Table 10
 Gross-Value-Weighted Industrial Production:  Stage-of-Process Groups
 Percent change, seasonally adjusted
 ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                             |                  | Fourth quarter to   |                            |                            |
                                                             |                  |   fourth quarter    |        Annual rate         |        Monthly rate        |
                                                             |                  |---------------------|----------------------------|----------------------------|  May '06 
                                                             |             2006 |                     |  2006                 2007 |  2007                      |     to
 Item                                                        |    gross value<1>|  2004   2005   2006 |    Q2     Q3   Q4    Q1  r |  Feb.   Mar.   Apr.    May |   May '07 
 ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                             |                  |                     |                            |                            |
  Finished                                                   |        1980.5    |   2.4    5.6    3.4 |   6.1    2.3    2.3   -1.4 |    .4     .1     .6    -.1 |       2.1 
  Semifinished                                               |        1754.9    |   2.4    6.2    2.5 |   5.9    5.7   -2.7    -.5 |    .7    -.5     .4     .2 |       1.6 
  Primary                                                    |         992.6    |   4.5    -.8     .1 |   4.4    5.0  -13.3    7.2 |   1.7   -1.3     .3     .1 |       -.5 
  Crude                                                      |         420.0    |   5.2   -8.3    7.1 |   6.5    2.5   -3.4    1.2 |   1.1    1.1    -.5    -.4 |        .1 
                                                             |                  |                     |                            |                            |
 ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------
 r  Revised.  p  Preliminary.
      <1>  Billions of 2000 dollars.