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        |
                                                             |                  |---------------------|----------------------------|----------------------------| Mar. '03 
                                                             |             2003 |                     |  2003                 2004 |  2003   2004               |     to
 Item                                                        |    gross value<1>|  2001   2002   2003 |    Q2     Q3  Q4  r  Q1    |  Dec.   Jan.   Feb.   Mar. |  Mar. '04 
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                                                             |                  |                     |                            |                            |
  Finished                                                   |        1815.7    |  -4.2    1.4    2.2 |  -3.9    5.7    5.2    5.7 |    .3     .3    1.0    -.3 |       3.7 
  Semi-finished                                              |        1775.2    |  -6.5    3.1    2.1 |  -3.6    5.8    6.8    9.4 |    .2    1.1    1.2    -.3 |       5.0 
  Primary                                                    |         849.6    |  -6.2    3.1     .2 | -10.3    3.3    8.5    7.0 |   1.0     .5     .4    -.6 |       3.0 
  Crude                                                      |         354.8    |  -2.9    -.6    -.6 |  -5.9    3.0    2.0    5.7 |    .0    1.1     .5    -.3 |       1.2 
                                                             |                  |                     |                            |                            |
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 r  Revised.  p  Preliminary.
      <1>  Billions of 1996 dollars.