FEDERAL RESERVE STATISTICAL RELEASE G.17 (419) For release at 9:15 a.m. (EST) February 17, 1998 INDUSTRIAL PRODUCTION AND CAPACITY UTILIZATION Industrial production was unchanged in January as warmer than average weather led to a 4.0 percent drop in the output of utilities. Production in the manufacturing sector, moderating from the strong pace seen last fall and summer, grew 0.4 percent in December and 0.3 percent in January. Another decline in motor vehicle production slightly retarded the overall gain in factory output in January, but motor vehicle output remained at a high level. At 127.9 percent of its 1992 average, total industrial production in January was 5.5 percent higher than it was in January 1997. The rate of industrial capacity utilization edged down to 83.0 percent, still above its long-term average of 82.1 percent. Market Groups ------------- The output of consumer goods was little changed for a second consecutive month. Within the durables sector, automotive products fell back for the second consecutive month; the output of other durable consumer goods, especially appliances, rose sharply after being little changed in December. The production of nondurable consumer goods slipped 0.2 percent, reversing the December increase. A sharp drop in the residential use of utilities in January outweighed the increase in the output of non-energy nondurable consumer goods. The growth in output of business equipment moderated recently; the rise of 0.2 percent in each of the past two months was well below the pace seen during most of 1997. The output of computers and commercial aircraft rose strongly, while output retreated for other major business equipment components, most notably industrial equipment. The production of construction supplies increased further in January after a healthy gain in the fourth quarter of last year. The output of materials was flat in January, as moderate increases in durable and nondurable goods materials were offset by a weather-related pullback in energy materials. Among durable goods materials, the output of parts for high-technology equipment and for aircraft continued to increase rapidly; the output of parts for consumer goods, particularly for motor vehicles, declined. Among nondurable goods materials, the output of paper increased, while production in most other major groups was little changed. Industry Groups --------------- Posting more moderate gains than those of last summer and fall, factories increased their output 0.4 percent in December and 0.3 percent in January. The output of durables rose just 0.3 percent as strong increases in computer and office equipment, aircraft, and electrical machinery were partially offset by a decrease in motor vehicles and parts. The production of nondurables edged up 0.2 percent; strong gains in foods, textiles, and petroleum products were nearly matched by decreases in a number of other industries. Capacity utilization for manufacturing edged down to 82.1 percent. Utilization in advanced-processing industries decreased 0.2 percentage point to a level still around its long-run average. The operating rate in primary-processing industries was unchanged, remaining 3.7 percentage points above its long-run average. INDUSTRIAL PRODUCTION AND CAPACITY UTILIZATION: SUMMARY Seasonally adjusted | Index, 1992=100 | Percent change | 1997 1998 | 1997 1998 | Jan. 97 to Industrial Production | Oct. Nov. Dec. Jan. | Oct. Nov. Dec. Jan. | Jan. 98 ------------------------------------------------------------------------------------------------------------------------ | | | Total index | 126.5 127.4 127.9 127.9 | .8 .7 .4 .0 | 5.5 Previous estimates | 126.5 127.5 128.1 | .7 .8 .5 | | | | Major market groups: | | | Products, total | 120.2 121.2 121.3 121.3 | 1.0 .8 .1 .0 | 4.6 Consumer goods | 115.9 116.6 116.5 116.4 | 1.3 .6 -.1 -.1 | 2.9 Business equipment | 145.5 147.5 147.9 148.2 | .8 1.4 .2 .2 | 9.9 Construction supplies | 121.3 123.4 123.8 124.2 | .7 1.8 .3 .3 | 4.2 Materials | 136.7 137.3 138.5 138.6 | .5 .5 .9 .0 | 6.8 | | | Major industry groups: | | | Manufacturing | 129.1 130.4 130.9 131.2 | .8 1.0 .4 .3 | 6.3 Durable | 145.5 147.6 148.3 148.8 | .8 1.5 .4 .3 | 9.3 Nondurable | 112.2 112.6 113.0 113.3 | .8 .4 .3 .2 | 2.8 Mining | 105.9 105.3 104.8 106.3 | -.6 -.5 -.5 1.5 | 2.6 Utilities | 116.9 114.2 115.9 111.3 | 1.5 -2.2 1.4 -4.0 | -1.1 ------------------------------------------------------------------------------------------------------------------------ | | Capacity | Percent of Capacity | Growth | Average 1982 1988-89 1997 | 1997 1998 | Jan. 97 to Capacity Utilization | 1967-97 Low High Jan. | Oct. Nov. Dec. Jan. | Jan. 98 ------------------------------------------------------------------------------------------------------------------------ | | | Total industry | 82.1 71.1 85.4 82.4 | 83.0 83.2 83.3 83.0 | 4.7 Previous estimates | | 83.0 83.3 83.4 | | | | Manufacturing | 81.1 69.0 85.7 81.4 | 81.9 82.3 82.3 82.1 | 5.3 Advanced processing | 80.5 70.4 84.2 79.6 | 80.2 80.7 80.6 80.4 | 6.3 Primary processing | 82.4 66.2 88.9 85.5 | 85.7 86.0 86.1 86.1 | 3.4 Mining | 87.5 80.3 88.0 88.2 | 89.6 89.1 88.6 89.9 | .6 Utilities | 87.3 75.9 92.6 89.5 | 92.0 89.9 91.1 87.4 | 1.3 ------------------------------------------------------------------------------------------------------------------------ Note: Estimates for January are preliminary. Estimates from October to December are revised. Table 1A INDUSTRIAL PRODUCTION: MARKET GROUPS | | Index, 1992=100 | 1997 | Seasonally adjusted | Not seasonally adjusted | IP| 1997 1998 | 1997 1998 Item |Proporti| Aug. Sept. Oct. Nov. Dec. Jan. | Aug. Sept. Oct. Nov. Dec. Jan. --------------------------------------------------------------------------------------------------------------------------------------------------- | | | Total index | 100.00 | 125.2 125.6 126.5 127.4 127.9 127.9 | 128.5 128.8 128.2 126.4 125.4 126.2 | | | Products, total | 59.89 | 119.2 119.1 120.2 121.2 121.3 121.3 | 123.4 123.6 122.7 120.1 118.8 119.0 Final products | 45.08 | 120.5 120.3 121.5 122.5 122.4 122.6 | 124.2 124.5 123.7 121.2 120.1 121.0 | | | Consumer goods | 28.09 | 114.6 114.5 115.9 116.6 116.5 116.4 | 119.1 118.9 117.9 114.9 114.2 115.7 Durable | 5.82 | 132.1 131.9 131.4 136.6 134.8 135.4 | 132.5 135.4 139.8 136.8 126.9 128.8 Automotive products | 2.56 | 131.6 132.8 131.2 138.4 134.0 132.8 | 131.1 136.2 143.4 138.3 119.5 123.1 Autos and trucks | 1.57 | 137.6 140.9 139.7 147.8 142.8 139.6 | 136.1 143.5 158.1 149.0 121.7 125.2 Autos | .64 | 118.6 119.9 115.2 120.3 113.9 116.0 | 117.5 116.1 128.4 120.3 96.7 102.1 Trucks | .93 | 161.2 166.5 168.6 179.8 176.0 167.7 | 156.3 172.1 189.1 178.9 147.6 149.5 Auto parts and allied goods | .99 | 121.8 120.1 117.9 123.8 120.2 122.0 | 122.5 124.5 121.3 121.9 115.1 118.8 Other durable goods | 3.26 | 132.5 131.1 131.5 135.2 135.5 137.4 | 133.6 134.7 136.9 135.6 132.9 133.4 Appliances and electronics | .85 | 169.8 166.0 169.4 176.9 177.3 183.6 | 170.7 172.8 180.9 175.6 165.1 176.6 Appliances and air cond. | .47 | 122.9 116.9 119.7 128.8 128.4 135.3 | 116.3 117.7 127.9 123.7 114.5 131.7 Home electronics | .38 | 239.5 241.5 245.5 247.7 249.9 253.1 | 258.0 261.2 262.7 256.0 244.8 240.1 Carpeting and furniture | .82 | 117.7 116.2 116.5 122.9 117.8 121.2 | 122.6 121.6 121.1 118.4 112.3 115.4 Miscellaneous | 1.60 | 119.8 119.4 118.6 119.2 122.3 121.7 | 118.6 120.4 121.6 122.7 124.6 119.8 Nondurable | 22.27 | 110.3 110.2 112.1 111.7 112.0 111.7 | 115.6 114.7 112.5 109.6 110.9 112.4 Nonenergy | 18.99 | 109.9 109.8 111.4 111.7 111.6 112.0 | 117.4 117.4 115.1 109.8 106.9 107.0 Foods and tobacco | 9.75 | 108.9 108.6 109.7 110.7 111.1 112.0 | 117.2 116.8 115.5 109.5 104.8 106.3 Clothing | 1.81 | 96.0 96.0 96.4 95.1 95.4 94.7 | 100.4 100.2 99.2 94.6 92.3 88.7 Chemical products | 4.53 | 119.4 119.4 123.0 122.3 121.9 122.8 | 131.2 132.2 125.9 116.8 116.0 116.8 Paper products | 2.90 | 109.8 110.1 111.3 111.6 110.1 109.1 | 110.7 110.4 109.6 111.4 111.3 108.5 Energy products | 3.28 | 112.8 112.4 116.2 112.1 114.4 110.5 | 105.3 99.4 97.5 108.8 134.7 143.9 Fuels | 1.07 | 111.0 110.8 112.0 106.5 110.4 112.2 | 111.6 112.4 111.6 110.7 114.7 108.5 Utilities | 2.21 | 113.2 112.8 117.8 114.4 116.0 109.2 | 101.8 92.5 90.1 107.4 143.9 160.8 | | | Equipment, total | 17.00 | 130.9 130.6 131.3 132.9 132.8 133.6 | 133.2 134.5 133.9 132.5 130.6 130.3 Business equipment | 13.91 | 144.6 144.4 145.5 147.5 147.9 148.2 | 147.7 149.2 148.6 146.7 144.1 143.8 Information processing & related | 5.28 | 171.1 172.9 174.3 175.3 175.5 175.7 | 176.8 179.6 175.8 174.8 176.2 170.9 Computer and office | .96 | 407.1 414.6 420.3 426.9 435.4 442.5 | 426.2 432.9 422.3 416.4 427.1 418.1 Industrial | 4.51 | 135.8 133.8 135.9 135.7 137.4 136.6 | 138.8 139.8 137.5 133.8 133.0 133.0 Transit | 2.68 | 113.3 114.2 113.0 119.9 119.1 121.2 | 112.7 113.9 119.0 120.1 111.9 115.9 Autos and trucks | 1.32 | 120.3 120.2 117.0 128.2 120.1 122.6 | 121.7 120.9 130.7 128.4 101.9 110.3 Other | 1.44 | 137.9 135.1 137.5 137.7 136.6 136.5 | 140.8 141.1 142.1 136.9 130.1 134.3 Defense and space equipment | 2.02 | 75.0 74.7 74.7 74.7 74.6 75.0 | 74.0 74.8 74.8 75.5 76.8 75.4 Oil and gas well drilling | .86 | 153.2 153.1 149.1 150.0 145.9 155.0 | 155.3 155.8 152.1 154.1 153.4 155.1 Manufactured homes | .21 | 139.5 137.2 136.9 138.1 132.4 139.4 | 153.1 145.9 152.8 134.6 110.7 120.3 | | | Intermediate products | 14.81 | 115.3 115.2 116.3 117.2 117.9 117.3 | 121.0 120.9 119.7 116.5 114.7 113.0 Construction supplies | 5.74 | 122.7 120.4 121.3 123.4 123.8 124.2 | 128.2 127.7 127.3 123.0 117.2 115.1 Business supplies | 9.07 | 111.0 112.2 113.4 113.5 114.4 113.2 | 116.8 116.9 115.2 112.7 113.1 111.6 | | | Materials | 40.11 | 134.9 136.1 136.7 137.3 138.5 138.6 | 136.4 137.0 137.0 136.7 136.2 137.9 | | | Durable | 22.62 | 160.3 161.3 163.2 164.9 166.2 166.7 | 162.1 164.2 165.2 164.5 162.6 163.4 Consumer parts | 4.25 | 140.3 140.7 141.8 142.3 145.6 143.4 | 144.0 142.8 147.7 141.6 130.1 142.3 Equipment parts | 8.29 | 227.6 229.6 233.3 238.0 240.2 243.5 | 226.6 231.3 232.8 239.6 245.7 241.7 Other | 10.08 | 126.0 126.6 127.8 128.5 128.5 128.8 | 128.3 130.3 129.6 127.5 125.7 124.2 Basic metals | 3.30 | 121.8 121.7 122.5 124.8 122.5 122.9 | 119.6 123.0 122.6 124.1 121.0 121.3 Nondurable | 8.87 | 112.3 113.3 113.1 113.8 114.8 115.0 | 112.7 113.7 114.7 113.0 110.3 114.6 Textile | .91 | 108.4 111.4 111.9 111.0 112.7 112.8 | 110.8 110.7 114.3 110.6 102.9 112.9 Paper | 1.85 | 114.3 112.7 113.4 112.3 113.9 114.7 | 115.2 112.2 113.0 111.9 110.9 116.2 Chemical | 4.27 | 113.9 115.6 115.0 115.2 116.1 116.3 | 113.4 116.4 114.9 113.9 112.5 114.9 Other | 1.84 | 108.6 109.5 109.0 113.7 113.6 113.4 | 109.8 110.7 116.0 113.3 108.3 112.8 Energy | 8.62 | 103.9 105.5 104.7 103.4 104.5 103.5 | 105.9 103.3 100.6 102.2 106.3 107.1 Primary | 5.59 | 102.4 102.2 101.7 100.8 101.4 101.4 | 102.4 100.3 98.0 100.1 102.8 103.4 Converted fuel | 3.03 | 106.8 111.8 110.6 108.3 110.4 107.7 | 112.4 109.3 105.5 106.1 113.0 114.3 | | | SPECIAL AGGREGATES | | | | | | Total excluding: | | | Autos and trucks | 97.11 | 125.1 125.4 126.5 127.1 127.8 127.8 | 128.4 128.7 127.7 126.1 125.8 126.4 Motor vehicles and parts | 94.85 | 124.6 124.8 125.9 126.5 127.1 127.2 | 127.8 128.2 127.0 125.5 125.6 125.7 Computers | 98.52 | 122.6 122.9 123.8 124.6 125.1 125.1 | 125.7 126.0 125.4 123.7 122.6 123.5 Computers and semiconductors | 95.15 | 116.3 116.6 117.4 118.0 118.4 118.3 | 119.4 119.6 119.0 117.1 115.9 116.7 | | | Consumer goods excluding: | | | Autos and trucks | 26.52 | 113.4 113.0 114.6 114.9 115.1 115.1 | 118.1 117.5 115.8 113.1 113.7 115.1 Energy | 24.81 | 114.9 114.7 115.9 117.2 116.8 117.2 | 120.9 121.5 120.6 115.7 111.4 111.9 | | | Business equipment excluding: | | | Autos and trucks | 12.59 | 147.5 147.3 149.0 149.8 151.2 151.2 | 150.8 152.6 150.6 148.8 149.3 147.9 Computer and office equipment | 12.95 | 131.2 130.8 131.8 133.6 133.7 133.8 | 133.5 134.9 134.5 132.8 130.0 130.0 | | | Materials excluding: | | | Energy | 31.49 | 144.8 145.8 147.0 148.3 149.5 150.0 | 146.1 147.9 148.9 147.8 145.6 147.6 --------------------------------------------------------------------------------------------------------------------------------------------------- <1> The IP proportion data are estimates of the industries' relative contributions to overall IP growth in the following year. Note: Estimates for January are preliminary. Estimates from October to December are revised. Table 1B INDUSTRIAL PRODUCTION: MARKET GROUPS Percent change | | Seasonally adjusted | | | | 1996 Q4 | annual rate | Seasonally adjusted | Not seasonally adjusted | Jan. 97 | to | 1997 | 1997 1998 | 1997 1998 | to Item | 1997 Q4 | Q1 Q2 Q3 Q4 | Oct. Nov. Dec. Jan. | Oct. Nov. Dec. Jan. | Jan. 98 ------------------------------------------------------------------------------------------------------------------------------------------------------------- | | | | | Total index | 5.7 | 5.2 4.6 6.0 7.1 | .8 .7 .4 .0 | -.5 -1.4 -.8 .6 | 5.5 | | | | | Products, total | 4.8 | 3.9 3.6 4.4 7.3 | 1.0 .8 .1 .0 | -.8 -2.1 -1.1 .2 | 4.6 Final products | 5.1 | 4.0 3.7 5.6 7.2 | 1.0 .8 -.1 .2 | -.7 -1.9 -.9 .7 | 5.0 | | | | | Consumer goods | 3.0 | .9 1.4 2.6 7.2 | 1.3 .6 -.1 -.1 | -.8 -2.5 -.6 1.3 | 2.9 Durable | 6.1 | 9.1 -2.1 6.6 11.3 | -.4 4.0 -1.3 .4 | 3.2 -2.1 -7.2 1.5 | 5.8 Automotive products | 8.7 | 15.8 -11.3 12.5 21.1 | -1.2 5.5 -3.2 -.8 | 5.3 -3.5 -13.6 3.0 | 4.3 Autos and trucks | 11.1 | 20.2 -20.9 18.2 35.7 | -.8 5.8 -3.3 -2.2 | 10.2 -5.8 -18.3 2.9 | 3.6 Autos | 3.7 | 14.6 -15.8 22.9 -2.3 | -3.9 4.5 -5.3 1.8 | 10.5 -6.3 -19.6 5.5 | 1.3 Trucks | 15.9 | 23.6 -24.9 14.6 69.4 | 1.3 6.6 -2.1 -4.7 | 9.9 -5.4 -17.5 1.3 | 4.8 Auto parts and allied goods | 5.0 | 8.6 6.6 4.2 .8 | -1.8 5.0 -3.0 1.5 | -2.6 .5 -5.6 3.2 | 5.6 Other durable goods | 4.0 | 4.2 5.5 2.3 4.2 | .3 2.8 .2 1.4 | 1.6 -.9 -2.1 .4 | 7.0 Appliances and electronics | 7.4 | .5 6.6 12.2 10.6 | 2.0 4.4 .2 3.5 | 4.7 -2.9 -6.0 6.9 | 16.7 Appliances and air cond. | -.8 | 1.2 -5.3 -4.8 6.1 | 2.4 7.5 -.3 5.4 | 8.6 -3.2 -7.4 15.0 | 9.2 Home electronics | 18.1 | -.3 21.4 38.8 16.0 | 1.6 .9 .9 1.3 | .6 -2.5 -4.4 -1.9 | 26.4 Carpeting and furniture | 2.9 | -2.2 10.0 -3.5 8.1 | .3 5.5 -4.1 2.9 | -.4 -2.2 -5.1 2.7 | 6.3 Miscellaneous | 2.9 | 10.0 2.6 .4 -1.1 | -.6 .5 2.6 -.5 | 1.0 .9 1.6 -3.9 | 2.3 Nondurable | 2.2 | -1.2 2.4 1.6 6.2 | 1.7 -.3 .2 -.2 | -1.9 -2.6 1.2 1.3 | 2.1 Nonenergy | 2.3 | .9 1.1 1.2 6.1 | 1.4 .2 -.1 .4 | -1.9 -4.7 -2.6 .1 | 2.5 Foods and tobacco | 1.9 | 3.7 -2.6 1.1 5.5 | 1.0 .9 .4 .8 | -1.1 -5.3 -4.2 1.4 | 2.6 Clothing | -1.4 | -3.7 -.6 .1 -1.2 | .4 -1.3 .2 -.7 | -1.0 -4.6 -2.4 -3.9 | -1.9 Chemical products | 4.4 | -.7 6.4 -.6 12.9 | 3.0 -.5 -.3 .7 | -4.7 -7.2 -.7 .7 | 4.0 Paper products | 2.8 | -2.9 6.9 4.8 2.8 | 1.1 .3 -1.4 -.9 | -.7 1.6 -.1 -2.5 | 2.4 Energy products | 1.6 | -12.6 10.5 3.9 6.3 | 3.4 -3.5 2.1 -3.5 | -1.9 11.6 23.7 6.9 | .0 Fuels | 2.0 | -2.3 15.7 -2.2 -2.0 | 1.1 -4.9 3.6 1.6 | -.7 -.8 3.6 -5.4 | 6.1 Utilities | 1.4 | -17.3 8.0 7.0 10.5 | 4.5 -2.9 1.4 -5.9 | -2.6 19.2 34.0 11.7 | -2.9 | | | | | Equipment, total | 8.7 | 9.4 7.6 10.6 7.2 | .5 1.2 .0 .6 | -.4 -1.0 -1.5 -.2 | 8.5 Business equipment | 10.6 | 10.7 8.3 13.5 10.0 | .8 1.4 .2 .2 | -.5 -1.3 -1.8 -.2 | 9.9 Information processing & related | 12.2 | 10.5 12.6 16.4 9.5 | .8 .6 .1 .1 | -2.1 -.5 .8 -3.0 | 11.4 Computer and office | 34.0 | 30.9 32.9 48.3 24.8 | 1.4 1.6 2.0 1.6 | -2.4 -1.4 2.6 -2.1 | 32.6 Industrial | 5.4 | 2.5 4.5 9.0 5.7 | 1.6 -.2 1.3 -.6 | -1.7 -2.7 -.6 .0 | 5.1 Transit | 16.9 | 21.6 3.0 21.4 22.8 | -1.1 6.2 -.7 1.7 | 4.5 .9 -6.9 3.6 | 17.4 Autos and trucks | 7.2 | 19.0 -16.2 14.0 16.0 | -2.6 9.6 -6.3 2.1 | 8.1 -1.7 -20.7 8.3 | 5.3 Other | 9.7 | 20.4 13.6 3.4 2.4 | 1.7 .2 -.9 -.1 | .8 -3.7 -4.9 3.2 | 5.2 Defense and space equipment | -2.5 | -4.8 .3 -4.2 -1.1 | .0 .1 -.2 .6 | .1 .9 1.7 -1.8 | -.6 Oil and gas well drilling | 9.1 | 31.5 15.9 4.8 -11.1 | -2.6 .6 -2.7 6.2 | -2.3 1.3 -.4 1.1 | 12.0 Manufactured homes | -1.2 | 5.4 6.0 -3.5 -11.7 | -.2 .8 -4.1 5.3 | 4.8 -11.9 -17.8 8.7 | 1.2 | | | | | Intermediate products | 3.8 | 3.7 3.1 1.0 7.4 | .9 .7 .6 -.5 | -1.0 -2.7 -1.6 -1.5 | 3.3 Construction supplies | 2.3 | 3.4 3.3 -2.0 4.7 | .7 1.8 .3 .3 | -.3 -3.3 -4.7 -1.8 | 4.2 Business supplies | 4.7 | 3.9 2.9 2.9 9.2 | 1.1 .1 .8 -1.0 | -1.4 -2.2 .4 -1.3 | 2.8 | | | | | Materials | 7.1 | 7.2 6.1 8.4 6.8 | .5 .5 .9 .0 | .0 -.2 -.3 1.3 | 6.8 | | | | | Durable | 11.1 | 9.9 10.8 12.1 11.6 | 1.2 1.0 .8 .3 | .6 -.4 -1.1 .5 | 11.0 Consumer parts | 6.6 | 5.5 -.4 12.5 9.5 | .8 .3 2.3 -1.5 | 3.5 -4.1 -8.1 9.4 | 5.3 Equipment parts | 21.4 | 23.2 23.1 20.9 18.6 | 1.6 2.0 .9 1.4 | .6 2.9 2.5 -1.6 | 21.1 Other | 4.5 | 1.2 5.4 4.8 6.8 | .9 .5 .0 .2 | -.5 -1.7 -1.4 -1.2 | 5.1 Basic metals | 4.8 | .2 8.0 5.2 5.8 | .6 1.9 -1.8 .3 | -.2 1.2 -2.5 .3 | 5.3 Nondurable | 2.9 | 5.8 .1 2.8 3.1 | -.2 .7 .8 .2 | .8 -1.4 -2.4 3.9 | 3.1 Textile | 4.0 | -1.8 2.8 11.0 4.2 | .4 -.8 1.5 .1 | 3.2 -3.3 -6.9 9.6 | 5.4 Paper | 3.4 | 8.1 1.5 5.7 -1.5 | .6 -.9 1.4 .8 | .7 -1.0 -.9 4.8 | 3.9 Chemical | 2.1 | 6.5 -1.9 2.0 2.0 | -.5 .1 .8 .2 | -1.3 -.8 -1.2 2.1 | 1.2 Other | 3.9 | 5.8 2.1 -1.9 10.0 | -.5 4.3 -.1 -.2 | 4.8 -2.3 -4.5 4.2 | 5.3 Energy | 1.0 | 1.6 -.2 4.4 -1.6 | -.7 -1.3 1.1 -.9 | -2.7 1.6 4.0 .8 | .0 Primary | .5 | 4.2 -1.1 2.7 -3.7 | -.5 -.8 .6 .0 | -2.3 2.2 2.7 .6 | .2 Converted fuel | 2.0 | -3.0 1.6 7.5 2.2 | -1.0 -2.1 1.9 -2.5 | -3.4 .6 6.5 1.2 | -.3 | | | | | SPECIAL AGGREGATES | | | | | | | | | | Total excluding: | | | | | Autos and trucks | 5.6 | 4.8 5.4 5.7 6.5 | .8 .5 .6 .0 | -.8 -1.3 -.2 .5 | 5.5 Motor vehicles and parts | 5.4 | 4.7 5.4 5.3 6.4 | .9 .4 .5 .1 | -.9 -1.2 .1 .1 | 5.4 Computers | 5.3 | 4.8 4.1 5.4 6.8 | .8 .6 .4 .0 | -.4 -1.4 -.9 .7 | 5.0 Computers and semiconductors | 4.1 | 3.4 2.7 4.2 6.0 | .7 .5 .3 -.1 | -.5 -1.6 -1.0 .7 | 3.8 | | | | | Consumer goods excluding: | | | | | Autos and trucks | 2.5 | -.2 3.0 1.8 5.7 | 1.4 .2 .1 .1 | -1.5 -2.3 .5 1.2 | 2.8 Energy | 3.2 | 2.8 .3 2.4 7.3 | 1.0 1.1 -.4 .4 | -.7 -4.1 -3.7 .4 | 3.2 | | | | | Business equipment excluding: | | | | | Autos and trucks | 11.0 | 9.9 11.2 13.5 9.4 | 1.1 .5 1.0 .0 | -1.3 -1.2 .3 -.9 | 10.3 Computer and office equipment | 8.8 | 9.0 6.2 11.1 8.9 | .7 1.4 .1 .1 | -.3 -1.2 -2.1 .0 | 8.1 | | | | | Materials excluding: | | | | | Energy | 8.8 | 8.7 7.8 9.4 9.2 | .8 .9 .8 .3 | .7 -.7 -1.5 1.4 | 8.7 ------------------------------------------------------------------------------------------------------------------------------------------------------------- Notes: Percent changes shown in the first and last columns are based on seasonally adjusted data. Estimates for January are preliminary. Estimates from October to December are revised. Table 2A INDUSTRIAL PRODUCTION: INDUSTRY GROUPS | | Index, 1992=100 | 1997 | Seasonally adjusted | Not seasonally adjusted | IP| 1997 1998 | 1997 1998 Item |Proporti| Aug. Sept. Oct. Nov. Dec. Jan. | Aug. Sept. Oct. Nov. Dec. Jan. --------------------------------------------------------------------------------------------------------------------------------------------------- | | | Total index | 100.00 | 125.2 125.6 126.5 127.4 127.9 127.9 | 128.5 128.8 128.2 126.4 125.4 126.2 | | | Manufacturing | 85.98 | 127.9 128.0 129.1 130.4 130.9 131.2 | 131.5 132.6 132.3 129.6 126.8 127.1 | | | Primary processing | 27.57 | 118.5 118.6 118.9 119.8 120.2 120.5 | 120.1 121.2 121.1 119.3 116.9 117.4 Advanced processing | 58.41 | 132.5 132.7 134.1 135.7 136.2 136.6 | 137.2 138.3 137.9 134.8 131.7 131.9 | | | Durable | 46.43 | 144.3 144.4 145.5 147.6 148.3 148.8 | 146.3 148.1 148.8 147.3 144.2 144.6 Lumber and products 24 | 2.08 | 115.4 113.3 112.9 116.9 115.3 114.8 | 119.6 118.7 119.3 115.0 109.1 109.3 Furniture and fixtures 25 | 1.40 | 121.1 122.0 123.0 125.1 125.6 126.8 | 129.8 129.0 124.4 123.8 123.3 122.0 Stone, clay, and glass products 32 | 2.24 | 120.5 121.2 121.0 122.1 123.2 124.2 | 125.2 125.4 125.6 122.0 117.1 116.8 | | | Primary metals 33 | 3.47 | 125.5 125.9 127.4 128.7 127.6 128.0 | 122.7 127.3 127.7 128.0 124.0 127.1 Iron and steel 331,2 | 1.86 | 121.8 124.5 126.4 127.0 125.0 125.6 | 118.3 125.6 126.9 125.8 120.8 123.9 Raw steel | .09 | 116.1 119.2 117.7 120.9 119.2 117.8 | 112.2 118.1 117.2 119.4 116.5 118.0 Nonferrous 333-6,9 | 1.61 | 129.9 127.7 128.6 130.7 130.6 131.0 | 128.0 129.3 128.6 130.7 127.9 130.9 Fabricated metal products 34 | 5.25 | 122.8 122.7 124.4 124.7 125.9 126.1 | 126.2 127.7 126.7 125.3 125.5 121.7 Industrial machinery | | | and equipment 35 | 8.66 | 175.9 173.7 176.5 176.8 179.1 179.2 | 178.5 180.8 178.9 173.7 172.6 174.1 Computer and office equip. 357 | 1.48 | 403.9 412.0 418.0 425.0 434.1 441.6 | 422.9 430.2 420.1 414.6 425.9 417.3 Electrical machinery 36 | 8.33 | 236.8 237.5 240.8 247.5 249.2 252.0 | 238.8 242.5 243.9 249.8 251.2 247.2 Semiconductors 3672-9 | 3.37 | 511.3 515.5 527.3 546.5 557.1 570.2 | 507.4 517.0 526.6 551.9 569.7 564.4 | | | Transportation equipment 37 | 8.94 | 117.0 118.8 118.3 121.7 122.1 121.9 | 117.5 118.8 124.2 121.8 112.8 118.8 Motor vehicles and parts 371 | 5.15 | 138.9 141.2 139.6 145.9 143.8 142.5 | 141.4 141.7 152.5 145.5 122.2 135.7 Autos and light trucks | 2.59 | 129.5 132.3 130.4 137.7 132.6 130.6 | 128.4 133.9 147.6 138.9 113.2 117.0 Aerospace and misc. 372-6,9 | 3.79 | 95.5 96.8 97.3 98.1 100.7 101.6 | 94.1 96.3 96.7 98.6 103.1 101.9 Instruments 38 | 4.69 | 109.2 108.9 109.7 110.0 108.9 109.6 | 111.4 112.1 110.1 109.2 109.3 107.0 Miscellaneous 39 | 1.37 | 126.7 126.1 126.5 126.2 128.7 128.5 | 127.1 129.0 130.3 130.5 130.0 124.2 | | | Nondurable | 39.55 | 111.0 111.3 112.2 112.6 113.0 113.3 | 116.2 116.5 115.4 111.6 109.0 109.3 Foods 20 | 9.30 | 108.9 108.6 109.2 110.8 111.2 112.7 | 115.8 116.9 114.7 110.6 108.0 107.4 Tobacco products 21 | 1.31 | 112.5 112.0 118.8 116.1 117.3 113.6 | 123.7 115.0 129.8 114.2 95.1 110.1 Textile mill products 22 | 1.52 | 110.7 111.4 111.6 112.8 111.1 112.2 | 114.6 114.0 117.2 110.0 99.5 105.9 Apparel products 23 | 1.77 | 99.1 99.1 99.3 98.4 99.2 98.9 | 102.1 102.2 101.0 99.0 99.4 95.7 Paper and products 26 | 3.42 | 114.4 113.7 112.8 113.6 114.1 114.3 | 115.4 113.4 114.5 112.5 110.1 115.8 | | | Printing and publishing 27 | 6.58 | 104.4 105.1 106.7 107.5 107.2 106.2 | 111.0 111.5 109.7 107.3 105.1 100.9 Chemicals and products 28 | 10.00 | 114.5 115.6 116.7 116.4 117.0 117.4 | 119.8 121.7 118.3 113.2 111.9 114.1 Petroleum products 29 | 1.82 | 109.7 110.1 111.2 108.7 110.6 111.5 | 114.4 114.3 111.7 110.2 111.1 103.7 Rubber and plastics products 30 | 3.65 | 127.9 127.6 127.4 129.5 129.9 130.0 | 129.2 129.3 129.4 129.6 129.1 128.0 Leather and products 31 | .18 | 71.2 70.9 72.4 70.9 71.4 70.8 | 72.4 72.7 73.5 71.9 71.4 69.1 | | | Mining | 6.40 | 106.3 106.5 105.9 105.3 104.8 106.3 | 108.0 108.3 107.6 106.6 104.7 104.0 Metal mining 10 | .42 | 106.0 105.3 111.1 113.6 104.5 105.0 | 107.8 108.3 109.7 111.8 104.3 101.1 Coal mining 12 | .86 | 107.7 109.5 109.6 111.2 116.8 116.2 | 111.3 112.1 111.6 110.0 112.6 115.5 Oil and gas extraction 13 | 4.53 | 104.1 104.3 103.1 101.9 100.9 102.9 | 103.1 103.7 102.9 103.8 103.6 103.4 Stone and earth minerals 14 | .59 | 119.9 117.7 116.2 116.3 117.0 118.4 | 140.3 137.3 136.1 116.4 97.6 88.4 | | | Utilities | 7.62 | 113.0 115.1 116.9 114.2 115.9 111.3 | 112.6 105.8 102.1 108.8 126.8 133.4 Electric 491,3pt | 6.09 | 113.1 115.7 118.1 114.7 116.3 112.9 | 126.5 118.0 108.8 106.2 116.1 120.1 Gas 492,3pt | 1.54 | 112.5 112.7 111.9 112.5 114.5 105.1 | 60.0 60.0 77.4 120.2 169.5 186.6 | | | SPECIAL AGGREGATES | | | | | | Computers, communications eq, and | | | semiconductors | 6.89 | 364.0 369.3 374.9 385.0 390.3 395.9 | 366.9 374.8 376.5 388.4 399.3 390.1 | | | Manufacturing excluding: | | | Motor vehicles and parts | 80.83 | 127.2 127.3 128.4 129.4 130.1 130.5 | 131.0 132.0 131.1 128.7 127.1 126.6 Computer and office equipment | 84.50 | 124.8 124.9 125.9 127.1 127.6 127.9 | 128.3 129.3 129.1 126.4 123.6 123.9 Computers and semiconductors | 81.13 | 117.5 117.5 118.4 119.4 119.7 119.9 | 121.0 121.8 121.5 118.7 115.7 116.1 Computers, communications eq, and | | | semiconductors | 79.08 | 116.3 116.4 117.2 118.2 118.6 118.7 | 119.9 120.7 120.4 117.4 114.3 114.9 Memo: Motor vehicle assemblies 2 | | | Total | | 12.3 12.5 12.3 13.1 12.5 12.4 | 11.7 12.7 14.6 12.0 11.2 11.1 Autos | | 6.1 6.1 5.9 6.1 5.8 5.9 | 5.8 6.0 7.0 5.7 5.2 5.3 Trucks | | 6.2 6.4 6.5 6.9 6.7 6.5 | 5.9 6.7 7.7 6.4 6.0 5.8 Light | | 5.9 6.1 6.2 6.6 6.4 6.1 | 5.6 6.4 7.4 6.1 5.7 5.5 Heavy and medium | | 0.3 0.3 0.3 0.3 0.3 0.3 | 0.3 0.3 0.3 0.3 0.3 0.3 | | | --------------------------------------------------------------------------------------------------------------------------------------------------- <1> The IP proportion data are estimates of the industries' relative contributions to overall IP growth in the following year. <2> Millions of units at an annual rate. Notes: Primary processing manufacturing includes textile mill products, paper and products, industrial chemicals, synthetic materials, and fertilizers, petroleum products, rubber and plastics products, lumber and products, primary metals, fabricated metals, and stone, clay, and glass products. Advanced processing manufacturing includes foods, tobacco products, apparel products, printing and publishing, chemical products and other agricultural chemicals, leather and products, furniture and fixtures, industrial and commercial machinery and computer equipment, electrical machinery, transportation equipment, instruments, and miscellaneous manufactures. Estimates for the month of January are preliminary. Estimates from October to December are revised. Table 2B INDUSTRIAL PRODUCTION: INDUSTRY GROUPS Percent change | | Seasonally adjusted | | | | 1996 Q4 | annual rate | Seasonally adjusted | Not seasonally adjusted | Jan. 97 | to | 1997 | 1997 1998 | 1997 1998 | to Item | 1997 Q4 | Q1 Q2 Q3 Q4 | Oct. Nov. Dec. Jan. | Oct. Nov. Dec. Jan. | Jan. 98 ------------------------------------------------------------------------------------------------------------------------------------------------------------ | | | | | Total index | 5.7 | 5.2 4.6 6.0 7.1 | .8 .7 .4 .0 | -.5 -1.4 -.8 .6 | 5.5 | | | | | Manufacturing | 6.3 | 6.2 4.9 6.1 8.0 | .8 1.0 .4 .3 | -.2 -2.0 -2.2 .3 | 6.3 | | | | | Primary processing | 3.4 | 3.4 3.7 2.6 3.9 | .2 .7 .4 .3 | -.1 -1.5 -2.0 .4 | 4.0 Advanced processing | 7.7 | 7.6 5.4 7.8 10.0 | 1.1 1.1 .4 .3 | -.2 -2.3 -2.3 .2 | 7.3 | | | | | Durable | 9.4 | 9.4 8.1 10.1 10.0 | .8 1.5 .4 .3 | .5 -1.0 -2.1 .3 | 9.3 Lumber and products 24 | 2.4 | 4.2 10.8 -5.1 .3 | -.4 3.6 -1.3 -.5 | .5 -3.7 -5.1 .1 | 3.1 Furniture and fixtures 25 | 4.2 | 2.7 10.7 -3.2 7.2 | .8 1.7 .4 1.0 | -3.6 -.4 -.4 -1.0 | 6.0 Stone, clay, and glass products 32 | 4.6 | 8.8 3.3 2.4 4.0 | -.2 .9 .9 .8 | .1 -2.9 -4.0 -.3 | 4.1 | | | | | Primary metals 33 | 5.6 | -.4 9.9 5.7 7.7 | 1.2 1.0 -.9 .3 | .3 .3 -3.1 2.5 | 7.2 Iron and steel 331,2 | 5.4 | -.8 10.9 .8 11.3 | 1.5 .5 -1.6 .4 | 1.0 -.9 -4.0 2.6 | 5.7 Raw steel | 7.3 | 5.8 8.7 6.5 8.3 | -1.2 2.7 -1.4 -1.2 | -.7 1.8 -2.4 1.3 | 5.3 Nonferrous 333-6,9 | 6.0 | .1 8.7 11.8 3.7 | .7 1.7 -.1 .2 | -.5 1.6 -2.2 2.4 | 9.1 Fabricated metal products 34 | 3.5 | 2.3 2.9 1.0 8.0 | 1.4 .3 .9 .2 | -.8 -1.1 .1 -3.0 | 4.5 Industrial machinery | | | | | and equipment 35 | 11.2 | 11.2 10.8 14.3 8.3 | 1.6 .2 1.3 .1 | -1.1 -2.9 -.7 .9 | 10.1 Computer and office equip. 357 | 35.8 | 32.7 34.9 50.2 26.4 | 1.5 1.7 2.1 1.7 | -2.4 -1.3 2.7 -2.0 | 34.4 Electrical machinery 36 | 18.4 | 18.0 20.0 19.0 16.5 | 1.4 2.8 .7 1.1 | .6 2.4 .6 -1.6 | 19.3 Semiconductors 3672-9 | 39.5 | 46.2 41.4 40.3 30.6 | 2.3 3.6 1.9 2.3 | 1.9 4.8 3.2 -.9 | 39.2 | | | | | Transportation equipment 37 | 11.8 | 14.0 -.1 17.2 17.2 | -.4 2.9 .3 -.2 | 4.6 -1.9 -7.4 5.3 | 9.9 Motor vehicles and parts 371 | 11.1 | 15.8 -8.9 20.5 20.0 | -1.1 4.5 -1.4 -1.0 | 7.6 -4.5 -16.1 11.1 | 6.8 Autos and light trucks | 9.7 | 19.0 -20.2 19.0 28.0 | -1.4 5.5 -3.7 -1.5 | 10.2 -5.9 -18.5 3.4 | 3.1 Aerospace and misc. 372-6,9 | 12.8 | 11.5 13.4 12.7 13.5 | .5 .8 2.7 .9 | .4 1.9 4.6 -1.2 | 14.4 Instruments 38 | 3.4 | 2.1 3.2 5.1 3.1 | .7 .2 -.9 .6 | -1.8 -.8 .0 -2.1 | 3.5 Miscellaneous 39 | 4.9 | 11.4 3.1 3.3 1.8 | .3 -.3 2.0 -.2 | 1.0 .2 -.4 -4.5 | 3.6 | | | | | Nondurable | 2.7 | 2.5 1.2 1.5 5.7 | .8 .4 .3 .2 | -1.0 -3.3 -2.3 .2 | 2.8 Foods 20 | 1.9 | 4.6 -1.9 .4 4.7 | .6 1.4 .4 1.3 | -1.9 -3.6 -2.3 -.6 | 3.1 Tobacco products 21 | 4.1 | .9 -6.6 1.9 22.3 | 6.1 -2.3 1.0 -3.2 | 12.8 -12.0 -16.7 15.7 | 1.4 Textile mill products 22 | 4.3 | .6 4.4 9.3 3.1 | .2 1.1 -1.5 1.0 | 2.8 -6.2 -9.6 6.5 | 4.9 Apparel products 23 | -2.0 | -3.7 -1.2 -1.8 -1.2 | .2 -.8 .8 -.4 | -1.2 -2.0 .4 -3.7 | -1.7 Paper and products 26 | 3.1 | 6.1 1.8 6.9 -2.0 | -.7 .7 .5 .1 | 1.0 -1.7 -2.1 5.2 | 3.1 | | | | | Printing and publishing 27 | 4.0 | 1.6 3.7 .9 10.1 | 1.5 .7 -.2 -1.0 | -1.6 -2.2 -2.1 -3.9 | 2.9 Chemicals and products 28 | 2.5 | 2.2 1.0 .1 6.8 | 1.0 -.2 .5 .4 | -2.8 -4.3 -1.1 1.9 | 2.0 Petroleum products 29 | 2.5 | .8 12.7 -5.0 2.3 | 1.0 -2.2 1.8 .7 | -2.3 -1.3 .9 -6.7 | 4.2 Rubber and plastics products 30 | 4.0 | 1.9 1.7 6.6 5.8 | -.1 1.7 .3 .1 | .0 .2 -.3 -.9 | 5.4 Leather and products 31 | -7.3 | -4.4 -6.5 -15.3 -2.5 | 2.1 -2.0 .7 -.8 | 1.1 -2.2 -.8 -3.2 | -7.4 | | | | | Mining | 1.6 | 7.1 1.9 1.8 -4.1 | -.6 -.5 -.5 1.5 | -.6 -1.0 -1.7 -.7 | 2.6 Metal mining 10 | 3.0 | -1.8 3.9 -5.6 17.0 | 5.5 2.2 -7.9 .4 | 1.3 1.9 -6.7 -3.1 | -.5 Coal mining 12 | 4.5 | 2.2 5.0 .6 10.4 | .0 1.5 5.0 -.5 | -.5 -1.5 2.4 2.6 | 8.2 Oil and gas extraction 13 | 1.4 | 8.7 2.4 3.0 -8.0 | -1.1 -1.2 -1.0 2.0 | -.8 .9 -.2 -.2 | 1.8 Stone and earth minerals 14 | -1.1 | 10.2 -6.6 -.7 -6.4 | -1.2 .1 .6 1.2 | -.9 -14.5 -16.1 -9.4 | 2.9 | | | | | Utilities | 2.5 | -6.8 3.3 8.3 6.1 | 1.5 -2.2 1.4 -4.0 | -3.6 6.6 16.5 5.2 | -1.1 Electric 491,3pt | 3.4 | -3.5 -.9 11.1 7.7 | 2.1 -2.9 1.4 -2.9 | -7.8 -2.3 9.3 3.4 | .0 Gas 492,3pt | -.9 | -18.7 21.0 -2.0 .1 | -.8 .5 1.8 -8.2 | 29.1 55.3 41.0 10.1 | -5.5 | | | | | SPECIAL AGGREGATES | | | | | | | | | | Computers, communications eq, and | | | | | semiconductors | 30.3 | 31.8 31.9 34.2 23.7 | 1.5 2.7 1.4 1.4 | .5 3.2 2.8 -2.3 | 29.6 | | | | | Manufacturing excluding: | | | | | Motor vehicles and parts | 6.0 | 5.6 5.8 5.2 7.3 | .9 .8 .5 .4 | -.7 -1.9 -1.3 -.4 | 6.2 Computer and office equipment | 5.8 | 5.7 4.3 5.4 7.7 | .8 1.0 .3 .2 | -.2 -2.0 -2.3 .3 | 5.8 Computers and semiconductors | 4.4 | 4.1 2.7 4.0 6.8 | .7 .9 .3 .1 | -.3 -2.3 -2.5 .4 | 4.4 Computers, communications eq, and | | | | | semiconductors | 4.2 | 4.0 2.4 3.7 6.7 | .7 .8 .3 .2 | -.3 -2.5 -2.7 .5 | 4.2 ------------------------------------------------------------------------------------------------------------------------------------------------------------ Notes: Estimates for January are preliminary. Estimates from October to December are revised. Percent changes shown in the first and last columns are based on seasonally adjusted data. Table 3 CAPACITY UTILIZATION: MANUFACTURING, MINING, AND UTILITIES Percent of capacity, seasonally adjusted | | 1967- 1978- 1988- 1990-| | | 1997 | 1997 1973 1980 1982 1989 1991| 1997 | 1997 1998 Item | Proportion| Ave. High High Low High Low| Jan. | Aug. Sept. Oct. Nov. Dec. Jan. --------------------------------------------------------------------------------------------------------------------------------------------------------- | | | | Total industry | 100.00 | 82.1 89.2 87.3 71.1 85.4 78.1 | 82.4 | 82.8 82.7 83.0 83.2 83.3 83.0 | | | | Manufacturing | 87.20 | 81.1 88.5 86.9 69.0 85.7 76.6 | 81.4 | 81.8 81.6 81.9 82.3 82.3 82.1 | | | | Primary processing | 26.38 | 82.4 91.2 88.1 66.2 88.9 77.7 | 85.5 | 85.8 85.7 85.7 86.0 86.1 86.1 Advanced processing | 60.83 | 80.5 87.2 86.7 70.4 84.2 76.1 | 79.6 | 80.0 79.7 80.2 80.7 80.6 80.4 | | | | Durable | 47.85 | 79.4 89.2 87.7 63.9 84.6 73.1 | 80.4 | 81.4 81.0 81.1 81.8 81.6 81.3 Lumber and products 24 | 2.10 | 82.6 88.7 87.9 60.8 93.6 75.5 | 81.4 | 82.5 80.7 80.1 82.7 81.4 80.7 Furniture and fixtures 25 | 1.43 | 81.5 96.8 85.5 68.9 86.6 72.5 | 80.4 | 79.2 79.5 79.8 80.9 80.9 81.4 Stone, clay, and glass products 32 | 2.24 | 78.2 88.8 88.0 64.3 83.5 69.7 | 82.6 | 81.7 81.9 81.5 82.0 82.5 82.9 | | | | Primary metals 33 | 3.11 | 81.2 100.2 94.2 45.1 92.7 73.7 | 88.9 | 91.4 91.5 92.3 93.0 91.9 91.9 Iron and steel 331,2 | 1.70 | 81.0 105.8 95.8 37.0 95.2 71.8 | 88.9 | 89.1 90.8 91.9 92.1 90.4 90.5 Raw steel | .08 | 80.9 102.7 95.8 35.2 92.7 71.5 | 88.7 | 88.9 90.8 89.2 91.1 89.4 87.9 Nonferrous 333-6,9 | 1.41 | 81.5 90.8 91.1 60.1 89.3 74.2 | 89.1 | 94.3 92.5 92.8 94.1 93.8 93.8 Primary copper 3331 | .07 | 74.9 93.4 81.5 42.1 86.3 73.5 | 90.6 | 96.2 92.7 98.7 97.1 95.4 Primary aluminum 3334 | .13 | 88.4 95.7 97.6 58.6 100.4 97.3 | 85.3 | 85.9 85.6 86.5 86.3 86.4 | | | | Fabricated metal products 34 | 5.42 | 77.9 87.8 83.9 63.7 82.0 71.9 | 79.9 | 78.9 78.6 79.3 79.2 79.6 79.4 Industrial machinery | | | | and equipment 35 | 8.64 | 81.4 96.0 93.2 64.0 85.4 72.3 | 85.0 | 86.1 84.2 84.8 84.2 84.5 83.8 Computer and office equip. 357 | 1.76 | 81.0 90.9 92.6 65.5 86.9 66.9 | 81.7 | 82.2 81.5 80.3 79.4 78.8 77.9 Electrical machinery 36 | 8.89 | 81.0 89.2 89.4 71.6 84.0 75.0 | 81.1 | 81.9 81.0 80.9 82.0 81.4 81.1 Semiconductors 3672-9 | 3.68 | 79.8 95.6 91.7 75.7 81.0 75.5 | 83.8 | 86.6 85.0 84.7 85.4 84.8 84.5 | | | | Transportation equipment 37 | 9.78 | 75.8 86.1 84.8 57.2 85.8 68.5 | 73.5 | 76.0 77.0 76.4 78.4 78.4 78.1 Motor vehicles and parts 371 | 5.67 | 76.6 93.4 95.0 45.5 89.1 55.9 | 74.2 | 75.2 76.2 75.0 78.1 76.7 75.7 Autos and light trucks <1> | 2.66 | 94.6 40.6 92.3 53.3 | 79.4 | 80.1 81.6 80.3 84.6 81.3 79.9 Aerospace and misc. 372-6,9 | 4.11 | 75.2 78.4 81.9 66.6 87.3 79.2 | 72.6 | 76.9 77.9 78.2 78.6 80.6 81.2 Instruments 38 | 4.84 | 81.7 89.9 92.7 78.4 81.4 77.2 | 79.2 | 80.8 80.5 80.9 81.0 80.1 80.5 Miscellaneous 39 | 1.40 | 75.4 82.9 79.4 65.4 79.0 71.7 | 80.6 | 80.8 80.2 80.3 79.9 81.3 80.9 | | | | Nondurable | 39.36 | 83.4 87.8 87.5 76.4 87.3 80.7 | 82.6 | 82.2 82.3 82.8 83.0 83.1 83.1 Foods 20 | 9.50 | 82.9 86.0 84.6 79.1 85.4 82.7 | 81.3 | 79.8 79.5 79.8 80.8 80.9 81.8 Textile mill products 22 | 1.51 | 85.5 91.4 91.2 72.3 90.4 77.7 | 82.1 | 84.1 84.5 84.5 85.3 83.9 84.6 Apparel products 23 | 1.93 | 81.0 84.2 87.5 77.5 85.1 75.5 | 76.5 | 75.4 75.4 75.5 74.9 75.5 75.2 Paper and products 26 | 3.13 | 89.3 97.1 96.1 80.6 93.5 85.0 | 88.8 | 90.8 90.1 89.2 89.7 90.0 89.9 Pulp and paper 261-3 | 1.37 | 92.4 97.2 98.3 82.0 98.0 89.9 | 92.9 | 94.7 94.0 94.0 93.2 93.3 Printing and publishing 27 | 6.49 | 85.7 89.7 93.9 82.0 91.7 79.6 | 81.5 | 82.1 82.6 83.8 84.4 84.1 83.2 | | | | Chemicals and products 28 | 10.40 | 79.5 87.6 84.6 69.9 86.2 79.3 | 80.2 | 78.3 78.8 79.3 78.9 79.1 79.1 Plastics materials 2821 | .82 | 86.7 102.0 90.9 63.4 97.0 74.8 | 93.2 | 92.0 93.6 91.2 93.0 Synthetic fibers 2823,4 | .33 | 85.1 93.8 98.6 64.4 99.7 77.6 | 94.5 | 85.8 89.4 87.9 84.0 90.1 Petroleum products 29 | 1.57 | 86.6 96.7 90.0 66.8 88.5 85.1 | 93.9 | 95.2 95.4 96.2 93.9 95.5 96.0 Rubber and plastics products 30 | 3.44 | 84.8 95.5 91.2 72.7 89.6 77.4 | 86.8 | 87.9 87.3 87.0 88.1 88.1 87.8 Leather and products 31 | .21 | 80.8 81.3 92.1 75.8 83.3 76.1 | 70.9 | 67.0 67.0 68.5 67.3 67.9 67.5 | | | | Mining | 5.84 | 87.5 94.3 96.0 80.3 88.0 87.0 | 88.2 | 90.0 90.1 89.6 89.1 88.6 89.9 Metal mining 10 | .38 | 79.0 89.6 87.9 44.4 89.4 79.9 | 89.6 | 89.7 89.1 93.9 95.8 88.1 88.4 Coal mining 12 | .82 | 86.9 91.0 99.4 76.6 91.5 83.4 | 85.8 | 85.1 86.5 86.4 87.5 91.8 91.2 Oil and gas extraction 13 | 4.07 | 88.6 96.9 97.3 82.3 88.2 88.7 | 89.1 | 91.6 91.8 90.7 89.7 88.8 90.6 Oil and gas well drilling 138 | .82 | 74.2 93.0 104.3 50.9 69.3 60.0 | 79.5 | 87.4 87.3 84.9 85.3 83.0 88.0 Stone and earth minerals 14 | .57 | 84.8 95.0 92.7 63.3 89.0 79.4 | 84.2 | 85.7 83.9 82.6 82.4 82.6 83.4 | | | | Utilities | 6.96 | 87.3 96.2 89.1 75.9 92.6 83.4 | 89.5 | 89.2 90.8 92.0 89.9 91.1 87.4 Electric 491,3pt | 5.43 | 89.2 99.0 88.2 78.9 95.0 87.1 | 91.0 | 90.5 92.5 94.3 91.5 92.6 89.8 Gas 492,3pt | 1.52 | 82.4 94.1 93.7 69.1 85.0 67.1 | 82.9 | 83.0 83.0 82.3 82.6 83.9 77.0 | | | | SPECIAL AGGREGATES | | | | | | | | Computers, communications eq, and | | | | semiconductors | 7.71 | 80.1 84.0 90.9 77.3 81.9 72.4 | 80.7 | 82.3 81.6 81.1 81.4 80.8 80.1 | | | | Manufacturing ex. computers, | | | | communications eq., and | | | | semiconductors | 79.50 | 81.2 88.8 87.0 68.0 86.1 76.8 | 81.5 | 81.8 81.6 82.0 82.5 82.5 82.4 --------------------------------------------------------------------------------------------------------------------------------------------------------- <1> Series begins in 1977. Notes: Primary processing manufacturing includes textile mill products, paper and products, industrial chemicals, synthetic materials, and fertilizers, petroleum products, rubber and plastics products, lumber and products, primary metals, fabricated metals, and stone, clay, and glass products. Advanced processing manufacturing includes foods, tobacco products, apparel products, printing and publishing, chemical products and other agricultural chemicals, leather and products, furniture and fixtures, industrial and commercial machinery and computer equipment, electrical machinery, transportation equipment, instruments, and miscellaneous manufactures. Estimates for January are preliminary. Estimates from October to December are revised. Table 4 INDUSTRIAL CAPACITY: MANUFACTURING, MINING, AND UTILITIES Percent change Capacity indexes | Annual rate | December to December | Percent of 1992 output | 1967- 1967- 1975-| | | | 1997 1975 1997 | | 1997 | 1997 1998 Item | Ave. Ave. Ave. | 1993 1994 1995 1996 1997 | Jan. | Aug. Sept. Oct. Nov. Dec. Jan. ------------------------------------------------------------------------------------------------------------------------------------------------------------ | | | | Total industry | 3.0 3.8 2.7 | 2.3 3.9 5.0 4.5 4.7 | 147.2 | 151.3 151.9 152.4 153.0 153.6 154.2 | | | | Manufacturing | 3.3 4.0 3.0 | 2.5 4.2 5.6 5.1 5.3 | 151.6 | 156.3 157.0 157.6 158.3 159.0 159.7 | | | | Primary processing | 2.3 4.1 1.5 | 1.4 2.4 3.0 3.4 3.4 | 135.4 | 138.0 138.4 138.8 139.2 139.6 140.0 Advanced processing | 3.8 4.0 3.8 | 3.0 5.2 6.9 5.9 6.3 | 159.8 | 165.7 166.5 167.3 168.1 169.0 169.8 | | | | Durable | 3.8 3.7 3.8 | 3.1 6.1 8.5 7.4 8.0 | 169.3 | 177.2 178.3 179.4 180.6 181.8 182.9 Lumber and products 24 | 2.0 2.9 1.7 | .8 3.0 3.9 4.5 4.0 | 136.8 | 140.0 140.4 140.9 141.3 141.8 142.2 Furniture and fixtures 25 | 3.2 4.5 2.6 | 2.3 2.5 4.0 6.0 4.8 | 148.9 | 152.9 153.5 154.1 154.7 155.3 155.9 Stone, clay, and glass products 32 | 1.5 2.5 1.1 | .0 .9 2.4 3.4 3.7 | 144.4 | 147.5 148.0 148.4 148.9 149.3 149.7 | | | | Primary metals 33 | .3 1.7 -.2 | -.3 2.7 2.4 3.7 3.7 | 134.3 | 137.2 137.6 138.0 138.5 138.9 139.3 Iron and steel 331,2 | -.4 .7 -.8 | -.8 3.1 1.4 4.5 3.8 | 133.7 | 136.6 137.0 137.4 137.9 138.3 138.8 Raw steel | -.7 .3 -1.2 | -4.3 1.4 3.3 2.7 6.1 | 126.1 | 130.7 131.3 132.0 132.7 133.3 134.0 Nonferrous 333-6,9 | 1.7 3.8 .8 | .4 2.2 3.5 2.8 3.7 | 134.7 | 137.7 138.1 138.5 138.9 139.3 139.6 Primary copper 3331 | .7 1.8 .2 | 6.3 3.2 8.3 -1.8 1.2 | 142.9 | 144.0 144.1 144.3 144.5 144.6 144.8 Primary aluminum 3334 | 1.2 5.2 -.4 | .0 .5 .0 .2 .2 | 104.0 | 104.1 104.1 104.1 104.1 104.2 104.2 | | | | Fabricated metal products 34 | 1.9 3.1 1.4 | 2.7 2.5 4.1 4.7 5.1 | 151.1 | 155.5 156.2 156.8 157.5 158.1 158.8 Industrial machinery | | | | and equipment 35 | 5.4 4.7 5.7 | 4.9 8.6 11.0 11.4 11.6 | 191.5 | 204.4 206.2 208.1 210.0 211.9 213.7 Computer and office equip. 357 | 20.7 12.0 24.4 | 20.4 21.9 32.0 40.6 41.0 | 402.1 | 491.3 505.6 520.3 535.4 551.0 566.8 Electrical machinery 36 | 8.2 5.9 9.2 | 10.4 19.1 26.5 18.6 19.3 | 260.4 | 289.0 293.2 297.5 301.8 306.3 310.8 Semiconductors 3672-9 | 18.9 13.1 21.4 | 23.1 43.0 57.1 29.6 37.6 | 489.1 | 590.2 606.2 622.7 639.7 657.1 674.9 | | | | Transportation equipment 37 | 2.7 3.0 2.5 | .7 3.4 3.8 2.3 3.5 | 150.9 | 153.9 154.3 154.8 155.2 155.7 156.2 Motor vehicles and parts 371 | 3.4 4.4 3.0 | 2.6 7.5 8.1 4.5 4.6 | 179.9 | 184.7 185.4 186.0 186.7 187.4 188.1 Autos and light trucks <1> | | .0 5.9 5.7 .8 2.4 | 159.5 | 161.7 162.1 162.4 162.7 163.0 163.4 Aerospace and misc. 372-6,9 | 1.6 1.1 1.7 | -1.7 -1.1 -1.2 -.7 2.1 | 122.5 | 124.1 124.3 124.5 124.8 125.0 125.2 Instruments 38 | 4.6 7.6 3.4 | 1.1 .0 .5 .8 1.9 | 133.6 | 135.1 135.3 135.5 135.7 136.0 136.2 Miscellaneous 39 | 2.3 4.4 1.5 | 1.9 1.9 2.9 3.2 3.2 | 153.9 | 156.8 157.2 157.6 158.0 158.4 158.9 | | | | Nondurable | 2.8 4.3 2.2 | 1.8 2.0 2.4 2.4 2.2 | 133.3 | 135.0 135.2 135.5 135.7 136.0 136.3 Foods 20 | 2.4 3.0 2.2 | 1.8 2.1 2.9 2.5 2.4 | 134.5 | 136.3 136.6 136.9 137.1 137.4 137.7 Textile mill products 22 | 2.2 4.4 1.3 | 2.8 3.9 3.1 2.0 1.8 | 130.3 | 131.7 131.9 132.1 132.3 132.5 132.7 Apparel products 23 | 1.2 2.3 .7 | .8 1.6 2.2 .1 .0 | 131.4 | 131.4 131.4 131.4 131.4 131.4 131.4 Paper and products 26 | 2.8 3.9 2.3 | 1.9 1.3 2.5 2.3 1.8 | 124.8 | 126.0 126.2 126.5 126.7 126.9 127.1 Pulp and paper 261-3 | 2.4 2.9 2.2 | 1.8 2.0 2.9 2.0 1.8 | 119.7 | 120.9 121.1 121.3 121.5 121.7 121.9 Printing and publishing 27 | 2.7 3.0 2.6 | .0 .8 .7 1.0 .7 | 126.6 | 127.2 127.2 127.3 127.4 127.5 127.6 | | | | Chemicals and products 28 | 3.8 6.8 2.6 | 3.1 2.7 2.8 3.6 3.3 | 143.6 | 146.3 146.7 147.1 147.5 148.0 148.4 Plastics materials 2821 | 6.5 12.7 4.1 | .1 6.2 5.3 6.6 5.5 | 135.7 | 140.0 140.6 141.2 141.9 142.5 143.1 Synthetic fibers 2823,4 | 3.8 9.7 1.5 | .6 .4 .4 -.4 3.9 | 119.8 | 122.6 123.1 123.5 123.9 124.3 124.6 Petroleum products 29 | 1.5 4.2 .4 | -.5 2.1 -.5 .4 1.8 | 113.9 | 115.2 115.4 115.6 115.7 115.9 116.1 Rubber and plastics products 30 | 5.4 8.4 4.1 | 3.4 4.4 5.1 4.4 4.2 | 142.1 | 145.5 146.0 146.5 147.0 147.5 148.0 Leather and products 31 | -3.2 -1.5 -4.0 | -2.5 -2.1 -2.6 -2.3 -2.8 | 107.9 | 106.1 105.9 105.6 105.4 105.1 104.9 | | | | Mining | .2 -.1 .3 | .7 1.1 -.7 .4 .7 | 117.5 | 118.1 118.1 118.2 118.2 118.3 118.3 Metal mining 10 | 1.3 .5 1.6 | 1.4 -1.8 1.2 .5 .8 | 117.7 | 118.1 118.2 118.4 118.5 118.6 118.8 Coal mining 12 | 2.4 2.4 2.3 | 1.9 4.3 -.7 1.2 1.7 | 125.2 | 126.5 126.7 126.9 127.1 127.2 127.4 Oil and gas extraction 13 | -.5 -1.0 -.3 | -.2 .3 -1.2 -.1 .1 | 113.5 | 113.7 113.7 113.7 113.6 113.6 113.6 Oil and gas well drilling 138 | .7 .8 .6 | -1.0 -.6 -1.6 -1.2 1.1 | 174.1 | 175.2 175.4 175.6 175.7 175.9 176.1 Stone and earth minerals 14 | 1.4 2.6 .9 | 4.2 2.3 2.4 3.5 4.0 | 136.6 | 139.8 140.3 140.7 141.2 141.6 142.0 | | | | Utilities | 2.8 6.1 1.5 | .8 1.2 2.1 1.5 1.3 | 125.7 | 126.7 126.8 126.9 127.1 127.2 127.3 Electric 491,3pt | 3.8 7.8 2.2 | 1.3 1.0 2.8 1.5 1.3 | 124.0 | 125.0 125.1 125.2 125.4 125.5 125.6 Gas 492,3pt | .4 2.3 -.4 | .2 .4 .5 2.2 1.9 | 134.1 | 135.6 135.8 136.0 136.2 136.4 136.6 | | | | SPECIAL AGGREGATES | | | | | | | | Computers, communications eq, and | | | | semiconductors | 15.2 9.5 17.6 | 18.4 28.3 38.7 29.3 30.5 | 378.4 | 442.5 452.3 462.4 472.7 483.2 494.1 | | | | Manufacturing ex. computers, | | | | communications eq., and | | | | semiconductors | 2.4 3.7 1.9 | 1.4 2.4 3.0 2.9 3.1 | 139.7 | 142.2 142.6 142.9 143.3 143.7 144.0 ------------------------------------------------------------------------------------------------------------------------------------------------------------ <1> Series begins in 1977. Table 5A INDUSTRIAL PRODUCTION, CAPACITY AND UTILIZATION FOR TOTAL INDUSTRY: HISTORICAL DATA ------------------------------------------------------------------------------------------------------------------------------------------- | | | | Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.| Q1 Q2 Q3 Q4| Annual ------------------------------------------------------------------------------------------------------------------------------------------- | | | Industrial | | | Production, | | | Percent | | | Change <1> | | | 1986 | .6 -.7 -1.0 .8 -.2 -.3 .3 .3 -.1 .9 .5 .9 | 2.0 -1.7 .7 6.5 | 1.1 | | | 1987 | -.6 1.2 .4 .4 .4 .9 .6 .1 -.1 1.4 .3 .6 | 4.2 6.7 5.6 7.1 | 4.6 1988 | .1 .3 .0 .6 .1 .1 .7 .5 -.4 .3 .8 .5 | 3.2 3.1 3.9 3.6 | 4.5 1989 | .6 -.8 .9 .2 -.6 -.2 -1.0 .4 -.2 -.5 .4 .5 | 3.8 .5 -4.4 -.1 | 1.8 1990 | -.5 .5 .5 -.6 .4 .0 .0 .2 .1 -.6 -1.3 -.6 | 2.0 .6 1.0 -5.8 | -.2 1991 | -.5 -.8 -.9 .3 .8 1.2 .1 .1 1.0 -.1 -.1 -.6 | -8.3 1.5 6.2 1.1 | -2.0 | | | 1992 | .2 .6 .7 .8 .2 -.3 .7 -.3 .5 .8 .5 .1 | 1.4 6.2 1.9 5.5 | 3.1 1993 | .5 .4 .1 .4 -.6 .2 .4 -.2 1.0 .3 .4 .8 | 4.4 1.1 2.1 5.8 | 3.6 1994 | .3 .5 .7 .5 .7 .5 .5 .3 .2 .7 .8 1.0 | 6.0 7.1 5.5 7.5 | 5.4 1995 | .6 -.1 .1 .0 .3 .3 .0 1.0 .4 -.4 .2 -.1 | 5.9 1.6 4.5 1.1 | 4.9 1996 | -.2 1.2 -.4 1.1 .6 .5 .0 .3 .3 .0 .8 .3 | 2.0 7.5 3.6 3.8 | 3.5 1997 | .3 .6 .3 .5 .2 .2 .8 .6 .3 .8 .7 .4 | 5.2 4.6 6.0 7.1 | 5.0 1998 | .0 | | | | | Industrial | | | Production <2> | | | 1986 | 89.6 89.0 88.1 88.7 88.6 88.2 88.5 88.8 88.7 89.5 89.9 90.8 | 88.9 88.5 88.7 90.1 | 89.0 | | | 1987 | 90.2 91.2 91.6 92.0 92.4 93.2 93.7 93.8 93.7 95.0 95.3 95.9 | 91.0 92.5 93.8 95.4 | 93.2 1988 | 95.9 96.2 96.3 96.8 96.9 97.0 97.6 98.1 97.8 98.0 98.8 99.3 | 96.1 96.9 97.8 98.7 | 97.4 1989 | 99.8 99.0 100.0 100.2 99.6 99.4 98.4 98.8 98.6 98.2 98.6 99.0 | 99.6 99.7 98.6 98.6 | 99.1 1990 | 98.6 99.1 99.6 99.0 99.4 99.3 99.3 99.5 99.6 99.1 97.7 97.2 | 99.1 99.2 99.5 98.0 | 98.9 1991 | 96.7 95.9 95.0 95.4 96.1 97.2 97.3 97.4 98.4 98.3 98.1 97.5 | 95.9 96.2 97.7 98.0 | 97.0 | | | 1992 | 97.7 98.3 99.0 99.8 100.0 99.7 100.3 100.0 100.5 101.2 101.8 101.8 | 98.3 99.8 100.3 101.6 | 100.0 1993 | 102.4 102.8 102.9 103.3 102.7 102.9 103.3 103.1 104.1 104.4 104.9 105.7 | 102.7 103.0 103.5 105.0 | 103.6 1994 | 106.0 106.5 107.2 107.7 108.5 109.0 109.6 109.9 110.1 110.9 111.8 112.9 | 106.6 108.4 109.9 111.9 | 109.2 1995 | 113.5 113.4 113.6 113.6 113.9 114.3 114.3 115.4 115.9 115.4 115.6 115.5 | 113.5 113.9 115.2 115.5 | 114.5 1996 | 115.3 116.7 116.3 117.5 118.3 118.9 118.9 119.3 119.6 119.7 120.6 120.9 | 116.1 118.2 119.3 120.4 | 118.5 1997 | 121.3 122.1 122.5 123.1 123.3 123.5 124.5 125.2 125.6 126.5 127.4 127.9 | 121.9 123.3 125.1 127.3 | 124.5 1998 | 127.9 | | | | | Capacity | | | 1986 | 112.2 112.4 112.6 112.7 112.9 113.0 113.2 113.3 113.5 113.6 113.7 113.9 | 112.4 112.9 113.3 113.7 | 113.1 | | | 1987 | 114.0 114.1 114.2 114.3 114.4 114.5 114.6 114.7 114.9 115.0 115.1 115.2 | 114.1 114.4 114.7 115.1 | 114.6 1988 | 115.3 115.5 115.6 115.7 115.8 115.9 116.0 116.2 116.3 116.4 116.5 116.7 | 115.5 115.8 116.2 116.5 | 116.0 1989 | 116.8 117.0 117.2 117.4 117.6 117.8 118.0 118.2 118.4 118.6 118.8 119.0 | 117.0 117.6 118.2 118.8 | 117.9 1990 | 119.2 119.3 119.5 119.7 119.9 120.1 120.2 120.4 120.6 120.8 121.0 121.2 | 119.3 119.9 120.4 121.0 | 120.2 1991 | 121.4 121.6 121.7 121.9 122.1 122.2 122.4 122.6 122.7 122.9 123.0 123.2 | 121.6 122.1 122.6 123.0 | 122.3 | | | 1992 | 123.4 123.6 123.8 124.1 124.3 124.5 124.8 125.0 125.2 125.4 125.6 125.8 | 123.6 124.3 125.0 125.6 | 124.6 1993 | 126.1 126.3 126.5 126.8 127.0 127.2 127.5 127.7 128.0 128.2 128.5 128.7 | 126.3 127.0 127.7 128.5 | 127.4 1994 | 129.1 129.5 129.9 130.3 130.7 131.2 131.6 132.0 132.4 132.8 133.3 133.7 | 129.5 130.7 132.0 133.3 | 131.4 1995 | 134.2 134.8 135.3 135.9 136.5 137.1 137.6 138.1 138.7 139.2 139.8 140.4 | 134.8 136.5 138.1 139.8 | 137.3 1996 | 140.9 141.4 142.0 142.5 143.0 143.6 144.1 144.6 145.1 145.6 146.1 146.7 | 141.4 143.0 144.6 146.1 | 143.8 1997 | 147.2 147.8 148.4 149.0 149.6 150.2 150.7 151.3 151.9 152.4 153.0 153.6 | 147.8 149.6 151.3 153.0 | 150.4 1998 | 154.2 | | | | | Utilization | | | 1986 | 79.8 79.2 78.2 78.7 78.4 78.1 78.2 78.3 78.2 78.8 79.1 79.7 | 79.1 78.4 78.2 79.2 | 78.7 | | | 1987 | 79.1 80.0 80.2 80.5 80.7 81.4 81.8 81.8 81.6 82.6 82.8 83.2 | 79.8 80.8 81.7 82.9 | 81.3 1988 | 83.2 83.4 83.3 83.7 83.7 83.6 84.1 84.5 84.1 84.2 84.8 85.1 | 83.3 83.7 84.2 84.7 | 84.0 1989 | 85.4 84.6 85.3 85.3 84.7 84.4 83.4 83.6 83.3 82.8 83.0 83.2 | 85.1 84.8 83.4 83.0 | 84.1 1990 | 82.7 83.0 83.3 82.7 82.9 82.7 82.6 82.6 82.6 82.0 80.8 80.2 | 83.0 82.8 82.6 81.0 | 82.3 1991 | 79.6 78.9 78.1 78.2 78.7 79.6 79.5 79.5 80.2 80.0 79.8 79.2 | 78.9 78.8 79.7 79.6 | 79.3 | | | 1992 | 79.2 79.5 79.9 80.4 80.4 80.0 80.4 80.0 80.2 80.7 81.0 80.9 | 79.5 80.3 80.2 80.9 | 80.2 1993 | 81.2 81.4 81.3 81.5 80.9 80.9 81.0 80.7 81.4 81.4 81.6 82.1 | 81.3 81.1 81.0 81.7 | 81.3 1994 | 82.1 82.2 82.5 82.7 83.0 83.1 83.3 83.3 83.2 83.5 83.9 84.4 | 82.3 82.9 83.2 83.9 | 83.1 1995 | 84.6 84.2 83.9 83.6 83.5 83.4 83.1 83.6 83.6 82.9 82.7 82.3 | 84.2 83.5 83.4 82.6 | 83.4 1996 | 81.8 82.5 81.9 82.5 82.7 82.8 82.6 82.5 82.4 82.2 82.5 82.5 | 82.1 82.7 82.5 82.4 | 82.4 1997 | 82.4 82.6 82.5 82.6 82.4 82.3 82.6 82.8 82.7 83.0 83.2 83.3 | 82.5 82.4 82.7 83.2 | 82.7 1998 | 83.0 | | ------------------------------------------------------------------------------------------------------------------------------------------- <1> Quarterly percent changes are at annual rates. Annual percentage changes are calculated from annual averages. <2> Annual averages of industrial production are calculated from not seasonally adjusted indexes. Table 5B INDUSTRIAL PRODUCTION, CAPACITY AND UTILIZATION FOR MANUFACTURING: HISTORICAL DATA ------------------------------------------------------------------------------------------------------------------------------------------- | | | | Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.| Q1 Q2 Q3 Q4| Annual ------------------------------------------------------------------------------------------------------------------------------------------- | | | Industrial | | | Production, | | | Percent | | | Change <1> | | | 1986 | 1.5 -.5 -.9 1.4 -.1 -.3 .3 .6 .0 .8 .4 1.2 | 4.5 1.7 1.7 6.7 | 2.8 | | | 1987 | -.8 1.6 .2 .5 .3 1.0 .7 -.2 .1 1.3 .5 .6 | 5.0 7.0 5.5 7.6 | 5.3 1988 | -.2 .4 -.1 1.0 -.1 .0 .7 .3 .2 .2 .9 .6 | 2.3 4.1 3.7 5.2 | 4.7 1989 | .9 -1.2 .8 .1 -.7 .0 -1.1 .3 -.3 -.6 .4 .1 | 4.3 -.7 -4.5 -1.4 | 1.9 1990 | -.2 .9 .3 -.8 .4 -.1 .0 .3 -.1 -.6 -1.3 -.6 | 2.9 -.1 .8 -6.3 | -.5 1991 | -.9 -.7 -1.1 .3 .7 1.4 .2 .2 1.1 -.1 -.2 -.5 | -9.7 1.2 7.8 1.7 | -2.4 | | | 1992 | .4 .7 .8 .7 .4 -.1 .6 -.3 .4 .7 .6 -.1 | 2.8 7.0 2.4 5.0 | 4.0 1993 | 1.0 .2 .1 .6 -.5 .0 .4 -.3 1.1 .2 .5 .9 | 5.0 1.6 1.6 6.2 | 3.8 1994 | .1 .6 .8 .8 .8 .2 .7 .4 .3 .9 .9 1.0 | 6.3 8.8 6.2 9.0 | 6.0 1995 | .6 -.2 .2 .0 .2 .4 -.2 .9 .7 -.4 .0 -.1 | 6.4 1.4 3.9 1.5 | 5.4 1996 | -.1 1.2 -.6 1.4 .6 .6 .4 .2 .3 .0 .8 .5 | 1.5 8.1 4.9 4.2 | 3.6 1997 | .3 .7 .4 .4 .2 .3 .6 .7 .1 .8 1.0 .4 | 6.2 4.9 6.1 8.0 | 5.7 1998 | .3 | | | | | Industrial | | | Production <2> | | | 1986 | 87.9 87.4 86.6 87.8 87.7 87.5 87.7 88.2 88.2 88.9 89.3 90.3 | 87.3 87.7 88.0 89.5 | 88.1 | | | 1987 | 89.6 91.0 91.2 91.6 91.9 92.8 93.4 93.3 93.4 94.6 95.1 95.6 | 90.6 92.1 93.4 95.1 | 92.8 1988 | 95.4 95.8 95.7 96.7 96.6 96.6 97.3 97.5 97.7 97.9 98.9 99.4 | 95.6 96.6 97.5 98.7 | 97.1 1989 | 100.3 99.1 99.9 100.0 99.4 99.4 98.3 98.7 98.4 97.8 98.2 98.3 | 99.8 99.6 98.5 98.1 | 99.0 1990 | 98.1 99.0 99.3 98.6 99.0 98.9 98.8 99.1 99.0 98.4 97.2 96.6 | 98.8 98.8 99.0 97.4 | 98.5 1991 | 95.8 95.1 94.1 94.4 95.0 96.3 96.6 96.8 97.8 97.8 97.6 97.1 | 95.0 95.2 97.0 97.5 | 96.2 | | | 1992 | 97.4 98.1 98.9 99.6 100.0 99.8 100.5 100.2 100.6 101.3 101.9 101.7 | 98.1 99.8 100.4 101.6 | 100.0 1993 | 102.7 102.9 103.0 103.6 103.1 103.1 103.5 103.2 104.4 104.6 105.2 106.0 | 102.9 103.3 103.7 105.3 | 103.8 1994 | 106.2 106.8 107.7 108.5 109.4 109.6 110.4 110.9 111.2 112.2 113.2 114.3 | 106.9 109.2 110.8 113.2 | 110.0 1995 | 115.1 114.9 115.1 115.1 115.3 115.8 115.5 116.6 117.5 117.0 117.0 116.9 | 115.0 115.4 116.5 116.9 | 116.0 1996 | 116.7 118.1 117.4 119.0 119.7 120.4 120.9 121.1 121.5 121.5 122.5 123.1 | 117.4 119.7 121.1 122.4 | 120.2 1997 | 123.5 124.4 124.9 125.4 125.7 126.1 126.9 127.9 128.0 129.1 130.4 130.9 | 124.2 125.7 127.6 130.1 | 127.0 1998 | 131.2 | | | | | Capacity | | | 1986 | 111.0 111.2 111.4 111.6 111.7 111.9 112.1 112.3 112.5 112.7 112.9 113.0 | 111.2 111.7 112.3 112.9 | 112.0 | | | 1987 | 113.2 113.4 113.6 113.8 113.9 114.1 114.2 114.4 114.6 114.7 114.9 115.0 | 113.4 113.9 114.4 114.9 | 114.1 1988 | 115.2 115.3 115.4 115.6 115.7 115.8 116.0 116.1 116.3 116.5 116.6 116.8 | 115.3 115.7 116.1 116.6 | 115.9 1989 | 117.0 117.3 117.5 117.8 118.0 118.3 118.5 118.7 119.0 119.2 119.5 119.7 | 117.3 118.0 118.7 119.5 | 118.4 1990 | 119.9 120.1 120.3 120.5 120.7 120.9 121.1 121.3 121.5 121.7 122.0 122.2 | 120.1 120.7 121.3 122.0 | 121.0 1991 | 122.4 122.6 122.8 123.0 123.1 123.3 123.5 123.7 123.8 124.0 124.2 124.3 | 122.6 123.1 123.7 124.2 | 123.4 | | | 1992 | 124.6 124.8 125.1 125.3 125.6 125.8 126.1 126.3 126.6 126.8 127.0 127.3 | 124.8 125.6 126.3 127.0 | 125.9 1993 | 127.6 127.8 128.1 128.3 128.6 128.9 129.1 129.4 129.7 129.9 130.2 130.5 | 127.8 128.6 129.4 130.2 | 129.0 1994 | 130.9 131.3 131.8 132.2 132.7 133.2 133.6 134.1 134.6 135.1 135.5 136.0 | 131.3 132.7 134.1 135.5 | 133.4 1995 | 136.6 137.2 137.8 138.5 139.1 139.8 140.4 141.1 141.7 142.4 143.0 143.7 | 137.2 139.2 141.1 143.0 | 140.1 1996 | 144.3 144.9 145.6 146.2 146.8 147.4 148.0 148.6 149.2 149.8 150.4 151.0 | 144.9 146.8 148.6 150.4 | 147.7 1997 | 151.6 152.3 152.9 153.6 154.3 155.0 155.7 156.3 157.0 157.6 158.3 159.0 | 152.3 154.3 156.3 158.3 | 155.3 1998 | 159.7 | | | | | Utilization | | | 1986 | 79.1 78.6 77.8 78.7 78.5 78.1 78.2 78.6 78.4 78.9 79.1 79.9 | 78.5 78.5 78.4 79.3 | 78.7 | | | 1987 | 79.1 80.2 80.3 80.6 80.7 81.4 81.8 81.5 81.5 82.5 82.8 83.1 | 79.9 80.9 81.6 82.8 | 81.3 1988 | 82.9 83.1 82.9 83.7 83.5 83.4 83.8 84.0 84.0 84.1 84.8 85.1 | 83.0 83.5 83.9 84.7 | 83.8 1989 | 85.7 84.5 85.0 85.0 84.2 84.1 83.0 83.1 82.7 82.1 82.2 82.1 | 85.1 84.4 82.9 82.1 | 83.6 1990 | 81.8 82.5 82.6 81.8 82.0 81.8 81.6 81.7 81.5 80.9 79.7 79.0 | 82.3 81.9 81.6 79.9 | 81.4 1991 | 78.2 77.5 76.6 76.8 77.1 78.1 78.2 78.2 79.0 78.9 78.6 78.1 | 77.5 77.3 78.5 78.5 | 77.9 | | | 1992 | 78.2 78.6 79.1 79.5 79.6 79.4 79.7 79.3 79.5 79.9 80.2 79.9 | 78.6 79.5 79.5 80.0 | 79.4 1993 | 80.5 80.5 80.4 80.7 80.2 80.0 80.2 79.8 80.5 80.5 80.8 81.3 | 80.5 80.3 80.1 80.8 | 80.5 1994 | 81.1 81.3 81.7 82.1 82.4 82.3 82.6 82.7 82.6 83.0 83.5 84.1 | 81.4 82.3 82.6 83.5 | 82.5 1995 | 84.3 83.7 83.5 83.1 82.9 82.8 82.3 82.6 82.9 82.2 81.8 81.3 | 83.8 82.9 82.6 81.8 | 82.8 1996 | 80.8 81.5 80.6 81.4 81.6 81.7 81.7 81.5 81.4 81.1 81.5 81.5 | 81.0 81.6 81.5 81.4 | 81.4 1997 | 81.4 81.7 81.6 81.6 81.4 81.3 81.5 81.8 81.6 81.9 82.3 82.3 | 81.6 81.5 81.6 82.2 | 81.7 1998 | 82.1 | | ------------------------------------------------------------------------------------------------------------------------------------------- <1> Quarterly percent changes are at annual rates. Annual percentage changes are calculated from annual averages. <2> Annual averages of industrial production are calculated from not seasonally adjusted indexes. Table 6 INDUSTRIAL PRODUCTION: INDUSTRY SUBTOTALS AND INDIVIDUAL SERIES | | Index, 1992 = 100 | 1997 | Seasonally adjusted | Not seasonally adjusted | IP| 1997 | 1997 |Proporti| July Aug. Sept. Oct. Nov. Dec. | July Aug. Sept. Oct. Nov. Dec. --------------------------------------------------------------------------------------------------------------------------------------------------- | | | Metal mining 10 | .42 | 105.2 106.0 105.3 111.1 113.6 104.5 | 106.5 107.8 108.3 109.7 111.8 104.3 Iron ore 101 | .06 | 100.2 111.7 111.5 121.8 113.1 112.3 | 107.8 120.0 120.4 120.4 117.7 110.9 Nonferrous ores 102-4,8,9 | .36 | 106.0 105.1 104.4 109.4 113.6 103.3 | 106.4 106.0 106.6 108.2 111.0 103.4 Copper 102 | .12 | 112.8 110.8 105.6 108.2 117.1 99.5 | 112.9 112.4 107.6 108.9 114.0 98.3 | | | Coal mining 12 | .86 | 112.1 107.7 109.5 109.6 111.2 116.8 | 104.0 111.3 112.1 111.6 110.0 112.6 | | | Oil and gas extraction 13 | 4.53 | 103.9 104.1 104.3 103.1 101.9 100.9 | 103.0 103.1 103.7 102.9 103.8 103.6 Crude oil and natural gas 131 | 3.44 | 96.2 96.3 96.5 95.9 94.5 93.9 | 94.6 94.8 95.3 95.0 96.2 96.2 Crude oil, total | 1.83 | 88.4 87.2 87.9 87.0 86.6 86.1 | 86.6 86.0 87.1 87.4 87.3 87.1 Natural gas | 1.61 | 107.1 108.8 108.5 108.2 105.6 | 105.6 107.0 106.8 105.6 108.6 Natural gas liquids 132 | .23 | 110.3 109.9 110.3 107.6 101.8 102.5 | 110.5 110.2 111.6 109.3 103.0 100.7 Oil and gas well drilling 138 | .86 | 152.1 153.2 153.1 149.1 150.0 145.9 | 155.5 155.3 155.8 152.1 154.1 153.4 | | | Stone and earth minerals 14 | .59 | 117.8 119.9 117.7 116.2 116.3 117.0 | 135.9 140.3 137.3 136.1 116.4 97.6 | | | Foods 20 | 9.30 | 110.0 108.9 108.6 109.2 110.8 111.2 | 112.5 115.8 116.9 114.7 110.6 108.0 Meat products 201 | 1.32 | 114.4 114.4 112.1 114.4 115.3 113.7 | 110.9 117.3 114.7 120.1 114.2 110.0 Beef | .43 | 112.5 113.2 106.6 112.9 112.4 108.5 | 113.2 118.6 111.1 115.5 107.9 101.6 Pork | .27 | 101.8 100.2 102.7 102.9 102.8 106.1 | 90.7 96.4 104.0 110.8 109.7 110.0 Poultry | .61 | 126.0 126.5 124.8 125.2 127.7 125.5 | 122.5 130.3 125.6 131.5 123.9 118.7 Miscellaneous meats | .01 | 90.8 89.4 91.9 88.1 89.7 84.5 | 83.4 85.5 90.8 88.7 89.7 86.9 Dairy products 202 | .80 | 106.1 105.4 104.9 103.8 104.5 102.5 | 107.1 101.8 98.7 96.8 96.0 98.8 Butter 2021 | .01 | 91.1 85.9 86.3 76.0 91.8 88.5 | 69.8 63.8 70.8 70.8 83.9 98.9 Cheese 2022 | .19 | 117.7 114.6 114.6 113.6 113.0 113.0 | 112.2 109.6 114.1 113.0 113.5 114.8 Concentrated milk 2023 | .14 | 97.6 96.5 96.7 88.1 90.2 85.4 | 93.1 80.4 74.8 73.3 75.5 90.9 Frozen desserts 2024 | .13 | 105.3 106.2 106.9 114.1 115.7 108.5 | 130.8 122.6 106.6 98.2 88.9 78.7 Milk and misc. dairy products 2026 | .33 | 105.2 105.5 103.9 103.8 103.6 103.8 | 104.1 102.2 100.6 100.3 100.0 101.4 | | | Canned and frozen food 203 | 1.21 | 104.7 98.2 98.4 95.9 99.2 104.6 | 107.0 115.1 121.4 107.8 99.6 97.3 Grain mill products 204 | 1.38 | 119.7 117.8 119.1 117.5 119.8 120.2 | 119.2 120.5 124.4 122.4 122.5 121.6 Bakery products 205 | .99 | 105.6 103.1 102.1 104.5 106.0 106.7 | 115.1 114.7 114.5 108.3 103.3 100.6 Sugar and confectionery 206 | .61 | 102.8 106.0 105.7 107.8 108.6 108.5 | 91.8 103.7 113.4 126.4 126.8 125.8 Fats and oils 207 | .25 | 97.7 97.4 98.0 105.3 106.2 108.8 | 88.8 91.5 95.3 109.9 113.6 113.7 Beverages 208 | 1.68 | 110.3 111.9 112.8 113.4 115.7 113.9 | 120.3 123.3 121.5 117.4 111.1 102.0 Beer and ale 2082,3 | .54 | 102.4 102.4 98.3 95.0 101.3 99.8 | 114.0 108.9 93.3 90.3 89.6 81.8 Soft drinks 2086,7 | .94 | 119.3 122.0 126.4 129.9 129.9 127.1 | 134.2 139.6 145.8 135.6 124.3 116.2 Coffee and miscellaneous 209 | 1.06 | 114.5 113.5 112.7 114.9 114.3 115.8 | 122.3 124.5 123.6 119.3 113.5 115.3 Roasted coffee 2095 | .13 | 88.0 85.4 84.0 82.8 90.8 | 81.1 86.0 78.6 88.4 95.4 | | | Tobacco products 21 | 1.31 | 110.5 112.5 112.0 118.8 116.1 117.3 | 94.3 123.7 115.0 129.8 114.2 95.1 | | | Textile mill products 22 | 1.52 | 110.7 110.7 111.4 111.6 112.8 111.1 | 107.6 114.6 114.0 117.2 110.0 99.5 Fabrics 221-4 | .38 | 114.3 108.0 111.8 114.1 111.0 113.5 | 105.9 109.8 109.3 116.9 109.9 105.1 Cotton and synthetic 221,2 | .31 | 112.6 105.0 109.6 112.6 109.0 | 103.6 108.6 108.6 118.2 109.1 Narrow fabrics 224 | .04 | 110.8 109.6 109.2 110.8 112.2 109.0 | 104.9 111.5 111.8 110.5 112.2 110.7 Knit goods 225 | .42 | 111.6 112.7 112.4 112.8 111.6 112.8 | 113.4 121.2 121.5 122.1 108.5 99.9 Knit garments 2253,4,7-9 | .31 | 114.3 114.0 113.0 113.8 112.4 114.3 | 119.2 130.7 127.1 118.6 107.2 103.2 Fabric finishing 226 | .13 | 95.3 86.3 87.6 92.2 92.6 88.7 | 86.7 90.9 86.4 95.6 94.9 78.0 Carpeting 227 | .19 | 101.0 117.6 108.7 107.2 123.6 99.7 | 107.1 118.0 113.3 120.8 110.5 82.0 Yarns and miscellaneous 228,9 | .40 | 117.4 118.1 121.2 118.0 118.7 122.0 | 111.8 120.2 122.4 119.5 117.7 111.4 Cotton and synthetic yarns 2281,2,4 | .19 | 113.5 114.0 120.2 113.6 118.3 122.1 | 105.8 117.1 120.0 115.6 114.2 99.9 | | | Apparel products 23 | 1.77 | 99.7 99.1 99.1 99.3 98.4 99.2 | 97.5 102.1 102.2 101.0 99.0 99.4 | | | Lumber and products 24 | 2.08 | 116.1 115.4 113.3 112.9 116.9 115.3 | 114.3 119.6 118.7 119.3 115.0 109.1 Logging and lumber 241,2 | .82 | 108.3 109.5 106.4 105.2 111.1 110.2 | 107.4 113.8 113.8 113.1 107.7 102.5 Logging 241 | .28 | 93.3 91.9 93.0 93.7 94.5 99.3 | 98.1 101.4 102.3 100.7 96.0 96.3 Lumber products 243-5,9 | 1.26 | 122.0 120.0 118.6 118.7 121.4 119.4 | 119.7 124.2 122.6 124.2 120.5 114.2 Millwork and plywood 243 | .68 | 118.2 116.0 117.0 117.7 119.4 118.3 | 119.2 120.4 120.5 120.9 120.3 116.1 Plywood 2435,6 | .15 | 104.5 100.2 102.6 101.1 101.8 97.5 | 102.2 103.8 105.9 104.7 98.7 89.2 Manufactured homes 245 | .21 | 143.5 139.5 137.2 136.9 138.1 132.4 | 128.9 153.1 145.9 152.8 134.6 110.7 --------------------------------------------------------------------------------------------------------------------------------------------------- <1> The IP proportion data are estimates of the industries' relative contributions to overall IP growth in the following year. Note: Estimates for October to December are revised. Table 6 (continued) INDUSTRIAL PRODUCTION: INDUSTRY SUBTOTALS AND INDIVIDUAL SERIES | | Index, 1992 = 100 | 1997 | Seasonally adjusted | Not seasonally adjusted | IP| 1997 | 1997 |Proporti| July Aug. Sept. Oct. Nov. Dec. | July Aug. Sept. Oct. Nov. Dec. --------------------------------------------------------------------------------------------------------------------------------------------------- | | | Furniture and fixtures 25 | 1.40 | 124.2 121.1 122.0 123.0 125.1 125.6 | 122.4 129.8 129.0 124.4 123.8 123.3 Household furniture 251 | .63 | 121.6 117.7 118.7 119.6 122.7 123.9 | 114.8 124.1 124.3 121.1 121.0 122.5 | | | Paper and products 26 | 3.42 | 114.2 114.4 113.7 112.8 113.6 114.1 | 113.0 115.4 113.4 114.5 112.5 110.1 Pulp and paper 261-3 | 1.57 | 113.3 114.5 113.8 114.0 113.2 113.5 | 112.6 115.1 113.2 113.7 112.6 110.9 Wood pulp 261 | .14 | 101.6 104.7 103.3 102.5 105.5 103.6 | 104.2 104.3 102.8 102.6 104.2 102.0 Paper 262 | .93 | 111.2 111.1 110.9 110.7 108.6 111.7 | 110.1 112.3 109.7 110.4 109.2 109.4 Paperboard 263 | .51 | 120.9 124.0 122.6 124.0 124.6 119.9 | 119.8 123.7 123.0 123.2 121.6 116.2 Paper products 265,7 | 1.85 | 114.8 114.1 113.4 111.6 113.7 114.5 | 113.0 115.4 113.3 115.0 112.2 109.2 Paperboard containers 265 | .63 | 117.2 118.9 118.9 112.8 122.9 119.4 | 115.9 120.0 120.2 124.5 116.8 106.0 Converted paper products 267 | 1.22 | 113.4 111.6 110.5 110.9 109.0 111.9 | 111.2 112.7 109.6 109.9 109.5 110.3 | | | Printing and publishing 27 | 6.58 | 104.1 104.4 105.1 106.7 107.5 107.2 | 108.3 111.0 111.5 109.7 107.3 105.1 Newspapers 271 | 1.53 | 95.1 95.5 96.7 97.2 98.5 98.8 | 92.4 90.7 97.3 105.3 105.0 99.8 Periodicals, books, and cards 272,3,7 | 2.08 | 111.5 111.5 112.0 113.3 114.0 112.2 | 111.4 112.5 112.0 111.0 113.1 113.8 Job printing 274-6,8,9 | 2.97 | 104.1 104.6 105.1 107.5 108.1 108.5 | 115.1 121.1 118.9 111.1 104.6 102.0 | | | Chemicals and products 28 | 10.00 | 114.3 114.5 115.6 116.7 116.4 117.0 | 118.6 119.8 121.7 118.3 113.2 111.9 Industrial chemicals and | | | synthetic materials 281,2,6 | 3.82 | 112.2 111.1 113.3 112.4 112.1 113.6 | 111.0 110.5 114.2 112.3 111.0 110.2 Basic chemicals 281 | .75 | 90.0 89.2 92.0 91.8 90.4 92.5 | 87.5 89.7 94.1 93.9 92.6 89.5 Alkalies and chlorine 2812 | .08 | 118.6 117.2 118.9 117.5 115.9 | 118.4 119.4 118.8 117.7 116.5 Inorganic pigments 2816 | .08 | 104.7 91.4 107.2 103.3 90.0 97.3 | 101.5 90.8 105.5 98.1 88.3 95.7 Inorganic chemicals, nec 2819 | .45 | 80.4 81.4 83.0 83.5 83.8 85.6 | 77.4 81.6 85.9 87.3 86.9 81.7 Acids and other | .35 | 99.4 99.2 99.3 102.9 105.1 106.0 | 94.8 99.7 103.8 108.7 110.1 100.1 | | | Synthetic materials 282 | 1.41 | 123.9 121.1 125.8 123.4 123.8 125.5 | 121.6 119.6 125.9 124.6 121.8 118.6 Plastics materials 2821 | .92 | 131.6 128.8 131.5 128.8 131.9 | 128.9 126.5 131.9 130.2 129.2 Synthetic fibers 2823,4 | .35 | 111.1 105.3 110.0 108.6 104.1 112.0 | 109.4 103.9 110.2 110.8 103.0 107.2 Industrial organic chemicals 286 | 1.66 | 116.2 116.1 116.0 115.8 115.7 116.8 | 116.5 115.8 116.8 113.5 113.5 115.8 | | | Chemical products 283-5,9 | 5.56 | 116.8 118.2 118.4 121.1 121.0 121.0 | 126.0 128.7 129.3 124.0 115.5 114.1 Drugs and medicines 283 | 3.01 | 116.7 120.0 119.3 123.5 123.1 121.4 | 128.2 132.6 133.5 127.0 117.8 115.7 Soap and toiletries 284 | 1.53 | 118.2 118.0 119.3 121.6 120.5 122.6 | 126.2 128.3 129.5 123.7 114.7 116.5 Paints 285 | .41 | 103.9 104.2 104.4 105.1 105.5 106.0 | 109.4 110.5 107.6 110.2 95.6 82.0 Agricultural chemicals 287 | .62 | 105.2 103.8 104.4 104.7 103.7 102.9 | 102.2 101.2 103.5 105.5 105.8 102.7 | | | Petroleum products 29 | 1.82 | 108.9 109.7 110.1 111.2 108.7 110.6 | 113.4 114.4 114.3 111.7 110.2 111.1 Petroleum refining and misc. 291,9 | 1.65 | 108.0 109.3 109.5 110.7 107.9 109.9 | 111.9 112.9 112.7 109.8 108.4 110.7 Miscellaneous petroleum products | .39 | 108.9 108.6 109.5 111.4 111.9 111.2 | 123.4 123.8 119.4 110.7 102.4 98.5 Distillate fuel oil | .29 | 114.4 116.0 112.9 115.5 111.7 111.2 | 113.1 115.3 116.1 118.6 118.7 116.4 Residual fuel oil | .05 | 76.1 71.8 77.5 81.9 86.7 83.2 | 72.3 72.1 77.1 77.1 88.6 91.3 Aviation fuel and kerosene | .15 | 114.2 115.0 114.4 111.4 115.1 113.7 | 115.9 114.2 115.1 110.7 117.4 122.3 Automotive gasoline | .76 | 106.6 109.1 109.9 110.7 104.6 110.0 | 108.7 110.3 111.1 109.1 107.9 114.2 Paving and roofing materials 295 | .18 | 114.6 110.5 112.6 112.6 113.9 115.3 | 124.9 125.6 127.1 126.8 124.1 112.4 | | | Rubber and plastics products 30 | 3.65 | 126.0 127.9 127.6 127.4 129.5 129.9 | 121.8 129.2 129.3 129.4 129.6 129.1 Tires 301 | .32 | 125.5 131.5 125.1 118.7 129.1 125.8 | 107.6 132.3 125.3 127.2 123.9 106.2 Other rubber products 302,5,6 | .63 | 122.8 123.7 124.4 126.1 125.8 125.4 | 123.6 130.6 129.9 128.7 123.6 120.7 Plastics products, nec 308 | 2.70 | 127.0 128.7 128.8 129.0 130.6 131.7 | 123.3 128.6 129.8 129.9 131.8 134.2 | | | Leather and products 31 | .18 | 74.0 71.2 70.9 72.4 70.9 71.4 | 69.8 72.4 72.7 73.5 71.9 71.4 Shoes 314 | .07 | 71.3 69.9 69.2 70.0 67.1 66.3 | 67.6 71.7 70.5 71.2 67.9 66.5 | | | Stone, clay, and glass products 32 | 2.24 | 120.9 120.5 121.2 121.0 122.1 123.2 | 121.8 125.2 125.4 125.6 122.0 117.1 Pressed and blown glass 322 | .30 | 103.2 101.8 105.7 102.1 106.4 110.8 | 104.8 105.3 106.0 105.1 104.5 98.5 Glass containers 3221 | .11 | 74.2 75.7 79.5 74.9 80.6 85.8 | 77.7 78.2 77.0 77.2 76.3 64.9 Cement 324 | .19 | 125.6 121.3 127.0 124.9 122.9 | 143.7 148.7 150.0 151.9 119.6 | | | Structural clay products 325 | .12 | 132.6 132.5 131.5 126.5 123.4 121.8 | 125.1 136.1 133.7 129.9 122.2 111.4 Concrete and miscellaneous 326-9 | 1.35 | 124.3 125.1 124.2 124.5 126.0 126.3 | 123.7 127.3 127.2 127.0 127.2 125.2 --------------------------------------------------------------------------------------------------------------------------------------------------- <1> The IP proportion data are estimates of the industries' relative contributions to overall IP growth in the following year. Note: Estimates for October to December are revised. Table 6 (continued) INDUSTRIAL PRODUCTION: INDUSTRY SUBTOTALS AND INDIVIDUAL SERIES | | Index, 1992 = 100 | 1997 | Seasonally adjusted | Not seasonally adjusted | IP| 1997 | 1997 |Proporti| July Aug. Sept. Oct. Nov. Dec. | July Aug. Sept. Oct. Nov. Dec. --------------------------------------------------------------------------------------------------------------------------------------------------- | | | Primary metals 33 | 3.47 | 125.2 125.5 125.9 127.4 128.7 127.6 | 119.7 122.7 127.3 127.7 128.0 124.0 Iron and steel 331,2 | 1.86 | 122.2 121.8 124.5 126.4 127.0 125.0 | 117.7 118.3 125.6 126.9 125.8 120.8 Basic steel and mill products 331 | 1.43 | 124.2 123.5 126.9 130.2 130.1 127.5 | 120.2 120.3 127.3 129.7 127.4 122.7 Basic iron and steel | .28 | 105.9 106.1 111.0 109.2 111.1 110.0 | 103.4 103.8 110.0 108.1 111.2 110.2 Pig iron | .16 | 102.8 103.3 109.9 108.0 110.1 108.9 | 100.8 101.3 108.5 106.3 111.1 110.8 Raw steel | .09 | 115.5 116.1 119.2 117.7 120.9 119.2 | 110.6 112.2 118.1 117.2 119.4 116.5 | | | Steel mill products | 1.15 | 129.5 128.6 131.6 136.4 135.7 132.7 | 125.2 125.1 132.4 136.1 132.1 126.4 Consumer durable steel | .18 | 128.4 125.8 135.0 148.7 136.8 141.9 | 102.9 122.5 137.7 149.9 136.7 122.4 Equipment steel | .12 | 129.2 126.8 127.4 137.9 130.5 130.8 | 122.5 122.3 129.6 131.9 129.1 125.9 Construction steel | .14 | 148.0 147.9 147.1 162.4 157.6 149.9 | 150.1 148.0 152.9 166.4 162.1 146.4 Can and closure steel | .04 | 101.8 108.0 112.9 121.6 102.7 93.3 | 103.0 109.6 113.8 110.7 96.5 116.3 Miscellaneous steel | .66 | 129.2 128.2 130.6 129.8 135.5 131.0 | 128.7 123.4 129.3 129.7 128.8 124.7 Iron and steel foundries 332 | .43 | 115.7 116.0 116.4 114.0 116.8 116.8 | 109.3 111.6 119.7 117.6 120.5 114.5 | | | Nonferrous metals 333-6,9 | 1.61 | 128.8 129.9 127.7 128.6 130.7 130.6 | 122.0 128.0 129.3 128.6 130.7 127.9 Primary nonferrous metals 333 | .27 | 109.5 111.5 105.5 111.3 111.4 109.5 | 106.7 108.5 105.6 111.9 111.8 109.6 Copper 3331 | .08 | 138.6 138.4 133.6 142.4 140.2 138.0 | 131.1 137.6 135.9 144.1 142.7 139.1 Aluminum 3334 | .14 | 89.3 89.5 89.1 90.0 89.9 90.0 | 89.2 88.8 88.6 89.7 89.9 90.5 | | | Nonferrous products 335,6 | 1.08 | 127.4 128.7 128.2 127.9 130.3 130.5 | 119.4 127.8 129.9 127.2 129.4 126.5 Nonferrous mill products 335 | .78 | 122.4 122.3 121.8 121.1 124.3 123.5 | 114.4 122.0 123.6 119.9 122.2 117.1 Aluminum 3353-5 | .26 | 111.4 110.0 109.7 108.3 116.8 114.5 | 104.1 110.2 112.9 106.6 109.4 99.7 Nonferrous foundries 336 | .30 | 144.5 149.8 149.6 150.5 150.6 153.7 | 136.2 147.2 151.1 151.1 153.1 157.6 | | | Fabricated metal products 34 | 5.25 | 122.4 122.8 122.7 124.4 124.7 125.9 | 121.3 126.2 127.7 126.7 125.3 125.5 Metal containers 341 | .16 | 105.0 95.1 102.0 102.3 96.9 99.2 | 115.2 112.6 106.5 97.0 86.6 88.3 Hardware, tools, and cutlery 342 | .55 | 120.9 122.0 121.8 124.9 122.5 122.5 | 122.7 128.5 128.9 126.6 121.5 119.5 Hardware and tools 3423,5,9 | .47 | 119.6 120.7 120.0 123.8 121.1 121.3 | 122.8 128.2 128.0 125.3 118.9 116.9 Structural metal products 344 | 1.43 | 121.7 122.5 122.8 123.1 124.0 125.5 | 122.4 125.0 126.0 125.2 126.5 128.3 Other fabricated metal products 345-9 | 2.90 | 125.2 126.1 124.8 127.4 128.2 129.4 | 122.1 127.5 128.5 128.6 127.9 128.2 Fasteners, stampings, etc. 345-7 | 1.64 | 131.6 132.3 129.4 133.7 133.8 135.1 | 129.3 135.6 135.5 135.8 132.0 130.3 | | | Industrial machinery | | | and equipment 35 | 8.66 | 172.2 175.9 173.7 176.5 176.8 179.1 | 171.5 178.5 180.8 178.9 173.7 172.6 Engines and turbines 351 | .43 | 117.5 117.6 119.0 119.3 116.7 116.4 | 114.4 113.3 119.4 119.7 119.5 121.9 Farm 352 | .52 | 160.4 167.7 154.9 155.8 158.2 157.6 | 119.9 151.8 153.9 165.8 154.1 141.6 Construction and allied 353 | .94 | 148.5 162.5 154.6 156.7 156.8 160.6 | 133.6 152.7 157.9 163.3 156.0 147.0 Metalworking 354 | 1.12 | 133.5 135.4 132.7 136.8 135.4 136.4 | 138.7 146.0 142.8 137.5 130.5 129.9 Special industry machinery 355 | .91 | 150.0 150.3 150.7 151.8 152.0 151.4 | 145.2 147.6 150.8 150.8 153.6 156.5 General industrial machinery 356 | 1.12 | 123.2 121.1 121.6 123.6 122.6 124.9 | 124.0 127.0 128.1 124.0 120.4 121.6 Bearings and gears 3562,6,8 | .33 | 117.1 119.9 119.8 119.9 120.9 120.3 | 112.8 118.1 120.3 120.0 121.4 124.7 Equipment 3561,3-5,7,9 | .79 | 126.0 121.7 122.5 125.3 123.4 126.9 | 128.9 130.8 131.6 125.7 119.9 120.2 Computer and office equip. 357 | 1.48 | 388.5 403.9 412.0 418.0 425.0 434.1 | 424.0 422.9 430.2 420.1 414.6 425.9 Service industry machines 358 | .83 | 129.1 134.3 123.8 124.4 129.2 134.6 | 121.9 123.6 124.0 125.1 124.7 121.3 Refrig. and heating equip. 3585 | .56 | 126.3 134.3 119.7 118.9 126.0 134.3 | 117.7 117.4 119.1 119.3 118.0 112.0 Miscellaneous machinery 359 | 1.31 | 156.4 155.0 157.7 162.1 159.7 159.5 | 164.1 166.8 169.2 162.7 153.8 151.7 | | | Electrical machinery 36 | 8.33 | 235.5 236.8 237.5 240.8 247.5 249.2 | 231.1 238.8 242.5 243.9 249.8 251.2 Major electrical and parts 361,2 | .98 | 120.9 119.4 119.4 121.3 123.4 124.0 | 125.9 126.8 126.7 121.8 119.7 118.5 Electric distribution equip. 361 | .33 | 119.1 117.7 119.4 117.2 120.6 123.0 | 124.8 130.0 130.8 119.4 116.2 116.3 Household appliances 363 | .44 | 129.9 119.8 118.6 122.9 129.2 126.7 | 116.4 121.2 122.7 133.0 126.7 114.8 Cooking equipment 3631 | .08 | 140.7 129.6 117.8 119.5 120.6 113.9 | 121.1 132.3 123.1 135.3 125.3 102.3 Refrigerators and freezers 3632 | .07 | 120.3 117.3 112.3 120.2 127.5 114.9 | 118.4 121.5 118.7 127.6 111.3 82.2 Laundry 3633 | .08 | 152.2 111.2 115.0 127.1 127.8 137.2 | 121.0 114.1 120.0 141.5 131.1 120.9 Miscellaneous 3634,5,9 | .21 | 120.2 119.3 121.8 123.0 133.0 131.6 | 111.6 118.7 124.3 130.4 130.6 128.5 Electrical housewares 3634 | .05 | 105.5 109.3 104.7 106.8 104.9 106.8 | 101.4 108.0 112.3 116.2 113.8 108.7 Appliances, nec 3639 | .11 | 147.8 143.9 152.4 137.8 154.8 151.0 | 126.5 138.5 149.3 153.4 153.5 148.4 | | | Audio and video equipment 365 | .13 | 103.5 101.0 98.5 99.9 98.5 95.8 | 89.7 112.2 111.4 118.2 111.8 90.5 Communication equipment 366 | 2.05 | 178.3 177.2 180.8 181.3 184.6 184.4 | 175.1 176.5 181.6 182.2 188.9 192.9 Electronic components 367 | 3.44 | 483.6 494.6 498.5 509.8 528.4 538.6 | 474.4 493.1 500.9 511.8 535.3 549.3 Semiconductors 3672-9 | 3.37 | 499.0 511.3 515.5 527.3 546.5 557.1 | 490.1 507.4 517.0 526.6 551.9 569.7 Misc. electrical supplies 369 | .64 | 120.9 123.4 122.2 119.6 125.9 122.1 | 115.5 123.9 129.3 123.5 129.9 127.4 Storage batteries 3691 | .10 | 111.3 121.9 108.3 105.2 128.9 101.7 | 105.3 125.6 145.6 118.6 136.9 113.7 | | | Transportation equipment 37 | 8.94 | 112.2 117.0 118.8 118.3 121.7 122.1 | 92.8 117.5 118.8 124.2 121.8 112.8 Motor vehicles and parts 371 | 5.15 | 130.0 138.9 141.2 139.6 145.9 143.8 | 92.0 141.4 141.7 152.5 145.5 122.2 Autos | 1.33 | 105.2 110.4 111.6 107.2 112.0 106.1 | 71.5 110.7 109.4 120.9 113.3 91.1 Trucks and truck trailers | 1.64 | 131.5 154.8 156.0 156.6 172.2 165.6 | 93.7 154.1 162.4 174.8 171.9 140.4 Trucks and buses | 1.56 | 131.1 154.2 156.3 156.8 172.4 165.1 | 91.9 153.5 162.6 176.0 172.3 139.2 Consumer trucks | .93 | 131.9 161.2 166.5 168.6 179.8 176.0 | 86.5 156.3 172.1 189.1 178.9 147.6 Business trucks | .63 | 131.8 146.7 144.7 143.0 164.8 152.6 | 98.9 149.5 149.4 157.6 163.0 127.4 Motor vehicle parts 3714 | 2.12 | 151.1 151.8 155.3 155.3 154.9 159.8 | 107.8 159.1 154.1 163.4 154.0 135.5 Motor homes 3716 | .06 | 98.2 113.7 129.9 108.0 136.1 132.8 | 97.9 105.1 124.1 121.8 116.8 100.8 | | | transportation equipment 372-6,9 | 3.79 | 94.6 95.5 96.8 97.3 98.1 100.7 | 92.8 94.1 96.3 96.7 98.6 103.1 Aircraft and parts 372 | 2.66 | 100.0 101.5 103.7 104.4 105.9 109.5 | 98.2 99.7 103.0 104.0 106.8 112.7 Ships and boats 373 | .38 | 85.4 83.6 83.2 84.7 83.5 83.8 | 83.6 83.2 83.5 83.7 83.4 86.1 Railroad and miscellaneous 374-6,9 | .76 | 82.0 82.4 82.1 81.5 81.0 82.1 | 80.4 81.5 81.7 80.6 80.7 81.9 --------------------------------------------------------------------------------------------------------------------------------------------------- <1> The IP proportion data are estimates of the industries' relative contributions to overall IP growth in the following year. Note: Estimates for October to December are revised. Table 6 (continued) INDUSTRIAL PRODUCTION: INDUSTRY SUBTOTALS AND INDIVIDUAL SERIES | | Index, 1992 = 100 | 1997 | Seasonally adjusted | Not seasonally adjusted | IP| 1997 | 1997 |Proporti| July Aug. Sept. Oct. Nov. Dec. | July Aug. Sept. Oct. Nov. Dec. --------------------------------------------------------------------------------------------------------------------------------------------------- | | | Instruments 38 | 4.69 | 108.0 109.2 108.9 109.7 110.0 108.9 | 109.4 111.4 112.1 110.1 109.2 109.3 Scientific and medical 381-4 | 3.83 | 106.7 107.8 107.4 108.7 109.1 107.6 | 108.6 110.7 111.2 109.0 108.0 107.8 Medical instruments 384 | 1.42 | 110.5 112.5 111.8 114.8 113.3 112.4 | 120.0 122.9 122.7 116.4 109.0 106.6 | | | Misc. manufactures 39 | 1.37 | 127.0 126.7 126.1 126.5 126.2 128.7 | 121.7 127.1 129.0 130.3 130.5 130.0 Consumer goods 391,3,4,6 | .67 | 124.4 122.8 122.2 121.8 121.0 124.6 | 116.5 122.1 124.9 126.7 127.2 126.2 Business supplies 395,9 | .70 | 129.7 130.6 130.1 131.4 131.4 133.0 | 126.9 132.1 133.0 134.0 133.9 133.8 | | | Electric utilities 491,3pt | 6.09 | 113.8 113.1 115.7 118.1 114.7 116.3 | 128.9 126.5 118.0 108.8 106.2 116.1 Generation | 2.48 | 112.7 112.2 115.4 115.3 112.5 114.6 | 125.8 122.5 113.1 103.7 106.0 114.8 Fossil fuel | 1.18 | 113.1 108.7 118.3 118.5 113.8 | 132.1 126.6 120.8 111.6 108.1 Hydro and nuclear | 1.30 | 112.5 115.8 113.0 112.5 111.5 | 120.3 119.1 106.2 96.6 104.3 | | | Sales | 3.61 | 114.7 113.8 116.0 120.2 116.3 117.5 | 131.2 129.5 121.6 112.4 106.5 117.3 Residential | 1.51 | 116.0 115.8 116.5 123.0 118.1 | 139.9 136.8 121.3 104.5 102.4 Nonresidential | 2.09 | 113.8 112.3 115.8 118.2 115.0 116.0 | 124.9 124.3 121.9 118.1 109.5 112.1 Commercial and other | 1.29 | 118.7 116.0 120.4 124.6 119.9 | 135.0 131.7 128.7 123.0 111.7 Industrial | .80 | 106.8 107.1 109.1 108.9 108.1 | 110.0 113.5 111.9 111.0 106.3 | | | Gas utilities 492,3pt | 1.54 | 113.5 112.5 112.7 111.9 112.5 114.5 | 62.0 60.0 60.0 77.4 120.2 169.5 Residential | .69 | 106.7 105.4 103.0 104.9 | 33.5 30.2 33.5 60.2 Commercial and other | .27 | 113.4 120.1 124.9 123.6 | 58.2 59.1 61.8 82.5 Gas transmission | .48 | 117.6 113.6 115.4 111.3 | 93.3 91.8 87.0 92.8 --------------------------------------------------------------------------------------------------------------------------------------------------- <1> The IP proportion data are estimates of the industries' relative contributions to overall IP growth in the following year. Note: Estimates for October to December are revised. Table 7 INDUSTRIAL PRODUCTION: GROSS VALUE OF PRODUCTS Billions of 1992 dollars at annual rates, seasonally adjusted | | | 1996 1997 | 1997 1998 Item | 1992| 1997 | Q3 Q4 Q1 Q2 Q3 Q4 | Aug. Sept. Oct. Nov. Dec. Jan. --------------------------------------------------------------------------------------------------------------------------------------------------------- | | | | Products, total | 2001.9 | 2384.5 | 2304.6 2317.4 2343.8 2361.5 2389.1 2432.1 | 2402.0 2396.9 2416.1 2440.6 2439.6 2444.1 | | | | Final products | 1552.1 | 1863.3 | 1800.0 1805.9 1828.0 1840.7 1868.0 1902.1 | 1879.3 1875.6 1890.6 1909.7 1906.2 1913.8 | | | | Consumer goods | 1049.6 | 1201.3 | 1177.9 1182.5 1188.3 1190.7 1199.8 1220.0 | 1205.2 1203.3 1215.9 1222.7 1221.4 1224.4 Durable | 238.3 | 314.1 | 308.7 302.2 309.4 305.4 311.8 322.3 | 316.5 316.9 315.2 328.7 322.8 323.2 Automotive products | 123.8 | 162.5 | 160.7 154.4 160.5 154.7 159.9 168.7 | 164.2 166.6 164.4 173.5 168.2 166.2 Other durable goods | 114.4 | 151.8 | 148.1 148.2 149.1 151.1 152.2 153.5 | 152.4 150.1 150.8 155.0 154.7 157.3 Nondurable | 811.3 | 887.7 | 869.7 880.3 879.3 885.4 888.5 898.7 | 889.5 887.2 901.0 895.5 899.6 902.1 | | | | Equipment, total | 502.5 | 661.7 | 621.4 622.7 639.3 649.6 668.0 682.1 | 674.0 672.3 674.5 687.1 684.8 689.5 Business and defense | 483.9 | 634.5 | 594.9 597.2 612.3 621.8 640.3 655.6 | 646.3 644.7 647.7 660.2 658.9 661.7 Business | 399.2 | 570.5 | 529.2 531.9 547.9 557.4 576.8 592.3 | 582.7 581.4 584.4 596.9 595.7 598.1 Defense and space | 84.7 | 64.1 | 65.7 65.2 64.5 64.5 63.7 63.5 | 63.8 63.6 63.5 63.6 63.5 63.9 | | | | Intermediate products | 449.9 | 521.9 | 505.2 511.7 516.1 521.1 521.9 530.9 | 523.7 522.2 526.5 531.9 534.2 531.4 Construction supplies | 177.2 | 216.0 | 210.9 212.4 214.3 216.6 215.3 217.9 | 217.5 213.4 214.8 219.5 219.4 219.8 Business supplies | 272.7 | 305.6 | 294.0 299.0 301.6 304.2 306.3 312.6 | 305.8 308.6 311.4 312.0 314.5 311.2 Commercial energy products | 70.4 | 81.6 | 79.2 80.8 80.3 81.9 82.2 84.4 | 81.5 83.2 84.8 84.0 84.3 81.7 --------------------------------------------------------------------------------------------------------------------------------------------------------- Note: Estimates for January are preliminary. Estimates from October to December are revised. Table 8 DIFFUSION INDEXES OF INDUSTRIAL PRODUCTION Percent Year Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. ------------------------------------------------------------------------------------------------------- One Month Earlier 1995 58.9 43.8 49.8 44.2 51.7 49.8 49.8 59.6 57.0 43.0 51.3 47.2 1996 38.9 63.8 56.6 57.4 59.6 61.9 54.0 55.5 54.3 50.6 57.0 56.4 1997 50.2 64.9 54.0 54.2 50.2 52.8 57.2 52.3 54.4 55.7 60.6 53.0 Three Months Earlier 1995 69.8 58.9 52.1 47.5 47.5 52.5 52.5 56.2 61.5 55.5 49.4 47.9 1996 43.0 53.6 54.0 69.1 66.0 67.5 62.3 60.8 56.6 58.1 55.8 58.9 1997 53.2 63.0 58.9 63.0 54.7 52.8 55.1 59.3 55.9 54.2 65.5 66.3 Six Months Earlier 1995 67.9 66.8 62.6 61.1 55.8 50.6 43.8 50.6 55.5 49.4 54.3 52.5 1996 48.7 49.4 55.5 58.9 61.5 69.1 67.5 63.8 66.0 60.4 60.8 57.0 1997 63.0 65.3 64.2 60.8 59.1 61.5 63.9 60.8 60.1 60.8 66.2 66.2 ------------------------------------------------------------------------------------------------------- Note: The diffusion indexes are calculated as the percentage of series that increased over the indicated span (one, three, or six months) plus one-half the percentage that were unchanged. Table 9 ELECTRIC POWER USE: MANUFACTURING AND MINING | | Index, 1992=100 | 1992 | Seasonally adjusted | Not seasonally adjusted |Billion| 1997 | 1997 Item | KWH | July Aug. Sept. Oct. Nov. Dec. | July Aug. Sept. Oct. Nov. Dec. -------------------------------------------------------------------------------------------------------------------------------------------------- | | | Total | 934.1 | 105.6 105.2 105.6 106.2 105.7 107.2 | 106.4 108.9 109.2 107.5 104.8 105.2 | | | MAJOR INDUSTRY GROUPS | | | | | | Manufacturing | 854.0 | 105.8 105.3 105.7 106.5 105.8 107.4 | 107.0 109.5 109.7 107.8 104.8 105.1 Durable | 365.8 | 105.6 104.9 105.2 106.6 106.2 108.2 | 105.8 108.2 108.5 107.7 104.9 105.3 Nondurable | 488.3 | 106.1 105.6 106.2 106.4 105.6 106.8 | 107.9 110.5 110.6 107.9 104.8 104.9 Mining | 80.1 | 102.3 103.1 103.1 102.7 104.0 103.8 | 98.5 101.3 102.5 102.5 103.9 106.2 | | | INDUSTRY GROUPS and SERIES | | | | | | Metal mining 10 | 18.6 | 113.1 117.1 111.6 115.7 113.9 116.7 | 112.9 116.9 112.3 116.2 114.4 118.7 Iron ore 101 | 7.3 | 114.6 121.5 108.3 114.1 114.6 123.5 | 115.6 120.2 110.5 118.6 116.9 124.9 Copper ore 102 | 6.6 | 117.3 119.1 119.0 122.2 120.2 119.3 | 117.0 120.5 120.6 121.6 120.3 121.8 | | | Coal mining 12 | 12.7 | 99.8 98.8 100.8 98.1 97.1 99.2 | 82.4 90.8 94.8 94.7 98.8 106.0 | | | Oil and gas extraction 13 | 36.0 | 92.8 92.2 95.2 91.8 97.8 93.4 | 92.6 91.5 94.7 91.9 95.1 95.2 Crude oil and natural gas 131 | 31.0 | 92.3 90.8 94.8 90.7 97.6 93.2 | 91.8 89.6 94.1 91.0 95.0 94.8 Natural gas liquids 132 | 3.6 | 89.5 99.6 92.4 91.3 90.9 87.8 | 91.0 97.9 92.1 90.8 89.9 91.5 | | | Stone and earth minerals 14 | 12.8 | 111.4 112.5 111.3 114.1 112.5 114.1 | 111.3 113.9 115.5 116.5 115.1 113.1 Crushed stone 142 | 3.5 | 143.6 147.5 146.1 146.7 150.0 153.4 | 148.8 156.9 156.7 159.6 163.9 155.2 Sand and gravel 144 | 2.7 | 112.5 109.9 111.2 109.8 110.0 110.7 | 119.3 118.7 120.7 120.2 117.6 109.2 Chemical and fertilizer materials 147 | 4.7 | 98.7 100.5 98.1 103.5 99.5 102.0 | 96.8 98.4 99.9 101.9 98.8 101.2 | | | Foods 20 | 58.8 | 111.2 110.7 110.4 111.8 112.4 113.9 | 116.8 120.2 121.9 116.4 111.9 109.3 Meat products 201 | 10.3 | 116.2 117.4 116.8 117.6 118.7 122.3 | 126.0 129.1 129.0 120.4 116.2 117.2 Dairy products 202 | 6.8 | 99.4 101.9 100.6 102.7 103.4 104.5 | 110.1 111.9 109.7 103.4 98.4 98.2 Canned and frozen food 203 | 8.1 | 110.6 103.9 104.2 101.5 105.1 111.0 | 112.9 121.5 128.3 114.0 105.5 103.2 Grain mill products 204 | 11.4 | 122.6 124.8 123.0 123.7 123.5 125.6 | 121.2 126.1 127.3 129.4 127.6 121.8 Bakery products 205 | 3.5 | 112.1 109.6 108.7 111.4 113.1 114.1 | 122.1 121.9 121.8 115.4 110.3 107.5 Sugar and confectionery 206 | 4.0 | 111.8 109.9 106.8 106.8 103.4 101.5 | 105.6 106.3 106.5 108.3 116.2 113.3 Fats and oils 207 | 3.9 | 105.9 96.8 100.6 111.7 111.2 106.5 | 97.3 94.1 98.0 108.6 114.3 114.5 Beverages 208 | 6.1 | 100.4 102.5 106.0 108.7 108.7 106.3 | 112.9 117.2 122.2 113.5 103.9 97.2 Coffee and miscellaneous 209 | 4.7 | 111.2 110.3 109.5 111.9 109.7 111.1 | 121.0 122.4 122.4 115.8 108.1 107.0 | | | Tobacco products 21 | 1.5 | 97.9 98.4 105.4 104.5 106.6 101.0 | 100.7 108.1 117.2 111.3 105.3 95.4 | | | Textile mill products 22 | 31.5 | 112.7 105.7 111.1 107.5 112.3 118.3 | 111.1 120.9 122.3 111.2 109.9 109.7 Fabrics 221-4 | 11.8 | 107.4 107.3 108.8 101.5 109.2 118.4 | 107.9 120.9 119.9 105.8 105.9 109.1 Knit goods 225 | 4.1 | 106.7 106.5 105.6 106.4 105.0 107.4 | 111.4 122.2 119.0 111.0 100.2 97.0 Fabric finishing 226 | 2.5 | 133.6 123.6 127.0 130.1 127.9 134.7 | 124.3 130.1 135.9 131.0 129.4 130.9 Yarn and thread 228 | 8.3 | 103.5 96.0 104.0 98.5 104.9 107.9 | 102.9 110.0 115.6 103.6 101.8 98.8 Miscellaneous textiles 229 | 3.4 | 126.4 117.9 125.0 121.5 130.8 134.6 | 125.2 132.2 134.9 127.6 128.0 126.2 | | | Apparel products 23 | 8.2 | 96.3 93.2 93.6 97.1 97.2 99.9 | 105.2 110.4 108.7 99.5 92.4 91.2 Men's outerwear 231,2 | 2.0 | 88.4 86.7 87.2 89.7 89.3 91.5 | 94.6 99.4 98.3 91.7 86.2 84.7 Women's outerwear 233 | 2.5 | 120.9 119.0 119.0 122.9 120.5 124.8 | 133.3 144.2 140.1 126.3 114.3 111.9 | | | Lumber and products 24 | 19.8 | 123.7 121.8 121.8 120.5 119.7 121.5 | 119.1 121.3 121.3 119.8 120.9 121.6 Lumber 242 | 7.7 | 123.3 120.4 121.0 119.3 118.5 121.8 | 115.8 118.3 119.2 117.8 120.6 121.9 Millwork and plywood 243 | 5.6 | 135.7 135.3 133.3 132.8 129.6 133.4 | 131.0 134.9 133.0 132.3 130.7 133.4 | | | Furniture and fixtures 25 | 6.0 | 119.0 115.3 116.4 117.2 119.4 119.5 | 116.7 123.6 123.5 118.6 117.8 117.0 Household furniture 251 | 3.2 | 113.5 109.7 110.4 111.2 114.0 115.1 | 107.1 115.6 115.7 112.6 112.4 113.7 | | | Paper and products 26 | 113.3 | 103.9 101.5 103.2 105.1 103.3 104.6 | 104.7 105.3 104.7 105.3 103.6 104.3 Wood pulp 261 | 8.8 | 95.7 86.3 89.0 91.7 86.2 86.0 | 92.9 87.1 85.7 89.0 89.8 91.3 Paper 262 | 62.3 | 104.5 101.8 102.6 104.3 102.2 104.1 | 105.1 105.5 103.8 104.4 102.6 103.9 Paperboard 263 | 28.3 | 107.6 110.4 117.4 119.9 119.1 119.9 | 109.2 113.3 117.7 119.3 118.2 118.9 Paperboard containers 265 | 5.1 | 105.5 101.8 103.3 104.9 106.3 105.6 | 107.5 108.5 108.8 106.9 106.0 103.1 Converted paper products 267 | 8.9 | 100.5 99.5 100.3 102.8 100.5 101.9 | 102.6 104.5 104.4 103.9 99.8 99.9 | | | Printing and publishing 27 | 17.3 | 110.0 108.9 108.9 112.5 111.5 112.4 | 121.0 124.8 122.4 115.9 107.9 106.5 Newspapers 271 | 3.6 | 106.2 104.1 103.8 105.2 103.3 104.9 | 116.8 115.6 114.3 106.8 99.7 101.9 Commercial printing 275 | 9.2 | 114.6 114.5 115.4 119.0 119.9 120.9 | 126.6 132.8 130.3 123.2 116.3 113.4 | | | Chemicals and products 28 | 171.7 | 101.4 103.4 103.5 101.4 100.7 101.4 | 102.5 104.7 104.9 102.3 99.9 100.8 Basic chemicals 281 | 78.9 | 91.7 94.9 96.1 91.7 92.6 91.5 | 91.2 94.2 95.9 92.6 92.0 92.1 Alkalies and chlorine 2812 | 14.9 | 81.7 80.2 79.4 79.4 80.9 79.6 | 81.9 80.4 76.9 80.9 79.0 79.7 Inorganic chemicals, nec 2819 | 38.3 | 84.0 90.0 91.9 84.9 81.9 79.7 | 81.2 86.2 89.7 85.9 82.2 81.6 Acid and fertilizer materials | 14.0 | 99.4 103.7 102.0 108.3 105.5 103.2 | 100.4 105.8 102.4 106.6 106.1 105.0 Nuclear materials, nondefense | 24.3 | 76.3 83.3 86.9 73.3 70.2 68.1 | 71.7 76.5 83.5 75.7 70.3 70.0 -------------------------------------------------------------------------------------------------------------------------------------------------- Note: Estimates for December are preliminary. Estimates from October to November are revised. Table 9 (continued) ELECTRIC POWER USE: MANUFACTURING AND MINING | | Index, 1992=100 | 1992 | Seasonally adjusted | Not seasonally adjusted |Billion| 1997 | 1997 Item | KWH | July Aug. Sept. Oct. Nov. Dec. | July Aug. Sept. Oct. Nov. Dec. -------------------------------------------------------------------------------------------------------------------------------------------------- | | | Chemicals and Products (cont.) | | | Synthetic materials 282 | 29.2 | 112.7 112.1 109.5 110.1 108.1 111.2 | 114.9 114.9 111.6 110.6 106.8 109.4 Plastics materials 2821 | 18.3 | 128.9 128.3 129.7 133.4 136.5 137.5 | 131.2 131.4 132.5 132.5 133.8 136.9 Drugs and medicines 283 | 6.7 | 127.9 130.8 127.9 132.4 132.1 130.5 | 140.6 144.6 143.1 136.4 126.6 124.4 Soap and toiletries 284 | 3.0 | 110.4 110.2 111.4 113.6 112.6 114.2 | 117.9 119.9 121.0 115.6 107.3 108.6 Industrial organic chemicals 286 | 39.2 | 115.0 121.9 119.3 123.9 113.8 116.9 | 114.7 124.4 121.7 125.7 112.9 115.1 Agricultural chemicals 287 | 9.7 | 112.9 112.7 114.0 113.6 109.7 108.5 | 112.4 112.3 112.6 112.5 110.3 109.8 | | | Petroleum products 29 | 47.0 | 106.2 106.2 104.1 110.5 104.3 103.4 | 108.3 109.0 108.3 110.1 103.8 105.1 | | | Rubber and plastics products 30 | 38.0 | 123.5 120.9 121.1 122.1 122.4 125.1 | 124.7 126.4 127.2 124.9 121.5 119.8 Tires 301 | 4.3 | 108.4 104.0 107.3 108.4 108.2 110.6 | 110.4 112.8 115.4 112.0 108.2 102.0 Rubber products, nec 306 | 3.2 | 113.4 114.8 114.6 115.9 115.9 114.1 | 114.1 121.2 120.0 118.4 113.7 109.9 Plastics products, nec 308 | 28.9 | 128.7 125.9 125.5 126.4 127.0 130.4 | 129.9 130.5 131.3 129.1 126.0 125.6 | | | Leather and products 31 | 1.0 | 86.8 81.3 80.8 86.9 84.5 85.7 | 87.7 88.4 87.9 86.8 82.5 81.0 Shoes 314 | .3 | 83.5 77.7 75.2 81.7 81.3 84.3 | 86.5 87.6 85.3 83.0 78.2 78.1 | | | Stone, clay, & glass products 32 | 33.8 | 109.4 108.3 108.7 107.6 107.7 111.3 | 109.8 112.2 112.2 111.3 109.9 110.7 Flat glass 321 | 1.5 | 107.3 99.7 103.5 104.7 108.9 108.7 | 108.4 102.7 107.4 106.4 108.6 107.7 Pressed and blown glass 322 | 7.3 | 105.5 101.9 105.7 102.8 105.6 108.4 | 105.2 105.4 108.0 105.5 105.7 105.1 Cement 324 | 9.6 | 109.6 113.7 108.7 107.6 104.8 112.3 | 112.6 120.4 114.1 115.3 111.5 115.9 Structural clay products 325 | 1.4 | 106.1 102.7 104.5 99.5 100.2 101.7 | 106.8 104.8 107.6 100.8 101.1 102.2 Concrete products 327 | 4.7 | 113.6 111.6 110.7 112.6 112.7 112.8 | 113.4 114.3 114.3 115.2 114.3 113.1 | | | Primary metals 33 | 150.9 | 97.4 97.2 97.5 97.8 97.9 99.9 | 94.9 96.4 96.6 98.5 97.0 98.9 Basic steel and mill products 331 | 57.0 | 111.2 110.5 111.3 114.5 112.5 116.9 | 106.2 109.6 109.0 113.6 110.2 114.5 Iron and steel foundries 332 | 9.9 | 110.1 110.6 111.1 109.0 111.9 112.2 | 104.0 106.4 114.3 112.5 115.4 109.9 Primary nonferrous metals 333 | 66.2 | 75.5 76.6 77.3 76.1 77.6 77.3 | 76.7 76.8 75.5 76.6 75.9 77.2 Aluminum 3334 | 60.3 | 59.7 64.6 66.4 64.4 67.5 66.3 | 63.7 63.9 63.6 64.4 63.6 64.2 Nonferrous foundries 336 | 2.7 | 120.7 126.7 121.8 123.0 122.8 124.6 | 114.6 126.6 124.9 126.2 125.0 123.2 | | | Fabricated metal products 34 | 31.4 | 113.8 114.0 112.7 116.0 114.1 115.3 | 114.9 118.0 118.0 116.9 112.6 111.3 Metal containers 341 | 2.9 | 109.4 108.3 107.1 109.4 107.0 110.1 | 112.5 110.2 111.6 109.5 106.2 103.6 Hardware, tools, and cutlery 342 | 2.7 | 108.3 108.5 107.0 111.7 108.8 109.0 | 111.2 115.2 114.2 113.1 106.9 105.2 Structural metal products 344 | 5.4 | 112.7 115.3 111.5 113.8 111.2 112.3 | 113.2 117.2 114.5 113.6 110.4 110.4 Fasteners 345 | 1.7 | 114.8 110.8 113.3 117.8 114.9 116.7 | 115.8 116.9 119.7 119.5 112.8 111.5 Metal stampings 346 | 6.7 | 118.3 118.3 117.4 120.8 124.8 123.6 | 114.7 120.2 123.2 123.0 123.2 119.3 | | | Industrial machinery | | | and equipment 35 | 33.2 | 108.8 107.6 106.9 109.7 108.6 111.7 | 113.4 114.7 113.9 109.9 105.8 104.8 Engines and turbines 351 | 2.6 | 110.3 103.6 103.9 106.6 107.8 113.4 | 104.3 109.6 109.0 107.1 108.2 109.5 Farm 352 | 2.0 | 114.7 109.7 111.7 111.1 106.3 106.3 | 105.8 106.3 109.2 106.4 105.7 104.8 Construction and allied 353 | 3.8 | 105.3 105.5 103.2 112.2 108.4 110.4 | 111.2 110.9 111.3 110.3 107.5 103.6 Metalworking 354 | 4.1 | 110.2 111.7 107.9 113.9 111.5 112.2 | 114.6 120.5 116.2 114.5 107.5 106.9 Special industry 355 | 2.4 | 125.0 120.3 124.2 120.7 123.0 119.2 | 131.4 130.4 133.8 121.9 117.7 114.3 General industrial 356 | 5.2 | 113.2 109.2 109.2 113.1 110.6 114.8 | 115.8 117.5 117.3 113.5 107.5 108.7 Computer and office equip. 357 | 5.1 | 85.3 88.2 85.8 84.9 85.2 85.7 | 93.1 92.4 89.6 85.4 83.1 84.1 Service industry machines 358 | 3.5 | 110.3 107.8 107.0 109.2 110.8 111.2 | 116.1 116.8 115.4 109.9 107.6 102.9 | | | Electrical machinery 36 | 33.0 | 113.2 111.0 111.6 114.7 114.1 116.2 | 117.7 119.0 119.7 116.1 111.4 111.8 Electrical distribution 361 | 1.3 | 93.7 92.5 96.4 94.5 97.1 100.1 | 98.3 102.2 105.6 96.2 93.6 94.7 Electrical industrial 362 | 4.0 | 94.1 92.7 92.1 95.1 96.1 95.7 | 97.6 96.3 96.0 94.8 93.5 92.0 Household appliances 363 | 2.4 | 96.4 92.1 96.7 97.8 94.8 93.7 | 98.0 96.7 100.5 99.1 92.7 88.8 Lighting and wiring products 364 | 3.0 | 112.5 115.3 109.9 112.0 111.2 114.3 | 113.5 117.9 115.8 113.9 109.8 109.0 TV and radio sets 365 | .8 | 122.8 119.5 122.7 123.7 122.8 124.3 | 125.7 130.3 130.9 127.1 121.1 120.2 Communication equipment 366 | 3.3 | 106.9 104.8 104.1 110.1 107.2 109.6 | 115.3 115.0 114.9 110.1 103.0 106.1 Electronic components 367 | 14.5 | 125.8 123.4 124.9 127.7 126.8 129.2 | 131.7 132.6 134.0 128.8 123.8 125.3 | | | Transportation equipment 37 | 39.6 | 107.0 107.1 109.3 112.8 111.9 112.7 | 108.4 114.5 116.6 114.0 109.4 107.2 Motor vehicles and parts 371 | 22.8 | 116.6 117.3 120.3 126.8 124.3 126.1 | 116.7 125.8 129.3 128.2 121.9 119.3 Aircraft and parts 372 | 10.7 | 93.3 92.6 92.6 93.1 95.4 94.2 | 96.9 99.1 98.5 94.7 93.0 90.2 Ships and boats 373 | 2.2 | 79.9 82.5 82.1 73.2 76.5 74.1 | 81.3 83.7 83.0 71.6 74.7 73.8 | | | Instruments 38 | 13.7 | 97.5 96.8 95.7 96.8 98.6 99.3 | 104.5 105.3 103.9 98.7 94.7 94.1 Photographic equip. & supplies 386 | 1.8 | 95.3 91.0 91.2 85.5 95.1 94.6 | 98.7 97.8 96.0 88.3 90.9 89.8 | | | Miscellaneous manufactures 39 | 4.5 | 127.8 124.5 122.7 127.2 120.6 126.1 | 132.8 134.6 132.1 128.7 117.4 119.6 | | | SUPPLEMENTARY GROUPS | | | | | | Total, excluding nuclear nondefense | 909.8 | 106.9 106.1 106.4 107.7 107.3 108.9 | 108.0 110.4 110.4 108.9 106.3 106.7 Utility sales to industry | 835.3 | 106.1 105.7 106.3 106.3 105.7 107.6 | 106.8 109.4 109.9 107.7 105.1 105.3 Industrial generation | 98.8 | 99.7 100.2 100.2 103.5 100.0 99.0 | 101.0 101.5 98.4 104.3 99.3 103.0 -------------------------------------------------------------------------------------------------------------------------------------------------- Note: Estimates for December are preliminary. Estimates from October to November are revised. Explanatory Note The statistical release of Industrial Production and Capacity Utilization reports measures of output, capacity, and capacity utilization in manufacturing, mining, and the electric and gas utilities industries. The release also includes monthly indexes on the use of electric power in manufacturing and mining. Data in the release and historical data are available under statistical releases at http://www.bog.frb.fed.us, the Board's World Wide Web site. These data are also available on line on the day of issue through the Economic Bulletin Board of the Department of Commerce. For information, call (202) 482-1986. Diskettes containing historical data and the data published in this release are available from the Board of Governors of the Federal Reserve System, Publications Services, (202) 452-3245. Industrial Production Coverage. The industrial production (IP) index measures output in the manufacturing, mining, and electric and gas utilities industries; the reference period for the index is 1992. For the period since 1992, the total IP index has been constructed from 264 individual series based on the 1987 Standard Industrial Classification (SIC). These individual series are classified in two ways: (1) market groups (shown in table 1), such as consumer goods, equipment, intermediate products, and materials; and (2) industry groups (shown in tables 2 and 6), such as two-digit SIC industries and major aggregates of these industries-for example, durable and nondurable manufacturing, mining, and utilities. Market groups. For purposes of analysis, the individual IP series are grouped into final products, intermediate products, and materials. Final products are assumed to be purchased by consumers, businesses, or government for final use. Intermediate products are expected to become inputs in nonindustrial sectors, such as construction, agriculture, and services. Materials are industrial output requiring further processing within the industrial sector. Total products comprise final and intermediate products, and final products are divided into consumer goods and equipment. Timing. The first estimate of output for a month is published around the 15th of the following month. The estimate is preliminary (denoted by the superscript "p" in tables) and subject to revision in each of the subsequent three months as new source data become available. (Revised estimates are denoted by the superscript "r" in tables.) After the fourth month, indexes are not revised further until the time of an annual revision or a benchmark revision. The last three benchmark revisions were published in 1990, 1985, and 1976. Source data. In annual or benchmark revisions, the individual IP indexes are constructed from a variety of source data, such as the quinquennial Censuses of Manufactures and Mineral Industries and the Annual Survey of Manufactures, prepared by the Bureau of the Census; the Minerals Yearbook, prepared by the Department of the Interior; and publications of the Department of Energy. On a monthly basis, the individual indexes of industrial production are constructed from two main types of source data: (1) output measured in physical units and (2) data on inputs to the production process, from which output is inferred. Data on physical products, such as tons of steel or barrels of oil, are obtained from private trade associations as well as from government agencies including those listed above; data of this type are used to estimate monthly IP where possible and appropriate. When suitable data on physical product are unavailable, estimates of output are based on either production-worker hours or electric power use by industry. Data on hours worked by production workers are collected in the monthly establishment survey conducted by the Bureau of Labor Statistics. The data on electric power use are described below. The factors used to convert inputs into estimates of production are based on historical relationships between the inputs and the comprehensive data used to benchmark the IP indexes; these factors also may be influenced by technological or cyclical developments. Especially for the first and second estimates for a given month, the available source data are limited and subject to revision. Weights. In the index, series that measure the output of an individual industry are weighted according to their proportion in the total value-added output of all industries. The industrial production index, which extends back to 1919, is built as an annually weighted chain-type index since 1977. The components of IP are combined using estimates of value added per unit of output. For months from January to June, the weights are drawn from the year containing the month being estimated and the preceding year; for months from July to December, the weights are drawn from the current and following year. The IP proportions shown in column 1 of tables 1A, 2A, and 6 are estimates of the industries' relative contributions to overall growth in the following year. For example, a 1 percent increase in durable goods manufacturing in 1997 would account for an increase in total IP of nearly 1/2 percent. Seasonal adjustment. Individual series are seasonally adjusted by the X-11 ARIMA method, developed at Statistics Canada. For series based on production-worker hours, the current seasonal factors were estimated with data through October 1997; for other series, the factors were estimated with data through at least June 1997. In some cases, series were preadjusted for the effects of holidays or the business cycle before using X-11 ARIMA. For the data since 1977, all seasonally adjusted aggregate indexes are calculated by aggregating the seasonally adjusted indexes of the individual series. Reliability. The average revision to the level of the total IP index, without regard to sign, between the first and the fourth estimates was 0.28 percent during the 1987-96 period. The average revision to the percent change in total IP, without regard to sign, from the first to the fourth estimates was 0.21 percentage point during the 1987-96 period. In most cases (about 81 percent), the direction of change in output indicated by the first estimate for a given month is the same as that shown by the fourth estimate. Rounding. The published percent changes are calculated from unrounded indexes, and may not be the same as percent changes calculated from the rounded indexes shown in the release. Capacity Utilization Definition. Capacity utilization is calculated for the manufacturing, mining, and electric and gas utilities industries. For a given industry, the utilization rate is equal to an output index divided by a capacity index. Output is measured by seasonally adjusted indexes of industrial production. The capacity indexes attempt to capture the concept of sustainable practical capacity, which is defined as the greatest level of output that a plant can maintain within the framework of a realistic work schedule, taking account of normal downtime, and assuming sufficient availability of inputs to operate the machinery and equipment in place. The 76 individual capacity indexes are based on a variety of data, including capacity data measured in physical units compiled by trade associations, surveys of utilization rates and investment, and estimates of growth of the capital input. Groups. Estimates of capacity and utilization are available for a variety of groups, including primary and advanced processing industries within manufacturing, durable and nondurable manufacturing, total manufacturing, mining, utilities, and total industry. Component industries of the primary and advanced processing groups within manufacturing are listed in the note on tables 2 and 3 of the release. Weights. Although each utilization rate is the result of dividing an IP series by a corresponding capacity index, aggregate utilization rates are equivalent to combinations of individual utilization rates aggregated with proportions that reflect current capacity levels of output valued in current-period value added per unit of actual output. The implied proportions of individual industry operating rates in the rate for total industry for the most recent year are shown in the first column of table 3. Perspective. The historical highs and lows in capacity utilization shown in the tables above are specific to each series and did not all occur in the same month. Industrial plants usually operate at capacity utilization rates that are well below 100 percent: none of the broad aggregates has ever reached 100 percent. For total industry and total manufacturing, utilization rates have exceeded 90 percent only in wartime. Electric Power Data on electric power (expressed in kilowatt hours) are collected by the Federal Reserve District Banks from electric utilities and also from manufacturing and mining establishments that generate electric power for their own use (cogenerators). The indexes of power use shown in table 9 are sums of kilowatt hours used by an industry or industry group expressed as a percentage of that industry's or group's usage in 1992. The first column of the table shows, for reference, electric power use in billions of kilowatt hours as reported by manufacturing and mining industries in the 1992 censuses of those industries. The supplementary group, "Total, less nuclear nondefense," is shown separately because the value-added proportion for the nondefense nuclear material series (part of SIC 2819) in total IP is considerably smaller than its share of total electric power use. Excluding this component from total power use facilitates comparisons with total IP. References The annual revision published on December 9, 1997 will be described more completely in the February 1998 Federal Reserve Bulletin. A description of the aggregation methods for industrial production and capacity utilization is included in an article in the Federal Reserve Bulletin, vol. 83 (February 1997), pp. 67-92. Industrial Production-1986 Edition contains a more detailed description of the other methods used to compile the industrial production index, plus a history of its development, a glossary of terms, and a bibliography. To obtain Industrial Production-1986 Edition ($9.00 per copy), write to Board of Governors of the Federal Reserve System, Publications Services, Washington, DC 20551. The major revisions to the IP indexes and capacity utilization since 1990 have been described in the Federal Reserve Bulletin (April 1990, June 1990, June 1993, March 1994, January 1995, and January 1996). The basic methodology used to estimate capacity and utilization is discussed in the June 1990 Federal Reserve Bulletin. Release Schedule for 1998 At 9:15 a.m. on January 16, February 17, March 17, April 17, May 15, June 16, July 16, August 14, September 16, October 16, November 16, and December 16.