Aircraft, commercial shipping watercraft, and rail equipment usually already have a buyer before fabrication starts. Buyers of high-cost transportation equipment generally base the amount of their order on the level of expected demand for transportation services.
|Industrial Production Index (1992=100)||Nov-01||Dec-01|
|Ships and boats||103.16||104.94|
|Percent change from previous month||0.58||1.73|
|Railroad and other transportation equipment||88.20||89.72|
|Percent change from previous month||-1.37||1.72|
|Aircraft and parts||90.35||85.41|
|Percent change from previous month||-4.09||-5.47|
NOTES: These numbers represent the following Standard Industrial Classification groupings: Aircraft and parts (372), Ships and boats (373), and Rail and other transportation equipment (374-6,9). The numbers for automotive industries (371) are on the page entitled Industry Production Indices for Automotive Transportation Equipment.
Data from September to December 2001 are preliminary.
SOURCE: Federal Reserve, "Industrial Production and Capacity Utilization" Statistical Release; Feb. 15, 2002; available at: http://www.federalreserve.gov/releases/g17/download.htm.