FEDERAL RESERVE statistical release

Transcription

1 FEDERAL RESERVE statistical release For release at 9:5 a.m. (EST) G.2.3 November 5, 985 NDUSTRAL PRODUCTON Total industrial production was unchanged in October. Output of durable consumer goods declined, but there were production gains among nondurable consumer goods, and overall output of equipment changed little. At 24.9 percent of the 977 average, the index for October was.8 percent higher than a year earlier. Market Groupings Output of consumer goods increased 0.2 percent in October. Auto assemblies declined about 6 percent to an annual rate of 7.6 million units largely because of strike activity; light-weight truck production also was affected. However, home goods production, including appliances, increased in October as did nondurable consumer goods. Production of business equipment grew 0.3 percent with gains in most categories; output declined in transit equipment, however, because of the strike-related reductions in the production of business vehicles. n October production of defense and space equipment was off 0.3 percent associated with another labor dispute, but output in this sector remained more than 8 percent higher than a year ago. Materials output edged down in October largely reflecting a decline in energy materials. Durable materials output was unchanged as a fall in production of parts for consumer durables was offset by gains in other components. ndustry Groupings Manufacturing output was unchanged in October with a small decline in durables and a slight rise in nondurables. Production at mines was reduced sharply due to cutbacks in coal output and in oil and gas extraction Output of utilities also was off in October. ndustrial Production: Summary Seasonally adjusted ndex, 977= 00 Monthly percent change Current tem 985 _ month from S _f JUN JUL AUG S P OCT a year ago Total Market Groupings Products, total Final products Consumer goods Durable goods Nondurable goods Business equipment Defense and space ntermediate products Construction supplies Materials Manufacturing Durable Nondurable Mining Utilities

2 FEDERAL RESERVE ndustrial Production NDUSTRA L PRODUCTON OCTOBER DATA SEASONALLY ADJUST ED, RATO SCALE, 977=00 TOTAL NDEX ,

3 Table A NDUSTRAL PRODUCTON: MARKET GROUPNGS Seasonally adjusted, 977= 00 A Major Market Pro- Ann.) Groupings por- Avg.) OCT NOV DEC J JAN FEB MAR APR MAY JUN JUL AUG SEP OCT tion i # J TOTAL NDEX ) 23..o S i PRODUCTS, TOTAL b 3.b FNAL PRODUCTS ) CONSUMER GOODS , EQUPMENT, TOTAL ) o NTEH DATE PRODUCTS ) ) 2b MATERALS )4., _ i CONSUMER GOODS ) b ! J DURABLE CONSUMER GOODS Automotive products J Autos and trucks,consumer) Autos, consumer Trucks, consumer Auto parts & allied gds Home goods Appliances,TV & air-cond A Appliances and TV j Carpeting & furniture Misc. home goods J NONDURABLE CONSUMER GOODS! Clothing Consumer staples Consumer foods & tobacco j Nonfood staples j! Consumer chem. products j Consumer paper products Consumer energy Consumer fuel Residential utilities j QUPMLNT, TOTAL j A BUSNESS & DEFENSE EQUP. 8.0) 39. o 44,. BUSNESS EQUPHENT j ).9. Constr, mining, & farm i 2.08) bh.b Oi69.5 Manufacturing equipment Power equipment j, Commercial equipment! 5.22] Transit equipment DEFENSE & SPACE EQUPMENT J 3.b J.5 NTERMEDATE PRODUCTS Construction supplies Business supplies Gen. business supplies Commercial energy prod. NONDURABLE GOODS MATERALS! Textile,paper,&chem.mater. Textile materials J Pulp & paper materials j Chemical materials j Misc. nondurable materiails ) ) b ) b)8..7) 97.8) 99.3 A ) 98.2) ) b ) , , MATERALS 42.28) 4.6)4.2 J DURABLE GOODS MATERALS J Consumer durable parts Equipment parts Durable materials nec A o u o08.7 Basic metal materials! 4..64) 86.4) ) b , , , ) ) 97., b :) o a o3.j , os.7 3, ).6) ) 37.2) 38.2) ) J ) ) 24.5j 00.9) lb ) 4.7) ) 4. ) 23.4) 99.8) ) ) 0.6) ) o U00. o o o ENERGY MATERALS 0.5) 0UJ.9 Primary energy 04. l 07.0 Converted fuel materials A o-0l 98. 0) ob lo o o s u 3.b J 28. 0o U J 4.9 b o s ) l : o :)!. 3 i5/ us.f , , d a 3.5 us. u ob.t) JO a.4u i'. 0 0ld.o b b b o z o

4 Table B NDUSTRAL PRODUCTON: MARKET GROUPNGS Not seasonally adjusted, 977= 00 i 977 ) 984) Major Market Pro- Ann.) Groupings por- j Avg.) OCT NOV DEC JAN FEB MAR APR AAY JUN JUL AUG SEP OCT tion TOTAL NDEX 00,00) c2.2 z PRODUCTS, TOTAL ) e FNAL PRODUCTS ) CONSUMER GOODS d.6 3.) d 27. EQUPMENT, TOTAL o NTErMEDATE PRODUCTS / MATERALS ; z CONSUMER GOODS o.8 2. DURABLE CONSUMER GOODS Automotive products o o b Autos and trucks,consumer) d9.6) Autos, consumer ) o Trucks, consumer Auto parts & allied gds ) Home goods u lu0.o Appliances,TV & air-coud ) Appliances and TV.9) os.u Carpeting & furniture l ) z0., i u misc. home goods j l NONDURABLE CONSUMER GOODS zo.z Clothing 3.34) ) b 02.2 Consumer staples Consumer foods & tobacco ) o Nonfood staples ) o Consumer chem. products ) o o Consumer paper products ) i ) u Consumer energy Consumer fuel ).44) 89.3) ) o Residential utilities EQUPeMENT, TOTAL ) _ l5z.6 u.7 BUSNESS 4 DEFENSE EQUP. J / BUSNeSS EQUPMENT 4, ) Constr, mining, & farm ) b o , 66.4 Manufacturing equipment >.9 5.E 4.3 Power equipment.27) 79.2) ol.3j.0 o b 84.0 Commercial equipment 5, / b./ Transit equipment o) ) 03.6o ' DEFENSE 6 SPACE EQUPMENT oj ).0 lo6.2 log / / n NTERMEDATE PRODUCTS 2., 9 4)24. 9 ) Z.4) 9.u b i.6 Construction supplies 5, )8..9 u.3 0., Business supplies z b.o z Gen. business supplies ) 5.67) b ) b Commercial energy prod j0.0 l, ,ATERALS 42.28) ) u DURAaLE GOODS MATERALS ) b Consumer durable parts y ) b 9.2 Equipment parts u J :6.y 59.9 s Durable materials nec u Basic metal materials j 4.b u 6.7 8z.0 i NONDURABLE GOODS MATERALS ) ) ) 0b l0o Textile,paper,6chem.mater.) Uu.b Textile materials.52) Pulp G paler materials ) ) o z z 23., 23.u Chemical materials ) 4.46) ) , Misc. uondurable materials u ENERGY MAT-RALS o o Primary energy ) ljso 04.6) u Converted fuel materials ) ) b s.u / ~~~J

5 Table 2A NDUSTRAL PRODUCTON: NDUSTRY GROUPNGS Seasonally adjusted, 977= 00 Major ndustry Groupings Pro-) Ann.) 984 SC ) por-j Avg. OCT Code tioal i rr NOV 985 DEC ) JAN FEB MAR APR MAY JUN JUL AUG SEP OCT - MNNG AND UTLTES MNNG ) d b b UTLTES i MANUFACTURNG ) o.0 lz b46.7 2b NONDURABLE b 27.0 DURABLE _-_ MNNG Metal mininy 0., ) b9.3) Coal,2) ) b ) b Oil & gas extraction ) b lub Stone & earth minerals 4).6b6) ) b.b l NONDURABLe MANUFACTURES ) Foods b ) Tobacco products Textile mill products ) Apparel products 23) ) ) Paper z products )27.3) ! til i Printing 6ublishing & Chemicals 6 products 28) ) b Petroleum products ) b ) Rubber & plastics prod. 30) 2.80)43.2) o.6b 46.6) Leather & products 3).53) ) b DURABLE MANUFACTURES )! Luwber 6 products ) ) Furniture & fixtures l Clay, glass, stone prod ) ) Primary metals 33) ) B ron & steel 33, ) b o Fabricated metal trod. 34) 6.46)02.8) b b Nonelectrical machinery 35 9., b.o Electrical machinery 3b) ) ) lo Transportation equip, 37) b Motor vehicles 6 pts. 37) ) U Aerospace & misc ,9) ) nstruments Miscellaneous mfrs..9).,46) 98.U0) ) UTLTES ) ) ) Electric a., b _ Table 3A NDUSTRAL PRODUCTON: PERCENT CHANGES Based on seasonally adjusted indexes Series OCT NOV DEC JAN FEab MA AP MAY JUN JUL AUG SEP OCT{ _ ----! i J CHANGE FROM PREVOUS MONTH! TOTAL NDEX ) U u ) Final products ) Consumer goods ) Durable consumer goods ) ) u) Nondurable consumer goods.2.6.ji Business equipment ) ul ) Construction supplies j ) Materials Durable goods materials ) u ) Nondurable goods materials ).2., i Manufacturing ) ) ) Durable manutacturing Nondurable manufacturing J Mining and utilities -3.o , t ) - l! CHANGE FROM SAME MONTH A YEAR EA Lira( TOTAL NDEX ) dJ , o Final products ) ) ) Consumer goods ) ) ) Durable consumer goods ) ) Nonourable consumer goods ) ) J ) Business eguipment ) ) Construction Supplies j ) ) Materials ) ) ) Durable goods materials ) ) ) Nondurable goods materials )..6.5) ) Manufacturing ) ) ) Durable manufacturing ) Nondurable manufacturing ) ) ) Mining and utilities ) ) ) 6 6

6 Table 2B NDUSTRAL PRODUCTON: NDUSTRY GROUPNGS Not seasonally adjusted, 977= 00 i ) 984 Major ndustry Pro-) Ann.) 984 ) 985 Groupings SC por- Avg.) OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT Code tionj l MNNG AND UTLTES ) b MNNG ) UTLTES ) HANUFACTURNG NONDURABLE 35..J DURABLE )49.0)24.8) ) ! MNNG Metal mining 0) Coal,2) b Oil 6& gas extraction 3) Stone & earth minerals 4).bo NONDURALE MANUFACTURES Foods G Tobacco products Textile mill proaucts 22) ) Apparel products 23) 2.79) ) Paper 6 products z26) i Printing 6 puolishing 27) ) o3.4 Chemicals 6 products 28) o.7 30.b Petroleum products 29) 2., ) Rubber 6 plastics prod ) Leather & products 3).53) 70.7) ) DURABLE MANUFACTURES ) ) ) Lumber & products 24) 2.30)09.) Furniture 6 fixtures 25z) Clay, glass, stone prod. 32) 2.72)2.3) 9.5 i ) Primary metals ) ) ron & steel 33,2) 3.49) b o2.0) 6b Fabricated metal prod. 34) ) u Nonelectrical machinery ) ; o. 5.5 Electrical machinery 36) ) 84.5 i i b Transportation equip ) Motor vehicles & pts o) Aerospace & misc , o nstruments 38) Miscellaneous mfrs ! UTLTES Electric ) 4, b ) b Table 3B NDUSTRAL PRODUCTON: HSTORCAL DATA Seasonally adjusted, 977 = 00 YEAR JAN FEB MAR APR MAY JUNE JULY AUG SEPT OCT NOV DEC ANNUAL NDEX CHANGE* y s b b , , ( o l0o b *CHANGE S THE PERCENT CHANGE FROM THE PRECEEDNG LKE PEROD o /

7 Table 4A NDUSTRAL PRODUCTON: NDUSTRY SUBTOTALS AND NDVDUAL SERES Seasonally adjusted, 977= ) 984 Series Pro- Ann.) 984 SC por- Avg.) SEP Code ) tion) METAL MNNG ron ore 0.5) Nonferrous ores 02-6,8,9 Copper ore 02) Lead and zinc ores 03) Gold and silver ores 04) Ferroalloy ores 06) ANTHRACTE ) BTUMNOUS 2) OL AND GAS EXTRPACTON 3 Crude oil B natural gas 3 Crude oil, total Texas crude Alaska,Calit.crude La. and other crude Natural gas Natural gas liquids 32 Propane ) Liquefied,etroleu2 Oil & gas well drilling 38 FOODS 20) Meat product 20 Beef Pork Poultry Misc. meats Dairy products { 202) Butter 202) Cheese 2u22) Conceatrated milk i023 Frozea desserts 4024) Canned and trozen food 203) Grain mill,roducts 204 Flour 204 Bakery products 05) A Beverages 208) Beer and ale 2062,3) Wine and brandy 2084) Soft drinks 2086,7 Liquor 2085) Fats and oils 207{ Coftee & misc.zoods 09) TOBACCO PRODUCTS 2) Cigarettes 2 Cigars 22 TEXTLE MLL PRODUCTS 22) Fabrics 22-4) Cotton fabrics 22 Man-made fabrics 222) Knit goods 225) tos.iery 225,2) Knit garments 2253,4,7-9) Fabric finishing 226) Carpeting 227 Yarns S misc, text. 228,9 APPAREL PRODUCTS 23) LUMBEiR AND PAODUCTS 24) Logging and lumber 24,2 Lumer products 243-5,9) Millwork 6 plywood 243) Manufactured homes 245 FURNTURE AND FXTURES 25) Household turniture 25 Fixt.,office furn. 252,4,9 PAPER AND PRODUCTS 26) Pulp and parer 26-3 Wood pulp 26 Paper 262 PaLerboard 203 Converted paper rod. 204 Paperboard containers.,o t t,) ) 78.6) ) b , ) , ) ) ) ) 93, l l.80) 8.6)7.b ) 39. 3) ) 27. ) ).4.00) ) 26.6) b )43.!.62) n a ) ) ) ) ) , O ) ) ,.3 UCT NOV DEC! 7s ) b t ) 97. 9o.o 9o ) ) b 72.5 z. 2d u o )u.6 2.E b) b b o ) u ) ),3.d ) )9.2 6./ 20.8) ) U /.4) )4 6J0.0.,5 8.3) , d 8b.3 do.7) 6. d o d ) 0b u , ) d ) ,.0) 6.u 7..5) ) 27.,t ) ) ) Z. d ) n 985 JAN FEB MAR APR MAY JN JUL AUG SEP o L ,4, Z.o no o 7d b O0b o J / o o U o , y/.0 5.J u 0., b b. U bd b o d / u Ud. b z ln yj. 95. / u U / / u l] za / z L.0 0o W:l lls / b uu. 00.o, Vb. 87..:) 0.4 J.> v. n / t y a J ll..b o. z i00. 2 y d / U ) e 60.9 b b j , U L- U /. /n oo. 6z. 0 J / 00.6 o.i 48J.. E 3..o / t o 29. u d / leo. u b : b i) b u n i ) U b o b Note: Seasonally adjusted industry totals are not aggregated from the seasonali adjusted comtonents, but result from indepeudent seasonal adjustment of the aggregated not seasonally ajustu component ;.

8 Table 4B NDUSTRAL PRODUCTON: NDUSTRY SUBTOTALS AND NDVDUAL SERES Not seasonally adjusted, 977= 00 Series Pro- Aan.) SC i por- Avg. SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG Code ) tionj SEP METAL MNNG ron ore o Nonferrous ores 02-6,8,9) b Copper ore b Lead and zinc ores o Gold and silver ores Ferroalloy ores 06., o 2.8! ANTHRACTE )5.7 BTUMNOUS i J OL AND GAS EXTRACTON Crude oil 6 natural gas Crude oil, total b. i Texas crude j Alaska,Calit.crude., La. and other crude Natural gas i Natural gas liquids Propane j Liquefied petroleum Oil & gas well drilling o d84..3 FOODS J6.6 3o Meat products 20) Beef,, ) Pork b Poultry b34.2 Misc. meats Dairy products j lj6.4 Butter Cheese Concentrated milk Frozen desserts i Canned and zrozen food Grain mil.roducts Flour S Bakery products ' Beverages Beer and ale 2082,3) Wine and brandy Soft drinks 086, o Liquor i Fats and oils Coffee & misc.foods 209., TOBACCO PRODUCTS Cigarettes Cigars d TEXTLe 'LL PRODUCTS 2z.l J Fabrics Cotton fabrics Man-made fabrics ) Knit goods Hosiery 225, Knit garments 2253,4,7-9., Fabric finishing Carpeting Yarns & misc. text. 226, APPAREL PLODUCTS LUM3ER AND PRODUCTS 24) Logging and lumber 24,2.05) Lumber products 243-5, T Millwork & plywood d 3.6 Manufactured homes b FURNTURE AND FXTUEES k 40.4 Household furniture Fixt.,orfice turn. 25,4, l S o b d8.0 b d o b b a b , b o b J2.o / b U b b ) bz b o , o b v PAPER AND PRODUCTS 26b Pulp and pater 26-J Wood pulp J Paper Paperboard o 9. Converted raper prod o Paperboard containers h b - 7.8) / d b Note: Seasonaily adjusted industry totals are not aggregated from the seasonally adjusted components, but result from independent seasonal adjustment of the aggregated not seasonally adjusted components.

9 Table 4A-continued NDUSTRAL PRODUCTON: NDUSTRY SUBTOTALS AND NDVDUAL SERES Seasonally adjusted, 977= Pro- Ann Series SC por-j Avg.) SEP OCT NOV DEC JAN FLB MAR APR MAY JUN JUL AUG SEP Code 3 tionl PRNTNG & PUBLSHNG Newspapers Period.,books,cards 272,3, Job printing 274-6,8, o o CHEMCALS & PRODUCTS o Chemicals & syn. mat.28,2, do.0 d Basic chemicals Alkalies & chlorine ndustrial Gases / norganic pigments norganic chem, nec s Acids & other chem / 9b b / / 93.4 Synthetic materials Plastics materials Synthetic rubber U Man-made fibers 2823, b b ndust. organic chem Chemical products 283-5, Drugs & medicines Soap L toiletries b.o o / Paints J o Agricultural chemicals PETROLEUM PRODUCTS / Petroleum refining 29, db do Automotive gasoline Distillate fuel oil Residual fuel oil U n.b Aviation fuel & keros Ub06.5.U ob Misc. petroleum prod Refinery fuel, nec b o Refinery nonfuel mat ) b d Refinery products, nec b RUBBER & PLASTCS PROD U 49. Tires 30..b o 2.9 Rub.prod.ex.tires 302-4, Plastics products, nec o7. b o o5.6 6o LEATHER AND PRODUCTS Pers. leather gds 33,5-7,9.b d.Z 89.6 Shoes ) o.9 4. O CLAY,GLASS 8 STONE PROD ) 2.o b o. ] Pressed & blown glass Glass containers Cement Structural clay prod Brick db U 8.2 9t.b Clay sever pipe U 3.9 J Clay tile 3253, Concrete and misc PRMARY METALS ron and steel 33, o5.4 6b.b o 70.6 Basic st. & mill prod Basic iron and steel ol S b b Pig iron b b Naw steel i Steel mill products b Consumer dur. steel b b Equipment steel Construction steel o b Can 8 closure steel o o Misc. steel ' ron 8 steel foundries nl u u Nonferrous metals 333-6, s 9n Primary nonf. metals Copper Aluminum 3334) Secondary nonf. mtls Nonferrous products 335, Nonf. mill products Copper mill prod d Alum. mill prod Construction Misc. alum. mats , a Nonferrous foundries Note: Seasonally adjusted industry totals are not a~gregated trom the seasonally adjusted components, but result from independent seasonal adjustment or the aggregated not seasonally adjusted components. 0

10 Table 4B-continued NDUSTRAL PRODUCTON: NDUSTRY SUBTOTALS AND NDVDUAL SERES Not seasonally adjusted, 977= 00 i i Pro- Ann Series SC por- Avg. SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP Code tionj PRNTNG PUBLSHNG y b Newspapers ) Period.,books,cards 272,3,7.24) Job printing 274-6,8, ) n CHEMCALS 6 PRODUcTS J Chemicals s.yn. mat.28,2, ) Basic chemicals ) Alkalies & chlorine ) ndustrial Gases 283).,04.8) norganic pigments 286) l norganic chem, nec 289).62) Acids & other chem..40) 96.') Synthetic materials 282) ) Plastics materials uo 7.9) Synthetic rubber 2822).08)07.6) Man-made fibers 2823, ) ndust. organic chem. 286) ) b Chemical products 283-5,9 J Drugs 8 medicines 283) ) Soap 6 toile.tries 284) o , Paints Agricultural chemicals s07.54) 98.2) l PETROLEUM PR8ODUCS 29) d Petroleum retining 29, Automotive gasoline i.96) ) b Distillate fuel oil J.43) Residual tuel oil.5 5.0) ) Aviation fuel 6 keros..8lob. ) Misc. petroleum prod..48) ) Refinery ruel, nec.0905.) Relinery nonfuel mat...26 b.0) J Refinery products, nec / RUE3R 6 PLASTCS PROD. 30) Tires Jul) o Rub.proa.ex.tires 302-4,6.57.3) Plastics products, nec ) ) / l l LEATHER AND PRODUCTS 3) , l Pers. leather gds 33,5-7,9.6) ) Shoes b.u 56.5) b CLAY,GLASS & STONs PROD. 32.,722.3) ) Pressed 6 blown glass ) ) Glass containers 322) ) z Cement 324) b '29. Structural clay prod. 325) ) b Brick 35.07) Clay sewer pipe 3259) Clay tile 3253, Jo Concrete and misc. 32b PRMARY MxTALS ) 82.4) ) ron and steel 33,2 3., b Basic st. & mill prod ) i Basic iron and steel.,.) 67.3) ) Pig iron.,42) o Raw steel ) J Steel mill products ) ) Consumer our, steel ) Lyuipment steel.36) ) Construction steel.,9) Can 8 closure steel.0) Misc. steel, ) J ron & steel foundries n6.7) a 50.6) 57. b O.U ns.5 o t Nonferrous metals 333-6,9).85) 99.3) ) s 04. 0J Primarp nonf. metals 3a3).5) 94.6) ) Copper 333).3) 90.2) o Aluminum ) 97., ) u/ Secondary nonf. atls. 334.) 7.3) n.0 o Nonrerrous products 335,6) Z ) Nonf. mill products ) Copper mill prod. 335) ,, ) Alum. mill prod ) Construction ) Misc. alum. mats..,23) ) Nonferrous foundries 33n.28) , Note: Seasonally adjusted industry totals are not aggregated from the seasonally adjusted components, nut result trom independent seasonal aujustment of the aggregatee not seasonally adjusted components.

11 Table 4A-continued NDUSTRAL PRODUCTON: NDUSTRY SUBTOTALS AND NDVDUAL SERES Seasonally adjusted, 977= 00 Series FABRCATED METAL PRODUCTS 34 Metal containers 34 Hardware,tools,cutlery 342 Structural metal prod. 344 Fasteners, stamp, etc NONELECTRCAL MACHNERY 35 & Engine Construct. farm equip. & allied 35,2 eq. j53 Metalvorking machinery 354 Spec. & genl. ind. eq. 355,6 Office, serv, & alsc ELECTRCAL MACHNERY j Major elect. eq.& pts 36,2 Household appliances 363 Cooking equipment 363 Refrigeration appl Laundry appliances 3033 Misc. appliances 3634-b,9 TV and radio sets 365 Communication equipment 36ob Electronic components 367 TV tubes Misc. electrical supp. 369 Storage battery,repl. 369 TRANSPORTATON EQUPMENT 37 Motor vehicles & parts 37 Autos, total Consumer BusinessJ Trucks and busesj Business vehicles Consumer trucks Truck trailers Motor vehicle parts Aircraft and parts 37j Ships and boats 373 Rail & aisc trans eq.374-6,9 Railroad equipment 374 NSTRUMENTS 38 Equipment instr.& pts 38-4 MSC. MANUFACTUR S 39 Misc. cons. goods 39,3,4,6 Misc. bus. supplies 395,9 ELECTRC UTLTES 49 Elec. util. generation Fossii fuel generation j Hydro 6 nuclear gener Pro- Ann. 984 SC ipor- Avg. SEP OCT Code tion a a Elec. util. sales Residential elec Nonresidential elec ndustrial elec )09.6 Commercial & other elec. j j T x ) , b b i l.46) lo.b d /. " 02.4 i, o.0 lbb dj 20.4 U0s b b U b U o. 38.b NOY DEC JAN lu b Uo u nl b t b { d b FEB MAR APP iay JUN JUL AUG SEP b ( OU z lc U o7. 0.0u, J l.at u j 20. 0o b o u b b uob b d u ii b d Ab.o , o j ) b o u o o Note: Seasonally adjusted industry totals are not aggregated from the seasonaily adjustea colponeuts, but result from independent seasonal adjustment of the aggregated not seasonally aagusteu components. 2

12 Table 4B-continued NDUSTRAL PRODUCTON: NDUSTRY SUBTOTALS AND NDVDUAL SERES Not seasonally adjusted, 977= 00 i t Series Pro- 3Ann SC por- JAvg. SEP OCT NOV DEC 3 JAN FEB MAR APR MAY JUN JUL AUG SEP Code tion i FABRCATED METAL PRODUCTS U Metal containers 34, n Hardware,tools,cutlery Structural metal prod Fasteners, stamp, etc NONELECTRCAL MACHNERY Engine & farm equip. 35, bb b Construct. 6 allied eq. 353, i l Metalworking machinery Spec. & genl. ind. eg. 355,b Office, serv, & misc b ELECTRCAL MACHNERY 36 Major elect. eq.& pts 36,2 Household appliances 363 Cooking equipment 363 i Refrigeration appl Laundry appliances Misc. appliances ,9 TV and radio sets 365 Communication equipment 366 Electronic components 367 TV tubes Misc. electrical supp. 369 Storage battery,repl. 369 EANSPOiTATON EQOPMENT 37 Motor vehicles & parts 37 Autos, total Consumer Business Trucks and buses Business vehicles Consumer trucks Truck trailers Motor vehicle parts Aircraft and parts 372 Ships and boats 373 Rail S misc trans eq.374-b,9 Railroad eiuipment 3743 NSTRUMENTS 38 Equijment instr.& pts 38-4 MSC. ANUFACTUORES 39 Misc. cons. goods 39,3,4,6 Misc. bus. supplies 395,9 ELECTdC ULTES3 49 Elec. util. generation Fossil fuel generation Hydro & nuclear gener. 3 Elec. util. sales Residential elec. Nonresidential elec. ndustrial elec. Commercial 6 other elec. l l b o , b z S , b06.0 Ub n b , , b.Y _ - - _ j n o o o b j b b Note: Seasonally adjusted industry totals are not aggregated from the seasonally adjusted components, but result from independent seasonal adjustment or the aggregated not seasonally adjusted components. 3

13 Table 5 NDUSTRAL PRODUCTON: NDEXES; 977 = 00 Quarterly averages, seasonally adjusted Quarterly Averages Sof M onthly ndexes SERES Q2 Q3 Q4 0 Q2 Q3 Q4 g Q2 Q3 - _- -_- _ - -._ - ndustrial production ) ) Products, total.6 o d Final products ) Consumer goods Durable consumer goods b Automotive products b Home goods Nondurable consumer goods 2. J ) Equipment, total Business & defense equipment : Business equipment n 42.4 Defense and space equipment b o o 75.6 ntermediate products J b Construction supplies ) ) b Business supplies Commercial energy products Materials Durable goods materials ) 9.o ) 23.b Basic metal materials ) u Nondurable goods materials U Textile, paper, & chem materials ) ) Textile materials J s) 9.3 9:.5 Pulp and paper materials ) ) Chemical materials o ) o Energj materials ) ) _. - _.) !_ _-_- - Manufacturing ) o 2o.0 2o.b 27.7 Durable ) Nondurable 2. o ) J J Mining and Utilities Mining ) Utilities ) _ J _ Table 6 NDUSTRAL PRODUCTON: GROSS VALUE OF PRODUCTS Billions of 972 dolars at annual rates, seasonally adjusted A billions of 972 Dollars at Annual Rates S J! 984 Quarters months J 972 Ann SERES Dollars) Avg Q4 Q2 Q3 AYX JUN JUL AUG SHP OCT Products, total ---- _-_-_J_----- )i57.5) / ) Final products 405.7) ys e.Z Consumer goods 272.7) ) J Durable consumer goods Automotive products Home goods ' Nondurable consumer goods 99.4) o e l Equipment, total ) / Business 6 defense equipment) d d dusiness equipment Defense and space equipment 26.3) ntermediate products.9 5.8) Construction supplies 54.4) b. 6e o Business supplies ) Commercial energy products 2.) 5.) lo.2 s )

14 ...._._..._-.-..,. f _,_..._._- -_- Table 7 NDUSTRAL PRODUCTON: DFFUSON NDEXES Percent of component series higher than in earlier months ONE MONTH EARLER AVERAGE HGH LOW 983 SEPTEMBER THREE HONTHS EARLER SX MONTHS EARLER OCTOBER NOVEMBER DECEMBER _4_ JANUARY FEBRUARY MARCH APRklL MAY JUNE 60b b JULY AUGUST SEPTEMBER OCT0BEL' NOVEMBER DECEMBER JANUARY FEBRUARY MARCH APRL MAY JUNE JULY AUGUST SEPTEMBER NOTE: THE DFFUSOR NDEXES SHOW THE PEPCEST OF THE NDUSTRAL PRODUCTON NDEXES 252 SEASONALLY ADJUSTED COMPONENT SERES THAT N THE MONTH NDCATED WERE HGHER THAN THEY WERE ONE MONTH EARLER, THREE MONTHS EARLER, AND SX MONTHS EARLER. N CALCULATNG THE DFFUSON NDEXES HALF OF THE UNCHANGED COMPONENTS ARE COUNTED AS BENG HGHER AND NO ALLOWANCE S MADE FOR THE RELATVE MPORTANCE OF THE NDVDUAL COMPONENTS N TOTAL NDUSTRAL PRODUCTON. DFFUSON NDEXES BASED ON CHANGES OVER A SlX-MONTH PEROD GENERALLY SHOW HORE PRONOUNCED CYCLCAL PATTERNS THAN DFFUSON NDEXES BASED ON CHANGES OVER SHORTER PERODS. Table 8 AUTO ASSEMBLES AT ANNUAL RATES Seasonally adjusted _._ i 984 Millions of Units Autos, total Ann. Avg. 984 OCT NOV DEC 985 JAN Ed EAR APR SAY JUN JUL AUG SEP OCT ! S

15 Table 9A ELECTRC POWER USE BY NDUSTRES Seasonally adjusted indexes, 977 = 00 ndexes e- en ec-a-e -frog ndexes!year... 2_ &v_ous_uartel... a_._ 977 SC (bil eris odelkwl-aza _ Q.-.-- ' _ ---Q U J AUG SEP TOTAL 0-4, MAJOR NDUSTRY DVSONS MNNG! MANUFACTURNG DURABLE 24,25,32-39 NONDURABLS 20-23,26-3 NDUSTRY GROUPS AND SERES METAL MNNG 0 ron ore 0 Copper ore 02 COAL,2 OL AND GAS EXTRACTON 3 Crude oil and natural gas 3 Natural gas liquids 32 STONE AND EARTH MNERALS 4 Crushed stone 42 Sand and gravel 44 Chemical 6fertilizer & mat. 47 FOODS 20 Neat products 20 Dairy products 202 Canned and frozen foods 203 Grain mill products 204 Bakery products 205 Sugar and confectionery 206 Fats and oils 207 Beverages 208 Misc. food preparations 209 TOBACCO PRODUCTS 2 TEXTLE MLL PRODUCTS 22 Fabrics 22-4 Knit goods 225 Fabric finishing 226 Yarn and thread 228 liscellaneous textiles 229 APPAREL PRODUCTS 23 Men's outerwear 23,2 Women's outerwear 233 LUMBER AND PRODUCTS 24 Lumber 242 Millwork and plywood 243 FURNTURE AND FXTURES 25 Home furniture 25 PAPER AND PRODUCTS 26 Wood pulp 26 Paper 262 Paperboard 263 Converted paper 264 Paperboard containers 265 Building paper and board 266 PRNTNG AND PUBLSHNG 27 Newspapers 27 Commercial Printing J U ) CHEMCALS AND PRODUCTS 28 b Basic chemicals Alkalies and chlorine norganic chemicals,nec Acid and fertilizer mat Nuclear mats., nondetense Synthetic materials Plastics materials Drugs Soaps and toiletries ndustrial organic chem Farm chemicals L L J L b b b. b b b i ! { b i i b.0 b S o o _5.7 2.J o d b. J lo H , ! J A

16 Table 9B ELECTRC POWER USE BY NDUSTRES Not seasonally adjusted, 977= Series 977 SC (bil. 984 ) 984 code) _KNL -i ndexes. Percentage cga_.ef tro3 a~&xe year) relr gus_guar ter _as. -R 985 i ! 985 SEP f TOTAL 0-4,20-39) MAJOR NDUSTRY DVSONS MNNG MANUFACTURNG ) DURABLE 24,25,32-39) NONDURABLE 20-23, NDUSTRY GROUPS AND SERES )! METAL MNNG 0) 5. ron ore 0) 6. Copper ore COAL,2) 0.3) ) OL AND GAS EXTRACTON 3) 23.0) Crude oil and natural gas 3) 8.2) Natural gas liquids STUONE AND EARTH HNERALS 4.0) Crushed stone Sand and gravel 44) 2.0 Chemical 6 fertilizer mat. 47) ) ) ) FOODS 20) Meat products ) Dairy products Canned and frozen foods 203) Grain mill products ) ) ) ) ) ) ) ) 2b ) -.2) ) ) ) ) i ) ) ) ) ) ) o ) ) Bakery products Sugar and confectionery Fats and oils Beverages Misc. food preparations TOBACCO PRODUCTS ) 3.9 TEXTLE MLL PRODUCTS ) n Fabrics Knit goods ) 88. Fabric finishing ) 6.0 Yarn and thread Miscellaneous textiles ) 88.4) ) ) 75.5) lob ) ) ) ) ) ) b APPAREL PRODUCTS Men's outerwear 23,2 2. Wome n's outerwear 233).9) LUMBER AND PRODUCTS Lumber Millwork and plywood ) FURNTURE AND FXTURES Home furnhiture ) ) ) j 22.4) 6. 9) ) b ) ) o ) ) PAPEF AND PRODUCTS 26.9 Wood pulp Paper ) Paperboard ) ) ) -U.4) Converted paper Paperboard containers 2E5 3.4 Building paper and board ) ) ) z PRNTNG AND PUBLSHNG 27) 0.6 Newspapers Commercial Printing CHEMCALS AND PRODUCTS Basic chemicals 28) 85.6 Alkalies and chlorine ) norganic chemicals,nec Acid and fertilizer' mat. 3.0 Nuclear mats., nondetense 44.6) Synthetic materials 282) 9.3) Plastics materials ) Drugs 283) 4. Soaps and toiletries 284) 2. ndustrial organic chem. 286) 35.8) Fare chemicals 287) 0.5) i ) o ) y ) ) ) 9. b 06.8) ) b3.3) ) 28.0) ) 92.5) 98.9) b o b ) ) ) ) ) ) ) ) ) ) ) ) ) 2.4) ) 4.8) ) ) -7.0) ) l a A

17 Table 9A-continued ELECTRC POWER USE BY NDUSTRES Seasonally adjusted indexes, 977 = 00 ) S i P e...j...- g L _ e_... r. i gxes i! ) year... ee gn e._._2 l ) 55 SC (bil i 985 ( 985 -S---eries codel_)khl LA ? L _g.. 2.._ -_823_._A-_ _ s ) S S 5 5 PETROLEUM PRODUCTS RUBBER & PLASTCS PRODUCTS Tires 30) Rubber products, nec Plastics products, nec ) LEATHER AND PRODUCTS Shoes 34) ) CLAY, GLASS, AND STONE Flat glass ) Pressed and blown glass 322) Cement Structural clay products 325) Concrete products ) ) PRMARY METALS ) Basic steel and mill prod ron and steel foundries Primary ionferrous metals Aluminum Nonferrous foundries FABRCATED METAL PRODUCTS Metal cans ) 7.9) Hardware ) Structural metal products Fasteners 345).b ) Metal stampings o NONELECTRCAL MACHNERY ) Engines and turbines Farm equipment 352) Construction equipment ) Metalworking machinery 354) ) ) Special industry machinery ) General industrial mach ) Office and computing mach. 357) Service industry machinery 358) 2.8) ) ELECTRCAL MACHNERY Elect. distribution equip. 36) ).3) Elect. indust. apparatus Household appliances 363) ) Lighting and wiring prod ) 0.9) 0.u 02.2) Radio and TV sets ) ) Communication equipment 366b ) ) Electronic components 367) 6.0) 66.2 n TRANSPORTATON EQUPMENT 37) U Motor vehicles and parts ) b.6) J.o Aircraft and parts ) Ships and boats ) NSTRUMENTS ) ) 2.b Copiers and related equip ) MSCELLANEOUS MANUFACTURES ) m 2 S _ SUPPLEMENTARY GROUPNGS JJ S! S TOTAL, LESS NUCLEAR NONDEFENSE 740.7) 07.0) UTLTY SALES TO NDUSTRY ) NDUSTRAL GENERATON _-i--- Note- The electric power use data by industry, shown in billions of kilowatt hours for 977, are from the Census of Manufactures of that year and from other sources. They are provided for information and are not used as weights to compile the electric power use indexes. All index aggregations, with their detailed components, are calculated from the Kilowatt hour data collected in the Federal Reserve survey of electric power use by industry. The electric power total includes only those major divisions of industries--mining and manufacturing--for which data are collected in this Federal Reserve survey. The total does not include gas or electric utility kilowatt hour use. The supplementary grouping, "Total, less nondefense, nuclear" is shown separately because the nondefense nuclear materials series (part of SC 289) accounts for a disproportionally large part of total electric power use. Since the value added proportion for this industry is a considerably smaller part of total P than its share of total electric power use, excluding this component from total power use facilitates comparisons with total P. 8

18 Table 9B-continued ELECTRC POWER USE BY NDUSTRES Not seasonally adjusted, 977= 00!t! ndexes nepercenrtageceanero..._- ndexes! year! 5 - evious_[uat...ago 977 Series --- SC (bil code----k--h- - A--_ Q Q_ Q-- AUG SEP PETROLEUM PRODUCTS i RUBBER & PLASTCS PRODUCTS Tires Rubber products, nec Plastics products, nec LEATHER AND PRODUCTS Shoes CLAY, GLASS, AND STONE Flat glass Pressed and blown glass 322) Cement Structural clay products b Concrete products d d PRMAhY METALS i Basic steel and mill prod ron and steel foundries d Primary nonferrous metals Aluminum z.2-4.o Nonferrous foundries i5 5 FABRCATED METAL PRODUCTS Metal cans b.b Hardware Structural metal products 344.8) Fasteners b.9 0, Metal stampings b NONELECTRCAL MACHNERY Engines and turbines Farm equipment o Construction equipment J Metalworking machinery o Special industry machinery ) General industrial mach Office and computing mach b Service industry machinery u b.b ELECTRCAL MACHNERY d Elect. distribution equip Elect. indust. apparatus Household appliances Lighting and wiring prod Radio and TV sets Communication equipment ) Electronic components o TRANSPOURTATON EQUPMENT Motor vehicles and parts Aircraft and parts Ships and boats NSTRUMENTS Copiers and related equip MSCELLANEOUS MANUFACTURES b.b S S i SUPPLEMENTARY GROUPNGS 5!5!55 S l S TOTAL, LESS NUCLEAR NONDEFENSE b ! UTLTY SALES TO NDUSTRY NDUSTRAL GENERATON NDUSTRAL GENERATON , 9

19 Explanatory Note Coverage. The index is a measure of industrial production expressed as a percentage of output in a reference period (currently 977). The changes in the physical output of the nation's factories, mines, and electric and gas utilities are represented by 252 individual series in the index, covering 27 pertinent two-digit codes of the Standard n dustrial Classification (SC). For each indvidual series, index series relatives are calculated first and are then aggregated in the follow ing two ways: () market groupings, such as consumer goods, equip ment, intermediate products, and materials, from which the seasonally adjusted total index is derived (tables A and B), and (2) industry groupings, such as SC two-digit industries, and major aggregates of these groupings, such as durable and nondurable manufacturing, mining, and utilities (tables 2A and 2B). Market groupings. For purposes of analysis the individual industrial output series are grouped into materials, intermediate products, and final products; together, the latter two form the products category. Materials are industrial output requiring further processing within industry; intermediate products are expected to become inputs in nonindustrial sectors such as construction, farming, and services; and final products are assumed to enter final use as items of pri vate consumption, government use, or capital formation. Timing. A first estimate of output for a month is published about the 5th of the following month. This estimate may be revised in each of the next three months as new data become available. After the fourth month, indexes are not revised further until the time of an annual revision or a benchmark revision. The last three benchmark revisions were published in 97, 976, and 985. Such revisons are derived mainly from the quinquennial Census of Manufactures, the quinquennial Census of Mineral ndustries, and the Annual Survey of Manufactures, all prepared by the Bureau of the Census. Source data. The indexes of industrial production are constructed from monthly data of two types: () directly measured output in phys ical units; and (2) estimates of output derived from data on input, expressed in physical units, adjusted by conversion factors that re late these inputs to physical output. The data on directly measured physical product (pounds, yards, barrels, and the like) are obtained from reports of the Bureau of the Census, the Bureau of Mines, other government agencies, and trade associations. When suitable monthly data on physical product are unavailable, estimates of physical out put based on input data (kilowatt hours, production worker hours) are used. The hours worked by production workers are collected in the monthly establishment survey of the Bureau of Labor Statistics, while data on the kilowatt hours used in industry are collected from utilities and self-generators by the Federal Reserve Banks. The esti mates of input conversion are based mainly on historical relation ships that were derived from censuses and annual surveys and, when appropriate, on recent major developments. Seasonal adjustment. ndividual series are seasonally adjusted by the X- Method seasonal adjustment procedure that was devel oped by the Bureau of the Census and modified by the intervention analysis technique. The seasonal factors currently being used for individual series were derived from data through 983; those for major aggregates were based on data through 984. The individual series and the aggregate series are seasonally adjusted independently, and the factors for the aggregate series in the summary table and in tables and 2 are reviewed monthly. The seasonally adjusted total index is aggregated from the seasonally adjusted market groupings of the index and may not precisely equal an aggregation of the seasonally adjusted industry groupings. A simple aggregation of the seasonally adjusted individual series within groupings may not pre cisely equal the seasonally adjusted groupings, primarily because aggregates are adjusted independently. Weights. The total index and the various groupings of the compo nent series are currently aggregated on the basis of 977 value-added weights, which are shown in the first column of the index tables un der the heading proportions. Value-added weights for 972 are used for the period, while the 967 weights are used for the period. The weight years for earlier periods after World War are 963, 958, 954, and 947. The indexes for the various periods are linked to provide the continuous final results on the 977 comparison-based year. The gross-value-weighted product series are expressed in terms of 972 dollars. Formula. The symbolic expression for the total index () is q= 77 P 77 ( qt0= qp77 t 00, Y q 77 p 77 q where q is quantity, p is Census value added per unit of output, and t represents the tth period. Reliability. The median of the revisions in total industrial production, without regard to sign, between the first and fourth estimates is 0.3 percent: that is, in about half of the cases the absolute value of the revision from the first to the fourth estimate was less than 0.3 per cent. (This calculation used data for the period from January 972 to December 982.) Rounding. Changes shown for index components may not aggregate to changes for totals because of independent rounding. Literature. The Manual of the ndustrial Production ndex, 985, con tains a more detailed description, together with a history of the index, a glossary of terms, and a bibliography. The Manual is scheduled to be published in 986. Selected data on industrial production are also published monthly in the Financial and Business Statistics sec tion of the Federal Reserve Bulletin. 20