[Economic Indicators June, 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 May.
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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       83.8      83.0
                                                                                                                                                        
1995:May.........................................     121.3       0.0      r3.3     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      82.7
      July.......................................     121.5        .1      r2.7     123.3     131.5      114.3      100.7     122.7       83.3      82.4
      Aug........................................     122.7       1.0       3.2     124.2     133.2      114.3      100.0     128.8       83.9      82.7
      Sept.......................................     122.8        .1      r3.2     124.9     134.4      114.4      100.0     122.7       83.7      82.8
      Oct........................................     122.2       -.5       1.9     124.4     133.5      114.3       98.2     121.6       83.0      82.2
      Nov........................................     122.6        .3       1.7     124.5     134.3      113.7       98.3     125.4       83.0      82.0
      Dec........................................     122.8        .2       1.1     124.8     134.8      113.8       98.1     125.1       82.9      81.9
                                                                                                                                                        
1996:Jan.........................................     122.5       -.2        .6     124.5     134.9      113.1       97.1     125.6       82.4      81.4
      Febr.......................................     124.2       1.3       2.0     126.2     137.5      113.8       98.0     126.6       83.3      82.3
      Marr.......................................     123.6       -.5       1.4     125.2     135.7      113.6      101.1     127.9       82.6      81.3
      Aprr.......................................     124.4        .7       2.5     126.5     138.6      113.2       99.8     125.6       82.9      81.9
      Mayp.......................................     125.3        .7       3.2     127.2     139.7      113.4       99.8     129.4       83.2      82.0
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    \1\Percent changes based on 
unrounded indexes.
    \2\Output as percent of 
capacity.

    Source: Board of Governors of 
the Federal Reserve System.