Industrial Production and Capacity Utilization: 1998 Annual Revision.In late 1998, the Federal Reserve published revised indexes of industrial production (IP) and the related measures of capacity and utilization utilization, n 1. the extent to which a given group uses a particular service in a specified period. Although usually expressed as the number of services used per year per 100 or per 1000 persons eligible for the service, utilization rates may be for the period January January: see month. 1992 through October October: see month. 1998. For the third quarter of 1998, the revision (programming) revision - A release of a piece of software which is not a major release or a bugfix, but only introduces small changes or new features. placed the production index at 131.6 percent of output in 1992, compared with 128.2 percent reported previously, and the capacity index at 161.5 percent of output in 1992, compared with 158.1 percent reported previously.(1) As a result, the rate of industrial capacity utilization--the ratio of production to capacity--for that quarter was revised up 0.3 percentage point, to 81.5 percent. (Summary data for total industry and manufacturing are shown in appendix appendix, small, worm-shaped blind tube, about 3 in. (7.6 cm) long and 1-4 in. to 1 in. (.64–2.54 cm) thick, projecting from the cecum (part of the large intestine) on the right side of the lower abdominal cavity. tables A.1 and A.2.) The updated measures reflect both the incorporation of newly available, more comprehensive source data typical of annual revisions ReVisions is a 2004 anthology of alternate history short-stories. It is edited by Julie E. Czerneda and Isaac Szpindel. Contents Title Author The Resonance of Light James Alan Gardner Out of China Julie E. and, for some series, the introduction of modifications in the methods for compiling com·pile tr.v. com·piled, com·pil·ing, com·piles 1. To gather into a single book. 2. To put together or compose from materials gathered from several sources: the series. The new source data, which are principally derived de·rive v. de·rived, de·riv·ing, de·rives v.tr. 1. To obtain or receive from a source. 2. from the 1996 Annual Survey of Manufactures and the 1997 Survey of Plant Capacity, affect data for 1995 and thereafter. The modified mod·i·fy v. mod·i·fied, mod·i·fy·ing, mod·i·fies v.tr. 1. To change in form or character; alter. 2. methods affect data for 1992 onward on·ward adj. Moving or tending forward. adv. also on·wards In a direction or toward a position that is ahead in space or time; forward. . Growth in the output and capacity of high-technology industries is now estimated to have been more rapid than previously shown. Outside of the high-technology industries, revisions to the output indexes for individual industries were largely offsetting and had little net effect on the overall IP index through 1997 (chart 1). [Chart 1 OMITTED] REVISIONS TO PRODUCTION, CAPACITY, AND UTILIZATION Production The revised increases in the total IP index are about the same as those shown previously for 1993 and 1994 but are faster for 1995-98 (table A.3). The revised annual rate of growth has averaged 4.5 percent since 1994, 0.8 percentage point higher than previously shown; the upward revision for 1996 forward was close to 1 percentage point per year. The index shows the same pattern of output growth since 1992: No quarter shows a decrease in output, but gains were slower between the second quarter of 1995 and the first quarter of 1996, and again beginning with the first quarter of 1998. The slowing in the latter period reflects the effects of the economic turmoil in Asia. By Market Groups Among major market groups, the expansion of output was pervasive pervasive, adj indicates that a condition permeates the entire development of the individual. and substantial in 1996 and 1997, with strength concentrated in business equipment, durable consumer goods consumer goods Any tangible commodity purchased by households to satisfy their wants and needs. Consumer goods may be durable or nondurable. Durable goods (e.g., autos, furniture, and appliances) have a significant life span, often defined as three years or more, and , and related materials; only the production of defense and space equipment declined in these years. The production of nondurable non·du·ra·ble adj. Not enduring; being in a state of constant consumption: nondurable items such as paper products. n. A consumable item: nondurables such as food. consumer products advanced relatively slowly; solid growth in the consumer chemical products industry was offset by declines in apparel production for 1995 through the present. In 1998, growth was slower in the production of consumer goods, business equipment other than information processing information processing: see data processing. information processing Acquisition, recording, organization, retrieval, display, and dissemination of information. Today the term usually refers to computer-based operations. equipment, and both durable and nondurable materials. The output of information processing and related equipment continued to increase strongly, and the output of construction supplies accelerated after having risen slowly in 1997. The output of energy products and materials also picked up, on balance, a move reflecting the unusual weather patterns since last fall. The output of defense and space equipment edged up after having declined substantially for most of this decade. By Industry Groups The revised figures continue to show that during the past two years growth among the broad industry groups was concentrated in durable manufacturing, which advanced 11.1 percent in 1997 before easing to a 4.2 percent annual rate in the first three quarters of 1998. The relatively rapid expansion in this sector has been supported over the years by sustained rapid increases in the output of computers, semiconductors and related electronic components, and communications equipment. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the revised index, the annual rate of growth of production in these high-technology industries averaged nearly 40 percent for 1994 through 1997, substantially higher than previously shown (table A.4). The growth of output of other manufacturing industries manufacturing industries npl → industrias fpl manufactureras manufacturing industries npl → industries fpl de transformation , which was revised little on balance for the 1994-97 period, advanced 3.0 percent over the four quarters of 1996 and 4.3 percent over 1997 before edging down in 1998. In 1998, the economic troubles in Asia have, either through more imports or fewer exports, reduced the domestic production of iron and steel, semiconductors, some chemicals, and other internationally traded goods. However, the revised series for civilian CIVILIAN. A doctor, professor, or student of the civil law. aircraft shows stronger growth in the first half of 1998 than shown previously. Capacity The revised measures of capacity and utilization reflect the new IP indexes, updated estimates of manufacturing capital input, new information on physical capacity and utilization for selected industries provided mainly by trade associations, and preliminary results of the 1997 Survey of Plant Capacity conducted by the Bureau of the Census Noun 1. Bureau of the Census - the bureau of the Commerce Department responsible for taking the census; provides demographic information and analyses about the population of the United States Census Bureau , which yielded utilization rates for manufacturing industries for the fourth quarter of 1997. As was the case with the IP index, the rate of growth of manufacturing capacity was revised upward for 1995 forward (table A.5). The revised figures show that the annual rate of growth jumped to 6.0 percent in 1995 and 6.4 percent in 1996. It has slowed a bit in the past two years; 1998 growth is estimated to have been 5.6 percent. The rapid growth and upward revisions were again concentrated in durable manufacturing, especially in the high-technology industries. The capacity increase in these industries peaked at 46.3 percent in 1996 and then decelerated to 34.8 percent by 1998. In contrast, capacity growth in the rest of manufacturing was approximately ap·prox·i·mate adj. 1. Almost exact or correct: the approximate time of the accident. 2. 3 percent in 1995 and 1996 and then declined to an estimated 2.6 percent by 1998. Capacity expansion in mining and utilities was considerably slower. In particular, the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. Electric Reliability Council reduced its estimate of generating capacity for the winter of 1997 and projected increases in capacity short of probable PROBABLE. That which has the appearance of truth; that which appears to be founded in reason. increases in demand. Moreover, the drop in world demand for crude oil and its low price have led to a sharp drop in work in domestic oil fields This list of oil fields includes major fields of the past and present. The list is incomplete; there are more than 40,000 oil and gas fields of all sizes in the world[1]. . Capacity Utilization Capacity Utilization measures the rate at which a firm makes use of their capital productive capacities, such as factories and machinery. Capacity Utilization generally rises when the economy is healthy and falls when demand softens. For 1997 and 1998, the upward revisions to manufacturing capacity were relatively smaller than the revisions to output; consequently, the rate of manufacturing capacity utilization was revised up 0.3 percentage point for the fourth quarter of 1997 and 0.6 percentage point for the third quarter of 1998 (table A.6). The largest upward revision of utilization was for the transportation equipment industry. Utilization in manufacturing in the third quarter of 1998 was 80.2 percent, a level that is 0.9 percentage point less than the 1967-97 average, as the rates in both primary- and advanced-processing industries fell more than 2 percentage points over the first three quarters of 1998. In contrast to the general easing in manufacturing utilization rates, the rate rose further for petroleum products, to 96.5 percent. The low price of crude oil pushed refining refining, any of various processes for separating impurities from crude or semifinished materials. It includes the finer processes of metallurgy, the fractional distillation of petroleum into its commercial products, and the purifying of cane, beet, and maple sugar activity toward capacity limits. The capacity utilization rate Capacity utilization rate The percentage of the economy's total plant and equipment that is currently in production. Usually, a decrease in this percentage signals an economic slowdown, while an increase signals economic expansion. for mining for the third quarter of 1998 was revised down 2.5 percentage points, leaving it more than a percentage point below its long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. average. Although the rate for gas utilities also was revised down, to a below-average level, the rate for electric utilities was revised upward to 97.7 percent, its highest level since 1970. Strong summer demand for air conditioning air conditioning, mechanical process for controlling the humidity, temperature, cleanliness, and circulation of air in buildings and rooms. Indoor air is conditioned and regulated to maintain the temperature-humidity ratio that is most comfortable and healthful. due to high temperatures forced some utilities to limit their supply of electricity to industrial companies. TECHNICAL ASPECTS OF THE ANNUAL REVISION The revision incorporates the updating of the comprehensive annual data and of the monthly source data used in the estimation estimation In mathematics, use of a function or formula to derive a solution or make a prediction. Unlike approximation, it has precise connotations. In statistics, for example, it connotes the careful selection and testing of a function called an estimator. of production, capacity, and utilization. More up-to-date results were obtained from the 1996 Annual Survey of Manufactures, the 1997 Survey of Plant Capacity, other annual industry reports, recent information on prices, and revised monthly source data on physical products and on labor and electricity inputs.(2) Productivity relationships were revised on the basis of the differences between the new annual and monthly data and applied to the individual monthly source data to determine the final individual production indexes. Along with the individual production series and seasonal factors, the annual value-added val·ue-add·ed adj. Of or relating to the estimated value that is added to a product or material at each stage of its manufacture or distribution: weights used in aggregating the indexes to market and industry groups were also updated. Changes to Individual Production Series The industry and market structures of the index of industrial production now comprise To embrace, cover, or include; to confine within; to consist of. In the law governing patents—grants of an exclusive right or privilege to make, use, or sell an invention or product for a term of years—the term comprise 267 individual series, up from 264 at the time of the previous annual revision. Individual series were changed for electronic components, coal, aircraft, and lawn and garden equipment. The electronic components industry, SIC 367, was previously covered by two indexes, one for TV tubes and the second for semiconductors and other components. Now, four new indexes cover electronic components other than TV tubes: (1) semiconductors and related devices, SIC 3674; (2) printed circuit boards, SIC 3672; (3) other electronic components, SIC 3675-8 and part of 3679; and (4) printed circuit assemblies and loaded boards, part of SIC 3679. Development of the estimates of production of semiconductors and related devices is discussed below; the other three series are derived from monthly Bureau of Labor Statistics Bureau of Labor Statistics (BLS) A research agency of the U.S. Department of Labor; it compiles statistics on hours of work, average hourly earnings, employment and unemployment, consumer prices and many other variables. data on worker hours and productivity trends determined by annual data. The four series appear within the industry structure of the IP index in the subgroup sub·group n. 1. A distinct group within a group; a subdivision of a group. 2. A subordinate group. 3. Mathematics A group that is a subset of a group. tr.v. electronic components, SIC 367; and within the market structure in equipment parts, a subgroup within durable goods durable goods Goods, such as appliances and automobiles, that have a useful life over a number of periods. Firms that produce durable goods are often subject to wide fluctuations in sales and profits. Also called consumer durables. materials, as shown in the following table: Semiconductors and Related Electronic Components within the Market Structure
Series 1997
value-added
share
Materials 40.2
Durable goods materials 24.0
Equipment parts 9.2
Computer and other board
assemblies and parts .9
Printed circuit assemblies
and loaded boards
(SIC 3679pt) .5
Semiconductors, printed circuit
boards, and other
electronic components 3.7
Printed circuit boards (SIC 3672) .3
Semiconductors and related devices
SIC 3674) 2.8
Other electronic components
(SIC 3675-8,9pt) .6
The new production measure for semiconductors and related devices (SIC 3674) attempts to capture advances in the capability of these devices as well as changes in volumes produced by aggregating detailed information on physical quantities and average unit values for about 300 distinct devices.(3) A chained Fisher fisher, name of a large North American marten, Martes pennanti. This carnivorous, largely arboreal mammal is found in hardwood forests of Canada, the extreme N United States, and mountain ranges of the W United States. quantity index of semiconductor output is derived by dividing an estimate of nominal Trifling, token, or slight; not real or substantial; in name only. Nominal capital, for example, refers to extremely small or negligible funds, the use of which in a particular business is incidental. NOMINAL. Relating to a name. domestic production by a chained Fisher price index. Nominal domestic production is estimated using monthly data from the World Semiconductor Trade Statistics monthly (WSTS WSTS World Semiconductor Trade Statistics WSTS World Sea Trade Service WSTS Weeping Silently to Self (chat) WSTS Women Science Technology and Society WSTS Weapon System Trade Study WSTS White Sands Tracking Station ) issued by the Semiconductor Industries Association and estimates of the U.S. share of world shipments based on data from the Census census, periodic official count of the number of persons and their condition and of the resources of a country. In ancient times, among the Jews and Romans, such enumeration was mainly for taxation and conscription purposes. Bureau's annual Current Industrial Reports for semiconductors. Data on physical quantities and average unit values for the different semiconductor devices are obtained from several sources and used to construct price indexes for about a dozen categories of chips. Data on metal oxide semiconductor See MOS. (electronics) Metal Oxide Semiconductor - (MOS) The three materials used to form a gate in the most common kind of Field Effect Transistor - a MOSFET. (MOS (1) (Metal Oxide Semiconductor) See MOSFET. (2) (Mean Opinion Score) The quality of a digitized voice line. It is a subjective measurement that is derived entirely by people listening to the calls and scoring the results from ) microprocessors This is a list of microprocessors. Intel
The price indexes computed from these data for MOS memories and MOS MPUs are quantitatively quan·ti·ta·tive adj. 1. a. Expressed or expressible as a quantity. b. Of, relating to, or susceptible of measurement. c. Of or relating to number or quantity. 2. very similar to those published by the Bureau of Economic Analysis for the period 1992 through 1996, and to the new producer price indexes (PPI (1) (Pixels Per Inch) The measurement of the resolution of a monitor or scanner. For example, a monitor that is 16 inches wide and displays 1600 pixels across its width would have a resolution of 100 ppi (1600 divided by 16). ) published by the Bureau of Labor Statistics since January 1997.(4) In contrast, the price indexes that are used in the industrial production system for non-MOS devices and MOS logic chips other than MPUs show steeper steep 1 adj. steep·er, steep·est 1. Having a sharp inclination; precipitous. 2. At a rapid or precipitous rate: a steep rise in salaries. 3. a. price declines than the corresponding PPI measures. Some minor products of SIC 3674 are not included in the semiconductor indicator Indicator Anything used to predict future financial or economic trends. Notes: In the context of technical analysis, an indicator is a mathematical calculation based on a securities price and/or volume. The result is used to predict future prices. described above. The nominal gross output data from the Annual Survey of Manufactures (ASM (1) (Association for Systems Management) An international membership organization based in Cleveland, Ohio. Founded in 1947 and disbanded in 1996, it sponsored conferences in all phases of administrative systems and management. ) for the industry include all of the products made by the industry, so the price deflator Deflator A statistical factor used to convert current dollar purchasing power into inflation-adjusted purchasing power. Enables the comparison of prices while accounting for inflation in two different time periods. constructed above is augmented by producer price indexes for the secondary products of the industry when computing computing - computer the deflator for the nominal gross output data for the industry. The final industrial production estimate for semiconductors and related devices includes a correction CORRECTION,punishment. Chastisement by one having authority of a person who has committed some offence, for the purpose of bringing him to legal subjection. 2. It is chiefly exercised in a parental manner, by parents, or those who are placed in loco parentis. to align align (  līn),v to move the teeth into their proper positions to conform to the line of occlusion. the monthly output index to the deflated de·flate v. de·flat·ed, de·flat·ing, de·flates v.tr. 1. a. To release contained air or gas from. b. To collapse by releasing contained air or gas. 2. gross output data for the industry. Changes to individual series other than those in the electronic components subgroup include revised IP series for coal, completed commercial aircraft, and lawn and garden equipment. The coal series had been based directly on tonnage TONNAGE, mar. law. The capacity of a ship or vessel. 2. The act of congress of March 2, 1799, s. 64, 1 Story's L. U. S. 630, directs that to ascertain the tonnage of any ship or vessel, the surveyor, &c. production. However, the quality of U.S. coal varies by region.(5) For example, a ton of coal from Appalachia Appalachia, region: see Appalachian Mountains. Appalachia West Virginia coal mining region known for its abysmal poverty. [Am. Hist.: NCE, 160] See : Poverty provides more heat, expressed in British thermal units British thermal unit, abbr. Btu, unit for measuring heat quantity in the customary system of English units of measurement, equal to the amount of heat required to raise the temperature of one pound of water at its maximum density [which occurs at a temperature of 39. (Btu), than a ton of lignite lignite (lĭg`nīt) or brown coal, carbonaceous fuel intermediate between coal and peat, brown or yellowish in color and woody in texture. coal from North Dakota North Dakota, state in the N central United States. It is bordered by Minnesota, across the Red River of the North (E), South Dakota (S), Montana (W), and the Canadian provinces of Saskatchewan and Manitoba (N). , Texas, or Louisiana Louisiana (ləwē'zēăn`ə, l  ē'–), state in the S central United States. It is bounded by Mississippi, with the Mississippi R. . The growth in
coal production over the past decade or so has been concentrated in
subbituminous coal subbituminous coalDark-brown to black coal, intermediate in rank between lignite and bituminous coal. It contains less water and is harder than lignite, making it easier to transport, store, and use. , which is extracted by surface mining at low cost in Wyoming Wyoming, city, United States Wyoming, city (1990 pop. 63,891), Kent co., W Mich., in the greater Grand Rapids metropolitan area, on the Grand River; settled 1832, inc. 1959. and western Montana
Western Montana is the western region of the state of Montana, United States. Western Montana is usually considered to be administered by the Missoulian, and the city of Missoula; Billings and is relatively low in Btu content. Therefore, the revised index of coal production weights the tonnage produced in a region by the Btu content typical of a ton of coal mined in that region. Completed aircraft, SIC 3721, includes both commercial and military aircraft. The benchmark A performance test of hardware and/or software. There are various programs that very accurately test the raw power of a single machine, the interaction in a single client/server system (one server/multiple clients) and the transactions per second in a transaction processing system. annual levels for this industry are gross output levels for the industry, derived from data from the ASM and from price deflators from the Bureau of Economic Analysis. These benchmark levels are split into military and civilian components on the basis of more detailed ASM product shipments. The goal of the revision for this industry was to make the IP indexes reflect actual aircraft operations. Previously the indexes were based on monthly production-worker hours and rested on productivity assumptions that were developed from historical trends. One of the difficulties with this approach was that the information on production-worker hours does not distinguish hours used in the production of commercial aircraft from hours used in the production of military aircraft. Under the new procedure, the production measure for commercial aircraft approximately equals a forward-looking for·ward-look·ing adj. Concerned with or making provision for the future: forward-looking educators; a forward-looking corporate plan. Adj. 1. ten-month moving average of actual or future planned completions (deliveries plus the change in stock) of commercial aircraft by Boeing (language) BOEING - An early system on the IBM 1130. [Listed in CACM 2(5):16, May 1959]. Corporation. The final IP index is also constructed so that its monthly changes are positively correlated cor·re·late v. cor·re·lat·ed, cor·re·lat·ing, cor·re·lates v.tr. 1. To put or bring into causal, complementary, parallel, or reciprocal relation. 2. with the monthly changes in production-worker hours. The estimates of military aircraft productivity were also improved, using annual information on planned production of military aircraft, including fighters, bombers, cargo planes cargo plane n → avión m de carga cargo plane n → avion-cargo m cargo plane cargo n → , and AWACS AWACS (Airborne Warning and Control System) Mobile, long-range radar surveillance-and-control centre for air defense. Used by the U.S. Air Force since 1977, AWACS is mounted in a specially modified Boeing 707 aircraft, with its main radar antenna affixed to a rotating dome. planes, which were combined into an annual aggregate military aircraft production indicator using prices available on Department of Defense web sites. This indicator, combined with the estimate of commercial aircraft production, provides a good estimate of the overall production of complete aircraft through the current year. Finally, a physical product series for lawn and garden equipment, SIC 3524, was developed using data for production of lawn and garden tractors, mowers, rotary tillers rotary tiller n. See rotary plow. , and snow throwers from Stark's Component Ledger The principal book of accounts of a business enterprise in which all the daily transactions are entered under appropriate headings to reflect the debits and credits of each account. . The data represent output for the three-month period from the third month of a given calendar quarter through the second month of the following quarter. Through 1992, the monthly indicator for this series remains production-worker hours. Weights The IP index is an annually weighted Fisher index.(6) In the revision, the annual value-added weights for the aggregation of the IP indexes and the capacity utilization rates, which are derived from annual estimates of industry value added Value Added The enhancement a company gives its product or service before offering the product to customers. Notes: This can either increase the products price or value. , were updated and extrapolated (table A.7). Data from the Annual Survey of Manufactures, together with revenue and expense data reported by the Department of Energy and the American American, river, 30 mi (48 km) long, rising in N central Calif. in the Sierra Nevada and flowing SW into the Sacramento River at Sacramento. The discovery of gold at Sutter's Mill (see Sutter, John Augustus) along the river in 1848 led to the California gold rush of Gas Association, provided information on industry value added for manufacturing and utilities through 1996; the latest value-added data for mining came from the Census of Mineral Industries for 1992. The weights are expressed as unit value added. Generally, the unit-value-added measures track broad changes in corresponding producer prices. The weights required for aggregating IP in the most recent period are (1) estimated from available data on producer prices through the most recent year and (2) extrapolated for the following year, given the persistence (1) In a CRT, the time a phosphor dot remains illuminated after being energized. Long-persistence phosphors reduce flicker, but generate ghost-like images that linger on screen for a fraction of a second. of many relative price trends. Revised Monthly Data The monthly physical product data that are used to measure the monthly movements of many IP indexes have been updated to capture data that became available after the closing of the regular four-month reporting window. For many individual IP indexes, monthly data on production-worker hours or sales of electric power to industry groups, in kilowatt-hours, along with estimates of trends in output per worker hour or kilowatt-hour kil·o·watt-hour n. Abbr. kWh or kW-hr A unit of electric energy equal to the work done by one kilowatt acting for one hour. , are used to indicate the monthly change in output. This revision incorporates the Bureau of Labor Statistics benchmark of the employment data for March 1997. It also incorporates revised data on the sales of electricity to industries tot 1992 onward. The monthly kilowatt-hour sales figures sales figures npl → cifras fpl de ventas were benchmarked to data on the annual use of electric power reported in the Annual Survey of Manufactures through 1996. The incorporation of the new data resulted in an average upward revision in industrial use of electric power of 0.3 percentage point per year over the period 1994 through 1996 (table A.8). Seasonal factors for the electric power series were reestimated using data through May 1998.(7) This revision also introduced an improvement in the techniques for adjusting monthly electric power data for systematic influences of the weather. Data on electric power use by establishments in fifty three-digit SIC industries are used as monthly indicators for production in forty-two component IP series. Unusually warm or cool temperatures appear at times to have caused the use of electricity to rise or fall independently of its use in production. Staff research indicated that the usual seasonal adjustment techniques did not adequately capture the influence of the weather on electric power usage by thirteen industries, which are used to infer production for almost 16 percent of the IP index. The revised IP index estimates for these thirteen industries incorporate electric power use series with the effects of unseasonable un·sea·son·a·ble adj. 1. Not suitable to or appropriate for the season. 2. Not characteristic of the time of year: unseasonable weather. 3. Poorly timed; inopportune. weather removed; the procedure uses data on national heating and cooling degree days to model weather effects. Measurement of Capacity The revisions to capacity and utilization incorporate the revised production indexes, the preliminary results of the 1997 Survey of Plant Capacity, updated measures of 1997 and 1998 capacity in physical units for selected industries, and revised estimates Revised estimate The third estimate of GDP released about three months after the measurement period. of industry capital input. The 1997 Survey of Plant Capacity, which was conducted by the Bureau of the Census and partially funded by the Federal Reserve, returned to being conducted annually; from 1989 to 1996, results from the survey were received every two years. The Survey of Plant Capacity is the Federal Reserve's source of utilization rates for most manufacturing industries. The preliminary results of the 1997 survey, along with revisions to the 1996 survey, suggested that trends in manufacturing utilization rates were roughly in line with those previously estimated by the Federal Reserve for those years. However, dividing the industrial production indexes for high-technology industries, which were generally revised substantially upward, by the Census utilization rates yielded a noticeable upward revision of capacity in those industries. An estimate of capital input for an industry is typically the third major component, along with an IP index and a survey utilization rate, in the Federal Reserve's procedure for estimating capacity by industry (see box "Procedure for Estimating Capacity"). Revised BEA BEA - Basic programming Environment for interactive-graphical Applications, from Siemens-Nixdorf. estimates of business investment and deflators by asset type through mid- mid- pref. Middle: midbrain. 1998 were incorporated with this revision. The effect of these new data on the overall manufacturing capital input measure was very small. NOTE. Other contributors to the revision and this article include the following: Ana Aizcorbe, William Cleveland William Cleveland (born Devonshire, died December 6th 1758) was an English independent slave trader(or interloper) who was stationed at Galinhas in Sierra Leone during the 1730s. , Carol Corrado Corrado may be refer to:
In places:
British writer known chiefly for a series of stories featuring the brilliant detective Sherlock Holmes, including The Hound of the Baskervilles (1902). , Norman Norman, city (1990 pop. 80,071), seat of Cleveland co., central Okla.; inc. 1891. It is the center of a livestock region. Oil wells, food processing, and printing and publishing contribute to the economy, and there is diverse manufacturing (machinery, communication Morin Mo´rin n. 1. (Chem.) A yellow crystalline substance ( fustic rodby> (Chlorophora tinctoria syn. , and Dixon Dixon, city (1990 pop. 15,144), seat of Lee co., N Ill., on the Rock River; founded 1830, inc. 1857. Corn and soybeans are grown, cattle are raised, and there is light manufacturing. Tranum. (1.) The revisions to the industrial production data for August through October 1998 and the new data for November November: see month. from the Board's G.17 statistical release on "Industrial Production and Capacity Utilization," issued on December December: see month. 16, 1998, have been incorporated in all the statistics and tables presented in this article. (2.) Information about the sources of monthly data used to calculate the indexes can be found in "Table 1: Industry structure of industrial production: Classification, value-added weights, and description of series" on the Board's World Wide Web site (http:// www.federalreserve.gov/releases/g17/About.him). (3.) The data for the individual devices are aggregated using Fisher aggregation methods. See Carol Corrado, Charles Gilbert Charles Gilbert may refer to:
Canadian hockey player. A right wing for the Montreal Canadiens (1942-1960), he led his team to eight Stanley Cup championships and was the first player to score 50 goals in a Raddock Rad´dock n. 1. (Zool.) The ruddock. , "Industrial Production and Capacity Utilization: Historical Revision and Recent Developments," Federal Reserve Bulletin, vol. 83 (February February: see month. 1997), pp. 67-92, for a general description of the methodology. (4.) See Bruce Bruce, Scottish royal family descended from an 11th-century Norman duke, Robert de Brus. He aided William I in his conquest of England (1066) and was given lands in England. T. Grimm, "Price Indexes for Selected Semiconductors, 1974-96," Survey of Current Business (U.S. Department of Commerce, Bureau of Economic Analysis, February 1998); and Mike Holdway, "Changes in the PPI for Semiconductors Indexes," Producer Price Indexes: PPI Detail Report (U.S. Department of Labor, Bureau of Labor Statistics, January 1997). (5.) See A. Denny Denny may refer to:
The first public release of a translator to Scheme by Matt Birkholz, Jim Miller, and Ron Weiss, written at Digital Equipment Corporation's Cambridge Research Laboratory runs M. Stoker, and Ernst R. Berndt, "Sources of Productivity Growth in the American Coal Industry, 1972-95" (paper prepared for a meeting of the Conference on Research on Income and Wealth, New Directions in Productivity Analysis, Washington Washington, town, England Washington, town (1991 pop. 48,856), Sunderland metropolitan district, NE England. Washington was designated one of the new towns in 1964 to alleviate overpopulation in the Tyneside-Wearside area. , D.C., March 1998). (6.) The aggregation procedures are described in Corrado, Gilbert Gil·bert , Walter Born 1932. American biologist. He shared a 1980 Nobel Prize for developing methods of mapping the structure and function of DNA. , and Raddock, "Industrial Production and Capacity Utilization: Historical Revision and Recent Developments." (7.) Seasonal factors for worker hours were based on data through October 1998; factors for the monthly physical product series were based on data through June June: see month. or later in the summer. RELATED ARTICLE: Data Changes and Availability Data on production, capacity, and utilization are published monthly in the Board's G.17 statistical release "Industrial Production and Capacity Utilization." As described in the accompanying ac·com·pa·ny v. ac·com·pa·nied, ac·com·pa·ny·ing, ac·com·pa·nies v.tr. 1. To be or go with as a companion. 2. article, the data for 1992 and after have been revised. This revision marks the introduction of one new market group: semiconductors, printed circuit boards, and other electronic components. Files containing all the historical data can be found on the Board's web site (http://www.federalreserve.gov See .gov and GovNet. (networking) gov - The top-level domain for US government bodies. ) under "Statistics: Releases and historical data." For paid access to these files through the Department of Commerce's Economic Bulletin Board or web site, please call STAT-USA at 1-800-STAT-USA (1-202--482-1986). Diskettes containing either historical data (through 1985) or more recent data (1986 to those most recently published in the G. 17 statistical release) are available from Publications Services, Board of Governors of the Federal Reserve System Board of Governors of the Federal Reserve System The managing body of the Federal Reserve System, which sets policies on bank practices and the money supply. , Washington, DC 20551 (202-452-3245). A document with printed tables of the revised estimates of series shown in the G. 17 release is available upon request to the Industrial Output Section, Mail Stop 82, Division of Research and Statistics, Board of Governors of the Federal Reserve System, Washington, DC 20551. RELATED ARTICLE: Procedure for Estimating Capacity The Federal Reserve's procedure for constructing individual capacity indexes involves several steps. First preliminary, implied Inferred from circumstances; known indirectly. In its legal application, the term implied is used in contrast with express, where the intention regarding the subject matter is explicitly and directly indicated. end-of-the-year indexes of capacity are calculated by dividing a production index by a utilization rate obtained from a survey for that end-of-year period. These ratios, like the indexes of industrial production, are expressed as percentages of 1992 production; they give the general level and trend of the capacity estimates.(1) Once the preliminary implied capacity indexes are calculated, measures of physical capacity or of capital input are used to estimate and extrapolate extrapolate - extrapolation the annual movements of the capacity indexes. For most manufacturing industries, physical measures of capacity are lacking; in these cases, the annual growth in the capacity estimates is related to the growth in an industry's capital input. The capital input measures are developed principally from investment data reported in the Annual Survey of Manufactures. (1.) Each implied capacity index number is an estimate of a sustainable maximum level of output expressed as a percentage of actual output in 1992. Thus, if in the fourth quarter of 1992 the production index is 100 and a related utilization rate from a survey is 80 percent, then the implied capacity index is 100/.8, or 125. The capacity indexes 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 after taking account of normal downtime The time during which a computer is not functioning due to hardware, operating system or application program failure. and assuming sufficient availability of inputs to operate the machinery and equipment in place. The questions asked in both the broad Census Bureau Noun 1. Census Bureau - the bureau of the Commerce Department responsible for taking the census; provides demographic information and analyses about the population of the United States Bureau of the Census survey and the narrower surveys of selected industries are generally consistent with this definition of capacity. The concept itself generally conforms to that of a full-input point on a production function, with the qualification that capacity represents a realistically sustainable maximum, rather than some higher unsustainable short-term Short-term Any investments with a maturity of one year or less. short-term 1. Of or relating to a gain or loss on the value of an asset that has been held less than a specified period of time. maximum. See Carol Corrado and Joe Mattey, "Capacity Utilization," Journal of Economic Perspectives, vol. 11 (Winter 19971. pp. 151-67. In the absence of utilization rate information for an industry, which is the case fix a few series in mining, trends through peaks in production are used to estimate capacity output for that industry. APPENDIX A: SUMMARY TABLES BASED ON THE G.17 RELEASE, DECEMBER 16, 1998 A.1 Revised data for industrial production, capacity, and utilization for total industry, 1987-98 Seasonally adjusted Seasonally adjusted Mathematically adjusted by moderating a macroeconomic indicator (e.g., oil prices/imports) so that relative comparisons can be drawn from month to month all year. data except as noted
Year Jan. Feb. Mar. Apr. May June July
Industrial production (percentage as noted)
1987 -.6 1.2 .4 .4 .4 .9 .6
1988 .1 .3 .0 .6 .1 .1 .7
1989 .6 -.8 .9 .2 -.6 -.2 -1.0
1990 -.5 .5 .5 -.6 .4 .0 .0
1991 -.5 -.8 -.9 .3 .8 1.2 .1
1992 .2 .6 .7 .7 .2 -.1 .8
1993 .5 .5 .2 .4 -.5 .2 .2
1994 .2 .5 .7 .4 .7 .5 .3
1995 .5 -.3 .2 -.1 .3 .4 -.3
1996 -.2 1.3 -.2 1.2 .9 .7 .2
1997 .5 .7 .4 .6 .3 .5 .7
1998 .0 -.1 .4 .5 .4 -.9 -.1
Industrial production (index)
1987 90.2 91.2 91.6 92.0 92.4 93.2 93.7
1988 95.9 96.2 96.3 96.8 96.9 97.0 97.6
1989 99.8 99.0 100.0 100.2 99.6 99.4 98.4
1990 98.6 99.1 99.6 99.0 99.4 99.3 99.3
1991 96.7 95.9 95.0 95.4 96.1 97.2 97.3
1992 97.7 98.2 98.9 99.6 99.9 99.7 100.5
1993 102.3 102.7 102.9 103.3 102.7 103.0 103.2
1994 105.9 106.4 107.2 107.6 108.4 108.9 109.3
1995 113.4 113.4 113.6 113.4 113.8 114.3 113.9
1996 115.5 117.0 116.8 118.2 119.2 120.0 120.3
1997 123.0 123.9 124.4 125.1 125.5 126.1 127.0
1998 130.3 130.2 130.7 131.3 131.9 130.6 130.5
Capacity (index)
1987 114.0 114.1 114.2 114.3 114.4 114.5 114.6
1988 115.3 115.5 115.6 115.7 115.8 115.9 116.0
1989 116.8 117.0 117.2 117.4 117.6 117.8 118.0
1990 119.2 119.3 119.5 119.4 119.9 120.1 120.2
1991 121.4 121.6 121.7 121.9 122.1 122.2 122.4
1992 123.4 123.6 123.8 124.0 124.2 124.5 124.7
1993 125.9 126.2 126.4 126.6 126.9 127.1 127.4
1994 128.9 129.3 129.7 130.1 130.5 130.9 131.3
1995 133.9 134.5 135.1 135.7 136.4 137.0 137.6
1996 141.4 142.1 142.8 143.4 144.1 144.8 145.5
1997 149.4 150.1 150.7 151.3 152.0 152.6 153.2
1998 157.0 157.6 158.3 158.9 159.6 160.3 160.9
Utilization (level, percent)
1987 79.1 80.0 80.2 80.5 80.7 81.4 81.8
1988 83.2 83.4 83.3 83.7 83.7 83.7 84.1
1989 85.4 84.6 85.3 85.3 84.7 84.4 83.4
1990 82.7 83.0 83.3 82.7 82.9 82.7 82.6
1991 79.6 78.9 78.1 78.2 78.7 79.6 79.5
1992 79.2 79.5 79.9 80.3 80.4 80.1 80.6
1993 81.2 81.4 81.4 81.5 81.0 81.0 81.0
1994 82.1 82.3 82.6 82.7 83.1 83.2 83.2
1995 84.7 84.3 84.1 83.5 83.4 83.4 82.7
1996 81.7 82.4 81.8 82.4 82.7 82.9 82.7
1997 82.3 82.6 82.5 82.7 82.6 82.6 82.9
1998 83.0 82.6 82.6 82.6 82.6 81.5 81.1
Aug. Sept. Oct. Nov. Dec.
Industrial production (percentage change)
1987 .1 -.1 1.4 .3 .6
1988 .5 -.4 .3 .8 .5
1989 .4 -.2 -.5 .4 .5
1990 .2 .1 -.6 -1.3 -.6
1991 .1 1.0 -.1 -.1 -.6
1992 -.3 .4 .6 .5 .1
1993 -.4 1.0 .4 .5 .8
1994 .5 .2 .7 .8 1.1
1995 1.1 .3 .0 .2 .0
1996 .5 .1 .1 .6 .3
1997 .6 .5 .6 .5 .3
1998 1.4 -.4 .2 -.3 ...
Industrial production (index)
1987 93.8 93.7 95.0 95.3 95.9
1988 98.1 97.8 98.0 98.8 99.3
1989 98.8 98.6 98.2 98.6 99.0
1990 99.5 99.6 99.1 97.7 97.2
1991 97.4 98.4 98.3 98.1 97.5
1992 100.2 100.6 101.2 101.7 101.8
1993 102.8 103.9 104.3 104.8 105.7
1994 109.8 110.0 110.8 111.6 112.9
1995 115.1 115.4 115.5 115.7 115.8
1996 120.9 121.1 121.2 121.9 122.3
1997 127.8 128.5 129.3 129.9 130.3
1998 132.4 131.9 132.2 131.8 ...
Capacity (index)
1987 114.7 114.9 115.0 115.1 115.2
1988 116.2 116.3 116.4 116.5 116.7
1989 118.2 118.4 118.6 118.8 119.0
1990 120.4 120.6 120.8 121.0 121.2
1991 122.6 122.7 122.9 123.0 123.2
1992 124.9 125.1 125.3 125.5 125.7
1993 127.6 127.8 128.1 128.3 128.6
1994 131.7 132.1 132.6 133.0 133.4
1995 138.2 138.8 139.5 140.1 140.8
1996 146.1 146.8 147.4 148.1 148.8
1997 153.8 154.4 155.0 155.7 156.3
1998 161.5 162.2 162.8 163.5 ...
Utilization (level, percent)
1987 81.8 81.6 82.6 82.8 83.2
1988 84.5 84.1 84.2 84.8 85.1
1989 83.6 83.3 82.8 83.0 83.2
1990 82.6 82.6 82.0 80.8 80.2
1991 79.5 80.2 80.0 79.8 79.2
1992 80.2 80.4 80.8 81.0 81.0
1993 80.6 81.3 81.4 81.7 82.2
1994 83.4 83.3 83.5 83.9 84.6
1995 83.3 83.1 82.8 82.6 82.3
1996 82.8 82.5 82.2 82.3 82.2
1997 83.1 83.2 83.4 83.4 83.4
1998 82.0 81.3 81.2 80.6 ...
Quarter Annual
1 2 3 4 avg.(1)
Industrial production (percentage change)
1987 4.2 6.7 5.6 7.1 4.6
1988 3.2 3.1 3.9 3.6 4.5
1989 3.8 .5 -4.4 -.1 1.8
1990 2.0 .6 1.0 -5.8 -.2
1991 -8.3 1.5 6.2 1.1 -2.0
1992 1.3 6.1 2.7 4.6 3.1
1993 4.3 1.5 1.2 6.4 3.5
1994 6.1 7.1 5.2 7.6 5.4
1995 6.3 1.3 3.5 3.0 4.9
1996 2.8 9.6 5.5 3.5 4.5
1997 6.6 6.0 7.2 6.6 6.0
1998 1.6 2.8 .9 ... ...
Industrial production (index)
1987 91.0 92.5 93.8 95.4 93.2
1988 96.1 96.9 97.8 98.7 97.4
1989 99.6 99.7 98.6 98.6 99.1
1990 99.1 99.2 99.5 98.0 98.9
1991 95.9 96.2 97.7 98.0 97.0
1992 98.3 99.8 100.4 101.5 100.0
1993 102.6 103.0 103.3 104.9 103.5
1994 106.5 108.3 109.7 111.7 109.1
1995 113.5 113.8 114.8 115.7 114.4
1996 116.5 119.2 120.8 121.8 119.5
1997 123.7 125.6 127.8 129.8 126.8
1998 130.4 131.3 131.6 ... ...
Capacity (index)
1987 114.1 114.4 114.7 115.1 114.6
1988 115.5 115.8 116.2 116.5 116.0
1989 117.0 117.6 118.2 118.8 117.9
1990 119.3 119.9 120.4 121.0 120.2
1991 121.6 122.1 122.6 123.0 122.3
1992 123.6 124.2 124.9 125.5 124.5
1993 126.2 126.9 127.6 128.3 127.2
1994 129.3 130.5 131.7 133.0 131.1
1995 134.5 136.4 138.2 140.1 137.3
1996 142.1 144.1 146.1 148.1 145.1
1997 150.1 152.0 153.8 155.7 152.9
1998 157.6 159.6 161.5 ... ...
Utilization (level, present)
1987 79.8 80.8 81.7 82.9 81.3
1988 83.3 83.7 84.2 84.7 84.0
1989 85.1 84.8 83.4 83.0 84.1
1990 83.0 82.8 82.6 81.0 82.3
1991 78.9 78.8 79.7 79.6 79.3
1992 79.5 80.3 80.4 80.9 80.3
1993 81.3 81.2 81.0 81.8 81.3
1994 82.4 83.0 83.3 84.0 83.2
1995 84.3 83.5 83.1 82.6 83.4
1996 82.0 82.7 82.7 82.2 82.4
1997 82.5 82.6 83.1 83.4 82.9
1998 82.7 82.3 81.5 ... ...
Note: Monthly percentage change figures show change from the previous month; quarterly figures show the change from the previous quarter at a compound annual rate of growth. Production and capacity indexes are expressed as percentages of output in 1992. In this and subsequent tables, data for September September: see month. 1998 onward are subject to revision in future monthly G.17 statistical releases. (1.) Annual averages of industrial production are calculated from indexes that are not seasonally adjusted. A.2. Revised data for industrial production, capacity, and utilization for manufacturing industries, 1987-98 Seasonally adjusted data except as noted
Year Jan. Feb. Mar. Apr. May June
Industrial production (percentage change)
1987 -.8 1.6 .2 .5 .3 1.0
1988 -.2 .4 -.1 1.0 -.1 .0
1989 .9 -1.2 .8 .1 -.7 .0
1990 -.2 .9 .3 -.8 .4 -.1
1991 -.9 -.7 -1.1 .3 .7 1.4
1992 .3 .7 .8 .6 .4 .0
1993 .9 .2 .2 .6 -.4 .0
1994 .1 .6 .9 .7 .8 .2
1995 .6 -.2 .2 -.1 .1 .5
1996 -.3 1.3 -.3 1.4 1.0 .8
1997 .5 .9 .5 .6 .3 .7
1998 .1 -.1 .3 .6 .3 -1.2
Industrial production (index)
1987 89.6 91.0 91.2 91.6 91.9 92.8
1988 95.4 95.8 95.7 96.7 96.6 96.6
1989 100.3 99.1 99.9 100.0 99.4 99.4
1990 98.1 99.0 99.3 98.6 99.0 98.9
1991 95.8 95.1 94.1 94.4 95.0 96.3
1992 97.4 98.1 98.9 99.5 99.9 99.9
1993 102.6 102.8 103.0 103.6 103.2 103.2
1994 106.1 106.7 107.6 108.4 109.3 109.5
1995 115.0 114.8 115.1 115.0 115.1 115.7
1996 116.9 118.4 118.1 119.7 120.9 121.8
1997 125.3 126.4 127.0 127.7 128.1 129.0
1998 133.8 133.7 134.1 134.9 135.4 133.7
Capacity (index)
1987 113.2 113.4 113.6 113.8 113.9 114.1
1988 115.2 115.3 115.4 115.6 115.7 115.8
1989 117.0 117.3 117.5 117.8 118.0 118.3
1990 119.9 120.1 120.3 120.5 120.7 120.9
1991 122.4 122.6 122.8 123.0 123.1 123.3
1992 124.5 124.8 125.0 125.2 125.5 125.7
1993 127.4 127.6 127.9 128.2 128.4 128.7
1994 130.7 131.1 131.6 132.0 132.5 132.9
1995 136.3 137.0 137.7 138.4 139.1 139.8
1996 144.9 145.7 146.4 147.2 148.0 148.8
1997 154.1 154.8 155.5 156.2 157.0 157.8
1998 162.8 163.5 164.3 165.1 165.8 166.6
Utilization (level, percent)
1987 79.1 80.2 80.3 80.6 80.7 81.4
1988 82.9 83.1 82.9 83.7 83.5 83.4
1989 85.7 84.5 85.0 85.0 84.2 84.1
1990 81.8 82.5 82.6 81.8 82.0 81.8
1991 78.2 77.5 76.6 76.8 77.1 78.1
1992 78.2 78.6 79.1 79.4 79.6 79.5
1993 80.5 80.6 80.5 80.8 80.4 80.1
1994 81.2 81.4 81.8 82.2 82.5 82.4
1995 84.4 83.8 83.6 83.1 82.8 82.7
1996 80.7 81.3 80.6 81.3 81.7 81.9
1997 81.3 81.7 81.7 81.7 81.6 81.7
1998 82.2 81.8 81.6 81.7 81.6 80.2
Year July Aug. Sept. Oct. Nov. Dec.
Industrial production (percentage change)
1987 .7 -.2 .1 1.3 .5 .6
1988 .7 .3 .2 .2 .9 .6
1989 -1.1 .3 -.3 -.6 .4 .1
1990 .0 .3 -.1 -.6 -1.3 -.6
1991 .2 .2 1.1 -.1 -.2 -.5
1992 .7 -.2 .3 .5 .6 -.1
1993 .2 -.5 1.2 .4 .5 .9
1994 .5 .6 .3 .8 .9 1.1
1995 -.5 .9 .7 .1 .1 .1
1996 .5 .5 .2 .0 .7 .4
1997 .7 .8 .4 .6 .8 .3
1998 -.1 1.6 -.4 .6 .0 ...
Industrial production (index)
1987 93.4 93.3 93.4 94.6 95.1 95.6
1988 97.3 97.5 97.7 97.9 98.9 99.4
1989 98.3 98.7 98.4 97.8 98.2 98.3
1990 98.8 99.1 99.0 98.4 97.2 96.6
1991 96.6 96.8 97.8 97.8 97.6 97.1
1992 100.6 100.4 100.7 101.2 101.8 101.7
1993 103.4 102.9 104.1 104.5 105.1 106.0
1994 110.1 110.7 111.1 112.0 113.0 114.3
1995 115.1 116.2 117.0 117.1 117.2 117.3
1996 122.4 123.0 123.3 123.3 124.2 124.7
1997 129.8 130.8 131.4 132.2 133.3 133.7
1998 133.6 135.7 135.2 136.0 135.9 . . .
Capacity (index)
1987 114.2 114.4 114.6 114.7 114.9 115.0
1988 116.0 116.1 116.3 116.5 116.6 116.8
1989 118.5 118.7 119.0 119.2 119.5 119.7
1990 121.1 121.3 121.5 121.7 122.0 122.2
1991 123.5 123.7 123.8 124.0 124.2 124.3
1992 125.9 126.2 126.4 126.6 126.9 127.1
1993 129.0 129.3 129.5 129.8 130.1 130.3
1994 133.4 133.8 134.3 134.8 135.2 135.7
1995 140.5 141.2 141.9 142.6 143.4 144.2
1996 149.5 150.3 151.0 151.8 152.5 153.3
1997 158.4 159.1 159.9 160.6 161.3 162.1
1998 167.3 168.1 168.8 169.5 170.3 ...
Utilization (level, percent)
1987 81.8 81.5 81.5 82.5 82.8 83.1
1988 83.8 84.0 84.0 84.1 84.8 85.1
1989 83.0 83.1 82.7 82.1 82.2 82.1
1990 81.6 81.7 81.5 80.9 79.7 79.0
1991 78.2 78.2 79.0 78.9 78.6 78.1
1992 79.9 79.6 79.7 79.9 80.2 80.0
1993 80.1 79.6 80.4 80.5 80.8 81.4
1994 82.6 82.8 82.7 83.1 83.6 84.2
1995 81.9 82.3 82.4 82.1 81.7 81.3
1996 81.9 81.8 81.6 81.2 81.4 81.3
1997 81.9 82.2 82.2 82.3 82.6 82.5
1998 79.8 80.7 80.1 80.2 79.8 ...
Quarter
Annual
Year 1 2 3 4 avg.(1)
Industrial production (Percentage change)
1987 5.0 7.0 5.5 7.6 5.3
1988 2.3 4.1 3.7 5.2 4.7
1989 4.3 -.7 -4.5 -1.4 1.9
1990 2.9 -.1 .8 -6.3 -.5
1991 -9.7 1.2 7.8 1.7 -2.4
1992 2.7 6.8 3.4 4.0 4.0
1993 4.9 2.1 .5 6.9 3.7
1994 6.3 8.8 5.8 9.2 6.0
1995 6.7 1.1 2.9 3.8 5.4
1996 2.1 10.6 7.0 3.9 4.7
1997 7.2 6.6 7.7 7.5 6.8
1998 2.4 2.5 .4 ... ...
Industrial production (index)
1987 90.6 92.1 93.4 95.1 92.8
1988 95.6 96.6 97.5 98.7 97.1
1989 99.8 99.6 98.5 98.1 99.0
1990 98.8 98.8 99.0 97.4 98.5
1991 95.0 95.2 97.0 97.5 96.2
1992 98.1 99.7 100.6 101.6 100.0
1993 102.8 103.3 103.5 105.2 103.7
1994 106.8 109.1 110.7 113.1 109.9
1995 115.0 115.3 116.1 117.2 115.9
1996 117.8 120.8 122.9 124.1 121.4
1997 126.2 128.3 130.7 133.1 129.7
1998 133.8 134.7 134.8 ... ...
Capacity (index)
1987 113.4 113.9 114.4 114.9 114.1
1988 115.3 115.7 116.1 116.6 115.9
1989 117.3 118.0 118.7 119.5 118.4
1990 120.1 120.7 121.3 122.0 121.0
1991 122.6 123.1 123.7 124.2 123.4
1992 124.8 125.5 126.2 126.9 125.8
1993 127.6 128.4 129.3 130.1 128.8
1994 131.1 132.5 133.8 135.2 133.2
1995 137.0 139.1 141.2 143.4 140.2
1996 145.7 148.0 150.3 152.5 149.1
1997 154.8 157.0 159.1 161.3 158.1
1998 163.5 165.8 168.1 ... ...
Utilization (level, percent)
1987 79.9 80.9 81.6 82.8 81.3
1988 83.0 83.5 83.9 84.7 83.8
1989 85.1 84.4 82.9 82.1 83.6
1990 82.3 81.9 81.6 79.9 81.4
1991 77.5 77.3 78.5 78.5 77.9
1992 78.6 79.5 79.7 80.1 79.5
1993 80.5 80.4 80.0 80.9 80.5
1994 81.5 82.4 82.7 83.6 82.5
1995 83.9 82.9 82.2 81.7 82.7
1996 80.9 81.6 81.8 81.3 81.4
1997 81.6 81.7 82.1 82.5 82.0
1998 81.8 81.2 80.2 ... ...
Note: See general note to table A.1. (1.) Annual averages of industrial production are calculated from indexes that are not seasonally adjusted. A.3. Rates of growth in industrial production, by major market group, 1994-98
Revised growth rate
Market group (percent)
1994 1995 1996 1997 1998
Total index 6.5 3.5 5.3 6.6 1.8
Products, total 4.7 2.1 4.2 5.0 2.4
Final products 4.8 2.6 4.4 5.6 2.3
Consumer goods 4.3 1.3 2.2 2.7 -.5
Durable 6.5 .3 2.3 6.5 .9
Automotive products 5.4 -2.4 2.0 9.3 -6.5
Autos and trucks 5.2 -4.7 2.5 12.3 -14.0
Autos 5.8 -7.3 -3.8 3.4 -7.0
Trucks 3.0 1.3 8.1 15.7 -17.0
Auto parts and
allied goods 5.6 1.8 1.0 4.7 6.9
Other durable goods 7.4 2.5 2.6 4.3 7.0
Appliances and
electronics 14.4 9.0 8.9 11.8 17.5
Appliances and air
conditioning 2.7 -2.0 -.2 -.5 9.5
Home electronics 28.1 20.1 18.3 24.2 25.3
Carpeting and furniture 5.8 -3.0 3.0 2.4 3.1
Miscellaneous 3.5 1.1 -1.7 .9 3.0
Nondurable 3.7 1.6 2.2 1.7 -.9
Nonenergy 4.9 .9 2.1 1.7 -1.9
Foods and tobacco 6.6 -.3 1.4 1.3 -1.0
Clothing 4.1 -3.5 -.2 -2.0 -3.7
Chemical products 5.3 5.1 4.9 2.9 -1.9
Paper products -.5 2.1 1.9 3.8 -3.9
Energy products -4.2 6.3 2.3 1.6 6.5
Fuels -2.2 1.4 3.5 1.8 1.7
Utilities -5.1 8.6 1.8 1.5 8.9
Equipment, total 5.8 4.6 8.0 10.4 6.5
Business equipment 9.4 7.0 9.8 13.1 9.0
Information processing
and related 13.4 14.9 16.5 16.2 15.4
Computer and office 29.5 44.7 41.9 43.7 58.1
Industrial 10.0 8.5 1.2 5.2 3.0
Transit 1.5 -9.4 14.3 22.8 9.7
Autos and trucks 8.4 -6.0 -3.0 12.3 -8.3
Other 5.9 1.9 5.5 10.4 .9
Defense and space
equipment -6.7 -7.2 -1.0 -3.9 .5
Oil and gas well
drilling -6.7 2.4 7.6 9.4 -19.8
Manufactured homes 8.6 8.7 -.7 -.7 6.7
Intermediate products 4.3 .5 3.8 3.2 2.6
Construction supplies 7.2 -.3 5.9 2.4 4.8
Business supplies 2.5 1.1 2.4 3.8 1.3
Materials 9.3 5.7 6.9 9.0 .9
Durable 13.5 11.0 10.2 13.3 2.0
Consumer parts 10.3 3.6 1.2 7.3 -4.8
Equipment parts 21.4 26.3 22.7 26.4 10.0
Semiconductors,
printed circuit
boards, and other
electrical
components 53.2 65.4 49.4 53.3 20.7
Other 8.9 2.3 3.9 5.0 -2.1
Basic metals 6.9 1.6 3.9 4.3 -4.7
Nondurable 5.9 -2.5 3.6 4.5 -2.6
Textile 8.9 -7.2 2.7 3.2 -5.2
Paper 5.1 -2.8 4.3 4.7 -1.4
Chemical 5.7 -.8 5.1 5.0 -4.0
Other 5.6 -3.0 .5 3.8 .4
Energy 2.0 .6 .8 .3 1.9
Primary 3.3 .3 -.7 .2 1.9
Converted fuel -.3 1.1 3.6 .5 1.9
Special aggregates
Total excluding:
Computers and office
equipment 6.1 2.9 4.6 5.9 .7
Business equipment
excluding:
Computers and office
equipment 7.7 3.8 6.8 10.5 4.6
Difference between growth rates:
Market group revised less earlier
(percentage points)
1994 1995 1996 1997 1998
Total index .0 .3 1.1 .9 .8
Products, total .1 .3 .3 .3 1.3
Final products .2 .3 .4 .5 1.6
Consumer goods -.1 -.4 -.2 -.1 .4
Durable -.3 -.3 -1.1 .5 1.5
Automotive products -.6 -.4 .4 .6 -.8
Autos and trucks -1.0 -.5 .9 1.2 -1.0
Autos -.8 -.4 .0 -.3 -.3
Trucks -1.4 -.3 .2 -.2 -.2
Auto parts and .0 -.1 -.3 -.3 -.3
allied goods
Other durable goods -.1 -.3 -2.2 .4 3.6
Appliances and .9 .1 1.0 4.1 .4
electronics
Appliances and air -.6 -4.1 -2.1 .4 -1.4
conditioning
Home electronics 2.9 -4.7 3.0 5.2 1.0
Carpeting and furniture .3 -1.6 -2.4 -.1 2.3
Miscellaneous -.8 .0 -4.2 -1.9 5.2
Nondurable -.1 -.4 .1 -.3 .1
Nonenergy -.1 -.4 .2 -.3 -.1
Foods and tobacco -.2 -.7 -.4 -.3 -.4
Clothing -.2 1.9 3.9 -.6 .9
Chemical products .1 -.2 .2 -1.2 -.5
Paper products -.1 -1.6 -.5 1.0 1.2
Energy products -.1 .0 -.4 -.4 2.2
Fuels .1 .1 .2 .0 -1.5
Utilities -.1 -.2 -.8 -.4 4.1
Equipment, total .7 1.5 1.2 1.6 3.4
Business equipment .8 1.6 1.5 2.3 4.3
Information processing
and related -.1 1.9 4.7 4.0 6.2
Computer and office -.3 1.7 4.5 9.2 10.4
Industrial .1 .8 1.2 -.5 .1
Transit 4.1 3.3 -4.9 5.2 7.3
Autos and trucks 5.7 1.6 -2.9 3.8 .1
Other -.2 .1 .7 .9 3.3
Defense and space
equipment .9 1.5 .5 -1.3 -.2
Oil and gas well
drilling .3 .4 .6 .2 -2.0
Manufactured homes 1.0 2.0 .2 .5 -5.0
Intermediate products -.1 .0 .0 -.4 .4
Construction supplies .0 -.2 .1 .2 -1.3
Business supplies -.2 .2 .0 -.8 1.3
Materials -.3 .3 2.2 1.7 .1
Durable -.4 .6 3.5 2.1 .7
Consumer parts .2 1.3 1.1 .4 .0
Equipment parts -1.3 .5 7.8 4.8 1.7
Semiconductors,
printed circuit
boards, and other
electrical
components n.a. n.a. n.a. n.a. n.a.
Other -.1 .2 .8 .4 .0
Basic metals -.2 .2 1.3 -.4 -.7
Nondurable -.2 -.1 -.1 1.0 -.5
Textile -.2 .1 1.8 -.7 5
Paper -.1 1.1 1.4 1.5 -.3
Chemical -.4 -.6 -1.0 1.7 -1.5
Other -.2 -.2 -.1 .0 1.1
Energy -.1 -.2 .3 -.8 -.9
Primary .0 -.2 .3 -.2 -1.4
Converted fuel -.1 -.1 .6 -1.8 .0
Special aggregates
Total excluding:
Computers and office
equipment .0 .2 .9 .6 .5
Business equipment
excluding:
Computers and office
equipment .8 1.5 1.1 1.5 3.0
NOTE: Growth rates Growth Rates The compounded annualized rate of growth of a company's revenues, earnings, dividends, or other figures. Notes: Remember, historically high growth rates don't always mean a high rate of growth looking into the future. are calculated as the percentage change in the seasonally adjusted index from the fourth quarter of the previous year to the fourth quarter of the year specified spec·i·fy tr.v. spec·i·fied, spec·i·fy·ing, spec·i·fies 1. To state explicitly or in detail: specified the amount needed. 2. To include in a specification. 3. . For 1998, the growth rates are calculated from the fourth quarter of 1997 to the third quarter of 1998 and annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. .
A.4. Rates of growth in industrial production, by industry
group, 1994-98
Series SIC Revised growth
code(1) rate (percent)
1994 1995 1996
Total index ... 6.5 3.5 5.3
Manufacturing ... 7.5 3.6 5.9
Primary processing ... 6.5 -.3 4.1
Advanced processing ... 8.0 5.5 6.7
Durable manufacturing ... 9.9 6.9 8.6
Lumber and products 24 5.3 .8 1.8
Furniture and fixtures 25 5.6 -.8 4.7
Stone, clay, and glass products 32 5.2 2.7 6.3
Primary metals 33 8.7 -.2 4.6
Iron and steel 331,2 7.7 -.3 3.6
Raw steel 331pt 6.2 .7 -1.7
Nonferrous metals 333-6,9 10.1 -.1 5.9
Fabricated metal products 34 8.9 1.2 4.1
Industrial machinery and equipment 35 15.3 14.1 9.8
Computer and office equipment 357 30.8 41.6 42.9
Electrical machinery 36 25.4 25.9 22.2
Semiconductors and related
electronic components 3672-9 48.8 58.0 44.6
Transportation equipment 37 2.1 -4.2 4.9
Motor vehicles and parts 371 8.9 -.6 -1.4
Autos and light trucks 371pt 4.2 -5.1 1.9
Aerospace and miscellaneous
transportation equipment 372-6,9 -6.7 -9.7 15.3
Instruments 38 1.9 4.2 3.0
Miscellaneous manufactures 39 3.8 2.5 2.7
Nondurable manufacturing ... 4.8 -.3 2.6
Foods 20 2.3 .5 1.1
Tobacco products 21 43.6 -4.4 -.1
Textile mill products 22 5.9 -4.6 1.9
Apparel products 23 6.4 -3.6 -.9
Paper and product 26 4.5 -2.5 3.0
Printing and publishing 27 1.1 -.2 1.9
Chemicals and products 28 4.6 1.6 4.9
Petroleum products 29 -.8 .7 3.7
Rubber and plastics products 30 9.6 .2 4.0
Leather and products 31 -8.4 -5.6 1.3
Mining ... .8 -.9 2.0
Metal mining 10 -3.2 4.6 4.6
Coal mining 12 8.9 -1.4 4.3
Oil and gas extraction 13 -1.2 -1.4 1.0
Stone and earth minerals 14 6.7 -1.1 4.8
Utilities ... -.4 6.3 1.1
Electric 491,3(pt) 1.7 5.2 1.0
Gas 492.3(pt) -8.0 10.8 1.8
Special aggregates
Computers, communications equipment,
and semiconductors(2) ... 36.6 42.0 36.7
Manufacturing excluding computers,
communications equipment, and
semiconductors(2) ... 5.4 .5 3.0
Manufacturing excluding motor
vehicles and parts ... 7.4 3.9 6.4
Revised growth rate
(percent)
Series 1997 1998
Total index 6.6 1.8
Manufacturing 7.3 1.8
Primary processing 3.9 -.9
Advanced processing 8.8 3.0
Durable manufacturing 11.1 4.2
Lumber and products 3.1 3.7
Furniture and fixtures 3.3 1.4
Stone, clay, and glass products 2.6 2.5
Primary metals 4.9 -6.4
Iron and steel 5.0 -9.6
Raw steel 7.3 -2.6
Nonferrous metals 4.9 -2.5
Fabricated metal products 4.5 -.3
Industrial machinery and equipment 13.4 14.8
Computer and office equipment 43.6 55.9
Electrical machinery 24.2 9.2
Semiconductors and related
electronic components 48.6 18.0
Transportation equipment 13.1 -1.3
Motor vehicles and parts 12.8 -9.2
Autos and light trucks 10.9 -12.9
Aerospace and miscellaneous
transportation equipment 13.4 9.9
Instruments 3.6 1.3
Miscellaneous manufactures 1.4 -1.6
Nondurable manufacturing 2.6 -1.3
Foods 1.9 -.4
Tobacco products -.8 -5.3
Textile mill products 3.5 -1.6
Apparel products -2.0 -4.0
Paper and product 4.2 -.9
Printing and publishing 3.6 -2.2
Chemicals and products 3.1 -2.5
Petroleum products 2.0 3.0
Rubber and plastics products 4.3 2.3
Leather and products -8.7 -8.3
Mining 2.1 -2.7
Metal mining 4.4 -6.1
Coal mining 2.2 5.9
Oil and gas extraction 1.8 -5.1
Stone and earth minerals 3.4 2.3
Utilities 1.9 6.4
Electric 2.6 7.1
Gas -1.3 2.9
Special aggregates
Computers, communications equipment
and semiconductors(2) 38.5 25.1
Manufacturing excluding computers,
communications equipment, and
semiconductors(2) 4.3 -.5
Manufacturing excluding motor
vehicles and parts 6.9 2.5
Difference between growth
rates: revised less earlier
(percentage points)
Series 1994 1995 1996
Total index .0 .3 1.1
Manufacturing .0 .3 1.2
Primary processing -.1 .1 .6
Advanced processing .0 .4 1.5
Durable manufacturing .0 .8 2.1
Lumber and products .2 -.4 -1.0
Furniture and fixtures .3 -1.2 -2.6
Stone, clay, and glass products -.3 1.2 2.5
Primary metals -.2 .2 1.1
Iron and steel -.1 .6 1.3
Raw steel .0 .0 .0
Nonferrous metals -.3 -.3 .9
Fabricated metal products -.1 .0 .9
Industrial machinery and equipment .0 1.6 2.1
Computer and office equipment .4 3.7 6.4
Electrical machinery -1.8 .2 9.6
Semiconductors and related
electronic components -6.1 -1.3 19.1
Transportation equipment .8 1.0 -.6
Motor vehicles and parts 1.1 1.0 .0
Autos and light trucks -1.0 -.6 .9
Aerospace and miscellaneous
transportation equipment .4 1.1 -1.7
Instruments 1.3 2.3 -1.2
Miscellaneous manufactures -.2 -.7 -2.5
Nondurable manufacturing -.1 -.2 .1
Foods -.1 -1.1 -.6
Tobacco products .0 .8 -2.4
Textile mill products .0 .6 1.8
Apparel products -.2 .9 2.5
Paper and product -.2 .4 .7
Printing and publishing -.1 -.2 .3
Chemicals and products -.1 -.5 -.5
Petroleum products .1 .2 .4
Rubber and plastics products .0 .2 .7
Leather and products .5 5.4 5.3
Mining -.1 -.1 .4
Metal mining -.2 .1 1.2
Coal mining -.2 -1.3 1.8
Oil and gas extraction .1 .1 .1
Stone and earth minerals -.2 .0 -.5
Utilities -.1 -.1 -.3
Electric .0 -.1 .0
Gas -.3 .0 -1.3
Special aggregates
Computers, communications equipment
and semiconductors(2) -2.6 1.4 13.8
Manufacturing excluding computers,
communications equipment, and
semiconductors(2) .1 .3 .0
Manufacturing excluding motor
vehicles and parts -.1 .3 1.3
Difference between growth
rates: revised less earlier
(percentage points)
Series 1997 1998
Total index .9 .8
Manufacturing .9 1.0
Primary processing .4 -.3
Advanced processing 1.2 1.7
Durable manufacturing 1.6 1.8
Lumber and products 1.0 -1.1
Furniture and fixtures -.3 3.8
Stone, clay, and glass products -2.0 2.5
Primary metals -.7 -1.1
Iron and steel -.7 -1.1
Raw steel .0 .0
Nonferrous metals -.6 -.8
Fabricated metal products .7 .8
Industrial machinery and equipment 2.1 4.0
Computer and office equipment 7.2 5.6
Electrical machinery 5.7 1.6
Semiconductors and related
electronic components 8.8 .6
Transportation equipment .9 2.1
Motor vehicles and parts .9 .0
Autos and light trucks 1.3 -1.1
Aerospace and miscellaneous
transportation equipment .8 5.1
Instruments .3 .7
Miscellaneous manufactures -3.4 -.6
Nondurable manufacturing .0 -.1
Foods .0 .2
Tobacco products -2.7 -3.8
Textile mill products -.5 .8
Apparel products -.1 .1
Paper and product 1.1 -.6
Printing and publishing -.3 2.7
Chemicals and products .2 -1.2
Petroleum products -.2 -3.0
Rubber and plastics products .4 -.1
Leather and products -1.5 2.0
Mining .0 -2.5
Metal mining 1.7 .0
Coal mining -2.5 3.2
Oil and gas extraction -.1 -3.5
Stone and earth minerals 2.8 -7.7
Utilities -.5 1.9
Electric -.3 1.0
Gas -2.1 4.9
Special aggregates
Computers, communications equipment
and semiconductors(2) 7.9 4.8
Manufacturing excluding computers,
communications equipment, and
semiconductors(2) .1 .5
Manufacturing excluding motor
vehicles and parts 1.0 1.1
Note. Growth rates are calculated as the percentage change in the seasonally adjusted index from the fourth quarter of the previous year to the fourth quarter of the year specified. For 1998, the growth rates are calculated from the fourth quarter of 1997 to the third quarter of 1998 and annualized. Primary-processing manufacturing includes textile textile Any filament, fibre, or yarn that can be made into fabric or cloth, and the resulting material itself. The word originally referred only to woven fabrics but now includes knitted, bonded, felted, and tufted fabrics as well. mill products; paper and products; industrial chemicals, synthetic Synthetic A financial instrument that is created artificially by simulating another instrument with the combined features of a collection of other assets. Notes: materials, and fertilizers; petroleum products; rubber and plastics products; lumber lumber, term for timber that has been cut into boards for use as a building material. The major steps in producing lumber involve logging (the felling and preparation of timber for shipment to sawmills), sawing the logs into boards, grading the boards according to and products; primary metals; fabricated fab·ri·cate tr.v. fab·ri·cat·ed, fab·ri·cat·ing, fab·ri·cates 1. To make; create. 2. To construct by combining or assembling diverse, typically standardized parts: metals; and stone, clay clay, common name for a number of fine-grained, earthy materials that become plastic when wet. Chemically, clays are hydrous aluminum silicates, ordinarily containing impurities, e.g., potassium, sodium, calcium, magnesium, or iron, in small amounts. , 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. (1.) Standard Industrial Classification; see Executive Office of the President, Office of Management and Budget The Office of Management and Budget (OMB), formerly the Bureau of the Budget, is an agency of the federal government that evaluates, formulates, and coordinates management procedures and program objectives within and among departments and agencies of the Executive Branch. , Standard Industrial Classification Manual, 1987 (U.S. Government Printing Office, 1987). (2.) Semiconductors include related electronic components. (pt) Part of classification.
A.5. Rates of growth in capacity, by industry group, 1994-98
Revised growth
SIC rate
Industry group code(1) (percent)
1994
Total index ... 3.6
Manufacturing ... 4.0
Primary processing ... 2.4
Advanced processing ... 4.8
Durable manufacturing ... 5.8
Lumber and products 24 3.1
Furniture and fixtures 25 2.0
Stone, clay, and glass products 32 -.1
Primary metals 33 3.0
Iron and steel 331,2 2.8
Raw steel 331(pt) .9
Nonferrous metals 333-6,9 3.2
Fabricated metal products 34 3.0
Industrial machinery and equipment 35 9.2
Computer and office equipment 357 21.7
Electrical machinery 36 16.3
Semiconductors and related
electronic components 3672-9 31.6
Transportation equipment 37 2.7
Motor vehicles and parts 371 5.5
Autos and light trucks 371(pt) 3.7
Aerospace and miscellaneous
transportation equipment 372-6,9 -.6
Instruments 38 1.6
Miscellaneous manufactures 39 1.5
Nondurable manufacturing ... 1.9
Foods 20 1.7
Textile mill products 22 3.4
Apparel products 23 1.3
Paper and products 26 1.7
Printing and publishing 27 .6
Chemicals and products 28 2.5
Petroleum products 29 1.9
Rubber and plastics products 30 4.7
Leather and products 31 -1.5
Mining ... 9
Metal mining 10 -1.5
Coal mining 12 3.3
Oil and gas extraction 13 .3
Stone and earth minerals 14 2.4
Utilities ... 1.2
Electric 491,39(pt) 1.0
Gas 492,3(pt) .4
Special aggregates
Computers, communications equipment,
and semiconductors(3) ... 23.2
Manufacturing excluding computers,
communications equipment, and
semiconductors(3) ... 2.5
Revised growth rate
(percent)
Industry group 1995 1996 1997 1998(2)
Total index 5.4 5.7 5.1 5.0
Manufacturing 6.0 6.4 5.8 5.6
Primary processing 3.3 3.8 3.9 3.0
Advanced processing 7.4 7.4 6.4 6.6
Durable manufacturing 9.5 9.7 8.6 7.9
Lumber and products 3.0 3.9 4.2 2.9
Furniture and fixtures 2.5 5.9 5.1 1.9
Stone, clay, and glass products 5.7 4.9 2.9 .6
Primary metals 2.7 3.6 3.4 3.4
Iron and steel 1.9 5.0 3.9 5.1
Raw steel 3.1 2.8 5.8 6.8
Nonferrous metals 3.5 2.0 2.8 1.4
Fabricated metal products 5.2 5.5 6.5 4.3
Industrial machinery and 11.5 13.0 12.1 14.6
equipment
Computer and office equipment 34.7 46.1 43.2 59.4
Electrical machinery 28.8 30.3 23.6 18.4
Semiconductors and related
electronic components 58.7 56.6 46.7 33.4
Transportation equipment 4.3 2.5 2.0 2.1
Motor vehicles and parts 8.4 3.9 3.2 2.5
Autos and light trucks 4.5 -.5 .8 2.7
Aerospace and miscellaneous
transportation equipment -.4 .5 .2 1.4
Instruments 2.6 .1 1.3 2.4
Miscellaneous manufactures 1.7 1.9 1.9 1.9
Nondurable manufacturing 2.1 2.3 2.0 2.6
Foods 2.2 2.0 1.2 2.8
Textile mill products 2.0 2.2 4.6 .9
Apparel products 2.3 .7 1.8 -.7
Paper and products 2.4 2.9 2.4 3.0
Printing and publishing .7 .3 .1 3.1
Chemicals and products 2.8 3.5 2.7 2.5
Petroleum products -.2 .8 1.3 1.1
Rubber and plastics products 4.4 4.9 5.1 4.8
Leather and products 3.4 3.5 -3.3 -.4
Mining -.4 .4 1.5 .9
Metal mining .7 1.6 2.9 .8
Coal mining .6 1.7 1.7 1.7
Oil and gas extraction -1.0 -.2 1.0 .4
Stone and earth minerals 2.4 3.5 4.4 4.0
Utilities 1.7 1.9 .3 .7
Electric 2.2 1.9 -.1 .6
Gas .5 2.1 1.9 1.5
Special aggregates
Computers, communications equipment,
and semiconductors(3) 41.0 46.3 37.4 34.8
Manufacturing excluding computers,
communications equipment, and
semiconductors(3) 3.2 2.9 2.7 2.6
Difference between growth
rates: revised less earlier
Industry group (percentage points)
1994 1995 1996 1997
Total index -.1 .5 1.2 .4
Manufacturing -.1 .5 1.2 .5
Primary processing .1 .4 .5 .6
Advanced processing -.2 .6 1.5 .2
Durable manufacturing -.1 1.1 2.2 .6
Lumber and products .2 -.8 -.5 .2
Furniture and fixtures -.5 -1.4 .1 .2
Stone, clay, and glass products -.9 3.4 1.6 -.8
Primary metals .6 .2 .0 -.4
Iron and steel .0 .3 .7 .1
Raw steel .0 .0 .0 .0
Nonferrous metals 1.3 .0 -.8 .8
Fabricated metal products .4 1.3 .8 1.5
Industrial machinery and equipment .9 .7 1.7 .4
Computer and office equipment -.2 3.5 6.2 2.2
Electrical machinery -2.0 2.9 11.0 4.4
Semiconductors and related
electronic components -9.6 2.7 24.8 9.9
Transportation equipment -.5 .5 .1 -1.4
Motor vehicles and parts -1.5 .3 -.8 -1.4
Autos and light trucks -1.5 -1.4 -1.7 -1.5
Aerospace and miscellaneous
transportation equipment .5 .9 1.3 -1.6
Instruments 1.5 2.2 -.6 -.5
Miscellaneous manufactures -.4 -1.1 1.3 -1.4
Nondurable manufacturing -.1 -.2 -.1 -.2
Foods -.5 -.7 -.5 -1.2
Textile mill products -.3 -1.2 .1 2.7
Apparel products -.1 .1 .4 1.8
Paper and products .3 .1 .5 .6
Printing and publishing -.1 .0 -.6 -.7
Chemicals and products -.2 .0 -.1 -.6
Petroleum products .0 .0 .5 -.4
Rubber and plastics products .3 -.6 .5 .9
Leather and products .7 5.9 5.9 -.6
Mining -.1 .1 .2 .8
Metal mining .0 -.2 .9 2.2
Coal mining -.8 .9 .7 .0
Oil and gas extraction .0 .0 .1 .8
Stone and earth minerals .0 -.1 .2 .4
Utilities -.1 -.3 .4 -1.1
Electric .0 -.4 .3 -1.5
Gas .0 .0 .0 .0
Special aggregates
Computers, communications equipment,
and semiconductors.(3) -4.2 3.2 16.2 7.0
Manufacturing excluding computers,
communications equipment, and
semiconductors (3) .2 .3 .0 -.4
Difference between growth
rates: revised less
Industry group earlier (percentage points)
1998(2)
Total index .6
Manufacturing .7
Primary processing -.1
Advanced processing .9
Durable manufacturing .3
Lumber and products 1.4
Furniture and fixtures -.6
Stone, clay, and glass products -2.7
Primary metals -1.5
Iron and steel -.1
Raw steel 1.2
Nonferrous metals -3.1
Fabricated metal products -.3
Industrial machinery and equipment 4.1
Computer and office equipment 17.8
Electrical machinery .6
Semiconductors and related
electronic components -1.7
Transportation equipment -1.6
Motor vehicles and parts -1.8
Autos and light trucks .2
Aerospace and miscellaneous
transportation equipment -1.3
Instruments -.9
Miscellaneous manufactures -1.6
Nondurable manufacturing .8
Foods .9
Textile mill products -.1
Apparel products .0
Paper and products .9
Printing and publishing 2.2
Chemicals and products .2
Petroleum products -1.9
Rubber and plastics products 1.5
Leather and products 4.5
Mining -.1
Metal mining -.7
Coal mining .0
Oil and gas extraction -.1
Stone and earth minerals .5
Utilities -.2
Electric -.4
Gas -.1
Special aggregates
Computers, communications equipment,
and semiconductors(3) 5.2
Manufacturing excluding computers,
communications equipment, and
semiconductors(3) -.1
Note. See general note to table A.4. (1.) Standard Industrial Classification; see table A.4, note 1. (2.) Through the fourth quarter of 1998. (3.) Semiconductors include related electronic components. (pt) Part of classification.
A.6. Capacity utilization rates, by industry group, 1967-98
Revised rate
(percent of
capacity,
seasonally
adjusted)
Item SIC 1967-97 1988-89
code(1) avg. high
Total index ... 82.1 85.4
Manufacturing ... 81.1 85.7
Primary processing ... 82.3 88.9
Advanced processing ... 80.5 84.2
Durable manufacturing ... 79.4 84.6
Lumber and products 24 82.5 93.6
Furniture and fixtures 25 81.4 86.6
Stone, clay, and glass products 32 78.2 83.5
Primary metals 33 81.1 92.7
Iron and steel 331,2 81.1 95.2
Raw steel 331(pt) 80.9 92.7
Nonferrous metals 333-6,9 81.3 89.3
Fabricated metal products 34 78.0 82.0
Industrial machinery and equipment 35 81.3 85.4
Computer and office equipment 357 81.2 86.9
Electrical machinery 36 81.1 84.0
Semiconductors and related
electronic components 3672-9 80.0 81.1
Transportation equipment 37 75.9 85.8
Motor vehicles and parts 371 76.8 89.1
Autos and light trucks(2) 371(pt) ... 92.3
Aerospace and miscellaneous
transportation equipment 372-6,9 75.0 87.3
Instruments 38 81.7 81.4
Miscellaneous manufactures 39 75.6 79.0
Nondurable manufacturing ... 83.4 87.3
Foods 20 83.0 85.4
Textile mill products 22 85.7 90.4
Apparel products 23 81.1 85.1
Paper and products 26 89.2 93.5
Printing and publishing 27 85.8 91.7
Chemicals and products 28 79.5 86.2
Petroleum products 29 86.6 88.5
Rubber and plastics products 30 84.5 89.6
Leather and products 31 80.8 83.3
Mining ... 87.5 88.0
Metal mining 10 79.1 89.4
Coal mining 12 86.6 91.5
Oil and gas extraction 13 88.6 88.2
Stone and earth minerals 14 84.8 89.0
Utilities ... 87.3 92.6
Electric 491,3(pt) 89.2 95.0
Gas 492,3(pt) 82.4 85.0
Special aggregates
Computers, communications equipment,
and semiconductors(3) ... 80.3 81.9
Manufacturing excluding computers,
communications equipment, and
semiconductors(3) ... 81.2 86.1
Revised rate
(percent of capacity,
seasonally adjusted)
1990-91
Item Low 1996:Q4
Total index 78.1 82.2
Manufacturing 76.6 81.3
Primary processing 77.7 85.4
Advanced processing 76.1 79.6
Durable manufacturing 73.1 80.2
Lumber and products 75.5 82.1
Furniture and fixtures 72.5 79.2
Stone, clay, and glass products 69.7 80.9
Primary metals 73.7 90.7
Iron and steel 71.8 90.9
Raw steel 71.5 88.8
Nonferrous metals 74.2 90.5
Fabricated metal products 71.9 80.3
Industrial machinery and equipment 72.3 84.4
Computer and office equipment 66.9 83.3
Electrical machinery 75.0 81.3
Semiconductors and related
electronic components 75.6 82.7
Transportation equipment 68.5 72.2
Motor vehicles and parts 55.9 74.4
Autos and light trucks(2) 53.3 79.6
Aerospace and miscellaneous
transportation equipment 79.2 69.3
Instruments 77.2 79.1
Miscellaneous manufactures 71.7 80.1
Nondurable manufacturing 80.7 82.8
Foods 82.7 81.6
Textile mill products 77.7 85.5
Apparel products 75.5 79.1
Paper and products 85.0 87.8
Printing and publishing 79.6 82.1
Chemicals and products 79.3 79.5
Petroleum products 85.1 94.5
Rubber and plastics products 77.4 86.2
Leather and products 76.1 70.9
Mining 87.0 88.1
Metal mining 79.9 90.8
Coal mining 83.4 84.2
Oil and gas extraction 88.7 88.9
Stone and earth minerals 79.4 86.3
Utilities 83.4 89.4
Electric 87.1 90.8
Gas 67.1 83.7
Special aggregates
Computers, communications equipment,
and semiconductors(3) 72.4 81.4
Manufacturing excluding computers,
communications equipment, and
semiconductors(3) 76.8 81.3
Revised rate
(percent of capacity,
seasonally adjusted)
Item 1997:Q4 1998:Q3
Total index 83.4 81.5
Manufacturing 82.5 80.2
Primary processing 85.3 82.8
Advanced processing 81.4 79.3
Durable manufacturing 82.1 79.9
Lumber and products 81.3 81.7
Furniture and fixtures 77.9 77.6
Stone, clay, and glass products 80.7 81.7
Primary metals 92.0 85.4
Iron and steel 91.8 82.0
Raw steel 90.0 84.0
Nonferrous metals 92.3 89.6
Fabricated metal products 78.8 76.1
Industrial machinery and equipment 85.4 85.6
Computer and office equipment 83.5 82.5
Electrical machinery 81.7 76.6
Semiconductors and related
electronic components 83.8 76.0
Transportation equipment 80.0 78.0
Motor vehicles and parts 81.3 74.2
Autos and light trucks(2) 87.6 77.3
Aerospace and miscellaneous
transportation equipment 78.4 83.3
Instruments 80.8 80.2
Miscellaneous manufactures 79.7 77.6
Nondurable manufacturing 83.3 81.0
Foods 82.1 80.2
Textile mill products 84.7 83.0
Apparel products 76.2 74.2
Paper and products 89.3 86.8
Printing and publishing 85.1 81.9
Chemicals and products 79.8 76.8
Petroleum products 95.2 96.5
Rubber and plastics products 85.5 84.0
Leather and products 66.9 63.0
Mining 88.6 86.3
Metal mining 92.2 87.3
Coal mining 84.5 87.1
Oil and gas extraction 89.6 86.0
Stone and earth minerals 85.5 84.5
Utilities 90.8 94.6
Electric 93.2 97.7
Gas 81.1 81.9
Special aggregates
Computers, communications equipment,
and semiconductors(3) 82.0 77.4
Manufacturing excluding computers,
communications equipment, and
semiconductors(3) 82.6 80.7
Difference between rates:
revised less earlier
(percentage points)
Item 1996:Q4 1997:Q4 1998:Q3
Total index -.1 .2 .3
Manufacturing -.1 .3 .6
Primary processing -.5 -.7 -.9
Advanced processing .2 1.0 1.4
Durable manufacturing -.2 .5 1.4
Lumber and products -.6 .1 -1.4
Furniture and fixtures -1.8 -2.1 .4
Stone, clay, and glass products -.5 -1.4 1.7
Primary metals -.1 -.3 -.1
Iron and steel .7 .0 -.7
Raw steel .1 .1 -.6
Nonferrous metals -1.0 -.9 .7
Fabricated metal products -.3 -.8 -.1
Industrial machinery and equipment -.4 .9 1.0
Computer and office equipment .8 3.7 -1.0
Electrical machinery -.7 .2 .6
Semiconductors and related
electronic components -.6 -1.3 -.5
Transportation equipment .3 2.0 4.0
Motor vehicles and parts 2.3 4.2 4.7
Autos and light trucks(2) 3.0 5.5 4.1
Aerospace and miscellaneous
transportation equipment -2.2 -.7 3.0
Instruments -.4 .3 1.2
Miscellaneous manufactures .9 -.7 -.1
Nondurable manufacturing .2 .4 -.1
Foods .7 1.6 1.3
Textile mill products 3.0 .4 .9
Apparel products 2.2 .8 .8
Paper and products -.7 -.3 -1.2
Printing and publishing .7 1.0 1.5
Chemicals and products -.2 .4 -.4
Petroleum products .1 .3 -.5
Rubber and plastics products -1.7 -2.1 -3.0
Leather and products -.4 -1.0 -1.9
Mining -.2 -.9 -2.5
Metal mining .4 -.1 .2
Coal mining -2.0 -4.2 -2.3
Oil and gas extraction .2 -.6 -2.9
Stone and earth minerals -.5 1.5 -3.4
Utilities -.6 -.1 1.4
Electric -.1 1.0 2.0
Gas -1.6 -3.3 -.2
Special aggregates
Computers, communications equipment,
and semiconductors(3) .2 .7 .7
Manufacturing excluding computers, -.1
communications equipment, and
semiconductors(3) 80.7 .3 .6
Note. The "high" column refers to periods in which utilization generally peaked; the "low" column refers to recession years in which utilization generally bottomed out. The monthly highs and lows are specific to each series, and all did not in the same month. (1.) Standard Industrial Classification; see table A.4, note 1. (2.) Series begins in 1977. (3.) Semiconductors include related electronic components. (pt) Part of classification. A.7. Annual proportions in industrial production, by industry group, 1990-97
SIC
Item code(1) 1990 1991
Total index ... 100.0 100.0
Manufacturing ... 84.4 84.5
Primary processing ... 26.8 26.1
Advanced processing ... 57.6 58.4
Durable manufacturing ... 44.8 44.2
Lumber and products 24 1.8 1.8
Furniture and fixtures 25 1.4 1.3
Stone, clay, and glass products 32 2.2 2.1
Primary metals 33 3.3 3.1
Iron and steel 331,2 1.9 1.7
Raw steel 331(pt) .1 .1
Nonferrous metals 333-6,9 1.4 1.4
Fabricated metal products 34 5.1 4.9
Industrial machinery and equipment 35 8.3 7.9
Computer and office equipment 357 1.8 1.6
Electrical machinery 36 6.7 6.8
Semiconductors and related
electronic components 3672-9 2.2 2.3
Transportation equipment 37 9.7 9.6
Motor vehicles and parts 371 4.7 4.6
Autos and light trucks(2) 371(pt) 2.7 2.6
Aerospace and miscellaneous
transportation equipment 372-6,9 5.0 5.0
Instruments 38 5.1 5.4
Miscellaneous manufactures 39 1.3 1.3
Nondurable manufacturing ... 39.6 40.3
Foods 20 9.0 9.4
Tobacco products 21 1.5 1.6
Textile mill products 22 1.7 1.7
Apparel products 23 2.1 2.2
Paper and products 26 3.7 3.7
Printing and publishing 27 6.7 6.8
Chemicals and products 28 9.8 9.9
Petroleum products 29 1.6 1.5
Rubber and plastics products 30 3.2 3.3
Leather and products 31 .3 .3
Mining ... 7.9 7.5
Metal mining 10 .5 .5
Coal mining 12 1.2 1.1
Oil and gas extraction 13 5.6 5.3
Stone and earth minerals 14 .6 .6
Utilities ... 7.7 8.0
Electric 491,3(pt) 6.3 6.5
Gas 492,3(pt) 1.5 1.5
Special aggregates
Computers, communications equipment,
and semiconductors(2) ... 5.4 5.3
Manufacturing excluding computers,
communications equipment, and
semiconductors(2) ... 79.0 79.2
Item 1992 1993 1994
Total index 100.0 100.0 100.0
Manufacturing 85.4 85.9 86.7
Primary processing 26.6 27.0 28.2
Advanced processing 58.9 58.9 58.5
Durable manufacturing 44.9 45.6 46.3
Lumber and products 2.1 2.2 2.2
Furniture and fixtures 1.4 1.4 1.4
Stone, clay, and glass products 2.1 2.1 2.2
Primary metals 3.1 3.3 3.5
Iron and steel 1.8 1.9 2.0
Raw steel .1 .1 .1
Nonferrous metals 1.4 1.4 1.6
Fabricated metal products 5.0 5.1 5.2
Industrial machinery and equipment 7.8 8.1 8.4
Computer and office equipment 1.6 1.6 1.6
Electrical machinery 7.1 7.4 7.8
Semiconductors and related
electronic components 2.5 2.6 2.9
Transportation equipment 9.4 9.5 9.3
Motor vehicles and parts 4.7 5.1 5.4
Autos and light trucks(2) 2.5 2.6 2.8
Aerospace and miscellaneous
transportation equipment 4.7 4.4 3.8
Instruments 5.4 5.3 4.9
Miscellaneous manufactures 1.3 1.3 1.3
Nondurable manufacturing 40.6 40.3 40.4
Foods 9.6 9.6 9.3
Tobacco products 1.6 1.1 1.2
Textile mill products 1.8 1.8 1.8
Apparel products 2.2 2.1 2.1
Paper and products 3.5 3.4 3.8
Printing and publishing 6.8 6.8 6.6
Chemicals and products 10.0 9.9 10.0
Petroleum products 1.4 1.5 1.6
Rubber and plastics products 3.5 3.6 3.8
Leather and products .3 .3 .2
Mining 6.8 6.4 6.0
Metal mining .5 .4 .5
Coal mining 1.0 .9 .9
Oil and gas extraction 4.7 4.4 4.0
Stone and earth minerals .6 .6 .6
Utilities 7.8 7.7 7.4
Electric 6.2 6.1 5.8
Gas 1.6 1.6 1.5
Special aggregates
Computers, communications equipment,
and semiconductors(2) 5.7 5.8 6.2
Manufacturing excluding computers,
communications equipment, and
semiconductors(2) 79.8 80.1 80.4
Item 1995 1996 1997
Total index 100.0 100.0 100.0
Manufacturing 86.8 86.8 87.8
Primary processing 28.0 27.6 27.8
Advanced processing 58.8 59.2 60.0
Durable manufacturing 46.8 47.6 48.5
Lumber and products 2.1 2.1 2.1
Furniture and fixtures 1.4 1.4 1.4
Stone, clay, and glass products 2.2 2.3 2.4
Primary metals 3.5 3.5 3.6
Iron and steel 1.9 1.9 2.0
Raw steel .1 .1 .1
Nonferrous metals 1.6 1.6 1.6
Fabricated metal products 5.3 5.4 5.5
Industrial machinery and equipment 8.9 9.2 9.4
Computer and office equipment 1.7 1.8 1.9
Electrical machinery 8.3 8.6 8.8
Semiconductors and related
electronic components 3.4 3.6 3.7
Transportation equipment 8.9 8.8 9.2
Motor vehicles and parts 5.4 5.2 5.3
Autos and light trucks(2) 2.7 2.7 2.6
Aerospace and miscellaneous
transportation equipment 3.5 3.6 3.9
Instruments 4.8 4.9 4.8
Miscellaneous manufactures 1.3 1.4 1.4
Nondurable manufacturing 40.1 39.3 39.3
Foods 9.2 9.0 8.9
Tobacco products 1.3 1.3 1.3
Textile mill products 1.7 1.6 1.6
Apparel products 2.0 1.9 1.8
Paper and products 3.9 3.5 3.5
Printing and publishing 6.6 6.6 6.7
Chemicals and products 9.9 9.7 9.8
Petroleum products 1.5 1.6 1.6
Rubber and plastics products 3.7 3.7 3.8
Leather and products .2 .2 .2
Mining 6.1 6.5 5.9
Metal mining .5 .4 .4
Coal mining .9 .9 .9
Oil and gas extraction 4.1 4.6 4.1
Stone and earth minerals .6 .6 .6
Utilities 7.1 6.7 6.3
Electric 5.6 5.4 5.2
Gas 1.5 1.3 1.1
Special aggregates
Computers, communications equipment,
and semiconductors(2) 6.9 7.3 7.6
Manufacturing excluding computers,
communications equipment, and
semiconductors(2) 80.0 79.5 80.1
Note. The IP proportion data are estimates of the industries' relative contribution to overall IP growth in the following year. For example, a 1 percent increase in durable goods manufacturing in 1998 would account for a 0.485 percent increase in total IP. (1.) Standard Industrial Classification; see table A.4, note 1. (2.) Semiconductors include related electronic components. (pt) Part of classification.
A.8. Rates of growth in electric power use, 1994-98
Revised growth
rate (percent)
SIC
Item code(1) 1994 1995
Total ... 4.9 -.8
Manufacturing ... 5.1 -.9
Durable manufacturing ... 3.4 .5
Lumber and products 24 2.9 1.5
Furniture and fixtures 25 7.6 -3.6
Stone, clay, and glass products 32 2.1 .2
Primary metals 33 3.0 1.5
Fabricated metal products 34 5.5 .1
Industrial machinery and equipment 35 4.0 .4
Electrical machinery 36 2.4 1.5
Transportation equipment 37 4.1 -2.0
Instruments 38 1.7 .4
Miscellaneous manufacturers 39 11.1 -4.7
Nondurable manufacturing ... 6.5 -2.0
Foods 20 4.5 2.5
Tobacco products 21 -5.5 6.3
Textile mill products 22 6.0 -3.4
Apparel products 23 6.8 -6.4
Paper and products 26 2.7 -.6
Printing and publishing 27 4.2 .7
Chemicals and products 28 9.7 -6.5
Petroleum products 29 2.7 7.3
Rubber and plastics products 30 9.0 -.5
Leather and products 31 -3.5 -9.2
Mining ... 2.2 1.0
Metal mining 10 5.6 8.5
Coal mining 12 7.4 -1.3
Oil and gas extraction 13 -4.8 -4.9
Stone and earth minerals 14 7.5 5.7
Supplementary groups
Total, excluding nuclear nondefense ... 3.7 .6
Utilities sales to industry ... 5.3 -1.2
Industrial generation ... 1.3 4.8
Revised growth
rate (percent)
Item 1996 1997 1998
Total 1.5 1.0 -2.6
Manufacturing 1.4 1.1 -2.9
Durable manufacturing -.2 3.1 -1.0
Lumber and products 4.3 -.1 5.4
Furniture and fixtures 4.2 1.4 -1.4
Stone, clay, and glass products 3.4 .8 .6
Primary metals -3.8 4.0 -1.2
Fabricated metal products 3.7 3.1 -2.0
Industrial machinery and equipment 1.4 3.0 2.6
Electrical machinery 2.5 2.3 2.0
Transportation equipment -.3 5.2 -7.5
Instruments -2.8 .6 1.3
Miscellaneous manufacturers 6.9 .3 -3.8
Nondurable manufacturing 2.6 -.5 -4.4
Foods 1.7 2.2 -.2
Tobacco products -.2 .5 -5.0
Textile mill products 2.9 2.1 2.6
Apparel products -1.8 -2.0 -8.5
Paper and products .4 2.2 -4.0
Printing and publishing .8 3.0 -2.3
Chemicals and products 5.7 -4.2 -9.7
Petroleum products -3.3 2.5 -2.0
Rubber and plastics products 3.4 .6 3.7
Leather and products -1.4 -1.7 -8.0
Mining 2.8 -.4 1.8
Metal mining 2.5 .4 .0
Coal mining .0 -.6 8.1
Oil and gas extraction 4.4 1.0 -4.5
Stone and earth minerals 3.7 -4.2 10.5
Supplementary groups
Total, excluding nuclear nondefense .9 2.2 -1.5
Utilities sales to industry 1.9 1.0 -2.6
Industrial generation -5.7 .8 2.4
Difference between growth
rates: revised less
earlier (percentage
points)
Item 1994 1995 1996
Total .2 .3 .5
Manufacturing .2 .3 .5
Durable manufacturing .1 .4 .7
Lumber and products .0 -.6 -.8
Furniture and fixtures .4 -.3 -.1
Stone, clay, and glass products .6 .4 .4
Primary metals .0 1.4 2.3
Fabricated metal products .3 .4 .2
Industrial machinery and equipment .5 .5 -.2
Electrical machinery .2 -1.0 -1.1
Transportation equipment -.5 -.8 -.7
Instruments .8 .9 .6
Miscellaneous manufacturers -.2 -1.1 -1.4
Nondurable manufacturing .3 .2 .3
Foods 1.0 .9 .7
Tobacco products -.3 -1.2 -2.2
Textile mill products .6 -.2 .3
Apparel products .5 .4 .8
Paper and products -.1 -.1 .0
Printing and publishing .5 .0 .3
Chemicals and products .3 .2 .1
Petroleum products .0 1.1 1.2
Rubber and plastics products .3 -.3 -.2
Leather and products -.6 .8 -4.5
Mining .0 .0 .5
Metal mining -.2 -.2 -.1
Coal mining -.1 .0 .0
Oil and gas extraction .0 .0 1.4
Stone and earth minerals .2 .5 .2
Supplementary groups
Total, excluding nuclear nondefense .2 .3 .4
Utilities sales to industry .3 .4 .3
Industrial generation -.3 -.1 -.1
Difference between growth
rates: revised less earlier
(percentage points)
Item 1997 1998
Total -.1 .0
Manufacturing .0 .0
Durable manufacturing -.5 1.1
Lumber and products -1.4 -2.0
Furniture and fixtures -.2 .8
Stone, clay, and glass products -.2 .9
Primary metals -.7 .6
Fabricated metal products -.2 .4
Industrial machinery and equipment -.1 1.2
Electrical machinery -.8 5.1
Transportation equipment -.4 1.1
Instruments -.3 -.6
Miscellaneous manufacturers -.7 .7
Nondurable manufacturing .3 -.9
Foods .5 -.7
Tobacco products -2.3 3.2
Textile mill products -1.0 -.9
Apparel products .5 .3
Paper and products 1.3 .1
Printing and publishing -.4 .8
Chemicals and products -.1 -2.2
Petroleum products 2.0 1.2
Rubber and plastics products -.4 -.1
Leather and products -.6 1.4
Mining -1.2 .6
Metal mining -.1 -1.6
Coal mining .3 1.0
Oil and gas extraction -.8 -1.0
Stone and earth minerals -5.8 7.3
Supplementary groups
Total, excluding nuclear nondefense -.1 .2
Utilities sales to industry .1 .4
Industrial generation .4 .4
Note. Growth rates are calculated as the percentage change in the seasonally adjusted index from the fourth quarter of the previous year to the fourth quarter of the year specified. For 1998, the growth rates are calculated from the fourth quarter of 1997 to the third quarter of 1998 and annualized. (1.) Standard Industrial Classification; see table A.4, note 1. Charles Gilbert and Richard Raddock, of the Board's Division of Research and Statistics, prepared this article. Robert Robert, Henry Martyn 1837-1923. American army engineer and parliamentary authority. He designed the defenses for Washington, D.C., during the Civil War and later wrote Robert's Rules of Order (1876). Noun 1. Ritterbeck provided research assistance. |
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