Table 6
 Diffusion Indexes of Industrial Production
 Percent
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 Year       Jan.    Feb.    Mar.    Apr.     May    June    July    Aug.   Sept.    Oct.    Nov.    Dec.
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 One Month Earlier
  2002     52.9    54.9    62.4    58.0    59.0    60.7    45.8    48.5    47.5    44.1    53.6    48.8 
  2003     48.8    48.8    38.3    36.3    51.5    52.5    57.6    45.8    59.3    62.4    69.2    53.2 
  2004     62.0    59.0 
 
 Three Months Earlier
  2002     46.8    57.1    60.2    64.7    68.1    63.1    58.0    52.9    43.7    44.4    45.8    45.8 
  2003     47.5    45.1    42.0    33.6    36.3    45.4    55.6    55.3    59.3    60.5    73.2    62.4 
  2004     65.8    61.4 
 
 Six Months Earlier
  2002     41.4    42.5    53.4    56.1    61.6    65.0    61.4    61.7    52.9    50.8    46.8    44.4 
  2003     40.7    40.0    40.3    33.6    34.9    39.3    43.1    42.4    52.9    60.3    67.1    68.5 
  2004     67.8    70.8 
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      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.