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



 
                    PRODUCTION AND BUSINESS ACTIVITY

Industrial production rose and capacity utilization fell in November.
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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.................................................      104.2       -1.7      103.8      104.1       103.4      100.2      112.3       79.2      78.0
1992.................................................      107.7        3.4      108.2      109.3       106.7       98.9      111.9       80.3      79.5
1993.................................................      111.5        3.5      112.3      115.6       108.6       98.0      116.3       81.4      80.6
1994.................................................      118.1        5.9      119.7      125.8       113.0      100.3      117.9       83.9      83.3
                                                                                                                                                        
1994:Nov.............................................      120.5        6.5      122.7      129.5       115.1       99.9      116.7       84.6      84.2
      Dec............................................      121.5        6.5      123.8      131.2       115.5      100.7      116.5       85.1      84.7
                                                                                                                                                        
1995:Jan.............................................      121.8        6.3      124.1      131.8       115.6      100.6      117.3       85.1      84.6
      Feb............................................      121.7        5.4      123.9      132.1       114.8      100.8      118.5       84.7      84.2
      Mar............................................      121.9        4.7      124.0      132.2       115.1      100.3      119.2       84.6      84.0
      Apr............................................      121.4        3.9      123.5      131.6       114.6      100.6      118.8       84.0      83.3
      May............................................      121.3        3.2      123.2      131.1       114.4      100.5      122.1       83.7      82.8
      June...........................................      121.4        2.8      123.3      131.5       114.3      101.0      121.0       83.5      82.6
      July...........................................      121.5        2.6      123.3      131.5       114.3      100.7      122.7       83.3      82.3
      Augr...........................................      122.7        3.2      124.2      133.2       114.3      100.0      128.8       83.8      82.6
      Septr..........................................      122.9        3.2      124.9      134.5       114.3      100.0      123.1       83.7      82.8
      Octr...........................................      122.5        2.2      124.7      133.8       114.5       98.9      122.5       83.2      82.3
      Novp...........................................      122.8        1.9      124.9      134.3       114.4       98.8      124.1       83.1      82.2
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    \1\Output as percent of 
capacity.
    Note.--Data for November 1995 
and prior monthly revisions not 
plotted in chart.

    Source: Board of Governors of 
the Federal Reserve System.