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Business
Production up Again in May
June 28, 2004
| A version of this story appeared in
Volume 82, Issue 26
May represents the fourth straight month of increased chemical production, according to seasonally adjusted data from the Federal Reserve Board. Output in May rose 0.6% over April to an index of 110.4 (1997 = 100) and was 5.7% greater than in the same month in 2003. Production of basic chemicals rose 0.8% from April and 3.5% from May of last year to an index of 96.5. The government's estimate of capacity utilization for all chemicals increased to 75.6% in May from 75.3% in April and 72.5% in May 2003.
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