Quarterly Business Review
3rd Quarter, 1998

                         TABLE 1: TOTAL GROSS BUSINESS INCOME                (PAGE 1 OF 3)             
                                  STATEWIDE BY INDUSTRY (SIC)                              
                                  3RD QUARTER, 1997 AND 1998                               
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                                           CURRENT     3RD QUARTER,   3RD QUARTER, PERCENT 
INDUSTRY AND SIC NUMBER                     UNITS          1997           1998     CHANGE  
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AGRICULTURE, FORESTRY AND FISHING..........   5,129    $539,931,202    $577,056,805    6.9% 
  AGRICULTURAL SERVICES 07.................   4,509     341,735,489     384,929,575   12.6 
  FORESTRY 08..............................     209      51,451,373      51,806,167    0.7 
  FISHING, HUNTING & TRAPPING 09...........      94      62,232,859      44,272,544  -28.9 
  OTHER AGRICULTURE........................     317      84,511,481      96,048,519   13.7 
MINING AND QUARRYING.......................     110      95,077,599     116,835,743   22.9 
  METAL MINING 10..........................      13      12,352,652       9,605,657  -22.2 
  SAND AND GRAVEL 144......................      36      18,976,215      53,130,918  180.0 
  OTHER MINING AND QUARRYING...............      61      63,748,732      54,099,168  -15.1 
CONTRACT CONSTRUCTION......................  27,724   5,692,792,478   6,293,424,332   10.6 
  GENERAL BUILDING CONTRACTORS 15..........   9,549   2,249,354,515   2,563,517,843   14.0 
  HEAVY CONSTRUCTION (INCL. HIGHWAYS) 16...   1,168     877,666,369     904,332,351    3.0 
  SPECIAL TRADE CONTRACTORS 17.............  17,007   2,565,771,594   2,825,574,138   10.1 
    PLUMBING AND HEATING 171...............   2,107     462,690,706     525,611,304   13.6 
    ELECTRICAL 173.........................   1,728     478,990,725     506,792,871    5.8 
    MASONRY 174............................   1,603     258,534,023     276,797,840    7.1 
    OTHER TRADE CONTRACTORS................  11,569   1,365,556,140   1,516,372,123   11.0 
MANUFACTURING..............................   7,371  17,955,745,396  19,709,991,523    9.8 
  FOOD PRODUCTS 20.........................     326   2,293,792,683   2,229,919,153   -2.8 
    MEAT PRODUCTS 201......................      28     425,518,875     389,480,782   -8.5 
    DAIRY PRODUCTS 202.....................      20     269,300,534     293,925,251    9.1 
    CANNING AND PRESERVING 203.............      50     463,568,068     438,381,047   -5.4 
    GRAIN MILL PRODUCTS 204................      30     214,634,003     213,916,822   -0.3 
    BAKERY PRODUCTS 205....................      22      55,848,552      51,052,036   -8.6 
    CONFECTIONERY PRODUCTS 206.............      16      20,343,041      16,796,255  -17.4 
    BEVERAGES 208..........................      79     292,187,806     294,304,418    0.7 
    MISCELLANEOUS FOOD PRODUCTS............      81     552,391,804     532,062,542   -3.7 
  APPAREL AND TEXTILES 22, 23..............     229     167,729,672     173,496,346    3.4 
    MEN'S, YOUTHS', AND BOYS' 231, 232.....      20      54,745,267      61,703,949   12.7 
    WOMEN'S, MISSES', & JUNIORS' 233, 234..      10      12,398,002       4,969,953  -59.9 
    OTHER APPAREL AND TEXTILES.............     199     100,586,403     106,822,444    6.2 
  LUMBER AND WOOD PRODUCTS 24..............   1,755   2,157,489,470   1,998,553,371   -7.4 
    LOGGING CAMPS AND CONTRACTORS 241......     907     520,227,425     435,506,541  -16.3 
    SAWMILLS AND PLANING MILLS 242.........     193     898,062,503     774,053,418  -13.8 
    OTHER WOOD PRODUCTS....................     655     739,199,542     788,993,412    6.7 
  FURNITURE AND FIXTURES 25................     243      89,177,181     106,398,652   19.3 
    HOUSEHOLD FURNITURE 251................     169      31,044,139      37,194,708   19.8 
    OTHER FURNITURE AND FIXTURES...........      74      58,133,042      69,203,944   19.0 
  PAPER AND ALLIED PRODUCTS 26.............      74     819,432,679     875,328,509    6.8 
    PULP/PAPER MILLS 261, 262, 263.........      23     618,191,218     648,873,548    5.0 
    PAPERBOARD CONTAINERS 265..............      22      86,827,915     122,229,690   40.8 
    CONVERTED PAPER PRODUCTS 267...........      29     114,413,546     104,225,271   -8.9 
  PRINTING, PUBLISHING, ETC. 27............   1,346     724,429,466     726,834,043    0.3 
    NEWSPAPERS 271.........................     139     241,518,081     263,298,920    9.0 
    PERIODICALS AND BOOKS 272-274..........     497     188,612,903     165,071,598  -12.5 
    COMMERCIAL PRINTING 275................     625     268,932,812     269,993,265    0.4 
    OTHER PRINTING.........................      85      25,365,670      28,470,260   12.2 
  CHEMICALS AND ALLIED PRODUCTS 28.........     150     378,873,502     391,247,280    3.3 
    CHEMICALS AND PLASTICS 281, 282........      44     161,546,521     165,548,384    2.5 
    DRUGS 283..............................      21      16,951,368      20,408,656   20.4 
    OTHER CHEMICAL PRODUCTS 284-289........      85     200,375,613     205,290,240    2.5 
  PETROLEUM REFINING 29....................      20     432,916,272     340,523,270  -21.3 
  RUBBER AND PLASTICS PRODUCTS 30..........     141     186,371,199     182,620,837   -2.0 
  LEATHER AND LEATHER PRODUCTS 31..........      19      17,678,171      17,905,659    1.3 
  STONE/CLAY/GLASS/CONCRETE PRODUCTS 32....     196     342,580,550     359,237,169    4.9 
  PRIMARY METAL INDUSTRIES 33..............     111   1,072,100,995     986,813,013   -8.0 
    IRON & STEEL FOUNDRIES, MILLS 331, 332.      55     141,969,490     162,634,955   14.6 
    PRIMARY SMELTING/NONFERR0US METALS 333.       6     581,117,426     492,367,127  -15.3 
    FOUNDRIES, NONFERROUS METALS 334-339...      50     349,014,079     331,810,931   -4.9 
  FABRICATED METAL PRODUCTS 34.............     477     511,679,262     575,165,045   12.4 
    CANS 341...............................       3      71,233,736      81,051,021   13.8 
    STRUCTURAL PRODUCTS 344................     227     211,230,185     227,968,506    7.9 
    OTHER FABRICATED METAL PRODUCTS........     247     229,215,341     266,145,518   16.1 

                                                                                          
                                                                                           
                                                                                           
(PAGE 2 OF 3)            TABLE 1: TOTAL GROSS BUSINESS INCOME                 
                                  STATEWIDE BY INDUSTRY (SIC)                              
                                  3RD QUARTER, 1997 AND 1998                               
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                                           CURRENT     3RD QUARTER    3RD QUARTER  PERCENT 
INDUSTRY AND SIC NUMBER                     UNITS          1997           1998     CHANGE  
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  MACHINERY, EXCEPT ELECTRIC 35............     855     803,671,397     886,955,649   10.4 
    FARM MACHINERY AND EQUIPMENT 352.......      16       6,793,846       5,939,410  -12.6 
    CONSTRUCTION & HANDLING EQUIPMENT 353..      58     114,335,710     124,241,157    8.7 
    SPECIAL INDUSTRIAL MACHINERY 355.......      68     134,235,594     128,090,656   -4.6 
    OTHER MACHINERY........................     713     548,306,247     628,684,426   14.7 
  ELECTRICAL MACHINERY AND SUPPLIES 36.....     201     702,313,003     629,698,216  -10.3 
  TRANSPORTATION EQUIPMENT 37..............     534   6,673,097,793   8,609,711,921   29.0 
    MOTOR VEHICLES AND EQUIPMENT 371.......      75      74,717,728      49,550,602  -33.7 
    AIRCRAFT AND PARTS 372.................      89   6,098,878,755   7,945,003,141   30.3 
    SHIP AND BOAT BUILDINGS 373............     318     170,112,706     189,738,785   11.5 
    OTHER TRANSPORTATION EQUIPMENT 374-379.      52     329,388,604     425,419,393   29.2 
  PROFESSIONAL & SCIENTIFIC INSTRUMENTS 38.     178     363,548,385     403,147,585   10.9 
  MISCELLANEOUS MANUFACTURING 39...........     516     218,863,716     216,435,805   -1.1 
TRANSPORTATION AND ALLIED SERVICES.........   3,960   1,888,091,859   1,872,581,592   -0.8 
  RAILROADS 40.............................      13     170,187,924     152,308,316  -10.5 
  LOCAL AND SUBURBAN TRANSIT 41............     277      84,118,778      90,411,678    7.5 
  MOTOR FREIGHT AND WAREHOUSING 42.........   2,494     913,609,648     940,595,031    3.0 
  WATER TRANSPORTATION 44..................     324     396,384,225     307,946,872  -22.3 
  AIR TRANSPORTATION SERVICES 45...........     214      71,801,869     149,131,256  107.7 
  TRANSPORTATION SERVICES 46, 47...........     638     251,989,415     232,188,439   -7.9 
COMMUNICATION AND UTILITIES................   1,533   3,485,810,062   3,639,862,043    4.4 
  COMMUNICATION 48.........................     781   1,561,040,968   1,618,028,756    3.7 
  ELECTRIC COMPANIES 491...................      65     828,112,448     950,938,514   14.8 
  GAS COMPANIES 492........................      11      35,909,253      28,946,903  -19.4 
  WATER COMPANIES 494......................     398     253,805,644     278,442,245    9.7 
  OTHER UTILITIES..........................     278     806,941,749     763,505,625   -5.4 
WHOLESALE TRADE............................  14,362  21,698,125,690  20,448,725,288   -5.8 
  DURABLE GOODS 50.........................   9,318  11,647,964,808  11,580,542,860   -0.6 
    MOTOR VEHICLES AND AUTO EQUIPMENT 501..     769   1,941,989,384   1,890,152,208   -2.7 
    FURNITURE AND HOME FURNISHINGS 502.....     411     397,996,265     422,441,360    6.1 
    LUMBER AND CONSTRUCTION MATERIALS 503..     793   1,262,254,261   1,280,705,601    1.5 
    PROF/COMM. EQUIP & SUPPLIES 504........   2,016   2,041,511,709   1,996,589,875   -2.2 
    ELECTRICAL GOODS 506...................   1,159   1,750,103,531   1,918,484,459    9.6 
    HARDWARE/PLUMBING/HEATING SUPPLIES 507.     585     536,566,466     576,310,103    7.4 
    MACHINERY AND EQUIPMENT 508............   2,282   2,145,568,047   2,041,657,362   -4.8 
    OTHER WHOLESALERS 505, 509.............   1,303   1,571,975,145   1,454,201,892   -7.5 
  NONDURABLE GOODS 51......................   5,044  10,050,160,882   9,186,598,017   -8.6 
    PAPER AND PAPER PRODUCTS 511...........     400     600,101,192     430,723,228  -28.2 
    DRUGS AND SUNDRIES 512.................     235     844,166,355     926,470,649    9.7 
    APPAREL, PIECE GOODS AND NOTIONS 513...     318     401,370,963     511,880,600   27.5 
    GROCERIES AND RELATED PRODUCTS 514.....   1,375   3,102,740,727   3,015,466,966   -2.8 
    FARM-PRODUCT RAW MATERIALS 515.........      97     505,795,044     112,282,241  -77.8 
    CHEMICALS AND ALLIED PRODUCTS 516......     350     696,220,755     718,105,603    3.1 
    PETROLEUM AND PETROLEUM PRODUCTS 517...     243   2,289,793,095   1,845,027,692  -19.4 
    MISCELLANEOUS NONDURABLE GOODS.........   2,026   1,609,972,751   1,626,641,038    1.0 
RETAIL TRADE...............................  40,968  17,634,760,212  18,967,911,266    7.6 
  BLDG. MATERIALS, HARDWARE 52.............   2,201   1,332,381,529   1,381,358,332    3.7 
    LUMBER AND BLDG. MATERIALS 521.........     771     703,164,710     722,566,462    2.8 
    PAINT, GLASS, WALLPAPER 523............     200     101,845,592     111,548,272    9.5 
    HARDWARE STORES 525....................     514     321,095,618     338,540,696    5.4 
    NURSERIES, GARDEN SUPPLIES 526.........     593      88,156,959      88,019,663   -0.2 
    MOBILE HOME DEALERS 527................     123     118,118,650     120,683,239    2.2 
    OTHER 522, 524.........................      -          -               -          0.0 
  GENERAL MERCHANDISE STORES 53............     329   1,736,049,614   1,885,830,534    8.6 
    DEPARTMENT STORES 531..................      34     860,056,374     864,803,732    0.6 
    VARIETY STORES 533.....................      98     615,799,518     719,807,231   16.9 
    OTHER GENERAL MERCHANDISE..............     197     260,193,722     301,219,571   15.8 
  FOOD STORES 54...........................   3,639   3,259,557,838   3,475,372,178    6.6 
    GROCERY STORES 541.....................   2,532   3,032,348,906   3,187,281,151    5.1 
    FRUIT/VEGETABLE/MEAT MARKETS 542, 543..     316      88,470,815      89,627,776    1.3 
    CANDY, NUT AND CONFECTIONERY 544.......      87      11,895,064      10,818,413   -9.1 
    DAIRY PRODUCTS 545.....................      43       7,919,168       9,207,974   16.3 
    BAKERIES 546...........................     295      38,022,666      93,197,306  145.1 
                                                                                          
                                                                                           
                                                                                           
                         TABLE 1: TOTAL GROSS BUSINESS INCOME                (PAGE 3 OF 3)              
                                  STATEWIDE BY INDUSTRY (SIC)                              
                                  3RD QUARTER, 1997 AND 1998                               
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                                           CURRENT     3RD QUARTER    3RD QUARTER  PERCENT 
INDUSTRY AND SIC NUMBER                     UNITS          1997           1998     CHANGE  
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    OTHER FOOD STORES 549..................     366      80,901,219      85,239,558    5.4 
  AUTOMOTIVE DEALERS & GAS STATIONS 55.....   3,923   4,502,711,058   4,791,733,220    6.4 
    AUTO DEALERS (NEW & USED) 551, 552.....   1,429   2,810,893,193   2,981,808,886    6.1 
    ACCESSORY DEALERS 553..................     879     409,957,272     553,151,541   34.9 
    SERVICE STATIONS 554...................     993     918,848,634     833,035,032   -9.3 
    MARINE, AIRCRAFT, ETC..................     622     363,011,959     423,737,761   16.7 
  APPAREL AND ACCESSORIES 56...............   1,546     904,005,412     907,220,648    0.4 
    CLOTHING 561-565.......................     952     742,382,062     740,043,767   -0.3 
    SHOES 566..............................     158      72,122,438      69,777,436   -3.3 
    OTHER ACCESSORIES 569..................     436      89,500,912      97,399,445    8.8 
  FURNITURE, FURNISHINGS & EQUIPMENT 57....   4,083   1,733,760,064   2,070,091,635   19.4 
    FURNITURE 571..........................   1,681     435,656,497     487,071,697   11.8 
    APPLIANCES 572.........................     303     135,974,510     143,607,265    5.6 
    ELECTRONICS/MUSIC STORES 573 ..........   2,099   1,162,129,057   1,439,412,673   23.9 
  EATING AND DRINKING PLACES 58............   9,888   1,533,334,010   1,603,656,664    4.6 
  MISCELLANEOUS RETAIL 59..................  15,359   2,632,960,687   2,852,648,055    8.3 
    DRUG STORES 591........................     396     513,166,828     540,954,897    5.4 
    MISCELLANEOUS SHOPPING GOODS 594.......   3,508     771,524,099     776,045,561    0.6 
    NONSTORE RETAILERS 596.................   2,417     353,974,640     380,734,676    7.6 
    FUEL DEALERS 598.......................     152     134,032,725     122,860,975   -8.3 
    OTHER RETAIL STORES....................   8,886     860,262,395   1,032,051,946   20.0 
FINANCE, INSURANCE AND REAL ESTATE.........   7,044   4,021,909,195   3,765,969,084   -6.4 
  FINANCE 60-62............................   1,657   2,492,933,234   2,026,733,729  -18.7 
  INSURANCE 63-64..........................   2,097     791,894,693     919,529,005   16.1 
  REAL ESTATE 65...........................   3,148     583,352,930     679,939,527   16.6 
  OTHER FINANCE 67.........................     142     153,728,338     139,766,823   -9.1 
SERVICES AND OTHER BUSINESS................  59,473  13,268,709,492  14,417,099,285    8.7 
  HOTELS, MOTELS, ETC. 70..................   1,667     453,087,522     455,501,514    0.5 
  PERSONAL SERVICES 72.....................   5,453     300,245,115     317,815,861    5.9 
    LAUNDRIES, CLEANERS 721................   1,647     131,762,075     138,002,127    4.7 
    PHOTOGRAPHIC STUDIOS 722...............     581      28,742,834      29,474,333    2.5 
    BARBER AND BEAUTY SHOPS 723, 724.......   2,430      79,981,212      86,554,023    8.2 
    FUNERAL SERVICES 726...................     132      26,721,011      27,120,489    1.5 
    OTHER PERSONAL SERVICES................     663      33,037,983      36,664,889   11.0 
  BUSINESS SERVICES 73.....................  15,247   4,833,407,318   5,351,282,590   10.7 
    ADVERTISING 731........................     550     150,462,726     163,861,817    8.9 
    CREDIT AND COLLECTION AGENCIES 732.....     142      32,062,094      34,022,654    6.1 
    SERVICES TO DWELLINGS AND BLDGS. 734...   1,686     118,256,607     125,880,116    6.4 
    COMPUTER SERVICES 737 .................   3,176   2,117,629,863   2,179,719,230    2.9 
    OTHER BUSINESS SERVICES................   9,693   2,414,996,028   2,847,798,773   17.9 
  AUTOMOTIVE REPAIR, SERVICES 75...........   5,326     870,060,718     934,521,790    7.4 
    RENTAL AND LEASING 751.................     378     337,041,306     370,909,438   10.0 
    REPAIR SHOPS 753.......................   4,096     443,302,072     464,892,628    4.9 
    OTHER AUTOMOTIVE SERVICES..............     852      89,717,340      98,719,724   10.0 
  MISCELLANEOUS REPAIR SERVICES 76.........   3,828     277,582,088     294,740,466    6.2 
  MOTION PICTURE THEATERS & PRODUCTION 78..     675     141,503,605     147,586,536    4.3 
  AMUSEMENT AND RECREATION SERVICES 79.....   2,079     434,000,535     487,673,562   12.4 
  MEDICAL AND HEALTH SERVICES 80...........  10,288   2,921,136,288   3,189,455,778    9.2 
    DRS/OTHER PRACTITIONERS 801, 803, 804..   6,577   1,238,851,284   1,350,853,828    9.0 
    DENTISTS 802...........................   2,755     386,664,614     420,034,781    8.6 
    HOSPITALS 806..........................     128     863,583,882     983,397,765   13.9 
    LABORATORIES 807.......................     428     117,436,756     133,308,258   13.5 
    OTHER HEALTH SERVICES..................     400     314,599,752     301,861,146   -4.0 
  LEGAL SERVICES 81........................   3,488     504,664,033     539,231,363    6.8 
  OTHER SERVICES 82-89.....................  10,923   2,485,014,849   2,640,358,987    6.3 
    ENGINEERS AND ARCHITECTS 871...........   2,098     705,461,799     701,996,499   -0.5 
    ACCOUNTANTS AND BOOKKEEPERS 872........   1,927     222,759,030     249,794,423   12.1 
    OTHER SERVICES.........................   6,898   1,556,794,020   1,688,568,065    8.5 
  GOVERNMENT 91-97.........................     222      36,031,846      38,302,872    6.3 
  OTHER BUSINESS 00,99.....................     277      11,975,575      20,627,966   72.3 
                                                                                           
TOTAL ALL INDUSTRIES ...................... 167,674 $86,280,953,185 $90,127,872,550    4.5%