Full text of G.17 Industrial Production and Capacity Utilization : September 16, 1997

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FEDERAL RESERVE statistical release
For release at 9:15 a,m. (EDT)
September 16,1997

G.17 (419)
INDUSTRIAL PRODUCTION AND CAPACITY UTILIZATION

Industrial production increased 0.7 percent in August, with widespread gains in manufacturing. In addition,
output growth in My was revised up 0.2 percentage point to 0.4 percent. The upward revision in July was largely the
result of higher manufacturing output—especially ndndurables. At 121.3 percent of its 1992 average, industrial
production in August was 4.7 percent higher than in August 1996. The rate of industrial capacity utilization rose to
83.9 percent—its highest rate since September 1995.
The acceleration in industrial production between July and August was concentrated in manufacturing; much
of it was related to the 10 percent jump in the assembly of autos and light trucks, which had dropped 5 percent from June
to July. Excluding motor vehicles and parts, manufacturing production rose 0.7 percent in August, as it had in July, with
large increases in the output of commercial aircraft, computers, semiconductors, and primary metals. Output at mines,
however, declined 0.9 percent, and that at utilities fell 1.1 percent.
(over)
INDUSTRIAL PRODUCTION AND CAPACITY UTILIZATION: SUMMARY
Seasonally adjusted
f
I

Index, 1992=100
1997
Mayr

June r

July1"

I

119.5
119.3

119.9
119.6

120.4
119.8

|

115.9
112.6
136.1
120.6
125.2

116.1
112.5
137.5
120.3
125.9

121.0
132.7
108.7
108.1
112.4

121.6
134.1
108.4
107.4
112.1

Industrial Production
Total index
Previous estimates

MaiomarM^fluea.

Products, total
Consumer goods
Business equipment
Construction supplies
Materials

MfrjQr industry gr<?gp$:
Manufacturing
Durable
Nondurable
Mining
Utilities

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




Percent chariae
1997

JAug. 96 to
Aug.P [ Aug. 97

Mayr

June r

Julyr

121.3

.1
.0

.3
.3

.4
.2

.7

116.3
112.8
139.0
118.8
127.0

117.2
113.5
141.7
119.2
127.8

•4
•4
.4
.4
-.2

.2
-.1
1.0
-.2
.6

.2
.3
1.1
-1.2
.9

.8
.6
1.9
.4
.7

122.2
134.7
109.0
106.8
112.7

123.4
136.8 I
109.3
105.8
111.4

•1

.4
1.0
-.3
-.6
-.3

.5
.4
.6
-.5
.5

1.0
1.6
.3
-.9
-1.1

Aug.P I

.3

.0
1.9
-1.0

Percent o1 capacity
1996
1997
1988-89
High
Mayr
Aua^

Average r
1967-96

1982
Low

82.1

71.1

85.3

83.2

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

82.3
80.4 !
86.5
91.9
88.5

4.7

i

4.4
3.1
11.0
.1
5.2
5.3
7.4
2.9
1.3
.5

Capacity
growth
Aug. 96 to
Aug. 97

June r

Julyr

Aug.P

83.5
83.3

83.5
83.3

83.6
83.1

83.9

3.9

82.4
80.3
87.1
94.6
88.5

82.5
80.6
86.9
93.9
88.2

82.6
80.7
86.9
93.2
88.5

83.1
81.3
87.3
92.2
87.4

4.2
5.1
2.3
1.0
1.8

'ket

Led by a 2.1 percent advance in the production of durable goods, the overall output of consumer goods grew
0.6 percent in August; the production of nondurable goods advanced 0.3 percent. The gain in consumer durables resulted
from the sharp rebound in the output of motor vehicles, which more than offset noticeable declines in the production of
appliances and most other consumer durables. Among nondurable consumer goods, the production of non-energy
products increased for the second consecutive month, with advances in food and tobacco products and in household
chemical and paper products. The output of consumer energy products was unchanged in August because a large gain in
the output of automotive gasoline was nearly offset by a drop in residential electricity sales.
The output of business equipment expanded at a 1.9 percent pace, marking a third straight month of sizable
gains; this index has increased 11.0 percent since August 1996. While the growth in business equipment was led by solid
gains in the output of business vehicles, it was also accompanied by further strong increases in information processing
equipment, especially computers and related equipment, and by large gains in commercial aircraft and in farm machinery
and equipment. Moreover, after several months of weakness, the production of industrial equipment rebounded with big
increases in both July and August. The output of defense and space equipment rose 0.6 percent.
After a drop of 1.2 percent in July, the output of construction supplies recovered partially with a 0.4 percent
increase; nevertheless, the August index for this market group was just 0.1 percent above its August 1996 level.
Meanwhile, the production of materials posted another sizable gain, led by a 1.5 percent increase in the output of durable
goods materials; strong gains in the production of equipment parts, particularly semiconductors, and parts for consumer
durables, especially motor vehicles, supplied much of the boost. Energy materials fell 0.9 percent, with noticeable
declines in coal mining and electricity generation. The output of nondurable goods materials decreased 0.3 percent; a
large gain in container output was more than offset by drops in the other major categories of materials.
Industry Groups
Manufacturing output increased 1.0 percent in August after a 0.5 percent increase in July; excluding motor
vehicles and parts, production rose 0.7 percent for a second month. The gains in manufacturing output were largely
concentrated in durable goods industries, which increased 1.6 percent. In addition to the gain in motor vehicles and parts,
there were strong increases in furniture and fixtures, primary metals, fabricated metals, industrial machinery and
computers, electrical machinery, aerospace, and instruments. The output of nondurable goods, which had been weak
since the beginning of the year, rebounded 0.6 percent in July and gained another 0.3 percent in August. Only two
nondurables industries— apparel and paper— had output losses, while tobacco, petroleum, rubber and plastic products,
and leather had substantial gains.
A large drop in coal mining largely accounted for the decline in mining output, and losses in electricity
generation and sales reduced utility output.
Led by a 7.3 percentage point increase in the operating rate at auto and light truck factories, the overall
factory operating rate increased 0.5 percentage point, to 83.1 percent—its highest level since September 1995. Similarly,
the utilization rate for advanced-processing industries increased 0.6 percentage point, to 81.3 percent—also its highest
level since September 1995. The rate for primary-processing industries increased 0.4 percentage point, to 87.3 percent,
about the same as its level in March. The operating rate at mines decreased 1.0 percentage point, to 92.2 percent, while
the rate at utilities decreased 1.1 percentage points, to 87.4 percent.




2

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

Twelve-month percent change

Twelve-month percent change

Total industry

-10

J

.

-10

L.

10
5
0
-5
-10
1992

1994

1996

1992

Total industry

1994
Manufacturing

Ratio scale, 1992 production = 100

Ratio scale, 1992 production = 100

Percent of capacity

1985



1996

Percent of capacity

1990

1985

1995

3

1990

1995

Table 1A
INDUSTRIAL PRODUCTION: MARKET GROUPS
T

• " W W W "••"«•

IhdexTT

1996
IP
Proportion1

^^SeasonaHvAdiusted

\~iwr
Mar.

Apr.

100.00

118.8

119.3

119.5

59.92
45.14

115.3
116.3

115.4
116.6

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
131.0
131.7
138.9
123.3
163.8
119.7
130.4
183.6
137.5
238.9
111.6
109.9
107.4
107.5
108.7
94.2
114.9
102.3
107.5
108.5
106.8

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

m=m
wmBKKR^lRkWM']M7tt\mttMnmR^M
• '

••

AUQ.P

nwr
Mar.

119.9

120.4 121.3

115.9
117.1

116.1
117.5

116.3 117.2
117.9 119.1

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

112.5
130.5
128.4
132.6
114.9
159.5
120.1
131.8
186.9
134.5
251.2
114.2
109.6
108.0
107.5
107.0
94.3
117.3
104.5
111.6
111.8
111.2

112.8
129.1
122.9
123.5
118.0
135.8
118.8
133.3
193.2
137.9
261.7
110.3
111.6
108.7
108.2
107.9
94.0
118.0
105.3
112.2
110.4
112.7

113.5 111.2
131.8 133.5
130.5 136.1
137.7 146.9
125.7 127.2
158.3 170.0
118.7 119.8
132.5 131.5
193.8 186.0
135.8 145.1
266.5 233.0
111.2 111.5
109.4 110.9
109.0 105.8
108.6 i 103.5
108.2 103,4
94.0
92.3
118.3 109.3
106.2 103.1
112.2 119.6
112.9 103.8
111.6 126.9

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

109.3 113.8
130.4 134.3
133.2 135.1
143.7 143.5
128.8 122.8
161.2 167.8
117.3 121.6
128.4 133.6
179.7 192.6
127.9 138.7
243.3 258.3
107.4 116.2
109.9 109.3
104.2 108.7
106.0 111.2
105.4 111.0
95.7
99.1
114.3 122.9
103.1 103.7
94.0
94.9
112.6 113.5
85.3
86.1

111.8 118.2
116.3 131.8
100,7 130.6
83.4 137.0
79.0 123.6
88.5 152.7
116.4 119.6
127.1 132.5
188.0 191.5
126.9 119.3
266.2 287.5
106.4 115.0
103.8 108.3
110.2 114.6
110.9 116.4
109.0 116.6
93.5
98.4
128.9 131.5
104.2 107.1
105.9 104,3
111.3 113.2
103.4 100.1

123.5
134.3
153.6
349.9
127.5
113.1
| 118.3
j 125.1
75.6
| 153.4
160.9

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

126.3
137.5
159.6
376.6
129.0
118.5
112.0
129.2
76.1
161.4
163.1

126.7
139.0
161.5
388.9
131.1
114.3
110.6
129.2
74.9
149.6
166.3

128.7
141.7
163.3
402.5
133.4
119.2
116.8
131.1
75.3
146.8!
166.3|

123.2
134.4
150.5
339.7
128.6
116.7
123.4
126.5
75.9
140.4
163.0

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

128.6
141.2
162.8
391.3
132.3
118.9
121.2
132.1
75,6
150.4
176.5

124.2
136.3
167.1
414.1
129.0
100.0
79.2
120.4
73.5
148,8
150.8

131.0
144.6
170.0
429.6
134,9
117.9
117.8
134.6
74.3
150.9
181.3

14.78
5.72
9.06

112.1
121.8
106.5

112.0
120.1
107.2

112.2
120.6
107.3

111.7
120.3
106.6

111.3 111.5
118.8 119.2
106.9 106.9

109.1
116.7
104.6

109,2 109,6
119,7 121,5
1Q3.0 102,7

114.5
126.5
107.5

114.5
121.5
110.4

117.0
124.7
112.4

40.08

124.5

125.5

125.2

125.9

127,0 127,8

125.7

125.9 125,0

128.0

123.8

129.0

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

140.2
129.8
175.6
120.0
116.4
110.6
! 104.9
113.8
111.2
108.4
103.5
102.3
105.9

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
160.4
121.0
118.4
109.8
105.4
114.8
109.7
107.4
104.1
102.5
107.0

143.3
130.2
183.2
121.2
118.8
109.9
107.7
111.1
109.6
109.7
103.6
101.7
107,1

144.4
129.8
186.7
121.4
117.7
111.1
108.5
116.2
110.7
108,3
104.4
103.5
106,2

142.0
138.4
176.1
119.8
118.6
110.8
107.0
113.9
111.8
107.1
104.4
103.5
106.1

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
138.6
184.4
123.3
119.2
111.4
109.9
112.9
110.8
111.2
104.1
103.1
106.0

138.6
107.4
184.3
120.3
114.0
109.0
99.9
114,2
110.0
106.0
105.5
103.0
110,1

147.7
134.2
189.3
124,8
117,8
111,5
110,4
116.6
110.1
110.4
105.2
102.3
110,6

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

97.48
95.20
97.55
93.68

118.5
118.3
116.0
112.1

119.3
119.0
116.4
112.4

119.4
119,3
116.5
112,4

119.8
119.5
116.8
112,6

120.4 121.1
120,2 120.8
117.3 118.0

118.0
117.5
115.8
113.51 111.8

117.8
117.3
115.6
111.6

117.5
117.2
115.1
111,0

121.6
121.1
118.7
114.5

119.8
120.3
115,6
111.3

124,2
123.9
120.8
11 §.4

Consumer goods excluding:
Autos and trucks
Energy

26.76
24.65

110.7
112.7

111.1
111,9

111.5
112.4

111.3
112.6

112.0 112.2
112,9 113,7

109.4
110.0

107.9 107.6
110.8 111.4

112.2
116,3

112.5
112.5

117.0
120.0

Business equipment excluding:
Autos and trucks
Computer and office equipment

12.67
12.26

135.9
120.7

138.0
121.5

138.5
121.7

140.1
122.7

141.9 144.2
123.7 125.8

135.5
121.3

136.2 137.5
122.4 122.1

143.2
125.7

142.0
119.8

147.3
127.5

Materials excluding:
Energy

31.96

131.0

132.2

131.8

132.8

134.0 135.3

132.3

133.6 132.2

135.4

129.4

136.3

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

Fuete

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

j

Mavr Jiiner

Julvr

146.6
132.3
190.0
122.8
120.0
110.7
107.9
115.5
110.1
109.0
103.4
102.3
105.7

Mavr

Juner

Julvr

AUQ.P

118.5

118.4 118.0

121.9

119.0

124.4

114.0
115.6

113.6 113.6
115.1 114.9

118.1
119.2

115.9
116.4

121.4
122.9

Apr.

SPECIAL AGGREGATES

112,0

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
I
1995Q4
to
1996 Q4

Item

Seasonally adjusted

annua r a t e —
1997

im
Q3

— 04

ii

_&L

Seasonallvadiusted

Q2r

J Aug. 96

Nots

1§dyv«w

May1* J U D i L ^kM~

Aug.P

Mav r

mr

June*

r

Julv

AUQ.P

to
Aug. 97

Total index

3.9

3.3

4.5

4.4

4.3

.1

.3

A

.7

-.3

3.3

-2.4

4.5

4.7

Products, totai
Final products

3.8
4.1

3.1
2.8

4.8
4.8

3.6
3.9

3.8
5.0

.4
.4

.2
.4

.2
.3

.8
1.0

.0
-.1

3.9
3.8

-1.8
-2.4

4.7
5.6

4.4
5.4

2.5
2.4
.9
•5

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

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

-.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

2.1
-1.8
-12.8
-23.4
-17.3
-28.4
4.1
6.7
9.8
-2.8
21.0
13.0
1.3
3.1
.9
-2.5
2.0
4.0
7.4
16.4
18.8
15.4

•4
1.2
1.6
2.3
1.4
3.0
•7
.9
1.2

-.1
1.6
1.6
2.0
-2.4
6.0
1.1
1.6
3.2
6.7
.6
2.2
.0
-.5
-.3
-.5
-.5
-.6
1.1
-1.7
.0
-2.4

.3

.6
2.1
6.2

-.5

-1.7
-13.4
-25.5
-41.9
-35.7
•^7.2
-4.3
-4.9
-2.4
-8.5
3.1
-8.5
-5.0
1.4
-.2
-1.8
-5.6
4.9
.5
11.6
-1.9
20.0

5.7

3.1
2.9
1.4
-•7
-5.1
3.9
4.6
4.0
10.1
.8
18.6
•1
1.3
3.2
3.3
2.7
-1.5
6.2
4.3
2.6
4.9
1.5

.4

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

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

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

9.8
9.1
14.4
31.7
5.3
1.1
-21.2
15.1
2.2
47.2
14.7

-1.0

1.1
1.0
2.0
2.8
-.2
1.2
.2
.7
.7
4.7
-1.9

3.0
5.7
1.3

4.1
9.3
.8

4.8
-.4
8.2

2.8
3.0
2.7

.1
2.4
-1.3

.2
.4
.1

-.5
-.2
-.6

-1.2

4.0

3.6

4.1

5.6

5.1

-.2

5.5
.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
-3.8
19.9
4.7
7.2
.3
3.9
2.2
-2.9
4.7
•2
-.9
2.2

.1

2.5
4.5
•1
1.0
-1
2.8

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

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

4.0
4.2
3.1
2.6

3.1
3.3
2.4
1.9

5.3
5.6
4.0
3.5

4.0
4.0
3.9
2.7

Consumer goods excluding:
Autos and trucks
Energy

2.6
2.5

.2
2.8

7.2
4.6

Business equipment excluding:
Autos and trucks
Computer and office equipment

8.9
4.4

8.0
3.9

Materials excluding:
Energy

4.7

5.6

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

-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
6.8
8.0

Equipment, totai
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

10.8
38.9

~-2

21.5
-1.9

3.6
-1.2
14.0

Intermediate products
Construction supplies
Business supplies
Materials
Durable
Consumer parts
Eaulpment parts

11.2

2.8
Basic metals
Nondurable
Textile
Paper
Chemical
Other
Energy
Primary
Converted fuel

I

2.6

I

2.8
1.1

I

-1.3

.3
.3
.3
.0
.2
.9
.0
2.3

1.3

-1.0

-14.4

4.1
2.9
1.4
-.1
-4.7
4.1
3.6
4.0
7.2
8.5
6.2
8.2
-.6
4.4
4.9
5.3
3.6
7.5
.6
.9
.7
1.0

.4
1.1
1.2
3.3
1.6
.7

1.6
•4
1.9
.5
1.1
1.8
3.5 I 5.2
1.8
.1
4.3
-1.0
5.7
-4.3
1.5
-.6
.6
-•5
-1.9
1.9
.0
-3.4

3.3
3.6
5.8
8.8
2.8
.6
-1.5
3.1
.6
4.8
3.7

-3.4
-3.5
2.7
5.8
-2.5
-15.9
-34.7
-8.8
-2.7
-1.1
-14.6

20.2

9.2
11.0
13.0
31.4
5.3
15.6
-3.3
12.9
-3.3
19.7
-.7

.3

.1
.4
.0

.4
1.5
-.4

4.5
4.2
4.7

.0
-4.0
2.7

2.1
2.7
1.8

1.4
.1
2.2

.6

.9

.7

-.7

2.4

-3.3

4.2

5.2

.8
-.3
1.9
.2
-.9
1.1
.7
4.5
1.0

1.5
1.9
1.8
1.2
1.9
-.3
-.6
-.6
-.5
.6

-.1
-2.6
1.0
.0
-.4
-3.5
-3.1
-1.4
-3.8
-4.7
.7
1.3
-.4

2.8
4.1
3.1
2.0
.4
1.3
-.1
-.6
.5
5.6
2.4
1.6
3.8

-5.3
-22.5
-.1
-2.5
-4.4
-2.1
-9.1
1.2
-.7
-4.7
1.4
.0
3.8

6.6 |
24.9

-.5
.3
.8
-.6

1.1
2.3
1.5
.1
.3
.0
2.2
-3.2
-.1
2.2
-.5
-.8
.1

2.1
.0
4.2
-•2
-•7
.5

7.6
-1.2
17.5
3.1
5.6
3.9
.4
6.8
3.7
4.1
-.5
-.9
.3

5.1
5.3
3.6
2.4

.1
.2
.1
.0

.3
.2
.3
.1

.6
.6
.4
.2

.5
.5
•7

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

3.4
3.3
3.1
3.1

-1.5
-.6
-2.6
-2.8

3.7
3.0
4.6
4.6

4.9
5.0
4.0
3.0

-1.5
1.6

3.6
•2

.4
.4

-.2
.1

.6
.3

•2
.7

-.3
.5

4.3
4.4

.3
-3.3

4.0
6.7

3.4
3.2

9.1
3.6

11.0
9.6

12.2
6.2

.3
.2

1.1
.8

1.3
.8

1.6
1.7

.9
-.2

4.1
2.9

-.8
-4.7

3.7
6.5

12.3
8.4

4.6

7.2

6.4

-.3

.8

.9

1.0

-1.0

2.4

-4.4

5.4 I

-1.7

3.5
2.8
-.4
.3
.2
-.2
•4
.6
.8
•4
1.6
-.1
•4
•4
.9
2.2
-7
1.8
1.6
-.4
•4
1.1

-2.6

1.3
.0
1.4
-1.3
-3.8

.4
-1.8

-1.1
-4.3
-6.9

11.5

2.7

6.5

-14.9
-1.1

16.6

1.1
3.4
2.5
4.2
-3.4

1.8
.7
.7
.9
-.4
.7
.7
.5

-1.3

.0
-1.6
-7.3

1.9
-.3

-1.3

.8
1.7
-.9

-2.3
-3.0
-3.2
-2.9
-3.6
-2.7
-1.7

.0
-.6
.3

-.9

-1.5

-9.1

1.8
.9

6.5
-4.6

-.8
.0
1.4
•7
2.9
4.1

-1.9

-1.0
-8.1

4.3

-.91
-1.2

-.4

13.3
29.8
64.3
56.5
72.4

2.7
4.3
1.8
-6.0

8.0
8.1
4.3
4.0
4.9
7.0
5.3
2.0
2.8
-1.5

1.7
-3.2

5.5
6.1
1.7
3.7
4.6
17.8
48.8
11.7

1.0
1.4

2.7
3.7
3.3
2.3
10.5

SP1CIAL AQGR5GATES

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



5

i

6.6

Table 2A
INDUSTRIAL PRODUCTION: INDUSTRY GROUPS
Jia^njjiyA^yiji^:

index. l992=flKT

1996
IP
PrppQrtion1

TSS7"
Mar.

Apr.

Mavr

Juner

Julvr

AUQ.P

100.00

118.8

119.3

119.5

119.9

120.4

121.3

86.34

120.6

120.9

121.0

121.6

122.2

Primary processing
Advanced processing

27.72
58.62

115.6
123.0

115.6
123.5

115.8
123.6

115.7
124.5

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

46.79
2.06
1.30
2.12

131.7
113.3
111.0
113.5

132.3
113.6
112.7
113.8

132.7
114.0
113.9
112.8

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

121.3
118.7
114.2
124.2
120.4

120.2
119.3
115.5
121.3
120.8

9.51
2.45
8.58
3.87

167.4
354.7
175.2
302.7

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

372-6,9
38
39

8.41
4.80
2.29
3.62
4.72
1.29

20
21
22
23
26

Mavr

Juner

Julvr

AuqTP

118.5

118.4

118.0

121.9

119.0

124.4

123.4

119.6

120.7

120.6

124.7

120.5

126.9

116.0
125.2

116.7
126.7

114.8
122.0

116.5
122.7

115.8
123.0

118.0
127.9

114.2
123.5

118.3
131.2

134.1
114.3
114.5
113.2

134.7
113.4
113.3
113.6

136.8
113.6
114.3
113.9

132.7
111.4
109.7
110.2

133.4
114.0
110.3
113.7

133.2
112.6
110.7
114.0

137.3
117.9
115.4
117.2

129.8
111.7
112.3
114.5

138.5
117.9
121.8
118.7

123.4
123.6
115.8
123.1
121.1

123.4
120.3
115.1
126.9
120.7

122.0
120.8
115.4
123.3
121.0

124.7
123.3
118.5
126.3
121.8

123.3
121.0
117.3
126.0
119.6

124.6
124.9
119.1
124.2
118.3

124.2
124.1
115.7
124.2
119.8

123.9
121.4
115.1
126.8
122.8

116.4
116.4
110.6
116.4
120,0

122.0
119.8
114.4
124.6
124,9

171.3
363.8
176.7
308.1

170.5
371.8
178.1
312.8

171.9
382.0
181.7
321.2

175.3
394.4
185.5
331.8

178.4
408.2
187.4
339.5

169.1
344.4
175.0
304.9

170.2
346.6
175.5
307.0

170.3
364.7
176.4
310.8

177.8
396.9
183.0
323.1

174.6
420.1
182.7
325.5

181.5
435.8
187.7
336.0

111.9
128.9
129.5
94.8
104.7
116.3

110.6
125.3
119.1
95.5
104.4
116.9

110.2
123.7
121.6
96.4
105.2
117.0

112.8
127.6
123.1
97.7
105.8
117.5

111.3
123.1
116.9
98.9
105.3
118.8

115.7
130.8
129.1
100.3
106.1
118.5

117,1
138.9
136.9
95.7
103.4
115.7

118.2
140.2
139.2
96.5
103.1
116.0

115.8
134.8
134.8
96.9
103.6
116.3

118.4
138.7
133.5
98.3
107.3
117.8

93.8
87.8
79,1
97.2
106.8
113,6

115.8
132.9
128.7
98,5
108,3
118,9

39.55
9.37
1.16
1.57
1.80
3.29

108.7
109.2
106.9
108.2
96.3
112.1

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
102.8
109.0
96.6
111.4

109.0
108.6
104.2
108.8
96.1
114.7

109.3
108.7
106.0
108.8
95.2
114.3

105.9
103.7
105.8
107.1
95.5
111.8

107.4
104.6
108.6
113.3
94.5
114,4

107.3
106.0
100,3
110.7
96.3
110.8

111.3
110.2
114.5
115,5
98,7
112,9

110.4
110.9
89.3
104.6
94.1
112.6

114.6
115.7
116.9
112.8
98.3
11 §,5

27
28
29
30
31

6.44
10.17
1.75
3.78
.20

99.7
112.0
108.1
124.0
78.4

99.6
113.3
110.7
122.3
78.8

99.8
112.7
112.1
123.4
77.0

99.3
112,3
111.3
124.0
75.5

99.5
113.2
110.1
123.7

74.9

100,0
113.2
111.4
125.3
75.6

96.8
109.9
101.9
123.9
78.0

97,4
111.7
107.6
122.8

78.5

96.8
111.7
113.6
123.2
77.0

101,1
115.7
116.0
126.2
77,6

103.8
117.5
115.0
119.9
71.0

106,5
119,0
116.1
126,1
77.0

10
12
13
14

5.59
.42
.87
3.71
.60

107.5
104.8
105.2
105.4
128.8

106.0
103.5
104.1
104.5
122.3

108.1
104.2
115.9
105.0
121.3

107.4
105.6
107.4
105.5
123.0

106.8
104.3
114.1
103.8
118.9

105.8
104.3
109.8
103.3
119.1

105.1
104.8
112.2
103.7
104.3

105.0
102.7
103.9
103.3
121.2

107.3
104.8
109.9
103.5
133.1

107.9
108.7
106.9
103.6
140.0

106.1
105.3
104.3
102.6
135.9

107.6
105.3
111.6
102.7
139.0

8.07
6.26
1.81

109.9
110.3
108.7

113.6
113.6
113.2

112.4
110.5
119.0

112.1
111.1
115.6

112.7
112.6
112.7

111.4
111.0
112.7

117.2
106.3
155,2

104.1
101.5
112.6

99.1

491,3pt
492,3pt

102.6
86.6

103.8
114.7
65.6

112.9
127.2
63.0

110.4 .
124.3
61.9

81.54
83,89
80.02

120.0
117.3
112.7

120,6
117.5
112.8

120.8
117.6
112.8

121.2
118,0
113.1

122.1
118.5
113.4

122.9
119.6
114.3

118.5
116.5
111.8

119.6
117.5
112.9

119.8
117.2
112.5

123.8
121.0
116.0

122.1
116.5
111,5

126.5
122s8
117.7

12.3
6.1
6.2
5.9
0.3

11,3
5.7
5.6
5.3
0.3

11,5
5.8
5.7
5.4
0.3

11,7
5.7
6.0
5.8
0.3

11.0
5.8
5,2
4.9
0,3

12.3
6.1
6.2
6.0
0.3

12.4
6.1
6.2
6.0
0.3

13.1
6.7
6.5
6.1
0.3

12.7
6.5
6.2
5.9
0.3

12.0
5.9
6.2
5.9
0.3

7.8
4.1
3.6
3.4
0.3

11.7
5.8
5.8
5.6
0.3

-SIC

Total index
Manufacturing

37
371

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

JB^mal&afflMgigfl,
Apr.

Item

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

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




6

Table 2B
INDUSTRIAL PRODUCTION: INDUSTRY GROUPS
Percent change
[

Seasonallyadjusted
annual rate
1997
Q3
Q4
Q1 _ Q 2 L

1995 Q4
to
1996Q4

im~

Total index

3.9

3.3

4.5

4.4

Manufacturing

4.1

5.0

4.3

2.9
4.8

5.4
4.8

5.7
2.7
2.5
1.9

ifem

June

Julv

Aua.P

raf
Mav

June "

Julv

4.3

.1

.3

.4

.7

-.3

3.3

-2.4

4.5

4.7

5.3

4.1

.1

.4

.5

1.0

-.1

3.4

-3.4

5.4

5.3

2.3
5.2

3.0
6.4

3.6
4.3

•2
.1

-.1
.7

.2
.6

.6
1.2

-.7
.2

2.0
4*1

-3.3
-3.4

3.6
6.2

3.2
6.3

6.0
-1.9
-2.7
11.8

2.8
-1.3
7.1
-5.0

8.2
4.2
-.5
4.9

7.5
10.0
12.8
1.3

.3
.3
1.1
-.9

1.0
.3
.5
.4

.4
-.7
-1.1
.3

1.6
.1
.9
.2

-.1
-1.2
.3
.3

3.1
4.8
4.3
2.8

-5.5
-5.3
-2.7
-2.3

6.8
5.6
8.5
3.6

7.4
1.9
5.1
1.8

3.7
2.4
-1.7
5.2
2.7

7.4
7.4
-.4
7.6
3.1

4.1
2.6
-7.9
6.0
.1

-.3
-1.1
6.8
.7
1.4

9.0
9.8
10.0
8.2 !
3.8

2.6
3.6
•2
1.5
.2

.0
-2.6
-.6
3.1
-.3

-1.2
.4
.3
-2.8
.3

2.2
2.1
2.7
2.4
.7

-.3
-.6
-2.8
.0
1.3

-.2
-2.2
-.5
2.0
2.5

-6.0
-4.1
-3.9
-8.1
-2.3

4.8
2.9
3.4
7.0
4.1

5.4
4.3
4.3
6.6
2.0

10.0
37.4
7.1
16.0

11.6
43.0
5.6
15.3

6.8
22.1
6.7
17.8

12.3
25.9
12.3
33.4

12.6
31.9
16.5
31.0

-.5
2.2
.8
1.5

.8
2.8
2.0
2.7

1.9
3.3
2.1
3.3

1.8
3.5

.0
5.2
.5
1.2

4.4
8.8
3.7
4.0

-1.8
5.8
-.2
.7

3.9
3.7
2.7
3.2

11.8
31.3
13.9
29.3

6.5
-1.6
-.4
18.9
2.7
3.2

7.6
2.7
11.7
14.9
.3
1.9

-2.2
-15.2
-24.8
18.1
2.9
5.9

14.2
14.1
22.4
14.3
2.7
7.0

-2.1
-13.5
-22.4
13.7
3.6
2.0

-.3
-1.3
2.1
.9
.8
.1

2.3
3.1
1.2
1.3
.6
.4

-1.3
-3.5
-5.1
1.3
-.5
1.1

3.9
-2.0
6.3
-3.9
10.5
-3.2
1.4
.5
.8 !
.4
-.2 !
.3

2.2
2.9
-.9
1.4
3.6
1.3

-20.8
-36.7
-40.7
-1.1
-.5
-3.6

23.4
5.8
51.3 I -1.4
62.7
-1.4
1.3
15.9
1.5
3.1
4.9
4.7

20
21
22
23
26

2.3
2.1
2.6
.5
-2.8
1.7

3.7
.9
-4.5
5.4
-2.9
I
4.2

6.0
6.0
9.1
-1.8
-3.6
2.8

2.0
3.6
-1.5
-.9
-5.4
5.2

.0
-1.9
-5.7
4.5
1.2
3.4

.0
-.2
-1.2
-1.2
.3
.6

-.3
-.2
-1.3
1.5
.2
-1.3

.6
.7
1.3
-.2
-.6
3.0

.3
.1
1.7
.1
-.8
-.3

.0
1.3
-7.6
-2.2
1.9
-3.1

3.7
4.0
14.1
4.4
2.6
1.9

-.8
.6
-22.0
-9.4
-4.7
-.3

3.8
4.4
30.9
7.8
4.5
2.6

2.9
3.0
1.8
1.1
-3.3
5.7

27
28
29
30
31

.4
5.0
3.5
2.5
-4.7

3.8
6.9
2.4
7.8
-6.2

6.9
12.3
3.9
.3
-5.1

1.6
1.8
1.4
2.7
-2.6

-2.6
-.4
12.8
1.6!
-4.8

.1
-.5
1.3
.9
-2.3

-.5
-.3
-.7
.4
-1.9

.2
.8
-1.1
-.2
-.9

.5
.0
1.2
1.2
1.0

-.6
.0
5.5
.3
-1.9

4.4
3.5
2.1
2.4
.8

2.7
1.6
-.8
-5.0
-8.5

2.6
1.2
1.0
5.2
8.3

2.1
4.1
3.4
2.7
-4.9

10
12
13
14

3.4
1.7
4.1
3.0
6.9

.8
14.5
-4.6
-.5
7.5

.5
2.7
9.6
-2.1
2.6

7.8
2.4
-5.6
11.7
9.0

5.4
-3.6
8.0
7.5
-4.7

1.9
.6
11.4
.4
-.8

-.6
1.4
-7.4
.5
1.4

-.5
-1.3
6.2
-1.6
-3.3

-.9i
•1
-3.7
-.5
.1

2.1
2.0
5.8
.1
9.9

.6
3.7
-2.8
.2
5.2

-1.6
-3.1
-2.4
-1.0
-2.9

1.4
.0
7.0
.1
2.3

1.3
.3
.2
2.2
-2.1

491,3pt
492,3pt

1.4
.9
3.1

-12.0
-10.8
-16.1

9.5
5.9
23.1

-7.1
-3.4
-19.0

6.5
1.1
27.7

-1.0
-2.8
5.1

-.3
.6
-2.9

.5
1.4
-2.4

-1.1
-1.4
.0

-4.8
1.0
-23.0

4.8
11.8
-24.3

8.7
10.9
-4.0

-2.2
-2.3
-1.8

.5
-.4
3.9

4.5
3.3
2.7

5.1
4.0
3.4

5.6
3.8
3.1

4.8
4.7
3.4

5.2
3.2
1.9

.2
.1
.0

.3
.4
.2

.7
.4
.3

.9
.9

.1
-.3
-.3

3.4
3.2
3.1

-1.4
-3.7
-3.9

3.6
5.4
5.5

5.7
4.6
3.4

Sip

Durable
Lumber and products
Furniture and fixtures
Stone, clay, and glass products

24
25
32

Primary metals
33
Iron and steel
331,2
Raw steel
Nonferrous
333-6,9
Fabricated metal products
34
Industrial machinery
and equipment
35
Computer and office equip.
357 |
Electrical machinery
36
Semiconductors
3672-9
37
371
372-6,9 !
38 !
39

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

Aug. 96
to
Aug 97

Mav

_

Primary processing
Advanced processing

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

Not seasonally adjusted

Seasonally adjusted

m?r

!
!

|

r

r

i.o

2.3

r

1

r

Aua.P

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

1

l

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




•H

JBbm 3
CAPACITY UTILIZATION MANUFACTURING, MINING, AND UTILITIES
Percent of capacity, seasonally adjusted
"™»"™^^

^^E^W*™^™

SIC

Item

1996
Proportion

rmrr
1996
Ave.

1973
High

-rmr1980
High

1982
Low

87.3

TUggr
^msr
1989 1991
High

Low

1996
Aug.

1997
Mar.

Apr,

Mavr

June8"

Julvf

Aug.P

71.1

85.3

78.1

83.2

83.6

83.6

83.5

83.5

83.6

83.9

Total industry

100.00

82.1

89.2

Manufacturing

87.43

81.2

88.5

86.9

69.0

85.7

76.6

82.3

82.7

82.6

82.4

82,5

82.6

83.1

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

86.5
80.4

87.3
80.7

87.1
80.6

87.1
80.3

86.9
80,6

86.9
80.7

87.3
81.3

47.70
1.97
1.32
2.20

79.5
82.7
81.7
78.0

89.2
88.7
96.8
88.8

87.7
87.9
85.5
88.0

63.9
60.8
68.9
64.3

84.5
93.6
86.6
83.6

73.2
75.5
72.5
69.7

82.5
86.3
80.7
79.7

82.3
86.3
81.3
79.9

82.2
86.3
82.4
80,0

82.0
86.3
83.1
79.1

82.4
86.3
83.4
79.2

82.3
85.5
82.3
79.3

83.2
85.3
82.9
79.4

3.22
1.75
.08
1.46
.08
.10

80.8
80.6
80.6
81.3
74.1
88.5

100.2
105.8
102.7
90.8
93.4
95.7

94.2
95.8
95.8
91.1
81.5
97.6

45.1
37.0
35.2
60.1
42.1
58.6

92.7
95.2
92.7
89.3
86.3
100.4

73.7
71.8
71.5
74.2
73.6
97.3

91.2
89.6
92.3
93.2
77.6
85.8

91.5
87.7
91.5
96.3
93.5
86.4

90.5
87.9
92.0
93.7
94.8
86.3

92.5
90.8
91.7
94.8
90.3
85.7

92.3
88.2
90.6
97.5
101.3
86.3

91.0
88.3
90.3
94.5
99.4
85.9

92.7
89.8
92.2
96.5
86.3

84.8

84.2

83.8

83.8

84,?

90.5
92.9
82.0

Primary processing
Advanced processing
Durable
Lumber and products
Furniture and fixtures
Stone, clay, and glass products
Primary metals
Iron and steel
Raw steel
Nonferrous
Primary copper
Primary aluminum

24
25
32

33
331,2
333-6,9
3331
3334
34

5.18

78.2

87.8

83.9

63.7

82.0

72.2

84.1

84.2

35
357
36

8.92
2.37
8.77

I 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

88.8
87.8
80.1

90.0
87.6
79.8

88.7
87.0
79.4

38.5
87.0
80.0

89.3
87.3
80.8

90.0
87.9
80.6

37
371

75.7
76.4

86.1
93.4

372-6,9
38
39

9.77
5.56
2.49
4.22
4.98
1.36

75.3
81.9
75.3

78.4
89.9
82.9

84.8
95.0
94.6
81.9
92.7
79.4

57.2
45.5
40.6
66.6
78.4
65.4

85.8
89.1
92.2
87.3
81.4
79.0

75.2
68.5 I 73.9
55.9 | 75.4 I 72.3
53.3
81.4
79.7
79.2
72.0
79.1
77.2
79.3
80.5
71.7
78.1
79.8

74.1
70.2
73.2
79.5
80.2
80.1

73.8
69.2
74.6
80.0
80.9
80.0

75.4
71.3
75.3
80.9
81.3
80.3

74.3
68.7
71.4
81.7
80.9
81.0

77.1
73.0
78.7
82.6
81.5

20
22
23
26
261-3
27

39.73
9.48
1.60
1.99
3.17
1.26
6.55

83.4
I 83.0
85.5
81.1
89.3
92.4
85.9

87.8
86.0
91.4
84.2
97.1
97.2
89.7

87.5
84.6
91.2
87.5
96.1
98.3
93.9

76.4
79.1
72.3
77.5
80.6
82.0
82.0

87.3
85.4
90.4
85.1
93.5
98.0
91.7

80.7
82.7
77.7
75.5
85.0
89.9
79.6

82.0
80.4
82.7
75.3
88.0
91.7
80.5

83.1
82.3
82.4
73.4
90.6
93.0
82.2

83.0
81.5
827
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
82.9
73.6
89.8
90.6
82.0

82.9
81.4
82.7
73.2
92.4
94.5
82.2

82.7

28
Chemicals and products
Plastics materials
2821
2823,4
Synthetic fibers
29
Petroleum products
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

78.1
94.9
87.6
94.8
92.1
71.1

79.0
93.0
88.5
94.9
92.6
70.9

79.6
93.3
95.0
97.0
91.1
71.5

79.0
92.5
83.3
98.2
91.6
70.0

78.6
92.0
82.6
97.4
91.8
68.8

78.9

78.8

91.6
96.2
91.4
68.4

97.3
92.3
69.2

10
12
13
138
14

5.29
.42
.85
3.50
.65
.52

87.5
78.5
86.9
88.5
72.8
85.4

94.3
89.6
91.0
96.9
93.0
95.0

96.0
87.9
99.4
97.3
104.3
92.7

80.3
44.4
76.6
82.3
50.9
63.3

86.8
89.4
91.5
86.6
60.6
89.1

86.1
79.9
83.4
87.5 I
53.7
79.4

91.9
87.6
88.7
92.5
82.9
96.7

94.3
88.1
84.5
96.5
104.9
101.1

92.9
87.0
83.5
95.5
103.6
95.8

94.6
87.5
92.9
95.8
104.1
94.9

93.9
88.6
86.0
96.1
108.2
96.0

93.2
87.4
91.3
94.4
99.7
92.7

92.2
87.3
87.8
93.8
97.2
92.6

491,3pt
492,3pt

7.28
5.59
1.69

87.2
89.1
82.4

96.2
99.0
94.1

89.1
88.2
93.7

75.9
78.9
69.1

92.6
95.0
85.0

83.4
87.1
67.1

88.5
90.2
82.5

86.3
88.1
32.2

89.6
90.6
85.6

88.5
88.0
90.0

88.2
88.4
87.3

88.5
89.4
85.2

87.4
88.0
85.1

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

Mining
Metafmlning
Coai mining
Oil and gas extraction
Oil and gas well drilling
Stone and earth minerals
Utilities
Electric
Gas

so:?
83.0
81.4
82.7
72.6
92.0

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




Table 4
INDUSTRIAL CAPACITY: MANUFACTURING, MINING, AND UTILITIES

Item

Percent chanae
°
Annual rate
I
December to December
| W 7 - 1967- 19751997 1975 1997
1996
Ave.
Ave. 1993 1994 1995 1996 1997P Aua.
Ave.
SIC

Capacity indexes
P^rperitof1992outDut
1997
Mar.

Aor.

Mav

June

Julv

Aua.

Totai industry

2.8

3.8

2.4

1.8

2.9

3.4

3.7

4.0

139.2

142.2

142.7

143.2

143.6

144.1

144.6

Manufacturing

3.1

4.0

2.8

2.0

3.2

3.8

4.1

4.3

142.5

145.8

146.4

146.9

147.4

147.9

148.5

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

130.7
148.2

132.4
152.5

132.7
153.2

132.9
153.8

133.2
154.5

133.5
155.2

133.7
155.8

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

3.5
1.8
2.8
1.4

3.7
2.9
4.5
2.5

3.4
1.4
2.1
.9

2.6
.4
1.4
.1

4.2
2,6
1.4
1.0

5.7
2.1
1,3
1.3

6.2
2.9
2.4
2.3

6.6
3.2
2.3
2.4

154.5 160.1
! 129.1 131.3
134.7 136.5
I 140.2 142.0

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

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

129.8
131.9
123.1
127.1
128.4
103.7

132.5
135.3
124.8
129.0
126.7
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

34

1.6

3.1

1.1

1.6

1.4

2.8

2.9

2.7

140.8

143.1

143.4

143.7

144.0

144.3

144.7

35
357
36

5.3
20.4
7.4

4.7
12.0
5.9

5.6
24.0
8.1

4.8
19.4
8.3

6.5
23.1
12,0

9.2
29.5
17,0

11.6
36.7
16,5

12.8
39,8
15,5

2.6
3.3

3.0
4.4

2.4
2.8

372-6,9
38
39

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

147.9
176.1
160.9
120.2
129.9
144.5

148.9
178.4
162.5
119.9
130.0
145.8

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

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

129.6 i 130.8
131.2 132.6
130.1 131.3
130.8 131.3
122.9 123.7
119.0 120.3
121.7 121.3

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

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

3.7
6.5
3M
1.5
5.1
-3 T 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

139.2
131.8
121.6
113.7
132.4
111.8

141.8
136.8
123.0
114.0
134.0
110.5

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

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
123.6
109.3
147.9
125.8

113.9
119.0
124.5
109.2
146.3
127.4

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

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

125.2 126.6
1.5
1.7 I 123.6 I 125.2
.5
131.6 132.1

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

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

Mining
Metalmlning
Coalmining
OH and gas extraction
lOil and gas well drilling
Stone and earth minerals
Utilities
Electric
Gas

33
331,2

37
371 |

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




176.3 188.4 190.3 192.3 194.3 196,2 198.1
334.6 403.8 415.3 427.1 439.3 451.7 464.6
200.6 218.9 221.5 224.2 227.0 229.6 232.4

Table 5A
INDUSTRIAL PRODUCTION, CAPACITY AND UTILIZATION FOR TOTAL INDUSTRY: HISTORICAL DATA
Seasonally adjusted
Q1

Q2

Q3

Q4

1.3
.3
-.5

.6
.5
.3
.7
.4

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

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

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

-1.3
-.1
.6
.5
.6

1.9
-8.2
1.1
3.7
6.2

.8
1.3
6.7
.8
6.7

6.3
2.2
1.7
4.4

-5.7
1.1
5.6
5.8
5.6

.0
.0
.4

.8
.3
.7

-.4
.2

.2
.8

3.9
1.6
4.4

-.7
6.2
4.3

3.2
3.3

.8
4.5

88.0
88.2
93.1
96.8
99.3

87.6
88.5
93.7
97.4
98.3

88.1
88.7
93.8
98.0
98.7

88.6
88.7
93.7
97.6
98.5

87.9
89.5
94.9
97.9
98.1

88.4
89.9
95.2
98.6
98.5

89.0
90.7
95.8
99.1
98.9

87.4
88.8
91.0
96.0
99.5

88.0
88.5
92.5
96.8
99.6

88.1
68.6
93.7
97.7
98.5

88.4
90.0
95.3
98.5
98.5

99.3
96.0

99.3
97.2

99.2
97.2

99.4
97.4

99.5
98.3
100.5
103.9
109.3

99.0

97.7
98.1
101.9
104.6
110.6

97.1

98.2
101.3
104.1
109.9

97.4

99.0
95.8

99.2
96.2

99.4
97.6

97.9
97.9

101.9
105.4
111.6

98.2
102.6
106.3

99.8
102.8
108.0

100.3
103.3
109.2

101.7
104.7
110.7

Feb.

Mar.

Apr.

May

1985
1986
1987
1988
1989

-.7
1.2
.3
-.8

.3
- 1 .0
A
.0
.9

.2
.8
.4
.6
.3

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

1990
1991
1992
1993
1994

.5
-.8
.7
.5
.5

.5
-.9
.8
A
.7

-.6
.3
.7
.3
.4

.4
.8
.4
-.6
.6

.1
1.

1995
1996
1997

-.2
1.3
.5

.1
-.5
.4

-.3
.9
.4

.1
.4
.1

87.8
88.0
91.5
96.2
99.8

88.0
88.7
91.9
96.7
100.1
98.9

Jan.

Year

June

July

Aug.

-.4
.3
.6
.7
-1.0

.6
.3
.1
.5
.4

-.1
.1
.7
.3
.5

.2
A
.:

88.2
88.5
92.3
96.8
99.5

Sept.

Oct.

Nov.

-.9
.9

Dec.

Industrial
Production,
Percent
Change1

.:

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

1990
1991
1992
1993
1994

98.5
96.7
97.5

99.0
95.9
98.1

99.4
95.0
98.9

95.3
99.6

102.3
105.7

102.8
106.2

102.8
107.0

103.2
107.4

100.0
102.6
108.1

99.7
102.8
108.6

100.4
103.1
109.1

100.1
102.8
109.2

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
120.4

112.6
115.8
121.3

113.0
116.0

112.5
116.2

112.7
117.2

112.8
117.7

111.8
113.1
118.3

111.6
114.8
119.6

112.4
115.8

112.7
117.0

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 | 109.0
113.8 112.3
115.2 114.0
116.7 115.5
119.0 117.0

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

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
120.1
123.0 S 122.3
124.4
125.3
126.7
127.5
129.7
131.1

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

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

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
83.8

83.9
83.1
83.6

83.7
83.2
83.5

83.6
83.5
83.5

83.4
83.2
83.6

83.8
83.2
83.9

83.9
83.1

83.3
83.0

83.2
83.4

83.0
83.5

84.6
82.8
83.5

83.7
83.3
83.5

83.7
83.2

83.2
83.3

83.8
83.1

Utilization
1985
1986
1987
1988
1989

I




10

110.3
113.0
114.6
116.0
117.9

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

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.

(Pet.

Nov.

Dec.

Q1

Q2

Q3

Q4

Annual

Industrial
Production,
Percent
Change1
1985
1986
1987
1988
1989

.1
1.5
-.8
-.2
.9

.6
-.5
1.6
.4
-1.2

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

.2
1.4
.5
1.0
.1

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

-.3
-.3
1.0
.0
.0

-.4
.3
.7
.7
-1.1

.9
.6
-.2
.3
.4

.4
.0
.1
.2
-.3

-.8
.8
1.3
.2
-.6

1.1
.4
.5
1.0
.4

-.1
1.2
.6
.6
.1

2.1
4,5
5.0
2.4
4.3

4.2
1.7
7.0
4.1
-.7

1.1
1.7
5.5
3.7
-4.5

1.6
6.7
7.6
5.2
-1.4

2.3
2.8
5.3
4.7
1.9

1990
1991
1992
1993
1994

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

.9
-.7
.8
.3
.6

.3
-1.1
.9
.1
.9

-.8
.3
.6
.5
.7

.4
.7
.4
-.5
.7

-.1
1.4
-.1
.0
.2

.0
.2
.7
.3
.8

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

.0
1.1
.4
1.1
.2

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

-1.3
-.2
.6
.5
.7

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

2.9
-9.7
2.3
4.5
6.3

-.1
1.2
7.3
1.4
8.1

.8
7.8
2.8
1.2
5.0

-6.3
1.7
5.1
6.2
6.7

1995
1996
1997

.4
-.4
.1

-.4
1.3
.6

.1
-.8
.4

-.3
1.1
.3

-.1
.4
.1

.2
.7
.4

-.1
.5
.5

.7
.1
1.0

.7
.2

-.4
.2

-.1
.8

.1
.6

4.2
1.1
5.3

-1.4
6.3
4.1

2.6
5.0

1.0
4.3

3.5
2.7

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

I 99.8

85.8
87.7
92.1
96.6
99.6

86.0
88.0
93.4
97.5
98.5

86.3 j
89.5
95.1 I
98.7
98.1

85.7
88.1
92.8
97.1
99.0

1990
1991
1992
1993
1994

98.1
95.8
I 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
122.2

113.4
117.2
123.4

114.2
117.4

113.8
117.6

113.6
118.5

113.8
119.2

113.1
114.0
120.0

112.7
115.8
121.2

113.4
117.2

113.7
118.4

113.2
116.3

Capacity
1985
1986
1987
1988
1989

107.0
i 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

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

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
84.3
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
7BA
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

32.3
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
82.6

82.9
82.3
83.1

83.2
82.1

82.6
82.0

82.2
82.4

82.0
82.5

84.2
81.7
82.5

83.1
82.1
82.5

82.9
82.3

82.3
32.3

83.1
82.1

Year

Industrial
Production
1985
1986
1987
1988
1989

Utilization
1985
1986
1987
1988
1989

1. Quarterly pe rcent ch singes are at annual rates. Annual perciNit Chan ges are calculated from annual iaverage IT"



11

-.5

J -2.4
4.0
3.7
5.5

Table 6
INDUSTRIAL PRODUCTION: INDUSTRY SUBTOTALS AND INDIVIDUAL SERIES
jndexrT^~ib6
SIC

Item
Metal mining
Iron ore
Nonferrous ores
Copper

1
1996
IP
Feb.
Proportion

Mar.

Apr.

Julv

r

rr§§r
Feb.
103.8
111.0
102.9
108.2

Not seasonally adjusted
Mar.

Apr.

Mavr

Juner

Julvr

104.8
110.4
104.2
108.7

102.7
103.0
102.9
107.3

104.8
114.0
103.7
105.9

108.7
115.8
107.9
115.1

105.3
107,6
105.2
111.2

105.7
122.9
103.2
108.7

104.8
116.2
103.2
111.3

103.5 104.2
109.0 108.9
102.9 103.6
106.4 108.4

105.6
110.7
105.0
111.6

104.3
102.0
104.8
108.6

12

.87

109.6

105.2

104.1

115.9

107.4

114.1

114.0

112.2

103.9

109.9

106.9

104.3

13
131

103.1
96.0
88.4
106.5
114.5
140.7

105.4 104.5 105.0
96.7
96.1
96.4
88.4
88.7 87.2
108.0 106.3 109.1
113.6 108.7 107.8
153.4 152.5 154.2

105.5
95.7
86.2
108.7
109.1
161.4

103.8
95.9
87.4

103.7
96.9
88.6
108.4
113.5
140.4

103.3
96.6
88.7
107.6
109.9
140.8

103.5
96.4
87.5
108.6
108.6
143.6

103.6
95.3
86.1
108.0
109.5
150.4

102.6
94.2
86.0

109.0
149.6

103.0
97.3
89.5
108.2
112.6
133.4

109.5
148.8

125.0

128.8

122.3

121.3

123.0

118.9

89.3

104,3

121.2

133.1

140,0

135.9

108.1
113.9
113.1
95.1
128.9
93.9
100.6
76.0
109.5
93.1
97.8
101.6

107.9 108.6 102.7
112.4 114.2 112.4
108.8 112.0 109.5
100.5 102.9 99.7
125.7 125.6 124.6
93.1
91.8
97.9
102.2 103.4 101.5
76.4
80.4
94.7
111.8 113.5 112.4
95.7 101.1 | 92.6
99.0
94.5
95.8
102.6 103.6 | 102.9

103.7
110.4
105.0
101.4
122.4
104.9
104.3
85.2
112.8
96.7
104,4
104.6

104.6 106.0
113.8 112.6
109.5 112.1
101.0 91.2
128.0 128.5
92.7
89.0
107.9 109.4
94.1
80.8
109.9 113.2
109.6 112.0
108.1 110.9
106.6 106.8

110.2 110.9
116.1 110.6
118.3 113.2
95.6
90.7
130.7 122.1
91.3
83.4
110.8 105.1
68.3
62.7
114.6 109.0
107.5 98.1
126.7 117.8
106.2 103.3

96.4
105.0
96.0
108.1
104.7
101.3
98.0
102.9
102.4
111.1

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
106.9
99.5
93.5
120.5

109.9
108:2
113.2
97.1
87.5
120r1

121.5
111.7
85.7

129.0
117.2

105.8

108.6

100.3

114.5

89.3

132
138

3.71
2.84
1.52
1.32
.22
.64

Stone and earth minerals

14

.60

20
201

202
2021
2022
2023 i
2024
2026

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

108.4 109.2 108.3
114.0 114.7 112.6
113.0 114.2 111.4
101.0 103.5 96.1
125.5 124.4 126.6
91.2
90.4
92.5
101.1 99.9 100.2
75.1
80.8
76.8
111,1 108.5 108.7
87.9
91.5
88.5
i 104.9 101.9 98.7
101.7 101.7 101.6

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

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

108.4
| 108.1
105.7
112.3
102.0
110.3
100.5
116.5
107.6
98.1

21

1.16

105,7

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

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

Apparel products

23

1.80

95.8

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

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

112.0
102.3
93.8
119.2
113.0
101.1
163.5

Foods
Meat products
Beef
Pork
Poultry
Miscellaneous meats
Dairy products
Butter
Cheese
Concentrated milk
Frozen desserts
Milk and misc. dairy products

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

June

r

.42
.06
.36
.12

Oil and gas extraction
Crude oil and natural gas
Crude oil, total
Natural gas
Natural gas iquids
Oil and gas well drilling

Tobacco products

Mav

r

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

~~~l ^ _

Seasonallvadiusted

107.7 106.8 105.5
109.5 108.5 108.7
103.4 102.6 102.3
114.6 114.4 112.7
99.0
98.1 96.9
115.1 112.1 111.4
115.9 105.8 105.5
115.9 116.8 116.2
107.5 110.2 110.8
98.2 103.4 104.8

106.7
108.0
102.0
111.2
97.0
111.5

107.5
109.6
104.0
109.3
95.6
110.7

113.6
109.8
95.7

115.1
111.0

104.2

102.8

104.2

109.3

106.9 108.2 108,6 107.3
106.8 102.5 111.3 103.4
109.0 103.3 113.4 103.1
113.1 116.1 116.7 115.4
111.1 112.1 111.9 113.8
112.3 113.4 113.6 116.5
99.8
95.3
99.1
92.7
92.3 116.8 96.2 102.6
111.9 111.2 112.1 112.4
104.1 100.0 102.5 102.3

109.0
105.1
105.1
113.4
112.3
114.7
96.7
108.0
114.7
106.4

108.8
104.8
115.0
114.6
117.9
95.2
96.6
117.4
111.2

105.5 107.1
106.9 104.9
108.1 104.7
110.4 114.8
103.8 105.5
105.3 106.0
101.8 94.7
90.9 111.5
113.9 114.1
108.6 104.8

96.4

96.6

96.1

113.3 113.6 114.0
104.7 103.2 103.1
93.0
95.3 94.2
119.8 121.5 122.1
114.0 114.4 114.3
100.1 101.1 101.1
160.9 168.0 166.4

114.3
104.1
93.1
121.9
114.8
103.3
163.1

106.9

96.3

105.5

96.1

93.9

95.5

113.4 109.6
102.0 101.8
92.8
89.1
122.0 115.6
115.4 106.8
102.0 100.6
166.3 155.9

111.4
101.7
86.1
118.7
110.4
100.1
163.0

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




12

113.3 110.7
115.9 109.3
117.2 108.6
115.7 116.5
112.1 118.7
108.0 119.9
104.0 98.3
114.7 95.4
115.1 115.4
108.6 108.7

115.5 104.6
106.7 94.6
105.5
118.0 1Q8.7
126.8 116.2
126.9 122.9
96.4
84.0
118.6 102.1
118.4 111.4
110.8 102.7

96.3

98.7

94.1

114.0 112.6
102.0 99.6
86.4
90.0
123.0 122.2
113.5 115.4
102.0 103.0
176.2 170.2

117.9
108.0
95.7
125.4
117.8
105.3
176.5

111.7
101.5
97.6
119.4
116.0
98.8
150.8

94.5

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

JtegL

:r^-^_rrrr^T-T__rr

Furniture and fixtures
Household furniture

_SI£™

1996
1 / ' ^ ^ Seasonailvadiusted
IP
1
Feb.
Proportion
My. „ A f i r ! M Mat/ Juner

Index. 1 ^ = 160
I
^
Ju!v

r

Not seasonally adjusted

Feb.

Mar.

Aor.

May8, Juner

Julvr

25
251

1.30
.60

110.3
111.5

111.0
109.9

112.7
112.6

113.9
114.6

114.5
116.2

113.3
114.6

110.7
114.7

109.7
111.5

110.3
111.9

110.7
111.2

115.4
115.5

112.3
107.7

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

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

111.1
112.1
106.1
109.0
119.3
110.5
116.2
107.4

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
116.2
112.2

111.4
109.4
99.6
109.2
112.4
112.7
120.6
108.3

114.7 112.9
114.2 114.3
102.2 106.7
113.0 111.1
119.4 121.8
115.0 112.0
117.3 115.6
113.7 109.9

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

112.9
111.6
101.0
110.1
116.5
113.8
122.5
108.9

112.6
112.5
104.7
110.4
118.2
112.6
116.2
110.5

6.44
1.41
1.91
3.12

100.6
I 92.0
99.6
105.7

99.7
89.0
100.5
104.9

99.6
86.6
101.2
105.7

99.8
86.0
101.9
105.8

99.3
85.7
103.4
104.0

99.5
85.7
103.5
104.4

96.7
93.6
99.6
96.2

96.8
90.0
101.9
96.9

97.4
88.5
103.5
98.2

96.8
84.2
102.0
100.2

101.1
86.6
102.6
108.0

103.8
84.1
103.2
115.0

10.17

112.8

112.0

113.3

112.7

112.3

113.2

110.1

109.9

111.7

111.7

115.7

117.5

281,2,6
281
2812
2816 I
2819 !

4.06
.80
.06
.51
.35

109.2
94.0
117.4
101.1
87.3
101.6

109.1
93.1
120.9
96.0
86.4
102.0

109.2
93.0
116.3
103.6
86.0
101*2

106.7
90.4
112.4
96.1
84.0
99.0

106.4
90.3
116.2
95.6
83.9
98.7

107.5
89.9
118.4
108.4
81.3
99.0

110.1
94.8
117.3
101.5
88.0
104.6

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

107.7
91.9
117.3
100.3
85.4
101.4

106.7
87.5
118.4
105.9
78.4
95.4

282
2821
2823,4
286

1.42
.90
.38
1.84

121.5
127.1
108.7
108.5

121.7
127.2
108.8
108.7

124.7
128.2
117.3
107.0

120.1
127.7
103.2
105.8

120.0
127.6
102.8
105.3

123.9

123.8
130.0
107.7
109.4

130.4
134.3
120.1
108.7

121.5
128.7
104.5
106.2

122.9
129.6
106.7
105.4

121.4

114.5
105.4

124.2
129.6
111.2
108.4

111.7
106.5

283-5,9
283
284
285
287

5.50
3.05
1.36
.50
.61

116.4
122.5
103.5
122.7
103.1

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

117.4
122.6
106.3
118.4
105.4

118.3
123.4
107.1
119.1
104.6

110.3
113.5
100.4
120.5
104.0

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
108.6
134.0
103.0

127.8
136.6
113.4
124.0
101.5

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

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

108.6
106.6
111.1
110.1
87.1
108.3
104.5
124.5

108.1
106.5
104.7
112.6
72.1
111.4
106.8
120.0

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

110.1
109.2
110.1
115.6
76.2
112.5
108.4
115.5

100.4
100.0
94.5
103.9
88.4
108.1
100.3
101.3

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

115.0
113.4
126.5
115.6
73.7
115.1
109.8
126.6

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

3.78
.35
.62
2.81

123.1
121.0
115.0
125.3

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

123.7
123.6
115.6
125.8

123.3
132.5
114.7
124.2

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

119.9
106.3
116.7
122.4

31
314

.20
.09

77.6
80.1

78.4
80.7

78.8
79.0

77.0
78.5

75.5
75.9

74.9
74.8

75.7
77.5

78.0
78.8

78.5
77.6

77.0
78.2

77.6
78.2

71.0
71.4

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

2.12
.30
.13
.17
.10
1.26

112.5
94.5
75.5
119.6
128.8
115.0

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

113.2
93.0
72.8
112.4
129.9
117.4

113.6
96.8
73.7

107.5
95.8
79.2
82.5
125.3
111.6

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

117.2
96.9
78.7
136.5
138.5
118.7

114.5
98.7
77.5

Paper and products
Puip and paper
Wood puip
Paper
Paperboard
Paper products
Paperboard containers
Converted paper products

27
Printing and publishing
Newspapers
271
Periodicals, books, and cards 272,3,7
Job printing
274-6,8,9
Chemicals and products
Industrial chemicais and
synthetic materials
Basic chemicals
Alkalies and chlorine
Inorganic pigments
inorganic chemicais, 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

28

.09

128.1
116.4

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




13

122.9
115.6

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

m 'TV

• » . « • • » « « • — W — B M

•«••

Primary metals
Iron and steel
Basic steel and mil! products
Basic iron and steel
Pig iron
Raw steel

r™*5*85^^
1996
!P
p Feb.
^ ^ Mar.
SIC Proportion1

33
331,2
331

T ~

—

•

•

—

^

^

Not seasonally adjusted
r

Apr.

Mav

June

r

»JukL

Feb.5

120.0
I 118.2
I 119.6
106.0
105.2
112.3

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

123.4
120.3
122.8
107.4
105.8
115.1

122.0
120.8
124.3
105.8
102.8
115.4

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

123.9
121.4
124.3
107.0
104.9
115.1

116.4
116.4
120.2
103.3
100.8
110.6

123.7
132.3
123.4
138.7
I 111.5
I 120.2
113.0

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

129.8 129.6 126.2
131.8 142.6 136.3
129.7 I 133.1 127.6
147.8 ! 138.3 137.4
104.9 106.3 105.6
128.5 125.7 122.8
109.1 115.2 116.6

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
103.9

| 122.1 1242
105.7 105.9
120.9 118.5
89.2
89.6

121.3
106.7
120.3
89.5

123.1
105.2
114.7
88.9

126.9
110.6
128.7
89.5

123.3 125.1 126.0
107.8 i 109.0 109.3
128.4 124.8 124.8
89.1
89.7
89.7

124.2
106.9
119.5
89.2

124.2
106.1
116.4
88.9

126.8
107.9
125.4
89.4

116.4
104.1
119.3
89.2

122.1
117.3
96.9
137.9

124.2
120.0
101.8
138.1

127.4
124.5
110.4
137.3

123.3 126.9 128.0
119.8 i 123.8 125.2
97.5 ! 109.8 115.2
134.8 l 137.2 137.2

125.7
122.0
108.8
138.0

125.7
122.2
104.3
137.4

128.1
125.0
111.2
138.2

115.7
112.3
91.6
127.1

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

120.7
89.7
118.0
116.9
127.0
121.6
128.3

121.0 117.8 119.6
91.0
76.2
88.6
119.0 ! 117.5 117.4
117.5 117.6 117.1
127.0 122.8 124.1
122.0 i 120.4 122.2
129.2 I 128.0 130.3

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

122.8
106.2
120.9
120.2
128.5
123.2
131.0

120.0
99.2
120.7
120.6
127.9
119.2
126.8

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

335,6
335 i
3353-5 !
336

1.12
.84
.29
.28

J 136.1

126.9
124.1
114.6
138.2

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

5.28
.16
.54
.47
1.47
2.91
1.67

119.5
90.2
118.3
118.3
127.3
119.3
126.4

120.4
93.4
117.6
117.4
128.1
120.4
127.2

Industrial machinery
35 I
and equipment
351
Engines and turbines
352
Farm
353
Construction and allied
354
Metalworking
355
Special industry machinery
356
General industrial machinery
3562,6,8
Bearings and gears
Equipment
3561.3-5,7,9
357
Computer and office equip.
358
Service industry machines
3585 i
Refrig. and heating equip.
359
Miscellaneous machinery

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

166.6 167.4 171.3 170.5 171.9 175.3
121.3 119.5 120.9 123.9 121.9 122.2
144.4 142.0 153.9 147.0 150.1 152.1
156.5 153.9 163.8 160.1 160.4 160.6
124.9 123.7 124.9 124.4 123.1 126.5
133.2 135.3 136.5 136.2 136.3 137.2
116.7 115.9 117.4 116.9 116.5 118.3
116.1 116.8 118.1 117.1 114.8 114.3
117.0 115.6 117.2 116.9 117.2 120.1
347.8 354.7 363.8 371.8 382.0 394.4
135.2 138.9 134.8 127.1 130.5 129.8
138.3 142.4 136.6 124.6 130.2 128.4
135.1 135.1 140.6 138.9 137.6 143.0

124.3
120.8
103.8

181.7
109.1
105.0
133.3
140.1
126.5
152.6
125.4
113.2
147.7

185.5
108.7
106.2
134.6
150.0
130.6
155.3
120.7
105.6
140.4

123.7
122.5
124.7
108.3
107.1
116.8

5 r ~ Mav"r ^
Mar.
JuosL^MxL
^ML.

3.52
1.88
1.46
.30
.17
.09

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

Nonferrous products
Nonferrous mill products
Aluminum
Nonferrous foundries

i

167.5
121.8
162.4
| 165.3
! 123.7
t 133.4
116.2
117.3
115.7
336.1
141.7
147.8
133.3

169.1
119.6
158.5
163.5
122.3
138.1
115.4
117.6
114.5
344.4
151.2
160.4
133.4

170.2 170.3 177.8 174.6
118.8 120.9 120.8 119.9
166.3 155.7 153.6 112.0
168.1 164.2 169.5 141.1
121.0 122.3 126.1 132.5
135.4 135.2 136.3 133.1
115.2 115.8 118.9 119.9
117.4 116.0 114.9 110.4
114.2 115.7 120.6 124.1
346.6 364.7 396.9 420.1
149.7 133.6 140.7 122.8
158.6 134.5 144.8 120.7
136.2 136.9 141.6 149.9

172.3
106.9
100.1
133.5
135.6
134.4
146.2
126.8
100.0
151.1

175.0
105.6
98.8
133.8
131.8
133.3
155.0
126.0
102.9
146.5

175.5 176.4
106.7 106.6
98.5 101.5
131.6 126.8
120.4 129.6
139.9 138.6
160.5 136.5
120.6 116.4
104.3 107.5
144.1 135.1

183.0
112.2
107.2
136.6
135.7
141.4
157.3
126.0
113.2
149.6

182.7
113.5
110.9
128.5
145.3
131.6
138.9
114.9
102.4
123.7

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

172.5 175.2 176.7 178.1
I 109.7 108.0 109.4 107.6
I 102.5 101.9 104.2 104.7
124.7 132.8 125.3 126.7
130.4 132.5 117.1 129.0
125.6 132.0 127.6 129.4
127.7 155.8 143.8 137.9
121.3 123.7 120.6 120.2
! 105.7 108.3 109.8 109.2
| 139.8 144.3 137.4 138.0

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

i 105.8
122.0
287.1
294.1
125.2
110.3

3714
3716

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

111.5
129.6
110.6
153.5
155.5
165.0
147.1
130.3
113.9

111.9
128.9
111.5
152.4
153.8
163.8
144.7
129.1
102.3

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

112.8
127.6
103.9
148.9
149.3
159.5
139.7
133.1
112.6

111.3
123.1
106.8
132.4
132.0
135.8
130.5
130.0
100.6

117.6
142.1
125.1
170.2
172.9
180.1
162.8
139.3
120.3

117.1
138.9
117.6
159.8
161.2
170.0
148.9
143.1
114.8

118.2
140.2
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

118.4
138.7
113.5
159.3
160.1
167.8
149.3
146.0
110.7

93.8
87.8
73.0
95.5
93.3
88.5
99.6
93.2
102.4

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

3.62
2.30
.38
.94

93.5
94.2
86.4
92.8

94.8
96.0
85.4
93.6

95.5
97.5
85.3
92.6

96.4
98.6
85.9
93.0

97.7
100.2
84.7
94.5

98.9
93.7
102.6 95.0
83.6
84.3
93.3 I 92.4

95.7
97.4
85.5
93.7

96.5
98.4
86.4
93.5

96.9
99.4
85.7
93.1

98.3
101.1
84.4
94.7

97.2
101.0
81.7
91.7

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

37 '
371 j

95.9
99.8 100.8
92.4 100.1 92.9
96.8
123.0 124.4 124.4 128.5 130.5 121.7 123.0
295.0 300.2 304.7 312.6 323.0 287.4 296.8
302.7 308.1 312.8 321.2 331.8 294.6 304.9
128.2 127.7 128.5 125.6 124.7 123.7 125.2
119.0 119.1 121.6 111.0 105.2 103.0 104.7

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



14

85.2
94.9
91.3
84.5
123.9 123.1 126.3 128.5
299.1 302.8 314.3 316.6
307.0 310.8 323.1 325.5
124.8 123.2 126.6 119.1
101.7 98.1 113.6 101.1

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

i—

1996
L ^ _
IP 1 nra97
SIC Proportion
Feb.
4.72
38
104.6
3.77
101.5
381-4
1.45
110.2
384

Item
Instruments
Scientific and medical
Medical instruments

w
A O T —
I Y ^ I I M

TnasnwmHT"—
L__
JMssa§sogj}iMyst§fl

Aor.

Mavf

Junef

1997
Feb.

Mar.

Aor.

104.7 104.4
101.2 101.0
108.8 108.5

105.2
101.7
108.4

105.8 105.3 103.2
102.0 101.5 99.8
109.1 108.7 104.2

103.4
99.7
103.3

103.1
99.4
103.6

103.6
99.6
104.4

107.3
103.7
114.1

106.8
103.5
118.0

Mar.

Julvr

Mav^ Juner

Julvr

Misc. manufactures
Consumer goods
Business supplies

39
391,3,4,6
395,9

1.29
.62
.67

117.1 116.3
108.6 108.1
125.6 124.4

116.9
109.3
124.5

117.0
109.2
124.8

117.5
108.5
126.5

118.8 114.8
110.7 107.0
126.9 122.6

115.7
108.2
123.3

116.0
108.9
123.1

116.3
108.3
124.3

117.8
107.9
127.8

113.6
102.9
124.3

Electric utilities
Generation
Fossil fuel
Hydro and nuclear

491,3pt

6.26
2.42
.91
1.51

110.9
111.1
104.7
116.2

11.0.3
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

112.6
112.5

111.5
114.7
103.7
122.7

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

127.2
124.5

3.84
1.64
2.21
1.32
.89

110.8
110.2
111.4
114.8
107.0

109.6 114.2
107.9 115.4
111.0 113.4
114.8 117.8
105.8 107.4

111.6 111.1
111.6 109.4
111.7 112.3
115.4 116.2
106.7 107.2

112.8

109.5
115.6
112.4 105.2
108.1
101.1

105.3
104.1
106.1
108.2
103.2

100.4
93.1
105.7
106.5
104.6

101.0
90.6
108.4
109.2
107.3

112.9 129.0
107.0
117.1 123.0
121.7
110.8

1.81
.80
.35
.48

107.6
101.6
109.1
110.1

108.7 113.2
102.6 109.3
113.2 118.0
108.9 112.2

119.0
116.5
126.4
115.3

112.7 171.6
196.3
185.9
142.5

155.2
170.8
170.9
132.2

112.6
111.4
118.7
110.5

86.6
73.7
87.4
97.4

Sales
Residential
Nonresidential
Commercial and other
Industrial
492,3pt

Gas utilities
Residential
Commercial and other
Gas transmission

115.6

65.6

63.0

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
1992

Item

1996

I

Q1

Q2

Q3

Q4

Q2r

Q1

mi
Mar.

Apr.

Ma/

Juner

Julyr

2001.9 2261.9 2221.1 2259.7 2274.1 2291.8 2315.2 2334.3 2327.5 2324.7 2337.5 2340.7 2340.5 2367.3

Products, total

1552.1 1766.0 1733.5 1765.9 1776.0 1787.9 1808.9 1825.9 1819.6 1816.4 1827.8 1833.6 1835.7 1862.2

Final products

1049.6 1166.0 1152.7 1167.4 1166.7 1176.4 1179.6 1184.5 1184.7 1179.4 1187.3
238.3 302.7 291.2 307.1 309.3 303.1 310.2 305.9 314.1 301.4 306.0
154.8
157.5
123.8 157.6 149.9 160.5 163.2 157.0 164.1 157.4 164.8
114.4 145.1 141.4 146.6 146.1 146.1 146.1 148.5 149.3 146.6 148.4
811.3 863.9 861.7 861.4 858.5 873.3 870.2 878.7 871.8 877.8 881.4

Consumer goods
Durable
Automotive products
Other durable goods
Nondurable
Equipment, total
Business and defense
Business
Defense and space
Intermedlateproducts
Construction supplies
Business supplies
Commercial energy products

1186.7 1186.0 1199.0
310.3 304.4 315.0
160.0 152.2
163.6
150.3 152.2 151.4
877.0 881.3 884.8

502.5
483.9
399.2
84.7

599.2
573.9
509.1
64.9

580.2
555.9
491.5
64.4

597.7
571.3
505.9
65.4

608.6
583.0
517.7
65.4

610.7
585.7
521.4
64.4

628.6
600.8
537.6
63.3

640.9
610.7
547.2
63.6

634.2
604.7
541.3
63.5

636.4
606.5
543.4
63.3

639.9
609.9
546.5
63.6

646.3
615.6
551.8
64.0

649.2
620.0
557.3
62.9

662.8
634.1
570.9
63.4

449.9
177.2
272.7
70.4

496.4
206.0
290.2
80.3

488.1
199.5
288.4
79.6

494.4
205.3
288.9
80.5

498.7
209.6
288.9
79.3

504.3
209.3
294.7
81.6

507.0
211.1
295.6
80.5

509.2
212.7
296.3
82.7

508.7
215.2
293.3
80.1

508.9
212.0
296.7
82.8

510.5
213.2
297.1
83.0

508.2
212.8
295.2
82.2

506.1
210.0
295.9
81.6

507.0
210.9
295.8
81.1

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

AUQ.

Sept.

Oct.

Nov.

Dec.

55.3
34.5
45.5

47.7
65.5
61.4

50.0
54.2
54.7

43.2
52.7
51.9

47.7
58.0
50.6

50.4
64.8
51.5

52.7
51.5
50.8

58.7
53.4

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
52.5

48.5
56.4
53.4

52.7
61.0

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
55.7

44.3
63.6
61.9

46.2
60.6

51.1
61.0

47.3
60.2

50.8
60.2

53.0
58.0

the percentage that were unchanged.



AugP

15

Table 9
ELECTRIC POWER USE: MANUFACTURING AND MINING
l
1992
Billion
Feb.
Item
1987 SIC KWH
I 934.1 I 106.8
Total
MAJOR INDUSTRY GROUPS
Manufacturing
854.0 107.0
365.8 105.9
Durable
488.3 107.8
Nondurable
80.1 104.4
Mining
INDUSTRY GROUPS and SERIES
18.6 117.4
Metal mining
10
7.3 129.7
Iron ore
101
115.7
102
6.6
Copper ore

rm?

index. 1992 = 100
I

Seasonally adjusted
r

rmr

Not seasonally adjusted

Mar.
105.3

Apr.
107.1

Mayr
106.4

June
106.4

JulvP
Feb.
106.2 I 103.6

Mar.
104.0

Apr.
105.8

May*
106.2

Juner
108.3

JulvP
107.3

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
106.5
106.7
102.6

106.4
107.4
105.7
102.3

103.6
103.6
103.6
103.8

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
108.5
108.9
102.0

107.9
107.7
107.9
99.0

119.7
131.3
119.0

111.7
117.4
113.9

112.9
116.4
117.1

111.3
114.1
114.1

112.7
115.8
117.2

113.3
121.2
114.2

115.8
125.7
113.8

111.8
118.7
112.6

113.8
118.6
115.9

110.2
110.8
114.7

112.1
115.6
117.0

12

12.7

95.2

91.8

98.5

97.0

99.3

99.4

108.6

100.4

101.4

94.8

93.8

82.0

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

13
131
132

36.0
31.0
3.6

96.2
97.8
75.0

93.2
93.3
86.5

94.8
94.4
92.1

92.2
92.0
89.3

94.1
93.9
89.0

93.1
93.2
88.1

93.5
95.2
71.5

92.1
92.5
83.6

94.2
94.1
90.6

92.0
92.1
89.0

95.6
95.2
92.1

93.9
93.3
91.0

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

115.2
146.8
101.9
111.4

110.3
144.9
108.1
101.2

110.8
148.0
106.6
99.7

110.1
146.2
105.9
98.4

113.1
146.0
110.9
103.3

111.7
148.6
111.7
98.3

107.3
118.9
86.5
111.2

104.6
119.7
94.3
102.6

111.4
144.1
104.6
102.2

113.7
156.6
111.6
99.7

115.4
155.9
115.9
102.6

112.7
156.2
117.1
96.9

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

20
201
202
203
204
205
206
207
208
209

58.8
10.3
6.8
8.1
11.4
3.5
4.0
3.9
6.1
4.7

115.4
123.3
109.0
115.4
122.3
111.5
117.9
111.8
100.9
116.9

113.8
121.7
105.3
114.7
121.8
108.7
115.7
111.6
100.1
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

115.5 107.5
124.9 113.2
99.4
104.3
115.6 102.4
123.0 120.0
111.9 101.3
116.5 122.6
113.8 114.9
99.5 ! 89.1
121.1 107.4

106.4
113.0
98.6
103.8
118.8
100.3
107.3
111.7
91.1
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
115.5
118.0
121.5
121.7
109.4
104.7
111.4
131.2

21

1.5

92.0

93.5

95.7

96.1

97.2

92.2

90.6

92.1

91.3

98.8

107.9

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

110.8
103.7
107.0
124.4
114.2
120.4

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
109.3
123.8
104.7
120.3

107.7 ! 104.4
99.8
97.8
114.1 100.4
125.2 122.6
102.7 107.0
124.8 113.5

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
130.3
114.4
128.1

108.2
100.7
119.1
118.1
102.8
124.1

Apparel products
Mens outerwear
Womenfe outerwear

23
231,2
233

8.2
2.0
2.5

99.1
93.5
91.3

99.9
91.1
96.0

101.6
92.8
97.4

101.0
92.5
91.0

98.8
92.5
87.7

92.4
84.3
84.4

92.1
81.7
87.1

93.5
84.7
89.0

98.5
90.9
89.0

106.7
102.8
95.8

111.0
104.1
10011

Lumber and products
Lumber
Millwork and plywood

24
242
243

19.8
7.7
5.6

119.4
112.3
133.4

119.5
111.3
130.9

123.3
114.3
134.9

122.5
112.6
137.1

124.4
114.2
139.0

126.3 122.7
116.7 I 117.6
143.4 136.1

121.1
113.7
132.4

124.6
116.3
136.7

121.3
112.8
134.9

123.6
112.4
139.0

121.8
110.2
138.1

Furniture and fixtures
Household furniture

25
251

115.1
6.0
3.2 | 113.4

113.4
109.3

117.5
114.4

118.4
116.5

119.6
118.1

119.2
116.5

116.1
116.6

112.6
110.8

115.2
113.8

115.0
113.1

120.1
117.4

117.0
109.5

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

26
261
262
263
265
267

113.3
8.8
62.3
28.3
5.1
8.9

100.7
87.8
101.4
100.2
106.0
100.8

99.8
93.8
100.4
97.7
102.9
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

101.5
93.2
103.5
95.1
104.1
100.1

100.8
100.5
101.4
95.4
106.5
98.7

99.0
87.2
100.0
99.7
102.2
97.5

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

102.3
92.4
103.9
97.1
105.4
102.2

101.6
98.5
101.9
97.6
108.1
100.6

Printing and publishing
Newspapers
Commercial printing

27
271
275

17.3
3.6
9.2

112.4
104.7
113.4

110.5
102.3
110.8

112.4
101.3
113.5

111.8
101.1
112.7

109.4
103.3
108.5

112.3
108.1
110.4

102.8
96.7
103.3

102.2
94.6
102.8

104.8
94.8
105.6

106.4
98.6
106.7

113.5
108.1
112.5

123.0
118.0
121.5

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

171.7
78.9
14.9
38.3
14.0
24.3

105.2
100.3
78.0
101.4
100.2
102.0

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

104.3
98.7
80.5
95.0
103.9
90.6

100.8
92.0
80.0
82.9
102.0
73.5

101.7
96.8
75.3
96.3
97.7
95.6

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

105.2
99.0
80.3
95.7
101.7
92.7

102.5
92.3
79.6
81.9
102.8
71.6

Coal mining

Fats and oils
Beverages
Coffee and miscellaneous
Tobacco products




I

16

104.0

101.2
92.5
90.4

Table 9 (continued)
ELECTRIC POWER USE: MANUFACTURING AND MINING
I
1992
Biilion

^
Seasonallvadiusted

index. 1992 = 100
|

Not seasonally adjusted

rim
Feb.

Mar.

Aor.

May*"

June r

prcsT
JulvP
Feb.

9.7

109.2
117.9
123.6
100.5
109.0
118.3

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

106.8
116.1
123.9
104.6
113.7
116.9

108.0
120.4
124.7
105.1
117.6
116.6

106.1
114.9
114.6
97.4
106.6
116.5

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

108.8
118.7
131.4
106.9
112.6
116.6

110.5
122.6
138.1
111.3
117.3
116.4

29

47.0

108.1

110.9

114.5

112.2

106.1

105.9

102.3

106.1

112.6

109.5

108.2

108.3

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

30
301
306
308

38.0

28.9

124.5
101.7
110.9
131.3

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

125.8
104.3
108.6
132.9

123.0
100.1
110.9
129.6

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

126.8
106.3
109.7
133.7

Leather and products
Shoes

31
314

1.0
.3

90.2
91.8

89.1
87.8

93.3
88.1

92.3
90.9

91.9
91.0

94.0
89.8

89.0
88.8

86.8
83.7

90.8
84.0

90.5
89.1

95.9
95.7

94.6
91.6

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

32
321
322
324
325
327

33.8

111.1
108.2
100.3
115.8
117.9
106.7

108.7
104.7
101.0
108.2
115.6
108.0

112.7
107.8
104.4
113.3
119.5
109.4

110.1
104,0
101.7
110.8
113.2
108.9

111.0
111.2
99.7
111.2
112.0
108.8

111.9
110.7
105.7
110.5
112.5
110.5

103.9
104.4
99.1
95.1
113.2
101.8

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
101.2
117.3
115.0
110.4

112.8
112.4
105.4
115.0
114.1
110.3

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

33
331
332
333
3334
336

150.9
57.0

97.8
110.8
9.9 115.8
66.2 | 80.8
69.1
60.3
2.7 119.6

96.4
109.6
113.9
79.7
65.4
115.7

97.3
111.6
117.0
78.8
65.7
118.9

97.0
113.6
113.6
76.7
63.6
117.1

98.2
113.9
115.3
78.5
64.7
118.2

98.3
96.0
113.8
111.1
118.1
112.3
76.2
79.0
64.8
63.5
117.5 i 121.0

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
117.4

95.7
108.1
107.0
80.1
66.6
112.1

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

34
341
342
344
345
346

31.4

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

113.9
111.6
108.6
121.4
117.7
127.0

114.6
114.4
109.1
123.0
115.9
127.6

112.0
109.7
109.1
118.1
115.3
125.9

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

115.8
114.9
111.7
120.5
119.6
130.5

115.7
119.2
112.1
123.1
117.8
123.5

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 I
353 I
354
355
356
357
358

33.2

107.0
94.3
112.9
118.3
113.1
116.2
108.4
87.0
3.5 | 113.8

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
120.9
111.5
112.5
118.3
106.3
86.5
113.3

110.6
105.6
93.4 | 94.3
121.7
130.8
115.0
112.0
117.5 j 112.1
118.5
115.0
109.7
107.2
84.2
90.0
118.6
109.5

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
121.0
114.3
115.3
121.1
109.5
90.0
118.8

115.0
90.8
122.3
119.9
123.2
125.2
113.4
96.0
123.2

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

36
361
362
363
364
365
366
367

33.0

117.1
86.4
84.6
101.7
112.8
135.3
118.4
134.7

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

118.3
87.9
82.7
101.2
110.1
132.3
115.3
138.9

120.1
88.7
81.9
99.6
112.0
137.4
115.7
142.9

112.8
84.4
82.3
98.5
111.9
131.0
110.7
128.6

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

122.3
89.6
85.4
106.6
115.5
134.1
120.2
143.4

125.4
92.6
85.4
104.1
114.4
139.7
125.2
149.7

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

37
371
372
373

39.6
22.8
10.7

107.1
120.3
83.7
86.6

104.9
117.2
82.6
85.0

107.9
121.0
85.3
81.7

107.1
119.8
85.1
87.8

106.5
118.1
86.2
85.9

106.6
104.5
116.8
116.6
88.9 I 81.7
80.4
88.9

104.1
116.7
80.7
86.1

104.9
117.3
82.7
81.9

106.1
118.7
84.2
84.9

111.5
124.4
90.0
86.2

108.2
117.1
92.2
82.1

Instruments
Photographic equip. & supplies

386

1.8

101.9
95.8

99.4
90.9

103.1
98.2

102.0
94.1

100.5
91.6

100.8
94.9

97.2
93.7

96.2
92.4

97.5
91.2

98.3
91.5

104.3
93.0

108.2
98.3

4.5J

130.6

126.2

131.4

129.5

129.6

133.3 j 127.3

123.2

126.3

127.4

133.7

139.0

107.0
107.5
99.3

105.7
105.6
99.1

107.7
107.4
102.2

107.1
106.4
103.2

107.1
107.0
101.3

107.6
106.9
100.7

104.0
104.2
95.3

104.1
104.3
100.6

106.1
106.1
100.2

106.5
106.7
99.7

109.0
109.0
97.8

108.9
107.7
100.9

-item

1 ^ 7 sic

KWH

Chemicals and Products (cont.)
Synthetic materials
282
2821
Plastics materials
283
Drugs and medicines
284
Soap and toiletries
286
Industrial organ c chemicals
287
Agricultural chemicals
Petroleum products

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




29.2
18.3

6.7
3.0
39.2

4.3
3.2

1.5
7.3
9.6
1.4
4.7

I

111.0

111.0
2.9
2.7 | 109.7
5.4 I 114.7
1.7 114.9
6.7 123.9

2.6
2.0
3.8
4.1
2.4
5.2
5.1

1.3
4.0
2.4
3.0
.8
3.3
14.5

2.2

38 I
39 j

13.7

j 909.8
835.3
98.8

17

Mar.

Aor.

Ma^

June1"

JulvP

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.frbied.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 me first and second estimates for a given
month, the available source data are limited and subject to revision.
Weights. In the index, scries that measure the output of an individual industry are
weighted according to their proportion in the total value-added output of all
industries. The industrial production index, which extends back to 1919, is built as an
annually weighted chain-type index since 1977. The components of IP are combined
using estimates of value added per unit of output. For months from January to June,
the weights are drawn from the year containing the month being estimated and the
preceding year; for months from July to December, the weights are drawn from the
current and following year. The IP proportions shown in column 1 of tables 1 A, 2A,
and 6 are estimates of the industries* relative contributions to overall growth in the
following year. For example, a 1 percent increase in durable goods manufacturing in
1997 would account for an increase in total IP of nearly 1/2 percent.

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

Utilization

Definition. Capacity utilization is calculated for the manufacturing, mining, and
electric and gas utilities industries. For a given industry, the utilization rate is equal to
an output index divided by a capacity index. Output is measured by seasonally
adjusted indexes of industrial production. The capacity indexes attempt to capture
the concept of sustainable practical capacity, which is defined as the greatest level of
output that a plant can maintain within the framework of a realistic work schedule,
taking account of normal downtime, and assuming sufficient availability of inputs to
operate the machinery and equipment in place. The 76 individual capacity indexes
are based on a variety of data, including capacity data measured in physical units
compiled by trade associations, surveys of utilization rates and investment, and
estimates of growth of the capital input.
Groups. Estimates of capacity and utilization are available for a variety of groups,
including primary and advanced processing industries within manufacturing,
durable and nondurable manufacturing, total manufacturing, mining, utilities, and
total industry. Component industries of the primary and advanced processing groups
within manufacturing are listed in the note on tables 2 and 3 of the release.
Weights. Although each utilization rate is the result of dividing an IP series by a
corresponding capacity index, aggregate utilization rates are equivalent to
combinations of individual utilization rates aggregated with proportions that reflect
current capacity levels of output valued in current-period value added per unit of
actual output The implied proportions of individual industry operating rates in the
rate for total industry for the most recent year are shown in the first column of table 3.
Perspective. The historical highs and lows in capacity utilization shown in the tables
above are specific to each series and did not all occur in the same month. Industrial
plants usually operate at capacity utilization rates that are well below 100 percent:
none of the broad aggregates has ever reached 100 percent. For total industry and
total manufacturing, utilization rates have exceeded 90 percent only in wartime.
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
nbndefense," 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 me 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 die 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—11 ARIMA. For the data since 1977, all seasonally adjusted
aggregate indexes are calculated by aggregating the seasonally adjusted indexes of
the individual series.

Release Schedule for 1997

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

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




18