Board of Governors of the Federal Reserve System

1.4 5.7 Major industry groups Manufacturing (see note below) 99.1 99.5...99.5 99.8 100.6 100.2 .3 .4 .3 .7 -.4 Mining 127.7 129.0 130.9 130.8 131.3

99.4 99.8 98.9 97.1 100.1 99.1 | 98.0 94.8 93.5 92.7 96.6 98.3 Fluid milk...99.3 99.4 97.4 101.2 103.2 | 95.9 102.0 101.6 103.2 101.4 101.2 Beef 311611

1.4 5.7 Major industry groups Manufacturing (see note below) 99.1 99.5...99.5 99.8 100.6 100.2 .3 .4 .3 .7 -.4 Mining 127.7 129.0 130.9 130.8 131.3

.4 A growing literature in transportation economics studies the relative...payment-to-income ratio, loan-to-value, and income) and absorbs calendar

99.6 99.2 99.8 97.2 98.1 | 100.7 100.4 97.7 101.7 99.3 94.5 | | | | Wood...99.4 93.6 92.4 | 100.6 99.4 96.5 93.6 | | | | Paper | 322 | 2.68 | 98.3

4 percent range. Some worker reductions are occurring. A major manufacturing...4,000 to 4,500 persons as part of a restructuring hastened by overall

60.4 59.6 43.0 Converted fuel 4.71 102.4 104.9 102.7 105.2 98.9 97.5 99.1...99.6 89.3 Durable 32.84 106.0 105.8 105.4 105.9 106.4 105.4 105.1 100.5

99.0 99.1 99.3 99.5 99.6 99.8 100.0 100.1 100.3 100.5 100.7 99.0 99.5 ...99.7 1994 100.9 101.1 101.3 101.5 101.8 102.0 102.3 102.6 102.9 103.2

98.4 100.1 99.7 100.2 100.1 | 98.0 99.4 100.1 100.3 102.2 102.2 Other ...99.5 | 99.4 100.4 99.8 100.1 100.1 Converted paper product | 3222 | 1.34

81.4 percent, a level about 1/2 percentage point below its 1967-99 average...99.5 99.9 99.1 100.0 | -.2 .5 -.9 1.0 | 2.6 Utilities | 113.5 117.7 118.6