[Economic Indicators March, 1996]
[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 rose in February.
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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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1986.................................................       95.3        0.9       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       -1.8      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
1995p................................................      121.9        3.2      123.9      132.5       114.3       99.9      121.7       83.7      82.9
                                                                                                                                                        
1995: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
      Aug............................................      122.7        3.2      124.2      133.2       114.3      100.0      128.8       83.8      82.6
      Sept...........................................      122.8        3.1      124.9      134.4       114.4      100.0      122.7       83.6      82.8
      Oct............................................      122.2        1.9      124.4      133.5       114.3       98.2      121.6       82.9      82.1
      Novr...........................................      122.6        1.7      124.5      134.3       113.7       98.3      125.4       82.9      81.9
      Decr...........................................      122.7        1.0      124.7      134.8       113.5       97.8      124.7       82.7      81.8
                                                                                                                                                        
1996:Janr............................................      122.1         .2      124.3      134.6       112.9       97.3      123.2       82.1      81.2
      Febp...........................................      123.7        1.6      126.1      137.2       113.8       98.8      121.8       82.9      82.1
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    \1\Output as percent of 
capacity.
    Source: Board of Governors of 
the Federal Reserve System.