Full text: Trend and Cycle

■ CAPACITY UTILIZATION 
YR 
JAN 
FEB 
HAB 
APR 
HAY 
JUNE 
JULY 
AUG 
SEPT 
67 
83.1 
80.9 
78.0 
76.9 
77.5 
75.4 
80.6 
88.1 
90.4 
68 
94. 7 
92.9 
91.9 
93.0 
92.8 
92.3 
96.3 
75.3 
71.0 
69 
87.4 
90.8 
91.6 
90.6 
91.3 
92.6 
94.7 
96.3 
99.9 
70 
87.8 
85.5 
83.8 
81.9 
82.7 
88. 1 
89.1 
90.9 
91.4 
71 
88.3 
90.4 
91.2 
93.0 
94. 1 
89. 1 
80.6 
48.0 
66.0 
72 
78. 1 
79.5 
85.8 
86. 8 
89.0 
87.4 
85.7 
92.3 
93.9 
73 
96.6 
97.5 
95.6 
95.8 
97.6 
99. 1 
100.4 
102.4 
104.3 
74 
100.6 
97.1 
96.0 
94. 5 
95.9 
96. 7 
99.9 
99.0 
100.3 
75 
89.9 
89.2 
85.3 
78. 1 
71.5 
66. 4 
66.8 
70.2 
74.5 
76 
78.0 
80.2 
82.2 
84.9 
86.0 
87.4 
88.3 
87.7 
84.9 
77 
72.2 
74.7 
81.0 
83.0 
87.0 
85. 9 
80.4 
82.4 
81.5 
78 
82.0 
80.7 
79. 1 
86.0 
90.0 
90.5 
91.3 
94.1 
95.9 
79 
89.6 
89.9 
90.7 
91.8 
94.5 
97.5 
98.2 
94.9 
91. 1 
80 
86. 0 
85.2 
83.0 
81.9 
69.5 
61.8 
58.3 
60.7 
69.7 
81 
86.7 
87.6 
86.2 
87.9 
87.8 
85.6 
87.2 
86.0 
85.4 
82 
66.2 
63.8 
59.7 
55.3 
50.0 
48. 1 
46.6 
45.4 
44.4 
83 
45.0 
48.3 
51.9 
55.2 
57.4 
58.8 
60.2 
62.5 
64. 1 
84 
69.3 
71.8 
70.4 
74.8 
76.8 
71.8 
68.9 
65. 1 
63.3 
■ OUTPUT 
YP 
JAN 
FEB 
MAR 
APR 
MAY 
JUNE 
JULY 
AUG 
SEPT 
67 
97.0 
94.3 
90.9 
89.5 
90.2 
87.5 
93.6 
102.1 
104.7 
68 
109.2 
107.1 
106. 1 
107.4 
107.2 
106.6 
111.3 
87.0 
82.0 
69 
101.0 
105. 1 
106.2 
105. 1 
105.9 
107.6 
110. 1 
112.1 
116.3 
70 
102.5 
99.7 
97.6 
95.2 
96.0 
102. 1 
103. 1 
105.0 
105.5 
71 
101.5 
103.9 
104.9 
107. 1 
108.4 
102.6 
92.9 
55.4 
76.2 
72 
90.3 
92.0 
99.3 
100.6 
103.2 
101. 4 
99.6 
107.3 
109.2 
73 
112.7 
113.8 
111.8 
112.2 
114.4 
116. 2 
118.0 
120.5 
122.8 
74 
119.2 
1 15.3 
114.2 
112.7 
114.8 
115.9 
120.1 
119.3 
121.2 
75 
109.6 
108.8 
104.0 
95.2 
87. 1 
81.0 
81.4 
85.5 
90.7 
76 
95.0 
97.8 
100.2 
103.5 
105.0 
106.7 
107.8 
107.2 
103.8 
77 
88.5 
91.7 
99.6 
102. 1 
107.2 
105.8 
99.2 
101.8 
100.7 
78 
101.7 
100.0 
97.8 
106.3 
111.1 
111.6 
112.5 
115.8 
117.8 
79 
109.6 
109.8 
110.8 
111.9 
115. 1 
118.6 
119.3 
115.2 
110.5 
80 
103.8 
102.8 
100.2 
98.8 
83.7 
74.5 
70.3 
73.0 
83.8 
81 
104. 2 
105.3 
103.5 
105.6 
105.5 
102.8 
104.7 
103.2 
102.6 
82 
79.4 
76.5 
71.5 
66.2 
59.7 
57.5 
55.6 
54.1 
52.9 
83 
53.4 
57.0 
61.0 
64.5 
66.8 
68. 1 
69.3 
71.6 
73.0 
84 
77.4 
79.7 
77.8 
82.2 
83.9 
78. 1 
74.5 
70.0 
67.7 
CAPACITY 
YR 
JAN 
FEB 
MAR 
APR 
HAY 
JUNE 
JULY 
AUG 
SEPT 
67 
116.7 
116.6 
116.5 
116. 4 
116.3 
116. 1 
116.0 
115.9 
115.8 
68 
115.4 
115.4 
115.4 
115.4 
115.4 
115.5 
115.5 
115.5 
115.5 
69 
115.7 
115.8 
115.9 
116.0 
116. 1 
116.2 
116.3 
116.4 
116.5 
70 
116.7 
116.6 
116.4 
116.2 
116. 1 
115.9 
115.7 
115.6 
115.4 
71 
114. 9 
115.0 
115.0 
115. 1 
115.1 
115.2 
115.3 
115.3 
115.4 
72 
115.7 
115.8 
115.8 
115.9 
116.0 
116. 1 
116.2 
116.2 
116.3 
73 
116.7 
116.8 
116.9 
117.1 
117.2 
117. 4 
117.5 
117.6 
117.8 
74 
118.4 
118.7 
119.0 
119.3 
119.6 
119.9 
120.3 
120.6 
120.9 
75 
121.9 
121.9 
121.9 
121.9 
121.9 
121.9 
121.8 
121.8 
121.8 
76 
121.8 
121.6 
121.9 
122.0 
122.0 
122. 1 
122.2 
122.2 
122.3 
77 
122.6 
122.7 
122.8 
123.0 
123. 1 
123.2 
123.4 
123.5 
123.6 
78 
124.0 
123.9 
123.7 
123.6 
123.5 
123.3 
123.2 
123.0 
122.9 
79 
122.4 
122.2 
122.1 
121.9 
121.8 
121.7 
121.5 
121.4 
121.3 
80 
120.8 
120.7 
120.7 
120.6 
120.6 
120.5 
120.5 
120.4 
120.4 
81 
120.2 
120.2 
120.2 
120.1 
120. 1 
120. 1 
120. 1 
120.1 
120.1 
82 
120.0 
119.9 
119.8 
119.7 
119.6 
119.5 
119.4 
119.3 
119.2 
83 
118.5 
118.0 
117.4 
116.8 
116.3 
115.7 
115. 1 
114.5 
114.0 
84 
111.7 
111. 1 
110.5 
109.9 
109.3 
108.7 
108.2 
107.6 
107.0 
B. Industrial materials—Continued 55 
Raw steel 
Seasonally adjusted 
PERCENT 
ANN. 
OCT 
NOV 
DEC 
Q 1 
Q 2 
Q 3 
Q 4 
ATG. 
94.3 
93.9 
96.0 
80.7 
76.6 
86.4 
94.7 
84.6 
77.0 
81.8 
85.3 
93. 1 
92.7 
80.9 
81.4 
87.0 
102.3 
99.1 
95.9 
89.9 
91.5 
97.0 
99. 1 
94.4 
87.8 
61.9 
84.0 
85.7 
84.2 
90.4 
84.6 
86.2 
67.9 
68.2 
73.3 
90.0 
92. 1 
64.9 
69.8 
79.2 
95.9 
95.4 
97.3 
81. 1 
87.7 
90.6 
96.2 
88.9 
104.7 
105. 1 
106.0 
96.5 
97.5 
102.4 
105.3 
100.4 
103.2 
96.7 
90. 1 
97.9 
95.7 
99.7 
96.7 
97.5 
72.9 
71.6 
72.5 
88. 1 
72.0 
70.5 
72.3 
75.7 
79.8 
78.4 
76. 1 
80. 1 
86. 1 
87.0 
78. 1 
82.8 
82.0 
80.8 
82.1 
76.0 
85.3 
81.4 
81.6 
81. 1 
97. 1 
98.9 
97.6 
80.6 
88.8 
93.8 
97.9 
90.3 
88.0 
84.6 
81.8 
90. 1 
94.6 
94.7 
84.8 
91.0 
78.9 
87.2 
84.5 
84.7 
71.1 
62.9 
83.5 
75.6 
75.3 
71.0 
66.4 
86.8 
87. 1 
86.2 
70.9 
82.8 
41.3 
38.5 
36.1 
63.2 
51.1 
45.4 
38.6 
49.6 
66.2 
66.4 
68.7 
48.4 
57.2 
62.2 
67. 1 
58.7 
63.4 
61.6 
56.7 
70.5 
74.5 
65.7 
60.6 
67.8 
OCT 
NOV 
DEC 
Q 1 
Q 2 
INDEX, 1977 
Q 3 Q 4 
= 100 
ANN. 
AVG. 
109.0 
108.5 
110.8 
94. 1 
„ 89.0 
100. 1 
109.4 
97.8 
89.0 
94.6 
98.6 
107.5 
107.0 
93.4 
94. 1 
100.9 
119. 2 
115.6 
112.0 
104. 1 
106.2 
112.8 
115.6 
109.4 
101.2 
94.3 
96.6 
99.9 
97.8 
104.5 
97.4 
99.7 
78.4 
78.8 
84.7 
103.4 
106.0 
74.8 
80.6 
92.2 
111.6 
1 11. 1 
113.5 
93.9 
101.7 
105.4 
112.0 
103.1 
123.5 
124.1 
125.3 
112.8 
114.3 
120.4 
124.3 
117.9 
125. 1 
117.5 
109.8 
116.2 
114.5 
120.2 
117.4 
117.2 
88.8 
87.2 
88.2 
107.5 
87.8 
85.9 
88. 1 
92.5 
97.6 
96.0 
93.2 
97.7 
105.0 
106.3 
95.6 
101.2 
101.5 
100. 1 
101.8 
93.2 
105.0 
100.6 
101. 1 
100.0 
119.2 
121.3 
119.6 
99.8 
109.7 
115.4 
120.0 
110.9 
106.6 
102.3 
98.9 
110. 1 
115.2 
115.0 
102.6 
110.8 
94.9 
104.9 
101.6 
102.3 
85.7 
75.7 
100.5 
91.2 
90.4 
85.3 
79.7 
104.3 
104.6 
103.5 
85.2 
99.6 
49. 2 
45.8 
42.9 
75.8 
61. 1 
54.2 
46.0 
59.6 
75.1 
74.9 
77.0 
57.1 
66.4 
71.3 
75.7 
67.4 
67.4 
65.2 
59.7 
78.3 
81.4 
70.7 
64. 1 
73.9 
PERCENT OF 1977 
OUTPUT 
ANN. 
OCT 
NOV 
DEC 
Q 1 
Q 2 
Q 3 
Q 4 
AVG. 
115.6 
115.5 
115.4 
116.6 
116.3 
115.9 
115.5 
116. 1 
115.6 
115.6 
115.6 
115.4 
115.4 
115.5 
115.6 
115.5 
116.6 
116.7 
116.7 
115.8 
116. 1 
116.4 
116.7 
116.2 
115.3 
115. 1 
114.9 
116.6 
116.1 
115.6 
115. 1 
115.8 
115.5 
115.5 
115.6 
115.0 
115. 1 
115.3 
115.5 
115.2 
116.4 
116.5 
116.6 
115.8 
116.0 
116.2 
116.5 
116. 1 
117.9 
118.0 
118.2 
116.8 
117.2 
117.6 
118.0 
117.4 
121.2 
121.5 
121.8 
118.7 
119.6 
120.6 
121.5 
120. 1 
121.8 
121.8 
121.8 
121.9 
121.9 
121.8 
121.8 
121.8 
122.4 
122.4 
122.5 
121.8 
122.0 
122.2 
122.4 
122.1 
123.8 
123.9 
124.0 
122.7 
123. 1 
123.5 
123.9 
123.3 
122.8 
122.6 
122.5 
123.9 
123.5 
123.0 
122.6 
123.3 
121. 1 
121.0 
120.8 
122.2 
121.8 
121.4 
121.0 
121.6 
120.3 
120.3 
120.2 
120.7 
120.6 
120.4 
120.3 
120.5 
120.0 
120.0 
120.0 
120.2 
120.1 
120.1 
120.0 
120. 1 
119. 1 
119.0 
118.9 
119.9 
119.6 
119.3 
119.0 
119.4 
113.4 
112.8 
112.2 
118.0 
116.3 
114.5 
112.8 
115.4 
106.4 
105.8 
105.2 
111.1 
109.3 
107.6 
105.8 
108.4
	        
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