INDUSTRIAL PRODUCTION AND CAPACITY UTILIZATION:  SUMMARY
 Seasonally adjusted
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                               |                    1992=100                     |                  Percent change
                               | ----------------------------------------------- | -------------------------------------------------
                               |       2001                                      |   2001                          |    Dec. '00 to 
 Industrial production         |      Sept.        Oct.        Nov.        Dec.  |  Sept.    Oct.    Nov.    Dec.  |      Dec. '01 
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                               |                                                 |                                 |
  Total index                  |      138.5       137.5       136.9       136.7  |   -1.1     -.7     -.4     -.1  |           -5.8 
     Previous estimates        |      138.8       137.6       137.1              |    -.8     -.9     -.3          |                
                               |                                                 |                                 |
  Major market groups:         |                                                 |                                 |
  Products, total              |      127.7       126.6       126.5       126.2  |   -1.3     -.8     -.1     -.2  |           -5.5 
     Consumer goods            |      119.9       119.5       119.8       119.8  |   -1.2     -.4      .3      .0  |           -2.3 
     Business equipment        |      168.4       166.2       166.0       164.6  |   -2.8    -1.3     -.1     -.9  |          -13.0 
     Construction supplies     |      138.1       134.1       133.6       133.1  |    -.5    -2.9     -.4     -.4  |           -4.6 
  Materials                    |      156.5       155.6       154.3       154.3  |    -.6     -.6     -.9      .0  |           -6.2 
                               |                                                 |                                 |
  Major industry groups:       |                                                 |                                 |
  Manufacturing                |      142.9       141.8       141.5       141.3  |   -1.1     -.7     -.2     -.1  |           -5.9 
     Durable                   |      176.1       173.5       173.5       173.6  |   -1.6    -1.5      .0      .0  |           -7.9 
     Nondurable                |      110.5       110.6       110.0       109.7  |    -.5      .1     -.5     -.3  |           -3.3 
  Mining                       |      102.1       100.1        99.4        98.6  |     .6    -1.9     -.7     -.8  |           -2.3 
  Utilities                    |      118.1       118.8       116.2       116.7  |   -2.5      .6    -2.2      .4  |           -8.7 
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                               |                                                                                   |    Capacity
                               |                                Percent of capacity                                |     growth
                               | --------------------------------------------------------------------------------- | ---------------
                               |     Average        1982     1988-89       2000  |   2001                          |    Dec. '00 to 
 Capacity utilization          |  1967-2000          Low        High       Dec.  |  Sept.    Oct.    Nov.    Dec.  |      Dec. '01 
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                               |                                                 |                                 |
  Total industry               |       82.1        71.1        85.4        80.2  |   75.5    74.9    74.5    74.4  |            1.5 
     Previous estimates        |                                                 |   75.7    75.0    74.7          |                
                               |                                                 |                                 |
  Manufacturing                |       81.1        69.0        85.7        78.4  |   73.7    73.1    72.9    72.8  |            1.4 
     Advanced processing       |       80.5        71.0        84.2        77.6  |   73.3    72.7    72.8    72.6  |             .8 
     Primary processing        |       82.2        65.7        88.3        79.6  |   74.4    73.7    73.1    73.0  |            2.4 
  Mining                       |       87.6        80.3        88.0        90.2  |   90.9    89.1    88.4    87.7  |             .5 
  Utilities                    |       87.7        75.9        92.6        95.6  |   85.1    85.2    83.0    82.9  |            5.3 
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 Note:  Estimates for December are preliminary.  Estimates from September to November are revised.