[Economic Indicators May, 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 April.
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                                                           [Monthly data seasonally adjusted]                                                           
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                                                    Total industrial production         Industry production indexes, 1987=100              Capacity     
                                                  ----------------------------------------------------------------------------------- utilization  rate,
                                                              Percent change\1\           Manufacturing                                   percent\2\    
                                                            ----------------------------------------------------                     -------------------
                      Period                        Index,     From                                                                                     
                                                   1987=100   preced-    From                                     Mining   Utilities    Total   Manufac-
                                                                ing      year      Total    Durable  Nondurable                       industry    turing
                                                               month    earlier                                                                         
--------------------------------------------------------------------------------------------------------------------------------------------------------
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
1995.............................................     121.9  ........       3.2     123.9     132.5      114.3       99.9     122.0      r83.8     r83.0
                                                                                                                                                        
1995:Apr.........................................     121.4      -0.4       3.9     123.5     131.6      114.6      100.6     118.8       84.0     r83.4
      May........................................     121.3        .0       3.2     123.2     131.1      114.4      100.5     122.1       83.7      82.8
      June.......................................     121.4        .1       2.8     123.3     131.5      114.3      101.0     121.0       83.5     r82.7
      July.......................................     121.5        .1       2.6     123.3     131.5      114.3      100.7     122.7       83.3     r82.4
      Aug........................................     122.7       1.0       3.2     124.2     133.2      114.3      100.0     128.8      r83.9     r82.7
      Sept.......................................     122.8        .1       3.1     124.9     134.4      114.4      100.0     122.7      r83.7      82.8
      Oct........................................     122.2       -.5       1.9     124.4     133.5      114.3       98.2     121.6      r83.0     r82.2
      Nov........................................     122.6        .3       1.7     124.5     134.3      113.7       98.3     125.4      r83.0     r82.0
      Dec........................................     122.8        .2       1.1     124.8     134.8      113.8       98.1     125.1      r82.9      81.9
                                                                                                                                                        
1996:Janr........................................     122.5       -.2        .6     124.5     134.9      113.1       97.1     125.6       82.4      81.4
      Febr.......................................     123.9       1.2       1.8     126.2     137.6      113.6       97.6     125.7       83.1      82.2
      Marr.......................................     123.4       -.5       1.2     125.1     135.8      113.4      100.3     126.5       82.5      81.2
      Aprp.......................................     124.5        .9       2.6     126.8     138.9      113.4       99.5     124.3       83.0      82.0
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    \1\Percent changes based on 
unrounded indexes.
    \2\Output as percent of 
capacity.
    Note.--Capacity utilization 
series revised beginning 1995.

    Source: Board of Governors of 
the Federal Reserve System.