Board of Governors of the Federal Reserve System

Seasonally adjusted

Sector	Annualized Change		2012=100						Percent change
	2016 Q4	2017 Q1	2016 Dec.	2017					2016 Dec.	2017
				Jan.	Feb.	Mar.	Apr.	May		Jan.	Feb.	Mar.	Apr.	May
Total index
85th percentile	.70	1.98	103.77	103.52	103.85	104.06	105.38	105.43	.80	-.23	.36	.30	1.42	.31
Current estimate	.70	1.53	103.77	103.46	103.74	103.86	105.03	105.03	.80	-.29	.27	.11	1.13	.00
15th percentile	.70	1.13	103.77	103.40	103.63	103.68	104.80	104.64	.80	-.35	.17	.00	.91	-.29
Manufacturing (SIC)
85th percentile	1.62	2.75	102.58	103.05	103.48	102.74	103.99	103.75	.18	.46	.45	-.66	1.29	-.09
Current estimate	1.62	2.27	102.58	102.99	103.36	102.56	103.70	103.31	.18	.40	.36	-.77	1.11	-.37
15th percentile	1.62	1.89	102.58	102.93	103.24	102.37	103.44	102.90	.18	.34	.25	-.90	.96	-.67
Mining
85th percentile	6.62	15.36	101.85	103.47	107.34	106.98	109.16	110.98	-.41	1.59	3.87	-.05	2.38	2.47
Current estimate	6.62	14.11	101.85	103.32	107.02	106.41	108.02	109.71	-.41	1.44	3.58	-.57	1.51	1.57
15th percentile	6.62	12.75	101.85	103.21	106.70	105.82	106.99	108.46	-.41	1.33	3.26	-1.01	.93	.66
Electric and gas utilities
85th percentile	-11.43	-16.25	106.15	98.55	93.85	102.11	104.04	104.48	6.87	-7.16	-4.75	9.13	2.49	2.21
Current estimate	-11.43	-17.39	106.15	98.53	93.80	101.44	102.19	102.64	6.87	-7.18	-4.81	8.15	.73	.45
15th percentile	-11.43	-18.39	106.15	98.51	93.71	101.07	100.97	101.58	6.87	-7.20	-4.88	7.92	-.57	-1.22

The reliability measures show the likely range of values for the IP indexes after their fifth and final monthly
revision. The 15th (85th) percentile estimate is equal to the current estimate plus an amount such that the
equivalent measure revised by a lower (higher) amount for only 15 percent of the months since 2008. More
information is available at https://www.federalreserve.gov/releases/g17/g17_technical_qa.htm