Table 10
 Gross-Value-Weighted Industrial Production:  Stage-of-Process Groups
 Percent change, seasonally adjusted
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                                                             |             | Fourth quarter to   |                            |                            |
                                                             |             |   fourth quarter    |        Annual rate         |        Monthly rate        |
                                                             |             |---------------------|----------------------------|----------------------------| Dec. '02 
                                                             |        2002 |                     |  2003                      |  2003                      |     to
 Item                                                        |        gross|  2001   2002   2003 |    Q1     Q2  Q3  r  Q4    | Sept.   Oct.   Nov.   Dec. |  Dec. '03 
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                                                             |             |                     |                            |                            |
  Finished                                                   |   1802.3    |  -4.2    1.4    2.1 |   1.9   -3.9    5.7    4.7 |   1.7    -.6    1.1     .1 |       2.9 
  Semi-finished                                              |   1759.0    |  -6.5    3.1    2.3 |   -.3   -3.6    5.8    7.6 |    .5     .7    1.0     .1 |       3.2 
  Primary                                                    |    858.5    |  -6.2    3.1     .0 |    .2  -10.3    3.3    7.7 |    .3     .8     .9     .4 |        .4 
  Crude                                                      |    360.5    |  -2.9    -.6     .1 |  -1.2   -5.9    3.0    4.9 |    .4     .5     .7     .3 |        .1 
                                                             |             |                     |                            |                            |
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 r  Revised.  p  Preliminary.
      <1>  Billions of 1996 dollars.