Document ID: EPA-HQ-OW-2004-0002-1662
Agency: epa
Document Type: Supporting & Related Material
Title: 
Posted Date: 2006-06-22T04:00Z

Record
for
the
Proposed
Section
316(
b)
Rule
for
Phase
III
Facilities
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
A
Date
Created:

By:

Data
Sources:

Created
by:

File
Description:

Worksheet
Description:
Adj
Fctr
Matrix
Tables
Memo
Adjustment
Factors
#
Co
by
Ind&
Year
#
Co
by
Ind
Output
Linear
Trend
vs
Index
Beverages
­
Steel
Purpose:

11/
01/
04
1
of
37
DCTM_
ARP.
xls,
File
Info
Record
for
the
Proposed
Section
316(
b)
Rule
for
Phase
III
Facilities
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
B
5/
25/
2006
Abt
Associates
Inc.

SAS
Analysis
Output
file:
"
Adjustment.
xls"

"
ATCF_
Industry_
Analysis_
GDP_
Adjusted_
Average_
Indexed_
013006.
sas"

Calculates
the
industry­
specific
factors
used
to
adjust
facility
cash
flow,
as
calculated
from
facility
survey
responses,
for
the
change
in
industry­
specific
conditions
from
the
time
of
the
316(
b)
survey
to
2005.
This
file
receives
output
data
from
a
SAS
analysis
of
firm
financial
performance
over
the
period
1992­
2005.

Containts
table
for
the
report.
Containts
tables
for
the
report.
Reports
the
industry­
specific
factors
used
to
adjust
facility
cash
flow,
as
calculated
from
facility
survey
responses,
for
the
change
in
industry­
specific
conditions
from
the
time
of
the
316(
b)
survey
to
2005.
Also,
calculates
adjustment
factors
for
the
potential
compliance
years
based
on
predicted
values
beyond
2005.

Reports
the
number
of
companies
used
in
the
analysis
by
industry
by
year.
Reports
the
number
of
companies
used
in
the
analysis
by
industry.
Raw
output
data
from
SAS.
Formatted
output
data
from
SAS.
Series
of
charts
of
the
actual
and
trend­
predicted
industry­
specific
cash
flow
values
over
the
1992­
2005
analysis
period.
These
charts
appear
in
the
Economic
Analysis
report
appendix.

Calculation
of
industry­
specific
factors
for
adjusting
facility
cash
flow
for
the
change
in
industry­
specific
conditions
from
the
time
of
the
316(
b)
survey
to
the
end
of
2005.

11/
01/
04
2
of
37
DCTM_
ARP.
xls,
File
Info
Adjustments
to
3­
Year
Average
of
Constant
Dollar
Pre­
Interest
After­
Tax
Cash
Flow
Multiply
Constant
Dollar
Pre­
Interest
After­
Tax
Cash
Flow
by
Indicated
Values
Adjusting
to
ATCF
Trend
Proposal
Analysis
Revised
Analysis
for
Final
Regulation
Adjust
to
Adjust
to
2005
Adjust
to
2005
Industry
2003
Symmetric
Downward
Only
Iron
and
Steel
0.8056
0.9096
0.9096
Industrial
Chemicals
0.9228
1.1543
1.0000
Aluminum
Analysis
not
undertaken
for
Aluminum
Industry
Petroleum
Refining
1.2480
1.4914
1.0000
Pharmaceuticals
1.3171
1.2526
1.0000
Plastics
and
Synthetic
Fibers
1.1398
1.1948
1.0000
Pulp
&
Paper
Mills
1.0397
1.0386
1.0000
Beverages
1.3076
1.0000
Food
Processing
1.3835
1.0000
6/
22/
2006,
8:
56
AM
3
DCTM_
ARP.
xls,
Adj
Fctr
Matrix
316(
b)
Phase
III
Industry
Group
Estimated
Trend
Average
of
ATCF
Index
Values
at
1996­
1998
Average
of
Predicted
Trend
Values
at
1996­
1998
Beverages
0.0431
0.988
0.947
Food
Processing
0.0433
0.930
0.940
Aluminum
Pulp
and
Paper
Mills
0.0003
0.995
1.031
Industrial
Chemicals
0.0282
1.042
0.977
Plastics
Material
and
Resins
0.0302
1.012
0.968
Pharmaceuticals
0.0328
1.005
0.996
Petroleum
Refining
0.0428
0.922
1.032
Steel
0.0112
1.237
1.035
316(
b)
Phase
III
Industry
Group
Percentage
Difference
in
Actual
and
Predicted
ATCF
Index
Values
at
1996­
1998
Percentage
Difference
in
Actual
ATCF
Index
Values
at
1996­
1998
and
Trend
Predicted
Value
at
2005
Beverages
4.3%
­
23.5%
Food
Processing
­
1.1%
­
27.7%
Aluminum
Analysis
not
undertaken
for
the
Aluminum
industry
Pulp
and
Paper
Mills
­
3.5%
­
3.7%
Industrial
Chemicals
6.6%
­
13.4%
Plastics
Material
and
Resins
4.6%
­
16.3%
Pharmaceuticals
0.9%
­
20.2%
Petroleum
Refining
­
10.7%
­
32.9%
Steel
19.5%
9.9%
Table:
Key
Results
from
Analysis
of
After­
Tax
Cash
Flow
Trends
by
316(
b)
Industry
for
1992­
2005
Analysis
not
undertaken
for
the
Aluminum
industry
Table:
Estimated
Relationship
Between
Actual
ATCF
at
Survey
Period
and
Trend
Predicted
Values
at
Survey
Period
and
End
of
Analysis
Period
Predicted
Trend
Value
at
2005
1.292
1.286
1.033
1.203
1.209
1.259
1.374
1.125
Adjustment
Factors
ATCF
Adjustment
Factors
Output
from
'
ATCF_
Industry_
Analysis_
GDP_
Adjusted_
Average_
Indexed_
011806.
sas'.
Values
bey
Industry
Data
Field
1992
1993
1994
Beverages
Intercept
0.69
0.69
0.69
Slope
0.04
0.04
0.04
Time
Trend
0.73
0.77
0.82
Index
ATCF
0.74
0.73
0.80
Average,
1996­
1998
Index
ATCF
0.99
0.99
0.99
Adjustment
Factor
0.74
0.78
0.83
Food
Processing
Intercept
0.68
0.68
0.68
Slope
0.04
0.04
0.04
Time
Trend
0.72
0.77
0.81
Index
ATCF
0.76
0.75
0.85
Average,
1996­
1998
Index
ATCF
0.93
0.93
0.93
Adjustment
Factor
0.78
0.82
0.87
Industrial
Chemicals
Intercept
0.81
0.81
0.81
Slope
0.03
0.03
0.03
Time
Trend
0.84
0.86
0.89
Index
ATCF
0.82
0.82
0.91
Average,
1996­
1998
Index
ATCF
1.04
1.04
1.04
Adjustment
Factor
0.80
0.83
0.86
Petroleum
Refining
Intercept
0.78
0.78
0.78
Slope
0.04
0.04
0.04
Time
Trend
0.82
0.86
0.90
Index
ATCF
0.91
1.09
0.92
Average,
1996­
1998
Index
ATCF
0.92
0.92
0.92
Adjustment
Factor
0.89
0.93
0.98
Pharmaceuticals
Intercept
0.80
0.80
0.80
Slope
0.03
0.03
0.03
Time
Trend
0.83
0.86
0.90
Index
ATCF
0.72
0.74
0.76
Average,
1996­
1998
Index
ATCF
1.00
1.00
1.00
Adjustment
Factor
0.83
0.86
0.89
Plastics
and
Synthetics
Intercept
0.79
0.79
0.79
Slope
0.03
0.03
0.03
Page
6
Adjustment
Factors
Time
Trend
0.82
0.85
0.88
Index
ATCF
0.78
0.75
0.83
Average,
1996­
1998
Index
ATCF
1.01
1.01
1.01
Adjustment
Factor
0.81
0.84
0.87
Pulp
&
Paper
Mills
Intercept
1.03
1.03
1.03
Slope
0.00
0.00
0.00
Time
Trend
1.03
1.03
1.03
Index
ATCF
0.79
0.92
0.99
Average,
1996­
1998
Index
ATCF
0.99
0.99
0.99
Adjustment
Factor
1.03
1.04
1.04
Steel
Intercept
0.97
0.97
0.97
Slope
0.01
0.01
0.01
Time
Trend
0.98
0.99
1.00
Index
ATCF
0.55
0.83
1.04
Average,
1996­
1998
Index
ATCF
1.24
1.24
1.24
Adjustment
Factor
0.79
0.80
0.81
Page
7
Adjustment
Factors
beyond
2005
are
calculated
in
the
spreadsheet.
from
analysis
of
cash
flow
and
trends
by
industry
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
0.69
0.69
0.69
0.69
0.69
0.69
0.69
0.69
0.69
0.69
0.04
0.04
0.04
0.04
0.04
0.04
0.04
0.04
0.04
0.04
0.86
0.90
0.95
0.99
1.03
1.08
1.12
1.16
1.21
1.25
0.84
0.92
1.04
1.01
0.98
1.05
1.13
1.17
1.24
1.27
0.99
0.99
0.99
0.99
0.99
0.99
0.99
0.99
0.99
0.99
0.87
0.91
0.96
1.00
1.05
1.09
1.13
1.18
1.22
1.26
0.68
0.68
0.68
0.68
0.68
0.68
0.68
0.68
0.68
0.68
0.04
0.04
0.04
0.04
0.04
0.04
0.04
0.04
0.04
0.04
0.85
0.90
0.94
0.98
1.03
1.07
1.11
1.16
1.20
1.24
0.89
0.93
0.94
0.93
0.92
0.99
1.05
1.15
1.33
1.30
0.93
0.93
0.93
0.93
0.93
0.93
0.93
0.93
0.93
0.93
0.92
0.96
1.01
1.06
1.10
1.15
1.20
1.24
1.29
1.34
0.81
0.81
0.81
0.81
0.81
0.81
0.81
0.81
0.81
0.81
0.03
0.03
0.03
0.03
0.03
0.03
0.03
0.03
0.03
0.03
0.92
0.95
0.98
1.01
1.03
1.06
1.09
1.12
1.15
1.17
1.10
1.05
1.05
1.02
1.00
1.04
0.83
0.77
0.99
1.29
1.04
1.04
1.04
1.04
1.04
1.04
1.04
1.04
1.04
1.04
0.88
0.91
0.94
0.96
0.99
1.02
1.05
1.07
1.10
1.13
0.78
0.78
0.78
0.78
0.78
0.78
0.78
0.78
0.78
0.78
0.04
0.04
0.04
0.04
0.04
0.04
0.04
0.04
0.04
0.04
0.95
0.99
1.03
1.07
1.12
1.16
1.20
1.25
1.29
1.33
0.97
0.76
1.12
0.89
0.72
1.33
1.32
0.73
1.21
1.70
0.92
0.92
0.92
0.92
0.92
0.92
0.92
0.92
0.92
0.92
1.03
1.07
1.12
1.17
1.21
1.26
1.31
1.35
1.40
1.44
0.80
0.80
0.80
0.80
0.80
0.80
0.80
0.80
0.80
0.80
0.03
0.03
0.03
0.03
0.03
0.03
0.03
0.03
0.03
0.03
0.93
0.96
1.00
1.03
1.06
1.09
1.13
1.16
1.19
1.23
0.84
0.91
1.01
1.10
1.32
1.38
1.44
1.04
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
0.93
0.96
0.99
1.02
1.06
1.09
1.12
1.15
1.19
1.22
0.79
0.79
0.79
0.79
0.79
0.79
0.79
0.79
0.79
0.79
0.03
0.03
0.03
0.03
0.03
0.03
0.03
0.03
0.03
0.03
Page
8
Adjustment
Factors
0.91
0.94
0.97
1.00
1.03
1.06
1.09
1.12
1.15
1.18
0.96
0.95
1.01
1.08
1.14
1.10
1.03
1.03
1.08
1.19
1.01
1.01
1.01
1.01
1.01
1.01
1.01
1.01
1.01
1.01
0.90
0.93
0.96
0.99
1.02
1.05
1.08
1.11
1.14
1.16
1.03
1.03
1.03
1.03
1.03
1.03
1.03
1.03
1.03
1.03
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
1.03
1.03
1.03
1.03
1.03
1.03
1.03
1.03
1.03
1.03
1.49
1.05
0.91
1.03
1.36
1.29
0.93
0.86
0.98
0.91
0.99
0.99
0.99
0.99
0.99
0.99
0.99
0.99
0.99
0.99
1.04
1.04
1.04
1.04
1.04
1.04
1.04
1.04
1.04
1.04
0.97
0.97
0.97
0.97
0.97
0.97
0.97
0.97
0.97
0.97
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
1.01
1.02
1.04
1.05
1.06
1.07
1.08
1.09
1.10
1.11
1.26
1.14
1.33
1.24
1.06
1.11
0.65
0.88
0.76
1.66
1.24
1.24
1.24
1.24
1.24
1.24
1.24
1.24
1.24
1.24
0.82
0.83
0.84
0.85
0.86
0.86
0.87
0.88
0.89
0.90
Page
9
Adjustment
Factors
Rule
Yr
Potential
Compliance
Years
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
0.69
0.04
1.29
1.34
1.38
1.42
1.46
1.51
1.55
1.59
1.64
1.68
1.24
1.28
1.32
1.37
1.41
1.45
1.50
1.54
1.58
1.63
0.99
1.31
1.35
1.39
1.44
1.48
1.53
1.57
1.61
1.66
1.70
0.68
0.04
1.29
1.33
1.37
1.42
1.46
1.50
1.55
1.59
1.63
1.68
1.28
1.33
1.37
1.41
1.46
1.50
1.54
1.59
1.63
1.67
0.93
1.38
1.43
1.48
1.52
1.57
1.62
1.66
1.71
1.76
1.80
0.81
0.03
1.20
1.23
1.26
1.29
1.32
1.34
1.37
1.40
1.43
1.46
1.50
1.53
1.56
1.59
1.62
1.64
1.67
1.70
1.73
1.76
1.04
1.15
1.18
1.21
1.24
1.26
1.29
1.32
1.34
1.37
1.40
0.78
0.04
1.37
1.42
1.46
1.50
1.55
1.59
1.63
1.67
1.72
1.76
2.24
2.28
2.32
2.37
2.41
2.45
2.50
2.54
2.58
2.62
0.92
1.49
1.54
1.58
1.63
1.68
1.72
1.77
1.82
1.86
1.91
0.80
0.03
1.26
1.29
1.32
1.36
1.39
1.42
1.46
1.49
1.52
1.55
1.22
1.25
1.28
1.31
1.35
1.38
1.41
1.45
1.48
1.51
1.00
1.25
1.29
1.32
1.35
1.38
1.42
1.45
1.48
1.51
1.55
0.79
0.03
Page
10
Adjustment
Factors
1.21
1.24
1.27
1.30
1.33
1.36
1.39
1.42
1.45
1.48
1.23
1.26
1.29
1.32
1.35
1.38
1.41
1.44
1.47
1.50
1.01
1.19
1.22
1.25
1.28
1.31
1.34
1.37
1.40
1.43
1.46
1.03
0.00
1.03
1.03
1.03
1.03
1.03
1.03
1.04
1.04
1.04
1.04
0.95
0.95
0.95
0.95
0.95
0.95
0.95
0.95
0.95
0.95
0.99
1.04
1.04
1.04
1.04
1.04
1.04
1.04
1.04
1.04
1.04
0.97
0.01
1.12
1.14
1.15
1.16
1.17
1.18
1.19
1.20
1.21
1.23
1.58
1.59
1.60
1.61
1.62
1.63
1.65
1.66
1.67
1.68
1.24
0.91
0.92
0.93
0.94
0.95
0.95
0.96
0.97
0.98
0.99
Page
11
Adjustment
Factors
Page
12
#
Co
by
Ind&
Year
Number
of
Companies
Used
in
the
Analysis
by
Industry
and
Year
SAS
Output
Industry
Year
Number
of
Companies
Beverages
1992
7
Beverages
1993
7
Beverages
1994
7
Beverages
1995
7
Beverages
1996
7
Beverages
1997
7
Beverages
1998
7
Beverages
1999
7
Beverages
2000
7
Beverages
2001
7
Beverages
2002
7
Beverages
2003
6
Beverages
2004
6
Beverages
2005
4
Food
Processing
1992
19
Food
Processing
1993
20
Food
Processing
1994
20
Food
Processing
1995
20
Food
Processing
1996
20
Food
Processing
1997
20
Food
Processing
1998
20
Food
Processing
1999
20
Food
Processing
2000
20
Food
Processing
2001
20
Food
Processing
2002
20
Food
Processing
2003
19
Food
Processing
2004
19
Food
Processing
2005
16
Industrial
Chemicals
1992
15
Industrial
Chemicals
1993
15
Industrial
Chemicals
1994
15
Industrial
Chemicals
1995
15
Industrial
Chemicals
1996
15
Industrial
Chemicals
1997
15
Industrial
Chemicals
1998
15
Industrial
Chemicals
1999
15
Industrial
Chemicals
2000
15
Industrial
Chemicals
2001
15
Industrial
Chemicals
2002
15
Industrial
Chemicals
2003
13
Industrial
Chemicals
2004
12
Industrial
Chemicals
2005
10
Petroleum
Refining
1992
6
Petroleum
Refining
1993
6
Petroleum
Refining
1994
6
Petroleum
Refining
1995
6
Page
13
#
Co
by
Ind&
Year
Petroleum
Refining
1996
6
Petroleum
Refining
1997
6
Petroleum
Refining
1998
6
Petroleum
Refining
1999
6
Petroleum
Refining
2000
6
Petroleum
Refining
2001
6
Petroleum
Refining
2002
6
Petroleum
Refining
2003
3
Petroleum
Refining
2004
2
Petroleum
Refining
2005
1
Pharmaceuticals
1992
4
Pharmaceuticals
1993
4
Pharmaceuticals
1994
4
Pharmaceuticals
1995
4
Pharmaceuticals
1996
4
Pharmaceuticals
1997
4
Pharmaceuticals
1998
4
Pharmaceuticals
1999
4
Pharmaceuticals
2000
4
Pharmaceuticals
2001
4
Pharmaceuticals
2002
4
Pharmaceuticals
2003
4
Pharmaceuticals
2004
4
Pharmaceuticals
2005
4
Plastics
and
Synthetics
1992
15
Plastics
and
Synthetics
1993
15
Plastics
and
Synthetics
1994
15
Plastics
and
Synthetics
1995
15
Plastics
and
Synthetics
1996
15
Plastics
and
Synthetics
1997
15
Plastics
and
Synthetics
1998
15
Plastics
and
Synthetics
1999
15
Plastics
and
Synthetics
2000
15
Plastics
and
Synthetics
2001
15
Plastics
and
Synthetics
2002
15
Plastics
and
Synthetics
2003
15
Plastics
and
Synthetics
2004
14
Plastics
and
Synthetics
2005
12
Pulp
&
Paper
Mills
1992
6
Pulp
&
Paper
Mills
1993
6
Pulp
&
Paper
Mills
1994
6
Pulp
&
Paper
Mills
1995
5
Pulp
&
Paper
Mills
1996
6
Pulp
&
Paper
Mills
1997
6
Pulp
&
Paper
Mills
1998
6
Pulp
&
Paper
Mills
1999
6
Pulp
&
Paper
Mills
2000
6
Pulp
&
Paper
Mills
2001
6
Pulp
&
Paper
Mills
2002
6
Page
14
#
Co
by
Ind&
Year
Pulp
&
Paper
Mills
2003
6
Pulp
&
Paper
Mills
2004
5
Pulp
&
Paper
Mills
2005
4
Steel
1992
14
Steel
1993
14
Steel
1994
14
Steel
1995
14
Steel
1996
14
Steel
1997
14
Steel
1998
14
Steel
1999
14
Steel
2000
14
Steel
2001
14
Steel
2002
14
Steel
2003
10
Steel
2004
8
Steel
2005
4
Page
15
#
Co
by
Ind
Number
of
Companies
Used
in
the
Analysis
by
Industry
SAS
Output
Industry
Number
of
Companies
Beverages
7
Food
Processing
20
Industrial
Chemicals
15
Petroleum
Refining
6
Pharmaceuticals
4
Plastics
and
Synthetics
15
Pulp
&
Paper
Mills
6
Steel
14
Total
87
Page
16
Output
Time
Trend
and
Index
ATCF
Values
SAS
Output
Industry
Year
trend
weigh_
avg_
indexATCF_
adj
Beverages
1992
0.731566693
0.743979722
Beverages
1993
0.77469611
0.731517214
Beverages
1994
0.817825527
0.799012427
Beverages
1995
0.860954944
0.843082532
Beverages
1996
0.904084361
0.918370811
Beverages
1997
0.947213778
1.037382241
Beverages
1998
0.990343196
1.00898938
Beverages
1999
1.033472613
0.984768704
Beverages
2000
1.07660203
1.054281906
Beverages
2001
1.119731447
1.129982888
Beverages
2002
1.162860864
1.171532775
Beverages
2003
1.205990281
1.235680774
Beverages
2004
1.249119698
1.268340058
Beverages
2005
1.292249115
1.237432674
Food
Processing
1992
0.722954815
0.756464107
Food
Processing
1993
0.766280202
0.746016861
Food
Processing
1994
0.80960559
0.853844557
Food
Processing
1995
0.852930977
0.885394853
Food
Processing
1996
0.896256364
0.925212483
Food
Processing
1997
0.939581752
0.935402668
Food
Processing
1998
0.982907139
0.928353788
Food
Processing
1999
1.026232527
0.924287342
Food
Processing
2000
1.069557914
0.990298192
Food
Processing
2001
1.112883302
1.053002564
Food
Processing
2002
1.156208689
1.154405155
Food
Processing
2003
1.199534076
1.325081652
Food
Processing
2004
1.242859464
1.300695729
Food
Processing
2005
1.286184851
1.282740178
Industrial
Chemicals
1992
0.836240203
0.817763198
Industrial
Chemicals
1993
0.864454097
0.820009794
Industrial
Chemicals
1994
0.892667991
0.90932693
Industrial
Chemicals
1995
0.920881885
1.096253357
Industrial
Chemicals
1996
0.949095779
1.054145588
Industrial
Chemicals
1997
0.977309674
1.048610866
Industrial
Chemicals
1998
1.005523568
1.02391461
Industrial
Chemicals
1999
1.033737462
1.004638129
Industrial
Chemicals
2000
1.061951356
1.042910904
Industrial
Chemicals
2001
1.09016525
0.8305831
Industrial
Chemicals
2002
1.118379144
0.766498253
Industrial
Chemicals
2003
1.146593038
0.992501905
Industrial
Chemicals
2004
1.174806932
1.29225952
Industrial
Chemicals
2005
1.203020826
1.503721732
Petroleum
Refining
1992
0.81810913
0.909807262
Petroleum
Refining
1993
0.860902813
1.092208649
Petroleum
Refining
1994
0.903696495
0.915386243
Petroleum
Refining
1995
0.946490178
0.973861766
Page
17
Output
Petroleum
Refining
1996
0.989283861
0.759193192
Petroleum
Refining
1997
1.032077544
1.117798172
Petroleum
Refining
1998
1.074871226
0.887699624
Petroleum
Refining
1999
1.117664909
0.721944432
Petroleum
Refining
2000
1.160458592
1.3276229
Petroleum
Refining
2001
1.203252275
1.315145908
Petroleum
Refining
2002
1.246045957
0.728259226
Petroleum
Refining
2003
1.28883964
1.206613505
Petroleum
Refining
2004
1.331633323
1.699755441
Petroleum
Refining
2005
1.374427005
2.239112666
Pharmaceuticals
1992
0.832046618
0.720801968
Pharmaceuticals
1993
0.86486167
0.744049342
Pharmaceuticals
1994
0.897676721
0.75664853
Pharmaceuticals
1995
0.930491772
0.836797283
Pharmaceuticals
1996
0.963306824
0.905923319
Pharmaceuticals
1997
0.996121875
1.013102907
Pharmaceuticals
1998
1.028936927
1.095399749
Pharmaceuticals
1999
1.061751978
1.317286168
Pharmaceuticals
2000
1.094567029
1.383178575
Pharmaceuticals
2001
1.127382081
1.438039124
Pharmaceuticals
2002
1.160197132
1.044122604
Pharmaceuticals
2003
1.193012184
1.00116433
Pharmaceuticals
2004
1.225827235
0.996260402
Pharmaceuticals
2005
1.258642286
1.215952775
Plastics
and
Synthetics
1992
0.817211524
0.778296268
Plastics
and
Synthetics
1993
0.847371568
0.747073428
Plastics
and
Synthetics
1994
0.877531611
0.834084543
Plastics
and
Synthetics
1995
0.907691655
0.963171701
Plastics
and
Synthetics
1996
0.937851698
0.946935459
Plastics
and
Synthetics
1997
0.968011742
1.010935545
Plastics
and
Synthetics
1998
0.998171786
1.078520723
Plastics
and
Synthetics
1999
1.028331829
1.144521834
Plastics
and
Synthetics
2000
1.058491873
1.096525775
Plastics
and
Synthetics
2001
1.088651916
1.030680573
Plastics
and
Synthetics
2002
1.11881196
1.027671563
Plastics
and
Synthetics
2003
1.148972003
1.08473634
Plastics
and
Synthetics
2004
1.179132047
1.191810034
Plastics
and
Synthetics
2005
1.20929209
1.226143705
Pulp
&
Paper
Mills
1992
1.029588462
0.785355771
Pulp
&
Paper
Mills
1993
1.029884122
0.919865448
Pulp
&
Paper
Mills
1994
1.030179783
0.99148568
Pulp
&
Paper
Mills
1995
1.030475443
1.4916242
Pulp
&
Paper
Mills
1996
1.030771103
1.045822352
Pulp
&
Paper
Mills
1997
1.031066763
0.906447449
Pulp
&
Paper
Mills
1998
1.031362423
1.032666079
Pulp
&
Paper
Mills
1999
1.031658083
1.360872337
Pulp
&
Paper
Mills
2000
1.031953743
1.287797568
Pulp
&
Paper
Mills
2001
1.032249404
0.929736859
Pulp
&
Paper
Mills
2002
1.032545064
0.8575757
Page
18
Output
Pulp
&
Paper
Mills
2003
1.032840724
0.97613148
Pulp
&
Paper
Mills
2004
1.033136384
0.913573982
Pulp
&
Paper
Mills
2005
1.033432044
0.951974128
Steel
1992
0.979211326
0.548780351
Steel
1993
0.990419891
0.832132713
Steel
1994
1.001628457
1.043225619
Steel
1995
1.012837023
1.262182737
Steel
1996
1.024045589
1.141889126
Steel
1997
1.035254154
1.330824264
Steel
1998
1.04646272
1.237495502
Steel
1999
1.057671286
1.058333061
Steel
2000
1.068879851
1.110237667
Steel
2001
1.080088417
0.649116283
Steel
2002
1.091296983
0.882398202
Steel
2003
1.102505549
0.757771686
Steel
2004
1.113714114
1.664822299
Steel
2005
1.12492268
1.578421251
Page
19
Output
Page
20
Output
Page
21
Output
Page
22
Output
Page
23
Output
Page
24
Output
Page
25
Output
Page
26
Linear
Trend
vs
Index
Industry
Year
Time
Trend
Index
ATCF
Number
of
Co
Beverages
1992
0.73
0.74
7
Beverages
1993
0.77
0.73
7
Beverages
1994
0.82
0.80
7
Beverages
1995
0.86
0.84
7
Beverages
1996
0.90
0.92
7
Beverages
1997
0.95
1.04
7
Beverages
1998
0.99
1.01
7
Beverages
1999
1.03
0.98
7
Beverages
2000
1.08
1.05
7
Beverages
2001
1.12
1.13
7
Beverages
2002
1.16
1.17
7
Beverages
2003
1.21
1.24
6
Beverages
2004
1.25
1.27
6
Beverages
2005
1.29
1.24
4
Food
Processing
1992
0.72
0.76
19
Food
Processing
1993
0.77
0.75
20
Food
Processing
1994
0.81
0.85
20
Food
Processing
1995
0.85
0.89
20
Food
Processing
1996
0.90
0.93
20
Food
Processing
1997
0.94
0.94
20
Food
Processing
1998
0.98
0.93
20
Food
Processing
1999
1.03
0.92
20
Food
Processing
2000
1.07
0.99
20
Food
Processing
2001
1.11
1.05
20
Food
Processing
2002
1.16
1.15
20
Food
Processing
2003
1.20
1.33
19
Food
Processing
2004
1.24
1.30
19
Food
Processing
2005
1.29
1.28
16
Industrial
Chemicals
1992
0.84
0.82
15
Industrial
Chemicals
1993
0.86
0.82
15
Industrial
Chemicals
1994
0.89
0.91
15
Industrial
Chemicals
1995
0.92
1.10
15
Industrial
Chemicals
1996
0.95
1.05
15
Industrial
Chemicals
1997
0.98
1.05
15
Industrial
Chemicals
1998
1.01
1.02
15
Industrial
Chemicals
1999
1.03
1.00
15
Industrial
Chemicals
2000
1.06
1.04
15
Industrial
Chemicals
2001
1.09
0.83
15
Industrial
Chemicals
2002
1.12
0.77
15
Industrial
Chemicals
2003
1.15
0.99
13
Industrial
Chemicals
2004
1.17
1.29
12
Industrial
Chemicals
2005
1.20
1.50
10
Petroleum
Refining
1992
0.82
0.91
6
Petroleum
Refining
1993
0.86
1.09
6
Petroleum
Refining
1994
0.90
0.92
6
Petroleum
Refining
1995
0.95
0.97
6
Petroleum
Refining
1996
0.99
0.76
6
Petroleum
Refining
1997
1.03
1.12
6
Page
27
Linear
Trend
vs
Index
Petroleum
Refining
1998
1.07
0.89
6
Petroleum
Refining
1999
1.12
0.72
6
Petroleum
Refining
2000
1.16
1.33
6
Petroleum
Refining
2001
1.20
1.32
6
Petroleum
Refining
2002
1.25
0.73
6
Petroleum
Refining
2003
1.29
1.21
3
Petroleum
Refining
2004
1.33
1.70
2
Petroleum
Refining
2005
1.37
2.24
1
Pharmaceuticals
1992
0.83
0.72
4
Pharmaceuticals
1993
0.86
0.74
4
Pharmaceuticals
1994
0.90
0.76
4
Pharmaceuticals
1995
0.93
0.84
4
Pharmaceuticals
1996
0.96
0.91
4
Pharmaceuticals
1997
1.00
1.01
4
Pharmaceuticals
1998
1.03
1.10
4
Pharmaceuticals
1999
1.06
1.32
4
Pharmaceuticals
2000
1.09
1.38
4
Pharmaceuticals
2001
1.13
1.44
4
Pharmaceuticals
2002
1.16
1.04
4
Pharmaceuticals
2003
1.19
1.00
4
Pharmaceuticals
2004
1.23
1.00
4
Pharmaceuticals
2005
1.26
1.22
4
Plastics
and
Synthetics
1992
0.82
0.78
15
Plastics
and
Synthetics
1993
0.85
0.75
15
Plastics
and
Synthetics
1994
0.88
0.83
15
Plastics
and
Synthetics
1995
0.91
0.96
15
Plastics
and
Synthetics
1996
0.94
0.95
15
Plastics
and
Synthetics
1997
0.97
1.01
15
Plastics
and
Synthetics
1998
1.00
1.08
15
Plastics
and
Synthetics
1999
1.03
1.14
15
Plastics
and
Synthetics
2000
1.06
1.10
15
Plastics
and
Synthetics
2001
1.09
1.03
15
Plastics
and
Synthetics
2002
1.12
1.03
15
Plastics
and
Synthetics
2003
1.15
1.08
15
Plastics
and
Synthetics
2004
1.18
1.19
14
Plastics
and
Synthetics
2005
1.21
1.23
12
Pulp
&
Paper
Mills
1992
1.03
0.79
6
Pulp
&
Paper
Mills
1993
1.03
0.92
6
Pulp
&
Paper
Mills
1994
1.03
0.99
6
Pulp
&
Paper
Mills
1995
1.03
1.49
5
Pulp
&
Paper
Mills
1996
1.03
1.05
6
Pulp
&
Paper
Mills
1997
1.03
0.91
6
Pulp
&
Paper
Mills
1998
1.03
1.03
6
Pulp
&
Paper
Mills
1999
1.03
1.36
6
Pulp
&
Paper
Mills
2000
1.03
1.29
6
Pulp
&
Paper
Mills
2001
1.03
0.93
6
Pulp
&
Paper
Mills
2002
1.03
0.86
6
Pulp
&
Paper
Mills
2003
1.03
0.98
6
Pulp
&
Paper
Mills
2004
1.03
0.91
5
Page
28
Linear
Trend
vs
Index
Pulp
&
Paper
Mills
2005
1.03
0.95
4
Steel
1992
0.98
0.55
14
Steel
1993
0.99
0.83
14
Steel
1994
1.00
1.04
14
Steel
1995
1.01
1.26
14
Steel
1996
1.02
1.14
14
Steel
1997
1.04
1.33
14
Steel
1998
1.05
1.24
14
Steel
1999
1.06
1.06
14
Steel
2000
1.07
1.11
14
Steel
2001
1.08
0.65
14
Steel
2002
1.09
0.88
14
Steel
2003
1.10
0.76
10
Steel
2004
1.11
1.66
8
Steel
2005
1.12
1.58
4
Page
29
Beverages
0.00
0.20
0.40
0.60
0.80
1.00
1.20
1.40
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
Year
ATCF
Index
Time
Trend
Index
ATCF
Food
Processing
0.00
0.20
0.40
0.60
0.80
1.00
1.20
1.40
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
Year
ATCF
Index
Time
Trend
Index
ATCF
Industrial
Chemicals
0.00
0.20
0.40
0.60
0.80
1.00
1.20
1.40
1.60
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
Year
ATCF
Index
Time
Trend
Index
ATCF
Petroleum
Refining
0.00
0.50
1.00
1.50
2.00
2.50
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
Year
ATCF
Index
Time
Trend
Index
ATCF
Pharmaceuticals
0.00
0.20
0.40
0.60
0.80
1.00
1.20
1.40
1.60
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
Year
ATCF
Index
Time
Trend
Index
ATCF
Plastics
Material
and
Resins
0.00
0.20
0.40
0.60
0.80
1.00
1.20
1.40
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
Year
ATCF
Index
Time
Trend
Index
ATCF
Pulp
&
Paper
Mills
0.00
0.20
0.40
0.60
0.80
1.00
1.20
1.40
1.60
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
Year
ATCF
Index
Time
Trend
Index
ATCF
Steel
0.00
0.20
0.40
0.60
0.80
1.00
1.20
1.40
1.60
1.80
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
Year
ATCF
Index
Time
Trend
Index
ATCF