Board of Governors of the Federal Reserve System

Annual Rates of Change for Industrial Production [1]

Item	Revised Growth Rates					Difference between revised and earlier rates (percentage points)
	2014	2015	2016	2017	2018	2014	2015	2016	2017	2018
Total IP	3.1	-1.0	-2.0	2.3	3.9	.0	.0	.0	.7	-.2
MARKET GROUP
Consumer goods	.8	1.4	.6	.5	2.1	.0	.0	.0	.5	-.3
Durable	4.9	3.9	2.2	1.5	2.2	.0	.0	.0	1.5	-.4
Nondurable	-.3	.7	.1	.3	2.1	.0	.0	-.1	.3	-.2
Business equipment	1.8	-2.0	-5.3	3.6	3.2	.0	.0	.0	.4	.2
Defense and space equipment	-3.4	-2.4	-2.8	2.1	2.4	.0	.0	.0	1.8	-.5
Construction supplies	3.2	.7	.9	3.5	2.8	.0	.0	.0	.9	-.6
Business supplies	1.0	-1.3	.6	2.3	.9	.0	.1	.1	1.8	-.4
Materials	5.0	-1.5	-3.0	2.7	5.9	.0	.0	-.1	.7	-.1
Non-energy	1.9	-1.8	-1.1	2.0	3.1	.0	.0	.0	.5	.1
Energy	8.5	-1.2	-6.0	4.0	10.1	.0	.1	-.2	.9	-.3
INDUSTRY GROUP
Manufacturing[2]	1.1	-.5	-.8	2.0	2.3	.0	.0	.0	.7	-.1
Manufacturing (NAICS)	1.2	-.4	-.7	2.0	2.7	.0	.0	.0	.6	.0
Durable manufacturing	2.9	-1.1	-2.1	2.2	3.4	.0	.0	.0	.7	.1
Nondurable manufacturing	-.6	.3	.8	1.9	1.9	.0	.0	.0	.4	-.1
Other manufacturing (non-NAICS)	-1.3	-3.7	-2.6	-.6	-9.9	.0	.0	.0	6.3	-2.8
Mining	10.8	-3.3	-9.9	7.4	12.4	.0	.1	-.2	.9	-.3
Utilities	1.3	-.7	-.4	-.8	4.4	.0	.0	.0	.5	-.4

[1] The rates of change are calculated as the percent change in the annual averages of not seasonally adjusted industrial production indexes rather than as the percent change between the fourth quarter of one year and the fourth quarter of the next.
[2] See footnote 2 to table 2.