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        |
                                                             |                  |---------------------|----------------------------|----------------------------| Dec. '03 
                                                             |             2003 |                     |  2004                      |  2004                      |     to
 Item                                                        |    gross value<1>|  2002   2003   2004 |    Q1     Q2  Q3  r  Q4    | Sept.   Oct.   Nov.   Dec. |  Dec. '04 
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                                                             |                  |                     |                            |                            |
  Finished                                                   |       1,743.2    |    .3    3.5    5.1 |   6.3    3.9    4.6    5.7 |   -.3    1.5    -.3     .5 |       5.0 
  Semi-finished                                              |       1,556.6    |   3.8     .2    4.8 |   9.0    4.4     .7    5.3 |   -.1     .9     .2     .9 |       4.8 
  Primary                                                    |         925.6    |   3.4     .1    1.8 |    .7    -.2    2.2    4.7 |    .1     .2     .7    1.6 |       2.2 
  Crude                                                      |         394.0    |   -.6   -1.3    1.8 |   3.3    3.2    2.4   -1.4 |  -2.3     .4    1.0     .6 |       2.4 
                                                             |                  |                     |                            |                            |
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 r  Revised.  p  Preliminary.
      <1>  Billions of 2000 dollars.