-->>Summary of December-to-December and 3-month seasonally adjusted annual rates for selected
>stages of process
> ______________________________________________________________________________________________
>| | Percentage | |
>| | change 12 | Seasonally adjusted annual rate for |
>| | months ended | 3 months ended |
>| Grouping | December | |
>| |--------------------|-----------------------------------------|
>| | 2001 | 2002 | 2003 |June 2003|Sept. 2003|Dec. 2003 |Mar. 2004|
>|----------------------------------------------------------------------------------------------|
>Finished goods -1.6 1.2 4.0 -5.2 3.1 2.8 5.1
> Finished consumer foods 1.8 -.6 7.7 5.4 6.8 8.1 1.1
> Finished energy goods -17.1 12.3 11.5 -26.8 7.3 1.6 23.5
> Finished goods less foods
> and energy.9 -.5 1.0 -1.8 1.1 1.3 2.1
> Finished consumer goods,
> excluding foods and energy 1.5 -.5 1.0 -2.0.8 1.3 2.3
> Capital equipment 0 -.6.9 -1.7 1.2 1.4 2.3
>
>Intermediate materials, supplies,
>and components -4.0 3.2 3.9 -9.3 2.7 2.7 10.1
> Intermediate foods and feeds.3 4.2 12.7 13.1 8.6 20.9 8.6
> Intermediate energy goods -16.9 12.0 10.9 -40.0 7.9 -.7 16.3
> Intermediate materials less
> foods and energy -1.6 1.5 2.1 -.6.9 2.6 8.9
> Materials for nondurable
> manufacturing -5.5 4.2 5.1 -7.5 -2.3 5.4 9.9
> Materials for durable
> manufacturing -4.0 3.1 3.9 -.6 5.8 8.7 29.7
> Materials and components
> for construction 0.8 3.0 1.1 5.9 2.6 12.9
>Crude materials for further
>processing -32.5 24.7 18.5 -37.0 -4.6 23.6 26.3
> Foodstuffs and feedstuffs -7.6 4.5 24.0 10.2 37.0 36.4 13.9
> Crude energy materials -52.9 61.5 12.3 -62.9 -38.7 3.2 24.3
> Crude nonfood materials less
> energy -9.9 12.6 20.8 -4.5 29.4 46.2 57.2
>NOTE: Late reports and corrections by respondents may cause some indexes to change 4 months
>after original publication. In addition, seasonally adjusted indexes may be revised for 5
>years, due to the recalculation of seasonal factors each January.

-->Summary of December-to-December and 3-month seasonally adjusted annual rates for selected
stages of process
<pre> ______________________________________________________________________________________________
| | Percentage | |
| | change 12 | Seasonally adjusted annual rate for |
| | months ended | 3 months ended |
| Grouping | December | |
| |--------------------|-----------------------------------------|
| | 2001 | 2002 | 2003 |June 2003|Sept. 2003|Dec. 2003 |Mar. 2004|
|----------------------------------------------------------------------------------------------|
Finished goods -1.6 1.2 4.0 -5.2 3.1 2.8 5.1
Finished consumer foods 1.8 -.6 7.7 5.4 6.8 8.1 1.1
Finished energy goods -17.1 12.3 11.5 -26.8 7.3 1.6 23.5
Finished goods less foods
and energy.9 -.5 1.0 -1.8 1.1 1.3 2.1
Finished consumer goods,
excluding foods and energy 1.5 -.5 1.0 -2.0.8 1.3 2.3
Capital equipment 0 -.6.9 -1.7 1.2 1.4 2.3

Intermediate materials, supplies,
and components -4.0 3.2 3.9 -9.3 2.7 2.7 10.1
Intermediate foods and feeds.3 4.2 12.7 13.1 8.6 20.9 8.6
Intermediate energy goods -16.9 12.0 10.9 -40.0 7.9 -.7 16.3
Intermediate materials less
foods and energy -1.6 1.5 2.1 -.6.9 2.6 8.9
Materials for nondurable
manufacturing -5.5 4.2 5.1 -7.5 -2.3 5.4 9.9
Materials for durable
manufacturing -4.0 3.1 3.9 -.6 5.8 8.7 29.7
Materials and components
for construction 0.8 3.0 1.1 5.9 2.6 12.9

Crude materials for further
processing -32.5 24.7 18.5 -37.0 -4.6 23.6 26.3
Foodstuffs and feedstuffs -7.6 4.5 24.0 10.2 37.0 36.4 13.9
Crude energy materials -52.9 61.5 12.3 -62.9 -38.7 3.2 24.3
Crude nonfood materials less
energy -9.9 12.6 20.8 -4.5 29.4 46.2 57.2
</pre>
NOTE: Late reports and corrections by respondents may cause some indexes to change 4 months
after original publication. In addition, seasonally adjusted indexes may be revised for 5
years, due to the recalculation of seasonal factors each January.

-->>Summary of December-to-December and 3-month seasonally adjusted annual rates for selected
>stages of process
> ______________________________________________________________________________________________
>| | Percentage | |
>| | change 12 | Seasonally adjusted annual rate for |
>| | months ended | 3 months ended |
>| Grouping | December | |
>| |--------------------|-----------------------------------------|
>| | 2001 | 2002 | 2003 |June 2003|Sept. 2003|Dec. 2003 |Mar. 2004|
>|----------------------------------------------------------------------------------------------|
>Finished goods -1.6 1.2 4.0 -5.2 3.1 2.8 5.1
> Finished consumer foods 1.8 -.6 7.7 5.4 6.8 8.1 1.1
> Finished energy goods -17.1 12.3 11.5 -26.8 7.3 1.6 23.5
> Finished goods less foods
> and energy.9 -.5 1.0 -1.8 1.1 1.3 2.1
> Finished consumer goods,
> excluding foods and energy 1.5 -.5 1.0 -2.0.8 1.3 2.3
> Capital equipment 0 -.6.9 -1.7 1.2 1.4 2.3
>
>Intermediate materials, supplies,
>and components -4.0 3.2 3.9 -9.3 2.7 2.7 10.1
> Intermediate foods and feeds.3 4.2 12.7 13.1 8.6 20.9 8.6
> Intermediate energy goods -16.9 12.0 10.9 -40.0 7.9 -.7 16.3
> Intermediate materials less
> foods and energy -1.6 1.5 2.1 -.6.9 2.6 8.9
> Materials for nondurable
> manufacturing -5.5 4.2 5.1 -7.5 -2.3 5.4 9.9
> Materials for durable
> manufacturing -4.0 3.1 3.9 -.6 5.8 8.7 29.7
> Materials and components
> for construction 0.8 3.0 1.1 5.9 2.6 12.9
>Crude materials for further
>processing -32.5 24.7 18.5 -37.0 -4.6 23.6 26.3
> Foodstuffs and feedstuffs -7.6 4.5 24.0 10.2 37.0 36.4 13.9
> Crude energy materials -52.9 61.5 12.3 -62.9 -38.7 3.2 24.3
> Crude nonfood materials less
> energy -9.9 12.6 20.8 -4.5 29.4 46.2 57.2
>NOTE: Late reports and corrections by respondents may cause some indexes to change 4 months
>after original publication. In addition, seasonally adjusted indexes may be revised for 5
>years, due to the recalculation of seasonal factors each January.

-->
<ul> ~ Greenspan Isn't Worried -- Yet </ul>