Table 10
 Gross-Value-Weighted Industrial Production:  Stage-of-Process Groups
 Percent change, seasonally adjusted
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                                                             |             | Fourth quarter to   |                            |                            |
                                                             |             |   fourth quarter    |        Annual rate         |        Monthly rate        |
                                                             |             |---------------------|----------------------------|----------------------------| June '02 
                                                             |        2002 |                     |  2002          2003        |  2003                      |     to
 Item                                                        |        gross|  2000   2001   2002 |    Q3     Q4  Q1  r  Q2    |  Mar.   Apr.    May   June |  June '03 
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                                                             |             |                     |                            |                            |
  Finished                                                   |   1773.1    |   1.8   -5.2     .4 |   2.8   -5.1     .4   -2.6 |   -.4    -.4    -.2     .8 |      -1.2 
  Semi-finished                                              |   1771.7    |   3.8   -5.7    3.2 |   6.1   -2.6    -.3   -4.0 |   -.7    -.7     .4    -.6 |       -.8 
  Primary                                                    |    866.8    |  -1.3   -6.0    3.5 |   1.4   -1.7    1.4   -6.7 |  -1.2    -.4    -.4    -.9 |      -2.5 
  Crude                                                      |    355.2    |  -4.5   -4.3    -.4 |   2.3   -6.2   -3.0   -2.5 |    .0    -.8    -.1     .6 |      -2.0 
                                                             |             |                     |                            |                            |
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 r  Revised.  p  Preliminary.
      <1>  Billions of 1996 dollars.