[Economic Indicators March, 1998]
[Page Number 17]
[From the U.S. Government Publishing Office, www.gpo.gov]
PRODUCTION AND BUSINESS ACTIVITY
INDUSTRIAL PRODUCTION AND CAPACITY UTILIZATION
Industrial production was unchanged in February; capacity utilization
fell.
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[Monthly data seasonally adjusted]
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Total industrial production Industry production indexes, 1992=100 Capacity
----------------------------------------------------------------------------------- utilization rate,
Percent change \1\ Manufacturing percent \2\
---------------------------------------------------- -------------------
Period Index, From
1992=100 preced- From Mining Utilities Total Manufac-
ing year Total Durable Nondurable industry turing
month earlier
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1988............................................. 97.4 ........ 4.5 97.1 98.1 96.0 104.7 93.9 84.0 83.8
1989............................................. 99.1 ........ 1.8 99.0 100.5 97.3 103.2 97.1 84.1 83.6
1990............................................. 98.9 ........ -.2 98.5 99.0 97.9 104.8 98.3 82.3 81.4
1991............................................. 97.0 ........ -2.0 96.2 95.5 97.0 102.6 100.4 79.3 77.9
1992............................................. 100.0 ........ 3.1 100.0 100.0 100.0 100.0 100.0 80.2 79.4
1993............................................. 103.6 ........ 3.6 103.8 105.7 101.7 100.1 103.9 81.3 80.5
1994............................................. 109.2 ........ 5.4 110.0 114.4 105.2 102.6 105.3 83.1 82.5
1995............................................. 114.5 ........ 4.9 116.0 123.9 107.4 102.3 109.0 83.4 82.8
1996............................................. 118.5 ........ 3.5 120.2 131.7 108.0 103.9 112.5 82.4 81.4
1997 ............................................ 124.5 ........ 5.0 127.0 142.3 r111.1 r106.0 112.6 82.7 81.7
1997:Feb......................................... 122.1 0.6 4.6 124.4 137.8 110.4 106.0 110.3 82.6 81.7
Mar........................................ 122.5 .3 5.3 124.9 138.7 110.5 106.7 109.6 82.5 81.6
Apr........................................ 123.1 .5 4.7 125.4 139.5 110.8 105.5 112.5 82.6 81.6
May........................................ 123.3 .2 4.3 125.7 140.1 110.7 106.7 111.8 82.4 81.4
June....................................... 123.5 .2 3.9 126.1 141.2 110.5 105.7 110.9 82.3 81.3
July....................................... 124.5 .8 4.7 126.9 142.4 110.9 106.5 113.8 82.6 81.5
Aug........................................ 125.2 .6 5.0 127.9 144.3 111.0 106.3 113.0 82.8 81.8
Sept....................................... 125.6 .3 5.0 128.0 144.4 111.3 106.5 115.1 82.7 81.6
Oct ....................................... 126.5 .8 5.8 129.1 145.5 112.2 105.9 116.9 83.0 81.9
Nov r...................................... 127.5 .8 5.8 130.4 147.7 112.6 106.1 115.3 83.3 82.3
Dec r...................................... 127.9 .3 5.7 130.9 148.4 112.9 105.5 114.9 83.2 82.3
1998:Jan r....................................... 128.0 .1 5.6 131.3 148.8 113.4 107.1 111.3 83.0 82.2
Feb p...................................... 128.1 .0 4.9 131.3 148.9 113.2 106.8 112.3 82.7 81.8
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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.