
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) | Dec-01 | Jan-02 |
|---|---|---|
| Ships and boats | 103.84 | 105.06 |
| Percent change from previous month | 0.58 | 1.18 |
| Railroad and other transportation equipment | 89.18 | 86.62 |
| Percent change from previous month | 1.03 | -2.87 |
| Aircraft and parts | 85.93 | 83.55 |
| Percent change from previous month | -4.70 | -2.77 |
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 October 2001 to January 2002 are preliminary.
SOURCE: Federal Reserve, "Industrial Production and Capacity Utilization" Statistical Release; Mar. 15, 2002; available at: http://www.federalreserve.gov/releases/g17/download.htm.