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PRODUCTION AND BUSINESS ACTIVITY.

INDUSTRIAL PRODUCTION AND CAPACITY UTILIZATION

Industrial production and capacity utilization fell in May.

[GRAPHS OMITTED]
[Monthly data seasonally adjusted]

 Total industrial Industry production
 production indexes, 1992=100

 Percent change(1) Manufacturing

 From
 Index, preced- From Non-
 Period 1992= ing year Total Durable durable
 100 month earlier

1991 97.0 ... -2.0 96.2 95.5 97.0
1992 100.0 ... 3.1 100.0 100.0 100.0
1993 103.5 ... 3.5 103.7 105.7 101.6
1994 109.1 ... 5.4 109.9 114.6 104.8
1995 114.3 ... 4.8 115.7 124.2 106.6
1996 119.6 ... 4.6 121.4 134.7 107.4
1997 127.7 ... 6.8 130.8 148.8 112.3
1998 134.0 ... 4.9 138.2 162.3 114.4
1999 139.6 ... 4.2 144.8 175.6 115.4
2000 147.5 ... 5.6 153.6 193.4 116.9

2000: May 147.2 0.7 6.4 153.1 193.0 116.7
 June 147.9 .5 6.7 153.8 194.6 116.7
 July 147.6 -.2 5.7 153.7 194.7 116.3
 Aug 148.6 .7 6.0 154.6 196.9 116.3
 Sept 149.0 .2 6.1 155.1 198.4 116.0
 Oct 148.7 -.2 5.1 154.9 197.6 116.3
 Nov 148.2 -.3 4.5 154.1 196.7 115.5
 Dec 147.3 -.6 3.1 152.6 195.1 114.1

2001: Jan 146.0 -.9 1.7 151.3 192.3 114.0
 Feb(r) 145.4 -.4 .8 150.7 191.1 114.0
 Mar(r) 145.1 -.2 -.1 150.1 191.4 112.6
 Apr(r) 144.2 -.6 -1.4 149.1 189.7 112.3
 May(p) 143.1 -.8 -2.8 148.1 188.8 111.2

 Industry
 production Capacity utilization
 indexes, 1992=100 rate, percent(2)

 Total
 Period Mining Utilities industry Manufacturing

1991 102.6 100.4 79.3 77.9
1992 100.0 100.0 80.2 79.4
1993 100.0 104.0 81.3 80.4
1994 102.3 105.4 83.1 82.5
1995 102.0 109.1 83.3 82.5
1996 103.5 112.7 82.6 81.6
1997 105.3 112.8 83.5 82.7
1998 103.0 114.1 82.1 81.3
1999 98.0 117.1 81.2 80.5
2000 100.0 120.4 82.1 81.3

2000: May 99.6 121.6 82.7 81.9
 June 100.4 121.7 82.7 82.0
 July 100.5 119.1 82.3 81.6
 Aug 101.0 122.1 82.6 81.7
 Sept 100.4 121.7 82.4 81.7
 Oct 100.1 120.0 82.0 81.2
 Nov 101.1 121.9 81.4 80.5
 Dec 99.6 129.1 80.6 79.3

2001: Jan 101.0 124.0 79.7 78.4
 Feb(r) 101.4 121.8 79.2 77.9
 Mar(r) 102.9 123.0 78.8 77.4
 Apr(r) 102.7 121.7 78.2 76.7
 May(p) 102.3 119.6 77.4 76.0

(1) Percent changes based on unrounded indexes.

(2) Output as percent of capacity.

Source: Board of Governors of the Federal Reserve System.
INDUSTRIAL PRODUCTION--MAJOR MARKET GROUPS AND SELECTED MANUFACTURES

[1992=100; monthly data seasonally adjusted]

 Products

 Final products

 Consumer goods Equipment

 Durable Nondurable
 Period Total Total goods goods Total(1)

1991 97.7 97.0 93.0 98.1 98.8
1992 100.0 100.0 100.0 100.0 100.0
1993 103.6 103.5 111.8 101.4 103.7
1994 107.9 107.8 123.8 103.9 108.1
1995 111.9 110.6 128.1 106.3 114.2
1996 116.1 112.5 130.9 108.0 122.4
1997 123.2 115.9 138.1 110.4 135.4
1998 129.3 118.4 145.8 111.8 147.1
1999 133.3 120.8 158.3 112.0 153.8
2000 138.8 123.0 160.8 114.2 166.1

2000: May 137.5 123.5 163.8 114.1 163.1
 June 138.3 124.2 164.4 114.8 164.3
 July 138.1 122.9 158.7 114.5 166.3
 Aug 139.2 123.8 160.0 115.2 167.9
 Sept 139.3 123.8 162.8 114.7 168.3
 Oct 138.8 122.7 157.3 114.5 169.1
 Nov 138.8 122.4 154.3 114.6 169.9
 Dec 139.1 123.1 153.4 115.7 168.9

2001: Jan 137.8 121.8 148.9 114.9 168.0
 Feb(r) 137.7 122.3 150.8 115.3 166.2
 Mar(r) 138.0 122.5 153.7 114.9 167.1
 Apr(r) 136.9 121.7 152.9 114.1 165.1
 May(p) 135.9 120.8 154.6 112.7 164.1

 Products

 Final products Intermediate products

 Equipment

 Defense
 Period Business and space Total Construction Business
 equipment supplies supplies

1991 95.7 106.7 97.5 96.2 98.3
1992 100.0 100.0 100.0 100.0 100.0
1993 105.5 93.0 102.4 103.4 101.8
1994 112.7 86.4 106.2 110.6 103.6
1995 121.5 83.7 108.0 112.6 105.3
1996 132.6 80.6 110.7 117.8 106.6
1997 150.2 75.8 116.3 123.6 112.0
1998 165.7 79.5 121.0 131.6 114.7
1999 176.4 80.8 125.1 138.5 117.2
2000 194.2 76.2 128.7 143.2 120.1

2000: May 191.6 75.5 129.4 143.1 121.3
 June 192.8 76.3 129.0 143.4 120.5
 July 195.0 77.9 128.7 143.8 119.8
 Aug 197.8 76.1 128.8 142.7 120.6
 Sept 199.5 73.7 128.6 143.1 120.0
 Oct 200.0 75.3 128.7 142.3 120.7
 Nov 200.6 77.0 128.5 141.6 120.7
 Dec 199.2 77.5 126.8 140.6 118.5

2001: Jan 197.4 78.5 126.7 140.7 118.4
 Feb(r) 195.3 76.7 125.5 139.9 117.0
 Mar(r) 195.9 78.0 124.6 140.7 115.1
 Apr(r) 193.1 78.1 124.1 139.2 115.1
 May(p) 191.7 78.0 123.3 138.8 114.1

 Materials Durable manufacturers

 Primary
 metals

 Iron Fabricated
 Period Total Energy Total and metal
 steel products

1991 95.9 100.8 96.7 96.0 96.2
1992 100.0 100.0 100.0 100.0 100.0
1993 103.8 99.6 105.1 105.9 104.4
1994 111.6 101.3 113.7 114.3 112.2
1995 119.6 102.5 116.2 116.5 116.4
1996 127.0 103.6 119.6 118.9 120.1
1997 138.0 103.8 125.4 123.8 126.1
1998 145.7 103.5 127.8 124.6 130.3
1999 154.5 103.1 130.4 126.7 131.9
2000 167.8 103.4 133.7 131.1 135.6

2000: May 168.4 103.3 136.7 135.9 136.2
 June 169.4 103.1 136.4 135.5 135.7
 July 169.0 102.9 133.9 129.9 136.1
 Aug 170.5 104.2 132.4 129.7 136.3
 Sept 171.3 104.3 133.9 131.9 136.0
 Oct 171.1 103.9 129.0 123.7 136.0
 Nov 169.9 105.4 127.3 122.0 134.7
 Dec 167.8 104.5 126.3 118.7 132.9

2001: Jan 165.9 104.4 124.0 116.0 133.5
 Feb(r) 165.0 103.9 121.3 115.5 130.3
 Mar(r) 163.9 105.0 117.8 113.3 129.8
 Apr(r) 163.2 104.3 119.7 116.9 129.0
 May(p) 161.8 103.4 116.8 113.8 128.6

 Durable manufacturers

 Transportation
 equipment

 Industrial Motor
 machinery Electrical vehicles Lumber
 Period and machinery Total and and
 equipment parts products

1991 95.4 89.6 96.5 88.5 94.5
1992 100.0 100.0 100.0 100.0 100.0
1993 110.2 109.8 104.4 114.9 100.8
1994 125.4 131.4 108.4 132.9 105.9
1995 144.0 165.9 108.0 136.3 107.9
1996 160.2 206.6 109.6 136.3 110.5
1997 177.1 264.3 119.0 147.0 114.1
1998 195.2 321.0 128.8 152.4 118.7
1999 219.0 399.4 131.4 165.8 122.4
2000 252.8 549.7 131.0 170.5 118.3

2000: May 249.9 533.8 133.6 177.6 120.5
 June 250.9 555.0 133.5 176.1 118.7
 July 253.9 571.2 128.0 163.1 118.6
 Aug 257.9 580.0 132.4 173.9 115.5
 Sept 260.0 592.2 132.4 175.5 116.8
 Oct 261.5 597.4 129.2 167.2 114.8
 Nov 261.9 604.4 126.8 160.1 113.2
 Dec 262.3 610.2 122.8 151.8 111.5

2001: Jan 258.4 604.3 116.0 138.6 108.3
 Feb(r) 255.0 593.7 119.8 147.4 109.1
 Mar(r) 255.6 583.2 124.5 156.5 111.3
 Apr(r) 250.6 572.2 123.9 155.4 110.6
 May(p) 247.5 564.9 125.6 159.1 112.1

 Nondurable manufacturers

 Printing Chemicals
 Period Apparel and and Foods
 products publishing products

1991 97.8 99.1 96.4 98.4
1992 100.0 100.0 100.0 100.0
1993 102.4 100.5 101.1 102.0
1994 106.4 100.6 103.9 103.6
1995 107.0 101.2 106.1 105.7
1996 104.3 101.8 108.4 105.3
1997 104.8 107.6 116.8 107.0
1998 100.4 107.4 121.4 110.8
1999 94.8 106.8 126.1 112.5
2000 91.7 109.9 128.3 114.7

2000: May 93.0 109.9 126.3 114.2
 June 91.2 109.1 125.9 114.9
 July 92.0 110.0 124.8 115.0
 Aug 90.7 110.4 125.9 115.1
 Sept 89.5 110.9 125.4 114.6
 Oct 89.2 111.6 125.8 114.8
 Nov 89.2 111.2 124.8 115.0
 Dec 88.2 109.2 122.9 114.2

2001: Jan 88.9 109.6 121.8 114.1
 Feb(r) 88.7 107.7 122.6 115.0
 Mar(r) 88.4 106.0 121.2 114.6
 Apr(r) 88.2 106.0 119.0 113.9
 May(p) 87.4 104.8 117.4 113.4

(1) Includes oil and gas well drilling and manufactured homes,
not shown separately.

Source: Board of Governors of the Federal Reserve System.
NEW CONSTRUCTION

[Monthly data seasonally adjusted]

 Private

 Residential

 Total new New Commercial
 Period construction Total Total(1) housing and indus-
 expenditures units trial(2)

 Billions of dollars

1991 432.6 322.5 166.3 114.6 93.7
1992 463.7 347.8 199.4 135.1 82.2
1993(r) 491.0 375.1 225.1 150.9 81.5
1994(r) 539.2 419.0 258.6 176.4 93.3
1995(r) 557.8 427.9 247.4 171.4 110.9
1996(r) 615.9 476.6 281.1 191.1 125.2
1997(r) 653.4 502.7 289.0 198.1 136.6
1998(r) 704.7 551.4 314.6 224.0 151.1
1999(r) 763.8 596.3 350.6 251.3 153.1
2000(r) 815.4 640.6 374.3 264.9 165.6

 Annual rates

2000: May(r) 814.0 640.6 376.8 270.5 165.2
 June(r) 802.7 634.5 371.0 266.5 165.5
 July(r) 792.3 627.7 364.1 260.3 166.6
 Aug(r) 804.0 630.7 364.0 258.7 167.7
 Sept(r) 815.4 638.9 364.4 257.4 169.0
 Oct(r) 820.8 644.8 370.3 257.5 169.9
 Nov(r) 826.7 651.1 374.3 259.9 169.7
 Dec(r) 838.7 660.8 379.6 263.5 172.3

2001: Jan(r) 867.1 673.7 386.1 269.1 177.2
 Feb(r) 876.2 681.8 398.9 275.4 173.9
 Mar(r) 876.1 681.2 395.1 273.9 178.7
 Apr(r) 879.2 674.0 395.1 275.1 171.8
 May(p) 881.6 667.5 396.2 277.9 163.7

 Private Construction contracts(3)

 Federal Commercial
 and Total and industrial
 Period Other State value floor space
 and index (millions of
 local (1996=100) square feet)

 Billion of
 dollars

1991 62.6 110.1 70 577
1992 66.2 115.8 76 556
1993(r) 68.5 116.0 82 589
1994(r) 67.1 120.2 89 744
1995(r) 69.7 129.9 92 862
1996(r) 70.4 139.3 100 875
1997(r) 77.1 150.7 109 1,027
1998(r) 85.7 153.3 122 1,223
1999(r) 92.6 167.5 135 1,255
2000(r) 100.7 174.9 142 1,240

 Annual rates

2000: May(r) 98.6 173.4 141 ...
 June(r) 98.0 168.2 146 ...
 July(r) 97.0 164.5 139 ...
 Aug(r) 98.9 173.3 139 ...
 Sept(r) 105.5 176.6 143 ...
 Oct(r) 104.7 176.0 151 ...
 Nov(r) 107.1 175.7 143 ...
 Dec(r) 109.0 177.9 140 ...

2001: Jan(r) 110.4 193.3 152 ...
 Feb(r) 109.1 194.3 148 ...
 Mar(r) 107.4 194.9 138 ...
 Apr(r) 107.1 205.2 142 ...
 May(p) 107.6 214.1 139 ...

(1) Includes residential improvements, not shown separately.

(2) Includes hotels and motels.

(3) F.W. Dodge series.

Note.--New construction expenditures series reflects annual revisions;
data revised beginning 1993.

Sources: Department of Commerce (Bureau of the Census) and The
McGraw-Hill Companies, Inc., F.W. Dodge Division.
NEW PRIVATE HOUSING AND VACANCY RATES

[Thousands of units or houses, except as noted]

 New private housing units

 Units started, by type of structure

 2-4 5 units Units
 Period Total 1 unit units(1) or more authorized

1991 1,013.9 840.4 35.6 137.9 948.8
1992 1,199.7 1,029.9 30.7 139.0 1,094.9
1993 1,287.6 1,125.7 29.4 132.6 1,199.1
1994 1,457.0 1,198.4 35.0 223.5 1,371.6
1995 1,354.1 1,076.2 33.7 244.1 1,332.5
1996 1,476.8 1,160.9 45.2 270.8 1,425.6
1997 1,474.0 1,133.7 44.5 295.8 1,441.1
1998 1,616.9 1,271.4 42.6 302.9 1,612.3
1999 1,640.9 1,302.4 31.9 306.6 1,663.5
2000 1,568.7 1,230.9 38.7 299.1 1,592.3

 Seasonally adjusted annual rates

2000: May 1,573 1,228 22 323 1,540
 June 1,560 1,199 56 305 1,566
 July 1,477 1,148 49 280 1,534
 Aug 1,531 1,228 48 255 1,544
 Sept 1,508 1,196 36 276 1,549
 Oct 1,527 1,218 38 271 1,562
 Nov 1,559 1,209 44 306 1,614
 Dec 1,532 1,236 37 259 1,553

2001: Jan 1,666 1,336 40 290 1,724
 Feb 1,623 1,288 25 310 1,663
 Mar(r) 1,592 1,208 45 339 1,627
 Apr(r) 1,629 1,293 38 298 1,587
 May(p) 1,622 1,291 31 300 1,621

 New
 private
 housing New private houses
 units

 Vacancy rate
 Units Houses Houses for for rental
 Period completed sold sale at end housing units
 of period(2) (percent)(3)

1991 1,090.8 509 284 7.4
1992 1,157.5 610 265 7.4
1993 1,192.7 666 293 (3)7.3
1994 1,346.9 670 336 7.4
1995 1,312.6 667 370 7.6
1996 1,412.9 757 322 7.8
1997 1,400.5 804 281 7.7
1998 1,474.2 886 294 7.9
1999 1,604.9 880 308 8.1
2000 1,573.7 877 297 8.0

 Seasonally
 adjusted
 annual rates

2000: May 1,675 853 304 ...
 June 1,532 793 307 8.0
 July 1,489 881 304 ...
 Aug 1,583 839 304 ...
 Sept 1,526 902 301 8.2
 Oct 1,509 922 301 ...
 Nov 1,548 882 304 ...
 Dec 1,527 1,001 297 7.8

2001: Jan 1,424 938 295 ...
 Feb 1,531 (r)959 (r)295 ...
 Mar(r) 1,478 964 286 8.2
 Apr(r) 1,549 921 287 ...
 May(p) 1,484 928 289 ...

(1) Derived; seasonally adjusted monthly data for 2-4 housing units
started are no longer published.

(2) Seasonally adjusted.

(3) Revised series beginning 1994; data for 1993 reflect the revision.
Quarterly data entered in last month of quarter.

NOTE.--Beginning 1994, units authorized are for 19,000 places. For
other data shown, units authorized are for 17,000 places.

Beginning 1999, housing starts, completions, and sales are not directly
comparable with earlier data due to new estimation methods.

Source: Department of Commerce, Bureau of the Census.


BUSINESS SALES AND INVENTORIES--Manufacturing and Trade

In April, manufacturing and trade sales fell 0.5 percent and inventories fell $1.5 billion. According to advance estimates, retail sales were unchanged in May. Retail and food services sales rose 0.1 percent in May.

[GRAPHS OMITTED]
[Millions of dollars, except ratios; seasonally adjusted,
except as noted]

 Manufacturing and trade(1) Wholesale

 Inven-
 tory-
 Period Sales Inven- sales Sales Inventories(3)
 (2) tories(3) ratio (2)
 (4)

1992 540,572 840,687 1.53 144,302 193,685
1993 567,377 867,961 1.51 150,833 201,883
1994 609,908 931,330 1.47 161,133 218,913
1995 654,435 990,100 1.48 176,227 235,197
1996 686,604 1,009,261 1.46 186,649 237,852
1997 723,212 1,049,901 1.42 194,541 255,242
1998 742,810 1,084,488 1.44 198,319 268,079
1999 787,127 1,138,602 1.41 211,607 284,317
2000 843,263 1,204,524 1.40 229,627 303,063

2000: Apr(r) 838,660 1,163,495 1.39 228,662 293,882
 May(r) 844,565 1,170,248 1.39 229,670 295,735
 June 848,792 1,181,487 1.39 231,425 298,562
 July 846,803 1,183,590 1.40 230,744 298,934
 Aug 846,543 1,192,263 1.41 231,065 300,533
 Sept 849,762 1,193,106 1.40 231,965 300,721
 Oct 847,112 1,199,577 1.42 231,866 301,573
 Nov 843,384 1,204,041 1.43 231,623 302,662
 Dec 846,258 1,204,524 1.42 233,590 303,063

2001: Jan 843,035 1,206,745 1.43 233,960 302,222
 Feb 843,032 1,203,367 1.43 233,080 301,541
 Mar(r) 837,800 1,198,530 1.43 229,619 301,822
 Apr(p) 833,629 1,197,010 1.44 229,959 302,102
 May(p) 842,194 ... ... 229,821 302,616

 Whole-
 sale Retail

 Inven-
 tory- Inven- Inventory Retail
 Period sales Sales(2) to- sales and food
 ratio ries(3) ratio services
 (4) (4) sales

1992 1.31 154,268 267,562 1.68 171,219
1993 1.31 164,837 285,762 1.69 182,841
1994 1.30 178,932 311,890 1.67 197,735
1995 1.30 188,235 329,566 1.73 207,704
1996 1.28 200,190 340,491 1.68 220,431
1997 1.27 209,112 350,841 1.65 230,616
1998 1.33 219,507 364,254 1.63 242,228
1999 1.30 238,580 391,811 1.59 262,435
2000 1.29 256,896 417,917 1.58 282,402

2000: Apr(r) 1.29 254,612 398,940 1.57 279,961
 May(r) 1.29 255,325 403,735 1.58 280,547
 June 1.29 255,993 408,249 1.59 281,378
 July 1.30 257,323 407,477 1.58 282,971
 Aug 1.30 257,368 413,253 1.61 282,845
 Sept 1.30 259,801 413,151 1.59 285,621
 Oct 1.30 259,325 416,004 1.60 285,070
 Nov 1.31 257,923 417,487 1.62 283,648
 Dec 1.30 257,979 417,917 1.62 283,735

2001: Jan 1.29 261,525 419,216 1.60 288,054
 Feb 1.29 261,969 417,473 1.59 288,245
 Mar(r) 1.31 260,695 416,129 1.60 287,102
 Apr(p) 1.31 (r)264,639 415,249 1.57 (r)291,090
 May(p) 1.32 264,587 ... ... 291,306

(1) See page 21 for manufacturing.

(2) Annual data are averages of monthly not seasonally adjusted
figures; monthly data are seasonally adjusted totals for month.

(3) Seasonally adjusted, end of period.

(4) Annual data are averages of seasonally adjusted monthly ratios.

Note.--Data reflect changeover to North American Industrial
Classification System (NAICS). Data on NAICS basis are available
beginning 1992.

Source: Department of Commerce, Bureau of the Census.


MANUFACTURERS' SHIPMENTS, INVENTORIES, AND ORDERS

In May, manufacturers' shipments and new orders rose; inventories and unfilled orders fell.

[GRAPHS OMITTED]
 Manufacturers'
 Manufacturers' shipments(1) inventories(2)

 Durable Nondurable
 Period Total goods goods Total

 Millions of dollars, seasonally adjusted,
 except as noted

1992 242,002 126,572 115,430 379,440
1993 251,708 133,712 117,996 380,316
1994 269,843 147,005 122,838 400,527
1995 289,973 158,568 131,405 425,337
1996 299,766 164,883 134,883 430,918
1997 319,558 178,949 140,610 443,818
1998 324,984 185,966 139,019 452,155
1999 336,940 193,896 143,043 462,474
2000 356,739 202,918 153,822 483,544

2000: May 359,570 205,283 154,287 470,778
 June 361,374 206,705 154,669 474,676
 July 358,736 203,939 154,797 477,179
 Aug 358,110 203,527 154,583 478,477
 Sept 357,996 204,364 153,632 479,234
 Oct 355,921 201,626 154,295 482,000
 Nov 353,838 199,406 154,432 483,892
 Dec 354,689 199,840 154,849 483,544

2001: Jan 347,550 193,473 154,077 485,307
 Feb 347,983 193,401 154,582 484,353
 Mar 347,486 194,082 153,404 480,579
 Apr(r) 339,031 186,519 152,512 479,659
 May(p) 347,786 192,442 155,344 478,082

 Manufacturers' Manufacturers'
 inventories(2) new orders(1)

 Durable
 goods

 Durable Nondurable
 Period goods goods Total Total

 Millions of dollars, seasonally adjusted,
 except as noted

1992 238,676 140,764 ... ...
1993 239,252 141,064 249,649 131,653
1994 253,629 146,898 270,566 147,728
1995 267,807 157,530 291,293 159,888
1996 272,876 158,042 303,179 168,297
1997 281,273 162,545 321,585 180,975
1998 292,549 159,606 323,739 184,720
1999 295,290 167,184 338,511 195,468
2000 309,545 173,999 362,473 208,651

2000: May 299,491 171,287 365,805 211,518
 June 302,143 172,533 393,155 238,486
 July 303,251 173,928 359,717 204,920
 Aug 304,834 173,643 359,772 205,189
 Sept 305,012 174,222 365,389 211,757
 Oct 307,469 174,531 353,920 199,625
 Nov 309,335 174,557 360,079 205,647
 Dec 309,545 173,999 359,989 205,140

2001: Jan 311,246 174,061 337,201 183,124
 Feb 310,564 173,789 344,908 190,326
 Mar 307,133 173,446 347,359 193,955
 Apr(r) 306,488 173,171 335,415 182,903
 May(p) 305,097 172,985 343,673 188,329

 Manufacturers'
 new orders(1)

 Durable goods

 Capital
 goods Manufacturer's Manufacturers'
 Period industries, unfilled inventory--shipments
 nondefense orders(2) ratio(3)

 Millions of dollars,
 seasonally adjusted,
 except as noted

1992 ... 458,396 1.56
1993 40,681 433,853 1.50
1994 45,175 442,658 1.44
1995 51,011 459,123 1.44
1996 54,066 500,050 1.43
1997 60,697 525,176 1.37
1998 62,133 510,220 1.39
1999 64,162 530,844 1.35
2000 73,451 600,036 1.33

2000: May 71,487 548,679 1.31
 June 80,057 580,460 1.31
 July 73,099 581,441 1.33
 Aug 73,868 583,103 1.34
 Sept 77,242 590,496 1.34
 Oct 70,539 588,495 1.35
 Nov 74,776 594,736 1.37
 Dec 77,992 600,036 1.36

2001: Jan 67,813 589,687 1.40
 Feb 68,010 586,612 1.39
 Mar 68,344 586,485 1.38
 Apr(r) 64,619 582,869 1.41
 May(p) 64,933 578,756 1.37

(1) Annual data are averages of monthly not seasonally adjusted
figures; monthly data are seasonally adjusted totals for month.
Shipments are the same as sales.

(2) Seasonally adjusted, end of period.

(3) Annual data are averages of seasonally adjusted monthly ratios.

Note.--Data reflect changeover to North American Industrial
Classification System (NAICS). Data on NAICS basis are available
beginning 1992.

Source: Department of Commerce, Bureau of the Census.
COPYRIGHT 2001 Superintendent of Documents
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001 Gale, Cengage Learning. All rights reserved.

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Publication:Economic Indicators
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Geographic Code:1USA
Date:Jun 1, 2001
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PRODUCTION AND BUSINESS ACTIVITY.
PRODUCTION AND BUSINESS ACTIVITY.
PRODUCTION AND BUSINESS ACTIVITY.
PRODUCTION AND BUSINESS ACTIVITY.
Production and business activity.
Production and business activity.
63,000 firms operated in 2008.

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