FEDERAL RESERVE STATISTICAL RELEASE
G.17 (419) For release at 9:15 a.m. (EST)
November 16, 1998
INDUSTRIAL PRODUCTION AND CAPACITY UTILIZATION
Industrial production edged down 0.1 percent in October, held
down by a 3.4 percent drop in the output of utilities. Utility
output, which had been at elevated levels over the summer, fell back
as temperatures returned to more normal levels. Manufacturing output
bounced back 0.3 percent, regaining only some of the 0.6 percent loss
in September. At 128.3 of its 1992 average, industrial production in
October was 1.4 percent higher than it was in October 1997. Capacity
utilization fell 0.4 percentage point, to 80.6 percent, 1-1/2
percentage points below its 1967-97 average.
Market Groups
-------------
The output of consumer goods edged down 0.1 percent in
October after having dropped a downward-revised 0.8 percent in
September. The production of durable consumer goods in October was
buoyed by a 2.9 percent increase in automotive products as well as an
increase in appliances that recovered a bit of September's 7 percent
loss. The output of nondurable goods (excluding energy for consumers)
was unchanged in October; consumer energy products fell 3.7 percent, a
drop that reflected lower residential demand for electricity.
The production of business equipment edged up in October, with
another drop in the output of industrial equipment offset by increases
in information processing equipment and motor vehicles. The
production of farm equipment fell again and is down almost 6 percent
from a year ago. Commercial aircraft production, which had been
nearly flat at a high level during the first part of the year, rose
again last month.
The output of construction supplies increased 0.4 percent,
regaining some of its September loss. Production in this category had
climbed rapidly between December of last year and August, buoyed by
the strength in homebuilding activity. The production of materials
has been nearly flat over the past two months. The production of
basic metals fell again after having dropped nearly 3 percent in
September; iron and steel production has tumbled more than 8 percent
over the past two months. In contrast, production of semiconductors
and other electronic components picked up noticeably in October;
semiconductor output had decelerated earlier this year, and October's
increase is the largest since January.
Industry Groups
---------------
Manufacturing output increased 0.3 percent in October
after having dropped 0.6 percent in September. An increase in motor
vehicle assemblies from 12.7 million units (annual rate) in September
to 13 million units (annual rate) in October accounted for part of the
gain. But increases were fairly widespread within other durable goods
industries, especially furniture, fabricated metal products,
computers, and semiconductors. A notable exception was the iron and
steel industry in which output fell again in October after having
contracted sharply in September. The recent weakness in nondurables--
production has fallen almost 1-1/2 percent in the past three months--
has been widespread, including the apparel, chemical, paper, and
petroleum industries. In October, mining production declined for the
third straight month, pulled down by decreased oil and gas drilling
and extraction resulting from weak crude oil prices.
The factory operating rate fell 0.1 percentage point in
October, to 79.4 percent--more than 2-1/2 percentage points below the
level it had reached in January. Utilization rates for both primary-
and advanced-processing industries have fallen this year. Industries
that have experienced especially large declines include primary
metals, petroleum products, and mining.
Revision of Industrial Production and Capacity Utilization
On November 24, the Federal Reserve will publish revisions to
its measures of industrial production (IP), capacity, capacity
utilization, and industrial use of electric power. The revisions will
begin with 1992 and will incorporate updated source data for more
recent years.
This regular updating of source data for IP will include
annual data from the Bureau of the Census's 1996 Annual Survey of
Manufactures and from selected editions of its 1997 Current Industrial
Reports. Annual data from the Department of the Interior on metallic
and nonmetallic minerals (except fuels) for 1996 and 1997 will also be
introduced. The updating will also include revisions to the monthly
indicators for each industry (physical product data, production-worker
hours, or electric power usage) and revised seasonal factors. In
addition, the revision will introduce improved measures of production
for semiconductors, coal, lawn and garden equipment, and aircraft.
Capacity and capacity utilization will be revised to
incorporate preliminary data from the Census Bureau's 1997 Survey of
Plant Capacity. The statistics on the industrial use of electric
power will incorporate more complete reports received from utilities
for the past few years as well as data from the 1996 Annual Survey of
Manufactures.
Once the revision is published, the revised data will be
available on the the Board's web site,
https://www.federalreserve.gov/releases/g17, and on diskettes from
Publications Services (telephone 202-452-3245). The revised data will
also be available through the Economic Bulletin Board of the
Department of Commerce; for information about the Bulletin Board, call
202-482-1986. Further information on these revisions is available
from the Board's Industrial Output Section (telephone 202-452-3197).
INDUSTRIAL PRODUCTION AND CAPACITY UTILIZATION: SUMMARY
Seasonally adjusted
| Index, 1992=100 | Percent change
| 1998 | 1998 | Oct. 97 to
Industrial Production | July Aug. Sept. Oct. | July Aug. Sept. Oct. | Oct. 98
------------------------------------------------------------------------------------------------------------------------
| | |
Total index | 127.2 129.1 128.4 128.3 | -.2 1.5 -.5 -.1 | 1.4
Previous estimates | 127.0 129.0 128.7 | -.4 1.6 -.3 |
| | |
Major market groups: | | |
Products, total | 120.7 122.7 121.8 121.6 | -.4 1.7 -.8 -.2 | 1.2
Consumer goods | 114.4 116.3 115.4 115.2 | -.8 1.7 -.8 -.1 | -.6
Business equipment | 149.3 154.5 153.3 153.6 | -.9 3.5 -.8 .2 | 5.5
Construction supplies | 128.0 129.1 127.5 128.0 | 1.2 .9 -1.2 .4 | 5.6
Materials | 137.6 139.2 139.1 139.0 | .0 1.2 -.1 .0 | 1.7
| | |
Major industry groups: | | |
Manufacturing | 129.6 131.8 131.0 131.4 | -.3 1.7 -.6 .3 | 1.8
Durable | 146.4 152.3 150.9 151.8 | -.8 4.0 -.9 .6 | 4.3
Nondurable | 112.3 111.3 110.9 110.9 | .3 -.9 -.3 -.1 | -1.2
Mining | 106.3 105.9 104.8 103.6 | .2 -.4 -1.0 -1.1 | -2.1
Utilities | 118.5 118.9 120.7 116.6 | -.1 .4 1.5 -3.4 | -.2
------------------------------------------------------------------------------------------------------------------------
| | Capacity
| Percent of Capacity | Growth
| Average 1982 1988-89 1997 | 1998 | Oct. 97 to
Capacity Utilization | 1967-97 Low High Oct. | July Aug. Sept. Oct. | Oct. 98
------------------------------------------------------------------------------------------------------------------------
| | |
Total industry | 82.1 71.1 85.4 83.0 | 80.7 81.7 81.0 80.6 | 4.4
Previous estimates | | 80.6 81.6 81.1 |
| | |
Manufacturing | 81.1 69.0 85.7 81.9 | 79.2 80.3 79.5 79.4 | 5.0
Advanced processing | 80.5 70.4 84.2 80.2 | 77.0 78.7 77.9 77.9 | 5.8
Primary processing | 82.4 66.2 88.9 85.7 | 84.3 83.9 83.0 82.8 | 3.1
Mining | 87.5 80.3 88.0 89.6 | 89.5 89.0 88.0 86.9 | .9
Utilities | 87.3 75.9 92.6 92.0 | 92.6 92.9 94.2 90.9 | 1.0
------------------------------------------------------------------------------------------------------------------------
Note: Estimates for October are preliminary. Estimates from July to September are revised.
Table 1A
INDUSTRIAL PRODUCTION: MARKET GROUPS
| | Index, 1992=100
| 1997 | Seasonally adjusted | Not seasonally adjusted
| IP | 1998 | 1998
Item |Proportion<1>| May June July Aug. Sept. Oct. | May June July Aug. Sept. Oct.
--------------------------------------------------------------------------------------------------------------------------------------------------------
| | |
Total index | 100.00 | 128.8 127.5 127.2 129.1 128.4 128.3 | 127.2 129.4 126.1 132.5 131.3 129.9
| | |
Products, total | 59.88 | 122.2 121.2 120.7 122.7 121.8 121.6 | 119.8 123.4 120.7 127.2 126.3 124.1
Final products | 45.07 | 123.3 122.3 121.3 123.9 122.8 122.7 | 121.0 124.1 120.0 127.8 126.9 124.9
| | |
Consumer goods | 28.08 | 116.7 115.3 114.4 116.3 115.4 115.2 | 113.3 116.8 113.7 121.0 119.7 117.1
Durable | 5.82 | 138.0 130.4 123.9 139.7 137.0 139.0 | 139.9 132.8 112.0 139.8 141.1 147.2
Automotive products | 2.56 | 136.7 122.1 107.0 142.2 136.8 140.8 | 142.8 124.5 88.6 141.8 143.6 153.3
Autos and trucks | 1.57 | 142.4 117.6 92.5 151.1 143.8 149.9 | 154.0 120.4 61.2 149.9 153.1 168.7
Autos | .64 | 109.3 94.6 76.5 125.6 129.6 121.1 | 119.0 95.5 53.2 125.8 129.7 134.4
Trucks | .93 | 179.4 144.1 111.6 181.5 163.5 183.3 | 190.0 146.1 70.1 175.7 178.4 204.3
Auto parts and allied goods | .99 | 127.5 127.1 125.6 129.0 126.4 127.4 | 125.5 128.7 124.1 129.7 129.5 131.4
Other durable goods | 3.26 | 139.0 137.1 137.7 137.4 136.9 137.2 | 137.6 139.4 131.1 137.8 138.7 141.9
Appliances and electronics | .85 | 192.5 188.6 198.9 199.3 193.1 195.8 | 192.3 197.5 188.4 194.8 196.1 204.2
Appliances and air cond. | .47 | 137.1 129.9 138.6 138.9 129.3 130.9 | 139.1 136.1 120.0 127.9 126.6 137.3
Home electronics | .38 | 276.3 281.0 291.4 291.8 298.6 303.1 | 271.5 294.3 310.9 309.8 318.5 314.9
Carpeting and furniture | .82 | 122.3 119.3 118.5 119.1 119.7 121.1 | 116.9 121.2 115.2 124.2 125.3 125.9
Miscellaneous | 1.60 | 120.6 120.2 118.4 117.4 118.1 117.2 | 120.8 119.9 111.3 116.4 117.1 119.7
Nondurable | 22.26 | 111.5 111.5 111.8 110.8 110.2 109.6 | 107.0 112.8 113.5 116.4 114.6 110.1
Nonenergy | 18.98 | 111.5 110.5 110.8 109.5 108.8 108.9 | 109.1 114.4 113.3 117.0 116.0 112.6
Foods and tobacco | 9.74 | 112.0 110.1 110.5 109.6 108.6 109.1 | 109.3 114.6 111.0 118.0 116.7 114.7
Clothing | 1.81 | 93.3 93.6 93.3 91.9 91.4 89.5 | 94.6 98.5 93.3 96.5 94.1 92.2
Chemical products | 4.53 | 123.3 123.6 122.9 119.8 119.6 119.5 | 118.4 128.7 133.5 131.5 132.4 122.6
Paper products | 2.90 | 105.8 105.3 107.1 106.7 106.4 106.7 | 105.4 104.7 106.0 107.4 106.0 105.2
Energy products | 3.28 | 111.6 117.4 117.8 118.5 118.2 113.9 | 94.7 103.5 114.9 113.2 106.2 95.7
Fuels | 1.07 | 111.0 111.9 113.3 112.6 109.8 105.7 | 112.3 113.9 114.4 113.2 111.5 105.2
Utilities | 2.21 | 111.5 119.7 119.6 120.9 121.9 117.4 | 85.5 97.9 114.6 112.7 103.0 90.6
| | |
Equipment, total | 17.00 | 135.2 134.7 133.6 137.3 136.0 136.1 | 134.9 137.3 131.1 140.0 139.7 138.8
Business equipment | 13.91 | 150.4 150.7 149.3 154.5 153.3 153.6 | 150.3 154.0 146.4 158.0 158.2 156.8
Information processing & related | 5.28 | 184.2 184.9 185.5 187.2 188.3 189.3 | 180.6 189.5 191.7 194.1 194.7 191.0
Computer and office | .96 | 532.4 546.4 558.1 574.0 592.6 609.0 | 518.1 574.3 609.8 600.9 618.5 611.4
Industrial | 4.51 | 136.3 140.2 141.1 141.0 136.9 136.5 | 135.7 143.3 138.5 143.6 142.0 138.3
Transit | 2.68 | 120.5 114.4 105.6 129.1 125.9 126.8 | 125.7 116.5 94.8 129.4 128.1 132.8
Autos and trucks | 1.32 | 120.1 107.1 85.9 133.2 127.2 125.5 | 130.9 109.0 64.5 135.3 131.2 138.9
Other | 1.44 | 134.7 136.3 140.1 128.6 134.9 134.2 | 134.1 138.6 129.8 131.7 139.7 138.7
Defense and space equipment | 2.02 | 75.4 75.0 74.9 75.6 74.4 75.1 | 74.5 74.6 73.5 74.7 74.0 75.1
Oil and gas well drilling | .86 | 148.1 137.5 132.1 128.1 124.2 118.2 | 146.4 137.8 134.9 129.9 126.3 120.5
Manufactured homes | .21 | 148.6 142.9 153.2 144.3 145.0 146.0 | 153.0 155.1 137.7 158.4 154.2 162.9
| | |
Intermediate products | 14.80 | 118.6 117.9 118.9 119.3 118.8 118.3 | 116.0 120.9 122.5 125.2 124.2 121.8
Construction supplies | 5.74 | 126.7 126.5 128.0 129.1 127.5 128.0 | 127.5 133.5 131.2 135.1 134.6 134.6
Business supplies | 9.07 | 113.7 112.9 113.5 113.6 113.6 112.5 | 109.2 113.5 117.3 119.4 118.0 114.4
| | |
Materials | 40.12 | 139.6 137.5 137.6 139.2 139.1 139.0 | 139.2 139.2 134.7 140.8 139.2 139.2
| | |
Durable | 22.62 | 167.7 164.1 163.6 168.2 167.6 168.8 | 168.2 166.4 157.5 170.0 169.1 170.7
Consumer parts | 4.25 | 143.2 129.2 126.8 145.1 143.4 145.2 | 148.6 132.6 107.5 149.1 145.2 151.0
Equipment parts | 8.29 | 250.3 249.3 250.2 252.6 253.1 255.3 | 248.4 250.9 246.4 251.3 251.1 254.2
Other | 10.08 | 127.5 126.8 126.5 126.5 125.9 126.3 | 127.4 129.0 125.3 128.8 128.9 128.1
Basic metals | 3.30 | 121.4 119.2 119.1 121.4 118.0 117.3 | 121.9 119.6 115.5 119.1 118.9 117.6
Nondurable | 8.88 | 113.2 113.0 113.6 112.3 111.9 111.7 | 113.5 114.5 111.9 112.8 112.2 113.4
Textile | .91 | 107.6 106.9 107.2 107.0 106.8 107.0 | 111.8 108.7 100.6 109.8 106.1 109.6
Paper | 1.85 | 111.1 112.0 114.1 111.8 110.6 109.6 | 110.3 113.2 113.1 112.7 110.1 109.2
Chemical | 4.28 | 116.2 115.7 115.7 114.3 113.9 114.1 | 117.0 116.8 114.7 113.8 114.4 114.0
Other | 1.84 | 111.6 111.0 111.9 111.0 111.5 111.1 | 109.5 113.7 109.9 112.1 112.5 118.4
Energy | 8.62 | 107.2 106.2 106.5 106.0 106.9 105.1 | 104.4 106.6 107.7 108.1 104.6 100.6
Primary | 5.59 | 104.4 103.2 104.4 103.2 103.7 102.0 | 103.2 104.0 103.7 103.3 101.5 98.0
Converted fuel | 3.03 | 112.6 111.9 110.5 111.2 113.0 111.0 | 106.9 111.5 115.5 117.5 110.5 105.8
| | |
SPECIAL AGGREGATES | | |
| | |
Total excluding: | | |
Autos and trucks | 97.11 | 128.8 127.9 128.3 128.7 128.2 128.0 | 126.7 129.9 127.9 132.2 131.0 129.2
Motor vehicles and parts | 94.84 | 128.3 127.8 128.3 128.0 127.5 127.3 | 126.0 129.8 128.5 131.4 130.4 128.4
Computers | 98.52 | 125.6 124.1 123.8 125.6 124.9 124.7 | 123.9 125.9 122.5 128.8 127.6 126.2
Computers and semiconductors | 95.15 | 118.5 117.1 116.7 118.4 117.7 117.4 | 116.9 118.8 115.5 121.6 120.4 119.0
| | |
Consumer goods excluding: | | |
Autos and trucks | 26.51 | 115.3 115.0 115.3 114.5 113.9 113.4 | 111.1 116.5 116.1 119.5 118.0 114.5
Energy | 24.80 | 117.3 115.0 113.9 116.0 115.0 115.4 | 115.8 118.6 113.5 122.0 121.5 120.0
| | |
Business equipment excluding: | | |
Autos and trucks | 12.59 | 154.1 156.0 157.3 156.9 156.3 156.8 | 152.5 159.5 156.9 160.5 161.2 158.7
Computer and office equipment | 12.96 | 133.8 133.7 132.2 136.9 135.4 135.4 | 133.8 136.0 128.2 139.4 139.2 138.1
| | |
Materials excluding: | | |
Energy | 31.50 | 150.0 147.5 147.4 149.9 149.4 150.1 | 150.4 149.6 142.9 151.2 150.5 152.0
--------------------------------------------------------------------------------------------------------------------------------------------------------
<1> The IP proportion data are estimates of the industries' relative contributions to overall IP growth in the following year.
Note: Estimates for October are preliminary. Estimates from July to September are revised.
Table 1B
INDUSTRIAL PRODUCTION: MARKET GROUPS
Percent change
| | Seasonally adjusted | | |
| 1996 Q4 | annual rate | Seasonally adjusted | Not seasonally adjusted | Oct. 97
| to | 1997 1998 | 1998 | 1998 | to
Item | 1997 Q4 | Q4 Q1 Q2 Q3 | July Aug. Sept. Oct. | July Aug. Sept. Oct. | Oct. 98
-------------------------------------------------------------------------------------------------------------------------------------------------------------
| | | | |
Total index | 5.8 | 7.2 1.2 1.7 -.1 | -.2 1.5 -.5 -.1 | -2.6 5.1 -.9 -1.0 | 1.4
| | | | |
Products, total | 4.7 | 7.0 .9 2.1 .2 | -.4 1.7 -.8 -.2 | -2.2 5.4 -.8 -1.7 | 1.2
Final products | 5.1 | 7.0 .6 2.2 -.9 | -.8 2.1 -.9 -.1 | -3.4 6.6 -.7 -1.6 | 1.0
| | | | |
Consumer goods | 2.8 | 6.6 -.9 .8 -2.6 | -.8 1.7 -.8 -.1 | -2.6 6.4 -1.1 -2.2 | -.6
Durable | 6.0 | 11.1 2.5 -.3 -4.0 | -5.0 12.8 -1.9 1.4 | -15.7 24.8 .9 4.4 | 5.8
Automotive products | 8.7 | 20.9 -7.2 -2.7 -7.2 | -12.3 32.8 -3.7 2.9 | -28.8 60.1 1.3 6.8 | 7.3
Autos and trucks | 11.1 | 35.5 -13.5 -13.4 -12.1 | -21.3 63.3 -4.8 4.2 | -49.1 144.9 2.1 10.1 | 7.3
Autos | 3.7 | -2.3 -21.3 -18.9 27.3 | -19.2 64.3 3.2 -6.6 | -44.3 136.6 3.1 3.6 | 5.1
Trucks | 15.8 | 69.0 -8.3 -10.0 -30.2 | -22.6 62.7 -9.9 12.1 | -52.0 150.6 1.5 14.5 | 8.7
Auto parts and allied goods | 5.0 | .7 4.2 16.5 1.3 | -1.2 2.7 -2.0 .8 | -3.6 4.5 -.1 1.5 | 8.0
Other durable goods | 4.0 | 3.8 10.8 1.5 -1.7 | .5 -.2 -.4 .2 | -5.9 5.1 .7 2.3 | 4.3
Appliances and electronics | 7.7 | 12.0 36.3 5.4 11.9 | 5.5 .2 -3.1 1.4 | -4.6 3.4 .6 4.1 | 15.6
Appliances and air cond. | -.9 | 5.8 29.5 -1.6 7.0 | 6.7 .2 -6.9 1.2 | -11.8 6.6 -1.1 8.4 | 9.3
Home electronics | 19.1 | 19.7 44.4 13.4 17.3 | 3.7 .1 2.3 1.5 | 5.6 -.4 2.8 -1.1 | 23.5
Carpeting and furniture | 2.4 | 5.9 1.5 2.2 -1.4 | -.6 .5 .5 1.1 | -5.0 7.8 .9 .5 | 3.9
Miscellaneous | 2.8 | -1.4 2.9 -1.1 -8.1 | -1.5 -.8 .6 -.8 | -7.2 4.6 .6 2.3 | -1.2
Nondurable | 2.0 | 5.4 -1.8 1.2 -2.2 | .3 -.9 -.5 -.6 | .6 2.6 -1.6 -3.9 | -2.2
Nonenergy | 2.0 | 5.1 1.8 -1.6 -5.6 | .3 -1.2 -.6 .0 | -1.0 3.3 -.8 -3.0 | -2.3
Foods and tobacco | 1.5 | 4.1 7.2 -2.5 -6.1 | .4 -.8 -.9 .4 | -3.1 6.2 -1.1 -1.6 | -.6
Clothing | -1.5 | -1.6 -4.4 -2.3 -7.0 | -.3 -1.5 -.5 -2.1 | -5.2 3.4 -2.4 -2.1 | -7.2
Chemical products | 4.0 | 11.5 1.0 4.5 -9.1 | -.6 -2.5 -.1 -.1 | 3.8 -1.5 .7 -7.4 | -2.8
Paper products | 2.8 | 2.8 -10.1 -7.6 3.0 | 1.7 -.4 -.3 .3 | 1.3 1.3 -1.3 -.8 | -4.1
Energy products | 1.9 | 7.4 -20.4 19.3 19.2 | .3 .6 -.2 -3.7 | 11.0 -1.4 -6.2 -9.9 | -2.0
Fuels | 1.7 | -3.1 4.8 3.4 1.3 | 1.3 -.6 -2.4 -3.8 | .4 -1.0 -1.5 -5.6 | -5.6
Utilities | 1.9 | 12.9 -30.5 28.2 28.8 | -.1 1.1 .8 -3.6 | 17.0 -1.6 -8.6 -12.1 | -.3
| | | | |
Equipment, total | 8.8 | 7.7 3.1 4.5 1.9 | -.9 2.8 -1.0 .1 | -4.5 6.8 -.2 -.6 | 3.7
Business equipment | 10.8 | 10.7 1.1 7.8 5.3 | -.9 3.5 -.8 .2 | -4.9 8.0 .1 -.8 | 5.5
Information processing & related | 12.2 | 9.4 6.3 15.1 6.6 | .3 .9 .6 .5 | 1.2 1.2 .3 -1.9 | 8.6
Computer and office | 34.5 | 26.8 53.1 54.5 36.1 | 2.1 2.8 3.2 2.8 | 6.2 -1.5 2.9 -1.1 | 44.9
Industrial | 5.6 | 6.8 -2.0 6.2 4.8 | .6 -.1 -2.9 -.3 | -3.3 3.7 -1.2 -2.6 | .4
Transit | 17.6 | 25.8 1.5 -1.9 7.9 | -7.7 22.2 -2.5 .7 | -18.7 36.5 -1.0 3.7 | 12.2
Autos and trucks | 8.5 | 21.8 -15.5 -8.7 -.4 | -19.8 55.0 -4.5 -1.3 | -40.9 109.9 -3.1 5.9 | 7.3
Other | 9.5 | 1.5 -8.8 5.8 -3.5 | 2.8 -8.2 4.9 -.5 | -6.3 1.4 6.1 -.7 | -2.4
Defense and space equipment | -2.6 | -1.5 5.8 -2.4 -1.0 | -.1 1.0 -1.5 .9 | -1.5 1.7 -.9 1.6 | .6
Oil and gas well drilling | 9.1 | -11.1 26.0 -26.8 -39.6 | -4.0 -3.0 -3.1 -4.9 | -2.1 -3.7 -2.8 -4.6 | -20.8
Manufactured homes | -1.2 | -11.7 33.7 .4 3.8 | 7.2 -5.8 .5 .7 | -11.3 15.0 -2.7 5.7 | 6.6
| | | | |
Intermediate products | 3.7 | 6.9 1.6 1.8 3.4 | .8 .4 -.4 -.4 | 1.3 2.2 -.8 -1.9 | 1.7
Construction supplies | 2.2 | 4.1 8.5 2.5 7.3 | 1.2 .9 -1.2 .4 | -1.7 3.0 -.4 .0 | 5.6
Business supplies | 4.6 | 8.7 -2.5 1.4 1.0 | .5 .0 .0 -1.0 | 3.3 1.8 -1.1 -3.1 | -.7
| | | | |
Materials | 7.3 | 7.6 1.7 1.1 -.4 | .0 1.2 -.1 .0 | -3.2 4.5 -1.1 .0 | 1.7
| | | | |
Durable | 11.2 | 12.1 3.0 .8 .0 | -.3 2.8 -.4 .7 | -5.3 7.9 -.5 .9 | 3.4
Consumer parts | 7.0 | 10.8 -12.3 -3.5 1.9 | -1.8 14.4 -1.1 1.2 | -19.0 38.7 -2.7 4.0 | 2.4
Equipment parts | 21.5 | 19.1 15.9 5.7 3.8 | .4 1.0 .2 .9 | -1.8 2.0 -.1 1.3 | 9.4
Other | 4.6 | 6.9 -.6 -1.7 -4.0 | -.3 .0 -.5 .3 | -2.9 2.8 .1 -.6 | -1.2
Basic metals | 4.7 | 5.6 3.8 -10.0 -5.3 | -.1 1.9 -2.8 -.6 | -3.5 3.1 -.2 -1.1 | -4.2
Nondurable | 3.5 | 5.3 -.8 -3.1 -2.7 | .5 -1.2 -.3 -.2 | -2.3 .8 -.5 1.1 | -1.2
Textile | 3.9 | 3.9 -12.9 -2.2 -1.5 | .2 -.2 -.2 .2 | -7.5 9.2 -3.4 3.4 | -4.4
Paper | 3.3 | -1.9 -1.4 -3.6 1.8 | 1.8 -2.0 -1.1 -.9 | -.1 -.4 -2.3 -.8 | -3.3
Chemical | 3.3 | 7.0 3.3 -4.7 -5.9 | -.1 -1.2 -.3 .1 | -1.8 -.7 .5 -.3 | -.8
Other | 3.8 | 9.7 -3.1 1.2 .1 | .8 -.8 .4 -.4 | -3.4 2.0 .4 5.2 | 1.9
Energy | 1.1 | -1.5 .8 6.4 1.3 | .3 -.5 .8 -1.7 | 1.1 .3 -3.2 -3.8 | .3
Primary | .4 | -3.9 8.2 1.3 .7 | 1.2 -1.1 .4 -1.6 | -.3 -.4 -1.7 -3.5 | .3
Converted fuel | 2.2 | 3.1 -11.6 16.7 2.4 | -1.2 .6 1.7 -1.8 | 3.6 1.7 -5.9 -4.3 | .4
| | | | |
SPECIAL AGGREGATES | | | | |
| | | | |
Total excluding: | | | | |
Autos and trucks | 5.6 | 6.6 1.7 2.1 .1 | .3 .3 -.4 -.2 | -1.5 3.3 -.9 -1.3 | 1.2
Motor vehicles and parts | 5.4 | 6.4 2.4 2.5 -.2 | .4 -.3 -.3 -.2 | -.9 2.2 -.8 -1.5 | 1.1
Computers | 5.3 | 6.9 .4 .9 -.6 | -.3 1.5 -.6 -.1 | -2.7 5.2 -1.0 -1.0 | .7
Computers and semiconductors | 4.1 | 6.1 -.6 .5 -1.1 | -.3 1.4 -.6 -.3 | -2.8 5.3 -1.0 -1.2 | .0
| | | | |
Consumer goods excluding: | | | | |
Autos and trucks | 2.4 | 5.0 -.1 1.8 -2.0 | .3 -.7 -.6 -.4 | -.4 2.9 -1.3 -3.0 | -1.1
Energy | 3.0 | 6.4 2.0 -1.3 -5.3 | -.9 1.8 -.9 .4 | -4.3 7.5 -.4 -1.3 | -.4
| | | | |
Business equipment excluding: | | | | |
Autos and trucks | 11.0 | 9.6 3.0 9.6 5.7 | .8 -.3 -.4 .4 | -1.6 2.3 .4 -1.6 | 5.3
Computer and office equipment | 9.0 | 9.6 -2.4 4.3 3.1 | -1.1 3.6 -1.1 .0 | -5.8 8.7 -.1 -.8 | 2.7
| | | | |
Materials excluding: | | | | |
Energy | 9.0 | 10.1 2.0 -.3 -.8 | -.1 1.7 -.4 .4 | -4.5 5.8 -.5 1.0 | 2.1
-------------------------------------------------------------------------------------------------------------------------------------------------------------
Notes: Percent changes shown in the first and last columns are based on seasonally adjusted data.
Estimates for October are preliminary. Estimates from July to September are revised.
Table 2A
INDUSTRIAL PRODUCTION: INDUSTRY GROUPS
| | Index, 1992=100
| 1997 | Seasonally adjusted | Not seasonally adjusted
| IP | 1998 | 1998
Item |Proportion<1>| May June July Aug. Sept. Oct. | May June July Aug. Sept. Oct.
--------------------------------------------------------------------------------------------------------------------------------------------------------
| | |
Total index | 100.00 | 128.8 127.5 127.2 129.1 128.4 128.3 | 127.2 129.4 126.1 132.5 131.3 129.9
| | |
Manufacturing | 85.97 | 131.7 130.0 129.6 131.8 131.0 131.4 | 130.9 132.8 128.0 135.6 135.1 134.6
| | |
Primary processing | 27.58 | 120.1 119.1 119.8 119.6 118.6 118.6 | 120.0 121.4 118.2 121.3 120.6 120.8
Advanced processing | 58.39 | 137.5 135.4 134.5 138.0 137.3 137.8 | 136.4 138.5 132.8 142.9 142.4 141.6
| | |
Durable | 46.43 | 150.2 147.6 146.4 152.3 150.9 151.8 | 150.5 150.3 141.5 154.4 154.0 155.1
Lumber and products 24 | 2.08 | 117.3 117.9 118.2 119.9 118.4 119.3 | 115.9 121.6 116.6 123.6 122.4 125.9
Furniture and fixtures 25 | 1.39 | 121.9 123.1 121.7 120.7 122.5 124.0 | 118.4 124.2 120.2 129.3 129.0 125.2
Stone, clay, and glass products 32 | 2.24 | 120.4 119.2 121.3 122.8 122.6 122.8 | 121.5 123.6 122.3 127.6 126.8 127.5
| | |
Primary metals 33 | 3.47 | 125.5 122.4 122.8 124.7 120.5 119.7 | 126.6 122.7 117.6 122.0 121.4 120.2
Iron and steel 331,2 | 1.86 | 124.0 119.9 119.9 122.0 113.4 111.9 | 125.6 120.0 115.7 118.5 114.6 112.6
Raw steel | .09 | 122.3 115.9 117.2 120.4 113.1 110.9 | 122.5 116.1 112.3 116.3 112.1 110.4
Nonferrous 333-6,9 | 1.61 | 127.4 125.4 126.4 128.0 128.8 129.0 | 127.9 125.8 119.9 126.0 129.5 129.1
Fabricated metal products 34 | 5.25 | 126.4 125.7 125.4 124.0 123.3 124.2 | 125.0 127.9 124.3 127.4 127.1 126.4
Industrial machinery | | |
and equipment 35 | 8.66 | 188.2 190.5 192.4 192.1 190.9 191.2 | 188.5 197.5 191.0 194.4 197.6 194.0
Computer and office equip. 357 | 1.48 | 535.1 550.0 562.5 579.2 598.8 615.3 | 520.8 578.1 614.6 606.4 625.0 617.8
Electrical machinery 36 | 8.33 | 257.5 257.4 259.6 260.1 260.0 263.1 | 254.2 258.9 254.4 262.6 262.2 265.2
Semiconductors 3672-9 | 3.37 | 599.2 599.6 605.3 615.9 621.7 639.9 | 595.2 602.1 594.5 613.3 614.5 634.5
| | |
Transportation equipment 37 | 8.95 | 120.7 110.8 103.7 126.6 123.7 125.2 | 125.6 112.5 88.9 127.2 124.8 131.2
Motor vehicles and parts 371 | 5.16 | 140.2 120.2 104.7 151.1 146.2 148.1 | 150.6 122.9 76.2 154.1 149.8 161.2
Autos and light trucks | 2.59 | 131.4 109.4 86.5 141.4 136.8 139.6 | 142.6 111.9 58.0 141.0 144.2 157.0
Aerospace and misc. 372-6,9 | 3.79 | 101.4 101.1 102.1 102.6 101.7 102.7 | 101.1 101.8 99.9 101.1 100.3 102.2
Instruments 38 | 4.68 | 110.6 109.3 109.1 110.2 110.4 110.6 | 108.5 110.9 110.8 112.5 112.7 110.8
Miscellaneous 39 | 1.37 | 127.3 126.8 127.0 125.9 125.6 124.2 | 126.3 127.0 123.0 126.4 126.0 127.9
| | |
Nondurable | 39.54 | 112.9 112.0 112.3 111.3 110.9 110.9 | 111.2 114.9 113.7 116.5 115.9 114.1
Foods 20 | 9.30 | 112.3 110.5 110.7 109.6 109.2 109.9 | 109.8 112.9 113.2 116.5 117.4 115.4
Tobacco products 21 | 1.30 | 114.0 112.5 113.9 115.0 112.0 109.4 | 108.7 127.8 97.1 126.5 114.6 119.2
Textile mill products 22 | 1.52 | 111.2 108.3 109.3 109.9 109.2 109.2 | 113.8 113.7 106.7 114.1 112.0 115.1
Apparel products 23 | 1.77 | 97.0 97.4 97.0 95.7 95.2 93.5 | 97.4 100.1 95.6 98.6 96.1 95.1
Paper and products 26 | 3.42 | 112.7 112.1 115.0 113.0 111.9 111.3 | 111.1 113.6 113.7 114.0 111.6 113.0
| | |
Printing and publishing 27 | 6.58 | 104.5 103.2 103.2 102.9 103.2 103.2 | 101.4 104.4 107.4 109.3 109.0 106.2
Chemicals and products 28 | 10.01 | 118.0 117.8 117.3 115.3 115.2 115.5 | 116.3 121.0 121.8 120.6 121.3 117.2
Petroleum products 29 | 1.82 | 112.8 113.1 115.0 115.6 113.4 110.0 | 114.7 117.7 119.7 121.0 118.2 110.8
Rubber and plastics products 30 | 3.65 | 131.5 130.9 131.1 130.8 131.2 132.3 | 131.2 133.0 126.9 132.1 132.2 134.2
Leather and products 31 | .18 | 67.3 66.3 66.3 66.0 65.7 64.0 | 67.8 68.2 63.6 67.4 66.3 65.2
| | |
Mining | 6.40 | 108.4 106.1 106.3 105.9 104.8 103.6 | 108.2 107.6 106.4 107.8 106.8 105.5
Metal mining 10 | .42 | 104.7 105.3 101.6 106.3 105.1 104.8 | 104.7 108.1 103.0 108.2 108.2 103.5
Coal mining 12 | .86 | 118.2 112.0 116.3 112.7 116.0 114.5 | 111.6 111.1 108.0 116.5 118.8 116.6
Oil and gas extraction 13 | 4.53 | 104.6 102.3 102.2 101.7 100.0 98.6 | 104.1 101.7 101.2 100.6 99.4 98.2
Stone and earth minerals 14 | .60 | 125.6 127.7 127.0 128.9 126.2 126.7 | 136.3 148.7 147.0 151.8 147.9 149.3
| | |
Utilities | 7.62 | 115.5 118.6 118.5 118.9 120.7 116.6 | 103.0 112.0 120.4 119.6 111.6 101.8
Electric 491,3pt | 6.08 | 118.8 120.5 119.5 120.4 122.9 117.8 | 110.1 124.8 135.4 134.9 125.2 108.2
Gas 492,3pt | 1.55 | 102.4 111.2 114.3 113.2 111.9 111.9 | 76.7 63.7 63.6 61.5 60.2 78.4
| | |
SPECIAL AGGREGATES | | |
| | |
Computers, communications eq, and | | |
semiconductors | 6.90 | 426.3 431.1 435.2 441.9 446.7 454.8 | 421.5 437.6 439.1 447.8 449.1 456.1
| | |
Manufacturing excluding: | | |
Motor vehicles and parts | 80.82 | 131.2 130.6 131.1 130.7 130.1 130.4 | 129.8 133.4 131.1 134.5 134.2 133.0
Computer and office equipment | 84.50 | 127.9 126.1 125.7 127.8 126.9 127.2 | 127.1 128.6 123.8 131.3 130.7 130.3
Computers and semiconductors | 81.12 | 119.6 117.8 117.4 119.4 118.4 118.6 | 119.0 120.4 115.7 122.9 122.3 121.7
Computers, communications eq, and | | |
semiconductors | 79.08 | 118.4 116.5 116.1 118.1 117.1 117.3 | 117.8 119.1 114.4 121.6 121.1 120.5
Memo: Motor vehicle assemblies <2> | | |
Total | | 12.4 10.3 8.2 13.2 12.7 13.0 | 12.8 10.6 5.8 12.7 13.5 14.6
Autos | | 5.5 4.8 3.9 6.3 6.5 6.1 | 5.8 4.9 2.8 6.1 6.6 6.8
Trucks | | 6.8 5.6 4.3 6.9 6.2 6.9 | 7.0 5.7 3.0 6.5 6.8 7.8
Light | | 6.5 5.2 4.0 6.6 5.9 6.6 | 6.7 5.4 2.7 6.2 6.5 7.5
Heavy and medium | | 0.3 0.3 0.3 0.4 0.3 0.3 | 0.3 0.3 0.3 0.4 0.3 0.3
| | |
--------------------------------------------------------------------------------------------------------------------------------------------------------
<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.
Notes: 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 and commercial machinery and computer
equipment, electrical machinery, transportation equipment, instruments, and miscellaneous manufactures.
Estimates for the month of October are preliminary. Estimates from July to September are revised.
Table 2B
INDUSTRIAL PRODUCTION: INDUSTRY GROUPS
Percent change
| | Seasonally adjusted | | |
| 1996 Q4 | annual rate | Seasonally adjusted | Not seasonally adjusted | Oct. 97
| to | 1997 1998 | 1998 | 1998 | to
Item | 1997 Q4 | Q4 Q1 Q2 Q3 | July Aug. Sept. Oct. | July Aug. Sept. Oct. | Oct. 98
------------------------------------------------------------------------------------------------------------------------------------------------------------
| | | | |
Total index | 5.8 | 7.2 1.2 1.7 -.1 | -.2 1.5 -.5 -.1 | -2.6 5.1 -.9 -1.0 | 1.4
| | | | |
Manufacturing | 6.3 | 8.1 2.3 .8 -.9 | -.3 1.7 -.6 .3 | -3.6 5.9 -.4 -.4 | 1.8
| | | | |
Primary processing | 3.5 | 4.5 1.2 -.9 -2.0 | .6 -.2 -.8 .0 | -2.6 2.6 -.5 .1 | -.3
Advanced processing | 7.6 | 9.8 2.8 1.5 -.3 | -.7 2.6 -.6 .4 | -4.1 7.5 -.3 -.6 | 2.8
| | | | |
Durable | 9.5 | 10.3 2.6 2.5 2.0 | -.8 4.0 -.9 .6 | -5.9 9.1 -.2 .7 | 4.3
Lumber and products 24 | 2.1 | -.7 3.4 5.6 5.3 | .3 1.4 -1.2 .7 | -4.1 5.9 -.9 2.9 | 5.7
Furniture and fixtures 25 | 3.6 | 4.8 -5.9 1.3 -2.4 | -1.1 -.8 1.5 1.2 | -3.2 7.6 -.2 -3.0 | .8
Stone, clay, and glass products 32 | 4.6 | 4.3 -2.2 -5.0 7.8 | 1.8 1.3 -.2 .2 | -1.0 4.3 -.6 .6 | 1.5
| | | | |
Primary metals 33 | 5.6 | 7.5 1.0 -8.3 -8.4 | .3 1.5 -3.4 -.6 | -4.1 3.7 -.4 -1.1 | -6.0
Iron and steel 331,2 | 5.7 | 12.6 2.3 -11.4 -15.3 | .0 1.7 -7.0 -1.3 | -3.6 2.4 -3.3 -1.8 | -11.5
Raw steel | 7.3 | 8.3 9.4 -5.4 -10.9 | 1.1 2.7 -6.0 -2.0 | -3.3 3.6 -3.6 -1.5 | -5.8
Nonferrous 333-6,9 | 5.5 | 1.9 -.4 -4.6 .0 | .7 1.3 .6 .1 | -4.7 5.1 2.8 -.3 | .3
Fabricated metal products 34 | 3.7 | 8.9 -.9 2.8 -5.1 | -.2 -1.1 -.5 .7 | -2.8 2.5 -.3 -.5 | -.2
Industrial machinery | | | | |
and equipment 35 | 11.3 | 8.7 8.3 16.8 7.5 | 1.0 -.2 -.6 .2 | -3.3 1.8 1.6 -1.8 | 8.3
Computer and office equip. 357 | 36.3 | 28.3 56.6 56.9 38.2 | 2.3 3.0 3.4 2.8 | 6.3 -1.3 3.1 -1.1 | 47.2
Electrical machinery 36 | 18.5 | 16.9 13.6 5.6 3.8 | .9 .2 .0 1.2 | -1.8 3.2 -.1 1.1 | 9.3
Semiconductors 3672-9 | 39.8 | 31.5 30.8 10.6 11.8 | .9 1.7 .9 2.9 | -1.3 3.1 .2 3.3 | 21.3
| | | | |
Transportation equipment 37 | 12.2 | 18.8 -6.3 -7.1 3.6 | -6.4 22.0 -2.3 1.2 | -21.0 43.1 -1.9 5.2 | 5.8
Motor vehicles and parts 371 | 11.9 | 23.1 -17.7 -11.9 3.3 | -12.9 44.3 -3.2 1.3 | -38.0 102.1 -2.8 7.6 | 6.1
Autos and light trucks | 9.6 | 27.8 -14.9 -14.3 -5.8 | -20.9 63.5 -3.3 2.0 | -48.2 143.2 2.3 8.9 | 7.0
Aerospace and misc. 372-6,9 | 12.7 | 13.1 11.3 -.8 4.2 | .9 .5 -.9 1.0 | -1.9 1.1 -.7 1.8 | 5.5
Instruments 38 | 3.2 | 2.6 .4 2.2 -.7 | -.1 1.0 .1 .2 | -.1 1.5 .2 -1.7 | .8
Miscellaneous 39 | 4.8 | 1.6 3.9 -1.7 -4.9 | .1 -.8 -.3 -1.1 | -3.2 2.7 -.3 1.5 | -1.8
| | | | |
Nondurable | 2.6 | 5.5 1.8 -1.3 -4.1 | .3 -.9 -.3 -.1 | -1.0 2.4 -.5 -1.6 | -1.2
Foods 20 | 1.8 | 4.3 6.6 -1.5 -6.4 | .2 -1.0 -.4 .6 | .3 3.0 .8 -1.8 | .6
Tobacco products 21 | 1.9 | 12.3 3.2 -7.9 .5 | 1.3 1.0 -2.6 -2.4 | -24.0 30.2 -9.4 4.0 | -7.9
Textile mill products 22 | 4.1 | 2.1 -4.9 -1.9 -.4 | .9 .5 -.6 .0 | -6.2 6.9 -1.9 2.8 | -2.1
Apparel products 23 | -1.9 | -1.0 -2.6 -3.2 -6.4 | -.4 -1.4 -.4 -1.8 | -4.5 3.1 -2.5 -1.1 | -5.8
Paper and products 26 | 3.1 | -2.1 -1.3 -1.7 2.3 | 2.6 -1.7 -1.0 -.6 | .1 .2 -2.0 1.2 | -1.4
| | | | |
Printing and publishing 27 | 4.0 | 9.9 -4.9 -5.8 -4.0 | .0 -.3 .3 .0 | 2.8 1.7 -.2 -2.6 | -3.3
Chemicals and products 28 | 2.9 | 8.3 3.1 .3 -7.2 | -.4 -1.7 .0 .3 | .7 -1.0 .6 -3.3 | -1.0
Petroleum products 29 | 2.2 | 1.0 12.2 1.6 4.3 | 1.6 .6 -2.0 -3.0 | 1.7 1.0 -2.3 -6.3 | -1.1
Rubber and plastics products 30 | 3.8 | 5.2 2.2 6.1 -1.3 | .1 -.2 .3 .9 | -4.6 4.1 .1 1.5 | 3.8
Leather and products 31 | -7.3 | -2.4 -9.4 -14.8 -6.6 | -.1 -.5 -.4 -2.6 | -6.8 6.0 -1.6 -1.6 | -11.6
| | | | |
Mining | 2.1 | -2.1 9.9 -3.9 -5.9 | .2 -.4 -1.0 -1.1 | -1.1 1.3 -.9 -1.2 | -2.1
Metal mining 10 | 2.7 | 15.4 2.6 -19.2 .1 | -3.5 4.6 -1.1 -.3 | -4.8 5.0 .0 -4.4 | -5.7
Coal mining 12 | 4.7 | 11.2 -5.1 8.7 5.2 | 3.9 -3.1 2.9 -1.3 | -2.8 7.9 1.9 -1.8 | 4.5
Oil and gas extraction 13 | 1.9 | -6.2 13.7 -6.5 -10.2 | -.1 -.5 -1.6 -1.4 | -.4 -.6 -1.3 -1.1 | -4.4
Stone and earth minerals 14 | .6 | .4 9.9 11.5 8.7 | -.6 1.5 -2.1 .4 | -1.1 3.2 -2.6 .9 | 9.0
| | | | |
Utilities | 2.4 | 5.5 -16.5 18.8 14.9 | -.1 .4 1.5 -3.4 | 7.5 -.7 -6.6 -8.8 | -.2
Electric 491,3pt | 2.8 | 5.1 -11.7 22.0 11.0 | -.8 .7 2.1 -4.2 | 8.5 -.4 -7.2 -13.6 | -.3
Gas 492,3pt | .8 | 7.1 -33.3 6.1 33.1 | 2.8 -1.0 -1.1 .0 | -.2 -3.3 -2.2 30.3 | .0
| | | | |
SPECIAL AGGREGATES | | | | |
| | | | |
Computers, communications eq, and | | | | |
semiconductors | 30.6 | 24.6 26.6 19.9 14.7 | 1.0 1.5 1.1 1.8 | .4 2.0 .3 1.6 | 21.3
| | | | |
Manufacturing excluding: | | | | |
Motor vehicles and parts | 6.0 | 7.2 3.7 1.6 -1.1 | .4 -.3 -.5 .2 | -1.7 2.6 -.2 -.9 | 1.5
Computer and office equipment | 5.8 | 7.8 1.4 -.2 -1.5 | -.3 1.7 -.7 .2 | -3.8 6.1 -.4 -.3 | 1.0
Computers and semiconductors | 4.4 | 6.8 .2 -.7 -2.1 | -.4 1.7 -.8 .1 | -3.9 6.2 -.5 -.5 | .2
Computers, communications eq, and | | | | |
semiconductors | 4.2 | 6.7 .2 -1.0 -2.3 | -.4 1.7 -.8 .2 | -3.9 6.3 -.4 -.5 | .1
------------------------------------------------------------------------------------------------------------------------------------------------------------
Notes: Estimates for October are preliminary. Estimates from July to September are revised.
Percent changes shown in the first and last columns are based on seasonally adjusted data.
Table 3
CAPACITY UTILIZATION: MANUFACTURING, MINING, AND UTILITIES
Percent of capacity, seasonally adjusted
| | 1967- 1978- 1988- 1990-| |
| 1997 | 1997 1973 1980 1982 1989 1991| 1997 | 1998
Item | Proportion| Ave. High High Low High Low| Oct. | May June July Aug. Sept. Oct.
---------------------------------------------------------------------------------------------------------------------------------------------------------
| | | |
Total industry | 100.00 | 82.1 89.2 87.3 71.1 85.4 78.1 | 83.0 | 82.4 81.2 80.7 81.7 81.0 80.6
| | | |
Manufacturing | 87.20 | 81.1 88.5 86.9 69.0 85.7 76.6 | 81.9 | 81.1 79.7 79.2 80.3 79.5 79.4
| | | |
Primary processing | 26.38 | 82.4 91.2 88.1 66.2 88.9 77.7 | 85.7 | 84.9 84.0 84.3 83.9 83.0 82.8
Advanced processing | 60.83 | 80.5 87.2 86.7 70.4 84.2 76.1 | 80.2 | 79.4 77.8 77.0 78.7 77.9 77.9
| | | |
Durable | 47.85 | 79.4 89.2 87.7 63.9 84.6 73.1 | 81.1 | 80.1 78.2 77.1 79.8 78.6 78.6
Lumber and products 24 | 2.10 | 82.6 88.7 87.9 60.8 93.6 75.5 | 80.1 | 82.3 82.5 82.7 83.8 82.7 83.2
Furniture and fixtures 25 | 1.43 | 81.5 96.8 85.5 68.9 86.6 72.5 | 79.8 | 77.7 78.3 77.3 76.5 77.6 78.3
Stone, clay, and glass products 32 | 2.24 | 78.2 88.8 88.0 64.3 83.5 69.7 | 81.5 | 79.5 78.5 79.6 80.4 80.1 80.0
| | | |
Primary metals 33 | 3.11 | 81.2 100.2 94.2 45.1 92.7 73.7 | 92.3 | 88.6 86.0 86.0 86.9 83.6 82.8
Iron and steel 331,2 | 1.70 | 81.0 105.8 95.8 37.0 95.2 71.8 | 91.9 | 87.8 84.5 84.1 85.2 78.9 77.5
Raw steel | .08 | 80.9 102.7 95.8 35.2 92.7 71.5 | 89.2 | 89.7 84.6 85.2 87.1 81.5 79.5
Nonferrous 333-6,9 | 1.41 | 81.5 90.8 91.1 60.1 89.3 74.2 | 92.8 | 89.7 87.9 88.3 89.2 89.4 89.2
Primary copper 3331 | .07 | 74.9 93.4 81.5 42.1 86.3 73.5 | 98.7 | 83.7 84.3 91.6 89.0 87.4
Primary aluminum 3334 | .13 | 88.4 95.7 97.6 58.6 100.4 97.3 | 86.5 | 88.6 88.9 89.6 89.8 90.1
| | | |
Fabricated metal products 34 | 5.42 | 77.9 87.8 83.9 63.7 82.0 71.9 | 79.3 | 78.4 77.7 77.2 76.1 75.4 75.7
Industrial machinery | | | |
and equipment 35 | 8.64 | 81.4 96.0 93.2 64.0 85.4 72.3 | 84.8 | 85.0 85.3 85.5 84.7 83.6 83.1
Computer and office equip. 357 | 1.76 | 81.0 90.9 92.6 65.5 86.9 66.9 | 80.3 | 84.0 83.9 83.3 83.3 83.7 83.5
Electrical machinery 36 | 8.89 | 81.0 89.2 89.4 71.6 84.0 75.0 | 80.9 | 78.4 77.3 76.9 76.1 75.1 75.0
Semiconductors 3672-9 | 3.68 | 79.8 95.6 91.7 75.7 81.0 75.5 | 84.7 | 80.2 78.4 77.2 76.6 75.5 75.8
| | | |
Transportation equipment 37 | 9.78 | 75.8 86.1 84.8 57.2 85.8 68.5 | 76.4 | 76.4 69.9 65.3 79.4 77.3 78.0
Motor vehicles and parts 371 | 5.67 | 76.6 93.4 95.0 45.5 89.1 55.9 | 75.0 | 73.5 62.8 54.5 78.4 75.6 76.3
Autos and light trucks <1> | 2.66 | 94.6 40.6 92.3 53.3 | 80.3 | 79.7 66.2 52.2 85.2 82.3 83.8
Aerospace and misc. 372-6,9 | 4.11 | 75.2 78.4 81.9 66.6 87.3 79.2 | 78.2 | 80.3 79.9 80.4 80.7 79.8 80.4
Instruments 38 | 4.84 | 81.7 89.9 92.7 78.4 81.4 77.2 | 80.9 | 80.3 79.0 78.7 79.3 79.2 79.1
Miscellaneous 39 | 1.40 | 75.4 82.9 79.4 65.4 79.0 71.7 | 80.3 | 79.2 78.6 78.5 77.6 77.2 76.2
| | | |
Nondurable | 39.36 | 83.4 87.8 87.5 76.4 87.3 80.7 | 82.8 | 82.4 81.6 81.7 80.9 80.5 80.4
Foods 20 | 9.50 | 82.9 86.0 84.6 79.1 85.4 82.7 | 79.8 | 81.1 79.7 79.7 78.8 78.3 78.7
Textile mill products 22 | 1.51 | 85.5 91.4 91.2 72.3 90.4 77.7 | 84.5 | 83.5 81.3 82.0 82.4 81.8 81.8
Apparel products 23 | 1.93 | 81.0 84.2 87.5 77.5 85.1 75.5 | 75.5 | 74.0 74.4 74.1 73.1 72.9 71.6
Paper and products 26 | 3.13 | 89.3 97.1 96.1 80.6 93.5 85.0 | 89.2 | 88.0 87.4 89.5 87.8 86.8 86.2
Pulp and paper 261-3 | 1.37 | 92.4 97.2 98.3 82.0 98.0 89.9 | 94.0 | 91.0 91.0 93.2 91.5 90.2
Printing and publishing 27 | 6.49 | 85.7 89.7 93.9 82.0 91.7 79.6 | 83.8 | 81.6 80.6 80.5 80.2 80.4 80.3
| | | |
Chemicals and products 28 | 10.40 | 79.5 87.6 84.6 69.9 86.2 79.3 | 79.3 | 78.9 78.7 78.2 76.8 76.6 76.7
Plastics materials 2821 | .82 | 86.7 102.0 90.9 63.4 97.0 74.8 | 91.2 | 90.2 89.1 92.3 92.4
Synthetic fibers 2823,4 | .33 | 85.1 93.8 98.6 64.4 99.7 77.6 | 87.9 | 85.7 87.2 88.4 85.1 87.6
Petroleum products 29 | 1.57 | 86.6 96.7 90.0 66.8 88.5 85.1 | 96.2 | 96.3 96.3 97.6 97.9 95.7 92.5
Rubber and plastics products 30 | 3.44 | 84.8 95.5 91.2 72.7 89.6 77.4 | 87.0 | 88.0 87.4 87.3 86.8 86.9 87.4
Leather and products 31 | .21 | 80.8 81.3 92.1 75.8 83.3 76.1 | 68.5 | 65.3 64.7 64.9 64.9 64.9 63.6
| | | |
Mining | 5.84 | 87.5 94.3 96.0 80.3 88.0 87.0 | 89.6 | 91.4 89.4 89.5 89.0 88.0 86.9
Metal mining 10 | .38 | 79.0 89.6 87.9 44.4 89.4 79.9 | 93.9 | 87.7 88.1 84.9 88.7 87.7 87.3
Coal mining 12 | .82 | 86.9 91.0 99.4 76.6 91.5 83.4 | 86.4 | 92.2 87.3 90.5 87.6 90.0 88.7
Oil and gas extraction 13 | 4.07 | 88.6 96.9 97.3 82.3 88.2 88.7 | 90.7 | 92.0 89.9 89.8 89.2 87.7 86.4
Oil and gas well drilling 138 | .82 | 74.2 93.0 104.3 50.9 69.3 60.0 | 84.9 | 83.7 77.6 74.5 72.2 69.9 66.4
Stone and earth minerals 14 | .57 | 84.8 95.0 92.7 63.3 89.0 79.4 | 82.6 | 87.4 88.7 87.9 89.0 86.8 86.9
| | | |
Utilities | 6.96 | 87.3 96.2 89.1 75.9 92.6 83.4 | 92.0 | 90.4 92.8 92.6 92.9 94.2 90.9
Electric 491,3pt | 5.43 | 89.1 99.0 88.2 78.9 95.0 87.1 | 94.3 | 94.3 95.5 94.7 95.3 97.2 93.1
Gas 492,3pt | 1.52 | 82.4 94.1 93.7 69.1 85.0 67.1 | 82.3 | 74.6 80.9 83.0 82.1 81.1 81.0
| | | |
SPECIAL AGGREGATES | | | |
| | | |
Computers, communications eq, and | | | |
semiconductors | 7.71 | 80.1 84.0 90.9 77.3 81.9 72.4 | 81.1 | 79.0 78.2 77.3 76.8 76.0 75.8
| | | |
Manufacturing ex. computers, | | | |
communications eq., and | | | |
semiconductors | 79.50 | 81.2 88.8 87.0 68.0 86.1 76.8 | 82.0 | 81.4 80.0 79.5 80.7 79.9 79.9
---------------------------------------------------------------------------------------------------------------------------------------------------------
<1> Series begins in 1977.
Notes: 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 and commercial machinery and computer
equipment, electrical machinery, transportation equipment, instruments, and miscellaneous manufactures.
Estimates for October are preliminary. Estimates from July to September are revised.
Table 4
INDUSTRIAL CAPACITY: MANUFACTURING, MINING, AND UTILITIES
Percent change
Capacity indexes
| Annual rate | December to December | Percent of 1992 output
| 1967- 1967- 1975-| | |
| 1998 1975 1998 | | 1997 | 1998
Item | Ave. Ave. Ave. | 1994 1995 1996 1997 1998 | Oct. | May June July Aug. Sept. Oct.
------------------------------------------------------------------------------------------------------------------------------------------------------------
| | | |
Total industry | 3.0 3.8 2.7 | 3.9 5.0 4.5 4.7 4.3 | 152.4 | 156.5 157.0 157.5 158.1 158.6 159.1
| | | |
Manufacturing | 3.4 4.0 3.1 | 4.2 5.6 5.1 5.3 4.9 | 157.6 | 162.4 163.0 163.6 164.2 164.9 165.5
| | | |
Primary processing | 2.3 4.1 1.6 | 2.4 3.0 3.4 3.4 3.1 | 138.8 | 141.4 141.8 142.1 142.5 142.8 143.2
Advanced processing | 3.9 4.0 3.9 | 5.2 6.9 5.9 6.3 5.7 | 167.3 | 173.1 174.0 174.7 175.5 176.2 177.0
| | | |
Durable | 3.9 3.7 3.9 | 6.1 8.5 7.4 8.0 7.5 | 179.4 | 187.6 188.8 189.8 190.9 192.0 193.1
Lumber and products 24 | 2.0 2.9 1.6 | 3.0 3.9 4.5 4.0 1.3 | 140.9 | 142.6 142.8 142.9 143.1 143.2 143.3
Furniture and fixtures 25 | 3.2 4.5 2.6 | 2.5 4.0 6.0 4.8 2.3 | 154.1 | 156.9 157.2 157.5 157.7 158.0 158.3
Stone, clay, and glass products 32 | 1.6 2.5 1.2 | .9 2.4 3.4 3.7 3.3 | 148.4 | 151.5 151.9 152.3 152.7 153.1 153.5
| | | |
Primary metals 33 | .5 1.7 .0 | 2.7 2.4 3.7 3.7 5.0 | 138.0 | 141.8 142.3 142.9 143.5 144.0 144.6
Iron and steel 331,2 | -.2 .7 -.6 | 3.1 1.4 4.5 3.8 5.3 | 137.4 | 141.3 141.9 142.5 143.1 143.8 144.4
Raw steel | -.5 .3 -.9 | 1.4 3.3 2.7 6.1 5.5 | 132.0 | 136.4 137.0 137.6 138.2 138.8 139.4
Nonferrous 333-6,9 | 1.8 3.8 1.0 | 2.2 3.5 2.8 3.7 4.6 | 138.5 | 142.1 142.6 143.1 143.6 144.1 144.6
Primary copper 3331 | .7 1.8 .3 | 3.2 8.3 -1.8 1.2 1.6 | 144.3 | 145.5 145.7 145.9 146.1 146.3 146.5
Primary aluminum 3334 | 1.2 5.2 -.3 | .5 .0 .2 .2 .0 | 104.1 | 104.2 104.2 104.2 104.2 104.2 104.2
| | | |
Fabricated metal products 34 | 2.0 3.1 1.6 | 2.5 4.1 4.7 5.1 4.6 | 156.8 | 161.2 161.8 162.4 162.9 163.5 164.1
Industrial machinery | | | |
and equipment 35 | 5.6 4.7 5.9 | 8.6 11.0 11.4 11.6 10.4 | 208.1 | 221.4 223.3 225.0 226.7 228.4 230.2
Computer and office equip. 357 | 21.3 12.0 25.1 | 21.9 32.0 40.6 41.0 41.7 | 520.3 | 637.0 655.8 675.1 695.0 715.5 736.6
Electrical machinery 36 | 8.5 5.9 9.6 | 19.1 26.5 18.6 19.3 17.6 | 297.5 | 328.6 333.1 337.4 341.8 346.2 350.8
Semiconductors 3672-9 | 19.4 13.1 21.9 | 43.0 57.1 29.6 37.6 34.8 | 622.7 | 746.8 765.2 784.1 803.5 823.4 843.7
| | | |
Transportation equipment 37 | 2.7 3.0 2.6 | 3.4 3.8 2.3 3.5 3.7 | 154.8 | 158.0 158.5 159.0 159.5 160.0 160.4
Motor vehicles and parts 371 | 3.4 4.4 3.0 | 7.5 8.1 4.5 4.6 4.3 | 186.0 | 190.8 191.5 192.2 192.8 193.5 194.1
Autos and light trucks <1> | | 5.9 5.7 .8 2.4 2.6 | 162.4 | 164.9 165.3 165.6 165.9 166.3 166.6
Aerospace and misc. 372-6,9 | 1.6 1.1 1.8 | -1.1 -1.2 -.7 2.1 2.8 | 124.5 | 126.3 126.6 126.9 127.2 127.5 127.8
Instruments 38 | 4.6 7.6 3.4 | .0 .5 .8 1.9 3.4 | 135.5 | 137.9 138.2 138.6 139.0 139.4 139.8
Miscellaneous 39 | 2.4 4.4 1.6 | 1.9 2.9 3.2 3.2 3.6 | 157.6 | 160.8 161.3 161.7 162.2 162.7 163.1
| | | |
Nondurable | 2.7 4.3 2.1 | 2.0 2.4 2.4 2.2 1.7 | 135.5 | 137.0 137.2 137.4 137.6 137.8 138.0
Foods 20 | 2.4 3.0 2.2 | 2.1 2.9 2.5 2.4 1.9 | 136.9 | 138.5 138.7 138.9 139.1 139.3 139.6
Textile mill products 22 | 2.2 4.4 1.3 | 3.9 3.1 2.0 1.8 1.0 | 132.1 | 133.2 133.2 133.3 133.4 133.5 133.6
Apparel products 23 | 1.1 2.3 .7 | 1.6 2.2 .1 .0 -.8 | 131.4 | 131.1 131.0 130.9 130.8 130.7 130.6
Paper and products 26 | 2.7 3.9 2.3 | 1.3 2.5 2.3 1.8 2.1 | 126.5 | 128.1 128.3 128.5 128.7 128.9 129.1
Pulp and paper 261-3 | 2.4 2.9 2.2 | 2.0 2.9 2.0 1.8 1.6 | 121.3 | 122.5 122.7 122.8 123.0 123.1 123.3
Printing and publishing 27 | 2.7 3.0 2.5 | .8 .7 1.0 .7 .9 | 127.3 | 128.0 128.0 128.1 128.2 128.3 128.4
| | | |
Chemicals and products 28 | 3.8 6.8 2.6 | 2.7 2.8 3.6 3.3 2.2 | 147.1 | 149.4 149.7 149.9 150.2 150.4 150.7
Plastics materials 2821 | 6.5 12.7 4.1 | 6.2 5.3 6.6 5.5 3.9 | 141.2 | 145.0 145.4 145.8 146.3 146.7 147.1
Synthetic fibers 2823,4 | 3.7 9.7 1.5 | .4 .4 -.4 3.9 1.7 | 123.5 | 125.2 125.4 125.6 125.7 125.9 126.1
Petroleum products 29 | 1.5 4.2 .5 | 2.1 -.5 .4 1.8 3.1 | 115.6 | 117.2 117.5 117.8 118.2 118.5 118.9
Rubber and plastics products 30 | 5.3 8.4 4.1 | 4.4 5.1 4.4 4.2 3.2 | 146.5 | 149.4 149.8 150.2 150.6 151.0 151.4
Leather and products 31 | -3.3 -1.5 -4.0 | -2.1 -2.6 -2.3 -2.8 -5.2 | 105.6 | 103.1 102.6 102.1 101.6 101.1 100.6
| | | |
Mining | .2 -.1 .3 | 1.1 -.7 .4 .7 1.1 | 118.2 | 118.6 118.7 118.8 119.0 119.1 119.2
Metal mining 10 | 1.3 .5 1.6 | -1.8 1.2 .5 .8 1.4 | 118.4 | 119.4 119.5 119.7 119.8 119.9 120.1
Coal mining 12 | 2.3 2.4 2.3 | 4.3 -.7 1.2 1.7 1.7 | 126.9 | 128.2 128.3 128.5 128.7 128.9 129.1
Oil and gas extraction 13 | -.5 -1.0 -.2 | .3 -1.2 -.1 .1 .6 | 113.7 | 113.7 113.8 113.8 113.9 114.0 114.1
Oil and gas well drilling 138 | .7 .8 .7 | -.6 -1.6 -1.2 1.1 1.4 | 175.6 | 176.9 177.1 177.3 177.6 177.8 178.0
Stone and earth minerals 14 | 1.4 2.6 1.0 | 2.3 2.4 3.5 4.0 3.6 | 140.7 | 143.6 144.0 144.4 144.9 145.3 145.7
| | | |
Utilities | 2.7 6.1 1.4 | 1.2 2.1 1.5 1.3 1.0 | 126.9 | 127.7 127.8 127.9 128.0 128.1 128.2
Electric 491,3pt | 3.7 7.8 2.2 | 1.0 2.8 1.5 1.3 1.0 | 125.2 | 126.1 126.2 126.3 126.4 126.5 126.6
Gas 492,3pt | .4 2.3 -.3 | .4 .5 2.2 1.9 1.6 | 136.0 | 137.3 137.5 137.7 137.9 138.1 138.2
| | | |
SPECIAL AGGREGATES | | | |
| | | |
Computers, communications eq, and | | | |
semiconductors | 15.6 9.5 18.1 | 28.3 38.7 29.3 30.5 29.6 | 462.4 | 539.6 551.5 563.2 575.1 587.4 600.0
| | | |
Manufacturing ex. computers, | | | |
communications eq., and | | | |
semiconductors | 2.4 3.7 1.9 | 2.4 3.0 2.9 3.1 2.7 | 142.9 | 145.3 145.6 145.9 146.2 146.6 146.9
------------------------------------------------------------------------------------------------------------------------------------------------------------
<1> Series begins in 1977.
Table 5A
INDUSTRIAL PRODUCTION, CAPACITY AND UTILIZATION FOR TOTAL INDUSTRY: HISTORICAL DATA
-------------------------------------------------------------------------------------------------------------------------------------------
| | |
| Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.| Q1 Q2 Q3 Q4| Annual
-------------------------------------------------------------------------------------------------------------------------------------------
| | |
Industrial | | |
Production, | | |
Percent | | |
Change <1> | | |
1986 | .6 -.7 -1.0 .8 -.2 -.3 .3 .3 -.1 .9 .5 .9 | 2.0 -1.7 .7 6.5 | 1.1
1987 | -.6 1.2 .4 .4 .4 .9 .6 .1 -.1 1.4 .3 .6 | 4.2 6.7 5.6 7.1 | 4.6
1988 | .1 .3 .0 .6 .1 .1 .7 .5 -.4 .3 .8 .5 | 3.2 3.1 3.9 3.6 | 4.5
1989 | .6 -.8 .9 .2 -.6 -.2 -1.0 .4 -.2 -.5 .4 .5 | 3.8 .5 -4.4 -.1 | 1.8
1990 | -.5 .5 .5 -.6 .4 .0 .0 .2 .1 -.6 -1.3 -.6 | 2.0 .6 1.0 -5.8 | -.2
| | |
1991 | -.5 -.8 -.9 .3 .8 1.2 .1 .1 1.0 -.1 -.1 -.6 | -8.3 1.5 6.2 1.1 | -2.0
1992 | .2 .6 .7 .8 .2 -.3 .7 -.3 .5 .8 .5 .1 | 1.4 6.2 1.9 5.5 | 3.1
1993 | .5 .4 .1 .4 -.6 .2 .4 -.2 1.0 .3 .4 .8 | 4.4 1.1 2.1 5.8 | 3.6
1994 | .3 .5 .7 .5 .7 .5 .5 .3 .2 .7 .8 1.0 | 6.0 7.1 5.5 7.5 | 5.4
1995 | .6 -.1 .1 .0 .3 .3 .0 1.0 .4 -.4 .2 -.1 | 5.9 1.6 4.5 1.1 | 4.9
| | |
1996 | -.2 1.2 -.4 1.1 .6 .5 .0 .3 .3 .0 .8 .3 | 2.0 7.5 3.6 3.8 | 3.5
1997 | .3 .6 .3 .5 .2 .2 .8 .6 .3 .8 .8 .3 | 5.2 4.6 6.0 7.2 | 5.0
1998 | -.1 -.4 .5 .3 .3 -1.1 -.2 1.5 -.5 -.1 | 1.2 1.7 -.1 |
| | |
Industrial | | |
Production <2> | | |
1986 | 89.6 89.0 88.1 88.7 88.6 88.2 88.5 88.8 88.7 89.5 89.9 90.8 | 88.9 88.5 88.7 90.1 | 89.0
1987 | 90.2 91.2 91.6 92.0 92.4 93.2 93.7 93.8 93.7 95.0 95.3 95.9 | 91.0 92.5 93.8 95.4 | 93.2
1988 | 95.9 96.2 96.3 96.8 96.9 97.0 97.6 98.1 97.8 98.0 98.8 99.3 | 96.1 96.9 97.8 98.7 | 97.4
1989 | 99.8 99.0 100.0 100.2 99.6 99.4 98.4 98.8 98.6 98.2 98.6 99.0 | 99.6 99.7 98.6 98.6 | 99.1
1990 | 98.6 99.1 99.6 99.0 99.4 99.3 99.3 99.5 99.6 99.1 97.7 97.2 | 99.1 99.2 99.5 98.0 | 98.9
| | |
1991 | 96.7 95.9 95.0 95.4 96.1 97.2 97.3 97.4 98.4 98.3 98.1 97.5 | 95.9 96.2 97.7 98.0 | 97.0
1992 | 97.7 98.3 99.0 99.8 100.0 99.7 100.3 100.0 100.5 101.2 101.8 101.8 | 98.3 99.8 100.3 101.6 | 100.0
1993 | 102.4 102.8 102.9 103.3 102.7 102.9 103.3 103.1 104.1 104.4 104.9 105.7 | 102.7 103.0 103.5 105.0 | 103.6
1994 | 106.0 106.5 107.2 107.7 108.5 109.0 109.6 109.9 110.1 110.9 111.8 112.9 | 106.6 108.4 109.9 111.9 | 109.2
1995 | 113.5 113.4 113.6 113.6 113.9 114.3 114.3 115.4 115.9 115.4 115.6 115.5 | 113.5 113.9 115.2 115.5 | 114.5
| | |
1996 | 115.3 116.7 116.3 117.5 118.3 118.9 118.9 119.3 119.6 119.7 120.6 120.9 | 116.1 118.2 119.3 120.4 | 118.5
1997 | 121.3 122.1 122.5 123.1 123.3 123.5 124.5 125.2 125.6 126.5 127.5 127.9 | 121.9 123.3 125.1 127.3 | 124.5
1998 | 127.8 127.3 128.0 128.4 128.8 127.5 127.2 129.1 128.4 128.3 | 127.7 128.2 128.2 |
| | |
Capacity | | |
1986 | 112.2 112.4 112.6 112.7 112.9 113.0 113.2 113.3 113.5 113.6 113.7 113.9 | 112.4 112.9 113.3 113.7 | 113.1
1987 | 114.0 114.1 114.2 114.3 114.4 114.5 114.6 114.7 114.9 115.0 115.1 115.2 | 114.1 114.4 114.7 115.1 | 114.6
1988 | 115.3 115.5 115.6 115.7 115.8 115.9 116.0 116.2 116.3 116.4 116.5 116.7 | 115.5 115.8 116.2 116.5 | 116.0
1989 | 116.8 117.0 117.2 117.4 117.6 117.8 118.0 118.2 118.4 118.6 118.8 119.0 | 117.0 117.6 118.2 118.8 | 117.9
1990 | 119.2 119.3 119.5 119.7 119.9 120.1 120.2 120.4 120.6 120.8 121.0 121.2 | 119.3 119.9 120.4 121.0 | 120.2
| | |
1991 | 121.4 121.6 121.7 121.9 122.1 122.2 122.4 122.6 122.7 122.9 123.0 123.2 | 121.6 122.1 122.6 123.0 | 122.3
1992 | 123.4 123.6 123.8 124.1 124.3 124.5 124.8 125.0 125.2 125.4 125.6 125.8 | 123.6 124.3 125.0 125.6 | 124.6
1993 | 126.1 126.3 126.5 126.8 127.0 127.2 127.5 127.7 128.0 128.2 128.5 128.7 | 126.3 127.0 127.7 128.5 | 127.4
1994 | 129.1 129.5 129.9 130.3 130.7 131.2 131.6 132.0 132.4 132.8 133.3 133.7 | 129.5 130.7 132.0 133.3 | 131.4
1995 | 134.2 134.8 135.3 135.9 136.5 137.1 137.6 138.1 138.7 139.2 139.8 140.4 | 134.8 136.5 138.1 139.8 | 137.3
| | |
1996 | 140.9 141.4 142.0 142.5 143.0 143.6 144.1 144.6 145.1 145.6 146.1 146.7 | 141.4 143.0 144.6 146.1 | 143.8
1997 | 147.2 147.8 148.4 149.0 149.6 150.2 150.7 151.3 151.9 152.4 153.0 153.6 | 147.8 149.6 151.3 153.0 | 150.4
1998 | 154.2 154.8 155.4 155.9 156.5 157.0 157.5 158.1 158.6 159.1 | 154.8 156.5 158.1 |
| | |
Utilization | | |
1986 | 79.8 79.2 78.2 78.7 78.4 78.1 78.2 78.3 78.2 78.8 79.1 79.7 | 79.1 78.4 78.2 79.2 | 78.7
1987 | 79.1 80.0 80.2 80.5 80.7 81.4 81.8 81.8 81.6 82.6 82.8 83.2 | 79.8 80.8 81.7 82.9 | 81.3
1988 | 83.2 83.4 83.3 83.7 83.7 83.6 84.1 84.5 84.1 84.2 84.8 85.1 | 83.3 83.7 84.2 84.7 | 84.0
1989 | 85.4 84.6 85.3 85.3 84.7 84.4 83.4 83.6 83.3 82.8 83.0 83.2 | 85.1 84.8 83.4 83.0 | 84.1
1990 | 82.7 83.0 83.3 82.7 82.9 82.7 82.6 82.6 82.6 82.0 80.8 80.2 | 83.0 82.8 82.6 81.0 | 82.3
| | |
1991 | 79.6 78.9 78.1 78.2 78.7 79.6 79.5 79.5 80.2 80.0 79.8 79.2 | 78.9 78.8 79.7 79.6 | 79.3
1992 | 79.2 79.5 79.9 80.4 80.4 80.0 80.4 80.0 80.2 80.7 81.0 80.9 | 79.5 80.3 80.2 80.9 | 80.2
1993 | 81.2 81.4 81.3 81.5 80.9 80.9 81.0 80.7 81.4 81.4 81.6 82.1 | 81.3 81.1 81.0 81.7 | 81.3
1994 | 82.1 82.2 82.5 82.7 83.0 83.1 83.3 83.3 83.2 83.5 83.9 84.4 | 82.3 82.9 83.2 83.9 | 83.1
1995 | 84.6 84.2 83.9 83.6 83.5 83.4 83.1 83.6 83.6 82.9 82.7 82.3 | 84.2 83.5 83.4 82.6 | 83.4
| | |
1996 | 81.8 82.5 81.9 82.5 82.7 82.8 82.6 82.5 82.4 82.2 82.5 82.5 | 82.1 82.7 82.5 82.4 | 82.4
1997 | 82.4 82.6 82.5 82.6 82.4 82.3 82.6 82.8 82.7 83.0 83.3 83.3 | 82.5 82.4 82.7 83.2 | 82.7
1998 | 82.9 82.2 82.4 82.4 82.4 81.2 80.7 81.7 81.0 80.6 | 82.5 82.0 81.1 |
-------------------------------------------------------------------------------------------------------------------------------------------
<1> Quarterly percent changes are at annual rates. Annual percentage changes are calculated from annual averages.
<2> Annual averages of industrial production are calculated from not seasonally adjusted indexes.
Table 5B
INDUSTRIAL PRODUCTION, CAPACITY AND UTILIZATION FOR MANUFACTURING: HISTORICAL DATA
-------------------------------------------------------------------------------------------------------------------------------------------
| | |
| Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.| Q1 Q2 Q3 Q4| Annual
-------------------------------------------------------------------------------------------------------------------------------------------
| | |
Industrial | | |
Production, | | |
Percent | | |
Change <1> | | |
1986 | 1.5 -.5 -.9 1.4 -.1 -.3 .3 .6 .0 .8 .4 1.2 | 4.5 1.7 1.7 6.7 | 2.8
1987 | -.8 1.6 .2 .5 .3 1.0 .7 -.2 .1 1.3 .5 .6 | 5.0 7.0 5.5 7.6 | 5.3
1988 | -.2 .4 -.1 1.0 -.1 .0 .7 .3 .2 .2 .9 .6 | 2.3 4.1 3.7 5.2 | 4.7
1989 | .9 -1.2 .8 .1 -.7 .0 -1.1 .3 -.3 -.6 .4 .1 | 4.3 -.7 -4.5 -1.4 | 1.9
1990 | -.2 .9 .3 -.8 .4 -.1 .0 .3 -.1 -.6 -1.3 -.6 | 2.9 -.1 .8 -6.3 | -.5
| | |
1991 | -.9 -.7 -1.1 .3 .7 1.4 .2 .2 1.1 -.1 -.2 -.5 | -9.7 1.2 7.8 1.7 | -2.4
1992 | .4 .7 .8 .7 .4 -.1 .6 -.3 .4 .7 .6 -.1 | 2.8 7.0 2.4 5.0 | 4.0
1993 | 1.0 .2 .1 .6 -.5 .0 .4 -.3 1.1 .2 .5 .9 | 5.0 1.6 1.6 6.2 | 3.8
1994 | .1 .6 .8 .8 .8 .2 .7 .4 .3 .9 .9 1.0 | 6.3 8.8 6.2 9.0 | 6.0
1995 | .6 -.2 .2 .0 .2 .4 -.2 .9 .7 -.4 .0 -.1 | 6.4 1.4 3.9 1.5 | 5.4
| | |
1996 | -.1 1.2 -.6 1.4 .6 .6 .4 .2 .3 .0 .8 .5 | 1.5 8.1 4.9 4.2 | 3.6
1997 | .3 .7 .4 .4 .2 .3 .6 .7 .1 .8 1.0 .4 | 6.2 4.9 6.1 8.1 | 5.7
1998 | .2 -.4 .2 .6 .1 -1.3 -.3 1.7 -.6 .3 | 2.3 .8 -.9 |
| | |
Industrial | | |
Production <2> | | |
1986 | 87.9 87.4 86.6 87.8 87.7 87.5 87.7 88.2 88.2 88.9 89.3 90.3 | 87.3 87.7 88.0 89.5 | 88.1
1987 | 89.6 91.0 91.2 91.6 91.9 92.8 93.4 93.3 93.4 94.6 95.1 95.6 | 90.6 92.1 93.4 95.1 | 92.8
1988 | 95.4 95.8 95.7 96.7 96.6 96.6 97.3 97.5 97.7 97.9 98.9 99.4 | 95.6 96.6 97.5 98.7 | 97.1
1989 | 100.3 99.1 99.9 100.0 99.4 99.4 98.3 98.7 98.4 97.8 98.2 98.3 | 99.8 99.6 98.5 98.1 | 99.0
1990 | 98.1 99.0 99.3 98.6 99.0 98.9 98.8 99.1 99.0 98.4 97.2 96.6 | 98.8 98.8 99.0 97.4 | 98.5
| | |
1991 | 95.8 95.1 94.1 94.4 95.0 96.3 96.6 96.8 97.8 97.8 97.6 97.1 | 95.0 95.2 97.0 97.5 | 96.2
1992 | 97.4 98.1 98.9 99.6 100.0 99.8 100.5 100.2 100.6 101.3 101.9 101.7 | 98.1 99.8 100.4 101.6 | 100.0
1993 | 102.7 102.9 103.0 103.6 103.1 103.1 103.5 103.2 104.4 104.6 105.2 106.0 | 102.9 103.3 103.7 105.3 | 103.8
1994 | 106.2 106.8 107.7 108.5 109.4 109.6 110.4 110.9 111.2 112.2 113.2 114.3 | 106.9 109.2 110.8 113.2 | 110.0
1995 | 115.1 114.9 115.1 115.1 115.3 115.8 115.5 116.6 117.5 117.0 117.0 116.9 | 115.0 115.4 116.5 116.9 | 116.0
| | |
1996 | 116.7 118.1 117.4 119.0 119.7 120.4 120.9 121.1 121.5 121.5 122.5 123.1 | 117.4 119.7 121.1 122.4 | 120.2
1997 | 123.5 124.4 124.9 125.4 125.7 126.1 126.9 127.9 128.0 129.1 130.4 130.9 | 124.2 125.7 127.6 130.1 | 127.0
1998 | 131.1 130.6 130.8 131.6 131.7 130.0 129.6 131.8 131.0 131.4 | 130.8 131.1 130.8 |
| | |
Capacity | | |
1986 | 111.0 111.2 111.4 111.6 111.7 111.9 112.1 112.3 112.5 112.7 112.9 113.0 | 111.2 111.7 112.3 112.9 | 112.0
1987 | 113.2 113.4 113.6 113.8 113.9 114.1 114.2 114.4 114.6 114.7 114.9 115.0 | 113.4 113.9 114.4 114.9 | 114.1
1988 | 115.2 115.3 115.4 115.6 115.7 115.8 116.0 116.1 116.3 116.5 116.6 116.8 | 115.3 115.7 116.1 116.6 | 115.9
1989 | 117.0 117.3 117.5 117.8 118.0 118.3 118.5 118.7 119.0 119.2 119.5 119.7 | 117.3 118.0 118.7 119.5 | 118.4
1990 | 119.9 120.1 120.3 120.5 120.7 120.9 121.1 121.3 121.5 121.7 122.0 122.2 | 120.1 120.7 121.3 122.0 | 121.0
| | |
1991 | 122.4 122.6 122.8 123.0 123.1 123.3 123.5 123.7 123.8 124.0 124.2 124.3 | 122.6 123.1 123.7 124.2 | 123.4
1992 | 124.6 124.8 125.1 125.3 125.6 125.8 126.1 126.3 126.6 126.8 127.0 127.3 | 124.8 125.6 126.3 127.0 | 125.9
1993 | 127.6 127.8 128.1 128.3 128.6 128.9 129.1 129.4 129.7 129.9 130.2 130.5 | 127.8 128.6 129.4 130.2 | 129.0
1994 | 130.9 131.3 131.8 132.2 132.7 133.2 133.6 134.1 134.6 135.1 135.5 136.0 | 131.3 132.7 134.1 135.5 | 133.4
1995 | 136.6 137.2 137.8 138.5 139.1 139.8 140.4 141.1 141.7 142.4 143.0 143.7 | 137.2 139.2 141.1 143.0 | 140.1
| | |
1996 | 144.3 144.9 145.6 146.2 146.8 147.4 148.0 148.6 149.2 149.8 150.4 151.0 | 144.9 146.8 148.6 150.4 | 147.7
1997 | 151.6 152.3 152.9 153.6 154.3 155.0 155.7 156.3 157.0 157.6 158.3 159.0 | 152.3 154.3 156.3 158.3 | 155.3
1998 | 159.7 160.4 161.1 161.7 162.4 163.0 163.6 164.2 164.9 165.5 | 160.4 162.4 164.2 |
| | |
Utilization | | |
1986 | 79.1 78.6 77.8 78.7 78.5 78.1 78.2 78.6 78.4 78.9 79.1 79.9 | 78.5 78.5 78.4 79.3 | 78.7
1987 | 79.1 80.2 80.3 80.6 80.7 81.4 81.8 81.5 81.5 82.5 82.8 83.1 | 79.9 80.9 81.6 82.8 | 81.3
1988 | 82.9 83.1 82.9 83.7 83.5 83.4 83.8 84.0 84.0 84.1 84.8 85.1 | 83.0 83.5 83.9 84.7 | 83.8
1989 | 85.7 84.5 85.0 85.0 84.2 84.1 83.0 83.1 82.7 82.1 82.2 82.1 | 85.1 84.4 82.9 82.1 | 83.6
1990 | 81.8 82.5 82.6 81.8 82.0 81.8 81.6 81.7 81.5 80.9 79.7 79.0 | 82.3 81.9 81.6 79.9 | 81.4
| | |
1991 | 78.2 77.5 76.6 76.8 77.1 78.1 78.2 78.2 79.0 78.9 78.6 78.1 | 77.5 77.3 78.5 78.5 | 77.9
1992 | 78.2 78.6 79.1 79.5 79.6 79.4 79.7 79.3 79.5 79.9 80.2 79.9 | 78.6 79.5 79.5 80.0 | 79.4
1993 | 80.5 80.5 80.4 80.7 80.2 80.0 80.2 79.8 80.5 80.5 80.8 81.3 | 80.5 80.3 80.1 80.8 | 80.5
1994 | 81.1 81.3 81.7 82.1 82.4 82.3 82.6 82.7 82.6 83.0 83.5 84.1 | 81.4 82.3 82.6 83.5 | 82.5
1995 | 84.3 83.7 83.5 83.1 82.9 82.8 82.3 82.6 82.9 82.2 81.8 81.3 | 83.8 82.9 82.6 81.8 | 82.8
| | |
1996 | 80.8 81.5 80.6 81.4 81.6 81.7 81.7 81.5 81.4 81.1 81.5 81.5 | 81.0 81.6 81.5 81.4 | 81.4
1997 | 81.4 81.7 81.6 81.6 81.4 81.3 81.5 81.8 81.6 81.9 82.3 82.3 | 81.6 81.5 81.6 82.2 | 81.7
1998 | 82.1 81.4 81.2 81.4 81.1 79.7 79.2 80.3 79.5 79.4 | 81.6 80.7 79.7 |
-------------------------------------------------------------------------------------------------------------------------------------------
<1> Quarterly percent changes are at annual rates. Annual percentage changes are calculated from annual averages.
<2> Annual averages of industrial production are calculated from not seasonally adjusted indexes.
Table 6
INDUSTRIAL PRODUCTION: INDUSTRY SUBTOTALS AND INDIVIDUAL SERIES
| | Index, 1992 = 100
| 1997 | Seasonally adjusted | Not seasonally adjusted
| IP | 1998 | 1998
|Proportion<1>| Apr. May June July Aug. Sept. | Apr. May June July Aug. Sept.
--------------------------------------------------------------------------------------------------------------------------------------------------------
| | |
Metal mining 10 | .42 | 103.0 104.7 105.3 101.6 106.3 105.1 | 101.8 104.7 108.1 103.0 108.2 108.2
Iron ore 101 | .06 | 116.1 114.3 119.0 105.9 116.0 108.3 | 106.5 117.6 122.5 114.0 124.6 117.0
Nonferrous ores 102-4,8,9 | .36 | 101.0 103.2 103.1 100.9 104.8 104.7 | 101.2 102.7 106.0 101.4 105.7 107.0
Copper 102 | .12 | 103.0 108.7 99.0 103.5 110.0 103.4 | 103.2 105.9 104.0 103.5 111.7 105.3
| | |
Coal mining 12 | .86 | 110.6 118.2 112.0 116.3 112.7 116.0 | 110.4 111.6 111.1 108.0 116.5 118.8
| | |
Oil and gas extraction 13 | 4.53 | 105.3 104.6 102.3 102.2 101.7 100.0 | 104.8 104.1 101.7 101.2 100.6 99.4
Crude oil and natural gas 131 | 3.44 | 98.2 97.8 97.0 98.3 97.8 96.4 | 98.0 97.5 96.2 96.7 96.3 95.3
Crude oil, total | 1.83 | 88.3 86.5 85.8 87.5 86.7 84.6 | 88.1 86.7 85.3 85.8 85.5 83.9
Natural gas | 1.61 | 111.8 113.4 112.5 113.3 113.2 112.8 | 111.6 112.6 111.4 111.8 111.3 111.0
Natural gas liquids 132 | .23 | 110.5 107.5 102.6 93.7 101.1 101.0 | 110.2 107.6 102.8 93.9 101.4 102.1
Oil and gas well drilling 138 | .86 | 150.5 148.1 137.5 132.1 128.1 124.2 | 147.7 146.4 137.8 134.9 129.9 126.3
| | |
Stone and earth minerals 14 | .60 | 120.8 125.6 127.7 127.0 128.9 126.2 | 101.3 136.3 148.7 147.0 151.8 147.9
| | |
Foods 20 | 9.30 | 112.2 112.3 110.5 110.7 109.6 109.2 | 107.7 109.8 112.9 113.2 116.5 117.4
Meat products 201 | 1.32 | 118.9 115.9 112.9 116.8 116.2 114.7 | 117.0 115.7 116.9 113.0 119.0 117.3
Beef | .43 | 114.1 112.3 109.2 110.4 113.4 110.0 | 109.2 113.4 117.5 111.0 118.9 114.7
Pork | .27 | 110.3 106.3 104.7 115.0 111.6 109.6 | 109.4 101.3 100.8 102.5 107.3 111.0
Poultry | .61 | 131.2 127.6 124.0 126.7 124.8 124.8 | 130.0 128.2 128.1 123.2 128.6 125.7
Miscellaneous meats | .01 | 81.4 78.2 74.3 75.4 75.2 76.9 | 83.4 73.8 72.3 69.2 71.9 76.0
Dairy products 202 | .80 | 104.2 104.5 103.3 104.0 104.1 103.4 | 112.1 113.0 112.6 105.4 101.1 97.8
Butter 2021 | .01 | 78.2 80.6 71.8 74.1 74.6 72.1 | 91.0 83.8 64.1 56.8 55.4 59.1
Cheese 2022 | .19 | 119.2 115.3 116.4 117.1 113.7 110.0 | 120.8 119.1 120.8 111.7 108.7 109.6
Concentrated milk 2023 | .14 | 82.4 83.7 83.9 85.3 85.7 83.7 | 100.7 101.1 94.8 81.5 71.3 64.7
Frozen desserts 2024 | .13 | 114.4 117.7 112.3 112.7 116.4 121.7 | 125.5 131.6 143.3 139.9 134.4 121.4
Milk and misc. dairy products 2026 | .33 | 104.5 105.4 104.0 104.4 104.9 104.2 | 109.1 110.0 107.8 103.3 101.6 100.8
| | |
Canned and frozen food 203 | 1.21 | 107.0 105.1 104.4 103.8 100.6 100.0 | 97.5 98.2 101.8 106.1 117.7 123.2
Grain mill products 204 | 1.37 | 120.1 120.3 118.3 120.7 117.2 117.1 | 114.5 117.4 117.0 120.0 119.9 123.0
Bakery products 205 | .99 | 103.9 104.7 102.0 103.1 100.9 100.5 | 97.9 101.6 106.9 112.4 112.1 112.7
Sugar and confectionery 206 | .61 | 113.0 113.7 112.7 109.2 110.8 105.7 | 95.5 97.9 100.7 97.9 106.6 110.9
Fats and oils 207 | .25 | 108.6 106.2 104.9 109.7 102.6 106.8 | 108.9 102.0 100.9 99.5 96.1 103.5
Beverages 208 | 1.68 | 112.6 115.6 113.6 111.3 112.2 113.3 | 112.1 116.7 123.1 121.4 123.7 121.9
Beer and ale 2082,3 | .54 | 99.7 105.2 99.9 96.2 98.1 102.4 | 109.6 114.4 113.8 107.1 104.3 97.2
Soft drinks 2086,7 | .94 | 125.3 127.2 127.1 125.0 125.5 125.0 | 117.9 124.1 135.8 140.5 143.6 144.2
Coffee and miscellaneous 209 | 1.06 | 116.1 117.5 115.8 113.9 114.4 114.5 | 107.3 112.6 118.2 121.6 125.5 125.3
Roasted coffee 2095 | .13 | 90.7 96.5 87.9 88.4 89.7 | 82.0 90.5 77.6 81.4 90.4
| | |
Tobacco products 21 | 1.30 | 114.0 114.0 112.5 113.9 115.0 112.0 | 110.3 108.7 127.8 97.1 126.5 114.6
| | |
Textile mill products 22 | 1.52 | 109.2 111.2 108.3 109.3 109.9 109.2 | 112.9 113.8 113.7 106.7 114.1 112.0
Fabrics 221-4 | .38 | 109.4 107.2 108.3 108.3 106.7 108.1 | 112.3 112.0 109.3 100.5 109.0 106.1
Cotton and synthetic 221,2 | .31 | 110.1 108.0 109.6 109.2 | 112.5 112.5 109.4 100.5
Narrow fabrics 224 | .04 | 113.0 109.1 107.9 110.4 110.6 111.7 | 109.3 110.1 111.9 106.2 111.9 111.8
Knit goods 225 | .42 | 113.7 112.9 111.7 111.2 112.9 113.0 | 113.8 118.2 125.0 112.9 122.0 122.5
Knit garments 2253,4,7-9 | .31 | 118.5 116.7 114.7 114.3 117.1 117.5 | 113.2 121.3 126.3 119.2 134.3 132.1
Fabric finishing 226 | .13 | 92.9 93.6 92.1 89.9 | 97.1 98.3 90.7 81.9
Carpeting 227 | .19 | 107.1 124.6 107.8 115.5 117.2 112.4 | 124.9 113.8 113.3 122.5 117.6 117.2
Yarns and miscellaneous 228,9 | .40 | 111.9 113.9 111.7 113.2 114.2 112.5 | 112.9 117.3 115.6 108.5 116.5 113.3
Cotton and synthetic yarns 2281,2,4 | .19 | 101.6 105.2 101.6 106.6 105.8 102.2 | 105.8 110.8 106.1 99.4 108.7 102.1
| | |
Apparel products 23 | 1.77 | 98.3 97.0 97.4 97.0 95.7 95.2 | 94.9 97.4 100.1 95.6 98.6 96.1
| | |
Lumber and products 24 | 2.08 | 116.7 117.3 117.9 118.2 119.9 118.4 | 116.9 115.9 121.6 116.6 123.6 122.4
Logging and lumber 241,2 | .82 | 107.9 106.8 108.3 106.8 112.3 109.6 | 106.6 103.0 113.0 105.7 115.4 115.0
Logging 241 | .28 | 88.2 90.2 90.5 90.6 90.7 88.1 | 81.4 86.3 93.0 95.1 97.2 91.3
Lumber products 243-5,9 | 1.26 | 123.3 125.2 125.1 126.7 125.7 125.1 | 124.7 125.6 128.2 124.9 129.8 128.2
Millwork and plywood 243 | .68 | 122.3 122.7 124.1 125.5 124.0 123.9 | 120.9 123.8 127.5 127.7 128.1 125.6
Plywood 2435,6 | .15 | 105.2 102.4 103.1 106.3 101.9 101.9 | 104.9 104.6 106.1 104.0 105.5 105.2
Manufactured homes 245 | .21 | 146.9 148.6 142.9 153.2 144.3 | 154.6 153.0 155.1 137.7 158.4
--------------------------------------------------------------------------------------------------------------------------------------------------------
<1> The IP proportion data are estimates of the industries' relative contributions to overall IP growth in the following year.
Note: Estimates for July to September are revised.
Table 6 (continued)
INDUSTRIAL PRODUCTION: INDUSTRY SUBTOTALS AND INDIVIDUAL SERIES
| | Index, 1992 = 100
| 1997 | Seasonally adjusted | Not seasonally adjusted
| IP | 1998 | 1998
|Proportion<1>| Apr. May June July Aug. Sept. | Apr. May June July Aug. Sept.
--------------------------------------------------------------------------------------------------------------------------------------------------------
| | |
Furniture and fixtures 25 | 1.39 | 122.3 121.9 123.1 121.7 120.7 122.5 | 120.3 118.4 124.2 120.2 129.3 129.0
Household furniture 251 | .63 | 120.5 121.6 123.1 119.6 119.9 122.2 | 121.3 117.9 123.9 112.8 126.4 128.0
| | |
Paper and products 26 | 3.42 | 113.2 112.7 112.1 115.0 113.0 111.9 | 114.0 111.1 113.6 113.7 114.0 111.6
Pulp and paper 261-3 | 1.57 | 112.7 111.5 111.6 114.4 112.6 111.1 | 112.6 110.6 113.2 113.7 113.2 110.5
Wood pulp 261 | .14 | 102.2 104.5 99.5 102.1 101.5 98.2 | 103.1 102.0 100.3 104.6 101.1 97.6
Paper 262 | .93 | 110.5 109.7 109.3 111.5 110.7 110.3 | 110.5 108.3 109.8 110.5 111.8 109.1
Paperboard 263 | .51 | 120.0 117.0 119.6 123.8 119.4 116.5 | 119.4 117.6 123.6 122.7 119.2 116.9
Paper products 265,7 | 1.85 | 113.4 113.5 112.4 115.3 113.2 112.4 | 115.0 111.3 113.8 113.5 114.4 112.4
Paperboard containers 265 | .63 | 116.6 119.4 118.4 118.9 118.5 118.4 | 120.9 114.5 121.8 117.5 119.7 119.7
Converted paper products 267 | 1.22 | 111.6 110.4 109.2 113.4 110.4 109.3 | 111.7 109.4 109.5 111.2 111.5 108.5
| | |
Printing and publishing 27 | 6.58 | 104.8 104.5 103.2 103.2 102.9 103.2 | 102.9 101.4 104.4 107.4 109.3 109.0
Newspapers 271 | 1.53 | 98.3 98.4 97.2 96.2 96.4 96.9 | 103.2 96.1 95.5 93.4 91.7 96.8
Periodicals, books, and cards 272,3,7 | 2.08 | 105.2 104.7 103.9 105.1 106.5 105.6 | 106.1 104.6 103.3 104.7 107.2 104.6
Job printing 274-6,8,9 | 2.97 | 108.0 107.6 106.0 105.8 103.9 104.9 | 100.4 102.0 110.1 116.9 120.4 118.7
| | |
Chemicals and products 28 | 10.01 | 118.7 118.0 117.8 117.3 115.3 115.2 | 116.5 116.3 121.0 121.8 120.6 121.3
Industrial chemicals and | | |
synthetic materials 281,2,6 | 3.83 | 114.3 112.9 111.8 111.2 109.3 109.7 | 116.6 113.2 112.9 110.2 108.9 110.2
Basic chemicals 281 | .75 | 92.3 91.0 88.4 84.3 81.8 83.9 | 92.7 89.7 90.1 82.3 82.6 85.1
Alkalies and chlorine 2812 | .08 | 112.8 121.3 109.0 116.1 114.8 | 112.4 117.8 110.7 115.9 117.0
Inorganic pigments 2816 | .08 | 101.4 88.5 97.4 94.8 87.7 92.6 | 104.3 90.3 100.7 91.8 87.2 91.1
Inorganic chemicals, nec 2819 | .46 | 85.2 84.5 81.0 74.7 72.7 75.9 | 85.5 82.7 82.9 72.4 73.4 77.5
Acids and other | .35 | 105.5 105.0 104.9 100.3 96.8 96.9 | 106.0 102.2 108.0 96.8 97.8 99.4
| | |
Synthetic materials 282 | 1.41 | 126.5 124.0 123.1 127.1 125.1 124.7 | 130.4 125.4 125.2 124.7 123.6 124.8
Plastics materials 2821 | .92 | 132.7 130.7 129.5 134.6 135.2 | 137.5 132.0 131.3 131.8 132.8
Synthetic fibers 2823,4 | .35 | 114.6 107.3 109.3 110.9 107.1 110.3 | 115.1 108.2 111.1 109.2 105.6 110.6
Industrial organic chemicals 286 | 1.67 | 117.8 117.1 116.8 114.3 113.0 113.0 | 119.8 117.6 116.7 115.0 112.8 113.3
| | |
Chemical products 283-5,9 | 5.56 | 123.5 122.9 123.2 122.3 119.8 119.6 | 117.4 119.5 128.6 131.9 130.3 130.5
Drugs and medicines 283 | 3.01 | 125.0 125.0 123.5 123.0 119.7 120.5 | 116.4 120.2 130.1 135.0 132.1 134.7
Soap and toiletries 284 | 1.52 | 122.0 119.7 123.4 122.3 119.6 117.6 | 115.5 114.8 125.9 130.5 130.1 127.7
Paints 285 | .41 | 111.3 111.8 111.8 110.7 110.4 111.2 | 120.2 122.1 128.3 116.3 117.2 115.8
Agricultural chemicals 287 | .62 | 103.4 106.2 107.0 110.6 111.4 110.4 | 107.1 107.2 104.9 107.2 108.5 109.7
| | |
Petroleum products 29 | 1.82 | 114.4 112.8 113.1 115.0 115.6 113.4 | 112.5 114.7 117.7 119.7 121.0 118.2
Petroleum refining and misc. 291,9 | 1.65 | 111.6 109.9 110.2 111.8 112.3 109.5 | 110.7 111.8 114.2 115.8 116.2 112.9
Miscellaneous petroleum products | .39 | 111.7 109.1 108.0 112.1 112.7 111.8 | 113.2 116.6 121.6 127.1 128.6 122.5
Distillate fuel oil | .29 | 116.0 117.5 118.3 121.9 117.5 | 116.0 118.5 118.6 120.5 116.8
Residual fuel oil | .05 | 100.8 89.9 86.7 92.3 86.9 | 95.5 86.6 83.9 87.7 87.2
Aviation fuel and kerosene | .15 | 113.5 111.7 112.7 106.2 118.5 | 108.1 107.0 111.4 107.8 117.7
Automotive gasoline | .76 | 110.1 108.6 109.5 110.3 110.8 | 109.3 110.1 112.4 112.5 112.0
Paving and roofing materials 295 | .18 | 138.8 138.6 138.9 142.4 145.4 148.4 | 127.2 141.0 149.2 155.1 165.1 167.5
| | |
Rubber and plastics products 30 | 3.65 | 131.9 131.5 130.9 131.1 130.8 131.2 | 129.0 131.2 133.0 126.9 132.1 132.2
Tires 301 | .32 | 127.2 135.4 120.8 126.5 136.4 127.7 | 129.1 132.7 126.0 109.8 137.0 127.7
Other rubber products 302,5,6 | .63 | 128.3 127.1 127.8 125.3 123.7 128.0 | 126.0 125.2 131.6 126.2 130.6 133.7
Plastics products, nec 308 | 2.70 | 133.5 132.3 133.1 133.2 132.0 132.6 | 129.9 132.7 134.4 129.2 132.1 132.5
| | |
Leather and products 31 | .18 | 67.7 67.3 66.3 66.3 66.0 65.7 | 67.1 67.8 68.2 63.6 67.4 66.3
Shoes 314 | .07 | 62.2 61.9 61.8 61.6 60.3 60.2 | 60.7 62.4 63.7 60.0 62.6 60.4
| | |
Stone, clay, and glass products 32 | 2.24 | 120.2 120.4 119.2 121.3 122.8 122.6 | 120.3 121.5 123.6 122.3 127.6 126.8
Pressed and blown glass 322 | .30 | 104.9 103.1 103.8 104.2 103.2 106.2 | 106.2 105.1 107.8 105.8 106.8 106.5
Glass containers 3221 | .11 | 76.9 75.0 72.8 76.4 78.0 80.2 | 80.0 78.4 79.6 80.0 80.7 77.6
Cement 324 | .19 | 132.9 128.8 128.2 133.0 127.1 | 132.6 141.2 155.0 152.1 155.8
| | |
Structural clay products 325 | .12 | 120.7 121.1 121.5 123.7 125.6 126.1 | 125.5 128.9 131.3 118.0 129.9 127.3
Concrete and miscellaneous 326-9 | 1.35 | 123.6 124.5 122.7 126.2 129.4 127.6 | 123.7 123.8 124.7 125.6 131.6 130.7
--------------------------------------------------------------------------------------------------------------------------------------------------------
<1> The IP proportion data are estimates of the industries' relative contributions to overall IP growth in the following year.
Note: Estimates for July to September are revised.
Table 6 (continued)
INDUSTRIAL PRODUCTION: INDUSTRY SUBTOTALS AND INDIVIDUAL SERIES
| | Index, 1992 = 100
| 1997 | Seasonally adjusted | Not seasonally adjusted
| IP | 1998 | 1998
|Proportion<1>| Apr. May June July Aug. Sept. | Apr. May June July Aug. Sept.
--------------------------------------------------------------------------------------------------------------------------------------------------------
| | |
Primary metals 33 | 3.47 | 128.2 125.5 122.4 122.8 124.7 120.5 | 130.0 126.6 122.7 117.6 122.0 121.4
Iron and steel 331,2 | 1.86 | 126.4 124.0 119.9 119.9 122.0 113.4 | 130.0 125.6 120.0 115.7 118.5 114.6
Basic steel and mill products 331 | 1.43 | 127.7 125.6 120.3 121.2 123.0 112.6 | 131.0 127.8 120.8 117.8 119.9 113.0
Basic iron and steel | .28 | 111.0 110.0 103.8 105.3 107.5 101.8 | 111.3 109.7 104.0 102.8 105.2 100.9
Pig iron | .16 | 109.7 108.6 101.0 102.8 104.7 99.5 | 108.4 107.9 101.3 100.7 102.6 98.2
Raw steel | .09 | 122.8 122.3 115.9 117.2 120.4 113.1 | 125.3 122.5 116.1 112.3 116.3 112.1
| | |
Steel mill products | 1.15 | 132.6 130.2 125.1 125.9 127.6 115.7 | 136.8 133.2 125.7 122.2 124.2 116.6
Consumer durable steel | .18 | 135.1 130.4 115.5 109.6 131.4 126.0 | 140.6 139.3 115.9 87.9 128.0 128.6
Equipment steel | .12 | 132.2 126.2 118.4 118.6 117.3 105.3 | 134.6 126.6 117.4 112.5 113.0 107.2
Construction steel | .14 | 158.8 159.0 158.0 165.1 155.2 141.6 | 158.2 161.5 157.8 167.5 155.3 147.2
Can and closure steel | .04 | 105.7 96.9 104.0 102.5 99.9 97.7 | 102.8 100.3 103.7 103.7 101.4 98.4
Miscellaneous steel | .66 | 129.9 128.7 125.0 126.7 126.0 112.1 | 134.9 130.1 125.7 126.2 121.4 111.0
Iron and steel foundries 332 | .43 | 121.9 118.4 118.3 115.2 118.2 115.6 | 126.3 118.1 117.1 108.8 113.8 119.0
| | |
Nonferrous metals 333-6,9 | 1.61 | 130.4 127.4 125.4 126.4 128.0 128.8 | 130.1 127.9 125.8 119.9 126.0 129.5
Primary nonferrous metals 333 | .27 | 111.6 108.4 106.4 112.8 111.1 110.6 | 112.5 107.8 105.0 110.2 108.1 110.5
Copper 3331 | .08 | 133.9 121.7 122.8 133.7 130.1 127.8 | 134.7 118.1 121.7 126.8 129.2 130.1
Aluminum 3334 | .14 | 92.1 92.3 92.6 93.3 93.6 93.8 | 92.0 92.2 92.6 93.1 92.9 93.2
| | |
Nonferrous products 335,6 | 1.08 | 129.3 125.3 123.3 121.9 124.8 126.6 | 127.8 126.5 124.3 114.3 123.8 126.8
Nonferrous mill products 335 | .78 | 123.5 118.7 117.6 117.1 117.6 119.4 | 123.4 120.3 118.8 109.7 117.0 120.6
Aluminum 3353-5 | .26 | 111.9 106.7 106.6 110.1 104.0 105.8 | 116.8 107.7 110.4 102.8 104.2 108.8
Nonferrous foundries 336 | .30 | 148.7 147.3 142.5 138.1 149.0 150.4 | 142.7 147.2 142.6 129.9 146.6 147.7
| | |
Fabricated metal products 34 | 5.25 | 125.6 126.4 125.7 125.4 124.0 123.3 | 122.0 125.0 127.9 124.3 127.4 127.1
Metal containers 341 | .16 | 104.3 100.2 101.5 100.8 96.0 95.8 | 102.1 110.6 119.9 110.6 113.7 100.1
Hardware, tools, and cutlery 342 | .55 | 122.7 124.8 122.1 122.7 120.2 119.8 | 118.6 121.7 124.9 125.2 126.8 126.8
Hardware and tools 3423,5,9 | .47 | 122.0 124.4 121.4 122.6 118.9 117.4 | 118.0 121.1 124.5 126.0 126.4 125.3
Structural metal products 344 | 1.43 | 124.8 126.4 126.4 126.7 125.0 124.2 | 121.0 125.2 127.6 127.1 127.5 125.2
Other fabricated metal products 345-9 | 2.90 | 129.0 129.2 128.6 127.9 127.3 126.6 | 126.8 128.6 130.4 124.8 128.7 129.4
Fasteners, stampings, etc. 345-7 | 1.64 | 134.6 135.8 134.8 132.8 133.4 133.1 | 133.4 134.9 137.9 130.4 136.9 139.5
| | |
Industrial machinery | | |
and equipment 35 | 8.66 | 186.3 188.2 190.5 192.4 192.1 190.9 | 184.8 188.5 197.5 191.0 194.4 197.6
Engines and turbines 351 | .43 | 120.4 118.5 115.4 112.8 123.3 123.4 | 115.9 119.3 114.9 110.4 118.9 123.1
Farm 352 | .52 | 156.9 159.3 162.6 169.4 133.4 150.6 | 165.2 167.0 165.9 123.2 121.0 150.0
Construction and allied 353 | .94 | 161.8 162.9 176.9 181.0 190.2 171.9 | 163.5 166.8 185.3 159.9 177.2 174.0
Metalworking 354 | 1.13 | 136.9 135.4 137.1 139.0 134.7 133.8 | 132.9 132.5 140.3 144.3 145.4 144.0
Special industry machinery 355 | .91 | 150.9 146.0 148.7 147.5 146.4 144.3 | 146.9 146.4 148.3 142.9 143.5 141.4
General industrial machinery 356 | 1.12 | 126.5 126.1 127.8 126.3 124.9 124.1 | 122.5 125.0 130.1 127.1 131.0 129.9
Bearings and gears 3562,6,8 | .33 | 122.3 122.6 121.2 119.0 119.4 116.0 | 115.5 122.3 120.8 114.7 117.1 113.7
Equipment 3561,3-5,7,9 | .79 | 128.4 127.7 130.7 129.5 127.3 127.6 | 125.6 126.1 134.2 132.4 137.1 137.0
Computer and office equip. 357 | 1.48 | 520.1 535.1 550.0 562.5 579.2 598.8 | 503.8 520.8 578.1 614.6 606.4 625.0
Service industry machines 358 | .82 | 139.3 152.0 141.8 147.1 152.6 145.8 | 150.9 160.2 153.1 140.1 137.5 142.3
Refrig. and heating equip. 3585 | .56 | 139.2 158.2 142.9 149.3 158.1 147.1 | 158.6 169.6 158.8 140.7 135.6 143.6
Miscellaneous machinery 359 | 1.31 | 156.2 155.8 154.7 153.7 151.9 153.7 | 152.0 152.9 159.5 161.2 163.5 164.9
| | |
Electrical machinery 36 | 8.33 | 257.5 257.5 257.4 259.6 260.1 260.0 | 250.6 254.2 258.9 254.4 262.6 262.2
Major electrical and parts 361,2 | .98 | 122.1 122.3 122.2 120.7 119.8 121.4 | 119.2 120.4 125.4 125.7 127.2 128.8
Electric distribution equip. 361 | .33 | 119.7 120.6 119.0 120.3 121.4 120.0 | 113.5 116.4 121.3 126.2 134.0 131.4
Household appliances 363 | .44 | 130.6 133.5 127.5 134.2 130.9 125.8 | 129.3 131.9 131.9 120.4 132.9 129.9
Cooking equipment 3631 | .08 | 127.6 134.6 126.7 141.5 138.0 125.2 | 125.1 133.7 129.6 121.8 140.9 130.8
Refrigerators and freezers 3632 | .07 | 136.4 131.4 127.1 131.5 123.8 122.3 | 139.9 141.3 141.7 129.5 128.3 129.3
Laundry 3633 | .08 | 145.9 148.3 137.6 147.9 130.9 131.5 | 148.6 141.8 141.6 116.8 134.4 137.2
Miscellaneous 3634,5,9 | .21 | 123.6 127.8 123.6 126.4 129.7 124.5 | 119.5 123.6 125.3 117.2 129.8 126.5
Electrical housewares 3634 | .05 | 108.3 104.0 102.8 99.1 102.4 99.1 | 96.5 102.5 104.2 95.7 103.2 104.0
Appliances, nec 3639 | .11 | 149.1 161.3 152.2 159.1 163.3 152.7 | 149.2 157.5 155.6 136.0 158.0 150.2
| | |
Audio and video equipment 365 | .13 | 94.5 67.1 63.5 68.1 60.6 58.5 | 85.8 65.0 61.5 62.3 63.4 63.3
Communication equipment 366 | 2.05 | 187.4 187.0 189.9 190.0 190.3 189.7 | 181.7 184.0 188.0 185.0 190.2 187.1
Electronic components 367 | 3.44 | 572.7 578.0 578.4 584.8 592.9 598.5 | 561.0 574.7 580.1 574.1 593.2 593.2
Semiconductors 3672-9 | 3.37 | 593.4 599.2 599.6 605.3 615.9 621.7 | 581.1 595.2 602.1 594.5 613.3 614.5
Misc. electrical supplies 369 | .64 | 130.3 129.7 127.1 124.3 125.6 122.6 | 123.0 124.4 127.4 118.4 126.7 128.2
Storage batteries 3691 | .10 | 134.0 142.0 140.3 124.7 136.3 120.4 | 113.2 116.0 138.8 117.9 140.4 161.9
| | |
Transportation equipment 37 | 8.95 | 119.4 120.7 110.8 103.7 126.6 123.7 | 122.1 125.6 112.5 88.9 127.2 124.8
Motor vehicles and parts 371 | 5.16 | 138.3 140.2 120.2 104.7 151.1 146.2 | 146.3 150.6 122.9 76.2 154.1 149.8
Autos | 1.33 | 100.9 101.9 88.2 71.3 117.1 120.8 | 106.1 112.2 90.0 50.1 118.7 122.3
Trucks and truck trailers | 1.65 | 167.6 170.4 145.4 116.7 177.1 157.8 | 177.4 182.3 148.5 84.4 176.0 170.6
Trucks and buses | 1.57 | 167.6 169.7 143.9 112.8 175.3 155.9 | 177.4 182.1 146.8 79.5 174.4 168.9
Consumer trucks | .93 | 176.0 179.4 144.1 111.6 181.5 163.5 | 183.6 190.0 146.1 70.1 175.7 178.4
Business trucks | .63 | 158.4 158.8 145.5 116.0 169.5 148.0 | 168.6 170.9 147.4 91.9 172.3 155.8
Motor vehicle parts 3714 | 2.12 | 148.2 150.7 128.2 123.4 160.4 158.5 | 156.8 160.4 131.7 90.5 168.4 157.3
Motor homes 3716 | .06 | 126.9 121.7 122.8 122.5 141.5 149.9 | 152.5 121.1 120.0 122.0 130.8 143.3
| | |
transportation equipment 372-6,9 | 3.79 | 100.7 101.4 101.1 102.1 102.6 101.7 | 98.4 101.1 101.8 99.9 101.1 100.3
Aircraft and parts 372 | 2.66 | 109.1 109.7 109.3 110.6 111.4 110.7 | 106.3 109.2 110.1 108.1 109.8 110.1
Ships and boats 373 | .38 | 86.2 88.8 87.9 92.3 91.2 88.8 | 83.5 89.0 87.5 88.8 88.8 86.9
Railroad and miscellaneous 374-6,9 | .76 | 81.9 82.1 82.6 80.8 81.3 80.3 | 81.4 82.1 83.3 80.2 80.1 77.2
--------------------------------------------------------------------------------------------------------------------------------------------------------
<1> The IP proportion data are estimates of the industries' relative contributions to overall IP growth in the following year.
Note: Estimates for July to September are revised.
Table 6 (continued)
INDUSTRIAL PRODUCTION: INDUSTRY SUBTOTALS AND INDIVIDUAL SERIES
| | Index, 1992 = 100
| 1997 | Seasonally adjusted | Not seasonally adjusted
| IP | 1998 | 1998
|Proportion<1>| Apr. May June July Aug. Sept. | Apr. May June July Aug. Sept.
--------------------------------------------------------------------------------------------------------------------------------------------------------
| | |
Instruments 38 | 4.68 | 110.4 110.6 109.3 109.1 110.2 110.4 | 107.5 108.5 110.9 110.8 112.5 112.7
Scientific and medical 381-4 | 3.83 | 109.3 110.5 109.0 109.2 110.2 110.7 | 106.1 108.1 110.9 111.3 113.0 113.4
Medical instruments 384 | 1.42 | 112.0 115.2 112.2 112.7 113.5 114.9 | 107.0 110.8 117.8 122.4 124.0 126.1
| | |
Misc. manufactures 39 | 1.37 | 129.1 127.3 126.8 127.0 125.9 125.6 | 125.4 126.3 127.0 123.0 126.4 126.0
Consumer goods 391,3,4,6 | .67 | 124.0 122.0 121.6 121.5 119.1 118.3 | 121.5 120.9 120.6 115.0 118.1 118.6
Business supplies 395,9 | .70 | 134.4 132.7 132.0 132.4 132.8 132.9 | 129.4 131.7 133.5 131.1 134.6 133.4
| | |
Electric utilities 491,3pt | 6.08 | 114.2 118.8 120.5 119.5 120.4 122.9 | 102.8 110.1 124.8 135.4 134.9 125.2
Generation | 2.47 | 112.3 116.9 118.4 116.4 115.6 119.3 | 102.9 112.2 125.4 129.9 126.5 116.8
Fossil fuel | 1.18 | 112.8 120.7 122.9 119.6 119.9 | 99.4 111.1 129.2 139.8 139.6
Hydro and nuclear | 1.29 | 112.2 113.6 114.5 113.6 112.0 | 106.4 113.5 122.2 121.4 115.1
| | |
Sales | 3.60 | 115.5 120.2 122.1 121.8 123.9 125.5 | 102.8 108.8 124.6 139.6 141.2 131.5
Residential | 1.51 | 115.4 121.7 128.0 129.2 130.6 | 95.4 99.8 126.9 155.8 154.2
Nonresidential | 2.09 | 115.6 119.2 117.8 116.6 119.1 120.5 | 108.2 115.4 123.0 128.0 131.8 126.9
Commercial and other | 1.29 | 120.1 124.4 123.7 122.5 125.1 | 109.8 117.5 129.7 139.4 142.0
Industrial | .80 | 109.2 111.7 109.4 108.1 110.4 | 105.9 112.3 113.1 111.4 117.0
| | |
Gas utilities 492,3pt | 1.55 | 102.4 102.4 111.2 114.3 113.2 111.9 | 105.6 76.7 63.7 63.6 61.5 60.2
Residential | .70 | 93.8 88.4 100.5 97.8 99.0 98.0 | 101.0 56.0 38.6 30.7 28.4 31.9
Commercial and other | .27 | 108.2 108.2 123.0 134.9 131.0 130.0 | 113.8 78.7 65.2 69.3 64.5 64.3
Gas transmission | .48 | 106.1 112.3 114.5 121.7 118.6 116.6 | 105.8 97.2 89.4 96.5 95.8 88.0
--------------------------------------------------------------------------------------------------------------------------------------------------------
<1> The IP proportion data are estimates of the industries' relative contributions to overall IP growth in the following year.
Note: Estimates for July to September are revised.
Table 7
INDUSTRIAL PRODUCTION: GROSS VALUE OF PRODUCTS
Billions of 1992 dollars at annual rates, seasonally adjusted
| | | 1997 1998 | 1998
Item | 1992 | 1997 | Q2 Q3 Q4 Q1 Q2 Q3 | May June July Aug. Sept. Oct.
---------------------------------------------------------------------------------------------------------------------------------------------------------
| | | |
Products, total | 2001.9 | 2384.3 | 2361.5 2389.1 2431.2 2437.7 2449.0 2454.7 | 2461.1 2431.2 2409.9 2490.3 2463.7 2460.6
| | | |
Final products | 1552.1 | 1863.3 | 1840.7 1868.0 1902.1 1906.1 1914.7 1914.1 | 1924.5 1896.7 1869.3 1948.2 1925.0 1925.0
| | | |
Consumer goods | 1049.6 | 1201.0 | 1190.7 1199.8 1218.6 1217.8 1217.6 1210.2 | 1224.8 1202.8 1188.2 1228.3 1214.2 1213.5
Durable | 238.3 | 314.0 | 305.4 311.8 322.1 322.3 319.4 315.6 | 328.4 304.4 283.3 335.5 328.0 334.2
Automotive products | 123.8 | 162.5 | 154.7 159.9 168.7 164.8 162.4 159.5 | 170.2 149.5 128.5 178.2 171.7 176.8
Other durable goods | 114.4 | 151.8 | 151.1 152.2 153.5 157.9 157.5 156.4 | 158.4 155.8 157.2 156.4 155.8 156.6
Nondurable | 811.3 | 887.4 | 885.4 888.5 897.4 896.5 898.9 895.5 | 897.8 897.9 902.2 895.7 888.6 882.5
| | | |
Equipment, total | 502.5 | 662.0 | 649.6 668.0 683.6 688.5 697.5 704.7 | 700.1 694.5 681.4 720.9 711.9 712.6
Business and defense | 483.9 | 634.8 | 621.8 640.3 657.1 659.7 670.7 680.8 | 672.7 669.2 655.9 697.6 688.9 690.6
Business | 399.2 | 570.8 | 557.4 576.8 593.9 595.6 607.3 617.7 | 609.0 606.0 592.7 634.0 626.5 627.5
Defense and space | 84.7 | 64.1 | 64.5 63.7 63.5 64.4 63.8 63.5 | 64.0 63.6 63.5 64.1 63.0 63.6
| | | |
Intermediate products | 449.9 | 521.7 | 521.1 521.9 530.1 532.4 535.1 540.8 | 537.4 534.9 539.7 543.2 539.5 536.7
Construction supplies | 177.2 | 215.9 | 216.6 215.3 217.4 222.3 223.8 227.6 | 225.1 224.5 227.0 229.3 226.4 227.3
Business supplies | 272.7 | 305.5 | 304.2 306.3 312.3 309.8 310.9 312.8 | 312.0 310.0 312.3 313.6 312.7 309.0
Commercial energy products | 70.4 | 81.5 | 81.9 82.2 84.2 81.4 83.3 86.2 | 83.4 84.1 84.9 87.2 86.3 82.8
---------------------------------------------------------------------------------------------------------------------------------------------------------
Note: Estimates for October are preliminary. Estimates from July to September are revised.
Table 8
DIFFUSION INDEXES OF INDUSTRIAL PRODUCTION
Percent
Year Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.
-------------------------------------------------------------------------------------------------------
One Month Earlier
1996 38.9 63.8 56.6 57.4 59.6 61.9 54.0 55.5 54.3 50.6 57.0 56.4
1997 50.2 64.9 54.0 54.2 50.2 52.8 57.2 52.3 54.4 55.7 62.1 50.4
1998 54.5 46.2 47.5 58.7 47.9 36.7 54.2 49.6 41.9
Three Months Earlier
1996 43.0 53.6 54.0 69.1 66.0 67.5 62.3 60.8 56.6 58.1 55.8 58.9
1997 53.2 63.0 58.9 63.0 54.7 52.8 55.1 59.3 55.9 54.2 66.7 62.9
1998 61.7 48.5 50.4 51.5 52.7 44.7 42.4 43.2 48.5
Six Months Earlier
1996 48.7 49.4 55.5 58.9 61.5 69.1 67.5 63.8 66.0 60.4 60.8 57.0
1997 63.0 65.3 64.2 60.8 59.1 61.5 63.9 60.8 60.1 60.8 66.2 64.3
1998 59.5 60.6 61.4 59.8 52.7 47.3 48.5 47.2 42.8
-------------------------------------------------------------------------------------------------------
Note: The diffusion indexes are calculated as the percentage of series that increased over the indicated
span (one, three, or six months) plus one-half the percentage that were unchanged.
Table 9
ELECTRIC POWER USE: MANUFACTURING AND MINING
| | Index, 1992=100
| 1992 | Seasonally adjusted | Not seasonally adjusted
|Billion| 1998 | 1998
Item | KWH | Apr. May June July Aug. Sept. | Apr. May June July Aug. Sept.
--------------------------------------------------------------------------------------------------------------------------------------------------
| | |
Total | 934.1 | 106.2 105.7 105.4 104.8 103.6 104.8 | 105.0 105.2 106.9 106.0 107.1 108.4
| | |
MAJOR INDUSTRY GROUPS | | |
| | |
Manufacturing | 854.0 | 106.3 105.8 105.5 104.8 103.5 104.8 | 105.0 105.3 107.2 106.4 107.5 108.8
Durable | 365.8 | 106.2 105.3 105.7 105.7 104.7 105.7 | 105.8 105.5 108.1 106.9 108.5 109.7
Nondurable | 488.3 | 106.4 106.2 105.4 104.1 102.6 104.1 | 104.4 105.1 106.6 106.0 106.7 108.1
Mining | 80.1 | 104.2 104.4 103.3 104.7 104.8 104.6 | 104.7 103.6 101.7 100.1 101.9 103.3
| | |
INDUSTRY GROUPS and SERIES | | |
| | |
Metal mining 10 | 18.6 | 121.7 116.7 116.8 114.1 119.1 117.5 | 118.6 115.5 110.8 110.4 116.8 114.3
Iron ore 101 | 7.3 | 122.5 117.9 117.6 109.1 116.2 116.7 | 119.3 118.3 108.4 105.7 113.8 111.4
Copper ore 102 | 6.6 | 129.7 125.4 124.7 126.5 131.4 127.6 | 127.0 122.6 120.1 122.6 129.9 126.5
| | |
Coal mining 12 | 12.7 | 96.0 98.1 101.5 106.7 100.3 102.6 | 101.1 95.6 96.7 89.5 92.9 98.2
| | |
Oil and gas extraction 13 | 36.0 | 94.0 95.3 91.0 93.2 92.7 92.3 | 93.9 94.6 92.5 92.7 90.6 92.2
Crude oil and natural gas 131 | 31.0 | 93.0 94.2 89.6 91.6 91.2 90.4 | 93.2 94.0 91.0 91.0 88.1 89.9
Natural gas liquids 132 | 3.6 | 85.4 85.0 84.3 86.0 91.7 91.5 | 85.8 84.7 86.7 87.7 92.1 92.5
| | |
Stone and earth minerals 14 | 12.8 | 112.3 114.7 113.6 114.7 117.2 116.3 | 113.3 116.8 115.6 115.6 116.8 119.1
Crushed stone 142 | 3.5 | 152.4 154.4 152.9 154.4 154.8 158.0 | 151.2 164.3 163.5 163.4 163.9 170.0
Sand and gravel 144 | 2.7 | 107.2 107.5 109.4 111.6 109.2 104.3 | 103.9 112.1 114.9 119.4 117.7 112.8
Chemical and fertilizer materials 147 | 4.7 | 102.2 106.2 103.9 104.3 113.2 112.6 | 104.0 103.2 100.5 99.2 102.6 106.9
| | |
Foods 20 | 58.8 | 113.6 113.5 113.0 113.9 112.6 112.9 | 107.3 109.4 114.8 119.4 121.6 123.6
Meat products 201 | 10.3 | 121.3 119.7 118.1 122.3 120.3 119.0 | 115.1 116.4 123.9 132.9 132.2 131.5
Dairy products 202 | 6.8 | 100.0 100.0 95.0 97.7 97.8 99.0 | 96.8 99.1 101.8 107.9 107.2 108.1
Canned and frozen food 203 | 8.1 | 113.2 111.3 110.6 110.0 106.6 105.9 | 102.5 103.3 107.8 112.5 122.3 128.0
Grain mill products 204 | 11.4 | 122.3 124.0 127.0 129.4 128.2 132.2 | 121.1 123.5 124.5 127.6 129.8 135.4
Bakery products 205 | 3.5 | 111.2 112.1 110.2 111.4 108.9 109.3 | 105.0 109.1 115.6 121.7 121.3 122.6
Sugar and confectionery 206 | 4.0 | 111.9 108.0 105.6 106.0 103.8 96.8 | 101.6 100.0 104.8 108.0 107.3 101.2
Fats and oils 207 | 3.9 | 111.3 109.2 110.1 112.0 107.7 110.4 | 110.1 103.9 106.6 103.7 101.9 107.4
Beverages 208 | 6.1 | 103.8 106.0 106.7 104.5 104.9 105.1 | 97.9 103.7 113.5 117.0 120.1 121.0
Coffee and miscellaneous 209 | 4.7 | 110.7 111.2 111.2 109.0 109.0 109.0 | 103.7 107.6 116.4 119.6 121.8 122.4
| | |
Tobacco products 21 | 1.5 | 99.7 100.6 103.3 98.7 97.3 96.6 | 96.3 96.4 104.7 103.8 107.8 110.7
| | |
Textile mill products 22 | 31.5 | 116.9 114.8 115.4 119.7 114.1 113.8 | 113.5 116.4 122.3 119.5 125.9 123.9
Fabrics 221-4 | 11.8 | 107.7 106.2 104.5 105.6 103.7 105.2 | 104.7 108.3 111.4 106.1 115.3 115.4
Knit goods 225 | 4.1 | 109.9 108.3 106.7 106.3 109.0 110.4 | 104.3 110.0 114.9 109.6 124.2 123.3
Fabric finishing 226 | 2.5 | 134.3 125.0 118.3 123.5 116.5 111.3 | 135.0 127.5 126.0 116.6 121.9 118.8
Yarn and thread 228 | 8.3 | 110.5 109.7 117.7 128.1 118.0 110.2 | 107.8 112.5 126.4 127.8 132.4 122.1
Miscellaneous textiles 229 | 3.4 | 138.7 135.2 132.6 138.0 128.0 130.4 | 137.8 137.5 140.0 139.0 140.0 140.3
| | |
Apparel products 23 | 8.2 | 99.4 96.0 94.7 95.9 88.1 90.8 | 91.5 93.4 101.5 104.8 104.9 105.6
Men's outerwear 231,2 | 2.0 | 88.5 84.7 80.1 83.8 76.2 77.4 | 85.1 87.1 93.0 98.2 98.7 97.2
Women's outerwear 233 | 2.5 | 120.5 118.7 113.7 113.0 104.6 113.6 | 110.2 115.2 123.1 125.3 126.7 133.3
| | |
Lumber and products 24 | 19.8 | 121.8 122.1 124.7 125.4 124.8 129.1 | 122.0 119.8 122.4 120.5 122.9 127.4
Lumber 242 | 7.7 | 117.7 118.5 120.2 124.8 122.7 122.2 | 120.9 118.8 119.1 118.8 121.9 121.2
Millwork and plywood 243 | 5.6 | 132.5 130.2 135.5 135.2 134.0 137.2 | 134.0 129.1 134.6 132.0 133.5 137.3
| | |
Furniture and fixtures 25 | 6.0 | 117.2 116.7 118.6 116.8 115.1 117.7 | 116.5 114.7 120.8 116.2 123.8 124.8
Household furniture 251 | 3.2 | 113.2 114.4 116.1 112.6 112.7 115.2 | 114.9 112.6 118.1 107.2 118.8 119.6
| | |
Paper and products 26 | 113.3 | 102.0 102.2 102.4 101.9 100.0 101.9 | 101.0 101.0 103.1 103.7 103.3 104.2
Wood pulp 261 | 8.8 | 89.0 87.6 83.5 80.7 82.7 87.2 | 86.1 85.9 84.8 81.0 83.2 85.6
Paper 262 | 62.3 | 102.0 102.0 102.3 101.1 98.9 101.2 | 101.8 101.3 103.5 103.9 102.9 103.9
Paperboard 263 | 28.3 | 107.1 105.0 110.0 112.5 112.6 112.6 | 105.0 103.3 108.5 111.3 112.0 112.3
Paperboard containers 265 | 5.1 | 102.6 107.1 107.4 105.0 100.3 104.5 | 100.7 105.0 108.3 107.7 106.3 109.4
Converted paper products 267 | 8.9 | 105.1 106.2 103.1 106.8 104.3 102.4 | 101.5 103.6 102.7 106.7 107.2 105.0
| | |
Printing and publishing 27 | 17.3 | 112.6 112.4 112.2 110.2 108.2 110.5 | 105.6 107.8 116.7 122.5 124.1 124.6
Newspapers 271 | 3.6 | 102.9 101.5 103.1 101.9 102.0 107.2 | 96.1 99.1 108.8 114.2 113.9 118.8
Commercial printing 275 | 9.2 | 120.1 120.0 119.2 119.5 117.8 118.7 | 112.6 114.8 123.8 129.7 131.4 130.2
| | |
Chemicals and products 28 | 171.7 | 101.4 100.8 99.0 95.4 94.6 97.2 | 100.1 100.0 97.9 95.6 94.9 97.3
Basic chemicals 281 | 78.9 | 91.4 91.7 86.9 81.6 81.3 85.4 | 92.0 92.5 86.1 81.1 80.5 85.1
Alkalies and chlorine 2812 | 14.9 | 78.5 78.4 78.2 81.4 83.1 81.5 | 81.2 80.4 79.4 81.9 83.3 78.5
Inorganic chemicals, nec 2819 | 38.3 | 83.1 81.5 73.5 66.2 66.9 76.6 | 84.1 83.6 72.5 63.0 63.7 73.4
Acid and fertilizer materials | 14.0 | 101.2 102.3 100.3 101.7 98.6 99.7 | 100.9 102.1 99.7 102.7 101.6 100.7
Nuclear materials, nondefense | 24.3 | 74.2 71.1 60.1 48.3 51.0 65.1 | 75.8 74.4 59.0 43.3 44.9 59.9
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Note: Estimates for September are preliminary. Estimates from July to August are revised.
Table 9 (continued)
ELECTRIC POWER USE: MANUFACTURING AND MINING
| | Index, 1992=100
| 1992 | Seasonally adjusted | Not seasonally adjusted
|Billion| 1998 | 1998
Item | KWH | Apr. May June July Aug. Sept. | Apr. May June July Aug. Sept.
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| | |
Chemicals and Products (cont.) | | |
Synthetic materials 282 | 29.2 | 108.8 105.1 108.9 105.8 106.0 107.0 | 108.4 105.9 109.6 107.6 108.6 107.4
Plastics materials 2821 | 18.3 | 134.3 128.5 135.3 127.9 127.5 129.5 | 135.2 128.3 136.4 129.6 129.9 132.0
Drugs and medicines 283 | 6.7 | 135.7 136.4 135.8 136.8 130.0 133.3 | 126.5 131.8 143.2 149.7 144.3 147.9
Soap and toiletries 284 | 3.0 | 114.8 113.0 118.4 116.2 112.8 111.2 | 108.5 107.3 119.8 124.7 120.8 120.4
Industrial organic chemicals 286 | 39.2 | 106.2 100.7 103.4 107.2 100.2 99.3 | 107.9 103.2 104.1 110.7 106.5 105.9
Agricultural chemicals 287 | 9.7 | 103.7 108.5 109.8 114.3 114.5 112.2 | 106.4 111.1 110.4 114.6 115.4 111.9
| | |
Petroleum products 29 | 47.0 | 104.2 106.1 105.4 103.1 104.4 102.2 | 104.7 105.1 107.5 106.5 108.5 107.0
| | |
Rubber and plastics products 30 | 38.0 | 126.3 126.6 126.4 127.7 124.1 127.7 | 125.3 126.0 130.5 128.8 129.0 133.2
Tires 301 | 4.3 | 111.2 114.9 110.0 113.1 107.2 110.4 | 109.0 111.7 112.2 114.3 114.8 118.1
Rubber products, nec 306 | 3.2 | 118.3 117.3 118.1 117.9 112.8 118.5 | 116.0 114.8 120.5 117.7 119.0 123.4
Plastics products, nec 308 | 28.9 | 131.3 131.0 131.7 132.8 130.1 133.4 | 130.7 131.2 136.4 134.1 134.1 138.5
| | |
Leather and products 31 | 1.0 | 81.3 82.1 80.2 81.4 78.6 79.4 | 80.0 81.4 84.3 84.5 85.8 86.6
Shoes 314 | .3 | 77.0 75.7 73.6 73.8 70.8 69.6 | 74.3 75.2 79.1 79.9 81.6 80.4
| | |
Stone, clay, & glass products 32 | 33.8 | 109.5 108.9 108.3 109.3 107.3 109.1 | 109.4 110.8 111.9 110.7 111.9 113.6
Flat glass 321 | 1.5 | 103.6 108.2 108.5 106.6 105.0 107.3 | 101.9 108.5 111.0 109.2 106.8 112.0
Pressed and blown glass 322 | 7.3 | 103.8 102.5 105.1 102.9 98.5 106.2 | 105.1 103.4 106.8 104.6 102.6 110.6
Cement 324 | 9.6 | 116.5 114.1 111.1 113.3 111.1 110.6 | 113.1 119.0 117.4 115.2 119.5 116.2
Structural clay products 325 | 1.4 | 95.8 91.7 94.5 95.2 94.8 98.4 | 95.4 93.0 97.2 96.5 96.5 100.5
Concrete products 327 | 4.7 | 113.5 112.2 114.5 120.4 119.1 118.0 | 111.9 112.1 116.9 120.0 121.6 122.2
| | |
Primary metals 33 | 150.9 | 96.0 95.2 95.9 97.4 97.4 96.7 | 98.2 97.3 97.3 96.5 98.3 97.3
Basic steel and mill products 331 | 57.0 | 108.3 105.8 107.4 112.2 111.3 109.4 | 112.7 110.4 109.5 109.8 113.0 110.3
Iron and steel foundries 332 | 9.9 | 116.7 113.6 113.8 111.1 114.2 111.9 | 120.0 113.4 113.2 104.9 110.2 114.1
Primary nonferrous metals 333 | 66.2 | 74.3 75.1 75.6 74.6 76.0 76.3 | 74.8 76.5 77.2 77.0 77.7 76.1
Aluminum 3334 | 60.3 | 63.0 62.0 64.9 63.6 64.6 64.8 | 62.8 63.8 64.7 64.5 64.6 63.9
Nonferrous foundries 336 | 2.7 | 131.3 131.4 131.3 127.5 124.3 126.7 | 130.4 128.0 129.0 120.9 122.6 129.1
| | |
Fabricated metal products 34 | 31.4 | 115.3 115.6 115.8 114.7 114.1 113.1 | 113.7 114.0 117.4 116.1 118.1 118.4
Metal containers 341 | 2.9 | 101.8 102.8 102.6 99.2 100.9 96.8 | 103.7 104.2 106.2 104.1 104.4 102.4
Hardware, tools, and cutlery 342 | 2.7 | 110.6 112.6 110.8 111.9 108.3 107.3 | 107.9 110.1 113.8 114.3 114.1 114.9
Structural metal products 344 | 5.4 | 112.7 112.2 114.4 115.1 113.4 115.3 | 111.7 111.7 115.1 117.8 118.8 120.2
Fasteners 345 | 1.7 | 118.1 116.7 115.2 112.9 115.5 113.6 | 115.4 113.6 117.2 114.4 120.7 119.8
Metal stampings 346 | 6.7 | 125.0 128.0 125.1 123.4 124.3 123.7 | 124.7 128.1 127.1 121.1 126.4 129.5
| | |
Industrial machinery | | |
and equipment 35 | 33.2 | 111.0 111.1 112.7 111.8 110.8 110.7 | 108.2 108.8 115.4 116.7 118.4 118.3
Engines and turbines 351 | 2.6 | 113.1 115.1 115.1 114.8 112.4 110.6 | 111.6 112.1 114.5 107.8 115.5 113.2
Farm 352 | 2.0 | 90.1 90.4 95.9 97.7 96.1 98.2 | 96.4 94.2 96.0 95.0 96.1 99.0
Construction and allied 353 | 3.8 | 114.0 113.8 115.9 112.0 113.6 111.4 | 110.8 114.0 120.8 120.0 122.1 121.4
Metalworking 354 | 4.1 | 111.7 110.7 112.9 114.1 110.5 110.5 | 108.8 108.1 115.5 120.0 120.1 119.9
Special industry 355 | 2.4 | 122.4 120.4 125.4 118.8 122.9 120.5 | 118.9 117.1 128.4 126.6 134.0 131.2
General industrial 356 | 5.2 | 114.8 114.2 117.0 115.9 114.1 114.3 | 112.3 112.1 119.5 119.7 122.4 122.6
Computer and office equip. 357 | 5.1 | 90.9 90.9 90.8 89.7 89.6 91.8 | 88.7 89.0 94.8 97.4 96.4 98.5
Service industry machines 358 | 3.5 | 110.2 113.6 116.4 119.9 117.5 114.0 | 108.4 113.7 121.3 126.5 126.4 122.0
| | |
Electrical machinery 36 | 33.0 | 114.7 113.8 113.3 113.8 111.1 111.9 | 111.1 111.9 116.9 119.0 118.3 119.5
Electrical distribution 361 | 1.3 | 95.7 96.3 94.9 95.8 96.6 95.4 | 91.0 93.1 97.3 100.7 107.2 105.8
Electrical industrial 362 | 4.0 | 94.6 94.4 94.9 92.5 90.9 93.3 | 94.4 94.7 98.0 96.2 94.3 97.1
Household appliances 363 | 2.4 | 103.3 99.3 96.1 100.6 96.4 95.4 | 103.2 103.7 103.9 108.4 107.9 104.3
Lighting and wiring products 364 | 3.0 | 109.6 108.9 109.9 114.5 112.4 112.5 | 108.7 109.6 113.9 116.7 115.2 118.4
TV and radio sets 365 | .8 | 117.9 116.8 117.8 119.1 117.0 117.0 | 114.3 116.8 122.3 125.3 128.2 125.4
Communication equipment 366 | 3.3 | 106.3 107.6 105.3 107.6 107.3 107.1 | 102.6 104.0 110.4 116.8 117.2 118.8
Electronic components 367 | 14.5 | 126.4 125.9 125.8 125.6 122.1 123.4 | 123.4 124.5 131.0 133.2 131.0 132.5
| | |
Transportation equipment 37 | 39.6 | 112.2 109.9 109.1 104.7 102.6 109.3 | 110.0 109.5 114.6 107.0 110.2 117.7
Motor vehicles and parts 371 | 22.8 | 124.5 122.7 120.2 113.4 111.9 120.9 | 122.3 122.9 127.6 114.6 120.8 131.3
Aircraft and parts 372 | 10.7 | 92.7 88.3 91.0 89.6 86.0 89.0 | 90.4 87.2 94.1 94.0 92.4 95.6
Ships and boats 373 | 2.2 | 102.8 106.8 112.2 107.7 103.0 107.9 | 101.6 103.3 112.9 106.8 102.6 106.9
| | |
Instruments 38 | 13.7 | 100.4 98.8 99.7 99.2 98.4 99.0 | 95.7 95.0 103.5 107.0 107.1 107.4
Photographic equip. & supplies 386 | 1.8 | 100.7 94.3 99.2 98.3 94.9 92.6 | 95.8 92.3 100.7 104.4 102.3 98.9
| | |
Miscellaneous manufactures 39 | 4.5 | 126.9 121.8 121.0 123.5 115.6 121.5 | 124.3 120.2 124.4 128.6 124.9 130.6
| | |
SUPPLEMENTARY GROUPS | | |
| | |
Total, excluding nuclear nondefense | 909.8 | 107.6 107.3 107.4 107.3 106.0 106.6 | 106.3 106.5 109.0 108.8 109.9 110.6
Utility sales to industry | 835.3 | 106.2 105.3 105.3 104.7 103.5 104.7 | 105.7 105.6 107.4 106.1 107.3 108.9
Industrial generation | 98.8 | 95.1 99.9 100.8 102.0 102.9 102.5 | 94.3 98.4 98.5 104.3 105.4 102.0
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Note: Estimates for September are preliminary. Estimates from July to August are revised.
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.federalreserve.gov, the Board's World Wide Web site. These data are
also available on line on the day of issue through the Economic Bulletin Board of the
Department of Commerce. For information, call (202) 482-1986. Diskettes
containing historical data and the data published in this release are available from the
Board of Governors of the Federal Reserve System, Publications Services,
(202) 452-3245.
Industrial Production
Coverage. The industrial production (IP) index measures output in the
manufacturing, mining, and electric and gas utilities industries; the reference period
for the index is 1992. For the period since 1992, the total IP index has been
constructed from 264 individual series based on the 1987 Standard Industrial
Classification (SIC). These individual series are classified in two ways: (1) market
groups (shown in table 1), such as consumer goods, equipment, intermediate
products, and materials; and (2) industry groups (shown in tables 2 and 6), such as
two-digit SIC industries and major aggregates of these industries-for example,
durable and nondurable manufacturing, mining, and utilities.
Market groups. For purposes of analysis, the individual IP series are grouped into
final products, intermediate products, and materials. Final products are assumed to be
purchased by consumers, businesses, or government for final use. Intermediate
products are expected to become inputs in nonindustrial sectors, such as
construction, agriculture, and services. Materials are industrial output requiring
further processing within the industrial sector. Total products comprise final and
intermediate products, and final products are divided into consumer goods and
equipment.
Timing. The first estimate of output for a month is published around the 15th of the
following month. The estimate is preliminary (denoted by the superscript "p" in
tables) and subject to revision in each of the subsequent three months as new source
data become available. (Revised estimates are denoted by the superscript "r" in
tables.) After the fourth month, indexes are not revised further until the time of an
annual revision or a benchmark revision. The last three benchmark revisions were
published in 1990, 1985, and 1976.
Source data. In annual or benchmark revisions, the individual IP indexes are
constructed from a variety of source data, such as the quinquennial Censuses of
Manufactures and Mineral Industries and the Annual Survey of Manufactures,
prepared by the Bureau of the Census; the Minerals Yearbook, prepared by the
Department of the Interior; and publications of the Department of Energy. On a
monthly basis, the individual indexes of industrial production are constructed from
two main types of source data: (1) output measured in physical units and (2) data on
inputs to the production process, from which output is inferred. Data on physical
products, such as tons of steel or barrels of oil, are obtained from private trade
associations as well as from government agencies including those listed above; data
of this type are used to estimate monthly IP where possible and appropriate. When
suitable data on physical product are unavailable, estimates of output are based on
either production-worker hours or electric power use by industry. Data on hours
worked by production workers are collected in the monthly establishment survey
conducted by the Bureau of Labor Statistics. The data on electric power use are
described below. The factors used to convert inputs into estimates of production are
based on historical relationships between the inputs and the comprehensive data used
to benchmark the IP indexes; these factors also may be influenced by technological
or cyclical developments. Especially for the first and second estimates for a given
month, the available source data are limited and subject to revision.
Weights. In the index, series that measure the output of an individual industry are
weighted according to their proportion in the total value-added output of all
industries. The industrial production index, which extends back to 1919, is built as an
annually weighted chain-type index since 1977. The components of IP are combined
using estimates of value added per unit of output. For months from January to June,
the weights are drawn from the year containing the month being estimated and the
preceding year; for months from July to December, the weights are drawn from the
current and following year. The IP proportions shown in column 1 of tables 1A, 2A,
and 6 are estimates of the industries' relative contributions to overall growth in the
following year. For example, a 1 percent increase in durable goods manufacturing in
1997 would account for an increase in total IP of nearly 1/2 percent.
Seasonal adjustment. Individual series are seasonally adjusted by the X-11 ARIMA
method, developed at Statistics Canada. For series based on production-worker
hours, the current seasonal factors were estimated with data through October 1997;
for other series, the factors were estimated with data through at least June 1997. In
some cases, series were preadjusted for the effects of holidays or the business cycle
before using X-11 ARIMA. For the data since 1977, all seasonally adjusted
aggregate indexes are calculated by aggregating the seasonally adjusted indexes of
the individual series.
Reliability. The average revision to the level of the total IP index, without regard to
sign, between the first and the fourth estimates was 0.28 percent during the 1987-96
period. The average revision to the percent change in total IP, without regard to sign,
from the first to the fourth estimates was 0.21 percentage point during the 1987-96
period. In most cases (about 81 percent), the direction of change in output indicated
by the first estimate for a given month is the same as that shown by the fourth estimate.
Rounding. The published percent changes are calculated from unrounded indexes,
and may not be the same as percent changes calculated from the rounded indexes
shown in the release.
Capacity Utilization
Definition. Capacity utilization is calculated for the manufacturing, mining, and
electric and gas utilities industries. For a given industry, the utilization rate is equal to
an output index divided by a capacity index. Output is measured by seasonally
adjusted indexes of industrial production. The capacity indexes attempt to capture
the concept of sustainable practical capacity, which is defined as the greatest level of
output that a plant can maintain within the framework of a realistic work schedule,
taking account of normal downtime, and assuming sufficient availability of inputs to
operate the machinery and equipment in place. The 76 individual capacity indexes
are based on a variety of data, including capacity data measured in physical units
compiled by trade associations, surveys of utilization rates and investment, and
estimates of growth of the capital input.
Groups. Estimates of capacity and utilization are available for a variety of groups,
including primary and advanced processing industries within manufacturing,
durable and nondurable manufacturing, total manufacturing, mining, utilities, and
total industry. Component industries of the primary and advanced processing groups
within manufacturing are listed in the note on tables 2 and 3 of the release.
Weights. Although each utilization rate is the result of dividing an IP series by a
corresponding capacity index, aggregate utilization rates are equivalent to
combinations of individual utilization rates aggregated with proportions that reflect
current capacity levels of output valued in current-period value added per unit of
actual output. The implied proportions of individual industry operating rates in the
rate for total industry for the most recent year are shown in the first column of table 3.
Perspective. The historical highs and lows in capacity utilization shown in the tables
above are specific to each series and did not all occur in the same month. Industrial
plants usually operate at capacity utilization rates that are well below 100 percent:
none of the broad aggregates has ever reached 100 percent. For total industry and
total manufacturing, utilization rates have exceeded 90 percent only in wartime.
Electric Power
Data on electric power (expressed in kilowatt hours) are collected by the Federal
Reserve District Banks from electric utilities and also from manufacturing and
mining establishments that generate electric power for their own use (cogenerators).
The indexes of power use shown in table 9 are sums of kilowatt hours used by an
industry or industry group expressed as a percentage of that industry's or group's
usage in 1992. The first column of the table shows, for reference, electric power use
in billions of kilowatt hours as reported by manufacturing and mining industries in
the 1992 censuses of those industries. The supplementary group, "Total, less nuclear
nondefense," is shown separately because the value-added proportion for the
nondefense nuclear material series (part of SIC 2819) in total IP is considerably
smaller than its share of total electric power use. Excluding this component from total
power use facilitates comparisons with total IP.
References
The annual revision published on December 9, 1997 is described more completely in
the Federal Reserve Bulletin, vol.84 (February 1998), pp. 77-91.
A description of the aggregation methods for industrial production and capacity
utilization is included in an article in the Federal Reserve Bulletin, vol. 83 (February
1997), pp. 67-92. Industrial Production-1986 Edition contains a more detailed
description of the other methods used to compile the industrial production index, plus
a history of its development, a glossary of terms, and a bibliography. To obtain
Industrial Production-1986 Edition ($9.00 per copy), write to Board of Governors
of the Federal Reserve System, Publications Services, Washington, DC 20551. The
major revisions to the IP indexes and capacity utilization since 1990 have been
described in the Federal Reserve Bulletin (April 1990, June 1990, June 1993, March
1994, January 1995, and January 1996). The basic methodology used to estimate
capacity and utilization is discussed in the June 1990 Federal Reserve Bulletin.
Release Schedule for 1998
At 9:15 a.m. on January 16, February 17, March 17, April 17, May 15, June 16, July
16, August 14, September 16, October 16, November 16, and December 16.