Industrial Production and Capacity Utilization: The 2000 Annual Revision.In late 2000, the 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. published the annual 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. of its index of industrial production (IP) and 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. 2000 (chart 1). The updated measures reflect the incorporation of newly available, more comprehensive source data, the introduction of new production series, and changes in methods. For this revision, two new years (1997 and 1998) of comprehensive data on manufacturing output became available; otherwise, the updating of the data was 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. . [Graph graph, figure that shows relationships between quantities. The graph of a function y=f (x) is the set of points with coordinates [x, f (x)] in the xy-plane, when x and y are numbers. omitted] 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 data, total industrial output has increased, on average, 5.1 percent per year since 1995, and industrial capacity has expanded 5.4 percent per year. These revised rates of increase are more rapid than previously reported (table 1). The rate of industrial capacity utilization--the ratio of production to capacity--was little changed by the revision for the third quarter of 2000 but was revised up 0.6 percentage point, to 81.6 percent, for the fourth quarter of 1999.
1. Revised growth rates of industrial production and capacity and the
revised rate of capacity utilization, 1996-2000
Revised growth rate
(percent)
Item
1999 1996-
pro- 2000 1996 1997
portion avg.
Production
Total industry 1000.0 5.1 56.0 7.2
Manufacturing 88.4 5.6 63.0 8.0
Excluding selected high-
tech industries 80.6 2.3 3.2 5.4
Selected high-tech industries 7.8 42.0 41.0 35.7
Mining and utilities 11.6 1.2 14.0 1.9
Capacity
Total industry 100.0 5.4 54.0 5.9
Manufacturing 90.0 6.0 61.0 6.5
Excluding selected high-
tech industries 81.1 2.8 2.7 3.6
Selected high-tech industries 8.9 42.0 44.2 40.3
Mining and utilities 10.0 .9 .8 1.3
Capacity utilization
(percent, end of period)
Total industry 100.0 82.1 82.8 83.8
Manufacturing 90.0 81.3 81.9 83.0
Excluding selected high-
tech industries 81.1 81.2 81.8 83.3
Selected high-tech industries 8.9 81.7 83.2 80.5
Mining and utilities 10.0 88.7 89.5 90.1
Revised growth rate
(percent)
Item
1998 1999 2000
Production
Total industry 3.2 5.1 4.2
Manufacturing 4.0 5.6 4.1
Excluding selected high-
tech industries 1.2 2.3 .7
Selected high-tech industries 37.2 40.6 55.6
Mining and utilities -3.2 1.1 4.5
Capacity
Total industry 6.5 4.6 4.6
Manufacturing 7.2 5.1 5.0
Excluding selected high-
tech industries 4.4 2.1 1.3
Selected high-tech industries 39.5 37.8 48.0
Mining and utilities .5 .7 1.2
Capacity utilization
(percent, end of period)
Total industry 81.2 81.6 81.3
Manufacturing 80.5 80.9 80.2
Excluding selected high-
tech industries 80.7 80.9 79.3
Selected high-tech industries 79.2 80.8 85.0
Mining and utilities 86.8 87.1 89.9
Difference between revised
and previous
(percentage points)
Item
1996-
2000 1996 1997 1998
avg.
Production
Total industry .4 .3 .5 .3
Manufacturing .4 .3 .5 .3
Excluding selected high-
tech industries .6 .2 .8 1.2
Selected high-tech industries -.5 1.9 -.9 -6.7
Mining and utilities .2 .0 -.1 .0
Capacity
Total industry .4 -.1 .5 .3
Manufacturing .4 -.1 .5 .2
Excluding selected high-
tech industries .7 .1 .5 1.4
Selected high-tech industries .7 -1.4 2.4 -8.7
Mining and utilities .2 -.5 .5 -.2
Capacity utilization
(percent, end of period)
Total industry .2 .2 .2 .2
Manufacturing .3 .2 .3 .3
Excluding selected high-
tech industries .2 .1 .3 .2
Selected high-tech industries -.2 .6 -1.4 -.3
Mining and utilities .4 .7 .1 .3
Difference between revised
and previous
(percentage points)
Item
1999 2000
Production
Total industry .9 -.1
Manufacturing .8 .0
Excluding selected high-
tech industries 1.0 .5
Selected high-tech industries 3.2 3.4
Mining and utilities 1.3 -.6
Capacity
Total industry .4 .8
Manufacturing .4 .8
Excluding selected high-
tech industries .8 .8
Selected high-tech industries 2.1 9.0
Mining and utilities .2 10.0
Capacity utilization
(percent, end of period)
Total industry .6 .1
Manufacturing .6 .2
Excluding selected high-
tech industries .3 .2
Selected high-tech industries .3 -1.0
Mining and utilities 1.2 .0
NOTE. The 1996-2000 average growth rates are calculated as the average
annual percentage change in the seasonally adjusted index from the
fourth quarter of 1995 to the fourth quarter of 2000. Growth rates for
years are calculated from the fourth quarter of the previous year to
the fourth quarter of the year specified. The capacity utilization
rates for years are for the last quarter of the year.
The difference between revised and previous growth rates for 1996-2000
and for the year 2000 are calculated from annualized growth rates
through the third quarter of 2000. The difference between revised and
previous utilization rates for 2000 use the third quarter of the year.
For the definition of high-tech industries, see text note 1.
The overall picture of the industrial sector in recent years is unchanged by the revision. An exceptionally strong expansion of output in 1997 was followed by a notably weaker performance in 1998: The aftershocks stemming stemming - stemmer from economic turmoil in Asia--weak export demand and heightened import competition--sharply slowed the rise in manufacturing IP excluding selected high-technology industries.(1) Manufacturing IP picked up broadly in 1999, and production in the high-tech high-tech also hi-tech adj. Informal Of, relating to, or resembling high technology. high-tech Adjective same as hi-tech Adj. 1. sector accelerated further in the first half of 2000. But output outside the high-tech industries stagnated in 2000, a reflection of renewed re·new v. re·newed, re·new·ing, re·news v.tr. 1. To make new or as if new again; restore: renewed the antique chair. 2. competition from abroad and some slackening in domestic demand; in the fourth quarter, total industrial production fell at an annual rate of about 1 percent. (Summary data as of January 17, 2001, 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.) 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. in manufacturing rose during 1997 and reached 83 percent in the fourth quarter of the year. After that, the rate fell, on balance, and was at 80.2 percent during the fourth quarter of 2000. Within manufacturing, utilization in the advanced-processing industries (which the revision 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. to exclude semiconductors, related electronic components, and motor vehicle parts) declined, for the most part, over that period. By contrast, the operating rate Operating rate The percentage of total production capacity of a company, industry, or country that is being used. operating rate The portion of capacity at which a business operates. for primary processors, after having fallen in 1998, increased noticeably no·tice·a·ble adj. 1. Evident; observable: noticeable changes in temperature; a noticeable lack of friendliness. 2. Worthy of notice; significant. throughout 1999 and into 2000; the rate rose above 86 percent in the second quarter of 2000 for the first time since 1995 (chart 2). Since mid- mid- pref. Middle: midbrain. 2000, however, the primary-processing utilization rate has declined more than 5 percentage points; the drop reflects cutbacks in the output of the metals, 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. , paper, and 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 industries, as well as an easing in the pace of production of semiconductors and related components. [Graph Omitted] After having fallen sharply between the fourth quarters of 1997 and 1998, utilization rates in mining and utilities reached 89.9 percent in the fourth quarter of 2000, a rise of more than 3 percentage points. Operating rates for energy producers were at elevated levels at the end of last year: Capacity at utilities expanded at a faster pace in 1999 and 2000 than it did earlier in the 1990s, but on balance, production advanced more rapidly than capacity during the 1990s and surged with an increase in demand beginning in the middle of 2000. SUMMARY OF THE REVISION The statistical revisions to the IP index 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 inclusion of information contained in annual reports issued by the U.S. 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 : the 1997 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. of Manufactures, the 1998 Annual Survey of Manufactures, and selected 1999 Current Industrial Reports. Revised annual data from the U.S. Geological Survey The term geological survey can be used to describe both the conduct of a survey for geological purposes and an institution holding geological information. A geological survey (USGS USGS United States Geological Survey (US Department of the Interior) ) on minerals (except fuels) for 1998 and new data for 1999 were also introduced. The capacity indexes and capacity utilization rates 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. now incorporate the preliminary results from the Census Bureau's 1999 Survey of Plant Capacity, which covers manufacturing; the survey provided data for the fourth quarter of the year. The revised measures also include newly available 1999 data on industrial capacity, expressed in physical units, from the USGS, the Department of Energy (DOE), and other organizations. New production measures were introduced for individual series in four industries: communications equipment, computer and office equipment, drugs and medicines, and bearings. Production for the new series was measured using detailed information on the major products of these industries. The revision also incorporated improved source data for three existing production series: electricity generation, electrical housewares house·wares pl.n. Cooking utensils, dishes, and other small articles used in a household, especially in the kitchen. , and truck trailers. Beginning with this revision, the weights used to calculate the production and capacity aggregates change every month rather than once a year. The introduction of the refined aggregation method, which began with data for 1992, had a small effect on the intra-yearly changes in monthly IP. Tables A.3 and A.4 show the revised rates of growth of industrial production by market group and by industry group for 1996 through 2000; tables A.5 and A.6 show the revised figures for capacity and capacity utilization. For production and capacity, the tables also show the difference between the revised and earlier 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. ; for capacity utilization, the difference between revised and previous rates for the final quarter of the year are shown. For most manufacturing industries manufacturing industries npl → industrias fpl manufactureras manufacturing industries npl → industries fpl de transformation , the annual reports from the Census Bureau 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. faster increases in output in 1997 and 1998 than had previously been reported. Output also rose more rapidly in 1999 because of upwardly revised monthly source data. The textile mill products industry and the industrial machinery and equipment industry, which includes computers, are the only major industry groups whose production in the third quarter of 2000 was lower than shown previously. Within the industrial machinery and equipment group, the output of the computer industry was lowered noticeably in 1998 because the new Census data were included. The introduction of a new series that measures the production of pharmaceuticals boosted the production estimates for the chemical industry during 1999. The output of the electrical machinery group, which includes the communications equipment industry, was revised upward for most years, in part because of the introduction of a new series that explicitly ex·plic·it adj. 1. a. Fully and clearly expressed; leaving nothing implied. b. Fully and clearly defined or formulated: "generalizations that are powerful, precise, and explicit" measures the equipment used for local-area computer networks. According to indicators from the Survey of Plant Capacity, the factory operating rate was higher in the fourth quarter of 1999 than previously estimated. Using the revised production indexes and new information on manufacturing capital spending capital spending Spending for long-term assets such as factories, equipment, machinery, and buildings that permits the production of more goods and services in future years. , we estimate that manufacturing capacity increased 5.1 percent in 1999 and 5 percent in 2000. The previous estimates had reported that it had slowed in 2000, to a rate 1/2 percentage point less than its rate in 1999. The revision modified the definitions of advanced-processing and primary-processing industries to reflect more accurately the distinction between industries that produce final products and those that produce goods for further processing. Specifically, the measures for production, capacity, and capacity utilization in primary processing now include the series for semiconductors and related electronic components (Standard Industrial Classification [SIC] 3672-9) and for motor vehicle parts (SIC 3714); previously, these industries were included in the measures for advanced-processing industries.(2) The new utilization rate for primary-processing industries averaged 82.2 percent between 1967 and 2000, and the rate for advanced-processing industries averaged 80.6 percent. These 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. averages are about the same as those for the previously published measures. In more recent years, however, capacity utilization rates for the modified aggregates differ noticeably from the previously reported measures: The operating rate for advanced-processing industries in the third quarter of 2000 was 80.1 percent, a level below the long-term average and lower than the previously published rate based on the old definition. For the same period, the operating rate for primary-processing industries was 85.4 percent, a level above the long-term average and higher than previously reported. TECHNICAL ASPECTS OF THE REVISION As discussed earlier, the annual revision incorporated more-up-to-date results from the 1997 Census of Manufactures, the 1998 Annual Survey of Manufactures, the 1999 Survey of Plant Capacity, and other annual industry reports on production in 1999 and on capacity in 1999 and 2000. The 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 production and capacity indexes to total industry or other groups were also updated, along with the seasonal factors and source data used to compile To translate a program written in a high-level programming language into machine language. See compiler. the monthly production indexes (see box "Data Availability Refers to the degree to which data can be instantly accessed. The term is mostly associated with service levels that are set up either by the internal IT organization or that may be guaranteed by a third party datacenter or storage provider. and Publication Changes"). Data Availability and Publication Changes Files containing the revised data and the text and tables from the G.17 statistical release "Industrial Production and Capacity Utilization" are available on the Board's web site (www.federalreserve.gov/releases/g17) and on diskettes from Publications Services (telephone 202-452-3245). Further information on these revisions is available from the Board's Industrial Output Section (telephone 202-452-3197). 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. Beginning with data for January 2001, the tables in the monthly statistical release on industrial production and capacity utilization have been redesigned. The data as previously shown are still available on the Board's web site. For further information, or comments, contact the Board's Industrial Output Section (telephone 202-452-3197) or e-mail Charles Gilbert (cgilbert@frb.gov). The Census Bureau reported its 1998 data on industry output according to the new North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. Industrial Classification System, or NAICS NAICS North American Industry Classification System . The Census reported data for 1997 both on the new NAICS and on the old, 1987 SIC system. Before being included in the IP index, the manufacturing data for 1998 were recategorized by the Federal Reserve according to the SIC system. The Census Bureau provided the Federal Reserve with industry utilization rates on the SIC system from the Survey of Plant Capacity.(3) MEASUREMENT OF PRODUCTION Individual IP series are derived from (1) annual indexes of industry output that are calculated using comprehensive information sources and (2) production indicators that are available for inclusion in the monthly index within the regular four-month reporting window. The annual index determines the trend for a series from one year to the next, and the production 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. determines the monthly changes for a series within each year. Each series is 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. , and the contribution of the change in an IP series for an industry to the monthly change in the overall IP index is based on the 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. by that industry. The annual indexes for individual IP series are derived from detailed industry data. For each four-digit SIC industry in manufacturing, an annual chain-type measure of the real gross output of an industry is compiled. The value of the production is represented by Census data on the industry's value added plus its cost of materials; the real output measure is obtained by deflating the value of production by an annually weighted chain-type price index compiled from detailed information on the composition of the industry's products. Most of these price indexes are obtained from the Bureau of Economic Analysis (BEA BEA - Basic programming Environment for interactive-graphical Applications, from Siemens-Nixdorf. ). Because an individual IP series may represent a combination of several four-digit SIC industries, the annual indexes for many manufacturing IP series are constructed from a number of industry gross output measures; for these indexes, the contribution of each component industry to the annual index is based on the value added by that industry. For many IP series, the production indicators are compiled from monthly (or quarterly) product data. The indicator may measure the output of a product in physical terms (for example, tons (Transparent Optical Networking Services) A marketing term for providing dark fiber to a customer. The customer is responsible for generating the transmission signal and interpreting it at the other end. See dark fiber. of portland cement portland cement Binding agent of present-day concrete. It is a finely ground powder made by burning and grinding a limestone mixed with clay or shale. Its inventor, Joseph Aspdin (1799–1855), patented the process in 1824, naming the material for its resemblance to the or barrels of distillate dis·til·late n. A liquid condensed from vapor in distillation. distillate a product of distillation. fuel oil); or the indicator may be data on the output of several types of a product (for example, unit counts of assemblies of crawlers, wheel loaders, skid steer steer castrated male cattle beast over a year of age. See also bullock, buller steer. steer bulling see bulling. steer Medtalk verb loaders, and the like), combined with fixed weights. Alternatively, for selected series, the indicator is a chain-type quantity index that is compiled each month (or quarter) using very detailed data on the prices and quantities of specific products produced by an industry. This method is used for the monthly IP indexes for semiconductors, computers, autos, light trucks, and with this revision, pharmaceuticals and a component of communications equipment.(4) For non-energy mining, most annual and monthly indexes are developed from product data issued by the USGS; the IP series on fuels and electric and gas utilities are developed from comprehensive monthly and annual data from the DOE. For most IP series in these groups, the monthly data are measures of a product in physical terms, such as barrels of motor gasoline gasoline or petrol, light, volatile mixture of hydrocarbons for use in the internal-combustion engine and as an organic solvent, obtained primarily by fractional distillation and "cracking" of petroleum, but also obtained from natural gas, by ; for other series, the indicator is more complex. For example, coal production is measured using the 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. output of four geographic geographic /geo·graph·ic/ (je?o-graf´ik) in pathology, of or referring to a pattern that is well demarcated, resembling outlines on a map. geographic pertaining to geography. regions, weighted by the Btu content of the variety mined in each region.(5) When high-frequency data on the physical quantity of production are not available, the Federal Reserve uses monthly data on the inputs to production, either the 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. (BLS See Bureau of Labor Statistics. ) monthly data on production-worker hours or the Federal Reserve's monthly data on electric power use, as the production indicator. The production indicator is combined with a productivity trend calculated from the annual output index to obtain the monthly IP index. With the changes introduced in this revision, the proportion of the IP index that is measured using product data that are available for inclusion in the monthly index within the regular four-month reporting window has increased by 3 percentage points, to 46 percent in value-added terms in 1999.(6) Complete information on the sources used to compile the production indicator for each individual IP index can be found on the Board's web site.(7) CHANGES TO INDIVIDUAL PRODUCTION SERIES The revision introduced improved production indicators for several industries. The production measure for telephone and telegraph telegraph, term originally applied to any device or system for distant communication by means of visible or audible signals, now commonly restricted to electrically operated devices. Attempts at long-distance communication date back thousands of years (see signaling). apparatus apparatus /ap·pa·ra·tus/ (ap?ah-ra´tus) pl. appara´tus, apparatuses a number of parts acting together to perform a special function. branchial apparatus pharyngeal a. (SIC 3661) was revised as an aggregate of two components: a series for routers, switches, and hubs--equipment used for local-area computer networks (LANs)--and a series for all other telephone and telegraph apparatus. Production of LAN (Local Area Network) A communications network that serves users within a confined geographical area. The "clients" are the user's workstations typically running Windows, although Mac and Linux clients are also used. equipment is measured as a chain-type index calculated from detailed quarterly data; see box "Technical Note on the Measurement of LAN Equipment" for an explanation of how the series was derived. The monthly production indicator for the other component of telephone and telegraph apparatus is production-worker hours.
Technical Note on the Measurement of LAN Equipment
Equipment for local-area computer networks (LANs) consists
of routers, switches, and hubs. These devices direct
traffic among computers and make possible e-mail transmission,
Internet browsing, and file sharing. Like many high-technology
products, LAN devices have become faster and
more sophisticated in recent years. For instance, in 1995,
Ethernet switches operating at 10 megabits per second
dominated the market; last year, the two most popular
switches operated at rates of 100 megabits and 1,000 megabits
per second.
Statistical information on LAN equipment is available
from the Census Bureau's Current Industrial Reports and
from reports issued by Dataquest, a private company. The
new IP index for LAN equipment production is compiled
from these sources and from research conducted at the
Federal Reserve by Mark Doms and Christopher Forman,
who developed annual quality-adjusted price indexes for
routers and switches using hedonic techniques.(1)
Price Indexes for Routers, Switches,
and Total LAN Equipment
Hedonic methods are a tool used to develop price indexes
for goods whose characteristics change rapidly.(2) Traditional
methods (the calculation of matched-model price indexes)
may be used to measure price change for a high-technology
good, but highly detailed information on distinct varieties
of the good are needed to capture quality change.(3) For
routers and switches, such data are not available; therefore,
price indexes have been produced using hedonic
techniques.
Because Cisco is the dominant firm in the router market,
the data used in the hedonic regressions for routers came
from Cisco product catalogs from 1995 to 1999. More than
400 observations were used, and the regressions controlled
for about twenty characteristics. Separate models for four
classes of routers were estimated; the four price indexes
were aggregated using annual revenue data to obtain an
annually weighted chain-type price index for all routers.
Router prices are estimated to have fallen at an average
annual rate of almost 14 percent since 1995 (table A).
However, the price changes for each router class exhibited
substantial variation that reflected, in part, the degree of
actual or potential competition in the four markets.(4)
A. Average annual price change, by router type, 1995-99
Router type Price change
All routers -13.6
Personal (inexpensive) -24.7
Branch -19.4
Midrange 3.2
High-end (expensive) -16.1
SOURCE. See note 1.
A similar exercise was conducted for switches. The data
for the hedonic regressions came from Datapro, a private
source that produces regular reports evaluating the performance
of different varieties of these devices. More than
370 observations from 1996 to 2000 were used. The results
show that prices for switches have fallen at an average
annual rate of nearly 21 percent during this period. The
Doms-Forman price indexes for routers and switches were
combined with price measures for hubs developed from
Dataquest data to obtain an annually weighted chain-type
price index for total LAN equipment. The index shows that,
between 1995 and 1999, prices for LAN equipment have
fallen an average of 18 percent per year.
Production of LAN Equipment
Estimates of the annual value of U.S.-produced routers,
switches, and hubs were developed from 1992 on. The
estimates for the total value of LAN equipment were
obtained principally from the Census data, which are annual
and cover activity in the United States. The Dataquest data,
which are available annually from 1993 and cover activity
in world markets, contain statistics on the three types of
LAN equipment. These data were used in conjunction with
the aggregate Census data to develop separate annual figures
from 1992 on for routers, switches, and hubs.
The value of the production of LAN equipment increased
rapidly in the 1990s, although the pace has moderated in
recent years (chart A). The value of U.S.-produced LAN
equipment rose at an annual rate of 37 percent between
1992 and 1999, with especially striking increases for routers
and switches (chart B). Though switches did not enter the
market until 1993, by 1999 they made up the largest proportion
of total domestic production of LAN equipment. When
the LAN equipment price index is combined with these
estimates of the value of LAN equipment production, the
results show that real output increased at an average annual
rate of more than 50 percent for 1995-99.
[Graphs omitted]
Table B shows the annual index of LAN equipment production,
as well as the annual LAN price index and the
annual value of LAN output. The annual price measures
for 1992-94 were obtained by an extension of the Doms-Forman
price indexes back to 1992 based on their relationship
to price measures reported in the Dataquest data and on
estimated trends.
B. U.S. LAN equipment, 1992-2000
Production Price Value of
Period index index production(1)
Annual estimates(2)
1992 100.000 100.000 1,684.8
1993 190.706 83.547 2,684.4
1994 298.751 74.236 3,736.5
1995 603.748 62.189 6,325.8
1996 951.649 57.190 9,169.4
1997 1,605.151 47.628 12,880.1
1998 2,478.863 34.352 14,346.5
1999 3,192.484 28.131 15,130.7
Quarterly estimates(3)
96:1 100.000 100.000 7,911.2
96:2 114.483 98.989 8,966.1
96:3 129.172 93.771 9,583.2
96:4 149.434 86.422 10,217.1
97:1 162.075 84.049 10,776.9
97:2 184.893 79.754 11,665.6
97:3 225.762 77.645 13,867.6
97:4 259.174 74.184 15,210.3
98:1 291.332 62.847 14,485.4
98:2 328.857 59.134 15,384.2
98:3 332.261 53.620 14,093.5
98:4 324.278 52.323 13,422.9
99:1 419.177 48.654 16,137.0
99:2 423.775 47.166 15,797.3
99:3 400.055 47.017 14,882.2
99:4 394.040 43.964 13,706.2
00:1 451.754 43.502 15,547.4
00:2 500.061 41.755 16,517.5
00:3 608.214 39.679 19,094.6
(1.) Billions of dollars.
(2.) Indexes are 1992 = 100.
(3.) Indexes are 1996:Q1 = 100.
The new IP index for LAN equipment is derived from
the annual production index and quarterly data from the
Dataquest reports. The Dataquest reports provide figures
for the world revenue and unit sales count of twenty-five
classes of routers, switches, and hubs beginning in the first
quarter of 1996 on. The Dataquest data are converted to
quarterly estimates of U.S. real output in three steps. First,
the annual estimates of nominal U.S. production are interpolated
and extrapolated using the Dataquest quarterly revenue
data. Second, the Doms-Forman annual price indexes
are interpolated and extrapolated using the quarterly price
information reported by Dataquest. For each class of router,
an average selling price is used; for switches, the average
price per port is used; and for hubs, a price measure is
developed from the five types of these devices reported in
the Dataquest data. Third, each estimated nominal value of
U.S. production of routers, switches, and hubs is deflated
by its price indexes, and the three real output measures are
aggregated to obtain a quarterly chain-type real output
index for LAN equipment.
The new quarterly IP index for LAN equipment is shown
in table B. The new series is not published in the monthly
statistical release, but the index is updated on an ongoing
basis and included in the broader aggregate, the IP index for
communications equipment (SIC 366). LAN equipment
accounted for 18 percent of the value of the output of the
communications equipment industry in 1999. Had the previous
methods for measuring LAN equipment been used,
the IP index for communications equipment would have
increased at an average annual rate of about 13 percent for
1995-99, rather than at the nearly 19 percent now reported.
NOTE. Mark Doms constructed the new series and developed the material
reported in this note.
(1.) Mark Doms and Christopher Forman, "Prices for Local Area Network
Equipment" (paper presented at the Brookings Workshop on Communications
Output and Productivity, Washington, D.C., February 23, 2001).
(2.) See J. Steven Landefeld and Bruce T. Grimm, "A Note on the Impact
of Hedonics and Computers on Real GDP," Survey of Current Business,
vol. 80 (December 2000), pp. 17-22, and the references contained
therein.
(3.) Ana Aizcorbe, Carol Corrado, and Mark Doms, "Constructing Price
and Quantity Indexes for High-Technology Goods" (paper presented at the
CRIW-NBER Summer Institute 2000 Workshop on Price, Output, and
Productivity Measurement, Cambridge, Mass., July 31, 2000).
(4.) See Doms and Forman, "Prices for Local Area Network Equipment."
The revised index for the production of computer and office equipment (SIC 357) is an aggregate of three components: computers, computer printers, and other computer and office equipment. The index for the output of computers is based on the data that were previously used to measure the production of computer and office equipment as a whole; these data are highly detailed quarterly estimates from Dataquest (Dataquest Inc., San Jose, CA, www.dataquest.com) A major market research and analysis firm in the information field. Dataquest offers market intelligence on more than 25 topics and provides conferences, annual subscriptions and custom research. on the revenue and unit count of sales of PCs, notebook computers A laptop computer that weighs in a range from five to seven pounds. The term originated when laptops were routinely more than 10 pounds, and those that became lighter were placed in a special "notebook" category. In practice, notebook computer and laptop computer are synonymous. , and workstations/servers. The revision introduced a new index for computer printers based on similar data--that is, highly detailed quarterly figures on the revenue and unit count of sales of computer printers, also from Dataquest. The index for the output of other computer and office equipment is represented by a combination of the data on computers and computer printers. This revision included a new method for estimating the production of pharmaceutical preparations. Accordingly, the previous production measure for drugs and medicines (SIC 283) was revised and is now an aggregate of two components: pharmaceutical preparations (SIC 2834) and other drugs and medicines (SIC 2833,5,6,9). The series for other drugs and medicines uses production-worker hours as the production indicator. The new production index for pharmaceutical preparations is a monthly real output measure developed from detailed data on the prices and quantities of shipments to dispensers of prescription drugs prescription drug Prescription medication Pharmacology An FDA-approved drug which must, by federal law or regulation, be dispensed only pursuant to a prescription–eg, finished dose form and active ingredients subject to the provisos of the Federal Food, Drug, in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. from IMS-Health. These data include monthly dollar shipments and chain-type price indexes for about 500 product classes that IMS-Health constructed using its proprietary, highly detailed, comprehensive database on pharmaceutical products. The Federal Reserve used the measures developed by IMS-Health, information from the Census Bureau's Current Industrial Reports, and other sources to create a chain-type quantity index for the production of the pharmaceutical preparations industry as a whole. The production estimates for two other industries were improved by obtaining and incorporating new source data. The production of ball and roller bearings roller bearing One of the two types of rolling, or antifriction, bearings, the other being the ball bearing. Like a ball bearing, a roller bearing has two grooved tracks, but the balls are replaced by rollers. The rollers may be cylinders or shortened cones. (SIC 3562) is measured as a weighted combination of the unit count of four classes of bearings (ball, mounted, tapered ta·per n. 1. A small or very slender candle. 2. A long wax-coated wick used to light candles or gas lamps. 3. A source of feeble light. 4. a. , and other roller bearings); the measure was developed from data provided by 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 Bearing Manufacturers Association. The production of electrical housewares (SIC 3634) is measured using data provided by the Association of Home Appliance A stand-alone hardware device or software environment dedicated to a specific task. See hardware appliance and software appliance. Manufacturers. Previously, these series were derived from monthly input data. The production index for electric power generation (SIC 491) has been expanded to include electricity generation by plants owned by nonregulated businesses that supply electric power to the public. Previously, the monthly IP series for electricity generation was measured using monthly DOE data on electric power generation by utilities, which the DOE defines as the output of regulated reg·u·late tr.v. reg·u·lat·ed, reg·u·lat·ing, reg·u·lates 1. To control or direct according to rule, principle, or law. 2. entities. These data are still used, but the revised series combines them with estimates of the power generated by nonindustrial adj. 1. not industrial; - used of societies. Opposite of industrial nt> and industrialized nt>. Adj. 1. nonindustrial - not having highly developed manufacturing enterprises; "a nonindustrial society" nonregulated businesses. The principal source data for these estimates are new monthly measures of electric power generation issued by the DOE beginning in January 2000.(8) Estimates for earlier years were developed principally from annual data, also from the DOE. Last, the source data for three other physical product series have changed. For two series--fabric finishing (SIC 226) and metal cans (SIC 341)--the sources switched to reporting data quarterly rather than monthly. The source for the production of truck trailers (SIC 3715) from 1998 on is America's Commercial Transportation Research. AGGREGATION AND WEIGHTS This revision introduced a refinement to the method used for aggregating the individual IP indexes. Previously, the monthly industrial production aggregates from 1977 on were annually weighted chain-type indexes, and the weights were updated in the middle of the year. With this revision, the weights change monthly rather than at midyear mid·year n. 1. The middle of the calendar or academic year. 2. a. An examination given in the middle of a school year. b. midyears A series of such examinations. for the period since July July: see month. 1992. This change affects industry weights only within each year, as well as the monthly capacity and capacity utilization rate aggregates; the procedure used to derive de·rive v. 1. To obtain or receive from a source. 2. To produce or obtain a chemical compound from another substance by chemical reaction. capacity and utilization aggregates, given an industrial production aggregate, is unchanged.(9) The weights for the aggregation of IP and capacity utilization are expressed as unit value added (a "price"), and are derived from annual estimates of industry value added. New information on industry value added was used to update and extrapolate extrapolate - extrapolation the annual estimates of unit value added. Reports from the 1997 Census of Manufactures and the 1998 Annual Survey of Manufactures, as well as revenue and expense data reported by the DOE and the American Gas Association, provided industry value-added data for manufacturing and utilities through 1998. The latest value-added data for mining came from the Census of Mineral Industries reports for 1997. Generally, the unit value-added measures track broad changes in related producer price indexes. The weights required for aggregating IP in the most recent period are estimated from available data on producer prices through October 2000. Table A.7 reports the annual value-added proportions incorporated in the IP index from 1992 on. With this revision, the annual unit value-added measures are linearly interpolated interpolated /in·ter·po·lat·ed/ (in-ter´po-la?ted) inserted between other elements or parts. to the monthly frequency, and the IP index becomes a chain-type index with monthly weights.(10) As with the earlier formulation formulation /for·mu·la·tion/ (for?mu-la´shun) the act or product of formulating. American Law Institute Formulation , the percentage change in IP can be considered as the value-added weighted sum of the percentage changes in its components; consequently, in the monthly statistical release, the value-added proportion for each series for the most recent full year of data is shown along with the series. To assist users with calculations, the Federal Reserve's web site provides supplemental monthly statistics that represent the exact proportionate pro·por·tion·ate adj. Being in due proportion; proportional. tr.v. pro·por·tion·at·ed, pro·por·tion·at·ing, pro·por·tion·ates To make proportionate. contribution of a monthly change in a component index to the monthly change in the total index.(11) REVISED MONTHLY DATA The 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. The input measures were also updated to incorporate revised data on monthly production-worker hours, based on the BLS 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. of employment to March 1999 comprehensive measures, and revised data on monthly electric power use since 1996. Late reports of electric power data for 1999 resulted in a large upward revision for that year; revisions to data for earlier years were small (table A.8). Seasonal factors for all series were re-estimated using data that extended into 2000. Factors for production-worker hours, which adjust for timing, holiday, and monthly seasonal patterns, were updated with data through October 2000. Factors for the electric power series, which are developed using multivariate The use of multiple variables in a forecasting model. methods, were re-estimated with data through May 2000. The updated factors for the monthly (and quarterly) physical product series, which include adjustments for holiday and workday patterns, used data through at least June June: see month. 2000.(12) MEASUREMENT OF CAPACITY The individual capacity indexes for a year are derived from (1) preliminary, implied end-of-year indexes of capacity obtained by dividing a production index for an industry by a corresponding utilization rate obtained from a survey and (2) additional measures that, for most industries, are economic determinants of an industry's annual capacity growth. The capacity indexes, like the IP indexes,, are expressed as percentages of production in 1992. Once the preliminary, implied capacity indexes are calculated, they are related to the additional measures in a regression regression, in psychology: see defense mechanism. regression In statistics, a process for determining a line or curve that best represents the general trend of a data set. model. The final capacity indexes for a year are derived from the fitted values of these regressions. The preliminary, implied capacity indexes thus give the general level and trend of the individual capacity estimates over a period of years, and the additional measures determine the annual changes from one year to the next. For most manufacturing industries, estimates of industry capital input and a variable related to the average age of the industry's capital stock are used as the additional measures.(13) For mining, utilities, and selected manufacturing industries, measures of physical capacity are available and are used to determine the final capacity indexes.(14) The capital input figures are estimates of the flow of services derived from an industry's net stocks of physical assets; the net stocks are developed principally from investment data reported in the Annual Surveys of Manufactures and Censuses of Manufactures. Also used are estimates of business investment and price deflators by asset type, as well as the composition of an industry's capital spending by asset type, all from the BEA. The information on capital spending by manufacturing industries in the 1997 and 1998 Census reports indicated a higher level of investment than previously estimated by the Federal Reserve. The higher level of spending, in conjunction conjunction, in astronomy conjunction, in astronomy, alignment of two celestial bodies as seen from the earth. Conjunction of the moon and the planets is often determined by reference to the sun. with indicators of the rate of change in manufacturing capital spending in 1999 and 2000, suggested that capital input rose at a moderately stronger rate after 1996 than previously estimated. These results were generally consistent with the trends in capacity implied by the upwardly revised estimates Revised estimate The third estimate of GDP released about three months after the measurement period. of production and the new survey data on utilization rates. Measures of capacity in physical terms for mining, utilities, and selected manufacturing industries were updated with revised data for 1999 and with data for 2000 newly available since the midyear capacity update issued in June 2000. On balance, the capacity indexes and capacity utilization rates for these industries were changed little by the revision. NOTE. Charles Gilbert Charles Gilbert may refer to:
n. 1. (Chem.) A yellow crystalline substance ( fustic rodby> (Chlorophora tinctoria syn. prepared the revised measures of capacity and capacity utilization. Other contributors to the revision and this article are 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. , Mark Doms, Cynthia Cynthia goddess of the moon. [Gk. Myth.: Kravitz, 72] See : Moon Bansak, and Susan SUSAN Smallest Univalue Segment Assimilating Nucleus SUSAN Sub Saharan African Network SUSAN Smart Ultrasonic System for Aircraft NDE Polatz. (1.) High-tech industries include the manufacturers of semiconductors and related electronic components (Standard Industrial Classification [SIC] 3672-9), computers (SIC 357), and communications equipment (SIC 366). (2.) The modified utilization rates for primary-processing and advanced-processing industries were recomputed from January 1967 on; the results were spliced to the earlier aggregates from January 1948 to December December: see month. 1966. The modified production and capacity indexes for these groups begin with data for January 1967. (3.) The current and historical industrial production and capacity utilization statistics will be categorized cat·e·go·rize tr.v. cat·e·go·rized, cat·e·go·riz·ing, cat·e·go·riz·es To put into a category or categories; classify. cat according to the NAICS for the 2001 revision. (4.) The method was introduced for the monthly measurement of semiconductors in the 1998 annual revision and for computers and motor vehicles in the 1999 annual revision. For semiconductors and computers, the method consists of (1) estimating the value of U.S. production for the industry from monthly and quarterly data that contain highly detailed unit counts and values of individual products produced by industry and (2) deflating the value of production by a chain-type matched-model price index constructed, for the most part, from the same data. For motor vehicles, detailed monthly data on the production of each vehicle model are aggregated using annual prices as weights. For a few other series in the IP index, the production indicator is obtained by deflating detailed data on the value of production or shipments from a trade source by a corresponding BLS producer price index. (5.) This method was introduced in the 1998 annual revision. (6.) For a review and documentation of the timing of the receipt of the source data for monthly IP over the course of the regular four-month reporting period, see Charles Gilbert, Norman Morin, and Richard Ri·chard , Joseph Henri Maurice Known as "Rocket." 1921-2000. 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: A Revision and Recent Developments," Federal Reserve Bulletin, vol. 86 (March 2000), p. 193. (7.) See table 1, "Industry structure of industrial production: classification, value-added weights, and description of series," on the "About" page of the Board's web site for the G. 17 release: www.federalreserve.gov/releases/g17/About.htm. (8.) Beginning with data for January 2000, the DOE has provided monthly measures of electric power generation by "non-utility" producers; these producers are composed of industrial plants generating power for their own use (co-generation) and nonindustrial nonregulated plants generating power for distribution to the public. The Federal Reserve uses the new DOE series after deducting an estimate of industrial co-generation. Because the power generation by nonregulated firms is distributed by utilities that are regulated entities, the source data for the IP series on electric utility sales, also from the DOE, accurately represents the provision of electric services to households and businesses. The IP series that measures the generation and distribution of electric power to the public is still called "the output of utilities." (9.) See Carol Corrado Corrado may be refer to:
(10.) Specifically, the change in IP for a month is the geometric mean (mathematics) geometric mean - The Nth root of the product of N numbers. If each number in a list of numbers was replaced with their geometric mean, then multiplying them all together would still give the same result. of the change in the aggregate industrial output computed using current month weights and the change computed using weights for the previous month; the formula for a monthly IP aggregate is given by [IP.sub.m]/[IP.sub.m-1] = [square root of [summation summation n. the final argument of an attorney at the close of a trial in which he/she attempts to convince the judge and/or jury of the virtues of the client's case. (See: closing argument) of] [I.sub.m][p.sub.m-1]/ [summation of] [I.sub.m-1][p.sub.m-1] x [summation of] [I.sub.m][p.sub.m]/ [summation of] [I.sub.m-1][p.sub.m] where [p.sub.m] denotes the monthly unit value added for month m. (11.) For the relative weights, see the Board's web site for the G.17 release: www.federalreserve.gov/releases/g17/ipdisk/ipweights.sa/. (12.) Seasonal factors for motor vehicle assemblies are updated twice each year and reported on the Board's web site: www.federalreserve.gov/releases/g17/mvsf.htm (13.) A fuller description of the models that are used to develop the Federal Reserve's capacity estimates was reported in "Industrial Production and Capacity Utilization: A Revision and Recent Developments," pp. 194-97. (14.) The industry structure and documentation of the sources used to compile each individual capacity index can be found in table 3, "Industry structure of capacity and capacity utilization: classification, value-added weights, and description of series," on the "About" page of the Board's web site for the G.17 release: www.federalreserve.gov/ releases/g17/About.htm.
APPENDIX A: SUMMARY TABLES BASED ON THE G.17 RELEASE, JANUARY 17, 2001
A.1 Revised data for industrial production, capacity, and utilization
for total industry, 1987-2000
Seasonally adjusted data except as noted
Year Jan. Feb. Mar. Apr. May June
Industrial production (percentage change)
1987 -.6 1.2 .4 .4 .4 .9
1988 .1 .3 .0 .6 .1 .1
1989 .6 -.8 .9 .2 -.6 -.2
1990 -.5 .5 .5 -.6 .4 .0
1991 -.5 -.8 -.9 .3 .8 1.2
1992 .1 .5 .9 .7 .3 -.2
1993 .4 .5 .2 .3 -.5 .3
1994 .2 .3 .8 .5 .8 .4
1995 .6 -.1 .2 -.2 .4 .4
1996 -.2 1.1 -.1 1.1 .8 .8
1997 .5 1.0 .2 .6 .3 .6
1998 .4 .0 .3 .5 .4 -.7
1999 .6 .3 .7 .1 .7 .2
2000 .5 .5 .7 .7 .7 .5
Industrial production (index)
1987 90.2 91.2 91.6 92.0 92.4 93.2
1988 95.9 96.2 96.3 96.8 96.9 97.0
1989 99.8 99.0 100.0 100.2 99.6 99.4
1990 98.6 99.1 99.6 99.0 99.4 99.3
1991 96.7 95.9 95.0 95.4 96.1 97.2
1992 97.6 98.1 99.0 99.7 100.0 99.7
1993 102.2 102.7 102.9 103.2 102.7 102.9
1994 105.9 106.2 107.1 107.6 108.5 109.0
1995 113.3 113.2 113.4 113.1 113.6 114.0
1996 115.6 116.9 116.8 118.1 119.0 120.0
1997 123.5 124.8 125.0 125.8 126.2 129.9
1998 132.0 132.0 132.4 133.1 133.6 132.7
1999 135.9 136.3 137.3 137.4 138.4 138.6
2000 143.6 144.3 145.2 146.3 147.2 147.9
Capacity (index)
1987 114.0 114.1 114.2 114.3 114.4 114.5
1988 115.3 115.5 115.6 115.7 115.8 115.9
1989 116.8 117.0 117.2 117.4 117.6 117.8
1990 119.2 119.3 119.5 119.7 119.9 120.1
1991 121.4 121.6 121.7 121.9 122.1 122.2
1992 123.4 123.6 123.8 124.1 124.3 124.5
1993 126.0 126.3 126.5 126.7 126.9 127.2
1994 129.1 129.4 129.7 130.1 130.5 130.9
1995 134.2 134.7 135.3 135.8 136.4 137.0
1996 141.2 141.9 142.5 143.1 143.8 144.4
1997 148.8 149.9 150.1 150.8 151.5 152.3
1998 158.0 158.9 159.8 160.7 161.6 162.5
1999 167.9 168.6 169.2 169.9 170.5 171.1
2000 175.4 176.1 176.7 177.4 178.1 178.7
Utilization (level, percent)
1987 79.1 80.0 80.2 80.5 80.7 81.4
1988 83.2 83.4 83.3 83.7 83.7 83.6
1989 85.4 84.6 85.3 85.3 84.7 84.4
1990 82.7 83.0 83.3 82.7 82.9 82.7
1991 79.6 78.9 78.1 78.2 78.8 79.6
1992 79.1 79.4 79.9 80.4 80.4 80.1
1993 81.0 81.3 81.3 81.4 80.9 80.9
1994 82.1 82.1 82.5 82.7 83.2 83.3
1995 84.4 84.0 83.8 83.3 83.3 83.2
1996 81.9 82.4 82.0 82.5 82.3 83.1
1997 83.0 83.5 83.3 83.5 83.3 83.3
1998 83.5 83.1 82.9 82.5 82.7 81.6
1999 81.0 80.9 81.1 80.9 81.2 81.0
2000 81.9 82.0 82.2 82.5 82.7 82.7
Year July Aug. Sept. Oct. Nov. Dec.
Industrial production (percentage change)
1987 .6 .1 -.1 1.4 .3 .6
1988 .7 .5 -.4 .3 .8 .5
1989 -1.0 .4 -.2 -.5 .4 .5
1990 .0 .2 .1 -.6 -1.3 -.6
1991 .1 .1 1.0 -.1 -.1 -.6
1992 .7 -.3 .4 .7 .5 .0
1993 .2 -.2 1.1 .3 .4 .8
1994 .6 .3 .1 .5 .7 1.0
1995 -.4 1.3 .6 -.4 .3 .1
1996 .0 .6 .5 .0 1.0 .4
1997 .7 .9 .6 .6 .6 .3
1998 -.1 2.1 -.3 .5 -.4 .1
1999 .8 .4 .1 .8 .3 .7
2000 -.2 .7 .2 -.3 -.3 -.6
Industrial production (index)
1987 93.7 93.8 93.7 95.0 95.3 95.9
1988 97.6 98.1 97.8 98.0 98.8 99.3
1989 98.4 98.8 98.6 98.2 98.6 99.0
1990 99.3 99.5 99.6 99.1 97.7 97.2
1991 97.3 97.4 98.4 98.3 98.1 97.5
1992 100.4 100.2 100.5 101.3 101.8 101.8
1993 103.2 103.0 104.1 104.4 104.9 105.7
1994 109.6 110.0 110.2 110.7 111.5 112.6
1995 113.6 115.1 115.7 115.3 115.7 115.9
1996 119.9 120.6 121.2 121.3 122.4 122.9
1997 127.7 128.8 129.5 130.3 131.1 131.5
1998 132.5 135.3 134.9 135.5 135.0 135.1
1999 139.7 140.3 140.4 141.5 141.9 142.8
2000 147.6 148.6 149.0 148.5 148.1 147.3
Capacity (index
1987 114.6 114.7 114.9 115.0 115.1 115.2
1988 116.0 116.2 116.3 116.4 116.5 116.7
1989 118.0 118.2 118.4 118.6 118.8 119.0
1990 120.2 120.4 120.6 120.8 121.0 121.2
1991 122.4 122.6 122.7 122.9 123.0 123.2
1992 124.7 124.9 125.2 125.4 125.6 125.8
1993 127.4 127.7 127.9 128.2 128.5 128.8
1994 131.3 131.8 132.2 132.7 133.1 133.7
1995 137.6 138.2 138.8 139.4 140.0 140.6
1996 145.0 145.6 146.2 146.9 147.5 148.1
1997 153.0 163.8 154.6 155.4 156.2 157.1
1998 163.4 164.2 165.0 165.7 166.5 167.2
1999 171.7 172.3 172.9 173.5 174.1 174.8
2000 179.4 180.1 180.7 181.4 182.1 182.8
Utilization (level, percent)
1987 81.8 81.8 81.6 82.6 82.8 83.2
1988 84.1 84.5 81.4 84.2 84.4 85.1
1989 83.4 83.6 83.3 82.8 83.0 83.2
1990 82.6 82.6 82.6 82.0 80.8 80.2
1991 79.5 79.5 80.2 80.0 79.8 72.2
1992 80.5 80.2 80.3 80.8 81.0 80.9
1993 81.0 80.7 81.4 81.5 81.6 82.1
1994 83.5 83.5 83.3 83.5 83.7 84.3
1995 82.5 83.3 83.4 82.8 82.7 82.4
1996 82.7 82.8 82.9 82.5 83.0 83.0
1997 83.5 83.8 83.8 83.9 83.9 83.7
1998 81.1 82.4 81.1 81.8 81.1 80.8
1999 81.3 81.4 81.2 81.5 81.5 81.7
2000 82.3 82.6 82.4 81.9 81.4 80.6
Quarter
Annual
Year 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 1.0 6.5 2.4 5.0 3.1
1993 3.8 1.5 1.9 6.2 3.5
1994 5.5 7.7 5.8 6.3 5.4
1995 6.0 1.1 4.4 2.9 4.8
1996 2.8 9.2 5.4 5.3 4.6
1997 7.6 6.1 7.9 7.3 6.8
1998 3.6 3.0 3.4 2.9 4.9
1999 3.9 4.9 5.8 5.7 4.2
2000 6.7 7.9 3.5 -1.1 5.7
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 98.8
1991 95.9 96.2 97.7 98.0 97.0
1992 98.2 99.8 100.4 101.6 100.0
1993 102.6 102.9 103.4 105.0 103.5
1994 106.4 108.4 109.9 111.6 109.1
1995 113.3 113.6 114.8 115.6 114.3
1996 116.4 119.0 120.6 122.2 119.6
1997 124.4 126.3 128.7 131.0 127.7
1998 132.1 133.1 134.2 135.2 134.0
1999 136.5 138.1 104.1 142.1 139.6
2000 144.4 147.1 148.4 148.0 147.5
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 123.6 124.3 124.9 125.6 124.6
1993 126.3 126.9 127.7 128.5 127.3
1994 129.4 130.5 131.8 133.2 131.2
1995 134.7 136.4 138.2 140.0 137.3
1996 141.9 143.8 145.6 147.5 144.7
1997 149.4 151.5 153.8 156.2 152.7
1998 158.9 161.6 164.2 166.5 162.8
1999 168.6 170.5 172.3 174.1 171.4
2000 176.1 178.1 180.1 182.1 179.1
Utilization (level, percent)
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 80.3 80.9 80.2
1993 81.2 81.1 81.0 81.7 81.3
1994 82.2 83.1 83.4 83.8 83.1
1995 84.1 83.3 83.1 82.6 83.3
1996 82.1 82.8 82.8 82.8 82.6
1997 83.3 83.3 83.7 83.8 83.5
1998 83.2 82.4 81.8 81.2 82.1
1999 81.0 81.0 81.3 81.6 81.2
2000 82.0 82.6 82.4 81.3 82.1
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.
Estimates from October 2000 through December 2000 are subject to further
revision in the upcoming monthly 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, 1987-2000
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 .1 .7 -.7 .0
1990 -.2 .9 .3 -.8 .4 -.1
1991 -.9 -.7 -1.1 .3 .7 1.4
1992 .3 .6 1.0 .6 .4 -.1
1993 .7 .3 .2 .5 -.4 .0
1994 .0 .4 1.0 .8 .9 .2
1995 .6 -.2 .3 -.3 .2 .5
1996 -.2 1.0 -.2 1.3 .9 .9
1997 .5 1.2 .4 .5 .3 .8
1998 .6 .0 .2 .6 .3 -.8
1999 .5 .5 .5 .2 .8 .2
2000 .6 .4 .9 .6 .6 .4
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 97.3 97.9 98.9 99.5 99.9 99.9
1993 102.5 102.8 103.0 103.5 103.1 103.1
1994 106.1 106.5 107.6 108.4 109.4 109.6
1995 114.8 114.6 114.9 114.6 114.9 115.4
1996 117.1 118.3 118.0 119.5 120.6 121.7
1997 125.9 127.3 127.8 128.4 128.9 129.9
1998 135.8 135.9 136.1 136.9 137.4 136.3
1999 140.5 141.2 141.9 142.2 143.4 143.6
2000 149.2 149.9 151.3 152.2 153.1 153.8
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 124.6 124.8 125.0 125.3 125.5 125.8
1993 127.5 127.7 128.0 128.2 128.5 128.8
1994 130.9 131.3 131.6 132.1 132.5 132.9
1995 136.6 137.3 137.9 138.5 139.2 139.8
1996 144.7 145.4 146.2 146.9 147.7 148.4
1997 153.4 154.2 154.9 155.7 156.5 157.4
1998 163.9 164.9 165.9 167.0 168.0 169.0
1999 175.3 176.0 176.8 177.5 178.3 179.0
2000 183.8 184.6 185.3 186.1 186.9 187.6
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 78.1 78.5 79.1 79.5 79.6 79.4
1993 80.4 80.4 80.4 80.7 80.2 80.1
1994 81.1 81.1 81.7 82.1 82.6 82.5
1995 84.0 83.5 83.3 82.7 82.5 82.6
1996 80.9 81.3 80.7 81.4 81.7 82.0
1997 82.1 82.6 82.5 82.5 82.3 82.5
1998 82.9 82.4 82.0 82.0 81.8 80.6
1999 80.2 80.2 80.3 80.1 80.4 80.2
2000 81.2 81.2 81.6 81.8 81.9 82.0
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 .7 .5 -.1
1993 .2 -.2 1.3 .2 .5 .9
1994 .8 .5 .2 .6 .9 1.0
1995 -.6 1.3 .9 -.3 .2 .1
1996 .2 .6 .6 .0 1.0 .6
1997 .6 1.1 .5 .6 .7 .4
1998 -.1 2.3 -.2 .7 -.2 .2
1999 .6 .6 .1 .9 .5 .6
2000 -.1 .6 .3 -.2 -.6 -1.1
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 100.6 100.4 100.6 101.3 101.9 101.7
1993 103.4 103.1 104.4 104.6 105.1 106.1
1994 110.5 111.0 111.3 111.9 112.9 114.1
1995 114.8 116.2 117.3 116.9 117.1 117.3
1996 122.0 122.7 123.4 123.4 124.6 125.3
1997 130.7 132.1 132.8 133.6 134.5 135.0
1998 136.2 139.4 139.0 139.9 139.6 139.8
1999 144.5 145.3 145.6 146.8 147.5 148.4
2000 153.7 154.6 155.1 154.8 153.9 152.2
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 126.0 126.3 126.5 126.7 127.0 127.2
1993 129.0 129.3 129.6 129.9 130.2 130.5
1994 133.4 133.9 134.4 134.9 135.5 136.1
1995 140.5 141.2 141.9 142.6 143.3 144.0
1996 149.1 149.8 150.5 151.2 151.9 152.7
1997 158.2 159.1 160.0 160.9 161.9 162.9
1998 170.0 171.0 171.9 172.8 173.6 174.5
1999 179.7 180.3 181.0 181.7 182.4 183.1
2000 188.4 189.1 189.9 190.7 191.5 192.3
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 79.8 79.5 79.6 79.9 80.2 79.9
1993 80.1 79.7 80.6 80.6 80.7 81.3
1994 82.8 82.9 82.8 83.0 83.3 83.8
1995 81.7 82.3 82.7 82.0 81.7 81.4
1996 81.8 81.9 82.0 81.6 82.0 82.1
1997 82.6 83.1 83.0 83.0 83.1 82.9
1998 80.1 81.5 80.9 81.0 80.4 80.2
1999 80.4 80.6 80.4 80.8 80.9 81.0
2000 81.6 81.7 81.7 81.2 80.4 79.1
Quarter
Year Annual
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 4.1 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 2.4 7.3 3.0 4.5 4.0
1993 4.4 2.0 1.5 6.6 3.7
1994 5.6 9.4 6.6 7.6 6.0
1995 6.5 .7 3.9 3.6 5.3
1996 2.3 10.1 7.1 5.7 4.9
1997 8.5 6.7 9.0 7.7 7.8
1998 4.8 2.8 3.9 4.7 5.6
1999 4.1 5.4 6.0 6.8 4.8
2000 7.1 8.0 3.7 -2.1 6.1
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 99.8 100.5 101.6 100.0
1993 102.7 103.2 103.6 105.3 103.7
1994 106.7 109.2 110.9 113.0 109.9
1995 114.8 115.0 116.1 117.1 115.7
1996 117.8 120.6 122.7 124.4 121.4
1997 127.0 129.1 131.9 134.4 130.8
1998 135.9 136.9 138.2 139.8 138.2
1999 141.2 143.1 145.1 147.6 144.8
2000 150.1 153.0 154.4 153.6 153.6
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 124.8 125.5 126.3 127.0 125.9
1993 127.7 128.5 129.3 130.2 128.9
1994 131.3 132.5 133.9 135.5 133.3
1995 137.3 139.2 141.2 143.3 140.2
1996 145.4 147.7 149.8 151.9 148.7
1997 154.2 156.5 159.1 161.9 157.9
1998 164.9 168.0 171.0 173.6 169.4
1999 176.0 178.3 180.3 182.4 179.3
2000 184.6 186.9 189.2 191.5 188.0
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 79.6 80.0 79.4
1993 80.4 80.3 80.1 80.9 80.4
1994 81.3 82.4 82.8 83.4 82.5
1995 83.6 82.6 82.2 81.7 82.5
1996 81.0 81.7 81.9 81.9 81.6
1997 82.4 82.5 82.9 83.0 82.7
1998 82.4 81.5 80.8 80.5 81.3
1999 80.2 80.3 80.5 80.9 80.5
2000 81.3 81.9 81.7 80.2 81.3
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, 1996-2000
Revised growth rate
(percent)
Market group
1996 1997 1998 1999 2000
Total index 5.6 7.2 3.2 5.1 4.2
Products, total 4.7 6.0 3.2 3.4 3.0
Final products 4.9 6.5 2.9 3.4 3.7
Consumer goods 2.2 4.0 .2 3.1 .7
Durable 2.7 8.4 4.3 8.2 -4.3
Automotive products 3.0 10.6 5.4 3.3 -6.8
Autos and trucks 4.1 15.0 5.5 2.5 -9.9
Autos -4.7 5.1 4.1 -5.5 11.3
Trucks 10.8 21.1 6.3 6.7 -9.3
Auto parts and allied
goods 1.0 2.5 6.1 4.4 -1.3
Other durable goods 2.5 6.6 3.4 12.4 -2.1
Appliances and
electronics 5.8 12.1 10.2 32.5 -.5
Appliances and air
conditioning .9 4.2 8.2 11.5 -5.2
Home electronics 10.9 19.8 11.7 53.3 5.1
Carpeting and furniture 3.0 4.2 6.2 2.8 .4
Miscellaneous .4 4.5 -2.5 4.6 -4.4
Nondurable 2.1 2.7 -1.0 1.6 2.1
Non-energy 2.0 2.9 -.5 1.5 1.2
Foods and tobacco .6 2.2 .6 .2 .8
Clothing -.4 -3.1 -8.1 -4.9 -4.6
Chemical products 5.2 5.5 3.3 5.8 2.5
Paper products 3.5 5.2 -5.4 2.6 3.3
Energy products 2.6 1.8 -4.1 2.5 7.1
Fuels 3.6 1.8 -.4 1.9 .0
Utilities 2.1 1.6 -5.5 2.5 11.8
Equipment, total 9.3 10.4 7.3 3.9 8.9
Business equipment 11.6 13.2 9.1 5.7 1.1
Information processing
and related 20.7 16.5 16.8 21.0 23.8
Computer and office 57.6 24.1 56.0 55.3 46.5
Industrial 1.7 5.5 -1.0 -.9 6.8
Transit 15.4 23.5 12.9 -8.9 -9.2
Autos and trucks -2.0 13.2 9.0 1.6 -15.7
Other 4.3 7.9 2.9 -3.5 11.8
Defense and space
equipment -1.8 -5.0 8.2 -3.1 -3.6
Oil and gas well drilling 7.9 8.6 -26.3 5.6 18.6
Manufactured homes 3.5 9.5 9.2 -17.4 -35.4
Intermediate products 4.1 4.5 4.1 3.2 1.0
Construction supplies 6.1 4.0 7.6 4.5 -.6
Business supplies 2.8 4.8 1.8 2.3 2.1
Materials 7.0 9.4 3.7 8.0 6.0
Durable 10.6 14.1 7.2 10.9 11.3
Consumer parts 1.5 10.3 .1 7.1 -2.8
Equipment parts 23.8 26.1 20.5 22.0 35.8
Semiconductors, printed
circuit boards, and
other electrical
components 53.4 55.1 53.7 54.6 81.4
Other 3.9 5.4 -.6 3.4 -1.8
Basic metals 4.1 5.5 -3.0 6.5 -5.4
Nondurable 3.5 5.3 -2.8 5.6 -4.5
Textile 1.4 3.4 -8.5 -1.2 -10.3
Paper 4.4 4.5 -2.9 4.2 -3.8
Chemical 4.7 6.3 -4.0 9.4 -4.5
Other 1.3 4.8 2.8 2.0 -2.7
Energy .7 .1 -.7 .5 1.7
Primary -1.0 -.1 -1.0 -.7 .0
Converted fuel 4.0 .4 -.2 2.8 5.8
Special aggregates
Total excluding:
Autos and trucks 5.8 7.0 3.1 5.2 4.7
Motor vehicles and parts 6.0 6.8 3.2 5.0 5.0
Computers 4.8 7.0 2.3 4.0 3.3
Computers and
semiconductors(1) 3.2 5.4 .9 2.4 .6
Computers, communications
equipment,
and semiconductors 3.0 5.0 .7 2.2 .0
Consumer goods excluding:
Autos and trucks 2.1 3.2 -.1 3.1 1.4
Energy 2.2 4.3 .6 3.2 -.2
Business equipment excluding:
Autos and trucks 13.1 13.3 9.1 6.1 13.9
Computers and office equipment 7.6 12.2 4.8 .5 6.7
Materials excluding:
Energy 8.7 11.7 4.5 9.5 6.9
Difference between growth rates:
revised less earlier
(percentage points)
Market group
1996 1997 1998 1999 2000
Total index .3 .5 .3 .9 -.1
Products, total .4 .8 .7 .9 .3
Final products .5 .8 .6 .8 .2
Consumer goods .2 1.2 1.1 1.1 .2
Durable .9 2.9 .8 1.4 -.1
Automotive products .6 .3 .7 .6 1.1
Autos and trucks 1.6 2.0 1.2 .6 2.5
Autos 1.5 1.5 1.4 .6 .1
Trucks 1.6 2.0 1.3 .6 3.3
Auto parts and allied
goods -1.1 -3.4 .1 .7 -.5
Other durable goods 1.2 4.8 -1.7 1.8 -1.2
Appliances and
electronics 1.7 10.7 -13.6 3.0 -3.4
Appliances and air
conditioning 1.8 6.3 -1.6 3.5 5.4
Home electronics 1.5 14.2 -27.7 -7.0 -14.0
Carpeting and furniture -.1 1.2 3.7 -.5 1.5
Miscellaneous 1.6 2.7 .8 .2 -.4
Nondurable .1 .7 1.5 .9 .4
Non-energy .1 .8 1.8 .9 .7
Foods and tobacco -.6 .0 1.9 .9 .6
Clothing .0 -.7 -.1 -2.7 3.5
Chemical products .4 3.1 3.4 1.8 -.1
Paper products 2.1 .7 .0 1.4 .3
Energy products .1 -.1 -.2 1.2 -2.2
Fuels .0 .0 .2 .0 .8
Utilities .2 .0 -.4 1.7 -3.5
Equipment, total .7 .1 .1 .4 .7
Business equipment .8 .4 -.9 1.0 1.4
Information processing
and related 2.2 .5 -3.2 -.5 2.4
Computer and office 4.1 -8.1 -21.6 4.7 5.0
Industrial .5 .7 -1.7 2.0 1.8
Transit -.4 1.7 2.2 3.0 1.2
Autos and trucks 1.7 1.5 2.6 2.6 -.8
Other -1.7 -2.8 4.5 4.6 4.5
Defense and space
equipment .7 -1.0 7.6 .6 -.2
Oil and gas well drilling .0 -1.0 -1.1 -.5 -1.2
Manufactured homes -.3 .6 2.5 .5 .5
Intermediate products .3 .9 1.0 1.2 .7
Construction supplies .2 1.2 2.0 1.3 .2
Business supplies .4 .7 .4 1.2 1.0
Materials .1 .2 .2 .9 -.6
Durable .1 -.3 -.1 1.2 -.3
Consumer parts -.3 .7 2.9 1.7 1.9
Equipment parts .4 -.4 -1.6 1.0 .2
Semiconductors, printed
circuit boards, and
other electrical
components 1.2 .9 -2.9 2.7 -1.1
Other -.1 -.6 .1 1.3 -.1
Basic metals -.6 .0 2.6 1.5 -.2
Nondurable .1 1.0 .1 -.4 .4
Textile -.9 .3 1.1 -1.7 2.2
Paper .1 .0 -.3 .2 -.5
Chemical .1 1.9 -.4 -1.3 -.5
Other .7 .5 1.2 .5 2.2
Energy .0 .0 .3 1.3 -.1
Primary -.2 .0 -.6 .1 -.8
Converted fuel .2 .0 2.0 3.8 1.6
Special aggregates
Total excluding:
Autos and trucks .3 .4 .3 .9 -.1
Motor vehicles and parts .3 .4 .2 .8 -.1
Computers .2 .6 .8 1.0 .2
Computers and
semiconductors(1) .2 .7 1.0 .9 .3
Computers, communications
equipment,
and semiconductors .2 .6 1.1 1.0 .5
Consumer goods excluding:
Autos and trucks .2 1.1 1.1 1.1 .1
Energy .3 1.3 1.2 1.1 .4
Business equipment excluding:
Autos and trucks .7 .3 -1.2 .8 1.8
Computers and office equipment .5 1.2 .8 1.3 2.1
Materials excluding:
Energy .2 .3 .0 .7 -.7
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 2000, the
differences between growth rates are calculated from annualized
growth rates between the fourth quarter of 1999 and the third
quarter of 2000.
(1.) Semiconductors include related electronic components.
A.4. Rates of growth in industrial production, by industry group,
1996-2000
Revised growth rate
(percent)
SIC
Series code(1)
1996 1997 1998 1999 2000
Total index ... 5.6 7.2 3.2 5.1 4.2
Manufacturing ... 6.3 8.0 4.0 5.6 4.1
Primary processing ... 8.3 10.4 4.3 8.8 5.0
Advanced processing ... 5.0 6.4 3.9 3.7 3.5
Durable
manufacturing ... 9.2 11.5 8.0 8.2 7.9
Lumber and
products 24 1.8 3.7 5.4 .5 -7.6
Furniture and
fixtures 25 5.2 7.8 6.2 3.1 5.3
Stone, clay, and
glass products 32 5.6 3.4 5.6 2.3 .5
Primary metals 33 5.0 6.1 -3.4 8.0 -7.1
Iron and steel 331,2 4.4 5.8 -8.4 12.6 -10.6
Raw steel 331pt -1.1 7.5 -9.4 16.6 -15.7
Nonferrous metals 333-6,9 5.8 6.4 2.6 3.0 -3.2
Fabricated metal
products 34 4.2 6.2 1.5 1.6 .5
Industrial
machinery
and equipment 35 10.9 7.3 11.6 13.6 14.3
Computer and
office
equipment 357 51.5 21.5 54.0 54.3 43.6
Electrical machinery 36 24.3 28.4 20.4 25.2 38.9
Semiconductors
and related
electronic
components 3672-9 47.7 49.0 45.7 47.8 72.8
Transportation
equipment 37 4.7 14.7 5.9 -1.4 -5.5
Motor vehicles
and parts 371 -.5 16.0 3.3 5.9 -8.4
Autos and
light trucks ... 3.2 13.5 5.4 1.5 -10.0
Aerospace and
miscellaneous
transportation
equipment 372-6,9 13.3 12.9 10.4 -11.6 -.7
Instruments 38 3.8 2.9 3.9 4.5 2.2
Miscellaneous
manufactures 39 2.7 3.1 .7 6.6 .0
Nondurable
manufacturing ... 2.9 4.2 -.4 2.5 -.5
Foods 20 .3 2.2 3.7 .9 1.5
Tobacco products 21 -.3 5.5 -15.9 -1.9 -2.7
Textile mill
products 22 .7 1.5 -6.5 .2 -8.8
Apparel products 23 -.3 -.2 -6.3 -4.0 -5.5
Paper and products 26 3.6 4.9 -.1 3.0 -3.2
Printing and
publishing 27 3.0 5.1 -1.8 1.8 2.3
Chemicals and
products 28 5.4 5.3 .2 6.7 -.4
Petroleum products 29 4.0 3.1 2.1 .2 -.3
Rubber and plastic
products 30 5.1 7.0 1.6 3.6 -1.8
Leather and
products 31 4.3 -5.4 -10.1 -6.0 -3.8
Mining ... 1.6 1.5 -5.3 -.5 1.5
Metal mining 10 3.2 3.2 -2.3 -8.8 -2.1
Coal mining 12 2.4 1.7 2.4 -1.3 .6
Oil and gas
extraction 13 1.0 1.3 -8.7 .3 2.2
Stone and earth
minerals 14 5.1 2.4 4.3 .6 -3.2
Utilities 1.4 2.2 -1.4 2.3 7.7
Electric 491,3pt 1.1 3.2 1.6 1.7 5.5
Gas 492,3pt 2.5 -1.5 -11.9 4.6 15.1
Special aggregates
Computers,
communications
equipment, and
semiconductors(2) ... 41.0 35.7 37.2 40.6 55.6
Manufacturing
excluding:
Motor vehicles and
parts ... 6.7 7.5 4.1 5.5 5.0
Computers and office
equipment ... 5.3 7.7 3.0 4.4 3.1
Computers and
semiconductors(2) ... 3.5 5.9 1.4 2.6 .1
Computers,
communications
equipment, and
semiconductors(2) ... 3.2 5.4 1.2 2.3 -.7
Difference between growth rates:
revised less earlier
(percentage points)
Series
1996 1997 1998 1999 2000
Total index .3 .4 .3 .9 -.1
Manufacturing .4 .6 .3 .8 .0
Primary processing .1 .4 .2 .4 -.2
Advanced processing .5 .6 .5 1.0 .0
Durable
manufacturing .3 .1 .3 1.2 .0
Lumber and
products .0 -.8 1.2 .6 .5
Furniture and
fixtures .6 4.1 2.9 .5 3.8
Stone, clay, and
glass products -.2 .1 .6 1.1 .8
Primary metals -.6 .1 3.0 .5 .2
Iron and steel -.8 -.3 3.2 .3 .6
Raw steel -1.0 .3 3.4 -1.1 1.4
Nonferrous metals -.4 .4 2.6 .8 -.2
Fabricated metal
products .0 .3 1.5 1.4 1.1
Industrial
machinery
and equipment .4 -3.8 -4.5 2.3 -.5
Computer and
office
equipment 5.0 -6.3 -24.9 3.2 2.4
Electrical machinery .9 2.2 -1.1 2.5 .6
Semiconductors
and related
electronic
components .8 -.9 -2.8 3.5 -.8
Transportation
equipment -.1 1.5 3.7 1.6 1.2
Motor vehicles
and parts .9 2.2 2.3 1.9 1.8
Autos and
light trucks 1.6 2.2 1.4 .9 1.6
Aerospace and
miscellaneous
transportation
equipment -1.7 .6 6.3 .5 .5
Instruments 1.4 -.4 2.0 -.4 2.6
Miscellaneous
manufactures .1 .0 1.3 2.3 2.1
Nondurable
manufacturing .4 1.3 .7 .6 .4
Foods -.5 .3 1.9 1.0 .9
Tobacco products -.9 .2 2.5 .9 -.2
Textile mill
products -1.2 -2.3 -.1 -4.6 4.1
Apparel products .9 2.3 1.0 1.0 .3
Paper and products .6 .8 1.1 .0 -.1
Printing and
publishing 1.2 1.2 -.2 1.3 1.1
Chemicals and
products .7 2.7 .9 .9 -.5
Petroleum products -.1 .4 .0 .2 -.3
Rubber and plastic
products 1.1 2.4 -1.5 -.2 -.1
Leather and
products 2.3 1.7 -1.9 3.8 4.4
Mining -.3 -.4 -.3 .4 -1.7
Metal mining -.8 .3 -.2 3.1 -3.3
Coal mining -.2 -.2 -.4 -.1 .7
Oil and gas
extraction -.1 -.4 -.3 .1 -2.9
Stone and earth
minerals .3 -.7 .5 1.1 -.4
Utilities .2 .1 .0 2.1 .2
Electric .1 .3 .8 1.7 .2
Gas .3 .3 .3 3.5 -2.8
Special aggregates
Computers,
communications
equipment, and
semiconductors(2) 1.9 -.9 -6.7 3.2 5.2
Manufacturing
excluding:
Motor vehicles and
parts .3 .4 .2 .7 -.1
Computers and office
equipment .2 .7 .8 1.0 .3
Computers and
semiconductors(2) .2 .8 1.1 .9 .5
Computers,
communications
equipment, and
semiconductors(2) .2 .7 1.2 1.0 .7
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 2000,
the differences between growth rates are calculated from annualized
growth rates between the fourth quarter of 1999 and
the third quarter of 2000.
Primary-processing manufacturing includes textile mill products;
paper and products: industrial chemicals, synthetic materials, and
fertilizers; petroleum products; rubber and plastics products:
lumber and products; primary metals; fabricated metals: and
stone, clay, and glass products. Advanced-processing
manufacturing includes foods, tobacco products, apparel products,
printing and publishing, chemical products and other agricultural
chemicals, leather and products, furniture and fixtures, industrial
and commercial machinery and computer equipment, electrical
machinery, transportation equipment, instruments, and miscellaneous
manufactures.
(1.) Standard Industrial Classification; see Executive Office of
the President, Office of Management and Budget, 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, 1996-2000
Revised growth rate
(percent)
SIC
Industry group code(1)
1996 1997 1998 1999 2000
Total index ... 5.4 5.9 6.5 4.6 4.6
Manufacturing ... 6.1 6.5 7.2 5.1 5.0
Primary processing ... 9.2 8.5 9.4 4.9 8.0
Advanced processing ... 4.0 4.9 5.7 5.2 3.0
Durable manufacturing ... 9.3 9.3 10.2 8.4 8.8
Lumber and products 24 3.4 3.3 3.7 1.6 1.2
Furniture and
fixtures 25 4.3 5.4 10.0 2.9 3.9
Stone, clay, and
glass products 32 3.0 3.5 3.9 2.1 2.4
Primary metals 33 5.3 3.4 5.1 3.3 .6
Iron and steel 331,2 4.8 3.9 5.8 3.1 .9
Raw steel 331pt 2.4 6.1 6.5 2.8 1.7
Nonferrous metals 333-6,9 6.0 2.9 4.4 3.4 .4
Primary copper 3331 .6 1.0 -1.1 -3.1 -2.9
Primary aluminum 3334 .3 .1 .7 1.5 1.3
Fabricated metal
products 34 4.4 6.3 6.0 1.8 2.5
Industrial machinery
and equipment 35 12.0 11.4 11.8 18.1 10.6
Computer and office
equipment 357 39.3 44.3 37.0 72.7 39.0
Electrical machinery 36 30.4 26.5 28.2 18.4 33.2
Semiconductors and
related
electronic
components 3672-9 57.6 46.3 55.2 31.8 69.8
Transportation equipment 37 1.4 3.6 4.1 2.2 1.1
Motor vehicles and
parts 371 2.8 6.2 4.7 2.7 2.1
Autos and light
trucks ... -2.1 5.2 4.4 .5 .9
Aerospace and
miscellaneous
transportation
equipment 372-6,9 -.2 .6 3.1 1.6 -.4
Instruments 38 1.2 1.1 3.4 5.8 1.8
Miscellaneous
manufactures 39 2.4 1.7 2.9 2.4 1.3
Nondurable manufacturing ... 2.2 3.4 4.1 1.3 .9
Foods 20 2.4 2.3 2.8 2.2 .4
Textile mill products 22 .7 -.2 -.2 -.5 -1.7
Apparel products 23 .0 .8 .8 -.9 -2.2
Paper and products 26 2.3 3.3 4.3 .9 .8
Pulp and paper 261-3 2.6 1.6 .3 .9 .7
Printing and
publishing 27 1.0 3.0 3.5 .9 -.1
Chemicals and
products 28 3.4 5.5 7.0 1.4 2.5
Plastics materials 2821 3.3 6.8 9.6 1.3 .5
Synthetic fibers 2823,4 -3.3 2.0 2.8 -1.5 1.4
Petroleum products 29 1.1 2.4 2.4 1.9 .0
Rubber and plastics
products 30 3.9 5.2 5.7 3.8 3.5
Leather and products 31 -1.8 -.6 -2.0 -3.5 -4.4
Mining ... .6 1.9 -.1 -1.5 -.8
Metal mining 10 3.2 3.0 .8 -.1 -1.8
Coal mining 12 1.1 .9 .3 .8 .6
Oil and gas extraction 13 .1 1.5 -.8 -2.4 -1.1
Oil and gas well
drilling 138 -.5 3.5 1.4 -1.9 -.4
Stone and earth
minerals 14 3.3 4.8 2.0 .4 .0
Utilities ... .9 1.0 1.1 2.4 3.3
Electric 491,3pt 1.1 .2 1.1 3.2 4.4
Gas 492,3pt 1.1 1.1 .5 .1 -.1
Special aggregates
Computers, communications
equipment,
and semiconductors(3) ... 44.2 40.3 39.5 37.8 48.0
Manufacturing excluding
computers,
communications
equipment, and
semiconductors(3) ... 2.7 3.6 4.4 2.1 1.3
Difference between growth rates:
revised less earlier
(percentage points)
Industry group
1996 1997 1998 1999 2000(2)
Total index -.1 .5 .3 .4 .8
Manufacturing -.1 .5 .2 .4 .8
Primary processing -.7 .1 -.5 -.8 1.5
Advanced processing .3 .2 .5 1.3 -.4
Durable manufacturing .0 .5 -.5 1.1 1.3
Lumber and products -.3 .0 .6 -1.3 1.0
Furniture and
fixtures .0 1.6 6.8 .9 3.3
Stone, clay, and
glass products -.4 .4 1.1 -1.4 .2
Primary metals -.4 .0 1.6 .8 -1.2
Iron and steel -.3 .0 .6 -.8 -1.5
Raw steel -.4 .1 .4 1.2 -.5
Nonferrous metals -.4 -.2 2.9 2.6 -1.0
Primary copper 5.7 .3 -.6 -.9 3.0
Primary aluminum -.1 .0 .7 1.5 .9
Fabricated metal
products -.8 .2 .2 1.5 2.5
Industrial machinery
and equipment -.3 -2.9 -4.0 2.8 -1.7
Computer and office
equipment -3.2 -6.6 -21.8 10.8 -3.2
Electrical machinery -.5 3.7 -2.3 1.2 7.8
Semiconductors and
related
electronic
components -1.5 3.3 -5.8 .2 16.2
Transportation equipment 1.0 1.2 1.4 2.3 1.0
Motor vehicles and
parts 1.3 2.5 2.0 2.5 .2
Autos and light
trucks 2.4 1.0 1.8 2.1 -.3
Aerospace and
miscellaneous
transportation
equipment .9 .0 .3 2.3 1.6
Instruments .9 .3 1.2 1.8 .1
Miscellaneous
manufactures .0 1.2 1.4 1.2 1.0
Nondurable manufacturing .0 .8 1.6 .1 .6
Foods .2 .0 .6 .3 -.1
Textile mill products -1.2 -2.4 -.5 -.8 -1.8
Apparel products -.3 .2 .1 .0 .2
Paper and products 1.0 .0 1.2 -1.4 .7
Pulp and paper 1.4 -.7 -1.1 -.3 .5
Printing and
publishing .3 1.2 1.9 1.1 -.8
Chemicals and
products .0 2.7 4.2 .4 1.6
Plastics materials .1 5.1 6.0 -2.4 -2.7
Synthetic fibers -1.3 1.0 2.3 -3.2 3.7
Petroleum products -.3 .1 -.5 .3 -.6
Rubber and plastics
products -.3 -.2 .6 -1.6 .1
Leather and products -.3 1.2 .8 1.4 .7
Mining .2 .3 -1.0 -1.3 .7
Metal mining 1.7 -.2 -.3 1.4 .7
Coal mining -.7 .7 -.1 .4 .4
Oil and gas extraction .4 .3 -1.3 -1.8 1.0
Oil and gas well
drilling .7 2.5 -.5 1.2 -1.2
Stone and earth
minerals -.3 .5 -.9 -1.2 -.4
Utilities -1.0 .8 .4 1.0 2.1
Electric -.8 .4 .4 1.8 2.7
Gas -.7 -.4 -.7 -.9 -1.1
Special aggregates
Computers, communications
equipment,
and semiconductors(3) -1.4 2.4 -8.7 2.1 9.0
Manufacturing excluding
computers,
communications
equipment, and
semiconductors(3) .1 .5 1.4 .8 .8
NOTE. See general note to table A.4.
(1.) Standard Industrial Classification; see table A.4, note 1.
(2.) Through the fourth quarter of 2000.
(3.) Semiconductors include related electronic components.
pt. Part of classification.
A.6. Capacity utilization rates, by industry group, 1967 2000
Revised rate
(percent of capacity,
seasonally adjusted)
SIC
Item code(1)
1967-99 1988-89 1990-91
avg. high low
Total index ... 82.1 85.4 78.1
Manufacturing ... 81.1 85.7 76.6
Primary processing ... 82.1 88.3 76.7
Advanced processing ... 80.6 84.2 76.6
Durable manufacturing ... 79.6 84.6 73.1
Lumber and products 24 82.6 93.6 75.5
Furniture and fixtures 25 81.3 86.6 72.5
Stone, clay, and glass
products 32 78.7 83.5 69.7
Primary metals 33 81.5 92.7 73.7
Iron and steel 3,312 81.3 95.2 71.8
Raw steel 331pt 80.9 92.7 71.5
Nonferrous metals 333-6,9 81.9 89.3 74.2
Primary copper 3331 76.2 86.3 73.5
Primary aluminum 3334 88.4 100.4 97.3
Fabricated metal products 34 78.0 82.0 71.9
Industrial machinery and
equipment 35 81.4 85.4 72.3
Computer and office
equipment 357 81.3 86.9 66.9
Electrical machinery 36 81.2 84.0 75.0
Semiconductors and
related electronic
components 3672-9 79.6 81.1 75.6
Transportation equipment 37 76.0 85.8 68.5
Motor vehicles and
parts 371 76.9 89.1 55.9
Autos and light
trucks(2) ... ... 92.3 53.3
Aerospace and
miscellaneous
transportation
equipment 372-6,9 75.3 87.3 79.2
Instruments 38 81.7 81.4 77.2
Miscellaneous
manufactures 39 75.8 79.0 71.7
Nondurable manufacturing ... 83.3 87.3 80.7
Foods 20 82.8 85.4 82.7
Textile mill products 22 85.6 90.4 77.7
Apparel products 23 80.8 85.1 75.5
Paper and products 26 88.9 93.5 85.0
Pulp and paper 261-3 92.4 98.0 89.9
Printing and publishing 27 85.5 91.7 79.6
Chemicals and products 28 79.3 86.2 79.3
Plastics materials 2821 86.8 97.0 74.8
Synthetic fibers 2823,4 85.1 99.7 77.6
Petroleum products 29 87.1 88.5 85.1
Rubber and plastics
products 30 84.7 89.6 77.4
Leather and products 31 80.9 83.3 76.1
Mining ... 87.4 88.0 87.0
Metal mining 10 79.4 89.4 79.9
Coal mining 12 86.7 91.5 83.4
Oil and gas extraction 13 88.4 88.2 88.7
Oil and gas well drilling 138 73.9 69.3 60.0
Stone and earth minerals 14 84.8 89.0 79.4
Utilities ... 87.5 92.6 83.4
Electric 491,3pt 89.6 95.0 87.1
Gas 492,3pt 82.0 85.0 67.1
Special aggregates
Computers, communications
equipment,
and semiconductors(3) ... 80.2 81.9 72.4
Manufacturing excluding
computers, communications
equipment, and
semiconductors(3) ... 81.2 86.1 76.8
Revised rate
(percent of capacity,
seasonally adjusted)
Item
1998:Q4 1999:Q4 2000:Q4
Total index 81.2 81.6 81.3
Manufacturing 80.5 80.9 80.2
Primary processing 81.6 84.6 82.3
Advanced processing 80.4 79.2 79.7
Durable manufacturing 81.0 81.0 80.3
Lumber and products 84.2 83.3 76.1
Furniture and fixtures 78.6 78.8 79.8
Stone, clay, and glass
products 85.1 85.2 83.7
Primary metals 84.8 88.6 81.8
Iron and steel 79.9 87.2 77.3
Raw steel 76.3 86.6 71.8
Nonferrous metals 90.8 90.4 87.1
Primary copper 106.4 77.5 78.3
Primary aluminum 88.4 89.7 80.6
Fabricated metal products 77.0 76.9 75.4
Industrial machinery and
equipment 83.0 79.8 82.5
Computer and office
equipment 85.6 76.5 79.1
Electrical machinery 79.0 83.4 87.0
Semiconductors and
related electronic
components 76.8 86.1 87.7
Transportation equipment 81.7 78.8 73.7
Motor vehicles and
parts 80.4 82.9 74.3
Autos and light
trucks(2) 86.6 87.5 78.1
Aerospace and
miscellaneous
transportation
equipment 83.7 72.8 72.6
Instruments 81.4 80.4 80.7
Miscellaneous
manufactures 78.3 81.6 80.5
Nondurable manufacturing 80.1 81.0 79.9
Foods 81.2 80.2 81.0
Textile mill products 82.2 82.4 76.4
Apparel products 74.0 71.7 69.3
Paper and products 85.0 86.7 83.2
Pulp and paper 90.9 94.0 89.2
Printing and publishing 80.1 80.8 82.7
Chemicals and products 74.5 78.4 76.2
Plastics materials 89.4 94.0 89.5
Synthetic fibers 79.9 87.6 81.7
Petroleum products 94.7 93.2 92.9
Rubber and plastics
products 85.5 85.3 80.9
Leather and products 71.2 69.3 69.8
Mining 83.8 84.7 86.6
Metal mining 87.1 79.6 79.4
Coal mining 87.3 85.4 85.4
Oil and gas extraction 82.4 84.7 87.6
Oil and gas well drilling 62.0 66.8 79.5
Stone and earth minerals 86.4 86.6 83.8
Utilities 89.3 89.2 93.0
Electric 95.0 93.6 94.6
Gas 72.2 75.4 86.9
Special aggregates
Computers, communications
equipment,
and semiconductors(3) 79.2 80.8 85.0
Manufacturing excluding
computers, communications
equipment, and
semiconductors(3) 80.7 80.9 79.3
Difference between rates:
revised less earlier
(percentage points)
Item
1998:Q4 1999:Q4 2000:Q3
Total index .2 .6 .1
Manufacturing .3 .6 .2
Primary processing .9 1.9 1.1
Advanced processing .5 .2 .4
Durable manufacturing .6 .7 .0
Lumber and products .5 2.1 1.9
Furniture and fixtures .0 -.3 .2
Stone, clay, and glass
products -.4 1.7 2.2
Primary metals 1.6 1.3 2.2
Iron and steel 1.6 2.6 3.8
Raw steel 2.1 .5 1.6
Nonferrous metals 1.5 -.1 .2
Primary copper 19.6 2.1 11.1
Primary aluminum -.2 -1.5 -2.0
Fabricated metal products 1.5 1.5 .7
Industrial machinery and
equipment -1.1 -1.3 -.9
Computer and office
equipment -.1 -3.5 -1.6
Electrical machinery 1.1 2.0 -1.1
Semiconductors and
related electronic
components -1.7 .1 -7.2
Transportation equipment 1.0 .5 .6
Motor vehicles and
parts -.2 .7 .2
Autos and light
trucks(2) -.4 -1.5 -.2
Aerospace and
miscellaneous
transportation
equipment 2.9 1.3 .6
Instruments 1.0 -.7 .9
Miscellaneous
manufactures -.8 -.1 .6
Nondurable manufacturing -.3 .2 .1
Foods 1.1 1.6 2.2
Textile mill products .9 -2.1 1.7
Apparel products 3.0 3.6 3.6
Paper and products -1.1 .0 -.2
Pulp and paper .1 .5 -.6
Printing and publishing -1.1 -.9 .1
Chemicals and products -2.5 -2.3 -3.5
Plastics materials -2.4 -.7 5.0
Synthetic fibers 2.9 5.3 2.1
Petroleum products .6 .5 .7
Rubber and plastics
products .4 1.5 1.5
Leather and products .4 2.3 4.2
Mining .5 1.9 .3
Metal mining -.6 1.2 -1.3
Coal mining -.5 -.9 -.7
Oil and gas extraction .9 2.5 .1
Oil and gas well drilling -1.3 -2.6 -3.1
Stone and earth minerals .6 2.6 2.5
Utilities -.1 .9 -.4
Electric 1.2 1.2 -.5
Gas 1.3 4.5 4.0
Special aggregates
Computers, communications
equipment,
and semiconductors(3) -.3 .3 -1.0
Manufacturing excluding
computers, communications
equipment, and
semiconductors(3) .2 .3 .2
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 occur 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, 1992-99
Item SIC 1992 1993
code(1)
Total index ... 100.0 100.0
Manufacturing ... 85.4 85.9
Primary processing ... 31.0 31.8
Advanced processing ... 54.5 54.1
Durable manufacturing ... 44.8 45.6
Lumber and products 24 2.1 2.2
Furniture and fixtures 25 1.4 1.4
Stone, clay, and glass products 32 2.1 2.1
Primary metals 33 3.1 3.3
Iron and steel 331,2 1.8 1.9
Raw steel 331pt .1 .1
Nonferrous metals 333-6,9 1.4 1.4
Fabricated metal products 34 5.0 5.1
Industrial machinery and equipment 35 7.8 8.1
Computer and office equipment 357 1.6 1.6
Electrical machinery 36 7.1 7.4
Semiconductors and related
electronic components 3672-9 2.5 2.6
Transportation equipment 37 9.4 9.5
Motor vehicles and parts 371 4.7 5.1
Autos and light trucks(2) 2.5 2.5
Aerospace and miscellaneous
transportation equipment 372-6,9 4.7 4.4
Instruments 38 5.4 5.3
Miscellaneous manufactures 39 1.3 1.3
Nondurable manufacturing ... 40.6 40.3
Foods 20 9.6 9.6
Tobacco products 21 1.6 1.1
Textile mill products 22 1.8 1.8
Apparel products 23 2.2 2.1
Paper and products 26 3.5 3.5
Printing and publishing 27 6.8 6.8
Chemicals and products 28 10.0 10.0
Petroleum products 29 1.4 1.5
Rubber and plastics products 30 3.5 3.6
Leather and products 31 .3 .3
Mining ... 6.8 6.3
Metal mining 10 .4 .4
Coal mining 12 1.0 .9
Oil and gas extraction 13 4.8 4.4
Stone and earth minerals 14 .6 .6
Utilities 7.8 7.7
Electric 491,3pt 6.2 6.1
Gas 492,3pt 1.6 1.6
Special aggregates
Computers, communications equipment,
and semiconductors(3) ... 5.7 5.8
Manufacturing excluding:
Motor vehicles and parts ... 80.7 80.9
Computers and office equipment ... 83.8 84.3
Computers and semiconductors(3) ... 81.3 81.7
Computers, communications equipment,
and semiconductors(3) ... 79.8 80.1
Item 1994 1995 1996 1997
Total index 100.0 100.0 100.0 100.0
Manufacturing 86.7 86.9 87.0 88.2
Primary processing 33.4 33.7 33.5 34.0
Advanced processing 53.3 53.2 53.5 54.1
Durable manufacturing 46.3 46.8 47.6 48.3
Lumber and products 2.2 2.1 2.1 2.1
Furniture and fixtures 1.4 1.4 1.4 1.5
Stone, clay, and glass products 2.2 2.2 2.3 2.3
Primary metals 3.6 3.5 3.5 3.6
Iron and steel 2.0 1.9 1.9 2.0
Raw steel .1 .1 .1 .1
Nonferrous metals 1.6 1.6 1.6 1.6
Fabricated metal products 5.2 5.3 5.5 5.7
Industrial machinery and equipment 8.4 8.9 9.1 9.0
Computer and office equipment 1.6 1.7 1.8 1.9
Electrical machinery 7.8 8.3 8.6 8.8
Semiconductors and related
electronic components 2.9 3.4 3.6 3.7
Transportation equipment 9.3 8.9 8.9 9.3
Motor vehicles and parts 5.5 5.4 5.5 5.7
Autos and light trucks(2) 2.8 2.8 2.9 3.0
Aerospace and miscellaneous
transportation equipment 3.8 3.5 3.4 3.6
Instruments 4.9 4.8 4.9 4.7
Miscellaneous manufactures 1.3 1.3 1.4 1.3
Nondurable manufacturing 40.4 40.2 39.4 39.9
Foods 9.3 9.2 9.1 9.0
Tobacco products 1.2 1.3 1.3 1.4
Textile mill products 1.8 1.7 1.6 1.6
Apparel products 2.1 2.0 1.9 1.8
Paper and products 3.8 3.9 3.5 3.4
Printing and publishing 6.6 6.6 6.6 6.9
Chemicals and products 10.0 9.9 9.8 10.1
Petroleum products 1.6 1.5 1.7 1.6
Rubber and plastics products 3.8 3.7 3.7 3.8
Leather and products .2 .2 .2 .2
Mining 5.9 6.0 6.3 5.6
Metal mining .4 .4 .4 .3
Coal mining .9 .8 .8 .7
Oil and gas extraction 4.0 4.1 4.5 3.9
Stone and earth minerals .6 .6 .6 .6
Utilities 7.4 7.1 6.7 6.3
Electric 5.8 5.6 5.3 4.9
Gas 1.6 1.5 1.4 1.4
Special aggregates
Computers, communications equipment,
and semiconductors(3) 6.2 6.9 7.3 7.6
Manufacturing excluding:
Motor vehicles and parts 81.2 81.5 81.5 82.4
Computers and office equipment 85.1 85.2 85.2 86.3
Computers and semiconductors(3) 82.2 81.8 81.6 82.6
Computers, communications equipment,
and semiconductors(3) 80.5 80.1 79.7 80.5
Item 1998 1999
Total index 100.0 100.0
Manufacturing 88.9 88.4
Primary processing 33.7 34.1
Advanced processing 55.2 54.3
Durable manufacturing 48.9 48.4
Lumber and products 2.1 2.1
Furniture and fixtures 1.6 1.6
Stone, clay, and glass products 2.4 2.4
Primary metals 3.4 3.4
Iron and steel 1.8 1.8
Raw steel .1 .1
Nonferrous metals 1.6 1.6
Fabricated metal products 5.7 5.6
Industrial machinery and equipment 9.1 9.0
Computer and office equipment 2.0 2.3
Electrical machinery 8.6 8.5
Semiconductors and related
electronic components 3.5 3.6
Transportation equipment 9.9 9.7
Motor vehicles and parts 5.6 5.9
Autos and light trucks(2) 2.7 2.9
Aerospace and miscellaneous
transportation equipment 4.3 3.9
Instruments 4.8 4.7
Miscellaneous manufactures 1.3 1.3
Nondurable manufacturing 40.1 40.0
Foods 9.2 9.0
Tobacco products 1.7 1.7
Textile mill products 1.5 1.4
Apparel products 1.7 1.5
Paper and products 3.4 3.4
Printing and publishing 6.8 6.6
Chemicals and products 10.2 10.4
Petroleum products 1.5 2.0
Rubber and plastics products 3.8 3.8
Leather and products .2 .2
Mining 5.0 5.6
Metal mining .3 .2
Coal mining .7 .6
Oil and gas extraction 3.5 4.2
Stone and earth minerals .6 .6
Utilities 6.1 5.9
Electric 4.8 4.6
Gas 1.3 1.3
Special aggregates
Computers, communications equipment,
and semiconductors(3) 7.5 7.8
Manufacturing excluding:
Motor vehicles and parts 83.3 82.5
Computers and office equipment 86.9 86.1
Computers and semiconductors(3) 83.4 82.5
Computers, communications equipment,
and semiconductors(3) 81.4 80.6
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 2000 would
account for a 0.484 percent increase in total IP.
(1.) Standard Industrial Classification; see table A.4, note 1.
(2.) Series began in 1977.
(3.) Semiconductors include related electronic components.
pt. Part of classification.
A.8. Rates of growth in electric power use, 1996-2000
Revised growth rate
(percent)
SIC
Item code(1)
1996 1997 1998
Total ... 1.6 10.0 -1.2
Manufacturing ... 1.6 1.2 -1.2
Durable manufacturing ... .3 3.8 -1.8
Lumber and products 24 4.7 1.0 2.1
Furniture and fixtures 25 4.8 2.7 1.0
Stone, clay, and glass
products 32 4.1 1.1 2.2
Primary metals 33 -3.0 5.5 -4.8
Fabricated metal products 34 3.9 4.1 -.7
Industrial machinery and
equipment 35 1.3 4.1 .5
Electrical machinery 36 2.9 2.6 -2.6
Transportation equipment 37 -.1 4.2 -1.0
Instruments 38 -2.6 .3 1.5
Miscellaneous manufactures 39 8.5 .4 6.4
Nondurable manufacturing ... 2.7 -.9 -.8
Foods 20 3.4 3.7 3.0
Tobacco products 21 1.3 .1 -1.7
Textile mill products 22 .7 -.2 -2.3
Apparel products 23 -.7 .1 -2.4
Paper and products 26 .6 1.6 -2.5
Printing and publishing 27 .1 1.5 1.5
Chemicals and products 28 5.6 -3.8 -1.6
Petroleum products 29 -2.6 -1.5 -2.1
Rubber and plastics
products 30 3.8 1.3 3.3
Leather and products 31 -2.2 -1.4 -4.4
Mining ... 1.7 -.8 -.3
Metal mining 10 -1.2 .0 .6
Coal mining 12 .0 -.6 .6
Oil and gas extraction 13 3.6 .5 -5.8
Stone and earth minerals 14 4.2 -4.6 8.4
Supplementary groups
Total, excluding nuclear
nondefense ... 1.2 2.3 -1.5
Utilities sales to industry ... 2.1 1.0 -1.3
Industrial generation ... -5.5 .8 .5
Revised growth rate
(percent)
Item
1999 2000
Total 1.0 .6
Manufacturing 1.1 .7
Durable manufacturing 1.3 2.7
Lumber and products -.1 3.1
Furniture and fixtures 1.9 5.1
Stone, clay, and glass
products -.4 4.0
Primary metals 1.9 2.3
Fabricated metal products .9 3.4
Industrial machinery and
equipment .1 3.3
Electrical machinery -.4 4.8
Transportation equipment 3.6 -1.0
Instruments -1.9 4.9
Miscellaneous manufactures 11.6 7.4
Nondurable manufacturing 1.0 -.9
Foods 2.2 2.3
Tobacco products -6.7 -.8
Textile mill products -2.4 1.1
Apparel products 2.7 -1.6
Paper and products 1.6 -1.3
Printing and publishing .8 1.5
Chemicals and products .8 -4.5
Petroleum products 1.1 3.6
Rubber and plastics
products 1.7 2.4
Leather and products -2.4 6.6
Mining -.6 -1.2
Metal mining -1.1 -.2
Coal mining -4.4 3.6
Oil and gas extraction 1.7 -2.0
Stone and earth minerals -.1 -6.0
Supplementary groups
Total, excluding nuclear
nondefense 1.1 1.2
Utilities sales to industry 1.1 1.1
Industrial generation -1.1 .6
Difference between growth rates:
revised less earlier
(percentage points)
Item
1996 1997 1998 1999 2000
Total .1 -.1 -.3 1.3 .2
Manufacturing .2 -.1 -.3 1.4 .3
Durable manufacturing .6 -.9 -.5 1.9 .6
Lumber and products .5 -2.5 .4 .9 1.1
Furniture and fixtures .7 1.1 .4 .8 2.3
Stone, clay, and glass
products .6 -.5 -.3 1.8 .1
Primary metals .8 -1.2 -1.0 2.4 -.1
Fabricated metal products .2 -.5 .5 2.0 .7
Industrial machinery and
equipment .1 -.1 -.5 2.1 1.2
Electrical machinery .4 -.3 -.6 1.8 -.9
Transportation equipment .6 -1.4 -.1 1.6 1.8
Instruments .3 -.7 -2.3 -3.0 5.6
Miscellaneous manufactures 1.3 -1.7 -1.8 7.7 2.3
Nondurable manufacturing -.1 .5 -.1 .9 .0
Foods 1.7 .4 .7 2.6 -.4
Tobacco products 1.3 -.6 .1 .8 -.6
Textile mill products -2.0 -3.4 -.9 -.5 .1
Apparel products 1.1 1.8 1.0 9.0 .4
Paper and products -.5 -.9 -1.7 4.5 1.1
Printing and publishing -.9 -1.4 -.8 3.0 .9
Chemicals and products -.4 1.8 .7 .3 .0
Petroleum products .6 1.9 -.9 -4.3 -2.1
Rubber and plastics
products .5 -.6 -.3 1.2 1.0
Leather and products -.7 .0 -.6 5.6 15.2
Mining -1.4 -.6 .3 .5 -.3
Metal mining -3.8 -.4 .8 .5 -4.3
Coal mining .1 -.6 -.4 .4 .2
Oil and gas extraction -.8 -1.0 .9 -.2 2.1
Stone and earth minerals -.2 .2 -1.0 1.4 .3
Supplementary groups
Total, excluding nuclear
nondefense .2 -.1 -.2 1.1 .2
Utilities sales to industry .1 -.2 -.5 1.4 .1
Industrial generation .2 .1 2.4 -2.6 4.3
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 2000, the growth
rates are calculated from the fourth quarter of 1999 to the third
quarter of 2000 and annualized.
(1.) Standard Industrial Classification; see table A.4, note 1.
Carol Corrado, of the Board's Division of Research and Statistics, prepared this article. Matt Wilson Wilson, city (1990 pop. 36,930), seat of Wilson co., E N.C., in a rich agricultural region; inc. 1849. It is a commercial and industrial center with a large tobacco market. Manufactures include textile goods (especially clothing), metal products, and processed foods. provided research assistance. |
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