Table 8
 DIFFUSION INDEXES OF INDUSTRIAL PRODUCTION
 Percent
 
 Year       Jan.    Feb.    Mar.    Apr.     May    June    July    Aug.   Sept.    Oct.    Nov.    Dec.
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 One Month Earlier
  1998     56.2    51.4    51.1    50.9    49.6    41.7    53.6    52.5    48.6    55.1    48.2    50.0 
  1999     53.6    56.5    55.4    59.4    55.1    50.7    58.2    55.8    48.6    64.5    53.3    59.8 
  2000     58.7    50.4    56.5    51.4    51.4    56.2    54.2    43.5    54.0    42.4    40.9 
 
 Three Months Earlier
  1998     63.4    56.9    61.2    56.9    59.4    46.7    50.0    49.6    54.0    55.4    48.6    50.7 
  1999     52.9    56.9    56.5    56.5    55.8    58.0    56.2    63.4    58.0    62.0    58.3    62.7 
  2000     61.2    62.0    59.8    56.2    54.0    52.9    49.6    44.9    48.9    43.8    44.6 
 
 Six Months Earlier
  1998     65.6    65.2    64.9    61.2    60.5    56.5    56.2    56.9    52.2    54.0    50.0    50.0 
  1999     59.1    53.3    56.2    54.3    58.0    59.8    60.1    60.1    61.6    67.4    62.7    62.7 
  2000     68.1    65.9    68.1    64.1    60.0    55.4    49.6    43.8    47.5    44.6    40.6 
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 Note:  The diffusion indexes are calculated as the percentage of series that increased over the indicated
        span (one, three, or six months) plus one-half the percentage that were unchanged.