INDUSTRIAL PRODUCTION AND CAPACITY UTILIZATION:  SUMMARY
 Seasonally adjusted
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                               |                    1992=100                     |                  Percent change
                               | ----------------------------------------------- | -------------------------------------------------
                               |       2002                                      |   2002                          |     May '01 to
 Industrial production         |       Feb.        Mar.        Apr.         May  |   Feb.    Mar.    Apr.     May  |      May '02
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                               |                                                 |                                 |
  Total index                  |      138.1       138.7       139.1       139.3  |     .4      .4      .3      .2  |           -1.6
     Previous estimates        |      138.0       138.6       139.2              |     .3      .4      .4          |               
                               |                                                 |                                 |
  Major market groups:         |                                                 |                                 |
  Products, total              |      126.9       127.6       127.4       127.5  |     .2      .6     -.1      .1  |           -2.6
     Consumer goods            |      121.2       121.8       121.9       121.9  |     .5      .5      .0      .0  |             .4
     Business equipment        |      164.0       163.5       162.6       162.8  |    -.8     -.3     -.5      .1  |          -10.2
     Construction supplies     |      136.8       139.6       138.5       139.1  |     .3     2.1     -.8      .4  |             .3
  Materials                    |      157.1       157.5       159.0       159.5  |     .8      .3      .9      .3  |             .1
                               |                                                 |                                 |
  Major industry groups:       |                                                 |                                 |
  Manufacturing                |      142.9       143.5       143.8       144.1  |     .2      .5      .2      .2  |           -1.6
     Durable                   |      176.0       176.7       177.4       177.8  |     .2      .4      .4      .2  |           -2.7
     Nondurable                |      110.5       111.1       111.0       111.2  |     .2      .6     -.1      .2  |            -.2
  Mining                       |       96.6        95.4        96.4        97.1  |    -.3    -1.3     1.0      .7  |           -5.7
  Utilities                    |      120.3       122.0       123.1       122.0  |    3.9     1.4      .9     -.9  |            1.9
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                               |                                                                                   |    Capacity
                               |                                Percent of capacity                                |     growth
                               | --------------------------------------------------------------------------------- | ---------------
                               |     Average        1982     1988-89       2001  |   2002                          |     May '01 to
 Capacity utilization          |  1967-2001          Low        High        May  |   Feb.    Mar.    Apr.     May  |      May '02
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                               |                                                 |                                 |
  Total industry               |       81.9        71.1        85.4        77.5  |   75.0    75.3    75.4    75.5  |            1.0
     Previous estimates        |                                                 |   75.0    75.3    75.5          |               
                               |                                                 |                                 |
  Manufacturing                |       80.9        69.0        85.7        75.8  |   73.5    73.8    73.8    73.9  |             .9
     Advanced processing       |       80.3        71.0        84.2        75.6  |   72.7    72.9    72.8    72.8  |             .6
     Primary processing        |       82.0        65.7        88.3        75.9  |   74.6    75.1    75.4    75.6  |            1.4
  Mining                       |       87.6        80.3        88.0        91.9  |   85.6    84.5    85.3    86.0  |             .8
  Utilities                    |       87.6        75.9        92.6        87.9  |   84.9    85.9    86.4    85.3  |            5.0
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 Note:  Estimates for May are preliminary.  Estimates from February to April are revised.