[Economic Indicators June, 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 again in May.
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                                                           [Monthly data seasonally adjusted]                                                           
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                                                         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 
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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: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.............................................      122.0        6.4      124.5      131.6       116.5      100.0      116.5       85.5      85.2
      Febr...........................................      122.1        5.6      124.2      131.5       116.1      100.6      119.2       85.3      84.7
      Marr...........................................      121.9        4.5      124.1      131.5       115.7      100.0      119.1       84.9      84.3
      Aprr...........................................      121.2        3.9      123.3      130.7       115.0       99.8      119.7       84.2      83.5
      Mayp...........................................      120.9        3.1      123.0      130.3       114.8       98.8      120.4       83.7      83.0
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    \1\Output as percent of 
capacity.
    Source: Board of Governors of 
the Federal Reserve System.