INDUSTRIAL PRODUCTION AND CAPACITY UTILIZATION:  SUMMARY
 Seasonally adjusted
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                               |                    1992=100                     |                  Percent change
                               | ----------------------------------------------- | -------------------------------------------------
                               |       2001                                2002  |   2001                    2002  |    Jan. '01 to 
 Industrial production         |       Oct.        Nov.        Dec.        Jan.  |   Oct.    Nov.    Dec.    Jan.  |      Jan. '02 
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                               |                                                 |                                 |
  Total index                  |      137.7       137.1       136.7       136.5  |    -.6     -.4     -.3     -.1  |           -5.2 
     Previous estimates        |      137.5       136.9       136.7              |    -.7     -.4     -.1          |                
                               |                                                 |                                 |
  Major market groups:         |                                                 |                                 |
  Products, total              |      126.8       126.7       126.6       126.2  |    -.7     -.1     -.2     -.3  |           -4.9 
     Consumer goods            |      119.6       119.9       120.8       120.3  |    -.3      .3      .7     -.5  |            -.6 
     Business equipment        |      166.9       166.9       164.1       164.7  |    -.9      .0    -1.7      .4  |          -12.7 
     Construction supplies     |      134.6       134.3       135.2       134.2  |   -2.5     -.2      .7     -.7  |           -3.3 
  Materials                    |      155.9       154.3       153.4       153.8  |    -.4    -1.0     -.6      .2  |           -5.5 
                               |                                                 |                                 |
  Major industry groups:       |                                                 |                                 |
  Manufacturing                |      142.1       141.8       141.3       141.3  |    -.5     -.2     -.4      .0  |           -5.1 
     Durable                   |      173.9       174.0       173.4       173.6  |   -1.3      .0     -.3      .1  |           -6.5 
     Nondurable                |      110.8       110.3       109.8       109.6  |     .3     -.4     -.4     -.2  |           -3.5 
  Mining                       |       99.5        98.8        97.4        96.9  |   -2.5     -.7    -1.4     -.5  |           -4.3 
  Utilities                    |      119.4       115.9       117.2       116.5  |    1.1    -2.9     1.1     -.7  |           -7.0 
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                               |                                                                                   |    Capacity
                               |                                Percent of capacity                                |     growth
                               | --------------------------------------------------------------------------------- | ---------------
                               |     Average        1982     1988-89       2001  |   2001                    2002  |    Jan. '01 to 
 Capacity utilization          |  1967-2001          Low        High       Jan.  |   Oct.    Nov.    Dec.    Jan.  |      Jan. '02 
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                               |                                                 |                                 |
  Total industry               |       81.9        71.1        85.4        79.3  |   75.0    74.7    74.4    74.2  |            1.3 
     Previous estimates        |                                                 |   74.9    74.5    74.4          |                
                               |                                                 |                                 |
  Manufacturing                |       80.9        69.0        85.7        77.6  |   73.3    73.1    72.8    72.7  |            1.2 
     Advanced processing       |       80.3        71.0        84.2        77.0  |   72.9    73.0    72.9    72.6  |             .7 
     Primary processing        |       82.0        65.7        88.3        78.4  |   73.9    73.1    72.6    72.9  |            2.0 
  Mining                       |       87.6        80.3        88.0        90.5  |   88.4    87.7    86.3    85.9  |             .8 
  Utilities                    |       87.6        75.9        92.6        93.4  |   85.7    82.9    83.4    82.6  |            5.2 
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 Note:  Estimates for January are preliminary.  Estimates from October to December are revised.