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John Sununu Cabinet Agencies Files
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Originally Processed With FOIA(s):
FOIA Number:
1998-0004-F[1]
S
FOIA
MARKER
This is not a textual record. This is used as an
administrative marker by the George Bush Presidential
Library Staff.
Record Group/Collection:
George H.W. Bush Presidential Records
Collection/Office of Origin:
Chief of Staff, White House Office of
Series:
Sununu, John, Files
Subseries:
Cabinet Agencies Files
OA/ID Number:
29186
Folder ID Number:
29186-006
Folder Title:
Boskin (CEA - 1989)
Stack:
Row:
Section:
Shelf:
Position:
G
15
25
6
3
j
THE CHAIRMAN OF THE
COUNCIL OF ECONOMIC ADVISERS
WASHINGTON
of
October 18, 1989
MEMORANDUM FOR GOV. JOHN H. SUNUNU
FROM:
MICHAEL J. BOSKIN mgs
RE:
Income Distribution and Economic Growth
One of the themes in the 1988 election was "the rich are
getting richer, the poor are getting poorer." I made some
calculations then which helped demonstrate the inaccuracy of
these changes. The family income data released with the
poverty data today can be used to analyze the change in the
average income of families in each of 5 income quintiles.
The income of each group grew at roughly twice the rate of
inflation. The percentage changes in the average (after
inflation) income for each group were remarkably similar and
none varied much from the economy's overall real growth rate
of 4 percent.
Comparison of the income distribution numbers from
this morning's release of 1988 income statistics
with the 1987 income distribution numbers:
FAMILY INCOME DISTRIBUTION
% Change Real
Average Income
Bottom Quintile
+4.3%
2nd Quintile
+3.4%
3rd Quintile
+3.1%
4th Quintile
+4.3%
Top Quintile
+5.0%
Withdrawal/Redaction Sheet
(George Bush Library)
Document No.
Subject/Title of Document
Date
Restriction
Class.
and Type
01. Memo
From Michael Boskin to John Sununu
11/24/89
Re: Veto Recommendation (1 pp.)
Collection:
Record Group:
Bush Presidential Records
Office:
Chief of Staff, White House Office of
Series:
Sununu, John, Files
Open on Expiration of PRA
Subseries:
Cabinet Agencies Files
(Document Follows)
WHORM Cat.:
By If (NLGB) on 5/12/05
File Location:
Boskin (CEA - 1989)
Date Closed:
12/1/2004
OA/ID Number:
29186-006
FOIA/SYS Case #:
1998-0004-F[1]
Appeal Case #:
Re-review Case #:
2005-0426-S
Appeal Disposition:
P-2/P-5 Review Case #:
Disposition Date:
AR Case #:
MR Case #:
AR Disposition:
MR Disposition:
AR Disposition Date:
MR Disposition Date:
RESTRICTION CODES
Presidential Records Act - [44 U.S.C. 2204(a)]
Freedom of Information Act - [5 U.S.C. 552(b)]
P-1 National Security Classified Information [(a)(1) of the PRA]
(b)(1) National security classified information [(b)(1) of the FOIA]
P-2 Relating to the appointment to Federal office [(a)(2) of the PRA]
(b)(2) Release would disclose internal personnel rules and practices of an
P-3 Release would violate a Federal statute [(a)(3) of the PRA]
agency [(b)(2) of the FOIA]
P-4 Release would disclose trade secrets or confidential commercial or
(b)(3) Release would violate a Federal statute [(b)(3) of the FOIA]
financial information [(a)(4) of the PRA]
(b)(4) Release would disclose trade secrets or confidential or financial
P-5 Release would disclose confidential advice between the President
information [(b)(4) of the FOIA]
and his advisors, or between such advisors [a)(5) of the PRA]
(b)(6) Release would constitute a clearly unwarranted invasion of
P-6 Release would constitute a clearly unwarranted invasion of
personal privacy [(b)(6) of the FOIA]
personal privacy [(a)(6) of the PRA]
(b)(7) Release would disclose information compiled for law enforcement
purposes [(b)(7) of the FOIA]
C. Closed in accordance with restrictions contained in donor's deed of
(b)(8) Release would disclose information concerning the regulation of
gift.
financial institutions [(b)(8) of the FOIA]
(b)(9) Release would disclose geological or geophysical information
PRM. Removed as a personal record misfile.
THE CHAIRMAN OF THE
COUNCIL OF ECONOMIC ADVISERS
WASHINGTON
November 24, 1989
MEMORANDUM FOR GOVERNOR SUNUNU
FROM:
MICHAEL J. BOSKIN mms
RE:
VETO RECOMMENDATION
Protectionist Measure Violating U.S./Canada Free
Trade Agreement Snuck onto NOAA Authorization Bill
Bill Frenzel and several others alerted me that they have
just found out that Senator Mitchell has snuck a "lobster size
limit" onto the NOAA authorization bill which would effectively
prohibit importation of Canadian lobster. NOAA's appropriation
has passed, and this seems a perfect veto candidate for all the
following reasons:
(1) It is blatantly protectionist.
(2) It impairs our ability to implement the U.S./Canada
Free Trade Agreement.
(3) It is precisely the type of last-minute junk we are
trying to prevent being added to legislation addressing
other matters.
CC: Ambassador Carla Hills
Director Richard Darman
Secretary Nicholas Brady
Secretary James A. Baker, III
Withdrawal/Redaction Sheet
(George Bush Library)
Document No.
Subject/Title of Document
Date
Restriction
Class.
and Type
02. Memo
From Michael Boskin to John Sununu
7/7/89
P/S
Re: Meeting w/Chairman John Dingell (1 pp.)
Collection:
Record Group:
Bush Presidential Records
Office:
Chief of Staff, White House Office of
Open on Expiration of PRA
Series:
Sununu, John, Files
(Document Follows)
Subseries:
Cabinet Agencies Files
WHORM Cat.:
By gp (NLGB) on 5/12/05
File Location:
Boskin (CEA - 1989)
Date Closed:
12/1/2004
OA/ID Number:
29186-006
FOIA/SYS Case #:
1998-0004-F[1]
Appeal Case #:
Re-review Case #:
2005-0426-S
Appeal Disposition:
P-2/P-5 Review Case #:
Disposition Date:
AR Case #:
MR Case #:
AR Disposition:
MR Disposition:
AR Disposition Date:
MR Disposition Date:
RESTRICTION CODES
Presidential Records Act - [44 U.S.C. 2204(a)]
Freedom of Information Act - [5 U.S.C. 552(b)]
P-1 National Security Classified Information [(a)(1) of the PRA]
(b)(1) National security classified information [(b)(1) of the FOIA]
P-2 Relating to the appointment to Federal office [(a)(2) of the PRA]
(b)(2) Release would disclose internal personnel rules and practices of an
P-3 Release would violate a Federal statute [(a)(3) of the PRA]
agency [(b)(2) of the FOIA]
P-4 Release would disclose trade secrets or confidential commercial or
(b)(3) Release would violate a Federal statute [(b)(3) of the FOIA]
financial information [(a)(4) of the PRA]
(b)(4) Release would disclose trade secrets or confidential or financial
P-5 Release would disclose confidential advice between the President
information [(b)(4) of the FOIA]
and his advisors, or between such advisors [a)(5) of the PRA]
(b)(6) Release would constitute a clearly unwarranted invasion of
P-6 Release would constitute a clearly unwarranted invasion of
personal privacy [(b)(6) of the FOIA]
personal privacy [(a)(6) of the PRA]
(b)(7) Release would disclose information compiled for law enforcement
purposes [(b)(7) of the FOIA]
C. Closed in accordance with restrictions contained in donor's deed of
(b)(8) Release would disclose information concerning the regulation of
gift.
financial institutions [(b)(8) of the FOIA]
(b)(9) Release would disclose geological or geophysical information
PRM. Removed as a personal record misfile.
THE CHAIRMAN OF THE
file
COUNCIL OF ECONOMIC ADVISERS
WASHINGTON
July 7, 1989
MEMORANDUM FOR GOVERNOR SUNUNU
CHIEF OF STAFF
FROM:
MICHAEL BOSKIN mgs
SUBJECT:
Meeting with Chairman John Dingell
Last Saturday night, Bob Mosbacher and I, and our wives,
went out to dinner with John and Debbie Dingell and some others.
At dinner Chairman Dingell expressed privately to me (Bob is
recused on the subject) his extreme concern about the upcoming
clean air legislation. He believes it will be the toughest job
he has handled in his time on Capitol Hill. He is deeply
troubled by what he said was a proclivity of EPA to talk to, or
"negotiate with," Henry Waxman and others, as if they are not
part of the Administration, and circumventing Chairman Dingell.
He anticipates much difficulty holding his Committee together,
and actively wishes to work with the White House. He is
extremely pleased with the flexibility/trading market
incentives/making it easier for business to comply components of
our legislation, although he foresees some technical difficulties
therewith (such as getting the alternative fuels produced in time
and in conjunction with the auto companies producing the cars for
the right fuels).
He indicated his concern was so great that he expected that
in Conference Committee he would want a high ranking
Administration official to be present to assist in the debate and
discussion and drafting; he wanted it to be someone authoritative
and important, but not from EPA. He wanted someone from an
agency inside the White House or the Executive Office of the
President. I told him I would pass this along to you at the
relevant time, and I assured him the Administration was desirous
of working with Congress to produce a bill which incorporated our
principles and was as close as possible to what we had proposed.
THE CHAIRMAN OF THE
COUNCIL OF ECONOMIC ADVISERS
WASHINGTON
August 17, 1989
has THE CHIEF of STAFF
MEMORANDUM FOR GOVERNOR JOHN H. SUNUNU
seen
FROM:
MICHAEL J. BOSKIN mB
RE:
Release Dates for Economic Statistics
8/17 - 9/5
A list of the dates of releases of government and important
private economic statistics is attached. The most important are
the following:
Consumer price index
- Aug 18
generally expected to be
up a modest 0.2 or 0.3
percent.
GNP 2nd quarter revision-
- Aug 29
I expect considerable
upward revision from the
1.7% previously reported.
Employment and Unemployment - Sept 1
First important data for
August. Job growth has
been slowing. Very slow
growth of employment (say
below 125,000 jobs) would
revive recession talk and
Also:
concerns.
FOMC meeting
- Aug 22
The FED's FOMC (Federal
Open Market
Committee)- the
policymaking arm of the
FED composed of the 7
governors (currently 6
with the Heller vacancy)
and 5 of the 12 district
bank presidents--will be
deciding whether to ease
further--perhaps
targetting a FED funds
rate 1/4% below the
current 9% target--and
whether to give any
discretionary authority to
Chairman Greenspan. At
the last meeting they
voted to ease 1/4% from
9-1/2 to 9-1/4 and gave
him authority to ease
another 1/4% if he thought
the data warranted so
doing; he used up that
authority.
August 16, 1989
SCHEDULED RELEASE DATES FOR ECONOMIC STATISTICS
August 17 - September 5, 1989
Released to the Public
Merchandise Trade
August 17, 1989
Consumer price index
August 18, 1989
Advance durable shipments
and orders for July
August 22, 1989
Yields on FHA mtg. for August 1
August 22, 1989
State per capita personal
income for 1988 (revised)
August 23, 1989
Auto sales for most recent
10 day period
August 23, 1989
GNP for the second quarter (rev)
August 29, 1989
Personal income for July
August 30, 1989
Employment situation for August
September 1, 1989
Leading indicators for July
September 1, 1989
Consumer surveys for August:*
U. Michigan (tentative)
Conference Board (tentative) September 1, 1989
Purchasing Managers Report*
September 5, 1989
for August
*Private data released to CEA Chairman Boskin by special
arrangement.
THE WHITE HOUSE
WASHINGTON
February 7, 1989
TO THE CHIEF OF STAFF:
E
For your information.
sun
James W. Cicconi
Withdrawal/Redaction Sheet
(George Bush Library)
Document No.
Subject/Title of Document
Date
Restriction
Class.
and Type
03. Memo
From Michael Boskin to POTUS
2/6/89
P/S
Re: Comments of Key Business Leaders at Your Business
Luncheon, Friday, February 4 (1 pp.)
Collection:
Record Group:
Bush Presidential Records
Office:
Chief of Staff, White House Office of
Series:
Sununu, John, Files
Open on Expiration of PRA
Subseries:
Cabinet Agencies Files
(Document Follows)
WHORM Cat.:
By IP (NLGB) on 12/12/07
File Location:
Boskin (CEA - 1989)
Date Closed:
12/1/2004
OA/ID Number:
29186-006
FOIA/SYS Case #:
1998-0004-F[1]
Appeal Case #:
Re-review Case #:
2005-0426-S
Appeal Disposition:
P-2/P-5 Review Case #:
Disposition Date:
AR Case #:
MR Case #:
AR Disposition:
MR Disposition:
AR Disposition Date:
MR Disposition Date:
RESTRICTION CODES
Presidential Records Act [44 U.S.C. 2204(a)]
Freedom of Information Act - [5 U.S.C. 552(b)]
P-1 National Security Classified Information [(a)(1) of the PRA]
(b)(1) National security classified information [(b)(1) of the FOIA]
P-2 Relating to the appointment to Federal office [(a)(2) of the PRA]
(b)(2) Release would disclose internal personnel rules and practices of an
P-3 Release would violate a Federal statute [(a)(3) of the PRA]
agency [(b)(2) of the FOIA]
P-4 Release would disclose trade secrets or confidential commercial or
(b)(3) Release would violate a Federal statute [(b)(3) of the FOIA]
financial information [(a)(4) of the PRA]
(b)(4) Release would disclose trade secrets or confidential or financial
P-5 Release would disclose confidential advice between the President
information [(b)(4) of the FOIA]
and his advisors, or between such advisors [a)(5) of the PRA]
(b)(6) Release would constitute a clearly unwarranted invasion of
P-6 Release would constitute a clearly unwarranted invasion of
personal privacy [(b)(6) of the FOIA]
personal privacy [(a)(6) of the PRA]
(b)(7) Release would disclose information compiled for law enforcement
purposes [(b)(7) of the FOIA]
C. Closed in accordance with restrictions contained in donor's deed of
(b)(8) Release would disclose information concerning the regulation of
gift.
financial institutions [(b)(8) of the FOIA]
(b)(9) Release would disclose geological or geophysical information
PRM. Removed as a personal record misfile.
THE CHAIRMAN OF THE
COUNCIL OF ECONOMIC ADVISERS
WASHINGTON
1909 FEB *6 Fil 2: 50
February 6, 1989
MEMORANDUM FOR THE PRESIDENT
FROM:
MICHAEL J. BOSKIN M/D
SUBJECT:
Comments of Key Business Leaders at Your
Business Luncheon, Friday, February 4
At the luncheon Friday, I was cornered by several
prominent business leaders who were concerned that the FED
would "kill off the recovery." This was mentioned to me by Ed
Brennan, Chairman of Sears Roebuck & Company; Wilson Taylor,
Chairman, CIGNA Insurance; and even Bill Butcher, Chairman,
Chase Manhattan Bank, who sits on an advisory committee to the
FED which, to quote Bill, "the FED listens to, but ignores."
Without indicating any position on the issue, I did probe
for information concerning supply shortages, wage pressures,
price increase plans, sales outlooks, etc. The Sears response
was fairly typical: some wage pressure in the northeast
region, as the supply of people looking for part-time jobs in
retail has declined substantially, but otherwise no indication
of major cost increases, supply shortages, or impending price
increases.
Several of the CEO's indicated they hoped they would have
some ability to register their information and concerns with
the Administration. I made no commitments or offers, other
than that they should feel free to call me anytime they thought
it was important.
Withdrawal/Redaction Sheet
(George Bush Library)
Document No.
Subject/Title of Document
Date
Restriction
Class.
and Type
04a. Note
From Michael Boskin to John Sununu
5/4/89
Re: Summary of Camp David Meeting (1 pp.)
Collection:
Record Group:
Bush Presidential Records
Office:
Chief of Staff, White House Office of
Series:
Sununu, John, Files
Open on Expiration of PRA
Subseries:
Cabinet Agencies Files
(Document Follows)
WHORM Cat.:
By & (NLGB) on 5/12/05
File Location:
Boskin (CEA - 1989)
Date Closed:
12/1/2004
OA/ID Number:
29186-006
FOIA/SYS Case #:
1998-0004-F[1]
Appeal Case #:
Re-review Case #:
2005-0426-S
Appeal Disposition:
P-2/P-5 Review Case #:
Disposition Date:
AR Case #:
MR Case #:
AR Disposition:
MR Disposition:
AR Disposition Date:
MR Disposition Date:
RESTRICTION CODES
Presidential Records Act - [44 U.S.C. 2204(a)]
Freedom of Information Act - [5 U.S.C. 552(b)]
P-1 National Security Classified Information [(a)(1) of the PRA]
(b)(1) National security classified information [(b)(1) of the FOIA]
P-2 Relating to the appointment to Federal office [(a)(2) of the PRA]
(b)(2) Release would disclose internal personnel rules and practices of an
P-3 Release would violate a Federal statute [(a)(3) of the PRA]
agency [(b)(2) of the FOIA]
P-4 Release would disclose trade secrets or confidential commercial or
(b)(3) Release would violate a Federal statute [(b)(3) of the FOIA]
financial information [(a)(4) of the PRA]
(b)(4) Release would disclose trade secrets or confidential or financial
P-5 Release would disclose confidential advice between the President
information [(b)(4) of the FOIA]
and his advisors, or between such advisors [a)(5) of the PRA]
(b)(6) Release would constitute a clearly unwarranted invasion of
P-6 Release would constitute a clearly unwarranted invasion of
personal privacy [(b)(6) of the FOIA]
personal privacy [(a)(6) of the PRA]
(b)(7) Release would disclose information compiled for law enforcement
purposes [(b)(7) of the FOIA]
C. Closed in accordance with restrictions contained in donor's deed of
(b)(8) Release would disclose information concerning the regulation of
gift.
financial institutions [(b)(8) of the FOIA]
(b)(9) Release would disclose geological or geophysical information
PRM. Removed as a personal record misfile.
THE CHIEF of STAFF
THE CHAIRMAN OF THE
has seen
COUNCIL OF ECONOMIC ADVISERS
WASHINGTON
May 4, 1989
Determined to be marking Administrative Rec'd COS
PRIVATE & CONFIDENTIAL
MAY - 5 1989
TO : GOVERNOR JOHN H. SUNUNU
FROM: MICHAEL J. BOSKIN mrs
RE : Summary of Camp David Meeting
Attached are a brief overview and
narrative summary of the discussion with the
outside economists and businessmen at Camp
David. Recall the group agreed not to discuss
with outsiders the views or statements of any
of the other participants. As near as I can
tell, all but Wanniski have complied.
Please do not circulate this to anyone
else. If there are any questions, I would be
happy to try to clarify things.
Governor, tile
FYI, Boskin sent a copy of this to
The President as well. Cicconi has
forwarded it.
Withdrawal/Redaction Sheet
(George Bush Library)
Document No.
Subject/Title of Document
Date
Restriction
Class.
and Type
04b. Report
From Michael Boskin to John Sununu
5/4/89
P/S
Re: Brief Overview of Camp David Meeting w/Outside
Economists (14 pp.)
Collection:
Record Group:
Bush Presidential Records
Office:
Chief of Staff, White House Office of
Open on Expiration of PRA
Series:
Sununu, John, Files
(Document Follows)
Subseries:
Cabinet Agencies Files
WHORM Cat.:
By If (NLGB) on 5/12/05
File Location:
Boskin (CEA - 1989)
Date Closed:
12/1/2004
OA/ID Number:
29186-006
FOIA/SYS Case #:
1998-0004-F[1]
Appeal Case #:
Re-review Case #:
2005-0426-S
Appeal Disposition:
P-2/P-5 Review Case #:
Disposition Date:
AR Case #:
MR Case #:
AR Disposition:
MR Disposition:
AR Disposition Date:
MR Disposition Date:
RESTRICTION CODES
Presidential Records Act [44 U.S.C. 2204(a)]
Freedom of Information Act - [5 U.S.C. 552(b)]
P-1 National Security Classified Information [(a)(1) of the PRA]
(b)(1) National security classified information [(b)(1) of the FOIA]
P-2 Relating to the appointment to Federal office [(a)(2) of the PRA]
(b)(2) Release would disclose internal personnel rules and practices of an
P-3 Release would violate a Federal statute [(a)(3) of the PRA]
agency [(b)(2) of the FOIA]
P-4 Release would disclose trade secrets or confidential commercial or
(b)(3) Release would violate a Federal statute [(b)(3) of the FOIA]
financial information [(a)(4) of the PRA]
(b)(4) Release would disclose trade secrets or confidential or financial
P-5 Release would disclose confidential advice between the President
information [(b)(4) of the FOIA]
and his advisors, or between such advisors [a)(5) of the PRA]
(b)(6) Release would constitute a clearly unwarranted invasion of
P-6 Release would constitute a clearly unwarranted invasion of
personal privacy [(b)(6) of the FOIA]
personal privacy [(a)(6) of the PRA]
(b)(7) Release would disclose information compiled for law enforcement
purposes [(b)(7) of the FOIA]
C. Closed in accordance with restrictions contained in donor's deed of
(b)(8) Release would disclose information concerning the regulation of
gift.
financial institutions [(b)(8) of the FOIA]
(b)(9) Release would disclose geological or geophysical information
PRM. Removed as a personal record misfile.
Brief Overview of Camp David Meeting with Outside Economists
The agenda for the meeting focused on four general areas:
1. Inflation and Unemployment
2. The Outlook for the U.S. Economy
3. Economic Growth and Productivity
4. Budget Policy
During the meeting several of the outside participants raised
issues which fall into two other broad areas:
5. International Trade and the Trade Deficit
6. Savings and Investment
(1) Inflation and Unemployment
There was general agreement that demographic changes have
reduced the level of unemployment that we can achieve without
causing an increase in inflation. The aging of the baby-boom
generation has increased the proportion of "prime-age" workers
with lower unemployment rates. Moreover, the unemployment rate
for younger workers and women is now lower compared with
"prime-age" male workers. These changes could have lowered the
unemployment rate where inflationary pressures begin to the
range of 4.5 to 5.5 percent.
Moderate wage increases are further evidence that labor
market pressures are not yet severe despite the low
unemployment. However, some of the economists warned that
there was some evidence of an increase in wage inflation (as
measured by the employment cost index) and advised a very
cautious assessment of the low unemployment rates. Further, as
emphasized by Paul Volcker and Herb Stein, the inflation rate
is still well above zero and needs to be gradually reduced to
that level.
(2) The Outlook for the U.S. Economy
There were a variety of views about the short-run strength
of the economy, but no one saw significant signs of a
recession. Monthly statistical releases indicate some slowdown
in February and March, but the businessmen saw no sign of
reduced orders or inventory buildup in their industries. The
importance of viewing the U.S. economic outlook jointly with
the outlook for other industrialized economies was emphasized
by Paul O'Neill.
Most agreed that the most significant risk to the economy
was a rise in inflation like we experienced in the late 1970s.
However, thus far there is no evidence of such strong inflation
and all agreed that it would be unwise for the Fed to tighten
in response to a temporary uptick in inflation due to oil price
increases.
-2-
(3) Economic Growth and Productivity
The discussion about what to do to increase U.S.
productivity repeatedly turned to education. The U.S. is
behind Japan and other countries in providing education at the
elementary and secondary level. A large fraction of the
workforce is functionally illiterate. The President should use
the "bully pulpit" and call a conference of governors to
highlight the problems. Education is mainly funded at the
state and local level, and it was felt that more Federal tax
dollars are not needed beyond the amount in the President's
educational initiative.
(4) Budget Policy
The outside economists were evenly split on whether a tax
increase would be a good idea. The greatest concern about a
tax increase is that it would simply raise spending with no
effect on the deficit. But other economists--most vocally Herb
Stein--disputed this effect of taxes on spending.
There was general agreement that a three-part package
consisting of (1) a cut in the capital gains tax, (2) increased
Presidential authority in the budget process, and (3) an
increase in some other tax (e.g. gasoline) would be worth
serious consideration.
(5) International Trade and the Trade Deficit
There was unanimous support -- both from the businessmen
and the economists -- that the Administration maintain a strong
commitment to open markets and reduced trade barriers. The
businessmen both praised the Japanese for efficient and
high-quality production and wanted the Japan bashing to stop.
If bashing must be done, then bash U.S. industrial leaders.
Most of the economists saw no harm from the U.S. trade deficit
per se. Some said it simply represented the demand for U.S.
dollars and assets. Others said the trade deficit was a
symptom of another problem: the low U.S. saving rate compared
to Japan and other industrialized countries.
(6) Savings and Investment
There was fairly wide agreement that the U.S. saving rate
is too low. Cutting the budget deficit would increase the
savings rate, but additional tax incentives are necessary to
increase private saving. Those opposing this view--Art Laffer,
Jude Wanniski--felt that the savings rate was the result of
decisions made by individuals; government intervention was not
appropriate.
Narrative Summary of Camp David Meeting with Outside Economists
Saturday, April 22, 1989
Outside Participants:
Paul O'Neill, Alcoa
John Akers, IBM
Paul Volcker, James D. Wolfensohn
Martin Feldstein, Harvard University
Richard Rahn, U.S. Chamber of Commerce
Kathryn Eickhoff, Eickhoff Economics
Herbert Stein, American Enterprise Institute
Jude Wanniski, Polyconomics
Art Laffer, A.B. Laffer Associates
Beryl W. Sprinkel, Consultant
Administration Participants
John H. Sununu, Chief of Staff
Nicholas F. Brady, Secretary of the Treasury
Richard G. Darman, OMB Director
Michael J. Boskin, CEA Chairman
Roger Porter, Assistant to the President for Domestic and
Economic Policy
John B. Taylor, CEA Member-Designate
After Michael Boskin's introduction, John Taylor presented
the Council's preliminary anaylsis that the measure of
unemployment associated with inflationary pressures is now
lower than it was in the highly inflationary period of the late
1970s. The group then began a discussion of the inflation and
unemployment issues facing the U.S. economy.
Inflation and Unemployment
Paul O'Neil felt that Taylor's characterization of the
labor market in the U.S. economy at this time was about right.
He added that profit sharing plans, which are more important
now and which have recently been added to his own company's
compensation schemes, should make the labor market more
flexible in adjusting to economic shocks in the future.
-2-
Herb Stein emphasized that we have too much inflation
right now and must get it down to close to zero.
Martin Feldstein basically agreed with Taylor's analysis
of the demographic aspects of unemployment, but he also
emphasized the total compensation figures for wage inflation
are rising and are very important to monitor.
Beryl Sprinkel thought that one must go beyond these
measures of inflation and unemployment and look at the general
monetary policy thrust over the last few years. He felt that
we have had much restraint in monetary policy in the last
year and that this has a negative short-run effect on the
outlook.
Paul Volcker agreed with Stein that inflation is still too
high. The short-run effects of oil are probably temporary, but
the threat of higher inflation is most crucial for the
short-run outlook. He was very worried about inflation rising
in the near future.
Richard Rahn felt that the inflation blip is almost over.
We've already had a tight policy and the big threat of a
downturn is already in place. He felt that the Fed was too
tight and should get on with easing up at this time.
Kathryn Eickhoff felt that the recent upsurge in inflation
was due to oil and that this will turn around. She also felt
that the current low level of unemployment will be a squeeze on
monetary policy with the Fed not having as much room to
maneuver as in the past.
-3-
Art Laffer indicated that the weak dollar has had a
significant upward effect on inflation. He was also concerned
that the monetary base has been growing much too rapidly in the
last few years.
Jude Wanniski emphasized that inflation is a monetary
phenomenon, but he was more sanguine about the inflation issue
because of the relative price of gold and oil at this time,
which seemed roughly to be in equilibrium.
Short-Run Outlook
The discussion here began with Martin Feldstein stating
that the flattening of the yield curve was a signal of a
slowdown. He also said that the adjustable rate mortgages have
been exerting a negative influence on spending, and that the
trade balance is actually moving in the direction of greater
deficit and this is slowing down the economy.
Paul O'Neill said he saw no big change in order rates, no
inventory accumulation, no price pressures, and therefore, no
slowing down of the economy. He also mentioned that many of
the models at the macro level are not good at this point
because they don't focus on the international aspects of the
economy.
Kathryn Eickhoff felt that we don't have many signs of a
slowdown now, but we are likely to be getting one later.
Trade and the Trade Deficit
John Akers warned that expectations had been raised that
the recent changes in trade laws would result in an improvement
-4-
of the trade deficit. He was concerned that these changes in
the law would escalate trade tensions between the U.S. and
other countries. There was general agreement on these points.
Rahn worried about the discussion of "managed trade" that
he has heard from certain members of the Administration, and
felt that the Administration needs to establish a clear
priority of a move toward free trade.
Volcker indicated that the trade deficit will not improve
unless the savings investment balance improves. He stated that
the bilateral trade deficit of the United States vis-a-vis
Japan reflected Japanese savings being substantially greater
than U.S. savings. The low U.S. savings rate is the problem in
his view.
Laffer emphasized that a trade deficit can go on for a
long time and the trade deficit is not the problem.
Stein said if it can't go on forever it will stop and
agreed that the trade deficit is not a problem per se.
O'Neill then went on to describe how the Japanese are
actually better at producing many goods than we are. In his
experience, his Japanese competitors do a better job at
producing some items than Alcoa.
John Akers agreed. "The Japanese are better at it than we
are."
Then Rahn indicated that the trade deficit of the United
States indicates a demand for U.S. dollars. Japan doesn't have
a big trade surplus with the USSR because it doesn't want
rubles.
-5-
Laffer worried that the dollar would fall if the trade
deficit got worse and that this would have a negative effect on
inflation, raising the prices of imported goods.
Sprinkel also said that the trade deficit was not a
problem per se. "So what if there's a trade deficit," he
said. "Most of the remedies for the trade deficit have costs
which are significantly greater than benefits." He emphasized
that investment to GNP ratios in the United States were doing
quite well, at which point there was a discussion between
Sprinkel and Volcker about whether real investment, or nominal
investment, or gross investment, or net investment was strong.
Feldstein said that if one looks at the trade deficit from
the middle of 1988, that it seems to be getting worse rather
than better.
At this point Sununu asked O'Neill why the Japanese were
better at producing certain goods than Americans. O'Neill went
on to a long discussion of this subject indicating bad
leadership, poor organization, poor treatment of hourly people,
and a large bureaucracy which needs to be trimmed down in many
U.S. companies. He felt that the problem was with U.S.
business firms and argued that the main goal for government
policy is to provide stability and sound tax policies and let
the business sector keep going.
Means to Strengthen Productivity Growth
Most of the discussion in this area focused on education.
O'Neill used his experience with Alcoa to emphasize the
-6-
importance of educational problems in the United States. He
estimated that 20 percent of the workforce in some areas is
functionally illiterate. He described remedial programs which
had been tried out experimentally in certain plants to educate
the workforce. He said that productivity has been stimulated
very much by this.
Sununu said he thought the problem was more at the very
top. People are not getting Ph. Ds any more. There was some
discussion about whether it was more a problem of elementary
and secondary education as distinct from advanced degrees.
O'Neill again emphasized that this was not a job of the
Federal Government. "Don't tax us to provide what we should be
providing ourselves" he said. "This is a problem for the
private sector to handle."
Discussion with the President
At this point the President joined the meeting and Michael
Boskin spent a few minutes summarizing the discussion that had
gone on thus far. John Taylor summarized the discussion of the
inflation and unemployment situation in the economy today.
Martin Feldstein presented a brief overview of the savings
problems facing the U.S. economy. He indicated that getting
the savings rate up was a key issue, and in particular, the
private savings rate. There was some dispute of the need to
raise savings by Wanniski and Laffer, but basically the
President was interested in what could be done to raise the
saving rate.
-7-
Herb Stein suggested raising taxes, cutting social
security, but not cutting defense. The President asked
"Wouldn't raising taxes tend to reduce growth?" Stein answered
that interest rates would fall if there were a tax increase.
There was then some discussion about monetary policy. Volcker
indicated that it would probably be unwise to expect the Fed to
state formally that it would lower interest rates if taxes were
increased, but this would occur through the policymaking
process.
Continuing the discussion of tax changes, Richard Rahn
indicated that any increase in taxes was most likely to lead to
a dollar for dollar increase in government spending. He also
indicated that there was a very weak empirical relationship
between budget deficits and interest rates; bringing the budget
deficit down would be unlikely to lower interest rates.
O'Neill indicated that he was nervous about the budget
deficit and indicated a $50 billion tax increase on gasoline
would be great for the economy.
Akers also emphasized the problem with the budget
deficit.
The President said he agreed that an increase in taxes
would likely lead to an increase in government spending.
Laffer said that he thought this would be the case too. Herb
Stein said that there was no empirical evidence that higher
taxes would lead to higher government spending.
-8-
There was some discussion about whether a tax increase
would actually increase saving. Martin Feldstein said that his
figures showed that national savings would clearly go up with a
tax increase.
The discussion then turned to the Gramm-Rudman-Hollings
legislation and its effectiveness. Kathryn Eickhoff was
concerned about the loophole in Gramm-Rudman which allowed the
deficit to increase after the Gramm-Rudman targets were hit.
Richard Darman indicated that some fix-up in Gramm-Rudman would
be useful, but he emphasized the advantages of the recent
budget agreements. He said that sequester was still a
possibility. Nick Brady indicated that, despite these
loopholes, Gramm-Rudman is very useful. In his words, "It's
the only element of sanity in the budget process."
The discussion then turned back to trade issues again with
John Akers leading off the discussion, telling about his
experience with Japan. IBM has been doing business in Japan
for a long time. He has a lot of experience. He said the
Japanese are the best competitors in the industry. The
Japanese PC clone is of higher quality than American PCs.
They're successful because they do a good job. We can't get
workers to work as well as Japanese workers in his view.
Paul O'Neill agreed with this and went on to indicate that
we need to do major changes with respect to education and
leadership in the organization of business. He felt that it
was time not to bash the Japanese but to bash American
-9-
industry. American industry should be committed to getting
better every day and to get remedial training to the workforce
where necessary. He again reiterated that this was not the
business of the government, but of the private sector. The
President indicated that he wanted to do more for education and
there are ways to help. John Akers suggested that the "bully
pulpit" be used and also suggested a group be assigned to
assess progress in education. Later on he also suggested some
kind of commission or conference of education leaders and
mayors and governors to discuss the subject.
Richard Darman indicated that the overall thrust of
economic policy should go beyond opening markets. It should
also focus on developing human capital. Efforts to restore the
importance of the family and address various cultural problems
could alleviate many of the educational problems the country
faces.
Finally, there was a discussion of the cost of capital in
the United States being much higher than in Japan. This leads
to less investment as well as investment in shorter lived
assets. Paul Volcker stated that the source of this difference
in the rate of return is the higher savings in Japan compared
that in to the United States. At this time the meeting was
adjourned. The discussion was to be continued over lunch.
-10-
Additional Issues Raised at Lunch
1. Taxes
The outside economists and business people were fairly
evenly split on whether a tax increase would be a good idea.
Those in favor of a tax increase included O'Neill, Akers,
Volcker, Feldstein, and Stein. Those against a tax increase
included Rahn, Eickhoff, Wanniski, Sprinkel, and Laffer.
O'Neill again suggested a gasoline tax stating that it
would send the stock market soaring. He stated that he is in
favor of such a tax even though it would be bad for Alcoa.
Akers also favored a gasoline tax. Volcker, Feldstein, and
Stein were in favor of a tax increase in general and did not
focus on gasoline. In answer to the President's question about
tax increases leading to more wasteful government expenditures,
Stein admitted that a tax increase would lead to expansion of
government programs he didn't like, but it would also permit
programs that he did like.
In fact, much of the opposition to the tax increase
focused on whether it would lead to a dollar-for-dollar
increase in government expenditure and thereby little effect on
the deficit. Sprinkel, Rahn, and Eickhoff emphasized this but
Wanniski and Laffer were against the tax increase for the
additional reason that it would be bad for the economy. They
mentioned adverse supply-side effects. Laffer argued that
taxes and borrowing are equivalent and therefore a tax increase
wasn't worth the risk of more government spending.
-11-
Sununu asked whether the difference in views might be
explained by disagreement over whether government spending
would rise by 100 percent of a tax increase, or whether it
would rise by 0 percent. Clearly the truth is somewhere in
between. Herb Stein advised the President to have his economic
advisers conduct an econometric study of the effect of tax
increases on government spending.
Boskin tried to pull the group together by asking whether
institutional changes (such as a modification of Gramm-Rudman
or giving the President greater budget authority which might
reduce the threat of an increase in government spending
following a tax increase) would reduce the opposition to a tax
increase. Sprinkel said such changes would reduce his
opposition, but added that the changes were unlikely. There
was also some discussion of bundling the capital gains tax cut
with a gasoline tax increase. The President stated that
vetoing the minimum wage bill coming from Capitol Hill would be
part of his effort to establish credibility about resisting
spending increases.
2. Short-Run Outlook
At lunch there seemed to be less of a consensus on the
economic outlook than in the morning meeting. Eickhoff
indicated that even though she didn't see a marked slowdown
yet, she felt that the Fed would (and should) try to get real
GNP growth down below 3 percent and would keep raising interest
rates until a slowdown occurred. Feldstein indicated that the
inflation rise went beyond oil and that the Fed should try to
-12-
get inflation down below 5 percent anyway. He suggested under
4 percent by 1991 as one example target. Sprinkel repeated
that there was already monetary restraint in the system.
Laffer felt the opposite.
3. Saving-Investment Incentives
There was considerable debate about the effectiveness of
tax incentives to increase private savings such as Individual
Retirement Accounts (IRA). Feldstein felt that his numbers on
low financial savings in certain income groups suggested such
incentives would have a big effect. Rahn agreed with Feldstein
but Volcker strongly disagreed.
January 17, 1989
MEMORANDUM FOR WHITE HOUSE SENIOR STAFF-DESIGNATES
FROM:
MICHAEL J. BOSKIN
CHAIRMAN-DESIGNATE, CEA
mgs
SUBJECT:
Remaining Statistical Release Schedule for
January 1989
Release
Time and Date of Release
Agency
Merchandise Trade (Nov.)
8:30 a.m. Wednesday, Jan. 18 Census/Commerce
Industrial Production (Dec.) 9:15 a.m. Wednesday, Jan. 18 Federal Reserve
Housing Starts (Dec.)
8:30 a.m. Thursday, Jan. 19 Census/Commerce
Consumer Price Index (Dec.) 8:30 a.m. Thursday, Jan. 19 BLS / Labor
Capacity Utilization (Dec.) 9:15 a.m. Thursday, Jan. 19 Federal Reserve*
Advance Durable Goods (Dec.) 8:30 a.m. Thursday, Jan. 26 Census/Commerce
GNP '88: IV
8:30 a.m. Friday, Jan. 27
BEA/Commerce
Personal Income (Dec.)
10:00 a.m. Monday, Jan. 30
BEA/Commerce
* CEA does not currently prepare briefing materials for
capacity utilization.
Attachments
THE CHAIRMAN OF THE
COUNCIL OF ECONOMIC ADVISERS
WASHINGTON
December 14, 1988
MEMORANDUM FOR WHITE HOUSE SENIOR STAFF
FROM:
BERYL W. SPRINKEL BerylW. Sprudke
SUBJECT:
Exports and Imports in October
This morning at 8:30 a.m. the Commerce Department will
release the advance report on U.S. merchandise trade in October.
The seasonally adjusted October trade deficit on a customs
value (c.v.) basis was $8.9 billion, down $0.3 billion from the
revised September deficit of $9.2 billion. (On the traditionally
reported cost, insurance, freight (c.i.f.) basis, the seasonally
adjusted October deficit was $10.3 billion, down $0.3 billion
from the revised September deficit of $10.7 billion.)
October exports fell $0.3 billion from September, but were
$2.1 billion or 7.6 percent higher than the previous 12-month
average. Exports in the principal end-use categories of foods,
feeds and beverages, industrial supplies, and consumer goods
fell. Exports of capital goods (except automotive) and other
merchandise rose. On a C.V. basis, October imports fell $0.6
billion from September. Most principal end-use imports fell,
with the largest declines in capital goods (except automotive)
and consumer goods. Imports of foods, feeds and beverages, and
industrial supplies and materials rose.
The average trade deficit for the three months ending in
October is 28.7 percent lower than in the same three-month period
a year earlier. Exports have increased 28.3 percent while
imports increased 6.5 percent for the same periods.
MERCHANDISE EXPORTS AND IMPORTS
(Monthly - October 1987 to October 1988)
40
imports
35
30
Exports
25
BILLIONS OF DOLLARS
20
15
Trade Deficit
10
5
o
OCT 87
DEC 87
FEB as
APR as
JUNE se
AUG ⑉
OCTSB
UNITED STATES DEPARTMENT OF
COMMERCE
BUREAU OF
THE
NEWS
CENSUS
WASHINGTON, D.C. 20230
FOR WIRE TRANSMISSION 8:30 A.M. EST
CB-88-195
Wednesday December 14, 1988
FT900 (88-10)
Gerald F. Kotwas (301) 763-5333
PRESS COPY
Minnie
M.
Davis
(301) 763-7754
U.S. MERCHANDISE TRADE: OCTOBER 1988
(See PAGE 2 for a SPECIAL NOTICE and the SCHEDULE OF RELEASE DATES
FOR JANUARY 1989 TO DECEMBER 1989 PRESS RELEASES)
SEASONALLY ADJUSTED IMPORTS AND EXPORTS
IMPORTS (C.I.F.), EXPORTS (F.A.S.) AND TRADE BALANCE
October imports of $38.0 billion and exports of $27.7 billion resulted in a
merchandise trade deficit of $10.3 billion, $0.4 billion less than the September
deficit of $10.7 billion. October imports were $0.7 billion less than September
imports of $38.7 billion. October exports were $0.3 billion less than September
exports of $28.0 billion.
The September to October change in imports reflected the net effect of decreases
in capital goods ($0.6 billion), consumer goods $0.4 billion), automotive vehicles,
parts and engines ($0.1 billion), and increases in industrial supplies and materials
($0.4 billion), and foods, feeds and beverages ($Q.1 billion) while other merchandise
remained virtually unchanged from September.
The September to October change in exports reflected the net effect of decreases
in industrial supplies and materials ($0.8 billion), foods, feeds and beverages ($0.3
billion), and consumer goods ($0.2 billion) and an increase in other merchandise
($0.9 billion) while automotive vehicles, parts and engines and capital goods
remained virtually unchanged from September.
IMPORTS (CUSTOMS), EXPORTS (F.A.S.) AND TRADE BALANCE
October imports of $36.6 billion and exports of $27.7 billion resulted in a
merchandise trade deficit of $8.9 billion, $0.3 billion less than the September
deficit of $9.2 billion. October imports were $0.6 billion less than September
imports of $37.2 billion.
The September to October change in imports reflected the net effect of decreases
in capital goods ($0.6 billion), consumer goods ($0.4 billion) automotive vehicles,
parts and engines ($0.2 billion), and increases in industrial supplies and materials
($0.4 billion), foods, feeds and beverages ($0.1 billion) while other merchandise
remained virtually unchanged from September.
SELECTED COMMODITY AND COUNTRY DETAIL
IMPORTS, C.I.F., EXPORTS, F.A.S.
(Not Seasonally Adjusted)
Imports of manufactured goods at $32.3 billion were $2.2 billion more than the
$30.1 billion of September and $2.8 billion more than the $29.5 billion January to
September average. Manufactured goods reflected the net effect of increases in new
passenger cars, telecommunications equipment and parts, electrical machinery,
organic/inorganic chemicals, gem diamonds, trucks, motor vehicle and tractor parts,
copper and general industrial machinery and decreases in airplanes, clothing and
footwear, and aluminum. Petroleum products at $3.1 billion (233 million barrels)
were $0.2 billion less than the $3.3 billion of September and $0.5 billion less than
the $3.6 billion January to September average. The October average price per barrel
($13.46) was $1.14 less than the $14.60 September average price and $2.40 less than
the $15.86 January to September average price.
Exports of manufactured goods at $18.7 billion were the same as in September and
$1.1 billion more than the $17.6 billion January to September average. Manufactured
goods reflected the net effect of increases in airplanes, power generating machinery,
electrical machinery, telecommunications equipment and parts, and airplane parts and
decreases in organic/inorganic chemicals, new passenger cars, copper, and general
industrial machinery.
The October trade figures reflected deficits with Japan $5.5 billion ($4.1
billion), Taiwan $1.4 billion ($1.4 billion), Western Europe $1.1 billion ($0.9
billion), Canada $1.0 billion ($0.9 billion), Republic of Korea $0.8 billion ($1.0
billion), OPEC $0.8 billion ($0.7 billion), Hong Kong $0.5 billion ($0.5 billion),
and Brazil $0.5 billion ($0.6 billion). The September deficits are shown in
parentheses.
Carry-over in October was $0.7 billion (1.7 percent) for C.I.F. imports and $0.4
billion (1.4 percent) for exports. Carry-over in the revised September data was $0.4
billion (1.1 percent) for C.I.F. imports and $0.4 billion (1.5 percent) for exports.
2
SPECIAL NOTICE
(Repeated from July Issue)
The "Omnibus Trade and Competitiveness Act of 1988" contains a number
of provisions affecting the presentation of the merchandise trade
statistics: (1) it rescinds earlier legislation requiring that data on
imports, valued on a C.I.F. basis (price paid for merchandise plus
insurance and freight charges incurred in delivering merchandise to U. S.
ports), be released at least 48 hours prior to release of the same data on
a Customs value basis (price of merchandise only); (2) it authorizes
adoption of the International Harmonized System (HS) as the U. S. standard
for reporting product information for tariff and statistical purposes,
effective January 1989; and (3) it requires that trade data be reported in
terms of constant dollars as well as current dollars.
Beginning with the September 1988 press release (July 1988 data) and
continuing through the February 1989 release (December 1988 data), the
Census Bureau will provide a single monthly merchandise trade press release
containing import data on both a C.I.F. and Customs value basis. The
release will provide both sets of data seasonally adjusted for end-use
categories and unadjusted for selected commodities and geographic areas.
The change to a Customs value basis for import data in March 1989 (January
1989 data) will provide a more accurate picture of merchandise trade which
will be consistent with the Bureau of Economic Analysis (BEA) balance of
payments data.
The release schedule for the balance of 1988 will remain the same as
previously published for the FT900 Advance report.
In the March 1989 release (January 1989 data), import and export data
will reflect the adoption of the Harmonized System (HS) as the standard for
U. S. trade statistics. The HS based export classification schedule
contains about 8,000 commodity codes compared to 5,000 in the current
schedule; the import classification schedule has about 14,000 commodity
codes compared to the current 15,000.
For the first time, U. S. import and export classifications will be
comparable with each other and comparability of import, export, and
production data will be greatly enhanced. In addition, U. S. trade data
will be comparable to that of our major trading partners.
Pending the result of research now in progress, the Census Bureau is
planning to release in 1989 monthly import and export data in constant
dollars as well as in current dollars. Constant dollar data will provide a
more accurate measure of change in the volume of trade and its effects on
real economic activity.
SCHEDULE OF RELEASE DATES FOR U. S. MERCHANDISE TRADE
REPORT FT900: JANUARY 1989 TO DECEMBER 1989
STATISTICAL PERIOD
FT900 DEPARTMENT OF COMMERCE
COVERED
NEWS ROOM-8:30 A. M.
Date
Day
JANUARY
3-15-89
Wednesday
FEBRUARY
4-14-89
Friday
MARCH
5-17-89
Wednesday
APRIL
6-15-89
Thursday
MAY
7-18-89
Tuesday
JUNE
8-17-89
Thursday
JULY
9-15-89
Friday
AUGUST
10-17-89
Tuesday
SEPTEMBER
11-16-89
Thursday
OCTOBER
12-15-89
Friday
NOVEMBER
1-17-90
Wednesday
DECEMBER
2-16-90
Friday
Inquiries concerning these dates should be addressed to Foreign
Trade Division, Bureau of the Census, Washington, D. C. 20233
Telephone: 301-763-7754 or 301-763-5140.
3
CONTENTS
Text
1
A Special Notice and the Schedule of Release Dates for January 1989 to December 1989
2
Contents
3
Information
4
Exhibit 1. Exports (F.a.s. value), General Imports (C.1.f. value), and Merchandise Trade Balance,
Seasonally Adjusted and Not Seasonally Adjusted: January 1986 to October 1988
5
Exhibit 2. Exports (F.a.s. value). General Imports (Customs value), and Merchandise Trade Balance,
Seasonally Adjusted and Not Seasonally Adjusted: January 1986 to October 1988
6
Exhibit 3. Exports (F.a.s. value). General Imports (C.1.f. value). and Merchandise Trade Balance,
Seasonally Adjusted and Not Seasonally Adjusted: November 1986 to October 1988
7
Exhibit 4. Exports (F.a.s. value). General Imports (Customs value). and Merchandise Trade Balance,
Seasonally Adjusted and Not Seasonally Adjusted: November 1986 to October 1988
8
Exhibit 5. Exports (F.a.s. value) by Principal End-Use Commodity Category, Seasonally Adjusted
and Not Seasonally Adjusted: January 1987 to October 1988
9
Exhibit 6. General Imports (C.1.f. value) by Principal End-Use Category, Seasonally Adjusted and
Not Seasonally Adjusted: January 1987 to October 1988
10
Exhibit 7. General Imports (Customs value) by Principal End-Use Category, Seasonally Adjusted and
Not Seasonally Adjusted: January 1987 to October 1988
11
Exhibit 8-1. Summary of Changes in Exports (F.a.s. value). General Imports (C.1.f. value) and Merchandise
Trade Balance by Commodity Grouping. Country, Economic and Geographic Area,
Not Seasonally Adjusted: September to October 1988
12
Exhibit 8-2. Summary of Changes in Exports (F.a.s. value), General Imports (Customs value) and Merchandise
Trade Balance by Commodity Grouping, Country, Economic and Geographic Area,
Not Seasonally Adjusted: September to October 1988
12
Exhibit 9. Exports (F.a.s value). and General Imports (C.i.f. value) by Principal Commodity Groupings,
Not Seasonally Adjusted: 1988 and 1987
13
Exhibit 10. Exports (F.a.s value) and General Imports (Customs value) by Principal Commodity Groupings,
Not Seasonally Adjusted: 1988 and 1987
15
Exhibit 11-1. Exports (F.a.s. value) and General Imports (C.i.f. value) by SITC Sections,
Not Seasonally Adjusted: 1988 and 1987
17
Exhibit 11-2. Exports (F.a.s. value) and General Imports (Customs value) by SITC Sections,
Not Seasonally Adjusted: 1988 and 1987
17
Exhibit 12. General Imports (C.1.f. value) of Petroleum, Not Seasonally Adjusted: 1988 and 1987
18
Exhibit 13. General Imports (Customs value) of Petroleum, Not Seasonally Adjusted: 1988 and 1987
19
Exhibit 14. Exports (F.a.s. value), General Imports (C.1.f. value) and Merchandise Trade Balance--
Countries, Economic and Geographic Areas, Not Seasonally Adjusted: 1988 and 1987
20
Exhibit 15. Exports (F.a.s. value). General Imports (Customs value) and Merchandise Trade Balance--
Countries. Economic and Geographic Areas, Not Seasonally Adjusted: 1988 and 1987
21
Exhibit 16. Exports (F.a.s. value), General Imports (C.1.f and Customs Values). and Merchandise Trade Balance,
Seasonally Adjusted Three Month-Moving Averages: January 1986 to October 1988
22
4
INFORMATION
COVERAGE
COMMODITY INFORMATION
The U. S. foreign trade statistics
Variations Adjusted for Seasonal and Working-Day
A. include government and non-government
shipments of merchandise,
Commodities exported and imported through
U. S. trade channels are initially classified
B. reflect the movement of goods into and
under Schedule 8 and Tariff Schedules of the
out of (1) the 50 states, the District of
United States Annotated (TSUSA) commodity
Columbia, Puerto Rico, the U. S. Virgin
classification systems. Both classification
Islands and (2) U.S. Foreign Trade Zones,
systems provide for describing and measuring
the characteristics of commodities traded.
C. exclude (1) shipments between U. S.,
Combining trade data into broad "end-use"
Puerto Rico, and U. S. possessions,
categories makes it possible to examine
(2) shipments to U. S. Armed Forces and
diplomatic missions abroad for their own
commodities according to their principal uses.
"End-use" categories are: (1) Foods, feeds
use, (3) U.S. goods returned to the U. S.
and beverages; (2) Industrial supplies and
by its Armed Forces and (4) in-transit
materials; (3) Capital goods except automo-
shipments.
tive: (4) Automotive vehicles, parts and
engines: (5) Consumer goods (nonfood) except
automotive; and (6) Other merchandise, such
as military goods, estimates of low-valued
MONTHLY RELEASE SCHEDULE
shipments. etc. These "end-use" categories
were used as the basis for computing the sea-
sonal and/or working-day adjusted export and
ISSUE
DATE
DAY
import data presented in Exhibits 1 through 7
and 16 of this report. Overall seasonally
January
3-17-88
Thursday
adjusted export and import totals are derived
February
4-14-88
Thursday
by adding the six "end-use" categories. Not
March
5-17-88
Tuesday
seasonally adjusted "end-use" categories are
April
6-14-88
Tuesday
shown for comparison in Exhibits 5, 6, and 7.
May
7-15-88
Friday
June
8-16-88
Tuesday
The seasonally adjusted three-month moving
averages for imports, exports and trade
July
9-14-88
Wednesday
balances (Exhibit 16) are computed by summing
August
10-13-88
Thursday
the subject month, the two prior months,
September
11-16-88
Wednesday
dividing by 3, and plotting at the subject
October
12-14-88
Wednesday
month. These averages are made available as
*November
1-18-89
Wednesday
an analytical tool to aid in trend analyses
December
2-17-89
Friday
and should be used as such. The selection of
a three-month time frame to compute the
moving averages is arbitrary: any combination
of months can be used.
MONTHLY "CARRY-OVER" AND REVISION POLICY
Not Adjusted for Seasonal and Working-Day
"Carry-over" is
portion of the month-
Variations
ly statistics recei. :00 late for inclusion
in the transaction month. Therefore, monthly
Commodity data appearing in Exhibits 8-1
data include the actual month's transactions
to 10 are classified in terms of Schedule E
and a small "carry-over" for previous months.
(exports) and Schedule A (imports). both of
which are based on the Standard International
In April 1988, the Census Bureau began
Trade Classification (SITC) Revision 2 and
revising the aggregate seasonally adjusted
arranged by principal commodity groupings
and unadjusted export, import and trade
(e.g., agricultural commodities: manufactured
balance figures as well as the "end-use"
goods) to facilitate analysis. Export and
totals for the prior month. SITC and country
import SITC section totals are presented in
detail data are not revised.
Exhibits 11-1 and 11-2.
Agricultural commodities consist of non-
The timing adjustments shown in Exhibits
marine food products and other products of
8-1 through 11-2, 14 and 15 refer to the
agriculture which have not passed through
difference between carry-over as originally
complex processes of manufacture. such as
reported and as recompiled.
raw hides and skins, fats and oils, and wine.
Manufactured goods conform to the SITC,
VALUATION
Revision 2 Classification sections that
include chemicals and related products,
Import data are (1) Customs import and
N. S.P.F.; manufactured goods classified
(2) C.I.F. import value. Export data are
chiefly by material; machinery and transport
f.a.s. value. All are explained below.
equipment; and miscellaneous manufactured
articles. N. S.P.F.
1. Customs Import Value -is the U.S. Cus-
toms Service appraised value of merchandise:
Reexports are foreign merchandise
generally, the price paid for merchandise for
entering the country as imports and which at
export to the U. S. Import duties, freight,
the time of exportation are in substantially
insurance, and other charges incurred in
the same condition as when imported. Re-
bringing merchandise to the United States
exports. included in overall export totals,
are excluded.
appear as separate line items in Exhibits 8-1
through 11-2.
2. C.1.f. Import Value - is Customs value
(defined above) plus freight, insurance, and
ADDITIONAL INFORMATON SOURCES
other charges (excluding U. S. import duties)
incurred in bringing merchandise from the
Additional data and information regarding
exporting country to the first port of
coverage, valuation, estimating procedures,
arrival in the United States.
and qualifications are obtainable from
the following:
1. Report FT990, Highlights of U.S. Export
3. F.a.s. Export Value - is f.a.s. (free
and Import Merchandise Trade:
alongside ship) value of merchandise at the
2. The Guide to Foreign Trade Statistics.
U. S. port of export, based on transaction
3. Foreign Trade Division, Bureau of the
price including inland freight, Insurance,
Census, Washington, D. C. 20233.
and other charges incurred in placing the
merchandise alongside the carrier at the U.S.
An electronic version of FT900 is
port of exportation.
available through CENDATA, the Census Bureau's
on-line information facility. Contact Cus-
tomer Services, DUSD, Bureau of Census,
Washington, D. C. 20233 or call 301-763-4100.
Change. Previously announced as 1-13-89.
5
EXHIBIT 1. EXPORTS (F.A.S. VALUE), GENERAL IMPORTS (C.I.F. VALUE), AND-MERCHANDISE TRADE BALANCE.
SEASONALLY ADJUSTED AND NOT SEASONALLY ADJUSTED: JANUARY 1986 TO OCTOBER 1988
In millions of dollars. Details may not add to totals due to rounding and other statistical procedures.
(R) Revised.
TRADE BALANCE
EXPORTS. F.A.S. VALUE
GENERAL IMPORTS, C.I.F. VALUE
PERIOD
SEASONALLY
NOT SEASONALLY
SEASONALLY
NOT SEASONALLY
SEASONALLY
NOT SEASONALLY
ADJUSTED
ADJUSTED
ADJUSTED
ADJUSTED
ADJUSTED
ADJUSTED
1986
JANUARY-DECEMBER
-155,136.9
-155,136.9
227,158.5
227,158.5
382,295.4
382,295.4
JANUARY-OCTOBER
-127,736.5
-128,528.0
188,608.7
188,386.4
316,345.2
316,914.4
JANUARY
-13,397.9
-13,520.1
18,557.1
17,605.3
31,955.0
31,125.4
FEBRUARY
-11,269.6
-10,240.1
18,520.1
18,052.8
29,789.7
28,292.9
MARCH
-12,711.0
-11,294.8
17,998.8
19,426.6
30,709.8
30,721.4
APRIL
-13,112.6
-13,000.7
18,761.6
19,038.7
31,874.2
32,039.4
MAY
-11,994.6
-12,070.7
19,022.9
19,471.2
31,017.5
31,541.9
JUNE
-11,526.3
-11,602.5
20,037.7
20,496.7
31,564.0
32,099.2
JULY
-12,808.3
-14,606.2
19,730.8
18,829.4
32,539.1
33,435.6
AUGUST
-13,557.4
-13,602.5
17,969.8
17,323.2
31,527.2
30,925.7
SEPTEMBER
-14,650.4
-14,613.0
18,281.8
17,785.3
32,932.2
32,398.3
OCTOBER
-12,708.4
-13,977.4
19,728.1
20,357.2
32,436.5
34,334.6
NOVEMBER
-14,656.2
-14,583.8
19,294.9
19,354.7
33,951.0
33,938.5
DECEMBER
-12,744.4
-12,025.1
19,254.8
19,417.4
31,999.2
31,442.5
1987
JANUARY-DECEMBER
-170,320.2
-170,320.2
254,121.9
254,121.9
424,442.1
424,442.1
JANUARY-OCTOBER
-142,900.5
-143,834.3
206,874.6
206,528.8
349,775.1
350,363.1
JANUARY
-14,733.0
-14,821.1
18,400.4
17,345.9
33,133.4
32,167.0
FEBRUARY
-13,526.5
-12,270.3
19,328.0
18,853.9
32,854.5
31,124.2
MARCH
-13,824.3
-12.091.1
20,172.0
21,835.5
33,996.3
33,926.6
APRIL
-13,236.8
-13,100.2
20,402.3
20,677.7
33,639.1
33,777.9
MAY
-14,074.4
-13,912.8
20,262.3
20,759.5
34,336.7
34,672.3
JUNE
-15,058.1
-15,290.8
21,107.5
21,636.7
36,165.6
36,927.5
JULY
-13,878.2
-16,076.1
22,432.9
21,379.0
36,311.1
37,455.1
AUGUST
-15,078.1
-15,309.8
20,884.1
20,079.1
35,962.2
35,388.9
SEPTEMBER
-13,935.0
-13,975.4
21,810.3
21,183.7
35,745.3
35,159.1
OCTOBER
-15,556.1
-16,986.7
22,074.8
22,777.8
37,630.9
39,764.5
NOVEMBER
-13,622.4
-13,460.0
23,094.9
23,278.7
36,717.3
36,738.7
DECEMBER
-13,797.2
-13,025.9
24,152.5
24,314.4
37,949.7
37,340.3
1988
JANUARY-OCTOBER
-113,432.3
-114,348.5
265,342.6
264,900.4
378,774.9
379,248.9
34,522.7
JANUARY
-11,271.2
-11,532.6
24,488.2
22,990.1
35,759.4
FEBRUARY
-14,414.6
-12,994.3
24,518.3
24,138.6
38,932.9
37,132.9
MARCH
-11,703.0
-9,527.6
26,877.0
29,105.7
38,580.0
38,633.3
APRIL
-10,304.2
-10,192.8
26,028.6
26,334.9
36,332.8
36,527.7
MAY
-9,761.6
-9,514.2
27,478.4
28,142.6
37,240.0
37,656.8
JUNE
-13,215.5
-13,319.2
26,283.2
26,838.8
39,498.7
40,158.0
JULY
-9,472.9
-11,985.5
26,515.6
25,098.2
35,988.5
37.083.7
AUGUST
-12,269.6
-12,831.8
27,493.0
26,538.1
39,762.6
39,369.9
SEPTEMBER(R)
-10,672.8
-10,698.1
27,988.8
27,236.6
38,661.6
37,934.7
OCTOBER
-10,346.9
-11,752.4
27,671.5
28,476.8
38,018.4
40,229.2
6
EXHIBIT 2. EXPORTS (F.A.S. VALUE). GENERAL IMPORTS (CUSTOMS VALUES). AND MERCHANDISE TRADE
BALANCE, SEASONALLY ADJUSTED AND NOT SEASONALLY ADJUSTED: JANUARY 1986 TO OCTOBER 1988
In millions of dollars. Details may not add to totals due to rounding and other statistical procedures.
(R) Revised.
TRADE BALANCE
EXPORTS, F.A.S. VALUE
GENERAL IMPORTS, CUSTOMS VALUE
PERIOD
NOT
NOT
NOT
SEASONALLY
SEASONALLY
SEASONALLY
SEASONALLY
SEASONALLY
SEASONALLY
ADJUSTED
ADJUSTED
ADJUSTED
ADJUSTED
ADJUSTED
ADJUSTED
1986
JANUARY-DECEMBER
-138,279.2
-138,279.2
227,158.5
227,158.5
365,437.7
365,437.7
JANUARY-OCTOBER
-113,400.9
-114,516.2
188,608.7
188,386.4
302,009.6
302,902.6
JANUARY
-12,042.9
-12,165.8
18,557.1
17,605.3
30,600.0
29,771.1
FEBRUARY
-10,346.4
-9,027.6
18,520.1
18,052.8
28,866.5
27,080.4
MARCH
-11,125.3
-9,960.9
17,998.8
19,426.6
29,124.1
29,387.5
APRIL
-11,525.2
-11,618.0
18,761.6
19,038.7
30,286.8
30,656.7
MAY
-10,367.2
-10,705.9
19,022.9
19,471.2
29,390.1
30,177.1
JUNE
-9,922.5
-10,212.7
20,037.7
20,496.7
29,960.2
30,709.4
JULY
-11,238.4
-13,055.9
19,730.8
18,829.4
30,969.2
31,885.3
AUGUST
-12,152.6
-12,156.4
17,969.8
17,323.2
30,122.4
29,479.6
SEPTEMBER
-13,455.7
-13,143.5
18,281.8
17,785.3
31,737.5
30,928.8
OCTOBER
-11,224.7
-12,469.5
19,728.1
20,357.2
30,952.8
32,826.7
NOVEMBER
-13,370.7
-13,140.5
19,294.9
19,354.7
32,665.6
32,495.2
DECEMBER
-11,507.6
-10,622.5
19,254.8
19,417.4
30,762.4
30,039.9
1987
JANUARY-DECEMBER
-152,119.0
-152,119.0
254,121.9
254,121.9
406,241.0
406,241.0
JANUARY-OCTOBER
-127,463.9
-128,742.6
206,874.6
206,528.8
334,338.5
335,271.4
JANUARY
-13,265.2
-13,452.6
18,400.4
17,345.9
31,665.6
30,798.5
FEBRUARY
-12,497.1
-10,956.4
19,328.0
18,853.9
31,825.1
29,810.3
MARCH
-12,099.3
-10,628.8
20,172.0
21,835.5
32,271.3
32,464.3
APRIL
-11,575.9
-11,613.4
20,402.3
20,677.7
31,978.2
32,291.1
MAY
-12,251.3
-12,410.5
20,262.3
20,759.5
32,513.6
33,170.0
JUNE
-13,310.6
-13,721.3
21,107.5
21.636.7
34,418.1
35,358.0
JULY
-12,192.5
-14,430.9
22,432.9
21,379.0
34,625.4
35,809.9
AUGUST
-13,608.2
-13,747.1
20,884.1
20,079.1
34,492.3
33,826.2
SEPTEMBER
-12,772.1
-12,483.8
21,810.3
21,183.7
34,582.4
33,667.5
OCTOBER
-13,891.7
-15,297.8
22,074.8
22,777.8
35,966.5
38,075.6
NOVEMBER
-12,221.2
-11,932.2
23,094.9
23,278.7
35,316.1
35,210.9
DECEMBER
-12,433.9
-11,444.3
24,152.5
24,314.4
36,586.4
35,758.7
1988
JANUARY-OCTOBER
-98,194.4
-98,925.0
265,342.6
264,900.4
363,537.0
363,825.4
JANUARY
-9,769.4
-10,005.0
24,488.2
22,990.1
34,257.6
32,995.1
FEBRUARY
-13,210.7
-11,430.4
24,518.3
24,138.6
37,729.0
35,569.0
MARCH
-9,766.7
-7,924.3
26,877.0
29,105.7
36,643.7
37,030.0
APRIL
-8,796.4
-8,692.0
26,028.6
26,334.9
34,825.0
35,026.9
MAY
-8,253.3
-8,004.3
27,478.4
28,142.6
35,731.7
36,146.9
JUNE
-11,665.2
-11,750.7
26,283.2
26,838.8
37,948.4
38,589.5
JULY
-8,017.3
-10,484.7
26,515.6
25,098.2
34,532.9
35,582.9
AUGUST
-10,646.7
-11,203.0
27,493.0
26,538.1
38,139.7
37,741.1
SEPTEMBER(R)
-9,189.3
-9,222.5
27,988.8
27,236.6
37,178.1
36,459.1
OCTOBER
-8,879.4
-10,208.1
27,671.5
28,476.8
36,550.9
38,684.9
7
EXHIBIT 3. EXPORTS (F.A.S. VALUE), GENERAL IMPORTS (C.I.F. VALUE), AND
MERCHANDISE TRADE BALANCE, SEASONALLY ADJUSTED AND
NOT SEASONALLY ADJUSTED: NOV. 1986 TO OCT. 1988
(Merchandise trade balance is shown as a deficit)
Merchandise Trade Balance
Seasonally Adjusted and Not Seasonally Adjusted
15
15
blilons -
12
Secondary
- leasonally
Not securety
adjusted
educated moving
educated
over age
- - -
9 N D J F M A M , J A $ o N D J F M A M J , A $ o
1986
1987
1988
Exports (F.A.S. Value)
Seasonally Adjusted and Not Seasonally Adjusted
30-
25
ballons -
20
Security
1-manth -
Not associally
adjusts
adjusted mores
edjusted
over age
- - -
15 N D , F M A M J , A $ o N D J F M A M J , A S O
1986
1987
use
Imports (C.I.F. Value)
Seasonally Adjusted and Not Seasonally Adjusted
40
35
$ o billions
30
lemenally
I-manth security
Not
adjusted
adjust .. moving
adjusted
everage
- - -
25 N D , F M A M , J A $ o N D J F M A M , J A S o
1988
1986
1987
8
EXHIBIT 4. EXPORTS (F.A.S. VALUE), GENERAL IMPORTS (CUSTOMS VALUE).
AND MERCHANDISE TRADE BALANCE, SEASONALLY ADJUSTED
AND NOT SEASONALLY ADJUSTED: NOV. 1986 TO OCT. 1988
(Merchandise trade balance is shown as a deficit)
Merchandise Trade Balance
Seasonally Adjusted and Not Seasonally Adjusted
16.
13
blllows -
10
I 1
Secrenally
departed moving
Not securely
edjusted
everage
expensed
I
- - -
7
N D , F M A M , J A $ o N D , F M A M J J A $ o
1987
1988
1986
Exports (F.A.S. Value)
Seasonally Adjusted and Not Seasonally Adjusted
30
25
blillons -
20
I
- -
Not seasonally
adjusted
edjusted -
adjusted
everage use
- -
15
N D , F M A M J J A $ o N D , F M A M , , A S o
1986
1987
YESS
Imports (Customs Value)
Seasonally Adjusted and Not Seasonally Adjusted
40
35
bllows -
30
becometh
)-month reasonally
Net
adjusted
adjusted moving
adjusted
everage
25 N D , F M A M , J A $ o N D J F M A M , J A $ O
1986
1987
mes
,
9
EXHIBIT 5. EXPORTS (F.A.S. VALUE) BY PRINCIPAL END-USE COMMODITY CATEGORY, SEASONALLY ADJUSTED
AND NOT SEASONALLY ADJUSTED: JANUARY 1987 TO OCTOBER 1988
In millions of dollars. Details may not add to totals due to rounding and other statistical procedures.
(R) Revised.
PRINCIPAL END-USE COMMODITY CATEGORY
FOODS,
INDUSTRIAL
CAPITAL
AUTOMOTIVE
CONSUMER GOODS
OTHER
PERIOD
TOTAL
FEEDS
SUPPLIES
GOODS,
VEHICLES,
(NONFOOD),
MERCHAN-
AND
AND
EXCEPT
PARTS
EXCEPT
DISE (1)
BEVERAGES
MATERIALS
AUTOMOTIVE
AND ENGINES
AUTOMOTIVE
Seasonally adjusted
1987
JAN.-DEC
254,121.9
24,254.7
66,720.1
86,227.7
24,632.1
17,677.6
34,609.7
JAN.-OCT
206,874.6
20,367.3
54,065.6
69,963.5
19,794.0
14,509.3
28,174.9
JANUARY
18,400.4
1,689.0
5,088.0
6,186.0
1,855.9
1,298.3
2,283.2
FEBRUARY
19,328.0
1,730.3
4,939.9
6,573.1
1,943.0
1,316.9
2,824.8
MARCH
20,172.0
1,846.0
5,313.3
6,768.9
1,917.5
1,389.2
2,937.1
APRIL
20,402.3
1,853.1
5,499.7
6,861.6
1,878.9
1,399.2
2,909.8
MAY
20,262.3
2,011.4
5,433.1
6,836.6
1,915.6
1,469.2
2,596.4
JUNE
21,107.5
2,101.2
5,535.2
6,536.4
2,155.2
1,478.9
3,300.6
JULY
22,432.9
2,384.8
5,592.1
7,643.0
1,868.1
1,552.9
3,392.0
AUGUST
20,884.1
2,201.0
5,571.0
7,047.3
2,024.3
1,467.6
2,572.9
SEPTEMBER
21,810.3
2,247.9
5,606.2
8,041.0
2,115.8
1,616.2
2,183.2
OCTOBER
22,074.8
2,302.6
5,487.1
7,469.6
2,119.7
1,520.9
3,174.9
NOVEMBER
23,094.9
1,845.3
6,146.6
8,084.9
2,496.2
1,559.5
2,962.4
DECEMBER
24,152.5
2,041.9
6,507.9
8,179.6
2,341.9
1,608.8
3,472.4
1988
JAN.-OCT
265,342.6
27,199.8
70,386.7
89,825.2
24,051.0
18,871.3
35,008.1
JANUARY
24,488.2
2,216.9
6,647.7
8,738.6
2,141.5
1,611.6
3,131.9
FEBRUARY
24,518.3
2,525.8
6,637.2
8,573.3
2,392.4
1,779.6
2,610.0
MARCH
26,877.0
2,576.7
7,688.3
8,719.0
2,690.6
1,797.8
3,404.5
APRIL
26,028.6
2,557.9
7,312.4
8,796.4
2,349.1
1,772.5
3,240.4
MAY
27,478.4
2,927.3
7,144.1
9,251.3
2,424.3
1,923.9
3,807.4
JUNE
26,283.2
2,665.8
7,019.5
8,464.8
2,212.2
1,928.8
3,992.2
JULY
26,515.6
2,871.0
7,126.9
9,101.0
2,015.4
1,959.7
3,441.6
AUGUST
27,493.0
3,059.1
6,896.2
9,379.8
2,776.5
2,030.0
3,351.2
SEPTEMBER(R)
27,988.8
3,026.7
7,333.3
9,394.9
2,551.3
2,125.9
3,556.6
OCTOBER
27,671.5
2,772.6
6,581.1
9,406.1
2,497.7
1,941.5
4,472.3
Not seasonally adjusted
1987
JAN.-DEC
254,121.9
24,254.7
66,720.1
86,227.7
24,632.1
17,677.6
34,609.7
JAN.-OCT
206,528.8
19,833.0
54,007.0
69,878.3
20,058.1
14,577.4
28,174.9
JANUARY
17,345.9
1,734.9
4,769.4
5,543.3
1,802.6
1,212.5
2,283.2
FEBRUARY
18,853.9
1,801.2
4,706.6
6,267.1
1,999.5
1,254.8
2,824.8
MARCH
21,835.5
1,975.0
5,633.6
7,645.9
2,114.2
1,529.7
2,937.1
APRIL
20,677.7
1,839.1
5,472.4
7,004.6
2,047.7
1,404.1
2,909.8
MAY
20,759.5
1,820.2
5,626.1
6,986.7
2,186.5
1,543.6
2,596.4
JUNE
21,636.7
1,832.4
5,655.8
6,936.3
2,375.6
1,536.0
3,300.6
JULY
21,379.0
2,239.1
5,364.7
7,353.7
1,562.4
1,467.1
3,392.0
AUGUST
20,079.1
1,996.9
5,639.2
6,783.5
1,623.2
1,463.4
2,572.9
SEPTEMBER
21,183.7
2,101.1
5,549.9
7,621.2
2,172.9
1,555.4
2,183.2
OCTOBER
22,777.8
2,493.1
5,589.3
7,736.0
2,173.5
1,610.8
3,174.9
NOVEMBER
23,278.7
2,178.7
6,073.1
7,931.4
2,564.8
1,568.3
2,962.4
DECEMBER
24,314.4
2,243.0
6,640.0
8,418.0
2,009.2
1,531.9
3,472.4
1988
JAN.-OCT
264,900.4
26,369.5
70,550.1
89,673.5
24,342.1
18,957.3
35,008.1
JANUARY
22,990.1
2,270.1
6,179.6
7,817.5
2,088.6
1,502.4
3,131.9
FEBRUARY
24,138.6
2,620.2
6,572.6
8,174.7
2,466.1
1,695.1
2,610.0
MARCH
29,105.7
2,741.9
8,181.2
9,847.2
2,951.0
1,979.9
3,404.5
APRIL
26,334.9
2,529.0
7,244.5
8,989.0
2,556.0
1,776.0
3,240.4
MAY
28,142.6
2,630.8
7,471.1
9,451.1
2,757.9
2,024.4
3,807.4
JUNE
26,838.8
2,309.6
7,122.1
8,968.4
2,443.9
2,002.7
3,992.2
JULY
25,098.2
2,694.7
6,699.0
8,736.0
1,678.2
1,848.6
3,441.6
AUGUST
26,538.1
2,767.3
7,135.7
9,039.4
2,217.4
2,027.2
3,351.2
SEPTEMBER(R)
27,236.6
2,811.8
7,305.2
8,896.0
2,624.3
2,042.6
3,556.6
OCTOBER
28,476.8
2,994.1
6,639.1
9,754.2
2,558.7
2,058.4
4,472.3
(1) Includes military type goods, estimates of low-valued shipments, adjustment for undocumented exports
to Canada and reexports.
10
EXHIBIT 6. GENERAL IMPORTS (C.I.F. VALUE) BY PRINCIPAL END-USE COMMODITY CATEGORY, SEASONALLY ADJUSTED AND
NOT SEASONALLY ADJUSTED: JANUARY 1987 TO OCTOBER 1988
In millions of dollars. Details may not add to totals due to rounding and other statistical procedures.
(R) Revised.
PRINCIPAL END-USE COMMODITY CATEGORY
PERIOD
TOTAL
FOODS,
INDUSTRIAL
CAPITAL
AUTOMOTIVE
CONSUMER GOODS
OTHER
FEEDS
SUPPLIES
GOODS
VEHICLES,
(NONFOOD),
MERCHAN-
AND
AND
EXCEPT
PARTS
EXCEPT
DISE (1)
BEVERAGES
MATERIALS
AUTOMOTIVE
AND ENGINES
AUTOMOTIVE
Seasonally adjusted
1987
JAN.-DEC
424,442.1
26,848.7
117,293.8
86,992.1
87,478.6
93,632.1
12,196.8
JAN.-OCT
349,775.1
22,383.1
96,859.6
70,877.9
72,231.7
77,278.5
10,144.4
JANUARY
33,133.4
2,242.1
8,928.5
6,376.0
7,095.6
7,485.1
1,006.1
FEBRUARY
32,854.5
2,025.9
8,442.9
6,654.7
7,456.9
7,434.7
839.4
MARCH
33,996.3
2,321.0
9,236.2
6,907.4
6,819.3
7,661.5
1,051.0
APRIL
33,639.1
2,247.4
8,757.5
6,853.4
7,010.7
7,819.9
950.2
MAY
34,336.7
2,147.7
9,616.9
6,810.5
7,068.9
7,599.8
1,093.0
JUNE
36,165.6
2,368.9
9,847.1
7,555.4
7,345.9
8,090.8
957.4
JULY
36,311.1
2,260.6
10,836.7
7,168.9
7,260.0
7,824.9
960.0
AUGUST
35,962.2
2,117.4
10,518.4
7,311.2
7,234.5
7,821.4
959.4
SEPTEMBER
35,745.3
2,181.4
9,709.7
7,640.2
7,302.8
7,803.0
1,108.1
OCTOBER
37,630.9
2,470.7
10,965.7
7,600.2
7,637.1
7,737.4
1,219.8
NOVEMBER
36,717.3
2,260.9
10,285.5
7,859.0
7,460.2
7,862.3
989.3
DECEMBER
37,949.7
2,204.7
10,148.7
8,255.2
7,786.6
8,491.4
1,063.1
1988
JAN. -OCT
378,774.9
22,295.6
104,208.0
85,279.7
73,981.8
82,524.2
10,485.2
JANUARY
35,759.4
2,324.5
10,145.5
7,627.0
6,920.5
7,798.1
943.8
FEBRUARY
38,932.9
2,372.2
10,089.9
8,977.2
7,716.3
8,818.8
958.4
MARCH
38,580.0
2,402.9
10,523.1
8,630.9
7,662.7
8,239.8
1,120.5
APRIL
36,332.8
2,169.9
10,095.4
8,063.4
7,325.9
7,685.2
992.9
MAY
37,240.0
2,162.5
11,075.4
8,356.8
6,679.5
7,999.0
966.8
JUNE
39,498.7
2,072.4
10,789.2
9,257.0
7,546.6
8,701.7
1,131.8
JULY
35,988.5
2,044.7
10,311.1
7,970.9
6,753.1
7,818.0
1,090.7
AUGUST
39,762.6
2,359.4
10,862.4
9,120.4
7,451.4
8,862.0
1,106.9
SEPTEMBER(R)
38,661.6
2,130.1
9,953.6
8,951.5
8,037.3
8,494.2
1,094.9
OCTOBER
38,018.4
2,257.0
10,362.4
8,324.6
7,888.5
8,107.4
1,078.5
Not seasonally ad justed
1987
JAN.-DEC
424,442.1
26,848.7
117,293.8
86,992.1
87,478.6
93,632.1
12,196.8
JAN.-OCT
350,363.1
22,383.1
96,843.1
70,816.5
71,806.0
78,369.9
10,144.4
JANUARY
32,167.0
2,242.1
8,934.6
6,021.2
6,871.0
7,092.0
1,006.1
FEBRUARY
31,124.2
2,025.9
8,396.8
5,943.6
7,144.8
6,773.6
839.4
33,926.6
2,321.0
9,214.8
7,174.1
6,940.3
7,225.4
1,051.0
MARCH
APRIL
33,777.9
2,247.4
8,792.7
7,027.0
7,454.7
7,306.0
950.2
MAY
34,672.3
2,147.7
9,442.2
6,809.6
7,854.5
7,325.3
1,093.0
JUNE
36,927.5
2,368.9
9,995.9
7,661.6
7,751.0
8,192.7
957.4
JULY
37,455.1
2,260.6
10,851.6
7,613.9
6,789.9
8,979.1
960.0
AUGUST
35,388.9
2,117.4
10,457.4
7,069.4
6,437.6
8,347.7
959.4
SEPTEMBER
35,159.1
2,181.4
9,784.7
7,408.9
6,510.1
8,165.8
1,108.1
2,470.7
10,972.4
8,087.2
8,052.1
8,962.3
1,219.8
OCTOBER
39,764.5
NOVEMBER
36,738.7
2,260.9
10,205.0
7,613.2
7,923.8
7,746.6
989.3
DECEMBER
37,340.3
2,204.7
10,245.7
8,562.4
7,748.8
7,515.6
1,063.1
1988
JAN.-OCT
379,248.9
22,295.6
104,298.1
85,118.0
73,458.7
83,593.5
10,485.2
JANUARY
34,522.7
2,324.5
9,955.5
7,201.5
6,701.8
7,395.7
943.8
FEBRUARY
37,132.9
2,372.2
10,358.7
8,023.8
7,387.6
8,032.1
958.4
MARCH
38,633.3
2,402.9
10,628.5
8,961.5
7,765.4
7,754.5
1,120.5
APRIL
36,527.7
2,169.9
10,084.7
8,296.5
7,790.4
7,193.3
992.9
MAY
37,656.8
2,162.5
11,046.9
8,358.5
7,414.2
7,707.9
966.8
JUNE
40,158.0
2,072.4
10,829.9
9,389.4
7,939.8
8,794.8
1,131.8
JULY
37,083.7
2,044.7
10,110.5
8,504.1
6,334.4
8,999.3
1,090.7
AUGUST
39,369.9
2,359.4
11,054.7
8,788.5
6,629.5
9,430.9
1,106.9
SEPTEMBER(R)
37,934.7
2,130.1
9,944.3
8,703.5
7,168.5
8,893.4
1,094.9
OCTOBER
40,229.2
2,257.0
10,284.4
8,890.7
8,327.1
9,391.6
1,078.5
(1) Includes military type goods, estimates of low-valued shipments, and U. S. goods returned.
11
EXHIBIT 7. GENERAL IMPORTS (CUSTOMS VALUE) BY PRINCIPAL END-USE COMMODITY CATEGORY, SEASONALLY ADJUSTED
AND NOT SEASONALLY ADJUSTED: JANUARY 1987 TO OCTOBER 1988
In millions of dollars. Details may not add to totals due to rounding and other statistical procedures. (R) - Revised.
PRINCIPAL END-USE COMMODITY CATEGORY
PERIOD
TOTAL
FOODS, FEEDS
INDUSTRIAL
CAPITAL GOODS,
AUTOMOTIVE
CONSUMER GOODS
OTHER
AND BEVERAGES
SUPPLIES AND
EXCEPT AUTOMO-
VEHICLES. PARTS
(NONFOOD),
MERCHANDISE (1)
MATERIALS
TIVE
AND ENGINES
EXCEPT
AUTOMOTIVE
Seasonally adjusted
1987
JAN.-DEC
406,241.0
24,769.1
111,030.2
84,495.1
85,167.7
88,719.8
12,059.1
JAN.-OCT
334,338.5
20,629.9
91,319.3
68,841.4
70,329.3
73,188.5
10,030.1
JANUARY
31,665.6
2,074.8
8,387.5
6,195.9
6,910.9
7,098.3
998.2
6,462.6
7,276.5
7,038.3
829.1
FEBRUARY
31,825.1
1,860.3
8,358.3
MARCH
32,271.3
2,129.8
8,502.0
6,706.9
6,647.3
7,245.8
1,039.5
31,978.2
2,060.8
8,125.1
6,648.6
6,825.1
7,378.9
939.7
APRIL
MAY
32,513.6
1,977.4
8,759.5
6,609.8
6,886.2
7,197.8
1,082.9
34,418.1
2,189.2
9,128.5
7,336.2
7,152.0
7,670.5
941.7
JUNE
34,625.4
2,081.6
10,163.3
6,965.4
7,048.0
7,418.6
948.5
JULY
AUGUST
34,492.3
1,954.8
10,067.6
7,101.8
7,020.2
7,400.2
947.7
7,398.4
1,095.7
SEPTEMBER
34,582.4
2,015.9
9,523.6
7,425.5
7,123.3
OCTOBER
35,966.5
2,285.3
10,303.9
7,388.7
7,439.8
7,341.7
1,207.1
NOVEMBER
35,316.1
2,089.9
9,882.3
7,633.7
7,270.0
7,462.0
978.2
DECEMBER
36,586.4
2,049.3
9,828.5
8,019.9
7,568.6
8,069.3
1,050.8
1988
JAN.-OCT
363,537.0
20,559.9
98,460.7
83,058.6
72,310.2
78,795.8
10,351.9
JANUARY
34,257.6
2,131.7
9,458.3
7,490.6
6,760.6
7,489.5
926.8
37,729.0
2,185.5
10,000.7
8,614.2
7,599.1
8,388.4
941.2
FEBRUARY
36,643.7
2,202.7
9,612.3
8,402.9
7,475.0
7,842.9
1,107.9
MARCH
34,825.0
1,990.8
9,514.1
7,859.8
7,156.0
7,324.2
980.1
APRIL
MAY
35,731.7
1,996.7
10,463.4
8,143.6
6,533.2
7,639.2
955.7
37,948.4
1,912.4
10,204.3
9,022.5
7,379.2
8,311.8
1,118.2
JUNE
JULY
34,532.9
1,885.3
9,738.2
7,775.8
6,583.2
7,472.1
1,078.4
AUGUST
38,139.7
2,183.9
10,249.8
8,896.4
7,258.0
8,457.1
1,094.5
9,406.4
8,736.5
7,860.2
8,117.2
1,083.3
SEPTEMBER(R)
37,178.1
1,974.5
OCTOBER
36,550.9
2,096.4
9,813.2
8,116.3
7,705.7
7,753.4
1,065.8
Not seasonally adjusted
1987
JAN.-DEC
406,241.0
24,769.1
111,030.2
84,495.1
85,167.7
88,719.8
12,059.1
JAN.-OCT
335,271.4
20,629.9
91,694.9
68,780.8
69,916.6
74,219.1
10,030.1
30,798.5
2,074.8
8,461.9
5,850.9
6,693.4
6,719.3
998.2
JANUARY
29,810.3
1,860.3
7,968.6
5,772.0
6,972.8
6,407.5
829.1
FEBRUARY
MARCH
32,464.3
2,129.8
8,733.1
6,966.0
6,766.0
6,829.9
1,039.5
939.7
32,291.1
2,060.8
8,324.8
6,816.6
7,257.4
6,891.8
APRIL
MAY
33,170.0
1,977.4
8,912.9
6,608.3
7,651.4
6,937.1
1,082.9
JUNE
35,358.0
2,189.2
9,474.4
7,439.9
7,546.0
7,766.8
941.7
JULY
35,809.9
2,081.6
10,276.8
7,397.9
6,591.0
8,514.1
948.5
AUGUST
33,826.2
1,954.8
9,910.5
6,866.4
6,246.6
7,900.2
947.7
SEPTEMBER
33,667.5
2,015.9
9,261.1
7,200.5
6,349.1
7,745.2
1,095.7
38,075.6
2,285.3
10,370.8
7,862.3
7,842.9
8,507.2
1,207.1
OCTOBER
35,210.9
2,089.9
9,671.6
7,395.1
7,720.5
7,355.6
978.2
NOVEMBER
35,758.7
2,049.3
9,663.7
8,319.2
7,530.6
7,145.1
1,050.8
DECEMBER
1988
JAN.-OCT
363,825.4
20,559.9
98,475.3
82,887.9
71,734.0
79,816.2
10,351.9
JANUARY
32,995.1
2,131.7
9,288.3
7,047.2
6,507.8
7,093.3
926.8
35,569.0
2,185.5
9,859.9
7,700.2
7,240.4
7,641.8
941.2
FEBRUARY
MARCH
37,030.0
2,202.7
10,027.9
8,725.6
7,583.4
7,382.5
1,107.9
8,086.9
7,609.7
6,855.4
980.1
APRIL
35,026.9
1,990.8
9,504.0
MAY
36,146.9
1,996.7
10,436.3
8,145.2
7,251.8
7,361.1
955.7
JUNE
38,589.5
1,912.4
10,243.0
9,151.5
7,763.7
8,400.7
1,118.2
JULY
35,582.9
1,885.3
9,547.1
8,296.0
6,175.0
8,601.1
1,078.4
37,741.1
2,183.9
10,432.6
8,572.6
6,457.5
9,000.0
1,094.5
AUGUST
36,459.1
1,974.5
9,397.5
8,494.5
7,010.5
8,498.8
1,073.3
SEPTEMBER(R)
OCTOBER
38,684.9
2,096.4
9,738.7
8,668.2
8,134.2
8,981.5
1,005.8
(1) Includes military type goods, estimates of low-valued shipments, and U. S. goods returned.
EXHIBIT 8-1. SUMMARY OF CHANGES IN EXPORTS (F.A.S. VALUE). GENERAL IMPORTS (C.I.F. VALUE) AND MERCHANDISE
TRADE BALANCE BY COMMODITY GROUPING, COUNTRY, ECONOMIC AND GEOGRAPHIC AREA,
NOT SEASONALLY ADJUSTED: SEPTEMBER TO OCTOBER 1988
In millions of dollars. Details my not equal totals due to rounding and other statistical procedures.
(X) - Not applicable. (R) Revised.
TRADE BALANCE
EXPORTS. F.A.S. VALUE
GENERAL IMPORTS, C.I.F. VALUE
ITEM
TOTAL
TOTAL
OCTOBER
SEPTEMBER
OCTOBER
SEPTEMBER
CHANGE
OCTOBER
SEPTEMBER
CHANGE
TOTAL
-11,752.4
(R)-10,698.1
28,476.8
(R)27,236.6
1,240.2
40,229.2
(R)37,934.7
2,294.5
COMMODITY GROUPING:
AGRICULTURAL COMMODITIES.
1,379.8
1,376.8
3,302.0
3,179.5
122.5
1,922.2
1,802.7
119.5
MANUFACTURED GOODS
-13,584.6
-11,367.7
18,715.1
18,698.2
16.9
32,299.7
30,065.9
2,233.8
PETROLEUM AND PRODUCTS
-2,905.2
-3,048.9
231.7
253.3
-21.6
3,136.9
3,302.2
-165.3
BITUMINOUS COAL
369.9
408.9
373.9
409.8
-35.9
4.0
0.9
3.1
NATURAL GAS
-92.8
-94.8
19.7
19.8
-0.1
112.5
114.6
-2.1
NONMONETARY GOLD
40.9
32.3
184.7
143.3
41.4
143.8
111.0
32.8
FISH AND PREPARATIONS
-270.8
-226.2
174.1
202.0
-27.9
444.9
428.2
16.7
CRUDE MATERIALS
158.6
313.9
1,078.5
1,202.9
-124.4
919.9
889.0
30.9
REEXPORTS
1,075.8
1,104.4
1,075.8
1,104.4
-28.6
(X)
(x)
(x)
UNDOCUMENTED EXPORTS
TO CANADA
1,518.3
(R) 742.6
1,518.3
(R) 742.6
775.7
(x)
(x)
(X)
ALL OTHER
557.7
496.8
1,803.0
1,721.2
81.8
1,245.3
1,224.4
20.9
TIMING ADJUSTMENTS
(X)
-436.3
(x)
-440.5
(x)
(X)
-4.2
(X)
COUNTRY/ECONOMIC/
GEOGRAPHIC AREAS:
CANADA
-960.7
(R) -892.7
6,410.6
(R) 6,162.9
247.7
7,371.3
7,055.6
315.7
WESTERN EUROPE
-1,146.2
-878.7
7,752.1
7,216.1
536.0
8,898.3
8,094.8
803.5
JAPAN
-5,518.2
-4,084.3
3,206.1
3,244.5
-38.4
8,724.3
7,328.8
1,395.5
NEWLY INDUSTRIALIZED
COUNTRIES (NICS)
-2,984.8
-3,076.9
2,788.0
2,891.3
-103.3
5,772.8
5,968.2
-195.4
OPEC
-768.2
-687.2
1,239.8
1,343.0
-103.2
2,008.0
2,030.2
-22.2
MEXICO
31.8
-37.0
2,043.6
1,935.6
108.0
2,011.8
1,972.6
39.2
BRAZIL
-518.8
-584.0
314.4
330.8
-16.4
833.2
914.8
-81.6
ALL OTHER
112.7
-21.1
4,722.2
4,552.8
169.4
4,609.5
4,573.9
35.6
TIMING ADJUSTMENTS
(x)
-436.3
(x)
-440.5
(x)
(X)
-4.2
-(x)
EXHIBIT 8-2. SUMMARY OF CHANGES IN EXPORTS (F.A.S. VALUE), GENERAL IMPORTS (CUSTOMS VALUE) AND MERCHANDISE
TRADE BALANCE BY COMMODITY GROUPING. COUNTRY, ECONOMIC AND GEOGRAPHIC AREA,
NOT SEASONALLY ADJUSTED: SEPTEMBER TO OCTOBER 1988
In millions of dollars. Details may not equal totals due to rounding and other statistical procedures.
(X) - Not applicable. (R) Revised.
TRADE BALANCE
EXPORTS. F.A.S. VALUE
GENERAL IMPORTS, CUSTOMS VALUE
ITEM
TOTAL
TOTAL
OCTOBER
SEPTEMBER
OCTOBER
SEPTEMBER
CHANGE
OCTOBER
SEPTEMBER
CHANGE
TOTAL
-10,208.1
(R)-9,222.5
28,476.8
(R)27,236.6
1,240.2
38,684.9
(R)36,459.1
2,225.8
COMMODITY GROUPING:
AGRICULTURAL COMMODITIES
1,527.1
1,520.1
3,302.0
3,179.5
122.5
1,774.9
1,659.4
115.5
MANUFACTURED GOODS
-12,509.4
-10,358.1
18,715.1
18,698.2
16.9
31,224.5
29,056.3
2,168.2
PETROLEUM AND PRODUCTS
-2,684.3
-2,812.6
231.7
253.3
-21.6
2,916.0
3,065.9
-149.9
BITUMINOUS COAL
371.0
409.0
373.9
409.8
-35.9
2.9
0.8
2.1
NATURAL GAS
-92.1
-94.2
19.7
19.8
-0.1
111.8
114.0
-2.2
NONMONETARY GOLD
41.0
32.4
184.7
143.3
41.4
143.7
110.9
32.8
FISH AND PREPARATIONS
-249.4
-204.9
174.1
202.0
-27.9
423.5
406.9
16.6
CRUDE MATERIALS
208.3
362.1
1,078.5
1,202.9
-124.4
870.2
840.8
29.4
REEXPORTS
1,075.8
1,104.4
1,075.8
1,104.4
-28.6
(x)
(x)
(x)
UNDOCUMENTED EXPORTS
TO CANADA
1,518.3
(R) 742.6
1,518.3
(R) 742.6
775.7
(X)
(X)
(x)
ALL OTHER
585.6
552.0
1,803.0
1,721.2
81.8
1,217.4
1,199.2
18.2
TIMING ADJUSTMENTS
(x)
-445.4
(X)
-440.5
(x)
(X)
4.9
(x)
COUNTRY/ECONOMIC/
GEOGRAPHIC AREAS:
CANADA
-922.0
(R) -854.5
6,410.6
(R) 6,162.9
247.7
7,332.6
7,017.4
315.2
WESTERN EUROPE
-769.7
-533.4
7,752.1
7,216.1
536.0
8,521.8
7,749.5
772.3
JAPAN
-5,211.1
-3,828.9
3,206.1
3,244.5
-38.4
8,417.2
7,073.4
1,343.8
NEWLY INDUSTRIALIZED
COUNTRIES (NICS)
-2,711.0
-2,795.0
2,788.0
2,891.3
-103.3
5,499.0
5,686.3
-187.3
OPEC
-598.6
-518.4
1,239.8
1,343.0
-103.2
1,838.4
1,861.4
-23.0
MEXICO
54.1
-16.0
2,043.6
1,935.6
108.0
1,989.5
1,951.6
37.9
BRAZIL
-465.4
-526.2
314.4
330.8
-16.4
779.8
857.0
-17.2
ALL OTHER
415.6
295.2
4,722.2
4,552.8
169.4
4,306.6
4,257.6
49.0
TIMING ADJUSTMENTS
(x)
-445.4
(X)
-440.5
(X)
(X)
4.9
(X)
13
EXHIBIT 9. EXPORTS (F.A.S. VALUE) AND GENERAL IMPORTS (C.I.F. VALUE) BY PRINCIPAL COMMODITY GROUPINGS, NOT SEASONALLY ADJUSTED:
1988 AND 1987
in millions of dollars. Details may not add to totals due to rounding and other statistical procedures.
Dash (-) Represents zero. (NA) Not available. (Z) Less than one-half of rounded unit. (R) Revised. (x) Not applicable.
1988
1987
OCTOBER
SEPTEMBER
CUMULATIVE TO DATE
OCTOBER
CUMULATIVE TO DATE
ITEM
EXPORTS
IMPORTS
EXPORTS
IMPORTS
EXPORTS
IMPORTS
EXPORTS
IMPORTS
EXPORTS
IMPORTS
F.A.S.
C.I.F.
F.A.S.
C.I.F.
F.A.S.
C.I.F.
F.A.S.
C.I.F.
F.A.S.
C.I.F.
TOTAL
28,476.8
40,229.2
(R)27,236.6
(R)37,934.7
264,900.4
379,248.9
22,777.8
39,764.5
206,528.8
350,363.1
SUMMARY:
DOMESTIC EXPORTS:
GENERAL IMPORTS
AGRICULTURAL
COMMODITIES
3,302.0
1,922.2
3,179.5
1,802.7
30,040.9
19,286.3
2,676.1
1,978.0
22,852.2
17,442.6
ANIMAL FEEDS
279.6
29.2
290.1
32.0
2,819.4
252.5
181.6
16.2
2,193.3
197.8
COCOA
0.8
50.0
1.6
60.8
10.0
804.3
0.6
98.3
11.6
882.2
COFFEE
4.0
192.0
3.6
201.7
34.0
2,116.0
5.6
345.8
40.8
2,555.5
CORN
564.6
1.2
500.3
0.7
4,145.5
13.9
280.2
0.6
2,708.4
7.8
COTTON, RAW
71.2
0.1
86.0
0.1
1,646.7
0.9
114.0
(Z)
1,184.6
0.5
RICE
79.7
4.9
61.8
5.5
633.3
57.2
61.3
3.5
464.2
35.7
RUBBER CRUDE
3.1
131.5
4.4
118.6
37.6
1,271.8
3.1
92.5
30.1
988.6
3,329.9
0.7
SOYBEANS
421.6
5.4
235.5
0.4
3,762.4
13.0
547.7
0.1
SUGAR
16.8
70.2
9.8
50.9
89.9
386.8
7.2
25.3
77.9
418.8
TOBACCO, UNMANUFAC-
TURED
84.6
54.4
80.8
30.6
990.1
370.6
72.6
37.6
772.6
534.9
VEGETABLES AND FRUIT
362.8
402.5
323.2
369.9
2,863.2
4,436.0
354.5
355.2
2,399.0
4,315.5
WHEAT
377.0
9.3
490.0
6.8
4,060.9
58.5
280.9
2.9
2,545.9
33.6
OTHER AGRICULTURAL
1,036.2
971.5
1,092.4
924.7
8,947.9
9,504.8
766.1
1,000.6
7,093.9
7,471.0
MANUFACTURED GOODS
18,715.1
32,299.7
18,698.2
30,065.9
176,974.1
297,993.5
14,424.6
29,941.9
139,152.8
267,967.8
ADP EQUIPMENT:
OFFICE MACHINERY
2,005.0
2,042.8
1,972.8
1,972.7
18,866.6
18,876.0
1,693.5
1,855.0
14,966.4
15,162.5
AIRPLANES
1,122.8
90.5
651.7
221.8
10,093.5
1,911.6
528.4
283.8
7.833.6
1,641.0
AIRPLANE PARTS
686.1
252.9
648.9
207.0
6,110.9
2,282.1
592.4
222.7
5,442.0
1,970.1
ALUMINUM
168.4
302.3
210.1
324.5
1,686.7
2,961.2
101.1
289.8
946.9
2,408.9
ARTWORK/ANTIQUES
60.3
221.8
55.2
147.4
769.0
1,676.3
51.3
182.1
578.0
1,556.9
CHEMICALS-DYING
TANNING
59.1
74.1
60.3
73.2
589.3
889.0
51.4
97.3
521.6
897.1
CHEMICALS-FERTILIZER
241.2
80.7
239.7
75.4
2,108.8
901.0
218.0
66.4
1,849.4
675.1
CHEMICALS-MEDICINAL
PHARMACEUTICAL
366.8
149.4
369.4
163.3
3,268.7
1,576.1
274.1
118.0
2,700.8
1,211.1
CHEMICALS-ORGANIC/
INORGANIC
977.8
957.2
1,349.6
844.8
10,736.3
9,236.4
750.1
768.6
8,728.2
7,257.0
CHEMICALS-PERFUME
MATERIALS: POLISH-
ING AND CLEANING
PREPARATIONS
97.5
109.8
92.5
98.1
903.1
1,031.1
78.8
90.9
771.5
863.5
CHEMICALS-SYNTHETIC
RESINS AND PLASTICS
505.4
200.1
535.7
199.1
5,251.4
1,926.6
385.6
175.0
3,813.0
1,558.9
CHEMICALS-TURPENTINE
WAXES AND PRODUCTS,
NSPF
276.3
164.5
367.1
127.2
3,116.0
1,460.0
244.3
111.4
2,571.4
1,159.4
CLOTHING & FOOTWEAR.
161.6
2,639.1
178.2
2,704.0
1,497.8
26,409.1
126.2
2,599.3
1,094.3
25,235.7
COPPER
43.4
209.8
122.1
140.7
613.3
1,737.5
27.5
137.7
270.7
1,284.7
ELECTRICAL MACHINERY
1,986.3
2,970.8
1,873.1
2,814.2
17,872.4
26,020.5
1,529.2
2,416.9
13,592.7
20,515.3
FIXTURES-PLUMBING
HEATING/LIGHTING
27.4
79.2
30.3
71.5
281.6
755.0
21.8
71.5
217.5
712.2
FURNITURE AND PARTS.
78.4
440.8
74.9
405.1
687.0
4,252.9
57.4
443.5
503.7
4,167.5
GEM DIAMONDS
70.8
450.3
93.1
342.0
737.9
3,679.8
55.8
324.8
534.6
2,913.3
GENERAL INDUSTRIAL
MACHINERY
884.6
1,081.0
910.7
1,022.5
8,643.1
11,054.5
702.7
975.9
6,585.0
9,583.1
GLASS
65.3
77.6
65.2
70.7
605.3
681.6
51.8
75.7
494.5
673.0
IRON AND STEEL MILL
PRODUCTS
196.3
845.3
202.3
883.0
1,433.1
9,203.5
88.0
742.5
920.1
7,539.1
LOCOMOTIVES: RAILWAY
522.8
VEHICLES
20.6
36.7
30.1
46.0
264.2
384.1
20.3
57.6
295.6
METAL MANUFACTURES
NSPF
292.8
428.3
294.4
393.8
2,704.6
4,152.4
227.4
402.2
2,191.4
3,643.5
METALWORKING
MACHINERY
177.7
263.0
161.7
247.8
1,559.0
2,761.5
125.7
244.2
1,306.2
2.546.0
MOTORCYCLES/PARTS
BICYCLES/TRAILERS.
29.6
122.8
29.1
86.8
327.8
1,000.1
19.9
100.1
205.4
1,005.9
MUSICAL INSTRUMENTS/
RECORDING MEDIA
193.6
258.9
188.9
251.9
1,789.4
2,149.7
131.9
236.5
1,195.5
2,174.2
NICKEL
17.6
108.2
12.9
117.3
135.4
1,012.8
8.0
68.5
86.8
454.6
OPTICAL GOODS
35.3
110.6
33.6
103.0
345.7
1,121.1
31.5
106.5
303.4
1.077.7
PAPER/PAPERBOARD/
NEWSPRINT
314.9
377.7
351.6
401.0
3,236.0
3,886.0
257.2
363.6
2,625.1
3,483.0
PHOTOGRAPHIC APPAR-
RATUS/SUPPLIES
207.6
306.1
203.0
237.7
1,923.1
2,368.6
173.6
261.1
1,689.6
2,170.2
PLATINUM
10.1
130.9
12.9
110.5
197.6
988.6
17.8
85.5
114.8
935.2
TTERY
6.3
129.6
6.3
133.2
45.3
1,202.9
3.3
153.0
30.2
1,199.0
WER GENERATING
MACHINERY
1,248.6
1,039.5
1,089.5
944.5
10,577.8
9,359.4
841.8
891.0
8,162.3
8,174.1
PRINTED MATTER
160.0
156.6
164.8
159.0
1,586.5
1,389.8
127.6
153.9
1,278.4
1,297.9
RUBBER/PLASTIC
ARTICLES EX TIRES
169.0
368.4
180.9
358.7
1,723.0
3,599.1
136.9
341.5
1,309.6
3,094.0
SCIENTIFIC INSTRUMENTS
AND PARTS
796.2
444.5
766.6
432.4
7,320.9
4,339.1
679.1
426.1
6,053.5
3,771.8
SILVER BULLION
5.3
23.8
2.8
29.1
69.4
393.3
13.8
46.6
70.6
385.4
SPACECRAFT AND PARTS
31.5
7.8
21.5
6.0
363.0
62.6
57.5
20.4
258.0
49.9
SPECIALIZED INDUSTRIAL
MACHINERY
1,030.6
989.2
1,017.4
966.3
9,706.8
10,569.1
801.1
962.2
7,471.0
9,118.1
TELECOMMUNICATIONS
APPARATUS: EQUIP-
MENT: AND PARTS
590.8
2,274.9
542.0
2,053.8
5,351.9
18,545.4
440.4
2,164.1
4.078.1
17.610.1
TEXTILE YARNS. FABRICS.
AND ARTICLES.
317.8
563.1
346.8
511.2
3,011.4
5,630.4
249.2
625.9
2,416.2
5,755.9
TIRES AND TUBES-
AUTOMOTIVE
64.0
196.7
67.4
175.6
642.8
1,798.3
44.2
164.1
415.3
1,692.7
TOYS/GAMES/SPORTING
GOODS
113.1
778.5
106.6
740.3
1,036.8
5,837.7
75.2
702.3
720.0
5.371.8
TRAVEL GOODS
5.8
179.7
5.5
170.6
54.6
1,768.7
4.7
195.5
37.5
1,719.1
14
EXHIBIT 9. EXPORTS (F.A.S. VALUE) AND GENERAL IMPORTS (C.I.F. VALUE) BY PRINCIPAL COMMODITY GROUPINGS, NOT SEASONALLY ADJUSTED:
1988 AND 1987 CONTINUED
In millions of dollars, except percent. Details may not add to totals due to rounding and other statistical procedures.
Dash (-)Represents zero. (NA) Not available. (2) Less than one-half of rounded unit. (R) Revised. (X) Not applicable.
1988
1987
OCTOBER
SEPTEMBER
CUMULATIVE TO DATE
OCTOBER
CUMULATIVE TO DATE
ITEM
EXPORTS
IMPORTS
EXPORTS
IMPORTS
EXPORTS
IMPORTS
EXPORTS
IMPORTS
EXPORTS
IMPORTS
F.A.S.
C.I.F.
F.A.S.
C.I.F.
F.A.S.
C.I.F.
F.A.S.
C.I.F.
F.A.S.
C.I.F.
MANUFACTURED GOODS-CONTINUED
UMBRELLAS/BASKETS
BROOMS/BRUSHES/
CANDLES AND OTHER
MISCELLANEOUS
ARTICLES
44.9
141.8
44.7
150.7
452.5
1,310.6
36.3
133.1
338.4
1,212.8
VEHICLES AND PARTS:
CARS, NEW CANADIAN.
508.7
1,149.6
675.6
1,136.4
5,290.4
11,128.5
466.7
927.8
4,633.4
8,010.7
CARS, NEW JAPANESE.
28.8
2,109.0
52.2
1,398.7
201.6
16,425.7
10.8
2,167.6
50.7
18,188.0
CARS. NEW OTHER
COUNTRIES
179.9
1,160.9
89.3
1,200.8
1,344.7
11,446.7
92.0
1,437.0
653.2
13,707.4
TRUCKS
261.0
757.7
258.2
624.9
2,479.1
6,433.5
237.3
514.3
2,084.3
7,043.2
CHASSIS/BODIES
48.5
177.9
50.8
153.7
499.0
1,619.2
46.2
162.3
497.3
1,227.9
PARTS
1,042.6
1,344.3
1,059.4
1,243.6
10,134.3
12,471.5
907.4
1,244.7
8,506.8
10,945.5
VESSELS/FLOATING
STRUCTURES/PARTS
62.8
51.4
65.2
56.2
802.9
651.8
54.5
48.9
572.7
556.5
WATCHES/CLOCKS/PARTS
10.9
198.9
10.5
192.9
105.9
1,615.6
6.9
195.7
74.3
1,422.7
WOOD MANUFACTURES
67.2
185.4
68.9
228.1
684.2
1,952.5
57.4
226.3
555.7
1,916.8
ZINC
1.9
91.0
1.7
83.5
19.1
703.0
1.8
59.6
16.1
502.5
OTHER MANUFACTURED
GOODS
538.3
2,196.3
582.5
2,011.7
5,115.6
19,392.4
389.8
2,065.1
3,919.5
16,995.5
PETROLEUM AND
PETROLEUM PRODUCTS
231.7
3,136.9
253.3
3,302.2
3,003.2
35,109.4
322.6
4,341.4
3,159.1
37,192.5
CRUDE PETROLEUM
1.3
2,119.1
7.5
2,219.4
70.7
23,575.3
13.2
3,068.0
102.8
25,745.7
OTHER PETROLEUM
PRODUCTS
230.4
1,017.8
245.7
1,082.8
2,932.5
11,534.1
309.4
1,273.4
3,056.3
11,446.8
MINERAL FUELS. EXCL
PETROLEUM PRODUCTS
424.6
145.5
458.1
140.5
3,665.0
1,812.0
307.6
160.5
3,077.1
1,518.4
COAL
373.9
4.0
409.8
0.9
3,232.6
26.1
271.4
3.0
2,688.3
39.9
NATURAL GAS
19.7
112.5
19.8
114.6
182.3
1,482.6
17.4
139.0
246.2
1,324.0
NONMONETARY GOLD
184.7
143.8
143.3
111.0
4,427.9
1,057.5
103.2
273.1
1,002.3
1,401.9
CRUDE MATERIALS
EXCLUDING AGRICUL-
TURAL & FUELS
1,078.5
919.9
1,202.9
889.0
11,076.7
8,790.8
818.6
813.1
8,159.3
7,468.2
CORK. WOOD. LUMBER
333.2
284.2
368.0
289.5
3,642.1
2,932.0
292.9
313.5
2,581.7
3,007.1
PULP & WASTE PAPER
298.6
250.4
344.2
219.2
3,051.0
2,260.0
215.0
175.2
2,339.1
1,747.5
METAL ORES: SCRAP
357.1
304.0
377.7
303.2
3,422.5
2,878.5
245.4
262.5
2,411.6
2,129.8
OTHER CRUDE
MATERIAL
89.6
81.3
112.9
77.1
961.1
720.3
65.2
61.9
827.0
583.8
FISH AND PREPARATIONS.
174.1
444.9
202.0
428.2
1,965.2
4,604.8
152.5
531.1
1,364.7
4,887.0
FISH- FRESH:
CHILLED: FROZEN
82.7
173.3
144.8
174.4
1,280.2
1,837.4
74.4
223.9
882.4
2,113.1
BEVERAGES: TOBACCO
EXCL. AGRICULTURAL
289.8
423.3
296.1
361.9
2,706.5
1.9
247.6
423.1
2,094.9
3,123.8
CIGARETTES
234.5
3.9
240.0
3.0
2,164.9
:.6
193.5
2.8
1,665.2
28.0
DISTILLED ALCOHO-
LIC BEVERAGES
16.3
198.9
13.7
154.5
128.7
1,269.1
9.9
177.8
91.6
1,149.6
OTHER BEVERAGES:
TOBACCO EXCLUDING
AGRICULTURAL
39.0
220.4
42.5
204.3
413.0
1,987.2
44.3
242.5
338.1
1,946.1
JNDOCUMENTED EXPORTS
TO CANADA
1,518.3
(x)
(R) 742.6
(x)
8,027.3
(X)
797.8
(x)
5,026.9
(x)
ALL OTHER DOMESTIC
EXPORTS & GENERAL
IMPORTS
1,482.2
793.0
1,396.7
837.5
13,235.3
7,796.4
1,103.5
921.2
11.079.7
9,060.3
REEXPORTS
1,075.8
(x)
1,104.4
(x)
10,061.7
(x)
798.1
(X)
7,296.6
(X)
AGRICULTURAL
COMMODITIES
48.1
(x)
44.7
(x)
485.4
(x)
34.7
(x)
406.1
(x)
MANUFACTURED GOODS
940.9
(x)
986.9
(x)
8,642.6
(x)
711.4
(x)
6,380.6
(x)
PETROLEUM AND
PETROLEUM PRODUCTS.
2.3
(x)
5.8
(x)
35.5
(x)
0.3
(x)
54.6
(x)
NONMONETARY GOLD
43.8
(x)
12.4
(x)
407.8
(x)
11.9
(x)
99.0
(x)
OTHER REEXPORTS
40.7
(x)
54.6
(x)
490.4
(x)
39.8
(x)
356.3
(x)
TIMING ADJUSTMENTS
(x)
(x)
-440.5
-4.2
-283.4
-487.7
1,025.6
381.1
2,263.2
300.6
1
EXHIBIT 10. EXPORTS (F.A.S. VALUE) AND GENERAL IMPORTS (CUSTOMS VALUE) BY PRINCIPAL COMMODITY GROUPINGS, NOT SEASONALLY ADJUSTED:
1988 AND 1987
In millions of dollars. Details may not add to totals due to rounding and other statistical procedures.
Dash (-) Represents zero. (NA) Not available. (2) Less than one-half of rounded unit. (R) Revised. (x) Not applicable.
1988
1987
OCTOBER
SEPTEMBER
CUMULATIVE TO DATE
OCTOBER
CUMULATIVE TO DATE
ITEM
EXPORTS
IMPORTS
EXPORTS
IMPORTS
EXPORTS
IMPORTS
EXPORTS
IMPORTS
EXPORTS
IMPORTS
F.A.S.
CUSTOMS
F.A.S.
CUSTOMS
F.A.S.
CUSTOMS
F.A.S.
CUSTOMS
F.A.S.
CUSTOMS
TOTAL
28,476.8
38,684.9
(R)27,236.6
(R)36,459.1
264,900.4
363,825.4
22,777.8
38,075.6
206,528.8
335,271.4
SUMMARY:
DOMESTIC EXPORTS:
GENERAL IMPORTS
AGRICULTURAL
COMMODITIES
3,302.0
1,774.9
3,179.5
1,659.4
30,040.9
17,672.8
2,676.1
1,810.6
22,852.2
17,275.2
ANIMAL FEEDS
279.6
28.4
290.1
30.7
2,819.4
240.9
181.6
15.4
2,193.3
185.1
COCOA
0.8
46.5
1.6
57.0
10.0
754.5
0.6
92.8
11.6
827.0
COFFEE
4.0
181.1
3.6
191.3
34.0
2,013.0
5.6
324.2
40.8
2,431.5
CORN
564.6
1.2
500.3
0.6
4,145.5
12.9
280.2
0.6
2,708.4
7.3
COTTON, RAW
71.2
0.1
86.0
0.1
1,646.7
0.9
114.0
(Z)
1,184.6
0.5
RICE
79.7
4.2
61.8
4.8
633.3
49.4
61.3
2.9
464.2
29.2
RUBBER, CRUDE
3.1
123.2
4.4
111.5
37.6
1,188.8
3.1
85.3
30.1
910.1
SOYBEANS
421.6
5.4
235.5
0.4
3,762.4
13.0
547.7
0.1
3,329.9
0.
SUGAR
16.8
66.0
9.8
46.7
89.9
352.2
7.2
22.5
77.9
382.4
TOBACCO, UNMANUFAC-
TURED
84.6
51.5
80.8
28.3
990.1
346.6
72.6
35.2
772.6
503.6
VEGETABLES AND FRUIT
362.8
357.3
323.2
327.3
2,863.2
3,877.2
354.5
309.7
2,399.0
3,759.7
WHEAT
377.0
9.2
490.0
6.8
4,060.9
58.2
280.9
2.8
2,545.9
33.2
OTHER AGRICULTURAL
1,036.2
900.8
1,092.4
853.9
8,947.9
8,765.2
766.8
919.1
7,093.9
8,204.9
MANUFACTURED GOODS
18,715.1
31,224.5
18,698.2
29,056.3
176,974.1
287,588.8
14,424.6
28,801.4
139,152.8
257,445.8
ADP EQUIPMENT:
OFFICE MACHINERY
2,005.0
1,996.6
1,972.8
1,929.2
18,866.6
18,434.6
1,693.5
1,801.4
14,966.4
14,713.1
AIRPLANES
1,122.8
90.3
651.7
221.4
10,093.5
1,907.8
528.4
283.3
7,833.6
1,637.:
AIRPLANE PARTS
686.1
250.1
648.9
204.6
6,110.9
2,255.5
592.4
220.0
5,442.0
1,944.(
ALUMINUM
168.4
297.3
210.1
320.4
1,686.7
2,909.6
101.1
284.1
946.9
2,353.2
ARTWORK/ANTIQUES
60.3
219.8
55.2
145.6
769.0
1,656.8
51.3
179.7
578.0
1,535.
CHEMICALS-DYING
TANNING
59.1
71.2
60.3
70.7
589.3
857.6
51.4
93.5
521.6
858.9
CHEMICALS-FERTILIZERS
241.2
75.5
239.7
69.4
2,108.8
831.8
218.0
61.7
1,849.4
621.9
CHEMICALS-MEDICINAL
PHARMACEUTICAL
366.8
146.5
369.4
160.8
3,268.7
1,549.4
274.1
115.8
2,700.8
1,187.
CHEMICALS-ORGANIC/
INORGANIC
977.8
918.7
1,349.6
809.8
10,736.3
8,807.6
750.1
730.8
8,728.2
6,901.5
CHEMICALS-PERFUME
MATERIALS: POLISH-
ING AND CLEANING
PREPARATIONS
97.5
105.6
92.5
94.4
903.1
993.3
78.8
87.1
771.5
827.8
CHEMICALS-SYNTHETIC
RESINS AND PLASTICS
505.4
191.8
535.7
190.4
5,251.4
1,835.8
385.6
165.9
3,813.0
1,472.:
CHEMICALS-TURPENTINE
WAXES AND PRODUCTS,
NSPF
276.3
158.7
367.1
121.6
3,116.0
1,394.4
244.3
105.8
2,571.4
1,099.2
CLOTHING & FOOTWEAR.
161.6
2,487.7
178.2
2,557.2
1,497.8
24,931.9
126.2
2,439.3
1,094.3
23,602.:
COPPER
43.4
205.9
122.1
137.4
613.3
1,701.0
27.5
133.6
270.7
1,245.9
ELECTRICAL MACHINERY
1,986.3
2,902.3
1,873.1
2,749.1
17,872.4
25,407.4
1,529.2
2,355.2
13,592.7
19,977.:
FIXTURES-PLUMBING
HEATING/LIGHTING
27.4
74.0
30.3
66.6
281.6
702.6
21.8
66.2
217.5
656.:
FURNITURE AND PARTS.
78.4
413.8
74.9
380.3
687.0
3,949.0
57.4
409.3
503.7
3,836.8
GEM DIAMONDS
70.8
447.1
93.1
340.8
737.9
3,662.3
55.8
323.4
534.6
2,900.0
GENERAL INDUSTRIAL
MACHINERY
884.6
1,044.2
910.7
988.3
8,643.1
10,666.4
702.7
939.5
6,585.0
9,218.7
GLASS
65.3
74.4
65.2
67.7
605.3
648.2
51.8
71.9
494.5
638.2
IRON AND STEEL MILL
PRODUCTS
196.3
787.3
202.3
821.6
1,433.1
8,534.9
88.0
687.5
920.1
6,973.1
LOCOMOTIVES: RAILWAY
VEHICLES
20.6
36.2
30.1
45.4
264.2
376.8
20.3
56.3
295.6
509.1
METAL MANUFACTURES
NSPF
292.8
408.6
294.4
374.9
2,704.6
3,945.5
227.4
380.3
2,191.4
3,440.5
METALWORKING
MACHINERY
177.7
254.2
161.7
238.4
1,559.0
2,665.7
125.7
234.5
1,306.2
2,451.0
MOTORCYCLES/PARTS
BICYCLES/TRAILERS
29.6
117.9
29.1
83.1
327.8
954.2
19.9
94.7
205.4
948.5
MUSICAL INSTRUMENTS/
RECORDING MEDIA
193.6
251.6
188.9
244.8
1,789.4
2,087.2
131.9
228.0
1,195.5
2,105.:
NICKEL
17.6
107.7
12.9
116.6
135.4
1,006.9
8.0
67.8
86.8
448..
OPTICAL GOODS
35.3
107.6
33.6
100.2
345.7
1,088.3
31.5
103.5
303.4
1,044.
PAPER/PAPERBOARD/
NEWSPRINT
314.9
370.0
351.6
391.9
3,236.0
3,805.8
257.2
355.7
2,625.1
3,407.
PHOTOGRAPHIC APPAR-
RATUS/SUPPLIES
207.6
298.2
203.0
231.1
1,923.1
2,307.7
173.6
253.7
1,689.6
2,114.:
PLATINUM
10.1
130.5
12.9
110.1
197.6
986.3
17.8
85.3
114.8
931.4
POTTERY
6.3
118.9
6.3
122.9
45.3
1,105.9
3.3
139.2
30.2
1,093.:
POWER GENERATING
MACHINERY
1,248.6
1,022.0
1,089.5
929.6
10,577.8
9,201.4
841.8
876.3
8,162.3
8,037.1
PRINTED MATTER
160.0
149.6
164.8
150.5
1,586.5
1,327.0
127.6
145.8
1,278.4
1,235.
RUBBER/PLASTIC
ARTICLES EX TIRES
169.0
349.2
180.9
339.8
1,723.0
3,402.4
136.9
319.7
1,309.6
2,895.
SCIENTIFIC INSTRUMENTS
AND PARTS
796.2
434.0
766.6
422.0
7,320.9
4,235.9
679.1
415.6
6,053.5
3,680.
SILVER BULLION
5.3
23.7
2.8
29.1
69.4
392.6
13.8
46.5
70.6
376.
SPACECRAFT AND PARTS
31.5
7.7
21.5
5.9
363.0
62.1
57.5
20.4
258.0
49.
SPECIALIZED INDUSTRIAL
MACHINERY
1,030.6
957.3
1,017.4
936.0
9,706.8
10,226.6
801.1
928.6
7,471.0
8,792.
TELECOMMUNICATIONS
APPARATUS: EQUIP-
MENT; AND PARTS
590.8
2,229.5
542.0
2,016.4
5,351.9
18,209.7
440.4
2,119.2
4,078.1
17,240.:
TEXTILE YARNS, FABRICS,
AND ARTICLES
317.8
532.4
346.8
482.9
3,011.4
5,317.4
249.2
589.1
2,416.2
5,410.:
TIRES AND TUBES--
AUTOMOTIVE
64.0
183.9
67.4
163.9
642.8
1,675.7
44.2
153.6
415.3
1,579.
TOYS/GAMES/SPORTING
GOODS
113.1
736.2
106.6
697.8
1,036.8
5,505.8
75.2
650.5
720.0
4,994.t
TRAVEL GOODS
5.8
168.9
5.5
160.3
54.6
1,660.6
4.7
183.1
37.5
1,597.1
16
EXHIBIT 10. EXPORTS (F.A.S. VALUE) AND GENERAL IMPORTS (CUSTOMS VALUE) BY PRINCIPAL COMMODITY GROUPINGS, NOT SEASONALLY ADJUSTED:
1988 AND 1987 -- CONTINUED
In millions of dollars, except percent. Details may not add to totals due to rounding and other statistical procedures.
Dash (-)Represents zero. (NA) Not available. (2) Less than one-half of rounded unit. (R) Revised. (X) Not applicable.
1988
1987
OCTOBER
SEPTEMBER
CUMULATIVE TO DATE
OCTOBER
CUMULATIVE TO DATE
ITEM
EXPORTS
IMPORTS
EXPORTS
IMPORTS
EXPORTS
IMPORTS
EXPORTS
IMPORTS
EXPORTS
IMPORTS
F.A.S.
CUSTOMS
F.A.S.
CUSTOMS
F.A.S.
CUSTOMS
F.A.S.
CUSTOMS
F.A.S.
CUSTOMS
MANUFACTURED GOODS-CONTINUED
UMBRELLAS/BASKETS
BROOMS/BRUSHES/
CANDLES AND OTHER
MISCELLANEOUS
ARTICLES
44.9
130.2
44.7
138.2
452.5
1,200.0
36.3
120.8
338.4
1,099.3
VEHICLES AND PARTS:
CARS, NEW CANADIAN.
508.7
1,149.6
675.6
1,136.4
5,290.4
11,128.4
466.7
927.8
4,633.4
8,010.6
CARS. NEW JAPANESE.
28.8
2,032.0
52.2
1,348.5
201.6
15,827.2
10.8
2,086.1
50.7
17,494.6
CARS, NEW OTHER
COUNTRIES
179.9
1,135.3
89.3
1,168.7
1,344.7
11,149.9
92.0
1,400.7
653.2
13,368.9
TRUCKS
261.0
740.3
258.2
614.7
2,479.1
6,270.6
237.3
497.5
2,084.3
6,812.0
CHASSIS/BODIES
48.5
173.1
50.8
150.6
499.0
1,577.2
46.2
156.1
497.3
1,188.6
PARTS
1,042.6
1,309.7
1,059.4
1,210.2
10,134.3
12,125.0
907.4
1,206.9
8,506.8
10,632.9
VESSELS/FLOATING
STRUCTURES/PARTS
62.8
49.0
65.2
53.9
802.9
626.4
54.5
46.1
572.7
525.5
WATCHES/CLOCKS/PARTS
10.9
194.4
10.5
188.7
105.9
1,579.0
6.9
190.8
74.3
1,388.4
W000 MANUFACTURES
67.2
172.7
68.9
211.1
684.2
1,819.2
57.4
208.4
555.7
1,772.4
ZINC
1.9
89.7
1.7
81.5
19.1
690.8
1.8
58.2
16.1
491.6
OTHER MANUFACTURED
GOODS
538.3
2,093.9
582.5
1,912.9
5,115.6
18,409.7
389.8
1,899.6
3,919.5
16,076.5
PETROLEUM AND
PETROLEUM PRODUCTS
231.7
2,916.0
253.3
3,065.9
3,003.2
32,634.5
322.6
4,081.9
3,159.1
35,169.8
CRUDE PETROLEUM
1.3
1,979.9
7.5
2,064.9
70.7
21,965.8
13.2
2,895.7
102.8
24,520.6
OTHER PETROLEUM
PRODUCTS
230.4
936.1
245.7
1,001.0
2,932.5
10,668.7
309.4
1,186.2
3,056.3
10,649.3
MINERAL FUELS, EXCL
PETROLEUM PRODUCTS
424.6
141.0
458.1
137.7
3,665.0
1,769.5
307.6
158.3
3,077.1
1,498.0
COAL
373.9
2.9
409.8
0.8
3,232.6
22.1
271.4
2.4
2,688.3
34.9
NATURAL GAS
19.7
111.8
19.8
114.0
182.3
1,477.8
17.4
139.0
246.2
1,320.7
NONMONETARY GOLD
184.7
143.7
143.3
110.9
4,427.9
1,056.1
103.2
273.0
1,002.3
1,393.7
CRUDE MATERIALS
EXCLUDING AGRICUL-
TURAL & FUELS
1,078.5
870.2
1,202.9
840.8
11,076.7
8,311.4
818.6
763.2
8,159.3
7,039.5
CORK, WOOD, LUMBER
333.2
275.3
368.0
281.3
3,642.1
2,840.1
292.9
303.5
2,581.7
2,898.2
PULP & WASTE PAPER
298.6
248.1
344.2
215.9
3,051.0
2,234.5
215.0
174.2
2,339.1
1,729.5
METAL ORES: SCRAP
357.1
280.7
377.7
280.2
3,422.5
2,656.1
245.4
236.1
2,411.6
1,950.1
OTHER CRUDE
MATERIAL
89.6
66.1
112.9
63.3
961.1
580.6
65.2
49.4
827.0
461.7
FISH AND PREPARATIONS.
174.1
423.5
202.0
406.9
1,965.2
4,374.2
152.5
507.3
1,364.7
4,649.0
FISH- FRESH:
CHILLED: FROZEN
82.7
161.2
144.8
162.5
1,280.2
1,707.3
74.4
210.5
882.4
1,974.0
BEVERAGES: TOBACCO
EXCL. AGRICULTURAL
289.8
393.1
296.1
333.5
2,706.5
3,029.4
247.6
389.9
2,094.9
2,861.0
CIGARETTES
234.5
3.8
240.0
2.9
2,164.9
28.8
193.5
2.8
1,665.2
27.3
DISTILLED ALCOHO-
LIC BEVERAGES
16.3
189.6
13.7
147.5
128.7
1,213.5
9.9
169.0
91.6
1,094.5
OTHER BEVERAGES;
TOBACCO EXCLUDING
AGRICULTURAL
39.0
199.7
42.5
183.1
413.0
1,787.1
44.3
218.2
338.1
1,739.3
UNDOCUMENTED EXPORTS
TO CANADA
1,518.3
(x)
(R) 742.6
(x)
8,027.3
(x)
797.8
(x)
5,026.9
(x)
ALL OTHER DOMESTIC
EXPORTS & GENERAL
IMPORTS
1,482.2
796.0
1,396.7
842.8
13,235.3
7,841.8
1,103.5
928.5
11,079.7
7,650.8
REEXPORTS
1,075.8
(x)
1,104.4
(X)
10,061.7
(X)
798.1
(x)
7,296.6
(x)
AGRICULTURAL
COMMODITIES
48.1
(x)
44.7
(X)
485.4
(x)
34.7
(x)
406.1
(x)
MANUFACTURED GOODS
940.9
(x)
986.9
(x)
8,642.6
(x)
711.4
(x)
6,380.6
(x)
PETROLEUM AND
PETROLEUM PRODUCTS
2.3
(x)
5.8
(x)
35.5
(x)
0.3
(x)
54.6
(x)
NONMONETARY GOLD
43.8
(x)
12.4
(x)
407.8
(x)
11.9
(x)
99.0
(x)
OTHER REEXPORTS
40.7
(x)
54.6
(x)
490.4
(x)
39.8
(x)
356.3
(x)
TIMING ADJUSTMENTS
(X)
(x)
-440.5
4.9
-283.4
-453.1
1,025.6
361.5
2,263.2
288.6
EXHIBIT 11-1. EXPORTS (F.A.S. VALUE) AND GENERAL IMPORTS (C.I.F. VALUE) BY SITC SECTIONS, NOT SEASONALLY ADJUSTED:
1988 AND 1987
In millions of dollars. Details may not add to totals due to rounding and other statistical procedures.
Dash (-) Represents zero. (NA) Not available. (2) Less than one-half of rounded unit. (R) Revised.
(X) Not applicable.
1988
1987
OCTOBER
SEPTEMBER
CUMULATIVE TO DATE
OCTOBER
CUMULATIVE TO DATE
ITEM
EXPORTS
IMPORTS
EXPORTS
IMPORTS
EXPORTS
IMPORTS
EXPORTS
IMPORTS
EXPORTS
IMPORTS
F.A.S.
C.I.F.
F.A.S.
C.I.F.
F.A.S.
C.I.F.
F.A.S.
C.I.F.
F.A.S.
C.I.F.
TOTAL
28,476.8
40,229.2
(R)27,236.6
(R)37,934.7
264,900.4
379,248.9
22,777.8
39,764.5
206,528.8
350,363.1
FOOD AND LIVE ANIMALS.
2,487.8
1,725.4
2,554.1
1,668.2
21,655.6
18,160.7
1,766.1
1,959.6
15,710.7
18,658.3
BEVERAGES AND TOBACCO.
374.3
477.6
377.0
392.5
3,696.6
3,656.4
320.2
460.6
2,867.5
3,658.7
CRUDE MATERIALS,
INEDIBLE EXCEPT FUEL.
1,993.0
1,242.2
1,922.3
1,180.6
20,474.2
11,879.2
1,832.1
1,073.7
16,211.3
10,122.7
MINERAL FUELS.
LUBRICANTS AND
RELATED MATERIAL
656.3
3,282.4
711.4
3,442.7
6,668.1
36,921.4
630.1
4,501.9
6,236.2
38,711.0
OILS AND FATS-
ANIMAL AND VEGETABLE.
125.7
95.9
158.2
87.4
1,245.0
724.6
86.2
67.5
776.1
490.1
CHEMICALS AND RELATED
PRODUCTS
2,622.6
1,765.5
3,119.1
1,607.7
26,935.6
17,355.0
2,075.5
1,452.9
21,700.0
13,891.1
MANUFACTURED GOODS
CLASSIFIED CHIEFLY
BY MATERIAL
1,938.5
5,610.4
2,180.6
5,372.4
18,679.5
53,970.6
1,430.0
5,096.3
14,013.8
46,635.5
MACHINERY AND
TRANSPORT EQUIPMENT
12,011.7
18,197.8
11,275.4
16,628.7
111,152.5
165,151.8
9,210.1
16,943.9
87,585.4
149,706.9
MISCELLANEOUS MANU-
FACTURED ARTICLES
2,142.4
6,726.0
2,123.2
6,457.0
20,206.5
61,516.2
1,709.0
6,448.8
15,853.6
57,734.5
COMMODITIES AND TRANS-
ACTIONS NOT CLASSIFIED
ELSEWHERE
3,048.7
1,106.0
2,151.4
1,101.6
24,408.5
10,400.8
1,894.6
1,378.1
16,014.4
10,454.0
REEXPORTS
1,075.8
(X)
1,104.4
(X)
10,061.7
(X)
798.1
(X)
7,296.6
(X)
TIMING ADJUSTMENTS
(x)
(X)
-440.5
-4.2
-283.4
-487.7
1,025.6
381.1
2,263.2
300.6
EXHIBIT 11-2. EXPORTS (F.A.S. VALUE) AND GENERAL IMPORTS (CUSTOMS VALUE) BY SITC SECTIONS, NOT SEASONALLY ADJUSTED:
1988 AND 1987
In millions of dollars. Details may not add to totals due to rounding and other statistical procedures.
Dash (-) Represents zero. (NA) Not available. (2) Less than one-half of rounded unit. (R) - Revised.
(X) Not applicable.
1988
1987
OCTOBER
SEPTEMBER
CUMULATIVE TO DATE
OCTOBER
CUMULATIVE TO DATE
ITEM
EXPORTS
IMPORTS
EXPORTS
IMPORTS
EXPORTS
IMPORTS
EXPORTS
IMPORTS
EXPORTS
IMPORTS
F.A.S.
CUSTOMS
F.A.S.
CUSTOMS
F.A.S.
CUSTOMS
F.A.S.
CUSTOMS
F.A.S.
CUSTOMS
TOTAL
28,476.8
38,684.9
(R)27,236.6
(R)36,459.1
264,900.4
363,825.4
22,777.8
38,075.6
206,528.8
335,271.4
FOOD AND LIVE ANIMALS.
2,487.8
1,603.3
2,554.1
1,548.0
21,655.6
16,762.5
1,766.1
1,816.9
15,710.7
17,234.8
BEVERAGES AND TOBACCO.
374.3
444.7
377.0
361.9
3,696.6
3,376.0
320.2
425.1
2,867.5
3,364.6
CRUDE MATERIALS.
INEDIBLE EXCEPT FUEL.
1,993.0
1,170.7
1,922.3
1,110.8
20,474.2
11,178.8
1,832.1
1,002.1
16,211.3
9,480.2
MINERAL FUELS.
LUBRICANTS AND
RELATED MATERIAL
656.3
3,057.0
711.4
3,203.6
6,668.1
34,404.0
630.1
4,240.2
6,236.2
36,667.8
OILS AND FATS--
ANIMAL AND VEGETABLE.
125.7
89.2
158.2
81.8
1,245.0
670.9
86.2
61.5
776.1
440.8
CHEMICALS AND RELATED
PRODUCTS
2,622.6
1,695.5
3,119.1
1,541.9
26,935.6
16,576.1
2,075.5
1,384.0
21,700.0
13,219.7
MANUFACTURED GOODS
CLASSIFIED CHIEFLY
BY MATERIAL
1,938.5
5,354.6
2,180.6
5,116.6
18,679.5
51,363.6
1,430.0
4,829.0
14,013.8
44,141.8
MACHINERY AND
TRANSPORT EQUIPMENT
12.011.7
17,765.8
11,275.4
16,250.0
111,152.5
161,158.5
9,210.1
16,490.3
87,585.4
145,616.1
MISCELLANEOUS MANU-
FACTURED ARTICLES
2,142.4
6,408.6
2,123.2
6,147.9
20,206.5
58,490.5
1,709.0
6,098.1
15,853.6
54,468.2
COMMODITIES AND TRANS-
ACTIONS NOT CLASSIFIED
ELSEWHERE
3,048.7
1,095.6
2,151.4
1,091.9
24,408.5
10,297.6
1,894.6
1,366.9
16,014.4
10,348.7
REEXPORTS
1,075.8
(X)
1,104.4
(x)
10,061.7
(X)
798.1
(x)
7,296.6
(X)
TIMING ADJUSTMENTS
(x)
(x)
-440.5
4.9
-283.4
-453.1
1,025.6
361.5
2,263.2
288.6
18
EXHIBIT 12. GENERAL IMPORTS (C. I. F. VALUE) OF PETROLEUM, NOT SEASONALLY ADJUSTED: 1988 AND 1987
Details may not equal totals due to rounding and other statistical procedures.
ENERGY PRODUCTS
CRUDE PETROLEUM
PERIOD
BARRELS
ALL OTHER
NONENERGY
TOTAL
PER
TOTAL
TOTAL
BARRELS
ENERGY
PRODUCTS
DAY
PER
PRODUCTS
TOTAL
DAY
Net quantity
thousands of
barrels)
1988
JANUARY-OCTOBER
2,248,501
7,372
2,229,120
1,563,309
5,126
665,812
19,381
JANUARY
214,691
6,926
213,575
141,507
4,565
72,068
1,116
FEBRUARY
232,502
8,017
231,205
152,084
5,244
79,121
1,297
MARCH
206,268
6,654
204,710
145,138
4,682
59,572
1,558
APRIL
213,506
7,117
211.637
146,548
4,885
65,089
1,868
MAY
240,450
7,756
238,558
173,098
5,584
65,460
1,893
JUNE
220,784
7,359
218,181
165,471
5,516
52,710
2,603
JULY
216,803
6,994
214,657
152,771
4,912
62.386
2,147
AUGUST
244,120
7,875
241,997
163,201
5,265
78,796
2.124
SEPTEMBER
226,243
7,541
224.021
157,823
5,261
66,198
2,222
OCTOBER
233,133
7,520
230,579
166,167
5,360
64,412
2.554
NOVEMBER
DECEMBER
1987
JANUARY-DECEMBER
2,470,578
6,769
2,446,135
1,744,977
4,781
701.158
24,443
JANUARY-OCTOBER
2,056,290
6,764
2,035,335
1,459,417
4,801
575,918
20,955
JANUARY
166,458
5,370
165,082
120,578
3,890
44,504
1,376
FEBRUARY
197,255
7,045
196,238
129,293
4,618
66,945
1,017
MARCH
185,678
5,990
184,044
122,371
3,947
61,673
1,634
APRIL
168,919
5,631
165,804
115,176
3,839
50,628
3,114
MAY
191,549
6,179
189,855
142,168
4,586
47,687
1,695
JUNE
214,739
7,158
212,502
153,260
5,109
59,242
2,237
JULY
243,023
7,839
240,660
173,906
5,610
66,754
2.364
AUGUST
243,380
7,851
240,817
178,446
5,756
62,371
2,564
SEPTEMBER
212,148
7,072
209,166
155,962
5,199
53,204
2.982
OCTOBER
233,140
7,521
231,167
168,257
5,428
62,910
1.972
NOVEMBER
215,135
7,171
212,956
149,456
4,982
63,500
2,179
DECEMBER
199,153
6,424
197,844
136,105
4,390
61.739
1,309
ENERGY PRODUCTS
PERIOD
CRUDE PETROLEUM
NONENERGY
TOTAL
UNIT PRICE
ALL OTHER
PRODUCTS
(dollars)
TOTAL
TOTAL
UNIT PRICE
ENERGY
TOTAL
(dollars)
PRODUCTS
Value (thousands of dollars)
1988
JANUARY-OCTOBER
35,109,437
15.61
34,744,797
23,575,307
15.08
11,169,487
364,639
JANUARY
3.632,330
16.92
3,603,101
2,365,976
16.72
1,237,125
29,229
FEBRUARY
3,816,708
16.42
3,784,296
2,466,246
16.22
1,318,050
32,412
MARCH
3.237.533
15.70
3,202,771
2.226,677
15.34
976,094
34,762
APRIL
3,350,957
15.69
3,317,964
2,236,999
15.26
1,080,965
32,993
MAY
3,942,540
16.40
3,901,063
2,716,045
15.69
1,185,018
41,477
JUNE
3,574,200
16.19
3,533,988
2,591,408
15.66
942.580
40,212
JULY
3,418,377
15.77
3,379,409
2,290,684
15.04
1,088,725
38,968
AUGUST
3,697,683
15.15
3,658,303
2,342,802
14.36
1,315,501
39,380
SEPTEMBER
3,302,235
14.60
3,259,771
2,219,386
14.06
1,040,385
42,465
OCTOBER
3,136,873
13.46
3,104,131
2,119,087
12.75
985,044
32,742
NOVEMBER
DECEMBER
1987
JANUARY-DECEMBER
44,762,370
18.12
44,279,405
30,839,923
17.67
13,439,482
482,965
JANUARY-OCTOBER
37,192,549
18.09
36,791,405
25,745,727
17.64
11,045,676
401,144
JANUARY
2,541,508
15.27
2,517,426
1,770,587
14.68
746,839
24,082
FEBRUARY
3,357,483
17.02
3,331,607
2,099,938
16.24
1,231,669
25,876
MARCH
3,181,868
17.14
3,145,173
2,030,098
16.59
1,115,075
36,695
APRIL
2,993,412
17.72
2,957,825
1,994,950
17.32
962,875
35,587
MAY
3,477,178
18.15
3,447,396
2,523,462
17.75
923,934
29,782
JUNE
4,018,938
18.72
3,971,249
2,776,830
18.12
1,194,419
47,689
JULY
4,649,334
19.13
4,599,975
3,231.592
18.58
1,368,383
49,359
AUGUST
4,699,796
19.31
4,649,177
3,375,836
18.92
1,273,341
50,619
SEPTEMBER
3,931,668
18.53
3,873,524
2,874,399
18.43
999.125
58.144
OCTOBER
4,341,362
18.62
4,298,051
3,068,035
18.23
1,230,016
43,310
NOVEMBER
3,991,165
18.55
3,941,682
2,697,598
18.05
1,244,084
49,483
DECEMBER
3,578,656
17.97
3,546,317
2,396,598
17.61
1,149,719
32,338
NOTE: All other energy products include crude petroleum derivatives to be refined. gasoline including motor
fuels, jet fuel, kerosene, distillate fuel oil. residual fuel oil, propane and butane gas. naphthas and
liquid petroleum derivatives, n.e.s.
Nonenergy products include lubricating oil, lubricating greases, paraffin and other mineral waxes, asphalt.
and other petroleum products.
19
EXHIBIT 13. GENERAL IMPORTS (CUSTOMS VALUE) OF PETROLEUM, NOT SEASONALLY ADJUSTED: 1988 AND 1987
Details may not equal totals due to rounding and other statistical procedures.
ENERGY PRODUCTS
CRUDE PETROLEUM
PERIOD
BARRELS
ALL OTHER
NONENERGY
TOTAL
PER
TOTAL
TOTAL
BARRELS
ENERGY
PRODUCTS
DAY
PER
PRODUCTS
TOTAL
DAY
Net quantity
thousands of
barrels)
1988
JANUARY-OCTOBER
2,248,501
7,372
2,229,120
1,563,309
5,126
665,812
19,381
JANUARY
214,691
6,926
213,575
141,507
4,565
72,068
1,116
FEBRUARY
232,502
8,017
231,205
152,084
5,244
79,121
1,297
MARCH
206,268
6,654
204,710
145,138
4,682
59,572
1,558
APRIL
213,506
7,117
211,637
146,548
4,885
65,089
1,868
MAY
240,450
7.756
238,558
173,098
5,584
65,460
1,893
JUNE
220,784
7,359
218,181
165,471
5,516
52,710
2,603
JULY
216,803
6,994
214,657
152,271
4,912
62,386
2,147
AUGUST
244,120
7,875
241,997
163,201
5,265
78,796
2,124
SEPTEMBER
226,243
7,541
224,021
157,823
5,261
66,198
2,222
OCTOBER
233,133
7,520
230,579
166,167
5,360
64,412
2,554
NOVEMBER
DECEMBER
1987
JANUARY-DECEMBER
2,470,578
6,769
2,446,135
1,744,977
4,781
701,158
24,443
JANUARY-OCTOBER
2,056,290
6,764
2,035,335
1,459,417
4,801
575,918
20,955
JANUARY
166,458
5,370
165,082
120,578
3,890
44,504
1,376
FEBRUARY
197,255
7,045
196,238
129,293
4,618
66,945
1,017
MARCH
185,678
5,990
184,044
122,371
3,947
61,673
1,634
APRIL
168,919
5,631
165,804
115,176
3,839
50,628
3,114
MAY
191,549
6,179
189,855
142,168
4,586
47,687
1,695
JUNE
214,739
7,158
212.502
153,260
5,109
59,242
2,237
JULY
243,023
7,839
240,660
173,906
5,610
66,754
2,364
AUGUST
243,380
7,851
240,817
178,446
5,756
62,371
2,564
SEPTEMBER
212,148
7,072
209,166
155,962
5,199
53,204
2,982
OCTOBER
233,140
7,521
231,167
168,257
5,428
62,910
1,972
NOVEMBER
215,135
7,171
212,956
149,456
4,982
63,500
2,179
DECEMBER
199,153
6,424
197,844
136,105
4,390
61,739
1,309
ENERGY PRODUCTS
PERIOD
CRUDE PETROLEUM
NONENERGY
TOTAL
UNIT PRICE
ALL OTHER
PRODUCTS
(dollars)
TOTAL
TOTAL
UNIT PRICE
ENERGY
TOTAL
(dollars)
PRODUCTS
Value (thousands of dollars)
1988
JANUARY-OCTOBER
32,634,451
14.51
32,313,584
21,965,763
14.05
10,347,820
320,867
JANUARY
3,342,822
15.57
3,317,659
2,169,753
15.33
1,147,906
25,163
FEBRUARY
3,555,982
15.29
3,527,249
2,312,408
15.20
1,214,841
28,732
MARCH
3,002,417
14.56
2,971,218
2,066,842
14.24
904,376
31,198
APRIL
3,113,305
14.58
3,084,560
2,081,852
14.21
1,002,708
28,745
MAY
3,682,077
15.31
3,645,442
2,543,098
14.69
1,102,344
36,635
JUNE
3,340,324
15.13
3,305,404
2,428,877
14.68
876,527
34,920
JULY
3,175,047
14.64
3,141.164
2,134,222
14.02
1,006,942
33,883
AUGUST
3,440,612
14.09
3,405,100
2,183,883
13.38
1,221,217
35,512
SEPTEMBER
3,065,877
13.55
3,028,723
2,064,925
13.08
963,798
37,155
OCTOBER
2,915,987
12.51
2,887,065
1,979,904
11.92
907.161
28,923
NOVEMBER
DECEMBER
1987
JANUARY-DECEMBER
42,285,408
17.12
41,858,899
29,320,513
16.80
12,538,386
426,509
JANUARY-OCTOBER
35,169,766
17.10
34,816,635
24,520,563
16.80
10,296,072
353,131
JANUARY
2,389,834
14.36
2,369,019
1,670,868
13.86
698,147
20,819
FEBRUARY
3,170,119
16.07
3,147,475
2,000,491
15.47
1,146,984
MARCH
22,643
3,014,197
16.23
2,982,503
1,941,812
15.87
1,040,691
31,694
APRIL
2,831,755
16.76
2,801,583
1,908,866
16.57
892,717
30,173
MAY
3,286,724
17.16
3,260,310
2,405,578
16.92
854,732
26,414
JUNE
3,814,905
17.77
3,772,771
2,653,680
17.31
1,119,091
42,133
JULY
4,409,792
18.15
4,366.158
3,091,110
17.77
1,275,048
43,634
AUGUST
4,461,008
18.33
4,415,542
3,224,968
18.07
1,190,574
45,466
SEPTEMBER
3,709,571
17.49
3,658,051
2,727,461
17.49
930,590
51,520
OCTOBER
4,081,861
17.51
4,043,228
2,895,730
17.21
1,147,498
38,633
NOVEMBER
3,774,234
17.54
3,730,085
2,559,393
17.12
1,170,692
44,149
DECEMBER
3,341,409
16.78
3,312,179
2,240,558
16.46
1,071,621
29,230
NOTE: All other energy products include crude petroleum derivatives to be refined, gasoline including motor
fuels, jet fuel, kerosene, distillate fuel oil, residual fuel oil, propane and butane gas, naphthas and
liquid petroleum derivatives, n.e.s.
Nonenergy products include lubricating oil, lubricating greases, paraffin and other mineral waxes, asphalt.
and other petroleum products.
20
EXHIBIT 14. EXPORTS (F.A.S. VALUE). GENERAL IMPORTS (C.I.F. VALUE) AND MERCHANDISE TRADE BALANCE -
COUNTRIES. ECONOMIC AND GEOGRAPHIC AREAS. NOT SEASONALLY ADJUSTED: 1988 AND 1987
In millions of dollars. Details may not equal totals due to rounding and other statistical procedures.
(X) Not applicable. (R) Revised.
TRADE BALANCE
EXPORTS (F.A.S VALUE)
IMPORTS (C.T.F. VALUE)
ITEM
OCTOBER
SEPTEMBER
CUMULATIVE
OCTOBER
SEPTEMBER
CUMULATIVE
OCTOBER
SEPTEMBER
CUMULATIVE
1988
1988
TO DATE
1988
1988
TO DATE
1988
1988
TO DATE
1988
1988
1988
TOTAL
-11,752.4
(R)-10,698.1
-114,348.5
28,476.8
(R)27,236.6
264,900.4
40,229.2
(R)37,934.7
379,248.9
DEVELOPED
COUNTRIES
-7,136.2
-5,464.0
-65,501.7
18,383.5
(R)17,502.0
170,281.3
25,519.7
22,966.0
235,783.0
CANADA TOTAL
-960.7
-892.7
-9,300.0
6,410.6
(R) 6,162.9
58,989.0
7,371.3
7,055.6
68,289.0
COMPILED
(X)
(X)
(X)
4,892.3
5,420.3
50,961.7
(X)
(X)
(X)
UNDOCUMENTED
(X)
(X)
(X)
1,518.3
(R) 742.6
8,027.3
(X)
(X)
(X)
WESTERN EUROPE
-1,146.2
-878.7
-13,410.2
7,752.1
7,216.1
72,447.6
8,898.3
8,094.8
85,857.8
EEC
-552.7
-463.6
-10,048.7
6,795.6
6,332.2
62,556.0
7,348.3
6,795.8
72.604.7
UNITED KINGDOM
130.5
76.7
20.9
1,698.6
1,507.8
15,249.1
1,568.1
1,431.1
15,228.2
GERMANY
-913.1
-1,027.9
-10,413.9
1,284.3
1,178.5
11,902.2
2,197.4
2,206.4
22,316.1
FRANCE
-149.8
-79.4
-2.206.4
882.0
901.1
8,327.3
1,031.8
980.5
10,533.7
ITALY
-401.9
-205.8
-4,508.4
630.6
551.8
5,599.3
1,032.5
757.6
10.107.7
JAPAN
-5,518.2
-4,084.3
-44,762.7
3,206.1
3,244.5
31,148.8
8,724.3
7,328.8
75,911.5
AUSTRALIA. NEW
ZEALAND. REP OF
SOUTH AFRICA
489.0
391.8
1,971.2
1,014.7
878.5
7,695.9
525.7
486.7
5,724.7
DEVELOPING
COUNTRIES
-4,275.5
-4,427.6
-46,766.9
9,382.4
9,523.1
87,713.1
13,657.9
13,950.7
134,480.0
MEXICO
31.8
-37.0
-2,766.7
2,043.6
1,935.6
16,747.4
2,011.8
1,972.6
19,514.1
BRAZIL
-518.8
-584.0
-4,844.7
314.4
330.8
3,546.8
833.2
914.8
8,391.5
NEWLY INDUSTRIALIZED
COUNTRIES (NICS)
-2,984.8
-3,076.9
-25,977.0
2,788.0
2,891.3
29,023.4
5,772.8
5,968.2
55,000.4
SINGAPORE
-253.4
-200.5
-2,034.0
505.4
496.4
4,685.1
758.8
696.9
6,719.1
HONG KONG
-525.8
-476.4
-4,149.0
523.7
534.7
4,725.2
1,049.5
1,011.1
8,874.2
TAIWAN
-1,375.9
-1,415.4
-11,611.0
811.3
898.3
10,370.8
2,187.2
2,313.7
21,981.8
REP. OF KOREA
-829.8
-984.6
-8,183.1
947.6
961.9
9,242.2
1,777.4
1,946.5
17,425.3
EGYPT
144.6
179.1
1,688.0
159.6
197.0
1,889.8
15.0
17.9
201.8
OPEC
-768.2
-687.2
-9,710.5
1,239.8
1,343.0
11,434.4
2,008.0
2,030.2
21,144.9
VENEZUELA
-17.9
3.3
-989.8
411.8
469.4
3,728.8
429.7
466.1
4,718.6
INDONESIA
-242.1
-184.9
-2,066.6
88.3
95.7
842.1
330.4
280.6
2,908.7
SAUDI ARABIA
-166.1
-28.9
-2,086.5
314.7
377.5
3,127.3
480.8
406.4
5,213.8
NIGERIA
-254.1
-233.6
-2,744.1
32.4
38.9
300.4
286.5
212.5
3,044.5
OTHER DEVELOPING
-180.0
-221.5
-5,156.1
2,837.0
2,825.5
25,071.3
3,017.0
3,047.0
30,227.4
COMMUNIST AREAS
IN EUROPE & ASIA.
-380.6
-405.3
-2,444.0
671.1
616.9
7.029.7
1,051.7
1,022.2
9,473.7
U.S.S.R
176.5
73.7
1,760.3
215.0
115.9
2,228.1
38.5
42.2
467.8
CHINA
-499.0
-440.3
-3,481.0
402.6
419.6
4,049.8
901.6
859.9
7,530.8
OTHER
-58.0
-38.7
-723.4
53.6
81.4
751.7
111.6
120.1
1,475.1
TIMING ADJUSTMENTS
(X)
-436.3
204.3
(X)
-440.5
-283.4
(X)
-4.2
-487.7
TRADE BALANCE
EXPORTS (F.A.S VALUE)
IMPORTS (C.I.F. VALUE)
ITEM
OCTOBER
SEPTEMBER
CUMULATIVE
OCTOBER
SEPTEMBER
CUMULATIVE
OCTOBER
SEPTEMBER
CUMULATIVE
1987
1987
TO DATE
1987
1987
TO DATE
1987
1987
TO DATE
1987
1987
1987
TOTAL
-16,986.7
-13,975.4
-143,834.3
22,777.8
21,183.7
206,528.8
39,764.5
35,159.1
350,363.1
DEVELOPED
COUNTRIES
-10,041.8
-7,523.4
-83,807.3
14,320.7
13,680.4
134,204.8
24,362.5
21,203.8
218,012.1
6,131.5
58,574.0
CANADA TOTAL
-1,333.3
-1,286.8
-9,812.3
5,273.1
4,844.7
48.761.7
6,606.4
COMPILED
(X)
(x)
(X)
4,475.3
4,844.7
43,734.8
(X)
(X)
(X)
UNDOCUMENTED
(X)
(X)
(X)
797.8
(2)
5,026.9
(X)
(X)
(X)
WESTERN EUROPE
-3,001.8
-1,709.1
-25,075.8
6,029.9
5,797.0
56,598.4
9,031.7
7,506.1
81,674.2
-1,401.5
-19,957.6
5,313.5
5,000.0
49,378.0
7,628.5
6,401.5
69,335.6
EEC
-2,315.0
UNITED KINGDOM
-393.7
-324.0
-3,157.6
1,213.5
1,171.6
11,577.3
1,607.2
1,495.6
14,734.9
FED.REP GERMANY.
-1,325.4
-985.9
-13,298.6
1,064.7
977.2
9,528.0
2,390.1
1,963.1
22,826.6
FRANCE
-347.7
-176.9
-2,734.2
728.1
649.2
6,382.8
1,075.8
826.1
9,117.0
-634.0
-342.2
-5,162.2
441.4
423.6
4,496.5
1,075.4
765.8
9,658.7
ITALY
22.609.6
8,256.6
7,056.7
72,796.4
JAPAN
-5,864.2
-4,632.4
-50,186.8
2,392.4
2,424.3
AUSTRALIA, NEW
ZEALANO. REP OF
SOUTH AFRICA
157.5
104.9
1,267.7
625.3
614.4
5.235.2
467.8
509.5
4,967.5
DEVELOPING
COUNTRIES
-7,285.2
-6,220.4
-58,878.8
6,935.1
6,885.2
65,543.8
14,220.3
13,105.6
124,422.6
MEXICO
-633.5
-417.2
-5,105.9
1,258.2
1,327.7
11.885.6
1,891.7
1,744.9
16,991.5
-3,627.8
387.7
398.3
3,268.2
879.7
734.6
6,896.0
BRAZIL
-492.0
-336.3
NEWLY IMDUSTRIALIZED
COUNTRIES (NICS)
-3,773.6
-3,537.7
-32,615.7
1,877.2
1,895.3
18,466.6
5,650.8
5,433.0
51,082.3
SINGAPORE
-248.8
-301.9
-1,934.5
353.3
311.7
3,271.6
602.1
613.6
5,206.1
HONG KONG
-724.3
-632.2
-5,633.1
334.1
373.7
3,178.9
1,058.4
1,005.9
8,812.0
-1,782.5
-1,790.7
-16,678.8
577.2
558.6
5,451.6
2,359.7
2,349.3
22,130.4
TAIWAN.
1,464.2
14,933.8
REP. OF KOREA
-1,018.0
-812.9
-8,369.3
612.6
651.3
6,564.5
1,630.6
EGYPT
94.7
33.3
1,537.0
129.6
83.6
1,929.7
34.9
50.3
392.7
OPEC
-1,732.5
-1,556.7
-12,677.0
1,014.4
879.7
8,819.8
2,746.9
2,436.4
21,496.8
VENEZUELA
-241.0
-131.9
-2,169.5
317.3
318.5
2,831.1
558.3
450.4
5,000.6
-228.6
-2,526.8
12.7
64.9
612.6
295.3
293.5
3,139.4
INDONESIA
-222.6
SAUDI ARABIA
-237.4
-190.5
-1,364.9
409.3
277.2
2,748.9
646.7
467.7
4,113.8
NIGERIA
-320.2
-341.5
-2,803.9
19.7
19.5
237.1
339.9
361.0
3,041.0
OTHER DEVELOPING
-748.3
-405.8
-6,389.4
2,268.0
2,300.6
21,173.9
3,016.3
2,706.4
27,563.3
COMMUNIST AREAS
IN EUROPE & ASIA.
-318.3
-341.0
-3.171.5
482.2
411.1
4,456.3
800.5
752.1
'.621.8
39.5
40.0
361.5
U.S.S.R
14.8
24.2
753.2
54.3
64.2
1,114.7
CHINA
-244.6
-298.5
-3,140.8
376.9
304.1
2.750.3
621.5
602.6
5,891.1
OTHER
-88.5
-66.7
-783.9
51.0
42.8
591.3
139.5
109.5
1,375.2
TIMING ADJUSTMENTS
644.5
100.4
1,962.6
1,025.6
198.0
2,263.2
381.1
97.6
300.6
NOTES: The export totals reflect shipments of certain grains and oilseeds that are not reflected in the
country/area totals.
Newly Industrialized Countries (NICS)--Singapore. Hong Kong, Taiman and the Republic of Korea.
2:
EXHIBIT 15. EXPORTS (F.A.S. VALUE). GENERAL IMPORTS (CUSTOMS VALUE) AND MERCHANDISE TRADE BALANCE -
COUNTRIES. ECONOMIC AND GEOGRAPHIC AREAS. NOT SEASONALLY ADJUSTED: 1988 AND 1987
in millions of dollars. Details may not equal totals due to rounding and other statistical procedures.
(X) Not applicable. (R) Revised.
TRADE BALANCE
EXPORTS (F.A.S VALUE)
IMPORTS (CUSTOMS VALUE)
ITEM
OCTOBER
SEPTEMBER
CUMULATIVE
OCTOBER
SEPTEMBER
CUMULATIVE
OCTOBER
SEPTEMBER
CUMULATIVE
1988
1988
TO DATE
1988
1988
TO DATE
1988
1988
TO DATE
1988
1988
1988
TOTAL
-10,208.1
(R)-9,222.5
-98,925.0
28,476.8
(R)27,236.6
264,900.4
38,684.9
(R)36.459.1
363,825.4
DEVELOPED
COUNTRIES
-6,379.1
-4,787.6
-58,145.0
18,383.5
(R)17,502.0
170,281.3
24,762.6
22,289.6
228,426.3
CANADA TOTAL
-922.0
-854.5
-10,451.8
6,410.6
(R) 6,162.9
58,989.0
7,332.6
7,017.4
67,847.7
COMPILED
(X)
(X)
(X)
4,892.3
5,420.3
50,961.7
(X)
(X)
(X)
UNDOCUMENTED
(X)
(X)
(X)
1,518.3
(R) 742.6
8,027.3
(X)
(x)
(X)
WESTERN EUROPE
-769.7
-533.4
-9,697.5
7,752.1
7,216.1
72,447.6
8,521.8
7,749.5
82,145.1
EEC
-242.9
-179.2
-6,960.4
6,795.6
6,332.2
52.556.0
7,038.5
6,511.4
69,516.4
UNITED KINGDOM
189.5
126.8
593.7
1,698.6
1,507.8
15,249.1
1,509.1
1,381.0
14,655.4
GERMANY
-840.5
-953.9
-9,656.7
1,284.3
1,178.5
11,902.2
2,124.8
2.132.4
21,558.9
FRANCE
-110.9
-43.8
-1,821.1
882.0
901.1
8,327.3
992.9
944.9
10,148.4
ITALY
-347.5
-165.5
-3,956.4
630.6
551.8
5,599.3
978.1
717.3
9,555.7
JAPAN
-5,211.1
-3,828.9
-42,010.6
3,206.1
3,244.5
31,148.8
8,417.2
7.073.4
73,159.4
AUSTRALIA, NEW
ZEALAND. REP OF
SOUTH AFRICA
523.8
429.3
2,421.8
1,014.7
878.5
7,695.9
490.9
449.2
5,274.1
DEVELOPING
COUNTRIES
-3,571.9
-3,700.3
-39,468.8
9,382.4
9,523.1
87,713.1
12,954.3
13,223.4
127,181.9
MEXICO
54.1
-16.0
-2,547.2
2,043.6
1,935.6
16,747.4
1,989.5
1,951.6
19,294.6
BRAZIL
-465.4
-526.2
-4,292.7
314.4
330.8
3,546.8
779.8
857.0
7,839.5
NEWLY INDUSTRIALIZED
COUNTRIES (NICS)
-2,711.0
-2,795.0
-23,252.0
2,788.0
2,891.3
29,023.4
5,499.0
5,686.3
52,275.4
SINGAPORE
-231.2
-182.7
-1,848.7
505.4
496.4
4,685.1
736.6
679.1
6,533.8
HONG KONG
-471.3
-424.4
-3,682.0
523.7
534.7
4,725.2
995.0
959.1
8,407.2
TAIWAN
-1,261.2
-1,295.7
-10,384.7
811.3
898.3
10,370.8
2.072.5
2,194.0
20,755.5
REP. OF KOREA
-747.4
-892.1
-7,336.6
947.6
961.9
9,242.2
1,695.0
1,854.0
16,578.8
EGYPT
146.2
181.1
1,706.3
159.6
197.0
1,889.8
13.4
15.9
183.5
OPEC
-598.6
-518.4
-7,979.3
1,239.8
1,343.0
11,434.4
1,838.4
1,861.4
19,413.7
VENEZUELA
8.7
31.7
-693.3
411.8
469.4
3,728.8
403.1
437.7
4,422.1
INDOWESIA
-212.8
-157.5
-1,812.0
88.3
95.7
842.1
301.1
253.2
2,654.1
SAUDI ARABIA
-119.1
15.8
-1,536.7
314.7
377.5
3,127.3
433.8
361.7
4,664.0
NIGERIA
-232.2
-215.3
-2,548.3
32.4
38.9
300.4
264.6
254.2
2.848.7
OTHER DEVELOPING
2.8
-25.7
-3,103.9
2.837.0
2,825.5
25,071.3
2,834.2
2,851.2
28,175.2
COMMUNIST AREAS
IN EUROPE & ASIA.
-296.9
-324.3
-1,640.7
671.1
616.9
7,029.7
968.0
941.2
8,670.4
U.S.S.R
180.2
77.0
1,813.0
215.0
115.9
2,228.1
34.8
38.9
415.1
CHIMA
-429.2
-372.8
-2,865.2
402.6
419.6
4,049.8
831.8
792.4
6.915.0
OTHER
-47.8
-28.6
-588.6
53.6
81.4
751.7
101.4
110.0
1,340.3
TIMING ADJUSTMENTS
(X)
-445.4
169.7
(X)
-440.5
-283.4
(X)
4.9
-453.1
TRADE BALANCE
EXPORTS (F.A.S VALUE)
IMPORTS (CUSTOMS VALUE)
ITEM
OCTOBER
SEPTEMBER
CUMULATIVE
OCTOBER
SEPTEMBER
CUMULATIVE
OCTOBER
SEPTEMBER
CUMULATIVE
1987
1987
TO DATE
1987
1987
TO DATE
1987
1987
TO DATE
1987
1987
1987
TOTAL
-15,297.8
-12,483.8
-128,742.6
22,777.8
21,183.7
206,528.8
38,075.6
33,667.5
335,271.4
DEVELOPED
COUNTRIES
-9,255.2
-6,836.1
-76.562.7
14,320.7
13,680.4
134,204.8
23,575.9
20,516.5
210,767.5
CANADA TOTAL
-1,299.9
-1,250.0
-9,473.4
5,273.1
4,844.7
48,761.7
6,573.0
6,094.7
58,235.1
COMPILED
(X)
(X)
(X)
4,475.3
4,844.7
43,734.8
(X)
(X)
(X)
UNDOCUMENTED
(X)
(x)
(X)
797.8
(Z)
5,026.9
(X)
(X)
(X)
WESTERN EUROPE
-2,612.5
-1,376.5
-21,441.9
6,029.9
5,797.0
56,598.4
8,642.4
7,173.5
78,040.3
EEC
-1.989.9
-1.123.6
-16,936.3
5,313.5
5,000.0
49,378.0
7,303.4
6,123.6
66,314.3
TED KINGDOM
-337.6
-269.4
-2,626.6
1,213.5
1,171.6
11,577.3
1,551.1
1,441.0
14,203.9
FED.REP.GERMANY.
-1,242.0
-912.6
-12,513.0
1,064.7
977.2
9,528.0
2,306.7
1,889.8
22,041.0
FRANCE
-308.2
-143.7
-2,370.4
728.1
649.2
6,382.8
1,036.3
792.9
8,753.2
ITALY
-578.1
-300.0
-4,617.7
441.4
423.6
4,496.5
1,019.5
723.6
9,114.2
JAPAN
-5,539.6
-4,356.6
-47,314.2
2,392.4
2,424.3
22,609.6
7,932.0
6,780.9
69,923.8
AUSTRAL IA, NEW
ZEALAND, REP OF
SOUTH AFRICA
196.7
147.0
1,667.0
625.3
614.4
6,235.2
428.6
467.4
4,568.2
DEVELOPING
COUNTRIES
-6,476.9
-5,486.6
-51,733.1
6,935.1
6,885.2
65,543.8
13,412.0
12,371.8
117,276.9
MEXICO
-613.2
-396.7
-4,894.5
1,258.2
1,327.7
11,885.6
1,871.4
1,724.4
16,780.1
BRAZIL
-433.7
-284.5
-3.159.7
387.7
398.3
3,268.2
821.4
682.8
6,427.9
NEWLY INDUSTRIALIZED
COUNTRIES (NICS)
-3,448.8
-3,227.3
-29,568.2
1,877.2
1,895.3
18,466.6
5,326.0
5,122.6
48,034.8
SINGAPORE
-231.1
-283.5
-1,777.1
353.3
311.7
3,271.6
584.4
595.2
5,048.7
HONG KONG
-660.6
-572.2
-5,099.1
334.1
373.7
3,178.9
994.7
945.9
8.278.0
TAIWAN
-1,629.7
-1,638.3
-15,164.0
577.2
558.6
5,451.6
2,206.9
2,196.9
20,615.6
REP. OF KOREA.
-927.4
-733.3
-7,528.0
612.6
651.3
6,564.5
1,540.0
1,384.6
14,092.5
EGYPT
97.2
36.5
1,562.3
129.6
83.6
1,929.7
32.4
47.1
367.4
OPEC
-1,532.6
-1,384.8
-11,190.1
1,014.4
879.7
8,819.8
2,547.0
2,264.5
20,009.9
VENEZUELA
-214.7
-110.3
-1,913.4
317.3
318.5
2,831.1
532.0
428.8
4,744.5
INDOMESIA
-197.3
-204.6
-2,248.0
12.1
64.9
612.6
270.0
269.5
2.860.6
SAUDI ARABIA
-161.2
-140.5
-982.7
409.3
211.2
2,748.9
570.5
417.7
3,731.6
NIGERIA
-304.1
-325.4
-2.645.8
19.7
19.5
237.1
323.8
344.9
2.882.9
OTHER DEVELOPING
-545.8
-229.8
-4,482.9
2,268.0
2,300.6
21,173.9
2,813.8
2,530.4
25,656.8
COMMUNIST AREAS
IN EUROPE & ASIA.
-243.9
-273.2
-2,482.1
482.2
411.1
4,456.3
726.1
684.3
6,938.4
U.S.S.R
19.7
28.0
787.4
54.3
64.2
1,114.7
34.6
36.2
327.3
CHINA
-191.0
-245.5
-2,612.9
376.9
304.1
2,750.3
567.9
549.6
5.363.2
OTHER
-12.6
-55.7
-656.6
51.0
42.8
591.3
123.6
98.5
1,247.9
TIMING ADJUSTMENTS
664.1
103.1
1,974.6
1,025.6
198.0
2,263.2
361.5
94.9
288.6
NOTES: The export totals reflect shipments of certain grains and oilseeds that are not reflected in the
country/area totals.
New ly Industrialized Countries (NICS)--Singapore. Hong Kong, Taiwan and the Republic of Korea.
22
EXHIBIT 16 EXPORTS (F.A.S. VALUE). GENERAL IMPORTS (C.I.F. AND CUSTOMS VALUES), AND MERCHANDISE
TRADE BALANCE, SEASONALLY ADJUSTED THREE MONTH-MOVING AVERAGES: JANUARY 1986 TO OCTOBER 1988
In millions of dollars. (R) -- Revised.
THREE -MONTH MOVING AVERAGE
TRADE BALANCE
EXPORTS.
IMPORTS,
IMPORTS,
F.A.S. VALUE
C.I.F. VALUE
CUSTOMS VALUE
PERIOD
C.I.F.
CUSTOMS
1986
JANUARY
FEBRUARY
MARCH
-12,459.5
-11,171.5
18,358.7
30,818.2
29,530.2
APRIL
-12,364.4
-10,999.0
18,426.8
30,791.2
29,425.8
MAY
-12,606.0
-11,005.9
18,594.5
31,200.5
29,600.4
JUNE
-12,211.1
-10,604.9
19,274.1
31,485.2
29,879.0
JULY
-12,109.7
-10,509.3
19,597.1
31,706.9
30,106.5
AUGUST
-12,630.7
-11,104.5
19,246.1
31,876.8
30,350.6
SEPTEMBER
-13,672.0
-12,282.3
18,660.8
32,332.8
30,943.1
OCTOBER
-13,638.8
-12,277.7
18,659.9
32,298.6
30,937.6
NOVEMBER
-14,005.0
-12,683.7
19,101.6
33,106.6
31,785.3
DECEMBER
-13,369.7
-12,034.3
19,425.9
32,795.6
31,460.3
1987
JANUARY
-14,044.5
-12,714.5
18,983.4
33,027.9
31,697.9
FEBRUARY
-13,668.0
-12,423.3
18,994.4
32,662.4
31,417.7
MARCH
-14,027.9
-12,620.5
19,300.1
33,328.1
31,920.7
APRIL
-13,529.2
-12,057.4
19,967.4
33,496.6
32,024.9
MAY
-13,711.8
-11,975.5
20,278.9
33,990.7
32,254.4
JUNE
-14,123.1
-12,379.3
20,590.7
34,713.8
32,970.0
JULY
-14,336.9
-12,584.8
21,267.6
35,604.5
33,852.4
AUGUST
-14,671.5
-13,037.1
21,474.8
36,146.3
34,511.9
SEPTEMBER
-14,297.1
-12,857.6
21,709.1
36,006.2
34,566.7
OCTOBER
-14,856.4
-13,424.0
21,589.7
36,446.1
35,013.7
NOVEMBER
-14,371.2
-12,961.7
22,326.7
36,697.8
35,288.3
DECEMBER
-14,325.2
-12,848.9
23.107.4
37,432.6
35,956.3
1988
JANUARY
-12,896.9
-11,474.8
23,911.9
36,808.8
35,386.7
36,191.0
FEBRUARY
-13,161.0
-11,804.7
24,386.3
37,547.3
MARCH
-12,463.0
-10,915.6
25,294.5
37,757.4
36,210.1
APRIL
-12,140.6
-10,591.2
25,808.0
37,948.6
36,399.2
MAY
-10,589.6
-9,273.2
26,794.7
37,384.3
36,067.9
JUNE
-11,093.8
-9,571.7
26,596.7
37,690.5
36,168.4
JULY
-10,816.6
-9,311.9
26,759.1
37,575.7
36,071.0
AUGUST
-11,652.7
-10,109.8
26,763.9
38,416.6
36,873.7
SEPTEMBER(R)
-10,805.1
-9,284.4
27,332.5
38,137.6
36,616.9
OCTOBER
-11,096.4
-9,571.8
27,717.8
38,814.2
37,289.6
THE CHAIRMAN OF THE
COUNCIL OF ECONOMIC ADVISERS
WASHINGTON
December 14, 1988
MEMORANDUM FOR WHITE HOUSE SENIOR STAFF
FROM:
BERYL W. SPRINKEL Sprinkel
SUBJECT:
Industrial Production in November
This morning at 9:15 a.m. the Federal Reserve will release
the Index of Industrial Production for November.
Total industrial production rose 0.5 percent in November,
after an upward revised increase of 0.5 percent in October.
Production increases were widespread in November; production in
both the mining and manufacturing industries rose 0.6 percent and
production at utilities rose 0.4 percent.
Production of final products rose 0.2 percent in November.
Consumer products rose 0.3 percent, after a strong 1.2 percent
increase in October. Business equipment production increased 0.4
percent in November, after no growth in October. Production of
intermediate products rose 0.6 percent, with continued strong
growth in construction supplies production.
The growth in total industrial production in November
continued its trend of the past year. Since November, 1987,
total industrial production has risen a solid 5.1 percent.
TOTAL INDUSTRIAL PRODUCTION
(Monthly Nov. 1986 to Nov. 1988)
140
139
136
137
136
135
Index (1977 - 100)
134
133
132
131
130
129
128
127
125
125
NOV 86
MAR 57
JULY 57
NOV 87
MAR ss
JULY ⑉
NOV
88
OF
DEPARTMENT
COMMONWEALTH
FEDERAL RESERVE statistical release
OF
THE
SYSTEM
For release at 9:15 a.m. (EST)
G.12.3
December 14, 1988
INDUSTRIAL PRODUCTION
Industrial production increased 0.5 percent in November after rising a revised 0.5 percent in October and
0.1 percent in September. In November, the output of materials, business equipment (other than commercial
equipment), and construction supplies led the advance. At 139.9 percent of the 1977 average, the total index
in November was 5.1 percent higher than a year ago.
Market Groupings
Output of consumer goods increased 0.3 percent in November as production of light trucks and nondurable
goods posted gains. However, auto assemblies, at an annual rate of 7.6 million units, were down slightly from
October. Moreover, output of home goods, such as appliances, declined in November after rising sharply in
October. Total production of business equipment advanced 0.4 percent in November as all major components
other than commercial equipment continued to advance rapidly. Output of commercial equipment, which includes
computers, decreased for the third successive month. Gains in materials production were widespread in
November; the most notable advances occurred in the output of parts for consumer durables, basic metals,
chemicals, and coal.
Industry Groupings
Manufacturing output increased 0.5 percent as most major industries posted gains; the only significant
decline was in petroleum refining. Mining output rose 0.6 percent, and production at utilities increased 0.4
percent.
Industrial Production: Summary
Seasonally adjusted
Index, 1977 = 100
Monthly percent change
Current
month from
Item
1988
OCT
NOV
JUL
AUG
SEP
OCT
NOV
a year ago
139.3
139.9
1.1
.3
.1
.5
.5
5.1
Total
Market Groupings
148.2
148.7
.8
.5
.1
.5
.3
5.4
Products, total
146.7
146.9
.7
.5
.0
.6
.2
5.5
Final products
Consumer goods
136.4
136.8
.9
.6
-0.1
1.2
.3
5.7
129.1
128.9
.0
.3
.5
2.2
-0.1
4.1
Durable goods
1.2
.7
-0.3
.9
.4
6.3
Nondurable goods
139.2
139.7
160.7
161.3
.8
.5
.4
.0
.4
8.8
Business equipment
184.4
184.3
.2
.0
-0.2
-0.1
-0.1
-2.3
Defense and space
Intermediate products
153.8
154.8
1.0
.5
.5
.5
.6
5.1
139.6
140.7
.6
-0.2
.4
.7
.8
4.8
Construction supplies
127.1
128.0
1.6
.1
.0
.5
.7
4.5
Materials
Industry Groupings
145.3
146.0
1.1
.3
.3
.6
.5
5.9
Manufacturing
144.7
145.4
.9
.2
.4
.6
.5
6.4
Durable
146.2
146.8
1.4
.3
.1
.6
.4
5.1
Nondurable
102.6
103.2
1.3
-0.5
-0.2
-0.9
.6
-1.4
Mining
113.5
114.0
1.0
2.9
-4.2
.6
.4
.7
Utilities
-2-
Capacity Utilization
Capacity utilization in total industry for November 1988 was estimated at 84.2 percent, up 0.2 percentage
point from October. In manufacturing, capacity utilization for November was 84.5 percent, 0.2 percentage
point higher than in October, and 2.3 percentage points above a year ago. Detailed data for capacity
utilization are shown separately, in release G.3.
Revisions
Total Industrial Production
(Estimates as shown last month and current estimates)
Index (1977=100)
Percentage change
Month
from previous month
Previous
Current
Previous
Current
August
138.4
138.5
.3
.3
September
138.7
138.6
.2
.1
October
139.2
139.3
.4
.5
November
NA
139.9
NA
.5
NA--not applicable.
OF
FEDERAL RESERVE
THE
SYSTEM
Industrial Production
INDUSTRIAL PRODUCTION
NOVEMBER DATA
Seasonally adjusted, ratio scale, 1977=100
160
Total Index
140
Products
120
Materials
100
80
160
Manufacturing
Materials
Nondurable
140
Nondurable
Durable
120
Durable
100
Energy
80
180
Consumer Goods
Intermediate Products
Business
160
supplies
Nondurable
140
120
Construction
Durable
supplies
100
80
240
140
Motor Vehicles and Parts
Final Products
Defense and
200
120
space
100
Business
160
equipment
140
80
120
Consumer goods
100
60
80
1982
1984
1986
1988
1982
1984
1986
1988
Table 1A
INDUSTRIAL PRODUCTION: MARKET GROUPINGS
Seasonally adjusted, 1977 = 100
1977
1987
Bajor Market
Pro-
Ann.
1987
1988
Groupings
por-
Avg.
NOV
DEC
JAN
FEB
MAR
APR
BAY
JUN
JUL
AUG
SEP
OCT
NOV
tion
100.00
129.8
133.2
133.9
134.4
134.4
134.7
135.4
136.1
130.5
138.0
138.5
138.6
139.3
139.9
TOTAL INDEX
PRODUCTS, TOTAL
57.721
138.3
141.0
141.31
142.7
143.4
143.6
144.1
145.0
145.3
140.5
147.3
147.5
148.2
148.7
FINAL PRODUCTS
44.77
136.8
139.2
139.81
141.1
141.6
141.8
142.5
143.5
144.0
145.0
145.8
145.8
146.7
146.9
127.8
129.4
129.81
131.2
131.3
131.2
131.9
132.7
133.0
134.2
135.0
134.8
136.4
136.8
CONSUMER GOODS
25.52
EQUIPMENT, TOTAL
19.25/
148.91
152.2
153.1)
154.3
155.3
155.9
156.5
157.7
158.5
159.4
100.1
160.4
160.2
160.4
148.1
149.4
149.9
149.6
150.4
150.0
151.6
152.3
153.1
153.8
154.8
INTERMEDIATE PRODUCTS
12.94
143.4
147.3
146.51
42.28
118.21
122.5
123.71
123.0
122.1
122.5
123.6
123.9
124.5
126.4
126.5
126.5
127.1
128.0
NATERIALS
25.52
127.8
129.4
129.8
131.2
131.3
131.2
131.9
132.7
133.0
134.2
135.0
134.8
136.4
136.8
CONSUMER GOODS
DURABLE CONSUMER GOODS
6.89
120.2
123.9
120.31
121.7
120.6
120.4
123.3
125.6
125.3
125.3
125.7
126.3
129.1
128.9
127.1
124.4
124.2
126.3
128.6
129.8
Automotive products
2.98)
118.5
121.3
115.41
118.7
117.6
120.6
121.9
127.1
Autos and trucks, consumer
1.791
115.1
118.7
110.21
112.8
111.8
116.4
118.0
126.9
125.3
120.8
123.1
124.8
128.3
129.5
1.161
90.71
91.9
83.7
77.5
79.5
86.3
91.0
98.9
99.0
93.8
93.0
97.7
101.3
101.0
Autos, consumer
Trucks, COLSUBER
.63
160.51
168.5
159.51
178.3
171.6
172.2
168.2
178.9
174.1
170.8
179.0
175.3
178.4
129.1
130.2
Auto parts & allied gds
1.19
123.5
125.2
123.31
127.7
126.4
126.9
127.8
127.4
129.7
129.9
125.9
128.6
Home goods
3.91
121.6
125.8
123.9
124.0
122.8
120.2
124.3
124.4
123.9
125.9
126.8
126.3
129.4
128.2
Appliances, TV & air-cond
1.241
150.1
142.7
142.2
140.6
132.8
143.2
142.2
138.0
143.3
146.5
144.9
154.4
150.1
1.19
150.5
142.6
140.9
141.4
132.7
142.2
143.0
137.1
143.8
146.1
143.7
151.9
Appliances and TV
Carpeting & furniture
.96
133.5
133.91
134.2
132.3
133.1
133.1
135.8
135.9
130.6
137.2
137.3
137.8
Misc. home goods
1.71
102.0
103.9
104.81
105.2
104.7
103.9
105.7
105.2
107.0
107.4
106.8
106.8
106.6
NONDURABLE CONSUMER GOODS
18.63
130.6
131.5
133.31
134.7
135.3
135.1
135.1
135.4
135.8
137.5
138.5
138.0
139.2
139.7
3.341
99.4
100.3
99.61
100.3
100.7
101.5
101.6
100.1
100.8
101.7
101.2
102.0
102.0
Clothing
15.29
137.4
138.3
140.71
142.3
142.9
142.5
142.5
143.1
143.5
145.3
146.6
145.8
147.3
147.9
Consumer staples
7.80)
137.3
139.21
140.3
140.8
139.4
138.3
139.2
139.3
141.1
141.3
141.0
142.4
Consumer foods & tobacco
Nonfood staples
7.49
138.5
139.4
142.21
144.3
145.0
145.7
146.8
147.0
147.9
149.6
152.1
150.9
152.4
152.7
163.5
167.71
170.7
171.7
172.7
175.6
177.9
179.5
181.8
183.8
185.1
186.0
Consumer chem. products
2.75
162.9
Consumer paper products
1.88
151.9
152.8
157.01
157.1
157.5
159.1
161.4
162.4
162.8
164.0
165.3
167.0
168.3
2.861
106.31
107.4
108.01
110.6
111.3
111.0
109.0
107.3
107.7
109.3
113.0
107.5
109.6
Consumer energy
Consumer fuel
1.441
93.11
93.2
95.41
95.4
97.0
97.9
98.9
94.3
93.0
94.6
95.5
92.5
95.7
121.8
120.71
126.0
125.8
124.5
120.5
120.6
122.6
124.4
130.9
122.8
Residential utilities
1.42
119.8)
19.25
148.9
152.2
153.1
154.3
155.3
155.9
156.5
157.7
158.5
159.4
160.1
160.4
160.2
160.4
EQUIPMENT, TOTAL
18.01
153.6
156.6
157.81
159.2
160.3
160.8
161.4
162.7
[email protected]
164.6
165.2
165.7
165.5
166.0
BUSINESS & DEFENSE EQUIP.
BOSINESS EQUIPMENT
14.34
144.5
148.3
149.81
151.2
152.4
153.3
154.6
156.9
158.1
159.3
160.2
160.8
160.7
161.3
70.8
71.8
72.4
73.6
73.1
73.9
74.6
75.3
Constr, mining, E tara
2.09
62.21
66.3
67.41
67.1
67.6
68.3
Manufacturing equipment
3.27
117.9
120.6
122.21
125.4
124.9
127.0
127.7
128.3
130.3
132.4
134.0
135.5
136.8
138.3
1.27
82.6
83.1
84.21
86.2
88.3
87.8
87.0
87.4
88.3
89.8
90.9
92.2
92.6
93.3
Power equipment
Comercial equipment
5.22
232.1
235.51
238.0
240.3
239.9
241.5
245.7
247.1
248.2
249.8
249.2
246.5
246.1
115.2
116.6
119.3
120.7
Transit equipment
2.49
111.2
109.11
106.5
108.2
111.1
112.3
115.3
115.7
115.9
DEFENSE & SPACE EQUIPMENT
3.67
188.9
188.7
188.91
190.6
191.0
189.9
187.9
185.5
184.0
184.9
184.9
184.6
184.4
184.3
INTERNEDIATE PRODUCTS
12.94
143.
147.3
146.5
148.1
149.4
149.9
149.6
150.4
150.0
151.6
152.3
153.1
153.8
154.8
Construction supplies
5.95
131.5
134.2
133.81
136.8
137.7
137.3
137.6
138.8
137.6
138.4
138.1
138.6
139.6
140.7
Business supplies
6.99
158.4
157.41
157.8
159.4
160.7
159.9
160.3
160.6
162.8
164.4
165.4
165.9
Gen. business supplies
5.67
158.71
164.3
163.31
163.1
165.0
166.6
165.7
165.5
165.9
168.6
170.6
172.1
172.6
Commercial energy prod.
1.31
131.2
132.9
131.8
135.0
135.3
135.3
134.6
137.8
137.5
137.6
137.7
136.4
136.7
42.28
118.2
122.5
123.7
123.0
122.1
122.5
123.6
123.9
124.5
126.4
126.5
126.5
127.1
128.0
MATERIALS
20.50
125.0
130.2
132.01
131.8
131.4
131.3
132.7
134.8
134.9
136.8
136.6
137.9
138.8
139.7
DURABLE GOODS MATERIALS
4.921
100.91
103.1
104.01
104.7
104.4
103.5
106.2
110.0
110.3
110.1
109.8
111.0
111.8
113.0
Consumer durable parts
Equipment parts
5.94
159.0
163.2
165.31
167.4
167.6
167.3
168.9
170.8
171.6
174.1
173.5
173.8
174.6
174.9
123.0
123.4
124.0
125.3
124.8
127.5
127.6
129.4
130.5
131.7
Dorable materials nec
9.64)
116.4
123.6
125.51
123.7
Basic metal materials
4.641
86.61
96.5
100.01
92.9
91.4
90.5
91.6
94.8
93.7
98.4
97.3
100.3
100.8
101.5
NONDURABLE GOODS MATERIALS
10.10
125.9
129.6
132.5
129.9
128.1
130.1
131.1
130.1
130.1
132.8
133.1
132.6
133.8
134.8
&CAEL. mater.
7.531
127.7
132.3
135.61
132.7
129.9
132.4
133.3
131.9
132.1
135.3
135.7
135.0
136.2
137.1
107.5
108.5
110.1
108.3
108.2
Textile materials
1.521
112.01
112.7
113.61
112.6
110.2
112.7
111.9
107.5
Pulp & paper materials
1.551
141.01
144.4
149.01
148.0
144.4
144.8
145.8
146.4
145.4
150.3
148.3
148.1
149.0
Chemical materials
4.461
128.41
134.7
138.41
134.2
131.5
134.8
136.2
135.1
135.8
139.2
140.0
139.5
141.3
Misc. nondurable materials
2.57
120.5
121.7
123.31
121.8
123.0
123.2
124.6
125.1
124.2
125.6
125.6
125.8
102.7
103.2
101.3
100.8
101.6
ENERGY MATLRIALS
11.69
99.81
102.8
101.7
101.4
100.6
100.6
101.0
99.5
101.3
Primary energy
7.57
105.01
108.4
107.71
107.3
104.8
105.0
106.7
104.0
105.6
106.8
106.2
106.5
105.8
Converted fuel materials
4.12)
90.21
92.6
90.7
90.6
93.0
92.6
90.5
91.2
93.5
95.3
97.7
91.7
91.5
NOTE: Two components--011 and gas well drilling and manufactured homes--are included in
total equipment but not shown here. They are shown in Tables 4A and 4D on page 8 and 9.
4
Table 1B
INDUSTRIAL PRODUCTION: MARKET GROUPINGS
Not seasonally adjusted, 1977 = 100
1977
1987
Major Market
Pro-
Ann.
1987
1988
Groupings
por-
Avg.
NOV
DEC
JAN
FEB
BAR
APR
MAY
JUN
JOL
AUG
SEP
OCT
BOV
tion
TOTAL INDEX
100.00
129.8
132.7
129.9
130.8
134.2
134.1
133.9
135.0
139.3
136.3
141.7
143.1
141.9
139.5
PRODUCTS, TOTAL
57.72
138.3
140.5
136.8
137.7
141.1
141.1
141.2
143.2
149.1
146.1
152.6
154.7
152.3
148.3
FINAL PRODUCTS
44.77
136.8
138.6
135.51
137.0
140.0
139.8
139.4
141.7
147.5
143.8
150.6
152.6
150.5
146.6
CONSUMER GOODS
25.52
127.8
128.4
123.6
126.1
129.3
128.3
128.8
130.8
137.3
133.2
141.3
143.0
141.3
136.0
EQUIPMENT, TOTAL
19.25
148.9
152.0
151.3
151.5
154.2
155.0
153.5
156.0
161.1
158.0
162.8
165.3
162.6
160.5
INTERMEDIATE PRODUCTS
12.94
143.4
147.3
141.4
139.9
145.0
145.4
147.2
148.6
154.5
153.9
159.8
161.9
158.8
154.4
MATERIALS
42.28
118.2
121.9
120.5
121.5
124.8
124.6
124.0
123.7
126.0
122.8
126.8
127.3
127.7
127.4
CONSUMER GOODS
25.52
127.8
128.4
123.6
126.1
129.3
128.3
128.8
130.8
137.3
133.2
141.3
143.0
141.3
136.0
DURABLE CONSUMER GOODS
6.89
120.2
124.9
110.61
118.0
124.2
123.4
126.0
127.5
129.5
110.2
122.8
130.3
138.9
130.9
Automotive products
2.98
118.5
121.6
103.9
117.4
124.7
127.6
127.0
132.3
136.4
99.8
115.0
130.4
136.9
130.8
Autos and trucks,consuBer]
1.79
115.1
119.4
92.61
112.1
124.6
128.5
126.3
136.9
140.9
82.9
105.8
128.5
138.5
131.2
Autos, consumer
1.161
90.71
93.8
71.61
78.2
90.8
97.3
98.8
107.9
113.5
59.9
74.6
97.6
110.2
102.4
Trucks, consumer
.63
160.5
167.0
131.71
175.0
187.3
186.4
177.4
190.6
191.7
125.7
163.7
185.8
191.1
Auto parts & allied gds
1.19
123.5
124.8
120.91
125.5
124.9
126.3
128.0
125.4
129.5
125.2
128.9
133.4
134.4
130.1
Home goods
3.91
121.6
127.5
115.8
118.5
123.8
120.3
125.2
123.9
124.3
118.1
128.7
130.1
140.4
131.0
Appliances,1 & air-cond
1.24
141.51
154.5
123.71
140.0
145.0
131.5
146.6
143.5
134.5
130.7
146.6
144.5
178.0
156.4
Appliances and TV
1.19
157.2
124.51
137.4
144.3
128.3
141.1
142.2
132.1
132.1
149.9
146.8
179.6
Carpeting & furniture
.96
130.7
134.8
127.41
123.8
133.7
135.1
134.7
133.7
139.4
128.4
140.5
143.5
144.4
Misc. home yoods
1.71
102.0
103.8
103.5
100.0
103.0
103.9
104.4
104.4
108.5
103.3
109.1
112.3
110.9
NONDURABLE CONSUMER GOODS
18.63
130.6
129.7
128.4
129.1
131.1
130.2
129.8
132.0
140.1
141.7
148.2
147.8
142.2
137.9
Clothing
3.34
99.41
99.7
95.8
94.7
100.1
101.1
100.4
99.7
104.5
99.0
106.3
106.4
103.7
Consumer staples
15.29
137.
136.3
135.51
136.6
137.9
136.5
136.3
139.1
147.9
151.0
157.4
156.8
150.6
145.7
Consumer foods & tobacco
7.80
136.3
136.8
132.31
132.0
134.2
134.2
133.2
137.2
144.7
143.5
150.6
151.7
149.2
Nonfood staples
7.49
138.5
135.7
138.91
141.4
141.8
138.9
139.4
141.1
151.3
158.9
104.4
162.1
152.0
149.0
Consumer chem. products
2.75
162.9
160.5
160.31
160.2
162.9
163.4
166.9
174.1
188.0
194.8
197.2
201.7
190.5
Consumer paper products
1.88
151.9
149.3
149.6)
147.5
151.1
152.8
155.2
157.4
165.8
172.4
182.0
181.1
171.1
Consumer eneryy
2.86
106.3
103.1
111.31
119.4
115.6
106.3
102.8
98.7
106.7
115.6
121.4
111.5
102.6
Consumer fuel
1.44
93.11
96.7
99.51
94.6
91.8
91.7
95.1,
95.0
95.9
96.5
97.5
94.3
94.8
Residential utilities
1.42
119.8
109.5
123.48
144.7
139.8
121.1
110.7
102.4
117.7
135.0
145.7
129.1
EQUIPMENT, TOTAL
19.25
148.9
152.0
151.31
151.5
154.2
155.0
153.5
156.0
161.1
158.0
162.8
165.3
162.6
160.5
BUSINESS & DEPENSE EQUIP.
18.01
153.6
156.0
155.31
155.9
159.2
160.0
158.5
161.2
166.5
163.3
168.1
170.8
168.0
165.9
BUSINESS EQUIPMENT
14.34
144.5
147.3
145.81
146.6
151.3
152.4
151.2
155.1
161.8
158.3
164.3
167.2
164.2
160.9
Constr, alling, & farm
2.09
62.21
65.3
66.91
65.1
69.1
68.9
70.1
71.1
73.3
73.4
73.5
76.5
74.5
74.2
Manufacturing equipment
3.27
117.9
119.1
120.51
121.2
124.9
127.7
125.9
126.4
132.5
132.2
136.6
140.1
138.4
137.3
Power equipment
1.27
82.61
84.2
85.91
85.0
87.0
86.3
84.3
85.9
90.5
89.0
90.8
95.5
94.7
94.0
Commercial equipment
5.22
226.5
230.3
228.51
229.1
234.7
233.8
232.6
240.7
251.6
255.7
263.8
260.8
252.1
245.4
Transit equipment
2.49
108.
111.5
102.21
106.7
112.8
118.0
115.7
118.9
122.8
95.1
105.8
119.4
124.3
121.7
DEFENSE c SPACE EQUIPMENT
3.67
188.9
189.8
192.8
192.5
190.1
189.9
186.9
185.4
184.6
182.7
183.1
184.9
182.7
185.3
INTERMEDIATE PRODUCTS
12.94
143.4
147.3
141.4
139.9
145.0
145.4
147.2
148.6
154.5
153.9
159.8
161.9
158.8
154.4
Construction supplies
5.95
131.5
135.0
128.61
128.5
132.9
135.0
138.3
140.3
143.1
138.3
141.9
144.3
144.2
141.0
Business supplies
6.99
153.5
157.8
152.31
149.7
155.2
154.3
154.8
155.7
164.2
167.3
175.1
176.9
171.2
Gen. business supplies
5.67
158.7
104.4
158.41
153.3
159.9
160.6
161.5
161.8
169.0
172.0
181.2
183.7
179.8
Commercial energy prod.
1.31
131.21
129.1
125.9
134.0
135.3
127.1
126.0
129.2
143.3
146.8
149.0
147.4
133.9
MATERIALS
42.28
118.2
121.9
120.5
121.5
124.8
124.6
124.0
123.7
126.0
122.8
126.8
127.3
127.7
127.4
DURABLE GOODS MATERIALS
20.50
125.0
129.3
128.31
127.5
132.5
133.8
133.9
135.8
137.3
133.0
136.5
139.5
140.3
139.1
Consumer durable parts
4.92
100.9
103.2
103.41
101.9
106.2
107.0
108.0
110.0
110.9
103.8
107.7
112.0
114.0
113.5
Equipment parts
5.94
159.0
104.4
167.61
166.7
167.1
168.1
167.4
169.4
172.9
171.0
173.4
175.1
174.4
176.3
Durabie sateriais nec
9.64
116.4
121.1
110.91
116.4
124.7
126.4
126.4
128.2
128.9
124.4
128.5
131.6
132.7
129.3
Basic metal materials
4.64
86.61
91.7
89.91
90.7
95.5
97.9
98.4
101.0
96.7
92.0
93.0
97.5
99.6
97.5
NONDURABLE GOODS MATERIALS
10.10
125.9
129.7
125.11
127.9
131.4
132.5
132.8
130.4
132.1
128.0
133.4
134.3
136.2
134.5
7.53
127.7
132.7
129.11
131.0
133.6
135.1
135.2
132.7
134.0
130.1
135.5
136.5
137.1
137.0
Textile
Textile materials
1.52
112.0
115.4
101.21
110.1
113.2
114.3
111.3
110.8
110.1
96.3
116.8
111.3
112.5
Pulp c pa.er materials
1.55
141.01
144.3
141.81
149.1
149.3
150.3
146.8
145.5
147.1
144.9
149.5
147.7
148.9
Chemical materials
4.46
128.4
134.6
134.31
131.8
135.0
136.9
139.2
135.7
137.7
136.4
137.0
141.3
141.3
Misc. nondurable materials
2.57
120.5
120.9
113.21
118.9
124.9
125.0
125.9
123.5
126.4
122.1
127.2
127.8
ENERGY MATERIALS
11.69
99.8
102.1
102.71
105.5
105.5
101.8
98.9
96.8
100.9
100.5
104.3
99.7
98.4
100.9
Primary energy
7.57
105.0
107.6
107.51
109.1
108.9
107.6
106.3
103.0
105.2
103.0
106.6
105.1
104.8
Converted fuel materials
4.12
90.21
92.0
94.01
98.9
99.4
91.0
85.4
85.5
93.0
96.0
99.9
89.9
86.6
NOTE: Two components--oul and gas well drilling and manufactured homes--are included in
total equipment but not shown here. They are shown in Tables 4A and 4B on page 8 and 9.
Table 2A
INDUSTRIAL PRODUCTION: INDUSTRY GROUPINGS
Seasonally adjusted, 1977 = 100
1977)
1987
Major Industry
Pro-
Ann.
1987
1988
Groupings
SIC
por-
Avg.
NOV
DEC
JAN
FEB
HAR
APR
MAY
JOB
JUL
AUG
SEP
OCT
NOV
Code
tion
MINING AND UTILITIES
15.79
104.3
107.9
107.31
107.8
106.8
106.7
107.1
106.0
106.8
108.1
109.0
107.0
106.7
107.3
MINING
9.83
100.7
104.6
104.61
103.3
101.5
102.7
104.7
102.6
103.0
104.3
103.8
103.5
102.6
103.2
113.5
114.0
UTILITIES
5.96
110.3
113.2
111.7
115.2
115.6
113.3
111.0
111.6
113.2
114.4
117.8
112.8
MANUFACTURING
184.21
134.7
137.9
138.91
139.4
139.5
140.0
140.8
141.8
142.1
143.6
144.0
144.4
145.3
146.0
NONDURABLE
35.11
136.81
139.6
141.31
141.4
141.1
141.7
142.3
142.1
142.6
144.6
145.1
145.3
146.2
146.8
DURABLE
49.10
133.11
136.7
137.31
137.9
138.4
138.8
139.7
141.5
141.7
142.9
143.2
143.8
144.7
145.4
MINING
Metal aining
10
.501
77.6
90.4
96.51
91.5
83.9
84.9
86.9
86.0
82.2
94.0
96.6
99.1
Coal
11,121
1.601
131.61
142.9
140.61
140.2
133.7
129.1
136.0
127.8
126.9
141.5
137.2
142.2
138.5
145.6
Oil & yas extraction
131
7.071
92.71
94.2
94.11
93.1
92.4
94.8
95.5
94.6
95.8
93.3
93.2
91.7
91.1
141
.66
128.21
134.1
135.6
132.1
134.3
136.9
141.2
140.1
137.4
140.2
141.3
139.5
141.4
Stone i earth ainerals
MONDURABLE MALUFACTURES
Foods
201
7.96
137.8
138.9
140.11
141.2
141.9
141.1
140.3
141.0
141.3
143.3
143.3
143.2
144.3
Tobacco products
211
.621
103.51
106.5
110.51
105.8
107.0
107.2
107.2
107.2
104.5
100.6
105.1
103.0
Textile mill products
221
2.29
115.91
117.3
118.21
116.2
115.3
117.0
117.3
114.6
114.3
117.1
116.4
115.7
115.1
231
2.79)
107.41
109.4
107.81
108.7
108.5
108.7
109.2
108.6
109.3
109.4
108.9
109.6
Apparel products
Paper & products
201
3.15
144.4
148.3
150.6
149.9
148.0
149.1
149.2
149.5
148.6
152.3
151.0
150.8
151.9
Printing E ublishing
27
4.54
172.1
175.7
176.9
177.5
178.7
180.4
181.8
180.7
182.3
184.9
186.7
188.7
189.3
189.2
Chemicals 8 products
281
8.05
140.21
144.4
147.9
147.9
145.4
146.4
148.9
149.1
150.5
153.4
154.8
155.5
156.5
Petroleum products
291
2.401
93.51
93.3
90.11
96.3
95.9
98.4
98.5
95.2
94.1
95.0
96.0
93.6
96.2
94.3
Rubber & plastics prod.
301
2.801
163.01
169.9
170.61
170.5
172.3
172.2
172.3
173.4
174.4
175.4
175.3
175.2
176.0
Leather & products
311
.53
60.0
60.7
57.51
58.3
59.7
59.5
58.0
57.1
58.9
59.1
59.4
59.5
59.8
DURABLE MANUFACTURES
Lumber & products
24
2.30
130.3
134.0
133.6
136.3
139.0
137.8
138.0
139.8
136.4
136.6
133.8
133.5
136.9
Furniture s, fixtures
251
1.27
152.81
158.5
159.41
158.0
158.3
159.4
159.2
160.5
161.2
162.9
164.9
165.1
164.1
Clay, glass, stone prod.
321
2.72
119.1
120.5
120.11
120.4
121.6
122.5
121.4
121.5
123.4
122.2
122.6
122.8
122.6
Primary metals
331
5.33
81.31
90.2
90.6
86.5
86.4
85.1
85.3
89.2
87.5
91.5
90.8
93.0
94.3
94.8
lron & steel
331,21
3.49
70.01
79.7
81.91
77.8
77.4
74.2
74.5
78.6
74.2
80.2
78.9
81.4
83.7
Fabricated metal prod.
341
6.46
111.0)
113.6
115.81
117.1
117.6
118.8
118.8
119.8
120.4
121.7
122.1
122.6
122.9
124.3
Nonelectrical machinery
351
9.54
152.71
157.2
161.01
162.9
163.6
164.6
167.2
170.3
171.2
173.1
174.1
175.0
175.3
176.2
Electrical machinery
361
7.15
172.3
175.6
175.9
177.4
177.8
176.6
178.7
179.1
179.5
181.5
182.2
181.7
183.1
182.8
Transportation equip.
371
9.13
129.21
130.4
128.1)
128.6
128.4
130.0
130.4
133.1
132.8
131.9
131.8
132.6
134.3
135.4
Motor vehicles & pts.
3711
5.25
111.8
114.0
110.21
109.7
109.3
113.0
114.8
119.6
119.1
116.6
117.5
118.5
121.4
122.8
Aerospace c misc.
372-6,91
3.87
152.81
152.7
152.4
154.2
154.5
153.0
151.5
151.5
151.4
152.7
151.3
151.7
151.9
152.5
Instruments
381
2.66
143.9
147.8
145.5
148.2
149.2
149.7
150.5
151.3
153.0
156.4
156.8
158.0
159.1
159.6
Miscellaneous afrs.
391
1.46
102.5
104.5
105.61
105.0
104.4
105.1
105.9
106.0
107.6
107.8
108.3
108.5
107.9
UTILITIES
Electric
4.17
126.6
127.5
125.6
130.3
130.7
129.0
127.6
129.7
132.1
134.6
138.8
131.9
132.4
Table 3A
INDUSTRIAL PRODUCTION: PERCENT CHANGES
Based on seasonally adjusted indexes
1987
1988
Series
NOV
DEC
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
CHANGE
FROM
PREVIOUS
NONTH
TOTAL INDEX
.5
.51
.4
.0
.2
.5
.5
.3
1.1
.3
.1
.5
.51
.1
.5
.7
.3
.7
.5
.0
.6
.21
Final products
-0.1
.41
1.0
.3
.3
.31
1.1
.1
-0.1
.6
.6
.2
.9
.6
-0.1
1.2
.31
Consumer goods
Durable consumer yoods
-0.4
-2.91
1.2
-1.0
-0.2
2.4
1.9
-0.3
.0
.3
.5
2.2
-0.11
Nondurable consumer goods
.5
1.41
1.1
.4
-0.1
.0
.2
.4
1.2
.7
-0.3
is
.41
-0.2
1.01
.9
.8
.6
.8
1.5
.8
.8
.5
.4
.0
.41
Business equipment
.7
.81
Construction Supplies
.7
-0.31
2.3
.6
-0.3
.2
.9
-0.9
.6
-0.2
.4
Materials
1.1
1.01
-0.6
-0.7
.3
.8
.3
.4
1.6
.1
.0
.5
.71
Durable goods materials
1.1
1.41
-0.1
-0.3
-0.1
1.1
1.6
.1
1.4
-0.1
.9
.7
.61
Nondurable goods materials
1.1
2.21
-1.9
-1.4
1.5
.8
-0.7
-0.1
2.1
.2
-0.3
.9
.71
.1
.6
.7
.2
1.1
.3
.3
.6
.51
Manufacturing
.4
.71
.3
:
Durable manufacturing
-0.1
.41
.5
.4
.3
.6
1.3
.1
.9
.2
.4
.6
.51
Nondurable manuracturing
1.1
1.21
.1
-0.2
.5
.4
-0.2
.4
1.4
.3
.1
-6
:
Mining and utilities
1.0
-0.61
.5
-0.9
-0.1
:
-1.0
.8
1.2
.9
-1.8
-0.3
.51
CHANGE
FROM
SAME
SOUTH
a
YEAR
BARLIER
TOTAL INDEX
6.0
5.61
6.5
5.8
5.7
6.3
6.2
5.7
5.7
5.5
5.8
5.1
5.11
4.8
4.31
5.9
5.0
5.0
5.9
5.9
5.7
5.2
5.4
5.8
5.2
5.51
Final products
Consumer goods
3.6
2.51
4.6
3.9
3.5
5.1
4.2
4.5
4.1
4.3
5.6
5.7
5.71
Durable consumer goods
5.5
.71
2.5
-0.4
.5
5.6
4.5
6.7
4.1
3.7
6.5
3.8
4.11
Nondurable consumer goods
2.9
3.21
5.3
5.4
4.5
5.0
4.1
3.8
4.1
4.5
5.3
6.4
6.31
8.1
8.81
Business equipment
6.8
7.41
9.1
7.6
8.0
8.8
10.8
9.7
9.5
10.0
9.9
Construction Supplies
5.5
4.11
5.0
5.9
5.3
7.3
7.5
4.7
4.0
4.2
4.8
4.7
4.81
Materials
7.2
7.41
7.1
6.3
6.4
6.6
6.6
6.2
6.7
6.0
5.7
4.9
4.51
Durable goods materials
7.9
8.51
9.4
8.4
7.3
8.6
10.0
8.8
9.3
8.8
9.1
7.8
7.31
Nondurable goods materials
8.7
8.21
7.0
6.0
7.0
5.6
5.0
4.8
4.1
3.8
3.2
4.4
4.01
Hanufacturing
6.0
5.81
6.6
6.0
5.8
6.3
6.5
6.0
6.0
6.0
6.4
5.8
5.91
Durable manufacturing
6.0
5.81
6.7
5.9
5.6
6.7
7.7
7.4
7.0
7.0
7.6
5.8
6.41
Nondurable manufacturing
6.0
5.91
6.5
6.2
6.0
5.8
4.7
4.2
4.5
4.6
4.9
5.8
5.11
Mining and utilities
5.7
5.61
5.0
4.3
4.7
5.6
2.8
3.7
4.2
3.4
1.5
-0.1
-0.61
6
Table 2B
INDUSTRIAL PRODUCTION: INDUSTRY GROUPINGS
Not seasonally adjusted, 1977 = 100
1977
19871
Major Industry
Pro-1
Ann.
1987
1988
Groupings
SIC
por-
Avg.
NOV
DEC
JAN
FEB
HAR
APR
BAY
JUN
JUL
AUG
SEP
OCT
BOY
Code
tion
MINING AND UTILITIES
15.79
104.3
106.9
108.1
111.8
111.2
106.1
103.5
101.3
106.5
108.3
112.6
107.8
104.4
106.2
MINING
9.831
100.7
106.3
105.1
104.0
103.8
103.5
103.4
100.9
102.0
100.6
104.3
103.2
103.8
104.6
5.96
110.31
107.8
113.1
124.8
123.4
110.4
103.7
102.1
114.0
121.1
126.4
115.4
105.4
109.0
UTILITIES
HANUFACTURING
84.21
134.7
137.5
134.0
134.4
138.5
139.4
139.6
141.3
145.5
141.5
147.2
149.7
149.1
145.7
NONDURABLE
35.11
136.81
139.1
135.01
134.2
138.4
139.2
139.8
140.7
146.4
145.1
151.7
152.9
151.0
146.2
DURABLE
49.10
133.1
136.3
133.3
134.6
138.6
139.5
139.4
141.6
144.8
138.9
144.0
147.4
147.7
145.4
MINING
Metal miming
10
.50
77.6
84.8
83.51
83.7
85.5
87.6
92.4
94.8
90.4
93.8
96.3
97.7
Coal
11,121
1.60
131.81
140.3
129.01
133.3
138.6
137.7
136.2
126.1
131.9
128.1
147.5
145.3
143.0
142.3
oil & gas extraction
131
7.071
92.71
97.0
98.71
97.4
95.4
94.4
93.2
91.8
92.4
90.9
91.1
90.0
91.0
Stone & earth ainerals
14
.66
128.2
140.6
131.6
118.7
123.6
129.1
141.8
142.5
140.7
143.3
146.1
145.5
150.3
NONDURABLE MANUFACTURES
Foods
20
7.96
137.8
139.1
135.9
133.7
135.0
135.2
134.7
138.8
145.4
146.1
151.5
152.8
151.1
Tobacco products
21
.62
103.51
108.3
88.01
102.2
113.8
109.6
104.0
102.5
112.8
87.0
113.4
107.1
Textile mill products
22
2.29
115.9
118.0
104.81
108.6
115.2
117.2
118.0
117.0
118.9
109.4
123.6
120.5
121.2
Apparel products
23
2.79
107.41
109.3
107.01
105.2
107.5
108.4
107.6
107.4
111.3
105.9
112.4
113.6
Paper & products
26
3.15
144.41
146.9
142.01
150.2
152.0
153.7
151.1
148.2
150.3
146.8
152.0
151.7
155.5
Printing & publissing
27
4.54
172.1
174.9
169.5
161.7
168.9
170.2
173.8
175.4
186.1
194.8
206.0
207.0
198.4
188.8
Chemicals & products
281
8.05
140.21
142.6
141.31
140.9
143.9
145.4
148.3
149.0
155.1
156.0
157.6
162.0
158.4
Petroleus products
291
2.40
93.51
95.4
96.71
91.7
89.8
92.2
94.7
95.6
98.2
99.4
100.9
97.2
96.7
96.1
Rubber & plastics prod.
301
2.80
163.61
167.9
160.9
161.1
178.6
175.9
173.8
173.0
178.4
166.2
177.9
181.0
182.1
Leather & products
311
.53
60.01
62.4
53.9
56.2
62.0
60.8
57.9
58.0
59.5
51.0
62.0
61.7
63.0
DURABLE BANUFACTURES
Lumber & products
24
2.30
130.31
130.7
120.3
128.5
135.2
136.1
139.2
141.3
143.4
134.2
139.2
141.2
143.4
Purniture & fixtures
25
1.27
152.8
158.8
155.8
151.8
164.0
160.2
156.0
154.7
162.8
155.6
170.9
172.3
169.0
Clay, glass, stone prod.
321
2.72
119.1
120.7
113.9
112.1
114.7
120.1
121.7
123.8
127.5
123.4
127.6
127.8
128.2
Primary metals
33
5.33
81.3
85.6
83.7
84.7
90.0
91.7
92.3
94.8
90.6
85.4
85.9
90.5
92.8
91.2
Iron & steel
331,21
3.49
70.61
73.9
74.11
75.1
80.1
80.4
82.7
85.6
77.8
76.7
73.7
78.0
81.1
Fabricated metal prod.
341
6.46
111.0
114.1
114.51
113.0
117.8
119.0
118.4
119.3
122.6
119.4
122.3
125.5
125.2
125.0
Nonelectrical machinery
351
9.54
152.71
155.2
155.51
157.0
162.0
162.7
162.0
167.3
175.0
176.7
182.3
182.8
177.6
174.4
Electrical machinery
36
7.15
172.3
179.0
175.8
176.1
177.2
175.4
176.5
177.1
179.1
176.1
182.2
183.9
189.5
186.7
Transportation equip.
37
9.13
129.21
131.7
125.21
129.4
132.4
134.3
133.1
136.1
137.9
110.3
123.8
134.0
137.6
136.9
Botor vehicles & pts.
3711
5.25
111.81
114.6
101.61
109.6
116.3
120.3
119.7
125.3
128.7
93.2
106.2
120.9
127.0
123.5
Aerospace & aisc.
372-6,91
3.87
152.81
155.0
157.21
156.4
154.2
153.4
151.3
150.7
150.5
147.7
147.8
151.8
152.1
155.0
Instruments
381
2.66
143.91
147.2
144.7
144.6
146.6
148.1
147.9
148.8
155.8
158.5
161.0
162.7
160.3
158.8
Miscellameous afrs.
391
1.46
102.5
102.8
99.5
97.8
105.2
103.7
104.0
104.2
109.8
107.1
113.9
116.5
112.0
UTILITIES
Electric
4.17
126.6
119.7
124.9
139.1
137.3
123.0
117.6
117.3
135.0
146.0
152.9
137.1
122.0
Table 3B
INDUSTRIAL PRODUCTION: HISTORICAL DATA
Seasonally adjusted, 1977 = 100
YEAR
JAN
FEB
MAR
APR
MAY
JUNE
JULY
AUG
SEPT
OCT
NOV
DEC
QI
or
QIII
QY
ANNUAL
INDEX
83.8
84.4
85.1
86.5
86.3
86.5
86.4
87.6
88.5
89.8
90.9
91.8
84.4
86.4
87.5
90.8
87.3
72
73
91.8
93.1
93.1
93.4
93.8
94.5
95.1
95.1
95.8
96.1
96.2
94.7
92.7
93.9
95.3
95.7
94.4
93.2
94.1
94.1
93.0
74
93.3
93.0
93.4
93.2
94.3
94.6
94.2
93.9
94.2
93.6
90.9
87.1
90.5
75
84.8
83.5
82.0
82.7
82.5
83.6
84.1
85.6
86.4
86.9
87.7
88.4
83.4
82.9
85.3
87.6
84.8
96.2
90.3
91.8
93.2
95.2
92.6
76
89.3
90.9
90.7
91.1
92.1
92.2
92.7
93.2
93.5
93.9
95.4
77
96.5
97.2
98.0
99.0
99.6
100.4
100.7
101.0
101.4
101.8
102.1
102.1
97.3
99.7
101.0
102.0
100.0
109.2
109.9
110.8
102.1
106.1
107.9
110.0
106.5
78
101.6
101.6
103.0
105.5
105.8
106.9
107.5
107.7
108.3
79
110.3
110.9
111.2
109.9
110.9
110.9
110.5
110.2
110.4
111.0
111.0
111.0
110.8
110.6
110.4
111.0
110.7
106.3
107.7
108.5
110.7
111.0
111.4
106.8
106.3
110.1
108.6
80
111.3
111.4
111.4
109.1
106.2
105.0
104.8
81
111.0
111.2
111.6
110.6
111.2
112.0
113.4
112.8
111.5
110.4
109.0
107.4
111.2
111.3
112.5
108.9
111.0
82
105.4
107.0
105.8
104.5
103.6
103.0
102.5
102.0
101.3
100.5
100.6
100.5
106.1
103.7
102.0
100.6
103.1
83
102.5
103.3
104.2
105.6
106.9
107.8
109.8
111.6
113.7
114.4
114.8
115.5
103.3
106.8
111.7
114.9
109.2
84
118.5
119.3
119.9
120.5
121.0
121.9
122.8
123.0
122.4
122.1
122.7
122.7
119.3
121.1
122.7
122.5
121.4
85
122.4
122.9
123.3
123.1
123.7
123.5
123.4
124.1
124.4
123.7
124.8
125.4
122.9
123.4
124.0
124.7
123.7
86
126.4
125.5
123.9
124.7
124.3
124.1
124.8
124.9
124.5
125.3
125.7
126.8
125.2
124.4
124.8
125.9
125.1
87
126.2
127.1
127.4
127.4
128.2
129.1
130.6
131.2
131.0
132.5
133.2
133.9
126.9
128.2
131.0
133.2
129.8
CHANGE*
2.2
0.7
0.8
1.6
-0.2
0.2
-0.1
1.4
1.0
1.5
1.2
1.0
3.8
2.4
1.3
3.8
9.7
72
0.0
1.4
0.0
0.3
0.4
0.7
0.6
0.0
0.7
0.3
0.1
-1.6
2.1
1.3
1.5
0.4
8.1
73
-1.5
-0.3
0.4
-0.2
1.2
0.3
-0.4
-0.3
0.3
-0.6
-2.9
-4.2
-2.6
1.0
0.0
-3.8
-1.5
74
-2.6
-1.5
-1.1
8.9
-0.2
1.3
0.6
1.8
0.9
0.6
0.9
0.8
-7.8
-0.6
2.9
2.7
-8.8
75
76
1.0
1.8
-0.2
0.4
1.1
0.1
0.5
0.5
0.3
0.4
1.6
0.8
3.1
1.7
1.5
2.1
9.2
0.3
0.7
0.8
1.0
0.6
0.8
0.3
0.3
0.4
0.4
0.3
0.0
2.2
2.5
1.3
1.0
8.0
77
78
-0.5
0.0
1.4
24
0.3
1.0
0.6
0.2
0.6
0.8
0.6
0.8
0.1
3.9
1.7
1.9
6.5
-0.5
0.5
0.3
-1.2
0.9
0.0
-0.4
-0.3
0.2
0.5
0.0
0.0
0.7
-0.2
-0.2
0.5
3.9
79
80
0.3
0.1
0.0
-2.1
-2.7
-1.1
-0.2
1.4
1.3
0.7
2.0
0.3
0.4
-8.1
-0.5
3.6
-1.9
-1.3
-1.5
1.0
0.1
1.1
-3.2
2.2
81
0.0
0.2
0.4
-0.9
0.5
0.7
1.2
-0.5
-1.2
-1.0
82
-1.9
1.5
-1.1
-1.2
-0.9
-0.6
-0.5
-0.5
-0.7
-0.8
0.1
-0.1
-2.6
-2.3
-1.6
-1.4
-7.1
1.6
0.6
0.3
0.6
2.7
3.4
4.6
2.9
5.9
83
2.0
0.8
8.9
1.3
1.2
0.8
1.9
1.9
84
2.6
0.7
8.5
0.5
9.4
0.7
9.7
9.2
-0.5
-0.2
0.5
0.0
3.8
1.5
1.3
-0.2
11.2
85
-0.2
0.4
0.3
-0.2
8.5
-0.2
-0.1
0.6
0.2
-0.6
0.9
0.5
0.3
0.4
0.5
0.6
1.9
86
e.s
-0.7
-1.3
0.6
-0.3
-0.2
0.6
0.1
-0.3
0.6
0.3
0.9
0.4
-0.6
0.3
0.9
1.1
0.6
8.7
1.2
0.5
-0.2
1.1
0.5
0.5
0.8
1.0
2.2
1.7
3.8
87
-0.5
0.7
0.2
0.0
*CHANGE IS THE PERCENT CHANGE FROM THE PRECEDING LIKE PERIOD.
7
Table 4A
INDUSTRIAL PRODUCTION: INDUSTRY SUBTOTALS AND INDIVIDUAL SERIES
Seasonally adjusted, 1977 = 100
1977
1987
Series
Pro-1
Aun.
1987
1988
S1C
por-1
Avg.
OCT
NOV
DEC
JAN
FEB
MAE
APR
MAY
JUN
JUL
AUG
SEP
OCT
Code
tion|
91.5
83.9
84.9
86.9
86.0
82.2
94.0
96.6
99.1
METAL MINING
10
.501
77.6
85.6
90.4
96.5
Iron ore
1011
.151
83.01
108.1
117.0
141.0
122.8
101.1
83.9
86.4
81.2
81.1
100.3
99.2
107.8
.351
75.11
77.1
80.4
78.21
81.0
77.3
81.8
85.9
89.3
86.7
94.7
96.6
95.4
Nonferrous ores
102-6,8,91
1021
.151
92.11
90.5
99.1
96.71
98.7
94.2
99.4
100.4
106.4
97.5
108.4
114.3
105.7
Copper ore
1031
.051
55.01
55.5
52.7
54.71
53.3
55.2
64.9
68.7
67.1
74.3
69.5
75.0
68.0
Lead and ZIDC ores
292.0
337.5
320.4
Gold and silver ores
1041
.021
273.2
278.4
281.41
290.7
272.2
260.1
289.3
305.4
Perroailoy ores
106
.041
55.61
52.8
52.9
41.61
58.9
51.2
64.9
80.3
83.4
85.4
92.9
87.0
59.61
67.3
81.0
70.9
83.1
80.1
71.1
63.9
76.4
74.9
66.7
ANTHRACITE
11
.021
66.01
42.6
03.3
BITUMINOUS
12
1.58
132.51
141.2
144.9
141.2
145.9
136.9
129.8
135.9
127.1
128.0
143.1
136.2
141.2
138.6
92.7
94.1
94.2
94.1
93.1
92.4
94.8
95.5
94.6
95.8
93.3
93.2
91.7
91.1
OIL AND GAS EXTRACTION
13
7.07
Crude oil & natural gas
131)
5.62
94.61
94.5
96.1
96.11
94.8
94.0
95.2
95.2
94.7
95.6
93.2
93.2
91.7
92.3
3.401
100.7
101.1
100.71
99.6
98.4
100.9
101.4
99.4
100.5
98.3
97.7
96.8
95.4
Crude oil, total
63.1
62.5
1.34
66.81
67.1
00.4
60.11
65.6
65.3
65.6
65.6
65.0
65.9
64.5
63.9
Texas crude
Alaska,Calit.crude
.57
205.8
213.9
216.51
210.4
207.2
214.5
219.6
210.8
212.5
206.4
207.3
205.2
202.4
89.4
88.5
88.0
89.0
87.7
86.3
85.7
84.3
La. and other crude
1.54
89.61
90.9
89.4
87.81
87.9
86.7
Natural gas
2.161
85.51
84.5
88.2
88.61
87.2
87.1
86.1
85.4
87.2
87.7
84.9
86.0
13.
.47
98.71
99.9
98.7
99.21
94.7
96.0
100.3
100.9
101.8
101.0
99.8
100.9
102.2
Natural yas liquids
.051
99.21
101.2
98.7
98.61
96.6
97.1
102.2
101.7
99.2
98.1
99.1
99.7
Propane
.421
98.71
99.8
98.7
99.31
94.5
95.9
100.7
100.8
102.1
101.3
99.9
101.0
102.7
Liquefied petroleum
87.1
86.3
86.5
86.9
86.8
85.3
82.7
oil & gas well drilling
138
.991
79.1
94.7
91.3
86.61
85.6
84.6
88.1
FOODS
20
7.96
137.8
138.0
138.9
140.11
141.2
141.9
141.1
140.3
141.0
141.3
143.3
143.3
143.2
144.3
124.5
127.1
126.9
121.8
123.5
127.8
120.6
127.0
128.3
125.3
Meat products
2011
1.06
121.1
121.3
124.8
125.81
Beet
.431
93.31
92.6
92.4
91.11
93.3
93.5
92.5
94.6
91.8
94.6
98.0
95.4
94.2
92.3
109.51
112.8
118.8
120.41
115.9
116.2
116.4
112.6
112.0
116.8
120.7
120.6
124.7
124.4
POCK
.251
.201
166.4
165.6
172.5
179.11
170.1
180.3
180.1
166.9
173.6
174.3
161.8
167.0
173.8
161.4
Poultr,
.18
153.7
152.8
157.8
157.21
153.8
163.6
165.2
149.6
160.3
171.3
164.4
167.8
164.8
165.7
Misc. meats
129.6
131.6
131.5
Dairy products
2021
.801
128.9
130.6
131.2
133.81
131.3
131.7
133.0
132.3
130.4
129.8
129.1
Butter
20211
.01
102.3
105.7
107.7
111.21
116.9
113.2
111.1
111.2
109.1
103.6
104.1
99.7
108.5
112.7
158.7
159.1
161.1
162.7
172.5
170.1
Cheese
20221
.131
158.4
162.2
100.5
162.61
158.3
164.0
165.1
160.6
Concentrated milk
20231
.11
120.5
129.1
133.4
142.61
133.8
136.1
138.5
137.3
129.5
130.6
114.2
118.7
126.1
118.6
147.3
150.4
153.6
154.2
156.5
157.5
154.4
147.9
152.1
Prozen desserts
20241
.09
149.1
147.4
149.9
155.01
148.5
Canned and Irozen food
2031
1.09
161.5
161.9
101.3
164.21
159.5
165.6
163.5
163.3
166.2
167.1
166.6
167.9
167.3
165.7
140.3
141.01
140.5
139.1
139.3
140.9
147.6
144.9
149.3
147.5
144.8
151.3
Grain mill products
2041
.941
135.8
135.7
Flour
20411
.12
132.7
139.6
141.5
129.61
125.8
113.6
114.3
126.3
134.9
129.3
147.2
132.1
128.4
145.9
1.00
133.2
133.2
132.0
135.51
139.0
136.6
138.5
134.2
130.4
138.8
138.0
140.7
141.9
142.9
Bakery products
205
2081
1.41
134.4
134.1
135.5
136.5
137.7
137.9
133.8
135.6
137.4
131.5
138.3
136.3
137.4
137.9
Beverages
Beer and aie
2082,31
.38
114.61
117.3
115.7
115.71
124.1
118.0
112.0
115.4
114.7
109.7
116.1
111.5
211.7
213.6
224.7
Wine and brandy
20641
.07
196.
183.5
194.2
205.61
220.2
214.9
187.5
207.8
Soft drinks
2086,71
.791
148.4
149.0
150.6
148.81
147.2
151.8
150.5
147.9
153.4
147.5
153.5
155.0
152.6
155.0
96.61
87.2
83.7
80.3
92.4
80.7
69.1
79.6
77.1
Liquors
20851
.161
80.41
79.8
83.6
Fats and oils
2071
125.
122.6
128.1
127.9
131.2
126.5
131.6
131.8
129.8
132.5
138.1
129.4
128.3
124.5
.79
159.5
167.2
161.3
155.8
166.5
164.9
163.2
157.1
156.0
160.7
159.9
155.1
155.0
163.1
Coftee & aisc.foods
2091
TOBACCO PRODUCTS
21
.62
103.5
103.7
106.5
110.51
105.8
107.0
107.2
107.2
107.2
104.5
100.6
105.1
103.0
Cigarettes
211
.54
104.2
104.2
103.2
112.71
94.3
108.5
107.0
109.1
110.8
101.2
99.3
108.1
54.5
48.2
47.4
57.9
Cigars
212
.021
56.51
54.9
59.8
62.71
58.5
57.8
56.7
56.1
TEXTILE MILL PRODUCTS
22
2.29
115.9
116.8
117.3
118.2
116.2
115.3
117.0
117.3
114.6
114.3
117.1
116.4
115.7
115.1
105.6
107.8
105.0
102.2
104.1
102.7
105.4
104.4
100.0
Fabrics
221-4
.77
106.81
108.5
110.8
107.61
108.6
Cotton fabrics
2211
.281
129.5
130.9
135.7
128.5
128.0
128.0
130.0
123.3
119.5
120.3
114.1
121.2
120.5
95.3
96.5
94.51
95.9
90.6
93.7
93.2
90.6
93.4
94.6
94.7
92.8
87.9
Synthetic fabrics
2221
.40
93.3
Knit goods
2251
.55
110.6
113.9
108.0
114.11
111.2
114.9
116.6
119.0
112.4
112.5
116.9
118.4
119.5
119.7
Hosiery
2251,21
.12)
155.41
169.9
145.7
157.11
151.5
160.1
151.2
169.9
155.1
148.3
162.7
181.3
170.8
Knit garments
2253,4,7-91
E
97.81
97.9
97.2
101.81
99.6
102.0
106.7
104.4
100.2
102.2
103.8
100.4
104.8
105.5
227
.22
157.
158.8
100.6
159.4
162.8
158.0
146.2
152.2
162.1
158.2
160.5
164.2
149.1
160.0
Carpeting
125.0
117.6
120.1
Yarns & msc. text.
228,91
.55
127.8
124.0
129.8
130.51
129.9
125.6
126.7
126.2
121.1
116.8
126.6
APPAREL PRODUCTS
23
2.79
107.4
108.0
109.4
107.8
108.7
108.5
108.7
109.2
108.6
109.3
109.4
108.9
109.6
138.0
139.8
136.4
136.6
133.8
133.5
136.9
LOMBER AND PRODUCTS
24
2.30
130.3
129.8
134.0
133.6
136.3
139.0
137.8
Logging and Tumber
241,21
1.05
118.2
123.1
123.21
134.4
132.8
125.2
131.1
133.8
124.4
130.9
119.8
121.8
129.5
143.3
139.11
140.3
142.8
144.7
142.6
146.0
146.2
143.9
144.6
143.6
Lumber products
243-5,91
1.25
140.81
140.3
Millwork & plywood
2431
.671
175.7
173.5
179.1
172.01
175.3
181.2
182.7
177.4
181.7
181.7
178.0
178.8
175.5
2451
.25|
85.1
87.5
83.9
81.61
74.7
75.8
78.4
79.3
80.1
83.6
78.9
80.2
83.6
82.7
Manufactured homes
FURNITURE AND FIXTURES
25
1.27
156.0
158.5
159.4
158.0
158.3
159.4
159.2
160.5
161.2
162.9
164.9
165.1
164.1
251
.74
125.0
124.6
125.3
125.5
123.6
129.2
126.9
127.5
129.8
129.2
131.1
132.1
131.8
Household furniture
216.7
217.9
217.3
214.6
Fixt.,office furn.
252,4,9
.47
207.0
216.4
215.21
208.2
211.2
212.0
212.7
212.7
215.0
PAPER AND PRODUCTS
26
3.15
146.0
148.3
150.61
149.9
148.0
149.1
149.2
149.5
148.6
152.3
151.0
150.8
151.9
133.1
132.8
133.2
134.1
131.9
141.4
136.6
135.0
136.1
Pulp and paper
261-3
1.33
131.3
133.4
144.01
137.6
Hood pulp
261
,
126.6
124.1
138.61
133.0
127.1
126.5
127.6
125.4
125.8
137.7
132.3
130.5
.44
135.
134.4
140.4
143.21
140.5
136.7
138.3
139.9
141.5
137.4
143.9
142.3
142.0
141.3
Paper
262
263
.44
132.9
135.7
150.21
139.3
135.6
133.6
131.9
135.2
132.4
142.7
135.1
132.4
136.6
Paperboard
1.03
173.0
180.2
185.81
178.7
176.4
179.6
176.7
179.4
180.6
187.7
186.5
187.7
182.5
Converted paper prod.
204
133.8
133.9
138.0
Paperboard containers
265
.75
131.6
135.4
134.91
134.6
134.6
135.0
137.4
135.0
132.9
138.5
Note: Seasonally adjusted industry totals are not aggregated from the seasonally adjusted components,
but result from independent seasonal adjustment of the aggregated not seasonally adjusted components.
Table 4B
INDUSTRIAL PRODUCTION: INDUSTRY SUBTOTALS AND INDIVIDUAL SERIES
Not seasonally adjusted, 1977 = 100
1977)
1987
Series
Pro-1
Ann.
1987
1988
SIC
por-
Avg.
OCT
NOV
DBC
JAN
FEB
HAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
Code
tion
METAL MINING
10
.501
77.61
82.9
84.8
83.51
83.7
85.5
87.6
92.4
94.8
90.4
93.8
96.3
97.7
Iron ore
1011
.151
83.01
99.1
94.8
99.91
88.7
98.4
90.1
103.7
106.7
93.9
108.3
106.5
104.3
Nonterrous ores
102-6,8,91
.351
75.11
15.9
80.5
76.51
81.6
80.0
86.6
87.5
89.7
89.0
87.6
91.9
94.9
Copper ore
1021
.15
92.1
90.4
101.1
95.1/
99.4
95.9
103.9
101.7
107.2
101.6
101.7
107.0
104.6
Lead and zinc ores
1031
.051
55.0
57.3
50.5
53.6
55.9
61.3
71.7
69.6
65.6
69.9
61.6
71.1
67.6
Gold and silver ores
104
236.3
264.3
269.0
257.9
279.3
274.1
275.4
298.7
304.4
316.0
329.1
319.8
Perroalloy ores
106
.04
55.6
53.1
54.6
42.61
57.5
54.6
70.5
82.6
84.9
84.7
76.0
83.5
ANTHRACITE
11
.02
66.0
49.6
09.9
59.7
57.8
72.0
68.4
70.3
74.9
71.5
65.2
86.9
79.6
77.7
BITUMINOUS
12
1.58
132.5
146.5
141.0
129.71
134.2
139.3
138.5
136.9
126.6
132.6
128.8
148.2
146.1
143.8
OIL AND GAS EXTRACTION
13
7.07
92.7
94.3
97.0
98.7
97.4
95.4
94.4
93.2
91.8
92.4
90.9
91.1
90.0
91.0
Crude 011 is natural gas
131
5.621
94.61
93.5
90.2
98.21
96.2
97.0
95.9
94.9
93.2
94.0
91.7
91.5
90.1
91.3
Crude oil, total
3.46
100.3
100.7
100.8
100.41
100.0
99.5
101.4
101.1
99.3
100.3
98.2
97.1
96.5
95.4
Texas crude
1.34
66.81
66.9
00.0
00.11
65.4
65.8
66.3
66.0
64.9
65.5
64.1
63.4
63.0
62.3
Ataska,Calif.crude
.57
207.6
205.8
211.7
215.61
212.1
209.8
215.3
217.0
210.3
213.5
207.8
205.9
204.7
202.4
La. and other crude
1.541
89.6
91.1
89.3
87.41
88.5
87.9
89.5
88.5
87.9
88.5
87.2
85.9
85.4
84.5
Natural gas
2.16
85.5
81.9
88.9
94.7
95.2
93.0
87.2
85.0
83.5
83.8
81.3
82.5
Natural gas liyuids
132
.47
98.7
99.2
101.2
100.1
95.5
97.3
99.8
98.7
100.7
100.0
100.2
101.4
101.5
Propane
.051
99.21
99.4
101.4
101.71
101.0
101.4
102.3
101.0
98.4
95.7
96.5
96.3
Liquefied etroleum
.421
98.71
99.1
101.1
99.91
94.9
96.9
99.5
98.4
101.0
100.5
100.6
101.9
102.1
Oil & yas well drilling
138
.99
79.1
96.5
99.4
100.8
93.8
85.5
83.8
81.2
79.3
80.2
82.0
84.0
84.2
84.2
FOODS
20
7.96
137.8
145.1
139.1
135.9
133.7
135.0
135.2
134.7
138.8
145.4
146.1
151.5
152.8
151.1
Meat products
201
1.00
121.1
130.7
125.5
122.31
123.3
122.9
125.5
122.1
123.3
127.9
120.9
128.1
131.6
134.9
Beef
.43
93.31
98.2
91.2
88.31
94.8
91.2
88.3
89.9
91.7
96.7
96.7
99.2
97.6
97.9
Pork
.25
109.5
122.4
125.5
122.31
116.4
113.1
119.6
118.2
112.8
112.9
106.0
112.7
124.6
135.0
Poultry
.20
166.4
181.7
107.3
163.11
165.7
169.3
171.3
168.1
176.4
183.6
163.9
177.8
179.7
177.0
Misc. aeats
.18
153.7
163.6
161.4
158.4
154.2
161.4
172.4
153.7
154.6
161.4
152.0
164.0
169.7
177.4
Dairy products
202
.80
128.9
122.2
120.4
124.4
123.1
129.4
135.5
140.6
142.3
144.3
134.8
129.8
127.4
123.3
butter
2021
.01
102.31
96.9
101.0
115.3
139.8
134.1
122.7
125.2
118.4
100.6
85.1
78.2
91.1
103.4
Cheese
20221
.13
158.4
156.3
155.5
160.31
151.7
160.7
169.7
171.4
171.9
171.9
159.3
154.9
162.5
163.9
Concentrated mila
2023
-11,
120.5
109.7
109.7
131.61
127.3
135.6
141.8
156.8
152.4
156.2
124.2
113.6
109.9
100.8
Prozen desserts
2024
.09
149.1
131.5
120.5
114.9
110.2
130.2
151.4
158.0
172.6
199.9
194.4
183.6
159.4
135.7
Canned and frozen tood
203
1.09
161.5
185.0
160.3
151.0
143.4
154.7
153.4
149.1
156.1
167.0
170.0
186.0
199.0
189.3
Grain mill roducts
204
.94
135.8
137.9
139.4
140.61
139.5
137.6
135.6
136.7
143.8
146.1
149.0
153.5
150.5
153.7
Flour
2041
.121
132.7
143.3
143.0
123.61
122.8
121.8
115.3
122.5
132.2
128.9
135.7
136.9
134.1
149.7
Bakery products
205
1.00
133.2
137.0
129.4
127.7
128.0
125.5
127.6
126.6
132.0
146.4
151.0
156.7
157.9
147.0
Beverages
2081
1.41
134.4
135.7
129.7
122.7
124.7
127.0
126.7
133.8
139.1
144.6
149.4
149.9
146.8
139.6
Beer and ale
2082,3
.38
114.61
106.3
96.4
92.01
113.1
115.9
115.2
126.8
128.3
130.2
130.0
119.2
Wine and brandy
20841
.07
196.1
208.9
207.0
194.11
172.0
190.0
189.0
211.6
213.8
240.3
210.1
Soft drinks
2086,71
.79
148.4
151.9
147.4
139.01
135.7
137.5
136.7
139.1
150.1
157.1
169.6
174.3
170.6
158.0
Liquors
20851
.16
86.4
94.2
88.6
85.51
78.0
75.2
78.4
90.4
78.7
76.7
71.0
76.3
Fats and oils
207
.27
125.1
130.6
130.3
134.4
134.2
130.4
134.6
128.4
128.3
129.3
125.8
120.0
124.4
132.6
Coffee & alsc.toods
2091
.79
159.5
169.8
103.2
161.3
159.5
156.6
152.2
148.5
153.0
160.3
165.0
168.9
161.3
165.7
TOBACCO PRODUCTS
21
.02
103.5
116.4
108.3
88.0
102.2
113.8
109.6
104.0
102.5
112.8
87.0
113.4
107.1
Cigarettes
211
.54
104.2
115.6
100.7
85.21
99.6
113.4
112.2
104.5
102.7
113.4
86.1
113.6
Cigars
212
.021
56.51
63.5
60.0
46.5
57.7
58.7
57.4
55.8
57.3
51.7
38.7
62.0
TEXTILE MILL PRODUCTS
22
2.29
115.9
123.6
118.0
104.8
108.6
115.2
117.2
118.0
117.0
118.9
109.4
123.6
120.5
121.2
Fabrics
221-4
.77
106.8
115.6
112.3
94.11
108.3
110.2
110.7
106.4
105.6
104.8
89.4
108.9
106.5
106.4
Cotton fabrics
221
.28
129.5
140.4
137.0
110.41
128.5
133.4
133.6
125.8
124.7
119.8
98.0
127.3
122.4
Synthetic fabrics
222
.40
93.3
101.7
98.3
81.1
96.5
96.0
96.7
94.3
93.5
94.2
81.5
97.1
94.5
93.8
Knit goods
225
.55
110.6
117.6
105.6
100.6
94.6
109.8
113.0
117.3
113.6
124.3
122.3
128.7
129.5
123.7
Hosiery
2251,21
.12
155.4
170.6
141.0
134.71
147.7
164.5
158.2
180.8
155.6
158.5
175.8
171.3
163.5
Knit garments
2253,4,7-91
.43
97.8
102.5
95.5
90.9
79.4
94.2
100.1
99.2
101.6
114.6
107.0
116.5
119.8
110.5
Carpeting
227
.22
157.1
174.8
167.5
141.1
133.5
142.5
149.1
165.8
168.9
167.3
168.1
159.1
162.9
176.1
Yarns & EISC. text.
228,91
.55
127.8
131.0
129.2
116.6
123.9
127.0
128.2
126.0
126.5
122.0
109.6
135.2
123.0
126.8
APPAREL PRODUCTS
23
2.79
107.4
110.7
109.3
107.0
105.2
107.5
108.4
107.6
107.4
111.3
105.9
112.4
113.6
LUMBER AND PRODUCTS
24
2.30
130.3
137.0
130.7
120.3
128.5
135.2
136.1
139.2
141.3
143.4
134.2
139.2
141.2
143.4
Logging and lumber
241,21
1.05
117.8
125.7
119.2
109.41
122.7
130.0
127.1
133.0
132.4
134.3
125.5
125.7
130.5
137.8
Lumber products
243-5,91
1.25
140.81
146.5
140.2
129.41
133.2
139.6
143.7
144.3
148.8
151.1
141.4
150.4
149.2
Miliwork & plywood
2431
.67
175.7
181.4
176.4
163.21
169.3
174.9
179.1
177.2
184.2
186.4
176.9
186.0
182.7
Manufactured homes
245
.25
85.1
96.4
77.5
59.61
59.2
69.5
78.7
86.0
87.6
95.1
76.7
92.0
90.7
91.5
PURNITULE AND FIATURES
25
1.27
152.8
160.8
158.8
155.8
151.8
164.0
160.2
156.0
154.7
162.8
155.6
170.9
172.3
169.0
Household furniture
251
.74
123.1
128.1
125.2
123.41
120.9
131.1
130.9
125.7
123.5
131.3
116.7
135.0
137.8
135.1
Pixt. office furn.
252,4,9
.47
201.5
214.2
213.5
208.4]
201.6
219.0
208.8
205.0
204.4
213.0
217.0
229.0
228.0
222.0
PAPER AND PRODUCTS
26
3.15
144.4
148.7
146.9
142.0
150.2
152.0
153.7
151.1
148.2
150.3
146.8
152.0
151.7
155.5
Pulp and paper
261-3
1.33
132.
132.1
133.6
132.11
137.4
138.0
138.2
135.2
134.7
134.7
134.1
136.8
135.7
137.0
Wood pulp
261
.44
127.2
127.2
124.9
129.61
132.3
132.1
131.2
129.8
125.3
128.4
131.0
132.2
129.9
Paper
262
.44
135.3
136.6
140.7
134.51
141.6
142.7
143.7
141.0
140.2
139.5
136.0
141.2
141.9
143.6
Paperboard
263
.44
134.0
132.7
135.1
132.21
138.1
139.4
139.6
134.8
138.7
136.3
135.2
137.1
135.2
136.4
Converted paper prod.
264
1.03
171.7
176.0
179.5
174.3
180.5
183.5
187.3
181.4
179.3
182.6
176.1
185.0
184.6
185.7
Paperboard containers
265
.75
131.8
143.5
128.7
117.7
134.3
136.8
138.5
141.0
132.4
136.9
132.4
136.7
138.1
150.4
-
Note: Seasonally adjusted industry totals are not aggregated from the seasonally adjusted components,
but result from independent seasonal adjustment of the aggregated not seasonally adjusted components.
9
Table 4A-continued
INDUSTRIAL PRODUCTION: INDUSTRY SUBTOTALS AND INDIVIDUAL SERIES
Seasonally adjusted, 1977 = 100
1977
1987
Pro-1
Ann.
1987
1988
Series
SIC
por-1
Avg.
OCT
NOV
DEC
JAN
FEB
BAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
Code
tion
176.9
177.5
178.7
180.4
181.8
180.7
182.3
184.9
186.7
188.7
189.3
PRINTING b PUBLISHING
271
4.54
172.1
175.2
175.7
Newspapers
2711
1.351
146.21
148.3
148.6
146.61
148.5
148.6
150.4
146.5
144.3
146.5
150.4
148.7
152.7
148.2
272,3,71
1.24)
160.51
160.0
159.5
169.11
165.1
164.5
170.2
173.6
171.6
174.5
174.3
177.6
180.1
181.5
Period., cards
1.95
197.4
202.2
204.0
202.91
203.9
209.6
208.5
212.5
213.6
211.9
215.6
218.0
219.7
221.5
Job printing
274-6,8,91
281
8.05
140.21
141.5
144.4
147.91
147.9
145.4
146.4
148.9
149.1
150.5
153.4
154.8
155.5
156.5
CHEBICALS & PRODUCTS
146.2
147.0
146.2
147.4
Chemicals & syn. mat.281,2,61
3.861
135.61
139.5
143.1
143.61
143.0
138.4
140.5
143.2
142.0
142.6
Basic chemicals
2811
.921
104.91
103.5
112.3
107.11
104.3
96.2
101.4
104.8
102.7
101.8
103.4
104.0
106.8
104.6
104.6
103.7
106.2
102.2
91.9
90.1
93.7
99.6
108.1
110.6
Alkalies & chlorine
28121
.121
103.41
105.2
114.8
108.51
Industrial Gases
28131
.101
150.31
157.0
157.3
164.71
156.5
155.0
153.4
151.4
157.5
153.8
159.7
157.7
159.9
28161
.081
100.51
99.3
111.4
97.61
107.1
101.4
104.2
103.5
112.5
99.1
102.1
107.1
100.4
95.6
Inorganic pigments
2819
.621
98.21
94.7
104.4
98.41
95.0
84.3
91.4
97.6
94.3
95.6
96.0
95.4
98.4
94.8
Inorganic chea, Bec
.401
102.61
97.3
112.4
106.01
100.8
84.7
96.1
104.4
98.8
100.8
100.9
100.0
104.8
99.0
Acids & other ches.
192.8
199.6
201.8
192.8
197.9
Synthetic materials
2821
1.11
181.71
186.9
191.6
194.8
192.8
184.6
186.3
193.0
190.8
Plastics materials
2621)
.59
252.51
261.0
267.7
277.31
273.7
257.8
262.1
271.3
267.5
269.2
278.9
288.5
274.2
97.9
106.3)
93.0
94.1
96.2
96.5
104.7
101.4
97.3
104.7
101.9
Syathetic rubber
28221
.081
92.71
95.0
Syathetic fibers
2823,41
.441
104.31
105.5
108.0
101.7
103.8
104.3
102.5
107.0
104.9
108.4
113.4
104.7
101.6
108.7
2861
1.83
122.9
128.9
129.0
130.7
132.2
131.5
132.3
132.3
132.1
132.6
135.1
135.4
137.7
138.2
Indust. organic ches.
Chemical products 283-5,9
3.65
152.11
151.0
153.2
157.31
160.0
159.7
159.1
163.9
165.9
160.9
169.3
170.8
170.6
172.6
Drugs & medicines
1.41
138.31
133.7
134.0
142.71
146.6
149.2
144.3
153.6
150.4
150.6
152.9
155.0
153.4
153.2
283
211.3
213.7
215.2
216.3
217.0
219.7
Soap & toiletries
2841
1.34
188.91
187.3
192.6
195.5
196.7
193.2
197.7
200.6
Paints
285
.40
100.51
107.9
100.5
104.7
110.6
106.1
103.2
105.3
102.8
100.7
105.9
106.5
107.2
116.3
99.51
102.1
101.6
99.9
100.2
99.6
94.1
101.6
103.1
96.9
100.4
Agricultural chemicals
2871
.54
92.4
94.7
96.6
PETROLEUM PRODUCTS
291
2.40
93.51
94.6
93.3
96.1
90.3
95.9
98.4
98.5
95.2
94.1
95.0
96.0
93.6
96.2
291,9
2.21/
92.01
93.5
92.4
95.01
94.3
93.0
96.2
96.4
93.1
92.3
93.7
95.1
92.2
94.9
Petroleum refining
.961
97.21
97.3
97.3
97.51
96.6
99.3
98.8
101.2
96.7
95.9
99.4
100.2
97.2
101.3
Automotive gasoline
.43
83.21
83.9
87.2
91.81
91.8
84.5
89.1
91.9
89.6
88.0
85.0
86.8
83.6
85.2
Distillate fuel oil
51.1
55.8
58.1
52.8
51.3
52.3
Residual ruel oil
.15
50.51
52.3
49.9
50.01
52.6
53.1
54.7
52.9
Aviation fuel & xeros.
.18
122.2
129.5
125.0
129.8
124.5
123.7
129.3
121.0
123.1
123.9
123.8
123.9
125.2
121.5
91.51
94.4
88.7
94.11
94.1
89.4
98.4
95.8
91.2
89.0
90.6
95.3
90.7
Misc. petroleum prod.
.48
Befinery fuel, aec
.09
126.21
126.6
128.6
131.41
138.1
135.2
140.2
139.3
135.1
129.6
133.7
133.1
Refinery nonfuel mat.
.261
74.41
77.1
72.4
77.11
76.6
65.6
73.9
77.6
68.4
67.3
69.2
77.6
102.5
99.0
105.4
118.2
102.5
106.6
104.3
103.5
104.7
Befinery products, nec
.131
101.8
106.6
94.1
RUBBER & PLASTICS PROD.
30
2.80
163.61
166.7
169.9
170.61
170.5
172.3
172.2
172.3
173.4
174.4
175.4
175.3
175.2
176.0
301
.621
119.3
123.9
125.3
122.51
122.7
122.9
122.4
122.0
126.2
128.0
129.0
124.1
124.9
Tires
139.7
Rub.prod.ex.tires
302-4,6
.51
126.0
124.0
127.9
135.41
134.5
137.0
135.8
137.8
136.7
139.8
139.7
140.2
139.6
Plastics products, Dec
3071
1.67
191.7
195.5
199.7
199.51
198.6
203.5
201.1
200.5
202.0
203.4
203.7
205.3
203.7
205.4
57.1
58.9
59.1
59.4
59.5
59.8
LEATHER AND PRODUCTS
311
.53
60.0
59.6
60.7
57.5
58.3
59.7
59.5
58.0
Pers. leather gds 313,5-7,91
.161
77.3
79.0
79.0
77.11
77.9
76.2
77.2
75.7
77.1
75.3
77.1
78.7
77.7
78.1
51.2
45.91
46.5
52.4
50.3
48.9
47.3
49.7
48.5
50.4
50.5
50.2
Shoes
3141
.291
51.41
50.2
CLAY,GLASS is STONE PROD.
321
2.72
119.11
118.9
120.5
120.11
120.4
121.6
122.5
121.4
121.5
123.4
122.2
122.6
122.8
122.6
3221
.51
109.0
106.5
101.8
109.11
105.7
104.4
107.4
109.8
109.8
107.7
109.5
108.1
108.3
106.9
Pressed & blown glass
Glass containers
32211
.301
95.5
93.3
84.3
97.21
90.5
86.9
93.0
95.6
95.6
92.5
95.7
91.9
91.3
90.0
324
.24
103.31
107.1
104.6
104.71
96.8
87.4
107.4
100.8
104.6
105.5
98.0
98.8
102.9
Cement
141.1
140.6
135.8
141.1
138.2
134.6
Structural clay prod.
3251
.15
135.81
140.3
135.8
136.91
136.2
146.4
142.3
142.2
Brick
32511
.071
99.51
99.8
101.2
105.51
100.5
109.0
110.2
103.7
100.2
102.7
99.7
103.0
97.8
94.7
39.71
39.4
43.1
37.4
34.6
37.1
34.8
35.1
39.4
37.2
39.1
Clay sever pipe
32591
.021
35.61
37.4
38.8
Clay tile
3253,51
.07
199.61
209.1
197.1
195.01
198.5
212.2
203.2
207.7
213.2
207.5
199.6
207.2
206.4
200.7
326-9
1.55
121.6
121.1
123.9
123.11
125.0
125.4
127.0
123.7
124.4
126.7
126.0
125.8
127.5
125.4
Concrete and aisc.
PRIMARY METALS
33
5.331
81.31
90.6
90.2
90.6
86.5
86.4
85.1
85.3
89.2
87.5
91.5
90.8
93.0
94.3
Iron and steel
331,21
3.491
70.61
82.0
79.7
81.91
77.8
77.4
74.2
74.5
78.6
74.2
80.2
78.9
81.4
83.7
91.2
85.6
89.4
91.7
Basic st. & aill prod.
3311
2.601
75.41
87.2
85.5
87.01
83.1
83.9
80.3
80.8
84.8
80.4
Basic iron and steel
1.11/
64.31
73.4
74.2
74.01
73.7
70.4
70.8
68.1
71.3
70.1
76.2
77.5
79.4
75.7
71.0
65.8
65.1
62.4
64.1
63.8
69.4
69.7
75.2
73.0
Pig iron
.421
59.51
69.2
69.6
71.71
Raw steel
.51
70.91
78.9
80.2
79.41
80.1
76.1
76.8
74.0
79.6
11.7
84.4
87.0
86.5
80.6
Steel mill products
1.49
83.71
97.4
94.0
96.7
90.2
93.9
87.3
90.2
94.8
88.0
102.4
91.6
96.8
103.6
70.9
Consumer dur. steel
.38
54.21
59.3
56.6
56.21
49.1
57.3
55.3
57.8
63.6
58.8
61.7
60.7
63.6
Equipment steel
.361
43.11
52.3
51.4
53.51
52.2
50.6
49.4
50.3
50.3
49.6
53.4
45.4
48.9
53.7
Construction steel
.191
73.71
90.7
84.1
88.11
81.0
80.1
73.8
73.9
76.0
65.4
79.0
70.5
78.4
84.2
Can & closure steel
.10
63.21
64.4
60.1
89.41
56.4
55.9
57.2
69.3
67.9
61.9
69.5
60.5
64.2
74.2
.46
147.8
173.6
169.0
168.61
164.4
171.3
155.1
158.9
168.3
156.7
190.4
168.0
175.8
183.4
Misc. steel
Iron & steel founories
3321
.89
56.4
65.8
58.0
61.81
57.9
56.4
59.4
58.3
64.6
54.3
53.6
55.6
57.6
64.6
333-6,9
1.85
101.6
106.9
110.0
107.01
103.0
103.5
105.7
105.6
109.1
112.7
112.7
113.3
115.0
114.2
Nonferrous metals
99.1
97.2
99.0
98.9
Primary nonf. metals
3331
.511
84.21
90.2
91.1
91.71
90.0
91.3
94.0
90.3
92.5
93.6
Copper
3331
.13
93.01
105.3
99.6
105.51
103.4
103.0
106.8
93.2
99.5
94.3
104.8
121.5
120.2
100.6
92.3
93.9
94.6
94.4
95.4
97.1
97.2
97.4
97.3
Aluminum
3334
.281
81.21
86.4
89.1
89.81
91.2
Secondary nonf. atls.
334
.11
75.3
75.6
76.5
80.61
81.1
78.1
81.4
74.2
74.8
77.5
86.4
77.6
76.9
1.12
111.8
117.3
120.7
119.71
110.8
111.4
113.3
115.1
119.4
123.1
120.8
124.0
124.8
122.7
Bonferrous products
335,6
Nonf. mill products
3351
.84
102.7
105.2
112.5
111.8
102.0
101.6
103.1
102.6
104.7
110.1
108.9
112.3
109.3
106.0
3351
.14
103.8
122.3
146.0
116.31
105.0
102.5
94.9
96.2
96.0
110.0
98.2
118.7
103.2
104.4
Copper mill prod.
126.8
124.2
113.1
Alum. mill prod.
3353-5
.32
116.6
113.8
120.7
132.3)
111.8
112.4
118.4
115.5
117.4
124.6
129.6
Construction
.091
119.01
110.7
119.1
116.71
112.0
117.3
123.9
120.6
125.1
125.8
122.5
134.6
123.8
111.7
110.4
116.3
113.5
114.4
124.2
132.4
123.8
124.4
113.6
Bisc. alus. mats.
.23
115.71
115.0
121.3
138.5
111.8
Nonferrous foundries
336
.28
139.21
153.8
145.5
143.81
137.3
140.9
144.0
152.9
163.7
162.0
156.5
159.1
171.5
173.2
Note: Seasonally adjusted industry totals are not aggregated from the seasonally adjusted components,
but result from independent seasonal adjustment of the aggregated not seasonally adjusted components.
10
Table 4B-continued
INDUSTRIAL PRODUCTION: INDUSTRY SUBTOTALS AND INDIVIDUAL SERIES
Not seasonally adjusted, 1977 = 100
1977
1987
Pro-
Ann.
1987
1988
Series
SIC
por-
Avg.
OCT
NOV
DEC
JAN
FEB
BAR
APR
BAY
JUN
JUL
AUG
SEP
OCT
Code
tion
169.5
161.7
168.9
170.2
173.8
175.4
186.1
194.8
206.0
207.0
198.4
PRINTING & PUBLISHING
27
4.54
172.1
183.7
174.9
Newspapers
2711
1.35
146.21
159.4
162.8
148.71
133.6
145.6
150.4
150.1
148.3
146.4
137.3
142.2
154.5
159.2
272,3,71
1.24
160.5
163.1
154.5
157.91
152.7
156.6
158.6
163.4
165.5
178.3
189.2
202.5
200.9
185.0
Period., books,cards
Job printing
274-6,8,91
1.95
197.4
213.7
196.3
191.31
186.8
192.8
191.4
196.8
200.5
218.5
238.3
252.5
247.3
234.0
CHESICALS & PRODUCTS
281
8.05
140.2
143.8
142.6
141.31
140.9
143.9
145.4
148.3
149.0
155.1
156.0
157.6
162.0
158.4
143.0
143.6
148.5
148.2
Chemicals & syn.
mat.281,2,61
3.86
135.6
140.3
142.1
141.11
138.5
141.5
143.0
145.2
142.4
144.9
Basic chemicals
2811
.921
104.9
105.5
109.9
103.6)
99.9
101.6
103.0
105.0
102.3
105.0
100.9
100.9
108.5
106.6
105.7
107.0
106.2
94.0
94.6
94.0
96.8
109.9
108.0
Alkalies & chlorine
28121
.12
103.41
102.7
109.6
107.61
98.3
Industrial Gases
28131
.10
150.3
155.0
158.7
160.01
153.3
159.5
157.4
155.7
158.7
154.7
153.6
155.6
161.1
28161
100.5
95.3
106.0
96.01
100.3
105.1
103.9
109.2
109.1
110.6
101.7
99.7
107.2
91.7
Inorganic pigments
.081
Inorganic ches, Dec
28191
.621
98.21
99.0
102.3
94.41
91.1
90.7
93.0
95.7
93.5
97.9
93.3
92.6
99.6
99.2
Acids & other cher.
.401
102.61
104.0
109.4
99.71
94.8
95.1
98.3
101.2
97.1
104.1
96.9
95.9
106.9
106.0
191.2
194.3
198.7
198.8
Synthetic materials
282
1.11
181.7
187.7
188.8
187.21
182.0
192.1
194.4
200.1
192.7
196.7
Plastics materials
2821
.59
252.51
263.2
204.7
263.41
254.2
267.1
276.0
281.6
270.3
275.7
267.9
278.1
283.9
93.51
94.4
98.1
103.0
103.2
105.5
101.8
92.6
100.1
102.8
Synthetic rubber
28221
.081
92.71
95.4
96.0
Synthetic fibers
2823,4
.441
104.31
104.6
105.3
103.31
102.3
109.8
103.1
110.0
105.7
109.6
107.4
100.4
103.5
107.8
280
1.83
122.9
128.9
129.9
131.9
131.5
130.7
131.9
132.0
132.0
133.5
134.9
134.2
138.1
138.3
Indust. oryanic ches.
Chemical products
283-5,9
3.65
152.1
154.4
149.7
147.91
149.9
152.9
154.1
157.8
103.0
174.7
178.4
181.4
184.5
176.6
2831
1.41
138.31
138.3
131.2
133.81
133.8
136.1
135.1
145.6
144.9
161.4
169.0
169.0
170.0
158.5
Drugs & medicines
216.0
227.0
235.2
226.0
Soap & toiletries
284
1.34
188.91
192.7
191.5
188.21
188.1
191.2
193.4
189.4
204.9
222.0
Paints
2851
.40
100.51
103.7
88.9
74.11
91.0
99.8
106.4
117.4
118.1
123.3
112.2
117.0
111.1
112.3
100.8
102.5
106.1
101.6
94.4
96.1
97.7
99.3
102.3
Agricultural chemicals
2871
.54
92.41
96.5
97.3
98.71
97.7
PETROLEUM PRODUCTS
291
2.40
93.51
95.1
95.4
96.71
91.7
89.8
92.2
94.7
95.6
98.2
99.4
100.9
97.2
96.7
92.01
92.4
93.1
95.41
91.8
89.8
91.7
93.6
93.3
95.9
96.9
98.3
94.4
93.7
Petroleum refining
291,91
2.21
Automotive gasoline
.90
97.21
94.7
98.3
99.81
95.6
95.8
95.2
98.2
97.4
99.3
101.8
102.4
98.5
98.6
Distillate fuel oil
.431
83.21
84.6
92.7
98.71
91.6
81.7
82.9
87.4
89.3
88.1
84.8
86.6
84.7
86.0
52.1
49.3
49.0
50.6
Residual fuel 011
.151
50.51
50.5
52.8
57.21
57.6
56.9
53.9
54.3
49.4
50.3
Aviation fuel & keros.
.18
122.21
131.0
128.5
132.5
130.1
128.2
130.3
115.2
115.5
120.2
123.3
123.1
125.2
122.9
Misc. petroleum prod.
.48
91.51
93.8
82.6
82.21
81.2
81.3
90.3
94.5
94.6
101.6
102.5
107.1
98.2
Refinery fuel, Dec
.09
126.21
122.2
125.1
130.81
132.7
131.0
134.4
134.2
137.2
137.5
139.5
141.2
Refinery nonfuel Bat.
.261
74.41
71.5
65.5
70.11
70.8
67.2
75.7
79.8
69.8
75.0
75.6
79.3
75.7
89.6
96.7
114.5
129.4
130.3
138.8
Refinery products, mec
.13
101.81
118.3
87.4
73.41
67.4
RUBBER & PLASTICS PROD.
30
2.80
163.6
172.4
167.9
160.91
161.1
178.6
175.9
173.8
173.0
178.4
166.2
177.9
181.0
182.1
3011
.621
119.31
131.7
119.9
110.31
124.2
132.3
131.9
127.5
123.0
127.4
109.6
124.1
129.6
Tires
302-4.61
.51
126.0
126.6
128.4
130.71
127.9
140.1
139.6
138.2
139.3
142.7
131.9
140.7
141.9
142.6
Rub. tires
3071
1.67
191.71
201.5
198.9
189.91
185.0
207.6
203.3
201.9
201.8
208.2
197.5
209.2
212.0
211.7
Plastics products, Lec
51.0
62.0
61.7
63.0
LEATHER AND PRODUCTS
31
.53
60.01
62.8
62.4
53.9
56.2
62.0
60.8
57.9
58.0
59.5
Pers. leather gds 313,5-7,91
.161
77.31
83.5
83.2
77.81
74.3
73.8
76.0
74.2
75.7
76.7
72.1
80.0
80.9
82.5
45.3
56.2
53.2
49.1
48.8
50.1
40.0
53.2
51.4
53.3
Shoes
3141
.291
51.41
53.3
52.1
40.11
GLASS & STONE PROD.
321
2.72
119.1
124.6
120.7
113.9
112.1
114.7
120.1
121.7
123.8
127.5
123.4
127.6
127.8
128.2
.51
109.01
111.3
100.7
92.71
98.0
106.3
109.0
111.9
110.5
112.5
111.6
113.2
110.3
111.6
Pressed & blown glass
3221
32211
.30
95.51
98.8
80.6
72.71
83.7
92.4
95.1
100.0
97.1
99.4
98.8
97.8
90.4
95.4
Glass containers
3241
.24
103.3
126.6
103.3
76.51
55.4
58.7
90.3
105.4
117.2
129.5
115.6
123.0
123.0
Cement
124.9
146.0
145.6
139.8
Structural clay prod.
3251
.15
135.81
145.8
139.5
130.91
129.5
141.3
140.4
142.2
142.7
148.0
Brick
32511
.071
99.51
108.2
100.7
98.31
87.5
97.0
103.6
106.0
104.7
109.7
100.5
109.7
105.7
102.6
33.5
35.8
36.6
37.8
38.6
41.1
40.9
41.7
41.9
Clay sever pipe
32591
.02
35.61
40.1
38.1
33.91
33.1
Clay tile
3253,51
.07
199.61
212.4
200.2
190.11
198.2
215.3
205.9
207.5
209.5
216.2
172.3
211.1
214.1
203.9
121.61
125.5
126.2
121.6
120.7
120.9
124.1
123.3
125.1
127.9
125.3
128.8
129.4
129.9
Concrete and misc.
320-91
1.55
PRIMARY METALS
331
5.33
81.31
88.7
85.6
83.71
84.7
90.0
91.7
92.3
94.8
90.6
85.4
85.9
90.5
92.8
Iron and steel
331,21
3.49
70.61
78.7
73.9
74.11
75.1
80.1
80.4
82.7
85.6
77.8
76.7
73.7
78.0
81.1
85.1
85.9
Basic st. & mill prod.
3311
2.60
75.41
81.6
80.0
81.91
82.2
87.6
86.6
88.9
91.4
84.5
86.2
80.2
Basic iron and steel
1.11)
64.31
69.6
70.2
68.91
72.4
74.2
76.3
75.5
77.0
72.7
73.5
71.3
74.3
71.8
70.2
70.4
71.4
67.3
69.0
66.4
69.1
67.3
.421
59.51
63.9
65.1
04.41
67.9
68.8
Pig iron
Raw steel
.511
70.9
76.6
76.8
75.61
79.7
81.3
84.2
82.1
84.3
79.1
79.1
77.3
81.4
78.2
1.49
83.7
90.6
87.3
91.6)
89.5
97.5
94.1
98.8
102.0
93.2
95.5
86.8
93.1
96.4
Steel mill products
.381
54.21
57.4
53.8
50.21
53.1
60.4
57.6
62.2
68.0
61.5
54.2
56.6
63.6
68.6
Consumer dur. steel
.361
43.11
49.0
47.9
49.11
49.6
54.0
53.5
55.7
54.4
51.4
48.5
45.2
48.1
50.2
Equipment steel
79.0
74.6
80.0
70.3
77.6
78.6
Construction steel
.191
73.71
84.6
78.8
79.51
75.2
77.9
75.7
82.7
Can & closure steel
.101
63.21
57.7
55.7
84.11
57.5
56.0
58.9
70.2
69.5
67.0
71.5
63.3
63.7
66.4
159.8
155.6
165.31
163.1
178.4
170.7
176.6
181.7
165.0
177.5
155.7
164.9
168.7
Misc. steel
.461
147.81
Iron & steel foundries
3321
.891
56.4
70.0
55.9
50.91
54.1
58.1
62.3
64.4
68.7
58.3
48.9
54.9
57.1
68.8
Nonferrous metals
333-0,91
1.85
101.6
107.6
107.8
101.91
102.7
108.6
112.9
110.4
112.1
114.6
101.7
108.8
114.0
114.9
92.2
98.3
Primary nouf. retals
3331
.511
84.21
89.6
91.0
91.21
91.1
94.6
97.3
94.3
95.7
93.7
91.5
95.0
Copper
33311
.131
93.01
103.8
100.9
101.91
103.6
105.9
112.3
102.8
107.5
100.0
96.3
107.9
107.9
99.2
95.6
96.0
95.5
95.4
95.1
96.5
97.1
Aluminum
33341
.281
81.21
86.2
88.9
90.31
91.4
93.1
94.4
Secondary nonf. atls.
3341
.111
75.31
79.8
78.4
74.51
75.6
83.9
84.2
76.9
74.1
78.1
75.8
76.4
81.1
118.2
118.0
109.21
110.2
116.8
122.1
120.5
123.1
127.2
108.3
119.1
125.1
123.7
Nonferrous products
335,61
1.12
111.81
Nonf. mill products
3351
.841
102.71
106.0
108.1
105.21
99.7
103.2
108.8
106.3
108.2
112.7
102.8
109.6
111.2
106.8
33511
.141
103.81
122.7
133.6
105.31
102.2
105.0
106.5
104.3
104.9
111.0
83.3
109.0
114.0
104.7
Copper mill prod.
114.8
Alum. mili. prod.
3353-51
.321
116.61
115.5
113.1
116.9
106.1
115.5
126.4
121.0
124.0
131.6
125.0
126.7
123.4
.091
119.01
117.0
117.1
99.31
106.3
120.4
126.7
126.4
126.5
132.7
118.1
136.8
125.8
118.0
Construction
118.9
123.0
131.2
127.7
122.7
122.4
113.6
Misc. alum. Bats.
.23
115.71
114.9
111.5
123.81
106.0
113.5
126.4
Nonferrous foundries
3361
.28]
139.21
155.0
147.8
121.51
141.9
157.5
162.4
163.2
168.1
170.8
125.1
147.9
166.7
174.5
Note: Seasonally adjusted industry totals are not aggregated from the seasonally adjusted components,
but result from independent seasonal adjustment of the aggregated not seasonally adjusted components.
11
Table 4A-continued
INDUSTRIAL PRODUCTION: INDUSTRY SUBTOTALS AND INDIVIDUAL SERIES
Seasonally adjusted, 1977 = 100
1977
1987
Series
Pro-
Ann.
1987
1988
SIC
por-
Avg.
OCT
NOV
DEC
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
Code
tion
FABRICATED BETAL PRODUCTS 341
6.46
111.0
113.5
113.6
115.8
117.1
117.6
118.8
118.8
119.8
120.4
121.7
122.1
122.6
122.9
91.7
96.5
98.1
98.6
95.8
99.6
97.6
98.9
100.6
99.5
101.5
Metal containers
3411
.521
91.7
91.7
96.4
Bardware,tools,cutler)
3421
.731
103.5
103.3
102.8
106.2
105.8
107.5
109.0
109.8
112.8
112.4
113.4
113.2
114.3
114.6
Structural metal prod.
344
1.67
109.5
110.1
111.5
111.4
113.7
112.1
113.1
114.9
115.4
115.7
116.7
115.4
116.0
117.3
1.95
11b.7
122.4
119.8
123.4
126.7
128.1
128.2
128.8
129.0
130.8
131.8
131.6
131.9
133.1
Fasteners, stamp, etc. 345-7
NONELECTRICAL MACHINERY
351
9.54
152.7
158.0
157.2
161.0
162.9
163.6
164.6
167.2
170.3
171.2
173.1
174.1
175.0
175.3
351,21
1.481
64.31
68.5
69.7
69.7
71.3
70.7
70.3
73.4
72.9
73.2
74.7
74.4
75.1
76.0
Engine & fara equip.
Construct. L allied eg.
353
1.68
73.91
77.2
77.6
77.9
76.9
77.3
79.7
81.2
83.2
84.2
86.3
86.0
87.4
87.4
154.6
155.5
156.0
Metalworkin, machinery
354
1.24
135.9)
136.8
136.7
147.41
142.5
142.8
144.7
144.4
144.2
150.4
153.5
Spec. & genl. ind. ey.
355,61
2.12
102.21
105.9
104.7
107.0
109.8
108.0
111.2
111.5
112.6
114.2
116.0
116.0
117.0
118.5
Office, serv, & aisc.
357-91
3.02
282.61
291.7
287.2
302.0
303.6
307.5
304.9
309.6
318.0
317.3
316.6
320.0
321.4
319.0
178.7
179.1
179.5
181.5
182.2
181.7
183.1
ELECTRICAL MACHINERY
It
7.15
172.3
175.5
175.6
175.9
177.4
177.8
176.6
Major elect. ey.8 its
361,21
1.27
97.21
97.3
97.6
100.4
99.0
103.0
102.9
101.6
101.9
104.8
106.0
106.9
105.4
105.0
Household appliances
3631
.75
134.5
135.7
143.1
132.51
139.0
135.8
126.8
133.8
136.9
123.5
135.4
142.1
129.2
150.3
208.3
237.0
219.3
206.0
209.4
195.3
164.2
219.1
222.4
203.4
254.4
Cooking equipment
36311
.11
228.8
242.5
243.3
Refrigeration appl.
36321
.17
115.0
115.5
132.8
121.7
119.2
121.6
102.4
113.0
121.8
105.5
108.2
131.6
105.6
136.2
Laundry appliances
36331
.121
155.31
148.6
107.7
145.81
152.1
152.6
148.2
164.7
179.8
165.6
155.3
166.9
141.5
168.7
.35
106.8
107.2
108.1
109.21
113.0
110.5
106.1
109.2
110.9
104.8
115.0
113.2
112.7
117.8
Misc. appliances
3634-6,91
3051
.44
155.2
156.7
164.4
165.0
146.6
155.5
143.3
157.6
154.5
148.8
157.6
159.2
163.8
152.3
TV and radio sets
3001
2.01
221.0
220.3
218.8
217.71
223.4
222.9
221.0
221.6
221.4
221.1
221.3
221.1
218.0
215.7
Communication equipment
Electronic components
3071
1.31
250.1
261.9
263.7
268.61
266.8
268.2
270.6
270.5
274.2
277.3
282.3
282.9
283.1
286.6
166.8
165.7
TV tubes
3671-31
.13
135.1
156.6
150.2
180.2
114.4
119.8
122.8
119.8
135.9
139.2
145.5
Misc. electrical supp.
3691
.70
124.9
128.4
125.4
124.5
131.6
129.1
131.0
132.9
131.8
135.6
136.6
131.7
133.9
136.4
Storage battery
36911
.13
128.3
134.8
114.0
112.9
148.1
135.3
140.3
143.9
138.1
144.4
154.2
131.2
133.2
133.9
130.4
133.1
132.8
131.9
131.8
132.6
134.3
TRANSPORTATION EQUIPMENT
371
9.13
129.2
132.0
130.4
128.11
128.6
128.4
130.0
Motor vehicles & parts
371
5.25
111.81
116.0
114.0
110.21
109.7
109.3
113.0
114.8
119.6
119.1
116.6
117.5
118.5
121.4
1.821
103.5
108.1
104.9
95.51
88.4
90.8
98.5
103.8
112.9
113.0
107.1
106.2
111.5
115.7
Autos, total
91.9
83.71
77.5
79.5
$86.3
91.0
98.9
99.0
93.8
93.0
97.7
101.3
Consumer
1.161
90.7
94.7
.66
126.21
131.8
127.9
116.51
107.8
110.7
120.1
126.6
137.6
137.7
130.6
129.4
135.9
141.0
Business
1.03
147.0
159.8
152.9
153.71
160.9
154.9
159.9
154.5
159.8
157.3
157.4
162.8
158.4
163.3
Trucks and Duses
Business vehicles
.41
126.2
139.1
129.0
144.81
134.0
129.1
140.9
133.5
129.0
131.4
136.7
137.9
132.4
170.8
179.0
175.3
178.4
Consumer trucks
.63
160.5
173.2
168.5
159.51
178.3
171.6
172.2
168.2
178.9
174.1
Truck trailers
3715
.091
142.9
140.8
135.9
126.61
146.8
160.6
149.6
155.0
148.5
153.7
165.7
159.8
165.3
156.0
Botor vehicle parts
3714
2.31
101.3
101.8
102.9
101.71
102.1
101.4
101.9
104.2
106.0
105.5
103.9
104.4
104.4
105.7
168.7
165.8
164.5
165.9
167.6
109.4
167.4
167.2
166.6
Aircraft and parts
3721
2.09
168.5
170.0
170.3
171.51
173.2
Ships and boats
3731
.601
83.61
85.6
85.1
87.71
89.6
89.8
89.7
89.1
89.4
88.9
86.2
86.5
85.2
88.0
Bail & aisc trans eq.374-6,91
1.11
164.51
163.4
161.7
159.91
161.6
163.1
164.9
161.7
159.1
157.0
159.4
159.4
162.9
162.4
.271
15.81
18.1
21.1
17.51
20.1
31.3
37.5
33.4
30.1
27.0
28.6
29.7
30.2
Bailroad equipment
374
38
2.66
143.9
146.7
147.8
145.5
148.2
149.2
149.7
150.5
151.3
153.0
156.4
156.8
158.0
159.1
INSTRUMENTS
Equipment instr.& pts
381-4
1.52
172.0
176.7
178.7
177.4
176.4
179.3
181.1
182.2
181.7
182.7
184.0
185.7
187.4
191.2
MISC. MANUFACTURES
39
1.46
102.5
104.6
104.5
105.61
105.0
104.4
105.1
105.9
106.0
107.6
107.8
108.3
108.5
107.9
105.9
106.0
Misc. cons. goods 391,3,4,61
.841
106.1
104.3
108.71
104.3
105.6
104.3
106.5
104.6
107.1
106.5
106.5
Misc. DUS. supplies
395,9
.621
103.3
105.1
108.0
101.81
102.4
104.2
102.4
105.7
107.2
107.3
108.7
110.7
113.0
112.7
ELECTRIC UTILITIES
491
4.17
126.6
126.8
127.5
125.6
130.3
130.7
129.0
127.6
129.7
132.1
134.6
138.8
131.9
132.4
125.4
123.8
121.2
122.7
126.1
128.7
133.5
125.2
Elec. util. generation
1.761
120.
121.4
119.9
120.01
123.0
Fossil ruel geLeration
1.41
112.8
112.3
112.5
112.01
113.9
118.2
116.1
113.7
114.7
117.6
119.5
125.0
114.3
Hydro & Auclear gener.
.35
149.5
157.6
149.3
152.01
159.5
154.0
154.7
151.1
154.5
159.9
165.7
167.7
169.1
Elec. util. sales
2.41
131.2
130.7
133.1
129.6
135.7
134.5
132.8
132.2
134.9
136.5
138.9
142.6
136.7
140.8
150.0
137.5
Residential elec.
.95
130.0
132.0
130.21
136.4
136.5
136.5
131.1
132.7
Nonresidential elec.
1.46
131.1
133.8
129.21
135.3
133.3
130.4
133.0
136.3
136.3
137.7
137.8
Industrial elec.
.68
109.6
110.5
114.0
110.31
114.0
112.3
109.0
111.6
113.7
115.5
117.5
116.4
113.4
Commercial & other elec.
.781
149.1
151.0
145.7
153.8
151.5
149.1
151.6
150.0
154.5
155.4
156.5
156.3
Note: Seasonally adjusted industry totals are not aggregated from the seasonally adjusted components,
but result from independent seasonal adjustment of the aggregated not seasonally adjusted components.
12
Table 4B-continued
INDUSTRIAL PRODUCTION: INDUSTRY SUBTOTALS AND INDIVIDUAL SERIES
Not seasonally adjusted, 1977 = 100
1977
1987
Series
Pro-
1Ann.
1987
1988
SIC
Ipor-
1Avg.
OCT
NOV
DEC
JAN
FEB
BAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
Code
tion
FABRICATED METAL PRODUCTS 341
6.46
111.0
115.1
114.1
114.5
113.0
117.8
119.0
118.4
119.3
122.6
119.4
122.3
125.5
125.2
Metal containers
3411
.521
91.71
91.8
94.0
86.71
89.5
96.2
97.7
95.4
99.6
102.1
101.6
105.4
105.8
101.6
Hardsare,tools,cutlery
3421
.731
105.7
102.8
103.01
100.1
109.8
110.1
107.8
110.8
114.4
111.7
115.7
118.7
117.3
Structural metal prod.
3441
1.671
109.5
113.7
114.3
114.41
110.0
107.5
108.9
111.0
113.4
117.1
116.8
118.1
120.3
121.0
Pasteners, stamp, etc. 345-7
1.951
116.7
123.4
118.7
120.11
120.0
131.3
133.5
131.6
129.1
133.3
126.7
130.4
134.2
134.1
NOHELECTRICAL MACHINERY
351
9.54
152.7
160.4
155.2
155.51
157.0
162.0
162.7
162.0
167.3
175.0
176.7
182.3
182.8
177.6
Engine & tarm equip.
351,21
1.481
64.3
67.1
69.4
71.2)
71.3
72.7
72.9
73.9
73.2
73.6
72.8
71.7
73.8
74.5
Construct. & allied ey. 3531
1.68
73.91
77.5
76.9
78.8
75.6
78.3
78.0
78.9
81.4
85.0
86.8
86.9
90.8
87.7
151.0
151.5
157.5
161.5
160.3
detalworking machinery
3541
1.241
135.9
140.5
134.2
135.9
138.5
145.4
146.0
144.2
141.8
Spec. & genl. ind. eg. 355,01
2.12)
102.21
106.2
104.9
105.81
106.2
108.4
112.4
110.4
112.3
115.6
114.1
117.0
120.4
118.8
Office, serv, & misc.
357-91
3.02
282.6
298.7
285.0
285.31
287.9
297.0
296.3
295.3
310.5
326.7
332.2
346.1
340.4
326.3
ELECTRICAL MACHINEEY
301
7.15
172.3
181.8
179.0
175.8
176.1
177.2
175.4
176.5
177.1
179.1
176.1
182.2
183.9
189.5
Major elect. ey.¿ pts
361.21
1.271
100.2
96.7
97.11
96.6
100.9
101.7
99.4
101.0
106.8
106.4
109.6
110.5
108.2
Household appliances
3031
.751
134.5
151.8
139.0
114.01
138.3
143.2
130.0
139.4
137.9
127.0
120.9
134.6
133.5
167.9
Cooking equipment
36311
.111
228.8
278.4
261.0
179.2
232.1
218.9
194.0
204.1
219.1
176.0
188.3
211.0
206.9
292.1
Refrigeration appl.
3632
.17
115.0
124.9
112.7
85.5
117.3
135.8
113.5
131.9
130.9
115.0
108.6
101.0
109.7
147.1
Laundry appliances
36331
.121
155.31
171.2
148.7
126.21
158.2
169.4
158.4
169.2
170.6
165.2
142.4
164.6
140.4
194.3
Misc. appliances
3634-6,91
.35
106.8
117.9
109.5
102.8
111.8
113.9
107.9
112.3
104.5
104.1
98.1
116.0
119.2
129.5
TV and radio sets
3651
-441
155.21
204.5
188.5
142.4
136.0
140.3
125.3
144.0
149.4
140.8
151.3
176.2
169.5
199.5
Communication equipment
3001
2.01
220.2
221.3
227.71
223.9
221.4
222.4
220.0
219.0
220.6
217.3
218.2
217.6
215.6
Electronic components
3671
1.31
264.4
208.1
271.6
267.4
266.5
269.7
269.9
273.2
277.0
273.3
283.1
284.0
289.3
TV tubes
3671-31
.131
135.
184.2
103.1
132.2
122.2
124.7
118.5
129.1
145.8
123.4
128.4
177.3
156.8
Misc. electrical supp.
3091
.70
124.9
137.6
132.9
132.61
132.1
123.4
125.0
125.7
125.4
132.5
127.0
131.8
142.7
145.8
Storage battery,repl.
36911
.13]
128.3
175.7
144.0
132.4
147.9
112.4
112.9
108.3
105.8
128.1
127.4
142.3
173.9
174.5
TRANSPORTATION EQUIPMENT
37
9.13
129.21
134.8
131.7
125.21
129.4
132.4
134.3
133.1
136.1
137.9
116.3
123.8
134.0
137.6
Motor vehicles & parts
371
5.251
111.8
120.8
114.6
101.61
109.6
116.3
120.3
119.7
125.3
128.7
93.2
106.2
120.9
127.0
Autos, total
1.821
103.5
117.1
107.1
81.7
89.2
103.7
111.1
112.7
123.1
129.6
68.3
85.1
111.4
125.7
Consumer
1.161
90.7
102.6
93.8
71.6
78.2
90.8
97.3
98.8
107.9
113.5
59.9
74.6
97.6
110.2
135.8
153.3
Business
.66
126.2
142.7
130.5
99.0
108.8
126.4
135.4
137.4
150.1
158.0
83.3
103.8
Trucks and buses
1.03
147.0
167.9
150.8
120.0
158.9
169.0
174.1
163.8
170.4
173.7
115.8
149.0
167.9
173.7
Business vehicles
.41
126.21
145.2
126.0
117.3)
134.0
140.9
155.2
142.7
139.4
146.0
100.6
126.2
140.3
Consumer trucks
.631
160.51
182.6
167.0
131.71
175.0
187.3
186.4
177.4
190.6
191.7
125.7
163.7
185.8
191.1
Truck trailers
3715
.09
142.9
143.7
139.9
133.91
130.4
155.5
153.9
152.0
150.3
159.5
147.1
163.6
176.4
159.2
Motor vehicle parts
3714
2.31
101.31
101.8
103.2
105.0
102.8
101.2
102.2
104.2
105.8
106.6
100.6
101.4
105.2
105.8
Aircraft and parts
372
2.09
168.5
170.7
173.4
175.9
174.1
170.7
166.8
163.8
165.0
166.6
104.0
162.9
167.0
167.4
Ships and boats
3731
.661
83.61
84.7
85.6
88.5
90.0
90.6
91.2
91.5
91.4
89.4
83.6
83.0
83.1
87.0
Bail b aisc trans eq.374-6,91
1.11
164.5
163.0
161.8
103.21
162.7
161.0
165.3
163.4
159.3
156.7
154.3
158.0
164.2
162.5
Railroad e,uipment
374
.27
15.8
20.4
20.7
20.71
19.0
20.0
31.2
32.0
29.0
26.3
28.3
32.1
40.5
158.5
161.0
162.7
160.3
INSTRUMENTS
38
2.66
143.9
148.9
147.2
144.7
144.6
146.6
148.1
147.9
148.8
155.8
Equipment iLstr.8 pts
381-41
1.52
172.0
178.0
175.3
171.8
169.6
174.5
177.9
177.1
179.0
187.4
190.4
194.4
198.7
192.8
MISC. MANUFACTURES
39
1.46
102.5
108.8
102.8
99.5
97.8
105.2
103.7
104.0
104.2
109.8
107.1
113.9
116.5
112.0
Bisc. cons. goods 391,3,4,61
.84
101.9
111.1
100.6
101.11
98.3
103.8
104.3
104.7
104.4
110.8
105.1
112.0
114.2
111.0
Misc. bus. supplies
395,91
.62
103.3
105.6
105.9
97.21
97.1
107.0
102.8
103.2
103.9
108.5
109.9
116.5
119.7
113.3
ELECTRIC UTILITIES
491
4.17
126.6
117.0
119.7
124.9
139.1
137.3
123.0
117.6
117.3
135.0
140.0
152.9
137.1
122.0
Elec. util. generation
1.76
120.1
111.8
113.9
121.11
130.5
127.4
117.3
111.0
114.2
132.1
141.7
147.6
125.0
Fossil fuel generation
1.41)
112.8
105.7
107.4
112.01
120.1
118.2
107.1
100.5
104.1
124.5
135.4
143.6
115.8
Hydro & nuclear gener.
.35
149.5
136.0
140.2
157.61
172.1
164.1
158.5
152.8
154.7
162.5
100.8
163.6
161.5
Elec. util. sales
2.41
131.2
120.8
123.9
127.61
145.3
144.5
127.2
122.4
119.6
137.2
149.1
156.8
Residential elec.
.95
132.81
111.7
113.7
134.21
164.2
157.4
131.5
116.4
105.6
129.3
156.6
172.2
146.9
Nonresidential elec.
1.46
130.2
126.8
130.5
123.41
133.0
136.1
124.4
126.4
128.8
142.3
144.2
146.7
Industrial elec.
.68
109.6
109.2
114.8
105.21
108.8
114.3
107.0
110.1
112.7
119.2
116.5
120.0
118.1
Consercial & other elec.
.78)
148.1
142.1
144.2
139.31
154.1
155.0
139.5
140.5
142.8
162.4
168.4
170.0
169.3
Note: Seasonally adjusted industry totals are not aggregated from the seasonally adjusted components,
but result from independent seasonal adjustment of the aggregated not seasonally adjusted components.
13
Table 5
INDUSTRIAL PRODUCTION: INDEXES; 1977 = 100
Quarterly averages, seasonally adjusted
Quarterly Averages
of Monthly Indexes
1986
1987
1988
SERIES
02
Q3
04
01
02
03
04
01
Q2
03
Industrial production
124.4
124.8
125.91
126.9
128.2
131.0
133.21
134.5
136.0
138.4
133.3
134.51
135.6
136.8
139.6
141.11
143.2
144.8
147.11
Products, total
132.5
Final products
131.6
132.4
133.31
134.4
135.4
138.0
139.51
141.5
143.3
145.61
Consumer yoods
123.8
124.4
125.41
126.2
126.7
128.7
129.41
131.2
132.5
134.71
Durable consumer goods
114.3
116.5
117.91
119.9
118.1
120.1
122.8
120.9
124.7
125.8
120.41
119.0
125.4
125.01
Automotive products
115.1
116.9
115.31
120.3
116.2
116.6
Home goods
113.6
116.2
119.91
119.5
119.5
122.7
124.71
122.4
124.2
126.4
#ondurable consumer goods
127.3
127.3
128.21
128.6
129.9
131.9
131.9
135.1
135.4
138.0
142.1
143.0
143.7
145.3
146.9
150.4
152.81
155.2
157.6
160.0
Equipment, total
Business & defense equipment
146.9
148.4
148.71
150.4
152.1
154.7
157.21
160.1
162.5
165.11
Business equipment
138.4
139.4
139.21
140.7
142.6
145.8
148.91
152.3
156.5
160.11
Defense and space equipment
180.2
183.6
185.8
188.3
189.0
189.2
189.31
190.5
186.0
184.8
Intermediate products
135.5
136.8
138.5
139.9
141.8
145.1
146.61
149.2
150.0
152.31
Construction supplies
125.5
126.9
127.7
130.2
129.6
132.6
133.8
137.3
138.0
138.41
Business supplies
143.9
145.1
147.71
148.1
152.2
155.7
157.61
159.3
160.2
164.21
Commercial energy products
128.7
127.4
129.61
127.7
130.9
133.6
133.11
135.2
130.6
137.21
Materials
113.3
113.0
114.3
115.0
116.5
119.2
122.5)
122.5
124.0
126.5
Durable goods materials
119.4
119.0
120.71
121.4
122.9
125.7
130.31
131.5
134.1
137.11
Basic metal materials
79.1
77.5
80.21
79.4
81.8
89.4
97.31
91.6
93.4
98.71
Nondurable goods materials
116.5
118.3
120.31
121.2
124.0
128.2
130.11
129.4
130.4
132.91
Textile, paper, & chen materials
116.7
118.9
120.91
122.3
125.1
130.5
133.01
131.6
132.4
135.31
Textile materials
103.6
105.9
106.21
106.1
111.4
116.8
113.11
111.8
109.0
109.01
Pulp and paper materials
131.0
134.1
137.01
136.4
137.7
144.6
145.11
145.7
145.9
148.91
139.61
Chemical materials
116.1
118.1
120.31
122.9
125.3
130.2
135.5
133.5
135.7
Energy materials
99.7
98.1
97.8
98.3
98.7
100.0
102.11
100.9
100.6
102.41
Manufacturing
128.5
129.2
130.4
131.6
133.2
135.7
138.1
139.6
141.5
144.0
Durable
127.7
128.2
129.1
130.5
131.4
133.7
136.91
138.4
141.0
143.31
Mondurable
129.6
130.7
132.11
133.1
135.7
138.6
139.71
141.4
142.3
145.0
Mining and Utilities
102.8
100.8
101.51
102.3
102.5
104.9
107.3
107.1
100.7
108.11
Eining
100.3
96.8
96.91
98.8
99.0
100.7
104.31
102.5
103.4
103.9
111.9
115.0
Utilities
107.0
107.3
109.1
108.1
108.3
111.8
112.31
114.7
Table 6
INDUSTRIAL PRODUCTION: GROSS VALUE OF PRODUCTS
Billions of 1982 dollars at annual rates, seasonally adjusted
Billions of 1982 Dollars at Annual Rates
1987
Quarters
Months
1982
Ann.
1987
1988
1988
SERIES
Dollars
Avg.
#2
Q3
04
01
02
03
JUN
JUL
AUG
SEP
OCT
NOV
1829.1
1855.1
1857.6
Products, total
1376.8
1736.4
1717.8
1736.7
1775.
1798.5
1815.4
1826.71
1813.9
1822.3
1828.6
Final products
1084.51
1333.91
1320.4
1330.6
1360.1
1380.8
1395.1
1402.41
1394.3
1398.9
1404.2
1404.2
1425.3
1426.3
866.1
862.2
879.21
893.5
897.2
897.6
893.6
895.6
900.4
896.9
915.8
916.1
Consumer yoods
703.71
858.3
Durable consumer goods
133.31
208.21
203.8
206.4
212.51
209.2
218.1
218.9
219.4
217.6
218.9
220.4
225.4
225.9
Automotive products
65.91
113.01
110.0
110.5
115.01
113.4
120.8
120.21
122.3
118.8
120.0
121.6
124.3
125.6
97.1
98.7
98.9
98.7
101.1
100.4
Home yoods
67.41
95.21
93.8
95.9
97.61
95.7
97.4
98.81
Nondurable consumer goods
570.41
657.9
654.6
655.7
666.71
684.4
679.0
678.7
674.2
678.0
681.5
676.5
690.4
690.1
Equipment, total
380.81
467.81
462.1
468.5
480.91
487.3
497.9
504.8
500.7
503.2
503.8
507.3
509.5
510.2
Business & defense equipment
345.41
449.21
445.3
448.2
460.31
468.1
478.3
$85.21
480.9
483.7
484.2
487.8
490.4
492.0
278.0
352.11
348.3
351.4
362.71
370.2
382.7
390.7
386.0
388.9
389.9
393.2
395.4
396.7
Business equipment
97.9
95.5
94.6
94.9
94.7
94.3
94.6
95.0
95.4
Detense and space equipment
67.41
97.11
97.0
96.8
97.61
Istermediate products
292.21
402.51
397.4
406.1
415.01
417.7
420.3
424.2
419.6
423.4
424.3
424.9
429.8
431.3
Construction supplies
108.31
159.71
157.2
161.2
162.71
166.2
167.1
168.01
166.8
168.6
167.4
168.0
169.4
170.8
257.0
256.9
260.4
Business supplies
183.91
242.81
240.2
244.9
252.41
251.5
253.2
256.2]
252.9
254.8
Commercial energy products
63.41
78.0
77.2
78.6
82.71
79.1
80.9
79.7
80.4
79.8
80.3
78.9
14
Table 7
INDUSTRIAL PRODUCTION: DIFFUSION INDEXES
Percent of component series higher than in earlier months
THREE HONTHS
SIX MONTHS
ONE MONTH
EARLIER
EARLIER
EARLIER
1977-87
56.3
58.4
AVERAGE
53.5
70.6
79.4
88.3
HIGH
26.4
23.2
23.0
LOW
1986
54.8
48.0
ОСТОБЕН
58.7
55.0
56.5
NOVEMBER
58.1
58.1
65.3
64.3
DECEMBER
1987
43.8
56.9
55.8
JANUARY
58.5
61.7
FEBRUARY
60.9
MARCH
49.4
56.2
69.2
49.6
59.5
63.7
APRIL
58.1
63.9
MAY
59.5
51.4
57.7
56.9
JUNE
64.7
67.7
66.1
JULY
64.9
65.9
AUGUST
52.8
61.5
64.3
SEPTEMBER
45.6
59.5
56.2
73.4
OCTOBER
58.9
63.1
71.4
NOVEMBER
54.2
69.4
72.4
DECEMBER
1988
57.3
68.3
67.1
JANUARY
48.8
54.6
62.7
FEBRUARY
60.3
71.8
SARCH
54.4
54.6
56.9
63.9
APRIL
55.6
60.1
60.5
MAY
59.9
57.9
JUNE
56.0
66.7
69.6
JULY
65.9
55.6
67.5
69.2
AUGUST
51.0
62.5
65.5
SEPTEMBER
59.3
60.3
71.6
OCTOBER
THE DIFFUSION INDEXES SHOW THE PERCENT OF THE INDUSTRIAL PRODUCTION INDEX'S 252 SEASONALLY ADJUSTED COMPONENT SERIES
NOTE: IN THE MONTH INDICATED WERE HIGHER THAN THEY WERE ONE BONTH EARLIER, THREE MONTHS EARLIER, AND SIX NONTHS EARLIER. IN
CALCULATING THAT THE DIFFUSION INDEXES HALF OF THE UNCHANGED COMPONENTS ARE COUNTED AS BEING HIGHER AND NO ALLOWANCE IS MADE FOR THE
RELATIVE IMPORTANCE OF THE INDIVIDUAL COMPONENTS 1 # TOTAL INDUSTRIAL PRODUCTION. DIFFUSION INDEXES BASED ON CHANGES OVER A
SIX-MONTH PERIOD GENERALLY SHOW MORE PROBOUNCED CYCLICAL PATTERNS THAN DIFFUSION INDEXES BASED OR CHANGES OVER SHORTER PERIODS.
Table 8
AUTO ASSEMBLIES AT ANNUAL RATES
Seasonally adjusted
1987
Millions of Units
Ann.
Avg.
1987
1988
JAN
FEB
HAB
APR
HAY
JOB
JUL
AUG
SEP
OCT
NOV
NOV
DEC
7.1
7.1
6.5
6.0
6.1
6.6
7.0
7.5
7.5
7.1
7.1
7.4
7.7
7.6
Autos, total
15
Table 9A
ELECTRIC POWER USE BY INDUSTRIES
Seasonally adjusted indexes, 1977 = 100
Indexes
Percentage change from
Indexes
year
previous quarter
ago
1977
SIC
(bil.
1987
1987
1988
1987
1988
1987
1988
Series
code
KEEL
All
03
04
01
02
03
04
01
02
03
03
SBP
OCT
TOTAL
10-14,20-39
785.8
103.3
105.2
106.5
106.5
105.9
109.21
1.2
.0
-0.6
3.1
3.81
109.1
109.7
NAJOR INDUSTRY DIVISIONS
59.4
112.3
115.4
121.5
116.4
114.2
118.9
5.3
-4.1
-1.8
4.11
3.11
118.4
119.5
MINING
10-14/
MANUFACTURING
20-391
726.4
102.71
104.5
105.41
105.9
105.3
108.51
.9
.4
-0.6
3.11
3.91
108.5
109.0
24,25,32-391
344.31
100.21
101.1
105.21
106.1
100.4
109.11
4.0
.9
.3
2.61
8.01
109.2
110.8
DURABLE
NONDURABLE
20-23,26-311
382.11
105.01
107.4
105.51
105.4
104.8
107.9
-1.8
-0.1
-0.6
3.01
.41
108.1
107.3
INDUSTRY_GEOUPS AND SERIES
101
15.1
102.21
112.8
126.51
110.7
106.2
124.21
12.2
-12.5
-4.0
16.91
10.1
126.8
128.2
METAL MINING
Iron ore
1011
0.11
98.11
110.6
138.91
108.6
97.4
122.81
25.6
-21.8
-10.3
26.01
11.01
126.5
131.6
Copper ore
102
5.91
124.6
136.3
135.4
133.0
137.6
142.41
-0.7
-1.8
3.5
3.51
4.41
143.8
146.5
COAL
11,121
10.31
134.5
134.7
144.1
134.7
130.2
132.31
7.0
-6.5
-3.4
1.61
-1.81
134.2
140.6
OIL AND GAS EXTRACTION
131
23.01
116.11
116.8
118.31
118.8
117.5
116.31
1.2
.4
-1.1
-1.11
-0.51
114.7
114.1
Crude oil and natural yas
1311
18.21
118.7
119.8
120.6
119.8
119.6
118.41
.7
-0.6
-0.2
-1.01
-1.21
116.7
116.1
Natural gas liquids
1321
3.41
95.81
92.7
101.91
108.1
100.4
95.51
9.9
6.1
-7.2
-4.91
3.01
94.9
97.2
STONE AND EARTH MINERALS
141
11.01
95.7
99.5
98.0
99.2
101.9
105.91
-1.5
1.2
2.7
3.91
6.51
100.0
100.0
Crushed stone
1421
2.41
139.71
141.3
145.81
140.3
150.6
150.01
3.2
-3.8
7.3
-0.41
6.21
149.2
145.6
Sand and gravel
1441
2.01
100.8
104.2
101.61
100.3
105.7
103.81
-2.5
-1.3
5.4
-1.81
-0.41
103.8
103.0
Chemical & fertilizer mat.
1471
5.01
73.2)
77.6
74.01
77.9
78.1
83.41
-4.6
5.2
.3
6.81
7.51
73.5
75.7
FOODS
201
42.41
125.1
127.0
126.8
128.4
129.4
131.41
-0.1
1.3
.7
1.61
3.51
130.5
132.0
Meat products
2011
0.91
119.6
121.6
123.1)
123.4
126.3
126.31
1.2
.3
2.3
.01
3.8
126.0
126.9
Dairy products
2021
5.31
126.01
127.4
128.41
133.7
133.9
134.71
.8
4.1
.2
.61
5.71
133.1
131.6
Canned and frozen foods
2031
5.71
143.6
147.6
144.31
143.8
145.9
153.51
-2.3
-0.3
1.5
5.21
4.01
152.5
145.6
Grain sill products
2041
7.41
109.6
109.2
112.9)
115.3
115.9
114.4)
3.3
2.1
.0
-1.41
4.71
114.7
115.5
Bakery products
2051
2.51
141.4
140.9
140.71
143.2
140.3
143.71
-0.1
1.8
-2.0
2.41
2.0
144.5
147.3
Sugar and confectioner)
2061
3.31
185.51
190.8
192.01
194.3
187.7
190.11
.6
1.2
-3.4
1.31
-0.41
191.6
197.5
Fats and oils
2071
3.41
94.21
89.8
95.5
98.7
97.2
96.01
6.4
3.4
-1.5
-1.31
6.91
93.7
98.5
132.51
-2.1
.2
-0.2
2.91
.71
131.8
136.3
Beverages
2081
4.81
128.01
131.6
128.91
129.2
128.9
Misc. food preparations
2091
3.11
118.3
121.2
117.7)
117.1
119.9
123.9
-2.9
-0.5
2.4
3.3
2.21
124.8
117.1
TOBACCO PRODUCTS
211
1.31
109.0
113.1
110.0
110.7
100.8
111.3
-2.8
.6
-8.9
10.41
-1.6
107.0
103.4
TEXTILE MILL PRODUCTS
221
28.31
104.6
107.0
103.0
109.6
105.3
107.11
-3.7
6:4
-3.9
1.01
.11
105.8
101.9
100.6
95.5
94.81
-4.2
7.6
-5.1
-0.71
-2.8
93.7
88.7
Fabrics
221-41
12.11
95.4
97.5
93.51
Knit goods
2251
3.71
87.4
88.0
88.51
92.0
90.9
91.81
.6
3.9
-1.2
.91
4.31
92.3
93.4
Fabric finishing
2201
2.21
132.21
134.3
132.71
132.8
135.8
134.71
-1.2
.1
2.2
-0.81
.31
129.3
139.4
Yarn and thread
2281
0.71
121.4
125.0
119.1
126.5
120.1
127.0
-4.8
6.2
-5.0
5.71
1.51
124.4
118.1
Miscellaneous textiles
2291
2.11
106.7
108.4
105.7
109.5
108.7
109.4
-2.5
3.6
-0.8
.71
.91
107.3
106.8
APPAREL PRODUCTS
231
6.61
133.7
135.3
131.7
134.2
134.1
135.7
-2.7
1.9
-0.1
1.21
.31
134.9
133.9
Men's outerwear
231,21
2.11
143.1
145.7
145.21
148.8
150.8
149.31
-0.3
2.5
1.3
-1.01
2.51
153.7
150.2
Women's outerwear
2331
1.91
114.6
115.6
111.11
113.3
105.9
106.61
-3.9
2.0
-6.5
.71
-7.71
101.2
104.5
LUMBER AND PRODUCTS
241
16.41
137.7)
140.8
139.21
142.5
143.7
143.71
-1.1
2.4
.8
.01
2.0
143.1
141.0
Lumber
2421
0.91
113.0
115.6
114.21
117.0
114.6
113.5
-1.2
2.4
-2.0
-1.01
-1.81
111.9
112.3
Billwork and plywood
2431
4.41
149.9
152.4
152.1
153.2
151.4
153.81
-0.2
.7
-1.1
1.61
.91
152.7
149.8
FUENITURE AND FIXTURES
25
4.21
140.3
143.4
143.3
143.8
144.0
148.21
-0.1
.3
.1
2.91
3.31
147.2
144.8
Home furniture
2511
2.81
126.51
129.0
127.51
127.8
128.0
129.31
-1.2
.3
.1
1.01
.21
129.2
128.4
PAPER AND PLODUCTS
261
71.91
124.3
124.7
125.6
129.3
127.9
129.4
.7
2.9
-1.1
1.11
3.71
128.8
128.9
Food pulp
2611
5.91
128.71
124.8
117.41
134.1
133.4
140.81
-5.9
14.2
-U.6
5.61
12.81
144.5
143.7
135.6
Paper
2621
34.41
133.9
135.3
130.61
139.9
135.8
137.81
1.0
2.4
-3.0
1.51
1.8)
137.4
Paperboard
2631
22.11
102.2
102.9
105.31
101.0
104.3
110.8
2.3
-4.1
3.3
6.21
7.71
113.0
108.7
118.8
119.0
Converted paper
2641
5.01
114.2
111.9
117.0
117.6
121.2
120.01
4.6
.5
3.0
-0.91
7.21
Paperboard containers
2651
3.41
126.61
128.7
126.21
132.4
132.1
135.71
-1.9
4.9
-0.2
2.71
5.51
140.1
131.6
4.71
170.1
174.3
Building paper and board
2661
1.11
162.3
166.4
166.5
169.2
167.0
174.21
.1
1.6
-1.3
4.41
PRINTING AND PUBLISHING
27
10.61
161.5
163.7
164.01
168.6
170.0
172.5
.2
2.8
.8
1.5)
5.4
172.3
174.4
1.11
3.6
136.9
142.7
Newspapers
271
2.61
134.4
136.5
136.1
141.3
139.8
141.41
-0.3
3.8
-1.1
Commercial Printing
275
4.81
189.1
190.7
196.51
200.8
202.8
203.61
3.0
2.2
1.0
.41
6.8
202.9
207.6
CHEMICALS AND PRODUCTS
28
162.1
86.6
89.5
86.71
83.8
84.0
89.21
-3.1
-3.3
.3
6.11
-0.41
89.6
88.5
Basic chemicals
2811
85.61
71.81
75.6
71.21
65.4
66.5
71.71
-5.8
-8.2
1.7
7.81
-5.1
72.9
71.7
Alkalies and chlorine
2812
13.31
100.41
103.5
104.9
104.9
95.7
103.0
1.3
.0
-B.7
7.61
-0.51
107.5
104.3
Inorganic chemicals,nec
28191
58.11
49.71
54.2
47.91
39.5
43.1
46.71
-11.6
-17.6
9.2
8.41
-13.81
47.6
47.2
Acid and fertilizer mat.
13.01
70.61
71.1
70.71
68.9
66.9
70.01
-0.6
-2.5
-2.8
4.61
-1.61
71.2
72.0
Nuclear mats., nondefense
44.61
41.0
46.8
38.01
27.7
33.3
36.61
-18.7
-27.2
20.1
10.21
-21.71
37.6
37.1
Symthetic materials
2821
19.31
124.0
123.9
125.7
131.2
130.8
131.6
1.4
4.4
-0.2
.61
6.21
131.7
132.5
Plastics materials
28211
9.21
153.51
149.8
150.01
163.1
163.3
164.51
.5
8.3
.2
.71
9.8
163.5
164.9
Drugs
2831
4.11
157.11
161.2
154.81
163.3
160.2
175.21
-4.0
5.4
1.8
5.41
8.7
170.7
165.5
Soaps and toiletries
2841
2.11
128.7
133.2
129.01
130.6
138.8
147.31
-3.2
1.2
0.3
6.11
10.6)
141.4
145.3
Industrial organic chea.
2861
35.81
97.91
97.8
97.21
97.4
95.5
97.51
-0.7
.2
-1.9
2.01
-0.31
97.5
98.9
Fara chemicals
2871
10.51
85.51
80.7
88.81
92.7
86.6
87.91
10.1
4.4
-6.6
1.51
9.0
88.3
90.2
16
Table 9B
ELECTRIC POWER USE BY INDUSTRIES
Not seasonally adjusted, 1977 = 100
Indexes
Percentage Change from
Indexes
year
previous quarter
ago
1977
SIC
(bil.
1987
1987
1988
1987
1988
1987
1988
Series
codel
KWHL
Avg,
22
04
01
02
03
04
01
02
us
03
SEP
OCT
TOTAL
10-14,20-39
785.8
103.3
100.9
105.0
104.6
107.3
111.0
-1.8
-0.4
2.6
3.41
3.8
112.0
110.4
NAJOB INDUSTRY DIVISIONS
MINING
10-14
59.4
112.3
111.8
118.0
120.5
116.8
115.21
5.5
2.2
-3.1
-1.41
3.0
116.2
116.8
HANUFACTURING
20-391
720.4
102.7
100.0
104.21
103.5
106.7
110.71
-2.3
-0.0
3.0
3.81
3.91
111.7
110.0
DURABLE
24,25,32-391
344.31
100.21
102.4
103.6
105.1
107.6
110.6
1.2
1.4
2.4
2.81
8.01
111.5
111.2
NONDURABLE
20-23,20-31
382.1
105.0
110.5
104.7
102.2
105.9
110.91
-5.2
-2.4
3.7
4.71
.41
111.9
108.9
INDUSTRY GROUPS AND SERIES
METAL MINING
101
15.11
102.2
107.8
113.1
114.9
117.4
118.7
4.9
1.6
2.1
1.11
10.1
119.2
120.8
Iron ore
1011
6.1
98.11
105.6
113.1
113.9
113.3
117.3
7.1
.7
-0.5
3.51
11.1
117.8
119.7
Copper ore
1021
5.9
124.6
132.2
132.11
134.5
142.7
138.11
-0.1
1.8
0.1
-3.31
4.4
137.7
137.8
COAL
11,12
10.3
134.5
118.8
140.5
154.4
129.1
116.6
18.3
9.9
-16.4
-9.71
-1.8
124.6
130.6
OIL AND GAS EXTRACTION
131
23.01
116.1
117.5
118.0
118.9
110.4
116.91
.9
.3
-2.1
.41
-0.51
115.8
113.1
Crude oil and natural gas
131
18.21
118.7
119.9
121.31
120.9
117.7
118.51
1.1
-0.3
-2.7
.71
-1.21
117.3
114.7
Natural yas liquids
1321
3.41
95.8
97.5
98.8
102.7
103.3
100.41
1.3
4.0
.5
-2.81
3.0
100.3
97.9
STONE AND EARTH MINERALS
141
11.01
95.7
98.5
99.9
96.1
103.9
104.81
1.4
-3.8
8.1
.91
6.4
103.5
104.0
Crushed stone
1421
2.41
139.7
147.4
149.8
127.3
154.0
156.41
1.6
-15.0
20.9
1.61
6.21
156.6
156.0
Sand and gravel
7441
2.01
100.8
111.0
108.6
86.2
106.4
110.61
-2.1
-20.7
23.5
4.01
-0.31
110.4
112.9
Chemical & fertilizer mat.
1471
5.01
73.21
73.7
74.8
79.5
79.1
79.01
1.5
6.4
-0.6
-0.11
7.3
76.2
76.2
FOODS
20
42.41
125.1
137.0
127.9
120.6
125.9
141.7
-6.6
-5.7
4.4
12.6!
3.5
143.7
138.2
Meat products
2011
6.91
119.6
133.5
123.11
114.5
123.0
138.01
-7.8
-7.0
7.4
12.71
3.81
138.6
132.3
Dairy products
2021
5.31
128.01
140.7
124.3
123.1
134.8
148.8
-11.7
-1.0
9.5
10.41
5.71
145.6
132.6
Canned aLu frozet foods
2031
5.71
143.61
163.2
146.01
133.0
139.0
169.81
-10.2
-9.3
4.6
22.21
4.11
181.5
166.1
Grain mill products
2041
7.41
109.6
112.1
115.5
113.6
111.8
117.41
3.0
-1.6
-1.6
5.01
4.71
119.0
120.0
Bakery products
2051
2.51
141.4
155.9
138.6
131.8
138.6
159.0
-11.1
-4.9
5.2
14.71
2.0
160.8
151.7
Sugar and confectionery
2061
3.31
185.51
187.5
216.71
190.7
169.3
186.91
15.6
-12.0
-11.2
10.41
-0.3
194.6
210.0
Fats and oils
2071
3.41
94.2
88.5
100.1
99.7
92.8
94.61
13.1
-0.4
-6.9
1.91
6.91
95.4
102.8
Beverages
2081
4.61
128.0
146.8
125.9
117.8
128.2
147.81
-14.2
-6.5
8.9
15.31
.71
147.0
139.0
Misc. food preparations
2091
3.11
118.3
130.3
118.6
109.5
117.6
133.21
-8.9
-7.7
7.4
13.31
2.2
134.5
124.0
TOBACCO PRODUCTS
21)
1.3
109.0
119.4
114.2
103.2
97.7
117.71
-4.3
-y.6
-5.4
20.51
-1.4
120.0
117.6
TEXTILE MILL PRODUCTS
221
28.31
104.6
113.6
104.1
98.6
106.2
113.71
-8.3
-5.3
9.7
5.11
.11
116.6
110.2
Fabrics
221-41
12.11
95.4
103.8
94.71
90.2
98.0
101.0
-8.8
-4.7
8.7
3.11
-2.71
103.0
96.9
Knit goods
2251
3.7)
87.41
97.8
86.11
81.6
93.5
101.8
-12.0
-5.2
14.6
8.91
4.01
105.4
97.8
Fabric finishing
2261
2.21
132.2
137.7
135.01
126.2
136.6
138.11
-1.9
-6.5
8.2
1.11
.31
141.1
145.7
Yarn and thread
2281
6.71
121.4
132.2
120.91
112.5
124.2
134.4
-8.6
-6.9
10.4
8.21
1.61
137.8
128.7
Miscellaneous textiles
229
2.11
106.7
113.4
104.51
103.1
110.9
114.7
-7.9
-1.3
7.5
3.5
1.21
118.2
112.7
APPAREL PRODUCTS
231
0.01
133.7
155.6
127.2
122.1
130.5
155.9
-18.2
-4.0
6.9
19.51
.21
159.4
141.6
Men's outerwear
231,21
2.11
143.1
170.6
139.6
130.9
148.9
174.91
-18.2
-6.2
13.7
17.41
2.5
184.9
158.4
Women's outerwear
2331
1.91
114.6
136.1
106.6
101.0
102.7
125.4
-21.7
-5.2
1.6
22.21
-7.8
122.4
109.8
LUMBER AND PRODUCTS
241
16.41
137.7
137.2
139.3
145.7
144.0
140.00
1.5
4.6
-1.2
-2.81
2.0
142.2
140.6
Lumber
2421
6.91
113.0
111.7
114.7
119.6
115.5
109.6
2.7
4.2
-3.4
-5.11
-1.8
110.9
111.5
Millwork and plywood
243
4.41
149.9
148.7
150.71
156.2
153.2
150.00
1.3
3.7
-1.9
-2.11
.91
153.6
147.7
FURNITURE AND FIATURES
251
4.21
140.3
144.5
143.81
144.1
141.9
149.41
-0.4
.2
-1.5
5.31
3.41
154.6
149.3
Home furniture
251
2.81
126.51
127.8
128.51
129.1
126.7
128.31
.5
.4
-1.8
1.21
.31
134.7
131.4
PAPER AND PRODUCTS
261
71.9
124.3
125.9
125.21
127.7
128.6
130.61
-0.6
2.0
.7
1.51
3.71
130.7
131.1
Wood pulp
2611
5.91
128.71
124.7
119.61
130.4
134.3
140.61
-4.1
9.0
3.0
4.71
12.81
145.2
142.4
Paper
2021
34.41
133.91
135.2
135.5
139.4
137.4
137.61
.2
2.9
-1.4
.11
1.8
137.2
138.5
Paperboard
2631
22.11
102.21
102.3
103.91
101.7
105.6
110.21
1.6
-2.1
3.8
4.31
7.7
112.0
107.1
Converted paper
264
5.0
114.2
115.5
116.4
113.7
122.0
123.91
.8
-2.3
7.3
1.61
7.3
124.6
121.6
Paperboard containers
2651
3.41
126.61
132.5
125.71
129.2
131.5
140.01
-5.2
2.8
1.8
6.41
5.6
140.7
136.4
Building paper and board
2661
1.1
162.31
166.1
165.5
168.5
168.3
174.01
-0.4
1.8
-0.1
3.41
4.7
172.1
175.2
PRINTING AND PUBLISHING
27
10.61
161.51
184.5
161.5
154.3
165.3
194.5)
-12.5
-4.5
7.1
17.61
5.4
193.9
181.9
Newspapers
2711
2.61
134.4)
152.0
133.51
128.8
138.2
158.11
-12.5
-3.5
7.3
14.41
3.61
154.5
145.8
Consercial Printing
275
4.81
189.11
215.4
194.81
184.1
195.0
230.01
-9.6
-5.5
5.9
18.01
6.81
229.5
218.7
CHEMICALS AND PRODUCTS
281
162.11
86.61
90.0
84.81
82.5
86.6
89.7)
-5.8
-2.7
5.0
3.5
-0.41
89.9
88.1
Basic chemicals
2811
85.61
71.81
75.4
69.31
64.0
69.0
71.51
-8.0
-6.8
6.8
3.01
-5.1
71.5
70.5
Alkalies and chlorine
28121
13.31
100.41
103.6
101.61
102.4
100.7
103.11
-1.9
.8
-1.7
2.41
-0.51
107.0
101.2
Inorganic chemicals,nec
28191
58.11
49.71
53.4
46.01
39.5
45.2
46.11
-14.0
-14.0
14.3
2.11
-13.71
45.3
46.0
Acid and fertilizer mat.
13.0
70.61
71.1
69.91
68.3
68.3
70.01
-1.7
-2.3
.0
2.51
-1.5
69.0
71.6
Nuclear mats., mondefeuse
44.61
41.01
46.1
36.01
27.5
35.5
36.11
-21.9
-23.4
29.0
1.7
-21.51
35.4
35.4
Synthetic materials
282
19.3
124.01
128.6
123.5
125.8
133.5
136.6
-4.0
1.9
6.1
2.31
6.21
138.2
133.3
Plastics materials
28211
9.21
153.51
154.2
147.41
158.6
166.3
169.31
-4.4
7.6
4.8
1.81
9.81
170.5
165.9
Drugs
2831
4.11
157.11
178.4
151.4
149.5
165.9
193.91
-15.2
-1.2
11.0
16.91
8.61
190.4
172.3
Soaps and toiletries
284
2.11
128.71
140.2
128.3)
127.5
135.6
155.01
-8.5
-0.6
6.3
14.41
10.61
153.1
149.2
Industrial organic ches.
2861
35.81
97.91
95.5
96.0
98.9
97.5
95.21
.5
3.0
-1.4
-2.31
-0.31
95.3
98.0
Para chemicals
287)
10.51
85.51
81.4
88.61
90.0
88.7
88.71
8.9
1.6
-1.4
.01
9.0
91.2
91.1
17
Table 9A-continued
ELECTRIC POWER USE BY INDUSTRIES
Seasonally adjusted indexes, 1977 = 100
Indexes
Percentage change from
Indexes
year
previous quarter
ago
1977
SIC
(bil.
1987
1987
1988
1987
1988
1987
1988
Series
code
KWHL
Avg.
23
04
01
02
03
04
01
02
03
03
SEP
OCT
PETROLEUM PRODUCTS
291
34.7
121.3
123.6
122.8
123.1
119.3
116.5
-0.7
.3
-3.1
-2.41
-5.8
118.3
117.4
1.21
3.1
149.1
149.3
RUBBER & PLASTICS PRODUCTS
301
23.11
143.0
146.1
147.31
147.9
146.7
150.61
.9
.4
.6
Tires
3011
5.41
75.5
77.1
76.31
77.4
79.7
81.31
-1.0
1.5
2.9
2.11
5.51
80.4
78.6
Rubber products, Lec
3061
2.21
103.0
104.9
106.31
105.9
106.6
111.01
1.4
-0.4
.7
4.11
5.81
111.8
108.5
198.3
198.2
196.9
197.81
1.3
.0
-0.7
.51
1.01
195.8
197.4
Plastics products, nec
307
14.21
192.1
195.8
LEATHER AND PRODUCTS
311
1.41
98.5
102.1
99.71
96.4
97.7
101.7
-2.3
-3.3
1.3
4.21
-0.31
102.7
99.8
Shoes
3141
.71
88.4
92.5
90.61
88.0
90.8
92.21
-2.0
-3.0
3.2
1.51
-0.31
93.0
89.9
CLAY. GLASS, AND STONE
321
31.41
106.5
105.8
107.21
109.5
100.4
108.11
1.3
2.2
-1.0
-0.31
2.2
107.8
108.2
145.4
145.5
Flat glass
3211
1.31
121.61
124.7
130.21
137.7
142.7
146.71
4.4
5.8
3.7
2.81
17.61
Pressed and blown glass
3221
6.81
104.0
103.6
101.41
102.2
102.7
104.31
-2.1
.8
.5
1.51
.61
104.6
102.3
Cement
3241
10.21
97.71
90.2
98.31
97.2
90.9
93.11
2.2
-1.1
-0.3
-4.01
-3.21
93.0
95.7
118.2
118.11
1.1
3.7
-2.3
-0.11
2.41
118.7
115.1
Structural clay products
3251
1.51
114.6
115.3
116.6
120.9
Concrete products
3271
3.01
108.6
107.7
111.61
113.6
109.7
111.9
3.6
1.8
-3.4
2.0
3.91
112.4
112.6
PRIMARY METALS
33
171.31
79.5
80.8
86.91
87.4
87.5
91.51
7.6
.5
.1
4.61
13.31
92.9
94.4
Basic steel and aill prod.
3311
65.71
70.61
72.4
78.21
79.0
77.1
83.71
8.0
1.0
-2.4
8.6
15.61
85.8
86.9
Iron and steel foundries
3321
12.01
73.5
72.8
77.51
78.6
77.8
80.11
6.5
1.4
-1.0
2.9
10.11
79.8
81.0
Primary nouferrous metals
3331
78.11
98.5
100.4
103.61
105.9
102.1
107.6
3.2
2.2
-3.5
5.3
7.1
104.3
117.2
Aluminum
3334)
70.31
80.61
81.1
88.21
88.3
89.4
90.01
8.7
.1
1.3
.61
10.91
90.5
91.0
Nonrerrous foundries
3301
2.11
124.8
125.9
128.81
126.7
129.4
133.6
2.3
-1.7
2.2
3.21
6.2
133.8
133.8
FABRICATED METAL PRODUCTS
341
26.41
122.5
123.9
127.41
130.3
131.7
133.7
2.8
2.3
1.1
1.5
7.91
132.4
131.9
Metal cans
3411
2.21
124.5
120.9
126.8
132.8
132.2
136.51
-0.1
4.7
-0.4
3.3
7.6
135.6
138.8
Hardware
3421
2.31
105.9
106.1
106.31
107.3
110.4
112.21
.1
1.0
2.9
1.71
5.81
111.6
112.2
Structural metal products
3441
.81
117.9
120.0
122.71
125.3
129.0
130.6
2.3
2.1
3.0
1.21
8.8
127.5
129.5
Pasteners
3451
1.61
113.11
116.4
120.61
120.2
120.0
128.21
3.6
-0.3
-0.1
6.81
10.1
123.8
126.5
Metal stampings
346
6.21
108.9
105.3
113.5
116.9
121.7
123.61
7.8
3.0
4.1
1.5
17.4
122.8
123.2
2.1
2.6
7.9
129.7
127.3
NONELECTRICAL MACHINERY
351
28.61
118.8
121.6
122.1
125.3
127.9
131.2
.4
2.6
Engines and turbines
351
2.41
64.71
64.9
67.51
70.7
72.1
75.91
4.1
4.7
2.0
5.31
17.01
78.9
77.1
Pars equipment
3521
2.11
55.21
58.2
59.11
56.2
62.7
63.31
1.6
-5.0
11.6
1.01
8.8
63.3
65.3
Construction equipment
3531
5.1)
76.11
80.0
80.41
80.8
82.7
83.9
.5
.4
2.4
1.41
4.8
84.3
83.2
Metalworking machinery
3541
3.81
119.1
123.4
120.7
122.4
124.7
132.81
-2.2
1.4
1.8
6.61
7.7
132.3
127.5
Special industry machinery
3551
2.01
106.0
110.0
106.91
112.6
105.8
110.31
-2.8
5.3
-6.1
4.31
.31
106.8
108.6
General industrial mach.
3561
4.01
112.31
115.5
113.61
116.2
117.4
121.01
-1.6
2-3
1.1
3.01
4.8
118.5
119.9
8.61
226.1
216.9
Office and computing mach.
3571
2.81
212.01
211.2
216.6
222.6
233.3
229.41
2.6
2.7
4.8
-1.61
Service industry machinery
3581
2.81
112.9
115.4
120.0
121.1
122.4
130.31
4.0
.9
1.1
6.51
12.9
129.7
128.2
ELECTRICAL MACHINESY
361
25.01
131.8
133.4
133.5
136.2
136.9
142.41
.1
2.0
.5
4.01
6.7
141.9
142.0
103.7
101.2
106.61
1.6
2.7
-2.4
5.31
7.2
104.9
101.9
Elect. distribution equip.
3011
1.51
100.71
99.4
101.01
Elect. indust. apparatus
3021
4.31
86.31
87.3
88.51
88.9
90.0
93.31
1.4
.5
1.2
3.71
6.9
91.8
93.3
Household appliances
3631
2.71
94.61
97.2
92.71
92.9
94.3
94.81
-4.6
.3
1.5
.51
-2.4
91.9
92.6
Lighting and wiring prod.
364
2.31
106.3
107.7
107.1
110.2
110.3
111.0
-0.6
2.9
.1
.01
3.0
110.6
106.3
108.0
Radio and TV sets
3651
.91
110.51
109.0
104.11
106.1
107.0
103.71
-4.5
2.0
.8
-3.21
-4.9
102.0
Communication equipment
3001
4.61
170.71
168.8
175.81
175.2
174.4
183.31
4.2
-0.3
-0.5
5.11
8.61
184.6
184.5
Electronic components
3671
6.01
184.9
187.1
189.2
195.4
194.2
203.41
1.1
3.3
-0.6
4.71
8.7
202.7
202.0
116.7
2.6
-0.3
.0
-0.51
1.8
117.9
120.5
TRANSPORTATION EQUIPMENT
371
31.41
116.0
114.6
117.7
117.3
117.3
Motor vehicles and parts
371
19.31
100.0
97.3
101.7
98.7
100.0
99.91
4.5
-2.9
1.3
-0.11
2.7
103.4
104.0
Aircraft and parts
3721
6.51
159.5
161.2
160.6
164.6
162.3
163.01
-0.4
2.5
-1.4
.41
1.1
160.7
166.6
373
2.11
125.4
132.9
123.2
130.9
133.9
129.21
-7.3
6.3
2.3
-3.51
-2.8
127.0
135.8
Ships and boats
INSTRUMENTS
381
5.51
158.3
161.2
163.9
161.4
161.1
168.5
1.7
-1.6
-0.2
4.61
4.5
165.8
171.5
Copiers and related equip.
3861
1.41
138.4
143.2
145.0
136.5
135.7
147.71
1.3
-5.9
-0.6
8.9
3.2
147.3
150.3
MISCELLANEOUS MANUFACTURES
39
4.11
103.5
100.5
103.1
106.3
103.0
105.8
2.6
3.1
-3.1
2.7
5.3
105.7
104.7
SUPPLEMENTARY GROUPINGS
1.9
2.5
4.7
114.9
115.6
TOTAL, LESS NUCLEAR NONDEFENSE
740.71
108.5
109.9
112.1
113.0
112.3
115.11
.8
-0.6
UTILITY SALES TO INDUSTRY
715.71
104.3
106.3
107.5
107.7
107.1
110.3
1.1
.2
-0.6
3.0
3.8
110.3
110.8
INDUSTRIAL GENERATION
70.11
85.5
86.4
89.6
85.3
85.2
89.6
3.7
-4.8
-0.1
5.2
3.7
88.9
90.9
Note- The electric power use data by industry, shown in billions of kilowatt hours for 1977, are from the Census of Manufactures of
that year and from other sources. They are provided for information and are not used as weights to compile the electric power use
indexes. All index aggregations, with their detailed components, are calculated from the kilowatt hour data collected in the
Federal beserve survey 01 electric power use by industry. The electric power total includes only those major divisions of
industries--mining and manufacturing--for which data are collected is this Federal Reserve survey. The total does not include gas
or electric utility kilowatt hour use. The supplementary grouping. "Total, less noadefense, nuclear" is shown separately because
the nondefense nuclear materials series (part of SIC 2819) accounts for a disproportionally large part or total electric power use.
Since the value added proportion for this industry 18 a considerably smaller part of total IP than its share of total electric
power use, excluding this component from total power use facilitates comparisons with total IP.
18
Table 9B-continued
ELECTRIC POWER USE BY INDUSTRIES
Not seasonally adjusted, 1977 = 100
Indexes
Percentage Change from
Indexes
year
previous quarter
ago
1977
SIC
(bil.
1987
1987
1988
1987
1988
1987
1988
Series
code
KSH)
23
V4
v1
22
03
04
01
02
us
03
SEP
OCT
PETROLÈUM PRODUCTS
29
34.71
121.3)
129.1
122.31
119.5
117.7
121.6
-5.2
-2.3
-1.5
3.3
-5.8
123.6
117.1
RUBBER & PLASTICS PRODUCTS
30
23.1
143.0
148.2
146.7
144.9
150.1
152.8
-1.0
-1.3
3.6
1.81
3.1
156.4
154.5
Tites
3011
5.41
75.51
79.8
76.01
74.5
80.0
84.21
-4.7
-2.0
7.4
5.31
5.61
86.8
82.7
Rubber products, nec
306
2.21
103.01
104.9
105.7
105.2
107.9
110.91
.8
-0.4
2.5
2.81
5.8
114.6
110.8
Plastics products, nec
307
14.21
192.11
198.2
197.31
195.0
198.6
200.31
-0.4
-1.2
1.9
.81
1.1
204.0
203.8
LEATHER AND PRODUCTS
311
1.4/
98.5
104.4
97.31
96.1
97.9
104.1
-6.8
-1.2
1.9
6.3
-0.2
109.1
100.5
Shoes
3141
.71
88.4
96.4
87.3
88.3
89.9
96.1
-9.5
1.2
1.9
6.91
-0.3
100.1
90.0
CLAY, GLASS, AND STONE
321
31.41
106.51
109.8
109.21
102.1
109.5
112.2
-0.5
-6.5
7.2
2.41
2.2
113.4
113.1
Plat glass
3211
1.31
121.61
120.8
130.5
136.3
141.4
149.21
2.9
4.5
3.7
5.51
17.6
148.8
148.7
Pressed and blown ylass
322
6.81
104.01
106.3
101.9
99.0
102.8
107.0)
-4.1
-2.9
3.8
4.21
.7
109.2
105.0
Cement
3241
10.21
97.71
104.1
102.91
82.1
99.4
100.71
-1.1
-20.2
21.1
1.41
-3.21
99.9
104.8
Structural clay products
3251
1.51
114.61
115.9
118.41
117.7
118.7
118.71
2.2
-0.6
.9
.01
2.4
121.6
116.7
Concrete roducts
3271
3.61
108.01
110.2
111.9
108.4
111.8
114.4
1.6
-3.1
3.1
2.41
3.9
114.6
115.3
PRIMARY MLYALS
331
171.3
79.51
79.1
85.21
88.7
89.6
89.61
7.7
4.1
1.0
.01
13.3
89.8
92.6
Basic steel and mill prod.
3311
65.71
70.61
09.0
74.91
81.6
80.7
80.41
7.7
8.8
-1.1
-0.41
15.61
80.9
83.3
Iron and steel foundries
3321
12.01
73.51
71.5
76.21
76.2
80.8
78.7
6.6
2.6
3.4
-2.61
10.11
81.6
82.6
Primary nonferrous metals
333
78.1
98.51
99.7
106.51
103.9
101.7
106.81
6.8
-2.4
-2.1
5.01
7.21
104.9
117.3
Aluminum
33341
70.31
80.61
81.2
87.11
87.6
90.8
90.21
7.2
.0
3.6
-0.71
11.01
88.0
90.1
Nonferrous foundries
3361
2.1
124.81
124.7
129.0
127.8
129.3
132.41
3.5
-0.9
1.1
2.41
0.11
138.2
137.2
FABEICATED METAL PRODUCTS
341
26.41
122.5
125.9
125.4
129.9
131.9
135.8
-0.4
3.6
1.5
2.9
7.9
137.1
134.0
Metal cans
3411
2.21
124.51
132.9
122.71
128.4
134.5
143.01
-7.6
4.0
4.7
0.31
7.61
144.4
138.8
Hardware
3421
2.31
105.91
107.8
105.51
106.7
110.0
114.11
-2.2
1.1
3.1
3.71
5.81
116.5
114.6
Structural metal products
3441
.81
117.91
120.5
121.9
127.5
126.9
131.11
1.2
4.6
-0.5
3.31
8.8
131.8
130.9
Fasteners
3451
1.01
113.11
117.2
117.61
121.7
120.4
129.11
.4
3.4
-1.0
7.21
10.11
128.2
127.5
Metal stampings
3401
6.21
108.9
103.8
111.41
119.4
123.1
121.8)
7.3
7.2
3.1
-1.01
17.41
124.8
124.6
NONELECTRICAL MACHINERY
351
28.0
118.8)
126.8
120.8
122.3
127.0
136.81
-4.7
1.2
3.8
1.71
7.9
137.0
129.7
Engines and turbines
3511
2.41
64.71
67.5
66.51
69.9
70.9
79.01
-1.5
5.0
1.5
11.41
17.01
80.6
76.5
Farz equipment
3521
2.11
55.21
57.7
57.31
58.4
62.8
62.81
-0.6
2.0
7.5
-0.11
8.81
62.7
62.9
Construction equipment
3531
5.1)
76.11
82.9
79.71
79.5
81.7
86.9
-3.9
-0.3
2.8
6.41
4.81
89.1
83.6
Metalworking machinery
3541
3.81
119.11
126.4
118.5
122.4
123.8
136.1
-6.2
3.3
1.1
9.91
7.7
137.6
130.0
Special industry machinery
3551
2.01
106.01
112.7
105.71
111.3
105.4
113.0
-6.2
5.3
-5.3
7.21
.31
111.9
109.3
General industrial mach.
3501
4.61
112.31
118.7
111.8
114.0
118.0
124.41
-5.8
2.0
3.5
5.41
4.8
125.1
120.9
Office and computing maca.
3571
2.81
212.01
226.7
215.11
212.4
228.0
246.4
-5.1
-1.2
7.4
8.11
8.7
241.4
223.5
Service industry machinery
3581
2.81
112.91
121.5
116.8
117.3
123.1
137.21
-3.8
.4
4.9
11.51
12.91
137.6
130.3
ELECTRICAL MACHINERY
361
25.0
131.8
139.8
131.6
131.8
136.6
149.21
-5.8
.2
3.0
9.21
6.71
151.2
145.5
Elect. distribution eyuip.
3611
1.51
100.71
102.8
100.9
101.1
100.4
110.3
-1.9
.3
-0.7
9.81
7.21
112.3
104.8
Elect. indust. apparatus
3621
4.31
86.31
88.8
86.51
88.1
91.2
95.01
-2.6
1.9
3.5
4.11
6.9
93.7
93.0
Household appliances
3031
2.71
94.61
97.4
90.81
92.8
90.0
95.01
-6.7
2.2
3.5
-1.11
-2.41
90.8
97.1
Lighting and wiring proc.
3641
2.31
100.3
107.9
107.4
109.4
110.6
111.21
-0.4
1.8
1.1
.51
3.11
116.6
110.6
Radio and TV sets
3651
.91
110.51
117.2
101.41
102.2
105.3
111.61
-13.5
.8
3.0
6.01
-4.81
111.5
109.2
Communication equipment
3661
4.61
170.71
183.8
172.9
163.9
172.8
199.71
-5.9
-5.2
5.4
15.61
8.61
202.2
189.6
Electronic components
3671
6.0
184.91
198.5
187.1
185.9
193.9
215.81
-5.8
-0.6
4.3
11.31
8.7)
216.9
208.2
TRANSPORTATION EQUIPMENT
371
31.41
116.01
119.2
115.21
114.0
118.3
121.4
-3.4
-1.0
3.7
2.01
1.9
124.3
122.1
Motor vehicles and parts
371
19.31
100.01
99.5
99.21
96.9
102.0
102.31
-0.3
-2.3
5.3
.21
2.8
107.2
105.4
Aircraft and parts
372
6.5
159.51
170.5
159.91
156.8
161.4
172.31
-6.2
-2.0
2.9
6.81
1.11
170.8
169.9
Ships and boats
373
2.1
125.4
131.5
121.1
135.7
132.4
127.71
-7.9
12.0
-2.5
-3.51
-2.9
123.6
130.6
INSTRUMENTS
381
5.5
158.31
172.6
160.0
155.1
159.8
180.41
-7.3
-3.1
3.0
12.91
4.51
178.9
174.2
Copiers and related equip.
380
1.4
138.4
148.3
143.5
133.3
135.2
153.0
-3.3
-7.1
1.4
13.21
3.2
151.9
152.6
MISCELLANEOUS MANUPACTULES
391
4.11
103.5
105.0
100.8
104.1
102.7
110.6
-4.0
3.3
-1.3
7.7
5.3
112.9
107.2
SUPPLEMENTARY GROUPINGS
TOTAL, LESS NUCLEAR NONDEFENSE
740.7
108.5
112.0
110.8)
111.0
113.3
117.3
-1.1
.2
2.1
3.5
4.7
118.4
116.7
UTILITY SALES TO INDUSTRY
715.7
104.31
108.2
106.0
105.6
108.6
112.3
-2.0
-0.4
2.9
3.4
3.8
113.5
111.7
INDUSTRIAL GENERATION
70.1
85.5
85.8
87.4
87.5
85.5
89.01
2.0
.0
-2.3
4.2
3.8
85.3
88.0
19
Explanatory Note
Coverage. The index is a measure of industrial production expressed
tion of the seasonally adjusted Industry groupings. A simple aggre-
as a percentage of output in a reference period (currently 1977). The
gation of the seasonally adjusted individual series within groupings
changes in the physical output of the nation's factories, mines, and
may not precisely equal the seasonally adjusted groupings, primar-
electric and gas utilities are represented by 252 individual series in
ily because aggregates are adjusted independently.
the index, covering 27 pertinent two-digit codes of the Standard In-
dustrial Classification (SIC). For each Individual series, index series
Weights. The total index and the various groupings of the compo-
relatives are calculated first and are then aggregated in the follow-
nent series are currently aggregated on the basis of 1977 value-added
ing two ways: (1) market groupings, such as consumer goods, equip-
weights, which are shown in the first column of the index tables un-
ment, Intermediate products, and materials, from which the
der the heading proportions. Value-added weights for 1972 are used
seasonally adjusted total index is derived (tables 1A and 1B), and
for the 1972-77 period, while 1967 weights are used for the 1967-72
(2) industry groupings, such as SIC two-digit Industries, and major
period. The weight years for earlier periods after World War II are
aggregates of these groupings, such as durable and nondurable
1963, 1958, 1954, and 1947. The indexes for the various periods are
manufacturing, mining, and utilities (tables 2A and 2B).
linked to provide the continuous final results expessed in relation
to the 1977 comparison year taken as 100. The gross-value-weighted
Market groupings. For purposes of analysis the individual industrial
product series are expressed in terms of 1982 dollars.
output series are grouped into materials, intermediate products, and
final products; together, the latter two form the products category.
Formula. The symbolic expression for the total index (I) is
Materials are industrial output requiring further processing within
Industry; intermediate products are expected to become inputs in
Σq,P₇7
=
100
=
nonindustrial sectors such as construction, farming, and services;
100,
Σ977P77
and final products are assumed to enter final use as items of pri-
vate consumption, government use, or capital formation. In the index,
where q is quantity, p is Census value added per unit of output, t
final products are subdivided into consumer goods and equipment.
represents the fth period, and 77 denotes base-year values.
Timing. A first estimate of output for a month is published about the
15th of the following month. This estimate may be revised in each
Reliability. The median of the revisions in total industrial production,
of the next three months as new data become available. After the
without regard to sign, between the first and fourth estimates is 0.3
fourth month, indexes are not revised further until the time of an
percent: that is, in about half of the cases the absolute value of the
annual revision or a benchmark revision. The last three benchmark
revision from the first to the fourth estimate was less than 0.3 per-
revisions were published in 1971, 1976, and 1985. Such revisons are
cent. (This calculation used data for the period from January 1972
derived mainly from the quinquennial Census of Manufactures, the
to January 1985.) Over the same period, positive changes in the first
estimate were confirmed in the fourth estimate (available three
quinquennial Census of Mineral Industries, and the Annual Survey
of Manufactures, all prepared by the Bureau of the Census, and the
months later) about 94 percent of the time. Negative changes in the
first estimate were confirmed in the fourth estimate about 85 per-
Minerals Yearbook of the Bureau of Mines.
cent of the time. Thus the likelihood is high that the first estimate
Source data. The indexes of industrial production are constructed
for a month will indicate the direction of change in the total index
from monthly data of two types: (1) directly measured output in phys-
in a reliable manner. However, the magnitude of change as first esti-
ical units; and (2) estimates of output derived from data on input,
mated typically is revised during the next three months; these revi-
sions are based on revised and more complete data sources. The
expressed in physical units, adjusted by conversion factors that re-
late these inputs to physical output. The data on directly measured
estimates for the higher aggregates generally are considered more
reliable than the estimates for their individual components. Revisions
physical product (pounds, yards, barrels, and the like) are obtained
from reports of the Bureau of the Census, the Bureau of Mines, other
to the components often offset each other and thereby reduce the
government agencies, and trade associations. When suitable monthly
size of revisions to the aggregates.
data on physical product are unavailable, estimates of physical out-
put based on input data (kilowatt hours, production-worker hours)
Rounding. Changes shown for index components may not aggregate
are used. The hours worked by production workers are collected in
to changes for totals because of independent rounding. Percentage
the monthly establishment survey of the Bureau of Labor Statistics,
changes are calculated from indexes expressed in more digits fol-
while data on the kilowatt hours used in industry are collected from
lowing the decimal point than shown in their rounded form in the
electric utilities by the Federal Reserve Banks. The estimates of input
present release. Therefore, percentage changes calculated from the
conversion are based mainly on historical relationships that were
rounded Indexes may not entirely coincide with the percentage
derived from censuses and annual surveys and, when appropriate,
changes calculated from unrounded indexes.
on more recent cyclical, technological and statistical developments.
Users of the index should bear in mind that, especially for the first
Literature. Industrial Production-1986 Edition contains a more
and second estimates of a given month's indexes, the available
detailed description of the index and the procedures used in com-
source data are limited and are subject to change in the months fol-
piling it, plus a history of its development, a glossary of terms, and
lowing their initial receipt as well as in benchmark revisions.
a bibliography. The new edition was published in December 1986.
To obtain copies of Industrial Production-1986 Edition, write to the
Seasonal adjustment. Individual series are seasonally adjusted by
Publication Services, Board of Governors of the Federal Reserve Sys-
the X-11 Method II of the Bureau of the Census with the intervention
tem, Washington, D.C. 20551. The price of this volume of about 440
analysis technique applied to the series. The seasonal factors cur-
pages is $9.00 per copy. Selected data on Industrial production are
rently being used are based on data through 1985. The Individual
also published monthly In the Financial and Business Statistics sec-
series and the major aggregate series are seasonally adjusted In-
tion of the Federal Reserve Bulletin.
dependently, and the factors for the aggregate series In the sum-
mary table and in tables 1 and 2 are reviewed monthly. The seasonally
Release date. The industrial production Index is released in mid-
adjusted total index is aggregated from the seasonally adjusted mar-
month. For the specific date, phone 202-452-3206 about the 11th of
ket groupings of the index and may not precisely equal an aggrega-
the month.
20
January 17, 1989
MEMORANDUM FOR WHITE HOUSE SENIOR STAFF-DESIGNATES
FROM:
MICHAEL J. BOSKIN
CHAIRMAN-DESIGNATE, CEA
mgB
SUBJECT:
Economic Information Flow
Yes
No
Range of Alternatives:
1. Similar format for daily releases.
2. More information on the underlying quality
and reliability of the statistics.
3. More information on the sensitivity of
financial markets to past fluctuations in
the indicators.
4. More information on the relationship
between changes in particular indicators
and trends in the rest of the economy.
5. Weekly, biweekly, and/or monthly summaries,
perspectives and briefing memoranda.
Withdrawal/Redaction Sheet
(George Bush Library)
Document No.
Subject/Title of Document
Date
Restriction
Class.
and Type
05. Memo
From Michael Boskin to POTUS-Elect
1/18/89
P-5
Re: Priority Economic Issues w/Respect to Japan (2 pp.)
Collection:
Record Group:
Bush Presidential Records
Office:
Chief of Staff, White House Office of
Series:
Sununu, John, Files
Open on Expiration of PRA
Subseries:
Cabinet Agencies Files
(Document Follows)
WHORM Cat.:
By sp (NLGB) on 4/10/08
File Location:
Boskin (CEA - 1989)
Date Closed:
12/1/2004
OA/ID Number:
29186-006
FOIA/SYS Case #:
1998-0004-F[1]
Appeal Case #:
Re-review Case #:
2005-0426-S
Appeal Disposition:
P-2/P-5 Review Case #:
Disposition Date:
AR Case #:
MR Case #:
AR Disposition:
MR Disposition:
AR Disposition Date:
MR Disposition Date:
RESTRICTION CODES
Presidential Records Act - [44 U.S.C. 2204(a)]
Freedom of Information Act [5 U.S.C. 552(b)]
P-1 National Security Classified Information [(a)(1) of the PRA]
(b)(1) National security classified information [(b)(1) of the FOIA]
P-2 Relating to the appointment to Federal office [(a)(2) of the PRA]
(b)(2) Release would disclose internal personnel rules and practices of an
P-3 Release would violate a Federal statute [(a)(3) of the PRA]
agency [(b)(2) of the FOIA]
P-4 Release would disclose trade secrets or confidential commercial or
(b)(3) Release would violate a Federal statute [(b)(3) of the FOIA]
financial information [(a)(4) of the PRA]
(b)(4) Release would disclose trade secrets or confidential or financial
P-5 Release would disclose confidential advice between the President
information [(b)(4) of the FOIA]
and his advisors, or between such advisors [a)(5) of the PRA]
(b)(6) Release would constitute a clearly unwarranted invasion of
P-6 Release would constitute a clearly unwarranted invasion of
personal privacy [(b)(6) of the FOIA]
personal privacy [(a)(6) of the PRA]
(b)(7) Release would disclose information compiled for law enforcement
purposes [(b)(7) of the FOIA]
C. Closed in accordance with restrictions contained in donor's deed of
(b)(8) Release would disclose information concerning the regulation of
gift.
financial institutions [(b)(8) of the FOIA]
(b)(9) Release would disclose geological or geophysical information
PRM. Removed as a personal record misfile.
EXECUTIVE OFFICE OF THE PRESIDENT
COUNCIL OF ECONOMIC ADVISERS
WASHINGTON, D.C. 20500
January 18, 1989
MEMORANDUM FOR PRESIDENT-ELECT GEORGE BUSH
GOVERNOR JOHN SUNUNU, CHIEF OF STAFF-DESIGNATE
FROM:
MICHAEL J. BOSKIN
CHAIRMAN-DESIGNATE,
mpr
COUNCIL OF ECONOMIC ADVISERS
SUBJECT:
Priority Economic Issues with Respect to Japan
We are entering a critical period for world trade and
growth due to accumulated trade frictions combined with
uncertainty and extreme anxiety over "EC '92." EC '92 also
raises the spectre of the world degenerating into a series of
trade blocks (Europe, North America, East Asia, etc.) which
would have substantially free trade internally, but risks still
greater external tariff and non-tariff barriers than exist
today. This would be a tragedy, as it would reduce world
trade, slow world economic growth, and ravage the economies of
the third world. While it may be in the short-term economic
interests of any one entity, it surely works against long-term
interests of all.
The United States should seek in all venues, from the
Uruguay Round of GATT, to the economic summits, and others, to
lead the world toward freer and fairer trade. This will
require tremendous internal domestic political courage and
talent, as the forces for protection are mobilized by narrow
industry or region, while the forces for general growth, and
the lower prices for consumers brought about by world-wide
competition, are far more diffuse and less powerful in the
various world legislatures.
Therefore, a fundamental point to get across to Japan's
leaders on the President-elect's visit is that Japan must join
the United States in attempting to lead the world toward free,
fair trade. This is in the long-run interests of the Japanese
economy, not just that of the United States and other
countries. Further, the rest of East Asia is very concerned
about being forced de facto into some sort of economic alliance
with Japan.
- 2 -
The two most important direct steps, especially because they
would be visible, would be to lower (1) tariff barriers to
agricultural imports dramatically and (2) non-tariff barriers to
non-agricultural imports. Leading candidates are tariffs on rice
and wheat, where internal prices in Japan are 8-1/2 and 10 times
the world market prices respectively. The Japanese will insist
that it is necessary for such extreme protection of their
agriculture to ensure food self-sufficiency (they recall the
deprivation they experienced in World War II). Food
self-sufficiency is not the same as food security. Even a modest
roll back of the tariffs would get rid of their least efficient
producers, lower prices internally in Japan which would be
tremendously popular with the bulk of the Japanese, who are rice
consumers, and various agreements could be made which would
guarantee food security (reserves, guarantees from the surplus
countries: United States, Canada, Argentina, etc.).
Non-tariff barriers are informal, usually reflecting
cultural practice or institutional biases. Opportunities for
reductions under government control are procurement practices of
government and semi-official agencies (universities, NTT),
especially those affecting super computers, telecommunications,
and possibly construction.
Withdrawal/Redaction Sheet
(George Bush Library)
Document No.
Subject/Title of Document
Date
Restriction
Class.
and Type
06. Memo
From Michael Boskin to John Sununu
1/18/89
P
Re: My Technical Economic Support Role for Budget
Summit Group (1 pp.)
Collection:
Record Group:
Bush Presidential Records
Office:
Chief of Staff, White House Office of
Series:
Sununu, John, Files
Open on Expiration of PRA
Subseries:
Cabinet Agencies Files
(Document Follows)
WHORM Cat.:
By gp (NLGB) on 5/12/05
File Location:
Boskin (CEA - 1989)
Date Closed:
12/1/2004
OA/ID Number:
29186-006
FOIA/SYS Case #:
1998-0004-F[1]
Appeal Case #:
Re-review Case #:
2005-0426-S
Appeal Disposition:
P-2/P-5 Review Case #:
Disposition Date:
AR Case #:
MR Case #:
AR Disposition:
MR Disposition:
AR Disposition Date:
MR Disposition Date:
RESTRICTION CODES
Presidential Records Act [44 U.S.C. 2204(a)]
Freedom of Information Act [5 U.S.C. 552(b)]
P-1 National Security Classified Information [(a)(1) of the PRA]
(b)(1) National security classified information [(b)(1) of the FOIA]
P-2 Relating to the appointment to Federal office [(a)(2) of the PRA]
(b)(2) Release would disclose internal personnel rules and practices of an
P-3 Release would violate a Federal statute [(a)(3) of the PRA]
agency [(b)(2) of the FOIA]
P-4 Release would disclose trade secrets or confidential commercial or
(b)(3) Release would violate a Federal statute [(b)(3) of the FOIA]
financial information [(a)(4) of the PRA]
(b)(4) Release would disclose trade secrets or confidential or financial
P-5 Release would disclose confidential advice between the President
information [(b)(4) of the FOIA]
and his advisors, or between such advisors [a)(5) of the PRA]
(b)(6) Release would constitute a clearly unwarranted invasion of
P-6 Release would constitute a clearly unwarranted invasion of
personal privacy [(b)(6) of the FOIA]
personal privacy [(a)(6) of the PRA]
(b)(7) Release would disclose information compiled for law enforcement
purposes [(b)(7) of the FOIA]
C. Closed in accordance with restrictions contained in donor's deed of
(b)(8) Release would disclose information concerning the regulation of
gift.
financial institutions [(b)(8) of the FOIA]
(b)(9) Release would disclose geological or geophysical information
PRM. Removed as a personal record misfile.
January 18, 1989
MEMORANDUM FOR GOVERNOR JOHN SUNUNU
CHIEF OF STAFF-DESIGNATE
FROM:
MICHAEL BOSKIN
mms
CHAIRMMAN-DESIGNATE, CEA
SUBJECT:
My Technical Economic Support Role for
Budget Summit Group
In addition to the items in the previous memo, Treasury
Secretary Brady and OMB Director Darman have asked me (I would
normally be the lead anyway in the so-called Troika-the
Administration's economic forecasting group) to work with,
coordinate and lead their professional staffs on numerous items
(capital gains, interest rates, etc.) for use in the February 9
proposals and to develop a similar role over the next several
months in the period between the hypothetical budget summit
beginning and the usual summer forecast, which technically
operates as the Gramm-Rudman-Hollings trigger.
Therefore, I do believe it would signal some additional
credibility by including a statement in the President-elect's
letter naming his Budget Negotiating Team, such as "with
technical economic support from Michael Boskin, CEA Chairman.
Withdrawal/Redaction Sheet
(George Bush Library)
Document No.
Subject/Title of Document
Date
Restriction
Class.
and Type
07. Memo
From Michael Boskin to John Sununu
12/16/88
P/S
Re: My Understanding of the Arrangements Agreed to by the
VP Prior to My Acceptance of the Job (4 pp.)
Collection:
Record Group:
Bush Presidential Records
Office:
Chief of Staff, White House Office of
Series:
Sununu, John, Files
Open on Expiration of PRA
Subseries:
Cabinet Agencies Files
(Document Follows)
WHORM Cat.:
By If (NLGB) on 12/12/07
File Location:
Boskin (CEA - 1989)
Date Closed:
12/1/2004
OA/ID Number:
29186-006
FOIA/SYS Case #:
1998-0004-F[1]
Appeal Case #:
Re-review Case #:
2005-0426-S
Appeal Disposition:
P-2/P-5 Review Case #:
Disposition Date:
AR Case #:
MR Case #:
AR Disposition:
MR Disposition:
AR Disposition Date:
MR Disposition Date:
RESTRICTION CODES
Presidential Records Act - [44 U.S.C. 2204(a)]
Freedom of Information Act - [5 U.S.C. 552(b)]
P-1 National Security Classified Information [(a)(1) of the PRA]
(b)(1) National security classified information [(b)(1) of the FOIA]
P-2 Relating to the appointment to Federal office [(a)(2) of the PRA]
(b)(2) Release would disclose internal personnel rules and practices of an
P-3 Release would violate a Federal statute [(a)(3) of the PRA]
agency [(b)(2) of the FOIA]
P-4 Release would disclose trade secrets or confidential commercial or
(b)(3) Release would violate a Federal statute [(b)(3) of the FOIA]
financial information [(a)(4) of the PRA]
(b)(4) Release would disclose trade secrets or confidential or financial
P-5 Release would disclose confidential advice between the President
information [(b)(4) of the FOIA]
and his advisors, or between such advisors [a)(5) of the PRA]
(b)(6) Release would constitute a clearly unwarranted invasion of
P-6 Release would constitute a clearly unwarranted invasion of
personal privacy [(b)(6) of the FOIA]
personal privacy [(a)(6) of the PRA]
(b)(7) Release would disclose information compiled for law enforcement
purposes [(b)(7) of the FOIA]
C. Closed in accordance with restrictions contained in donor's deed of
(b)(8) Release would disclose information concerning the regulation of
gift.
financial institutions [(b)(8) of the FOIA]
(b)(9) Release would disclose geological or geophysical information
PRM. Removed as a personal record misfile.
OFFICE OF THE PRESIDENT-ELECT
WASHINGTON, D.C. 20270
December 16, 1988
MEMORANDUM FOR GOVERNOR JOHN SUNUNU
CHIEF OF STAFF-DESIGNATE
FROM:
MICHAEL J. BOSKIN
DESIGNEE, CHAIRMAN OF THE PRESIDENT'S
eDul
COUNCIL OF ECONOMIC ADVISORS
SUBJECT:
MY UNDERSTANDING OF THE ARRANGEMENTS AGREED TO
BY THE VICE PRESIDENT PRIOR TO MY ACCEPTANCE OF
THE JOB
The Vice President and Bob Teeter independently suggested that I
review these issues with you, which I had planned to do anyway so that
there would be no misunderstanding. I consider each of these to be
vital to my proper role on behalf of a Bush presidency and believe that
you will see these issues in the same way. I thought that reviewing
them briefly with you would prevent any future misunderstandings as
well as arming you in dealings with any third parties.
I. The Role of the CEA and the CEA Chairman
1. The Council of Economic Advisors will be a full member of all
policy committees and councils relating in any way whatsoever to
economics. In the current administration, this includes the Economic
Policy Council, Domestic Policy Council (of which the current CEA
Chairman is a member), the Quad Committee, the Troika, etc.; all
interagency committees dealing with any aspect of economic policy
(at lower levels I would designate another member or some other
person to participate). To quote the Vice President in my meeting
prior to my acceptance, "Anything I would have wanted to be included
as part of I will." We agreed to it this way because the organization
of policymaking in the White House has not yet been decided. Will we
stick with a similar format to the existing White House, e.g. Cabinet
Councils, or change it? The CEA Chairman is occasionally invited to
National Security Council meetings when the subject matter indicates
that would be useful.
Governor John Sununu
Page Two
This extends to legislative strategy with respect to any component
of economic policy, though admittedly I, or my representative, would
be there mostly to provide technical support about what might be traded
away in terms of the economy or other aspects of economic policy, not
as experts on legislative strategy.
The CEA Chairman (or a member when appropriate) will attend the
daily White House Senior Staff meetings, or their equivalent.
2. I will have complete and direct access to the President any
time it is necessary and regular meetings with the President. Clearly,
the President does not need an economics briefing every day as he
needs a national security briefing. But some regular meeting, perhaps
every other week, would be very useful.
3. While the Chairman of the Council of Economic Advisors will
not be a member of the Cabinet (a decision he made some time ago, with
respect to the national security advisor, the director of the CIA, the
UN Ambassador, CEA Chairman, etc.), the Chairman of the President's
Council of Economic Advisors will be the chief economic advisor to the
President and will attend Cabinet meetings. Of course, the Treasury
Secretary is the administration's chief economic spokesman, and other
Cabinet members will lead on other issues, e.g. Dick Darman on the
budget. It is important for the President to receive the highest
quality and most timely economic advice. It is also important to
avoid the appearance which damaged the Reagan administration of the
President being separated from or unconcerned with economic advice.
4. I will have the major role in selecting the other two
members of the Council of Economic Advisors. I interpret this as
a combination of recruiting, prioritizing and "soft veto. " This
was agreed to by Craig Fuller just prior to my seeing the Vice
President, as he indicated this was sort of a "given." It would
do much for the CEA and the image of the Bush administration --
relative to previous administrations, but especially the Reagan
administration -- to get two other members who are distinguished
economists, as well as meet all the other constraints that presidential
appointments must have, as well as assisting us politically with
various constituencies.
Governor John Sununu
Page Three
5. It is essential that I be part of the budget negotiating team
to be named "immediately after the inauguration." This would probably
be normal in any event, but the economy, forecasts, assumptions, etc.,
will not only be at center stage, but we will have to have the capacity
to respond very quickly at hand. Obviously, I will follow your and
Darman's lead (the economic forecasts have been the primary issue
raised in many of my, and Darman's, sessions on the Hill).
6. The CEA Chairman will continue to be an integral part of and
attendee at both the annual ministerial meetings and economic summits
(although obviously in a supporting role for the Treasury Secretary,
the President, etc.).
7. The CEA will continue its current roles in International
Economic Policy Coordination and Third World Debt Policy.
8. The CEA will continue its role in International Organizations,
including the Chairman's traditional position as head of the OECD
Economic Policy Committee, CEA's role as head of the U.S. delegation
to other committees, especially Working Party 1.
II. Issues Related to Running the CEA
1. It was agreed that I would receive the same arrangement,
other than Cabinet status, that Sprinkel currently has. These
include no staff or budget cuts. Because of the incredibly long
hours a CEA Chairman puts in, like Sprinkel, I will have a car and
driver portal to portal as well as White House transportation agency
priority transportation once at the office (as I understand it, the
list of White House executive office cars usually includes Chief of
Staff, Deputy Chief of Staff, OMB, National Security Advisor and CEA
Chairman). I don't mean to sound petty, but this gives me an extra
45 minute margin per day, and some flexibility in where I live.
2. Privileges in the Executive Dining Room in addition to the
staff dining room.
Governor Sununu
Page Four
3. Permission to travel first class internationally. I have to
Chair the Economic Policy Committee at the OECD, etc. Sprinkel tells
me that usually the State Department, which finances these trips, pays
business class air travel and he arranges to have the difference paid
by giving a speech the same day, SO long as it does not violate any
laws, the difference being reimbursed via a 501C3 organization. I
would like this option as well.
I do not mean to violate any spirit of teamwork or collegiality
by getting this all down in print and up front. In my meeting with
the Vice President he was very agreeable and said yes to some general
things. I wanted to make sure that no one misinterprets them while
we are doing more serious things.
I look forward to working with you on a policy agenda -- something
into which we will have to put a lot of work soon, and in which, I
suspect, we will have very similar views.