![]() Source: Energy Information Administration and Federal Reserve Board. |
This chart presents indices of 14 years (1980-1994) of historical data of manufacturing production indexes and Purchased (Offsite-Produced) Energy consumption, using 1992 as the base year (1992 = 100). Indexing both energy consumption and production best illustrates the trends in output and consumption. Taken separately, these two indices track the relative growth rates within the specified industry. Taken together, they reveal trends in energy efficiency. For example, a steady increase in output, coupled with a decline in energy consumption, represents energy efficiency gains. Likewise, steadily rising energy consumption with a corresponding decline in output illustrates energy efficiency losses. The Manufacturing Energy Consumption Survey (MECS) supplied energy consumption data for 1985, 1988, 1991 and 1994. Energy consumption data for the intervening years were calculated using the methodology presented in the EIA publication Derived Annual Estimates of Manufacturing Energy Consumption 1988-1994. That report used two-way indexing as a means to linearly interpolate between the forward-index and backward-index estimates; that is, the two-way indexed estimate is the weighted average of the estimates obtained by forward and backward indexing, with higher weight given to the closer end-point year. The Federal Reserve provided production indexes. |
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