INDUSTRIAL PRODUCTION AND CAPACITY UTILIZATION:  SUMMARY
 Seasonally adjusted
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                               |                    1992=100                     |                  Percent change
                               | ----------------------------------------------- | ------------------------------------------------
                               |       2001                                      |   2001                          |   July '00 to 
 Industrial production         |       Apr.         May        June        July  |   Apr.     May    June    July  |     July '01 
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                               |                                                 |                                 |
  Total index                  |      144.6       144.2       143.0       142.8  |    -.3     -.3     -.9     -.1  |          -3.2 
     Previous estimates        |      144.2       143.5       142.5              |    -.5     -.5     -.7          |               
                               |                                                 |                                 |
 Major market groups:          |                                                 |                                 |
  Products, total              |      133.8       133.6       132.7       132.8  |    -.5     -.2     -.6      .1  |          -2.2 
     Consumer goods            |      122.1       122.6       122.2       122.8  |    -.3      .4     -.3      .5  |           -.1 
     Business equipment        |      193.3       191.5       188.2       187.7  |   -1.2     -.9    -1.7     -.3  |          -3.8 
     Construction supplies     |      139.6       139.4       138.8       138.6  |    -.6     -.2     -.4     -.2  |          -3.6 
  Materials                    |      164.1       163.4       161.5       160.9  |     .1     -.4    -1.2     -.3  |          -4.8 
                               |                                                 |                                 |
 Major industry groups:        |                                                 |                                 |
  Manufacturing                |      149.6       149.2       147.7       147.7  |    -.3     -.2    -1.0      .0  |          -3.9 
     Durable                   |      190.1       189.8       187.3       187.5  |    -.6     -.2    -1.3      .1  |          -3.7 
     Nondurable                |      112.8       112.4       111.7       111.6  |     .1     -.3     -.6     -.1  |          -4.1 
  Mining                       |      103.5       103.8       103.1       102.5  |     .8      .3     -.7     -.6  |           2.0 
  Utilities                    |      120.9       119.0       120.1       119.6  |    -.9    -1.6     1.0     -.5  |            .4 
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                               |                                                                                   |    Capacity
                               |                                Percent of capacity                                |     growth
                               | --------------------------------------------------------------------------------- | --------------
                               |     Average        1982     1988-89       2000  |   2001                          |   July '00 to 
 Capacity utilization          |  1967-2000          Low        High       July  |   Apr.     May    June    July  |     July '01 
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                               |                                                 |                                 |
  Total industry               |       82.1        71.1        85.4        82.3  |   78.4    78.0    77.2    77.0  |           3.3 
     Previous estimates        |                                                 |   78.1    77.6    77.0          |               
                               |                                                 |                                 |
     Manufacturing             |       81.1        69.0        85.7        81.6  |   76.9    76.6    75.7    75.6  |           3.7 
        Advanced processing    |       80.6        71.0        84.2        79.8  |   77.4    77.1    76.4    76.4  |           2.1 
        Primary processing     |       82.2        65.7        88.3        85.6  |   77.2    76.7    75.6    75.3  |           6.5 
     Mining                    |       87.4        80.3        88.0        86.3  |   90.0    90.3    89.8    89.3  |          -1.4 
     Utilities                 |       87.6        75.9        92.6        89.5  |   88.5    86.8    87.4    86.6  |           3.7 
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 Note:  Estimates for July are preliminary.  Estimates from April to June are revised.