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.