Table 7A
 INDUSTRIAL PRODUCTION: Manufacturing <1>
 Seasonally adjusted
 
 
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                 |                                                                                    |                            |
                 |   Jan.   Feb.   Mar.   Apr.    May   June   July   Aug.  Sept.   Oct.   Nov.   Dec.|     Q1     Q2     Q3     Q4|Annual <2>
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                 |                                                                                    |                            |
 IP (percent     |                                                                                    |                            |
 change)         |                                                                                    |                            |
  1973           |    .8    1.6     .3    -.3     .7     .0     .4    -.3     .8     .7     .6     .1 |  14.8    3.2    2.5    6.6 |      9.0 
  1974           |   -.6    -.4     .1    -.1     .5     .1    -.3    -.8     .0    -.9   -2.9   -4.5 |  -2.5     .4   -2.6  -16.8 |      -.3 
                 |                                                                                    |                            |
  1975           |  -1.7   -2.7   -1.3    -.4     .0     .9    1.4     .8    1.5     .2     .3    1.4 | -27.5   -7.3   12.9    9.1 |    -10.6 
  1976           |   1.3    1.7     .1     .8     .4     .1     .7     .6     .1     .1    1.3    1.2 |  15.1    7.4    5.3    6.6 |      8.9 
  1977           |   -.2    1.6    1.6    1.1     .7     .7     .2     .4     .1     .2     .1    1.2 |  11.2   14.4    5.3    3.8 |      8.7 
  1978           |  -1.2     .1    1.8    1.5     .5     .8     .0     .4     .4     .6     .9     .8 |   1.0   13.9    4.3    7.8 |      6.0 
  1979           |   -.6     .4     .4   -1.2    1.1     .1     .0   -1.3     .1     .2    -.3     .3 |   2.6    -.3   -1.6   -1.1 |      3.1 
                 |                                                                                    |                            |
  1980           |    .5     .0    -.7   -2.0   -3.0   -1.5    -.9     .6    1.6    1.5    1.9     .3 |   1.6  -18.2   -7.7   17.8 |     -3.7 
  1981           |   -.4    -.3     .3     .6     .6    -.4     .3    -.1    -.6   -1.1   -1.2   -1.7 |   1.1    3.8    -.2  -10.8 |      1.0 
  1982           |  -2.2    2.8    -.8    -.6    -.3    -.1    -.2    -.9    -.4   -1.2    -.6    -.4 |  -8.3   -1.5   -4.3   -8.8 |     -5.4 
  1983           |   2.4    -.1    1.0    1.2    1.4     .8    1.4     .7    1.9    1.1     .3     .3 |   9.1   12.6   14.9   12.1 |      4.6 
  1984           |   1.9     .9     .8     .5     .4     .5     .5     .2    -.3     .3     .2     .4 |  13.1    7.0    3.9    2.0 |     10.0 
                 |                                                                                    |                            |
  1985           |   -.4    -.2     .7    -.1     .2     .2    -.6     .6     .1    -.4     .6     .4 |    .0    1.8     .1    1.5 |      1.7 
  1986           |   1.2    -.5    -.4     .4     .2    -.3     .5     .3     .2     .3     .5     .9 |   4.8     .0    2.5    4.9 |      2.2 
  1987           |   -.6    1.6     .1     .6     .6     .6     .7     .4     .5    1.4     .6     .5 |   5.3    7.6    7.2   10.4 |      5.5 
  1988           |   -.2     .3     .3     .7    -.1     .0     .2     .1     .3     .6     .3     .5 |   2.7    3.8    1.6    4.7 |      5.1 
  1989           |    .8   -1.0    -.1     .1    -.8     .2   -1.1     .9    -.3    -.1     .1     .2 |   1.8   -3.1   -3.3     .2 |       .7 
                 |                                                                                    |                            |
  1990           |   -.1    1.4     .3    -.1     .1     .3    -.2     .3    -.1    -.7   -1.2    -.7 |   4.5    2.8     .7   -6.6 |       .7 
  1991           |   -.7    -.7    -.7     .4     .7    1.1     .3     .1    1.0    -.2    -.3    -.1 |  -8.7    2.1    6.9    1.4 |     -2.0 
  1992           |   -.6    1.1     .9     .5     .6     .2     .8    -.2    -.1     .6     .5    -.2 |   1.1    8.0    3.7    3.2 |      3.7 
  1993           |    .9     .2     .0     .4    -.1    -.2     .3    -.2     .8     .7     .5     .7 |   4.4    1.6    1.2    6.9 |      3.5 
  1994           |    .3     .2    1.1     .8     .8     .3     .4     .8     .2     .9     .8    1.2 |   5.9    9.2    5.9    9.5 |      6.1 
                 |                                                                                    |                            |
  1995           |    .5     .0     .1    -.1     .0     .4    -.6    1.2     .9    -.2     .2     .5 |   6.2     .3    3.1    4.6 |      5.3 
  1996           |   -.8    1.3    -.3    1.1     .8    1.1     .3     .7     .7     .0     .9     .8 |   1.0    9.1    8.3    6.7 |      4.7 
  1997           |    .3    1.7     .6     .4     .5     .7     .5    1.2     .8     .7     .9     .4 |  10.0    7.8    9.2    9.7 |      8.6 
  1998           |    .9     .3     .1     .7     .3    -.6    -.3    2.4    -.3    1.0    -.1     .2 |   6.9    3.8    3.9    6.8 |      6.8 
  1999           |    .4     .6     .2     .3     .9    -.1     .4     .9    -.2    1.1     .7     .7 |   3.9    4.9    4.7    8.4 |      5.0 
                 |                                                                                    |                            |
  2000           |    .0     .5     .7     .6     .4     .2    -.3    -.4     .4    -.4    -.4    -.6 |   5.1    6.7    -.7   -2.8 |      4.7 
  2001           |   -.9    -.5    -.4    -.3    -.5    -.7    -.3    -.5    -.6    -.3    -.3    -.1 |  -7.4   -4.9   -5.7   -4.3 |     -4.0 
  2002           |    .6     .1     .3     .2     .3     .6    -.2     .2    -.1    -.5     .0    -.6 |   2.1    3.4    1.7   -2.9 |      -.7 
  2003           |    .7     .0    -.3    -.6    -.1     .2     .5    -.2     .7                      |   1.0   -3.2    2.9        |          
                 |                                                                                    |                            |
 IP (1997=100)   |                                                                                    |                            |
  1973           |  51.0   51.8   52.0   51.8   52.1   52.1   52.3   52.2   52.6   53.0   53.3   53.3 |  51.6   52.0   52.3   53.2 |     52.3 
  1974           |  53.0   52.8   52.8   52.7   53.0   53.0   52.8   52.4   52.4   52.0   50.5   48.2 |  52.9   52.9   52.6   50.2 |     52.1 
                 |                                                                                    |                            |
  1975           |  47.4   46.1   45.5   45.3   45.3   45.7   46.4   46.7   47.5   47.6   47.7   48.4 |  46.3   45.5   46.9   47.9 |     46.6 
  1976           |  49.0   49.9   49.9   50.3   50.6   50.6   50.9   51.2   51.3   51.3   52.0   52.6 |  49.6   50.5   51.2   52.0 |     50.8 
  1977           |  52.5   53.4   54.2   54.8   55.2   55.6   55.7   56.0   56.0   56.2   56.2   56.9 |  53.4   55.2   55.9   56.4 |     55.2 
  1978           |  56.2   56.3   57.3   58.1   58.4   58.8   58.8   59.0   59.3   59.7   60.2   60.7 |  56.6   58.4   59.1   60.2 |     58.6 
  1979           |  60.3   60.5   60.8   60.1   60.7   60.8   60.8   60.0   60.1   60.2   60.0   60.2 |  60.6   60.5   60.3   60.1 |     60.4 
                 |                                                                                    |                            |
  1980           |  60.5   60.5   60.0   58.9   57.1   56.2   55.7   56.1   57.0   57.8   58.9   59.1 |  60.3   57.4   56.3   58.6 |     58.2 
  1981           |  58.8   58.6   58.8   59.2   59.5   59.3   59.4   59.4   59.1   58.4   57.7   56.7 |  58.8   59.3   59.3   57.6 |     58.8 
  1982           |  55.5   57.0   56.6   56.3   56.1   56.1   56.0   55.5   55.2   54.6   54.3   54.0 |  56.4   56.2   55.6   54.3 |     55.6 
  1983           |  55.4   55.3   55.8   56.5   57.3   57.7   58.5   58.9   60.0   60.7   60.9   61.1 |  55.5   57.2   59.2   60.9 |     58.2 
  1984           |  62.2   62.8   63.3   63.6   63.8   64.2   64.5   64.6   64.4   64.6   64.8   65.0 |  62.8   63.9   64.5   64.8 |     64.0 
                 |                                                                                    |                            |
  1985           |  64.7   64.6   65.1   65.0   65.1   65.2   64.8   65.2   65.3   65.0   65.4   65.6 |  64.8   65.1   65.1   65.3 |     65.1 
  1986           |  66.4   66.1   65.8   66.1   66.2   66.0   66.4   66.5   66.7   66.9   67.2   67.8 |  66.1   66.1   66.5   67.3 |     66.5 
  1987           |  67.4   68.5   68.6   69.0   69.5   69.9   70.4   70.7   71.0   72.1   72.5   72.8 |  68.2   69.5   70.7   72.5 |     70.2 
  1988           |  72.7   72.9   73.1   73.6   73.6   73.6   73.8   73.9   74.1   74.5   74.7   75.1 |  72.9   73.6   73.9   74.8 |     73.8 
  1989           |  75.6   74.9   74.8   74.9   74.3   74.4   73.5   74.2   73.9   73.8   73.9   74.0 |  75.1   74.5   73.9   73.9 |     74.4 
                 |                                                                                    |                            |
  1990           |  74.0   75.0   75.3   75.2   75.2   75.4   75.3   75.5   75.4   74.9   74.0   73.5 |  74.7   75.3   75.4   74.1 |     74.9 
  1991           |  72.9   72.5   71.9   72.2   72.7   73.5   73.7   73.8   74.6   74.5   74.3   74.2 |  72.4   72.8   74.0   74.3 |     73.4 
  1992           |  73.8   74.5   75.2   75.6   76.1   76.2   76.8   76.6   76.6   77.0   77.4   77.3 |  74.5   75.9   76.6   77.2 |     76.1 
  1993           |  78.0   78.1   78.1   78.5   78.4   78.3   78.6   78.4   79.0   79.5   79.9   80.5 |  78.1   78.4   78.6   80.0 |     78.8 
  1994           |  80.7   80.9   81.8   82.4   83.0   83.3   83.6   84.3   84.5   85.3   85.9   87.0 |  81.1   82.9   84.1   86.1 |     83.6 
                 |                                                                                    |                            |
  1995           |  87.4   87.3   87.4   87.3   87.3   87.7   87.1   88.2   89.0   88.8   89.0   89.4 |  87.4   87.4   88.1   89.1 |     88.0 
  1996           |  88.7   89.8   89.5   90.5   91.2   92.2   92.5   93.1   93.8   93.8   94.7   95.4 |  89.3   91.3   93.1   94.7 |     92.1 
  1997           |  95.7   97.3   97.8   98.2   98.7   99.4   99.9  101.1  101.9  102.6  103.5  103.9 |  96.9   98.8  101.0  103.3 |    100.0 
  1998           | 104.8  105.1  105.2  106.0  106.4  105.8  105.5  108.0  107.7  108.9  108.8  109.0 | 105.1  106.1  107.1  108.9 |    106.8 
  1999           | 109.4  110.1  110.3  110.6  111.6  111.5  111.9  112.9  112.7  114.0  114.8  115.6 | 109.9  111.3  112.5  114.8 |    112.1 
                 |                                                                                    |                            |
  2000           | 115.6  116.2  117.0  117.8  118.2  118.4  118.1  117.6  118.1  117.6  117.1  116.5 | 116.2  118.1  117.9  117.1 |    117.4 
  2001           | 115.4  114.8  114.3  114.1  113.5  112.7  112.4  111.8  111.2  110.8  110.5  110.4 | 114.9  113.4  111.8  110.5 |    112.7 
  2002           | 111.0  111.0  111.4  111.6  111.9  112.6  112.4  112.6  112.5  111.9  111.9  111.3 | 111.1  112.1  112.5  111.7 |    111.8 
  2003           | 112.0  112.1  111.8  111.1  111.0  111.2  111.7  111.5  112.3                      | 112.0  111.1  111.9        |          
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 Note: Estimates from July 2003 through September 2003 are subject to further revision in the upcoming monthly releases.
 <1> See footnote 2 to table 3.
 <2> Annual averages of industrial production are calculated from not seasonally adjusted indexes.