle parts Motor homes 178.1 107.6 104.7 126.7 129.0 129.4 137.9 120.2 109.2 138.0 175.5 106.7 98.5 131.6 120.4 139.9 160.5 120.6 104.3 144.1 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 PRODUCTION: INDUSTRY SUBTOTALS AND INDIVIDUAL SERIES Item 1996 IP 1 SIC Proportion as ~~ Seasonally adjusted Index. 1992=100 " Not seasonally adjusted 1997 Mar. Apr. Mav Juner Julvr Aua.r 1997 Mar. Apr. Mav Juner Julvr Aua.r 381-4 384 4.72 3.77 1.45 104.7 101.2 108.8 104.4 101.0 108.5 105.2 101.7 108.4 105.9 102.1 109.2 105.4 101.6 108.3 106.8 102.9 110.2 103.4 99.7 103.3 103.1 99.4 103.6 103.6 99.6 104.4 107.3 103.8 114.3 106.9 103.6 117.6 109.1 105.8 120.7 Misc. manufactures Consumer goods Business supplies 39 391,3,4,6 395,9 1.29 .62 .67 116.3 108.1 124.4 116.9 109.3 124.5 117.0 109.2 124.8 117.5 108.5 126.5 118.9 110.9 126.8 118.3 108.6 128.1 115.7 108.2 123.3 116.0 108.9 123.1 116.3 108.3 124.3 117.8 107.9 127.8 113.7 103.2 124.3 118.7 108.1 129.4 Electric utilities Generation Fossil fuel Hydro and nuclear 491,3pt 6.26 2.42 .91 1.51 110.3 111.5 107.0 115.3 113.6 113.0 110.9 115.1 110.5 108.9 108.5 110.0 111.1 111.4 108.7 114.0 113.4 111.9 112.6 112.5 111.8 110.3 106.3 108.0 98.0 115.2 101.5 103.4 97.7 107.7 102.6 105.3 99.5 109.8 114.7 117.8 114.4 120.7 128.1 124.1 132.1 120.3 125.3 119.4 3.84 1.64 2.21 1.32 .89 109.6 107.9 111.0 114.8 105.8 114.2 115.4 113.4 117.8 107.4 111.6 111.6 111.7 115.4 106.7 111.1 109.4 112.3 116.2 107.2 114.4 115.7 113.6 118.7 106.7 112.8 100.4 93.1 105.7 106.5 104.6 101.0 90.6 108.4 109.2 107.3 112.9 107.0 117.1 121.7 110.8 130.9 139.9 124.4 135.0 110.0 129.2 112.0 105.3 104.1 106.1 108.2 103.2 124.2 1.81 .80 .35 .48 108.7 102.6 113.2 108.9 113.2 109.3 118.0 112.2 119.0 116.5 126.4 115.3 113.5 107.4 119.8 114.4 110.3 110.1 155.2 170.8 170.9 132.2 112.6 111.4 118.7 110.5 86.6 73.7 87.4 97.4 65.1 41.5 63.0 87.0 62.5 61.1 Instruments Scientific and medical Medical instruments Sales Residential Nonresidential Commercial and other Industrial Gas utilities Residential Commercial and other Gas transmission 492,3pt 1. The IP proportion data are estimates of the industries' relative contributions to overall IP growth in the following year. Table 7 INDUSTRIAL PRODUCTION: GROSS VALUE OF PRODUCTS Billions of 1992 dollars at annual rates, seasonally adjusted 1996 Item 1992 1996 Q2 Products, total Q3 1997 Q1 Q4 Q2r Q3P 1997 Apr. May Juner Julyr Aug/ Sept.P 2001.9 2261.9 2259.7 2274.1 2291.8 2315.2 2333.6 2364.2 2324.7 2337.5 2338.5 2341.2 2370.6 2380.9 1552.1 1766.0 1765.9 1776.0 1787.9 1808.9 1824.9 1854.5 1816.4 1827.8 1830.4 1832.5 1862.5 1868.6 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 1195.0 314.2 162.8 151.5 881.7 1179.4 301.4 154.8 146.6 877.8 1187.3 306.0 157.5 148.4 881.4 1184.6 310.5 160.0 150.5 874.9 1183.2 305.0 152.4 152.5 878.1 1197.4 318.6 166.6 152.0 880.3 1204.3 319.0 169.3 149.8 886.6 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 63.6 659.1 630.5 567.4 63.3 636.4 606.5 543.4 63.3 639.9 609.9 546.5 63.6 645.1 614.4 550.6 64.0 648.8 619.5 556.7 63.0 664.7 636.1 572.8 63.6 663.8 635.8 572.7 63.4 449.9 177.2 272.7 70.4 496.4 206.0 290.2 80.3 494.4 205.3 288.9 80.5 498.7 209.6 288.9 79.3 504.3 209.3 294.7 81.6 507.0 211.1 295.6 80.5 509.5 212.8 296.4 82.6 511.1 213.0 297.9 82.3 508.9 212.0 296.7 82.8 510.5 213.2 297.1 83.0 509.1 213.3 295.6 81.8 509.7 211.6 297.9 82.1 509.8 213.5 296.1 81.0 513.8 213.8 299.8 83.8 Final products Intermediate products Construction supplies Business supplies Commercial energy products 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. May June July Aug. 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 54.4 58.7 53.4 51.9 54.9 50.8 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 56.8 52.7 61.0 57.8 58.0 53.0 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 62.9 46.2 60.6 63.1 51.1 61.0 47.3 60.2 50.8 60.2 53.0 58.0 Tsiote—The diffusion indexes are calculated as the percentage of series that increased over the indicated span (one, three, or six months) plus one-half the percentage that were unchanged. 15 Table 9 ELECTRIC POWER USE: MANUFACTURING AND MINING Item Total 1987 SIC MAJOR INDUSTRY GROUPS Manufacturing Durable Nondurable Mining 1 Index^ 1992 = 100 Seasonally adjusted Not seasonajfvadiusted 1992 1997 Billion [ 1 9 9 7 r r Julv Auq.P Mar. Apr. May Juner - J u l Y L Auq.P Mar. Apr. May June KWH 106.3 108.3 107.4 110.0 106.3 106.0 105.8 106.2 106.4 104.0 934.1 105.3" 107.1 105.6 104.3 106.6 102.3 107.5 106.8 108.0 102.4 106.8 106.0 107.4 101.3 106.6 106.6 106.6 102.3 106.6 107.3 106.1 102.0 106.3 106.4 106.2 102.2 104.2 104.2 104.2 101.8 106.0 105.7 106.2 102.9 106.6 105.9 107.1 101.5 108.7 108.6 108.8 101.8 108.0 107.7 108.3 98.7 110.6 109.8 111.3 100.7 18.6 7.3' 6.6 119.7 131.3 119.0 111.7 117.4 113.9 112.9 116.4 117.1 111.1 114.1 114.1 113.2 115.8 117.2 115.6 122.7 117.4 115.8 125.7 113.8 111.8 118.7 112.6 113.8 118.6 115.9 109.9 110.8 114.7 112.6 115.6 117.0 115.7 120.2 120.2 12 12.7 91.8 98.5 97.0 99.3 99.5 98.9 100.4 101.4 94.8 93.8 82.2 90.6 Oil and gas extraction Crude oil and natural gas Natural gas liquids 13 131 132 36.0 31.0 3.6 93.2 93.3 86.5 94.8 94.4 92.1 92.2 92.0 89.3 93.8 93.6 89.0 92.1 92.1 87.1 92.2 90.5 97.7 92.1 92.5 83.6 94.2 94.1 90.6 92.0 92.1 89.0 95.3 94.9 92.0 92.8 92.2 89.9 91.5 89.7 96.8 Stone and earth minerals Crushed stone Sand and gravel Chemical and fertilizer materials 14 142 144 147 12.8 3.5 2.7 4.7 110.3 144.9 108.1 101.2 110.8 148.0 106.6 99.7 110.1 146.2 105.9 98.4 112.8 146.0 110.7 102.9 111.4 148.1 111.8 98.0 109.5 142.5 107.0 98.9 104.6 119.7 94.3 102.6 111.4 144.1 104.6 102.2 113.7 156.6 111.6 99.7 115.0 155.9 115.7 102.2 112.4 155.7 117.1 96.6 112.3 154.9 114.5 98.2 Foods Meat products Dairy products Canned and frozen food Grain mill products Bakery products Sugar and confectionery Fats and oils Beverages Coffee and miscellaneous 20 201 202 203 204 205 206 207 I 208 209 113.8 58.8 10.3 121.7 6.8 105.3 8.1 j 114.7 11.4 121.8 3.5 108.7 115.7 4.0 3.9 111.6 6.1 100.1 4.7 114.9 115.6 125.0 107.6 113.8 124.3 108.6 114.6 110.8 101.2 119.8 114.1 123.2 106.4 112.5 121.1 108.5 112.7 110.8 100.6 119.0 114.4 121.6 105.4 113.9 124.7 107.8 114.5 112.6 98.3 119.7 115.5 124.9 103.0 116.0 122.8 112.3 116.6 112.8 99.9 121.6 115.0 106.4 126.3 113.0 104.8 98.6 109.8 103.8 122.0 I 118.8 113.3 100.3 114.0 107.3 108.6 111.7 103.3 91.1 119.7 106.5 108.7 117.8 103.8 102.5 121.9 102.0 97.2 108.9 94.8 111.5 110.6 119.8 105.5 105.4 121.5 105.7 99.0 106.0 98.5 114.8 116.6 127.6 113.3 111.1 121.7 112.9 106.2 109.0 105.0 124.4 121.2 135.1 114.0 118.4 121.3 122.1 109.5 103.8 111.9 131.8 125.0 138.9 115.2 129.0 124.0 125.9 110.1 106.6 118.0 132.3 854.0 365.8 488.3 80.1 INDUSTRY GROUPS and SERIES Metal mining 10 101 Iron ore 102 Copper ore Coal mining 21 1.5 93.5 95.7 96.1 97.2 96.2 98.0 90.6 92.1 91.3 98.8 99.9 107.8 Textile mill products Fabrics Knit goods Fabric finishing Yarn and thread Miscellaneous textiles 22 221-4 225 226 228 229 31.5 11.8 4.1 2.5 8.3 3.4 107.7 100.7 108.1 120.5 110.9 116.7 108.0 101.8 108.3 128.3 108.6 118.1 106.6 100.5 111.1 122.9 107.1 115.9 106.0 98.1 109.4 123.7 104.7 120.3 108.1 100.8 110.0 124.4 103.9 125.2 108.0 101.4 107.0 117.7 111.0 117.3 103.1 96.3 101.1 121.6 106.1 112.7 105.2 98.9 103.0 127.8 105.8 116.4 109.9 103.7 114.4 124.7 111.1 118.8 114.9 106.5 121.2 130.2 114.4 128.1 108.7 101.7 114.8 117.4 103.9 124.6 122.1 114.3 122.7 122.3 127.2 132.0 Apparel products Men's outerwear Women's outerwear 23 231,2 233 8.2 2.0 2.5 99.9 91.1 96.0 101.6 92.8 97.4 101.0 92.5 91.0 98.7 92.2 87.8 101.0 92.4 90.0 100.1 91.7 91.1 92.1 81.7 87.1 93.5 84.7 89.0 98.5 90.9 89.0 106.6 102.5 95.9 110.8 104.0 99.7 117.2 111.8 108.9 Lumber and products Lumber Millwork and plywood 24 242 243 19.8 7.7 5.6 119.5 111.3 130.9 123.3 114.3 134.9 122.5 112.6 137.1 124.6 114.2 139.9 125.4 115.3 141.7 124.5 114.7 140.7 121.1 113.7 132.4 124.6 116.3 136.7 121.3 112.8 134.9 123.8 112.4 139.8 120.9 108.9 136.5 124.0 111.3 141.2 Furniture and fixtures Household furniture 25 251 6.0 3.2 113.4 109.3 117.5 114.4 118.4 116.5 119.6 118.1 119.0 116.5 117.5 114.7 112.6 110.8 115.2 113.8 115.0 113.1 120.1 117.4 116.9 109.5 124.8 119.6 Paper and products Wood pulp Paper Paperboard Paperboard containers Converted paper products 26 261 262 263 265 267 113.3 ' 99.8 8.8 93.8 62.3 100.4 97.7 28.3 5.1 102.9 8.9 99.8 101.9 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 97.0 101.5 99.1 102.7 95.4 107.4 97.2 99.7 86.2 101.8 94.4 106.3 96.2 98.5 93.4 99.2 97.0 100.3 97.5 101.2 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 99.1 102.3 97.2 103.2 97.7 109.0 99.1 103.6 87.3 105.7 97.7 112.8 100.6 Printing and publishing Newspapers Commercial printing 27 271 275 17.3 3.6 9.2 110.5 102.3 110.8 112.4 101.3 113.5 111.8 101.1 112.7 109.2 103.3 108.1 112.8 108.7 111.4 110.9 106.9 110.4 102.2 94.6 102.8 104.8 94.8 105.6 106.4 98.6 106.7 113.3 108.1 112.0 123.5 118.7 122.6 126.2 117.8 126.7 Chemicals and products 28 281 Basic chemicals Alkalies and chlorine 2812 Inorganic chemicals, nee 2819 Acid and fertilizer materials Nuclear materials, nondefense 171.7 78.9 14.9 38.3 14.0 24.3 103.5 98.6 73.8 97.4 97.1 97.6 103.6 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 90.6 100.6 91.9 80.4 82.9 101.9 73.5 102.1 94.2 78.4 88.6 102.8 81.5 103.0 99.4 77.0 99.9 95.1 102.3 103.5 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 92.7 102.3 92.2 80.0 81.9 102.7 71.6 104.1 94.2 78.7 86.1 105.4 76.5 Tobacco products 16 Table 9 (continued) ELECTRIC POWER USE: MANUFACTURING AND MINING I Index. 1992 = 100 | 1997 Julvr Aua.P Mar. 1987 SIC 1992 Billion KWH 1997 Mar. Apr. May Juner Chemicals and Products (cont.) Synthetic materials 282 2821 Plastics materials 283 Drugs and medicines 284 Soap and toiletries 286 Industrial organic chemicals Agricultural chemicals 287 29.2 18.3 6.7 3.0 39.2 9.7 107.6 116.7 122.0 99.9 111.1 116.8 107.7 119.7 124.4 104.5 111.9 117.1 107.9 120.7 126.3 101.8 114.5 119.4 106.0 116.1 123.8 104.8 113.7 118.6 107.3 120.4 123.2 105.5 118.2 118.3 109.7 121.5 123.1 100.2 114.0 121.1 Petroleum products 29 47.0 110.9 114.5 112.2 106.4 108.2 Rubber and plastics products Tires Rubber products, nee Plastics products, nee 30 301 306 308 38.0 4.3 3.2 28.9 121.8 100.7 108.0 128.2 125.3 102.6 110.1 132.2 124.9 103.1 106.8 132.3 123.9 104.2 109.2 130.3 Leather and products Shoes 31 314 1.0 .3 89.1 87.8 93.3 88.1 92.3 90.9 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 4.7 108.7 104.7 101.0 108.2 115.6 108.0 112.7 107.8 104.4 113.3 119.5 109.4 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 96.4 109.6 113.9 79.7 65.4 115.7 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 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 Electrical machinery Electrical distribution Electrical industrial Household appliances Lighting and wiring products TV and radio sets Communication equipment Electronic components Seasonally adjusted Not seasonally adjusted Apr. May Juner Julvr Aua.P 105.0 115.4 114.4 98.3 110.6 115.5 106.9 120.1 115.9 99.2 111.1 119.0 107.8 120.4 122.7 98.3 114.0 120.1 108.0 118.7 131.3 107.0 112.6 118.2 109.8 122.7 136.5 111.7 117.9 118.0 113.3 125.1 138.1 109.1 117.0 121.4 108.3 106.1 112.6 109.5 108.5 110.6 111.9 126.4 104.3 110.7 133.4 125.5 107.2 113.9 131.0 122.4 100.1 109.3 129.1 124.2 101.8 107.0 131.2 125.1 101.9 107.2 132.9 127.9 107.3 113.1 134.5 127.4 106.3 111.7 134.3 130.2 114.3 119.2 135.1 92.0 91.0 95.9 91.4 92.2 87.9 86.8 83.7 90.8 84.0 90.5 89.1 96.1 95.7 96.5 93.3 100.0 100.0 110.1 104.0 101.7 110.8 113.2 108.9 111.0 111.2 99.5 111.2 112.0 109.7 111.4 107.7 105.2 108.9 112.6 110.9 110.1 104.7 101.0 110.3 109.5 108.1 104.1 104.0 100.1 95.2 114.0 104.4 110.6 105.9 103.1 108.1 118.7 108.3 111.7 104.9 102.4 115.3 114.9 109.2 114.0 114.5 101.1 117.3 115.0 111.3 112.3 109.3 104.9 113.4 114.1 110.6 114.1 107.6 104.3 116.4 111.5 111.1 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 98.3 113.9 112.1 78.9 64.6 119.1 97.4 112.0 110.1 79.8 67.5 118.6 98.7 113.6 118.2 80.2 66.2 118.1 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 95.7 108.2 106.8 80.0 66.5 113.6 96.7 110.8 105.7 80.0 66.7 119.4 110.2 108.0 107.8 115.6 113.5 122.8 114.0 112.6 112.1 119.8 117.4 126.9 114.2 118.2 111.2 124.1 113.7 127.9 114.1 112.8 108.5 121.3 117.7 127.0 115.3 113.4 109.5 124.7 117.1 129.5 115.5 114.0 110.6 127.5 113.6 127.9 111.8 109.2 107.5 117.9 114.4 126.8 112.4 112.7 109.3 117.7 114.8 125.9 112.8 116.8 109.8 121.0 112.7 127.5 116.0 116.2 111.7 120.4 119.6 130.4 116.4 118.1 112.4 124.8 119.0 125.3 119.1 116.8 116.6 129.2 120.5 128.9 33.2 2.6 2.0 3.8 4.1 2.4 5.2 5.1 3.5 104.5 91.6 119.2 109.6 111.1 113.5 104.5 83.7 110.4 108.7 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 87.0 112.2 106.8 94.0 120.7 111.5 112.5 118.3 106.3 86.5 113.3 110.6 93.0 131.3 114.4 117.9 119.6 110.0 90.1 119.0 110.2 96.0 128.3 111.4 120.4 118.9 108.7 89.9 111.5 103.3 92.3 127.1 108.1 110.0 112.1 103.6 81.4 107.6 105.5 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 90.0 118.8 115.1 90.5 122.7 119.3 123.5 126.4 113.7 96.0 123.6 117.0 98.1 124.9 117.0 128.3 127.0 115.6 96.1 121.6 36 361 362 363 364 365 366 367 33.0 1.3 4.0 2.4 3.0 .8 3.3 14.5 115.6 85.7 82.9 97.5 109.8 130.8 112.3 134.8 119.4 87.5 83.5 103.4 111.5 136.4 113.7 139.1 118.0 87.7 81.2 98.3 110.8 133.7 113.8 138.4 118.1 89.4 82.8 101.2 110.1 132.3 115.4 138.3 120.3 88.2 81.9 99.9 112.7 137.6 115.9 142.5 119.1 89.2 81.8 97.3 115.5 131.4 113.2 140.9 112.6 83.1 81.2 95.5 109.2 128.5 106.9 130.8 115.4 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 85.5 106.6 115.6 134.1 120.3 142.8 125.6 92.0 85.4 104.4 115.1 139.9 125.4 149.4 127.8 98.2 85.4 106.2 119.2 141.4 125.2 151.2 Transportation equipment Motor vehicles and parts Aircraft and parts Ships and boats 37 371 372 373 39.6 22.8 10.7 2.2 104.9 117.2 82.6 85.0 107.9 121.0 85.3 81.7 107.1 119.8 85.1 87.8 106.9 118.7 86.2 85.8 106.0 115.9 88.9 80.3 105.2 116.5 85.3 82.6 104.1 116.7 80.7 86.1 104.9 117.3 82.7 81.9 106.1 118.7 84.2 84.9 111.9 125.0 90.0 86.1 107.6 116.2 92.2 82.1 112.4 124.7 91.5 83.9 Instruments Photographic equip. & supplies 38 386 13.7 1.8 99.4 90.9 103.1 98.2 102.0 94.1 100.5 91.6 101.6 96.3 100.9 91.7 96.2 92.4 97.5 91.2 98.3 91.5 104.3 93.0 109.0 99.8 110.3 99.3 39 4.5 126.2 131.4 129.5 129.6 133.7 130.5 123.2 126.3 127.4 133.7 139.4 142.2 | 909.8 835.3 98.8 105.7 105.6 99.1 107.7 107.4 102.2 107.1 106.4 103.2 107.0 106.9 101.3 107.8 107.0 100.7 107.1 106.6 100.7 104.1 104.3 100.6 106.1 106.1 100.2 106.5 106.7 99.7 109.0 108.9 97.8 109.0 107.8 100.9 111.5 110.5 101.4 Item Miscellaneous manufactures SUPPLEMENTARY GROUPS Total, excluding nuclear nondefense Utility sales to industry Industrial generation 17 Explanatory Note The statistical release of Industrial Production and Capacity Utilization reports measures of output, capacity, and capacity utilization in manufacturing, mining, and the electric and gas utilities industries. The release also includes monthly indexes on the use of electric power in manufacturing and mining. Data in the release and historical data are available under statistical releases at http://www.bog.frb.fed.us, the Board's World Wide Web site. These data are also available on line on the day of issue through the Economic Bulletin Board of the Department of Commerce. For information, call (202) 482-1986. Diskettes containing historical data and the data published in this release are available from the Board of Governors of the Federal Reserve System, Publications Services, (202) 452-3245. Industrial Production Coverage. The industrial production (IP) index measures output in the manufacturing, mining, and electric and gas utilities industries; the reference period for the index is 1992. For the period since 1992, the total IP index has been constructed from 264 individual series based on the 1987 Standard Industrial Classification (SIC). These individual series are classified in two ways: (1) market groups (shown in table 1), such as consumer goods, equipment, intermediate products, and materials; and (2) industry groups (shown in tables 2 and 6), such as two-digit SIC industries and major aggregates of these industries—for example, durable and nondurable manufacturing, mining, and utilities. Market groups. For purposes of analysis, the individual IP series are grouped into final products, intermediate products, and materials. Final products are assumed to be purchased by consumers, businesses, or government for final use. Intermediate products are expected to become inputs in nonindustrial sectors, such as construction, agriculture, and services. Materials are industrial output requiring further processing within the industrial sector. Total products comprise final and intermediate products, and final products are divided into consumer goods and equipment. Timing. The first estimate of output for a month is published around the 15th of the following month. The estimate is preliminary (denoted by the superscript "p" in tables) and subject to revision in each of the subsequent three months as new source data become available. (Revised estimates are denoted by the superscript "r" in tables.) After the fourth month, indexes are not revised further until the time of an annual revision or a benchmark revision. The last three benchmark revisions were published in 1990, 1985, and 1976. Source data. In annual or benchmark revisions, the individual IP indexes are constructed from a variety of source data, such as the quinquennial Censuses of Manufactures and Mineral Industries and the Annual Survey of Manufactures, prepared by the Bureau of the Census; the Minerals Yearbook, prepared by the Department of the Interior; and publications of the Department of Energy. On a monthly basis, the individual indexes of industrial production are constructed from two main types of source data: (1) output measured in physical units and (2) data on inputs to the production process, from which output is inferred. Data on physical products, such as tons of steel or barrels of oil, are obtained from private trade associations as well as from government agencies including those listed above; data of this type are used to estimate monthly IP where possible and appropriate. When suitable data on physical product are unavailable, estimates of output are based on either production-worker hours or electric power use by industry. Data on hours worked by production workers are collected in the monthly establishment survey conducted by the Bureau of Labor Statistics. The data on electric power use are described below. The factors used to convert inputs into estimates of production are based on historical relationships between the inputs and the comprehensive data used to benchmark the IP indexes; these factors also may be influenced by technological or cyclical developments. Especially for the first and second estimates for a given month, the available source data are limited and subject to revision. Weights. In the index, series that measure the output of an individual industry are weighted according to their proportion in the total value-added output of all industries. The industrial production index, which extends back to 1919, is built as an annually weighted chain-type index since 1977. The components of IP are combined using estimates of value added per unit of output. For months from January to June, the weights are drawn from the year containing the month being estimated and the preceding year; for months from July to December, the weights are drawn from the current and following year. The IP proportions shown in column 1 of tables 1 A, 2 A, and 6 are estimates of the industries' relative contributions to overall growth in the following year. For example, a 1 percent increase in durable goods manufacturing in 1997 would account for an increase in total IP of nearly 1/2 percent. from the first to the fourth estimates was 0.21 percentage point during the 1987-96 period. In most cases (about 81 percent), the direction of change in output indicated by the first estimate for a given month is the same as that shown by the fourth estimate. Rounding. The published percent changes are calculated from unrounded indexes, and may not be the same as percent changes calculated from the rounded indexes shown in the release. Capacity Utilization Definition. Capacity utilization is calculated for the manufacturing, mining, and electric and gas utilities industries. For a given industry, the utilization rate is equal to an output index divided by a capacity index. Output is measured by seasonally adjusted indexes of industrial production. The capacity indexes attempt to capture the concept of sustainable practical capacity, which is defined as the greatest level of output that a plant can maintain within the framework of a realistic work schedule, taking account of normal downtime, and assuming sufficient availability of inputs to operate the machinery and equipment in place. The 76 individual capacity indexes are based on a variety of data, including capacity data measured in physical units * compiled by trade associations, surveys of utilization rates and investment, and estimates of growth of the capital input. Groups. Estimates of capacity and utilization are available for a variety of groups, including primary and advanced processing industries within manufacturing, durable and nondurable manufacturing, total manufacturing, mining, utilities, and total industry. Component industries of the primary and advanced processing groups within manufacturing are listed in the note on tables 2 and 3 of the release. Weights. Although each utilization rate is the result of dividing an IP series by a corresponding capacity index, aggregate utilization rates are equivalent to combinations of individual utilization rates aggregated with proportions that reflect current capacity levels of output valued in current-period value added per unit of actual output. The implied proportions of individual industry operating rates in the rate for total industry for the most recent year are shown in the first column of table 3. Perspective. The historical highs and lows in capacity utilization shown in the tables above are specific to each series and did not all occur in the same month. Industrial plants usually operate at capacity utilization rates that are well below 100 percent: none of the broad aggregates has ever reached 100 percent. For total industry and total manufacturing, utilization rates have exceeded 90 percent only in wartime. 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. Seasonal adjustment. Individual series are seasonally adjusted by the X-l 1ARIMA method, developed at Statistics Canada. For series based on production-worker hours, the current seasonal factors were estimated with data through October 1996; for other series, the factors were estimated with data through at least June 1996. In some cases, series were preadjusted for the effects of holidays or the business cycle before using X - l l ARIMA. For the data since 1977, all seasonally adjusted aggregate indexes are calculated by aggregating the seasonally adjusted indexes of the ndividual series. Release Schedule for 1997 Reliability.- The average revision to the level of the total IP index, without regard to sign, between the first and the fourth estimates was 0.28 percent during the 1987-96 period. The average revision to the,percent change in total IP, without regard to sign, At 9:15 a.m. on January 17, February 14, March 14, April 16, May 15, June 17, July 16, August 14, September 16, October 17, November 17, and December 15. 18