[Economic Indicators May, 1995]
[Page Number 17]
[From the U.S. Government Publishing Office, www.gpo.gov]



 
                    PRODUCTION AND BUSINESS ACTIVITY

INDUSTRIAL PRODUCTION AND CAPACITY UTILIZATION

Industrial production and capacity utilization fell in April.
  ______________________________________________________________________




  ______________________________________________________________________

                                                           [Monthly data seasonally adjusted]                                                           
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                         Total industrial             Industry production indexes, 1987=100                Capacity     
                                                            production      ---------------------------------------------------------  utilization rate,
                                                      ----------------------           Manufacturing                                      percent \1\   
                        Period                                     Percent  ----------------------------------                       -------------------
                                                         Index,     change                                       Mining    Utilities                    
                                                        1987=100  from year    Total     Durable   Nondurable                           Total   Manufac-
                                                                   earlier                                                            industry   turing 
--------------------------------------------------------------------------------------------------------------------------------------------------------
1985.................................................       94.4        1.7       91.6       91.8        91.5      109.0       99.5       80.3      79.5
1986.................................................       95.3         .9       94.3       93.9        94.9      101.0       96.3       79.2      79.1
1987.................................................      100.0        4.9      100.0      100.0       100.0      100.0      100.0       81.5      81.6
1988.................................................      104.4        4.4      104.7      106.6       102.3      101.3      105.0       83.7      83.6
1989.................................................      106.0        1.5      106.4      108.6       103.7      100.0      108.7       83.7      83.2
1990.................................................      106.0         .0      106.1      107.4       104.4      102.0      109.9       82.1      81.3
1991 ................................................      104.3       -1.7      103.9      104.2       103.6      100.2      112.3       79.2      78.0
1992 ................................................      107.6        3.2      108.0      109.3       106.5       98.9      111.9       80.2      79.2
1993.................................................      112.0        4.1      112.9      116.1       109.3       98.2      116.2       81.7      80.9
1994.................................................      118.1        5.4      119.7      125.5       113.3       99.8      118.1       84.0      83.4
                                                                                                                                                        
1994: Apr ...........................................      116.7        4.8      118.4      123.7       112.4      100.7      114.7       83.6      83.0
      May ...........................................      117.4        5.7      119.0      124.0       113.4      100.7      115.8       83.8      83.2
      June ..........................................      118.0        5.8      119.3      124.6       113.4      100.6      121.1       84.1      83.2
      July ..........................................      118.2        5.5      119.8      125.2       113.6      100.1      119.0       84.1      83.3
      Aug ...........................................      119.1        6.1      120.9      127.0       114.0      100.0      118.8       84.5      83.8
      Sept ..........................................      119.0        5.8      120.9      127.2       113.7      100.1      116.5       84.2      83.6
      Oct............................................      119.5        6.0      121.5      128.0       114.2       99.2      117.2       84.4      83.8
      Nov ...........................................      120.3        5.8      122.6      129.1       115.4       98.3      116.5       84.8      84.4
      Dec............................................      121.7        6.1      124.2      131.2       116.4      100.1      115.2       85.5      85.2
                                                                                                                                                        
1995: Jan r..........................................      122.0        6.4      124.5      131.6       116.5      100.0      116.5       85.5      85.2
      Feb r..........................................      122.0        5.5      124.2      131.5       116.1      100.6      118.3       85.2      84.7
      Mar r..........................................      121.6        4.3      124.0      131.4       115.8      100.0      115.5       84.7      84.3
      Apr p..........................................      121.1        3.8      123.3      130.3       115.6      100.2      117.3       84.1      83.5
--------------------------------------------------------------------------------------------------------------------------------------------------------

    \1\ Output as percent of 
capacity.
    Source: Board of Governors of 
the Federal Reserve System.