Table 10
 Gross-Value-Weighted Industrial Production:  Stage-of-Process Groups
 Percent change, seasonally adjusted
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                                                             |             | Fourth quarter to   |                            |                            |
                                                             |             |   fourth quarter    |        Annual rate         |        Monthly rate        |
                                                             |             |---------------------|----------------------------|----------------------------|  May '02 
                                                             |        2002 |                     |  2002                 2003 |  2003                      |     to
 Item                                                        |        gross|  2000   2001   2002 |    Q2     Q3   Q4    Q1  r |  Feb.   Mar.   Apr.    May |   May '03 
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                                                             |             |                     |                            |                            |
  Finished                                                   |   1773.1    |   1.8   -5.2     .4 |   1.8    2.8   -5.1     .5 |   -.4    -.3    -.5    -.1 |      -1.3 
  Semi-finished                                              |   1771.7    |   3.8   -5.7    3.2 |   7.6    6.1   -2.6    -.3 |    .2    -.7    -.7     .1 |       -.2 
  Primary                                                    |    866.8    |  -1.3   -6.0    3.5 |   7.4    1.4   -1.7    1.3 |    .1   -1.2    -.5     .2 |       -.9 
  Crude                                                      |    355.2    |  -4.5   -4.3    -.4 |   5.1    2.3   -6.2   -3.0 |    .0     .0    -.7     .2 |      -2.7 
                                                             |             |                     |                            |                            |
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 r  Revised.  p  Preliminary.
      <1>  Billions of 1996 dollars.