HANDBOOK 

a 

CYCLICAL 

INDICATORS 

a supplement to the Business Conditions Digest 

I 

U.S. DEPARTMENT OF COMMERCE 

Bureau of Economic Analysis 

1984 

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Federal Reserve Bank of St. Louis
HANDBOOK 

OF 

CYCLICAL 

INDICATORS 

a supplement to the Business Conditions Digest 

U.S. DEPARTMENT OF COMMERCE 

Secretary/Malcolm Baldrige 

Under Secretary for Economic Affairs/Sidney L. Jones 

BUREAU OF ECONOMIC ANALYSIS 

Director/George Jaszi 

Deputy Director/Allan H. Young 

1984 

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Acknowledgments 

THIS Handbook was prepared by the Statistical Indicators Division under the direction of 

Feliks Tamm, Chief. Staff members with major responsibilities were— 

Barry A. Beckman—Technical supervision and review 

Betty F. Tunstall—Series descriptions 

Brian D. Kajutti—Composite indexes 

Kurt Kunze—Analytical measures and historical data 

Other staff members who made contributions were Robert J. McCahill, Tracy R. Tapscott, 

Amy M. Wu, and Mary D. Young. 

Lisa Boone, Velma P. Henry, Gail James, Carolyn M. Malady, Patricia S. Pearson, Doris 

M. Perrie, and Sarah M. Warren provided valuable help. 

Marie P. Hertzberg, Special Assistant to the Associate Director for National Analysis and 

Projections, researched, reviewed, and edited the series descriptions. 

Victor Zarnowitz of the University of Chicago provided comments and advice. 

Sybella G'Schwend provided editorial services. 

Thelma J. Pearson, Linda L. Richardson, and Denise McBride efficiently prepared the 

text for electronic typesetting. 

The cooperation of Government and private agencies that provided data and information is gratefully acknowledged. These agencies are identified in the series descriptions. 

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HC 

101 

. A135 

1984 

c. 1 

Table of Contents 

Page 

Introduction 1 

Contents 1 

How To Find a Series 2 

I. Series Descriptions 3 

Composite Indexes 5 

Employment Hours, and Earnings 5 

Labor Turnover 7 

Insured Unemployment 8 

Help-Wanted Advertising 9 

Employment, Unemployment, and Labor Force 9 

Personal Income 11 

Industrial Production 12 

Goods Output 13 

Capacity Utilization 13 

New and Unfilled Orders 15 

Vendor Performance 17 

Manufacturing and Trade Inventories and Sales 17 

Retail Sales 20 

Consumer Sentiment 20 

Business Formation 21 

Contracts and Orders for Plant and Equipment 21 

Capital Appropriations, Manufacturing 22 

New Plant and Equipment Expenditures 23 

Housing Starts and Permits 24 

Spot Market Prices 25 

Sensitive Materials Prices 25 

Stock Prices 25 

Corporate Profits 26 

Profits Per Dollar of Sales 27 

Price Per Unit of Labor Cost 28 

Labor Cost Per Unit of Output 28 

Money Supply Measures 29 

Business and Consumer Borrowing 31 

Mortgage Debt 31 

Commercial and Industrial Loans 32 

Consumer Installment Credit 33 

Total Private Borrowing 34 

Liabilities of Business Failures 34 

Delinquent Loans 34 

Bank Reserves 35 

Interest Rates 35 

Dun & Bradstreet Diffusion Indexes 37 

Gross National Product 38 

Personal Consumption Expenditures 39 

Gross Private Domestic Investment 40 

Government Purchases of Goods and Services 43 

Exports and Imports of Goods and Services 44 

National Income 46 

Compensation of Employees 46 

Proprietors' Income 47 

Rental Income of Persons 47 

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Page 

S£ries_QescriDtions—Continued 

Net Interest 47 

Gross Saving 48 

Personal Saving 48 

Government Saving .- 48 

Fixed-Weighted Price Index 49 

Consumer Prices 49 

Producer Prices 50 

Output Per Hour 52 

Wage and Benefit Decisions 53 

Government Receipts and Expenditures, National Income and Product Accounts 53 

Defense Department Obligations 55 

Defense Department Prime Contract Awards 55 

Defense Department Personnel 56 

Defense Department Outlays 56 

Foreign Trade 56 

International Transactions 57 

Industrial Production—International 58 

Consumer Prices—International 60 

Stock Prices—International 63 

II. Composite Indexes of Leading, Coincident, and Lagging Indicators: A Brief Explanation 

of Their Construction 65 

Table 1. Classification of Composite Index Components by Economic Process 66 

Table 2. Standardization Factors and Weights for Composite Index Components 67 

Table 3. Standardization Factors and Weights for Leading Indicator Subgroups 68 

Table 4. Index Standardization Factors, 1948-81 68 

Table 5. Target Trend Computation 68 

Table 6. Trend Adjustment Factors 69 

III. Historical Data, 1947-82 71 

IV. Reference Materials 167 

Table 7. Cyclical Indicators: Series Scores 169 

Table 8. Cyclical Indicators: Average Timing at Peaksjroughs, and All Turns 172 

Table 9A. Measures of Variability: Monthly Series 174 

Table 9B. Measures of Variability: Quarterly Series 176 

Table 10. U.S. Business Cycles: Reference Dates and Duration 178 

Bibliography 180 

Source Agencies 182 

Series Finding Guides 183 

Alphabetical Index 184 

Numerical Index 189 

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INTRODUCTION 

THIS second edition of the Handbook of Cyclical Indicators is a revised and updated 

volume that replaces the 1977 publication of the same name. It is designed to collect in a 

single reference volume useful information on about 300 economic time series in the 

monthly Business Conditions Digest (BCD). 

Contents 

The special emphasis of BCD and thus of its supplement, the Handbook, is on the 

cyclical indicators approach to economic analysis and forecasting. This approach identifies certain economic time series as tending to lead, coincide with, or lag behind broad 

movements in aggregate economic activity. These series are called cyclical indicators. 

The first formal list of cyclical indicators was published by the National Bureau of Economic Research (NBER) in 1938. NBER published revised lists of cyclical indicators in 1950, 

1961, and 1967. 

A comprehensive review of the cyclical indicators was completed by the Bureau of 

Economic Analysis (BEA) in 1975 with the cooperation of the NBER staff.1 The present 

content and format of BCD are based on the results of that review. In its part I, BCD 

shows the cyclical indicators, including the composite indexes, classified by typical timing 

at cyclical peaks, troughs, and all turns, and by economic process. In addition, in its part II, 

BCD shows other important economic measures, which cover a wide range of quarterly 

and monthly time series. Some of these relate to the U.S. economy as a whole, others to 

particular sectors or markets, and yet others to U.S. international transactions or to 

selected countries. The Handbook provides, in separate parts, descriptive information 

about these series, an explanation of the composite indexes of cyclical indicators, historical data, and selected reference materials. The contents of these four basic parts are as 

follows: 

Series descriptions.—The brief descriptions in this part provide definitions and methodologies for the series shown regularly in BCD. More detailed information on the various 

series is available from the source agency, which is identified for each series. 

Composite indexes.—For the composite indexes of cyclical indicators, which are prepared by BEA, a step-by-step explanation of their construction is provided. The weights, 

standardization factors, and trend adjustments are included so that the user can duplicate the BEA indexes. 

Historical data.—The tables in this part contain data for 1947 through 1982. The data 

shown are those available for the July 1983 issue of BCD. More recent data can be found 

in current issues of BCD. 

Selected reference materials.—Three tables in this part provide measures of characteristics of the series, especially the cyclical indicators, that appear in BCD; a fourth table 

provides dates and duration of business cycles. 

Table 7. Cyclical Indicators: Series Scores is based on the cyclical indicators scoring 

system. This system provides numerical scores for each of the seven criteria used to 

evaluate economic time series. These scores are weighted and summed to three total 

scores—one for peaks, one for troughs, and one for all turns. The table lists scores for 

the individual cyclical indicators and composite indexes shown in part I of BCD. 

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Table 8. Cyclical Indicators: Average Timing at Peaks, Troughs, and All Turns is included 

because the length and consistency of the cyclical indicators' leads and lags at business 

cycle turning points are especially important in analyzing the indicators' performance. 

The table lists the medians, means, and standard deviations of the leads and lags at 

peaks, at troughs, and at all turns for the individual cyclical indicators and composite 

indexes shown in part I of BCD. 

Table 9. Measures of Variability is included because a smooth series is preferable, other 

things being equal, to an erratic one. Measures of smoothness based on the relationship 

between the irregular and cyclical components for each series are shown in table 9A for 

monthly series and in table 9B for quarterly series. 

Table 10. U.S. Business Cycles: Reference Dates and Duration lists the business cycle 

peak and trough dates designated by NBER. 

A selected bibliography relating to cyclical indicators is provided; reprints and other 

materials available from BEA are noted. Finally, addresses are provided for source agencies from which more information can be obtained about the time series they prepare. 

How To Find a Series 

To find either a series description or a set of historical data, users of the Handbook 

may need to refer first to the alphabetical index at the back of the volume. That index is 

arranged by subject or key word or phrase in a series title. For example, the index lists 

'Inventories" and below that lists the various inventory series—series in current and 

constant dollars, level and change series, and inventories by type. The listing for each 

series indicates the pages on which the series description and the historical data begin. 

The numerical index facilitates quick reference if a series number is known—the charts 

and tables in BCD identify the series by number—or if a series number is referred to in the 

Handbook. For example, in the Handbook's descriptions of series that are percentages of 

national income, the series number for national income, 220, is given; it could be used with 

the numerical index to find quickly the description or historical data for that series. The 

listings in the numerical index also indicate the year each series begins. 

Footnote to Introduction 

1

 The results of the review were discussed in two articles by Victor Zarnowitz and Charlotte Boschan: "Cyclical 

Indicators: An Evaluation and New Leading Indexes" and "New Composite Indexes of Coincident and Lagging 

Indicators" in the May 1975 and November 1975 issues of BCD. The articles also were included in the 1977 

edition of the Handbook; reprints are available from BEA. 

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I. SERIES DESCRIPTIONS 

THIS part contains brief descriptions of the economic time series shown in BCD. The 

format in which the descriptions are presented is illustrated below. The descriptions 

provide information on definitions, coverage, and methodologies. They also note any 

breaks in the series due to changes in coverage or definition over time. In general, as in 

BCD, the cyclical indicators are presented first, by economic process, and other important economic measures are presented next, by category. However, this order is modified 

to group together series with common origins. For example, series obtained from a single 

survey are grouped together under the general subject of the survey. In these cases, a 

general description of the group is given first, followed by separate descriptions of the 

individual series. Sources for the series are listed; more detailed information may be 

obtained from them. 

Series numbers 

(for identification only) 

Source agency 

(addresses are listed 

on p. 182) 

General description of 

the group 

Description of the series 

MONEY SUPPLY MEASURES 

Series 85. Change in Money Supply M l 

Series 102. Change in Money Supply M2 

Series 104. Change in Total Liquid Assets 

Series 105. Money Supply Ml in 1972 Mar s 

Series 106. Money Supply M2 in 1972 Mar s 

Series 107. Ratio, Gross National Product to Money Supply Ml 

Series 108. Ratio, Personal Income to Money Supply M2 

Source: Board of Governors of the Federal Reserve System; U.S. Department 

of Commerce, Bureau of Economic Analysis 

Group (as listed in table of contents) 

Series titles (key words and phrases 

are listed in alphabetical index) 

(Data contained in these series are seasonally adjusted.) -*-

The different money supply measures are popularly known by the 

abbreviations Ml , M2, etc. The money supply series shown in BCD are... . 

In BCD, these series appear under the economic process "money and credit." 

SERIES 85 is based on the M l version of money supply. It is derived by computing month-to-month percent changes in the seasonally adjusted data for 

ML.. . 

Statement about whether data 

are seasonally adjusted 

Classification in BCD (for cyclical 

indicators, by economic process; for 

other series, by category) 

Seasonal Adjustment 

Most of the time series in BCD are seasonally adjusted to remove the effects of 

repetitive intrayear fluctuations—such as those due to weather, tax payment dates, 

automobile new-model introduction dates, and holidays. This adjustment often is necessary to bring out the underlying cyclical and short-term movements in a series. Holiday 

variations usually are accounted for by the seasonal adjustment process; however, holidays with variable dates (such as Easter) may require a separate holiday adjustment. 

Working- or trading-day adjustments are required for series that contain considerable 

variation due to the number of working or trading days in each reporting period. 

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In the series descriptions, a parenthetical note that states whether a series is adjusted 

follows the series title and source. The source agency calculated the adjusted series 

unless otherwise noted in the series description. In the cases in which the seasonal 

adjustment was done by BEA, the ratio-to-moving-average method described in Bureau 

of the Census Technical Paper No. 15, The X-ll Variant of the Census Method II Seasonal 

Adjustment Program, was used. 

Diffusion Indexes and Rates of Change 

Many series in BCD are aggregates consisting of numerous components. A diffusion 

index summarizes how the individual components of an aggregate move over a given 

timespan: It indicates the percentage of components that are rising (with half of the 

unchanged components counted as rising). Because diffusion indexes computed over 

short spans are highly erratic, they are computed from changes over 6- or 9-month (or 

4-quarter) spans in addition to 1-month (or 1-quarter) spans. Longer spans help to 

highlight the trends underlying the shorter term fluctuations. Diffusion indexes are shown 

for the component series included in each of the major composite indexes and for the 

components of some other series, such as industrial production, stock prices, and expenditures for new plant and equipment. 

BCD also shows rates of change for a number of series, including the major composite 

indexes and other important indicators of economic activity. Rates of change are shown 

for 1- and 3- or 6-month spans or for 1- and 4-quarter spans. 

Although movements in diffusion indexes and in rates of change for the same aggregate 

generally are positively correlated, these two measures provide information about related but distinct aspects of economic change. Diffusion indexes measure only the direction, 

not the magnitude, of change in the components of the aggregate. Thus, diffusion indexes 

indicate how widespread a direction of movement is among the components. Rates of 

change measure the magnitude and direction of change in the aggregate series. 

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COMPOSITE INDEXES 

Series 910. Composite Index of Twelve Leading Indi 

cators (Includes Series 1, 5, 8, 12, 19, 20 

29f 32, 36, 99,106, and 111) 

Series 920. Composite Index of Four Roughly Coin 

cident Indicators (Includes Series 41, 47 

51, and 57) 

Series 930. Composite Index of Six Lagging Indica 

tors (Includes Series 62, 77, 91, 95, 101 

and 109) 

Series 940. Ratio, Coincident Composite Index (Series 

920) to Lagging Composite Index (Series 

930) 

Series 913. Composite Index of Marginal Employment 

Adjustments (Includes Series 1, 2, 3, and 

5) 

Series 914. Composite Index of Capital Investment 

Commitments (Includes Series 12, 20, 

and 29) 

Series 915. Composite Index of Inventory Investment 

and Purchasing (Includes Series 8, 32, 

36, and 99) 

Series 916. Composite Index of Profitability (Includes 

Series 19, 26, and 80) 

Series 917. Composite Index of Money and Financial 

Flows (Includes Series 104,106, and 111) 

Series 950. Diffusion Index of Twelve Leading Indicator Components 

Series 951. Diffusion Index of Four Roughly Coincident Indicator Components 

Series 952. Diffusion Index of Six Lagging Indicator 

Components 

Source: U.S. Department of Commerce, Bureau of 

Economic Analysis 

(With the exception of series 19, 32, and 109, the components of these indexes are based on seasonally adjusted data. Series 913 is not available after December 

1981, because the U.S. Department of Labor, Bureau 

of Labor Statistics discontinued the collection of 

components—series 2 and 3—at that date.) 

SEE part II for a brief explanation of the composite 

indexes and their method of construction. 

In BCD, series 910 (its subgroups—series 913, 914, 

915, 916, and 917), series 920, and series 930 appear 

under the category "composite indexes." 

SERIES 940 is an index (1967=100) computed by dividing 

the coincident composite index by the lagging composite 

index, and expressing the results as percents. 

In BCD, series 940 appears under the category "composite indexes." 

SERIES 950, 951, and 952 are diffusion indexes that 

measure the percent of the components of series 910, 

920, and 930, respectively, that rise. The rises are 

shown over 1- and 6-month spans. Series 5 (a component of series 910) and series 91 (a component of 

series 930) are inversely related to broad movements 

in aggregate economic activity. Therefore, in the diffusion indexes, the directions of change are reversed. 

A description of diffusion indexes is shown at the 

beginning of this part of the Handbook. 

In BCD, series 950, 951, and 952 appear under the 

category "diffusion indexes." 

EMPLOYMENT, HOURS, AND EARNINGS 

Series 41. Employees on Nonagricultural Payrolls 

Series 40. Employees on Nonagricultural Payrolls, 

Goods-Producing Industries 

Series 48. Employee Hours in Nonagricultural Establishments 

Series 21. Average Weekly Overtime Hours of Production or Nonsupervisory Workers, Manufacturing 

Series 1. Average Weekly Hours of Production or 

Nonsupervisory Workers, Manufacturing 

Series 570. Employment, Defense Products Industries 

Series 961. Diffusion Index of Average Weekly Hours 

of Production or Nonsupervisory Workers, 

20 Manufacturing Industries 

Series 963. Diffusion Index of Employees on Private 

Nonagricultural Payrolls, 172-186 Industries 

Series 340. Index of Average Hourly Earnings of Production or Nonsupervisory Workers on 

Private Nonagricultural Payrolls 

Series 340c. Percent Change in Average Hourly Earnings of Production or Nonsupervisory 

Workers on Private Nonagricultural Payrolls 

Series 341. Index of Real Average Hourly Earnings of 

Production or Nonsupervisory Workers 

on Private Nonagricultural Payrolls 

Series 341c. Percent Change in Real Average Hourly 

Earnings of Production or Nonsupervisory 

Workers on Private Nonagricultural Payrolls 

Source: U.S. Department of Labor, Bureau of Labor 

Statistics; U.S. Department of Commerce, 

Bureau of Economic Analysis 

(Data contained in these series are seasonally adjusted.) 

DATA for these series are obtained from the establishment survey conducted each month by the Bureau 

of Labor Statistics (BLS). An establishment is defined 

as an economic unit—such as a factory, mine, or store— 

that produces goods or services. It is generally at a 

single physical location and is engaged predominantly 

in one type of economic activity. Where a single physical 

location encompasses two or more distinct and separate activities, these activities are treated as separate 

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establishments, provided separate payroll records are 

available. 

The data are primarily from payroll records voluntarily 

reported each month to State employment security 

agencies by employers in the 50 States and the District 

of Columbia. These data relate to the payroll period 

that includes the 12th of the month; however, data for 

the Federal Government represent positions occupied 

on the last day of the calendar month. 

Data include full-time, part-time, temporary, and 

permanent workers. Workers who are on paid leave 

(such as sick, holiday, or vacation) and persons who 

worked during a part of the pay period are included. 

Persons on the payroll of more than one establishment 

are counted each time they are reported. Persons on a 

nonpay status for the entire period due to layoff, strike, or 

leave without pay; the self-employed, unpaid volunteer and family workers; farm and domestic workers; 

and noncivilian Government employees are excluded. 

SERIES 41 measures the number of persons employed 

in nonagricultural establishments. The industries included are mining; construction; manufacturing; transportation and public utilities; wholesale and retail trade; 

finance, insurance, and real estate; services; and 

government. 

In BCD, series 41 appears under the economic process "employment and unemployment." 

SERIES 40 measures the number of persons employed 

in mining, manufacturing, and construction industries. 

In BCD, series 40 appears under the economic process "employment and unemployment." 

SERIES 48 measures the number of hours worked by 

employees in nonagricultural establishments. (See 

description of series 41 for industries included.) Hours 

worked are computed separately for each industry and 

aggregated into a nonfarm total. Where data are lacking for individual industries, sources other than the 

establishment survey are used—primarily the U.S. 

Department of Commerce, Bureau of the Census current population survey (CPS) for weekly hours, adjusted to eliminate distortions due to holidays. The CPS, 

conducted each month by Census Bureau interviewers, includes 60,000 households beginning with 1981 

(65,000 in 1980, 56,000 through 1979) located in 629 

areas in 1,148 counties and independent cities in the 

50 States and the District of Columbia. 

Several types of imputations are used to supply missing 

data: 

1. Nonproduction-worker average weekly hours 

for industries other than manufacturing are 

imputed to be the same as those of production 

workers. For manufacturing, an estimate is 

developed from wage surveys of BLS and disability studies of the Social Security Administration. 

2. For transportation and communication industries, where data are available only for some 

components of each industry, hours derived 

from the known part are imputed to the industry total. 

3. For finance, insurance, and real estate, where 

more detailed data are available annually than 

monthly, monthly estimates are adjusted to conform with the annual data. Employment data 

are derived from BLS establishment reports, 

and weekly hours data are developed from the 

CPS. 

4. For service and miscellaneous industries, the 

BLS series for hotels and lodging, laundries, 

cleaning and dyeing, motion picture, and other 

services have been supplemented with employment rates derived from the Bureau of Economic 

Analysis (BEA) national income series and weekly 

hours from the CPS. 

In BCD, series 48 appears under the economic process "employment and unemployment." 

SERIES 21 measures the number of weekly average 

hours that is in excess of regular hours and for which 

overtime premiums are paid in manufacturing industries. Overtime hours are those for which production 

or nonsupervisory workers receive overtime compensation because their hours are in excess of the straighttime workday or workweek during the survey period. 

Weekend and holiday hours are included only if overtime 

premiums are paid. Hours for which only shift differential, hazard, incentive, or other similar types of premiums are paid are excluded. 

"Production or nonsupervisory workers" include 

working supervisors and nonsupervisory workers (including group leaders and trainees) engaged in fabricating, 

processing, assembling, inspecting, receiving, storing, 

handling, packing, warehousing, shipping, trucking, and 

hauling of merchandise; in maintenance, repair, janitorial, 

and guard services; in product development; in auxiliary 

production for the plant's own use (e.g., power plant); 

and in recordkeeping and other services closely associated with production operations. 

In BCD, series 21 appears under the economic process "employment and unemployment." 

SERIES 1 measures the average number of hours paid 

per production or nonsupervisory worker per week in 

manufacturing industries during the survey week. Unpaid 

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absenteeism, labor turnover, part-time work, and stoppages can cause average weekly hours to be lower than 

scheduled weekly hours of an establishment; overtime 

hours can cause average weekly hours to be higher. 

"Production or nonsupervisory workers" are defined 

under series 21, above. 

In BCD, series 1 appears under the economic process "employment and unemployment." 

SERIES 570 measures the number of persons, including salaried officers of corporations, employed in defense 

products industries. This group includes industries classified under the following Standard Industrial Classification (SIC): Ordnance and accessories (SIC 348); communication equipment (SIC 366); aircraft and parts 

(SIC 372); and guided missiles, space vehicles, and 

parts (SIC 376). The data include a significant amount 

of nondefense activity of defense products industries 

(e.g., both commercial and military aircraft are included) and exclude a significant amount of defense activity of nondefense products industries (e.g., shipbuilding). The series is seasonally adjusted by BEA. 

In BCD, series 570 appears under the category 

"defense indicators." 

SERIES 961 is a diffusion index that measures the percent 

of manufacturing industries for which the average weekly 

hours of production or nonsupervisory workers increase. 

The increases are shown over 1- and 9-month spans. 

The index is computed by BEA. (For a list of the 20 

manufacturing industries, see table C2 in part I of BCD.) 

In BCD, series 961 appears under the category "diffusion indexes." 

SERIES 963 is a diffusion index that measures the percent 

of nonagricultural industries for which employment 

increases. The increases are shown over 1- and 6-month 

spans. Beginning in 1972, the index is calculated from 

186 unpublished seasonally adjusted employment series, 

which cover nonagricultural payroll employment in the 

private sector. Prior to 1972, it was calculated from 

172 series. The index is computed by BLS. 

In BCD, series 963 appears under the category "diffusion indexes." 

SERIES 340 is an index (1977 = 100) based on average 

hourly earnings of production or nonsupervisory workers 

on nonagricultural payrolls. The index is based on average 

hourly earnings (before deductions) obtained from the 

BLS establishment survey. It does not include such 

labor cost items as irregular bonuses, retroactive items, 

payment to various pension and welfare funds, and 

payroll taxes paid by employers. It is adjusted to exclude 

the effects of fluctuations in overtime premiums (in 

manufacturing only) and changes in the proportion of 

workers in low- and high-wage industries. The index is 

constructed by weighting the average hourly earnings 

in each industry, at the 3-digit SIC level of detail, by 

the hours worked in that industry in 1977. 

Monthly data are not available prior to 1964; annual 

averages have been computed from 1947 to 1963 (using 

the 1-digit SIC level of industry detail). 

Series 340c measures the percent change in series 

340 over 1- and 6-month spans. Changes over 1-month 

spans are at a monthly rate, changes over 6-month 

spans are at an annual rate. 

In BCD, series 340 and 340c appear under the category "wages and productivity." 

SERIES 341 is an index (1977 = 100) based on average 

hourly earnings, in constant (1977) dollars, of production or nonsupervisory workers on nonagricultural 

payrolls. Average hourly earnings (series 340) are deflated by the BLS Consumer Price Index for Urban Wage 

Earners and Clerical Workers (CPI-W). 

Monthly data for series 341 begin in 1964; annual 

averages are available from 1947 to 1963. 

Series 341c measures the percent change in series 

341 over 1- and 6-month spans. Changes over 1-month 

spans are at a monthly rate; changes over 6-month 

spans are at an annual rate. 

In BCD, series 341 and 341c appear under the category "wages and productivity." 

LABOR TURNOVER 

Series 2. Accession Rate, Manufacturing 

Series 3. Layoff Rate, Manufacturing 

Source: U.S. Department of Labor, Bureau of Labor 

Statistics 

(Data contained in these series are seasonally adjusted.) 

THE accession rate and layoff rate were two components of the Bureau of Labor Statistics (BLS) series on 

labor turnover in manufacturing establishments. Both 

series were discontinued after December 1981. Data 

were collected primarily from employers by State 

employment security agencies of the 50 States and the 

District of Columbia. Respondents reported total 

employment and the number of accessions and layoffs 

during the month. Each.agency used the information to 

develop turnover rates for the State and its metropolitan areas and forwarded the data to BLS, which prepared rates at the national level. 

Data were expressed as monthly rate per 100 employees. Employment figures, which were the base used to 

compute the rates, represented the number of persons 

who worked or received pay for any part of the pay 

period (usually 1 week) that included the 12th of the 

month. 

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Series 2 and 3 are not included in part III, Historical 

Data, 1947-82 in this Handbook. 

In BCD, series 2 and 3 appeared under the economic 

process "employment and unemployment." 

SERIES 2 measured permanent and temporary monthly 

additions of new and rehired persons to the employment rolls. Beginning in January 1959, accessions data 

included transfers between establishments of the same 

company. 

SERIES 3 measured the rate of monthly employerinitiated suspensions from pay status (without prejudice to the worker) that lasted, or were expected to 

last, more than 7 consecutive calendar days. 

INSURED UNEMPLOYMENT 

Series 5. Average Weekly Initial Claims for Unemployment Insurance, State Programs 

Series 45. Average Weekly Insured Unemployment 

Rate, State Programs 

Series 962. Diffusion Index of Initial Claims for Unemployment Insurance, State Programs, 

51 Areas 

Source: U.S. Department of Labor, Employment and 

Training Administration; U.S. Department of 

Commerce, Bureau of Economic Analysis 

(Data contained in these series are seasonally adjusted.) 

INSURED unemployment measures the number of 

persons reporting at least 1 week of unemployment 

under a State unemployment insurance program in the 

50 States and the District of Columbia. It includes some 

persons who are working part time and would be counted 

as employed in the payroll and household surveys. It 

excludes persons who have exhausted their benefit 

rights and workers who have not earned rights to unemployment insurance. 

At present, the State unemployment insurance programs cover approximately 97 percent of wage and 

salary workers. The self-employed, workers on small 

farms, and some workers in nonprofit organizations 

and domestic service are excluded from these programs. 

A covered worker, upon becoming unemployed, files 

an initial claim to establish the starting date for any 

unemployment compensation that may result from 

unemployment for 1 week or longer. The insured unemployment figure is derived by adjusting the data for the 

number of weeks of unemployment and the time the 

claim is filed, so that the series refers to the week in 

which unemployment actually occurred. Monthly totals 

are computed from weekly data, with split weeks allocated on the basis of a 5-day week; these totals are 

divided by the number of full weeks plus the pertinent 

fractional portion(s) of split week(s) to secure monthly 

averages. 

Initial claims for unemployment insurance represent 

first claims filed by workers for unemployment compensation upon becoming newly unemployed or claims 

for subsequent periods of unemployment in the same 

benefit year. A benefit year is a 12-month period during which an eligible worker may receive benefits. Since 

July 1949, transitional claims (claims filed by persons 

already in a claimant status for determination of benefit rights in a new benefit year) have been excluded. 

The data are compiled by the Employment and Training 

Administration from weekly reports of the employment 

security agencies in the 50 States, Puerto Rico, the 

Virgin Islands, and the District of Columbia. (Data for 

Puerto Rico are omitted from series 5 and 45; data for 

Puerto Rico and the Virgin Islands are omitted from 

series 962.) 

SERIES 5 measures the average number of persons 

who file first claims for unemployment compensation 

per week in a given month. The monthly averages of 

weekly data are adjusted for split weeks as described 

above. The series is seasonally adjusted by the Bureau 

of Economic Analysis (BEA). It is inversely related to 

broad movements in aggregate economic activity. 

In BCD, series 5 appears under the economic process "employment and unemployment." 

SERIES 45 measures the number of insured unemployed, 

expressed as a percent of the average covered employment in a 12-month period ending 6 to 9 months prior 

to the month of reference. (There is a 6- to 9-month 

delay in the compilation and release of the covered 

employment data by the source agencies.) The monthly 

series is computed from weekly data, as described 

above, that have been seasonally adjusted by BEA using 

seasonal factors supplied by the U.S. Department of 

Labor, Bureau of Labor Statistics. It is inversely related 

to broad movements in aggregate economic activity. 

In BCD, series 45 appears under the economic process "employment and unemployment." 

SERIES 962 is a diffusion index based on the number of 

initial claims filed in the week containing the 12th of 

the month for the 50 States and the District of Columbia. It shows the percentage of the 51 area components that decline over 1- and 9-month spans. The 

index measures declines because initial claims are 

inversely related to broad movements in aggregate 

economic activity. The index is computed by BEA after 

seasonally adjusting the data for the 51 area components. 

In BCD, series 962 appears under the category "diffusion indexes." 

8 The Handbook of Cyclical Indicators 

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HELP-WANTED ADVERTISING EMPLOYMENT, UNEMPLOYMENT, 

AND LABOR FORCE 

Series 46. Index of Help-Wanted Advertising in Newspapers 

Source: The Conference Board, Inc.; Metropolitan Life 

Insurance Company 

Series 60. Ratio, Help-Wanted Advertising in Newspapers to Number of Persons Unemployed 

Source: The Conference Board, Inc.; Metropolitan Life 

Insurance Company; U.S. Department of Labor, 

Bureau of Labor Statistics 

(Data contained in these series are seasonally adjusted.) 

SERIES 46 is an index (1967 = 100) that measures 

employers' demands for labor. It reflects the relative 

level and monthly change in the number of job openings 

resulting from vacancies in existing jobs or the creation of new jobs. 

Data are based on the daily volume of help-wanted 

ads published in the classified section of one newspaper in each of 51 sample cities. Each city represents a 

major labor market area as defined by the Bureau of 

Labor Statistics. (Prior to 1971, the sample included 

52 cities.) The representativeness and coverage of the 

classified advertising for the particular area are the 

criteria used to select the newspaper within each city. 

Employment in the sample cities accounted for slightly 

more than half of U.S. nonagricultural employment in 

1971. 

Beginning in 1951, data are compiled by The Conference Board. The monthly advertising volume for each 

city is adjusted for differences in the number of Sundays and the number of days per month, is adjusted for 

seasonal variations, and is converted to an index 

(1967 = 100). Each index is weighted by the city's proportion of nonagricultural employment in the sample 

cities and combined into regional and national indexes. 

For the period from 1945 to 1950, the Metropolitan 

Life Insurance Company constructed an index by chaining 

the median month-to-month percentage change in 

the unweighted volume of help-wanted ads from a 

sample of about 60 newspapers. The U.S. Department 

of Commerce, Bureau of Economic Analysis (BEA) adjusted the Metropolitan Life Insurance Company's index to 

the level of The Conference Board's index. 

In BCD, series 46 appears under the economic process "employment and unemployment." 

SERIES 60 is the monthly ratio of the number of advertised jobs available to the number of persons unemployed. It is computed by BEA by dividing the index of 

help-wanted advertising (series 46) by the number of 

persons unemployed (series 37) converted to an index 

(1967 = 100). 

In BCD, series 60 appears under the economic process "employment and unemployment." 

Series 442. Civilian Employment 

Series 37. Number of Persons Unemployed 

Series 441. Civilian Labor Force 

Series 90. Ratio, Civilian Employment to Population 

of Working Age 

Series 42. Number of Persons Engaged in Nonagricultural Activities 

Series 448. Number of Persons Employed Part Time 

for Economic Reasons 

Series 451. Civilian Labor Force Participation Rate, 

Males 20 Years and Over 

Series 452. Civilian Labor Force Participation Rate, 

Females 20 Years and Over 

Series 453. Civilian Labor Force Participation Rate, 

Both Sexes 16-19 Years of Age 

Series 444. Number Unemployed, Males 20 Years and 

Over 

Series 445. Number Unemployed, Females 20 Years 

and Over 

Series 446. Number Unemployed, Both Sexes 16-19 

Years of Age 

Series 447. Number Unemployed, Full-Time Workers 

Series 43. Unemployment Rate 

Series 44. Unemployment Rate, Persons Unemployed 

15 Weeks and Over 

Series 91. Average Duration of Unemployment in 

Weeks 

Source: U.S. Department of Labor, Bureau of Labor 

Statistics; U.S. Department of Commerce, 

Bureau of Economic Analysis 

(Data contained in these series are seasonally adjusted.) 

THESE series are based on data collected in household 

surveys conducted each month by interviewers of the 

U.S. Department of Commerce, Bureau of the Census 

as part of its current population survey and are compiled for the Bureau of Labor Statistics. The survey 

sample includes about 60,000 households beginning 

with 1981 (65,000 in 1980, 56,000 through 1979) located 

in 629 areas in 1,148 counties and independent cities 

in the 50 States and the District of Columbia. (Prior to 

1960, Alaska and Hawaii were excluded.) The data relate 

to employment activity or status during the "survey 

week"; i.e., the calendar week that includes the 12th of 

the month. 

The civilian labor force includes the civilian noninstitutional population 16 years of age and over who are 

classified as employed or unemployed. It excludes members of the U.S. Armed Forces and persons in penal 

institutions; mental institutions; tuberculosis sanitariums; and homes for the aged, infirm, and needy. 

SERIES 442 includes civilian, noninstitutional persons 

16 years old or over who (1) worked during any part of 

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the survey week as paid employees; worked in their 

own business, profession, or farm; or worked 15 hours 

or more as unpaid workers in a family owned enterprise; or (2) were not working but had jobs or businesses from which they were temporarily absent due to 

illness, bad weather, vacation, labor-management 

dispute, or personal reasons—whether or not they 

were paid by their employers for the time off, and 

whether or not they were seeking another job. Each 

employed person is counted only once; those who had 

more than one job are counted in the job at which they 

worked the greatest number of hours during the survey 

week. 

The data include citizens of foreign countries who 

are living in the United States but not on the premises 

of an embassy. The data exclude persons whose only 

activity consisted of work around their own homes 

(such as housework, painting, repairing, etc.) and volunteer workers for religious, charitable, and similar 

organizations. 

In BCD, series 442 appears under the category "civilian labor force and major components." 

SERIES 37 includes persons who were available for 

work (except for temporary illness) but did not work 

during the survey week, and who made specific efforts 

to find a job within the previous 4 weeks by going to an 

unemployment service, applying directly to an employer, 

answering a want ad, or being on a union or professional register. Persons who were available for work but did 

not work, because they were either waiting to be called 

back to a job from which they had been laid off or were 

waiting to report to a new job within 30 days, also are 

classified as unemployed. The series is inversely related to broad movements in aggregate economic activity. 

In BCD, series 37 appears under the economic process "employment and unemployment" and under the 

category "civilian labor force and major components." 

SERIES 441 includes persons 16 years old or over in 

the civilian noninstitutional population who are classified as employed or unemployed. Seasonally adjusted 

figures for the civilian labor force are obtained by summing independently adjusted employment and unemployment components. 

In BCD, series 441 appears under the category "civilian labor force and major components." 

SERIES 90 is the ratio, computed by the Bureau of 

Economic Analysis and expressed as a percent, of civilian 

employment (series 442) to noninstitutional population 

16 years and over. The population data include U.S. 

Armed Forces. 

In BCD, series 90 appears under the economic process "employment and unemployment." 

SERIES 42 is a component of total civilian employment 

(series 442) that measures the number of persons 

employed in all activities except agriculture. 

In BCD, series 42 appears under the economic process "employment and unemployment." 

SERIES 448 measures the number of persons in the 

full-time labor force who, for economic reasons, are 

employed part time involuntarily. Persons who worked 

between 1 and 34 hours during the survey week are 

designated as working "part time." "Economic reasons" include slack work, materials shortages, or repairs 

to plant or equipment at the place of employment; 

start or termination of a job during the week; and inability 

to find full-time work. 

In BCD, series 448 appears under the category "civilian labor force and major components." 

SERIES 451, 452, and 453 measure civilian labor force 

participation rates for males 20 years and over, females 

20 years and over, and both sexes 16-19 years of age, 

respectively. These are defined as ratios, expressed as 

percents, of components of the civilian labor force 

(series 441) to comparable components of the civilian 

noninstitutional population. 

In BCD, series 451, 452, and 453 appear under the 

category "civilian labor force and major components." 

SERIES 444, 445, and 446 are age and sex components 

of total civilian unemployment (series 37) for males 20 

years and over, females 20 years and over, and both 

sexes 16-19 years of age, respectively. 

In BCD, series 444, 445, and 446 appear under the 

category "civilian labor force and major components." 

SERIES 447 is a component of total civilian unemployment (series 37) that includes persons seeking full-time 

work. 

In BCD, series 447 appears under the category "civilian labor force and major components." 

SERIES 43 is the ratio of the number of persons unemployed (series 37) expressed as a percent of the civilian labor force (series 441). The series is inversely 

related to broad movements in aggregate economic 

activity. 

10 The Handbook of Cyclical Indicators 

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In BCD, series 43 appears under the economic process "employment and unemployment." 

SERIES 44 is the ratio of the number of persons who 

have been unemployed for 15 weeks or more (series 

91) expressed as a percent of the civilian labor force 

(series 441). The series is inversely related to broad 

movements in aggregate economic activity. 

In BCD, series 44 appears under the economic process "employment and unemployment." 

SERIES 91 measures the average number of weeks, 

including the current survey week, during which persons 

classified as unemployed had been continuously looking for work or, in the case of persons on layoff, the 

average number of weeks since the termination of their 

most recent employment. A period of 2 or more weeks, 

during which a person was employed or ceased looking 

for work, is considered a break in the continuity of the 

present period of seeking work. Average duration of 

unemployment is the arithmetic mean computed from 

the distribution by weeks of unemployment. The series 

is inversely related to broad movements in aggregate 

economic activity. 

In BCD, series 91 appears under the economic process "employment and unemployment." 

PERSONAL INCOME 

Series 223. Personal Income in Current Dollars 

Series 52. Personal Income in 1972 Dollars 

Series 51. Personal Income Less Transfer Payments 

in 1972 Dollars 

Series 224. Disposable Personal Income in Current 

Dollars 

Series 225. Disposable Personal Income in 1972 Dollars 

Series 227. Per Capita Disposable Personal Income 

in 1972 Dollars 

Series 53. Wages and Salaries in 1972 Dollars, Mining, Manufacturing, and Construction 

Source: U.S. Department of Commerce, Bureau of 

Economic Analysis and Bureau of the Census 

(Data contained in these series are seasonally adjusted.) 

PERSONAL income is the income received by persons 

from all sources, that is, from participation in production, from transfer payments from government and 

business, and from government interest, which is treated 

like a transfer payment. Persons consist of individuals, 

nonprofit institutions, private noninsured welfare funds, 

and private trust funds. Proprietors' income is treated 

in its entirety as received by individuals. Life insurance 

carriers and private noninsured pension funds are not 

counted as persons, but their saving is credited to 

persons. Personal income is the sum of wage and salary disbursements, other labor income, proprietors' 

income with inventory valuation and capital consumption adjustments (series 282), rental income of persons 

with capital consumption adjustment (series 284), 

personal dividend income, personal interest income, 

and transfer payments less personal contributions for 

social insurance. (Inventory valuation and capital consumption adjustments are defined in the Corporate 

Profits section in this Handbook.) 

Personal income is not a measure of the value of 

national output because it includes certain incomes 

that do not accrue in production (e.g., government 

transfer payments and government interest), and 

excludes certain incomes that do accrue in production 

but are not distributed to persons (e.g., undistributed 

corporate profits and contributions for social insurance). 

"Wage and salary disbursements" consists of the 

monetary remuneration of employees, including the 

compensation of corporate officers; commissions, tips, 

and bonuses; and receipts in kind that represent income 

to the recipients. They differ from wages and salaries 

included in compensation of employees (series 280), 

because they include retroactive wages when paid, 

rather than when earned. 

"Other labor income" includes employer contributions to private pension and welfare funds, and directors' fees. It excludes employer contributions to publicly administered funds such as old-age, survivors, 

disability, and hospital insurance; unemployment insurance; and civilian government employees retirement. 

"Proprietors' income with inventory valuation and 

capital consumption adjustments" (series 282) and 

"rental income of persons with capital consumption 

adjustment" (series 284) are described in the Proprietors' Income and Rental Income of Persons sections, 

respectively, in this Handbook. 

"Personal dividend income" is payments in cash or 

other assets, excluding stock, by corporations organized 

for profit to stockholders who are U.S. persons. 

"Personal interest income" is the interest income of 

persons from all sources. In the national income and 

product accounts, it is calculated as net interest (series 

288), plus interest paid by government to persons and 

business, less interest received by government, plus 

interest paid by consumers to business. The last item 

includes interest paid by individuals in their capacity as 

consumers but excludes their interest payments on 

mortgages and home improvement loans because homeowners are treated as businesses in the national income 

and product accounts. 

"Transfer payments to persons" is income payments 

to persons, generally in monetary form, for which they 

do not render current services. It consists of business 

and government transfer payments. Business transfer 

payments include liability payments for personal injury, corporate gifts to nonprofit institutions, and bad 

debts incurred by consumers. Government transfer 

payments include payments under the following proBCD 1984 11 

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Federal Reserve Bank of St. Louis
grams: Federal old-age, survivors, disability, and hospital insurance; supplementary medical insurance; State 

unemployment insurance; railroad retirement and 

unemployment insurance; government retirement; 

workers' compensation; veterans, including veterans 

life insurance; food stamps; black lung; supplemental 

security income; and direct relief. Government payments 

to nonprofit institutions, other than for work under 

research and development contracts, also is included. 

"Personal contributions for social insurance" includes 

payments by employees, self-employed, and other individuals who participate in the following programs: Federal 

old-age, survivors, disability, and hospital insurance; 

supplementary medical insurance; State unemployment 

insurance; railroad retirement insurance; government 

retirement; and veterans life insurance. 

SERIES 223 and 52 measure personal income, as 

described above, in current and constant (1972) dollars, respectively. The deflator used to compute the 

1972 dollar series is the Bureau of Economic Analysis 

(BEA) implicit price deflator for personal consumption 

expenditures (PCE). From 1959 to date, data for the 

deflator are monthly; prior to 1959, the monthly values 

are obtained by using the movements in the U.S. Department of Labor, Bureau of Labor Statistics (BLS) Consumer Price Index for Urban Wage Earners and Clerical 

Workers (CPI-W) to interpolate the quarterly PCE deflator. 

In BCD, series 223 and 52 appear under the economic 

process "production and income." 

SERIES 51 measures constant (1972) dollar personal 

income less transfer payments (as described.above). 

Because transfer payments represent the largest part 

N

 of personal income that does not accrue in production 

and because some types of transfer payments tend to 

be contracyclical, their removal from personal income 

provide^ a series with greater cyclical amplitude. 

The current-dollar series is deflated in the same way 

as series 52 above. 

In BCD, series 51 appears under the economic process "production and income." 

SERIES 224 and 225, disposable personal income in 

current and constant (1972) dollars, respectively, measure the portion of personal income that is available for 

spending or saving. It is equal to personal income less 

personal tax and nontax payments. 

"Personal tax and nontax payments" is tax payments 

(net of refunds) by persons (except personal contributions for social insurance) that are not chargeable to 

business expense, and certain other personal payments 

to government agencies (except government enterprises) that it is convenient to treat like taxes. Personal 

taxes include income, estate and gift, and personal 

property taxes. Nontax payments include passport fees, 

fines and penalties, donations, and tuitions and fees 

paid to schools and hospitals operated mainly by 

government. 

The 1972 dollar series (series 225) is computed by 

deflating the current-dollar series (series 224) by the 

implicit price deflator for PCE described in series 52 

above. 

In BCD, series 224 and 225 appear under the category "GNP and personal income." 

SERIES 227 is computed by dividing constant-dollar 

disposable personal income (series 225) by quarterly 

estimates of U.S. population, including U.S. Armed Forces 

overseas and in outlying areas, but excluding dependents living with them. Also excluded are residents of 

Puerto Rico, residents of the outlying areas under U.S. 

sovereignty or jurisdiction, and other American citizens living overseas. 

Population estimates for the first of each month are 

published by the Bureau of the Census. A quarterly 

population estimate is computed by BEA by taking 

2-month averages of the beginning-of-month estimates 

to represent monthly averages and averaging the monthly averages for the quarter. Population estimates now 

cover the 50 States and the District of Columbia; prior 

to 1960, they did not cover Alaska and Hawaii. 

In BCD, series 227 appears under the category "GNP 

and personal income." 

SERIES 53 measures wage and salary disbursements in 

nonfarm commodity-producing industries deflated by 

the BLS Consumer Price Index for all Urban Consumers 

(CPI-U). The series includes disbursements to workers 

in mining, manufacturing, construction, and a small 

component, "forestry, fisheries, and agricultural services." 

BEA seasonally adjusts the CPI-U using seasonal factors provided by BLS. 

In BCD, series 53 appears under the economic process "production and income." 

INDUSTRIAL PRODUCTION 

Series 47. 

Series 966. 

Series 73. 

Series 74. 

Series 76. 

Series 75. 

Index of Industrial Production 

Diffusion Index of Industrial Production, 

24 Industries 

Index of Industrial Production, Durable 

Manufactures 

Index of Industrial Production, Nondurable Manufactures 

Index of Industrial Production, Business 

Equipment 

Index of Industrial Production, Consumer Goods 

12 The Handbook of Cyclical Indicators 

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Federal Reserve Bank of St. Louis
Series 557. Index of Industrial Production, Defense 

and Space Equipment 

Source: Board of Governors of the Federal Reserve 

System; U.S. Department of Commerce, Bureau of Economic Analysis 

(Data contained in these series are adjusted for holiday and working day differences and for seasonal 

variations.) 

THE index of industrial production measures monthly 

changes in the physical output of the manufacturing, 

mining, and gas and electric utility industries. For manufacturing and mining, products at all stages of fabrication are included. The index does not cover production 

on farms, or in the construction, transportation, trade, 

and service industries, but does include production at 

plants and shipyards owned and operated by the 

Government. 

The index, based on 1967 = 100, uses data supplied 

by government agencies and trade organizations. It is 

based on 235 series. These are combined with valueadded weights for selected base years to create the 

total index of industrial production. Value added for 

each industry is the difference between the value of 

production and the cost of materials and supplies consumed. The methods applied are: 

1. Converting each series into relatives with the 

average for the base period (1967) as 100. 

2. Multiplying each series of relatives by a baseyear weight factor. 

3. Adding the products (relatives multiplied by 

weights) for any one month and dividing by the 

sum of the weights to obtain the index for the 

month. 

SERIES 47 is an index that is computed by combining 

235 series covering all stages of production in manufacturing, mining, and gas and electric utility industries. 

In BCD, series 47 appears under the economic process "production and income." 

SERIES 966 is a diffusion index that measures the percent 

of industries reporting increased production. The 

increases are shown over 1- and 6-month spans. 

Twenty-four industries are included—10 in durable 

manufactures (ordnance is excluded), 10 in nondurable manufactures, and 4 in mining. The index is computed by the Bureau of Economic Analysis. (For an 

industry list, see table C2 in part I of BCD.) 

In BCD, series 966 appears under the category "diffusion indexes/' 

SERIES 73 is an index that measures the production of 

the durable manufactures components of the industrial production index. Durable manufactures include those 

manufactured items with a normal life expectancy of 3 

years or longer. Ordnance, private and government; 

lumber and products; furniture and fixtures; clay, glass, 

and stone products; primary metals; fabricated metal 

products; nonelectrical machinery; electrical machinery; 

transportation equipment; instruments; and miscellaneous manufactures are included. 

In BCD, series 73 appears under the economic process "production and income." 

SERIES 74 is an index that measures the production of 

the nondurable manufactures components of the industrial production index. Nondurable manufactures include 

those manufactured items with a normal life expectancy 

of less than 3 years. Foods, tobacco products, textile 

mill products, apparel products, paper and products, 

printing and publishing, chemicals and products, petroleum products, rubber and plastic products, and 

leather and products are included. 

In BCD, series 74 appears under the economic process "production and income." 

SERIES 76 is an index that measures the production of 

the business equipment components of the industrial 

production index. This group includes industrial equipment for building, mining, manufacturing, and power; 

and commercial, transit, and farm equipment. 

In BCD, series 76 appears under the economic process "fixed capital investment." 

SERIES 75 is an index that measures the production of 

the consumer goods components of the industrial production index. Consumer goods include automotive 

products and home goods in the durable category, and 

clothing and consumer staples in the nondurable goods 

category. 

In BCD, series 75 appears under the economic process "consumption, trade, orders, and deliveries." 

SERIES 557 is an index that measures the production 

of the defense and space equipment components of 

the industrial production index. It includes equipment 

for defense and space purposes produced by private 

industry and plants and shipyards owned and operated 

by the Government. The following items are in this 

group: Electronic communication; aerospace; ordnance; 

Atomic Energy Commission manufacturing for defense 

purposes; military aircraft; military ships from private 

shipyards; Navy, Air Force, and Army ordnance plants; 

and Navy shipyards. 

BCD 1984 13 

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In BCD, series 557 appears under the category 

"defense indicators." 

GOODS OUTPUT 

Series 49. Value of Goods Output in 1972 Dollars 

Source: U.S. Department of Commerce, Bureau of 

Economic Analysis 

(Data contained in this series are seasonally adjusted.) 

IN the national income and product accounts, this series 

is defined as the sum, in constant (1972) dollars, of the 

final sales of goods plus the change in business inventories; or, alternatively, the constant-dollar gross 

national product (GNP) minus the final sales of structures and services. 

"Final sales" measures that part of GNP that is sold 

to final users during the period. It includes sales to 

consumers, gross fixed investment, sales to government, and net sales to foreigners—exports after deductions of imports. Constant-dollar final sales are computed by dividing the seasonally adjusted current-dollar 

components by seasonally adjusted price indexes in as 

fine a breakdown as practicable and totaling the results. 

"Change in business inventories" measures the value 

of the change in the physical volume of farm and nonfarm inventories held by private business. 

In BCD, series 49 appears under the economic process "production and income." 

CAPACITY UTILIZATION 

Series 83. Capacity Utilization Rate, Manufacturers 

Source: U.S. Department of Commerce, Bureau of 

Economic Analysis 

Series 82. Capacity Utilization Rate, Manufacturing 

Series 84. Capacity Utilization Rate, Materials 

Source: Board of Governors of the Federal Reserve 

System 

(Data contained in these series are seasonally adjusted.) 

CAPACITY utilization rates are ratios, expressed as 

percentages, of actual output to capacity output. They 

measure the extent to which industries realize their 

output potential. Capacity output is defined as the level of 

output that can be achieved during a given period with 

existing plant and equipment and with a normal operating 

schedule. A normal operating schedule reflects the 

usual number of full-time hours per shift, shifts per 

day, days per week, overtime hours, vacation hours, 

and hours of downtime for repair and maintenance. It 

is assumed that supplies of labor and other inputs are 

unlimited. This concept of capacity output, which is 

called "maximum practical capacity," varies among 

producing units according to technological requirements 

and custom, and may change over time. 

In BCD, series 83, 82, and 84 appear under the 

economic process "production and income." 

SERIES 83 is based on quarterly surveys, conducted by 

the Bureau of Economic Analysis (BEA), which ask each 

manufacturing company in the sample to report its 

capacity utilization rate for the last month of the quarter. The survey schedule asks each company to follow 

its usual operating practices in defining its capacity, 

but BEA believes most respondents use a measure of 

"maximum practical capacity." 

The aggregate utilization rates are based on individual company rates and are weighted at successive stages 

of aggregation by estimates of capacity weights at the 

company, asset-size, and industry levels, respectively. 

SERIES 82 is a derived measure of capacity utilization. 

The data sets used to estimate capacity by industry 

include: 

1. The Board of Governors of the Federal Reserve 

System (FRB) industrial production indexes. 

2. Surveys of manufacturers' utilization rates from 

McGraw-Hill Information Systems Company and 

the U.S. Department of Commerce, Bureau of 

the Census and BEA. 

3. Gross capital stock estimates. 

4. The McGraw-Hill survey of industrial capacity 

growth. 

5. Capacity estimates in physical units from business and trade associations. 

Preliminary yearend capacity indexes for each industry 

are estimated by dividing the FRB output indexes by 

utilization rate estimates from surveys. These preliminary capacity estimates are sometimes adjusted by 

considering data from the McGraw-Hill yearend capacity 

growth survey and gross capital stock data. Linear interpolation between yearend capacity estimates yields 

monthly estimates. The capacity utilization rate is computed by dividing the monthly seasonally adjusted FRB 

industrial production index by the derived monthly 

capacity index. Capacities for individual industries are 

aggregated using 1967 value-added weights to obtain 

capacity for total manufacturing. The manufacturing 

utilization rate is calculated as a ratio of manufacturing 

production to manufacturing capacity. 

SERIES 84 is derived from weighted averages of output 

and capacity for each of 96 materials components of 

the FRB index of industrial production. The capacity 

series are based on a concept of "maximum practical 

14 The Handbook of Cyclical Indicators 

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Federal Reserve Bank of St. Louis
output." Yearend capacity estimates are derived from 

the FRB indexes of industrial production and capacity 

utilization rates collected and published by trade associations, government agencies, and other sources. The 

utilization rates are determined by statistical procedures similar to those used for series 82 described 

above. 

The capacity utilization rates for total materials are 

available beginning 1967; for prior years, the rates for 

primary processing are used. Primary processing 

includes the following major manufacturing groups: Textiles; coal and petroleum refining; lumber; paper; industrial chemicals; rubber and plastics; stone, clay, and 

glass; and primary and fabricated metals. Total materials includes the manufacturing groups plus mining 

and power. 

NEW AND UNFILLED ORDERS 

Manufacturers' New Orders in Current 

Dollars, Durable Goods Industries 

Manufacturers' New Orders in 1972 Dollars, Durable Goods Industries 

Manufacturers' Unfilled Orders, Durable 

Goods Industries 

Change in Manufacturers' Unfilled Orders, 

Durable Goods Industries 

Manufacturers' New Orders in 1972 Dollars, Consumer Goods and Materials Industries 

Manufacturers' New Orders in Current 

Dollars, Nondefense Capital Goods Industries 

Manufacturers' New Orders in 1972 Dollars, Nondefense Capital Goods Industries 

Manufacturers' New Orders, Defense Products 

Manufacturers' Unfilled Orders, Defense 

Products 

Diffusion Index of Manufacturers' New 

Orders, 34-35 Durable Goods Industries 

. Department of Commerce, Bureau of 

Census and Bureau of Economic Analysis 

(Data contained in these series are seasonally adjusted; new orders are adjusted also for holiday and working day differences.) 

THE following series are estimates of manufacturers' 

new or unfilled orders based on data collected in the 

monthly manufacturers' shipments, inventories and 

orders survey by the Bureau of the Census. The survey 

includes most manufacturing companies with 1,000 or 

more employees and selected smaller companies. Companies with less than 100 employees are not sampled; 

data for these companies are estimated using overall 

industry averages. For firms that operate in a single 

industry category, the reporting unit typically comprises 

Series 6. 

Series 7. 

Series 96. 

Series 25. 

Series 8. 

i 

Series 24. 

Series 27. 

Series 548. 

i 

Series 561. 

i 

i 

Series 964. 1 

i 

Source: U.S. 

the 

all operations of the company. At the request of the 

Census Bureau, most larger diversified companies file 

separate reports for divisions that operate in different 

industrial areas. The survey methodology assumes that 

the month-to-month changes in the data from the 

reporting units classified in each industry category effectively represent the month-to-month movements of 

the establishments in the Standard Industrial Classification industries that make up the category. 

New orders are intents to buy for immediate or future 

delivery. Only orders supported by binding legal documents, such as signed contracts, letters of intent, or 

letters of award, are included. The monthly series include 

new orders received during the month less cancellations. Reporting companies are instructed to include: 

1. The sales value of orders for goods to be delivered at some future date. 

2. The sales value of orders for immediate delivery that have resulted in sales during the reporting period. 

3. The net sales value of contract change documents that increase or decrease the sales value 

of the orders to which they are related, if the 

parties are in substantial agreement on the 

amount involved. 

From the total of these items, companies are instructed to deduct the value of partial or complete cancellations of existing orders. 

Unfilled orders are orders that have been received 

but have not yet passed through the sales account. 

Generally, unfilled orders at the end of the reporting 

period are equal to unfilled orders at the beginning of 

the period, plus net new orders received during the 

period, minus net sales. 

While both new orders and unfilled orders are used in 

reviewing individual company reports for consistency, 

only unfilled orders are estimated directly in the tabulated totals. This is done for two reasons: 

1. Many companies supply new orders data only 

for those activities with a backlog of unfilled 

orders and omit from new orders the value of 

shipments for goods delivered from inventories 

or current production. 

2. It preserves the identity between orders and 

shipments; that is, new orders is equal to the 

current value of shipments plus the change in 

unfilled orders. 

Therefore, the new orders series is derived directly 

from the shipments and unfilled orders series using the 

above formula. Also, the new orders series is not seasonally adjusted independently but is derived from the 

seasonally adjusted shipments and unfilled orders series. 

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In many nondurable goods industries and a few durable goods industries, unfilled orders data are not tabulated either because they are not reported by the respondents or because nearly all orders are shipped from 

inventories or current production. The best estimate 

of new orders for these industries is the value of current shipments; therefore, these are included in the 

tabulations. 

The constant-dollar new orders series are deflated 

by the Bureau of Economic Analysis (BEA) using the 

appropriate Producer Price Indexes. These indexes, 

which are compiled by the U.S. Department of Labor, 

Bureau of Labor Statistics (BLS), measure average 

changes in prices received in primary markets in the 

United States. They are designed to measure "pure" 

price changes; i.e., price changes not influenced by 

changes in quality, quantity, shipping terms, or product mix. The deflators are seasonally adjusted either 

by BLS or by BEA using seasonal adjustment factors 

supplied by BLS. 

SERIES 6 and 7 measure the value of new orders of 

durable goods manufacturers in current dollars and 

constant (1972) dollars, respectively. Series 7 is computed by deflating the seasonally adjusted current-dollar 

series (series 6) by the seasonally adjusted Producer 

Price Index for durable manufactures. 

SERIES 96 and 25 measure the current-dollar value of 

unfilled orders of durable goods manufacturers and 

the month-to-month amount of change in unfilled orders 

of durable goods manufacturers, respectively. 

Durable goods are defined as those items with a 

normal life expectancy of three years or more. Included in this group are stone, clay, and glass products; 

primary metals; fabricated metal products; machinery 

except electrical; electrical machinery; transportation 

equipment; instruments and related products; and other 

durable goods (lumber and wood products, furniture 

and fixtures, and miscellaneous manufactured goods). 

In BCD, series 6, 7, 96, and 25 appear under the 

economic process "consumption, trade, orders, and 

deliveries." 

SERIES 8 measures new orders for consumer goods 

and materials in constant (1972) dollars. These new 

orders include the durable goods industries other than 

capital goods and defense producers and the four nondurable goods industries that have unfilled orders: Textile 

mill products; paper and allied products; printing, publishing, and allied products; and leather and leather 

products. 

For the period prior to 1953 for the durables and 

prior to 1958 for the nondurables, aggregated totals 

were deflated using fixed (1958) weights for the components of the Producer Price Indexes. From 1953 to 

date for the durables and 1958 to date for the nondurables, the deflation was performed separately for each 

2-digit Standard Industrial Classification industry included in the two totals, and therefore reflects current 

weights for each of the components. 

In BCD, series 8 appears under the economic process "consumption, trade, orders, and deliveries." 

SERIES 24 and 27 measure the value of new orders 

received by a subgroup of durable goods manufacturers in capital goods nondefense industries in current 

and constant (1972) dollars, respectively. Included are 

producers of: 

1. Nonelectrical machinery—including steam engines and turbines; internal combustion engines; 

construction, mining, and material-handling 

equipment; metalworking machinery; special 

industry equipment; general industry equipment; 

office and computer equipment; service industry machinery; and miscellaneous nonelectrical equipment; but excluding farm machinery 

and machine shops. 

2. Electrical machinery—including electrical transmission and distribution equipment, electrical 

industrial apparatus, other electrical machinery, and the nondefense portion of communication equipment, but excluding household appliances, radio and TV, and electronic components. 

3. Transportation equipment—railroad equipment 

and the nondefense portions of: Shipbuilding; 

military tank vehicles; and aircraft, missiles, and 

parts. 

4. Fabricated metals—the nondefense portion of 

ordnance. 

Prior to 1968, the data include all machinery and 

equipment industries and are not comparable with data 

for subsequent years. The 1972 dollar series (series 

27) is the sum of current-dollar components of series 

24 that have been deflated by BEA using appropriate 

combinations of Producer Price Indexes. 

In BCD, series 24 and 27 appear under the economic 

process "fixed capital investment." 

SERIES 548 and 561 measure the value of manufacturers' new orders and unfilled orders, respectively, for 

defense products. 

Data are based on separate reports covering only the 

defense work of large defense contractors in the 

ordnance and accessories; communication equipment; 

aircraft, missiles, and parts; and shipbuilding and tanks 

industries. These defense products only include data 

16 The Handbook of Cyclical Indicators 

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for contracts with the U.S. Department of Defense, 

including Defense Department contracts for which the 

ultimate consumer is a foreign government, such as 

contracts made under the Foreign Military Assistance 

Program. 

In BCD, series 548 and 561 appear under the category "defense indicators." 

SERIES 964 is a diffusion index that measures the percent 

of industries that report increases in new orders. The 

increases are shown over 1- and 9-month spans. The 

index is computed by BEA from components which 

represent 35 industries prior to 1977 and 34 industries 

from 1977 to date. 

In BCD, series 964 appears under the category "diffusion indexes." 

VENDOR PERFORMANCE 

Series 32. Vendor Performance, Percent of Companies Receiving Slower Deliveries 

Source: Purchasing Management Association of Chicago 

(Data contained in this series are not seasonally 

adjusted.) 

SERIES 32 measures the percentage of purchasing 

agents in the Greater Chicago area who experienced 

slower deliveries in the current month compared with 

the previous month. It tends to reflect the volume of 

business being handled by the suppliers of these firms, 

with slower deliveries usually indicating a higher volume of business. 

The survey is conducted monthly among 200 of the 

approximately 1,000 members of the Purchasing Management Association of Chicago (PMAC). On the basis 

of information supplied by the Chicago Association of 

Commerce and Industry, the PMAC sample is selected 

to represent proportionally the following 15 industries 

in the Greater Chicago area: Primary metals, 14 percent; 

food, 12 percent; nonelectrical machinery, 12 percent; 

electrical machinery, 11 percent; fabricated metal products, 10 percent; printing, 9 percent; chemicals, 8 

percent; transportation, 6 percent; apparel and finished 

textile products, 3 percent; professional and scientific 

instruments, 2.5 percent; stone, clay, and glass, 2.5 

percent; paper and allied products, 2 percent; petroleum 

and coal, 2 percent; furniture and fixtures, 1.7 percent; 

and all other, 4.3 percent. 

Each month, respondents are asked to report whether 

deliveries are faster than last month, the same as last 

month, or slower than last month. PMAC publishes the 

percentage of respondents reporting in each category. 

The series published in BCD shows the percentage 

of companies receiving slower deliveries and is computed by summing the PMAC percentage receiving slower 

deliveries plus one-half of the percentage receiving 

deliveries unchanged from the previous month. 

In BCD, series 32 appears under the economic process "consumption, trade, orders, and deliveries." 

MANUFACTURING AND TRADE 

INVENTORIES AND SALES 

Series 65. Manufacturers' Inventories, Finished Goods, 

Book Value 

Series 71. Manufacturing and Trade Inventories, Book 

Value 

Series 70. Manufacturing and Trade Inventories in 

1972 Dollars 

Series 31. Change in Manufacturing and Trade Inventories, Book Value 

Series 36. Change in Manufacturing and Trade Inventories on Hand and on Order in 1972 

Dollars 

Series 78. Manufacturers' Inventories, Materials and 

Supplies on Hand and on Order, Book 

Value 

Series 38. Change in Manufacturers' Inventories, 

Materials and Supplies on Hand and on 

Order, Book Value 

Series 56. Manufacturing and Trade Sales in Current Dollars 

Series 57. Manufacturing and Trade Sales in 1972 

Dollars 

Series 77. Ratio, Manufacturing and Trade Inventories to Sales in 1972 Dollars 

Series 69. Manufacturers' Machinery and Equipment 

Sales and Business Construction Expenditures 

Series 559. Manufacturers' Inventories, Defense Products, Book Value 

Series 588. Manufacturers' Shipments, Defense Products 

Source: U.S. Department of Commerce, Bureau of 

the Census and Bureau of Economic Analysis 

(Data contained in these series are seasonally adjusted; sales and shipments are adjusted also for holiday 

and working day differences.) 

THESE series measure the inventories or sales of manufacturing, merchant wholesalers, and retail establishments. Inventories and sales of agriculture, forestry, and fishing; mining; construction; nonmerchant 

wholesalers (sales branches of manufacturing companies, agents, brokers, and commission merchants); 

transportation, communication, electric, gas, and sanitary services; finance, insurance, and real estate; and 

services are excluded. The series are compiled from 

data collected each month by the Bureau of the Census 

in the shipments, inventories, and orders survey and in 

the merchant wholesalers and retail trade surveys. 

They are adjusted to benchmarks from the 5-year 

censuses of manufactures, wholesale trade, and retail 

trade and to interim annual surveys. 

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The monthly series on manufacturers' inventories 

and sales have been compiled by the Census Bureau 

since 1957; prior to that year, the survey was conducted by the Bureau of Economic Analysis (BEA). Merchant wholesalers' inventories and sales and retail sales 

have been collected and published by the Census Bureau 

since 1954 and 1951, respectively. Retail inventories 

have been collected and published by the Census Bureau 

since January 1979. For prior years, these series were 

published by BEA from sample data collected by the 

Census Bureau. 

Manufacturers' inventories are book values of stockson-hand at the end of the month, and include materials and supplies, work in process, and finished goods. 

Inventories associated with nonmanufacturing activities of manufacturing companies are excluded. Inventories are valued according to the valuation method 

used by each company, and the aggregates are a mixture of LIFO (last-in-first-out) and non-LIFO values. 

Annual information is obtained on the portions of 

inventories valued by the various accounting methods. 

Merchant wholesalers' and retail inventories are also 

book values of merchandise-on-hand at the end of the 

month. Goods held on consignment by wholesalers and 

retailers are excluded. 

Manufacturers' sales are the value of their shipments 

for domestic use or export. Shipments are measured 

by receipts, billings, or the value of products shipped 

(less discounts, returns, and allowances) and generally 

exclude freight charges and excise taxes. Shipments 

from one division to another within the same company 

in the United States and shipments by domestic firms 

to foreign subsidiaries are included, but shipments by 

foreign subsidiaries are excluded. For some aircraft 

and all shipbuilding, the "value of shipments" is the 

value of the work done during the period covered, rather 

than the value of the products physically shipped. 

Merchant wholesalers' sales include sales of merchandise and receipts from repairs or other services (after 

deducting discounts, returns, and allowances) and sales 

of merchandise for others on a commission basis. Sales 

taxes and Federal excise taxes are excluded. 

Retail sales include total receipts from customers after 

deductions of refunds and allowances for merchandise 

returned. Receipts from rental or leasing of merchandise and from repairs and other services to customers 

are included also. Since 1967, finance charges, and 

sales and excise taxes collected from customers and 

paid to tax agencies by the retailer are excluded. 

Manufacturers' inventories and sales of defense products are based on separate reports covering only the 

defense work of large defense contractors in the 

ordnance and accessories; communication equipment; 

aircraft, missiles, and parts; and shipbuilding and tank 

industries. These defense products cover only work for 

the U.S. Department of Defense and orders from foreign governments for military goods contracted through 

the Defense Department. 

SERIES 65 measures the book value of products on 

which manufacturers have completed processing and 

that are ready for shipment to customers. Inventories 

of goods bought for resale without further processing 

also are included. 

In BCD, series 65 appears under the economic process "inventories and inventory investment." 

SERIES 71 and 70 are measures of the dollar value of 

inventories held by manufacturing, merchant wholesalers, and retail establishments in book value and 

constant (1972) dollars, respectively. The book-value 

components are combined into a single series by the 

Census Bureau. 

Series 70 is computed by BEA by deflating components of series 71 by appropriate combinations of Producer Price Indexes compiled by the U.S. Department 

of Labor, Bureau of Labor Statistics (BLS). For 1958 

and subsequent years, each industry in the three components has been deflated separately using weighted 

averages of Producer Price Indexes with appropriate 

lag structures. The lag structures are based on information on inventory turnover periods developed from 

stock/sales ratios and survey data on inventory accounting practices. Prior to 1958, the aggregate of the three 

components was deflated using a lagged 4-month moving 

average of the Producer Price Index for Industrial Commodities. The book-value inventory estimates and the 

deflators are seasonally adjusted prior to the deflation. 

In BCD, series 71 and 70 appear under the economic 

process "inventories and inventory investment." 

SERIES 31 measures the month-to-month amount of 

change in series 71. Changes in book value of these 

inventories reflect changes in replacement costs as 

well as changes in physical volume. 

In BCD, series 31 appears under the economic process "inventories and inventory investment." 

SERIES 36 measures the month-to-month amount of 

change, in constant (1972) dollars, in manufacturing 

and trade inventories and manufacturers' unfilled orders 

(excluding unfilled orders for capital goods and defense 

products). The components of each series are deflated 

separately and then combined into a total from which 

monthly changes are computed. 

The constant-dollar manufacturing and trade inventories component is series 70, described above. Manufacturers' unfilled orders measure the end-of-month 

constant-dollar value of orders that have been received 

but have not yet passed through the sales accounts. 

(See the New and Unfilled Orders section in this Handbook.) The unfilled orders data are deflated separately at the 2-digit Standard Industrial Classification (SIC) 

industry level, using appropriate Producer Price Indexes 

18 The Handbook of Cyclical Indicators 

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beginning with 1953 for the eight durable-goods industries and beginning with 1958 for the four nondurablegoods industries. Prior to these dates, the aggregate 

durable and nondurable levels were each deflated using 

fixed-weighted averages (1958 weights) of Producer 

Price Indexes as deflators. 

The series is shown in BCD as the month-to-month 

amounts of change and as 4-term moving averages of 

the monthly changes (weighted 1,2,2,1) and placed on 

the terminal month of the span. 

In BCD, series 36 appears under the economic process "inventories and inventory investment." 

SERIES 78 measures the value of manufacturers' materials and supplies inventories plus their unfilled orders 

for construction and other materials and supplies. Inventory data are defined above. Manufacturers' unfilled 

orders measure the end-of-month dollar value of orders 

that have been received but have not yet passed through 

the sales accounts. 

In BCD, series 78 appears under the economic process "inventories and inventory investment." 

SERIES 38 measures the month-to-month amount of 

change in series 78, described above. Because different methods of inventory valuation are used by establishments in the sample, the aggregate inventories for 

an industry and the monthly change may represent a 

mix of pricing methods. 

In BCD, series 38 appears under the economic process "inventories and inventory investment." 

SERIES 56 and 57 measure the monthly volume of 

sales of manufacturing, merchant wholesalers, and retail 

establishments in current and constant (1972) dollars, 

respectively. 

Deflated sales (series 57) are computed by BEA as 

follows: Manufacturers' sales (shipments) are deflated 

at the 3- and 4-digit SIC industry levels primarily using 

appropriate Producer Price Indexes combined with 1977 

product-class shipments weights; wholesale sales are 

deflated by kind of business primarily using appropriate Producer Price Indexes combined with 1977 Census commodity-line sales weights; and retail sales are 

deflated by kind of business using components of the 

BLS Consumer Price Index for All Urban Consumers 

combined with 1972 Census commodity-line sales 

weights. 

In BCD, series 56 and 57 appear under the economic 

process "consumption, trade, orders, and deliveries." 

ments to the constant-dollar value of monthly sales of 

these establishments. 

Series 77 is computed by dividing series 70, which is 

in 1972 dollars, by series 57, also in 1972 dollars, and 

expressing the result as a ratio. The ratio is computed 

after the inventory components are adjusted for seasonal variations, and the sales components are adjusted for holiday and working day differences and for 

seasonal variations. 

In BCD, series 77 appears under the economic process "inventories and inventory investment." 

SERIES 77 measures the ratio of the end-of-month 

constant-dollar value of inventories on hand in manufacturing, merchant wholesalers, and retail establishSERIES 69 measures the value of manufacturers' shipments (sales) of nondefense capital goods, and new 

construction put in place for private industrial and commercial use. 

The term "shipments" is defined above. The manufacturers' shipments component includes the following industry categories: 

1. Nonelectrical machinery—including steam 

engines and turbines; internal combustion 

engines; construction, mining, and materialhandling equipment; metal-working machinery; special industry machinery; general industry machinery; office and computing equipment; 

service industry machinery; and miscellaneous 

nonelectrical equipment. 

2. Electrical machinery—including electrical transmission and distribution equipment, electrical 

industrial apparatus, nondefense communication 

equipment, and other electrical machinery 

(excluding household appliances, radio and TV, 

and electronic components). 

3. Transportation equipment—railroad equipment 

and nondefense portions of: Shipbuilding; military tank vehicles; and aircraft, missiles, and 

parts. 

4. Fabricated metals products—the nondefense 

portion of ordnance. 

The "value of new commercial and industrial construction put in place" component is compiled by the 

Census Bureau from: 

1. Monthly progress reports from owners of a sample of construction projects in the 50 States 

and the District of Columbia for 1968 to date. 

2. Monthly progress reports (from the 37 States 

east of the Rocky Mountains) and estimates 

(for the 13 Western States) for July 1962 through 

1967. 

3. Data on value of contracts awarded (time phased 

using progress patterns) for the period prior to 

July 1962. 

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In BCD, series 69 appears under the economic process "fixed capital investment." 

SERIES 559 measures the book value of manufacturers' inventories of defense products. Materials and 

supplies, work in process, and finished goods inventories are included. Goods for which the company has 

received progress or partial payments are excluded. 

In BCD, series 559 appears under the category 

"defense indicators." 

SERIES 588 measures manufacturers' shipments of 

defense products valued at received or receivable net 

selling prices, f.o.b. plant, after discounts and allowances, and excluding freight charges and excise taxes. 

The series also includes receipts for contract work and 

for miscellaneous activities, such as sale of scrap and 

refuse, installation work by manufacturing plant employees, research and development, and repairs. For 

multiunit companies, the manufacturer is requested to 

report as sales the value of products transferred to 

other establishments of the same company (i.e., other 

manufacturing plants, separate sales branches, or retail 

stores). 

In BCD, series 588 appears under the category 

"defense indicators." 

RETAIL SALES 

Series 54. Sales of Retail Stores in Current Dollars 

Series 59. Sales of Retail Stores in 1972 Dollars 

Source: U.S. Department of Commerce, Bureau of 

the Census and Bureau of Economic Analysis 

(Data contained in these series are adjusted for holidays and trading day differences and for seasonal 

variations.) 

SERIES 54 and 59 measure the net sales and receipts 

of establishments primarily engaged in retail trade in 

current and constant (1972) dollars, respectively. 

Wholesale sales of retail establishments are included 

but retail sales of manufacturing, wholesale, service, 

and other establishments whose primary activity is not 

retail trade, are not. 

Net sales are defined as cash and credit sales less 

discounts, refunds, and allowances for returned merchandise, but without deductions for trade-in allowances. Receipts include payments for rental or leasing 

of merchandise to customers and for repair and other 

services. Commissions from vending machine operators 

and nonoperating income, such as investments and 

real estate are not included. Since 1967, finance charges, 

and sales and excise taxes collected from customers 

and paid directly to tax agencies also are excluded. 

A retail establishment is defined as one engaged primarily in selling merchandise for personal or household consumption. The term "establishment" refers 

to the physical location at which the retail business is 

conducted—therefore, a company or enterprise may 

consist of one or more establishments. If two or more 

activities are carried on at a single location, the entire 

establishment is classified on the basis of its major 

activity. 

Since 1951, sales of retail stores are estimated by 

the Bureau of the Census from data reported in its 

monthly survey of retail establishments. These estimates are prepared from probability sample data stratified by industry, size, and geographic location. They 

are derived by weighting the reported sales of each 

establishment in the sample by a value inversely proportionate to its probability of selection. Data are adjusted to the levels reported in the census of retail trade 

collected in selected years and to the annual surveys of 

retail trade. 

For 1947 to 1950, the Bureau of Economic Analysis 

(BEA) prepared a series that is similar to the Census 

Bureau series. 

The 1972 dollar series (series 59) is computed by 

BEA by deflating the seasonally adjusted current-dollar 

series by combinations of Consumer Price Indexes compiled by the U.S. Department of Labor, Bureau of Labor 

Statistics. 

In BCD, series 54 and 59 appear under the economic 

process "consumption, trade, orders, and deliveries." 

CONSUMER SENTIMENT 

Series 58. Index of Consumer Sentiment 

Source: University of Michigan, Survey Research 

Center 

(Data contained in this series are not seasonally 

adjusted.) 

THIS index is based on personal and telephone interviews with a nationwide sample of respondents selected by multistage area probability sampling. 

Data are quarterly for the period 1952 through 1977 

and are based on surveys of approximately 1,200 to 

2,000 respondents. Beginning with 1978, the data are 

monthly and are based on surveys of 700 to 800 respondents. The questions asked in the monthly and the 

quarterly surveys are the same; therefore, data from 

the two surveys are considered comparable. 

The index is based on responses to five of the questions included in the survey: 

1. An opinion on the financial condition of the 

respondent and his family at present compared 

to a year earlier. 

2. An opinion on the financial condition of the 

respondent and his family 1 year hence compared to the present. 

3. An opinion on business conditions in the United 

States in the next 12 months. 

20 The Handbook of Cyclical Indicators 

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4. An opinion on business conditions in the United 

States during the next 5 years. 

5. Whether the present is a good or bad time to 

purchase consumer durables. 

The responses to each question are grouped into three 

categories: 

1. Up, better, or good. 

2. Same, no change, or uncertain. 

3. Down, worse, or bad. 

For each question, the proportion of "down" responses is subtracted from the proportion of "up" responses. To avoid negative numbers, 100 is added to this 

difference. These results for each of the five questions 

are averaged (unweighted), and the average is converted to an index with the first quarter of 1966=100. 

Beginning with 1960, 2.7 is added to each index. This 

adjusts the current indexes, which are based on responses from any adult in a household, to the level of indexes 

for the earlier period, when respondents included heads 

of households only. Beginning with December 1981, 

this factor was changed to 2.0 to reflect the adoption 

of a new method of weighting respondents by age and 

income. Differences in the index values exceeding 1.3 

points are significant at the one-standard-error level. 

In BCD, series 58 appears under the economic process "consumption, trade, orders, and deliveries." 

BUSINESS FORMATION 

Series 12. Index of Net Business Formation 

Source: U.S. Department of Commerce, Bureau of 

Economic Analysis 

Series 13. Number of New Business Incorporations 

Source: Dun & Bradstreet, Inc. 

(Data contained in these series are seasonally adjusted.) 

SERIES 12 provides a monthly estimate of the net formation of business enterprises. There are no direct 

measures of the monthly change in the total business 

population. However, it is believed that this estimate 

adequately represents the short-term movement of 

new entries into, and departures from, the total business population. 

The series is a composite index (1967 = 100) computed from the following data: 

1. New business incorporations. This series measures the number of domestic stock profit companies receiving charters each month under 

the general business incorporation laws of the 

50 States and the District of Columbia. (For 

more detailed description of this series, see 

series 13 below.) 

2. Number of business failures. A business failure 

is defined as "a concern that is involved in a 

court proceeding or a voluntary action that is 

likely to result in loss to creditors." Firms that 

are liquidated, merged, sold, or otherwise discontinued without loss to creditors are not considered failures. Data are for the 50 States and 

the District of Columbia. This component is 

inverted before inclusion in the index. 

3. Confidential data on telephones installed prior 

to 1979 and confidential public utilities information for 1979 forward. 

Data are seasonally adjusted by the Bureau of Economic Analysis (BEA) beginning 1960 and by the National 

Bureau of Economic Research (NBER) for the period 

prior to 1960. 

In BCD, series 12 appears under the economic process "fixed capital investment." 

SERIES 13 measures the number of domestic stock 

profit companies receiving charters each month under 

the general business incorporation laws of the 50 States 

and the District of Columbia. New incorporations include 

completely new businesses that are incorporated, existing businesses that are changed from a noncorporate 

to a corporate form of organization, existing corporations that have been given certificates of authority to 

operate also in another State, and existing corporations transferred to a new State. Data prior to 1947 

cover only the 48 contiguous States. Hawaii was added 

in 1958, Alaska in 1960, and the District of Columbia in 

1963. 

Data are collected from the Secretary of State of 

each State government. Some data are received directly 

from the States on an ongoing basis; the remaining 

data are collected by Dun & Bradstreet reporters. Data 

are seasonally adjusted by BEA beginning 1960 and by 

NBER for the period prior to 1960. 

In BCD, series 13 appears under the economic process "fixed capital investment." 

CONTRACTS AND ORDERS FOR PLANT 

AND EQUIPMENT 

Series 10. Contracts and Orders for Plant and Equipment in Current Dollars 

Series 20. Contracts and Orders for Plant and Equipment in 1972 Dollars 

Source: McGraw-Hill Information Systems Company, F.W. Dodge Division; U.S. Department 

of Commerce, Bureau of the Census and 

Bureau of Economic Analysis 

Series 9. Construction Contracts Awarded for Commercial and Industrial Buildings, Floor Space 

Source: McGraw-Hill Information Systems Company, 

F. W. Dodge Division 

(Data contained in these series are seasonally adjusted.) 

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SERIES 10 and 20 measure the value of new contracts 

awarded to building, public works, and utilities contractors and of new orders for nondefense goods 

received by manufacturers in capital goods industries. 

They are the sum of the following series: 

1. The value of contracts for commercial and industrial construction about to get underway on 

commercial buildings (banks, offices and lofts, 

stores, warehouses, garages, and service stations), and manufacturing buildings (for processing or mechanical usage). 

2. The value of contracts for privately owned 

nonbuilding construction about to get under 

way on streets and highways, bridges, dams 

and reservoirs, waterfront developments, sewerage systems, parks and playgrounds, electric 

light and power systems, gas plants and mains, 

oil and gas well pipelines, water supply systems, 

railroads, and airports (excluding buildings). 

3. Manufacturers' new orders received by capital 

goods, nondefense industries (BCD series 24 

for the current-dollar series and series 27 for 

the constant-dollar series). 

The construction contracts data are compiled by the 

McGraw-Hill Information Systems Company, F.W. Dodge 

Division. Data cover the value of new construction, 

additions, and major alterations; maintenance work is 

excluded. F.W. Dodge construction statistics are based 

on data obtained from reports to F.W. Dodge supplemented by permit-place reports. The valuation figures 

approximate actual construction costs exclusive of land, 

architects' fees, and, in the case of manufacturing buildings, the cost of equipment that is not an integral part 

of the structure. Beginning with January 1969, data 

cover construction in the 50 States and the District of 

Columbia. In the period 1956-68, data cover the 48 

contiguous States and the District of Columbia; prior 

to 1956, only the 37 States east of the Rocky Mountains and the District of Columbia are included. The F. 

W. Dodge data are seasonally adjusted by the Bureau of 

Economic Analysis (BEA). 

To obtain the construction contracts data (two of 

the three components of series 20) in constant (1972) 

dollars, current-dollar data are deflated by an implicit 

price deflator obtained by dividing the current-dollar 

value of nonresidential construction put in place by the 

1977-dollar value of nonresidential construction put in 

place and converting the resulting ratios to an index on 

a 1972 base. (Values of nonresidential construction— 

in current and constant dollars—are obtained by subtracting from the total values of new construction the 

values for private residential buildings and for public 

housing and redevelopment.) 

Manufacturers' new orders in 1972 dollars (series 

27) is the sum of current-dollar components of series 

24 deflated by appropriate combinations of Producer 

Price Indexes compiled by the U.S. Department of Labor, 

Bureau of Labor Statistics. 

To obtain series 10 and 20, the three components in 

current and 1972 dollars, respectively, are aggregated. 

In BCD, series 10 and 20 appear under the economic 

process "fixed capital investment." 

SERIES 9 measures the amount of floor space, in both 

square feet and square meters, specified in new contracts for work about to get underway on commercial 

buildings (banks, offices and lofts, stores, warehouses, 

garages, and service stations) and manufacturing buildings (for processing or mechanical use). 

BEA obtained permission from McGraw-Hill Information Systems Company, F.W. Dodge Division, to use 

copyrighted data beginning with 1948, converted the 

series to metric units, and seasonally adjusted it. 

In BCD, series 9 appears under the economic process "fixed capital investment." 

CAPITAL APPROPRIATIONS, 

MANUFACTURING 

Series 11. Newly Approved Capital Appropriations, 

1,000 Manufacturing Corporations 

Series 97. Backlog of Capital Appropriations, 1,000 

Manufacturing Corporations 

Series 965. Diffusion Index of Newly Approved Capital Appropriations in 1972 Dollars, 17 

Manufacturing Industries 

Source: The Conference Board, Inc. 

(Data contained in these series are seasonally adjusted.) 

SERIES 11 and 97 measure funds authorized for capital 

expenditures by the thousand largest U.S. manufacturing 

firms ranked by total assets. Data are collected by The 

Conference Board in quarterly surveys of these firms. 

A "capital appropriation" constitutes authority to 

incur obligations for new plant and equipment that has 

been granted by the board of directors or president of 

the company. Appropriations for capital expenditure 

cover: 

1. Construction of new buildings and plants, and 

additions to or improvement of existing buildings and plants. 

2. Equipment, such as new machinery, motor vehicles for business use, office machines, and storage equipment. 

Wherever possible, appropriations for land, maintenance 

and repair, used equipment and buildings, construction and equipment outside the United States, acquisition of existing companies, and leases for land or mineral rights are excluded. 

22 The Handbook of Cyclical Indicators 

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Series 11 measures capital appropriations that were 

approved during the survey quarter. It reflects business plans that have been approved by top management officials and may be considered a barometer of 

business planning and expectations. 

The appropriations backlog (series 97) represents 

capital appropriations that were neither cancelled nor 

spent by the end of the survey quarter. (The backlog at 

the end of the quarter is equal to the backlog outstanding 

at the beginning of the quarter, plus new appropriations approved during the quarter, minus capital expenditures during the quarter, minus cancellations.) 

In BCD, series 11 and 97 appear under the economic 

process "fixed capital investment." 

SERIES 965 is a diffusion index that measures the percent 

of industries that have reported increases in newly 

approved capital appropriations in 1972 dollars (series 

11, above, deflated by the source agency). The increases 

are shown over 1-quarter spans and as 4-quarter moving 

averages of the 1-quarter span data. The series is 

computed by The Conference Board using data for 17 

industries. 

In BCD, series 965 appears under the category "diffusion indexes." 

NEW PLANT AND EQUIPMENT EXPENDITURES 

Series 61. Expenditures for New Plant and Equipment by U.S. Nonfarm Business 

Series 970. Diffusion Index of Expenditures for New 

Plant and Equipment by U.S. Nonfarm 

Business, 22 Industries 

Source: U.S. Department of Commerce, Bureau of 

Economic Analysis 

(Data contained in these series are seasonally adjusted.) 

SERIES 61 measures expenditures for new plant and 

equipment by nonfarm business in the United States. 

These expenditures usually are charged to fixed asset 

accounts and are depreciated or amortized by the company. They include expenditures for replacement or 

expansion of existing facilities, for new facilities, and 

for exploration and development. They exclude expenditures for maintenance and repair, used capital goods 

(whether purchased or acquired through mergers and 

acquisitions), capital goods located outside the United 

States, land and mineral rights, and residential construction. 

Nonfarm business includes the following major industry 

groups: Manufacturing; mining; transportation; public 

utilities; wholesale and retail trade; finance, insurance, 

and real estate; personal, business, and professional 

services; communications; and other (construction; 

social services and membership organizations; and forestry, fisheries, and agricultural services). 

The series has two major components: Plant and 

structures, and machinery and equipment. "Plant and 

structures" includes factories, warehouses, stores, 

shopping centers, mines, pipelines, and accessory structures; additions and alterations to structures; items 

that are integral parts of structures (such as utility 

lines, elevators, power plants, and centralized heating 

and cooling equipment); parking lots and other land 

improvements; and exploration and development of 

properties. "Machinery and equipment" includes machinery for factories, mines, warehouses, stores, and 

offices; and equipment such as automobiles, trucks, 

computers, and furniture and fixtures. 

Estimates are based on quarterly reports collected 

by the Bureau of Economic Analysis (BEA) from a sample of companies that accounted for about 53 percent 

of the 1972 expenditures universe. Expenditures usually 

are reported for the quarter in which payment is made 

to the supplier, but in force account work, they are 

reported for the quarter in which costs are incurred. 

On long-term projects, payments usually are made 

during the period of construction or production. Expenditures are reported on a company basis with each company classified in the industry in which the largest volume of its sales or payrolls fall. In each survey, the 

respondent reports actual expenditures for the previous quarter, planned expenditures one quarter ahead 

(the current quarter), two quarters ahead, and three 

quarters ahead. 

The methodology used to estimate actual plant and 

equipment expenditures consists of three steps: The 

benchmarks, interpolation between benchmarks, and 

extrapolation beyond the last benchmark. The benchmarks are the best possible estimates for each industrysize group for selected years for which universe data 

are available (1948, 1958, 1963, 1967, and 1972). These 

benchmarks set the level for the plant and equipment 

expenditures series. The Enterprise Statistics of the 

U.S. Department of Commerce, Bureau of the Census; 

Statistics of Income of the U.S. Department of the 

Treasury, Internal Revenue Service; reports of Federal 

regulatory agencies; and reports of business associations are the source of the benchmarks. Quarterly estimates derived from the BEA sample are used to interpolate the expenditures for each industry-size group 

for the quarters of each annual benchmark and for the 

quarters between benchmarks. Estimates subsequent 

to the last benchmark (1972) are extrapolated using a 

chain of link relatives derived from the BEA sample. 

Link relatives from the BEA sample are used to link the 

planned expenditures to the actual expenditures reported in each survey. 

The results of each survey are published the last 

month of each quarter and provide estimates of actual 

expenditures for the previous quarter, and planned 

expenditures for the current and following quarters. 

Expenditures are available for total nonfarm business, 

the major sectors, and selected industries. 

BCD 1984 23 

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In BCD, series 61 appears under the economic process "fixed capital investment." 

SERIES 970 is a diffusion index based on published data 

for 22 industries or industry groups that make up the 

aggregate series 61 (see above). Increases over 1-

quarter spans are shown for three closings: 

1. "Actual expenditures" for a specified period— 

this index measures the percentage of industries that report increases in actual expenditures from the preceding to the specified quarter. 

2. "Later projections" for a specified period—this 

index measures the percentage of industries 

that report increases from the actual expenditures in the preceding quarter to the planned 

expenditures for the specified quarter. 

3. "Early projections" for a specified period—this 

index measures the percentage of industries 

that report increases from the revised planned 

expenditures for the preceding quarter to the 

preliminary planned expenditures for the specified quarter. 

In BCD, series 970 appears under the category "diffusion indexes." 

HOUSING STARTS AND PERMITS 

Series 28. New Private Housing Units Started 

Series 29. index of New Private Housing Units Authorized by Local Building Permits 

Source: U.S. Department of Commerce, Bureau of 

the Census 

(Data contained in these series are seasonally adjusted.) 

SERIES 28 and 29 refer to private housing units. A 

housing unit is defined as a single room or group of 

rooms intended for occupancy as separate living quarters by a family, by a group of unrelated persons living 

together, or by a person living alone. Group quarters 

(such as dormitories, fraternity houses, nurses' homes, 

and rooming houses) and all transient accommodations 

are excluded. 

In BCD, series 28 and 29 appear under the economic 

process "fixed capital investment." 

SERIES 28 measures the number of private housing 

units started each month. All types of accommodations 

designed as separate living quarters and constructed 

in new buildings are included, regardless of value or 

quality—i.e., year-round and seasonal houses, prefabricated houses, basement houses, shell houses, and houses built of second-hand materials. 

A housing start is defined as construction begun on a 

new building that is intended primarily as a housekeeping 

residential building designed for nontransient occupancy. 

All housing units in a multifamily building are counted 

as started when excavation of the foundation begins. 

The conversion of either residential or nonresidential 

space to provide additional numbers of housing units 

and the production of mobile homes are excluded. 

In May 1960, statistical procedures were revised, 

and the revisions carried back to January 1959. Annual 

levels for earlier years, furnished to the Bureau of the 

Census by the U.S. Department of Labor, Bureau of 

Labor Statistics, also were revised to make them comparable with those for the later years. The monthly 

series prior to 1959 was then adjusted to equal the new 

annual levels. Data prior to 1959 are not strictly comparable with data for later years because they represent nonfarm housing starts rather than total private 

housing starts covered in subsequent years. However, 

the difference is small—farm housing starts comprise 

less than 2 percent of the total number. 

SERIES 29 is an index (1967 = 100) that measures the 

monthly change in the number of housing units authorized by local permit-issuing places. The data relate to 

the issuance of permits, not to the start of construction, which frequently occurs several months later. 

Furthermore, in a small number of cases, permits are 

not used and are allowed to lapse. 

Data for the period 1948-53 are based on estimates 

of the number of new privately owned dwelling units 

authorized in urban areas as defined in the 1940 Census of Population. Building permit data from reporting 

cities, which represent approximately 85 percent of 

the 1940 urban population, were expanded to represent all urban areas by matching nonreporting to reporting urban places on the basis of city population size and 

location, and applying trend ratios for reporting places 

to the matched nonreporting places. 

From 1954 to 1958, data are based on reports from 

approximately 6,600 permit-issuing places, which 

include practically all large cities; a large proportion of 

smaller cities; and selected counties, towns, and townships. Data for 1959-62 are based on reports from 10,000 

permit-issuing places; for 1963-66, from 12,000 permitissuing places; for 1967-71, from 13,000 permit-issuing 

places; for 1972-77, from 14,000 permit-issuing places; 

and for 1978 to date, from 16,000 permit-issuing places. 

Permits issued by these 16,000 places account for 

approximately 88 percent of all new residential construction in the United States. The remaining 12 percent 

is in areas that do not require building permits. 

These periodic changes in the number of permitissuing places yield data that are not comparable 

between periods. To achieve comparability for use in 

BCD, the seasonally adjusted series for the earlier 

period was adjusted to the level of the current period 

24 The Handbook of Cyclical Indicators 

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(16,000 permit-issuing places) and converted to an 

index, 1967-100. 

SPOT MARKET PRICES 

Series 23. Index of Spot Market Prices, Raw Industrial Materials 

Series 967. Diffusion Index of Spot Market Prices, 

13 Raw Industrial Materials 

Source: U.S. Department of Labor, Bureau of Labor 

Statistics; Commodity Research Bureau, Inc.; 

U.S. Department of Commerce, Bureau of 

Economic Analysis 

(Data contained in these series are not seasonally 

adjusted.) 

SERIES 23 is an index (1967 = 100) that measures the 

spot market price movements of a group of 13 raw 

industrial materials on commodity markets and organized exchanges. It is one of two major groups (the other 

being foodstuffs) of the source agencies' index of spot 

market prices for 22 sensitive basic commodities whose 

markets are presumed to be among the first to be 

influenced by changes in economic conditions. The 

commodities used are either raw materials or products close to the initial production stage. 

The raw industrial materials group consists of burlap, copper scrap, cotton, hides, lead scrap, print cloth, 

rosin, rubber, steel scrap, tallow, tin, wool tops, and 

zinc. 

The commodities were chosen because they are: 

1. Basic commodities widely used for further 

processing. 

2. Freely traded in an open market. 

3. Sensitive to changing conditions significant in 

those markets. 

4. Sufficiently homogeneous or standardized that 

uniform and representative price quotations can 

be obtained over a period of time. 

Some commodities (such as rubber and tin), which are 

important in international trade, are included to reflect 

the influence of international markets on the economy. 

"Spot" price refers to the price at which a commodity 

is selling for immediate delivery. When the spot price is 

not available, the "bid" or "asked" price is used. The 

prices are obtained from trade publications or from 

Government agencies. 

For the period prior to June 1981, Tuesday spot 

market prices are used. The weekly (Tuesday) indexes 

are unweighted geometric averages of the individual 

commodity price relatives. Monthly indexes are geometric averages of the Tuesday prices for the month. 

The Bureau of Labor Statistics (BLS) is the source 

agency. 

Beginning with June 1981, the monthly index represents averages of daily (excluding weekends) indexes 

for each month. It is compiled by the Commodity 

Research Bureau based on the commodities and methodology initiated by BLS. The Commodity Research 

Bureau index is copyrighted and used by permission in 

BCD. 

In BCD, series 23 appears under the economic process "prices, costs, and profits." 

SERIES 967 is a diffusion index that measures increases in prices of the 13 raw industrial materials components of series 23. The increases are shown over 1-

and 9-month spans. The index is computed by the 

Bureau of Economic Analysis. 

In BCD, series 967 appears under the category "diffusion indexes." 

SENSITIVE MATERIALS PRICES 

Series 99. Change in Sensitive Materials Prices 

Source: U.S. Department of Commerce, Bureau of 

Economic Analysis; U.S. Department of Labor, 

Bureau of Labor Statistics; Commodity Research Bureau, Inc. 

(Data contained in this series are seasonally adjusted.) 

SERIES 99 measures the change in a composite index 

(1967 = 100) based on two sensitive materials price 

series: "Producer price index, 28 sensitive crude and 

intermediate materials" (from which series 98 is computed) and "spot market price index, raw industrial 

materials" (series 23). (For a description of these components, see the Producer Prices and Spot Market 

Prices sections, respectively, in this Handbook.) 

Series 99 is shown as percent changes over 1-month 

spans and as a 4-term moving averages of the monthly 

changes (weighted 1,2,2,1) and placed on the terminal 

month of the span. 

In BCD, series 99 appears under the economic process "prices, costs, and profits." 

STOCK PRICES 

Series 19. Index of Stock Prices, 500 Common Stocks 

Series 968. Diffusion Index of Stock Prices, 500 Common Stocks, 49 to 82 Industries 

Source: Standard & Poor's Corporation; U.S. Department of Commerce, Bureau of Economic 

Analysis 

(Data contained in these series are not seasonally 

adjusted.) 

SERIES 19 is an index that measures the average price 

of stocks listed on the New York Stock Exchange. The 

basic format of the monthly index was introduced in 

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1957; it includes 500 stocks and is on a 1941-43 = 10 

base. The series is based on daily closing prices for the 

month. The price of each stock is weighted by the 

number of shares outstanding. The aggregate current 

market value is computed and expressed as a relative 

of the aggregate market value in the base period. The 

resulting ratios are multiplied by 10. (The base period 

used results in a price index level that for most purposes can be considered as interchangeable into dollars and cents. The level of the index closely approximates the average price level of all the stocks listed in 

the New York Stock Exchange.) The index is modified 

to offset unusual price changes due to issuance of rights, 

stock dividends, splitups, and mergers. 

In July 1976, the index was revised to include some 

over-the-counter stocks, mainly bank and insurance 

stocks. Before the revision, three groups were represented: 425 industrials, 60 utilities, and 15 rails. The 

revised index comprises four groups: 400 industrials, 

40 utilities, 20 transportation, and 40 financial. Fortyfive stocks from the old index also were replaced. 

Each stock in the index must represent a viable enterprise typical of the industry group to which it is assigned. 

Its market price movements must be responsive to 

changes in the industry. Given a choice among a number 

of stocks meeting these criteria, preference will be 

given to the stocks with the largest aggregate market 

value—usually these are also the more actively traded 

issues in the industry. Selection of stocks for addition 

to or removal from the index is the responsibility of the 

500 Index Committee at Standard & Poor's. 

In BCD, series 19 appears under the economic process "prices, costs, and profits." 

SERIES 968 is a diffusion index that measures the percent 

of industries whose stock prices increased. The increases 

are shown over 1- and 9-month spans. The index is 

based on 82 component industries through February 

1963; since then, the number of components has 

declined gradually to 49 by October 1982. The index is 

computed by the Bureau of Economic Analysis. 

In BCD, series 968 appears under the category "diffusion indexes." 

CORPORATE PROFITS 

Series 16. Corporate Profits After Tax in Current 

Dollars 

Series 18. Corporate Profits After Tax in 1972 Dollars 

Series 79. Corporate Profits After Tax With Inventory Valuation and Capital Consumption 

Adjustments in Current Dollars 

Series 80. Corporate Profits After Tax With Inventory Valuation and Capital Consumption 

Adjustments in 1972 Dollars 

Series 22. Ratio, Corporate Domestic Profits After 

Tax to Total Corporate Domestic Income 

Series 81. Ratio, Corporate Domestic Profits After 

Tax With Inventory Valuation and Capital 

Consumption Adjustments to Total Corporate Domestic Income 

Series 34. Corporate Net Cash Flow in Current Dollars 

Series 35. Corporate Net Cash Flow in 1972 Dollars 

Series 295. Business Saving 

Series 286. Corporate Profits Before Tax With Inventory Valuation and Capital Consumption 

Adjustments 

Series 287. Corporate Profits Before Tax With Inventory Valuation and Capital Consumption 

Adjustments as a Percent of National 

Income 

Source: U.S. Department of Commerce, Bureau of 

Economic Analysis 

(Data contained in these series are seasonally adjusted.) 

CORPORATE profits is the income of corporations 

organized for profit and of mutual financial institutions 

that accrues to residents, measured before profits taxes, 

before deduction of depletion charges, after exclusion 

of capital gains or losses, and net of dividends received 

from domestic corporations. In addition to profits earned 

in domestic operations, corporate profits include net 

inflows of dividends from abroad, reinvested earnings 

of incorporated foreign affiliates, and earnings of unincorporated foreign affiliates. In other major respects, 

profits are defined as in Federal income tax regulations. 

Profits tax includes Federal, State, and local taxes on 

corporate income. 

"Inventory valuation adjustment" (IVA) is the change 

in the business inventories component of the gross 

national product (GNP), which is measured as the change 

in the physical volume of inventories valued in prices 

of the current period, less the change in the value of 

inventories reported by business (book value). The IVA 

converts inventories at historical cost, the valuation 

concept generally underlying business accounting, to 

inventories at replacement cost, the concept underlying the national income and product accounts (NIPA's). 

It is required only for nonfarm inventories; the change 

in farm inventories is estimated directly. To make the 

measurement of charges against GNP consistent with 

GNP, IVA must be applied to reported corporate profits 

and proprietors' income. 

"Capital consumption allowances'' consists of depreciation charges and accidental damage to fixed business capital. For nonfarm business, they are as reported on Federal income tax returns. For farms, nonprofit 

institutions, and owner-occupied houses, depreciation 

charges are not based on income tax returns, but instead 

are calculated to conform to NIPA's definitions. 

"Capital consumption adjustment" (CCAdj) for corporations is the tax return-based capital consumption 

allowances less capital consumption allowances that 

are based on estimates of uniform service lives, straight26 The Handbook of Cyclical Indicators 

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line depreciation, and replacement cost. Similar adjustments are applied to proprietors' income and rental 

income of persons. 

SERIES 16 and 18 are measures of corporate profits 

after tax and before IVA and CCAdj, in current and 

constant (1972) dollars, respectively. To compute the 

constant-dollar series (series 18), the current-dollar 

profits after tax series (series 16) is broken into two 

components—dividends and undistributed profits. The 

dividends component is deflated by the implicit price 

deflator for personal consumption expenditures. The 

undistributed profits component is deflated by the 

implicit price deflator for nonresidential fixed investment. 

In BCD, series 16 and 18 appear under the economic 

process "prices, costs, and profits." 

SERIES 79 and 80 are measures of corporate profits 

after tax with IVA and CCAdj, in current and constant 

(1972) dollars, respectively. The constant-dollar series 

(series 80) is computed in the same way as series 18, 

above: The current-dollar series is broken into two 

components—dividends and undistributed profits with 

IVA and CCAdj. The dividends component is deflated by 

the deflator for personal consumption expenditures; 

the undistributed profits with IVA and CCAdj component is deflated by the deflator for nonresidential fixed 

investment. 

In BCD, series 79 and 80 appear under the economic 

process "prices, costs, and profits/' 

SERIES 22 and 81 measure profits after tax originating 

in corporate domestic business as a percent of corporate domestic income. For series 22, the numerator is 

corporate profits after tax before IVA and CCAdj (series 

16) less the net inflow of branch profits, reinvested 

earnings, and dividends from the rest of the world; for 

series 81, it is corporate profits after tax with IVA and 

CCAdj (series 79) with the same deductions. The denominator, corporate domestic income, measures income 

of corporations attributable to labor and property located 

in the United States. It has three components: 

1. Domestic compensation of employees—the 

income accruing to corporate employees as 

remuneration for their work in the form of wages 

and salaries and supplements to wages and salaries (see the Compensation of Employees section of this Handbook for definition). 

2. Domestic corporate profits before taxes with 

IVA and CCAdj, which is described above. 

3. Domestic net interest—the excess of interest 

payments of corporations over their interest 

receipts, including both monetary and imputed 

interest (interest in kind). 

BCD 1984 

In BCD, series 22 and 81 appear under the economic 

process "prices, costs, and profits." 

SERIES 34 and 35 measure corporate net cash flow in 

current and constant (1972) dollars, respectively. 

Corporate net cash flow (series 34) is the sum of undistributed corporate profits (the portion of profits 

remaining after taxes and dividends have been paid) 

and corporate capital consumption allowances (the 

total of depreciation charges and accidental losses to 

fixed capital). Constant-dollar net cash flow (series 35) 

is derived by combining undistributed corporate profits 

deflated by the implicit price deflator for nonresidential fixed investment and corporate capital consumption allowances deflated by the implicit price deflator 

for a range of capital stock items weighted by constantdollar depreciation. 

In BCD, series 34 and 35 appear under the economic 

process "prices, costs, and profits." 

SERIES 295 measures business saving, which consists 

of undistributed corporate profits plus corporate and 

noncorporate capital consumption allowances with 

CCAdj, plus corporate and noncorporate IVA, plus wage 

accruals less disbursements. 

In BCD, series 295 appears under the category 

"saving." 

SERIES 286 measures corporate profits with IVA and 

CCAdj before Federal, State, and local income taxes 

are deducted. 

In BCD, series 286 appears under the category 

"national income and its components." 

SERIES 287 measures the share (in percent) of national income accounted for by corporate profits. The 

numerator is corporate profits before tax with IVA and 

CCAdj (series 286). The denominator is national income 

(series 220)—the income (before deduction of taxes 

on the incomes) that originates in the production of 

goods and services attributable to labor and property 

supplied by residents of the United States. Thus, the 

denominator measures the factor costs of goods and 

services produced. 

In BCD, series 287 appears under the category 

"shares of GNP and national income." 

PROFITS PER DOLLAR OF SALES 

Series 15. Profits After Taxes Per Dollar of Sales, 

Manufacturing Corporations 

Source: U.S. Department of Commerce, Bureau of 

the Census 

(Data contained in this series are seasonally adjusted.) 

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SERIES 15 is the ratio of profits (after income taxes) to 

sales of manufacturing corporations. The profits data 

reflect conventional accounting methods and are based 

on corporations' books of account, not on profits computed for tax purposes. The estimates are based on 

consolidated financial statements collected quarterly 

from stratified probability samples of manufacturing 

corporations drawn from Federal income tax returns. 

Since the third quarter of 1977, corporations with assets 

of less than $250,000 and new births are no longer 

sampled; data for these segments are estimated by 

multivariate techniques. 

The data are affected by the reclassification of companies in the sample in the first quarter of each year to 

reflect changes in their Standard Industrial Classification and by conceptual changes in the survey. To provide comparability, only the four quarters of the previous year are revised to reflect these changes. Retroactive 

changes in tax rates are not incorporated into the data. 

From 1947 to 1973, foreign operations became an 

increasingly significant portion of the data. In the fourth 

quarter of 1973, the sample was restructured to cover 

consolidated domestic operations only. Corporate or 

noncorporate foreign entities, foreign branches, and 

domestic corporations primarily engaged in foreign 

operations were excluded from the consolidated reports. 

The present sample of approximately 7,300 corporations was drawn from a population of approximately 

280,000 corporations. All manufacturing corporations 

with assets greater than $25 million are included—these 

account for 87 percent of the total assets of manufacturing corporations. The composition of the sample 

changes each quarter to relieve small-size corporations of the burden of reporting over a long period and 

to reflect the effect of corporate births, deaths, acquisitions, divestitures, mergers, and consolidations. About 

one-eighth of the sample segments of small-size corporations (those with assets of $25 million or less) is 

replaced each quarter. 

The Federal Trade Commission was responsible for 

the collection and compilation of the data from their 

inception in 1947 through 1982. That responsibility 

was shared with the Securities and Exchange Commission until 1971. Beginning in 1983, the Bureau of the 

Census is responsible for the quarterly financial report 

series. The data are seasonally adjusted by the U.S. 

Department of Commerce, Bureau of Economic Analysis. 

In BCD, series 15 appears under the economic process "prices, costs, and profits." 

PRICE PER UNIT OF LABOR COST 

Series 26. Ratio, implicit Price Deflator to Unit Labor 

Cost, Nonfarm Business Sector 

Source: U.S. Department of Commerce, Bureau of 

Economic Analysis; U.S. Department of Labor, 

Bureau of Labor Statistics 

(Data contained in this series are seasonally adjusted.) 

SERIES 26 is an index (1977 = 100) based on the ratio 

of price to unit labor cost of output in the nonfarm 

business sector. The ratio is computed by dividing the 

implicit price deflator for gross domestic product by 

unit labor cost. 

The implicit price deflator is derived by dividing the 

current-dollar estimate by the constant-dollar estimate of gross domestic product originating in the nonfarm business sector. This product is defined as the 

market value of goods and services produced by nonfarm business with labor and property located in the 

United States, before deductions of depreciation charges 

and other allowances for consumption of fixed capital 

goods and after deduction of other expenses. Gross 

domestic product is estimated by the Bureau of Economic Analysis. 

Unit labor cost measures the labor compensation 

cost required to produce one unit of output. It is derived 

by dividing compensation per hour by output per hour 

and is computed by the Bureau of Labor Statistics. 

Compensation per hour measures the hourly costs of 

wages and salaries and supplemental payments (employer contributions for social insurance and to private 

pension and welfare funds, and directors' fees) in the 

nonfarm business sector. The series also includes estimates of net income and supplements of the selfemployed in the nonfarm business sector. Output per 

hour is the ratio of constant-dollar gross product 

originating in the nonfarm business sector to the corresponding hours worked by persons engaged in the 

sector. 

The two components used to compute the ratios are 

adjusted for seasonal variations. 

In BCD, series 26 appears under the economic process "prices, costs, and profits." 

LABOR COST PER UNIT OF OUTPUT 

Series 63. Index of Unit Labor Cost, Business Sector 

Source: U.S. Department of Labor, Bureau of Labor 

Statistics 

Series 68. Labor Cost in Current Dollars Per Unit of 

Gross Domestic Product in 1972 Dollars, 

Nonfinancial Corporations 

Source: U.S. Department of Commerce, Bureau of 

Economic Analysis 

Series 62. Index of Labor Cost Per Unit of Output, 

Manufacturing 

Source: U.S. Department of Commerce, Bureau of 

Economic Analysis; Board of Governors of 

the Federal Reserve System 

(Data contained in these series are seasonally adjusted.) 

LABOR cost includes wages and salaries and supplements to wages and salaries. Wages and salaries consist of monetary remuneration of employees, including 

compensation of corporate officers; commissions, tips 

28 The Handbook of Cyclical Indicators 

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and bonuses; and payments in kind that represent income 

to the recipients. Supplements to wages and salaries 

consist of employer contributions for social insurance 

and to private pension and welfare funds, and directors' fees. 

Gross domestic product is the market value of goods 

and services produced with labor and property located 

in the United States, before deductions of depreciation 

charges and other allowances for consumption of fixed 

capital goods and after deductions of other expenses. 

In BCD, series 63, 68, and 62 appear under the 

economic process "prices, costs, and profits." 

SERIES 63 is an index (1977=100) that measures changes in the cost of labor input required to produce one 

unit of output in the business sector. It is derived by 

dividing compensation per hour by output per hour and 

converting the resulting ratio to an index. 

Compensation per hour measures the hourly costs 

of wages and salaries and supplemental payments in 

the business sector. The series also includes estimates 

of wages, salaries, and supplements of the self-employed. 

Output per hour is the ratio of constant-dollar gross 

domestic product originating in the business sector to 

the corresponding hours worked by persons engaged 

in the sector. 

The two components used to compute the ratios are 

adjusted for seasonal variation. 

SERIES 68 measures the current-dollar labor cost (compensation of employees) incurred by nonfinancial corporations to produce one 1972 dollar's worth of output. It 

is computed by taking the ratio of compensation of 

employees in current dollars to gross domestic product in 1972 dollars for nonfinancial corporate business. 

Nonfinancial business includes all companies other 

than those engaged in banking; credit agencies other 

than banks; security and commodity brokers, dealers, 

and services; insurance carriers; regulated investment 

companies; small business investment companies; and 

real estate investment trusts. 

Real gross domestic product originating in nonfinancial corporations is equal to the current-period quantities 

of gross product of these corporations attributable to 

labor and property located in the United States valued 

at 1972 prices. It consists of sales by these firms to 

other businesses, consumers, government and foreigners, plus additions to their inventories, less their current purchases from domestic and foreign sources. 

SERIES 62 is an index (1967 = 100) that measures the 

relationship between the volume of production of manufactured goods and the cost of labor involved in that 

production. It is computed by taking the ratio of the 

index of compensation of employees in manufacturing 

to the manufacturing component of the industrial production index and converting the resulting ratios to an 

index. 

The compensation of employees (labor cost) in manufacturing measures the income received by employees 

in manufacturing industries as remuneration for their 

work. It includes wages and salaries and supplements 

to wages and salaries. These seasonally adjusted data, 

which are computed by the Bureau of Economic Analysis, are converted to an index (1967 = 100). (For a 

more detailed description, see the Compensation of 

Employees section in this Handbook.) 

The seasonally adjusted index (1967 = 100) of the 

manufacturing component of industrial production is a 

measure of changes in physical manufacturing output 

in the United States. Data are prepared by the Board of 

Governors of the Federal Reserve System and are based 

on data compiled by government agencies and by various trade organizations. (For a more detailed description, see the Industrial Production section in this 

Handbook.) 

Data for series 62 are shown in BCD in index form 

and as a percent of the trend of the index. The percent 

of trend computations use the "phase average trend" 

(PAT) procedures, which are part of the National Bureau 

of Economic Research growth cycle methodology. It 

consists of the following steps: 

1. Taking the deviations in the original data from a 

75-month moving average. 

2. Using the turning points in the deviation series 

to determine phases of cyclical expansions and 

contractions for the series. 

3. Computing the average value for each cyclical 

phase (phase-average). 

4. Taking a 3-term moving average of the phase 

averages (triplets). 

5. Computing trend lines between the triplets. 

6. Adjusting the level of the trend line so that the 

sum of its values equals the sum of the data 

values. 

7. Extrapolating the trend line at both ends of the 

series. 

The ratio (multiplied by 100) of the index of labor cost 

per unit of output to the PAT yields the series, "Actual 

data as a percent of trend." 

MONEY SUPPLY MEASURES 

Series 85. Change in Money Supply M l 

Series 102. Change in Money Supply M2 

Series 104. Change in Total Liquid Assets 

Series 105. Money Supply M l in 1972 Dollars 

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Series 106. Money Supply M2 in 1972 Dollars 

Series 107. Ratio, Gross National Product to Money 

Supply M l 

Series 108. Ratio, Personal Income to Money Supply 

M2 

Source: Board of Governors of the Federal Reserve 

System; U.S. Department of Commerce, 

Bureau of Economic Analysis 

(Data contained in these series are seasonally adjusted.) 

THE different money supply measures are popularly 

known by the abbreviations Ml , M2, etc. The money 

supply series shown in BCD are the Ml , M2, and total 

liquid assets versions. M3, which is not shown separately, is included in liquid assets. Deposits held by 

foreign banks and governments, official institutions, 

and the U.S. Government are excluded from each of 

the series. Consolidation adjustments have been made 

in the construction of each series, to avoid double 

counting of the public's monetary assets. The major 

adjustment involves the netting of deposits held by 

depository institutions with other depository institutions. 

The Ml version of the money supply consists of: 

1. Currency outside the Treasury, the Federal 

Reserve banks, and the vaults of commercial 

banks. 

2. Outstanding amounts of U.S. dollar-denominated 

travelers checks of nonbank issuers. 

3. Demand deposits at commercial banks and certain foreign-related institutions, less cash items 

in the process of collection, Federal Reserve 

float, and foreign demand balances at Federal 

Reserve banks. 

4. Interest-earning checkable deposits consisting of 

negotiable order of withdrawal (NOW) and automatic transfer service (ATS) accounts at depository institutions other than credit unions, credit 

union share draft accounts, and demand deposits 

at thrift institutions. 

The consolidation adjustment removes demand deposits 

held by commercial banks with other commercial banks 

and the demand deposits held by thrift institutions that 

are estimated to be used in servicing their checkable 

deposits. 

M2 consists of Ml plus: 

1. Money market deposit accounts, savings and 

small-denomination time deposits (time deposits—including retail repurchase agreements— 

issued in denominations of less than $100,000) 

at all depository institutions. 

2. Overnight (and continuing contract) repurchase 

agreements issued by commercial banks and 

certain overnight Eurodollars (those issued by 

Caribbean branches of member banks) held by 

U.S. nonbank residents. 

3. Balances in both taxable and tax-exempt general purpose and broker/dealer money market 

mutual funds (MMMF). 

Keogh and individual retirement account balances at 

depository institutions and in MMMF's are excluded. 

Consolidation adjustments are made to remove demand 

deposits held by thrift institutions (not already removed 

in Ml), savings and time deposits held by depository 

institutions, and assets held by MMMF's. 

'Total liquid assets" includes M2 plus: 

1. Large-denomination time deposits (issued in 

denominations of $100,000 or more) at all 

depository institutions (including negotiable certificates of deposit), term repurchase agreements issued by commercial banks and thrift 

institutions, and institution-only money market 

mutual fund shares. 

2. Other liquid assets, including nonbank public 

holdings of U.S. savings bonds, short-term Treasury obligations, bankers acceptances, commercial paper, and term Eurodollars held by U.S. 

residents. 

Consolidation adjustments are made to remove deposits 

and assets of MMMF's and depository institutions. 

Data for Ml and M2 are averages of daily data for 

member banks and estimates of nonmember bank 

deposits. Prior to 1980, estimates of nonmember bank 

deposits were based on quarterly call report data and 

the relationship of nonmember and small member bank 

deposits to member bank deposits on those dates; 

since January 1980, the nonmember component has 

been derived from a sample of nonmember banks reporting daily data on a weekly basis. Estimates of Ml are 

available on a monthly and weekly basis; estimates of 

M2 and liquid assets are available only on a monthly 

basis. 

In BCD, these series appear under the economic 

process "money and credit." 

SERIES 85 is based on the Ml version of money supply. 

It is derived by computing month-to-month percent 

changes in the seasonally adjusted data for Ml . 

SERIES 102 is based on the M2 version of money supply. It is derived by computing month-to-month percent 

changes in the seasonally adjusted data for M2. 

Data for M2 begin in 1959. For the period prior to 

1959, when separate data for certificates of deposit 

30 The Handbook of Cyclical Indicators 

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Federal Reserve Bank of St. Louis
were not available, total time deposits have been used 

to compute the percent changes. 

SERIES 104 is based on the total liquid assets version 

of money supply. It is derived by first computing monthto-month percent changes in liquid assets, and then 

smoothing the changes by computing 4-term moving 

averages (weighted 1,2,2,1) and placing them on the 

terminal month of the span. Both the monthly and 

smoothed changes are shown in BCD. 

SERIES 105 and 106 are measures of real (1972 dollars) money balances based on the Ml and M2 versions 

of money supply, respectively. The series are deflated 

by the Consumer Price Index for All Urban Consumers 

(CPI-U) compiled by the U.S. Department of Labor, 

Bureau of Labor Statistics (BLS). The deflator is series 

320 converted to a 1972 = 100 base and seasonally 

adjusted by the Bureau of Economic Analysis using 

seasonal factors provided by BLS. 

SERIES 107 is a measure of the velocity of money. It is 

computed as the ratio of gross national product for the 

quarter (series 200) to the quarterly average of the Ml 

version of money supply. 

SERIES 108 is a measure of the velocity of money. It is 

computed as the ratio of personal income (series 223) 

to the M2 version of money supply. 

BUSINESS AND CONSUMER BORROWING 

Series 111. Change in Business and Consumer Credit 

Outstanding 

Source: Board of Governors of the Federal Reserve 

System; The Federal Reserve Bank of New 

York; Federal Home Loan Bank Board; U.S. 

Department of Commerce, Bureau of Economic Analysis 

(Data contained in this series are seasonally adjusted.) 

SERIES 111, which measures the month-to-month 

percent change in business and consumer credit 

oustanding, is compiled by the Bureau of Economic 

Analysis (BEA) by combining the following series and 

computing the change: 

Consumer installment credit (series 66).—For a 

description of this series, see Consumer Installment 

Credit section in this Handbook. 

Commercial and industrial loans (series 72).—For a 

description of this series, see Commercial and Industrial Loans section in this Handbook. 

Real estate loans of weekly reporting large commercial banks.—This component measures the amount 

of outstanding loans, as of the last Wednesday of the 

month, held by large commercial banks and secured 

primarily by real estate (as evidenced by mortgages, 

deeds of trust, land contracts, or other liens on real 

estate; residential properties that are extended, collected, and serviced by a bank and guaranteed by the 

Farmers Home Administration; and loans secured 

primarily by properties guaranteed by government 

entities in foreign countries). Pooled mortgages against 

which certificates guaranteed by the Government 

National Mortgage Association have been issued, loans 

to real estate companies and mortgage lenders that 

specialize in mortgage loan originations and that service mortgages for others, mortgage-backed bonds 

issued by the Federal Home Loan Mortgage Corporation, and notes issued by the Farmers Home Administration are excluded. The data are compiled by the 

Board of Governors of the Federal Reserve System 

and are seasonally adjusted by BEA. 

The series has a major discontinuity in January 1972. 

From 1972 to date, the data cover about 170 of the 

largest commercial banks in the United States, both 

members and nonmembers of the Federal Reserve 

System. These banks had assets of $750 million or 

more in their domestic offices as of December 31, 

1977. Prior to January 1972, the data cover about 

320 banks with significant changes in the composition of the sample occurring in 1965 and 1959. Effective 

with data for July 1965, the series reflects banking 

conditions in (but not outside) the larger cities and 

includes all branches of reporting banks, regardless 

of size. The June 1959 revision was instituted to 

improve bank coverage. 

Mortgage loans held by savings and loan associations. 

—This component measures the end-of-month 

amount of outstanding mortgage loans held by associations affiliated with the U.S. Savings and Loan 

League. These loans represent over 98 percent of 

the resources of all operating savings and loan associations. The data are compiled by the Federal Home 

Loan Bank Board and are seasonally adjusted by BEA. 

In BCD, series 111 appears under the economic process "money and credit." 

MORTGAGE DEBT 

Series 33. Net Change in Mortgage Debt Held by 

Financial Institutions and Life Insurance 

Companies 

Source: American Council of Life Insurance; Federal 

National Mortgage Association; U.S. Department of Housing and Urban Development; 

Government National Mortgage Association; 

National Association of Mutual Savings Banks; 

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Federal Reserve Bank of St. Louis
Federal Home Loan Bank Board; Board of 

Governors of the Federal Reserve System; 

U.S. Department of Commerce, Bureau of 

Economic Analysis 

(Data contained in this series are seasonally adjusted.) 

SERIES 33 measures the month-to-month amount of 

change in mortgage debt held by selected financial 

institutions and life insurance companies. It is defined 

as the volume of mortgage loans acquired, less the 

volume of loans disposed of, by these organizations 

from one month to the next. This net change is called 

the "net flow," which usually can increase only to the 

extent that the organizations increase their resources 

or increase the proportion of their assets held in the 

form of mortgage loans. Mortgage lending financed by 

the proceeds received from loan repayments or from 

sales of loans to other investors does not affect the net 

change. 

The term "mortgage loan" denotes indebtedness 

incurred by private borrowers and secured by a mortgage or other lien on real property located within the 

United States and its territories and possessions. A 

mortgage loan may be used to finance the acquisition 

of newly constructed property, the purchase of existing property, the improvement of existing property 

through the execution of a new loan or by an add-on 

under an existing loan, construction by a builder, or the 

holding of unimproved land by a developer. A mortgage 

loan may be used to refinance an outstanding loan. It 

also may be for non-real estate purposes or for the 

purchase of a money loan wherein the lender sells 

property on which he takes back the mortgage loan as 

partial or full payment. Or, a mortgage may enable the 

borrower to pay for a property acquisition from a third 

party. 

Data are collected from a variety of sources: The 

American Council of Life Insurance reports data for life 

insurance companies, including all active mortgage loans 

plus foreclosed liens subject to redemption. The data 

are based on reports from life insurance companies 

that represent 88 percent of the industry. The Federal 

National Mortgage Association reports monthly purchases and sales of mortgages originated by private lenders 

and loans used to back bond issues guaranteed by the 

Government National Mortgage Association. The National Association of Mutual Savings Banks (NAMSB) compiles data for mortgage and construction loans held by 

mutual savings banks. These data are based on monthly reports to NAMSB by savings banks that hold over 90 

percent of the industry's deposits and on benchmark 

figures obtained from a semiannual NAMSB survey of 

all savings banks. The Federal Home Loan Bank Board 

collects data from savings and loan associations. The 

Board of Governors of the Federal Reserve System 

compiles data on mortgage loans held by commercial 

banks. These are loans secured primarily by real estate 

and include loans evidenced by mortgages, deeds of 

trust, land contracts, or other liens on real estate; 

loans on residential properties that are extended, collected, and serviced by a bank and are guaranteed by 

the Farmers Home Administration; and loans secured 

primarily by properties and guaranteed by government 

entities in foreign countries. Pooled mortgages against 

which certificates guaranteed by the Government 

National Mortgage Association have been issued, loans 

to real estate companies and mortgage lenders that 

specialize in mortgage loan originations and the servicing 

of mortgages for others, mortgage backed bonds issued 

by the Federal National Mortgage Association or by the 

Federal Home Loan Mortgage Corporation, and notes 

issued by the Farmers Home Administration are 

excluded. 

The data are seasonally adjusted by the Bureau of 

Economic Analysis. 

In BCD, series 33 appears under the economic process "money and credit." 

COMMERCIAL AND INDUSTRIAL LOANS 

Series 72. Commercial and Industrial Loans Outstanding in Current Dollars 

Series 101. Commercial and Industrial Loans Outstanding in 1972 Dollars 

Series 112. Net Change in Business Loans 

Source: Board of Governors of the Federal Reserve 

System; The Federal Reserve Bank of New 

York; U.S. Department of Commerce, Bureau 

of Economic Analysis 

(Data contained in these series are seasonally adjusted.) 

SERIES 72 measures the weekly average amount of 

business loans outstanding per month. It is compiled 

by the Bureau of Economic Analysis (BEA) by summing 

the following components: (1) Balances outstanding 

on loans for commercial and industrial purposes held 

or sold outright by large commercial banks (except 

loans secured by real estate, loans to financial institutions, and loans to purchase or carry securities) and 

(2) commercial paper issued by nonfinancial companies. 

The data for commercial and industrial loans held by 

commercial banks are collected by the Board of Governors of the Federal Reserve System. These reports 

cover the amount of bank-held commercial and industrial loans outstanding as of each Wednesday and the 

amount of loans sold outright during each week to the 

banks' own foreign branches; the banks' nonconsolidated, nonbank affiliates; the banks' holding companies (if they are not banks); and nonconsolidated, nonbank subsidiaries of the holding companies. Prior to 

August 28, 1974, series 72 only covers the amount of 

commercial and industrial loans outstanding; beginning 

August 28, 1974, the series also includes bank-held 

outstanding balances. 

The series has a major discontinuity in January 1972. 

From 1972 to date, the data cover about 170 of the 

32 The Handbook of Cyclical Indicators 

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Federal Reserve Bank of St. Louis
largest commercial banks in the United States, both 

members and nonmembers of the Federal Reserve 

System. These banks had assets of $750 million or more 

in their domestic offices as of December 31, 1977. Prior 

to January 1972, the data cover about 320 banks with 

significant changes in the composition of the sample 

occurring in 1965 and 1959. Effective with data for July 

1965, the series reflects banking conditions in (but not 

outside) the larger cities and includes all branches of 

reporting banks, regardless of size. The June 1959 revision was instituted to improve bank coverage. 

BEA computes the arithmetic mean of the weekly 

data for the month. Beginning with November 1968, 

BEA also seasonally adjusts the monthly data; prior to 

that date, the National Bureau of Economic Research 

seasonally adjusted the data. 

The data for commercial paper issued by nonfinancial companies include high-grade, unsecured, shortterm, negotiable, promissory notes issued by major 

nonbank corporations and sold through dealers or directly to investors—usually other companies. Nonfinancial 

companies include public utilities and companies engaged in communications, construction, mining, manufacturing, wholesale and retail trade, transportation, 

and services. Data are collected by The Federal Reserve 

Bank of New York primarily from ten commercial paper 

dealers (brokers) who report all commercial paper they 

handle. Additional data are obtained from about 37 

firms that make direct (i.e., nonbroker) issues of commercial paper in excess of $100 million. The data refer 

to the last Wednesday of the month. They are compiled 

and seasonally adjusted by The Federal Reserve Bank 

of New York. 

In BCD, series 72 appears under the economic process "money and credit." 

SERIES 101 measures commercial and industrial loans 

outstanding (series 72) in constant (1972) dollars. BEA 

uses the Producer Price Index, All Commodities, compiled by the U.S. Department of Labor, Bureau of Labor 

Statistics, as the deflator. 

In BCD, series 101 appears under the economic process "money and credit." 

SERIES 112 measures the month-to-month amount of 

change in commercial and industrial loans outstanding 

(series 72). 

In BCD, series 112 appears under the economic process "money and credit." 

CONSUMER INSTALLMENT CREDIT 

Series 66. Consumer Installment Credit Outstanding 

Series 113. Net Change in Consumer Installment 

Credit 

Source: Board of Governors of the Federal Reserve 

System 

Series 95. Ratio, Consumer Installment Credit Outstanding to Personal Income 

Source: Board of Governors of the Federal Reserve 

System; U.S. Department of Commerce, 

Bureau of Economic Analysis 

(Data contained in these series are seasonally adjusted.) 

THESE series provide estimates of most short- and 

intermediate-term credit used to finance the purchase of 

commodities and services for personal consumption, 

or to refinance debts originally incurred for such a 

purpose. 

The term "credit" means an advance of purchasing 

power that can be used to obtain goods and services, 

or an advance of goods and services in exchange for a 

promise to pay at a later date. "Consumption" refers 

to the process of using goods and services as an end in 

itself, rather than for further production. Credit extended 

to government agencies, nonprofit or charitable organizations, farmers, businesses, and individuals for 

business purposes is excluded. 

Installment credit includes consumer credit held by 

financial institutions, retail outlets, and gasoline companies that is scheduled to be repaid, or with the option of 

repayment, in two or more installments. Financial institutions hold about 90 percent of the reported consumer 

credit outstanding; retail outlets and gasoline companies hold the remainder. Specific categories of consumer credit are automobile paper, including both direct 

and indirect loans (purchased paper); revolving credit; 

mobile home credit; and "other" installment loans, 

which include loans for home improvement, other consumer goods, and personal cash loans. Home mortgage financing generally is excluded. 

The consumer installment credit estimates are based 

on comprehensive benchmark data that become available periodically, and monthly sample data obtained 

through the cooperation of lenders and other credit 

grantors. The monthly sample is used to interpolate 

estimates between benchmarks and to extrapolate estimates from the latest benchmark. The major portion of 

financial institution data is obtained from Federal Reserve 

banks, the National Association of Mutual Savings Banks, 

the Federal Home Loan Bank Board, and reports of 

finance companies. Retail outlet data are estimated 

from the U.S. Department of Commerce, Bureau of the 

Census surveys of sales and accounts receivable. 

In BCD, series 66, 113, and 95 appear under the 

economic process "money and credit." 

SERIES 66 measures the amount of consumer installment credit outstanding at the end of each month. 

SERIES 113 measures the change during the month in 

the amount of consumer installment credit outstanding. 

It is defined as the amount of consumer installment 

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Federal Reserve Bank of St. Louis
credit extended less the amount liquidated (including 

repayments, charge-offs, and other credits) during 

the month. Each monthly change is computed by subtracting the seasonally adjusted amount outstanding 

at the end of the previous month from the amount 

outstanding at the end of the current month. 

SERIES 95 is the ratio of the amount of consumer installment credit outstanding to personal income (series 

223) expressed as a percent. Consumer installment 

credit outstanding is described above. (Series 223 is 

described in the Personal Income section in this Handbook.) 

TOTAL PRIVATE BORROWING 

Series 110. Funds Raised by Private Nonfinancial 

Borrowers in Credit Markets 

Source: Board of Governors of the Federal Reserve 

System 

(Data contained in this series are seasonally adjusted.) 

SERIES 110 measures the amount of funds raised less 

debt repaid each quarter in U.S. credit markets by 

households, State and local governments, and nonfinancial businesses. Nonfinancial businesses include public utilities and companies engaged in communications, 

construction, mining, manufacturing, wholesale and 

retail trade, transportation, and services. Both domestic 

and foreign borrowers are included. The forms of credit 

covered are security issues (including corporate stock 

flotations), mortgages, consumer credit, business and 

farm loans from banks, Federal loans to businesses and 

farms, commercial paper, and acceptances. All security credit and loans to financial businesses are excluded. 

In BCD, series 110 appears under the economic process "money and credit." 

LIABILITIES OF BUSINESS FAILURES 

Series 14. Current Liabilities of Business Failures 

Source: Dun & Bradstreet, Inc. 

(Data contained in this series are not seasonally 

adjusted.) 

A business failure is defined as "a concern that is involved 

in a court proceeding or a voluntary action that is likely 

to end in loss to creditors." Series 14 includes industrial and commercial enterprises that are petitioned 

into Federal Bankruptcy Courts; concerns that are forced 

out of business through actions in the State courts, 

such as foreclosure, execution, and attachments with 

insufficient assets to cover all claims; concerns involved 

in court actions, such as receivership, reorganization, 

or arrangement; voluntary discontinuances with known 

loss to creditors; and voluntary compromises with creditors out of court, where obtainable. Major industries 

not included are finance, insurance, real estate, amusement and recreational services, health services, legal 

services, educational services, social services, museums, membership organizations, and miscellaneous services. Private households also are excluded. 

Liabilities approximately represent current obligations. 

They include accounts and notes payable and obligations, 

whether in secured form or not, known to be held by 

banks, officers, affiliated companies, supplying companies, or the Government. They do not include longterm, publicly held obligations. No adjustments are 

made for offsetting assets. Approximately 95 percent 

of the failures involve liabilities of less than $1 million. 

Data on failures are collected throughout the 50 States 

and the District of Columbia. Dun & Bradstreet reporters make daily checks of court records for court-action 

cases. Data for noncourt cases are collected from local 

credit management groups and boards of trade, and by 

the reporters who make regular rounds of interviews 

and note closings of stores that leave unpaid credit 

commitments. The reporters also scan sales notices in 

newspapers, attachments, sheriff's sales, and auctions. 

The statistics are compiled by combining these reports. 

The series is inversely related to broad movements in 

aggregate economic activity. 

In BCD, series 14 appears under the economic process "money and credit." 

DELINQUENT LOANS 

Series 39. Percent of Consumer Installment Loans 

Delinquent 30 Days and Over 

Source: American Bankers Association 

(Data contained in this series are seasonally adjusted.) 

SERIES 39 measures the number of delinquent, consumer installment loans held by commercial banks as a 

percentage of the number of consumer installment 

loans outstanding at these banks. Installment loans are 

those requiring repayment in two or more scheduled 

payments; a delinquent loan is one having an installment past due for 30 days or more. Prior to October 

1963, the data are simple averages of delinquency rates 

for the following types of consumer installment loans: 

Automobile loans, including both direct and indirect 

loans (purchased paper); home improvement loans, 

including both Federal Housing Administration (FHA) 

insured and uninsured loans; other consumer goods 

loans; and persbnal cash loans. Beginning October 1963, 

the data are weighted averages of these types of loans 

with weights based on the number of banks in each 

State. The survey was expanded in August 1970 to 

include loans for mobile homes and again in February 

1973 to include loans for recreational vehicles, bank 

card loans, and revolving credit. However, the weighted averages in BCD exclude bank card loans and revolving credit. 

34 The Handbook of Cyclical Indicators 

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Federal Reserve Bank of St. Louis
The survey sample includes approximately 1,800 

commercial banks randomly selected to provide coverage by bank size in the 50 States and the District of 

Columbia. 

For January 1948 through October 1964, the delinquency rates are available for the last day of each 

month. From December 1964 to December 1974, they 

are available for the last day of February, April, June, 

August, October, and December. Beginning in January 

1975, they are available again for the last day of each 

month. 

The series is inversely related to broad movements 

in aggregate economic activity. 

In BCD, series 39 appears under the economic process "money and credit." 

BANK RESERVES 

Series 93. Free Reserves 

Series 94. Member Bank Borrowings from the Federal Reserve 

Source: Board of Governors of the Federal Reserve 

System 

(Data contained in these series are not seasonally 

adjusted.) 

EXCESS reserves and borrowings from the Federal 

Reserve System are reported by the approximately 

5,800 banks that are members of the Federal Reserve 

System. Weekly data are averages of daily figures (closeof-day figures for borrowings) reported by member 

banks to the Federal Reserve each week. Beginning 

September 12, 1968, daily data cover the 2-week period 

ending on the Wednesday prior to the reporting date. 

The monthly estimates, published in BCD, are computed by averaging available weekly data. 

Required reserves are minimum balances that must 

be maintained by member banks pursuant to Federal 

Reserve regulations. These reserve requirements, which 

can be changed by the Board of Governors of the Federal Reserve System, are specified as percents of deposit 

liabilities and vary by type of deposits. Prior to December 1959, the only permissible legal reserves were balances with the Federal Reserve banks; since then, the 

inclusion of vault cash is allowed. 

SERIES 93 measures the difference between the excess 

reserves of member banks and their borrowings from 

the Federal Reserve System—or, equivalent^, the difference between member bank reserve balances and 

the sum of their required reserves and their borrowings from the System. When excess reserves exceed 

total borrowings, the difference is termed "free reserves/' Conversely, when borrowings exceed excess 

reserves, the difference is termed "net borrowed 

reserves/' The amount of free reserves is a partial 

reflection of the banks' ability to make additional loans. 

The series is inversely related to broad movements in 

aggregate economic activity. 

In BCD, series 93 appears under the economic process "money and credit." 

SERIES 94 measures the amount member banks have 

borrowed from Federal Reserve banks. The borrowing 

is done to obtain, on a temporary basis, reserve funds 

needed to cover required reserves. The Board's Regulation A, which governs lending by Federal Reserve 

banks, was revised (effective April 19, 1973) to help 

smaller banks meet seasonal borrowing needs of their 

communities. 

In BCD, series 94 appears under the economic process "money and credit." 

INTEREST RATES 

Series 119. Federal Funds Rate 

Series 114. Discount Rate on New Issues of 91-Day 

Treasury Bills 

Source: Board of Governors of the Federal Reserve 

System 

Series 115. Yield on Long-Term Treasury Bonds 

Source: U.S. Department of the Treasury 

Series 116. Yield on New Issues of High-Grade Corporate Bonds 

Source: Citibank; U.S. Department of the Treasury 

Series 117. Yield on Municipal Bonds, 20-Bond Average 

Source: The Bond Buyer 

Series 118. Secondary Market Yields on FHA Mortgages 

Source: U.S. Department of Housing and Urban Development, Federal Housing Administration 

Series 67. Bank Rates on Short-Term Business Loans 

Series 109. Average Prime Rate Charged by Banks 

Source: Board of Governors of the Federal Reserve 

System 

(Data contained in these series are not seasonally 

adjusted.) 

SERIES 119 measures the interest rate charged on 

unsecured, overnight loans available for use on the 

same day. Such loans, which are made by a number of 

institutions (commercial banks, savings banks, savings 

and loan associations, U.S. Government agencies, and 

branches and agencies of foreign banks), normally result 

in the transfer of ownership of reserve balances that 

member commercial banks hold at Federal Reserve 

banks. In many cases, a Federal funds loan is arranged 

directly between two member commercial banks—for 

example, a bank with excess reserves may lend part of 

its Federal Reserve balance to a bank that has a shortage of reserves. 

BCD 1984 35 

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Federal Reserve Bank of St. Louis
The monthly series is the average of daily effective 

rates for the month. Through the week ending July 18, 

1973, the daily effective rate reflects the most representative rate of the day—usually the one at which 

most transactions occurred. Since that date, it is an 

average of the rates charged on a given day, weighted 

by the volume of transactions at each rate. Rates for 

weekends and holidays are considered to be the same 

as those for the preceding working day. 

In BCD, series 119 appears under the economic process "money and credit." 

SERIES 114 measures, on a bank discount basis, the 

average rate of interest set in the weekly auction of 

new 91-day Treasury bills. In the auction, each potential 

buyer specifies the price he is willing to pay and the 

amount of bills he wishes to buy; awards are made to 

the highest bidders. For each week's issue, the average rate of interest is based on the weighted average of 

the prices at which the various portions of the issue are 

sold. The monthly series is the average of the four or 

five weekly rates for each month. (These auction rates 

are similar to, but not the same as, market rates; the 

latter are rates on outstanding bills, based on daily 

trading quotations.) 

The auction average rate for each week is dated as of 

the date of issue of the bills, usually a Thursday, even 

though the auction usually occurs on the Monday of 

that week or, at times, on Friday of the preceding 

week. Therefore, the monthly average of weekly rates 

sometimes includes the results of an auction that 

occurred late in the preceding month. 

In BCD, series 114 appears under the economic process "money and credit." 

SERIES 115 measures the average yield on fully taxable, long-term, U.S. Treasury bonds. Bond yields are 

computed by the U.S. Department of the Treasury, 

based on prices reported to it by The Federal Reserve 

Bank of New York. Beginning in April 1953, yields are 

based on a composite of daily closing-bid quotations in 

the New York over-the-counter market. Before April 

1953, they were based on the mean of the closing 

bid-and-ask quotations. 

The monthly series represents monthly averages of 

daily yields of bonds that are neither due nor callable 

for a specified number of years. Prior to April 1952, the 

requirement was 15 years; from April 1952 through 

March 1953, it was 12 years; and, since April 1953, it 

has been 10 years. 

In BCD, series 115 appears under the economic process "money and credit." 

SERIES 116, for the period 1948-59, is a weighted average of the reoffering yields on new high-grade corporate bonds offered during the month, weighted by the 

size of the offerings. The series includes new public 

offerings rated Aaa, Aa, or A by Moody's Investors Service, with the exception of serial bonds, convertible 

debentures, equipment trust certificates, and offerings 

by natural gas transmission or foreign companies. Before 

averaging, the yields on Aa and A issues are adjusted to 

the level of the Aaa yields. The adjustments are based 

on the difference between average yields of these corporate bonds and the Aaa bonds outstanding during 

the month reported by Moody's. The series was computed by Citibank (formerly the First National City Bank of 

New York). 

Beginning with 1960, the series is an estimated monthly average of the reoffering yields on new Aa bonds 

having an original maturity of at least 20 years, and is 

based on weekly computations by the U.S. Department 

of the Treasury. Prior to June 1973, the series is adjusted 

to reflect bonds without call protection; from June 

1973 to July 1976, it is based on bonds with 5-year call 

protection; and since July 1976, it reflects bond yields 

regardless of the call protection offered. It excludes 

the same offerings as the Citibank series, except for 

natural gas transmission companies, which are included in the Treasury data. Although Aa bonds are not the 

most common among the quality ratings, they are 

numerous enough to provide a meaningful series. 

In BCD, series 116 appears under the economic process "money and credit." 

SERIES 117 is the monthly average of The Bond Buyer 

weekly index of yields for 20 new municipal bonds. This 

index is an average of the market values (yields) of 

general obligation bonds of 20 issuing bodies that include 

States, cities, and school districts. The computations 

are not necessarily based on specific issues; the yields 

used are those applicable to bonds selling near par with 

about 20 years to maturity. Issues rated in the top five 

classifications by Moody's Investors Service are used, 

with concentration in the second and third classes. 

Substitutions in the list of issuing bodies are made 

occasionally to keep the index abreast of the market. 

In BCD, series 117 appears under the economc process "money and credit." 

SERIES 118 is a national average of monthly estimates 

of secondary-market prices for Federal Housing Administration (FHA)-insured, new-home mortgages. Prices are based on opinion reports from FHA field offices 

on the first of each month. These reports, which cover 

transactions in their market areas, represent net current transactions after allowances for discounts, 

commitment fees, or other charges exclusive of Federal National Mortgage Association (FNMA) activity. 

Before March 1956, the national average prices are 

unweighted; subsequently, the price data are weighted 

36 The Handbook of Cyclical Indicators 

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to reflect the probable volume of transactions in each 

office area. 

Beginning in 1961, the yields of secondary-market 

prices are based on mortgages that have an original 

maturity of 30 years, are assumed to be prepaid in 12 

years beginning in 1977 and in 15 years prior to 1977, 

and carry FHA's maximum permissible interest rate. 

Prior to 1961, they are based on mortgages that have 

an original maturity of 25 years, are assumed to be 

prepaid in 12 years, and carry FHA's maximum permissible interest rate. 

Transactions are for immediate delivery in the secondary market, and exclude seasoned mortgages or 

deliveries to the FN MA and other federally related institutions. Before 1956, prices represent typical transactions; from January 1956 to July 1961, they represent 

new-home mortgages with a 25-year maturity and a 

10 percent downpayment; after July 1961, they represent new-home mortgages with a 30-year maturity 

and the minimum downpayment. 

In BCD, series 118 appears under the economic process "money and credit." 

SERIES 67 is the weighted average of interest rates 

charged on new short-term (1 year or less) business 

loans or renewals. 

For 1948 through 1966, the average rate charged on 

loans or renewals by 66 banks in 19 cities during the 

first 15 days of March, June, September, and December was used. Averages (weighted by the relative importance of loan-size groups based on the volume of loans 

outstanding in loan portfolios of reporting banks on 

November 20, 1946) were computed for each of four 

loan-size groups and then combined. The survey included 

loan sizes of $1,000 to $9,999; $10,000 to $99,999; 

$100,000 to $199,999; and $200,000 and over. 

The survey was revised in 1967. The average rate 

charged on loans and renewals by 126 banks in 35 

cities during the first 15 days of February, May, August, 

and November was substituted; business installment 

loans and loans to foreign businesses were dropped; 

and loan-size categories were revised to take account 

of the upward shift in the size of business loans. The 

new loan-size groups were $1,000 to $9,999; $10,000 

to $99,999; $100,000 to $499,999; $500,000 to 

$999,999; and $1,000,000 and over. 

In February 1971, the reporting period was shortened for most banks to the first 7 business days in each 

survey month, accounts-receivable loans were eliminated from the survey, new weights were introduced, 

and more refined calculation procedures were adopted. 

In February 1977, the survey was revised again to 

include 340 large and small, member and nonmember 

banks selected to represent all insured banks. Reports 

of nonmember banks (about 100 respondents) are collected and processed by the Federal Deposit Insurance 

Corporation. The survey collects the lending terms on 

actual loans made over the reporting period, and the 

results are weighted to approximate the lending terms 

of the banking system as a whole. The loan-size groups 

were changed to $1,000 to $24,999; $25,000 to $49,999; 

$50,000 to $99,999; $100,000 to $499,999; $500,000 

to $999,999; and $1,000,000 and over. 

In BCD, series 67 appears under the economic process "money and credit." 

SERIES 109 measures the interest rate banks charge 

their most credit worthy business customers for shortterm loans. This rate, called the prime rate, is the base 

used to scale upward the rates charged on most loans 

to other business customers. It is not as sensitive as 

money market instrument rates, which fluctuate daily 

in response to short-term changes in supply and 

demand. Rather, its movements tend to be infrequent, 

changing only by increments of at least one-quarter of 

a percentage point. Major banks tend to change their 

prime rate in response to increasing differentials with 

selected open market money rates. 

The data are monthly averages computed by multiplying each "predominant" prime rate (the rate charged 

by the majority of 30 large money market banks) by the 

number of days it was in effect during the month, summing these products, and dividing by the number of 

days in the month. 

In BCD, series 109 appears under the economic process "money and credit." 

DUN & BRADSTREET DIFFUSION INDEXES 

Series 960. Diffusion Index of Net Profits, Manufacturing 

Series 971. Diffusion Index of New Orders, Manufacturing 

Series 972. Diffusion Index of Net Profits, Manufacturing and Trade 

Series 973. Diffusion Index of Net Sales, Manufacturing and Trade 

Series 974. Diffusion Index of Number of Employees, 

Manufacturing and Trade 

Series 975. Diffusion Index of Level of Inventories, 

Manufacturing and Trade 

Series 976. Diffusion Index of Selling Prices, Manufacturing 

Series 977. Diffusion Index of Selling Prices, Wholesale Trade 

Series 978. Diffusion Index of Selling Prices, Retail 

Trade 

Source: Dun & Bradstreet, Inc. 

(Data contained in these series are not seasonally 

adjusted.) 

THESE series are diffusion indexes that measure the 

percent of business executives who reported increases in their actual and expected net profits, new orders, 

net sales, employment, inventories, and selling prices 

BCD 1984 37 

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Federal Reserve Bank of St. Louis
relative to levels a year earlier. The indexes are based 

on quarterly interviews of business executives conducted 

by Dun & Bradstreet. About 600 manufacturing, 400 

wholesale, and 400 retail company executives are interviewed each quarter. For each of the above measures, 

each respondent is asked to report his firm's level for 

the preceding quarter relative to that of the corresponding quarter 1 year earlier, and the expected level 

for the coming quarter compared with the corresponding 

quarter 1 year earlier. 

Series 972, 973, 974, and 975 are the actual and 

expected net profits, net sales, number of employees, 

and inventories indexes, respectively, for manufacturers, wholesalers, and retailers. Series 960 is the actual 

net profits index, and series 971 is the actual and expected new orders index for manufacturers only. Series 

976, 977, and 978 are separate selling price indexes for 

manufacturers, wholesalers, and retailers, respectively. 

These diffusion indexes are copyrighted and used by 

permission of Dun & Bradstreet in BCD. 

In BCD, these series appear under the category "diffusion indexes.'1 

GROSS NATIONAL PRODUCT 

Series 200. Gross National Product in Current Dollars 

Series 200b. Change in Gross National Product in Current Dollars 

Series 200c. Percent Change in Gross National Product in Current Dollars 

Series 50. Gross National Product in 1972 Dollars 

Series 50b. Change in Gross National Product in 1972 

Dollars 

Series 50c. Percent Change in Gross National Product in 1972 Dollars 

Series 310. Implicit Price Deflator for Gross National 

Product 

Series 310c. Percent Change in the Implicit Price Deflator for Gross National Product 

Series 217. Per Capita Gross National Product in 1972 

Dollars 

Series 213. Final Sales in 1972 Dollars 

Source: U.S. Department of Commerce, Bureau of 

Economic Analysis and Bureau of the Census 

(Data contained in these series are seasonally adjusted.) 

GROSS national product (GNP) is the most widely used 

measure of the Nation's production. It measures the 

market value of the goods and services produced by 

the labor and property supplied by residents of the 

United States. More specifically, it is the market value 

of "final" sales of goods and services plus inventory 

change; purchases by one producing unit from another 

of "intermediate" products are not included, but depreciation charges and other allowances for business and 

institutional consumption of fixed capital goods have 

not been deducted in deriving it. 

GNP is measured as the sum of products: Personal 

consumption expenditures (series 230), gross private 

domestic investment (including the change in business 

inventories) (series 240), net exports (exports less 

imports) of goods and services (series 250), and government purchases of goods and services (series 260). 

(For a detailed description of each of these categories, 

see the appropriate sections in this Handbook.) GNP 

can also be measured as the sum of the costs incurred 

and the profits earned in production of GNP. By this 

approach, the incomes of labor and property are 

summed, in the forms in which they accrue to residents and before the deduction of taxes on the incomes, 

to national income (series 220), and to national income is 

added the other charges that must be included to arrive 

at the total market value of goods and services. (For a 

detailed description of national income, see the National 

Income section in this Handbook.) The two measures 

of GNP—that is, as the sum of products and as the sum 

of incomes and other charges—differ by a statistical 

discrepancy, which reflects measurement error. 

Estimates of GNP now cover the 50 States and the 

District of Columbia; prior to 1960, they did not cover 

Alaska and Hawaii. 

GNP in 1972 dollars, or real GNP, is derived principally 

by dividing components of the current-dollar GNP by 

appropriate price indexes in as fine a breakdown as 

possible. 

SERIES 200 measures the current-dollar value of GNP, 

as described above. 

Series 200b measures the quarter-to-quarter amount 

of change in series 200. 

Series 200c measures the quarter-to-quarter percent 

change in series 200. 

In BCD, series 200, 200b, and 200c appear under 

the category "GNP and personal income." 

SERIES 50 measures the value of GNP in 1972 dollars. 

Series 50b measures the quarter-to-quarter amount 

of change in series 50. 

Series 50c measures the quarter-to-quarter percent 

change in series 50. 

In BCD, series 50, 50b, and 50c appear under the 

category "GNP and personal income." Series 50 also 

appears under the economic process "production and 

income." 

SERIES 310, the implicit price deflator for GNP, is a 

current-weighted price index (1972=100) and is derived 

by dividing the current-dollar GNP by the constantdollar GNP for each period. It is a weighted average of 

the detailed price indexes used in the deflation of GNP 

with the composition of the constant-dollar output in 

each quarter as weights. In other words, the price indexes 

38 The Handbook of Cyclical Indicators 

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Federal Reserve Bank of St. Louis
for each quarter are weighted by the ratio of the quantity of the item valued in 1972 prices to the total output 

for the corresponding quarter in 1972 prices. Therefore, changes in the implicit price deflator reflect both 

changes in prices and changes in the composition of 

output. 

Series 310c measures the quarter-to-quarter percent 

change in series 310. 

In BCD, series 310 and 310c appear under the category "price movements." 

SERIES 217 measures the per capita GNP in constant 

(1972) dollars. It is computed by dividing series 50 by 

the U.S. population. The U.S. population includes residents of the 50 States and the District of Columbia, and 

members of the U.S. Armed Forces stationed in foreign 

countries and in the outlying areas, but not dependents 

living with them. It excludes residents of Puerto Rico, 

residents of the outlying areas under U.S. sovereignty 

or jurisdiction, and other American citizens living 

overseas. Population estimates for the first of each 

month are published by the Bureau of the Census. A 

quarterly population estimate is computed by the Bureau 

of Economic Analysis by taking 2-month averages of 

the beginning-of-month estimates to represent monthly 

averages and averaging the monthly averages for the 

quarter. The quarterly population estimate is then divided 

into the GNP estimate for the quarter to obtain series 

217. 

In BCD, series 217 appears under the category "GNP 

and personal income." 

SERIES 213 measures that part of GNP that is sold to 

final users. It consists of personal consumption expenditures, gross private domestic fixed investment, government purchases, and net exports. It equals GNP 

less the change in business inventories. 

In BCD, series 213 appears under the category "GNP 

and personal income." 

PERSONAL CONSUMPTION EXPENDITURES 

Series 230. Personal Consumption Expenditures in 

Current Dollars 

Series 231. Personal Consumption Expenditures in 

1972 Dollars 

Series 235. Personal Consumption Expenditures as 

a Percent of Gross National Product 

Series 232. Personal Consumption Expenditures in 

Current Dollars, Durable Goods 

Series 233. Personal Consumption Expenditures in 

1972 Dollars, Durable Goods 

Series 55. Personal Consumption Expenditures, Automobiles 

Series 236. Personal Consumption Expenditures in 

Current Dollars, Nondurable Goods 

Series 238. Personal Consumption Expenditures in 

1972 Dollars, Nondurable Goods 

Series 237. Personal Consumption Expenditures in 

Current Dollars, Services 

Series 239. Personal Consumption Expenditures in 

1972 Dollars, Services 

Source: U.S. Department of Commerce, Bureau of 

Economic Analysis 

(Data contained in these series are seasonally adjusted.) 

PERSONAL consumption expenditures (PCE), a component of the gross national product (GNP), is goods 

and services purchased by individuals, operating expenses of nonprofit institutions, and the value of food, fuel, 

clothing, rental of dwellings, and financial services 

received in kind by individuals. Net purchases of used 

goods also are included. The estimated rental value of 

owner-occupied dwellings is included, but all private 

purchases of residential structures are classified as 

gross private domestic investment. 

PCE for goods and services is estimated for benchmark years as final demand components of the InputOutput Table prepared by the Bureau of Economic Analysis. For goods, the basic data are: Product shipment 

values reported in the census of manufactures; nonmanufactured foods and fuels derived from censuses 

of agriculture and mineral industries; imports, including transportation costs, insurance, and duties; and 

changes in wholesalers' and retailers' inventories. The 

available supply is apportioned at producers' values 

among intermediate uses, investment, exports, government purchases, and PCE. To the derived consumption expenditures at producers' value are added estimates of transportation costs, wholesale and retail 

margins, and sales taxes, based principally on data 

from the Interstate Commerce Commission, the U.S. 

Department of Commerce, Bureau of the Census, and 

the U.S. Department of the Treasury, Internal Revenue 

Service. 

PCE for goods for years between and beyond benchmarks and for quarters and months is based chiefly on 

the trends shown by the Census Bureau retail sales 

data by kind of store; quantity series and price information (for such items as autos, gasoline, and tobacco); and other data from government and nongovernment sources. 

Periodic comprehensive sources—notably the censuses of population and housing, business, and agriculture—provide underlying data for space rental values, 

personal services, repair services, and other components that together constitute about one-half of the 

dollar value of consumer services. This information is 

supplemented by comprehensive annual reports of Government agencies, such as the Office of Education for 

private higher education outlays, the Federal Communications Commission for telephone service, the Interstate Commerce Commission for railroad and bus travel, 

the Civil Aeronautics Board for air travel, and the Internal 

BCD 1984 39 

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Federal Reserve Bank of St. Louis
Revenue Service and the Census Bureau for data on 

physicians, lawyers, and services by other professionals. 

Annual data from private sources, such as the American 

Council of Life Insurance and Best's Fire and Casualty 

Yearbook for insurance items, the American Hospital 

Association for hospital services, the Edison Electric 

Institute and the American Gas Association for electric 

and gas utilities, the American Transit Association for 

outlays for local transportation, and the New York Stock 

Exchange for brokerage fees, also are used. 

PCE in 1972 dollars is obtained by dividing detailed 

components of current-dollar PCE by appropriate price 

indexes in as fine a breakdown as possible and summing the results. Components of the Consumer Price 

Index for All Urban Consumers (CPI-U), compiled by the 

U.S. Department of Labor, Bureau of Labor Statistics, 

and other price information are used. 

SERIES 230 and 231 measure PCE in current and constant (1972) dollars, respectively. 

In BCD, series 230 and 231 appear under the category "personal consumption expenditures." 

SERIES 235 measures the portion of GNP (series 200) 

that consists of PCE (series 230). It is computed by 

dividing series 230 by series 200 and expressing the 

resulting ratios as percents. 

In BCD, series 235 appears under the category 

"shares of GNP and national income." 

SERIES 232 and 233 measure consumer purchases of 

goods that generally have a useful life of 3 or more 

years, in current and constant (1972) dollars, respectively. They include such items as automobiles, furniture, and household appliances. 

In BCD, series 232 and 233 appear under the category "personal consumption expenditures." 

SERIES 55 measures consumer purchases of new cars 

and net purchases of used cars. 

In BCD, series 55 appears under the economic process "consumption, trade, orders, and deliveries." 

SERIES 236 and 238 measure consumer purchases of 

goods that generally have a useful life of less than 3 

years, in current and constant (1972) dollars, respectively. They include such items as food, clothing, and 

gasoline. 

In BCD, series 236 and 238 appear under the category "personal consumption expenditures." 

SERIES 237 and 239 measure purchases of services in 

current and constant (1972) dollars, respectively. They 

include such items as housing and household operation, 

transportation, and medical care. 

In BCD, series 237 and 239 appear under the category "personal consumption expenditures." 

GROSS PRIVATE DOMESTIC INVESTMENT 

Series 240. Gross Private Domestic Investment in 

Current Dollars 

Series 241. Gross Private Domestic Investment in 

1972 Dollars 

Series 242. Gross Private Domestic Fixed Investment 

in Current Dollars 

Series 243. Gross Private Domestic Fixed Investment 

in 1972 Dollars 

Series 86. Gross Private Nonresidential Fixed Investment in 1972 Dollars 

Series 87. Gross Private Nonresidential Fixed Investment in 1972 Dollars, Structures 

Series 88. Gross Private Nonresidential Fixed Investment in 1972 Dollars, Producers' Durable Equipment 

Series 89. Gross Private Residential Fixed Investment 

in 1972 Dollars 

Series 245. Change in Business Inventories in Current Dollars 

Series 30. Change in Business Inventories in 1972 

Dollars 

Series 247. Change in Business Inventories as a Percent of Gross National Product 

Series 248. Gross Private Nonresidential Fixed Investment as a Percent of Gross National Product 

Series 249. Gross Private Residential Fixed Investment 

as a Percent of Gross National Product 

Source: U.S. Department of Commerce, Bureau of 

Economic Analysis 

(Data contained in these series are seasonally adjusted.) 

GROSS private domestic investment (GPDI), a component of the gross national product (GNP), is fixed capital goods purchased by private business and nonprofit 

institutions, and the value of the change in the physical 

volume of inventories held by private business. GPDI 

includes all private purchases of dwellings, whether 

purchased for tenant or owner occupancy. Net purchases of used goods are included also. 

"Fixed investment" includes structures and producers' 

durable equipment purchased by private business and 

nonprofit institutions, but excludes the change in business inventories. 

The "producers' durable equipment" component of 

fixed investment is equipment expenditures that are 

chargeable to fixed asset accounts for which depreciation accounts normally are maintained. It includes purchases of new equipment and net purchases of used 

40 The Handbook of Cyclical Indicators 

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Federal Reserve Bank of St. Louis
equipment with an expected economic life of 1 year or 

more. Sales of equipment scrap other than autos are 

deducted. 

The "nonresidential structures" component of fixed 

investment includes purchases of privately owned nonresidential buildings, farm structures, public utilities, 

and other types of structures, including hotels, motels, 

and necessary service facilities (such as plumbing, heating, and elevators). Structures also cover certain types 

of permanent equipment, such as blast furnaces and 

nuclear reactors, which are built primarily on site, and 

the exploration and development of oil and gas wells 

and mine shafts. The component includes purchases of 

new structures, the net purchases of used structures, 

and brokers' commissions on the sale of structures. 

The "residential structures" component is the purchase by business and individuals of housekeeping and 

nonhousekeeping residential buildings (including necessary service facilities, such as plumbing, heating, 

and elevators) and additions and alterations to these 

buildings. Nonhousekeeping residential buildings consist of dormitories and similar facilities. The component includes purchases of new structures, net purchases of used structures, and commissions on the 

sale of structures. 

"Change in business inventories" is the change in 

the physical volume of farm and nonfarm inventories 

valued at average prices for the period. Nonfarm inventories include purchased materials, supplies, goods in 

process, finished goods, and goods purchased for resale; 

farm inventories include livestock and harvested crops. 

The following procedures are used to estimate the 

GPDI components: 

The producers' durable equipment estimate for 

benchmark years is based on the input-output data 

prepared by the Bureau of Economic Analysis. The census 

of manufactures, compiled by the U.S. Department of 

Commerce, Bureau of the Census, is the main source 

of data on the value of product shipments. Annual estimates are calculated by detailed commodities or commodity groups. For each commodity, manufacturers' 

shipments are adjusted for the flows that do not contribute to gross private capital formation. These include 

intermediate shipments of machinery components and 

parts, replacement parts, shipments for export, government purchases, and consumer purchases. Where 

appropriate, imports are added. Then margins, which 

account for the difference between the manufacturers' price and the purchasers' price, are added. Finally, 

adjustments are made for transactions in used goods. 

The producers' durable equipment estimate between 

and beyond benchmarks is based on the annual survey 

of manufactures compiled by the Census Bureau. The 

annual survey provides product shipment data at a less 

detailed level than the census of manufactures. For 

some commodities, the information on shipments is 

supplemented by data from the current industrial reports 

series for specific products. Trade source data on unit 

sales and average prices are used to estimate motor 

vehicle purchases, and Interstate Commerce Commission transport statistics are used to estimate railroad equipment purchases. In addition, export and 

import data from Census Bureau foreign trade tabulations are utilized. 

Quarterly interpolation and extrapolation are based 

on series derived largely from the Census Bureau monthly 

manufacturers' shipments and foreign trade data, and 

from trade association data for motor vehicles. 

The nonresidential structures estimate is derived from 

monthly data for private new construction compiled by 

the Census Bureau, estimated construction and exploration expenditures for petroleum and natural gas drilling and mine shafts, commissions on the sale of structures, and net transfers of used structures from (or to) 

government. The petroleum and natural gas series is 

benchmarked to data collected in the censuses of minerals industries. The annual estimates, which are tied 

to these benchmarks, are developed mainly from figures on the total drilling footage adjusted for changes 

in costs, as reported in trade sources, and the Census 

Bureau annual survey of oil and gas. 

The residential structures estimate is derived from 

monthly data for private new construction of residential buildings compiled by the Census Bureau. 

To ascertain the change in the physical quantity of 

stocks of nonfarm inventories, inventories are separated into LIFO (last-in-first-out) and non-LIFO portions. End of period non-LIFO book values are converted to constant prices using selected Producer Price 

Indexes appropriate to each industry from the U.S. 

Department of Labor, Bureau of Labor Statistics (BLS). 

Then the change is computed. The price indexes are 

chosen to reflect the commodity composition of inventories in each industry, and are constructed to measure 

the "cost" or "market" valuation at the end of each 

period. For LIFO inventories, first the book value change 

is calculated, and then the change is deflated using 

price indexes based on the same commodity composition as that used for the non-LIFO inventories, but 

constructed to reflect the average price for the period. 

Census Bureau data on the particular accounting methods used by businesses to charge goods out of inventory 

are used to determine the period for which prices are 

embodied in inventories. The increments in the constantdollar inventory series are converted to current prices 

by multiplying them by ratios of current prices to baseperiod prices. 

The change in farm inventories, estimated by the 

U.S. Department of Agriculture (USDA), is calculated 

at average prices during the period and needs no further adjustment. 

The book values of nonfarm inventories are based on 

book value data reported to the Census Bureau and 

business income tax returns tabulated by the U.S. 

Department of the Treasury, Internal Revenue Service. 

For manufacturing and trade inventories, which comprise about nine-tenths of the nonfarm total, the 

censuses of business supply benchmarks for selected 

BCD 1984 41 

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Federal Reserve Bank of St. Louis
years. Annual and quarterly estimates are derived from 

the Census Bureau current business reports: Manufacturers' Shipments, Inventories, and Orders; Wholesale 

Trade; and Annual Retail Trade. The extrapolation of 

retail trade inventories within the year is derived mainly 

from a subsample of the annual retail trade survey. 

Annual inventories of nonfarm industries other than 

manufacturing and trade are obtained from Internal 

Revenue Service data; quarterly estimates are based 

mainly on unpublished data on working capital from 

the Board of Governors of the Federal Reserve System 

and other data obtained from the U.S. Department of 

Energy and trade associations. 

The value of farm inventories is estimated by USDA 

from quantity and price data. 

GPDI in 1972 dollars is derived principally by dividing 

components of current-dollar GPDI by appropriate price 

indexes in as fine a breakdown as possible, and summing the results. The "structures" component is deflated 

largely by construction price and cost indexes compiled by government and private agencies. The residential structures portion (except alterations and additions and mobile homes) is deflated by the Census 

Bureau price index for single-family housing (excluding land). Alterations and additions is deflated by the 

BLS Consumer Price Index for maintenance and repairs; 

mobile homes is deflated by the BLS Producer Price 

Index for mobile homes. 

Producers' durable equipment purchases are adjusted 

to eliminate price changes using principally the Producer Price Indexes. 

Composite price indexes for about 60 industries, constructed from components of the Producer Price Indexes, are used to deflate the book value of the nonfarm 

component of inventories. (The deflated change in these 

inventories is reflated by multiplying by the ratio of 

current prices to base-period prices to arrive at the 

current value of the change in physical volume of the 

nonfarm inventories.) The farm component of inventories, which is calculated at average prices during the 

period, is deflated by the USDA series, prices received 

by farmers. Changes in nonfarm and farm business 

inventories are then summed in both constant and 

current dollars. 

SERIES 240 and 241 are measures of gross private 

domestic investment—the sum of producers' durable 

equipment, residential and nonresidential structures, 

and the change in business inventories—in current 

and constant (1972) dollars, respectively. 

In BCD, series 240 and 241 appear under the category "gross private domestic investment." 

SERIES 242 and 243 are measures of the fixed investment portion of total private domestic investment—the 

sum of producers' durable equipment and residential 

and nonresidential structures—in current and constant 

(1972) dollars, respectively. 

In BCD, series 242 and 243 appear under the category "gross private domestic investment." 

SERIES 86 measures the value of private domestic nonresidential fixed investment in constant (1972) dollars. 

It is the sum of producers' durable equipment in 1972 

dollars (series 88) and nonresidential structures in 1972 

dollars (series 87). 

In BCD, series 86 appears under the economic process "fixed capital investment." 

SERIES 87 measures the value of domestic investment 

in nonresidential structures in constant (1972) dollars. 

In BCD, series 87 appears under the economic process "fixed capital investment." 

SERIES 88 measures the value of domestic investment 

in nonresidential producers' durable equipment in constant (1972) dollars. 

In BCD, series 88 appears under the economic process "fixed capital investment." 

SERIES 89 measures the value of domestic investment 

in residential structures in constant (1972) dollars. 

In BCD, series 89 appears under the economic process "fixed capital investment." 

SERIES 245 and 30 measure the quarter-to-quarter 

amount of change in the physical volume of inventories 

valued at the average price for the current period for 

estimates in current dollars (series 245), and at the 

average price for the base period for estimates in 1972 

dollars (series 30). 

In BCD, series 245 and 30 appear under the category "gross private domestic investment." Series 30 also 

appears under the economic process "inventories and 

inventory investment." 

SERIES 247, 248, and 249 measure the share of GNP 

held by the three major components of GPDI. The series 

are computed by dividing current-dollar inventory 

change (series 245), current-dollar gross private nonresidential fixed investment, and current-dollar gross 

private residential fixed investment, respectively, by 

current-dollar GNP (series 200) and expressing the 

resulting ratios as percents. 

In BCD, series 247, 248, and 249 appear under the 

category "shares of GNP and national income." 

42 The Handbook of Cyclical Indicators 

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GOVERNMENT PURCHASES OF GOODS 

AND SERVICES 

Series 260. Government Purchases of Goods and Services in Current Dollars 

Series 261. Government Purchases of Goods and Services in 1972 Dollars 

Series 262. Federal Government Purchases of Goods 

and Services in Current Dollars 

Series 263. Federal Government Purchases of Goods 

and Services in 1972 Dollars 

Series 564. Federal Government Purchases of Goods 

and Services, National Defense 

Series 565. National Defense Purchases as a Percent 

of Gross National Product 

Series 265. Federal Government Purchases of Goods 

and Services as a Percent of Gross National 

Product 

Series 266. State and Local Government Purchases 

of Goods and Services in Current Dollars 

Series 267. State and Local Government Purchases 

of Goods and Services in 1972 Dollars 

Series 268. State and Local Government Purchases 

of Goods and Services as a Percent of 

Gross National Product 

Source: U.S. Department of Commerce, Bureau of 

Economic Analysis 

(Data contained in these series are seasonally adjusted.) 

GOVERNMENT purchases of goods and services, a component of the gross national product (GNP), is the 

compensation of government employees and purchases 

by government from business and from abroad. It 

excludes transfer payments, interest paid by government, and subsidies. It includes gross investment by 

government enterprises, but excludes their current 

outlays. It includes net purchases of used goods, and 

excludes sales and purchases of land and financial assets. 

The quarterly estimates of "Federal purchases of 

goods and services" are based essentially on the Monthly 

Statement of Receipts and Outlays of the U.S. Government issued by the U.S. Department of the Treasury. However, numerous adjustments are made because 

the "budget outlays" reported in this publication includes 

items other than purchases of goods or services, 

excludes other items that constitute purchases according to the definitions of GNP, and reflects still others 

with timing different from that of the national income 

and product accounts. 

The procedure treats the Treasury total of budget 

outlays as a benchmark, adding or subtracting appropriate amounts to derive purchases of goods and services as a residual. The principal deductions are public 

debt interest, grants-in-aid to State and local governments, transfer payments, subsidies, net expenditures 

of government enterprises, foreign currency purchases, and loans and other capital transactions. Among 

the principal additions are the acquisition of fixed assets 

and inventories by government enterprises. These additions involve partial restoration of the total enterprise 

expenditures previously deducted. Purchases are also 

converted from a cash-timing basis to a delivery-timing 

basis by subtracting from disbursements the change in 

outstanding progress payments and adding back the 

change in corporate receivables from Government. 

These adjustments are either found explicitly in the 

Monthly Treasury Statement or derived from annual 

data published in the Budget of the U.S. Government the 

Treasury's Combined Statement of Receipts, Expenditures, and Balances of the U.S. Government; financial reports of government corporations; and a wide 

variety of other documents, including detailed information from the U.S. Department of Defense on deliveries. Contacts with officials of government agencies 

supplement the basic source material. 

"State and local purchases of goods and services" 

are derived from reports of the Governments Division 

and the Construction Statistics Division of the U.S. 

Department of Commerce, Bureau of the Census and 

from reports of the U.S. Department of Labor, Bureau 

of Labor Statistics (BLS). 

BLS data are the primary source used to derive measures of compensation for State and local employees; 

new construction purchases are derived from Construction Statistics Division data. Estimates for other purchases of goods and services are derived by subtracting from Governments Division data on State and local 

government expenditures (excluding payrolls and related 

outlays), those outlays that do not represent direct 

purchases of goods and services (such as transfer 

payments, interest, current operating expenditures of 

government enterprises, and purchases of land) and 

adding back government contributions to self-administered insurance funds. 

Two methods are used to deflate government purchases. The methodology to obtain constant-dollar 

government purchases from business incorporates 

information on prices and product composition of government purchases. In some cases, price information 

that relates directly to the kind of goods and services 

purchased is obtained from government agencies, especially the Defense Department. Detail on the product 

composition of government purchases permits a matching of current-dollar purchases with the price indexes 

used to convert them into constant dollars. For the 

Federal Government, this information is derived from 

records on contracts awarded by the Defense Department, the General Services Administration, and certain 

other agencies. The Defense Department also supplies 

reports and materials on contract prices, deliveries, 

contract control documentation, and budget backup 

documentation. For State and local governments, incorporation of information underlying the 1963, 1967, 

and 1972 input-output tables on the industry distribution of the several functional categories of purchases 

serves a similar purpose. 

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For compensation of employees, the constant-dollar 

estimates are obtained by extrapolating the 1972 

current-dollar estimates by a physical quantity measure. For this purpose, quality-adjusted hours worked 

are used to approximate physical quantity. For Federal 

Government civilian employees, hours worked in the 

various civil service and wage board grades are valued 

at 1972 average compensation in those grades. The 

rationale is that shifts in grade levels reflect experience and education, although the procedure is modified to eliminate shifts in grade levels that do not reflect 

differences in these factors. Constant-dollar compensation for military employees is obtained by a similar 

procedure using employment data by military rank. 

For State and local elementary and secondary teachers, measures of hours worked (classified by educational attainment and experience) are multiplied by 

base-year average compensation for each of the classifications. For teachers in higher education, the 

weighting takes into account only differences in educational attainment. For noneducation employees, estimates of average work weeks and employment are used 

to generate constant-dollar compensation measures. 

SERIES 260 and 261 measure the value of purchases of 

goods and services by Federal, State, and local governments in current and constant (1972) dollars, 

respectively. 

In BCD, series 260 and 261 appear under the category "government purchases of goods and services." 

SERIES 262 and 263 measure the value of purchases of 

goods and services by the Federal Government in current and constant (1972) dollars, respectively. 

In BCD, series 262 and 263 appear under the category "government purchases of goods and services." 

SERIES 564 measures the value of Federal Government 

purchases of goods and services for national defense. 

The activities classified under national defense are: 

Defense Department military functions, military assistance to other nations, development and control of 

defense-related atomic energy, and stockpiling and 

certain other defense-related activities. 

In BCD, series 564 appears under the category 

"defense indicators." 

SERIES 565 measures the portion of GNP (series 200) 

that consists of national defense purchases (series 564). 

It is computed by dividing series 564 by series 200 and 

expressing the resulting ratios as percents. 

In BCD, series 565 appears under the category 

"defense indicators." 

SERIES 265 measures the portion of GNP (series 200) 

that consists of Federal Government purchases (series 

262). It is computed by dividing series 262 by series 

200 and expressing the resulting ratios as percents. 

In BCD, series 265 appears under the category 

"shares of GNP and national income." 

SERIES 266 and 267 measure the value of purchases of 

goods and services by State and local governments in 

current and constant (1972) dollars, respectively. 

In BCD, series 266 and 267 appear under the category "government purchases of goods and services." 

SERIES 268 measures the portion of GNP (series 200) 

that is State and local government purchases (series 

266). It is computed by dividing series 266 by series 

200 and expressing the resulting ratios as percents. 

In BCD, series 268 appears under the category 

"shares of GNP and national income." 

EXPORTS AND IMPORTS OF GOODS 

AND SERVICES 

Series 252. Exports of Goods and Services in Current 

Dollars 

Series 256. Exports of Goods and Services in 1972 

Dollars 

Series 253. Imports of Goods and Services in Current 

Dollars 

Series 257. Imports of Goods and Services in 1972 

Dollars 

Series 250. Net Exports of Goods and Services in Current Dollars 

Series 255. Net Exports of Goods and Services in 1972 

Dollars 

Series 251. Net Exports of Goods and Services as a 

Percent of Gross National Product 

Source: U.S. Department of Commerce, Bureau of 

Economic Analysis 

(Data contained in these series are seasonally adjusted.) 

NET exports of goods and services, a component of the 

gross national product (GNP), is exports less imports 

of goods and services. Exports are part of national 

production. Imports are not, but are included in the 

components of GNP as they are usually measured, and 

therefore are deducted. There are differences between 

the national income and product accounts (NIPA's) 

measures of imports and exports ("200" series) and 

the detailed balance of payment accounts (BPA) measures ("600" series). To adjust exports to NIPA's concepts, gold exports, capital gains net of losses in direct 

investment income receipts, and part of military sales 

are deducted from BPA exports. The military sales that 

are excluded are treated as military grants in NIPA's. 

44 The Handbook of Cyclical Indicators 

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To adjust imports of goods and services to NIPA's concepts, gold imports, capital gains net of losses in direct 

investment income payments, and payments of income 

on U.S. Government liabilities are deducted from the 

BPA imports. In addition, the excess of the value of 

gold in domestic final sales plus the change in business 

inventories over the value of U.S. production of gold is 

added to imports. The "gold adjustment" begins in 

1960; prior to 1960, this adjustment was not necessary. The "capital gains" adjustments begin in 1978; 

data needed to make these adjustments are not available prior to this date. Before Alaska and Hawaii gained 

statehood in late 1959, their exports were deducted 

from NIPA's. 

The series has three major components: 

1. The merchandise exports and imports are based 

on official U.S. foreign trade statistics compiled 

by the U.S. Department of Commerce, Bureau 

of the Census, with certain adjustments made 

by the Bureau of Economic Analysis (BEA) for 

valuation, coverage, and timing. (For a more 

detailed description, see the International Transactions section in this Handbook.) 

2. The factor income portion of exports includes 

dividends, reinvested earnings, interest, and 

branch profits received by U.S. residents on 

their foreign direct investment; interest and 

dividends on foreign securities held by U.S. residents; interest on bank and commercial loans 

received by U.S. residents from foreigners; interest received by the U.S. Government on loans 

to foreign countries; and labor income received 

by U.S. residents from foreigners. Foreign taxes 

are excluded. The factor income portion of 

imports includes dividends, reinvested earnings, 

interest, and branch profits paid foreigners on 

their direct investment in the United States; 

interest and dividends on U.S. private securities, bank deposits, and other assets held by 

foreigners in the United States; and labor income 

paid by the U.S. to foreigners. U.S. withholding 

taxes are excluded. 

3. "Other services:" Exports consists of U.S. military sales to foreigners, receipts for transportation services, travel by foreign visitors to the 

United States, royalties and fees, miscellaneous 

private services, and miscellaneous services rendered by the U.S. Government. Imports consists of expenditures abroad by U.S. military 

agencies and by other U.S. Government agencies, payments for transportation services, travel 

abroad by U.S. residents, royalties and fees, 

and miscellaneous private services. 

The 1972 dollar series is the balance of separately 

deflated exports and imports. The following deflation 

procedures are used: 

1. The inflow and outflow of factor income are 

deflated by the implicit price deflator for U.S. 

net domestic product. These factor incomes 

represent, respectively, the value of production 

abroad that is attributed to factors of production supplied by U.S. residents and the value of 

production in the United States that is attributable to factors of production supplied by foreign residents. (Virtually all of the income is 

attributable to capital.) 

2. Components of merchandise trade are deflated primarily by unit value indexes compiled by 

the Census Bureau. Beginning in 1972, exports 

of commercial aircaft are deflated by the price 

index for commercial aircraft compiled by the 

Civil Aeronautics Board. Beginning in 1981, 

manufactured products are deflated by export 

and import price indexes compiled by the U.S. 

Department of Labor, Bureau of Labor Statistics (BLS). 

3. Components of services other than factor income 

are deflated as follows: The inflow and outflow 

of fees and royalties between affiliates are deflated by the implicit price deflator for gross domestic 

product. Beginning in 1972, transfers under U.S. 

military sales contracts (an export component) 

are deflated by commodity groups using implicit 

price deflators developed by BEA for deflation 

of national defense purchases. Also beginning in 

1972, exports of miscellaneous U.S. Government 

services are deflated by the BEA deflator for 

government sales of services. Travel expenditures are deflated by appropriate BLS Consumer 

Price Indexes. Passenger fares are deflated by 

price indexes estimated by BEA. Constant-dollar 

estimates for other transportation are based 

primarily on extrapolation of base-year dollars 

by quantity data. 

SERIES 252 and 256 measure the total value of exports, 

as defined above, in current and constant (1972) dollars, respectively. 

In BCD, series 252 and 256 appear under the category "foreign trade." 

SERIES 253 and 257 measure the total value of imports, 

as defined above, in current and constant (1972) dollars, respectively. 

In BCD, series 253 and 257 appear under the category "foreign trade." 

SERIES 250 and 255 measure the value of net exports 

from the United States in current and constant (1972) 

dollars, respectively. Net exports are equal to the difBCD1984 45 

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ference between exports and imports, or series 252 

minus series 253 for current dollars, and series 256 

minus series 257 for constant dollars. 

In BCD, series 250 and 255 appear under the category "foreign trade." 

SERIES 251 measures the portion that net exports of 

goods and services (series 250) is of GNP (series 200). 

It is computed by dividing series 250 by series 200 and 

expressing the resulting ratios as percents. 

In BCD, series 251 appears under the category 

"shares of GNP and national income." 

NATIONAL INCOME 

Series 220. National Income in Current Dollars 

Source: U.S. Department of Commerce, Bureau of 

Economic Analysis 

(Data contained in this series are seasonally adjusted.) 

NATIONAL income is the incomes that originate in the 

production of goods and services attributable to labor 

and property supplied by residents of the United States. 

Thus, it measures the factor costs of goods and services produced. Incomes are recorded in the forms in 

which they accrue to residents and are measured before 

deduction of taxes on those incomes. They consist of 

compensation of employees (series 280), proprietors' 

income (series 282), rental income of persons (series 

284), corporate profits (series 286), and net interest 

(series 288). (For a description of these components, 

see the appropriate sections in this Handbook.) 

National income differs from the gross national product 

(GNP) (series 200). National income excludes capital 

consumption allowances with capital consumption 

adjustment, indirect business taxes (e.g., sales, excise, 

and business property taxes), business transfer payments, and current surplus of government enterprises 

and includes subsidies. 

Estimates of national income now cover the 50 States 

and the District of Columbia; prior to 1960, they did not 

cover Alaska and Hawaii. 

In BCD, series 220 appears under the category 

"national income and its components." 

COMPENSATION OF EMPLOYEES 

Series 280. Compensation of Employees 

Series 64. Compensation of Employees as a Percent 

of National Income 

Source: U.S. Department of Commerce, Bureau of 

Economic Analysis 

Series 345. Index of Average Hourly Compensation, 

All Employees, Nonfarm Business Sector 

Series 345c. Percent Change in Average Hourly Compensation 

Series 346. Index of Real Average Hourly Compensation, All Employees, Nonfarm Business 

Sector 

Series 346c. Percent Change in Real Average Hourly 

Compensation 

Sources: U.S. Department of Commerce, Bureau of 

Economic Analysis; U.S. Department of 

Labor, Bureau of Labor Statistics 

(Data contained in these series are seasonally adjusted.) 

COMPENSATION of employees is the income accruing 

to employees as remuneration for their work. It is the 

sum of wages and salaries and supplements to wages 

and salaries. 

4

'Wages and salaries" consists of the monetary remuneration of employees, including the compensation of 

corporate officers; commissions, tips, and bonuses; 

and receipts in kind that represent income to the recipients. It is measured on an accrual basis. 

"Supplements to wages and salaries" consists of 

employer contributions for social insurance and other 

labor income. Employer contributions for social insurance include employer payments under the following 

programs: Federal old-age, survivors, disability, and 

hospital insurance; State unemployment insurance; railroad retirement and unemployment insurance; government retirement; and publicly administered workers' 

compensation. Other labor income includes employer 

contributions to private pension and welfare funds, 

and directors' fees. 

SERIES 280 measures compensation of employees, as 

defined above. 

In BCD, series 280 appears under the category 

"national income and its components." 

SERIES 64 measures the proportion of national income 

(series 220) that consists of employee compensation 

(series 280). It is computed by dividing series 280 by 

series 220 and expressing the resulting ratios as 

percents. 

In BCD, series 64 appears under the economic process "prices, costs, and profits" and under the category 

"shares of GNP and national income." 

SERIES 345 is an index (1977 = 100) based on average 

hourly compensation of employees in the nonfarm business sector, including government enterprises. 

The series is computed by the Bureau of Labor Statistics (BLS) by dividing seasonally adjusted compensation (as defined above) compiled by the Bureau of 

Economic Analysis (BEA) by seasonally adjusted labor 

input (employee hours) estimates compiled by BLS 

and converting the resulting ratios into an index. 

46 The Handbook of Cyclical Indicators 

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Series 345c measures the percent change in series 

345 over 1- and 4-quarter spans. 

In BCD, series 345 and 345c appear under the category ''wages and productivity." 

SERIES 346 measures the spending power of average 

hourly compensation of employees in the nonfarm business sector, including government enterprises. It is 

computed by deflating series 345 by the BLS Consumer Price Index for All Urban Consumers (CPI-U), seasonally adjusted by BEA using seasonal factors provided by BLS. 

Series 346c measures the percent change in series 

346 over 1- and 4-quarter spans. 

In BCD, series 346 and 346c appear under the category "wages and productivity." 

PROPRIETORS' INCOME 

Series 282. Proprietors' Income With Inventory Valuation and Capital Consumption Adjustments 

Series 283. Proprietors' Income With Inventory Valuation and Capital Consumption Adjustments as a Percent of National Income 

Source: U.S. Department of Commerce, Bureau of 

Economic Analysis 

(Data contained in these series are seasonally adjusted.) 

PROPRIETORS' income with inventory valuation (IVA) 

and capital consumption adjustments (CCAdj) is the 

monetary income and income in kind of sole proprietorships and partnerships and of producers' cooperatives. Interest and dividend income received by proprietors, and rental incomes received by persons who 

are not primarily engaged in the real estate business 

are excluded. 

IVA and CCAdj are designed to obtain a measure of 

proprietors' income in which inventories and fixed capital 

are valued at replacement cost, the valuation concept 

underlying national income and product accounting, 

rather than historical cost, the valuation concept 

underlying business accounting. CCAdj also places the 

using up in production of fixed capital on a consistent 

basis with respect to service lives and depreciation 

formulas (straight-line). (For a more complete description of IVA and CCAdj, see the Corporate Profits section in this Handbook.) 

SERIES 282 measures proprietors' income with IVA 

and CCAdj, as described above. 

In BCD, series 282 appears under the category 

"national income and its components." 

BCD 1984 

SERIES 283 measures the portion of national income 

(series 220) that consists of proprietors' income (series 

282). It is computed by dividing series 282 by series 

220 and expressing the resulting ratios as percents. 

In BCD, series 283 appears under the category 

"shares of GNP and national income." 

RENTAL INCOME OF PERSONS 

Series 284. Rental Income of Persons With Capital 

Consumption Adjustment 

Series 285. Rental Income of Persons With Capital 

Consumption Adjustment as a Percent 

of National Income 

Source: U.S. Department of Commerce, Bureau of 

Economic Analysis 

(Data contained in these series are seasonally adjusted.) 

RENTAL income of persons with capital consumption 

adjustment (CCAdj) is the monetary income of persons 

from the rental of real property, except the income of 

persons primarily engaged in the real estate business; 

the imputed net rental income of owner-occupants of 

nonfarm dwellings; and the royalties received by persons 

from patents, copyrights, and rights to natural resources. 

CCAdj is designed to obtain a measure of rental income 

in which fixed capital is valued at replacement cost, the 

valuation concept underlying national income and product accounting, rather than historical cost, the valuation concept underlying business accounting. CCAdj 

also places the using up of fixed capital on a consistent 

basis with respect to service lives and depreciation 

formulas (straight line). (For a more complete description 

of CCAdj, see the Corporate Profits section in this 

Handbook.) 

SERIES 284 measures rental income, as described above. 

In BCD, series 284 appears under the category 

"national income and its components." 

SERIES 285 measures the portion of national income 

(series 220) that consists of rental income (series 284). It 

is computed by dividing series 284 by series 220 and 

expressing the resulting ratios as percents. 

In BCD, series 285 appears under the category 

"shares of GNP and national income." 

NET INTEREST 

Series 288. Net Interest 

Series 289. Net Interest as a Percent of National Income 

Source: U.S. Department of Commerce, Bureau of 

Economic Analysis 

(Data contained in these series are seasonally adjusted.) 

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NET interest is interest paid by domestic business, less 

interest received by it, plus net interest received from 

abroad. Interest payments on mortgage and home 

improvement loans are counted as interest paid by 

business, because homeowners are treated as businesses in the national income and product accounts. In 

addition to monetary interest flows, net interest includes 

flows of interest in kind (imputed interest). The latter 

have their counterparts in similar service charges, which 

are included in personal consumption expenditures and in 

government purchases. 

SERIES 288 measures net interest, as defined above. 

In BCD, series 288 appears under the category 

"national income and its components." 

SERIES 289 measures the portion of national income 

(series 220) that consists of net interest (series 288). 

It is computed by dividing series 288 by series 220 and 

expressing the resulting ratios as percents. 

In BCD, series 289 appears under the category 

"shares of GNP and national income." 

GROSS SAVING 

Series 290. Gross Saving 

Source: U.S. Department of Commerce, Bureau of 

Economic Analysis 

(Data contained in this series are seasonally adjusted.) 

GROSS saving measures private saving plus government 

surplus or deficit. It includes personal saving (series 

292), undistributed corporate profits with inventory 

valuation and capital consumption adjustments, capital consumption allowances with capital consumption 

adjustment, the excess of wage accruals over disbursements (usually negligible), government surplus or deficit (series 298), and net capital grants received by the 

United States. (For a description of these components, 

see the appropriate sections in this Handbook.) 

In BCD, series 290 appears under the category 

"saving." 

PERSONAL SAVING 

Series 292. Personal Saving 

Series 293. Personal Saving Rate 

Source: U.S. Department of Commerce, Bureau of 

Economic Analysis 

(Data contained in these series are seasonally adjusted.) 

PERSONAL saving is personal income (series 223) less 

personal outlays and personal tax and nontax payments. 

It is the current saving of individuals (including proprietors), nonprofit institutions, private noninsured welfare funds, and private trust funds. Personal saving 

equals the change in the net worth of persons, which 

also may be viewed as the sum of net acquisition of 

financial assets (cash and deposits, securities, and the 

net equity of individuals in life insurance and in private 

noninsured pension funds) and physical assets, less 

the sum of net borrowing and of capital consumption 

allowances with capital consumption adjustment. 

"Personal outlays" is the sum of personal consumption expenditures (series 230), interest paid by consumers to business, and personal transfer payments to 

foreigners (net). The last item consists of personal 

remittances in cash and in kind sent abroad less such 

remittances from abroad. 

"Personal tax and nontax payments" is tax payments 

(net of refunds) by persons (except personal contributions for social insurance) that are not chargeable to 

business expense, and of certain other personal payments to government agencies (except government 

enterprises) that it is convenient to treat like taxes. 

Personal taxes includes income, estate and gift, and 

personal property taxes. Nontaxes include passport 

fees, fines and penalties, donations, and tuitions and 

fees paid to schools and hospitals operated mainly by 

government. Nontaxes generally exclude purchases by 

persons from government of goods and services that 

are similar to goods and services purchased by persons 

from business. 

In BCD, series 292 and 293 appear under the category "saving." 

SERIES 292 measures aggregate personal saving, as 

defined above. 

SERIES 293 measures the portion of disposable personal 

income (series 224) that is saved (series 292). This 

series is computed by dividing series 292 by series 224 

and expressing the resulting ratios as percents. 

GOVERNMENT SAVING 

Series 298. Government Surplus or Deficit 

Source: U.S. Department of Commerce, Bureau of 

Economic Analysis 

(Data contained in this series are seasonally adjusted.) 

GOVERNMENT saving measures the difference between 

government receipts and government expenditures as 

recorded in the national income and product accounts. 

It also may be viewed as the net acquisition of financial 

assets by government and government enterprises, 

and net government purchases of land and of rights to 

Government-owned land including oil resources. Federal, State, and local governments are included in this 

series. The series is computed by adding the Federal 

48 The Handbook of Cyclical Indicators 

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surplus or deficit (series 500) to the State and local 

government surplus or deficit (series 510). 

Government receipts consist of personal tax and 

nontax payments, corporate profits tax accruals, indirect business tax and nontax accruals, and contributions for social insurance. !n addition, State and local 

government receipts include Federal grants-in-aid. Government expenditures include purchases of goods and 

services (series 260); transfer payments to persons 

and to foreigners (net); net interest paid to persons, 

business, and foreigners; and subsidies. They exclude 

current surplus of government enterprises, dividends 

received by Government, and wage accruals less disbursements. Federal expenditures also include grantsin-aid to State and local governments. (For a more 

complete description of government receipts and expenditures, see the Government Receipts and Expenditures 

section in this Handbook.) 

In BCD, series 298 appears under the category 

"saving." 

FIXED-WEIGHTED PRICE INDEX 

Series 311. Fixed-Weighted Price Index, Gross Domestic Business Product 

Series 311c. Percent Change in Fixed-Weighted Price 

Index, Gross Domestic Business Product 

Source: U.S. Department of Commerce, Bureau of 

Economic Analysis 

(Data contained in these series are seasonally adjusted.) 

SERIES 311 measures price changes of all items included 

in gross domestic business product. It is an index 

(1972=100) obtained by combining the prices of the 

goods and services included in gross domestic business product, using the composition of business product in 1972 as weights. It differs from the implicit price 

deflator for gross domestic business product, which is 

the ratio of current-dollar to constant-dollar values of 

the series and is based on constant-dollar, currentperiod weights. Accordingly, changes in the fixedweighted price index reflect only changes in prices; 

changes in the implicit price deflator reflect both changes 

in prices and changes in the composition of gross domestic business product. The fixed-weighted price series 

begins in 1959; data prior to 1959 are the implicit price 

deflator. 

"Gross domestic business product" is that part of 

gross national product originating in the business sector that is attributed to labor and property located in 

the United States. 

"Business" consists of all organizations located in 

the United States that produce goods and services for 

sale at a price intended to at least approximate costs of 

production. In the main, it covers corporate and noncorporate private enterprises organized for profit. Mutual 

financial institutions, private noninsured pension funds, 

cooperatives, nonprofit organizations serving business, 

Federal Reserve banks, and federally sponsored credit 

agencies and government enterprises also are included. Owner-occupied housing, and buildings and equipment owned and used by nonprofit institutions serving 

individuals are considered to be business organizations 

selling their current services to their owners. 

Series 311c is the quarter-to-quarter percent change 

in the fixed-weighted price index (series 311). 

In BCD, series 311 and 311c appear under the category "price movements." 

CONSUMER PRICES 

Series 320. Consumer Price Index for All Urban Consumers (CPI-U) 

Series 320c. Percent Change in Consumer Price Index 

for All Urban Consumers 

Series 322. Consumer Price Index for All Urban Consumers, Food 

Series 322c. Percent Change in Consumer Price Index 

for All Urban Consumers, Food 

Source: U.S. Department of Labor, Bureau of Labor 

Statistics 

(Data contained in series 320 are not seasonally adjusted. 

Data contained in series 320c, 322, and 322c are seasonally adjusted.) 

THE Consumer Price Index (1967 = 100) measures the 

average change in the cost of a fixed market basket of 

goods and services purchased by consumers. Beginning January 1978, the index estimates prices paid by 

all urban consumers and is designated CPI-U. These 

consumers, who comprise about 80 percent of the 

noninstitutional population of the United States, include 

urban wage earners; clerical, professional, managerial, and technical workers; the self-employed; the unemployed; and retirees and others not in the labor force. 

They exclude farm families, military personnel, and 

persons in institutions. 

Prior to 1978, the index estimated prices paid by 

urban wage earners and clerical workers, a group that 

includes about 40 percent of the noninstitutional 

population. The Bureau of Labor Statistics (BLS) has 

continued estimating this index, now called CPI-W. 

The index represents price changes for everything 

purchased by urban consumers—food, clothing, automobiles, homes, house furnishings, household supplies, 

fuel, drugs, and recreational goods; fees to doctors, 

lawyers, and beauty shops; rent; repair costs; transportation fares; and public utility rates. Federal, State, 

and city taxes (sales, excise, real estate, etc.) directly 

associated with the purchase and continued ownership of 

an item are included in the price, but income, personal 

property, and social security taxes are not. Property 

taxes are included in the cost of homeownership and 

are implicitly included in rental cost. Prices are obtained 

by personal visits to stores and service establishments— 

chain and independent retail stores, professional people, 

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and repair and service shops. Rental costs are obtained 

from tenants. 

The quantity and quality of items contained in the 

market basket are held constant except at times of 

weight revisions. Therefore, CPI's reflect only changes 

in prices and none of the other factors that affect family living expenses, such as change in family composition, changes in the kinds and amounts of goods and 

services families buy, or the total amount families spend 

for living. 

In the 1978 revision, a new market basket for the 

indexes was developed, and many improvements in 

pricing and calculation methods were introduced. Since 

1978, prices are obtained from 85 primary sampling 

units (PSU's) with 2,500 inhabitants or more in 1970 

(instead of 56 urban areas as formerly). PSU's include 

central cities, suburbs, and urbanized places within 25 

miles of a selected county or selected groups of contiguous counties. Prices also are collected outside of 

the PSU's to represent out-of-town purchases. A major 

innovation in the 1978 revision consisted of determining, in a scientific way, where people buy. A point-ofpurchase survey (POPS) was conducted to select for 

each index population a representative sample of retail 

stores, mail order houses, bowling alleys, doctors' 

offices, and other places where goods and services 

were bought. (Prior to 1978, data permitting a scientific 

selection of outlets were unavailable.) All features of 

the 1978 revision were incorporated into the index 

beginning with data for January 1978. A continuous 

series was obtained by linking (splicing) the new indexes beginning January 1978 to the series through December 1977 at the national level. 

Prior to January 1978, about 400 items were priced, 

with the basis of sample selection being probability 

proportionate to importance in consumer spending. 

Two subsamples of items were priced in different urban 

areas and in different outlet samples. Thus, all of the 

most important items were priced in all of the 56 areas, 

while those of lesser importance were priced in either 

of the two subsamples. Detailed, rather narrowly defined 

specifications were used to collect prices for items of 

the same quality in successive price periods. In the 

current series, approximately 265 sets of items called 

item-strata, which contain 382 lower-level categories 

calied entry-level items, are priced. These fairly broad 

categories of goods and services are exhaustively defined 

on checklists. The original selection of the specific items 

to be priced in a specific retail store is generally accomplished by a collector using the checklist in systematic 

stages that takes sales information provided by the 

respondent into account in each stage. After the initital 

selection, the same item (or a close substitute) is priced 

from period to period to assure, as far as possible, that 

differences in reported prices are measures of price 

change only. 

In calculating the index, price changes for the various items in each location are combined with weights 

that represent their importance in the spending of their 

respective index population. Individual urban area data 

are then combined into U.S. indexes with weights based 

on estimated 1970 population of all urban consumers 

or of urban wage earners and clerical workers. Almost 

half of the weight is carried by the 23 largest areas and 

about a quarter of the weight is carried by the 5 largest 

areas. 

The quantity weights currently used (beginning 1978) 

represent the average purchases of the urban consumer 

or urban wage earner and clerical worker population 

groups in 1972-73. The basic information for this weight 

calculation was obtained from the 1972-73 Consumer 

Expenditure Survey covering 216 areas, adjusted for 

price change between the survey dates and 1977. Most 

of the expenditure information was obtained in a series 

of quarterly interviews that involved about 20,000 families and covered the calendar years 1972 and 1973. 

Additionally, another sample of about 18,000 families 

kept 2-week diaries to provide expenditure data for 

frequent purchases, such as food and personal care 

items, which are typically difficult to recall over a longer period. The average annual incomes were $11,745 

and $12,453, respectively, for the all urban consumer 

and urban wage earner and clerical worker population 

groups. 

In BCD, these series appear under the category "price 

movements." 

SERIES 320 is the CPI-U for all items. It is not adjusted 

for seasonal variation. 

Series 320c measures the percent change in CPI-U as 

seasonally adjusted by the U.S. Department of Commerce, Bureau of Economic Analysis using seasonal 

factors provided by BLS. Changes are computed at a 

monthly rate over 1-month spans and at an annual 

rate over 6-month spans. 

SERIES 322 is the CPI-U for food items, exclusive of 

alcoholic beverages, whether consumed at home or 

away from home. 

Series 322c measures the percent change in series 

322 at a monthly rate over 1-month spans and at an 

annual rate over 6-month spans. 

PRODUCER PRICES 

Series 330. Producer Price Index, All Commodities 

Series 330c. Percent Change in Producer Price Index, 

All Commodities 

Series 331. Producer Price Index, Crude Materials 

for Further Processing 

Series 331c. Percent Change in Producer Price Index, 

Crude Materials for Further Processing 

Series 332. Producer Price Index, Intermediate Materials, Supplies, and Components 

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Series 332c. Percent Change in Producer Price Index, 

Intermediate Materials, Supplies, and 

Components 

Series 333. Producer Price Index, Capital Equipment 

Series 333c. Percent Change in Producer Price Index, 

Capital Equipment 

Series 334. Producer Price Index, Finished Consumer Goods 

Series 334c. Percent Change in Producer Price Index, 

Finished Consumer Goods 

Series 335. Producer Price Index, Industrial Commodities 

Series 335c. Percent Change in Producer Price Index, 

Industrial Commodities 

Series 98. Percent Change in Producer Prices for 

28 Sensitive Crude and Intermediate Materials 

Source: U.S. Department of Labor, Bureau of Labor 

Statistics; U.S. Department of Commerce, 

Bureau of Economic Analysis 

(Data contained in series 330, 330c, 335, and 335c are 

not seasonally adjusted. Data contained in the remaining series are seasonally adjusted.) 

PRODUCER Price Indexes (1967 = 100) measure average changes in prices received in primary markets in 

the United States (including Alaska and Hawaii) by producers of commodities at all stages of processing. They 

are designed to measure "pure" price changes; i.e., 

price changes not influenced by changes in quality, 

quantity, shipping terms, or product mix. 

The sample used to calculate these indexes contains 

about 2,800 commodities and about 10,000 quotations 

per month, selected to represent the movement of 

prices of all commodities produced in the agriculture, 

forestry, and fishing; mining; manufacturing; and electric, gas, and other public utilities sectors. The universe includes crude, manufactured, and processed 

goods produced in the United States and those imported 

for sale in commercial transactions in primary markets 

in the United States. Civilian goods normally purchased 

by the government and goods that compete with those 

made in the producing sector (such as waste paper and 

scrap materials) also are included. In addition, government sales of some commodities (e.g., electric power) 

are included if they are considered competitive with 

free market sales. Individually priced items (e.g., works of 

art), goods transferred between establishments owned 

by the same company, goods sold at retail by producerowned retail establishments, and military goods are 

excluded. 

Each commodity in the indexes is defined by precise 

specifications that incorporate its principal pricedetermining characteristics. Insofar as possible, prices applicable to the first significant transaction in the 

United States are used. Therefore, transactions for the 

same item at later stages of distribution are not included. 

However, as raw materials are transformed into semifinished or finished goods, the resulting products are 

represented. Most of the quotations are selling prices 

of representative producers, or are prices quoted on 

organized exchanges or markets. Companies are requested to report all discounts, allowances, rebates, 

and free deals. List or book prices are used if transaction prices are unobtainable. Prices are generally f.o.b. 

production or central marketing point to avoid reflection of changes in transportation costs. However, delivered prices are included if quotations on this basis are 

customary in the industry. Subsidies to the producer 

and excise taxes, which are not considered part of the 

price, are excluded; but duties on imported goods are 

included in the selling price. 

Through 1951, the index was based on simple arithmetic averages of the four or five weekly prices for 

each month, and each weekly price was the one that 

prevailed on a specific day of the week. Beginning in 

1952, the prices prevailing on a particular day of the 

month are used most often—usually Tuesday of the 

week containing the 15th of the month through 1966, 

and usually Tuesday of the week containing the 13th of 

the month beginning January 1967. For some commodities (particularly farm products), a day other than Tuesday is selected because it is considered more representative. For some other products (principally fuels), 

an average of prices throughout the month is used, 

resulting in a 1-month lag between the price reference 

month and the index month. 

Calculation of an individual commodity price index 

starts with the average of prices for individual company reporters, with each reporter usually having equal 

weight regardless of differences in company size. The 

price change relative (the ratio of the current month's 

average price to the previous month's average price) is 

then applied to the previous month's index to derive 

the current month's index. To derive indexes for commodity groupings, each commodity price relative is 

first weighted with its own shipment value plus the 

shipment values of related commodities not directly 

priced whose prices are assumed to move similarly. 

The individual weighted commodity price relatives are 

summed to produce a commodity grouping aggregate, 

which is then divided by its corresponding weighted 

value in the index base period. 

Weights are periodically revised when data from new 

industrial censuses become available—weights from 

the 1972 Industrial Census were incorporated in January 1976. The major sources of the value data used to 

compute weights are the U.S. Department of Commerce, 

Bureau of the Census; the U.S. Department of the Interior, Bureau of Mines and Bureau of Fisheries; and the 

U.S. Department of Agriculture. Other sources, such as 

trade associations, are used also. Import data are 

obtained from the Census Bureau. 

The stage-of-processing indexes regroup each item 

priced according to class of buyer and amount of processing, manufacturing, or assembling it undergoes 

before entering the market. The interindustry transaction 

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study for 1972 by the Bureau of Economic Analysis 

(BEA) is currently used for allocations among the stages of processing. 

In BCD, series 330, 330c, 331, 331c, 332, 332c, 333, 

333c, 334, 334c, 335, and 335c appear under the category "price movements." Series 98 appears under 

the economic process "prices, costs, and profits." 

SERIES 330 is the price index for all goods produced or 

imported for sale in primary markets in the United 

States. 

Series 330c measures the percent change in series 

330 at a monthly rate over 1-month spans and at an 

annual rate over 6-month spans. 

SERIES 331 is the price index for materials that are 

entering the economy for the first time and have undergone no processing other than that required to obtain 

them in their original form and prepare them for marketing. Waste materials that can replace raw materials 

and products of farms, mines, fisheries, quarries, and 

well operations are included. Both foodstuffs and nonfood 

materials are included but some crude materials (for 

example, food or coal going directly to the consumer) 

are not. 

Series 331c measures the percent change in series 

331 at a monthly rate over 1-month spans and at an 

annual rate over 6-month spans. 

SERIES 332 is the price index for those partially processed commodities that require further processing 

before they become finished goods. 

Series 332c measures the percent change in series 

332 at a monthly rate over 1-month spans and at an 

annual rate over 6-month spans. 

SERIES 333 is the price index for commodities used in 

industry or commerce to produce or transport other 

commodities. Items such as machine tools, trucks, and 

farm equipment are included. 

Series 333c measures the percent change in series 

333 at a monthly rate over 1-month spans and at an 

annual rate over 6-month spans. 

SERIES 334 is the price index for durable and nondurable finished goods ready for use by final consumers. 

Series 334c measures the percent change in series 

334 at a monthly rate over 1-month spans and at an 

annual rate over 6-month spans. 

SERIES 335 is the price index for industrial commodities. It includes textile products and apparel; hides, 

skins, leather, and related products; fuels and related 

products and power; chemicals and allied products; 

rubber and plastic products; lumber and wood products; pulp, paper, and allied products; metals and metal 

products; machinery and equipment; furniture and 

household durables; nonmetallic mineral products; 

transportation equipment; and miscellaneous industrial 

products. 

Series 335c measures the percent change in series 

335 at a monthly rate over 1-month spans and at an 

annual rate over 6-month spans. 

SERIES 98 measures the month-to-month percent 

change in a producer price index for 28 intermediate 

and crude materials. It is computed by BEA using price 

indexes of the Bureau of Labor Statistics. The index 

includes prices for the following commodities: Cattle 

hides; natural rubber; 6 wastepaper components (No. 

1 news, No. 1 mixed, old corrugated boxes, semi-kraft 

clippings, mixed-kraft clippings, and white news blanks); 

7 iron and steel scrap components (No. 1 heavy melting; No. 2 heavy melting; No. 1 bundles; No. 2 bundles; 

melting, railroad No. 1; stainless bundles; and No. 1 

cupola cast iron); 3 nonferrous metal scrap components (copper base scrap; aluminum base scrap; and 

other nonferrous scrap, n.e.c); 5 fibers components 

(domestic apparel wool, foreign apparel wool, foreign 

carpet wool, raw cotton, and hard fibers); 4 lumber and 

wood components (lumber, millwork, plywood, and other 

wood products); and sand, gravel, and crushed stone. 

The components are seasonally adjusted prior to being 

combined into the 28-commodity index. 

OUTPUT PER HOUR 

Series 370. Index of Output Per Hour, All Persons, 

Business Sector 

Series 370c. Percent Change in Output Per Hour, All 

Persons, Business Sector 

Series 358. Index of Output Per Hour, All Persons, 

Nonfarm Business Sector 

Source: U.S. Department of Labor, Bureau of Labor 

Statistics 

(Data contained in these series are seasonally adjusted.) 

THE index (1977 = 100) of output per hour is a productivity measure based on changes in the ratio of output 

to labor input. Productivity is defined as the constantdollar value of final goods and services produced within 

a certain period in relation to paid hours, including 

hours paid for holidays, vacation, and sick leave. Hours 

of employees, proprietors, and unpaid family workers 

are included. Index changes through time reflect the 

joint effects of many influences, such as changes in 

technology, capital investment, layout and flow of materials, capacity utilization, energy use, managerial skills, 

and skills and efforts of the work force. 

52 The Handbook of Cyclical Indicators 

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Real gross domestic product, compiled by the U.S. 

Department of Commerce, Bureau of Economic Analysis (BEA), is used as the output measure. It is the market value, in 1972 dollars, of the goods and. services 

produced by labor and property located in the United 

States. Labor input data are based primarily on the 

hours and employment series compiled by the Bureau 

of Labor Statistics from monthly reports submitted by 

nonagricultural establishments to State employment 

security agencies. Estimates are computed separately 

for each industry and are then aggregated. (For a more 

detailed description of these series, see the Employment, Hours, and Earnings section in this Handbook.) 

For proprietors, unpaid family workers, and persons 

engaged in the farm sector, where establishment data 

are not available, data from the national income and 

product accounts compiled by BEA, or data from the 

current population survey (CPS) compiled by the U.S. 

Department of Commerce, Bureau of the Census are 

used to develop hours and employment estimates. 

Weekly hours data from the CPS are adjusted to eliminate distortions due to holidays. 

In BCD, series 370, 370c, and 358 appear under the 

category "wages and productivity." 

SERIES 370 is an index (1977=100) that is a productivity 

measure for the business sector. The business sector 

includes agriculture, forestry, and fisheries; mining; 

construction; manufacturing; transportation and public utilities; wholesale and retail trade; finance, insurance, and real estate; services; and government enterprises. It excludes government, private households, 

gross housing product of owner-occupied dwellings, 

nonprofit institutions, and rest of the world. 

Series 370c measures the percent change in series 

370 over 1- and 4-quarter spans. 

SERIES 358 is an index (1977 = 100) that is a productivity measure of the nonfarm business sector. In addition to the exclusions listed under series 370, series 

358 excludes farms. 

WAGE AND BENEFIT DECISIONS 

Series 348. Negotiated Wage and Benefit Decisions, 

Average First-Year Changes 

Series 349. Negotiated Wage and Benefit Decisions, 

Average Changes Over Life of Contract 

Source: U.S. Department of Labor, Bureau of Labor 

Statistics 

(Data contained in these series are not seasonally 

adjusted.) 

THESE series measure wage and benefit changes, in 

private nonfarm industries, resulting from collective 

bargaining settlements affecting 5,000 or more workers. The series cover production and related workers 

in manufacturing and nonsupervisory workers in nonmanufacturing industries. All settlements—including 

those increasing, decreasing, or making no change in 

pay—are covered. Compensation changes are expressed 

as a percent of total compensation, including legally 

required employer contributions for social insurance. 

The average change in compensation is derived by computing the average change for all workers affected by 

each decision reached during the quarter, and by then 

combining these averages using number of workers as 

weights. 

In BCD, series 348 and 349 appear under the category "wages and productivity." 

SERIES 348 measures changes in wages and benefits 

that go into effect within the first 12 months after the 

effective date of the agreement. 

SERIES 349 measures the total changes in wages and 

benefits over the life of the agreement expressed as an 

average annual rate of change. 

GOVERNMENT RECEIPTS AND 

EXPENDITURES, NATIONAL INCOME 

AND PRODUCT ACCOUNTS 

Series 501. Federal Government Receipts 

Series 511. State and Local Government Receipts 

Series 502. Federal Government Expenditures 

Series 512. State and Local Government Expenditures 

Series 500. Federal Government Surplus or Deficit 

Series 510. State and Local Government Surplus or 

Deficit 

Source: U.S. Department of Commerce, Bureau of 

Economic Analysis 

(Data contained in these series are seasonally adjusted.) 

THESE series represent government transactions as 

recorded in the national income and product accounts 

(NIPA's). The Federal, State, and local government 

sectors are recorded in a manner consistent with the 

conceptual treatment of the other sectors in the NIPA's. 

The government sector records receipts from business on an accrual basis and receipts from individuals 

on a payments basis. Purchases of goods and services 

are recorded'largely on a delivery basis; transfer 

payments and grants-in-aid to State and local governments are recorded on a cash basis; and net interest paid and subsidies less the current surplus of government enterprises are recorded on an accrual basis. 

SERIES 501 measures Federal Government receipts; 

series 511 measures State and local government 

receipts. 

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"Government receipts" consists of personal tax and 

nontax receipts, corporate profits tax accruals, indirect business tax and nontax accruals, and contributions for social insurance. State and local government 

receipts also include Federal grants-in-aid. 

"Personal tax and nontax receipts'1 consists of tax 

payments (net of refunds) by persons (except personal 

contributions for social insurance) that are not chargeable to business expense, and of certain other personal 

payments to government agencies (except government 

enterprises) that it is convenient to treat like taxes. 

Personal taxes include income, estate and gift, and 

personal property taxes. Nontaxes include passport 

fees, fines and penalties, donations, and tuitions and 

fees paid to schools and hospitals operated mainly by 

government. Nontaxes generally exclude purchases by 

persons from government of goods and services that 

are similar to goods and services purchased by persons 

from business. 

"Corporate profits tax accruals" consists of Federal, 

State, and local taxes on corporate income. Earnings 

of the Board of Governors of the Federal Reserve System paid to the U.S. Treasury also are included. 

"Indirect business tax and nontax accruals" consists 

of tax liabilities (except employer contributions for social 

insurance) that are chargeable to business expense in 

the calculation of profit-type incomes, and of certain 

other business liabilities to government agencies (except 

government enterprises) that it is convenient to treat 

like taxes. Indirect business taxes include customs duties, 

sales taxes, excise taxes (such as liquor, tobacco, and 

gasoline), property taxes, and the windfall profit tax on 

crude oil production. Nontaxes include regulatory and 

inspection fees, special assessments, fines and penalties, 

rents and royalties, and donations. Nontaxes generally 

exclude business purchases from government of goods 

and services that are similar to business purchases of 

intermediate products from other businesses. Government receipts from the sale of such products are 

netted against government purchases so that they do 

not appear in gross national product and other measures of production. 

"Contributions for social insurance" includes payments by employers, employees, self-employed persons, 

and other individuals who participate in the following 

programs: Federal old-age, survivors, disability, and 

hospital insurance; supplementary medical insurance; 

State unemployment insurance; railroad retirement 

and unemployment insurance; government retirement; 

publicly administered workers' compensation; and veterans life insurance. 

In BCD, series 501 and 511 appear under the category "receipts and expenditures." 

SERIES 502 measures Federal Government expenditures; series 512 measures State and local government 

expenditures. 

"Government expenditures" consists of purchases 

of goods and services, transfer payments, net interest 

paid, and subsidies less current surplus of government 

enterprises, less dividends received by government 

and wage accruals less disbursements. In addition, Federal expenditures include grants-in-aid to State and 

local governments. 

"Purchases of goods and services" is the compensation of government employees and government purchases from business and from abroad. It excludes 

transfer payments, interest paid by government, and 

subsidies. It includes gross investment by government 

enterprises, but excludes their current outlays. It also 

includes net purchases of used goods, but excludes 

sales and purchases of land and financial assets. 

"Transfer payments" includes payments to persons 

and foreigners. "Transfer payments to persons" is income payments to persons, generally in monetary form, 

for which they do not render current services. It includes payments under the following programs: Federal 

old-age, survivors, disability, and hospital insurance; 

supplementary medical insurance; State unemployment 

insurance; railroad retirement and unemployment insurance; government retirement; workers' compensation; veterans benefits, including veterans life insurance; 

food stamps; black lung benefits; supplemental security 

income; and direct relief. Government payments to 

nonprofit institutions, other than for work under research and development contracts, are included also. 

"Transfer payments to foreigners" is U.S. Government 

nonmilitary grants to foreign governments in cash and 

in kind and U.S. Government transfer payments, mainly 

retirement benefits, to former residents of the United 

States. 

"Net interest paid" is interest paid by government to 

persons, business, and foreigners less interest received 

by government. Interest paid to foreigners is interest 

paid to foreign business, governments, and persons. 

"Subsidies" is the monetary grants paid by government to business, including government enterprises at 

another level of government. 

"Dividends received by government" consists of dividends received by State and local government social 

insurance funds. 

"Wage accruals less disbursements" consists of monetary remuneration earned less monetary remuneration 

paid. 

"The current surplus of government enterprises" is 

their sales receipts less their current outlays. In the 

calculation of their current surplus, no deduction is 

made for depreciation charges or for net interest paid. 

Subsidies and current surplus often are combined 

because deficits incurred by government enterprises 

may result from selling goods to business at lower than 

market price in lieu of subsidies. This is also the major 

reason for not counting the current surplus of government enterprises as a profit-type income and, accordingly, as a part of factor charges. 

54 The Handbook of Cyclical Indicators 

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"Grants-in-aid to State and local governments" consists of Federal payments to these governments, other 

than for net interest payments. Major grants-in-aid 

are for public assistance, highways, education, general 

revenue sharing, and environmental protection. Also 

included are payments to public educational institutions for research and development contracts. 

In BCD, series 502 and 512 appear under the category "receipts and expenditures." 

SERIES 500 measures Federal Government surplus or 

deficit; series 510 measures State and local government surplus or deficit. 

"Surplus or deficit" is the sum of government receipts 

less the sum of government expenditures. It also may 

be viewed as the net acquisition of financial assets by 

government and government enterprises, and net government purchases of land and of rights to governmentowned land including oil resources. 

In BCD, series 500 and 510 appear under the category "receipts and expenditures." 

DEFENSE DEPARTMENT OBLIGATIONS 

Series 517. Defense Department Gross Obligations 

Incurred 

Series 543. Defense Department Gross Unpaid Obligations Outstanding 

Source: U.S. Department of Defense, Office of the 

Assistant Secretary of Defense (Comptroller), 

Directorate for Program and Financial Control 

(Data contained in these series are seasonally adjusted by the U.S. Department of Commerce, Bureau of 

Economic Analysis; series 517 is adjusted also for holiday and working day differences.) 

OBLIGATIONS of the U.S. Department of Defense (DOD) 

cover the following appropriations accounts: Military 

personnel; operations and maintenance; procurement; 

research, development, test, and evaluation; military 

construction; and family housing. 

In BCD, series 517 and 543 appear under the category "defense indicators." 

SERIES 517 measures the amounts of obligations recorded from source documents in official accounting records 

of military departments and defense agencies, such as 

signed contracts or any other instrument that legally 

binds the Government to payment of funds. Coverage 

extends only to general fund accounts; obligations 

incurred in revolving funds are excluded. Obligations 

resulting from the placement of an order for materials 

or services by one Government agency at the request 

of another are counted twice—when the request is 

made and when the order is placed with a private supplier. This duplication averages about 9 percent of total 

obligations. Therefore, this series is not comparable to 

DOD outlays (series 580), which are net of payments to 

one Government unit by another. 

SERIES 543 measures obligations incurred by DOD for 

which it has not expended funds. Coverage extends 

only to general fund accounts; obligations in revolving 

funds are excluded. Unpaid obligations for military assistance and reservation of funds are excluded prior to 

July 1963 and subsequent to September 1979. From 

July 1963 to June 1966, only unpaid obligations for 

military assistance are included; from July 1966 to 

September 1979, both unpaid obligations and reservations of funds are included. 

DEFENSE DEPARTMENT PRIME 

CONTRACT AWARDS 

Series 525. Defense Department Prime Contract 

Awards for Work Performed in the United 

States 

Source: U.S. Department of Defense, Office of the 

Assistant Secretary of Defense (Comptroller), 

Washington Headquarters Services, Directorate for Information Operations and Reports 

(Data contained in this series are seasonally adjusted 

by the U.S. Department of Commerce, Bureau of Economic Analysis.) 

SERIES 525 measures contract awards (legally binding 

instruments) executed by the U.S. Department of 

Defense (DOD) or its component military departments 

and defense agencies for research and development or 

construction, or to obtain equipment, supplies, or services. New instruments, modifications in excess of 

$10,000, and cancellation of instruments are included. 

Prior to October 1981, awards paid from post exchange 

or similar nonappropriated funds and contracts for civil 

functions (such as flood control or river and harbor 

work performed by the U.S. Army Corps of Engineers) 

are not included. Beginning with October 1981, the 

awards include military and civil functions. Project orders 

issued to plants and shipyards owned and operated by 

the Government are not included, but contracts executed by such establishments are. 

The series includes awards made by DOD components on behalf of other Federal agencies (e.g., National 

Aeronautics and Space Administration) and on behalf 

of foreign governments under both military assistance 

grant-aid and sales arrangements. It also includes orders 

written by DOD components requesting a Federal agency 

to furnish supplies or services. 

In BCD, series 525 appears under the category 

"defense indicators." 

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DEFENSE DEPARTMENT PERSONNEL 

Series 577. Defense Department Military Personnel 

on Active Duty 

Series 578. Defense Department Civilian Personnel, 

Direct Hire Employment 

Source: U.S. Department of Defense, Office of the 

Assistant Secretary of Defense (Comptroller), 

Washington Headquarters Services, Directorate for Information Operations and Reports 

(Data contained in these series are not seasonally 

adjusted.) 

SERIES 577 measures the number of persons on continuous or extended active duty. It excludes reserves 

on temporary active duty for reserve training. 

In BCD, series 577 appears under the category 

"defense indicators." 

SERIES 578 measures the number of persons who occupy 

positions in the Defense Department in a civilian capacity 

on the last day of the calendar month and who are paid 

for personal services rendered, regardless of the nature 

of appointment or method of payment. The series 

includes persons who are direct-hire, full-time or parttime, and either permanent, temporary, or intermittent employees. 

In BCD, series 578 appears under the category 

"defense indicators." 

DEFENSE DEPARTMENT OUTLAYS 

Series 580. Defense Department Net Outlays, Military Functions and Military Assistance 

Source: U.S. Department of Defense, Office of the 

Assistant Secretary of Defense (Comptroller), 

Directorate for Program and Financial Control 

(Data contained in this series are adjusted for holiday 

and warking day differences and for seasonal variations by the U.S. Department of Commerce, Bureau of 

Economic Analysis.) 

SERIES 580 measures gross payments less collections, 

including revolving funds and military assistance, by 

military departments and defense agencies. Payments 

represent checks issued and exclude payments by one 

agency or unit to another. Expenditures during any 

fiscal year may be payments of obligations incurred in 

prior years or in the same year. 

Beginning January 1968, the data include military 

trust funds, exclude family housing debt repayments, 

and are reduced by proprietary receipts, which arise 

from activities of the U.S. Department of Defense that 

are of a business enterprise nature. 

The net outlays cover appropriations accounts for 

military personnel; operations and maintenance; procurement; research, development, test, and evaluation; 

military construction; and family housing. 

In BCD, series 580 appears under the category 

"defense indicators." 

FOREIGN TRADE 

Series 602. Exports, Excluding Military Aid Shipments 

Series 604. Exports of Domestic Agricultural Products 

Series 606. Exports of Nonelectrical Machinery 

Series 612. General Imports 

Series 614. imports of Petroleum and Petroleum 

Products 

Series 616. Imports of Automobiles and Parts 

Source: U.S. Department of Commerce, Bureau of 

the Census 

(Data contained in these series are adjusted for holiday and working day differences and for seasonal variations. Series 602 and 612 are adjusted by the Bureau 

of the Census. Series 604, 606, 614, and 616 are adjusted 

by the U.S. Department of Commerce, Bureau of Economic Analysis.) 

THESE series measure the dollar value of domestic and 

foreign merchandise shipped between the U.S. Customs area and foreign countries, without regard to 

method of financing or whether exportation takes place in 

connection with a commercial transaction. The U.S. 

Customs area includes the 50 States, the District of 

Columbia, Puerto Rico and, beginning in 1974, the Virgin Islands. 

Domestic merchandise exports include commodities 

that are grown, produced, or manufactured in the United 

States, and foreign merchandise imported into the United States and subsequently exported after undergoing 

some change in form or enhancement in value as a 

result of further manufacture in the United States. 

Foreign merchandise exports include merchandise 

imported into the United States and subsequently 

exported in the same condition as when imported. 

The value reported in the export statistics generally 

is equivalent to the free alongside ship (f.a.s.) value at 

the U.S. port of exportation. It is based on the transaction price, including inland freight, insurance, and other 

charges, incurred in placing the merchandise alongside the carrier at the U.S. port of exportation. 

U.S. exports exclude U.S. Department of Defense 

shipments designated for use by the U.S. Armed Forces; shipments to U.S. diplomatic missions abroad for 

their own use; shipments between the United States 

and Puerto Rico, between the United States and its 

possessions, or between these possessions; exports 

from U.S. possessions to foreign countries; intransit 

shipments through the United States (documented with 

Customs) that are going from one foreign country to 

another; bunker fuel, supplies, and equipment for vessels and planes engaged in foreign trade; and some 

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types of relatively small shipments, such as personal 

and household effects of U.S. travelers and goods for 

the personal use of U.S. Government employees abroad. 

Beginning January 1978, exports of nonmonetary gold 

in the form of ore, scrap, and base bullion and nonmonetary refined bullion are included. 

General imports include merchandise released from 

Customs custody immediately upon arrival, and merchandise entered into bonded storage warehouses, 

bonded manufacturing warehouses, and bonded smelting 

and refining warehouses immediately upon arrival. 

Through December 1973, imports were valued as 

appraised by the U.S. Customs Service in accordance 

with the legal requirements of Sections 402 and 402A 

of the Tariff Act of 1930, as amended. The appraisal 

might be based on the foreign market value, export 

value, constructed value, or American selling price. It 

generally represented a value in the foreign country, 

and therefore excluded U.S. import duties, freight, insurance, and other charges incurred in bringing the merchandise to the United States. This valuation was primarily used for collection of import duties and frequently 

did not reflect the actual transaction value. Effective 

January 1974, imports are valued at the Customs value 

that represents the price actually paid or payable for 

merchandise when sold for exportation to the United 

States. The value is based on the purchase price, and 

generally includes all charges incurred in placing the 

merchandise alongside the carrier at the port of exportation in the country of exportation. 

Prior to 1978, the date of entry (DOE)—the date the 

Customs officials accepted the import entry documents—was used to determine the month in which the 

imports were included in the statistics. Effective January 1978, the date of importation (DOI)—the date the 

merchandise actually entered the country—reported 

on the import entry documents is used to determine 

the month in which the imports are included in the 

statistics. 

U.S. imports exclude American goods returned by 

the U.S. Armed Forces; shipments into U.S. possessions; 

shipments between the United States and Puerto Rico, 

between the United States and its possessions, or 

between these possessions; imports of U.S. possessions; 

intransit shipments from one foreign country to another 

through the United States when documented with Customs; temporary shipments; and relatively small shipments, such as personal and household effects of travelers, low-valued nondutiable imports by mail, and issued 

monetary coins of all component metals. Beginning 

January 1978, imports of nonmonetary gold in the form of 

ore, scrap, and base bullion and nonmonetary refined 

bullion are included. 

Data are compiled primarily from copies of Shippers' 

Export Declaration, and import entry and warehouse 

withdrawal forms filed with U.S. Customs officials. 

In BCD, these series appear under the category "merchandise trade." 

SERIES 602 measures the value of U.S. exports, as 

defined above. Shipments for economic assistance under 

the Foreign Assistance Act and shipments under P.L. 

480 (The Agricultural Trade Development and Assistance Act of 1954, as amended) and related laws are 

included; U.S. Department of Defense Military Assistance Program Grant-Aid shipments are excluded. 

SERIES 604 measures the value of U.S. exports of 

domestic agricultural products—crops, livestock, and 

livestock products. 

SERIES 606 measures the value of U.S. exports of nonelectrical machinery. It includes steam engines and 

turbines; internal combustion engines; construction, 

mining, and material-handling equipment; office machinery and computers; service industry machinery; 

farm machinery and equipment; metalworking machinery; and miscellaneous nonelectrical equipment. 

SERIES 612 measures the value of U.S. imports as 

defined above. 

SERIES 614 measures the value of petroleum and 

petroleum products imported into the United States. 

SERIES 616 measures the value of automobiles and 

parts imported into the United States. 

INTERNATIONAL TRANSACTIONS 

Series 668. Exports of Goods and Services, Excluding 

Transfers Under U.S. Military Grants 

Series 669. Imports of Goods and Services 

Series 667. Balance on Goods and Services 

Series 618. Merchandise Exports, Adjusted, Excluding 

Military 

Series 620. Merchandise Imports, Adjusted, Excluding 

Military 

Series 622. Balance on Merchandise Trade 

Series 651. Income on U.S. Investment Abroad 

Series 652. Income on Foreign Investment in the United 

States 

Source: U.S. Department of Commerce, Bureau of 

Economic Analysis 

(Data contained in these series are seasonally adjusted.) 

DATA for these series are major components from the 

international transactions accounts of the United States 

prepared by the Bureau of Economic Analysis (BEA). 

These accounts summarize economic transactions beBCD1984 57 

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tween residents of the United States and the rest of 

the world. Exports of goods and services include merchandise exports, military sales of goods and services, 

income received on U.S. investment abroad, and exports 

of other services. Imports include merchandise imports, 

military expenditures for goods and services, income 

paid on foreign investment in the United States, and 

imports of other services. 

Merchandise exports and imports are based on official 

U.S. foreign trade statistics compiled by the U.S. 

Department of Commerce, Bureau of the Census after 

adjustments by BEA for valuation, coverage, and timing. The major adjustments to exports are the deduction of sales by U.S. defense agencies, the addition of 

shipments to Canada that were undercounted in U.S. 

export documents, and the addition of nonmonetary 

gold. The major adjustments to imports are the deduction of imports of U.S. defense agencies, the addition 

of inland freight to imports from Canada, and the addition of nonmonetary gold and of electricity. Exports 

and imports of U.S. defense agencies are included in 

"other" exports and imports. The addition of Virgin 

Islands foreign trade to U.S. exports and imports was 

an adjustment made by BEA until 1980. Beginning with 

1981, the Census Bureau data on U.S. exports and 

imports include foreign trade of the Virgin Islands. 

The investment income portion of exports includes 

dividends, interest, and branch profits received by U.S. 

companies from their foreign affiliates; the U.S. share 

of reinvested earnings of foreign affiliates; dividends 

and interest on foreign securities held by U.S. residents; interest on bank and nonbank claims; and income 

received by the U.S. Government on its loans abroad. 

Foreign taxes are excluded. 

The investment income portion of imports includes 

dividends, interest, and branch profits paid on foreign 

direct investments in the United States; the foreign 

share of reinvested earnings of U.S. affiliates; and interest 

and dividends on U.S. private and Government securities, bank and nonbank liabilities, and other assets held 

in the United States by foreigners. U.S. withholding 

taxes are not included. 

Other exports of goods and services consist of cash 

and credit sales to foreigners by U.S. defense agencies 

through the foreign military sales program and receipts 

for transportation services, travel by foreign visitors to 

the United States, royalties and fees, and miscellaneous 

services rendered by private and U.S. Government nonmilitary agencies. 

Other imports of goods and services consist of 

expenditures abroad by U.S. defense agencies (including imports into the United States) and by other U.S. 

Government agencies and payments for transportation 

services, travel, royalties and fees, and miscellaneous 

private services. 

The export and import series in the national income 

and product accounts (series 250, 252, and 253) are 

derived by adjusting the series in the international 

accounts to national income and product accounts concepts. (For a description of adjustments, see the Exports 

and Imports of Goods and Services section in this 

Handbook.) 

In BCD, these series appear under the category 

"goods and services movements." 

SERIES 668 measures the value of exports, as defined 

above. 

SERIES 669 measures the value of imports, as defined 

above. 

SERIES 667 measures the value of U.S. net exports. 

Net exports is equal to the difference between exports 

(series 668) and imports (series 669). 

SERIES 618 measures the nonmilitary merchandise 

portion of U.S. exports of goods and services. 

SERIES 620 measures the nonmilitary merchandise 

portion of U.S. imports of goods and services. 

SERIES 622 measures the value of U.S. net nonmilitary 

merchandise exports. It is computed by subtracting 

merchandise imports (series 620) from merchandise 

exports (series 618). 

SERIES 651 measures the investment income portion 

of U.S. exports. 

SERIES 652 measures the investment income portion 

of U.S. imports. 

INDUSTRIAL PRODUCTIONINTERNATIONAL 

Series 47. United States 

Source: Board of Governors of the Federal Reserve 

System 

Series 721. Organization for Economic Cooperation 

and Development (OECD), European Countries 

Source: Organization for Economic Cooperation and 

Development (Paris) 

Series 722. United Kingdom 

Source: Central Statistical Office (London) 

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Series 723. Canada 

Source: Statistics Canada (Ottawa) 

Series 725. West Germany 

Source: Statistiches Bundesamt (Wiesbaden) 

Series 726. France 

Source: Institut National de la Statistique et des Etudes 

Economiques (Paris) 

Series 727. Italy 

Source: Istituto Centrale di Statistica (Rome) 

Series 728. Japan 

Source: Ministry of International Trade and Industry 

(Tokyo) 

(Data contained in these series are seasonally adjusted.) 

INDEXES of industrial production measure changes in 

value added by industrial activity expressed in constant 

prices. With few exceptions, the indexes are calculated 

according to the Laspeyres formula, which uses a weighted arithmetic average and a fixed base period. However, moving base periods are employed in some countries. 

The weights used to compute the index generally are 

proportionate to the industry's value added at factor 

cost and are determined from industrial census data 

for each nation. These values are obtained by deducting the cost of the consumption of raw materials, fuels, 

containers, subcontracted work, and other industrial 

services from the value of gross output. 

To facilitate comparison, industrial production indexes 

shown in BCD are converted to a 1967 = 100 base by 

the U.S. Department of Commerce, Bureau of Economic 

Analysis, but the indexes retain the original base weights. 

Series that are not seasonally adjusted by the national 

statistical agency are adjusted by the Organization for 

Economic Cooperation and Development (OECD). 

In BCD, these series appear under the international 

comparison category "industrial production/' 

SERIES 47 (United States) is described in the Industrial 

Production section of this Handbook. 

SERIES 721 (OECD, Europe) combines industrial production indexes computed by national statistical agencies 

to form a total output measure for the majority of 

European countries that are members of the OECD. 

Austria, Belgium, Luxembourg, Finland, France, West 

Germany, Greece, Ireland, Italy, The Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, and the 

United Kingdom are included. 

The index for each country is converted to a 1975=100 

base. The weight for each nation's index is determined 

by the country's share in OECD total gross domestic 

product of industrial origin. 

SERIES 722 (United Kingdom) covers mining, manufacturing (excluding slaughtering, fish curing, and 

packaging by wholesalers; milk bottling without processing; custom tailoring and dressmaking; automobile, musical instrument, jewelry, and other repair work), 

electricity, gas, and water. 

Virtually all of the 183 components measure physical 

quantities produced or delivered, or constant-dollar 

value of sales or deliveries. 

The index is calculated as a base-weighted arithmetic average (1975=100). The components are linked 

at 1975 to indexes with 1970=100; earlier data are 

derived from indexes with 1968-70=100, 1963=100, 

1958=100, 1954=100, and 1948=100. 

Monthly link relatives derived from sample data are 

used to compute the component indexes. The indexes 

are combined first into detailed industrial activity groups 

and then into broader industrial classes and total industrial activity. The components are adjusted for working 

day differences and for seasonal variations. 

At each stage of the calculation, weights are proportionate to the component's contribution to gross domestic product at factor cost in 1975. Weights have been 

estimated from value-added data by industry from the 

1975 Census of Production and have been adjusted, as 

far as possible, to exclude the cost of services purchased from other industries. 

SERIES 723 (Canada) covers mining; manufacturing; 

and electric power, gas, and water utilities. The industries surveyed accounted for about 30 percent of gross 

domestic product at factor cost in 1971. 

Quantity of gross output of individual products, 

employee hours worked, quantity of individual raw materials consumed, or value of gross production of individual commodities adjusted for price changes (compiled 

mainly from the results of official inquiries) are used to 

compute the components. Annual indexes, based on 

more complete information, are calculated separately 

and the monthly indexes then are adjusted to the level 

of the respective annual index, when it becomes 

available. 

The index is calculated as a base-weighted arithmetic average (1971 = 100). The components are linked 

at 1971 to indexes with 1961 = 100 and at 1961 to 

indexes with 1949=100. Earlier indexes are based on 

1935=100 and 1926 = 100. 

Monthly relatives derived from the indicators of output 

are used to compute industry indexes. The industry 

indexes are combined into industry groups and these, 

in turn, into broader classes of industrial activity, using 

weights derived from gross domestic product at factor 

cost in 1971. The indexes are adjusted for working day 

differences and for seasonal variations. 

SERIES 725 (West Germany) covers mining, manufacturing, construction, electricity, and gas. The sample 

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accounted for 77 percent of industrial value added in 

1970. 

Quantity of output, deflated value of output, deflated 

value of sales, raw materials consumed, or employee 

hours worked adjusted for productivity are used to 

compute the components. 

The index is calculated as a base-weighted arithmetic average (1970=100). The components are linked 

at 1970 to indexes with 1962 = 100 and at 1962 to 

indexes with 1958=100. Earlier indexes are based on 

1950=100. 

Industry indexes are computed using monthly relatives of the indicators of output. They are combined 

into industry groups. The groups are adjusted for working 

day differences, and then combined into division indexes 

and into the index for total industrial activity. Value 

added at 1970 market prices are used as weights. The 

indexes are seasonally adjusted by the OECD up to 

1962 and from that date, by Die Deutsche Bundesbank. 

SERIES 726 (France) includes mining, manufacturing 

(excluding food and beverages, clothing, wood and wood 

products, nonelectrical machinery, aircraft, and certain other miscellaneous manufactures), electricity, 

and gas. 

Data for 265 individual commodities (covering approximately 63 percent of all industrial production) are 

used to estimate the components. Preliminary indexes 

for the most recent month are based on about 80 percent 

of the component series and are revised when, more 

complete data become available. 

In most cases, the data collected relate to quantity 

produced. However, when the quantity produced cannot be measured directly, value of production adjusted 

for price changes, consumption of raw materials or 

metals, or hours worked are used. 

The index is calculated as a base-weighted arithmetic average (1970=100). The components are linked 

at 1970 to indexes with 1962=100, and at 1962 to 

indexes with 1959=100. Earlier indexes are based on 

1938=100. 

Link relatives of commodity output indicators are 

combined into indexes for detailed categories of industrial activity and, through successive stages of combination, into indexes for branches of industrial activity, 

major industrial divisions, and total industrial activity. 

Weights are based primarily on value added in 1970. 

The indexes are adjusted for working day differences 

and for seasonal variations. 

SERIES 727 (Italy) covers mining, manufacturing (except 

photographic equipment, magnetic tapes, and disks), 

electricity, and gas. The industrial divisions represented in the index accounted for 93 percent of industrial 

value added in 1970. 

The component indexes are based on quantity of 

output, quantity of materials used, employee hours 

adjusted for productivity, or deflated value of output. 

The index is calculated as a base-weighted arithmetic average (1970=100). The components are linked 

at 1970 to indexes with 1966=100, and at 1966 to 

indexes with 1953=100. Considerable differences in 

coverage exist among the indexes for these three 

periods. Earlier indexes are based on 1948=100. 

Series of product output indicator relatives are combined into indexes for detailed industrial activity categories. These, in turn, are combined into indexes for 

subgroups, groups, and broader classes of industrial 

activity and into the general index. The index of total 

industrial production is adjusted for working day differences and for seasonal variations. 

The weights used to combine the indicators into indexes for each subgroup are based on gross value of production, after eliminating duplications that occur in 

the combining of products. The weights for combining 

subgroups into major groups and the total are derived 

from value added at factor cost in 1970. 

SERIES 728 (Japan) covers mining, manufacturing 

(excluding printing and publishing), electricity, and gas. 

Data for 459 individual commodities are used in the 

computations. Production data for 417 of these are 

compiled by the Ministry of International Trade and 

Industry; the other data are gathered chiefly from trade 

associations and other government agencies. 

The index is calculated as a base-weighted arithmetic average (1975=100). The components are linked 

at 1975 to indexes with 1970=100; at January 1968 to 

indexes with 1965=100; and at January 1963 to indexes 

with 1960=100. Earlier indexes are available on other 

bases. 

Series of relatives based on quantity of individual 

commodities produced are combined into indexes for 

major groups; the major group indexes are combined 

into division indexes; and these, into an index for total 

industrial activity. The indexes are seasonally adjusted. 

The weights used to combine the indicators into indexes for each industry group are based on quantity produced in the base years multiplied by unit selling price, 

f.o.b. factory. Indexes of industry groups are combined 

into division and total indexes using weights based on 

value added at factor cost in the base year. 

CONSUMER PRICES—INTERNATIONAL 

Series 320. United States, Index 

Series 320c. United States, Percent Change 

Source: U.S. Department of Labor, Bureau of Labor 

Statistics 

Series 732. United Kingdom, Index 

Series 732c. United Kingdom, Percent Change 

Source: Department of Employment (London) 

Series 733. Canada, Index 

Series 733c. Canada, Percent Change 

Source: Statistics Canada (Ottawa) 

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Series 735. West Germany, Index 

Series 735c. West Germany, Percent Change 

Source: Statistisches Bundesamt (Wiesbaden) 

Series 736. France, Index 

Series 736c. France, Percent Change 

Source: Institut National de la Statistique et des Etudes 

Economiques (Paris) 

Series 737. Italy, Index 

Series 737c. Italy, Percent Change 

Source: Istituto Centrale di Statistica (Rome) 

Series 738. Japan, Index 

Series 738c. Japan, Percent Change 

Source: Bureau of Statistics, Office of the Prime Minister (Tokyo) 

(Most items contained in the indexes are not seasonally adjusted; however, prices of selected items with 

pronounced seasonal patterns—such as fresh produce—are seasonally adjusted by some countries before 

inclusion in the total index. Percent changes are computed after the indexes have been seasonally adjusted 

by the U.S. Department of Commerce, Bureau of Economic Analysis.) 

CONSUMER price indexes measure changes in the cost 

of selected goods and services that are considered 

representative of the consumption patterns of the 

particular country. The price indexes of the components are weighted to take account of the importance 

of each item in the expenditures of the population 

covered in the index. The weights usually are determined from family expenditure surveys taken in selected 

years. Where surveys are not conducted, consumption 

expenditures from the national income and product 

accounts are used to estimate the weights. Retail prices of goods and cost of services generally are collected 

at regular intervals from retail and service outlets located 

in areas covered by the index. The base year and method 

of computation vary among countries. To facilitate comparison, the indexes shown in BCD have been converted to a 1967 = 100 base by the U.S. Department of 

Commerce, International Trade Administration. 

The percent change series measure the seasonally 

adjusted percent change in consumer prices over 

6-month spans at an annual rate centered on the fourth 

month. 

In BCD, these series appear under the international 

comparison category "consumer prices." 

SERIES 320 and 320c (United States) are described in 

the Consumer Prices section of this Handbook. 

SERIES 732 (United Kingdom) is known as the General 

Index of Retail Prices (January 1974=100). It is a 

Laspeyres chain index with annual links and weights 

that change at the beginning of each calendar year. 

The index for each month is first computed as a weighted 

average of separate indexes for item groups with prices in the previous January as 100. The resulting indexes are then linked back through each preceding year to 

January 1974. 

The weights are based on the results of continuing 

family expenditure surveys for the 12 months ending 

the previous June, revalued to prices at the date of 

revision. The survey originally covered 3,500 households (1957) and was expanded to about 7,000 households in 1967. The index represents prices paid by 

practically all wage earners and most salary earners. 

Households of pensioners living on low incomes and 

those of the 3 or 4 percent with the highest reported 

weekly income for the head of the household are 

excluded. 

The items included in the index are: Food, including 

meals taken outside the home; alcoholic beverages; 

tobacco; housing (measured by rent, owner-occupied 

mortgage interest payments, insurance of dwelling, 

repairs and maintenance, and taxes and water charges); fuel and light; clothing; durable household goods; 

transport and vehicles; miscellaneous goods; and 

services. 

The frequency, method, source, and scope of price 

collection vary with the particular item. Prices for most 

items are collected monthly by agents from retailers 

and services outlets in 200 localities. Some price data 

are collected by mail from businesses in subsamples of 

the 200 localities. Prices for alcoholic beverages are 

collected quarterly or more frequently when prices are 

known to have changed for specific reasons (e.g., tax 

change). Prices of fuel and light are obtained when 

changes occur. Rent information for about 4 million 

local authority dwellings is obtained half-yearly and 

updated when changes occur; a sample of about 3,000 

privately owned rented dwellings is divided into six 

subsamples, and one subsample is visited for rent information each month. Owner occupiers' mortgage interest 

payments are based on current mortgage interest rates 

and house price series updated quarterly from a 5-

percent sample of building society mortgages. 

Series 732c measures the seasonally adjusted percent 

change in series 732 over 6-month spans. 

SERIES 733 (Canada) is known as the Consumer Price 

Index (1971 = 100). It is computed as a weighted 

arithmetic average with fixed base. From January 1961 to 

April 1973, the weights correspond to 1957 family expenditure patterns; beginning May 1973, they correspond 

to 1967 family expenditure patterns; and beginning 

October 1978, to 1974 family expenditure patterns. 

The 1974 weights are derived from a family expenditure survey of 7,633 households conducted during that 

year, but weights for the food group subitems are derived 

from a 1969 food expenditure survey. The index represents families of two to six persons living in 59 cities of 

over 30,000 population. 

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The items included in the index are: Food; housing 

(measured by rent; home ownership, including repairs 

and maintenance; fuel and light; and other household 

operation); clothing; transport; health and personal 

care; recreation, education, and reading; and tobacco 

and alcoholic beverages. Prices for the majority of items 

are collected monthly. Rent quotations are obtained 

through monthly household surveys currently covering some 10,500 rented dwellings in urban areas. No 

account is taken of seasonal fluctuations of items priced. 

Series 733c measures the seasonally adjusted percent 

change in series 733 over 6-month spans. 

SERIES 735 (West Germany) is known as the Cost of 

Living Index—All Private Households (1976=100). It 

is computed as a weighted arithmetic average with 

fixed base and weights corresponding to the base period. 

The current weights and the 778 items selected for 

inclusion in the index are derived from a family expenditure survey conducted in 1973 among private households representing all types of consumers. These households had an average of 2.6 members and a monthly 

expenditure of about 2,326 Deutschmarks in 1976. 

The items included in the index are: Food and tobacco, clothing, rent, fuel and light, household operation, 

transport and communications, health and personal 

care, education and entertainment, and other goods 

and services. Most prices are collected near the middle of each month in 118 municipalities. Between May 

and October, prices for fresh fruits and vegetables are 

collected twice a month. Rent quotations cover twoor three-room flats with kitchens and are obtained 

quarterly. In the computation of the index, seasonal 

fluctuations are taken into account for prices of items 

subject to such fluctuations. 

Series 735c measures the seasonally adjusted percent 

change in series 735 over 6-month spans. 

SERIES 736 (France) is known as the Consumer Price 

Index (1970=100). It is a Laspeyres chain index with 

weights that change at the beginning of each calendar 

year. The index for each month is first computed on a 

base of December of the preceding year=100; the 

resulting index is then converted to a 1970=100 base. 

The weights are based on data from continuing family expenditure surveys and data on household accounts 

from the system of national accounts. The weights 

used in the computation of the indexes for a given year 

are based on the results of surveys conducted two 

years earlier and updated to December of the preceding year. The index represents urban households of all 

sizes headed by wage and salary workers. 

The items included in the index are: Food and tobacco; clothing and household linen; furniture, furnishings, 

household goods, and cleaning materials; fuel and light; 

and services (rent, water, maintenance and repairs, 

personal and medical care, public transport and maintenance of vehicles, and other services). 

The sample currently includes 30,000 retail outlets 

and service establishments in 108 urban centers of 

more than 2,000 inhabitants. Agents collect prices 

monthly or quarterly for most goods and services, and 

twice a month for fresh products. Rent quotations are 

obtained from surveys conducted twice a year from a 

sample of 3,500 dwellings in urban centers of more 

than 2,000 inhabitants. Prices of pharmaceutical products and costs of medical care are included at their 

gross value (i.e., excluding refunds from social security). Seasonal fluctuations in the prices of fresh products are taken into account. 

Series 736c measures the seasonally adjusted percent 

change in series 736 over 6-month spans. 

SERIES 737 (Italy) is known as the Consumer Price 

Index (1976 = 100). It is computed as a weighted 

arithmetic average with fixed base and weights corresponding to the base period. The national index is 

the weighted arithmetic average of indexes for the four 

major areas of the country (North-West, North-East, 

Central, and Southern and Insular). 

The current weights for items other than rent are 

derived from 1975 consumption patterns and national 

accounts data. Rent weights are based on results of a 

housing survey taken in October 1971. Producers' own 

consumption and owner-occupied housing are excluded 

from the weighting scheme and pricing. 

The items included in the index are: Food and tobacco, rent, fuel and light, clothing, furnishings and household equipment, personal and medical care, transportation and communication, education and recreation, 

and miscellaneous. 

Agents collect prices from approximately 20,300 retail 

outlets, from 6,000 service establishments, and from 

13,500 dwellings (to obtain rent data), located in the 

capital towns of 93 provinces. Prices for fresh fruits 

and vegetables are obtained three times a month; those 

for other food and for clothing and personal services, 

once a month; and those for durable goods, public 

services, and rent, once a quarter. Seasonal fluctuations in the prices of fresh fruits and vegetables are 

accounted for by varying the monthly basket of these 

items and by using moving averages of the respective 

indexes for the last 13 months. 

Series 737c measures the seasonally adjusted percent 

change in series 737 over 6-month spans. 

SERIES 738 (Japan) is known as the Consumer Price 

Index (1975=100). It is computed as a weighted 

arithmetic average with fixed base and weights corresponding to the base period. 

The weights and selection of items are derived from 

a family expenditure survey conducted in 1975 among 

62 The Handbook of Cyclical Indicators 

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a random sample of about 8,000 urban and rural households (excluding farmers', fishermen's, and single 

persons' households) in 170 localities selected to represent the entire country. 

The items included in the index are: Food, housing 

(rent, repairs and improvements, water charge, and 

furniture and utensils), fuel and light, clothing, and 

miscellaneous. 

Prices for most items are collected by agents from 

about 31,000 retail stores and service establishments 

in 168 localities during the week containing the 12th of 

each month. Prices for seasonal items (such as fresh 

fruits, vegetables, and fish) are collected three times a 

month. Seasonal fluctuations in the prices of these 

items are accounted for by varying the monthly item 

weights within constant group weights. Rent quotations 

are obtained from about 22,000 households. 

Series 738c measures the seasonally adjusted percent 

change in series 738 over 6-month spans. 

STOCK PRICES—INTERNATIONAL 

Series 19. United States 

Source: Standard and Poor's Corporation 

Series 742. United Kingdom 

Source: Central Statistical Office (London) 

Series 743. Canada 

Source: Statistics Canada (Ottawa) 

Series 745. West Germany 

Source: Statistiches Bundesamt (Wiesbaden) 

Series 746. France 

Source: Institut National de la Statistique et des Etudes 

Economiques (Paris) 

Series 747. Italy 

Source: Banca d'Italia (Rome) 

Series 748. Japan 

Source: Bank of Japan (Tokyo) 

(Data contained in these series are not seasonally 

adjusted.) 

STOCK price indexes are designed to approximate the 

average movement of stock prices on the individual 

country's leading exchange. Each stock included in the 

index must represent a viable enterprise and must be 

representative of the industry group to which it is 

assigned. The index estimates the change in value accruing to a hypothetical investor who, in the base period, 

bought shares corresponding in selection and proportions to those in the index; only substituted new issues 

for retired issues; and retained, in the form of shares, 

the proceeds of all offered rights, warrants, and share 

dividends. The base year and method of computation 

vary among countries. To facilitate comparison, the 

stock price indexes shown in BCD have been converted to a 1967 = 100 base by the U.S. Department of 

Commerce, Bureau of Economic Analysis. 

In BCD, these series appear under the international 

comparisons category "stock prices." 

SERIES 19 (United States) is described in the Stock 

Prices section in this Handbook. 

SERIES 742 (United Kingdom) is an index that measures the monthly average of daily changes in the market value of a portfolio of 500 ordinary stocks actively 

traded on the London Exchange and issued by industrial 

companies operating in the United Kingdom. The sample, which is reviewed regularly, originally comprised 

all companies whose market capitalization in 1962 

exceeded 4 million pounds; a few smaller companies 

also are included. Companies operating mainly outside 

the United Kingdom are excluded. In 1962, about 60 

percent of all quoted industrial stocks were covered. 

The monthly index has an April 1962 reference base 

and is a weighted arithmetic average of daily indexes. 

The daily indexes consist of a number of chain-linked 

Laspeyres series derived from middle-market prices 

determined at the close of each business day. These 

price relatives of constituent shares are weighted by 

initial market capitalization until the first change occurs. 

Weights are changed and new links are computed when 

capital changes, such as rights and bonus issues, occur 

or when changes in the sample are effected. 

SERIES 743 (Canada) is a weighted index of 65 industrial stocks traded on at least one exchange. It has a 

1971 reference base and is a component of the Investors Index. Prior to 1974, stocks traded on the Canadian Stock Exchange (CSE) also were included; in 1974, 

CSE merged with the Montreal Stock Exchange. 

The monthly index is the arithmetic average of weekly 

indexes. Prices are based on the daily closing quotations from the exchange with the highest volume of 

trading for each stock. The daily quotations are averaged over the number of trading days in the week. 

Prices for component stocks are combined into subgroups in proportion to the relative numbers of shares 

outstanding as of January 1st each year. Each subgroup and group is weighted by its average yearly volume 

of shares traded over the period 1971-74. Adjustments 

are made to reflect changes in portfolio composition 

and stock splits. 

SERIES 745 (West Germany) measures price changes 

in common stocks of companies with headquarters in 

West Germany. It comprises 192 companies that represent approximately 90 percent of total authorized 

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capital. Selection is based on the amount of authorized 

capital, with some adjustments to include small companies that influence the movements of the stock price 

index. 

To obtain the group indexes, price relatives of selected 

stocks are combined using values of authorized capital 

as of December 29, 1972 (the reference base) as weights. 

Price relatives for each group are weighted by the 

authorized capital of all companies in that group in the 

base period. Prices are adjusted for share dividends 

and rights but not for cash dividends. 

SERIES 746 (France) measures monthly changes in the 

price of a portfolio of variable-yield industrial stocks 

admitted to the Paris Exchange. The sample of approximately 180 stocks is updated each year, with selection 

based on the market value of shares capital and the 

volume of transactions. 

The monthly index is based on opening spot quotations for the last Friday (or preceding working day) of 

the month. Group indexes are computed as unweighted averages of price relatives for component stocks 

using prices on the last working Friday of the preceding 

year as the base. Group indexes are weighted by the 

market value of all stocks in the group as of the same 

date as above, and then are chained to indexes with 

December 29, 1972 as the reference base. Prices are 

adjusted for share dividends and rights. 

SERIES 747 (Italy) measures the monthly averages of 

daily changes in the market value of a portfolio that 

consists of ordinary variable-yield stocks of approximately 40 major Italian companies. It covers mainly 

manufacturing companies but also includes 14 financial, insurance, and construction companies. Coverage is 

approximately 60 percent of the total value of stocks 

admitted to the Milan Exchange. 

The monthly indexes are averages of daily indexes 

based on daily spot closing quotations on the Milan 

Exchange weighted by base year (1958) capitalization. 

Adjustments are made for increases in share capital 

and for accrued dividends (on the assumption that 

dividends are unchanged from the preceding year). 

SERIES 748 (Japan) measures monthly changes in the 

selling prices of all 690 stocks listed on the Tokyo 

Exchange. It is compiled with a reference base of April 

1, 1968. 

The monthly index is the simple average of daily 

indexes based on selling quotations at the close of the 

afternoon session (or the previous day's quotations) 

weighted by the current number of shares listed. Adjustments are made to the base figure when shares are 

added to or deleted from the list and when new issues 

are added. However, no adjustments are made for stock 

dividends. 

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II. COMPOSITE INDEXES OF LEADING, 

COINCIDENT, AND LAGGING INDICATORS: 

A Brief Explanation of Their Construction 

THE composite indexes of leading, coincident, and lagging cyclical indicators are 

summary measures designed to signal changes in the direction of aggregate 

economic activity. (Aggregate economic activity cannot be defined precisely, and 

no single time series measures it adequately; however, a variety of statistical 

series measure some of its major aspects.) Each index measures the average 

behavior of a group of economic time series that show similar timing at business 

cycle turns but represent widely differing activities or sectors of the economy. 

The components of the indexes are selected with the help of a formal, detailed 

scoring system that places particular emphasis on cyclical timing.1 (The criteria 

used in the system and the scores resulting from the evaluation of various cyclical 

indicators are shown in table 7 on pages 169-171.) The better performing series 

that tend to lead at business cycle turns are combined into one index, those that 

tend to coincide into another, and those that tend to lag into a third. To ensure 

broad economic coverage with a minimum of duplication, care is taken to include 

in each composite index the highest scoring indicators from as many economic 

process groups as have the requisite timing pattern. Because the combination of 

prompt availability and reasonable accuracy is an especially important requirement of composite indexes, only monthly series that are available with short lags 

and are not subject to large revisions are considered when selecting components 

of the three major composites. 

The series that are included in the three major composite indexes are shown in 

table 1, where they are cross-classified by cyclical timing pattern—leading, 

coincident, and lagging—and economic process group. Because their coverage is 

diversified with a minimum of duplication, composite indexes tend to be more 

reliable as cyclical indicators than any of their components taken singly. Furthermore, much of the independent measurement error and other "noise" in the 

component series are smoothed out in the indexes. 

The composite index of leading indicators is supplemented by composite indexes for subgroups of leading indicators for five economic processes. These subgroup indexes, which are helpful in analyzing individual economic processes, are 

composed of components of the leading index plus selected other leading indicators. The five subgroups are marginal employment adjustments, capital investment commitments, inventory investment and purchasing, profitability, and money 

and financial flows. 

Near the end of each month, the composite indexes are updated by computing 

the preliminary estimates for the previous month and recomputing the preceding 

11 monthly values to incorporate revisions and additional data. Occasionally, the 

composite indexes are revised back to 1948 to incorporate revisions in the 

component series and resulting changes in statistical factors (standardization 

factors, weights, and trend adjustments, which are described below). If required, 

the component composition of the indexes also will be changed. 

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The procedures used to construct the indexes help counter certain difficulties 

of combining economic time series—the tendencies of volatile series to dominate 

the average and of some series to perform better than others with regard to 

relevant criteria. Further, the procedures enhance the usefulness of the three 

indexes as a consistent system. These aspects of the procedures—the component standardization of amplitude, weighting, index standardization of amplitude, 

and trend adjustment—are highlighted in the explanation that follows. (The 

explanation refers to the subgroup leading indexes as well as the leading, coincident, and lagging indexes except that the subgroup indexes are not subject to 

trend adjustment or index standardization. In this way, they are left to reflect 

short-term fluctuations in economic activities that have their own characteristic 

trends and amplitudes.) The explanation of these procedures is presented first in 

narrative form in section A and then in algebraic form in section B. 

Table 1. Classification of Composite Index Components by Economic Process 

| \ ^ Economic 

^ ^ process 

Index ^ v 

Leading 

indicators 

[Coincident 

Indicators 

Lagging 

indicators 

1. Employment and 

unemployment 

1. Average weekly hours 

of production or 

nonsupervisory workers, 

manufacturing 

5. Average weekly 

initial claims for 

unemployment 

insurance, 

State Programs 

4 1. Employees on 

nonagricultural 

payrolls 

9 1 . Average duration 

of unemployment 

in weeks 

II. Production and 

income 

** 

5 1. Personal income 

less transfer 

payments in 

1972 dollars 

47. Index of 

industrial 

production 

III. Consumption, trade, 

orders, and deliveries 

8. Manufacturers' new 

orders in 1972 dollars, 

consumer goods and 

materials industries 

32. Vendor performance, 

percent of companies 

receiving slower 

deliveries 

57. Manufacturing and 

trade sales in 1972 

dollars 

IV. Fixed capital 

investment 

12. Index of net 

business formation 

20. Contracts and 

orders for plant 

and equipment in 

1972 dollars 

29. Index of new 

private housing 

units authorized 

by local building 

permits 

V. Inventories and 

inventory investment 

36. Change in manufacturing and trade 

inventories on hand 

and on order in 1972 

dollars, smoothed 

77. Ratio, manufacturing and trade 

inventories to sales 

in 1972 dollars 

VI. Prices, costs, and 

profits 

99. Change in sensitive 

materials prices, 

smoothed 

19. Index of stock 

prices, 500 

common stocks 

62. Index of labor 

cost per unit of 

output, manufacturing—actual 

data as a percent 

of trend 

VII. Money and credit 

106. Money supply M2 

in 1972 dollars 

111. Change in business 

and consumer credit 

outstanding 

109. Average prime 

rate charged 

by banks 

101. Commercial and 

industrial loans 

outstanding in 

1972 dollars 

95. Ratio, consumer 

installment credit 

outstanding to 

personal income 

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Section A. Method of Construction: 

A Narrative Explanation 

1. Standardization and Weighting of the 

Components 

a. Month-to-month percent changes are calculated for each component series. To ensure symmetrical treatment of positive and negative changes, 

the percent changes are computed using the 

formula 200(B-A)/(B+A), where A is the value 

for the first month and B is the value for the 

second month.2 For series (such as first differences) that can contain zero or negative values, 

and for series that already are in percentage or 

ratio form, simple month-to-month differences 

(B—A) are computed. 

b. To prevent the more volatile component series 

from dominating the index, the percent changes 

(or differences) for each component are standardized to make the average of their absolute values 

equal to one. This standardization is accomplished 

for each component by dividing the monthly changes, as computed in the preceding step, by their 

long-run average, without regard to sign. This 

average is the component standardization factor. 

c. For each month, a weighted average of the standardized changes for all available components is 

computed. The weight for each component reflects 

the overall performance score of that series as a 

cyclical indicator. The score is determined by an 

evaluation of the series' cyclical timing, conformity to business cycles, smoothness, currency, statistical adequacy, economic significance, and revisions. (See table 7 on pages 169-171 for a listing 

of the scores.) Thus, the better performing series 

are assigned more weight in the composite index.3 

The weights and standardization factors for the 

components of the three major composite indexes 

are shown in table 2; similar measures for the 

components of the leading indicator subgroup 

indexes are shown in table 3. 

2. Standardization and Cumulation of 

the Index 

a. For the leading and lagging composite indexes, 

the weighted averages computed in the preceding step are subjected to an index standardization 

procedure that makes their long-run averages, 

without regard to sign, equal to the corresponding 

average for the coincident index. This is done to 

facilitate the use of the three indexes as a consistent system. To standardize the leading index, 

its average weighted changes (as computed in 

step A-lc) are divided by the ratio of their longrun average to the corresponding average for the 

BCD 1984 

Table 2. Standardization Factors and Weights for Composite Index Components 

StandardSeries ization Weight2 

factor1 

Leading index components 

1. Average weekly hours of production or nonsupervisory workers, 

manufacturing 0.467 1.014 

5. Average weekly initial claims for unemployment insurance, 

State programs3 5.374 1.041 

8. Manufacturers' new orders in 1972 dollars, consumer goods 

and materials industries 2.818 .973 

32. "Vendor performance, percent of companies receiving 

slower deliveries 3.840 1.081 

12. Index of net business formation 996 .973 

20. Contracts and orders for plant and equipment in 1972 dollars 6.194 .946 

29. Index of new private housing units authorized by local 

building permits 5.064 1.054 

36. *Change in manufacturing and trade inventories on hand and 

on order in 1972 dollars, smoothed4 2.530 .986 

99. ""Change in sensitive materials prices, smoothed4 324 .892 

19. Index of stock prices, 500 common stocks 2.633 1.149 

106. Money supply M2 in 1972 dollars 417 .932 

111. ""Change in business and consumer credit outstanding 2.627 .959 

Coincident index components 

41. Employees on nonagricultural payrolls 321 1.064 

51. Personal income less transfer payments in 1972 dollars 502 1.003 

47. Index of industrial production 924 1.028 

57. Manufacturing and trade sales in 1972 dollars 1.021 .905 

Lagging index components 

91. Average duration of unemployment in weeks3 3.587 1.098 

77. ""Ratio, manufacturing and trade inventories to sales in 1972 dollars 016 .894 

62. ""Index of labor cost per unit of output, manufacturing—actual 

data as a percent of trend 557 .868 

109. *Average prime rate charged by banks \376 1.123 

101. Commercial and industrial loans outstanding in 1972 dollars 901 1.009 

95. 'Ratio, consumer installment credit outstanding to personal income 062 1.009 

See table footnotes at end of this part. 

coincident index. The lagging index is standardized 

in the same manner. These ratios of the long-run 

averages are the index standardization factors, 

and they are shown in table 4. 

b. The standardized average changes computed in the 

previous step are cumulated into an index using 

the following procedure: A value of 100 is assigned 

to the index for the initial month (month A), and 

the value for the following month (month B) is 

computed by applying the formula B=A(200+r)/ 

(200 —r), where r is the standardized average 

change between months A and B. The value for 

the third month (month C) is computed from the 

relationship C= 6(200+r)/(200-r), where r is 

the standardized average change between months 

B and C. The index values for subsequent months 

are computed in the same manner. The formula 

(200+r)/(200—r) converts the symmetrical percent changes (see step A-la) to conventional percent changes. This step produces a "raw" index, 

which is then trend adjusted. 

3. Adjustment of the Trend 

A trend adjustment procedure is used to make the 

trends in the three major composite indexes equal to 

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Table 3. Standardization Factors and Weights for Leading Indicator Subgroups Table 4. Index Standardization Factors, 1948-81 

Subgroup indexes and components 

Standardization 

factor1 

Weight2 

913. Marginal employment adjustments3 

1. Average weekly hours of production or nonsupervisory workers, 

manufacturing 0.457 

2. Accession rate, manufacturing 3.885 

5. Average weekly initial claims for unemployment insurance, 

State programs4 5.543 

3. *Layoff rate, manufacturing4 160 

914. Capital investment commitments 

12. Index of net business formation 996 

20. Contracts and orders for plant and equipment in 1972 dollars 6.194 

29. Index of new private housing units authorized by local 

building permits 5.064 

915. Inventory investment and purchasing 

8. Manufacturers' new orders in 1972 dollars, consumer goods 

and materials industries 2.818 

32. *Vendor performance, percent of companies receiving 

slower deliveries 3.840 

36. "'Change in manufacturing and trade inventories on hand 

and on order in 1972 dollars, smoothed5 2.530 

99. ""Change in sensitive materials prices, smoothed5 324 

916. Profitably 

19. Index of stock prices, 500 common stocks 2.633 

80. Corporate profits after tax with IVA and CCAdj in 1972 dollars 2.210 

26. Ratio, implicit price deflator to unit labor cost, nonfarm 

business sector 209 

917. Money and financial flows 

104. *Change in total liquid assets, smoothed5 053 

106. Money supply M2 in 1972 dollars 417 

111. *Change in business and consumer credit outstanding 2.627 

See table footnotes at end of this part. 

0.997 

.946 

1.022 

1.035 

.982 

.955 

1.064 

.990 

1.100 

1.003 

.907 

1.226 

.909 

.865 

1.028 

.972 

1.000 

the average of the trends in the components of the 

coincident index.4 This trend can be considered a linear approximation of the secular movement in aggregate economic activity. Although the purpose of the 

composite indexes is to indicate directional changes in 

aggregate economic activity, many users also view them 

as indicators of levels of activity. The trend adjustment 

procedure facilitates the use of the indexes as cyclical 

measures within a consistent system. 

a. Establishing the target trend: 

(1) Using the business cycle average method, a 

log-linear trend is computed from the original 

seasonally adjusted data for each of the components of the coincident index. First, the 

average monthly value for the initial cycle 

(measured between specific cycle peak dates) 

and the corresponding value for the terminal 

cycle are determined. Then, the percent 

change from the initial cycle average to the 

terminal cycle average (each centered at the 

middle of its cycle) is converted to a monthly 

rate by the compound interest formula. 

68 

Leading index 

Coincident index... 

Composite index 

Average 

absolute change1 

0.496 

.852 

.602 

Index standardization 

factor2 

0.582 

1.000 

.707 

See table footnotes at end of this part. 

(2) The trends derived in the preceding step for 

the individual components of the coincident 

index are averaged (with equal weights) to 

obtain the target trend. Table 5 illustrates 

the computation of the target trend. 

b. Trend adjusting the composite indexes: 

(1) Trends are computed for the raw indexes of 

the leading, coincident, and lagging composites using the method described in step A-3a(l). 

(2) The differences between the target trend and 

the raw index trends computed in the preceding step are the trend adjustment factors. 

For each index, the trend adjustment factor 

is added to the standardized average changes derived in step A-2a. The raw index trends 

and the trend adjustment factors are shown 

in table 6. 

(3) The trend-adjusted changes resulting from 

the preceding step are cumulated, using the 

method described in step A-2b, to produce 

the leading, coincident, and lagging composite indexes.5 

c. Finally, each index is converted to the desired 

base year (currently 1967) by dividing each term 

by the average value of the index in the base year 

and multiplying by 100. 

Table 5. Target Trend Computation 

Specific cycles 

Series Monthly trend'

 (peaktopeak ) 

(percent) Initial Terminal 

41. Employees on nonagricultural payrolls 0.186 Sept. 48 to Mar. 80 to 

June 53 July 81 

51. Personal income less transfer payments in Oct. 48 to Jan. 80 to 

1972 dollars 281 June 53 Aug. 81 

47. Index of industrial production .334 July 48 to Mar. 79 to 

July 53 July 81 

57. Manufacturing and trade sales in 1972 dollars 282 Dec. 48 to Mar. 79 to 

Mar. 53 Feb. 81 

Target trend2 271 

See table footnotes at end of this part. 

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Leading index 

Coincident index.. 

Lagging index 

Table 6. Trend Adjustment Factors 

« .. . Trend in raw index1 

Composite index 

(percent) 

0.132 

.446 

.253 

Trend adjustment factor2 

(percent) 

+0.139 

-.17 5 

+ .018 

See table footnotes at end of this part. 

Section B. Method of Construction: 

An Algebraic Explanation 

1. Standardization and Weighting of the 

Components 

a. Let cit be the symmetrical percent change from 

month t— 1 to month Mor component /. Then 

c/ f=200 (d/ f- d/ f _i)/(d/ f + 4f _i), where dit is the 

data for month t of component / (/= 1,2,3 k 

and t= 2,3,4,. . . .n). If a component contains zero 

or negative values or is expressed in percentage 

or ratio form, then cit=djt—djt_v 

b. The changes computed in the preceding step are 

standardized using the formula s^c^/A^ where 

Ar 

t=2 

cu l(N-l) 

and N is the number of months in the standardization period. The At change only when the composite index undergoes a complete revision. 

c. Weighted monthly averages of the sjt are computed using the formula 

W), 

where Wt is the weight assigned to component /'. 

If data for a component are not available for a given 

month t, then the weight (W) for that component 

is zero in month t. 

2. Standardization and Cumulation of 

the Index 

a. The average monthly changes (Rt) are standardized using the formula rt=Rt

/F, where 

F= \(% | Rt \)l(N-l)\l\(j? | Pt \)l{N-\)\ 

and Pt is the coincident index counterpart of Rt 

as defined in step B-lc. (For the coincident index, 

F=l.) As with the component standardization factors, this index standardization factor (F) changes 

only when the composite index undergoes a complete revision. 

b. The standardized average changes (rf) are cumulated into an index using the formula lt=lt__i 

(200 + rf)/(200-rf), where f=2,3,4 n and 

lx is assigned the value of 100. This computation 

produces a "raw " index, which is then trend 

adjusted. 

3. Adjustment of the Trend 

a. Trends are calculated using the business cycle 

average method. Let C, and CL represent the averages of the data values for the initial and terminal 

specific cycles of a time series. (Cycles are measured from peak to peak.) The trend is computed 

using the compound interest formula 

r=(-Vo/o-i)ioo, 

where m is the number of months from the center of 

the initial cycle to the center of the terminal cycle. 

b. The trend adjustment factor is computed by subtracting the trend in the raw index from the target 

trend. To trend adjust the index, this difference is 

added to the standardized average changes (rt) 

obtained in step B-2a. Thus, r' f=rf+(G-7), where G 

is the target trend and T is the trend in the raw 

index. The trend-adjusted standardized average 

changes (r'f) then are cumulated as described in 

step B-2b. 

c. The resulting index is rebased by dividing it by its 

average value in the base period and multiplying 

by 100. 

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Footnotes to Composite Indexes 

1

 See Victor Zarnowitz and Charlotte Boschan, "Cyclical Indicators: An Evaluation and New Leading Indexes," 

Business Conditions Digest, May 1975. (Reprinted in the 1977 Handbook of Cyclical Indicators.) The 

scoring system explained in this 1975 article utilized six major criteria; the current system has seven. Revisions, 

an element of statistical adequacy in the former system, now is a separate criterion. 

2

 The conventional formula for calculating the percent change over a given time interval is 100(B—A)/A, where 

A is the beginning value and B is the ending value. In the modified formula, the sum of A and B is used as the 

denominator to keep positive and negative percent changes symmetrical. For example, consider a series with 

consecutive values of 4, 8, 4, 8, 4, 8, and 4. Although there is no upward trend in this series, the conventional 

percent change formula yields an average change of +25 percent, since there are an equal number of 100 

percent increases and 50 percent decreases. The modified formula yields an average change of zero, since there 

are an equal number of increases and decreases of 67 percent. (Adapted from Signals of Recession and 

Recovery, by Julius Shiskin, National Bureau of Economic Research, 1961.) 

3

 Because there is little variation among the weights, one analyst, Alan J. Auerbach, considers the weighting 

scheme unnecessary. Professor Auerbach found his leading composite index, computed with equal weights, to 

be virtually indistinguishable from the official (weighted) leading index for the period covered in his study. (Alan 

J. Auerbach, "The Index of Leading Indicators: 'Measurement Without Theory,* Thirty-Five Years Later," The 

Review of Economics and Statistics, Vol. LXIV, No. 4, November 1982, pp. 589-595.) 

Because weights based on the performance scores reflect the qualifications of the series as cyclical indicators, 

the relative uniformity of the weights indicates that the components are about equal in their qualifications. 

However, the fact that the components' qualifications have been tested with the scoring system has an 

important bearing on the confidence placed in the indexes. 

4

 This trend adjustment procedure is derived from the "reverse trend adjustment" technique developed by 

Julius Shiskin and applied to the leading index prior to November 1976. (Julius Shiskin, "Reverse Trend 

Adjustment of Leading Indicators," The Review of Economics and Statistics, Vol. XLIX, No. 1, February 1967, pp. 

45-49.) The earlier technique removed the original trend from the leading index and replaced it with the trend of 

the coincident index. The trends of the coincident and lagging indexes were not altered. 

5

 Because of the sequence used in the adjustment procedures, the trends of the three indexes are equal, but 

the average monthly changes, without regard to sign, are only approximately equal. If the index standardization 

described in step A-2 had been applied after—rather than before—the trend adjustment, the average monthly 

changes in the three indexes would be equal, but the trends would be only approximately equal. Since the trend 

adjustment can affect the cyclical timing of the indexes and the index standardization cannot, precise equalization of the trends is considered more important than precise equalization of the average monthly changes. 

Footnotes to Composite Indexes Tables 

Tables 2 and 3: 

* First differences rather than symmetrical percent changes are computed for this series. 

Table 2: 

1

 Standardization factors are computed over the period 1948-81. 

2

 The weight for a given series is the ratio of its performance score to the average score of all series in that 

index. 

3

 Changes for this series are inverted; i.e., they are multiplied by —1 . 

4

 This series is a 4-term moving average (weighted 1,2,2,1) placed on the terminal month of the span. 

5

 This standardization factor is computed over the period 1966-81. 

Table 3: 

1

 See footnote 1, table 2. 

2

 See footnote 2, table 2. 

3

 The factors and weights for this index have not been updated since the 1979 revision. They are based on the 

period 1948-78. 

4

 See footnote 3, table 2. 

5

 See footnote 4, table 2. 

Table 4: 

1

 The average absolute change for each index is obtained as follows: (a) For each month, a weighted average of 

the standardized changes of all components in that index is computed; (b) a long-term (1948-81) average 

without regard to sign is calculated from these monthly averages. 

2

 This measure is the ratio of the average absolute change in each index to the average absolute change in the 

coincident index. 

Table 5: 

1

 The percent change from the average monthly value in the initial specific cycle to the average monthly value 

in the terminal specific cycle, with each average centered at the middle of its cycle, is converted to a monthly 

rate by the compound interest formula. 

2

 The target trend is the simple average of the monthly trends in the four components. 

Table 6: 

1

 See the text for the method used to compute the trends. 

2

 The trend adjustment factor is the target trend (0.271) minus the trend in the raw index. 

The Handbook of Cyclical Indicators 

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
III. HISTORICAL DATA, 1947-82 

THIS part provides historical data for the series shown in the monthly BCD. Monthly 

series are shown first, in numerical order by their series identification numbers, followed 

by quarterly series, also in numerical order. 

The data shown here are those available at the time the July 1983 BCD was published. 

The current data needed to update these series can be found in monthly issues of BCD. 

Subsequent revisions of historical data will be shown in the BCD appendixes. (The alphabetical index at the back of each BCD indicates, for each series, not only the page on 

which current data are shown, but also the issue of BCD in which historical data are shown.) 

The series shown here are seasonally adjusted except for those, indicated by ©, that 

appear to contain no seasonal movement. Annual figures provided by the source agency 

are shown, if available. Such figures often are derived from data with more digits or from 

data that are not seasonally adjusted; thus, they may differ slightly from annual figures 

computed from the monthly or quarterly data shown. 

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Year 

Monthly 

Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Dec. JiL 

Quarterly 

IIP IMP IV Q 

Annual 

i of production or 

JHour?! 

nonsupenrisory workers, manufacturing 

Average for ported 

1947 40.5 

1948 40.4 

1949 39.4 

1950 39.6 

1951 40.8 

1952 40.7 

1953 41.0 

1954 39.5 

1955 40.3 

1956 40.8 

1957 40.3 

1958 38.8 

1959 40.1 

1960 40.5 

1961 39.2 

1962 40.0 

1963 40.4 

1964 40.1 

1965 41.2 

1966 41.4 

1967 41.0 

1968 40.3 

1969 40.7 

1970 40.4 

1971 39.9 

1972 40.2 

1973 40.4 

1974 40.5 

1975 39.2 

1976 40.5 

1977 39.7 

1978 39.6 

1979 40.6 

1980 40.2 

1981 40.3 

1982 37.5 

1947 UT 

1948 166 

1949 285 

1950 294 

1951 174 

1952 221 

1953 175 

1954 303 

1955 256 

1956 218 

1957 242 

1958 354 

1959 292 

1960 281 

1961 393 

1962 301 

1963 310 

1964 283 

1965 243 

1966 222 

1967 196 

1968 206 

1969 179 

1970 240 

1971 292 

1972 264 

1973 226 

1974 294 

1975 522 

1976 360 

1977 394 

1978 343 

1979 353 

1980 .. . 416 

1981 424 

1982 563 

1947 5~66~ 

1948 7.46 

1949 7.14 

1950 7.56 

1951 15.46 

1952 11.06 

1953 14.45 

1954 9.99 

1955 13.48 

1956 15.72 

1957 15.16 

1958 12.94 

1959 15.68 

1960 15.54 

1961 14.09 

1962 17.46 

1963 18.19 

1964 20.40 

1965 22.12 

1966 25.51 

1967 24.70 

1968 27.41 

1969 29.26 

1970 27.92 

1971 29.85 

1972 32.32 

1973 40.52 

1974 45.56 

1975 41.06 

1976 45.55 

1977 56.82 

1978 63.68 

1979 79.47 

1980 83.62 

1981 83.17 

1982 76.70 

40.5 

40.2 

39.4 

39.7 

40.8 

40.7 

41.0 

39.7 

40.5 

40.6 

40.4 

38.6 

40.2 

40.1 

39.3 

40.3 

40.3 

40.6 

41.2 

41.6 

40.4 

40.9 

40.4 

40.2 

39.7 

40.4 

40.9 

40.4 

38.9 

40.3 

40.3 

39.9 

40.6 

40.1 

39.8 

39.5 

40.4 

40.4 

39.1 

39.7 

41.0 

40.6 

41.1 

39.5 

40.7 

40.4 

40.2 

38.7 

40.4 

39.9 

39.4 

40.5 

40.4 

40.6 

41.4 

41.5 

40.4 

40.7 

40.8 

40.1 

39.8 

40.4 

40.8 

40.4 

38.8 

40.2 

40.2 

40.5 

40.6 

39.8 

39.9 

39.0 

40.5 

40.4 

38.8 

40.1 

41.2 

40.1 

41.1 

39.4 

40.6 

40.6 

40.1 

38.6 

40.5 

39.7 

39.6 

40.7 

40.2 

40.8 

41.0 

41.5 

40.5 

40.0 

40.7 

39.9 

39.7 

40.7 

40.9 

39.3 

39.2 

39.6 

40.4 

40.8 

39.2 

39.7 

40.0 

39.0 

40.5 

40.2 

38.9 

40.2 

40.9 

40.4 

40.9 

39.5 

40.9 

40.2 

39.8 

38.8 

40.6 

40.0 

39.6 

40.5 

40.5 

40.7 

41.2 

41.4 

40.4 

40.9 

40.7 

39.8 

39.9 

40.5 

40.7 

40.3 

39.0 

40.3 

40.4 

40.4 

40.2 

39.4 

40.2 

39.1 

40.4 

40.2 

38.9 

40.5 

40.7 

40.5 

40.7 

39.6 

40.6 

40.1 

39.9 

39.0 

40.5 

39.8 

39.9 

40.4 

40.6 

40.7 

41.1 

41.4 

40.4 

40.9 

40.7 

39.9 

40.0 

40.6 

40.6 

40.2 

39.2 

40.2 

40.5 

40.5 

40.2 

39.2 

40.0 

39.1 

40.2 

40.1 

39.1 

40.8 

40.5 

40.1 

40.6 

39.6 

40.6 

40.2 

39.9 

39.2 

40.2 

39.8 

40.0 

40.4 

40.5 

40.8 

41.1 

41.2 

40.5 

40.8 

40.6 

40.0 

39.9 

40.5 

40.7 

40.2 

39.4 

40.3 

40.3 

40.6 

40.2 

39.1 

39.9 

39.1 

39.8 

40.0 

39.0 

41.1 

40.2 

40.5 

40.4 

39.7 

40.6 

40.2 

39.8 

39.4 

40.3 

39.7 

40.1 

40.3 

40.4 

40.9 

41.0 

41.4 

40.6 

40.7 

40.6 

39.8 

39.8 

40.6 

40.5 

40.2 

39.7 

40.1 

40.4 

40.5 

40.1 

39.4 

39.9 

39.0 

40.3 

39.6 

39.4 

40.8 

40.4 

41.0 

39.8 

39.5 

40.7 

40.4 

39.7 

39.6 

40.1 

39.4 

39.5 

40.5 

40.6 

40.5 

40.8 

41.3 

40.7 

40.9 

40.7 

39.3 

39.4 

40.6 

40.7 

40.0 

39.9 

39.8 

40.4 

40.6 

40.2 

39.7 

39.5 

38.8 

40.3 

39.7 

39.4 

40.9 

40.2 

41.1 

40.0 

39.6 

40.9 

40.5 

39.3 

39.5 

40.1 

39.6 

40.2 

40.2 

40.6 

40.6 

41.2 

41.3 

40.6 

40.9 

40.6 

39.5 

39.9 

40.7 

40.6 

40.0 

39.8 

40.0 

40.5 

40.5 

40.2 

39.7 

39.6 

38.9 

40.4 

39.7 

39.0 

40.9 

40.3 

41.0 

39.8 

40.1 

41.0 

40.4 

39.2 

39.8 

39.8 

39.2 

40.5 

40.3 

40.5 

40.8 

41.3 

41.2 

40.6 

40.8 

40.4 

39.5 

40.0 

40.8 

40.7 

39.5 

39.9 

40.1 

40.4 

40.6 

40.1 

39.9 

39.4 

39.0 

40.7 

39.5 

39.3 

40.8 

40.6 

41.1 

39.6 

40.0 

40.8 

40.5 

39.0 

39.8 

40.2 

38.4 

40.3 

40.2 

40.6 

41.1 

41.4 

40.9 

40.7 

40.7 

40.5 

39.5 

40.2 

40.5 

40.6 

39.3 

40.2 

40.0 

40.4 

40.6 

40.1 

40.1 

39.2 

39.0 

40.5 

40.3 

39.3 

39.7 

40.9 

40.7 

41.0 

39.6 

40.5 

40.6 

40.3 

38.7 

40.2 

40.2 

39.3 

40.3 

40.4 

40.4 

41.3 

41.5 

40.6 

40.6 

40.6 

40.2 

39.8 

40.3 

40.7 

40.4 

39.0 

40.3 

40.1 

40.0 

40.6 

40.0 

40.0 

38.7 

40.5 

40.3 

38.9 

40.3 

40.9 

40.3 

40.9 

39.5 

40.7 

40.3 

39.9 

38.8 

40.5 

39.8 

39.7 

40.5 

40.4 

40.7 

41.1 

41.4 

40.4 

40.6 

40.7 

39.9 

39.9 

40.6 

40.7 

39.9 

39.1 

40.0 

40.4 

40.6 

39.9 

39.4 

40.1 

39.1 

40.1 

39.9 

39.2 

40.9 

40.4 

40.5 

40.3 

39.6 

40.6 

40.3 

39.8 

39.4 

40.2 

39.6 

39.9 

40.4 

40.5 

40.7 

41.0 

41.3 

40.6 

40.8 

40.6 

39.7 

39.7 

40.6 

40.6 

40.1 

39.7 

40.1 

40.4 

40.6 

40.2 

39.4 

39.8 

39.0 

40.5 

39.6 

39.2 

40.9 

40.4 

41.1 

39.8 

39.9 

40.9 

40.5 

39.2 

39.7 

40.0 

39.1 

40.3 

40.2 

40.6 

40.8 

41.3 

41.1 

40.6 

40.8 

40.5 

39.5 

40.0 

40.7 

40.6 

39.6 

40.0 

40.0 

40.4 

40.6 

40.1 

39.9 

39.4 

39.0 

40.4 

40.0 

39.1 

40.5 

40.6 

40.7 

40.5 

39.6 

40.7 

40.4 

39.8 

39.2 

40.3 

39.7 

39.8 

40.4 

40.5 

40.7 

41.2 

41.4 

40.6 

40.7 

40.6 

39.8 

39.9 

40.5 

40.7 

40.0 

39.5 

40.1 

40.3 

40.4 

40.2 

39.7 

39.8 

38.9 

5. Average weekly initial claims for unemployment insurance, State programs 

[Thousands] Average for period 

174 

206 

305 

288 

181 

201 

177 

318 

240 

226 

225 

407 

284 

271 

429 

295 

301 

270 

248 

219 

231 

196 

186 

256 

286 

262 

223 

315 

532 

340 

427 

381 

352 

397 

410 

514 

185 

201 

333 

276 

166 

209 

188 

320 

228 

221 

219 

436 

258 

303 

379 

287 

237 

182 

256 

194 

185 

262 

294 

258 

227 

302 

536 

358 

346 

335 

346 

438 

413 

566 

207 

210 

379 

263 

199 

219 

179 

313 

228 

223 

239 

438 

244 

294 

381 

283 

293 

265 

237 

179 

259 

193 

181 

326 

281 

260 

238 

289 

521 

371 

371 

322 

411 

532 

395 

566 

235 

239 

377 

250 

199 

213 

198 

313 

222 

236 

244 

400 

246 

316 

358 

301 

288 

262 

224 

192 

236 

195 

182 

302 

290 

262 

234 

294 

496 

392 

378 

324 

341 

616 

401 

585 

219 

219 

359 

252 

209 

242 

195 

314 

222 

227 

246 

410 

258 

322 

334 

304 

284 

257 

224 

194 

231 

194 

197 

291 

289 

286 

233 

314 

491 

394 

358 

331 

358 

581 

405 

551 

229 

194 

340 

223 

236 

315 

207 

294 

223 

245 

267 

350 

264 

335 

348 

303 

282 

260 

231 

199 

231 

192 

195 

273 

285 

272 

232 

294 

442 

393 

370 

347 

377 

510 

395 

533 

193 

202 

385 

170 

254 

207 

229 

319 

233 

224 

235 

363 

291 

363 

316 

305 

290 

244 

248 

195 

212 

199 

196 

287 

325 

246 

247 

350 

449 

389 

368 

339 

383 

495 

421 

605 

179 

218 

320 

182 

242 

168 

238 

322 

204 

236 

305 

338 

271 

351 

329 

300 

285 

245 

218 

197 

217 

194 

195 

319 

307 

245 

241 

374 

447 

410 

363 

321 

378 

488 

483 

653 

163 

203 

386 

194 

234 

175 

251 

315 

224 

214 

302 

314 

311 

373 

304 

304 

282 

249 

209 

203 

220 

188 

202 

329 

294 

250 

244 

419 

420 

409 

357 

326 

400 

447 

517 

651 

172 

211 

344 

200 

210 

169 

298 

276 

215 

223 

320 

311 

351 

385 

305 

299 

276 

262 

212 

208 

209 

190 

211 

322 

283 

241 

251 

473 

393 

390 

347 

340 

420 

422 

539 

616 

172 

234 

298 

197 

213 

190 

280 

253 

214 

230 

355 

320 

275 

381 

296 

310 

301 

251 

206 

219 

204 

190 

210 

299 

265 

236 

284 

494 

364 

361 

342 

347 

428 

420 

551 

531 

160 

191 

308 

286 

174 

210 

180 

314 

241 

222 

229 

399 

278 

285 

400 

294 

300 

277 

243 

208 

228 

199 

183 

253 

291 

261 

225 

304 

530 

353 

389 

353 

350 

417 

416 

548 

220 

223 

372 

255 

202 

225 

191 

313 

224 

229 

243 

416 

249 

311 

358 

296 

288 

261 

228 

188 

242 

194 

187 

306 

287 

269 

235 

299 

503 

386 

369 

326 

370 

576 

400 

567 

200 

205 

348 

192 

244 

230 

225 

312 

220 

235 

269 

350 

275 

350 

331 

303 

286 

250 

232 

197 

220 

195 

195 

293 

306 

254 

240 

339 

446 

397 

367 

336 

379 

498 

433 

597 

169 

216 

343 

197 

219 

178 

276 

281 

218 

222 

326 

315 

312 

380 

302 

304 

286 

254 

209 

210 

211 

189 

208 

317 

281 

242 

260 

462 

392 

387 

349 

338 

416 

430 

536 

599 

6. Manufacturers' new orders in current dcJars, durable goods industries 

[BMons of dolars] Total for period 

187 

209 

343 

232 

210 

211 

218 

305 

226 

227 

267 

370 

279 

331 

348 

299 

290 

260 

228 

201 

225 

194 

193 

292 

291 

257 

240 

351 

468 

381 

368 

338 

379 

480 

446 

578 

5.98 

7.50 

7.08 

7.62 

14.08 

11.06 

14.21 

10.31 

13.92 

14.61 

15.64 

12.47 

16.97 

15.97 

14.68 

17.81 

18.82 

20.03 

22.44 

25.80 

24.87 

27.30 

29.99 

27.69 

30.10 

33.06 

41.42 

45.48 

40.37 

47.72 

56.55 

66.56 

82.23 

83.44 

83.54 

77.36 

5.90 

7.82 

6.67 

7.86 

14.64 

12.81 

13.34 

9.72 

14.96 

15.04 

15.14 

12.50 

16.65 

15.21 

14.49 

17.05 

19.01 

19.75 

22.76 

26.83 

24.38 

28.90 

30.08 

27.43 

29.79 

33.21 

42.85 

45.18 

38.24 

49.72 

58.59 

68.47 

83.96 

78.80 

83.77 

78.18 

5.89 

8.00 

6.16 

8.35 

13.84 

12.94 

13.69 

10.17 

14.24 

15.69 

14.11 

11.80 

16.84 

15.02 

15.25 

16.67 

18.66 

20.46 

22.99 

26.29 

24.72 

27.57 

31.52 

26.86 

29.12 

33.66 

42.53 

45.86 

40.64 

50.43 

59.36 

70.94 

78.21 

75.16 

87.38 

76.74 

6.21 

8.06 

6.02 

9.23 

13.25 

10.86 

13.58 

9.75 

14.51 

15.16 

14.58 

12.20 

16.02 

15.22 

15.46 

16.89 

18.99 

20.59 

22.44 

26.00 

25.96 

27.31 

29.80 

27.80 

28.75 

34.42 

42.99 

49.02 

40.64 

51.08 

59.74 

71.80 

80.86 

69.93 

88.31 

76.35 

5.92 

8.85 

5.75 

9.39 

12.88 

13.00 

13.20 

10.29 

14.84 

15.06 

14.23 

13.30 

16.86 

15.52 

15.80 

16.76 

18.20 

20.63 

22.76 

26.76 

26.74 

27.41 

29.14 

28.02 

29.29 

34.29 

42.72 

48.66 

40.52 

51.44 

61.68 

71.94 

80.20 

71.94 

88.20 

76.16 

5.95 

8.85 

5.93 

11.52 

12.61 

12.04 

12.35 

10.50 

14.98 

14.75 

13.43 

13.17 

15.79 

15.28 

15.72 

17.03 

18.86 

21.62 

23.37 

26.28 

25.65 

27.11 

29.60 

27.68 

29.61 

34.21 

42.50 

49.71 

43.88 

53.46 

60.82 

70.34 

77.82 

77.63 

86.94 

75.56 

6.19 

8.92 

6.85 

14.21 

11.41 

11.76 

10.89 

10.45 

15.04 

17.73 

14.03 

13.57 

14.93 

15.83 

16.51 

17.03 

18.67 

20.21 

23.21 

25.86 

26.27 

27.44 

29.39 

26.90 

29.56 

34.92 

42.53 

51.17 

43.32 

51.77 

61.53 

74.50 

76.98 

76.35 

85.84 

72.96 

6.83 

8.38 

6.92 

11.79 

10.75 

12.66 

9.71 

11.69 

15.74 

14.78 

13.64 

13.63 

16.04 

15.95 

16.30 

17.82 

18.93 

21.15 

23.74 

27.25 

25.63 

28.64 

30.67 

27.83 

30.66 

36.91 

42.95 

48.93 

43.94 

52.17 

62.69 

74.85 

78.80 

82.03 

83.38 

72.35 

6.99 

8.34 

6.77 

12.00 

11.98 

11.85 

9.99 

12.64 

15.74 

14.84 

12.96 

14.13 

15.77 

14.54 

16.32 

17.82 

18.98 

20.43 

23.85 

25.99 

25.74 

30.04 

30.13 

25.43 

30.00 

36.67 

44.41 

45.78 

43.33 

52.34 

64.89 

78.79 

78.69 

83.96 

78.47 

70.74 

7.36 

7.95 

7.12 

10.95 

11.55 

11.95 

9.94 

11.14 

15.74 

15.78 

13.58 

15.34 

14.73 

14.72 

17.01 

17.70 

18.90 

20.84 

24.54 

25.64 

26.39 

29.03 

29.71 

26.12 

31.25 

37.87 

46.10 

45.47 

44.35 

54.27 

64.09 

79.36 

78.22 

83.41 

79.03 

71.07 

7.72 

7.72 

7.00 

11.88 

11.18 

12.89 

9.96 

12.60 

16.42 

15.73 

12.54 

14.59 

15.96 

14.89 

17.59 

18.62 

18.66 

22.04 

25.15 

25.54 

28.61 

29.14 

29.55 

29.04 

31.92 

39.30 

43.51 

41.21 

44.27 

56.82 

67.37 

77.93 

78.46 

85.18 

76.11 

76.18 

17.54 

22.78 

20.89 

23.04 

44.18 

34.93 

42.00 

30.02 

42.36 

45.37 

45.94 

37.91 

49.30 

46.72 

43.26 

52.32 

56.02 

60.18 

67.32 

78.14 

73.95 

83.61 

89.33 

83.04 

89.74 

98.59 

124.79 

136.22 

119.67 

142.99 

171.96 

198.71 

245.66 

245.86 

250.48 

232.24 

18.02 

24.91 

17.93 

26.97 

39.97 

36.80 

40.47 

30.21 

43.59 

45.91 

42.92 

37.30 

49.72 

45.76 

46.51 

50.32 

55.85 

61.68 

68.19 

79.05 

77.42 

82.29 

90.46 

82.68 

87.16 

102.37 

128.24 

143.54 

121.80 

152.95 

180.78 

214.68 

239.27 

217.03 

263.89 

229.25 

18.97 

26.15 

19.70 

37.52 

34.77 

36.46 

32.95 

32.64 

45.76 

47.26 

41.10 

40.37 

46.76 

47.06 

48.53 

51.88 

56.46 

62.98 

70.32 

79.39 

77.55 

83.19 

89.66 

82.41 

89.83 

106.04 

127.98 

149.81 

131.14 

157.40 

185.04 

219.69 

233.60 

236.01 

256.16 

220.87 

22.07 

24.01 

20.89 

34.83 

34.71 

36.69 

29.89 

36.38 

47.90 

46.35 

39.08 

44.06 

46.46 

44.15 

50.92 

54.14 

56.54 

63.31 

73.54 

77.17 

80.74 

88.21 

89.39 

80.59 

93.17 

113.84 

134.02 

132.46 

131.95 

163.43 

196.35 

236.08 

235.37 

252.55 

233.61 

217.99 

76.60 

97.85 

79.41 

122.36 

153.63 

144.88 

145.31 

129.25 

179.61 

184.89 

169.04 

159.64 

192.24 

183.69 

189.22 

208.66 

224.87 

248.15 

279.37 

313.75 

309.66 

337.30 

358.84 

328.72 

359.90 

420.84 

515.03 

562.03 

504.56 

616.77 

734.13 

869.16 

953.90 

951.45 

1,004.14 

900.35 

72 Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Year 

Monthly 

Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. 

Quarterly 

_LS !UL JVJL Annual 

7. Manufacturers' new orders in 1972 (Mars, durable goods industries 

[BJkws of dofars] Total for period 

1947 

1948 14.60 

1949 12.66 

1950 13.72 

1951 24.73 

1952 17.55 

1953 22.71 

1954 15.33 

1955 20.39 

1956 22.33 

1957 20.43 

1958 17.05 

1959 20.36 

1960 19.92 

1961 18.23 

1962 22.64 

1963 23.63 

1964 26.30 

1965 28.14 

1966 32.05 

1967 30.20 

1968 32.60 

1969 33.48 

1970 30.65 

1971 31.62 

1972 32.75 

1973 39.96 

1974 41.12 

1975 30.64 

1976 32.31 

1977 37.78 

1978 39.36 

1979 44.67 

1980 41.81 

1981 38.52 

1982 33.54 

1947 T77 

1948 12.33 

1949 11.01 

1950 12.34 

1951 20.27 

1952 14.43 

1953 18.53 

1954 13.67 

1955 19.03 

1956 18.88 

1957 17.78 

1958 15.68 

1959 18.94 

1960 18.61 

1961 16.74 

1962 20.61 

1963 20.72 

1964 22.88 

1965 25.21 

1966 27.07 

1967 26.50 

1968 28.59 

1969 30.20 

1970 28.18 

1971 29.16 

1972 30.62 

1973 36.56 

1974 35.34 

1975 26.88 

1976 30.97 

1977 35.04 

1978 36.14 

1979 40.05 

1980 36.70 

1981 33.31 

1982 29.18 

1947 3140 

1948 26.98 

1949 19.28 

1950 19.02 

1951 46.02 

1952 16.98 

1953 25.12 

1954 26.74 

1955 33.22 

1956 34.76 

1957 40.17 

1958 30.39 

1959 32.56 

1960 37.27 

1961 37.16 

1962...: 39.52 

1963 43.38 

1964 49.78 

1965 53.13 

1966 65.64 

1967 51.27 

1968 63.08 

1969 84.15 

1970 82.65 

1971 53.75 

1972 63.71 

1973 90.73 

1974 75.89 

1975 53.68 

1976 44.59 

1977 54.91 

1978 80.68 

1979 85.78 

1980 99.43 

1981 83.72 

1982 58.18 

See footnotes at end of this part. 

14.59 

12.55 

13.80 

22.43 

17.50 

22.31 

15.81 

21.00 

20.66 

20.99 

16.45 

22.02 

20.48 

18.98 

23.08 

24.44 

25.74 

28.52 

32.34 

30.41 

32.34 

34.12 

30.40 

31.78 

33.29 

40.52 

40.68 

29.90 

33.70 

37.48 

40.81 

45.76 

41.24 

38.54 

33.82 

15.10 

11.84 

14.16 

23.23 

20.24 

20.84 

14.91 

22.53 

21.13 

20.30 

16.51 

21.54 

19.47 

18.74 

22.06 

24.69 

25.35 

28.91 

33.58 

29.80 

34.16 

34.06 

30.02 

31.29 

33.41 

41.36 

39.67 

28.26 

34.91 

38.54 

41.70 

46.34 

38.90 

38.41 

34.12 

12.20 

15.27 

10.96 

14.99 

21.86 

20.44 

21.33 

15.54 

21.35 

21.89 

18.91 

15.58 

21.73 

19.23 

19.73 

21.57 

24.26 

26.23 

29.17 

32.74 

30.22 

32.48 

35.70 

29.29 

30.46 

33.80 

40.74 

39.44 

29.97 

35.31 

38.85 

42.81 

42.67 

37.01 

39.72 

33.44 

12.75 

15.27 

10.79 

16.43 

20.94 

17.13 

21.03 

14.91 

21.66 

21.08 

19.49 

16.10 

20.62 

19.53 

19.97 

21.85 

24.66 

26.36 

28.45 

32.18 

31.66 

32.13 

33.68 

30.15 

29.95 

34.56 

40.87 

40.96 

29.93 

35.64 

38.89 

42.97 

43.81 

34.34 

39.92 

33.15 

12.08 

16.60 

10.34 

16.54 

20.31 

20.50 

20.25 

15.69 

22.09 

20.88 

19.02 

17.53 

21.62 

19.92 

20.42 

21.68 

23.60 

26.41 

28.78 

33.08 

32.49 

32.18 

32.92 

30.26 

30.45 

34.36 

40.61 

39.82 

29.77 

35.65 

40.00 

42.64 

43.14 

34.99 

39.61 

32.93 

12.11 

16.33 

10.68 

20.11 

19.92 

18.96 

18.82 

15.99 

22.06 

20.54 

17.89 

17.38 

20.27 

19.66 

20.34 

22.03 

24.37 

27.68 

29.51 

32.44 

31.10 

31.70 

33.37 

29.86 

30.53 

34.14 

40.43 

39.77 

32.19 

36.84 

39.06 

41.45 

41.55 

37.38 

38.83 

32.63 

12.49 

16.02 

12.41 

24.51 

18.14 

18.46 

16.63 

15.93 

21.96 

24.42 

18.64 

17.83 

19.17 

20.42 

21.34 

22.03 

24.09 

25.84 

29.27 

31.81 

31.73 

32.02 

33.03 

28.95 

30.19 

34.81 

40.32 

40.07 

31.69 

35.51 

39.29 

43.49 

40.95 

36.52 

38.15 

31.49 

13.69 

14.99 

12.60 

20.06 

17.12 

19.91 

14.89 

17.82 

22.81 

20.19 

18.11 

17.89 

20.56 

20.69 

21.05 

23.05 

24.42 

27.02 

29.90 

33.52 

30.88 

33.30 

34.31 

29.90 

31.35 

36.65 

40.55 

37.84 

31.98 

35.44 

39.63 

43.42 

41.39 

39.02 

36.94 

31.14 

13.95 

14.87 

12.36 

20.14 

19.02 

18.70 

15.32 

19.27 

22.62 

20.13 

17.19 

18.50 

20.24 

18.79 

21.11 

23.09 

24.46 

26.06 

30.04 

31.93 

30.93 

34.73 

33.52 

27.05 

30.64 

36.45 

41.70 

34.94 

31.24 

35.34 

40.81 

45.46 

40.81 

39.51 

34.65 

30.42 

14.58 

14.11 

12.98 

18.19 

18.33 

18.87 

15.25 

16.91 

22.54 

21.35 

17.96 

20.03 

18.91 

19.06 

22.04 

22.96 

24.35 

26.58 

30.87 

31.38 

31.56 

33.52 

32.86 

27.76 

31.92 

37.53 

42.76 

34.39 

31.77 

36.47 

40.11 

45.32 

40.34 

39.12 

34.66 

30.45 

15.26 

13.69 

12.74 

19.28 

17.75 

20.33 

15.28 

19.10 

23.49 

21.26 

16.54 

18.97 

20.46 

19.29 

22.79 

24.15 

24.02 

28.11 

31.64 

31.22 

34.14 

33.49 

32.55 

30.86 

32.41 

38.79 

39.88 

31.01 

31.48 

37.88 

41.90 

44.26 

40.20 

39.56 

33.34 

32.57 

44.29 

37.05 

41.68 

70.39 

55.29 

65.86 

46.05 

63.92 

64.12 

61.72 

50.01 

63.92 

59.87 

55.95 

67.78 

72.76 

77.39 

85.57 

97.97 

90.41 

99.10 

101.66 

91.07 

94.69 

99.45 

121.84 

121.47 

88.80 

100.92 

113.80 

121.87 

136.77 

121.95 

115.47 

101.48 

37.03 

47.14 

32.09 

47.96 

63.11 

58.07 

62.61 

46.14 

65.10 

63.85 

57.42 

49.21 

63.97 

58.68 

60.12 

65.10 

72.52 

79.00 

86.40 

98.00 

94.37 

96.79 

102.30 

89.70 

90.86 

102.72 

122.22 

120.22 

89.67 

106.60 

117.74 

128.42 

129.62 

106.34 

119.25 

99.52 

38.29 

47.34 

35.69 

64.68 

55.18 

57.33 

50.34 

49.74 

66.83 

65.15 

54.64 

53.10 

60.00 

60.77 

62.73 

67.11 

72.88 

80.54 

88.68 

97.77 

93.71 

97.02 

100.71 

88.71 

92.07 

105.60 

121.30 

117.68 

95.86 

107.79 

117.98 

128.36 

123.89 

112.92 

113.92 

95.26 

43.79 

42.67 

38.08 

57.61 

55.10 

57.90 

45.85 

55.28 

68.65 

62.74 

51.69 

57.50 

59.61 

57.14 

65.94 

70.20 

72.83 

80.75 

92.55 

94.53 

96.63 

101.74 

98.93 

85.67 

94.97 

112.77 

124.34 

100.34 

94.49 

109.69 

122.82 

135.04 

121.35 

118.19 

102.65 

93.44 

181.44 

142.91 

211.93 

243.78 

228.59 

224.66 

197.21 

264.50 

255.86 

225.47 

209.82 

247.50 

236.46 

244.74 

270.19 

290.99 

317.68 

353.20 

388.27 

375.12 

394.65 

403.60 

355.15 

372.59 

420.54 

489.70 

459.71 

368.82 

425.00 

472.34 

513.69 

511.63 

459.40 

451.29 

389.70 

8. Manufacturers' new orders in 1972 (Mars, consumer foods and materials industries 

[K s of dolars] 

12.22 

10.66 

12.39 

18.13 

14.52 

17.75 

14.39 

18.88 

18.33 

18.52 

14.91 

20.79 

18.68 

16.80 

20.46 

21.60 

22.62 

25.44 

27.56 

26.27 

28.55 

30.06 

27.60 

28.87 

31.13 

36.90 

34.83 

26.75 

31.66 

35.04 

36.97 

39.06 

36.38 

34.50 

29.45 

12.87 

10.44 

12.31 

18.62 

16.22 

18.00 

14.44 

20.21 

18.21 

18.14 

14.69 

20.17 

17.61 

17.82 

20.08 

21.73 

22.44 

25.50 

28.60 

26.02 

28.53 

30.02 

27.46 

28.06 

30.97 

37.21 

34.27 

25.84 

32.35 

36.30 

37.35 

39.47 

33.90 

34.15 

30.55 

12.52 

9.98 

12.88 

16.95 

16.74 

18.62 

14.50 

19.67 

18.48 

17.56 

14.60 

19.70 

17.52 

18.23 

18.98 

21.99 

23.27 

25.07 

27.61 

26.22 

28.04 

29.87 

27.35 

28.26 

31.05 

36.00 

34.20 

27.17 

32.38 

35.82 

39.12 

38.06 

31.32 

34.92 

29.30 

12.90 

10.03 

14.37 

16.28 

14.74 

18.13 

14.50 

19.52 

17.90 

17.48 

15.06 

19.09 

17.62 

18.75 

19.76 

21.54 

22.97 

25.19 

27.41 

26.45 

28.64 

29.55 

27.60 

27.96 

31.26 

36.34 

35.30 

27.48 

32.84 

35.80 

38.64 

38.92 

30.28 

35.29 

30.77 

13.88 

9.57 

14.49 

15.76 

17.12 

17.80 

15.24 

19.91 

17.48 

17.63 

15.96 

19.24 

17.91 

19.28 

19.36 

20.99 

23.06 

25.39 

27.59 

26.75 

28.72 

29.73 

28.20 

27.72 

31.89 

36.09 

34.98 

27.94 

33.04 

36.35 

38.19 

38.06 

30.05 

35.16 

30.29 

13.65 

10.24 

18.05 

15.67 

16.09 

17.62 

14.57 

20.28 

17.59 

16.93 

16.42 

18.91 

18.06 

18.62 

20.01 

21.80 

23.94 

26.01 

27.08 

26.76 

28.22 

30.36 

27.30 

28.52 

31.62 

35.89 

33.94 

29.60 

33.29 

36.07 

37.47 

37.00 

31.30 

34.45 

30.29 

13.46 

11.86 

20.21 

14.31 

15.71 

15.39 

15.00 

19.67 

17.84 

17.13 

16.79 

17.84 

18.03 

19.40 

20.22 

21.13 

23.20 

25.48 

27.18 

27.96 

27.53 

29.66 

27.02 

28.21 

32.76 

35.75 

33.30 

29.58 

32.71 

36.25 

38.80 

36.30 

32.11 

33.44 

29.60 

12.71 

11.96 

15.96 

13.73 

16.58 

13.77 

15.78 

19.35 

17.38 

17.19 

17.26 

18.60 

18.30 

19.22 

20.42 

21.28 

24.40 

25.21 

27.09 

26.81 

29.38 

30.18 

27.40 

28.32 

33.32 

35.69 

32.11 

29.94 

32.37 

36.41 

38.07 

36.63 

33.81 

32.48 

29.62 

12.30 

11.17 

16.11 

15.21 

15.72 

13.32 

15.97 

19.13 

17.95 

16.46 

17.21 

17.97 

17.66 

19.29 

20.58 

22.09 

23.03 

25.66 

27.36 

26.40 

29.97 

30.28 

25.51 

28.70 

33.70 

36.24 

31.15 

30.16 

31.75 

36.07 

38.88 

36.24 

34.88 

31.00 

27.91 

11.91 

11.66 

14.68 

14.66 

15.78 

13.56 

16.92 

19.85 

18.02 

15.81 

18.11 

17.44 

17.44 

20.32 

20.55 

22.06 

23.74 

26.70 

26.83 

27.54 

30.46 

29.30 

25.52 

29.55 

34.55 

36.83 

30.06 

30.01 

33.47 

36.72 

39.18 

35.57 

34.54 

30.22 

28.22 

11.40 

11.45 

15.55 

14.19 

17.05 

13.68 

18.14 

19.46 

18.19 

14.91 

18.05 

18.79 

17.37 

20.97 

20.12 

22.07 

24.84 

27.38 

26.55 

29.46 

29.73 

29.02 

27.99 

29.82 

35.06 

34.71 

26.86 

30.18 

34.41 

37.45 

39.82 

35.17 

34.26 

30.50 

28.25 

37.42 

32.11 

37.04 

57.02 

45.17 

54.28 

42.50 

58.12 

55.42 

54.44 

45.28 

59.90 

54.90 

51.36 

61.15 

64.05 

67.94 

76.15 

83.23 

78.79 

85.67 

90.28 

83.24 

86.09 

92.72 

110.67 

104.44 

79.47 

94.98 

106.38 

110.46 

118.58 

106.98 

101.96 

89.18 

39.30 

29.58 

41.74 

48.99 

48.60 

54.55 

44.24 

59.10 

53.86 

52.67 

45.62 

58.03 

53.05 

56.26 

58.10 

64.52 

69.30 

75.65 

82.61 

79.42 

85.40 

89.15 

83.15 

83.94 

94.20 

108.43 

104.48 

82.59 

98.26 

107.97 

115.95 

115.04 

91.65 

105.37 

90.36 

39.82 

34.06 

54.22 

43.71 

48.38 

46.78 

45.35 

59.30 

52.81 

51.25 

50.47 

55.35 

54.39 

57.24 

60.65 

64.21 

71.54 

76.70 

81.35 

81.53 

85.13 

90.20 

81.72 

85.05 

97.70 

107.33 

99.35 

89.12 

98.37 

108.73 

114.34 

109.93 

97.22 

100.37 

89.51 

35.61 

34.28 

46.34 

44.06 

48.55 

40.56 

51.03 

58.44 

54.16 

47.18 

53.37 

54.20 

52.47 

60.58 

61.25 

66.22 

71.61 

79.74 

80.74 

83.40 

90.16 

88.60 

79.02 

88.07 

103.31 

107.78 

88.07 

90.35 

99.63 

110.24 

117.88 

106.98 

103.68 

91.72 

84.38 

152.15 

130.03 

179.34 

193.78 

190.70 

196.17 

183.12 

234.96 

216.25 

205.54 

194.74 

227.48 

214.81 

225.44 

241.15 

259.00 

280.39 

308.24 

327.93 

323.14 

346.36 

358.23 

327.13 

343.15 

387.93 

434.21 

396.34 

341.53 

391.24 

433.32 

458.63 

450.53 

399.53 

399.42 

353.43 

9. Construction contracts awarded for commercial and industrial buMmfs, floor space1 

[Mfcn square feet] Total for period 

27.15 

27.60 

17.22 

16.82 

35.86 

17.91 

27.69 

21.53 

35.03 

36.05 

40.05 

29.34 

32.03 

36.73 

35.61 

42.13 

43.49 

47.91 

55.32 

70.67 

57.84 

59.78 

70.98 

81.53 

51.66 

65.86 

88.09 

84.49 

49.74 

50.10 

53.92 

69.58 

104.38 

63.29 

24.07 

22.98 

19.01 

22.48 

29.82 

19.94 

24.76 

24.73 

32.68 

44.30 

37.68 

30.25 

35.63 

35.01 

35.99 

45.32 

38.55 

50.14 

55.83 

66.54 

54.68 

66.95 

67.37 

71.78 

67.01 

68.12 

88.28 

77.05 

42.90 

52.62 

63.42 

67.01 

94.15 

78.31 

83.79 

61.15 

25.68 

24.34 

18.63 

26.24 

27.36 

20.72 

25.66 

27.39 

31.86 

44.26 

34.31 

26.12 

41.02 

39.59 

35.42 

41.90 

39.67 

47.48 

57.89 

69.82 

60.36 

54.03 

71.45 

66.91 

57.86 

65.59 

84.53 

85.92 

54.06 

51.77 

55.88 

76.04 

96.06 

72.76 

79.64 

58.93 

24.52 

29.47 

16.36 

27.83 

23.71 

18.68 

29.70 

31.40 

32.91 

33.59 

34.85 

28.73 

37.36 

39.72 

35.60 

43.66 

45.62 

46.38 

60.06 

66.79 

54.67 

62.20 

82.47 

55.79 

63.04 

85.60 

81.81 

75.91 

45.17 

52.70 

63.02 

89.34 

89.32 

67.35 

84.75 

53.71 

26.95 

24.25 

16.78 

26.92 

23.99 

23.33 

19.62 

27.99 

32.84 

36.47 

41.68 

27.62 

38.43 

38.50 

35.97 

42.49 

52.13 

52.53 

55.64 

61.59 

61.55 

64.66 

81.66 

58.91 

62.66 

69.61 

84.05 

72.49 

50.17 

52.53 

58.53 

84.54 

86.61 

71.59 

81.01 

64.87 

29.08 

31.70 

16.02 

28.61 

23.49 

21.10 

37.96 

26.09 

37.00 

36.45 

34.29 

29.48 

36.91 

38.94 

37.94 

41.52 

46.34 

51.16 

56.84 

63.24 

57.71 

71.99 

70.30 

65.39 

58.75 

66.67 

93.16 

73.37 

47.89 

53.45 

59.64 

79.20 

92.79 

74.62 

73.46 

57.80 

38.45 

26.52 

13.74 

35.59 

21.82 

23.32 

25.09 

27.56 

35.16 

35.26 

32.59 

33.22 

34.33 

40.59 

38.90 

42.19 

47.01 

51.03 

53.73 

65.05 

61.17 

67.83 

72.35 

64.81 

57.09 

70.71 

89.80 

85.19 

43.86 

52.50 

73.25 

80.35 

84.75 

71.41 

78.67 

59.78 

24.44 

21.75 

18.99 

31.60 

24.53 

22.12 

26.17 

26.31 

38.91 

34.82 

31.32 

31.60 

37.52 

39.30 

40.02 

41.04 

45.95 

50.01 

60.50 

64.09 

62.89 

65.91 

73.69 

58.80 

64.47 

71.36 

80.88 

73.48 

51.36 

45.74 

66.59 

87.28 

91.05 

64.15 

68.12 

55.95 

27.53 

22.46 

16.94 

31.04 

19.21 

23.34 

31.75 

31.06 

35.25 

31.48 

30.09 

31.42 

40.36 

40.17 

34.07 

41.08 

48.34 

54.00 

60.55 

57.82 

58.87 

75.31 

78.65 

52.68 

61.98 

77.00 

91.60 

58.95 

50.61 

51.30 

66.05 

84.95 

95.23 

73.46 

74.26 

54.65 

28.30 

21.71 

16.86 

31.85 

18.12 

27.61 

33.05 

28.33 

36.94 

35.87 

32.82 

30.01 

36.51 

39.28 

41.53 

43.41 

45.19 

52.69 

63.43 

60.43 

60.06 

69.40 

61.78 

53.37 

69.84 

76.52 

87.38 

57.97 

42.38 

56.11 

68.58 

86.12 

81.97 

90.80 

70.77 

50.69 

33.66 

18.41 

19.19 

29.62 

29.57 

38.85 

20.10 

32.21 

35.83 

33.43 

32.97 

29.20 

37.74 

38.28 

41.05 

43.78 

46.26 

55.80 

60.42 

58.02 

60.85 

71.06 

84.18 

53.53 

65.84 

80.83 

73.02 

56.95 

52.37 

53.03 

72.79 

82.87 

84.18 

87.75 

70.65 

49.55 

81.62 

77.56 

55.51 

58.32 

111.70 

54.83 

77.57 

73.00 

100.93 

115.11 

117.90 

89.98 

100.22 

109.01 

108.76 

126.97 

125.42 

147.83 

164.28 

202.85 

163.79 

189.81 

222.50 

235.96 

172.42 

197.69 

267.10 

237.43 

146.32 

147.31 

172.25 

217.27 

284.31 

259.82 

251.37 

182.62 

77.15 

78.06 

51.77 

80.99 

75.06 

62.73 

74.98 

86.78 

97.61 

114.32 

110.84 

82.47 

116.81 

117.81 

106.99 

128.05 

137.42 

146.39 

173.59 

198.20 

176.58 

180.89 

235.58 

181.61 

183.56 

220.80 

250.39 

234.32 

149.40 

157.00 

177.43 

249.92 

271.99 

211.70 

245.40 

177.51 

91.97 

79.97 

48.75 

95.80 

69.84 

66.54 

89.22 

79.96 

111.07 

106.53 

98.20 

94.30 

108.76 

118.83 

116.86 

124.75 

139.30 

152.20 

171.07 

192.38 

181.77 

205.73 

216.34 

189.00 

180.31 

208.74 

263.84 

232.04 

143.11 

151.69 

199.48 

246.83 

268.59 

210.18 

220.25 

173.53 

89.49 

62.58 

52.99 

92.51 

66.90 

89.80 

84.90 

91.60 

108.02 

100.78 

95.88 

90.63 

114.61 

117.73 

116.65 

128.27 

139.79 

162.49 

184.40 

176.27 

179.78 

215.77 

224.61 

159.58 

197.66 

234.35 

252.00 

173.87 

145.36 

160.44 

207.42 

253.94 

261.38 

252.01 

215.68 

154.89 

340.23 

298.17 

209.02 

327.62 

323.50 

273.90 

326.67 

331.34 

417.63 

436.74 

422.82 

357.38 

440.40 

463.38 

449.26 

508.04 

541.93 

608.91 

693.34 

769.70 

701.92 

792.20 

899.03 

766.15 

733.95 

861.58 

1,033.33 

877.66 

584.19 

616.44 

756.58 

967.96 

1,086.27 

933.71 

932.70 

688.55 

73 

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Year 

1947 

1948 

1949 

1950 

1951 

1952 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

1947 

1948 

1949 

1950 

1951 

1952 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

1947 

1948 

1949 

1950 

1951 

1952 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

Jan. 

2.82 

2.51 

1.79 

1.77 

4.28 

1.58 

2.33 

2.48 

3.09 

3.23 

3.73 

2.82 

3.02 

3.46 

3.45 

3.67 

4.03 

4.62 

4.94 

6.10 

4.76 

5.86 

7.82 

7.68 

4.99 

5.92 

8.43 

7.05 

4.99 

4.14 

5.10 

7.50 

7.97 

9.24 

7.78 

5.40 

1.50 

1.31 

1.60 

3.43 

2.51 

2.84 

2.20 

2.50 

3.35 

3.65 

2.77 

3.09 

3.27 

3.48 

3.62 

3.80 

4.70 

4.89 

5.81 

5.30 

7.74 

8.98 

9.20 

8.21 

8.75 

11.26 

13.88 

13.38 

14.47 

16.65 

20.05 

25.37 

28.06 

28.66 

26.77 

112.6 

91.6 

87.3 

89.3 

91.4 

95.1 

88.6 

97.7 

97.7 

93.5 

88.9 

98.3 

99.6 

88.9 

93.2 

94.0 

96.8 

100.4 

102.0 

97.0 

104.1 

112.9 

112.1 

104.5 

113.5 

116.7 

109.5 

99.7 

114.2 

120.3 

125.2 

128.3 

128.1 

121.6 

113.2 

Feb. 

2.52 

2.56 

1.60 

1.56 

3.33 

1.66 

2.57 

2.00 

3.25 

3.35 

3.72 

2.73 

2.98 

3.41 

3.31 

3.91 

4.04 

4.45 

5.14 

6.57 

5.37 

5.55 

6.59 

7.57 

4.80 

6.12 

8.18 

7.85 

4.62 

4.65 

5.01 

6.46 

9.70 

7.63 

7.79 

5.88 

1.72 

1.42 

1.60 

3.51 

2.55 

2.88 

2.24 

2.72 

3.26 

3.55" 

2.67 

3.19 

3.35 

3.40 

3.94 

3.91 

4.24 

4.93 

6.28 

5.69 

7.81 

9.33 

8.86 

8.94 

9.23 

11.95 

14.27 

12.45 

14.15 

16.73 

22.63 

27.66 

26.24 

26.59 

29.36 

107.9 

89.0 

89.9 

89.7 

92.2 

94.2 

88.0 

98.5 

98.5 

93.5 

88.5 

98.6 

98.3 

90.8 

94.0 

94.8 

97.8 

100.8 

102.8 

96.7 

104.8 

113.7 

111.5 

103.7 

113.2 

117.1 

110.0 

99.4 

114.1 

120.7 

127.3 

128.1 

127.9 

120.7 

115.6 

Mar. Apr. May 

Monthh 

June July Aug. 

9. Construction contracts awarded for commercial and industrial buMhgs, floor 

2.24 

2.13 

1.77 

2.09 

2.77 

1.85 

2.30 

2.30 

3.04 

4.12 

3.50 

2.81 

3.31 

3.25 

3.34 

4.21 

3.58 

4.66 

5.19 

6.18 

5.08 

6.22 

6.26 

6.67 

6.23 

6.33 

8.20 

7.16 

3.99 

4.89 

5.89 

6.23 

8.75 

7.27 

7.78 

5.68 

1.66 

1.41 

1.74 

3.19 

2.59 

2.64 

1.91 

3.15 

3.28 

3.52 

2.66 

3.73 

3.27 

3.25 

3.65 

3.88 

4.43 

5.22 

6.14 

5.81 

9.63 

8.69 

8.37 

9.02 

9.94 

12.01 

14.64 

12.03 

14.90 

15.99 

20.54 

29.79 

25.70 

27.76 

25.94 

105.1 

86.9 

90.8 

90.1 

93.1 

93.7 

87.8 

98.6 

97.5 

93.8 

88.3 

100.1 

97.3 

91.4 

94.5 

95.2 

97.4 

100.0 

102.9 

97.4 

105.2 

112.8 

109.0 

106.0 

114.2 

117.7 

109.9 

100.2 

114.3 

122.1 

128.5 

129.1 

124.6 

120.8 

113.5 

2.39 

2.26 

1.73 

2.44 

2.54 

1.92 

2.38 

2.54 

2.96 

4.11 

3.19 

2.43 

3.81 

3.68 

3.29 

3.89 

3.69 

4.41 

5.38 

6.49 

5.61 

5.02 

6.64 

6.22 

5.38 

6.09 

7.85 

7.98 

5.02 

4.81 

5.19 

7.06 

8.92 

6.76 

7.40 

5.47 

[MMM square meters] 

2.28 

2.74 

1.52 

2.59 

2.20 

1.74 

2.76 

2.92 

3.06 

3.12 

3.24 

2.67 

3.47 

3.69 

3.31 

4.06 

4.24 

4.31 

5.58 

6.20 

5.08 

5.78 

7.66 

5.18 

5.86 

7.95 

7.60 

7.05 

4.20 

4.90 

5.85 

8.30 

8.30 

6.26 

7.87 

4.99 

2.50 

2.25 

1.56 

2.50 

2.23 

2.17 

1.82 

2.60 

3.05 

3.39 

3.87 

2.57 

3.57 

3.58 

3.34 

3.95 

4.84 

4.88 

5.17 

5.72 

5.72 

6.01 

7.59 

5.47 

5.82 

6.47 

7.81 

6.73 

4.66 

4.88 

5.44 

7.85 

8.05 

6.65 

7.53 

6.03 

2.70 

2.94 

1.49 

2.66 

2.18 

1.96 

3.53 

2.42 

3.44 

3.39 

3.19 

2.74 

3.43 

3.62 

3.52 

3.86 

4.30 

4.75 

5.28 

5.87 

5.36 

6.69 

6.53 

6.07 

5.46 

6.19 

8.65 

6.82 

4.45 

4.97 

5.54 

7.36 

8.62 

6.93 

6.82 

5.37 

3.57 

2.46 

1.28 

3.31 

2.03 

2.17 

2.33 

2.56 

3.27 

3.28 

3.03 

3.09 

3.19 

3.77 

3.61 

3.92 

4.37 

4.74 

4.99 

6.04 

5.68 

6.30 

6.72 

6.02 

5.30 

6.57 

8.34 

7.91 

4.07 

4.88 

6.80 

7.46 

7.87 

6.63 

7.31 

5.55 

10. Contracts and orders for plant and equipment in current dolars 

1.84 

1.21 

1.74 

3.21 

2.56 

2.88 

1.96 

2.93 

3.40 

3.15 

2.69 

3.35 

3.52 

3.27 

3.85 

3.98 

4.46 

5.25 

6.41 

5.70 

7.97 

9.93 

8.00 

8.89 

9.81 

12.16 

13.93 

13.77 

14.81 

17.47 

20.56 

27.63 

26.40 

30.56 

26.23 

105.4 

86.0 

93.1 

88.8 

91.3 

93.1 

89.1 

98.2 

98.2 

93.6 

88.2 

99.8 

97.4 

92.4 

94.0 

94.1 

98.2 

99.2 

100.6 

96.9 

103.2 

113.7 

108.2 

106.3 

115.4 

116.0 

112.7 

101.3 

114.5 

120.2 

128.5 

127.9 

121.9 

121.9 

115.2 

[ 

1.59 

1.25 

2.16 

4.36 

2.39 

2.76 

2.00 

2.80 

3.56 

3.29 

2.72 

3.46 

3.51 

3.22 

3.68 

4.36 

4.82 

5.18 

6.34 

5.88 

7.32 

9.35 

8.10 

8.65 

10.79 

12.85 

15.34 

14.34 

13.66 

19.18 

23.00 

24.90 

23.29 

28.61 

23.99 

Worn of dolars] 

1.84 

1.37 

2.09 

2.98 

2.69 

2.16 

2.05 

2.99 

3.60 

3.13 

2.85 

3.54 

3.41 

3.41 

3.61 

3.99 

4.95 

5.10 

6.21 

6.11 

7.24 

8.85 

7.80 

9.73 

9.39 

12.73 

14.17 

14.15 

15.97 

18.89 

21.33 

26.48 

25.54 

28.96 

23.41 

1.68 

1.26 

2.53 

2.84 

2.76 

2.66 

2.15 

2.97 

3.43 

3.06 

2.75 

3.61 

3.41 

3.49 

3.65 

3.96 

4.64 

5.27 

6.64 

6.05 

8.30 

8.83 

8.15 

8.00 

10.47 

13.04 

16.64 

13.24 

17.16 

16.79 

22.80 

26.25 

26.30 

28.12 

22.94 

12. Index of net business formation 

104.8 

84.6 

91.3 

88.6 

93.0 

92.3 

89.7 

98.7 

98.1 

92.6 

90.9 

100.0 

96.1 

92.3 

93.7 

94.5 

99.7 

99.4 

99.9 

98.2 

102.1 

113.6 

106.1 

107.7 

114.6 

115.9 

112.6 

103.3 

113.3 

120.8 

127.7 

129.1 

121.1 

119.1 

114.7 

[1967 = 100] 

103.8 

84.2 

92.9 

88.7 

93.6 

91.6 

90.1 

99.4 

96.9 

93.6 

91.8 

98.4 

96.1 

92.8 

93.1 

95.2 

97.8 

100.5 

99.8 

100.0 

103.7 

113.3 

104.9 

109.9 

114.6 

115.5 

113.4 

108.7 

116.1 

123.5 

129.3 

126.7 

118.9 

117.3 

112.1 

101.0 

82.8 

92.1 

88.9 

92.3 

91.5 

90.8 

98.9 

96.3 

93.2 

92.3 

98.4 

96.0 

93.2 

93.3 

95.2 

97.8 

100.5 

99.3 

100.4 

106.2 

113.2 

104.0 

110.4 

115.8 

115.4 

114.5 

112.3 

115.7 

122.8 

129.3 

128.4 

119.1 

118.2 

112.4 

1.60 

1.36 

3.20 

2.73 

2.48 

2.23 

2.15 

3.15 

3.41 

3.13 

3.13 

3.22 

3.41 

3.67 

3.66 

4.07 

4.69 

5.08 

6.22 

6.26 

8.39 

8.75 

7.72 

8.88 

9.69 

13.11 

15.12 

14.63 

15.32 

18.89 

24.09 

25.36 

26.22 

28.14 

22.88 

98.6 

83.9 

91.1 

88.9 

94.6 

91.8 

91.2 

98.5 

95.4 

92.6 

94.1 

98.5 

94.6 

91.7 

93.6 

96.0 

98.2 

100.1 

98.2 

102.3 

107.7 

112.6 

103.4 

109.9 

116.1 

114.7 

112.7 

111.4 

113.9 

125.3 

127.3 

127.9 

120.6 

118.7 

112.6 

Sept. 

space1 

2.27 

2.02 

1.76 

2.94 

2.28 

2.05 

2.43 

2.44 

3.61 

3.23 

2.91 

2.94 

3.49 

3.65 

3.72 

3.81 

4.27 

4.65 

5.62 

5.95 

5.84 

6.12 

6.85 

5.46 

5.99 

6.63 

7.51 

6.83 

4.77 

4.25 

6.19 

8.11 

8.46 

5.96 

6.33 

5.20 

1.59 

1.49 

3.01 

2.36 

3.34 

2.57 

2.31 

3.33 

3.33 

2.83 

3.14 

3.63 

3.44 

3.43 

3.64 

4.20 

4.75 

5.49 

6.79 

6.09 

7.77 

9.93 

7.94 

9.39 

11.07 

13.02 

15.61 

12.53 

16.55 

20.40 

24.94 

26.43 

26.61 

27.98 

24.49 

97.3 

85.5 

89.3 

89.6 

95.0 

89.4 

92.3 

98.6 

95.2 

91.7 

95.3 

97.8 

94.1 

91.8 

94.4 

95.8 

100.2 

99.9 

97.4 

101.7 

109.0 

111.5 

103.9 

109.0 

117.7 

112.4 

108.5 

111.2 

115.5 

124.0 

127.6 

130.0 

121.1 

117.6 

110.4 

Oct. 

2.56 

2.09 

1.57 

2.88 

1.78 

2.17 

2.95 

2.89 

3.27 

2.92 

2.80 

2.92 

3.75 

3.73 

3.17 

3.82 

4.49 

5.02 

5.63 

5.37 

5.47 

7.00 

7.31 

4.89 

5.76 

7.15 

8.51 

5.48 

4.70 

4.77 

6.14 

7.89 

8.85 

6.82 

6.90 

5.08 

1.62 

1.43 

2.71 

2.63 

2.50 

2.72 

2.43 

3.20 

3.34 

2.89 

3.04 

3.50 

3.34 

3.51 

3.73 

4.28 

4.79 

5.51 

6.20 

6.19 

9.29 

8.84 

7.04 

8.49 

10.65 

14.41 

14.94 

12.52 

16.98 

18.33 

28.22 

26.17 

26.34 

27.09 

23.46 

97.5 

85.9 

89.6 

90.1 

94.5 

89.9 

94.2 

97.8 

96.4 

91.3 

95.2 

97.4 

93.9 

92.8 

94.1 

96.1 

100.8 

99.5 

98.2 

101.6 

112.8 

113.5 

104.3 

110.6 

118.9 

112.2 

103.0 

110.5 

117.2 

126.4 

130.3 

127.0 

121.6 

114.8 

111.5 

Nov. 

2.63 

2.02 

1.57 

2.96 

1.68 

2.56 

3.07 

2.63 

3.43 

3.33 

3.05 

2.79 

3.39 

3.65 

3.86 

4.03 

4.20 

4.89 

5.89 

5.61 

5.58 

6.45 

5.74 

4.96 

6.49 

7.11 

8.12 

5.39 

3.94 

5.21 

6.37 

8.00 

7.62 

8.44 

6.57 

4.71 

1.60 

1.61 

2.72 

2.63 

2.36 

2.34 

2.25 

3.45 

3.79 

2.89 

3.00 

3.30 

3.20 

3.72 

4.00 

4.50 

5.10 

5.45 

6.14 

6.22 

7.98 

8.81 

8.11 

9.25 

10.98 

14.55 

13.52 

12.76 

16.23 

18.92 

25.36 

28.24 

27.57 

27.82 

23.63 

93.9 

87.2 

90.1 

91.2 

94.0 

88.6 

95.4 

98.2 

94.6 

90.4 

96.1 

98.7 

91.7 

93.8 

93.3 

95.4 

98.9 

100.6 

95.4 

103.8 

110.5 

111.5 

105.3 

111.4 

118.5 

114.1 

101.7 

111.1 

119.7 

126.2 

129.9 

127.9 

121.1 

117.4 

112.9 

Dec. 

3.13 ' 

1.71 

1.78 

2.75 

2.75 

3.61 , 

1.87 

2.99 

3.33 j 

3.11 

3.06 

2.71 

3.51 

3.56 

3.81 

4.07 

4.30 

5.18 

5.61 

5.39 

5.65 

6.60 

7.82 

4.97 

6.12 

7.51 

6.78 

5.29 

4.87 

4.93 

6.76 

7.70 

7.82 

8.15 

6.56 

4.60 

1.59 

1.46 

3.00 

2.83 

2.83 

2.14 

2.40 

3.45 

3.58 

2.74 

2.91 

3.49 

3.49 

3.43 

4.08 

4.56 

5.17 

5.82 

6.14 

6.40 

8.75 

8.95 

8.90 

9.54 

11.21 

13.90 

14.71 

12.04 

16.49 

20.95 

22.75 

27.46 

27.92 

25.58 

24.37 

95.3 

89.4 

89.4 

90.4 

94.2 

89.5 

95.1 

98.2 

94.2 

89.2 

96.6 

98.8 

90.9 

93.8 

93.1 

96.0 

100.2 

100.9 

96.1 

103.8 

112.7 

112.8 

104.4 

112.3 

118.1 

110.7 

101.8 

114.3 

119.0 

126.3 

127.5 

129.7 

122.7 

115.2 

114.4 

IQ 

7.58 

7.20 

5.16 

5.42 

10.38 

5.09 

7.20 

6.78 

9.38 

10.70 

10.95 

8.36 

9.31 

10.12 

10.10 

11.79 

11.65 

13.73 

15.27 

18.85 

15.21 

17.63 

20.67 

21.92 

16.02 

18.37 

24.81 

22.06 

13.60 

13.68 

16.00 

20.19 

26.42 

24.14 

23.35 

16.96 

4.88 

4.14 

4.94 

10.13 

7.65 

8.36 

6.35 

8.37 

9.89 

10.72 

8.10 

10.01 

9.89 

10.13 

11.21 

11.59 

13.37 

15.04 

18.23 

16.80 

25.18 

27.00 

26.43 

26.17 

27.92 

35.22 

42.79 

37.86 

43.52 

49.37 

63.22 

82.82 

80.00 

83.01 

82.07 

108.5 

89.2 

89.3 

89.7 

92.2 

94.3 

88.1 

98.3 

97.9 

93.6 

88.6 

99.0 

98.4 

90.4 

93.9 

94.7 

97.3 

100.4 

102.6 

97.0 

104.7 

113.1 

110.9 

104.7 

113.6 

| 117.2 

109.8 

99.8 

114.2 

121.0 

127.0 

128.5 

126.9 

121.0 

1 114.1 

Quarterly 

IIQ 

7.17 

7.25 

4.81 

7.53 

6.97 

5.83 

6.96 

8.06 

9.07 

10.62 

10.30 

7.67 

10.85 

10.95 

9.94 

11.90 

12.77 

13.60 

16.13 

18.41 

16.41 

16.81 

21.89 

16.87 

17.06 

20.51 

23.26 

21.76 

13.88 

14.59 

16.48 

23.21 

25.27 

19.67 

22.80 

16.49 

5.27 

3.83 

5.99 

10.55 

7.64 

7.80 

6.01 

8.72 

10.56 

9.57 

8.26 

10.35 

10.44 

9.90 

11.14 

12.33 

14.23 

15.53 

18.96 

17.69 

22.53 

28.13 

23.90 

27.27 

29.99 

37.74 

43.44 

42.26 

44.44 

55.54 

64.89 

79.01 

75.23 

88.13 

73.63 

104.7 

84.9 

92.4 

88.7 

92.6 

92.3 

89.6 

98.8 

97.7 

93.3 

90.3 

99.4 

96.5 

92.5 

93.6 

94.6 

98.6 

99.7 

100.1 

98.4 

103.0 

113.5 

106.4 

108.0 

114.9 

115.8 

112.9 

104.4 

114.6 

121.5 

128.5 

127.9 

120.6 

119.4 

114.0 

III Q 

Total for period 

8.54 

7.42 

4.53 

8.91 

6.49 

6.18 

8.29 

7.42 

10.32 

9.90 

9.13 

8.77 

10.11 

11.04 

10.85 

11.59 

12.94 

14.14 

15.89 

17.86 

16.88 

19.11 

20.10 

17.55 

16.75 

19.39 

24.50 

21.56 

13.29 

14.10 

18.53 

22.93 

24.95 

19.52 

20.46 

16.12 

Total for period 

4.87 

4.11 

8.74 

7.93 

8.58 

7.46 

6.61 

9.45 

10.17 

9.02 

9.02 

10.46 

10.26 

10.59 

10.95 

12.23 

14.08 

15.84 

19.65 

18.40 

24.46 

27.51 

23.81 

26.27 

31.23 

39.17 

47.37 

40.40 

49.03 

56.08 

71.83 

78.04 

79.13 

84.24 

70.31 

IV Q 

8.32 

5.82 

4.92 

8.59 

6.21 

8.34 

7.89 

8.51 

10.03 

9.36 

8.91 

8.42 

10.65 

10.94 

10.84 

11.92 

12.99 

15.09 

17.13 

16.37 

16.70 

20.05 

20.87 

14.82 

18.37 

21.77 

23.41 

16.16 

13.51 

14.91 

19.27 

23.59 

24.29 

23.41 

20.03 

14.39 

4.81 

4.50 

8.43 

8.09 

7.69 

7.20 

7.08 

10.10 

10.71 

8.52 

8.95 

10.29 

10.03 

10.66 

11.81 

13.34 

15.06 

16.78 

18.48 

18.81 

26.02 

26.60 

24.05 

27.28 

32.84 

42.86 

43.17 

37.32 

49.70 

58.20 

76.33 

81.87 

81.83 

80.49 

71.46 

Average for period 

99.0 

84.1 

90.8 

89.1 

94.0 

90.9 

91.4 

98.7 

95.6 

92.5 

93.9 

98.2 

94.9 

92.2 

93.8 

95.7 

98.7 

100.2 

98.3 

101.5 

107.6 

112.4 

103.8 

109.8 

116.5 

114.2 

111.9 

111.6 

115.0 

124.0 

128.1 

128.8 

120.3 

118.2 

111.8 

95.6 

87.5 

89.7 

90.6 

94.2 

89.3 

94.9 

98.1 

95.1 

90.3 

96.0 

98.3 

92.2 

93.5 

93.5 

95.8 

100.0 

100.3 

96.6 

103.1 

112.0 

112.6 

104.7 

111.4 

118.5 

112.3 

102.2 

112.0 

118.6 

126.3 

129.2 

128.2 

121.8 

115.8 

112.9 

Annual 

31.61 

27.69 

19.42 

30.45 

30.05 

25.44 

30.34 

30.77 

38.80 

40.58 

39.29 

33.22 

40.92 

43.05 

41.73 

47.20 

50.35 

56.56 

64.42 

71.49 

65.20 

73.60 

83.53 

71.16 

68.20 

80.04 

95.98 

81.54 

54.28 

57.28 

70.28 

89.92 

100.93 

86.74 

86.64 

63.96 

19.83 

16.58 

28.10 

36.70 

31.56 

30.82 

26.05 

36.64 

41.33 

37.83 

34.33 

41.11 

40.62 

41.28 

45.11 

49.49 

56.74 

63.19 

75.32 

71.70 

98.19 

109.24 

98.19 

106.99 

121.98 

154.99 

176.77 

157.84 

186.69 

219.19 

276.27 

321.74 

316.19 

335.87 

297.47 

101.9 

86.4 

90.6 

89.5 

93.3 

91.7 

91.0 

98.4 

96.6 

92.4 

92.2 

98.7 

95.5 

92.1 

93.7 

95.2 

98.6 

100.2 

99.4 

100.0 

106.8 

112.9 

106.4 

108.5 

115.9 

114.9 

109.2 

107.0 

115.6 

123.2 

128.2 

128.3 

122.4 

118.6 

113.2 

74 

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Year 

Monthly 

Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. 

of new business incorporations 

[Number] 

Quarterly 

IQ IIQ 111 Q IVQ 

Total for period 

Annual 

1947 9,922 

1948 9,380 

1949 7,012 

1950 7,830 

1951 7,214 

1952 7,080 

1953 8,304 

1954 8,638 

1955 11,902 

1956 11,620 

1957 11,250 

1958 11,042 

1959 16,346 

1960 16,561 

1961 13,607 

1962 15,599 

1963 14,924 

1964 15,993 

1965 16,784 

1966 18,087 

1967 16,703 

1968 18,061 

1969 21,364 

1970 22,196 

1971 22,563 

1972 25,270 

1973 27,796 

1974 26,511 

1975 24,809 

1976 29,613 

1977 34,311 

1978 36,414 

1979 42,043 

1980 44,230 

1981 46,039 

1982 43,330 

1947 15.19 

1948 12.96 

1949 19.16 

1950 26.44 

1951 21.68 

1952 26.21 

1953 23.31 

1954 29.59 

1955 37.87 

1956 42.89 

1957 54.06 

1958 64.44 

1959 73.56 

1960 53.67 

1961 81.52 

1962 106.61 

1963 160.96 

1964 96.73 

1965 89.27 

1966 103.18 

1967 108.17 

1968 104.49 

1969 75.03 

1970 137.28 

1971 168.80 

1972 101.62 

1973 205.84 

1974 337.28 

1975 391.14 

1976 257.07 

1977 168.54 

1978 168.31 

1979 182.22 

1980 243.15 

1981 341.36 

1982 645.14 

1947 15.21 

1948 14.83 

1949 15.36 

1950 16.88 

1951 21.21 

1952 24.19 

1953 26.18 

1954 25.46 

1955 35.60 

1956 44.15 

1957 45.43 

1958 41.12 

1959 55.62 

1960 58.03 

1961 59.72 

1962 69.07 

1963 65.06 

1964 76.45 

1965 86.12 

1966 93.32 

1967 84.45 

1968 95.04 

1969 102.04 

1970 90.31 

1971 93.49 

1972 103.30 

1973 118.42 

1974 96.11 

1975 72.56 

1976 96.86 

1977 103.81 

1978 90.25 

1979 99.71 

1980 110.87 

1981 132.97 

1982 117.28 

9,800 

8,329 

6,826 

8,275 

7,016 

7,214 

8,351 

8,937 

11,843 

12,449 

11,359 

11,049 

16,255 

15,274 

14,570 

15,758 

15,390 

16,326 

16,854 

17,451 

15,987 

18,041 

22,105 

22,968 

21,034 

25,084 

28,752 

27,056 

24,931 

29,772 

33,844 

39,434 

42,014 

44,175 

48,588 

47,234 

9,743 

8,349 

6,791 

8,078 

6,937 

7,348 

8,634 

9,155 

11,679 

11,591 

11,367 

11,042 

16,548 

15,233 

14,658 

15,670 

15,563 

15,917 

17,131 

17,266 

16,244 

18,538 

22,083 

21,346 

22,883 

26,231 

28,964 

26,458 

25,076 

31,000 

35,018 

37,847 

43,299 

43,359 

47,972 

46,899 

9,057 

8,396 

6,879 

8,132 

7,082 

7,499 

8,534 

9,276 

11,215 

11,888 

11,507 

10,636 

16,604 

15,280 

15,327 

15,372 

15,305 

16,132 

16,664 

17,057 

16,760 

18,663 

23,262 

21,829 

22,814 

26,630 

28,522 

29,071 

26,708 

30,808 

34,529 

39,585 

43,401 

42,240 

49,413 

46,876 

8,699 

8,064 

7,006 

8,403 

6,848 

7,441 

8,785 

9,158 

11,521 

12,245 

11,109 

11,752 

16,296 

15,176 

15,298 

15,245 

15,682 

16,473 

16,580 

16,644 

17,627 

18,723 

23,118 

21,874 

23,960 

26,270 

28,286 

27,562 

26,632 

28,784 

35,256 

39,059 

44,317 

42,710 

48,997 

46,995 

8,748 

8,210 

6,879 

8,394 

6,759 

7,700 

8,605 

9,436 

12,072 

11,999 

11,739 

12,032 

15,204 

15,630 

15,431 

14,947 

15,536 

16,282 

17,017 

16,577 

17,799 

18,839 

23,439 

21,796 

24,481 

26,175 

27,999 

25,785 

26,307 

31,420 

36,694 

39,860 

43,504 

40,648 

49,172 

45,936 

9,308 

8,168 

7,057 

7,898 

6,796 

7,683 

8,757 

9,772 

11,655 

11,851 

11,686 

12,504 

15,658 

15,828 

15,492 

15,171 

15,431 

16,550 

16,844 

16,074 

16,300 

19,407 

23,366 

21,614 

24,677 

26,789 

27,477 

27,790 

28,655 

31,037 

36,874 

40,152 

44,513 

43,621 

49,038 

44,525 

9,244 

7,439 

7,330 

7,684 

6,880 

8,065 

8,515 

9,882 

11,572 

11,707 

11,593 

13,644 

15,813 

15,114 

15,277 

15,056 

16,093 

15,692 

16,901 

16,343 

17,674 

19,947 

22,871 

21,796 

25,012 

26,365 

26,689 

26,495 

27,810 

31,301 

38,180 

41,007 

43,634 

44,255 

48,631 

46,981 

9,316 

7,483 

7,403 

7,092 

6,952 

8,259 

8,185 

10,085 

11,968 

11,193 

11,318 

13,933 

15,728 

15,112 

15,402 

15,249 

15,689 

16,948 

17,136 

15,764 

17,818 

20,582 

22,594 

22,181 

23,623 

27,168 

26,240 

26,313 

28,359 

31,921 

37,271 

41,553 

44,173 

45,746 

48,450 

45,552 

9,806 

7,349 

7,532 

7,176 

6,995 

8,341 

8,698 

10,730 

11,668 

11,925 

11,251 

13,669 

15,383 

15,035 

16,035 

14,892 

16,275 

16,728 

16,994 

16,233 

17,654 

21,093 

24,263 

21,712 

25,356 

27,529 

26,809 

25,404 

29,079 

32,160 

38,213 

41,437 

45,295 

45,945 

47,947 

45,530 

9,453 

7,241 

7,659 

7,059 

7,119 

8,265 

8,556 

11,212 

11,761 

11,186 

10,788 

14,599 

15,695 

14,264 

16,149 

14,951 

15,759 

16,804 

17,606 

16,206 

17,958 

20,890 

23,125 

22,217 

25,510 

26,234 

26,718 

25,555 

28,634 

33,183 

38,308 

41,423 

44,540 

46,750 

49,413 

48,474 

9,690 

7,054 

7,788 

7,007 

7,181 

8,096 

8,696 

11,604 

11,560 

11,139 

10,791 

15,577 

15,959 

14,097 

15,881 

14,985 

15,867 

17,021 

17,625 

16,583 

18,238 

20,619 

22,404 

22,272 

25,634 

27,699 

24,881 

25,003 

29,282 

33,124 

38,900 

42,179 

43,563 

47,840 

47,556 

57,507 

29,465 

26,058 

20,629 

24,183 

21,167 

21,642 

25,289 

26,730 

35,424 

35,660 

33,976 

33,133 

49,149 

47,068 

42,835 

47,027 

45,877 

48,236 

50,769 

52,804 

48,934 

54,640 

65,552 

66,510 

66,480 

76,585 

85,512 

80,025 

74,816 

90,385 

103,173 

113,695 

127,356 

131,764 

142,599 

137,463 

26,504 

24,670 

20,764 

24,929 

20,689 

22,640 

25,924 

27,870 

34,808 

36,132 

34,355 

34,420 

48,104 

46,086 

46,056 

45,564 

46,523 

48,887 

50,261 

50,278 

52,186 

56,225 

69,819 

65,499 

71,255 

79,075 

84,807 

82,418 

79,647 

91,012 

106,479 

118,504 

131,222 

125,598 

147,582 

139,807 

27,868 

23,090 

21,790 

22,674 

20,628 

24,007 

25,457 

29,739 

35,195 

34,751 

34,597 

40,081 

47,199 

46,054 

46,171 

45,476 

47,213 

49,190 

50,881 

48,181 

51,792 

59,936 

68,831 

65,591 

73,312 

80,322 

80,406 

80,598 

84,824 

94,259 

112,325 

122,712 

132,320 

133,622 

146,119 

137,058 

28,949 

21,644 

22,979 

21,242 

21,295 

24,702 

25,950 

33,546 

34,989 

34,250 

32,830 

43,845 

47,037 

43,396 

48,065 

44,828 

47,901 

50,553 

52,225 

49,022 

53,850 

62,602 

69,792 

66,201 

76,500 

81,462 

78,408 

75,962 

86,995 

98,467 

115,421 

125,039 

133,398 

140,535 

144,916 

151,511 

112,786 

95,462 

86,162 

93,028 

83,779 

92,991 

102,620 

117,885 

140,416 

140,793 

135,758 

151,479 

191,489 

182,604 

183,127 

182,895 

187,514 

196,866 

204,136 

200,285 

206,762 

233,403 

273,994 

263,801 

287,547 

317,444 

329,133 

319,003 

326,282 

374,123 

437,398 

479,950 

524,296 

531,519 

581,216 

565,839 

14. Current iabfties of business faiures <§) 

[Ittons of dolars] Total for period 

12.98 

25.62 

27.57 

22.16 

16.01 

19.47 

27.27 

47.77 

42.06 

49.19 

65.41 

65.30 

58.59 

60.94 

88.08 

90.50 

94.72 

123.94 

111.98 

95.54 

113.45 

79.60 

89.99 

139.39 

150.90 

191.33 

137.16 

213.13 

384.76 

211.76 

194.20 

205.01 

177.09 

190.79 

789.20 

913.46 

15.25 

17.48 

37.19 

27.90 

17.65 

29.23 

31.08 

57.28 

41.21 

42.62 

55.83 

71.56 

65.05 

70.19 

126.62 

80.88 

97.70 

111.00 

146.58 

103.47 

119.32 

88.59 

84.12 

120.02 

224.65 

220.66 

252.35 

204.59 

343.35 

247.65 

248.20 

324.41 

187.76 

274.24 

485.34 

836.01 

16.08 

15.30 

31.93 

21.25 

17.06 

29.53 

27.52 

42.51 

35.97 

41.87 

57.10 

83.98 

71.91 

69.19 

86.11 

121.83 

100.76 

112.88 

83.25 

110.14 

103.82 

80.11 

118.76 

131.90 

153.80 

148.47 

119.34 

209.76 

372.08 

206.42 

207.27 

202.99 

242.76 

428.15 

536.88 

1,309.33 

17.33 

13.81 

24.58 

22.67 

23.50 

21.19 

32.79 

38.49 

34.71 

59.90 

52.55 

56.25 

50.92 

73.31 

80.47 

91.51 

118.27 

93.42 

133.11 

96.38 

93.37 

91.41 

92.60 

147.89 

249.49 

190.14 

167.95 

375.69 

357.79 

233.28 

473.89 

160.40 

200.45 

381.15 

428.20 

2,850.45 

18.98 

12.16 

28.16 

18.07 

22.77 

21.22 

32.38 

41.61 

36.67 

43.01 

51.45 

61.44 

49.20 

126.45 

83.83 

88.49 

86.15 

144.50 

144.61 

123.58 

104.64 

74.66 

91.92 

170.50 

165.84 

127.90 

180.21 

215.50 

175.92 

373.64 

305.86 

178.84 

273.17 

436.68 

408.54 

20.70 

13.88 

21.80 

19.54 

21.09 

22.79 

39.83 

32.23 

32.54 

48.69 

44.30 

65.38 

51.20 

61.73 

69.17 

91.57 

120.51 

125.64 

121.48 

69.88 

72.55 

90.27 

112.73 

251.92 

147.03 

204.62 

206.19 

153.40 

242.03 

305.55 

577.82 

231.82 

212.20 

445.69 

619.46 

14.90 

21.44 

31.18 

18.45 

26.42 

16.32 

28.53 

32.58 

36.03 

55.04 

43.51 

50.76 

54.50 

97.59 

102.69 

146.83 

65.23 

95.18 

135.04 

178.09 

108.90 

65.77 

62.83 

169.59 

155.56 

253.62 

190.15 

232.68 

222.44 

263.96 

338.25 

206.40 

287.44 

345.41 

450.41 

10.03 

20.70 

20.60 

15.25 

26.64 

20.14 

33.82 

36.38 

33.12 

39.31 

45.42 

48.10 

54.74 

80.60 

116.66 

96.16 

85.92 

114.56 

104.98 

129.16 

93.94 

58.65 

73.70 

232.94 

115.85 

113.54 

189.47 

217.01 

205.53 

250.32 

96.99 

127.02 

186.20 

1,002.94 

752.34 

21.32 

25.11 

23.89 

16.65 

29.74 

35.05 

37.08 

29.00 

34.78 

50.00 

47.43 

47.27 

50.38 

81.51 

70.26 

119.09 

91.83 

93.77 

82.07 

108.05 

81.63 

65.38 

116.44 

144.77 

144.70 

152.97 

185.66 

306.83 

1,295.39 

183.57 

115.69 

475.34 

395.75 

359.24 

897.94 

16.34 

24.42 

22.80 

18.86 

17.57 

18.76 

36.80 

35.07 

42.78 

39.89 

52.90 

56.72 

53.21 

84.46 

119.21 

98.84 

262.11 

119.32 

71.72 

106.73 

69.98 

58.65 

127.14 

119.84 

129.00 

208.58 

218.67 

344.66 

252.87 

277.60 

200.29 

178.93 

184.31 

239.34 

618.76 

25.50 

31.73 

19.25 

21.04 

19.40 

23.40 

43.75 

40.10 

41.64 

50.28 

45.32 

57.07 

59.56 

78.97 

65.49 

81.28 

68.43 

98.28 

97.58 

161.48 

195.45 

83.41 

96.85 

121.72 

111.32 

86.79 

245.62 

242.59 

136.88 

200.44 

168.32 

196.54 

138.02 

288.30 

626.74 

43.42 

56.06 

83.92 

76.50 

55.34 

74.91 

81.66 

134.64 

121.14 

134.70 

175.30 

201.30 

197.20 

184.80 

296.22 

277.99 

353.38 

331.67 

347.83 

302.19 

340.94 

272.68 

249.14 

396.69 

544.35 

513.61 

595.35 

755.00 

1,119.25 

716.48 

610.94 

697.73 

547.07 

708.18 

1,615.90 

2,394.61 

52.39 

41.27 

84.67 

61.99 

63.33 

71.94 

92.69 

122.61 

107.35 

144.78 

161.10 

201.67 

172.03 

268.95 

250.41 

301.83 

305.18 

350.80 

360.97 

330.10 

301.83 

246.18 

303.28 

450.29 

569.13 

466.51 

467.50 

800.95 

905.79 

813.34 

987.02 

542.23 

716.38 

1,245.98 

1,373.62 

45.63 

56.02 

73.58 

53.24 

74.15 

59.25 

102.18 

101.19 

101.69 

143.04 

133.23 

164.24 

160.44 

239.92 

288.52 

334.56 

271.66 

335.38 

361.50 

377.13 

275.39 

214.69 

249.26 

654.45 

418.44 

571.78 

585.81 

603.09 

670.00 

819.83 

1,013.06 

565.24 

685.84 

1,794.04 

1,822.21 

63.16 

81.26 

65.94 

56.55 

66.71 

77.21 

117.63 

104.17 

119.20 

140.17 

145.65 

161.06 

163.15 

244.94 

254.96 

299.21 

422.37 

311.37 

251.37 

376.26 

347.06 

207.44 

340.43 

386.33 

385.02 

448.34 

649.95 

894.08 

1,685.14 

661.61 

484.30 

850.81 

718.08 

886.88 

2,143.44 

204.60 

234.61 

308.11 

248.28 

259.53 

283.31 

394.16 

462.61 

449.38 

562.69 

615.28 

728.27 

692.82 

938.61 

1,090.11 

1,213.59 

1,352.59 

1,329.22 

1,321.67 

1,385.68 

1,265.22 

940.99 

1,142.11 

1,887.76 

1,916.94 

2,000.24 

2,298.61 

3,053.12 

4,380.18 

3,011.26 

3,095.32 

2,656.01 

2,667.37 

4,635.08 

6,955.17 

19. Index of stock prices, 500 

[1941-43=10] 

stocks® 

Average for period 

15.80 

14.10 

14.77 

17.21 

22.00 

23.75 

25.86 

26.02 

36.79 

44.43 

43.47 

41.26 

54.77 

55.78 

62.17 

70.22 

65.92 

77.39 

86.75 

92.69 

87.36 

90.75 

101.46 

87.16 

97.11 

105.24 

114.16 

93.45 

80.10 

100.64 

100.96 

88.98 

98.23 

115.34 

128.40 

114.50 

15.16 

14.30 

14.91 

17.35 

21.63 

23.81 

25.99 

26.57 

36.50 

47.49 

44.03 

42.11 

56.15 

55.02 

64.12 

70.29 

65.67 

78.80 

86.83 

88.88 

89.42 

89.09 

99.30 

88.65 

99.60 

107.69 

112.42 

97.44 

83.78 

101.08 

100.57 

88.82 

100.11 

104.69 

133.19 

110.84 

14.60 

15.40 

14.89 

17.84 

21.92 

23.74 

24.71 

27.63 

37.76 

48.05 

45.05 

42.34 

57.10 

55.73 

65.83 

68.05 

68.76 

79.94 

87.97 

91.60 

90.96 

95.67 

101.26 

85.95 

103.04 

108.81 

110.27 

92.46 

84.72 

101.93 

99.05 

92.71 

102.07 

102.97 

134.43 

116.31 

14.34 

16.15 

14.78 

18.44 

21.93 

23.73 

24.84 

28.73 

37.60 

46.54 

46.78 

43.70 

57.96 

55.22 

66.50 

62.99 

70.14 

80.72 

89.28 

86.78 

92.59 

97.87 

104.62 

76.06 

101.64 

107.65 

107.22 

89.67 

90.10 

101.16 

98.76 

97.41 

99.73 

107.69 

131.73 

116.35 

14.84 

16.82 

13.97 

18.74 

21.55 

24.38 

23.95 

28.96 

39.78 

46.27 

47.55 

44.75 

57.46 

57.26 

65.62 

55.63 

70.11 

80.24 

85.04 

86.06 

91.43 

100.53 

99.14 

75.59 

99.72 

108.01 

104.75 

89.79 

92.40 

101.77 

99.29 

97.66 

101.73 

114.55 

132.28 

109.70 

15.77 

16.42 

14.76 

17.38 

21.93 

25.08 

24.29 

30.13 

42.69 

48.78 

48.51 

45.98 

59.74 

55.84 

65.44 

56.97 

69.07 

83.22 

84.91 

85.84 

93.01 

100.30 

94.71 

75.72 

99.00 

107.21 

105.83 

82.82 

92.49 

104.20 

100.18 

97.19 

102.71 

119.83 

129.13 

109.38 

15.46 

15.94 

15.29 

18.43 

22.89 

25.18 

24.39 

30.73 

42.43 

48.49 

45.84 

47.70 

59.40 

56.51 

67.79 

58.52 

70.98 

82.00 

86.49 

80.65 

94.49 

98.11 

94.18 

77.92 

97.24 

111.01 

103.80 

76.03 

85.71 

103.29 

97.75 

103.92 

107.36 

123.50 

129.63 

109.65 

15.06 

15.76 

15.49 

19.08 

23.48 

24.78 

23.27 

31.45 

44.34 

46.84 

43.98 

48.96 

57.05 

54.81 

67.26 

58.00 

72.85 

83.41 

89.38 

77.81 

95.81 

101.34 

94.51 

82.58 

99.40 

109.39 

105.61 

68.12 

84.67 

105.45 

96.23 

103.86 

108.60 

126.51 

118.27 

122.43 

15.45 

16.19 

15.89 

19.87 

23.36 

24.26 

23.97 

32.18 

42.11 

46.24 

41.24 

50.95 

57.00 

53.73 

68.00 

56.17 

73.03 

84.85 

91.39 

77.13 

95.66 

103.76 

95.52 

84.37 

97.29 

109.56 

109.84 

69.44 

88.57 

101.89 

93.74 

100.58 

104.47 

130.22 

119.80 

132.66 

15.27 

15.29 

16.11 

19.83 

22.71 

25.03 

24.50 

33.44 

44.95 

45.76 

40.35 

52.50 

57.23 

55.47 

71.08 

60.04 

72.62 

85.44 

92.15 

80.99 

92.66 

105.40 

96.21 

84.28 

92.78 

115.05 

102.03 

71.74 

90.07 

101.19 

94.28 

94.71 

103.66 

135.65 

122.92 

138.10 

15.03 

15.19 

16.54 

19.75 

23.41 

26.04 

24.83 

34.97 

45.37 

46.44 

40.33 

53.49 

59.06 

56.80 

71.74 

62.64 

74.17 

83.96 

91.73 

81.33 

95.30 

106.48 

91.11 

90.05 

99.17 

117.50 

94.78 

67.07 

88.70 

104.66 

93.82 

96.11 

107.78 

133.48 

123.79 

139.37 

15.39 

14.41 

15.01 

17.15 

21.61 

23.92 

26.01 

26.02 

36.30 

45.36 

44.31 

41.50 

55.51 

56.28 

62.00 

69.86 

65.55 

77.55 

86.57 

91.63 

87.08 

91.63 

100.93 

88.71 

96.73 

105.41 

115.00 

95.67 

78.81 

99.53 

101.78 

89.35 

99.35 

110.30 

131.52 

114.21 

14.59 

16.12 

14.55 

18.34 

21.80 

23.95 

24.50 

28.44 

38.38 

46.95 

46.46 

43.60 

57.51 

56.07 

65.98 

62.22 

69.67 

80.30 

87.43 

88.15 

91.66 

98.02 

101.67 

79.20 

101.47 

108.16 

107.41 

90.64 

89.07 

101.62 

99.03 

95.93 

101.18 

108.40 

132.81 

114.12 

15.43 

16.04 

15.18 

18.30 

22.77 

25.01 

23.98 

30.77 

43.15 

48.04 

46.11 

47.55 

58.73 

55.72 

66.83 

57.83 

70.97 

82.88 

86.93 

81.43 

94.44 

99.92 

94.47 

78.74 

98.55 

109.20 

105.08 

75.66 

87.62 

104.31 

98.05 

101.66 

106.22 

123.28 

125.68 

113.82 

15.25 

15.56 

16.18 

19.82 

23.16 

25.11 

24.43 

33.53 

44.14 

46.15 

40.64 

52.31 

57.76 

55.33 

70.27 

59.62 

73.27 

84.75 

91.76 

79.82 

94.54 

105.21 

94.28 

86.23 

96.41 

114.04 

102.22 

69.42 

89.11 

102.58 

93.95 

97.13 

105.30 

133.12 

122.17 

136.71 

15.17 

15.53 

15.23 

18.40 

22.34 

24.50 

24.73 

29.69 

40.49 

46.62 

44.38 

46.24 

57.38 

55.85 

66.27 

62.38 

69.86 

81.37 

88.17 

85.26 

91.93 

98.70 

97.84 

83.22 

98.29 

109.20 

107.43 

82.84 

86.16 

102.01 

98.20 

96.02 

103.01 

118.78 

128.04 

119.71 

See footnotes at end of this part. 75 

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Year 

Jan. Feb. Mar. Apr. May 

Monthly 

June July Aug. Sept. Oct. Nov. Dec. _UL 

Quarterly 

IIP III Q IV Q 

Annual 

20. Contracts and orders for plant and 

[More of dolars] 

in 1972 dolars 

Total for period 

1947 

1948 3.17 

1949 2.54 

1950 3.16 

1951 5.85 

1952 4.22 

1953 4.78 

1954 3.60 

1955 4.07 

1956 5.11 

1957 5.14 

1958 3.81 

1959 4.19 

1960 4.37 

1961 4.74 

1962 4.85 

1963 5.06 

1964 6.22 

1965 6.40 

1966 7.49 

1967 6.51 

1968 9.17 

1969 10.46 

1970 10.14 

1971 8.58 

1972 8.86 

1973 11.10 

1974 12.84 

1975 10.13 

1976 10.48 

1977 11.41 

1978 12.81 

1979 15.15 

1980 15.71 

1981 14.60 

1982 13.22 

1947 

1948 

1949 

1950 

1951 

1952 

1953 

1954 

1955 

1956 3.1 

1957 2.8 

1958 1.8 

1959 2.5 

1960 3.0 

1961 2.1 

1962 2.8 

1963 2.7 

1964 2.9 

1965 3.5 

1966 3.9 

1967 3.6 

1968 3.4 

1969 3.7 

1970 3.4 

1971 2.8 

1972 3.1 

1973 3.9 

1974 3.6 

1975 2.5 

1976 3.1 

1977 3.3 

1978 3.4 

1979 3.6 

1980 3.1 

1981 3.0 

1982 2.3 

1947 112.4 

1948 129.1 

1949 116.6 

1950 94.1 

1951 173.0 

1952 130.3 

1953 102.2 

1954 91.6 

1955 101.7 

1956 112.2 

1957 109.0 

1958 92.8 

1959 99.2 

1960 105.3 

1961 96.9 

1962 102.5 

1963 95.1 

1964 98.1 

1965 110.2 

1966 120.0 

1967 106.4 

1968 99.4 

1969 103.0 

1970 118.9 

1971 105.9 

1972 110.7 

1973 139.3 

1974 215.9 

1975 180.1 

1976 183.6 

1977 210.2 

1978 219.7 

1979 258.3 

1980 316.2 

1981 291.6 

1982 263.4 

3.64 

2.76 

3.14 

5.97 

4.28 

4.87 

3.66 

4.41 

4.95 

4.96 

3.67 

4.31 

4.47 

4.59 

5.30 

5.21 

5.61 

6.46 

8.04 

6.99 

9.24 

10.69 

9.71 

9.28 

9.34 

11.72 

13.07 

9.39 

10.30 

11.45 

14.50 

16.56 

14.27 

13.63 

14.44 

3.47 

2.73 

3.42 

5.40 

4.34 

4.42 

3.12 

5.09 

4.94 

4.92 

3.65 

5.08 

4.35 

4.33 

4.94 

5.16 

5.83 

6.81 

7.83 

7.15 

11.34 

9.93 

9.15 

9.27 

10.04 

11.69 

13.12 

9.03 

10.58 

10.90 

13.15 

18.63 

13.71 

13.98 

13.14 

3.84 

2.35 

3.41 

5.42 

4.30 

4.80 

3.19 

4.76 

5.08 

4.37 

3.68 

4.55 

4.72 

4.40 

5.15 

5.30 

5.89 

6.86 

8.14 

6.97 

9.29 

11.25 

8.70 

9.20 

9.89 

11.72 

12.45 

10.23 

10.77 

11.86 

13.12 

16.07 

13.96 

15.14 

14.05 

3.30 

2.43 

4.20 

7.52 

4.01 

4.59 

3.27 

4.52 

5.26 

4.57 

3.72 

4.66 

4.72 

4.34 

4.94 

5.86 

6.34 

6.78 

7.98 

7.18 

8.63 

10.68 

8.72 

8.90 

10.86 

12.38 

13.27 

10.64 

9.77 

12.97 

14.64 

14.38 

12.54 

14.28 

11.81 

3.80 

2.68 

4.05 

5.02 

4.53 

3.54 

3.36 

4.78 

5.32 

4.34 

3.92 

4.75 

4.56 

4.59 

4.84 

5.32 

6.52 

6.60 

7.78 

7.46 

8.52 

10.02 

8.39 

9.99 

9.41 

12.27 

12.08 

10.46 

11.26 

12.66 

13.39 

15.37 

14.16 

14.47 

11.36 

3.42 

2.46 

4.85 

4.79 

4.65 

4.38 

3.51 

4.73 

5.06 

4.22 

3.76 

4.84 

4.60 

4.67 

4.90 

5.25 

6.12 

6.83 

8.31 

7.34 

9.73 

9.95 

8.68 

8.22 

10.47 

12.55 

13.82 

9.77 

12.13 

11.28 

14.26 

14.83 

15.02 

13.72 

11.12 

3.19 

2.67 

5.98 

4.61 

4.18 

3.64 

3.52 

4.98 

4.98 

4.30 

4.33 

4.29 

4.59 

4.92 

4.92 

5.40 

6.18 

6.56 

7.77 

7.59 

9.89 

9.82 

8.22 

9.05 

9.67 

12.59 

12.36 

10.78 

10.84 

12.67 

14.98 

14.16 

13.88 

14.24 

11.26 

3.13 

2.93 

5.55 

3.97 

5.71 

4.21 

3.78 

5.22 

4.78 

3.85 

4.31 

4.87 

4.66 

4.59 

4.87 

5.56 

6.26 

7.12 

8.51 

7.40 

9.07 

11.04 

8.42 

9.59 

10.98 

12.48 

12.49 

9.25 

11.56 

13.42 

15.38 

14.70 

14.24 

14.26 

12.22 

3.17 

2.83 

4.92 

4.41 

4.23 

4.49 

4.00 

4.96 

4.76 

3.95 

4.18 

4.70 

4.52 

4.70 

4.97 

5.68 

6.31 

7.12 

7.66 

7.50 

10.81 

9.85 

7.40 

8.66 

10.57 

13.68 

11.73 

9.16 

11.84 

12.09 

17.19 

14.68 

13.65 

13.60 

11.95 

3.11 

3.19 

4.90 

4.42 

3.99 

3.84 

3.69 

5.34 

5.35 

3.94 

4.07 

4.42 

4.33 

5.02 

5.34 

6.05 

6.76 

6.99 

7.58 

7.49 

9.22 

9.74 

8.50 

9.43 

10.84 

13.76 

10.55 

9.27 

11.25 

12.26 

15.30 

16.11 

14.40 

14.48 

11.52 

3.09 

2.89 

5.21 

4.77 

4.80 

3.49 

3.92 

5.29 

5.04 

3.75 

3.94 

4.66 

4.71 

4.60 

5.52 

6.10 

6.85 

7.46 

7.54 

7.65 

10.12 

9.88 

9.29 

9.70 

11.00 

13.05 

11.23 

8.78 

11.43 

13.49 

13.59 

15.24 

14.82 

12.87 

12.77 

10.28 

8.03 

9.72 

17.22 

12.84 

14.07 

10.38 

13.57 

15.00 

15.02 

11.13 

13.58 

13.19 

13.66 

15.09 

15.43 

17.66 

19.67 

23.36 

20.65 

29.75 

31.08 

29.00 

27.13 

28.24 

34.51 

39.03 

28.55 

31.36 

33.76 

40.46 

50.34 

43.69 

42.21 

40.80 

10.94 

7.46 

11.66 

17.96 

12.84 

12.93 

9.82 

14.06 

15.66 

13.28 

11.32 

13.96 

14.00 

13.33 

14.93 

16.48 

18.75 

20.24 

23.90 

21.61 

26.44 

31.95 

25.81 

28.09 

30.16 

36.37 

37.80 

31.33 

31.80 

37.49 

41.15 

45.82 

40.66 

43.89 

37.22 

9.74 

8.06 

16.38 

13.37 

14.54 

12.23 

10.81 

14.93 

14.82 

12.37 

12.40 

14.00 

13.85 

14.18 

14.69 

16.21 

18.56 

20.51 

24.59 

22.33 

28.69 

30.81 

25.32 

26.86 

31.12 

37.62 

38.67 

29.80 

34.53 

37.37 

44.62 

43.69 

43.14 

42.22 

34.60 

9.37 

8.91 

15.03 

13.60 

13.02 

11.82 

11.61 

15.59 

15.15 

11.64 

12.19 

13.78 

13.56 

14.32 

15.83 

17.83 

19.92 

21.57 

22.78 

22.64 

30.15 

29.47 

25.19 

27.79 

32.41 

40.49 

33.51 

27.21 

34.52 

37.84 

46.08 

46.03 

42.87 

40.95 

36.24 

40.33 

32.46 

52.79 

62.15 

53.24 

51.05 

42.62 

58.15 

60.63 

52.31 

47.04 

55.32 

54.60 

55.49 

60.54 

65.95 

74.89 

81.99 

94.63 

87.23 

115.03 

123.31 

105.32 

109.87 

121.93 

148.99 

149.01 

116.89 

132.21 

146.46 

172.31 

185.88 

170.36 

169.27 

148.86 

21. Average weekly overtime hours of production or nonsupervisory workers, manufacture 

[Hours] Average for period 

2.9 

2.6 

1.8 

2.6 

2.8 

2.1 

2.7 

2.8 

2.9 

3.6 

4.1 

3.4 

3.5 

3.6 

3.2 

2.8 

3.2 

4.0 

3.5 

2.4 

3.1 

3.3 

3.7 

3.7 

3.0 

2.9 

2.5 

2.7 

2.6 

1.7 

2.8 

2.7 

2.1 

2.8 

2.8 

2.9 

3.7 

4.1 

3.3 

3.5 

3.6 

3.2 

2.8 

3.3 

3.8 

3.5 

2.4 

3.2 

3.3 

3.5 

3.6 

3.1 

2.9 

2.3 

2.8 

2.5 

1.7 

2.8 

2.4 

2.2 

2.9 

2.6 

3.1 

3.4 

4.1 

3.3 

3.1 

3.7 

3.0 

2.8 

3.6 

4.1 

2.8 

2.4 

2.6 

3.6 

3.9 

2.9 

3.0 

2.9 

2.4 

2.7 

2.3 

1.8 

2.9 

2.5 

2.3 

2.9 

2.8 

3.1 

3.6 

4.0 

3.3 

3.6 

3.6 

3.0 

2.9 

3.4 

3.9 

3.5 

2.3 

3.3 

3.5 

3.5 

3.4 

2.6 

3.0 

2.3 

2.6 

2.4 

1.9 

2.9 

2.4 

2.3 

2.9 

2.9 

3.1 

3.6 

3.9 

3.2 

3.6 

3.6 

3.1 

2.9 

3.5 

3.8 

3.4 

2.5 

3.2 

3.5 

3.6 

3.4 

2.4 

2.9 

2.3 

2.6 

2.4 

1.9 

2.8 

2.4 

2.4 

2.8 

2.9 

3.1 

3.6 

4.0 

3.3 

3.6 

3.6 

3.0 

2.9 

3.4 

3.8 

3.4 

2.6 

3.2 

3.5 

3.6 

3.4 

2.5 

2.9 

2.3 

2.5 

2.2 

2.1 

2.8 

2.3 

2.5 

2.6 

2.9 

3.3 

3.5 

3.9 

3.4 

3.5 

3.6 

2.9 

2.9 

3.5 

3.7 

3.3 

2.8 

3.1 

3.5 

3.5 

3.2 

2.6 

2.9 

2.3 

2.7 

2.1 

2.2 

2.7 

2.3 

2.5 

2.8 

2.9 

3.2 

3.5 

3.9 

3.5 

3.6 

3.6 

2.7 

2.9 

3.5 

3.8 

3.2 

2.8 

3.2 

3.5 

3.6 

3.2 

2.8 

2.7 

2.3 

2.8 

2.1 

2.2 

2.7 

2.4 

2.6 

2.7 

2.9 

3.1 

3.7 

3.9 

3.4 

3.7 

3.5 

2.7 

2.9 

3.6 

3.8 

3.2 

2.8 

3.1 

3.5 

3.6 

3.3 

2.8 

2.6 

2.3 

2.7 

2.1 

2.4 

2.4 

2.1 

2.7 

2.7 

2.9 

3.1 

3.8 

3.8 

3.3 

3.8 

3.5 

2.6 

2.9 

3.7 

3.9 

2.8 

2.9 

3.2 

3.6 

3.7 

3.2 

3.0 

2.5 

2.3 

2.9 

1.9 

2.5 

2.6 

2.0 

2.8 

2.8 

3.0 

3.4 

3.8 

3.6 

3.4 

3.7 

3.5 

2.7 

3.0 

3.7 

3.7 

2.7 

3.0 

3.2 

3.5 

3.6 

3.2 

3.1 

2.4 

2.3 

2.9 

2.7 

1.8 

2.6 

2.8 

2.1 

2.8 

2.8 

2.9 

3.6 

4.0 

3.4 

3.5 

3.6 

3.3 

2.8 

3.2 

3.9 

3.5 

2.4 

3.1 

3.3 

3.5 

3.6 

3.1 

2.9 

2.4 

2.7 

2.4 

1.8 

2.9 

2.4 

2.3 

2.9 

2.8 

3.1 

3.5 

4.0 

3.3 

3.4 

3.6 

3.0 

2.9 

3.5 

3.9 

3.2 

2.4 

3.0 

3.5 

3.7 

3.2 

2.7 

2.9 

2.3 

2.6 

2.2 

2.1 

2.8 

2.3 

2.5 

2.7 

2.9 

3.2 

3.5 

3.9 

3.4 

3.6 

3.6 

2.9 

2.9 

3.5 

3.8 

3.3 

2.7 

3.2 

3.5 

3.6 

3.3 

2.6 

2.8 

2.3 

2.8 

2.0 

2.4 

2.6 

2.2 

2.7 

2.7 

2.9 

3.2 

3.8 

3.8 

3.4 

3.7 

3.5 

2.7 

2.9 

3.7 

3.8 

2.9 

2.9 

3.2 

3.5 

3.6 

3.2 

3.0 

2.5 

2.3 

2.8 

2.3 

2.0 

2.7 

2.4 

2.4 

2.8 

2.8 

3.1 

3.6 

3.9 

3.4 

3.6 

3.6 

3.0 

2.9 

3.5 

3.8 

3.3 

2.6 

3.1 

3.5 

3.6 

3.3 

2.8 

2.8 

2.3 

23. Index of spot market prices, raw industrial materials®2 

116.7 

124.2 

110.3 

93.2 

174.3 

123.3 

101.5 

91.0 

103.3 

110.4 

105.6 

93.0 

99.1 

103.9 

98.9 

100.2 

94.7 

98.1 

110.3 

122.4 

104.8 

99.1 

105.9 

119.5 

107.2 

113.0 

147.5 

232.0 

181.1 

186.6 

216.4 

219.9 

273.5 

322.5 

284.2 

261.0 

122.5 

119.2 

101.8 

92.9 

169.4 

118.4 

102.6 

92.3 

101.4 

110.7 

105.3 

92.2 

100.7 

102.0 

102.7 

100.0 

94.0 

98.5 

112.7 

123.0 

102.1 

99.7 

106.5 

118.7 

107.8 

117.2 

155.3 

237.2 

182.3 

193.2 

222.8 

219.8 

288.5 

316.9 

289.8 

254.5 

119.6 

120.7 

91.2 

94.0 

167.1 

115.0 

97.8 

95.7 

103.0 

111.2 

104.3 

89.8 

101.7 

103.4 

103.7 

97.9 

94.1 

102.0 

116.2 

121.0 

99.7 

97.9 

108.9 

118.2 

110.2 

119.5 

158.2 

238.4 

186.4 

200.9 

221.9 

220.3 

294.5 

301.9 

293.0 

247.4 

110.7 

119.9 

89.9 

98.2 

164.7 

113.3 

97.1 

96.7 

101.7 

107.3 

103.4 

90.2 

102.4 

103.7 

104.0 

97.4 

94.8 

100.5 

116.4 

117.8 

99.2 

95.7 

110.0 

117.5 

108.6 

124.3 

162.9 

226.2 

184.2 

202.7 

218.1 

217.8 

293.8 

278.5 

288.9 

245.5 

[1967 = 100] 

108.6 

121.3 

87.0 

101.8 

156.8 

110.4 

96.6 

97.4 

103 0 

104.4 

104.0 

91.7 

102.8 

102.3 

100.6 

95.0 

93.5 

101.0 

114.8 

117.9 

99.4 

95.2 

111.2 

114.8 

106.1 

123.8 

170.1 

227.5 

173.2 

205.2 

206.4 

222.1 

293.9 

267.5 

282.9 

232.2 

109.7 

121.1 

88.6 

112.8 

139.0 

108.9 

95.9 

96.3 

106.8 

104.9 

103.4 

94.3 

102.8 

101.2 

101.3 

93.8 

93.8 

102.1 

114.1 

118.3 

97.9 

94.0 

112.0 

112.4 

104.7 

123.7 

178.1 

228.2 

171.5 

214.1 

204.1 

224.7 

297.3 

277.6 

286.6 

237.0 

111.2 

121.9 

93.5 

127.7 

134.1 

108.4 

95.4 

95.9 

108.2 

107.8 

102.7 

96.0 

103.3 

101.7 

102.5 

94.1 

93.8 

105.3 

114.7 

111.3 

97.7 

94.5 

114.5 

111.2 

106.1 

124.6 

189.8 

224.2 

179.6 

209.6 

202.7 

232.6 

298.1 

292.1 

289.5 

236.2 

115.8 

120.2 

95.0 

142.7 

132.6 

108.8 

93.3 

97.3 

109.6 

109.8 

99.6 

95.9 

104.7 

100.8 

102.5 

93.6 

93.7 

107.8 

114.3 

108.5 

97.4 

95.7 

116.9 

110.5 

107.5 

124.8 

186.3 

214.7 

184.2 

206.2 

202.9 

239.1 

297.3 

298.3 

283.0 

239.0 

122.8 

118.0 

91.1 

148.1 

135.5 

105.7 

90.4 

99.0 

108.8 

109.0 

96.5 

98.9 

105.4 

99.3 

101.9 

94.5 

95.9 

111.6 

114.5 

105.9 

97.3 

97.1 

115.1 

109.5 

107.4 

128.1 

188.1 

204.4 

181.9 

201.6 

204.7 

249.4 

307.7 

300.8 

277.2 

235.5 

128.0 

121.3 

93.8 

158.8 

133.5 

105.7 

92.8 

99.5 

110.3 

111.9 

94.5 

101.4 

105.5 

98.1 

98.5 

96.0 

96.9 

112.7 

115.0 

105.5 

98.7 

99.9 

115.1 

108.8 

106.9 

131.6 

192.4 

196.4 

179.8 

201.0 

203.8 

254.8 

304.0 

304.7 

270.5 

230.4 

128.6 

119.4 

92.8 

164.0 

133.3 

104.8 

92.7 

99.3 

113.5 

112.0 

93.9 

99.9 

104.4 

96.4 

100.6 

95.4 

97.3 

112.1 

116.6 

105.4 

99.7 

100.3 

116.7 

106.4 

106.8 

134.8 

208.9 

183.4 

180.6 

203.2 

210.9 

251.8 

309.6 

298.4 

264.2 

227.4 

117.2 

124.2 

109.6 

93.4 

172.2 

124.0 

102.1 

91.6 

102.1 

111.1 

106.6 

92.7 

99.7 

103.7 

99.5 

100.9 

94.6 

98.2 

111.1 

121.8 

104.4 

99.4 

105.1 

119.0 

107.0 

113.6 

147.4 

228.4 

181.2 

187.8 

216.5 

219.8 

273.4 

318.5 

288.5 

259.6 

113.0 

120.6 

89.4 

98.0 

162.9 

112.9 

97.2 

96.6 

102.6 

107.6 

103.9 

90.6 

102.3 

103.1 

102.8 

96.8 

94.1 

101.2 

115.8 

118.9 

99.4 

96.3 

110.0 

116.8 

108.3 

122.5 

163.7 

230.7 

181.3 

202.9 

215.5 

220.1 

294.1 

282.6 

288.3 

241.7 

Average for period 

112.2 

121.1 

92.4 

127.7 

135.2 

108.7 

94.9 

96.5 

108.2 

107.5 

101.9 

95.4 

103.6 

101.2 

102.1 

93.8 

93.8 

105.1 

114.4 

112.7 

97.7 

94.7 

114.5 

111.4 

106.1 

124.4 

184.7 

222.4 

178.4 

210.0 

203.2 

232.1 

297.6 

289.3 

286.4 

237.4 

126.5 

119.6 

92.6 

157.0 

134.1 

105.4 

92.0 

99.3 

110.9 

111.0 

95.0 

100.1 

105.1 

97.9 

100.3 

95.3 

96.7 

112.1 

115.4 

105.6 

98.6 

99.1 

115.6 

108.2 

107.0 

131.5 

196.5 

194.7 

180.8 

201.9 

206.5 

252.0 

307.1 

301.3 

270.6 

231.1 

117.2 

121.4 

96.0 

119.0 

151.1 

112.8 

96.5 

96.0 

105.9 

109.3 

101.8 

94.7 

102.7 

101.5 

101.2 

96.7 

94.8 

104.2 

114.2 

114.8 

100.0 

97.4 

111.3 

113.9 

107.1 

123.0 

173.1 

219.0 

180.4 

200.7 

210.4 

231.0 

293.0 

298.0 

283.4 

242.5 

76 

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Year 

Monthly 

Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. JJL 

Quarterly 

IIQ HI Q IV Q Annual 

24. Manufacturers' new orders in current dollars, nondefense capital goods industries 

[Billions of dollars] Total for period 

1947 

1948 1.28 

1949 1.13 

1950 1.32 

1951 3.06 

1952 2.18 

1953 2.57 

1954 1.78 

1955 2.09 

1956 2.72 

1957 2.96 

1958 2.28 

1959 2.62 

1960 2.73 

1961 2.74 

1962 3.06 

1963 3.21 

1964 3.94 

1965 4.13 

1966 4.79 

1967 4.43 

1968 6.74 

1969 6.85 

1970 7.18 

1971 6.81 

1972 7.28 

1973 9.49 

1974 12.26 

1975 11.94 

1976 11.25 

1977 14.18 

1978 16.40 

1979 21.22 

1980 25.01 

1981 25.02 

1982 21.86 

1947 

1948 -0.33 

1949 -.99 

1950 58 

1951 5.41 

1952 59 

1953 1.73 

1954 -2.46 

1955 78 

1956 1.31 

1957 -.25 

1958 -2.39 

1959 73 

1960 -1.54 

1961 -.34 

1962 40 

1963 93 

1964 1.07 

1965 1.00 

1966 1.82 

1967 -.06 

1968 0 

1969 18 

1970 -.82 

1971 1.18 

1972 37 

1973 2.69 

1974 4.12 

1975 -2.64 

1976 -1.43 

1977 1.63 

1978 2.44 

1979 5.28 

1980 3.98 

1981 1.13 

1982 23 

1947 

1948 3.19 

1949 2.56 

1950 3.04 

1951 6.08 

1952 4.30 

1953 5.07 

1954 3.38 

1955 3.94 

1956 4.82 

1957 4.80 

1958 3.56 

1959 4.05 

1960 4.12 

1961 4.14 

1962 4.63 

1963 4.85 

1964 5.93 

1965 6.15 

1966 7.04 

1967 6.21 

1968 7.82 

1969 7.71 

1970 7.75 

1971 7.04 

1972 7.38 

1973 9.38 

1974 11.44 

1975 9.12 

1976 8.24 

1977 9.74 

1978 10.52 

1979 12.88 

1980 14.26 

1981 13.00 

1982 11.14 

1.43 

1.22 

1.42 

3.09 

2.25 

2.43 

1.86 

2.29 

2.55 

2.96 

2.16 

2.70 

2.83 

2.76 

3.27 

3.29 

3.52 

4.06 

5.25 

4.69 

6.71 

7.99 

7.09 

7.36 

8.05 

10.04 

12.51 

10.83 

11.62 

13.92 

17.94 

24.26 

23.68 

22.70 

22.41 

1.45 

1.21 

1.43 

2.92 

2.30 

2.29 

1.56 

2.62 

2.68 

2.83 

2.21 

3.06 

2.78 

2.76 

2.92 

3.34 

3.77 

4.40 

5.17 

4.73 

8.43 

7.44 

6.77 

7.38 

8.37 

10.40 

12.97 

10.30 

11.69 

13.95 

17.46 

25.77 

22.82 

23.99 

21.71 

1.62 

1.02 

1.49 

2.88 

2.22 

2.41 

1.65 

2.30 

2.82 

2.61 

2.25 

2.79 

2.90 

2.73 

3.20 

3.35 

3.72 

4.34 

5.33 

4.78 

7.27 

8.88 

6.28 

7.22 

8.19 

10.80 

12.61 

11.16 

12.37 

14.58 

18.51 

22.31 

23.92 

26.00 

22.81 

1.31 

1.08 

1.88 

2.74 

2.04 

2.30 

1.61 

2.31 

2.99 

2.63 

2.26 

2.92 

2.89 

2.66 

3.02 

3.49 

4.12 

4.23 

5.37 

4.88 

6.06 

7.64 

6.80 

7.21 

9.12 

10.96 

12.58 

10.83 

12.46 

14.87 

19.12 

22.70 

20.97 

24.56 

20.31 

1.57 

1.13 

1.81 

2.56 

2.23 

1.90 

1.65 

2.47 

3.02 

2.53 

2.28 

3.00 

2.87 

2.81 

2.97 

3.33 

4.23 

4.38 

5.31 

5.03 

5.93 

7.51 

6.35 

8.17 

7.94 

10.53 

12.42 

10.58 

12.49 

15.92 

18.83 

23.47 

22.40 

24.62 

19.93 

1.38 

1.06 

2.22 

2.46 

2.36 

2.09 

1.75 

2.43 

2.77 

2.52 

2.29 

3.03 

2.78 

2.94 

3.00 

3.36 

3.90 

4.46 

5.57 

5.13 

6.99 

7.42 

6.68 

6.68 

8.89 

11.00 

14.34 

11.36 

14.08 

14.71 

18.92 

22.19 

23.48 

24.16 

19.93 

1.36 

1.13 

2.81 

2.35 

2.07 

1.84 

1.74 

2.59 

2.84 

2.56 

2.46 

2.79 

2.78 

3.08 

2.99 

3.47 

3.94 

4.34 

5.20 

5.24 

6.65 

7.49 

6.36 

7.12 

8.30 

10.74 

13.39 

11.07 

12.86 

15.14 

20.18 

22.80 

21.88 

24.74 

18.74 

1.38 

1.26 

2.64 

2.11 

2.20 

1.88 

1.94 

2.57 

2.84 

2.42 

2.56 

3.04 

2.75 

2.91 

3.06 

3.53 

3.92 

4.50 

5.46 

4.99 

6.37 

8.56 

6.62 

8.02 

9.33 

11.15 

13.42 

10.85 

13.36 

16.31 

21.20 

23.44 

23.46 

24.36 

20.22 

1.39 

1.19 

2.40 

2.40 

2.19 

1.80 

1.93 

2.64 

2.88 

2.36 

2.48 

2.93 

2.69 

2.94 

3.11 

3.54 

4.01 

4.63 

5.36 

5.04 

7.68 

7.29 

6.20 

7.26 

9.01 

12.04 

12.00 

11.07 

13.94 

16.50 

22.65 

22.89 

22.90 

22.66 

20.13 

1.40 

1.25 

2.37 

2.38 

1.97 

1.78 

1.83 

2.77 

3.21 

2.33 

2.58 

2.74 

2.60 

3.04 

3.34 

3.45 

4.06 

4.72 

5.15 

5.12 

6.73 

7.66 

6.79 

7.77 

9.35 

12.31 

11.88 

11.45 

13.31 

16.52 

22.30 

24.08 

23.66 

24.30 

19.98 

1.43 

1.20 

2.68 

2.37 

2.19 

1.76 

1.95 

2.87 

3.07 

2.16 

2.47 

2.96 

2.86 

2.88 

3.15 

3.61 

4.15 

5.05 

5.19 

5.40 

7.27 

7.20 

7.48 

8.15 

9.56 

12.11 

11.61 

10.72 

14.10 

17.16 

19.99 

23.86 

24.44 

21.05 

19.68 

4.16 

3.56 

4.17 

9.07 

6.73 

7.29 

5.20 

7.00 

7.95 

8.75 

6.65 

8.38 

8.34 

8.26 

9.25 

9.84 

11.23 

12.59 

15.21 

13.85 

21.88 

22.28 

21.04 

21.55 

23.70 

29.93 

37.74 

33.07 

34.56 

42.05 

51.80 

71.25 

71.51 

71.71 

65.98 

4.50 

3.23 

5.18 

8.18 

6.49 

6.61 

4.91 

7.08 

8.83 

7.77 

6.79 

8.71 

8.66 

8.20 

9.19 

10.17 

12.07 

12.95 

16.01 

14.69 

19.26 

24.03 

19.43 

22.60 

25.25 

32.29 

37.61 

32.57 

37.32 

45.37 

56.46 

68.48 

67.29 

75.18 

63.05 

4.12 

3.45 

7.67 

6.92 

6.63 

5.81 

5.43 

7.59 

8.45 

7.50 

7.31 

8.86 

8.31 

8.93 

9.05 

10.36 

11.76 

13.30 

16.23 

15.36 

20.01 

23.47 

19.66 

21.82 

26.52 

32.89 

41.15 

33.28 

40.30 

46.16 

60.30 

68.43 

68.82 

73.26 

58.89 

4.22 

3.64 

7.45 

7.15 

6.35 

5.34 

5.71 

8.28 

9.16 

6.85 

7.53 

8.63 

8.15 

8.86 

9.60 

10.60 

12.22 

14.40 

15.70 

15.56 

21.68 

22.15 

20.47 

23.18 

27.92 

36.46 

35.49 

33.24 

41.35 

50.18 

64.94 

70.83 

71.00 

68.01 

59.79 

17.00 

13.88 

24.47 

31.32 

26.20 

25.05 

21.25 

29.95 

34.39 

30.87 

28.28 

34.58 

33.46 

34.25 

37.09 

40.97 

47.28 

53.24 

63.15 

59.46 

82.83 

91.93 

80.60 

89.15 

103.39 

131.57 

151.99 

132.16 

153.53 

183.76 

233.50 

278.99 

278.62 

288.16 

247.71 

25. Change in manufacturers' unfiled orders, durable goods industries 

[Biions of dolars] Average for period 

-0.16 

-.30 

-.85 

.36 

3.72 

-.01 

.42 

-1.69 

.62 

.23 

-.02 

-1.12 

1.45 

-.86 

.17 

.62 

1.04 

.71 

1.18 

1.84 

.28 

.26 

.66 

-1.07 

.88 

.67 

3.10 

3.91 

-2.73 

-.15 

.58 

3.12 

7.49 

3.01 

.93 

-1.17 

-0.17 

-.14 

-.96 

.41 

3.91 

1.97 

-.80 

-2.49 

1.19 

.41 

-.87 

-.51 

.89 

-1.24 

-.31 

-.48 

1.36 

.78 

.84 

2.43 

-.43 

1.60 

.75 

-.89 

-.02 

.43 

4.27 

3.19 

-3.31 

1.00 

.38 

4.52 

6.71 

1.14 

-.30 

-.55 

-0.42 

.01 

-1.30 

.46 

3.31 

2.18 

-.52 

-1.83 

.36 

1.22 

.52 

-1.07 

.18 

-.78 

.60 

1.76 

.16 

.32 

2.32 

-1.27 

-.55 

.35 

3.67 

3.12 

-2.68 

.94 

1.62 

3.89 

5.18 

.24 

1.92 

-1.07 

-0.35 

-.34 

-1.10 

.43 

2.42 

.21 

-.09 

-1.79 

.34 

.55 

-.64 

-.34 

-.40 

-.61 

.16 

-.39 

.84 

1.13 

.88 

1.51 

1.06 

-.35 

1.08 

-.89 

-1.27 

1.04 

3.65 

5.12 

-1.79 

.66 

1.31 

5.24 

2.62 

-2.55 

2.37 

-3.33 

-0.40 

.73 

-1.24 

.77 

2.60 

2.72 

-.53 

-1.67 

.56 

.26 

-1.25 

.22 

.24 

-.26 

.09 

-.16 

-.14 

1.21 

.92 

2.14 

1.57 

-.14 

-.02 

-.82 

-1.38 

.99 

3.06 

3.88 

-2.24 

.70 

2.36 

4.55 

4.70 

-.03 

.86 

-3.04 

-0.76 

.36 

-.88 

2.33 

2.25 

1.80 

-2.18 

-1.19 

.81 

1.48 

-1.73 

.14 

-.03 

-.43 

.41 

.03 

0 

1.59 

.79 

1.78 

.63 

-1.19 

-.04 

-1.00 

-.76 

.63 

2.04 

4.34 

.03 

1.71 

.95 

3.39 

.92 

3.35 

.84 

-3.29 

-0.50 

.21 

-.41 

3.91 

.97 

.65 

-2.25 

-1.00 

.65 

1.90 

-1.70 

0 

.11 

.45 

.43 

-.42 

.11 

.61 

.75 

1.08 

.36 

.74 

-.25 

-1.39 

-.05 

.74 

2.87 

5.61 

-.80 

-.44 

1.74 

4.68 

.68 

1.79 

-.32 

-4.28 

-0.01 

-.27 

-.30 

2.18 

.80 

.85 

-3.49 

.30 

1.18 

.12 

-1.41 

-.26 

1.16 

.32 

.15 

.55 

.59 

1.15 

1.42 

2.38 

.31 

1.18 

.78 

-.68 

.95 

2.39 

3.13 

2.86 

-.89 

1.00 

2.01 

5.02 

2.51 

2.81 

-.67 

-4.07 

-0.49 

-.44 

.34 

1.97 

1.32 

-.56 

-2.54 

1.31 

1.47 

-.16 

-1.91 

.10 

.81 

-.83 

.04 

.48 

.06 

1.19 

1.31 

.73 

1.01 

1.50 

-.11 

-1.32 

.32 

1.21 

3.56 

-1.03 

-1.54 

1.58 

3.47 

7.64 

1.29 

2.53 

-3.33 

-1.74 

-0.04 

-.61 

.43 

1.12 

.81 

-.65 

-1.85 

-.82 

1.16 

.25 

-1.45 

.78 

-.02 

-.40 

.33 

.13 

.21 

.88 

1.33 

.47 

.46 

.44 

.02 

-.19 

.72 

1.50 

4.18 

-.84 

-.13 

1.00 

2.59 

6.67 

2.24 

1.43 

-1.84 

-1.94 

.26 

1.29 

.45 

-.48 

-1.94 

-.06 

1.87 

.07 

-1.44 

-.08 

-.57 

-.30 

.57 

1.54 

-.16 

1.02 

1.45 

.31 

1.08 

1.00 

-.06 

.66 

.53 

2.28 

2.93 

-2.60 

-.93 

1.69 

4.37 

4.01 

2.25 

3.27 

-3.43 

2.68 

-0.26 

-.93 

.45 

4.35 

.85 

.45 

-2.21 

.86 

.65 

-.38 

-1.34 

1.02 

-1.21 

-.16 

.18 

1.11 

.85 

1.01 

2.03 

-.07 

.62 

.53 

-.93 

.68 

.49 

3.35 

3.74 

-2.89 

3.36 

6.49 

2.71 

.59 

-.50 

-0.39 

.13 

-1.21 

.55 

2.78 

1.70 

-.38 

-1.76 

.42 

.68 

-.92 

-.32 

.12 

-.65 

.14 

-.44 

.43 

1.06 

.90 

1.80 

.93 

-.06 

1.13 

-.99 

-1.07 

.79 

3.46 

4.04 

-2.24 

.77 

1.76 

4.56 

4.17 

-.78 

1.72 

-2.48 

-0.42 

.10 

-.53 

2.81 

1.34 

1.10 

-2.64 

-.63 

.88 

1.17 

-1.61 

-.04 

.41 

.11 

.33 

.05 

.23 

1.12 

.99 

1.75 

.43 

.24 

.16 

-1.02 

.05 

1.25 

2.68 

4.27 

-.55 

.76 

1.57 

4.36 

1.37 

2.65 

-.05 

-3.88 

-0.16 

-.64 

.34 

1.46 

.86 

-.56 

-2.11 

.14 

1.50 

.05 

-1.60 

.27 

.07 

-.51 

.31 

.72 

.04 

1.03 

1.36 

.50 

.85 

.98 

-.05 

-.28 

.52 

1.66 

3.56 

-1.49 

-.87 

1.42 

3.48 

6.11 

1.93 

2.41 

-2.87 

-.33 

-0.16 

-.58 

1.32 

2.33 

.77 

-1.17 

-1.12 

.92 

.64 

-1.13 

-.36 

.41 

-.56 

.16 

.13 

.45 

1.02 

1.06 

1.52 

.54 

.45 

.44 

-.81 

.05 

1.05 

3.26 

2.64 

-1.64 

.69 

1.92 

4.60 

3.49 

1.75 

-.15 

-1.80 

27. Manufacturers' new orders in 1972 dolars, nondefense capital goods industries 

[mom of dolars] 

3.57 

2.77 

3.27 

6.13 

4.43 

4.79 

3.53 

4.31 

4.48 

4.77 

3.37 

4.17 

4.26 

4.16 

4.95 

4.99 

5.28 

6.04 

7.68 

6.56 

7.76 

8.98 

7.62 

7.56 

8.13 

9.88 

11.60 

8.26 

8.54 

9.56 

11.56 

14.72 

13.07 

11.92 

11.45 

3.58 

2.74 

3.27 

5.78 

4.51 

4.50 

2.95 

4.90 

4.70 

4.54 

3.45 

4.71 

4.20 

4.16 

4.41 

5.07 

5.66 

6.55 

7.54 

6.61 

9.74 

8.34 

7.27 

7.52 

8.45 

10.17 

11.76 

7.82 

8.35 

9.54 

11.23 

16.48 

12.36 

12.33 

11.30 

3.98 

2.30 

3.40 

5.68 

4.36 

4.70 

3.11 

4.30 

4.88 

4.18 

3.49 

4.28 

4.36 

4.13 

4.82 

5.08 

5.56 

6.46 

7.74 

6.68 

8.36 

9.93 

6.71 

7.40 

8.25 

10.44 

11.39 

8.40 

9.08 

9.94 

11.87 

13.25 

12.81 

13.16 

12.59 

3.22 

2.45 

4.29 

5.40 

4.00 

4.45 

3.05 

4.32 

5.12 

4.20 

3.51 

4.47 

4.36 

4.03 

4.55 

5.28 

6.17 

6.28 

7.76 

6.81 

6.94 

8.54 

7.23 

7.38 

9.17 

10.61 

11.10 

8.18 

8.94 

10.14 

12.29 

13.23 

11.47 

12.52 

10.23 

3.82 

2.58 

4.11 

5.04 

4.40 

3.64 

3.12 

4.59 

5.15 

4.04 

3.54 

4.56 

4.34 

4.25 

4.49 

5.02 

6.34 

6.48 

7.64 

7.01 

6.78 

8.36 

6.74 

8.35 

7.94 

10.21 

10.73 

7.95 

8.87 

10.71 

11.89 

13.80 

12.74 

12.58 

9.86 

3.32 

2.41 

4.97 

4.84 

4.66 

3.99 

3.32 

4.49 

4.73 

4.01 

3.56 

4.58 

4.20 

4.45 

4.53 

5.06 

5.83 

6.60 

7.99 

7.14 

7.97 

8.21 

7.02 

6.83 

8.89 

10.64 

12.10 

8.46 

10.01 

9.92 

11.98 

12.74 

13.75 

12.00 

9.84 

3.19 

2.58 

6.15 

4.64 

4.08 

3.51 

3.30 

4.74 

4.80 

4.05 

3.82 

4.22 

4.20 

4.67 

4.52 

5.23 

5.89 

6.42 

7.44 

7.28 

7.57 

8.28 

6.70 

7.22 

8.28 

10.41 

11.09 

8.29 

9.14 

10.24 

12.72 

12.86 

11.92 

12.77 

9.47 

3.19 

2.89 

5.69 

4.15 

4.34 

3.58 

3.69 

4.63 

4.73 

3.80 

3.99 

4.59 

4.16 

4.41 

4.63 

5.31 

5.86 

6.64 

7.79 

6.93 

7.22 

9.38 

6.95 

8.16 

9.26 

10.77 

10.91 

8.08 

9.36 

10.78 

13.24 

13.20 

12.82 

12.70 

10.36 

3.18 

2.74 

5.07 

4.72 

4.34 

3.42 

3.67 

4.74 

4.76 

3.69 

3.86 

4.43 

4.07 

4.45 

4.69 

5.33 

6.00 

6.84 

7.60 

6.98 

8.68 

7.99 

6.46 

7.38 

8.95 

11.55 

9.63 

8.15 

9.76 

10.91 

14.06 

13.07 

12.11 

11.68 

10.53 

3.20 

2.88 

4.96 

4.68 

3.89 

3.38 

3.47 

4.94 

5.25 

3.64 

4.00 

4.14 

3.94 

4.60 

5.05 

5.19 

6.06 

6.96 

7.27 

7.06 

7.59 

8.36 

7.05 

7.90 

9.26 

11.76 

9.38 

8.35 

9.25 

10.73 

13.59 

14.08 

12.66 

12.96 

9.94 

3.24 

2.77 

5.41 

4.66 

4.32 

3.33 

3.69 

5.09 

5.00 

3.38 

3.82 

4.47 

4.34 

4.37 

4.76 

5.41 

6.20 

7.44 

7.30 

7.41 

8.20 

7.80 

7.73 

8.28 

9.39 

11.46 

9.03 

7.86 

9.81 

11.10 

12.07 

13.49 

13.28 

10.92 

10.75 

10.34 

8.07 

9.58 

17.99 

13.24 

14.36 

9.86 

13.15 

14.00 

14.11 

10.38 

12.93 

12.58 

12.46 

13.99 

14.91 

16.87 

18.74 

22.26 

19.38 

25.32 

25.03 

22.64 

22.12 

23.96 

29.43 

34.80 

25.20 

25.13 

28.84 

33.31 

44.08 

39.69 

37.25 

33.89 

11.02 

7.33 

11.80 

16.12 

12.76 

12.79 

9.28 

13.21 

15.15 

12.42 

10.54 

13.31 

13.06 

12.41 

13.86 

15.38 

18.07 

19.22 

23.14 

20.50 

22.08 

26.83 

20.68 

23.13 

25.36 

31.26 

33.22 

24.53 

26.89 

30.79 

36.05 

40.28 

37.02 

38.26 

32.68 

Total for period 

"Hi 

7.88 

16.81 

13.63 

13.08 

11.08 

10.31 

13.86 

14.26 

11.86 

11.37 

13.39 

12.56 

13.53 

13.68 

15.60 

17.58 

19.66 

23.22 

21.35 

22.76 

25.87 

20.67 

22.21 

26.43 

31.82 

34.10 

24.83 

28.51 

30.94 

37.94 

38.80 

38.49 

37.47 

29.67 

9.62 

8.39 

15.44 

14.06 

12.55 

10.13 

10.83 

14.77 

15.01 

10.71 

11.68 

13.04 

12.35 

13.42 

14.50 

15.93 

18.26 

21.24 

22.17 

21.45 

24.47 

24.15 

21.24 

23.56 

27.60 

34.77 

28.04 

24.36 

28.82 

32.74 

39.72 

40.64 

38.05 

35.56 

31.22 

40.68 

31.67 

53.63 

61.80 

51.63 

48.36 

40.28 

54.99 

58.42 

49.10 

43.97 

52.67 

50.55 

51.82 

56.03 

61.82 

70.78 

78.86 

90.79 

82.68 

94.63 

101.88 

85.23 

91.02 

103.35 

127.28 

130.16 

98.92 

109.35 

123.31 

147.02 

163.80 

153.25 

148.54 

127.46 

See footnotes at end of this part. 77 

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Year 

1947 

1948 

1949 

1950 

1951 

1952 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

1947 

1948 

1949 

1950 

1951 

1952 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

1947 

1948 

1949 

1950 

1951 

1952 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

Jan. 

1,052 

1,385 

1,196 

1,883 

1,928 

1,388 

1,484 

1,358 

1,757 

1,441 

1,151 

1,170 

1,657 

1,460 

1,183 

1,361 

1,244 

1,603 

1,361 

1,370 

1,067 

1,380 

1,769 

1,085 

1,828 

2,494 

2,481 

1,451 

1,032 

1,367 

1,527 

1,718 

1,630 

1,341 

1,588 

877 

80.1 

109.4 

80.4 

157.4 

146.3 

99.6 

104.9 

101.9 

136.4 

109.8 

86.5 

91.5 

114.7 

102.7 

91.2 

105.5 

113.0 

117.4 

114.5 

120.0 

87.2 

103.3 

127.9 

93.1 

144.0 

192.9 

195.7 

114.7 

62.6 

103.0 

124.6 

140.5 

118.0 

103.4 

98.6 

64.6 

9.6 

1.9 

29.2 

5.7 

19.6 

-4.7 

4.5 

9.1 

6.6 

-16.5 

.5 

9.5 

-3.5 

7.0 

2.2 

6.5 

Feb. 

1,074 

1,200 

1,137 

1,834 

1,638 

1,516 

1,460 

1,417 

1,664 

1,444 

1,168 

1,107 

1,667 

1,503 

1,226 

1,278 

1,456 

1,820 

1,433 

1,378 

1,123 

1,520 

1,705 

1,305 

1,741 

2,390 

2,289 

1,752 

904 

1,538 

1,943 

1,738 

1,520 

1,350 

1,279 

911 

85.8 

100.4 

81.9 

159.2 

114.8 

115.3 

110.7 

100.4 

151.0 

106.8 

90.9 

.78.7 

119.6 

102.3 

90.4 

112.3 

109.7 

130.6 

107.3 

104.9 

79.5 

117.6 

131.0 

98.0 

139.2 

186.9 

191.8 

117.2 

62.8 

102.6 

134.5 

140.2 

120.5 

96.8 

96.8 

66.2 

8.6 

.3 

-.3 

17.8 

-1.1 

2.2 

-3.5 

3.2 

12.7 

2.4 

2.9 

3.7 

12.5 

-2.6 

7.0 

3.7 

4.5 

Mar. 

1,032 

1,379 

1,171 

1,976 

1,481 

1,483 

1,506 

1,411 

1,684 

1,401 

1,173 

1,108 

1,620 

1,109 

1,312 

1,443 

1,534 

1,517 

1,423 

1,394 

1,056 

1,466 

1,561 

1,319 

1,910 

2,334 

2,365 

1,555 

993 

1,421 

2,063 

2,032 

1,847 

1,047 

1,305 

920 

Apr. 

1,039 

1,501 

1,292 

1,945 

1,352 

1,412 

1,498 

1,433 

1,708 

1,408 

1,147 

1,154 

1,590 

1,289 

1,166 

1,524 

1,689 

1,448 

1,438 

1,352 

1,091 

1,554 

1,524 

1,264 

1,986 

2,249 

2,084 

1,607 

1,005 

1,395 

1,892 

2,197 

1,748 

1,051 

1,332 

911 

29. Index of new 

83.9 

104.0 

86.8 

159.1 

104.5 

105.5 

111.6 

105.8 

129.3 

109.8 

91.7 

87.2 

125.0 

89.8 

94.0 

106.7 

113.9 

118.8 

109.6 

111.8 

83.7 

120.0 

126.0 

99.2 

154.2 

181.4 

177.7 

124.1 

61.1 

100.3 

143.1 

145.3 

138.9 

79.8 

95.6 

71.3 

7.1 

-3.1 

5.3 

18.4 

-.2 

5.4 

-3.8 

7.6 

5.1 

1.9 

-5.7 

5.3 

9.2 

-6.4 

7.8 

2.7 

5.1 

77.5 

116.5 

96.6 

161.9 

96.9 

103.5 

106.2 

106.9 

132.9 

109.5 

86.7 

91.9 

119.4 

95.6 

94.2 

116.2 

116.6 

114.5 

105.2 

103.7 

90.8 

112.8 

126.3 

107.3 

153.0 

184.3 

164.5 

108.1 

74.6 

97.6 

143.1 

157.4 

129.0 

65.3 

96.1 

71.1 

31. Change 

4.5 

-7.8 

3.6 

16.6 

-2.2 

8.7 

-4.6 

.8 

13.1 

3.7 

-9.5 

14.2 

.2 

.1 

1.8 

1.2 

6.9 

May 

Monthly 

June July 

28. New private housinf units started 

[Annua) rate, thousands] 

1,090 

1,450 

1,319 

2,052 

1,359 

1,408 

1,425 

1,412 

1,730 

1,375 

1,174 

1,191 

1,498 

1,271 

1,228 

1,483 

1,641 

1,467 

1,478 

1,265 

1,304 

1,408 

1,583 

1,290 

2,049 

2,221 

2,266 

1,426 

1,121 

1,459 

1,971 

2,075 

1,876 

927 

1,150 

1,028 

1,174 

1,441 

1,341 

2,042 

1,419 

1,353 

1,380 

1,498 

1,704 

1,325 

1,175 

1,236 

1,503 

1,247 

1,382 

1,404 

1,588 

1,550 

1,488 

1,194 

1,248 

1,405 

1,528 

1,385 

2,026 

2,254 

2,067 

1,513 

1,087 

1,495 

1,893 

2,070 

1,913 

1,196 

1,047 

910 

1,252 

1,419 

1,384 

2,051 

1,257 

1,438 

1,346 

1,559 

1,632 

1,289 

1,191 

1,337 

1,547 

1,197 

1,335 

1,450 

1,614 

1,562 

1,529 

1,086 

1,364 

1,512 

1,368 

1,517 

2,083 

2,252 

2,123 

1,316 

1,226 

1,401 

2,058 

2,092 

1,760 

1,269 

1,035 

1,185 

Aug. 

1,355 

1,329 

1,500 

2,121 

1,334 

1,443 

1,324 

1,563 

1,625 

1,313 

1,193 

1,374 

1,430 

1,344 

1,312 

1,517 

1,639 

1,569 

1,432 

1,119 

1,407 

1,495 

1,358 

1,399 

2,158 

2,382 

2,051 

1,142 

1,260 

1,550 

2,020 

1,996 

1,778 

1,436 

949 

1,046 

private housing units authorized by local buMhg permits 

80.5 

106.7 

104.2 

161.3 

99.3 

101.2 

106.4 

108.8 

133.6 

101.9 

90.5 

96.2 

117.4 

98.9 

96.6 

107.4 

122.2 

117.6 

109.3 

97.7 

94.3 

113.7 

116.5 

116.5 

172.9 

178.1 

166.4 

98.1 

78.8 

102.9 

143.8 

142.6 

136.0 

69.5 

94.7 

76.8 

[1967=100] 

91.6 

103.1 

106.4 

160.7 

96.9 

101.6 

103.5 

116.9 

126.2 

100.1 

92.5 

102.7 

115.5 

90.1 

100.6 

108.5 

121.8 

115.8 

112.4 

86.6 

102.5 

114.0 

118.3 

115.8 

166.8 

188.1 

176.7 

93.6 

81.5 

102.4 

151.0 

160.2 

132.5 

90.3 

78.8 

74.6 

96.6 

102.2 

110.2 

182.8 

92.9 

107.9 

99.9 

119.9 

126.7 

99.4 

86.2 

111.9 

112.6 

93.9 

101.9 

111.9 

119.6 

118.1 

112.0 

84.4 

103.2 

117.9 

112.0 

116.1 

181.3 

189.2 

156.8 

86.3 

87.9 

107.3 

145.4 

144.3 

123.9 

101.7 

75.5 

86.0 

108.1 

94.8 

112.3 

158.2 

94.8 

107.6 

98.4 

118.9 

122.2 

97.0 

92.1 

111.7 

113.7 

93.5 

109.0 

112.8 

118.6 

118.3 

113.1 

79.4 

107.8 

118.9 

115.4 

122.2 

175.7 

195.1 

155.9 

79.0 

85.7 

112.8 

153.4 

136.6 

128.5 

110.4 

71.8 

75.0 

in manufacturing and trade inventories, book value 

[Annual rate, bSons of dolars] 

2.0 

-6.5 

8.3 

14.5 

-4.5 

3.9 

-3.8 

6.0 

8.0 

-.1 

-6.8 

6.1 

6.8 

.9 

9.0 

5.4 

4.7 

9.0 

-5.5 

7.3 

9.4 

2.2 

5.7 

-4.6 

8.0 

6.4 

.9 

-1.7 

10.8 

2.5 

-1.1 

5.9 

5.6 

5.6 

11.4 

-4.4 

-3.2 

5.4 

-3.0 

9.5 

-4.2 

6.6 

5.7 

3.0 

-2.4 

8.4 

4.5 

2.4 

4.6 

5.3 

2.7 

5.1 

-2.9 

21.9 

5.2 

-1.0 

2.8 

-5.4 

8.9 

5.4 

7.0 

-1.8 

1.9 

-2.1 

5.4 

5.8 

5.8 

4.7 

Sept. 

1,532 

1,303 

1,603 

1,821 

1,456 

1,483 

1,348 

1,618 

1,580 

1,234 

1,191 

1,451 

1,540 

1,097 

1,429 

1,324 

1,763 

1,455 

1,482 

1,046 

1,421 

1,556 

1,507 

1,534 

2,041 

2,481 

1,874 

1,150 

1,264 

1,720 

1,949 

1,970 

1,832 

1,471 

900 

1,134 

111.2 

84.8 

136.2 

133.7 

122.2 

115.5 

94.6 

121.9 

120.4 

94.5 

92.4 

114.5 

109.5 

92.6 

103.2 

114.9 

127.9 

114.5 

111.1 

70.2 

112.1 

128.4 

110.7 

125.0 

175.0 

206.2 

146.8 

72.4 

91.7 

127.6 

144.3 

141.4 

132.3 

119.9 

68.4 

83.1 

5.2 

1.0 

17.8 

.1 

10.8 

2.6 

-.9 

5.0 

8.0 

5.6 

4.3 

-4.8 

1.9 

4.9 

8.7 

6.7 

13.9 

Oct. 

1,571 

1,190 

1,662 

1,605 

1,386 

1,513 

1,342 

1,610 

1,490 

1,266 

1,204 

1,472 

1,355 

1,246 

1,415 

1,533 

1,779 

1,524 

1,452 

843 

1,491 

1,569 

1,381 

1,580 

2,128 

2,485 

1,677 

1,070 

1,344 

1,629 

2,042 

1,981 

1,681 

1,523 

866 

1,142 

118.2 

89.4 

135.6 

126.2 

93.2 

116.8 

99.6 

126.2 

117.9 

93.1 

91.1 

118.2 

105.3 

91.4 

105.6 

111.1 

128.1 

111.5 

115.8 

66.9 

112.2 

124.6 

106.6 

137.2 

177.5 

202.9 

121.6 

71.0 

94.4 

122.8 

151.5 

143.9 

119.6 

110.3 

59.0 

93.2 

5.0 

-4.0 

20.0 

2.8 

9.3 

-5.0 

-3.8 

11.3 

5.0 

-8.6 

3.8 

3.5 

-1.0 

1.9 

6.2 

9.1 

-.2 

Nov. 

1,557 

1,196 

1,785 

1,561 

1,324 

1,475 

1,383 

1,730 

1,434 

1,212 

1,162 

1,593 

1,416 

1,246 

1,385 

1,622 

1,622 

1,486 

1,460 

961 

1,538 

1,630 

1,229 

1,647 

2,182 

2,421 

1,724 

1,026 

1,360 

1,641 

2,042 

2,094 

1,524 

1,510 

839 

1,361 

117.5 

86.2 

141.9 

123.6 

90.9 

117.2 

100.1 

135.9 

107.5 

93.7 

88.5 

134.1 

100.7 

92.1 

108.3 

116.2 

122.9 

113.5 

118.3 

66.6 

113.7 

125.8 

104.4 

131.7 

182.2 

192.6 

120.8 

67.4 

95.6 

132.0 

152.7 

145.0 

103.1 

111.7 

60.4 

99.1 

3.0 

-5.5 

24.0 

2.5 

5.8 

-7.1 

4.2 

7.0 

10.7 

-2.1 

3.5 

-1.1 

.6 

7.3 

.5 

4.9 

9.0 

Dec. 1 

1,447 

1,218 

1,824 

1,900 

1,330 

1,476 

1,343 

1,807 

1,431 

1,184 

1,146 

1,598 

1,601 

1,063 

1,365 

1,564 

1,491 

1,484 

1,656 

990 

1,308 

1,548 

1,327 

1,893 

2,295 

2,366 

1,526 

975 

1,321 

1,804 

2,142 

2,044 

1,498 

1,482 

906 

1,280 

117.4 

82.8 

146.6 

158.6 

94.1 

108.3 

102.4 

132.1 

107.0 

92.8 

89.3 

115.8 

108.2 

89.3 

109.2 

116.2 

128.8 

105.3 

119.1 

67.2 

115.3 

121.8 

101.3 

154.8 

186.9 

208.5 

111.0 

74.9 

94.0 

130.2 

151.2 

146.8 

101.3 

100.9 

64.3 

107.1 

-0.9 

-7.2 

17.4 

3.2 

3.7 

-3.4 

-.3 

7.3 

4.4 

.8 

6.5 

11.9 

-13.6 

1.2 

1.3 

.5 

8.9 

IQ 

1,053 

1,321 

1,168 

1,898 

1,682 

1,462 

1,483 

1,395 

1,702 

1,429 

1,164 

1,128 

1,648 

1,357 

1,240 

1,361 

1,411 

1,647 

1,406 

1,381 

1,082 

1,455 

1,678 

1,236 

1,826 

2,406 

2,378 

1,586 

976 

1,442 

1,844 

1,829 

1,666 

1,246 

1,391 

903 

83.3 

104.6 

83.0 

158.6 

121.9 

106.8 

109.1 

102.7 

138.9 

108.8 

89.7 

85.8 

119.8 

98.3 

91.9 

108.2 

112.2 

122.3 

110.5 

112.2 

83.5 

113.6 

128.3 

96.8 

145.8 

187.1 

188.4 

118.7 

62.2 

102.0 

134.1 

142.0 

125.8 

93.3 

97.0 

67.4 

2.3 

2.3 

21.8 

1.5 

9.1 

-4.0 

5.1 

9.0 

3.6 

-6.4 

3.2 

10.4 

-4.2 

7.3 

2.9 

5.4 

Quarterly 

IIQ 

1,101 

1,464 

1,317 

2,013 

1,377 

1,391 

1,434 

1,448 

1,714 

1,369 

1,165 

1,194 

1,530 

1,269 

1,259 

1,470 

1,639 

1,488 

1,468 

1,270 

1,214 

1,456 

1,545 

1,313 

2,020 

2,241 

2,139 

1,515 

1,071 

1,450 

1,919 

2,114 

1,846 

1,058 

1,176 

950 

83.2 

108.8 

102.4 

161.3 

97.7 

102.1 

105.4 

110.9 

130.9 

103.8 

89.9 

96.9 

117.4 

94.9 

97.1 

110.7 

120.2 

116.0 

109.0 

96.0 

95.9 

113.5 

120.4 

113.2 

164.2 

183.5 

169.2 

99.9 

78.3 

101.0 

146.0 

153.4 

132.5 

75.0 

89.9 

74.2 

5.2 

-6.6 

6.4 

13.5 

-1.5 

6.1 

-4.3 

4.9 

9.2 

1.5 

-6.0 

10.4 

3.2 

0 

5.6 

4.1 

5.7 

1110 IV Q 

Average for period 

1,380 

1,350 

1,4% 

1,998 

1,349 

1,455 

1,339 

1,580 

1,612 

1,279 

1,192 

1,387 

1,506 

1,213 

1,359 

1,430 

1,672 

1,529 

1,481 

1,084 

1,397 

1,521 

1,411 

1,483 

2,094 

2,372 

2,016 

1,203 

1,250 

1,557 

2,009 

2,019 

1,790 

1,392 

961 

1,122 

1,525 

1,201 

1,757 

1,689 

1,347 

1,488 

1,356 

1,716 

1,452 

1,221 

1,171 

1,554 

1,457 

1,185 

1,388 

1,573 

1,631 

1,498 

1,523 

931 

1,446 

1,582 

1,312 

1,707 

2,202 

2,424 

1,642 

1,024 

1,342 

1,691 

2,075 

2,040 

1,568 

1,505 

870 

1,261 

Average for period 

105.3 

93.9 

119.6 

158.2 

103.3 

110.3 

97.6 

120.2 

123.1 

97.0 

90.2 

112.7 

111.9 

93.3 

104.7 

113.2 

122.0 

117.0 

112.1 

78.0 

107.7 

121.7 

112.7 

121.1 

177.3 

196.8 

153.2 

79.2 

88.4 

115.9 

147.7 

140.8 

128.2 

110.7 

71.9 

81.4 

117.7 

86.1 

141.4 

136.1 

92.7 

114.1 

100.7 

131.4 

110.8 

93.2 

89.6 

122.7 

104.7 

90.9 

107.7 

114.5 

126.6 

110.1 

117.7 

66.9 

113.7 

124.1 

104.1 

141.2 

182.2 

201.3 

117.8 

71.1 

94.7 

128.3 

151.8 

145.2 

108.0 

107.6 

61.2 

99.8 

Average for period 

7.2 

-2.1 

12.2 

3.6 

2.3 

5.0 

-3.5 

6.8 

6.4 

5.2 

0 

1.8 

1.4 

4.2 

6.4 

5.9 

7.1 

2.4 

-5.6 

20.5 

2.8 

6.3 

-5.2 

0 

8.5 

6.7 

-3.3 

4.6 

4.8 

-4.7 

3.5 

2.7 

4.8 

5.9 

Annual 

1,265 

1,344 

1,430 

1,908 

1,420 

1,446 

1,402 

1,532 

1,627 

1,325 

1,175 

1,314 

1,517 

1,252 

1,313 

1,463 

1,603 

1,529 

1,473 

1,165 

1,292 

1,508 

1,467 

1,434 

2,052 

2,357 

2,045 

1,338 

1,160 

1,538 

1,987 

2,020 

1,745 

1,292 

1,087 

1,061 

97.4 

98.4 

111.6 

153.6 

103.9 

108.3 

103.2 

116.3 

125.9 

100.7 

89.9 

104.5 

113.5 

94.4 

100.4 

111.6 

120.3 

116.3 

112.3 

88.3 

100.2 

118.2 

116.4 

118.1 

167.4 

192.2 

157.1 

92.2 

80.9 

111.8 

144.9 

145.4 

123.6 

96.7 

80.0 

80.7 

-3.0 

10.3 

10.4 

2.1 

3.7 

-2.9 

6.4 

7.8 

1.8 

-1.9 

5.0 

2.6 

.9 

5.5 

4.4 

6.0 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

11.5 

10.2 

12.9 

11.3 

11.0 

.5 

10.2 

7.0 

32.2 

43.1 

13.6 

20.8 

28.5 

36.2 

58.4 

58.8 

38.6 

-30.1 

6.4 

17.7 

7.1 

9.6 

16.1 

12.7 

11.5 

7.7 

28.9 

38.8 

-8.4 

27.4 

33.4 

39.5 

58.2 

61.1 

61.4 

-28.3 

15.4 

14.2 

8.9 

6.8 

15.7 

8.1 

15.3 

10.2 

28.0 

51.9 

-11.7 

26.5 

35.7 

61.6 

42.4 

52.5 

20.7 

-10.2 

7.4 

12.2 

6.6 

14.5 

12.2 

15.2 

12.2 

15.2 

26.7 

34.7 

-.9 

29.1 

40.8 

62.9 

70.2 

84.4 

23.1 

35.2 

8.2 

18.9 

5.2 

16.1 

16.7 

-.5 

13.6 

20.4 

34.9 

57.3 

-13.7 

30.2 

26.9 

42.3 

55.2 

33.6 

44.3 

-51.0 

10.3 

20.5 

3.0 

10.0 

11.7 

12.8 

5.4 

7.6 

32.0 

58.9 

-5.5 

48.7 

23.3 

39.4 

54.8 

20.1 

37.6 

23.1 

12.5 

16.0 

5.9 

6.0 

14.4 

14.7 

9.0 

7.6 

26.6 

60.4 

6.1 

31.7 

20.1 

34.0 

83.8 

32.3 

27.6 

1.3 

12.0 

17.2 

12.3 

15.1 

13.9 

12.3 

13.2 

24.8 

24.0 

46.7 

14.5 

19.6 

37.0 

46.5 

42.2 

37.0 

53.8 

1.3 

4.8 

13.8 

6.9 

10.1 

16.5 

7.7 

12.5 

19.4 

24.0 

64.7 

16.6 

49.9 

46.5 

42.7 

17.7 

31.8 

46.9 

-3.1 

5.7 

18.6 

.1 

15.3 

13.7 

2.1 

5.5 

15.3 

23.8 

62.1 

18.1 

24.6 

20.2 

53.5 

60.4 

30.4 

21.3 

-14.4 

9.1 

17.0 

13.8 

8.0 

8.4 

10.0 

-1.0 

18.8 

40.4 

54.5 

-2.5 

25.6 

37.2 

55.0 

33.6 

24.0 

35.9 

-70.9 

9.7 

14.2 

13.4 

8.1 

13.4 

3.0 

14.9 

16.1 

53.9 

57.7 

4.6 

28.0 

40.1 

60.6 

45.4 

39.7 

-12.1 

-23.4 

11.1 

14.0 

9.6 

9.2 

14.3 

7.1 

12.3 

8.3 

29.7 

44.6 

-2.2 

24.9 

32.5 

45.8 

53.0 

57.5 

40.2 

-22.9 

8.6 

17.2 

4.9 

13.5 

13.5 

9.2 

10.4 

14.4 

31.2 

50.3 

-6.7 

36.0 

30.3 

48.2 

60.1 

46.0 

35.0 

2.4 

9.8 

15.7 

8.4 

10.4 

14.9 

11.6 

11.6 

17.3 

24.9 

57.3 

12.4 

33.7 

34.5 

41.1 

47.9 

33.7 

42.8 

-.2 

8.2 

16.6 

9.1 

10.5 

11.8 

5.0 

6.5 

16.7 

39.4 

58.1 

6.7 

26.1 

32.5 

56.4 

46.5 

31.4 

15.0 

-36.2 

9.4 

15.9 

8.0 

10.9 

13.6 

8.2 

10.2 

14.2 

31.3 

52.6 

2.6 

30.2 

32.5 

47.8 

51.9 

42.1 

33.3 

-14.2 

78 

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Year Jan. Feb. Mar. 

Monthly 

Apr. May June July Aug. Sept. Oct. Nov. Dec. 

Quarterly 

IQ 11Q 1IIQ IV Q Annual 

32. Vendor performance, percent of companies receiving slower deliveries 

[Percent] <S> Average for period 

1947 37 

1948 35 

1949 16 

1950..., 54 

1951 84 

1952 28 

1953 37 

1954 21 

1955 54 

1956 48 

1957 33 

1958 28 

1959 58 

1960 44 

1961 38 

1962 56 

1963 50 

1964 55 

1965 68 

1966 74 

1967 48 

1968 50 

1969 62 

1970 56 

1971 38 

1972 52 

1973 78 

1974 85 

1975 18 

1976 42 

1977 44 

1978 55 

1979 69 

1980 48 

1981 46 

1982 32 

1947 

1948 

1949 

1950 

1951 

1952 

1953 

1954 

1955 14.40 

1956 12.24 

1957 10.03 

1958 8.88 

1959 13.14 

1960 12.73 

1961 12.12 

1962 15.82 

1963 19.68 

1964 19.19 

1965 21.11 

1966 25.33 

1967 10.22 

1968 21.41 

1969 22.97 

1970 21.28 

1971 28.37 

1972 44.05 

1973 50.88 

1974 37.34 

1975 31.60 

1976 53.68 

1977 57.41 

1978 83.04 

1979 98.74 

1980 95.30 

1981 55.82 

1982 22.08 

1947 

1948 

1949 8.83 

1950 5.48 

1951 53.11 

1952 7.58 

1953 49.57 

1954 -19.99 

1955 2.56 

1956 11.72 

1957 -2.70 

1958 -33.08 

1959 12.29 

1960 -6.47 

1961 -9.17 

1962 17.12 

1963 9.05 

1964 14.29 

1965 24.46 

1966 20.36 

1967 17.28 

1968 12.54 

1969 12.60 

1970 -12.60 

1971 21.82 

1972 10.08 

1973 41.87 

1974 16.19 

1975 -43.93 

1976 -.83 

1977 12.07 

1978 18.23 

1979 29.68 

1980 -4.31 

1981 -12.56 

1982 -26.62 

42 

34 

12 

62 

85 

22 

37 

24 

60 

46 

28 

28 

62 

30 

40 

56 

52 

54 

72 

85 

51 

55 

61 

58 

44 

52 

84 

88 

16 

50 

55 

64 

77 

42 

50 

36 

34 

26 

10 

60 

74 

18 

40 

27 

66 

49 

25 

32 

62 

27 

40 

55 

54 

60 

38 

54 

61 

50 

46 

58 

17 

52 

56 

67 

78 

45 

52 

35 

25 

36 

14 

60 

58 

19 

38 

30 

71 

50 

28 

34 

62 

28 

47 

48 

60 

60 

39 

52 

68 

52 

52 

58 

90 

84 

22 

58 

58 

64 

76 

40 

56 

31 

20 

31 

12 

66 

46 

23 

36 

35 

70 

39 

30 

38 

62 

32 

48 

46 

58 

63 

70 

75 

36 

52 

69 

72 

53 

60 

92 

79 

24 

58 

56 

64 

76 

32 

52 

30 

24 

30 

12 

64 

38 

34 

34 

36 

65 

40 

29 

38 

62 

34 

48 

42 

54 

55 

66 

69 

38 

52 

70 

69 

50 

60 

89 

76 

26 

62 

58 

66 

70 

28 

48 

38 

22 

36 

22 

88 

34 

50 

30 

40 

70 

56 

38 

44 

60 

36 

49 

44 

42 

59 

62 

70 

41 

56 

66 

50 

48 

63 

30 

60 

59 

56 

60 

32 

46 

37 

25 

36 

38 

94 

38 

47 

30 

41 

72 

52 

34 

49 

62 

40 

52 

44 

48 

65 

64 

73 

43 

46 

68 

45 

49 

63 

36 

64 

58 

65 

55 

34 

48 

40 

30 

38 

53 

96 

50 

46 

25 

47 

72 

47 

32 

57 

64 

41 

55 

48 

52 

74 

62 

72 

44 

46 

66 

45 

48 

65 

90 

52 

44 

60 

56 

66 

51 

39 

43 

40 

31 

38 

60 

88 

50 

46 

22 

53 

72 

44 

36 

58 

64 

39 

55 

48 

48 

72 

60 

70 

50 

52 

65 

38 

50 

73 

90 

46 

45 

50 

56 

68 

50 

44 

38 

44 

38 

32 

58 

87 

34 

44 

20 

52 

66 

46 

29 

58 

56 

38 

51 

48 

48 

70 

66 

64 

51 

60 

62 

36 

48 

70 

91 

32 

44 

48 

50 

66 

47 

45 

32 

40 

41 

17 

50 

84 

31 

40 

20 

50 

56 

36 

25 

52 

50 

38 

53 

48 

46 

66 

72 

57 

48 

56 

64 

36 

51 

77 

45 

56 

68 

49 

47 

30 

38 

38 

32 

13 

59 

81 

23 

38 

24 

29 

29 

61 

34 

39 

56 

52 

56 

69 

82 

46 

53 

61 

55 

43 

54 

83 

87 

17 

48 

52 

62 

75 

45 

49 

34 

23 

32 

13 

63 

47 

25 

36 

34 

69 

43 

29 

37 

62 

31 

48 

45 

57 

59 

69 

75 

38 

52 

69 

64 

52 

59 

90 

80 

24 

59 

57 

65 

74 

33 

52 

33 

26 

37 

38 

93 

41 

48 

28 

43 

71 

52 

35 

50 

62 

39 

52 

45 

47 

66 

63 

72 

43 

49 

67 

47 

48 

64 

89 

64 

37 

61 

58 

62 

55 

35 

46 

39 

37 

29 

56 

86 

38 

43 

21 

52 

65 

42 

30 

56 

57 

38 

53 

48 

47 

69 

66 

64 

50 

56 

64 

37 

50 

73 

90 

33 

43 

48 

54 

67 

49 

45 

33 

41 

31 

32 

30 

75 

52 

35 

31 

38 

66 

46 

31 

43 

60 

36 

48 

49 

51 

63 

67 

73 

44 

53 

65 

51 

48 

63 

30 

54 

55 

64 

63 

40 

45 

37 

33. Net change in mortgage debt held by financial institutions and ife insurance 

[Annual rate, bMons of doiars] Average for period 

12.72 

12.72 

9.90 

8.70 

14.24 

13.26 

11.74 

17.00 

18.98 

23.45 

19.30 

22.25 

12.20 

19.67 

25.16 

18.98 

28.55 

43.06 

50.35 

41.34 

31.37 

53.65 

64.09 

85.63 

83.02 

67.63 

60.60 

16.39 

13.38 

12.32 

9.72 

9.25 

14.60 

12.13 

12.06 

16.79 

19.54 

21.86 

21.10 

22.38 

11.28 

21.14 

22.45 

15.82 

30.22 

45.49 

53.64 

43.06 

28.82 

55.45 

68.32 

91.27 

92.52 

79.57 

46.93 

3.53 

13.70 

12.64 

8.58 

7.14 

15.32 

12.32 

13.36 

17.33 

20.45 

21.17 

20.06 

21.40 

13.42 

20.04 

23.45 

16.04 

30.46 

44.22 

50.75 

46.06 

30.70 

48.80 

79.20 

89.77 

78.34 

54.13 

54.62 

8.75 

14.16 

11.80 

7.94 

9.67 

16.07 

11.72 

12.84 

17.68 

21.38 

21.61 

20.88 

17.32 

15.28 

21.72 

19.56 

17.15 

32.14 

45.50 

50.40 

43.99 

29.54 

42.24 

79.57 

97.08 

97.78 

23.42 

42.05 

3.22 

14.29 

11.68 

8.50 

9.05 

15.88 

11.78 

13.85 

17.76 

21.52 

20.94 

21.74 

13.31 

16.70 

17.59 

19.96 

16.91 

36.02 

46.31 

54.35 

38.24 

33.49 

42.01 

87.96 

91.64 

98.14 

14.26 

47.48 

-9.78 

13.99 

11.81 

8.03 

9.64 

20.63 

12.08 

13.86 

17.47 

21.80 

22.13 

21.92 

14.09 

17.70 

16.61 

15.55 

18.16 

39.49 

42.05 

52.82 

39.50 

38.90 

60.42 

81.71 

92.28 

91.86 

48.16 

60.85 

-5.95 

12.96 

10.69 

8.57 

10.81 

14.75 

12.73 

14.22 

17.76 

22.64 

21.00 

21.32 

11.62 

21.07 

17.26 

18.83 

17.66 

39.98 

51.14 

52.96 

33.66 

36.76 

52.03 

83.47 

99.61 

81.13 

62.92 

34.20 

-7.22 

12.25 

10.94 

8.56 

11.69 

14.21 

11.65 

14.89 

18.68 

21.85 

21.48 

21.71 

10.63 

20.66 

17.82 

19.30 

22.02 

40.33 

49.80 

43.07 

30.82 

47.76 

47.99 

93.24 

88.56 

84.42 

71.05 

26.76 

-10.42 

7.92 

10.42 

7.97 

13.12 

13.08 

12.10 

15.43 

20.54 

22.70 

21.47 

21.01 

10.91 

19.57 

20.28 

18.66 

24.65 

39.82 

50.10 

38.10 

27.02 

56.87 

53.28 

85.28 

88.93 

93.34 

82.61 

22.79 

-48.32 

11.44 

10.58 

8.27 

14.54 

13.13 

10.98 

16.56 

19.46 

20.62 

21.67 

21.67 

8.89 

21.10 

21.41 

20.05 

21.74 

41.18 

54.52 

39.04 

25.42 

42.66 

67.16 

86.60 

91.09 

70.90 

73.37 

21.66 

-9.05 

11.50 

10.38 

8.11 

13.82 

11.54 

10.63 

16.82 

19.93 

22.67 

21.64 

21.77 

6.92 

19.39 

23.88 

11.93 

24.67 

44.29 

58.92 

33.64 

22.01 

49.45 

61.02 

93.79 

89.53 

50.22 

65.39 

5.14 

-47.32 

13.50 

12.43 

9.88 

8.94 

13.99 

12.71 

11.97 

16.54 

19.40 

21.50 

20.50 

23.32 

11.23 

20.74 

23.53 

18.69 

29.05 

44.20 

51.62 

40.58 

30.60 

54.26 

63.27 

86.65 

91.43 

80.83 

54.45 

14.00 

14.05 

12.04 

8.34 

8.62 

15.76 

11.94 

13.35 

17.59 

21.12 

21.24 

20.89 

17.34 

15.13 

19.78 

20.99 

16.70 

32.87 

45.34 

51.83 

42.76 

31.24 

44.35 

82.24 

92.83 

91.42 

30.60 

48.05 

.73 

13.07 

11.15 

8.39 

10.71 

16.53 

12.15 

14.32 

17.97 

22.10 

21.54 

21.65 

12.11 

19.81 

17.23 

17.89 

19.28 

39.93 

47.66 

49.62 

34.66 

41.14 

53.48 

86.14 

93.48 

85.80 

60.71 

40.60 

-7.86 

10.29 

10.46 

8.12 

13.83 

12.58 

11.24 

16.27 

19.98 

22.00 

21.59 

21.48 

8.91 

20.02 

21.86 

16.88 

23.69 

41.76 

54.51 

36.93 

24.82 

49.66 

60.49 

88.56 

89.85 

71.49 

73.79 

16.53 

-34.90 

12.73 

11.52 

8.68 

10.53 

14.72 

12.01 

13.98 

18.02 

21.15 

21.47 

21.13 

15.42 

16.55 

19.90 

19.82 

19.59 

35.90 

47.93 

47.50 

35.70 

38.16 

53.14 

80.05 

90.70 

85.03 

61.48 

39.91 

-7.01 

36. Change in manufacturing and trade inventories on hand and on order in 1972 doiars, monthly data 

[Annual rate, bWons of doiars] Average for period 

-0.56 

-4.22 

2.51 

34.26 

-2.09 

4.85 

-12.13 

5.12 

11.47 

-2.90 

-19.32 

30.05 

.37 

-6.86 

12.08 

12.46 

7.01 

16.09 

27.13 

7.26 

6.66 

12.43 

-.74 

13.08 

8.03 

33.26 

17.83 

-43.12 

10.92 

13.99 

17.94 

15.29 

-7.04 

17.52 

-23.18 

4.07 

-4.39 

7.64 

36.16 

14.88 

-.48 

-19.21 

15.80 

-.16 

-5.78 

-13.42 

19.80 

-9.96 

-2.16 

5.65 

15.88 

9.23 

19.68 

32.23 

3.31 

3.92 

13.30 

-1.76 

14.76 

8.09 

32.93 

16.81 

-21.41 

15.17 

7.92 

34.28 

6.47 

-2.50 

-8.77 

-10.81 

0.71 

-8.30 

5.48 

33.22 

11.30 

10.50 

-15.53 

-2.84 

16.13 

1.33 

-12.01 

16.43 

-19.12 

6.18 

-13.63 

10.58 

12.84 

2.48 

18.31 

7.96 

9.28 

13.10 

11.71 

-3.12 

9.18 

26.18 

2.35 

-38.64 

10.87 

15.13 

32.30 

21.54 

-.02 

-5.57 

-4.87 

0.02 

-3.70 

19.28 

31.81 

2.11 

4.72 

-12.79 

8.76 

7.15 

-3.01 

-5.03 

-1.36 

-4.28 

8.77 

5.23 

7.58 

8.05 

12.05 

24.74 

-.38 

11.92 

16.21 

-7.24 

-5.50 

16.04 

28.48 

18.16 

-27.10 

10.46 

13.39 

22.72 

7.18 

-12.83 

25.49 

-24.35 

11.35 

-10.36 

13.62 

22.03 

25.94 

1.79 

-15.17 

15.59 

5.11 

-5.05 

1.30 

5.11 

-4.49 

6.85 

3.30 

3.02 

15.17 

15.08 

26.74 

3.04 

2.60 

11.89 

5.66 

-10.42 

11.03 

27.92 

27.78 

-.94 

22.57 

8.93 

14.70 

13.19 

-26.98 

1.01 

-7.56 

9.71 

.46 

10.75 

19.10 

6.52 

-11.28 

-15.08 

9.77 

16.91 

-9.70 

5.04 

13.67 

.46 

5.65 

6.04 

5.45 

11.92 

16.37 

18.16 

12.66 

-9.97 

16.07 

4.56 

-9.10 

3.01 

25.30 

-9.65 

-25.49 

-1.55 

9.38 

10.66 

11.64 

-7.98 

4.67 

.37 

-9.23 

1.78 

43.79 

12.17 

-3.30 

-18.26 

-13.52 

7.76 

10.39 

-3.64 

.36 

11.66 

-4.46 

9.58 

3.02 

2.56 

6.38 

7.58 

18.02 

18.78 

10.12 

8.56 

5.16 

3.91 

28.75 

11.11 

-15.95 

-4.94 

-2.28 

21.95 

20.39 

-2.78 

-7.68 

4.52 

-16.70 

-4.72 

9.32 

18.65 

3.55 

12.79 

-20.50 

2.12 

1.12 

4.73 

-1.81 

13.25 

11.09 

3.65 

8.96 

8.76 

4.09 

26.42 

2.17 

11.05 

7.62 

15.34 

15.68 

-4.31 

11.14 

27.53 

31.79 

22.14 

16.98 

25.63 

23.27 

18.74 

-22.01 

-2.23 

11.65 

-1.50 

-4.97 

-6.24 

16.38 

11.23 

9.77 

-23.06 

2.42 

13.88 

-1.06 

-23.74 

4.84 

13.86 

-8.23 

5.11 

9.53 

9.91 

11.10 

8.60 

23.68 

3.52 

17.00 

6.80 

-7.26 

4.12 

17.51 

21.23 

-20.50 

-19.01 

-3.58 

3.08 

20.41 

-1.88 

-.58 

-9.35 

-20.08 

-4.84 

-7.61 

19.37 

11.29 

3.23 

-21.32 

5.34 

3.96 

-10.52 

7.45 

2.53 

-2.20 

15.94 

-1.15 

6.70 

17.36 

13.91 

14.34 

16.97 

15.62 

.37 

6.13 

1.27 

20.50 

35.64 

-8.44 

-10.79 

4.68 

17.87 

22.06 

-16.82 

-3.49 

2.18 

-38.14 

-10.30 

-12.59 

9.97 

12.13 

7.37 

-15.96 

.29 

10.82 

.04 

-6.25 

12.59 

11.20 

-22.73 

15.71 

5.71 

2.44 

18.60 

20.86 

9.90 

25.97 

12.31 

3.58 

3.98 

11.11 

14.39 

33.92 

-.50 

12.59 

17.12 

20.53 

29.17 

-13.92 

-5.63 

-20.83 

-11.29 

0.07 

5.21 

41.18 

6.79 

17.98 

-17.11 

7.83 

7.68 

-3.79 

-21.94 

20.71 

-5.35 

-6.06 

11.62 

12.46 

10.18 

20.08 

26.57 

9.28 

7.71 

12.78 

-5.03 

16.55 

8.73 

36.02 

16.94 

-36.15 

8.42 

11.33 

23.48 

17.15 

-4.62 

-1.27 

-20.20 

4.03 

-7.45 

12.79 

29.02 

13.12 

5.67 

-14.50 

7.17 

9.46 

-2.24 

-5.25 

6.73 

-9.30 

7.27 

-1.70 

7.06 

12.02 

9.87 

23.26 

3.54 

7.93 

13.73 

3.38 

-6.35 

12.08 

27.53 

16.10 

-22.23 

14.63 

12.48 

23.24 

13.97 

-13.28 

6.98 

-12.26 

-1.41 

3.85 

24.40 

11.61 

5.34 

-16.68 

-8.83 

6.22 

10.68 

-5.05 

6.22 

12.14 

-.12 

8.06 

5.94 

4.03 

14.91 

8.71 

15.74 

13.02 

5.16 

13.44 

1.80 

1.98 

19.76 

22.73 

-1.15 

-4.48 

7.27 

18.20 

16.60 

-4.38 

-5.96 

6.95 

-5.94 

-6.70 

-8.81 

15.24 

11.55 

6.79 

-20.11 

.93 

10.01 

.98 

-13.50 

8.29 

9.20 

-11.05 

12.25 

4.70 

6.35 

15.69 

14.46 

15.97 

15.49 

14.98 

3.58 

.95 

5.50 

17.47 

30.26 

-9.81 

-5.74 

6.07 

13.83 

23.88 

-10.87 

-3.23 

-9.33 

-23.17 

-3.08 

14.41 

23.34 

8.01 

-3.29 

-9.88 

7.81 

7.20 

-6.15 

-3.17 

12.19 

-6.45 

5.38 

5.14 

7.48 

13.20 

13.28 

20.39 

10.33 

8.94 

10.88 

.27 

4.42 

14.51 

29.14 

5.52 

-17.15 

9.10 

13.96 

21.80 

3.96 

-6.77 

.83 

-15.39 

See footnotes at end of this part. 79 

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Year 

1947 

1948 

1949 

1950 

1951 

1952 

1953 

1954 

Jan. 

-4.40 

-6.86 

21.36 

10.94 

13.42 

-19.60 

Monthly 

_Feb. Mar. Apr. May June July Aug. Sept. 

36. Chance in manufacturing and trade inventories on hand and on order in 1972 dolare, smoothed data1 

[Annual rate, bBons of dolare] 

1.50 2.81 5.53 

-2.00 -0.91 -2.78 -5.55 -6.46 -5.99 

-3.22 1.84 5.21 8.00 11.80 13.67 

29.97 36.81 37.86 34.14 31.38 26.67 

8.10 6.33 7.41 8.73 11.27 12.32 

20.33 19.29 11.47 4.94 5.29 2.04 

-17.56 -16.57 -16.37 -15.73 -15.17 -14.42 

5.49 

-3.62 

18.64 

21.04 

10.62 

-5.42 

-14.47 

1.27 

.57 

23.56 

14.69 

7.53 

-12.96 

-11.71 

Oct. 

-3.86 

2.74 

25.34 

10.30 

5.88 

-18.64 

-5.91 

Nov. 

-5.58 

.06 

22.20 

8.84 

7.51 

-21.12 

-.73 

Dec. 

-5.77 

-5.16 

16.69 

10.12 

7.69 

-20.87 

1.24 

IQ 

-2.44 

-2.75 

29.38 

8.46 

17.68 

-17.91 

Quarterly 

«Q 

-4.93 

8.34 

34.46 

9.14 

7.23 

-15.76 

III Q IV 0 

Average for period 

4.10 

-3.01 

18.62 

20.80 

10.16 

-5.45 

-13.53 

-5.07 

-.79 

21.41 

9.75 

7.03 

-20.21 

-1.80 

Annual 

-2.79 

11.41 

23.60 

8.69 

-.19 

-12.25 

1955 95 

1956 9.65 

1957 71 

1958 -15.06 

1959 9.54 

1960 5.81 

1961 -11.21 

1962 14.26 

1963 4.62 

1964 7.08 

1965 17.91 

1966 16.42 

1967 14.91 

1968 16.99 

1969 14.24 

1970 35 

1971 5.80 

1972 6.49 

1973 21.53 

1974 29.42 

1975 -13.72 

1976 -2.71 

1977 8.68 

1978 16.35 

1979 25.42 

1980 -11.28 

1981 -5.23 

1982 -12.21 

1947 

1948 2,034 

1949 2,596 

1950 4,026 

1951 2,305 

1952 1,972 

1953 1,839 

1954 3,077 

1955 3,157 

1956 2,666 

1957 2,796 

1958 3,875 

1959 4,068 

1960 3,615 

1961 4,671 

1962 4,081 

1963 4,074 

1964 4,029 

1965 3,572 

1966 2,988 

1967 2,968 

1968 2,878 

1969 2,718 

1970 3,201 

1971 4,986 

1972 5,019 

1973 4,326 

1974 4,644 

1975 7,501 

1976 7,534 

1977 7,280 

1978 6,489 

1979 6,112 

1980 6,674 

1981 8,048 

1982 , 9,346 

1947 

1948 

1949 

1950 

1951 

1952 

1953 

1954 -1.40 

1955 86 

1956 67 

1957 -.49 

1958 -2.42 

1959 42 

1960 -.98 

1961 -.10 

1962 96 

1963 60 

1964 31 

1965 84 

1966 94 

1967 64 

1968 90 

1969 51 

1970 -.71 

1971 1.04 

1972 66 

1973 2.52 

1974 2.84 

1975 -1.61 

1976 -.24 

1977 1.27 

1978 72 

1979 4.91 

1980 3.14 

1981 1.36 

1982 -1.87 

1.82 

10.32 

-.71 

-18.08 

14.54 

2.06 

-12.14 

15.61 

6.80 

7.86 

19.93 

20.58 

12.66 

16.77 

12.98 

-3.07 

11.80 

8.61 

27.71 

25.62 

-23.40 

3.94 

12.84 

18.89 

25.84 

-10.05 

-3.72 

-19.32 

5.24 

9.51 

-2.82 

-20.74 

19.51 

-1.83 

-9.49 

13.29 

10.77 

9.04 

19.90 

24.68 

10.38 

11.38 

12.61 

-4.14 

14.76 

9.24 

32.93 

19.80 

-32.67 

7.99 

12.86 

21.19 

20.93 

-6.52 

-.75 

-21.87 

6.93 

8.41 

-3.12 

-18.43 

21.40 

-7.46 

-3.50 

6.49 

12.72 

9.94 

16.41 

26.23 

7.73 

7.16 

12.86 

-.98 

12.40 

8.58 

33.41 

14.64 

-35.27 

10.37 

11.84 

25.83 

15.79 

-3.90 

-.10 

-16.58 

6.63 

8.43 

-2.47 

-12.54 

16.86 

-10.34 

1.66 

.23 

12.16 

9.87 

12.08 

25.49 

4.90 

7.50 

13.57 

1.99 

5.14 

9.77 

29.99 

12.38 

-31.72 

12.24 

12.25 

28.97 

13.08 

-4.15 

2.39 

-13.15 

7.20 

8.59 

-2.37 

-7.70 

9.18 

-10.21 

5.77 

-1.31 

9.20 

11.03 

10.64 

24.18 

3.58 

8.15 

13.97 

2.14 

-2.15 

11.59 

28.36 

14.27 

-25.64 

13.40 

12.32 

26.50 

12.85 

-9.20 

5.35 

-12.80 

9.27 

9.59 

-4.08 

-2.40 

6.27 

-6.03 

7.18 

1.58 

6.20 

11.87 

12.18 

23.24 

4.32 

4.72 

14.23 

2.19 

-7.34 

11.06 

27.38 

14.10 

-20.04 

12.56 

11.52 

19.63 

12.32 

-14.60 

8.68 

-11.39 

11.21 

10.26 

-6.02 

1.34 

7.98 

-2.80 

7.22 

4.49 

4.51 

11.44 

13.76 

22.09 

8.30 

1.22 

13.45 

3.06 

-6.77 

12.14 

24.34 

6.41 

-14.15 

8.37 

11.99 

15.64 

9.01 

-15.07 

6.90 

-9.24 

8.63 

10.74 

-5.59 

4.23 

11.14 

-1.47 

7.71 

5.03 

3.86 

13.03 

10.86 

18.36 

12.26 

3.04 

12.80 

3.47 

-1.61 

17.01 

22.09 

-.21 

-7.47 

6.76 

15.81 

15.92 

1.48 

-10.09 

5.17 

-6.95 

6.90 

7.68 

-7.39 

6.18 

12.17 

-1.56 

7.97 

6.52 

4.78 

14.77 

7.41 

16.66 

11.50 

9.66 

11.89 

-.17 

4.19 

22.18 

22.06 

-2.96 

-3.40 

6.93 

17.15 

18.22 

-6.64 

-4.73 

4.61 

-9.35 

7.18 

3.62 

-10.88 

7.33 

10.68 

-2.64 

8.94 

6.41 

6.21 

16.46 

7.17 

16.97 

9.67 

15.07 

8.98 

-1.98 

5.95 

23.22 

25.46 

-3.52 

-3.30 

7.75 

15.42 

20.13 

-11.23 

-2.80 

1.88 

-16.33 

8.40 

1.76 

-12.76 

8.40 

9.18 

-6.66 

11.13 

5.20 

6.62 

16.99 

11.34 

16.16 

12.43 

15.48 

5.60 

-.43 

5.51 

19.66 

29.91 

-6.04 

-5.00 

7.49 

14.28 

22.14 

-12.22 

-2.67 

-3.92 

-21.54 

2.67 

9.83 

-.94 

-17.96 

14.53 

2.01 

-10.95 

14.39 

7.40 

7.99 

19.25 

20.56 

12.65 

15.05 

13.28 

-2.29 

10.79 

8.11 

27.39 

24.95 

-23.26 

3.07 

11.46 

18.81 

24.06 

-9.28 

-3.23 

-17.80 

6.92 

8.48 

-2.65 

-12.89 

15.81 

-9.34 

1.31 

1.80 

11.36 

10.28 

13.04 

25.30 

5.40 

7.60 

13.47 

1.05 

5.13 

9.98 

30.59 

13.76 

-30.88 

12.00 

12.14 

27.10 

13.91 

-5.75 

2.55 

-14.18 

9.70 

10.20 

-5.23 

1.06 

8.46 

-3.43 

7.37 

3.70 

4.86 

12.11 

12.27 

21.23 

8.29 

2.99 

13.49 

2.91 

-5.24 

13.40 

24.60 

6.77 

-13.89 

9.23 

13.11 

17.06 

7.60 

-13.25 

6.92 

-9.19 

7.49 

4.35 

-10.34 

7.30 

10.68 

-3.62 

9.35 

6.04 

5.87 

16.07 

8.64 

16.60 

11.20 

13.40 

8.82 

-.86 

5.22 

21.69 

25.81 

-4.17 

-3.90 

7.39 

15.62 

20.16 

-10.03 

-3.40 

.86 

-15.74 

6.70 

8.21 

-4.79 

-5.62 

12.37 

-3.59 

1.77 

6.48 

7.37 

11.62 

13.30 

20.92 

9.39 

9.76 

12.26 

.20 

3.97 

13.30 

27.10 

10.33 

-17.98 

7.92 

13.08 

20.78 

8.89 

-7.92 

1.77 

-14.23 

37. of persons 

[Thousands] Average for period 

2,328 

2,849 

3,936 

2,117 

1,957 

1,636 

3,331 

2,969 

2,606 

2,622 

4,303 

3,965 

3,329 

4,832 

3,871 

4,238 

3,932 

3,730 

2,820 

2,915 

3,001 

2,692 

3,453 

4,903 

4,928 

4,452 

4,731 

7,520 

7,326 

7,443 

6,318 

6,173 

6,674 

8,032 

9,669 

2,399 

3,030 

3,876 

2,125 

1,813 

1,647 

3,607 

2,918 

2,764 

2,509 

4,492 

3,801 

3,726 

4,853 

3,921 

4,072 

3,950 

3,510 

2,887 

2,889 

2,877 

2,712 

3,635 

4,987 

5,038 

4,394 

4,634 

7,978 

7,230 

7,307 

6,337 

6,104 

6,717 

7,967 

9,881 

2,386 

3,260 

3,575 

1,919 

1,811 

1,723 

3,749 

3,049 

2,650 

2,600 

5,016 

3,571 

3,620 

4,893 

3,906 

4,055 

3,918 

3,595 

2,828 

2,895 

2,709 

2,758 

3,797 

4,959 

4,959 

4,459 

4,618 

8,210 

7,330 

7,059 

6,180 

6,062 

7,348 

7,860 

10,256 

2,118 

3,707 

3,434 

1,856 

1,863 

1,596 

3,767 

2,747 

2,861 

2,710 

5,021 

3,479 

3,569 

5,003 

3,863 

4,217 

3,764 

3,432 

2,950 

2,929 

2,740 

2,713 

3,919 

4,996 

4,922 

4,329 

4,705 

8,433 

7,053 

6,911 

6,127 

5,861 

7,970 

8,133 

10,384 

2,214 

3,776 

3,367 

1,995 

1,884 

1,607 

3,551 

2,701 

2,882 

2,856 

4,944 

3,429 

3,766 

4,885 

3,844 

3,977 

3,814 

3,387 

2,872 

2,992 

2,938 

2,816 

4,071 

4,949 

4,923 

4,363 

4,927 

8,220 

7,322 

7,134 

6,028 

5,950 

8,063 

8,047 

10,466 

2,213 

4,111 

3,120 

1,950 

1,991 

1,660 

3,659 

2,632 

2,952 

2,796 

5,079 

3,528 

3,836 

4,928 

3,819 

4,051 

3,608 

3,301 

2,876 

2,944 

2,883 

2,868 

4,175 

5,035 

4,913 

4,305 

5,063 

8,127 

7,490 

6,829 

6,309 

5,986 

8,353 

7,854 

10,828 

2,350 

4,193 

2,799 

1,933 

2,087 

1,665 

3,854 

2,784 

2,701 

2,747 

5,025 

3,588 

3,946 

4,682 

4,013 

3,878 

3,655 

3,254 

2,900 

2,945 

2,768 

2,856 

4,256 

5,134 

4,939 

4,305 

5,022 

7,928 

7,518 

6,925 

6,080 

6,313 

8,287 

8,053 

10,931 

2,302 

4,049 

2,774 

2,067 

1,936 

1,821 

3,927 

2,678 

2,635 

2,943 

4,821 

3,775 

3,884 

4,676 

3,961 

3,957 

3,712 

3,216 

2,798 

2,958 

2,686 

3,040 

4,456 

5,042 

4,849 

4,350 

5,437 

7,923 

7,380 

6,751 

6,125 

6,183 

8,044 

8,271 

11,315 

2,259 

4,916 

2,625 

2,194 

1,839 

1,974 

3,666 

2,830 

2,571 

3,020 

4,570 

3,910 

4,252 

4,573 

3,803 

3,987 

3,726 

3,143 

2,798 

3,143 

2,689 

3,049 

4,591 

4,954 

4,875 

4,144 

5,523 

7,897 

7,430 

6,763 

5,947 

6,298 

8,111 

8,673 

11,576 

2,285 

3,996 

2,589 

2,178 

1,743 

2,211 

3,402 

2,780 

2,861 

3,454 

4,188 

4,003 

4,330 

4,295 

4,024 

4,151 

3,551 

3,073 

2,770 

3,066 

2,715 

2,856 

4,898 

5,161 

4,602 

4,396 

6,140 

7,794 

7,620 

6,815 

6,077 

6,248 

8,029 

9,025 

11,906 

2,429 

4,063 

2,639 

1,960 

1,667 

2,818 

3,196 

2,761 

2,790 

3,476 

4,191 

3,653 

4,617 

4,177 

3,907 

3,975 

3,651 

3,031 

2,912 

3,018 

2,685 

2,884 

5,076 

5,154 

4,543 

4,489 

6,636 

7,744 

7,545 

6,386 

6,228 

6,361 

7,796 

9,389 

12,036 

2,254 

2,825 

3,946 

2,182 

1,914 

1,707 

3,338 

3,015 

2,679 

2,642 

4,223 

3,945 

3,557 

4,785 

3,958 

4,128 

3,970 

3,604 

2,898 

2,924 

2,919 

2,707 

3,430 

4,959 

4,995 

4,391 

4,670 

7,666 

7,363 

7,343 

6,381 

6,130 

6,688 

8,016 

9,632 

2,239 

3,581 

3,459 

1,923 

1,853 

1,642 

3,689 

2,832 

2,798 

2,722 

4,994 

3,493 

3,652 

4,927 

3,871 

4,083 

3,832 

3,471 

2,883 

2,939 

2,796 

2,762 

3,929 

4,968 

4,935 

4,384 

4,750 

8288 

7,235 

7,035 

6,112 

5,958 

7,794 

8,013 

10,369 

2,288 

4,118 

2,898 

1,983 

2,005 

1,715 

3,813 

2,698 

2,763 

2,829 

4,975 

3,630 

3,889 

4,762 

3,931 

3,962 

3,658 

3,257 

2,858 

2,949 

2,779 

2,921 

4,296 

5,070 

4,900 

4,320 

5,174 

7,993 

7,463 

6,835 

6,171 

6,161 

8,228 

8,059 

11,025 

2,324 

4,325 

2,618 

2,111 

1,750 

2,334 

3,421 

2,790 

2,741 

3,317 

4,316 

3,855 

4,400 

4,348 

3,911 

4,038 

3,643 

3,082 

2,827 

3,076 

2,696 

2,930 

4,855 

5,090 

4,673 

4,343 

6,100 

7,812 

7,532 

6,655 

6,084 

6,302 

7,979 

9,029 

11,839 

2,311 

2,276 

3,637 

3,288 

2,055 

1,883 

1,834 

3,532 

2,852 

2,750 

2,859 

4,602 

3,740 

3,852 

4,714 

3,911 

4,070 

3,786 

3,366 

2,875 

2,975 

2,817 

2,832 

4,093 

5,016 

4,882 

4,365 

5,156 

7,929 

7,406 

6,991 

6,202 

6,137 

7,637 

8,273 

10,678 

38. Change in manufacturers' inventories, materials and supples on hand and on order, book value 

[More of dolarsl Average for period 

0.17 

-1.06 

.56 

.41 

-.09 

-.99 

1.35 

-.69 

-.36 

.21 

.32 

.07 

.76 

1.24 

.17 

.54 

.16 

-.43 

.31 

.77 

2.33 

3.25 

-1.72 

-.11 

1.04 

1.53 

3.34 

2.77 

.32 

-2.82 

0.10 

-1.48 

1.12 

.18 

-.43 

-.58 

.80 

-1.18 

-.12 

-.21 

.58 

.32 

.66 

1.66 

-.23 

.03 

.69 

-.17 

.05 

.46 

2.97 

2.33 

-2.88 

1.52 

1.24 

2.11 

3.50 

1.57 

-.38 

-1.88 

-0.08 

-1.05 

.38 

.97 

-.62 

-.54 

.39 

-.95 

.13 

-.64 

.79 

.26 

.07 

.97 

.19 

.04 

.80 

-.15 

-.37 

.32 

2.24 

2.72 

-3.20 

.55 

1.26 

2.11 

4.38 

-.54 

1.26 

-2.08 

0.38 

-.93 

.48 

.26 

-.24 

-.40 

.01 

-.67 

.23 

-.15 

.46 

1.01 

.03 

-.15 

.81 

-.23 

-.83 

.78 

2.60 

4.04 

-1.88 

1.05 

1.18 

3.05 

1.25 

-1.94 

1.66 

-2.03 

-0.28 

-.66 

.52 

-.22 

-.50 

.15 

.50 

-.45 

.10 

-.19 

-.16 

.49 

.43 

1.37 

.52 

-.57 

.18 

-.11 

-1.29 

.53 

2.29 

3.70 

-1.52 

.95 

.70 

3.26 

3.20 

-1.00 

1.27 

-3.18 

-0.95 

-.77 

.80 

1.12 

-.91 

.27 

.14 

-.46 

.38 

-.19 

.02 

.57 

.32 

.97 

.60 

-.72 

.31 

-.61 

-.42 

.99 

1.91 

3.36 

-.40 

.70 

0 

2.32 

1.09 

1.46 

1.05 

-1.57 

-1.24 

-.69 

.65 

1.04 

-.98 

.15 

.11 

.20 

.80 

-.13 

-.10 

.42 

.16 

1.14 

-.05 

1.41 

2.30 

3.31 

-.56 

-.50 

1.45 

3.05 

2.89 

-.16 

-1.10 

-2.12 

-1.84 

.14 

.86 

.04 

-.58 

.32 

.81 

.09 

.05 

.16 

.30 

1.02 

.72 

.30 

.42 

.27 

.55 

-.11 

-.09 

1.29 

2.62 

1.92 

-.60 

.83 

1.36 

3.05 

.64 

.55 

.75 

-2.45 

-1.73 

.56 

1.07 

.24 

-.93 

.22 

.50 

-.58 

.07 

.01 

.36 

1.19 

.84 

.37 

.29 

.54 

.67 

-.28 

.32 

.88 

2.81 

-.38 

.04 

.75 

1.18 

2.93 

2.62 

1.46 

-3.01 

-1.94 

-1.08 

-.18 

.71 

.22 

-.92 

.54 

.31 

-.26 

.33 

-.01 

-.05 

.85 

.61 

.24 

.59 

.55 

-.32 

.51 

.30 

1.42 

2.54 

.11 

.46 

1.70 

.78 

4.00 

2.11 

.86 

-1.78 

-1.85 

-1.25 

.09 

1.20 

.34 

-1.17 

.07 

-.08 

-.68 

1.17 

.03 

.02 

.71 

1.04 

.68 

-.04 

.41 

.58 

1.09 

2.86 

-.68 

-.47 

.53 

2.10 

3.12 

.82 

.60 

-1.05 

-1.69 

.85 

.42 

-.34 

-1.33 

.86 

-.95 

-.19 

.32 

.50 

.23 

.75 

1.28 

.19 

.49 

.45 

-.44 

.47 

.63 

2.61 

2.81 

-2.07 

.39 

1.18 

1.45 

3.92 

2.49 

.43 

-2.19 

0.01 

-.88 

.46 

.34 

-.45 

-.26 

.30 

-.59 

.15 

-.33 

.34 

.37 

.32 

1.12 

.25 

-.23 

.60 

-.16 

-.83 

.54 

2.38 

3.49 

-2.20 

.85 

1.05 

2.81 

2.94 

-1.16 

1.40 

-2.43 

-1.34 

-.44 

.77 

.73 

-.82 

.25 

.35 

-.06 

.41 

-.05 

.07 

.67 

.40 

.80 

.57 

-.06 

.26 

-.37 

-.19 

1.23 

2.28 

2.86 

-.52 

.34 

.94 

2.81 

1.54 

.62 

.23 

-2.05 

-1.35 

.16 

.99 

.27 

-1.01 

.28 

.24 

-.51 

.52 

.01 

.11 

.92 

.83 

.23 

.59 

.59 

.10 

.21 

.40 

1.13 

2.74 

-.32 

.01 

.99 

1.35 

3.35 

1.85 

.97 

-1.95 

-1.83 

-0.62 

.77 

.44 

-.65 

-.27 

.44 

-.55 

.22 

-.01 

.26 

.55 

.58 

.86 

.40 

.20 

.35 

-.19 

-.04 

.88 

2.50 

2.21 

-1.19 

.64 

1.13 

2.60 

2.56 

.73 

.03 

-2.12 

80 

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Year Jan. Feb. Mar. 

Monthly 

Apr. May June July Aug. Sept. Oct. Nov. Dec. 

Quarterly 

IQ 11Q III Q IVQ Annual 

39. Percent of consumer instalment loans defnquent 30 days and over 

[Percent] End of period 

1947 

1948 2.31 

1949 2.22 

1950 2.70 

1951 2.20 

1952 2.03 

1953 1.87 

1954 2.05 

1955 1.61 

1956 1.52 

1957 1.50 

1958 1.57 

1959 1.56 

1960 1.71 

1961 1.81 

1962 1.69 

1963 1.59 

1964 1.69 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 2.59 

1976 2.49 

1977 2.37 

1978 2.42 

1979 2.12 

1980 2.37 

1981 2.42 

1982 2.48 

1947 18,466 

1948 18,915 

1949 18,394 

1950 17,389 

1951 19,817 

1952 20,014 

1953 21,073 

1954 20,219 

1955 19,832 

1956 20,997 

1957 21,196 

1958 20,183 

1959 20,061 

1960 20,789 

1961 19,675 

1962 20,122 

1963 20,463 

1964 20,608 

1965 21,459 

1966 22,615 

1967 23,488 

1968 23,336 

1969 24,119 

1970 24,190 

1971 22,941 

1972 23,226 

1973 24,391 

1974 25,200 

1975 23,296 

1976 23,057 

1977 23,631 

1978 24,794 

1979 26,275 

1980 26,496 

1981 25,600 

1982 24,711 

1947 43,524 " 

1948 44,680 

1949 44,631 

1950 43,472 

1951 47,227 

1952 48,229 

1953 50,043 

1954 49,340 

1955.... 49,363 

1956 51,880 

1957 52,808 

1958 52,002 

1959 52,410 

1960 54,184 

1961 53,524 

1962 54,703 

1963 55,927 

1964 57,281 

1965 59,419 

1966 62,415 

1967 65,240 

1968 66,656 

1969 69,297 

1970 71,059 

1971 70,752 

1972 72,357 

1973 75,521 

1974 78,020 

1975 77,153 

1976 78,317 

1977 80,527 

1978 84,478 

1979 88,733 

1980 90,804 

1981 90,920 

1982 90,396 

2.11 

2.81 

2.73 

2.08 

1.91 

1.83 

2.07 

1.62 

1.46 

1.50 

1.63 

1.55 

1.60 

1.84 

1.69 

1.60 

1.68 

1.79 

1.75 

1.86 

1.57 

1.57 

1.83 

1.81 

1.72 

2.01 

2.54 

2.71 

2.46 

2.37 

2.48 

2.31 

2.32 

2.51 

2.39 

2.49 

2.85 

2.38 

2.10 

2.05 

1.90 

1.98 

1.53 

1.53 

1.57 

1.76 

1.52 

1.60 

1.81 

1.69 

1.64 

1.66 

2.94 

2.45 

2.37 

2.51 

2.33 

2.53 

2.53 

2.24 

2.34 

2.70 

2.45 

2.31 

1.98 

1.75 

1.99 

1.55 

1.54 

1.47 

1.70 

1.50 

1.64 

1.85 

1.67 

1.59 

1.59 

1.69 

1.75 

1.87 

1.59 

1.63 

1.80 

1.72 

1.76 

2.01 

2.56 

2.74 

2.34 

2.40 

2.44 

2.43 

2.53 

2.40 

2.20 

2.21 

2.80 

2.43 

2.09 

2.08 

1.88 

1.94 

1.55 

1.49 

1.46 

1.74 

1.49 

1.64 

1.83 

1.64 

1.57 

1.68 

2.65 

2.41 

2.43 

2.28 

2.37 

2.64 

2.40 

2.21 

2.29 

2.91 

2.22 

2.06 

2.25 

1.82 

1.91 

1.50 

1.51 

1.52 

1.75 

1.43 

1.68 

1.79 

1.65 

1.68 

1.63 

1.76 

1.76 

1.72 

1.56 

1.64 

1.79 

1.78 

1.85 

1.99 

2.61 

2.63 

2.40 

2.38 

2.44 

2.45 

2.74 

2.30 

2.16 

2.17 

2.91 

2.17 

2.17 

2.19 

1.83 

1.86 

1.49 

1.51 

1.50 

1.71 

1.36 

1.73 

1.83 

1.61 

1.68 

1.63 

2.60 

2.39 

2.41 

2.42 

2.45 

2.77 

2.22 

2.19 

2.22 

2.55 

2.26 

2.11 

2.14 

2.01 

1.83 

1.44 

1.53 

1.48 

1.75 

1.52 

1.70 

1.80 

1.61 

1.67 

1.71 

1.82 

1.76 

1.64 

1.55 

1.68 

1.87 

1.75 

1.93 

2.02 

2.63 

2.65 

2.39 

2.34 

2.37 

2.47 

2.94 

2.35 

2.21 

2.20 

2.69 

2.30 

2.09 

1.99 

1.97 

1.81 

1.47 

1.54 

1.54 

1.63 

1.56 

1.71 

1.76 

1.63 

1.73 

1.65 

2.59 

2.36 

2.36 

2.42 

2.59 

2.70 

2.28 

2.19 

2.23 

2.70 

2.23 

2.05 

1.99 

1.97 

1.84 

1.47 

1.48 

1.51 

1.60 

1.67 

1.79 

1.70 

1.61 

1.65 

1.71 

1.81 

1.77 

1.67 

1.48 

1.68 

1.85 

1.90 

2.00 

2.11 

2.65 

2.48 

2.53 

2.41 

2.35 

2.45 

2.53 

2.37 

2.24 

2.40 

2.37 

2.69 

1.97 

2.23 

1.85 

2.02 

1.79 

1.44 

1.49 

1.55 

1.60 

1.75 

1.78 

1.67 

1.63 

1.79 

2.29 

2.19 

2.24 

2.34 

2.50 

2.66 

2.42 

2.23 

2.40 

2.02 

2.67 

2.09 

2.15 

1.92 

1.98 

1.65 

1.50 

1.52 

1.57 

1.55 

1.65 

1.76 

1.68 

1.64 

1.76 

1.70 

1.65 

1.74 

1.69 

1.63 

1.76 

1.90 

1.72 

1.96 

2.27 

2.80 

2.47 

2.40 

2.36 

2.45 

2.64 

2.57 

2.37 

2.18 

2.49 

2.85 

2.38 

2.10 

2.05 

1.90 

1.98 

1.53 

1.53 

1.57 

1.76 

1.52 

1.60 

1.81 

1.69 

1.64 

1.66 

2.94 

2.45 

2.37 

2.51 

2.33 

2.53 

2.53 

2.24 

2.29 

2.91 

2.22 

2.06 

2.25 

1.82 

1.91 

1.50 

1.51 

1.52 

1.75 

1.43 

1.68 

1.79 

1.65 

1.68 

1.63 

1.76 

1.76 

1.72 

1.56 

1.64 

1.79 

1.78 

1.85 

1.99 

2.61 

2.63 

2.40 

2.38 

2.44 

2.45 

2.74 

2.30 

2.16 

2.20 

2.69 

2.30 

2.09 

1.99 

1.97 

1.81 

1.47 

1.54 

1.54 

1.63 

1.56 

1.71 

1.76 

1.63 

1.73 

1.65 

2.59 

2.36 

2.36 

2.42 

2.59 

2.70 

2.28 

2.19 

2.40 

2.02 

2.67 

2.09 

2.15 

1.92 

1.98 

1.65 

1.50 

1.52 

1.57 

1.55 

1.65 

1.76 

1.68 

1.64 

1.76 

1.70 

1.65 

1.74 

1.69 

1.63 

1.76 

1.90 

1.72 

1.96 

2.27 

2.80 

2.47 

2.40 

2.36 

2.45 

2.64 

2.57 

2.37 

2.18 

2.40 

2.02 

2.67 

2.09 

2.15 

1.92 

1.98 

1.65 

1.50 

1.52 

1.57 

1.55 

1.65 

1.76 

1.68 

1.64 

1.76 

1.70 

1.65 

1.74 

1.69 

1.63 

1.76 

1.90 

1.72 

1.96 

2.27 

2.80 

2.47 

2.40 

2.36 

2.45 

2.64 

2.57 

2.37 

2.18 

40. Employees on nonagricultural payrote, 

[Thousands] 

goods-producing industries 

Average for period 

18,499 

18,710 

18,195 

17,119 

19,988 

20,146 

21,235 

20,163 

19,984 

21,087 

21,278 

19,730 

20,121 

20,903 

19,559 

20,304 

20,425 

20,830 

21,560 

22,793 

23,389 

23,542 

24,229 

24,198 

22,841 

23,269 

24,618 

25,219 

22,777 

23,159 

23,777 

24,857 

26,288 

26,382 

25,516 

24,670 

18,491 

18,782 

17,978 

17,563 

20,041 

20,066 

21,295 

20,030 

20,191 

21,024 

21,269 

19,504 

20,315 

20,636 

19,621 

20,328 

20,447 

20,832 

21,606 

22,950 

23,314 

23,542 

24,306 

24,204 

22,828 

23,406 

24,702 

25,139 

22,478 

23,230 

23,990 

25,055 

26,489 

26,268 

25,579 

24,483 

18,486 

18,507 

17,778 

17,808 

20,094 

20,099 

21,304 

19,877 

20,367 

21,137 

21,192 

19,266 

20,520 

20,721 

19,628 

20,526 

20,615 

20,875 

21,642 

23,002 

23,282 

23,663 

24,310 

24,027 

22,917 

23,484 

24,745 

25,094 

22,328 

23,354 

24,178 

25,449 

26,446 

25,941 

25,530 

24,307 

18,370 

18,651 

17,537 

18,198 

20,088 

20,034 

21,296 

19,727 

20,526 

21,135 

21,124 

19,165 

20,644 

20,653 

19,745 

20,516 

20,681 

20,915 

21,763 

23,082 

23,211 

23,694 

24,358 

23,744 

22,977 

23,588 

24,804 

25,054 

22,352 

23,315 

24,306 

25,502 

26,516 

25,594 

25,503 

24,226 

18,414 

18,777 

17,401 

18,424 

20,080 

19,642 

21,278 

19,646 

20,641 

21,207 

21,092 

19,178 

20,765 

20,544 

19,880 

20,473 

20,650 

20,958 

21,849 

23,250 

23,200 

23,717 

24,445 

23,649 

22,918 

23,661 

24,919 

25,003 

22,291 

23,320 

24,438 

25,658 

26,606 

25,316 

25,654 

24,001 

18,334 

18,876 

17,332 

18,680 

20,045 

19,511 

21,266 

19,476 

20,626 

20,596 

21,026 

19,219 

20,793 

20,451 

19,878 

20,526 

20,697 

21,020 

21,941 

23,291 

23,236 

23,758 

24,497 

23,598 

22,885 

23,574 

24,931 

24,911 

22,251 

23,365 

24,522 

25,729 

26,622 

25,047 

25,720 

23,843 

18,403 

18,822 

17,385 

19,074 

19,919 

20,149 

21,142 

19,418 

20,661 

21,124 

20,942 

19,320 

20,273 

20,375 

19,967 

20,546 

20,717 

21,088 

22,032 

23,363 

23,238 

23,796 

24,486 

23,467 

22,844 

23,694 

24,981 

24,834 

22,445 

23,358 

24,508 

25,781 

26,485 

25,208 

25,653 

23,672 

18,504 

18,915 

17,510 

19,219 

19,809 

20,421 

21,068 

19,479 

20,675 

21,137 

20,843 

19,494 

20,242 

20,255 

19,963 

20,548 

20,745 

21,225 

22,134 

23,299 

23,226 

23,831 

24,477 

23,375 

22,982 

23,795 

24,977 

24,726 

22,616 

23,512 

24,622 

25,829 

26,496 

25,270 

25,586 

23,530 

18,583 

18,822 

16,777 

19,435 

19,834 

20,582 

20,889 

19,547 

20,789 

21,261 

20,741 

19,426 

20,127 

20,151 

20,004 

20,552 

20,769 

20,983 

22,206 

23,373 

23,205 

23,872 

24,442 

22,830 

22,933 

24,004 

25,109 

24,587 

22,727 

23,417 

24,662 

25,977 

26,479 

25,394 

25,445 

23,287 

18,680 

18,795 

17,119 

19,510 

19,853 

20,793 

20,638 

19,705 

20,876 

21,214 

20,539 

19,817 

20,339 

20,012 

20,144 

20,505 

20,707 

21,307 

22,373 

23,419 

23,440 

23,972 

24,300 

22,702 

23,038 

24,121 

25,214 

24,216 

22,762 

23,557 

24,741 

26,119 

26,386 

25,513 

25,242 

23,131 

18,822 

18,677 

17,358 

19,533 

19,957 

20,934 

20,471 

19,748 

20,942 

21,292 

20,418 

19,838 

20,720 

19,752 

20,200 

20,428 

20,723 

21,402 

22,536 

23,467 

23,474 

24,092 

24,353 

23,014 

23,067 

24,188 

25,268 

23,659 

22,887 

23,575 

24,745 

26,231 

26,444 

25,588 

24,992 

23,061 

18,485 

18,802 

18,189 

17,357 

19,949 

20,075 

21,201 

20,137 

20,002 

21,036 

21,248 

19,806 

20,166 

20,776 

19,618 

20,251 

20,445 

20,757 

21,542 

22,786 

23,397 

23,473 

24,218 

24,197 

22,870 

23,300 

24,570 

25,186 

22,850 

23,149 

23,799 

24,902 

26,351 

26,382 

25,565 

24,621 

18,423 

18,645 

17,572 

18,143 

20,087 

19,925 

21,293 

19,750 

20,511 

21,160 

21,136 

19,203 

20,643 

20,639 

19,751 

20,505 

20,649 

20,916 

21,751 

23,111 

23,231 

23,691 

24,371 

23,807 

22,937 

23,578 

24,823 

25,050 

22,324 

23,330 

24,307 

25,536 

26,523 

25,617 

25,562 

24,178 

18,414 

18,871 

17,409 

18,991 

19,924 

20,027 

21,159 

19,458 

20,654 

20,952 

20,937 

19,344 

20,436 

20,360 

19,936 

20,540 

20,720 

21,111 

22,036 

23,318 

23,233 

23,795 

24,487 

23,480 

22,904 

23,688 

24,963 

24,824 

22,437 

23,412 

24,551 

25,780 

26,534 

25,175 

25,653 

23,682 

18,695 

18,765 

17,085 

19,493 

19,881 

20,770 

20,666 

19,667 

20,869 

21,256 

20,566 

19,694 

20,395 

19,972 

20,116 

20,495 

20,733 

21,231 

22,372 

23,420 

23,373 

23,979 

24,365 

22,849 

23,013 

24,104 

25,197 

24,154 

22,792 

23,516 

24,716 

26,109 

26,436 

25,498 

25,226 

23,160 

18,509 

18,774 

17,565 

18,506 

19,959 

20,198 

21,074 

19,751 

20,513 

21,104 

20,964 

19,513 

20,411 

20,434 

19,857 

20,451 

20,640 

21,005 

21,926 

23,158 

23,308 

23,737 

24,361 

23,578 

22,935 

23,668 

24,893 

24,794 

22,600 

23,352 

24,346 

25,585 

26,461 

25,658 

25,497 

23,907 

41. Employees on nonagricultural payrok 

[Thousands] Average for period 

43,584 

44,492 

44,399 

43,175 

47,519 

48,491 

50,271 

49,270 

49,523 

52,096 

53,000 

51,448 

52,558 

54,406 

53,373 

54,996 

56,039 

57,621 

59,710 

62,766 

65,224 

67,026 

69,575 

71,201 

70,689 

72,542 

75,923 

78,181 

76,743 

78,614 

80,783 

84,800 

88,957 

90,895 

90,990 

90,417 

43,630 

44,615 

44,169 

43,816 

47,700 

48,450 

50,360 

49,081 

49,867 

52,141 

53,052 

51,131 

52,863 

54,348 

53,462 

55,109 

56,157 

57,686 

59,921 

63,129 

65,305 

67,156 

69,803 

71,363 

70,766 

72,850 

76,168 

78,184 

76,429 

78,828 

81,228 

85,339 

89,374 

90,933 

91,030 

90,207 

43,510 

44,334 

44,057 

44,238 

47,849 

48,476 

50,367 

48,984 

50,106 

52,302 

53,029 

50,787 

53,190 

54,561 

53,485 

55,384 

56,398 

57,846 

60,080 

63,318 

65,373 

67,422 

69,980 

71,283 

70,969 

73,079 

76,308 

78,239 

76,333 

79,142 

81,615 

86,064 

89,324 

90,718 

91,128 

90,024 

43,529 

44,615 

43,806 

44,589 

47,803 

48,478 

50,343 

48,857 

50,414 

52,387 

52,999 

50,760 

53,382 

54,366 

53,664 

55,514 

56,534 

57,974 

60,389 

63,595 

65,478 

67,519 

70,197 

70,998 

71,129 

73,346 

76,473 

78,381 

76,470 

79,188 

81,984 

86,396 

89,663 

90,255 

91,131 

90,016 

43,669 

44,863 

43,582 

44,953 

47,915 

48,130 

50,386 

48,810 

50,705 

52,454 

52,961 

50,822 

53,603 

54,292 

53,922 

55,563 

56,571 

58,128 

60,590 

63,989 

65,642 

67,779 

70,478 

70,888 

71,136 

73,639 

76,743 

78,443 

76,400 

79,264 

82,392 

86,833 

89,980 

89,937 

91,322 

89,775 

43,669 

45,059 

43,415 

45,361 

47,923 

47,992 

50,385 

48,689 

50,823 

51,764 

52,970 

50,915 

53,683 

54,230 

54,052 

55,663 

56,705 

58,309 

60,868 

64,166 

65,816 

67,979 

70,629 

70,927 

71,169 

73,576 

76,713 

78,492 

76,640 

79,469 

82,743 

87,060 

90,082 

89,674 

91,484 

89,450 

43,783 

45,052 

43,490 

46,035 

47,806 

48,687 

50,272 

48,644 

50,905 

52,396 

52,918 

51,118 

53,230 

54,198 

54,232 

55,796 

56,832 

58,510 

61,072 

64,306 

65,933 

68,189 

70,742 

70,750 

71,168 

73,908 

77,009 

78,511 

77,034 

79,591 

82,954 

87,319 

90,150 

89,932 

91,424 

89,264 

44,003 

45,167 

43,708 

46,304 

47,743 

49,076 

50,216 

48,752 

51,085 

52,446 

52,825 

51,359 

53,265 

54,069 

54,303 

55,860 

56,971 

58,777 

61,333 

64,367 

66,074 

68,333 

70 800 

70,815 

71,499 

74,107 

77,170 

78,542 

77,216 

79,857 

83,460 

87,470 

90,212 

90,092 

91,411 

89,235 

44,184 

45,084 

42,823 

46,530 

47,833 

49,436 

50,114 

48,828 

51,308 

52,667 

52,673 

51,379 

53,203 

53,982 

54,375 

55,919 

57,148 

58,658 

61,538 

64,614 

66,091 

68,569 

70,957 

70,383 

71,485 

74,537 

77,506 

78,599 

77,479 

79,847 

83,659 

87,788 

90,367 

90,364 

91,295 

88,938 

44,324 

45,083 

43,148 

46,654 

48,026 

49,710 

49,824 

49,102 

51,491 

52,722 

52,458 

51,831 

53,503 

53,843 

54,636 

55,943 

57,125 

59,080 

61,859 

64,839 

66,570 

68,837 

70,921 

70,264 

71,723 

74,904 

77,867 

78,234 

77,582 

80,122 

84,012 

88,233 

90,465 

90,606 

91,041 

88,785 

44,529 

45,032 

43,497 

46,756 

48,119 

49,933 

49,627 

49,242 

51,721 

52,865 

52,281 

51,968 

54,033 

53,571 

54,739 

55,915 

57,251 

59,320 

62,209 

65,042 

66,767 

69,151 

71,119 

70,661 

71,977 

75,164 

77,933 

77,531 

77,878 

80,310 

84,260 

88,534 

90,596 

90,805 

90,730 

88,665 

43,579 

44,596 

44,400 

43,488 

47,482 

48,390 

50,225 

49,230 

49,584 

52,039 

52,953 

51,527 

52,610 

54,313 

53,453 

54,936 

56,041 

57,529 

59,683 

62,770 

65,256 

66,946 

69,558 

71,208 

70,736 

72,583 

75,871 

78,128 

76,775 

78,586 

80,846 

84,872 

89,021 

90,877 

90,980 

90,340 

43,569 

44,604 

43,815 

44,593 

47,856 

48,361 

50,365 

48,884 

50,408 

52,381 

52,996 

50,790 

53,392 

54,406 

53,690 

55,487 

56,501 

57,983 

60,353 

63,634 

65,498 

67,573 

70,218 

71,056 

71,078 

73,355 

76,508 

78,354 

76,401 

79,198 

81,997 

86,431 

89,656 

90,303 

91,194 

89,938 

43,818 

45,093 

43,538 

45,900 

47,824 

48,585 

50,291 

48,695 

50,938 

52,202 

52,904 

51,131 

53,393 

54,166 

54,196 

55,773 

56,836 

58,532 

61,091 

64,280 

65,941 

68,167 

70,724 

70,831 

71,279 

73,864 

76,964 

78,515 

76,963 

79,639 

83,052 

87,283 

90,148 

89,899 

91,440 

89,316 

44,346 

45,066 

43,156 

46,647 

47,993 

49,693 

49,855 

49,057 

51,507 

52,751 

52,471 

51,726 

53,580 

53,799 

54,583 

55,926 

57,175 

59,019 

61,869 

64,832 

66,476 

68,852 

70,999 

70,436 

71,728 

74,868 

77,769 

78,121 

77,646 

80,093 

83,977 

88,185 

90,476 

90,592 

91,022 

88,796 

43,857 

44,866 

43,754 

45,197 

47,819 

48,793 

50,202 

48,990 

50,641 

52,369 

52,853 

51,324 

53,268 

54,189 

53,999 

55,549 

56,653 

58,283 

60,765 

63,901 

65,803 

67,897 

70,384 

70,880 

71,214 

73,675 

76,790 

78,265 

76,945 

79,382 

82,471 

86,697 

89,823 

90,406 

91,156 

89,596 

See footnotes at end of this part. 81 

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Year 

1947 

1948 

1949 

1950 

1951 

1952 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

1947 

1948 

1949 

1950 

1951 

1952 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

1947 

1948 

1949 

1950 

1951 

1952 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

Jan. 

49,984 

50,385 

50,570 

52,808 

53,312 

54,958 

53,951 

54,640 

57,163 

57,842 

57,389 

58,387 

59,889 

60,354 

61,014 

62,190 

63,724 

65,726 

68,121 

69,781 

70,792 

73,101 

75,358 

75,471 

77,593 

79,705 

82,799 

82,226 

84,013 

86,743 

90,950 

94,640 

96,559 

96,544 

96,309 

3.4 

4.3 

6.5 

3.7 

3.2 

2.9 

4.9 

4.9 

4.0 

4.2 

5.8 

6.0 

5.2 

6.6 

5.8 

5.7 

5.6 

4.9 

4.0 

3.9 

3.7 

3.4 

3.9 

5.9 

5.8 

4.9 

5.1 

8.1 

7.9 

7.5 

6.4 

5.9 

6.3 

7.5 

8.6 

0.5 .5 

1.5 .7 .5 .4 .6 

1.4 .8 .8 

1.3 

2.1 

1.3 

1.9 

1.8 

1.6 

1.5 

1.1 .8 .6 .6 .4 .5 

1.3 

1.5 

1.1 .9 

1.7 

2.9 

2.3 

1.6 

1.2 

1.3 

2.2 

2.2 

Feb. 

50,500 

50,186 

50,694 

52,923 

53,442 

55,421 

54,073 

54,873 

57,061 

58,132 

57,244 

58,255 

60,177 

60,116 

61,249 

62,372 

64,188 

65,805 

68,056 

69,883 

71,270 

73,557 

75,259 

75,412 

77,750 

80,497 

82,930 

81,895 

84,368 

87,120 

91,199 

94,936 

96,576 

96,803 

96,328 

3.8 

4.7 

6.4 

3.4 

3.1 

2.6 

5.2 

4.7 

3.9 

3.9 

6.4 

5.9 

4.8 

6.9 

5.5 

5.9 

5.4 

5.1 

3.8 

3.8 

3.8 

3.4 

4.2 

5.9 

5.7 

5.0 

5.2 

8.1 

7.7 

7.6 

6.3 

5.9 

6.3 

7.4 

8.8 

0.5 .6 

1.5 .6 .4 .3 .8 

1.3 .8 .8 

1.5 

1.9 

1.2 

2.0 

1.8 

1.6 

1.4 

1.2 .8 .6 .6 .4 .6 

1.3 

1.5 

1.0 .9 

2.0 

2.7 

2.2 

1.6 

1.2 

1.3 

2.2 

2.5 

Mar. 

50,338 

50,035 

50,612 

53,543 

53,440 

55,590 

53,791 

54,722 

57,190 

58,441 

57,170 

58,590 

59,714 

60,444 

61,336 

62,655 

64,397 

66,121 

68,119 

69,682 

71,475 

73,699 

75,364 

75,232 

78,135 

80,983 

83,093 

81,829 

84,689 

87,596 

91,404 

95,091 

96,265 

97,148 

96,230 

4.0 

5.0 

6.3 

3.4 

2.9 

2.6 

5.7 

4.6 

4.2 

3.7 

6.7 

5.6 

5.4 

6.9 

5.6 

5.7 

5.4 

4.7 

3.8 

3.8 

3.7 

3.4 

4.4 

6.0 

5.8 

4.9 

5.1 

8.6 

7.6 

7.4 

6.3 

5.8 

6.3 

7.3 

9.0 

0.5 .7 

1.5 .6 .4 .3 

1.2 

1.3 .8 .8 

1.7 

1.8 

1.4 

2.1 

1.7 

1.5 

1.4 

1.1 .8 .6 .6 .4 .6 

1.3 

1.4 

1.0 .9 

2.2 

2.6 

2.1 

1.5 

1.3 

1.4 

2.1 

2.7 

Apr. May 

Monthly 

June July Aug. 

42. Number of persons engaged in nonagricurtural activities 

50,734 

49,836 

51,319 

53,167 

53,384 

55,082 

54,043 

55,152 

57,154 

58,211 

57,029 

58,875 

60,488 

60,337 

61,363 

62,972 

64,942 

66,209 

68,402 

70,134 

71,686 

73,894 

75,362 

75,413 

78,273 

81,152 

83,087 

81,874 

84,978 

87,958 

92,045 

94,808 

95,886 

97,487 

96,128 

3.9 

5.3 

5.8 

3.1 

2.9 

2.7 

5.9 

4.7 

4.0 

3.9 

7.4 

5.2 

5.2 

7.0 

5.6 

5.7 

5.3 

4.8 

3.8 

3.8 

3.5 

3.4 

4.6 

5.9 

5.7 

5.0 

5.1 

8.8 

7.7 

7.2 

6.1 

5.8 

6.9 

7.2 

9.3 

50,713 

49,485 

51,372 

53,436 

53,861 

55,082 

53,698 

55,307 

57,486 

57,986 

57,227 

58,907 

60,698 

60,350 

61,724 

62,886 

65,028 

66,310 

68,567 

70,186 

72,293 

73,706 

75,017 

75,690 

78,475 

81,272 

83,362 

81,891 

85,427 

88,322 

92,444 

95,045 

95,537 

97,597 

96,548 

[Thousands] 

51,152 

49,370 

51,767 

53,091 

53,690 

55,095 

53,630 

55,538 

57,485 

58,194 

57,220 

59,137 

60,752 

60,773 

61,727 

63,007 

64,662 

66,581 

68,808 

70,589 

72,376 

74,217 

74,858 

75,423 

78,681 

81,676 

83,555 

81,987 

85,253 

88,619 

92,860 

95,349 

95,460 

97,033 

96,310 

51,366 

49,169 

51,875 

53,555 

53,637 

55,130 

53,421 

56,075 

57,480 

58,139 

57,220 

59,447 

60,367 

60,455 

61,643 

63,211 

64,808 

67,070 

68,940 

70,687 

72,267 

74,411 

75,209 

75,919 

78,769 

81,759 

83,713 

82,437 

85,735 

88,837 

92,649 

95,673 

95,485 

97,428 

96,143 

43. Unemployment rate 

3.5 

6.1 

5.5 

3.0 

3.0 

2.5 

5.9 

4.3 

4.3 

4.1 

7.4 

5.1 

5.1 

7.1 

5.5 

5.9 

5.1 

4.6 

3.9 

3.8 

3.5 

3.4 

4.8 

5.9 

5.7 

4.9 

5.1 

9.0 

7.4 

7.0 

6.0 

5.6 

7.5 

7.5 

9.4 

44. Unemployment rate, 

0.5 .8 

1.5 .5 .4 .3 

1.2 

1.3 .7 .8 

2.1 

1.5 

1.3 

2.3 

1.6 

1.5 

1.3 

1.1 .8 .6 .5 .5 .7 

1.4 

1.4 .9 

1.0 

2.6 

2.3 

2.0 

1.5 

1.2 

1.6 

2.0 

2.8 

0.5 

1.0 

1.4 .4 .4 .3 

1.4 

1.1 .8 .8 

2.2 

1.4 

1.1 

2.4 

1.6 

1.6 

1.3 

1.0 .7 .5 .5 .5 .7 

1.4 

1.3 .9 

1.0 

2.8 

2.2 

2.0 

1.4 

1.2 

1.6 

2.0 

3.0 

[Percent] 

3.6 

6.2 

5.4 

3.2 

3.0 

2.5 

5.6 

4.2 

4.3 

4.3 

7.3 

5.0 

5.4 

6.9 

5.5 

5.6 

5.2 

4.6 

3.8 

3.9 

3.7 

3.5 

4.9 

5.9 

5.7 

4.9 

5.4 

8.8 

7.6 

7.2 

5.9 

5.7 

7.5 

7.4 

9.5 

3.6 

6.7 

5.0 

3.1 

3.2 

2.6 

5.8 

4.0 

4.4 

4.2 

7.5 

5.1 

5.5 

7.0 

5.4 

5.6 

4.9 

4.4 

3.8 

3.8 

3.7 

3.5 

5.0 

6.0 

5.6 

4.8 

5.5 

8.6 

7.8 

6.9 

6.2 

5.7 

7.8 

7.2 

9.8 

50,894 

49,793 

52,549 

53,204 

53,616 

54,832 

53,766 

56,222 

57,692 

58,061 

57,339 

59,402 

60,375 

60,486 

62,102 

63,304 

64,890 

67,007 

69,225 

70,804 

72,307 

74,637 

75,206 

76,144 

78,975 

81,779 

83,608 

82,805 

85,843 

89,181 

93,030 

95,414 

95,582 

97,313 

96,254 

3.9 

6.8 

4.5 

3.1 

3.4 

2.7 

6.0 

4.2 

4.1 

4.1 

7.4 

5.2 

5.6 

6.6 

5.7 

5.4 

5.0 

4.4 

3.8 

3.8 

3.5 

3.5 

5.1 

6.1 

5.6 

4.8 

5.5 

8.4 

7.8 

7.0 

5.9 

6.0 

7.7 

7.4 

9.9 

persons unemployed 15 weeks and over 

[Percent] 

0.5 

1.2 

1.4 .4 .3 .3 

1.4 

1.0 .8 .8 

2.5 

1.4 

1.2 

2.3 

1.5 

1.5 

1.4 

1.1 .6 .5 .5 .5 .8 

1.4 

1.3 .9 

1.0 

3.0 

2.4 

1.9 

1.3 

1.1 

1.7 

2.1 

3.2 

0.5 

1.4 

1.2 .4 .3 .3 

1.5 

1.0 .8 .8 

2.6 

1.3 

1.3 

2.6 

1.5 

1.5 

1.4 .9 .6 .5 .5 .5 .8 

1.5 

1.3 .8 

1.0 

3.1 

2.4 

1.9 

1.3 

1.1 

1.9 

2.0 

3.2 

0.5 

1.5 

1.0 .4 .3 .3 

1.6 .8 .8 .8 

2.8 

1.3 

1.3 

2.3 

1.5 

1.6 

1.3 

1.0 .6 .6 .5 .5 .9 

1.5 

1.3 .9 

1.0 

3.0 

2.5 

1.8 

1.2 

1.1 

2.0 

2.0 

3.3 

Sept. 

50,648 

50,287 

52,583 

53,155 

53,984 

54,708 

53,829 

56,131 

57,704 

58,393 

57,728 

59,323 

60,512 

60,520 

62,325 

63,524 

64,959 

67,015 

69,306 

71,003 

72,414 

74,699 

75,047 

76,322 

78,975 

82,146 

83,591 

82,771 

85,895 

89,501 

93,270 

95,988 

95,656 

96,746 

96,180 

3.8 

6.6 

4.4 

3.3 

3.1 

2.9 

6.1 

4.1 

3.9 

4.4 

7.1 

5.5 

5.5 

6.7 

5.6 

5.5 

5.1 

4.3 

3.7 

3.8 

3.4 

3.7 

5.4 

6.0 

5.5 

4.8 

5.9 

8.4 

7.6 

6.8 

6.0 

5.9 

7.5 

7.6 

10.2 

0.5 

1.6 

1.0 .4 .4 .3 

1.6 .9 .9 .8 

2.6 

1.3 

1.4 

2.2 

1.5 

1.5 

1.3 

1.0 .6 .6 .5 .5 .9 

1.5 

1.3 .9 

1.1 

3.1 

2.4 

1.9 

1.3 

1.1 

2.1 

2.1 

3.5 

Oct. 

50,761 

50,455 

52,432 

53,374 

53,769 

54,797 

54,028 

56,263 

57,838 

58,171 

57,912 

59,556 

60,196 

60,716 

62,298 

63,592 

65,032 

67,277 

69,489 

71,043 

72,483 

74,928 

75,348 

76,513 

78,982 

82,563 

83,564 

82,973 

85,958 

89,780 

93,724 

96,095 

95,965 

96,981 

95,763 

3.7 

7.9 

4.2 

3.5 

3.0 

3.1 

5.7 

4.3 

3.9 

4.5 

6.7 

5.7 

6.1 

6.5 

5.4 

5.5 

5.1 

4.2 

3.7 

4.0 

3.4 

3.7 

5.5 

5.8 

5.6 

4.6 

6.0 

8.4 

7.7 

6.8 

5.8 

6.0 

7.5 

8.0 

10.5 

0.5 

1.6 .9 .4 .4 .3 

1.6 .9 .8 

1.0 

2.5 

1.3 

1.7 

2.1 

1.4 

1.5 

1.2 .9 .6 .6 .5 .5 .9 

1.5 

1.3 .9 

1.2 

2.9 

2.4 

1.8 

1.3 

1.2 

2.1 

2.1 

3.8 

Nov. 

50,793 

50,512 

52,534 

53,137 

54,239 

54,393 

54,423 

56,602 

57,799 

57,983 

57,899 

59,050 

60,596 

60,991 

62,016 

63,573 

65,239 

67,631 

69,895 

71,192 

72,736 

75,064 

75,278 

76,887 

79,473 

82,727 

83,221 

83,125 

86,371 

90,386 

94,201 

96,162 

96,180 

96,840 

95,670 

3.8 

6.4 

4.2 

3.5 

2.8 

3.5 

5.3 

4.2 

4.3 

5.1 

6.2 

5.8 

6.1 

6.1 

5.7 

5.7 

4.8 

4.1 

3.6 

3.9 

3.4 

3.5 

5.9 

6.0 

5.3 

4.8 

6.6 

8.3 

7.8 

6.8 

5.9 

5.9 

7.5 

8.3 

10.7 

0.5 

1.7 .8 .5 .3 .4 

1.5 .9 .9 

1.0 

2.3 

1.4 

1.7 

2.0 

1.5 

1.5 

1.3 .9 .6 .6 .5 .5 

1.0 

1.5 

1.2 .9 

1.2 

3.0 

2.4 

1.8 

1.2 

1.2 

2.2 

2.2 

4.1 

Dec. 

50,756 

50,466 

52,669 

53,432 

54,593 

54,048 

54,268 

57,031 

58,104 

57,885 

58,028 

59,883 

60,156 

60,908 

62,300 

63,584 

65,492 

67,903 

69,823 

71,397 

73,032 

75,331 

75,214 

77,100 

79,804 

82,743 

82,783 

83,406 

86,552 

90,785 

94,185 

96,559 

96,164 

96,458 

95,682 

4.0 ! 

6.6 

4.3 

3.1 

2.7 

4.5 

5.0 

4.2 

4.2 

5.2 

6.2 

5.3 

6.6 

6.0 

5.5 

5.5 

5.0 

4.0 

3.8 

3.8 

3.4 

3.5 

6.1 

6.0 

5.2 

4.9 

7.2 

8.2 

7.8 

6.4 

6.0 

6.0 

7.3 

8.6 

10.8 

0.5 

1.6 .8 .4 .4 .5 

1.3 .9 .9 

1.1 

2.2 

1.3 

1.6 

1.9 

1.5 

1.4 

1.2 .9 .6 .6 .4 .5 

1.3 

1.5 

1.1 .8 

1.4 

3.0 

2.4 

1.7 

1.2 

1.2 

2.3 

2.2 

4.3 

_L5 

50,274 

50,202 

50,625 

53,091 

53,398 

55,323 

53,938 

54,745 

57,138 

58,138 

57,268 

58,411 

59,927 

60,305 

61,200 

62,406 

64,103 

65,884 

68,099 

69,782 

71,179 

73,452 

75,327 

75,372 

77,826 

80,395 

82,941 

81,983 

84,357 

87,153 

91,184 

94,889 

96,467 

96,832 

96,289 

3.7 

4.6 

6.4 

3.5 

3.1 

2.7 

5.2 

4.7 

4.0 

4.0 

6.3 

5.8 

5.2 

6.8 

5.6 

5.8 

5.5 

4.9 

3.9 

3.8 

3.7 

3.4 

4.2 

5.9 

5.8 

5.0 

5.1 

8.2 

7.7 

7.5 

6.3 

5.9 

6.3 

7.4 

8.8 

0.5 .6 

1.5 .6 .4 .3 .9 

1.3 .8 .8 

1.5 

1.9 

1.3 

2.0 

1.8 

1.6 

1.4 

1.1 .8 .6 .6 .4 .6 

1.3 

1.5 

i 1.0 .9 

2.0 

2.7 

2.2 

1.6 

1.2 

1.3 

2.2 

2.5 

Quarterly 

"ft 

50,866 

49,564 

51,486 

53,231 

53,645 

55,086 

53,790 

55,332 

57,375 

58,130 

57,159 

58,973 

60,646 

60,487 

61,605 

62,955 

64,877 

66,367 

68,592 

70,303 

72,118 

73,939 

75,079 

75,509 

78,476 

81,367 

83,335 

81,917 

85,219 

88,300 

92,450 

95,067 

95,628 

97,372 

96,329 

3.7 

5.9 

5.6 

3.1 

3.0 

2.6 

5.8 

4.4 

4.2 

4.1 

7.4 

5.1 

5.2 

7.0 

5.5 

5.7 

5.2 

4.7 

3.8 

3.8 

3.5 

3.4 

4.8 

5.9 

5.7 

4.9 

5.2 

8.9 

7.6 

7.1 

6.0 

5.7 

7.3 

7.4 

9.5 

0.5 

1.0 

1.4 .4 .4 .3 

1.3 

1.1 .8 .8 

2.3 

1.4 

1.2 

2.3 

1.6 

1.5 

1.3 

1.1 .7 .5 .5 .5 .7 

1.4 

1.3 .9 

1.0 

2.8 

2.3 

2.0 

1.4 

1.2 

1.6 

2.0 

3.0 

111 Q IV Q 

Average for period 

50,969 

49,750 

52,336 

53,305 

53,746 

54,890 

53,672 

56,143 

57,625 

58,198 

57,429 

59,391 

60,418 

60,487 

62,023 

63,346 

64,886 

67,031 

69,157 

70,831 

72,329 

74,582 

75,154 

76,128 

78,906 

81,895 

83,637 

82,671 

85,824 

89,173 

92,983 

95,692 

95,574 

97,162 

96,192 

50,770 

50,478 

52,545 

53,314 

54,200 

54,413 

54,240 

56,632 

57,914 

58,013 

57,946 

59,496 

60,316 

60,872 

62,205 

63,583 

65,254 

67,604 

69,736 

71,211 

72,750 

75,108 

75,280 

76,833 

79,420 

82,678 

83,189 

83,168 

86,294 

90,317 

94,037 

96,272 

96,103 

96,760 

95,705 

Average for period 

3.8 

6.7 

4.6 

3.2 

3.2 

2.7 

6.0 

4.1 

4.1 

4.2 

7.3 

5.3 

5.6 

6.8 

5.6 

5.5 

5.0 

4.4 

3.8 

3.8 

3.5 

3.6 

5.2 

6.0 

5.6 

4.8 

5.6 

8.5 

7.7 

6.9 

6.0 

5.8 

7.6 

7.4 

9.9 

3.8 

7.0 

4.2 

3.4 

2.8 

3.7 

5.4 

4.2 

4.1 

4.9 

6.4 

5.6 

6.3 

6.2 

5.5 

5.6 

5.0 

4.1 

3.7 

3.9 

3.4 

3.6 

5.8 

6.0 

5.3 

4.8 

6.6 

8.3 

7.8 

6.6 

5.9 

6.0 

7.5 

8.3 

10.7 

Average for period 

0.5 

1.5 

1.1 .4 .3 .3 

1.6 .9 .8 .8 

2.7 

1.3 

1.3 

2.4 

1.5 

1.5 

1.3 

1.0 .6 .6 .5 .5 .9 

1.5 

1.3 .9 

1.0 

3.1 

2.4 

1.9 

1.3 

1.1 

2.0 

2.0 

3.3 

0.5 

1.6 .8 .4 .4 .4 

1.5 .9 .9 

1.0 

2.3 

1.3 

1.7 

2.0 

1.5 

1.5 

1.2 .9 .6 .6 .5 .5 

1.1 

1.5 

1.2 .9 

1.3 

3.0 

2.4 

1.8 

1.2 

1.2 

2.2 

2.2 

4.1 

Annual 

49,148 

50,714 

49,993 

51,758 

53,235 

53,749 

54,919 

53,904 

55,722 

57,514 

58,123 

57,450 

59,065 

60,318 

60,546 

61,759 

63,076 

64,782 

66,726 

68,915 

70,527 

72,103 

74,296 

75,215 

75,972 

78,669 

81,594 

83,279 

82,438 

85,421 

88,734 

92,661 

95,477 

95,938 

97,030 

96,125 

3.9 

3.8 

5.9 

5.3 

3.3 

3.0 

2.9 

5.5 

4.4 

4.1 

4.3 

6.8 

5.5 

5.5 

6.7 

5.5 

5.7 

5.2 

4.5 

3.8 

3.8 

3.6 

3.5 

4.9 

5.9 

5.6 

4.9 

5.6 

8.5 

7.7 

7.1 

6.1 

5.8 

7.1 

7.6 

9.7 

0.5 

1.1 

1.3 .5 .4 .3 

1.3 

1.1 .8 .8 

2.1 

1.5 

1.4 

2.2 

1.6 

1.5 

1.3 

1.0 .7 .6 .5 .5 .8 

1.4 

1.3 .9 

1.0 

2.7 

2.5 

2.0 

1.4 

1.2 

1.7 

2.1 

3.2 

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Year 

Monthly 

Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. 

Quarterly 

IQ H Q IIIQ IVQ 

Annual 

45. Average weekly insured unemployment rate, State programs 

[Percent] Average for period 

1947 

1948 

1949 4.2 

1950 6.2 

1951 2.9 

1952 3.2 

1953 2.6 

1954 4.4 

1955 4.2 

1956 3.2 

1957 3.5 

1958 5.5 

1959 4.9 

1960 4.3 

1961 6.2 

1962 4.7 

1963 4.7 

1964 4.0 

1965 3.3 

1966 2.6 

1967 2.4 

1968 2.4 

1969 2.2 

1970 2.6 

1971 3.9 

1972 3.6 

1973 2.8 

1974 3.1 

1975 5.5 

1976 4.5 

1977 4.2 

1978 3.6 

1979 3.1 

1980 3.3 

1981 3.5 

1982 4.1 

1947 72 ~ 

1948 65 

1949 47 

1950 34 

1951 62 

1952 68 

1953 72 

1954 45 

1955 47 

1956 68 

1957 69 

1958 43 

1959 50 

1960 63 

1961 47 

1962 61 

1963 58 

1964 62 

1965 73 

1966 100 

1967 103 

1968 103 

1969 122 

1970 110 

1971 78 

1972 91 

1973 126 

1974 117 

1975 77 

1976 87 

1977 105 

1978 138 

1979 161 

1980 154 

1981 128 

1982 106 

1947 m ~ 

1948 40.8 

1949 40.3 

1950 39.9 

1951 48.8 

1952 49.3 

1953 54.6 

1954 51.4 

1955 54.9 

1956 61.1 

1957 62.5 

1958 57.4 

1959 62.5 

1960 68.8 

1961 63.0 

1962 70.2 

1963 73.8 

1964 79.0 

1965 86.2 

1966 94.4 

1967 99.8 

1968 103.7 

1969 109.5 

1970 109.1 

1971 108.1 

1972 114.6 

1973 126.3 

1974 129.9 

1975 115.2 

1976 126.1 

1977 133.7 

1978 140.0 

1979 152.0 

1980 153.0 

1981 151.4 

1982 140.7 

4.7 

6.0 

2.7 

3.1 

2.5 

4.7 

4.1 

3.3 

3.5 

6.0 

4.7 

4.2 

6.3 

4.5 

4.6 

3.9 

3.3 

2.6 

2.5 

2.3 

2.2 

2.7 

3.9 

3.6 

2.8 

3.2 

5.9 

4.3 

4.2 

3.7 

3.1 

3.3 

3.4 

4.1 

5.2 

5.8 

2.5 

3.1 

2.5 

5.0 

3.8 

3.3 

3.4 

6.6 

4.3 

4.5 

6.3 

4.4 

4.4 

3.9 

3.2 

2.3 

2.6 

2.3 

2.1 

2.8 

4.0 

3.6 

2.7 

3.2 

6.4 

4.3 

4.0 

3.6 

3.1 

3.4 

3.4 

4.3 

5.4 

5.4 

2.6 

3.0 

2.5 

5.3 

3.6 

3.2 

3.3 

7.1 

4.0 

4.3 

5.9 

3.9 

4.2 

3.8 

3.1 

2.1 

2.7 

2.2 

2.0 

3.2 

4.0 

3.5 

2.6 

3.2 

6.7 

4.3 

3.9 

3.3 

3.0 

3.7 

3.3 

4.5 

5.8 

5.0 

2.8 

3.0 

2.4 

5.5 

3.4 

3.3 

3.3 

7.0 

3.6 

4.2 

5.6 

3.8 

4.2 

3.8 

3.0 

2.1 

2.6 

2.2 

2.0 

3.5 

4.0 

3.5 

2.6 

3.2 

6.8 

4.4 

3.8 

3.1 

2.8 

4.2 

3.3 

4.5 

6.2 

4.7 

2.9 

3.0 

2.4 

5.5 

3.3 

3.4 

3.4 

6.9 

3.5 

4.4 

5.3 

4.0 

4.1 

3.7 

2.9 

2.2 

2.5 

2.1 

2.0 

3.5 

4.0 

3.5 

2.6 

3.2 

6.5 

4.5 

3.8 

3.1 

2.7 

4.4 

3.2 

4.5 

6.4 

4.3 

3.0 

3.6 

2.5 

5.3 

3.3 

3.5 

3.5 

6.7 

3.7 

4.7 

5.3 

4.2 

4.2 

3.6 

3.0 

2.4 

2.6 

2.1 

2.1 

3.5 

3.9 

3.6 

2.6 

3.2 

6.1 

4.5 

3.7 

3.2 

2.8 

4.3 

3.2 

4.5 

7.2 

3.7 

3.2 

3.3 

2.7 

5.4 

3.3 

3.5 

3.5 

6.7 

4.1 

5.1 

5.2 

4.4 

4.2 

3.5 

3.0 

2.4 

2.4 

2.1 

2.0 

3.6 

4.1 

3.3 

2.7 

3.3 

5.8 

4.5 

3.7 

3.3 

2.9 

4.2 

3.2 

4.7 

7.4 

3.5 

3.4 

2.6 

2.9 

5.6 

3.2 

3.5 

3.9 

6.2 

4.2 

5.4 

5.1 

4.4 

4.1 

3,4 

2.9 

2.1 

2.3 

2.0 

2.0 

3.8 

4.1 

3.3 

2.6 

3.5 

5.7 

4.6 

3.7 

3.1 

2.8 

4.2 

3.3 

5.0 

7.5 

3.3 

3.4 

2.5 

3.2 

5.6 

3.1 

3.3 

4.3 

6.0 

4.8 

5.7 

5.0 

4.5 

4.1 

3.4 

2.7 

2.0 

2.3 

2.0 

2.1 

4.1 

4.0 

3.1 

2.6 

3.7 

5.5 

4.6 

3.7 

2.9 

2.9 

4.0 

3.5 

5.2 

7.3 

3.4 

3.3 

2.4 

3.8 

5.0 

3.1 

3.4 

4.8 

5.6 

5.5 

6.3 

5.1 

4.6 

4.1 

3.4 

2.6 

2.1 

2.3 

2.0 

2.2 

4.2 

3.9 

3.1 

2.7 

4.3 

5.1 

4.5 

3.7 

3.0 

3.1 

3.8 

3.8 

5.2 

6.6 

3.3 

3.2 

2.5 

4.1 

4.5 

3.2 

3.4 

5.3 

5.3 

4.8 

6.3 

4.8 

4.7 

4.1 

3.4 

2.6 

2.3 

2.4 

2.1 

2.4 

4.1 

3.8 

3.1 

2.8 

5.0 

4.7 

4.3 

3.6 

3.1 

3.2 

3.6 

4.1 

5.0 

4.7 

6.0 

2.7 

3.1 

2.5 

4.7 

4.0 

3.3 

3.5 

6.0 

4.6 

4.3 

6.3 

4.5 

4.6 

3.9 

3.3 

2.5 

2.5 

2.3 

2.2 

2.7 

3.9 

3.6 

2.8 

3.2 

5.9 

4.4 

4.1 

3.6 

3.1 

3.3 

3.4 

4.2 

5.8 

5.0 

2.8 

3.0 

2.4 

5.4 

3.4 

3.3 

3.3 

7.0 

3.7 

4.3 

5.6 

3.9 

4.2 

3.8 

3.0 

2.1 

2.6 

2.2 

2.0 

3.4 

4.0 

3.5 

2.6 

3.2 

6.7 

4.4 

3.8 

3.2 

2.8 

4.1 

3.3 

4.5 

7.0 

3.8 

3.2 

3.2 

2.7 

5.4 

3.3 

3.5 

3.6 

6.5 

4.0 

5.1 

5.2 

4.3 

4.2 

3.5 

3.0 

2.3 

2.4 

2.1 

2.0 

3.6 

4.0 

3.4 

2.6 

3.3 

5.9 

4.5 

3.7 

3.2 

2.8 

4.2 

3.2 

4.7 

7.1 

3.3 

3.3 

2.5 

3.7 

5.0 

3.1 

3.4 

4.8 

5.6 

5.0 

6.1 

5.0 

4.6 

4.1 

3.4 

2.6 

2.1 

2.3 

2.0 

2.2 

4.1 

3.9 

3.1 

2.7 

4.3 

5.1 

4.5 

3.7 

3.0 

3.1 

3.8 

3.8 

5.1 

6.2 

4.6 

3.0 

2.9 

2.8 

5.2 

3.5 

3.4 

3.8 

6.3 

4.3 

5.0 

5.5 

4.3 

4.2 

3.6 

3.0 

2.3 

2.5 

2.2 

2.1 

3.5 

4.0 

3.4 

2.7 

3.5 

5.9 

4.4 

3.8 

3.2 

3.0 

3.9 

3.4 

4.6 

46. Index irfhei^waifed adverting! 

[1967=100] 

72 

63 

40 

34 

63 

67 

73 

43 

49 

70 

66 

40 

52 

63 

46 

60 

58 

61 

76 

102 

102 

102 

122 

109 

80 

93 

126 

116 

76 

93 

106 

139 

158 

151 

129 

103 

70 

59 

40 

35 

66 

65 

77 

41 

52 

69 

65 

38 

55 

60 

47 

60 

59 

62 

77 

108 

99 

104 

123 

103 

80 

95 

127 

117 

74 

94 

108 

141 

156 

145 

125 

96 

68 

59 

38 

37 

64 

66 

75 

41 

53 

70 

62 

37 

59 

59 

47 

60 

58 

65 

78 

104 

100 

106 

124 

100 

80 

96 

125 

120 

74 

91 

109 

146 

155 

122 

118 

65 

59 

38 

38 

66 

65 

73 

40 

56 

69 

61 

37 

59 

58 

49 

62 

57 

65 

81 

105 

99 

106 

124 

94 

81 

98 

126 

119 

74 

94 

112 

144 

154 

112 

118 

87 

63 

59 

35 

40 

63 

65 

70 

41 

58 

38 

62 

57 

50 

60 

57 

67 

82 

106 

99 

106 

120 

92 

84 

99 

127 

119 

81 

96 

114 

147 

153 

115 

121 

85 

62 

58 

34 

43 

64 

66 

67 

40 

60 

65 

60 

40 

64 

55 

51 

60 

59 

69 

82 

106 

97 

109 

119 

89 

83 

101 

129 

118 

121 

149 

155 

118 

123 

83 

66 

59 

33 

49 

64 

67 

64 

40 

63 

67 

57 

41 

62 

54 

53 

59 

58 

68 

85 

105 

100 

111 

117 

88 

84 

105 

126 

114 

83 

97 

122 

150 

155 

117 

119 

78 

76 

62 

32 

50 

63 

71 

61 

40 

67 

66 

56 

44 

63 

52 

54 

58 

58 

69 

88 

103 

99 

113 

124 

87 

83 

106 

125 

107 

83 

94 

120 

152 

159 

122 

112 

73 

73 

57 

31 

54 

65 

74 

56 

40 

65 

70 

52 

45 

61 

50 

57 

57 

60 

69 

91 

103 

101 

119 

122 

81 

84 

111 

127 

99 

83 % 

128 

161 

167 

127 

110 

76 

70 

53 

30 

53 

65 

74 

51 

43 

47 

47 

61 

49 

59 

57 

59 

72 

97 

103 

100 

119 

119 

81 

86 

113 

126 

91 

87 

99 

133 

161 

158 

134 

111 

78 

67 

48 

29 

51 

65 

74 

46 

44 

71 

67 

45 

50 

62 

47 

58 

57 

62 

72 

99 

102 

101 

117 

115 

81 

87 

123 

121 

105 

140 

165 

159 

130 

109 

83 

71 

62 

42 

34 

64 

67 

74 

43 

67 

40 

52 

62 

47 

60 

58 

62 

75 

103 

101 

103 

122 

107 

79 

93 

126 

117 

76 

91 

106 

139 

158 

150 

127 

102 

65 

59 

37 

38 

64 

65 

73 

41 

56 

69 

60 

37 

60 

58 

49 

61 

57 

66 

80 

105 

99 

106 

123 

95 

82 

98 

126 

119 

76 

94 

112 

146 

154 

116 

119 

87 

68 

60 

33 

47 

64 

68 

64 

40 

63 

66 

58 

42 

63 

54 

53 

59 

58 

69 

85 

105 

99 

111 

120 

88 

83 

104 

127 

113 

83 

96 

121 

150 

156 

119 

118 

78 

70 

53 

30 

53 

65 

74 

51 

42 

68 

69 

48 

47 

61 

49 

58 

57 

60 

71 

96 

103 

101 

118 

119 

81 

86 

116 

125 

92 

86 

100 

134 

162 

161 

130 

110 

79 

69 

58 

36 

43 

64 

68 

65 

42 

58 

42 

59 

56 

52 

59 

59 

67 

84 

104 

100 

110 

121 

93 

82 

103 

126 

110 

80 

95 

118 

149 

158 

129 

119 

x of industrial 

[1967=100) Average for period 

39.1 

40.9 

39.9 

40.0 

49.1 

49.6 

54.9 

51.6 

55.6 

60.5 

63.1 

56.2 

63.7 

68.2 

62.9 

71.3 

74.6 

79.5 

86.7 

95.0 

99.0 

104.3 

110.2 

108.8 

108.0 

115.3 

127.8 

129.6 

112.7 

128.1 

134.5 

140.3 

152.5 

152.8 

151.8 

142.9 

39.3 

40.4 

39.1 

41.3 

49.4 

49.7 

55.3 

51.3 

56.9 

60.5 

63.1 

55.5 

64.7 

67.6 

63.3 

71.7 

75.1 

79.5 

87.8 

96.3 

98.5 

104.7 

110.8 

108.8 

108.0 

116.5 

128.5 

130.0 

111.7 

128.7 

136.3 

142.1 

153.5 

152.1 

152.1 

141.7 

39.0 

40.5 

38.9 

42.7 

49.4 

49.3 

55.6 

51.0 

57.5 

61.0 

62.2 

54.6 

66.0 

67.0 

64.6 

71.9 

75.8 

80.8 

88.2 

96.5 

99.2 

104.9 

110.6 

108.6 

108.5 

117.7 

128.5 

129.9 

112.6 

129.0 

137.1 

144.4 

151.1 

148.2 

151.9 

140.2 

39.2 

41.2 

38.3 

43.7 

49.3 

48.8 

55.9 

51.3 

58.5 

60.5 

62.0 

55.1 

67.0 

67.0 

65.6 

71.8 

76.7 

81.3 

88.9 

97.4 

98.7 

106.2 

110.3 

108.3 

109.1 

118.1 

129.6 

131.3 

113.7 

130.1 

138.0 

144.8 

152.7 

143.8 

152.7 

139.2 

39.2 

41.7 

38.3 

45.0 

49.0 

48.4 

55.6 

51.4 

58.5 

59.9 

62.1 

56.5 

67.1 

66.1 

66.5 

71.6 

76.9 

81.5 

89.6 

97.9 

98.4 

106.6 

111.2 

108.1 

109.6 

118.7 

129.9 

131.9 

116.4 

130.7 

138.9 

146.1 

153.0 

141.4 

152.9 

138.7 

38.9 

41.7 

38.2 

46.4 

48.3 

47.6 

56.3 

51.5 

59.0 

58.1 

62.5 

57.4 

65.5 

65.9 

67.3 

72.3 

76.6 

82.0 

90.4 

98.4 

98.7 

106.5 

111.8 

108.4 

109.8 

119.3 

130.4 

131.8 

118.4 

131.2 

139.0 

147.1 

153.0 

140.3 

153.9 

138.8 

39.2 

41.6 

'38.6 

47.9 

47.8 

50.7 

56.0 

51.4 

58.9 

60.5 

62.5 

58.5 

63.3 

65.8 

67.9 

72.4 

76.8 

82.6 

90.8 

98.5 

100.0 

107.1 

112.3 

108.3 

108.9 

120.7 

130.4 

131.7 

121.0 

132.0 

139.3 

148.0 

152.1 

142.2 

153.6 

138.4 

39.5 

41.2 

38.9 

47.6 

48.1 

52.5 

54.9 

51.5 

59.3 

61.8 

62.0 

59.1 

63.2 

65.1 

67.8 

72.8 

77.5 

82.9 

91.1 

99.4 

100.3 

107.1 

112.3 

107.6 

110.3 

121.8 

131.1 

131.8 

122.1 

131.3 

139.6 

148.6 

152.7 

144.4 

151.6 

137.3 

39.9 

41.6 

37.5 

47.9 

48.1 

53.0 

54.4 

52.1 

60.3 

62.4 

61.1 

59.8 

62.7 

65.0 

69.1 

72.9 

78.1 

81.7 

92.0 

100.1 

101.2 

107.4 

112.5 

105.4 

110.9 

123.4 

131.4 

129.5 

122.2 

131.3 

140.1 

149.7 

152.7 

146.6 

149.1 

135.7 

40.4 

41.0 

38.5 

47.8 

48.4 

54.1 

53.1 

53.0 

60.5 

61.8 

59.6 

61.5 

63.1 

64.1 

70.2 

73.2 

78.4 

84.2 

92.4 

99.4 

102.6 

108.6 

111.4 

104.8 

111.3 

124.4 

131.6 

124.9 

123.5 

132.6 

140.3 

150.6 

152.3 

149.2 

146.3 

134.9 

40.6 

40.6 

39.2 

48.7 

48.7 

54.4 

51.8 

53.6 

60.7 

62.7 

58.5 

61.6 

67.0 

62.9 

70.8 

73.2 

78.3 

85.2 

93.5 

99.6 

103.5 

108.8 

111.2 

107.2 

112.3 

125.8 

131.3 

119.3 

124.4 

133.6 

140.5 

151.8 

152.5 

150.4 

143.4 

135.2 

39.1 

40.7 

39.8 

40.4 

49.1 

49.5 

54.9 

51.4 

55.8 

60.7 

62.9 

56.4 

63.6 

68.2 

63.1 

71.1 

74.5 

79.3 

86.9 

95.2 

99.1 

104.2 

110.2 

108.9 

108.0 

115.5 

127.5 

129.8 

113.2 

127.6 

134.8 

140.8 

152.7 

152.6 

151.8 

141.8 

39.1 

41.1 

38.5 

43.8 

49.2 

48.8 

55.7 

51.2 

58.2 

60.5 

62.1 

55.4 

66.7 

66.7 

65.6 

71.8 

76.5 

81.2 

88.9 

97.3 

98.8 

105.9 

110.7 

108.3 

109.1 

118.2 

129.3 

131.0 

114.2 

129.9 

138.0 

145.1 

152.3 

144.5 

152.5 

139.4 

39.2 

41.5 

38.6 

47.3 

48.1 

50.3 

55.7 

51.5 

59.1 

60.1 

62.3 

58.3 

64.0 

65.6 

67.7 

72.5 

77.0 

82.5 

90.8 

98.8 

99.7 

106.9 

112.1 

108.1 

109.7 

120.6 

130.6 

131.8 

120.5 

131.5 

139.3 

147.9 

152.6 

142.3 

153.0 

138.2 

40.3 

41.1 

38.4 

48.1 

48.4 

53.8 

53.1 

52.9 

60.5 

62.3 

59.7 

61.0 

64.3 

64.0 

70.0 

73.1 

78.3 

83.7 

92.6 

99.7 

102.4 

108.3 

111.7 

105.8 

111.5 

124.5 

131.4 

124.6 

123.4 

132.5 

140.3 

150.7 

152.5 

148.7 

146.3 

135.3 

39.4 

41.1 

38.8 

44.9 

48.7 

50.6 

54.8 

51.9 

58.5 

61.1 

61.9 

57.9 

64.8 

66.2 

66.7 

72.2 

76.5 

81.7 

89.8 

97.8 

100.0 

106.3 

111.1 

107.8 

109.6 

119.7 

129.8 

129.3 

117.8 

130.5 

138.2 

146.1 

152.5 

147.1 

151.0 

138.6 

See footnotes at end of this part 

Digitized 

83 

for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Year Jan. Feb. 

Monthly 

Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. IQ_ 

Quarterly 

H O IHQ IV Q 

Annual 

1947 16.8 

1948 6.1 

1949 -8.5 

1950 23.7 

1951 2.5 

1952 15.8 

1953 4.5 

1954 -8.9 

1955 33.3 

1956 8.2 

1957 -3.8 

1958 -20.4 

1959 19.0 

1960 37.5 

1961 1.9 

1962 -9.7 

1963 10.3 

1964 11.3 

1965 15.0 

1966 12.2 

1967 2.4 

1968 2.3 

1969 8.0 

1970 -20.5 

1971 10.6 

1972 27.5 

1973 4.9 

1974 -12.1 

1975 -34.3 

1976 17.7 

1977 9 

1978 -4.2 

1979 1.6 

1980 4.0 

1981 8.3 

1982 -20.4 

1947 9T ~ 

1948 5.0 

1949 -10.3 

1950 16.5 

1951 11.3 

1952 10.3 

1953 6.0 

1954 -10.8 

1955 21.1 

1956 0 

1957 8.7 

1958 -20.9 

1959 15.1 

1960 36.5 

1961 -7.3 

1962 6.4 

1963 7.9 

1964 5.7 

1965 12.4 

1966 11.7 

1967 -1,6 

1968 6.8 

1969 6.0 

1970 -9.0 

1971 12.8 

1972 15.2 

1973 11.4 

1974 -5.9 

1975 -33.7 

1976 15.8 

1977 5.9 

1978 0 

1979 5.1 

1980 1.3 

1981 7.2 

1982 -9.0 

1947 91.95 

1948 93.57 

1949 92.44 

1950 89.16 

1951 98.69 

1952 100.52 

1953 103.81 

1954 100.48 

1955 101.24 

1956 106.88 

1957 107.71 

1958 104.90 

1959 106.43 

1960 110.00 

1961 107.72 

1962 109.91 

1963 113.23 

1964 114.80 

1965 120.96 

1966 126.60 

1967 131.41 

1968 132.44 

1969 137.62 

1970 139.91 

1971 137.97 

1972 141.16 

1973 146.64 

1974 151.12 

1975 147.82 

1976 151.04 

1977 152.19 

1978 159.02 

1979 168.01 

1980 171.81 

1981 171.56 

1982 164.25 

6.3 

3.0 

-11.3 

3.0 

7.6 

7.6 

6.8 

4.8 

16.4 

-11.2 

12.1 

-22.4 

25.6 

-10.0 

-1.9 

20.5 

13.8 

7.9 

7.2 

7.9 

-9.2 

7.2 

7.9 

-3.3 

-1.1 

7.6 

15.2 

-2.7 

-23.1 

20.8 

7.4 

2.6 

4.0 

-1.6 

3.2 

20.5 

6.3 

-13.7 

-21.6 

46.8 

7.6 

2.4 

9.1 

-6.8 

32.0 

0 

0 

-14.0 

20.6 

-10.1 

7.9 

6.9 

8.3 

0 

16.3 

17.7 

-5.9 

4.7 

6.7 

0 

0 

13.2 

6.8 

3.8 

-10.1 

5.8 

17.3 

16.5 

8.2 

-5.4 

2.4 

-9.6 

47c. Change in index of industrial production over 1 

[Annual rate, percent] 

-month spans4 

3.0 

-6.0 

49.2 

0 

-9.2 

6.7 

-6.8 

13.4 

10.4 

-15.8 

-17.8 

27.0 

-10.1 

27.6 

3.4 

11.8 

21.5 

5.6 

2.5 

8.9 

2.3 

-2.1 

-2.2 

5.7 

13.1 

0 

-.9 

10.1 

2.8 

7.3 

21.2 

-17.2 

-26.8 

-1.6 

-12.0 

6.3 

22.8 

-17.0 

32.0 

-2.4 

-11.5 

6.7 

7.3 

23.0 

-9.4 

-3.8 

11.6 

19.8 

0 

20.2 

-1.7 

15.2 

7.7 

9.9 

11.8 

-5.9 

15.9 

-3.2 

-3.3 

6.8 

4.2 

10.8 

13.7 

12.4 

10.7 

8.2 

3.4 

13.5 

-30.3 

6.5 

-8.2 

Average for period 

0 

15.6 

0 

42.2 

-7.1 

-9.4 

-6.3 

2.4 

0 

-11.3 

2.0 

35.1 

1.8 

-15.0 

17.8 

-3.3 

3.2 

3.0 

9.9 

6.3 

-3.6 

4.6 

10.2 

-2.2 

5.6 

6.3 

2.8 

5.6 

32.5 

5.7 

8.1 

11.3 

2.4 

-18.3 

1.6 

-4.2 

0 

-3.1 

44.4 

-15.9 

-18.1 

16.2 

2.4 

10.8 

-30.7 

8.0 

20.9 

-25.1 

-3.6 

15.4 

12.4 

-4.6 

7.6 

11.3 

6.3 

3.7 

-1.1 

6.7 

3.4 

2.2 

6.2 

4.7 

-.9 

22.7 

4.7 

.9 

8.5 

0 

-8.9 

8.1 

.9 

9.7 

-2.8 

13.3 

46.5 

-11.7 

113.2 

-6.2 

-2.3 

-2.0 

62.5 

0 

25.6 

-33.6 

-1.8 

11.2 

1.7 

3.2 

9.1 

5.4 

1.2 

17.0 

7.0 

5.5 

-1.1 

-9.4 

15.0 

0 

-.9 

29.8 

7.6 

2.6 

7.6 

-6.8 

17.5 

-2.3 

-3.4 

9.6 

-10.9 

9.7 

-7.3 

7.8 

52.0 

-21.2 

2.4 

8.5 

29.1 

-9.2 

13.0 

-1.9 

-12.0 

-1.8 

6.8 

11.5 

4.4 

12.9 

12.3 

-35.6 

7.8 

0 

12.0 

-10.4 

14.9 

22.2 

12.3 

-16.1 

15.2 

-9.1 

-1.8 

25.6 

1.7 

9.7 

-16.1 

16.1 

-16.0 

37.1 

-2.5 

7.7 

28.0 

-25.2 

22.8 

4.1 

-10.9 

-25.8 

40.0 

7.9 

-15.4 

20.9 

5.1 

4.7 

43.6 

6.1 

-11.1 

24.1 

25.1 

7.7 

6.9 

-25.7 

14.5 

4.0 

18.9 

-20.0 

2.0 

105.4 

-20.3 

10.8 

0 

-1.5 

15.2 

9.8 

-1.5 

-13.8 

24.5 

5.9 

8.6 

6.8 

-3.6 

27.2 

-1.0 

2.8 

-18.9 

21.7 

5.8 

2.6 

5.9 

10.8 

6.4 

-0.8 

13.8 

-7.7 

41.1 

-3.2 

-10.0 

2.4 

1.0 

12.1 

-3.4 

-5.9 

9.6 

16.2 

-8.4 

21.9 

-.5 

10.1 

10.7 

3.5 

-4.6 

6.6 

27.9 

-6.6 

49.0 

-3.7 

.8 

5.8 

20.3 

-.4 

19.8 

-20.2 

-5.8 

8.3 

7.0 

3.4 

7.0 

11.7 

-4.9 

8.5 

10.1 

5.1 

15.6 

-20.4 

17.4 

10.1 

6.8 

-20.6 

19.1 

34.7 

-12.5 

19.1 

2.3 

4.3 

14.2 

4.0 

11.5 

3.7 

0 

0 

-7.5 

16.6 

11.5 

6.6 

.9 

12.5 

8.8 

11.3 

3.4 

2.2 

-22.0 

6.7 

17.0 

2.8 

-19.0 

5.3 

-8.1 

17.9 

14.3 

-11.1 

-6.6 

4.4 

10.2 

1.8 

-35.2 

15.3 

2.4 

11.0 

2.2 

-2.1 

31.2 

11.3 

14.4 

-2.7 

-42.3 

12.8 

12.6 

-4.2 

4.7 

7.5 

-7.9 

3.2 

16.1 

9.0 

-3.7 

8.5 

6.9 

-.2 

7.6 

1.6 

-2.6 

6.0 

7.9 

4.5 

6.1 

6.9 

6.3 

8.1 

2.0 

4.1 

-1.7 

3.1 

10.9 

3.8 

-.3 

11.0 

1.0 

13.4 

6.6 

-3.7 

.9 

7.5 

13.9 

.6 

-32.2 

11.5 

-6.2 

2.6 

5.0 

4.8 

20.2 

-14.6 

-9.1 

1.0 

0 

4.4 

9.3 

0 

19.9 

-18.1 

-13.1 

13.5 

12.5 

1.7 

7.5 

-3.1 

23.5 

-20.3 

-6.8 

9.1 

9.4 

1.7 

10.0 

1.6 

10.1 

-21.4 

2.7 

-22.5 

14.8 

8.5 

5.0 

4.6 

-1.0 

4.6 

-3.2 

18.3 

6.4 

7.9 

12.0 

-.4 

-25.1 

2.2 

-8.1 

21.3 

2.0 

2.0 

7.0 

-.7 

9.6 

-2.9 

-3.9 

7.9 

7.3 

2.6 

8.9 

-.5 

17.8 

-19.9 

-5.7 

6.0 

.7 

-1.6 

25.9 

.3 

15.8 

-3.7 

3.9 

13.8 

5.7 

-6.0 

7.4 

13.1 

-5.2 

13.0 

3.6 

7.1 

9.6 

9.8 

6.7 

4.3 

5.2 

2.4 

-2.8 

5.0 

12.2 

4.5 

-7.5 

6.3 

7.6 

5.3 

8.2 

.8 

.3 

-4.0 

-5.2 

47c. Change in index of industrial production o 

[Annual rate, percent] Average for period 

9.7 

-2.0 

-14.0 

23.2 

5.9 

8.5 

6.8 

-3.8 

27.0 

-1.3 

2.6 

-19.0 

21.7 

3.6 

2.6 

5.2 

10.8 

6.3 

12.8 

12.5 

-4.3 

4.7 

7.6 

-8.4 

3.0 

15.8 

8.9 

-3.9 

-23.1 

14.6 

8.3 

4.6 

4.6 

-1.0 

4.6 

-4.7 

1.0 

-2.9 

-13.2 

31.2 

5.0 

0 

7.5 

-3.1 

20.3 

-.7 

-1.9 

-18.1 

24.4 

-10.1 

10.6 

10.0 

11.3 

9.4 

9.6 

9.2 

-2.4 

4.7 

4.1 

-1.8 

1.5 

11.3 

7.2 

0 

-8.7 

9.5 

ro.6 

13.2 

-2.3 

-12.0 

1.3 

-1.4 

1.0 

3.0 

-15.1 

42.5 

1.6 

-6.3 

7.5 

-2.3 

22.6 

0 

-6.8 

-7.6 

22.4 

-6.9 

18.3 

2.8 

11.7 

9.4 

10.5 

10.5 

-1.2 

7.5 

.4 

-1.8 

4.1 

10.1 

5.8 

5.4 

3.6 

6.4 

10.8 

13.5 

.5 

-21.6 

2.4 

-10.0 

-1.0 

13.5 

-7.9 

40.9 

-3.2 

-10.1 

2.2 

.8 

11.7 

-3.9 

-6.2 

7.4 

15.7 

-8.6 

21.8 

-.6 

9.9 

10.4 

8.5 

6.8 

-.4 

7.5 

1.5 

-2.5 

6.1 

7.8 

4.4 

6.0 

17.9 

6.4 

7.9 

11.7 

-1.3 

-25.3 

2.1 

-8.2 

-1.0 

12.4 

-7.0 

39.4 

-8.6 

-13.1 

5.1 

4.0 

10.9 

-17.7 

1.9 

22.1 

-3.0 

-6.4 

17.8 

2.2 

4.3 

6.1 

10.4 

8.1 

-2.0 

6.2 

4.4 

-.7 

4.9 

5.5 

6.0 

6.0 

22.3 

7.0 

5.7 

7.7 

5.1 

-19.7 

5.4 

-3.9 

0 

3.9 

3.2 

44.3 

-11.6 

16.5 

.7 

.8 

2.8 

0 

3.3 

27.1 

-20.3 

-7.0 

14.8 

3.4 

.5 

6.6 

8.8 

4.6 

5.4 

3.4 

7.5 

0 

-.7 

9.1 

2.5 

1.2 

28.3 

6.0 

3.8 

9.1 

-1.6 

-4.4 

2.4 

-2.3 

3.1 

-4.7 

6.4 

25.2 

-7.1 

38.4 

-4.9 

.8 

5.6 

13.3 

-.6 

19.7 

-21.3 

-5.9 

8.1 

6.9 

3.2 

7.0 

6.9 

6.3 

7.9 

1.9 

4.0 

-1.8 

2.6 

10.9 

3.7 

-.3 

21.1 

1.8 

2.0 

7.0 

-3.4 

-4.0 

10.7 

-1.0 

-7.1 

13.6 

-1.6 

53.7 

-12.8 

4.7 

9.1 

33.1 

-8.7 

17.8 

-16.0 

-5.4 

11.1 

3.4 

8.1 

-1.5 

7.3 

7.1 

10.5 

3.4 

2.5 

-10.6 

4.1 

14.5 

3.1 

-6.8 

13.5 

.3 

3.2 

7.3 

-.8 

19.2 

-11.9 

-8.6 

12.8 

-5.6 

-1.0 

-.8 

5.1 

29.6 

-19.2 

13.0 

11.3 

8.9 

-17.3 

22.1 

-1.3 

-9.9 

14.3 

4.5 

8.6 

8.0 

7.2 

3.7 

10.8 

5.7 

-3.2 

-12.3 

9.1 

12.8 

3.7 

-19.1 

8.5 

1.8 

2.9 

7.2 

.5 

21.2 

-17.7 

-9.7 

11.6 

-5.7 

3.1 

9.6 

5.1 

15.3 

-20.7 

17.3 

9.8 

6.0 

-20.7 

18.0 

26.3 

-12.8 

18.9 

2.2 

4.2 

11.6 

11.0 

.8 

13.4 

6.5 

-3.9 

-1.5 

7.5 

13.8 

.6 

-32.9 

7.7 

7.2 

2.6 

8.9 

-.5 

17.7 

-19.9 

-6.0 

9.3 

-11.9 

28.2 

7.7 

10.4 

12.6 

-20.3 

23.3 

5.4 

.6 

-22.1 

19.3 

45.0 

-11.8 

6.5 

5.0 

4.7 

23.9 

10.9 

-1.2 

10.3 

8.1 

-11.6 

10.6 

14.0 

9.7 

-4.5 

-37.4 

13.4 

7.5 

-.3 

6.3 

.8 

13.8 

-20.7 

5.1 

6.8 

0 

-12.5 

23.6 

7.4 

6.3 

6.8 

-5.9 

22.8 

-.7 

3.1 

-19.3 

20.4 

10.0 

2.0 

7.2 

10.0 

7.1 

11.6 

11.1 

-2.8 

5.4 

5.9 

-6.4 

5.8 

14.1 

9.2 

-3.3 

-21.8 

13.3 

8.3 

5.9 

2.5 

-3.9 

4.4 

-5.0 

-0.3 

9.6 

-10.0 

40.9 

-3.4 

-9.8 

4.9 

.8 

15.1 

-7.2 

-3.7 

7.3 

11.7 

-7.3 

19.3 

1.5 

8.6 

8.6 

9.8 

8.5 

-1.2 

7.1 

2.1 

-1.7 

5.0 

7.8 

5.4 

5.8 

14.6 

6.6 

8.1 

11.0 

1.4 

-22.2 

3.3 

-7.4 

4.6 

-.6 

.8 

27.7 

-6.8 

36.2 

-5.7 

2.1 

5.8 

15.5 

-2.0 

21.5 

-19.2 

-6.1 

11.3 

4.6 

3.9 

4.0 

7.7 

6.0 

7.9 

2.9 

4.7 

-4.1 

2.0 

11.5 

3.1 

-2.0 

21.0 

2.7 

3.0 

7.8 

-1.1 

7.9 

-4.3 

-5.0 

11.2 

-7.7 

10.1 

5.5 

6.9 

19.2 

-20.1 

17.9 

8.8 

5.2 

-20.0 

19.8 

23.3 

-11.5 

13.2 

3.9 

5.8 

14.5 

9.7 

1.1 

11.5 

6.8 

-6.2 

-1.1 

10.2 

12.1 

-.1 

-29.8 

9.9 

5.5 

1.7 

7.5 

.3 

17.6 

-19.4 

-3.5 

5.6 

.3 

-2.9 

24.4 

1.0 

13.0 

-3.5 

3.7 

13.1 

3.2 

-5.6 

7.3 

9.1 

-3.7 

11.5 

4.3 

7.1 

8.6 

9.7 

6.7 

3.9 

5.5 

1.6 

-3.3 

5.8 

11.4 

4.4 

-7.3 

5.9 

7.0 

5.3 

8.0 

.8 

-.2 

-4.0 

-5.2 

48. Employee hours 

[Annual rate, 

in nonagricultural estaWfehments 

bWons of employee hours] Average for period 

91.77 

92.96 

92.04 

88.72 

98.99 

101.00 

104.34 

100.86 

101.87 

107.09 

108.51 

103.14 

106.64 

110.14 

107.81 

111.36 

113.40 

116.59 

121.64 

127.74 

130.70 

133.68 

137.82 

139.97 

137.34 

141.86 

147.91 

151.55 

146.29 

150.70 

154.79 

160.54 

168.38 

171.37 

170.07 

168.40 

91.72 

93.48 

91.28 

90.40 

99.38 

100.48 

104.67 

100.59 

103.11 

106.67 

108.22 

102.80 

107.65 

109.78 

107.82 

112.02 

113.50 

116.75 

122.06 

128.42 

130.61 

133.61 

138.52 

140.26 

137.84 

142.06 

148.61 

151.22 

145.31 

150.49 

154.74 

162.16 

169.61 

170.63 

170.79 

167.74 

91.30 

92.60 

90.94 

90.99 

99.95 

100.02 

104.59 

100.13 

103.21 

107.38 

107.63 

101.83 

108.57 

110.32 

107.65 

112.58 

114.34 

117.43 

122.11 

128.38 

130.55 

133.76 

138.72 

139.83 

137.95 

142.87 

148.82 

149.09 

145.37 

149.63 

155.41 

163.93 

166.05 

169.80 

169.70 

167.21 

91.33 

93.11 

90.41 

92.32 

99.75 

100.46 

104.06 

99.67 

104.41 

107.12 

107.65 

102.04 

108.94 

110.03 

108.27 

112.80 

114.66 

117.47 

122.87 

128.58 

130.92 

134.48 

139.38 

139.07 

138.33 

142.93 

149.19 

151.73 

145.76 

151.29 

156.49 

164.13 

169.43 

168.88 

170.70 

167.61 

91.78 

93.84 

89.69 

93.32 

99.74 

99.70 

104.19 

99.69 

104.58 

107.39 

107.56 

102.14 

109.42 

109.89 

108.91 

112.90 

114.91 

117.72 

122.76 

129.53 

131.23 

134.97 

139.58 

138.75 

138.56 

143.53 

149.52 

151.58 

145.31 

151.07 

157.08 

165.17 

170.33 

168.30 

170.94 

166.58 

91.31 

94.06 

89.32 

94.33 

99.71 

99.19 

104.05 

99.45 

104.80 

106.10 

107.61 

102.45 

109.08 

109.89 

109.29 

112.94 

115.11 

118.06 

123.13 

129.49 

131.43 

135.52 

139.83 

139.04 

138.09 

143.25 

149.87 

151.43 

145.59 

151.61 

157.65 

165.57 

170.49 

167.29 

171.19 

166.05 

91.22 

94.00 

89.37 

96.34 

99.42 

100.72 

103.35 

99.26 

104.98 

107.39 

107.64 

103.01 

108.18 

109.81 

109.70 

113.22 

115.18 

118.31 

123.62 

129.86 

131.77 

135.86 

140.33 

138.54 

138.63 

143.92 

150.01 

151.33 

147.13 

151.52 

157.95 

165.78 

170.43 

168.11 

171.09 

165.46 

92.02 

93.93 

89.54 

96.33 

99.19 

102.35 

102.57 

99.36 

105.62 

107.53 

107.19 

104.03 

107.84 

109.24 

109.24 

113.57 

115.56 

118.31 

123.88 

129.80 

132.34 

136.14 

140.46 

134.34 

138.41 

144.89 

150.29 

151.47 

147.54 

152.00 

158.67 

166.02 

170.73 

168.76 

167.31 

165.30 

92.49 

93.55 

87.91 

96.89 

99.16 

102.80 

103.29 

99.79 

105.89 

108.08 

106.06 

104.07 

107.71 

108.99 

110.06 

113.09 

115.93 

118.72 

124.60 

130.44 

132.07 

136.46 

140.56 

137.31 

138.02 

144.96 

149.81 

151.91 

147.80 

152.00 

159.29 

166.37 

170.39 

169.25 

169.68 

164.29 

92.78 

93.65 

88.48 

97.44 

99.60 

103.12 

102.29 

100.93 

106.46 

108.23 

105.72 

105.03 

108.20 

109.52 

110.87 

113.38 

115.87 

119.67 

125.36 

130.76 

133.02 

136.42 

140.20 

136.78 

139.80 

146.00 

151.57 

149.78 

148.37 

152.56 

159.58 

167.87 

170.38 

169.19 

168.66 

163.24 

93.37 

93.53 

88.89 

97.19 

99.93 

103.94 

101.66 

101.20 

106.80 

108.56 

105.54 

105.42 

109.95 

106.79 

110.68 

113.21 

115.84 

120.60 

126.16 

130.98 

133.11 

136.90 

140.73 

137.77 

140.26 

146.10 

151.44 

148.06 

149.22 

153.13 

159.49 

167.92 

170.81 

170.22 

168.58 

164.01 

91.81 

93.34 

91.92 

89.43 

99.02 

100.67 

104.27 

100.64 

102.07 

106.88 

108.15 

103.61 

106.91 

109.97 

107.78 

111.10 

113.38 

116.05 

121.55 

127.59 

130.91 

133.24 

137.99 

140.05 

137.72 

141.69 

147.72 

151.30 

146.47 

150.74 

153.91 

160.57 

168.67 

171.27 

170.81 

166.80 

91.47 

93.18 

90.35 

92.21 

99.81 

100.06 

104.28 

99.83 

104.07 

107.30 

107.61 

102.00 

108.98 

110.08 

108.28 

112.76 

114.64 

117.54 

122.58 

128.83 

130.90 

134.40 

139.23 

139.22 

138.28 

143.11 

149.18 

150.80 

145.48 

150.66 

156.33 

164.41 

168.60 

168.99 

170.45 

167.13 

91.52 

94.00 

89.41 

95.67 

99.44 

100.75 

103.32 

99.36 

105.13 

107.01 

107.48 

103.16 

108.37 

109.65 

109.41 

113.24 

115.28 

118.23 

123.54 

129.72 

131.85 

135.84 

140.21 

137.31 

138.38 

144.02 

150.06 

151.41 

146.75 

151.71 

158.09 

165.79 

170.55 

168.05 

169.86 

165.60 

92.88 

93.58 

88.43 

97.17 

99.56 

103.29 

102.41 

100.64 

106.38 

108.29 

105.77 

104.84 

108.62 

108.43 

110.54 

113.23 

115.88 

119.66 

125.37 

130.73 

132.73 

136.59 

140.50 

137.29 

139.36 

145.69 

150.94 

149.92 

148.46 

152.56 

159.45 

167.39 

170.53 

169.55 

168.97 

153.85 

91.92 

93.52 

90.03 

93.62 

99.46 

101.19 

103.57 

100.12 

104.41 

107.37 

107.25 

103.40 

108.22 

109.53 

109.00 

112.58 

114.79 

117.87 

123.26 

129.22 

131.60 

135.02 

139.48 

138.46 

138.43 

143.63 

149.47 

150.86 

146.79 

151.42 

156.94 

164.54 

169.59 

169.47 

170.02 

165.84 

Digitized for FRASER 

84 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Year 

Monthly 

Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct Nov. Dec. 

48c. Change in employee hours in nonagricuKural estabfishments over 1-month spans4 

[Annual rate, percent] 

Quarterly 

JJL M_ IV Q Annual 

Average for period 

1947 

1948 2.6 

1949 -13.1 

1950 3.7 

1951 20.2 

1952 7.3 

1953 -1.5 

1954 -13.1 

1955 .5 

1956 9 

1957 -9.0 

1958 -7.0 

1959 12.1 

1960 5 

1961 11.0 

1962 -8.0 

1963 2 

1964 -10.3 

1965 3.6 

1966 4.3 

1967 4.0 

1968 -5.9 

1969 6.5 

1970 -6.8 

1971 1.8 

1972 8.0 

1973 4.5 

1974 -2.5 

1975 -1.9 

1976 15.7 

1977 -7.1 

1978 -3.5 

1979 6 

1980 7.3 

1981 9.9 

1982 -26.8 

1947 

1948 0.8 

1949 -6.7 

1950 1.1 

1951 6.5 

1952 5.7 

1953 4.8 

1954 -5.5 

1955 3.8 

1956 2.4 

1957 1.0 

1958 -9.4 

1959 6.3 

1960 7.4 

1961 -6.1 

1962 1.8 

1963 1 

1964 2.5 

1965 6.7 

1966 7.8 

1967 -.2 

1968 2.0 

1969 4.2 

1970 -.7 

1971 1.6 

1972 6.0 

1973 5.3 

1974 -.1 

1975 -9.0 

1976 6.4 

1977 6.0 

1978 2.4 

1979 1.2 

1980 2.3 

1981 2.1 

1982 -.6 

1947 339.0 

1948 336.1 

1949 344.5 

1950 353.3 

1951 386.0 

1952 398.7 

1953 426.2 

1954 426.3 

1955 439.6 

1956 471.9 

1957 485.0 

1958 479.1 

1959 496.6 

1960 520.4 

1961 519.2 

1962 544.5 

1963 563.6 

1964 588.1 

1965 630.3 

1966 670.2 

1967 700.7 

1968 723.6 

1969 763.1 

1970 785.2 

1971 794.8 

1972 824.9 

1973 878.7 

1974 893.5 

1975 860.0 

1976 888.6 

1977 927.1 

1978 982.3 

1979 1,038.9 

1980 1,056.7 

1981 1,061.3 

1982 1,074.6 

-2.3 

-7.5 

-5.1 

-5.8 

3.7 

5.9 

6.3 

4.6 

7.7 

2.4 

9.3 

-18.4 

2.4 

1.5 

1.0 

17.0 

1.8 

20.4 

7.0 

11.4 

-6.3 

11.8 

1.8 

.5 

-5.3 

6.1 

10.9 

3.5 

-11.7 

-2.7 

22.5 

12.1 

2.7 

-3.0 

-9.9 

34.9 

-0.7 

6.9 

-9.5 

25.2 

4.8 

-6.0 

3.9 

-3.2 

15.6 

-4.6 

-3.2 

-3.9 

12.0 

-3.9 

.1 

7.3 

1.1 

1.7 

4.2 

6.6 

-.8 

-.6 

6.3 

2.5 

4.5 

1.7 

5.8 

-2.6 

-7.7 

-1.7 

-.4 

12.8 

9.1 

-5.1 

5.2 

-4.6 

-5.4 

-10.7 

-4.4 

8.1 

7.1 

-5.4 

-.9 

-5.4 

1.2 

8.3 

-6.3 

-10.8 

10.8 

6.1 

-1.9 

6.2 

9.3 

7.2 

.5 

-.4 

-.5 

1.4 

1.7 

-3.6 

1.0 

7.1 

1.7 

-15.7 

.5 

-6.6 

5.3 

13.9 

-22.5 

-5.7 

-7.4 

-3.7 

0.4 

6.8 

-6.8 

19.0 

-2.4 

5.4 

-5.9 

-5.4 

14.9 

-2.9 

.2 

2.5 

4.2 

-3.1 

7.1 

2.4 

3.4 

.4 

7.7 

1.9 

3.5 

6.7 

5.9 

-6.3 

3.4 

.5 

3.0 

23.4 

3.3 

14.2 

8.7 

1.5 

27.4 

-6.3 

7.3 

2.9 

6.1 

9.8 

-9.1 

13.8 

-.1 

-8.7 

1.5 

.2 

2.0 

3.1 

-1.0 

1.2 

5.4 

-1.5 

7.3 

1.1 

2.6 

2.6 

-1.1 

9.2 

2.9 

4.5 

1.7 

-2.7 

2.0 

5.2 

2.7 

-1.2 

-3.6 

-1.7 

4.6 

7.9 

6.6 

-4.0 

1.7 

-7.1 

-6.0 

2.8 

-4.8 

13.8 

-.4 

-6.0 

-1.6 

-2.9 

2.6 

-13.5 

.6 

3.7 

-3.7 

0 

4.3 

.4 

2.1 

3.5 

3.7 

-.4 

1.8 

5.0 

2.2 

2.5 

-4.0 

-2.3 

2.8 

-1.2 

2.3 

4.4 

4.4 

2.9 

1.1 

-7.0 

1.8 

-3.8 

-1.2 

-.8 

.7 

28.8 

-3.4 

20.2 

-7.8 

-2.3 

2.1 

15.6 

.3 

6.8 

-9.5 

-.9 

4.6 

3.0 

.7 

2.6 

4.9 

3.5 

3.1 

3.1 

4.4 

-4.2 

4.8 

5.8 

1.1 

-.8 

13.5 

-.7 

2.3 

1.5 

-.4 

6.0 

-.7 

-4.2 

11.0 

-.9 

2.3 

-.1 

-2.7 

21.2 

-8.7 

1.2 

7.6 

1.6 

-4.9 

12.6 

-3.7 

-6.1 

-4.9 

3.8 

4.0 

0 

2.6 

-.6 

5.3 

2.5 

1.1 

-30.9 

-1.9 

8.4 

2.3 

1.1 

3.4 

3.9 

5.6 

1.8 

2.1 

4.7 

-23.5 

-1.2 

6.3 

-4.7 

-1S.8 

12 

-A 

IA 

IZ 

1.3 

■.. 1 

U 

-11.9 

.5 

-1.4 

-;:.7 

9.4 

-!>.0 

3.9 

4.2 

7.2 

IU 

-;».4 

;>.9 

.9 

30.0 

-3.3 

.6 

-3.8 

3.5 

2.1 

0 

4.8 

2.6 

- 1 4 

3.5 

13.4 

-7.1 

3.8 

1.3 

8.1 

7.0 

5.5 

3.8 

-11.0 

14.6 

6.7 

1.7 

-3.8 

11.6 

5.6 

6.0 

9.2 

3.1 

-.6 

10.0 

7.6 

3.0 

9.0 

-.4 

-3.0 

-4.5 

16.6 

9.0 

15.0 

-15.6 

4.7 

4.5 

2.2 

11.4 

-A 

-7.0 

-7.4 

7.9 

-1.5 

5.7 

-3.0 

4.0 

10.0 

-7.1 

3.3 

3.9 

3.7 

-2.0 

4.5 

21.2 

-26.1 

-2.0 

-1.8 

-.3 

9.7 

7.9 

2.0 

.8 

4.3 

4.6 

9.0 

4.0 

.8 

-1.0 

-12.9 

7.1 

4.6 

-.7 

.4 

3.1 

7.6 

-.6 

5.8 

0.7 

-9.2 

7.7 

9.6 

2.4 

2.9 

-3.9 

7.9 

-.4 

-1.0 

-9.8 

8.8 

-.6 

4.0 

5.4 

1.0 

3.9 

4.9 

7.4 

-1.0 

1.8 

4.9 

-1.3 

.3 

5.3 

7.1 

-.5 

-7.1 

3.8 

5.0 

7.1 

4.1 

-.3 

1.7 

1.2 

0.4 

2.0 

-6.8 

13.6 

1.5 

-2.9 

-1.8 

-3.5 

6.0 

2.8 

-2.4 

-2.4 

6.8 

.5 

4.2 

3.2 

5.1 

3.4 

2.4 

3.6 

2.0 

4.2 

3.1 

-4.2 

2.1 

4.3 

2.5 

2.2 

.1 

2.0 

6.2 

7.8 

3.8 

-5.3 

.5 

-2.6 

1.3 

.4 

-.6 

14.2 

-2.2 

11.8 

-6.0 

-1.3 

4.1 

1.2 

-1.3 

7.7 

-5.6 

-2.3 

1.3 

2.4 

2.3 

2.0 

3.7 

.8 

3.4 

3.5 

2.6 

-10.9 

-.4 

4.0 

2.1 

-.3 

6.4 

2.5 

4.1 

2.1 

.9 

1.2 

-7.5 

-3.1 

6.0 

-1.6 

-2.0 

3.7 

3.0 

6.4 

-3.1 

7.7 

4.6 

3.9 

-5.9 

5.5 

8.5 

-7.6 

5.5 

-1.2 

1.0 

8.0 

7.6 

3.7 

2.5 

2.3 

.8 

11.5 

5.8 

3.5 

3.4 

-8.3 

4.6 

3.0 

2.1 

4.8 

.2 

3.6 

3.6 

-2.9 

0.3 

-4.6 

9.8 

3.0 

4.4 

-2.0 

-.3 

5.7 

1.9 

-2.6 

.3 

4.6 

-2.5 

3.8 

2.5 

2.4 

4.3 

4.6 

3.9 

1.7 

2.9 

2.8 

-1.2 

2.0 

4.2 

3.8 

-1.7 

1.0 

2.8 

4.4 

5.4 

2.3 

-.2 

-.4 

-1.9 

48c. Change in employee hours in nonagricurtural estabSshments over 3-month spans4 

[Annual rate, percent] Average for period 

0.5 

-9.3 

7.0 

9.3 

2.2 

2.8 

-4.1 

7.8 

-.5 

-1.2 

-10.0 

8.7 

-.6 

3.9 

4.9 

1.0 

3.2 

4.9 

7.4 

-1.1 

1.5 

4.8 

-1.3 

.2 

5.2 

7.1 

-.6 

-7.2 

3.4 

4.3 

6.9 

4.1 

-.4 

1.3 

-2.0 

-2.8 

-4.1 

-6.3 

8.5 

5.2 

-2.0 

3.0 

-1.4 

8.0 

1.9 

-.3 

-11.2 

8.3 

1.2 

-.3 

10.1 

4.0 

9.5 

3.9 

5.7 

-2.6 

4.0 

3.2 

-.2 

-.1 

4.9 

6.1 

-5.3 

-6.5 

-3.7 

8.7 

12.9 

-4.6 

-4.6 

-4.3 

7.4 

-1.9 

.6 

-6.9 

17.2 

3.1 

-2.1 

-1.1 

-4.6 

10.4 

.1 

-3.1 

-4.2 

8.9 

-.4 

1.7 

5.3 

4.5 

3.1 

4.1 

2.7 

.7 

2.4 

4.6 

-2.5 

2.9 

3.1 

3.5 

.5 

-1.4 

1.6 

4.5 

9.2 

2.5 

-5.7 

1.5 

-1.9 

0.3 

1.5 

-6.8 

13.6 

1.5 

-3.1 

-1.8 

-3.5 

5.8 

2.7 

-2.4 

-2.5 

6.7 

.4 

4.1 

3.2 

5.1 

3.4 

2.3 

3.5 

1.9 

4.1 

3.1 

-4.2 

2.1 

4.2 

2.5 

1.0 

0 

1.6 

6.2 

7.6 

1.7 

-5.4 

.4 

-2.7 

0 

6.5 

-6.9 

15.5 

-1.0 

-3.3 

-2.0 

-2.7 

6.3 

-4.7 

-.1 

2.5 

1.9 

-1.6 

6.2 

1.3 

2.7 

2.2 

3.4 

3.5 

2.7 

5.4 

3.2 

-2.2 

.4 

1.1 

2.9 

6.4 

.6 

5.4 

5.9 

4.1 

11.1 

-5.8 

3.6 

-2.7 

-0.5 

3.9 

-4.5 

18.6 

-1.3 

1.0 

-2.7 

-1.6 

2.2 

1.0 

0 

3.9 

-2.8 

-.8 

5.4 

1.5 

1.8 

2.9 

2.5 

4.0 

2.6 

4.2 

2.8 

-1.5 

.9 

2.8 

2.2 

-1.1 

3.8 

.6 

3.8 

4.1 

2.4 

-1.8 

.9 

-5.0 

1.1 

.4 

-.7 

13.5 

-2.2 

11.1 

-6.1 

-1.3 

4.0 

.5 

-1.4 

7.6 

-5.7 

-2.3 

1.2 

2.4 

2.3 

2.0 

3.7 

.8 

3.4 

3.5 

2.5 

-12.1 

-.4 

3.8 

2.1 

-.3 

6.3 

2.5 

4.1 

2.1 

.9 

1.1 

-8.2 

-3.0 

5.3 

-2.2 

-6.2 

11.3 

-2.2 

15.4 

-2.9 

1.4 

4.2 

7.7 

-5.6 

6.5 

-4.9 

-3.2 

2.8 

.5 

2.9 

2.3 

4.9 

3.0 

2.0 

2.8 

2.1 

-4.9 

-.2 

4.9 

-.2 

1.3 

6.2 

1.0 

4.2 

1.9 

-.2 

4.8 

-3.5 

-4.2 

7.0 

-1.5 

-3.9 

4.6 

.7 

9.9 

-4.0 

6.9 

5.8 

3.2 

-6.9 

8.1 

.1 

-1.1 

4.3 

.6 

2.4 

4.7 

5.8 

2.8 

3.8 

1.7 

-.4 

-5.0 

3.4 

5.9 

4.2 

-4.0 

3.4 

2.8 

4.2 

5.1 

-.1 

2.6 

-5.6 

-5.3 

6.0 

-1.7 

-2.9 

3.6 

3.0 

6.4 

-3.5 

7.6 

4.5 

3.9 

-6.0 

5.5 

8.1 

-8.7 

5.4 

-1.3 

1.0 

8.0 

7.6 

3.7 

2.3 

2.3 

.8 

10.6 

5.5 

3.4 

3.1 

-8.7 

4.6 

3.0 

2.1 

4.7 

.2 

3.5 

3.1 

-3.1 

4.8 

-4.7 

5.8 

7.6 

5.6 

4.0 

-10.4 

5.9 

3.8 

-1.4 

-4.3 

9.4 

8.8 

-4.6 

-.5 

.5 

-3.8 

7.8 

6.6 

3.0 

1.1 

3.4 

-1.8 

1.9 

9.4 

4.7 

3.5 

-10.3 

9.1 

.5 

-.7 

4.0 

3.4 

5.6 

-12.2 

3.7 

-0.9 

-7.4 

5.5 

7.0 

2.0 

3.5 

-3.7 

6.5 

1.3 

-.2 

-10.2 

7.8 

2.7 

-.8 

5.6 

1.7 

5.1 

5.2 

7.0 

-1.3 

2.5 

4.1 

-.7 

.6 

5.4 

6.2 

-2.0 

-7.6 

2.0 

6.3 

7.4 

.2 

-.9 

-.3 

1.6 

-0.5 

2.9 

-6.9 

15.4 

1.2 

-2.8 

-1.6 

-3.6 

7.5 

-.6 

-1.9 

-1.4 

5.8 

-.5 

4.0 

3.3 

4.1 

2.9 

3.3 

3.2 

1.8 

4.0 

3.6 

-3.0 

1.8 

2.8 

3.0 

2.6 

-.3 

2.9 

5.5 

7.0 

5.1 

-5.6 

1.8 

-2.4 

2.0 

.7 

-3.8 

14.5 

-1.9 

9.2 

-3.9 

-.5 

3.5 

3.1 

-2.3 

6.0 

-4.5 

-2.1 

3.1 

1.5 

2.3 

2.4 

3.7 

2.6 

2.7 

3.5 

2.5 

-6.2 

.1 

3.8 

1.4 

0 

5.4 

1.4 

4.0 

2.7 

1.0 

1.4 

-3.6 

-4.1 

5.9 

-2.6 

-.3 

5.3 

3.1 

6.8 

-6.0 

6.8 

4.7 

1.9 

-5.7 

7.7 

5.7 

-4.8 

3.1 

-.1 

-.1 

6.8 

6.7 

3.2 

2.4 

2.5 

-.5 

2.5 

6.1 

4.7 

3.6 

-7.7 

5.7 

2.1 

1.9 

4.6 

1.2 

3.9 

-4.9 

-1.6 

0 

-4.6 

10.2 

2.4 

3.8 

-2.0 

-.2 

5.6 

1.4 

-2.5 

.5 

3.7 

-1.2 

2.3 

2.6 

2.0 

4.3 

4.7 

4.0 

1.4 

3.1 

2.4 

-1.8 

2.1 

4.2 

3.5 

2.1 

4.4 

5.4 

1.9 

-.3 

-1.7 

-1.6 

51. less transfer payments in 1972 d 

' rate, bBons of dolars] Average for period 

337.3 

337.6 

344.2 

350.3 

383.8 

406.1 

428.0 

425.7 

440.7 

473.4 

487.1 

479.3 

498.6 

518.2 

519.2 

548.0 

565.1 

594.0 

632.4 

674.0 

700.7 

729.3 

767.4 

786.7 

795.5 

830.1 

886.0 

887.3 

856.6 

896.7 

932.5 

987.0 

1,040.3 

1,051.6 

1,065.0 

1,080.0 

328.2 

345.3 

345.0 

356.3 

387.4 

407.7 

432.1 

423.2 

444.5 

473.1 

488.2 

478.7 

503.7 

516.5 

521.4 

551.1 

567.1 

597.2 

633.5 

676.0 

702.5 

732.4 

770.7 

790.0 

798.5 

833.7 

887.4 

883.1 

855.7 

900.6 

940.0 

995.1 

1,046.8 

1,048.4 

1,069.1 

1,078.7 

325.6 

343.3 

343.6 

360.0 

393.9 

405.6 

432.6 

421.2 

448.7 

478.6 

488.4 

474.4 

507.0 

519.9 

522.9 

554.4 

569.4 

601.5 

637.1 

677.5 

704.0 

735.5 

773.0 

793.2 

799.0 

839.2 

887.8 

882.6 

856.0 

904.5 

941.8 

1,004.7 

1,042.4 

1,041.1 

1,070.8 

1,079.3 

327.5 

343.8 

344.1 

364.8 

394.1 

410.5 

434.8 

423.3 

453.4 

476.8 

487.2 

476.1 

509.4 

522.5 

525.8 

555.0 

571.7 

604.9 

642.9 

680.9 

705.1 

740.5 

774.6 

793.2 

801.4 

841.6 

889.1 

885.8 

863.2 

907.6 

948.4 

1,002.6 

1,042.7 

1,035.6 

1,072.5 

1,084.3 

332.4 

350.6 

341.0 

366.5 

398.0 

412.4 

435.4 

423.6 

455.6 

478.3 

489.6 

479.3 

510.5 

522.3 

529.8 

556.7 

574.5 

607.7 

646.4 

685.4 

707.5 

745.3 

777.0 

792.1 

799.5 

831.6 

891.8 

888.4 

865.4 

906.0 

952.5 

1,007.7 

1,044.4 

1,035.9 

1,081.1 

1,076.0 

330.0 

349.0 

339.6 

371.8 

396.9 

408.5 

434.2 

423.7 

461.5 

473.1 

490.5 

488.4 

510.5 

521.4 

530.1 

558.6 

575.2 

610.1 

648.6 

687.7 

710.6 

750.2 

781.2 

793.3 

799.8 

845.9 

898.6 

889.1 

863.9 

909.4 

959.0 

1,016.3 

1,049.5 

1,033.5 

1,088.7 

1,072.2 

329.6 

351.9 

342.4 

378.8 

401.6 

418.2 

431.4 

427.6 

461.8 

479.7 

491.5 

487.0 

504.9 

520.6 

532.7 

559.2 

577.3 

615.3 

651.2 

688.7 

714.1 

752.9 

784.9 

794.7 

803.5 

853.1 

893.9 

884.0 

871.6 

912.3 

960.9 

1,019.6 

1,050.8 

1,033.7 

1,098.3 

1,067.5 

329.0 

352.6 

346.2 

379.7 

399.2 

423.8 

430.3 

430.8 

463.8 

483.3 

490.0 

490.0 

504.1 

519.5 

533.7 

559.4 

580.9 

617.9 

655.7 

689.4 

715.2 

755.0 

786.0 

794.5 

803.5 

854.0 

901.2 

879.3 

875.9 

914.0 

968.7 

1,022.1 

1,050.0 

1,034.1 

1,098.4 

1,066.6 

332.8 

354.5 

340.9 

382.3 

402.1 

423.7 

432.5 

432.5 

467.7 

487.0 

489.2 

491.2 

504.9 

520.5 

538.7 

560.3 

583.8 

617.9 

661.9 

692.4 

713.8 

756.8 

786.7 

786.8 

806.2 

862.4 

904.3 

879.5 

879.1 

915.1 

976.7 

1,029.3 

1,050.6 

1,044.1 

1,092.6 

1,065.6 

333.5 

353.8 

343.6 

385.1 

402.1 

421.9 

432.8 

435.7 

470.0 

487.0 

487.1 

497.7 

510.0 

517.5 

544.2 

562.4 

583.8 

622.7 

666.7 

695.1 

719.3 

759.8 

785.0 

785.8 

808.9 

869.4 

906.8 

871.0 

882.0 

922.8 

979.3 

1,033.4 

1,053.3 

1,050.5 

1,087.6 

1,068.0 

332.2 

349.8 

347.1 

389.2 

402.4 

423.4 

430.1 

438.3 

472.8 

487.3 

483.5 

498.7 

518.0 

514.4 

546.5 

564.5 

587.4 

628.9 

669.7 

695.1 

724.8 

762.8 

787.0 

787.7 

817.2 

874.9 

904.0 

866.0 

880.0 

926.7 

986.0 

1,044.4 

1,054.0 

i.056.4 

1,081.1 

1,072.2 

334.8 

339.7 

344.6 

353.3 

385.7 

404.2 

428.8 

425.1 

441.6 

472.8 

486.8 

479.0 

499.6 

518.4 

519.9 

547.9 

565.3 

593.1 

632.1 

673.4 

701.3 

728.4 

767.1 

787.3 

796.3 

829.6 

884.0 

888.0 

857.4 

895.3 

933.2 

988.1 

1,042.0 

1,052.2 

1,065.1 

1,077.8 

328.5 

345.9 

342.9 

363.8 

395.3 

409.5 

434.3 

422.7 

452.6 

477.9 

488.4 

476.6 

509.0 

521.6 

526.2 

555.4 

571.9 

604.7 

642.1 

681.3 

705.5 

740.4 

774.9 

792.8 

800.0 

837.5 

889.6 

885.6 

861.5 

906.0 

947.6 

1,005.0 

1,043.2 

1,037.5 

1,074.8 

1,079.9 

329.5 

351.2 

342.7 

376.8 

399.2 

416.8 

432.0 

427.4 

462.4 

478.7 

490.7 

488.5 

506.5 

520.5 

532.2 

559.1 

577.8 

614.4 

651.8 

688.6 

713.3 

752.7 

784.0 

794.2 

802.3 

851.0 

897.9 

884.1 

870.5 

911.9 

962.9 

1,019.3 

1,050.1 

1,033.8 

1,095.1 

1,068.8 

332.8 

352.7 

343.9 

385.5 

402.2 

423.0 

431.8 

435.5 

470.2 

487.1 

486.6 

495.9 

511.0 

517.5 

543.1 

562.4 

585.0 

623.2 

666.1 

694.2 

719.3 

759.8 

786.2 

786.8 

810.8 

868.9 

905.0 

872.2 

880.4 

921.5 

980.7 

1,035.7 

1,052.6 

1,050.3 

1,087.1 

1,068.6 

331.4 

347.4 

343.5 

369.8 

395.6 

413.4 

431.7 

427.7 

456.7 

479.1 

488.1 

485.0 

506.5 

519.5 

530.4 

556.2 

575.0 

608.8 

648.0 

684.4 

709.9 

745.3 

778.0 

790.3 

802.3 

846.7 

894.1 

882.5 

867.4 

908.7 

956.1 

1,012.0 

1,047.0 

1,043.5 

1,080.5 

1,073.8 

See footnotes at end of this part. 85 

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Tear 

1947 

1948 

1949 

1950 

1951 

1952 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

1947 

1948 

1949 

1950 

1951 

1952 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

1947 

1948 

1949 

1950 

1951 

1952 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

Jan. 

15.0 

-16.7 

23.7 

-9.4 

-10.5 

8.2 

-10.1 

3.6 

-2.3 

-5.5 

-10.4 

-4.9 

5.7 

11.8 

-4.3 

-1.9 

1.4 

2.7 

.9 

10.1 

-2.0 

.5 

-2.7 

11.4 

11.9 

5.3 

-13.1 

-8.0 

12.4 

.5 

-4.4 

-6.1 

3.1 

5.7 

-7.0 

5.0 

-10.4 

8.0 

-1.3 

4.0 

5.9 

-6.4 

4.7 

2.9 

.1 

-6.3 

.7 

6.6 

1.3 

2.8 

1.9 

7.2 

6.4 

4.5 

3.3 

5.7 

4.1 

.9 

5.0 

10.9 

7.9 

-8.3 

-6.5 

6.8 

4.3 

3.2 

2.7 

-.6 

5.6 

-2.8 

359.8 

356.1 

364.1 

385.7 

406.7 

419.3 

448.1 

449.6 

466.0 

500.0 

514.9 

514.2 

534.3 

558.9 

562.4 

590.0 

615.3 

639.4 

683.6 

724.4 

763.1 

789.8 

836.8 

862.7 

886.5 

924.9 

990.9 

1,009.4 

989.9 

. 1,035.3 

. 1,075.4 

. 1,133.3 

. 1,189.6 

. 1,217.3 

. 1,233.0 

. 1,249.1 

Feb. 

-5.9 

5.5 

-1.0 

-9.7 

-6.6 

24.7 

5.2 

-1.7 

3.0 

3.9 

5.3 

.5 

4.9 

-5.0 

0 

8.0 

3.2 

12.7 

4.1 

7.0 

0 

9.9 

7.0 

2.3 

1.1 

7.8 

10.4 

-8.0 

-4.6 

11.5 

7.2 

5.9 

1.6 

-5.6 

4.3 

6.2 

16.7 

-5.4 

11.0 

-1.8 

5.4 

8.5 

-6.3 

5.8 

.3 

.7 

-3.9 

4.1 

-1.2 

5.6 

3.4 

1.9 

6.8 

3.0 

3.8 

4.3 

4.3 

4.2 

1.5 

5.6 

8.3 

5.8 

-8.9 

-4.7 

9.7 

5.9 

3.7 

.9 

-2.1 

4.9 

-.9 

357.2 

357.9 

364.4 

389.7 

403.8 

426.0 

449.7 

449.8 

467.2 

501.4 

517.3 

514.4 

536.7 

556.9 

564.5 

593.4 

611.8 

642.5 

682.4 

728.7 

764.2 

795.8 

841.9 

865.1 

888.2 

932.9 

998.9 

1,003.2 

991.3 

1,044.7 

1,080.5 

1,137.7 

1,190.5 

1,210.0 

1,236.2 

1,255.7 

Mar. Apr-. _ May June July 

51c. Change in personal income less transfer payments in 1972 dofars 

-28.0 

31.1 

2.8 

22.6 

11.9 

4.8 

12.1 

-6.8 

10.9 

-.8 

2.7 

-1.5 

13.0 

-3.9 

5.2 

7.0 

4.3 

6.7 

2.1 

3.6 

3.1 

5.2 

5.3 

5.2 

4.6 

5.3 

1.9 

-5.5 

-1.3 

5.3 

10.1 

10.3 

7.8 

-3.6 

4.7 

-1.4 

-9.1 

-6.7 

-4.8 

13.2 

22.1 

-6.0 

1.4 

-5.5 

11.9 

14.9 

.5 

-10.3 

8.2 

8.2 

3.5 

7.4 

5.0 

9.0 

7.0 

2.7 

2.6 

5.2 

3.6 

5.0 

.8 

8.2 

.5 

-.7 

.4 

5.3 

2.3 

12.2 

-4.9 

-8.0 

1.9 

.7 

[Annual rate, percent 

7.2 

1.8 

1.8 

17.2 

.6 

15.5 

6.3 

6.1 

13.3 

-4.4 

-2.9 

4.4 

5.8 

6.2 

6.9 

1.3 

5.0 

7.0 

11.5 

6.2 

1.9 

8.5 

2.5 

0 

3.7 

3.5 

1.8 

4.4 

10.6 

4.2 

8.7 

-2.5 

.3 

-6.2 

1.9 

5.7 

19.5 

26.5 

-10.3 

5.7 

12.5 

5.7 

1.7 

.9 

6.0 

3.8 

6.1 

8.4 

2.6 

-.5 

9.5 

3.7 

6.0 

5.7 

6.7 

8.2 

4.2 

8.1 

3.8 

-1.7 

-2.8 

-13.4 

3.7 

3.6 

3.1 

-2.1 

5.3 

6.3 

2.0 

.3 

10.1 

-8.8 

-8.3 

-5.3 

-4.8 

18.8 

-3.3 

-10.8 

-3.3 

.3 

16.7 

-12.3 

2.2 

25.3 

0 

-2.0 

.7 

4.2 

1.5 

4.8 

4.2 

4.1 

5.4 

8.2 

6.7 

1.8 

.5 

22.7 

9.5 

.9 

-2.1 

4.6 

8.5 

10.7 

6.0 

-2.7 

8.8 

-4.2 

51c. Change in personal income less transfer payments in 1972 dofars 

-14.9 

8.8 

-1.0 

7.8 

8.4 

7.1 

6.1 

-4.7 

8.5 

5.8 

2.8 

-3.9 

8.6 

-.4 

2.9 

7.5 

4.2 

9.4 

4.4 

4.4 

1.9 

6.7 

5.3 

4.1 

2.1 

7.1 

4.2 

-4.8 

-1.8 

7.4 

6.5 

9.4 

1.4 

-5.8 

3.6 

1.8 

347.9 

367.4 

367.0 

398.8 

407.2 

427.7 

454.1 

448.0 

471.7 

501.2 

518.8 

514.9 

541.8 

555.7 

566.3 

596.9 

614.1 

645.9 

683.5 

730.7 

767.4 

801.9 

845.4 

868.9 

892.0 

936.8 

999.9 

998.8 

991.6 

1,047.3 

1,089.1 

1,145.6 

1,197.3 

1,206.4 

1,240.9 

1,256.0 

-11.1 

7.6 

-.1 

17.6 

11.2 

4.4 

6.5 

-2.2 

12.0 

2.9 

.1 

-2.6 

8.9 

3.4 

5.2 

5.2 

4.8 

7.5 

6.8 

4.2 

2.5 

6.3 

3.8 

3.3 

3.0 

5.7 

1.4 

-.7 

3.1 

5.0 

7.0 

6.5 

.9 

-5.9 

2.8 

1.6 

345.5 

364.7 

365.4 

390.4 

414.0 

425.7 

454.6 

446.2 

475.7 

506.8 

519.6 

512.1 

544.9 

559.2 

567.3 

599.7 

616.5 

650.5 

687.5 

731.9 

768.0 

805.8 

848.1 

886.4 

892.6 

940.7 

1,000.4 

1,001.8 

994.3 

1,050.6 

1,091.2 

1,153.8 

1,194.1 

1,200.1 

1,241.6 

1,258.1 

[Annual rate, percent] 

5.2 

6.3 

-4.6 

12.0 

11.4 

4.7 

3.1 

.4 

10.4 

4.5 

1.2 

.5 

5.5 

4.6 

6.6 

4.1 

5.3 

7.2 

8.4 

5.7 

2.9 

7.2 

3.3 

1.1 

.5 

-1.0 

2.0 

2.4 

4.6 

2.4 

5.4 

5.2 

-.9 

-4.7 

4.6 

-1.0 

52. Personal 

5.5 

6.8 

-4.6 

13.8 

3.1 

2.9 

1.5 

2.4 

11.9 

-4.5 

1.7 

12.3 

2.8 

1.2 

5.6 

3.1 

4.1 

5.8 

7.4 

6.2 

3.8 

8.2 

4.3 

.1 

.4 

3.2 

5.0 

3.0 

3.7 

2.2 

7.5 

4.7 

2.8 

-2.9 

6.9 

-2.6 

2.6 

9.8 

-2.0 

16.3 

7.8 

7.7 

-3.1 

4.1 

7.6 

2.5 

3.6 

9.5 

-3.5 

-1.4 

5.4 

3.1 

4.0 

7.1 

5.3 

4.7 

5.2 

6.9 

5.4 

.8 

1.1 

5.6 

2.2 

-.8 

3.9 

2.1 

5.4 

7.0 

3.1 

-.7 

10.0 

-6.1 

income in 1972 dofars 

[Annual rate, Mfans of dofars] 

346.9 

363.7 

365.8 

389.9 

414.9 

431.2 

456.6 

448.3 

480.5 

505.2 

519.6 

514.6 

547.1 

562.1 

571.4 

600.3 

618.9 

654.0 

693.1 

734.9 

769.3 

811.3 

849.8 

879.0 

895.0 

943.6 

1,001.8 

1,005.3 

1,003.3 

1,052.8 

1,095.6 

1,150.8 

1,193.6 

1,196.3 

1,242.5 

1,263.8 

352.2 

370.5 

362.9 

390.5 

419.2 

432.9 

457.8 

448.6 

482.9 

506.7 

521.9 

517.2 

548.3 

562.5 

576.6 

602.2 

622.1 

656.6 

696.6 

739.1 

771.9 

816.1 

852.0 

878.2 

910.9 

933.8 

1,004.3 

1,008.3 

1,021.1 

1,052.0 

1,097.7 

1,155.2 

1,194.0 

1,196.5 

1,251.6 

1,254.3 

350.7 

368.6 

362.2 

393.2 

417.7 

429.2 

456.3 

449.4 

488.8 

501.5 

522.7 

526.8 

548.5 

561.6 

577.4 

604.3 

622.6 

659.4 

699.4 

741.8 

775.8 

821.6 

856.7 

880.3 

898.1 

948.3 

1,011.4 

1,012.8 

1,009.1 

1,058.7 

1,109.0 

1,167.8 

1,206.4 

1,207.7 

1,266.0 

1,256.0 

Aug. Sept. 

over 1-month spans4 

-1.4 

10.4 

10.4 

25.1 

15.2 

32.5 

-7.5 

11.6 

.8 

18.1 

2.5 

-3.4 

-12.4 

-1.8 

6.0 

1.3 

4.5 

10.7 

4.9 

1.8 

6.1 

4.4 

5.8 

2.1 

5.7 

10.7 

-6.1 

-6.7 

11.2 

3.9 

2.4 

4.0 

1.5 

.2 

11.1 

-5.1 

-2.2 

2.4 

14.2 

2.9 

-6.9 

17.3 

-3.0 

9.4 

5.3 

9.4 

-3.6 

7.6 

-1.9 

-2.5 

2.3 

.4 

7.7 

5.2 

8.6 

1.2 

1.9 

3.4 

1.7 

-.3 

0 

1.3 

10.3 

-6.2 

6.1 

2.3 

10.2 

3.0 

-.9 

.5 

.1 

-1.0 

over 3-month spans4 

-4.0 

2.3 

6.2 

15.2 

1.2 

11.5 

-4.6 

7.0 

7.4 

4.2 

.3 

9.2 

-4.9 

-2.1 

3.0 

2.0 

4.5 

6.9 

5.9 

2.4 

4.4 

5.3 

4.7 

1.2 

2.0 

11.2 

4.3 

-4.0 

4.9 

3.6 

7.0 

5.8 

2.2 

-.7 

6.6 

-3.4 

349.3 

371.5 

365.2 

399.5 

422.6 

440.5 

453.8 

453.1 

489.2 

508.6 

523.6 

525.7 

542.7 

561.2 

577.9 

605.2 

624.8 

664.6 

701.2 

744.5 

779.3 

825.2 

860.6 

882.8 

902.1 

955.8 

1,006.9 

1,007.3 

1,017.1 

1,061.0 

1,110.9 

1,171.3 

1,208.5 

1,206.0 

1,274.7 

1,250.8 

3.4 

6.5 

1.5 

11.8 

5.3 

15.7 

-1.6 

8.6 

5.5 

12.3 

-1.1 

2.3 

-4.3 

-.7 

6.6 

1.2 

6.1 

5.2 

8.5 

2.8 

1.8 

3.6 

2.8 

-3.2 

3.2 

8.0 

2.6 

-4.2 

7.2 

2.5 

7.6 

5.2 

.4 

4.2 

1.4 

-2.4 

367.9 

371.9 

369.6 

399.7 

420.0 

445.7 

452.4 

456.7 

491.3 

512.3 

522.1 

528.6 

542.5 

560.7 

578.4 

605.0 

628.7 

667.4 

719.4 

748.1 

780.1 

827.2 

861.7 

884.5 

904.0 

956.5 

1,015.2 

1,002.3 

1,021.7 

1,062.0 

1,118.8 

1,172.7 

1,206.9 

1,207.5 

1,274.4 

1,251.2 

Oct. 

14.8 

6.7 

-16.9 

8.5 

9.1 

-.3 

6.3 

4.8 

10.6 

9.6 

-1.9 

3.0 

1.9 

2.3 

11.8 

1.9 

6.2 

0 

12.0 

5.3 

-2.3 

2.9 

1.1 

-11.0 

4.1 

12.5 

4.2 

.3 

4.5 

1.5 

10.4 

8.8 

.7 

12.2 

-6.2 

-1.1 

4.8 

2.2 

1.4 

6.8 

.5 

3.6 

1.3 

7.8 

7.3 

6.2 

-3.5 

9.1 

4.1 

-2.4 

8.9 

2.3 

4.6 

4.9 

9.9 

3.8 

2.9 

3.7 

.1 

-4.4 

2.7 

7.9 

5.9 

-5.8 

4.9 

4.7 

7.9 

5.5 

1.0 

6.7 

-3.8 

.2 

354.8 

373.4 

363.9 

403.6 

423.3 

445.3 

456.0 

459.7 

495.3 

516.0 

522.9 

529.8 

543.5 

561.7 

583.5 

607.3 

631.8 

667.3 

714.7 

751.2 

779.3 

829.2 

863.1 

878.3 

905.6 

972.8 

1,018.4 

1,003.8 

1,025.1 

1,062.4 

1,126.9 

1,179.6 

1,207.7 

1,217.1 

1,268.1 

1,253.7 

Nov. 

2.6 

-2.3 

9.9 

9.2 

0 

-5.0 

.8 

9.2 

6.1 

0 

-5.0 

17.1 

12.8 

-6.7 

13.0 

4.6 

0 

9.7 

9.1 

4.8 

9.6 

4.9 

-2.6 

-1.5 

4.1 

10.2 

3.4 

-11.0 

4.0 

10.6 

3.2 

4.9 

3.1 

7.6 

-5.4 

2.7 

3.9 

-3.1 

1.0 

10.4 

3.2 

-.4 

-.2 

7.1 

8.0 

3.4 

-5.2 

7.3 

11.5 

-3.9 

9.9 

3.7 

4.6 

7.3 

8.8 

3.3 

5.5 

4.2 

.5 

-3.4 

7.0 

10.2 

1.2 

-5.9 

1.9 

5.7 

7.3 

9.0 

1.5 

8.9 

-6.2 

2.1 

353.5 

372.6 

366.8 

405.8 

422.7 

443.5 

455.4 

462.3 

497.5 

515.9 

520.9 

535.2 

549.4 

559.4 

589.1 

608.8 

631.7 

672.0 

719.9 

755.4 

785.1 

832.3 

861.3 

876.7 

909.5 

983.3 

1,020.5 

996.0 

1,026.7 

1,071.8 

1,130.6 

1,183.8 

1,210.8 

1,222.1 

1,263.8 

1,259.9 

Dec. 

-4.6 

-12.8 

12.9 

13.6 1 

•9 

4.4 

-7.2 

7.4 

7.4 

.7 

-8.5 

2.4 

20.5 

-7.0 

5.2 

4.6 

7.7 1 

12.6 

5.5 

o 9.6 

4.8 

3.1 

2.9 

13.0 

7.9 

-3.6 

-6.7 

-2.7 

5.2 

8.5 

13.5 ! 

•8 

7.0 

-6.9 

4.8 

4.0 1 

-10.8 

15.4 

3.9 

-3.3 

2.4 

-5.6 

6.7 

3.6 

-1.6 

-8.0 

4.5 

12.9 

-1.0 

4.4 

2.4 

3.0 

8.3 

5.1 

4.9 

5.6 

3.4 

-.8 

4.1 

9.6 

7.8 

-4.7 

-8.6 

4.4 

5.3 

2.3 

3.8 

2.3 

6.8 

-6.4 

3.9 

352.1 

369.2 

370.9 

409.4 

422.3 

445.4 

453.2 

465.1 

500.6 

516.4 

517.9 

536.3 

557.2 

556.9 

591.9 

610.6 

636.2 

678.9 

723.3 

756.5 

790.8 

835.7 

863.9 

879.6 

917.4 

987.3 

1,017.2 

995.0 

1,025.4 

1,075.6 

1,137.2 

1,195.4 

1,212.2 

1,227.9 

1,257.5 

1,264.9 

^IQ 

17.2 

-5.0 

12.2 

-1.4 

6.3 

8.5 

-6.2 

5.8 

.3 

.8 

-3.8 

4.3 

-1.1 

5.7 

3.6 

1.9 

6.9 

3.0 

3.8 

4.4 

4.4 

4.3 

1.6 

5.7 

8.3 

5.9 

-8.9 

-4.6 

9.7 

5.9 

3.9 

1.1 

-2.0 

4.9 

-.7 

10.2 

-5.6 

8.9 

1.8 

5.5 

6.8 

-5.8 

6.3 

3.0 

1.2 

-4.7 

4.5 

1.7 

3.3 

4.6 

2.7 

7.8 

4.6 

4.2 

3.2 

5.6 

4.5 

2.2 

4.2 

8.8 

6.0 

-7.3 

-4.3 

8.0 

5.6 

5.4 

1.7 

-2.8 

4.7 

-.6 

355.0 

360.5 

365.2 

391.4 

405.9 

424.3 

450.6 

449.1 

468.3 

500.9 

517.0 

514.5 

537.6 

557.2 

564.4 

593.4 

613.7 

642.6 

683.2 

727.9 

764.9 

795.8 

841.4 

865.6 

888.9 

931.5 

996.6 

1,003.8 

990.9 

1,042.4 

1,081.7 

1,138.9 

1,192.5 

1,211.2 

1,236.7 

1 1,253.6 

ii Q 

5.9 

7.2 

-4.4 

12.0 

11.7 

5.1 

3.1 

.5 

10.4 

4.8 

1.2 

.8 

5.5 

4.6 

6.6 

4.1 

5.3 

7.2 

8.4 

5.7 

2.9 

7.3 

3.3 

1.1 

.6 

-.6 

2.0 

2.4 

4.7 

2.5 

5.4 

5.3 

-.9 

-4.6 

4.6 

-.8 

-0.1 

6.9 

-3.1 

14.5 

8.6 

4.0 

3.7 

.2 

11.4 

1.0 

1.0 

3.4 

5.7 

3.1 

5.8 

4.1 

4.7 

6.8 

7.5 

5.4 

3.1 

7.2 

3.8 

1.5 

1.3 

2.6 

2.8 

1.6 

3.8 

3.2 

6.6 

5.5 

.9 

-4.5 

4.8 

-.7 

348.2 

366.3 

364.7 

390.3 

416.0 

429.9 

456.3 

447.7 

479.7 

506.2 

520.4 

514.6 

546.8 

561.3 

571.8 

600.7 

619.2 

653.7 

692.4 

735.3 

769.7 

811.1 

850.0 

881.2 

899.5 

939.4 

1,002.2 

1,005.1 

1,006.2 

1,051.8 

1,094.8 

1,153.3 

1,193.9 

1,197.6 

1,245.2 

1,258.7 

III Q IV Q 

Average for period 

-4.0 

2.5 

6.6 

15.6 

1.7 

13.0 

-4.6 

7.1 

7.6 

5.1 

.4 

9.8 

-4.8 

-2.1 

3.0 

2.0 

4.6 

6.9 

5.9 

2.4 

4.5 

5.3 

4.7 

1.2 

2.1 

11.6 

4.6 

-4.0 

5.1 

3.6 

7.0 

5.9 

2.2 

-.7 

6.7 

-3.4 

4.3 

-2.8 

2.0 

10.4 

3.3 

-.3 

0 

7.1 

8.0 

3.4 

-5.1 

7.5 

11.7 

-3.8 

10.0 

3.7 

4.6 

7.4 

8.9 

3.4 

5.6 

4.2 

.5 

-3.2 

7.1 

10.2 

1.3 

-5.8 

1.9 

5.8 

7.4 

9.1 

1.5 

8.9 

-6.2 

2.1 

Average for period 

0.7 

6.2 

1.9 

14.4 

4.8 

11.6 

-3.1 

6.6 

6.8 

6.3 

.9 

7.0 

-4.2 

-1.4 

5.0 

2.1 

4.9 

6.4 

6.6 

3.3 

3.8 

5.3 

4.3 

-.4 

2.1 

8.3 

3.0 

-3.0 

5.3 

2.7 

6.7 

6.0 

1.9 

.9 

6.0 

-4.0 

4.2 

-3.9 

5.9 

7.0 

.1 

1.9 

-1.5 

7.2 

6.3 

2.7 

-5.6 

7.0 

9.5 

-2.4 

7.7 

2.8 

4.1 

6.8 

7.9 

4.0 

4.7 

3.8 

-.1 

-1.2 

6.4 

8.6 

.8 

-6.8 

3.7 

5.2 

5.8 

6.1 

1.6 

7.5 

-5.5 

2.1 

Average for period 

356.0 

370.7 

365.7 

397.5 

420.1 

438.5 

454.2 

453.1 

489.8 

507.5 

522.8 

527.0 

544.6 

561.2 

577.9 

604.8 

625.4 

663.8 

706.7 

744.8 

778.4 

824.7 

859.7 

882.5 

901.4 

953.5 

1,011.2 

1,007.5 

1,016.0 

1,060.6 

1,112.9 

1,170.6 

1,207.3 

1,207.1 

1,271.7 

1,252.7 

353.5 

371.7 

367.2 

406.3 

422.8 

444.7 

454.9 

462.4 

497.8 

516.1 

520.6 

533.8 

550.0 

559.3 

588.2 

608.9 

633.2 

672.7 

719.3 

754.4 

785.1 

832.4 

862.8 

878.2 

910.8 

981.1 

1,018.7 

998.3 

1,025.7 

1,069.9 

1,131.6 

1,186.3 

1,210.2 

1,222.4 

1,263.1 

1,259.5 

Annual 

6.0 

-.2 

12.6 

3.8 

6.0 

1.8 

2.1 

8.0 

3.4 

-.7 

3.6 

4.2 

-.6 

6.3 

3.3 

4.1 

7.1 

6.5 

3.8 

4.4 

5.3 

3.2 

.2 

3.8 

7.4 

3.4 

-4.1 

1.8 

5.4 

6.4 

6.1 

1.0 

.4 

2.5 

-.7 

4.8 

-.2 

11.2 

3.8 

5.8 

1.5 

2.0 

7.7 

3.2 

-.6 

3.2 

3.9 

.2 

5.4 

3.4 

4.1 

7.0 

6.7 

4.2 

3.7 

5.5 

3.1 

.5 

3.5 

7.1 

3.2 

-3.9 

2.1 

4.8 

6.2 

5.8 

1.5 

.3 

2.5 

-.8 

353.2 

367.3 

365.7 

396.4 

416.2 

434.4 

454.0 

453.1 

483.9 

507.7 

520.2 

522.5 

544.7 

559.7 

575.6 

602.0 

622.9 

658.2 

700.4 

740.6 

774.5 

816.0 

853.4 

876.9 

900.2 

951.4 

1,007.2 

1,003.7 

1,009.7 

1,056.2 

1,105.2 

1,162.2 

1,201.0 

1,209.6 

1,254.2 

1,256.1 

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Year 

Jan. Feb. Mar. 

Monthly 

Apr. May June July Aug. Sept. Oct. Nov. Dec. 

Quarterly 

IQ IIQ III Q IV Q Annual 

53. Wages and salaries in 1972 dollars, mining, manufacturing, and construction 

[Annual rate, billions of dollars] Average for period 

1947 95.8 

1948 99.8 

1949 101.6 

1950 98.0 

1951 115.5 

1952 120.8 

1953 135.1 

1954 129.7 

1955 134.1 

1956 148.1 

1957 153.6 

1958 142.8 

1959 149.0 

1960 158.9 

1961 150.3 

1962 159.9 

1963 166.1 

1964 171.0 

1965 184.7 

1966 196.7 

1967 207.3 

1968 210.5 

1969 221.1 

1970 220.6 

1971 210.1 

1972 216.4 

1973 232.3 

1974 233.3 

1975 213.2 

1976 216.6 

1977 223.0 

1978 235.1 

1979 251.3 

1980 241.5 

1981 234.0 

1982 223.0 

1947 9,583 

1948 10,883 

1949 10,949 

1950 11,339 

1951 13,885 

1952 13,030 

1953 14,352 

1954 13,712 

1955 14,765 

1956 15,495 

1957 16,329 

1958 16,659 

1959 17,583 

1960 18,092 

1961 17,953 

1962 19,009 

1963 20,301 

1964 21,046 

1965 22,918 

1966 24,919 

1967 23,963 

1968 25,440 

1969 28,220 

1970 29,796 

1971 32,253 

1972 35,100 

1973 41,315 

1974 43,168 

1975 46,358 

1976 52,879 

1977 57,330 

1978 61,641 

1979 71,489 

1980 79,425 

1981 85,355 

1982 86,542 

1947 31,180 

1948 34,353 

1949 35,053 

1950 33,632 

1951 45,242 

1952 43,279 

1953 47,760 

1954 45,968 

1955 49,320 

1956 53,110 

1957 56,568 

1958 54,173 

1959 57,833 

1960 62,107 

1961 58,612 

1962 64,443 

1963 66,555 

1964 71,643 

1965 77,123 

1966 84,827 

1967 88,945 

1968 95,049 

1969 101,595 

1970 106,650 

1971 110,955 

1972 123,106 

1973 144,983 

1974 166,356 

1975 179,416 

1976 194,856 

1977 217,362 

1978 236,637 

1979 279,290 

1980 321,857 

1981 355,151 

1982 340,746 

95.8 

99 4 

100.9 

96.9 

115.1 

121.9 

136.5 

129.7 

135.4 

148.2 

154.4 

139.4 

150.1 

159.1 

149.8 

161.3 

165.9 

174.3 

186.4 

198.4 

205.2 

213.4 

221.2 

219.7 

209.7 

218.4 

234.7 

232.2 

208.3 

217.9 

225.0 

236.6 

251.0 

240.2 

230.8 

223.8 

95.1 

101.3 

98.7 

100.7 

116.9 

122.9 

137.7 

129.0 

137.4 

148.9 

153.8 

138.3 

152.6 

158.3 

150.5 

162.6 

166.2 

175.3 

186.9 

199.8 

205.8 

213.7 

222.6 

220.2 

210.1 

220.6 

233.7 

231.0 

206.8 

218.9 

227.3 

239.7 

251.8 

237.7 

231.5 

222.7 

95.1 

98.3 

97.2 

103.1 

118.7 

121.1 

137.8 

128.6 

138.6 

151.3 

152.7 

136.0 

154.4 

157.5 

151.8 

164.5 

167.1 

176.6 

185.9 

201.5 

205.5 

214.6 

223.0 

217.8 

210.8 

221.6 

234.2 

230.5 

205.7 

220.0 

229.1 

244.2 

249.8 

233.9 

231.6 

221.6 

96.6 

99.6 

96.6 

105.4 

118.3 

122.0 

138.0 

128.6 

141.1 

149.8 

151.6 

136.0 

156.2 

158.0 

153.2 

164.0 

168.5 

177.0 

187.5 

202.0 

204.9 

216.4 

223.9 

215.2 

212.3 

222.0 

234.2 

231.2 

206.9 

220.8 

231.2 

244.0 

248.8 

230.4 

231.3 

220.2 

96.6 

100.6 

94.9 

106.7 

119.4 

120.6 

137.0 

128.2 

141.8 

150.2 

152.1 

137.5 

156.9 

156.7 

155.3 

164.4 

169.1 

177.6 

188.0 

204.1 

205.4 

216.2 

224.2 

215.5 

211.3 

222.3 

235.2 

231.0 

206.8 

220.0 

233.4 

245.2 

248.2 

227.8 

232.2 

217.4 

95.6 

100.8 

96.0 

109.4 

119.6 

115.9 

137.6 

127.6 

142.7 

147.1 

151.3 

139.2 

156.1 

156.4 

155.4 

165.0 

169.1 

178.8 

188.5 

204.3 

206.1 

216.4 

224.7 

215.7 

210.7 

221.1 

237.2 

229.9 

205.6 

221.0 

233.8 

246.3 

248.5 

226.6 

231.7 

215.5 

96.0 

102.2 

95.3 

112.0 

119.4 

124.6 

136.6 

127.7 

142.9 

150.9 

151.3 

141.3 

152.0 

155.2 

156.4 

164.7 

169.1 

180.4 

189.9 

205.1 

207.8 

216.3 

225.1 

214.8 

210.3 

223.7 

233.4 

229.4 

208.9 

221.7 

234.0 

246.6 

246.4 

229.4 

231.0 

213.3 

96.1 

102.0 

96.3 

112.1 

119.0 

129.4 

134.2 

127.7 

143.4 

152.5 

149.8 

142.8 

151.6 

154.1 

154.7 

165.2 

170.5 

181.5 

190.5 

205.6 

206.3 

217.6 

225.1 

212.1 

210.5 

225.1 

235.0 

227.6 

210.2 

221.8 

235.9 

247.5 

246.6 

230.2 

228.3 

211.9 

97.2 

102.4 

92.6 

115.0 

117.9 

130.6 

134.3 

130.1 

145.0 

153.8 

148.8 

142.1 

150.6 

153.7 

157.7 

164.8 

171.0 

178.9 

192.5 

205.8 

205.9 

218.7 

224.8 

206.8 

211.1 

227.4 

235.4 

226.6 

210.8 

221.3 

236.9 

248.0 

244.4 

231.0 

227.6 

208.9 

97.9 

103.2 

93.7 

116.3 

118.6 

132.3 

133.0 

132.7 

146.9 

153.2 

147.5 

147.1 

152.2 

151.9 

160.0 

165.4 

171.4 

181.5 

194.1 

206.1 

208.9 

220.1 

222.6 

205.5 

211.5 

228.8 

236.2 

219.7 

211.2 

224.2 

237.2 

249.6 

242.3 

232.1 

225.3 

207.9 

98.5 

102.7 

95.9 

116.0 

119.8 

134.4 

131.5 

133.3 

147.3 

155.1 

145.3 

147.7 

156.8 

148.9 

160.8 

165.8 

172.6 

184.3 

195.8 

206.2 

210.5 

220.6 

223.0 

208.9 

214.4 

230.0 

236.2 

216.5 

213.2 

2251 

236.1 

251.0 

241.7 

232.4 

222.5 

208.6 

95.6 

100.2 

100.4 

98.5 

115.8 

121.9 

136.4 

129.5 

135.6 

148.4 

153.9 

140.2 

150.6 

158.8 

150.2 

161.3 

166.1 

173.5 

186.0 

198.3 

206.1 

212.5 

221.6 

220.2 

210.0 

218.5 

233.6 

232.2 

209.4 

217.8 

225.1 

237.1 

251.4 

239.8 

232.1 

223.2 

96.1 

99.5 

96.2 

105.1 

118.8 

121.2 

137.6 

128.5 

140.5 

150.4 

152.1 

136.5 

155.8 

157.4 

153.4 

164.3 

168.2 

177.1 

187.1 

202.5 

205.3 

215.7 

223.7 

216.2 

211.5 

222.0 

234.5 

230.9 

206.5 

220.3 

231.2 

244.5 

248.9 

230.7 

231.7 

219.7 

95.9 

101.7 

95.9 

111.2 

119.3 

123.3 

136.1 

127.7 

143.0 

150.2 

150.8 

141.1 

153.2 

155.2 

155 5 

165.0 

169.6 

180.2 

189.6 

205.0 

206.7 

216.8 

225.0 

214.2 

210.5 

223.3 

235.2 

229.0 

208.2 

221.5 

234.6 

246.8 

247.2 

228.7 

230.3 

213.6 

97.9 

102.8 

94.1 

115.8 

118.8 

132.4 

132.9 

132.0 

146.4 

154.0 

147.2 

145.6 

153.2 

151.5 

159.5 

165.3 

171.7 

181.6 

194.1 

206.0 

208.4 

219.8 

223.5 

207.1 

212.3 

228.7 

235.9 

220.9 

211.7 

223.5 

236.7 

249.5 

242.8 

231.8 

225.1 

208.5 

96.4 

101.0 

96.6 

107.6 

118.2 

124.7 

135.8 

129.4 

141.4 

150.8 

151.0 

140.8 

153.2 

155.7 

154.7 

164.0 

168.9 

178.1 

189.2 

203.0 

206.6 

216.2 

223.4 

214.4 

211.1 

223.1 

234.8 

228.2 

209.0 

220.8 

231.9 

244.5 

247.6 

232.8 

229.8 

216.2 

54. Sales of retai stores in 

[MWons of dollars] Total for period 

9,852 

10,866 

11,099 

11,589 

13,716 

13,274 

14,325 

14,055 

14,896 

15,370 

16,635 

16,374 

17,712 

18,159 

17,889 

19,011 

20,148 

21,143 

23,063 

24,993 

23,579 

25,748 

28,449 

29,989 

32,527 

35,380 

41,861 

43,339 

47,184 

52,904 

58,509 

62,816 

71,615 

78,816 

86,058 

88,049 

9,769 

11,021 

11,191 

11,674 

13,021 

12,890 

14,418 

14,020 

15,005 

15,663 

16,453 

16,319 

17,860 

18,139 

18,078 

19,331 

20,309 

21,296 

22,834 

25,430 

23,760 

26,330 

28,276 

29,963 

32,657 

36,111 

42,012 

43,905 

46,182 

52,966 

58,888 

64,352 

72,937 

77,721 

86,978 

87,701 

9,947 

11,210 

11,290 

11,716 

12,735 

13,208 

14,218 

13,991 

15,255 

15,516 

16,493 

16,535 

17,871 

18,615 

17,758 

19,436 

20,397 

21,472 

23,026 

25,084 

23,871 

26,313 

28,504 

30,074 

33,155 

36,235 

41,969 

44,593 

46,667 

53,709 

59,441 

65,847 

73,485 

77,191 

86,746 

10,061 

10,906 

11,223 

11,916 

12,840 

13,708 

14,167 

13,957 

15,260 

15,771 

16,534 

16,517 

18,011 

18,337 

18,025 

19,568 

20,268 

21,762 

23,383 

24,653 

23,871 

26,446 

28,660 

30,551 

33,092 

36,836 

41,980 

44,895 

48,556 

53,296 

59,714 

66,937 

74,006 

77,409 

86,939 

90,813 

10,146 

11,173 

11,217 

12,345 

12,792 

13,885 

14,146 

14,272 

15,126 

15,797 

16,820 

16,476 

18,175 

18,312 

18,159 

19,317 

20,419 

21,779 

23,243 

25,222 

24,430 

26,898 

28,605 

30,784 

33,664 

36,938 

42,057 

45,200 

48,862 

54,418 

59,523 

67,652 

74,447 

78,754 

87,948 

88,603 

10,176 

11,257 

10,993 

13,300 

12,651 

13,512 

14,090 

13,991 

15,404 

15,744 

16,799 

16,746 

18,169 

18,128 

18,145 

19,623 

20,656 

21,887 

23,622 

25,328 

24,324 

27,239 

28,628 

30,948 

33,633 

37,208 

42,459 

45,785 

49,469 

54,614 

60,524 

67,628 

74,485 

79,794 

87,759 

89,469 

10,141 

11,331 

11,106 

13,349 

12,936 

13,212 

14,017 

13,996 

15,418 

15,826 

16,967 

16,853 

18,285 

18,190 

18,345 

19,745 

20,630 

22,195 

23,697 

25,615 

24,413 

27,538 

28,937 

30,979 

34,101 

37,628 

42,316 

46,981 

50,032 

54,934 

60,822 

67,897 

76,458 

80,439 

88,775 

89,069 

10,462 

11,230 

11,263 

12,694 

12,855 

13,430 

14,007 

14,073 

15,677 

15,906 

16,841 

16,745 

18,046 

18,173 

18,377 

19,804 

20,579 

22,404 

23,760 

25,667 

24,841 

27,059 

29,279 

31,107 

34,477 

38,004 

42,975 

46,208 

50,359 

54,967 

61,039 

68,811 

77,271 

80,970 

88,562 

89,897 

10,609 

11,240 

11,160 

12,358 

13,094 

14,047 

14,060 

14,081 

15,715 

15,933 

16,782 

16,662 

18,178 

18,333 

18,708 

20,115 

20,937 

21,538 

24,373 

25,557 

24,739 

27,789 

29,473 

31,155 

34,816 

38,923 

43,258 

45,775 

50,424 

55,545 

62,009 

69,862 

77,095 

82,442 

87,231 

90,905 

10,792 

11,159 

11,221 

12,069 

13,099 

13,891 

13,855 

14,406 

15,652 

16,106 

16,699 

17,048 

17,699 

18,071 

18,840 

20,220 

20,701 

21,740 

24,667 

25,566 

25,121 

28,211 

29,532 

30,723 

35,520 

39,240 

43,880 

45,526 

51,143 

56,224 

62,630 

70,567 

77,768 

83,024 

87,358 

92,492 

10,842 

11,404 

11,052 

12,959 

12,924 

14,266 

13,719 

14,671 

15,531 

16,193 

16,647 

17,605 

17,617 

17,939 

18,847 

20,216 

21,156 

22,751 

24,755 

25,384 

25,801 

28,113 

29,812 

31,595 

35,336 

40,151 

42,828 

45,285 

51,923 

57,553 

62,254 

71,549 

78,264 

83,741 

87,409 

92,459 

29,204 

32,770 

33,239 

34,602 

40,622 

39,194 

43,095 

41,787 

44,666 

46,528 

49,417 

49,352 

53,155 

54,390 

53,920 

57,351 

60,758 

63,485 

68,815 

75,342 

71,302 

77,518 

84,945 

89,748 

97,437 

106,591 

125,188 

130,412 

139,724 

158,749 

174,727 

188,809 

216,041 

235,962 

258,391 

262,292 

30,154 

33,289 

33,730 

35,977 

38,367 

40,801 

42,531 

42,220 

45,641 

47,084 

49,847 

49,528 

54,057 

55,264 

53,942 

58,321 

61,084 

65,013 

69,652 

74,959 

72,172 

79,657 

85,769 

91,409 

99,911 

110,009 

126,006 

134,688 

144,085 

161,423 

178,678 

200,436 

221,938 

233,354 

261,633 

267,884 

30,779 

33,818 

33,362 

39,343 

38,442 

40,154 

42,114 

42,060 

46,499 

47,476 

50,607 

50,344 

54,500 

54,491 

54,867 

59,172 

61,865 

66,486 

71,079 

76,610 

73,578 

81,836 

86,844 

93,034 

102,211 

112,840 

127,750 

138,974 

149,860 

164,515 

182,385 

204,336 

228,214 

241,203 

265,096 

268,435 

32,243 

33,803 

33,433 

37,386 

39,117 

42,204 

41,634 

43,158 

46,898 

48,232 

50,128 

51,315 

53,494 

54,343 

56,395 

60,551 

62,794 

66,029 

73,795 

76,507 

75,661 

84,113 

88,817 

93,473 

105,672 

118,314 

129,966 

136,586 

153,490 

169,322 

186,893 

211,978 

233,127 

249,207 

261,998 

275,856 

122,406 

133,619 

133,783 

147,213 

156,548 

162,353 

169,094 

169,135 

183,851 

189,729 

200,002 

200,353 

215,413 

219,529 

218,992 

235,563 

246,666 

261,870 

284,128 

303,956 

292,956 

324,358 

346,717 

368,403 

406,234 

449,069 

509,538 

540,988 

588,146 

657,375 

725,220 

807,426 

900,558 

962,816 

1,047,573 

1,075,679 

56. Manufacturing jind trade sales in current dolars 

s of dolars] Total for period 

31,592 

34,131 

34,737 

34,464 

44,583 

43,664 

48,392 

46,435 

49,828 

52,874 

57,006 

53,102 

58,621 

61,713 

58,931 

64,423 

67,679 

71,616 

77,347 

85,383 

88,335 

95,094 

102,253 

107,158 

112,191 

122,614 

147,142 

168,518 

178,724 

196,244 

221,248 

243,174 

280,384 

322,735 

355,316 

345,687 

31,873 

34,380 

34,489 

34,893 

43,983 

43,296 

48,987 

46,183 

50,744 

53,235 

56,597 

52,493 

59,379 

61,274 

59,884 

65,310 

67,774 

71,442 

78,986 

87,179 

88,831 

95,883 

103,090 

106,394 

113,153 

124,722 

148,545 

172,005 

173,783 

197,958 

224,939 

246,559 

290,362 

318,712 

356,688 

347,061 

32,231 

34,890 

34,189 

35,474 

43,250 

43,767 

48,935 

46,640 

51,334 

53,660 

55,770 

52,286 

60,322 

61,637 

59,467 

65,461 

68,420 

72,744 

79,429 

86,731 

88,871 

95,944 

103,863 

105,847 

114,030 

125,834 

149,591 

173,650 

176,717 

200,092 

226,641 

256,604 

286,366 

313,174 

358,809 

344,934 

32,774 

34,702 

33,521 

36,686 

43,566 

44,228 

48,904 

45,866 

51,467 

53,768 

55,651 

52,457 

60,975 

60,649 

60,177 

65,429 

68,222 

73,450 

79,241 

86,295 

89,071 

96,750 

103,918 

107,256 

114,993 

127,216 

150,592 

176,022 

176,925 

200,395 

227,302 

258,948 

296,800 

311,435 

359,239 

353,110 

32,692 

35,398 

33,648 

38,462 

43,172 

44,346 

48,398 

46,349 

51,645 

54,124 

56,119 

53,315 

61,134 

60,604 

61,134 

65,041 

68,792 

73,063 

79,363 

87,367 

89,731 

97,752 

104,453 

107,920 

116,966 

127,828 

151,553 

177,805 

179,872 

204,186 

229,262 

260,954 

295,403 

312,908 

360,912 

349,742 

32,888 

35,881 

33,065 

42,054 

42,082 

43,452 

49,372 

46,180 

51,885 

51,804 

56,133 

53,758 

60,537 

60,223 

60,603 

65,324 

69,927 

74,236 

80,734 

87,022 

89,684 

98,992 

105,232 

108,309 

116,456 

128,519 

153,867 

182,065 

182,818 

205,489 

230,076 

260,730 

301,061 

320,734 

360,189 

347,676 

32,679 

36,053 

33,623 

43,205 

42,807 

44,288 

48,185 

45,798 

51,784 

53,696 

56,682 

54,843 

59,206 

59,939 

62,068 

66,026 

69,497 

74,176 

80,550 

88,190 

91,006 

97,837 

105,875 

107,998 

116,389 

131,090 

154,444 

184,007 

185,079 

205,889 

231,164 

266,057 

303,135 

325,610 

360,384 

343,426 

33,726 

36,012 

34,189 

41,024 

42,703 

45,721 

47,828 

45,842 

52,907 

54,439 

55,801 

54,980 

59,377 

60,518 

62,179 

66,142 

69,485 

75,051 

80,662 

88,085 

90,806 

98,797 

106,686 

108,580 

117,262 

132,829 

154,695 

183,997 

186,963 

207,579 

232,363 

267,135 

305,658 

335,015 

357,454 

342,882 

34,747 

35,864 

32,915 

40,665 

43,193 

47,139 

47,540 

46,011 

52,842 

55,209 

55,513 

55,321 

59,234 

60,373 

63,104 

66,546 

70,448 

73,709 

81,693 

88,348 

90,557 

100,557 

108,151 

107,175 

117,365 

135,424 

159,045 

183,638 

188,060 

205,854 

234,534 

272,893 

309,134 

343,417 

352,092 

336,905 

34,927 

35,571 

33,275 

39,880 

43,140 

46,853 

46,333 

47,465 

53,248 

55,613 

54,946 

56,780 

59,049 

59,728 

63,742 

67,395 

69,655 

74,669 

83,254 

88,038 

93,029 

101,487 

107,265 

105,933 

119,797 

138,420 

162,874 

183,173 

188,008 

210,304 

237,333 

274,911 

310,076 

345,560 

349,712 

338,722 

35,409 

35,662 

32,934 

43,028 

42,733 

47,496 

45,602 

48,603 

53,391 

56,255 

53,837 

57,209 

60,924 

59,668 

64,131 

66,297 

71,149 

77,226 

83,965 

88,275 

95,521 

101,196 

107,505 

109,508 

121,380 

141,300 

162,988 

178,856 

190,195 

216,681 

240,587 

277,254 

312,655 

349,328 

345,958 

338,391 

94,645 

102,864 

104,279 

102,989 

133,808 

130,239 

145,139 

138,586 

149,892 

159,219 

170,171 

159,768 

175,833 

185,094 

177,427 

194,176 

202,008 

214,701 

233,456 

257,389 

266,111 

286,026 

306,938 

320,202 

336,299 

370,442 

440,670 

506,879 

531,923 

589,058 

663,549 

726,370 

850,036 

963,304 

1,067,155 

1,033,494 

97,697 

104,990 

101,358 

110,622 

129,988 

132,341 

146,237 

138,855 

154,446 

161,552 

167,540 

158,058 

182,431 

182,890 

180,778 

195,931 

205,434 

219,257 

238,033 

260,393 

267,673 

290,446 

312,234 

321,023 

345,989 

380,878 

451,736 

527,477 

533,514 

604,673 

683,205 

776,506 

878,569 

937,517 

1,078,960 

1,047,786 

99,293 

107,946 

100,877 

126,283 

127,592 

133,461 

145,385 

137,820 

156,576 

159,939 

168,616 

163,581 

179,120 

180,680 

184,850 

197,492 

208,909 

223,463 

241,946 

263,297 

271,496 

295,626 

317,793 

324,887 

350,107 

392,438 

463,006 

550,069 

554,860 

618,957 

693,603 

793,922 

909,854 

981,359 

1,078,027 

1,033,984 

105,083 

107,097 

99,124 

123,573 

129,066 

141,488 

139,475 

142,079 

159,481 

167,077 

164,296 

169,310 

179,207 

179,769 

190,977 

200,238 

211,252 

225,604 

248,912 

264,661 

279,107 

303,240 

322,921 

322,616 

358,542 

415,144 

484,907 

545,667 

566,263 

632,839 

712,454 

825,058 

931,865 

1,038,305 

1,047,762 

1,014,018 

396,718 

422,897 

405,638 

463,467 

520,454 

537,529 

576,236 

557,340 

620,395 

647,787 

670,623 

650,717 

716,591 

728,433 

734,032 

787,837 

827,603 

883,025 

962,347 

1,045,740 

1,084,387 

1,175,338 

1,259,886 

1,288,728 

1,390,937 

1,558,902 

1,840,319 

2,130,092 

2,186,560 

2,445,527 

2,752,811 

3,121,856 

3,570,324 

3,920,485 

4,271,904 

4,129,282 

See footnotes at end of this part. 87 

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Year Jan. Feb. Mar. Apr. May June Jujy_ Sept. Oct. Nov. Dec. 

Quarterly 

JiL JUL 

HI Q 1VQ Annual 

57. Manufacturing and trade sales in 1972 d 

— »rfdofars] Tota

l for period 

1947 

1948 52,474 

1949 53,344 

1950 53,378 

1951 62,759 

1952 59,929 

1953 67,237 

1954 64,027 

1955 69,147 

1956 73,309 

1957 75,021 

1958 70,035 

1959 74,544 

1960 79,391 

1961 74,928 

1962 81,905 

1963 84,339 

1964 89,833 

1965 96,251 

1966 103,228 

1967 105,276 

1968 110,642 

1969 114,412 

1970 115,395 

1971 116,141 

'1972 125,345 

1973 140,437 

1974 142,051 

1975 130,465 

1976 136,722 

1977 145,246 

1978 150,140 

1979 161,343 

1980 162,537 

1981 160,549 

1982 150,131 

1947 

1948 

1949 

1950 

1951 

1952 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 83.7 

1979 72.1 

1980 67.0 

1981 71.4 

1982 71.0 

1947 

1948 16,811 

1949 16,724 

1950 17,995 

1951 20,219 

1952 18,192 

1953 20,153 

1954 19,321 

1955 21,097 

1956 22,270 

1957 22,771 

1958 22,535 

1959 23,633 

1960 24,027 

1961 23,685 

1962 24,913 

1963 26,229 

1964 26,742 

1965 28,864 

1966 30,994 

1967 29,081 

1968 29,859 

1969 31,815 

1970 32,177 

1971 33,597 

1972 35,598 

1973 40,465 

1974 38,612 

1975 37,446 

1976 40,335 

1977 41,847 

1978 42,866 

1979 45,915 

1980 46,339 

1981 45,547 

1982 43,576 

52,498 

53,297 

54,487 

61,114 

60,593 

68,165 

64,786 

69,727 

72,733 

75,306 

68,806 

75,741 

78,992 

75,144 

81,915 

85,591 

89,916 

96,579 

103,401 

104,807 

110,169 

114,799 

115,688 

117,113 

124,342 

141,109 

141,419 

130,401 

137,466 

146,803 

153,637 

160,187 

161,084 

160,469 

153,317 

52,894 

53,140 

55,208 

60,017 

60,220 

68,894 

64,435 

71,106 

73,047 

74,774 

67,788 

76,624 

78,497 

76,446 

83,031 

85,692 

89,653 

98,491 

105,038 

105,333 

110,781 

115,388 

114,637 

117,780 

126,127 

140,651 

142,020 

126,653 

138,305 

148,045 

154,203 

163,756 

157,565 

160,614 

153,878 

53,129 

52,938 

55,853 

58,978 

60,987 

68,879 

64,958 

71,869 

73,213 

73,636 

67,509 

77,758 

78,900 

75,878 

83,107 

86,508 

91,129 

98,749 

104,157 

105,603 

110,918 

115,929 

113,809 

118,178 

127,177 

140,276 

142,246 

128,321 

139,169 

148.176 

158,825 

159,948 

154,327 

161,180 

152,207 

52,455 

52,148 

57,205 

59,494 

61,683 

68,575 

63,869 

72,173 

73,009 

73,375 

67,766 

78,627 

77,831 

77,047 

83,096 

85,880 

92,155 

97,863 

103,668 

105,683 

111,393 

115,552 

115,060 

119,010 

128,175 

139,417 

142,188 

128,688 

139,015 

148,666 

159,159 

164,140 

152,913 

160,775 

155,982 

53,121 

53,527 

59,549 

59,060 

61,821 

67,769 

64,713 

72,160 

73,331 

73,824 

68,991 

78,686 

77,768 

78,412 

82,657 

86,673 

91,854 

98,149 

104,928 

105,730 

112,226 

115,820 

115,520 

120,510 

128,418 

139,059 

141,776 

130,030 

140,575 

149,543 

159,196 

161,980 

152,878 

161,968 

153,903 

53,583 

51,963 

63,996 

57,893 

60,499 

68,684 

64,486 

72,436 

70,206 

73,525 

69,715 

78,403 

77,406 

77,520 

83,032 

87,967 

93,317 

99,908 

104,306 

105,612 

113,689 

116,319 

115,497 

119,624 

128,656 

141,031 

141,683 

131,127 

140,920 

150,128 

158,904 

162,982 

155,476 

160,810 

153,618 

53,694 

53,072 

64,897 

59,351 

61,728 

67,302 

64,096 

72,152 

72,478 

74,020 

70,912 

75,954 

76,990 

79,314 

83,609 

87,344 

93,086 

99,345 

104,970 

107,242 

111,986 

116,902 

115,117 

119,355 

130,745 

138,564 

139,976 

131,590 

140,863 

150,907 

160,570 

162,747 

154,543 

159,755 

151,683 

53,657 

54,110 

60,894 

59,313 

63,820 

66,729 

64,431 

73,336 

73,135 

73,046 

71,275 

75,679 

77,846 

79,631 

83,389 

87,396 

94,014 

99,389 

104,786 

106,606 

112,615 

117,435 

114,984 

120,471 

131,980 

138,644 

138,289 

132,541 

141,045 

151,270 

160,299 

161,993 

157,500 

159,193 

151,612 

53,715 

52,142 

59,609 

59,731 

65,902 

66,422 

64,675 

73,048 

73,726 

72,696 

72,388 

75,911 

77,448 

80,707 

84,204 

88,464 

92,311 

100,419 

105,032 

105,993 

114,201 

118,558 

112,985 

120,307 

134,308 

141,917 

136,219 

132,533 

139,880 

151,999 

161,734 

161,832 

159,352 

155,344 

148,436 

53,491 

52,827 

57,766 

59,579 

65,654 

64,806 

66,600 

73,631 

74,094 

71,739 

73,512 

75,858 

76,432 

81,464 

85,382 

87,382 

93,336 

101,807 

104,659 

108,632 

114,882 

116,841 

111,314 

122,580 

136,194 

143,785 

134,143 

132,486 

142,600 

152,665 

161,922 

160,404 

159,165 

155,069 

150,225 

53,918 

52,367 

61,016 

58,975 

66,862 

63,706 

68,159 

73,719 

74,799 

70,167 

71,670 

77,973 

76,472 

81,788 

83,942 

89,304 

96,520 

102,186 

105,074 

111,123 

114,176 

116,838 

114,727 

123,611 

137,923 

141,555 

130,002 

133,721 

145,334 

153,890 

162,032 

160,762 

159,792 

153,281 

150,560 

157,866 

159,781 

163,073 

183,890 

180,742 

204,296 

193,248 

209,980 

219,089 

225,101 

206,629 

226,909 

236,880 

226,518 

246,851 

255,622 

269,402 

291,321 

311,667 

315,416 

331,592 

344,599 

345,720 

351,034 

375,814 

422,197 

425,490 

387,519 

412,493 

440,094 

457,980 

485,286 

481,186 

481,632 

457,326 

158,705 

158,613 

172,607 

177,532 

184,491 

205,223 

193,540 

216,202 

219,553 

220,835 

204,266 

235,071 

234,499 

231,337 

248,860 

259,061 

275,138 

294,761 

312,753 

317,016 

334,537 

347,301 

344,389 

357,698 

383,770 

418,752 

426,210 

387,039 

418,759 

446,385 

477,180 

486,068 

460,118 

483,923 

462,092 

160,934 

159,145 

189,787 

176,557 

186,047 

202,715 

193,013 

217,924 

215,819 

220,591 

211,902 

230,036 

232,242 

236,465 

250,030 

262,707 

280,417 

298,642 

314,062 

319,460 

338,290 

350,656 

345,598 

359,450 

391,381 

418,239 

419,948 

395,258 

422,828 

452,305 

479,773 

487,722 

467,519 

479,758 

456,913 

161,124 

157,336 

178,391 

178,285 

198,418 

194,934 

199,434 

220,398 

222,619 

214,602 

217,570 

229,742 

230,352 

243,959 

253,528 

265,150 

282,167 

304,412 

314,765 

325,748 

343,259 

352,237 

339,026 

366,498 

408,425 

427,257 

400,364 

398,740 

427,814 

458,554 

485,688 

482,998 

478,309 

463,694 

449,221 

638,629 

634,875 

703,858 

716,264 

749,698 

807,168 

779,235 

864,504 

877,080 

881,129 

840,367 

921,758 

933,973 

938,279 

999,269 

1,042,540 

1,107,124 

1,189,136 

1,253,247 

1,277,640 

1,347,678 

1,394,793 

1,374,733 

1,434,680 

1,559,390 

1,686,445 

1,672,012 

1,568,556 

1,681,894 

1,797,338 

1,900,621 

1,942,074 

1,887,132 

1,909,007 

1,825,552 

58. Index of consumer 

[Rrst quarter 1966 

= 100] 

® 

Average for period 

90.7 

82.0 

78.5 

98!9 

91.1 

97.2 

94.8 

99.0 

101.5 

100.0 

92.2 

95.0 

95.1 

78.1 

78.2 

87.5 

80.8 

60.9 

58.0 

84.5 

87.5 

84.3 

73.9 

66.9 

66.9 

66.5 

78.8 

68.4 

56.5 

66.5 

62.0 

81.6 

66.0 

52.7 

72.4 

65.5 

82.9 

99.1 

98.2 

92.9 

80.9 

95.3 

92.9 

92.3 

95.4 

91.4 

98.1 

102.2 

95.7 

94.9 

92.4 

91.6 

75.4 

81.6 

89.3 

76.0 

72.0 

72.9 

82.2 

89.1 

82.9 

68.1 

51.7 

76.3 

67.5 

80.0 

65.8 

58.7 

73.1 

65.7 

82.4 

60.4 

62.3 

74.1 

65.4 

99.9 

91.6 

96.2 

100.2 

103.2 

91.2 

96.5 

92.9 

86.4 

77.1 

82.4 

94.0 

71.8 

64.5 

75.8 

88.8 

87.6 

78.4 

64.5 

67.3 

77.2 

65.4 

80.4 

66.7 

73.7 

73.1 

69.3 

79.3 

62.1 

75.0 

70.3 

73.4 

86.2 

80.8 

87.0 

99.7 

100.2 

83.7 

90.8 

93.8 

90.1 

94.4 

95.0 

96.9 

99.4 

102.9 

88.3 

92.9 

92.1 

79.7 

75.4 

82.2 

90.8 

75.7 

58.4 

75.4 

86.0 

83.1 

75.0 

63.3 

76.7 

62.5 

72.1 

66.1 

61.0 

64.5 

64.3 

71.9 

82.3 

71.5 

63.5 

68.3 

66.5 

81.5 

66.6 

54.4 

73.9 

66.2 

80.4 

63.9 

67.8 

74.8 

66.7 

73.5 

62.1 

72.1 

65.7 

72.5 

94.8 

94.8 

99.2 

102.4 

93.8 

94.1 

93.1 

88.2 

76.5 

81.1 

90.4 

76.1 

64.0 

70.5 

85.4 

86.8 

79.4 

66.0 

64.4 

70.7 

68.0 

59. Sales of retai stores in 1972 dolars 

[Mttons of dolars] Tota

l for period 

16,764 

16,994 

18,368 

19,667 

18,596 

20,138 

19,805 

21,284 

22,117 

23,066 

21,966 

23,774 

24,052 

23,569 

24,851 

26,031 

26,865 

29,047 

30,932 

28,615 

30,150 

31,929 

32,281 

33,777 

35,737 

40,721 

38,285 

37,960 

40,354 

42,459 

43,532 

45,528 

45,585 

45,678 

44,492 

17,047 

17,244 

18,527 

18,432 

18,100 

20,292 

19,755 

21,440 

22,513 

22,814 

21,731 

23,973 

24,089 

23,850 

25,203 

26,205 

27,060 

28,722 

31,356 

28,800 

30,688 

31,558 

32,288 

33,806 

36,439 

40,474 

38,345 

36,916 

40,340 

42,580 

44,350 

46,017 

44,361 

45,802 

44,293 

17.165 

17,440 

18,521 

18,069 

18,547 

20,011 

19,737 

21,823 

22,249 

22,818 

21,924 

23,956 

24,623 

23,427 

25,274 

26,353 

27,249 

28,964 

30,816 

28,900 

30,597 

31,706 

32,234 

34,216 

36,527 

40,085 

38,676 

37,215 

40,812 

42,856 

44,947 

45,899 

43,784 

45,488 

44,636 

16,513 

17,359 

18,716 

18,219 

19,249 

19,916 

19,712 

21,882 

22,508 

22,848 

21,944 

24,111 

24,287 

23,748 

25,446 

26,152 

27,652 

29,339 

30,286 

28,830 

30,609 

31,844 

32,640 

34,045 

37,021 

39,829 

38,536 

38,628 

40,254 

42,929 

45,258 

45,853 

43,685 

45,328 

45,635 

16,833 

18,376 

19,315 

18,172 

19,498 

19,886 

20,180 

21,740 

22,440 

23,165 

22,049 

24,201 

24,254 

23,925 

25,120 

26,279 

27,673 

29,054 

30,947 

29,363 

31,060 

31,643 

32,819 

34,492 

37,086 

39,676 

38,501 

38,596 

41,008 

42,577 

45,343 

45,757 

44,169 

45,735 

44,103 

16,897 

17,134 

20,651 

17,951 

18,952 

19,807 

19,852 

22,140 

22,210 

23,058 

22,388 

24,193 

24,042 

23,812 

25,584 

26,482 

27,775 

29,528 

31,039 

29,131 

31,381 

31,633 

32,923 

34,390 

37,245 

39,980 

38,735 

38,678 

40,971 

43,139 

45,115 

45,501 

44,578 

45,377 

44,401 

16,945 

17,377 

20,595 

18,354 

18,509 

19,683 

19,905 

22,134 

22,351 

23,183 

22,561 

24,315 

24,093 

24,075 

25,676 

26,381 

28,166 

29,658 

31,238 

29,132 

31,617 

31,904 

32,886 

34,797 

37,515 

39,291 

39,315 

38,905 

41,026 

43,197 

45,084 

46,423 

44,441 

45,737 

44,181 

16,794 

17,690 

19,461 

18,240 

18,815 

19,668 

20,108 

22,480 

22,412 

23,037 

22,356 

23,965 

24,102 

24,054 

25,554 

26,350 

28,359 

29,774 

31,225 

29,573 

30,925 

32,210 

32,917 

35,253 

37,702 

39,865 

38,157 

39,099 

40,807 

43,290 

45,480 

46,549 

44,270 

45,300 

44,526 

16,892 

17,596 

18,688 

18,451 

19,679 

19,766 

20,144 

22,534 

22,322 

22,982 

22,275 

24,077 

24,282 

24,551 

25,988 

26,739 

27,367 

30,504 

31,016 

29,346 

31,614 

32,281 

32,760 

35,527 

38,576 

39,832 

37,459 

38,937 

40,993 

43,823 

45,841 

46,109 

44,879 

44,506 

44,847 

16,875 

17,762 

18,050 

18,363 

19,483 

19,522 

20,608 

22,470 

22,564 

22,792 

22,670 

23,536 

23,872 

24,724 

26,158 

26,438 

27,554 

30,795 

30,989 

29,694 

31,985 

32,135 

32,204 

36,208 

38,775 

40,000 

37,013 

39,371 

41,402 

43,982 

46,002 

46,181 

44,878 

44,412 

45,720 

17,310 

17,540 

19,099 

17,981 

20,010 

19,331 

20,987 

22,270 

22,634 

22,670 

23,349 

23,427 

23,666 

24,734 

26,153 

26,950 

28,726 

30,790 

30,768 

30,462 

31,802 

32,334 

32,980 

35,874 

39,558 

38,688 

36,609 

39,727 

42,256 

43,565 

46,430 

46,092 

44,950 

44,303 

45,749 

50,622 

50,962 

54,890 

58,318 

54,888 

60,583 

58,881 

63,821 

66,900 

68,651 

66,232 

71,380 

72,168 

71,104 

74,967 

78,465 

80,667 

86,633 

93,282 

86,496 

90,697 

95,302 

96,746 

101,180 

107,774 

121,660 

115,242 

112,322 

121,029 

126,886 

130,748 

137,460 

136,285 

137,027 

132,361 

50,511 

53,175 

56,552 

54,460 

57,294 

59,813 

59,629 

65,445 

67,197 

68,831 

65,917 

72,268 

73,164 

71,100 

75,840 

78,784 

82,574 

87,357 

92,049 

87,093 

92,266 

95,193 

97,693 

102,753 

110,634 

119,590 

115,713 

114,439 

122,074 

128,362 

135,548 

137,509 

131,638 

136,551 

134,374 

50,636 

52,201 

60,707 

54,545 

56,276 

59,158 

59,865 

66,754 

66,973 

69,278 

67,305 

72,473 

72,237 

71,941 

76,814 

79,213 

84,300 

88,960 

93,502 

87,836 

93,923 

95,747 

98,726 

104,440 

112,462 

119,136 

116,207 

116,682 

122,804 

129,626 

135,679 

138,473 

133,289 

136,414 

133,108 

51,077 

52,898 

55,837 

54,795 

59,172 

58,619 

61,739 

67,274 

67,520 

68,444 

68,294 

71,040 

71,820 

74,009 

78,299 

80,127 

83,647 

92,089 

92,773 

89,502 

95,401 

96,750 

97,944 

107,609 

116,909 

118,520 

111,081 

118,035 

124,651 

131,370 

138,273 

138,382 

134,707 

133,221 

136,316 

202,846 

209,236 

227,986 

222,118 

227,630 

238,173 

240,114 

263,294 

268,590 

275,204 

267,748 

287,161 

289,389 

288,154 

305,920 

316,589 

331,188 

355,039 

371,606 

350,927 

372,287 

382,992 

391,109 

415,982 

447,779 

478,906 

458,243 

461,478 

490,558 

516,244 

540,248 

551,824 

535,919 

543,213 

536,159 

88 

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Year 

Monthly Quarterly 

Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. 

60. Ratio, help-wanted advertising in newspapers to number of persons unemployed 

[Ratio] 

JUL IV Q Annual 

Average for period 

1947 

1948 0.952 

1949 539 

1950 251 

1951 801 

1952 1.027 

1953 1.165 

1954 435 

1955 443 

1956 759 

1957 735 

1958 330 

1959 366 

1960 519 

1961 ...•. 300 

1962 445 

1963 424 

1964 458 

1965 608 

1966 996 

1967 1.033 

1968 1.065 

1969 1.336 

1970 1.023 

1971 466 

1972 540 

1973 867 

1974 750 

1975 306 

1976 344 

1977 429 

1978 633 

1979 784 

1980 687 

1981 474 

1982 338 

1947 72 l 

1948 78.6 

1949 81.7 

1950 79.4 

1951 81.7 

1952 89.2 

1953 90.5 

1954 94.5 

1955 91.4 

1956 92.1 

1957 96.4 

1958 101.2 

1959 98.5 

1960 97.5 

1961 103.1 

1962 99.7 

1963 99.3 

1964 97.4 

1965 96.3 

1966 95.8 

1967 99.3 

1968 100.9 

1969 104.7 

1970 111.8 

1971 113.1 

1972 112.5 

1973 115.0 

1974 122.4 

1975 144.1 

1976 143.9 

1977 149.3 

1978 161.6 

1979 170.4 

1980 183.9 

1981 202.4 

1982 226.9 

1947 98 l 

1948 101.7 

1949 102.7 

1950 96.9 

1951 96.9 

1952 102.6 

1953 101.4 

1954 103.4 

1955 98.5 

1956 97.3 

1957 99.6 

1958 103.0 

1959 99.2 

1960 97.2 

1961 102.5 

1962 99.8 

1963 100.4 

1964 100.1 

1965 100.0 

1966 99.1 

1967 100.4 

1968 98.8 

1969 99.6 

1970 105.4 

1971 103.2 

1972 98.8 

1973 96.5 

1974 97.7 

1975 107.8 

1976 101.6 

1977 99.8 

1978 101.1 

1979 99.1 

1980 99.0 

1981 100.8 

1982 104.1 

See footnotes at end of this part. 

0.806 

.418 

.257 

.886 

1.020 

1.327 

.384 

.491 

.800 

.749 

.277 

.390 

.564 

.283 

.462 

.407 

.462 

.607 

1.077 

1.042 

1.012 

1.350 

.940 

.486 

.562 

.843 

.730 

.301 

.378 

.424 

.655 

.762 

.674 

.478 

.317 

0.732 

.393 

.269 

.924 

1.067 

1.392 

.338 

.531 

.744 

.771 

.252 

.431 

.479 

.288 

.456 

.431 

.467 

.653 

1.113 

1.021 

1.077 

1.350 

.844 

.478 

.561 

.860 

.751 

.276 

.387 

.440 

.662 

.761 

.643 

.467 

.289 

0.737 

.347 

.308 

.992 

1.086 

1.295 

.326 

.518 

.787 

.710 

.220 

.492 

.485 

.286 

.457 

.426 

.494 

.646 

1.095 

1.029 

1.165 

1.339 

.784 

.480 

.576 

.834 

.774 

.268 

.370 

.460 

.703 

.761 

.494 

.447 

.255 

0.830 

.305 

.329 

1.059 

1.038 

1.362 

.316 

.607 

.718 

.670 

.219 

.505 

.484 

.291 

.478 

.402 

.514 

.703 

1.060 

1.006 

1.152 

1.361 

.714 

.483 

.593 

.867 

.753 

.261 

.397 

.483 

.700 

.782 

.418 

.432 

.249 

0.793 

.276 

.354 

.940 

1.027 

1.296 

.344 

.639 

.702 

.605 

.229 

.538 

.451 

.305 

.465 

.427 

.523 

.721 

1.098 

.985 

1.074 

1.268 

.673 

.505 

.599 

.866 

.719 

.293 

.390 

.476 

.726 

.765 

.425 

.448 

.242 

0.781 

.246 

.410 

.977 

.987 

1.201 

.325 

.679 

.655 

.639 

.234 

.540 

.427 

.308 

.468 

.434 

.569 

.739 

1.097 

.981 

1.126 

1.236 

.635 

.491 

.612 

.892 

.694 

.308 

.390 

.527 

.703 

.771 

.421 

.466 

.228 

0.748 

.234 

.521 

.986 

.956 

1.145 

.309 

.674 

.739 

.618 

.243 

.515 

.408 

.337 

.438 

.445 

.554 

.778 

1.078 

1.011 

1.194 

1.220 

.615 

.487 

.633 

.871 

.676 

.312 

.384 

.525 

.735 

.731 

.420 

.440 

.212 

0.802 

.235 

.536 

.908 

1.092 

.997 

.303 

.744 

.746 

.566 

.272 

.497 

.398 

.344 

.436 

.436 

.553 

.815 

1.096 

.996 

1.253 

1.214 

.581 

.490 

.651 

.856 

.586 

.312 

.379 

.529 

.739 

.766 

.452 

.403 

.192 

0.751 

.188 

.612 

.882 

1.197 

.845 

.325 

.683 

.810 

.513 

.293 

.465 

.350 

.371 

.446 

.448 

.551 

.862 

1.096 

.956 

1.318 

1.191 

.525 

.505 

.678 

.912 

.534 

.313 

.385 

.563 

.806 

.789 

.466 

.378 

.195 

0.690 

.224 

.609 

.888 

1.265 

.686 

.376 

.728 

.718 

.405 

.334 

.454 

.337 

.409 

.422 

.423 

.604 

.940 

1.108 

.971 

1.305 

1.241 

.492 

.496 

.731 

.853 

.441 

.332 

.387 

.581 

.789 

.753 

.497 

.366 

.195 

0.588 

.212 

.576 

.988 

1.321 

.486 

.410 

.766 

.715 

.385 

.355 

.505 

.303 

.413 

.434 

.464 

.587 

.972 

1.043 

.996 

1.297 

1.187 

.475 

.503 

.806 

.802 

.381 

.338 

.414 

.653 

.789 

.744 

.496 

.346 

.205 

0.830 

.450 

.259 

.870 

1.038 

1.295 

.386 

.488 

.768 

.752 

.286 

.396 

.521 

.290 

.454 

.421 

.462 

.623 

1.062 

1.032 

1.051 

1.345 

.936 

.477 

.554 

.857 

.744 

.294 

.370 

.431 

.650 

.769 

.668 

.473 

.315 

0.787 

.309 

.330 

.997 

1.050 

1.318 

.329 

.588 

.736 

.662 

.223 

.512 

.473 

.294 

.467 

.418 

.510 

.690 

1.084 

1.007 

1.130 

1.323 

.724 

.489 

.589 

.856 

.749 

.274 

.386 

.473 

.710 

.769 

.446 

.442 

.249 

0.777 

.238 

.489 

.957 

1.012 

1.114 

.312 

.699 

.713 

.608 

.250 

.517 

.411 

.330 

.447 

.438 

.559 

.777 

1.090 

.996 

1.191 

1.223 

.610 

.489 

.632 

.873 

.652 

.311 

.384 

.527 

.726 

.756 

.431 

.436 

.211 

0.676 

.208 

.599 

.919 

1.261 

.672 

.370 

.726 

.748 

.434 

.327 

.475 

.330 

.398 

.434 

.445 

.581 

.925 

1.082 

.974 

1.307 

1.206 

.497 

.501 

.738 

.856 

.452 

.328 

.395 

.599 

.795 

.762 

.486 

.363 

.198 

0.768 

.301 

.419 

.936 

1.090 

1.100 

.349 

.625 

.741 

.614 

.272 

.475 

.434 

.328 

.451 

.431 

.528 

.754 

1.080 

1.002 

1.170 

1.274 

.692 

.489 

.628 

.860 

.649 

.302 

.384 

.508 

.720 

.764 

.508 

.429 

.243 

62. Index of labor cost per unit of output, manufacturing—actual data 

[1967=100] Average for period 

73.0 

78.4 

82.0 

79.2 

83.0 

89.2 

90.6 

94.5 

91.7 

92.5 

95.9 

101.8 

97.8 

98.7 

103.4 

99.1 

98.8 

97.8 

96.3 

96.8 

99.5 

101.5 

104.6 

111.5 

113.3 

113.7 

115.7 

123.2 

145.6 

143.0 

151.2 

163.5 

171.5 

185.6 

201.8 

224.2 

73.5 

79.3 

81.1 

78.5 

83.8 

89.7 

91.2 

94.7 

90.8 

93.2 

96.2 

102.6 

97.8 

99.9 

102.7 

99.3 

98.5 

98.5 

95.8 

96.4 

100.3 

101.8 

105.2 

112.4 

113.6 

114.1 

115.7 

123.5 

147.7 

143.4 

150.7 

163.5 

171.5 

188.0 

203.4 

224.5 

73.6 

78.8 

81.2 

77.8 

85.3 

89.8 

91.3 

94.5 

90.1 

93.1 

97.1 

102.8 

97.1 

100.0 

101.4 

100.3 

97.2 

97.6 

95.2 

97.0 

99.5 

102.2 

106.0 

112.2 

113.3 

113.3 

116.8 

124.4 

145.9 

144.0 

151.8 

162.5 

175.0 

192.0 

205.2 

226.9 

74.7 

78.3 

81.8 

78.3 

85.6 

90.6 

91.0 

94.1 

90.1 

93.7 

97.2 

101.7 

97.0 

100.8 

101.1 

100.4 

97.1 

97.6 

95.0 

97.0 

100.0 

102.1 

106.9 

112.1 

113.4 

113.7 

116.3 

125.2 

145.7 

144.3 

152.9 

163.4 

173.5 

196.8 

206.2 

229.1 

74.7 

78.5 

81.1 

77.2 

86.7 

91.1 

91.6 

93.4 

90.2 

94.3 

96.9 

100.0 

97.6 

101.4 

100.5 

100.8 

97.5 

97.9 

95.3 

97.4 

100.3 

102.2 

106.8 

112.6 

113.1 

113.7 

116.9 

125.7 

143.3 

144.2 

154.0 

163.7 

174.4 

201.3 

207.9 

229.6 

74.6 

79.8 

80.9 

76.8 

87.8 

89.2 

91.3 

93.1 

90.6 

97.7 

96.9 

100.2 

99.2 

100.9 

99.8 

100.1 

98.3 

97.8 

94.4 

97.3 

100.9 

102.8 

106.9 

112.8 

112.8 

113.2 

117.2 

126.8 

141.3 

144.5 

154.6 

164.2 

176.4 

202.4 

207.8 

228.6 

74.7 

80.9 

79.8 

76.6 

88.7 

89.9 

90.9 

93.5 

91.0 

95.7 

97.6 

99.8 

100.6 

100.6 

99.3 

100.0 

97.8 

98.0 

94.8 

98.3 

101.0 

102.9 

107.7 

112.9 

114.2 

113.1 

117.6 

127.6 

141.0 

145.3 

155.5 

164.4 

178.3 

203.0 

208.7 

227.7 

76.3 

81.4 

79.4 

77.8 

88.7 

90.1 

91.1 

92.6 

91.2 

95.4 

97.1 

100.0 

101.1 

101.1 

98.8 

99.7 

97.9 

98.5 

94.9 

98.2 

100.4 

103.6 

108.0 

112.9 

112.4 

113.2 

117.8 

128.4 

140.8 

146.7 

156.5 

165.4 

178.9 

201.7 

211.1 

228.2 

76.1 

80.8 

79.6 

79.8 

88.3 

90.2 

92.1 

93.0 

91.0 

96.1 

98.2 

98.8 

101.6 

101.4 

98.8 

99.9 

97.5 

98.3 

95.3 

97.9 

99.7 

104.5 

108.2 

112.9 

112.0 

113.1 

118.9 

131.6 

142.4 

147.1 

157.1 

165.9 

179.5 

200.8 

215.2 

229.3 

76.2 

82.3 

78.5 

81.3 

88.8 

89.7 

93.0 

93.7 

92.3 

96.4 

100.2 

98.8 

101.8 

102.4 

98.8 

99.6 

97.8 

97.0 

96.0 

99.2 

99.7 

104.0 

108.6 

112.8 

111.9 

113.5 

119.9 

135.5 

141.9 

148.1 

158.1 

167.2 

180.1 

200.6 

218.1 

230.4 

77.5 

81.7 

79.3 

81.6 

89.5 

90.7 

94.4 

92.9 

91.6 

96.5 

100.7 

99.2 

98.5 

102.4 

98.1 

99.6 

98.6 

96.9 

95.6 

98.7 

100.0 

104.9 

109.8 

112.8 

113.3 

113.5 

120.8 

140.8 

143.1 

148.5 

159.4 

168.1 

181.8 

200.8 

220.7 

230.7 

73.1 

78.8 

81.6 

79.0 

82.8 

89.4 

90.8 

94.6 

91.3 

92.6 

96.2 

101.9 

98.0 

98.7 

103.1 

99.4 

98.9 

97.9 

96.1 

96.3 

99.7 

101.4 

104.8 

111.9 

113.3 

113.4 

115.5 

123.0 

145.8 

143.4 

150.4 

162.9 

171.1 

185.8 

202.5 

225.2 

74.3 

78.5 

81.4 

77.8 

85.9 

90.5 

91.3 

94.0 

90.1 

93.7 

97.1 

101.5 

97.2 

100.7 

101.0 

100.5 

97.3 

97.7 

95.2 

97.1 

99.9 

102.2 

106.6 

112.3 

113.3 

113.6 

116.7 

125.1 

145.0 

144.2 

152.9 

163.2 

174.3 

196.7 

206.4 

228.5 

75.2 

80.7 

80.0 

77.1 

88.4 

89.7 

91.1 

93.1 

90.9 

96.3 

97.2 

100.0 

100.3 

100.9 

99.3 

99.9 

98.0 

98.1 

94.7 

97.9 

100.8 

103.1 

107.5 

112.9 

113.1 

113.2 

117.5 

127.6 

141.0 

145.5 

155.5 

164.7 

177.9 

202.4 

209.2 

228.2 

76.6 

81.6 

79.1 

80.9 

88.9 

90.2 

93.2 

93.2 

91.6 

96.3 

99.7 

98.9 

100.6 

102.1 

98.6 

99.7 

98.0 

97.4 

95.6 

98.6 

99.8 

104.5 

108.9 

112.8 

112.4 

113.4 

119.9 

136.0 

142.5 

147.9 

158.2 

167.1 

180.5 

200.7 

218.0 

230.1 

74.8 

79.9 

80.5 

78.7 

86.5 

90.0 

91.6 

93.7 

91.0 

94.7 

97.5 

100.6 

99.0 

100.6 

100.5 

99.9 

98.0 

97.8 

95.4 

97.5 

100.0 

102.8 

107.0 

112.5 

113.0 

113.4 

117.4 

127.9 

143.6 

145.2 

154.3 

164.4 

175.9 

196.4 

209.0 

228.0 

62. Index of labor cost per unit of output, manufacturing-

[Percent] 

-actual data as a percent of trend 

Average for period 

97.9 

101.2 

102.8 

96.4 

98.2 

102.3 

101.2 

103.3 

98.6 

97.5 

98.9 

103.5 

98.4 

98.4 

102.8 

99.3 

100.0 

100.6 

100.0 

100.0 

100.4 

99.0 

99.4 

104.8 

103.1 

99.5 

96.7 

97.8 

108.4 

100.5 

100.6 

101.7 

99.1 

99.2 

99.8 

102.2 

98.2 

102.1 

101.4 

95.4 

98.9 

102.6 

101.7 

103.4 

97.5 

98.1 

99.1 

104.2 

98.3 

99.5 

102.2 

99.5 

99.8 

101.5 

99.5 

99.4 

101.1 

99.0 

100.0 

105.4 

103.1 

99.4 

96.3 

97.5 

109.4 

100.3 

99.8 

101.1 

98.4 

99.9 

99.9 

101.7 

98.0 

101.2 

101.3 

94.3 

100.4 

102.5 

101.6 

103.0 

96.6 

97.8 

99.9 

104.3 

97.5 

99.5 

100.9 

100.6 

98.6 

100.7 

98.9 

99.9 

100.0 

99.2 

100.7 

104.9 

102.5 

98.4 

96.9 

97.7 

107.6 

100.2 

100.0 

99.9 

99.8 

101.4 

100.1 

102.1 

99.1 

100.4 

101.8 

94.6 

100.5 

103.2 

101.0 

102.5 

96.4 

98.2 

99.9 

103.1 

97.4 

100.3 

100.7 

100.8 

98.6 

100.8 

98.7 

99.7 

100.2 

98.8 

101.5 

104.5 

102.3 

98.3 

96.1 

97.8 

106.9 

100.0 

100.2 

99.8 

98.3 

103.3 

99.9 

102.4 

98.7 

100.4 

100.7 

93.1 

101.5 

103.6 

101.5 

101.6 

96.4 

98.6 

99.5 

101.2 

97.9 

100.8 

100.2 

101.2 

99.1 

101.2 

99.0 

99.9 

100.2 

98.7 

101.4 

104.7 

101.7 

98.0 

96.2 

97.6 

104.6 

99.4 

100.4 

99.4 

98.2 

105.0 

100.0 

102.0 

98.2 

101.8 

100.2 

92.4 

102.5 

101.2 

100.9 

101.2 

96.6 

102.0 

99.3 

101.4 

99.4 

100.3 

99.5 

100.6 

100.0 

101.3 

98.0 

99.6 

100.6 

99.0 

101.4 

104.6 

101.1 

97.2 

96.1 

97.9 

102.7 

99.2 

100.2 

99.1 

98.6 

104.9 

99.3 

100.9 

97.9 

102.9 

98.6 

91.9 

103.3 

101.8 

100.3 

101.5 

96.9 

99.7 

99.9 

100.9 

100.7 

100.0 

99.1 

100.6 

99.7 

101.5 

98.4 

100.5 

100.4 

98.9 

102.1 

104.4 

102.0 

96.7 

96.1 

98.0 

102.0 

99.4 

100.2 

98.7 

99.0 

104.5 

99.0 

99.9 

99.7 

103.3 

97.9 

93.1 

103.0 

101.8 

100.3 

100.4 

97.0 

99.2 

99.3 

101.0 

101.2 

100.4 

98.7 

100.4 

100.0 

102.1 

98.5 

100.2 

99.5 

99.3 

102.3 

104.1 

100.1 

96.4 

95.9 

98.0 

101.4 

99.9 

100.2 

98.7 

98.7 

103.2 

99.5 

99.4 

99.2 

102.3 

97.9 

95.3 

102.3 

101.7 

101.2 

100.7 

96.6 

99.8 

100.3 

99.7 

101.6 

100.7 

98.8 

100.6 

99.7 

102.0 

98.9 

99.6 

98.5 

99.9 

102.4 

103.8 

99.4 

96.0 

96.4 

99.8 

102.0 

99.7 

100.0 

98.4 

98.4 

102.1 

100.7 

99.3 

99.1 

104.0 

96.3 

96.9 

102.6 

100.9 

102.1 

101.3 

97.8 

99.9 

102.2 

99.6 

101.7 

101.7 

98.9 

100.4 

100.2 

100.7 

99.5 

100.7 

98.2 

99.2 

102.7 

103.5 

99.0 

96.0 

96.7 

102.3 

101.2 

99.9 

100.1 

98.5 

98.1 

101.3 

101.4 

99.1 

100.5 

102.9 

97.0 

97.0 

103.2 

101.8 

103.5 

100.2 

96.9 

99.9 

102.6 

99.9 

98.3 

101.7 

98.2 

100.6 

101.2 

100.6 

99.0 

100.0 

98.2 

99.8 

103.8 

103.2 

99.9 

95.6 

97.0 

105.8 

101.5 

99.7 

100.3 

98.4 

98.4 

100.7 

101.9 

98.6 

98.0 

101.7 

102.3 

96.2 

98.0 

102.5 

101.4 

103.4 

98.2 

97.6 

99.2 

103.6 

98.6 

98.4 

102.5 

99.5 

100.1 

100.7 

99.8 

99.5 

100.6 

98.9 

99.7 

105.2 

103.1 

99.2 

96.5 

97.7 

108.5 

100.8 

100.1 

101.3 

98.9 

99.4 

100.2 

102.7 

98.6 

100.7 

101.3 

94.0 

100.8 

103.1 

101.4 

102.4 

96.5 

98.2 

99.8 

102.9 

97.6 

100.2 

100.6 

100.9 

98.8 

100.9 

98.9 

99.8 

100.1 

98.9 

101.2 

104.7 

102.2 

98.2 

96.4 

97.7 

106.4 

99.9 

100.2 

99.7 

98.8 

103.2 

100.0 

102.2 

98.6 

102.7 

98.9 

92.5 

102.9 

101.6 

100.5 

101.0 

96.8 

100.3 

99.5 

101.1 

100.4 

100.2 

99.1 

100.5 

99.9 

101.6 

98.3 

100.1 

100.2 

99.1 

101.9 

104.4 

101.1 

96.8 

96.0 

98.0 

102.0 

99.5 

100.2 

98.8 

98.8 

104.2 

99.3 

100.1 

99.6 

103.1 

97.1 

96.4 

102.7 

101.5 

102.3 

100.7 

97.1 

99.9 

101.7 

99.7 

100.5 

101.4 

98.6 

100.5 

100.4 

101.1 

99.1 

100.1 

98.3 

99.6 

103.0 

103.5 

99.4 

95.9 

96.7 

102.6 

101.6 

99.8 

100.1 

98.4 

98.3 

101.4 

101.3 

99.0 

98.7 

102.0 

99.9 

94.8 

101.1 

102.2 

101.4 

101.9 

97.2 

99.0 

100.0 

101.8 

99.3 

100.0 

100.2 

100.4 

99.8 

101.1 

99.0 

99.9 

99.8 

99.1 

101.4 

104.4 

101.4 

97.5 

96.4 

99.0 

104.6 

100.0 

100.2 

99.6 

98.7 

102.0 

100.2 

101.0 

Digitized 

89 

for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Year 

Monthly 

Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. 

65. Manufacturers' inventories, finished goods, book value 

[BMons of dolars] 

Quarterly 

I Q IIQ ill Q IV Q Annual 

End of period 

1947 6.13 

1948 7.73 

1949 9.33 

1950 8.99 

1951 9.33 

1952 12.48 

1953 12.45 

1954 13.62 

1955 13.55 

1956 14.20 

1957 16.35 

1958 16.90 

1959 16.34 

1960 17.33 

1961 18.57 

1962 18.99 

1963 20.05 

1964 20.76 

1965 21.74 

1966 22.75 

1967 25.51 

1968 27.22 

1969 28.78 

1970 31.53 

1971 34.49 

1972 34.86 

1973 35.72 

1974 38.87 

1975 49.08 

1976 50.20 

1977 55.76 

1978 60.69 

1979 66.26 

1980 74.13 

1981 79.89 

1982 89.14 

1947 4,515 

1948 7,167 

1949 9,371 

1950 12,232 

1951 15,386 

1952 15,953 

1953 20,563 

1954 23,809 

1955 24,777 

1956 30,093 

1957 32,814 

1958 34,933 

1959 35,135 

1960 40,863 

1961 44,596 

1962 45,590 

1963 50,878 

1964 57,782 

1965 65,406 

1966 73,468 

1967 78,506 

1968 81,774 

1969 90,987 

1970 99,973 

1971 106,716 

1972 116,870 

1973 134,989 

1974 154,058 

1975 162,647 

1976 170,886 

1977 194,170 

1978 229,739 

1979 273,707 

1980 310,489 

1981 309,765 

1982 328,059 

1947 

1948 

1949 

1950 

1951 

1952 

1953 33.49 

1954 31.49 

1955 29.70 

1956 34.51 

1957 41.77 

1958 38.04 

1959 36.71 

1960 41.00 

1961 40.60 

1962 42.41 

1963 44.34 

1964 50.23 

1965 57.47 

1966 68.12 

1967 73.16 

1968 94.67 

1969 97.66 

1970 103.16 

1971 101.47 

1972 114.28 

1973 125.44 

1974 151.09 

1975 164.03 

1976 160.01 

1977 182.41 

1978 209.53 

1979 265.79 

1980 312.09 

1981 333.32 

1982 334.30 

6.32 

7.84 

9.52 

9.03 

9.49 

12.55 

12.40 

13.64 

13.61 

14.39 

16.40 

16.83 

16.40 

17.56 

18.69 

18.96 

20.07 

20.87 

21.78 

22.87 

25.74 

27.25 

29.05 

31.85 

34.60 

34.94 

35.82 

39.37 

49.37 

50.67 

55.94 

60.67 

67.10 

75.05 

81.01 

89.78 

6.43 

7.96 

9.64 

9.09 

9.65 

12.64 

12.41 

13.71 

13.65 

14.48 

16.52 

16.82 

16.46 

17.73 

18.63 

19.03 

20.04 

20.96 

21.83 

23.03 

25.88 

27.31 

29.30 

32.05 

34.82 

35.15 

36.16 

40.00 

49.68 

51.09 

56.12 

61.00 

67.32 

76.14 

82.63 

89.90 

6.57 

8.02 

9.62 

9.08 

9.98 

12.57 

12.47 

13.56 

13.60 

14.59 

16.56 

16.68 

16.54 

17.91 

18.75 

19.04 

19.96 

21.07 

21.63 

23.08 

26.20 

27.32 

29.59 

32.69 

34.64 

35.34 

36.21 

40.59 

49.54 

51.44 

56.33 

61.40 

68.26 

77.89 

82.96 

89.19 

6.69 

8.13 

9.53 

9.03 

10.43 

12.33 

12.66 

13.46 

13.62 

14.82 

16.72 

16.58 

16.59 

18.11 

18.72 

19.27 

20.07 

21.14 

21.74 

23.32 

26.41 

27.46 

29.95 

32.71 

34.66 

35.53 

36.60 

40.99 

49.43 

51.76 

57.24 

61.79 

68.62 

79.00 

84.65 

88.32 

6.83 

8.22 

9.52 

9.10 

10.91 

12.34 

12.80 

13.47 

13.62 

15.24 

16.78 

16.52 

16.48 

18.21 

18.76 

19.44 

20.29 

21.10 

21.87 

23.58 

26.43 

27.57 

30.14 

32.98 

34.65 

35.82 

36.95 

41.71 

49.30 

52.62 

57.58 

62.21 

69.38 

79.34 

85.30 

87.56 

7.10 

8.43 

9.39 

8.79 

11.55 

12.31 

12.93 

13.45 

13.61 

15.42 

16.89 

16.52 

16.63 

18.37 

18.70 

19.63 

20.21 

21.19 

22.04 

23.83 

26.51 

27.64 

30.30 

33.24 

34.38 

35.83 

37.04 

42.71 

48.98 

53.16 

58.06 

62.62 

70.05 

79.91 

85.50 

88.22 

7.28 

8.53 

9.25 

8.57 

12.05 

12.35 

13.14 

13.32 

13.72 

15.71 

16.92 

16.36 

16.83 

18.39 

18.84 

19.76 

20.36 

21.19 

22.01 

24.00 

26.71 

27.89 

30.51 

33.44 

34.53 

36.36 

36.93 

43.65 

49.28 

53.79 

58.10 

63.43 

70.52 

80.23 

87.08 

88.30 

7.37 

8.80 

9.13 

8.68 

12.34 

12.36 

13.31 

13.28 

13.75 

15.96 

16.88 

16.18 

16.84 

18.66 

18.70 

19.88 

20.50 

21.18 

22.15 

24.31 

26.81 

28.18 

30.70 

33.65 

34.74 

36.19 

37.17 

44.62 

49.63 

54.45 

58.50 

63.59 

71.32 

79.88 

88.30 

87.79 

7.57 

8.95 

9.12 

8.85 

12.32 

12.33 

13.47 

13.32 

13.82 

16.02 

16.86 

16.15 

16.85 

18.60 

18.94 

19.98 

20.54 

21.43 

22.25 

24.52 

26.84 

28.33 

30.74 

33.98 

35.11 

35.96 

37.38 

45.65 

49.81 

55.45 

59.35 

63.74 

71.48 

79.57 

89.34 

87.61 

7.55 

8.99 

8.92 

9.17 

12.22 

12.32 

13.57 

13.28 

13.88 

16.21 

16.74 

16.30 

16.96 

18.58 

18.96 

19.97 

20.66 

21.50 

22.40 

24.88 

26.91 

28.51 

31.08 

34.24 

35.01 

35.95 

37.64 

46.96 

49.98 

55.13 

59.86 

64.58 

71.71 

80.04 

90.00 

86.40 

7.54 

9.15 

8.98 

9.22 

12.28 

12.33 

13.62 

13.46 

14.01 

16.19 

16.75 

16.35 

17.10 

18.64 

18.81 

20.12 

20.74 

21.62 

22.54 

25.19 

27.07 

28.77 

31.26 

34.20 

34.90 

35.93 

38.21 

48.16 

50.27 

55.54 

59.94 

65.31 

72.89 

80.08 

89.55 

85.07 

6.43 

7.96 

9.64 

9.09 

9.65 

12.64 

12.41 

13.71 

13.65 

14.48 

16.52 

16.82 

16.46 

17.73 

18.63 

19.03 

20.04 

20.96 

21.83 

23.03 

25.88 

27.31 

29.30 

32.05 

34.82 

35.15 

36.16 

40.00 

49.68 

51.09 

56.12 

61.00 

67.32 

76.14 

82.63 

89.90 

6.83 

8.22 

9.52 

9.10 

10.91 

12.34 

12.80 

13.47 

13.62 

15.24 

16.78 

16.52 

16.48 

18.21 

18.76 

19.44 

20.29 

21.10 

21.87 

23.58 

26.43 

27.57 

30.14 

32.98 

34.65 

35.82 

36.95 

41.71 

49.30 

52.62 

57.58 

62.21 

69.38 

79.34 

85.30 

87.56 

7.37 

8.80 

9.13 

8.68 

12.34 

12.36 

13.31 

13.28 

13.75 

15.96 

16.88 

16.18 

16.84 

18.66 

18.70 

19.88 

20.50 

21.18 

22.15 

24.31 

26.81 

28.18 

30.70 

33.65 

34.74 

36.19 

37.17 

44.62 

49.63 

54.45 

58.50 

63.59 

71.32 

79.88 

88.30 

87.79 

7.54 

9.15 

8.98 

9.22 

12.28 

12.33 

13.62 

13.46 

14.01 

16.19 

16.75 

16.35 

17.10 

18.64 

18.81 

20.12 

20.74 

21.62 

22.54 

25.19 

27.07 

28.77 

31.26 

34.20 

34.90 

35.93 

38.21 

48.16 

50.27 

55.54 

59.94 

65.31 

72.89 

80.08 

89.55 

85.07 

7.54 

9.15 

8.98 

9.22 

12.28 

12.33 

13.62 

13.46 

14.01 

16.19 

16.75 

16.35 

17.10 

18.64 

18.81 

20.12 

20.74 

21.62 

22.54 

25.19 

27.07 

28.77 

31.26 

34.20 

34.90 

35.93 

38.21 

48.16 

50.27 

55.54 

59.94 

65.31 

72.89 

80.08 

89.55 

85.07 

instalment credtt 

of dolars} End of period 

4,740 

7,342 

9,520 

12,546 

15,516 

16,046 

20,984 

23,821 

25,151 

30,399-

33,053 

34,846 

35,499 

41,255 

44,656 

46,007 

51,499 

57,997 

66,281 

74,195 

78,930 

81,904 

92,448 

100,468 

107,424 

116,751 

136,998 

155,245 

163,755 

169,612 

197,086 

233,173 

278,525 

308,653 

312,736 

328,781 

4,956 

7,719 

9,667 

12,801 

15,531 

16,169 

21,569 

23,744 

25,732 

30,798 

33,232 

34,679 

35,891 

41,825 

44,502 

46,184 

51,857 

59,147 

66,760 

74,604 

78,969 

83,331 

92,905 

100,515 

107,901 

118,947 

138,615 

155,514 

162,433 

173,686 

199,950 

236,567 

280,963 

313,399 

314,663 

328,999 

5,184 

7,987 

9,870 

13,027 

15,429 

16,345 

21,944 

23,743 

26,243 

31,048 

33,378 

34,540 

36,316 

42,348 

44,323 

46,686 

52,466 

59,679 

67,677 

74,953 

78,967 

84,030 

93,830 

100,473 

108,480 

120,345 

140,197 

156,498 

162,213 

175,601 

203,067 

239,955 

284,753 

311,396 

316,792 

330,634 

5,398 

8,197 

10,130 

13,344 

15,385 

16,892 

22,334 

23,725 

26,773 

31,288 

33,642 

34,456 

36,802 

42,691 

44,270 

47,137 

52,974 

60,399 

68,458 

75,292 

79,034 

84,724 

94,780 

100,717 

109,105 

121,692 

142,229 

157,880 

162,080 

177,150 

206,090 

244,473 

287,905 

308,029 

318,794 

332,142 

5,600 

8,378 

10,373 

13,768 

15,357 

17,524 

22,605 

23,770 

27,337 

31,443 

33,814 

34,324 

37,321 

43,055 

44,310 

47,587 

53,530 

61,023 

69,081 

75,660 

79,367 

85,442 

95,611 

101,346 

109,825 

123,347 

143,995 

159,058 

162,408 

178,940 

208,847 

249,074 

290,265 

305,080 

319,859 

333,884 

5,784 

8,583 

10,571 

14,300 

15,222 

17,929 

22,952 

23,837 

27,756 

31,571 

34,088 

34,317 

37,891 

43,325 

44,352 

48,027 

54,141 

61,659 

69,780 

76,187 

79,587 

86,170 

96,339 

102,179 

110,771 

124,383 

145,927 

160,221 

163,842 

180,664 

211,597 

252,402 

293,179 

304,422 

321,466 

334,276 

5,959 

8,786 

10,800 

14,649 

15,327 

18,224 

23,203 

23,878 

28,302 

31,823 

34,283 

34,277 

38,528 

43,550 

44,475 

48,461 

54,736 

62,239 

70,444 

76,608 

79,976 

86,782 

96,913 

102,714 

111,823 

125,896 

147,425 

161,438 

164,870 

182,486 

214,522 

255,702 

296,109 

305,599 

323,272 

334,343 

6,130 

9,027 

11,054 

15,038 

15,458 

18,613 

23,428 

23,984 

28,838 

31,987 

34,476 

34,364 

39,127 

43,826 

44,669 

48,866 

55,304 

62,982 

71,108 

76,950 

80,395 

87,440 

97,718 

103,322 

112,956 

127,130 

148,806 

162,245 

165,719 

184,482 

217,440 

258,928 

299,556 

305,396 

326,083 

335,180 

6,345 

9,074 

11,375 

15,179 

15,550 

19,198 

23,655 

24,101 

29,130 

32,187 

34,653 

34,311 

39,698 

43,996 

44,854 

49,297 

55,976 

63,563 

71,602 

77,268 

80,571 

88,347 

98,376 

103,458 

113,885 

128,339 

150,481 

162,501 

166,924 

186,594 

220,284 

261,786 

302,570 

306,473 

326,867 

335,593 

6,625 

9,167 

11,684 

15,145 

15,710 

19,593 

23,846 

24,223 

29,451 

32,479 

34,804 

34,437 

40,121 

44,227 

45,119 

49,862 

56,511 

63,966 

72,212 

77,690 

81,136 

89,189 

99,076 

103,268 

115,143 

129,685 

152,017 

162,376 

168,028 

188,129 

223,655 

265,461 

305,601 

307,649 

326,504 

336,897 

6,901 

9,278 

11,946 

15,166 

15,859 

20,121 

23,870 

24,470 

29,809 

32,660 

34,914 

34,736 

40,421 

44,335 

45,438 

50,375 

57,056 

64,674 

72,814 

78,162 

81,783 

90,112 

99,381 

103,905 

116,434 

131,258 

152,910 

162,203 

169,387 

190,725 

226,646 

269,392 

307,115 

308,137 

326,274 

339,316 

4,956 

7,719 

9,667 

12,801 

15,531 

16,169 

21,569 

23,744 

25,732 

30,798 

33,232 

34,679 

35,891 

41,825 

44,502 

46,184 

51,857 

59,147 

66,760 

74,604 

78,969 

83,331 

92,905 

100,515 

107,901 

118,947 

138,615 

155,514 

162,433 

173,686 

199,950 

236,567 

280,963 

313,399 

314,663 

328,999 

5,600 

8,378 

10,373 

13,768 

15,357 

17,524 

22,605 

23,770 

27,337 

31,443 

33,814 

34,324 

37,321 

43,055 

44,310 

47,587 

53,530 

61,023 

69,081 

75,660 

79,367 

85,442 

95,611 

101,346 

109,825 

123,347 

143,995 

159,058 

162,408 

178,940 

208,847 

249,074 

290,265 

305,080 

319,859 

333,884 

6,130 

9,027 

11,054 

15,038 

15,458 

18,613 

23,428 

23,984 

28,838 

31,987 

34,476 

34,364 

39,127 

43,826 

44,669 

48,866 

55,304 

62,982 

71,108 

76,950 

80,395 

87,440 

97,718 

103,322 

112,956 

127,130 

148,806 

162,245 

165,719 

184,482 

217,440 

258,928 

299,556 

305,396 

326,083 

335,180 

6,901 

9,278 

11,946 

15,166 

15,859 

20,121 

23,870 

24,470 

29,809 

32,660 

34,914 

34,736 

40,421 

44,335 

45,438 

50,375 

57,056 

64,674 

72,814 

78,162 

81,783 

90,112 

99,381 

103,905 

116,434 

131,258 

152,910 

162,203 

169,387 

190,725 

226,646 

269,392 

307,115 

308,137 

326,274 

339,316 

6,901 

9,278 

11,946 

15,166 

15,859 

20,121 

23,870 

24,470 

29,809 

32,660 

34,914 

34,736 

40,421 

44,335 

45,438 

50,375 

57,056 

64,674 

72,814 

78,162 

81,783 

90,112 

99,381 

103,905 

116,434 

131,258 

152,910 

162,203 

169,387 

190,725 

226,646 

269,392 

307,115 

308,137 

326,274 

339,316 

69. Manufacturers' machinery and equipment sales and business construction expenditures 

[Annual rate, bWons of dolars] Average for period 

33.85 

30.46 

31.14 

35.07 

42.65 

36.64 

37.56 

40.62 

40.81 

43.51 

45.16 

50.04 

58.39 

68.05 

72.80 

91.65 

99.90 

105.99 

101.95 

113.74 

124.03 

153.01 

164.23 

164.79 

184.61 

215.16 

267.25 

319.30 

331.22 

344.06 

33.28 

29.39 

31.75 

35.56 

41.47 

36.47 

37.99 

41.20 

40.27 

44.23 

44.72 

50.57 

60.22 

70.90 

72.08 

92.59 

102.45 

104.72 

103.46 

114.87 

127.84 

153.04 

159.61 

165.88 

188.57 

217.60 

279.21 

315.73 

343.78 

343.89 

34.04 

28.90 

31.60 

38.02 

41.29 

35.24 

38.39 

41.62 

40.42 

44.82 

46.07 

51.32 

61.01 

71.08 

71.47 

93.90 

101.35 

105.25 

101.79 

114.97 

132.27 

154.28 

160.46 

167.62 

191.37 

229.70 

275.48 

310.09 

346.11 

328.44 

33.70 

28.48 

32.37 

38.51 

40.89 

34.63 

39.50 

41.92 

40.07 

45.51 

46.87 

52.58 

61.24 

71.24 

71.89 

91.69 

101.65 

104.91 

103.23 

115.20 

133.44 

156.28 

159.70 

170.60 

194.45 

226.94 

281.27 

310.46 

345.55 

334.75 

32.31 

28.27 

32.82 

39.99 

40.68 

35.45 

39.79 

41.59 

40.58 

45.66 

46.60 

53.35 

61.38 

72.83 

73.12 

91.34 

102.92 

101.86 

104.85 

115.25 

135.94 

161.95 

159.34 

170.05 

191.61 

235.22 

281.16 

311.08 

353.96 

332.35 

32.82 

29.26 

32.26 

39.50 

39.99 

34.32 

41.31 

42.53 

39.90 

45.10 

47.58 

55.65 

62.42 

73.78 

73.51 

91.55 

104.87 

103.86 

102.98 

114.70 

140.74 

159.60 

158.94 

170.88 

198.29 

238.14 

291.60 

314.67 

350.15 

326.06 

31.30 

28.29 

33.24 

39.51 

41.24 

35.16 

40.24 

40.26 

41.69 

46.17 

47.82 

53.98 

62.02 

75.01 

74.35 

92.42 

105.15 

103.13 

104.14 

116.65 

139.88 

159.53 

159.52 

173.76 

201.66 

244.93 

298.26 

305.33 

359.04 

316.23 

31.39 

28.36 

34.21 

39.34 

40.39 

35.26 

40.74 

41.31 

42.16 

45.30 

48.18 

54.64 

64.06 

74.94 

74.52 

93.96 

107.83 

101.22 

106.02 

115.40 

142.47 

164.83 

158.88 

173.20 

202.81 

251.83 

295.49 

321.27 

360.03 

320.13 

31.93 

27.34 

34.20 

40.62 

40.62 

35.07 

40.50 

40.97 

42.58 

45.12 

48.91 

55.26 

65.42 

75.80 

73.56 

95.40 

107.10 

100.38 

105.56 

116.57 

145.34 

168.28 

161.93 

175.04 

207.70 

253.54 

301.89 

322.81 

349.75 

308.63 

31.02 

28.22 

34.39 

41.84 

40.01 

36.04 

40.17 

40.65 

42.90 

45.16 

48.45 

55.66 

66.65 

74.33 

74.63 

96.66 

106.32 

100.98 

106.78 

119.32 

150.63 

169.02 

160.27 

178.03 

208.55 

257.17 

296.30 

323.36 

357.85 

310.31 

30.48 

29.06 

34.93 

42.51 

38.09 

35.74 

41.08 

41.08 

43.17 

44.10 

48.65 

57.15 

68.95 

75.05 

77.93 

94.18 

106.30 

102.38 

113.33 

120.90 

149.53 

163.26 

158.80 

185.00 

210.65 

260.98 

305.03 

324.70 

353.04 

310.02 

33.54 

30.45 

30.86 

35.05 

41.96 

37.05 

37.42 

40.94 

40.56 

43.38 

44.74 

50.28 

58.69 

69.02 

72.68 

92.97 

100.00 

104.62 

102.29 

114.30 

125.77 

152.38 

162.62 

163.56 

185.20 

214.10 

270.75 

315.71 

336.11 

340.75 

33.35 

28.55 

32.26 

38.84 

40.95 

35.11 

39.23 

41.71 

40.36 

45.33 

46.51 

52.42 

61.21 

71.72 

72.16 

92.31 

101.97 

104.01 

103.29 

115.14 

133.88 

157.50 

159.83 

169.42 

192.48 

230.62 

279.30 

310.54 

348.54 

331.85 

31.84 

28.64 

33.24 

39.45 

40.54 

34.91 

40.76 

41.37 

41.25 

45.52 

47.86 

54.76 

62.83 

74.58 

74.13 

92.64 

105.95 

102.74 

104.38 

115.58 

141.03 

161.32 

159.11 

172.61 

200.92 

244.97 

295.12 

313.76 

356.41 

320.81 

31.14 

28.21 

34.51 

41.66 

39.57 

35.62 

40.58 

40.90 

42.88 

44.79 

48.67 

56.02 

67.01 

75.06 

75.37 

95.41 

106.57 

101.25 

108.56 

118.93 

148.50 

166.85 

160.33 

179.36 

208.97 

257.23 

301.07 

323.62 

353.55 

309.65 

32.47 

28.96 

32.72 

38.75 

40.76 

35.67 

39.50 

41.23 

41.26 

44.76 

46.95 

53.37 

62.44 

72.59 

73.58 

93.33 

103.62 

103.15 

104.63 

115.99 

137.30 

159.51 

160.48 

171.24 

196.89 

236.73 

286.56 

315.91 

348.65 

325.76 

Digitized for FRASER 

90 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Year 

Monthly 

Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. 

70. Manufacturing and trade inventories in 1972 dolars 

[BMons of dolars] 

Quarterly 

JL5_ IV Q Annual 

End of period 

1947 

1948 76.48 

1949 81.38 

1950 79.68 

1951 88.45 

1952 99.29 

1953 105.30 

1954 106.26 

1955 102.94 

1956 107.80 

1957 113.45 

1958 112.03 

1959 111.57 

1960 118.30 

1961 119.62 

1962 122.32 

1963 128.10 

1964 133.81 

1965 140.92 

1966 150.14 

1967 166.74 

1968 174.62 

1969 182.62 

1970 190.53 

1971 194.65 

1972 200.40 

1973 209.82 

1974 222.14 

1975 231.80 

1976 225.58 

1977 235.70 

1978 247.15 

1979 261.05 

1980 264.71 

1981 263.85 

1982 267.83 

1947 

1948 47.52 

1949 53.30 

1950 49.66 

1951 62.26 

1952 70.72 

1953 74.01 

1954 75.73 

1955 73.55 

1956 80.27 

1957 87.85 

1958 87.67 

1959 87.14 

1960 92.92 

1961 94.43 

1962 96.18 

1963 101.24 

1964 106.02 

1965 112.46 

1966 121.76 

1967 137.86 

1968 145.74 

1969 156.61 

1970 169.39 

1971 178.41 

1972 188.35 

1973 204.63 

1974 236.83 

1975 286.94 

1976 290.10 

1977 320.92 

1978 354.06 

1979 403.75 

1980 455.64 

1981 496.10 

1982 523.65 

1947 10,475 

1948 13,417 

1949 14,055 

1950 12,677 

1951 16,503 

1952 19,632 

1953 21,227 

1954 21,000 

1955 20,529 

1956 24,515 

1957 28,695 

1958 29,171 

1959 28,567 

1960 31,433 

1961 32,999 

1962 33,582 

1963 36,039 

1964 38,931 

1965 43,562 

1966 53,195 

1967 61,876 

1968 67,254 

1969 77,048 

1970 88,521 

197J 90,944 

1972 84,478 

1973 94,279 

1974 113,967 

1975 140,652 

1976 125,349 

1977 124,450 

1978 135,158 

1979 156,487 

1980 191,892 

1981 211,841 

1982 252,112 

76.94 

81.67 

79.50 

89.15 

99.22 

105.54 

105.93 

103.01 

108.85 

113.26 

111.52 

111.94 

119.40 

119.30 

122.94 

128.50 

134.20 

141.44 

151.60 

167.60 

174.93 

183.55 

191.27 

195.11 

200.46 

210.93 

222.93 

230.13 

226.48 

236.44 

248.26 

261.76 

264.84 

265.04 

266.93 

77.41 

81.69 

80.08 

90.18 

99.32 

106.01 

105.51 

103.71 

109.04 

113.23 

111.20 

112.51 

120.32 

118.85 

123.77 

128.97 

134.63 

142.99 

152.93 

168.44 

175.02 

184.31 

191.57 

196.12 

200.92 

211.53 

224.44 

229.84 

227.53 

237.08 

250.48 

262.18 

264.96 

264.56 

266.28 

77.69 

81.33 

80.42 

91.52 

99.33 

106.98 

105.00 

103.60 

110.09 

113.51 

110.68 

113.86 

120.11 

118.84 

123.84 

129.11 

135.27 

143.61 

153.90 

169.10 

176.10 

185.04 

192.54 

196.76 

201.80 

212.37 

224.97 

228.08 

228.50 

238.13 

252.37 

263.06 

266.68 

264.42 

267.04 

77.95 

81.30 

81.30 

93.14 

99.09 

107.31 

104.59 

104.23 

110.70 

113.50 

110.20 

114.29 

120.62 

118.95 

124.65 

129.58 

135.60 

144.18 

155.38 

169.43 

177.40 

186.13 

192.13 

197.44 

203.08 

213.24 

226.25 

226.54 

229.23 

239.07 

253.35 

264.13 

266.82 

266.30 

265.27 

78.92 

81.33 

81.97 

94.42 

99.72 

107.76 

104.05 

105.19 

111.20 

113.64 

109.99 

115.16 

120.84 

119.03 

125.26 

130.30 

136.24 

145.08 

157.09 

169.51 

177.94 

186.67 

192.81 

198.06 

203.36 

214.25 

227.96 

227.12 

231.11 

239.78 

253.79 

264.81 

265.88 

266.20 

265.88 

80.03 

81.47 

80.93 

95.32 

99.70 

108.56 

103.56 

105.77 

111.73 

113.88 

109.84 

115.84 

121.16 

119.16 

125.65 

130.92 

136.56 

146.32 

158.14 

169.92 

178.32 

187.74 

193.72 

198.17 

203.37 

215.43 

227.77 

224.88 

231.10 

240.70 

254.21 

266.64 

265.70 

266.72 

266.21 

80.16 

81.49 

82.79 

96.40 

99.68 

108.50 

102.95 

106.39 

112.11 

114.48 

109.55 

116.05 

121.00 

119.67 

126.04 

131.28 

136.72 

147.17 

159.38 

170.94 

179.44 

188.59 

194.37 

198.73 

204.90 

215.14 

227.04 

224.67 

231.36 

242.13 

255.46 

266.76 

265.18 

267.72 

265.79 

80.24 

81.79 

83.73 

96.80 

100.90 

108.56 

102.88 

106.25 

112.68 

114.88 

110.24 

115.58 

121.50 

120.27 

126.71 

131.80 

137.77 

147.30 

160.29 

171.29 

180.02 

189.57 

194.29 

199.52 

206.13 

216.33 

229.57 

226.57 

233.58 

243.78 

256.17 

265.18 

264.96 

269.30 

266.01 

80.35 

81.28 

84.68 

97.50 

101.91 

107.84 

102.41 

106.78 

112.76 

113.82 

110.48 

115.88 

121.41 

120.52 

127.36 

132.58 

137.93 

147.69 

162.14 

171.33 

181.13 

190.20 

193.99 

199.56 

206.89 

217.04 

229.63 

225.16 

233.33 

243.97 

257.18 

266.06 

264.70 

269.65 

264.90 

80.35 

80.50 

86.11 

98.08 

102.51 

107.12 

102.78 

106.90 

113.28 

113.55 

110.72 

115.87 

121.52 

121.17 

127.46 

132.92 

138.80 

148.39 

163.76 

172.58 

181.52 

190.48 

194.24 

199.21 

207.76 

219.00 

230.55 

224.07 

233.70 

244.92 

258.36 

265.11 

264.36 

270.78 

262.12 

80.11 

79.50 

86.59 

98.51 

102.95 

106.78 

102.62 

107.20 

113.22 

113.61 

111.42 

117.36 

120.11 

121.59 

127.78 

133.06 

139.82 

149.25 

165.17 

173.85 

181.89 

191.14 

194.04 

200.01 

208.02 

221.30 

233.00 

225.19 

235.08 

246.18 

259.67 

264.45 

264.09 

269.42 

261.21 

77.41 

81.69 

. 80.08 

90.18 

99.32 

106.01 

105.51 

103.71 

109.04 

113.23 

111.20 

112.51 

120.32 

118.85 

123.77 

128.97 

134.63 

142.99 

152.93 

168.44 

175.02 

184.31 

191.57 

196.12 

200.92 

211.53 

224.44 

229.84 

227.53 

237.08 

250.48 

262.18 

264.96 

264.56 

266.28 

78.92 

81.33 

81.97 

94.42 

99.72 

107.76 

104.05 

105.19 

111.20 

113.64 

109.99 

115.16 

120.84 

119.03 

125.26 

130.30 

136.24 

145.08 

157.09 

169.51 

177.94 

186.67 

192.81 

198.06 

203.36 

214.25 

227.96 

227.12 

231.11 

239.78 

253.79 

264.81 

265.88 

266.20 

265.88 

80.24 

81.79 

83.73 

96.80 

100.90 

108.56 

102.88 

106.25 

112.68 

114.88 

110.24 

115.58 

121.50 

120.27 

126.71 

131.80 

137.77 

147.30 

160.29 

171.29 

180.02 

189.57 

194.29 

199.52 

206.13 

216.33 

229.57 

226.57 

233.58 

243.78 

256.17 

265.18 

264.96 

269.30 

266.01 

80.11 

79.50 

86.59 

98.51 

102.95 

106.78 

102.62 

107.20 

113.22 

113.61 

111.42 

117.36 

120.11 

121.59 

127.78 

133.06 

139.82 

149.25 

165.17 

173.85 

181.89 

191.14 

194.04 

200.01 

208.02 

221.30 

233.00 

225.19 

235.08 

246.18 

259.67 

264.45 

264.09 

269.42 

261.21 

80.11 

79.50 

86.59 

98.51 

102.95 

106.78 

102.62 

107.20 

113.22 

113.61 

111.42 

117.36 

120.11 

121.59 

127.78 

133.06 

139.82 

149.25 

165.17 

173.85 

181.89 

191.14 

194.04 

200.01 

208.02 

221.30 

233.00 

225.19 

235.08 

246.18 

259.67 

264.45 

264.09 

269.42 

261.21 

71. Manufacturing and trade inventories, book value 

[BBons of dolars] End of period 

48.24 

53.33 

49.63 

63.74 

70.63 

74.19 

75.44 

73.82 

81.33 

88.05 

87.92 

87.44 

93.96 

94.21 

96.76 

101.56 

106.40 

112.99 

123.24 

138.45 

146.54 

157.95 

170.44 

179.36 

188.99 

207.04 

240.06 

286.24 

292.39 

323.70 

357.35 

408.60 

460.72 

501.21 

521.29 

48.83 

53.06 

50.07 

65.27 

70.62 

74.64 

75.12 

74.45 

81.75 

88.21 

87.44 

87.89 

94.73 

93.68 

97.41 

101.78 

106.82 

114.28 

124.42 

139.19 

147.10 

159.26 

171.12 

180.64 

189.84 

209.37 

244.39 

285.27 

294.60 

326.68 

362.48 

412.13 

465.10 

502.94 

520.44 

49.20 

52.41 

50.37 

66.65 

70.43 

75.37 

74.74 

74.52 

82.84 

88.52 

86.65 

89.07 

94.74 

93.68 

97.56 

101.88 

107.39 

114.89 

125.44 

139.74 

148.31 

160.28 

172.38 

181.66 

191.11 

211.60 

247.28 

285.19 

297.02 

330.08 

367.72 

417.98 

472.13 

504.87 

523.37 

49.36 

51.87 

51.06 

67.87 

70.05 

75.69 

74.42 

75.02 

83.51 

88.51 

86.08 

89.58 

95.31 

93.75 

98.31 

102.33 

107.78 

115.58 

127.02 

140.18 

149.65 

161.67 

172.34 

182.80 

192.81 

214.50 

252.06 

284.04 

299.54 

332.33 

371.25 

422.58 

474.94 

508.56 

519.12 

50.11 

51.42 

51.67 

68.65 

70.23 

76.17 

74.04 

75.69 

84.04 

88.58 

85.94 

90.48 

95.52 

93.66 

98.81 

102.80 

108.25 

116.44 

128.72 

140.43 

150.48 

162.65 

173.41 

183.25 

193.45 

217.17 

256.96 

283.58 

303.60 

334.27 

374.53 

427.15 

476.61 

511.70 

521.04 

51.06 

51.05 

51.40 

69.10 

69.99 

76.96 

73.70 

76.24 

84.52 

88.83 

85.74 

91.18 

95.90 

93.87 

99.19 

103.23 

108.48 

117.48 

130.06 

140.92 

150.98 

163.85 

174.64 

184.00 

194.08 

219.39 

262.00 

284.09 

306.24 

335.94 

377.36 

434.13 

479.30 

514.00 

521.14 

51.49 

50.81 

53.23 

69.53 

69.91 

77.19 

73.24 

76.98 

84.96 

89.42 

85.59 

91.33 

95.72 

94.32 

99.67 

103.72 

108.86 

118.48 

131.49 

141.94 

152.24 

165.00 

175.67 

185.10 

196.15 

221.40 

265.89 

285.30 

307.87 

339.02 

381.24 

437.65 

482.39 

518.48 

521.26 

51.92 

50.89 

54.71 

69.53 

70.80 

77.41 

73.17 

77.39 

85.63 

89.88 

85.95 

90.94 

95.88 

94.72 

100.39 

104.28 

110.02 

118.88 

132.64 

142.52 

153.08 

166.38 

176.30 

186.14 

197.76 

223.40 

271.29 

286.69 

312.03 

342.90 

384.80 

439.12 

485.04 

522.39 

521.00 

52.34 

50.56 

56.38 

69.77 

71.58 

76.99 

72.85 

78.33 

86.05 

89.16 

86.26 

91.23 

95.80 

94.88 

100.91 

105.04 

110.01 

119.35 

134.19 

142.52 

154.36 

167.52 

176.48 

186.60 

199.04 

225.38 

276.46 

288.20 

314.08 

344.59 

389.26 

444.16 

487.58 

524.17 

519.80 

52.58 

50.10 

58.37 

69.98 

72.06 

76.40 

73.20 

78.91 

86.94 

88.99 

86.55 

91.14 

95.85 

95.50 

100.95 

105.44 

110.76 

120.11 

135.60 

143.68 

155.02 

168.22 

177.31 

186.52 

200.61 

228.74 

281.00 

287.99 

316.21 

347.69 

393.84 

446.95 

489.58 

527.16 

513.89 

52.51 

49.50 

59.82 

70.24 

72.38 

76.12 

73.18 

79.52 

87.30 

89.05 

87.09 

92.13 

94.72 

95.60 

101.06 

105.48 

111.50 

120.91 

136.79 

144.80 

155.70 

169.34 

177.56 

187.76 

201.95 

233.24 

285.81 

288.38 

318.54 

351.04 

398.89 

450.74 

492.88 

526.15 

511.94 

48.83 

53.06 

50.07 

65.27 

70.62 

74.64 

75.12 

74.45 

81.75 

88.21 

87.44 

87.89 

94.73 

93.68 

97.41 

101.78 

106.82 

114.28 

124.42 

139.19 

147.10 

159.26 

171.12 

180.64 

189.84 

209.37 

244.39 

285.27 

294.60 

326.68 

362.48 

412.13 

465.10 

502.94 

520.44 

50.11 

51.42 

51.67 

68.65 

70.23 

76.17 

74.04 

75.69 

84.04 

88.58 

85.94 

90.48 

95.52 

93.66 

98.81 

102.80 

108.25 

116.44 

128.72 

140.43 

150.48 

162.65 

173.41 

183.25 

193.45 

217.17 

256.96 

283.58 

303.60 

334.27 

374.53 

427.15 

476.61 

511.70 

521.04 

51.92 

50.89 

54.71 

69.53 

70.80 

77.41 

73.17 

77.39 

85.63 

89.88 

85.95 

90.94 

95.88 

94.72 

100.39 

104.28 

110.02 

118.88 

132.64 

142.52 

153.08 

166.38 

176.30 

186.14 

197.76 

223.40 

271.29 

286.69 

312.03 

342.90 

384.80 

439.12 

485.04 

522.39 

521.00 

52.51 

49.50 

59.82 

70.24 

72.38 

76.12 

73.18 

79.52 

87.30 

89.05 

87.09 

92.13 

94.72 

95.60 

101.06 

105.48 

111.50 

120.91 

136.79 

144.80 

155.70 

169.34 

177.56 

187.76 

201.95 

233.24 

285.81 

288.38 

318.54 

351.04 

398.89 

450.74 

492.88 

526.15 

511.94 

52.51 

49.50 

59.82 

70.24 

72.38 

76.12 

73.18 

79.52 

87.30 

89.05 

87.09 

92.13 

94.72 

95.60 

101.06 

105.48 

111.50 

120.91 

136.79 

144.80 

155.70 

169.34 

177.56 

187.76 

201.95 

233.24 

285.81 

288.38 

318.54 

351.04 

398.89 

450.74 

492.88 

526.15 

511.94 

72. Commercial and industrial loans outstanding in current dolars 

s of dolars] Average for period 

10,713 

13,358 

13,979 

12,764 

17,116 

19,641 

21,277 

21,064 

20,692 

24,686 

28,720 

28,835 

28,583 

31,870 

32,966 

33,712 

36,126 

39,195 

44,618 

54,071 

62,404 

67,415 

77,843 

90,023 

91,625 

85,260 

98,034 

116,322 

139,605 

125,758 

125,824 

135,658 

158,818 

196,003 

212,204 

257,318 

11,149 

13,371 

13,861 

12,763 

17,579 

19,761 

21,430 

21,036 

20,916 

25,414 

29,182 

28,728 

28,820 

32,093 

33,111 

33,907 

36,251 

39,201 

45,563 

54,805 

63,100 

67,732 

79,091 

91,243 

91,904 

86,195 

100,124 

117,738 

138,152 

123,490 

126,179 

138,536 

160,803 

198,987 

210,484 

259,299 

11,506 

13,473 

13,605 

12,849 

18,079 

19,742 

21,675 

20,967 

21,049 

25,932 

29,503 

28,554 

29,092 

32,293 

33,079 

34,121 

36,458 

39,554 

46,203 

55,377 

63,598 

68,877 

81,132 

91,333 

90,891 

87,342 

101,768 

122,857 

136,564 

120,789 

126,925 

140,620 

166,262 

199,207 

214,356 

264,651 

11,592 

13,834 

13,409 

12,936 

18,453 

19,809 

21,816 

20,811 

21,416 

26,448 

29,650 

28,168 

29,573 

32,591 

33,020 

34,269 

36,626 

39,882 

47,209 

56,139 

63,998 

69,067 

82,277 

91,864 

91,662 

87,906 

103,074 

125,111 

133,750 

121,069 

127,740 

143,029 

168,693 

197,502 

220,005 

268,405 

11,639 

14,065 

13,163 

13,242 

18,646 

19,969 

21,747 

20,650 

21,796 

26,799 

30,033 

28,079 

30,042 

33,011 

32,955 

34,509 

36,740 

40,137 

47,718 

57,228 

64,682 

69,598 

83,502 

92,444 

90,706 

88,268 

105,166 

126,537 

131,397 

122,018 

128,990 

145,547 

172,102 

201,874 

224,269 

271,042 

11,770 

14,385 

12,833 

13,619 

18,757 

20,141 

21,778 

20,651 

22,244 

27,145 

30,245 

28,039 

30,026 

32,993 

33,012 

34,740 

36,872 

40,428 

48,072 

58,223 

65,083 

70,294 

83,909 

92,433 

89,951 

88,429 

106,581 

130,706 

130,713 

121,328 

128,860 

146,937 

175,813 

200,401 

228,645 

271,707 

12,019 

14,507 

12,660 

14,057 

18,865 

20,190 

21,934 

19,804 

22,664 

27,418 

30,285 

27,941 

30,456 

32,840 

33,131 

35,038 

37,047 

40,839 

49,139 

59,360 

64,862 

71,359 

85,141 

93,072 

91,627 

88,800 

108,505 

133,304 

129,579 

121,083 

130,214 

147,792 

179,510 

201,140 

233,421 

272,101 

12,250 

14,461 

12,641 

14,696 

18,968 

20,381 

21,819 

19,753 

22,977 

27,778 

30,374 

28,122 

30,646 

32,956 

33,214 

35,318 

37,341 

41,418 

50,141 

59,950 

65,155 

72,318 

86,404 

93,435 

93,437 

88,593 

108,458 

137,429 

128,146 

120,710 

130,848 

148,769 

184,298 

202,808 

238,357 

273,934 

12,548 

14,356 

12,670 

15,027 

19,111 

20,650 

21,640 

19,718 

23,421 

27,858 

29,969 

28,215 

30,915 

32,996 

33,215 

35,635 

37,821 

41,625 

50,812 

60,578 

65,644 

73,153 

87,358 

91,680 

92,465 

90,502 

109,664 

138,352 

126,999 

121,770 

132,174 

150,501 

184,899 

204,099 

240,455 

274,160 

12,904 

14,196 

12,604 

15,462 

19,194 

21,031 

21,451 

19,955 

23,771 

28,199 

29,573 

28,342 

31,076 

33,118 

33,280 

35,939 

38,579 

42,068 

51,650 

61,043 

66,161 

74,374 

88,070 

91,082 

92,301 

91,408 

110,877 

139,734 

126,131 

123,317 

133,272 

152,486 

183,895 

208,596 

243,965 

268,847 

13,158 

14,087 

12,573 

15,986 

19,411 

21,133 

21,058 

20,314 

24,110 

28,395 

29,517 

28,496 

31,288 

33,018 

33,429 

35,986 

39,045 

42,737 

52,300 

61,332 

67,068 

75,150 

89,059 

91,069 

91,788 

92,111 

111,764 

139,873 

126,245 

124,225 

134,372 

152,870 

186,969 

210,377 

246,682 

263,475 

10,779 

13,382 

13,965 

12,735 

17,066 

19,678 

21,311 

21,033 

20,712 

24,872 

28,866 

28,911 

28,657 

31,799 

33,025 

33,734 

36,139 

39,109 

44,581 

54,024 

62,460 

67,467 

77,994 

89,929 

91,491 

85,311 

97,479 

116,009 

139,470 

124,866 

125,484 

136,451 

158,703 

195,627 

211,510 

256,243 

11,579 

13,791 

13,392 

13,009 

18,393 

19,840 

21,746 

20,809 

21,420 

26,393 

29,729 

28,267 

29,569 

32,632 

33,018 

34,300 

36,608 

39,858 

47,043 

56,248 

64,093 

69,181 

82,304 

91,880 

91,086 

87,839 

103,336 

124,835 

133,904 

121,292 

127,885 

143,065 

169,019 

199,528 

219,543 

268,033 

12,013 

14,451 

12,711 

14,124 

18,863 

20,237 

21,844 

20,069 

22,628 

27,447 

30,301 

28,034 

30,376 

32,930 

33,119 

35,032 

37,087 

40,895 

49,117 

59,178 

65,033 

71,324 

85,151 

92,980 

91,672 

88,607 

107,848 

133,813 

129,479 

121,040 

129,974 

147,833 

179,874 

201,450 

233,474 

272,581 

12,870 

14,213 

12,616 

15,492 

19,239 

20,938 

21,383 

19,996 

23,767 

28,151 

29,686 

28,351 

31,093 

33,044 

33,308 

35,853 

38,482 

42,143 

51,587 

60,984 

66,291 

74,226 

88,162 

91,277 

92,185 

91,340 

110,768 

139,320 

126,458 

123,104 

133,273 

151,952 

185,254 

207,691 

243,701 

268,827 

11,810 

13,959 

13,171 

13,840 

18,390 

20,173 

21,571 

20,477 

22,132 

26,716 

29,646 

28,391 

29,924 

32,601 

33,118 

34,730 

37,079 

40,501 

48,082 

57,608 

64,469 

70,549 

83,403 

91,517 

91,608 

88,274 

104,858 

128,494 

132,328 

122,576 

129,154 

144,825 

173,212 

201,074 

227,057 

266,421 

See footnotes at end of this part. 

Digitized for FRASER 

91 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Year Jan. Feb. 

Monthly 

Mar. Apr. May June July Aug. Sept. 

1947 36.6 

1948 39.0 

1949 38.1 

1950 36.5 

1951 48.4 

1952 50.1 

1953 58.7 

1954 52.7 

1955 54.9 

1956 61.2 

1957 63.2 

1958 54.3 

1959 59.6 

1960 67.5 

1961 57.7 

1962 66.1 

1963 70.5 

1964 75.5 

1965 84.0 

1966 94.8 

1967 100.5 

1968 104.4 

1969 109.8 

1970 105.2 

1971 101.4 

1972 107.0 

1973 122.5 

1974 126.3 

1975 109.0 

1976 116.5 

1977 124.6 

1978 132.1 

1979 147.0 

1980 144.8 

1981 141.0 

1982 127.1 

1947 41.6 

1948 42.5 

1949 41.8 

1950 43.7 

1951 49.7 

1952 47.7 

1953 50.9 

1954 50.1 

1955 54.5 

1956 59.8 

1957 60.9 

1958 59.9 

1959 65.5 

1960 70.0 

1961 68.3 

1962 74.0 

1963 77.2 

1964 82.7 

1965 88.9 

1966 94.1 

1967 98.8 

1968 102.8 

1969 108.9 

1970 112.2 

1971 113.6 

1972 122.1 

1973 130.3 

1974 135.5 

1975 119.8 

1976 138.0 

1977 146.5 

1978 152.4 

1979 161.6 

1980 166.0 

1981 165.6 

1982 155.1 

1947 v 42T ~ 

1948 43.7 

1949 42.5 

1950 45.4 

1951 52.4 

1952 48.1 

1953 53.7 

1954 51.1 

1955 56.7 

1956 61.1 

1957 62.0 

1958 60.9 

1959 66.5 

1960 71.4 

1961 68.6 

1962 75.1 

1963 79.2 

1964 84.0 

1965 90.7 

1966 95.6 

1967 99.0 

1968 103.3 

1969 108.9 

1970 108.0 

1971 112.2 

1972 119.8 

1973 129.5 

1974 128.3 

1975 117.0 

1976 133.1 

1977 141.4 

1978 143.2 

1979 151.3 

1980 147.9 

1981 146.9 

1982 139.6 

37.0 

38.7 

37.4 

37.0 

48.9 

50.4 

59.2 

52.2 

55.8 

60.6 

63.9 

52.4 

60.9 

66.9 

57.1 

67.5 

71.0 

75.9 

84.8 

95.6 

99.2 

105.0 

110.1 

104.8 

101.5 

108.3 

124.3 

125.6 

105.6 

118.8 

125.0 

132.3 

147.2 

144.4 

140.8 

129.3 

37.6 

38.9 

36.8 

37.8 

49.6 

50.7 

59.9 

51.4 

57.4 

60.6 

63.5 

51.4 

62.3 

65.4 

57.3 

68.0 

71.3 

76.1 

86.3 

97.0 

98.5 

104.7 

110.9 

104.9 

101.2 

109.3 

124.8 

126.0 

104.7 

119.9 

127.5 

135.0 

148.6 

143.5 

142.1 

128.2 

73. Index of industrial production, durable manufactures 

[1967=100] 

Oct. Nov. Dec. 

37.8 

38.4 

36.1 

40.2 

49.9 

50.1 

60.1 

51.0 

58.3 

61.9 

62.5 

50.3 

64.1 

64.3 

59.3 

68.5 

72.3 

77.2 

87.1 

98.1 

99.1 

105.1 

110.6 

104.1 

101.4 

111.2 

125.3 

126.0 

105.4 

120.5 

128.4 

137.6 

144.5 

138.5 

142.5 

126.7 

37.9 

38.9 

35.2 

42.0 

49.5 

50.4 

60.1 

51.3 

59.6 

60.6 

61.7 

50.7 

65.5 

63.8 

60.6 

68.0 

73.3 

77.5 

88.0 

98.5 

98.9 

106.7 

109.6 

103.6 

102.7 

111.7 

126.3 

127.5 

105.5 

122.5 

129.6 

137.9 

147.6 

133.3 

143.5 

126.1 

38.0 

39.5 

35.2 

44.1 

49.3 

48.1 

59.6 

51.4 

59.6 

60.4 

62.7 

52.5 

66.1 

62.5 

61.7 

67.6 

73.6 

77.7 

88.8 

99.0 

98.7 

107.2 

110.7 

103.1 

102.7 

112.3 

127.1 

128.5 

107.0 

123.0 

130.7 

139.0 

147.6 

129.9 

143.2 

125.5 

37.1 

40.1 

35.2 

45.7 

48.2 

45.8 

60.4 

50.9 

60.0 

55.7 

62.3 

52.9 

62.8 

62.4 

62.8 

68.3 

73.3 

78.6 

90.5 

99.4 

98.5 

106.9 

111.2 

103.2 

102.2 

112.9 

128.4 

128.5 

109.3 

124.3 

131.3 

141.1 

147.2 

128.7 

143.6 

125.9 

37.2 

39.9 

35.5 

47.6 

47.9 

51.8 

60.2 

50.8 

60.3 

60.0 

62.6 

54.2 

58.7 

62.1 

64.1 

68.8 

73.2 

79.2 

90.5 

99.7 

99.9 

106.5 

111.5 

103.0 

100.3 

114.6 

127.5 

128.6 

112.3 

125.1 

131.5 

141.8 

144.4 

129.9 

143.4 

124.9 

37.7 

39.5 

36.3 

47.2 

48.4 

54.4 

58.6 

50.7 

60.2 

61.7 

61.5 

54.9 

58.2 

61.2 

63.1 

69.3 

73.9 

79.9 

90.6 

100.8 

99.4 

106.4 

111.9 

101.4 

102.5 

116.4 

129.2 

129.1 

113.5 

123.2 

132.1 

142.9 

145.9 

132.1 

140.9 

123.5 

37.8 

40.0 

33.0 

47.6 

48.4 

55.5 

58.0 

51.5 

61.2 

62.5 

60.0 

55.1 

57.9 

60.9 

64.5 

69.5 

74.7 

77.5 

91.3 

102.1 

100.1 

107.0 

111.9 

97.1 

103.7 

118.4 

129.3 

126.6 

112.7 

122.6 

132.8 

144.6 

146.0 

135.7 

137.8 

120.3 

38.4 

39.3 

33.4 

47.7 

49.2 

57.1 

55.7 

52.5 

60.9 

62.3 

58.2 

58.4 

58.6 

59.4 

66.1 

69.9 

74.9 

81.3 

91.7 

100.3 

102.8 

108.6 

110.0 

96.5 

103.8 

120.0 

129.8 

121.6 

113.4 

124.7 

133.0 

145.5 

145.2 

139.2 

134.4 

119.3 

38.7 

38.7 

35.2 

48.2 

49.6 

57.8 

53.9 

53.4 

61.5 

63.4 

56.0 

58.5 

65.0 

57.6 

67.1 

70.1 

74.9 

83.3 

93.7 

100.9 

103.8 

108.8 

109.0 

100.3 

104.6 

121.8 

129.7 

114.7 

114.4 

126.3 

134.0 

146.8 

144.8 

140.3 

131.3 

119.9 

!4_ 

Quarterly 

IIO HI Q IV Q 

Annual 

Average for period 

37.1 

38.9 

37.4 

37.1 

49.0 

50.4 

59.3 

52.1 

56.0 

60.8 

63.5 

52.7 

60.9 

66.6 

57.4 

67.2 

70.9 

75.8 

85.0 

95.8 

99.4 

104.7 

110.3 

105.0 

101.4 

108.2 

123.9 

126.0 

106.4 

118.4 

125.7 

133.1 

147.6 

144.2 

141.3 

128.2 

37.9 

38.9 

35.5 

42.1 

49.6 

49.5 

59.9 

51.2 

59.2 

61.0 

62.3 

51.2 

65.2 

63.5 

60.5 

68.0 

73.1 

77.5 

88.0 

98.5 

98.9 

106.3 

110.3 

103.6 

102.3 

111.7 

126.2 

127.3 

106.0 

122.0 

129.6 

138.2 

146.6 

133.9 

143.1 

126.1 

37.3 

39.8 

35.7 

46.8 

48.2 

50.7 

59.7 

50.8 

60.2 

59.1 

62.1 

54.0 

59.9 

61.9 

63.3 

68.8 

73.5 

79.2 

90.5 

100.0 

99.3 

106.6 

111.5 

102.5 

101.7 

114.6 

128.4 

128.7 

111.7 

124.2 

131.6 

141.9 

145.8 

130.2 

142.6 

124.8 

38.3 

39.3 

33.9 

47.8 

49.1 

56.8 

55.9 

52.5 

61.2 

62.7 

58.1 

57.3 

60.5 

59.3 

65.9 

69.8 

74.8 

80.7 

92.2 

101.1 

102.2 

108.1 

110.3 

98.0 

104.0 

120.1 

129.6 

121.0 

113.5 

124.5 

133.3 

145.6 

145.3 

138.4 

134.5 

119.8 

37.7 

39.3 

35.7 

43.5 

48.9 

51.9 

58.7 

51.8 

59.2 

61.1 

61.6 

53.9 

61.9 

62.9 

61.8 

68.6 

73.1 

78.3 

89.0 

98.9 

100.0 

106.5 

110.6 

102.3 

102.4 

113.7 

127.1 

125.7 

109.3 

122.3 

130.0 

139.7 

146.4 

136.7 

140.5 

124.7 

74. Index of industrial production, nondurable manufactures 

[1967=100] Average for period 

41.4 

42.7 

41.8 

44.2 

49.7 

47.9 

51.5 

50.4 

54.9 

59.9 

61.4 

59.6 

66.5 

69.4 

68.7 

75.0 

78.1 

83.1 

89.1 

94.5 

98.3 

103.6 

110.3 

112.6 

113.5 

122.7 

•132.4 

135.7 

118.4 

140.3 

147.3 

152.9 

162.9 

165.8 

166.2 

157.8 

41.4 

42.4 

41.6 

44.6 

49.3 

47.8 

51.7 

50.7 

56.0 

59.7 

61.7 

59.3 

66.7 

69.7 

69.3 

75.5 

78.8 

82.8 

89.7 

95.7 

97.9 

104.3 

110.7 

111.9 

113.5 

123.7 

133.3 

136.8 

116.1 

140.6 

149.1 

153.8 

164.0 

164.3 

165.3 

157.3 

41.0 

42.9 

40.9 

45.4 

49.3 

47.9 

51.7 

50.6 

56.4 

60.1 

60.8 

59.0 

67.5 

69.8 

70.1 

75.3 

79.6 

84.7 

89.6 

95.3 

99.4 

104.4 

110.5 

112.2 

114.6 

125.1 

132.9 

136.5 

118.8 

140.9 

149.5 

155.5 

162.6 

161.6 

165.9 

156.1 

40.6 

43.1 

40.9 

45.8 

49.1 

47.4 

52.2 

50.9 

57.2 

59.7 

61.0 

59.7 

67.7 

69.9 

70.5 

75.7 

79.9 

85.3 

90.1 

96.4 

97.8 

105.6 

111.1 

112.3 

115.1 

125.1 

134.4 

137.5 

120.8 

140.4 

150.5 

155.8 

163.6 

158.1 

166.4 

155.0 

40.4 

43.4 

41.3 

46.2 

48.7 

48.7 

51.7 

51.2 

57.3 

59.3 

60.9 

61.0 

67.4 

69.6 

71.2 

75.7 

79.9 

85.0 

90.4 

96.6 

98.7 

106.2 

111.6 

112.4 

116.1 

125.9 

133.4 

137.6 

125.5 

141.2 

151.1 

157.0 

163.7 

155.1 

165.8 

155.3 

40.9 

43.1 

41.2 

47.6 

48.1 

49.1 

51.9 

51.4 

57.3 

59.7 

61.4 

61.7 

68.6 

69.7 

71.6 

76.1 

79.7 

85.7 

90.9 

97.4 

98.2 

105.9 

112.8 

113.1 

117.2 

126.0 

133.8 

137.4 

128.1 

141.6 

151.3 

157.2 

164.8 

154.6 

167.1 

155.7 

41.0 

42.7 

41.8 

48.8 

47.3 

49.7 

51.5 

51.3 

56.9 

60.1 

61.5 

62.6 

68.5 

68.9 

72.2 

75.9 

80.7 

86.0 

91.3 

97.5 

100.3 

107.2 

112.6 

111.7 

117.0 

127.5 

134.5 

137.2 

130.5 

141.4 

151.6 

158.4 

165.2 

157.6 

167.3 

156.9 

41.2 

42.6 

42.7 

48.3 

47.1 

50.1 

51.1 

52.1 

57.7 

60.1 

61.6 

63.0 

68.7 

68.8 

72.1 

76.5 

81.0 

86.0 

91.7 

97.7 

101.4 

107.9 

112.3 

112.3 

118.2 

128.0 

134.0 

136.4 

132.9 

143.4 

151.7 

159.3 

165.4 

161.0 

165.9 

156.7 

41.9 

42.6 

43.3 

48.5 

46.6 

50.7 

50.7 

52.5 

58.5 

60.6 

60.9 

63.6 

67.9 

69.0 

73.6 

76.1 

81.4 

86.5 

92.4 

97.8 

102.2 

108.1 

112.3 

112.4 

119.5 

129.0 

135.0 

133.6 

133.6 

143.9 

152.3 

159.5 

164.8 

162.1 

162.8 

156.2 

42.4 

42.2 

43.1 

48.4 

47.1 

51.3 

50.2 

53.1 

59.3 

60.3 

60.3 

64.4 

68.0 

68.3 

74.5 

76.6 

81.7 

86.9 

92.9 

98.2 

102.6 

109.0 

112.4 

111.9 

120.1 

129.9 

135.1 

128.9 

136.2 

144.0 

152.4 

160.4 

165.0 

163.0 

160.3 

155.3 

42.3 

42.0 

43.3 

49.5 

47.3 

51.4 

49.5 

54.0 

59.8 

60.9 

60.2 

64.4 

68.9 

68.1 

74.9 

76.8 

81.8 

87.7 

93.5 

98.4 

103.3 

108.0 

112.8 

112.8 

120.9 

131.7 

135.2 

123.1 

136.9 

144.4 

152.4 

161.7 

165.3 

165.0 

157.4 

155.6 

41.5 

42.5 

41.7 

44.2 

49.6 

47.8 

51.4 

50.4 

55.1 

59.8 

61.3 

59.6 

66.2 

69.7 

68.8 

74.8 

78.0 

82.9 

89.2 

94.8 

98.3 

103.6 

110.0 

112.2 

113.5 

122.8 

132.0 

136.0 

118.1 

139.6 

147.6 

153.0 

162.8 

165.4 

165.7 

156.7 

40.7 

43.1 

41.0 

45.8 

49.0 

48.0 

51.9 

50.9 

57.0 

59.7 

60.9 

59.9 

67.5 

69.8 

70.6 

75.6 

79.8 

85.0 

90.0 

96.1 

98.6 

105.4 

111.1 

112.3 

115.3 

125.4 

133.6 

137.2 

121.7 

140.8 

150.4 

156.1 

163.3 

158.3 

166.0 

155.5 

41.0 

42.8 

41.9 

48.2 

47.5 

49.6 

51.5 

51.6 

57.3 

60.0 

61.5 

62.4 

68.6 

69.1 

72.0 

76.2 

80.5 

85.9 

91.3 

97.5 

100.0 

107.0 

112.6 

112.4 

117.5 

127.2 

134.1 

137.0 

130.5 

142.1 

151.5 

158.3 

165.1 

157.7 

166.8 

156.4 

42.2 

42.3 

43.2 

48.8 

47.0 

51.1 

50.1 

53.2 

59.2 

60.6 

60.5 

64.1 

68.3 

68.5 

74.3 

76.5 

81.6 

87.0 

92.9 

98.1 

102.7 

108.4 

112.5 

112.4 

120.2 

130.2 

135.1 

128.5 

135.6 

144.1 

152.4 

160.5 

165.0 

163.4 

160.2 

155.7 

41.3 

42.7 

42.0 

46.7 

48.3 

49.2 

51.2 

51.6 

57.2 

60.1 

61.1 

61.6 

67.7 

69.3 

71.5 

75.8 

80.0 

85.2 

90.9 

96.7 

100.0 

106.2 

111.5 

112.3 

116.6 

126.5 

133.8 

134.6 

126.4 

141.8 

150.5 

156.9 

164.0 

161.2 

164.8 

156.2 

75. Index of industrial production, 

[1967 = 100] 

consumer goods 

Average for period 

41.9 

43.8 

42.4 

45.5 

52.4 

48.5 

54.2 

51.7 

56.9 

60.9 

62.8 

60.5 

67.0 

70.6 

69.0 

75.5 

80.1 

83.8 

90.9 

95.9 

98.4 

104.1 

109.8 

108.8 

112.1 

120.6 

130.5 

127.8 

116.1 

135.0 

142.1 

145.2 

151.8 

148.2 

147.8 

141.8 

42.0 

43.3 

42.7 

46.4 

51.6 

48.7 

54.2 

51.8 

58.0 

60.8 

62.9 

60.0 

67.0 

70.7 

69.0 

76.1 

80.4 

83.4 

91.7 

96.6 

98.8 

104.3 

110.0 

109.1 

112.3 

121.5 

131.4 

128.5 

117.0 

135.5 

144.5 

147.5 

153.4 

148.0 

148.3 

141.5 

41.9 

43.7 

42.6 

47.7 

50.7 

48.7 

54.1 

51.8 

58.4 

61.1 

62.3 

59.4 

68.1 

71.1 

70.7 

76.8 

80.7 

85.5 

91.5 

96.9 

99.3 

104.5 

109.1 

109.6 

113.0 

122.5 

131.2 

129.6 

119.0 

136.2 

144.6 

149.5 

149.3 

145.2 

148.9 

142.1 

41.6 

43.5 

42.6 

48.8 

49.8 

48.6 

54.3 

52.1 

59.2 

60.7 

62.4 

60.3 

68.4 

71.6 

71.5 

77.2 

80.9 

86.2 

92.0 

96.9 

99.0 

105.2 

108.2 

110.1 

113.2 

123.0 

132.1 

130.3 

120.4 

137.1 

145.2 

149.0 

152.2 

142.1 

150.7 

143.6 

41.6 

44.2 

43.1 

50.1 

49.1 

50.0 

53.5 

52.4 

58.7 

60.6 

62.7 

61.5 

68.1 

71.1 

72.3 

76.7 

81.4 

86.0 

92.3 

97.3 

98.8 

105.7 

109.3 

110.3 

113.9 

123.2 

131.2 

131.2 

124.3 

137.5 

146.3 

149.3 

152.1 

141.8 

150.3 

144.8 

41.8 

44.2 

43.5 

51.6 

47.5 

49.1 

53.6 

52.6 

58.9 

60.7 

62.9 

62.4 

69.0 

70.4 

72.9 

78.0 

81.2 

87.2 

92.3 

97.2 

98.6 

105.5 

110.9 

110.5 

115.5 

124.0 

131.4 

131.2 

126.6 

137.5 

146.8 

149.8 

151.2 

142.1 

150.7 

145.8 

42.1 

43.7 

43.9 

53.3 

46.4 

50.1 

53.3 

52.7 

59.0 

61.1 

63.3 

62.6 

69.0 

70.6 

73.4 

77.1 

81.8 

87.1 

92.2 

96.8 

99.7 

106.8 

111.3 

109.2 

115.1 

125.5 

130.2 

132.2 

127.5 

137.8 

146.5 

150.6 

148.7 

142.9 

149.6 

144.1 

42.5 

43.5 

44.6 

52.0 

46.9 

51.4 

52.5 

53.2 

59.4 

61.0 

63.3 

61.9 

68.8 

70.3 

72.2 

77.6 

82.0 

86.1 

93.6 

97.2 

100.0 

107.1 

110.5 

108.4 

115.8 

126.2 

132.9 

131.1 

129.0 

136.8 

146.4 

150.8 

150.0 

144.5 

147.8 

143.4 

43.2 

44.0 

44.7 

51.6 

46.6 

52.2 

52.5 

53.3 

60.5 

61.5 

62.3 

62.4 

68.5 

71.0 

74.2 

77.4 

82.6 

84.4 

94.1 

99.2 

101.5 

107.8 

110.6 

106.9 

117.0 

127.5 

133.1 

129.7 

128.7 

137.5 

147.1 

151.2 

150.0 

146.3 

146.5 

142.2 

43.8 

43.5 

44.1 

51.3 

47.4 

53.3 

51.7 

54.5 

60.7 

61.1 

62.1 

65.5 

67.0 

69.7 

75.5 

77.9 

82.7 

87.6 

94.6 

98.7 

103.1 

108.9 

109.4 

106.3 

117.9 

128.4 

132.4 

126.2 

131.1 

139.4 

146.6 

151.3 

149.1 

148.1 

144.0 

141.3 

43.9 

43.0 

43.6 

52.1 

47.7 

53.3 

50.9 

55.5 

61.0 

61.6 

61.7 

65.8 

69.2 

69.2 

75.6 

78.2 

83.2 

89.4 

95.1 

98.5 

104.0 

108.3 

109.5 

110.5 

118.8 

130.4 

130.5 

121.0 

132.3 

141.4 

146.2 

151.5 

148.6 

147.1 

142.0 

142.0 

42.0 

43.6 

42.5 

45.8 

52.1 

48.4 

54.0 

51.5 

57.2 

60.9 

62.6 

60.5 

66.8 

70.9 

68.9 

75.6 

79.9 

83.7 

91.1 

96.0 

98.7 

103.9 

109.6 

108.6 

112.2 

120.6 

130.5 

128.2 

116.7 

134.5 

142.7 

145.3 

152.2 

148.0 

147.7 

141.0 

41.7 

43.8 

42.8 

48.9 

49.9 

49.1 

54.0 

52.1 

58.8 

60.8 

62.5 

60.4 

68.2 

71.3 

71.5 

76.9 

81.0 

85.9 

91.9 

97.0 

99.0 

105.1 

108.9 

110.0 

113.4 

122.9 

131.5 

130.4 

121.2 

136.9 

145.4 

149.3 

151.2 

143.0 

150.0 

143.5 

42.1 

43.8 

44.0 

52.3 

46.9 

50.2 

53.1 

52.8 

59.1 

60.9 

63.2 

62.3 

68.9 

70.4 

72.8 

77.6 

81.7 

86.8 

92.7 

97.1 

99.4 

106.5 

110.9 

109.4 

115.5 

125.2 

131.5 

131.5 

127.7 

137.4 

146.6 

150.4 

150.0 

143.2 

149.4 

144.4 

43.6 

43.5 

44.1 

51.7 

47.2 

52.9 

51.7 

54.4 

60.7 

61.4 

62.0 

64.6 

68.2 

70.0 

75.1 

77.8 

82.8 

87.1 

94.6 

98.8 

102.9 

108.3 

109.8 

107.9 

117.9 

128.8 

132.0 

125.6 

130.7 

139.4 

146.6 

151.3 

149.2 

147.2 

144.2 

141.8 

42.4 

43.7 

43.4 

49.6 

49.1 

50.2 

53.2 

52.9 

59.0 

61.2 

62.6 

62.1 

68.1 

70.7 

72.2 

77.1 

81.3 

85.9 

92.6 

97.3 

100.0 

105.9 

109.8 

109.0 

114.7 

124.4 

131.5 

128.9 

124.0 

137.1 

145.3 

149.1 

150.8 

145.4 

147.9 

142.6 

92 

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Year 

Monthly 

Jan. Feb. Mar. May June July Aug. Sept. Oct. Nov. Dec. 

Quarterly 

IQ IIQ 111 Q IV Q Annual 

76. Index of industrial production, business equipment 

[1967 = IOC] Average for period 

1947 36.6 

1948 39.6 

1949 37.7 

1950 31.8 

1951 41.7 

1952 50.3 

1953 53.4 

1954 49.2 

1955 46.6 

1956 55.5 

1957 62.6 

1958 54.8 

1959 54.1 

1960 60.9 

1961 56.6 

1962 60.1 

1963 63.4 

1964 70.3 

1965 78.2 

1966 93.4 

1967 100.3 

1968 103.2 

1969 109.9 

1970 109.8 

1971 101.9 

1972 110.1 

1973 128.2 

1974 137.7 

1975 130.8 

1976 130.6 

1977 142.1 

1978 152.0 

1979 168.2 

1980 175.2 

1981 177.7 

1982 172.2 

1947 

1948 1.46 

1949 1.53 

1950 1.49 

1951 1.41 

1952 1.66 

1953 1.57 

1954 1.66 

1955 1.49 

1956 1.47 

1957 1.51 

1958 1.60 

1959 1.50 

1960 1.49 

1961 1.60 

1962 1.49 

1963 1.52 

1964 1.49 

1965 1.46 

1966 1.45 

1967 1.58 

1968 1.58 

1969 1.60 

1970 1.65 

1971 1.68 

1972 1.60 

1973 1.49 

1974 1.56 

1975 1.78 

1976 1.65 

1977 1.62 

1978 1.65 

1979 1.62 

1980 1.62 

1981 1.63 

1982 1.78 

1947 

1948 

1949 

1950 

1951 

1952 

1953 51.59 

1954 42.38 

1955 37.21 

1956 46.24 

1957 50.35 

1958 40.55 

1959 40.18 

1960 44.04 

1961 38.32 

1962 42.05 

1963 41.55 

1964 44.31 

1965 51.40 

1966 58.43 

1967 68.41 

1968 73.44 

1969 75.42 

1970 78.42 

1971 77.91 

1972 77.09 

1973 89.56 

1974 119.85 

1975 141.91 

1976 128.93 

1977 138.15 

1978 151.16 

1979 186.60 

1980 215.57 

1981 222.56 

1982 219.69 

37.0 

39.4 

37.6 

32.8 

42.2 

50.9 

53.6 

48.6 

47.3 

56.3 

64.0 

52.8 

54.8 

61.3 

56.1 

60.9 

64.4 

69.9 

79.6 

93.2 

100.4 

103.5 

109.5 

109.9 

103.0 

111.7 

130.3 

139.2 

128.0 

132.6 

142.8 

153.6 

169.3 

176.5 

177.5 

171.6 

37.2 

39.7 

36.7 

33.2 

42.8 

51.3 

54.0 

47.8 

47.8 

56.9 

63.6 

517 

55.4 

61.4 

56.0 

61.7 

64.0 

70.8 

80.6 

95.0 

100.0 

104.5 

111.1 

109.7 

102.3 

114.0 

130.1 

140.3 

125.7 

133.2 

143.2 

156.5 

171.0 

176.2 

179.3 

169.0 

37.7 

39.4 

36.1 

34.1 

43.9 

51.1 

54.0 

47.0 

49.4 

58.6 

62.4 

50.7 

56.8 

60.7 

56.6 

62.1 

64.5 

72.4 

81.3 

95.7 

100.5 

104.1 

112.3 

109.4 

102.1 

115.1 

131.7 

141.3 

125.6 

133.2 

146.0 

158.0 

168.7 

174.5 

181.0 

164.9 

37.9 

39.3 

35.3 

35.6 

44.3 

51.4 

53.7 

46.9 

50.1 

58.4 

61.3 

49.4 

58.7 

60.9 

56.7 

62.1 

64.4 

73.2 

82.5 

97.0 

100.4 

105.7 

111.7 

108.8 

101.5 

116.2 

133.1 

143.6 

126.0 

133.8 

147.1 

158.4 

171.2 

171.8 

182.0 

159.9 

38.2 

39.8 

34.7 

37.0 

44.8 

51.7 

53.4 

46.3 

50.7 

58.6 

61.5 

49.4 

60.1 

60.1 

57.1 

62.7 

64.6 

73.5 

83.7 

97.9 

99.8 

105.4 

112.8 

108.1 

102.3 

117.3 

134.3 

143.8 

126.6 

134.8 

148.2 

160.1 

171.2 

169.7 

183.6 

156.7 

37.5 

40.0 

34.1 

38.2 

45.2 

49.2 

54.2 

46.2 

50.9 

58.6 

61.8 

49.7 

60.2 

59.4 

57.4 

63.2 

65.5 

74.5 

85.1 

99.5 

97.5 

104.0 

113.9 

108.1 

103.8 

116.6 

134.7 

145.2 

127.3 

136.8 

149.1 

161.7 

171.3 

169.5 

184.8 

154.9 

38.2 

39.9 

33.8 

40.3 

45.8 

50.1 

54.0 

45.9 

51.2 

59.3 

61.7 

50.6 

59.7 

58.6 

57.7 

63.9 

67.1 

74.4 

85.1 

99.9 

99.4 

105.8 

113.9 

107.2 

104.1 

119.2 

135.8 

144.4 

129.9 

137.1 

149.9 

163.4 

171.6 

171.1 

184.4 

153.9 

38.7 

39.7 

33.6 

39.3 

46.8 

51.3 

53.4 

45.4 

51.5 

59.5 

60.9 

51.1 

59.2 

58.1 

58.6 

63.8 

66.9 

75.1 

86.8 

101.0 

99.3 

106.3 

114.5 

105.3 

105.9 

120.8 

136.7 

146.5 

129.2 

135.6 

151.0 

163.8 

173.4 

170.7 

182.7 

150.5 

39.0 

39.2 

32.2 

40.1 

47.6 

51.8 

53.4 

45.3 

53.9 

60.0 

59.2 

51.7 

58.8 

57.6 

58.5 

64.1 

68.1 

74.5 

88.0 

100.7 

98.4 

107.5 

115.0 

102.2 

106.7 

123.2 

137.7 

144.4 

128.8 

135.2 

150.8 

164.8 

172.3 

171.9 

180.5 

147.1 

39.0 

39.0 

31.2 

40.5 

48.4 

52.4 

51.5 

46.1 

54.2 

61.0 

57.7 

52.6 

57.8 

57.5 

60.1 

64.1 

68.6 

77.0 

89.7 

99.2 

101.5 

107.7 

112.2 

102.0 

106.9 

125.1 

137.8 

143.0 

129.6 

139.3 

150.8 

165.0 

172.6 

173.9 

179.0 

146.4 

39.3 

38.6 

31.3 

41.1 

49.0 

53.0 

50.7 

46.3 

55.1 

61.7 

55.9 

53.0 

58.7 

56.2 

60.3 

63.7 

68.5 

78.4 

91.6 

100.6 

102.4 

108.1 

112.2 

104.0 

108.2 

126.2 

138.6 

138.7 

131.6 

141.3 

152.3 

166.8 

174.1 

177.1 

179.0 

148.1 

36.9 

39.6 

37.3 

32.6 

42.2 

50.8 

53.7 

48.5 

47.2 

56.2 

63.4 

53.1 

54.8 

61.2 

56.2 

60.9 

63.9 

70.3 

79.5 

93.9 

100.2 

103.7 

110.2 

109.8 

102.4 

111.9 

129.5 

139.1 

128.2 

132.1 

142.7 

154.0 

169.5 

176.0 

178.2 

170.9 

37.9 

39.5 

35.4 

35.6 

44.3 

51.4 

53.7 

46.7 

50.1 

58.5 

61.7 

49.8 

58.5 

60.6 

56.8 

62.3 

64.5 

73.0 

82.5 

96.9 

100.2 

105.1 

112.3 

108.8 

102.0 

116.2 

133.0 

142.9 

126.1 

133.9 

147.1 

158.8 

170.4 

172.0 

182.2 

160.5 

38.1 

39.9 

33.8 

39.3 

45.9 

50.2 

53.9 

45.8 

51.2 

59.1 

61.5 

50.5 

59.7 

58.7 

57.9 

63.6 

66.5 

74.7 

85.7 

100.1 

98.7 

105.4 

114.1 

106.9 

104.6 

118.9 

135.7 

145.4 

128.8 

136.5 

150.0 

163.0 

172.1 

170.4 

184.0 

153.1 

39.1 

38.9 

31.6 

40.6 

48.3 

52.4 

51.9 

45.9 

54.4 

60.9 

57.6 

52.4 

58.4 

57.1 

59.6 

64.0 

68.4 

76.6 

89.8 

100.2 

100.8 

107.8 

113.1 

102.7 

107.3 

124.8 

138.0 

142.0 

130.0 

138.6 

151.3 

165.5 

173.0 

174.3 

179.5 

147.2 

38.0 

39.5 

34.5 

37.0 

45.2 

51.2 

53.3 

46.8 

50.8 

58.8 

61.1 

51.5 

57.9 

59.4 

57.7 

62.7 

65.8 

73.7 

84.4 

97.7 

100.0 

105.5 

112.5 

107.0 

104.1 

118.0 

134.2 

142.4 

128.2 

135.4 

147.8 

160.3 

171.3 

173.2 

181.1 

157.9 

77. Ratio, manufacturing and trade inventories t 

[Ratio] 

sales in 1972 dolars 

Average for period 

1.47 

1.53 

1.46 

1.46 

1.64 

1.55 

1.64 

1.48 

1.50 

1.50 

1.62 

1.48 

1.51 

1.59 

1.50 

1.50 

1.49 

1.46 

1.47 

1.60 

1.59 

1.60 

1.65 

1.67 

1.61 

1.49 

1.58 

1.76 

1.65 

1.61 

1.62 

1.63 

1.64 

1.64 

1.74 

1.46 

1.54 

1.45 

1.50 

1.65 

1.54 

1.64 

1.46 

1.49 

1.51 

1.64 

1.47 

1.53 

1.55 

1.49 

1.50 

1.50 

1.45 

1.46 

1.60 

1.58 

1.60 

1.67 

1.67 

1.59 

1.50 

1.58 

1.81 

1.65 

1.60 

1.62 

1.60 

1.68 

1.64 

1.73 

1.46 

1.54 

1.44 

1.55 

1.63 

1.55 

1.62 

1.44 

1.50 

1.54 

1.64 

1.46 

1.52 

1.57 

1.49 

1.49 

1.48 

1.45 

1.48 

1.60 

1.59 

1.60 

1.69 

1.66 

1.59 

1.51 

1.58 

1.78 

1.64 

1.61 

1.59 

1.64 

1.72 

1.63 

1.75 

1.49 

1.56 

1.42 

1.57 

1.61 

1.56 

1.64 

1.44 

1.52 

1.55 

1.63 

1.45 

1.55 

1.54 

1.50 

1.51 

1.47 

1.47 

1.50 

1.60 

1.59 

1.61 

1.67 

1.66 

1.58 

1.53 

1.59 

1.76 

1.65 

1.61 

1.59 

1.61 

1.74 

1.65 

1.70 

1.49 

1.52 

1.38 

1.60 

1.61 

1.59 

1.61 

1.46 

1.52 

1.54 

1.59 

1.46 

1.55 

1.52 

1.52 

1.50 

1.48 

1.48 

1.50 

1.60 

1.59 

1.61 

1.67 

1.64 

1.58 

1.54 

1.61 

1.75 

1.64 

1.60 

1.59 

1.63 

1.73 

1.64 

1.72 

1.49 

1.57 

1.26 

1.65 

1.65 

1.58 

1.61 

1.46 

1.59 

1.55 

1.58 

1.48 

1.57 

1.54 

1.51 

1.49 

1.46 

1.46 

1.52 

1.61 

1.57 

1.61 

1.68 

1.66 

1.58 

1.53 

1.61 

1.71 

1.64 

1.60 

1.60 

1.64 

1.70 

1.66 

1.73 

1.49 

1.54 

1.28 

1.62 

1.61 

1.61 

1.61 

1.47 

1.55 

1.55 

1.54 

1.53 

1.57 

1.51 

1.51 

1.50 

1.47 

1.48 

1.52 

1.59 

1.60 

1.61 

1.69 

1.66 

1.57 

1.55 

1.62 

1.71 

1.64 

1.60 

1.59 

1.64 

1.71 

1.67 

1.75 

1.50 

1.51 

1.38 

1.63 

1.58 

1.63 

1.60 

1.45 

1.54 

1.57 

1.55 

1.53 

1.56 

1.51 

1.52 

1.51 

1.47 

1.48 

1.53 

1.61 

1.60 

1.61 

1.69 

1.66 

1.56 

1.56 

1.66 

1.71 

1.66 

1.61 

1.60 

1.64 

1.67 

1.69 

1.75 

1.50 

1.56 

1.42 

1.63 

1.55 

1.62 

1.58 

1.46 

1.53 

1.57 

1.53 

1.53 

1.57 

1.49 

1.51 

1.50 

1.49 

1.47 

1.54 

1.62 

1.59 

1.60 

1.72 

1.66 

1.54 

1.53 

1.69 

1.70 

1.67 

1.61 

1.59 

1.64 

1.66 

1.74 

1.79 

1.50 

1.52 

1.49 

1.65 

1.56 

1.65 

1.54 

1.45 

1.53 

1.58 

1.51 

1.53 

1.59 

1.49 

1.49 

1.52 

1.49 

1.46 

1.56 

1.59 

1.58 

1.63 

1.74 

1.63 

1.53 

1.52 

1.72 

1.69 

1.64 

1.60 

1.60 

1.65 

1.65 

1.75 

1.75 

1.49 

1.52 

1.42 

1.67 

1.54 

1.68 

1.51 

1.45 

1.51 

1.62 

1.55 

1.51 

1.57 

1.49 

1.52 

1.49 

1.45 

1.46 

1.57 

1.56 

1.59 

1.64 

1.69 

1.62 

1.51 

1.56 

1.79 

1.68 

1.62 

1.60 

1.60 

1.64 

1.64 

1.76 

1.73 

1.46 

1.53 

1.47 

1.46 

1.65 

1.55 

1.65 

1.48 

1.49 

1.51 

1.62 

1.48 

1.51 

1.58 

1.49 

1.51 

1.49 

1.46 

1.46 

1.59 

1.58 

1.60 

1.66 

1.67 

1.60 

1.49 

1.57 

1.78 

1.65 

1.61 

1.63 

1.62 

1.65 

1.64 

1.75 

1.48 

1.54 

1.41 

1.57 

1.62 

1.57 

1.62 

1.45 

1.51 

1.54 

1.62 

1.46 

1.54 

1.54 

1.50 

1.50 

1.48 

1.47 

1.49 

1.60 

1.59 

1.61 

1.68 

1.65 

1.58 

1.53 

1.59 

1.76 

1.64 

1.61 

1.59 

1.63 

1.73 

1.64 

1.72 

1.49 

1.54 

1.31 

1.63 

1.61 

1.61 

1.61 

1.46 

1.56 

1.56 

1.56 

1.51 

1.57 

1.52 

1.51 

1.50 

1.47 

1.47 

1.52 

1.60 

1.59 

1.61 

1.69 

1.66 

1.57 

1.55 

1.63 

1.71 

1.65 

1.60 

1.60 

1.64 

1.69 

1.67 

1.74 

1.50 

1.53 

1.44 

1.65 

1.55 

1.65 

1.54 

1.45 

1.52 

1.59 

1.53 

1.52 

1.58 

1.49 

1.51 

1.50 

1.48 

1.46 

1.56 

1.59 

1.59 

1.62 

1.72 

1.64 

1.53 

1.54 

1.73 

1.69 

1.64 

1.60 

1.60 

1.64 

1.65 

1.75 

1.76 

1.48 

1.54 

1.41 

1.58 

1.61 

1.59 

1.60 

1.46 

1.52 

1.55 

1.58 

1.49 

1.55 

1.53 

1.50 

1.50 

1.48 

1.46 

1.51 

1.60 

1.59 

1.61 

1.68 

1.66 

1.57 

1.53 

1.63 

1.74 

1.65 

1.61 

1.60 

1.63 

1.68 

1.68 

1.74 

78. Manufacturers' inventories, materials and supples on hand 

[Bttons of dolars] 

and on order, book value 

End of period 

51.76 

41.32 

37.77 

46.65 

50.27 

39.56 

41.54 

43.36 

37.95 

42.26 

41.87 

44.38 

52.17 

59.66 

68.58 

73.98 

75.58 

77.99 

78.22 

77.85 

91.88 

123.10 

140.20 

128.82 

139.19 

152.69 

189.94 

218.35 

222.88 

216.87 

51.86 

39.84 

38.90 

46.83 

49.83 

38.98 

42.34 

42.17 

37.83 

42.06 

42.45 

44.71 

52.83 

61.32 

68.35 

74.01 

76.26 

77.82 

78.28 

78.32 

94.85 

125.43 

137.31 

130.33 

140.43 

154.81 

193.44 

219.92 

222.50 

214.99 

51.78 

38.79 

39.28 

47.80 

49.22 

38.44 

42.73 

41.22 

37.96 

41.42 

43.24 

44.96 

52.90 

62.29 

68.54 

74.04 

77.06 

77.68 

77.91 

78.64 

97.09 

128.15 

134.11 

130.88 

141.70 

156.91 

197.82 

219.38 

223.77 

212.91 

52.16 

37.86 

39.76 

48.06 

48.97 

38.05 

42.74 

40.55 

38.19 

41.26 

43.62 

45.33 

53.36 

63.29 

68.57 

73.90 

77.87 

77.45 

77.07 

79.42 

99.69 

132.19 

132.22 

131.93 

142.88 

159.96 

199.07 

217.44 

225.42 

210.88 

51.88 

37.19 

40.28 

47.84 

48.47 

38.20 

43.24 

40.10 

38.29 

41.07 

43.46 

45.81 

53.79 

64.66 

69.09 

73.32 

78.04 

77.34 

75.79 

79.96 

101.98 

135.89 

130.70 

132.88 

143.57 

163.22 

202.27 

216.44 

226.70 

207.70 

50.93 

36.43 

41.09 

48.97 

47.55 

38.47 

43.38 

39.64 

38.66 

40.89 

43.48 

46.38 

54.11 

65.63 

69.69 

72.60 

78.35 

76.72 

75.37 

80.94 

103.89 

139.24 

130.30 

133.58 

143.58 

165.54 

203.36 

217.90 

227.75 

206.13 

49.69 

35.74 

41.74 

50.01 

46.57 

38.61 

43.48 

39.84 

39.46 

40.76 

43.38 

46.80 

54.27 

66.77 

70.38 

72.88 

78.27 

76.34 

75.31 

82.36 

106.19 

142.55 

129.75 

133.07 

145.02 

168.59 

206.24 

217.74 

226.65 

204.01 

47.85 

35.88 

42.59 

50.05 

45.99 

38.94 

44.29 

39.93 

39.51 

40.91 

43.68 

47.82 

54.99 

67.07 

70.79 

73.15 

78.82 

76.24 

75.22 

83.65 

108.81 

144.47 

129.14 

133.90 

146.38 

171.64 

206.89 

218.29 

227.40 

201.56 

46.12 

36.44 

43.66 

50.29 

45.06 

39.15 

44.80 

39.35 

39.58 

40.92 

44.04 

49.01 

55.83 

67.44 

71.08 

73.68 

79.50 

75.96 

75.55 

84.52 

111.62 

144.10 

129.18 

134.65 

147.56 

174.57 

209.50 

219.75 

224.39 

199.62 

45.04 

36.27 

44.37 

50.51 

44.14 

39.69 

45.11 

39.10 

39.92 

40.91 

43.98 

49.86 

56.44 

67.68 

71.67 

74.23 

79.18 

76.46 

75.85 

85.95 

114.15 

144.21 

129.64 

136.35 

148.35 

178.57 

211.61 

220.60 

222.61 

197.77 

43.79 

36.35 

45.57 

50.85 

42.97 

39.76 

45.03 

38.42 

41.09 

40.94 

44.00 

50.56 

57.49 

67.76 

72.54 

74.91 

79.14 

76.87 

76.43 

87.03 

117.01 

143.52 

129.17 

136.87 

150.44 

181.69 

212.43 

221.20 

221.56 

196.07 

51.86 

39.84 

38.90 

46.83 

49.83 

38.98 

42.34 

42.17 

37.83 

42.06 

42.45 

44.71 

52.83 

61.32 

68.35 

74.01 

76.26 

77.82 

78.28 

78.32 

94.85 

125.43 

137.31 

130.33 

140.43 

154.81 

193.44 

219.92 

222.50 

214.99 

51.88 

37.19 

40.28 

47.84 

48.47 

38.20 

43.24 

40.10 

38.29 

41.07 

43.46 

45.81 

53.79 

64.66 

69.09 

73.32 

78.04 

77.34 

75.79 

79.96 

101.98 

135.89 

130.70 

132.88 

143.57 

163.22 

202.27 

216.44 

226.70 

207.70 

47.85 

35.88 

42.59 

50.05 

45.99 

38.94 

44.29 

39.93 

39.51 

40.91 

43.68 

47.82 

54.99 

67.07 

70.79 

73.15 

78.82 

76.24 

75.22 

83.65 

108.81 

144.47 

129.14 

133.90 

146.38 

171.64 

206.89 

218.29 

227.40 

201.56 

43.79 

36.35 

45.57 

50.85 

42.97 

39.76 

45.03 

38.42 

41.09 

40.94 

44.00 

50.56 

57.49 

67.76 

72.54 

74.91 

79.14 

76.87 

76.43 

87.03 

117.01 

143.52 

129.17 

136.87 

150.44 

181.69 

212.43 

221.20 

221.56 

196.07 

43.79 

36.35 

45.57 

50.85 

42.97 

39.76 

45.03 

38.42 

41.09 

40.94 

44.00 

50.56 

57.49 

67.76 

72.54 

74.91 

79.14 

76.87 

76.43 

87.03 

117.01 

143.52 

129.17 

136.87 

150.44 

181.69 

212.43 

221.20 

221.56 

196.07 

See footnotes at end of this part. 

Digitized 

93 

for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Year 

1947 

1948 

1949 

1950 

1951 

1952 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

1947 

1948 

1949 

1950 

1951 

1952 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

1947 

1948 

1949 

1950 

1951 

1952 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

Jan. 

0.27 

-.27 

.27 

.44 

.33 

0 

.16 

.54 

.23 

0 

-.30 

.79 

0 

.28 

.07 

.34 

.39 

.31 

.77 

-.06 

.49 

.65 

1.07 

.60 

.91 

.99 

.49 

-.04 

.55 

.87 

1.13 

.11 

.62 

.63 

1.63 

55.91 

55.41 

54.36 

55.69 

55.89 

56.15 

53.97 

54.12 

56.27 

55.60 

54.60 

54.51 

54.86 

54.50 

54.12 

54.01 

54.11 

54.53 

55.42 

55.69 

55.51 

56.14 

56.64 

55.63 

55.71 

56.14 

57.32 

55.62 

55.67 

56.27 

58.00 

59.14 

59.23 

58.38 

57.46 

8.9 

8.2 

11.3 

10.6 

9.3 

9.3 

8.7 

13.4 

11.7 

10.4 

10.5 

16.3 

13.5 

13.7 

15.3 

13.8 

13.5 

12.2 

11.9 

9.3 

9.4 

8.1 

7.9 

10.5 

12.1 

11.0 

9.5 

10.7 

16.6 

15.2 

12.9 

11.1 

10.4 

14.3 

13.4 

Feb. 

0.09 

-.18 

0 

.55 

.35 

.41 

0 

.08 

.61 

0 

-.07 

.53 

.36 

-.07 

.42 

.27 

.40 

.32 

.12 

.29 

.69 

.32 

.35 

-.77 

.69 

.77 

.16 

.45 

.25 

.65 

.77 

.15 

.41 

1.07 

.77 

.04 

56.00 

55.40 

54.43 

55.68 

55.85 

56.26 

54.51 

54.07 

56.02 

56.10 

54.28 

54.29 

55.04 

54.30 

54.43 

53.90 

54.37 

54.57 

55.30 

55.57 

55.83 

56.47 

56.50 

55.43 

55.72 

56.57 

57.36 

55.29 

55.77 

56.45 

58.00 

59.28 

59.20 

58.43 

57.41 

8.4 

8.3 

11.8 

10.8 

8.8 

8.4 

9.5 

14.2 

12.5 

10.7 

11.0 

15.5 

13.1 

13.6 

16.0 

14.1 

13.2 

12.6 

11.2 

9.2 

8.7 

7.9 

8.0 

10.4 

12.4 

10.5 

9.6 

11.7 

16.3 

14.7 

12.5 

11.2 

10.6 

14.0 

14.0 

Mar. 

0.56 

-.54 

0 

.36 

.43 

.16 

.48 

.08 

-.23 

.15 

.07 

.22 

.29 

-.07 

.21 

.20 

.20 

.13 

.37 

.53 

1.03 

.43 

.35 

.73 

.87 

.94 

-.08 

.56 

.72 

.41 

.70 

.38 

.77 

-.15 

1.10 

.13 

55.45 

55.20 

54.36 

56.31 

55.29 

56.22 

54.03 

54.22 

55.88 

56.18 

54.09 

54.73 

54.19 

54.47 

54.34 

54.07 

54.31 

54.74 

55.27 

55.37 

55.88 

56.41 

56.53 

55.26 

55.96 

56.84 

57.32 

55.17 

55.88 

56.66 

58.07 

59.27 

58.96 

58.58 

57.29 

8.7 

8.3 

12.4 

10.1 

8.4 

8.5 

10.6 

13.4 

11.6 

10.8 

11.2 

15.3 

13.0 

14.1 

15.0 

14.5 

13.5 

12.0 

11.1 

8.9 

8.5 

7.9 

8.3 

10.6 

12.3 

10.6 

9.7 

11.8 

16.5 

14.5 

12.4 

11.7 

11.0 

13.9 

13.9 

Apr. 

0.74 

-.27 

.09 

.63 

.17 

.25 

.24 

-.47 

.23 

.22 

0 

.37 

-.07 

-.14 

.14 

.34 

.40 

.19 

.37 

.75 

-.34 

.64 

.30 

.67 

.72 

.59 

.31 

.04 

-.25 

.61 

.69 

.94 

1.03 

-2.00 

1.22 

.16 

May 

Monthly 

June July 

85. Change in money supply Ml 

0.55 

-.18 

.18 

.45 

.35 

.33 

.16 

.87 

.53 

-.15 

.07 

.37 

.71 

.07 

.42 

.27 

.40 

.38 

-.24 

-.29 

.85 

.74 

.05 

.14 

.85 

.17 

.94 

.30 

1.11 

.77 

.25 

1.07 

.38 

.52 

0 

.69 

[Percent] 

0.36 

-.09 

-.18 

.36 

.34 

.41 

0 

.16 

-.15 

.15 

-.07 

.67 

.35 

0 

.14 

-.20 

.07 

.19 

.37 

.17 

.79 

.74 

.30 

.14 

.67 

.34 

.81 

.44 

1.38 

.03 

.44 

.66 

1.26 

1.34 

.05 

.22 

0.09 

.18 

-.09 

.45 

.43 

.24 

.08 

.31 

.30 

0 

.07 

0 

.42 

.43 

.07 

0 

.59 

.76 

.49 

-.69 

.61 

.57 

.20 

.19 

.49 

.79 

.23 

.18 

.17 

.27 

.75 

.54 

1.06 

1.24 

.49 

.22 

Aug. 

0.36 

.09 

-.18 

.35 

.43 

.32 

.08 

.31 

0 

-.22 

.07 

.51 

.07 

.78 

.42 

0 

.26 

.63 

.36 

.23 

.89 

.68 

-.05 

.95 

.40 

.95 

.12 

.29 

.42 

.70 

.52 

.48 

.58 

1.78 

.44 

.86 

90. Ratio, avian employment to population of working age 

56.01 

54.88 

55.12 

55.80 

55.26 

55.68 

54.00 

54.67 

56.03 

55.81 

53.96 

55.09 

55.23 

54.02 

54.14 

54.23 

54.71 

54.82 

55.46 

55.64 

55.95 

56.45 

56.50 

55.45 

55.95 

56.82 

57.12 

55.09 

56.08 

56.87 

58.39 

59.01 

58.60 

53.80 

57.17 

55.54 

54.65 

55.16 

56.03 

55.47 

55.25 

53.71 

54.73 

56.18 

55.71 

54.12 

54.97 

55.26 

54.02 

54.33 

54.14 

54.85 

55.07 

55.37 

55.53 

56.27 

56.28 

56.15 

55.47 

56.02 

56.79 

57.17 

55.17 

56.23 

57.07 

58.53 

59.03 

58.36 

58.72 

57.40 

[Percent] 

56.35 

54.24 

55.49 

55.46 

55.44 

55.60 

53.57 

54.83 

56.11 

55.83 

53.95 

55.04 

55.29 

54.42 

54.29 

54.08 

54.45 

54.98 

55.52 

55.78 

56.25 

56.54 

55.97 

55.11 

56.06 

57.06 

57.11 

55.01 

55.99 

57.10 

58.78 

59.17 

58.19 

58.31 

57.17 

56.42 

54.21 

55.40 

55.91 

55.16 

55.50 

53.41 

55.44 

56.04 

56.05 

53.92 

55.11 

55.22 

54.04 

54.06 

54.21 

54.51 

55.28 

55.52 

55.88 

56.10 

56.52 

56.09 

55.40 

56.06 

57.04 

57.16 

55.24 

56.24 

57.08 

58.54 

59.27 

58.12 

58.44 

57.06 

91. Average duration of unemployment in weeks 

8.5 

8.8 

12.6 

10.6 

9.0 

7.8 

10.9 

14.3 

11.0 

10.6 

12.1 

14.9 

12.6 

15.5 

14.9 

14.5 

12.4 

11.4 

10.8 

8.8 

8.7 

7.9 

8.2 

10.9 

12.4 

10.0 

9.8 

12.9 

15.9 

14.4 

12.3 

11.0 

11.3 

13.7 

14.3 

9.1 

9.1 

12.7 

9.9 

7.8 

7.9 

11.6 

14.4 

10.4 

10.4 

13.1 

14.7 

11.9 

15.6 

15.5 

14.5 

13.6 

11.1 

10.2 

8.7 

8.2 

7.9 

8.6 

11.2 

12.3 

10.1 

9.6 

13.4 

15.0 

14.9 

12.1 

11.1 

10.8 

13.5 

14.9 

[Weeks] 

8.8 

10.0 

13.1 

8.7 

7.3 

8.2 

12.3 

13.4 

10.1 

10.2 

14.4 

14.9 

11.9 

16.2 

15.1 

14.0 

13.6 

11.6 

9.7 

8.3 

7.9 

7.7 

8.6 

11.6 

12.4 

9.6 

9.7 

15.3 

16.9 

14.4 

12.1 

10.5 

11.6 

14.1 

16.3 

8.6 

10.8 

12.5 

9.2 

7.5 

7.9 

12.5 

13.8 

10.5 

10.1 

14.6 

14.3 

12.6 

17.3 

14.6 

14.0 

14.7 

11.6 

9.7 

8.3 

8.4 

7.8 

8.9 

11.5 

11.8 

9.6 

9.9 

15.0 

15.7 

14.3 

12.0 

10.3 

11.9 

14.0 

15.6 

55.90 

54.36 

56.08 

55.71 

54.95 

55.23 

53.55 

55.65 

56.15 

55.49 

54.10 

54.91 

54.95 

54.18 

54.37 

54.15 

54.49 

55.13 

55.66 

55.94 

55.98 

56.65 

55.92 

55.48 

56.21 

56.89 

56.99 

55.36 

56.23 

57.21 

58.66 

59.06 

58.06 

58.36 

57.06 

8.8 

11.0 

12.2 

9.1 

7.6 

8.0 

12.8 

12.3 

12.0 

10.5 

15.7 

13.7 

12.2 

17.0 

14.5 

13.9 

13.0 

11.9 

9.8 

8.9 

8.3 

7.9 

8.8 

11.5 

11.8 

9.8 

9.8 

15.6 

15.6 

13.9 

11.4 

10.6 

12.4 

14.3 

16.1 

Sept. 

0.36 

-.09 

-.09 

.18 

.68 

.57 

-.08 

.16 

.15 

.37 

-.22 

.22 

-.56 

-.07 

.21 

-.14 

.13 

.56 

.73 

.70 

.50 

.52 

.25 

.75 

.31 

.86 

.04 

.33 

.35 

.20 

.71 

.99 

.52 

1.33 

-.09 

1.07 

55.91 

54.49 

55.82 

55.39 

55.57 

54.95 

53.89 

55.73 

56.18 

55.58 

54.18 

54.80 

55.20 

53.87 

54.46 

54.29 

54.50 

54.99 

55.67 

55.92 

55.99 

56.57 

55.74 

55.49 

56.09 

56.98 

56.91 

55.30 

56.11 

57.29 

58.72 

59.31 

58.15 

57.94 

56.92 

8.5 

11.7 

12.2 

9.1 

8.1 

7.1 

12.9 

11.7 

11.8 

9.8 

16.5 

13.7 

12.9 

16.1 

14.1 

14.2 

12.7 

11.9 

10.1 

8.4 

8.2 

8.0 

8.9 

11.9 

12.1 

9.4 

9.6 

16.1 

15.2 

14.0 

11.4 

10.5 

12.9 

13.6 

16.6 

Oct. 

-0.09 

-.09 

0 

.35 

.51 

.24 

.08 

.47 

.15 

.07 

-.22 

.44 

-.42 

-.21 

.28 

.27 

.46 

.37 

.72 

-.46 

.60 

.67 

.39 

.33 

.22 

.77 

.38 

.40 

-.24 

.96 

.82 

.25 

.13 

.85 

-.05 

1.19 

55.74 

54.14 

55.98 

55.62 

55.16 

54.89 

53.82 

55.72 

56.04 

55.45 

54.36 

54.86 

54.62 

54.13 

54.30 

54.31 

54.43 

55.23 

55.70 

55.99 

55.96 

56.62 

55.78 

55.55 

56.05 

57.22 

56.78 

55.28 

56.10 

57.42 

58.90 

59.21 

58.21 

58.02 

56.65 

9.5 

10.9 

12.3 

8.9 

9.1 

7.2 

13.3 

11.5 

11.6 

11.1 

16.5 

12.9 

13.5 

15.9 

14.1 

13.9 

12.6 

12.1 

10.3 

8.7 

8.4 

7.6 

8.7 

12.6 

11.7 

10.2 

9.9 

15.4 

15.2 

13.7 

11.7 

10.4 

13.1 

13.5 

17.1 

Nov. 

0.36 

-.27 

.09 

.18 

.76 

.32 

0 

.46 

-.23 

.22 

-.15 

.58 

0 

-.07 

.41 

.41 

.65 

.37 

.42 

.12 

.33 

.97 

.29 

.37 

.22 

.53 

.76 

.58 

1.01 

.36 

.60 

.59 

.03 

.34 

.60 

1.13 

55.72 

54.80 

55.83 

55.40 

55.68 

54.71 

53.85 

55.91 

55.83 

55.07 

54.29 

54.48 

54.93 

54.20 

54.00 

54.21 

54.47 

55.19 

55.96 

55.97 

56.07 

56.61 

55.66 

55.73 

56.21 

57.35 

56.45 

55.25 

56.24 

57.78 

59.03 

59.23 

58.29 

57.88 

56.57 

7.8 

11.6 

10.7 

9.7 

9.5 

7.9 

13.2 

11.3 

10.9 

10.4 

16.4 

13.1 

13.9 

17.0 

13.3 

13.3 

14.0 

11.7 

9.7 

8.9 

8.1 

8.0 

9.3 

12.0 

11.4 

9.9 

9.6 

16.6 

15.3 

13.6 

11.1 

10.6 

13.6 

13.2 

17.3 

Dec. 

-0.18 

-.27 

.18 

.26 

.58 

.16 

.08 

.15 

.23 

.22 

-.30 

.14 

-.28 

-.07 

.27 

.34 

-.26 

.19 

.65 

.35 

.49 

.71 

.10 

.51 

.35 

1.21 

.72 

.25 

-.07 

.94 

.69 

.78 

.62 

-.60 

1.08 

.89 

55.99 

54.60 

55.54 

55.97 

55.82 

53.98 

53.59 

56.24 

55.89 

55.25 

54.29 

55.11 

54.57 

54.00 

53.99 

54.10 

54.46 

55.38 

55.80 

56.15 

56.20 

56.68 

55.53 

55.76 

56.39 

57.31 

56.05 

55.29 

56.27 

57.91 

59.00 

59.36 

58.27 

57.51 

56.50 

8.1 

11.8 

10.7 

9.3 

8.8 

8.0 

13.4 

12.0 

11.4 

10.4 

15.7 

13.1 

12.4 

15.8 

13.6 

13.3 

12.7 

11.4 

9.5 

8.6 

8.2 

8.0 

9.8 

11.5 

11.4 

9.5 

10.1 

16.5 

15.1 

13.6 

10.6 

10.7 

13.7 

12.9 

18.0 

IQ 

-0.15 

-.09 

.39 

.41 

.30 

.16 

.11 

.31 

.13 

0 

.15 

.48 

-.05 

.30 

.18 

.31 

.28 

.27 

.53 

.55 

.41 

.45 

.34 

.72 

.87 

.36 

.50 

.31 

.54 

.78 

.55 

.43 

.51 

.83 

.60 

55.79 

55.34 

54.38 

55.89 

55.68 

56.21 

54.17 

54.14 

56.06 

55.96 

54.32 

54.51 

54.70 

54.42 

54.30 

53.99 

54.26 

54.61 

55.33 

55.54 

55.74 

56.34 

56.56 

55.44 

55.80 

56.52 

57.33 

55.36 

55.77 

56.46 

58.02 

59.23 

59.13 

58.46 

57.39 

8.7 

8.3 

11.8 

10.5 

8.8 

8.7 

9.6 

13.7 

11.9 

10.6 

10.9 

15.7 

13.2 

13.8 

15.4 

14.1 

13.4 

12.3 

11.4 

9.1 

8.9 

8.0 

8.1 

! 10.5 

12.3 

1 10.7 

9.6 

11.4 

16.5 

14.8 

12.6 

11.3 

10.7 

14.1 

13.8 

Quarterly 

!!Q _ 

0.55 

-.18 

.03 

.48 

.29 

.33 

.13 

.19 

.20 

.07 

0 

.47 

.33 

-.02 

.23 

.14 

.29 

.25 

.17 

.21 

.43 

.71 

.22 

.32 

.75 

.37 

.69 

.26 

.75 

.47 

.46 

.89 

.89 

-.05 

.42 

.36 

55.97 

54.59 

55.26 

55.76 

55.39 

55.51 

53.76 

54.74 

56.11 

55.78 

54.01 

55.03 

55.26 

54.15 

54.25 

54.15 

54.67 

54.96 

55.45 

55.65 

56.16 

56.42 

56.21 

55.34 

56.01 

56.89 

57.13 

55.09 

56.10 

57.01 

58.57 

59.07 

58.38 

58.61 

57.25 

8.8 

9.3 

12.8 

9.7 

8.0 

8.0 

11.6 

14.0 

10.5 

10.4 

13.2 

14.8 

12.1 

15.8 

15.2 

14.3 

13.2 

11.4 

10.2 

8.6 

8.3 

7.8 

8.5 

11.2 

12.4 

9.9 

9.7 

13.9 

15.9 

14.6 

12.2 

10.9 

11.2 

13.8 

15.2 

IIIQ 

IV Q 

Average for period 

0.27 

.06 

-.12 

.33 

.51 

.38 

.03 

.26 

.15 

.05 

-.03 

.24 

-.02 

.38 

.23 

-.05 

.33 

.65 

.53 

.08 

.67 

.59 

.13 

.63 

.40 

.87 

.13 

.27 

.31 

.39 

.66 

.67 

.72 

1.45 

.28 

.72 

0.03 

-.21 

.09 

.26 

.62 

.24 

.05 

.36 

.05 

.17 

-.22 

.39 

-.23 

-.12 

.32 

.34 

.28 

.31 

.60 

0 

.47 

.78 

.26 

.40 

.26 

m .62 

.41 

.23 

.75 

.70 

.54 

.26 

.20 

.54 

1.07 

Average for period 

56.08 

54.35 

55.77 

55.67 

55.23 

55.23 

53.62 

55.61 

56.12 

55.71 

54.07 

54.94 

55.12 

54.03 

54.30 

54.22 

54.50 

55.13 

55.62 

55.91 

56.02 

56.58 

55.92 

55.46 

56.12 

56.97 

57.02 

55.30 

56.19 

57.19 

58.64 

59.21 

58.11 

58.25 

57.01 

55.82 

54.51 

55.78 

55.66 

55.55 

54.53 

53.75 

55.96 

55.92 

55.26 

54.31 

54.82 

54.71 

54.11 

54.10 

54.21 

54.45 

55.27 

55.82 

56.04 

56.08 

56.64 

55.66 

55.68 

56.22 

57.29 

56.43 

55.27 

56.20 

57.70 

58.98 

59.27 

58.26 

57.80 

56.57 

Average for period 

8.6 

11.2 

12.3 

9.1 

7.7 

7.7 

12.7 

12.6 

11.4 

10.1 

15.6 

13.9 

12.6 

16.8 

14.4 

14.0 

13.5 

11.8 

9.9 

8.5 

8.3 

7.9 

8.9 

11.6 

11.9 

9.6 

9.8 

15.6 

15.5 

14.1 

11.6 

10.5 

12.4 

14.0 

16.1 

8.5 

11.4 

11.2 

9.3 

9.1 

7.7 

13.3 

11.6 

11.3 

10.6 

16.2 

13.0 

13.3 

16.2 

13.7 

13.5 

13.1 

11.7 

9.8 

8.7 

8.2 

7.9 

9.3 

12.0 

11.5 

9.9 

9.9 

16.2 

15.2 

13.6 

11.1 

10.6 

13.5 

13.2 

17.5 

Annua! 

-0.12 

-.02 

.37 

.46 

.31 

.09 

.23 

.18 

.10 

-.06 

.31 

.14 

.05 

.27 

.15 

.30 

.37 

.39 

.21 

.53 

.62 

.26 

.42 

.53 

.74 

.45 

.36 

.40 

.54 

.65 

.66 

.58 

.53 

.52 

.69 

55.91 

54.70 

55.30 

55.75 

55.46 

55.37 

53.82 

55.11 

56.05 

55.68 

54.18 

54.82 

54.95 

54.18 

54.24 

54.14 

54.47 

54.99 

55.55 

55.79 

56.00 

56.50 

56.08 

55.48 

56.04 

56.92 

56.98 

55.26 

56.07 

57.09 

58.55 

59.20 

58.47 

58.28 

57.06 

8.6 

10.0 

12.1 

9.7 

8.4 

8.0 

11.8 

13.0 

11.3 

10.5 

13.9 

14.4 

12.8 

15.6 

14.7 

14.0 

13.3 

11.8 

10.4 

8.7 

8.4 

7.8 

8.6 

11.3 

12.0 

10.0 

9.8 

14.2 

15.8 

14.3 

11.9 

10.8 

11.9 

13.7 

15.6 

94 

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Year 

Monthly 

Jan. Feb. Mar. Apr. May June Jul

y Aug. Sept. Oct. Nov. Dec. I5_ 

Quarterly 

IIQ HI Q IV Q Annual 

93. Free reserves ® 

[Millions of dollars] Average for period 

1947 744 

1948 938 

1949 669 

1950 900 

1951 613 

1952 723 

1953 -640 

1954 836 

1955 369 

1956 -255 

1957 116 

1958 122 

1959 -59 

1960 -375 

1961 696 

1962 555 

1963 375 

1964 175 

1965 106 

1966 -44 

1967 -16 

1968 144 

1969 -480 

1970 -799 

1971 -91 

1972 153 

1973 -823 

1974 -808 

1975 -454 

1976 130 

1977 433 

1978 -176 

1979 -692 

1980 -999 

1981 -1,028 

1982 -1,101 

1947 lOfT 

1948 143 

1949 169 

1950 35 

1951 212 

1952 210 

1953 1,347 

1954 100 

1955 313 

1956 807 

1957 406 

1958 451 

1959 556 

1960 905 

1961 49 

1962 70 

1963 99 

1964 256 

1965 299 

1966 402 

1967 389 

1968 237 

1969 697 

1970 965 

1971 370 

1972 20 

1973 1,164 

1974 1,044 

1975 390 

1976 79 

1977 61 

1978 481 

1979 994 

1980 1,241 

1981 1,386 

1982 1,526 

1947 W 

1948 3.56 

1949 4.51 

1950 5.65 

1951 6.31 

1952 6.11 

1953 7.28 

1954 8.29 

1955 8.32 

1956 9.33 

1957 9.57 

1958 9.87 

1959 9.41 

1960 10.28 

1961 10.97 

1962 10.57 

1963 11.11 

1964 11.95 

1965 12.54 

1966 12.97 

1967 12.80 

1968 12.46 

1969 12.57 

1970 12.76 

1971 12.70 

1972 12.84 

1973 13.34 

1974 13.77 

1975 13.46 

1976 12.77 

1977 13.30 

1978 14.11 

1979 14.77 

1980 14.93 

1981 13.37 

1982 13.03 

602 

560 

600 

614 

298 

330 

-672 

339 

270 

-267 

-126 

324 

-48 

-365 

517 

434 

301 89 36 

-107 -4 38 

-596 

-819 

-127 91 

-1,388 

-997 85 

-62 

-114 

-272 

-764 

-1,465 

-1,023 

-1,414 

552 

546 

655 

471 

578 

-614 

503 

122 

-409 

-316 

495 

-140 

-219 

486 

382 

269 99 

-75 

-246 

236 

-315 

-701 

-781 

-120 

134 

-1,563 

-1,176 

160 

378 

155 

-38 

-742 

-2,638 

-719 

-1,254 

707 

700 

608 

593 

672 

283 

-631 

626 95 

-533 

-504 

492 

-259 

-194 

551 

441 

313 

167 

-105 

-268 

175 

-413 

-844 

-704 -8 27 

-1,564 

-1,556 10 45 

-62 

-475 

-899 

-2,261 

-1,136 

-1,307 

677 

599 

601 

624 

152 65 

-353 

561 

212 

-504 

-444 

547 

-319 

-33 

453 

440 

247 82 

-180 

-352 

269 

-326 

-1,102 

-795 

-18 

-15 

-1,668 

-2,386 

-61 

261 72 

-975 

-1,490 

-835 

-1,968 

-745 

650 

752 

658 

700 

664 

130 

365 

711 

168 

-195 

-508 

484 

-513 37 

549 

391 

138 

120 

-182 

-352 

297 

-341 

-1,064 

-701 

-322 

110 

-1,730 

-2,869 

277 -3 

-149 

-974 

-1,175 

-169 

-1,700 

722 

910 

623 

562 

-468 

366 

770 92 

-139 

-383 

547 

-556 

120 

530 

440 

161 

135 

-174 

-362 

272 

-226 

-1,074 

-1,217 

-658 

-55 

-1,708 

-3,131 

-293 

-53 12 

-1,146 

-989 

-111 

-1,335 

-378 

673 

750 

861 

483 

412 

-383 -7 

725 

-189 

-339 

-471 

382 

-536 

247 

537 

439 

133 83 

-134 

-390 

298 

-190 

-946 

-682 

-606 

-183 

-1,897 

-3,173 

6 

193 

-872 

-885 

-904 

-357 

-1,122 

-199 

798 

756 

847 

669 

383 95 

250 

708 

-286 

-214 

-466 95 

-493 

414 

547 

375 91 89 

-144 

-368 

268 

-132 

-831 

-335 

-295 

-352 

-1,624 

-3,096 

-197 

212 

-443 

-993 

-1,339 

-1,055 

-1,035 

-592 

783 

706 

816 

775 

821 

-400 

390 

638 

-359 

-195 

-344 96 

-459 

480 

442 

419 94 

106 

-146 

-431 

160 

-167 

-992 

-208 

-153 

-327 

-1,267 

-1,702 

-35 

123 

-980 

-1,049 

-1,750 

-1,018 

-871 

-51 

576 

655 

677 

586 

389 

-875 

198 

650 

-492 

-154 

-293 20 

-433 

614 

517 

473 33 

-34 

-83 

-222 

270 

-245 

-988 

-305 

-144 

-292 

-1,195 

-1,027 

229 

280 

-705 

-417 

-1,751 

-1,201 

-348 

-177 

762 

663 

685 

885 

169 

-870 

252 

457 

-245 

-36 

-133 

-41 

-424 

669 

419 

268 

209 

168 -2 

-165 

107 

-310 

-829 

-49 58 

-830 

-1,036 

-364 

135 

110 

-384 

-749 

-1,079 

-1,587 

-330 

-197 

681 

683 

605 

723 

461 

544 

-642 

559 

254 

-310 

-109 

314 

-82 

-320 

566 

457 

315 

121 22 

-132 72 

-44 

-592 

-800 

-113 

126 

-1,258 

-994 

-70 

149 

158 

-162 

-733 

-1,701 

-923 

-1,256 

678 

684 

622 

639 

496 

159 

-206 

633 

158 

-411 

-485 

508 

-364 

-63 

518 

424 

233 

123 

-156 

-324 

247 

-360 

-1,003 

-733 

-116 41 

-1,654 

-2,270 75 

101 

-46 

-808 

-1,188 

-1,088 

-1,601 

-982 

720 

743 

873 

592 

452 

-252 

203 

734 

-128 

-231 

-440 

341 

-528 

260 

538 

418 

128 

102 

-151 

-373 

279 

-183 

-950 

-745 

-520 

-197 

-1,743 

-3,133 

-161 

117 

-434 

-1,008 

-1,077 

-508 

-1,164 

-390 

707 

675 

726 

749 

460 

-715 

280 

582 

-365 

-128 

-257 25 

-439 

588 

459 

387 

112 80 

-77 

-273 

179 

-241 

-936 

-187 

-80 

-483 

-1,166 

-1,031 

110 

171 

-690 

-738 

-1,527 

-1,269 

-516 

-142 

697 

696 

706 

676 

467 

-66 

-91 

627 

-20 

-270 

-323 

297 

-353 

116 

520 

421 

197 

107 

-90 

-276 

194 

-207 

-871 

-616 

-207 

-128 

-1,455 

-1,857 

-11 

134 

-253 

-679 

-1,131 

-1,141 

-1,051 

-692 

bank borrowings from the Federal Reserve® 

— of dofars] Averag

e for period 

203 

244 

110 

123 

330 

365 

1,310 

293 

354 

799 

640 

242 

508 

816 

137 68 

172 

304 

405 

478 

362 

361 

824 

1,092 

328 33 

1,593 

1,186 

147 76 79 

405 

973 

1,655 

1,301 

1,713 

173 

270 

148 

128 

242 

307 

1,202 

189 

463 

993 

834 

138 

601 

635 70 91 

155 

259 

416 

551 

199 

671 

918 

896 

319 99 

1,858 

1,352 

106 58 

110 

344 

999 

2,824 

994 

1,611 

126 

111 98 

101 

161 

367 

1,166 

139 

495 

1,060 

1,011 

130 

676 

602 56 69 

121 

213 

471 

626 

134 

683 

996 

822 

148 

109 

1,721 

1,714 

110 44 73 

539 

897 

2,455 

1,338 

1,581 

107 

144 

176 80 

438 

563 

944 

155 

368 

971 

909 

119 

767 

502 96 63 

209 

255 

505 

722 

101 

746 

1,402 

976 

330 

119 

1,786 

2,580 60 

121 

200 

1,227 

1,777 

1,018 

2,220 

1,105 

135 

100 

100 68 

170 

579 

423 

146 

401 

769 

1,005 

142 

921 

425 63 

100 

236 

270 

528 

674 

123 

692 

1,407 

888 

453 94 

1,788 

3,000 

271 

120 

262 

1,111 

1,396 

380 

2,039 

1,205 

92 95 

109 

123 

194 

1,077 

418 65 

527 

738 

917 

109 

956 

322 

265 

524 

766 87 

525 

1,190 

1,358 

820 

202 

2,050 

3,308 

261 

123 

336 

1,286 

1,179 

395 

1,679 

669 

127 87 94 

164 

292 

1,032 

651 

115 

765 

898 

1,005 

252 

1,008 

293 67 

127 

330 

334 

564 

728 89 

565 

1,249 

827 

804 

438 

2,144 

3,351 

211 

104 

1,071 

1,147 

1,097 

659 

1,417 

510 

133 

128 75 96 

338 

683 

468 67 

849 

792 

988 

476 

903 

225 37 80 

321 

331 

528 

766 90 

515 

1,067 

607 

501 

514 

1,861 

3,287 

396 75 

634 

1,068 

1,344 

1,311 

1,451 

976 

171 

111 46 67 95 

1,048 

362 82 

884 

715 

811 

425 

905 

149 65 65 

313 

309 

490 

733 

126 

427 

1,135 

462 

360 

574 

1,465 

1,793 

191 66 

1,319 

1,261 

2,022 

1,335 

1,149 

455 

274 

118 

134 

145 

340 

1,532 

486 

164 

1,016 

744 

804 

486 

878 

142 

105 

119 

376 

430 

452 

611 

133 

569 

1,241 

425 

407 

606 

1,399 

1,285 61 84 

840 

722 

1,906 

2,156 

695 

579 

224 

134 

118 

142 

657 

1,593 

441 

246 

839 

688 

710 

557 

906 87 

149 

304 

327 

243 

454 

557 

238 

765 

1,086 

321 

107 

1,049 

1,298 

703 

127 62 

558 

874 

1,473 

1,617 

642 

697 

161 

219 

142 95 

261 

294 

1,286 

194 

377 

866 

627 

277 

555 

785 85 76 

142 

273 

373 

477 

317 

423 

813 

984 

339 51 

1,538 

1,194 

214 71 83 

410 

989 

1,907 

1,227 

1,617 

123 

118 

125 83 

256 

503 

844 

147 

421 

933 

975 

130 

788 

510 72 77 

189 

246 

501 

674 

119 

707 

1,268 

895 

310 

107 

1,765 

2,431 

147 95 

178 

959 

1,357 

1,284 

1,866 

1,297 

117 

103 93 

128 

275 

931 

512 82 

714 

809 

970 

279 

956 

302 52 99 

324 

310 

539 

753 89 

535 

1,169 

931 

708 

385 

2,018 

3,315 

289 

101 

680 

1,167 

1,207 

788 

1,516 

718 

223 

121 99 

118 

364 

1,391 

430 

164 

913 

716 

775 

489 

896 

126 

106 

163 

339 

327 

465 

634 

166 

587 

1,154 

403 

291 

743 

1,387 

1,260 

126 71 

906 

952 

1,800 

1,703 

829 

577 

156 

140 

115 

106 

289 

780 

768 

147 

606 

831 

837 

294 

799 

431 79 

104 

248 

289 

470 

634 

173 

563 

1,101 

803 

412 

321 

1,677 

2,050 

194 84 

462 

872 

1,338 

1,420 

1,359 

1,052 

95. Ratio, consumer instalment credit outstanding to personal income 

[Percent] En

d of period 

2.54 

3.66 

4.60 

5.72 

6.29 

6.06 

7.38 

8.26 

8.40 

9.37 

9.55 

9.86 

9.45 

10.38 

10.93 

10.59 

11.30 

11.94 

12.70 

12.97 

12.85 

12.34 

12.67 

12.75 

12.73 

12.67 

13.35 

13.80 

13.49 

12.56 

13.34 

14.19 

14.89 

14.77 

13.38 

12.99 

2.66 

3.78 

4.65 

5.70 

6.23 

6.09 

7.52 

8.27 

8.52 

9.45 

9.56 

9.76 

9.48 

10.51 

10.85 

10.54 

11.33 

12.11 

12.72 

12.96 

12.77 

12.42 

12.62 

12.67 

12.69 

12.83 

13.39 

13.74 

13.32 

12.81 

13.39 

14.22 

14.85 

14.87 

13.33 

12.97 

2.82 

3.89 

4.76 

5.93 

6.12 

6.16 

7.64 

8.30 

8.61 

9.44 

9.59 

9.75 

9.51 

10.55 

10.79 

10.59 

11.42 

12.13 

12.80 

12.96 

12.74 

12.43 

12.64 

12.36 

12.70 

12.90 

13.45 

13.70 

13.21 

12.86 

13.51 

14.22 

14.97 

14.77 

13.34 

12.97 

2.93 

3.97 

4.90 

6.06 

6.07 

6.30 

7.74 

8.27 

8.71 

9.50 

9.62 

9.69 

9.57 

10.59 

10.70 

10.67 

11.47 

12.20 

12.83 

12.97 

12.70 

12.40 

12.69 

12.45 

12.70 

12.96 

13.55 

13.64 

13.05 

12.88 

13.61 

14.37 

15.03 

14.56 

13.34 

12.93 

2.99 

3.97 

5.07 

6.22 

6.02 

6.50 

7.80 

8.28 

8.86 

9.49 

9.60 

9.60 

9.64 

10.68 

10.60 

10.74 

11.50 

12.26 

12.85 

12.92 

12.66 

12.40 

12.71 

12.52 

12.49 

13.25 

13.60 

13.61 

12.76 

12.96 

13.68 

14.48 

15.02 

14.32 

13.23 

12.98 

3.09 

4.06 

5.20 

6.34 

5.97 

6.67 

7.93 

8.29 

8.86 

9.55 

9.63 

9.43 

9.77 

10.73 

10.57 

10.80 

11.61 

12.32 

12.91 

12.93 

12.60 

12.40 

12.69 

12.55 

12.74 

13.12 

13.66 

13.56 

12.91 

12.96 

13.67 

14.46 

14.92 

14.06 

13.05 

12.91 

3.17 

4.11 

5.27 

6.37 

5.95 

6.60 

8.04 

8.26 

9.02 

9.49 

9.64 

9.42 

10.01 

10.78 

10.59 

10.87 

11.68 

12.34 

12.98 

12.89 

12.58 

12.39 

12.67 

12.54 

12.77 

13.13 

13.68 

13.61 

12.82 

12.99 

13.75 

14.52 

14.93 

13.99 

12.96 

12.93 

3.02 

4.21 

5.31 

6.48 

5.98 

6.67 

8.12 

8.24 

9.13 

9.47 

9.73 

9.39 

10.14 

10.83 

10.61 

10.90 

11.73 

12.42 

12.75 

12.84 

12.60 

12.39 

12.70 

12.53 

12.85 

13.19 

13.67 

13.59 

12.79 

13.05 

13.80 

14.56 

15.00 

13.83 

12.97 

12.90 

3.26 

4.22 

5.56 

6.45 

5.95 

6.85 

8.14 

8.23 

9.17 

9.44 

9.78 

9.36 

10.27 

10.83 

10.56 

10.97 

11.80 

12.52 

12.91 

12.82 

12.59 

12.43 

12.72 

12.57 

12.91 

13.06 

13.69 

13.49 

12.77 

13.12 

13.82 

14.53 

15.00 

13.69 

13.00 

12.82 

3.39 

4.29 

5.65 

6.38 

5.99 

7.01 

8.26 

8.20 

9.21 

9.52 

9.81 

9.28 

10.27 

10.90 

10.52 

11.04 

11.88 

12.51 

12.91 

12.81 

12.56 

12.46 

12.77 

12.52 

12.96 

13.02 

13.69 

13.48 

12.78 

13.06 

13.90 

14.59 

15.02 

13.59 

12.96 

12.79 

3.49 

4.39 

5.74 

6.25 

6.03 

7.15 

8.29 

8.26 

9.26 

9.52 

9.87 

9.32 

10.20 

11.00 

10.53 

11.10 

11.88 

12.50 

12.91 

12.85 

12.52 

12.51 

12.71 

12.50 

12.94 

13.07 

13.70 

13.41 

12.82 

13.13 

13.95 

14.61 

14.97 

13.45 

12.96 

12.83 

2.66 

3.78 

4.65 

5.70 

6.23 

6.09 

7.52 

8.27 

8.52 

9.45 

9.56 

9.76 

9.48 

10.51 

10.85 

10.54 

11.33 

12.11 

12.72 

12.96 

12.77 

12.42 

12.62 

12.67 

12.69 

12.83 

13.39 

13.74 

13.32 

12.81 

13.39 

14.22 

14.85 

14.87 

13.33 

12.97 

2.99 

3.97 

5.07 

6.22 

6.02 

6.50 

7.80 

8.28 

8.86 

9.49 

9.60 

9.60 

9.64 

10.68 

10.60 

10.74 

11.50 

12.26 

12.85 

12.92 

12.66 

12.40 

12.71 

12.52 

12.49 

13.25 

13.60 

13.61 

12.76 

12.96 

13.68 

14.48 

15.02 

14.32 

13.23 

12.98 

3.02 

4.21 

5.31 

6.48 

5.98 

6.67 

8.12 

8.24 

9.13 

9.47 

9.73 

9.39 

10.14 

10.83 

10.61 

10.90 

11.73 

12.42 

12.75 

12.84 

12.60 

12.39 

12.70 

12.53 

12.85 

13.19 

13.67 

13.59 

12.79 

13.05 

13.80 

14.56 

15.00 

13.83 

12.97 

12.90 

3.49 

4.39 

5.74 

6.25 

6.03 

7.15 

8.29 

8.26 

9.26 

9.52 

9.87 

9.32 

10.20 

11.00 

10.53 

11.10 

11.88 

12.50 

12.91 

12.85 

12.52 

12.51 

12.71 

12.50 

12.94 

13.07 

13.70 

13.41 

12.82 

13.13 

13.95 

14.61 

14.97 

13.45 

12.96 

12.83 

3.49 

4.39 

5.74 

6.25 

6.03 

7.15 

8.29 

8.26 

9.26 

9.52 

9.87 

9.32 

10.20 

11.00 

10.53 

11.10 

11.88 

12.50 

12.91 

12.85 

12.52 

12.51 

12.71 

12.50 

12.94 

13.07 

13.70 

13.41 

12.82 

13.13 

13.95 

14.61 

14.97 

13.45 

12.96 

12.83 

See footnotes at end of this part. 

Digitized 

95-

for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Year Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. 

Quarterly 

JUL IV Q 

Annual 

96. Manufacturers' untied orders, 

[More of dolars] 

durable goods industries 

End of period 

1947 31.83 

1948 28.25 

1949 25.63 

1950 20.20 

1951 40.84 

1952 63.99 

1953 74.41 

1954 56.18 

1955 46.03 

1956 57.55 

1957 63.63 

1958 45.91 

1959 44.72 

1960 47.34 

1961 41.76 

1962 44.38 

1963 46.44 

1964 52.03 

1965 64.15 

1966 77.72 

1967 94.10 

1968 100.58 

1969 106.13 

1970 110.43 

1971 102.74 

1972 102.49 

1973 117.42 

1974 158.00 

1975 182.92 

1976 164.50 

1977 175.84 

1978 199.65 

1979 257.66 

1980 298.21 

1981 316.32 

1982 313.57 

1947 

1948 1.12 

1949 -.56 

1950 1.30 

1951 2.80 

1952 -1.15 

1953 -.61 

1954 -.41 

1955 30 

1956 -.10 

1957 -.80 

1958 94 

1959 30 

1960 19 

1961 -.73 

1962 72 

1963 0 

1964 0 

1965 -.59 

1966 78 

1967 -1.00 

1968 -.48 

1969 2.11 

1970 -.76 

1971 81 

1972 1.81 

1973 1.51 

1974 -.99 

1975 -3.22 

1976 3.14 

1977 -.59 

1978 2.58 

1979 96 

1980 1.48 

1981 -1.81 

1982 87 

1947 

1948 

1949 -1.01 

1950 1.12 

1951 3.11 

1952 -1.26 

1953 -.99 

1954 -.52 

1955 91 

1956 -.38 

1957 -1.16 

1958 10 

1959 -.10 

1960 38 

1961 -.31 

1962 91 

1963 -.10 

1964 20 

1965 -.77 

1966 1.22 

1967 -.20 

1968 -.39 

1969 1.92 

1970 17 

1971 28 

1972 1.99 

1973 1.81 

1974 44 

1975 -2.25 

1976 2.13 

1977 65 

1978 2.56 

1979 1.24 

1980 1.42 

1981 -1.60 

1982 35 

31.66 

27.96 

24.78 

20.56 

44.56 

63.98 

74.83 

54.49 

46.65 

57.78 

63.61 

44.79 

46.17 

46.48 

41.93 

45.01 

47.48 

52.74 

65.32 

79.56 

94.37 

100.83 

106.79 

109.36 

103.62 

103.16 

120.52 

161.91 

180.19 

164.36 

176.42 

202.77 

265.15 

301.22 

317.25 

312.40 

31.49 

27.81 

23.82 

20.97 

48.47 

65.95 

74.03 

52.00 

47.84 

58.19 

62.74 

44.28 

47.06 

45.23 

41.63 

44.53 

48.84 

53.52 

66.17 

81.99 

93.94 

102.43 

107.54 

108.46 

103.60 

103.59 

124.79 

165.10 

176.88 

165.36 

176.80 

207.29 

271.86 

302.36 

316.95 

311.85 

31.07 

27.82 

22.52 

21.43 

51.77 

68.13 

73.51 

50.17 

48.20 

59.41 

61.88 

43.44 

47.58 

44.16 

41.81 

43.75 

49.45 

54.37 

67.06 

83.74 

94.10 

102.75 

109.86 

107.19 

103.05 

103.94 

128.45 

168.22 

174.20 

166.30 

178.42 

211.18 

277.04 

302.60 

318.87 

310.78 

30.72 

27.49 

21.42 

21.86 

54.20 

68.34 

73.42 

48.38 

48.54 

59.96 

61.24 

43.10 

47.18 

43.55 

41.96 

43.36 

50.29 

55.50 

67.94 

85.25 

95.16 

102.40 

110.93 

106.30 

101.78 

104.98 

132.11 

173.33 

172.41 

166.96 

179.73 

216.43 

279.66 

300.04 

321.23 

307.45 

30.32 

28.22 

20.18 

22.63 

56.80 

71.06 

72.89 

46.71 

49.10 

60.22 

59.99 

43.32 

47.42 

43.29 

42.05 

43.20 

50.15 

56.71 

68.86 

87.40 

96.74 

102.26 

110.91 

105.48 

100.40 

105.98 

135.17 

177.22 

170.18 

167.66 

182.08 

220.98 

284.35 

300.01 

322.09 

304.41 

29.56 

28.58 

19.30 

24.96 

59.04 

72.87 

70.71 

45.52 

49.91 

61.70 

58.26 

43.46 

47.39 

42.86 

42.46 

43.23 

50.16 

58.30 

69.65 

89.17 

97.36 

101.08 

110.87 

104.48 

99.64 

106.61 

137.21 

181.55 

170.21 

169.38 

183.04 

224.37 

285.27 

303.36 

322.93 

301.12 

29.06 

28.80 

18.89 

28.87 

60.01 

73.52 

68.46 

44.52 

50.56 

63.60 

56.56 

43.45 

47.50 

43.31 

42.90 

42.81 

50.26 

58.90 

70.40 

90.26 

97.72 

101.82 

110.62 

103.09 

99.60 

107.34 

140.08 

187.17 

169.41 

168.94 

184.77 

229.05 

285.95 

305.15 

322.61 

296.83 

29.05 

28.53 

18.59 

31.06 

60.81 

74.37 

64.97 

44.82 

51.74 

63.72 

55.15 

43.20 

48.66 

43.62 

43.04 

43.36 

50.86 

60.06 

71.81 

92.64 

98.04 

103.00 

111.40 

102.42 

100.55 

109.73 

143.21 

190.03 

168.52 

169.94 

186.78 

234.07 

288.46 

307.96 

321.94 

292.76 

28.56 

28.09 

18.93 

33.03 

62.13 

73.80 

62.43 

46.13 

53.21 

63.56 

53.24 

43.30 

49.48 

42.79 

43.08 

43.83 

50.92 

61.24 

73.13 

93.37 

99.04 

104.50 

111.29 

101.10 

100.87 

110.94 

146.76 

189.00 

166.98 

171.52 

190.26 

241.70 

289.74 

310.49 

318.61 

291.02 

28.52 

27.48 

19.36 

34.14 

62.94 

73.16 

60.58 

45.31 

54.37 

63.81 

51.79 

44.08 

49.45 

42.40 

43.41 

43.96 

51.12 

62.13 

74.46 

93.84 

99.50 

104.95 

111.31 

100.91 

101.59 

112.44 

150.94 

188.16 

166.86 

172.52 

192.84 

248.38 

291.98 

311.92 

316.77 

28.58 

26.62 

19.62 

35.44 

63.39 

72.68 

58.64 

45.25 

56.24 

63.88 

50.35 

43.99 

48.88 

42.10 

43.98 

45.51 

50.96 

63.15 

75.90 

94.16 

100.58 

105.95 

111.25 

101.57 

102.12 

114.72 

153.88 

185.56 

165.93 

174.21 

197.22 

252.38 

294.23 

315.18 

313.34 

291.76 

31.49 

27.81 

23.82 

20.97 

48.47 

65.95 

74.03 

52.00 

47.84 

58.19 

62.74 

44.28 

47.06 

45.23 

41.63 

44.53 

48.84 

53.52 

66.17 

81.99 

93.94 

102.43 

107.54 

108.46 

103.60 

103.59 

124.79 

165.10 

176.88 

165.36 

176.80 

207.29 

271.86 

302.36 

316.95 

311.85 

30.32 

28.22 

20.18 

22.63 

56.80 

71.06 

72.89 

46.71 

49.10 

60.22 

59.99 

43.32 

47.42 

43.29 

42.05 

43.20 

50.15 

56.71 

68.86 

87.40 

96.74 

102.26 

110.91 

105.48 

100.40 

105.98 

135.17 

177.22 

170.18 

167.66 

182.08 

220.98 

284.35 

300.01 

322.09 

304.41 

29.05 

28.53 

18.59 

31.06 

60.81 

74.37 

64.97 

44.82 

51.74 

63.72 

55.15 

43.20 

48.66 

43.62 

43.04 

43.36 

50.86 

60.06 

71.81 

92.64 

98.04 

103.00 

111.40 

102.42 

100.55 

109.73 

143.21 

190.03 

168.52 

169.94 

186.78 

234.07 

288.46 

307.96 

321.94 

292.76 

28.58 

26.62 

19.62 

35.44 

63.39 

72.68 

58.64 

45.25 

56.24 

63.88 

50.35 

43.99 

48.88 

42.10 

43.98 

45.51 

50.96 

63.15 

75.90 

94.16 

100.58 

105.95 

111.25 

101.57 

102.12 

114i«r 

153.88 

185.56 

165.93 

174.21 

197.22 

252.38 

294.23 

315.18 

313.34 

291.76 

28.58 

26.62 

19.62 

35.44 

63.39 

72.68 

58.64 

45.25 

56.24 

63.88 

50.35 

43.99 

48.88 

42.10 

43.98 

45.51 

50.96 

63.15 

75.90 

94.16 

100.58 

105.95 

111.25 

101.57 

102.12 

114.72 

153.88 

185.56 

165.93 

174.21 

197.22 

252.38 

294.23 

315.18 

313.34 

291.76 

98. Change h producer prices for 28 sensitive c 

[Percent] Average for period 

2.87 

-1.10 

-1.58 

1.87 

.35 

-.97 

.51 

-.10 

.70 

.57 

-1.10 

-.31 

1.38 

-1.05 

-.42 

-.31 

.11 

0 

-.59 

.68 

-1.32 

.10 

1.82 

-1.69 

1.51 

.46 

4.06 

-.35 

.06 

1.16 

.09 

1.40 

1.20 

2.16 

-2.50 

-1.40 

3.30 

.56 

-.80 

1.38 

.26 

-.20 

.40 

-.10 

-.60 

.48 

-.41 

-.73 

1.36 

-1.54 

1.26 

-.92 

-.10 

.72 

-.30 

1.44 

-.72 

1.06 

2.27 

-1.46 

1.75 

.15 

3.77 

2.60 

-1.48 

2.23 

2.57 

.69 

4.10 

-.62 

.64 

-.22 

1.23 

1.89 

-.92 

1.36 

-.70 

-.29 

0 

-.62 

.50 

-.19 

-.61 

-.21 

.67 

-.49 

1.56 

-.83 

-.11 

.91 

0 

.47 

-.41 

.19 

-1.98 

0 

.95 

.38 

3.82 

3.22 

1.15 

1.93 

-.31 

1.13 

.30 

-6.32 

.94 

-.76 

-0.12 

1.20 

-1.40 

2.90 

-.70 

-.69 

.10 

.10 

.70 

-.57 

-.61 

-.10 

.29 

-.39 

-.20 

-.31 

.63 

-.10 

.70 

.47 

1.14 

.38 

-1.46 

.96 

.09 

.92 

2.96 

-4.63 

3.87 

.05 

-.76 

2.12 

.33 

-2.59 

.10 

.11 

0 

.43 

-1.06 

2.82 

-.97 

-.20 

-.20 

.21 

.59 

-.67 

-.10 

.84 

.95 

-1.57 

.62 

-.63 

.10 

.30 

-.10 

-.19 

2.05 

1.52 

-2.14 

.17 

1.28 

1.74 

.76 

-.30 

-1.95 

1.20 

-1.76 

2.97 

2.22 

.83 

.30 

.29 

1.21 

0 

-.95 

4.54 

-2.68 

-.50 

-.10 

1.98 

.49 

-.58 

-.10 

.62 

-.47 

-.60 

-.31 

0 

1.98 

.50 

.30 

-.19 

1.01 

1.68 

-1.60 

-.86 

2.86 

1.49 

-.70 

.74 

-.47 

4.58 

2.07 

.46 

-1.56 

3.31 

-1.19 

-.33 

0.60 

-.54 

-.72 

5.05 

-3.58 

.40 

-.40 

-.10 

1.08 

-1.45 

-.31 

2.07 

-.38 

-1.71 

.10 

.42 

.82 

-3.85 

.80 

.83 

.43 

-.09 

2.37 

1.25 

3.57 

-1.97 

2.23 

-.61 

3.60 

1.21 

-.79 

2.69 

-1.34 

-2.46 

0.72 

-.65 

.24 

4.51 

-.67 

-.30 

-.41 

.61 

.87 

-.59 

-.83 

1.32 

0 

-.31 

.41 

-.21 

-1.52 

-.40 

-.49 

-.68 

1.48 

1.18 

.25 

-.09 

.24 

.07 

4.41 

-1.81 

3.39 

1.56 

2.04 

.78 

.40 

.81 

-2.37 

-.26 

2.25 

-.98 

.85 

.18 

.96 

-.70 

-.92 

.71 

-.38 

-.79 

.10 

1.60 

.09 

-.92 

-.31 

-.10 

.41 

.90 

.29 

-.10 

-.39 

2.07 

0 

.17 

-.16 

2.39 

2.82 

-4.05 

-.33 

-.05 

-1.24 

2.00 

1.36 

.87 

-1.08 

-.23 

2.08 

-.99 

.48 

.92 

-.09 

-.60 

-.41 

.30 

.29 

-.10 

-.42 

0 

-.38 

-.73 

-1.02 

-.31 

.31 

.39 

.59 

-.69 

.88 

1.41 

1.44 

-1.92 

.48 

1.62 

3.64 

-1.97 

.67 

1.21 

-.78 

2.87 

-1.01 

1.98 

-2.18 

-.57 

1.47 

-1.11 

.96 

.82 

-.66 

-.40 

-.21 

.10 

.67 

.10 

.31 

-.59 

0 

.21 

.52 

.21 

0 

.20 

0 

-1.19 

1.07 

2.95 

-.50 

-.98 

1.27 

1.18 

3.05 

-5.33 

2.27 

1.15 

2.69 

-.42 

-2.27 

.26 

-.72 

.34 

0.19 

-.98 

1.52 

1.14 

-.77 

.10 

-.20 

.13 

.32 

-.77 

-.03 

1.01 

-.80 

.04 

-.17 

0 

.24 

-.49 

.97 

-1.01 

.23 

2.07 

-1.30 

1.36 

.81 

3.11 

.42 

-1.55 

2.18 

.69 

1.56 

2.09 

1.01 

-1.22 

-.25 

0.37 

1.17 

-1.13 

2.36 

-.79 

-.39 

-.03 

-.10 

.60 

-.48 

-.44 

.18 

.64 

-.82 

.66 

-.59 

.21 

.37 

.20 

.25 

.93 

.70 

-1.86 

.38 

.77 

1.01 

2.51 

-.57 

1.02 

1.06 

-.94 

2.07 

.95 

-2.69 

.45 

-.12 

0.84 

-.40 

-.48 

4.70 

-2.31 

-.13 

-.30 

.83 

.81 

-.87 

-.41 

1.34 

-.28 

-.87 

.07 

.07 

.43 

.30 

.33 

-1.57 

1.10 

1.23 

-.31 

-.35 

1.82 

.94 

2.43 

-1.01 

1.72 

1.84 

2.57 

.82 

-.65 

2.27 

-1.63 

-1.02 

1.93 

-1.03 

.76 

.64 

.07 

-.57 

-.51 

.37 

.19 

-.26 

0 

.34 

-.10 

-.48 

-.27 

-.07 

.24 

.50 

.29 

-.66 

.52 

2.14 

.31 

-.91 

.53 

1.73 

3.17 

-3.78 

.87 

.77 

.22 

1.48 

-.64 

1.04 

-1.33 

-.15 

-0.01 

-.45 

2.30 

-.47 

-.47 

-.19 

.22 

.43 

-.32 

-.41 

.45 

.32 

-.74 

.12 

-.19 

.22 

.35 

.08 

-.25 

.38 

1.07 

.05 

-.55 

1.12 

1.12 

2.81 

-1.24 

.52 

1.46 

.64 

1.48 

.44 

.40 

-.93 

-.38 

99. Change in sensitive materials prices, monthly 

[Percent] 

data 

-1.76 

-2.44 

.66 

.40 

-2.09 

0 

-.31 

.80 

-.19 

-1.56 

-.10 

.70 

-.96 

.41 

-.80 

0 

0 

-.29 

.93 

-1.19 

0 

1.79 

-.78 

1.20 

.85 

3.84 

1.94 

.19 

1.07 

.91 

.75 

2.32 

1.68 

-2.08 

-.97 

-0.90 

-2.71 

.66 

-.71 

-1.30 

.50 

.42 

-.79 

.28 

-.30 

-.63 

1.19 

-1.36 

1.75 

-.51 

-.31 

.51 

.48 

.92 

-1.10 

.69 

1.32 

-.96 

1.10 

1.18 

3.49 

2.01 

-.58 

2.19 

2.22 

.35 

3.76 

-.83 

.92 

-.89 

1.41 

-3.64 

-1.03 

-1.40 

.73 

.70 

.09 

-.60 

-.84 

.68 

.20 

1.11 

-1.12 

0 

1.52 

.87 

-.18 

-.91 

-.39 

-.35 

-.09 

1.08 

.75 

2.54 

1.81 

1.29 

2.20 

-.26 

.64 

.74 

-4.73 

.83 

-1.21 

0.40 

-1.11 

2.80 

-.72 

-.76 

-.10 

.31 

0 

-1.41 

-.50 

.11 

.29 

-.20 

0 

-.31 

.52 

-.50 

.48 

-.55 

.41 

-.49 

-.52 

.27 

-.36 

1.65 

2.41 

-3.92 

1.65 

.28 

-.94 

.78 

.12 

-3.67 

-.37 

-.18 

0.59 

-1.57 

2.62 

-1.94 

-.86 

-.30 

.31 

.69 

-1.15 

.10 

.84 

.68 

-1.18 

-.70 

-1.03 

-.31 

.30 

-.48 

-.09 

1.12 

.59 

-.79 

-.53 

0 

.81 

1.70 

0 

-2.81 

.96 

-2.52 

2.14 

1.14 

-.74 

-.45 

-1.45 

-0.10 

0 

5.42 

-4.87 

-.68 

-.20 

.72 

1.28 

-.10 

-.30 

1.15 

-.29 

-.70 

.10 

-.31 

1.15 

.60 

0 

0 

.10 

.59 

-.62 

-1.07 

1.08 

.72 

.97 

.49 

.75 

.57 

-.48 

2.83 

-.25 

.41 

0 

1.26 

6.40 

-2.86 

.10 

-.41 

-.20 

.97 

0 

-.30 

1.66 

-.10 

-.70 

.40 

.31 

.41 

1.39 

.76 

-3.78 

.40 

.58 

.80 

-.36 

1.69 

.88 

3.76 

-1.57 

2.52 

-.97 

1.66 

1.66 

-.32 

2.92 

-.41 

-1.38 

-0.79 

.56 

5.74 

-.71 

-.10 

-.82 

.82 

.87 

.19 

-1.31 

.61 

.48 

-.40 

.20 

-.31 

-.38 

-1.15 

.60 

.97 

.79 

-.27 

.44 

.08 

1.72 

-2.20 

2.52 

.33 

1.10 

1.21 

.12 

1.03 

-1.91 

.19 

-1.09 

-.79 

1.21 

1.17 

-1.17 

-1.44 

.81 

-.48 

-.58 

-.92 

1.82 

.19 

-.91 

-.30 

.21 

.83 

1.46 

.19 

-.68 

-.20 

1.53 

-.44 

-.18 

-.09 

2.06 

1.75 

-3.55 

-.55 

-.65 

-.36 

2.30 

1.75 

.69 

-1.14 

-.51 

0.30 

1.13 

2.56 

-.53 

-.30 

.52 

.30 

.57 

.68 

-.83 

.70 

-.19 

-.82 

-1.61 

.31 

.51 

.48 

.47 

-.49 

.90 

1.51 

.70 

-1.18 

.09 

1.63 

2.55 

-2.16 

0 

.55 

-.57 

2.16 

-.88 

1.42 

-1.88 

-.93 

-1.00 

.22 

1.33 

-.36 

-.49 

-.10 

0 

1.24 

.10 

0 

-.69 

-.29 

-.31 

.92 

-.10 

.10 

-.10 

.89 

1.67 

.17 

-1.19 

.70 

1.30 

4.11 

-4.77 

1.36 

.92 

2.46 

-.57 

-.69 

-.48 

-1.05 

-.24 

-2.05 

.81 

.93 

-1.55 

-.16 

-.14 

.31 

-.10 

-1.01 

-.21 

.60 

-.65 

.62 

-.13 

-.14 

.24 

-.19 

1.02 

-.83 

.10 

1.68 

-.52 

.86 

1.34 

3.05 

1.46 

-.88 

1.80 

1.26 

1.22 

2.44 

.76 

-.92 

-.50 

0.80 

-2.11 

2.13 

-1.15 

-.88 

-.60 

.45 

.46 

-.82 

-.33 

.04 

.55 

-.39 

.14 

-.82 

.07 

.44 

.29 

-.27 

.21 

-.10 

-.55 

-.12 

.24 

1.07 

2.22 

-.70 

.04 

1.15 

-1.24 

1.19 

.67 

-3.05 

Average for period 

-o'M 

.61 

5.85 

-2.81 

-.23 

-.48 

.45 

1.04 

.03 

-.64 

1.14 

.03 

-.60 

.23 

-.10 

.25 

.83 

.13 

-1.64 

.37 

.71 

.32 

-.57 

1.07 

.56 

2.15 

-1.09 

1.51 

1.02 

1.17 

1.15 

-.23 

2.26 

-0.60 

.19 

1.70 

.09 

-.65 

-.34 

.37 

.44 

.07 

-.58 

.61 

-.10 

-.68 

-.33 

.14 

.48 

.61 

.35 

-.62 

.53 

1.57 

.14 

-.85 

.23 

1.66 

2.80 

-3.49 

.27 

.27 

.51 

1.30 

.06 

.54 

-1.36 

-.56 

-0.84 

2.62 

-.73 

-.83 

-.39 

.28 

.56 

-.21 

-.64 

.39 

.27 

-.58 

.16 

-.23 

.16 

.53 

.14 

-.38 

.07 

.57 

.40 

-.51 

.60 

1.16 

2.55 

-.96 

.24 

1.06 

.42 

1.21 

.74 

.13 

-.78 

-.57 

96 

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Year Jan. Feb. Mar. JPL M. June July Sept. Oct. Dec. 

Q"art**y 

I Q HQ HIQ IV Q Annual 

99. Change in sensitive materials prices, smoothed data1 

[Percent] Average for period 

1947 

1948 

1949 -0.58 

1950 51 

1951 2.02 

1952 -.31 

1953 -.62 

1954 -.19 

1955 39 

1956 46 

1957 -.03 

1958 -.41 

1959 29 

1960 -.06 

1961 -.58 

1962 -.13 

1963 09 

1964 37 

1965 24 

1966 52 

1967 -.54 

1968 50 

1969 1.64 

1970 25 

1971 -.77 

1972 58 

1973 l.W 

1974 2.58 

1975 -3.28 

1976 72 

1977 49 

1978 1.00 

1979 1.12 

1980 01 

1981 16 

1982 -1.11 

1947 15,733 

1948 17,807 

1949 18,953 

1950 17,960 

1951 19,901 

1952 24,083 

1953 26,787 

1954 26,249 

1955 25,835 

1956 30,356 

1957 34,070 

1958 34,023 

1959 33,151 

1960 36,523 

1961 38,150 

1962..... 38,873 

1963 41,874 

1964 45,008 

1965 50,362 

1966 59,357 

1967 68,150 

1968 73,346 

1969 81,559 

1970 89,515 

1971 90,091 

1972 86,555 

1973 90,219 

1974 92,581 

1975 97,540 

1976 83,233 

1977 78,816 

1978 80,451 

1979 84,405 

1980 89,669 

1981 88,599 

1982 100,644 

1947 

1948 0.24 

1949 -.15 

1950 20 

1951 33 

1952 36 

1953. 13 

1954 29 

1955 48 

1956 12 

1957 39 

.1958 -.11 

1959 95 

1960 13 

1961 58 

1962 60 

1963 69 

1964 53 

1965 66 

1966 65 

1967 29 

1968 46 

1969 42 

1970 03 

1971 97 

1972 1.01 

1973 1.03 

1974 48 

1975 39 

1976 1.05 

1977 1.13 

1978 74 

1979 39 

1980 50 

1981 49 

1982 .85 

-1.03 

.75 

1.97 

-.98 

-.54 

-.17 

.49 

.35 

-.50 

-.12 

-.03 

-.16 

-.28 

.21 

-.02 

.18 

-.26 

.77 

-.58 

.32 

1.75 

.10 

-.30 

1.05 

1.95 

2.27 

-2.67 

1.34 

.77 

1.70 

.97 

.38 

-1.77 

.74 

1.27 

-1.39 

-.33 

-.22 

.44 

.06 

-.94 

-.10 

.28 

-.47 

.27 

.11 

-.10 

.17 

-.29 

.93 

-.76 

.13 

1.74 

-.34 

.48 

1.26 

2.68 

1.81 

-1.58 

1.66 

1.04 

1.57 

1.72 

.78 

-1.15 

-.53 

-2.49 

.79 

.28 

-1.51 

-.23 

.07 

.27 

-.02 

-.91 

-.37 

.73 

-.47 

-.12 

.46 

.08 

.79 

-.95 

.10 

1.30 

-.57 

.99 

1.13 

3.17 

1.69 

-.29 

1.81 

1.11 

.90 

2.36 

-.27 

-.52 

-.76 

-0.06 

-2.71 

1.12 

-.56 

-1.25 

-.32 

.38 

.10 

-.14 

-.64 

-.49 

.79 

-.58 

1.02 

-.73 

-.02 

.59 

.48 

.31 

-.80 

.02 

.54 

-.44 

.87 

1.06 

3.05 

.94 

.54 

1.69 

.65 

.58 

1.91 

-2.18 

.17 

0.55 

-2.30 

1.81 

-.95 

-.96 

-.47 

.47 

.22 

-.58 

-.40 

-.21 

.64 

-.42 

.54 

-.73 

.07 

.48 

.45 

-.10 

-.16 

-.08 

-.20 

-.19 

.42 

1.13 

2.52 

-.37 

.42 

1.35 

-.45 

.89 

1.10 

-3.06 

.23 

-.85 

0.55 

-1.50 

2.87 

-1.83 

-.83 

-.40 

.45 

-.28 

.37 

.39 

-.54 

-.03 

-.68 

.26 

.29 

.14 

-.24 

.38 

.07 

-.60 

-.28 

.24 

1.07 

1.96 

-.92 

-.26 

1.40 

-1.07 

1.18 

.46 

-1.79 

-.18 

-.68 

0.23 

-.50 

4.21 

-2.87 

-.62 

-.25 

.36 

.82 

-.65 

-.20 

.96 

.16 

-.78 

-.13 

-.45 

.44 

.45 

.05 

-.75 

.54 

.41 

-.42 

-.55 

.58 

.93 

1.92 

-.75 

-.41 

1.44 

-.47 

1.31 

.19 

.57 

-.36 

-.61 

-0.07 

.25 

5.33 

-3.02 

-.35 

-.39 

.36 

1.01 

-.19 

-.40 

1.18 

.06 

-.73 

.08 

-.22 

.33 

.80 

.11 

-1.47 

.45 

.65 

.06 

-.61 

1.00 

.68 

2.15 

-.73 

.62 

1.12 

.57 

1.30 

-.06 

1.96 

-.61 

-.53 

-0.46 

.48 

5.15 

-1.81 

-.31 

-.68 

.46 

.75 

-.05 

-.74 

1.25 

.11 

-.64 

.17 

-.02 

.19 

.97 

.16 

-1.76 

.32 

.87 

.35 

-.42 

.88 

.78 

2.28 

-1.77 

1.50 

.29 

.98 

1.44 

.14 

1.90 

-1.00 

-.41 

-0.58 

.32 

3.81 

-.41 

-.46 

-.74 

.56 

.39 

-.02 

-.93 

1.20 

.18 

-.69 

-.24 

.07 

.16 

.96 

.14 

-1.32 

.35 

1.18 

.37 

-.41 

.41 

1.13 

2.21 

-2.54 

1.08 

-.18 

.43 

1.81 

.42 

1.30 

-1.40 

-.49 

-0.56 

.24 

2.44 

.04 

-.59 

-.46 

.51 

.83 

.03 

-.70 

-.45 

.10 

.33 

.71 

.22 

-.70 

.48 

1.45 

.25 

-.70 

.19 

1.46 

2.40 

-3.07 

.46 

.18 

.28 

1.59 

.20 

.79 

-1.50 

-.49 

-1.13 

.67 

1.75 

-.89 

-.50 

-.19 

.44 

.29 

-.49 

-.21 

.18 

-.23 

-.20 

.06 

-.01 

.24 

-.10 

.74 

-.63 

.32 

1.71 

0 

-.20 

.96 

2.08 

2.22 

-2.51 

1.24 

.77 

1.42 

1.27 

.39 

-.60 

-.78 

-2.50 

1.24 

-.41 

-1.24 

-.34 

.31 

.20 

-.25 

-.65 

-.36 

.72 

-.56 

.80 

-.64 

-.02 

.51 

.34 

.33 

-.64 

.01 

.55 

-.40 

.76 

1.11 

2.91 

.75 

.22 

1.62 

.44 

.79 

1.79 

-1.84 

-.04 

-.83 

0.24 

-.58 

4.14 

-2.57 

-.60 

-.35 

.39 

.80 

-.57 

-.29 

.84 

.20 

-.68 

-.03 

-.45 

.34 

.51 

.10 

-.82 

.46 

.38 

-.32 

-.48 

.61 

.89 

2.01 

-.80 

-.02 

1.32 

-.32 

1.26 

.20 

.25 

-.38 

-.61 

-0.53 

.35 

3.80 

-.73 

-.45 

-.63 

.51 

.51 

0 

-.82 

1.09 

.11 

-.68 

-.17 

.05 

.23 

.88 

.17 

-1.26 

.38 

1.17 

.32 

-.51 

.49 

1.12 

2.30 

-2.46 

1.01 

.10 

.56 

1.61 

.25 

1.33 

-1.30 

-.46 

-0.97 

2.46 

-.49 

-.80 

-.45 

.25 

.48 

-.13 

-.56 

.34 

.30 

-.54 

.10 

-.24 

.13 

.54 

.13 

-.25 

-.11 

.47 

.56 

-.35 

.42 

1.02 

2.33 

-.07 

-.32 

1.07 

.36 

1.27 

.88 

.03 

-.58 

-.67 

101. Commercial and industrial loans outstandkig in 1972 dofars 

[Mwons of dolarsj Average for period 

15,961 

18,066 

19,158 

18,001 

20,348 

24,191 

26,924 

26,437 

25,970 

30,445 

34,056 

33,588 

33,170 

37,030 

38,112 

39,072 

42,082 

45,542 

51,454 

59,903 

68,832 

72,911 

82,028 

90,769 

90,011 

86,558 

92,051 

92,687 

97,083 

83,505 

78,788 

79,940 

84,388 

89,704 

87,869 

102,640 

16,193 

18,084 

19,025 

17,972 

20,899 

24,371 

27,006 

26,402 

26,358 

31,259 

34,648 

33,254 

33,403 

37,103 

38,280 

39,298 

42,334 

45,606 

52,479 

60,721 

69,859 

73,174 

82,914 

91,875 

90,009 

87,419 

91,857 

92,634 

96,542 

81,836 

78,275 

81,015 

84,500 

90,490 

86,370 

103,637 

16,844 

18,089 

18,870 

18,093 

21,548 

24,478 

27,465 

26,173 

26,418 

31,644 

34,895 

33,178 

33,633 

37,334 

38,435 

39,696 

42,684 

46,075 

53,017 

61,294 

70,672 

74,406 

85,004 

91,848 

88,811 

88,492 

92,854 

95,832 

94,508 

79,362 

77,820 

81,096 

86,102 

90,261 

87,030 

105,776 

17,051 

18,467 

18,767 

17,996 

22,080 

24,594 

27,530 

26,013 

27,025 

32,061 

35,114 

32,688 

34,190 

37,726 

38,512 

39,918 

42,718 

46,515 

53,971 

62,128 

70,799 

74,352 

85,520 

92,384 

89,202 

88,615 

92,195 

96,165 

91,988 

79,286 

77,938 

81,918 

86,598 

89,045 

89,107 

107,062 

17,120 

18.640 

18,592 

18,311 

22,456 

24,893 

27,518 

26,023 

27,355 

32,487 

35,431 

32,667 

34,775 

38,308 

38,631 

40,249 

42,797 

46,813 

54,150 

6S,258 

71,243 

74,840 

86,412 

92,696 

87,744 

88,534 

92,089 

96,815 

90,121 

79,336 

78,990 

82,697 

87,762 

90,526 

90,614 

107,856 

17,122 

18,902 

18,153 

18,339 

22,738 

24,973 

27,222 

25,918 

27,918 

32,993 

35,454 

32,620 

34,844 

38,191 

38,551 

40,416 

42,789 

47,033 

54,552 

63,909 

71,605 

75,442 

86,725 

92,271 

86,825 

87,989 

94,487 

96,249 

88,619 

78,377 

78,765 

83,062 

88,393 

88,282 

91,936 

107,735 

17,266 

18,927 

17,881 

18,523 

23,020 

24,933 

27,529 

24,855 

28,329 

33,150 

35,456 

32,547 

35,477 

38,206 

38,642 

40,711 

43,100 

47,571 

55,763 

64,859 

71,508 

76,795 

88,027 

93,307 

88,185 

88,183 

90,951 

94,811 

87,317 

78,472 

79,690 

83,593 

89,710 

87,490 

93,781 

107,934 

17,250 

18,894 

17,827 

19,013 

23,176 

25,270 

27,236 

24,893 

28,489 

33,324 

35,651 

32,758 

35,474 

38,340 

38,738 

40,729 

43,497 

48,004 

56,830 

65,514 

71,827 

77,580 

89,249 

93,195 

90,298 

87,803 

92,462 

97,884 

85,889 

77,777 

79,785 

83,437 

90,698 

87,948 

95,996 

109,007 

17,456 

18,971 

17,950 

19,333 

23,320 

25,742 

27,197 

24,917 

29,079 

33,420 

35,265 

32,866 

36,011 

38,243 

38,739 

41,353 

43,945 

48,183 

57,520 

66,685 

72,374 

78,474 

89,909 

91,540 

89,418 

89,784 

94,132 

96,817 

84,553 

78,258 

80,203 

83,426 

89,670 

87,521 

96,724 

108,923 

17,764 

18,787 

17,857 

19,619 

23,421 

26,360 

27,070 

25,147 

29,633 

33,741 

34,711 

32,973 

36,245 

38,384 

38,815 

41,654 

44,713 

48,757 

58,255 

67,357 

72,946 

79,528 

90,053 

90,952 

89,160 

90,235 

94,848 

96,836 

84,312 

79,151 

80,527 

84,200 

88,581 

89,029 

98,333 

106,643 

17,796 

18,750 

17,813 

19,768 

23,686 

26,741 

26,501 

25,705 

30,055 

33,844 

34,514 

33,152 

36,492 

38,316 

38,891 

41,866 

45,482 

49,532 

58,630 

67,679 

73,432 

80,049 

90,680 

90,875 

87,836 

89,255 

93,840 

97,134 

84,163 

79,074 

80,752 

83,719 

89,160 

89,218 

99,308 

104,347 

15,962 

17,986 

19,045 

17,978 

20,383 

24,215 

26,906 

26,363 

26,054 

30,687 

34,258 

33,622 

33,241 

36,885 

38,181 

39,081 

42,097 

45,385 

51,432 

59,994 

68,947 

73,144 

82,167 

90,720 

90,037 

86,844 

91,376 

92,634 

97,055 

82,858 

78,626 

80,469 

84,431 

89,954 

87,613 

102,307 

17,005 

18,399 

18,743 

18,133 

22,028 

24,655 

27,504 

26,070 

26,933 

32,064 

35,147 

32,844 

34,199 

37,789 

38,526 

39,954 

42,733 

46,468 

53,713 

62,227 

70,905 

74,533 

85,645 

92,309 

88,586 

88,547 

92,379 

96,271 

92,206 

79,328 

78,249 

81,904 

86,821 

89,944 

88,917 

106,898 

17,213 

18,908 

17,954 

18,625 

22,978 

25,059 

27,329 

25,222 

28,245 

33,156 

35,520 

32,642 

35,265 

38,246 

38,644 

40,619 

43,129 

47,536 

55,715 

64,761 

71,647 

76,606 

88,000 

92,924 

88,436 

87,992 

92,633 

96,315 

87,275 

78,209 

79,413 

83,364 

89,600 

87,907 

93,904 

108,225 

17,672 

18,836 

17,873 

19,573 

23,476 

26,281 

26,923 

25,256 

29,589 

33,668 

34,830 

32,997 

36,249 

38,314 

38,815 

41,624 

44,713 

48,824 

58,135 

67,240 

72,917 

79,350 

90,214 

91,122 

88,805 

89,758 

94,273 

96,929 

84,343 

78,828 

80,494 

83,782 

89,137 

88,589 

98,122 

106,638 

16,963 

18,532 

18,404 

18,577 

22,216 

25,052 

27,165 

25,728 

27,705 

32,394 

34,939 

33,026 

34,739 

37,809 

38,541 

40,320 

43,168 

47,053 

54,749 

63,555 

71,104 

75,908 

86,507 

91,769 

88,966 

88,285 

92,665 

95,537 

90,220 

79,806 

79,196 

82,380 

87,497 

89,099 

92,139 

106,017 

102. Change in money supply M2 

[Percent] Average for period 

0.31 

0 

0 

.54 

.19 

.50 

.17 

.29 

.60 

0 

.19 

1.21 

.42 

.10 

.80 

.80 

.74 

.61 

.70 

.54 

.75 

.63 

.47 

-.29 

1.40 

1.19 

.55 

.61 

.90 

1.38 

1.03 

.50 

.59 

.98 

.85 

.31 

0.46 

-.39 

0 

.29 

.33 

.27 

.56 

.29 

-.12 

.20 

.38 

.82 

.52 

.30 

.54 

.85 

.76 

.53 

.65 

.58 

.93 

.51 

.44 

.37 

1.49 

1.13 

.20 

.75 

1.22 

.57 

.78 

.47 

1.20 

.72 

0.66 

-.20 

.15 

.54 

.19 

.31 

.26 

-.04 

.28 

.27 

.15 

.78 

.31 

.23 

.50 

.73 

.70 

.48 

.51 

.43 

.51 

.49 

.21 

.25 

1.46 

.69 

.44 

.19 

1.03 

1.03 

.91 

.52 

.74 

-.53 

.87 

.34 

0.45 

-.15 

.20 

.44 

.33 

.36 

.30 

.83 

.40 

-.04 

.30 

.62 

.76 

.30 

.75 

.55 

.75 

.65 

.39 

.19 

1.04 

.62 

.16 

.51 

1.22 

.65 

.87 

.27 

1.39 

1.30 

.87 

.69 

.63 

.76 

.43 

.84 

0.35 

0 

-.05 

.29 

.33 

.40 

.13 

.29 

0 

.23 

.11 

.91 

.62 

.47 

.62 

.52 

.64 

.69 

.69 

.23 

.97 

.67 

.35 

.55 

.90 

.92 

.92 

.50 

1.62 

.42 

.69 

.57 

1.08 

1.41 

.71 

.75 

0.15 

.15 

-.10 

.24 

.51 

.31 

.26 

.49 

.28 

.12 

.30 

.40 

.41 

.60 

.40 

.46 

.69 

.76 

.53 

.16 

.33 

.78 

1.15 

.35 

.27 

1.19 

.78 

.81 

.56 

.83 

1.39 

0.55 

.10 

-.15 

.24 

.42 

.44 

.21 

.53 

0 

0 

.26 

.65 

.41 

.89 

.61 

.57 

.68 

.80 

.65 

.36 

.89 

.71 

.10 

.85 

.82 

1.21 

.30 

.36 

.90 

1.31 

.85 

.77 

.92 

1.32 

1.23 

1.21 

0.50 

-.05 

-.05 

.05 

.70 

.61 

.13 

.16 

.28 

.43 

.08 

.29 

.10 

.52 

.61 

.57 

.63 

.82 

.83 

.61 

.74 

.76 

.36 

1.18 

.13 

.47 

.89 

1.05 

.79 

.94 

.78 

.89 

.59 

.70 

0.10 

-.05 

0 

.24 

.46 

.26 

.30 

.45 

.16 

.12 

.08 

.36 

-.07 

.32 

.49 

.65 

.60 

.53 

.71 

.06 

.68 

.72 

.22 

.77 

.78 

1.01 

.36 

.44 

.51 

1.24 

.66 

.56 

.25 

.63 

.69 

.66 

0.44 

-.15 

.05 

.24 

.78 

.48 

.17 

.41 

-.08 

.27 

.11 

.53 

.17 

.45 

.66 

.73 

.66 

.32 

.58 

1.02 

1.01 

.81 

.69 

1.11 

1.22 

.77 

.66 

.18 

.74 

.95 

.79 

0 

-.20 

.15 

.24 

.55 

.30 

.21 

.16 

.24 

.19 

0 

.21 

.24 

.45 

.63 

.81 

.43 

.62 

.75 

.61 

.69 

.78 

.48 

1.06 

.92 

1.12 

.78 

.34 

.79 

1.28 

.61 

.59 

.43 

-.02 

-0.05 

-.05 

.34 

.28 

.38 

.29 

.29 

.32 

.11 

.32 

.64 

.63 

.18 

.64 

.75 

.73 

.56 

.67 

.59 

.66 

.53 

.44 

.04 

1.29 

1.11 

.59 

.61 

.84 

1.10 

1.05 

.60 

.59 

.65 

.85 

.63 

0.49 

-.12 

.10 

.42 

.28 

.36 

.23 

.36 

.23 

.15 

.19 

.77 

.56 

.33 

.62 

.60 

.70 

.61 

.53 

.28 

.84 

.59 

.24 

.44 

1.19 

.75 

.74 

.32 

1.35 

.92 

.82 

.59 

.82 

.55 

.67 

.64 

0.40 

.07 

-.10 

.18 

.54 

.45 

.20 

.39 

.19 

.18 

.21 

.45 

.31 

.67 

.54 

.53 

.67 

.79 

.70 

.30 

.83 

.67 

.21 

.69 

.86 

1.18 

.26 

.37 

.99 

1.05 

.82 

.76 

.84 

1.20 

0.18 

-.13 

.07 

.24 

.60 

.35 

.23 

.34 

.11 

.19 

.06 

.37 

.11 

.41 

.59 

.73 

.61 

.62 

.71 

.33 

.65 

.79 

.46 

.90 

.91 

1.05 

.65 

.49 

.80 

1.25 

.68 

.60 

.29 

.45 

.81 

.73 

-0.06 

0 

.30 

.43 

.38 

.24 

.35 

.21 

.16 

.20 

.56 

.40 

.40 

.60 

.65 

.68 

.64 

.65 

.38 

.74 

.64 

.34 

.52 

1.06 

1.02 

.56 

.45 

.84 

.64 

.63 

.71 

.81 

.73 

See footnotes at end of this part. 97 

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Year 

1947 

1948 

1949 

1950 

1951 

1952 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

1947 

1948 

1949 

1950 

1951 

1952 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

1947 

1948 

1949 

1950 

1951 

1952 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

Jan. 

-0.13 

.16 

.08 

.95 

.46 

.23 

.45 

.39 

.47 

.08 

.84 

.31 

.57 

.67 

.60 

.48 

.59 

.67 

.44 

.64 

.40 

.08 

.88 

.93 

1.05 

.82 

.55 

.74 

.85 

.99 

.68 

.69 

1.07 

.85 

0.02 

.22 

.27 

.72 

.54 

.20 

.40 

.43 

.39 

.15 

.67 

.06 

.30 

.64 

.77 

.59 

.56 

.66 

.46 

.69 

.73 

.58 

.71 

.86 

1.20 

.74 

.50 

.86 

.96 

.99 

1.01 

.38 

.89 

.85 

209.7 

196.9 

190.5 

195.0 

189.1 

191.3 

196.7 

196.9 

204.5 

207.7 

203.5 

194.5 

201.6 

200.8 

199.4 

204.2 

205.7 

209.9 

217.1 

224.1 

220.4 

228.3 

235.5 

229.6 

228.6 

236.2 

249.0 

238.9 

221.8 

219.2 

223.0 

226.4 

221.9 

209.7 

199.9 

198.1 

Feb. 

0.04 

.13 

.41 

0 

.52 

.64 

.27 

.52 

.48 

.50 

.42 

.11 

.23 

.59 

.69 

.81 

.55 

.63 

.54 

.78 

.71 

.55 

.01 

.98 

1.13 

1.14 

1.16 

.72 

.97 

1.05 

.90 

.91 

1.15 

1.05 

.90 

0.01 

.25 

.20 

.75 

.53 

.24 

.41 

.42 

.44 

.22 

.61 

.13 

.41 

.65 

.78 

.54 

.56 

.64 

.56 

.70 

.62 

.39 

.80 

.94 

1.18 

.84 

.54 

.82 

.97 

.95 

.94 

.57 

.96 

.82 

208.7 

196.8 

191.2 

195.3 

186.3 

192.3 

196.9 

196.7 

205.3 

207.4 

202.4 

195.2 

202.4 

200.3 

200.1 

204.2 

206.3 

210.9 

217.3 

223.3 

221.5 

228.1 

235.2 

226.7 

229.8 

237.1 

247.9 

237.1 

221.2 

220.4 

222.7 

225.6 

220.6 

209.6 

199.9 

198.1 

Mar. 

-0.17 

.17 

.33 

.20 

.45 

.88 

.20 

.03 

.18 

.64 

.25 

.45 

.28 

.42 

.89 

.68 

.47 

.66 

.52 

.87 

.67 

.57 

.61 

1.08 

1.11 

1.08 

1.03 

.74 

.88 

.95 

.99 

1.16 

.70 

.66 

.92 

0.04 

.29 

.13 

.68 

.60 

.25 

.38 

.39 

.50 

.26 

.48 

.21 

.50 

.70 

.73 

.49 

.60 

.60 

.65 

.69 

.54 

.24 

.92 

1.02 

1.11 

.95 

.62 

.82 

.96 

.93 

.90 

.79 

.95 

.84 

206.2 

197.1 

191.3 

195.7 

186.8 

193.0 

197.6 

197.2 

205.0 

207.5 

202.1 

194.3 

203.1 

200.3 

200.6 

204.1 

206.5 

210.9 

217.9 

223.9 

223.7 

228.4 

234.3 

227.3 

231.4 

239.1 

245.6 

236.1 

222.0 

220.9 

223.1 

224.9 

220.1 

206.2 

200.5 

198.4 

Apr. May 

104. Change in 

0 

.25 

.57 

.28 

.19 

.80 

.03 

.61 

0 

.29 

.20 

.35 

.15 

.51 

.73 

.53 

.47 

.58 

.64 

.33 

.54 

.38 

.56 

.77 

.79 

.76 

.77 

.52 

.89 

.85 

.91 

.94 

.25 

.46 

.65 

-0.13 

.29 

.36 

.32 

.37 

.59 

.47 

.89 

.21 

.32 

.31 

.79 

.10 

.66 

.52 

.73 

.70 

.54 

.35 

.67 

.67 

.08 

.39 

.67 

.75 

1.01 

.78 

.98 

.94 

1.01 

1.12 

1.08 

.72 

1.00 

1.00 

Monthly 

June July 

total iquid assets, monthly data 

[Percent] 

0.08 

.17 

.36 

.51 

.59 

.45 

.13 

.57 

.21 

.26 

.39 

.71 

.46 

.53 

.63 

.54 

.75 

.79 

.30 

.74 

.80 

.34 

.53 

.88 

1.03 

1.14 

.90 

1.08 

.68 

.98 

.86 

1.53 

.75 

1.19 

1.08 

0.17 

.17 

.28 

.51 

.55 

.68 

.30 

.72 

.03 

.43 

.11 

.63 

.48 

.48 

.38 

.52 

.50 

.73 

.07 

.64 

.84 

-.07 

.81 

1.04 

1.00 

.89 

.59 

.82 

.87 

1.06 

.90 

.95 

.81 

.97 

1.13 

104. Change in total iquid assets, smoothed data3 

0.12 

.37 

.13 

.51 

.72 

.20 

.36 

.28 

.51 

.27 

.38 

.25 

.52 

.76 

.68 

.50 

.63 

.57 

.68 

.66 

.50 

.31 

.96 

1.03 

1.04 

1.00 

.66 

.89 

.95 

.95 

.96 

.77 

.82 

.86 

207.8 

193.9 

191.3 

196.8 

187.0 

192.8 

197.7 

196.8 

205.4 

207.7 

201.5 

194.7 

202.9 

199.0 

201.0 

204.5 

207.5 

211.2 

218.1 

224.8 

222.5 

229.2 

233.9 

227.6 

232.3 

240.1 

244.7 

234.9 

220.6 

221.7 

223.2 

225.3 

220.3 

200.3 

202.1 

198.2 

-0.07 

.21 

.43 

.21 

.36 

.77 

.20 

.45 

.18 

.45 

.27 

.42 

.20 

.52 

.74 

.66 

.52 

.61 

.54 

.64 

.63 

.42 

.46 

.89 

.95 

.97 

.92 

.70 

.91 

.94 

.97 

1.03 

.63 

.72 

.84 

[Percent] 

-0.06 

.24 

.42 

.32 

.36 

.68 

.22 

.60 

.14 

.35 

.28 

.57 

.21 

.55 

.67 

*.62 

.59 

.62 

.47 

.60 

.65 

.30 

.51 

.81 

.87 

.96 

.84 

.80 

.87 

.94 

.99 

1.12 

.57 

.80 

.88 

0.01 

.22 

.38 

.41 

.44 

.59 

.26 

.71 

.15 

.31 

.28 

.66 

.29 

.56 

.57 

.60 

.64 

.66 

.34 

.63 

.72 

.19 

.54 

.82 

.89 

.99 

.79 

.91 

.83 

.98 

.96 

1.18 

.67 

.97 

.99 

105. Money supply Ml in 1972 dolars 

[BKons of dolars] 

209.1 

192.0 

191.7 

196.8 

187.0 

193.4 

197.8 

198.0 

206.7 

206.5 

201.2 

195.4 

204.0 

199.0 

201.7 

205.0 

208.1 

211.9 

217.0 

223.7 

224.0 

230.2 

233.3 

227.0 

233.3 

239.9 

245.5 

233.1 

222.3 

222.5 

222.8 

225.8 

218.7 

199.3 

200.4 

197.6 

208.8 

190.6 

191.3 

196.5 

188.1 

193.8 

197.3 

198.3 

206.8 

206.0 

200.3 

196.8 

204.1 

198.8 

202.0 

204.9 

207.6 

212.0 

216.9 

223.8 

224.8 

230.8 

232.5 

226.5 

233.7 

240.2 

246.1 

232.2 

223.9 

221.5 

222.6 

225.4 

219.2 

199.9 

198.9 

195.9 

207.5 

189.0 

192.9 

196.0 

189.1 

193.2 

197.4 

199.4 

207.1 

204.9 

199.8 

197.0 

204.8 

200.0 

201.5 

204.7 

208.2 

213.6 

218.1 

221.8 

225.5 

231.0 

231.9 

226.2 

234.0 

241.3 

246.3 

230.9 

222.0 

220.8 

223.2 

224.9 

219.0 

202.3 

197.6 

195.2 

Aug. 

0.17 

.12 

.08 

.39 

.58 

.44 

.46 

.50 

.30 

.34 

.64 

.54 

.45 

.45 

.62 

.86 

.52 

.64 

.27 

.87 

.89 

.03 

.83 

.66 

1.14 

.98 

.64 

.71 

1.00 

1.10 

1.06 

.95 

1.25 

1.36 

.91 

0.09 

.18 

.29 

.46 

.54 

.55 

.30 

.66 

.16 

.34 

.32 

.67 

.40 

.52 

.53 

.62 

.62 

.70 

.23 

.72 

.81 

.11 

.65 

.86 

.99 

1.01 

.73 

.91 

.84 

1.03 

.95 

1.17 

.85 

1.11 

1.06 

206.7 

189.0 

192.6 

195.5 

190.2 

193.8 

197.1 

200.1 

207.4 

204.4 

199.3 

197.8 

204.8 

201.2 

202.3 

204.3 

208.5 

214.9 

219.1 

221.0 

226.6 

231.7 

230.8 

227.5 

234.4 

243.0 

242.2 

228.8 

222.3 

221.3 

223.5 

224.6 

218.0 

204.4 

196.8 

196.3 

Sept. 

0.13 

.08 

.04 

.62 

.54 

.14 

.36 

.74 

.45 

.14 

.50 

.15 

.55 

.45 

.60 

.79 

.91 

.72 

.55 

.79 

.85 

.52 

.69 

.71 

1.11 

.89 

.72 

.95 

.60 

.92 

.96 

1.12 

.74 

.94 

.60 

0.15 

.14 

.19 

.49 

.56 

.47 

.34 

.62 

.22 

.32 

.40 

.53 

.48 

.47 

.54 

.68 

.62 

.71 

.26 

.76 

.85 

.13 

.75 

.83 

1.07 

.96 

.68 

.85 

.84 

1.04 

.96 

1.08 

.94 

1.13 

.96 

203.4 

189.4 

191.9 

194.8 

190.4 

195.2 

196.6 

200.8 

206.8 

204.9 

198.7 

198.3 

203.0 

201.0 

202.4 

203.1 

208.9 

215.7 

220.2 

222.0 

226.8 

232.0 

230.1 

228.1 

234.7 

244.1 

241.6 

226.7 

221.5 

220.5 

224.1 

224.9 

216.8 

205.2 

194.7 

198.2 

Oct. 

0.04 

.21 

.28 

.62 

.54 

.10 

.49 

.55 

.27 

.03 

.52 

0 

.27 

.57 

.35 

.42 

.60 

.66 

.18 

.63 

.83 

.28 

.68 

.72 

1.00 

.57 

.44 

.67" 

.83 

.99 

.71 

.55 

.63 

.93 

.90 

0.14 

.13 

.13 

.52 

.56 

.32 

.40 

.63 

.30 

.24 

.49 

.34 

.46 

.48 

.53 

.71 

.66 

.68 

.32 

.77 

.86 

.22 

.76 

.75 

1.08 

.87 

.62 

.80 

.82 

1.02 

.94 

.94 

.90 

1.08 

.84 

202.7 

189.6 

192.7 

194.2 

190.2 

195.3 

196.3 

202.4 

207.2 

203.8 

198.3 

199.2 

201.6 

199.7 

203.0 

203.9 

209.6 

216.2 

221.6 

220.1 

227.8 

232.5 

230.2 

227.7 

234.8 

245.2 

240.4 

225.5 

219.5 

221.5 

224.9 

223.5 

214.8 

204.7 

193.9 

199.7 

Nov. 

0.04 

.17 

.24 

.69 

.61 

.13 

.42 

.40 

.38 

.06 

.79 

.13 

.22 

.71 

.96 

.91 

.60 

.68 

.46 

.68 

.81 

.94 

.62 

.86 

1.37 

.81 

.56 

1.28 

1.05 

1.16 

1.29 

.15 

1.04 

1.02 

.57 

0.09 

.15 

.16 

.59 

.56 

.18 

.43 

.58 

.35 

.12 

.58 

.16 

.38 

.53 

.58 

.70 

.69 

.68 

.36 

.73 

.84 

.43 

.70 

.73 

1.12 

.78 

.59 

.87 

.82 

1.01 

.95 

.74 

.84 

1.02 

.75 

202.0 

190.2 

192.6 

193.6 

190.6 

196.0 

197.0 

203.0 

206.4 

204.1 

197.3 

200.1 

201.5 

199.2 

203.8 

204.6 

210.7 

216.5 

222.0 

220.2 

227.6 

233.8 

229.6 

227.8 

234.8 

245.6 

240.3 

224.8 

220.3 

221.4 

224.8 

223.1 

212.4 

203.3 

194.2 

201.9 

Dec. 

0.08 

.29 

.40 

.69 

.50 

.30 

.32 

.43 

.41 

.34 

.54 

-.10 

.25 

.58 

.87 

.42 

.48 

.64 

.61 

.76 

.77 

.62 

.73 

.89 

1.22 

.72 

.43 

.59 

1.00 

.82 

1.04 

.37 

.78 

.64 

.50 

0.06 

.19 

.25 

.66 

.56 

.15 

.42 

.51 

.36 

.11 

.61 

.05 

.30 

.60 

.68 

.64 

.63 

.67 

.41 

.70 

.82 

.60 

.67 

.79 

1.18 

.73 

.53 

.91 

.89 

1.01 

1.00 

.48 

.81 

.91 

.67 

198.7 

190.7 

193.7 

191.2 

190.6 

196.1 

197.0 

203.4 

207.0 

203.7 

196.3 

200.3 

200.6 

198.9 

204.2 

205.4 

209.6 

216.6 

222.6 

220.8 

228.0 

234.6 

228.4 

227.8 

234.6 

247.7 

240.3 

223.5 

218.9 

222.5 

225.3 

223.6 

211.3 

200.1 

195.5 

204.3 

10 

0.06 

.30 

.09 

.64 

.66 

•23 

.33 

.35 

.54 

.25 

.47 

.27 

.53 

.75 

.70 

.50 

.63 

.58 

.70 

.67 

.51 

.23 

.98 

1.06 

1.09 

1.00 

.67 

.86 

.95 

.96 

.92 

.85 

.93 

.89 

0.02 

.25 

.20 

.72 

.56 

.23 

.40 

.41 

.44 

.21 

.59 

.13 

.40 

.66 

.76 

.54 

.57 

.63 

.56 

.69 

.63 

.40 

.81 

.94 

1.16 

.84 

.55 

.83 

.96 

.96 

.95 

.58 

.93 

.84 

208.2 

196.9 

191.0 

195.3 

187.4 

192.2 

197.1 

196.9 

204.9 

207.5 

202.7 

194.7 

202.4 

200.5 

200.0 

204.2 

206.2 

210.6 

217.4 

223.8 

221.9 

228.3 

235.0 

227.9 

229.9 

237.5 

247.5 

237.4 

221.7 

220.2 

222.9 

225.6 

220.9 

208.5 

200.1 

198.2 

Quarterly 

IIQ 

-0.02 

.24 

.43 

.37 

.38 

.61 

.21 

.69 

.14 

.29 

.30 

.62 

.24 

.57 

.63 

.60 

.64 

.64 

.43 

.58 

.67 

.27 

.49 

.77 

.86 

.97 

.82 

.86 

.84 

.95 

.96 

1.18 

.57 

.88 

.91 

0.19 

.41 

.22 

.41 

.72 

.21 

.47 

.20 

.44 

.27 

.46 

.22 

.53 

.72 

.65 

.54 

.62 

.53 

.64 

.65 

.41 

.43 

.89 

.95 

.99 

.92 

.72 

.89 

.94 

.97 

1.04 

.66 

.78 

.86 

208.6 

192.2 

191.4 

196.7 

187.4 

193.3 

197.6 

197.7 

206.3 

206.7 

201.0 

195.6 

203.7 

198.9 

201.6 

204.8 

207.7 

211.7 

217.3 

224.1 

223.8 

230.1 

233.2 

227.0 

233.1 

240.1 

245.4 

233.4 

222.3 

221.9 

222.9 

225.5 

219.4 

199.8 

200.5 

197.2 

IIIQ 

Average for period 

0.16 

.12 

.13 

.51 

.56 

.42 

.37 

.65 

.26 

.30 

.42 

.44 

.49 

.46 

.53 

.72 

.64 

.70 

.30 

.77 

.86 

.16 

.78 

.80 

1.08 

.92 

.65 

.83 

.82 

1.03 

.97 

1.01 

.93 

1.09 

.88 

Average for period 

0.08 

.18 

.29 

.45 

.51 

.54 

.30 

.66 

.18 

.32 

.33 

.62 

.39 

.52 

.55 

.63 

.63 

.69 

.28 

.70 

.79 

.14 

.65 

.84 

.98 

.99 

.73 

.89 

.84 

1.02 

.96 

1.14 

.82 

1.07 

1.00 

IV Q 

0.05 

.22 

.31 

.67 

.55 

.18 

.41 

.46 

.35 

.14 

.62 

.01 

.25 

.62 

.73 

.58 

.56 

.66 

.42 

.69 

.80 

.61 

.68 

.82 

1.29 * 

.70 

.48 

.85 

.96 

.99 

1.01 

.36 

.82 

.86 

.66 

0.10 

.16 

.18 

.59 

.56 

.22 

.42 

.57 

.34 

.16 

.56 

.18 

.38 

.54 

.60 

.68 

.66 

.68 

.36 

.73 

.84 

.42 

.71 

.76 

1.13 

.79 

.58 

.86 

.84 

1.01 

.96 

.72 

.85 

1.00 

.75 

Average for period 

205.9 

189.1 

192.5 

195.4 

189.9 

194.1 

197.0 

200.1 

207.1 

204.7 

199.3 

197.7 

204.2 

200.7 

202.1 

204.0 

208.5 

214.7 

219.1 

221.6 

226.3 

231.6 

230.9 

227.3 

234.4 

242.8 

243.4 

228.8 

221.9 

220.9 

223.6 

224.8 

217.9 

204.0 

196.4 

196.6 

201.1 

190.2 

193.0 

193.0 

190.5 

195.8 

196.8 

202.9 

206.9 

203.9 

197.3 

199.9 

201.2 

199.3 

203.7 

204.6 

210.0 

216.4 

222.1 

220.4 

227.8 

233.6 

229.4 

227.8 

234.7 

246.2 

240.3 

224.6 

219.6 

221.8 

225.0 

223.4 

212.8 

202.7 

194.5 

202.0 

Annual 

0.16 

.29 

.41 

.53 

.47 

.31 

.53 

.28 

.32 

.40 

.38 

.31 

.54 

.66 

.65 

.59 

.66 

.43 

.68 

.75 

.39 

.54 

.84 

1.05 

.92 

.74 

.80 

.87 

.98 

.98 

.87 

.79 

.94 

.83 

0.14 

.28 

.37 

.55 

.51 

.29 

.53 

.28 

.34 

.34 

.46 

.28 

.50 

.63 

.68 

.59 

.64 

.45 

.66 

.74 

.40 

.55 

.82 

1.00 

.98 

.77 

.76 

.85 

.98 

.96 

.96 

.73 

.95 

.86 

205.9 

192.1 

192.0 

195.1 

188.8 

193.8 

197.1 

199.4 

206.3 

205.7 

200.1 

197.0 

202.9 

199.8 

201.8 

204.4 

208.1 

213.4 

219.0 

222.5 

224.9 

230.9 

232.1 

227.5 

233.0 

241.6 

244.2 

231.0 

221.4 

221.2 

223.6 

224.8 

217.8 

203.8 

197.9 

198.5 

98 

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Year 

Monthly Quarterly 

Jan. Feb. Mar. Apr. May June My 

106. Money supply M2 in 1972 doiiars 

[BUons of dollars] 

Aug. Sept. Oct. Itov. Dec. J1__M_ 

IV Q Annual 

Average for period 

1947 382.0 

1948 361.4 

1949 352.7 

1950 361.6 

1951 347.5 

1952 350.9 

1953 364.1 

1954 370.8 

1955 389.9 

1956 397.3 

1957 393.7 

1958 387.4 

1959 413.1 

1960 424.7 

1961 440.4 

1962 470.1 

1963 501.8 

1964 534.4 

1965 571.8 

1966 606.3 

1967 611.4 

1968 647.0 

1969 667.9 

1970 651.8 

1971 665.3 

1972 730.4 

1973 7^6.5 

1974 773.9 

1975 729.3 

1976 774.2 

1977 838.2 

1978 864.6 

1979 850.7 

1980 806.2 

1981 785.9 

1982 800.9 

1947 0.954 

1948 983 

1949 1.027 

1950 1.065 

1951 1.157 

1952 1.177 

1953 1.218 

1954 1.203 

1955 1.194 

1956 1.266 

1957 1.317 

1958 1.334 

1959 1.304 

1960 1.333 

1961 1.294 

1962 1.278 

1963 1.254 

1964 1.223 

1965 1.220 

1966 1.226 

1967 1.274 

1968 1.245 

1969 1.271 

1970 1.327 

1971 1.326 

1972 1.264 

1973 1.243 

1974 1.292 

1975 1.325 

1976 1.295 

1977 1.241 

1978 1.257 

1979 1.330 

1980 1.382 

1981 1.414 

1982 1.391 

1947 T50~ 

1948 1.75 

1949 2.00 

1950 2.00 

1951 2.44 

1952 3.00 

1953 3.00 

1954 3.25 

1955 3.00 

1956 3.50 

1957 4.00 

1958 4.34 

1959 4.00 

1960 5.00 

1961 4.50 

1962 4.50 

1963 4.50 

1964 4.50 

1965 4.50 

1966 5.00 

1967 5.96 

1968 6.00 

1969 6.95 

1970 8.50 

1971 6.29 

1972 5.18 

1973 6.00 

1974 9.73 

1975 10.05 

1976 7.00 

1977 6.25 

1978 7.93 

1979 11.75 

1980 15.25 

1981 20.16 

1982 15.75 

381.0 

361.7 

354.0 

362.0 

341.9 

353.0 

365.2 

371.3 

391.5 

396.7 

392.7 

391.4 

415.1 

424.4 

443.6 

472.5 

504.9 

538.2 

575.7 

605.6 

614.7 

648.5 

668.0 

646.5 

673.5 

736.2 

795.9 

769.3 

732.1 

784.0 

839.1 

864.8 

847.1 

805.1 

786.5 

802.8 

376.1 

362.8 

354.2 

362.6 

342.5 

354.6 

366.7 

373.0 

391.2 

397.2 

393.3 

392.0 

417.4 

425.8 

446.2 

475.5 

508.2 

540.5 

579.0 

607.6 

620.4 

649.9 

665.9 

646.1 

682.5 

743.8 

790.7 

767.4 

738.2 

789.4 

843.0 

863.8 

845.6 

797.2 

789.7 

378.6 

357.2 

354.4 

364.3 

342.8 

354.5 

367.1 

373.8 

392.3 

397.7 

392.6 

394.4 

418.6 

424.8 

448.8 

478.3 

512.2 

542.8 

580.3 

608.0 

622.3 

651.2 

664.2 

644.3 

690.1 

747.8 

788.7 

764.7 

743.0 

795.7 

845.0 

861.5 

843.7 

785.7 

793.2 

809.7 

380.8 

353.8 

355.3 

364.1 

342.8 

355.6 

367.7 

375.9 

394.2 

395.9 

393.0 

396.7 

421.1 

425.7 

451.8 

480.6 

515.6 

545.9 

581.0 

608.0 

627.5 

653.3 

663.4 

644.8 

695.6 

750.8 

790.7 

758.9 

751.0 

802.7 

848.6 

860.2 

839.5 

784.0 

789.8 

808.2 

380.0 

351.6 

355.0 

363.5 

344.7 

356.4 

367.2 

377.0 

394.9 

395.2 

391.9 

400.6 

422.4 

427.4 

454.6 

483.9 

517.3 

549.1 

582.7 

608.5 

631.0 

654.5 

661.5 

646.1 

698.4 

755.9 

793.7 

756.4 

758.0 

802.3 

850.2 

858.0 

839.8 

787.0 

789.3 

805.6 

378.0 

348.5 

357.9 

361.7 

346.8 

355.5 

368.2 

379.8 

395.5 

393.6 

391.9 

402.5 

423.8 

430.5 

455.0 

485.6 

519.4 

553.1 

586.4 

606.8 

634.5 

654.8 

659.5 

646.1 

701.5 

762.2 

795.3 

752.8 

759.4 

803.8 

852.8 

856.2 

837.5 

797.3 

787.1 

807.9 

377.1 

348.5 

357.4 

360.4 

348.9 

357.0 

368.0 

382.0 

396.0 

393.4 

391-.7 

404.7 

425.2 

433.7 

457.6 

487.5 

522.1 

557.4 

590.9 

605.4 

637.6 

657.0 

657.2 

649.3 

705.6 

769.6 

783.5 

746.5 

763.8 

810.5 

856.8 

857.6 

836.4 

802.0 

790.1 

815.2 

371.7 

349.4 

356.4 

358.6 

349.2 

359.8 

367.9 

383.4 

395.4 

394.6 

391.6 

406.0 

424.4 

435.7 

459.8 

488.0 

525.7 

561.0 

594.6 

607.6 

639.8 

659.5 

656.0 

651.8 

711.3 

775.5 

782.2 

740.6 

765.4 

814.3 

859.8 

858.2 

833.9 

801.7 

786.7 

820.1 

371.1 

350.0 

357.9 

357.2 

348.7 

360.1 

368.2 

386.3 

396.1 

392.7 

392.0 

407.6 

422.9 

435.2 

462.1 

491.8 

528.4 

563.2 

598.2 

605.6 

642.8 

661.1 

655.1 

653.5 

715.6 

780.9 

778.0 

736.9 

764.2 

820.5 

861.7 

855.3 

827.0 

798.2 

789.3 

822.1 

370.0 

351.6 

357.4 

356.3 

349.6 

361.9 

370.0 

387.2 

395.2 

393.5 

391.0 

409.2 

423.3 

436.5 

465.0 

495.1 

531.8 

565.9 

600.6 

607.3 

644.0 

664.3 

655.9 

657.0 

721.2 

785.7 

778.1 

735.3 

767.5 

827.2 

862.8 

854.6 

819.1 

795.9 

793.1 

828.6 

364.7 

352.8 

359.4 

351.8 

349.5 

362.7 

370.6 

388.0 

396.4 

392.6 

390.3 

409.9 

423.7 

438.0 

467.5 

499.4 

532.6 

568.5 

602.9 

610.3 

646.5 

666.9 

655.0 

660.6 

724.9 

792.0 

778.6 

731.7 

769.4 

834.0 

863.8 

854.9 

813.3 

787.8 

796.4 

837.1 

379.7 

362.0 

353.6 

362.1 

344.0 

352.8 

365.3 

371.7 

390.9 

397.1 

393.2 

390.3 

415.2 

425.0 

443.4 

472.7 

505.0 

537.7 

575.5 

606.5 

615.5 

648.5 

667.3 

648.1 

673.8 

736.8 

794.4 

770.2 

733.2 

782.5 

840.1 

864.4 

847.8 

802.8 

787.4 

804.2 

379.8 

354.2 

354.9 

364.0 

343.4 

355.5 

367.3 

375.6 

393.8 

396.3 

392.5 

397.2 

420.7 

426.0 

451.7 

480.9 

515.0 

545.9 

581.3 

608.2 

626.9 

653.0 

663.0 

645.1 

694.7 

751.5 

791.0 

760.0 

750.7 

800.2 

847.9 

859.9 

841.0 

785.6 

790.8 

807.8 

375.6 

348.8 

357.2 

360.2 

348.3 

357.4 

368.0 

381.7 

395.6 

393.9 

391.7 

404.4 

424.5 

433.3 

457.5 

487.0 

522.4 

557.2 

590.6 

606.6 

637.3 

657.1 

657.6 

649.1 

706.1 

769.1 

787.0 

746.6 

762.9 

809.5 

856.5 

857.3 

835.9 

800.3 

788.0 

814.4 

368.6 

351.5 

358.2 

355.1 

349.3 

361.6 

369.6 

387.2 

395.9 

392.9 

391.1 

408.9 

423.3 

436.6 

464.9 

495.4 

530.9 

565.9 

600.6 

607.7 

644.4 

664.1 

655.3 

657.0 

720.6 

786.2 

778.2 

734.6 

767.0 

827.2 

862.8 

854.9 

819.8 

794.0 

792.9 

829.3 

375.9 

354.1 

356.0 

360.3 

346.2 

356.8 

367.6 

379.0 

394.0 

395.0 

392.1 

400.2 

420.9 

430.2 

454.4 

484.0 

518.3 

551.7 

587.0 

607.2 

631.0 

655.7 

660.8 

649.8 

698.8 

760.9 

787.7 

752.9 

753.4 

804.9 

851.8 

859.1 

836.1 

795.7 

789.8 

813.9 

108. Ratio, personal income to money supply M2 

[Ratio] Aver ate for period 

0.949 

.981 

1.023 

1.074 

1.168 

1.188 

1.224 

1.204 

1.194 

1.273 

1.327 

1.316 

1.306 

1.332 

1.291 

1.277 

1.239 

1.221 

1.213 

1.231 

1.266 

1.251 

1.276 

1.339 

1.312 

1.265 

1.254 

1.292 

1.319 

1.289 

1.243 

1.261 

1.334 

1.375 

1.414 

1.393 

0.943 

1.002 

1.028 

1.096 

1.176 

1.188 

1.229 

1.196 

1.205 

1.276 

1.327 

1.313 

1.309 

1.329 

1.288 

1.277 

1.234 

1.221 

1.211 

1.232 

1.263 

1.259 

1.282 

1.343 

1.303 

1.259 

1.263 

1.290 

1.309 

1.283 

1.244 

1.270 

1.339 

1.380 

1.412 

1.387 

0.924 

1.009 

1.022 

1.067 

1.187 

1.182 

1.227 

1.191 

1.213 

1.285 

1.327 

1.299 

1.317 

1.338 

1.284 

1.275 

1.230 

1.224 

1.214 

1.232 

1.259 

1.262 

1.289 

1.372 

1.290 

1.258 

1.266 

1.300 

1.305 

1.279 

1.241 

1.281 

1.336 

1.388 

1.408 

1.389 

0.921 

1.017 

1.018 

1.065 

1.190 

1.191 

1.229 

1.185 

1.219 

1.287 

1.329 

1.295 

1.316 

1.339 

1.284 

1.271 

1.228 

1.225 

1.221 

1.235 

1.252 

1.267 

1.296 

1.358 

1.282 

1.258 

1.264 

1.313 

1.302 

1.271 

1.239 

1.283 

1.337 

1.383 

1.411 

1.388 

0.932 

1.038 

1.008 

1.067 

1.195 

1.193 

1.233 

1.182 

1.223 

1.292 

1.338 

1.290 

1.316 

1.334 

1.289 

1.269 

1.229 

1.223 

1.222 

1.242 

1.248 

1.269 

1.300 

1.352 

1.300 

1.236 

1.263 

1.320 

1.312 

1.270 

1.241 

1.290 

1.334 

1.372 

1.417 

1.380 

0.932 

1.040 

1.002 

1.085 

1.186 

1.185 

1.227 

1.179 

1.238 

1.287 

1.340 

1.309 

1.313 

1.327 

1.289 

1.268 

1.224 

1.220 

1.221 

1.251 

1.247 

1.274 

1.310 

1.356 

1276 

1.244 

1.270 

1.331 

1.294 

1.273 

1.248 

1.302 

1.346 

1.376 

1.432 

1.377 

0.930 

1.051 

1.012 

1.104 

1.195 

1.213 

1.222 

1.179 

1.240 

1.305 

1.342 

1.300 

1.298 

1.317 

1.282 

1.264 

1.221 

1.220 

1.217 

1.257 

1.245 

1.275 

1.319 

1.352 

1.275 

1.243 

1.277 

1.331 

1.299 

1.266 

1.247 

1.304 

1.346 

1.370 

1.432 

1.359 

0.999 

1.053 

1.028 

1.113 

1,189 

1.218 

1.220 

1.184 

1.245 

1.309 

1.337 

1.303 

1.300 

1.312 

1.278 

1.263 

1.221 

1.217 

1.240 

1.260 

1.240 

1.274 

1.322 

1.349 

1.267 

1.235 

1.289 

1.333 

1.297 

1.261 

1.250 

1.304 

1.345 

1.373 

1.435 

1.355 

0.959 

1.058 

1.010 

1.125 

1.197 

1.219 

1.225 

1.186 

1.250 

1.321 

1.336 

1.301 

1.303 

1.312 

1.283 

1.258 

1.222 

1.212 

1.225 

1.266 

1.235 

1.274 

1.325 

1.336 

1.262 

1.246 

1.296 

1.339 

1.302 

1.254 

1.256 

1.313 

1.355 

1.384 

1.425 

1.357 

0.958 

1.053 

1.022 

1.133 

1.192 

1.211 

1.215 

1.192 

1.260 

1.317 

1.335 

1.310 

1.315 

1.305 

1.286 

1.255 

1.215 

1.212 

1.228 

1.271 

1.240 

1.273 

1.321 

1.328 

1.258 

1.251 

1.299 

1.330 

1.296 

1.254 

1.258 

1.318 

1.364 

1.389 

1.415 

1.354 

0.970 

1.042 

1.026 

1.156 

1.190 

1.216 

1.209 

1.194 

1.265 

1.322 

1.332 

1.313 

1.330 

1.291 

1.286 

1.251 

1.222 

1.218 

1.229 

1.267 

1.245 

1.271 

1.325 

1.324 

1.263 

1.247 

1.296 

* 1.332 

1.292 

1.248 

1.263 

1.328 

1.370 

1.405 

1.403 

1.350 

0.949 

.989 

1.026 

1.078 

1.167 

1.184 

1.224 

1.201 

1.198 

1.272 

1.324 

1.321 

1.306 

1.331 

1.291 

1.277 

1.242 

1.222 

1.215 

1.230 

1.268 

1.252 

1.276 

1.336 

1.314 

1.263 

1.253 

1.291 

1.318 

1.289 

1.243 

1.263 

1.334 

1.379 

1.413 

1.390 

0.926 

1.021 

1.016 

1.066 

1.191 

1.189 

1.230 

1.186 

1.218 

1.288 

1.331 

1.295 

1.316 

1.337 

1.286 

1.272 

1.229 

1.224 

1.219 

1.236 

1.253 

1.266 

1.295 

1.361 

1.291 

1.251 

1.264 

1.311 

1.306 

1.273 

1.240 

1.285 

1.336 

1.381 

1.412 

1.386 

0.954 

1.048 

1.014 

1.101 

1.190 

1.205 

1.223 

1.181 

1.241 

1.300 

1.340 

1.304 

1.304 

1.319 

1.283 

1.265 

1.222 

1.219 

1.226 

1.256 

1.244 

1.274 

1.317 

1.352 

1.273 

1.241 

1.279 

1.332 

1.297 

1.267 

1.248 

1.303 

1.346 

1.373 

1.433 

1.364 

0.962 

1.051 

1.019 

1.138 

1.193 

1.215 

1.216 

1.191 

1.258 

1.320 

1.334 

1.308 

1.316 

1.303 

1.285 

1.255 

1.220 

1.214 

1.227 

1.268 

1.240 

1.273 

1.324 

1.329 

1.261 

1.248 

1.297 

1.334 

1.297 

1.252 

1.259 

1.320 

1.363 

1.393 

1.414 

1.354 

0.948 

1.027 

1.019 

1.096 

1.185 

1.198 

1.223 

1.190 

1.229 

1.295 

1.332 

1.307 

1.311 

1.322 

1.286 

1.267 

1.228 

1.220 

1.222 

1.248 

1.251 

1.266 

1.303 

1.345 

1.284 

1.250 

1.273 

1.317 

1.304 

1.270 

1.248 

1.293 

1.345 

1.381 

1.418 

1.373 

109. Average prime rate charged by banks ( 

[Percent] Average for period 

1.50 

1.75 

2.00 

2.00 

2.50 

3.00 

3.00 

3.25 

3.00 

3.50 

4.00 

4.00 

4.00 

5.00 

4.50 

4.50 

4.50 

4.50 

4.50 

5.00 

5.75 

6.00 

7.00 

' 8.50 

5.88 

4.75 

6.02 

9.21 

8.96 

6.75 

6.25 

8.00 

11.75 

15.63 

19.43 

16.56 

1.50 

1.75 

2.00 

2.00 

2.50 

3.00 

3.00 

3.13 

3.00 

3.50 

4.00 

4.00 

4.00 

5.00 

4.50 

4.50 

4.50 

4.50 

4.50 

5.35 

5.71 

6.00 

7.24 

8.39 

5.48 

4.75 

6.30 

8.83 

7.93 

6.75 

6.25 

8.00 

11.75 

18.31 

18.05 

16.50 

1.50 

1.75 

2.00 

2.00 

2.50 

3.00 

3.03 

3.00 

3.00 

3.65 

4.00 

3.83 

4.00 

5.00 

4.50 

4.50 

4.50 

4.50 

4.50 

5.50 

5.50 

6.20 

7.50 

8.00 

5.25 

4.98 

6.60 

10.02 

7.50 

6.75 

6.25 

8.00 

11.75 

19.77 

17.15 

16.50 

1.50 

1.75 

2.00 

2.00 

2.50 

3.00 

3.25 

3.00 

3.00 

3.75 

4.00 

3.50 

4.23 

5.00 

4.50 

4.50 

4.50 

4.50 

4.50 

5.50 

5.50 

6.50 

7.50 

8.00 

5.42 

5.00 

7.01 

11.25 

7.40 

6.75 

6.41 

8.27 

11.75 

16.57 

19.61 

16.50 

1.50 

1.75 

2.00 

2.00 

2.50 

3.00 

3.25 

3.00 

3.00 

3.75 

4.00 

3.50 

4.50 

5.00 

4.50 

4.50 

4.50 

4.50 

4.50 

5.52 

5.50 

6.50 

8.23 

8.00 

5.50 

5.04 

7.49 

11.54 

7.07 

7.20 

6.75 

8.63 

11.65 

12.63 

20.03 

16.50 

1.50 

1.75 

2.00 

2.00 

2.50 

3.00 

3.25 

3.00 

3.00 

3.75 

4.00 

3.50 

4.50 

5.00 

4.50 

4.50 

4.50 

4.50 

4.50 

5.75 

5.50 

6.50 

8.50 

8.00 

5.90 

5.25 

8.30 

11.98 

7.15 

7.25 

6.75 

9.00 

11.54 

11.48 

20.39 

16.26 

1.50 

2.00 

2.00 

2.00 

2.50 

3.00 

3.25 

3.00 

3.23 

3.84 

4.42 

3.50 

4.50 

4.85 

4.50 

4.50 

4.50 

4.50 

4.50 

5.88 

5.50 

6.50 

8.50 

8.00 

6.00 

5.27 

9.23 

12.00 

7.66 

7.01 

6.83 

9.01 

11.91 

11.12 

20.50 

14.39 

1.50 

2.00 

2.00 

2.08 

2.50 

3.00 

3.25 

3.00 

3.25 

4.00 

4.50 

3.83 

5.00 

4.50 

4.50 

4.50 

4.50 

4.50 

4.50 

6.00 

5.50 

6.40 

8.50 

7.83 

6.00 

5.50 

9.86 

12.00 

7.88 

7.00 

7.13 

9.41 

12.90 

12.23 

20.08 

13.50 

1.50 

2.00 

2.00 

2.25 

2.62 

3.00 

3.25 

3.00 

3.40 

4.00 

4.50 

4.00 

5.00 

4.50 

4.50 

4.50 

4.50 

4.50 

4.50 

6.00 

5.50 

6.00 

8.50 

7.50 

5.91 

5.73 

9.94 

11.68 

7.96 

6.78 

7.52 

9.94 

14.39 

13.79 

18.45 

12.52 

1.50 

2.00 

2.00 

2.25 

2.75 

3.00 

3.25 

3.00 

3.50 

4.00 

4.50 

4.00 

5.00 

4.50 

4.50 

4.50 

4.50 

4.50 

4.50 

6.00 

5.68 

6.20 

8.50 

7.28 

5.47 

5.75 

9.75 

10.83 

7.53 

6.50 

7.75 

10.94 

15.55 

16.06 

16.84 

11.85 

1.75 

2.00 

2.00 

2.25 

2.85 

3.00 

3.25 

3.00 

3.50 

4.00 

4.50 

4.00 

5.00 

4.50 

4.50 

4.50 

4.50 

4.50 

4.92 

6.00 

6.00 

6.60 

8.50 

6.92 

5.25 

5.79 

9.75 

10.50 

7.26 

6.35 

7.75 

11.55 

15.30 

20.35 

15.75 

11.50 

1.50 

1.75 

2.00 

2.00 

2.48 

3.00 

3.00 

3.21 

3.00 

3.50 

4.00 

4.11 

4.00 

5.00 

4.50 

4.50 

4.50 

4.50 

4.50 

5.12 

5.81 

6.00 

7.06 

8.46 

5.88 

4.89 

6.11 

9.26 

8.98 

6.83 

6.25 

7.98 

11.75 

16.40 

19.21 

16.27 

1.50 

1.75 

2.00 

2.00 

2.50 

3.00 

3.18 

3.00 

3.00 

3.72 

4.00 

3.61 

4.24 

5.00 

4.50 

4.50 

4.50 

4.50 

4.50 

5.51 

5.50 

6.40 

7.74 

8.00 

5.39 

5.01 

7.03 

10.94 

7.32 

6.90 

6.47 

8.30 

11.72 

16.32 

18.93 

16.50 

1.50 

1.92 

2.00 

2.03 

2.50 

3.00 

3.25 

3.00 

3.16 

3.86 

4.31 

3.61 

4.67 

4.78 

4.50 

4.50 

4.50 

4.50 

4.50 

5.88 

5.50 

6.47 

8.50 

7.94 

5.97 

5.34 

9.13 

11.99 

7.56 

7.09 

6.90 

9.14 

12.12 

11.61 

20.32 

14.72 

1.58 

2.00 

2.00 

2.25 

2.74 

3.00 

3.25 

3.00 

3.47 

4.00 

4.50 

4.00 

5.00 

4.50 

4.50 

4.50 

4.50 

4.50 

4.64 

6.00 

5.73 

6.27 

8.50 

7.23 

5.54 

5.76 

9.81 

11.00 

7.58 

6.54 

7.67 

10.81 

15.08 

16.73 

17.01 

11.96 

1.52 

1.85 

2.00 

2.07 

2.56 

3.00 

3.17 

3.05 

3.16 

3.77 

4.20 

3.83 

4.48 

4.82 

4.50 

4.50 

4.50 

4.50 

4.54 

5.62 

5.63 

6.28 

7.95 

7.91 

5.70 

5.25 

8.02 

10.80 

7.86 

6.84 

6.82 

9.06 

12.67 

15.27 

18.87 

14.86 

See footnotes at end of this part 99 

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Year 

Monthly 

Jan. Feb. Mar. Apr. May June July Aug. Sept. 

Quarterly 

Oct. 

111. Change in business and consumer credit outstanding 

[Annual rate, percent] 

Nov. Dec. IS !UL HI Q IV Q 

Annual 

Average for period 

1947 

1948 30.3 

1949 4.2 

1950 19.1 

1951 24.2 

1952 9.8 

1953 14.9 

1954 -2.0 

1955 16.2 

1956 13.7 

1957 8.5 

1958 1.4 

1959 12.1 

1960 10.2 

1961 7.3 

1962 8.9 

1963 11.7 

1964 10.6 

1965 13.2 

1966 

1967 4.3 

1968 4.2 

1969 15.4 

1970 3.0 

1971 14.5 

1972 6.9 

1973 23.6 

1974 12.6 

1975 5.7 

1976 5.6 

1977 14.2 

1978 13.7 

1979 18.7 

1980 14.9 

1981 7.9 

1982 8.4 

1947 2.58 

1948 3.11 

1949 -.38 

1950 1.25 

1951 6.20 

1952 2.65 

1953 1.13 

1954 -.70 

1955 2.58 

1956 4.86 

1957 3.60 

1958 -4.15 

1959 85 

1960 1.74 

1961 -.23 

1962 1.84 

1963 64 

1964 -1.37 

1965 9.90 

1966 10.74 

1967 6.53 

1968 2.23 

1969 22.78 

1970 -6.46 

1971 -1.50 

1972 

1973 26.02 

1974 26.44 

1975 9.35 

1976 -10.75 

1977 2.70 

1978 9.43 

1979 43.40 

1980 59.08 

1981 17.57 

1982 65.16 

1947 2JS2 

1948 3.19 

1949 1.12 

1950 3.43 

1951 2.64 

1952 1.13 

1953 5.30 

1954 -.73 

1955 3.68 

1956 3.41 

1957 1.85 

1958 23 

1959 4.79 

1960 5.30 

1961 3.13 

1962 1.82 

1963 6.04 

1964 8.71 

1965 8.78 

1966 7.85 

1967 4.13 

1968 -.11 

1969 10.50 

1970 7.10 

1971 33.73 

1972 5.23 

1973 44.77 

1974 13.78 

1975 5.33 

1976 17.99 

1977 41.34 

1978 37.12 

1979 51.78 

1980 40.49 

1981 19.54 

1982 21.42 

10.4 

4.8 

18.1 

24.9 

3.4 

13.5 

2.3 

16.3 

12.4 

7.1 

0 

10.9 

12.9 

5.4 

11.1 

12.4 

9.5 

14.6 

11.4 

5.7 

5.0 

12.9 

8.0 

10.2 

10.5 

23.6 

13.7 

4.1 

5.5 

15.8 

13.6 

15.3 

6.8 

7.9 

7.9 

22.9 

2.4 

13.7 

16.1 

7.5 

19.2 

-1.3 

22.1 

19.8 

10.7 

1.0 

13.3 

11.6 

5.5 

9.9 

10.4 

13.4 

12.3 

8.9 

4.1 

11.2 

10.1 

5.1 

8.6 

18.4 

17.5 

9.0 

-3.2 

12.4 

14.1 

18.0 

11.3 

12.1 

3.2 

2.8 

21.6 

-1.1 

15.5 

13.4 

5.4 

16.0 

-.5 

18.2 

15.2 

8.5 

.9 

14.8 

10.4 

4.2 

12.2 

13.4 

10.7 

12.7 

8.3 

4.1 

11.2 

14.7 

1.6 

5.6 

15.5 

15.4 

18.5 

-.5 

5.6 

15.3 

15.3 

17.7 

.6 

10.0 

6.6 

31.1 

4.0 

18.9 

11.3 

18.0 

13.7 

-2.9 

21.7 

14.4 

8.1 

.7 

16.6 

9.3 

5.0 

12.2 

12.9 

11.9 

13.6 

7.2 

4.2 

7.8 

10.6 

3.8 

10.7 

13.6 

16.6 

13.9 

-1.7 

10.7 

15.6 

18.4 

14.6 

-5.2 

11.2 

4.7 

20.6 

1.1 

30.5 

5.8 

22.9 

5.5 

-1.2 

22.6 

10.8 

8.7 

3.0 

17.0 

11.1 

6.2 

11.8 

11.7 

10.0 

10.4 

7.1 

8.2 

7.1 

10.3 

6.3 

7.5 

14.7 

16.4 

8.9 

.1 

11.9 

16.3 

17.1 

14.4 

1.6 

8.4 

3.2 

25.2 

-3.3 

39.7 

-.5 

16.8 

9.7 

2.9 

20.3 

10.0 

8.8 

5.3 

16.1 

6.2 

6.2 

11.8 

13.1 

12.0 

10.5 

7.6 

6.4 

9.1 

6.4 

5.9 

8.6 

11.7 

14.7 

15.0 

6.2 

9.0 

13.4 

13.9 

14.7 

.1 

9.9 

-1.9 

29.2 

16.6 

4.1 

32.0 

6.7 

10.6 

9.6 

-15.1 

21.5 

10.8 

6.1 

4.1 

16.0 

5.7 

8.0 

12.2 

12.7 

10.4 

12.6 

7.2 

5.2 

9.5 

8.9 

6.4 

16.0 

14.7 

15.0 

11.3 

4.6 

9.8 

16.9 

13.6 

13.4 

7.0 

8.3 

1.4 

27.0 

10.9 

11.1 

38.7 

7.4 

17.4 

3.5 

3.2 

19.3 

10.5 

7.1 

9.7 

13.6 

8.0 

9.0 

11.4 

12.9 

12.8 

12.8 

5.0 

6.7 

9.9 

9.9 

7.2 

16.1 

11.9 

8.0 

12.2 

4.3 

10.3 

14.8 

12.5 

15.2 

7.4 

9.1 

1.2 

32.0 

.3 

16.7 

18.9 

8.1 

23.6 

2.2 

4.3 

9.9 

7.7 

2.1 

8.2 

13.1 

6.3 

7.9 

13.3 

14.5 

9.6 

9.6 

4.4 

6.6 

10.8 

8.0 

-.3 

7.0 

18.1 

11.3 

4.1 

7.5 

13.7 

15.1 

12.9 

10.6 

8.2 

3.0 

-4.1 

37.6 

-1.5 

12.8 

15.7 

7.3 

21.1 

.7 

10.5 

15.2 

11.2 

1.9 

10.4 

10.9 

8.1 

10.1 

13.1 

14.7 

9.7 

10.9 

4.4 

9.2 

12.1 

7.3 

2.0 

11.5 

16.1 

10.6 

5.4 

6.0 

13.2 

16.2 

14.6 

6.3 

10.5 

3.6 

-5.6 

31.9 

1.9 

12.6 

20.6 

10.8 

17.5 

-6.2 

13.0 

8.8 

4.7 

12.5 

10.3 

5.3 

10.4 

10.9 

12.4 

12.9 

10.5 

4.2 

10.5 

10.7 

5.0 

7.9 

10.1 

14.4 

7.3 

1.9 

9.0 

13.4 

15.3 

12.2 

8.2 

7.3 

3.1 

-8.1 

21.2 

3.8 

17.0 

21.7 

6.9 

15.9 

-.3 

18.2 

15.3 

8.8 

.8 

12.1 

11.6 

6.1 

10.0 

11.5 

11.2 

13.4 

'' 4.7 

6.8 

12.8 

5.4 

11.1 

11.9 

21.6 

11.8 

2.2 

7.8 

14.7 

15.1 

15.1 

11.3 

6.3 

6.4 

24.4 

1.3 

21.6 

10.2 

15.4 

11.7 

-1.5 

20.8 

13.5 

8.4 

1.5 

16.1 

10.3 

5.1 

12.1 

12.7 

10.9 

12.2 

7.5 

5.5 

8.7 

11.9 

3.9 

7.9 

14.6 

16.1 

13.8 

-.7 

9.4 

15.7 

16.9 

15.6 

-1.0 

9.9 

4.8 

17.6 

4.0 

36.8 

4.5 

14.9 

7.6 

-3.0 

20.4 

10.4 

7.3 

6.4 

15.2 

6.6 

7.7 

11.8 

12.9 

11.7 

12.0 

6.6 

6.1 

9.5 

8.4 

6.5 

13.6 

12.8 

12.6 

12.8 

5.0 

9.7 

15.0 

13.3 

14.4 

4.8 

9.1 

.2 

33.8 

.2 

14.0 

18.4 

8.7 

20.7 

-1.1 

12.7 

9.2 

2.9 

10.4 

11.4 

6.6 

9.5 

12.4 

13.9 

10.7 

10.3 

4.3 

8.8 

11.2 

6.8 

3.2 

9.5 

16.2 

9.7 

3.8 

7.5 

13.4 

15.5 

13.2 

8.4 

8.7 

3.2 

-5.9 

15.9 

5.8 

23.4 

11.3 

14.5 

8.5 

18.0 

12.1 

6.9 

4.8 

13.7 

8.8 

7.1 

11.6 

12.7 

11.1 

12.0 

"6.3 

9.0 

10.0 

4.7 

10.5 

13.9 

15.0 

10.5 

3.5 

10.1 

15.2 

14.6 

13.4 

5.9 

7.1 

1.4 

112. Net chang 

[Annual rate, I 

in business loans 

of dotors) Average for period 

2.86 

-.71 

-.91 

1.04 

7.36 

.11 

.60 

.77 

1.96 

2.05 

.30 

-4.03 

.19 

5.24 

-.40 

1.56 

1.04 

3.17 

12.67 

10.51 

6.34 

1.93 

9.54 

18.02 

8.17 

9.38 

45.06 

28.26 

-12.56 

4.91 

16.49 

6.00 

27.97 

49.33 

4.36 

62.47 

5.23 

.16 

-1.42 

-.01 

5.56 

1.44 

1.84 

-.34 

2.69 

8.74 

5.54 

-1.28 

2.84 

2.68 

1.74 

2.34 

1.50 

.07 

11.34 

8.81 

8.35 

3.80 

14.98 

14.64 

3.35 

11.22 

25.08 

16.99 

-17.44 

-27.22 

4.26 

34.54 

23.82 

35.81 

-20.64 

23.77 

4.28 

1.22 

-3.07 

1.03 

6.00 

-.23 

2.94 

-.83 

1.60 

6.22 

3.85 

-2.09 

3.26 

2.40 

-.38 

2.57 

2.48 

4.24 

7.68 

6.86 

5.98 

13.74 

24.49 

1.08 

-12.16 

13.76 

19.73 

61.43 

-19.06 

-32.41 

8.95 

25.01 

65.51 

2.64 

46.46 

64.22 

1.03 

4.33 

-2.35 

1.04 

4.49 

.80 

1.69 

-1.87 

4.40 

6.19 

1.76 

-4.63 

5.77 

3.58 

-.71 

1.78 

2.02 

3.94 

12.07 

9.14 

4.80 

2.28 

13.74 

6.37 

9.25 

6.77 

15.67 

27.05 

-33.77 

3.36 

9.78 

28.91 

29.17 

-20.46 

67.79 

45.05 

0.56 

2.77 

-2.95 

3.67 

2.32 

1.92 

-.83 

-1.93 

4.56 

4.21 

4.60 

-1.07 

5.63 

5.04 

-.78 

2.88 

1.37 

3.06 

6.11 

13.07 

8.21 

6.37 

14.70 

6.96 

-11.47 

4.34 

25.10 

17.11 

-28.24 

11.39 

15.00 

30.22 

40.91 

52.46 

51.17 

31.64 

1.57 

3.84 

-3.96 

4.52 

1.33 

2.06 

.37 

.01 

5.38 

4.15 

2.54 

-.48 

-.19 

-.22 

.68 

2.77 

1.58 

3.49 

4.25 

11.94 

4.81 

8.35 

4.88 

-.13 

-9.06 

1.93 

16.98 

50.03 

-8.21 

-8.28 

-1.56 

16.68 

44.53 

-17.68 

52.51 

7.98 

2.99 

1.46 

-2.08 

5.26 

1.30 

.59 

1.87 

-10.16 

5.04 

3.28 

.48 

-1.18 

5.16 

-1.84 

1.43 

3.58 

2.10 

4.93 

12.80 

13.64 

-2.65 

12.78 

14.78 

7.67 

20.11 

4.45 

23.09 

31.18 

-13.61 

-2.94 

16.25 

10.26 

44.36 

8.87 

57.31 

4.73 

2.77 

-.55 

-.23 

7.67 

1.24 

2.29 

-1.38 

-.61 

3.76 

4.32 

1.07 

2.17 

2.28 

1.39 

1.00 

3.36 

3.53 

6.95 

12.02 

7.08 

3.52 

11.51 

15.16 

4.36 

21.72 

-2.48 

-.56 

49.50 

-17.20 

-4.48 

7.61 

11.72 

57.46 

20.02 

59.23 

22.00 

3.58 

-1.26 

.35 

3.97 

1.72 

3.23 

-2.15 

-.42 

5.33 

.96 

-4.86 

1.12 

3.23 

.48 

.01 

3.80 

5.76 

2.48 

8.05 

7.54 

5.87 

10.02 

11.45 

-21.06 

-11.66 

22.91 

14.47 

11.08 

-13.76 

12.72 

15.91 

20.78 

7.21 

15.49 

25.18 

2.71 

4.27 

-1.92 

-.79 

5.22 

1.00 

4.57 

-2.27 

2.84 

4.20 

4.09 

-4.75 

1.52 

1.93 

1.46 

.78 

3.65 

9.10 

5.32 

10.06 

5.58 

6.20 

14.65 

8.54 

-7.18 

-1.97 

10.87 

14.56 

16.58 

-10.42 

18.56 

13.18 

23.82 

-12.05 

53.96 

42.12 

-63.76 

3.05 

-1.31 

-.37 

6.29 

2.60 

1.22 

-4.72 

4.31 

4.07 

2.35 

-.67 

1.85 

2.54 

-1.20 

1.79 

.56 

5.59 

8.03 

7.80 

3.47 

10.88 

9.31 

11.87 

-.16 

-6.16 

8.44 

10.64 

1.67 

1.37 

10.90 

13.20 

4.61 

36.89 

21.37 

32.60 

-64.46 

3.56 

.85 

-.90 

.76 

6.37 

1.40 

1.19 

-.09 

2.41 

5.22 

3.15 

-3.15 

1.29 

3.22 

.37 

1.91 

1.06 

.62 

11.30 

10.02 

7.07 

2.65 

15.77 

8.73 

3.34 

32!05 

23.90 

-6.88 

-11.02 

7.82 

16.66 

31.73 

48.07 

.43 

50.47 

1.96 

2.77 

-2.79 

1.91 

4.27 

.83 

1.27 

-1.54 

3.52 

5.54 

3.40 

-2.60 

4.89 

3.67 

-.62 

2.41 

1.96 

3.75 

8.62 

9.69 

6.33 

7.46 

17.64 

4.80 

-4.79 

8.29 

20.17 

35.20 

-27.02 

-5.89 

11.24 

28.05 

45.20 

11.55 

55.14 

46.97 

2.44 

1.58 

-2.09 

5.82 

1.29 

1.65 

.29 

-3.59 

4.73 

3.92 

1.36 

.17 

2.42 

-.22 

1.04 

3.24 

2.40 

5.12 

9.69 

10.89 

1.89 

10.88 

11.61 

3.97 

10.92 

1.30 

13.17 

43.57 

-13.01 

-5.23 

7.43 

12.89 

48.78 

3.74 

56.35 

11.57 

3.63 

-1.50 

-.27 

5.16 

1.77 

3.01 

-3.05 

2.24 

4.53 

2.47 

-3.43 

1.50 

2.57 

.25 

.86 

2.67 

6.82 

5.28 

8.64 

5.53 

7.65 

11.33 

10.62 

-9.47 

-6.60 

14.07 

13.22 

9.78 

-7.60 

14.06 

14.10 

16.40 

10.68 

30.27 

33.30 

-41.84 

2.90 

.93 

-1.51 

3.41 

3.43 

1.72 

3.80 

4.28 

1.12 

-1.02 

2.79 

1.73 

.41 

2.56 

3.06 

3.69 

9.56 

9.03 

5.74 

8.08 

13.91 

2.01 

.72 

19:65 

28.11 

-13.63 

-2.02 

10.15 

18.50 

34.10 

23.41 

36.30 

16.79 

113. Net change in 

" il rate, 

consumer instalment credit 

of dolars] Average for period 

2.70 

2.10 

1.79 

3.77 

1.56 

1.12 

5.05 

.14 

4.49 

3.67 

2.87 

-1.04 

4.37 

4.70 

.72 

5.00 

7.45 

2.58 

10.50 

8.72 

5.09 

1.56 

17.53 

5.94 

8.50 

-1.43 

24.11 

14.24 

13.30 

-15.29 

34.99 

41.21 

57.82 

-22.03 

35.65 

8.66 

2.59 

4.52 

1.76 

3.06 

.18 

1.48 

7.02 

-.92 

6.97 

4.79 

2.15 

-2.00 

4.70 

6.84 

-1.85 

2.12 

4.30 

13.80 

5.75 

4.91 

.47 

17.12 

5.48 

.56 

5.72 

26.35 

19.40 

3.23 

-15.86 

48.89 

34.37' 

40.73 

29.26 

56.95 

23.12 

2.62 

2.74 

3.22 

2.44 

2.71 

-122 

2.11 

4.50 

-.01 

6.13 

3.00 

1.75 

-1.67 

5.10 

6.28 

-2.15 

6.02 

7.31 

6.38 

11.00 

4.19 

-.02 

8.39 

11.10 

-.50 

6.95 

16.78 

18.98 

11.81 

-2.64 

22.98 

37.40 

40.66 

45.48 

-24.04 

25.55 

19.62 

2.57 

2.52 

3.12 

3.80 

-.53 

6.56 

4.68 

-.22 

6.36 

2.88 

3.17 

-1.01 

5.83 

4.12 

-.64 

5.41 

6.10 

8.64 

9.37 

4.07 

.80 

8.33 

11.40 

2.93 

7.50 

16.16 

24.38 

16.58 

-1.60 

18.59 

36.28 

54.22 

37.82 

-40.40 

24.02 

18.10 

2.42 

2.17 

2.92 

5.09 

-.34 

7.58 

3.25 

.54 

6.77 

1.86 

2.06 

-1.58 

6.23 

4.37 

.48 

5.40 

6.67 

7.49 

7.48 

4.42 

4.00 

8.62 

9.97 

7.55 

8.64 

19.86 

21.19 

14.14 

3.94 

21.48 

33.08 

55.21 

28.32 

-35.39 

12.78 

20.90 

2.21 

2.46 

2.38 

6.38 

-1.62 

4.86 

4.16 

.80 

5.03 

1.54 

3.29 

-.08 

6.84 

3.24 

.50 

5.28 

7.33 

7.63 

8.39 

6.32 

2.64 

8.74 

8.74 

10.00 

11.35 

12.43 

23.18 

13.96 

17.21 

20.69 

33.00 

39.94 

34.97 

-7.90 

19.28 

4.70 

2.10 

2.44 

2.75 

4.19 

1.26 

3.54 

3.01 

.49 

6.55 

3.02 

2.34 

-.48 

7.64 

2.70 

1.48 

5.21 

7.14 

6.96 

7.97 

5.05 

4.67 

7.34 

6.89 

6.42 

12.62 

18.16 

17.98 

14.60 

12.34 

21.86 

35.10 

39.60 

35.16 

14.12 

21.67 

2.05 

2.89 

3.05 

4.67 

1.57 

4.67 

2.70 

1.27 

6.43 

1.97 

2.32 

1.04 

7.19 

3.31 

2.33 

4.86 

6.82 

8.92 

7.97 

4.10 

5.03 

7.90 

9.66 

7.30 

13.60 

14.81 

16.57 

9.68 

10.19 

23.95 

35.02 

38.71 

41.36 

-2.44 

33.73 

10.04 

2.58 

.56 

3.85 

1.69 

1.10 

7.02 

2.72 

1.40 

3.50 

2.40 

2.12 

-.64 

6.85 

2.04 

2.22 

5.17 

8.06 

6.97 

5.93 

3.82 

2.11 

10.88 

7.90 

1.63 

11.15 

14.51 

20.10 

3.07 

14.46 

25.34 

34.13 

34.30 

36.17 

12.92 

9.41 

4.96 

3.36 

1.12 

3.71 

-.41 

1.92 

4.74 

2.29 

1.46 

3.85 

3.50 

1.81 

1.51 

5.08 

2.77 

3.18 

6.78 

6.42 

4.84 

7.32 

5.06 

6.78 

10.10 

8.40 

-2.28 

15.10 

16.15 

18.43 

-1.50 

13.25 

18.42 

40.45 

44.10 

36.37 

14.11 

-4.36 

15.65 

3.31 

1.33 

3.14 

.25 

1.79 

6.34 

.29 

2.96 

4.30 

2.17 

1.32 

3.59 

3.60 

1.30 

3.83 

6.16 

6.54 

8.50 

7.22 

5.66 

7.76 

11.08 

3.66 

7.64 

15.49 

18.88 

10.72 

-2.08 

16.31 

31.15 

35.89 

47.17 

18.17 

5.86 

-2.76 

29.03 

2.64 

3.27 

1.56 

3.42 

1.46 

1.24 

5.79 

-.50 

5.05 

3.96 

2.29 

-.94 

4.62 

5.61 

.67 

2.98 

5.93 

8.36 

8.34 

7.16 

3.23 

6.19 

11.17 

4.53 

15.98 

10.05 

29.43 

10.42 

.92 

17.20 

36.90 

39.69 

46.29 

25.14 

26.10 

10.90 

2.58 

2.64 

2.83 

3.87 

-.70 

5.42 

4.14 

.10 

6.42 

2.58 

2.33 

-1.42 

5.72 

4.92 

-.77 

5.61 

6.69 

7.50 

9.28 

4.23 

1.59 

8.45 

10.82 

3.33 

7.70 

17.60 

21.52 

14.18 

-.10 

21.02 

35.59 

50.03 

37.21 

-33.28 

20.78 

19.54 

2.12 

2.60 

2.73 

5.08 

.40 

4.36 

3.29 

.85 

6.00 

2.18 

2.65 

.16 

7.22 

3.08 

1.44 

5.12 

7.10 

7.84 

8.11 

5.16 

4.11 

7.99 

8.43 

7.91 

12.52 

15.13 

19.24 

12.75 

13.25 

22.17 

34.37 

39.42 

37.16 

1.26 

24.89 

5.18 

3.08 

1.00 

3.57 

.51 

1.60 

6.03 

1.77 

1.94 

3.88 

2.69 

1.75 

1.49 

5.18 

2.04 

3.08 

6.04 

7.01 

6.77 

6.82 

4.85 

5.55 

10.69 

6.65 

2.33 

13.91 

16.51 

16.42 

-.17 

14.67 

24.97 

36.82 

41.86 

30.24 

10.96 

.76 

16.55 

2.60 

2.38 

2.67 

3.22 

.69 

4.26 

3.75 

.60 

5.34 

2.85 

2.25 

-.18 

5.68 

3.91 

1.10 

4.94 

6.68 

7.62 

8.14 

5.35 

3.62 

8.33 

9.27 

4.52 

12.53 

14.82 

21.65 

9.29 

7.19 

21.34 

35.92 

42.75 

37.72 

1.02 

18.14 

13.04 

100 

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Year 

Monthly 

Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. 

Quarterly 

IQ IIQ IIIQ IV Q Annual 

114. Discount rate on new issues of 91-day Treasury bHs ( 

[Percent] Average for period 

1947 0.38 

1948 97 

1949 1.16 

1950 1.09 

1951 1.39 

1952 1.69 

1953 2.04 

1954 1.21 

1955 1.26 

1956 2.46 

1957 3.21 

1958 2.60 

1959 2.84 

1960 .'... 4.44 

1961 2.30 

1962 2.75 

1963 2.91 

1964 3.53 

1965 3.83 

1966 4.60 

1967 4.76 

1968 5.08 

1969 6.18 

1970 7.91 

1971 4.49 

1972 3.40 

1973 5.31 

1974 7.76 

1975 6.49 

1976 4.96 

1977 4.60 

1978 6.45 

1979 9.35 

1980 12.04 

1981 14.72 

1982 12.41 

1947 UT 

1948 2.45 

1949 2.42 

1950 2.20 

1951 2.39 

1952 2.74 

1953 2.80 

1954 2.69 

1955 2.68 

1956 2.88 

1957 3.34 

1958 3.24 

1959 3.91 

1960 4.37 

1961 3.89 

1962 4.08 

1963 3.89 

1964 4.15 

1965 4.14 

1966 4.43 

1967 4.40 

1968 5.18 

1969 5.74 

1970 6.86 

1971 5.92 

1972 5.62 

1973 5.96 

1974 6.56 

1975 6.68 

1976 6.93 

1977 6.68 

1978 7.51 

1979 8.43 

1980 10.03 

1981 11.65 

1982 13.73 

1947 2M~ 

1948 2.97 

1949 2.66 

1950 2.60 

1951 2.74 

1952 3.08 

1953 3.17 

1954 3.00 

1955 2.99 

1956 3.20 

1957 4.28 

1958 3.62 

1959 4.58 

I960...., 5.34 

1961 4.63 

1962 4.56 

1963 4.22 

1964 4.50 

1965 4.45 

1966 4.93 

1967 5.53 

1968 6.57 

1969 7.29 

1970 9.00 

1971 7.63 

1972 7.36 

1973 7.61 

1974 8.32 

1975 9.17 

1976 8.97 

1977 7.96 

1978 8.70 

1979 9.47 

1980 11.65 

1981 14.01 

1982 16.34 

0.38 

.99 

1.16 

1.12 

1.39 

1.57 

2.02 

.98 

1.18 

2.37 

3.16 

1.56 

2.71 

3.95 

2.41 

2.75 

2.92 

3.53 

3.93 

4.67 

4.55 

4.97 

6.16 

7.16 

3.77 

3.18 

5.56 

7.06 

5.58 

4.85 

4.66 

6.46 

9.27 

12.81 

14.90 

13.78 

0.38 

1.00 

1.16 

1.14 

1.42 

1.66 

2.08 

1.05 

1.34 

2.31 

3.14 

1.35 

2.85 

3.44 

2.42 

2.72 

2.90 

3.55 

3.94 

4.63 

4.29 

5.14 

6.08 

6.71 

3.32 

3.72 

6.05 

7.99 

5.54 

5.05 

4.61 

6.32 

9.46 

15.53 

13.48 

12.49 

0.38 

1.00 

1.16 

1.16 

1.52 

1.62 

2.18 

1.01 

1.62 

2.61 

3.11 

1.13 

2.96 

3.24 

2.33 

2.74 

2.91 

3.48 

3.93 

4.61 

3.85 

5.36 

6.15 

6.48 

3.78 

3.72 

6.29 

8.23 

5.69 

4.88 

4.54 

6.31 

9.49 

14.00 

13.63 

12.82 

0.38 

1.00 

1.15 

1.17 

1.58 

1.71 

2.20 

.78 

1.49 

2.65 

3.04 

1.05 

2.85 

3.39 

2.29 

2.69 

2.92 

3.48 

3.90 

4.64 

3.64 

5.62 

6.08 

7.04 

4.14 

3.65 

6.35 

8.43 

5.32 

5.18 

4.94 

6.43 

9.58 

9.15 

16.30 

12.15 

0.38 

1.00 

1.16 

1.17 

1.50 

1.70 

2.23 

.65 

1.43 

2.53 

3.32 

.88 

3.25 

2.64 

2.36 

2.72 

3.00 

3.48 

3.81 

4.54 

3.48 

5.54 

6.49 

6.74 

4.70 

3.87 

7.19 

8.14 

5.19 

5.44 

5.00 

6.71 

9.05 

7.00 

14.56 

12.11 

0.64 

1.00 

.98 

1.17 

1.59 

1.82 

2.10 

.71 

1.62 

2.33 

3.16 

.96 

3.24 

2.40 

2.27 

2.94 

3.14 

3.48 

3.83 

4.86 

4.31 

5.38 

7.00 

6.50 

5.40 

4.06 

8.02 

7.75 

6.16 

5.28 

5.15 

7.07 

9.26 

8.13 

14.70 

11.91 

0.74 

1.03 

1.02 

1.21 

1.64 

1.88 

2.09 

.89 

1.88 

2.61 

3.40 

1.69 

3.36 

2.29 

2.40 

2.84 

3.32 

3.51 

3.84 

4.93 

4.28 

5.10 

7.01 

6.41 

5.08 

4.01 

8.67 

8.74 

6.46 

5.15 

5.50 

7.04 

9.45 

9.26 

15.61 

9.01 

0.79 

1.09 

1.06 

1.32 

1.65 

1.79 

1.88 

1.01 

2.09 

2.85 

3.58 

2.48 

4.00 

2.49 

2.30 

2.79 

3.38 

3.53 

3.91 

5.36 

4.45 

5.20 

7.13 

6.24 

4.67 

4.65 

8.48 

8.36 

6.38 

5.08 

5.77 

7.84 

10.18 

10.32 

14.95 

8.20 

0.84 

1.12 

1.04 

1.33 

1.61 

1.78 

1.40 

.99 

2.26 

2.96 

3.59 

2.79 

4.12 

2.43 

2.35 

2.75 

3.45 

3.58 

4.03 

5.39 

4.59 

5.33 

7.04 

5.93 

4.49 

4.72 

7.16 

7.24 

6.08 

4.93 

6.19 

8.13 

11.47 

11.58 

13.87 

7.75 

0.92 

1.14 

1.06 

1.36 

1.61 

1.86 

1.43 

.95 

2.22 

3.00 

3.34 

2.76 

4.21 

2.38 

2.46 

2.80 

3.52 

3.62 

4.08 

5.34 

4.76 

5.49 

7.19 

5.29 

4.19 

4.77 

7.87 

7.58 

5.47 

4.81 

6.16 

8.79 

11.87 

13.89 

11.27 

8.04 

0.95 

1.15 

1.10 

1.37 

1.73 

2.13 

1.63 

1.17 

2.56 

3.23 

3.10 

2.81 

4.57 

2.27 

2.62 

2.86 

3.52 

3.86 

4.36 

5.01 

5.01 

5.92 

7.72 

4.86 

4.02 

5.06 

7.36 

7.18 

5.50 

4.35 

6.06 

9.12 

12.07 

15.66 

10.93 

8.01 

0.38 

.99 

1.16 

1.12 

1.40 

1.64 

2.05 

1.08 

1.26 

2.38 

3.17 

1.84 

2.80 

3.94 

2.38 

2.74 

2.91 

3.54 

3.90 

4.63 

4.53 

5.06 

6.14 

7.26 

3.86 

3.43 

5.64 

7.60 

5.87 

4.95 

4.62 

6.41 

9.36 

13.46 

14.37 

12.89 

0.38 

1.00 

1.16 

1.17 

1.53 

1.68 

2.20 

.81 

1.51 

2.60 

3.16 

1.02 

3.02 

3.09 

2.33 

2.72 

2.94 

3.48 

3.88 

4.60 

3.66 

5.51 

6.24 

6.75 

4.21 

3.75 

6.61 

8.27 

5.40 

5.17 

4.83 

6.48 

9.37 

10.05 

14.83 

12.36 

0.72 

1.04 

1.02 

1.23 

1.63 

1.83 

2.02 

.87 

1.86 

2.60 

3.38 

1.71 

3.53 

2.39 

2.32 

2.86 

3.28 

3.51 

3.86 

5.05 

4.35 

5.23 

7.05 

6.38 

5.05 

4.24 

8.39 

8.28 

6.33 

5.17 

5.47 

7.32 

9.63 

9.24 

15.09 

9.71 

0.90 

1.14 

1.07 

1.35 

1.65 

1.92 

1.49 

1.04 

2.35 

3.06 

3.34 

2.79 

4.30 

2.36 

2.48 

2.80 

3.50 

3.69 

4.16 

5.25 

4.79 

5.58 

7.32 

5.36 

4.23 

4.85 

7.46 

7.33 

5.68 

4.70 

6.14 

8.68 

11.80 

13.71 

12.02 

7.93 

0.60 

1.04 

1.10 

1.22 

1.55 

1.77 

1.94 

.95 

1.75 

2.66 

3.26 

1.84 

3.41 

2.95 

2.38 

2.78 

3.16 

3.55 

3.95 

4.88 

4.33 

5.34 

6.69 

6.44 

4.34 

4.07 

7.03 

7.87 

5.82 

5.00 

5.26 

7.22 

10.04 

11.61 

14.08 

10.72 

115. Yield o kmc-term Treasury bonds (J 

[Percent] Average for period 

2.21 

2.45 

2.39 

2.24 

2.40 

2.71 

2.83 

2.62 

2.78 

2.85 

3.22 

3.28 

3.92 

4.22 

3.81 

4.09 

3.92 

4.14 

4.16 

4.61 

4.47 

5.16 

5.86 

6.44 

5.84 

5.67 

6.14 

6.54 

6.66 

6.92 

7.16 

7.60 

8.43 

11.55 

12.23 

13.63 

2.19 

2.44 

2.38 

2.27 

2.47 

2.70 

2.89 

2.53 

2.78 

2.93 

3.26 

3.25 

3.92 

4.08 

3.78 

4.01 

3.93 

4.18 

4.15 

4.63 

4.45 

5.39 

6.05 

6.39 

5.71 

5.66 

6.20 

6.81 

6.77 

6.88 

7.20 

7.63 

8.45 

11.87 

12.15 

12.98 

2.19 

2.44 

2.38 

2.30 

2.56 

2.64 

2.97 

2.48 

2.82 

3.07 

3.32 

3.12 

4.01 

4.18 

3.80 

3.89 

3.97 

4.20 

4.15 

4.55 

4.51 

5.28 

5.84 

6.53 

5.75 

5.74 

6.11 

7.04 

7.05 

6.73 

7.13 

7.74 

8.44 

10.83 

12.62 

12.84 

2.19 

2.42 

2.38 

2.31 

2.63 

2.57 

3.11 

2.54 

2.81 

2.97 

3.40 

3.14 

4.08 

4.16 

3.73 

3.88 

3.97 

4.16 

4.14 

4.57 

4.76 

5.40 

5.85 

6.94 

5.96 

5.64 

6.25 

7.09 

7.01 

7.01 

7.17 

7.87 

8.55 

9.82 

12.96 

12.67 

2.22 

2.41 

2.38 

2.33 

2.65 

2.61 

3.13 

2.55 

2.82 

2.93 

3.58 

3.20 

4.09 

3.98 

3.88 

3.90 

4.00 

4.13 

4.14 

4.63 

4.86 

5.23 

6.05 

6.99 

5.94 

5.59 

6.32 

7.02 

6.86 

6.92 

6.99 

7.94 

8.32 

9.40 

12.39 

13.32 

2.25 

2.44 

2.27 

2.34 

2.63 

2.61 

3.02 

2.47 

2.91 

3.00 

3.60 

3.36 

4.11 

3.86 

3.90 

4.02 

4.01 

4.13 

4.15 

4.75 

4.86 

5.09 

6.07 

6.57 

5.91 

5.59 

6.53 

7.18 

6.89 

6.85 

6.98 

8.10 

8.35 

9.83 

13.05 

12.97 

2.24 

2.45 

2.24 

2.33 

2.57 

2.70 

3.02 

2.48 

2.95 

3.17 

3.63 

3.60 

4.10 

3.79 

4.00 

3.98 

3.99 

4.14 

4.19 

4.80 

4.95 

5.04 

6.02 

6.75 

5,78 

5.59 

6.85 

7.33 

7.11 

6.82 

7.01 

7.88 

8.42 

10.53 

13.61 

12.15 

2.24 

2.45 

2.22 

2.36 

2.56 

2.71 

2.98 

2.52 

2.92 

3.21 

3.66 

3.75 

4.26 

3.84 

4.02 

3.94 

4.04 

4.16 

4.25 

4.79 

4.99 

5.09 

6.32 

6.63 

5.56 

5.70 

6.41 

7.30 

7.28 

6.70 

6.94 

7.82 

8.68 

10.94 

14.14 

11.48 

2.27 

2.45 

2.22 

2.38 

2.61 

2.74 

2.83 

2.54 

2.87 

3.20 

3.73 

3.76 

4.11 

3.91 

3.98 

3.89 

4.07 

4.16 

4.28 

4.70 

5.19 

5.24 

6.27 

6.59 

5.46 

5.69 

6.25 

7.22 

7.29 

6.65 

7.08 

8.07 

9.44 

11.20 

14.13 

10.51 

2.36 

2.44 

2.20 

2.38 

2.66 

2.71 

2.86 

2.57 

2.89 

3.30 

3.57 

3.70 

4.12 

3.93 

3.98 

3.87 

4.11 

4.12 

4.34 

4.74 

5.44 

5.36 

6.52 

6.24 

5.48 

5.51 

6.30 

6.93 

7.21 

6.62 

7.16 

8.16 

9.80 

11.83 

12.68 

10.18 

2.39 

2.44 

2.19 

2.39 

2.70 

2.75 

2.79 

2.59 

2.91 

3.40 

3.30 

3.80 

4.27 

3.88 

4.06 

3.87 

4.14 

4.14 

4.43 

4.65 

5.36 

5.66 

6.81 

5.97 

5.62 

5.63 

6.35 

6.77 

7.17 

6.38 

7.24 

8.36 

9.58 

11.89 

12.88 

10.33 

2.20 

2.45 

2.40 

2.24 

2.42 

2.72 

2.84 

2.61 

2.75 

2.89 

3.27 

3.26 

3.92 

4.22 

3.83 

4.06 

3.91 

4.16 

4.15 

4.56 

4.44 

5.24 

5.88 

6.56 

5.82 

5.65 

6.10 

6.64 

6.70 

6.91 

7.01 

7.58 

8.44 

11.15 

12.01 

13.45 

2.20 

2.42 

2.38 

2.31 

2.61 

2.61 

3.07 

2.52 

2.82 

2.99 

3.43 

3.15 

4.06 

4.11 

3.80 

3.89 

3.98 

4.16 

4.14 

4.58 

4.71 

5.30 

5.91 

6.82 

5.88 

5.66 

6.23 

7.05 

6.97 

6.89 

7.10 

7.85 

8.44 

10.02 

12.66 

12.94 

2.24 

2.45 

2.24 

2.34 

2.59 

2.67 

3.01 

2.49 

2.93 

3.13 

3.63 

3.57 

4.16 

3.83 

3.97 

3.98 

4.01 

4.14 

4.20 

4.78 

4.93 

5.07 

6.14 

6.65 

5.75 

5.63 

6.60 

7.27 

7.09 

6.79 

6.98 

7.93 

8.48 

10.43 

13.60 

12.20 

2.34 

2.44 

2.20 

2.38 

2.66 

2.73 

2.83 

2.57 

2.89 

3.30 

3.53 

3.75 

4.17 

3.91 

4.01 

3.88 

4.11 

4.14 

4.35 

4.70 

5.33 

5.42 

6.53 

6.27 

5.52 

5.61 

6.30 

6.97 

7.22 

6.55 

7.16 

8.20 

9.61 

11.64 

13.23 

10.34 

2.25 

2.44 

2.31 

2.32 

2.57 

2.68 

2.94 

2.55 

2.84 

3.08 

3.47 

3.43 

4.08 

4.02 

3.90 

3.95 

4.00 

4.15 

4.21 

4.65 

4.85 

5.26 

6.12 

6.58 

5.74 

5.64 

6.31 

6.98 

7.00 

6.78 

7.06 

7.89 

8.74 

10.81 

12.87 

12.23 

116. Yield on new issues of high-grade corporate bonds <S> 

[Percent] Average for period 

2.53 

2.85 

2.77 

2.58 

2.78 

2.94 

3.26 

2.88 

3.09 

3.07 

4.13 

3.73 

4.60 

5.24 

4.43 

4.53 

4.25 

4.39 

4.45 

5.09 

5.35 

6.57 

7.33 

8.84 

7.54 

7.57 

7.67 

8.21 

8.84 

8.71 

8.18 

8.70 

9.52 

13.23 

14.60 

16.35 

2.60 

2.99 

2.75 

2.57 

2.90 

3.14 

3.41 

2.74 

3.14 

3.25 

4.18 

3.88 

4.53 

4.98 

4.37 

4.41 

4.28 

4.45 

4.49 

5.33 

5.55 

6.80 

7.76 

9.00 

7.62 

7.53 

7.75 

8.60 

9.48 

8.73 

8.33 

8.70 

9.65 

14.08 

14.49 

15.72 

2.43 

2.81 

2.74 

2.40 

3.06 

3.09 

3.53 

2.88 

3.11 

3.55 

4.23 

3.67 

4.60 

4.97 

4.57 

4.37 

4.35 

4.48 

4.48 

5.38 

5.59 

6.79 

7.54 

9.09 

7.76 

7.77 

7.70 

9.04 

9.81 

8.68 

8.30 

8.88 

9.69 

13.36 

15.00 

15.62 

2.47 

2.86 

2.69 

2.58 

2.98 

3.25 

3.80 

2.90 

3.15 

3.48 

4.41 

3.66 

4.92 

4.95 

4.67 

4.32 

4.36 

4.48 

4.52 

5.55 

5.90 

7.00 

7.62 

9.53 

8.25 

7.61 

7.69 

9.39 

9.76 

9.00 

8.38 

9.00 

9.82 

11.61 

15.68 

15.37 

2.60 

2.93 

2.77 

2.63 

3.24 

3.09 

3.82 

2.91 

3.11 

3.56 

4.81 

3.61 

5.00 

4.91 

4.82 

4.30 

4.32 

4.50 

4.57 

5.67 

6.06 

7.02 

8.04 

9.70 

8.15 

7.63 

7.73 

9.59 

9.27 

8.90 

8.08 

9.15 

9.51 

11.12 

14.97 

15.96 

2.57 

2.80 

2.68 

2.55 

3.20 

3.11 

3.59 

2.94 

3.14 

3.56 

4.59 

3.85 

4.95 

4.79 

4.81 

4.41 

4.34 

4.44 

4.57 

5.81 

6.06 

6.91 

8.06 

9.09 

8.24 

7.72 

7.97 

10.18 

9.56 

8.76 

8.12 

9.27 

9.47 

11.48 

15.67 

15.75 

2.62 

2.83 

2.60 

2.61 

3.01 

3.08 

3.46 

2.94 

3.41 

4.02 

4.78 

4.39 

4.90 

4.65 

4.79 

4.39 

4.34 

4.44 

4.66 

6.04 

6.30 

6.54 

8.05 

9.08 

8.14 

7.59 

8.45 

10.30 

9.71 

8.59 

8.06 

8.83 

9.57 

12.31 

16.34 

14.64 

2.66 

2.86 

2.40 

2.70 

2.91 

3.14 

3.60 

3.01 

3.27 

3.96 

4.68 

4.56 

5.28 

4.64 

4.72 

4.28 

4.40 

4.49 

4.71 

6.14 

6.33 

6.69 

8.36 

9.00 

7.90 

7.72 

8.10 

10.44 

9.89 

8.37 

8.11 

8.78 

9.87 

12.74 

16.97 

13.78 

2.91 

2.99 

2.50 

2.64 

3.09 

3.16 

3.09 

2.84 

3.15 

3.94 

4.71 

4.48 

5.37 

4.75 

4.60 

4.26 

4.37 

4.49 

4.70 

6.04 

6.53 

6.88 

8.46 

9.14 

7.72 

7.66 

7.97 

10.29 

9.54 

8.25 

8.21 

9.14 

11.17 

13.17 

16.96 

12.63 

2.69 

2.96 

2.54 

2.63 

3.36 

3.07 

3.13 

2.94 

3.17 

4.29 

4.56 

4.35 

5.14 

4.82 

4.52 

4.23 

4.42 

4.48 

4.75 

6.11 

6.87 

7.00 

8.94 

8.97 

7.67 

7.46 

7.95 

9.22 

9.48 

8.17 

8.26 

9.30 

11.52 

14.10 

15.53 

11.89 

2.88 

3.15 

2.53 

2.75 

3.22 

3.04 

3.23 

2.87 

3.27 

4.26 

4.04 

4.44 

5.27 

4.94 

4.58 

4.28 

4.49 

4.49 

4.92 

5.98 

6.93 

7.28 

9.22 

8.13 

7.54 

7.50 

8.09 

9.47 

9.59 

7.90 

8.39 

9.30 

11.30 

14.38 

15.55 

12.15 

2.53 

2.94 

2.73 

2.58 

2.81 

3.05 

3.28 

2.87 

3.07 

3.17 

4.20 

3.74 

4.57 

5.19 

4.48 

4.50 

4.25 

4.45 

4.46 

5.12 

5.48 

6.65 

7.46 

8.95 

7.60 

7.49 

7.68 

8.38 

9.16 

8.80 

8.16 

8.70 

9.55 

12.99 

14.37 

16.14 

2.50 

2.87 

2.73 

2.54 

3.09 

3.14 

3.72 

2.90 

3.12 

3.53 

4.48 

3.65 

4.84 

4.94 

4.69 

4.33 

4.34 

4.49 

4.52 

5.53 

5.85 

6.94 

7.73 

9.44 

8.05 

7.67 

7.71 

9.34 

9.61 

8.86 

8.25 

9.01 

9.67 

12.03 

15.22 

15.65 

2.62 

2.83 

2.56 

2.62 

3.04 

3.11 

3.55 

2.96 

3.27 

3.85 

4.68 

4.27 

5.04 

4.69 

4.77 

4.36 

4.36 

4.46 

4.65 

6.00 

6.23 

6.71 

8.16 

9.06 

8.09 

7.68 

8.17 

10.31 

9.72 

8.57 

8.10 

8.96 

9.64 

12.18 

16.33 

14.72 

2.83 

3.03 

2.52 

2.67 

3.22 

3.09 

3.15 

2.88 

3.20 

4.16 

4.44 

4.42 

5.26 

4.84 

4.57 

4.26 

4.43 

4.49 

4.79 

6.04 

6.78 

7.05 

8.87 

8.75 

7.64 

7.54 

8.00 

9.66 

9.54 

8.11 

8.29 

9.25 

11.33 

13.88 

16.01 

12.22 

2.62 

2.92 

2.64 

2.60 

3.04 

3.10 

3.42 

2.90 

3.17 

3.68 

4.45 

4.02 

4.93 

4.92 

4.63 

4.36 

4.34 

4.47 

4.61 

5.67 

6.08 

6.84 

8.06 

9.05 

7.85 

7.59 

7.89 

9.42 

9.51 

8.59 

8.20 

8.98 

10.05 

12.77 

15.48 

14.68 

See footnotes at end of this part. 

Digitized 

101 

for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Year Jan. Feb. Mar. Apr. 

Monthly 

May June July Aug. Sept. Oct. Nov. Dec. 

__ Qaarteriy 

IQ 81Q §11Q fVQ AnnuaS 

117. Yield on muntcipai bonds, 20-bond average® 

[Percent] Average for period 

1947 

1948 2.36 

1949 2.16 

1950 2.06 

1951 1.61 

1952 2.09 

1953 2.43 

1954 2.50 

1955 2.40 

1956 2.50 

1957 3.18 

1958 2.91 

1959 3.42 

1960 3.72 

1961 3.40 

1962 3.34 

1963 3.10 

1964 3.22 

1965 3.06 

1966 3.52 

1967 3.54 

1968 4.29 

1969 4.85 

1970 6.65 

1971 5.36 

1972 5.12 

1973 5.05 

1974 5.22 

1975 6.82 

1976 7.07 

1977 5.87 

1978 5.71 

1979 6.47 

1980 7.35 

1981 9.68 

1982 13.28 

1947 

1948 

1949 4.35 

1950 4.31 

1951 4.08 

1952 4.26 

1953 4.34 

1954 4.75 

1955 4.56 

1956 4.73 

1957 

1958 5.58 

1959 5.60 

1960 6.24 

1961 6.00 

1962 5.69 

1963 5.52 

1964 5.45 

1965 5.45 

1966 5.70 

1967 6.62 

1968 6.81 

1969 

1970 

1971 

1972 7.49 

1973 7.55 

1974 

1975 8.99 

1976 9.06 

1977 8.45 

1978 9.18 

1979 10.24 

1980 12.60 

1981 14.23 

1982 17.38 

1947 

1948 

1949 

1950 

1951 

1952 

1953 

1954 

1955 1.37 

1956 2.44 

1957 2.93 

1958 2.72 

1959 2.48 

1960 3.99 

1961 1.45 

1962 2.14 

1963 2.91 

1964 3.48 

1965 3.90 

1966 4.42 

1967 4.94 

1968 4.60 

1969 6.30 

1970 8.98 

1971 4.14 

1972 3.50 

1973 5.94 

1974 9.65 

1975 7.13 

1976 4.87 

1977 4.61 

1978 6.70 

1979 10.07 

1980 13.82 

1981 19.08 

1982 13.22 

2.47 

2.20 

2.03 

1.58 

2.07 

2.55 

2.42 

2.44 

2.44 

3.00 

3.02 

3.36 

3.60 

3.31 

3.21 

3.15 

3.14 

3.09 

3.64 

3.52 

4.31 

4.98 

6.36 

5.23 

5.28 

5.13 

5.20 

6.39 

6.94 

5.89 

5.62 

6.31 

8.16 

10.10 

12.97 

2.45 

2.18 

2.01 

1.74 

2.08 

2.65 

2.40 

2.44 

2.57 

3.10 

3.06 

3.30 

3.56 

3.45 

3.14 

3.05 

3.28 

3.18 

3.72 

3.55 

4.54 

5.26 

6.03 

5.17 

5.31 

5.29 

5.40 

6.74 

6.92 

5.89 

5.61 

6.33 

9.17 

10.16 

12.82 

2.37 2.31 2.24 2.27 

2.14 2.14 2.20 2.16 

2.03 2.00 1.99 2.01 

1.94 2.00 2.19 2.15 

2.04 2.06 2.13 2.15 

2.65 2.78 2.99 2.98 

2.47 2.50 2.48 2.32 

2.41 2.38 2.41 2.54 

2.70 2.68 2.54 2.65 

3.13 3.27 3.41 3.40 

2.96 2.92 2.97 3.09 

3.39 3.58 3.72 3.71 

3.56 3.60 3.55 3.50 

3.50 3.43 3.52 3.52 

3.06 3.11 3.26 3.28 

3.10 3.11 3.21 3.22 

3.28 3.20 3.20 3.18 

3.15 3.17 3.24 3.27 

3.56 3.65 3.77 3.95 

3.60 3.89 3.96 4.02 

4.34 4.54 4.50 4.33 

5.19 5.33 5.76 5.75 

6.49 7.00 6.96 6.53 

5.37 5.90 5.95 6.06 

5.43 5.30 5.34 5.41 

5.15 5.14 5.18 5.40 

5.73 6.02 6.13 6.68 

6.95 6.97 6.95 7.07 

6.60 6.87 6.87 6.79 

5.73 5.75 5.62 5.63 

5.80 6.03 6.22 6.28 

6.29 6.25 6.13 6.13 

8.63 7.59 7.63 8.13 

10.62 10.78 10.67 11.14 

12.59 11.95 12.45 12.28 

118. Secondary market yields on FHA mortgages ® 

[Percent] 

*4i35 4!34 '4i35 "£ti 

4.09 4.08 

4.19 4.27 4.29 4.31 

4.29 4.29 4.30 4.30 

4.67 4.74 

4.62 4.59 4.57 4.56 

4.60 4.63 4.63 4.64 

4.71 4.78 4.81 4.81 

5.35 5.32 5.35 5.38 

5.43 5.39 5.37 5.35 

5.58 5.64 5.71 5.75 

6.21 6.21 6.19 6.18 

5.77 5.68 

5.64 5.60 5.59 5.58 

5.46 5.45 5.45 5.45 

5.45 5.45 5.45 5.46 

5.45 5.45 5.44 5.44 

6.32 6.45 6.51 

6.29 6.44 6.51 6.53 

6.94 7.52 7.42 

8.06 8.06 8.35 8.36 

9.10 9.11 9.16 9.11 

7.37 7.75 7.89 7.97 

7.50 7.53 7.54 7.54 

7.73 7.79 7.89 8.19 

9.17 9.46 9.46 9.85 

9.16 9.06 9.13 

8.82 9.03 9.05 8.99 

8.64 8.77 8.77 

9.44 9.74 9.96 

10.61 10.49 10.46 

13.45 11.99 11.85 12.39 

15.91 16.33 16.31 16.76 

16.31 16.19 16.73 16.29 

119. Federal funds rate ® 

[Percent] 

2.37 

2.12 

1.83 

2.02 

2.24 

2.90 

2.26 

2.60 

2.80 

3.54 

3.36 

3.58 

3.34 

3.52 

3.23 

3.13 

3.19 

3.24 

4.12 

3.99 

4.21 

6.00 

6.20 

5.82 

5.30 

5.48 

6.71 

7.17 

6.61 

5.62 

6.12 

6.20 

8.67 

12.26 

11.23 

2.41 

2.14 

1.84 

2.01 

2.30 

2.90 

2.31 

2.58 

2.94 

3.54 

3.54 

3.78 

3.42 

3.53 

3.11 

3.20 

3.23 

3.35 

4.12 

4.12 

4.38 

6.26 

6.25 

5.37 

5.36 

5.10 

6.76 

7.44 

6.51 

5.51 

6.09 

6.52 

8.94 

12.92 

10.66 

2.42 

2.16 

1.79 

2.06 

2.38 

2.75 

2.34 

2.51 

2.95 

3.42 

3.45 

3.62 

3.53 

3.42 

3.02 

3.20 

3.25 

3.40 

3.94 

4.30 

4.49 

6.09 

6.39 

5.06 

5.18 

5.05 

6.57 

7.39 

6.30 

5.64 

6.13 

7.08 

9.11 

12.83 

9.69 

2.38 

2.12 

1.74 

2.05 

2.38 

2.62 

2.32 

2.46 

3.16 

3.37 

3.32 

3.55 

3.40 

3.41 

3.04 

3.30 

3.18 

3.46 

3.86 

4.34 

4.60 

6.30 

5.93 

5.20 

5.02 

5.18 

6.61 

7.43 

6.29 

5.49 

6.19 

7.30 

9.56 

11.89 

10.06 

2.26 

2.09 

1.72 

2.09 

2.38 

2.60 

2.36 

2.57 

3.22 

3.04 

3.34 

3.68 

3.40 

3.47 

3.07 

3.27 

3.13 

3.54 

3.86 

4.43 

4.82 

6.82 

5.46 

5.21 

5.05 

5.12 

7.05 

7.31 

5.94 

5.57 

6.50 

7.22 

10.20 

12.91 

9.96 

2.43 

2.18 

2.03 

1.64 

2.08 

2.54 

2.44 

2.43 

2.50 

3.09 

3.00 

3.36 

3.63 

3.39 

3.23 

3.10 

3.21 

3.11 

3.63 

3.54 

4.38 

5.03 

6.35 

5.25 

5.24 

5.16 

5.27 

6.65 

6.98 

5.88 

5.65 

6.37 

8.23 

9.98 

13.02 

2.31 

2.16 

2.01 

2.04 

2.08 

2.81 

2.48 

2.40 

2.64 

3.27 

2.95 

3.56 

3.57 

3.48 

3.14 

3.14 

3.23 

3.19 

3.66 

3.82 

4.46 

5.43 

6.82 

5.74 

5.36 

5.16 

5.96 

6.96 

6.78 

5.70 

6.02 

6.22 

7.95 

10.69 

12.33 

2.35 

2.14 

1.89 

2.06 

2.23 

2.93 

2.30 

2.57 

2.80 

3.49 

3.33 

3.69 

3.42 

3.52 

3.21 

3.18 

3.20 

3.29 

4.06 

4.04 

4.31 

6.00 

6.33 

5.75 

5.36 

5.33 

6.72 

7.23 

6.64 

5.59 

6.16 

6.28 

8.58 

12.11 

11.39 

2.35 

2.12 

1.75 

2.07 

2.38 

2.66 

2.34 

2.51 

3.11 

3.28 

3.37 

3.62 

3.44 

3.43 

3.04 

3.26 

3.19 

3.47 

3.89 

4.36 

4.64 

6.40 

5.93 

5.16 

5.08 

5.12 

6.74 

7.38 

6.18 

5.57 

6.27 

7.20 

9.62 

12.54 

9.90 

2.36 

2.15 

1.92 

1.95 

2.19 

2.73 

2.39 

2.48 

2.76 

3.28 

3.16 

3.56 

3.52 

3.46 

3.16 

3.17 

3.21 

3.26 

3.81 

3.94 

4.45 

5.72 

6.35 

5.48 

5.26 

5.19 

6.17 

7.05 

6.64 

5.68 

6.02 

6.52 

8.60 

11.33 

11.66 

Average for period 

4.35 

4.31 

4.08 

4.27 

4.34 

4.69 

4.56 

4.70 

5.36 

5.56 

5.58 

6.23 

5.89 

5.68 

5.48 

5.45 

5.45 

' M6 

6.78 

7.99 

9.29 

' 7.46 

7.56 

8.54 

8.84 

9.04 

8.55 

10*24 

R 7 9 

17.10 

4.35 

4.30 

4.12 

4.29 

4.34 

4.64 

4.59 

4.68 

5.35 

5.51 

5.57 

6.22 

5.82 

5.65 

5.47 

5.45 

5.45 

6.00 

6.35 

6.83 

8.05 

9.20 

7.32 

7.45 

7.63 

8.66 

8.69 

8.65 

9.35 

10.26 

14.63 

15.04 

16.41 

4.34 

4.08 

4.31 

4.30 

4.82 

4.56 

4.67 

4.87 

"b'ii 

5.80 

6.14 

5.68 

5.57 

5.45 

5.46 

5.45 

6.58 

6.60 

7.35 

8.36 

9.07 

7.92 

7.55 

iino 

9.32 

8.93 

8.77 

9.81 

10.58 

13.54 

17.96 

14.61 

4.32 

4.08 

4.30 

4.30 

4.86 

4.56 

4.70 

4.92 

5.50 

' 6ii 

5.69 

5.56 

5.45 

5.46 

5.46 

6.63 

6.63 

7.28 

8.40 

9.01 

7.84 

7.56 

9.18 

10.38 

9.74 

8.82 

8.74 

9.81 

11.37 

14.26 

18.55 

14.03 

4.32 

4.08 

4.27 

4.31 

4.82 

4.56 

4.73 

4.95 

5.63 

5.57 

6!69 

5.70 

5.55 

5.45 

5.45 

5.49 

6.65 

7.29 

8.48 

8.97 

7.75 

7.57 

8.97 

10.13 

9.53 

8.55 

8.81 

9.98 

4.32 

4.08 

4.27 

4.32 

4.81 

4.56 

4.75 

5!63 

5.60 

6.23 

6.05 

5.70 

5.54 

5.45 

5.45 

5.51 

6.81 

6.77 

7.36 

8.48 

8.90 

7.62 

7.57 

14.38 

17.43 

12.99 

9.41 

8.45 

8.81 

10.04 

12.41 

14.47 

15.98 

12.82 

4.32 

4.08 

4.26 

4.32 

4.78 

4.56 

4.73 

' bii 

5.60 

6.23 

6.04 

5.69 

5.53 

5.45 

5.45 

5.62 

6.77 

6.81 

7.50 

8.62 

8.40 

7.59 

7.56 

8.78 

9.51 

9.32 

8.28 

8.96 

10.23 

12.24 

14.08 

16.43 

12.80 

4.35 

4.31 

4.09 

4.27 

4.34 

4.69 

4.57 

4.70 

5.55 

5.58 

6.23 

5.90 

5.67 

5.49 

5.45 

5.45 

6.48 

6.81 

7.47 

7.58 

8.84 

8.55 

ib'25 

4.35 

4]25 

4.29 

4.5*9 

4.62 

4.77 

5.34 

5.40 

5.64 

6.20 

5.61 

5.45 

5.45 

5.45 

* 6.41 

8.16 

9.12 

7.67 

7.52 

7.80 

9.36 

4.33 

4.08 

4.31 

4.30 

4.81 

4.56 

4.67 

4.87 

' 5.41 

' 6.14 

5.68 

5.57 

5.45 

5.46 

5.45 

6.57 

6.59 

7.35 

8.37 

9.06 

7.91 

7.55 

4.32 

4.08 

4.27 

4.32 

4.80 

4.56 

4.74 

" 5.62 

5.59 

'6.06 

5.70 

5.54 

5.45 

5.45 

5.54 

14.69 

16.96 

12.43 

16.18 

16.41 

10.18 

9.40 

8.91 

8.76 

9.86 

10.80 

13.40 

17.76 

14.98 

6.74 

7.38 

8.53 

8.76 

7.65 

7.57 

8.87 

9.42 

8.43 

8.86 

10.08 

14.31 

16.61 

12.87 

4.34 

4'23 

4.30 

'4"60 

4.65 

5.49 

" 6.16 

5.60 

5.46 

5.45 

5.47 

"s'ii 

7.53 

16.31 

15.30 

Average for period 

1.29 

2.50 

3.00 

1.67 

2.40 

3.97 

2.54 

2.37 

3.00 

3.48 

3.98 

4.60 

5.00 

4.72 

6.64 

8.98 

3.72 

3.29 

6.58 

8.97 

6.24 

4.77 

4.68 

6.78 

10.06 

14.13 

15.93 

14.78 

1.35 

2.50 

2.96 

1.20 

2.80 

3.84 

2.02 

2.70 

2.98 

3.43 

4.04 

4.65 

4.53 

5.05 

6.79 

7.76 

3.71 

3.83 

7.09 

9.35 

5.54 

4.84 

4.69 

6.79 

10.09 

17.19 

14.70 

14.68 

1.43 

2.62 

3.00 

1.26 

2.96 

3.92 

1.50 

2.69 

2.90 

3.47 

4.09 

4.67 

4.05 

5.76 

7.41 

8.10 

4.15 

4.17 

7.12 

10.51 

5.49 

4.82 

4.73 

6.89 

10.01 

17.61 

15.72 

14.94 

1.43 

2.75 

3.00 

.63 

2.90 

3.85 

1.98 

2.29 

3.00 

3.50 

4.10 

4.90 

3.94 

6.12 

8.67 

7.94 

4.63 

4.27 

7.84 

11.31 

5.22 

5.29 

5.35 

7.36 

10.24 

10.98 

18.52 

14.45 

1.62 

2.71 

3.00 

.93 

3.39 

3.32 

1.73 

2.68 

2.99 

3.50 

4.04 

5.17 

3.98 

6.07 

8.90 

7.60 

4.91 

4.46 

8.49 

11.93 

5.55 

5.48 

5.39 

7.60 

10.29 

9.47 

19.10 

14.15 

1.68 

2.74 

2.99 

.68 

3.44 

3.23 

1.16 

2.71 

3.02 

3.42 

4.09 

5.30 

3.79 

6.02 

8.61 

7.21 

5.31 

4.55 

10.40 

12.92 

6.10 

5.31 

5.42 

7.81 

10.47 

9.03 

19.04 

12.59 

1.21 

1.90 

2.74 

3.24 

1.53 

3.50 

2.98 

2.00 

2.93 

3.49 

3.50 

4.12 

5.53 

3.89 

6.03 

9.19 

6.61 

5.57 

4.80 

10.50 

12.01 

6.14 

5.29 

5.90 

8.04 

10.94 

9.61 

17.82 

10.12 

1.07 

2.18 

2.95 

3.50 

1.76 

3.76 

2.60 

1.88 

2.90 

3.48 

3.45 

4.01 

5.40 

4.00 

5.78 

9.15 

6.29 

5.55 

4.87 

10.78 

11.34 

6.24 

' 5.25 

6.14 

8.45 

11.43 

10.87 

15.87 

10.31 

0.90 

2.24 

2.96 

3.50 

1.80 

3.98 

2.47 

2.26 

2.90 

3.50 

3.36 

4.08 

5.53 

3.88 

5.92 

9.00 

6.20 

5.20 

5.04 

10.01 

10.06 

5.82 

5.03 

6.47 

8.96 

13.77 

12.81 

15.08 

9.71 

0.91 

2.35 

2.88 

3.22 

2.27 

4.00 

2.44 

2.62 

2.94 

3.48 

3.52 

4.10 

5.77 

4.12 

5.81 

8.85 

5.60 

4.91 

5.06 

10.03 

9.45 

5.22 

4.95 

6.51 

9.76 

13.18 

15.85 

13.31 

9.20 

1.26 

2.48 

2.94 

2.98 

2.42 

3.99 

1.98 

2.33 

2.93 

3.38 

3.85 

4.32 

5.40 

4.51 

6.02 

8.97 

4.90 

4.14 

5.33 

9.95 

8.53 

5.20 

4.65 

6.56 

10.03 

13.78 

18.90 

12.37 

8.95 

1.34 

2.48 

2.96 

1.86 

2.56 

3.93 

2.00 

2.40 

2.96 

3.46 

3.97 

4.56 

4.82 

4.79 

6.58 

8.57 

3.86 

3.54 

6.54 

9.32 

6.30 

4.83 

4.66 

6.76 

10.07 

15.05 

16.57 

14.23 

1.49 

2.69 

3.00 

.94 

3.08 

3.70 

1.74 

2.55 

2.96 

3.49 

4.08 

4.91 

3.99 

5.98 

8.33 

7.88 

4.56 

4.30 

7.82 

11.25 

5.42 

5.20 

5.16 

7.28 

10.18 

12.69 

17.78 

14.51 

1.92 

2.81 

3.24 

1.32 

3.57 

2.94 

1.68 

2.85 

3.33 

3.46 

4.07 

5.41 

3.89 

5.94 

8.98 

6.70 

5.48 

4.74 

10.56 

12.09 

6.16 

5.28 

5.82 

8.10 

10.95 

9.84 

17.58 

11.01 

2.36 

2.93 

3.23 

2.16 

3.99 

2.30 

2.40 

2.92 

3.45 

3.58 

5.41 

4.88 

6.51 

9.58 

13.58 

15.85 

13.59 

9.29 

1.78 

2.73 

3.11 

1.57 

3.30 

3.22 

1.96 

2.68 

3.18 

3.50 

4.17 

5.57 

4.17 

5.92 

8.94 

5.57 

4.75 

5.14 

10.00 

9.35 

4.07 

5.11 

4.22 

5.66 

8.21 

7.17 

4.66 

4.44 

8.74 

10.51 

5.82 

5.05 

5.54 

7.93 

11.19 

13.36 

16.38 

12.26 

Digitized 

102 

for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Year 

Monthly 

Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. 

Quarterly 

IQ JLSL IV Q 

Annual 

223. Personal income in current dollars 

[Annual rate, biions of dollars] Average for period 

1947 187.1 

1948 201.2 

1949 207.9 

1950 216.4 

1951 244.0 

1952 261.2 

1953 282.3 

1954 287.3 

1955 297.8 

1956 322.5 

1957 342.9 

1958 353.8 

1959 373.5 

1960 397.4 

1961 406.6 

1962 431.3 

1963 457.8 

1964 483.4 

1965 521.6 

1966 566.5 

1967 613.5 

1968 656.3 

1969 723.8 

1970 783.3 

1971 840.4 

1972 910.1 

1973 1,011.7 

1974 1,118.4 

1975 1,208.7 

1976 1,338.6 

1977 1,460.4 

1978 1,628.5 

1979 1,853.4 

1980 2,079.2 

1981 2,316.9 

1982 2,518.1 

1947 64l 

1948 71.0 

1949 72.0 

1950 70.5 

1951 76.1 

1952 79.3 

1953 79.8 

1954 80.7 

1955 80.1 

1956 80.3 

1957 82.8 

1958 85.7 

1959 86.8 

1960 87.9 

1961 89.3 

1962 89.9 

1963 91.1 

1964 92.6 

1965 93.6 

1966 95.4 

1967 98.6 

1968 102.0 

1969 106.7 

1970 113.3 

1971 119.2 

1972 123.2 

1973 127.7 

1974 139.7 

1975 156.1 

1976 166.7 

1977 175.3 

1978 187.2 

1979 204.7 

1980 233.2 

1981 260.5 

1982 282.5 

1947 ~ 

1948 1.2 

1949 -.1 

1950 -.4 

1951 1.6 

1952 -.1 

1953 -.3 

1954 2 

1955 0 

1956 -.1 

1957 1 

1958 6 

1959 2 

1960 -.1 

1961 0 

1962 1 

1963 2 

1964 2 

1965 1 

1966 1 

1967 1 

1968 4 

1969 3 

1970 5 

1971 3 

1972 2 

1973 5 

1974 1.1 

1975 7 

1976 4 

1977 6 

1978 .6 

1979 .9 

1980 1.4 

1981 7 

1982 3 

See footnotes at end of this part. 

186.8 

200.8 

207.0 

219.4 

246.7 

265.0 

284.2 

288.3 

299.5 

324.4 

346.1 

353.4 

375.7 

397.6 

408.7 

434.4 

455.8 

485.7 

522.0 

572.0 

614.4 

663.7 

729.9 

788.1 

843.8 

921.7 

1,025.9 

1,124.6 

1,214.3 

1,350.8 

1,477.1 

1,642.9 

1,870.2 

2,089.7 

2,336.5 

2,530.2 

186.5 

204.3 

208.1 

224.5 

249.2 

265.6 

287.0 

287.2 

301.9 

325.8 

347.6 

355.3 

378.7 

397.9 

410.0 

438.1 

457.5 

488.3 

524.9 

575.8 

618.5 

671.2 

736.3 

793.3 

850.1 

927.4 

1,034.9 

1,131.6 

1,219.7 

1,356.2 

1,493.1 

1,663.4 

1,891.8 

2,107.5 

2,361.4 

2,535.8 

183.8 

205.3 

207.2 

219.8 

252.1 

265.2 

287.3 

286.0 

304.9 

328.9 

348.1 

354.4 

382.0 

401.5 

410.7 

440.8 

459.3 

491.8 

528.7 

578.2 

619.8 

676.1 

742.1 

812.8 

854.2 

933.2 

1,042.4 

1,142.1 

1,228.0 

1,365.8 

1,502.6 

1,686.9 

1,902.2 

2,108.5 

2,375.1 

2,549.0 

184.2 

206.6 

206.7 

220.3 

253.5 

268.2 

288.6 

286.9 

307.5 

329.4 

349.7 

355.6 

384.6 

403.0 

413.7 

441.8 

461.7 

495.1 

533.7 

580.6 

622.4 

683.1 

747.0 

808.7 

859.2 

938.9 

1,049.9 

1,157.1 

1,242.1 

1,375.0 

1,514.1 

1,700.9 

1,915.8 

2,116.2 

2,390.6 

2,568.0 

187.0 

210.8 

204.7 

221.4 

255.3 

269.7 

289.8 

287.1 

308.6 

331.4 

352.3 

357.4 

387.1 

403.3 

418.0 

443.2 

465.3 

497.7 

537.8 

585.4 

626.8 

688.8 

752.3 

809.7 

879.0 

931.0 

1,058.5 

1,168.6 

1,272.3 

1,380.2 

1,526.9 

1,720.1 

1,931.9 

2,129.8 

2,416.9 

2,572.5 

187.3 

211.6 

203.2 

225.7 

254.8 

268.7 

289.3 

287.6 

313.3 

330.5 

353.9 

364.0 

387.8 

403.8 

419.8 

444.8 

466.3 

500.5 

540.6 

589.0 

631.5 

695.1 

759.0 

814.3 

869.4 

948.3 

1,068.0 

1,181.9 

1,269.5 

1,394.3 

1,548.2 

1,745.9 

1,965.3 

2,165.4 

2,463.7 

2,589.8 

187.9 

214.0 

204.9 

230.1 

257.8 

276.2 

288.6 

289.1 

313.6 

335.2 

355.5 

363.8 

384.8 

404.1 

420.1 

446.0 

468.6 

504.4 

542.7 

594.1 

635.9 

700.6 

765.1 

819.2 

875.9 

958.7 

1,077.4 

1,186.6 

1,285.6 

1,404.8 

1,559.7 

1,761.6 

1,983.1 

2,184.0 

2,494.6 

2,586.7 

202.7 

214.2 

208.1 

232.2 

258.3 

279.0 

288.6 

290.9 

315.9 

337.6 

354.5 

365.8 

385.7 

404.8 

421.1 

448.3 

471.5 

507.2 

557.5 

599.2 

638.1 

705.6 

769.5 

824.4 

878.7 

964.2 

1,088.3 

1,193.7 

1,295.5 

1,413.5 

1,575.3 

1,777.8 

1,997.4 

2,208.5 

2,514.3 

2,597.4 

194.8 

215.1 

204.5 

235.3 

261.2 

280.1 

290.5 

292.8 

317.5 

341.1 

354.5 

366.6 

386.4 

406.1 

424.8 

449.4 

474.5 

507.8 

554.6 

602.5 

639.8 

710.6 

773.3 

823.0 

882.1 

982.5 

1,098.9 

1,204.5 

1,307.0 

1,422.6 

1,593.5 

1,801.2 

2,016.8 

2,239.4 

2,513.4 

2,617.8 

195.5 

213.9 

206.9 

237.4 

262.1 

279.4 

288.7 

295.4 

319.9 

341.0 

354.7 

370.9 

390.6 

405.6 

428.9 

451.7 

475.7 

511.4 

559.4 

606.6 

646.1 

715.8 

776.0 

825.0 

888.6 

996.1 

1,110.3 

1,204.2 

1,315.2 

1,440.5 

1,608.9 

1,819.5 

2,034.2 

2,264.5 

2,518.7 

2,633.1 

197.9 

211.2 

208.1 

242.8 

263.1 

281.5 

287.8 

296.3 

321.9 

342.9 

353.7 

372.7 

396.2 

403.2 

431.5 

453.7 

480.3 

517.3 

564.2 

608.2 

653.2 

720.4 

781.8 

831.2 

900.0 

1,004.1 

1,115.9 

1,209.9 

1,321.7 

1,452.1 

1,625.0 

1,843.3 

2,052.2 

2,291.2 

2,517.6 

2,645.0 

186.7 

202.0 

207.6 

220.0 

246.6 

263.9 

284.5 

287.6 

299.6 

324.2 

345.5 

354.2 

376.0 

397.6 

408.4 

434.7 

457.0 

485.8 

522.8 

571.4 

615.4 

663.7 

730.0 

788.2 

844.7 

919.7 

1,024.2 

1,124.9 

1,214.2 

1,348.5 

1,476.9 

1,644.9 

1,871.8 

2,092.1 

2,338.3 

2,528.1 

184.9 

207.5 

206.1 

220.4 

253.6 

267.7 

288.6 

286.6 

306.9 

329.8 

350.0 

355.8 

384.6 

402.6 

414.1 

441.9 

462.1 

494.9 

533.4 

581.4 

623.0 

682.7 

747.1 

810.4 

864.1 

934.4 

1,050.3 

1,155.9 

1,247.5 

1,373.7 

1,514.5 

1,702.7 

1,916.6 

2,118.2 

2,394.2 

2,563.2 

192.5 

213.2 

205.3 

229.2 

256.9 

274.6 

288.8 

289.2 

314.2 

334.3 

354.6 

364.5 

386.1 

404.2 

420.3 

446.3 

468.8 

504.0 

546.9 

594.1 

635.2 

700.4 

764.5 

819.3 

874.7 

957.1 

1,077.9 

1,187.4 

1,283.5 

1,404.2 

1,561.1 

1,761.8 

1,981.9 

2,186.0 

2,490.9 

2,591.3 

196.0 

213.3 

206.4 

238.5 

262.1 

280.4 

289.0 

294.7 

319.7 

341.6 

354.2 

370.1 

391.1 

405.0 

428.4 

451.6 

476.9 

512.1 

559.4 

605.7 

646.4 

715.6 

777.0 

826.4 

890.3 

994.2 

1,108.3 

1,206.2 

1,314.6 

1,438.4 

1,609.2 

1,821.3 

2,034.4 

2,265.0 

2,516.6 

2,632.0 

190.1 

209.0 

206.4 

227.2 

254.9 

271.8 

287.7 

289.6 

310.3 

332.6 

351.0 

361.1 

384.4 

402.3 

417.8 

443.6 

466.2 

499.2 

540.7 

588.2 

630.0 

690.6 

754.7 

811.1 

868.4 

951.4 

1,065.2 

1,168.6 

1,265.0 

1,391.2 

1,540.4 

1,732.7 

1,951.2 

2,165.3 

2,435.0 

2,578.6 

320. Consumer price index for al urban 

[1967=100] Average for period 

64.3 

70.4 

71.2 

70.3 

77.0 

78.8 

79.4 

80.6 

80.1 

80.3 

83.1 

85.8 

86.7 

88.0 

89.3 

90.1 

91.2 

92.5 

93.6 

96.0 

98.7 

102.3 

107.1 

113.9 

119.4 

123.8 

128.6 

141.5 

157.2 

167.1 

177.1 

188.4 

207.1 

236.4 

263.2 

283.4 

65.7 

70.2 

71.4 

70.6 

77.3 

78.8 

79.6 

80.5 

80.1 

80.4 

83.3 

86.4 

86.7 

88.0 

89.3 

90.3 

91.3 

92.6 

93.7 

96.3 

98.9 

102.8 

108.0 

114.5 

119.8 

124.0 

129.8 

143.1 

157.8 

167.5 

178.2 

189.8 

209.1 

239.8 

265.1 

283.1 

65.7 

71.2 

71.5 

70.7 

77.4 

79.1 

79.7 

80.3 

80.1 

80.5 

83.6 

86.6 

86.8 

88.5 

89.3 

90.5 

91.3 

92.7 

94.0 

96.7 

99.1 

103.1 

108.7 

115.2 

120.2 

124.3 

130.7 

143.9 

158.6 

168.2 

179.6 

191.5 

211.5 

242.5 

266.8 

284.3 

65.5 

71.7 

71.4 

71.0 

77.7 

79.2 

79.9 

80.6 

80.1 

80.9 

83.8 

86.6 

86.9 

88.5 

89.3 

90.5 

91.3 

92.7 

94.2 

96.8 

99.4 

103.4 

109.0 

115.7 

120.8 

124.7 

131.5 

145.5 

159.3 

169.2 

180.6 

193.3 

214.1 

244.9 

269.0 

287.1 

66.0 

72.2 

71.5 

71.4 

77.6 

79.4 

80.2 

80.7 

80.1 

81.4 

84.3 

86.7 

87.3 

88.7 

89.4 

90.5 

91.7 

92.9 

94.7 

97.1 

99.7 

104.0 

109.7 

116.3 

121.5 

125.0 

132.4 

146.9 

160.6 

170.1 

181.8 

195.3 

216.6 

247.6 

271.3 

290.6 

66.6 

73.1 

71.0 

72.1 

77.7 

80.0 

80.4 

80.7 

80.4 

82.0 

84.7 

86.8 

87.5 

88.7 

89.8 

90.7 

92.1 

93.1 

94.8 

97.4 

100.2 

104.5 

110.2 

116.7 

121.8 

125.5 

132.7 

148.0 

162.3 

171.1 

182.6 

196.7 

218.9 

247.8 

274.4 

292.2 

67.3 

73.4 

71.2 

72.7 

77.7 

80.1 

80.6 

80.6 

80.2 

81.9 

84.8 

86.7 

87.4 

88.7 

89.7 

90.7 

92.1 

93.0 

94.6 

97.9 

100.5 

104.8 

110.7 

116.9 

122.1 

125.7 

135.1 

149.9 

162.8 

171.9 

183.3 

197.8 

221.1 

249.4 

276.5 

292.8 

68.9 

73.4 

71.5 

73.2 

78.2 

80.0 

80.7 

80.4 

80.5 

82.0 

84.9 

86.7 

87.7 

88.8 

89.9 

91.2 

92.1 

93.2 

94.8 

98.1 

100.7 

105.1 

111.2 

117.5 

122.2 

126.2 

135.5 

151.7 

163.6 

172.6 

184.0 

199.3 

223.4 

251.7 

279.3 

293.3 

68.9 

73.1 

71.1 

73.6 

78.6 

80.1 

80.9 

80.2 

80.5 

82.5 

84.9 

86.7 

88.0 

89.2 

89.9 

91.1 

92.2 

93.3 

94.9 

98.5 

101.0 

105.7 

111.6 

118.1 

122.4 

126.6 

136.6 

153.0 

164.6 

173.3 

184.5 

200.9 

225.4 

253.9 

279.9 

294.1 

69.3 

72.6 

71.2 

73.9 

79.0 

80.1 

80.6 

80.3 

80.6 

82.5 

85.2 

86.8 

88.0 

89.3 

89.9 

91.1 

92.3 

93.5 

95.1 

98.5 

101.3 

106.1 

112.2 

118.5 

122.6 

126.9 

137.6 

154.3 

165.6 

173.8 

185.4 

202.0 

227.5 

256.2 

280.7 

293.6 

70.2 

72.1 

70.8 

74.9 

79.3 

80.0 

80.5 

80.1 

80.4 

82.7 

85.2 

86.7 

88.0 

89.3 

89.9 

91.0 

92.5 

93.6 

95.4 

98.6 

101.6 

106.4 

112.9 

119.1 

123.1 

127.3 

138.5 

155.4 

166.3 

174.3 

186.1 

202.9 

229.9 

258.4 

281.5 

292.4 

64.8 

70.5 

71.5 

70.5 

76.8 

79.0 

79.6 

80.6 

80.1 

80.3 

83.1 

86.0 

86.7 

88.0 

89.3 

90.1 

91.2 

92.6 

93.6 

95.9 

98.7 

102.4 

107.3 

113.9 

119.5 

123.7 

128.7 

141.4 

157.0 

167.1 

176.9 

188.5 

207.0 

236.5 

262.9 

283.0 

65.7 

71.7 

71.5 

71.0 

77.6 

79.2 

79.9 

80.5 

80.1 

80.9 

83.9 

86.6 

87.0 

88.6 

89.3 

90.5 

91.4 

92.8 

94.3 

96.9 

99.4 

103.5 

109.1 

115.7 

120.8 

124.7 

131.5 

145.4 

159.5 

169.2 

180.7 

193.4 

214.1 

245.0 

269.0 

287.3 

67.6 

73.3 

71.2 

72.7 

77.9 

80.0 

80.6 

80.6 

80.4 

82.0 

84.8 

86.7 

87.5 

88.7 

89.8 

90.9 

92.1 

93.1 

94.7 

97.8 

100.5 

104.8 

110.7 

117.0 

122.0 

125.8 

134.4 

149.9 

162.9 

171.9 

183.3 

197.9 

221.1 

249.6 

276.7 

292.8 

69.5 

72.6 

71.0 

74.1 

79.0 

80.1 

80.7 

80.2 

80.5 

82.6 

85.1 

86.7 

88.0 

89.3 

89.9 

91.1 

92.3 

93.5 

95.1 

98.5 

101.3 

106.1 

112.2 

118.6 

122.7 

126.9 

137.6 

154.2 

165.5 

173.8 

185.3 

201.9 

227.6 

256.2 

280.7 

293.4 

66.9 

72.1 

71.4 

72.1 

77.8 

79.5 

80.1 

80.5 

80.2 

81.4 

84.3 

86.6 

87.3 

88.7 

89.6 

90.6 

91.7 

92.9 

94.5 

97.2 

100.0 

104.2 

109.8 

116.3 

121.3 

125.3 

133.1 

147.7 

161.2 

170.5 

181.5 

195.4 

217.4 

246.8 

272.4 

289.1 

320c. Change in consumer price index for al urban 

[Percent] 

consumers over 1-month spans4 

Average for period 

0.6 

-.1 

-.4 

.4 

1.8 

-.1 

-.1 

.2 

.2 

.1 

.4 

.2 

-.1 

.1 

.1 

.3 

.1 

-.1 

0 

.6 

.2 

.4 

.5 

.5 

.2 

.4 

.6 

1.2 

.5 

.1 

.9 

.5 

1.0 

1.1 

1.8 

-.7 

-.1 

.1 

.2 

-.2 

.1 

-.2 

0 

.1 

.2 

.7 

0 

0 

0 

.2 

.1 

.1 

.1 

.2 

0 

.3 

.7 

.4 

.2 

.1 

.9 

1.0 

.4 

.2 

.5 

.7 

1.0 

1.5 

0 

1.4 

.1 

.1 

.1 

.3 

.1 

-.2 

0 

.1 

.3 

.2 

0 

.5 

-.1 

.1 

-.1 

.1 

.3 

.4 

.2 

.3 

.5 

.5 

.3 

.2 

.7 

.6 

.4 

.2 

.7 

.8 

1.0 

.9 

.4 

.2 

-0.1 

.8 

-.1 

.5 

.3 

0 

.1 

.3 

-.1 

.4 

.2 

0 

.2 

.1 

.1 

.1 

.1 

.1 

.3 

.2 

.2 

.3 

.3 

.4 

.4 

.2 

.6 

1.0 

.3 

.4 

.4 

.8 

1.1 

1.0 

.9 

1.0 

0.6 

.6 

.1 

.5 

-.2 

.2 

.3 

0 

0 

-.2 

.3 

.1 

.4 

.1 

.4 

.5 

.6 

.3 

.5 

.2 

.5 

.8 

.7 

.5 

.5 

.8 

1.0 

1.0 

0.7 

1.0 

-.9 

.7 

-.1 

.6 

0 

-.3 

0 

.2 

.3 

.5 

.5 

.3 

.3 

.3 

.2 

.7 

1.0 

.6 

.5 

.8 

1.1 

.1 

1.1 

.6 

0.8 

.1 

0 

.6 

-.2 

0 

.2 

0 

-.1 

.1 

.3 

.1 

.1 

.1 

0 

.2 

.1 

0 

-.1 

.6 

.4 

.4 

.5 

.3 

.2 

.2 

1.8 

1.2 

.3 

.5 

.4 

.6 

1.1 

.7 

2.0 

-.3 

.2 

.6 

.6 

-.2 

.2 

-.2 

.4 

.1 

.1 

0 

.3 

0 

.1 

.5 

-.1 

.2 

.2 

.2 

.4 

.4 

.5 

.5 

.2 

.4 

.3 

1.3 

.7 

.6 

.4 

.9 

1.1 

.9 

1.0 

.1 

0.3 

-.2 

-.4 

.6 

.6 

.2 

.2 

-.3 

0 

.6 

0 

0 

.3 

.5 

0 

-.1 

.1 

.1 

.1 

.4 

.2 

.5 

.4 

.5 

.2 

.3 

.9 

.9 

.7 

.5 

.4 

.9 

1.1 

1.1 

.4 

.4 

0.7 

-.6 

.2 

.5 

.5 

0 

-.3 

.1 

.1 

.1 

..4 

.1 

0 

.1 

0 

.1 

.2 

.2 

.3 

0 

.4 

.4 

.5 

.3 

.2 

.4 

.7 

.4 

.7 

.7 

1.2 

1.0 

.5 

0 

1.4 

-.5 

-.4 

1.5 

.6 

.1 

0 

0 

0.1 

-.2 

0 

1.2 

-.1 

-.1 

.1 

.1 

0 

.2 

.5 

0 

0 

0 

.2 

.1 

.1 

.1 

.3 

.1 

.4 

.5 

.5 

.2 

.2 

.7 

1.1 

.5 

.2 

.7 

.6 

1.0 

1.3 

0.2 

.9 

0 

.4 

.1 

.2 

.2 

0 

-.1 

.3 

.3 

0 

.2 

.2 

0 

0 

1.2 

.3 

-.2 

.6 

.1 

.1 

.1 

-.2 

.1 

.2 

0 

.2 

0 

.1 

.3 

.1 

.1 

0 

.3 

.4 

.4 

.5 

.4 

.2 

.3 

.7 

.6 

.4 

.8 

1.1 

.6 

1.0 

.3 

0.8 

-.4 

-.2 

.9 

.6 

.1 

0 

-.1 

0 

.4 

.2 

.1 

.1 

.2 

0 

0 

.2 

.1 

.3 

.2 

.3 

.4 

.5 

.4 

.3 

.3 

.6 

.5 

.5 

.7 

1.1 

1.0 

.4 

0 

0.2 

-.1 

.5 

.5 

.1 

0 

0 

0 

.2 

.2 

.2 

.1 

.1 

0 

.1 

.1 

.1 

.2 

.3 

.3 

.4 

.5 

.4 

.3 

.3 

.7 

1.0 

.6 

.4 

.5 

.7 

1.1 

1.0 

.7 

.3 

103 

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Year Jan. Feb. Mar. Apr

. May 

Monthly 

July Aug. Sept. Oct. Nov. Pec. 

Quarterly 

MO WO IVQ 

320c. Chance in c i prict index tar el urban 

[Annual rate, percent] Average for period 

1947 

1948 8.1 

1949 -3.2 

1950 0 

1951 12.0 

1952 2.3 

1953 -.1 

1954 -.6 

1955 5 

1956 7 

1957 3.3 

1958 4.5 

1959 6 

1960 1.4 

1961 5 

1962 1.7 

1963 7 

1964 1.4 

1965 1.7 

1966 4.0 

1967 1.2 

1968 4.2 

1969 5.6 

1970 6.6 

1971 3.6 

1972 3.1 

1973 6.9 

1974 11.3 

1975 7.7 

1976 4.4 

1977 7.4 

1978 7.7 

1979 10.7 

1980 15.4 

1981 9.9 

1982 2.9 

1947 67T" 

1948 76.5 

1949 74.6 

1950 71.4 

1951 80.9 

1952 84.8 

1953 83.4 

1954 83.5 

1955 81.6 

1956 80.7 

1957 83.4 

1958 87.4 

1959 87.9 

1960 86.8 

1961 89.4 

1962 89.2 

1963 91.1 

1964 92.0 

1965 92.7 

1966 96.8 

1967 99.5 

1968 101.6 

1969 105.9 

1970 113.6 

1971 115.7 

1972 120.7 

1973 129.0 

1974 154.1 

1975 171.5 

1976 181.5 

1977 183.9 

1978 199.2 

1979 224.1 

1980 244.1 

1981 268.9 

1982 281.3 

1947 

1948 1.3 

1949 -.3 

1950 -.8 

1951 2.4 

1952 -.1 

1953 -.7 

1954 7 

1955 -.1 

1956 -.4 

1957 -.1 

1958 2.0 

1959 2 

1960 -.1 

1961 -.2 

1962 5 

1963 1.1 

1964 2 

1965 -.4 

1966 6 

1967 -.4 

1968 2 

1969 2 

1970 3 

1971 -.3 

1972 -.3 

1973 1.7 

1974 1.2 

1975 5 

1976 -.3 

1977 3 

1978 8 

1979 1.6 

1980 .5 

1981 4 

.1982 7 

8.3 

-2.1 .6 

11.5 

1.3 .2 .6 

0 

1.2 

3.5 

3.7 .6 

1.5 .3 

1.7 .7 

1.2 

1.8 

3.9 

1.6 

4.0 

5.3 

6.3 

3.7 

3.1 

7.4 

11.8 

6.5 

3.9 

7.5 

8.1 

11.6 

15.0 

9.6 

4.0 

6.5 

-.9 

2.4 

7.8 .5 .6 .5 

-.2 

2.1 

3.5 

3.2 

1.1 

1.4 .1 

1.2 

1.5 .9 

2.3 

3.4 

2.2 

4.4 

5.9 

5.7 

3.7 

2.8 

7.8 

12.0 

6.1 

3.8 

7.6 

8.9 

12.7 

14.7 

9.1 

5.5 

7.1 

6.2 

-2.5 

4.7 

4.2 

1.7 

1.1 

-.5 

0 

3.5 

3.8 

1.8 .9 

1.3 .7 

1.3 

1.7 .5 

2.0 

3.6 

2.7 

4.6 

6.3 

5.4 

3.9 

2.9 

7.2 

11.3 

6.7 

4.1 

7.3 

9.1 

13.2 

11.8 

10.0 

6.1 

7.5 

6.7 

-1.8 

5.1 .2 

1.9 

1.9 

-.9 

-.6 

3.3 

3.6 

1.7 

1.2 

1.3 .6 

1.1 

1.7 .8 

1.8 

3.5 

3.1 

4.5 

6.2 

5.0 

4.1 

2.6 

9.7 

11.3 

6.3 

4.8 

6.2 

9.4 

13.2 

10.9 

10.1 

6.6 

7.9 

7.5 

-1.3 

6.0 

1.1 

2.0 

1.9 

-1.0 .3 

3.4 

3.4 .2 

1.9 

1.4 

1.0 

1.6 

1.4 .9 

2.0 

3.5 

3.9 

4.7 

5.8 

5.1 

4.0 

3.2 

8.5 

11.9 

6.9 

5.7 

6.0 

9.8 

13.5 

9.7 

10.6 

6.9 

8.6 

4.2 

-2.2 

7.2 

2.0 

1.6 

2.1 

-1.1 .3 

4.3 

2.6 

-.2 

2.4 

1.3 

1.1 

1.0 

1.7 

1.1 

1.7 

3.6 

3.9 

5.1 

5.6 

5.1 

3.7 

3.6 

8.9 

12.7 

7.6 

6.2 

5.5 

10.1 

13.8 

10.1 

10.5 

7.2 

10.4 

1.3 

-1.8 

7.2 

2.5 

1.5 

1.2 

-1.3 .7 

3.6 

3.0 

0 

2.2 

1.5 

1.0 

1.0 

1.9 

1.4 

1.7 

3.3 

4.3 

5.3 

6.2 

4.9 

3.3 

3.9 

9.3 

12.5 

8.3 

6.1 

6.0 

9.9 

13.8 

10.1 

9.6 

5.1 

12.4 

-1.0 

-2.7 

9.4 

4.1 

1.3 .7 

-1.4 

1.0 

3.6 

2.5 .3 

1.9 

1.5 

1.2 

1.2 

1.8 

1.5 

1.6 

3.2 

4.1 

5.1 

6.1 

5.2 

3.2 

4.0 

9.8 

12.5 

8.0 

6.1 

5.9 

9.2 

14.1 

10.1 

8.8 

2.3 

13.5 

-3.3 

-1.6 

11.3 

4.2 

-.3 

1.2 

-.9 .5 

2.8 

3.2 .8 

1.6 

1.9 .7 

1.4 

1.6 

1.6 

1.8 

3.1 

4.2 

4.7 

6.3 

5.0 

3.0 

4.4 

11.8 

12.4 

6.8 

6.2 

6.2 

9.5 

14.7 

11.6 

6.9 

1.4 

11.5 

-4.2 

-.8 

14.0 

4.4 

-.6 

1.0 

-.4 

1.1 

3.6 

2.9 .4 

1.7 

1.7 

1.1 

1.3 

1.1 

1.6 

3.4 

2.3 

4.2 

4.8 

6.4 

4.7 

3.3 

5.2 

10.5 

10.8 

6.4 

7.1 

6.4 

10.4 

14.8 

11.6 

5.3 .4 

5.8 

-3.7 

-1.0 

13.1 

2.8 

0 .3 

0 .3 

3.8 

4.0 .4 

1.1 

1.5 

1.3 .6 

1.4 

1.4 

3.5 

1.6 

4.0 

5.6 

6.2 

4.0 

3.1 

6.1 

12.0 

8.9 

5.3 

7.0 

7.0 

10.6 

15.7 

11.4 

3.1 .5 

7.6 

-2.1 

1.0 

10.4 

1.4 .2 .2 .1 

1.3 

3.4 

3.8 .8 

1.4 .3 

1.5 

1.0 

1.2 

1.9 

3.8 

1.7 

4.2 

5.6 

6.2 

3.7 

3.0 

7.4 

11.7 

6.8 

4.0 

7.5 

8.2 

11.7 

15.0 

9.5 

4.1 

7.5 

6.8 

-1.9 

5.3 

1.8 

1.9 

1.6 

-.8 

-.1 

3.4 

3.6 

1.2 

1.3 

1.3 .8 

1.3 

1.6 .7 

1.9 

3.5 

3.2 

4.6 

6.1 

5.2 

4.0 

2.9 

8.5 

11.5 

6.6 

4.9 

6.5 

9.4 

13.3 

10.8 

10.2 

6.5 

10.5 

1.5 

-2.2 

7.9 

2.9 

1.5 

1.3 

-1.3 .7 

3.8 

2.7 

0 

2.2 

1.4 

1.1 

1.1 

1.8 

1.3 

1.7 

3.4 

4.1 

5.2 

6.0 

5.1 

3.4 

3.8 

9.3 

12.6 

8.0 

6.1 

5.8 

9.7 

13.9 

10.1 

9.6 

4.9 

10.3 

-3.7 

-1.1 

12.8 

3.8 

-.3 .6 

3.4 

3.4 .5 

1.5 

1.7 

1.0 

1.1 

1.4 

1.5 

2.9 

2.3 

4.1 

5.0 

6.3 

4.6 

3.1 

5.2 

11.4 

10.7 

6.2 

6.8 

6.5 

10.2 

15.1 

11.5 

5.1 

3.0 

-1.8 

6.8 

4.7 

1.1 

1.0 

-.6 .3 

3.0 

3.3 

1.4 

1.4 

1.5 .8 

1.3 

1.4 

1.2 

2.1 

3.2 

3.3 

4.8 

6.0 

5.2 

3.6 

3.7 

9.2 

11.6 

6.9 

5.4 

6.6 

9.4 

13.5 

11.9 

8.6 

4.1 

322. price index for a

l urban 

[1967=100} 

67.7 

76.0 

74.2 

72.4 

83.7 

84.0 

83.0 

83.6 

82.2 

80.6 

84.2 

87.8 

87.4 

86.7 

89.5 

89.6 

91.2 

92.0 

92.5 

98.3 

99.3 

102.0 

105.9 

114.2 

116.0 

122.3 

131.0 

157.4 

171.7 

179.8 

187.5 

201.4 

227.7 

244.3 

270.3 

282.6 

69.7 

74.3 

74.2 

72.3 

83.2 

83.7 

83.0 

83.3 

82.3 

80.8 

83.9 

89.5 

87.0 

86.9 

89.4 

89.9 

91.0 

92.0 

92.9 

99.1 

99.2 

102.4 

106.3 

114.2 

116.9 

122.2 

134.3 

159.0 

171.5 

178.7 

188.5 

203.9 

230.0 

247.0 

272.0 

282.8 

69.0 

76.2 

74.3 

72.3 

82.8 

84.3 

82.5 

83.2 

82.3 

81.1 

84.0 

89.8 

86.7 

88.1 

89.2 

90.0 

90.6 

92.0 

93.3 

99.2 

98.8 

102.7 

106.9 

114.5 

117.7 

122.2 

136.4 

158.7 

171.2 

178.7 

190.8 

207.1 

231.9 

248.6 

272.3 

283.3 

68.7 

77.2 

74.0 

72.9 

83.0 

84.2 

82.6 

83.3 

81.8 

81.7 

84.2 

89.4 

86.5 

88.1 

89.0 

89.9 

90.8 

92.0 

94.1 

98.9 

98.9 

103.1 

107.5 

115.0 

118.2 

122.5 

138.3 

160.0 

171.8 

179.4 

191.6 

210.2 

234.2 

250.2 

272.4 

285.4 

69.1 

77.7 

74.2 

73.7 

82.3 

84.0 

83.3 

83.2 

81.3 

82.5 

84.8 

88.9 

87.0 

88.1 

88.7 

89.6 

91.1 

92.2 

95.6 

98.8 

99.7 

103.2 

108.7 

115.0 

118.9 

122.8 

139.7 

159.9 

173.6 

179.8 

192.9 

213.3 

234.8 

251.4 

272.9 

287.1 

69.7 

78.2 

72.8 

75.1 

82.0 

84.7 

82.7 

83.3 

81.4 

83.4 

85.4 

88.5 

86.9 

87.8 

89.0 

89.3 

91.5 

92.3 

95.5 

98.4 

100.1 

103.6 

109.3 

115.1 

119.1 

123.5 

140.0 

159.4 

176.9 

180.6 

193.4 

214.3 

236.1 

254.0 

275.3 

287.6 

70.8 

77.9 

72.9 

75.6 

81.7 

84.9 

83.1 

83.1 

81.1 

82.6 

86.3 

88.4 

86.8 

72.8 

77.3 

73.5 

75.7 

82.0 

84.3 

83.3 

82.3 

81.7 

82.8 

85.8 

88.1 

87.0 

88.2 

89.7 90.7 

91.6 91.2 

92.2 92.8 

95.0 

99.8 

100.6 

103.9 

109.9 

115.1 

119.2 

123.7 

148.3 

161.6 

176.9 

181.3 

194.2 

215.0 

235.8 

258.2 

276.9 

286.9 

94.9 

100.1 

100.6 

104.5 

110.7 

115.7 

119.1 

124.8 

148.0 

164.9 

178.2 

182.2 

194.8 

216.0 

237.4 

261.2 

278.0 

287.5 

73.1 

76.7 

72.8 

76.4 

83.3 

84.4 

83.4 

82.0 

81.4 

83.1 

85.6 

87.9 

87.1 

89.0 

89.0 

90.5 

91.1 

92.8 

95.3 

100.4 

100.8 

105.4 

110.9 

116.0 

119.5 

125.5 

148.9 

166.7 

179.8 

183.0 

195.3 

217.7 

239.2 

263.4 

278.7 

288.1 

73.8 

75.3 

72.9 

76.6 

84.0 

84.4 

82.4 

81.9 

81.0 

83.4 

85.6 

88.1 

87.0 

89.4 

88.8 

90.7 

91.5 

93.1 

95.6 

100.2 

101.1 

105.4 

112.0 

115.8 

119.9 

126.2 

150.8 

168.8 

181.0 

182.9 

197.0 

219.2 

240.7 

266.2 

278.9 

288.2 

75.5 

74.8 

72.0 

79.0 

84.9 

84.0 

82.9 

81.7 

81.0 

83.5 

85.7 

87.7 

86.9 

89.6 

88.8 

90.1 

91.8 

93.1 

96.2 

99.9 

101.4 

105.7 

113.3 

116.0 

121.1 

126.9 

152.2 

170.7 

182.1 

183.3 

197.7 

220.5 

243.0 

267.9 

279.4 

288.1 

68.1 

75.6 

74.3 

72.0 

82.6 

84.2 

83.1 

83.5 

82.0 

80.7 

83.8 

88.2 

87.4 

86.8 

89.4 

89.6 

91.1 

92.0 

92.7 

98.1 

99.3 

102.0 

106.0 

114.0 

116.2 

121.7 

131.4 

156.8 

171.6 

180.0 

186.6 

201.5 

227.3 

245.1 

270.4 

282.2 

77.0 

74.2 

73.0 

82.7 

84.2 

82.8 

83.2 

81.8 

81.8 

84.3 

89.4 

86.7 

88.1 

89.0 

89.8 

90.8 

92.1 

94.3 

99.0 

99.1 

103.0 

107.7 

114.8 

118.3 

122.5 

138.1 

159.5 

172.2 

179.3 

191.8 

210.2 

233.6 

250.1 

272.5 

285.3 

71.1 

77.8 

73.1 

75.5 

81.9 

84.6 

83.0 

82.9 

81.4 

82.9 

85.8 

88.3 

86.9 

88.0 

88.9 

89.9 

91.4 

92.4 

95.1 

99.4 

100.4 

104.0 

110.0 

115.3 

119.1 

124.0 

145.4 

162.0 

177.3 

181.4 

194.1 

215.1 

236.4 

257.8 

276.7 

287.3 

74.1 

75.6 

72.6 

77.3 

84.1 

84.3 

82.9 

81.9 

81.1 

83.3 

85.6 

87.9 

87.0 

89.3 

88.9 

90.4 

91.5 

93.0 

95.7 

100.2 

101.1 

105.5 

112.1 

115.9 

120.2 

126.2 

150.6 

168.7 

181.0 

183.1 

196.7 

219.1 

241.0 

265.8 

279.0 

288.1 

70.6 

76.6 

73.5 

74.5 

82.8 

84.3 

83.0 

82.8 

81.6 

82.2 

84.9 

88.5 

87.1 

88.0 

89.1 

89.9 

91.2 

92.4 

94.4 

99.1 

100.0 

103.6 

108.9 

114.9 

118.4 

123.5 

141.4 

161.7 

175.4 

180.8 

192.2 

211.4 

234.5 

254.6 

274.6 

285.7 

322c. Change in consumer price index for al urban consumers, food, over 1-month spans4 

[Percent] 

1.0 .7 

-.5 

1.4 

3.5 

-.9 

-.5 .1 .7 

-.1 

1.0 .5 

-.6 

-.1 .1 .4 .1 

0 

-.2 

1.5 

-.2 .4 

0 

.5 .3 

1.3 

1.6 

2.1 .1 

-.9 

2.0 

1.1 

1.6 .1 .5 .5 

3.0 

-2.2 

0 

-.1 

-.6 

-.4 

0 

-.4 .1 .2 

-.4 

1.9 

-.5 .2 

-.1 .3 

-.2 

0 

-.1 .4 .4 

0 

.8 

-.1 

2.5 

1.0 

-.1 

-.6 .5 

1.2 

1.0 

1.1 

.6 .1 

-1.0 

2.6 .1 

0 

-.5 .7 

-.6 

-.1 

0 

.4 .1 .3 

-.3 

1.4 

-.2 .1 

-.4 

0 

.4 .1 

-.4 .3 .6 .3 .7 

0 

1.6 

-.2 

-.2 

0 

1.2 

1.6 .8 

.6 .1 .2 

-0.4 

1.3 

-.4 .8 .2 

-.1 .1 .1 

-.6 .7 .2 

-.4 

-.2 

0 

-.2 

-.1 .2 

0 

.9 

-.3 .1 .4 

.6 .4 .4 .2 

1.4 .8 .4 .4 .4 

1.5 

1.0 

.6 

0 

.7 

0.6 

.6 .3 

1.1 

-.6 

1.0 .7 

-.6 .6 

0 

-.3 

-.3 .3 .2 

1.6 

-.1 .8 .1 

1.1 

0 

.6 .2 

1.0 

-.1 

1.0 .2 .7 

1.5 .3 .5 .2 .6 

0.9 

.6 

-1.9 

1.9 

-.4 .8 

-.7 .1 .1 

1.1 .7 

-.4 

-.1 

-.3 .3 

-.3 .4 .1 

-.1 

-.4 .4 .4 .6 .1 .2 

.6 .2 

-.3 

1.9 .4 .3 .5 .6 

1.0 .9 .2 

1.6 

-.4 .1 .7 

-.4 .2 .5 

-.2 

-.4 

-1.0 

1.1 

-.1 

-.1 .3 

-.2 .4 .1 

-.1 

-.5 

1.4 .5 .3 .5 

0 

.1 .2 

5.9 

1.4 

0 

.4 .4 .3 

-.1 

1.7 .6 

-.2 

2.8 .1 .4 

-.7 .2 

-1.0 .7 .2 

-.6 

-.3 .2 .1 

0 

0 

.6 .7 .5 

-.1 .9 

-.2 

2.0 .7 .5 .3 .5 .7 

1.2 .4 .2 

0.4 

-.8 

-1.0 .9 

1.6 .1 .1 

-.4 

-.4 .4 

-.2 

-.2 .1 .9 .2 

-.2 

-.1 

0 

.4 .3 .2 .9 .2 .3 .3 .6 

.6 

1.1 .9 .4 .3 

1.0 

-1.8 .1 .3 .8 

0 

-1.2 

-.1 

-.5 .4 

0 

.2 

-.1 .4 

-.2 .2 .4 .3 .3 

-.2 .3 

0 

1.0 

-.2 .3 .6 

1.3 

1.3 .7 

-.1 .9 .7 .6 

1.1 .1 

0 

2.3 

-.7 

-1.2 

3.1 

1.1 

-.5 

.6 

-.2 

0 

.1 .1 

-.5 

.2 

0 

-.7 .3 

0 

.6 

-.3 .3 .3 

1.2 .2 

1.0 .6 .9 

1.1 

.6 .2 .4 .6 

1.0 

.6 .2 

0 

-0.5 

-.3 .2 

1.8 

-.5 

-.4 .1 .2 

-.1 .2 

1.5 

-.3 

0 

-.1 .4 .3 .1 

-.1 

1.0 

-.2 .3 .2 .3 .3 .3 

1.9 

1.4 .2 

-.6 .9 

1.0 

1.4 

.6 .5 .4 

-0.3 

1.5 

0 

.6 

-.4 .1 

-.4 .7 .3 

-.2 

0 

.5 

-.2 

-.1 

0 

.1 

1.0 

-.1 .2 .3 .1 

1.3 .2 .4 .2 .8 

1.5 .7 .6 .1 .5 

Average for period 

1.8 

-.2 

-.3 .9 

-.1 

0 

-.4 .1 .1 .4 

-.3 

0 

0 

0 

.4 

0 

.2 

-.2 .4 .3 .4 

.6 .2 .1 

.6 

2.0 

1.0 .9 .4 .3 .4 .4 

1.3 

.6 .1 

1.2 

-1.1 

-.7 

1.4 

1.2 

-.1 

-.2 

-.2 

-.3 .3 

0 

-.2 

0 

.5 

0 

-.2 .2 .1 .4 

-.1 .3 .4 .8 .1 .5 .6 

.9-

1.2 .7 .2 .5 .7 .8 .8 .2 .1 

-0.1 

-.3 .8 

.6 

-.1 

-.1 

-.1 

-.1 .2 .2 .2 

-.1 .2 

-.1 .2 .1 .3 .3 .1 .4 .6 .2 .4 .4 

1.5 

1.0 .5 

0 

.6 .9 

104 

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Year 

Monthly 

Jan. Feb. Mar. 

322c. Change in c 

JBL MilJune 

r price index for al urban consumers, food, 

[Annual rate, percent] 

July Aug. Sept. 

over 6-month spans4 

Quarterly 

Oct. Nov. Dec. | I Q IIQ III 0 IV0 

Average for period 

Annual 

1947 

1948 8.7 

1949 -6.2 

1950 -1.4 

1951 17.5 

1952 2.4 

1953 -4.5 

1954 -.5 

1955 7 

1956 -.7 

1957 2.2 

1958 10.1 

1959 -2.7 

1960 2.3 

1961... 4 

1962. 2.3 

1963 2 

1964 2.0 

1965 1.1 

1966 8.4 

1967 -3.2 

1968 3.8 

1969 2.9 

1970 6.6 

1971 3.0 

1972 4.6 

1973 18.1 

1974 13.6 

1975 5.5 

1976 -1.2 

1977 8.7 

1978 12.4 

1979 13.5 

1980 8.0 

1981 6.9 

1982 3.3 

1947 7l2 ~ 

1948 82.9 

1949 81.6 

1950 77.6 

1951 91.2 

1952 89.7 

1953 87.2 

1954 88.0 

1955 87.4 

1956 88.8 

1957 92.7 

1958 94.3 

1959 94.8 

1960 94.7 

1961 95.2 

1962 95.0 

1963 94.7 

1964 95.2 

1965 95.2 

1966 98.6 

1967 100.1 

1968 101.1 

1969 104.3 

1970 109.3 

1971 111.8 

1972 116.3 

1973 124.5 

1974 146.6 

1975 171.8 

1976 179.4 

1977 188.1 

1978 200.1 

1979 220.8 

1980 254.9 

1981 284.8 

1982 298.3 

1947 bX 

1948 1.8 

1949 -1.2 

1950 0 

1951 2.5 

1952 -.4 

1953 2 

1954 7 

1955 6 

1956 6 

1957 4 

1958 2 

1959 2 

1960 4 

1961 4 

1962 4 

1963 1 

1964 7 

1965 3 

1966 5 

1967 3 

1968 3 

1969 7 

1970 6 

1971 7 

1972 6 

1973 1.3 

1974 3.4 

1975 2 

1976 4 

1977 5 

1978 1.0 

1979 1.5 

1980 2.1 

1981 1.4 

1982 8 

9.4 

-3.4 

0 

17.4 

.5 

-4.2 

2.2 

-.2 

1.7 

1.9 

9.1 

-3.6 

2.5 

-.9 

2.5 

.2 

1.1 

2.2 

7.0 

-2.6 

4.0 

4.0 

5.4 

4.2 

4.4 

20.1 

12.6 

3.6 

-1.8 

9.7 

13.8 

14.2 

8.0 

4.7 

4.7 

5.9 

-1.6 

4.8 

8.5 

-2.1 

-1.7 

.7 

-1.0 

3.7 

3.1 

7.6 

-1.6 

2.8 

-2.0 

1.8 

2.2 

.9 

5.4 

5.5 

-.4 

3.6 

5.8 

3.0 

5.1 

2.8 

21.2 

10.4 

3.4 

-2.5 

10.7 

16.4 

13.4 

7.0 

3.8 

5.6 

8.2 

4.5 

-4.8 

10.6 

2.7 

-.2 

-1.7 

-.5 

-.5 

6.8 

4.9 

2.5 

-2.3 

2.3 

-.9 

.2 

.9 

.7 

6.1 

3.3 

1.2 

4.0 

6.5 

2.7 

6.0 

4.7 

17.8 

7.0 

6.4 

-1.0 

10.6 

15.7 

11.0 

8.3 

4.8 

4.5 

9.4 

5.1 

-3.5 

9.0 

-4.7 

2.2 

.2 

-1.2 

-2.7 

5.0 

5.1 

1.4 

-1.4 

3.3 

-1.6 

.2 

.9 

.4 

5.5 

3.1 

2.6 

3.8 

7.7 

1.6 

5.6 

2.3 

28.2 

5.4 

6.1 

1.7 

7.3 

14.0 

7.2 

11.7 

4.9 

3.1 

9.1 

8.2 

-1.9 

9.6 

-2.9 

1.4 

.7 

-2.4 

-1.5 

5.0 

4.6 

-3.1 

0 

3.0 

-1.3 

1.8 

.4 

1.7 

4.4 

2.0 

2.8 

4.1 

8.4 

2.6 

3.8 

4.3 

21.4 

7.6 

8.0 

4.0 

6.8 

12.2 

6.5 

11.8 

4.5 

3.4 

12.2 

1.3 

-4.0 

11.7 

1.2 

.2 

2.2 

-2.9 

-2.2 

5.0 

3.8 

-4.2 

.9 

2.1 

-.4 

1.1 

1.1 

1.7 

4.3 

2.4 

4.1 

5.3 

7.6 

2.6 

3.1 

5.5 

19.2 

10.3 

10.3 

4.9 

4.8 

10.5 

6.4 

12.3 

4.8 

3.4 

15.4 

-4.9 

-3.0 

10.4 

2.4 

.5 

-.5 

-3.3 

-1.9 

4.2 

3.4 

-2.9 

1.2 

3.0 

-.4 

1.8 

1.5 

2.4 

3.2 

2.6 

4.5 

4.5 

8.5 

1.4 

2.9 

6.1 

18.9 

11.3 

11.0 

3.9 

5.7 

8.7 

5.6 

13.2 

4.8 

2.0 

19.4 

-7.3 

-5.8 

14.9 

6.4 

0 

-1.0 

-3.6 

-.7 

2.4 

2.1 

-2.7 

-.2 

3.4 

.2 

1.1 

1.5 

2.0 

1.3 

2.2 

3.4 

4.9 

8.6 

1.7 

3.7 

6.8 

18.7 

14.0 

10.0 

3.9 

5.0 

6.9 

7.1 

13.6 

4.8 

.7 

20.5 

-9.0 

-3.8 

16.0 

6.9 

-3.0 

1.9 

-4.0 

-1.7 

0 

4.7 

-1.4 

-.2 

3.7 

.4 

4.1 

1.1 

.9 

2.7 

2.2 

3.0 

4.5 

8.0 

1.0 

2.7 

9.1 

21.2 

15.8 

5.3 

3.7 

6.1 

9.4 

6.9 

12.1 

4.4 

.5 

15.2 

-9.3 

-1.4 

22.6 

5.7 

-4.4 

1.2 

-2.2 

-1.2 

3.9 

3.5 

-2.2 

-.2 

3.2 

1.8 

3.4 

.9 

.7 

7.1 

-1.0 

2.8 

3.9 

8.0 

1.6 

5.3 

12.2 

12.6 

12.9 

3.3 

7.0 

7.6 

12.2 

7.3 

9.6 

4.2 

1.0 

4.2 

-7.9 

-3.2 

20.8 

4.2 

-3.1 

0 

0 

-2.2 

2.7 

8.8 

-2.5 

-.2 

2.7 

2.5 

.7 

1.8 

.2 

9.0 

-1.8 

3.6 

3.5 

6.4 

2.1 

5.3 

15.8 

15.4 

8.2 

.6 

7.0 

9.6 

13.4 

8.3 

8.4 

3.5 

1.8 

8.0 

-3.7 

1.1 

14.5 

.3 

-3.5 

.8 

-.2 

1.6 

2.4 

8.9 

-2.6 

2.5 

-.8 

2.2 

.9 

1.3 

2.9 

7.0 

-2.1 

3.8 

4.2 

5.0 

4.1 

3.9 

19.8 

12.2 

4.2 

-1.8 

9.7 

14.2 

13.7 

7.7 

5.1 

4.5 

8.9 

5.9 

-3.4 

9.7 

-1.6 

1.1 

-.3 

-1.4 

-1.6 

5.6 

4.9 

.3 

-1.2 

2.9 

-1.3 

.7 

.7 

.9 

5.3 

2.8 

2.2 

4.0 

7.5 

2.3 

5.1 

3.8 

22.5 

6.7 

6.8 

1.6 

8.2 

14.0 

8.2 

10.6 

4.7 

3.7 

15.7 

-3.6 

-4.3 

12.3 

3.3 

.2 

.2 

-3.3 

-1.6 

3.9 

3.1 

-3.3 

.6 

2.8 

-.2 

1.3 

1.4 

2.0 

2.9 

2.4 

4.0 

4.9 

8.2 

1.9 

3.2 

6.1 

18.9 

11.9 

10.4 

4.2 

5.2 

8.7 

6.4 

13.0 

4.8 

2.0 

13.3 

-8.7 

-2.8 

19.8 

5.6 

-3.5 

1.0 

-2.1 

-1.7 

2.2 

5.7 

-2.0 

-.2 

3.2 

1.6 

2.7 

1.3 

.6 

6.3 

-.2 

3.1 

4.0 

7.5 

1.6 

4.4 

12.4 

16.4 

12.3 

3.1 

5.9 

7.8 

11.7 

7.5 

10.0 

4.0 

1.1 

0.4 

-3.5 

10.8 

5.4 

-.5 

-.6 

-1.5 

-1.3 

3.3 

4.0 

1.0 

-.9 

2.9 

-.2 

1.8 

1.1 

1.2 

4.4 

3.0 

1.8 

4.2 

6.9 

2.7 

4.2 

6.6 

19.4 

10.8 

6.1 

2.5 

7.7 

12.1 

9.0 

10.3 

4.7 

2.8 

330. Producer price index, al commodities <g> 

[1967=100] Average for period 

73.9 

81.3 

80.3 

78.0 

92.5 

89.3 

87.0 

87.7 

87.7 

89.2 

92.8 

94.4 

94.8 

94.7 

95.2 

94.9 

94.4 

94.7 

95.4 

99.3 

99.9 

101.9 

104.8 

109.7 

112.8 

117.3 

126.9 

149.5 

171.3 

179.4 

190.2 

202.1 

224.1 

260.2 

287.6 

298.6 

75.7 

81.3 

80.1 

78.1 

92.5 

89.2 

87.3 

87.7 

87.3 

89.5 

92.7 

95.0 

94.9 

95.2 

95.2 

94.9 

94.2 

94.6 

95.5 

99.3 

99.6 

102.1 

105.4 

109.9 

113.1 

117.4 

129.8 

151.4 

170.4 

179.7 

192.0 

203.7 

226.7 

261.9 

290.3 

298.0 

75.2 

82.0 

79.3 

78.1 

92.3 

88.7 

87.7 

90.2 

93.0 

94.7 

95.2 

95.2 

94.7 

94.6 

94.0 

94.5 

95.9 

99.4 

99.2 

102.1 

105.5 

110.0 

113.4 

117.5 

130.5 

152.7 

172.1 

181.3 

194.3 

206.5 

230.0 

262.8 

293.4 

298.0 

74.8 

82.4 

78.6 

79.1 

92.0 

88.6 

87.2 

88.0 

87.2 

90.8 

92.9 

94.8 

95.2 

95.0 

94.3 

94.4 

94.3 

94.3 

96.2 

99.5 

99.7 

102.4 

106.3 

110.0 

113.9 

118.2 

133.2 

155.0 

173.2 

181.9 

195.2 

208.0 

232.0 

264.2 

294.1 

298.6 

74.8 

83.0 

77.9 

79.5 

91.3 

88.2 

86.9 

87.3 

87.6 

90.7 

93.2 

94.6 

95.0 

94.8 

93.8 

94.3 

94.5 

94.3 

96.9 

99.6 

100.2 

102.5 

106.8 

110.4 

114.4 

118.8 

136.0 

155.7 

173.7 

183.2 

194.5 

209.6 

233.5 

265.6 

294.8 

299.3 

75.6 

83.7 

77.8 

81.7 

90.7 

88.7 

88.0 

87.7 

87.7 

90.5 

93.8 

94.6 

94.8 

95.0 

94.2 

94.6 

94.8 

94.6 

97.0 

100.3 

100.3 

102.8 

107.0 

110.9 

114.7 

119.7 

134.3 

161.7 

175.7 

184.4 

194.8 

210.7 

236.9 

270.4 

296.2 

300.4 

76.6 

84.3 

77.9 

83.5 

90.2 

89.1 

87.7 

87.7 

88.0 

91.0 

94.0 

94.5 

94.5 

94.6 

94.3 

94.7 

94.6 

94.5 

97.0 

100.7 

100.0 

102.5 

106.9 

110.4 

115.1 

119.9 

142.1 

167.4 

176.7 

183.8 

194.6 

210.6 

238.3 

273.8 

296.4 

300.2 

78.1 

84.2 

78.0 

85.0 

90.0 

88.7 

88.1 

87.3 

88.7 

91.7 

93.7 

94.5 

95.0 

94.6 

94.3 

95.4 

94.5 

94.9 

97.1 

100.7 

100.1 

102.9 

107.1 

111.0 

114.6 

120.2 

139.7 

167.2 

177.7 

184.8 

195.3 

212.4 

242.0 

274.6 

295.7 

299.3 

79.1 

83.3 

77.7 

85.5 

90.2 

88.2 

87.5 

87.1 

88.6 

91.7 

93.5 

94.4 

94.5 

94.9 

94.3 

94.8 

94.7 

95.0 

97.2 

100.1 

100.1 

102.9 

107.4 

110.9 

114.5 

120.0 

138.7 

170.2 

178.9 

185.3 

196.3 

214.9 

245.6 

277.8 

296.1 

299.8 

79.9 

83.1 

77.7 

86.7 

90.2 

87.8 

87.2 

87.3 

88.2 

92.0 

93.7 

94.6 

94.3 

94.9 

94.3 

94.9 

94.9 

94.9 

97.5 

99.8 

100.1 

103.3 

108.1 

110.9 

114.6 

120.7 

139.2 

171.9 

178.2 

185.6 

197.1 

215.7 

247.2 

279.1 

295.5 

300.3 

81.4 

82.6 

77.6 

89.0 

90.1 

87.0 

87.4 

86.9 

88.3 

92.3 

94.1 

94.6 

94.3 

94.8 

94.6 

94.6 

94.5 

94.9 

98.1 

99.8 

100.8 

103.6 

108.6 

111.0 

115.6 

122.9 

141.8 

171.5 

178.7 

187.1 

198.2 

217.5 

249.7 

280.8 

295.8 

300.7 

74.3 

81.8 

80.7 

77.9 

92.1 

89.4 

87.2 

87.8 

87.5 

89.2 

92.7 

94.6 

94.8 

94.9 

95.2 

94.9 

94.4 

94.8 

95.4 

99.1 

99.9 

101.7 

104.8 

109.6 

112.6 

117.0 

127.1 

149.2 

171.2 

179.5 

190.1 

202.0 

223.9 

259.0 

287.6 

298.3 

74.9 

82.5 

78.6 

78.9 

91.9 

88.5 

87.0 

87.8 

87.5 

90.6 

93.0 

94.7 

95.1 

95.0 

94.3 

94.4 

94.3 

94.4 

96.3 

99.5 

99.7 

102.3 

106.2 

110.1 

113.9 

118.2 

133.2 

154.5 

173.0 

182.1 

194.7 

208.0 

231.8 

264.2 

294.1 

298.6 

76.8 

84.1 

77.9 

83.4 

90.3 

88.8 

87.9 

87.6 

88.1 

91.1 

93.8 

94.5 

94.8 

94.7 

94.3 

94.9 

94.6 

94.7 

97.0 

100.6 

100.1 

102.7 

107.0 

110.8 

114.8 

119.9 

138.7 

165.4 

176.7 

184.3 

194.9 

211.2 

239.1 

272.9 

296.1 

300.0 

10.1 

83.0 

77.7 

87.1 

90.2 

87.7 

87.4 

87.1 

88.4 

92.0 

93.8 

94.5 

94.4 

94.9 

94.4 

94.8 

94.7 

94.9 

97.6 

99.9 

100.3 

103.3 

108.0 

110.9 

114.9 

121.2 

139.9 

171.2 

178.6 

186.0 

197.2 

216.0 

247.5 

279.2 

295.8 

300.3 

76.5 

82.8 

78.7 

81.8 

91.1 

88.6 

87.4 

87.6 

87.8 

90.7 

93.3 

94.6 

94.8 

94.9 

94.5 

94.8 

94.5 

94.7 

96.6 

99.8 

100.0 

102.5 

106.5 

110.4 

114.0 

119.1 

134.7 

160.1 

174.9 

183.0 

194.2 

209.3 

235.6 

268.8 

293.4 

299.3 

330c. Change in producer price index, al commodities, over 1-month spans <§>' 

[Percent] 

1.0 

-1.9 

-1.6 

.5 

1.4 

-.4 

-.2 

-.3 

.3 

.5 

.1 

.1 

0 

0 

0 

1.9 

2.0 

0 

1.1 

1.0 

1.5 

2.1 

1.0 

.1 

2.4 

0 

-.2 

.1 

0 

-.1 

.3 

0 

-.5 

.3 

-.1 

.6 

.1 

.5 

0 

0 

-.2 

-.1 

.1 

0 

-.3 

.2 

.6 

.2 

.3 

.1 

2.3 

1.3 

-.5 

.2 

.9 

.8 

1.2 

.7 

.9 

-.2 

-0.7 

.9 

-1.0 

0 

-.2 

-.6 

-.6 

.5 

.3 

-.3 

.3 

0 

-.5 

-.3 

-.2 

-.1 

.4 

.1 

-.4 

0 

.1 

.1 

.3 

.1 

.5 

.9 

1.0 

.9 

1.2 

1.4 

1.5 

.3 

1.1 

0 

-0.5 

.5 

-.9 

1.3 

-.3 

-.1 

.5 

-.1 

-.6 

.7 

-.1 

.1 

0 

-.2 

-.4 

-.2 

.3 

-.2 

.3 

.1 

.5 

.3 

.8 

0 

.4 

.6 

2.1 

1.5 

.6 

.3 

.5 

.7 

.9 

.5 

.2 

.2 

.7 

.1 

.5 

.1 

.5 

.4 

.4 

.5 

2.1 

.5 

.3 

.7 

-.4 

.8 

.6 

.5 

.2 

.2 

1.1 

.8 

-.1 

2.8 

-.7 

.6 

1.3 

.5 

.1 

-.2 

.6 

0 

-.2 

.2 

.4 

.3 

.3 

.3 

.1 

.7 

.1 

.3 

.2 

.5 

.3 

.8 

-1.3 

3.9 

1.2 

.7 

.2 

.5 

1.5 

1.8 

.5 

.4 

1.3 

.7 

.1 

2.2 

-.6 

.5 

-.3 

0 

.3 

.6 

.2 

-.1 

-.3 

-.4 

.1 

.1 

-.2 

-.1 

0 

.4 

-.3 

-.3 

-.1 

-.5 

.3 

.2 

5.8 

3.5 

.6 

-.3 

-.1 

0 

.6 

1.3 

.1 

-.1 

2.0 

-.1 

.1 

1.8 

-.2 

-.4 

.5 

-.5 

-.3 

0 

.5 

0 

0 

.7 

-.1 

.4 

.1 

0 

.1 

.4 

.2 

.5 

-.4 

.3 

-1.7 

-.1 

.6 

.5 

.4 

.9 

1.6 

.3 

-.2 

-.3 

1.3 

-1.1 

-.4 

.6 

.2 

-.6 

-.7 

-.2 

-.1 

0 

-.2 

-.1 

-.5 

.3 

0 

-.6 

.2 

.1 

.1 

-.6 

0 

0 

.3 

-.1 

-.1 

-.2 

-.7 

1.8 

.7 

.3 

.5 

1.2 

1.5 

1.2 

1.0 

-.2 

0 

1.4 

0 

-.5 

-.3 

.2 

-.5 

.3 

.2 

.2 

-.2 

0 

0 

.1 

.2 

-.1 

.3 

-.3 

0 

.4 

.7 

0 

.1 

.6 

.4 

1.0 

-.4 

.2 

.4 

.4 

.7 

.5 

-.2 

.2 

1.9 

-.6 

-.1 

2.7 

-.1 

-.9 

.2 

-.5 

.1 

.3 

.4 

0 

0 

-.1 

.3 

-.3 

-.4 

0 

.6 

0 

.7 

.3 

.5 

.1 

.9 

1.8 

1.9 

-.2 

.3 

.8 

.6 

.8 

1.0 

.6 

.1 

.1 

1.4 

0 

-1.0 

.2 

1.3 

-.3 

.1 

.1 

.1 

.5 

.1 

.3 

.1 

.3 

.1 

.1 

-.1 

0 

.2 

.4 

-.1 

.4 

.6 

.4 

.6 

.5 

1.8 

2.2 

-.2 

.2 

.8 

.9 

1.4 

1.6 

1.1 

.2 

-0.4 

.7 

-.9 

.6 

-.4 

-.4 

-.1 

-.1 

.1 

.5 

.2 

-.1 

0 

-.5 

-.2 

.1 

-.1 

.5 

.1 

.2 

.2 

.4 

.4 

1.6 

1.0 

.6 

.6 

.4 

1.0 

1.0 

.4 

.5 

Average for period 

1.5 

.5 

0 

2.3 

-.5 

.2 

.5 

0 

.4 

.4 

.2 

0 

0 

-.1 

.2 

.4 

0 

.2 

.4 

0 

.1 

.2 

.1 

.4 

.9 

2.4 

.8 

.3 

.2 

.5 

1.2 

1.1 

1.4 

-.6 

-.2 

1.6 

0 

-.7 

-.3 

-.2 

-.2 

.2 

.1 

0 

-.2 

.1 

.1 

-.3 

0 

0 

.3 

-.3 

.2 

.2 

.5 

0 

.3 

.7 

.5 

.9 

.2 

.4 

.5 

.8 

1.1 

.8 

0 

.2 

1.0 

-15 

1.2 

.1 

-.3 

0 

0 

.1 

.4 

.2 

0 

0 

0 

0 

0 

0 

0 

.3 

.1 

.1 

.2 

.4 

.2 

.3 

.5 

1.2 

1.6 

.4 

.4 

.5 

.8 

1.2 

1.0 

.4 

.1 

See footnotes at end of this part. 105 

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Year 

1947 

1948 

1949 

1950 

1951 

1952 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

1947 

1948 

1949 

1950 

1951 

1952 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

1947 

1948 

1949. 

1950 

1951 

1952 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

Jan. 

18.1 

7.5 

-9.4 

1.0 

16.5 

-3.3 

-3.1 

1.4 

1.4 

3.6 

2.9 

2.6 

1.7 

1.5 

-.4 

.6 

-1.7 

-.4 

1.9 

4.6 

-1.8 

4.0 

5.1 

4.9 

4.6 

5.3 

18.3 

21.2 

2.2 

2.7 

9.9 

10.7 

14.5 

14.5 

11.5 

1.3 

115.9 

102.1 

94.6 

121.8 

114.5 

104.1 

102.5 

99.3 

94.1 

100.1 

100.3 

100.9 

97.1 

97.1 

97.9 

96.9 

95.1 

94.4 

105.5 

102.9 

100.2 

104.0 

112.2 

111.3 

120.6 

143.8 

202.3 

190.3 

201.4 

205.5 

215.0 

255.8 

289.5 

330.0 

320.2 

2.7 

-3.2 

-.2 

4.0 

-1.9 

-1.0 

1.3 

.7 

-.1 

-.9 

-.3 

-.1 

.1 

.2 

.1 

-1.1 

1.4 

-.9 

.9 

.6 

-.4 

.5 

.1 

.9 

1.4 

2.7 

7.1 

-3.2 

-1.6 

-.2 

1.3 

2.6 

-.4 

.9 

1.6 

Feb. 

7.6 

6.4 

-10.5 

3.6 

12.6 

-3.5 

-1.4 

1.8 

-.2 

6.0 

2.0 

2.4 

1.3 

1.5 

-1.3 

.2 

-1.3 

-1.3 

2.8 

4.1 

-.2 

4.6 

5.9 

3.5 

5.5 

6.4 

21.8 

24.0 

1.5 

4.2 

10.6 

11.4 

15.7 

14.2 

11.0 

2.1 

109.9 

99.0 

97.4 

126.4 

113.3 

103.4 

102.3 

98.9 

95.5 

99.0 

101.9 

100.4 

97.2 

97.5 

97.7 

95.7 

94.0 

95.6 

107.6 

100.5 

100.5 

103.2 

112.3 

114.6 

121.8 

150.5 

205.5 

185.0 

198.4 

209.9 

218.4 

261.9 

295.3 

332.6 

317.9 

-5.2 

-3.0 

3.0 

3.8 

-1.0 

-.7 

-.2 

-.4 

1.5 

-1.1 

1.6 

-.5 

1 

.4 

-.2 

-1.2 

-1.2 

1.3 

2.0 

-2.3 

.3 

-.8 

.1 

3.0 

1.0 

4.7 

1.6 

-2.8 

-1.5 

2.1 

1.6 

2.4 

2.0 

.8 

-.7 

Mar. Apr. May 

Monthly 

June July Aug. Sept. 

330c. Change in producer price index, al commodities, over 6-^nonth spans®* 

5.9 

4.0 

-11.1 

5.0 

5.2 

-4.2 

-.2 

-.2 

1.6 

5.5 

2.0 

1.1 

.8 

1.1 

-2.1 

-.6 

-.2 

-.4 

4.3 

3.1 

.8 

3.4 

6.3 

3.3 

6.2 

5.6 

22.5 

20.6 

2.6 

5.1 

8.1 

11.8 

15.3 

13.1 

10.2 

2.4 

107.1 

98.1 

96.8 

125.0 

111.7 

103.7 

102.6 

98.0 

95.1 

98.5 

103.3 

100.6 

98.1 

96.9 

97.4 

94.4 

94.4 

95.9 

107.0 

99.2 

101.0 

104.6 

113.6 

113.1 

121.7 

157.4 

198.9 

182.4 

196.6 

212.9 

223.0 

268.2 

290.3 

330.6 

317.0 

6.7 

1.9 

-9.1 

10.8 

-1.1 

-2.2 

1.8 

-.7 

.7 

3.9 

2.4 

.6 

0 

.6 

-2.1 

-.8 

.2 

-1.3 

3.8 

3.5 

.4 

3.4 

5.2 

2.9 

5.3 

5.9 

16.4 

21.7 

4.6 

5.7 

7.3 

10.9 

15.1 

12.5 

8.2 

1.4 

[Annual rate, percentj 

7.4 

7.5 

-5.9 

14.6 

-4.9 

-.4 

1.6 

0 

.7 

4.1 

2.6 

.2 

-.6 

-.2 

-1.9 

-.4 

.4 

-.4 

3.4 

2.8 

.2 

1.2 

4.0 

1.3 

4.1 

4.5 

25.4 

25.4 

6.4 

5.0 

4.7 

8.6 

13.1 

10.7 

6.2 

1.1 

6.4 

7.3 

-5.2 

18.5 

-5.3 

-1.1 

1.8 

-.9 

3.2 

5.0 

2.2 

-1.0 

.2 

-1.3 

-1.9 

1.1 

.6 

.6 

3.4 

2.8 

1.0 

1.6 

3.3 

2.0 

2.7 

4.8 

15.8 

22.0 

8.8 

5.8 

3.5 

8.7 

14.0 

9.9 

3.8 

.9 

10.6 

3.2 

-4.0 

19.8 

-4.5 

-1.1 

1.6 

-2.3 

2.1 

3.4 

1.1 

-.6 

-1.5 

-.6 

-.8 

.4 

1.5 

1.1 

2.7 

1.4 

1.8 

1.6 

3.6 

1.6 

1.9 

4.3 

13.0 

24.2 

8.1 

4.5 

2.1 

8.3 

14.0 

11.7 

1.8 

1.2 

14.1 

1.7 

-2.3 

20.1 

-3.9 

-1.8 

0 

-1.6 

2.3 

2.7 

1.7 

-.4 

-1.9 

-.2 

0 

1.1 

1.3 

1.3 

2.7 

.6 

.8 

1.8 

3.4 

1.6 

1.2 

4.3 

9.2 

23.0 

5.9 

4.1 

2.0 

7.5 

13.5 

11.6 

1.0 

1.1 

331. Producer price index, crude materials for further processing 

98.2 

109.3 

96.5 

97.3 

124.8 

111.5 

101.0 

103.0 

98.8 

96.7 

98.3 

101.8 

101.3 

98.1 

96.5 

96.3 

95.0 

94.3 

97.0 

106.4 

98.1 

101.4 

105.8 

113.5 

115.1 

123.7 

159.9 

193.6 

190.1 

204.1 

218.1 

230.4 

271.1 

283.1 

333.6 

320.8 

97.3 

112.9 

96.1 

100.9 

122.9 

111.3 

101.8 

102.6 

96.2 

98.0 

98.0 

103.6 

100.5 

98.3 

95.5 

96.1 

94.7 

94.0 

98.5 

105.6 

99.2 

100.7 

108.7 

111.7 

115.0 

125.4 

167.8 

186.1 

195.4 

203.2 

216.1 

232.6 

272.1 

286.8 

332.4 

326.4 

[1967=100] 

97.7 

115.5 

95.0 

102.6 

121.7 

110.7 

100.3 

100.7 

98.1 

97.4 

100.5 

102.2 

100.0 

97.3 

94.0 

95.7 

95.5 

92.9 

100.9 

105.5 

100.2 

100.1 

110.1 

111.8 

115.5 

126.0 

175.6 

176.9 

196.4 

208.3 

209.1 

238.4 

274.2 

288.1 

335.5 

325.8 

99.2 

115.1 

93.2 

106.4 

117.4 

110.6 

103.4 

100.2 

97.2 

97.3 

102.2 

102.6 

99.0 

97.2 

95.0 

96.6 

95.9 

93.4 

99.7 

106.7 

99.9 

101.1 

109.0 

112.1 

114.6 

127.9 

167.6 

190.9 

199.4 

207.1 

206.8 

237.2 

276.8 

302.9 

336.1 

322.1 

100.9 

113.5 

93.4 

108.5 

115.6 

110.8 

101.4 

99.9 

96.1 

99.0 

102.4 

101.9 

98.2 

95.2 

97.3 

97.3 

95.5 

93.8 

100.6 

107.3 

100.0 

101.3 

110.0 

111.0 

114.4 

128.8 

204.8 

200.8 

201.3 

203.2 

204.0 

235.4 

273.0 

317.3 

333.0 

319.1 

18.4 

-1.0 

-.8 

25.3 

-2.6 

-2.7 

1.2 

-.9 

1.6 

3.6 

1.9 

0 

-1.5 

0 

1.7 

.6 

0 

1.3 

2.5 

.4 

1.2 

2.2 

3.4 

1.1 

2.1 

7.0 

8.7 

21.3 

5.8 

4.3 

3.8 

7.7 

14.4 

11.8 

.7 

.9 

103.6 

111.3 

94.2 

110.3 

114.7 

108.2 

102.2 

99.0 

97.3 

99.1 

99.7 

101.2 

98.8 

95.7 

96.6 

99.7 

95.3 

96.1 

100.4 

106.8 

99.6 

102.0 

109.8 

113.4 

113.9 

129.3 

194.4 

194.6 

206.0 

202.6 

203.5 

240.0 

279.9 

319.6 

327.4 

315.4 

331c. Change in producer price index, crude materials for further processing, over 1-month spans4 

-2.5 

-.9 

-.6 

-1.1 

-1.4 

.3 

.3 

-.9 

-.4 

-.5 

1.4 

.2 

.9 

-.6 

-.3 

-1.4 

.4 

.3 

-.6 

-1.3 

.5 

1.4 

1.2 

-1.3 

-.1 

4.6 

-3.2 

-1.4 

-.9 

1.4 

2.1 

2.4 

-1.7 

-.6 

-.3 

2.1 

-1.6 

.5 

-.2 

-.2 

-2.6 

.4 

.8 

1.7 

-.2 

-1.5 

.7 

0 

-.4 

-1.1 

.6 

-.1 

1.1 

-.6 

-1.1 

.4 

1.1 

-.1 

1.8 

1.6 

1.6 

-2.7 

4.2 

3.8 

2.4 

3.3 

1.1 

-2.5 

.9 

1.2 

-0.9 

3.3 

-.4 

3.7 

-1.5 

-.2 

.8 

-.4 

-2.6 

1.3 

-.3 

1.8 

-.8 

.2 

-1.0 

-.2 

-.3 

-.3 

1.5 

-.8 

1.1 

-.7 

2.7 

-1.6 

-.1 

1.4 

4.9 

-3.9 

2.8 

-.4 

-.9 

1.0 

.4 

1.3 

-.4 

1.7 

[Percent] 

0.4 

2.3 

-1.1 

1.7 

-1.0 

-.5 

-1.5 

-1.9 

2.0 

-.6 

2.6 

-1.4 

-.5 

-1.0 

-1.6 

-.4 

.8 

-1.2 

2.4 

-.1 

1.0 

-.6 

1.3 

.1 

.4 

.5 

4.6 

-4.9 

.5 

2.5 

-3.2 

2.5 

.8 

.5 

.9 

-.2 

1.5 

-.3 

-1.9 

3.7 

-3.5 

-.1 

3.1 

-.5 

-.9 

-.1 

1.7 

.4 

-1.0 

-.1 

1.1 

.9 

.4 

.5 

-1.2 

1.1 

-.3 

1.0 

-1.0 

.3 

-.8 

1.5 

-4.6 

7.9 

1.5 

-.6 

-1.1 

-.5 

.9 

5.1 

.2 

-1.1 

1.7 

-1.4 

.2 

2.0 

-1.5 

.2 

-1.9 

-.3 

-1.1 

1.7 

.2 

-.7 

-.8 

-2.1 

2.4 

.7 

-.4 

.4 

.9 

.6 

.1 

.2 

.9 

-1.0 

-.2 

.7 

22.2 

5.2 

1.0 

-1.9 

-1.4 

-.8 

-1.4 

4.8 

-.9 

-.9 

2.7 

-1.9 

.9 

1.7 

-.8 

-2.3 

.8 

-.9 

1.2 

.1 

-2.6 

-.7 

.6 

.5 

-.7 

2.5 

-.2 

2.5 

-.2 

-.5 

-.4 

.7 

-.2 

2.2 

-.4 

.4 

-5.1 

-3.1 

2.3 

-.3 

-.2 

2.0 

2.5 

.7 

-1.7 

-1.2 

Oct. 

20.2 

-5.0 

-.5 

24.6 

-2.2 

-3.4 

0 

-.7 

2.5 

4.9 

1.1 

.4 

-.2 

.4 

1.7 

.2 

.8 

1.3 

3.3 

-.4 

1.6 

2.9 

4.3 

1.6 

2.8 

8.2 

19.2 

12.9 

4.3 

4.1 

5.5 

9.8 

15.8 

10.9 

1.4 

-.3 

107.4 

108.0 

94.4 

110.3 

117.4 

107.8 

100.3 

99.7 

97.0 

98.9 

99.1 

101.8 

98.0 

96.6 

96.9 

98.3 

95.7 

95.3 

101.3 

105.1 

100.1 

102.4 

111.1 

113.4 

116.3 

130.7 

186.9 

202.0 

208.0 

201.3 

204.5 

245.9 

282.8 

325.6 

322.5 

314.3 

3.7 

-3.0 

.2 

0 

2.4 

-.4 

-1.9 

.7 

-.3 

-.2 

-.6 

.6 

-.8 

.9 

.3 

-1.4 

.4 

-.8 

.9 

-1.6 

.5 

.4 

1.2 

0 

2.1 

1.1 

-3.9 

3.8 

1.0 

-.6 

.5 

2.5 

1.0 

1.9 

-1.5 

-.3 

Nov. 

12.6 

-9.3 

.3 

22.7 

-2.0 

-4.7 

0 

0 

2.7 

4.0 

.9 

.6 

.4 

1.3 

1.3 

-.6 

.2 

1.9 

4.8 

-1.6 

3.8 

4.5 

5.3 

4.4 

3.9 

12.0 

10.7 

4.7 

3.1 

7.1 

7.9 

13.2 

19.2 

10.3 

1.5 

.5 

108.1 

107.0 

94.8 

113.1 

116.3 

107.6 

99.8 

100.3 

94.0 

99.3 

99.5 

102.7 

97.5 

96.5 

96.6 

98.9 

96.5 

95.5 

102.5 

103.2 

99.5 

104.8 

112.5 

112.0 

118.3 

134.2 

188.6 

205.0 

205.6 

202.5 

208.9 

247.2 

286.6 

329.3 

318.1 

317.3 

0.7 

-.9 

.4 

2.5 

-.9 

-.2 

-.5 

.6 

-3.1 

.4 

.4 

.9 

-.5 

-.1 

-.3 

.6 

.8 

.2 

1.2 

-1.8 

-.6 

2.3 

1.3 

-1.2 

1.7 

2.7 

.9 

1.5 

-1.2 

.6 

2.2 

.5 

1.3 

1.1 

-1.4 

1.0 

Dec. 

8.4 

-9.5 

.3 

18.4 

-1.8 

-3.1 

-.9 

0 

1.8 

2.2 

2.8 

.8 

.4 

1.3 

1.3 I 

-2.5 

.2 

1.3 | 

4.6 

-2.2 

4.0 ! 

4.9 

5.3 

3.8 

4.9 

16.6 

17.5 

3.9 

2.3 

7.9 

8.8 

13.9 

17.1 

11.8 

1.6 

.8 

112.9 

105.5 ! 

94.8 

117.1 

116.7 

105.1 

101.2 

98.6 

94.2 

101.0 

100.6 

101.0 

97.0 

96.9 

97.8 

98.0 

93.8 

95.3 

104.6 

102.3 

100.6 

103.5 

112.1 

110.3 

118.9 

140.0 

188.9 

196.6 

204.6 

205.9 

212.2 

249.3 

290.6 

327.2 

315.1 

316.6 

4.4 

-1.4 

0 

3.5 

.3 

-2.3 

1.4 

-1.7 

.2 

1.7 

1.1 

-1.7 

-.5 

.4 

1.2 

-.9 

-2.8 

-.2 

2.0 

-.9 

1.1 

-1.2 

-.4 

-1.5 

.5 

4.3 

.2 

-4.1 

-.5 

1.7 

1.6 

.8 

1.4 

-.6 

-.9 

-.2 

10 

10.5 

6.0 

-10.3 

3.2 

11.4 

-3.7 

-1.6 

1.0 

.9 

5.0 

2.3 

2.0 

1.3 

1.4 

-1.3 

.1 

-1.1 

-.7 

3.0 

3.9 

-.4 

4.0 

5.8 

3.9 

5.4 

5.8 

20.9 

21.9 

2.1 

4.0 

9.5 

11.3 

15.2 

13.9 

10.9 

1.9 

111.0 

99.7 

96.3 

124.4 

113.2 

103.7 

102.5 

98.7 

94.9 

99.2 

101.8 

100.6 

97.5 

97.2 

97.7 

95.7 

94.5 

95.3 

106.7 

100.9 

100.6 

103.9 

112.7 

113.0 

121.4 

150.6 

202.2 

185.9 

198.8 

209.4 

218.8 

262.0 

291.7 

331.1 

318.4 

-1.7 

-2.4 

.7 

2.2 

-1.4 

-.5 

.5 

-.2 

.3 

-.8 

.9 

-.1 

.4 

0 

-.1 

-1.2 

.2 

.2 

•8 

-1.0 

.1 

•4 

•5 

•9 

•8 

4.0 

1.8 

-2.5 

-1.3 

1.1 

1.7 

2.5 

•4 

1 .2 

Quarterly 

IIQ 

6.8 

5.6 

-6.7 

14.6 

-3.8 

-1.2 

1.7 

-.5 

1.5 

4.3 

2.4 

-.1 

-.1 

-.3 

-2.0 

0 

.4 

-.4 

3.5 

3.0 

.5 

2.1 

4.2 

2.1 

4.0 

5.1 

19.2 

23.0 

6.6 

5.5 

5.2 

9.4 

14.1 

11.0 

6.1 

1.1 

97.7 

112.6 

95.9 

100.3 

123.1 

111.2 

101.0 

102.1 

97.7 

97.4 

98.9 

102.5 

100.6 

97.9 

95.3 

96.0 

95.1 

93.7 

98.8 

105.8 

99.2 

100.7 

108.2 

112.3 

115.2 

125.0 

167.8 

185.5 

194.0 

205.2 

214.4 

233.8 

272.5 

286.0 

333.8 

324.3 

2.6 

-1.0 

2.0 

-.9 

-.3 

-1.1 

-.6 

.1 

.8 

.7 

-.4 

-.2 

-.3 

-1.0 

-.6 

.4 

-.5 

1.7 

-.5 

.3 

-.3 

1.7 

-.5 

.7 

1.2 

3.7 

-3.8 

2.5 

2.0 

-.6 

2.3 

.8 

-.2 

.5 

.9 

III Q iv o 

Average for period 

14.4 

1.3 

-2.4 

21.7 

-3.7 

-1.9 

.9 

-1.6 

2.0 

3.2 

1.6 

-.3 

-1.6 

-.3 

.3 

.7 

.9 

1.2 

2.6 

.8 

1.3 

1.9 

3.5 

1.4 

1.7 

5.2 

10.3 

22.8 

6.6 

4.3 

2.6 

7.8 

14.0 

11.7 

1.2 

1.1 

13.7 

-7.9 

0 

21.9 

-2.0 

-3.7 

-.3 

-.2 

2.3 

3.7 

1.6 

.6 

.2 

1.0 

1.4 

-1.0 

.4 

1.5 

4.2 

-1.4 

3.1 

4.1 

5.0 

3.3 

3.9 

12.3 

15.8 

7.2 

3.2 

6.4 

7.4 

12.3 

17.4 

11.0 

1.5 

.3 

Average for period 

101.2 

113.3 

93.6 

108.4 

115.9 

109.9 

102.3 

99.7 

96.9 

98.5 

101.4 

101.9 

98.7 

96.0 

96.3 

97.9 

95.6 

94.4 

100.2 

106.9 

99.8 

101.5 

109.6 

112.2 

114.3 

128.7 

188.9 

195.4 

202.2 

204.3 

204.8 

237.5 

276.6 

313.3 

332.2 

318.9 

109.5 

106.8 

94.7 

113.5 

116.8 

106.8 

100.4 

99.5 

95.1 

99.7 

99.7 

101.8 

97.5 

96.7 

97.1 

98.4 

95.3 

95.4 

102.8 

103.5 

100.1 

103.6 

111.9 

111.9 

117.8 

135.0 

188.1 

201.2 

206.1 

203.2 

208.5 

247.5 

286.7 

327.4 

318.6 

316.1 

Average for period 

2.0 

-1.2 

-.3 

2.5 

-1.9 

-.7 

.7 

-.6 

-.3 

.6 

-.2 

-.3 

-.4 

-.6 

.9 

1.4 

-.1 

1.1 

-.2 

.4 

-.2 

.6 

-.1 

.5 

-.5 

.9 

4.2 

3.3 

1.6 

-.9 

-.9 

.2 

.7 

3.5 

-.8 

-1.1 

2.9 

-1.8 

.2 

2.0 

.6 

-1.0 

-.3 

-.1 

-1.1 

.6 

.3 

-.1 

-.6 

.4 

.4 

-.6 

-.5 

-.3 

1.4 

-1.4 

.3 

.5 

.7 

-.9 

1.4 

2.7 

-.9 

.4 

-.2 

.6 

1.4 

1.3 

1.2 

.8 

-1.3 

.2 

Annual 

11.4 

1.2 

-4.8 

15.4 

.5 

-2.6 

.2 

-.3 

1.7 

4.1 

2.0 

.6 

-.1 

.4 

-.4 

-.1 

.2 

.4 

3.4 

1.6 

1.1 

3.0 

4.6 

2.7 

3.8 

7.1 

16.5 

18.7 

4.6 

5.0 

6.2 

10.2 

15.1 

11.9 

4.9 

1.1 

101.2 

110.9 

96.0 

104.6 

120.1 

110.3 

101.9 

101.0 

97.1 

97.6 

99.8 

102.0 

99.4 

97.0 

96.5 

97.5 

95.4 

94.5 

99.3 

105.7 

100.0 

101.6 

108.4 

112.3 

115.1 

127.6 

174.0 

196.1 

196.9 

202.7 

209.2 

234.4 

274.3 

304.6 

329.0 

319.5 

-0.5 

-.9 

1.8 

0 

-.9 

-.3 

-.2 

-.4 

.6 

0 

0 

-.3 

0 

.1 

0 

-.4 

.1 

.8 

-.2 

-.1 

.2 

.7 

-.1 

.6 

1.4 

2.7 

.4 

.4 

.1 

.3 

1.4 

1.3 

1.0 

-.3 

0 

106 

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Year 

Monthly 

Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. 

Quarterly 

IQ IIQ HI Q IV Q Annual 

331c. Change in producer price index, crude materials for further processing, over 6-month spans4 

[Annual rate, percent] Average for period 

1947 

1948 3.6 

1949 -20.2 

1950 6.2 

1951 28.0 

1952 -9.8 

1953 -12.2 

1954 5.5 

1955 -1.8 

1956 -.6 

1957 -1.2 

1958 5.5 

1959 -1.0 

1960 2 

1961 -.2 

1962 -1.2 

1963 -6.6 

1964 -2.9 

1965 3.6 

1966 10.3 

1967 -12.9 

1968 2.6 

1969 6.8 

1970 4.4 

1971 3.0 

1972 13.1 

1973 49.7 

1974 7.3 

1975 -11.4 

1976 -3.7 

1977 17.4 

1978 26.9 

1979 21.5 

1980 2 

1981 5.0 

1982 -1.1 

1947 

1948 77.5 

1949 78.0 

1950 74.0 

1951 88.5 

1952 86.2 

1953 84.9 

1954 86.5 

1955 86.5 

1956 90.2 

1957 93.8 

1958 94.3 

1959 95.0 

1960 95.8 

1961 95.2 

1962 94.8 

1963 94.7 

1964 95.7 

1965 96.0 

1966 97.7 

1967 99.9 

1968 101.1 

1969 104.2 

1970 108.6 

1971 111.8 

1972 116.3 

1973 123.4 

1974 142.6 

1975 180.0 

1976 184.4 

1977 195.6 

1978 207.8 

1979 226.9 

1980 266.9 

1981 297.0 

1982 311.9 

1947 

1948 2.0 

1949 -.4 

1950 4 

1951 2.8 

1952 -.2 

1953 1 

1954 1 

1955 1 

1956 3 

1957 4 

1958 -.1 

1959 0 

1960 1 

1961 1 

1962 -.1 

1963 -.1 

1964 0 

1965 0 

1966 2 

1967 0 

1968 0 

1969 5 

1970 7 

1971 4 

1972 1 

1973 5 

1974 2.6 

1975 3 

1976 3 

1977 4 

1978 6 

1979 1.0 

1980 2.3 

1981 1.2 

1982 .3 

9.1 

-19.3 

13.3 

18.1 

-8.4 

-10.5 

5.7 

-8.0 

8.7 

-2.6 

8.4 

-4.2 

1.6 

-2.1 

-1.0 

-8.3 

-5.1 

6.4 

6.1 

-7.6 

2.4 

7.6 

-1.4 

5.4 

12.4 

56.3 

-2.6 

-9.1 

-2.3 

13.9 

24.0 

21.2 

.1 

1.9 

5.3 

4.7 

-18.9 

17.1 

8.0 

-10.0 

-8.9 

-1.0 

-1.0 

6.9 

-1.0 

3.2 

-2.0 

.6 

-5.9 

-4.2 

-5.0 

-1.9 

12.1 

1.7 

-4.1 

-1.0 

13.2 

-.5 

9.7 

12.3 

57.3 

-12.3 

-.2 

3.6 

3.1 

26.2 

21.0 

-1.7 

5.1 

6.9 

-1.4 

-16.7 

26.5 

-7.1 

-6.7 

-1.3 

-4.4 

-4.2 

6.9 

4.2 

4.6 

-3.7 

.2 

-4.3 

-2.6 

-2.1 

-3.5 

11.5 

2.3 

-5.7 

1.8 

9.8 

-.2 

6.0 

12.5 

35.8 

-11.0 

9.8 

5.7 

1.3 

21.7 

17.1 

9.5 

3.7 

1.2 

6.7 

-11.0 

24.1 

-16.4 

-4.4 

-3.8 

-4.6 

-5.6 

7.5 

7.0 

0 

-4.3 

-4.1 

-.4 

-.8 

-.4 

-.4 

10.7 

-.6 

-1.0 

1.6 

13.6 

-2.3 

-.3 

11.8 

85.2 

-4.5 

18.4 

4.9 

-5.5 

16.2 

8.7 

15.5 

.2 

8.0 

-7.8 

29.8 

-15.8 

-6.2 

-2.9 

-6.9 

-1.4 

8.6 

2.5 

-4.0 

-3.5 

-4.8 

-.6 

4.8 

1.9 

3.6 

9.6 

-.4 

.8 

2.0 

10.2 

-.4 

1.4 

12.9 

52.5 

-4.3 

27.6 

6.2 

-8.6 

15.8 

8.9 

21.2 

-1.9 

-1.0 

19.6 

-2.4 

-4.3 

28.5 

-11.5 

-6.5 

-1.4 

-6.3 

-3.6 

4.6 

1.6 

0 

-6.4 

-3.0 

.8 

4.2 

1.5 

2.1 

9.1 

-2.4 

4.1 

2.0 

10.3 

-.2 

2.1 

11.6 

36.6 

8.9 

19.7 

-2.7 

-12.1 

13.9 

8.8 

32.3 

-6.5 

-4.0 

23.4 

-10.2 

-2.7 

25.6 

-10.5 

-6.5 

-3.9 

-4.4 

-4.5 

2.7 

3.1 

-1.7 

-5.9 

-3.6 

2.3 

5.9 

3.8 

3.2 

8.3 

-4.5 

.6 

8.3 

7.1 

.5 

5.8 

14.5 

26.3 

21.3 

10.7 

-.7 

-6.6 

12.9 

10.9 

31.8 

-8.4 

-5.5 

33.5 

-16.6 

-.4 

30.3 

-8.0 

-9.9 

1.8 

-4.1 

-7.8 

7.5 

.2 

-2.3 

-5.9 

-.8 

8.2 

4.9 

-3.5 

5.2 

7.5 

-6.0 

.8 

6.9 

3.7 

-2.7 

6.0 

23.5 

15.7 

23.5 

8.5 

-2.3 

3.0 

9.4 

12.3 

29.0 

-11.8 

-5.6 

36.5 

-21.3 

3.0 

31.0 

-4.9 

-11.4 

-1.7 

-1.8 

-6.3 

5.8 

-3.7 

-3.3 

-3.8 

-.2 

6.2 

.6 

-1.7 

2.2 

12.0 

-7.0 

.6 

5.8 

6.0 

-1.4 

10.7 

26.4 

45.7 

-.6 

2.0 

-1.5 

8.1 

16.3 

9.4 

18.7 

-9.2 

-3.9 

18.6 

-23.9 

8.7 

35.7 

-3.9 

-12.9 

1.8 

,-2.0 

-1.2 

0 

-1.0 

-2.9 

-2.0 

4.9 

.8 

-3.3 

-3.1 

3.9 

14.4 

-12.3 

1.0 

3.8 

4.2 

6.6 

13.4 

36.5 

.7 

-15.1 

-2.9 

6.7 

14.6 

23.8 

17.0 

9.9 

-8.9 

-1.4 

6.9 

-22.3 

5.6 

28.4 

-5.2 

-8.1 

.8 

-2.0 

-4.5 

-1.2 

7.4 

-1.2 

-1.4 

2.5 

1.7 

-10.3 

-1.9 

-.4 

13.6 

-13.7 

2.8 

5.2 

7.0 

-.5 

14.2 

48.2 

4.7 

-12.1 

-8.9 

10.4 

20.1 

24.9 

7.6 

7.0 

-6.3 

2.6 

5.8 

-19.5 

12.2 

18.0 

-9.4 

-10.5 

3.4 

-3.6 

5.0 

-1.6 

5.7 

-2.4 

.8 

-2.7 

-2.1 

-6.6 

-3.3 

7.4 

6.0 

-8.2 

1.3 

9.2 

.8 

6.0 

12.6 

54.4 

-2.5 

-6.9 

-.8 

11.5 

25.7 

21.2 

-.5 

4.0 

3.7 

4.4 

-11.8 

26.8 

-13.1 

-5.8 

-2.7 

-5.3 

-3.7 

7.7 

4.6 

.2 

-3.8 

-2.9 

-1.8 

.5 

-.2 

10.6 

.4 

-2.0 

1.8 

11.2 

-1.0 

2.4 

12.4 

57.8 

-6.6 

18.6 

5.6 

-4.3 

17.9 

11.6 

15.4 

.7 

.3 

25.5 

-9.7 

-2.5 

28.1 

-10.0 

-7.6 

-1.2 

-4.9 

-5.3 

4.9 

1.6 

-1.3 

-6.1 

-2.5 

3.8 

5.0 

.6 

3.5 

8.3 

-4.3 

1.8 

5.7 

7.0 

-.8 

4.6 

16.5 

26.2 

17.9 

13.0 

-1.9 

-5.2 

12.1 

10.7 

31.0 

-8.9 

-5.0 

20.7 

-22.5 

5.8 

31.7 

-4.7 

-10.8 

.3 

-1.9 

-4.0 

1.5 

.9 

-2.5 

-2.4 

2.4 

2.9 

-4.3 

-2.2 

1.9 

13.3 

-11.0 

1.5 

4.9 

5.7 

1.6 

12.8 

37.0 

17.0 

-9.3 

-3.3 

5.2 

14.3 

21.7 

11.3 

11.9 

-8.1 

-.9 

-5.5 

-7.0 

24.7 

-2.4 

-8.4 

-3.5 

-2.2 

-4.2 

4.8 

1.4 

.5 

-3.7 

-.5 

.5 

-.2 

-2.1 

.5 

9.9 

-2.2 

-1.7 

3.4 

8.3 

.2 

6.4 

19.6 

38.9 

-.1 

5.4 

2.0 

4.1 

19.3 

13.7 

14.5 

-3.1 

-.5 

332. Producer price index, intermediate materials, supples, and components 

[1967=100] Average for period 

76.8 

77.2 

74.4 

89.2 

86.0 

84.9 

86.4 

86.9 

90.4 

94.1 

94.0 

95.2 

95.8 

95.3 

94.8 

94.7 

95.6 

96.0 

98.1 

99.7 

101.6 

104.6 

108.5 

112.0 

117.0 

125.3 

145.2 

179.5 

184.9 

196.6 

209.1 

228.9 

271.8 

298.3 

311.0 

77.0 

76.7 

74.7 

89.3 

85.5 

85.3 

86.4 

86.8 

91.1 

94.0 

94.0 

95.3 

95.9 

95.4 

94.9 

94.6 

95.4 

96.1 

98.3 

99.6 

101.7 

105.1 

108.4 

112.6 

117.2 

127.5 

149.3 

178.3 

185.5 

198.3 

210.4 

231.5 

273.6 

301.1 

309.6 

71.6 

77.7 

75.8 

75.1 

89.4 

85.4 

85.3 

86.5 

87.0 

91.6 

93.9 

94.0 

95.5 

95.8 

95.3 

95.0 

94.5 

95.4 

96.3 

98.7 

99.5 

101.8 

105.0 

108.9 

112.8 

117.5 

128.2 

152.2 

178.6 

186.1 

200.0 

211.5 

234.9 

274.2 

304.2 

308.4 

71.5 

78.1 

75.4 

76.2 

89.3 

85.2 

85.9 

86.6 

87.2 

92.0 

93.8 

94.0 

95.9 

95.6 

95.0 

95.1 

95.2 

95.3 

96.5 

99.2 

99.5 

101.9 

105.2 

109.3 

113.2 

117.9 

131.1 

156.9 

177.9 

187.1 

201.4 

213.2 

237.8 

275.9 

305.6 

308.7 

71.8 

78.8 

74.9 

76.7 

89.0 

85.5 

86.2 

86.4 

87.4 

92.1 

94.0 

94.1 

95.8 

95.8 

94.8 

95.0 

95.4 

95.1 

96.9 

99.3 

99.8 

102.2 

105.4 

109.7 

113.8 

118.1 

133.5 

160.0 

177.7 

188.6 

201.5 

214.8 

240.3 

278.5 

307.0 

309.7 

72.1 

78.9 

74.7 

78.3 

88.1 

85.3 

88.1 

91.3 

94.2 

94.2 

95.8 

95.7 

94.7 

95.1 

95.3 

95.2 

96.9 

99.8 

99.9 

102.3 

105.5 

110.1 

114.6 

118.4 

131.3 

165.7 

178.4 

189.7 

202.0 

215.4 

244.3 

280.8 

307.6 

310.3 

72.3 

79.2 

74.3 

79.5 

86.9 

85.5 

86.5 

86.4 

88.4 

92.3 

94.5 

94.3 

95.7 

95.6 

94.7 

95.0 

95.3 

95.2 

97.1 

100.3 

100.0 

102.4 

106.0 

110.3 

115.4 

118.6 

135.1 

173.3 

180.0 

190.3 

202.9 

217.0 

247.6 

283.9 

309.6 

310.3 

73.5 

79.3 

74.0 

81.2 

86.7 

85.6 

86.4 

86.3 

89.2 

92.6 

94.4 

94.4 

95.6 

95.6 

94.7 

95.0 

95.3 

95.4 

97.2 

100.1 

100.2 

102.7 

106.3 

110.6 

115.4 

119.4 

133.4 

173.5 

180.6 

192.1 

203.9 

218.8 

251.8 

285.4 

309.9 

310.8 

74.3 

78.9 

73.9 

82.7 

86.5 

85.4 

86.4 

86.2 

89.6 

93.1 

94.2 

94.5 

95.7 

95.5 

94.5 

94.9 

95.6 

95.8 

97.3 

99.8 

100.3 

102.9 

106.9 

111.2 

115.3 

120.2 

134.7 

177.4 

182.4 

192.3 

204.3 

221.2 

256.0 

288.2 

310.3 

310.9 

75.2 

78.9 

73.7 

83.6 

86.6 

85.1 

86.3 

86.5 

89.7 

93.2 

94.3 

94.6 

95.8 

95.3 

94.7 

94.8 

95.6 

95.8 

97.6 

99.9 

100.7 

103.1 

107.4 

111.3 

115.6 

121.2 

136.1 

179.5 

183.1 

193.6 

205.7 

223.2 

258.3 

290.6 

310.7 

311.7 

76.0 

78.3 

73.7 

86.1 

86.4 

84.8 

86.4 

86.4 

89.9 

93.4 

94.4 

95.0 

95.7 

95.1 

94.9 

94.8 

95.7 

96.0 

97.5 

99.9 

101.1 

103.7 

107.8 

111.4 

116.2 

122.8 

139.0 

179.4 

183.8 

194.9 

206.6 

224.6 

260.9 

293.5 

311.0 

311.8 

77.1 

77.3 

74.4 

89.0 

85.9 

85.0 

86.4 

86.7 

90.6 

94.0 

94.1 

95.2 

95.8 

95.3 

94.8 

94.7 

95.6 

96.0 

98.0 

99.7 

101.5 

104.6 

108.5 

112.1 

116.8 

125.4 

145.7 

179.3 

184.9 

196.8 

209.1 

229.1 

270.8 

298.8 

310.8 

71.6 

78.2 

75.4 

76.0 

89.2 

85.4 

85.8 

86.5 

87.2 

91.9 

93.9 

94.0 

95.7 

95.7 

95.0 

95.0 

95.0 

95.3 

96.6 

99.1 

99.6 

102.0 

105.2 

109.3 

113.3 

117.8 

130.9 

156.4 

178.1 

187.3 

201.0 

213.2 

237.7 

276.2 

305.6 

308.9 

72.6 

79.1 

74.3 

79.7 

87.2 

85.5 

86.6 

86.4 

88.6 

92.1 

94.4 

94.3 

95.7 

95.6 

94.7 

95.0 

95.3 

95.3 

97.1 

100.1 

100.0 

102.5 

105.9 

110.3 

115.1 

118.8 

133.3 

170.8 

179.7 

190.7 

202.9 

217.1 

247.9 

283.4 

309.0 

310.5 

75.2 

78.7 

73.8 

84.1 

86.5 

85.1 

86.4 

86.4 

89.7 

93.2 

94.3 

94.7 

95.7 

95.3 

94.7 

94.8 

95.6 

95.9 

97.5 

99.9 

100.7 

103.2 

107.4 

111.3 

115.7 

121.4 

136.6 

178.8 

183.1 

193.6 

205.5 

223.0 

258.4 

290.8 

310.7 

311.5 

72.4 

78.3 

75.2 

78.6 

88.1 

85.5 

86.0 

86.5 

88.1 

92.0 

94.1 

94.3 

95.6 

95.6 

95.0 

94.9 

95.2 

95.5 

96.8 

99.2 

100.0 

102.3 

105.8 

109.9 

114.1 

118.7 

131.6 

162.9 

180.0 

189.1 

201.5 

215.6 

243.2 

280.3 

306.0 

310.4 

332c. Change in producer price index, mtermednte materials, 

[Percent] Average for period 

-0.9 

-1.0 

.5 

.8 

-.2 

0 

-.1 

.5 

.2 

.3 

-.3 

.2 

0 

.1 

0 

0 

-.1 

0 

.4 

-.2 

.5 

.4 

-.1 

.2 

.6 

1.5 

1.8 

-.3 

.3 

.5 

.6 

.9 

1.8 

.4 

-.3 

0.3 

-.6 

.4 

.1 

-.6 

.5 

0 

-.1 

0 

.1 

.1 

.1 

.1 

-.1 

-.2 

.1 

.2 

-.1 

.1 

.5 

-.1 

.5 

.2 

1.8 

2.8 

-.7 

.3 

.9 

.6 

1.1 

.7 

.9 

-.5 

0.9 

-1.2 

.5 

.1 

-.1 

0 

.1 

.2 

.5 

-.1 

0 

.2 

-.1 

-.1 

.1 

-.1 

0 

.2 

.4 

-.1 

.1 

-.1 

5 

.2 

.3 

.5 

1.9 

.2 

.3 

.9 

.5 

1.5 

.2 

1.0 

-.4 

-0.1 

.5 

-.5 

1.5 

-.1 

-.2 

.7 

.1 

.2 

.4 

-.1 

0 

.4 

-.2 

-.3 

.1 

.7 

-.1 

.2 

.5 

0 

.1 

.2 

.4 

.4 

.3 

2.3 

3.1 

-.4 

.5 

.7 

.8 

1.2 

.6 

.5 

.1 

0.4 

.9 

-.7 

.7 

-.3 

.4 

.3 

-.2 

.2 

.1 

.2 

.1 

-.1 

.2 

-.2 

-.1 

.2 

-.2 

.4 

.1 

.3 

.3 

.2 

.4 

.5 

.2 

1.8 

2.0 

-.1 

1.1 

.9 

.5 

.3 

0.4 

.1 

-.3 

2.1 

-1.0 

-.2 

.7 

.2 

.8 

-.9 

.2 

.1 

0 

-.1 

-.1 

.1 

0 

.5 

.1 

.1 

.1 

.4 

.7 

.3 

-1.6 

3.6 

.4 

.6 

.2 

.3 

1.7 

.8 

.2 

.2 

0.3 

.4 

-.5 

1.5 

-1.4 

.2 

-.3 

-.2 

.3 

1.1 

.3 

.1 

-.1 

-.1 

0 

-.1 

0 

0 

.2 

.5 

.1 

.1 

.5 

.2 

.7 

.2 

2.9 

4.6 

.9 

.3 

.4 

.7 

1.4 

1.1 

.7 

0 

1.7 

.1 

-.4 

2.1 

-.2 

.1 

-.1 

-.1 

.9 

.3 

-.1 

.1 

-.1 

0 

0 

0 

0 

.2 

.1 

-.2 

.2 

.3 

.3 

.3 

0 

.7 

-1.3 

.1 

.3 

.9 

.5 

.8 

1.7 

.5 

.1 

.2 

1.1 

-.5 

-.1 

1.8 

-.2 

-.2 

0 

-.1 

.4 

.5 

-.2 

.1 

.1 

-.1 

-.2 

-.1 

.3 

.4 

.1 

-.3 

.1 

.2 

.6 

.5 

-.1 

.7 

1.0 

2.2 

1.0 

.1 

.2 

1.1 

1.7 

1.0 

.1 

0 

1.2 

0 

-.3 

1.1 

.1 

-.4 

-.1 

.3 

.1 

.1 

.1 

!1 

.1 

-.2 

.2 

-.1 

0 

0 

.3 

.1 

.4 

.2 

.5 

.1 

.3 

.8 

1.0 

1.2 

.4 

.7 

.7 

.9 

.9 

.8 

.1 

.3 

0 

3.0 

-.2 

-.4 

.1 

-.1 

.2 

.2 

.1 

.4 

-.1 

-.2 

.2 

0 

.1 

.2 

-.1 

0 

.4 

.6 

.4 

.1 

.5 

1.3 

2.1 

-.1 

.4 

.7 

.4 

.6 

1.0 

1.0 

.1 

0 

0.5 

-.7 

.4 

1.2 

-.3 

.2 

0 

.2 

.4 

.2 

-.1 

.1 

.1 

.1 

0 

-.1 

-.1 

0 

.3 

-.1 

.2 

.5 

.2 

.4 

.3 

1.3 

2.4 

-.2 

.3 

.6 

.6 

1.0 

1.6 

.8 

-.2 

0.8 

-.8 

.9 

-.1 

0 

.3 

0 

.2 

.3 

0 

0 

.2 

0 

-.2 

0 

.3 

-.1 

.3 

.3 

.1 

.2 

.1 

.4 

.4 

.3 

1.5 

2.3 

-.1 

.5 

.5 

.7 

1.3 

.6 

.7 

0 

0.8 

.2 

-.4 

1.9 

-.9 

0 

.1 

0 

.7 

.2 

.1 

.1 

-A 

0 

0 

0 

.1 

.1 

.3 

.1 

.2 

.3 

.3 

.5 

.4 

0 

2.8 

.5 

.6 

.4 

.6 

1.6 

1.1 

-.4 

-.1 

2.0 

-.1 

-.3 

0 

0 

.2 

.3 

0 

.2 

0 

-.2 

.1 

.1 

.2 

.1 

-.1 

.3 

.3 

.5 

.2 

.2 

.9 

1.4 

1.1 

.6 

.5 

.4 

.9 

1.2 

.9 

.1 

.1 

0.2 

-.5 

1.3 

0 

-.1 

.2 

0 

.3 

.3 

.1 

0 

.1 

0 

0 

0 

.1 

0 

1 

.1 

.2 

.3 

.3 

.4 

.5 

1.0 

2.2 

.2 

.5 

.5 

.7 

1.3 

1.0 

.5 

0 

footnotes at end of this part. 107 

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Year Jan. Feb. 

Monthly 

Mar. Apr. May June July Aug. Sept. 

1947 

1948 9.4 

1949 -7.7 

1950 3.3 

1951 16.9 

1952 -2.5 

1953 -.2 

1954 2 

1955 1.9 

1956 4.5 

1957 1.7 

1958 -.4 

1959 2.1 

1960 .2 

1961 -.4 

1962 1.1 

1963 -.8 

1964 -.4 

1965 1.0 

1966 2.9 

1967 -.6 

1968 3.0 

1969 4.1 

1970 3.8 

1971 2.9 

1972 3.9 

1973 13.8 

1974 27.7 

1975 1.4 

1976 4.1 

1977 8.2 

1978 7:2 

1979 12.8 

1980 14.7 

1981 11.4 

1982 -1.2 

1947 

1948 57.6 

1949 63.2 

1950 62.8 

1951 70.1 

1952 71.8 

1953 72.4 

1954 74.2 

1955 75.0 

1956 79.4 

1957 85.9 

1958 89.4 

1959 90.7 

1960 91.6 

1961 91.8 

1962 92.0 

1963 92.2 

1964 92.6 

1965 93.9 

1966 95.0 

1967 98.8 

1968 101.9 

1969 105.1 

1970 109.8 

1971 115.3 

1972 118.1 

1973 120.2 

1974 128.1 

1975 157.0 

1976 168.8 

1977 178.9 

1978 192.2 

1979 208.3 

1980 228.0 

1981 253.5 

1982 274.9 

1947 

1948 0.7 

t949 0 

1950 0 

1951 1.2 

1952 1 

1953 .1 

1954 .3 

1955 1 

1956 5 

1957 4 

1958 1 

1959 2 

1960 1 

1961 2 

1962 .1 

1963 -.1 

1964 -.2 

1965 4 

1966 1 

1967 2 

1968 3 

1969 .4 

1970 4 

1971 3 

1972 3 

1973 0 

1974 1.2 

1975 1.2 

1976 .7 

1977 1 

1978 3 

1979 8 

1980 1.2 

1981 1.1 

1982 5 

332c. Change in producer price index, intermediate materials, supples, and components, over 6-month spans4 

[Annual rate, percent] 

Oct. Nov. Dec. 

7.9 

-8.7 

6.9 

14.1 

-3.2 

1.9 

.7 

1.6 

5.2 

1.3 

-.6 

2.8 

-.4 

-.6 

1.5 

3.3 

-.8 

2.4 

4.1 

3.6 

3.4 

4.0 

17.0 

32.9 

-1.8 

4.4 

8.2 

7.4 

13.5 

14.1 

10.6 

-1.3 

7.5 

-8.5 

8.3 

6.8 

-2.1 

3.3 

0 

2.3 

5.0 

1.3 

-.6 

1.7 

.2 

-.6 

.2 

1.3 

-1.3 

1.9 

3.7 

-.2 

2.2 

3.3 

3.6 

4.4 

3.3 

18.2 

32.5 

-1.9 

5.3 

6.9 

8.1 

14.5 

13.9 

9.4 

3.6 

-8.3 

12.0 

-.9 

-2.1 

4.5 

.2 

3.7 

2.5 

.9 

-.2 

1.7 

-.2 

-1.0 

.6 

1.3 

-1.0 

1.9 

4.3 

0 

2.4 

2.5 

2.8 

5.1 

3.6 

13.2 

35.0 

-1.8 

5.8 

6.7 

7.4 

15.9 

10.7 

7.3 

-1.0 

6.3 

-7.4 

14.2 

-5.1 

-1.2 

3.8 

0 

3.5 

4.2 

.9 

.6 

1.1 

-.4 

-1.3 

.4 

1.3 

-.8 

2.3 

4.5 

.6 

1.6 

2.7 

3.3 

6.2 

2.8 

16.3 

42.4 

.6 

5.9 

6.5 

7.7 

17.0 

9.1 

7.7 

-.4 

6.1 

-6.9 

18.2 

-5.7 

.2 

2.6 

-.2 

5.6 

3.3 

.9 

.9 

.6 

-.6 

-1.5 

.2 

1.5 

0 

2.3 

3.7 

1.2 

2.0 

2.3 

4.1 

5.0 

3.8 

9.5 

35.0 

2.6 

7.2 

5.7 

8.1 

18.3 

8.8 

5.9 

7.7 

3.1 

-5.0 

21.3 

-6.4 

0 

2.6 

-.7 

6.1 

3.3 

.6 

1.1 

.4 

-.6 

-1.7 

-.2 

2.3 

.8 

2.1 

2.2 

1.6 

2.2 

3.7 

4.3 

4.5 

4.6 

10.4 

35.9 

4.3 

6.8 

4.3 

9.4 

18.8 

10.5 

4.1 

1.6 

10.6 

2.1 

-4.5 

20.4 

-6.0 

-.2 

.9 

-.2 

5.8 

2.6 

1.1 

1.3 

-.2 

-.6 

-.6 

-.6 

2.3 

1.4 

2.4 

2.4 

4.2 

3.7 

4.3 

5.7 

7.8 

30.9 

5.9 

7.1 

4.3 

9.6 

18.0 

10.9 

3.4 

2.0 

12.0 

-1.3 

-3.2 

26.0 

-5.8 

-1.6 

.5 

0 

5.8 

2.8 

.9 

1.9 

-.2 

-1.5 

.2 

-.4 

.6 

1.9 

1.2 

1.2 

2.6 

3.0 

4.6 

3.1 

4.3 

8.1 

8.4 

25.7 

7.0 

6.8 

5.1 

9.3 

17.9 

11.1 

2.6 

1.4 

15.5 

-2.3 

-1.9 

27.8 

-4.3 

-.9 

-.7 

-.2 

4.8 

5.6 

.2 

1.7 

0 

-1.0 

.2 

1.7 

1.7 

.2 

2.4 

3.7 

6.0 

3.1 

3.0 

8.6 

18.0 

18.0 

6.8 

6.3 

5.8 

11.0 

19.4 

11.9 

2.8 

-.1 

12.8 

-5.0 

.3 

25.9 

-2.1 

-1.4 

-.2 

1.2 

4.6 

3.9 

-1.1 

1.9 

.2 

-.6 

.2 

-.6 

.6 

1.7 

2.1 

-1.2 

3.2 

4.3 

4.8 

3.1 

2.8 

11.6 

15.5 

7.3 

5.5 

6.7 

6.2 

11.3 

20.5 

10.4 

.9 

-.3 

9.8 

-6.4 

1.9 

20.9 

-2.7 

-.7 

0 

1.2 

4.3 

3.0 

-.8 

1.9 

.6 

-.4 

.4 

-.8 

.2 

1.5 

2.3 

-1.0 

3.0 

4.7 

4.0 

3.6 

3.1 

14.0 

25.3 

5.6 

5.5 

6.6 

6.5 

11.9 

18.1 

11.3 

-.2 

-1.6 

Quarterly 

I P IIQ IHQ IVQ 

Annual 

Average for period 

8.3 

-8.3 

6.2 

12.6 

-2.6 

1.7 

.3 

1.9 

4.9 

1.4 

-.5 

2.2 

0 

-.5 

.7 

.4 

-.8 

1.5 

3.3 

-.5 

2.5 

3.8 

3.7 

3.6 

3.7 

16.3 

31.0 

-.8 

4.6 

7.8 

7.6 

13.6 

14.2 

10.5 

-1.1 

5.3 

-7.5 

14.8 

-3.9 

-1.0 

3.6 

0 

4.3 

3.3 

.9 

.4 

1.1 

-.4 

-1.3 

.4 

1.4 

-.6 

2.2 

4.2 

.6 

2.0 

2.5 

3.4 

5.4 

3.4 

13.0 

37.5 

.5 

6.3 

6.3 

7.7 

17.1 

9.5 

7.0 

-.2 

10.1 

1.3 

-4.2 

22.6 

-6.1 

-.6 

1.3 

-.3 

5.9 

2.9 

.9 

1.4 

0 

-.9 

-.7 

-.4 

1.2 

1.3 

1.9 

1.6 

2.2 

2.5 

4.2 

3.7 

4.4 

6.1 

8.9 

30.8 

5.7 

6.9 

4.6 

9.4 

18.2 

10.8 

3.4 

1.7 

12.7 

-4.6 

.1 

24.9 

-3.0 

-1.0 

-.3 

.7 

4.6 

4.2 

-.6 

1.8 

.3 

-.7 

.3 

-.7 

.5 

1.6 

2.0 

-.7 

2.9 

4.2 

4.9 

3.3 

3.0 

11.4 

19.6 

10.3 

5.9 

6.5 

6.2 

11.4 

19.3 

11.2 

1.2 

-.7 

2.6 

-5.0 

17.1 

-.1 

-1.3 

1.6 

.2 

4.2 

3.8 

.7 

.8 

.9 

-.5 

-.6 

0 

.9 

.4 

1.9 

2.1 

1.3 

2.8 

3.9 

3.5 

4.1 

6.2 

14.4 

27.4 

2.8 

6.1 

6.2 

9.0 

17.1 

11.4 

5.5 

-.1 

333. Producer price index, capital equipment 

[1967=100] Average for period 

57.9 

63.6 

62.8 

70.4 

72.4 

72.4 

74.3 

75.1 

79.9 

86.3 

89.5 

90.8 

91.7 

91.7 

92.0 

92.2 

92.7 

94.0 

95.4 

99.1 

102.2 

105.4 

110.2 

115.7 

118.7 

121.1 

129.2 

158.3 

169.6 

179.8 

193.2 

210.1 

229.8 

256.1 

274.5 

58.1 

63.8 

63.0 

71.0 

72.5 

72.7 

74.3 

75.3 

80.4 

86.6 

89.5 

91.2 

91.8 

91.8 

92.1 

92.2 

93.0 

94.2 

95.6 

99.1 

102.4 

105.6 

110.6 

115.9 

118.9 

121.7 

130.9 

159.9 

170.6 

180.7 

194.5 

211.5 

232.2 

258.1 

276.0 

54.5 

58.4 

63.9 

63.3 

71.2 

72.5 

73.0 

74.5 

75.5 

81.2 

86.8 

89.6 

91.3 

91.7 

91.8 

92.2 

92.2 

93.1 

94.4 

95.9 

99.4 

102.9 

105.8 

110.8 

116.2 

119.3 

122.3 

132.4 

160.8 

171.3 

181.5 

195.4 

213.4 

235.6 

260.2 

276.5 

55.2 

58.8 

63.8 

63.6 

71.4 

72.6 

73.3 

74.6 

75.8 

81.7 

87.0 

89.7 

91.6 

91.6 

91.8 

92.2 

92.2 

93.4 

94.3 

96.3 

99.7 

103.3 

106.2 

111.2 

116.5 

119.5 

123.2 

136.0 

161.4 

171.8 

182.5 

196.9 

214.7 

236.5 

262.3 

277.8 

55.5 

59.6 

63.7 

63.8 

71.5 

72.7 

73.9 

74.6 

76.1 

82.0 

87.1 

89.7 

91.9 

91.7 

91.9 

92.1 

92.3 

93.3 

94.4 

96.7 

99.8 

103.4 

106.5 

111.4 

116.6 

119.7 

123.5 

138.9 

162.0 

172.7 

183.5 

198.5 

215.9 

238.1 

264.1 

279.5 

55.6 

60.7 

63.7 

64.4 

71.5 

72.8 

74.2 

74.7 

76.4 

82.1 

87.7 

89.7 

91.8 

91.8 

91.8 

92.3 

92.3 

93.5 

94.5 

97.0 

99.9 

103.7 

107.0 

111.9 

117.1 

119.9 

123.7 

141.8 

163.1 

173.5 

184.5 

199.9 

217.5 

241.1 

265.6 

280.5 

55.9 

61.8 

63.3 

65.4 

71.3 

72.5 

74.1 

74.5 

77.1 

82.8 

88.0 

89.6 

91.8 

91.9 

91.8 

92.3 

92.3 

916 

94.6 

97.2 

100.2 

104.0 

107.2 

112.2 

117.4 

119.9 

124.1 

145.5 

163.4 

174.5 

186.1 

201.3 

217.7 

243.2 

267.1 

282.3 

56.3 

62.4 

63.0 

66.1 

71.4 

72.5 

74.2 

74.5 

77.9 

84.0 

88.4 

89.6 

91.9 

91.1 

91.9 

92.3 

92.5 

93.6 

94.8 

97.4 

100.4 

104.2 

107.7 

112.7 

117.2 

120.2 

124.6 

148.3 

164.7 

175.8 

187.2 

203.0 

220.0 

244.5 

268.4 

281.9 

56.7 

62.8 

63.0 

66.8 

71.7 

72.3 

74.2 

74.5 

78.7 

84.8 

88.7 

89.8 

91.8 

91.7 

92.0 

92.2 

92.6 

93.6 

94.6 

97.8 

100.9 

104.5 

108.1 

114.0 

116.9 

119.6 

124.9 

151.5 

165.6 

176.4 

189.0 

203.3 

221.5 

248.0 

270.3 

282.0 

57.0 

63.0 

62.9 

67.4 

71.7 

72.3 

73.9 

74.5 

78.6 

85.5 

89.0 

90.2 

91.5 

91.6 

91.9 

92.2 

92.6 

93.6 

94.8 

98.3 

101.2 

104.7 

108.9 

114.6 

116.9 

119.8 

125.5 

153.7 

166.8 

177.2 

190.4 

205.3 

223.2 

249.5 

272.3 

283.1 

57.2 

63.2 

62.8 

69.3 

71.7 

72.3 

74.0 

74.9 

79.0 

85.6 

89.3 

90.5 

91.5 

91.6 

91.9 

92.3 

92.8 

93.5 

94.9 

98.6 

101.6 

104.7 

109.4 

114.9 

117.7 

120.2 

126.6 

155.1 

167.7 

178.7 

191.7 

206.7 

225.2 

250.7 

273.6 

284.4 

57.9 

63.5 

62.9 

70.5 

72.2 

72.5 

74.3 

75.1 

79.9 

86.3 

89.5 

90.9 

91.7 

91.8 

92.0 

92.2 

92.8 

94.0 

95.3 

99.0 

102.2 

105.4 

110.2 

115.6 

118.6 

121.0 

129.4 

158.4 

169.7 

179.8 

193.3 

210.0 

230.0 

255.9 

275.1 

55.1 

58.9 

63.8 

63.6 

71.4 

72.6 

73.4 

74.6 

75.8 

81.6 

87.0 

89.7 

91.6 

91.7 

91.8 

92.2 

92.2 

93.3 

94.4 

96.3 

99.6 

103.2 

106.2 

111.1 

116.4 

119.5 

123.0 

135.8 

161.4 

171.9 

182.5 

196.9 

214.7 

236.7 

262.2 

277.9 

55.9 

61.6 

63.3 

65.3 

71.4 

72.6 

74.2 

74.6 

77.1 

83.0 

88.0 

89.6 

91.8 

91.6 

91.8 

92.3 

92.4 

93.6 

94.6 

97.2 

100.2 

104.0 

107.3 

112.3 

117.2 

120.0 

124.1 

145.2 

163.7 

174.6 

185.9 

201.4 

218.4 

242.9 

267.0 

281.6 

57.0 

63.0 

62.9 

67.8 

71.7 

72.3 

74.0 

74.6 

78.8 

85.3 

89.0 

90.2 

91.6 

91.6 

91.9 

92.2 

92.7 

93.6 

94.8 

98.2 

101.2 

104.6 

108.8 

114.5 

117.2 

119.9 

125.7 

153.4 

166.7 

177.4 

190.4 

205.1 

223.3 

249.4 

272.1 

283.2 

55.4 

60.4 

63.4 

64.9 

71.2 

72.4 

73.6 

74.5 

76.7 

82.4 

87.5 

89.8 

91.5 

91.7 

91.8 

92.2 

92.4 

93.3 

94.4 

96.8 

100.0 

103.5 

106.9 

112.0 

116.6 

119.5 

123.5 

141.0 

162.5 

173.4 

184.6 

199.2 

216.5 

239.8 

264.3 

279.6 

333c. Change in producer price index, capital 

[Percent] 

equipment, over 1-month spans4 

Average for period 

0.5 

.6 

0 

.4 

.8 

0 

.1 

.1 

.6 

.5 

.1 

.1 

.1 

-.1 

0 

0 

.1 

.1 

.4 

.3 

.3 

.3 

.4 

.3 

.5 

.7 

.9 

.8 

.5 

.5 

.5 

.9 

.8 

1.0 

-.1 

0.3 

.3 

.3 

.9 

.1 

.4 

0 

.3 

.6 

.3 

0 

.4 

.1 

.1 

.1 

0 

.3 

.2 

.2 

0 

.2 

.2 

.4 

.2 

.2 

.5 

1.3 

1.0 

.6 

.5 

.7 

.7 

1.0 

0.5 

.2 

.5 

.3 

0 

.4 

.3 

.3 

1.0 

.2 

.1 

.1 

-.1 

0 

.1 

0 

.1 

.2 

.3 

.3 

.5 

.2 

.2 

.3 

.3 

.5 

1.1 

.6 

.4 

.4 

.5 

.9 

1.5 

0 

0 

0 

.3 

-.1 

.4 

.3 

.4 

.4 

.4 

.3 

.2 

.7 

2.7 

.4 

.3 

.6 

.8 

.6 

.4 

0.5 

1.4 

-.2 

.3 

.1 

.1 

.8 

0 

.4 

.4 

.1 

0 

.3 

.1 

.1 

-.1 

.1 

-.1 

.1 

.4 

.1 

.1 

.3 

.2 

.1 

.2 

.2 

2.1 

.4 

.5 

.5 

.8 

.6 

.7 

.7 

.6 

0.2 

1.8 

0 

.9 

0 

.1 

.4 

.1 

.4 

.1 

.7 

0 

-.1 

.1 

-.1 

.2 

.1 

.3 

.1 

.3 

.5 

.4 

.4 

.2 

.2 

2.1 

.7 

.5 

.5 

.7 

.7 

1.3 

.6 

.4 

0.5 

1.8 

-.6 

1.6 

-.3 

-.4 

-.1 

-.3 

.9 

.9 

.3 

-.1 

0 

.1 

0 

0 

0 

.1 

0.7 

1.0 

-.5 

1.1 

.1 

0 

.1 

0 

1.0 

1.4 

.5 

0 

.1 

-.9 

.1 

0 

.2 

0 

.2 

.2 

.2 

.2 

.5 

.4 

-.2 

.3 

.4 

1.9 

.8 

.7 

.6 

.8 

1.1 

.5 

.5 

-.1 

0.7 

.6 

0 

1.1 

.4 

-.3 

0 

0 

1.0 

1.0 

.3 

.2 

-.1 

.7 

.1 

-.1 

.1 

0 

-.2 

.4 

.5 

.3 

.4 

1.2 

-.3 

-.5 

.2 

2.2 

.5 

.3 

1.0 

.1 

.7 

1.4 

.7 

0 

0.5 

.3 

-.2 

.9 

0 

0 

-.4 

0 

.3 

.4 

-.3 

-.1 

-.1 

0 

0 

0 

.2 

.5 

.3 

.2 

.7 

.5 

0 

.2 

.5 

1.5 

.7 

.5 

.7 

1.0 

.8 

.6 

.7 

.4 

0.4 

.3 

-.2 

2.8 

0 

0 

.1 

.5 

.5 

.1 

.3 

.3 

0 

0 

0 

0.5 

.3 

.1 

.8 

.3 

.2 

.1 

.2 

.6 

.4 

.1 

.2 

.1 

.1 

.1 

0 

.1 

.2 

.2 

.2 

.3 

.3 

.4 

.3 

.3 

.4 

1.1 

1.0 

.6 

.4 

.5 

.8 

1.0 

1.0 

.3 

0.5 

0.9 1.5 

-.1 -.4 

.4 1.2 

.2 -.1 

.1 -.1 

.5 .1 

.1 -.1 

.4 .8 

.7 .8 

.2 

.1 

.2 

0 

0 

0 

0 

.1 

.1 

.4 

.2 

.3 

.3 

.3 

.2 

.2 

.5 

2.0 

.5 

.4 

.5 

.7 

.7 

.9 

.8 

.4 

.5 

0 

0 

-.2 

0 

.1 

.1 

.1 

.1 

.2 

.2 

.3 

.4 

.4 

.2 

.2 

.3 

2.2 

.6 

.6 

.7 

.7 

.6 

.9 

.6 

.3 

0.5 

.4 

-.1 

1.6 

.1 

-.1 

-.1 

.2 

.5 

.6 

.3 

.3 

-.1 

.2 

0 

0 

.1 

0 

0 

.4 

.4 

.2 

.5 

.7 

.1 

0 

.5 

1.5 

.6 

.5 

0.8 

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Year 

Monthly Quarterly 

Jan. Feb. Mar. Apr. May June July 

333c. Change in producer price index, capital 

[Annual rate, percent] 

Aug. Sept. Oct. Nov. Dec. 

:, over 6-month spans4 js y_ 

IV Q Annual 

Average for period 

1947 

1948 6.1 

1949 3.5 

1950 1.0 

1951 13.6 

1952 2.2 

1953 1.9 

1954 .8 

1955 2.7 

1956 6.5 

1957 4.8 

1958 2.0 

1959 3.4 

1960 -.2 

1961 .2 

1962 .4 

1963 0 

1964 1.1 

1965 1.7 

1966 2.8 

1967 3.3 

1968 4.0 

1969 2.5 

1970 5.1 

1971 3.9 

1972 4.1 

1973 4.6 

1974 12.4 

1975 12.7 

1976 7.0 

1977 5.9 

1978 6.9 

1979 10.2 

1980 13.1 

1981 10.1 

1982 4.6 

1947 

1948 86.4 

1949 84.9 

1950 80.8 

1951 90.8 

1952 91.2 

1953 89.3 

1954 89.5 

1955 88.8 

1956 88.4 

1957 91.3 

1958 94.1 

1959 93.9 

1960 93.3 

1961 95.0 

1962 94.8 

1963 94.4 

1964 94.7 

1965 94.5 

1966 98.2 

1967 99.5 

1968 100.9 

1969 104.4 

1970 109.6 

1971 111.1 

1972 114.4 

1973 120.8 

1974 139.4 

1975 159.5 

1976 168.4 

1977 174.4 

1978 186.6 

1979 206.1 

1980 235.4 

1981 262.2 

1982 278.0 

1947 

1948 2.2 

1949 -.7 

1950 0 

1951 1.8 

1952 -.7 

1953 .2 

1954 6 

1955 2 

1956 -.1 

1957 1 

1958 3 

1959 -.1 

1960 1 

1961 -.2 

1962 .4 

1963 -.1 

1964 6 

1965 2 

1966 1 

1967 -.2 

1968 -.1 

1969 3 

1970 5 

1971 4 

1972 -.3 

1973 1.0 

1974 2.8 

1975 3 

1976 -.3 

1977 3 

1978 .5 

1979 1.2 

1980 1.4 

1981 9 

1982 .4 

6.4 

2.6 

2.2 

12.2 

2.5 

2.8 

1.9 

3.5 

8.0 

3.5 

1.6 

3.1 

.2 

.4 

.7 

0 

1.7 

1.5 

3.2 

2.9 

4.2 

2.9 

4.3 

3.3 

4.5 

5.8 

17.4 

10.3 

6.1 

6.1 

6.9 

9.4 

12.3 

10.5 

4.1 

8.6 

1.6 

3.2 

6.4 

2.8 

4.5 

1.6 

3.2 

7.7 

3.5 

.9 

3.1 

.4 

.7 

.4 

0 

1.1 

1.9 

3.8 

2.4 

3.6 

3.5 

3.7 

3.0 

3.4 

5.6 

20.4 

9.1 

6.1 

5.4 

7.2 

9.1 

11.8 

11.0 

4.4 

11.1 

1.6 

5.2 

4.0 

2.8 

5.0 

1.4 

3.8 

6.9 

4.2 

.7 

2.4 

.4 

0 

.7 

.2 

2.0 

1.3 

4.3 

2.2 

3.6 

3.6 

3.9 

3.1 

3.1 

5.9 

22.5 

7.9 

5.6 

6.4 

8.2 

9.0 

11.8 

9.8 

4.1 

13.9 

-.9 

8.5 

2.6 

.3 

4.8 

.5 

5.4 

7.4 

4.0 

.2 

2.2 

.4 

.2 

.7 

.2 

2.0 

1.3 

3.8 

2.2 

3.6 

3.4 

3.7 

3.0 

2.0 

5.0 

26.8 

6.5 

5.9 

7.1 

8.6 

7.4 

12.0 

15.3 

-2.5 

10.1 

1.1 

0 

4.2 

.5 

7.0 

9.2 

4.2 

.2 

1.5 

-1.5 

.2 

.4 

.7 

1.3 

1.3 

3.8 

2.6 

3.5 

4.0 

3.8 

2.3 

2.2 

4.8 

28.4 

6.1 

6.2 

7.3 

8.9 

8.2 

10.9 

8.1 

4.3 

8.2 

15.6 

-2.8 

11.4 

1.4 

-.6 

3.3 

0 

8.7 

9.1 

4.4 

.4 

1.1 

0 

.4 

0 

.9 

1.1 

.4 

4.0 

3.0 

3.1 

4.4 

5.9 

1.2 

.5 

4.3 

30.9 

6.1 

6.0 

8.4 

8.2 

7.7 

10.8 

7.9 

4.0 

6.6 

14.8 

-2.8 

12.3 

1.6 

-.3 

7.5 

9.5 

4.7 

1.1 

-.2 

0 

.2 

0 

.9 

.4 

1.1 

4.2 

3.0 

2.7 

5.1 

6.2 

.7 

.5 

3.8 

27.7 

6.8 

6.4 

8.8 

8.7 

8.1 

11.3 

7.8 

3.9 

6.2 

12.4 

-2.8 

18.0 

.6 

-1.1 

.3 

.8 

7.8 

9.0 

5.1 

1.8 

-.9 

-.2 

0 

.4 

1.1 

.4 

1.1 

4.0 

3.6 

2.5 

5.5 

6.4 

1.9 

.8 

5.1 

24.7 

7.2 

7.1 

9.1 

8.4 

8.8 

10.9 

7.3 

3.5 

7.3 

8.4 

-2.8 

18.5 

.8 

-1.1 

0 

.8 

8.0 

9.5 

3.9 

2.2 

-.4 

0 

.4 

-.2 

.7 

.9 

1.1 

3.7 

4.0 

2.7 

5.3 

6.2 

1.7 

.5 

7.2 

22.6 

7.1 

6.3 

8.5 

8.6 

9.9 

10.6 

7.1 

2.4 

7.3 

5.9 

-1.6 

15.9 

3.1 

-.3 

.5 

1.6 

7.4 

8.6 

3.4 

2.7 

-.2 

-.4 

.4 

-.2 

.9 

.9 

1.7 

3.9 

4.0 

2.7 

5.7 

6.3 

2.2 

2.0 

8.4 

18.4 

7.7 

6.2 

7.8 

8.9 

11.4 

10.9 

5.6 

1.9 

6.5 

4.5 

0 

15.4 

3.1 

.6 

.3 

2.2 

6.5 

6.3 

2.5 

3.6 

-.2 

1.5 

.4 

-.2 

1.1 

1.3 

1.7 

3.5 

4.0 

2.7 

5.5 

5.8 

2.9 

2.5 

10.4 

16.3 

7.3 

5.7 

8.0 

8.5 

11.4 

11.4 

5.7 

3.4 

7.0 

2.6 

2.1 

10.7 

2.5 

3.1 

1.4 

3.1 

7.4 

3.9 

1.5 

3.2 

.1 

.4 

.5 

0 

1.3 

1.7 

3.3 

2.9 

3.9 

3.0 

4.4 

3.4 

4.0 

5.3 

16.7 

10.7 

6.4 

5.8 

7.0 

9.6 

12.4 

10.5 

4.4 

13.4 

-.6 

7.9 

2.6 

1.0 

4.7 

.8 

5.4 

7.8 

4.1 

.4 

2.0 

-.2 

.1 

.6 

.4 

1.8 

1.3 

4.0 

2.3 

3.6 

3.7 

3.8 

2.8 

2.4 

5.2 

25.9 

6.8 

5.9 

6.9 

8.6 

8.2 

11.6 

8.9 

4.7 

7.0 

14.3 

-2.8 

13.9 

.9 

-.8 

1.7 

.2 

8.0 

9.2 

4.7 

1.1 

0 

-.1 

.2 

.1 

1.0 

.6 

.9 

4.1 

3.2 

2.8 

5.0 

6.2 

1.3 

.6 

4.4 

27.8 

6.7 

6.5 

8.8 

8.4 

8.2 

11.0 

7.7 

3.8 

7.0 

6.3 

-1.5 

16.6 

2.3 

-.3 

.3 

1.5 

7.3 

8.1 

3.3 

2.8 

-.3 

.4 

.4 

-.2 

.9 

1.0 

1.5 

3.7 

4.0 

2.7 

5.5 

6.1 

2.3 

1.7 

8.7 

19.1 

7.4 

6.1 

8.1 

8.7 

10.9 

11.0 

6.1 

2.6 

10.2 

-.6 

10.1 

4.1 

.6 

2.4 

1.0 

6.0 

8.1 

4.0 

1.4 

1.2 

0 

.3 

.3 

.6 

1.2 

1.3 

3.8 

3.1 

3.2 

4.3 

5.1 

2.4 

2.2 

5.9 

22.4 

7.9 

6.2 

7.4 

8.2 

9.2 

11.5 

8.3 

3.9 

334. Producer price index, finished 

[1967=100] 

consumer goods 

Average for period 

85.6 

83.9 

81.1 

92.3 

91.2 

89.1 

89.0 

89.0 

88.6 

91.7 

94.1 

93.8 

93.3 

95.4 

94.9 

94.2 

94.0 

94.5 

99.0 

99.3 

101.5 

104.3 

109.4 

111.6 

114.9 

122.3 

142.5 

159.0 

167.6 

176.5 

188.1 

208.5 

239.3 

264.8 

278.3 

85.6 

83.7 

81.1 

92.1 

91.3 

89.0 

89.0 

88.6 

89.1 

91.6 

95.2 

93.6 

94.2 

94.9 

94.6 

93.6 

94.1 

94.9 

99.3 

99.0 

101.8 

104.8 

109.5 

111.8 

114.8 

125.5 

143.7 

158.6 

167.6 

178.2 

189.1 

210.4 

241.8 

267.7 

277.0 

79.7 

86.2 

83.3 

81.1 

92.4 

91.0 

88.7 

89.5 

88.8 

89.0 

91.8 

94.6 

93.9 

94.4 

94.4 

94.3 

93.7 

94.1 

95.6 

99.4 

99.3 

102.2 

105.3 

109.6 

112.4 

114.9 

126.4 

144.8 

160.0 

168.7 

179.0 

191.7 

212.4 

243.4 

270.3 

277.3 

79.5 

86.7 

82.9 

81.7 

92.6 

90.8 

88.9 

89.6 

91.9 

94.9 

93.7 

94.3 

93.9 

94.3 

94.2 

94.0 

95.9 

99.0 

99.4 

102.3 

106.2 

109.3 

112.8 

115.6 

127.3 

146.2 

161.1 

168.6 

180.3 

192.8 

213.4 

244.4 

270.8 

276.9 

79.5 

87.1 

82.8 

82.1 

92.3 

90.6 

89.0 

89.1 

88.9 

90.2 

92.3 

94.7 

93.7 

94.4 

93.8 

94.0 

94.4 

94.2 

96.3 

98.5 

100.2 

102.6 

106.8 

109.6 

113.2 

116.2 

128.9 

145.5 

162.5 

169.0 

180.4 

194.8 

214.8 

246.6 

272.1 

280.0 

79.4 

87.4 

82.0 

83.8 

91.4 

91.0 

89.2 

89.3 

88.0 

89.9 

92.6 

94.5 

93.4 

94.7 

94.0 

94.0 

94.4 

94.3 

96.2 

98.9 

100.1 

102.9 

106.9 

109.7 

112.6 

116.8 

128.4 

149.4 

164.1 

169.3 

181.1 

196.3 

217.1 

251.0 

272.8 

281.5 

80.2 

87.6 

81.8 

85.4 

91.2 

90.9 

89.1 

89.2 

92.8 

94.3 

93.1 

94.6 

94.3 

94.6 

94.2 

94.3 

96.4 

100.2 

100.4 

103.0 

107.1 

109.5 

113.4 

117.3 

134.0 

152.0 

165.7 

169.6 

182.1 

196.4 

219.7 

254.1 

272.9 

282.6 

81.3 

87.2 

81.6 

86.2 

91.1 

90.5 

89.7 

88.6 

88.4 

90.4 

92.6 

94.4 

94.2 

94.6 

94.0 

95.5 

94.1 

94.5 

96.5 

100.5 

100.7 

103.7 

107.4 

110.7 

113.2 

118.1 

133.5 

153.4 

166.8 

170.0 

182.7 

198.3 

224.2 

255.1 

274.2 

283.0 

82.1 

86.8 

81.4 

86.6 

91.6 

90.3 

89.3 

88.5 

88.2 

90.6 

93.0 

94.1 

93.3 

95.3 

93.9 

94.7 

94.2 

94.5 

96.9 

100.3 

100.6 

103.9 

108.1 

110.5 

113.6 

117.6 

133.2 

156.2 

168.2 

171.2 

183.5 

199.6 

226.6 

256.9 

275.3 

284.4 

83.1 

86.1 

81.3 

87.5 

91.7 

90.0 

88.9 

88.7 

88.4 

91.0 

93.4 

94.0 

92.9 

95.5 

94.0 

94.8 

94.3 

94.4 

97.3 

100.0 

100.8 

104.0 

109.0 

110.9 

114.0 

118.4 

134.5 

159.4 

168.8 

172.5 

185.0 

201.0 

229.9 

258.6 

275.9 

286.2 

84.5 

85.5 

80.8 

89.2 

91.8 

89.1 

89.0 

88.6 

88.5 

91.2 

93.8 

94.0 

93.2 

95.2 

94.4 

94.5 

94.1 

94.3 

98.1 

99.7 

101.0 

104.1 

109.1 

110.7 

114.8 

119.6 

135.6 

159.1 

168.9 

173.8 

185.6 

203.6 

232.2 

259.9 

277.0 

287.0 

85.9 

84.2 

81.0 

91.7 

91.2 

89.1 

89.2 

88.8 

88.7 

91.5 

94.5 

93.8 

93.6 

95.1 

94.8 

94.1 

94.3 

94.6 

98.8 

99.3 

101.4 

104.5 

109.5 

111.5 

114.7 

122.9 

141.9 

159.0 

167.9 

176.4 

187.9 

208.3 

238.8 

264.9 

277.8 

79.6 

86.7 

83.0 

81.6 

92.4 

90.8 

88.9 

89.4 

88.7 

89.7 

92.0 

94.7 

93.8 

94.4 

94.0 

94.2 

94.1 

94.1 

95.9 

99.0 

99.6 

102.4 

106.1 

109.5 

112.8 

115.6 

127.5 

145.5 

161.2 

168.8 

179.9 

193.1 

213.5 

244.8 

271.1 

278.1 

80.3 

87.4 

81.8 

85.1 

91.2 

90.8 

89.3 

89.0 

88.2 

90.0 

92.7 

94.4 

93.6 

94.6 

94.1 

94.7 

94.2 

94.4 

96.4 

99.9 

100.4 

103.2 

107.1 

110.0 

113.1 

117.4 

132.0 

151.6 

165.5 

169.6 

182.0 

197.0 

220.3 

253.4 

273.3 

282.4 

83.2 

86.1 

81.2 

87.8 

91.7 

89.8 

89.1 

88.6 

88.4 

90.9 

93.4 

94.0 

93.1 

95.3 

94.1 

94.7 

94.2 

94.4 

97.4 

100.0 

100.8 

104.0 

108.7 

110.7 

114.1 

118.5 

134.4 

158.2 

168.6 

172.5 

184.7 

201.4 

229.6 

258.5 

276.1 

285.9 

80.5 

86.5 

82.5 

83.9 

91.8 

90.7 

89.2 

89.1 

88.5 

89.8 

92.4 

94.4 

93.6 

94.5 

94.3 

94.6 

94.1 

94.3 

96.1 

99.4 

100.0 

102.7 

106.6 

109.9 

112.9 

116.6 

129.2 

149.3 

163.6 

169.7 

180.7 

194.9 

217.9 

248.9 

271.3 

280.9 

334c. Change in producer price index, finished consumer goods, over 1-month spans4 

[Percent] 

-0.9 

-1.2 

.4 

1.7 

0 

-.2 

-.6 

.2 

.2 

.4 

0 

-.1 

0 

.4 

.1 

-.2 

-.7 

-.2 

.6 

-.1 

-.2 

.5 

.4 

1.2 

2.2 

-.3 

-.5 

1.2 

.8 

1.2 

1.7 

1.0 

.1 

0 

-.2 

0 

-.2 

.1 

-.1 

0 

-.4 

.6 

-.1 

1.2 

-.2 

1.0 

-.5 

-.3 

-.6 

.1 

.4 

.3 

-.3 

.3 

.5 

.1 

.2 

-.1 

2.6 

-.3 

0 

1.0 

.5 

.9 

1.0 

1.1 

-.5 

.9 

.7 

.4 

1.4 

1.0 

.7 

1.0 

.1 

-0.3 

.6 

-.5 

.7 

.2 

-.2 

.2 

.1 

-.6 

.9 

.1 

.3 

-.2 

-.1 

-.5 

0 

.5 

-.1 

.3 

-.4 

.1 

.1 

.9 

-.3 

.4 

.6 

.7 

1.0 

.7 

-.1 

.7 

.6 

.5 

.4 

.2 

0 

.5 

-.1 

.5 

-.3 

-.2 

.1 

-.6 

.7 

.4 

.4 

-.2 

0 

.1 

-.1 

-.3 

.2 

.2 

.4 

-.5 

.8 

.3 

.6 

.3 

.4 

.5 

1.3 

-.5 

.9 

.2 

.1 

1.0 

.7 

.9 

.5 

1.1 

-0.1 

.3 

-1.0 

2.1 

-1.0 

.4 

.2 

.2 

-1.0 

-.3 

.3 

-.2 

-.3 

.3 

.2 

0 

0 

.1 

-.1 

.4 

-.1 

.3 

.1 

.1 

-.5 

.5 

-.4 

2.7 

1.0 

.2 

.4 

.8 

1.1 

1.8 

.3 

.5 

1.0 

.2 

-.2 

1.9 

-.2 

-.1 

-.1 

-.1 

.2 

-.1 

.2 

-.2 

-.3 

-.1 

.3 

.6 

-.2 

0 

.2 

1.3 

.3 

.1 

.2 

-.2 

.7 

.4 

4.4 

1.7 

1.0 

.2 

.6 

.1 

1.2 

1.2 

0 

.4 

1.4 

-.5 

-.2 

.9 

-.1 

-.4 

.7 

-.7 

.2 

.7 

-.2 

.1 

1.2 

0 

-.3 

1.0 

-.5 

-.2 

.5 

.5 

-.2 

-.4 

-.1 

-.2 

.2 

.4 

-.3 

-1.0 

.7 

-.1 

-.8 

.1 

0 

.4 

-.2 

-.1 

.2 

.7 

-.2 

.4 

-.4 

-.2 

1.8 

.7 

.4 

.7 

1.1 

.7 

.4 

.5 

1.2 

-.8 

-.1 

1.0 

.1 

-.3 

-.4 

.2 

.2 

.4 

.4 

-.1 

-.4 

.2 

.1 

.1 

.1 

-.1 

.4 

-.3 

.2 

.1 

.8 

.4 

.4 

.7 

1.0 

2.0 

.7 

1.5 

.7 

.2 

.6 

1.7 

-.7 

-.6 

1.9 

.1 

-1.0 

.1 

-.1 

.1 

.2 

.4 

0 

.3 

-.3 

.4 

-.3 

-.2 

-.1 

.8 

-.3 

.2 

.1 

.1 

-.2 

.7 

1.0 

.8 

-.2 

.1 

.8 

.3 

1.3 

1.0 

.5 

.4 

.3 

Average for period 

0.4 

-.7 

.1 

1.1 

-.2 

0 

0 

0 

.2 

.1 

.5 

-.1 

.4 

-.1 

.1 

-.3 

0 

.2 

.4 

-.2 

.3 

.2 

A 

0 

1.6 

1.9 

-.1 

-.3 

.8 

.6 

1.1 

1.4 

1.0 

0 

0.6 

-.4 

.4 

.1 

-.2 

0 

0 

.1 

.4 

.2 

-.2 

0 

.1 

-.4 

-.2 

.3 

0 

.5 

-.3 

.4 

.3 

.7 

0 

.4 

.4 

.9 

.4 

.8 

.3 

.4 

1.0 

.7 

.7 

.6 

.4 

0.8 

0 

-.5 

1.6 

-.4 

0 

0 

.5 

1.2 

1.8 

.9 

.2 

.4 

.6 

1.4 

1.1 

.3 

.3 

1.3 

-.7 

-.3 

1.1 

.2 

-.5 

-.2 

0 

0 

.3 

.4 

-A 

.2 

.1 

-.3 

0 

-.1 

.5 

-.3 

.1 

.5 

0 

.5 

.4 

.5 

1.2 

.4 

.8 

.5 

.9 

1.2 

.6 

.3 

.5 

0.1 

-.5 

.8 

.2 

-.2 

0 

0 

0 

.2 

.2 

0 

-.1 

.2 

-.1 

0 

0 

0 

.3 

.1 

.1 

.3 

.4 

.1 

.3 

.3 

1.1 

1.3 

.5 

.2 

.5 

.8 

1.1 

1.0 

.5 

.3 

See footnotes at end of this part. 109 

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Year 

1947 

1948 

1949 

1950 

1951 

1952 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 :... 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

1947 

1948 

1949 

1950 

1951 

1952 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

1947 

1948 

1949 

1950 

1951 

1952 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

Jan. 

10.2 

-7.9 

-.7 

13.8 

-1.3 

-3.5 

.4 

.7 

1.8 

2.7 

3.5 

-.4 

2.4 

-1.9 

.9 

-2.1 

-.2 

2.3 

5.2 

-2.0 

3.2 

2.7 

2.8 

3.5 

2.3 

15.5 

18.2 

4.9 

.6 

9.3 

9.1 

13.2 

15.4 

10.7 

1.5 

68.2 

75.8 

77.9 

74.6 

86.6 

84.9 

84.0 

85.1 

85.6 

89.5 

93.0 

93.7 

94.7 

95.7 

95.2 

95.0 

94.7 

95.3 

95.9 

97.4 

99.5 

101.5 

104.3 

108.3 

112.2 

115.9 

120.0 

135.3 

167.5 

177.4 

188.4 

201.6 

220.0 

260.6 

291.5 

311.8 

3.0 

1.6 

-.5 

.3 

2.1 

-.2 

1 

0 

.4 

.6 

.3 

0 

.2 

.1 

.2 

.1 

0 

.1 

.1 

.3 

.3 

.4 

.5 

.5 

.4 

.3 

.5 

2.3 

.8 

.7 

.5 

.8 

1.3 

3.0 

1.7 

.6 

Feb. 

8.9 

-7.3 

1.0 

12.0 

-2.0 

-2.4 

1.6 

-.9 

3.2 

2.0 

3.2 

-.6 

3.0 

-3.3 

.6 

-1.3 

-.6 

3.2 

3.5 

-1.2 

3.0 

4.3 

.6 

3.5 

2.8 

15.6 

18.2 

2.1 

-.2 

9.2 

8.6 

12.7 

13.0 

9.7 

.7 

68.6 

75.4 

77.2 

74.8 

87.1 

84.9 

84.0 

84.9 

86.0 

89.6 

93.2 

93.4 

94.9 

95.6 

95.2 

94.8 

94.6 

95.2 

95.9 

97.6 

99.7 

102.0 

104.9 

108.6 

112.5 

116.5 

121.3 

138.2 

168.4 

178.1 

190.0 

202.9 

222.5 

265.9 

295.7 

311.6 

0.6 

-.5 

-.9 

.3 

.6 

0 

0 

-.2 

.5 

.1 

.2 

-.3 

.2 

-.1 

0 

-.2 

-.1 

-.1 

0 

.2 

.2 

.5 

.6 

.3 

.3 

.5 

1.1 

2.1 

.5 

.4 

.8 

.6 

1.1 

2.0 

1.4 

-.1 

Mar. Apr. May 

Monthly 

June July Aug. 

334c. Chanf e > producer price index, finished consumer goods, over 6-month 

6.2 

-6.2 

3.2 

7.1 

-2.6 

-.2 

.2 

.7 

3.9 

2.4 

1.9 

-.6 

2.6 

-2.9 

-.8 

-.2 

.2 

4.3 

.8 

1.0 

3.2 

5.3 

.9 

4.6 

2.5 

16.2 

15.1 

4.3 

.1 

7.7 

10.2 

11.3 

12.8 

9.6 

2.2 

69.5 

75.4 

76.8 

74.8 

87.1 

84.6 

84.3 

84.9 

85.9 

89.9 

93.1 

93.4 

95.2 

95.6 

95.2 

94.8 

94.6 

95.1 

96.0 

97.8 

99.7 

102.2 

105.4 

108.8 

113.0 

116.8 

122.8 

142.4 

168.9 

179.0 

191.7 

204.1 

225.4 

268.6 

299.6 

311.0 

2.3 

-6.7 

7.6 

1.3 

-.4 

-.2 

-.4 

-1.8 

3.4 

2.9 

.9 

-1.1 

3.0 

-2.1 

-1.7 

0 

-.8 

3.6 

1.4 

1.2 

4.0 

4.8 

.2 

2.7 

4.2 

13.0 

14.9 

5.9 

1.1 

7.8 

10.7 

11.0 

13.7 

8.2 

2.5 

[Annual rate, percent] 

4.7 

-4.9 

10.9 

-2.4 

-.7 

0 

.4 

-1.8 

2.7 

2.4 

.4 

-1.5 

2.8 

-2.3 

-.6 

0 

.6 

4.1 

2.4 

2.2 

3.0 

5.4 

.2 

3.3 

4.2 

20.0 

13.8 

8.6 

2.4 

6.4 

9.0 

11.0 

12.8 

6.2 

3.1 

3.8 

-5.0 

13.0 

-2.2 

-1.7 

1.6 

-.9 

-.5 

2.9 

2.2 

-1.7 

1.3 

.9 

-1.9 

1.9 

1.1 

.9 

3.4 

2.4 

3.5 

3.8 

5.0 

2.2 

2.5 

5.8 

13.2 

14.0 

10.6 

2.9 

5.1 

10.0 

13.5 

11.3 

4.9 

4.4 

335. Producer price index, industrial 

69.8 

75.8 

75.8 

74.9 

87.0 

84.2 

84.1 

85.0 

86.0 

90.3 

93.1 

93.2 

95.3 

95.6 

95.1 

94.9 

94.4 

95.1 

96.0 

98.1 

99.6 

102.4 

105.5 

109.3 

113.4 

117.3 

124.2 

146.6 

169.7 

180.1 

193.3 

206.1 

229.0 

271.3 

303.5 

309.9 

69.7 

75.8 

74.9 

75.4 

86.7 

83.9 

84.4 

85.0 

85.8 

90.4 

93.0 

93.1 

95.4 

95.2 

94.8 

94.9 

94.5 

95.1 

96.2 

98.5 

99.7 

102.3 

105.5 

109.6 

113.8 

117.6 

125.3 

150.5 

170.3 

180.5 

194.2 

207.4 

231.6 

271.9 

304.7 

309.6 

[1967=100] 

69.8 

76.2 

74.4 

75.9 

86.4 

83.6 

84.7 

84.9 

85.9 

90.3 

93.0 

93.1 

95.2 

95.2 

94.6 

94.7 

94.7 

94.9 

96.4 

98.7 

99.7 

102.4 

105.6 

109.9 

114.0 

117.9 

126.0 

153.6 

170.7 

181.5 

194.7 

208.7 

234.0 

273.5 

305.1 

310.6 

6.1 

1.4 

-4.5 

14.0 

-1.7 

-1.5 

1.4 

-2.2 

-1.3 

3.6 

2.6 

-1.1 

-1.3 

1.9 

-1.1 

.9 

1.1 

.9 

2.7 

1.8 

2.6 

3.4 

5.4 

1.6 

2.1 

4.8 

11.0 

16.4 

10.5 

3.0 

5.1 

8.4 

13.8 

11.4 

3.7 

5.2 

commodities 

70.3 

76.9 

74.1 

77.1 

86.0 

83.5 

85.3 

84.9 

86.5 

90.2 

93.4 

93.3 

95.4 

95.2 

94.6 

94.8 

94.8 

95.1 

96.4 

99.0 

99.7 

102.4 

105.7 

110.1 

114.6 

118.1 

126.1 

157.8 

171.2 

182.7 

195.9 

210.2 

237.5 

276.2 

306.2 

312.8 

335c. Change in producer price index, industrial commodities, ova 

1.3 

0 

-.5 

0 

0 

-.4 

.4 

0 

-.1 

.3 

-.1 

0 

.3 

0 

0 

0 

0 

-.1 

.1 

.2 

0 

.2 

.5 

.2 

.4 

.3 

1.2 

3.0 

.3 

.5 

.9 

.6 

1.3 

1.0 

1.3 

-.2 

0.4 

.5 

-1.3 

.1 

-.1 

-.5 

-.2 

.1 

.1 

.4 

0 

-.2 

.1 

0 

-.1 

.1 

-.2 

0 

0 

.3 

-.1 

.2 

.1 

.5 

.4 

.4 

1.1 

2.9 

.5 

.6 

.8 

1.0 

1.6 

1.0 

1.3 

-.4 

-0.1 

0 

-1.2 

.7 

-.3 

-.4 

.4 

0 

-2 

-.1 

-.1 

-.4 

- 3 

0 

.1 

0 

.2 

.4 

.1 

-.1 

0 

.3 

.4 

.3 

.9 

2.7 

.4 

.2 

.5 

.6 

1.1 

.2 

.4 

-.1 

[Percent] 

0.1 

-.7 

-.3 

-.4 

-.1 

- 1 

0 

0 

-.2 

0 

-.2 

-.2 

.2 

-.2 

.2 

.2 

0 

.1 

.1 

.3 

.2 

.3 

.6 

2.1 

.2 

.6 

.3 

.6 

1.0 

.6 

.1 

.3 

0.7 

.9 

-.4 

1.6 

-.5 

-.1 

.7 

0 

.7 

-.1 

.4 

.2 

.2 

0 

0 

.1 

.1 

.2 

0 

.3 

0 

0 

.1 

.2 

.5 

.2 

.1 

2.7 

.3 

.7 

.6 

.7 

1.5 

1.0 

.4 

.7 

9.3 

-1.4 

-3.8 

14.7 

-1.9 

-1.8 

0 

-2.0 

.2 

2.7 

3.3 

-1.9 

-1.7 

2.6 

.2 

1.1 

.2 

.9 

2.9 

2.0 

2.8 

3.4 

5.3 

2.9 

2.1 

4.9 

11.6 

18.9 

9.8 

4.7 

5.3 

8.7 

16.1 

12.0 

3.8 

6.8 

® 

71.2 

77.8 

74.3 

78.6 

85.3 

83.9 

85.3 

84.9 

87.3 

91.0 

93.6 

93.7 

95.4 

95.2 

94.6 

94.6 

94.8 

95.1 

96.6 

99.0 

100.0 

102.5 

106.1 

110.2 

115.3 

118.5 

126.7 

161.6 

172.2 

183.8 

196.9 

211.4 

240.6 

278.2 

307.2 

313.2 

Sept. 

spans4 

13.0 

-3.6 

-4.8 

18.0 

-1.1 

-3.3 

0 

-1.1 

-.9 

2.2 

3.3 

-1.5 

-1.1 

1.7 

1.3 

1.1 

-.6 

.2 

3.8 

2.5 

1.6 

2.9 

4.4 

2.0 

2.8 

5.9 

10.7 

19.6 

8.0 

5.8 

5.8 

9.2 

16.9 

11.1 

3.6 

5.1 

72.0 

78.1 

74.3 

80.4 

85.3 

84.1 

85.2 

84.9 

88.1 

91.4 

93.6 

93.8 

95.4 

95.0 

94.7 

94.8 

94.7 

95.1 

96.6 

99.0 

100.2 

102.8 

106.5 

110.4 

115.1 

118.7 

127.4 

162.9 

173.1 

184.8 

197.8 

212.5 

244.2 

278.8 

307.4 

312.7 

1-month spans <$£* 

1.3 

1.2 

.3 

1.9 

-.8 

.5 

0 

0 

.9 

.9 

.2 

.4 

0 

0 

0 

-.2 

0 

0 

.2 

0 

.3 

.1 

.4 

.1 

.6 

.3 

.5 

2.4 

.6 

.6 

.5 

.6 

1.3 

.7 

.3 

.1 

1.1 

.4 

0 

2.3 

0 

.2 

-.1 

0 

.9 

.4 

0 

.1 

0 

-.2 

.1 

.2 

-.1 

0 

0 

0 

.2 

.3 

.4 

.2 

-.2 

.2 

.6 

.8 

.5 

.5 

.5 

.5 

1.5 

.2 

.1 

-.2 

Oct. 

18.4 

-5.6 

-2.9 

17.4 

-.4 

-3.7 

.7 

-1.1 

.9 

3.1 

3.3 

-1.3 

-.2 

.6 

1.7 

.9 

.6 

.4 

4.2 

1.2 

1.6 

2.9 

5.1 

2.6 

3.2 

7.0 

17.9 

14.0 

5.3 

6.1 

6.2 

10.2 

17.6 

9.1 

3.8 

1.1 

72.7 

78.2 

74.3 

81.8 

85.1 

83.9 

85.1 

85.0 

88.4 

91.8 

93.5 

93.9 

95.4 

95.1 

94.5 

94.7 

94.9 

95.5 

96.7 

99.1 

100.5 

103.3 

107.1 

111.2 

115.1 

118.8 

128.5 

164.8 

174.7 

186.3 

199.1 

214.7 

249.0 

282.0 

309.0 

314.3 

1.0 

.1 

0 

1.7 

-.2 

-.2 

-.1 

.1 

.3 

.4 

-.1 

.1 

0 

.1 

-.2 

-.1 

.2 

.4 

.1 

.1 

.3 

.5 

.6 

.7 

0 

.1 

.9 

1.2 

.9 

.8 

.7 

1.0 

2.0 

1.1 

.5 

.5 

Nov. 

13.9 

-8.3 

-1.7 

16.8 

0 

-3.9 

-.2 

-.4 

.9 

4.3 

2.8 

-1.1 

.4 

1.7 

1.3 

-.8 

-.4 

.4 

5.5 

-1.8 

2.2 

2.5 

4.3 

3.9 

2.7 

8.7 

13.1 

9.4 

2.3 

8.3 

6.7 

12.7 

18.6 

8.6 

4.0 

.6 

73.6 

78.4 

74.3 

82.9 

85.0 

83.8 

85.0 

85.3 

88.7 

92.3 

93.5 

94.2 

95.5 

95.0 

94.7 

94.7 

94.9 

95.6 

97.1 

99.2 

100.8 

103.4 

107.4 

111.3 

115.0 

119.1 

130.1 

165.8 

175.4 

187.1 

199.3 

216.0 

250.6 

283.4 

309.3 

315.0 

1.2 

.3 

0 

1.3 

-.1 

-.1 

-.1 

.4 

.3 

.5 

0 

.3 

.1 

-.1 

.2 

0 

0 

.1 

.4 

.1 

.3 

.1 

.3 

.1 

-.1 

.3 

1.2 

.6 

.4 

.4 

.1 

.6 

.6 

.5 

.1 

.2 

Dec. 

10.9 

-7.9 

-1.2 

14.2 

.4 

-3.3 

-1.6 

0 

1.6 

2.7 

5.7 

-1.7 

0 

.6 

1.3 

-3.9 

0 

.8 

5.9 

-3.0 

2.2 

2.1 

3.9 

2.0 

2.8 

12.9 

15.9 

6.9 

1.0 

9.9 

7.1 

12.6 

16.3 

10.1 

2.1 

-.7 

74.6 

78.3 

74.4 

84.8 

85.1 

83.9 

85.1 

85.3 

89.0 

92.7 

93.7 

94.5 

95.6 

95.0 

94.9 

94.7 

95.2 

95.8 

97.1 

99.2 

101.1 

103.8 

107.8 

111.7 

115.5 

119.4 

132.2 

166.1 

176.1 

187.4 

200.0 

217.2 

253.1 

286.6 

310.0 

315.2 

1.4 

-.1 

.1 

2.3 

.1 

.1 

.1 

0 

.3 

.4 

.2 

.3 

.1 

0 

.2 

0 

.3 

.2 

0 

0 

.3 

.4 

.4 

.4 

.4 

.3 

1.6 

.2 

.4 

.2 

.4 

.6 

1.0 

1.1 

.2 

.1 

»Q 

8.4 

-7.1 

1.2 

11.0 

-2.0 

-2.0 

.7 

.2 

3.0 

2.4 

2.9 

-.5 

2.7 

-2.7 

.2 

-1.2 

-.2 

3.3 

3.2 

-.7 

3.1 

4.1 

1.4 

3.9 

2.5 

15.8 

17.2 

3.8 

.2 

8.7 

9.3 

12.4 

13.7 

10.0 

1.5 

68.8 

75.5 

77.3 

74.7 

86.9 

84.8 

84.1 

85.0 

85.8 

89.7 

93.1 

93.5 

94.9 

95.6 

95.2 

94.9 

94.6 

95.2 

95.9 

97.6 

99.6 

101.9 

104.9 

108.6 

112.6 

116.4 

121.4 

138.6 

168.3 

178.2 

190.0 

202.9 

222.6 

265.0 

295.6 

311.5 

1.6 

.4 

-.6 

.2 

.9 

-.2 

.2 

-.1 

.3 

.3 

.1 

-.1 

.2 

0 

.1 

0 

0 

0 

.1 

.2 

.2 

.4 

.5 

.3 

.4 

.4 

1 -9 

2.5 

•5 

.5 

7 

•7 

1.2 

2.0 

1.5 

1 

Quarterly 

IIQ 

3.6 

-5.5 

10.5 

-1.1 

-.9 

.5 

-.3 

-1.4 

3.0 

2.5 

-.1 

-.4 

2.2 

-2.1 

-.1 

.4 

.2 

3.7 

2.1 

2.3 

3.6 

5.1 

.9 

2.8 

4.7 

15.4 

14.2 

8.4 

2.1 

6.4 

9.9 

11.8 

12.6 

6.4 

3.3 

69.8 

75.9 

75.0 

75.4 

86.7 

83.9 

84.4 

85.0 

85.9 

90.3 

93.0 

93.1 

95.3 

95.3 

94.8 

94.8 

94.5 

95.0 

96.2 

98.4 

99.7 

102.4 

105.5 

109.6 

113.7 

117.6 

125.2 

150.2 

170.2 

180.7 

194.1 

207.4 

231.5 

272.2 

304.4 

310.0 

0.1 

.3 

-1.1 

.5 

-.2 

-.4 

.2 

0 

0 

.1 

0 

-.1 

0 

-.1 

-.2 

0 

0 

-.1 

.1 

.3 

0 

.1 

.1 

.4 

.3 

.3 

.9 

2.6 

.4 

.5 

.5 

.7 

1.2 

.6 

.6 

-•1 

MQ IV 0 

Average for period 

9.5 

-1.2 

-4.4 

15.6 

-1.6 

-2.2 

.5 

-1.8 

-.7 

2.8 

3.1 

-1.5 

-1.4 

2.1 

.1 

1.0 

.2 

.7 

3.1 

2.1 

2.3 

3.2 

5.0 

2.2 

2.3 

5.2 

11.1 

18.3 

9.4 

4.5 

5.4 

8.8 

15.6 

11.5 

3.7 

5.7 

14.4 

-7.3 

-1.9 

16.1 

0 

-3.6 

-.4 

-.5 

1.1 

3.4 

3.9 

-1.4 

.1 

1.0 

1.4 

-1.3 

.1 

.5 

5.2 

-1.2 

2.0 

2.5 

4.4 

2.8 

2.9 

9.5 

15.6 

10.1 

2.9 

8.1 

6.7 

11.8 

17.5 

9.3 

3.3 

.3 

Average for period 

71.2 

77.6 

74.2 

78.7 

85.5 

83.8 

85.3 

84.9 

87.3 

90.9 

93.5 

93.6 

95.4 

95.1 

94.6 

94.7 

94.8 

95.1 

96.5 

99.0 

100.0 

102.6 

106.1 

110.2 

115.0 

118.4 

126.7 

160.8 

172.2 

183.8 

196.9 

211.4 

240.8 

277.7 

306.9 

312.9 

Average for 

1.0 

.8 

0 

1.9 

-.4 

.2 

.2 

0 

.8 

.4 

.2 

.2 

.1 

-.1 

0 

0 

0 

.1 

.1 

.1 

.2 

.1 

.3 

.2 

.3 

.2 

.4 

2.0 

.5 

.6 

.5 

.6 

1.4 

.6 

.3 

.2 

73.6 

78.3 

74.3 

83.2 

85.1 

83.9 

85.1 

85.2 

88.7 

92.3 

93.6 

94.2 

95.5 

95.0 

94.7 

94.7 

95.0 

95.6 

97.0 

99.2 

100.8 

103.5 

107.4 

111.4 

115.2 

119.1 

130.3 

165.6 

175.4 

186.9 

199.5 

216.0 

250.9 

284.0 

309.4 

314.8 

period 

1.2 

.1 

0 

1.8 

-.1 

-.1 

0 

.2 

.3 

.4 

0 

.2 

.1 

0 

.1 

0 

.2 

.2 

.2 

.1 

.3 

.3 

.4 

.4 

.1 

.2 

1.2 

.7 

.6 

.5 

.4 

.7 

1.2 

.9 

.3 

.3 

Annual 

0.9 

-4.7 

10.8 

2.1 

-2.2 

-.4 

-.5 

-.2 

3.0 

3.0 

0 

-.6 

2.0 

-.8 

0 

-.1 

.3 

3.8 

1.5 

1.5 

3.1 

4.7 

1.8 

3.0 

5.5 

14.5 

15.0 

6.1 

3.7 

6.8 

10.0 

14.3 

11.8 

5.9 

2.7 

70.8 

76.9 

75.3 

78.0 

86.1 

84.1 

84.8 

85.0 

86.9 

90.8 

93.3 

93.6 

95.3 

95.3 

94.8 

94.8 

94.7 

95.2 

96.4 

98.5 

100.0 

102.5 

106.0 

110.0 

114.1 

117.9 

125.9 

153.8 

171.5 

182.4 

195.1 

209.4 

236.5 

274.8 

304.1 

312.3 

1.0 

.4 

-.4 

1.1 

0 

-.1 

.1 

0 

.4 

.3 

.1 

.1 

.1 

0 

0 

0 

0 

0 

.1 

.2 

.2 

.2 

.3 

.3 

.3 

.3 

.9 

1.9 

.5 

.5 

.6 

.7 

1.3 

1.0 

.6 

.1 

110 

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Year 

Monthly 

Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. 

Quarterly 

IQ IIQ HI 0 IV Q Annual 

335c. Change in producer price index, industrial commodities, 

[Annual rate, percent] 

over 6-month spans <$ 

Average for period 

1947 28.8 

1948 8.7 

1949 -6.0 

1950 1.6 

1951 13.1 

1952 -2.1 

1953 5 

1954 -.2 

1955 2.4 

1956 4.3 

1957 2.9 

1958 -.6 

1959 3.0 

1960 4 

1961 0 

1962 8 

1963 -.6 

1964 4 

1965 1.0 

1966 2.9 

1967 1.0 

1968 3.8 

1969 4.3 

1970 4.2 

1971 4.0 

1972 3.9 

1973 9.3 

1974 30.2 

1975 6.0 

1976 6.3 

1977 7.7 

1978 7.2 

1979 13.8 

1980 18.7 

1981 15.8 

1982 .6 

1947 

1948 

1949 

1950 

1951 

1952 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 44.2 

1965 45.6 

1966 47.5 

1967 49.6 

1968 52.4 

1969 55.7 

1970 59.4 

1971 63.8 

1972 68.2 

1973 72.1 

1974 76.7 

1975 83.7 

1976 89.9 

1977 96.8 

1978 104.4 

1979 112.9 

1980 121.8 

1981 133.8 

1982 144.9 

1947 

1948 

1949 

1950 

1951 

1952 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 0.1 

1966 8 

1967 5 

1968 8 

1969 3 

1970 5 

1971 1.0 

1972 1.0 

1973 5 

1974 4 

1975 3 

1976 6 

1977 8 

1978 1.2 

1979 8 

1980 4 

1981 1.0 

1982 1.1 

17.9 

6.1 

-8.7 

3.0 

9.4 

-2.6 

1.4 

0 

1.2 

3.9 

1.5 

-.9 

2.6 

-.6 

-.4 

.4 

-.4 

.4 

1.3 

2.9 

1.0 

3.0 

4.1 

4.1 

4.5 

4.6 

10.7 

33.8 

5.5 

5.9 

7.7 

8.3 

15.0 

17.7 

15.6 

.2 

11.2 

4.3 

-9.7 

4.1 

3.8 

-3.5 

1.9 

-.5 

1.4 

2.9 

.6 

-1.3 

15 

-.4 

0 

-.6 

1.3 

3.3 

1.0 

2.6 

3.5 

3.9 

4.2 

4.2 

11.4 

35.0 

5.6 

6.2 

7.9 

8.9 

16.1 

16.8 

13.3 

.4 

6.3 

2.9 

-9.5 

6.8 

-1.4 

-3.3 

3.1 

-.5 

2.1 

1.6 

.9 

-.9 

1.5 

-1.0 

-1.3 

-.4 

.2 

-.4 

1.0 

3.3 

.4 

1.8 

2.7 

3.4 

4.3 

3.8 

10.4 

36.0 

4.5 

6.1 

8.1 

8.6 

16.5 

12.3 

10.3 

.6 

7.7 

6.5 

-7.4 

10.4 

-4.1 

-2.3 

3.1 

0 

3.0 

3.1 

.9 

.6 

1.1 

-.8 

-1.3 

-.4 

.4 

-.2 

1.5 

2.9 

.6 

1.0 

2.3 

3.0 

5.0 

3.5 

9.1 

36.7 

4.6 

6.5 

7.4 

8.6 

16.9 

9.5 

7.9 

1.0 

7.3 

7.3 

-6.4 

15.5 

-4.1 

-1.2 

2.1 

0 

5.2 

3.4 

1.1 

.9 

.4 

-1.3 

-1.0 

0 

.2 

0 

1.3 

2.5 

1.0 

1.2 

2.1 

3.0 

3.8 

3.3 

7.6 

30.9 

5.0 

6.6 

6.5 

8.4 

17.4 

7.7 

5.3 

1.1 

8.5 

6.4 

-3.9 

19.3 

-4.3 

-.7 

2.4 

0 

5.7 

3.3 

.9 

1.5 

.2 

-1.0 

-1.3 

-.4 

1.1 

.8 

1.5 

2.0 

1.8 

1.8 

3.1 

3.5 

3.0 

2.6 

7.0 

26.4 

6.0 

7.0 

6.1 

8.5 

18.2 

8.0 

3.7 

2.9 

11.5 

7.0 

-1.6 

20.9 

-3.9 

-.2 

1.4 

.7 

6.9 

4.2 

1.1 

2.4 

.2 

-.4 

-.2 

-.4 

.8 

1.1 

1.9 

1.4 

2.2 

2.2 

3.6 

3.1 

2.1 

2.6 

7.8 

21.4 

6.1 

7.4 

5.3 

8.5 

17.1 

8.6 

3.0 

3.5 

14.2 

5.6 

0 

24.8 

-3.0 

' .7 

.9 

.9 

7.3 

5.4 

1.5 

3.0 

.8 

-.4 

.6 

0 

1.1 

1.9 

1.5 

1.0 

2.8 

2.8 

4.2 

3.3 

2.6 

2.6 

10.1 

16.9 

6.4 

6.6 

5.5 

8.3 

17.0 

9.8 

3.2 

3.0 

16.3 

2.6 

1.4 

26.2 

-2.5 

1.2 

-.5 

1.7 

7.1 

6.3 

.6 

3.0 

.6 

0 

.8 

-.2 

1.1 

1.7 

2.1 

1.0 

3.6 

3.7 

5.0 

3.9 

2.3 

3.2 

15.1 

12.7 

7.4 

6.3 

5.9 

9.6 

20.4 

11.4 

3.7 

.7 

12.1 

-1.5 

1.4 

22.8 

-.9 

.2 

-.9 

2.6 

5.3 

4.9 

-.4 

2.6 

.4 

0 

.4 

0 

.8 

1.7 

2.1 

1.4 

4.0 

4.7 

4.8 

4.2 

2.1 

4.8 

19.0 

8.6 

7.0 

6.9 

6.2 

10.8 

22.1 

13.0 

2.9 

.4 

9.7 

-3.3 

1.4 

17.4 

-1.6 

.5 

-.7 

2.4 

4.1 

3.8 

-.4 

3.0 

.4 

.4 

.2 

-.4 

.8 

1.9 

2.5 

1.4 

4.0 

5.1 

4.4 

4.8 

3.0 

7.0 

24.9 

7.5 

6.9 

7.6 

6.5 

12.5 

21.0 

15.5 

2.4 

.4 

19.3 

6.4 

-8.1 

2.9 

8.8 

-2.7 

1.3 

-.2 

1.7 

3.7 

1.7 

*-.9 

2.4 

-.3 

-.4 

.3 

-.3 

.1 

1.2 

3.0 

1.0 

3.1 

4.0 

4.1 

4.2 

4.2 

10.5 

33.0 

5.7 

6.1 

7.8 

8.1 

15.0 

17.7 

14.9 

.4 

7.1 

5.6 

-7.8 

10.9 

-3.2 

-2.3 

2.8 

-.2 

3.4 

2.7 

1.0 

.2 

1.0 

-1.0 

-1.2 

-.3 

.3 

-.2 

1.3 

2.9 

.7 

1.3 

2.4 

3.1 

4.4 

3.5 

9.0 

34.5 

4.7 

6.4 

7.3 

8.5 

16.9 

9.8 

7.8 

.9 

11.4 

6.3 

-1.8 

21.7 

-3.7 

-.1 

1.6 

.5 

6.6 

4.3 

1.2 

2.3 

.4 

-.6 

-.3 

-.3 

1.0 

1.3 

1.6 

1.5 

2.3 

2.3 

3.6 

3.3 

2.6 

2.6 

8.3 

21.6 

6.2 

7.0 

5.6 

8.4 

17.4 

8.8 

3.3 

3.1 

12.7 

-.7 

1.4 

22.1 

-1.7 

.6 

-.7 

2.2 

5.5 

5.0 

2.9 

.5 

.1 

.5 

-.2 

.9 

1.8 

2.2 

1.3 

3.9 

4.5 

4.7 

4.3 

2.5 

5.0 

19.7 

9.6 

7.1 

6.9 

6.2 

11.0 

21.2 

13.3 

3.0 

.5 

12.6 

4.4 

-4.1 

14.4 

0 

-1.1 

1.2 

.6 

4.3 

3.9 

.9 

1.1 

1.1 

-.5 

-.4 

.5 

.7 

1.6 

2.2 

2.0 

2.8 

3.7 

3.7 

3.4 

3.8 

11.9 

24.7 

5.9 

6.6 

6.7 

9.0 

17.6 

12.4 

7.3 

1.2 

340. Index of average hourly earnings of production or mnsupervisory workers on private nonafricurtural payrofc 

[1977=100] Average for period 

44.3 

45.8 

47.6 

49.9 

52.7 

56.1 

59.8 

64.2 

68.4 

72.4 

77.2 

84.4 

90.5 

97.3 

104.8 

113.6 

122.8 

135.0 

145.1 

45.8 

47.7 

50.0 

52.9 

56.4 

60.2 

64.4 

68.7 

72.7 

77.6 

85.1 

90.8 

97.7 

105.4 

114.1 

124.1 

135.8 

145.5 

44.5 

45.9 

48.0 

50.2 

53.2 

56.6 

60.4 

64.8 

69.2 

73.3 

78.2 

85.2 

91.4 

98.4 

106.4 

114.9 

124.8 

136.7 

146.4 

44.6 

46.2 

48.1 

50.4 

53.5 

57.0 

60.7 

65.3 

69.3 

73.4 

79.0 

85.8 

92.1 

99.1 

107.0 

115.3 

125.7 

137.5 

147.5 

44.7 

46.3 

48.3 

50.6 

53.8 

57.4 

61.1 

65.6 

69.4 

73.8 

80.0 

86.5 

92.3 

99.5 

107.6 

116.1 

126.9 

138.2 

148.0 

44.8 

46.4 

48.4 

50.9 

54.0 

57.6 

61.5 

65.9 

69.8 

74.3 

80.2 

93.0 

100.2 

108.5 

117.0 

127.7 

139.0 

148.8 

45.0 

46.5 

48.5 

51.0 

54.2 

57.9 

61.9 

66.2 

70.1 

74.4 

80.9 

87.5 

93.9 

100.6 

108.9 

117.6 

128.5 

140.4 

149.6 

45.1 

46.7 

48.8 

51.3 

54.6 

58.2 

62.3 

66.5 

70.5 

75.2 

81.8 

87.9 

94.4 

101.3 

109.8 

118.8 

129.4 

141.4 

150.0 

45.2 

46.9 

49.0 

51.5 

54.9 

58.6 

62.5 

66.6 

71.0 

75.4 

82.3 

88.4 

94.9 

102.2 

110.7 

119.1 

130.7 

141.9 

150.7 

45.3 

47.0 

49.2 

51.8 

55.2 

59.0 

62.8 

66.8 

71.2 

75.8 

82.7 

89.2 

95.5 

102.6 

111.2 

120.2 

132.0 

143.0 

151.1 

45.5 

47.1 

49.4 

52.0 

55.5 

59.2 

63.1 

67.6 

71.8 

76.4 

83.4 

89.4 

96.1 

103.2 

112.0 

121.3 

132.5 

143.3 

151.9 

44.3 

45.7 

47.6 

49.8 

52.7 

56.1 

59.8 

64.1 

68.4 

72.4 

77.2 

84.4 

90.4 

97.3 

104.9 

113.5 

122.9 

134.9 

145.2 

44.6 

46.1 

48.1 

50.4 

53.5 

57.0 

60.7 

65.2 

69.3 

73.5 

79.1 

85.8 

91.9 

99.0 

107.0 

115.4 

125.8 

137.5 

147.3 

45.0 

46.5 

48.6 

51.1 

54.3 

57.9 

61.9 

66.2 

70.1 

74.6 

81.0 

87.4 

93.8 

100.7 

109.1 

117.8 

128.5 

140.3 

149.5 

45.3 

47.0 

49.2 

51.8 

55.2 

58.9 

62.8 

67.0 

71.3 

75.9 

82.8 

89.0 

95.5 

102.7 

111.3 

120.2 

131.7 

142.7 

151.2 

21.6 

23.4 

24.5 

25.4 

27.3 

28.7 

30.3 

31.4 

32.4 

34.0 

35.7 

37.2 

38.5 

39.8 

41.1 

42.4 

43.6 

44.8 

46.4 

48.4 

50.8 

53.9 

57.5 

61.3 

65.7 

69.8 

74.1 

80.0 

86.7 

92.9 

100.0 

108.2 

116.8 

127.3 

138.9 

148.3 

340c. Change in index of average hourly 

[Percent] 

earnings over 1-month spans4 

Average for period 

0.2 

.4 

.2 

.4 

.5 

.7 

.6 

.7 

.3 

.4 

.7 

0.2 

.2 

.3 

.2 

.5 

.6 

.6 

.3 

.4 

.4 

.6 

.9 

.4 

.4 

.6 

.4 

1.0 

0.2 

.2 

.6 

.6 

.5 

.4 

.3 

.6 

.6 

0.3 

.5 

.3 

.3 

.5 

.7 

.6 

.8 

.2 

.2 

0.1 

.2 

.4 

.5 

.6 

.6 

.6 

.3 

.2 

.6 

1.2 

.3 

.4 

.6 

.7 

1.0 

.5 

.4 

0.3 

.2 

.2 

.5 

.4 

.4 

.6 

.5 

.6 

.6 

.3 

.4 

.7 

.7 

.8 

.8 

.6 

.5 

.5 

0.4 

.3 

.2 

.2 

.4 

.4 

.8 

.5 

.4 

.2 

.9 

.8 

1.0 

.4 

.4 

.5 

.7 

1.0 

.5 

0.3 

.4 

.7 

.5 

.7 

.6 

.6 

.4 

.5 

1.0 

1.1 

.4 

.6 

.7 

.9 

1.0 

.7 

.7 

.3 

0.2 

.5 

.4 

.5 

.5 

.7 

.3 

.2 

.8 

.3 

.6 

.6 

.5 

.9 

.8 

.3 

1.0 

.3 

.4 

0.3 

.1 

.3 

.5 

.6 

.7 

.6 

.3 

.3 

.6 

.5 

.9 

.6 

.4 

.4 

.8 

1.0 

.8 

.3 

0.4 

.3 

.4 

.4 

.5 

.2 

.5 

1.2 

.8 

.7 

.9 

.6 

.8 

1.0 

.4 

.3 

.6 

0.2 

.4 

.4 

.6 

.5 

.6 

.7 

.6 

.4 

.6 

.7 

.5 

.6 

.7 

.6 

.8 

0.2 

.3 

.4 

.5 

.5 

.6 

.5 

.6 

.3 

.5 

1.0 

.5 

.5 

.6 

.7 

.6 

.8 

.6 

.6 

0.3 

.3 

.4 

.4 

.5 

.5 

.7 

.5 

.5 

.6 

.8 

.5 

.8 

.6 

.7 

.8 

.7 

.7 

.4 

0.3 

.3 

.4 

.5 

.5 

.5 

.5 

.6 

.6 

.5 

.7 

.6 

.6 

.6 

.7 

.7 

.8 

.5 

.4 

0.3 

.4 

.4 

.5 

.5 

.6 

.6 

.5 

.5 

.8 

.6 

.6 

.6 

.7 

.7 

.8 

.7 

.5 

footnotes at end of this part. Ill 

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Year 

Monthly 

Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. 

Quarterly 

19 !UL IV Q Annual 

340c. Change in index of average hourly earnings over 6-month spans4 

[Annual rate, percent] Average for period 

1947 

1948 

1949 

1950 

1951 

1952 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

1947 

1948 

1949 

1950 

1951 

1952 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981. 

1982. 

1947 

1948 

1949 

1950 

1951 

1952 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

3.3 

4.6 

4.9 

6.5 

6.5 

6.0 

7.7 

7.8 

6.4 

7.6 

7.3 

7.0 

7.5 

8.5 

7.8 

9.7 

9.4 

6.5 

3.7 

5.0 

4.8 

6.6 

6.6 

5.8 

8.1 

7.7 

6.2 

8.6 

7.6 

6.6 

7.6 

8.7 

7.6 

9.5 

8.6 

6.4 

3.4 

5.3 

5.1 

6.9 

6.8 

6.7 

7.8 

5.6 

5.8 

9.7 

7.5 

6.5 

7.2 

8.8 

7.4 

9.5 

8.8 

6.6 

2.6 

3.5 

4.0 

5.2 

6.2 

7.0 

6.9 

6.7 

4.8 

6.1 

9.5 

7.5 

6.9 

7.0 

8.0 

7.4 

10.0 

7.9 

5.4 

3.0 

3.3 

4.0 

4.7 

6.1 

6.4 

7.2 

6.3 

5.0 

5.7 

10.0 

7.6 

7.6 

6.7 

8.1 

7.2 

9.5 

8.2 

6.3 

3.3 

3.7 

4.8 

5.3 

6.5 

6.6 

7.2 

6.4 

5.2 

6.9 

11.0 

6.6 

8.0 

7.4 

8.5 

8.4 

8.7 

8.5 

6.3 

3.3 

4.3 

4.5 

5.2 

6.5 

7.2 

7.1 

5.6 

5.5 

6.0 

10.7 

7.6 

7.8 

7.8 

8.1 

7.5 

9.7 

7.7 

5.9 

3.3 

3.4 

4.5 

5.6 

6.7 

7.2 

7.1 

4.5 

5.7 

6.8 

9.5 

8.0 

7.7 

7.3 

8.0 

8.6 

10.2 

8.1 

4.9 

3.9 

3.4 

4.6 

5.4 

6.7 

6.3 

6.8 

6.3 

6.9 

6.9 

8.8 

8.5 

7.6 

8.3 

9.2 

9.0 

7.5 

5.4 

3.4 

4.8 

5.2 

5.9 

6.4 

6.4 

7.7 

7.3 

6.7 

6.5 

8.9 

7.3 

8.5 

8.6 

8.3 

8.3 

9.8 

8.7 

5.4 

3.5 

4.6 

5.6 

6.6 

6.9 

6.9 

7.5 

6.8 

6.6 

7.5 

8.7 

6.9 

7.5 

8.5 

8.8 

9.1 

10.3 

6.8 

5.1 

3.3 

4.5 

4.6 

6.7 

6.5 

6.8 

7.0 

6.9 

6.4 

6.7 

8.3 

6.9 

7.2 

8.4 

7.9 

9.1 

10.1 

6.0 

4.6 

3.5 

5.0 

4.9 

6.7 

6.6 

6.2 

7.9 

7.0 

6.1 

8.6 

7.5 

6.7 

7.4 

8.7 

7.6 

9.6 

8.9 

6.5 

3.0 

3.5 

4.3 

5.1 

6.3 

6.7 

7.1 

6.5 

5.0 

6.2 

10.2 

7.2 

7.5 

7.0 

8.2 

7.7 

9.4 

8.2 

6.0 

3.5 

3.7 

4.5 

5.4 

6.6 

6.9 

7.0 

5.5 

6.0 

6.6 

9.7 

7.5 

8.0 

7.6 

8.1 

8.4 

9.6 

7.8 

5.4 

3.4 

4.6 

5.1 

6.4 

6.6 

6.7 

7.4 

7.0 

6.6 

6.9 

8.6 

7.0 

7.7 

8.5 

8.3 

8.8 

10.1 

7.2 

5.0 

3.8 

4.7 

5.4 

6.5 

6.7 

6.9 

6.7 

6.2 

6.5 

9.3 

7.3 

7.5 

7.6 

8.3 

8.1 

9.7 

8.0 

5.7 

341.1 x of real average hourly earnings of production or mnsupervisory workers on private MnagricuMural payroll 

[1977=100] 

341c. Change in index of real average hourly earnings over 1-month spans4 

[Percent] Average for period 

-0.1 

.6 

.3 

.4 

0 

0 

.7 

.7 

-.1 

-.6 

-.4 

.3 

.1 

.6 

-.1 

-.9 

.2 

.9 

0.2 

.4 

-.3 

.3 

.1 

.3 

0 

.6 

0 

-.2 

-.6 

.2 

.4 

-.4 

-.2 

-.4 

-.4 

.1 

.1 

0.3 

.4 

0 

.2 

-.1 

-.1 

.3 

.2 

.3 

.3 

-.5 

-.6 

.2 

.2 

0 

-.3 

.5 

-.7 

-.1 

0.4 

.3 

-.3 

-.2 

.1 

-.1 

.5 

.2 

.1 

-1.5 

-.3 

.5 

.4 

0 

-.2 

-.5 

-.2 

.2 

.2 

0.3 

.2 

.5 

-.1 

.2 

0 

.1 

.2 

.2 

.5 

-.3 

-.2 

0 

.2 

0 

-.1 

-.3 

-.3 

.2 

-0.2 

.3 

-.1 

.5 

.1 

.4 

-.3 

.1 

.3 

-.5 

-.2 

-.1 

0 

.5 

-.2 

-.7 

-.1 

-.1 

-.1 

0.1 

-.1 

.3 

-.1 

.1 

.2 

.3 

0 

-.1 

-.2 

-.4 

0.2 

-.1 

.4 

.1 

.2 

-.4 

0 

.7 

.5 

-.1 

.1 

0.2 

.1 

.3 

.3 

0 

0 

.5 

.3 

-.2 

-.5 

.1 

.2 

-.2 

-.3 

-.2 

-.1 

.4 

.4 

-.3 

.2 

.1 

.2 

-.2 

-.5 

-.1 

.8 

.1 

.3 

-.1 

.2 

-.3 

-.5 

.1 

.5 

1 

.2 

.1 

-.1 

-.5 

-.2 

-.1 

-.2 

0.3 

.3 

.1 

0 

.1 

-.1 

.3 

.2 

.2 

-.2 

-.4 

-.1 

.2 

.1 

-.1 

-.3 

0 

-.3 

.1 

0.1 

.1 

.2 

.2 

0 

.1 

.3 

.2 

-.2 

-.2 

0 

.2 

0 

0 

-.4 

-.2 

-.1 

.2 

112 

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Year 

Monthly 

Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. 

Quarterly 

1 2 !UL IV Q 

Annual 

341c. Change in index of real average hourly earnings over 6-month spans4 

[Annual rate, percent] Average for period 

1947... 

1948... 

1949... 

1950... 

1951... 

1952... 

1953... 

1954... 

1955... 

1956... 

1957... 

1958... 

1959... 

1960... 

1961... 

1962... 

1963... 

1964... 

1965... 

1966... 

1967... 

1968... 

1969... 

1970... 

1971... 

1972.. 

1973... 

1974... 

1975.. 

1976.. 

1977.. 

1978... 

1979.. 

1980... 

1981... 

1982... 

1.7 

.7 

3.8 

2.1 

.9 

-.6 

4.1 

4.3 

-.6 

-3.5 

-.7 

2.2 

0 

.8 

-3.0 

-4.8 

-.4 

3.9 

1.8 

1.2 

3.2 

2.5 

1.3 

-.4 

4.2 

4.6 

-1.3 

-3.0 

1.1 

2.5 

.1 

.7 

-3.9 

-4.8 

-.7 

2.5 

1.0 

1.8 

2.8 

2.8 

1.2 

.8 

4.0 

2.8 

-1.6 

-1.9 

1.2 

2.7 

-.4 

.1 

-5.0 

-4.5 

.1 

1.3 

2.2 

2.0 

.5 

2.6 

1.8 

1.1 

1.3 

2.9 

2.1 

-.8 

-1.5 

.7 

2.6 

-.3 

-1.0 

-5.4 

-1.7 

-1.7 

-.7 

2.6 

1.7 

.6 

1.7 

1.7 

.2 

2.3 

2.3 

2.3 

-3.5 

-1.0 

1.2 

2.7 

.5 

-.9 

-5.5 

-1.3 

-1.5 

-.3 

2.5 

1.3 

1.3 

1.1 

1.4 

.8 

2.3 

2.3 

2.2 

-1.6 

-.9 

-.2 

2.4 

1.2 

-1.0 

-4.7 

-1.1 

-2.0 

-.9 

2.1 

2.3 

.7 

1.5 

1.4 

1.3 

1.9 

1.9 

1.9 

-2.6 

-1.6 

.3 

1.6 

2.2 

-1.6 

-5.6 

-.4 

-2.4 

-1.5 

2.1 

1.8 

1.1 

1.2 

1.3 

1.1 

2.0 

1.1 

1.5 

-2.1 

-2.5 

-.4 

1.5 

1.3 

-1.7 

-4.5 

-.2 

-1.1 

-.2 

2.3 

1.9 

1.5 

.9 

1.3 

-.1 

1.6 

2.9 

2.7 

-2.9 

-3.2 

-1.2 

2.2 

1.6 

-.9 

-3.9 

-1.2 

-1.0 

2.8 

2.4 

2.1 

1.5 

1.4 

0 

2.5 

3.9 

1.9 

-4.7 

-3.1 

.6 

2.1 

2.4 

-1.3 

-5.2 

-1.8 

2.1 

4.2 

1.5 

1.1 

3.3 

2.1 

1.9 

.2 

2.7 

3.4 

1.3 

-3.0 

-2.1 

.5 

.3 

2.0 

-1.8 

-5.0 

-1.3 

1.8 

5.1 

1.7 

1.0 

2.7 

2.9 

.9 

.4 

2.9 

3.5 

-.1 

-4.6 

-.5 

1.2 

.1 

1.6 

-2.9 

-5.4 

-.8 

3.3 

4.1 

1.5 

1.2 

3.3 

2.5 

1.1 

-.1 

4.1 

3.9 

-1.2 

-2.8 

.5 

2.5 

-.1 

.5 

-4.0 

-4.7 

-.3 

2.6 

2.4 

1.7 

.8 

1.8 

1.6 

.7 

2.0 

2.5 

2.2 

-2.0 

-1.1 

.6 

2.6 

.5 

-1.0 

-5.2 

-1.4 

-1.7 

-.6 

2.2 

2.0 

1.1 

1.2 

1.3 

.8 

1.8 

2.0 

2.0 

-2.5 

-2.4 

-.4 

1.8 

1.7 

-1.4 

-4.7 

-.6 

-1.5 

.4 

1.5 

1.5 

2.7 

2.2 

1.4 

.2 

2.7 

3.6 

1.0 

-4.1 

-1.9 

2.0 

-2.0 

-5.2 

-1.3 

2.4 

4.5 

1.7 

1.5 

2.1 

1.7 

.7 

1.6 

3.0 

2.3 

-2.4 

-2.1 

.4 

1.9 

1.0 

-1.0 

-4.8 

-2.0 

-.3 

1.7 

441. Civlan labor force 

[Thousands] Average for period 

1947 

1948 

1949 

1950 

1951 

1952 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 93,128 

1976 94,934 

1977 97,208 

1978 100,873 

1979 104,056 

1980 106,546 

1981 108,012 

1982 109,034 

60,095 

60,771 

61,661 

61,941 

62,432 

63,439 

63,101 

63,910 

66,419 

66,428 

67,095 

67,936 

68,962 

70,447 

70,189 

71,146 

72,356 

73,569 

75,186 

76,639 

77,578 

79,523 

81,981 

83,850 

85,978 

87,487 

91,199 

60,524 

61,057 

61,687 

61,778 

62,419 

63,520 

63,994 

63,696 

66,124 

66,879 

67,201 

67,649 

68,949 

70,420 

70,409 

71,262 

72,683 

73,857 

74,954 

76,521 

78,230 

80,019 

82,151 

83,603 

86,036 

88,364 

91,485 

92,776 

94,998 

97,785 

100,837 

104,472 

106,637 

108,175 

109,364 

60,070 

61,073 

61,604 

62,526 

61,721 

63,657 

63,793 

63,882 

66,175 

66,913 

67,223 

68,068 

68,399 

70,703 

70,414 

71,423 

72,713 

73,949 

75,075 

76,328 

78,256 

80,079 

82,498 

83,575 

86,611 

88,846 

91,453 

93,165 

95,215 

98,115 

101,092 

104,557 

106,394 

108,471 

109,478 

60,677 

61,007 

62,158 

61,808 

61,720 

63,167 

63,934 

64,564 

66,264 

66,647 

67,647 

68,339 

69,579 

70,267 

70,278 

71,697 

73,274 

74,228 

75,338 

76,777 

78,270 

80,281 

82,727 

83,946 

86,614 

89,018 

91,287 

93,399 

95,746 

98,330 

101,574 

104,156 

106,552 

108,866 

109,740 

59,972 

61,259 

62,083 

62,044 

62,058 

62,615 

63,675 

64,381 

66,722 

66,695 

67,895 

68,178 

69,626 

70,452 

70,551 

71,832 

73,395 

74,466 

75,447 

76,773 

78,847 

80,125 

82,483 

84,135 

86,809 

88,977 

91,596 

93,884 

95,847 

98,665 

101,896 

104,174 

106,892 

109,101 

110.378 

60,957 

60,948 

62,419 

61,615 

62,103 

63,063 

63,343 

64,482 

66,702 

67,052 

67,674 

68,278 

69,934 

70,878 

70,514 

71,626 

73,032 

74,412 

75,647 

77,270 

79,120 

80,696 

82,484 

83,706 

87,006 

89,548 

91,868 

93,575 

95,885 

99,093 

102,371 

104,635 

106,832 

108,440 

110,147 

61,181 

61,301 

62,121 

62,106 

61,962 

63,057 

63,302 

65,145 

66,752 

67,336 

67,824 

68,539 

69,745 

70,536 

70,302 

71,956 

73,007 

74,761 

75,736 

77,464 

78,970 

80,827 

82,901 

84,340 

87,143 

89,604 

92,212 

94,021 

96,583 

98,913 

102,399 

104,999 

107,169 

108,602 

110,416 

61,590 

62,596 

61,927 

61,877 

62,816 

63,707 

65,581 

66,673 

66,706 

68,037 

68,432 

69,841 

70,534 

70,981 

71,786 

73,118 

74,616 

76,046 

77,712 

78,811 

81,106 

82,880 

84,673 

87,517 

89,509 

92,059 

94,162 

96,741 

99,366 

102,511 

105,110 

107,116 

108,762 

110,614 

60,815 

61,633 

62,349 

61,780 

62,457 

62,727 

64,209 

65,628 

66,714 

67,064 

68,002 

68,545 

70,151 

70,217 

71,153 

72,131 

73,290 

74,502 

76,056 

77,812 

78,858 

81,290 

82,954 

84,731 

87,392 

89,838 

92,488 

94,202 

96,553 

99,453 

102,795 

105,549 

107,148 

108,375 

110,858 

60,646 

62,185 

62,428 

62,204 

61,971 

62,867 

63,936 

65,821 

66,546 

67,066 

68,045 

68,821 

69,884 

70,492 

70,917 

72,281 

73,308 

74,838 

76,199 

78,194 

78,913 

81,494 

83,276 

84,872 

87,491 

90,131 

92,518 

94,267 

96,704 

99,815 

103,080 

105,718 

107,438 

109,028 

110,752 

60,702 

62.005 

62,286 

62,014 

62,491 

62,949 

63,759 

66,037 

66,657 

67,123 

67,658 

68,533 

70,439 

70,376 

70,871 

72,418 

73,286 

74,797 

76,610 

78,191 

79,209 

81,397 

83,548 

85,458 

87,592 

90,716 

92,766 

94,250 

97,254 

100,576 

103,562 

105,838 

107,596 

109,254 

111,042 

61,169 

61,908 

62,068 

62,457 

62,621 

62,795 

63,312 

66,445 

66,700 

67,398 

67,740 

68,994 

70,395 

70,077 

70,854 

72,188 

73,465 

75,093 

76,641 

78,491 

79,463 

81,624 

83,670 

85,625 

87,943 

90,890 

92,780 

94,409 

97,348 

100,491 

103,809 

106,313 

107,446 

109,066 

111,129 

60,230 

60,967 

61,651 

62,082 

62,191 

63,539 

63,629 

63,829 

66,239 

66,740 

67,173 

67,884 

68,770 

70,523 

70,337 

71,277 

72,584 

73,792 

75,072 

76,496 

78,021 

79,874 

82,210 

83,676 

86,208 

88,232 

91,379 

93,023 

95,049 

97,703 

100,934 

104,362 

106,526 

108,219 

109,292 

60,535 

61,071 

62,220 

61,822 

61,960 

62,948 

63,651 

64,476 

66,563 

66,798 

67,739 

68,265 

69,713 

70,532 

70,448 

71,718 

73,234 

74,369 

75,477 

76,940 

78,746 

80,367 

82,565 

83,929 

86,810 

89,181 

91,584 

93,619 

95,826 

98,696. 

101,947 

104,322 

106,759 

108,802 

110,088 

60,934 

61,508 

62,355 

61,938 

62,099 

62,867 

63,739 

65,451 

66,713 

67,035 

67,954 

68,505 

69,912 

70,429 

70,812 

71,958 

73,138 

74,626 

75,946 

77,663 

78,880 

81,074 

82,912 

84,581 

87,351 

89,650 

92,253 

94,128 

96,626 

99,244 

102,568 

105,219 

107,144 

108,580 

110,629 

60,839 

62,033 

62,261 

62,225 

62,361 

62,870 

63,669 

66,101 

66,634 

67,196 

67,814 

68,783 

70,239 

70,315 

70,881 

72,296 

73,353 

74,909 

76,483 

78,292 

79,195 

81,505 

83,498 

85,318 

87,675 

90,579 

92,688 

94,309 

97,102 

100,294 

103,484 

105,956 

107,493 

109,116 

110,974 

59,350 

60,621 

61,286 

62,208 

62,017 

62,138 

63,015 

63,643 

65,023 

66,552 

66,929 

67,639 

68,369 

69,628 

70,459 

70,614 

71,833 

73,091 

74,455 

75,770 

77,347 

78,737 

80,734 

82,771 

84,382 

87,034 

89,429 

91,949 

93,775 

96,158 

99,009 

102,251 

104,962 

106,940 

108,670 

110,204 

442. Civian employment 

[Thousands] Average for period 

1947... 

1948... 

1949... 

1950... 

1951... 

1952... 

1953... 

1954... 

1955... 

1956... 

1957... 

1958... 

1959... 

1960... 

1961... 

1952... 

1963... 

1964... 

1965... 

1966... 

1967... 

1968... 

1969... 

1970... 

1971... 

1972... 

1973... 

1974... 

1975... 

1976... 

1977... 

1978... 

1979... 

1980... 

1981... 

1982... 

58,061 

58,175 

57,635 

59,636 

60,460 

61,600 

60,024 

60,753 

63,753 

63,632 

63,220 

63,868 

65,347 

65,776 

66,108 

67,072 

68,327 

69,997 

72,198 

73,671 

74,700 

76,805 

78,780 

78,864 

80,959 

83,161 

86,555 

85,627 

87,400 

89,928 

94,384 

97,944 

99,872 

99,964 

99,688 

58,196 

58,208 

57,751 

59,661 

60,462 

61,884 

60,663 

60,727 

63,518 

64,257 

62,898 

63,684 

55,620 

65,588 

66,538 

67,024 

68,751 

70,127 

72,134 

73,606 

75,229 

77,327 

78,698 

78,700 

81,108 

83,912 

86,754 

85,256 

87,672 

90,342 

94,519 

98,299 

99,963 

100,143 

99,695 

57,671 

58,043 

57,728 

60,401 

59,908 

62,010 

60,186 

60,964 

63,411 

64,404 

62,731 

64,267 

64,673 

65,850 

66,493 

67,351 

68,763 

70,439 

72,188 

73,439 

75,379 

77,367 

78,863 

78,588 

81,573 

84,452 

86,819 

85,187 

87,985 

90,808 

94,755 

98,453 

99,677 

100,504 

99,597 

58,291 

57,747 

58,583 

59,889 

59,909 

61,444 

60,185 

61,515 

63,614 

64,047 

62,631 

64,768 

65,959 

65,374 

66,372 

67,642 

69,356 

70,633 

72,510 

73,882 

75,561 

77,523 

78,930 

78,987 

81,655 

84,559 

86,669 

85,189 

88,416 

91,271 

95,394 

98,094 

99,204 

101,006 

99,484 

57,854 

57,552 

58,649 

60,188 

60,195 

61,019 

59,908 

61,634 

63,861 

63,985 

62,874 

64,699 

66,057 

65,449 

66,688 

67,615 

69,631 

71,034 

72,497 

73,844 

76,107 

77,412 

78,564 

79,139 

81,887 

84,648 

86,891 

85,451 

88,794 

91,754 

95,769 

98,313 

98,922 

100,968 

99,994 

58,743 

57,172 

59,052 

59,620 

60,219 

61,456 

59,792 

61,781 

63,820 

64,196 

62,730 

64,849 

66,168 

65,993 

66,670 

67,649 

69,218 

71,025 

72,775 

74,278 

76,182 

77,880 

78,413 

78,757 

82,083 

85,185 

86,941 

85,355 

88,563 

91,959 

96,343 

98,685 

98,769 

100,393 

99,681 

58,968 

57,190 

59,001 

60,156 

59,971 

61,397 

59,643 

62,513 

63,800 

64,540 

62,745 

65,011 

65,909 

65,608 

66,483 

67,905 

69,399 

71,460 

72,860 

74,520 

76,087 

77,959 

78,726 

79,305 

82,230 

85,299 

87,149 

85,894 

89,093 

92,084 

96,090 

99,013 

98,816 

100,748 

99,588 

58,456 

57,397 

59,797 

59,994 

59,790 

61,151 

59,853 

62,797 

63,972 

63,959 

63,012 

64,844 

65,895 

65,852 

66,968 

67,908 

69,463 

71,362 

73,146 

74,767 

76,043 

78,250 

78,624 

79,539 

82,578 

85,204 

87,037 

86,234 

89,223 

92,441 

96,431 

98,797 

98,829 

100,709 

99,683 

58,513 

57,584 

59,575 

59,713 

60,521 

60,906 

60,282 

62,950 

64,079 

64,121 

63,181 

64,770 

66,267 

65,541 

67,192 

68,174 

69,578 

71,286 

73,258 

74,854 

76,172 

78,250 

78,498 

79,689 

82,543 

85,488 

87,051 

86,279 

89,173 

92,702 

96,670 

99,366 

99,104 

100,104 

99,543 

58,387 

57,269 

59,803 

60,010 

60,132 

80,893 

60,270 

62,991 

63,975 

64,046 

63,475 

64,911 

65,632 

65,919 

67,114 

68,294 

69,582 

71,695 

73,401 

75,051 

76,224 

78,445 

78,685 

79,918 

82,616 

85,987 

86,995 

86,370 

89,274 

93,052 

97,133 

99,420 

99,327 

100,355 

99,176 

58,417 

58,009 

59,697 

59,836 

60,748 

60,738 

60,357 

63,257 

63,796 

63,669 

63,470 

64,530 

66,109 

66,081 

66,847 

68,267 

69,735 

71,724 

73,840 

75,125 

76,494 

78,541 

78,650 

80,297 

82,990 

86,320 

86,626 

86,456 

89,634 

93,761 

97,485 

99,590 

99,567 

100,229 

99,136 

58,740 

57,845 

59,429 

60,497 

60,954 

59,977 

60,116 

63,684 

63,910 

63,922 

63,549 

65,341 

65,778 

65,900 

66,947 

68,213 

69,814 

72,062 

73,729 

75,473 

76,778 

78,740 

78,594 

80,471 

83,400 

86,401 

86,144 

86,665 

89,803 

94,105 

97,581 

99,952 

99,650 

99,677 

99,093 

57,976 

58,142 

57,705 

59,899 

60,277 

61,831 

60,291 

60,815 

63,561 

64,098 

62,950 

63,940 

65,213 

65,738 

66,380 

67,149 

68,614 

70,188 

72,173 

73,572 

75,103 

77,166 

78,780 

78,717 

81,213 

83,842 

86,709 

85,357 

87,686 

90,359 

94,553 

98,232 

99,837 

100,204 

99,660 

58,296 

57,490 

58,761 

59,899 

60,108 

61,306 

59,962 

61,643 

63,765 

64,076 

62,745 

64,772 

66,061 

65,605 

66,577 

67,635 

69,402 

70,897 

72,594 

74,001 

75,950 

77,605 

78,636 

78,961 

81,875 

84,797 

86,834 

85,332 

88,591 

91,661 

95,835 

98,364 

98,965 

100,789 

99,720 

58,646 

57,390 

59,458 

59,954 

60,094 

61,151 

59,926 

62,753 

63,950 

64,207 

62,979 

64,875 

66,024 

65,667 

66,881 

67,996 

69,480 

71,369 

73,088 

74,714 

76,101 

78,153 

78,816 

79,511 

82,450 

85,330 

87,079 

86,136 

89,163 

92,409 

96,397 

99,059 

98,916 

100,520 

99,605 

58,515 

57,708 

59,643 

60,114 

60,611 

60,536 

60,248 

63,311 

63,894 

63,879 

63,498 

64,927 

65,840 

65,967 

66,969 

68,258 

69,710 

71,827 

73,657 

75,216 

76,499 

78,575 

78,643 

80,229 

83,002 

86,236 

86,588 

86,497 

89,570 

93,639 

97,400 

99,654 

99,515 

100,087 

99,135 

57,038 

58,343 

57,651 

58,918 

59,961 

60,250 

61,179 

60,109 

62,170 

63,799 

64,071 

83,036 

64,630 

65,778 

65,746 

66,702 

67,762 

69,305 

71,088 

72,895 

74,372 

75,920 

77,902 

78,678 

79,367 

82,153 

85,064 

86,794 

85,846 

88,752 

92,017 

96,048 

98,824 

99,303 

100,397 

99,526 

See footnotes at end of this part. 113 

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Year 

1947 

1948 

1949 

1950 

1951 

1952 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

1947 

1948 

1949 

1950 

1951 

1952 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

1947 

1948 

1949 

1950 

1951 

1952 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

Jan. 

1,233 

1,570 

2,349 

1,236 

998 

1,078 

1,662 

1,812 

1,442 

1,457 

2,216 

2,284 

1,926 

2,544 

2,042 

2,087 

1,887 

1,600 

1,203 

1,057 

1,065 

927 

1,188 

2,100 

2,071 

1,688 

1,755 

3,127 

3,161 

3,046 

2,535 

2,281 

2,729 

3,479 

4,362 

418 

589 

1,030 

721 

592 

475 

918 

891 

765 

851 

1,058 

1,163 

1,003 

1,283 

1,257 

1,201 

1,272 

1,069 

945 

1,131 

1,061 

993 

1,046 

1,637 

1,624 

1,552 

1,598 

2,629 

2,619 

2,527 

2,375 

2,261 

2,373 

2,809 

3,109 

383 

437 

647 

348 

382 

286 

497 

454 

459 

488 

601 

621 

686 

844 

782 

786 

870 

903 

840 

780 

752 

798 

967 

1,249 

1,324 

1,086 

1,291 

1,745 

1,754 

1,707 

1,579 

1,570 

1,572 

1,760 

1,875 

Feb. 

1,281 

1,734 

2,295 

1,096 

994 

901 

1,816 

1,719 

1,425 

1,391 

2,460 

2,258 

1,772 

2,579 

1,948 

2,137 

1,805 

1,615 

1,161 

1,040 

1,105 

903 

1,334 

2,069 

1,993 

1,693 

1,809 

3,214 

3,041 

3,136 

2,483 

2,294 

2,719 

3,500 

4,451 

593 

646 

999 

692 

623 

445 

955 

822 

697 

783 

1,225 

1,140 

937 

1,408 

1,144 

1,216 

1,281 

1,196 

879 

1,029 

1,052 

992 

1,160 

1,629 

1,506 

1,492 

1,600 

2,595 

2,575 

2,616 

2,210 

2,312 

2,384 

2,766 

3,286 

454 

469 

642 

329 

340 

290 

560 

428 

484 

448 

618 

567 

620 

845 

779 

885 

846 

919 

780 

846 

844 

797 

959 

1,205 

1,429 

1,267 

1,322 

1,711 

1,710 

1,691 

1,625 

1,567 

1,571 

1,766 

1,932 

Mar. 

1,334 

1,874 

2,327 

1,007 

947 

842 

1,989 

1,712 

1,459 

1,280 

2,635 

2,062 

1,977 

2,581 

2,008 

2,053 

1,780 

1,525 

1,174 

1,078 

1,043 

900 

1,382 

2,055 

2,034 

1,695 

1,735 

3,476 

3,012 

2,939 

2,468 

2,272 

2,842 

3,439 

4,607 

584 

621 

962 

769 

537 

520 

1,071 

782 

824 

745 

1,239 

1,137 

1,017 

1,421 

1,161 

1,167 

1,295 

1,107 

884 

1,065 

1,006 

981 

1,284 

1,687 

1,625 

1,498 

1,581 

2,742 

2,518 

2,642 

2,238 

2,289 

2,338 

2,765 

3,402 

481 

535 

587 

349 

329 

285 

547 

424 

481 

484 

618 

602 

732 

851 

752 

852 

875 

878 

829 

746 

828 

831 

969 

1,245 

1,379 

1,201 

1,318 

1,760 

1,700 

1,726 

1,631 

1,543 

1,537 

1,763 

1,872 

Apr. May 

Monthly 

June July .Aug. 

444. Number unemployed, males 20 years and over 

1,367 

1,936 

2,235 

910 

938 

975 

2,133 

1,833 

1,376 

1,415 

2,899 

1,827 

1,923 

2,656 

2,043 

2,006 

1,748 

1,570 

1,103 

1,079 

976 

904 

1,494 

2,049 

2,019 

1,670 

1,796 

3,632 

3,002 

2,824 

2,335 

2,251 

3,291 

3,353 

4,770 

1,296 

2,265 

2,019 

898 

904 

933 

2,175 

1,529 

1,477 

1,420 

2,964 

1,810 

1,893 

2,787 

2,021 

2,000 

1,667 

1,517 

1,085 

1,077 

947 

904 

1,553 

2,093 

2,006 

1,671 

1,736 

3,772 

2,968 

2,847 

2,298 

2,135 

3,584 

3,540 

4,818 

[Thousands] 

1,199 

2,333 

1,917 

994 

1,001 

884 

2,113 

1,482 

1,491 

1,512 

2,985 

1,811 

1,968 

2,569 

2,039 

1,913 

1,743 

1,404 

1,105 

1,077 

1,013 

923 

1,624 

2,061 

1,981 

1,628 

1,800 

3,627 

3,167 

2,769 

2,200 

2,184 

3,640 

3,492 

5,016 

1,191 

2,522 

1,817 

961 

1,078 

917 

2,121 

1,420 

1,455 

1,447 

3,027 

1,850 

2,045 

2,622 

1,994 

1,900 

1,663 

1,394 

1,121 

1,034 

962 

985 

1,735 

2,079 

1,960 

1,566 

1,833 

3,611 

3,136 

2,698 

2,232 

2,295 

3,808 

3,343 

5,150 

445. Number unemployed, females 20 years and 

584 

751 

842 

693 

567 

455 

1,058 

792 

823 

713 

1,385 

1,064 

i,003 

1,447 

1,126 

1,196 

1,274 

1,093 

889 

1,040 

963 

1,029 

1,243 

1,700 

1,619 

1,480 

1,579 

2,831 

2,545 

2,562 

2,263 

2,236 

2,557 

2,760 

3,528 

520 

857 

861 

683 

592 

411 

1,054 

783 

863 

806 

1,349 

1,040 

996 

1,456 

1,133 

1,242 

1,212 

1,055 

1,001 

1,035 

968 

979 

1,344 

1,662 

1,698 

1,403 

1,618 

2,838 

2,384 

2,408 

2,283 

2,191 

2,625 

2,846 

3,568 

[Thousands] 

590 

877 

945 

663 

534 

440 

1,038 

796 

851 

838 

1,321 

1,004 

1,060 

1,482 

1,119 

1,193 

1,171 

1,119 

905 

1,067 

992 

1,038 

1,290 

1,623 

1,666 

1,541 

1,670 

2,753 

2,498 

2,577 

2,322 

2,249 

2,655 

2,830 

3,565 

446. Number unemployed, both sexes 

435 

573 

498 

316 

306 

293 

558 

424 

451 

472 

732 

680 

694 

790 

737 

853 

896 

932 

836 

776 

770 

825 

1,060 

1,210 

1,321 

1,309 

1,243 

1,747 

1,783 

1,673 

1,582 

1,575 

1,500 

1,747 

1,958 

302 

585 

554 

275 

367 

252 

538 

435 

521 

484 

708 

629 

680 

760 

709 

975 

885 

860 

864 

817 

825 

830 

1,022 

1,241 

1,218 

1,255 

1,351 

1,823 

1,701 

1,656 

1,546 

1,535 

1,761 

1,747 

1,998 

[Thousands] 

425 

566 

505 

338 

349 

283 

400 

423 

540 

506 

638 

614 

738 

834 

686 

871 

900 

864 

862 

848 

933 

855 

1,157 

1,265 

1,276 

1,194 

1,457 

1,840 

1,657 

1,788 

1,506 

1,517 

1,768 

1,725 

1,885 

590 

996 

839 

631 

558 

453 

1,035 

789 

1,009 

838 

1,304 

1,029 

1,120 

1,448 

1,144 

1,220 

1,161 

1,038 

890 

1,051 

989 

979 

1,380 

1,610 

1,702 

1,532 

1,733 

2,679 

2,673 

2,492 

2,464 

2,196 

2,736 

2,867 

3,672 

16-19 years 

432 

593 

464 

358 

355 

290 

503 

423 

488 

511 

748 

649 

671 

858 

681 

931 

784 

869 

865 

859 

932 

904 

1,060 

1,346 

1,251 

1,207 

1,497 

1,837 

1,681 

1,639 

1,613 

1,495 

1,809 

1,644 

2,006 

1,309 

2,553 

1,632 

1,002 

1,168 

905 

2,280 

1,464 

1,412 

1,463 

2,997 

1,877 

2,124 

2,531 

2,082 

1,839 

1,633 

1,386 

1,125 

1,067 

987 

957 

1,755 

2,160 

1,898 

1,575 

1,957 

3,453 

3,046 

2,720 

2,229 

2,345 

3,768 

3,513 

5,232 

over 

620 

1,002 

714 

589 

582 

466 

1,018 

843 

857 

804 

1,351 

985 

1,084 

1,285 

1,235 

1,210 

1,123 

1,040 

938 

985 

967 

1,043 

1,364 

1,694 

1,684 

1,546 

1,764 

2,643 

2,673 

2,542 

2,295 

2,403 

2,766 

2,849 

3,671 

of afe 

421 

638 

453 

342 

337 

294 

556 

477 

432 

480 

677 

726 

738 

866 

696 

829 

899 

828 

837 

893 

814 

856 

1,137 

1,280 

1,357 

1,184 

1,301 

1,832 

1,799 

1,663 

1,556 

1,565 

1,753 

1,691 

2,028 

Sept. 

1,340 

2,456 

1,557 

1,013 

1,064 

981 

2,293 

1,354 

1,404 

1,644 

2,772 

2,093 

2,139 

2,466 

2,009 

1,804 

1,703 

1,344 

1,063 

991 

962 

1,072 

1,830 

2,142 

1,878 

1,543 

1,978 

3,585 

3,075 

2,532 

2,229 

2,331 

3,752 

3,559 

5,578 

578 

957 

751 

711 

515 

551 

1,071 

848 

812 

828 

1,269 

1,002 

1,039 

1,327 

1,243 

1,238 

1,135 

970 

904 

1,134 

928 

1,068 

1,435 

1,657 

1,657 

1,539 

1,918 

2,600 

2,635 

2,538 

2,308 

2,254 

2,607 

2,953 

3,710 

384 

636 

466 

343 

357 

289 

563 

476 

419 

471 

780 

680 

706 

883 

709 

915 

874 

902 

831 

833 

796 

900 

1,191 

1,243 

1,314 

1,268 

1,541 

1,738 

1,670 

1,681 

1,588 

1,598 

1,685 

1,759 

2,027 

Oct. 

1,335 

3,273 

1,459 

1,147 

930 

1,044 

2,254 

1,465 

1,330 

1,710 

2,646 

2,076 

2,295 

2,371 

1,932 

1,851 

1,740 

1,260 

1,016 

1,046 

950 

1,064 

1,890 

2,029 

1,910 

1,467 

2,129 

3,489 

3,076 

2,679 

2,222 

2,410 

3,583 

3,815 

5,714 

560 

965 

718 

733 

576 

553 

934 

893 

816 

844 

1,221 

1,113 

1,172 

1,371 

1,174 

1,231 

1,130 

967 

955 

1,199 

954 

1,074 

1,473 

1,650 

1,689 

1,416 

1,846 

2,657 

2,638 

2,462 

2,158 

2,304 

2,801 

3,043 

3,824 

364 

678 

448 

314 

333 

377 

478 

472 

425 

466 

703 

721 

785 

831 

697 

905 

856 

916 

827 

898 

785 

911 

1,228 

1,275 

1,276 

1,261 

1,548 

1,751 

1,716 

1,622 

1,567 

1,584 

1,727 

1,815 

2,038 

Nov. 

1,357 

2,468 

1,387 

1,087 

876 

1,278 

2,008 

1,455 

1,481 

1,947 

2,439 

2,297 

2,353 

2,269 

2,043 

1,970 

1,543 

1,224 

1,078 

1,071 

933 

1,003 

2,023 

2,166 

1,791 

1,560 

2,380 

3,497 

3,241 

2,584 

2,216 

2,448 

3,550 

4,026 

5,865 

537 

922 

799 

706 

531 

594 

957 

807 

842 

927 

1,065 

1,017 

1,254 

1,224 

1,190 

1,257 

1,157 

1,033 

900 

1,102 

976 

1,013 

1,596 

1,701 

1,523 

1,518 

2,166 

2,624 

2,644 

2,589 

2,281 

2,270 

2,767 

3,105 

3,989 

391 

606 

403 

385 

336 

339 

437 

518 

538 

580 

684 

689 

723 

802 

791 

924 

851 

816 

792 

893 

806 

840 

1,279 

1,294 

1,288 

1,318 

1,594 

1,673 

1,735 

1,642 

1,580 

1,530 

1,712 

1,894 

2,052 

Dec. 

1,450 

2,446 

1,427 

968 

872 

1,575 

1,876 

1,439 

1,532 

2,030 

2,413 

1,883 

2,508 

2,182 

2,035 

1,908 

1,596 

1,204 

1,119 

1,089 

887 

1,062 

2,192 

2,178 

1,742 

1,628 

2,727 

3,346 

3,227 

2,509 

2,330 

2,452 

3,376 

4,367 

5,909 

600 

955 

743 

674 

485 

775 

852 

830 

844 

882 

1,127 

1,050 

1,318 

1,258 

1,168 

1,226 

1,112 

970 

980 

1,088 

955 

977 

1,625 

1,674 

1,512 

1,573 

2,295 

2,638 

2,597 

2,416 

2,278 

2,325 

2,784 

3,174 

4,071 

379 

662 

469 

318 

310 

468 

468 

492 

414 

564 

651 

720 

791 

737 

704 

841 

943 

857 

813 

841 

843 

845 

1,259 

1,302 

1,289 

1,288 

1,614 

1,760 

1,721 

1,461 

1,620 

1,584 

1,836 

1,848 

2,056 

10 

1,283 

1,726 

2,324 

1,113 

980 

940 

1,822 

1,748 

1,442 

1,376 

2,437 

2,201 

1,892 

2,568 

1,999 

2,092 

1,824 

1,580 

1,179 

1,058 

1,071 

910 

1,301 

2,075 

2,033 

1,692 

1,766 

3,272 

3,071 

3,040 

2,495 

2,282 

2,763 

3,473 

4,473 

532 

619 

997 

727 

584 

480 

981 

832 

762 

793 

1,174 

1,147 

986 

1,371 

1,187 

1,195 

1,283 

1,124 

903 

1,075 

1,040 

989 

1,163 

1,651 

1,585 

1,514 

1,593 

2,655 

2,571 

2,595 

2,274 

2,287 

2,365 

2,780 

3,266 

439 

480 

625 

342 

350 

287 

535 

435 

475 

473 

612 

597 

679 

847 

771 

841 

864 

900 

816 

791 

808 

809 

965 

1,233 

1,377 

1,185 

1,310 

! 1,739 

1,721 

1,708 

1,612 

1,560 

1,560 

1,763 | 1,893 

Quarterly 

IIQ 

1,287 

2,178 

2,057 

934 

948 

931 

2,140 

1,615 

1,448 

1,449 

2,949 

1,816 

1,928 

2,671 

2,034 

1,973 

1,719 

1,497 

1,098 

1,078 

979 

910 

1,557 

2,068 

2,002 

1,656 

1,777 

3,677 

3,046 

2,813 

2,278 

2,190 

3,505 

3,462 

4,868 

565 

828 

883 

680 

564 

435 

1,050 

790 

846 

786 

1,352 

1,036 

1,020 

1,462 

1,126 

1,210 

1,219 

1,089 

932 

1,047 

974 

1,015 

1,292 

1,662 

1,661 

1,475 

1,622 

2,807 

2,476 

2,516 

2,289 

2,225 

2,612 

2,812 

3,554 

387 

575 

519 

310 

341 

276 

499 

427 

504 

487 

693 

641 

704 

795 

711 

900 

894 

885 

854 

814 

843 

837 

1,080 

1,239 

1,272 

1,253 

1,350 

1,803 

1,714 

1,706 

1,545 

1,542 

1,676 

1,740 

1,947 

III Q 

IV Q 

Average for period 

1,280 

2,510 

1,669 

992 

1,103 

934 

2,231 

1,413 

1,424 

1,518 

2,932 

1,940 

2,103 

2,540 

2,028 

1,848 

1,666 

1,375 

1,103 

1,031 

970 

1,005 

1,773 

2,127 

1,912 

1,561 

1,923 

3,550 

3,086 

2,650 

2,230 

2,324 

3,776 

3,472 

5,320 

1,381 

2,729 

1,424 

1,067 

893 

1,299 

2,046 

1,453 

1,448 

1,896 

2,499 

2,085 

2,385 

2,274 

2,003 

1,910 

1,626 

1,229 

1,071 

1,069 

923 

1,043 

2,035 

2,124 

1,814 

1,552 

2,412 

3,444 

3,181 

2,591 

2,256 

2,437 

3,503 

4,069 

5,829 

Average for period 

596 

985 

768 

644 

552 

490 

1,041 

827 

893 

823 

1,308 

1,005 

1,081 

1,353 

1,207 

1,223 

1,140 

1,016 

911 

1,057 

961 

1,030 

1,393 

1,654 

1,681 

1,539 

1,805 

2,641 

2,660 

2,524 

2,356 

2,284 

2,703 

2,890 

3,684 

566 

947 

753 

704 

531 

641 

914 

843 

834 

884 

1,138 

1,060 

1,248 

1,284 

1,177 

1,238 

1,133 

990 

945 

1,130 

962 

1,021 

1,565 

1,675 

1,575 

1,502 

2,102 

2,640 

2,626 

2,489 

2,239 

2,300 

2,784 

3,107 

3,961 

Average for period 

412 

622 

461 

348 

350 

291 

541 

459 

446 

487 

735 

685 

705 

869 

695 

892 

852 

866 

844 

862 

847 

887 

1,129 

1,290 

1,307 

1,220 

1,446 

1,802 

1,717 

1,661 

1,586 

1,553 

1,749 

1,698 

2,020 

378 

649 

440 

339 

326 

395 

461 

494 

459 

537 

679 

710 

766 

790 

731 

890 

883 

863 

811 

877 

811 

865 

1,255 

1,290 

1,284 

1,289 

1,585 

1,728 

1,724 

1,575 

1,589 

1,566 

1,692 

1,852 

2,049 

Annual 

1,305 

2,219 

1,922 

1,029 

980 

1,019 

2,035 

1,580 

1,442 

1,541 

2,681 

2,022 

2,060 

2,518 

2,016 

1,971 

1,718 

1,435 

1,120 

1,060 

993 

963 

1,638 

2,097 

1,948 

1,624 

1,957 

3,476 

3,098 

2,794 

2,328 

2,308 

3,353 

3,615 

5,089 

564 

841 

854 

689 

559 

510 

997 

823 

832 

821 

1,242 

1,063 

1,080 

1,368 

1,175 

1,216 

1,195 

1,056 

921 

1,078 

985 

1,015 

1,349 

1,658 

1,625 

1,507 

1,777 

2,684 

2,588 

2,535 

2,292 

2,276 

2,615 

2,895 

3,613 

409 

576 

513 

336 

345 

307 

501 

450 

478 

497 

678 

654 

712 

828 

721 

884 

872 

874 

837 

839 

838 

853 

1,106 

1,262 

1,308 

1,235 

1,422 

1,767 

1,719 

1,663 

1,583 

1,555 

1,669 

1,763 

1,977 

114 

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Year 

Monthly 

Jan. Feb. Mar. Apr. May June July 

447. Number unemployed, hi-time workers 

[Thousands] 

Quarterly 

Sept. Oct. Nov. Dec. | IQ II0 illQ IVQ 

Average for period 

Annual 

1947 

1948 

1949 

1950 

1951 

1952 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 3,719 

1964 3,466 

1965 3,041 

1966 2,391 

1967 2,285 

1968 2,257 

1969 2,088 

1970 2,427 

1971 3,902 

1972 3,933 

1973 3,402 

1974 3,567 

1975 6,059 

1976 6,045 

1977 5,792 

1978 5,115 

1979 4,701 

1980 5,278 

1981 6,620 

1982 7,822 

1947 

1948 

1949 

1950 

1951 

1952 

1953 

1954 

1955 

1956 1,847 

1957 1,923 

1958 3,022 

1959 2,511 

1960 2,287 

1961 3,087 

1962 2,161 

1963 2,298 

1964 2,120 

1965 2,108 

1966 1,797 

1967 2,048 

1968 1,653 

1969 1,721 

1970 1,980 

1971 2,543 

1972 2,487 

1973 2,043 

1974 2,525 

1975 3,716 

1976 3,424 

1977 3,391 

1978 3,163 

1979 3,293 

1980 3,587 

1981 4,467 

1982 5,066 

1947 

1948 88.7 

1949 88.5 

1950 88.1 

1951 88.0 

1952 88.8 

1953 88.3 

1954 87.8 

1955 87.4 

1956 88.1 

1957 87.0 

1958 86.4 

1959 86.2 

1960 86.2 

1961 86.1 

1962 85.1 

1963 84.3 

1964 84.2 

1965 84.1 

1966 83.6 

1967 83.7 

1968 83.1 

1969 82.9 

1970 82.8 

1971 82.3 

1972 81.6 

1973 81.2 

1974 81.8 

1975 80.6 

1976 79.7 

1977 79.6 

1978 79.9 

1979 80.1 

1980 79.7 

1981 79.1 

1982 78.6 

3,722 

3,377 

3,163 

2,301 

2,193 

2,333 

2,071 

2,663 

3,868 

3,843 

3,441 

3,607 

6,124 

5,854 

5,867 

5,009 

4,817 

5,270 

6,602 

8,000 

3,624 

3,391 

2,980 

2,349 

2,250 

2,201 

2,026 

2,787 

3,884 

3,894 

3,393 

3,563 

6,493 

5,849 

5,742 

4,952 

4,720 

5,389 

6,541 

8,346 

3,539 

3,339 

3,029 

2,365 

2,247 

2,009 

2,107 

2,938 

3,857 

3,858 

3,385 

3,628 

6,798 

5,864 

5,626 

4,769 

4,765 

5,983 

6,429 

8,575 

3,613 

3,1% 

2,875 

2,423 

2,277 

2,049 

2,026 

3,158 

3,981 

3,954 

3,324 

3,653 

7,078 

5,724 

5,539 

4,821 

4,507 

6,568 

6,617 

8,689 

3,365 

3,146 

2,794 

2,295 

2,296 

2,171 

2,162 

3,193 

3,928 

3,837 

3,253 

3,750 

6,772 

5,995 

5,585 

4,670 

4,614 

6,667 

6,581 

8,878 

3,422 

2,985 

2,692 

2,277 

2,236 

2,179 

2,171 

3,304 

4,007 

3,910 

3,253 

3,928 

6,721 

5,945 

5,458 

4,968 

4,707 

6,950 

6,428 

9,036 

3,317 

3,053 

2,696 

2,235 

2,267 

2,115 

2,137 

3,356 

4,060 

3,871 

3,280 

3,889 

6,420 

5,998 

5,534 

4,738 

4,893 

6,880 

6,473 

9,209 

3,283 

3,105 

2,610 

2,225 

2,295 

2,042 

2,286 

3,487 

4,068 

3,756 

3,303 

4,248 

6,666 

6,056 

5.362 

4,769 

4,857 

6,731 

6,762 

9,622 

3,410 

3,081 

2,470 

2,218 

2,417 

2,046 

2,240 

3,656 

3,971 

3,832 

3,175 

4,430 

6,605 

6,060 

5,398 

4,600 

4,925 

6,663 

7,137 

9,942 

3,520 

2,925 

2,493 

2,279 

2,388 

2,042 

2,169 

3,911 

4,102 

3,474 

3,391 

4,851 

6,426 

6,107 

5,331 

4,642 

4,930 

6,685 

7,442 

10,127 

3,451 

3,029 

2,459 

2,286 

2,347 

1,934 

2,190 

4,032 

4,091 

3,420 

3,422 

5,272 

6,276 

6,146 

5,052 

4,798 

4,995 

6,545 

7,990 

10,285 

3,688 

3,411 

3,061 

2,347 

2,243 

2,264 

2,062 

2,626 

3,885 

3,890 

3,412 

3.579 

6,225 

5,916 

5,800 

5,025 

4,746 

5.312 

6,588 

8,056 

3,506 

3,227 

2,899 

2,361 

2,273 

2,076 

2,098 

3,096 

3,922 

3,883 

3,321 

3,677 

6,883 

5,861 

5.583 

4,753 

4,629 

6,406 

6,542 

8,714 

3,341 

3,048 

2,666 

2,246 

2,266 

2,112 

2,198 

3,382 

4,045 

3,846 

3,279 

4,022 

6,602 

6,000 

5,451 

4,825 

4,819 

6,854 

6,554 

9,289 

3,460 

3,012 

2,474 

2,261 

2,384 

2,007 

2,200 

3,866 

4,055 

3,575 

3,329 

4,851 

6,436 

6,104 

5,260 

4,680 

4,950 

6,631 

7,523 

10,118 

3,505 

3,178 

2,791 

2,315 

2,293 

2,138 

2,142 

3,206 

3,968 

3,806 

3,344 

4,010 

6,523 

5,974 

5,548 

4,838 

4,787 

6,269 

6,795 

9,006 

448. employed pari 

[Thousands] Average for period 

1,874 

2,086 

3,174 

2,314 

2,379 

3,278 

2,296 

2,282 

2,232 

1,973 

1,637 

2,077 

1,819 

1,707 

1,888 

2,510 

2,340 

2,182 

2,673 

3,655 

3,288 

3,547 

3,312 

3,274 

3,515 

4,182 

5,489 

1,678 

2,091 

3,440 

2,475 

2,197 

3,024 

2,414 

2,281 

2,166 

1,994 

1,627 

2,039 

1,748 

1,810 

1,965 

2,501 

2,433 

2,172 

2,472 

3,789 

3,247 

3,372 

3,279 

3,289 

3,492 

4,222 

5,611 

1,846 

2,034 

3,334 

2,310 

2,545 

2,994 

2,280 

2,296 

2,246 

1,927 

1,629 

2,104 

1,659 

1,686 

2,310 

2,474 

2,520 

2,150 

2,377 

3,827 

3,266 

3,234 

3,370 

3,374 

3,911 

4,149 

5,750 

1,805 

1,992 

2,127 

3,306 

2,123 

2,413 

2,932 

2,403 

2,249 

2,205 

1,983 

1,706 

1,702 

1,714 

1,746 

2,228 

2,482 

2,387 

2,216 

2,667 

3,714 

3,329 

3,326 

3,289 

3,345 

4,377 

4,242 

5,731 

1,755 

2,088 

2,187 

3.019 

2,205 

2,577 

2,748 

2,290 

2,288 

2,173 

1,898 

1,737 

1,838 

1,826 

1,854 

2,155 

2,227 

2,580 

2,543 

2,577 

3,514 

3,170 

3,375 

3,427 

3,421 

4,210 

4,088 

5,561 

1,912 

2,026 

2,207 

2,771 

2,302 

2,552 

2,727 

2,369 

2.179 

2,062 

1,986 

1,723 

1,850 

1,727 

1,750 

2,279 

2,421 

2,514 

2,490 

2,610 

3,442 

3,220 

3,480 

3,345 

3,376 

4,273 

4,432 

5,577 

1,881 

2.107 

2.133 

2.808 

2.282 

2.558 

2.731 

2,288 

2,419 

2.043 

1.963 

1.563 

1.765 

1.705 

1,875 

2.214 

2.443 

2,548 

2,444 

2,745 

3,400 

3,259 

3,318 

3,364 

3,444 

4,374 

4,448 

5,820 

1,864 

2,138 

2,158 

2,756 

2,205 

2.755 

2,647 

2,390 

2,381 

2,114 

1,776 

1,616 

1,875 

1,659 

1,907 

2,123 

2,355 

2,424 

2,424 

2,917 

3,348 

3,421 

3,379 

3,335 

3,264 

4,290 

4,612 

6,495 

1,836 

2,036 

2,249 

2,646 

2,423 

2,737 

2,563 

2,398 

2,330 

2,119 

1,859 

1,592 

1,840 

1,658 

1,897 

2,377 

2,500 

2,316 

2,424 

2,975 

3,376 

3,473 

3,324 

3,269 

3,331 

4,206 

4,948 

6,403 

1,872 

2,018 

2,378 

2,414 

2,469 

2,864 

2,549 

2,485 

2,277 

2,025 

1,884 

1,566 

2,034 

1,742 

1,855 

2,373 

2,583 

2,253 

2,437 

3,229 

3,333 

3,541 

3,350 

3,236 

3,473 

4,214 

5,005 

6,411 

1.884 

2.009 

2,501 

2,514 

2,462 

2,960 

2,405 

2,322 

2,200 

2,143 

1,761 

1.807 

1,832 

1,697 

1,869 

2,544 

2.418 

2.192 

2,571 

3,347 

3,305 

3,467 

3,303 

3,151 

3,583 

4,216 

5,325 

6,425 

1,800 

2,033 

3,212 

2,433 

2,288 

3,130 

2,290 

2,287 

2,173 

2,025 

1,687 

2,055 

1,740 

1,746 

1,944 

2,518 

2,420 

2,132 

2,557 

3,720 

3,320 

3,437 

3,251 

3,285 

3,531 

4,290 

5,389 

1,975 

2,116 

3,220 

2,213 

2,512 

2,891 

2,324 

2,278 

2,208 

1,936 

1,691 

1,881 

1,733 

1,762 

2,231 

2,394 

2,496 

2,303 

2,540 

3,685 

3,255 

3,312 

3,362 

3,380 

4,166 

4,160 

5,681 

1,886 

2,090 

2,166 

2,778 

2,263 

2,622 

2,702 

2,349 

2,326 

2,073 

1,908 

1,634 

1,830 

1,697 

1,844 

2,205 

2,406 

2,495 

2,453 

2,757 

3,397 

3,300 

3,392 

3,348 

3,361 

4,312 

4,497 

5,964 

1,864 

2,021 

2,376 

2,525 

2,451 

2,854 

2,506 

2,402 

2,269 

2,096 

1,835 

1,655 

1,902 

1,699 

1,874 

2,431 

2,500 

2,254 

2,477 

3,184 

3,338 

3,494 

3,326 

3,219 

3,462 

4,212 

5,093 

6,413 

1,839 

1,967 

2,169 

2,953 

2,336 

2,560 

2,813 

2,337 

2,291 

2,137 

1,928 

1,664 

1,913 

1,715 

1,810 

2,198 

2,451 

2,430 

2,343 

2,751 

3,542 

3,334 

3,369 

3,298 

3,373 

4,064 

4,499 

5,852 

451. Chrian labor force participation rate, males 20 years and over 

[Percent] 

89.0 

88.5 

88.0 

88.4 

89.0 

88.6 

88.1 

87.2 

87.9 

87.2 

86.2 

86.0 

86.0 

85.8 

85.3 

84.3 

84.1 

84.1 

83.5 

83.5 

83.1 

83.1 

82.8 

82.0 

81.5 

81.4 

81.7 

80.4 

79.6 

79.8 

79.8 

80.3 

79.8 

79.1 

78.7 

88.2 

88.5 

88.0 

88.8 

88.6 

88.7 

87.7 

87.4 

87.9 

87.2 

86.2 

86.3 

85.6 

85.9 

85.3 

84.4 

84.0 

84.1 

83.6 

83.3 

83.0 

83.0 

82.9 

81.9 

81.8 

81.6 

81.3 

80.4 

79.6 

79.7 

79.7 

79.9 

79.4 

79.2 

78.6 

88.3 

88.4 

88.2 

88.3 

88.5 

88.2 

88.2 

87.5 

87.8 

87.1 

86.6 

86.4 

86.1 

85.8 

84.7 

84.4 

84.5 

84.1 

83.7 

83.5 

83.1 

82.8 

83.0 

82.2 

81.7 

81.4 

81.0 

80.5 

79.9 

79.6 

79.8 

79.8 

79.5 

79.3 

78.7 

88.1 

88.4 

88.4 

88.4 

88.4 

88.0 

87.9 

87.4 

87.6 

87.0 

86.9 

86.2 

86.0 

85.9 

85.0 

84.3 

84.5 

84.3 

83.6 

83.4 

83.2 

82.7 

82.9 

82.3 

81.6 

81.2 

81.1 

80.7 

79.8 

79.6 

79.8 

79.6 

79.6 

79.4 

78.9 

88.5 

88.4 

88.3 

88.4 

88.4 

88.0 

87.8 

87.2 

87.6 

87.3 

86.8 

86.1 

85.9 

85.8 

84.8 

84.3 

84.0 

83.8 

83.6 

83.5 

83.4 

82.7 

82.6 

82.0 

81.7 

81.2 

80.9 

80.2 

79.7 

79.8 

79.8 

79.7 

79.3 

78.9 

78.8 

88.7 

88.2 

88.1 

88.2 

88.3 

88.1 

87.7 

87.6 

87.5 

87.1 

87.0 

86.6 

85.9 

85.6 

84.4 

84.5 

84.3 

83.9 

83.4 

83.5 

83.3 

82.7 

82.6 

82.1 

81.7 

81.3 

80.7 

80.4 

79.9 

79.6 

79.7 

79.8 

79.4 

78.9 

78.8 

88.7 

88.5 

86.5 

88.0 

87.9 

88.2 

87.6 

87.5 

86.7 

87.1 

86.3 

86.0 

85.6 

84.9 

84.3 

84.1 

83.8 

83.5 

83.4 

83.2 

82.9 

82.5 

82.1 

81.6 

81.1 

80.9 

80.4 

79.9 

79.7 

79.6 

79.7 

79.4 

78.9 

78.7 

88.5 

88.6 

88.4 

88.2 

88.0 

87.6 

88.4 

87.6 

87.3 

86.9 

87.1 

86.5 

86.2 

85.5 

84.8 

84.4 

84.2 

83.6 

83.5 

83.2 

83.0 

82.9 

82.5 

82.0 

81.6 

81.0 

80.8 

80.2 

79.9 

79.4 

79.5 

79.8 

79.3 

78.7 

79.0 

89.5 

88.2 

88.6 

87.6 

87.6 

88.0 

87.6 

87.2 

86.6 

87.0 

86.4 

86.1 

85.5 

84.6 

84.2 

84.2 

83.6 

83.4 

83.4 

82.9 

82.8 

82.4 

81.7 

81.4 

81.1 

80.8 

80.0 

79.8 

79.8 

79.6 

79.7 

79.2 

78.7 

78.9 

88.7 

88.7 

88.2 

88.4 

87.6 

88.0 

87.6 

87.7 

87.3 

86.5 

86.5 

86.3 

86.3 

85.5 

84.6 

84.3 

84.0 

83.5 

83.5 

83.3 

82.9 

82.5 

82.5 

81.9 

81.4 

81.3 

80.9 

79.9 

80.0 

79.9 

80.0 

79.5 

79.3 

78.7 

78.9 

89.0 

88.7 

88.2 

88.7 

88.5 

87.8 

87.3 

87.8 

87.3 

86.6 

86.3 

86.5 

86.3 

85.3 

84.4 

84.2 

83.9 

83.6 

83.6 

83.4 

83.1 

82.6 

82.5 

81.9 

81.5 

81.4 

80.7 

79.6 

79.8 

80.0 

80.0 

79.5 

79.1 

78.8 

78.7 

88.6 

88.5 

88.0 

88.4 

88.8 

88.5 

87.9 

87.3 

88.0 

87.1 

86.3 

86.2 

85.9 

85.9 

85.2 

84.3 

84.1 

84.1 

83.6 

83.5 

83.1 

83.0 

82.8 

82.1 

81.6 

81.4 

81.6 

80.5 

79.6 

79.7 

79.8 

80.1 

79.6 

79.1 

78.6 

88.3 

88.4 

88.3 

88.4 

88.4 

88.1 

88.0 

87.4 

87.7 

87.1 

86.8 

86.2 

86.0 

84.3 

84.3 

84.1 

83.6 

83.5 

83.2 

82.7 

82.8 

82.2 

81.7 

81.3 

81.0 

80.5 

79.8 

79.7 

79.8 

79.7 

79.5 

79.2 

78.8 

Average for period 

'887 

88.5 

88.3 

87.6 

88.1 

87.9 

87.6 

87.4 

86.9 

87.1 

86.5 

86.0 

85.6 

84.7 

84.4 

84.2 

83.8 

83.5 

83.4 

83.2 

82.8 

82.5 

82.1 

81.6 

81.1 

80.8 

80.3 

79.9 

79.6 

79.6 

79.8 

79.4 

78.8 

78.8 

89.0 

88.2 

88.6 

87.9 

87.8 

87.6 

87.7 

87.3 

86.6 

86.6 

86.4 

86.2 

85.4 

84.5 

84.2 

84.0 

83.6 

83.5 

83.4 

83.0 

82.6 

82.5 

81.8 

81.4 

81.3 

80.8 

79.8 

79.9 

79.9 

79.9 

79.6 

79.2 

78.7 

78.8 

88.6 

88.6 

88.2 

88.2 

88.3 

88.1 

87.9 

87.5 

87.6 

86.9 

86.7 

86.3 

86.0 

85.7 

84.8 

84.3 

84.2 

83.9 

83.5 

83.4 

83.1 

82.8 

82.6 

82.1 

81.6 

81.3 

81.0 

80.3 

79.8 

79.7 

79.8 

79.8 

79.4 

79.0 

78.7 

See footnotes at end of this part 115 

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Year Jan. Feb. Mar. Apr. May 

Monthly 

June July Aug. Sept. 

1947 

1948 31.0 

1949 31.7 

1950 32.7 

1951 33.7 

1952 34.4 

1953 34.6 

1954 33.4 

1955 34.5 

1956 36.3 

1957 36.2 

1958 36.7 

1959 37.0 

1960 36.9 

1961 38.1 

1962 37.9 

1963 38.0 

1964 38.5 

1965 39.0 

1966 39.8 

1967 40.7 

1968 40.9 

1969 42.0 

1970 43.1 

1971 43.6 

1972 43.6 

1973 43.6 

1974 44.7 

1975 45.9 

1976 46.6 

1977 47.4 

1978 48.9 

1979 50.1 

1980 51.3 

1981 51.8 

1982 52.2 

1947 

1948 53.2 

1949 52.8 

1950 51.9 

1951 51.4 

1952 52.2 

1953 52.4 

1954 50.9 

1955 46.8 

1956 51.4 

1957 49.5 

1958 47.4 

1959 47.5 

1960 47.2 

1961 47.4 

1962 45.6 

1963 45.4 

1964 44.4 

1965 43.0 

1966 48.0 

1967 48.3 

1968 46.6 

1969 47.7 

1970 50.4 

1971 50.0 

1972 51.1 

1973 50.8 

1974 55.1 

1975 54.9 

1976 54.2 

1977 54.2 

1978 56.7 

1979 58.4 

1980 57.6 

1981 56.6 

1982 54.2 

1^47 

1948 

1949 

1950 977 

1951 7,048 

1952 5,601 

1953 4,003 

1954 2,095 

1955 2,295 

1956 3,585 

1957 3,522 

1958 3,834 

1959 3,792 

1960 3,447 

1961 3,857 

1962 4,473 

1963 4,731 

1964 4,242 

1965 4,421 

1966 5,489 

1967 6,589 

1968 6,688 

1969 7,378 

1970 6,906 

1971 6,796 

1972 7,604 

1973 6,827 

1974 7,527 

1975 7,785 

1976 8,393 

1977 9,804 

1978 10,537 

1979 10,770 

1980 12,578 

1981 14,808 

1982 19,361 

452. Civian labor force participation rate, females 20 years and over 

[Percent] 

Oct. Nov. Pec. 

31.4 

32.1 

32.8 

33.6 

34.3 

34.2 

34.5 

34.4 

36.0 

36.7 

36.8 

36.7 

36.9 

38.4 

38.0 

38.2 

38.8 

39.2 

39.6 

40.5 

41.3 

42.4 

43.1 

43.3 

43.4 

44.0 

45.0 

45.6 

46.6 

47.6 

48.9 

50.3 

51.3 

51.9 

52.3 

31.1 

31.9 

32.7 

34.3 

33.5 

34.5 

34.5 

34.3 

36.0 

36.5 

36.8 

37.0 

36.3 

38.5 

37.7 

38.2 

38.8 

39.2 

39.6 

40.4 

41.4 

42.4 

43.4 

43.2 

43.7 

44.1 

45.1 

45.9 

46.7 

47.9 

49.1 

50.5 

51.2 

52.0 

52.5 

32.1 

31.9 

33.4 

33.8 

33.6 

34.0 

34.4 

35.1 

36.2 

36.2 

37.1 

37.1 

37.6 

37.9 

37.6 

38.4 

39.5 

39.2 

39.8 

40.8 

41.4 

42.6 

43.5 

43.2 

43.6 

44.3 

45.1 

46.0 

46.8 

48.0 

49.4 

50.2 

51.4 

52.2 

52.5 

31.3 

32.3 

33.0 

34.1 

34.0 

33.4 

34.3 

34.7 

36.7 

36.3 

37.0 

37.1 

37.7 

38.1 

37.6 

38.4 

39.3 

39.2 

40.0 

40.8 

42.0 

42.5 

43.0 

43.2 

43.8 

44.3 

45.1 

46.0 

46.8 

48.2 

49.4 

50.2 

51.3 

52.4 

52.8 

32.5 

32.2 

33.8 

33.6 

33.8 

34.1 

34.1 

35.0 

36.4 

36.4 

37.0 

37.2 

37.9 

38.4 

37.5 

38.2 

39.0 

39.7 

39.9 

40.9 

41.9 

42.8 

43.2 

43.0 

43.6 

44.5 

45.3 

46.0 

47.0 

48.1 

49.6 

50.3 

51.2 

52.2 

52.9 

32.7 

32.9 

33.2 

34.5 

33.7 

34.1 

33.8 

35.5 

36.6 

36.9 

37.0 

37.1 

37.9 

38.0 

37.6 

38.3 

38.7 

39.7 

40.0 

41.0 

41.7 

42.7 

43.5 

43.0 

43.7 

44.5 

45.8 

46.1 

47.3 

48.0 

49.6 

50.6 

51.3 

52.2 

53.0 

32.0 

32.7 

33.6 

33.9 

33.9 

33.7 

33.9 

36.0 

36.6 

36.4 

37.2 

36.9 

37.9 

37.7 

38.1 

38.1 

38.9 

39.6 

40.3 

41.1 

41.3 

42.8 

43.3 

43.2 

43.8 

44.5 

45.5 

46.2 

47.3 

48.1 

49.5 

50.8 

51.4 

52.1 

53.0 

32.3 

32.5 

33.1 

33.8 

34.9 

33.7 

34.5 

35.9 

36.8 

36.5 

36.8 

36.9 

38.1 

37.5 

38.3 

38.4 

38.6 

39.3 

40.6 

41.4 

41.6 

42.8 

43.0 

43.4 

43.7 

44.6 

45.5 

46.1 

47.1 

48.5 

49.9 

50.8 

51.3 

51.7 

52.9 

31.7 

32.7 

33.6 

34.2 

34.2 

34.0 

34.4 

36.0 

36.6 

36.6 

36.8 

37.3 

37.6 

37.9 

37.9 

38.6 

38.8 

39.4 

40.6 

41.7 

41.6 

42.9 

43.4 

43.5 

43.7 

44.6 

45.3 

46.3 

47.1 

48.3 

50.0 

50.9 

51.5 

52.3 

52.8 

31.8 

32.9 

33.7 

34.1 

34.8 

33.6 

34.4 

36.0 

36.4 

36.6 

36.6 

37.0 

38.2 

37.6 

37.8 

38.7 

38.7 

39.5 

40.9 

41.6 

41.9 

42.8 

43.4 

43.8 

43.6 

44.9 

45.5 

46.2 

47.5 

48.8 

50.1 

51.0 

51.6 

52.4 

52.9 

32.1 

32.7 

33.3 

34.5 

34.2 

33.2 

34.0 

36.4 

36.4 

36.9 

36.7 

37.2 

38.2 

37.5 

37.8 

38.5 

38.9 

39.6 

40.8 

41.8 

41.9 

42.9 

43.4 

43.8 

43.7 

44.8 

45.6 

46.3 

47.6 

48.7 

50.2 

51.2 

51.5 

52.2 

53.1 

Quarterly 

UL JUL IIIQ IV Q Annual 

Average for period 

31.2 

31.9 

32.7 

33.9 

34.1 

34.4 

34.1 

34.4 

36.1 

36.5 

36.8 

36.9 

36.7 

38.3 

37.9 

38.1 

38.7 

39.1 

39.7 

40.5 

41.2 

42.3 

43.2 

43.4 

43.6 

43.9 

44.9 

45.8 

46.6 

47.6 

49.0 

50.3 

51.3 

51.9 

52.3 

32.0 

32.1 

33.4 

33.8 

33.8 

33.8 

34.3 

34.9 

36.4 

36.3 

37.0 

37.1 

37.7 

38.1 

37.6 

38.3 

39.3 

39.4 

39.9 

40.8 

41.8 

42.6 

43.2 

43.1 

43.7 

44.4 

45.2 

46.0 

46.9 

48.1 

49.5 

50.2 

51.3 

52.3 

52.7 

32.3 

32.7 

33.3 

34.1 

34.2 

33.8 

34.1 

35.8 

36.7 

36.6 

37.0 

37.0 

38.0 

37.7 

38.0 

38.3 

38.7 

39.5 

40.3 

41.2 

41.5 

42.8 

43.3 

43.2 

43.7 

44.5 

45.6 

46.1 

47.2 

48.2 

49.7 

50.7 

51.3 

52.0 

53.0 

31.9 

32.8 

33.5 

34.3 

34.4 

33.fr 

34.3 

36.1 

36.5 

36.7 

36.7 

37.2 

38.0 

37.7 

37.8 

38.6 

38.8 

39.5 

40.8 

41.7 

41.8 

42.9 

43.4 

43.7 

43.7 

44.8 

45.5 

46.3 

47.4 

48.6 

50.1 

51.0 

51.5 

52.3 

52.9 

31.8 

32.4 

33.2 

34.0 

34.1 

33.9 

34.2 

35.3 

36.4 

36.5 

36.9 

37.0 

37.6 

38.0 

37.8 

38.3 

38.9 

39.4 

40.2 

41.1 

41.6 

42.7 

43.3 

43.3 

43.7 

44.4 

45.3 

46.0 

47.0 

48.1 

49.6 

50.6 

51.3 

52.1 

52.7 

453. Civian labor force participation rate, both sexes 16-19 years of age 

[Percent] Averaf e for period 

53.7 

53.7 

51.7 

51.0 

51.8 

54.0 

51.4 

45.4 

50.5 

49.8 

48.0 

46.7 

47.4 

46.7 

45.9 

45.1 

45.3 

43.7 

46.7 

48.2 

48.5 

47.8 

50.3 

49.9 

51.4 

52.9 

55.2 

54.1 

54.2 

55.2 

56.6 

58.5 

57.1 

56.5 

54.5 

54.1 

54.5 

50.2 

53.3 

50.9 

53.1 

51.7 

46.3 

50.0 

50.6 

47.5 

46.7 

46.7 

47.6 

46.8 

44.8 

45.0 

44.1 

46.9 

47.5 

48.2 

48.3 

50.4 

49.3 

51.9 

53.5 

55.0 

54.1 

54.4 

55.5 

56.5 

58.3 

57.1 

56.3 

53.8 

54.2 

53.0 

50.8 

50.9 

50.7 

51.8 

50.1 

47.3 

49.4 

49.5 

48.1 

47.7 

48.5 

46.0 

46.5 

45.3 

44.0 

45.3 

47.4 

47.6 

47.9 

48.7 

49.9 

49.7 

51.8 

53.7 

53.8 

53.6 

55.2 

55.7 

57.0 

57.9 

55.8 

56.9 

54.2 

50.9 

53.4 

50.9 

52.6 

52.3 

49.5 

48.6 

47.6 

52.1 

49.4 

48.9 

46.2 

48.1 

45.8 

47.4 

46.2 

44.8 

45.6 

46.9 

47.2 

48.2 

47.5 

49.7 

49.4 

51.5 

53.2 

54.3 

54.7 

55.1 

55.6 

57.9 

57.3 

57.0 

56.2 

55.2 

53.8 

49.8 

50.4 

51.3 

52.8 

50.9 

46.3 

46.7 

52.5 

50.2 

46.5 

46.0 

49.7 

47.8 

47.8 

44.6 

44.4 

44.0 

48.5 

48.8 

49.3 

49.6 

49.0 

47.5 

51.9 

54.5 

55.3 

53.8 

53.8 

57.0 

58.5 

58.2 

57.2 

54.4 

53.0 

52.6 

50.3 

50.8 

52.6 

51.2 

49.5 

47.1 

48.4 

51.7 

50.2 

46.8 

46.3 

47.3 

47.1 

46.5 

45.0 

44.0 

46.3 

49.1 

49.0 

49.1 

50.0 

49.4 

50.5 

51.6 

53.3 

54.9 

54.1 

55.3 

56.1 

58.4 

57.7 

57.4 

54.5 

53.2 

51.5 

51.9 

52.0 

53.0 

50.0 

49.6 

48.0 

49.6 

50.6 

48.4 

47.1 

46.6 

46.9 

48.0 

46.4 

44.8 

44.2 

45.5 

49.3 

49.5 

49.0 

50.0 

49.7 

50.5 

52.9 

53.2 

53.8 

53.8 

55.1 

57.2 

59.3 

56.8 

55.9 

55.2 

54.2 

51.5 

53.1 

52.5 

52.7 

50.5 

49.1 

48.5 

50.5 

50.3 

49.3 

47.9 

46.9 

47.4 

46.4 

45.8 

45.7 

45.5 

46.5 

47.5 

48.3 

47.9 

50.5 

50.4 

49.3 

51.6 

54.3 

55.7 

54.1 

53.9 

55.9 

58.1 

57.8 

56.4 

54.9 

54.3 

50.6 

52.5 

53.5 

52.4 

50.2 

48.2 

47.3 

51.1 

49.7 

49.3 

47.9 

46.6 

47.3 

46.4 

45.3 

45.8 

44.1 

47.8 

48.2 

48.7 

48.0 

50.9 

50.1 

49.7 

51.9 

54.8 

55.5 

53.5 

54.4 

56.5 

58.3 

57.5 

56.6 

54.9 

54.1 

51.0 

52.9 

52.6 

51.9 

51.4 

48.9 

46.3 

52.7 

50.4 

49.4 

46.8 

46.3 

47.4 

47.4 

44.9 

44.8 

44.1 

47.1 

49.1 

48.3 

47.7 

50.9 

50.1 

50.5 

52.4 

55.1 

55.1 

53.2 

54.4 

57.2 

58.2 

57.7 

56.2 

55.0 

54.4 

53.1 

52.6 

52.5 

529 

51.1 

49.2 

44.6 

53.4 

50.3 

49.3 

47.1 

47.4 

46.5 

45.6 

44.8 

43.9 

44.3 

48.1 

49.3 

48.3 

47.8 

50.4 

49.8 

50.6 

52.8 

55.1 

54.4 

53.8 

54.1 

56.3 

58.2 

58.4 

56.0 

53.9 

53.9 

53.7 

53.7 

51.3 

51.9 

51.6 

53.2 

51.3 

46.2 

50.6 

50.0 

47.6 

47.0 

47.1 

47.2 

46.1 

45.1 

44.9 

43.6 

47.2 

48.0 

47.8 

47.9 

50.4 

49.7 

51.5 

52.4 

55.1 

54.4 

54.3 

55.0 

56.6 

58.4 

57.3 

56.5 

54.2 

53.0 

52.1 

50.7 

51.6 

51.9 

50.7 

48.3 

47.2 

51.3 

49.7 

47.8 

46.6 

48.8 

46.5 

47.2 

45.4 

44.4 

45.0 

47.6 

47.9 

48.5 

48.6 

49.5 

48.9 

51.7 

53.8 

54.5 

54.0 

54.7 

56.1 

57.8 

57.8 

56.7 

55.8 

54.1 

51.9 

51.8 

51.8 

52.8 

50.6 

49.4 

47.9 

49.5 

50.9 

49.3 

47.3 

46.6 

47.2 

47.2 

46.2 

45.2 

44.6 

46.1 

48.6 

48.9 

48.7 

50.2 

49.8 

50.1 

52.0 

53.6 

54.8 

54.0 

54.8 

56.4 

58.6 

57.4 

56.6 

54.9 

53.9 

51.6 

52.7 

52.9 

52.4 

50.9 

48.8 

46.1 

52.4 

50.1 

49.3 

47.3 

46.8 

47.1 

46.5 

45.0 

44.8 

44.2 

47.7 

48.9 

48.4 

47.8 

50.7 

50.0 

50.3 

52.4 

55.0 

55.0 

53.5 

54.3 

56.7 

58.2 

57.9 

56.3 

54.6 

54.1 

52.5 

52.5 

51.6 

52.2 

51.3 

50.5 

48.4 

48.8 

50.7 

49.6 

47.5 

46.7 

47.5 

46.8 

46.1 

45.1 

44.5 

45.6 

48.1 

48.4 

48.3 

49.4 

49.9 

49.7 

51.9 

53.7 

54.8 

54.0 

54.5 

56.0 

57.8 

57.9 

56.7 

55.4 

54.1 

517. Defense Department gross obigations incurred 

[Mttons of dolarsl Total for period 

1,043 

4,987 

4,484 

3,997 

3,074 

2,342 

3,125 

3,877 

3,664 

3,887 

3,554 

4,332 

4,349 

4,485 

5,783 

4,276 

5,328 

6,659 

7,212 

7,097 

6,489 

7,261 

6,951 

7,283 

7,398 

7,961 

8,442 

9,763 

10,659 

10,226 

12,399 

15,741 

20,608 

960 

5,158 

4,544 

3,889 

1,966 

2,506 

4,131 

3,192 

4,252 

3,929 

3,592 

3,752 

4,616 

4,374 

4,245 

4,599 

6,178 

6,495 

6,641 

6,860 

6,766 

6,753 

6,898 

7,362 

7,485 

8,271 

8,727 

9,873 

10,155 

10,935 

13,806 

15,560 

18,869 

1,438 

3,698 

3,980 

4,059 

2,539 

2,704 

3,424 

3,521 

3,985 

3,735 

3,483 

3,840 

4,764 

4,139 

4,563 

4,575 

6,392 

6,746 

7,013 

6,556 

6,683 

6,752 

7,267 

6,865 

7,762 

7,971 

9,033 

9,671 

10,242 

9,784 

13,722 

15,210 

20,793 

1,621 

5,011 

5,501 

2,272 

3,024 

2,271 

3,528 

3,094 

4,480 

3,842 

3,901 

3,803 

4,199 

4,390 

4,813 

4,720 

5,442 

7,439 

7,067 

6,632 

6,556 

6,990 

6,825 

7,275 

7,187 

8,438 

8,764 

9,919 

10,793 

10,683 

13,718 

15,699 

17,786 

1,609 

5,458 

5,362 

1,841 

3,070 

2,533 

4,225 

2,862 

4,271 

3,870 

3,882 

3,853 

4,099 

4,856 

4,349 

4,446 

6,821 

6,838 

7,481 

6,324 

6,491 

6,389 

6,866 

6,992 

8,166 

8,516 

8,713 

9,835 

10,094 

10,615 

12,809 

15,156 

17,503 

619 

2,479 

4,933 

6,191 

2,040 

2,563 

2,334 

3,592 

3,177 

3,931 

3,552 

4,973 

3,924 

4,925 

4,639 

5,010 

4,888 

5,963 

6,427 

7,317 

6,887 

6,793 

7,462 

7,173 

7,312 

7,983 

8,301 

9,727 

9,498 

10,327 

11,792 

12,677 

16,836 

17,669 

995 

2,905 

3,573 

5,782 

2,409 

2,597 

1,133 

4,882 

3,259 

3,634 

3,658 

3,897 

5,335 

4,312 

4,556 

4,274 

5,017 

6,687 

6,625 

7,638 

6,680 

6,357 

6,763 

7,613 

6,932 

8,279 

8,962 

7,384 

10,486 

10,278 

11,022 

13,728 

17,374 

16,448 

1,286 

2,834 

3,851 

4,520 

2,289 

3,493 

3,552 

3,502 

3,267 

3,719 

3,968 

3,869 

4,785 

4,135 

4,265 

4,308 

5,110 

5,958 

7,267 

8,244 

6,490 

6,583 

6,249 

6,824 

6,790 

8,179 

8,072 

10,015 

9,143 

10,256 

12,278 

13,552 

16,584 

18,387 

3,935 

5,114 

3,190 

2,459 

3,890 

2,703 

3,479 

3,216 

4,910 

4,118 

3,620 

4,303 

4,787 

5,442 

3,984 

5,345 

6,037 

7,258 

7,256 

6,830 

6,368 

7,333 

7,015 

7,671 

7,681 

7,889 

9,914 

10,240 

10,214 

12,081 

13,014 

12,892 

16,476 

1,268 

2,410 

11,241 

3,091 

2,545 

2,944 

2,857 

3,566 

3,718 

3,800 

3,709 

4,042 

4,096 

4,866 

4,164 

4,487 

5,225 

6,136 

6,667 

7,183 

7,150 

7,033 

6,683 

7,109 

7,315 

8,211 

7,936 

8,733 

10,353 

10,484 

11,505 

12,876 

15,674 

18,599 

1,435 

3,593 

4,136 

6,208 

1,850 

2,788 

4,320 

3,986 

3,790 

3,898 

3,208 

3,689 

4,780 

4,249 

4,277 

5,088 

5,599 

6,328 

6,815 

7,011 

6,838 

6,942 

7,432 

6,708 

6,850 

8,116 

8,084 

9,874 

10,157 

10,282 

11,997 

15,825 

19.805 

24,396 

2,980 

17,193 

14,629 

11,889 

7,135 

7,143 

10,841 

10,591 

11,750 

11,608 

10,593 

11,941 

13,438 

13,590 

14,270 

13,296 

16,995 

19,743 

20,541 

21,335 

20,161 

20,810 

21,453 

21,472 

22,410 

24,017 

25,562 

29,440 

31,351 

31,931 

38,783 

46,109 

58,838 

4,668 

14,167 

14,843 

8,172 

8,633 

7,508 

11,177 

9,477 

12,736 

11,447 

11,266 

11,496 

13,062 

13,385 

13,725 

13,741 

18,655 

21,023 

21,561 

19,512 

19,730 

20,131 

20,958 

21,132 

23,115 

24,925 

26,510 

29,425 

31,129 

31,082 

40,249 

46,065 

56,082 

2,900 

8,218 

12,357 

16,493 

6,738 

8,653 

7,019 

11,976 

9,703 

11,284 

11,178 

12,739 

14,044 

13,372 

13,460 

13,592 

15,015 

18,608 

20,319 

23,199 

20,057 

19,733 

20,474 

21,610 

21,034 

24,441 

25,335 

27,126 

29,127 

30,861 

35,092 

39,957 

50,794 

52,504 

3,692 

9,938 

20,491 

12,489 

6,854 

9,622 

9,880 

11,031 

10,724 

12,608 

11,035 

11,351 

13,179 

13,902 

13,883 

13,559 

16,169 

18,501 

20,740 

21,450 

20,818 

20,343 

21,448 

20,832 

21,836 

24,008 

23,909 

28,521 

30,750 

30,980 

35,583 

41,715 

48,371 

59,471 

25,804 

64,208 

58,454 

33,653 

34,043 

31,550 

45,025 

40,495 

48,378 

45,268 

45,949 

50,660 

53,774 

54,318 

55,146 

58,221 

72,759 

81,825 

86,751 

81,722 

79,967 

82,863 

84,853 

85,474 

93,974 

98,186 

107,719 

118,742 

124,321 

133,688 

160,704 

191,339 

226,895 

Digitized for FRASER 

116 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Year 

Monthly 

Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. 

525. Defense Department prime contract awards for work performed in the United States 

[IWons of dolars] 

Quarterly 

IS !!!_ 

IV Q 

Annual 

Total for period 

1947... 

1948... 

1949... 

1950... 

1951... 

1952... 

1953... 

1954... 

1955... 

1956... 

1957... 

1958... 

1959... 

1960... 

1961... 

1962... 

1963... 

1964... 

1965... 

1966... 

1967... 

1968... 

1969... 

1970... 

1971... 

1972... 

1973.. 

1974.. 

1975... 

1976... 

1977.. 

1978... 

1979... 

1980... 

1981... 

1982... 

3,976 

2,528 

3,682 

616 

1,049 

1,474 

1,756 

2,103 

1,625 

1,850 

1,989 

3,271 

2,429 

2,372 

2,097 

2,952 

3,364 

2,887 

3,398 

2,855 

2,508 

3,520 

2,824 

3,218 

3,731 

3,536 

3,354 

4,853 

5,771 

5,491 

7,155 

9,756 

3,493 

5,479 

2,295 

564 

1,306 

1,388 

1,927 

1,232 

1,898 

1,754 

2,186 

2,180 

2,611 

2,958 

1,846 

2,906 

3,930 

3,445 

3,441 

2,623 

2,704 

2,982 

2,899 

3,144 

4,061 

3,101 

4,369 

4,741 

4,554 

6,839 

7,514 

13,761 

3,001 

2,959 

2,381 

826 

1,028 

1,502 

1,563 

2,243 

1,966 

1,904 

1,987 

2,552 

2,463 

1,966 

2,451 

2,956 

3,034 

3,124 

2,904 

2,904 

3,104 

3,025 

2,947 

2,990 

3,168 

6,713 

4,819 

4,909 

5,903 

5,887 

7,590 

9,870 

2,892 3,760 2,759 

2,088 3,059 4,292 

2,462 2,038 2,042 

1,068 1,326 1,116 

4,097 4,241 

1,158 1,002 

2,035 1,089 

886 767 

1,468 

1,404 

2,312 

2,142 

2,204 

1,726 

2,274 

2,295 

2,023 

2,502 

2,843 

3,461 

3,026 

3,488 

2,825 

2,591 

2,928 

2,985 

2,568 

4,372 

4,023 

3,489 

4,303 

4,970 

4,688 

6,944 

8,505 

10,518 

841 

1,782 

808 

3,043 

1,893 

2,252 

1,855 

2,140 

2,413 

2,640 

2,150 

2,978 

4,040 

4,203 

3,070 

2,545 

2,231 

2,786 

3,171 

3,211 

3,814 

3,543 

4,654 

6,204 

4,825 

6,901 

7,967 

9,657 

1,287 

2,024 

1,093 

2,228 

2,222 

1,963 

2,229 

2,127 

2,366 

1,910 

2,390 

3,693 

3,566 

3,067 

2,744 

2,896 

2,324 

3,154 

2,897 

3,402 

3,680 

3,854 

4,300 

7,081 

4,144 

6,450 

7,041 

14,296 

971 

1,196 

1,619 

1,511 

2,192 

2,151 

1,993 

1,888 

2,216 

2,580 

2,313 

3,940 

3,545 

3,937 

2,896 

2,717 

2,916 

3,074 

2,024 

3,295 

3,635 

2,535 

4,624 

3,928 

5,650 

6,211 

8,845 

8,610 

1,231 

2,108 

1,310 

1,692 

1,964 

2,200 

2,143 

2,167 

2,722 

1,963 

2,775 

3,165 

3,690 

3,173 

3,001 

2,782 

3,093 

2,638 

2,962 

3,553 

4,419 

3,652 

4,623 

4,924 

4,947 

7,188 

9,504 

8,928 

2,333 

2,116 

1,004 

2,454 

597 

2,091 

1,297 

2,308 

1,793 

2,250 

2,033 

2,032 

2,635 

2,163 

2,419 

3,541 

3,720 

3,836 

2,680 

2,113 

2,982 

2,725 

3,235 

3,504 

3,102 

4,985 

4,255 

4,855 

6,232 

6,893 

9,325 

10,296 

2,823 

2,143 

959 

2,271 

1,136 

1,972 

1,594 

1,880 

1,937 

1,327 

2,494 

2,814 

2,119 

1,967 

2,790 

3,383 

3,626 

3,903 

2,987 

3,464 

2,606 

2,946 

2,992 

3,863 

2,866 

4,897 

5,279 

4,343 

5,619 

5,639 

4,466 

5,423 

3,462 

3,295 

265 

481 

1,310 

1,934 

1,819 

1,704 

2,102 

1,938 

2,308 

2,946 

1,814 

2,075 

2,995 

3,225 

3,308 

3,378 

2,734 

2,746 

3,092 

3,589 

3,347 

3,667 

3,062 

4,114 

4,247 

6,509 

6,029 

6,773 

9,817 

10,209 

3,399 

3,148 

390 

913 

2,194 

1,891 

1,671 

2,328 

1,298 

1,922 

2,491 

2,044 

2,149 

1,997 

2,988 

3,513 

3,479 

3,613 

2,765 

3,181 

3,066 

2,532 

3,292 

3,051 

3,413 

4,729 

5,332 

4,568 

5,825 

9,835 

9,049 

17,298 

10,470 

10,966 

8,358 

2,006 

3,383 

4,364 

5,246 

5,578 

5,489 

5,508 

6,162 

8,003 

7,503 

7,296 

6,394 

8,814 

10,328 

9,456 

9,743 

8,382 

8,316 

9,527 

8,670 

9,352 

10,960 

13,350 

12,542 

14,503 

16,228 

18,217 

22,259 

33,387 

9,411 

9,439 

6,542 

3,510 

3,596 

5,210 

4,213 

7,413 

6,319 

5,941 

6,358 

6,562 

6,802 

7,052 

7,383 

10,132 

10,632 

10,758 

8,639 

8,032 

7,483 

8,925 

8,636 

10,985 

11,517 

10,886 

13,257 

18,255 

13,657 

20,295 

23,513 

34,471 

10,671 

4,276 

4,128 

4,107 

2,799 

5,395 

4,226 

5,511 

5,949 

6,601 

6,169 

6,087 

7,573 

6,706 

7,507 

10,646 

10,955 

10,946 

8,577 

7,612 

8,991 

8,437 

8,221 

10,352 

11,156 

11,172 

13,502 

13,707 

16,829 

20,292 

27,674 

27,834 

9,684 

8,586 

1,614 

3,665 

4,640 

5,797 

5,084 

5,912 

5,337 

5,187 

7,293 

7,804 

6,082 

6,039 

8,773 

10,121 

10,413 

10,894 

8,486 

9,391 

8,764 

9,067 

9,631 

10,581 

9,341 

13,740 

14,858 

15,420 

17,473 

22,247 

23,332 

32,930 

40,236 

33,267 

20,642 

13,288 

14,418 

20,766 

18,769 

24,414 

23,094 

23,237 

25,982 

28,456 

27,960 

27,093 

30,057 

39,713 

42,328 

42,054 

35,445 

33,417 

33,554 

35,956 

35,158 

41,270 

42,974 

49,148 

54,159 

61,885 

64,187 

81,051 

96,778 

128,622 

543. Defense Departinentgross unpaid obif atkms outstanding 

s of dolars] End of period 

1947... 

1948... 

1949... 

1950... 

1951... 

1952.. 

1953... 

1954.. 

1955... 

1956... 

1957.. 

1958... 

1959... 

1960... 

1961... 

1962... 

1963... 

1964... 

1965... 

1966... 

1967... 

1968... 

1969... 

1970... 

1971... 

1972... 

1973... 

1974... 

1975... 

1976... 

1977... 

1978... 

1979... 

1980... 

1981... 

1982.. 

38,361 

32,254 

23,715 

26,293 

22,051 

23,663 

21,509 

22,795 

24,633 

24,531 

23,003 

23,434 

27,275 

35,350 

36,616 

39,531 

32,561 

30,181 

32,879 

34,280 

37,446 

40,052 

41,358 

49,258 

57,304 

66,702 

71,178 

82,087 

98,818 

38,587 

31,293 

23,685 

26,581 

21,957 

23,641 

21,314 

23,041 

24,506 

24,304 

23,777 

23,466 

27,621 

35,719 

37,236 

39,147 

32,041 

30,851 

32,832 

34,426 

37,673 

39,875 

41,459 

50,229 

58,401 

49,455 

71,665 

83,608 

102,677 

35,974 

30,030 

24,526 

26,129 

22,369 

23,682 

21,203 

22,931 

24,659 

24,036 

23,595 

23,698 

28,355 

35,668 

37,490 

38,472 

31,494 

30,541 

32,742 

34,976 

37,817 

40,198 

41,866 

50,761 

58,986 

67,663 

73,179 

84,883 

105,418 

34,907 

29,435 

24,536 

25,857 

22,768 

23,532 

21,042 

22,718 

24,939 

23,602 

23,557 

23,762 

29,597 

35,296 

36,914 

37,656 

30,979 

30,737 

32,976 

35,140 

38,456 

39,918 

42,494 

51,236 

59,348 

69,360 

73,912 

84,994 

108,428 

34,769 

28,405 

24,475 

25,287 

23,330 

23,656 

21,148 

22,539 

24,515 

23,126 

23,914 

24,261 

30,322 

36,683 

37,622 

36,855 

30,279 

31,098 

32,772 

35,693 

38,389 

40,086 

42,970 

52,170 

60,723 

67,783 

74,252 

85,165 

108,841 

51,118 50,051 

33,567 33,695 

26,919 25,793 

25,440 

24,762 

24,666 

24,007 

22,955 

22,707 

24,242 

22,824 

23,043 

24,651 

32,030 

37,417 

38,421 

35,445 

30,787 

29,077 

32,417 33,109 

35,877 36,188 

38,909 39,741 

40,959 41,437 

43,612 43,251 

52,625 53,383 

60,549 61,833 

67,996 68,662 

74,592 74,870 

86,126 87,968 

109,654 110,885 

new orders, defense products 

of dolars] 

49,349 

33,287 

24,076 

47,419 

33,442 

23,911 

26,463 

23,910 

22,846 

23,225 

23,210 

24,463 

23,555 

22,558 

23,257 

23,945 

24,179 

23^365 

34,154 

36,249 36,625 

39,104 39,960 

34,414 33,613 

30,221 29,938 

31,069 30,671 

33,350 33,985 

36,666 36,285 

39,621 39,894 

42,140 41,805 

42,558 43,663 

54,262 52,697 

62,028 62,730 

79,219 70,629 

75,133 76,745 

89,857 91,896 

110,787 111,857 

45,535 

33,673 

23,512 

26,168 

22,107 

23,684 

22,452 

23,022 

24,241 

24,547 

44,707 

33,716 

23,034 

26,344 

22,140 

23,755 

22,323 

23,220 

23,955 

24,831 

23,008 

26,105 

34,583 

36,993 

40,178 

33,234 

29,703 

31,546 

34,026 

36,682 

39,429 

41,845 

47,366 

54,775 

63,006 

63,757 

77,777 

91,354 

111,866 

23,042 

26,496 

34,942 

36,831 

40,127 

32,912 

30,085 

31,450 

34,255 

36,869 

39,772 

41,468 

47,385 

55,479 

63,440 

69,910 

78,183 

92,575 

113,647 

40,050 

33,186 

23,374 

26,518 

22,062 

23,755 

21,599 

22,866 

24,522 

24,430 

23,050 

23,275 

26,746 

35,064 

37,033 

39,587 

32,781 

30,077 

31,046 

34,225 

36,839 

40,137 

41,309 

48,497 

55,771 

64,470 

70,006 

79,936 

93,827 

119,788 

35,974 

30,030 

24,526 

26,129 

22,369 

23,682 

21,203 

22,931 

24,659 

24,036 

23,595 

23,698 

28,355 

35,668 

37,490 

38,472 

31,494 

30,541 

32,742 

34,976 

37,817 

40,198 

41,866 

50,761 

58,986 

67,663 

73,179 

84,883 

105,418 

51,118 

33,567 

26,919 

25,440 

24,762 

24,666 

24,007 

22,955 

22,707 

24,242 

22,824 

23,043 

24,651 

32,030 

37,417 

38,421 

35,445 

30,787 

29,077 

32,417 

35,877 

38,909 

40,959 

43,612 

52,625 

60,549 

67,996 

74,592 

86,126 

109,654 

47,419 

33,442 

23,911 

26,463 

23,555 

22,558 

23,257 

23,945 

24,179 

23,365 

34,154 

36,625 

39,960 

33,613 

29,938 

30,671 

33,985 

36,285 

39,894 

41,805 

43,663 

52,697 

62,730 

70,629 

76,745 

91,896 

111,857 

40,050 

33,186 

23,374 

26,518 

22,062 

23,755 

21,599 

22,866 

24,522 

24,430 

23,050 

23,275 

26,746 

35,064 

37,033 

39,587 

32,781 

30,077 

31,046 

34,225 

36,839 

40,137 

41,309 

48,497 

55,771 

64,470 

70,006 

79,936 

93,827 

119,788 

40,050 

33,186 

23,374 

26,518 

22,062 

23,755 

21,599 

22,866 

24,522 

24,430 

23,050 

23,275 

26,746 

35,064 

37,033 

39,587 

32,781 

30,077 

31,046 

34,225 

36,839 

40,137 

41,309 

48,497 

55,771 

64,470 

70,006 

79,936 

93,827 

119,788 

548. Manufacturers' 

I! Total for p 

1947.. 

1948.. 

1949.. 

1950... 

1951... 

1952... 

1953.. 

1954.. 

1955.. 

1956... 

1957.. 

1958... 

1959.. 

1960... 

1961.. 

1962.. 

1963... 

1964.. 

1965... 

1966... 

1967... 

1968... 

1969... 

1970... 

1971... 

1972... 

1973... 

1974... 

1975... 

1976... 

1977... 

1978... 

1979... 

1980... 

1981... 

1982... 

1,957 

2,200 

1,499 

2,050 

2,154 

1,820 

2,419 

1,561 

1,630 

2,485 

2,975 

2,379 

3,820 

4,480 

7,151 

2,206 

1,870 

1,862 

1,958 

1,668 

1,605 

2,383 

2,473 

2,223 

2,236 

2,705 

3,423 

3,742 

5,060 

6,922 

1,884 

2,463 

1,875 

1,393 

1,473 

2,067 

1,348 

2,008 

2,967 

2,486 

4,332 

2,448 

4,870 

3,785 

6,688 

2,270 

2,636 

1,689 

1,531 

1,825 

2,173 

1,847 

2,267 

2,925 

2,816 

3,126 

2,348 

4,738 

4,041 

6,204 

2,825 

2,164 

1,939 

1,451 

1,625 

1,941 

2,453 

2,122 

2,543 

2,650 

3,531 

2,862 

4,338 

5,170 

5,013 

2,962 

1,692 

1,900 

1,181 

2,193 

2,198 

1,934 

1,888 

2,462 

2,969 

3,889 

2,656 

4,946 

5,057 

5,994 

1,915 

1,668 

2,156 

1,966 

1,347 

1,682 

1,504 

2,490 

1,818 

3,123 

3,187 

3,250 

6,583 

5,317 

5,195 

2,898 

1,844 

1,769 

1,690 

1,489 

2,124 

3,612 

2,091 

2,033 

2,684 

3,392 

2,895 

4,966 

5,440 

5,656 

3,110 

1,532 

2,141 

1,659 

1,927 

1,871 

2,257 

2,682 

2,617 

2,289 

3,022 

2,994 

5,727 

5,435 

3,638 

2,523 

2,087 

1,868 

1,763 

1,536 

1,933 

1,381 

1,325 

2,823 

4,541 

4,126 

3,057 

5,104 

4,711 

5,621 

2,037 

2,129 

1,656 

1,692 

1,676 

2,494 

2,445 

2,047 

2,799 

2,752 

3,906 

2,997 

4,314 

5,269 

5,663 

2,065 

2,469 

1,796 

1,554 

2,063 

1,761 

2,034 

1,828 

3,700 

4,266 

3,547 

2,869 

5,442 

5,244 

11,207 

6,047 

6,533 

5,236 

5,401 

5,295 

5,492 

6,150 

6,042 

6,820 

7,207 

10,012 

8,250 

12,432 

13,325 

20,761 

8,057 

6,492 

5,528 

4,163 

5,643 

6,312 

6,234 

6,277 

7,930 

8,435 

10,546 

7,866 

14,022 

14,268 

17,211 

7,923 

5,044 

6,066 

5,315 

4,763 

5,677 

7,373 

7,263 

6,468 

8,096 

9,601 

9,139 

17,276 

16,192 

14,489 

6,625 

6,685 

5,320 

5,009 

5,275 

6,188 

5,860 

5,200 

9,322 

11,559 

11,579 

8,923 

14,860 

15,224 

22,491 

28,652 

24,754 

22,150 

19,888 

20,976 

23,669 

25,617 

24,782 

30,540 

35,297 

41,738 

34,178 

58,590 

59.009 

74,952 

See footnotes at end of this part 117 

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Year 

Monthly 

Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. 

Quarterly 

13 !UL IV Q Annual 

557.1 x of industrial production, defense and space 

[Index: 1967=100] 

10.0 

12.7 

12.5 

16.8 

41.1 

53.2 

63.4 

52.3 

49.2 

48.5 

50.2 

52.5 

54.0 

55.6 

56.4 

66.7 

69.8 

67.2 

76.9 

91.1 

101.2 

110.2 

102.8 

84.9 

78.1 

79.9 

81.5 

83.2 

81.2 

79.4 

82.6 

89.0 

93.8 

98.1 

103.0 

109.5 

Average for period 

1947 10.6 

1948 10.8 

1949 13.0 

1950 11.9 

1951 23.3 

1952 47.0 

1953 58.7 

1954 58.0 

1955 50.4 

1956 48.5 

1957 51.9 

1958 47.6 

1959 53.2 

1960 54.7 

1961 55.0 

1962 60.9 

1963 71.0 

1964 69.0 

1965 69.6 

1966 81.1 

1967 96.8 

1968 106.5 

1969 107.1 

1970 97.1 

1971 82.0 

1972 78.2 

1973 81.0 

1974 81.9 

1975 82.1 

1976 81.0 

1977 80.6 

1978 82.6 

1979 92.3 

1980 97.2 

1981 100.9 

1982 105.2 

1947 

1948 

1949 

1950 

1951 

1952 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1968 7,078 

1969 7,684 

1970 7,507 

1971 4,752 

1972 4,012 

1973 4,225 

1974 4,520 

1975 4,972 

1976 5,699 

1977 6,546 

1978 6,117 

1979 6,641 

1980 8,545 

1981 11,113 

1982 13,676 

1947 

1948 

1949 

1950 

1951 

1952 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1968 22,797 

1969 23,526 

1970 20,949 

1971 19,572 

1972 19,541 

1973 19,828 

1974 22,667 

1975 25,957 

1976 27,611 

1977 31,920 

1978 37,674 

1979 47,532 

1980 49,908 

1981 67,999 

1982 81,144 

10.5 

11.3 

13.0 

11.9 

26.9 

47.5 

59.9 

57.6 

50.4 

48.1 

52.2 

47.9 

52.7 

55.0 

54.6 

61.9 

70.5 

68.4 

70.4 

82.3 

97.2 

108.4 

106.3 

95.5 

79.8 

79.4 

81.7 

81.6 

79.9 

80.6 

80.9 

80.8 

92.4 

97.6 

100.5 

106.5 

10.3 

11.5 

12.9 

12.0 

30.6 

47.6 

61.1 

56.8 

50.1 

47.1 

52.1 

48.9 

52.9 

55.3 

54.5 

62.7 

70.1 

68.3 

71.6 

83.0 

97.8 

107.3 

106.9 

93.7 

79.3 

79.4 

81.2 

81.8 

79.7 

80.0 

80.8 

83.9 

93.0 

97.4 

100.7 

107.0 

10.4 

11.8 

12.7 

12.3 

33.5 

48.2 

61.9 

55.8 

50.0 

47.4 

52.3 

49.7 

53.2 

54.9 

54.6 

63.3 

70.0 

68.1 

72.5 

84.8 

98.3 

105.9 

106.3 

91.7 

79.3 

79.7 

80.8 

81.1 

80.2 

79.1 

81.9 

84.9 

92.1 

97.6 

101.5 

107.2 

10.2 

11.5 

12.9 

12.7 

34.6 

49.7 

63.0 

55.0 

50.0 

47.5 

51.5 

50.2 

53.7 

55.5 

54.6 

63.7 

70.0 

66.9 

74.1 

86.3 

98.5 

108.2 

106.1 

89.8 

80.3 

79.6 

80.9 

82.7 

80.9 

79.2 

81.7 

84.9 

92.4 

97.4 

102.0 

107.7 

10.1 

11.9 

13.0 

13.2 

36.4 

51.3 

63.4 

54.1 

49.5 

47.5 

51.8 

51.6 

53.8 

54.1 

54.6 

64.4 

69.9 

66.5 

75.0 

87.6 

98.2 

109.5 

104.8 

88.2 

78.8 

80.3 

81.2 

82.1 

81.6 

78.7 

81.8 

85.6 

92.2 

97.7 

101.7 

107.6 

10.1 

12.2 

12.9 

13.9 

38.5 

51.6 

63.9 

53.9 

49.5 

47.5 

51.2 

51.7 

54.0 

55.5 

55.0 

65.6 

69.3 

66.4 

76.2 

88.8 

99.1 

109.7 

104.5 

86.8 

78.3 

80.2 

81.8 

82.6 

81.0 

78.7 

82.0 

87.5 

92.9 

97.9 

102.6 

109.5 

10.0 

12.4 

12.7 

15.2 

39.8 

52.4 

63.4 

52.8 

49.1 

48.1 

51.3 

52.2 

53.7 

55.7 

55.3 

66.5 

69.5 

66.7 

76.8 

90.0 

100.0 

110.3 

103.1 

85.8 

78.3 

80.1 

80.7 

83.0 

80.6 

79.6 

82.0 

87.9 

91.9 

97.7 

102.8 

109.5 

10.4 

12.9 

12.2 

18.1 

42.8 

55.0 

62.7 

51.8 

49.0 

49.8 

49.0 

52.5 

53.9 

55.1 

57.7 

66.9 

69.8 

67.6 

77.9 

92.5 

103.0 

107.2 

101.7 

83.6 

77.7 

79.8 

81.7 

83.7 

78.5 

80.4 

79.6 

89.3 

95.4 

99.2 

104.5 

111.9 

10.5 

13.2 

12.1 

19.4 

45.3 

56.1 

58.7 

51.5 

49.0 

50.6 

47.4 

52.9 

53.9 

55.3 

59.1 

67.6 

69.5 

68.3 

78.6 

94.2 

104.4 

108.0 

99.9 

82.9 

77.6 

80.9 

81.8 

83.2 

77.3 

80.2 

79.9 

90.3 

96.4 

100.3 

105.3 

113.6 

10.7 

13.2 

12.0 

21.0 

46.2 

57.8 

59.2 

50.7 

49.1 

51.7 

47.0 

53.0 

54.3 

54.4 

60.2 

67.9 

69.7 

68.8 

79.4 

95.2 

105.6 

107.2 

98.6 

81.9 

76.9 

81.2 

82.2 

82.4 

77.7 

80.0 

81.6 

91.4 

96.7 

101.0 

107.0 

115.9 

10.5 

11.2 

13.0 

11.9 

26.9 

47.4 

59.9 

57.5 

50.3 

47.9 

52.1 

48.1 

52.9 

55.0 

54.7 

61.8 

70.5 

68.6 

70.5 

82.1 

97.3 

107.4 

106.8 

95.4 

80.4 

79.0 

81.3 

81.8 

80.6 

80.5 

80.8 

82.4 

92.6 

97.4 

100.7 

106.2 

10.2 

11.7 

12.9 

12.7 

34.8 

49.7 

62.8 

55.0 

49.8 

47.5 

51.9 

50.5 

53.6 

54.8 

54.6 

63.8 

70.0 

67.2 

73.9 

86.2 

98.3 

107.9 

105.7 

89.9 

79.5 

79.9 

81.0 

82.0 

80.9 

79.0 

81.8 

85.1 

92.2 

97.6 

101.7 

107.5 

10.0 

12.4 

12.7 

15.3 

39.8 

52.4 

63.6 

53.0 

49.3 

48.0 

50.9 

52.1 

53.9 

55.6 

55.6 

66.3 

69.5 

66.8 

76.6 

90.0 

100.1 

110.1 

103.5 

85.8 

78.2 

80.1 

81.3 

82.9 

80.9 

79.2 

82.2 

88.1 

92.9 

97.9 

102.8 

109.5 

10.5 

13.1 

12.1 

19.5 

44.8 

56.3 

60.2 

51.3 

49.0 

50.7 

47.8 

52.8 

54.0 

54.9 

59.0 

67.5 

69.7 

68.2 

78.6 

94.0 

104.3 

107.5 

100.1 

82.8 

77.4 

80.6 

81.9 

83.1 

77.8 

80.2 

80.4 

90.3 

96.2 

100.2 

105.6 

113.8 

10.3 

12.1 

12.7 

14.9 

36.6 

51.4 

61.6 

54.2 

49.7 

48.5 

50.7 

50.9 

53.7 

55.1 

56.0 

64.9 

69.9 

67.7 

74.9 

88.1 

100.0 

108.2 

104.0 

88.5 

78.8 

79.9 

81.4 

82.4 

80.0 

79.8 

81.3 

86.5 

93.4 

98.2 

102.7 

109.3 

559. Manufacturers' inventories, defense products, book value 

[MBons of dotors] End of period 

7,058 

7,811 

7,113 

4,610 

4,039 

4,234 

4,576 

5,034 

5,771 

6,465 

6,225 

6,709 

8,579 

11,318 

13,864 

6,991 

7,934 

6,999 

4,565 

4,113 

4,256 

4,638 

5,076 

5,993 

6,277 

6,186 

6,746 

8,915 

11,547 

14,059 

7,159 

7,709 

6,778 

4,590 

4,080 

4,550 

4,645 

5,136 

6,068 

6,205 

6,256 

6,746 

9,119 

11,823 

14,209 

7,178 

7,687 

6,590 

4,475 

4,078 

4,441 

4,672 

5,205 

6,126 

6,163 

6,322 

6,965 

9,289 

11,959 

14,276 

7,423 

7,823 

6,361 

4,012 

4,114 

4,471 

4,707 

5,304 

6,272 

6,201 

6,283 

7,119 

9,424 

12,352 

14,431 

7,135 

8,027 

6,267 

3,916 

4,110 

4,428 

4,776 

5,414 

6,346 

6,175 

6,348 

7,198 

9,740 

12,417 

14,437 

7,332 

7,986 

6,048 

3,744 

4,176 

4,454 

4,850 

5,435 

6,365 

6,224 

6,353 

7,348 

10,063 

12,457 

14,700 

7,431 

7,948 

5,761 

3,849 

4,208 

4,464 

4,872 

5,577 

6,458 

6,192 

6,315 

7,659 

10,117 

12,747 

15,039 

7,397 

7,907 

5,394 

3,889 

4,263 

4,427 

4,888 

5,653 

6,535 

5,994 

6,381 

7,907 

10,374 

12,857 

15,334 

7,394 

7,814 

5,231 

3,923 

4,280 

4,423 

4,884 

5,693 

6,665 

6,037 

6,330 

8,216 

10,478 

13,227 

15,568 

7,556 

7,713 

4,999 

4,051 

4,253 

4,482 

4,920 

5,737 

6,458 

6,094 

6,445 

8,377 

10.684 

13,386 

15,983 

6,991 

7,934 

6,999 

4,565 

4,113 

4,256 

4,638 

5,076 

5,993 

6,277 

6,186 

6,746 

8,915 

11.547 

14,059 

7,423 

7,823 

6,361 

4,012 

4,114 

4,471 

4,707 

5,304 

6,272 

6,201 

6,283 

7,119 

9,424 

12,352 

14,431 

7,431 

7,948 

5,761 

3,849 

4,208 

4,464 

4,872 

5,577 

6,458 

6,192 

6,315 

7,659 

10,117 

12,747 

15,039 

7,556 

7,713 

4,999 

4,051 

4,253 

4,482 

4,920 

5,737 

6,458 

6,094 

6,445 

8,377 

10,684 

13,386 

15,983 

7,556 

7,713 

4,999 

4,051 

4,253 

4,482 

4,920 

5,737 

6,458 

6,094 

6,445 

8,377 

10,684 

13,386 

15,983 

561. Manufacturers' untied orders, defense products 

[MBons of doiars] End of period 

22,495 

23,096 

20,769 

19,774 

19,632 

19,770 

23,331 

26,536 

27,703 

31,633 

37,819 

48,403 

50,543 

69,269 

83,719 

21,954 

23,261 

20,573 

19,449 

19,518 

20,126 

22,935 

26,644 

28,538 

31,704 

39,568 

48.118 

52,295 

69.109 

85.990 

21,935 

23,520 

20,152 

19,331 

19,692 

20,573 

23,005 

26,984 

29,295 

32,111 

40,035 

47,846 

53.793 

69.265 

87,917 

22,414 

23,430 

20,055 

19,048 

19,684 

20,740 

23,736 

27,292 

29.630 

32,258 

40,960 

48,092 

54,801 

70.594 

88.258 

23,158 

22,969 

19,912 

18,158 

20,273 

21,189 

23,869 

27,298 

29.993 

32.745 

42,266 

48,004 

56.428 

71.692 

89.371 

22,516 

22,430 

20,098 

18,471 

19,835 

20,887 

23,630 

27,935 

29.619 

33.255 

42.902 

48.591 

59,573 

72,912 

89.708 

23,250 

21,972 

19,819 

18,429 

19,575 

21,136 

25.522 

28,030 

29,378 

33,468 

43,701 

48.654 

61,164 

74,129 

90,598 

24,119 

21,333 

19,959 

18,602 

19,743 

21,183 

25,959 

28,880 

29,787 

33,223 

44,090 

48,949 

63,225 

75,490 

89,255 

24,304 

21,301 

19,776 

18,826 

19,519 

21,264 

25,512 

28,173 

30,264 

35,252 

45,545 

49,149 

64,651 

76,042 

89,866 

24,053 

21,210 

19,497 

18.911 

19.405 

21.953 

26,173 

28,173 

30,743 

35,438 

46,899 

49,198 

65,272 

77,133 

90,561 

23,741 

21,446 

19,388 

18,956 

19,696 

21,966 

26.271 

28,084 

31.969 

37,199 

47,756 

49,034 

67,132 

78,076 

96,691 

21,954 

23,261 

20,573 

19,449 

19,518 

20,126 

22,935 

26,644 

28,538 

31,704 

39.568 

48.118 

52,295 

69,109 

85,990 

23,158 

22,969 

19,912 

18,158 

20,273 

21,189 

23,869 

27,298 

29,993 

32,745 

42,266 

48,004 

56,428 

71,692 

89,371 

24,119 

21,333 

19,959 

18,602 

19,743 

21.183 

25.959 

28.880 

29.787 

33,223 

44,090 

48,949 

63.225 

75,490 

89,255 

23,741 

21,446 

19,388 

18,956 

19,6% 

21,966 

26,271 

28,084 

31.969 

37,199 

47,756 

49,034 

67,132 

78,076 

96,691 

23,741 

21,446 

19,388 

18,956 

19,6% 

21,966 

26,271 

28,084 

31.969 

37.199 

47.756 

49.034 

67,132 

78,076 

96.691 

118 

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Year 

Monthly Quarterly 

Jan. Feb. Mar. Apr. May June July 

570. Employment, defense products industries 

[Thousands] 

Aug. Sept. Oct. Nov. Dec. .US !UL IV Q 

Annual 

Average for period 

1947 

1948 

1949 

1950 

1951 

1952 

1953 

1954 

1955 

1956 

1957 

1958 1,218 

1959 1,249 

1960 1,250 

1961 1,235 

1962 1,303 

1963 1,369 

1964 1,307 

1965 1,228 

1966 1,357 

1967 1,588 

1968 1,719 

1969 1,691 

1970 1,546 

1971 1,262 

1972 1,109 

1973 1,154 

1974 1,179 

1975 1,185 

1976 1,096 

1977 1,069 

1978 1,120 

1979 1,242 

1980 1,346 

1981 1,391 

1982 1,386 

1947 

1948 1,400 

1949 1,668 

1950 1,511 

1951 2,620 

1952 3,562 

1953 3,513 

1954 3,381 

1955 3,203 

1956 2,879 

1957 2,787 

1958 2,613 

1959 2,561 

1960 2,491 

1961 2,503 

1962 2,849 

1963 2,677 

1964 2,687 

1965 2,663 

1966 2,902 

1967 3,357 

1968 3,427 

1969 3,418 

1970 3,255 

1971 2,861 

1972 2,462 

1973 2,334 

1974 2,199 

1975 2,145 

1976 2,092 

1977 2,077 

1978 2,065 

1979 2,040 

1980 2,029 

1981 2,056 

1982 2,104 

1947 

1948 

1949 

1950 750 

1951 1,047 

1952 1,290 

1953 1,426 

1954 1,241 

1955 1,183 

1956 1,165 

1957 1,174 

1958 1,083 

1959 1,084 

1960 1,048 

1961 1,033 

1962 1,060 

1963 1,064 

1964 1,042 

1965 1,017 

1966 1,063 

1967 1,246 

1968 1,267 

1969 1,315 

1970 1,252 

1971 1,146 

1972 1,119 

1973 1,073 

1974 1,034 

1975 1,038 

1976 1,023 

1977 994 

1978 982 

1979 972 

1980 964 

1981 973 

1982 1,008 

1,211 

1,254 

1,246 

1,240 

1,316 

1,366 

1,294 

1,224 

1,382 

1,614 

1,723 

1,672 

1,521 

1,238 

1,115 

1,155 

1,179 

1,153 

1,092 

1,074 

1,125 

1,262 

1,352 

1,388 

1,380 

1,210 

1,255 

1,244 

1,244 

1,326 

1,354 

1,285 

1,230 

1,406 

1,630 

1,719 

1,688 

1,503 

1,213 

1,117 

1,157 

1,182 

1,156 

1,093 

1,069 

1,138 

1,278 

1,358 

1,390 

1,377 

1,212 

1,259 

1,240 

1,248 

1,330 

1,350 

1,278 

1,237 

1,430 

1,645 

1,713 

1,686 

1,472 

1,190 

1,123 

1,160 

1,185 

1,138 

1,087 

1,085 

1,143 

1,282 

1,360 

1,393 

1,376 

1,210 

1,267 

1,233 

1,255 

1,340 

1,347 

1,266 

1,247 

1,457 

1,650 

1,713 

1,682 

1,441 

1,179 

1,125 

1,165 

1,187 

1,152 

1,084 

1,088 

1,162 

1,287 

1,364 

1,393 

1,372 

1,222 

1,271 

1,201 

1,257 

1,350 

1,345 

1,258 

1,254 

1,478 

1,662 

1,718 

1,658 

1,421 

1,167 

1,124 

1,169 

1,189 

1,139 

1,071 

1,098 

1,173 

1,296 

1,365 

1,395 

1,371 

1,224 

1,280 

1,213 

1,259 

1,361 

1,337 

1,246 

1,267 

1,502 

1,668 

1,717 

1,659 

1,400 

1,150 

1,124 

1,171 

1,193 

1,129 

1,059 

1,109 

1,184 

1,305 

1,367 

1,394 

1,372 

1,229 

1,277 

1,228 

1,255 

1,369 

1,332 

1,235 

1,276 

1,525 

1,675 

1,725 

1,643 

1,373 

1,147 

1,127 

1,175 

1,152 

1,123 

1,069 

1,103 

1,193 

1,306 

1,373 

1,397 

1,364 

1,233 

1,274 

1,224 

1,262 

1,369 

1,328 

1,236 

1,289 

1,537 

1,686 

1,708 

1,627 

1,353 

1,141 

1,136 

1,171 

1,188 

1,114 

1,069 

1,103 

1,195 

1,317 

1,377 

1,397 

1,366 

1,239 

1,266 

1,218 

1,274 

1,370 

1,328 

1,232 

1,300 

1,554 

1,699 

1,691 

1,613 

1,321 

1,132 

1,134 

1,172 

1,197 

1,103 

1,065 

1,066 

1,207 

1,328 

1,382 

1,392 

1,363 

1,246 

1,259 

1,230 

1,283 

1,371 

1,317 

1,231 

1,315 

1,573 

1,709 

1,701 

1,580 

1,299 

1,123 

1,144 

1,176 

1,193 

1,089 

1,063 

1,068 

1,219 

1,340 

1,386 

1,385 

1,363 

1,249 

1,256 

1,232 

1,292 

1,371 

1,318 

1,228 

1,331 

1,579 

1,718 

1,703 

1,565 

1,281 

1,114 

1,152 

1,176 

1,180 

1,089 

1,068 

1,093 

1,236 

1,346 

1,388 

1,390 

1,359 

1,213 

1,253 

1,247 

1,240 

1,315 

1,363 

1,295 

1,227 

1,382 

1,611 

1,720 

1,684 

1,523 

1,238 

1,114 

1,155 

1,180 

1,165 

1,094 

1,071 

1,128 

1,261 

1,352 

1,390 

1,381 

1,215 

1,266 

1,225 

1,253 

1,340 

1,347 

1,267 

1,246 

1,455 

1,652 

1,715 

1,675 

1,445 

1,179 

1,124 

1,165 

1,187 

1,143 

1,081 

1,090 

1,159 

1,288 

1,363 

1,394 

1,373 

1,229 

1,277 

1,222 

1,259 

1,366 

1,332 

1,239 

1,277 

1,521 

1,676 

1,717 

1,643 

1,375 

1,146 

1,129 

1,172 

1,178 

1,122 

1,066 

1,105 

1,191 

1,309 

1,372 

1,396 

1,367 

1,245 

1,260 

1,227 

1,283 

1,371 

1,321 

1,230 

1,315 

1,569 

1,709 

1,698 

1,586 

1,300 

1,123 

1,143 

1,175 

1,190 

1,094 

1,065 

1,076 

1,221 

1,338 

1,385 

1,389 

1,362 

1,225 

1,264 

1,230 

1,259 

1,348 

1,341 

1,258 

1,266 

1,482 

1,662 

1,712 

1,647 

1,411 

1,171 

1,128 

1,167 

1,184 

1,131 

1,076 

1,085 

1,175 

1,299 

1,368 

1,392 

1,371 

577. Defense Department mitary personnel on active duty 0 

[Thousands] End of period 

1,404 

1,662 

1,488 

2,794 

3,643 

3,510 

3,359 

3,160 

2,864 

2,788 

2,618 

2,550 

2,487 

2,498 

2,849 

2,684 

2,696 

2,652 

2,937 

3,368 

3,440 

3,432 

3,220 

2,840 

2,426 

2,314 

2,195 

2,146 

2,093 

2,078 

2,062 

2,030 

2,032 

2,061 

2,109 

1,399 

1,647 

1,474 

2,962 

3,675 

3,518 

3,342 

3,105 

2,850 

2,792 

2,623 

2,538 

2,478 

2,490 

2,840 

2,691 

2,693 

2,647 

2,969 

3,371 

3,467 

3,452 

3,173 

2,802 

2,385 

2,291 

2,187 

2,137 

2,090 

2,075 

2,058 

2,026 

2,033 

2,062 

2,107 

1,403 

1,630 

1,466 

3,075 

3,685 

3,524 

3,326 

3,036 

2,836 

2,792 

2,608 

2,518 

2,472 

2,483 

2,829 

2,693 

2,694 

2,645 

3,004 

3,371 

3,494 

3,465 

3,116 

2,770 

2,341 

2,274 

2,174 

2,127 

2,087 

2,071 

2,054 

2,022 

2,028 

2,060 

2,106 

1,421 

1,619 

1,459 

3,170 

3,660 

3,543 

3,312 

2,969 

2,813 

2,790 

2,600 

2,506 

2,465 

2,473 

2,808 

2,692 

2,690 

2,641 

3,056 

3,368 

3,518 

3,459 

3,084 

2,737 

2,319 

2,256 

2,156 

2,124 

2,081 

2,070 

2,046 

2,018 

2,031 

2,064 

2,104 

1,446 

1,615 

1,460 

3,249 

3,636 

3,555 

3,302 

2,935 

2,806 

2,796 

2,601 

2,504 

2,476 

2,484 

2,808 

2,700 

2,687 

2,655 

3,094 

3,377 

3,547 

3,460 

3,066 

2,715 

2,323 

2,253 

2,162 

2,128 

2,082 

2,075 

2,057 

2,024 

2,034 

2,070 

2,108 

1,496 

1,617 

1,498 

3,313 

3,637 

3,558 

3,302 

2,940 

2,810 

2,808 

2,604 

2,506 

2,480 

2,497 

2,807 

2,703 

2,696 

2,669 

3,136 

3,382 

3,545 

3,458 

3,045 

2,685 

2,332 

2,251 

2,162 

2,129 

2,087 

2,079 

2,062 

2,027 

2,044 

2,082 

2,110 

1,531 

1,608 

1,628 

3,346 

3,619 

3,548 

3,289 

2,945 

2,798 

2,789 

2,605 

2,500 

2,485 

2,514 

2,684 

2,702 

2,693 

2,686 

3,184 

3,393 

3,526 

3,459 

3,020 

2,657 

2,344 

2,237 

2,153 

2,111 

2,085 

2,073 

2,062 

2,024 

2,049 

2,084 

2,109 

1,568 

1,593 

1,889 

3,376 

3,583 

3,509 

3,280 

2,931 

2,795 

2,758 

2,598 

2,492 

2,492 

2,553 

2,688 

2,695 

2,690 

2,724 

3,229 

3,412 

3,490 

3,449 

2,984 

2,627 

2,356 

2,232 

2,157 

2,105 

2,084 

2,075 

2,062 

2,027 

2,051 

2,083 

2,109 

1,592 

1,584 

2,117 

3,418 

3,559 

3,482 

3,257 

2,923 

2,801 

2,699 

2,597 

2,495 

2,501 

2,725 

2,702 

2,693 

2,680 

2,761 

3,287 

3,416 

3,454 

3,387 

2,946 

2,608 

2,371 

2,227 

2,156 

2,097 

2,086 

2,072 

2,058 

2,030 

2,053 

2,090 

2,108 

1,610 

1,579 

2,261 

3,462 

3,534 

3,458 

3,233 

2,916 

2,798 

2,659 

2,590 

2,501 

2,500 

2,781 

2,687 

2,694 

2,678 

2,803 

3,326 

3,412 

3,433 

3,351 

2,917 

2,579 

2,370 

2,218 

2,154 

2,099 

2,082 

2,069 

2,050 

2,029 

2,056 

2,097 

2,114 

1,626 

1,551 

2,357 

3,465 

3,507 

3,403 

3,181 

2,887 

2,781 

2,617 

2,566 

2,487 

2,494 

2,811 

2,668 

2,676 

2,663 

2,857 

3,334 

3,398 

3,408 

3,298 

2,874 

2,519 

2,348 

2,202 

2,140 

2,084 

2,072 

2,060 

2,041 

2,020 

2,051 

2,093 

2,113 

1,399 

1,647 

1,474 

2,962 

3,675 

3,518 

3,342 

3,105 

2,850 

2,792 

2,623 

2,538 

2,478 

2,490 

2,840 

2,691 

2,693 

2,647 

2,969 

3,371 

3,467 

3,452 

3,173 

2,802 

2,385 

2,291 

2,187 

2,137 

2,090 

2,075 

2,058 

2,026 

2,033 

2,062 

2,107 

1,446 

1,615 

1,460 

3,249 

3,636 

3,555 

3,302 

2,935 

2,806 

2,796 

2,601 

2,504 

2,476 

2,484 

2,808 

2,700 

2,687 

2,655 

3,094 

3,377 

3,547 

3,460 

3,066 

2,715 

2,323 

2,253 

2,162 

2,128 

2,082 

2,075 

2,057 

2,024 

2,034 

2,070 

2,108 

1,568 

1,593 

1,889 

3,376 

3,583 

3,509 

3,280 

2,931 

2,795 

2,758 

2,598 

2,492 

2,492 

2,553 

2,688 

2,695 

2,690 

2,724 

3,229 

3,412 

3,490 

3,449 

2,984 

2,627 

2,356 

2,232 

2,157 

2,105 

2,084 

2,075 

2,062 

2,027 

2,051 

2,083 

2,109 

1,626 

1,551 

2,357 

3,465 

3,507 

3,403 

3,181 

2,887 

2,781 

2,617 

2,566 

2,487 

2,494 

2,811 

2,668 

2,676 

2,663 

2,857 

3,334 

3,398 

3,408 

3,298 

2,874 

2,519 

2,348 

2,202 

2,140 

2,084 

2,072 

2,060 

2,041 

2,020 

2,051 

2,093 

2,113 

1,626 

1,551 

2,357 

3,465 

3,507 

3,403 

3,181 

2,887 

2,781 

2,617 

2,566 

2,487 

2,494 

2,811 

2,668 

2,676 

2,663 

2,857 

3,334 

3,398 

3,408 

3,298 

2,874 

2,519 

2,348 

2,202 

2,140 

2,084 

2,072 

2,060 

2,041 

2,020 

2,051 

2,093 

2,113 

578. Defense Department ctvian personnel, direct hire 

[Thousands] End of period 

744 

1,100 

1,296 

1,410 

1,232 

1,182 

1,165 

1,172 

1,084 

1,078 

1,047 

1,034 

1,061 

1,061 

1,040 

1,018 

1,072 

1,260 

1,265 

1,316 

1,240 

1,143 

1,117 

1,057 

1,039 

1,036 

1,019 

995 

982 

971 

965 

972 

1,013 

743 

1,150 

1,300 

1,390 

1,224 

1,181 

1,165 

1,168 

1,084 

1,076 

1,046 

1,035 

1,061 

1,056 

1,039 

1,018 

1,088 

1,268 

1,266 

1,317 

1,224 

1,142 

1,112 

1,051 

1,042 

1,034 

1,016 

995 

982 

968 

966 

974 

1,018 

745 

1,182 

1,307 

1,365 

1,219 

1,182 

1,168 

1,165 

1,088 

1,075 

1,043 

1,038 

1,063 

1,056 

1,039 

1,022 

1,101 

1,273 

1,267 

1,316 

1,218 

1,141 

1,107 

1,051 

1,046 

1,034 

1,011 

995 

982 

968 

969 

980 

1,022 

754 

1,208 

1,315 

1,342 

1,212 

1,185 

1,171 

1,160 

1,089 

1,074 

1,044 

1,041 

1,066 

1,054 

1,036 

1,027 

1,111 

1,274 

1,271 

1,312 

1,213 

1,136 

1,090 

1,051 

1,053 

1,035 

1,010 

997 

988 

972 

975 

990 

1,028 

753 

1,235 

1,337 

1,332 

1,209 

1,187 

1,179 

1,161 

1,097 

1,078 

1,047 

1,042 

1,070 

1,050 

1,030 

1,034 

1,138 

1,303 

1,317 

1,342 

1,194 

1,127 

1,083 

1,031 

1,070 

1,042 

1,010 

1,009 

1,000 

979 

988 

1,008 

1,045 

779 

1,249 

1,339 

1,320 

1,202 

1,186 

1,184 

1,160 

1,098 

1,078 

1,043 

1,043 

1,072 

1,052 

1,031 

1,046 

1,166 

1,311 

1,334 

1,348 

1,184 

1,129 

1,068 

1,019 

1,074 

1,052 

1,014 

1,008 

1,002 

982 

990 

1,023 

1,051 

859 

1,258 

1,334 

1,308 

1,193 

1,187 

1,187 

1,154 

1,097 

1,071 

1,045 

1,052 

1,076 

1,053 

1,034 

1,055 

1,187 

1,306 

1,316 

1,327 

1,177 

1,132 

1,073 

1,022 

1,064 

1,038 

1,006 

998 

994 

974 

973 

1,017 

1,043 

904 

1,261 

1,328 

1,288 

1,180 

1,180 

1,180 

1,130 

1,093 

1,064 

1,037 

1,052 

1,067 

1,046 

1,026 

1,045 

1,184 

1,274 

1,276 

1,296 

1,169 

1,130 

1,071 

1,019 

1,049 

1,030 

997 

982 

980 

960 

971 

984 

990 

941 

1,270 

1,329 

1,278 

1,177 

1,181 

1,183 

1,105 

1,094 

1,060 

1,035 

1,058 

1,069 

1,045 

1,024 

1,052 

1,200 

1,277 

1,275 

1,285 

1,162 

1,128 

1,081 

1,022 

1,046 

1,031 

995 

983 

981 

964 

971 

998 

1,016 

967 

1,274 

1,330 

1,253 

1,181 

1,179 

1,179 

1,093 

1,092 

1,056 

1,033 

1,060 

1,070 

1,044 

1,023 

1,060 

1,222 

1,277 

1,275 

1,272 

1,158 

1,125 

1,083 

1,026 

1,046 

1,029 

996 

985 

981 

967 

972 

1,006 

1,024 

1,278 

1,330 

1,248 

1,180 

1,167 

1,176 

1,085 

1,088 

1,052 

1,032 

1,059 

1,066 

1,043 

1,019 

1,057 

1,230 

1,271 

1,273 

1,262 

1,152 

1,122 

1,082 

1,026 

1,043 

1,028 

995 

983 

978 

967 

973 

1,009 

1,027 

743 

1,150 

1,300 

1,390 

1,224 

1,181 

1,165 

1,168 

1,084 

1,076 

1,046 

1,035 

1,061 

1,056 

1,039 

1,018 

1,088 

1,268 

1,266 

1,317 

1,224 

1,142 

1,112 

1,051 

1,042 

1,034 

1,016 

995 

982 

968 

966 

974 

1,018 

753 

1,235 

1,337 

1,332 

1,209 

1,187 

1,179 

1,161 

1,097 

1,078 

1,047 

1,042 

1,070 

1,050 

1,030 

1,034 

1,138 

1,303 

1,317 

1,342 

1,194 

1,127 

1,083 

1,031 

1,070 

1,042 

1,010 

1,009 

1,000 

979 

988 

1,008 

1,045 

904 

1,261 

1,328 

1,288 

1,180 

1,180 

1,180 

1,130 

1,093 

1,064 

1,037 

1,052 

1,067 

1,046 

1,026 

1,045 

1,184 

1,274 

1,276 

1,296 

1,169 

1,130 

1,071 

1,019 

1,049 

1,030 

997 

960 

971 

984 

990 

1,278 

1,330 

1,248 

1,180 

1,167 

1,176 

1,085 

1,088 

1,052 

1,032 

1,059 

1,066 

1,043 

1,019 

1,057 

1,230 

1,271 

1,273 

1,262 

1,152 

1,122 

1,082 

1,026 

1,043 

1,028 

995 

983 

978 

967 

973 

1,009 

1,027 

1,278 

1,330 

1,248 

1,180 

1,167 

1,176 

1,085 

1,088 

1,052 

1,032 

1,059 

1,066 

1,043 

1,019 

1,057 

1,230 

1,271 

1,273 

1,262 

1,152 

1,122 

1,082 

1,026 

1,043 

1,028 

995 

983 

978 

967 

973 

1,009 

1,027 

See footnotes at end of this part. 119 

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Year Jan. Feb. Mar. Apr. May 

Monthly 

June July Aug. Sept. Oct. Nov. Dec. 

Quarterly 

_LS !!L IV Q 

Annual 

580. Defense Department net outlays, mitary functions and mitary assistance 

[Mams of dolars] Total for period 

1947 

1948 

1949 

1950 1,015 

1951 1,630 

1952 3,460 

1953 3,861 

1954 3,600 

1955 3,172 

1956 3,077 

1957 3,508 

1958 3,363 

1959 3,590 

1960 3,586 

1961 3,672 

1962 4,068 

1963 4,253 

1964 4,054 

1965 3,992 

1966 4,634 

1967 6,028 

1968 6,794 

1969 6,471 

1970 6,495 

1971 6,201 

1972 6,280 

1973 6,256 

1974 6,827 

1975 7,150 

1976 7,175 

1977 7,476 

1978 8,493 

1979 9,404 

1980 10,900 

1981 12,639 

1982 14,152 

1947 

1948 

1949 

1950 

1951 

1952 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1968 2,392 

1969 2,415 

1970 1,997 

1971 1,866 

1972 1,569 

1973 1,687 

1974 1,717 

1975 1,875 

1976 2,104 

1977 2,534 

1978 2,500 

1979 2,603 

1980 2,946 

1981 3,613 

1982 4,083 

1947 :. 

1948 1,110 

1949 1,190 

1950 795 

1951 970 

1952 1,250 

1953 1,041 

1954 962 

1955 1,168 

1956 1,289 

1957 1,653 

1958 1,423 

1959 1,314 

1960 1,534 

1951 1,622 

1962 1,667 

1963 987 

1964 2,052 

1965 1,228 

1966 2,298 

1967 2,639 

1968 2,814 

1969 2,161 

1870 3,406 

1971 3,601 

1972 4,074 

1973 4,955 

1974 7,171 

1975 9,498 

1976 9,113 

1977 9,677 

1978 9,868 

1979 13,281 

1980 17,419 

1981 18,902 

1982 18,584 

998 

1,783 

3,412 

4,022 

3,643 

3,046 

3,059 

3,580 

3,475 

3,552 

3,537 

3,759 

4,096 

4,177 

4,258 

3,899 

4,618 

6,021 

6,346 

6,714 

6,485 

6,162 

6,205 

6,377 

6,625 

7,503 

6,908 

8,017 

8,271 

9,466 

10,652 

12,932 

14,689 

950 

1,975 

3,613 

4,107 

3,369 

3,149 

3,004 

3,601 

3,435 

3,588 

3,513 

3,800 

4,179 

3,322 

4,001 

3,961 

4,900 

6,091 

6,025 

6,608 

6,194 

6,082 

6,341 

6,366 

6,467 

7,332 

7,477 

7,961 

8,375 

9,500 

11,358 

12,619 

15,075 

960 954 768 

2,154 2,317 2,523 

3,747 3,804 3,591 

3,989 4,079 3,867 

3,270 3,220 3,758 

3,151 

3,166 

3,562 

3,375 

3,624 

3,540 

3,781 

4,187 

4,226 

4,237 

4,036 

4,884 

6,460 

6,724 

6,490 

6,323 

5,813 

6,722 

6,194 

6,762 

7,095 

7,672 

8,069 

9,056 

9,400 

11,188 

12,833 

15,670 

3,118 

3,121 

3,621 

3,429 

3,610 

3,490 

3,770 

4,302 

4,048 

4,590 

4,236 

4,753 

5,830 

6,959 

6,714 

6,416 

5,982 

6,623 

5,896 

6,721 

7,532 

7,101 

8,404 

8,217 

9,836 

11,061 

13,433 

15,379 

3,253 

3,917 

3,455 

3,607 

3,631 

3,176 

3,711 

4,256 

4,057 

4,674 

4,035 

5,214 

5,061 

6,769 

6,571 

5,655 

6,540 

7,130 

6,597 

7,001 

6,719 

7,027 

8,023 

9,072 

9,361 

11,537 

13,264 

15,334 

1,078 

1,049 

3,133 

4,196 

3,621 

3,041 

3,049 

2,950 

3,642 

3,636 

3,692 

3,734 

3,720 

4,176 

4,356 

3,566 

4,069 

5,521 

7,279 

6,022 

6,715 

7,302 

5,771 

6,107 

5,868 

6,755 

7,742 

7,426 

8,040 

8,394 

10,494 

11,193 

13,889 

16,312 

1,076 

1,055 

2,911 

3,328 

3,868 

3,117 

3,097 

3,254 

3,633 

3,487 

3,649 

3,665 

3,713 

4,136 

4,203 

3,768 

4,255 

5,315 

6,404 

6,343 

6,838 

6,519 

5,712 

5,766 

6,598 

6,957 

7,962 

7,229 

8,119 

9,638 

10,339 

11,425 

13,809 

15,050 

1,040 

1,132 

2,983 

4,229 

3,981 

3,062 

1,011 

1,291 

3,129 

3,742 

3,847 

3,160 

3,447 

3,288 

3,412 

3,686 

3,607 

3,682 

3,808 

4,149 

4,193 

3,949 

4,261 

5,599 

6,434 

6,663 

6,473 

6,276 

5,959 

5,502 

6,527 

7,584 

7,251 

7,530 

8,046 

8,592 

9,993 

11,993 

14,014 

16,881 

3,069 

3,364 

3,173 

3,758 

3,631 

3,628 

3,837 

4,208 

4,188 

3,918 

4,449 

5,521 

6,399 

6,495 

6,747 

6,136 

6,139 

6,237 

6,490 

6,973 

7,285 

7,892 

8,215 

9,026 

10,139 

12,193 

14,277 

15,972 

1,008 

1,458 

3,167 

3,843 

3,721 

3,108 

3,010 

3,399 

3,416 

3,661 

3,630 

3,645 

4,001 

4,290 

4,091 

4,030 

4,423 

5,515 

6,375 

6,805 

6,764 

6,094 

6,070 

6,303 

6,507 

7,398 

7,358 

7,330 

8,687 

8,762 

10,448 

12,224 

14,548 

17,087 

1,014 

1,533 

3,224 

3,965 

3,631 

3,160 

3,123 

3,359 

3,335 

3,681 

3,617 

3,752 

4,054 

4,122 

4,163 

3,958 

4,639 

5,627 

6,022 

6,842 

6,553 

6,341 

6,217 

6,232 

6,151 

7,451 

7,518 

7,659 

8,484 

9,407 

10,887 

11,992 

15,298 

16,779 

2,963 

5,388 

10,485 

11,990 

10,612 

9,367 

9,140 

10,689 

10,273 

10,730 

10,636 

11,231 

12,343 

11,752 

12,313 

11,852 

14,152 

18,140 

19,165 

19,793 

19,174 

18,445 

18,826 

18,999 

19,919 

2,682 

6,994 

11,142 

11,935 

10,248 

9,522 

10,204 

10,638 

10,411 

10,865 

10,206 

11,262 

12,745 

12,331 

13,501 

12,307 

14,851 

17,351 

20,452 

19,775 

18,394 

18,335 

20,475 

18,687 

20,484 

3,194 

3,236 

9,027 

11,753 

11,470 

9,220 

9,593 

9,492 

10,687 

10,809 

10,948 

11,081 

11,241 

12,461 

12,752 

11,283 

12,585 

16,435 

20,117 

19,028 

20,026 

20,097 

17,442 

17,375 

18,993 

21,296 

3,033 

4,282 

9,520 

11,550 

11,199 

9,428 

9,202 

10,122 

9,924 

11,100 

10,878 

11,025 

11,892 

12,620 

12,442 

11,906 

13,511 

16.663 

18,796 

20,142 

20,064 

18,571 

18,426 

18,772 

19,148 

21,822 

21,985 

21,560 

23,454 

25,139 

28,370 

32,910 

38,190 

43,916 

21,346 

21,800 

24,496 

26,345 

28,597 

33,786 

39,530 

46,383 

22,955 

22,185 

24,205 

26,624 

30,826 

34,611 

41,712 

48,243 

22,161 

22,881 

25,386 

27,195 

31,474 

36,409 

44,123 

49,838 

13,163 

30,929 

44,930 

46,594 

39,508 

37,684 

38,958 

41,938 

42,593 

43,421 

42,948 

45,626 

50,169 

49,277 

49,003 

50,255 

62,101 

74,404 

78,787 

79,658 

76,236 

72,648 

75,448 

75,827 

83,521 

88,447 

88,426 

97,541 

105,303 

119,267 

137,716 

163,555 

588. Manufacturers' shipments, 

[Mjfons of dolars] Total for period 

2,509 

2,300 

2,042 

1,756 

1,577 

1,663 

1,719 

1,893 

2,131 

2,523 

2,560 

2,552 

3,107 

3,790 

4,347 

2,425 

2,299 

2,071 

1,718 

1,588 

1,712 

1,744 

1,900 

2,132 

2,415 

2,583 

2,733 

3,118 

3,945 

4,417 

2,289 

2,376 

2,110 

1,649 

1,651 

1,726 

1,778 

1,927 

2,169 

2,409 

2,659 

2,620 

3,240 

3,885 

4,277 

2,346 

2,255 

2,035 

1,733 

1,633 

1,775 

1,722 

1,813 

2,208 

2,503 

2,606 

2,616 

3,330 

3,841 

4,672 

2,217 

2,153 

2,044 

2,071 

1,604 

1,748 

1,801 

1,882 

2,099 

2,482 

2,583 

2,744 

3,319 

3,959 

4,881 

2,558 

2,207 

1,969 

1,653 

1,786 

1,984 

1,743 

1,853 

2,192 

2,613 

2,551 

2,663 

3,438 

4,097 

4,858 

2,163 

2,302 

2,048 

1,732 

1,749 

1,875 

1,720 

1,996 

2,274 

2,471 

2,593 

2,832 

3,375 

4,223 

4,766 

2,242 

2,171 

2,001 

1,485 

1,758 

1,825 

1,821 

1,832 

2,208 

2,534 

2,633 

2,699 

3,666 

4,074 

4,981 

2,338 

2,119 

2,051 

1,539 

1,761 

1,852 

1,827 

2,031 

2,346 

2,512 

2,671 

2,857 

3,678 

4,159 

5,010 

2,289 

2,219 

1,935 

1,607 

1,789 

1,805 

1,783 

2,047 

2,321 

2,566 

2,552 

2,948 

3,693 

4,178 

4,968 

2,377 

2,233 

1,904 

1,508 

1,772 

1,749 

1,936 

1,917 

2,474 

2,505 

2,690 

3,033 

3,582 

4,301 

5,077 

7,326 

7,014 

6,110 

5,340 

4,734 

5,062 

5,180 

5,668 

6,367 

7,472 

7,643 

7,888 

9,171 

11,348 

12,847 

6,852 

6,784 

6,189 

5,453 

4,888 

5,249 

5,301 

5,622 

6,476 

7,394 

7,848 

7,980 

9,889 

11,685 

13,830 

6,963 

6,680 

6,018 

4,870 

5,293 

5,684 

5,284 

5,681 

6,674 

7,618 

7,777 

8,194 

10,479 

12,394 

14,605 

7,004 

6,571 

5,890 

4,654 

5,322 

5,406 

5,546 

5,995 

7,141 

7,583 

7,913 

8,838 

10,953 

12,638 

15,055 

28,145 

27,049 

24,207 

20,317 

20,237 

21,401 

21,311 

22,966 

26,658 

30,067 

31,181 

32,900 

40,492 

48,065 

56,337 

602. Exports, excludmg mitary aid shipments 

[Mffions of dolars] Total for period 

1,102 

1,072 

792 

1,022 

1,236 

971 

1,047 

1,198 

1,290 

1,577 

1,322 

1,256 

1,554 

1,708 

1,819 

2,143 

2,076 

1,623 

2,353 

2,582 

2,775 

2,266 

3,546 

3,694 

3,824 

5,070 

7,549 

8,812 

8/935 

9,900 

9,946 

13,627 

16 984 

19,788 

18,614 

1,049 

1,095 

772 

1,080 

1,281 

1,001 

862 

1,159 

1,348 

1,881 

1,385 

1,326 

1,541 

1,755 

1,664 

1,954 

2,067 

2,739 

2,530 

2,524 

2,439 

3,188 

3,375 

3,790 

3,868 

5,311 

7,630 

8,720 

9,036 

10,167 

11,150 

14,317 

18,265 

21,278 

18,462 

1,023 

1,085 

786 

1,256 

1,138 

1,024 

1,196 

1,113 

1,394 

1,739 

1,364 

1,305 

1,627 

1,637 

1,804 

1,927 

2,081 

2,406 

2,316 

2,608 

2,855 

3,318 

3,410 

3,631 

3,820 

5,494 

8,116 

8,718 

9,380 

9,955 

11,632 

13,988 

18,567 

19,786 

18,005 

1,062 

1,046 

772 

1,133 

1,129 

1,008 

1,087 

1,132 

1,413 

1,560 

1,379 

1,320 

1,644 

1,578 

1,764 

1,899 

2,076 

2,299 

2,416 

2,549 

2,740 

3,268 

3,661 

3,746 

3,882 

5,561 

7,654 

8,250 

9,575 

10,531 

11,787 

14,106 

17,647 

18,899 

18,124 

989 

1,078 

831 

1,132 

1,063 

998 

1,091 

1,170 

1,442 

1,674 

1,337 

1,357 

1,643 

1,621 

1,877 

1,837 

2,080 

2,235 

2,484 

2,582 

2,870 

3,179 

3,727 

3,672 

3,971 

5,728 

8,326 

8,758 

9,738 

10,096 

12,268 

14,828 

18,440 

19,750 

18,823 

1,069 

976 

821 

1,234 

970 

1,011 

1,076 

1,223 

1,412 

1,617 

1,361 

1,397 

1,711 

1,698 

1,750 

1,839 

2,118 

2,300 

2,469 

2,601 

2,858 

3,182 

3,704 

3,573 

4,074 

5,865 

8,330 

8,890 

9,994 

10,380 

11,669 

15,706 

18,267 

19,289 

18,060 

1,125 

977 

813 

1,233 

1,012 

1,026 

1,067 

1,215 

1,454 

1,617 

1,365 

1,432 

1,660 

1,695 

1,709 

1,912 

2,095 

2,329 

2,460 

2,566 

2,950 

3,366 

3,591 

3,666 

4,196 

6,042 

8,446 

9,043 

9,831 

9,698 

12,291 

15,754 

19,086 

19,031 

17,463 

950 

908 

889 

1,233 

1,028 

1,154 

1,056 

1,235 

1,586 

1,605 

1,354 

1,528 

1,661 

1,669 

1,898 

1,964 

2,237 

2,291 

2,502 

2,597 

3,211 

3,341 

3,553 

4,487 

4,176 

6,420 

8,426 

9,118 

9,846 

11,044 

13,288 

15,843 

18,828 

19,551 

17,320 

1,055 

906 

893 

1,101 

1,004 

951 

1,111 

1,260 

1,509 

1,546 

1,349 

1,328 

1,685 

1,809 

1,542 

1,943 

2,150 

2,349 

2,616 

2,415 

2,631 

3,342 

3,688 

2,669 

4,316 

6,585 

8,687 

9,246 

9,779 

9,364 

12,906 

16,700 

19,217 

19,163 

16,671 

855 

868 

940 

1,273 

1,026 

1,035 

1,147 

1,215 

1,360 

1,534 

1,401 

1,376 

1,673 

1,738 

1,717 

1,946 

2,183 

2,378 

2,491 

2,671 

2,972 

3,398 

3,499 

3,196 

4,473 

6,879 

8,978 

9,426 

9,609 

9,486 

13,460 

16,938 

18,715 

19,153 

15,852 

1,188 

858 

915 

1,309 

1,016 

1,073 

1,130 

1,226 

1,836 

1,493 

1,339 

1,493 

1,631 

1,700 

1,811 

2,059 

2,394 

2,362 

2,467 

2,677 

2,977 

3,280 

3,569 

3,881 

4,558 

6,949 

8,865 

9,280 

10,457 

11,001 

13,299 

16,753 

19,251 

18,885 

16,347 

3,261 

3,357 

2,359 

3,072 

3,767 

3,013 

2,871 

3,525 

3,927 

5,111 

4,130 

3,896 

4,629 

5,085 

5,150 

5,084 

6,195 

5,590 

7,181 

7,745 

8,028 

7,615 

10,327 

11,085 

11,766 

15,336 

22,350 

27,030 

27,084 

29,744 

30,964 

41,225 

52,668 

59,968 

55,660 

3,074 

3,209 

2,389 

3,521 

3,330 

3,030 

3,374 

3,415 

4,249 

4,973 

4,080 

3,982 

4,914 

4,836 

5,445 

5,663 

6,237 

6,940 

7,216 

7,739 

8,465 

9,765 

10,798 

11,049 

11,673 

16,783 

24,096 

25,726 

28,693 

30,582 

35,687 

42,922 

54,654 

58,435 

54,952 

3,144 

2,861 

2,523 

3,700 

3,010 

3,191 

3,199 

3,673 

4,452 

4,839 

4,080 

4,357 

5,032 

5,062 

5,357 

5,715 

6,450 

6,920 

7,431 

7,764 

9,019 

9,889 

10,848 

11,726 

12,446 

18,327 

25,202 

27,051 

29,671 

31,122 

37,248 

47,303 

56,181 

57,871 

52,843 

3,098 

2,632 

2,748 

3,683 

3,046 

3,059 

3,388 

3,701 

4,705 

4,573 

4,089 

4,197 

4,989 

5,247 

5,070 

5,948 

6,727 

7,089 

7,574 

7,763 

8,580 

10,020 

10,756 

9,746 

13,347 

20,413 

26,530 

27,952 

29,845 

29,851 

39,665 

50,391 

57,183 

57,201 

48,870 

12,653 

12,051 

9,993 

13,968 

13,203 

12,262 

12,854 

14,291 

17,333 

19,495 

16,367 

16,407 

19,626 

20,190 

20,973 

22,427 

25,690 

26,691 

29,379 

30,934 

34,063 

37,332 

42,659 

43,549 

49,199 

70,823 

98,092 

107,652 

115,223 

121,232 

143,681 

181,860 

220,630 

233,677 

212,325 

120 

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Year 

Monthly 

Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. 

Quarterly 

1 0 IIQ III Q IV Q Annual 

604. Exports of domestic agricultural products 

[llllions of doiars] Total for period 

1947 

1948 

1949 

1950 

1951 

1952 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 • 

1963 

1964 

1965 228 

1966 547 

1967 569 

1968 579 

1969 186 

1970 541 

1971 680 

1972 766 

1973 1,111 

1974 1,774 

1975 2,369 

1976 1,917 

1977 1,762 

1978 1,818 

1979 2,531 

1980 3,442 

1981 4,295 

1982 3,258 

1947 77777 

1948 

1949 

1950 

1951 

1952 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 230 

1966 435 

1967 521 

1968 523 

1969 408 

1970 628 

1971 732 

1972 775 

1973 880 

1974 1,155 

1975 1,672 

1976 1,780 

1977 1,831 

1978 2,084 

1979 2,682 

1980 3,297 

1981 4,058 

1982 4,346 

1947 7777 

1948 526 

1949.... 587 

1950 592 

1951 939 

1952 856 

1953 904 

1954 855 

1955 886 

1956 1,045 

1957 1,057 

1958 1,053 

1959 1,166 

1960 1,247 

1961 1,154 

1962 1,320 

1963 1,089 

1964 1,421 

1965 1,199 

1966 1,966 

1967 2,317 

1968 2,687 

1969 2,002 

1970 3,222 

1971 3,599 

1972 4,436 

1973 5,244 

1974 6,665 

1975 10,145 

1976 9,341 

1977 10,694 

1978 13,661 

1979 16,813 

1980 21,181 

1981 22,616 

1982 22,573 

See footnotes at end of this part. 

349 

554 

542 

573 

246 

569 

633 

703 

1,142 

1,829 

1,830 

1,630 

2,004 

2,058 

2,444 

3,484 

3,977 

3,590 

662 

594 

526 

518 

490 

533 

658 

606 

1,268 

1,869 

1,703 

1,668 

2,112 

2,363 

2,609 

3,325 

4,201 

3,225 

550 

550 

526 

528 

609 

565 

636 

628 

1,251 

1,978 

1,723 

1,892 

2,142 

2,428 

2,540 

3,329 

3,604 

3,400 

538 

552 

542 

491 

576 

566 

623 

722 

1,412 

1,882 

1,575 

1,950 

2,360 

2,861 

2,597 

3,326 

3,708 

3,527 

550 

572 

539 

475 

526 

612 

624 

771 

1,442 

1,806 

1,480 

1,948 

2,077 

2,904 

2,828 

3,085 

3,256 

3,332 

595 

531 

512 

503 

541 

614 

632 

754 

1,370 

1,842 

1,735 

2,039 

1,976 

2,392 

2,954 

3,286 

3,089 

2,789 

500 

624 

513 

544 

494 

610 

636 

796 

1,731 

1,698 

1,872 

2,058 

1,801 

2,774 

3,019 

3,557 

3,202 

2,763 

515 

601 

523 

509 

518 

639 

866 

837 

1,726 

1,654 

1,932 

2,160 

2,064 

2,512 

3,032 

3,596 

3,563 

2,648 

562 

595 

507 

441 

612 

694 

447 

882 

1,706 

1,691 

2,060 

2,231 

1,654 

2,596 

3,309 

3,485 

3,735 

2,681 

541 

580 

560 

516 

565 

628 

546 

927 

1,769 

1,978 

1,821 

1,750 

1,755 

2,533 

3,459 

3,464 

3,442 

2,783 

591 

580 

522 

569 

551 

689 

768 

1,007 

1,785 

1,922 

1,776 

1,860 

2,111 

2,555 

3,311 

3,838 

3,220 

2,637 

1,239 

1,695 

1,637 

1,670 

922 

1,643 

1,971 

2,075 

3,521 

5,472 

5,902 

5,215 

5,878 

6,239 

7,584 

10,251 

12,473 

10,073 

1,638 

1,674 

1,607 

1,494 

1,711 

1,743 

1,883 

2,121 

4,105 

5,666 

4,778 

5,790 

6,579 

8,193 

7,965 

9,740 

10,568 

10,259 

1,610 

1,756 

1,548 

1.556 

1,553 

1,863 

2,134 

2,387 

4,827 

5,194 

5,539 

6,257 

5,841 

7,678 

9,005 

10,439 

9,854 

8,200 

1,694 

1,755 

1,589 

1.526 

1,728 

2.011 

1,761 

2,816 

5,260 

5,591 

5,657 

5,841 

5,520 

7.684 

10.079 

10,787 

10,397 

8.101 

3,960 

3,473 

3,578 

2,873 

4,040 

3,431 

2,848 

3,054 

3,198 

4,170 

4,506 

3,855 

3,955 

4,832 

5,024 

5,034 

5,584 

6,348 

6,229 

6,874 

6,380 

6,227 

5.936 

7,247 

7,698 

9,407 

17,681 

21,999 

21,886 

22,998 

23,671 

29.384 

34,755 

41,256 

43.292 

36.633 

606. Eiportojjf nonelectrical 

[Mttons of doiars] Total for period 

322 

439 

502 

530 

437 

678 

691 

780 

911 

1,197 

1,632 

1,817 

1,892 

2,187 

2,832 

3,454 

4,155 

4,054 

480 

470 

490 

438 

622 

647 

724 

773 

925 

1,270 

1,626 

1,806 

1,859 

2,450 

2,917 

3,423 

4,352 

3,997 

456 

433 

494 

539 

647 

651 

720 

757 

926 

1,288 

1,760 

1,818 

1,808 

2,415 

2,706 

3,571 

4,311 

3,932 

432 

448 

508 

519 

622 

767 

975 

1,338 

1,720 

1,836 

1,835 

2,472 

2,859 

3,620 

4,160 

3,957 

435 

468 

498 

515 

594 

718 

700 

783 

997 

1,339 

1,772 

1,871 

1,868 

2,427 

3,034 

3,943 

4,388 

4,211 

426 

484 

485 

526 

608 

755 

686 

776 

1,028 

1,398 

1,770 

1,952 

1,862 

2,451 

3,022 

3,985 

4,567 

4,305 

433 

457 

476 

557 

652 

706 

663 

814 

1,041 

1,509 

1,752 

1,675 

1,732 

2,528 

3,241 

4,230 

6,207 

3,856 

414 

473 

497 

573 

616 

718 

871 

818 

1,090 

1,481 

1,750 

1,883 

2,133 

2,815 

3,153 

4,027 

4,559 

4,197 

472 

491 

458 

512 

678 

785 

582 

781 

1,115 

1,552 

1,814 

1,821 

1,556 

2,625 

3,251 

4,117 

4,338 

3,829 

450 

475 

510 

586 

657 

701 

672 

862 

1,107 

1,624 

1,770 

1,814 

1,791 

2,718 

3,172 

3,968 

4,366 

3,686 

463 

486 

520 

518 

630 

720 

783 

860 

1,111 

1,523 

1,843 

1,983 

2,056 

2,824 

3,240 

3,819 

4,005 

3,719 

1,032 

1,344 

1,513 

1,491 

1.467 

1.953 

2.147 

2,328 

2,716 

3,622 

4,930 

5,403 

5,582 

6,721 

8,431 

10,174 

12,565 

12,397 

1,323 

1,349 

1,500 

1,573 

1,863 

2,049 

2,100 

2.307 

2,898 

3,965 

5,252 

5,525 

5,511 

7,314 

8,599 

11,134 

12,859 

12,100 

1,273 

1,414 

1.458 

1,656 

1,876 

2,179 

2,220 

2,408 

3,159 

4,388 

5,272 

5,510 

5,727 

7,794 

9,416 

12,242 

15,333 

12,358 

1,385 

1,452 

1,488 

1.616 

1,965 

2.206 

2,037 

2,503 

3,333 

4,699 

5.427 

5.618 

5.403 

8,167 

9,663 

11,904 

12,709 

11,234 

5.013 

5,559 

5.959 

6.336 

7,171 

8,387 

8,504 

9,546 

12,106 

16,674 

20,881 

22,056 

22,223 

29,996 

36,109 

45,454 

53,466 

48,089 

612. General imports 

[MBons of doHarsl Total for period 

589 

567 

606 

927 

881 

902 

852 

897 

1,063 

1,056 

1,022 

1,202 

1,353 

1,154 

1,325 

1,510 

1,462 

1,606 

2,013 

2,216 

2,592 

2,672 

3,279 

3,564 

4,473 

5,483 

7,534 

8,133 

9,302 

12,990 

14,617 

14,919 

21,834 

21,916 

19,570 

582 

548 

577 

997 

904 

923 

762 

907 

1,034 

1,118 

1,051 

1,220 

1,291 

1,164 

1,339 

1,485 

1,518 

1,861 

2,050 

2,166 

2,588 

2,982 

3,219 

3,629 

4,515 

5,414 

7,997 

7,720 

9,742 

12,792 

14,320 

15,657 

24,866 

21,029 

20,018 

510 

534 

606 

1,005 

870 

998 

945 

902 

1,019 

1,100 

1,051 

1,218 

1,353 

1,158 

1,368 

1,412 

1,525 

1,811 

2,090 

2,198 

2,604 

3,183 

3,262 

3,774 

4,417 

5,360 

8,237 

8,218 

9,940 

12,127 

14,773 

16,061 

19,831 

22,249 

17,714 

590 

548 

636 

986 

839 

931 

848 

939 

1,040 

1,060 

1,066 

1,330 

1,278 

1,162 

1,396 

1,409 

1,535 

1,797 

2,060 

2,118 

2,755 

3,256 

3,337 

3,908 

4,486 

5,703 

8,460 

7,470 

9,489 

11,478 

14,295 

16,805 

20,658 

21,232 

20,477 

620 

523 

684 

967 

882 

913 

935 

928 

1,069 

1,058 

1,037 

1,301 

1,276 

1,180 

1,355 

1,432 

1,525 

1,848 

2,102 

2,184 

2,792 

3,152 

3,265 

4,037 

4,468 

5,775 

8,870 

7,311 

10,578 

13,676 

14,226 

17,201 

20,427 

22,005 

21,187 

610 

515 

787 

940 

846 

899 

847 

953 

1,063 

1,111 

1,023 

1,227 

1,268 

1,359 

1,341 

1,447 

1,576 

1,742 

2,216 

2,245 

2,725 

3,074 

3,254 

3,832 

4,565 

5,829 

9,214 

8,110 

11,028 

12,654 

14,896 

17,116 

19,189 

20,114 

19,849 

626 

487 

821 

885 

897 

910 

851 

952 

1,065 

1,099 

1,046 

1,289 

1,245 

1,243 

1,347 

1,507 

1,585 

1,825 

2,137 

2,145 

2,872 

3,163 

3,346 

3,913 

4,726 

6,010 

9,504 

8,166 

10,738 

12,530 

14,412 

18,659 

19,719 

23,242 

22,930 

596 

565 

955 

838 

915 

968 

818 

992 

1,132 

1,074 

1,083 

1,411 

1,210 

1,266 

1,479 

1,455 

1,559 

1,858 

2,288 

2,198 

2,951 

3,078 

3,423 

4,179 

4,612 

5,644 

9,002 

8,388 

10,972 

13,158 

15,246 

18,632 

19,934 

21,274 

20,581 

620 

572 

912 

818 

805 

1,045 

1,055 

1,086 

1,091 

1,184 

1,197 

1,298 

1,316 

1,459 

1,550 

1,885 

2,303 

2,254 

2,736 

3,192 

3,498 

3,469 

4,738 

5,996 

9,026 

8,533 

10,810 

12,996 

15,091 

19,271 

20,327 

23,077 

21,006 

555 

603 

876 

845 

904 

873 

821 

1,045 

969 

1,065 

1,156 

1,292 

1,162 

1,305 

1,419 

1,459 

1,688 

1,941 

2,195 

2,396 

2,883 

3,180 

3,428 

3,456 

5.148 

6,684 

9,239 

8,464 

10,951 

12,778 

15,238 

19,013 

19,856 

22,508 

18,892 

677 

594 

891 

812 

978 

837 

874 

971 

1,050 

1,080 

1,139 

1,353 

1,142 

1,326 

1,380 

1,488 

1,655 

1,911 

2,196 

2,493 

2,908 

3,078 

3,402 

4,169 

5,002 

6,291 

9,647 

8,670 

11,566 

13,661 

15,300 

20,156 

21,427 

19,746 

19,154 

1,697 

1,702 

1,775 

2,863 

2,641 

2,729 

2,469 

2,690 

3,142 

3,231 

3,126 

3,588 

3,891 

3,472 

3,984 

4,084 

4,401 

4,666 

6,029 

6,699 

7,867 

7,656 

9,720 

10,792 

13,424 

16,141 

22,196 

25,998 

28,385 

36,476 

42,598 

47,389 

67,881 

65,561 

62,161 

1.720 

1,605 

1,926 

2,958 

2,591 

2,842 

2,728 

2,769 

3,128 

3,218 

3,154 

3,849 

3,907 

3,500 

4,119 

4,253 

4,585 

5,456 

6,252 

6,500 

8,151 

9,591 

9,864 

11,719 

13,371 

16,838 

25,567 

22,999 

30,007 

37,281 

43,294 

50,067 

60,916 

65,486 

59,378 

1,832 

1,567 

2,563 

2,663 

2,658 

2,777 

2,516 

2,897 

3,260 

3,284 

3,152 

3,927 

3,723 

3,868 

4,167 

4,409 

4,720 

5,425 

6,641 

6,588 

8,548 

9,315 

10,023 

11,924 

13,903 

17,483 

27,720 

24,664 

32,738 

38,342 

44,554 

54,407 

58,842 

64,630 

63,360 

1,852 

1,769 

2,679 

2,457 

2,781 

2,528 

2,500 

3,061 

3,074 

3,231 

3,386 

3,829 

3,501 

3,929 

4,115 

4,406 

4,893 

5,737 

6,694 

7,143 

8,527 

9,450 

10,328 

11,094 

14,888 

18.971 

27.912 

25.667 

33.327 

39,435 

45,629 

58,440 

61.610 

65.331 

59,052 

7,124 

6,622 

8,852 

10,967 

10,717 

10,873 

10,215 

11,384 

12,615 

12,982 

12,792 

15,207 

15,018 

14,714 

16,390 

17,138 

18,684 

21,364 

25,542 

26,812 

33,226 

36,043 

39,952 

45,563 

55,583 

69,476 

103,321 

99.305 

124,614 

151,534 

176,052 

210,285 

245,262 

260,982 

243,951 

121 

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Year 

1947 

1948 

1949 

1950 

1951 

1952 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

1947 

1948 

1949 

1950 

1951 

1952 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

Jan. 

162 

162 

185 

192 

208 

226 

219 

332 

462 

1,167 

3,080 

2,475 

3,217 

3,000 

3,580 

5,614 

7,359 

6,810 

31 

106 

176 

299 

293 

417 

482 

589 

780 

862 

742 

1,085 

1,083 

1,529 

1,963 

1,899 

2,264 

2,389 

Feb. 

165 

174 

172 

187 

206 

252 

220 

334 

456 

1,512 

1,781 

2,338 

3,370 

3,626 

3,634 

7,741 

8,018 

4,396 

54 

114 

161 

273 

315 

404 

541 

662 

731 

877 

654 

1,041 

1,248 

1,661 

1,706 

2,035 

1,742 

2,135 

Mar. 

171 

183 

172 

179 

182 

237 

249 

342 

492 

1,560 

1,211 

2,361 

4,191 

3,094 

3,667 

6,991 

5,992 

4,290 

61 

125 

169 

229 

325 

404 

561 

680 

753 

797 

823 

1,117 

1,299 

1,581 

1,589 

1,960 

2,125 

2,596 

Apr. 

614 

188 

162 

183 

182 

235 

237 

250 

324 

487 

2,299 

2,387 

2,494 

3,611 

3,162 

3,832 

5,185 

6,919 

3,894 

89 

108 

159 

260 

399 

457 

533 

647 

725 

898 

776 

1,221 

1,266 

1,715 

1,956 

1,710 

2,042 

2,389 

May 

Monthly 

June July 

Imports of petroleum and petroleum products 

[MMons of dolars] 

166 

179 

206 

180 

215 

203 

270 

331 

550 

2,117 

1,746 

2,118 

3,192 

3,038 

4,000 

7,191 

6,329 

4,180 

209 

187 

167 

194 

203 

229 

276 

346 

588 

2,063 

1,354 

2,563 

3,734 

3,229 

4,199 

6,611 

6,521 

4,855 

150 

191 

162 

228 

215 

200 

288 

350 

520 

2,306 

1,990 

2,887 

3,415 

3,194 

4,692 

5,153 

5,400 

5,624 

616. Imports of automobies and parts 

[MBOD S of dolars] 

54 

113 

184 

329 

392 

388 

529 

680 

814 

901 

731 

976 

1,183 

1,659 

1,851 

1,999 

2,299 

2,785 

59 

123 

197 

292 

383 

428 

576 

636 

821 

841 

782 

1,169 

1,360 

1,684 

1,730 

1,843 

2,257 

2,626 

64 

130 

201 

314 

391 

419 

525 

602 

806 

928 

879 

1,025 

1,315 

1,812 

1,815 

2,103 

2,108 

2,455 

Aug. 

170 

201 

155 

182 

211 

234 

293 

352 

703 

2,274 

2,008 

2,860 

3,266 

3,257 

4,949 

6,018 

6,335 

5,731 

49 

146 

183 

294 

401 

332 

660 

699 

749 

859 

938 

1,055 

1,328 

1,666 

2,113 

2,139 

2,635 

2,795 

Sept. 

176 

178 

160 

213 

218 

221 

314 

387 

700 

2,200 

2,515 

2,716 

3,436 

3,307 

5,662 

4,982 

5,709 

4,903 

74 

157 

176 

334 

438 

498 

672 

622 

722 

912 

861 

1,238 

1,428 

1,822 

1,849 

2,270 

1,943 

2,370 

Oct. 

173 

173 

173 

210 

223 

231 

286 

390 

787 

2,281 

2,320 

2,834 

3,386 

3,347 

6,050 

5,876 

6,123 

5,433 

84 

139 

206 

346 

443 

446 

549 

681 

858 

809 

888 

871 

1,426 

1,872 

1,805 

2,189 

2,464 

2.444 

Nov. 

170 

191 

172 

199 

207 

233 

335 

406 

942 

2,308 

2,140 

2,968 

3,410 

3,489 

5,351 

6,051 

6,483 

4,757 

93 

144 

211 

371 

421 

438 

579 

768 

840 

812 

873 

1,128 

1,465 

1,875 

1,984 

2,314 

2,239 

2,130 

Dec. 

192 

154 

179 

198 

238 

256 

335 

416 

972 

2,335 

2,360 

3,051 

3,233 

3,588 

6,502 

6,254 

4,636 

4,694 

95 

213 

231 

365 

428 

426 

642 

694 

631 

814 

1,013 

1,221 

1,479 

1,822 

1,871 

1,897 

2,164 

2,189 

721. Organization for Economic Cooperation and Development, European countries—index of industrial production 

[1967=100] I 

1947 

1948 

1949 

1950 

1951 

1952 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

39 

43 

47 

59 

63 

64 

65 

73 

75 

79 

82 

90 

94 

97 

98 

102 

114 

121 

127 

129 

140 

147 

137 

139 

151 

150 

154 

163 

154 

156 

39 

43 

47 

57 

63 

64 

65 

73 

76 

80 

82 

90 

94 

98 

98 

103 

114 

124 

127 

128 

141 

147 

137 

141 

150 

148 

155 

163 

159 

158 

40 

43 

48 

59 

63 

65 

65 

73 

78 

80 

80 

90 

93 

99 

98 

103 

114 

124 

125 

131 

141 

147 

136 

143 

151 

148 

156 

163 

158 

158 

40 

44 

48 

60 

63 

64 

67 

75 

78 

80 

83 

90 

94 

98 

99 

105 

117 

124 

127 

132 

141 

148 

135 

144 

148 

151 

156 

163 

156 

156 

40 

44 

48 

60 

63 

64 

68 

75 

76 

80 

84 

90 

95 

99 

98 

101 

117 

124 

125 

132 

144 

150 

133 

146 

148 

150 

159 

158 

156 

156 

40 

45 

51 

60 

64 

64 

68 

75 

78 

80 

84 

91 

95 

99 

99 

103 

118 

124 

127 

133 

144 

148 

135 

146 

148 

150 

158 

159 

155 

154 

41 

45 

50 

62 

64 

64 

68 

76 

78 

82 

87 

91 

95 

99 

101 

107 

120 

125 

128 

132 

143 

148 

135 

146 

148 

151 

162 

161 

158 

152 

41 

45 

51 

62 

64 

65 

69 

76 

78 

82 

87 

90 

95 

99 

99 

no 120 

124 

127 

135 

147 

147 

135 

146 

150 

151 

159 

154 

152 

151 

42 

46 

52 

62 

64 

64 

69 

76 

78 

83 

87 

91 

97 

99 

101 

110 

118 

125 

128 

135 

146 

146 

135 

148 

150 

154 

159 

155 

158 

152 

42 

46 

51 

62 

64 

64 

72 

78 

79 

82 

87 

93 

97 

99 

102 

110 

118 

125 

128 

137 

147 

144 

137 

148 

147 

154 

161 

156 

158 

151 

43 

46 

52 

62 

64 

65 

72 

78 

79 

83 

88 

93 

97 

98 

102 

112 

120 

125 

128 

137 

147 

141 

139 

150 

148 

155 

162 

156 

158 

151 

43 

47 

52 

62 

64 

65 

72 

78 

80 

83 

87 

93 

97 

99 

105 

113 

120 

125 

127 

141 

147 

137 

140 

150 

148 

155 

162 

156 

156 

150 1 

IQ 

498 

519 

529 

558 

596 

715 

688 

1,008 

1,410 

4,239 

6,072 

7,174 

10,778 

9,720 

10,881 

20,346 

21,369 

115,496 

146 

345 

506 

801 

933 

1,225 

1,584 

1,931 

2,264 

2,536 

2,219 

3,243 

3,630 

4,771 

5,258 

5,894 

6,131 

7,120 

Quarterly 

II0 

563 

528 

556 

556 

653 

669 

7% 

1,001 

1,625 

6,479 

5,487 

7,175 

10,537 

9,429 

12,031 

18,987 

19,769 

12,929 

202 

344 

540 

881 

1,174 

1,273 

1,638 

1,963 

2,360 

2,640 

2,289 

3,366 

3,809 

5,058 

5,537 

5,552 

6,598 

7,800 

III Q 

Total for period 

496 

570 

477 

623 

644 

655 

895 

1,089 

1,923 

6,780 

6,513 

8,463 

10,117 

9,758 

15,303 

16,153 

17,444 

16,258 

Total for period 

187 

433 

560 

942 

1,230 

1,249 

1,857 

1,923 

2,277 

2,699 

2,678 

3,318 

4,071 

5,300 

5,777 

6,512 

6,686 

7,620 

IV Q 

535 

518 

524 

607 

668 

720 

956 

1,212 

2,701 

6,924 

6,820 

8,853 

10,029 

10,424 

17,903 

18,181 

17,242 

14,884 

272 

496 

648 

1,082 

1,292 

1,310 

1,770 

2,143 

2,329 

2,435 

2,774 

3,220 

4,370 

5,569 

5,660 

6,400 

6,867 

6,763 

Annual 

2,092 

2,127 

2.086 

2,343 

2,560 

2,764 

3,323 

4,300 

7,614 

24,270 

24,814 

31,798 

41,526 

39,104 

56,036 

73,771 

75,824 

59,567 

807 

1,618 

2,254 

3,706 

4,629 

5.057 

6,849 

7,960 

9,230 

10,310 

9,960 

13,147 

15,880 

20,698 

22,232 

24,358 

26,282 

29,303 

Average for period 

39 

43 

47 

58 

63 

64 

65 

73 

76 

80 

81 

90 

94 

98 

98 

103 

114 

123 

126 

129 

141 

147 

137 

141 

151 

149 

155 

163 

157 

157 

40 

44 

49 

60 

63 

64 

68 

75 

77 

80 

84 

90 

95 

99 

99 

103 

117 

124 

126 

132 

143 

149 

134 

145 

148 

150 

158 

160 

156 

155 

41 

45 

51 

62 

64 

64 

69 

76 

78 

82 

87 

91 

96 

99 

100 

109 

119 

125 

128 

134 

145 

147 

135 

147 

149 

152 

160 

157 

156 

152 

43 

46 

52 

62 

64 

65 

72 

78 

79 

83 

87 

93 

97 

99 

103 

112 

119 

125 

128 

138 

147 

141 

139 

149 

148 

155 

162 

156 

157 

151 

41 

45 

50 

61 

64 

64 

68 

76 

78 

81 

85 

91 

95 

99 

100 

107 

118 

124 

127 

134 

144 

146 

136 

146 

149 

151 

159 

159 

156 

154 

122 

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Year 

Monthly 

Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. 

Quarterly 

I Q IIQ 111 0 IV Q 

Annual 

722. United Khf dom-lndex of industrial production 

[1967=100] Average far period 

1947 

1948 52 

1949 55 

1950 60 

1951 63 

1952 63 

1953 63 

1954 69 

1955 73 

1956 73 

1957 73 

1958 74 

1959 75 

1960 83 

1961 84 

1962 83 

1963 82 

1964 92 

1965 98 

1966 100 

1967 98 

1968 104 

1969 108 

1970 108 

1971 112 

1972 108 

1973 122 

1974 114 

1975 118 

1976 113 

1977 123 

1978 125 

1979 122 

1980 130 

1981 116 

1982 118 

1947 3l7 ~ 

1948 33.7 

1949 35.5 

1950 35.9 

1951 41.8 

1952 41.9 

1953 46.4 

1954 46.6 

1955 49.0 

1956 54.8 

1957 58.3 

1958 56.7 

1959 60.2 

1960 65.9 

1961 64.8 

1962 69.5 

1963 73.0 

1964 80.8 

1965 87.7 

1966 96.0 

1967 99.4 

1968 101.6 

1969 109.9 

1970 114.7 

1971 115.3 

1972 125.1 

1973 137.3 

1974 149.5 

1975 138.8 

1976 141.9 

1977 151.3 

1978 151.2 

1979 164.4 

1980 166.2 

1981 163.8 

1982 156.2 

1947 

1948 13 

1949 22 

1950 26 

1951 34 

1952 37 

1953 38 

1954 43 

1955 52 

1956 59 

1957 62 

1958 65 

1959 66 

1960 74 

1961 83 

1962 87 

1963 87 

1964 94 

1965 103 

1966 105 

1967 99 

1968 102 

1969 120 

1970 130 

1971 138 

1972 135 

1973 146 

1974 148 

1975 135 

1976 142 

1977 150 

1978 154 

1979 154 

1980 164 

1981 156 

1982 160 

52 

55 

60 

64 

63 

63 

68 

73 

73 

75 

75 

75 

83 

84 

84 

84 

93 

98 

100 

99 

105 

109 

110 

109 

99 

121 

114 

117 

114 

123 

124 

132 

128 

117 

118 

54 

56 

60 

65 

64 

64 

69 

75 

73 

73 

76 

74 

84 

84 

84 

85 

93 

96 

100 

99 

106 

109 

112 

108 

109 

122 

117 

115 

115 

123 

123 

133 

125 

117 

120 

53 

56 

61 

64 

61 

64 

69 

74 

73 

73 

73 

77 

83 

84 

84 

87 

95 

98 

100 

100 

106 

110 

110 

110 

112 

122 

122 

114 

116 

122 

128 

132 

124 

117 

120 

52 

57 

61 

64 

61 

65 

70 

75 

72 

75 

74 

77 

84 

83 

100 

100 

99 

107 

110 

109 

112 

114 

122 

123 

113 

118 

125 

126 

134 

124 

116 

120 

52 

58 

60 

65 

61 

62 

70 

73 

73 

75 

74 

77 

83 

84 

97 

99 

100 

107 

112 

110 

110 

114 

124 

123 

113 

116 

120 

128 

136 

124 

118 

118 

53 

62 

61 

64 

59 

64 

70 

73 

73 

75 

73 

77 

83 

85 

85 

90 

95 

97 

100 

100 

107 

112 

110 

110 

113 

123 

123 

112 

116 

122 

128 

134 

123 

118 

118 

53 

58 

61 

64 

59 

64 

70 

72 

72 

75 

73 

77 

84 

84 

85 

89 

95 

98 

100 

99 

107 

109 

110 

110 

114 

123 

123 

110 

116 

123 

129 

130 

120 

118 

120 

54 

57 

62 

64 

60 

65 

71 

74 

73 

75 

73 

80 

84 

83 

87 

99 

100 

100 

107 

109 

110 

109 

116 

123 

121 

113 

117 

123 

128 

129 

118 

118 

120 

53 

57 

63 

63 

62 

68 

72 

76 

73 

74 

73 

81 

84 

84 

84 

91 

97 

100 

99 

100 

106 

108 

112 

109 

117 

124 

120 

114 

120 

122 

125 

130 

118 

121 

120 

54 

59 

63 

63 

63 

67 

72 

75 

73 

75 

74 

82 

84 

83 

84 

92 

97 

99 

97 

101 

107 

110 

110 

109 

118 

123 

120 

114 

121 

122 

126 

132 

117 

120 

117 

56 

60 

63 

63 

63 

67 

72 

76 

73 

73 

75 

82 

84 

84 

84 

92 

98 

100 

98 

104 

108 

112 

112 

110 

120 

122 

117 

113 

121 

123 

129 

131 

117 

118 

120 

53 

55 

60 

64 

63 

63 

69 

74 

73 

74 

75 

75 

83 

84 

84 

84 

93 

97 

100 

99 

105 

109 

110 

110 

105 

122 

115 

117 

114 

123 

124 

129 

128 

117 

119 

52 

57 

61 

64 

61 

64 

70 

74 

73 

74 

74 

77 

83 

84 

85 

98 

100 

100 

107 

111 

110 

H I 

113 

123 

123 

113 

117 

122 

127 

134 

124 

117 

119 

53 

59 

61 

64 

59 

64 

70 

73 

73 

75 

73 

78 

84 

84 

100 

100 

107 

110 

110 

110 

114 

123 

122 

112 

116 

123 

128 

131 

120 

118 

119 

54 

59 

63 

63 

63 

67 

72 

76 

73 

74 

74 

82 

84 

84 

84 

92 

97 

100 

98 

102 

107 

110 

111 

109 

118 

123 

119 

114 

121 

122 

127 

131 

117 

120 

119 

53 

58 

61 

64 

62 

65 

70 

74 

73 

74 

74 

78 

84 

84 

84 

98 

99 

100 

106 

110 

110 

110 

113 

123 

120 

114 

117 

123 

127 

131 

122 

118 

119 

723. Canada-index of industrial 

[1967=100] Average for period 

31.9 

33.7 

35.2 

36.5 

41.8 

41.8 

46.8 

47.2 

49.2 

54.8 

59.3 

57.3 

61.4 

65.3 

64.7 

69.8 

73.6 

82.2 

87.0 

96.8 

98.2 

101.2 

111.7 

116.1 

116.2 

123.4 

141.2 

149.9 

139.4 

142.9 

149.3 

152.6 

165.1 

163.8 

166.0 

154.7 

32.2 

33.8 

35.5 

36.5 

42.1 

42.5 

47.2 

46.5 

50.1 

55.8 

59.7 

57.2 

61.4 

65.9 

64.3 

70.8 

74.5 

81.5 

88.9 

96.8 

98.1 

102.3 

113.8 

114.4 

116.7 

124.9 

142.8 

150.5 

137.5 

145.4 

150.0 

151.9 

164.3 

166.3 

168.0 

152.5 

32.2 

34.5 

35.3 

36.7 

42.5 

42.5 

47.2 

46.2 

50.1 

57.1 

58.7 

57.8 

62.7 

63.8 

65.5 

71.2 

74.5 

82.0 

88.5 

97.0 

99.0 

104.3 

113.2 

113.1 

116.9 

128.1 

141.5 

147.8 

138.8 

146.9 

148.6 

155.3 

163.3 

163.0 

169.7 

150.5 

32.5 

34.3 

35.7 

37.0 

42.5 

43.3 

47.2 

46.0 

51.3 

56.5 

58.7 

58.3 

62.4 

64.3 

65.9 

72.0 

75.6 

82.1 

88.7 

97.0 

99.0 

106.1 

112.5 

113.8 

118.6 

127.0 

141.9 

150.0 

136.1 

149.2 

150.4 

153.4 

166.8 

159.0 

170.2 

151.8 

32.8 

34.0 

35.5 

38.1 

42.4 

43.3 

46.9 

46.3 

51.8 

57.6 

58.5 

57.8 

62.6 

63.9 

66.8 

72.6 

76.0 

82.6 

89.3 

97.2 

99.3 

106.7 

112.1 

112.4 

119.6 

128.6 

142.8 

148.3 

137.7 

147.4 

151.9 

156.0 

165.6 

158.9 

172.7 

148.0 

33.4 

34.1 

35.5 

38.9 

41.7 

43.1 

47.2 

46.0 

51.9 

58.2 

58.5 

58.3 

62.9 

63.0 

67.7 

73.7 

75.5 

82.2 

90.9 

96.8 

100.2 

106.9 

113.6 

113.1 

119.8 

128.6 

145.8 

147.8 

139.7 

147.4 

150.8 

154.6 

167.5 

159.7 

170.4 

143.3 

33.5 

34.6 

36.2 

38.2 

42.3 

44.4 

46.9 

46.9 

53.1 

57.8 

58.8 

58.2 

62.9 

63.5 

67.3 

72.6 

75.5 

82.8 

89.5 

95.3 

101.8 

107.6 

112.0 

113.6 

123.1 

128.7 

141.8 

147.8 

138.6 

148.7 

151.1 

154.8 

167.3 

159.4 

164.5 

149.5 

32.9 

34.9 

35.8 

39.8 

41.6 

44.7 

47.1 

46.4 

53.2 

58.3 

57.6 

57.9 

64.2 

64.1 

68.4 

73.9 

78.2 

84.7 

91.5 

97.5 

101.3 

108.3 

112.7 

112.7 

123.7 

131.7 

143.3 

146.0 

138.9 

148.9 

150.4 

159.0 

167.2 

163.0 

163.8 

144.5 

33.2 

35.1 

35.9 

40.3 

41.5 

45.4 

46.6 

47.0 

53.7 

58.8 

57.0 

58.2 

65.5 

64.3 

68.7 

73.3 

78.4 

84.5 

93.1 

98.6 

100.4 

109.1 

112.0 

112.9 

124.2 

134.1 

145.2 

146.2 

137.4 

145.3 

150.7 

159.0 

166.6 

163.5 

161.3 

140.0 

33.7 

35.2 

35.8 

40.7 

41.3 

45.7 

45.8 

47.1 

54.0 

59.1 

57.1 

59.4 

63.9 

63.9 

69.1 

73.2 

79.3 

85.9 

94.0 

98.1 

101.8 

109.9 

113.3 

114.2 

123.2 

135.6 

147.2 

144.0 

140.5 

148.8 

151.3 

160.9 

165.7 

164.9 

158.4 

141.0 

33.3 

35.2 

36.4 

41.2 

41.1 

45.9 

46.6 

48.2 

54.7 

59.3 

57.2 

59.7 

64.3 

63.7 

69.4 

73.2 

80.3 

86.7 

95.7 

98.4 

102.2 

109.0 

115.1 

114.4 

124.5 

136.3 

147.0 

143.8 

143.0 

149.5 

151.9 

164.7 

163.8 

165.6 

157.2 

138.9 

31.9 

33.7 

35.4 

36.3 

41.9 

42.1 

46.8 

46.8 

49.4 

55.1 

59.1 

57.1 

61.0 

65.7 

64.6 

70.0 

73.7 

81.5 

87.9 

96.5 

98.6 

101.7 

111.8 

115.1 

116.1 

124.5 

140.4 

150.0 

138.6 

143.4 

150.2 

151.9 

164.6 

165.4 

165.9 

154.5 

32.5 

34.3 

35.5 

37.3 

42.5 

43.0 

47.1 

46.2 

51.1 

57.1 

58.6 

58.0 

62.6 

64.0 

66.1 

71.9 

75.4 

82.2 

88.8 

97.1 

99.1 

105.7 

112.6 

113.1 

118.4 

127.9 

142.1 

148.7 

137.5 

147.8 

150.3 

154.9 

165.2 

160.3 

170.9 

150.1 

33.3 

34.5 

35.8 

39.0 

41.9 

44.1 

47.1 

46.4 

52.7 

58.1 

58.3 

58.1 

63.3 

63.5 

67.8 

73.4 

76.4 

83.2 

90.6 

96.5 

101.1 

107.6 

112.8 

113.1 

122.2 

129.7 

143.6 

147.2 

139.1 

148.3 

150.8 

156.1 

167.3 

160.7 

166.2 

145.8 

33.4 

35.2 

36.0 

40.7 

41.3 

45.7 

46.3 

47.4 

54.1 

59.1 

57.1 

59.1 

64.6 

64.0 

69.1 

73.2 

79.3 

85.7 

94.3 

98.4 

101.5 

109.3 

113.5 

113.8 

124.0 

135.3 

146.5 

144.7 

140.3 

147.9 

151.3 

161.5 

165.4 

164.7 

159.0 

140.0 

32.8 

34.4 

35.7 

38.3 

41.9 

43.7 

46.8 

46.7 

51.8 

57.3 

58.3 

58.1 

62.9 

64.3 

66.9 

72.2 

76.2 

83.2 

90.4 

97.1 

100.1 

106.1 

112.7 

113.8 

120.2 

129.3 

143.2 

147.6 

138.9 

146.9 

150.6 

156.1 

165.6 

162.8 

165.5 

147.6 

725. West Germany—index of industrial production 

[1967=100] Average for period 

14 

23 

26 

35 

36 

39 

44 

52 

58 

63 

65 

66 

74 

83 

86 

86 

97 

103 

105 

98 

103 

121 

132 

135 

135 

149 

148 

135 

146 

150 

149 

154 

167 

164 

161 

14 

23 

27 

35 

37 

40 

44 

54 

58 

62 

66 

68 

76 

84 

102 

108 

98 

105 

123 

132 

135 

139 

146 

146 

135 

143 

152 

148 

157 

164 

160 

161 

14 

23 

28 

36 

37 

41 

45 

52 

59 

63 

63 

68 

77 

84 

86 

90 

97 

103 

105 

99 

106 

123 

134 

135 

139 

148 

148 

135 

146 

149 

150 

157 

164 

160 

160 

15 

23 

29 

36 

36 

40 

46 

54 

61 

63 

65 

70 

76 

81 

87 

90 

94 

102 

105 

97 

108 

124 

134 

134 

139 

149 

149 

134 

146 

149 

149 

161 

161 

160 

157 

14 

24 

29 

35 

37 

41 

46 

55 

59 

63 

66 

69 

77 

81 

87 

90 

98 

102 

106 

99 

109 

126 

132 

135 

139 

148 

146 

134 

148 

150 

152 

163 

160 

156 

154 

16 

24 

30 

36 

37 

42 

47 

57 

61 

63 

65 

69 

80 

84 

87 

91 

99 

102 

105 

102 

109 

126 

134 

135 

138 

142 

148 

132 

146 

148 

153 

164 

161 

157 

150 

17 

25 

31 

35 

38 

42 

47 

57 

62 

63 

68 

72 

77 

83 

90 

92 

98 

103 

103 

101 

114 

128 

132 

132 

139 

150 

143 

135 

148 

150 

154 

163 

157 

157 

153 

18 

25 

32 

35 

38 

43 

48 

58 

61 

65 

65 

72 

79 

84 

90 

91 

99 

105 

103 

102 

113 

127 

132 

135 

139 

149 

143 

135 

149 

152 

156 

161 

157 

160 

152 

19 

25 

33 

36 

39 

43 

48 

58 

61 

65 

65 

74 

81 

83 

88 

92 

101 

103 

103 

103 

114 

130 

134 

135 

141 

148 

142 

138 

148 

149 

154 

163 

160 

160 

150 

19 

25 

33 

36 

40 

43 

48 

58 

62 

65 

66 

73 

90 

92 

101 

103 

102 

105 

119 

131 

132 

132 

143 

149 

142 

139 

149 

150 

156 

164 

157 

157 

150 

20 

26 

34 

36 

39 

44 

50 

59 

61 

65 

66 

73 

81 

86 

88 

91 

102 

105 

102 

110 

119 

130 

134 

130 

145 

149 

135 

141 

149 

153 

156 

164 

156 

156 

149 

14 

23 

26 

35 

37 

39 

44 

53 

58 

62 

65 

67 

75 

83 

86 

87 

96 

103 

106 

98 

103 

121 

131 

136 

136 

147 

147 

135 

144 

151 

150 

155 

165 

160 

161 

14 

23 

29 

36 

37 

41 

46 

54 

60 

63 

65 

69 

77 

82 

87 

90 

96 

102 

105 

98 

108 

124 

133 

135 

139 

148 

148 

134 

147 

149 

150 

160 

162 

159 

157 

17 

25 

31 

35 

38 

42 

47 

57 

61 

64 

66 

71 

79 

84 

89 

91 

99 

103 

104 

102 

112 

127 

133 

134 

139 

147 

145 

134 

148 

150 

154 

163 

158 

158 

152 

19 

25 

33 

36 

39 

43 

49 

58 

61 

65 

66 

73 

81 

84 

89 

92 

101 

104 

102 

106 

117 

130 

133 

132 

143 

149 

140 

139 

149 

151 

155 

164 

158 

158 

150 

16 

24 

30 

35 

38 

41 

46 

56 

60 

64 

65 

70 

78 

83 

103 

104 

101 

110 

126 

133 

134 

139 

148 

145 

136 

147 

150 

153 

160 

161 

159 

155 

See footnotes at end of this part. 123 

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Year Jan. Feb. Mar. Apr. May 

Monthly 

June July Aug. Sept. Oct. Nov. Dec. _UL 

Quarterly 

HO HIQ !!L!L 

Annual 

726. France—index of industrial production 

[1967=100] Average for period 

1947 

1948 

1949 

1950 

1951 40 

1952 44 

1953 40 

1954 46 

1955 49 

1956 55 

1957 61 

1958 66 

1959 63 

1960 70 

1961 74 

1962 80 

1963 83 

1964 91 

1965 90 

1966 94 

1967 99 

1968 103 

1969 113 

1970 120 

1971 124 

1972 134 

1973 143 

1974 153 

1975 139 

1976 145 

1977 157 

1978 153 

1979 159 

1980 166 

1981 156 

1982 157 

1947 

1948 19.6 

1949 23.2 

1950 24.2 

1951 28.7 

1952 29.3 

1953 31.3 

1954 34.7 

1955 37.3 

1956 40.0 

1957 43.7 

1958 46.2 

1959 48.1 

1960 55.8 

1961 61.9 

1962 71.2 

1963 75.9 

1964 82.6 

1965 79.4 

1966 88.8 

1967 97.8 

1968 102.4 

1969 112.8 

1970 116.9 

1971 115.9 

1972 121.3 

1973 122.7 

1974 145.7 

1975 128.3 

1976 130.7 

1977 151.3 

1978 143.8 

1979 152.8 

1980 168.9 

1981 158.6 

1982 161.9 

1947 

1948 5.0 

1949 7.1 

1950 8.3 

1951 12.1 

1952 14.1 

1953 14.6 

1954 18.5 

1955 19.2 

1956 23.0 

1957 27.4 

1958 28.8 

1959 30.6 

1960 39.0 

1961 47.4 

1962 55.9 

1963 55.9 

1964 67.8 

1965 74.0 

1966 76.9 

1967 92.9 

1968 108.3 

1969 123.8 

1970 145.6 

1971 155.7 

1972 158.0 

1973 184.8 

1974 198.3 

1975 163.3 

1976 172.6 

1977 191.4 

1978 196.7 

1979 209.4 

1980 226.3 

1981 226.9 

1982 232.6 

42 

44 

40 

45 

49 

54 

62 

68 

63 

70 

76 

80 

81 

91 

90 

97 

98 

103 

112 

121 

126 

132 

145 

153 

139 

146 

156 

153 

160 

167 

159 

156 

40 

44 

42 

46 

50 

57 

62 

66 

65 

70 

76 

80 

73 

91 

90 

97 

99 

106 

112 

121 

127 

134 

146 

150 

137 

148 

157 

156 

163 

166 

157 

156 

42 

43 

42 

47 

50 

57 

62 

66 

66 

72 

76 

80 

83 

92 

91 

95 

98 

105 

116 

123 

127 

135 

143 

153 

138 

149 

153 

160 

160 

167 

156 

157 

42 

40 

44 

48 

50 

58 

62 

66 

66 

72 

76 

81 

87 

91 

72 

119 

121 

124 

137 

150 

156 

134 

149 

152 

157 

164 

160 

159 

157 

42 

42 

44 

48 

51 

58 

62 

66 

66 

72 

76 

80 

87 

91 

92 

99 

101 

91 

117 

121 

127 

135 

148 

153 

137 

149 

157 

153 

164 

160 

160 

157 

44 

42 

43 

48 

51 

58 

63 

66 

66 

73 

77 

81 

92 

99 

99 

110 

117 

121 

127 

138 

150 

157 

135 

152 

153 

156 

170 

166 

157 

154 

43 

43 

40 

47 

52 

59 

63 

66 

66 

73 

77 

81 

92 

99 

99 

110 

117 

121 

127 

138 

150 

157 

135 

152 

153 

156 

170 

166 

157 

154 

44 

42 

44 

49 

51 

59 

65 

65 

68 

74 

77 

83 

88 

91 

94 

99 

102 

106 

116 

123 

131 

139 

148 

149 

137 

157 

154 

157 

167 

156 

160 

154 

44 

43 

44 

48 

52 

61 

63 

65 

69 

74 

77 

83 

88 

91 

101 

112 

120 

124 

131 

141 

150 

149 

139 

152 

150 

159 

164 

159 

160 

156 

43 

43 

45 

49 

54 

61 

65 

65 

69 

74 

77 

83 

95 

99 

102 

114 

117 

123 

132 

142 

150 

143 

138 

156 

154 

160 

164 

157 

159 

156 

43 

40 

47 

49 

53 

61 

66 

63 

69 

74 

80 

83 

90 

90 

95 

99 

103 

113 

117 

124 

132 

145 

146 

142 

145 

154 

150 

161 

166 

163 

160 

154 

41 

44 

41 

46 

49 

55 

62 

67 

64 

70 

75 

80 

79 

91 

90 

96 

99 

104 

112 

121 

126 

133 

145 

152 

138 

146 

157 

154 

161 

166 

157 

156 

42 

42 

43 

48 

50 

58 

62 

66 

66 

72 

76 

80 

86 

91 

91 

97 

99 

89 

117 

122 

126 

136 

147 

154 

136 

149 

154 

157 

163 

162 

158 

157 

44 

42 

42 

48 

51 

59 

64 

66 

67 

73 

77 

82 

93 

99 

100 

109 

117 

122 

128 

138 

149 

154 

136 

154 

153 

156 

169 

163 

158 

154 

43 

42 

45 

49 

53 

61 

65 

64 

69 

74 

78 

83 

95 

99 

102 

113 

118 

124 

132 

143 

149 

145 

141 

154 

151 

160 

165 

160 

160 

155 

42 

42 

43 

48 

51 

58 

63 

66 

66 

72 

77 

81 

85 

91 

92 

98 

100 

104 

116 

122 

128 

138 

147 

151 

138 

151 

154 

157 

164 

163 

158 

156 

727. Italy- index of industrial 

[1967=100] 

production 

Average for period 

20.6 

23.2 

24.7 

29.3 

29.3 

31.3 

34.9 

37.7 

38.7 

44.5 

45.3 

49.7 

57.4 

63.3 

71.4 

74.1 

79.9 

80.3 

88.5 

99.4 

102.5 

109.5 

118.3 

116.1 

119.5 

121.7 

140.6 

130.2 

137.2 

149.7 

146.1 

160.0 

176.1 

170.3 

169.8 

20.8 

22.1 

25.1 

30.0 

29.3 

31.9 

34.9 

38.2 

40.4 

44.5 

45.2 

49.9 

58.2 

63.2 

70.8 

76.1 

81.6 

79.3 

90.7 

97.8 

102.5 

112.8 

117.8 

117.4 

119.7 

122.7 

142.8 

124.9 

138.2 

151.0 

145.9 

156.0 

174.6 

169.3 

165.7 

20.8 

22.4 

25.8 

30.0 

29.7 

31.9 

35.3 

37.9 

41.5 

45.2 

45.1 

50.0 

58.4 

63.8 

71.3 

78.0 

80.6 

80.5 

88.8 

99.7 

104.3 

113.5 

116.8 

114.0 

118.3 

130.8 

146.6 

126.8 

139.1 

142.5 

143.5 

156.7 

176.1 

168.4 

164.7 

22.4 

24.2 

25.8 

30.0 

30.4 

30.9 

34.9 

38.3 

42.0 

44.7 

45.2 

50.0 

59.1 

64.6 

72.2 

77.9 

79.7 

83.2 

92.1 

100.5 

105.7 

111.4 

115.0 

114.6 

120.4 

132.5 

142.6 

118.8 

143.8 

147.1 

143.8 

151.9 

162.3 

158.0 

162.7 

21.3 

25.1 

26.4 

29.7 

30.0 

31.9 

34.3 

39.3 

42.0 

45.2 

46.3 

49.7 

60.4 

65.6 

70.3 

79.3 

78.3 

84.0 

92.5 

100.0 

105.5 

114.5 

115.1 

114.3 

119.9 

135.2 

144.4 

125.1 

141.4 

139.8 

145.3 

145.1 

167.4 

159.8 

154.9 

21.3 

24.2 

25.8 

30.0 

30.0 

32.7 

35.6 

39.3 

42.6 

45.6 

46.7 

50.1 

60.3 

66.6 

72.8 

78.7 

79.8 

84.6 

93.4 

100.1 

106.3 

115.0 

118.3 

113.8 

117.5 

138.8 

142.1 

127.5 

143.7 

141.1 

144.4 

150.4 

165.2 

165.2 

159.6 

24.2 

24.7 

27.1 

29.7 

30.6 

33.0 

35.8 

39.1 

42.1 

45.8 

46.6 

51.9 

60.5 

66.8 

73.0 

79.8 

74.9 

83.5 

95.8 

100.5 

106.0 

113.2 

115.2 

117.5 

123.6 

139.2 

139.8 

126.3 

141.1 

142.8 

143.7 

150.1 

141.5 

137.2 

146.4 

23.6 

24.2 

27.1 

29.7 

30.9 

32.7 

36.5 

39.3 

43.1 

46.3 

47.3 

53.0 

61.3 

67.4 

71.7 

81.3 

79.1 

84.6 

96.1 

100.0 

109.1 

107.0 

118.8 

118.1 

117.3 

137.3 

142.3 

126.1 

146.7 

144.5 

146.2 

159.4 

160.8 

164.1 

154.1 

23.2 

24.2 

27.3 

28.7 

30.9 

33.6 

36.5 

39.3 

43.3 

44.5 

47.6 

54.1 

60.5 

68.7 

72.7 

81.5 

79.1 

85.0 

94.9 

101.1 

109.9 

102.2 

116.0 

116.2 

128.3 

141.5 

135.5 

129.2 

145.1 

140.9 

154.3 

166.8 

163.2 

158.4 

149.7 

23.8 

24.2 

28.0 

28.4 

31.3 

34.9 

36.5 

39.7 

42.6 

45.1 

48.0 

55.3 

60.8 

69.5 

74.2 

81.1 

79.4 

87.2 

95.4 

101.8 

106.0 

99.9 

117.5 

119.7 

127.3 

141.1 

128.2 

130.6 

150.4 

142.0 

154.7 

167.3 

169.5 

168.1 

155.5 

23.2 

23.8 

29.0 

29.0 

30.9 

34.9 

36.9 

39.6 

43.5 

45.6 

48.0 

56.0 

60.9 

70.1 

75.9 

80.5 

79.7 

86.8 

97.5 

101.6 

110.7 

104.2 

117.9 

124.0 

129.9 

141.8 

126.3 

129.1 

155.1 

137.9 

151.9 

164.7 

159.4 

160.4 

151.8 

20.3 

22.8 

24.7 

29.3 

29.3 

31.5 

34.8 

37.7 

39.7 

44.2 

45.6 

49.2 

57.1 

62.8 

71.1 

75.4 

81.4 

79.7 

89.3 

98.3 

102.5 

111.7 

117.7 

116.5 

120.2 

122.4 

143.0 

127.8 

135.4 

150.7 

145.3 

156.3 

173.2 

166.1 

165.8 

21.5 

23.9 

26.0 

29.9 

30.0 

31.6 

34.8 

38.5 

41.8 

45.0 

45.5 

49.9 

59.3 

64.7 

71.3 

78.4 

79.5 

82.6 

91.1 

100.1 

105.2 

113.1 

115.6 

114.3 

119.5 

132.8 

144.5 

123.6 

141.4 

143.1 

144.2 

151.2 

168.6 

162.1 

160.8 

23.0 

24.4 

26.7 

29.8 

30.5 

32.8 

36.0 

39.2 

42.6 

45.9 

46.9 

51.7 

60.7 

66.9 

72.5 

79.9 

77.9 

84.2 

95.1 

100.2 

107.1 

111.7 

117.4 

116.5 

119.5 

138.4 

141.4 

126.6 

143.8 

142.8 

144.8 

153.3 

155.8 

155.5 

153.4 

23.4 

24.1 

28.1 

28.7 

31.0 

34.5 

36.6 

39.5 

43.1 

45.1 

47.9 

55.1 

60.7 

69.4 

74.3 

81.0 

79.4 

86.3 

95.9 

101.5 

108.9 

102.1 

117.1 

120.0 

128.5 

141.5 

130.0 

129.6 

150.2 

140.3 

153.6 

166.3 

164.0 

162.3 

152.3 

22.1 

23.8 

26.4 

29.4 

30.2 

32.6 

35.6 

38.8 

41.8 

45.1 

46.5 

51.5 

59.5 

66.0 

72.3 

78.7 

79.6 

83.2 

92.9 

100.0 

105.9 

109.7 

117.0 

116.8 

121.9 

133.8 

139.7 

126.9 

142.7 

144.2 

147.0 

156.8 

165.4 

161.5 

158.1 

728. Japan—index of industrial 

[1967=100] Average for period 

5.3 

7.4 

8.5 

11.7 

14.0 

15.0 

18.2 

19.5 

23.3 

28.1 

28.8 

31.6 

40.8 

47.9 

55.5 

57.4 

69.3 

73.4 

77.0 

91.9 

110.1 

125.8 

146.9 

154.9 

159.8 

186.4 

198.2 

161.8 

176.9 

188.8 

195.7 

208.9 

234.5 

225.8 

231.2 

5.5 

7.7 

8.3 

12.6 

13.4 

16.2 

19.0 

19.7 

22.8 

28.1 

28.8 

32.1 

41.3 

49.4 

55.4 

58.2 

68.9 

74.4 

79.3 

94.9 

110.6 

126.0 

148.4 

156.4 

162.6 

189.6 

193.7 

159.7 

179.3 

191.4 

199.0 

211.4 

228.1 

226.3 

233.2 

5.6 

7.7 

9.0 

13.1 

13.8 

16.4 

18.7 

19.7 

23.6 

29.1 

28.6 

32.4 

41.8 

49.1 

55.9 

59.8 

69.4 

73.4 

80.5 

95.2 

111.2 

129.6 

149.8 

155.5 

161.7 

188.8 

190.1 

163.5 

181.8 

190.4 

199.7 

211.9 

231.9 

226.6 

230.2 

5.9 

7.4 

9.3 

13.4 

14.0 

16.5 

18.2 

19.7 

24.3 

30.6 

27.9 

33.6 

42.0 

50.4 

56.4 

60.5 

70.4 

72.6 

81.7 

97.2 

114.7 

132.4 

151.4 

151.7 

164.3 

190.9 

190.2 

163.3 

181.0 

189.8 

199.8 

216.2 

230.6 

223.3 

228.1 

6.1 

7.9 

9.6 

13.5 

14.0 

16.8 

18.2 

19.7 

25.0 

30.4 

27.8 

34.4 

42.5 

51.1 

55.5 

60.2 

71.6 

73.9 

82.8 

99.0 

113.1 

131.6 

153.9 

155.0 

165.0 

192.6 

185.5 

165.1 

184.5 

191.1 

201.0 

217.4 

227.6 

228.3 

231.2 

6.4 

7.9 

9.9 

13.7 

14.6 

17.0 

18.1 

20.3 

25.5 

30.6 

28.6 

34.9 

43.0 

51.9 

54.7 

62.3 

71.9 

73.9 

84.3 

100.0 

114.2 

133.2 

153.9 

155.5 

164.8 

190.7 

183.6 

166.9 

186.0 

187.9 

203.3 

218.2 

226.9 

230.7 

229.9 

6.5 

8.0 

10.3 

13.5 

14.7 

17.5 

17.6 

20.8 

26.0 

29.6 

28.8 

35.4 

43.6 

52.7 

55.9 

63.6 

71.9 

73.9 

85.8 

101.8 

117.4 

134.5 

153.2 

156.4 

169.3 

195.7 

181.3 

166.6 

186.4 

191.6 

205.3 

221.8 

220.0 

229.6 

230.9 

6.8 

7.9 

10.8 

13.5 

15.5 

17.6 

18.1 

21.2 

26.4 

29.6 

28.9 

36.2 

44.5 

52.6 

55.0 

63.8 

73.9 

74.4 

86.9 

104.6 

116.7 

137.2 

154.0 

157.9 

170.9 

193.1 

179.3 

168.6 

186.3 

191.2 

206.4 

218.2 

224.1 

233.1 

231.7 

6.8 

8.0 

11.4 

13.1 

14.7 

18.1 

18.2 

21.3 

27.1 

29.3 

29.6 

37.0 

45.0 

53.7 

54.7 

65.6 

73.9 

74.5 

88.3 

105.3 

119.7 

141.0 

154.2 

156.0 

172.7 

196.4 

175.4 

168.8 

186.0 

190.1 

206.9 

222.6 

226.0 

234.5 

225.5 

6.8 

8.2 

11.8 

13.8 

14.3 

18.2 

18.4 

21.7 

27.4 

29.3 

29.4 

37.7 

46.0 

54.4 

55.0 

66.6 

73.1 

75.7 

90.4 

107.9 

122.8 

141.2 

152.7 

157.9 

176.0 

198.0 

172.6 

166.0 

188.9 

193.4 

207.8 

225.1 

222.8 

234.5 

230.6 

7.1 

8.6 

11.8 

14.0 

14.3 

18.5 

18.7 

22.1 

27.6 

28.9 

30.2 

39.0 

46.4 

54.9 

54.7 

67.1 

74.9 

75.7 

92.2 

108.8 

122.3 

144.0 

156.0 

157.2 

180.2 

197.7 

169.8 

169.6 

190.1 

194.9 

209.9 

224.5 

226.3 

233.9 

228.4 

5.3 

7.4 

8.4 

12.1 

13.8 

15.3 

18.6 

19.5 

23.0 

27.9 

28.8 

31.4 

40.4 

48.2 

55.6 

57.2 

68.7 

73.9 

77.7 

93.2 

109.7 

125.2 

147.0 

155.7 

160.1 

186.9 

196.7 

161.6 

176.3 

190.5 

197.1 

209.9 

229.6 

226.3 

232.3 

5.9 

7.7 

9.3 

13.3 

13.9 

16.6 

18.4 

19.7 

24.3 

30.0 

28.1 

33.5 

42.1 

50.2 

55.9 

60.2 

70.5 

73.3 

81.7 

97.1 

113.0 

131.2 

151.7 

154.1 

163.7 

190.8 

188.6 

164.0 

182.4 

190.4 

200.2 

215.2 

230.0 

226.1 

229.8 

6.6 

7.9 

10.3 

13.6 

14.9 

17.4 

17.9 

20.8 

26.0 

29.9 

28.8 

35.5 

43.7 

52.4 

55.2 

63.2 

72.6 

74.1 

85.7 

102.1 

116.1 

135.0 

153.7 

156.6 

168.3 

193.2 

181.4 

167.4 

186.2 

190.2 

205.0 

219.4 

223.7 

231.1 

230.8 

6.9 

8.3 

11.7 

13.6 

14.4 

18.3 

18.4 

21.7 

27.4 

29.2 

29.7 

37.9 

45.8 

54.3 

54.8 

66.4 

74.0 

75.3 

90.3 

107.3 

121.6 

142.1 

154.3 

157.0 

176.3 

197.4 

172.6 

168.1 

188.3 

192.8 

208.2 

224.1 

225.0 

234.3 

228.2 

6.2 

7.8 

9.9 

13.2 

14.3 

16.9 

18.3 

20.4 

25.2 

29.2 

28.8 

34.6 

43.0 

51.3 

55.4 

61.8 

71.4 

74.2 

83.8 

100.0 

115.1 

133.4 

151.7 

155.8 

167.1 

192.1 

184.8 

165.3 

183.3 

191.0 

202.6 

217.1 

227.1 

229.5 

230.3 

124 

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Year 

Monthly 

Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. UL 

Quarterly 

IIQ III Q IV Q 

Annual 

732. United Kingdom—index of consumer prices ® 

[1967 = 100] Average for period 

1947 

1948 48.4 

1949 50.8 

1950 52.8 

1951 54.5 

1952 61.6 

1953 64.7 

1954 65.3 

1955 68.0 

1956 71.3 

1957 74.5 

1958 77.1 

1959 78.7 

I960..: 78.4 

1961 80.1 

1962 83.8 

1963 86.1 

1964 87.8 

1965 91.8 

1966 95.8 

1967 99.3 

1968 101.9 

1969 108.2 

1970 113.5 

1971 123.3 

1972 133.3 

1973 143.6 

1974 160.6 

1975 192.6 

1976 237.6 

1977 276.9 

1978 304.4 

1979 332.9 

1980 394.1 

1981 445.5 

1982 499.0 

1947 

1948 

1949 1.2 

1950 2.3 

1951 10.3 

1952 8.8 

1953 3.4 

1954 2.2 

1955 3.6 

1956 7.5 

1957 1.6 

1958 4.0 

1959 -.5 

1960 1.3 

1961 2.3 

1962 5.4 

1963 3.5 

1964 2.8 

1965 5.6 

1966 3.2 

1967 1.4 

1968 8.0 

1969 5.9 

1970 6.7 

1971 10.8 

1972 4.8 

1973 7.5 

1974 18.1 

1975 27.3 

1976 13.7 

1977 18.9 

1978 6.7 

1979 11.2 

1980 20.2 

1981 13.0 

1982 8.4 

1947 

1948 62.2 

1949 67.0 

1950 67.2 

1951 72.2 

1952 79.2 

1953 77.6 

1954 77.6 

1955 78.1 

1956 78.3 

1957 80.7 

1958 82.7 

1959 84.6 

1960 85.5 

1961 86.6 

1962 87.0 

1963 88.5 

1964 90.0 

1965 91.8 

1966 94.7 

1967 97.9 

1968 102.4 

1969 106.2 

1970 111.0 

1971 112.9 

1972 118.4 

1973 125.2 

1974 136.5 

1975 153.1 

1976 167.7 

1977 178.0 

1978 194.0 

1979 211.2 

1980 231.3 

1981 259.1 

1982 288.7 

49.5 

50.8 

52.8 

55.0 

62.0 

64.7 

65.3 

68.0 

71.3 

74.4 

76.7 

78.7 

78.4 

80.1 

83.9 

86.8 

87.9 

91.8 

95.9 

99.4 

102.5 

108.8 

114.1 

123.9 

134.0 

144.5 

163.4 

195.8 

240.6 

279.7 

306.2 

335.6 

399.7 

449.5 

499.1 

49.5 

50.8 

52.8 

55.5 

62.0 

65.3 

65.7 

68.0 

72.3 

74.3 

77.3 

78.7 

78.3 

80.4 

84.3 

87.0 

88.1 

92.1 

96.0 

99.4 

102.7 

109.2 

114.8 

124.9 

134.3 

145.4 

164.8 

199.7 

241.9 

282.4 

308.1 

338.3 

405.1 

456.2 

503.5 

50.4 

50.8 

53.1 

56.4 

63.0 

65.7 

66.2 

68.5 

73.7 

74.5 

78.1 

78.1 

78.7 

80.8 

85.4 

87.2 

89.0 

93.9 

97.2 

100.1 

104.6 

110.3 

116.6 

127.6 

135.6 

148.1 

170.4 

207.4 

246.6 

289.6 

312.6 

344.1 

419.0 

469.4 

513.6 

50.4 

51.7 

53.1 

57.8 

63.0 

65.3 

65.7 

68.5 

73.2 

74.6 

77.9 

77.9 

78.7 

81.1 

85.7 

87.1 

89.7 

94.2 

97.9 

100.1 

104.7 

110.3 

116.9 

128.4 

136.3 

149.2 

172.9 

216.1 

249.3 

291.9 

314.4 

346.8 

422.8 

472.4 

517.3 

51.4 

51.7 

53.1 

58.3 

64.4 

65.7 

66.2 

69.9 

73.2 

75.4 

78.6 

77.9 

79.1 

81.7 

86.3 

87.1 

90.0 

94.5 

98.1 

100.5 

105.1 

110.7 

117.3 

129.4 

137.3 

149.9 

174.6 

220.2 

250.6 

294.9 

316.8 

352.8 

426.8 

475.2 

518.9 

50.4 

51.7 

53.1 

58.8 

64.4 

65.7 

67.7 

69.9 

72.7 

76.0 

77.3 

77.8 

79.3 

81.7 

85.9 

86.6 

90.0 

94.5 

97.8 

99.9 

105.2 

109.9 

118.1 

130.1 

137.6 

150.6 

176.2 

222.5 

251.1 

295.3 

318.2 

368.0 

430.4 

477.3 

518.9 

50.4 

51.7 

52.8 

59.2 

63.9 

65.3 

67.1 

69.4 

73.2 

75.9 

77.3 

77.9 

78.7 

82.6 

85.2 

86.4 

90.0 

94.6 

98.4 

99.9 

105.4 

110.5 

118.0 

130.2 

138.7 

151.0 

176.4 

223.8 

254.6 

296.7 

320.3 

370.9 

431.3 

480.8 

519.0 

50.4 

52.1 

53.1 

59.7 

63.3 

65.3 

66.6 

69.9 

73.2 

75.7 

77.3 

77.6 

78.7 

82.4 

85.1 

86.6 

90.4 

94.7 

98.1 

99.6 

105.4 

110.9 

118.6 

130.3 

139.5 

152.4 

178.3 

225.7 

258.0 

298.3 

321.6 

374.6 

434.1 

483.5 

518.7 

50.4 

52.4 

53.6 

60.2 

64.4 

65.3 

67.1 

70.9 

73.7 

76.4 

78.0 

77.9 

79.4 

82.6 

85.0 

87.0 

90.5 

94.8 

98.4 

99.6 

106.0 

111.6 

119.9 

131.1 

141.4 

155.3 

181.8 

228.9 

262.7 

299.6 

323.1 

378.5 

436.8 

487.9 

521.3 

50.8 

52.2 

54.1 

60.2 

64.4 

65.3 

67.7 

71.8 

73.7 

76.9 

78.3 

78.5 

79.8 

83.4 

85.3 

87.2 

91.2 

95.2 

98.9 

100.9 

106.2 

111.9 

120.7 

131.8 

142.0 

156.5 

185.1 

231.6 

266.3 

301.0 

325.3 

381.8 

440.3 

493.0 

523.9 

50.8 

52.8 

54.2 

60.6 

64.4 

65.3 

67.7 

71.8 

74.1 

77.2 

78.6 

78.6 

80.0 

83.5 

85.8 

87.3 

91.3 

95.7 

99.2 

101.4 

107.6 

112.7 

121.5 

132.5 

142.7 

157.7 

187.8 

234.5 

269.9 

302.6 

328.0 

384.6 

442.7 

496.1 

522.9 

49.1 

50.8 

52.8 

55.0 

61.9 

64.9 

65.4 

68.0 

71.6 

74.4 

77.0 

78.7 

78.4 

80.2 

84.0 

86.6 

87.9 

91.9 

95.9 

99.4 

102.4 

108.7 

114.1 

124.0 

133.9 

144.5 

162.9 

196.0 

240.0 

279.7 

306.2 

335.6 

399.6 

450.4 

500.5 

50.7 

51.4 

53.1 

57.5 

63.5 

65.6 

66.0 

69.0 

73.4 

74.8 

78.2 

78.0 

78.8 

81.2 

85.8 

87.1 

89.6 

94.2 

97.7 

100.2 

104.8 

110.4 

116.9 

128.5 

136.4 

149.1 

172.6 

214.6 

248.8 

292.1 

314.6 

347.9 

422.9 

472.3 

516.6 

50.4 

51.8 

53.0 

59.2 

63.9 

65.4 

67.1 

69.7 

73.0 

75.9 

77.3 

77.8 

78.9 

82.2 

85.4 

86.5 

90.1 

94.6 

98.1 

99.8 

105.3 

110.4 

118.2 

130.2 

138.6 

151.3 

177.0 

224.0 

254.6 

296.8 

320.0 

371.2 

431.9 

480.5 

518.9 

50.7 

52.5 

54.0 

60.3 

64.4 

65.3 

67.5 

71.5 

73.8 

76.8 

78.3 

78.3 

79.7 

83.2 

85.4 

87.2 

91.0 

95.2 

98.8 

100.6 

106.6 

112.1 

120.7 

131.8 

142.0 

156.5 

184.9 

231.7 

266.3 

301.1 

325.5 

381.6 

439.9 

492.3 

522.7 

50.2 

51.6 

53.2 

58.0 

63.4 

65.3 

66.5 

69.6 

73.0 

75.5 

77.7 

78.2 

79.0 

81.7 

85.1 

86.9 

89.7 

94.0 

97.6 

100.0 

104.8 

110.4 

117.5 

128.6 

137.7 

150.4 

174.4 

216.6 

252.4 

292.4 

316.6 

359.1 

423.6 

473.9 

514.7 

732c. United Kingdom--change in index of consumer prices 

[Annual rate, percent] 

over 6-month spans4 

Average for period 

2.8 

3.1 

13.8 

9.5 

3.1 

1.5 

3.0 

4.5 

3.0 

3.2 

-.5 

.5 

3.0 

4.9 

3.1 

4.4 

5.1 

4.0 

.8 

5.8 

6.1 

7.1 

11.0 

4.7 

7.7 

18.6 

32.0 

12.7 

17.1 

6.5 

11.0 

19.8 

12.1 

7.3 

2.4 

0 

14.5 

11.5 

2.8 

1.8 

6.0 

3.7 

3.8 

3.9 

-1.5 

1.0 

3.5 

5.6 

1.6 

4.6 

5.3 

3.6 

1.2 

6.0 

4.3 

6.7 

11.5 

5.0 

7.5 

18.5 

32.4 

10.4 

16.1 

6.6 

12.5 

19.5 

11.6 

6.0 

7.6 

2.8 

0 

15.2 

7.9 

1.5 

5.9 

4.2 

3.1 

3.2 

.3 

-2.5 

2.1 

3.5 

4.6 

.7 

4.6 

5.5 

3.8 

.8 

6.2 

2.6 

7.5 

10.3 

5.2 

8.4 

18.1 

30.6 

10.0 

11.9 

7.5 

20.3 

17.2 

12.5 

6.0 

4.5 

4.0 

0 

15.4 

5.9 

1.2 

5.3 

3.8 

5.4 

4.1 

2.1 

-1.5 

1.3 

6.8 

3.6 

-.7 

4.8 

6.2 

5.5 

1.2 

5.9 

3.5 

7.3 

10.7 

7.3 

9.2 

16.1 

29.8 

11.8 

11.8 

8.4 

20.5 

14.4 

12.1 

6.0 

3.2 

4.8 

.8 

15.3 

4.2 

0 

3.4 

6.6 

3.3 

4.9 

1.0 

-1.8 

1.8 

5.8 

2.4 

-.7 

5.5 

5.9 

4.6 

.8 

6.1 

3.9 

7.4 

9.5 

8.3 

10.1 

17.3 

28.0 

13.5 

10.9 

8.1 

21.4 

13.3 

10.7 

4.7 

0.4 

6.8 

2.3 

14.3 

5.2 

-.6 

3.4 

7.8 

.5 

5.7 

.5 

.3 

2.8 

6.1 

.5 

1.4 

5.3 

3.9 

4.4 

1.0 

4.9 

4.6 

7.9 

7.7 

11.0 

12.1 

16.4 

24.5 

16.3 

9.2 

9.0 

23.4 

10.9 

10.4 

5.3 

2.4 

2.7 

4.2 

8.9 

4.5 

-.3 

5.5 

9.2 

.8 

5.4 

.5 

1.3 

2.8 

6.3 

-.2 

1.6 

4.8 

3.9 

3.7 

3.4 

4.7 

4.8 

8.6 

7.3 

10.9 

12.7 

18.1 

18.9 

17.3 

9.1 

9.6 

24.1 

11.3 

11.8 

5.3 

-1.6 

5.5 

5.4 

9.5 

1.3 

0 

5.2 

5.8 

2.5 

4.3 

-.3 

1.8 

2.8 

5.5 

.2 

1.9 

4.8 

4.1 

3.7 

3.2 

6.4 

5.3 

9.1 

7.0 

10.7 

13.9 

19.9 

18.0 

19.3 

8.4 

10.2 

22.5 

11.1 

12.5 

4.2 

2.4 

5.1 

6.5 

10.9 

2.2 

.3 

2.4 

5.2 

5.9 

3.5 

3.9 

1.8 

2.5 

5.7 

.9 

3.5 

4.5 

3.2 

3.5 

4.5 

6.2 

7.2 

9.9 

6.1 

10.5 

15.5 

22.0 

16.3 

23.5 

8.0 

11.2 

16.8 

9.1 

11.5 

4.0 

0.8 

4.3 

8.9 

10.0 

2.8 

.6 

3.0 

5.8 

3.3 

1.8 

3.1 

.8 

3.1 

2.7 

3.3 

3.5 

4.0 

2.5 

1.8 

5.1 

6.3 

6.2 

10.0 

5.7 

8.5 

17.5 

23.7 

15.9 

20.9 

7.4 

11.0 

18.0 

10.6 

9.9 

5.6 

2.0 

3.1 

9.6 

8.2 

6.4 

.9 

3.6 

6.1 

2.2 

3.2 

2.6 

.8 

3.6 

3.9 

4.3 

3.2 

3.8 

2.5 

2.5 

5.7 

6.5 

6.4 

10.3 

5.9 

8.4 

17.0 

25.4 

14.2 

20.1 

7.3 

11.6 

18.3 

12.0 

10.0 

4.6 

2.1 

1.8 

12.9 

9.9 

3.1 

1.8 

4.2 

5.2 

2.8 

3.7 

-.8 

.9 

2.9 

5.3 

2.7 

3.9 

5.3 

3.6 

1.1 

6.6 

5.4 

6.8 

11.1 

4.8 

7.6 

18.4 

30.6 

12.3 

17.4 

6.6 

11.6 

19.8 

12.2 

7.2 

5.1 

3.9 

.3 

15.3 

6.0 

.9 

4.9 

0.4 

5.0 

4.0 

10.9 

3.7 

-.3 

4.7 

1.7 

4.2 

8.3 

9.7 

3.8 

.6 

3.0 

5.9 

4.6 

.9 

6.1 

3.3 

7.4 

10.2 

6.9 

9.2 

17.2 

•29.5 

11.8 

11.5 

8.0 

20.7 

15.0 

11.8 

5.6 

4.0 

3.9 

2.5 

5.3 

4.9 

8.5 

7.3 

10.9 

12.9 

18.1 

20.5 

17.6 

8.9 

9.6 

23.3 

11.1 

11.6 

4.9 

2.7 

2.6 

5.1 

6.3 

6.6 

10.1 

5.9 

9.1 

16.7 

23.7 

15.5 

21.5 

7.6 

11.3 

17.7 

10.6 

10.5 

4.7 

3.8 

3.6 

12.2 

5.8 

1.1 

3.6 

4.9 

3.9 

4.1 

1.1 

1.9 

1.7 

5.4 

3.5 

-.2 

5.0 

7.6 

1.3 

5.1 

.2 

1.1 

2.8 

6.0 

.2 

1.6 

5.0 

5.7 

3.8 

2.8 

3.2 

1.1 

3.1 

4.1 

2.8 

3.4 

4.1 

5.6 

3.6 

3.7 

2.1 

-.1 

2.1 

4.6 

3.0 

1.9 

4.5 

4.5 

3.7 

2.4 

6.1 

5.1 

8.2 

8.6 

7.9 

11.6 

19.4 

24.0 

15.8 

11.3 

8.9 

18.3 

14.1 

11.5 

5.6 

733. Canada—index of 

[1967=100] Average for period 

63.0 

66.9 

67.2 

73.3 

78.9 

77.4 

77.6 

78.0 

78.1 

80.8 

83.0 

84.3 

85.3 

86.4 

87.1 

88.7 

90.2 

92.0 

95.3 

98.0 

102.4 

106.2 

111.5 

113.4 

119.0 

125.8 

137.9 

154.2 

168.3 

179.7 

195.3 

213.2 

233.3 

261.7 

292.1 

63.4 

66.6 

67.6 

74.4 

78.4 

77.0 

77.4 

77.8 

78.1 

80.8 

83.4 

84.2 

85.1 

86.5 

87.0 

88.7 

90.2 

92.1 

95.5 

98.2 

102.7 

106.7 

111.7 

113.7 

119.0 

126.2 

139.3 

155.0 

169.0 

181.5 

197.5 

215.7 

235.8 

265.2 

295.8 

63.6 

66.6 

67.9 

74.9 

78.3 

76.9 

77.5 

77.9 

78.2 

81.1 

83.9 

84.2 

85.5 

86.5 

87.4 

88.8 

90.6 

92.4 

96.1 

99.1 

103.4 

108.0 

112.4 

114.5 

119.8 

127.6 

140.3 

155.8 

169.7 

182.5 

197.9 

217.2 

237.2 

267.2 

297.5 

64.3 

66.5 

67.9 

75.3 

77.8 

76.7 

77.4 

78.1 

78.2 

81.1 

83.8 

84.2 

85.4 

86.5 

87.2 

88.8 

90.6 

92.5 

96.2 

99.3 

103.5 

108.2 

112.2 

114.9 

119.8 

128.5 

142.7 

157.1 

171.1 

184.0 

200.7 

219.3 

240.0 

269.6 

301.5 

64.8 

66.7 

68.3 

76.2 

77.8 

77.0 

77.9 

77.8 

79.0 

81.6 

83.8 

84.5 

85.6 

86.5 

87.5 

89.1 

90.7 

93.3 

96.4 

99.8 

103.8 

109.1 

112.6 

115.2 

120.0 

129.7 

144.5 

159.4 

171.9 

185.3 

202.4 

220.3 

242.7 

273.8 

304.5 

65.7 

67.1 

68.9 

76.9 

77.9 

77.4 

77.9 

77.8 

79.4 

81.8 

83.6 

84.5 

85.5 

86.5 

87.9 

89.4 

91.3 

93.6 

96.7 

100.8 

104.3 

109.6 

113.0 

116.2 

121.5 

130.8 

145.5 

161.6 

172.6 

187.1 

205.4 

222.1 

244.5 

276.2 

306.1 

66.1 

67.3 

69.6 

77.4 

77.8 

77.6 

78.5 

78.1 

79.9 

82.2 

83.9 

84.7 

85.7 

86.5 

88.1 

89.9 

91.3 

93.5 

97.2 

101.2 

104.6 

109.9 

113.0 

117.0 

122.4 

132.6 

146.9 

163.2 

173.4 

187.9 

205.5 

222.9 

246.8 

278.2 

307.6 

66.6 

67.3 

69.9 

78.1 

77.9 

77.9 

78.3 

78.3 

79.8 

82.7 

84.2 

85.3 

86.1 

86.5 

87.9 

89.4 

91.0 

93.3 

97.3 

101.1 

104.9 

109.7 

112.8 

116.7 

122.8 

133.4 

147.9 

163.6 

174.2 

188.9 

205.2 

224.9 

249.0 

280.2 

309.2 

67.0 

67.5 

71.0 

78.5 

77.8 

78.2 

78.3 

78.4 

80.3 

82.7 

84.5 

85.8 

86.9 

86.6 

88.2 

89.6 

91.0 

93.4 

97.4 

100.9 

105.2 

109.9 

112.9 

116.9 

123.0 

133.7 

149.2 

165.1 

175.4 

190.8 

207.3 

226.5 

251.2 

283.0 

311.2 

67.0 

67.8 

71.3 

79.1 

77.9 

77.9 

78.3 

78.4 

80.7 

82.7 

84.7 

86.1 

86.9 

87.0 

8S.4 

89.9 

91.1 

94.0 

97.5 

101.2 

105.6 

110.3 

112.9 

117.3 

123.3 

134.7 

150.9 

166.6 

176.0 

192.0 

209.0 

228.7 

254.3 

285.4 

313.3 

66.6 

67.4 

71.5 

79.2 

77.6 

77.6 

78.2 

78.4 

80.8 

82.6 

84.6 

85.7 

86.9 

87.1 

88.4 

90.0 

91.7 

94.4 

97.8 

101.8 

106.4 

110.8 

112.5 

118.1 

124.2 

135.5 

152.4 

166.8 

176.5 

193.3 

209.6 

230.1 

255.8 

286.7 

313.4 

62.9 

66.8 

67.3 

73.3 

78.8 

77.3 

77.5 

78.0 

78.2 

80.8 

83.0 

84.4 

85.3 

86.5 

87.0 

88.6 

90.1 

92.0 

95.2 

98.0 

102.5 

106.4 

111.4 

113.3 

118.8 

125.7 

137.9 

154.1 

168.3 

179.7 

195.6 

213.4 

233.5 

262.0 

292.2 

64.2 

66.6 

68.0 

75.5 

78.0 

76.9 

77.6 

77.9 

78.5 

81.3 

83.8 

84.3 

85.5 

86.5 

87.4 

88.9 

90.6 

92.7 

96.2 

99.4 

103.6 

108.4 

112.4 

114.9 

119.9 

128.6 

142.5 

157.4 

170.9 

183.9 

200.3 

218.9 

240.0 

270.2 

301.2 

66.1 

67.2 

69.5 

77.5 

77.9 

77.6 

78.2 

78.1 

79.7 

82.2 

83.9 

84.8 

85.8 

86.5 

88.0 

89.6 

91.2 

93.5 

97.1 

101.0 

104.6 

109.7 

112.9 

116.6 

122.2 

132.3 

146.8 

162.8 

173.4 

188.0 

205.4 

223.3 

246.8 

278.2 

307.6 

66.9 

67.6 

71.3 

78.9 

77.8 

77.9 

78.3 

78.4 

80.6 

82.7 

84.6 

85.9 

86.9 

86.9 

88.3 

89.8 

91.3 

93.9 

97.6 

101.3 

105.7 

110.3 

112.8 

117.4 

123.5 

134.6 

150.8 

166.2 

176.0 

192.0 

208.6 

228.4 

253.8 

285.0 

312.6 

65.0 

67.1 

69.0 

76.3 

78.1 

77.4 

77.9 

78.1 

79.2 

81.7 

83.8 

84.8 

85.9 

86.6 

87.7 

89.2 

90.8 

93.0 

96.5 

99.9 

104.1 

108.7 

112.4 

115.6 

121.1 

130.3 

144.5 

160.1 

172.2 

185.9 

202.5 

221.0 

243.5 

273.9 

303.4 

See footnotes at end of this part. 125 

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Year 

1947 

1948 

1949 

1950 

1951 

1952 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

1947 ..., 

1948 

1949 

1950 

1951 

1952 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

1947 

1948 

1949 

1950 

1951 

1952 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

Jan. 

0.6 

2.7 

13.2 

.8 

-1.0 

-.5 

.3 

.8 

3.3 

3.9 

.2 

.2 

-.2 

2.3 

1.4 

2.0 

2.7 

5.2 

2.7 

4.2 

4.6 

4.0 

2.5 

4.8 

7.8 

10.6 

9.6 

6.3 

9.0 

8.0 

10.2 

9.9 

13.1 

10.5 

76.2 

70.5 

70.5 

77.0 

75.4 

73.8 

75.4 

77.0 

78.5 

80.6 

81.2 

82.7 

83.9 

86.6 

89.0 

91.6 

93.5 

97.3 

99.8 

101.4 

102.9 

105.7 

110.1 

116.1 

123.3 

132.5 

140.6 

148.0 

153.7 

158.3 

162.9 

171.0 

180.9 

192.3 

-8.2 

-9.2 

14.4 

-.5 

-2.6 

1.9 

-.5 

3.7 

1.3 

3.0 

.5 

.2 

1.7 

4.0 

4.8 

2.0 

2.6 

3.8 

1.0 

1.6 

1.8 

4.5 

6.4 

4.4 

6.7 

7.7 

6.0 

4.4 

3.7 

2.4 

4.4 

5.6 

6.6 

3.0 

Feb. 

0.6 

2.4 

14.3 

-1.0 

-.8 

1.0 

1.3 

1.3 

2.5 

4.4 

.5 

-.2 

.2 

1.6 

1.8 

2.0 

3.3 

4.5 

3.5 

4.2 

4.6 

3.3 

3.4 

4.1 

8.6 

12.2 

8.4 

5.2 

9.1 

8.8 

9.7 

9.7 

12.2 

11.4 

75.4 

69.7 

71.3 

77.0 

75.4 

73.8 

75.4 

77.0 

78.5 

80.9 

81.1 

82.4 

83.9 

86.8 

89.9 

91.7 

93.5 

97.4 

99.8 

101.5 

103.2 

106.0 

110.8 

116.7 

124.2 

133.7 

141.4 

148.9 

154.3 

159.1 

163.6 

172.8 

182.3 

192.8 

-4.4 

-11.2 

16.3 

-3.1 

-1.3 

2.7 

.3 

2.1 

.8 

3.3 

.2 

1.0 

1.9 

2.8 

3.9 

1.8 

3.0 

3.6 

1.0 

1.8 

1.6 

4.5 

6.6 

4.8 

7.2 

6.5 

5.5 

3.8 

3.8 

2.4 

4.3 

5.6 

6.2 

3.5 

Mar. Apr. 

733c. Canada0.9 

3.6 

14.8 

-2.8 

-.8 

1.8 

-.3 

2.3 

2.7 

3.7 

.5 

.5 

-.2 

1.6 

1.8 

1.8 

3.5 

4.3 

4.1 

3.6 

4.7 

2.9 

4.5 

2.9 

8.9 

13.4 

8.8 

5.6 

9.2 

8.8 

9.7 

9.9 

13.2 

11.4 

74.6 

68.9 

73.0 

76.2 

75.4 

74.6 

75.4 

77.8 

78.2 

80.9 

81.2 

82.4 

84.2 

87.2 

89.9 

91.9 

93.8 

97.7 

100.0 

101.5 

103.3 

106.5 

111.6 

117.3 

125.1 

134.0 

142.0 

149.2 

154.7 

159.5 

164.4 

173.8 

183.5 

193.1 

10.9 

0 

4.8 

13.1 

-3.3 

-.3 

1.3 

-.5 

3.1 

3.0 

2.4 

0 

.2 

-.2 

1.8 

1.6 

2.0 

3.1 

3.2 

4.7 

2.6 

5.3 

2.5 

4.8 

4.3 

8.0 

12.5 

10.3 

4.9 

9.2 

10.8 

9.3 

10.4 

12.3 

11.1 

May 

Monthl] 

June 

. 

W _ Aug. 

-change in index of consumer prices over 6-month spans* 

[Annual rate, percent] 

9.4 

.9 

7.0 

11.2 

-3.0 

.3 

2.1 

-.3 

4.1 

3.2 

1.9 

.7 

.9 

0 

1.8 

2.3 

1.8 

2.6 

3.2 

5.6 

3.1 

5.9 

1.4 

5.0 

4.4 

9.8 

11.9 

10.6 

5.2 

8.4 

9.8 

8.7 

11.2 

12.3 

10.2 

9.0 

.9 

5.4 

8.5 

-2.8 

.8 

.8 

-.3 

2.8 

3.7 

1.0 

1.9 

1.9 

-.5 

1.8 

1.4 

1.6 

2.2 

3.4 

5.6 

3.7 

4.9 

1.3 

4.4 

5.6 

10.9 

11.9 

10.7 

5.9 

8.1 

7.9 

8.9 

11.7 

11.9 

9.5 

9.0 

1.2 

7.5 

8.4 

-2.5 

2.1 

.8 

0 

4.1 

2.7 

.5 

2.9 

2.6 

-.2 

1.6 

2.0 

1.1 

2.8 

3.4 

4.5 

43 

4.1 

1.4 

4.6 

5.4 

9.6 

12.5 

11.6 

6.2 

8.8 

9.3 

8.3 

12.2 

12.2 

9.4 

6.3 

1.8 

7.8 

7.8 

-2.0 

.8 

.3 

-1.0 

4.6 

2.2 

.5 

2.9 

2.4 

0 

1.8 

1.8 

.9 

3.3 

2.9 

4.3 

4.5 

4.3 

1.4 

4.4 

5.9 

9.7 

11.8 

12.5 

6.1 

9.1 

8.9 

9.2 

12.5 

12.2 

8.2 

735. Nest Germany-index of consumer prices ® 

73.8 

68.9 

73.8 

76.2 

74.6 

74.6 

75.4 

77.8 

78.5 

81.2 

80.9 

82.7 

84.2 

87.4 

90.2 

91.9 

94.3 

98.5 

100.0 

101.7 

103.5 

106.8 

112.0 

117.6 

125.9 

134.7 

143.0 

150.1 

155.3 

160.0 

165.3 

174.9 

184.7 

194.0 

73.8 

68.1 

73.8 

75.4 

74.6 

74.6 

75.4 

77.8 

78.9 

81.7 

81.2 

83.3 

84.7 

87.4 

89.9 

91.9 

94.6 

98.6 

100.2 

101.7 

103.6 

106.9 

112.3 

117.9 

126.6 

135.6 

143.9 

150.4 

155.9 

160.3 

165.7 

175.6 

185.4 

195.2 

735c. West 6ermany—chance fa 

-5.7 

-9.0 

17.2 

-2.6 

-3.1 

3.0 

.5 

2.1 

1.5 

3.8 

.7 

.7 

3.6 

3.8 

2.5 

.4 

4.1 

3.3 

1.0 

2.4 

2.0 

4.0 

6.3 

4.7 

7.3 

5.5 

6.7 

3.7 

3.8 

2.3 

4.5 

5.5 

5.7 

4.9 

-6.5 

-5.3 

13.8 

-3.1 

-1.3 

2.5 

2.1 

1.8 

3.6 

1.5 

1.7 

1.2 

3.4 

2.8 

1.6 

1.1 

4.6 

3.1 

1.6 

1.0 

2.0 

3.3 

5.9 

5.6 

7.4 

6.5 

6.4 

3.1 

3.0 

2.4 

5.6 

6.4 

6.3 

4.9 

[1967=100] 

67.3 

73.8 

68.1 

74.6 

75.4 

74.6 

74.6 

75.4 

77.8 

79.4 

82.0 

81.7 

83.2 

85.3 

87.5 

89.6 

91.6 

95.0 

98.5 

100.2 

101.7 

103.8 

107.2 

112.8 

118.3 

127.4 

136.2 

145.0 

150.7 

156.5 

160.8 

166.6 

176.5 

186.3 

197.1 

index of consuma 

[Annual rate, percent] 

-6.8 

-3.1 

11.0 

-2.8 

-1.1 

3.0 

.5 

2.6 

3.9 

-.2 

3.7 

2.0 

3.9 

1.4 

0 

1.8 

5.0 

3.1 

1.4 

1.2 

1.6 

3.8 

5.9 

5.8 

7.2 

5.8 

5.9 

3.4 

3.7 

2.2 

5.8 

5.5 

6.7 

5.4 

-5.3 

.9 

5.8 

-.5 

-2.6 

1.6 

1.6 

1.6 

4.4 

-.5 

3.2 

2.4 

3.9 

1.6 

1.6 

2.2 

5.4 

3.1 

1.4 

1.8 

2.0 

3.4 

5.7 

7.1 

6.0 

6.2 

6.5 

3.5 

3.4 

1.9 

6.1 

4.9 

6.9 

6.3 

70.5 

73.0 

68.1 

74.6 

75.4 

74.6 

74.6 

76.2 

77.8 

80.2 

81.5 

82.1 

83.3 

85.4 

87.7 

89.5 

91.9 

95.3 

98.5 

100.3 

101.7 

103.6 

107.2 

113.1 

119.1 

127.7 

136.5 

145.0 

150.4 

156.2 

160.5 

167.7 

176.8 

187.1 

197.6 

prices over 

-4.0 

.3 

7.2 

-1.6 

-1.6 

2.7 

2.9 

.8 

3.9 

-1.2 

4.0 

1.7 

3.4 

1.4 

1.6 

2.6 

5.2 

2.0 

1.8 

1.8 

1.9 

3.4 

5.4 

7.5 

6.5 

6.4 

5.5 

3.0 

3.7 

2.1 

6.0 

4.6 

6.9 

6.8 

72.2 

72.2 

68.1 

74.6 

75.4 

74.6 

74.6 

75.4 

77.8 

79.7 

80.5 

82.3 

82.9 

85.1 

86.9 

89.3 

91.9 

95.2 

98.3 

99.8 

101.4 

103.3 

107.2 

113.1 

119.1 

127.7 

136.7 

144.8 

150.8 

156.4 

160.3 

167.8 

177.0 

187.7 

197.3 

Sept. 

5.0 

1.2 

8.3 

6.9 

-1.3 

.5 

-.3 

.8 

3.8 

1.7 

1.2 

2.1 

2.3 

.7 

1.6 

1.8 

2.2 

2.4 

2.9 

4.3 

5.5 

3.5 

.2 

5.5 

7.5 

9.3 

11.7 

10.2 

6.1 

9.7 

8.1 

10.2 

12.4 

11.0 

7.2 

73.8 

72.2 

68.9 

74.6 

75.4 

73.8 

74.6 

75.4 

77.8 

79.5 

80.2 

82.0 

82.7 

85.0 

87.1 

89.6 

91.9 

95.3 

98.3 

99.8 

101.4 

103.3 

107.2 

113.5 

120.3 

127.8 

137.1 

145.6 

151.0 

156.5 

160.2 

168.3 

177.0 

188.6 

197.9 

6-month spans4 

-4.0 

.6 

7.4 

-1.1 

-2.9 

1.6 

4.0 

2.1 

3.8 

-1.5 

4.2 

1.2 

3.6 

1.8 

2.7 

2.9 

4.9 

2.3 

1.2 

2.2 

1.9 

3.6 

5.1 

7.6 

7.6 

6.6 

5.2 

3.5 

3.2 

2.4 

6.4 

5.0 

7.1 

5.9 

27.4 

-6.6 

2.7 

4.6 

1.1 

-2.9 

1.3 

4.0 

2.1 

2.8 

-1.5 

3.2 

1.2 

1.7 

2.3 

4.3 

3.3 

4.0 

2.2 

.6 

2.2 

2.3 

4.2 

4.9 

8.1 

8.2 

6.1 

4.2 

3.6 

3.2 

2.8 

6.4 

5.4 

6.9 

4.0 

Oct. 

4.6 

.6 

10.1 

6.1 

-.8 

0 

.3 

1.0 

3.0 

2.0 

2.2 

2.1 

2.4 

1.2 

1.6 

2.0 

2.0 

3.2 

3.8 

4.4 

4.9 

3.7 

.9 

4.9 

7.4 

10.1 

11.8 

8.7 

7.6 

8.9 

7.0 

9.8 

13.6 

10.6 

5.7 

77.0 

72.2 

68.9 

76.2 

75.4 

73.8 

75.4 

76.2 

77.8 

79.8 

80.5 

82.3 

83.0 

85.1 

87.4 

90.1 

92.2 

95.8 

98.6 

100.0 

101.7 

103.6 

107.7 

114.0 

120.9 

128.9 

137.9 

145.9 

151.3 

156.7 

160.3 

168.7 

177.3 

189.2 

198.5 

14.6 

-8.3 

5.6 

5.1 

-1.1 

-2.7 

1.9 

2.1 

2.1 

1.8 

0 

1.7 

1.7 

2.8 

2.8 

4.3 

3.1 

3.6 

2.0 

1.6 

2.0 

3.5 

5.1 

5.0 

7.0 

7.3 

6.1 

4.2 

4.7 

3.0 

3.4 

4.3 

5.4 

6.3 

2.7 

Nov. 

3.1 

0 

11.2 

4.2 

-.8 

.3 

-.8 

.5 

2.8 

2.4 

1.2 

1.4 

1.6 

1.6 

1.6 

1.1 

2.2 

4.8 

2.5 

3.6 

4.3 

4.1 

2.0 

4.9 

6.8 

9.8 

11.7 

7.6 

8.5 

8.9 

8.5 

10.2 

13.1 

10.9 

4.7 

76.2 

73.0 

68.9 

77.0 

75.4 

73.8 

75.4 

77.0 

78.6 

80.2 

80.9 

82.7 

83.5 

85.7 

87.7 

90.5 

92.6 

96.4 

99.2 

100.2 

102.1 

103.9 

108.1 

114.3 

121.4 

130.4 

138.8 

146.3 

151.6 

157.0 

160.8 

169.3 

178.3 

190.1 

198.9 

7.3 

-8.3 

8.0 

5.1 

-1.3 

-2.9 

1.3 

3.7 

1.0 

2.3 

.7 

-.5 

1.7 

2.8 

5.8 

4.1 

2.2 

3.4 

1.6 

2.0 

2.2 

3.7 

5.3 

4.6 

7.2 

8.3 

5.8 

4.7 

3.7 

2.8 

3.5 

5.4 

5.4 

4.8 

2.3 

Dec. 

1.2 

2.1 

15.2 

2.3 

-.8 

•3 

.3 

1.0 

3.8 

2.7 

1.0 

.2 

1.4 

1.6 

2.1 

2.0 ! 

2.7 

5.2 

2.3 

3.8 

4.0 

4.4 

2.5 

4.9 

6.5 

9.8 

10.4 

7.4 

8.8 

9.3 1 

10.3 

9.7 

13.2 

11.2 

5.0 

77.0 

72.2 

69.7 

77.0 

76.2 

73.8 

75.4 

77.0 

78.6 

80.2 

81.1 

82.7 

83.5 

85.7 

88.3 

91.3 

93.1 

96.8 

99.5 

100.2 

102.4 

104.5 

108.7 

114.7 

122.1 

131.6 

139.2 

146.8 

152.2 

157.4 

161.4 

170.1 

179.4 

190.7 

199.4 

1.1 

-9.9 

11.0 

2.7 

-1.6 

.5 

.5 

5.1 

0 

2.3 

1.2 

-.7 

1.7 

3.3 

4.4 

2.9 

2.0 

3.2 

1.6 

1.4 

1.8 

4.1 

6.0 

4.8 

6.2 

8.4 

5.9 

3.7 

3.9 

2.8 

4.0 

5.4 

6.3 

3.5 

.9 

10 

0.7 

2.9 

14.1 

-1.0 

-.9 

.8 

.4 

1.5 

2.8 

4.0 

.4 

.2 

-.1 

1.8 

1.7 

1.9 

3.2 

4.7 

3.4 

4.0 

4.6 

3.4 

3.5 

3.9 

8.4 

12.1 

8.9 

5.7 

9.1 

8.5 

9.9 

9.8 

12.8 

11.1 

75.4 

69.7 

71.6 

76.7 

75.4 

74.1 

75.4 

77.3 

78.4 

80.8 

81.2 

82.5 

84.0 

86.9 

89.6 

91.7 

93.6 

97.5 

99.9 

101.5 

103.1 

106.1 

110.8 

116.7 

124.2 

133.4 

141.3 

148.7 

154.2 

159.0 

163.6 

172.5 

182.2 

192.7 

-6.1 

-9.8 

16.0 

-2.1 

-2.3 

2.5 

.1 

2.6 

1.2 

3.4 

.5 

.6 

2.4 

3.5 

3.7 

1.4 

3.2 

3.6 

1.0 

1.9 

1.8 

4.3 

6.4 

4.6 

7.1 

6.6 

6.1 

4.0 

3.8 

2.4 

4.4 

5.6 

6.2 

U 

Quarterly 

IIQ 

9.8 

.6 

5.7 

10.9 

-3.0 

.3 

1.4 

-.4 

3.3 

3.3 

1.8 

.9 

1.0 

-.2 

1.8 

1.8 

1.8 

2.6 

3.3 

5.3 

3.1 

5.4 

1.7 

4.7 

4.8 

9.6 

12.1 

10.5 

5.3 

8.6 

9.5 

9.0 

11.1 

12.2 

10.3 

73.8 

68.4 

74.1 

75.7 

74.6 

74.6 

75.4 

77.8 

78.9 

81.6 

81.3 

83.1 

84.7 

87.4 

89.9 

91.8 

94.6 

98.5 

100.1 

101.7 

103.6 

107.0 

112.4 

117.9 

126.6 

135.5 

144.0 

150.4 

155.9 

160.4 

165.9 

175.7 

185.5 

195.4 

-6.2 

-2.5 

10.2 

-2.1 

-1.7 

2.4 

1.4 

2.0 

4.0 

.3 

2.9 

1.9 

3.7 

1.9 

1.1 

1.7 

5.0 

3.1 

1.5 

1.3 

1.9 

3.5 

5.8 

6.2 

6.9 

6.2 

6.3 

3.3 

3.4 

2.2 

5.8 

5.6 

6.6 

5.5 

MQ 

Average for period 

6.8 

1.4 

7.9 

7.7 

-1.9 

1.1 

.3 

_1 

4.2 

2.2 

.7 

2.6 

2.4 

.2 

1.7 

1.9 

1.4 

2.8 

3.1 

4.4 

4.8 

4.0 

1.0 

4.8 

6.3 

9.5 

12.0 

11.4 

6.1 

9.2 

8.8 

9.2 

12.4 

11.8 

8.3 

Average for perioi 

72.2 

72.5 

68.4 

74.6 

75.4 

74.3 

74.6 

75.7 

77.8 

79.8 

80.7 

82.1 

83.0 

85.2 

87.2 

89.5 

91.9 

95.3 

98.4 

100.0 

101.5 

103.4 

107.2 

113.2 

119.5 

127.7 

136.8 

145.1 

150.7 

156.4 

160.3 

167.9 

176.9 

187.8 

197.6 

IV Q 

3.0 

.9 

12.2 

4.2 

-.8 

.2 

-.1 

.8 

3.2 

2.4 

1.5 

1.2 

1.8 

1.5 

1.8 

1.7 

2.3 

4.4 

2.9 

3.9 

4.4 

4.1 

1.8 

4.9 

6.9 

9.9 

11.3 

7.9 

8.3 

9.0 

8.6 

9.9 

13.3 

10.9 

5.1 

76.7 

72.5 

69.2 

76.7 

75.7 

73.8 

75.4 

76.7 

78.3 

80.1 

80.8 

82.6 

83.3 

85.5 

87.8 

90.6 

92.6 

96.3 

99.1 

100.1 

102.1 

104.0 

108.2 

114.3 

121.5 

130.3 

138.6 

146.3 

151.7 

157.0 

160.8 

169.4 

178.3 

190.0 

198.9 

Average for period 

-4.9 

1.2 

6.4 

-.5 

-2.5 

1.9 

3.6 

1.7 

3.5 

-1.4 

3.8 

1.4 

2.9 

1.8 

2.9 

2.9 

4.7 

2.2 

1.2 

2.1 

2.0 

3.7 

5.1 

7.7 

7.4 

6.4 

5.0 

3.4 

3.4 

2.4 

6.3 

5.0 

7.0 

5.6 

7.7 

-8.8 

8.2 

4.3 

-1.3 

-1.7 

1.2 

3.6 

1.0 

2.1 

.6 

.2 

1.7 

3.0 

4.3 

3.8 

2.4 

3.4 

1.7 

1.7 

2.0 

3.8 

5.5 

4.8 

6.8 

8.0 

5.9 

4.2 

4.1 

2.9 

3.6 

5.0 

5.7 

4.9 

2.0 

Annual 

0.9 

7.2 

9.2 

-1.7 

.2 

.6 

.2 

3.0 

2.7 

2.0 

1.3 

1.4 

.3 

1.8 

1.8 

1.9 

3.3 

3.5 

4.3 

4.1 

4.5 

2.0 

4.5 

5.5 

9.4 

11.9 

9.7 

6.4 

9.0 

8.8 

9.5 

11.6 

11.9 

8.7 

73.5 

68.9 

74.2 

75.9 

74.5 

74.7 

75.8 

77.8 

79.3 

81.0 

81.8 

83.0 

84.8 

87.3 

89.9 

92.0 

95.0 

98.4 

100.0 

101.7 

103.5 

107.1 

112.7 

118.9 

127.2 

136.1 

144.2 

150.4 

155.9 

160.1 

166.7 

175.9 

186.4 

196.2 

-6.5 

-.7 

9.2 

-1.5 

-2.0 

2.0 

2.2 

1.8 

2.7 

.7 

1.8 

1.4 

3.0 

2.9 

2.9 

2.1 

4.1 

2.6 

1.3 

1.8 

2.4 

4.3 

5.6 

6.3 

7.3 

6.3 

5.4 

3.7 

3.3 

2.6 

5.4 

5.5 

6.2 

4.2 

126 

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Year 

Monthly 

Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. 

Quarterly 

1Q IIQ 111 Q IV Q Annual 

736. France—index of consumer prices <§> 

[1967=100] Average for period 

1947 

1948 32.3 

1949 43.4 

1950 44.1 

1951 48.7 

1952 59.5 

1953 59.5 

1954 58.4 

1955 59.3 

1956 59.8 

1957 60.8 

1958 69.3 

1959 74.8 

1960 78.6 

1961 80.3 

1962 84.0 

1963 87.5 

1964 91.6 

1965 93.7 

1966 96.1 

1967 98.8 

1968 102.8 

1969 108.3 

1970 114.4 

1971 120.0 

1972 126.8 

1973 135.2 

1974 149.1 

1975 170.8 

1976 187.2 

1977 204.1 

1978 222.8 

1979 245.5 

1980 277.2 

1981 312.7 

1982 356.0 

1947 

1948 

1949 -11.2 

1950 15.3 

1951 22.2 

1952 18.2 

1953 -.3 

1954 7 

1955 1.4 

1956 7 

1957 -1.3 

1958 23.3 

1959 6.1 

1960 3.7 

1961 3 

1962 4.9 

1963 5.4 

1964 2.4 

1965 2.2 

1966 3.2 

1967 2.7 

1968 4.6 

1969 5.9 

1970 6.1 

1971 5.6 

1972 5.5 

1973 5.5 

1974 15.8 

1975 11.3 

1976 10.3 

1977 9.5 

1978 8.4 

1979 9.8 

1980 14.8 

1981 13.2 

1982 13.0 

1947 

1948 54.9 

1949 56.4 

1950 53.7 

1951 57.6 

1952 60.9 

1953 63.6 

1954 64.3 

1955 67.5 

1956 68.6 

1957 70.9 

1958 72.3 

1959 72.3 

1960 74.1 

1961 75.1 

1962.. 77.2 

1963 82.8 

1964 88.2 

1965 93.0 

1966 95.9 

1967 98.8 

1968 101.0 

1969 102.1 

1970 106.4 

1971 112.1 

1972 117.4 

1973 126.9 

1974 143.6 

1975 178.2 

1976 197.7 

1977 238.8 

1978 271.1 

1979 305.1 

1980 367.9 

1981 440.7 

1982 517.7 

34.7 

41.6 

44.8 

49.8 

60.7 

59.6 

58.9 

59.1 

60.4 

61.0 

70.1 

75.9 

78.7 

80.4 

84.0 

87.9 

91.6 

93.7 

96.3 

98.9 

102.8 

108.7 

114.9 

120.6 

127.5 

135.6 

151.1 

172.1 

188.5 

205.5 

224.4 

247.1 

280.2 

315.6 

359.6 

34.2 

39.6 

44.1 

50.4 

60.4 

59.3 

58.5 

59.1 

60.4 

60.7 

71.1 

75.6 

78.7 

80.3 

84.3 

88.2 

91.7 

94.0 

96.5 

99.2 

102.9 

109.1 

115.3 

121.1 

128.1 

136.3 

152.9 

173.5 

190.1 

207.3 

226.4 

249.4 

283.4 

318.8 

363.8 

34.3 

39.1 

44.8 

51.3 

59.8 

59.0 

58.1 

59.1 

60.2 

60.5 

71.7 

75.6 

78.8 

80.2 

84.3 

88.4 

91.8 

94.1 

96.8 

99.3 

103.2 

109.7 

115.9 

121.8 

128.6 

137.2 

155.4 

175.0 

191.8 

210.0 

228.9 

251.8 

286.7 

323.1 

368.2 

34.7 

38.8 

44.1 

52.8 

58.9 

59.4 

58.9 

59.5 

60.7 

60.4 

71.8 

75.2 

78.7 

80.1 

84.9 

88.6 

91.8 

94.4 

97.2 

99.4 

103.5 

110.2 

116.5 

122.6 

129.3 

138.5 

157.2 

176.3 

193.0 

212.0 

231.1 

254.5 

289.3 

326.0 

371.1 

35.1 

38.6 

42.9 

52.7 

58.3 

59.4 

58.7 

59.0 

60.1 

60.8 

72.0 

75.4 

78.6 

79.9 

85.2 

89.3 

92.0 

95.9 

97.1 

99.4 

103.9 

110.5 

117.1 

123.1 

130.0 

139.6 

159.0 

177.6 

193.9 

213.6 

232.8 

256.6 

291.1 

329.2 

373.7 

35.0 

38.4 

42.9 

53.0 

58.2 

58.7 

58.0 

58.4 

59.8 

61.7 

72.4 

75.6 

78.9 

80.6 

85.6 

89.6 

92.3 

95.1 

97.4 

99.6 

104.2 

111.0 

117.6 

123.7 

131.0 

140.7 

161.0 

178.9 

195.7 

215.5 

235.7 

260.0 

295.5 

334.9 

374.7 

38.6 

39.2 

44.5 

53.5 

59.1 

58.4 

57.8 

58.3 

60.1 

62.4 

72.5 

76.0 

79.6 

81.0 

85.4 

89.9 

92.5 

94.8 

97.4 

100.0 

104.7 

111.2 

117.8 

124.1 

131.7 

141.7 

162.3 

180.1 

197.1 

216.7 

237.1 

262.7 

298.4 

339.0 

375.9 

41.5 

41.3 

46.1 

54.2 

59.6 

57.6 

58.2 

58.9 

60.5 

63.2 

72.8 

76.3 

79.7 

81.5 

85.7 

90.5 

92.9 

95.1 

97.8 

100.4 

105.4 

111.9 

118.3 

124.7 

132.6 

143.0 

164.0 

181.6 

199.3 

218.6 

238.6 

264.9 

301.0 

342.9 

377.5 

42.9 

42.9 

47.3 

55.5 

59.1 

57.6 

58.3 

59.6 

60.4 

64.2 

73.0 

77.0 

79.9 

82.3 

86.1 

90.7 

93.1 

95.3 

97.9 

100.9 

106.6 

112.5 

118.7 

125.4 

133.7 

144.5 

166.0 

183.0 

201.1 

220.3 

240.8 

268.1 

304.3 

347.1 

379.5 

42.2 

43.4 

47.8 

57.1 

58.9 

57.6 

58.9 

59.6 

60.4 

65.7 

72.8 

77.5 

80.1 

83.1 

86.8 

91.0 

93.1 

95.4 

98.1 

101.6 

106.9 

113.1 

119.2 

125.9 

134.5 

145.8 

167.5 

184.0 

202.8 

221.1 

242.1 

269.8 

306.4 

350.3 

383.2 

43.3 

43.6 

48.2 

58.3 

59.4 

58.0 

59.1 

59.7 

60.4 

67.0 

73.0 

77.5 

80.2 

83.5 

87.4 

91.2 

93.1 

95.8 

98.4 

101.8 

107.1 

113.5 

119.4 

126.5 

135.2 

146.7 

168.9 

185.2 

203.5 

221.7 

243.2 

272.0 

309.1 

352.4 

386.4 

33.7 

41.5 

44.3 

49.6 

60.2 

59.5 

58.6 

59.2 

60.2 

60.8 

70.2 

75.4 

78.7 

80.3 

84.1 

87.9 

91.6 

93.8 

96.3 

99.0 

102.8 

108.7 

114.9 

120.6 

127.5 

135.7 

151.0 

172.1 

188.6 

205.6 

224.5 

247.3 

280.3 

315.7 

359.8 

34.7 

38.8 

43.9 

52.3 

59.0 

59.3 

58.6 

59.2 

60.3 

60.6 

71.8 

75.4 

78.7 

80.1 

84.8 

88.8 

91.9 

94.8 

97.0 

99.4 

103.5 

110.1 

116.5 

122.5 

129.3 

138.4 

157.2 

176.3 

192.9 

211.9 

230.9 

254.3 

289.0 

326.1 

371.0 

38.4 

39.6 

44.5 

53.6 

59.0 

58.2 

58.0 

58.5 

60.1 

62.4 

72.6 

76.0 

79.4 

81.0 

85.6 

90.0 

92.6 

95.0 

97.5 

100.0 

104.8 

111.4 

117.9 

124.2 

131.8 

141.8 

162.4 

180.2 

197.4 

216.9 

237.1 

262.5 

298.3 

338.9 

376.0 

42.8 

43.3 

47.8 

57.0 

59.1 

57.7 

58.8 

59.6 

60.4 

65.6 

72.9 

77.3 

80.1 

83.0 

86.8 

91.0 

93.1 

95.5 

98.1 

101.4 

106.9 

113.0 

119.1 

125.9 

134.5 

145.7 

167.5 

184.1 

202.5 

221.0 

242.0 

270.0 

306.6 

349.9 

383.0 

37.4 

40.8 

45.1 

53.1 

59.3 

58.7 

58.5 

59.1 

60.3 

62.4 

71.9 

76.0 

79.2 

81.1 

85.3 

89.4 

92.3 

94.8 

97.2 

99.9 

104.5 

110.8 

117.1 

123.3 

130.8 

140.4 

159.5 

178.2 

195.3 

213.9 

233.7 

258.5 

293.6 

332.7 

372.5 

736c. France—change in index of consumer prices over 6-month spans4 

il rate, percent] Average for period 

-9.0 

10.1 

27.6 

8.7 

2.1 

3.9 

1.0 

3.0 

-.3 

19.8 

7.3 

3.9 

1.0 

5.4 

5.1 

2.4 

3.3 

4.0 

2.7 

3.8 

6.5 

6.3 

6.0 

5.5 

6.0 

16.1 

10.5 

9.8 

9.1 

9.1 

10.2 

14.5 

13.0 

12.0 

-11.0 

6.7 

29.3 

5.6 

3.8 

4.9 

1.7 

2.7 

2.7 

16.8 

7.8 

4.2 

.2 

5.4 

5.3 

2.4 

6.6 

3.2 

2.2 

4.4 

6.6 

6.3 

6.1 

5.4 

6.3 

17.0 

10.2 

9.1 

9.7 

9.9 

10.9 

14.1 

13.0 

12.0 

31.9 

-12.7 

4.2 

27.9 

2.1 

2.4 

2.8 

.3 

3.1 

6.4 

12.3 

4.9 

3.4 

2.8 

5.3 

5.8 

2.4 

3.5 

3.4 

2.2 

3.3 

5.6 

6.0 

6.3 

6.7 

8.1 

16.3 

9.5 

9.1 

10.9 

11.2 

11.5 

12.7 

13.8 

9.9 

35.1 

-3.9 

6.0 

23.3 

.3 

1.0 

1.0 

1.4 

3.0 

8.8 

10.6 

2.9 

4.7 

3.3 

4.8 

5.5 

2.6 

3.0 

2.9 

2.9 

4.3 

5.2 

5.7 

6.1 

6.9 

9.2 

15.4 

9.3 

8.9 

10.6 

10.5 

12.1 

12.5 

14.3 

8.2 

44.3 

7.2 

7.8 

15.6 

-1.3 

-4.0 

1.4 

1.7 

2.7 

10.9 

7.5 

4.0 

4.4 

4.3 

4.1 

5.8 

2.6 

2.4 

2.9 

2.8 

5.3 

5.4 

5.3 

5.9 

6.8 

9.9 

14.5 

9.1 

9.2 

10.6 

10.4 

12.1 

12.1 

15.3 

7.2 

45.9 

13.1 

6.8 

14.5 

-2.7 

-3.7 

2.1 

3.1 

2.0 

14.1 

4.8 

4.8 

3.6 

5.6 

4.3 

5.3 

2.9 

2.6 

2.3 

3.5 

6.7 

5.2 

4.7 

5.7 

7.8 

10.6 

14.1 

8.9 

9.5 

9.7 

10.2 

12.9 

12.2 

14.9 

5.8 

36.9 

16.4 

11.1 

13.2 

-1.0 

-5.7 

1.0 

1.4 

-.3 

18.7 

2.5 

5.4 

2.6 

6.6 

3.6 

4.8 

2.2 

1.9 

1.7 

4.5 

6.5 

5.1 

4.5 

5.3 

8.2 

10.8 

13.8 

9.2 

10.6 

9.0 

9.9 

12.9 

12.6 

15.7 

6.9 

35.0 

14.5 

15.5 

14.2 

-.7 

-7.8 

-.7 

.7 

-.3 

20.2 

1.7 

4.3 

2.8 

7.9 

4.0 

3.4 

2.0 

-.6 

2.5 

4.7 

6.1 

5.5 

4.1 

5.8 

8.5 

10.7 

13.4 

9.2 

10.6 

8.1 

9.8 

12.8 

13.2 

15.1 

7.3 

37.6 

18.3 

17.9 

16.8 

-1.7 

-5.6 

.7 

1.4 

0 

22.3 

3.6 

5.3 

1.3 

6.8 

3.3 

3.6 

2.4 

1.7 

2.3 

5.9 

7.4 

5.7 

3.9 

5.1 

6.7 

12.5 

12.8 

9.7 

9.2 

7.5 

9.1 

14.4 

12.9 

13.9 

9.5 

6.7 

21.1 

17.0 

20.9 

-3.6 

-3.0 

0 

3.1 

-1.0 

21.7 

6.4 

4.8 

0 

6.0 

4.7 

3.1 

2.0 

2.5 

2.5 

5.1 

7.2 

6.2 

4.5 

5.4 

6.0 

13.5 

12.7 

10.0 

9.1 

8.1 

9.5 

14.7 

12.7 

13.6 

10.3 

-7.1 

15.7 

20.6 

23.4 

-2.7 

1.0 

.7 

2.7 

-1.6 

23.6 

5.3 

4.5 

0 

6.0 

5.4 

2.4 

2.4 

2.8 

2.7 

4.6 

6.9 

6.0 

5.0 

5.9 

6.0 

14.5 

12.5 

10.3 

8.8 

7.9 

9.9 

15.2 

12.6 

13.0 

10.8 

-10.4 

10.7 

26.4 

10.8 

1.9 

3.2 

1.4 

2.1 

.4 

20.0 

7.1 

3.9 

.5 

5.2 

5.3 

2.4 

4.0 

3.5 

2.5 

4.3 

6.3 

6.2 

5.9 

5.5 

5.9 

16.3 

10.7 

9.7 

9.4 

9.1 

10.3 

14.5 

13.1 

12.3 

37.1 

-3.1 

6.0 

22.3 

.4 

-.2 

1.7 

1.1 

2.9 

8.7 

10.1 

3.9 

4.2 

3.5 

4.7 

5.7 

2.5 

3.0 

3.1 

2.6 

4.3 

5.4 

5.7 

6.1 

6.8 

9.1 

15.4 

9.3 

9.1 

10.7 

10.7 

11.9 

12.4 

14.5 

8.4 

39.3 

14.7 

11.1 

14.0 

-1.5 

-5.7 

.8 

1.7 

.5 

17.7 

3.0 

4.8 

3.0 

6.7 

4.0 

4.5 

2.4 

1.3 

2.2 

4.2 

6.4 

5.3 

4.4 

5.6 

8.2 

10.7 

13.8 

9.1 

10.2 

8.9 

10.0 

12.9 

12.7 

15.2 

6.7 

12.4 

18.4 

18.5 

20.4 

-2.7 

-2.5 

.5 

2.4 

-.9 

22.5 

5.1 

4.9 

.4 

6.3 

4.5 

3.0 

2.3 

2.3 

2.5 

5.2 

7.2 

6.0 

4.5 

5.5 

6.2 

13.5 

12.7 

10.0 

9.0 

7.8 

9.5 

14.8 

12.7 

13.5 

10.2 

4.9 

11.6 

20.7 

1.8 

-1.6 

1.5 

1.7 

1.2 

12.3 

9.6 

5.2 

2.9 

4.2 

4.6 

4.6 

2.4 

2.7 

2.8 

3.6 

5.5 

5.7 

5.2 

5.8 

6.7 

9.8 

14.5 

9.8 

9.5 

9.2 

9.8 

12.5 

13.1 

14.1 

9.4 

737. Italy-index of 

[1967=100] Average for period 

54.4 

56.4 

53.7 

58.7 

62.0 

63.6 

64.7 

67.5 

69.3 

70.5 

72.2 

72.2 

73.9 

75.1 

77.6 

84.0 

88.2 

93.1 

95.9 

99.0 

101.0 

102.2 

107.3 

112.6 

118.0 

128.4 

146.6 

180.8 

202.1 

243.4 

273.9 

309.7 

374.3 

449.1 

524.4 

55.8 

56.4 

53.1 

58.7 

62.0 

63.6 

64.7 

67.5 

69.8 

70.3 

72.2 

71.9 

73.8 

75.1 

78.1 

84.2 

88.5 

93.3 

95.9 

99.2 

101.1 

102.6 

107.8 

113.1 

118.3 

129.7 

150.4 

181.0 

206.1 

246.5 

277.4 

313.8 

378.2 

455.4 

529.1 

56.0 

57.2 

53.8 

60.4 

62.7 

64.3 

64.7 

67.5 

70.1 

70.2 

72.8 

71.8 

73.7 

75.2 

78.7 

84.7 

88.6 

93.6 

96.1 

99.3 

101.3 

103.1 

108.2 

113.3 

118.6 

131.0 

152.3 

183.4 

211.6 

249.5 

280.0 

317.8 

384.3 

461.3 

533.9 

55.2 

57.2 

53.9 

60.4 

62.7 

64.7 

65.9 

67.5 

70.2 

70.2 

73.4 

72.2 

73.9 

75.4 

78.7 

84.7 

89.4 

93.8 

96.3 

99.7 

101.4 

103.3 

108.7 

114.0 

119.7 

133.0 

154.5 

184.9 

215.8 

252.6 

282.7 

321.3 

388.2 

468.7 

539.8 

54.8 

56.6 

54.6 

60.9 

63.1 

64.7 

66.4 

67.5 

69.9 

70.2 

73.5 

72.2 

73.9 

75.4 

78.5 

84.8 

90.0 

94.0 

96.3 

99.9 

101.3 

103.7 

108.8 

114.1 

120.3 

134.2 

156.7 

186.4 

216.8 

254.3 

285.1 

323.9 

391.7 

473.9 

545.2 

52.1 

55.0 

54.6 

60.9 

63.1 

63.6 

66.4 

67.5 

69.9 

70.6 

73.4 

71.8 

74.2 

75.7 

79.3 

84.7 

90.5 

94.5 

96.3 

100.1 

101.1 

104.3 

109.1 

114.4 

120.7 

134.9 

159.8 

187.1 

217.9 

255.8 

286.8 

326.7 

398.7 

477.7 

553.4 

54.4 

55.7 

55.6 

60.9 

63.1 

63.6 

66.4 

67.5 

70.0 

70.6 

73.4 

72.1 

74.2 

75.8 

79.5 

85.0 

90.7 

94.7 

96.4 

100.3 

101.1 

104.6 

109.3 

114.6 

121.5 

135.8 

163.3 

188.3 

220.3 

258.2 

288.3 

330.6 

403.5 

481.0 

563.4 

55.7 

55.5 

56.8 

60.9 

63.6 

63.6 

66.4 

67.5 

70.1 

70.9 

73.1 

72.4 

74.2 

75.9 

79.8 

85.7 

91.2 

94.9 

96.4 

100.8 

101.2 

104.7 

110.4 

115.4 

122.7 

136.6 

168.0 

189.8 

224.0 

261.5 

292.9 

339.2 

411.6 

487.7 

571.3 

54.8 

54.1 

5S.1 

60.9 

63.6 

64.3 

66.4 

68.1 

70.0 

71.2 

72.6 

73.1 

74.2 

76.0 

80.0 

86.6 

91.5 

94.9 

96.6 

100.7 

101.3 

105.0 

110.7 

115.9 

124.0 

137.7 

171.2 

191.9 

230.5 

265.0 

295.5 

345.5 

418.5 

497.5 

582.7 

55.2 

54.3 

56.7 

61.5 

63.6 

64.3 

66.4 

68.1 

70.2 

71.6 

72.6 

73.5 

74.6 

76.6 

82.5 

86.9 

92.2 

95.2 

97.3 

100.8 

101.4 

105.6 

111.2 

116.5 

125.0 

139.3 

174.4 

194.1 

235.5 

267.6 

298.6 

350.3 

427.3 

506.0 

590.3 

55.7 

53.8 

56.8 

61.5 

63.6 

64.3 

66.4 

68.7 

70.5 

72.1 

72.4 

73.7 

74.7 

76.7 

81.8 

87.4 

92.6 

95.6 

97.9 

100.8 

101.7 

106.0 

111.7 

116.9 

125.5 

141.3 

175.9 

195.6 

238.6 

268.9 

300.1 

356.6 

432.5 

511.1 

594.4 

55.0 

56.4 

53.5 

58.3 

61.6 

63.6 

64.6 

67.5 

69.2 

70.6 

72.2 

72.1 

73.9 

75.1 

77.6 

83.7 

88.3 

93.1 

95.9 

99.0 

101.0 

102.3 

107.2 

112.6 

117.9 

128.3 

146.9 

180.0 

202.0 

242.9 

274.1 

309.5 

373.5 

448.4 

523.7 

55.3 

57.0 

54.1 

60.6 

62.8 

64.6 

65.7 

67.5 

70.1 

70.2 

73.2 

72.1 

73.8 

75.3 

78.6 

84.7 

89.3 

93.8 

96.2 

99.6 

101.3 

103.4 

108.6 

113.8 

119.5 

132.7 

154.5 

184.9 

214.7 

252.1 

282.6 

321.0 

388.1 

468.0 

539.6 

54.1 

55.4 

55.7 

60.9 

63.3 

63.6 

66.4 

67.5 

70.0 

70.7 

73.3 

72.1 

74.2 

75.8 

79.5 

85.1 

90.8 

94.7 

96.4 

100.4 

101.1 

104.5 

109.6 

114.8 

121.6 

135.8 

163.7 

188.4 

220.7 

258.5 

289.3 

332.2 

404.6 

482.1 

562.7 

55.2 

54.1 

56.5 

61.3 

63.6 

64.3 

66.4 

68.3 

70.2 

71.6 

72.5 

73.4 

74.5 

76.4 

81.4 

87.0 

92.1 

95.2 

97.3 

100.8 

101.5 

105.5 

111.2 

116.4 

124.8 

139.4 

173.8 

193.9 

234.9 

267.2 

298.1 

350.8 

426.1 

504.9 

589.1 

54.9 

55.7 

55.0 

60.3 

62.8 

64.0 

65.8 

67.7 

69.9 

70.8 

72.8 

72.4 

74.1 

75.7 

79.3 

85.1 

90.1 

94.2 

96.4 

100.0 

101.2 

103.9 

109.1 

114.4 

121.0 

134.1 

159.7 

186.8 

218.1 

255.2 

286.0 

328.4 

398.1 

475.8 

553.8 

See footnotes at end of this part. 127 

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Year Jan. Feb. Mar. Apr. May June Jul

y Aug. 

Quarterly 

Sept. Oct. Nov. Dec. JJL II

P III Q IV Q 

Annual 

737c. Italy—change in index of consumer prices over 6-month spans4 

[Annual rate, percent] Averag

e for period 

1947 

1948 

1949 5.1 

1950 -4.4 

1951 12.8 

1952 3.6 

1953 3 

1954 -.3 

1955 2.4 

1956 4.7 

1957 -.3 

1958 4.0 

1959 -2.7 

1960 8 

1961 1.9 

1962 6.1 

1963 11.0 

1964 3.7 

1965 3.7 

1966 1.7 

1967 5.0 

1968 6 

1969 3.0 

1970 6.0 

1971 4.6 

1972 4.5 

1973 10.9 

1974 21.4 

1975 13.9 

1976 20.3 

1977 16.0 

1978 10.5 

1979 14.5 

1980 22.3 

1981 20.1 

1982 13.8 

1947 

1948 30.7 

1949 48.3 

1950 48.9 

1951 49.3 

1952 55.0 

1953 56.1 

1954 62.4 

1955 61.6 

1956 61.0 

1957 63.3 

1958 63.8 

1959 65.3 

1960 67.0 

1961 69.0 

1962 74.6 

1963 79.3 

1964 83.4 

1965 89.6 

1966 94.1 

1967 98.9 

1968 103.8 

1969 107.7 

1970 116.1 

1971 124.6 

1972 129.5 

1973 138.4 

1974 168.3 

1975 198.8 

1976 216.0 

1977 236.0 

1978 246.1 

1979 253.9 

1980 271.3 

1981 291.1 

1982 300.7 

1947 

1948 

1949 32.5 

1950 -17.4 

1951 35.1 

1952 -.4 

1953 8.9 

1954 -1.3 

1955 -1.0 

1956 7 

1957 3.2 

1958 -1.2 

1959 -2.1 

1960 4.6 

1961 6.6 

1962 5.0 

1963 11.5 

1964 3.1 

1965 9.8 

1966 5.0 

1967 4.0 

1968 4.0 

1969 5.1 

1970 9.4 

1971 3.1 

1972 1.5 

1973 13.5 

1974 35.2 

1975 9.6 

1976 9.1 

1977 9.3 

1978 2.8 

1979 1.7 

1980 9.9 

1981 4.4 

1982 1.9 

5.1 

-3.3 

12.0 

2.6 

2.2 

3.8 

1.8 

5.0 

-.9 

4.5 

-1.4 

1.1 

2.2 

5.6 

5.7 

5.8 

3.5 

2.1 

4.6 .8 

3.2 

5.6 

4.5 

5.2 

12.7 

22.4 

11.8 

22.8 

14.6 

11.2 

15.5 

22.5 

20.1 

13.6 

0.7 .4 

12.7 

2.9 

1.6 

5.3 

2.7 

3.2 

-.6 

4.2 

0 

1.1 

2.4 

5.3 

8.0 

6.5 

3.5 

1.7 

4.1 

1.0 

4.0 

5.0 

4.0 

5.4 

13.8 

22.2 

11.3 

22.1 

12.9 

11.5 

15.8 

19.9 

19.3 

13.1 

-8.5 

-3.2 

4.5 

12.1 

7.3 

-.3 

6.3 

-.3 

3.8 

-.8 

3.4 

-.8 .8 

2.4 

6.6 

5.7 

6.5 

4.4 

1.7 

3.5 .8 

4.8 

5.5 

4.3 

6.1 

13.3 

24.1 

10.4 

22.0 

15.5 

13.0 

15.8 

18.9 

18.9 

15.9 

0 

-2.5 

7.2 

7.6 

3.6 .3 

6.0 .9 

2.6 .9 

3.9 .3 

1.6 

3.0 

6.0 

3.6 

6.7 

4.4 

1.9 

3.5 .8 

5.4 

4.5 

4.3 

7.1 

12.9 

25.3 

9.8 

20.5 

14.6 

13.2 

16.7 

19.3 

18.2 

19.0 

-2.5 

-5.2 

11.9 

5.8 

4.2 

-.3 

5.6 .6 

1.4 

2.3 

3.1 

2.0 

1.9 

3.2 

5.7 

4.8 

7.4 

4.1 

1.7 

3.7 .6 

4.5 

5.3 

4.5 

7.8 

11.3 

25.6 

10.9 

19.0 

13.6 

13.1 

18.7 

20.3 

16.8 

18.7 

-0.7 

-7.3 

12.0 

4.4 

4.9 

1.9 

6.6 

3.0 .9 

3.7 

0 

4.5 

2.2 

2.9 

4.4 

5.5 

7.6 

3.7 

1.7 

3.5 .6 

4.1 

4.9 

4.8 

9.3 

11.2 

27.4 

10.3 

19.9 

13.9 

12.5 

19.6 

20.0 

17.7 

20.6 

2.2 

-7.9 

12.3 

5.1 

4.2 

0 

3.1 

3.3 .9 

4.9 

-1.9 

3.6 

1.9 

3.2 

9.9 

5.3 

6.4 

3.0 

2.5 

2.6 .4 

4.9 

5.0 

4.8 

9.4 

10.2 

28.0 

10.8 

19.6 

12.7 

12.0 

19.1 

21.4 

16.8 

19.8 

5.6 

-7.3 

10.6 

4.3 

3.5 .3 .9 

4.2 

1.7 

5.2 

-3.2 

3.6 

1.6 

2.9 

8.0 

5.7 

5.4 

3.0 

3.4 

1.8 .8 

4.7 

5.8 

5.5 

9.4 

11.5 

26.9 

11.0 

21.9 

12.7 

11.7 

22.0 

22.7 

17.0 

19.1 

15.0 

-6.0 

10.4 

-.3 

1.6 

2.5 

3.3 

3.3 

2.9 

4.6 

-3.5 

5.9 

1.6 

3.2 

8.0 

7.2 

4.5 

2.1 

4.4 

1.2 

1.6 

3.7 

5.4 

5.1 

10.3 

13.3 

24.1 

11.4 

19.3 

11.4 

12.1 

25.3 

20.7 

15.8 

16.7 

7.5 

-7.1 

11.9 

3.6 

1.6 

2.8 

2.7 

4.5 .9 

4.0 

-3.8 

4.5 

1.3 

3.7 

10.6 

6.4 

4.4 

1.7 

4.6 .8 

1.6 

4.6 

5.4 

5.1 

10.8 

15.5 

21.3 

13.9 

20.1 

10.3 

12.9 

24.9 

20.4 

15.3 

13.7 

4.7 

-6.4 

9.0 

5.3 .6 

3.5 

2.7 

6.3 

0 

3.1 

-3.8 

3.1 

1.6 

4.5 

10.0 

5.4 

3.8 

1.5 

5.2 .2 

2.4 

5.6 

4.6 

4.7 

11.6 

20.7 

15.2 

17.0 

20.0 

11.2 

12.9 

22.3 

20.3 

15.6 

14.4 

3.6 

-2.4 

12.5 

3.0 

1.4 

2.9 

2.3 

4.3 

-.6 

4.2 

-1.4 

1.0 

2.2 

5.7 

8.2 

5.3 

3.6 

1.8 

4.6 .8 

3.4 

5.5 

4.4 

5.0 

12.5 

22.0 

12.3 

21.7 

14.5 

11.1 

15.3 

21.6 

19.8 

13.5 

-3.7 

-3.6 

7.9 

8.5 

5.0 

-.1 

6.0 .4 

2.6 .8 

3.5 .5 

1.4 

2.9 

6.1 

4.7 

6.9 

4.3 

1.8 

3.6 .7 

4.9 

5.1 

4.4 

7.0 

12.5 

25.0 

10.4 

20.5 

14.6 

13.1 

17.1 

19.5 

18.0 

17.9 

2.4 

-7.5 

11.6 

4.6 

4.2 .7 

3.5 

3.5 

1.2 

4.6 

-1.7 

3.9 

1.9 

3.0 

7.4 

5.5 

6.5 

3.2 

2.5 

2.6 .6 

4.6 

5.2 

5.0 

9.4 

11.0 

27.4 

10.7 

20.5 

13.1 

12.1 

20.2 

21.4 

17.2 

19.8 

9.1 

-6.5 

10.4 

2.9 

1.3 

2.9 

2.9 

4.7 

1.3 

3.9 

-3.7 

4.5 

1.5 

3.8 

9.5 

6.3 

4.2 

1.8 

4.7 .7 

1.9 

4.6 

5.1 

5.0 

10.9 

16.5 

20.2 

14.1 

19.8 

11.0 

12.6 

24.2 

20.5 

15.6 

14.9 

-3.5 

6.9 

7.1 

3.4 

1.2 

3.8 

2.7 

2.3 

2.2 .6 

1.9 

1.5 

3.0 

7.2 

6.2 

5.7 

3.2 

2.7 

2.9 

1.0 

4.4 

5.2 

4.7 

8.1 

13.1 

23.7 

11.9 

20.6 

13.3 

12.2 

19.2 

20.7 

17.6 

16.5 

rpricesC 

Average for period 

30.1 

48.9 

47.0 

51.4 

55.0 

56.7 

62.6 

61.7 

61.7 

62.8 

63.5 

64.8 

67.2 

69.4 

74.5 

80.0 

83.1 

89.6 

94.9 

99.4 

104.2 

108.1 

117.1 

124.4 

130.1 

139.6 

174.1 

198.8 

217.3 

237.2 

247.1 

253.1 

273.3 

290.8 

299.8 

33.5 

50.1 

45.7 

52.5 

55.4 

56.9 

62.6 

61.4 

62.2 

62.9 

63.3 

64.8 

67.1 

69.9 

75.0 

80.9 

84.0 

90.9 

95.3 

99.8 

104.7 

109.2 

118.4 

124.3 

131.0 

142.8 

175.1 

200.8 

218.1 

238.7 

249.4, 

255.1 

275.0 

292.2 

300.4 

35.3 

50.8 

44.5 

52.8 

55.5 

57.9 

62.8 

62.4 

61.8 

63.5 

63.8 

65.2 

67.6 

70.6 

75.8 

81.8 

85.4 

92.7 

96.9 

99.8 

104.9 

110.5 

119.3 

126.2 

132.1 

145.2 

180.0 

204.5 

223.5 

242.6 

252.1 

258.6 

280.1 

294.5 

302.9 

36.7 

52.0 

45.0 

52.4 

54.8 

57.7 

62.6 

61.7 

61.7 

64.0 

63.8 

64.8 

67.9 

69.6 

76.7 

82.7 

85.5 

91.4 

95.6 

98.6 

105.4 

110.3 

117.9 

126.1 

132.9 

147.8 

180.5 

205.1 

224.1 

244.9 

253.5 

261.3 

282.6 

297.0 

303.8 

40.7 

50.7 

43.1 

52.2 

54.3 

58.6 

62.6 

61.4 

62.9 

64.2 

64.8 

64.7 

67.9 

70.8 

76.7 

83.7 

85.6 

91.4 

96.3 

98.1 

103.9 

110.3 

117.3 

127.3 

132.9 

148.3 

181.3 

204.9 

224.5 

243.6 

252.1 

261.5 

284.0 

297.3 

303.8 

40.1 

48.4 

44.6 

51.4 

55.3 

59.0 

62.9 

60.8 

60.9 

64.2 

64.0 

64.8 

67.8 

71.4 

77.3 

84.1 

85.5 

90.9 

96.4 

98.0 

104.5 

112.8 

117.8 

126.7 

133.0 

149.5 

185.2 

205.3 

225.7 

243.0 

253.1 

263.8 

284.0 

296.4 

301.5 

43.8 

47.7 

45.0 

53.2 

55.0 

59.4 

62.2 

61.4 

61.7 

64.7 

64.8 

65.9 

68.5 

71.9 

76.1 

81.9 

85.6 

91.1 

95.7 

98.6 

104.4 

112.8 

118.4 

125.7 

134.0 

150.8 

187.0 

204.9 

223.9 

243.0 

253.3 

261.1 

283.2 

294.7 

303.8 

45.9 

48.2 

45.5 

54.2 

54.9 

60.5 

62.2 

61.0 

62.2 

64.5 

64.7 

65.6 

68.5 

72.2 

75.7 

82.7 

86.1 

92.7 

96.8 

101.1 

108.5 

114.2 

121.5 

130.9 

135.4 

154.7 

189.9 

209.5 

229.8 

247.3 

256.4 

264.4 

288.3 

299.5 

309.1 

42.8 

47.5 

44.3 

54.5 

54.8 

62.9 

62.9 

62.1 

63.2 

64.8 

66.4 

66.4 

68.5 

73.8 

77.0 

83.4 

87.8 

93.9 

97.4 

102.5 

107.5 

114.0 

124.0 

130.6 

135.6 

153.6 

194.4 

213.0 

231.3 

248.6 

256.8 

267.7 

288.8 

300.7 

310.0 

43.8 

46.7 

45.0 

55.0 

54.8 

62.0 

61.6 

60.9 

62.3 

63.8 

65.7 

66.4 

68.1 

74.0 

76.9 

83.3 

87.1 

92.9 

96.8 

102.5 

107.7 

113.8 

123.4 

129.4 

135.4 

155.6 

195.7 

211.9 

231.3 

245.7 

254.1 

266.7 

289.4 

299.8 

306.6 

45.5 

47.8 

46.7 

54.8 

54.9 

62.0 

61.0 

60.9 

62.9 

63.8 

65.4 

66.4 

68.2 

74.3 

78.0 

82.9 

87.0 

93.3 

97.5 

103.0 

107.2 

114.2 

124.2 

129.4 

136.8 

160.0 

196.5 

211.7 

233.7 

245.1 

253.7 

268.3 

288.3 

299.8 

306.0 

31.4 

49.1 

47.2 

51.1 

55.1 

56.6 

62.5 

61.6 

61.6 

63.0 

63.5 

65.0 

67.1 

69.4 

74.7 

80.1 

83.5 

90.0 

94.8 

99.4 

104.2 

108.3 

117.2 

124.4 

130.2 

140.3 

172.5 

199.5 

217.1 

237.3 

247.5 

254.0 

273.2 

291.4 

300.3 

37.6 

51.2 

44.2 

52.5 

54.9 

58.1 

62.7 

61.8 

62.1 

63.9 

64.1 

64.9 

67.8 

70.3 

76.4 

82.7 

85.5 

91.8 

96.3 

98.8 

104.7 

110.4 

118.2 

126.5 

132.6 

147.1 

180.6 

204.8 

224.0 

243.7 

252.6 

260.5 

282.2 

296.3 

303.5 

43.3 

48.1 

45.0 

52.9 

55.1 

59.6 

62.4 

61.1 

61.6 

64.5 

64.5 

65.4 

68.3 

71.8 

76.4 

82.9 

85.7 

91.6 

96.3 

99.2 

105.8 

113.3 

119.2 

127.8 

134.1 

151.7 

187.4 

206.6 

226.5 

244.4 

254.3 

263.1 

285.2 

296.9 

304.8 

44.0 

47.3 

45.3 

54.8 

54.8 

62.3 

61.8 

61.3 

62.8 

64.1 

65.8 

66.4 

68.3 

74.0 

77.3 

83.2 

87.3 

93.4 

97.2 

102.7 

107.5 

114.0 

123.9 

129.8 

135.9 

156.4 

195.5 

212.2 

232.1 

246.5 

254.9 

267.6 

288.8 

300.1 

307.5 

39.1 

48.9 

45.4 

52.8 

55.0 

59.1 

62.4 

61.4 

62.0 

63.9 

64.5 

65.4 

67.9 

71.4 

76.2 

82.2 

85.5 

91.7 

96.1 

100.0 

105.6 

111.5 

119.6 

127.1 

133.2 

148.9 

184.0 

205.8 

224.9 

243.0 

252.3 

261.3 

282.4 

296.2 

304.0 

738c. Japan—change in index of consumer prices over 6-month spans4 

[Annual rate, percent] Average fo

r period 

28.8 

-14.1 

28.3 

-3.9 

8.9 

1.3 

-.3 

2.0 

5.2 

-.3 

-2.7 

4.3 

3.3 

5.5 

12.8 

2.9 

7.9 

4.3 

3.1 

5.7 

5.3 

7.3 

3.9 

4.0 

16.7 

31.0 

6.8 

9.1 

9.2 

3.9 

3.2 

9.6 

3.1 .5 

22.0 

-19.6 

24.2 

-1.8 

13.9 

1.3 .7 

5.6 

3.2 

2.5 

-3.0 

3.3 

6.2 

4.9 

13.2 

5.1 

9.4 

6.3 

1.8 

2.9 

7.2 

6.6 

5.4 

5.1 

16.3 

26.2 

6.8 

10.9 

7.0 

3.7 

4.0 

9.4 

3.8 .1 

84.1 

7.8 

-11.3 

14.1 

4.8 

13.3 

3.9 

-1.0 

1.3 

4.5 

1.9 

-.3 

3.0 

7.4 

7.6 

13.0 

6.1 

4.5 

7.2 .2 

3.5 

11.9 

4.4 

4.4 

6.0 

17.0 

20.9 

7.3 

9.5 

5.7 

5.4 

7.1 

8.5 

2.6 

-.5 

119.5 

-1.2 

-4.3 

11.4 

4.1 

12.8 .3 

-.3 

0 

5.5 

2.8 

2.2 

3.0 

6.7 

4.3 

5.6 

7.8 

5.7 

4.7 

1.6 

3.3 

11.6 

3.8 

3.2 

6.9 

17.7 

16.8 

7.8 

7.4 

6.0 

5.7 

6.6 

7.6 

2.9 

2.9 

93.5 

-4.0 

2.7 

10.3 

1.1 

15.4 

-.3 

-1.0 

-.6 

4.2 

3.8 

2.2 

4.5 

7.6 

3.2 

6.5 

7.0 

5.8 

4.7 

3.5 

7.8 

9.4 

5.2 

10.6 

6.5 

17.1 

17.1 

8.0 

9.8 

5.7 

3.8 

5.3 

8.0 

3.2 

4.0 

55.9 

-7.4 

4.6 

10.6 .4 

19.3 .3 

-2.2 

2.6 

2.2 

6.7 

2.5 

2.1 

9.3 

4.0 

5.2 

7.2 

4.0 

2.3 

6.4 

5.9 

6.9 

8.3 

7.8 

6.2 

13.4 

18.1 

9.5 

7.9 

5.5 

3.8 

6.9 

6.1 

3.9 

4.4 

56.8 

-12.5 

6.9 

14.7 

2.2 

16.6 

-2.9 

-1.9 

2.3 

-.3 

6.0 

5.0 

1.2 

14.6 

2.9 

4.2 

6.2 

5.3 

3.6 

8.5 

4.0 

6.1 

9.7 

6.1 

5.5 

13.4 

21.1 

9.3 

9.1 

3.1 

3.0 

6.7 

7.2 

4.1 

4.1 

27.1 

-9.6 

18.3 

10.6 

1.8 

12.2 

-4.7 

-1.3 

1.0 

-.6 

2.5 

6.6 

2.1 

12.0 

5.3 

-.2 

4.7 

5.1 

2.5 

9.3 

5.2 

5.8 

11.3 

3.2 

6.7 

18.0 

20.1 

8.1 

9.9 

2.8 

3.4 

7.6 

5.5 

4.2 

3.7 

34.5 

-4.4 

15.6 

10.3 

0 

9.7 

-5.9 

-.7 

6.3 

-2.8 

2.8 

5.9 

3.0 

8.9 

5.0 

-2.4 

8.6 

5.3 

3.1 

10.0 

4.0 

4.3 

10.6 

3.6 

7.9 

26.5 

15.0 

10.3 

9.3 

3.0 

1.2 

6.6 

6.2 

4.0 

4.0 

20.0 

-6.6 

25.3 

3.0 

2.9 

8.9 

-2.5 .7 

3.9 

-2.8 

1.2 

5.2 

3.5 

7.9 

10.2 

2.0 

7.6 

5.7 

4.6 

8.2 

4.4 

5.7 

8.9 

6.3 

7.9 

31.8 

11.7 

11.1 

11.2 

2.5 

-.5 

9.3 

5.3 

3.3 .7 

14.9 

-13.2 

29.1 

1.5 

5.2 

6.0 

-2.9 

4.3 

3.2 

-2.8 .9 

4.6 

3.5 

6.7 

12.2 

1.0 

9.0 

3.7 

4.8 

6.4 .9 

7.7 

5.0 .6 

11.7 

28.5 

12.5 

9.4 

9.6 

3.5 .8 

10.4 

4.6 

2.4 .9 

27.8 

-17.0 

29.2 

-2.0 

10.6 .4 

-.2 

2.8 

3.9 .3 

-2.6 

4.1 

5.4 

5.1 

12.5 

3.7 

9.0 

5.2 

3.0 

4.2 

5.9 

7.8 

4.1 

3.5 

15.5 

30.8 

7.7 

9.7 

8.5 

3.5 

3.0 

9.6 

3.8 

99.0 .9 

-4.3 

11.9 

3.3 

13.8 

1.3 

-.8 .2 

4.7 

2.8 

1.4 

3.5 

7.2 

5.0 

8.4 

7.0 

5.3 

5.5 

1.8 

4.9 

11.0 

4.5 

6.1 

6.5 

17.3 

18.3 

7.7 

8.9 

5.8 

5.0 

6.3 

8.0 

2.9 

2.1 

46.6 

-9.8 

9.9 

12.0 

1.5 

16.0 

-2.4 

-1.8 

2.0 .4 

5.1 

4.7 

1.8 

12.0 

4.1 

3.1 

6.0 

4.8 

2.8 

8.1 

5.0 

6.3 

9.8 

5.7 

6.1 

14.9 

19.8 

9.0 

9.0 

3.8 

3.4 

7.1 

6.3 

4.1 

4.1 

23.1 

-8.1 

23.3 

4.9 

2.7 

8.2 

-3.8 

1.4 

4.5 

-2.8 

1.6 

5.2 

3.3 

7.8 

9.1 .2 

8.4 

4.9 

4.2 

8.2 

3.1 

5.9 

8.2 

3.5 

9.2 

28.9 

13.1 

10.3 

10.0 

3.0 .5 

8.8 

5.4 

3.2 

1.9 

2.7 

3.0 

14.5 

1.4 

12.2 

-1.1 

-.3 

2.4 

1.6 

2.5 

2.2 

3.2 

8.1 

5.8 

6.0 

6.3 

6.0 

4.4 

5.2 

4.3 

7.2 

7.5 

4.8 

6.3 

19.2 

20.5 

8.7 

9.4 

5.3 

3.1 

6.3 

7.3 

3.5 

2.2 

128 

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Year 

Jan. Feb. Mar. Apr. May 

Monthly 

June July Aug. Sept. Oct. Nov. Dec. 

Quarterly 

IQ IIQ ill Q IV Q Annual 

742. United Kingdom-index of stock prices ( 

[1967=100] Average for period 

1947 41.8 

1948 38.4 

1949 35.7 

1950 29.5 

1951 33.5 

1952 32.5 

1953 33.9 

1954 39.7 

1955 56.5 

1956 51.1 

1957 51.1 

1958 45.3 

1959 60.6 

1960 88.0 

1961 87.7 

1962 82.3 

1963 85.2 

1964 98.8 

1965 93.4 

1966 97.7 

1967 88.8 

1968 114.6 

1969 164.5 

1970 139.3 

1971 123.5 

1972 175.2 

1973 182.2 

1974 126.1 

1975 68.8 

1976 150.7 

1977 149.6 

1978 198.2 

1979 211.1 

1980 224.3 

1981 259.0 

1982 291.1 

1947 

1948 20.8 

1949 22.2 

1950 23.1 

1951 31.3 

1952 37.9 

1953 35.5 

1954 31.8 

1955 42.9 

1956 54.0 

1957 57.5 

1958 46.2 

1959 62.5 

1960 58.1 

1961 61.2 

1962 72.4 

1963 73.3 

1964 82.6 

1965 102.3 

1966 103.1 

1967 96.5 

1968 98.2 

1969 119.8 

1970 112.1 

1971 109.0 

1972 121.3 

1973 150.0 

1974 145.9 

1975 110.7 

1976 117.8 

1977 107.3 

1978 99.1 

1979 138.4 

1980 224.7 

1981 223.7 

1982 185.3 

1947 

1948 

1949 

1950 9.3 

1951 9.9 

1952 18.9 

1953 14.0 

1954 16.2 

1955 27.5 

1956 31.6 

1957 29.4 

1958 33.2 

1959 55.5 

1960 94.6 

1961 139.6 

1962 121.0 

1963 93.7 

1964 114.2 

1965 112.3 

1966 110.3 

1967 88.2 

1968 123.6 

1969 134.7 

1970 144.6 

1971 115.7 

1972 117.7 

1973 138.8 

1974 110.3 

1975 105.0 

1976 131.9 

1977 119.5 

1978 126.5 

1979 135.0 

1980 117.2 

1981 115.3 

1982 116.8 

40.4 

33.4 

34.8 

30.5 

34.3 

31.8 

34.9 

40.5 

50.5 

48.0 

51.6 

42.9 

62.1 

86.1 

92.0 

83.2 

86.6 

96.2 

95.6 

100.8 

88.6 

117.9 

159.5 

135.0 

121.6 

180.0 

168.3 

123.5 

99.0 

152.6 

157.0 

187.7 

212.2 

239.4 

269.0 

300.1 

39.8 

34.8 

32.1 

29.8 

33.9 

30.5 

35.6 

40.9 

51.5 

48.7 

51.8 

45.8 

62.5 

86.8 

95.9 

81.0 

92.1 

98.7 

90.0 

120.5 

152.6 

131.4 

120.1 

185.8 

164.3 

115.6 

108.7 

152.5 

164.2 

187.5 

240.8 

231.6 

273.2 

298.8 

41.3 

36.0 

32.7 

29.8 

37.0 

32.5 

34.9 

43.0 

52.6 

52.3 

54.8 

47.9 

65.3 

82.0 

97.9 

86.9 

89.8 

100.5 

92.5 

98.2 

94.7 

133.3 

150.7 

128.8 

130.6 

190.9 

168.0 

111.7 

114.7 

154.0 

164.9 

191.9 

255.7 

228.1 

293.2 

303.2 

42.5 

36.0 

31.5 

30.5 

38.0 

29.3 

33.5 

43.9 

56.5 

49.7 

55.1 

48.3 

67.3 

84.9 

96.8 

84.9 

90.6 

99.0 

94.2 

101.3 

96.6 

139.3 

143.2 

115.6 

146.6 

194.5 

166.8 

112.4 

125.7 

155.9 

180.3 

202.9 

255.0 

230.3 

295.6 

315.4 

41.6 

33.6 

29.2 

31.9 

38.4 

29.0 

33.5 

45.1 

61.1 

48.3 

55.8 

50.6 

67.5 

82.7 

89.0 

77.5 

90.0 

97.7 

90.3 

102.4 

97.1 

142.4 

133.1 

112.7 

147.0 

184.1 

171.3 

103.1 

126.7 

145.8 

178.6 

201.2 

241.0 

240.7 

289.0 

314.6 

40.4 

33.4 

29.2 

30.7 

36.0 

30.7 

34.3 

47.2 

59.6 

50.2 

56.1 

50.7 

66.2 

82.8 

86.5 

77.1 

91.2 

100.9 

86.9 

98.1 

99.5 

150.0 

128.5 

115.0 

156.6 

187.1 

161.1 

93.6 

118.6 

146.4 

178.4 

204.4 

232.8 

255.9 

284.8 

313.2 

33.6 

33.6 

29.5 

31.3 

37.4 

32.8 

36.0 

50.0 

56.2 

50.5 

54.5 

53.7 

71.9 

87.3 

83.2 

80.1 

93.9 

102.1 

88.1 

87.4 

100.3 

154.0 

128.0 

118.1 

158.5 

195.5 

156.4 

81.6 

115.3 

140.1 

191.6 

220.3 

233.9 

256.7 

298.6 

320.1 

35.1 

33.9 

30.7 

32.7 

38.0 

32.1 

37.0 

50.7 

55.1 

49.4 

49.4 

55.5 

70.5 

86.5 

82.0 

80.0 

95.8 

102.4 

90.4 

86.2 

105.3 

157.6 

129.6 

120.5 

163.6 

183.2 

154.5 

74.3 

127.9 

131.9 

208.7 

223.3 

236.3 

262.6 

278.9 

343.5 

34.6 

34.8 

29.0 

32.7 

39.1 

32.1 

38.0 

53.4 

54.0 

49.4 

46.5 

57.4 

80.8 

87.5 

79.8 

80.4 

97.9 

100.0 

95.8 

85.0 

110.7 

152.6 

127.3 

128.3 

159.7 

179.9 

159.1 

70.9 

132.4 

116.6 

210.4 

217.4 

238.9 

267.4 

259.5 

360.7 

36.0 

35.4 

29.2 

33.1 

35.3 

32.5 

37.7 

52.8 

53.0 

45.1 

47.1 

57.8 

82.8 

83.3 

80.9 

83.6 

99.2 

95.5 

98.3 

83.0 

115.1 

154.5 

128.6 

120.3 

156.0 

185.6 

151.2 

65.3 

141.5 

121.5 

197.7 

208.1 

215.6 

277.5 

278.0 

372.0 

37.7 

35.1 

30.0 

32.5 

34.6 

32.5 

38.4 

53.4 

54.7 

48.3 

46.4 

61.7 

88.5 

84.3 

82.2 

84.8 

101.1 

91.9 

96.4 

85.3 

113.2 

157.8 

132.4 

121.0 

165.5 

190.8 

126.4 

58.2 

140.1 

132.7 

198.8 

213.3 

217.1 

267.6 

284.2 

365.0 

40.7 

35.5 

34.2 

29.9 

33.9 

31.6 

34.8 

40.4 

52.8 

49.3 

51.5 

44.7 

61.7 

87.0 

91.9 

82.2 

86.8 

97.9 

93.7 

99.1 

89.1 

117.7 

158.9 

135.2 

121.7 

180.3 

171.6 

121.7 

92.2 

151.9 

156.9 

191.1 

221.4 

231.8 

267.1 

296.7 

41.8 

35.2 

31.1 

30.7 

37.8 

30.3 

34.0 

44.0 

56.7 

50.1 

55.2 

48.9 

66.7 

83.2 

94.6 

83.1 

90.1 

99.1 

92.3 

100.6 

96.1 

138.3 

142.3 

119.0 

141.4 

189.8 

168.7 

109.1 

122.4 

151.9 

174.6 

198.7 

250.6 

233.0 

292.6 

311.1 

36.4 

33.6 

29.8 

31.6 

37.1 

31.9 

35.8 

49.3 

57.0 

50.0 

53.3 

53.3 

69.5 

85.5 

83.9 

79.1 

93.6 

101.8 

88.5 

90.6 

101.7 

153.9 

128.7 

117.9 

159.6 

188.6 

157.3 

83.2 

120.6 

139.5 

192.9 

216.0 

234.3 

258.4 

287.4 

325.6 

36.1 

35.1 

29.4 

32.8 

36.3 

32.4 

38.0 

53.2 

53.9 

47.6 

46.7 

59.0 

84.0 

85.0 

81.0 

82.9 

99.4 

95.8 

96.8 

84.4 

113.0 

155.0 

129.4 

123.2 

160.4 

185.4 

145.6 

64.8 

138.0 

123.6 

202.3 

212.9 

223.9 

270.8 

273.9 

365.9 

38.7 

34.9 

31.1 

31.2 

36.3 

31.5 

35.6 

46.7 

55.1 

49.2 

51.7 

51.5 

70.5 

85.2 

87.8 

81.8 

92.5 

98.6 

92.8 

93.7 

100.0 

141.2 

139.8 

123.8 

145.8 

186.0 

160.8 

94.7 

118.3 

141.7 

181.7 

204.7 

232.5 

248.5 

280.2 

324.8 

743. of stock prices® 

[1967=100] 

19.3 

20.8 

22.9 

34.2 

37.7 

34.6 

33.1 

44.5 

53.8 

55.1 

46.6 

63.0 

55.4 

63.4 

73.5 

70.6 

81.3 

101.8 

100.7 

96.7 

93.9 

113.7 

116.1 

107.5 

125.5 

145.4 

148.4 

112.6 

122.7 

108.5 

98.7 

141.1 

256.3 

218.6 

176.7 

19.3 

20.3 

22.9 

33.5 

37.0 

34.6 

33.5 

44.2 

57.7 

56.1 

47.8 

62.3 

55.5 

64.9 

74.3 

72.9 

86.0 

101.8 

99.7 

99.1 

91.1 

116.9 

117.5 

112.5 

123.2 

147.5 

144.4 

110.3 

121.7 

111.0 

105.3 

150.7 

203.2 

233.9 

173.1 

21.0 

20.3 

24.5 

34.4 

36.5 

32.7 

35.5 

45.2 

58.9 

58.8 

46.9 

61.6 

54.0 

66.5 

73.1 

76.0 

89.3 

103.1 

101.9 

101.2 

99.2 

120.1 

106.8 

110.1 

124.2 

140.3 

133.3 

115.7 

122.2 

108.2 

106.9 

149.5 

212.8 

232.3 

171.2 

22.7 

20.1 

25.2 

34.2 

35.1 

32.2 

36.7 

46.2 

57.5 

61.2 

49.0 

61.2 

56.3 

67.6 

72.9 

77.5 

92.2 

103.2 

97.6 

97.0 

96.6 

124.3 

94.1 

107.8 

130.4 

134.1 

120.2 

117.8 

121.5 

102.4 

109.4 

154.8 

216.4 

245.7 

168.4 

23.3 

18.7 

25.6 

33.3 

35.5 

31.5 

36.5 

49.8 

57.3 

61.1 

51.2 

61.4 

55.1 

68.3 

67.6 

74.8 

92.4 

96.9 

97.1 

98.0 

100.5 

110.8 

91.3 

110.3 

128.8 

139.4 

118.0 

121.7 

120.1 

107.3 

109.1 

168.9 

227.5 

242.9 

153.8 

22.7 

19.8 

24.3 

33.7 

36.3 

32.7 

36.7 

51.3 

60.4 

60.3 

52.9 

65.2 

52.9 

69.1 

64.7 

73.1 

94.2 

94.5 

95.5 

103.5 

100.9 

104.4 

96.9 

110.1 

131.2 

148.1 

120.4 

120.3 

116.4 

106.6 

116.7 

159.4 

240.0 

232.3 

156.8 

21.9 

20.6 

27.0 

35.5 

36.5 

32.9 

38.1 

51.3 

62.3 

54.8 

54.9 

62.2 

56.6 

71.0 

65.9 

73.6 

93.5 

96.6 

87.6 

102.1 

105.1 

110.0 

98.6 

111.5 

139.9 

149.8 

108.5 

118.4 

115.3 

101.6 

120.8 

178.6 

232.3 

231.6 

177.4 

21.9 

20.8 

28.3 

37.7 

35.5 

30.9 

38.9 

54.0 

59.3 

51.0 

55.9 

58.8 

52.4 

70.3 

63.0 

76.2 

97.5 

97.8 

85.1 

104.7 

109.4 

110.2 

101.8 

106.1 

139.6 

154.8 

95.2 

111.2 

111.7 

100.6 

129.5 

191.7 

233.5 

192.3 

177.3 

22.7 

21.9 

29.1 

38.5 

33.5 

30.7 

38.9 

50.4 

57.1 

46.4 

57.8 

58.6 

52.4 

70.8 

64.9 

76.3 

98.0 

100.1 

88.1 

98.7 

110.8 

110.3 

99.8 

100.1 

134.1 

162.7 

105.1 

103.8 

106.5 

96.4 

122.3 

175.2 

223.3 

190.4 

192.6 

23.1 

22.9 

29.1 

36.3 

34.4 

31.2 

41.2 

51.8 

55.1 

46.5 

58.6 

58.9 

55.5 

72.7 

70.2 

76.3 

97.8 

97.0 

87.4 

101.0 

115.1 

113.4 

104.1 

102.3 

142.2 

144.2 

94.2 

110.7 

97.5 

100.9 

129.1 

189.3 

235.2 

208.9 

189.7 

22.7 

22.9 

29.3 

36.5 

34.4 

30.9 

42.6 

52.4 

56.2 

46.1 

58.1 

61.3 

58.1 

75.2 

70.1 

79.3 

97.4 

98.6 

90.1 

101.5 

116.7 

113.2 

107.3 

112.9 

150.0 

144.0 

95.0 

106.4 

108.7 

106.9 

131.7 

199.5 

219.9 

201.2 

199.5 

19.8 

21.1 

23.0 

33.0 

37.5 

34.9 

32.8 

43.9 

55.2 

56.2 

46.9 

62.6 

56.3 

63.2 

73.4 

72.3 

83.3 

102.0 

101.2 

97.4 

94.4 

116.8 

115.2 

109.7 

123.3 

147.6 

146.2 

111.2 

120.7 

108.9 

101.0 

143.4 

228.1 

225.4 

178.4 

22.3 

19.7 

25.1 

34.0 

35.7 

32.1 

36.2 

47.1 

57.9 

60.4 

49.0 

61.4 

55.1 

67.5 

71.2 

76.1 

91.3 

101.1 

98.9 

98.7 

98.8 

118.4 

97.4 

109.4 

127.8 

137.9 

123.8 

118.4 

121.3 

106.0 

108.5 

157.7 

218.9 

240.3 

164.5 

22.2 

20.4 

26.5 

35.6 

36.1 

32.2 

37.9 

52.2 

60.7 

55.4 

54.6 

62.1 

54.0 

70.1 

64.5 

74.3 

95.1 

96.3 

89.4 

103.4 

105.1 

108.2 

99.1 

109.2 

136.9 

150.9 

108.0 

116.6 

114.5 

102.9 

122.3 

176.6 

235.3 

218.7 

170.5 

22.8 

22.6 

29.2 

37.1 

34.1 

30.9 

40.9 

51.5 

56.1 

46.3 

58.2 

59.6 

55.3 

72.9 

68.4 

77.3 

97.7 

98.6 

88.5 

100.4 

114.2 

112.3 

103.7 

105.1 

142.1 

150.3 

98.1 

107.0 

104.2 

101.4 

127.7 

188.0 

226.1 

200.2 

193.9 

21.8 

20.9 

25.9 

34.9 

35.9 

32.5 

37.0 

48.7 

57.5 

54.6 

52.2 

61.4 

55.2 

68.4 

69.4 

75.0 

91.8 

99.5 

94.5 

100.0 

103.1 

113.9 

103.9 

108.4 

132.5 

146.7 

119.0 

113.3 

115.2 

104.8 

114.9 

166.4 

227.1 

221.2 

176.8 

745. West 6ermany—index of stock prices <§) 

[1967=100] 

9.3 

10.6 

18.7 

13.7 

16.9 

27.3 

30.7 

28.3 

33.2 

55.5 

94.6 

139.6 

120.0 

89.8 

116.2 

110.3 

112.3 

93.6 

125.3 

136.0 

140.5 

123.4 

125.9 

136.3 

110.5 

112.4 

135.0 

118.3 

127.9 

131.9 

123.3 

114.0 

118.4 

8.4 

10.9 

17.2 

13.3 

17.2 

28.7 

30.7 

29.4 

34.2 

57.6 

95.7 

137.6 

119.1 

92.6 

118.2 

107.4 

110.5 

94.6 

124.2 

136.1 

137.7 

124.6 

130.5 

142.2 

108.1 

120.3 

136.5 

118.1 

126.1 

131.2 

118.1 

116.3 

120.1 

8.5 

10.8 

16.9 

13.3 

17.0 

31.6 

31.2 

29.4 

36.1 

59.6 

100.5 

140.5 

115.1 

95.7 

116.2 

107.4 

107.9 

93.7 

129.9 

136.9 

137.3 

121.3 

134.8 

142.1 

111.7 

124.5 

132.6 

124.0 

124.9 

130.6 

116.5 

122.7 

120.6 

8.4 

11.1 

15.7 

13.2 

17.3 

31.9 

30.2 

28.3 

36.1 

69.3 

117.1 

152.2 

98.5 

107.4 

113.2 

105.4 

101.0 

92.3 

131.3 

143.7 

125.2 

120.8 

138.4 

129.7 

112.2 

119.3 

126.7 

128.4 

124.0 

127.8 

118.8 

122.1 

117.6 

8.5 

11.6 

14.9 

13.2 

18.3 

32.1 

29.4 

28.3 

38.1 

75.2 

141.5 

144.5 

91.8 

104.5 

111.3 

104.5 

96.4 

90.6 

134.2 

144.7 

119.6 

119.1 

135.6 

128.1 

108.1 

114.5 

127.2 

125.2 

127.1 

121.7 

120.6 

126.1 

114.2 

8.5 

12.1 

14.6 

13.3 

19.8 

33.0 

29.0 

30.2 

39.1 

82.9 

144.5 

133.7 

87.8 

105.4 

113.2 

103.4 

90.8 

92.1 

136.7 

138.6 

117.5 

119.7 

134.3 

119.8 

103.2 

117.4 

124.8 

124.3 

129.1 

122.0 

121.2 

127.5 

113.5 

9.0 

12.9 

14.6 

14.0 

20.3 

33.9 

28.3 

30.2 

43.0 

94.6 

174.7 

121.0 

91.8 

110.3 

116.2 

105.4 

91.8 

104.2 

137.5 

144.0 

122.2 

119.8 

138.8 

119.1 

104.3 

119.6 

122.0 

126.0 

132.3 

124.3 

121.7 

122.5 

112.3 

9.4 

14.0 

15.3 

14.9 

21.6 

34.1 

28.7 

30.2 

46.8 

85.9 

155.3 

121.0 

85.9 

110.3 

115.1 

105.4 

95.6 

108.4 

133.7 

145.4 

117.2 

113.0 

134.3 

115.8 

99.4 

115.7 

122.3 

124.9 

136.4 

125.7 

120.0 

122.5 

115.6 

9.6 

15.3 

14.4 

15.6 

23.3 

31.5 

29.2 

30.2 

50.7 

84.0 

148.4 

127.9 

84.9 

108.4 

109.3 

102.6 

93.0 

109.8 

136.5 

151.5 

114.8 

108.7 

130.6 

117.6 

95.7 

118.8 

115.9 

126.4 

138.7 

123.5 

120.6 

118.8 

118.2 

9.3 

16.7 

14.0 

15.8 

24.2 

30.3 

28.6 

31.3 

50.7 

86.9 

143.5 

131.8 

100.5 

104.5 

109.3 

99.5 

89.8 

115.7 

133.7 

156.7 

109.5 

105.2 

132.3 

112.0 

96.9 

126.1 

115.8 

128.5 

134.8 

118.3 

117.2 

118.0 

118.8 

9.4 

17.0 

13.8 

15.7 

25.7 

31.5 

29.0 

31.3 

52.7 

92.6 

142.5 

125.9 

96.6 

108.4 

112.3 

98.5 

89.8 

116.9 

130.7 

150.9 

108.6 

112.7 

131.5 

105.5 

100.9 

128.3 

117.1 

125.4 

133.9 

118.8 

116.3 

117.7 

124.3 

9.0 

10.5 

18.3 

13.7 

16.8 

27.8 

31.0 

29.0 

33.5 

56.2 

95.0 

138.9 

120.0 

92.0 

116.2 

110.0 

111.0 

92.1 

124.4 

135.6 

140.9 

121.2 

124.7 

139.1 

109.6 

112.6 

134.5 

118.6 

126.8 

132.7 

119.5 

115.2 

118.4 

8.5 

11.2 

15.8 

13.2 

17.5 

31.9 

30.3 

28.7 

36.8 

68.0 

119.7 

145.7 

101.8 

102.5 

113.6 

105.8 

101.8 

92.2 

131.8 

141.8 

127.4 

120.4 

136.3 

133.3 

110.7 

119.4 

128.8 

125.9 

125.3 

126.7 

118.6 

123.6 

117.5 

9.0 

13.0 

14.8 

14.1 

20.6 

33.7 

28.7 

30.2 

43.0 

87.8 

158.2 

125.2 

88.5 

108.7 

114.8 

104.7 

92.7 

101.6 

136.0 

142.7 

119.0 

117.5 

135.8 

118.2 

102.3 

117.6 

123.0 

125.1 

132.6 

124.0 

121.0 

124.2 

113.8 

9.4 

16.3 

14.1 

15.7 

24.4 

31.1 

28.9 

30.9 

51.4 

87.8 

144.8 

128.5 

94.0 

107.1 

110.3 

100.2 

90.9 

114.1 

133.6 

153.0 

111.0 

108.9 

131.5 

111.7 

97.8 

124.4 

116.3 

126.8 

135.8 

120.2 

118.0 

118.2 

120.4 

9.0 

12.7 

15.8 

14.2 

19.8 

31.1 

29.7 

29.7 

41.2 

75.0 

129.4 

134.6 

101.1 

102.6 

113.7 

105.2 

99.1 

100.0 

131.4 

143.3 

124.6 

117.0 

132.1 

125.6 

105.1 

118.5 

125.6 

124.1 

130.1 

125.9 

119.3 

120.3 

117.5 

See footnotes at end of this part. 129 

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Year 

1947 

1948 

1949 

1950 

1951 

1952 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

1947 

1948 

1949 

1950 

1951 

1952 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

1947 

1948 

1949 

1950 

1951 

1952 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

Jan. 

21.6 

24.4 

24.5 

22.4 

22.3 

35.2 

37.1 

41.9 

68.1 

67.5 

77.8 

99.4 

94.0 

120.1 

149.2 

158.2 

155.9 

141.4 

123.2 

125.8 

98.0 

105.3 

111.9 

152.8 

135.7 

127.7 

159.0 

157.8 

162.0 

143.5 

116.0 

98.0 

160.9 

203.8 

191.1 

185.7 

26.2 

24.6 

25.3 

28.2 

38.9 

36.8 

52.5 

57.0 

60.2 

61.5 

75.0 

121.0 

157.2 

151.8 

130.8 

110.3 

82.3 

108.7 

105.4 

98.9 

99.2 

115.3 

90.7 

77.8 

82.4 

106.3 

71.4 

60.0 

52.9 

40.7 

52.4 

59.8 

110.0 

95.0 

3.3 

10.1 

8.2 

8.9 

14.8 

34.6 

30.1 

30.8 

35.5 

48.6 

41.8 

56.2 

76.5 

102.8 

93.7 

93.2 

88.1 

86.4 

96.3 

100.8 

92.9 

124.2 

160.6 

139.4 

187.2 

372.1 

282.0 

250.1 

305.4 

343.8 

339.0 

416.1 

420.1 

457.9 

518.9 

Feb. 

20.6 

23.3 

22.8 

21.0 

24.5 

37.1 

37.1 

41.2 

68.1 

65.8 

84.2 

89.0 

94.4 

125.3 

157.6 

174.9 

150.8 

132.2 

119.4 

121.2 

101.4 

103.2 

119.2 

148.7 

139.3 

130.2 

158.2 

152.2 

122.9 

150.8 

109.7 

100.3 

149.9 

207.4 

201.1 

193.1 

27.8 

24.3 

26.3 

29.5 

38.3 

38.1 

53.0 

57.6 

61.1 

61.7 

77.8 

119.2 

166.6 

151.0 

121.0 

104.2 

87.9 

113.2 

104.6 

96.5 

98.1 

115.2 

93.4 

75.4 

84.0 

108.5 

79.5 

62.6 

50.0 

43.5 

54.8 

61.1 

122.1 

98.8 

4.8 

9.6 

8.8 

10.0 

15.8 

36.1 

30.0 

31.2 

35.7 

48.3 

43.5 

58.4 

78.5 

107.6 

98.0 

97.1 

88.4 

86.4 

98.5 

103.3 

94.6 

125.6 

158.4 

145.1 

195.6 

350.0 

296.1 

271.6 

305.2 

344.7 

348.3 

409.9 

425.5 

458.2 

516.9 

Mar. 

22.0 

23.5 

21.3 

21.6 

24.8 

34.9 

36.2 

43.0 

75.7 

69.6 

93.8 

83.0 

94.4 

122.4 

163.7 

183.8 

151.2 

126.5 

124.6 

116.3 

97.1 

111.9 

128.5 

145.7 

136.9 

140.3 

168.8 

139.4 

131.0 

146.6 

101.6 

120.0 

155.4 

185.4 

209.4 

145.9 

27.2 

23.1 

27.0 

30.1 

36.6 

38.1 

50.5 

55.8 

61.6 

60.7 

81.7 

117.1 

163.6 

153.2 

118.8 

98.5 

98.0 

115.1 

94.4 

98.4 

100.1 

115.5 

93.0 

73.5 

92.7 

111.9 

81.7 

58.3 

48.7 

42.8 

57.9 

61.1 

125.9 

104.2 

5.8 

11.9 

8.5 

10.7 

15.2 

30.0 

28.0 

29.5 

36.9 

47.4 

43.2 

61.5 

81.0 

104.4 

93.2 

101.9 

86.1 

82.1 

101.6 

103.0 

94.8 

126.7 

165.1 

154.4 

206.1 

349.2 

291.6 

284.0 

309.4 

341.3 

359.7 

405.7 

413.0 

467.3 

486.2 

Apr. 

20.5 

23.3 

21.7 

21.4 

25.2 

34.9 

36.0 

45.5 

76.7 

72.7 

95.9 

84.1 

100.6 

130.1 

165.2 

184.0 

145.5 

126.8 

123.0 

112.7 

94.4 

116.1 

127.0 

140.3 

137.0 

147.0 

174.8 

148.7 

141.8 

140.1 

93.9 

130.6 

164.5 

189.0 

197.7 

184.8 

26.4 

23.8 

25.5 

28.5 

34.7 

36.2 

50.2 

53.1 

61.3 

59.8 

89.5 

121.4 

164.2 

147.3 

123.3 

89.3 

96.9 

106.2 

95.3 

100.4 

111.8 

119.5 

88.3 

78.5 

96.4 

116.1 

78.3 

52.9 

46.2 

41.4 

54.1 

61.0 

132.4 

96.7 

5.8 

12.5 

7.8 

10.1 

16.0 

27.3 

27.5 

29.3 

39.3 

48.8 

44.3 

62.7 

86.9 

108.1 

86.9 

109.5 

83.8 

79.6 

101.1 

101.1 

98.2 

131.5 

164.6 

164.0 

221.0 

330.8 

293.0 

290.5 

302.9 

339.3 

371.8 

402.9 

417.6 

494.6 

484.5 

May 

Monthly 

June Jul

y . 

746. France—index of stock prices <g> 

20.5 

22.0 

20.9 

21.4 

25.2 

32.9 

36.2 

47.9 

67.5 

73.4 

104.0 

84.7 

108.1 

132.6 

166.1 

167.6 

141.8 

120.1 

121.2 

109.5 

98.2 

109.9 

134.3 

135.8 

140.7 

155.5 

179.4 

132.5 

130.2 

138.2 

97.2 

133.3 

162.0 

201.1 

162.5 

183.3 

[1967 = 100] 

23.0 

21.4 

20.9 

22.3 

26.2 

36.0 

37.1 

46.8 

68.5 

76.7 

108.3 

80.6 

106.7 

137.8 

160.8 

158.6 

137.8 

112.8 

115.6 

108.7 

96.6 

105.9 

122.5 

132.5 

140.1 

147.2 

173.3 

122.4 

126.6 

135.4 

104.0 

135.7 

171.7 

201.4 

152.3 

166.3 

23.3 

24.1 

22.0 

20.5 

25.8 

36.0 

37.7 

50.8 

71.3 

83.7 

117.3 

79.5 

113.6 

142.3 

152.3 

163.7 

144.5 

128.1 

112.1 

106.5 

92.8 

101.4 

119.7 

136.6 

141.3 

155.8 

166.8 

123.4 

131.4 

129.7 

99.8 

149.8 

173.7 

198.9 

168.9 

161.1 

747. Italy-index of stock prices ® 

23.8 

22.9 

25.6 

28.2 

35.4 

37.3 

51.6 

54.5 

62.7 

60.6 

90.9 

128.3 

174.2 

148.6 

123.5 

95.3 

95.0 

105.4 

98.0 

99.7 

112.9 

111.6 

84.4 

79.2 

108.8 

106.1 

77.5 

53.6 

44.4 

43.2 

56.8 

61.5 

135.9 

91.0 

748. Japar 

5.2 

14.3 

8.1 

10.3 

17.6 

29.3 

27.3 

29.2 

40.0 

45.7 

45.4 

64.6 

85.0 

107.6 

88.4 

109.2 

88.4 

79.0 

102.5 

104.2 

101.9 

136.6 

142.0 

165.4 

232.0 

326.0 

303.2 

298.7 

309.1 

343.3 

371.0 

411.1 

422.9 

502.8 

503.4 

[1967=100] 

21.8 

22.3 

25.3 

29.2 

35.0 

37.9 

55.6 

51.9 

63.9 

59.3 

94.1 

143.2 

178.3 

138.2 

128.1 

86.4 

90.3 

106.0 

96.4 

98.0 

110.7 

106.0 

82.8 

77.7 

124.5 

96.5 

73.0 

56.7 

43.4 

44.0 

58.0 

64.8 

123.5 

83.1 

22.8 

21.4 

25.5 

30.3 

36.1 

40.2 

59.5 

53.8 

62.6 

59.8 

101.9 

149.3 

165.1 

136.1 

123.9 

84.5 

88.2 

107.6 

95.7 

99.9 

107.8 

102.8 

82.8 

80.1 

117.7 

90.5 

66.1 

64.3 

43.9 

44.8 

58.8 

66.0 

99.1 

78.4 

—index of stock prices ® 

[1967=100] 

4.8 

13.4 

7.5 

11.1 

19.5 

28.3 

28.0 

29.5 

41.9 

43.8 

46.9 

67.5 

83.6 

107.3 

89.5 

108.1 

91.2 

76.5 

99.9 

105.3 

105.0 

138.3 

142.8 

174.7 

246.7 

325.2 

306.0 

297.0 

319.3 

340.7 

373.2 

402.3 

423.8 

515.2 

489.6 

5.3 

12.0 

8.0 

10.9 

20.9 

29.9 

28.3 

29.6 

41.4 

41.5 

46.3 

69.4 

88.1 

112.4 

90.9 

102.8 

92.0 

75.1 

99.4 

105.3 

109.0 

135.8 

143.7 

182.6 

262.5 

341.3 

295.3 

293.0 

318.1 

339.6 

382.8 

400.6 

424.9 

534.4 

480.8 

Aug. 

26.0 

24.1 

23.0 

21.6 

28.8 

36.2 

38.5 

55.7 

71.3 

81.2 

117.9 

80.9 

116.9 

149.1 

153.0 

162.4 

150.3 

128.5 

116.3 

107.3 

98.2 

104.4 

125.6 

138.2 

135.3 

162.0 

163.9 

113.9 

136.9 

130.5 

105.3 

150.6 

188.6 

199.9 

177.4 

169.3 

23.7 

23.3 

26.2 

31.3 

37.7 

41.7 

63.3 

57.2 

64.3 

61.7 

110.4 

175.9 

165.8 

136.6 

120.3 

83.8 

92.5 

108.6 

98.5 

101.3 

111.8 

106.7 

81.7 

80.1 

104.8 

88.0 

64.3 

63.9 

45.3 

48.4 

61.7 

74.4 

112.0 

86.1 

5.3 

13.4 

8.9 

11.6 

21.4 

33.4 

28.2 

31.4 

41.7 

42.6 

47.1 

70.9 

90.3 

106.7 

89.2 

94.6 

89.5 

82.1 

100.5 

99.1 

114.0 

133.2 

144.5 

171.9 

278.6 

337.3 

270.7 

280.6 

321.8 

345.0 

380.3 

408.0 

429.1 

540.7 

474.3 

Sept. 

26.3 

26.2 

23.0 

22.6 

30.5 

34.9 

39.4 

59.3 

75.3 

80.9 

110.8 

84.1 

116.7 

140.7 

148.2 

163.5 

142.9 

121.2 

115.2 

100.4 

108.8 

104.0 

125.8 

135.1 

128.2 

163.2 

164.7 

96.7 

133.9 

126.8 

109.7 

165.1 

207.4 

203.0 

176.5 

168.4 

23.6 

23.6 

26.7 

31.8 

38.0 

42.6 

64.7 

55.9 

64.7 

63.0 

103.8 

188.7 

158.2 

131.2 

115.5 

92.6 

91.1 

107.4 

102.7 

100.3 

112.4 

102.5 

77.7 

78.8 

106.1 

76.3 

64.1 

59.5 

50.3 

57.3 

63.0 

82.7 

99.1 

85.8 

4.8 

13.9 

8.9 

12.2 

21.5 

35.7 

29.4 

32.1 

40.6 

43.8 

47.7 

74.2 

94.6 

97.4 

85.3 

94.0 

86.4 

87.2 

99.6 

96.0 

123.4 

140.9 

141.7 

163.2 

288.2 

320.1 

261.1 

271.0 

321.5 

351.2 

387.6 

412.5 

437.6 

511.3 

481.6 

Oct. 

25.1 

27.6 

22.4 

21.9 

31.1 

34.8 

39.5 

61.5 

71.3 

80.9 

102.3 

82.5 

125.4 

135.8 

149.0 

155.1 

139.1 

123.6 

112.0 

99.4 

107.9 

102.4 

134.3 

136.9 

118.4 

163.7 

167.2 

103.8 

135.8 

112.5 

111.9 

158.7 

187.5 

218.0 

163.9 

170.7 

23.5 

25.9 

26.9 

33.7 

37.5 

44.1 

63.2 

55.9 

63.7 

65.2 

103.5 

170.6 

163.6 

120.0 

111.1 

92.7 

90.7 

110.2 

105.8 

96.5 

119.6 

100.8 

77.8 

80.3 

108.6 

73.7 

60.2 

51.6 

46.2 

57.5 

62.6 

93.5 

91.2 

86.4 

5.1 

12.2 

8.8 

13.5 

24.7 

36.2 

28.3 

33.4 

41.3 

42.3 

50.0 

77.9 

98.0 

70.0 

79.0 

92.0 

82.4 

84.4 

98.5 

96.5 

122.8 

144.5 

139.7 

159.2 

297.2 

312.2 

239.7 

279.5 

318.4 

345.0 

395.0 

408.2 

447.5 

493.8 

490.4 

Nov. 

26.0 

25.5 

21.0 

21.6 

30.1 

34.2 

39.0 

68.6 

67.8 

71.3 

103.9 

81.4 

132.2 

142.1 

158.8 

164.4 

133.4 

126.5 

110.9 

106.3 

105.2 

104.4 

132.2 

133.9 

124.1 

153.0 

152.0 

103.4 

141.1 

108.4 

111.3 

155.4 

189.1 

215.2 

169.2 

174.5 

23.2 

26.0 

27.0 

35.6 

37.3 

45.7 

61.9 

56.5 

62.8 

68.9 

111.1 

153.7 

165.0 

126.9 

115.7 

89.6 

90.7 

108.7 

103.1 

93.4 

120.3 

95.5 

74.9 

85.4 

107.3 

79.4 

58.9 

50.3 

43.6 

51.6 

58.6 

99.2 

93.8 

88.8 

6.1 

11.1 

9.2 

13.3 

28.0 

35.4 

26.9 

33.4 

44.3 

41.5 

51.4 

79.0 

99.4 

88.9 

87.8 

88.1 

80.7 

88.1 

98.2 

94.6 

117.7 

149.3 

139.4 

160.9 

314.7 

300.9 

245.0 

286.0 

314.2 

332.5 

398.9 

403.4 

447.8 

505.6 

512.7 

Dec. 1 

23.5 

25.3 

21.9 

19.9 

31.2 

34.9 

39.0 

73.2 

69.6 

78.1 

99.1 

81.4 

132.7 

138.3 

163.5 

159.1 

133.8 

126.0 

115.5 

102.7 

101.5 

107.5 

137.4 

135.5 

123.7 

149.2 

151.6 

106.5 

139.5 

115.2 

105.3 

158.7 

186.8 

206.6 

170.7 

169.9 

23.6 

24.8 

26.8 

36.2 

37.4 

48.2 

58.6 

57.9 

61.1 

70.7 

114.9 

143.0 

155.4 

136.3 

117.7 

85.4 

98.0 

106.9 

99.9 

98.4 

114.8 

94.1 

76.7 

85.3 

96.5 

72.3 

61.1 

55.6 

40.0 

51.2 

55.4 

96.0 

96.9 

91.2 

8.1 

9.4 

8.5 

13.3 

29.7 

34.2 

28.1 

34.1 

46.0 

40.4 

53.4 

76.8 

96.3 

85.8 

91.2 

84.1 

81.3 

91.7 

97.1 

90.9 

118.3 

155.0 

134.4 

171.1 

339.9 

273.8 

255.5 

286.2 

330.6 

328.6 

404.9 

410.8 

443.5 

512.7 

528.2 

IQ 

21.4 

23.7 

22.9 

21.7 

23.9 

35.7 

36.8 

42.0 

70.6 

67.6 

85.3 

90.5 

94.3 

122.6 

156.8 

172.3 

152.6 

133.4 

122.4 

121.1 

98.8 

106.8 

119.9 

149.1 

137.3 

132.7 

162.0 

149.8 

138.6 

147.0 

109.1 

106.1 

155.4 

198.9 

200.5 

174.9 

27.1 

24.0 

26.2 

29.3 

37.9 

37.7 

52.0 

56.8 

61.0 

61.3 

78.2 

119.1 

162.5 

152.0 

123.5 

104.3 

89.4 

112.3 

101.5 

97.9 

99.1 

115.3 

92.4 

75.6 

86.4 

108.9 

77.5 

60.3 

50.5 

42.3 

55.0 

60.7 

119.3 

99.3 

4.6 

10.5 

8.5 

9.9 

15.3 

33.6 

29.4 

30.5 

36.0 

48.1 

42.8 

58.7 

78.7 

104.9 

95.0 

97.4 

87.5 

85.0 

98.8 

102.4 

94.1 

125.5 

161.4 

146.3 

196.3 

357.1 

289.9 

268.6 

306.7 

343.3 

349.0 

410.6 

419.5 

461.1 

1 507.3 

Quarterly 

II fi 

21.3 

22.2 

21.2 

21.7 

25.5 

34.6 

36.4 

46.7 

70.9 

74.3 

102.7 

83.1 

105.1 

133.5 

164.0 

170.1 

141.7 

119.9 

119.9 

110.3 

96.4 

110.6 

127.9 

136.2 

139.3 

149.9 

175.8 

134.5 

132.9 

137.9 

98.4 

133.2 

166.1 

197.2 

170.8 

178.1 

24.0 

23.0 

25.5 

28.6 

35.0 

37.1 

52.5 

53.2 

62.6 

59.9 

91.5 

131.0 

172.2 

144.7 

125.0 

90.3 

94.1 

105.9 

96.6 

99.4 

111.8 

112.4 

85.2 

78.5 

109.9 

106.2 

76.3 

54.4 

44.7 

42.9 

56.3 

62.4 

130.6 

90.3 

5.3 

13.4 

7.8 

10.5 

17.7 

28.3 

27.6 

29.3 

40.4 

46.1 

45.5 

64.9 

85.2 

107.7 

88.3 

108.9 

87.8 

78.4 

101.2 

103.5 

101.7 

135.5 

149.8 

168.0 

233.2 

327.3 

300.7 

295.4 

310.4 

341.1 

372.0 

405.4 

421.4 

504.2 

492.5 

III Q 

IV Q 

Averaf e for period 

25.2 

24.8 

22.7 

21.6 

28.4 

35.7 

38.5 

55.3 

72.6 

81.9 

115.3 

81.5 

115.7 

144.0 

151.2 

163.2 

145.9 

125.9 

114.5 

104.7 

99.9 

103.3 

123.7 

136.6 

134.9 

160.3 

165.1 

111.3 

134.1 

129.0 

104.9 

155.2 

189.9 

200.6 

174.3 

166.3 

24.9 

26.1 

21.8 

21.1 

30.8 

34.6 

39.2 

67.8 

69.6 

76.8 

101.8 

81.8 

130.1 

138.7 

157.1 

159.5 

135.4 

125.4 

112.8 

102.8 

104.9 

104.8 

134.6 

135.4 

122.1 

155.3 

156.9 

104.6 

138.8 

112.0 

109.5 

157.6 

187.8 

213.3 

167.9 

171.7 

Averaje for period 

23.4 

22.8 

26.1 

31.1 

37.3 

41.5 

62.5 

55.6 

63.9 

61.5 

105.4 

171.3 

163.0 

134.6 

119.9 

87.0 

90.6 

107.9 

99.0 

100.5 

110.7 

104.0 

80.7 

79.7 

109.5 

84.9 

64.8 

62.6 

46.5 

50.2 

61.2 

74.4 

103.4 

83.4 

23.4 

25.6 

26.9 

35.2 

37.4 

46.0 

61.2 

56.8 

62.5 

68.3 

109.8 

155.8 

161.3 

127.7 

114.8 

89.2 

93.1 

108.6 

102.9 

96.1 

118.2 

96.8 

76.5 

83.7 

104.1 

75.1 

60.1 

52.5 

43.3 

53.4 

58.9 

96.2 

94.0 

88.8 

Averafe for period 

5.1 

13.1 

8.6 

11.6 

21.3 

33.0 

28.6 

31.0 

41.2 

42.6 

47.0 

71.5 

91.0 

105.5 

88.5 

97.1 

89.3 

81.5 

99.8 

100.1 

115.5 

136.6 

143.3 

172.6 

276.4 

332.9 

275.7 

281.5 

320.5 

345.3 

383.6 

407.0 

430.5 

528.8 

478.9 

6.4 

10.9 

8.8 

13.4 

27.5 

35.3 

27.8 

33.6 

43.9 

41.4 

51.6 

77.9 

97.9 

81.6 

86.0 

88.1 

81.5 

88.1 

97.9 

94.0 

119.6 

149.6 

137.8 

163.7 

317.3 

295.6 

246.7 

283.9 

321.1 

335.4 

399.6 

407.5 

446.3 

504.0 

510.4 

Annual 

23.2 

24.2 

22.1 

21.5 

27.1 

35.2 

37.7 

53.0 

70.9 

75.2 

101.3 

84.2 

111.3 

134.7 

157.3 

166.3 

143.9 

126.1 

117.4 

109.7 

100.0 

106.4 

126.5 

139.3 

133.4 

149.6 

165.0 

125.1 

136.1 

131.5 

105.5 

138.0 

174.8 

202.5 

178.4 

172.8 

24.5 

23.8 

26.2 

31.0 

36.9 

40.6 

57.0 

55.6 

62.5 

62.7 

96.2 

144.3 

164.8 

139.8 

120.8 

92.7 

91.8 

108.7 

100.0 

98.5 

110.0 

107.1 

83.7 

79.3 

102.5 

93.8 

69.7 

57.4 

46.2 

47.2 

57.8 

73.4 

111.8 

90.5 

5.4 

12.0 

8.4 

11.3 

20.4 

32.5 

28.3 

31.1 

40.4 

44.6 

46.8 

68.3 

88.2 

99.9 

89.4 

97.9 

86.5 

83.2 

99.4 

100.0 

107.7 

136.8 

148.1 

162.7 

255.8 

328.2 

278.3 

282.4 

314.7 

341.2 

376.0 

407.6 

429.4 

499.5 

497.3 

130 

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Monthly 

Year

 Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. 

19. United States—index of stock prices, 500 common stocks ® ' 

[1967=100] 

1947 16.5 17.2 16.5 15.9 15.6 16.1 17.2 16.8 16.4 16.8 16.6 16.3 

1948 16.1 15.3 15.6 16.8 17.6 18.3 17.9 17.3 17.1 17.6 16.6 16.5 

1949 16.7 16.1 16.2 16.2 16.1 15.2 16.1 16.6 16.9 17.3 17.5 18.0 

1950 18.4 18.7 18.9 19.4 20.1 20.4 18.9 20.0 20.8 21.6 21.6 21.5 

1951 23.1 23.9 23.5 23.8 23.9 23.4 23.9 24.9 25.5 25.4 24.7 25.5 

1952 26.3 25.8 25.9 25.8 25.8 26.5 27.3 27.4 27.0 26.4 27.2 28.3 

1953 28.5 28.1 28.3 26.9 27.0 26.1 26.4 26.5 25.3 26.1 26.7 27.0 

1954 27.7 28.3 28.9 30.1 31.3 31.5 32.8 33.4 34.2 35.0 36.4 38.0 

1955 38.7 40.0 39.7 41.1 40.9 43.3 46.4 46.2 48.2 45.8 48.9 49.4 

1956 48.0 48.3 51.7 52.3 50.6 50.3 53.1 52.7 51.0 50.3 49.8 50.5 

1957 49.4 47.3 47.9 49.0 50.9 51.7 52.8 49.9 47.8 44.9 43.9 43.9 

1958 44.7 44.9 45.8 46.1 47.5 48.7 50.0 51.9 53.3 55.4 57.1 58.2 

1959 60.5 59.6 61.1 62.1 63.0 62.5 65.0 64.6 62.1 62.0 62.3 64.2 

1960 63.1 60.7 59.9 60.6 60.1 62.3 60.7 61.5 59.6 58.4 60.3 61.8 

1961 65.0 67.6 69.8 71.6 J2.3 71.4 71.2 73.7 73.2 74.0 77.3 78.0 

1962 75.1 76.4 76.5 74.0 68.5 60.5 62.0 63.7 63.1 61.1 65.3 68.1 

1963 70.8 71.7 71.4 74.8 76.3 76.3 75.1 77.2 79.2 79.4 79.0 80.7 

1964 83.2 84.2 85.7 87.0 87.8 87.3 90.5 89.2 90.7 92.3 92.9 91.3 

1965 93.7 94.4 94.5 95.7 97.1 92.5 92.4 94.1 97.2 99.4 100.2 99.8 

1966 101.5 100.8 96.7 99.6 94.4 93.6 93.4 87.7 84.6 83.9 88.1 88.5 

1967 91.9 95.0 97.3 98.9 100.7 99.5 101.2 102.8 104.2 104.1 100.8 103.7 

1968 103.4 98.7 96.9 104.1 106.5 109.4 109.1 106.7 110.2 112.9 114.7 115.8 

1969 111.0 110.4 108.0 110.2 113.8 107.8 103.0 102.4 102.8 103.9 104.7 99.1 

1970 98.2 94.8 96.4 93.5 82.7 82.2 82.4 84.8 89.8 91.8 91.7 98.0 

1971 101.7 105.6 108.3 112.1 110.6 108.5 107.7 105.8 108.1 105.8 100.9 107.9 

1972 112.4 114.5 117.1 118.4 117.1 117.5 116.6 120.8 119.0 119.2 125.2 127.8 

1973 128.8 124.2 122.3 120.0 116.6 113.9 115.1 112.9 114.9 118.9 111.0 103.1 

1974 104.5 101.7 106.0 100.6 97.5 97.7 90.1 82.7 74.1 75.5 78.0 73.0 

1975 78.9 87.1 91.1 92.2 98.0 100.5 100.6 93.2 92.1 96.3 98.0 96.5 

1976 105.4 109.5 110.0 110.9 110.0 110.7 113.3 112.4 114.7 110.8 110.1 113.8 

1977 112.9 109.8 109.4 107.7 107.4 108.0 109.0 106.3 104.7 102.0 102.6 102.1 

1978 98.2 96.8 96.6 100.8 106.0 106.2 105.7 113.0 113.0 109.4 103.3 104.5 

1979 108.5 106.9 108.9 111.0 1(8.5 110.7 111.7 116.8 118.1 113.6 112.8 117.2 

1980 120.6 125.5 113.9 112.0 117.1 124.6 130.4 134.3 137.6 141.7 147.6 145.2 

1981 144.6 139.7 144.9 146.2 143.3 143.9 140.5 141.0 128.7 130.3 133.7 134.7 

1982 127.6 124.6 120.6 126.5 126.6 119.7 119.0 119.3 133.2 144.3 150.2 151.6 

910. Composite index of 12 leadmg Mcators 

[1967=100] 

1947 

1948 52.8 51.3 51.5 52.1 51.7 52.0 52.0 51.1 50.2 50.1 49.3 48.9 

1949 48.2 47.8 47.4 46.8 47.0 46.8 47.7 48.9 50.6 50.8 51.1 51.4 

1950 52.2 53.0 53.3 54.4 55.4 56.3 58.6 59.9 59.2 58.4 57.5 57.6 

1951 58.7 58.2 57.9 56.7 56.3 55.1 54.5 54.1 54.7 54.9 54.9 55.4 

1952 55.5 55.6 55.8 55.4 55.9 57.1 56.8 57.5 59.2 58.7 58.9 59.1 

1953 59.7 59.8 60.1 59.7 59.1 58.1 58.2 57.3 55.9 55.8 55.3 55.4 

1954 55.6 56.1 56.1 56.7 57.3 57.9 58.7 58.4 59.7 60.9 62.3 63.1 

1955 64.1 65.2 66.0 66.1 66.5 66.7 67.4 67.5 67.9 67.1 67.5 67.2 

1956 67.0 66.7 67.1 67.4 66.3 66.0 66.4 66.5 66.3 66.4 66.4 66.0 

1957 65.4 65.3 65.3 64.8 65.0 65.3 65.2 65.1 64.2 63.5 62.7 62.1 

1958 62.2 61.6 62.0 62.2 63.4 64.7 66.2 67.5 68.7 69.4 70.4 70.1 

1959 71.4 72.3 73.7 74.0 74.2 73.7 73.4 73.1 73.3 72.7 71.9 73.2 

1960 72.9 72.1 70.8 70.9 11.0 71.1 71.4 71.4 71.5 71.2 70.8 70.4 

1961 70.9 71.4 72.7 73.9 74.8 75.7 75.7 76.7 76.4 77.5 78.5 78.8 

1962 78.8 79.9 80.0 79.6 78.7 77.9 78.7 79.3 79.9 80.0 80.8 81.0 

1963 81.6 82.4 83.2 83.9 84.7 84.5 84.3 84.7 85.7 86.3 86.5 86.7 

1964 87.2 88.2 88.4 89.3 90.2 89.9 90.8 91.5 92.7 92.8 93.1 93.7 

1965 94.5 94.8 95.2 95.0 95.6 95.3 95.5 95.8 96.4 97.0 98.0 99.1 

1966 99.9 100.8 101.9 101.5 100.2 99.4 99.1 98.3 97.3 96.7 96.5 96.4 

1967 97.4 97.0 96.9 97.1 97.9 99.2 100.1 101.9 102.3 102.5 103.2 104.4 

1968 104.4 105.5 105.7 104.7 105.4 106.0 106.9 106.5 108.1 110.3 110.8 111.5 

1969 112.2 112.1 111.7 112.7 112.2 111.2 110.2 110.3 110.8 110.7 109.5 109.1 

1970 107.5 106.6 105.5 104.5 105.1 105.5 104.8 104.7 104.9 104.4 105.0 107.3 

1971 108.6 110.2 111.9 112.9 113.7 113.5 113.3 113.7 114.6 115.5 116.5 118.0 

1972 119.2 120.7 122.2 123.0 122.9 123.3 124.4 126.0 127.5 129.4 130.3 131.4 

1973 132.4 134.1 134.2 133.4 133.5 133.1 132.7 131.5 130.9 131.0 131.1 128.7 

1974 128.7 128.0 127.8 126.1 125.5 123.8 123.5 120.3 116.5 113.5 111.2 109.2 

1975 107.7 107.6 107.8 111.0 113.4 115.8 118.2 119.0 120.6 122.0 122.4 122.8 

1976 126.1 128.0 128.8 129.3 130.5 131.6 132.2 131.9 132.4 132.2 133.5 134.5 

1977 134.5 136.5 138.4 138.5 138.9 139.8 138.5 140.5 141.1 141.9 141.6 142.4 

1978 141.0 142.8 144.9 146.3 146.4 146.9 145.4 146.2 146.8 147.9 147.6 147.2 

1979 147.7 147.5 149.3 146.4 147.6 146.5 145.2 144.5 144.5 141.7 140.1 140.5 

1980 141.4 140.4 137.4 133.4 130.9 132.0 135.1 138.3 141.2 142.4 143.4 143.0 

1981 142.1 140.4 141.7 144.6 144.5 143.2 142.9 142.4 139.3 136.9 137.0 136.2 

1982 135.1 135.7 134.7 136.0 136.2 135.5 136.2 136.2 137.6 138.6 139.4 140.9 

910c. Change h composite index of 12 leadhf indicators over 1-month spans4 

[Annual rate, percent] 

1947 

1948 -29.2 4.8 14.9 -8.8 7.2 0 -18.9 -19.2 -2.4 -17.6 -9.3 

1949 -15.9 -9.5 -9.6 -14.2 5.3 -5.0 25.7 34.7 50.7 4.8 7.3 7.3 

1950 20.4 20.0 7.0 27.8 24.4 21.3 61.7 30.1 -13.2 -15.1 -17.0 2.1 

1951 25.5 -9.8 -6.0 -22.2 -8.1 -22.8 -12.3 -8.5 14.2 4.5 0 11.5 

1952 2.2 2.2 4.4 -8.3 11.4 29.0 -6.1 15.8 41.9 -9.7 4.2 4.2 

1953 12.9 2.0 6.2 -7.7 -11.4 -18.5 2.1 -17.1 -25.7 -2.1 -10.2 2.2 

1954 4.4 11.3 0 13.6 13.5 13.3 17.9 -6.0 30.2 27.0 31.4 16.5 

1955 20.8 22.7 15.8 1.8 7.5 3.7 13.3 1.8 7.3 -13.3 7.4 -5.2 

1956 -3.5 -5.2 7.4 5.5 -17.9 -5.3 7.5 1.8 -3.5 1.8 0 -7.0 

1957 -10.4 -1.8 0 -8.8 3.8 5.7 -1.8 -1.8 -15.4 -12.3 -14.1 -10.9 

1958 1.9 -11.0 8.1 3.9 25.8 27.6 31.7 26.3 23.5 12.9 18.7 -5.0 

1959 24.7 16.2 25.9 5.0 3.3 -7.8 -4.8 -4.8 3.3 -9.4 -12.4 24.0 

1960 -4.8 -12.4 -19.6 1.7 1.7 1.7 5.2 0 1.7 -4.9 -6.5 -6.6 

1961 . . 8.9 8.8 24.2 21.7 15.6 15.4 0 17.1 -4.6 18.7 16.6 4.7 

1962 0 18.1 1.5 -5.8 -12.8 -11.5 13.0 9.5 9.5 1.5 12.7 3.0 

1963 9.3 12.4 12.3 10.6 12.1 -2.8 -2.8 5.8 15.1 8.7 2.8 2.8 

1964 7.1 14.7 2.8 12.9 12.8 -3.9 12.7 9.7 16.9 1.3 3.9 8.0 

1965 10.7 3.9 5.2 -2.5 7.8 -3.7 2.5 3.8 7.8 7.7 13.1 14.3 

1966 10.1 11.4 13.9 -4.6 -14.3 -9.2 -3.6 -9.3 -11.5 -7.2 -2.5 -1.2 

1967 . 13.2 -4.8 -1.2 2.5 10.3 17.2 11.4 23.8 4.8 2.4 8.5 14.9 

1968 0 13.4 2.3 -10.8 8.3 7.0 10.7 -4.4 19.6 27.3 5.6 7.9 

1969 7.8 -1.1 -4.2 11.3 -5.2 -10.2 -10.3 1.1 5.6 -1.1 -12.3 -4.3 

1970 -16.2 -9.6 -11.7 -10.8 7.1 4.7 -7.7 -1.1 2.3 -5.6 7.1 29.7 

1971 15.5 19.2 20.2 11.3 8.8 -2.1 -2.1 4.3 9.9 9.8 10.9 16.6 

1972 12.9 16.2 16.0 8.1 -1.0 4.0 11.2 16.6 15.3 19.4 8.7 10.6 

1973 9.5 16.5 .9 -6.9 .9 -3.5 -3.5 -10.3 -5.3 .9 .9 -19.9 

1974 0 -6.3 -1.9 -14.8 -5.6 -15.1 -2.9 -27.0 -32.0 -26.9 -21.8 -19.6 

1975 -15.3 -1.1 2.3 42.1 29.3 28.6 27.9 8.4 17.4 14.9 4.0 4.0 

1976 37.5 19.7 7.8 4.8 11.7 10.6 5.6 -2.7 4.6 -1.8 12.5 9.4 

1977 0 19.4 18.0 .9 3.5 8.1 -10.6 18.8 5.2 7.0 -2.5 7.0 

1978 -11.2 16.4 19.1 12.2 .8 4.2 -11.6 6.8 5.0 9.4 -2.4 -3.2 

1979 4.2 -1.6 15.7 -21.0 10.3 -8.6 -10.1 -5.6 0 -20.9 -12.7 3.5 

1980 8.0 -8.2 -22.8 -29.8 -20.3 10.6 32.1 32.4 28.3 10.7 8.8 -3.3 

1981 -7.3 -13.4 11.7 27.5 -.8 -10.3 -2.5 -4.1 -23.2 -18.8 .9 -6.8 

1982 -9.3 5.5 -8.5 12.2 1.8 -6.0 6.4 0 13.1 9.1 7.2 13.7 

Quarterly 

1 0 IIQ III 0 IV Q mmm 

Average for period 

16.7 15.9 16.8 16.6 16.5 

! 15.7 17.6 17.4 16.9 16.9 

1 16.3 15.8 16.5 17.6 16.6 

1 18.7 20.0 19.9 21.6 20.0 

23.5 23.7 24.8 25.2 24.3 

26.0 26.0 27.2 27.3 26.6 

28.3 26.7 26.1 26.6 26.9 

28.3 31.0 33.5 36.5 32.3 

39.5 41.8 46.9 48.0 44.0 

49.3 51.1 52.3 50.2 50.7 

48.2 50.5 50.2 44.2 48.3 

45.1 47.4 51.7 56.9 50.3 

60.4 62.5 63.9 62.8 62.4 

61.2 61.0 60.6 60.2 60.8 

67.5 71.8 72.7 76.4 72.1 

76.0 67.7 62.9 64.8 67.9 

71.3 75.8 77.2 79.7 76.0 

84.4 87.4 90.1 92.2 88.5 

94.2 95.1 94.6 99.8 95.9 

99.7 95.9 88.6 86.8 92.7 

94.7 99.7 102.7 102.9 100.0 

99.7 106.7 108.7 114.5 107.4 

109.8 110.6 102.7 102.6 106.4 

96.5 86.1 85.7 93.8 90.5 

105.2 110.4 107.2 104.9 106.9 

114.7 117.7 118.8 124.1 118.8 

125.1 116.8 114.3 111.0 116.8 

104.1 98.6 82.3 75.5 90.1 

85.7 96.9 95.3 96.9 93.7 

108.3 110.5 113.5 111.6 111.0 

110.7 107.7 106.7 102.2 106.8 

97.2 104.3 110.6 105.7 104.5 

108.1 110.1 115.5 114.5 112.1 

120.0 117.9 134.1 144.8 129.2 

143.1 144.5 136.7 132.9 139.3 

124.3 124.3 123.8 148.7 130.3 

Average for period 

51.9 51.9 51.1 49.4 51.1 

i 47.8 46.9 49.1 51.1 48.7 

52.8 55.4 59.2 57.8 56.3 

58.3 56.0 54.4 55.1 56.0 

! 55.6 56.1 57.8 58.9 57.1 

59.9 59.0 57.1 55.5 57.9 

55.9 57.3 58.9 62.1 58.6 

65.1 66.4 67.6 67.3 66.6 

66.9 66.6 66.4 66.3 66.5 

65.3 65.0 64.8 62.8 64.5 

61.9 63.4 67.5 70.0 65.7 

72.5 74.0 73.3 72.6 73.1 

71.9 71.0 71.4 70.8 71.3 

71.7 74.8 76.3 78.3 75.2 

79.6 78.7 79.3 80.6 79.6 

! 82.4 84.4 84.9 86.5 84.5 

87.9 89.8 91.7 93.2 90.6 

94.8 95.3 95.9 98.0 96.0 

100.9 100.4 98.2 96.5 99.0 

97.1 98.1 101.4 103.4 100.0 

105.2 105.4 107.2 110.9 107.2 

112.0 112.0 110.4 109.8 111.1 

106.5 105.0 104.8 105.6 105.5 

110.2 113.4 113.9 116.7 113.5 

120.7 123.1 126.0 130.4 125.0 

133.6 133.3 131.7 130.3 132.2 

128.2 125.1 120.1 111.3 121.2 

107.7 113.4 119.3 122.4 115.7 

127.6 130.5 132.2 133.4 130.9 

136.5 139.1 140.0 142.0 139.4 

142.9 146.5 146.1 147.6 145.8 

148.2 146.8 144.7 140.8 145.1 

139.7 132.1 138.2 142.9 138.2 

141.4 144.1 141.5 136.7 140.9 

135.2 135.9 136.7 139.6 136.8 

Average for period 

4.4 -12.7 -9.8 

-11.7 -4.6 37.0 6.5 6.8 

15.8 24.5 26.2 -10.0 14.1 

3.2 -17.7 -2.2 5.3 -2.8 

2.9 10.7 17.2 -.4 7.6 

7.0 -12.5 -13.6 -3.4 -5.6 

5.2 13.5 14.0 25.0 14.4 

19.8 4.3 7.5 -3.7 7.0 

-.4 -5.9 1.9 -1.7 -1.5 

-4.1 .2 -6.3 -12.4 -5.6 

-.3 19.1 27.2 8.9 13.7 

22.3 .2 -2.1 .7 5.3 

-12.3 1.7 2.3 -6.0 -3.6 

14.0 17.6 4.2 13.3 12.3 

6.5 -10.0 10.7 5.7 3.2 

11.3 6.6 6.0 4.8 7.2 

8.2 7.3 13.1 4.4 8.2 

6.6 .5 4.7 11.7 5.9 

11.8 -9.4 -8.1 -3.6 -2.3 

2.4 10.0 13.3 8.6 8.6 

5.2 1.5 8.6 13.6 7.2 

.8 -1.4 -1.2 -5.9 -1.9 

-12.5 .3 -2.2 10.4 -1.0 

18.3 6.0 4.0 12.4 10.2 

15.0 3.7 14.4 12.9 11.5 

9.0 -3.2 -6.4 -6.0 -1.6 

-2.7 -11.8 -20.6 -22.8 -14.5 

-4.7 33.3 17.9 7.6 13.5 

21.7 9.0 2.5 6.7 10.0 

12.5 4.2 4.5 3.8 6.2 

8.1 5.7 .1 1.3 3.8 

6.1 -6.4 -5.2 -10.0 -3.9 

-7.7 -13.2 30.9 5.4 3.9 

-3.0 5.5 -9.9 -8.2 -3.9 

-4.1 2.7 6.5 10.0 3.8 

See footnotes at end of this part 131 

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Year 

Monthly 

Jan. Feb. Mar. Apr. May June July Aug. Sept. 

910c. Change in composite index of 12 leading indicators over 3-month spans4 

[Annual rate, percent] 

Oct. Nov. Dec. 

Quarterly 

IQ HQ HI Q IVQ 

Annual 

Average for period 

1947 

1948 

1949 -11.6 

1950 15.7 

1951 5.0 

1952 5.2 

1953 6.3 

1954 5.9 

1955 20.0 

1956 -4.7 

1957 -6.5 

1958 -6.8 

1959 11.2 

1960 1.1 

1961 3.4 

1962 7.3 

1963 8.2 

1964 8.1 

1965 7.5 

1966 11.9 

1967 2.1 

1968 9.2 

1969 4.8 

1970 -10.2 

1971 21.3 

1972 15.2 

1973 12.2 

1974 -9.1 

1975 -12.3 

1976 19.6 

1977 9.3 

1978 3.4 

1979 -.3 

1980 9 

1981 -8.1 

1982 -3.7 

1947 

1948 102.6 

1949 94.1 

1950 96.8 

1951 104.3 

1952 101.3 

1953 104.1 

1954 93.5 

1955 98.4 

1956 99.8 

1957 98.6 

1958 90.7 

1959 97.2 

1960 98.6 

1961 92.6 

1962 96.9 

1963 96.4 

1964 96.9 

1965 100.0 

1966 102.1 

1967 101.3 

1968 100.0 

1969 102.3 

1970 99.2 

1971 96.5 

1972 98.9 

1973 101.3 

1974 99.0 

-11.7 

15.6 

2.1 

2.9 

6.9 

5.2 

19.7 

-.6 

-4.2 

-.6 

22.2 

-12.5 

13.7 

6.2 

11.3 

8.1 

6.6 

11.8 

2.1 

5.1 

.7 

-12.6 

18.3 

15.0 

8.8 

-2.8 

-5.0 

21.0 

12.1 

7.2 

5.8 

-8.5 

-3.6 

-2.9 

-5.2 

-11.1 

18.0 

-12.9 

-.7 

0 

8.2 

13.1 

2.4 

-3.6 

0 

15.4 

-10.5 

18.0 

4.1 

11.8 

10.0 

2.1 

6.6 

-1.2 

1.2 

1.8 

-10.7 

16.8 

13.4 

3.1 

-7.8 

12.8 

10.5 

12.4 

15.9 

-3.5 

-20.8 

7.2 

2.7 

3.2 

-6.5 

19.4 

-12.4 

2.2 

-4.6 

8.8 

8.2 

-2.4 

-1.8 

12.2 

10.9 

-6.0 

20.5 

-5.9 

11.6 

9.4 

3.4 

-2.4 

3.8 

-.4 

.4 

-5.5 

13.3 

7.5 

-1.8 

-7.6 

23.4 

8.0 

7.2 

10.5 

.3 

-24.4 

12.2 

1.5 

3.9 

-5.0 

24.5 

-18.0 

9.6 

-12.7 

13.5 

4.3 

-6.4 

0 

18.6 

0 

1.7 

17.6 

-10.1 

6.4 

7.0 

.4 

-9.5 

9.8 

1.1 

-1.8 

0 

5.8 

3.6 

-3.2 

-11.9 

33.2 

9.0 

4.1 

5.6 

-7.3 

-14.8 

4.3 

2.4 

-0.8 

7.9 

34.6 

-14.6 

10.5 

-9.7 

14.9 

8.1 

-5.8 

2.5 

28.3 

-3.2 

2.9 

10.1 

-4.4 

1.9 

6.9 

2.1 

-9.1 

12.9 

8.7 

-8.6 

1.2 

1.4 

4.6 

-2.1 

-8.0 

28.6 

9.3 

0 

-2.4 

-3.2 

5.2 

-4.6 

.6 

-4.6 

17.2 

36.7 

-14.7 

12.0 

-11.6 

7.9 

6.2 

1.2 

.6 

28.5 

-5.8 

2.3 

10.6 

3.1 

0 

5.9 

.8 

-7.4 

17.4 

4.2 

-6.6 

-1.5 

0 

10.5 

-5.9 

-15.6 

21.3 

4.4 

4.7 

-.5 

-8.1 

24.6 

-5.7 

0 

-13.1 

36.7 

22.3 

-2.9 

15.5 

-14.3 

13.0 

7.4 

1.8 

-6.6 

27.1 

-2.2 

2.3 

3.8 

10.7 

5.8 

13.1 

4.7 

-8.2 

13.1 

8.2 

-1.4 

-2.3 

3.9 

14.3 

-6.4 

-21.6 

17.6 

2.5 

3.8 

-.3 

-5.3 

30.9 

-10.5 

6.3 

-13.8 

28.6 

-1.4 

3.0 

14.1 

-15.5 

15.9 

-1.8 

0 

-10.0 

20.8 

-3.8 

-1.1 

9.9 

6.8 

9.8 

9.1 

6.4 

-9.3 

9.9 

13.3 

1.8 

-1.5 

8.0 

17.1 

-5.0 

-28.7 

13.5 

0 

10.2 

7.1 

-9.3 

23.4 

-15.8 

7.2 

-13.4 

19.2 

-15.1 

6.0 

10.1 

-13.2 

29.5 

0 

-.6 

-14.0 

18.3 

-6.4 

-3.3 

9.7 

7.8 

9.5 

-7.1 

5.2 

17.2 

-2.9 

1.2 

10.2 

14.4 

-1.2 

-27.0 

11.9 

4.9 

3.2 

3.9 

-11.6 

15.6 

-14.3 

9.7 

-10.0 

6.5 

-10.4 

5.2 

-.7 

-3.5 

24.8 

-4.1 

-1.8 

-12.5 

8.4 

-.5 

-6.0 

13.2 

5.6 

4.7 

4.4 

11.7 

-3.6 

8.5 

13.2 

-6.0 

9.5 

12.4 

12.8 

-6.6 

-22.8 

7.5 

6.5 

3.7 

1.1 

-10.6 

5.2 

-8.6 

9.9 

-14.3 

11.5 

2.1 

4.4 

7.0 

-1.4 

22.7 

-.6 

-5.9 

-7.9 

12.0 

1.1 

-1.7 

6.9 

8.2 

4.2 

7.5 

12.5 

2.9 

7.6 

7.1 

-11.1 

17.1 

13.4 

9.6 

-6.8 

-18.9 

14.1 

7.1 

-2.5 

-.5 

-5.2 

20.1 

-11.5 

16.4 

-1.9 

2.5 

4.4 

6.4 

17.6 

-1.0 

-4.8 

-2.5 

16.3 

-7.3 

11.7 

5.9 

10.4 

8.7 

5.4 

10.1 

1.0 

5.2 

2.4 

-11.2 

18.8 

14.5 

8.0 

-6.6 

-1.5 

17.0 

11.3 

8.8 

.7 

-9.5 

-1.5 

-1.3 

2.1 

-1.2 

26.2 

-15.0 

7.4 

-9.0 

12.4 

6.9 

-4.9 

.2 

19.7 

2.6 

-.5 

16.1 

-6.8 

6.6 

7.8 

2.0 

-7.0 

8.8 

3.1 

-3.3 

-1.4 

6.8 

5.2 

-2.4 

-9.2 

3.8 

4.6 

-3.4 

-11.3 

4.0 

1.5 

-10.5 

27.5 

19.2 

-4.9 

13.9 

-13.8 

12.3 

3.9 

1.0 

-5.3 

25.5 

-3.9 

1.2 

8.1 

6.9 

5.2 

9.4 

4.0 

-8.3 

13.5 

8.6 

-2.1 

-1.8 

4.0 

14.0 

-5.8 

-22.0 

17.5 

2.3 

6.2 

2.1 

-7.6 

26.3 

-10.7 

4.5 

-12.6 

12.4 

-7.8 

5.2 

5.5 

-6.0 

25.7 

-1.6 

-2.8 

-11.5 

12.9 

-1.9 

-3.7 

9.9 

7.2 

5.9 

6.4 

11.2 

-2.6 

7.1 

12.5 

-6.7 

9.3 

12.0 

12.3 

-4.9 

-22.9 

11.2 

6.2 

1.5 

1.5 

-7.7 

6.7 

-9.4 

13.2 

6.8 

13.5 

-4.1 

7.3 

-6.1 

14.2 

6.7 

-1.9 

-5.3 

13.9 

3.2 

-2.6 

11.4 

3.3 

7.0 

8.1 

5.6 

-1.9 

7.6 

7.3 

-2.4 

-1.3 

10.4 

11.5 

-1.2 

-15.1 

13.9 

8.6 

5.7 

4.2 

-4.5 

3.0 

-4.4 

4.5 

913. Composite index of marginal employment adjustments 

[1967=100] Average for period 

101.3 

94.4 

96.6 

104.1 

101.5 

104.0 

93.5 

99.4 

98.4 

98.5 

89.8 

97.9 

97.1 

91.9 

97.2 

96.9 

97.6 

100.0 

102.7 

99.4 

101.2 

101.6 

98.3 

96.5 

99.2 

102.4 

98.7 

101.3 

92.9 

98.1 

104.6 

101.1 

103.8 

93.4 

100.1 

98.7 

98.5 

89.4 

98.9 

95.1 

94.2 

97.8 

97.1 

97.6 

100.6 

103.8 

98.6 

101.4 

102.3 

97.4 

96.5 

99.5 

101.9 

98.8 

101.4 

92.0 

99.1 

103.6 

99.6 

103.7 

93.0 

100.3 

99.5 

97.3 

89.7 

99.0 

95.1 

94.9 

98.0 

96.7 

98.6 

99.7 

103.5 

98.9 

100.4 

102.4 

96.0 

96.7 

99.8 

101.7 

97.9 

100.6 

92.4 

100.4 

102.5 

100.8 

102.3 

93.8 

100.6 

97.5 

96.4 

91.3 

98.9 

95.2 

94.9 

97.3 

97.2 

98.3 

100.3 

103.1 

99.5 

101.6 

102.0 

96.3 

96.7 

99.4 

101.3 

99.1 

101.9 

93.4 

100.9 

101.5 

100.1 

101.9 

94.7 

99.4 

98.2 

97.3 

92.8 

98.1 

94.7 

95.6 

96.9 

97.5 

98.4 

100.4 

102.5 

99.9 

101.5 

102.0 

96.6 

97.0 

98.7 

101.0 

98.2 

101.5 

93.7 

102.8 

99.8 

96.3 

100.9 

95.3 

99.1 

97.8 

96.7 

93.7 

97.5 

94.4 

95.4 

97.1 

97.6 

98.8 

100.2 

102.0 

99.7 

101.3 

101.5 

97.7 

96.9 

98.8 

100.5 

98.1 

100.2 

93.5 

105.5 

98.7 

102.6 

99.4 

94.4 

99.5 

98.6 

95.9 

94.4 

97.0 

93.9 

96.5 

96.3 

96.9 

99.4 

99.6 

102.8 

100.3 

101.1 

101.2 

96.3 

95.7 

100.2 

100.3 

97.0 

99.8 

95.1 

103.8 

99.2 

104.3 

97.4 

94.6 

100.7 

98.7 

94.1 

94.8 

96.8 

94.0 

94.7 

97.0 

97.4 

98.4 

100.5 

103.0 

100.4 

101.6 

101.4 

95.2 

95.9 

100.3 

101.1 

96.5 

100.0 

93.3 

103.5 

99.3 

104.5 

96.4 

95.9 

100.4 

100.0 

93.2 

95.3 

94.6 

93.2 

97.1 

96.1 

97.6 

98.6 

101.1 

102.5 

100.2 

102.1 

100.9 

94.7 

96.9 

100.5 

101.1 

94.9 

99.0 

93.5 

102.2 

100.4 

104.2 

94.4 

97.6 

101.0 

99.1 

92.2 

95.9 

94.9 

92.7 

97.4 

96.6 

97.2 

98.6 

101.6 

101.9 

100.8 

102.2 

100.3 

94.9 

97.5 

101.1 

101.0 

92.0 

96.9 

97.1 

102.2 

101.1 

103.8 

94.4 

97.7 

100.4 

99.3 

91.1 

95.8 

98.9 

91.4 

97.2 

96.3 

97.3 

99.2 

102.1 

101.0 

101.1 

102.0 

100.4 

95.9 

98.6 

101.1 

99.8 

91.1 

101.7 

93.8 

97.2 

104.3 

101.3 

104.0 

93.5 

99.3 

99.0 

98.5 

90.0 

98.0 

96.9 

92.9 

97.3 

96.8 

97.4 

100.2 

102.9 

99.8 

100.9 

102.1 

98.3 

96.5 

99.2 

101.9 

101.3 

92.6 

100.1 

102.5 

100.2 

102.6 

93.8 

100.1 

98.4 

97.0 

91.3 

98.7 

95.0 

95.1 

97.4 

97.1 

98.4 

100.1 

103.0 

99.4 

101.2 

102.1 

96.3 

96.8 

99.3 

101.3 

98.4 

100.5 

94.1 

104.0 

99.2 

101.1 

99.2 

94.8 

99.8 

98.4 

95.6 

94.3 

97.1 

94.1 

95.5 

96.8 

97.3 

98.9 

100.1 

102.6 

100.1 

101.3 

101.4 

96.4 

96.2 

99.8 

100.6 

97.2 

98.6 

94.6 

102.6 

100.3 

104.2 

95.1 

97.1 

100.6 

99.5 

92.2 

95.7 

96.1 

92.4 

97.2 

96.3 

97.4 

98.8 

101.6 

101.8 

100.7 

102.1 

100.5 

95.2 

97.7 

100.9 

100.6 

92.7 

100.5 

93.8 

101.0 

101.6 

101.7 

100.2 

94.8 

99.9 

98.8 

95.8 

92.8 

97.5 

94.6 

95.2 

97.0 

97.2 

98.4 

100.5 

102.6 

100.0 

101.4 

101.5 

96.5 

96.8 

99.8 

101.1 

96.8 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982...: 

1947 

1948 

1949 

1950 

1951 

1952 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

90.0 

97.9 

95.9 

97.6 

98.5 

96.3 

94.2 

100.3 

90.7 

94.6 

97.9 

94.4 

96.6 

92.9 

98.5 

98.1 

95.2 

92.5 

97.6 

97.5 

93.6 

96.1 

97.1 

99.3 

100.5 

102.2 

97.5 

102.8 

107.9 

105.1 

105.0 

110.3 

112.7 

107.1 

98.4 

106.7 

110.5 

113.6 

114.1 

113.3 

110.7 

104.2 

89.7 

98.1 

96.6 

97.2 

98.4 

96.4 

94.1 

99.0 

90.3 

95.6 

96.5 

95.7 

96.8 

92.6 

99.9 

98.1 

95.3 

91.3 

98.2 

97.2 

94.0 

97.2 

97.3 

99.9 

100.2 

101.8 

97.2 

104.0 

108.5 

105.1 

104.9 

110.3 

113.0 

107.6 

97.9 

106.5 

111.2 

114.8 

114.6 

111.8 

109.3 

104.2 

90.1 

97.6 

98.0 

98.3 

98.0 

94.5 

94.1 

98.2 

89.9 

96.3 

95.5 

95.5 

96.2 

92.1 

99.6 

97.9 

95.4 

91.8 

99.8 

95.8 

94.2 

96.7 

97.6 

99.3 

100.4 

102.2 

97.9 

105.4 

107.5 

104.1 

106.4 

110.8 

112.6 

108.0 

97.8 

106.6 

111.9 

115.0 

116.9 

109.5 

109.8 

104.0 

91.7 

96.1 

97.3 

99.0 

94.6 

90.3 

94.9 

91.4 

96.5 

97.1 

98.0 

97.3 

88.3 

94.2 

92.5 

96.1 

97.2 

97.8 

96.7 

89.6 

94.5 

94.5 

96.1 

96.7 

97.4 

96.4 

91.7 

95.0 

94.5 

95.5 

96.2 

97.3 

96.0 

92.2 

93.6 

914. Composite index of capital investment commitments 

99.6 

89.6 

97.2 

94.6 

94.7 

96.1 

92.8 

99.3 

98.3 

94.4 

92.2 

98.8 

96.7 

94.6 

97.3 

97.5 

99.3 

99.8 

101.1 

98.1 

103.2 

108.5 

104.1 

106.4 

111.2 

111.5 

107.6 

100.2 

106.5 

111.7 

115.6 

115.0 

107.1 

110.5 

104.9 

98.0 

89.8 

97.6 

96.2 

94.8 

95.6 

93.2 

99.2 

97.9 

94.6 

93.4 

98.9 

96.5 

94.7 

96.5 

98.5 

100.4 

100.1 

100.3 

99.0 

102.5 

107.5 

104.1 

107.6 

111.2 

111.8 

107.1 

101.4 

106.0 

112.5 

115.2 

115.1 

106.9 

109.3 

104.2 

[1967 = 100] 

98.2 

90.2 

97.9 

94.2 

95.6 

93.9 

93.9 

99.3 

97.4 

94.8 

94.4 

98.4 

95.7 

95.4 

96.3 

98.2 

99.8 

100.5 

99.3 

100.3 

103.0 

107.2 

103.4 

108.7 

110.8 

112.1 

106.5 

103.3 

107.6 

113.5 

116.1 

114.5 

108.7 

107.3 

102.9 

96.7 

89.5 

99.5 

93.7 

95.7 

94.7 

94.6 

99.1 

97.0 

94.1 

94.9 

98.3 

96.0 

95.7 

96.6 

98.0 

99.6 

100.7 

99.3 

100.4 

104.8 

106.7 

103.3 

108.4 

111.8 

111.3 

107.0 

104.6 

108.3 

112.4 

115.6 

114.4 

110.2 

107.1 

103.9 

95.1 

90.4 

99.2 

93.7 

96.0 

93.8 

94.7 

99.0 

96.4 

94.4 

96.2 

97.8 

95.5 

95.9 

96.8 

98.4 

99.8 

100.4 

98.2 

101.5 

105.4 

106.7 

103.2 

108.6 

111.7 

111.0 

105.2 

104.6 

107.5 

114.2 

114.9 

114.2 

110.8 

107.0 

103.0 

94.3 

95.0 

97.0 

98.5 

96.4 

92.9 

91.4 

93.9 

92.7 

97.0 

94.9 

98.1 

93.4 

95.5 

99.2 

96.0 

93.6 

96.8 

97.9 

95.3 

95.2 

97.1 

99.0 

100.3 

100.6 

97.5 

101.5 

105.9 

106.7 

103.7 

108.6 

113.4 

109.8 

103.3 

104.2 

109.3 

113.7 

115.4 

115.3 

111.8 

106.3 

103.5 

95.0 

95.1 

97.4 

98.7 

96.6 

93.6 

90.5 

94.3 

92.6 

96.1 

93.8 

96.5 

94.2 

96.7 

98.5 

96.2 

93.5 

96.8 

97.3 

95.0 

95.8 

96.9 

99.2 

100.3 

100.8 

97.0 

101.5 

107.9 

106.4 

103.8 

108.6 

113.4 

108.8 

101.1 

104.2 

109.6 

114.2 

117.0 

113.7 

111.1 

104.3 

104.6 

95.6 

96.1 

98.0 

98.8 

96.1 

94.2 

90.3 

92.8 

93.9 

96.1 

94.0 

96.1 

93.1 

97.2 

98.4 

96.3 

93.0 

97.8 

97.2 

94.1 

96.7 

97.3 

99.0 

100.2 

101.2 

96.0 

102.3 

106.3 

105.6 

104.6 

109.5 

113.0 

109.4 

99.7 

104.5 

110.7 

114.3 

116.2 

113.2 

111.2 

105.4 

105.3 

97.0 

96.9 

98.7 

99.1 

96.3 

94.5 

89.3 

93.0 

94.5 

97.9 

94.3 

96.6 

93.1 

97.2 

98.3 

95.8 

92.4 

96.8 

97.9 

94.1 

96.3 

97.4 

99.6 

100.2 

101.7 

96.2 

102.6 

107.3 

105.8 

105.9 

110.2 

113.6 

107.4 

100.8 

105.1 

110.4 

114.8 

115.0 

113.4 

111.4 

105.1 

106.9 

89.9 

97.9 

96.8 

97.7 

98.3 

95.7 

94.1 

99.2 

90.3 

95.5 

96.6 

95.2 

96.5 

92.5 

99.3 

98.0 

95.3 

91.9 

98.5 

96.8 

93.9 

96.7 

97.3 

99.5 

100.4 

102.1 

97.5 

104.1 

108.0 

104.8 

105.4 

110.5 

112.8 

107.6 

98.0 

106.6 

111.2 

114.5 

115.2 

111.5 

, 109.9 

1 104.1 

91.9 

96.2 

97.2 

98.3 

96.2 

89.4 

94.5 

98.6 

89.9 

97.6 

95.0 

95.0 

95.2 

93.3 

99.3 

97.9 

94.6 

93.3 

98.7 

96.3 

94.9 

96.7 

98.1 

99.8 

100.1 

100.2 

99.1 

102.9 

107.7 

103.9 

107.6 

111.1 

111.8 

107.1 

101.6 

106.7 

112.6 

115.6 

114.9 

107.6 

109.0 

104.0 

94.4 

95.5 

96.6 

97.7 

96.3 

92.3 

93.3 

Average for period 

95.2 

90.9 

98.6 

94.1 

96.6 

94.0 

94.9 

99.1 

96.5 

94.0 

96.0 

98.0 

95.6 

95.6 

96.8 

98.5 

99.9 

100.6 

98.3 

101.1 

105.4 

106.7 

103.4 

108.5 

112.3 

110.7 

105.2 

104.5 

108.4 

113.4 

115.3 

114.6 

110.9 

106.8 

103.5 

95.9 

96.0 

98.0 

98.9 

96.3 

94.1 

90.0 

93.4 

93.7 

96.7 

94.0 

96.4 

93.5 

97.0 

98.4 

96.1 

93.0 

97.1 

97.5 

94.4 

96.3 

97.2 

99.3 

100.2 

101.2 

96.4 

102.1 

107.2 

105.9 

104.8 

109.4 

113.3 

108.5 

100.5 

104.6 

110.2 

114.4 

116.1 

113.4 

111.2 

104.9 

105.6 

93.0 

96.4 

97.2 

98.1 

96.8 

92.9 

93.0 

96.6 

91.2 

97.1 

94.9 

95.8 

94.8 

94.4 

99.0 

97.1 

94.2 

94.6 

98.2 

95.8 

95.2 

96.8 

98.3 

99.9 

100.6 

99.3 

100.0 

104.9 

107.1 

. 104.2 

107.7 

111.8 

111.0 

105.1 

102.2 

108.0 

112.9 

115.4 

114.5 

110.3 

107.7 

104.3 

132 See footnotes at end of this part. 

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Year 

Jan. Feb. Mar. 

Monthly 

Apr. May June July Aug. Sept. Oct. Nov. Dec. 

Quarterly 

I Q IIQ III Q IV Q Annual 

915. Composite index of inventory investment and 

[1967=100] Average for period 

1947 

1948 91.9 

1949 89.0 

1950 92.9 

1951 103.0 

1952 93.5 

1953 96.3 

1954 89.9 

1955 97.1 

1956 97.5 

1957 94.8 

1958 91.9 

1959 98.1 

1960 96.4 

1961..". 93.3 

1962 98.8 

1963 97.7 

1964 99.3 

1965 102.1 

1966 103.1 

1967 100.5 

1968 101.9 

1969 103.9 

1970 100.5 

1971 99.5 

1972 101.8 

1973 107.6 

1974 109.4 

1975 92.9 

1976 101.2 

1977 102.5 

1978 104.8 

1979 107.9 

1980 100.8 

1981 100.5 

1982 96.7 

1947 

1948 66.1 

1949 69.1 

1950 68.1 

1951 71.6 

1952 74.0 

1953 73.1 

1954 68.6 

1955 79.1 

1956 81.2 

1957 79.5 

1958 74.7 

1959 83.8 

1960 84.4 

1961 80.5 

1962 88.5 

1963 89.6 

1964 94.6 

1965 99.1 

1966 103.0 

1967 98.8 

1968 100.3 

1969 99.5 

1970 89.5 

1971 91.2 

1972 96.1 

1973 100.2 

1974 91.4 

1975 83.2 

1976 97.0 

1977 97.0 

1978 96.2 

1979 98.4 

1980 94.5 

1981 98.2 

1982 94.5 

1947 

1948 64.3 

1949 60.8 

1950 63.9 

1951 62.4 

1952 63.8 

1953 65.5 

1954 63.4 

1955 68.5 

1956 69.4 

1957 68.1 

1958 65.7 

1959 72.4 

1960 70.9 

1961 73.6 

1962 79.6 

1963 84.8 

1964 87.9 

1965 92.8 

1966 97.5 

1967 95.9 

1968 102.7 

1969 105.9 

1970 100.8 

1971 104.6 

1972 113.8 

1973 126.2 

1974 118.6 

1975 110.4 

1976 118.7 

1977 128.7 

1978 132.5 

1979 131.9 

1980 121.9 

1981 122.2 

1982 123.3 

91.7 

88.4 

93.9 

102.9 

92.5 

96.6 

90.7 

97.6 

97.1 

94.4 

91.5 

99.5 

95.1 

93.6 

99.1 

98.4 

99.0 

102.4 

104.7 

100.6 

102.0 

103.8 

100.1 

100.6 

102.4 

109.0 

108.8 

92.2 

102.0 

104.0 

106.5 

108.2 

100.5 

100.5 

96.5 

91.5 

87.8 

94.2 

102.6 

92.7 

97.0 

91.0 

98.9 

97.0 

93.5 

91.4 

99.9 

93.9 

94.7 

98.6 

98.9 

99.5 

101.8 

105.6 

99.2 

101.3 

103.7 

99.1 

101.2 

103.0 

110.4 

107.7 

92.0 

103.1 

104.6 

107.0 

108.4 

100.6 

100.7 

96.6 

92.3 

87.1 

94.9 

100.0 

93.0 

96.4 

91.4 

99.1 

97.1 

93.4 

91.4 

100.2 

93.2 

96.2 

96.7 

99.6 

100.2 

102.0 

105.1 

98.7 

100.7 

103.9 

99.3 

101.7 

102.7 

110.6 

106.6 

93.6 

104.2 

104.6 

107.2 

107.8 

99.2 

101.8 

96.4 

92.1 

86.6 

96.8 

97.8 

92.5 

95.4 

92.0 

98.8 

95.9 

93.8 

92.2 

99.5 

93.4 

97.1 

96.1 

99.3 

100.5 

101.8 

104.2 

98.3 

100.9 

103.4 

101.0 

101.0 

102.9 

110.5 

105.6 

94.9 

104.3 

104.2 

107.2 

107.5 

97.2 

102.5 

97.1 

93.2 

86.4 

97.5 

96.5 

94.9 

95.0 

92.6 

98.8 

95.5 

93.9 

93.3 

98.8 

93.8 

97.4 

95.6 

98.5 

99.9 

101.4 

103.5 

98.8 

100.9 

103.0 

101.2 

99.7 

103.3 

109.7 

104.4 

95.7 

104.5 

103.7 

107.2 

106.2 

95.9 

102.6 

97.6 

93.7 

88.1 

102.1 

95.1 

95.7 

94.4 

92.5 

99.8 

96.6 

94.1 

94.9 

98.1 

94.3 

96.9 

96.3 

97.7 

100.5 

101.3 

103.3 

99.5 

100.8 

102.7 

99.5 

99.3 

103.5 

109.1 

103.5 

96 7 

104.4 

103.1 

105.8 

104.6 

96.9 

102.6 

97.8 

93.4 

91.1 

105.0 

93.4 

95.3 

92.7 

92.8 

100.0 

96.6 

93.8 

96.1 

97.6 

94.7 

97.4 

96.8 

97.9 

100.8 

101.3 

103.0 

100.6 

99.8 

102.7 

99.0 

99.5 

104.0 

108.9 

102.6 

98.0 

104.1 

103.6 

106.4 

103.7 

98.7 

102.1 

98.1 

92.4 

93.1 

104.4 

93.2 

95.5 

90.7 

93.9 

99.7 

96.4 

93.6 

97.4 

98.2 

94.9 

97.7 

97.4 

98.2 

102.4 

100.9 

102.0 

100.6 

100.7 

103.0 

99.1 

100.2 

104.6 

109.0 

100.2 

100.1 

103.3 

104.7 

106.4 

102.4 

101.0 

101.2 

98.3 

91.4 

93.3 

103.9 

94.4 

95.0 

89.6 

95.0 

99.3 

96.3 

93.2 

97.6 

98.0 

94.5 

97.8 

97.7 

98.4 

102.0 

100.7 

101.6 

100.7 

102.1 

103.1 

97.9 

100.9 

105.8 

109.3 

98.4 

101.0 

101.8 

105.0 

107.1 

101.5 

102.2 

99.8 

98.0 

90.6 

93.2 

101.7 

93.8 

94.9 

89.3 

95.9 

98.9 

96.1 

91.9 

98.2 

97.2 

94.2 

97.8 

97.7 

98.5 

102.2 

101.5 

101.2 

100.9 

103.6 

102.3 

97.6 

101.0 

106.2 

109.7 

96.5 

100.4 

101.9 

104.1 

107.5 

100.9 

102.1 

98.7 

97.0 

89.2 

92.0 

100.5 

93.7 

95.2 

89.6 

96.6 

98.2 

95.4 

91.1 

97.6 

97.3 

93.9 

98.2 

97.3 

98.5 

102.1 

102.5 

101.0 

101.6 

103.3 

101.9 

98.4 

101.1 

106.9 

109.4 

94.1 

99.4 

102.2 

104.5 

107.8 

100.7 

101.7 

97.8 

96.4 

91.7 

88.4 

93.7 

102.8 

92.9 

96.6 

90.5 

97.9 

97.2 

94.2 

91.6 

99.2 

95.1 

93.9 

98.8 

98.3 

99.3 

102.1 

104.5 

100.1 

101.7 

103.8 

99.9 

100.4 

102.4 

109.0 

108.6 

92.4 

102.1 

103.7 

106.1 

108.2 

100.6 

100.6 

96.6 

92.5 

86.7 

96.4 

98.1 

93.5 

95.6 

92.0 

98.9 

96.2 

93.7 

92.3 

99.5 

93.5 

96.9 

96.1 

99.1 

100.2 

101.7 

104.3 

98.6 

100.8 

103.4 

100.5 

100.8 

103.0 

110.3 

105.5 

94.7 

104.3 

104.2 

107.2 

107.2 

97.4 

102.3 

97.0 

93.2 

90.8 

103.8 

93.9 

95.5 

92.6 

93.1 

99.8 

96.5 

93.8 

96.1 

98.0 

94.6 

97.3 

96.8 

97.9 

101.2 

101.2 

102.8 

100.2 

100.4 

102.8 

99.2 

99.7 

104.0 

109.0 

102.1 

98.3 

103.9 

103.8 

106.2 

103.6 

98.9 

102.0 

98.1 

90.4 

92.8 

102.0 

94.0 

95.0 

89.5 

95.8 

98.8 

95.9 

92.1 

97.8 

97.5 

94.2 

97.9 

97.6 

98.5 

102.1 

101.6 

101.3 

101.1 

103.0 

102.4 

98.0 

101.0 

106.3 

109.5 

96.3 

100.3 

102.0 

104.5 

107.5 

101.0 

102.0 

98.8 

97.1 

92.0 

89.7 

99.0 

97.2 

94.2 

93.6 

92.9 

98.8 

96.5 

93.5 

94.5 

98.5 

94.4 

96.5 

97.3 

98.5 

100.7 

101.6 

103.2 

100.0 

101.5 

103.1 

99.4 

100.5 

103.9 

109.4 

103.2 

96.4 

103.1 

104.0 

106.7 

105.0 

99.7 

100.9 

97.2 

916. Composite index of profitably 

[1967=100] Average for period 

66.6 

68.3 

68.6 

70.3 

73.3 

72.8 

69.5 

80.4 

80.5 

79.2 

73.9 

84.2 

84.1 

80.8 

89.3 

89.6 

95.5 

100.4 

102.9 

98.8 

99.0 

99.0 

88.0 

93.0 

96.4 

99.7 

89.9 

85.3 

97.9 

97.2 

95.4 

97.4 

95.1 

98.8 

93.2 

67.2 

68.2 

69.1 

70.7 

72.9 

72.5 

70.0 

80.6 

81.0 

79.1 

74.4 

85.3 

83.0 

82.1 

88.9 

90.0 

95.7 

100.5 

101.7 

99.1 

99.0 

98.1 

88.9 

93.3 

96.8 

98.5 

89.9 

87.3 

97.5 

98.1 

96.3 

97.3 

93.2 

99.0 

92.6 

68.5 

68.0 

69.8 

71.3 

72.4 

71.6 

70.8 

79.2 

74.7 

86.2 

82.4 

83.4 

88.1 

91.2 

95.9 

100.7 

101.6 

99.4 

100.4 

97.9 

89.1 

93.8 

97.0 

97.3 

88.7 

97.9 

97.2 

92.5 

98.7 

93.1 

69.5 

67.7 

70.5 

71.6 

72.0 

71.3 

71.5 

81.5 

80.0 

79.5 

75.4 

87.1 

81.4 

84.5 

86.7 

91.9 

96.0 

101.0 

100.2 

99.7 

101.0 

97.8 

88.0 

93.5 

96.9 

96.0 

87.7 

91.0 

96.5 

99.6 

99.6 

96.4 

92.7 

98.1 

93.0 

69.5 

67.7 

71.5 

72.2 

72.0 

70.6 

72.0 

82.2 

79.8 

79.7 

76.1 

85.9 

81.8 

84.7 

85.4 

92.1 

96.0 

100.4 

99.8 

99.6 

101.3 

96.5 

87.7 

93.7 

97.1 

95.2 

86.3 

92.7 

96.4 

100.4 

99.6 

96.3 

93.5 

98.4 

92.4 

68.8 

68.8 

71.4 

73.2 

72.0 

70.5 

72.8 

83.0 

80.4 

80.0 

76.9 

85.3 

81.4 

85.0 

86.1 

92.0 

96.7 

100.6 

99.4 

100.1 

101.2 

95.4 

87.4 

94.1 

97.2 

94.9 

83.7 

94.0 

96.6 

101.2 

99.5 

96.1 

94.1 

98.2 

92.6 

68.1 

69.8 

72.8 

74.4 

71.8 

70.3 

73.4 

82.9 

80.2 

79.3 

77.8 

84.1 

81.5 

85.8 

86.8 

92.5 

96.6 

101.0 

98.1 

100.5 

100.7 

94.9 

87.6 

94.3 

97.8 

94.2 

81.0 

94.1 

96.2 

101.5 

100.5 

96.4 

94.5 

98.5 

92.8 

68.7 

68.9 

73.2 

74.6 

72.0 

68.7 

74.4 

83.3 

79.6 

78.3 

79.0 

83.6 

80.7 

86.1 

87.3 

92.7 

96.5 

101.8 

98.0 

101.0 

100.8 

94.0 

87.9 

94.9 

98.0 

94.6 

80.1 

94.1 

96.3 

100.3 

100.6 

95.7 

95.0 

96.9 

94.3 

69.7 

68.1 

73.7 

74.5 

72.2 

67.9 

75.3 

82.4 

79.3 

77.0 

80.5 

83.6 

79.9 

86.6 

87.4 

92.6 

96.5 

102.5 

98.2 

101.2 

100.8 

93.2 

87.7 

94.8 

98.5 

95.4 

80.7 

94.9 

95.6 

98.9 

100.1 

94.4 

95.5 

96.9 

95.4 

69.7 

67.2 

73.7 

74.1 

73.0 

67.0 

76.4 

83.0 

79.0 

76.2 

81.8 

83.7 

79.9 

87.6 

88.9 

92.4 

96.3 

102.9 

99.3 

100.9 

100.6 

92.4 

87.2 

94.3 

99.6 

94.5 

81.6 

95.2 

95.2 

98.0 

99.2 

93.4 

96.2 

97.1 

96.0 

69.3 

67.7 

72.3 

74.0 

73.3 

67.8 

77.9 

82.3 

79.4 

75.3 

82.7 

84.3 

80.0 

88.4 

89.3 

93.4 

97.4 

102.8 

98.8 

100.9 

100.4 

90.6 

89.4 

95.4 

100.0 

92.3 

81.5 

95.4 

96.4 

97.4 

98.6 

94.0 

97.1 

96.2 

97.0 

66.6 

68.5 

68.6 

70.9 

73.4 

72.8 

69.4 

80.0 

80.9 

79.3 

74.3 

84.4 

83.8 

81.1 

88.9 

89.7 

95.3 

100.0 

102.5 

98.9 

99.4 

98.9 

88.8 

92.5 

96.4 

99.5 

90.4 

85.3 

97.5 

97.4 

96.0 

97.7 

94.3 

98.7 

93.4 

69.2 

67.8 

70.6 

71.7 

72.1 

71.2 

71.4 

81.7 

80.2 

79.5 

75.4 

86.4 

81.9 

84.2 

86.7 

91.7 

96.0 

100.7 

100.5 

99.6 

100.9 

97.4 

88.3 

93.7 

97.0 

96.2 

87.6 

.90.8 

96.7 

99.6 

99.0 

96.6 

92.9 

98.4 

92.8 

68.5 

69.2 

72.5 

74.1 

71.9 

69.8 

73.5 

83.1 

80.1 

79.2 

77.9 

84.3 

81.2 

85.6 

86.7 

92.4 

96.6 

101.1 

98.5 

100.5 

100.9 

94.8 

87.6 

94.4 

97.7 

94.6 

81.6 

94.1 

96.4 

101.0 

100.2 

96.1 

94.5 

97.9 

93.2 

69.6 

67.7 

73.2 

74.2 

72.8 

67.6 

76.5 

82.6 

79.2 

76.2 

81.7 

83.9 

79.9 

87.5 

88.5 

92.8 

96.7 

102.7 

98.8 

101.0 

100.6 

92.1 

88.1 

94.8 

99.4 

94.1 

81.3 

95.2 

95.7 

98.1 

99.3 

93.9 

96.3 

96.7 

96.1 

68.5 

68.3 

71.2 

72.7 

72.6 

70.3 

72.7 

81.8 

80.1 

78.5 

77.3 

84.8 

81.7 

84.6 

87.7 

91.7 

96.1 

101.1 

100.1 

100.0 

100.5 

95.8 

88.2 

93.9 

97.6 

96.1 

85.2 

91.3 

96.6 

99.0 

98.6 

96.1 

94.5 

97.9 

93.9 

917. Composite index of money and financial flows 

[1967=100] Average for period 

62.3 

60.8 

64.0 

61.4 

63.8 

65.4 

64.0 

68.7 

69.1 

68.1 

66.3 

72.3 

71.6 

74.5 

80.0 

85.3 

88.4 

93.3 

97.1 

97.0 

102.8 

105.0 

99.6 

106.6 

115.8 

126.6 

119.1 

110.8 

120.6 

129.2 

131.9 

129.9 

122.5 

122.1 

122.1 

62.9 

60.9 

63.9 

60.7 

64.0 

66.3 

64.0 

68.9 

69.6 

68.8 

66.8 

72.3 

71.8 

75.5 

80.8 

85.4 

88.1 

93.9 

97.0 

98.5 

102.9 

104.0 

98.8 

108.3 

117.7 

124.8 

119.4 

111.8 

120.8 

129.7 

132.9 

129.5 

122.4 

122.2 

122.2 

62.3 

61.0 

64.8 

60.7 

63.1 

66.5 

63.9 

68.7 

68.8 

68.7 

67.2 

72.0 

71.9 

75.7 

81.7 

85.8 

88.5 

94.0 

96.8 

98.7 

103.2 

104.0 

98.8 

109.1 

118.3 

123.7 

120.8 

113.1 

122.0 

130.1 

132.8 

131.4 

120.2 

123.5 

123.0 

62.7 

62.0 

65.2 

60.8 

63.5 

66.7 

64.1 

69.7 

68.0 

68.2 

67.3 

72.7 

71.7 

76.2 

81.8 

86.0 

89.1 

94.2 

96.5 

99.1 

102.8 

103.1 

100.0 

110.1 

117.5 

123.3 

118.6 

114.1 

124.0 

131.0 

133.6 

131.6 

118.6 

123.2 

122.4 

61.5 

61.6 

65.9 

61.0 

64.0 

65.5 

64.4 

70.4 

67.6 

67.8 

68.2 

73.6 

72.0 

76.7 

81.9 

85.9 

89.6 

94.0 

96.1 

99.6 

103.0 

102.0 

100.7 

109.4 

117.6 

123.4 

116.9 

115.8 

123.7 

131.2 

133.1 

132.1 

119.2 

123.1 

122.2 

61.8 

61.9 

66.6 

61.4 

63.8 

65.6 

65.3 

70.9 

67.3 

67.6 

68.6 

74.1 

72.5 

76.9 

81.5 

86.2 

90.6 

94.8 

95.1 

100.2 

103.7 

100.6 

100.7 

109.9 

118.1 

123.5 

117.1 

117.5 

123.0 

130.9 

131.7 

131.6 

120.2 

123.3 

122.5 

61.5 

62.0 

65.2 

62.2 

63.9 

65.5 

64.3 

70.8 

67.3 

67.4 

69.0 

74.4 

73.4 

77.2 

81.6 

86.6 

91.0 

96.0 

94.2 

101.3 

104.5 

100.0 

102.0 

111.7 

120.2 

122.5 

115.4 

117.8 

123.8 

132.2 

131.1 

130.3 

122.7 

123.8 

124.5 

61.3 

62.2 

65.0 

62.4 

65.1 

64.6 

66.1 

70.4 

67.8 

67.5 

69.8 

73.4 

74.1 

77.3 

81.7 

87.5 

91.7 

96.5 

94.3 

102.0 

105.4 

100.2 

103.0 

112.2 

121.2 

120.8 

114.4 

117.5 

124.4 

132.1 

130.8 

129.3 

123.4 

122.9 

124.2 

60.7 

62.9 

63.1 

62.6 

65.5 

63.9 

66.9 

69.8 

67.6 

66.8 

70.5 

72.2 

73.9 

77.6 

82.3 

88.2 

91.8 

96.4 

94.5 

102.4 

105.8 

100.6 

102.6 

111.1 

123.1 

120.3 

112.4 

117.5 

125.4 

132.5 

130.5 

126.7 

122.8 

121.7 

122.7 

60.4 

62.6 

62.6 

62.8 

65.8 

63.5 

67.7 

69.8 

68.1 

66.1 

71.3 

71.3 

73.8 

78.4 

82.9 

88.6 

92.3 

96.8 

95.0 

102.5 

106.1 

101.0 

102.8 

112.1 

123.6 

119.3 

112.1 

118.2 

126.3 

132.8 

130.9 

123.9 

122.6 

122.2 

122.5 

60.8 

63.0 

63.0 

63.5 

65.5 

62.9 

68.0 

69.5 

68.0 

66.2 

71.7 

70.7 

73.3 

79.2 

83.9 

88.2 

92.7 

97.0 

95.7 

102.8 

106.5 

101.2 

103.7 

112.7 

124.7 

118.4 

110.5 

119.0 

127.6 

132.9 

131.0 

122.2 

121.7 

122.2 

122.4 

63.2 

60.8 

63.9 

61.5 

63.9 

65.7 

63.8 

68.7 

69.4 

68.3 

66.3 

72.3 

71.4 

74.5 

80.1 

85.2 

88.1 

93.3 

97.2 

97.1 

102.8 

105.0 

99.7 

106.5 

115.8 

125.9 

119.0 

111.0 

120.0 

129.2 

132.4 

130.4 

122.3 

122.2 

122.5 

62.2 

61.5 

65.3 

60.8 

63.5 

66.2 

64.1 

69.6 

68.1 

68.2 

67.6 

72.8 

71.9 

76.2 

81.8 

85.9 

89.1 

94.1 

96.5 

99.1 

103.0 

103.0 

99.8 

109.5 

117.8 

123.5 

118.8 

114.3 

123.2 

130.8 

133.2 

131.7 

119.3 

123.3 

122.5 

61.5 

62.0 

65.6 

62.0 

64.3 

65.2 

65.2 

70.7 

67.5 

67.5 

69.1 

74.0 

73.3 

77.1 

81.6 

86.8 

91.1 

95.8 

94.5 

101.2 

104.5 

100.3 

101.9 

111.3 

119.8 

122.3 

115.6 

117.6 

123.7 

131.7 

131.2 

130.4 

122.1 

123.3 

123.7 

60.6 

62.8 

62.9 

63.0 

65.6 

63.4 

67.5 

69.7 

67.9 

66.4 

71.2 

71.4 

73.7 

78.4 

83.0 

88.3 

92.3 

96.7 

95.1 

102.6 

106.1 

100.9 

103.0 

112.0 

123.8 

119.3 

111.7 

118.2 

126.4 

132.7 

130.8 

124.3 

122.4 

122.0 

122.5 

61.9 

61.8 

64.4 

61.8 

64.3 

65.2 

65.2 

69.7 

68.2 

67.6 

68.5 

72.6 

72.6 

76.6 

81.6 

86.5 

90.1 

95.0 

95.8 

100.0 

104.1 

102.3 

101.1 

109.8 

119.3 

122.7 

116.3 

115.3 

123.4 

131.1 

131.9 

129.2 

121.5 

122.7 

122.8 

See footnotes at end of this part. 133 

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Year 

1947 

1948 

1949 

1950 

1951 

1952 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

1947 

1948 

1949 

1950 

1951 

1952 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

1947 

1948 

1949 

1950 

1951 

1952 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

Jan. 

50.0 

49.5 

47.9 

57.6 

57.9 

63.8 

60.0 

61.9 

68.3 

69.6 

64.3 

67.0 

71.9 

67.0 

72.0 

74.5 

78.6 

85.4 

93.6 

99.4 

102.8 

109.1 

110.8 

108.6 

114.0 

125.5 

128.7 

116.2 

121.4 

128.3 

137.1 

149.3 

150.7 

146.8 

138.4 

-23.2 

19.3 

11.0 

4.2 

7.8 

-14.7 

14.6 

1.8 

-5.0 

-18.4 

22.0 

18.3 

-3.5 

-6.4 

1.6 

4.7 

4.3 

8.0 

10.2 

-5.7 

2.2 

-12.1 

11.7 

21.0 

10.1 

-9.7 

-20.2 

20.8 

4.8 

-8.4 

-3.2 

5.7 

5.9 

-19.3 

-14.8 

8.9 

12.0 

7.1 

9.9 

-11.7 

13.2 

2.4 

3.5 

-19.9 

9.4 

20.8 

-7.4 

3.9 

2.2 

9.0 

11.5 

9.9 

2.1 

6.0 

5.3 

-3.9 

10.6 

12.8 

12.9 

-8.0 

-22.7 

14.2 

7.8 

3.2 

2.7 

-.8 

5.3 

-8.4 

Feb. 

49.9 

49.1 

47.6 

57.4 

58.8 

64.3 

60.0 

62.3 

68.2 

70.0 

63.0 

67.7 

71.6 

66.8 

72.7 

75.1 

79.4 

86.0 

94.3 

98.8 

103.5 

109.9 

110.8 

108.5 

114.4 

127.0 

128.0 

114.6 

122.9 

129.2 

138.3 

149.4 

149.6 

147.2 

139.9 

-2.4 

-9.3 

-7.3 

-4.1 

20.3 

9.8 

0 

8.0 

-1.7 

7.1 

-21.7 

13.3 

-4.9 

-3.5 

12.3 

10.1 

12.9 

8.8 

9.4 

-7.0 

8.5 

9.2 

0 

-1.1 

4.3 

15.3 

-6.3 

-15.3 

15.9 

8.8 

11.0 

.8 

-8.4 

3.3 

13.8 

-15.6 

17.1 

3.5 

7.1 

9.8 

-8.9 

15.9 

0 

0 

-18.7 

18.8 

.6 

.6 

4.5 

5.5 

6.3 

8.2 

10.7 

1.2 

2.7 

6.0 

-4.2 

4.5 

12.7 

9.6 

-6.0 

-17.0 

14.4 

10.1 

5.6 

4.1 

-5.0 

3.0 

-4.7 

Mar. 

50.4 

48.5 

49.1 

57.6 

58.7 

64.9 

59.4 

63.5 

68.2 

69.9 

62.1 

68.8 

71.0 

67.3 

73.2 

75.4 

79.5 

86.8 

95.4 

98.9 

104.0 

110.5 

110.8 

108.8 

115.6 

127.4 

127.8 

113.0 

123.6 

130.9 

140.0 

151.2 

148.1 

147.2 

139.2 

920c. Chant* 

12.7 

-13.7 

45.1 

4.3 

-2.0 

11.8 

-11.4 

25.7 

0 

-1.7 

-15.9 

21.3 

-9.6 

9.4 

8.6 

4.9 

1.5 

11.8 

14.9 

1.2 

6.0 

6.8 

0 

3.4 

13.3 

3.8 

-1.9 

-15.5 

7.1 

17.0 

15.8 

15.5 

-11.4 

0 

-5.8 

Apr. May 

lln.illiln 

Monthly 

June July Aug. 

920. ComposHe We i of four roughty coincident kidkators 

50.0 

48.1 

50.3 

57.9 

58.5 

64.9 

59.1 

64.3 

68.8 

69.3 

61.0 

69.8 

71.3 

67.5 

73.7 

76.0 

80.4 

87.3 

95.5 

99.1 

104.4 

110.8 

110.5 

109.1 

116.6 

127.2 

127.6 

113.3 

124.3 

131.6 

143.0 

149.1 

145.1 

147.1 

138.0 

50.3 

47.5 

51.4 

57.8 

58.8 

65.0 

58.9 

65.2 

68.4 

68.9 

61.2 

70.6 

70.9 

68.3 

73.7 

76.3 

81.0 

87.9 

96.0 

99.0 

105.2 

110.8 

110.1 

109.6 

117.2 

127.5 

128.2 

114.1 

124.6 

132.5 

143.1 

150.6 

142.4 

146.9 

138.8 

[1967=100] 

51.2 

47.2 

52.7 

57.9 

58.4 

64.7 

58.9 

65.6 

68.4 

69.1 

62.1 

70.8 

70.4 

69.3 

73.6 

76.6 

81.2 

88.5 

97.1 

99.2 

106.0 

111.4 

109.7 

109.8 

116.9 

127.8 

128.3 

114.9 

124.8 

133.6 

144.2 

150.6 

141.1 

147.5 

137.3 

51.3 

46.6 

54.7 

57.3 

57.3 

64.9 

58.7 

66.2 

65.9 

69.1 

63.1 

70.2 

70.0 

69.4 

74.0 

76.8 

81.9 

89.4 

97.3 

99.5 

106.6 

112.1 

109.8 

109.6 

117.8 

128.7 

128.2 

115.6 

125.3 

134.3 

145.0 

151.0 

140.8 

147.6 

136.4 

n composne noex or row rougny cowcwerw racators 

-9.1 

-9.5 

33.6 

6.4 

-4.0 

0 

-5.9 

16.2 

11.1 

-9.8 

-19.3 

18.9 

5.2 

3.6 

8.5 

10.0 

14.5 

7.1 

1.3 

2.5 

4.7 

3.3 

-3.2 

3.4 

10.9 

-1.9 

-1.9 

3.2 

7.0 

6.6 

29.0 

-15.5 

-21.8 

-.8 

-9.9 

[Annual rate, percent] 

7.4 

-14.0 

29.6 

-2.1 

6.3 

1.9 

-4.0 

18.2 

-6.8 

-6.7 

4.0 

14.7 

-6.5 

15.2 

0 

4.8 

9.3 

8.6 

6.5 

-1.2 

9.6 

0 

-4.3 

5.6 

6.4 

2.9 

5.8 

8.8 

2.9 

8.5 

.8 

12.8 

-20.2 

-1.6 

7.2 

23.7 

-7.3 

34.9 

2.1 

-7.9 

-5.4 

0 

7.6 

0 

3.5 

19.1 

3.5 

-8.1 

19.1 

-1.6 

4.8 

3.0 

8.5 

14.7 

2.5 

9.5 

6.7 

-4.3 

2.2 

-3.0 

2.9 

.9 

8.7 

1.9 

10.4 

9.6 

0 

-10.4 

5.0 

-12.2 

2.4 

-14.2 

56.4 

-11.8 

-20.4 

3.8 

-4.0 

11.5 

-36.0 

0 

21.1 

-9.7 

-6.6 

1.7 

6.7 

3.2 

10.8 

12.9 

2.5 

3.7 

7.0 

7.8 

1.1 

-2.2 

9.6 

8.8 

-.9 

7.6 

4.9 

6.5 

6.9 

3.2 

-2.5 

.8 

-7.6 

920c. Change in composite index of four roughly coincident indicators 

0 

-10.8 

21.6 

2.1 

4.2 

7.1 

-5.9 

16.4 

3.0 

-1.7 

-19.0 

17.8 

-3.3 

3.0 

9.8 

8.3 

9.5 

9.2 

8.4 

-1.2 

6.4 

6.4 

-1.1 

1.9 

9.4 

5.5 

-3.4 

-9.6 

9.9 

10.7 

18.4 

-.5 

-14.1 

.8 

-1.2 

3.2 

-12.4 

36.0 

2.8 

0 

4.4 

-7.1 

20.0 

1.2 

-6.1 

-10.9 

18.3 

-3.9 

9.3 

5.6 

6.5 

8.3 

9.1 

7.4 

.8 

6.7 

3.3 

-2.5 

4.1 

10.2 

1.6 

.6 

-1.7 

5.6 

10.6 

14.6 

3.3 

-17.9 

-.8 

-3.1 

[Annual rate, percent 

6.5 

-10.3 

32.7 

2.1 

-2.0 

-1.2 

-3.3 

13.9 

1.2 

-4.5 

0 

12.1 

-3.3 

12.4 

2.2 

6.5 

8.8 

8.1 

7.3 

1.2 

7.9 

3.3 

-3.9 

3.7 

4.6 

1.3 

1.6 

6.9 

3.9 

8.5 

12.6 

-1.6 

-17.6 

.8 

-5.3 

10.8 

-11.9 

39.9 

-4.1 

-8.0 

0 

-2.7 

12.4 

-15.8 

-1.1 

14.5 

2.3 

-7.1 

11.7 

1.6 

4.3 

7.7 

10.0 

7.8 

1.6 

8.7 

4.8 

-2.5 

1.8 

4.2 

4.8 

1.9 

8.4 

3.3 

8.5 

5.7 

5.2 

-11.3 

1.4 

-4.6 

9.0 

-3.3 

46.0 

-1.4 

7.7 

-5.4 

-1.4 

6.3 

-1.2 

1.2 

16.6 

-13.4 

-6.6 

11.0 

2.7 

3.2 

7.6 

8.0 

6.8 

5.4 

6.2 

6.3 

-2.9 

-1.1 

7.4 

.9 

-2.8 

11.7 

2.9 

6.5 

8.1 

0 

-3.3 

1.1 

-10.2 

51.4 

47.1 

56.5 

57.6 

59.9 

64.1 

58.7 

66.2 

68.2 

69.1 

63.6 

68.1 

69.7 

70.1 

74.2 

76.9 

82.5 

89.6 

97.6 

100.3 

106.8 

112.5 

109.3 

109.3 

119.3 

127.8 

127.3 

117.3 

125.5 

134.6 

145.9 

150.6 

141.2 

147.3 

135.1 

Sept. 

51.3 

47.8 

55.8 

57.3 

61.6 

63.4 

59.0 

66.7 

68.9 

68.4 

64.2 

67.9 

69.3 

70.2 

74.2 

77.4 

83.1 

90.2 

97.7 

100.4 

107.1 

112.6 

109.0 

110.1 

119.9 

128.7 

126.5 

118.1 

125.6 

135.8 

146.1 

150.4 

142.7 

146.5 

134.5 

over 1-month spare> 

2.4 

13.7 

47.5 

6.5 

70.3 

-13.8 

0 

0 

50.9 

0 

9.9 

-30.5 

-5.0 

12.8 

3.3 

1.6 

9.2 

2.7 

3.8 

10.1 

2.3 

4.4 

-5.3 

-3.2 

16.4 

-8.1 

-8.1 

19.1 

1.9 

2.7 

7.7 

-3.1 

3.5 

-2.4 

-10.9 

-2.3 

19.4 

-13.9 

-6.1 

39.9 

-12.3 

6.3 

9.4 

13.0 

-11.5 

11.9 

-3.5 

-6.7 

1.7 

0 

8.1 

9.1 

8.3 

1.2 

1.2 

3.4 

1.1 

-3.2 

9.1 

6.2 

8.8 

-7.3 

8.5 

1.0 

11.2 

1.7 

-1.6 

13.5 

-6.3 

-5.2 

over 3-month spam4 

0.8 

5.2 

25.7 

-4.1 

23.8 

-7.8 

.7 

6.9 

3.0 

-4.0 

14.2 

-15.4 

-6.1 

5.3 

3.3 

4.2 

9.7 

7.9 

2.5 

4.9 

4.2 

4.4 

-2.5 

1.1 

10.7 

2.8 

-5.5 

11.6 

2.6 

6.8 

5.4 

-.5 

4.6 

-2.7 

-7.9 

0.8 

-7.5 

9.9 

2.1 

41.5 

-10.6 

4.9 

7.5 

24.4 

-7.9 

9.9 

-14.0 

-5.0 

9.5 

2.2 

6.4 

1.0 

8.3 

4.2 

3.3 

4.2 

2.9 

-10.8 

2.2 

14.3 

3.1 

-9.0 

10.4 

0 

7.0 

6.8 

-1.8 

10.0 

-8.1 

-10.4 

Oct. 

51.4 

45.7 

56.0 

57.6 

62.5 

63.1 

59.4 

67.4 

69.6 

67.7 

64.6 

67.6 

69.1 

71.0 

74.4 

78.0 

82.1 

91.2 

98.3 

100.3 

107.7 

112.9 

106.7 

110.2 

121.8 

129.7 

125.2 

118.5 

125.3 

136.6 

147.4 

150.3 

144.2 

144.5 

132.7 

2.4 

-41.7 

4.4 

6.5 

19.0 

-5.5 

8.4 

13.3 

12.9 

-11.6 

7.7 

-5.2 

-3.4 

14.6 

3.3 

9.7 

-13.5 

14.1 

7.6 

-1.2 

6.9 

3.2 

-22.6 

1.1 

20.8 

9.7 

-11.7 

4.1 

-2.8 

7.3 

11.2 

-.8 

13.4 

-15.2 

-14.9 

-2.3 

-4.2 

-4.9 

1.4 

20.8 

-13.0 

12.1 

10.0 

7.2 

-13.7 

17.4 

1.2 

-8.9 

11.3 

2.7 

4.2 

5.9 

11.6 

2.9 

7.0 

6.5 

-2.1 

-12.2 

6.4 

13.7 

9.4 

-15.1 

5.6 

4.2 

8.0 

7.0 

-1.8 

12.1 

-11.2 

-7.2 

Nov. 

51.1 

46.6 

55.8 

57.8 

62.8 

61.9 

60.4 

67.8 

69.4 

66.6 

66.2 

68.3 

68.1 

72.0 

74.7 

77.7 

83.7 

92.1 

98.3 

102.0 

108.5 

111.9 

105.8 

111.0 

123.2 

130.7 

122.2 

118.9 

126.8 

137.2 

148.4 

149.9 

145.3 

143.0 

132.6 

-6.8 

26.4 

-4.2 

4.2 

5.9 

-20.6 

22.2 

7.4 

-3.4 

-17.8 

34.1 

13.2 

-16.0 

18.3 

4.9 

-4.5 

26.1 

12.5 

0 

22.3 

9.3 

-10.1 

-9.7 

9.1 

14.7 

9.7 

-25.3 

4.1 

15.4 

5.4 

8.5 

-3.1 

9.5 

-11.8 

-.9 

-5.3 

-4.9 

9.6 

2.8 

12.2 

-15.4 

15.8 

9.3 

5.9 

-16.4 

11.0 

18.9 

-11.6 

13.1 

1.1 

4.7 

10.0 

13.0 

3.7 

12.1 

6.9 

-2.1 

-5.0 

7.9 

16.3 

3.5 

-23.3 

4.8 

7.2 

6.9 

10.2 

-1.1 

9.9 

-14.4 

-5.5 

Dec. 

50.6 

47.2 

57.1 

57.7 

63.4 

60.8 

61.2 

68.2 

69.9 

65.4 

65.9 

70.9 

67.2 

72.4 

74.4 

78.3 

85.1 

93.0 

98.6 

103.3 

108.9 

112.0 

107.6 

112.2 

124.5 

129.8 

118.4 

119.5 

127.8 

138.1 

149.7 

150.0 

146.1 

140.9 

132.6 

-11.1 

16.6 

31.8 

-2.1 

12.1 

-19.4 

17.1 

7.3 

9.0 

-19.6 

-5.3 

56.6 

-14.8 

6.9 

-4.7 

9.7 

22.0 

12.4 

3.7 

16.4 

4.5 

1.1 

22.4 

13.8 

13.4 

-8.0 

-31.6 

6.2 

9.9 

8.2 

11.0 

.8 

6.8 

-16.3 

0 

-14.0 

20.7 

11.9 

2.1 

8.6 

-18.3 

17.9 

5.4 

0 

-18.6 

15.7 

28.0 

-11.6 

5.8 

.5 

3.1 

17.1 

10.9 

4.6 

10.3 

5.3 

-7.2 

7.3 

14.5 

12.7 

-3.0 

-25.8 

10.2 

9.9 

1.5 

5.3 

1.1 

7.4 

-15.8 

4.9 

10 

50.1 

49.0 

I 48.2 

57.5 

58.5 

64.3 

59.8 

62.6 

68.2 

69.8 

63.1 

67.8 

71.5 

67.0 

72.6 

75.0 

79.2 

86.1 

94.4 

99.0 

103.4 

109.8 

110.8 

108.6 

114.7 

126.6 

128.2 

114.6 

122.6 

129.5 

138.5 

150.0 

149.5 

147.1 

139.2 

-15.4 

19.0 

3.7 

7.5 

9.8 

-8.7 

16.1 

0 

.1 

-18.7 

18.9 

1.3 

.8 

4.8 

5.5 

6.4 

8.3 

10.8 

1.5 

2.9 

6.1 

-4.0 

4.7 

12.9 

9.7 

-6.0 

-17.0 

14.6 

10.2 

6.1 

4.4 

-4.7 

3.1 

-3.8 

-13.7 

15.9 

5.9 

6.1 

8.9 

-8.8 

15.2 

1.8 

.6 

-19.2 

15.3 

6.0 

-1.3 

6.1 

5.3 

8.3 

9.6 

9.7 

.7 

5.0 

5.9 

-3.1 

5.7 

11.6 

9.3 

-5.8 

-16.4 

12.8 

9.5 

9.1 

2.1 

-6.6 

3.0 

-4.8 

Quarterly 

119 

50.5 

47.6 

51.5 

57.9 

58.6 

64.9 

59.0 

65.0 

68.5 

69.1 

61.4 

70.4 

70.9 

68.4 

73.7 

76.3 

80.9 

87.9 

96.2 

99.1 

105.2 

111.0 

110.1 

109.5 

116.9 

127.5 

128.0 

114.1 

124.6 

132.6 

143.4 

150.1 

142.9 

147.2 

138.0 

7.3 

-10.3 

32.7 

2.1 

-1.9 

-1.2 

-3.3 

14.0 

1.4 

-4.3 

1.3 

12.4 

-3.1 

12.6 

2.3 

6.5 

8.9 

8.1 

7.5 

1.3 

7.9 

3.3 

-3.9 

3.7 

4.8 

1.3 

1.6 

6.9 

3.9 

8.5 

13.1 

-.9 

-17.5 

.9 

-5.0 

6.8 

-11.5 

36.2 

.3 

-3.3 

1.1 

-4.4 

15.4 

-4.5 

-3.9 

1.2 

10.9 

-4.8 

11.1 

3.1 

5.8 

8.3 

9.1 

7.5 

1.2 

7.8 

3.8 

-3.0 

3.2 

6.3 

2.6 

1.4 

4.5 

4.3 

9.2 

11.0 

2.3 

-15.6 

.5 

-4.3 

1110 IV Q 

Average for period 

51.3 

47.2 

55.7 

57.4 

59.6 

64.1 

58.8 

66.4 

67.7 

68.9 

63.6 

68.7 

69.7 

69.9 

74.1 

77.0 

82.5 

89.7 

97.5 

100.1 

106.8 

112.4 

109.4 

109.7 

119.0 

128.4 

127.3 

117.0 

125.5 

134.9 

145.7 

150.7 

141.6 

147.1 

135.3 

51.0 

46.5 

56.3 

57.7 

62.9 

61.9 

60.3 

67.8 

69.6 

66.6 

65.6 

68.9 

68.1 

71.8 

74.5 

78.0 

83.6 

92.1 

98.4 

101.9 

108.4 

112.3 

106.7 

111.1 

123.2 

130.1 

121.9 

119.0 

126.6 

137.3 

148.5 

150.1 

145.2 

142.8 

132.6 

Average for period 

0.8 

6.3 

30.0 

-3.8 

29.9 

-7.4 

.8 

7.0 

9.3 

-3.8 

14.3 

-14.6 

-6.1 

5.4 

3.3 

4.3 

9.7 

8.0 

2.5 

5.0 

4.2 

4.4 

-2.5 

1.2 

10.7 

3.2 

-5.4 

11.7 

2.6 

6.8 

5.4 

-.5 

4.8 

-2.6 

-7.9 

-5.2 

.4 

10.7 

2.9 

12.3 

-15.2 

15.9 

9.3 

6.2 

-16.3 

12.2 

21.5 

-11.4 

13.3 

1.2 

5.0 

11.5 

13.0 

3.8 

12.5 

6.9 

-1.9 

-3.3 

8.0 

16.3 

3.8 

-22.9 

4.8 

7.5 

7.0 

10.2 

-1.0 

9.9 

-14.4 

-5.3 

Average for period 

3.5 

-1.9 

27.2 

-1.1 

24.3 

-7.9 

1.4 

6.9 

8.7 

-3.6 

13.6 

-14.3 

-5.9 

8.6 

2.7 

4.6 

6.1 

8.1 

4.5 

4.5 

4.9 

4.5 

-5.4 

.7 

10.8 

2.3 

-5.8 

11.2 

1.8 

6.8 

6.8 

-.8 

3.8 

-3.2 

-9.5 

-7.2 

3.9 

5.5 

2.1 

13.9 

-15.6 

15.3 

8.2 

4.4 

-16.2 

14.7 

16.0 

-10.7 

10.1 

1.4 

4.0 

11.0 

11.8 

3.7 

9.8 

6.2 

-3.8 

-3.3 

9.6 

14.2 

3.3 

-21.4 

6.9 

7.1 

5.5 

7.5 

-.6 

9.8 

-13.8 

-2.6 

Annual 

50.7 

47.6 

52.9 

57.6 

59.9 

63.8 

59.5 

65.4 

68.5 

68.6 

63.4 

69.0 

70.0 

69.3 

73.7 

76.6 

81.5 

89.0 

96.6 

100.0 

106.0 

111.4 

109.2 

109.7 

118.4 

128.2 

126.4 

116.2 

124.8 

133.6 

144.0 

150.2 

144.8 

146.0 

136.3 

-4.7 

23.1 

1.2 

12.0 

-3.5 

1.2 

11.6 

4.2 

-6.1 

2.3 

9.6 

-4.8 

8.0 

2.9 

5.3 

9.1 

9.3 

6.1 

5.1 

5.5 

3.0 

-3.4 

4.4 

11.2 

4.5 

-8.2 

1.6 

7.2 

8.1 

8.7 

.5 

-1.9 

-3.3 

-5.5 

-5.8 

21.2 

1.8 

10.2 

-3.4 

.9 

11.4 

2.6 

-5.8 

2.6 

7.0 

-3.8 

7.1 

3.3 

4.9 

8.4 

9.6 

6.4 

4.1 

6.0 

2.6 

-3.7 

4.8 

10.8 

4.4 

-7.9 

1.6 

6.5 

7.7 

8.6 

.8 

-2.2 

-3.4 

-5.3 

134 

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Year 

Monthly 

Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. _L2_ 

Quarterly 

IIQ IHO IV Q Annual 

930. Composite index of six lagging indicators 

[1967=100] Average for period 

1947 

1948 36.4 

1949 40.0 

1950 39.3 

1951 42.8 

1952 50.2 

1953 53.3 

1954 57.9 

1955 52.6 

1956 60.0 

1957 67.0 

1958 71.8 

1959 64.1 

1960 74.9 

1961 76.7 

1962 73.8 

1963 77.9 

1964 81.9 

1965 87.0 

1966 92.4 

1967 99.3 

1968 99.8 

1969 104.9 

1970 114.8 

1971 109.1 

1972 104.4 

1973 106.2 

1974 114.6 

1975 121.0 

1976 104.3 

1977 103.8 

1978 111.4 

1979 119.2 

1980 126.2 

1981 121.7 

1982 126.1 

1947 

1948 

1949 12.8 

1950 -3.0 

1951 25.4 

1952 21.3 

1953 7.0 

1954 -11.6 

1955 -6.6 

1956 12.8 

1957 11.4 

1958 -20.7 

1959 -10.6 

1960 -4.7 

1961 -7.5 

1962 14.0 

1963 -1.5 

1964 -7.0 

1965 13.3 

1966 1.3 

1967 0 

1968 2.4 

1969 7.1 

1970 37.4 

1971 -18.7 

1972 -15.7 

1973 17.3 

1974 1.1 

1975 -1.0 

1976 -3.4 

1977 1.2 

1978 24.3 

1979 12.9 

1980 1.0 

1981 -12.0 

1982 17.7 

1947 

1948 

1949 4.1 

1950 -2.0 

1951 11.8 

1952 17.6 

1953 12.0 

1954 -6.7 

1955 -2.2 

1956 5.5 

1957 0 

1958 -17.0 

1959 1.3 

1960 -1.0 

1961 1.1 

1962 5.1 

1963 3.1 

1964 4.0 

1965 9.7 

1966 6.2 

1967 2.4 

1968 3.3 

1969 9.6 

1970 13.2 

1971 -13.4 

1972 -6.6 

1973 8.6 

1974 2.8 

1975 -2.3 

1976 -3.4 

1977 1.9 

1978 9.9 

1979 9.2 

1980 2.6 

1981 2.0 

1982 2.6 

36.8 

40.2 

39.0 

43.7 

50.3 

53.8 

57.3 

52.7 

60.2 

66.6 

69.3 

64.0 

76.2 

76.6 

73.5 

78.1 

82.9 

87.7 

93.3 

99.6 

100.4 

105.6 

114.8 

108.8 

104.2 

107.3 

114.4 

119.0 

103.8 

104.3 

111.6 

119.7 

127.1 

120.7 

125.3 

37.0 

40.0 

38.6 

44.5 

50.8 

54.1 

56.3 

53.0 

61.2 

67.0 

69.2 

64.3 

77.0 

75.8 

73.9 

78.3 

83.4 

88.2 

93.6 

100.3 

100.3 

105.9 

115.1 

108.3 

104.4 

107.6 

113.6 

118.6 

103.3 

104.2 

112.3 

118.8 

130.2 

119.0 

125.1 

37.1 

40.0 

38.8 

45.1 

50.6 

55.2 

55.3 

52.6 

62.5 

67.8 

67.8 

64.3 

77.3 

75.0 

74.5 

78.3 

83.8 

88.9 

94.6 

100.2 

101.1 

107.0 

113.7 

107.2 

104.7 

109.4 

115.6 

115.2 

102.8 

104.7 

111.6 

121.7 

132.3 

119.0 

125.9 

37.2 

40.2 

38.9 

45.6 

51.3 

56.5 

54.9 

53.2 

63.9 

68.1 

64.6 

66.1 

78.6 

74.5 

74.8 

78.5 

83.5 

89.8 

95.6 

100.2 

101.5 

108.0 

113.6 

107.3 

105.1 

109.6 

116.7 

112.8 

103.4 

105.2 

112.8 

121.0 

129.6 

122.2 

125.1 

37.4 

39.7 

38.8 

46.5 

52.2 

56.8 

54.3 

53.9 

64.4 

68.1 

63.3 

68.3 

79.4 

73.7 

75.6 

79.0 

84.3 

89.9 

96.4 

100.4 

101.8 

109.2 

114.0 

105.2 

105.9 

110.7 

117.1 

108.6 

102.9 

106.3 

113.7 

122.3 

125.5 

122.4 

124.8 

38.0 

39.7 

38.5 

47.0 

52.3 

56.9 

54.1 

54.2 

66.1 

68.4 

62.6 

69.4 

79.2 

73.3 

75.9 

79.5 

83.8 

89.7 

97.0 

100.5 

101.5 

109.3 

113.5 

106.0 

105.4 

112.0 

117.1 

108.0 

103.2 

106.2 

114.3 

122.3 

121.8 

122.5 

124.3 

39.0 

39.2 

38.7 

47.1 

51.9 

57.3 

53.5 

56.5 

64.9 

71.0 

61.9 

71.4 

78.4 

73.1 

76.2 

80.0 

85.0 

90.7 

97.5 

99.8 

102.2 

109.9 

114.1 

107.0 

105.0 

112.0 

117.2 

106.9 

103.2 

107.2 

114.8 

123.0 

120.5 

123.3 

122.4 

39.3 

38.8 

40.1 

47.3 

51.9 

57.9 

53.2 

56.9 

65.9 

72.3 

63.5 

75.1 

75.8 

73.4 

76.6 

80.3 

85.9 

90.5 

97.5 

100.3 

102.5 

110.4 

113.6 

106.9 

104.9 

113.2 

118.6 

105.9 

103.9 

107.7 

115.4 

124.7 

119.4 

124.7 

121.4 

38.9 

39.7 

41.4 

47.8 

51.7 

58.1 

53.0 

58.2 

66.0 

71.8 

64.0 

76.3 

75.8 

73.1 

77.1 

80.7 

86.6 

91.2 

97.7 

100.1 

102.6 

111.1 

113.5 

106.4 

105.1 

113.3 

118.7 

106.0 

104.2 

108.3 

115.3 

125.8 

119.0 

125.0 

120.5 

39.8 

39.2 

42.5 

48.3 

52.3 

58.3 

53.0 

59.4 

66.6 

72.6 

63.8 

76.4 

76.4 

72.6 

77.5 

82.1 

85.7 

91.9 

99.0 

99.6 

103.2 

111.3 

112.8 

106.0 

105.1 

113.6 

119.7 

104.7 

103.8 

109.0 

117.1 

126.3 

120.1 

124.5 

118.3 

39.6 

39.4 

42.0 

49.4 

53.0 

58.5 

52.9 

59.4 

66.4 

73.2 

64.7 

75.2 

77.2 

73.0 

78.0 

82.4 

86.1 

92.3 

99.3 

99.6 

104.3 

111.8 

111.0 

105.9 

104.8 

114.5 

121.1 

104.6 

103.7 

109.4 

118.0 

126.1 

123.0 

124.4 

116.7 

36.7 

40.1 

39.0 

43.7 

50.4 

53.7 

57.2 

52.8 

60.5 

66.9 

70.1 

64.1 

76.0 

76.4 

73.7 

78.1 

82.7 

87.6 

93.1 

99.7 

100.2 

105.5 

114.9 

108.7 

104.3 

107.0 

114.2 

119.5 

103.8 

104.1 

111.8 

119.2 

127.8 

120.5 

125.5 

37.2 

40.0 

38.8 

45.7 

51.4 

56.2 

54.8 

53.2 

63.6 

68.0 

65.2 

66.2 

78.4 

74.4 

75.0 

78.6 

83.9 

89.5 

95.5 

100.3 

101.5 

108.1 

113.8 

106.6 

105.2 

109.9 

116.5 

112.2 

103.0 

105.4 

112.7 

121.7 

129.1 

121.2 

125.3 

38.8 

39.2 

39.1 

47.1 

52.0 

57.4 

53.6 

55.9 

65.6 

70.6 

62.7 

72.0 

77.8 

73.3 

76.2 

79.9 

84.9 

90.3 

97.3 

100.2 

102.1 

109.9 

113.7 

106.6 

105.1 

112.4 

117.6 

106.9 

103.4 

107.0 

114.8 

123.3 

120.6 

123.5 

122.7 

39.4 

39.4 

42.0 

48.5 

52.3 

58.3 

53.0 

59.0 

66.3 

72.5 

64.2 

76.0 

76.5 

72.9 

77.5 

81.7 

86.1 

91.8 

98.7 

99.8 

103.4 

111.4 

112.4 

106.1 

105.0 

113.8 

119.8 

105.1 

103.9 

108.9 

116.8 

126.1 

120.7 

124.6 

118.5 

38.0 

39.7 

39.7 

46.3 

51.5 

56.4 

54.6 

55.2 

64.0 

69.5 

65.5 

69.6 

77.2 

74.2 

75.6 

79.6 

84.4 

89.8 

96.2 

100.0 

101.8 

108.7 

113.7 

107.0 

104.9 

110.8 

117.0 

110.9 

103.5 

106.4 

114.0 

122.6 

124.6 

122.4 

123.0 

930c. Change in composite index of six lagging indicators over 1-month spans4 

[Annual rate, percent] Average for period 

14.0 

6.2 

-8.8 

28.4 

2.4 

11.9 

-11.8 

2.3 

4.1 

-6.9 

-34.6 

-1.9 

22.9 

-1.6 

-4.8 

3.1 

15.7 

10.1 

12.3 

3.7 

7.5 

8.3 

0 

-3.3 

-2.3 

13.2 

-2.1 

-18.1 

-5.6 

5.9 

2.2 

5.2 

8.9 

-9.4 

-7.4 

6.7 

-5.8 

-11.6 

24.3 

12.6 

6.9 

-19.0 

7.0 

21.9 

7.5 

-1.7 

5.8 

13.4 

-11.8 

6.7 

3.1 

7.5 

7.1 

3.9 

8.8 

-1.2 

3.5 

3.2 

-5.4 

2.3 

3.4 

-8.1 

-4.0 

-5.6 

-1.1 

7.8 

-8.7 

33.5 

-15.7 

-1.9 

3.3 

0 

6.4 

17.4 

-4.6 

27.3 

-19.4 

-8.7 

28.7 

15.3 

-21.8 

0 

4.8 

-12.0 

10.2 

0 

5.9 

10.0 

13.6 

-1.2 

10.0 

13.2 

-13.7 

-11.5 

3.5 

22.0 

23.3 

-29.5 

-5.7 

5.9 

-7.2 

33.6 

21.2 

0 

7.9 

3.3 

6.2 

3.1 

14.1 

17.9 

32.2 

-8.3 

14.6 

30.5 

5.4 

-44.0 

39.3 

22.2 

-7.7 

4.9 

3.1 

-4.2 

12.8 

13.4 

0 

4.9 

11.8 

-1.1 

1.1 

4.7 

2.2 

12.0 

-22.3 

7.2 

5.9 

13.7 

-6.7 

-21.9 

37.5 

-7.4 

6.6 

-13.9 

-3.0 

26.4 

23.2 

6.6 

-12.4 

17.0 

9.8 

0 

-21.6 

48.1 

12.9 

-12.2 

13.6 

7.9 

12.1 

1.3 

10.5 

2.4 

3.6 

14.2 

4.3 

-21.1 

9.5 

12.7 

4.2 

-36.6 

-5.7 

13.3 

10.0 

13.7 

-32.0 

2.0 

-2.8 

21.0 

0 

-8.9 

13.7 

2.3 

2.1 

-4.3 

6.9 

36.7 

5.4 

-12.5 

21.1 

-3.0 

-6.3 

4.9 

7.9 

-6.9 

-2.6 

7.7 

1.2 

-3.5 

1.1 

-5.1 

9.5 

-5.5 

15.0 

0 

-6.4 

3.6 

-1.1 

6.5 

0 

-30.2 

1.0 

-4.7 

36.6 

-14.1 

6.4 

2.6 

-12.5 

64.7 

-19.7 

56.5 

-12.6 

40.6 

-11.5 

-3.2 

4.8 

7.8 

18.6 

14.2 

6.4 

-8.0 

8.6 

6.8 

6.5 

11.9 

-4.5 

0 

1.0 

-11.6 

0 

11.9 

5.4 

7.1 

-12.1 

8.1 

-16.9 

9.6 

-11.6 

53.2 

5.2 

0 

13.3 

-6.5 

8.8 

20.1 

24.3 

35.8 

83.4 

-33.3 

5.0 

6.5 

4.6 

13.5 

-2.6 

0 

6.2 

3.6 

5.6 

-5.1 

-1.1 

-1.1 

13.6 

15.3 

-10.7 

8.5 

5.7 

6.5 

17.9 

-10.4 

14.5 

-9.4 

-11.6 

31.7 

46.6 

13.4 

-4.5 

4.2 

-4.4 

31.1 

1.8 

-8.0 

9.9 

21.0 

0 

-4.8 

8.1 

6.1 

10.2 

9.7 

2.5 

-2.4 

1.2 

7.9 

-1.1 

-5.5 

2.3 

1.1 

1.0 

1.1 

3.5 

6.9 

-1.0 

11.1 

-3.9 

2.9 

-8.5 

31.6 

-14.1 

37.0 

13.3 

14.9 

4.2 

0 

27.8 

11.5 

14.2 

-3.7 

1.6 

9.9 

-7.9 

6.4 

22.9 

-11.8 

9.6 

17.2 

-5.8 

7.2 

2.2 

-7.2 

-4.4 

0 

3.2 

10.6 

-13.8 

-4.5 

8.0 

20.4 

4.9 

11.7 

-4.7 

-19.8 

-5.9 

6.3 

-13.2 

31.0 

17.3 

4.2 

-2.2 

0 

-3.5 

10.4 

18.3 

-17.3 

13.3 

6.8 

8.0 

4.5 

5.7 

5.3 

3.7 

0 

13.6 

5.5 

-17.6 

-1.1 

-3.4 

9.9 

15.0 

-1.1 

-1.1 

4.5 

9.6 

-1.9 

33.2 

-1.0 

-15.1 

4.4 

-7.8 

26.0 

12.1 

8.6 

-14.1 

.9 

12.9 

4.0 

-19.0 

-2.2 

10.5 

-7.0 

5.3 

1.6 

5.4 

10.2 

5.8 

4.2 

2.9 

6.3 

13.5 

-9.1 

-5.2 

11.3 

-3.0 

-7.7 

-4.9 

2.0 

11.4 

3.1 

14.5 

-12.4 

2.8 

4.4 

-2.6 

2.2 

19.3 

12.2 

22.0 

-13.4 

7.6 

23.0 

6.9 

-29.1 

29.1 

13.3 

-10.6 

9.6 

3.7 

4.6 

8.0 

12.5 

.4 

6.2 

13.1 

-3.5 

-10.5 

5.9 

12.3 

13.2 

-29.5 

-1.4 

8.4 

5.5 

13.5 

-10.9 

13.2 

22.4 

-8.6 

16.9 

7.2 

-2.2 

8.1 

-7.8 

26.8 

12.4 

28.7 

3.6 

48.4 

-15.9 

-1.5 

5.4 

6.8 

8.4 

3.0 

4.7 

-.2 

2.9 

4.5 

-1.2 

6.8 

-3.7 

9.5 

5.4 

-9.6 

4.0 

5.5 

6.1 

8.3 

-17.6 

7.9 

-10.3 

4.7 

8.0 

23.5 

19.2 

9.2 

4.2 

-2.2 

19.6 

3.3 

5.5 

8.2 

1.8 

7.7 

-2.0 

7.5 

11.2 

1.4 

8.2 

7.8 

-2.7 

7.3 

5.2 

-8.6 

-3.7 

-.4 

4.7 

8.9 

-4.6 

-.7 

6.5 

9.7 

4.7 

13.7 

-.9 

-14.5 

0.3 

8.7 

17.9 

7.8 

10.7 

-9.4 

13.7 

12.9 

11.3 

-9.1 

19.3 

3.9 

-5.3 

6.9 

5.8 

4.9 

7.4 

7.7 

.4 

4.8 

7.3 

0 

-4.1 

-.8 

9.5 

6.1 

-12.8 

-.7 

5.6 

8.2 

7.4 

-.1 

1.9 

-5.7 

930c. Change h composite index of six lagpng indicators 

[Annual rate, percent] 

over 3-month spans4 

Average for period 

4.1 

-7.9 

26.0 

11.8 

8.6 

-14.2 

.8 

12.7 

3.7 

-20.1 

-2.5 

9.9 

-7.1 

5.0 

1.5 

4.9 

10.1 

5.8 

4.1 

2.8 

6.3 

12.3 

-9.4 

-5.5 

11.1 

-3.1 

-8.0 

-4.9 

1.9 

11.0 

2.7 

13.7 

-12.4 

2.6 

7.9 

0 

-5.0 

23.3 

3.2 

15.0 

-16.8 

0 

17.7 

4.9 

-20.5 

1.3 

13.4 

-8.6 

3.8 

2.1 

9.6 

9.0 

9.9 

3.7 

5.3 

8.3 

-3.8 

-6.8 

1.2 

12.6 

3.5 

-17.8 

-5.6 

3.5 

.7 

8.7 

20.8 

-8.6 

-.6 

4.4 

0 

-1.0 

18.6 

8.2 

21.6 

-15.7 

3.8 

26.9 

9.3 

-24.5 

13.8 

13.2 

-10.5 

7.3 

2.1 

2.9 

9.9 

10.2 

2.4 

4.5 

9.4 

-4.1 

-5.4 

3.5 

8.9 

8.3 

-19.3 

-1.5 

3.5 

4.4 

4.4 

8.1 

5.1 

-.6 

4.4 

-3.0 

2.1 

19.2 

11.5 

21.5 

-13.5 

7.0 

22.6 

6.7 

-30.0 

27.3 

13.1 

-10.6 

9.5 

3.6 

4.4 

7.9 

12.5 

.4 

6.1 

13.1 

-3.8 

-11.0 

5.9 

12.0 

12.9 

-29.7 

-1.5 

8.3 

5.1 

12.3 

-13.7 

11.9 

-1.0 

10.1 

-3.0 

-3.1 

17.9 

14.1 

12.9 

-8.4 

12.7 

25.1 

3.6 

-27.3 

35.7 

10.2 

-8.8 

7.7 

6.3 

0 

3.6 

10.5 

1.2 

1.6 

8.9 

-.7 

-4.4 

2.7 

9.9 

5.3 

-22.8 

1.6 

5.9 

10.0 

2.0 

-28.2 

12.3 

-5.0 

20.8 

-9.6 

-2.0 

13.8 

4.8 

5.8 

-9.8 

27.2 

6.4 

18.2 

-15.7 

36.1 

-1.0 

-7.3 

7.7 

7.9 

7.4 

4.1 

8.2 

-1.6 

2.8 

7.2 

1.8 

-1.1 

-.4 

9.1 

1.7 

-19.3 

-.8 

7.8 

7.3 

6.8 

-25.3 

3.6 

-8.4 

14.1 

7.1 

-2.3 

8.0 

-7.9 

24.2 

9.6 

27.0 

1.3 

46.2 

-16.9 

-1.6 

5.4 

6.7 

7.8 

2.7 

4.6 

-.4 

2.8 

4.5 

-1.4 

6.6 

-3.7 

9.3 

5.2 

-9.6 

3.9 

5.4 

6.1 

8.1 

-18.1 

7.7 

-10.5 

9.8 

0 

33.7 

7.0 

-4.5 

8.7 

-7.9 

33.0 

-.6 

21.4 

9.3 

46.1 

-16.1 

-1.1 

6.5 

6.2 

14.1 

6.9 

2.9 

-1.6 

4.4 

6.8 

0 

1.5 

-1.1 

4.7 

5.6 

-7.2 

3.9 

8.1 

3.5 

11.9 

-8.9 

8.4 

-11.7 

8.5 

0 

45.4 

10.6 

3.1 

7.2 

-3.7 

22.2 

10.9 

9.3 

12.9 

31.1 

-9.8 

-2.7 

7.0 

10.9 

3.3 

5.4 

6.3 

-.8 

4.0 

5.2 

-4.5 

-3.7 

.4 

5.8 

8.8 

-8.0 

2.3 

6.9 

8.3 

11.2 

-1.3 

4.0 

-12.7 

3.1 

6.3 

20.3 

19.0 

8.8 

4.2 

-2.2 

18.8 

3.1 

5.1 

7.8 

.5 

7.6 

-2.2 

7.5 

10.9 

.9 

8.2 

7.6 

-2.8 

7.2 

5.2 

-8.8 

-3.7 

-.4 

4.7 

8.7 

-4.8 

-.8 

6.5 

9.3 

4.6 

12.6 

-1.0 

-14.6 

11.8 

-4.0 

14.2 

21.6 

13.0 

-1.4 

-3.0 

13.0 

6.2 

0 

.6 

-7.1 

4.8 

3.9 

4.2 

6.1 

1.9 

5.4 

6.7 

-1.2 

9.3 

14.0 

-14.6 

-7.3 

4.3 

4.7 

8.0 

-6.3 

-1.5 

12.0 

14.2 

1.3 

9.4 

3.6 

-15.0 

2.7 

-5.0 

20.4 

10.9 

11.9 

-12.6 

-.5 

12.0 

2.9 

-19.2 

0 

7.4 

-4.9 

4.6 

2.2 

6.2 

9.6 

7.3 

3.4 

3.8 

8.1 

7.2 

-9.9 

-3.6 

10.8 

1.1 

-9.4 

-4.6 

2.4 

7.2 

6.9 

12.4 

-6.3 

1.5 

6.3 

-2.0 

-.7 

18.6 

11.3 

18.7 

-12.5 

7.8 

24.9 

6.5 

-27.3 

25.6 

12.2 

-10.0 

8.2 

4.0 

2.4 

7.1 

11.1 

1.3 

4.1 

10.5 

-2.9 

-6.9 

4.0 

10.3 

-23.9 

-.5 

5.9 

6.5 

6.2 

-11.3 

9.8 

-2.2 

17.5 

-6.1 

15.3 

9.3 

-.7 

7.5 

-8.5 

28.1 

5.1 

22.2 

-1.7 

42.8 

-11.3 

-3.3 

6.5 

6.9 

9.8 

4.6 

5.2 

-1.2 

3.3 

6.2 

.1 

2.3 

-1.7 

7.7 

4.2 

-12.0 

2.3 

7.1 

5.6 

8.9 

-17.4 

6.6 

-10.2 

7.8 

.8 

26.6 

17.1 

8.3 

3.3 

-3.0 

18.0 

6.7 

4.8 

7.1 

8.2 

.9 

-.3 

6.2 

9.3 

2.0 

6.3 

6.9 

-1.6 

6.8 

8.1 

-9.3 

-4.9 

1.4 

5.1 

8.5 

-6.4 

0 

8.5 

10.6 

5.7 

6.9 

2.2 

-14.1 

-1.2 

9.1 

16.3 

7.4 

10.3 

-9.1 

13.4 

12.2 

9.1 

-10.3 

19.2 

2.3 

-4.6 

6.4 

5.6 

5.1 

6.9 

7.6 

.5 

4.5 

8.2 

-1.2 

-4.8 

0 

8.4 

5.6 

-12.9 

-.7 

6.0 

7.5 

6.9 

-2.4 

3.0 

-6.2 

See footnotes at end of this part. 

Digitized 

135 

for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Year 

Feb. Mar. Apr. May 

Monthly 

June July Aug. Sept. Oct. Nov. Dec. iS_ 

Quarterly 

HO HI 0 IV Q 

Annual 

940. Ratio, coincident composite index to lagging 

[1967=100] Average for period 

1947 

1948 137.4 

1949 123.8 

1950 121.9 

1951 134.6 

1952 115.3 

1953 119.7 

1954 103.6 

1955 117.7 

1956 113.8 

1957 103.9 

1958 89.6 

1959 104.5 

1960 96.0 

1961 87.4 

1962 97.6 

1963 95.6 

1964 96.0 

1965 98.2 

1966 101.3 

1967 100.1 

1968 103.0 

1969 104.0 

1970 96.5 

1971 99.5 

1972 109.2 

1973 118.2 

1974 112.3 

1975 96.0 

1976 116.4 

1977 123.6 

1978 123.1 

1979 125.3 

1980 119.4 

1981 120.6 

1982 109.8 

1947 

1948 

1949IZZ "m 

1950 83.3 

1951 50.0 

1952 58.3 

1953 50.0 

1954 58.3 

1955 72.7 

1956 45.8 

1957 16.7 

1958 58.3 

1959 75.0 

1960 29.2 

1961 62.5 

1962 41.7 

1963 62.5 

1964 66.7 

1965 83.3 

1966 79.2 

1967 62.5 

1968 45.8 

1969 75.0 

1970 13.6 

1971 66.7 

1972 79.2 

1973 75.0 

1974 41.7 

1975 25.0 

1976 83.3 

1977 58.3 

1978 25.0 

1979 66.7 

1980 58.3 

1981 8.3 

1982 45.8 

1947 

1948 

1949.... 25.0 

1950 95.8 

1951 41.7 

1952 58.3 

1953 54.2 

1954 58.3 

1955 91.7 

1956 58.3 

1957 12.5 

1958 33.3 

1959 91.7 

1960 29.2 

1961 54.2 

1962 66.7 

1963 75.0 

1964 83.3 

1965 62.5 

1966 83.3 

1967 33.3 

1968 70.8 

1969 75.0 

1970 8.3 

1971 100.0 

1972 100.0 

1973 75.0 

1974 16.7 

1975 33.3 

1976 83.3 

1977 91.7 

1978 83.3 

1979 33.3 

1980 8.3 

1981 75.0 

1982 41.7 

135.6 

122.1 

122.1 

131.4 

116.9 

119.5 

104.7 

118.2 

113.3 

105.1 

90.9 

105.8 

94.0 

87.2 

98.9 

96.2 

95.8 

98.1 

101.1 

99.2 

103.1 

104.1 

96.5 

99.7 

109.8 

118.4 

111.9 

96.3 

118.4 

123.9 

123.9 

124.8 

117.7 

122.0 

111.7 

136.2 

121.3 

127.2 

129.4 

115.6 

120.0 

105.5 

119.8 

111.4 

104.3 

89.7 

107.0 

92.2 

88.8 

99.1 

96.3 

95.3 

98.4 

101.9 

98.6 

103.7 

104.3 

96.3 

100.5 

110.7 

118.4 

112.5 

95.3 

119.7 

125.6 

124.7 

127.3 

113.7 

123.7 

111.3 

134.8 

120.2 

129.6 

128.4 

115.6 

117.6 

106.9 

122.2 

110.1 

102.2 

90.0 

108.6 

92.2 

90.0 

98.9 

97.1 

95.9 

98.2 

101.0 

98.9 

103.3 

103.6 

97.2 

101.8 

111.4 

116.3 

110.4 

98.4 

120.9 

125.7 

128.1 

122.5 

109.7 

123.6 

109.6 

135.2 

118.2 

132.1 

126.8 

114.6 

115.0 

107.3 

122.6 

107.0 

101.2 

94.7 

106.8 

90.2 

91.7 

98.5 

97.2 

97.0 

97.9 

100.4 

98.8 

103.6 

102.6 

96.9 

102.1 

111.5 

116.3 

109.9 

101.2 

120.5 

126.0 

126.9 

124.5 

109.9 

120.2 

111.0 

136.9 

118.9 

135.8 

124.5 

111.9 

113.9 

108.5 

121.7 

106.2 

101.5 

98.1 

103.7 

88.7 

94.0 

97.4 

97.0 

96.3 

98.4 

100.7 

98.8 

104.1 

102.0 

96.2 

104.4 

1U.4 

115.4 

109.6 

105.8 

121.3 

125.7 

126.8 

123.1 

112.4 

120.5 

110.0 

135.0 

117.4 

142.1 

121.9 

109.6 

114.1 

108.5 

122.1 

99.7 

101.0 

100.8 

101.2 

88.4 

94.7 

97.5 

96.6 

97.7 

99.7 

100.3 

99.0 

105.0 

102.6 

96.7 

103.4 

111.8 

114.9 

109.5 

107.0 

121.4 

126.5 

126.9 

123.5 

115.6 

120.5 

109.7 

131.8 

120.2 

146.0 

122.3 

115.4 

111.9 

109.7 

117.2 

105.1 

97.3 

102.7 

95.4 

88.9 

95.9 

97.4 

96.1 

97.1 

98.8 

100.1 

100.5 

104.5 

102.4 

95.8 

102.1 

113.6 

114.1 

108.6 

109.7 

121.6 

125.6 

127.1 

122.4 

117.2 

119.5 

110.4 

130.5 

123.2 

139.2 

121.1 

118.7 

109.5 

110.9 

117.2 

104.6 

94.6 

101.1 

90.4 

91.4 

95.6 

96.9 

96.4 

96.7 

99.7 

100.2 

100.1 

104.5 

102.0 

96.0 

103.0 

114.3 

113.7 

106.7 

111.5 

120.9 

126.1 

126.6 

120.6 

119.5 

117.5 

110.8 

132.1 

115.1 

135.3 

120.5 

120.9 

108.6 

112.1 

115.8 

105.5 

94.3 

100.9 

88.6 

91.2 

97.1 

96.5 

96.7 

94.8 

100.0 

100.6 

100.2 

105.0 

101.6 

94.0 

103.6 

115.9 

114.5 

105.5 

111.8 

120.2 

126.1 

127.8 

119.5 

121.2 

115.6 

110.1 

128.4 

118.9 

131.3 

119.7 

120.1 

106.2 

114.0 

114.1 

104.2 

91.7 

103.8 

89.4 

89.1 

99.2 

96.4 

94.6 

97.7 

100.2 

99.3 

102.4 

105.1 

100.5 

93.8 

104.7 

117.2 

115.1 

102.1 

113.6 

122.2 

125.9 

126.7 

118.7 

121.0 

114.9 

112.1 

127.8 

119.8 

136.0 

116.8 

119.6 

103.9 

115.7 

114.8 

105.3 

89.3 

101.9 

94.3 

87.0 

99.2 

95.4 

95.0 

98.8 

100.8 

99.3 

103.7 

104.4 

100.2 

96.9 

105.9 

118.8 

113.4 

97.8 

114.2 

123.2 

126.2 

126.9 

119.0 

118.8 

113.3 

113.6 

136.4 

122.4 

123.7 

131.8 

115.9 

119.7 

104.6 

118.6 

112.8 

104.4 

90.1 

105.8 

94.1 

87.8 

98.5 

96.0 

95.7 

98.2 

101.4 

99.3 

103.3 

104.1 

96.4 

99.9 

109.9 

118.3 

112.2 

95.9 

118.2 

124.4 

123.9 

125.8 

116.9 

122.1 

110.9 

135.6 

119.1 

132.5 

126.6 

114.0 

115.5 

107.6 

122.2 

107.8 

101.6 

94.3 

106.4 

90.4 

91.9 

98.3 

97.1 

96.4 

98.2 

100.7 

98.8 

103.7 

102.7 

96.8 

102.8 

111.1 

116.0 

110.0 

101.8 

120.9 

125.8 

127.3 

123.4 

110.7 

121.4 

110.2 

132.4 

120.3 

142.4 

121.8 

114.6 

111.8 

109.7 

118.8 

103.1 

97.6 

101.5 

95.7 

89.6 

95.4 

97.3 

96.4 

97.2 

99.4 

100.2 

99.9 

104.7 

102.3 

96.2 

102.8 

113.2 

114.2 

108.3 

109.4 

121.3 

126.1 

126.9 

122.2 

117.4 

119.2 

110.3 

129.4 

117.9 

134.2 

119.0 

120.2 

106.2 

113.9 

114.9 

105.0 

91.8 

102.2 

90.8 

89.1 

98.5 

96.1 

95.4 

97.1 

100.3 

99.7 

102.1 

104.8 

100.8 

94.9 

104.7 

117.3 

114.3 

101.8 

113.2 

121.9 

126.1 

127.1 

119.1 

120.3 

114.6 

111.9 

133.5 

119.9 

133.2 

124.8 

116.2 

113.3 

109.0 

118.6 

107.2 

98.9 

97.0 

99.6 

90.8 

93.4 

97.5 

96.2 

96.6 

99.0 

100.5 

100.0 

104.1 

102.5 

96.1 

102.6 

112.9 

115.7 

108.1 

105.1 

120.6 

125.6 

126.3 

122.6 

116.3 

119.3 

110.8 

950.DWu$»nindei(rfl2lea<lRcino1catorcoiivonent$ 

[Percent rising over 1-month spans] 

20.0 

37.5 

83.3 

54.2 

54.2 

50.0 

75.0 

87.5 

25.0 

37.5 

29.2 

75.0 

37.5 

58.3 

87.5 

66.7 

58.3 

70.8 

66.7 

41.7 

58.3 

41.7 

18.2 

66.7 

79.2 

75.0 

41.7 

33.3 

58.3 

75.0 

62.5 

41.7 

25.0 

33.3 

58.3 

70.0 

33.3 

54.2 

50.0 

50.0 

66.7 

50.0 

66.7 

50.0 

50.0 

58.3 

87.5 

8.3 

87.5 

50.0 

66.7 

45.8 

58.3 

66.7 

54.2 

41.7 

20.8 

16.7 

66.7 

79.2 

41.7 

41.7 

41.7 

66.7 

66.7 

75.0 

79.2 

33.3 

58.3 

33.3 

65.0 

25.0 

87.5 

41.7 

29.2 

45.8 

83.3 

45.8 

58.3 

25.0 

50.0 

62.5 

58.3 

83.3 

50.0 

66.7 

87.5 

45.8 

45.8 

50.0 

33.3 

66.7 

25.0 

58.3 

62.5 

41.7 

25.0 

95.8 

66.7 

54.2 

54.2 

29.2 

12.5 

100.0 

66.7 

30.0 

58.3 

75.0 

29.2 

70.8 

25.0 

83.3 

50.0 

16.7 

58.3 

83.3 

62.5 

54.2 

79.2 

16.7 

66.7 

83.3 

75.0 

12.5 

66.7 

54.2 

29.2 

75.0 

50.0 

33.3 

50.0 

25.0 

83.3 

54.2 

62.5 

41.7 

45.8 

25.0 

41.7 

37.5 

54.2 

41.7 

58.3 

16.7 

91.7 

16.7 

91.7 

62.5 

33.3 

66.7 

87.5 

37.5 

62.5 

79.2 

25.0 

45.8 

45.8 

37.5 

20.8 

79.2 

66.7 

37.5 

58.3 

41.7 

75.0 

33.3 

25.0 

83.3 

62.5 

83.3 

50.0 

25.0 

50.0 

25.0 

37.5 

37.5 

75.0 

75.0 

25.0 

50.0 

41.7 

79.2 

62.5 

41.7 

33.3 

91.7 

29.2 

54.2 

66.7 

87.5 

45.8 

70.8 

41.7 

25.0 

75.0 

66.7 

25.0 

54.2 

50.0 

58.3 

41.7 

45.8 

83.3 

66.7 

25.0 

29.2 

29.2 

79.2 

33.3 

58.3 

8.3 

75.0 

66.7 

45.8 

50.0 

37.5 

58.3 

54.2 

37.5 

41.7 

75.0 

58.3 

33.3 

83.3 

79.2 

50.0 

75.0 

50.0 

33.3 

100.0 

45.8 

37.5 

41.7 

50.0 

79.2 

20.8 

12.5 

41.7 

50.0 

83.3 

58.3 

16.7 

83.3 

41.7 

66.7 

16.7 

91.7 

41.7 

66.7 

75.0 

12.5 

79.2 

54.2 

41.7 

37.5 

91.7 

41.7 

66.7 

50.0 

75.0 

83.3 

75.0 

50.0 

16.7 

58.3 

87.5 

58.3 

70.8 

66.7 

70.8 

41.7 

25.0 

66.7 

50.0 

54.2 

58.3 

58.3 

91.7 

8.3 

62.5 

62.5 

62.5 

41.7 

54.2 

45.8 

50.0 

100.0 

20.8 

41.7 

33.3 

66.7 

25.0 

16.7 

79.2 

54.2 

79.2 

58.3 

62.5 

25.0 

33.3 

87.5 

33.3 

50.0 

66.7 

75.0 

54.2 

12.5 

66.7 

58.3 

70.8 

70.8 

16.7 

54.2 

25.0 

66.7 

12.5 

50.0 

12.5 

50.0 

58.3 

33.3 

83.3 

66.7 

58.3 

0 

79.2 

33.3 

33.3 

75.0 

62.5 

45.8 

62.5 

66.7 

29.2 

70.8 

66.7 

16.7 

58.3 

75.0 

66.7 

54.2 

16.7 

58.3 

66.7 

58.3 

54.2 

25.0 

66.7 

50.0 

58.3 

33.3 

50.0 

41.7 

62.5 

58.3 

70.8 

54.5 

37.5 

33.3 

29.2 

45.8 

66.7 

37.5 

70.8 

41.7 

62.5 

58.3 

83.3 

41.7 

87.5 

62.5 

41.7 

75.0 

83.3 

66.7 

16.7 

25.0 

50.0 

50.0 

54.2 

50.0 

41.7 

41.7 

29.2 

66.7 

33.3 

73.6 

51.4 

54.2 

55.6 

61.1 

75.6 

40.3 

34.7 

48.6 

79.2 

25.0 

69.4 

59.7 

65.3 

56.9 

70.8 

70.9 

52.8 

48.6 

45.8 

16.2 

66.7 

79.2 

63.9 

41.7 

33.3 

69.4 

66.7 

54.2 

62.5 

38.9 

33.3 

45.8 

49.7 

41.7 

73.6 

29.2 

63.9 

29.2 

86.1 

52.8 

36.1 

50.0 

73.6 

54.2 

58.3 

80.6 

30.6 

59.7 

72.2 

52.8 

26.4 

65.3 

51.4 

44.5 

52.8 

50.0 

56.9 

41.7 

25.0 

87.5 

61.1 

66.7 

48.6 

33.3 

29.2 

55.6 

47.2 

20.8 

80.6 

61.1 

45.8 

58.3 

30.6 

72.2 

57.0 

40.3 

37.5 

86.1 

43.1 

51.4 

66.7 

80.6 

59.7 

73.6 

47.2 

25.0 

77.8 

66.7 

40.3 

55.6 

55.6 

69.4 

34.7 

27.8 

63.9 

55.6 

54.2 

48.6 

34.7 

84.7 

27.8 

62.5 

36.1 

54.2 

32.0 

55.6 

54.1 

51.4 

79.3 

41.7 

44.4 

20.8 

63.9 

41.7 

29.2 

75.0 

52.8 

62.5 

59.7 

70.8 

32.0 

63.9 

72.2 

30.6 

61.1 

75.0 

69.5 

41.7 

18.1 

58.3 

58.3 

61.1 

58.3 

27.8 

54.2 

34.7 

63.9 

52.4 

60.1 

45.5 

57.6 

41.7 

74.7 

56.8 

40.3 

35.8 

68.1 

54.5 

41.0 

72.9 

55.9 

61.8 

65.6 

60.4 

38.6 

64.9 

59.7 

40.3 

46.4 

61.8 

68.8 

45.5 

28.1 

60.8 

61.1 

62.2 

52.4 

39.6 

51.7 

37.8 

54.9 

950. Diffusion index of 12 leading indicator 

[Percent rising over 6-month spans] Average for period 

25.0 

100.0 

45.8 

58.3 

33.3 

66.7 

83.3 

25.0 

8.3 

50.0 

83.3 

41.7 

91.7 

29.2 

91.7 

83.3 

70.8 

66.7 

41.7 

62.5 

45.8 

16.7 

100.0 

91.7 

58.3 

8.3 

50.0 

100.0 

91.7 

87.5 

25.0 

16.7 

54.2 

41.7 

16.7 

100.0 

25.0 

66.7 

25.0 

79.2 

81.8 

25.0 

12.5 

79.2 

83.3 

16.7 

91.7 

33.3 

83.3 

83.3 

58.3 

45.8 

58.3 

50.0 

25.0 

25.0 

79.2 

83.3 

75.0 

25.0 

66.7 

87.5 

83.3 

83.3 

33.3 

16.7 

58.3 

45.8 

40.0 

25.0 

95.8 

16.7 

75.0 

16.7 

91.7 

91.7 

25.0 

25.0 

91.7 

75.0 

16.7 

91.7 

50.0 

91.7 

83.3 

41.7 

37.5 

66.7 

66.7 

33.3 

18.2 

70.8 

83.3 

45.8 

29.2 

91.7 

83.3 

75.0 

83.3 

25.0 

8.3 

45.8 

66.7 

50.0 

58.3 

83.3 

16.7 

66.7 

16.7 

70.8 

87.5 

33.3 

33.3 

100.0 

45.8 

33.3 

100.0 

29.2 

75.0 

83.3 

45.8 

20.8 

83.3 

54.2 

25.0 

25.0 

66.7 

83.3 

16.7 

8.3 

100.0 

66.7 

75.0 

62.5 

16.7 

33.3 

58.3 

50.0 

20.0 

91.7 

75.0 

25.0 

100.0 

8.3 

87.5 

66.7 

12.5 

25.0 

100.0 

29.2 

41.7 

91.7 

37.5 

75.0 

83.3 

50.0 

16.7 

91.7 

70.8 

41.7 

33.3 

66.7 

83.3 

16.7 

8.3 

100.0 

66.7 

62.5 

41.7 

25.0 

50.0 

33.3 

45.8 

30.0 

83.3 

75.0 

25.0 

75.0 

8.3 

91.7 

58.3 

8.3 

25.0 

100.0 

25.0 

41.7 

91.7 

54.2 

83.3 

66.7 

75.0 

0 

100.0 

87.5 

8.3 

33.3 

50.0 

87.5 

20.8 

8.3 

91.7 

54.2 

75.0 

41.7 

25.0 

83.3 

8.3 

50.0 

16.7 

100.0 

66.7 

33.3 

83.3 

8.3 

100.0 

66.7 

50.0 

0 

100.0 

8.3 

33.3 

91.7 

75.0 

79.2 

70.8 

66.7 

4.2 

100.0 

91.7 

0 

33.3 

75.0 

91.7 

20.8 

0 

87.5 

62.5 

62.5 

58.3 

16.7 

95.8 

16.7 

41.7 

8.3 

100.0 

66.7 

41.7 

75.0 

25.0 

100.0 

58.3 

33.3 

0 

100.0 

25.0 

33.3 

91.7 

70.8 

70.8 

91.7 

83.3 

8.3 

100.0 

91.7 

8.3 

50.0 

75.0 

91.7 

20.8 

0 

83.3 

66.7 

66.7 

41.7 

25.0 

95.8 

8.3 

62.5 

8.3 

91.7 

45.8 

66.7 

83.3 

33.3 

91.7 

50.0 

45.8 

8.3 

91.7 

25.0 

33.3 

83.3 

87.5 

66.7 

83.3 

100.0 

25.0 

91.7 

91.7 

18.2 

58.3 

100.0 

91.7 

25.0 

0 

91.7 

41.7 

66.7 

58.3 

20.8 

75.0 

8.3 

83.3 

8.3 

100.0 

16.7 

66.7 

83.3 

41.7 

100.0 

33.3 

25.0 

8.3 

83.3 

25.0 

33.3 

100.0 

79.2 

91.7 

75.0 

83.3 

33.3 

83.3 

91.7 

8.3 

83.3 

91.7 

91.7 

20.8 

8.3 

91.7 

66.7 

58.3 

54.2 

20.8 

58.3 

8.3 

87.5 

16.7 

100.0 

50.0 

75.0 

58.3 

50.0 

100.0 

29.2 

33.3 

20.8 

91.7 

8.3 

37.5 

95.8 

75.0 

70.8 

62.5 

83.3 

45.8 

70.8 

75.0 

0 

100.0 

91.7 

87.5 

16.7 

8.3 

100.0 

66.7 

79.2 

62.5 

8.3 

50.0 

25.0 

83.3 

22.2 

98.6 

37.5 

61.1 

37.5 

68.1 

85.6 

36.1 

11.1 

54.2 

86.1 

29.2 

79.2 

43.1 

83.3 

83.3 

63.9 

65.3 

44.4 

61.1 

48.6 

16.7 

93.1 

91.7 

69.4 

16.7 

50.0 

90.3 

88.9 

84.7 

30.5 

13.9 

62.5 

43.1 

36.7 

58.3 

84.7 

19.5 

80.6 

13.9 

83.3 

82.0 

23.6 

27.8 

97.2 

50.0 

30.6 

94.5 

38.9 

80.6 

83.3 

45.8 

25.0 

80.6 

63.9 

33.3 

25.5 

68.1 

83.3 

26.4 

15.3 

97.2 

72.2 

70.8 

62.5 

22.2 

30.5 

45.8 

54.2 

18.3 

94.4 

69.5 

33.3 

77.8 

13.9 

97.2 

61.1 

30.5 

8.3 

100.0 

19.4 

36.1 

91.7 

66.7 

77.8 

76.4 

75.0 

4.2 

100.0 

90.3 

5.5 

38.9 

66.7 

90.3 

20.8 

2.8 

87.5 

61.1 

68.1 

47.2 

22.2 

91.6 

11.1 

51.4 

11.1 

97.2 

37.5 

69.5 

75.0 

41.7 

97.2 

37.5 

34.7 

12.5 

88.9 

19.4 

34.7 

93.0 

80.6 

76.4 

73.6 

88.9 

34.7 

81.9 

86.1 

8.8 

80.5 

94.5 

90.3 

20.8 

5.5 

94.5 

58.4 

68.1 

58.3 

16.6 

61.1 

13.9 

84.7 

68.1 

72.6 

39.9 

73.6 

26.7 

86.5 

66.5 

31.2 

14.9 

85.1 

43.7 

32.6 

89.6 

57.3 

79.5 

79.2 

68.4 

32.3 

76.7 

75.4 

24.1 

40.4 

80.6 

88.9 

34.4 

10.1 

82.3 

70.5 

74.0 

63.2 

22.9 

49.3 

33.3 

58.3 

136 

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Year 

Monthly Quarterly 

Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. 

951. Diffusion index of four roughly coincident indicator 

[Percent rising over 1-month spans] 

_LQ_ 

IV Q 

Annual 

Average for period 

1947 

1948 

1949 0 

1950 75.0 

1951 75.0 

1952 75.0 

1953 100.0 

1954 25.0 

1955 100.0 

1956 50.0 

1957 25.0 

1958 0 

1959 75.0 

1960 100.0 

1961 50.0 

1962 25.0 

1963 62.5 

1964..:. 100.0 

1965 75.0 

1966 100.0 

1967 100.0 

1968 25.0 

1969 75.0 

1970 0 

1971 100.0 

1972 100.0 

1973 100.0 

1974 50.0 

1975 25.0 

1976 100.0 

1977 87.5 

1978 25.0 

1979 50.0 

1980 100.0 

1981 100.0 

1982 0 

1947 

1948 

1949 0 

1950 100.0 

1951 75.0 

1952 100.0 

1953 100.0 

1954 0 

1955 100.0 

1956 100.0 

1957 50.0 

1958 0 

1959 100.0 

1960 100.0 

1961 25.0 

1962 100.0 

1963 100.0 

1964 100.0 

1965 100.0 

1966 100.0 

1967 75.0 

1968 100.0 

1969 100.0 

1970 50.0 

1971 100.0 

1972 100.0 

1973 100.0 

1974 50.0 

1975 0 

1976 100.0 

1977 100.0 

1978 100.0 

1979 75.0 

1980 25.0 

1981 100.0 

1982 0 

1947 

1948 

1949 58.3 

1950 41.7 

1951 66.7 

1952 58.3 

1953 58.3 

1954 16.7 

1955 50.0 

1956 91.7 

1957 66.7 

1958 25.0 

1959 33.3 

1960 41.7 

1961 41.7 

1962 83.3 

1963 33.3 

1964 25.0 

1965 75.0 

1966 66.7 

1967 50.0 

1968 75.0 

1969 75.0 

1970 91.7 

1971 8.3 

1972 8.3 

1973 83.3 

1974 50.0 

1975 41.7 

1976 33.3 

1977 33.3 

1978 83.3 

1979 83.3 

1980 50.0 

1981 8.3 

1982 75.0 

62.5 

0 

50.0 

50.0 

100.0 

100.0 

50.0 

100.0 

50.0 

100.0 

12.5 

100.0 

25.0 

37.5 

87.5 

100.0 

100.0 

100.0 

100.0 

25.0 

75.0 

100.0 

75.0 

50.0 

75.0 

100.0 

25.0 

25.0 

100.0 

100.0 

100.0 

75.0 

12.5 

87.5 

87.5 

75.0 

25.0 

100.0 

75.0 

50.0 

100.0 

0 

100.0 

62.5 

62.5 

0 

100.0 

0 

100.0 

100.0 

100.0 

62.5 

100.0 

100.0 

75.0 

100.0 

100.0 

62.5 

87.5 

100.0 

75.0 

62.5 

0 

100.0 

100.0 

100.0 

100.0 

25.0 

75.0 

37.5 

50.0 

0 

100.0 

62.5 

50.0 

75.0 

25.0 

100.0 

100.0 

25.0 

0 

100.0 

75.0 

62.5 

100.0 

100.0 

100.0 

100.0 

75.0 

75.0 

75.0 

75.0 

25.0 

100.0 

100.0 

50.0 

37.5 

62.5 

100.0 

100.0 

100.0 

12.5 

0 

50.0 

25.0 

75.0 

25.0 

100.0 

50.0 

62.5 

62.5 

50.0 

100.0 

25.0 

0 

75.0 

100.0 

37.5 

100.0 

62.5 

75.0 

100.0 

75.0 

75.0 

75.0 

100.0 

50.0 

37.5 

100.0 

100.0 

75.0 

87.5 

100.0 

75.0 

87.5 

62.5 

87.5 

0 

50.0 

75.0 

100.0 

37.5 

100.0 

50.0 

50.0 

50.0 

75.0 

75.0 

75.0 

75.0 

100.0 

100.0 

12.5 

100.0 

50.0 

100.0 

75.0 

100.0 

100.0 

75.0 

100.0 

100.0 

25.0 

62.5 

75.0 

75.0 

75.0 

75.0 

75.0 

100.0 

75.0 

75.0 

37.5 

100.0 

0 

62.5 

0 

100.0 

12.5 

0 

62.5 

37.5 

100.0 

0 

62.5 

100.0 

37.5 

0 

75.0 

100.0 

75.0 

100.0 

100.0 

75.0 

75.0 

75.0 

100.0 

100.0 

50.0 

62.5 

87.5 

50.0 

75.0 

100.0 

75.0 

75.0 

87.5 

50.0 

75.0 

25.0 

62.5 

100.0 

100.0 

50.0 

100.0 

0 

25.0 

50.0 

100.0 

62.5 

75.0 

0 

0 

100.0 

100.0 

75.0 

75.0 

75.0 

100.0 

100.0 

75.0 

100.0 

25.0 

37.5 

100.0 

37.5 

12.5 

100.0 

75.0 

100.0 

100.0 

50.0 

75.0 

25.0 

0 

50.0 

100.0 

50.0 

25.0 

100.0 

0 

100.0 

100.0 

100.0 

0 

100.0 

25.0 

25.0 

75.0 

62.5 

100.0 

100.0 

87.5 

75.0 

75.0 

87.5 

87.5 

37.5 

87.5 

100.0 

100.0 

37.5 

100.0 

50.0 

100.0 

75.0 

50.0 

100.0 

37.5 

25.0 

75.0 

0 

75.0 

87.5 

87.5 

25.0 

100.0 

75.0 

100.0 

0 

87.5 

50.0 

25.0 

100.0 

100.0 

100.0 

12.5 

100.0 

100.0 

37.5 

100.0 

100.0 

0 

62.5 

100.0 

100.0 

37.5 

87.5 

50.0 

100.0 

100.0 

62.5 

100.0 

0 

0 

12.5 

100.0 

50.0 

62.5 

50.0 

25.0 

100.0 

100.0 

62.5 

0 

100.0 

75.0 

0 

100.0 

87.5 

50.0 

100.0 

100.0 

50.0 

100.0 

100.0 

0 

0 

100.0 

100.0 

100.0 

0 

87.5 

100.0 

100.0 

100.0 

50.0 

75.0 

0 

50.0 

25.0 

75.0 

100.0 

75.0 

100.0 

0 

100.0 

100.0 

100.0 

0 

75.0 

100.0 

25.0 

100.0 

37.5 

75.0 

100.0 

100.0 

87.5 

100.0 

75.0 

62.5 

100.0 

100.0 

100.0 

25.0 

0 

75.0 

100.0 

100.0 

100.0 

100.0 

100.0 

0 

75.0 

8.3 

75.0 

66.7 

75.0 

100.0 

25.0 

100.0 

54.2 

62.5 

4.2 

91.7 

41.7 

62.5 

70.8 

87.5 

87.5 

91.7 

100.0 

66.7 

66.7 

91.7 

45.8 

79.2 

91.7 

91.7 

45.8 

16.7 

100.0 

95.8 

75.0 

75.0 

45.8 

87.5 

41.7 

75.0 

20.8 

100.0 

54.2 

54.2 

62.5 

50.0 

91.7 

66.7 

33.3 

58.3 

100.0 

41.7 

87.5 

70.8 

91.7 

91.7 

91.7 

83.3 

75.0 

91.7 

75.0 

29.2 

87.5 

91.7 

66.7 

66.7 

79.2 

83.3 

95.8 

79.2 

58.3 

12.5 

66.7 

33.3 

58.3 

66.7 

83.3 

29.2 

66.7 

20.8 

54.2 

83.3 

66.7 

41.7 

91.7 

20.8 

8.3 

83.3 

87.5 

83.3 

91.7 

87.5 

83.3 

83.3 

79.2 

95.8 

54.2 

58.3 

87.5 

75.0 

33.3 

91.7 

75.0 

91.7 

83.3 

62.5 

75.0 

45.8 

16.7 

37.5 

58.3 

75.0 

75.0 

79.2 

16.7 

100.0 

91.7 

87.5 

0 

87.5 

75.0 

16.7 

100.0 

75.0 

75.0 

70.8 

100.0 

79.2 

79.2 

91.7 

54.2 

33.3 

87.5 

100.0 

75.0 

12.5 

83.3 

83.3 

100.0 

100.0 

70.8 

91.7 

0 

41.7 

38.5 

83.3 

56.2 

68.8 

50.0 

57.3 

91.7 

68.8 

34.4 

60.4 

71.9 

27.1 

83.3 

76.0 

84.4 

85.4 

92.7 

86.5 

76.0 

82.3 

79.2 

40.6 

78.1 

92.7 

77.1 

39.6 

67.7 

85.4 

95.8 

84.4 

66.7 

56.2 

50.0 

33.3 

951. Diffusion index of four roughly 

[Percent rising over «pans] Average for period 

0 

100.0 

100.0 

100.0 

100.0 

0 

100.0 

62.5 

62.5 

0 

100.0 

100.0 

75.0 

100.0 

100.0 

100.0 

100.0 

100.0 

75.0 

100.0 

100.0 

50.0 

100.0 

100.0 

100.0 

25.0 

0 

100.0 

100.0 

100.0 

100.0 

0 

100.0 

50.0 

0 

100.0 

75.0 

62.5 

100.0 

25.0 

100.0 

50.0 

50.0 

0 

100.0 

50.0 

100.0 

100.0 

100.0 

100.0 

100.0 

100.0 

75.0 

100.0 

100.0 

25.0 

100.0 

100.0 

100.0 

75.0 

0 

100.0 

100.0 

100.0 

87.5 

0 

100.0 

50.0 

100.0 

0 

100.0 

50.0 

50.0 

100.0 

50.0 

100.0 

25.0 

62.5 

37.5 

100.0 

50.0 

100.0 

100.0 

100.0 

100.0 

100.0 

100.0 

75.0 

100.0 

100.0 

37.5 

100.0 

100.0 

100.0 

62.5 

75.0 

100.0 

100.0 

100.0 

100.0 

0 

75.0 

25.0 

100.0 

0 

100.0 

50.0 

100.0 

62.5 

25.0 

100.0 

62.5 

25.0 

75.0 

75.0 

25.0 

100.0 

100.0 

100.0 

100.0 

100.0 

100.0 

100.0 

100.0 

100.0 

25.0 

100.0 

100.0 

75.0 

50.0 

100.0 

100.0 

100.0 

100.0 

75.0 

0 

75.0 

0 

100.0 

50.0 

100.0 

50.0 

100.0 

0 

62.5 

100.0 

100.0 

25.0 

100.0 

50.0 

25.0 

100.0 

100.0 

100.0 

100.0 

100.0 

75.0 

100.0 

100.0 

100.0 

50.0 

100.0 

100.0 

75.0 

50.0 

100.0 

100.0 

100.0 

100.0 

50.0 

0 

50.0 

0 _ 

100.0 

0 

100.0 

62.5 

100.0 

12.5 

50.0 

100.0 

100.0 

25.0 

100.0 

12.5 

25.0 

100.0 

100.0 

100.0 

100.0 

100.0 

100.0 

100.0 

100.0 

100.0 

0 

100.0 

100.0 

100.0 

25.0 

100.0 

100.0 

100.0 

100.0 

100.0 

50.0 

50.0 

0 

75.0 

50.0 

100.0 

75.0 

100.0 

0 

100.0 

100.0 

100.0 

12.5 

100.0 

50.0 

0 

100.0 

100.0 

100.0 

100.0 

100.0 

100.0 

100.0 

100.0 

100.0 

0 

100.0 

100.0 

100.0 

0 

100.0 

100.0 

100.0 

100.0 

50.0 

100.0 

25.0 

0 

50.0 

50.0 

100.0 

50.0 

100.0 

0 

100.0 

100.0 

100.0 

0 

100.0 

50.0 

0 

100.0 

100.0 

100.0 

100.0 

100.0 

100.0 

100.0 

100.0 

87.5 

0 

100.0 

100.0 

100.0 

0 

100.0 

100.0 

100.0 

100.0 

50.0 

100.0 

12.5 

0 

0 

100.0 

75.0 

100.0 

100.0 

0 

100.0 

100.0 

100.0 

0 

100.0 

100.0 

0 

100.0 

100.0 

100.0 

100.0 

100.0 

100.0 

100.0 

100.0 

50.0 

50.0 

100.0 

100.0 

50.0 

0 

100.0 

100.0 

100.0 

100.0 

62.5 

100.0 

0 

50.0 

0 

75.0 

75.0 

100.0 

100.0 

0 

100.0 

100.0 

100.0 

0 

100.0 

100.0 

0 

100.0 

100.0 

100.0 

100.0 

100.0 

100.0 

100.0 

100.0 

50.0 

50.0 

100.0 

100.0 

50.0 

0 

100.0 

100.0 

100.0 

100.0 

50.0 

100.0 

0 

50.0 

0 

100.0 

75.0 

100.0 

100.0 

0 

100.0 

75.0 

100.0 

0 

100.0 

100.0 

25.0 

100.0 

100.0 

100.0 

100.0 

100.0 

75.0 

100.0 

100.0 

50.0 

75.0 

100.0 

100.0 

50.0 

0 

100.0 

100.0 

100.0 

100.0 

25.0 

100.0 

0 

75.0 

0 

100.0 

83.3 

87.5 

100.0 

8.3 

100.0 

70.8 

54.2 

0 

100.0 

83.3 

66.7 

100.0 

100.0 

100.0 

100.0 

100.0 

75.0 

100.0 

100.0 

41.7 

100.0 

100.0 

100.0 

50.0 

0 

100.0 

100.0 

100.0 

87.5 

8.3 

100.0 

33.3 

100.0 

16.7 

100.0 

50.0 

83.3 

54.2 

45.8 

100.0 

62.5 

37.5 

70.8 

75.0 

33.3 

100.0 

100.0 

100.0 

100.0 

100.0 

91.7 

91.7 

100.0 

100.0 

37.5 

100.0 

100.0 

83.3 

54.2 

91.7 

100.0 

100.0 

100.0 

75.0 

0 

66.7 

8.3 

75.0 

33.3 

100.0 

62.5 

100.0 

4.2 

83.3 

100.0 

100.0 

12.5 

100.0 

37.5 

8.3 

100.0 

100.0 

100.0 

100.0 

100.0 

100.0 

100.0 

100.0 

95.8 

0 

100.0 

100.0 

100.0 

8.3 

100.0 

100.0 

100.0 

100.0 

66.7 

83.3 

29.2 

0 

0 

91.7 

75.0 

100.0 

100.0 

0 

100.0 

91.7 

100.0 

0 

100.0 

100.0 

8.3 

100.0 

100.0 

100.0 

100.0 

100.0 

91.7 

100.0 

100.0 

50.0 

58.3 

100.0 

100.0 

50.0 

0 

100.0 

100.0 

100.0 

100.0 

45.8 

100.0 

0 

58.3 

35.4 

93.8 

74.0 

92.7 

39.6 

59.4 

97.9 

83.3 

26.0 

67.7 

78.1 

33.3 

91.7 

100.0 

100.0 

100.0 

100.0 

95.8 

91.7 

100.0 

86.5 

34.4 

100.0 

100.0 

83.3 

28.1 

72.9 

100.0 

100.0 

100.0 

68.8 

47.9 

49.0 

25.0 

952. Diffusion index of six lagging indicator 

[Percent rising over 1-month spans] Average for period 

75.0 

75.0 

41.7 

66.7 

41.7 

58.3 

25.0 

58.3 

75.0 

16.7 

33.3 

58.3 

91.7 

50.0 

33.3 

41.7 

91.7 

58.3 

75.0 

58.3 

58.3 

83.3 

33.3 

33.3 

41.7 

91.7 

66.7 

16.7 

50.0 

58.3 

66.7 

58.3 

75.0 

25.0 

33.3 

66.7 

41.7 

8.3 

75.0 

91.7 

58.3 

41.7 

58.3 

83.3 

75.0 

41.7 

58.3 

91.7 

25.0 

58.3 

50.0 

75.0 

58.3 

66.7 

58.3 

50.0 

66.7 

50.0 

16.7 

66.7 

41.7 

0 

33.3 

33.3 

41.7 

75.0 

41.7 

66.7 

41.7 

33.3 

58.3 

33.3 

41.7 

58.3 

41.7 

83.3 

16.7 

41.7 

66.7 

91.7 

41.7 

58.3 

66.7 

41.7 

83.3 

50.0 

58.3 

66.7 

100.0 

50.0 

83.3 

83.3 

50.0 

16.7 

50.0 

100.0 

58.3 

0 

41.7 

66.7 

58.3 

91.7 

50.0 

83.3 

58.3 

58.3 

58.3 

41.7 

75.0 

75.0 

66.7 

25.0 

58.3 

100.0 

75.0 

0 

75.0 

91.7 

25.0 

75.0 

75.0 

58.3 

75.0 

75.0 

50.0 

41.7 

83.3 

41.7 

58.3 

83.3 

50.0 

83.3 

0 

58.3 

83.3 

83.3 

41.7 

50.0 

66.7 

41.7 

58.3 

25.0 

41.7 

75.0 

91.7 

66.7 

25.0 

75.0 

83.3 

41.7 

8.3 

75.0 

83.3 

25.0 

91.7 

83.3 

83.3 

75.0 

75.0 

50.0 

50.0 

83.3 

75.0 

16.7 

50.0 

83.3 

50.0 

0 

58.3 

83.3 

75.0 

66.7 

33.3 

41.7 

58.3 

91.7 

41.7 

58.3 

66.7 

58.3 

41.7 

33.3 

58.3 

75.0 

75.0 

25.0 

91.7 

41.7 

25.0 

66.7 

58.3 

50.0 

50.0 

75.0 

66.7 

58.3 

41.7 

16.7 

66.7 

41.7 

58.3 

50.0 

50.0 

50.0 

41.7 

66.7 

58.3 

16.7 

66.7 

33.3 

75.0 

25.0 

75.0 

58.3 

25.0 

58.3 

33.3 

100.0 

33.3 

58.3 

8.3 

91.7 

50.0 

58.3 

66.7 

75.0 

83.3 

75.0 

58.3 

25.0 

58.3 

58.3 

58.3 

83.3 

41.7 

58.3 

83.3 

16.7 

75.0 

83.3 

66.7 

66.7 

16.7 

50.0 

50.0 

66.7 

25.0 

91.7 

66.7 

50.0 

66.7 

25.0 

83.3 

58.3 

83.3 

58.3 

66.7 

50.0 

58.3 

66.7 

66.7 

83.3 

58.3 

50.0 

75.0 

66.7 

66.7 

8.3 

41.7 

41.7 

58.3 

66.7 

16.7 

66.7 

75.0 

66.7 

75.0 

33.3 

83.3 

25.0 

50.0 

83.3 

66.7 

58.3 

41.7 

50.0 

41.7 

83.3 

58.3 

41.7 

41.7 

83.3 

58.3 

50.0 

66.7 

58.3 

75.0 

58.3 

50.0 

58.3 

50.0 

75.0 

50.0 

33.3 

50.0 

66.7 

33.3 

58.3 

58.3 

66.7 

16.7 

66.7 

16.7 

75.0 

16.7 

75.0 

25.0 

75.0 

83.3 

58.3 

58.3 

58.3 

83.3 

83.3 

75.0 

41.7 

66.7 

75.0 

41.7 

58.3 

91.7 

25.0 

58.3 

75.0 

33.3 

75.0 

66.7 

16.7 

33.3 

58.3 

50.0 

66.7 

16.7 

33.3 

83.3 

91.7 

41.7 

33.3 

66.7 

0 

25.0 

41.7 

50.0 

100.0 

75.0 

58.3 

41.7 

58.3 

41.7 

66.7 

91.7 

33.3 

50.0 

66.7 

75.0 

58.3 

41.7 

58.3 

75.0 

58.3 

83.3 

66.7 

0 

33.3 

41.7 

75.0 

50.0 

50.0 

33.3 

75.0 

66.7 

33.3 

33.3 

75.0 

16.7 

58.3 

30.6 

69.5 

63.9 

58.3 

27.8 

55.5 

83.3 

52.8 

33.3 

50.0 

75.0 

38.9 

58.3 

41.7 

63.9 

63.9 

69.5 

55.5 

61.1 

75.0 

58.3 

19.4 

38.9 

72.2 

38.9 

30.6 

38.9 

44.4 

75.0 

61.1 

63.9 

25.0 

47.2 

58.3 

38.9 

41.7 

69.4 

69.5 

72.2 

22.2 

58.3 

83.3 

69.5 

16.7 

69.4 

80.6 

30.6 

83.3 

69.4 

66.6 

72.2 

83.3 

50.0 

58.3 

83.3 

55.6 

30.6 

61.1 

77.8 

63.9 

0 

52.8 

77.8 

72.2 

66.7 

44.4 

63.9 

52.8 

77.8 

30.6 

75.0 

63.9 

44.4 

55.6 

30.5 

80.5 

55.5 

72.2 

30.5 

83.4 

47.2 

47.2 

66.7 

66.7 

72.2 

61.1 

61.1 

55.6 

61.1 

55.6 

27.8 

63.9 

41.7 

58.3 

66.7 

27.8 

63.9 

66.7 

66.7 

66.7 

22.2 

66.7 

36.1 

50.0 

50.0 

63.9 

80.5 

58.3 

55.5 

47.2 

75.0 

61.1 

61.1 

58.4 

61.1 

61.1 

52.8 

66.7 

69.4 

47.2 

58.3 

66.7 

50.0 

69.4 

69.5 

22.2 

33.3 

50.0 

63.9 

50.0 

41.7 

41.6 

75.0 

58.4 

47.2 

27.8 

72.2 

11.1 

44.4 

52.8 

70.8 

59.0 

60.4 

32.0 

67.3 

70.8 

63.9 

34.7 

66.0 

66.0 

42.4 

68.8 

61.8 

62.5 

63.9 

70.1 

52.8 

62.5 

70.8 

41.0 

36.8 

47.9 

68.0 

54.9 

25.0 

49.3 

66.0 

68.1 

60.4 

39.6 

57.0 

36.8 

See footnotes at end of this part. 137 

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Year 

1947 

1948 

1949 

1950 

1951 

1952 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

1947 

1948 

1949 

1950 

1951 

1952 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

1947 

1948 

1949 

1950 

1951 

1952 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

Jan. 

58.3 

41.7 

83.3 

75.0 

83.3 

33.3 

41.7 

100.0 

91.7 

33.3 

58.3 

66.7 

50.0 

75.0 

41.7 

75.0 

58.3 

91.7 

66.7 

58.3 

100.0 

50.0 

0 

33.3 

83.3 

100.0 

33.3 

16.7 

50.0 

66.7 

100.0 

66.7 

16.7 

41.7 

30.0 

32.5 

90.0 

57.5 

75.0 

17.5 

22.5 

92.5 

35.0 

35.0 

27.5 

92.5 

45.0 

92.5 

25.0 

82.5 

0 

60.0 

57.5 

72.5 

15.0 

52.5 

35.0 

75.0 

50.0 

42.5 

27.5 

27.5 

92.5 

15.0 

2.5 

37.5 

52.5 

75.0 

5.0 

75.0 

5.0 

87.5 

40.0 

50.0 

72.5 

2.5 

100.0 

27.5 

20.0 

10.0 

90.0 

22.5 

42.5 

85.0 

57.5 

72.5 

87.5 

85.0 

10.0 

65.0 

45.0 

5.0 

65.0 

85.0 

57.5 

20.0 

0 

82.5 

82.5 

72.5 

12.5 

15.0 

95.0 

5.0 

Feb. 

41.7 

41.7 

83.3 

83.3 

91.7 

33.3 

41.7 

100.0 

83.3 

33.3 

66.7 

75.0 

25.0 

91.7 

58.3 

58.3 

58.3 

100.0 

50.0 

75.0 

100.0 

50.0 

0 

16.7 

91.7 

83.3 

33.3 

41.7 

50.0 

66.7 

75.0 

66.7 

66.7 

33.3 

Mar. 

41.7 

41.7 

83.3 

83.3 

83.3 

0 

50.0 

100.0 

75.0 

0 

66.7 

91.7 

25.0 

91.7 

41.7 

58.3 

75.0 

100.0 

66.7 

91.7 

100.0 

50.0 

0 

33.3 

100.0 

66.7 

0 

33.3 

75.0 

75.0 

83.3 

50.0 

33.3 

33.3 

Apr. May 

Monthly 

June July Aug.. 

952. Diffusion index of six lagging indicator components 

83.3 

41.7 

41.7 

83.3 

58.3 

83.3 

8.3 

41.7 

100.0 

75.0 

0 

83.3 

91.7 

25.0 

91.7 

41.7 

58.3 

58.3 

83.3 

66.7 

66.7 

100.0 

33.3 

16.7 

66.7 

83.3 

66.7 

0 

50.0 

75.0 

66.7 

66.7 

33.3 

66.7 

33.3 

[Percent rising over 6-month spans] 

83.3 

33.3 

41.7 

75.0 

58.3 

83.3 

0 

75.0 

100.0 

100.0 

0 

100.0 

83.3 

25.0 

91.7 

66.7 

75.0 

75.0 

91.7 

41.7 

66.7 

91.7 

33.3 

16.7 

66.7 

66.7 

66.7 

0 

58.3 

75.0 

66.7 

83.3 

33.3 

50.0 

33.3 

100.0 

25.0 

66.7 

75.0 

58.3 

83.3 

0 

66.7 

83.3 

100.0 

0 

100.0 

83.3 

25.0 

91.7 

83.3 

75.0 

75.0 

83.3 

50.0 

100.0 

83.3 

33.3 

50.0 

66.7 

83.3 

83.3 

0 

66.7 

100.0 

66.7 

100.0 

25.0 

66.7 

33.3 

83.3 

41.7 

83.3 

83.3 

41.7 

66.7 

8.3 

91.7 

83.3 

83.3 

16.7 

100.0 

66.7 

25.0 

83.3 

83.3 

75.0 

58.3 

66.7 

58.3 

66.7 

100.0 

41.7 

58.3 

66.7 

66.7 

66.7 

16.7 

66.7 

91.7 

83.3 

83.3 

16.7 

83.3 

33.3 

100.0 

25.0 

100.0 

83.3 

41.7 

66.7 

8.3 

91.7 

83.3 

75.0 

33.3 

100.0 

66.7 

25.0 

66.7 

91.7 

58.3 

58.3 

83.3 

33.3 

66.7 

83.3 

33.3 

50.0 

50.0 

91.7 

58.3 

16.7 

33.3 

75.0 

83.3 

83.3 

0 

66.7 

16.7 

Sept. 

91.7 

33.3 

100.0 

83.3 

41.7 

75.0 

8.3 

91.7 

75.0 

66.7 

33.3 

100.0 

58.3 

41.7 

75.0 

75.0 

58.3 

75.0 

83.3 

33.3 

83.3 

83.3 

16.7 

50.0 

50.0 

100.0 

50.0 

33.3 

50.0 

83.3 

83.3 

66.7 

16.7 

66.7 

16.7 

Oct. 

100.0 

25.0 

83.3 

83.3 

58.3 

58.3 

25.0 

100.0 

50.0 

66.7 

33.3 

83.3 

50.0 

58.3 

66.7 

75.0 

66.7 

66.7 

83.3 

33.3 

100.0 

75.0 

8.3 

16.7 

66.7 

83.3 

50.0 

0 

66.7 

100.0 

91.7 

66.7 

33.3 

66.7 

0 

961. Diffusion index of average weekly hours of production or nonsupenrisory workers—20 manufacturing industries 

37.5 

37.5 

52.5 

62.5 

42.5 

42.5 

42.5 

75.0 

82.5 

30.0 

77.5 

17.5 

62.5 

12.5 

57.5 

60.0 

42.5 

90.0 

52.5 

82.5 

5.0 

90.0 

17.5 

17.5 

22.5 

72.5 

92.5 

42.5 

10.0 

27.5 

97.5 

77.5 

50.0 

30.0 

15.0 

95.0 

37.5 

57.5 

27.5 

65.0 

72.5 

37.5 

85.0 

27.5 

82.5 

25.0 

22.5 

62.5 

72.5 

32.5 

57.5 

77.5 

55.0 

45.0 

75.0 

40.0 

47.5 

15.0 

87.5 

32.5 

72.5 

57.5 

50.0 

37.5 

30.0 

35.0 

35.0 

92.5 

62.5 

12.5 

47.5 

12.5 

60.0 

42.5 

12.5 

80.0 

77.5 

25.0 

45.0 

30.0 

42.5 

70.0 

47.5 

40.0 

75.0 

37.5 

80.0 

77.5 

20.0 

77.5 

17.5 

40.0 

57.5 

17.5 

27.5 

20.0 

45.0 

90.0 

55.0 

10.0 

70.0 

25.0 

80.0 

80.0 

0 

45.0 

60.0 

47.5 

[Percent rising 

30.0 

47.5 

57.5 

62.5 

22.5 

80.0 

27.5 

67.5 

92.5 

5.0 

10.0 

65.0 

70.0 

80.0 

45.0 

25.0 

85.0 

35.0 

85.0 

65.0 

30.0 

90.0 

52.5 

35.0 

75.0 

12.5 

27.5 

90.0 

50.0 

95.0 

45.0 

10.0 

87.5 

22.5 

77.5 

65.0 

over 1-month 

32.5 

40.0 

52.5 

87.5 

37.5 

50.0 

17.5 

77.5 

37.5 

30.0 

45.0 

92.5 

32.5 

22.5 

97.5 

35.0 

67.5 

40.0 

30.0 

40.0 

55.0 

60.0 

40.0 

60.0 

52.5 

80.0 

32.5 

40.0 

80.0 

22.5 

82.5 

70.0 

60.0 

27.5 

22.5 

80.0 

spans] 

22.5 

37.5 

70.0 

82.5 

25.0 

22.5 

37.5 

65.0 

25.0 

75.0 

45.0 

82.5 

42.5 

42.5 

60.0 

42.5 

62.5 

62.5 

55.0 

20.0 

72.5 

35.0 

32.5 

82.5 

55.0 

30.0 

57.5 

30.0 

75.0 

70.0 

17.5 

57.5 

55.0 

30.0 

32.5 

45.0 

22.5 

70.0 

45.0 

77.5 

22.5 

87.5 

35.0 

55.0 

62.5 

22.5 

42.5 

80.0 

32.5 

25.0 

70.0 

40.0 

35.0 

70.0 

42.5 

62.5 

62.5 

55.0 

52.5 

20.0 

27.5 

62.5 

32.5 

50.0 

87.5 

17.5 

55.0 

37.5 

42.5 

90.0 

57.5 

37.5 

82.5 

12.5 

82.5 

30.0 

75.0 

87.5 

7.5 

17.5 

72.5 

67.5 

57.5 

77.5 

20.0 

17.5 

42.5 

82.5 

77.5 

17.5 

27.5 

47.5 

52.5 

82.5 

62.5 

10.0 

17.5 

47.5 

85.0 

22.5 

72.5 

27.5 

62.5 

55.0 

70.0 

87.5 

15.0 

42.5 

67.5 

52.5 

57.5 

62.5 

20.0 

65.0 

82.5 

72.5 

72.5 

57.5 

5.0 

37.5 

52.5 

90.0 

85.0 

5.0 

57.5 

62.5 

70.0 

50.0 

42.5 

47.5 

27.5 

75.0 

87.5 

57.5 

25.0 

27.5 

50.0 

75.0 

67.5 

37.5 

37.5 

60.0 

65.0 

57.5 

961. Diffusion index of average weekly hours of production or nonsupervisory workers—20 manufacturing industries 

60.0 

15.0 

92.5 

42.5 

40.0 

25.0 

52.5 

100.0 

15.0 

15.0 

15.0 

95.0 

30.0 

87.5 

82.5 

35.0 

65.0 

77.5 

85.0 

12.5 

70.0 

22.5 

10.0 

87.5 

90.0 

37.5 

10.0 

15.0 

65.0 

90.0 

72.5 

12.5 

0 

77.5 

32.5 

32.5 

12.5 

100.0 

15.0 

45.0 

15.0 

35.0 

85.0 

0 

17.5 

42.5 

90.0 

27.5 

75.0 

67.5 

95.0 

72.5 

85.0 

55.0 

12.5 

65.0 

22.5 

17.5 

80.0 

90.0 

45.0 

10.0 

22.5 

77.5 

75.0 

62.5 

12.5 

0 

60.0 

22.5 

45.0 

15.0 

100.0 

25.0 

55.0 

7.5 

40.0 

85.0 

5.0 

22.5 

67.5 

95.0 

22.5 

95.0 

30.0 

70.0 

90.0 

77.5 

52.5 

25.0 

40.0 

40.0 

12.5 

77.5 

92.5 

35.0 

2.5 

60.0 

62.5 

82.5 

55.0 

10.0 

7.5 

42.5 

22.5 

[Percent rising 

7.5 

47.5 

95.0 

20.0 

77.5 

5.0 

42.5 

85.0 

12.5 

12.5 

92.5 

72.5 

10.0 

90.0 

70.0 

82.5 

50.0 

27.5 

42.5 

35.0 

77.5 

42.5 

15.0 

45.0 

80.0 

77.5 

2.5 

67.5 

25.0 

82.5 

70.0 

32.5 

5.0 

15.0 

25.0 

over 9-month spans] 

25.0 

17.5 

45.0 

90.0 

20.0 

72.5 

15.0 

57.5 

90.0 

15.0 

5.0 

90.0 

42.5 

10.0 

97.5 

50.0 

80.0 

87.5 

52.5 

32.5 

27.5 

87.5 

25.0 

10.0 

65.0 

77.5 

67.5 

15.0 

65.0 

15.0 

90.0 

100.0 

20.0 

22.5 

10.0 

85.0 

42.5 

12.5 

50.0 

95.0 

27.5 

75.0 

7.5 

72.5 

90.0 

12.5 

0 

100.0 

42.5 

10.0 

95.0 

47.5 

67.5 

72.5 

62.5 

10.0 

72.5 

32.5 

62.5 

15.0 

75.0 

75.0 

42.5 

0 

90.0 

32.5 

45.0 

87.5 

42.5 

37.5 

15.0 

32.5 

52.5 

0 

47.5 

95.0 

20.0 

80.0 

0 

80.0 

80.0 

27.5 

0 

95.0 

45.0 

7.5 

87.5 

25.0 

60.0 

95.0 

70.0 

15.0 

65.0 

55.0 

20.0 

15.0 

77.5 

50.0 

27.5 

5.0 

95.0 

42.5 

72.5 

57.5 

30.0 

80.0 

20.0 

60.0 

42.5 

20.0 

90.0 

85.0 

30.0 

95.0 

2.5 

92.5 

85.0 

15.0 

5.0 

92.5 

35.0 

35.0 

67.5 

27.5 

50.0 

82.5 

90.0 

15.0 

32.5 

85.0 

22.5 

42.5 

77.5 

27.5 

20.0 

35.0 

100.0 

45.0 

10.0 

17.5 

77.5 

90.0 

5.0 

80.0 

17.5 

5.0 

80.0 

80.0 

35.0 

65.0 

0 

92.5 

42.5 

52.5 

10.0 

97.5 

12.5 

10.0 

92.5 

17.5 

62.5 

85.0 

97.5 

7.5 

72.5 

22.5 

7.5 

32.5 

77.5 

70.0 

27.5 

0 

100.0 

57.5 

20.0 

55.0 

37.5 

92.5 

7.5 

62.5 

Nov. 

75.0 

41.7 

83.3 

83.3 

41.7 

58.3 

41.7 

83.3 

66.7 

50.0 

50.0 

66.7 

50.0 

58.3 

66.7 

75.0 

66.7 

66.7 

58.3 

50.0 

91.7 

75.0 

0 

16.7 

75.0 

83.3 

50.0 

0 

66.7 

100.0 

100.0 

66.7 

33.3 

66.7 

8.3 

62.5 

32.5 

27.5 

42.5 

62.5 

27.5 

27.5 

92.5 

60.0 

15.0 

30.0 

90.0 

42.5 

12.5 

70.0 

62.5 

22.5 

65.0 

77.5 

32.5 

70.0 

17.5 

45.0 

47.5 

77.5 

70.0 

70.0 

7.5 

72.5 

57.5 

37.5 

70.0 

60.0 

85.0 

17.5 

65.0 

47.5 

5.0 

85.0 

67.5 

32.5 

90.0 

5.0 

95.0 

30.0 

57.5 

10.0 

97.5 

20.0 

15.0 

77.5 

40.0 

55.0 

92.5 

95.0 

12.5 

62.5 

40.0 

15.0 

52.5 

92.5 

67.5 

32.5 

5.0 

95.0 

57.5 

57.5 

55.0 

15.0 

87.5 

0 

82.5 

Dec. I 

75.0 

41.7 

83.3 

83.3 

41.7 

50.0 

41.7 

100.0 

58.3 

50.0 

66.7 

75.0 

33.3 

58.3 

41.7 

83.3 

58.3 

83.3 

66.7 

33.3 

91.7 

50.0 

0 I 

16.7 | 

66.7 

66.7 

33.3 

16.7 

50.0 

100.0 

50.0 , 

50.0 

16.7 

50.0 

16.7 

72.5 

17.5 

62.5 

42.5 

82.5 ! 

65.0 

32.5 

45.0 

35.0 

70.0 

35.0 

47.5 

72.5 

7.5 

17.5 

30.0 

77.5 

87.5 

72.5 

22.5 

37.5 

45.0 

70.0 

60.0 

77.5 

20.0 

32.5 

15.0 

90.0 

57.5 

37.5 

50.0 

62.5 

82.5 

32.5 

62.5 

52.5 

0 

87.5 

75.0 

25.0 

87.5 

2.5 

90.0 

55.0 

30.0 

7.5 

95.0 

17.5 

25.0 

95.0 

22.5 

80.0 

57.5 

85.0 

10.0 

27.5 

45.0 

5.0 

45.0 

95.0 

72.5 

7.5 

2.5 

72.5 

50.0 

100.0 

10.0 

15.0 

100.0 

5.0 

100.0 

IQ 

47.2 

41.7 

83.3 

80.5 

86.1 

22.2 

44.5 

100.0 

83.3 

22.2 

63.9 

77.8 

33.3 

86.1 

47.2 

63.9 

63.9 

97.2 

61.1 

75.0 

100.0 

50.0 

0 

27.8 

91.7 

83.3 

22.2 

30.6 

58.3 

69.5 

86.1 

61.1 

38.9 

36.1 

41.7 

37.5 

72.5 

57.5 

51.7 

48.3 

41.7 

85.8 

30.0 

45.0 

35.8 

75.8 

30.0 

69.2 

54.2 

60.0 

45.0 

62.5 

60.0 

41.7 

40.0 

52.5 

28.3 

56.7 

60.0 

61.7 

35.8 

22.5 

51.7 

49.2 

57.5 

50.0 

31.7 

45.8 

37.5 

55.8 

10.8 

93.3 

32.5 

45.0 

37.5 

30.0 

95.0 

14.2 

17.5 

22.5 

91.7 

26.7 

68.3 

78.3 

62.5 

70.0 

83.3 

75.0 

11.7 

66.7 

30.0 

10.8 

77.5 

88.3 

46.7 

13.3 

12.5 

75.0 

82.5 

69.2 

12.5 

5.0 

77.5 

J 20.0 

Quarterly 

"0 

88.9 

33.3 

50.0 

77.8 

58.3 

83.3 

2.8 

61.1 

94.4 

91.7 

0 

94.4 

86.1 

25.0 

91.7 

63.9 

69.4 

69.4 

86.1 

52.8 

77.8 

91.7 

33.3 

27.8 

66.7 

77.8 

72.2 

0 

58.3 

83.3 

66.7 

83.3 

30.5 

61.1 

33.3 

40.8 

43.3 

40.8 

76.7 

45.8 

51.7 

30.0 

58.3 

57.5 

35.0 

34.2 

65.8 

59.2 

46.7 

74.2 

45.8 

57.5 

50.8 

44.2 

48.3 

47.5 

55.8 

40.0 

38.3 

57.5 

60.8 

38.3 

46.7 

66.7 

47.5 

69.2 

53.3 

49.2 

31.7 

53.3 

64.2 

23.3 

35.8 

95.0 

21.7 

68.3 

9.2 

46.7 

86.7 

10.8 

13.3 

83.3 

70.0 

14.2 

94.2 

50.0 

77.5 

75.8 

52.5 

42.5 

29.2 

68.3 

35.8 

12.5 

62.5 

83.3 

60.0 

6.7 

64.2 

34.2 

85.0 

75.0 

20.8 

11.7 

22.5 

44.2 

III 0 IV Q 

Average for period 

91.7 

33.3 

94.4 

83.3 

41.7 

69.5 

8.3 

91.7 

80.5 

75.0 

27.8 

100.0 

63.9 

30.6 

75.0 

83.3 

63.9 

63.9 

77.8 

41.6 

72.2 

88.9 

30.6 

52.8 

55.6 

86.1 

58.3 

22.2 

50.0 

83.3 

83.3 

77.8 

11.1 

72.2 

22.2 

Average for period 

42.5 

40.0 

65.8 

63.3 

40.8 

65.8 

26.7 

45.8 

53.3 

55.0 

48.3 

80.0 

31.7 

28.3 

57.5 

55.0 

58.3 

50.0 

41.7 

43.3 

62.5 

57.5 

49.2 

37.5 

33.3 

46.7 

58.3 

34.2 

78.3 

38.3 

45.0 

50.0 

55.8 

69.2 

35.0 

41.7 

Average for period 

45.8 

10.8 

62.5 

91.7 

25.8 

83.3 

3.3 

81.7 

85.0 

18.3 

1.7 

95.8 

40.8 

17.5 

83.3 

33.3 

59.2 

83.3 

74.2 

13.3 

56.7 

57.5 

35.0 

24.2 

76.7 

50.8 

30.0 

13.3 

95.0 

40.0 

42.5 

54.2 

50.0 

69.2 

13.3 

57.5 

83.3 

36.1 

83.3 

83.3 

47.2 

55.5 

36.1 

94.4 

58.3 

55.6 

50.0 

75.0 

44.4 

58.3 

58.4 

77.8 

63.9 

72.2 

69.4 

38.9 

94.5 

66.7 

2.8 

16.7 

69.5 

77.8 

44.4 

5.6 

61.1 

100.0 

80.6 

61.1 

27.8 

61.1 

8.3 

67.5 

34.2 

49.2 

49.2 

55.0 

52.5 

47.5 

70.0 

55.8 

47.5 

23.3 

58.3 

55.8 

36.7 

57.5 

32.5 

52.5 

71.7 

73.3 

35.0 

50.0 

36.7 

47.5 

60.8 

80.8 

49.2 

42.5 

16.7 

70.8 

63.3 

47.5 

52.5 

53.3 

75.8 

38.3 

61.7 

39.2 

3.3 

84.2 

74.2 

30.8 

80.8 

2.5 

92.5 

42.5 

46.7 

9.2 

96.7 

16.7 

16.7 

88.3 

26.7 

65.8 

78.3 

92.5 

10.0 

54.2 

35.8 

9.2 

43.3 

88.3 

70.0 

22.5 

2.5 

89.2 

55.0 

59.2 

40.0 

22.5 

93.3 

4.2 

81.7 

Annual 

37.5 

67.4 

81.9 

56.9 

73.6 

17.4 

72.9 

83.3 

76.4 

25.0 

83.3 

68.1 

36.8 

77.8 

68.1 

65.3 

67.4 

82.6 

48.6 

79.9 

86.8 

29.2 

24.3 

54.9 

83.3 

64.6 

12.5 

50.0 

81.2 

75.0 

77.1 

32.6 

58.4 

25.0 

39.8 

48.3 

65.4 

49.8 

55.4 

38.1 

54.0 

63.1 

41.9 

37.7 

60.0 

55.6 

35.4 

64.6 

46.9 

57.1 

54.4 

55.4 

46.7 

50.4 

47.5 

47.3 

41.2 

57.1 

54.2 

50.2 

33.3 

59.6 

50.2 

52.7 

53.3 

52.1 

52.1 

43.1 

51.2 

23.3 

48.3 

88.5 

27.7 

69.4 

13.1 

62.7 

77.3 

22.5 

10.4 

74.6 

54.8 

18.8 

83.5 

47.1 

66.2 

76.9 

75.6 

35.2 

37.9 

57.1 

27.5 

22.7 

76.2 

73.1 

39.8 

9.0 

65.2 

51.0 

67.3 

59.6 

26.5 

44.8 

29.4 

50.8 

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Year 

MontNy 

Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. 

Quarterly 

«Q WQ 'VQ 

Annual 

962. Diffusion index of initial claims for unemployment insurance, State programs—51 areas 

[Percent dedrtng over 1-month spans] Average for period 

1947... 

1948... 

1949... 

1950... 

1951... 

1952... 

1953... 

1954... 

1955... 

1956... 

1957... 

1958... 

1959... 

1960... 

1961... 

1962... 

1963... 

1964... 

1965... 

1966... 

1967... 

1968.. 

1969... 

1970.. 

1971... 

1972.. 

1973.. 

1974.. 

1975.. 

1976.. 

1977.. 

1978... 

1979... 

1980... 

1981... 

1982... 

1947... 

1948... 

1949... 

1950... 

1951... 

1952... 

1953.. 

1954... 

1955.. 

1956.. 

1957.. 

1958.. 

1959... 

1960... 

1961... 

1962... 

1963... 

1964... 

1965... 

1966... 

1967... 

1968... 

1969... 

1970... 

1971... 

1972... 

1973... 

1974... 

1975 ... 

1976... 

1977... 

1978... 

1979.. 

1980... 

1981... 

1982... 

1947... 

1948... 

1949... 

1950... 

1951... 

1952... 

1953... 

1954... 

1955... 

1956... 

1957... 

1958... 

1959... 

1960... 

1961... 

1962... 

1963... 

1964... 

1965... 

1966... 

1967... 

1968... 

1969... 

1970... 

1971... 

1972... 

1973... 

1974... 

1975... 

1976... 

1977... 

1978... 

1979... 

1980... 

1981... 

1982... 

33.3 

21.6 

68.6 

60.8 

84.3 

35.3 

7.8 

37.3 

88.2 

61.8 

76.5 

23.5 

11.8 

74.5 

96.1 

47.1 

47.1 

18.6 

54.9 

17.6 

84.3 

78.4 

37.3 

3.9 

51.0 

94.1 

39.2 

33.3 

11.8 

23.5 

86.3 

96.1 

51.0 

79.4 

37.3 

19.6 

74.5 

29.4 

86.3 

21.6 

63.7 

21.6 

9.8 

84.3 

90.2 

70.6 

19.6 

45.1 

22.5 

78.4 

49.0 

48.0 

29.4 

19.6 

78.4 

74.5 

35.3 

41.2 

25.5 

47.1 

72.5 

60.8 

39.2 

24.5 

85.3 

41.2 

47.1 

31.4 

49.0 

60.8 

63.7 

27.5 

62.7 

9.8 

70.6 

39.2 

72.5 

25.5 

39.2 

86.3 

40.2 

76.5 

76.5 

25.5 

11.8 

68.6 

31.4 

80.4 

72.5 

10.8 

49.0 

54.9 

68.6 

46.1 

31.4 

5.9 

25.5 

26.5 

63.7 

62.7 

76.5 

39.2 

15.7 

36.3 

57.8 

86.3 

77.5 

47.1 

17.6 

47.1 

64.7 

74.5 

39.2 

33.3 

33.3 

19.6 

98.0 

82.4 

35.3 

23.5 

30.4 

52.9 

68.6 

82.4 

7.8 

3.9 

64.7 

62.7 

45.1 

58.8 

39.2 

52.9 

47.1 

29.4 

35.3 

70.6 

85.3 

27.5 

29.4 

25.5 

51.0 

82.4 

78.4 

27.5 

41.2 

58.8 

82.4 

72.5 

76.5 

5.9 

28.4 

33.3 

68.6 

56.9 

23.5 

11.8 

66.7 

33.3 

78.4 

68.6 

66.7 

49.0 

28.4 

35.3 

51.0 

66.7 

83.3 

45.1 

17.6 

25.5 

74.5 

68.6 

76.5 

17.6 

11.8 

58.8 

78.4 

80.4 

25.5 

27.5 

5.9 

54.9 

72.5 

80.4 

73.5 

0 

37.3 

58.8 

66.7 

70.6 

17.6 

19.6 

74.5 

31.4 27.5 

41.2 92.2 

47.1 23.5 

82.4 17.6 

80.4 

27.5 

23.5 

76.5 

21.6 

60.8 

74.5 

39.2 

21.6 

74.5 

81.4 

38.2 

33.3 

17.6 

35.3 

66.7 

68.6 

59.8 

19.6 

11.8 

62.7 

66.7 

80.4 

49.0 

37.3 

62.7 

68.6 

67.6 

29.4 

56.9 

58.8 

76.5 

52.9 

3.9 

35.3 

41.2 

74.5 

74.5 

45.1 

29.4 

66.7 

57.8 

63.7 

62.7 

31.4 

52.0 

33.3 

43.1 

82.4 

29.4 

24.5 

42.2 

54.9 

84.3 

58.8 

9.8 

58.8 

68.6 

62.7 

19.6 

41.2 

72.5 

58.8 

15.7 

39.2 

29.4 

72.5 

70.6 

76.5 

23.5 

21.6 

64.7 

80.4 

71.6 

56.9 

27.5 

13.7 

62.7 

74.5 

92.2 

15.7 

13.7 

38.2 

82.4 

94.1 

86.3 

13.7 

9.8 

17.6 

41.2 

39.2 

54.9 

27.5 

90.2 

52.9 

35.3 

26.5 

86.3 

31.4 

47.1 

76.5 

24.5 

47.1 

74.5 

80.4 

35.3 

45.1 

49.0 

48.0 

58.8 

88.2 

43.1 

15.7 

3.9 

76.5 

90.2 

76.5 

25.5 

9.8 

76.5 

60.8 

88.2 

45.1 

60.8 

54.9 

15.7 

70.6 

31.4 

49.0 

52.9 

82.4 

37.3 

25.5 

37.3 

79.4 

82.4 

37.3 

34.3 

29.4 

62.7 

58.8 

56.9 

58.8 

19.6 

49.0 

51.0 

29.4 

94.1 

29.4 

41.2 

29.4 

53.9 

96.1 

49.0 

60.8 

72.5 

48.0 

11.8 

43.1 

74.5 

62.7 

70.6 

27.5 

19.6 

78.4 

58.8 

94.1 

66.7 

13.7 

51.0 

64.7 

39.2 

64.7 

39.2 

17.6 

56.9 

76.5 

82.4 

47.1 

5.9 

21.6 

90.2 

90.2 

86.3 

68.6 

5.9 

22.5 

76.5 

56.5 

47.4 

51.0 

37.3 

69.3 

41.8 

52.6 

28.8 

71.5 

31.1 

52.3 

49.0 

58.2 

56.9 

51.6 

59.5 

36.6 

57.8 

60.1 

30.4 

41.8 

55.5 

49.0 

52.9 

52.9 

48.7 

37.9 

45.1 

51.0 

43.5 

52.3 

42.2 

45.8 

44.8 

43.8 

50.3 

58.2 

45.1 

44.8 

50.7 

53.6 

46.4 

60.5 

47.1 

48.4 

49.0 

51.6 

53.6 

52.9 

57.5 

47.1 

39.9 

60.1 

47.7 

45.4 

45.7 

57.5 

36.6 

43.1 

51.0 

47.1 

35.9 

53.6 

50.3 

42.5 

65.4 

30.1 

47.1 

60.8 

47.7 

32.7 

64.1 

34.6 

45.7 

60.1 

52.3 

39.9 

56.9 

63.7 

49.3 

57.2 

44.1 

42.2 

47.7 

54.2 

62.1 

48.4 

23.5 

52.9 

44.8 

62.4 

61.8 

59.5 

53.6 

45.7 

31.7 

52.9 

49.3 

40.5 

28.8 

78.4 

49.0 

51.6 

35.6 

62.8 

49.0 

43.8 

69.3 

56.9 

47.7 

54.3 

59.8 

34.6 

57.5 

49.0 

40.8 

58.2 

61.4 

58.2 

37.9 

13.1 

64.1 

69.9 

69.3 

47.1 

44.1 

59.5 

44.1 

75.2 

48.5 

49.5 

38.4 

53.3 

59.3 

46.6 

41.4 

51.6 

52.2 

41.8 

60.6 

51.3 

48.5 

54.3 

56.7 

49.3 

51.1 

52.1 

47.6 

44.0 

54.4 

55.9 

45.2 

33.8 

56.9 

50.0 

53.2 

51.2 

50.4 

48.1 

48.9 

49.8 

962. Diffusion index of initial claims 

[Percent 

insurance, State programs—51 areas 

" »P»»1 Average for period 

52.9 

60.8 

37.3 

3.9 

98.0 

41.2 

23.5 

3.9 

96.1 

19.6 

47.1 

80.4 

54.9 

76.5 

78.4 

88.2 

11.8 

76.5 

64.7 

2.0 

52.9 

78.4 

66.7 

10.8 

2.0 

76.5 

74.5 

76.5 

46.1 

2.0 

76.5 

11.8 

54.9 

43.1 

20.6 

9.8 

96.1 

31.4 

31.4 

7.8 

94.1 

15.7 

52.9 

82.4 

64.7 

74.5 

78.4 

90.2 

15.7 

86.3 

43.1 

2.0 

60.8 

72.5 

60.8 

21.6 

2.0 

69.6 

70.6 

56.9 

27.5 

2.0 

81.4 

31.4 

41.2 

31.4 

24.5 

23.5 

94.1 

25.5 

31.4 

16.7 

76.5 

31.4 

70.6 

54.9 

72.5 

88.2 

88.2 

72.5 

25.5 

74.5 

31.4 

0 

70.6 

62.7 

51.0 

9.8 

21.6 

70.6 

68.6 

47.1 

25.5 

9.8 

70.6 

43.1 

35.3 

74.5 

5.9 

17.6 

80.4 

39.2 

43.1 

33.3 

58.8 

17.6 

68.6 

60.8 

67.6 

80.4 

86.3 

70.6 

35.3 

68.6 

43.1 

3.9 

45.1 

84.3 

37.3 

21.6 

51.0 

22.5 

57.8 

52.9 

56.9 

19.6 

19.6 

15.7 

35.3 33.3 

70.6 84.3 

11.8 5.9 

21.6 33.3 

94.1 

43.1 

13.7 

39.2 

76.5 

5.9 

84.3 

47.1 

51.0 

84.3 

84.3 

80.4 

45.1 

68.6 

37.3 

0 

47.1 

82.4 

35.3 

7.8 

58.8 

29.4 

53.9 

60.8 

49.0 

3.9 

19.6 

23.5 

86.3 

31.4 

9.8 

74.5 

37.3 

3.9 

78.4 

35.3 

82.4 

86.3 

82.4 

70.6 

43.1 

94.1 

37.3 

2.0 

52.9 

58.8 

33.3 

13.7 

75.5 

17.6 

74.5 

60.8 

31.4 

7.8 

5.9 

9.8 

41.2 

76.5 

2.0 

76.5 

60.8 

41.2 

0 

96.1 

15.7 

5.9 

86.3 

25.5 

80.4 

61.8 

90.2 

62.7 

82.4 

79.4 

35.3 

5.9 

41.2 

78.4 

7.8 

9.8 

92.2 

17.6 

65.7 

51.0 

21.6 

58.8 

17.6 

17.6 

25.5 

47.1 

2.0 

88.2 

70.6 

43.1 

3.9 

90.2 

27.5 

23.5 

94.1 

45.1 

17.6 

64.7 

90.2 

29.4 

80.4 

53.9 

12.7 

13.7 

84.3 

76.5 

21.6 

2.0 

82.4 

62.7 

82.4 

76.5 

25.5 

23.5 

9.8 

72.5 

21.6 

82.4 

3.9 

94.1 

56.9 

9.8 

5.9 

98.0 

31.4 

9.8 

88.2 

17.6 

72.5 

100.0 

88.2 

5.9 

62.7 

60.8 

3.9 

70.6 

70.6 

45.1 

2.0 

0 

98.0 

56.9 

68.6 

15.7 

47.1 

96.1 

27.5 

82.4 

35.3 

60.8 

7.8 

98.0 

39.2 

47.1 

3.9 

98.0 

3.9 

3.9 

96.1 

60.8 

88.2 

64.7 

62.7 

12.7 

86.3 

54.9 

2.0 

51.0 

41.2 

96.1 

15.7 

3.9 

92.2 

37.3 

70.6 

51.0 

35.3 

96.1 

11.8 

71.6 

25.5 

58.8 

9.8 

94.1 

60.8 

56.9 

0 

100.0 

7.8 

5.9 

90.2 

70.6 

54.9 

72.5 

96.1 

5.9 

88.2 

41.2 

2.0 

25.5 

84.3 

88.2 

15.7 

0 

88.2 

88.2 

78.4 

66.7 

33.3 

88.2 

5.9 

66.7 

60.8 

21.6 

70.6 

2.0 

92.2 

37.3 

41.2 

0 

98.0 

35.3 

15.7 

82.4 

46.1 

74.5 

66.7 

92.2 

7.8 

74.5 

62.7 

2.0 

49.0 

90.2 

78.4 

23.5 

0 

88.2 

88.2 

86.3 

29.4 

5.9 

88.2 

7.8 

84.3 

49.7 

45.1 

27.5 

12.4 

96.1 

32.7 

28.8 

9.5 

88.9 

22.2 

56.9 

72.6 

64.0 

79.7 

81.7 

83.6 

17.7 

79.1 

46.4 

1.3 

61.4 

71.2 

59.5 

14.1 

8.5 

72.2 

71.2 

60.2 

33.0 

4.6 

76.2 

28.8 

34.6 

76.5 

7.9 

24.2 

86.9 

37.9 

22.2 

49.0 

57.5 

9.1 

77.1 

47.7 

67.0 

83.7 

84.3 

73.9 

41.2 

77.1 

39.2 

2.0 

48.4 

75.2 

35.3 

14.4 

61.8 

23.2 

62.1 

58.2 

45.8 

10.4 

15.0 

16.3 

29.4 

68.7 

2.6 

86.3 

62.8 

31.4 

3.3 

94.8 

24.9 

13.1 

89.5 

29.4 

56.8 

75.5 

89.5 

32.7 

75.2 

64.7 

17.3 

30.1 

65.4 

66.7 

10.5 

3.9 

90.9 

45.7 

72.2 

47.7 

31.4 

59.5 

18.3 

57.5 

27.5 

63.4 

6.5 

94.8 

45.8 

48.4 

1.3 

98.7 

15.7 

8.5 

89.6 

59.2 

72.5 

68.0 

83.7 

8.8 

83.0 

52.9 

2.0 

41.8 

71.9 

87.6 

18.3 

1.3 

89.5 

71.2 

78.4 

49.0 

24.8 

90.8 

8.5 

74.2 

35.3 

63.4 

11.1 

54.4 

72.9 

37.6 

13.9 

63.0 

46.7 

13.2 

78.3 

52.2 

65.1 

76.7 

84.8 

49.7 

54.2 

68.5 

26.2 

18.8 

61.8 

75.2 

30.9 

8.4 

62.7 

53.1 

71.0 

53.8 

33.8 

41.3 

29.5 

44.2 

963. Diffusion index of employees or 

[Percent i 

private nonafricuKuraJ payrok—172-186 

spans] Average for period 

83.0 

67.5 

40.8 

56.9 

57.5 

57.2 

70.4 

73.1 

63.8 

45.3 

64.5 

50.9 

41.6 

71.5 

67.7 

60.8 

20.4 

73.7 

69.1 

65.9 

64.2 

53.2 

57.8 

28.5 

11.0 

64.4 

70.9 

36.2 

72.5 

46.4 

70.1 

70.4 

79.3 

42.2 

72.7 

69.5 

44.8 

37.5 

74.2 

78.0 

58.3 

23.9 

70.4 

64.2 

63.7 

61.6 

52.7 

52.4 

45.4 

17.3 

77.3 

46.3 

55.1 

60.8 

65.9 

61.7 

76.3 

81.4 

50.3 

59.6 

66.0 

39.0 

41.0 

67.2 

67.2 

47.6 

28.2 

67.5 

73.7 

70.4 

65.6 

46.2 

52.2 

36.0 

19.2 

77.6 

52.1 

55.1 

71.6 

65.9 

65.9 

71.6 

74.9 

49.1 

65.1 

62.2 

30.8 

57.6 

62.1 

60.5 

51.1 

41.1 

70.2 

72.3 

72.0 

51.6 

32.0 

65.6 

39.0 

35.8 

79.8 

43.9 

69.5 

62.9 

64.4 

69.2 

65.3 

71.6 

47.4 

58.7 

59.3 

25.6 

65.7 

62.1 

50.3 

50.5 

51.9 

59.7 

70.4 

64.2 

61.8 

31.2 

60.2 

47.6 

50.3 

69.6 

37.4 

70.1 

57.2 

53.0 

62.3 

66.8 

77.8 

57.8 

69.2 

70.1 

34.6 

38.4 

65.1 

57.3 

48.9 

44.6 

53.0 

65.1 

69.9 

62.4 

30.9 

58.9 

32.8 

54.4 

65.0 

43.3 

62.6 

53.3 

61.4 

72.8 

77.8 

65.9 

51.5 

64.2 

62.2 

51.2 

57.3 

46.5 

53.0 

50.3 

57.8 

58.3 

64.8 

60.8 

54.3 

34.9 

62.6 

38.4 

72.3 

55.5 

39.3 

69.5 

63.2 

61.7 

62.3 

64.1 

66.5 

63.7 

66.3 

58.7 

31.4 

49.1 

60.8 

54.3 

42.7 

69.6 

54.0 

61.0 

64.5 

53.5 

62.1 

49.5 

37.1 

84.0 

72.1 

34.0 

53.9 

53.6 

61.7 

80.8 

79.0 

42.5 

50.9 

58.7 

42.2 

48.0 

77.0 

62.1 

51.1 

34.4 

66.9 

64.0 

66.7 

63.7 

48.9 

55.4 

42.2 

34.1 

68.6 

48.2 

35.0 

69.5 

57.2 

60.5 

56.0 

74.6 

67.1 

53.5 

69.5 

55.8 

28.5 

46.8 

64.8 

64.5 

38.4 

65.6 

48.7 

63.2 

67.2 

61.8 

64.5 

33.3 

29.3 

74.2 

58.3 

29.1 

70.4 

46.1 

47.6 

65.6 

79.9 

64.7 

70.9 

74.4 

54.4 

28.2 

63.1 

72.0 

75.5 

26.1 

59.1 

61.8 

68.8 

71.8 

50.3 

62.1 

29.3 

32.0 

71.1 

73.6 

21.2 

68.6 

50.0 

58.4 

68.9 

80.5 

65.0 

66.3 

67.2 

59.3 

41.9 

62.5 

72.3 

69.4 

22.0 

68.5 

59.7 

71.8 

70.7 

51.1 

59.7 

30.9 

42.2 

74.9 

61.6 

44.0 

63.4 

56.6 

63.0 

72.4 

77.9 

52.1 

59.2 

66.7 

44.9 

40.0 

71.0 

71.0 

55.6 

24.2 

70.5 

69.0 

66.7 

63.8 

50.7 

54.1 

36.6 

35.1 

75.7 

44.5 

64.9 

63.9 

61.1 

65.8 

67.9 

74.8 

51.4 

64.3 

63.9 

30.3 

53.9 

63.1 

56.0 

50.2 

45.9 

61.0 

69.3 

68.7 

58.6 

31.4 

61.6 

39.8 

70.2 

64.2 

38.9 

62.0 

56.7 

61.6 

72.0 

73.6 

58.3 

55.4 

63.1 

54.4 

43.5 

61.1 

56.5 

52.8 

42.5 

64.8 

58.8 

64.2 

63.0 

52.2 

50.8 

51.4 

36.5 

71.3 

60.0 

28.4 

69.5 

51.1 

55.5 

63.5 

78.3 

65.6 

63.6 

70.4 

56.5 

32.9 

57.5 

69.7 

69.8 

28.8 

64.4 

56.7 

67.9 

69.9 

54.4 

62.1 

31.2 

34.5 

68.7 

43.3 

60.1 

58.8 

58.7 

66.1 

73.1 

69.2 

55.6 

64.2 

60.4 

37.9 

53.1 

65.1 

62.4 

44.3 

49.8 

61.8 

67.6 

67.1 

57.3 

48.7 

49.6 

36.9 

See footnotes at end of this part. 139 

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Year Jan. Feb. Mar. Apr. May 

Monthly 

June July Aug. Sept. Oct. Nov. Dec. 1Q_ 

Quarterly 

HO 111 Q IV Q 

Annual 

963. Diffusion index of employees on private nonafricurtural payrok-172-186 industries 

[Percent rising over 6-month spans] Average for period 

1947 

1948 

1949 

1950 

1951 

1952 

1953 

1954 

1955 

1956 

1957 

1958 

1959 92.1 

1960 70.2 

1961 24.2 

1962 77.5 

1963 58.4 

1964 66.5 

1965 80.8 

1966 88.3 

1967 61.1 

1968 73.5 

1969 76.7 

1970 41.0 

1971 38.4 

1972 82.0 

1973 85.8 

1974 66.7 

1975 12.1 

1976 83.1 

1977 83.3 

1978 80.6 

1979 72.3 

1980 41.1 

1981 68.5 

1982 20.2 

1947 

1948 

1949 

1950 66.7 

1951 73.8 

1952 40.5 

1953 66.7 

1954 42.9 

1955 77.1 

1956 31.4 

1957 38.6 

1958 54.3 

1959 70.0 

1960 28.6 

1961 37.1 

1962 57.1 

1963 62.9 

1964 80.0 

1965 54.3 

1966 48.6 

1967 48.6 

1968 48.6 

1969 54.3 

1970 50.0 

1971 57.1 

1972 57.1 

1973 57.1 

1974 60.0 

1975 54.3 

1976 64.3 

1977 47.1 

1978 38.2 

1979 58.8 

1980 64.7 

1981 41.2 

1982 38.2 

1947 

1948 

1949 

1950 90.5 

1951 57.1 

1952 33.3 

1953 66.7 

1954 34.3 

1955 94.3 

1956 64.3 

1957 37.1 

1958 31.4 

1959 91.4 

1960 44.3 

1961 48.6 

1962 68.6 

1963 81.4 

1964 91.4 

89.9 

66.9 

28.2 

77.2 

63.8 

71.9 

78.4 

85.9 

53.6 

70.9 

71.2 

34.9 

43.6 

83.4 

82.0 

59.9 

14.2 

83.9 

85.2 

81.2 

71.0 

34.1 

65.3 

23.7 

89.3 

54.6 

55.8 

75.4 

64.4 

74.3 

81.1 

85.9 

52.1 

75.0 

73.5 

28.2 

44.2 

86.3 

74.5 

53.8 

20.2 

77.4 

83.6 

82.0 

68.8 

30.4 

63.7 

25.3 

15.4 

83.4 

46.6 

59.0 

71.3 

66.8 

78.1 

80.5 

81.7 

48.8 

77.9 

77.3 

30.5 

49.4 

77.7 

68.8 

51.9 

31.2 

74.7 

79.8 

76.6 

63.7 

24.2 

69.4 

29.8 

23.9 

81.3 

38.3 

73.7 

68.0 

74.3 

74.9 

82.3 

79.0 

52.3 

73.5 

77.0 

20.3 

50.6 

72.3 

63.2 

44.9 

48.9 

70.4 

79.0 

78.5 

59.4 

26.3 

64.2 

26.1 

49.4 

77.3 

36.5 

71.6 

67.4 

71.3 

80.5 

85.9 

74.3 

51.7 

75.3 

70.6 

22.7 

61.6 

71.8 

57.5 

41.1 

57.0 

71.8 

77.7 

76.6 

53.5 

27.2 

58.6 

26.1 

66.4 

66.0 

26.7 

78.1 

61.1 

68.6 

78.7 

86.8 

77.2 

59.6 

78.5 

67.7 

24.1 

55.2 

73.7 

61.6 

37.1 

67.2 

62.9 

73.9 

71.5 

58.1 

34.4 

45.7 

23.4 

76.4 

60.4 

24.5 

76.9 

50.9 

61.7 

82.6 

87.4 

74.9 

66.0 

78.5 

59.3 

24.1 

56.1 

76.9 

70.2 

32.0 

69.6 

66.1 

74.7 

75.5 

49.2 

44.1 

34.4 

19.1 

63.5 

21.5 

75.7 

49.7 

65.9 

82.6 

89.2 

71.3 

67.7 

77.6 

57.3 

28.8 

62.8 

76.1 

71.2 

23.9 

75.3 

65.1 

76.3 

76.6 

49.7 

57.8 

29.6 

21.2 

87.4 

66.6 

19.9 

70.4 

52.4 

64.7 

79.3 

87.4 

68.0 

64.2 

77.0 

54.7 

27.6 

70.3 

79.3 

71.0 

20.2 

78.8 

68.8 

78.2 

78.2 

50.8 

73.1 

24.2 

26.1 

90.3 

72.4 

20.2 

73.1 

45.5 

65.6 

82.0 

89.2 

65.0 

66.9 

76.5 

53.5 

30.5 

77.6 

82.8 

73.4 

16.9 

81.7 

72.0 

80.1 

73.1 

53.8 

68.0 

25.0 

26.6 

63.5 

20.9 

72.5 

54.2 

67.7 

82.0 

90.7 

65.0 

70.9 

76.7 

49.7 

26.7 

77.6 

82.5 

72.3 

13.4 

80.6 

73.9 

79.8 

74.2 

51.9 

68.8 

22.0 

35.8 

90.4 

63.9 

36.1 

76.7 

62.2 

70.9 

80.1 

86.7 

55.6 

73.1 

73.8 

34.7 

42.1 

83.9 

80.8 

60.1 

15.5 

81.5 

84.0 

81.3 

70.7 

35.2 

65.8 

23.1 

29.6 

80.7 

40.5 

68.1 

68.9 

70.8 

77.8 

82.9 

78.3 

50.9 

75.6 

75.0 

24.5 

53.9 

73.9 

63.2 

46.0 

45.7 

72.3 

78.8 

77.2 

58.9 

25.9 

64.1 

27.3 

74.5 

63.3 

24.2 

76.9 

53.9 

65.4 

81.3 

87.8 

74.5 

64.4 

78.2 

61.4 

25.7 

58.0 

75.6 

67.7 

31.0 

70.7 

64.7 

75.0 

74.5 

52.3 

45.4 

36.6 

21.2 

88.2 

67.5 

20.3 

72.0 

50.7 

66.0 

81.1 

89.1 

66.0 

67.3 

76.7 

52.6 

28.3 

75.2 

81.5 

72.2 

16.8 

80.4 

71.6 

79.4 

75.2 

52.2 

70.0 

23.7 

29.5 

75.5 

37.2 

63.3 

62.6 

66.1 

77.8 

85.0 

76.4 

59.6 

75.9 

65.7 

28.3 

57.3 

78.7 

71.0 

38.5 

53.1 

72.5 

79.3 

77.0 

58.5 

44.1 

47.6 

25.3 

964. Diffusion index of manufacturers' n 

[Percent rising o 

34-35 durable goods 

Average for period 

52.4 

57.1 

31.0 

57.1 

28.6 

65.7 

67.1 

28.6 

60.0 

28.6 

67.1 

48.6 

58.6 

60.0 

70.0 

32.9 

37.1 

72.9 

45.7 

38.6 

64.3 

55.7 

51.4 

62.9 

62.9 

65.7 

45.7 

71.4 

54.4 

64.7 

57.4 

47.1 

50.0 

47.1 

38.1 31.0 38.1 

57.1 76.2 81.0 

52.4 47.6 52.4 

45.2 61.9 19.0 

38.6 68.6 27.1 

31.4 51.4 44.3 

57.1 28.6 

52.4 95.2 

28.6 47.6 

61.9 66.7 

14.3 77.1 

65.7 77.1 

66.7 85.7 

83.3 31.0 

38.1 23.8 

28.6 66.7 

20.0 47.1 

58.6 57.1 

72.9 

57.1 

38.6 

37.1 

68.6 

44.3 

62.9 

38.6 

52.9 

65.7 

62.9 

71.4 

42.9 

57.1 

54.3 

34.3 

48.6 

60.0 

68.6 

54.3 

34.3 

61.4 

72.1 

61.8 

73.5 

35.3 

50.0 

45.6 

35.7 

67.1 

20.0 

45.7 

25.7 

55.7 

65.7 

54.3 

65.7 

61.4 

55.7 

40.0 

48.6 

44.3 

55.7 

54.3 

54.3 

62.9 

38.6 

65.7 

80.0 

57.1 

58.8 

83.8 

42.6 

17.6 

64.7 

47.1 

57.1 

51.4 

60.0 

54.3 

48.6 

40.0 

62.9 

57.1 

61.4 

60.0 

42.9 

50.0 

61.4 

47.1 

37.1 

57.1 

60.0 

54.3 

62.9 

74.3 

51.4 

62.9 

57.4 

55.9 

67.6 

35.3 

52.9 

61.8 

87.1 

50.0 

50.0 

68.6 

67.1 

45.7 

68.6 

47.1 

51.4 

60.0 

67.1 

62.9 

68.6 

54.3 

42.9 

51.4 

47.1 

60.0 

42.9 

48.6 

47.1 

52.9 

54.4 

58.8 

29.4 

57.4 

52.9 

35.3 

45.7 

25.7 

41.4 

54.3 

55.7 

42.9 

44.3 

48.6 

70.0 

68.6 

61.4 

47.1 

37.1 

51.4 

45.7 

51.4 

55.7 

54.3 

54.3 

57.1 

80.0 

70.0 

50.0 

44.1 

38.2 

67.6 

35.3 

50.0 

65.7 

68.6 

57.1 

67.1 

25.7 

54.3 

68.6 

55.7 

48.6 

41.4 

45.7 

57.1 

71.4 

51.4 

42.9 

41.4 

57.1 

77.1 

48.6 

37.1 

48.6 

45.7 

72.1 

70.6 

61.8 

61.8 

35.3 

38.2 

40.0 

40.0 

52.9 

57.1 

84.3 

45.7 

54.3 

61.4 

57.1 

64.3 

64.3 

52.9 

40.0 

78.6 

72.9 

71.4 

42.9 

65.7 

51.4 

45.7 

51.4 

54.3 

58.8 

55.9 

61.8 

82.4 

47.1 

50.0 

19.0 

33.3 

81.0 

64.3 

32.9 

58.6 

68.6 

75.7 

35.7 

48.6 

37.1 

44.3 

55.7 

51.4 

62.9 

50.0 

57.1 

42.9 

48.6 

65.7 

50.0 

5.7 

44.3 

42.9 

65.7 

31.4 

60.0 

48.6 

50.0 

79.4 

50.0 

69.1 

36.8 

38.2 

83.3 

57.1 

38.1 

38.1 

45.7 

48.6 

58.6 

80.0 

44.3 

82.9 

30.0 

38.6 

51.4 

62.9 

42.9 

55.7 

80.0 

42.9 

68.6 

42.9 

42.9 

62.9 

60.0 

71.4 

62.9 

30.0 

57.1 

65.7 

64.7 

44.1 

48.5 

50.0 

50.0 

70.6 

52.4 

85.7 

33.3 

57.1 

60.0 

71.4 

45.7 

38.6 

14.3 

38.6 

67.1 

54.3 

40.0 

40.0 

57.1 

58.6 

71.4 

51.4 

65.7 

47.1 

51.4 

65.7 

68.6 

68.6 

37.1 

25.7 

51.4 

71.4 

67.6 

55.9 

55.9 

58.8 

35.3 

41.2 

60.3 

52.4 

47.6 

44.6 

46.7 

72.4 

39.0 

45.7 

40.0 

68.6 

40.5 

52.9 

51.9 

61.9 

59.5 

51.4 

64.3 

45.7 

48.1 

57.6 

46.7 

52.4 

60.0 

62.9 

60.0 

44.8 

65.7 

57.9 

54.9 

63.2 

49.0 

47.1 

43.6 

42.1 

69.9 

42.9 

47.6 

36.7 

53.8 

60.0 

56.2 

43.3 

56.2 

47.1 

47.1 

65.7 

52.8 

59.5 

60.5 

55.2 

51.0 

59.5 

48.6 

45.2 

54.3 

53.8 

59.1 

48.1 

62.9 

59.5 

57.6 

56.9 

66.2 

46.5 

36.8 

56.8 

48.1 

60.3 

69.8 

36.5 

54.0 

48.1 

64.3 

50.5 

44.8 

50.5 

59.5 

55.2 

47.6 

55.7 

55.2 

58.6 

58.1 

57.1 

52.4 

49.5 

60.5 

53.8 

54.7 

51.9 

65.7 

51.4 

46.6 

60.0 

56.7 

60.3 

56.9 

53.9 

70.6 

39.2 

46.1 

51.6 

58.7 

50.8 

53.2 

46.2 

59.5 

57.6 

64.8 

31.4 

56.7 

44.7 

45.7 

49.0 

51.4 

54.3 

54.8 

69.5 

45.7 

61.0 

51.9 

48.1 

44.8 

57.6 

61.0 

55.2 

29.0 

56.2 

61.9 

60.8 

59.8 

51.5 

59.3 

40.7 

50.0 

64.7 

45.6 

50.6 

43.9 

56.1 

60.1 

51.2 

42.7 

53.1 

53.9 

45.2 

55.8 

52.8 

58.6 

58.2 

58.3 

53.3 

53.9 

52.3 

51.2 

50.1 

53.9 

61.4 

54.4 

49.6 

55.1 

60.5 

59.0 

59.4 

53.8 

53.9 

46.0 

46.9 

964. Diffusion index of manufacturers' n 

[Percent rising o 

v orders—34-35 durable goods industries 

n 9-month spans] Average for period 

95.2 

57.1 

66.7 

47.6 

44.3 

85.7 

68.6 

45.7 

51.4 

94.3 

34.3 

67.1 

60.0 

70.0 

92.9 

100.0 

47.6 

42.9 

52.4 

55.7 

88.6 

34.3 

25.7 

61.4 

78.6 

34.3 

62.9 

57.1 

71.4 

74.3 

100.0 

50.0 

26.2 

28.6 

65.7 

94.3 

40.0 

17.1 

74.3 

68.6 

51.4 

82.9 

62.9 

68.6 

80.0 

100.0 

9.5 

50.0 

42.9 

65.7 

88.6 

21.4 

18.6 

80.0 

88.6 

37.1 

68.6 

65.7 

71.4 

85.7 

52.4 

100.0 

9.5 

57.1 

5.7 

91.4 

80.0 

51.4 

14.3 

77.1 

71.4 

37.1 

85.7 

62.9 

62.9 

74.3 

66.7 

95.2 

23.8 

38.1 

7.1 

65.7 

74.3 

68.6 

20.0 

85.7 

47.1 

34.3 

77.1 

62.9 

44.3 

71.4 

57.1 

95.2 

9.5 

52.4 

8.6 

94.3 

71.4 

64.3 

17.1 

68.6 

51.4 

44.3 

71.4 

60.0 

62.9 

80.0 

95.2 

100.0 

4.8 

52.4 

7.1 

88.6 

87.1 

38.6 

25.7 

82.9 

41.4 

31.4 

71.4 

68.6 

77.1 

80.0 

85.7 

90.5 

9.5 

85.7 

11.4 

94.3 

68.6 

54.3 

28.6 

85.7 

42.9 

37.1 

75.7 

64.3 

61.4 

74.3 

95.2 

95.2 

28.6 

47.6 

27.1 

91.4 

68.6 

41.4 

28.6 

85.7 

22.9 

42.9 

72.9 

80.0 

77.1 

77.1 

90.5 

85.7 

38.1 

66.7 

22.9 

88.6 

71.4 

51.4 

25.7 

94.3 

34.3 

61.4 

91.4 

77.1 

80.0 

80.0 

95.2 

53.9 

47.6 

55.6 

44.8 

89.5 

55.7 

36.2 

48.1 

88.1 

37.6 

59.5 

61.9 

74.3 

86.2 

100.0 

23.0 

44.4 

25.7 

74.3 

87.6 

37.6 

16.7 

77.1 

76.2 

41.9 

79.1 

63.8 

67.6 

80.0 

73.0 

96.8 

12.7 

47.6 

7.6 

82.9 

77.6 

57.2 

20.9 

79.1 

46.6 

36.7 

73.3 

63.8 

61.4 

77.1 

90.5 

90.5 

25.4 

66.7 

20.5 

91.4 

69.5 

49.0 

27.6 

88.6 

33.4 

47.1 

80.0 

73.8 

72.8 

77.1 

95.6 

28.8 

51.6 

27.3 

73.3 

81.1 

49.9 

25.4 

73.2 

61.1 

40.8 

73.0 

65.8 

69.0 

80.1 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

78.6 

97.1 

42.9 

58.6 

68.6 

40.0 

68.6 

91.4 

88.6 

82.9 

25.7 

91.4 

94.1 

88.2 

82.4 

26.5 

82.4 

23.5 

88.6 

91.4 

44.3 

71.4 

74.3 

20.0 

68.6 

91.4 

85.7 

80.0 

28.6 

87.1 

97.1 

94.1 

79.4 

35.3 

79.4 

26.5 

82.9 

85.7 

42.9 

74.3 

60.0 

34.3 

75.7 

91.4 

84.3 

68.6 

45.7 

94.3 

82.4 

73.5 

64.7 

29.4 

64.7 

33.8 

80.0 

81.4 

58.6 

54.3 

60.0 

22.9 

71.4 

85.7 

80.0 

65.7 

62.9 

80.0 

79.4 

79.4 

70.6 

45.6 

55.9 

26.5 

80.0 

68.6 

51.4 

52.9 

74.3 

34.3 

57.1 

80.0 

78.6 

62.9 

58.6 

97.1 

85.3 

85.3 

61.8 

55.9 

41.2 

23.5 

81.4 

62.9 

62.9 

72.9 

62.9 

31.4 

61.4 

85.7 

81.4 

48.6 

65.7 

85.7 

88.2 

94.1 

73.5 

47.1 

32.4 

41.2 

91.4 

48.6 

65.7 

68.6 

52.9 

50.0 

68.6 

80.0 

72.9 

42.9 

80.0 

85.7 

94.1 

88.2 

58.8 

44.1 

32.4 

23.5 

82.9 

31.4 

80.0 

74.3 

54.3 

62.9 

80.0 

88.6 

62.9 

31.4 

77.1 

80.0 

91.2 

82.4 

47.1 

72.1 

26.5 

32.4 

85.7 

40.0 

78.6 

77.1 

31.4 

57.1 

82.9 

82.9 

68.6 

34.3 

74.3 

82.4 

79.4 

69.1 

79.4 

79.4 

14.7 

52.9 

91.4 

34.3 

72.9 

84.3 

34.3 

54.3 

77.1 

88.6 

80.0 

17.1 

80.0 

76.5 

88.2 

85.3 

73.5 

85.3 

29.4 

44.1 

94.3 

34.3 

68.6 

82.9 

34.3 

60.0 

82.9 

88.6 

75.7 

17.1 

91.4 

82.4 

85.3 

85.3 

52.9 

82.4 

20.6 

50.0 

97.1 

40.0 

71.4 

91.4 

22.9 

60.0 

94.3 

91.4 

71.4 

28.6 

85.7 

85.3 

94.1 

88.2 

41.2 

79.4 

14.7 

67.6 

83.4 

91.4 

43.4 

68.1 

67.6 

31.4 

71.0 

91.4 

86.2 

77.2 

33.3 

90.9 

91.2 

85.3 

75.5 

30.4 

75.5 

27.9 

80.5 

71.0 

57.6 

60.0 

65.7 

29.5 

63.3 

83.8 

80.0 

59.1 

62.4 

87.6 

84.3 

86.3 

68.6 

49.5 

43.2 

30.4 

86.7 

40.0 

74.8 

73.3 

46.2 

56.7 

77.2 

83.8 

68.1 

36.2 

77.1 

82.7 

88.2 

79.9 

61.8 

65.2 

24.5 

36.3 

94.3 

36.2 

71.0 

86.2 

30.5 

58.1 

84.8 

89.5 

75.7 

20.9 

85.7 

81.4 

89.2 

86.3 

55.9 

82.4 

21.6 

53.9 

86.2 

59.6 

61.7 

71.9 

52.5 

43.9 

74.0 

87.1 

77.5 

48.3 

64.6 

85.7 

88.2 

84.4 

65.4 

56.9 

41.2 

37.1 

140 

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Year 

Monthly 

Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. 

966. Diffusion index of industrial production—24 industries 

[Percent rising over 1-month spans] 

Quarterly 

JJL IIIQ IV Q 

Average for period 

Annual 

1947 

1948 54.2 

1949 20.8 

1950 72.9 

1951 54.2 

1952 75.0 

1953 52.1 

1954 35.4 

1955 89.6 

1956 58.3 

1957 45.8 

1958 20.8 

1959 83.3 

1960 66.7 

1961 70.8 

1962 16.7 

1963 58.3 

1964 85.4 

1965 77.1 

1966 70.8 

1967 66.7 

1968 56.2 

1969 68.8 

1970 29.2 

1971 60.4 

1972 83.3 

1973 58.3 

1974 22.9 

1975 25.0 

1976 79.2 

1977 58.3 

1978 39.6 

1979 62.5 

1980 70.8 

1981 83.3 

1982 33.3 

1947 

1948 75.0 

1949 12.5 

1950 97.9 

1951 62.5 

1952 66.7 

1953 77.1 

1954 25.0 

1955 95.8 

1956 79.2 

1957 58.3 

1958 8.3 

1959 100.0 

1960 79.2 

1961 50.0 

1962 79.2 

1963 91.7 

1964 95.8 

1965 83.3 

1966 91.7 

1967 50.0 

1968 95.8 

1969 79.2 

1970 25.0 

1971 62.5 

1972 100.0 

1973 83.3 

1974 45.8 

1975 8.3 

1976 83.3 

1977 83.3 

1978 83.3 

1979 62.5 

1980 25.0 

1981 79.2 

1982 0 

1947 

1948 

1949 30.8 

1950 61.5 

1951 92.3 

1952 23.1 

1953 26.9 

1954 46.2 

1955 76.9 

1956 46.2 

1957 34,6 

1958 46.2 

1959 42.3 

1960 65.4 

1961 38.5 

1962 69.2 

1963 53.8 

1964 57.7 

1965 26.9 

1966 69.2 

1967 53.8 

1968 50.0 

1969 50.0 

1970 57.7 

1971 34.6 

1972 76.9 

1973 84.6 

1974 73.1 

1975 38.5 

1976 65.4 

1977 69.2 

1978 69.2 

1979 61.5 

1980 50.0 

1981 30.8 

1982 42.3 

75.0 

54.2 

18.8 

77.1 

52.1 

75.0 

58.3 

66.7 

81.2 

43.8 

81.2 

6.2 

85.4 

50.0 

54.2 

77.1 

83.3 

68.8 

70.8 

62.5 

16.7 

85.4 

45.8 

43.8 

45.8 

72.9 

83.3 

62.5 

33.3 

85.4 

72.9 

47.9 

54.2 

20.8 

62.5 

75.0 

62.5 

52.1 

31.2 

79.2 

62.5 

52.1 

77.1 

58.3 

93.8 

47.9 

50.0 

31.2 

75.0 

47.9 

68.8 

70.8 

70.8 

43.8 

70.8 

79.2 

35.4 

58.3 

79.2 

43.8 

52.1 

77.1 

75.0 

64.6 

20.8 

66.7 

68.8 

85.4 

70.8 

41.7 

45.8 

31.3 

54.2 

58.3 

18.8 

87.5 

56.2 

45.8 

72.9 

41.7 

83.3 

85.4 

22.9 

27.1 

91.7 

41.7 

77.1 

64.6 

77.1 

89.6 

58.3 

62.5 

75.0 

58.3 

31.2 

54.2 

81.2 

85.4 

35.4 

43.8 

70.8 

58.3 

70.8 

87.5 

16.7 

16.7 

56.2 

20.8 

47.9 

58.3 

20.8 

81.2 

33.3 

62.5 

62.5 

83.3 

81.2 

18.8 

33.3 

68.8 

75.0 

37.5 

66.7 

52.1 

64.6 

85.4 

72.9 

75.0 

37.5 

91.7 

60.4 

43.8 

68.8 

66.7 

79.2 

75.0 

62.5 

68.8 

72.9 

54.2 

62.5 

16.7 

62.5 

41.7 

52.1 

58.3 

52.1 

95.8 

43.8 

66.7 

31.2 

64.6 

83.3 

27.1 

60.4 

93.8 

54.2 

22.9 

91.7 

41.7 

58.3 

56.2 

77.1 

58.3 

62.5 

58.3 

70.8 

43.8 

75.0 

75.0 

64.6 

58.3 

85.4 

75.0 

83.3 

83.3 

56.2 

14.6 

45.8 

54.2 

50.0 

50.0 

50.0 

97.9 

31.2 

45.8 

81.2 

58.3 

43.8 

60.4 

47.9 

87.5 

64.6 

35.4 

72.9 

58.3 

62.5 

79.2 

72.9 

70.8 

50.0 

45.8 

54.2 

54.2 

58.3 

66.7 

64.6 

45.8 

87.5 

56.2 

68.8 

70.8 

52.1 

39.6 

87.5 

60.4 

56.2 

52.1 

66.7 

87.5 

37.5 

91.7 

41.7 

47.9 

52.1 

68.8 

60.4 

83.3 

20.8 

33.3 

81.2 

56.2 

70.8 

66.7 

64.6 

54.2 

87.5 

66.7 

54.2 

33.3 

43.8 

87.5 

64.6 

41.7 

79.2 

62.5 

75.0 

83.3 

39.6 

70.8 

52.1 

52.1 

75.0 

20.8 

72.9 

45.8 

56.2 

81.2 

12.5 

62.5 

68.8 

54.2 

25.0 

83.3 

60.4 

25.0 

56.2 

77.1 

66.7 

62.5 

58.3 

70.8 

54.2 

54.2 

62.5 

50.0 

79.2 

85.4 

70.8 

31.2 

75.0 

47.9 

66.7 

70.8 

45.8 

66.7 

12.5 

41.7 

79.2 

54.2 

54.2 

70.8 

43.8 

75.0 

25.0 

81.2 

91.7 

64.6 

8.3 

68.8 

45.8 

47.9 

95.8 

27.1 

60.4 

58.3 

79.2 

62.5 

64.6 

66.7 

60.4 

50.0 

77.1 

75.0 

66.7 

25.0 

50.0 

56.2 

72.9 

66.7 

64.6 

79.2 

20.8 

25.0 

83.3 

27.1 

50.0 

64.6 

66.7 

93.8 

20.8 

95.8 

68.8 

47.9 

2.1 

87.5 

45.8 

25.0 

75.0 

77.1 

64.6 

77.1 

79.2 

47.9 

70.8 

77.1 

56.2 

29.2 

75.0 

85.4 

72.9 

4.2 

81.2 

62.5 

66.7 

79.2 

52.1 

91.7 

8.3 

33.3 

77.1 

27.1 

68.8 

62.5 

72.9 

58.3 

16.7 

83.3 

66.7 

68.8 

20.8 

58.3 

95.8 

18.8 

56.2 

66.7 

31.2 

77.1 

83.3 

50.0 

58.3 

50.0 

54.2 

66.7 

87.5 

70.8 

37.5 

4.2 

62.5 

66.7 

72.9 

87.5 

58.3 

66.7 

20.8 

41.7 

53.5 

23.6 

76.4 

56.3 

67.4 

62.5 

53.5 

88.2 

50.0 

59.0 

19.4 

81.2 

54.9 

64.6 

54.9 

70.8 

66.0 

72.9 

70.8 

39.6 

66.6 

64.6 

38.9 

52.8 

77.8 

72.2 

50.0 

26.4 

77.1 

66.7 

57.6 

62.5 

44.4 

63.9 

46.5 

51.4 

58.3 

30.6 

88.2 

44.4 

58.3 

55.5 

63.2 

82.6 

43.8 

38.9 

63.2 

73.6 

34.0 

78.5 

52.8 

66.7 

77.1 

69.4 

65.3 

58.3 

69.4 

54.1 

47.3 

75.0 

75.7 

59.7 

59.0 

72.9 

67.4 

75.7 

75.0 

45.1 

16.0 

54.8 

38.9 

60.4 

41.0 

63.2 

77.1 

41.6 

72.9 

45.1 

56.2 

54.9 

61.1 

44.4 

84.7 

48.6 

31.2 

70.1 

63.9 

66.7 

69.5 

65.3 

65.3 

63.9 

55.6 

57.0 

45.8 

60.4 

79.9 

66.7 

39.6 

80.6 

55.5 

70.2 

75.0 

45.8 

59.0 

50.7 

51.4 

79.9 

36.1 

57.7 

66.0 

61.1 

75.7 

20.8 

86.8 

75.7 

60.4 

10.4 

71.5 

62.5 

30.6 

75.7 

57.0 

52.1 

70.8 

80.6 

53.5 

64.6 

64.6 

56.9 

48.6 

79.9 

77.1 

59.0 

11.1 

64.6 

61.8 

70.8 

77.8 

58.3 

79.2 

16.6 

33.3 

47.2 

43.8 

76.9 

50.9 

68.6 

46.0 

64.9 

75.4 

53.8 

38.2 

59.7 

66.5 

37.7 

72.2 

57.1 

64.0 

70.8 

72.0 

63.7 

56.6 

64.1 

58.2 

45.2 

67.0 

77.6 

64.4 

39.9 

61.1 

65.4 

70.8 

71.4 

53.0 

49.7 

46.5 

42.5 

966. Diffusion index of industrial productJon-24 

[Percent rising over 6-month spans] Average for period 

79.2 

12.5 

100.0 

47.9 

62.5 

66.7 

43.8 

100.0 

62.5 

56.2 

16.7 

95.8 

87.5 

77.1 

75.0 

95.8 

100.0 

91.7 

95.8 

50.0 

89.6 

75.0 

33.3 

75.0 

91.7 

87.5 

37.5 

16.7 

75.0 

91.7 

79.2 

66.7 

16.7 

70.8 

12.5 

66.7 

20.8 

95.8 

37.5 

68.8 

62.5 

58.3 

100.0 

45.8 

54.2 

33.3 

91.7 

50.0 

91.7 

58.3 

100.0 

100.0 

79.2 

83.3 

41.7 

93.8 

75.0 

20.8 

70.8 

87.5 

83.3 

45.8 

54.2 

87.5 

91.7 

91.7 

50.0 

12.5 

58.3 

33.3 

62.5 

75.0 

27.1 

100.0 

29.2 

50.0 

75.0 

64.6 

93.8 

39.6 

54.2 

50.0 

83.3 

25.0 

91.7 

81.2 

87.5 

95.8 

87.5 

75.0 

41.7 

91.7 

66.7 

37.5 

70.8 

79.2 

95.8 

56.2 

70.8 

79.2 

83.3 

87.5 

56.2 

16.7 

54.2 

41.7 

45.8 

83.3 

41.7 

100.0 

35.4 

79.2 

58.3 

70.8 

95.8 

50.0 

37.5 

83.3 

79.2 

37.5 

100.0 

70.8 

95.8 

91.7 

87.5 

75.0 

72.9 

81.2 

75.0 

39.6 

75.0 

91.7 

87.5 

45.8 

83.3 

75.0 

87.5 

87.5 

54.2 

12.5 

58.3 

37.5 

45.8 

66.7 

52.1 

95.8 

39.6 

95.8 

45.8 

62.5 

87.5 

60.4 

27.1 

91.7 

62.5 

20.8 

91.7 

75.0 

89.6 

95.8 

79.2 

66.7 

85.4 

79.2 

66.7 

62.5 

75.0 

95.8 

83.3 

45.8 

87.5 

75.0 

83.3 

85.4 

45.8 

16.7 

45.8 

33.3 

64.6 

56.2 

54.2 

93.8 

37.5 

91.7 

20.8 

83.3 

100.0 

50.0 

22.9 

95.8 

45.8 

20.8 

100.0 

54.2 

87.5 

83.3 

91.7 

70.8 

70.8 

83.3 

87.5 

50.0 

70.8 

83.3 

87.5 

50.0 

87.5 

75.0 

89.6 

87.5 

66.7 

37.5 

31.3 

33.3 

83.3 

41.7 

54.2 

95.8 

37.5 

100.0 

18.8 

79.2 

87.5 

58.3 

6.2 

100.0 

35.4 

12.5 

100.0 

70.8 

83.3 

79.2 

95.8 

66.7 

87.5 

77.1 

60.4 

45.8 

75.0 

93.8 

83.3 

4.2 

95.8 

70.8 

87.5 

87.5 

50.0 

70.8 

20.8 

25.0 

87.5 

20.8 

64.6 

95.8 

39.6 

100.0 

16.7 

87.5 

87.5 

79.2 

12.5 

100.0 

62.5 

8.3 

95.8 

77.1 

70.8 

95.8 

87.5 

62.5 

83.3 

77.1 

45.8 

47.9 

83.3 

79.2 

66.7 

4.2 

91.7 

70.8 

83.3 

91.7 

54.2 

87.5 

16.7 

37.5 

89.6 

14.6 

83.3 

87.5 

58.3 

95.8 

8.3 

91.7 

91.7 

70.8 

4.2 

95.8 

70.8 

16.7 

87.5 

75.0 

83.3 

85.4 

91.7 

62.5 

87.5 

75.0 

39.6 

50.0 

95.8 

87.5 

52.1 

4.2 

95.8 

79.2 

75.0 

91.7 

66.7 

95.8 

8.3 

45.8 

95.8 

8.3 

85.4 

62.5 

75.0 

91.7 

18.8 

100.0 

79.2 

83.3 

2.1 

100.0 

83.3 

25.0 

95.8 

77.1 

87.5 

87.5 

91.7 

50.0 

89.6 

87.5 

35.4 

52.1 

95.8 

83.3 

58.3 

12.5 

91.7 

79.2 

79.2 

79.2 

62.5 

95.8 

8.3 

60.4 

83.3 

29.2 

91.7 

66.7 

66.7 

83.3 

25.0 

100.0 

75.0 

79.2 

4.2 

91.7 

77.1 

43.8 

91.7 

75.0 

75.0 

93.8 

95.8 

41.7 

91.7 

79.2 

33.3 

41.7 

93.8 

83.3 

45.8 

4.2 

91.7 

83.3 

75.0 

83.3 

41.7 

95.8 

10.4 

75.0 

73.6 

15.3 

97.9 

49.3 

66.0 

68.8 

42.4 

98.6 

62.5 

56.2 

19.4 

95.8 

72.2 

72.9 

70.8 

95.8 

98.6 

84.7 

90.3 

47.2 

93.1 

76.4 

26.4 

69.4 

93.1 

84.7 

43.0 

26.4 

81.9 

88.9 

84.7 

59.7 

18.1 

69.4 

15.3 

51.4 

75.0 

40.3 

98.6 

34.7 

75.0 

59.7 

66.0 

92.4 

50.0 

39.6 

75.0 

75.0 

27.8 

94.5 

75.7 

91.0 

94.4 

84.7 

72.2 

66.7 

84.0 

69.5 

46.5 

73.6 

88.9 

88.9 

49.3 

80.5 

76.4. 

84.7 

86.8 

52.1 

15.3 

52.8 

37.5 

78.5 

39.6 

57.7 

95.1 

38.2 

97.2 

18.8 

83.3 

91.7 

62.5 

13.9 

98.6 

47.9 

13.9 

98.6 

67.4 

80.5 

86.1 

91.7 

66.7 

80.5 

79.2 

64.6 

47.9 

76.4 

85.4 

79.2 

19.5 

91.7 

72.2 

86.8 

88.9 

57.0 

65.3 

22.9 

31.9 

19.6 

17.4 

86.8 

72.2 

66.7 

90.3 

17.4 

97.2 

82.0 

77.8 

3.5 

95.8 

77.1 

28.5 

91.7 

75.7 

81.9 

88.9 

93.1 

51.4 

89.6 

80.6 

36.1 

47.9 

95.1 

84.7 

52.1 

7.0 

93.1 

80.6 

76.4 

84.7 

57.0 

95.8 

9.0 

60.4 

51.4 

50.0 

91.0 

47.2 

82.1 

41.2 

72.2 

91.2 

63.2 

28.3 

72.2 

74.0 

35.6 

89.4 

72.4 

87.3 

92.0 

88.6 

70.1 

71.0 

84.2 

61.6 

42.2 

78.6 

88.0 

76.2 

29.7 

72.9 

77.8 

84.2 

86.3 

56.4 

48.6 

38.5 

36.3 

967. Diffusion index of spot market prices—13 raw industrial materials <$ 

[Percent rising over 1-month spans] Average for period 

23.1 

7.7 

26.9 

65.4 

26.9 

46.2 

34.6 

65.4 

50.0 

30.8 

38.5 

50.0 

46.2 

73.1 

34.6 

61.5 

50.0 

50.0 

50.0 

34.6 

38.5 

73.1 

46.2 

61.5 

73.1 

92.3 

73.1 

69.2 

61.5 

73.1 

34.6 

76.9 

73.1 

30.8 

34.6 

23.1 

26.9 

57.7 

34.6 

30.8 

46.2 

73.1 

42.3 

50.0 

46.2 

38.5 

73.1 

42.3 

80.8 

46.2 

46.2 

46.2 

73.1 

57.7 

26.9 

57.7 

53.8 

50.0 

73.1 

84.6 

69.2 

53.8 

30.8 

73.1 

80.8 

46.2 

76.9 

61.5 

65.4 

38.5 

53.8 

19.2 

61.5 

46.2 

23.1 

3.8 

73.1 

65.4 

42.3 

46.2 

38.5 

50.0 

50.0 

69.2 

38.5 

50.0 

69.2 

84.6 

50.0 

34.6 

34.6 

80.8 

50.0 

76.9 

69.2 

65.4 

61.5 

57.7 

65.4 

34.6 

50.0 

69.2 

11.5 

69.2 

30.8 

53.8 

42.3 

73.1 

30.8 

42.3 

57.7 

46.2 

38.5 

23.1 

42.3 

61.5 

57.7 

42.3 

57.7 

53.8 

46.2 

26.9 

57.7 

23.1 

34.6 

26.9 

50.0 

46.2 

38.5 

57.7 

73.1 

34.6 

30.8 

65.4 

34.6 

61.5 

42.3 

15.4 

26.9 

34.6 

42.3 

34.6 

76.9 

30.8 

50.0 

46.2 

69.2 

73.1 

26.9 

50.0 

73.1 

57.7 

57.7 

42.3 

30.8 

61.5 

26.9 

46.2 

34.6 

57.7 

42.3 

69.2 

30.8 

46.2 

53.8 

73.1 

46.2 

46.2 

69.2 

15.4 

80.8 

53.8 

0 

38.5 

23.1 

46.2 

53.8 

88.5 

11.5 

42.3 

42.3 

30.8 

76.9 

46.2 

38.5 

92.3 

53.8 

46.2 

53.8 

30.8 

34.6 

61.5 

38.5 

34.6 

26.9 

30.8 

73.1 

30.8 

46.2 

61.5 

69.2 

38.5 

57.7 

73.1 

34.6 

65.4 

46.2 

53.8 

61.5 

61.5 

50.0 

88.5 

96.2 

26.9 

46.2 

46.2 

42.3 

53.8 

73.1 

42.3 

76.9 

57.7 

46.2 

76.9 

46.2 

42.3 

73.1 

50.0 

19.2 

50.0 

65.4 

69.2 

34.6 

61.5 

69.2 

61.5 

34.6 

53.8 

34.6 

50.0 

69.2 

30.8 

76.9 

61.5 

53.8 

38.5 

69.2 

92.3 

46.2 

53.8 

30.8 

80.8 

69.2 

73.1 

26.9 

34.6 

65.4 

34.6 

53.8 

50.0 

46.2 

65.4 

53.8 

7.7 

42.3 

65.4 

50.0 

30.8 

53.8 

57.7 

34.6 

50.0 

57.7 

34.6 

50.0 

76.9 

53.8 

57.7 

42.3 

61.5 

50.0 

23.1 

73.1 

61.5 

34.6 

26.9 

53.8 

38.5 

61.5 

34.6 

69.2 

53.8 

23.1 

42.3 

57.7 

73.1 

88.5 

61.5 

26.9 

53.8 

76.9 

46.2 

34.6 

50.0 

61.5 

42.3 

26.9 

34.6 

50.0 

50.0 

88.5 

62.5 

65.4 

38.5 

46.2 

69.2 

69.2 

84.6 

50.0 

42.3 

61.5 

50.0 

84.6 

65.4 

38.5 

88.5 

61.5 

46.2 

26.9 

76.9 

65.4 

69.2 

42.3 

57.7 

57.7 

76.9 

65.4 

42.3 

53.8 

53.8 

73.1 

23.1 

53.8 

61.5 

37.5 

80.8 

61.5 

53.8 

26.9 

30.8 

50.0 

50.0 

80.8 

53.8 

50.0 

50.0 

53.8 

69.2 

50.0 

50.0 

30.8 

53.8 

26.9 

61.5 

34.6 

61.5 

50.0 

61.5 

42.3 

61.5 

53.8 

65.4 

42.3 

53.8 

76.9 

73.1 

23.1 

57.7 

65.4 

57.7 

42.3 

76.9 

46.2 

46.2 

46.2 

21.8 

48.7 

64.1 

26.9 

39.8 

51.3 

61.5 

48.7 

37.2 

41.1 

55.1 

51.3 

64.1 

50.0 

53.8 

51.3 

50.0 

59.0 

38.4 

48.7 

59.0 

51.3 

56.4 

78.2 

82.0 

66.7 

46.2 

66.7 

74.4 

50.0 

71.8 

61.5 

42.3 

38.5 

50.0 

32.0 

70.5 

35.9 

38.5 

35.9 

62.8 

59.0 

30.8 

46.2 

57.7 

55.1 

50.0 

56.4 

41.0 

52.6 

41.0 

62.8 

35.9 

42.3 

34.6 

66.7 

42.3 

53.9 

60.2 

70.5 

47.4 

44.9 

66.7 

28.2 

64.1 

55.1 

9.0 

44.9 

29.5 

44.9 

70.5 

92.3 

28.2 

47.4 

39.8 

51.3 

66.6 

64.1 

35.9 

67.9 

59.0 

42.3 

61.5 

42.3 

41.0 

66.7 

47.4 

20.5 

39.7 

53.9 

64.1 

32.1 

53.8 

62.8 

55.1 

41.0 

56.4 

47.4 

44.9 

70.5 

43.6 

62.8 

55.1 

58.9 

56.4 

47.4 

79.5 

55.1 

42.3 

46.1 

52.5 

64.1 

59.0 

41.0 

62.8 

56.4 

32.1 

43.6 

56.4 

66.7 

69.2 

55.1 

42.3 

57.7 

69.2 

59.0 

39.7 

52.5 

64.1 

62.8 

24.4 

48.7 

59.0 

48.4 

70.5 

67.0 

55.1 

37.2 

41.1 

42.9 

72.8 

45.8 

38.8 

40.4 

54.5 

62.8 

50.6 

40.1 

57.4 

56.4 

43.9 

56.4 

47.4 

53.5 

57.0 

53.8 

39.4 

44.5 

51.6 

62.2 

41.4 

54.2 

66.3 

67.6 

44.9 

49.0 

59.9 

49.0 

63.8 

59.4 

47.1 

44.9 

42.0 

See footnotes at end of this part. 

Digitized 

141 

for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Year 

1947 

1948 

1949 

1950 

1951 

1952 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

1947 

1948 

1949 

1950 

1951 

1952 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

1947 

1948 

1949 

1950 

1951 

1952 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

Jan. 

11.5 

61.5 

92.3 

26.9 

23.1 

46.2 

53.8 

53.8 

46.2 

26.9 

69.2 

53.8 

61.5 

30.8 

65.4 

76.9' 

73.1 

53.8 

7.7 

38.5 

76.9 

69.2 

46.2 

84.6 

100.0 

69.2 

19.2 

65.4 

57.7 

66.7 

96.2 

58.3 

38.5 

15.4 

73.7 

87.5 

98.7 

76.9 

71.2 

93.1 

72.5 

41.2 

57.5 

91.9 

86.2 

27.5 

86.9 

25.6 

97.5 

74.7 

92.2 

74.0 

90.9 

64.5 

12.0 

43.3 

95.8 

89.6 

26.8 

85.8 

95.4 

100.0 

46.0 

8.1 

94.8 

74.1 

66.0 

10.6 

27.5 

90.0 

96.2 

42.5 

59.4 

83.7 

91.2 

56.2 

51.2 

47.5 

95.0 

30.0 

97.5 

17.5 

95.0 

83.1 

80.5 

51.9 

85.7 

61.8 

73.3 

5.5 

98.6 

62.5 

26.5 

28.8 

62.0 

90.8 

33.0 

49.1 

18.2 

39.6 

79.2 

34.6 

Feb. 

11.5 

61.5 

76.9 

19.2 

15.4 

53.8 

69.2 

46.2 

46.2 

34.6 

69.2 

53.8 

61.5 

34.6 

69.2 

76.9 

80.8 

38.5 

19.2 

53.8 

76.9 

61.5 

46.2 

84.6 

92.3 

76.9 

15.4 

65.4 

50.0 

66.7 

96.2 

50.0 

38.5 

30.8 

2.5 

17.5 

66.2 

85.0 

25.6 

43.7 

79.4 

87.5 

41.9 

13.7 

77.5 

62.5 

12.5 

96.2 

75.0 

78.7 

65.2 

81.8 

48.7 

92.2 

10.5 

43.3 

23.3 

87.5 

70.1 

14.5 

50.7 

93.8 

83.1 

27.4 

30.6 

35.5 

52.8 

42.5 

34.6 

18.7 

87.5 

83.7 

35.0 

38.1 

91.2 

97.5 

51.2 

59.4 

60.0 

85.0 

41.2 

97.5 

6.2 

95.0 

78.2 

58.4 

43.5 

90.3 

63.2 

40.0 

5.6 

95.1 

59.0 

19.1 

10.6 

98.5 

93.8 

43.5 

62.1 

32.7 

47.2 

67.3 

42.3 

Mar. 

19.2 

84.6 

42.3 

26.9 

15.4 

61.5 

73.1 

50.0 

46.2 

46.2 

61.5 

46.2 

53.8 

30.8 

69.2 

61.5 

61.5 

34.6 

15.4 

30.8 

76.9 

34.6 

46.2 

92.3 

92.3 

61.5 

19.2 

80.8 

50.0 

58.3 

88.5 

53.8 

46.2 

26.9 

Apr. May 

Monthly 

June 

967. Diffusion index of spot market prices—13 

3.8 

92.3 

30.8 

23.1 

15.4 

61.5 

69.2 

46.2 

30.8 

65.4 

53.8 

30.8 

53.8 

15.4 

61.5 

69.2 

42.3 

38.5 

11.5 

46.2 

76.9 

30.8 

46.2 

92.3 

92.3 

61.5 

50.0 

69.2 

50.0 

69.2 

80.8 

50.0 

46.2 

26.9 

[Percent nsmf 

0 

92.3 

23.1 

23.1 

15.4 

57.7 

76.9 

46.2 

23.1 

50.0 

57.7 

38.5 

69.2 

11.5 

65.4 

76.9 

50.0 

26.9 

19.2 

42.3 

76.9 

26.9 

61.5 

84.6 

80.8 

46.2 

42.3 

73.1 

46.2 

80.8 

84.6 

46.2 

46.2 

19.2 

over 9-month 

46.2 

7.7 

100.0 

23.1 

30.8 

26.9 

61.5 

73.1 

57.7 

23.1 

69.2 

76.9 

46.2 

69.2 

19.2 

53.8 

80.8 

50.0 

11.5 

11.5 

61.5 

84.6 

34.6 

69.2 

80.8 

80.8 

46.2 

57.7 

65.4 

46.2 

84.6 

91.7 

46.2 

53.8 

19.2 

968. Diffusion index of stock prices, 500 common 

81.2 

71.2 

66.2 

21.9 

56.2 

80.6 

80.6 

47.5 

88.7 

81.2 

73.1 

80.6 

34.4 

85.6 

47.5 

43.7 

78.5 

64.3 

14.3 

61.0 

21.1 

13.3 

82.7 

71.5 

76.4 

19.6 

91.0 

86.2 

53.1 

43.5 

50.0 

85.5 

3.8 

85.8 

28.8 

93.1 

47.5 

47.5 

49.4 

21.2 

5.6 

85.6 

83.7 

33.7 

74.4 

59.4 

53.1 

51.9 

72.5 

8.7 

91.2 

75.6 

70.8 

63.6 

76.0 

94.7 

54.0 

16.4 

84.0 

71.5 

21.7 

9.7 

69.2 

31.5 

49.2 

90.7 

80.0 

26.4 

81.1 

88.5 

[Percent risinc 

95.6 

29.4 

75.0 

40.0 

38.1 

41.2 

86.9 

33.1 

23.1 

78.7 

91.2 

53.7 

35.0 

81.9 

1.2 

85.0 

52.6 

66.9 

3.9 

74.0 

83.6 

74.7 

2.7 

41.7 

21.5 

14.7 

27.3 

61.0 

41.5 

37.0 

90.7 

16.4 

92.5 

30.2 

54.8 

over 1-montf 

80.0 

1.9 

33.1 

20.0 

78.1 

0 

71.2 

88.7 

20.0 

42.5 

86.2 

41.9 

76.2 

40.0 

1.2 

51.9 

35.3 

0 

23.4 

51.3 

80.3 

1.3 

47.9 

27.8 

43.1 

15.4 

39.4 

70.8 

50.8 

46.0 

59.3 

90.0 

89.6 

67.3 

11.5 

968. Diffusion index of stock prices, 500 common 

27.5 

62.5 

68.7 

52.5 

55.0 

92.5 

96.2 

72.5 

65.0 

95.0 

85.0 

42.5 

97.5 

7.5 

98.7 

86.5 

51.9 

37.7 

97.4 

71.1 

14.7 

5.6 

91.0 

68.1 

25.0 

6.1 

100.0 

95.4 

54.8 

69.8 

57.4 

77.4 

59.6 

38.5 

53.7 

68.7 

80.0 

67.5 

48.7 

97.5 

95.0 

67.5 

50.0 

100.0 

84.4 

42.5 

97.5 

3.1 

95.0 

85.9 

58.4 

22.1 

93.4 

76.3 

12.0 

6.9 

97.2 

84.7 

19.1 

6.1 

95.4 

89.2 

54.8 

82.8 

90.7 

90.6 

59.6 

18.0 

[Percent rising 

63.7 

71.2 

86.2 

58.7 

16.2 

97.5 

88.7 

55.6 

36.9 

100.0 

67.5 

36.9 

95.6 

3.7 

89.1 

84.6 

72.7 

11.7 

92.1 

82.7 

6.7 

25.0 

77.8 

67.6 

17.6 

10.6 

93.8 

93.8 

29.0 

86.2 

88.9 

94.3 

44.2 

56.0 

July Aug. Sept. 

raw industrial materials Q 

spans] 

38.5 

23.1 

100.0 

23.1 

30.8 

30.8 

53.8 

76.9 

53.8 

15.4 

84.6 

61.5 

34.6 

50.0 

30.8 

53.8 

84.6 

57.7 

11.5 

34.6 

65.4 

80.8 

23.1 

53.8 

69.2 

80.8 

38.5 

34.6 

57.7 

45.8 

88.5 

66.7 

46.2 

61.5 

26.9 

53.8 

34.6 

100.0 

15.4 

34.6 

30.8 

61.5 

84.6 

57.7 

15.4 

76.9 

61.5 

23.1 

53.8 

38.5 

53.8 

76.9 

57.7 

11.5 

30.8 

57.7 

76.9 

19.2 

53.8 

61.5 

88.5 

23.1 

50.0 

61.5 

29.2 

92.3 

66.7 

42.3 

42.3 

15.4 

stocks-49-82 industries^ 

spans] 

12.5 

100.0 

19.4 

47.5 

85.6 

65.0 

90.6 

53.7 

95.0 

51.9 

85.6 

80.6 

35.0 

42.5 

69.4 

29.4 

89.7 

24.7 

38.3 

81.6 

48.7 

4.0 

41.7 

44.4 

30.6 

66.2 

4.5 

64.6 

80.0 

56.5 

28.8 

64.8 

92.5 

19.2 

52.9 

3.7 

95.0 

94.4 

92.5 

53.7 

76.9 

83.1 

23.1 

56.9 

7.5 

88.7 

42.5 

76.2 

81.2 

78.1 

75.0 

41.0 

79.9 

6.5 

77.6 

17.8 

34.7 

77.8 

23.6 

76.4 

41.9 

7.6 

6.2 

43.1 

23.4 

98.3 

92.6 

88.7 

40.4 

26.5 

stocks-49-82 industries® 

over 9-month spans] 

61.2 

70.6 

71.9 

70.0 

42.5 

17.5 

96.2 

70.0 

48.7 

20.0 

98.7 

61.9 

38.7 

81.2 

2.5 

84.6 

84.6 

67.5 

6.5 

86.2 

85.3 

21.3 

27.8 

56.9 

43.7 

30.9 

4.6 

89.2 

64.6 

17.7 

87.7 

75.0 

86.8 

42.3 

79.6 

61.2 

83.7 

67.5 

45.6 

64.4 

30.0 

96.2 

68.7 

43.7 

25.0 

100.0 

55.6 

46.2 

76.2 

1.2 

78.2 

81.8 

61.0 

9.7 

68.4 

93.3 

25.3 

31.9 

31.9 

54.9 

23.9 

4.6 

80.8 

45.4 

26.6 

70.2 

63.0 

84.9 

46.2 

87.8 

55.0 

85.0 

65.0 

62.5 

74.4 

31.2 

97.5 

81.2 

31.9 

23.7 

100.0 

56.9 

57.5 

73.7 

3.7 

79.5 

68.8 

59.1 

22.1 

65.8 

97.3 

21.3 

46.5 

43.1 

54.9 

16.4 

3.1 

66.2 

56.5 

27.4 

67.5 

68.5 

96.2 

32.7 

87.8 

53.8 

61.5 

100.0 

15.4 

42.3 

38.5 

69.2 

84.6 

53.8 

23.1 

76.9 

61.5 

30.8 

69.2 

34.6 

57.7 

61.5 

50.0 

3.8 

38.5 

80.8 

69.2 

26.9 

46.2 

61.5 

88.5 

23.1 

42.3 

76.9 

41.7 

88.5 

58.3 

38.5 

23.1 

23.1 

31.9 

72.5 

90.0 

93.1 

13.7 

0 

51.9 

70.6 

12.5 

8.1 

84.4 

9.4 

16.9 

40.0 

36.2 

76.9 

76.3 

81.2 

3.9 

57.2 

86.7 

61.3 

96.5 

71.5 

33.8 

88.2 

1.5 

40.0 

56.2 

15.3 

37.3 

53.7 

76.4 

0 

100.0 

32.5 

96.2 

78.7 

61.2 

80.0 

53.7 

100.0 

63.7 

33.7 

31.2 

100.0 

50.6 

68.7 

71.2 

18.7 

77.6 

65.6 

63.6 

20.1 

71.1 

81.3 

20.0 

72.2 

44.4 

47.9 

26.9 

10.8 

90.8 

62.9 

22.6 

68.4 

68.5 

94.3 

9.6 

89.8 

Oct. 

42.3 

61.5 

100.0 

15.4 

46.2 

38.5 

61.5 

84.6 

42.3 

23.1 

76.9 

53.8 

38.5 

53.8 

34.6 

53.8 

69.2 

57.7 

3.8 

38.5 

92.3 

69.2 

23.1 

53.8 

76.9 

92.3 

23.1 

42.3 

76.9 

45.8 

88.5 

66.7 

61.5 

23.1 

50.0 

61.9 

95.0 

92.5 

41.9 

13.7 

75.6 

60.6 

5.0 

23.7 

4.4 

80.0 

52.5 

25.0 

46.9 

8.1 

44.9 

73.1 

66.9 

25.3 

32.2 

82.7 

72.7 

72.2 

18.1 

33.8 

89.0 

66.2 

70.8 

15.4 

11.3 

8.6 

3.7 

43.4 

58.7 

98.0 

11.2 

97.5 

80.0 

52.5 

81.2 

65.6 

98.7 

72.5 

27.5 

26.2 

100.0 

33.7 

83.7 

67.5 

67.5 

69.2 

75.3 

60.4 

47.4 

52.6 

71.3 

14.7 

95.8 

50.7 

42.0 

35.8 

23.1 

87.7 

57.3 

19.4 

39.1 

69.8 

90.6 

14.4 

89.8 

Nov. 

19.2 

65.4 

100.0 

23.1 

42.3 

38.5 

61.5 

73.1 

57.7 

23.1 

73.1 

46.2 

46.2 

53.8 

50.0 

69.2 

76.9 

57.7 

3.8 

38.5 

92.3 

76.9 

38.5 

84.6 

76.9 

84.6 

19.2 

65.4 

73.1 

62.5 

88.5 

58.3 

65.4 

23.1 

57.7 

1.2 

65.6 

31.9 

6.2 

90.0 

81.2 

91.9 

86.9 

46.9 

26.2 

89.4 

55.6 

90.0 

87.5 

98.7 

44.9 

59.6 

70.1 

88.3 

7.9 

77.3 

68.0 

48.6 

2.8 

90.1 

7.5 

70.8 

64.6 

50.8 

66.9 

0 

38.0 

55.7 

65.4 

85.7 

10.0 

96.2 

84.4 

66.2 

79.4 

83.7 

98.7 

73.7 

41.2 

30.0 

98.7 

32.5 

90.0 

70.0 

93.7 

71.2 

76.6 

67.5 

58.4 

46.1 

52.0 

25.3 

97.2 

59.7 

36.2 

53.7 

38.5 

80.0 

56.5 

16.1 

47.3 

37.7 

88.7 

10.6 

98.0 

Dec. I 

11.5 

76.9 

100.0 

30.8 

23.1 

46.2 

61.5 

69.2 

42.3 

19.2 

69.2 

46.2 

53.8 

38.5 

65.4 

80.8 

80.8 

50.0 

3.8 

42.3 

84.6 

69.2 

46.2 

84.6 

92.3 

76.9 

19.2 

65.4 

69.2 

75.0 

92.3 

58.3 

65.4 

15.4 

65.4 

41.2 

86.2 

52.5 

71.2 

90.0 

67.5 

96.2 

71.9 

45.6 

49.4 

82.5 

71.9 

81.2 

55.0 

84.4 

68.4 

24.0 

57.1 

59.7 

71.1 

72.7 

4.0 

98.6 

95.8 

77.5 

13.4 

9.2 

26.2 

91.9 

46.8 

69.0 

95.4 

15.1 

67.3 

51.0 

20.0 

92.5 

96.9 

62.5 

65.0 

83.7 

98.7 

60.6 

33.1 

30.0 

96.2 

26.2 

97.5 

62.5 

95.0 

84.4 

76.6 

70.1 

66.2 

50.0 

56.0 

31.5 

98.6 

65.3 

34.8 

35.8 

70.8 

80.0 

48.4 

23.7 

67.3 

39.6 

86.8 

34.6 

100.0 

IQ 

14.1 

69.2 

70.5 

24.3 

18.0 

53.8 

65.4 

50.0 

46.2 

35.9 

66.6 

51.3 

58.9 

32.1 

67.9 

71.8 

71.8 

42.3 

14.1 

41.0 

76.9 

55.1 

46.2 

87.2 

94.9 

69.2 

17.9 

70.5 

52.6 

63.9 

93.6 

54.0 

41.1 

24.4 

54.1 

73.3 

68.5 

52.9 

65.2 

84.4 

69.2 

57.3 

50.8 

80.8 

76.4 

24.8 

89.6 

49.4 

73.3 

72.8 

79.4 

45.7 

81.4 

32.0 

22.9 

49.8 

84.9 

78.7 

20.3 

75.8 

91.8 

78.7 

39.0 

29.6 

71.9 

43.6 

64.8 

24.7 

24.6 

80.0 

82.9 

43.3 

50.8 

89.1 

95.0 

60.0 

58.5 

67.5 

88.3 

37.9 

97.5 

10.4 

96.2 

82.6 

63.6 

44.4 

91.1 

65.4 

42.7 

5.6 

94.9 

63.2 

23.5 

15.2 

86.8 

1 93.3 

43.8 

60.3 

36.1 

54.7 

68.7 

L 38.5 

Quarterly 

IIQ 

3.8 

94.9 

25.7 

25.7 

19.2 

60.2 

73.1 

50.0 

25.7 

61.5 

62.8 

38.5 

64.1 

15.4 

60.2 

75.6 

47.4 

25.6 

14.1 

50.0 

79.5 

30.8 

59.0 

85.9 

84.6 

51.3 

50.0 

69.2 

47.5 

78.2 

85.7 

47.5 

48.7 

21.8 

89.6 

26.3 

51.9 

36.5 

45.8 

15.6 

81.2 

68.5 

25.6 

65.2 

78.9 

49.6 

54.4 

64.8 

3.7 

76.0 

54.5 

45.9 

30.3 

67.1 

86.2 

43.3 

22.3 

51.2 

45.4 

17.3 

25.5 

67.0 

41.3 

44.1 

80.2 

62.1 

69.5 

59.5 

51.6 

62.7 

70.6 

78.7 

56.2 

27.5 

97.1 

84.6 

57.3 

35.6 

99.6 

71.3 

39.4 

91.4 

3.1 

89.6 

85.0 

66.2 

13.4 

90.6 

81.4 

13.3 

19.9 

77.3 

65.3 

22.5 

7.1 

92.8 

82.5 

33.8 

85.6 

84.9 

90.6 

48.7 

51.2 

III Q IV Q 

Average for period 

48.7 

39.7 

100.0 

18.0 

35.9 

33.4 

61.5 

82.0 

55.1 

18.0 

79.5 

61.5 

29.5 

57.7 

34.6 

55.1 

74.3 

55.1 

8.9 

34.6 

68.0 

75.6 

23.1 

51.3 

64.1 

85.9 

28.2 

42.3 

65.4 

38.9 

89.8 

63.9 

42.3 

42.3 

21.8 

Average for period 

16.0 

89.2 

67.9 

77.7 

51.0 

47.3 

75.2 

49.1 

54.8 

22.5 

86.2 

44.2 

42.7 

54.6 

61.2 

60.4 

69.0 

61.9 

16.2 

72.1 

51.1 

33.3 

72.0 

46.5 

46.9 

65.4 

4.5 

36.9 

59.8 

31.7 

54.8 

70.4 

85.9 

19.9 

59.8 

Average for period 

49.6 

88.3 

70.4 

56.4 

72.9 

38.3 

97.9 

71.2 

36.4 

26.6 

100.0 

54.4 

57.5 

73.7 

7.9 

78.4 

72.1 

61.2 

17.3 

68.4 

90.6 

22.2 

50.2 

39.8 

52.6 

22.4 

6.2 

79.3 

54.9 

25.5 

68.7 

66.7 

91.8 

29.5 

88.5 

24.3 

67.9 

100.0 

23.1 

37.2 

41.1 

61.5 

75.6 

47.4 

21.8 

73.1 

48.7 

46.2 

48.7 

50.0 

67.9 

75.6 

55.1 

3.8 

39.8 

89.7 

71.8 

35.9 

74.3 

82.0 

84.6 

20.5 

57.7 

73.1 

61.1 

89.8 

61.1 

64.1 

20.5 

57.7 

34.8 

82.3 

59.0 

39.8 

64.6 

74.8 

82.9 

54.6 

38.7 

26.7 

84.0 

60.0 

65.4 

63.1 

63.7 

52.7 

52.2 

64.7 

57.8 

37.1 

77.6 

48.2 

73.1 

38.9 

67.1 

36.6 

48.7 

53.9 

52.7 

41.7 

25.9 

45.7 

38.1 

63.8 

78.2 

13.7 

95.4 

87.1 

60.4 

75.2 

77.7 

98.7 

68.9 

33.9 

28.7 

98.3 

30.8 

90.4 

66.7 

85.4 

74.9 

76.2 

66.0 

57.3 

49.6 

59.8 

23.8 

97.2 

58.6 

37.7 

41.8 

44.1 

82.6 

54.1 

19.7 

51.2 

49.0 

88.7 

19.9 

95.9 

Annual 

31.4 

91.0 

34.3 

30.8 

27.9 

59.3 

74.0 

50.6 

27.9 

62.5 

59.9 

41.4 

57.3 

33.0 

62.8 

74.3 

57.4 

20.2 

25.6 

62.2 

75.9 

36.2 

57.7 

79.8 

87.5 

42.3 

42.0 

69.6 

50.0 

80.4 

76.1 

52.0 

38.2 

31.4 

63.0 

63.0 

55.6 

53.6 

50.7 

80.9 

60.4 

44.1 

41.3 

82.5 

57.5 

46.8 

68.0 

44.5 

65.6 

62.1 

63.0 

37.5 

64.4 

61.7 

36.9 

54.3 

55.4 

59.5 

34.9 

38.6 

62.4 

58.1 

39.1 

47.6 

62.5 

59.2 

52.0 

53.6 

67.7 

77.0 

69.6 

61.9 

48.6 

95.7 

79.9 

46.9 

37.4 

91.3 

61.2 

56.3 

82.3 

26.7 

84.8 

79.0 

64.3 

33.1 

74.9 

74.3 

25.5 

43.2 

67.6 

54.7 

27.6 

18.1 

85.4 

71.2 

30.7 

66.5 

59.2 

81.4 

41.7 

68.5 

142 

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Year 

Quarterly 

IQ I IQ IIIQ IV Q Annual 

11. Newly approved capital appropriations, 1,000 manufacturing corporations 

[Billions of dollars] 

1947.. 

1948... 

1949... 

1950... 

1951... 

1952... 

1953... 

1954... 

1955... 

1956... 

1957... 

1958... 

1959... 

1960... 

1961... 

1962... 

1963.. 

1964.. 

1965.. 

1966.. 

1967.. 

1968.. 

1969.. 

1970.. 

1971.. 

1972.. 

1973.. 

1974.. 

1975... 

1976.. 

1977... 

1978... 

1979... 

1980... 

1981... 

1982... 

1947... 

1948... 

1949... 

1950... 

1951.. 

1952.. 

1953.. 

1954.. 

1955.. 

1956.. 

1957.. 

1958.. 

1959... 

I960.. 

1961.. 

1962.. 

1963.. 

1964.. 

1965.. 

1966.. 

1967... 

1968.. 

1969... 

1970... 

1971... 

1972... 

1973... 

1974... 

1975... 

1976... 

1977.. 

1978... 

1979... 

1980.. 

1981... 

1982... 

1947... 

1948... 

1949... 

1950... 

1951... 

1952... 

1953... 

1954.. 

1955... 

1956... 

1957... 

1958... 

1959... 

I960.. 

1961.. 

1962.. 

1963.. 

1964... 

1965... 

1966... 

1967... 

1968.. 

1969... 

1970... 

1971... 

1972... 

1973... 

1974... 

1975.. 

1976.. 

1977.. 

1978.. 

1979.. 

1980.. 

1981... 

1982... 

1.77 

1.86 

2.69 

4.04 

3.61 

1.95 

2.69 

2.87 

2.39 

2.99 

2.76 

4.12 

5.08 

6.54 

6.03 

5.95 

6.80 

6.68 

5.70 

6.57 

9.72 

12.86 

11.39 

11.38 

14.58 

17.06 

21.45 

27.50 

27.70 

25.77 

2.06 

1.84 

3.26 

3.71 

3.21 

1.94 

2.94 

2.52 

2.46 

2.52 

3.27 

4.66 

5.54 

6.77 

5.98 

5.72 

7.75 

6.48 

5.52 

7.09 

10.92 

14.98 

10.98 

12.22 

15.00 

15.06 

21.03 

25.81 

28.06 

19.33 

2.29 

1.87 

3.90 

3.38 

2.43 

2.20 

3.13 

2.27 

2.72 

2.82 

3.66 

4.91 

5.58 

5.96 

5.89 

6.35 

7.60 

6.32 

5.92 

7.21 

11.67 

16.38 

10.18 

11.83 

17.44 

16.09 

22.47 

24.12 

26.94 

18.48 

2.05 

2.28 

4.01 

3.43 

2.33 

2.23 

3.13 

2.71 

2.70 

3.15 

3.94 

4.34 

6.15 

6.02 

5.95 

6.64 

7.44 

5.86 

5.94 

8.43 

12.20 

12.68 

12.87 

14.36 

16.89 

18.67 

23.08 

26.15 

22.99 

21.04 

16. Corporate profits 

[Annual rate, 

after tax in current dolars 

mm of doiars] 

21.0 

22.7 

20.6 

19.0 

25.3 

20.7 

22.4 

19.6 

26.3 

27.6 

28.4 

20.5 

28.9 

29.6 

24.7 

30.4 

31.5 

38.2 

44.2 

49.8 

46.1 

48.1 

49.6 

41.8 

45.7 

56.2 

73.8 

82.4 

69.4 

100.7 

114.9 

129.6 

161.2 

166.2 

152.2 

112.9 

19.8 

23.9 

18.2 

22.7 

21.6 

19.6 

22.4 

20.2 

26.7 

28.1 

27.3 

20.9 

31.3 

27.4 

26.0 

30.4 

33.2 

38.1 

45.9 

49.8 

46.1 

49.3 

48.0 

41.6 

47.3 

56.6 

76.8 

85.0 

73.2 

102.3 

121.3 

144.1 

164.5 

139.4 

138.6 

117.4 

19.6 

23.5 

18.9 

27.7 

19.7 

19.5 

21.8 

21.4 

27.5 

26.5 

26.7 

23.3 

28.1 

26.4 

27.5 

31.3 

34.0 

39.1 

46.4 

49.4 

47.2 

49.5 

46.2 

42.1 

50.8 

59.0 

76.6 

90.9 

88.3 

103.5 

126.6 

149.9 

169.6 

146.9 

144.0 

116.5 

21.4 

22.7 

18.5 

30.4 

21.1 

21.4 

17.1 

23.0 

28.5 

28.0 

24.4 

26.7 

27.4 

25.2 

29.6 

32.2 

34.8 

38.7 

48.9 

48.5 

49.4 

50.7 

45.0 

39.6 

52.3 

63.9 

79.0 

82.2 

95.2 

103.4 

125.3 

159.9 

165.0 

146.7 

141.7 

113.5 

22. Ratio, corporate domestic profits after tax to total corporate 

[Percent] 

20.6 

18.6 

16.3 

15.2 

16.1 

12.1 

12.1 

10.9 

13.4 

12.7 

12.2 

9.3 

11.9 

11.1 

9.3 

10.5 

10.1 

11.4 

12.2 

12.6 

10.9 

10.5 

9.6 

7.5 

7.8 

8.7 

10.0 

9.6 

8.1 

10.7 

11.2 

10.9 

11.6 

10.3 

9.0 

6.2 

18.5 

19.1 

14.9 

17.1 

13.2 

11.6 

12.0 

11.2 

13.2 

12.8 

11.6 

9.5 

12.4 

10.3 

9.7 

10.2 

10.5 

11.3 

12.4 

12.4 

10.9 

10.4 

9.1 

7.3 

7.9 

8.6 

10.1 

9.9 

8.6 

10.6 

11.3 

11.8 

11.3 

8.4 

8.1 

6.4 

17.9 

18.5 

15.4 

19.3 

11.8 

11.4 

11.8 

11.9 

13.2 

11.9 

11.3 

10.3 

11.2 

10.0 

10.0 

10.4 

10.6 

11.3 

12.4 

12.1 

10.9 

10.1 

8.5 

7.3 

8.5 

8.7 

9.5 

10.8 

10.1 

10.6 

11.3 

11.7 

11.0 

9.0 

8.1 

6.4 

18.6 

17.5 

15.8 

20.1 

12.4 

11.8 

9.5 

12.2 

13.4 

12.4 

10.6 

11.4 

10.7 

9.6 

10.5 

10.4 

10.7 

11.1 

12.8 

11.6 

11.2 

10.1 

8.2 

7.0 

8.5 

9.1 

9.6 

9.7 

10.3 

10.4 

11.2 

11.8 

10.6 

9.1 

7.7 

6.0 

8.17 

7.85 

13.86 

14.56 

11.58 

8.32 

11.89 

10.37 

10.27 

11.48 

13.63 

18.03 

22.35 

25.29 

23.85 

24.66 

29.59 

25.34 

23.08 

29.30 

44.51 

56.90 

45.42 

49.79 

63.91 

66.88 

88.03 

103.58 

105.69 

84.62 

Average 

20.5 

23.2 

19.0 

25.0 

21.9 

20.2 

20.9 

21.1 

27.2 

27.6 

26.7 

22.9 

28.9 

27.1 

26.9 

31.1 

33.4 

38.5 

46.3 

49.4 

47.2 

49.4 

47.2 

41.3 

49.0 

58.9 

76.6 

85.1 

81.5 

102.5 

122.0 

145.9 

165.1 

149.8 

144.1 

115.1 

Average 

18.9 

18.4 

15.6 

17.9 

13.4 

11.7 

11.4 

11.6 

13.3 

12.4 

11.4 

10.1 

11.6 

10.2 

9.9 

10.4 

10.5 

11.3 

12.4 

12.2 

11.0 

10.3 

8.8 

7.3 

8.2 

8.8 

9.8 

10.0 

9.3 

10.6 

11.2 

11.6 

11.1 

9.2 

8.2 

6.2 

Year

 9y§ ^ 

ear

 I Q II Q III Q 

15. Profits after taxes per dolar of sales, manufacturing corporations 

[Cents] 

1947 6.7 6.3 5.8 

1948 6.5 6.4 6.3 

1949 5.6 4.7 5.5 

1950 5.6 6.7 6.9 

1951 5.7 5.1 4.2 

1952 4.3 4.1 4.3 

1953 4.4 4.3 4.4 

1954 4.3 4.6 4.5 

1955 5.2 5.4 5.5 

1956 5.4 5.4 5.0 

1957 5.3 4.9 4.7 

1958 3.6 3.7 4.4 

1959 5.0 5.3 4.6 

1960 5.0 4.4 4.3 

1961 3.8 4.2 4.4 

1962 4.6 4.4 4.5 

1963 4.4 4.7 4.7 

1964 5.1 5.2 5.3 

1965 5.6 5.5 5.6 

1966 5.8 5.7 5.6 

1967 5.0 5.0 4.9 

1968 5.1 5.0 5.1 

1969 5.1 4.9 4.8 

1970 4.1 4.2 4.0 

1971 4.0 4.2 4.2 

1972 4.2 4.2 4.3 

1973 4.7 4.7 4.7 

1974 5.9 5.6 5.7 

1975 3.9 4.4 4.9 

1976 5.5 5.5 5.3 

1977 5.3 5.3 5.0 

1978 5.0 5.4 5.5 

1979 5.8 5.7 5.8 

1980 5.5 4.5 4.6 

1981 4.9 5.0 4.8 

1982 3.9 U 3L5 

18. Corporate profits after tax in 1972 dolars 

[Annual rate, bMore of dolars] 

1947 44.8 41.3 39.9 

1948 44.3 45.9 43.8 

1949 38.4 33.5 34.9 

1950 35.0 41.8 49.7 

1951 42.8 36.3 33.0 

1952 34.2 32.1 32.1 

1953 36.4 36.1 35.0 

1954 31.3 32.2 34.2 

1955 42.0 42.5 43.1 

1956 42.1 42.6 39.6 

1957 34.0 39.3 38.3 

1958 29.5 29.9 33.3 

1959 40.6 43.8 39.1 

1960 41.0 37.9 36.5 

1961 34.3 36.0 37.9 

1962 41.8 41.6 42.8 

1963 42.8 45.0 46.0 

1964 51.3 51.1 52.3 

1965 58.7 60.8 61.1 

1966 64.8 64.2 63.3 

1967 58.0 57.7 58.6 

1968 58.5 59.2 58.9 

1969 57.8 55.2 52.5 

1970 46.3 45.5 45.5 

1971 48.3 49.3 52.4 

1972 56.9 57.0 58.8 

1973 72.4 74.1 72.8 

1974 75.2 74.9 77.2 

1975 55.1 57.0 67.5 

1976 75.1 75.8 75.7 

1977. 81.9 85.1 87.3 

1978 86.5 94.2 96.2 

1979 99.3 99.0 99.8 

1980 93.3 76.9 79.3 

1981 79.1 70.2 72.0 

1982 55.3 56JJ 56J) 

26. Ratio, impfcrt price deflator to unit labor cost, nonfarm business sector 

[Index: 1977=100] 

1947 98.3 99.2 98.7 

1948 100.5 101.6 101.0 

1949 101.0 101.0 102.1 

1950 101.6 102.6 104.7 

1951 103.9 102.2 103.1 

1952 102.4 101.9 101.2 

1953 100.9 100.5 100.2 

1954 98.5 99.1 99.8 

1955 101.8 102.2 102.2 

1956 100.4 99.8 99.6 

1957 100.0 99.4 99.6 

1958 97.8 98.6 99.0 

1959 101.0 101.8 100.0 

1960 100.0 98.7 98.5 

1961 97.7 99.0 99.6 

1962 100.2 99.2 100.2 

1963 100.4 101.3 101.5 

1964 101.7 101.7 101.9 

1965 102.8 102.6 103.0 

1966 103.2 102.2 101.8 

1967 101.8 101.8 102.1 

1968 102.1 102.2 102.0 

1969 101.0 100.3 99.5 

1970 97.5 98.5 98.4 

1971 99.1 99.1 99.7 

1972 99.2 99.4 99.4 

1973 99.6 98.5 97.6 

1974 96.8 96.8 96.3 

1975 97.2 98.9 100.4 

1976 100.1 99.6 99.2 

1977 99.6 100.2 100.6 

1978 98.4 99.6 99.4 

1979 98.3 97.9 97.2 

1980 96.6 96.2 96.2 

1981 97.8 97.7 98.8 

1982 96.8 96.5 95.9 

IV Q Annual 

Average 

5.7 

6.2 

5.5 

6.3 

4.4 

4.4 

4.0 

4.7 

5.6 

5.1 

4.3 

4.8 

4.4 

3.9 

4.7 

4.7 

5.0 

5.3 

5.6 

5.4 

5.1 

5.1 

4.5 

3.6 

4.1 

4.5 

5.7 

4.9 

5.2 

5.1 

5.4 

5.7 

5.4 

4.8 

4.4 

2.8 

42.5 

41.9 

34.2 

53.4 

34.9 

34.9 

27.4 

36.7 

44.3 

41.2 

34.8 

37.8 

38.2 

35.0 

40.8 

43.8 

47.0 

51.7 

64.2 

61.4 

60.7 

59.7 

50.5 

42.3 

53.5 

63.6 

73.8 

67.0 

71.7 

74.8 

84.9 

100.7 

95.0 

77.6 

69.4 

54.2 

99.5 

102.1 

101.0 

104.3 

103.4 

101.4 

98.2 

100.7 

101.7 

99.6 

99.0 

100.4 

99.8 

97.7 

100.0 

101.0 

101.1 

101.3 

103.4 

102.3 

102.4 

101.3 

98.6 

98.1 

99.7 

100.0 

97.8 

96.6 

99.9 

98.9 

99.6 

99.3 

96.5 

96.6 

98.1 

95.8 

6.1 

6.4 

5.3 

6.4 

4.8 

4.3 

4.3 

4.5 

5.4 

5.2 

4.8 

4.1 

4.8 

4.4 

4.3 

4.6 

4.7 

5.2 

5.6 

5.6 

5.0 

5.1 

4.8 

4.0 

4.1 

4.3 

5.0 

5.5 

4.6 

5.4 

5.2 

5.4 

5.7 

4.8 

4.8 

3.4 

Average 

42.1 

44.0 

35.2 

45.0 

36.8 

33.3 

33.7 

33.6 

43.0 

41.4 

36.6 

32.6 

40.4 

37.6 

37.3 

42.5 

45.2 

51.6 

61.2 

63.4 

58.7 

59.1 

54.0 

44.9 

50.9 

59.0 

73.3 

73.6 

62.8 

75.4 

84.8 

94.4 

98.3 

81.8 

72.7 

55.6 

98.9 

101.3 

101.3 

103.3 

103.2 

101.7 

100.0 

99.5 

102.0 

99.8 

99.5 

99.0 

100.6 

98.7 

99.1 

100.2 

101.1 

101.6 

103.0 

102.4 

102.0 

101.9 

99.8 

98.1 

99.4 

99.5 

98.4 

96.6 

99.1 

99.4 

100.0 

99.2 

97.5 

96.4 

98.1 

96.2 

See footnotes at end of this part. 143 

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Year 

Quarterly 

IQ HQ IIIQ 

30. Change in business inventories in 1972 dolars 

[Annual rate, bMons of dolars] 

IV Q Annual 

Average 

Year 

IQ 

Quarterly 

HQ IUQ 

IV Q Annual 

1947.. 

1948.. 

1949 

1950 

1951 

195? 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

196? 

1963 

1964 

1965 

1966 

1967.. 

1968.. 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

0.1 

4.1 

-.3 

4.4 

13.4 

7.3 

3.9 

-3.4 

5.9 

7.5 

2.5 

-6.8 

5.5 

12.7 

-4.1 

10.4 

7.4 

6.9 

14.8 

15.6 

14.5 

5.4 

11.7 

2.1 

11.2 

6.3 

16.0 

13.2 

-14.3 

10.0 

10.5 

17.3 

12.9 

-.5 

3.0 

-10.2 

-0.9 

5.6 

-7.1 

7.7 

19.9 

-2.7 

5.1 

-4.1 

8.0 

5.5 

2.9 

-6.2 

12.6 

3.3 

1.8 

8.1 

7.9 

7.4 

11.3 

17.1 

7.3 

12.2 

11.8 

5.0 

10.4 

12.1 

15.2 

12.6 

-11.3 

11.3 

13.8 

18.4 

13.7 

-2.1 

8.9 

-3.4 

-2.9 

6.9 

-2.5 

8.0 

14.6 

5.4 

1.9 

-2.7 

7.8 

4.9 

3.7 .3 

1.4 

3.4 

6.5 

7.5 

8.0 

5.5 

11.0 

13.6 

11.8 

9.8 

13.7 

6.5 

7.0 

12.8 

13.8 

7.7 

1.0 

7.3 

18.7 

13.3 

4.8 

-10.1 

16.1 

-1.3 

1947.. 

1948.. 

1949.. 

1950.. 

1951.. 

1952.. 

1953.. 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

35. Corporate net cash flow in 1972 dolars 

[Annual rate, MJons of dolars] 

45.4 

44.9 

40.6 

36.9 

46.2 

39.9 

43.5 

40.1 

53.4 

53.9 

45.2 

43.4 

55.1 

56.6 

51.5 

63.0 

64.8 

74.8 

82.9 

90.4 

87.2 

89.5 

91.8 

82.8 

85.9 

98.3 

117.0 

121.7 

42.3 

47.8 

36.1 

43.5 

39.8 

37.4 

42.9 

42.7 

54.6 

54.1 

50.9 

43.5 

58.6 

54.0 

53.8 

62.7 

67.9 

74.2 

85.3 

91.3 

87.0 

90.6 

90.2 

82.6 

88.1 

101.5 

119.7 

120.7 

40.4 

45.3 

37.9 

50.8 

36.9 

38.0 

42.8 

44.7 

55.1 

50.7 

50.5 

47.4 

53.6 

52.7 

55.6 

64.4 

69.2 

75.7 

86.1 

91.5 

88.6 

90.2 

87.9 

83.0 

92.0 

102.1 

117.7 

121.8 

98.0 100.3 111.1 

116.6 115.7 115.3 

124.3 129.8 133.2 

132.9 140.9 142.1 

146.6 148.3 151.0 

145.3 129.5 133.3 

138.0 130.2 132.8 

121.1 124.9 126.9 

50. Gross national product in 1972 dolars 

[Annual rate, bfflrons of dollars] 

1947 466.0 469.5 470.2 

1948 479.4 488.3 492.9 

1949 492.6 490.3 494.8 

1950 512.6 526.4 543.8 

1951 564.4 575.9 587.9 

1952 593.7 594.3 600.5 

1953 623.2 628.3 624.4 

1954 610.5 608.1 616.9 

1955 644.1 

1956 666.8 

1957 683.5 

1958 665.5 

1959 711.5 

1960 740.7 

1961 737.7 

1962 789.2 

1963 815.0 

1964 864.2 

1965 906.7 

1966 975.4 

1967 997.8 

1968 1,036.6 

1969 1,084.2 

1970 1,081.4 

1971 1,111.5 

1972 1,157.2 

1973 1,246.8 

1974 1,253.3 

1,204.3 

1,285.0 

1,341.3 

1,400.0 

1,472.6 

1,496.4 

1,510.1 

1,485.8 

653.2 

670.2 

684.1 

669.9 

726.2 

738.4 

750.1 

798.4 

826.7 

873.7 

919.7 

979.3 

1,004.2 

1,055.7 

1,088.8 

1,083.0 

1,116.9 

1,178.5 

1,248.3 

1,254.7 

1,218.9 

1,293.7 

1,363.3 

1,437.0 

1,469.2 

1,461.4 

1,512.5 

1,489.3 

663.2 

670.7 

688.5 

685.9 

721.2 

737.7 

759.6 

805.5 

839.8 

880.9 

934.1 

987.9 

1,016.2 

1,068.2 

1,092.0 

1,093.3 

1,125.7 

1,193.1 

1,255.8 

1,246.8 

1,246.1 

1,301.1 

1,385.8 

1,448.8 

1,486.6 

1,464.2 

1,525.8 

1,485.7 

2.7 

5.3 

-7.7 

22.1 

7.0 

7.2 

-5.0 

1.5 

9.2 

5.4 

-3.0 

5.3 

8.7 

-5.3 

7.7 

5.3 

6.7 

8.6 

10.0 

20.8 

15.2 

8.6 

7.0 

1.4 

3.6 

9.7 

23.7 

12.9 

-2.3 

2.4 

10.1 

15.2 

-2.3 

-4.7 

6.0 

-22.7 

43.8 

43.4 

37.0 

54.0 

39.4 

41.1 

36.4 

47.8 

56.1 

51.7 

48.1 

52.7 

53.3 

51.6 

58.1 

65.8 

70.5 

74.9 

88.6 

91.1 

92.4 

91.7 

86.0 

80.2 

93.9 

108.0 

120.1 

110.0 

115.1 

115.5 

131.0 

147.1 

146.4 

133.6 

132.2 

127.9 

475.7 

497.9 

490.8 

556.3 

589.1 

614.6 

618.2 

628.4 

669.5 

678.4 

679.1 

702.5 

727.9 

732.1 

779.0 

808.0 

848.6 

886.8 

956.8 

996.6 

1,027.3 

1,071.8 

1,085.6 

1,084.7 

1,135.4 

1,214.8 

1,266.1 

1,230.3 

1,257.3 

1,313.1 

1,388.4 

1,468.4 

1,489.3 

1,477.9 

1,506.9 

1,480.7 

-0.2 

5.5 

-4.4 

10.6 

13.7 

4.3 

1.5 

-2.2 

7.7 

5.8 

1.5 

-1.8 

7.0 

3.5 

3.0 

7.8 

7.5 

7.1 

11.8 

16.8 

12.2 

9.0 

11.1 

3.8 

8.1 

10.2 

17.2 

11.6 

-6.7 

7.8 

13.3 

16.0 

7.3 

-4.4 

8.5 

-9.4 

43.0 

45.3 

37.9 

46.3 

40.6 

39.1 

41.4 

43.8 

54.8 

52.6 

48.7 

46.7 

55.2 

53.7 

54.7 

64.0 

68.1 

74.9 

85.7 

91.1 

88.8 

90.5 

89.0 

82.1 

90.0 

102.5 

118.7 

118.5 

106.1 

115.8 

129.6 

140.7 

148.1 

135.4 

133.3 

125.2 

Average 

470.3 

489.8 

492.2 

534.8 

579.4 

600.8 

623.6 

616.1 

657.5 

671.6 

683.8 

680.9 

721.7 

737.2 

756.6 

800.3 

832.5 

876.4 

929.3 

984.8 

1,011.4 

1,058.1 

1,087.6 

1,085.6 

1,122.4 

1,185.9 

1,254.3 

1,246.3 

1,231.6 

1,298.2 

1,369.7 

1,438.6 

1,479.4 

1,475.0 

1,513.8 

1,485.4 

1947.... 

1948.... 

1949.... 

1950.... 

1951.... 

1952.... 

1953.... 

1954.... 

1955... 

1956.... 

1957... 

1958... 

1959... 

1960.... 

1961... 

1962... 

1963... 

1964... 

1965... 

1966... 

1967... 

1968... 

1969... 

1970... 

1971... 

1972... 

1973... 

1974... 

1975... 

1976... 

1977... 

1978... 

1979... 

1980... 

1981... 

1982 ... 

1947... 

1948... 

1949 

1950 

1951 

1952 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

34. Corporate net cash flow in current d 

[Annual rate, bBons of dolars] Average 

20.2 19.3 19.0 21.2 20.0 

22.2 24.0 23.5 22.7 23.2 

21.1 18.9 19.8 19.4 19.8 

19.3 23.0 27.5 30.1 25.0 

26.7 23.2 21.8 23.5 23.7 

23.8 22.4 22.7 24.8 23.3 

26.3 26.1 26.3 22.4 25.3 

24.6 26.2 27.5 29.6 26.9 

32.9 33.8 35.1 36.1 34.3 

35.4 36.0 34.5 35.8 35.5 

36.8 36.1 36.1 34.6 36.1 

31.1 31.2 34.1 38.1 33.7 

40.1 42.8 39.4 39.2 40.4 

41.6 39.7 38.8 37.9 39.5 

37.8 39.5 40.8 42.7 40.2 

46.3 46.1 47.4 48.5 47.1 

47.9 50.1 51.1 52.2 50.3 

55.5 55.2 56.4 56.0 55.8 

62.1 64.0 65.0 67.3 64.6 

69.1 70.4 71.1 71.7 70.5 

68.9 69.3 71.3 75.1 71.2 

73.4 75.0 75.5 77.7 75.4 

78.4 77.9 77.2 76.7 77.5 

74.5 75.2 76.6 75.3 75.4 

81.6 84.6 89.3 92.2 86.9 

97.2 101.0 102.5 108.8 102.4 

118.9 123.3 123.3 127.6 123.3 

131.8 135.8 14S.4 136.1 136.8 

125.5 131.5 147.8 155.9 140.2 

159.6 159.9 161.9 164.4 161.4 

179.0 189.6 197.9 199.1 191.4 

204.7 221.4 228.2 240.7 223.8 

244.5 252.6 262.8 260.7 255.1 

264.2 241.3 253.3 258.3 254.3 

271.7 263.1 273.1 277.5 271.3 

255.1 266J 2724 275J 267.3 

49. Value of goods output in 1972 dolars 

[Annual rate, Mhos of dolars] 

234.9 237.8 237.2 

241.4 243.5 245.6 

243.4 239.4 241.6 

250.1 255.7 266.8 

275.4 281.4 288.8 

289.1 286.4 290.9 

306.2 310.2 307.6 

294.3 287.0 290.4 

304.4 

321.8 

324.6 

302.9 

327.1 

342.9 

325.3 

358.5 

366.5 

387.2 

412.8 

451.6 

459.5 

471.4 

495.6 

487.2 

497.3 

508.4 

570.7 

566.2 

530.0 

581.3 

612.9 

636.9 

681.4 

684.6 

691.2 

668.1 

315.1 

321.0 

322.8 

303.6 

337.5 

338.3 

335.1 

360.1 

369.4 

392.6 

415.5 

453.3 

461.6 

482.9 

496.8 

489.2 

494.1 

526.3 

568.7 

567.8 

540.2 

587.0 

625.2 

662.2 

671.9 

661.2 

692.3 

664.6 

321.6 

319.4 

325.0 

314.8 

330.0 

336.5 

341.0 

363.4 

374.0 

396.5 

423.9 

456.8 

464.5 

489.7 

498.3 

492.7 

497.2 

536.0 

568.4 

564.4 

558.6 

589.0 

636.9 

666.4 

678.7 

658.7 

703.2 

661.6 

1947... 

1948... 

1949... 

1950... 

1951... 

1952.., 

1953... 

1954... 

1955... 

1956.., 

1957... 

1958.. 

1959.. 

I960.. 

1961... 

1962... 

1963... 

1964.. 

1965.. 

1966... 

1967.. 

1968.. 

1969... 

1970.. 

1971... 

1972.. 

1973.. 

1974.. 

1975.. 

1976.. 

1977.. 

1978.. 

1979.. 

1980.. 

1981.. 

1982.. 

50b. Change in gross national product m 1972 dolars 

[Annual rate, bgons of dolars] 

3.7 

-5.3 

21.8 

8.1 

4.6 

8.6 

-7.7 

15.7 

-2.7 

5.1 

-13.6 

9.0 

12.8 

5.6 

10.2 

7.0 

15.6 

19.9 

18.6 

1.2 

9.3 

12.4 

-4.2 

26.8 

21.8 

32.0 

-12.8 

-26.0 

27.7 

28.2 

11.6 

4.2 

5.6 

32.2 

-21.1 

-2.3 

13.8 

11.5 .6 

5.1 

-2.4 

9.1 

3.4 .6 

4.4 

14.7 

-2.3 

12.4 

9.2 

11.7 

9.5 

13.0 

3.9 

6.4 

19.1 

4.6 

1.6 

5.4 

21.3 

1.5 

1.4 

14.6 

8.7 

22.0 

37.0 

-3.4 

-35.0 

2.4 

3.5 

0.7 

4.6 

4.5 

17.4 

12.0 

6.2 

-3.9 

8.8 

10.0 .5 

4.4 

16.0 

-5.0 

-.7 

9.5 

7.1 

13.1 

7.2 

14.4 

8.6 

12.0 

12.5 

3.2 

10.3 

8.8 

14.6 

7.5 

-7.9 

27.2 

7.4 

22.5 

11.8 

17.4 

2.8 

13.3 

-3.6 

240.7 

248.7 

236.6 

273.4 

289.3 

302.0 

302.9 

298.9 

325.9 

321.4 

314.4 

325.1 

335.5 

325.6 

350.5 

363.3 

378.9 

398.8 

438.2 

464.0 

468.0 

488.3 

493.2 

478.4 

500.3 

547.8 

581.4 

551.6 

560.9 

591.2 

637.2 

682.3 

678.7 

668.0 

683.7 

652.1 

5.5 

5.0 

-4.0 

12.5 

1.2 

14.1 

-6.2 

11.5 

6.3 

7.7 

-9.4 

16.6 

6.7 

-5.6 

19.4 

2.5 

8.8 

5.9 

22.7 

8.7 

11.1 

3.6 

-6.4 

-8.6 

9.7 

21.7 

10.3 

-16.5 

11.2 

12.0 

2.6 

19.6 

2.7 

13.7 

-18.9 

-5.0 

237.7 

244.8 

240.3 

261.5 

283.7 

292.1 

306.8 

292.7 

316.7 

320.9 

321.7 

311.6 

332.5 

335.8 

338.0 

361.3 

372.2 

393.8 

422.6 

456.4 

463.4 

483.1 

496.0 

486.9 

497.2 

529.6 

572.3 

562.5 

547.4 

587.2 

628.1 

662.0 

677.7 

668.1 

692.6 

661.6 

Difference* 

-8.0 

19.5 

2.4 

42.6 

44.6 

21.4 

22.8 

-7.5 

41.4 

14.1 

12.2 

-2.9 

40.8 

15.5 

19.4 

43.7 

32.2 

43.9 

52.9 

55.5 

26.6 

46.7 

29.5 

-2.0 

36.8 

63.5 

68.4 

-8.0 

-14.7 

66.6 

71.5 

68.9 

40.8 

-4.4 

38.8 

-28.4 

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
50c. Percent change in gross national product in 1972 (Mars 

[Annual rate, percent] 

1947 3.0 0.6 

1948 3.2 7.6 3.8 

1949 -4.2 -1.8 3.8 

1950 19.1 11.2 13.9 

1951 6.0 8.4 8.6 

1952 3.2 .4 4.2 

1953 5.7 3.3 -2.4 

1954 -4.9 -1.6 5.9 

1955 10.3 5.8 6.3 

1956 -1.6 2.0 .3 

1957 3.0 .4 2.6 

1958 -7.8 2.7 9.9 

1959 5.2 8.5 -2.8 

1960 7.2 -1.2 -.4 

1961 3.1 6.9 5.2 

1962 5.3 4.8 3.6 

1963 , 3.5 5.8 6.5 

1964 7.5 4.5 3.3 

1965 9.3 5.8 6.4 

1966 8.0 1.6 3.6 

1967 .5 2.6 4.9 

1968 3.7 7.6 4.8 

1969 4.7 1.7 1.2 

1970 -1.5 .6 3.9 

1971 10.3 2.0 3.2 

1972 7.9 7.6 5.0 

1973 10.9 .5 2.4 

1974 -4.0 .4 -2.5 

1975 -8.2 4.9 9.2 

1976 9.1 2.7 2.3 

1977 8.9 6.7 6.8 

1978 3.4 11.0 3.3 

1979 1.1 -.9 4.8 

1980 1.9 -9.0 .8 

1981 9.0 .7 3.6 

1982 ^ 5 LO -1.0 

61. Expenditures for new pbnt and equipment by U.S. nonfarm 

[Aiwialritt,bMoitsofdolarsI 

1947 20.53 21.24 22.21 

1948 24.78 25.12 25.44 

1949 24.99 23.96 23.12 

1950 22.72 23.70 26.13 

1951 29.10 30.87 31.51 

1952 32.75 31.94 30.32 

1953 32.89 33.78 33.91 

1954 33.45 33.31 33.03 

1955 32.98 34.91 37.70 

1956 42.45 44.29 45.38 

1957 47.72 48.74 48.71 

1958 44.71 41.63 41.12 

1959 42.57 44.24 45.93 

1960 48.57 49.79 47.88 

1961 46.93 47.08 47.90 

1962 49.81 50.81 52.57 

1963 50.32 52.24 54.17 

1964 58.44 60.88 62.68 

1965 65.89 68.68 71.32 

1966 78.04 81.39 83.61 

1967 83.50 83.08 83.21 

1968 87.93 86.74 87.89 

1969 94.96 97.58 102.10 

1970 104.13 105.96 107.18 

1971 104.84 108.19 108.85 

1972 115.56 116.27 119.70 

1973 130.86 137.65 139.46 

1974 147.31 155.41 159.69 

1975 160.77 157.28 155.85 

1976 163.90 167.47 174.07 

1977 187.48 193.80 204.57 

1978 213.24 227.53 233.24 

1979 255.55 265.24 273.15 

1980 291.89 294.36 296.23 

1981 312.24 316.73 328.25 

1982 327.72 323J2 315.79 

64. Compensation of employees as a percent of national 

[Percent] 

1947 66.1 66.6 66.4 

1948 64.9 63.4 64.4 

1949 65.7 66.3 65.9 

1950 65.8 65.5 64.7 

1951 65.6 66.1 66.2 

1952 67.6 67.9 67.9 

1953 68.4 69.0 69.4 

1954 69.8 69.6 69.0 

1955 67.7 67.9 68.2 

1956 69.3 69.6 69.9 

1957 70.0 70.1 70.1 

1958 71.0 70.8 70.3 

1959 69.5 69.0 70.2 

1960 70.2 71.0 71.2 

1961 71.5 70.9 70.7 

1962 70.2 70.6 70.5 

1963 70.4 70.1 70.1 

1964 69.8 70.0 70.1 

1965 69.4 69.1 69.3 

1966 69.0 69.8 70.4 

1967 71.1 71.2 71.2 

1968 71.7 71.7 72.0 

1969 72.4 73.1 73.8 

1970 75.5 75.3 75.4 

1971 74.8 74.9 75.0 

1972 74.5 74.9 74.4 

1973 73.5 73.9 73.9 

1974 74.8 75.2 76.0 

1975 76.6 75.5 74.3 

1976 74.4 75.1 75.4 

1977 74.9 74.3 73.7 

1978 74.8 73.9 73.7 

1979 73.7 73.9 74.1 

1980 74.9 76.0 75.8 

1981 74.9 74.9 73.9 

1982 75.8 75J 76.4 

4.8 

4.1 

-3.3 

9.5 

.8 

9.7 

-3.9 

7.7 

3.8 

4.7 

-5.3 

10.0 

3.8 

-3.0 

10.6 

1.2 

4.3 

2.7 

10.1 

3.6 

4.4 

1.4 

-2.3 

-3.1 

3.5 

7.5 

3.3 

-5.2 

3.6 

3.7 

.8 

5.5 

.7 

3.8 

-4.9 

-1.3 

Percent change* 

55. Personal consumption 

Annual rate, bi 

23.06 

26.38 

22.31 

28.31 

31.52 

31.41 

33.70 

32.75 

39.99 

46.43 

47.16 

41.48 

46.03 

48.21 

49.18 

51.49 

55.74 

64.09 

74.82 

85.08 

83.98 

90.99 

102.79 

105.02 

111.56 

128.18 

141.76 

163.68 

157.58 

178.89 

204.76 

247.36 

284.30 

299.58 

327.83 

302.77 

66.0 

64.6 

66.6 

64.8 

66.1 

68.3 

70.6 

68.5 

68.4 

70.2 

70.7 

69.6 

70.3 

71.5 

70.3 

70.2 

70.2 

70.4 

69.3 

70.5 

71.3 

72.3 

74.7 

75.8 

74.6 

74.1 

73.8 

76.3 

74.3 

75.7 

74.4 

73.4 

74.8 

75.6 

74.5 

76.4 

-1.7 

4.1 

.5 

8.7 

8.3 

3.7 

3.8 

-1.2 

6.7 

2.1 

1.8 

-.4 

6.0 

2.2 

2.6 

5.8 

4.0 

5.3 

6.0 

6.0 

2.7 

4.6 

2.8 

-.2 

3.4 

5.7 

5.8 

-.6 

-1.2 

5.4 

5.5 

5.0 

2.8 

-.3 

2.6 

-1.9 

[Annual rate, bMohs of dohrs] Average 

21.80 

25.46 

23.54 

25.32 

30.83 

31.59 

33.58 

33.13 

36.58 

44.76 

48.12 

42.17 

44.78 

48.63 

47.82 

51.28 

53.25 

61.66 

70.43 

82.22 

83.42 

88.45 

99.52 

105.61 

108.53 

120.25 

137.70 

156.98 

157.71 

171.45 

198.08 

231.24 

270.46 

295.63 

321.49 

316.43 

Average 

66.3 

64.3 

66.1 

65.2 

66.0 

67.9 

69.4 

69.2 

68.0 

69.8 

70.2 

70.4 

69.8 

71.0 

70.8 

70.4 

70.2 

70.1 

69.3 

69.9 

71.2 

71.9 

73.5 

75.5 

74.8 

74.5 

73.8 

75.6 

75.2 

75.2 

74.3 

74.0 

74.1 

75.6 

74.6 

76.1 

4.8 

6.2 

9.0 

11.7 

10.1 

9.3 

12.0 

11.3 

15.7 

13.5 

14.7 

12.2 

15.9 

16.6 

14.8 

18.0 

20.5 

21.8 

25.3 

25.1 

24.5 

29.3 

30.3 

27.3 

34.1 

38.2 

41.2 

34.8 

38.2 

50.0 

57.5 

63.1 

64.8 

61.8 

69.3 

73.9 

1947 4.4 4.8 4.5 5.4 

1948 6.0 5.5 6.3 6.9 

1949 7.3 9.3 9.6 9.6 

1950 10.4 10.9 13.2 12.3 

1951 12.1 10.3 9.3 8.8 

1952 9.2 9.5 7.5 10.9 

1953 12.3 12.2 12.0 11.5 

1954... 11.1 11.6 10.8 11.8 

1955 14.2 16.0 16.9 15.7 

1956 14.0 13.2 12.9 14.1 

1957 15.4 15.0 14.1 14.4 

1958 12.3 12.0 11.9 12.7 

1959 15.3 16.4 17.1 14.8 

1960 16.4 16.9 17.1 16.0 

1961 13.6 14.2 14.9 16.3 

1962 17.0 18.0 17.7 19.2 

1963 19.8 20.6 20.6 21.1 

1964 21.7 21.9 23.0 20.6 

1965 25.6 24.8 25.4 25.4 

1966 27.0 24.0 24.8 24.6 

1967 22.9 25.5 25.0 24.6 

1968 28.0 28.5 30.6 30.1 

1969 30.7 30.0 30.5 30.0 

1970 27.8 29.0 29.0 23.3 

1971 32.8 33.7 34.3 35.7 

1972 36.1 37.4 38.6 40.9 

1973 44.2 43.0 41.0 36.8 

1974 34.2 34.4 38.0 32.6 

1975 34.6 34.8 40.5 43.0 

1976 48.5 49.4 49.9 52.1 

1977 56.9 57.0 58.0 57.9 

1978 56.4 65.3 64.8 66.0 

1979 66.8 62.4 66.8 63.2 

1980 68.3 52.6 61.0 65.1 

1981 73.2 66.4 73.7 64.0 

1982 70.4 7 U 74J) 797 

63. todei of unit tabor cost, tnnann sector 

[1977-100] Average 

1947 37.6 38.5 39.0 40.2 38.9 

1948 39.6 39.2 40.7 40.8 40.0 

1949 40.4 40.0 39.7 40.2 40.1 

1950 39.8 39.6 39.6 40.1 39.8 

1951 41.9 42.9 42.5 42.7 42.5 

1952 43.1 43.4 43.8 44.6 43.8 

1953 44.9 44.9 45.5 45.4 45.1 

1954 „ 46.0 46.3 45.6 45.6 45.9 

1955 45.0 45.1 45.1 45.7 45.2 

1956 46.8 47.6 48.0 48.3 47.7 

1957 49.0 49.4 49.7 50.1 49.5 

1958 50.5 50.2 50.3 49.7 50.2 

1959 50.0 50.0 51.1 51.5 50.7 

1960 51.5 52.0 52.1 52.6 52.1 

1961 52.7 52.3 52.3 52.1 52.3 

1962 52.5 53.0 52.6 52.7 52.7 

1963 52.9 52.4 52.5 52.8 52.7 

1964 52.9 53.0 53.1 53.3 53.1 

1965 53.2 53.3 53.3 53.3 53.3 

1966 54.0 55.2 55.7 56.3 55.3 

1967 56.8 56.7 57.1 57.3 56.9 

1968 58.4 59.0 59.6 60.7 59.4 

1969 61.3 62.8 64.1 65.4 63.4 

1970 66.8 67.1 67.5 68.8 67.5 

1971 68.4 69.5 69.8 70.1 69.5 

1972 71.1 71.2 71.7 72.0 71.5 

1973 72.8 74.5 76.3 77.5 75.3 

1974 80.3 83.0 86.0 88.3 84.4 

1975 90.6 89.8 89.6 91.9 90.5 

1976 92.7 94.2 95.9 97.7 95.1 

1977 98.1 99.3 100.1 102.4 100.0 

1978 105.0 106.5 108.9 111.4 108.0 

1979 114.7 117.8 121.3 124.1 119.5 

1980 127.3 131.9 134.4 137.2 132.7 

1981 139.0 140.7 142.3 146.4 142.1 

1982 149.9 152JI 154,7 155J 153.3 

67. Bank rates on short-term business loans @ 

[Percent] Average 

1947 2.10 2.10 2.10 2.10 2.10 

1948 2.40 2.47 2.60 2.64 2.53 

1949 2.70 2.74 2.63 2.65 2.68 

1950 2.60 2.68 2.63 2.84 2.69 

1951 3.02 3.07 3.06 3.27 3.10 

1952 3.45 3.51 3.49 3.51 3.49 

1953 3.54 3.73 3.74 3.76 3.69 

1954 3.72 3.60 3.56 3.55 3.61 

1955 3.54 3.56 3.77 3.93 3.70 

1956 3.93 4.14 4.35 4.38 4.20 

1957 4.38 4.40 4.83 4.85 4.62 

1958 4.49 4.17 4.21 4.50 4.34 

1959 4.51 4.87 5.27 5.36 5.00 

1960 5.34 5.35 4.97 4.99 5.16 

1961 4.97 4.97 4.99 4.96 4.97 

1962 4.98 5.01 4.99 5.02 5.00 

1963 5.00 5.01 5.01 5.00 5.00 

1964 4.99 4.99 4.98 5.00 4.99 

1965 4.97 4.99 5.00 5.27 5.06 

1966 5.55 5.82 6.30 6.31 6.00 

1967 6.13 5.95 5.95 5.96 6.00 

1968 6.36 6.84 6.89 6.61 6.68 

1969 7.32 7.86 8.82 8.83 8.21 

1970 8.86 8.49 8.50 8.07 8.48 

1971 6.59 6.01 6.51 6.18 6.32 

1972 5.52 5.59 5.84 6.33 5.82 

1973 6.52 7.35 9.24 10.08 8.30 

1974 9.91 11.15 12.40 11.64 11.28 

1975 9.94 8.16 8.22 8.29 8.65 

1976 7.54 7.44 7.80 7.28 7.52 

1977 7.50 7.40 7.80 8.64 7.84 

1978 8.90 8.96 9.92 11.44 9.80 

1979 12.27 12.34 12.31 15.81 13.18 

1980 15.67 17.75 11.56 15.71 15.17 

1981 19.91 19.99 21.11 17.23 19.56 

1982 17.13 17J1 13,27 11.26 14.69 

See footnotes at end of this part. 145 

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
68. Labor cost ii current dolars per unit of gross domestic product in 1972 dolars, 

[Doiars] 

1947 

1948 0.378 0.375 0.389 

1949 388 .389 .384 

1950 .384 .380 .382 

1951.. 401 .409 .409 

1952 422 .428 .433 

1953 435 .438 .440 

1954 451 .449 .444 

1955 435 .435 .440 

1956 458 .464 .471 

1957 479 .481 .486 

1958 502 .500 .498 

1959 490 .488 .498 

1960 499 .508 .505 

1961 511 .506 .503 

1962 .499 .504 .500 

1963 499 .493 .491 

1964 492 .496 .498 

1965 496 .495 .498 

1966 504 .514 .519 

1967 535 .535 .540 

1968 550 .555 .559 

1969 577 .588 .598 

1970 624 .628 .631 

1971 635 .642 .644 

1972 *. 653 .658 .661 

1973 669 .683 .697 

1974 743 .773 .804 

1975 842 .832 .829 

1976 853 .870 .884 

1977 913 .920 .928 

1978 975 .982 1.007 

1979 1.053 1.079 1.107 

1980 1.174 1.215 1.227 

1981 1.272 1.290 1.306 

1982 1.374 U9 4 1.403 

80. Corporate profits after tax with IVA and CCAdj in 1972 dolars 

[Annual rate, bMons of dolars] 

1947 15.4 24.2 23.8 

1948 31.0 32.6 30.2 

1949 33.6 31.5 33.3 

1950 27.0 28.3 28.9 

1951 19.9 27.0 31.1 

1952 28.7 26.4 25.9 

1953 28.7 26.8 25.5 

1954 25.8 26.9 28.1 

1955 36.5 37.7 37.2 

1956 34.1 32.8 32.6 

1957 32.2 32.3 32.0 

1958 25.3 25.7 28.1 

1959 35.2 39.1 35.0 

1960 36.9 34.2 34.5 

1961 32.1 35.5 36.4 

1962 44.2 43.4 44.2 

1963 46.7 48.9 49.4 

1964 55.3 55.1 55.3 

1965 63.2 64.8 64.9 

1966 68.4 65.9 64.0 

1967 62.5 61.2 61.8 

1968 58.1 61.1 60.5 

1969 57.1 53.9 51.9 

1970 41.0 42.9 40.8 

1971 45.8 45.4 47.9 

1972 53.9 53.5 55.4 

1973 60.8 55.0 55.0 

1974 47.3 41.4 29.6 

1975 36.8 43.6 50.6 

1976 58.1 54.4 54.4 

1977 57.7 66.6 74.2 

1978 65.7 71.8 72.8 

1979 69.0 66.1 65.1 

1980 52.7 52.0 48.3 

1981 53.8 53.5 57.2 

1982 49.9 5 U 51.9 

82. Capacity utikation rate, manufacturing 

[Percent] 

1947 

1948 83.9 83.3 82.5 

1949 76.9 73.5 73.8 

1950 75.6 81.1 87.0 

1951 88.3 87.4 84.1 

1952 84.6 82.9 84.2 

1953 91.0 91.3 90.0 

1954 80.8 79.7 79.1 

1955 84.5 87.4 87.5 

1956 87.6 86.5 84.2 

1957 86.5 84.6 83.9 

1958 74.1 72.4 75.4 

1959 81.4 84.6 80.5 

1960 84.5 81.3 78.9 

1961 73.8 76.4 78.4 

1962 81.2 81.3 81.6 

1963 82.3 83.8 83.6 

1964 84.5 85.5 86.1 

1965 88.9 89.4 89.9 

1966 91.1 91.6 91.2 

1967 88.2 86.6 85.9 

1968 87.1 87.4 86.9 

1969 87.3 86.6 86.6 

1970 81.7 80.4 79.3 

1971 77.9 78.3 78.1 

1972 81.3 82.8 83.7 

1973 87.2 87.6 87.7 

1974 85.5 85.4 85.1 

1975 70.3 70.7 74.6 

1976 78.5 79.5 80.1 

1977 80.9 82.3 82.7 

1978 82.4 84.2 85.5 

1979 87.2 86.2 85.7 

1980 83.8 78.3 76.4 

1981 80.6 80.8 80.3 

1982 72.9 71.6 71.0 

Average 

79. Corporate profits after tax with IVA and CCAdj in current dolars 

" ' !,bCons of dolars] 

0.387 

.390 

.387 

.412 

.435 

.451 

.442 

.446 

.477 

.492 

.491 

.499 

.508 

.497 

.497 

.494 

.501 

.497 

.525 

.540 

.566 

.611 

.641 

.645 

.665 

.716 

.825 

.844 

.903 

.950 

1.025 

1.136 

1.255 

1.342 

1.419 

24.2 

33.8 

27.5 

30.5 

29.7 

28.9 

21.9 

31.1 

36.8 

31.1 

29.2 

31.8 

36.0 

32.9 

38.6 

46.9 

49.6 

55.0 

66.6 

66.2 

63.2 

59.5 

45.5 

37.2 

50.5 

57.2 

55.6 

32.1 

54.8 

53.1 

65.4 

73.9 

57.6 

47.0 

57.4 

51.6 

80.4 

72.4 

87.5 

83.5 

89.8 

84.7 

80.8 

88.6 

86.3 

79.4 

78.2 

80.1 

75.8 

80.6 

81.6 

84.2 

86.5 

90.0 

90.6 

86.9 

86.9 

85.0 

76.7 

79.4 

86.0 

87.5 

79.1 

76.1 

80.2 

82.9 

86.6 

84.8 

79.7 

75.9 

69.0 

0.382 

.388 

.383 

.408 

.430 

.441 

.446 

.439 

.467 

.484 

.497 

.494 

.505 

.504 

.500 

.494 

.497 

.497 

.515 

.538 

.558 

.594 

.631 

.641 

.659 

.692 

.786 

.837 

.878 

.928 

.998 

1.094 

1.218 

1.302 

1.397 

Average 

21.9 

31.9 

31.5 

28.7 

26.9 

27.5 

25.7 

28.0 

37.0 

32.6 

31.4 

27.7 

36.3 

34.6 

35.6 

44.7 

48.6 

55.2 

64.9 

66.1 

62.2 

59.8 

52.1 

40.5 

47.4 

55.0 

56.6 

37.6 

46.4 

55.0 

66.0 

71.0 

64.4 

50.0 

55.5 

51.1 

82.5 

74.2 

82.8 

85.8 

85.4 

89.2 

80.1 

87.0 

86.2 

83.6 

75.0 

81.6 

80.1 

77.3 

81.4 

83.5 

85.6 

89.6 

91.1 

86.9 

87.1 

86.4 

79.5 

78.4 

83.4 

87.5 

83.8 

72.9 

79.6 

82.2 

84.7 

86.0 

79.6 

79.4 

71.1 

1947... 

1948... 

1949 

1950 

1951 

1952 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972.. 

1973... 

1974.. 

1975.. 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

7.6 

16.1 

18.1 

14.7 

11.9 

17.4 

17.7 

16.2 

22.9 

22.3 

22.1 

17.6 

25.1 

26.6 

23.2 

32.1 

34.4 

41.1 

47.5 

52.5 

49.6 

47.8 

49.1 

37.0 

43.4 

53.2 

62.1 

52.2 

45.9 

77.5 

80.4 

97.7 

111.2 

92.6 

103.1 

101.7 

11.8 

17.2 

17.0 

15.6 

16.0 

16.1 

16.8 

16.9 

23.9 

21.7 

22.3 

18.0 

27.9 

24.7 

25.6 

31.6 

36.0 

41.1 

48.9 

51.2 

49.0 

50.7 

46.9 

39.2 

43.6 

53.3 

57.1 

47.2 

55.6 

72.9 

94.5 

109.4 

109.0 

93.5 

104.6 

105.3 

12.0 

16.5 

17.9 

16.4 

18.6 

15.7 

16.0 

17.5 

23.8 

21.8 

22.3 

19.8 

25.0 

24.9 

26.4 

32.2 

36.5 

41.4 

49.2 

50.0 

49.7 

50.8 

45.7 

37.8 

46.4 

55.6 

58.2 

35.0 

65.7 

73.7 

107.2 

112.8 

109.7 

88.6 

113.8 

107.6 

12.5 

18.3 

14.8 

17.4 

18.0 

17.7 

13.7 

19.5 

23.7 

21.0 

20.4 

22.4 

25.9 

23.7 

28.0 

34.4 

36.8 

41.2 

50.7 

52.1 

51.3 

50.6 

40.7 

34.9 

49.4 

57.9 

59.7 

38.8 

72.3 

72.9 

96.1 

116.6 

98.9 

87.9 

116.5 

107.9 

Average 

1947 

1948 

1949 

1950 

1951 

1952 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966.. 

1967.. 

1968.. 

1969.. 

1970.. 

1971.. 

1972.. 

1973.. 

1974.. 

1975.. 

1976.. 

1977.. 

1978.. 

1979.. 

1980.. 

1981.. 

1982.. 

6.9 

12.9 

14.2 

11.6 

7.0 

10.0 

9.3 

8.9 

11.5 

10.0 

9.3 

7.8 

10.2 

9.8 

8.6 

11.2 

11.1 

12.3 

13.2 

13.3 

11.8 

10.4 

9.5 

6.4 

7.3 

8.2 

8.1 

5.1 

4.8 

7.9 

7.3 

7.7 

7.4 

4.5 

5.5 

5.5 

10.6 

13.4 

13.8 

11.5 

9.5 

9.4 

8.7 

9.2 

11.6 

9.6 

9.2 

8.0 

10.9 

9.1 

9.5 

10.7 

11.5 

12.2 

13.3 

12.7 

11.6 

10.7 

8.8 

6.8 

7.1 

8.0 

7.0 

4.4 

6.1 

7.1 

8.4 

8.6 

6.7 

4.8 

5.7 

5.6 

10.6 

12.6 

14.6 

11.0 

11.1 

8.9 

8.3 

9.5 

11.3 

9.5 

9.2 

8.6 

9.8 

9.4 

9.5 

10.8 

11.5 

12.1 

13.2 

12.2 

11.5 

10.4 

8.4 

6.5 

7.6 

8.1 

6.6 

2.7 

7.1 

7.0 

9.3 

8.4 

6.1 

4.5 

6.1 

5.8 

10.4 

13.9 

12.6 

11.1 

10.5 

9.6 

7.4 

10.1 

10.9 

8.9 

8.7 

9.4 

10.0 

8.9 

9.9 

11.3 

11.3 

11.9 

13.3 

12.5 

11.6 

10.1 

7.3 

6.1 

7.9 

8.1 

6.7 

3.5 

7.3 

6.8 

8.2 

8.1 

5.2 

4.8 

6.0 

5.6 

11.0 

17.0 

16.9 

16.0 

16.1 

16.7 

16.0 

17.5 

23.4 

21.8 

21.8 

19.5 

26.0 

24.9 

25.8 

32.6 

35.9 

41.2 

49.1 

51.4 

49.9 

50.0 

45.6 

37.2 

45.7 

55.0 

59.3 

43.3 

59.9 

74.3 

94.6 

109.1 

107.2 

90.6 

109.5 

105.6 

81. Ratio, corporate domestic profits after tax with IVA and CCAdj to total corporate 

[Percent] 

9.6 

13.2 

13.8 

11.3 

9.5 

9.5 

8.4 

9.4 

11.3 

9.5 

9.1 

8.4 

10.2 

9.3 

9.4 

11.0 

11.4 

12.1 

13.2 

12.7 

11.6 

10.4 

8.5 

6.4 

7.5 

8.1 

7.1 

3.9 

6.3 

7.2 

8.3 

8.2 

6.4 

4.6 

5.8 

5.6 

1947.. 

1948.. 

1949.. 

1950.. 

1951.. 

1952.. 

83. Capacity titifeatjon rate, manufacturers 

[Percent] End of period 

1953.. 

1954.. 

1955... 

1956.. 

1957.. 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

84 

85 

85 

82 

75 

82 

84 

84 

78 

72 

87 

83 

85 

84 

82 

81 

75 

82 

84 

84 

83 

76 

78 

71 

84 

84 

85 

79 

80 

83 

85 

84 

82 

83 

82 

76 

76 

69 

86 

85 

85 

85 

85 

78 

79 

81 

82 

84 

81 

78 

72 

68 

85 

85 

85 

84 

85 

85 

78 

79 

81 

82 

84 

81 

78 

72 

68 

146 

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Y Quarterly 

Year

 IQ IIQ III Q 

84. Capacity utibation rate, materiab 

[Percent] 

1947 

1948 88.1 88.3 88.0 

1949 80.3 74.4 75.4 

1950 80.7 87.0 92.6 

1951 93.6 93.5 88.6 

1952 85.5 79.7 83.5 

1953 91.3 92.4 90.4 

1954 79.6 79.8 79.7 

1955 88.3 92.4 93.4 

1956 92.8 90.7 85.0 

1957 88.2 85.4 85.3 

1958 72.6 71.1 77.1 

1959 84.8 89.5 77.8 

1960 86.6 80.9 78.0 

1961 71.9 76.5 80.7 

1962 82.9 81.1 80.7 

1963 81.8 85.0 83.6 

1964 85.7 87.1 88.7 

1965 91.0 91.2 91.7 

1966 91.8 92.0 91.9 

1967 87.4 85.2 85.1 

1968 86.8 87.8 87.2 

1969 88.2 88.2 88.8 

1970 84.5 82.7 82.6 

1971 81.6 82.2 80.5 

1972 84.4 86.1 87.4 

1973 91.3 91.8 92.3 

1974 89.8 88.9 88.4 

1975 71.0 70.3 74.6 

1976 79.8 81.2 81.9 

1977 81.6 83.1 82.6 

1978 82.5 85.0 86.4 

1979 88.6 87.7 87.5 

1980 86.2 79.2 75.6 

1981 82.7 81.9 82.0 

1982 73.0 707 69.4 

87. Gross private nonresidential fixed investment h 1972 dofars, 

[Annual rate, Mfans of dotes] 

1947 17.7 17.4 17.4 

1948 17.4 18.3 18.9 

1949 18.7 18.3 17.5 

1950 18.0 18.7 19.7 

1951 20.4 21.1 21.0 

1952 20.2 20.4 20.6 

1953 22.0 22.5 22.6 

1954 23.5 23.7 23.7 

1955 24.5 25.0 25.9 

1956 27.3 28.4 28.8 

1957 28.5 28.5 28.4 

1958 27.9 26.9 26.2 

1959 26.3 27.2 28.0 

1960 29.3 29.0 29.2 

1961 30.6 30.1 30.1 

1962 30.4 31.6 32.7 

1963 30.6 32.1 32.3 

1964 32.8 34.3 35.1 

1965 37.6 40.7 40.9 

1966 43.8 43.2 44.1 

1967 42.8 41.7 41.9 

1968 43.0 42.4 42.1 

1969 44.1 44.5 45.9 

1970 44.2 44.3 43.9 

1971 43.2 42.9 43.0 

1972 43.5 43.9 44.0 

1973 45.9 47.3 48.3 

1974 46.6 45.2 41.8 

1975 38.6 37.6 38.3 

1976 39.2 39.4 39.8 

1977 38.9 40.2 41.3 

1978 41.9 44.7 45.7 

1979 46.6 48.2 50.4 

1980 50.9 48.4 47.5 

1981 50.1 51.6 53.5 

1982 54J 54J) 53.0 

89. Gross private residential fixed investment in 1972 dofc 

[Annual rate, Mfans of doiars] 

1947 19.6 18.6 21.4 

1948 25.4 26.9 26.0 

1949 22.3 22.0 23.9 

1950 30.3 33.2 35.0 

1951 31.4 27.1 25.3 

1952 26.0 26.5 26.2 

1953 28.0 28.2 27.1 

1954 27.3 29.0 30.8 

1955 35.2 35.7 34.9 

1956 32.1 31.9 31.2 

1957 29.9 29.2 28.9 

1958 28.2 28.2 30.2 

1959 37.1 38.4 37.6 

1960 37.3 34.1 32.9 

1961 32.9 33.1 34.9 

1962 36.4 38.0 38.3 

1963 39.5 42.6 43.1 

1964 45.6 43.4 42.1 

1965 42.9 43.6 42.5 

1966 42.4 39.8 37.7 

1967 32.3 36.1 38.4 

1968 41.9 43.0 43.3 

1969 45.6 45.0 43.2 

1970 40.6 38.4 40.4 

1971 47.8 52.6 56.0 

1972 62.4 63.4 63.7 

1973 66.9 63.7 61.1 

1974 52.8 50.1 47.4 

1975 39.4 40.3 43.1 

1976 49.4 50.3 49.9 

1977 56.7 61.2 62.8 

1978 60.9 63.7 63.1 

1979 60.7 59.6 59.5 

1980 53.0 42.4 44.0 

1981 48.8 47.3 43.1 

1982 36.3 37.8 36.5 

IV Q Annual Year 

Quarterly 

1Q IIQ HI Q 

86. Gross private nonresidential fixed investment in 1972 doiars 

[Annual rate, Mfans of doiars] 

IV Q Annual 

Average 

84.7 

74.7 

93.5 

85.3 

90.7 

83.5 

83.3 

93.9 

89.2 

80.0 

80.8 

79.8 

73.7 

82.6 

81.3 

84.8 

89.8 

90.2 

90.1 

86.3 

87.3 

87.9 

80.0 

81.3 

89.7 

91.5 

81.0 

77.0 

81.3 

82.9 

88.3 

86.7 

80.6 

76.2 

67.1 

17.1 

19.1 

17.1 

20.4 

20.1 

21.4 

23.1 

23.7 

26.4 

28.8 

28.3 

26.4 

27.9 

30.6 

29.9 

31.9 

32.8 

35.6 

43.4 

42.7 

41.5 

43.6 

45.4 

43.3 

42.3 

45.2 

47.9 

40.8 

38.5 

39.5 

41.2 

46.2 

51.2 

48.3 

54.6 

52.2 

25.6 

24.1 

26.9 

33.3 

25.5 

27.6 

26.9 

32.7 

33.3 

30.7 

29.0 

33.5 

36.4 

32.7 

36.3 

38.2 

44.7 

41.4 

41.9 

33.0 

41.5 

44.0 

40.5 

44.5 

58.2 

65.7 

57.4 

42.4 

45.9 

55.0 

61.9 

61.8 

56.7 

49.0 

39.4 

40.6 

87.3 

76.2 

88.4 

90.2 

84.8 

89.4 

80.6 

92.0 

89.4 

84.7 

75.4 

83.0 

79.8 

77.9 

81.5 

83.8 

87.8 

91.0 

91.4 

86.0 

87.3 

88.3 

82.4 

81.4 

86.9 

91.7 

87.0 

73.2 

81.0 

82.6 

85.6 

87.6 

80.4 

80.7 

70.0 

Average 

17.4 

18.4 

17.9 

19.2 

20.7 

20.6 

22.6 

23.6 

25.4 

28.3 

28.4 

26.8 

27.4 

29.5 

30.2 

31.6 

31.9 

34.4 

40.6 

43.4 

42.0 

42.8 

45.0 

43.9 

42.8 

44.1 

47.4 

43.6 

38.3 

39.5 

40.4 

44.6 

49.1 

48.8 

52.5 

53.4 

21.3 

25.6 

23.8 

33.0 

27.3 

26.6 

27.5 

29.9 

34.8 

31.5 

29.2 

30.0 

37.4 

34.2 

34.3 

37.7 

42.5 

43.1 

42.7 

38.2 

37.1 

43.1 

43.6 

41.0 

53.7 

63.8 

62.3 

48.2 

42.2 

51.2 

60.7 

62.4 

59.1 

47.1 

44.7 

37.8 

1947... 

1948... 

1949... 

1950... 

1951... 

1952... 

1953... 

1954... 

1955... 

1956... 

1957... 

1958... 

1959... 

I960.. 

1961... 

1962.. 

1963.. 

1964.. 

1965.. 

1966.. 

1967.. 

1968.. 

1969.. 

1970.. 

1971... 

1972.. 

1973.. 

1974.. 

1975.. 

1976.. 

1977... 

1978.. 

1979.. 

1980.. 

1981... 

1982.. 

49.8 

51.6 

49.3 

44.8 

51.8 

53.1 

55.6 

55.3 

56.6 

64.3 

66.1 

61.5 

61.1 

67.4 

65.2 

70.0 

71.8 

79.3 

91.7 

106.7 

105.8 

109.9 

115.1 

115.4 

110.8 

117.3 

132.8 

140.3 

120.7 

122.0 

134.5 

148.5 

168.0 

171.8 

170.9 

173.6 

48.9 

50.4 

46.8 

48.9 

53.0 

53.6 

55.9 

54.8 

60.2 

65.3 

65.9 

58.8 

63.1 

67.8 

66.3 

72.2 

74.1 

81.6 

95.6 

108.1 

105.5 

107.4 

116.2 

115.0 

112.1 

119.1 

138.3 

138.2 

117.8 119.2 

124.1 127.4 

138.8 141.2 

157.9 161.6 

168.0 172.9 

162.2 163.6 

173.4 177.0 

167.1 163.3 

48.0 

50.4 

44.4 

53.0 

53.9 

48.9 

57.0 

56.0 

63.2 

66.2 

67.3 

57.6 

65.0 

66.2 

66.5 

73.3 

76.1 

83.9 

98.9 

109.0 

104.8 

108.6 

118.5 

114.7 

112.2 

120.4 

140.5 

135.2 

49.0 

51.9 

43.5 

53.3 

52.8 

52.8 

56.7 

55.6 

65.2 

65.7 

65.7 

59.3 

65.1 

66.3 

68.6 

72.5 

78.2 

86.0 

103.4 

108.2 

106.3 

112.3 

117.4 

110.3 

113.6 

127.2 

140.7 

129.1 

119.6 

128.9 

146.5 

165.2 

170.9 

165.7 

176.3 

160.5 

88 Gross private nonresidential fixed investment 

J f c ■ ■ -

1947.. 

1948.. 

1949 

1950 

1951 

1952 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972.. 

1973.. 

1974.. 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

32.2 

34.2 

30.6 

26.9 

31.4 

32.9 

33.6 

31.8 

32.1 

36.9 

37.6 

33.7 

34.8 

38.1 

34.6 

39.6 

41.2 

46.5 

54.1 

62.9 

63.0 

66.9 

71.1 

71.1 

67.7 

73.8 

86.8 

93.6 

82.2 

82.8 

95.6 

106.7 

121.3 

120.9 

120.8 

119.3 

in 1972 

rate, Mhns of doiars] 

31.5 30.6 

32.1 31.5 

28.5 26.9 

30.1 33.3 

31.9 32.9 

33.2 28.3 

33.4 34.4 

31.1 32.3 

35.1 

36.9 

37.4 

31.9 

35.9 

38.8 

36.2 

40.6 

42.1 

47.4 

55.0 

64.9 

63.8 

65.1 

71.7 

70.7 

69.2 

75.1 

90.9 

93.0 

80.2 

84.6 

98.6 

113.1 

119.7 

113.7 

121.7 

113.1 

37.3 

37.4 

38.9 

31.4 

37.1 

37.0 

36.5 

40.6 

43.9 

48.9 

58.0 

64.9 

62.9 

66.4 

72.6 

70.8 

69.2 

76.3 

92.1 

93.5 

80.9 

87.7 

99.9 

115.9 

122.5 

116.1 

123.5 

110.3 

31.9 

32.7 

26.5 

33.0 

32.7 

31.4 

33.6 

31.8 

38.8 

37.0 

37.3 

32.9 

37.2 

35.7 

38.6 

40.5 

45.5 

50.4 

60.0 

65.5 

64.9 

68.7 

72.0 

67.0 

71.3 

82.1 

92.9 

88.2 

81.1 

89.4 

105.4 

119.0 

119.7 

117.4 

121.8 

108.3 

97. Backlog of capital appropriations, 1,000 manufacturinf corporations 

' — s of doiars] 

1947.. 

1948.. 

1949.. 

1950.. 

1951.. 

1952.. 

1953.. 

1954.. 

1955.. 

1956.. 

1957.. 

1958.. 

1959.. 

I960.. 

1961.. 

1962.. 

1963.. 

1964.. 

1965.. 

1966.. 

J* 

1967.. 

1968.. 

1969.. 

1970.. 

1971.. 

1972.. 

1973.. 

1974.. 

1975.. 

1976.. 

1977.. 

1978.. 

1979.. 

1980.. 

1981.. 

1982.. 

5.81 

5.25 

5.46 

11.15 

11.95 

7.94 

7.52 

9.50 

8.13 

8.31 

8.56 

11.33 

14.83 

19.00 

19.98 

20.03 

21.40 

23.13 

20.20 

19.42 

26.03 

39.84 

49.10 

46.07 

49.28 

59.71 

67.52 

82.36 

93.44 

91.11 

5.66 

4.88 

6.62 

11.82 

11.48 

7.24 

8.13 

9.09 

7.% 

8.19 

9.05 

12.41 

15.91 

20.21 

19.83 

19.93 

22.71 

22.50 

19.48 

20.40 

29.62 

44.80 

47.59 

46.39 

50.68 

59.95 

69.80 

86.38 

96.18 

82.82 

5.76 

4.65 

8.26 

11.97 

10.30 

7.09 

8.81 

8.50 

8.07 

8.16 

9.66 

13.69 

16.78 

20.28 

19.89 

20.28 

23.23 

21.71 

19.29 

21.40 

33.36 

50.01 

45.34 

45.89 

53.94 

60.78 

73.25 

88.12 

97.34 

74.29 

5.61 

4.82 

9.85 

11.92 

9.13 

7.07 

9.41 

8.41 

8.07 

8.54 

10.48 

13.96 

17.92 

20.21 

19.86 

20.85 

23.44 

20.86 

18.89 

23.28 

37.11 

49.79 

46.45 

47.53 

56.49 

63.37 

76.47 

90.73 

92.74 

70.39 

48.9 

51.1 

46.0 

50.0 

52.9 

52.1 

56.3 

55.4 

61.3 

65.4 

66.2 

59.3 

63.6 

66.9 

66.7 

72.0 

75.1 

82.7 

97.4 

108.0 

105.6 

109.5 

116.8 

113.8 

112.2 

121.0 

138.1 

135.7 

119.3 

125.6 

140.3 

158.3 

169.9 

165.8 

174.4 

166.1 

31.5 

32.6 

28.1 

30.8 

32.2 

31.5 

33.7 

31.8 

35.9 

37.0 

37.8 

32.5 

36.2 

37.4 

36.5 

40.4 

43.1 

48.3 

56.8 

64.5 

63.6 

66.8 

71.8 

69.9 

69.3 

76.9 

90.7 

92.1 

81.1 

86.1 

99.9 

113.7 

120.8 

117.0 

121.9 

112.7 

End of period 

5.61 

4.82 

9.85 

11.92 

9.13 

7.07 

9.41 

8.41 

8.07 

8.54 

10.48 

13.% 

17.92 

20.21 

19.86 

20.85 

23.44 

20.86 

18.89 

23.28 

37.11 

49.79 

46.45 

47.53 

56.49 

63.37 

76.47 

90.73 

92.74 

70.39 

See footnotes at end of this part. 

Digitized 

147 

for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Year 

Quarterly 

1Q IIQ III Q 

107. Ratio, gross national product to money supply M l 

[Ratio] 

IV Q Annual 

Average 

Year 

Quarterly 

IQ I IQ IV Q 

1947 2.084 2.090 2.110 

1948 2.248 2.337 2.398 

1949 2.383 2.347 2.373 

1950 2.431 2.479 2.609 

1951 2.784 2.825 2.846 

1952 2.816 2.795 2.812 

1953 2.919 2.927 2.915 

1954 2.857 2.848 2.856 

1955 2.959 3.002 3.053 

1956 3.097 3.132 3.168 

1957 3.270 3.286 3.336 

1958 3.265 3.257 3.320 

1959 3.400 3.470 3.432 

1960 3.598 3.598 3.577 

1961 3.561 3.611 3.650 

1962 3.770 3.802 3.849 

1963 3.875 3.896 3.931 

1964 4.016 4.043 4.033 

1965 4.113 4.167 4.208 

1966 4.309 4.328 4.402 

1967 4.461 4.443 4.442 

1968 4.506 4.564 4.568 

1969 4.574 4.618 4.685 

1970 4.687 4.706 4.730 

1971 4.783 4.759 4.764 

1972 4.867 4.909 4.912 

1973 5.041 5.074 5.131 

1974 5.170 5.258 5.313 

1975 5.313 5.363 5.481 

1976 5.679 5.677 5.718 

1977 5.817 5.906 5.988 

1978 5.974 6.157 6.213 

1979 6.390 6.355 6.394 

1980 6.530 6.609 6.505 

1981 6.819 6.776 6.938 

1982 6J43 6797 6.739 

200. Gross national product in current dolars 

[Annual rate, bBons of dolars] 

1947 225.1 229.3 233.6 

1948 250.0 257.5 264.5 

1949 260.5 257.0 258.9 

1950 267.6 277.1 294.8 

1951 320.4 328.3 335.0 

1952 341.9 342.1 347.8 

1953 366.1 369.4 368.4 

1954 362.5 362.3 366.7 

1955 388.2 396.2 404.8 

1956 412.8 418.4 423.5 

1957 440.2 442.3 449.4 

1958 436.8 440.7 453.9 

1959 477.0 490.6 489.0 

1960 506.9 506.3 508.0 

1961 508.2 519.2 528.2 

1962 554.2 562.7 568.9 

1963 582.0 590.7 601.8 

1964 625.3 634.0 642.8 

1965 668.8 681.7 696.4 

1966 738.5 750.0 760.6 

1967 780.7 788.6 805.7 

1968 841.2 867.2 884.9 

1969 921.2 937.4 955.3 

1970 972.0 986.3 1,003.6 

1971 1,049.3 1,068.9 1,086.6 

1972 1,142.4 1,171.7 1,196.1 

1973 1,283.5 1,307.6 1,337.7 

1974 1,387.7 1,423.8 1,451.6 

1975 1,479.8 1,516.7 1,578.5 

1976 1,672.0 1,698.6 1,729.0 

1977 1,834.8 1,895.1 1,954.4 

1978 2,031.7 2,139.5 2,202.5 

1979 2,335.5 2,377.9 2,454.8 

1980 2,572.9 2,578.8 2,639.1 

1981 2,866.6 2,912.5 3,004.9 

1982 3,021.4 3,070.2 3,090.7 

200c. Percent change in gross national product in current d 

[Annual rate, percent] 

1947 .*. 8.3 7.6 7.7 

1948 10.3 12.5 11.3 

1949 -7.9 -5.3 3.1 

1950 17.9 15.0 28.0 

1951 19.7 10.2 8.5 

1952 3.2 .3 6.8 

1953 7.0 3.7 -1.1 

1954 -.7 -.2 5.0 

1955 14.1 8.5 9.0 

1956 1.7 5.5 4.9 

1957 7.7 1.9 6.6 

1958 -6.3 3.7 12.5 

1959 8.9 11.9 -1.3 

1960 10.0 -.5 1.4 

1961 2.7 9.0 7.1 

1962 8.9 6.3 4.4 

1963 5.4 6.1 7.7 

1964 8.7 5.7 5.7 

1965 13.0 7.9 8.9 

1966 12.4 6.4 5.8 

1967 3.1 4.1 9.0 

1968 9.0 13.0 8.4 

1969 9.6 7.2 7.9 

1970 4.2 6.0 7.2 

1971 16.9 7.7 6.8 

1972 13.9 10.7 8.6 

1973 17.2 7.7 9.6 

1974 3.2 10.8 8.0 

1975 1.6 10.4 17.3 

1976 13.0 6.5 7.3 

1977 14.8 13.8 13.1 

1978 8.9 23.0 12.3 

1979 9.8 7.5 13.6 

1980 11.7 .9 9.7 

1981 20.5 6.6 13.3 

1982 -1.4 6.6 2.7 

2.194 

2.419 

2.354 

2.689 

2.831 

2.882 

2.870 

2.894 

3.095 

3.217 

3.316 

3.377 

3.503 

3.557 

3.716 

3.862 

3.961 

4.020 

4.256 

4.474 

4.467 

4.552 

4.681 

4.682 

4.808 

4.944 

5.217 

5.330 

5.587 

5.753 

5.967 

6.327 

6.461 

6.588 

6.945 

6.566 

244.0 

265.9 

256.8 

306.3 

339.2 

360.0 

363.1 

375.6 

411.0 

432.1 

444.0 

467.0 

495.0 

504.8 

542.6 

574.3 

612.4 

648.8 

717.2 

774.9 

823.3 

900.3 

962.0 

1,009.0 

1,105.8 

1,233.5 

1,376.7 

1,473.8 

1,621.8 

1,772.5 

1,988.9 

2,281.6 

2,502.9 

2,736.0 

3,032.2 

3,109.6 

18.9 

2.2 

-3.2 

16.6 

5.1 

14.8 

-5.6 

10.0 

6.3 

8.4 

-4.8 

12.1 

5.0 

-2.5 

11.3 

3.9 

7.3 

3.8 

12.5 

7.7 

9.0 

7.2 

2.8 

2.2 

7.3 

13.1 

12.2 

6.3 

11.4 

10.5 

7.2 

15.2 

8.1 

15.5 

3.7 

2.5 

2.120 

2.350 

2.364 

2.552 

2.822 

2.826 

2.908 

2.864 

3.027 

3.154 

3.302 

3.305 

3.451 

3.582 

3.634 

3.821 

3.916 

4.028 

4.186 

4.378 

4.453 

4.548 

4.640 

4.701 

4.778 

4.908 

5.116 

5.268 

5.436 

5.707 

5.920 

6.168 

6.400 

6.558 

6.870 

6.711 

110. Funds raised by private nonfinancial borrowers in credit markets 

[Annual rate, mMons of dolars] 

Annual 

Average 

Average 

233.1 

259.5 

258.3 

286.5 

330.8 

348.0 

366.8 

366.8 

400.0 

421.7 

444.0 

449.7 

487.9 

506.5 

524.6 

565.0 

596.7 

637.7 

691.1 

756.0 

799.6 

873.4 

944.0 

992.7 

1,077.6 

1,185.9 

1,326.4 

1,434.2 

1,549.2 

1,718.0 

1,918.3 

2,163.9 

2,417.8 

2,631.7 

2,954.1 

3,073.0 

Percent change* 

11.1 

11.3 

-.5 

10.9 

15.5 

5.2 

5.4 

0 

9.0 

5.4 

5.3 

1.3 

8.5 

3.8 

3.6 

7.7 

5.6 

6.9 

8.4 

9.4 

5.8 

9.2 

8.1 

5.2 

8.6 

10.1 

11.8 

8.1 

8.0 

10.9 

11.7 

12.8 

11.7 

8.8 

12.2 

4.0 

1947... 

1948... 

1949... 

1950... 

1951... 

1952... 

1953... 

1954... 

1955... 

1956... 

1957... 

1958... 

1959... 

1960... 

1961... 

1962... 

1963... 

1964... 

1965... 

1966... 

1967... 

1968... 

1969... 

1970... 

1971... 

1972.. 

1973.. 

1974.. 

1975.. 

1976.. 

1977.. 

1978.. 

1979.. 

1980.. 

1981.. 

1982.. 

1947... 

1948... 

1949 

1950 

1951 

1952 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

1947... 

1948... 

1949... 

1950... 

1951... 

1952... 

1953... 

1954... 

1955... 

1956... 

1957.. 

1958.. 

1959... 

I960.. 

1961... 

1962... 

1963... 

1964.. 

1965... 

1966... 

1967.. 

1968.. 

1969.. 

1970.. 

1971... 

1972.. 

1973.. 

1974.. 

1975.. 

1976.. 

1977.. 

1978.. 

1979.. 

25,448 

27,056 

20,064 

34,040 

38,832 

34,896 

28,984 

45,040 

45,768 

36,508 

45,968 

50,500 

60,240 

75,756 

77,944 

65,948 

78,060 

100,876 

88,324 

119,864 

153,416 

217,364 

191,952 

101,408 

193,908 

241,252 

308,048 

357,824 

378,360 

320,608 

262,872 

29,808 

23,972 

23,244 

36,628 

33,760 

35,912 

29,720 

50,956 

39,724 

35,308 

48,728 

57,040 

62,012 

66,944 

81,872 

64,712 

78,372 

103,324 

87,948 

124,356 

149,380 

191,520 

208,392 

102,864 

194,196 

264,564 

347,544 

379,736 

221,208 

392,040 

316,980 

27,244 

22,732 

28,188 

41,036 

35,676 

32,204 

30,020 

48,896 

38,400 

43,832 

47,652 

55,796 

65,368 

71,352 

58,136 

72,928 

85,004 

94,536 

86,440 

144,236 

153,668 

194,392 

176,672 

135,864 

201,344 

302,692 

338,896 

410,140 

308,564 

318,116 

255,704 

29,800 

16,368 

29,792 

43,432 

34,280 

28,188 

43,072 

40,916 

34,748 

47,688 

50,872 

58,528 

63,348 

66,788 

44,456 

80,936 

99,668 

92,412 

94,236 

127,708 

190,360 

173,340 

141,160 

165,580 

228,992 

301,640 

397,620 

310,920 

363,568 

247,540 

282,360 

200b. Change in gross national product in current dolars 

[Annual rate, blons of dolars] 

4.4 

6.0 

-5.4 

10.8 

14.1 

2.7 

6.1 

-.6 

12.6 

1.8 

8.1 

-7.2 

10.0 

11.9 

3.4 

11.6 

7.7 

12.9 

20.0 

21.3 

5.8 

17.9 

20.9 

10.0 

40.3 

36.6 

50.0 

11.0 

6.0 

50.2 

62.3 

42.8 

53.9 

73.0 

130.6 

-10.8 

4.2 

7.5 

-3.5 

9.5 

7.9 

.2 

3.3 

-.2 

8.0 

5.6 

2.1 

3.9 

13.6 

-.6 

11.0 

8.5 

8.7 

8.7 

12.9 

11.5 

7.9 

26.0 

16.2 

14.3 

19.6 

29.3 

24.1 

36.1 

36.9 

26.6 

60.3 

107.8 

42.4 

5.9 

45.9 

4.3 

7.0 

1.9 

17.7 

6.7 

5.7 

-1.0 

4.4 

8.6 

5.1 

7.1 

13.2 

-1.6 

1.7 

9.0 

6.2 

11.1 

8.8 

14.7 

10.6 

17.1 

17.7 

17.9 

17.3 

17.7 

24.4 

30.1 

27.8 

61.8 

30.4 

59.3 

63.0 

76.9 

60.3 

92.4 

20.5 

10.4 

1.4 

-2.1 

11.5 

4.2 

12.2 

-5.3 

8.9 

6.2 

8.6 

-5.4 

13.1 

6.0 

-3.2 

14.4 

5.4 

10.6 

6.0 

20.8 

14.3 

17.6 

15.4 

6.7 

5.4 

19.2 

37.4 

39.0 

22.2 

43.3 

43.5 

34.5 

79.1 

48.1 

96.9 

27.3 

18.9 

1981.. 

1982.. 

465.9 

475.4 

492.9 

508.2 

550.9 

586.4 

619.2 

613.9 

638.2 

659.3 

681.0 

672.3 

706.0 

728.0 

741.8 

778.8 

807.6 

857.3 

891.9 

959.8 

983.3 

1,031.2 

1,072.5 

1,079.2 

1,100.3 

1,150.9 

1,230.7 

1,240.1 

1,218.6 

1,274.9 

1,330.8 

1,382.8 

1,459.7 

1,496.9 

1,507.0 

1,495.9 

213. Final sales in 1972 .dolars 

[Annual rate, blons of dolars] 

470.4 

482.7 

497.4 

518.7 

556.0 

597.0 

623.2 

612.2 

645.2 

664.7 

681.2 

676.1 

713.6 

735.1 

748.3 

790.4 

818.8 

866.3 

908.3 

962.2 

996.9 

1,043.5 

1,077.0 

1,077.9 

1,106.5 

1,166.5 

1,233.1 

1,242.1 

1,230.2 

1,282.4 

1,349.5 

1,418.6 

1,455.4 

1,463.6 

1,503.6 

1,492.7 

473.0 

486.0 

497.4 

535.8 

573.3 

595.1 

622.5 

619.6 

655.4 

665.9 

684.8 

685.6 

719.8 

734.3 

753.2 

797.9 

831.7 

875.4 

923.1 

974.3 

1,004.4 

1,058.4 

1,078.3 

1,086.8 

1,118.7 

1,180.3 

1,242.0 

1,239.1 

1,245.1 

1,293.8 

1,367.0 

1,435.5 

1,481.9 

1,474.4 

1,509.7 

1,487.0 

473.0 

492.6 

498.4 

534.2 

582.1 

607.4 

623.2 

627.0 

660.2 

673.0 

682.1 

697.2 

719.2 

737.4 

771.3 

802.6 

841.9 

878.2 

946.7 

975.8 

1,012.2 

1,063.2 

1,078.6 

1,083.3 

1,131.7 

1,205.1 

1,242.4 

1,217.5 

1,259.5 

1,310.6 

1,378.3 

1,453.2 

1,491.6 

1,482.5 

1,500.9 

1,503.4 

28,075 

22,532 

25,322 

38,784 

35,637 

32,800 

32,949 

46,452 

39,660 

40,834 

48,305 

55,466 

62,742 

70,210 

65,602 

71,131 

85,276 

97,787 

89,237 

129,041 

161,706 

194,154 

179,544 

126,429 

204,610 

277,537 

348,027 

364,655 

317,925 

319,576 

279,479 

23.3 

26.4 

-1.2 

28.2 

44.3 

17.2 

18.8 

0 

33.2 

21.7 

22.3 

5.7 

38.2 

18.6 

18.1 

40.4 

31.7 

41.0 

53.4 

64.9 

43.6 

73.8 

70.6 

48.7 

84.9 

108.3 

140.5 

107.8 

115.0 

168.8 

200.3 

245.6 

253.9 

213.9 

322.4 

118.9 

Average 

470.6 

484.3 

496.6 

524.2 

565.6 

596.5 

622.1 

618.2 

649.8 

665.8 

682.2 

682.7 

714.7 

733.7 

753.7 

792.4 

825.0 

869.3 

917.5 

968.0 

999.2 

1,049.1 

1,076.6 

1,081.8 

1,114.3 

1,175.7 

1,237.1 

1,234.7 

1,238.4 

1,290.4 

1,356.4 

1,422.6 

1,472.2 

1.479.4 

1.505.3 

1,494.8 

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
217

. Per capita gross national product in 1972 dollars 

[Annual rate, dottars] Average 

1947.., 

1948.. 

1949 

1950 

1951 

1952 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

1947... 

1948... 

1949 

1950 

1951 

1952 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

3,255 3,265 3,255 3,278 3,263 

3,289 3,337 3,354 3,372 3,338 

3,322 3,293 3,309 3,267 3,298 

3,398 3,477 3,577 3,643 3,524 

3,681 3,741 3,801 3,791 3,754 

3,805 3,794 3,817 3,889 3,826 

3,928 3,946 3,903 3,847 3,906 

3,783 3,753 3,789 3,841 3,792 

3,921 3,961 4,003 4,021 3,976 

3,988 3,992 3,977 4,002 3,990 

4,015 4,003 4,010 3,938 3,992 

3,844 3,855 3,930 4,007 3,909 

4,024 4,092 4,046 4,066 4,057 

4,122 4,095 4,074 4,024 4,079 

4.039 4,091 4,126 4,213 4,117 

4,253 4,288 4,309 4,305 4,289 

4,328 4,376 4,429 4,458 4,398 

4,526 4,561 4,582 4,596 4,566 

4,687 4,741 4,799 4,900 4,782 

4,983 4,989 5,018 5,047 5,009 

5.040 5,060 5,106 5,148 5,088 

5,183 5,267 5,315 5,318 5,271 

5,369 5,379 5,380 5,332 5,365 

5,299 5,290 5,322 5,262 5,293 

5,376 5,386 5,412 5,442 5,404 

5,533 5,622 5,677 5,765 5,649 

5,904 5,898 5,918 5,952 5,918 

5,880 5,874 5,822 5,730 5,826 

5,598 5,652 5,761 5,798 5,702 

5,913 5,941 5,959 5,998 5,953 

6,113 6,198 6,283 6,277 6,218 

6,314 6,465 6,499 6,568 6,462 

6,570 6,537 6,595 6,586 6,572 

6,600 6,427 6,421 6,464 6,478 

6,592 6,588 6,629 6,529 6,584 

6,424 M25 6J93 6J55 6,399 

224. Disposable personal income in current doiars 

[Annual rate, bBons of doiars] 

165.9 163.9 171.1 

179.1 186.6 193.1 

188.1 187.4 187.2 

201.7 201.2 208.6 

220.4 225.5 227.3 

231.1 233.9 240.3 

248.8 253.0 253.4 

255.0 254.3 256.8 

265.8 

285.9 

303.7 

312.4 

331.7 

348.3 

357.2 

380.3 

397.3 

426.1 

458.8 

502.2 

535.3 

575.8 

616.6 

671.5 

732.7 

782.2 

878.9 

963.9 

1,035.2 

1,163.7 

1,255.2 

1,405.7 

1,587.5 

1,771.7 

1,967.6 

2,127.9 

272.1 

290.4 

307.4 

314.5 

339.0 

352.3 

362.5 

385.6 

402.0 

438.6 

468.0 

507.8 

543.1 

591.0 

630.2 

692.4 

749.3 

794.5 

903.5 

988.6 

1,105.2 

1,180.8 

1,291.9 

1,451.3 

1,624.0 

1,789.8 

2,010.4 

2,159.0 

278.3 

294.3 

311.8 

322.0 

339.6 

353.5 

368.0 

388.7 

408.3 

445.7 

482.7 

518.1 

552.0 

598.1 

649.1 

705.8 

757.6 

815.6 

925.3 

1,012.7 

1,109.4 

1,203.3 

1,335.5 

1,496.2 

1,674.3 

1,846.0 

2,092.0 

2,191.5 

173.5 

193.1 

188.8 

214.3 

230.5 

245.3 

253.7 

261.9 

282.7 

300.6 

311.9 

327.1 

343.5 

353.9 

375.3 

392.5 

416.0 

451.9 

493.7 

526.7 

561.3 

608.8 

659.9 

711.5 

767.4 

849.0 

950.3 

1,028.1 

1,134.5 

1,229.6 

1,373.5 

1,542.7 

1,714.9 

1,908.0 

2,120.5 

2,227.8 

227. Per capita disposable personal income in 1972 doiars 

[Annual rate, doiars] 

1947.. 

1948.. 

1949.. 

1950.. 

1951.. 

1952.. 

1953... 

1954 . 

1955.. 

1956.. 

1957.. 

1958.. 

1959.. 

1960.. 

1961.. 

1962.. 

1963.. 

1964.. 

1965.. 

1966.. 

1967.. 

1968... 

1969... 

1970... 

1971... 

1972.., 

1973.., 

1974.. 

1975... 

1976... 

1977.. 

1978... 

1979... 

1980... 

1981... 

1982... 

2,246 

2,228 

2,267 

2,396 

2,385 

2,404 

2,493 

2,477 

2,525 

2,638 

2,660 

2,612 

2,683 

2,717 

2,703 

2,799 

2,833 

2,951 

3,098 

3,268 

3,359 

3,453 

3,518 

3,613 

3,729 

3,787 

4,050 

4,036 

3,928 

4,139 

4,190 

4,390 

4,511 

4,524 

4,543 

4,562 

2,187 

2,286 

2,258 

2,374 

2,427 

2,420 

2,520 

2,453 

2,569 

2,648 

2,665 

2,617 

2,717 

2,722 

2,731 

2,815 

2,852 

3,025 

3,131 

3,271 

3,381 

3,503 

3,541 

3,676 

3,761 

3,810 

4,074 

4,025 

4,134 

4,151 

4,246 

4,422 

4,502 

4,451 

4,554 

4,574 

2,226 

2,322 

2,251 

2,382 

2,428 

2,462 

2,499 

2,481 

2,600 

2,650 

2,666 

2,662 

2,688 

2,710 

2,747 

2,818 

2,872 

3,052 

3,203 

3,299 

3,398 

3,502 

3,595 

3,700 

3,753 

3,865 

4,090 

4,013 

4,061 

4,163 

4,317 

4,460 

4,524 

4,469 

4,640 

4,558 

2,188 

2,321 

2,251 

2,411 

2,417 

2,475 

2,490 

2,517 

2,630 

2,670 

2,645 

2,686 

2,698 

2,688 

2,785 

2,820 

2,902 

3,076 

3,251 

3,321 

3,416 

3,515 

3,600 

3,669 

3,764 

3,977 

4,106 

3,963 

4,081 

4,178 

4.367 

4,494 

4,511 

4,503 

4,612 

4,576 

Average 

168.7 

188.0 

187.9 

206.6 

226.0 

237.7 

252.2 

257.1 

275.0 

292.9 

308.6 

319.0 

338.4 

352.0 

365.8 

386.8 

405.9 

440.6 

475.8 

513.7 

547.9 

593.4 

638.9 

695.3 

751.8 

810.3 

914.5 

998.3 

1,096.1 

1,194.4 

1,314.0 

1,474.0 

1,650.2 

1,828.9 

2,047.6 

2,176.5 

Average 

2,212 

2,290 

2,257 

2,392 

2,415 

2,441 

2,501 

2,483 

2,582 

2,653 

2,660 

2,645 

2,697 

2,709 

2,742 

2,813 

2,865 

3,026 

3,171 

3,290 

3,389 

3,493 

3,564 

3,665 

3,752 

3,860 

4,080 

4,009 

4,051 

4,158 

4,280 

4,441 

4,512 

4,487 

4,587 

4,567 

1947 

1948 

1949 

1950 

1951 

1952 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

1947 

1948 

1949 

1950 

1951 

1952 

1953 

1954 . 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

1947 

1948 

1949 

1950 

1951 

1952 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

220. National income in current dot 

[Annual rate, bKons of doiars] 

190.5 

211.5 

218.1 

219.1 

265.9 

282.7 

303.0 

297.1 

319.7 

342.3 

363.0 

357.5 

392.7 

416.5 

414.8 

453.4 

476.2 

511.9 

553.8 

613.3 

647.2 

696.9 

761.5 

798.1 

849.4 

930.7 

1,052.3 

1,133.1 

1,180.4 

1,346.0 

1,471.0 

1,653.4 

1,907.4 

2,076.2 

2,295.8 

2,419.7 

191.9 

219.1 

213.0 

229.4 

272.4 

283.1 

305.2 

297.3 

328.2 

347.3 

365.1 

358.3 

405.9 

416.3 

424.0 

459.5 

485.2 

520.8 

566.2 

622.6 

653.8 

715.6 

773.9 

808.8 

863.9 

946.1 

1,071.4 

1,155.1 

1,210.9 

1,363.9 

1,528.3 

1,737.2 

1,941.3 

2,072.5 

2,337.2 

2,448.9 

lars 

194.7 

223.5 

213.2 

244.8 

276.9 

288.3 

303.8 

300.8 

334.1 

350.3 

368.9 

369.1 

400.4 

416.3 

432.1 

464.3 

492.4 

530.4 

576.5 

633.0 

666.5 

731.6 

788.5 

818.6 

876.9 

971.2 

1,094.9 

1,170.7 

1,264.2 

1,388.6 

1,584.6 

1,792.0 

1,993.6 

2,117.7 

2,423.4 

2,458.9 

225. Disposable personal income in 1972 doiars 

[Annual 

321.5 

324.8 

336.2 

361.5 

365.7 

375.1 

395.5 

399.8 

414.8 

441.0 

452.7 

452.2 

474.4 

488.2 

493.6 

519.4 

533.5 

563.5 

599.4 

639.8 

665.0 

690.5 

710.5 

737.4 

771.1 

792.0 

855.2 

860.2 

845.1 

899.5 

919.5 

973.4 

1,011.1 

1,025.8 

1,040.7 

1,055.1 

rate, bKons of doiars] 

314.6 

334.6 

336.2 

359.4 

373.7 

379.0 

401.2 

397.5 

423.7 

444.5 

455.5 

454.9 

482.2 

490.9 

500.6 

524.1 

538.7 

579.5 

607.4 

642.1 

671.1 

702.2 

716.8 

752.5 

779.9 

798.7 

862.3 

859.7 

891.4 

904.1 

933.9 

982.8 

1,011.7 

1,012.0 

1,045.6 

1,060.2 

! 

321.6 

341.2 

336.5 

362.2 

375.6 

387.3 

399.7 

403.9 

430.8 

446.9 

457.7 

464.7 

479.2 

490.9 

505.8 

526.7 

544.6 

586.7 

623.5 

649.6 

676.2 

703.9 

729.8 

760.1 

780.7 

812.4 

867.9 

859.4 

878.2 

908.9 

952.2 

994.2 

1,019.8 

1,019.2 

1,068.1 

1,059.3 

230. Personal consumption expenditures in current doiars 

[Annual 

156.0 

170.3 

176.6 

182.9 

208.3 

211.1 

228.3 

231.9 

246.8 

261.4 

276.1 

284.0 

303.5 

319.8 

328.5 

347.5 

367.2 

390.6 

417.9 

456.2 

478.7 

517.6 

565 8 

607.8 

652.8 

709.6 

790.0 

853.0 

935.1 

1,047.8 

1,162.7 

1.276.4 

1,446.3 

1,620.5 

1,802.8 

1,938.9 

rate, bKons of doiars] 

159.9 

174.0 

178.2 

186.8 

203.8 

215.1 

229.9 

234.3 

251.9 

263.9 

278.3 

286.8 

309.1 

325.9 

333.1 

353.0 

371.2 

397.9 

424.3 

460.6 

487.5 

530.2 

5769 

616.9 

666.0 

727.3 

802.9 

878.6 

961.6 

1.067.2 

1,186.8 

1,330.7 

1,476.0 

1,626.4 

1,835.8 

1,972.8 

1 

163.5 

176.9 

177.6 

200.4 

206.2 

217.2 

230.5 

236.4 

256.0 

266.8 

282.8 

291.7 

314.2 

326.0 

335.7 

357.0 

377.8 

405.9 

432.9 

469.4 

494.0 

545.7 

5867 

628.1 

677.5 

744.2 

820.6 

906.7 

992.1 

1,094.2 

1,216.5 

1,367.5 

1,528.3 

1.683.4 

1,886.1 

2,008.8 

202.5 

225.4 

210.4 

256.8 

281.5 

297.9 

296.5 

309.0 

340.4 

357.0 

363.3 

382.0 

404.2 

413.6 

444.1 

470.7 

500.2 

536.6 

593.2 

643.4 

681.5 

746.1 

793.4 

817.3 

895.9 

1,006.7 

1,126.1 

1,184.0 

1,302.0 

1,418.4 

1,618.1 

1,858.4 

2,024.5 

2,200.1 

2,435.6 

2,474.0 

317.6 

342.7 

338.2 

368.2 

375.6 

391.2 

400.1 

411.7 

437.8 

452.5 

456.2 

471.0 

483.0 

489.0 

515.0 

529.2 

552.5 

593.5 

634.8 

655.9 

681.6 

708.5 

732.8 

756.2 

785.2 

838.1 

873.3 

850.8 

885.1 

914.6 

965.9 

1,004.8 

1,020.1 

1,029.6 

1,064.3 

1,066.1 

167.6 

177.8 

180.1 

197.8 

209.9 

225.0 

230.0 

240.8 

260.0 

271.9 

284.4 

295.4 

316.2 

328.0 

342.7 

363.4 

382.1 

407.6 

446.3 

474.2 

500.8 

554.0 

597 8 

634.1 

692.6 

767.0 

834.3 

914.1 

1,016.9 

1,127.9 

1,251.8 

1,411.3 

1,578.0 

1,741.9 

1.904.1 

, 2,046.9 

Average 

194.9 

219.9 

213.6 

237.6 

274.1 

287.9 

302.1 

301.1 

330.5 

349.4 

365.2 

366.9 

400.8 

415.7 

428.8 

462.0 

488.5 

524.9 

572.4 

628.1 

662.2 

722.5 

779.3 

810.7 

871.5 

963.6 

1,086.2 

1,160.7 

1,239.4 

1,379.2 

1,550.5 

1,760.3 

1,966.7 

2,116.6 

2,373.0 

2,450.4 

Average 

318.8 

335.8 

336.8 

362.8 

372.6 

383.2 

399.1 

403.2 

426.8 

446.2 

455.5 

460.7 

479.7 

489.7 

503.8 

524.9 

542.3 

580.8 

616.3 

646.8 

673.5 

701.3 

722.5 

751.6 

779.2 

810.3 

864.7 

857.5 

874.9 

906.8 

942.9 

988.8 

1,015.7 

1,021.6 

1,054.7 

1,060.2 

Average 

161.7 

174.7 

178.1 

192.0 

207.1 

217.1 

229.7 

235.8 

253.7 

266.0 

280.4 

289.5 

310.8 

324.9 

335.0 

355.2 

374.6 

400.5 

430.4 

465.1 

490.3 

536.9 

581.8 

621.7 

672.2 

737.1 

812.0 

888.1 

976.4 

1,084.3 

1,204.4 

1,346.5 

1,507.2 

1.668.1 

1.857.2 

1,991.9 

See footnotes at end of this part. 149 

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Year 

Quarterly 

IQ HQ NIQ 

?11 Pmmal rmtimtthMi MmmihrM h 147? ifarfhn 

[Annual rate, Ufans of defers] 

IVQ Annual 

Average 

1947 302.3 307.0 307.2 306.8 305.8 

1948 308.8 312.1 312.6 315.4 312.2 

1949 315.8 319.8 319.3 322.5 319.3 

1950 327.7 333.6 348.0 339.9 337.3 

1951 345.7 337.8 340.7 342.1 341.6 

195? 342.7 348.6 350.2 358.8 350.1 

1953 362.8 364.6 363.6 362.6 363.4 

1954 363.5 366.2 371.8 378.6 370.0 

1955 385.2 392.2 396.4 402.6 394.1 

1956 403.2 403.9 405.1 409.3 405.4 

1957 411.7 412.4 415.2 416.0 413.8 

1958 411.0 414.7 420.9 425.4 418.0 

1959 434.1 439.7 443.3 444.6 440.4 

1960 448.1 454.1 452.7 453.2 452.0 

1961 454.0 459.9 461.4 470.3 461.4 

196? 474.5 479.8 483.7 490.0 482.0 

1963 493.1 497.4 503.9 507.5 500.5 

1964 516.6 525.6 534.3 535.3 528.0 

1965 546.0 550.7 559.2 573.9 557.5 

1966 581.2 582.3 588.6 590.5 585.7 

1967 594.8 602.4 605.2 608.2 602.7 

1968 620.7 629.9 642.3 644.7 634.4 

1969 651.9 656.2 659.6 663.9 657.9 

1970 667.4 670.5 676.5 673.9 672.1 

1971 687.0 693.3 698.2 708.6 696.8 

1972 718.6 731.1 741.3 757.1 737.1 

1973 768.8 766.3 769.7 766:7 767.9 

1974 761.2 764.1 769.4 756.5 762.8 

1975 763.3 775.6 785.4 793.3 779.4 

1976 809.9 817.1 826.5 838.9 823.1 

1977 851.7 858.0 867.3 880.4 864.3 

1978 883.8 901.1 908.6 919.2 903.2 

1979 921.2 919.5 930.9 938.6 927.6 

1980 938.3 919.6 929.4 940.0 931.8 

1981 953.6 954.7 962.9 955.7 956.8 

1982 961.4 968J 97L0 979JJ 970.2 

233. Personal consumption expenditures in 1972 del 

[Annual rate, Mfcns of dolars] 

1947 28.9 29.5 29.9 32.2 30.1 

1948 32.1 32.2 32.9 32.8 32.5 

1949 32.2 35.4 36.8 37.7 35.5 

1950 38.9 39.2 49.0 43.2 42.6 

1951 44.3 38.1 37.1 36.9 39.1 

1952 37.5 38.3 35.9 40.5 38.0 

1953 42.3 41.9 41.8 42.5 42.1 

1954 40.9 41.4 42.4 45.1 42.5 

1955 48.1 51.3 52.7 52.2 51.1 

1956 49.4 48.9 48.1 48.8 48.8 

1957 49.9 48.8 48.0 47.9 48.6 

1958 45.1 44.5 45.1 46.6 45.3 

1959 49.5 51.3 52.1 49.7 50.7 

1960 51.0 52.3 51.8 50.5 51.4 

1961 47.7 48.4 49.4 51.8 49.3 

1962 52.9 54.2 54.7 57.0 54.7 

1963 58.2 59.4 60.1 61.0 59.7 

1964 63.2 64.8 66.8 64.6 64.8 

1965 70.5 70.6 73.1 76.1 72.6 

1966 79.7 76.3 78.8 78.7 78.4 

1967 77.2 80.7 79.9 80.1 79.5 

1968 85.2 86.9 90.9 90.4 88.3 

1969 92.3 92.1 91.7 91.3 91.8 

1970 89.7 90.7 91.1 84.8 89.1 

1971 94.0 96.3 99.0 103.5 98.2 

1972 106.2 108.9 111.7 117.6 111.1 

1973 124.8 122.5 120.8 117.2 121.3 

1974 114.4 114.7 115.8 104.5 112.3 

1975 106.5 109.0 115.9 119.2 112.7 

1976 125.1 125.6 126.9 128.5 126.6 

1977 133.9 136.9 139.2 142.0 138.0 

1978 139.4 149.8 147.9 150.1 146.8 

1979 148.6 144.9 149.1 146.3 147.2 

1980 145.2 130.0 135.6 139.0 137.5 

1981 145.4 140.5 143.9 134.8 141.2 

1982 138.5 139J 138J 143J 139.8 

236. Personal consumption expenditures i i current dolars, nondurable foods 

[Annual rate, bBons of dolars] Average 

1947 87.7 90.1 92.1 93.6 90.9 

1948 95.1 97.0 97.0 97.3 96.6 

1949 96.3 95.3 93.5 94.3 94.9 

1950 94.8 96.3 100.9 100.9 98.2 

1951 107.6 107.1 109.0 111.4 108.8 

1952 110.8 113.0 115.0 116.9 113.9 

1953 117.0 116.9 116.2 116.0 116.5 

1954 117.1 117.1 118.1 119.5 118.0 

1955 120.5 122.2 123.3 125.7 122.9 

1956 127.2 128.1 129.4 130.8 128.9 

1957 132.5 133.9 137.2 136.9 135.2 

1958 137.6 138.9 140.8 141.9 139.8 

1959 144.3 145.6 147.1 148.7 146.4 

1960 148.8 151.8 151.4 152.5 151.1 

1961 153.9 154.7 155.2 157.4 155.3 

1962 159.3 160.6 162.2 164.1 161.6 

1963 165.2 165.9 168.3 168.8 167.1 

1964 172.7 175.7 179.1 180.1 176.9 

1965 182.6 186.0 189.5 196.5 188.6 

1966 200.5 203.9 206.8 207.4 204.7 

1967 209.6 211.2 213.4 216.2 212.6 

1968 223.1 228.2 234.2 236.9 230.6 

1969 241.3 245.9 249.9 254.3 247.8 

1970 260.2 263.5 267.3 271.9 265.7 

1971 273.8 277.4 279.9 284.0 278.8 

1972 288.8 297.2 304.0 312.6 300.6 

1973 321.6 327.7 337.5 346.8 333.4 

1974 358.4 369.4 380.4 385.1 373.4 

1975 392.2 402.5 414.1 420.4 407.3 

1976 429.6 436.2 445.6 455.5 441.7 

1977 466.0 474.5 480.5 494.3 478.8 

1978 502.7 519.2 534.9 556.1 528.2 

1979 569.3 586.0 609.3 635.5 600.0 

1980 651.4 658.2 671.9 693.7 668.8 

1981 716.3 730.6 741.1 747.7 733.9 

1982 749.7 754.7 766.6 773.0 761.0 

Quarterly . . 

f M r

 IQ NQ MQ IVQ 

232. Personal consumption expenditures in current dolars, durable foods 

[Annual rate, bBons of dolars] 

fiimuai 

Average 

1947... 

1948... 

1949... 

1950... 

1951... 

1952... 

1953... 

1954... 

1955... 

1956... 

1957... 

1958... 

1959... 

1960... 

1961... 

1962... 

1963... 

1964... 

1965... 

1966... 

1967... 

1968... 

1969... 

1970... 

1971... 

1972... 

1973... 

1974.. 

1975.. 

1976.. 

1977... 

1978.. 

1979.. 

1980.. 

1981... 

1982.. 

19.4 

22.0 

22.8 

27.7 

33.8 

28.9 

32.9 

31.2 

36.2 

37.6 

40.0 

36.8 

41.2 

43.0 

39.7 

45.0 

49.8 

55.0 

61.6 

68.7 

67.3 

76.8 

85.3 

84.9 

93.0 

105.6 

125.5 

118.5 

122.4 

152.0 

171.2 

184.9 

211.1 

220.7 

236.9 

239.4 

20.0 

22.4 

24.8 

28.1 

28.9 

29.0 

32.8 

31.8 

38.6 

37.6 

39.5 

36.0 

43.0 

43.9 

40.7 

46.3 

51.1 

56.4 

61.5 

66.0 

70.6 

78.7 

85.7 

86.3 

95.9 

109.0 

124.3 

121.7 

127.1 

154.6 

175.5 

202.6 

208.7 

200.8 

233.4 

242.9 

20.3 

23.7 

25.8 

35.6 

28.3 

27.3 

32.5 

31.3 

40.3 

37.3 

39.1 

36.7 

43.9 

43.4 

41.9 

46.8 

51.9 

58.2 

63.3 

68.5 

70.8 

83.0 

85.9 

87.3 

98.2 

112.2 

123.4 

127.4 

136.7 

158.1 

180.1 

203.7 

217.3 

213.8 

243.5 

243.4 

22.0 

23.3 

26.8 

31.5 

28.3 

31.4 

31.9 

33.0 

39.4 

38.9 

38.8 

38.0 

41.6 

42.2 

44.0 

48.8 

52.9 

56.1 

65.6 

68.8 

71.6 

83.3 

86.0 

82.4 

102.0 

117.6 

120.2 

118.5 

142.6 

162.6 

186.0 

209.6 

216.6 

223.6 

230.8 

252.1 

[Percent] 

1947 

1948 

1949 

1950 

1951 

1952 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

237. 

1947 

1948 

1949 

1950 

1951 

1952 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

69.3 

68.1 

67.8 

68.3 

65.0 

61.7 

62.4 

64.0 

63.6 

63.3 

62.7 

65.0 

63.6 

63.1 

64.6 

62.7 

63.1 

62.5 

62.5 

61.8 

61.3 

61.5 

61.4 

62.5 

62.2 

62.1 

61.6 

61.5 

63.2 

62.7 

63.4 

62.8 

61.9 

63.0 

62.9 

64.2 

69.7 

67.6 

69.3 

67.4 

62.1 

62.9 

62.2 

64.7 

63.6 

63.1 

62.9 

65.1 

63.0 

64.4 

64.2 

62.7 

62.8 

62.8 

62.2 

61.4 

61.8 

61.1 

61.5 

62.5 

62.3 

62.1 

61.4 

61.7 

63.4 

62.8 

62.6 

62.2 

62.1 

63.1 

63.0 

64.3 

70.0 

66.9 

68.6 

68.0 

61.6 

62.4 

62.6 

64.5 

63.2 

63.0 

62.9 

64.3 

64.3 

64.2 

63.6 

62.8 

62.8 

63.1 

62.2 

61.7 

61.3 

61.7 

61.4 

62.6 

62.4 

62.2 

61.3 

62.5 

62.9 

63.3 

62.2 

62.1 

62.3 

63.8 

62.8 

65.0 

68.7 

66.9 

70.1 

64.6 

61.9 

62.5 

63.3 

64.1 

63.3 

62.9 

64.1 

63.3 

63.9 

65.0 

63.2 

63.3 

62.4 

62.8 

62.2 

61.2 

60.8 

61.5 

62.1 

62.8 

62.6 

62.2 

60.6 

62.0 

62.7 

63.6 

62.9 

61.9 

63.0 

63.7 

62.8 

65.8 

expenditures in current dolars, services 

rate, Mhn s of dolars] 

48.8 

53.2 

57.5 

60.3 

66.9 

71.5 

78.4 

83.6 

90.1 

96.5 

103.6 

109.6 

117.9 

128.0 

135.0 

143.2 

152.1 

162.9 

173.7 

187.0 

201.9 

217.8 

239.2 

262.8 

286.0 

315.2 

343.0 

376.1 

420.6 

466.2 

525.5 

588.8 

666.0 

748.3 

849.6 

949.7 

49.9 

54.6 

58.1 

62.3 

67.9 

73.1 

80.2 

85.3 

91.1 

98.1 

104.9 

111.9 

120.5 

130.2 

137.6 

146.1 

154.1 

165.7 

176.9 

190.6 

205.7 

223.2 

245.3 

267.1 

292.7 

321.2 

350.9 

387.5 

432.0 

476.4 

536.8 

608.8 

681.3 

767.5 

871.8 

975.2 

51.1 

56.2 

58.3 

63.9 

69.0 

74.9 

81.8 

87.0 

92.4 

100.1 

106.5 

114.2 

123.2 

131.2 

138.6 

148.0 

157.7 

168.5 

180.1 

194.1 

209.8 

228.4 

250.9 

273.6 

299.5 

328.0 

359.8 

398.9 

441.3 

490.5 

555.9 

628.8 

701.7 

797.6 

901.5 

998.9 

52.0 

57.2 

59.0 

65.4 

70.1 

76.7 

82.1 

88.3 

94.9 

102.1 

108.7 

115.5 

125.9 

133.3 

141.4 

150.5 

160.4 

171.4 

184.3 

198.0 

213.0 

233.8 

257.4 

279.7 

306.6 

336.8 

367.3 

410.4 

453.9 

509.8 

571.5 

645.6 

725.9 

824.6 

925.6 

1,021.8 

20.4 

22.9 

25.0 

30.8 

29.8 

29.1 

32.5 

31.8 

38.6 

37.9 

39.3 

36.8 

42.4 

43.1 

41.6 

46.7 

51.4 

56.4 

63.0 

68.0 

70.1 

80.5 

85.7 

85.2 

97.2 

111.1 

123.3 

121.5 

132.2 

156.8 

178.2 

200.2 

213.4 

214.7 

236.1 

244.5 

67.4 

69.0 

67.1 

62.6 

62.4 

62.6 

64.3 

63.4 

63.1 

63.2 

64.4 

63.7 

64.2 

63.9 

62.9 

62.8 

62.8 

62.3 

61.5 

61.3 

61.4 

61.6 

62.6 

62.4 

62.2 

61.2 

61.9 

63.0 

63.1 

62.8 

62.2 

62.3 

63.4 

62.9 

64.8 

50.4 

55.3 

58.2 

63.0 

68.5 

74.0 

80.6 

86.1 

92.1 

99.2 

105.9 

112.8 

121.9 

130.7 

138.1 

147.0 

156.1 

167.1 

178.7 

192.4 

207.6 

225.8 

248.2 

270.8 

296.2 

325.3 

355.2 

393.2 

437.0 

485.7 

547.4 

618.0 

693.7 

784.5 

887.1 

986.4 

150 

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
238. Personal consumption expenditures in 1972 dolars, nondurable goods 

[Annual rate, biSons of dolars] 

1947 153.0 155.8 156.3 

1948 154.0 155.6 154.1 

1949 157.2 157.5 156.3 

1950 160.1 161.7 164.4 

1951 164.7 162.7 166.0 

1952 166.5 170.3 172.8 

1953 176.1 176.6 175.2 

1954 175.8 175.0 177.2 

1955 181.4 184.4 185.9 

1956 191.6 191.1 191.2 

1957 193.1 193.9 196.7 

1958 193.4 194.9 198.3 

1959 203.2 204.6 205.5 

1960 207.2 209.5 208.1 

1961 209.6 211.6 211.7 

1962 216.5 217.4 219.3 

1963 221.5 222.4 224.1 

1964 228.2 232.2 236.1 

1965 239.2 240.9 244.1 

1966 253.5 255.4 257.2 

1967 258.3 259.4 259.5 

1968 266.1 269.0 273.6 

1969 275.7 277.0 277.7 

1970 281.3 282.4 284.5 

1971 287.6 288.5 288.4 

1972 292.4 299.3 303.3 

1973 309.9 306.3 307.4 

1974 302.6 302.6 304.4 

1975 302.8 307.8 309.0 

1976 316.3 320.2 323.5 

1977 330.6 331.9 332.4 

1978 339.1 341.0 345.3 

1979 349.9 349.2 353.4 

1980 358.5 354.2 353.5 

1981 359.8 362.7 363.6 

1982 362j> 363J 3647 

240. Gross private domestic investment in current dolars 

[Annual rate, bBons of dolars] 

1947 32.7 31.6 31.8 

1948 43.3 46.1 47.9 

1949 39.3 32.7 35.7 

1950 43.6 50.5 55.4 

1951 60.7 63.9 58.7 

1952 54.1 47.5 51.1 

1953 54.8 56.1 54.2 

1954 49.5 50.4 53.1 

1955 63.5 67.9 70.1 

1956 70.8 70.4 71.3 

1957 69.8 69.8 71.8 

1958 57.8 56.5 62.5 

1959 74.5 83.0 75.2 

1960 86.0 76.4 74.2 

1961 66.9 72.9 78.0 

1962 84.9 85.9 86.4 

1963 86.4 90.4 92.3 

1964 95.6 96.7 96.8 

1965 111.5 111.8 114.2 

1966 124.8 127.4 123.5 

1967 120.2 117.1 123.5 

1968 127.1 133.6 133.8 

1969 147.1 149.4 154.1 

1970 141.3 143.6 147.8 

1971 159.4 166.9 168.7 

1972 183.3 193.2 197.5 

1973 221.6 227.0 229.6 

1974 225.8 232.9 227.9 

1975 191.4 193.0 217.5 

1976 248.8 258.3 259.6 

1977 296.4 319.4 339.6 

1978 354.2 388.5 394.6 

1979 415.1 428.3 431.9 

1980 422.0 394.3 379.5 

1981 455.5 472.1 495.8 

1982 422.9 432J 425J 

242. Gross private domestic fixed investment in current dolars 

[Annual rate, blons of dolars] 

1947 32.3 32.6 34.5 

1948 40.0 41.0 41.8 

1949 39.3 38.0 37.4 

1950 41.2 45.8 50.6 

1951 50.2 48.7 48.3 

1952 48.9 49.9 46.8 

1953 52.4 53.0 53.5 

1954 52.1 53.1 55.3 

1955 58.9 61.9 64.0 

1956 64.8 66.1 67.2 

1957 67.8 67.5 68.6 

1958 63.2 61.6 62.4 

1959 70.3 72.9 73.8 

1960 75.5 73.6 71.6 

1961 70.2 71.4 72.8 

1962 76.7 79.5 80.5 

1963 80.7 84.3 85.9 

1964 90.2 90.9 92.3 

1965 99.2 102.3 105.0 

1966 111.7 112.9 112.2 

1967 107.8 111.1 113.3 

1968 122.5 123.0 125.3 

1969 136.7 139.0 141.8 

1970 139.8 139.2 141.8 

1971 148.8 157.0 161.9 

1972 177.1 181.1 184.7 

1973 205.3 211.6 214.5 

1974 213.1 215.2 217.1 

1975 205.7 207.6 215.5 

1976 233.5 241.0 248.2 

1977 276.8 296.2 307.5 

1978 328.9 357.7 371.1 

1979 393.5 401.9 420.2 

1980 423.6 391.3 404.9 

1981 444.7 457.1 462.2 

1982 448.6 4437 430.2 

Average 

154.1 

156.4 

158.4 

161.0 

167.7 

174.9 

174.9 

180.0 

189.8 

192.5 

195.7 

200.6 

206.8 

208.1 

214.8 

220.8 

224.2 

236.7 

251.8 

255.9 

260.8 

273.3 

278.7 

286.7 

290.2 

307.6 

306.0 

300.4 

310.2 

327.5 

338.7 

352.2 

359.8 

356.2 

363.8 

366.0 

39.7 

46.1 

33.4 

65.6 

53.4 

55.7 

48.2 

57.8 

72.0 

71.6 

65.4 

70.4 

79.7 

66.9 

81.3 

84.5 

94.5 

100.2 

116.7 

127.1 

130.6 

138.6 

146.5 

144.1 

170.6 

206.1 

240.9 

228.0 

222.4 

264.7 

340.7 

409.1 

416.8 

411.7 

476.2 

377.4 

38.3 

41.8 

38.6 

50.6 

48.3 

50.3 

52.8 

56.6 

64.9 

67.3 

67.6 

66.3 

72.9 

71.1 

75.5 

80.0 

88.9 

93.5 

108.2 

109.5 

117.8 

130.9 

140.2 

143.2 

167.3 

196.3 

213.8 

212.6 

223.2 

261.5 

323.7 

382.8 

419.4 

426.8 

461.8 

433.8 

154.8 

155.0 

157.4 

161.8 

165.3 

171.2 

175.7 

177.0 

185.4 

191.6 

194.9 

196.8 

205.0 

208.2 

211.9 

218.5 

223.0 

233.3 

244.0 

255.5 

259.5 

270.5 

277.3 

283.7 

288.7 

300.6 

307.4 

302.5 

307.5 

321.9 

333.4 

344.4 

353.1 

355.6 

362.5 

364.2 

Average 

34.0 

45.9 

35.3 

53.8 

59.2 

52.1 

53.3 

52.7 

68.4 

71.0 

69.2 

61.9 

78.1 

75.9 

74.8 

85.4 

90.9 

97.4 

113.5 

125.7 

122.8 

133.3 

149.3 

144.2 

166.4 

195.0 

229.8 

228.7 

206.1 

257.9 

324.1 

386.6 

423.0 

401.9 

474.9 

414.5 

Average 

34.4 

41.1 

38.4 

47.0 

48.9 

49.0 

52.9 

54.3 

62.4 

66.3 

67.9 

63.4 

72.5 

72.9 

72.5 

79.2 

84.9 

91.7 

103.7 

111.6 

112.5 

125.4 

139.5 

141.0 

158.8 

184.8 

211.3 

214.5 

213.0 

246.0 

301.0 

360.1 

408.8 

411.7 

456.5 

439.1 

239. Personal consumption expenditures in 1972 dolars, services 

[Annual rate, blons of dolars] 

1947 120.3 121.7 121.1 

1948 122.7 124.3 125.6 

1949 126.4 126.8 126.2 

1950 1286 132.7 134.6 

1951 136.7 137.1 137.6 

1952 138.7 140.0 141.5 

1953 144.4 146.0 146.6 

1954 146.8 149.7 152.1 

1955 155.7 156.5 157.7 

1956 162.2 163.9 165.8 

1957 168.7 169.7 170.5 

1958 172.5 175.3 177.5 

1959 181.5 183.8 185.7 

1960 189.9 192.3 192.7 

1961 196.7 199.9 200.2 

1962 205.1 208.3 209.7 

1963 213.4 215.7 219.7 

1964 225.2 228.7 231.4 

1965 236.2 239.2 242.1 

1966 248.0 250.6 252.6 

1967 259.2 262.3 265.7 

1968 269.5 274.0 277.8 

1969 283.9 287.1 290.2 

1970 296.4 297.4 300.8 

1971 305.4 308.5 310.8 

1972..., r320.0 322.9 326.4 

1973 334.1 337.5 341.5 

1974 344.2 346.8 349.2 

1975 354.0 358.8 360.5 

1976 368.4 371.3 376.1 

1977 387.1 389.2 395.7 

1978 405.3 410.3 415.4 

1979 422.8 425.4 428.5 

1980 434.5 435.4 440.3 

1981 448.3 451.5 455.5 

1982 460.4 4657 468.2 

241. Gross private domestic investment in 1972 dolars 

[Annual rate, blons of dolars] 

1947 69.6 66.5 66.5 

1948 81.0 82.8 83.4 

1949 71.3 61.6 65.8 

1950 79.6 89.8 96.0 

1951 96.6 100.1 93.8 

1952 86.4 77.4 80.5 

1953 87.6 89.1 86.0 

1954 79.1 79.7 84.0 

1955 97.7 103.9 105.8 

1956 103.9 102.7 102.2 

1957 98.4 98.0 99.8 

1958 82.9 80.8 88.1 

1959 103.7 114.1 104.0 

1960 117.4 105.1 102.5 

1961 94.0 101.1 107.9 

1962 116.8 118.3 119.1 

1963 118.7 124.6 127.3 

1964 131.8 132.4 131.5 

1965 149.4 150.5 152.4 

1966 164.8 165.0 160.3 

1967 152.6 148.9 155.1 

1968 157.2 162.7 161.6 

1969 172.5 173.1 175.4 

1970 158.1 158.3 161.6 

1971 169.8 175.1 175.3 

1972 186.0 194.5 196.8 

1973 215.7 217.2 215.4 

1974 206.3 200.9 190.3 

1975 145.8 146.8 163.3 

1976 181.4 185.7 184.6 

1977 201.7 213.7 222.8 

1978 226.7 239.9 238.0 

1979 241.5 241.3 237.2 

1980 224.3 202.4 197.4 

1981 222.7 229.5 236.3 

1982 1997 20 M 198.4 

243. Gross private domestic fixed investment in 1972 dolars 

[Annual rate, blons of dolars] 

1947 69.5 67.4 69.4 

1948 77.0 77.3 76.4 

1949 71.7 68.8 68.4 

1950 75.2 82.1 88.0 

1951 83.2 80.1 79.2 

1952 79.1 80.1 75.1 

1953 83.7 84.0 84.1 

1954 82.5 83.8 86.7 

1955 91.8 95.8 98.1 

1956 96.4 97.2 97.3 

1957 96.0 95.1 96.1 

1958 89.7 87.0 87.8 

1959 98.2 101.5 102.6 

1960 104.7 101.8 99.1 

1961 98.1 99.4 101.4 

1962 106.3 110.2 111.6 

1963 111.3 116.7 119.3 

1964 125.0 125.0 126.1 

1965 134.6 139.2 141.4 

1966 149.1 147.9 146.6 

1967 138.1 141.5 143.3 

1968 151.7 150.5 151.8 

1969 160.7 161.2 161.7 

1970 155.9 153.3 155.1 

1971 158.6 1647 168.2 

1972 1797 182.5 184.0 

1973 199.7 202.0 201.6 

1974 193.1 188.3 182.6 

1975 160.1 158.1 162.3 

1976 171.4 174.4 177.3 

1977 191.2 199.9 204.0 

1978 209.4 221.5 224.8 

1979 228.6 227.6 232.4 

1980 224.8 204.5 207.5 

1981 219.7 220.7 220.2 

1982 209.9 204,9 199.8 

120.5 

126.3 

126.4 

135.7 

137.5 

143.4 

145.3 

153.4 

160.6 

168.0 

172.3 

178.2 

188.1 

194.6 

203.7 

212.1 

222.4 

234.1 

246.0 

255.9 

267.4 

281.0 

293.9 

302.5 

314.9 

331.9 

343.5 

351.6 

363.9 

382.8 

3997 

416.9 

,432.6 

444.7 

457.1 

470.4 

Average 

77.3 

81.2 

62.8 

108.7 

85.3 

87.6 

78.6 

89.7 

107.8 

101.7 

91.7 

98.0 

110.2 

93.8 

112.6 

116.0 

129.6 

136.1 

155.4 

162.0 

163.0 

164.9 

164.8 

156.2 

175.4 

202.7 

221.8 

184.3 

163.3 

186.3 

218.5 

242.2 

225.3 

210.0 

2217 

178.4 

74.6 

75.9 

70.4 

86.7 

78.4 

80.4 

83.5 

88.3 

98.5 

96.4 

94.6 

92.8 

101.5 

99.0 

104.9 

110.7 

122.9 

127.4 

145.3 

141.2 

147.8 

156.3 

157.9 

154.8 

171.8 

193.0 

198.1 

171.5 

165.5 

183.9 

208.4 

227.1 

227.6 

214.7 

215.7 

201.1 

120.9 

124.7 

126.5 

132.9 

137.2 

140.9 

145.6 

150.5 

157.6 

165.0 

170.3 

175.9 

184.8 

192.4 

200.2 

208.8 

217.8 

229.8 

240.9 

251.8 

263.7 

275.6 

288.8 

299.3 

309.9 

325.3 

339.2 

348.0 

359.3 

374.7 

393.0 

412.0 

427.3 

438.8 

453.1 

466.2 

70.0 

82.1 

65.4 

93.5 

93.9 

83.0 

85.3 

83.1 

103.8 

102.6 

97.0 

87.5 

108.0 

104.7 

103.9 

117.6 

125.1 

133.0 

151.9 

163.0 

154.9 

161.6 

171.4 

158.5 

173.9 

195.0 

217.5 

195.5 

154.8 

184.5 

214.2 

236.7 

236.3 

208.5 

227.6 

194.5 

70.2 

76.6 

69.8 

83.0 

80.2 

78.7 

83.8 

85.3 

96.1 

96.8 

95.5 

89.3 

100.9 

101.2 

100.9 

109.7 

117.5 

125.9 

140.1 

146.2 

142.7 

152.6 

160.4 

154.8 

165.8 

184.8 

200.4 

183.9 

161.5 

176.7 

200.9 

220.7 

229.1 

212.9 

219.1 

203.9 

See footnotes at end of this part. 151 

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Year 

Quarterly 

1Q IIQ III Q 

245. Change in business inventories h current dollar* 

[Annual rate, bBons of dofars] 

IV Q Annual 

Average 

1947 0.4 -1.0 -2.7 1.4 -0.5 

1948 3.3 5.1 6.1 4.3 4.7 

1949 0 -5.3 -1.7 -5.3 -3.1 

1950 2.4 4.8 4.9 15.1 6.8 

1951 10.5 15.2 10.4 5.1 10.3 

1952 5.2 -2.3 4.3 5.4 3.1 

1953 2.4 3.2 .7 -4.5 .4 

1954 -2.5 -2.7 -2.2 1.3 -1.5 

1955 4.6 6.1 6.0 7.1 6.0 

1956 6.0 4.3 4.1 4.3 4.7 

1957 2.1 2.3 3.2 -2.2 1.3 

1958 -5.4 -5.1 .1 4.1 -1.5 

1959 4.2 10.2 1.4 6.8 5.7 

1960 10.5 2.8 2.6 -4.2 3.0 

1961 -3.2 1.5 5.2 5.8 2.3 

1962 8.3 6.4 5.9 4.5 6.3 

1963 5.7 6.1 6.5 5.6 6.0 

1964 5.4 5.9 4.5 6.7 5.6 

1965 12.3 9.5 9.2 8.5 9.9 

1966 13.1 14.5 11.3 17.6 14.1 

1967 12.4 6.0 10.2 12.8 10.3 

1968 4.6 10.7 8.5 7.7 7.9 

1969 10.4 10.4 12.3 6.3 9.8 

1970 1.6 4.4 6.0 .9 3.2 

1971 10.5 9.9 6.8 3.3 7.7 

1972 6.3 12.0 12.8 9.8 10.2 

1973 16.3 15.4 15.1 27.1 18.5 

1974 12.7 17.7 10.7 15.4 14.1 

1975 -14.3 -14.6 2.1 -.8 -6.9 

1976 15.3 17.3 11.4 3.3 11.8 

1977 19.6 23.3 32.1 17.1 23.0 

1978 25.3 30.8 23.5 26.2 26.5 

1979 21.5 26.4 11.8 -2.6 14.3 

1980 -1.6 3.0 -25.4 -15.1 -9.8 

1981 10.9 15.0 33.6 14.3 18.5 

1982 -25.7 -VL2 ^ JJ M -24.5 

248. Gross private iwnresidential fixed investment as a percent of G 

[Percent] 

1947 10.0 9.9 9.8 9.8 9.9 

1948 10.2 9.9 10.0 10.4 10.1 

1949 10.0 9.7 9.1 9.0 . 9.4 

1950 8.9 9.4 9.9 9.8 9.5 

1951 9.5 9.5 9.5 9.3 9.4 

1952 9.3 9.4 8.4 8.9 9.0 

1953 9.2 9.3 9.6 9.6 9.4 

1954 9.4 9.3 9.4 9.2 9.3 

1955 9.0 9.4 9.9 10.2 9.6 

1956 10.2 10.4 10.6 10.5 10.4 

1957 10.6 10.5 10.7 10.6 10.6 

1958 9.9 9.4 9.0 9.1 9.4 

1959 9.2 9.3 9.6 9.5 9.4 

1960 9.7 9.7 9.4 9.4 9.6 

1961 9.2 9.2 9.1 9.1 9.2 

1962 9.1 9.3 9.3 9.2 9.2 

1963 9.0 9.1 9.2 9.4 9.2 

1964 9.3 9.5 9.7 9.8 9.6 

1965 10.2 10.4 10.6 10.8 10.5 

1966 10.9 11.1 11.0 10.9 11.0 

1967 10.6 10.6 10.4 10.4 10.5 

1968 10.6 10.2 10.2 10.5 10.4 

1969 10.6 10.7 10.8 10.8 10.7 

1970 10.6 10.6 10.5 10.2 10.5 

1971 10.0 10.0 10.0 10.0 10.0 

1972 10.2 10.1 10.1 10.4 10.2 

1973 10.5 10.9 11.0 10.8 10.8 

1974 11.0 10.9 11.0 10.8 10.9 

1975 10.5 10.2 10.1 10.0 10.2 

1976 10.0 10.1 10.3 10.2 10.2 

1977 10.4 10.6 10.7 11.1 10.7 

1978 11.2 11.5 11.6 11.7 11.5 

1979 11.9 11.9 12.2 12.1 12.0 

1980 12.1 11.6 11.7 11.6 11.8 

1981 11.6 11.9 12.0 12.1 11.9 

1982 12.0 1L5 1 U lOjj 11.4 

250. Net exports of goods and services in current (Mars 

[Annual rate, bMons of defers] Average 

1947 11.9 12.4 12.9 10.5 11.9 

1948 3.7 6.7 6.4 6.0 6.9 

1949 7.9 7.6 6.5 4.1 6.5 

1950 3.4 3.0 .9 1.5 2.2 

1951 1.7 3.8 5.8 6.4 4.4 

1952 5.7 4.0 2.0 1.0 3.2 

1953 1.3 .8 1.3 1.6 1.3 

1954 1.7 2.3 2.6 3.5 2.5 

1955 3.6 2.3 3.3 2.9 3.0 

1956 3.4 4.9 5.6 7.2 5.3 

1957 8.0 7.6 7.4 6.1 7.3 

1958 3.8 3.2 3.5 2.4 3.3 

1959 1.1 .4 2.1 2.1 1.4 

1960 3.8 4.7 6.1 7.3 5.5 

1961 7.8 6.4 6.1 6.3 6.6 

1962 5.7 7.0 6.7 6.0 6.4 

1963 6.3 7.9 7.3 8.8 7.6 

1964 10.7 9.4 10.1 10.0 10.1 

1965 7.9 10.0 9.2 8.1 8.8 

1966 7.5 6.7 5.7 6.2 6.5 

1967 7.0 6.7 6.3 5.3 6.3 

1968 4.1 4.9 4.4 3.7 4.3 

1969 3.9 3.7 3.9 5.2 4.2 

1970 6.5 8.1 6.6 5.5 6.7 

1971 7.3 3.5 3.9 1.7 4.1 

1972 -.2 -.3 1.4 2.1 .7 

1973 7.0 11.4 18.5 19.8 14.2 

1974 22.0 11.7 7.8 12.1 13.4 

1975 25.6 28.5 24.9 28.1 26.8 

1976 18.4 15.0 12.2 9.4 13.8 

1977 -2.1 -1.8 -.4 -11.7 -4.0 

1978 -11.7 -4.1 1.2 10.1 -1.1 

1979 17.2 9.1 16.1 10.5 13.2 

1980 12.8 22.5 37.1 23.3 23.9 

1981 31.9 21.1 22.8 29.2 26.3 

1982 29.9 33.3 .9 5.6 17.4 

Year ^ ^ 

247. Cham in button tonateits at» ptietut of H P 

____ [Pwcwt] 

1947 0.2 -0.4 -1.2 

1948 1.3 2.0 2.3 

1949 0 -2.1 -.7 

1950 .9 1.7 1.7 

1951 3.3 4.6 3.1 

1952 1.5 -.7 1.2 

1953 .7 .8 .2 

1954 -.7 -.7 -.6 

1955 1.2 1.5 1.5 

1956 1.5 1.0 1.0 

1957 .5 .5 .7 

1958 -1.2 -1.2 0 

1959 .9 2.1 .3 

1960 2.1 .6 .5 

1961 -.6 .3 1.0 

1962 1.5 1.1 1.0 

1963 1.0 1.0 1.1 

1964 .9 .9 .7 

1965 1.8 1.4 1.3 

1966 1.8 1.9 1.5 

1967 1.6 .8 1.3 

1968 .5 1.2 1.0 

1969 1.1 1.1 1.3 

1970 .2 .4 .6 

1971 1.0 .9 .6 

1972 .6 1.0 1.1 

1973 1.3 1.2 1.1 

1974 .9 1.2 .7 

1975 -1.0 -1.0 .1 

1976 .9 1.0 .7 

1977 1.1 1.2 1.6 

1978 1.2 1.4 1.1 

1979 .9 1.1 .5 

1980 -.1 .1 -1.0 

1981 .4 .5 1.1 

1982 -.9 ^ -.2 

249. Gross private residential feed Investment as a percent of Gfi 

[Percent] 

1947 4.4 4.3 5.0 

1948 5.8 6.0 5.8 

1949 5.1 5.1 5.4 

1950 6.5 7.1 7.3 

1951 6.2 5.3 4.9 

1952 5.0 5.1 5.1 

1953 5.1 5.1 4.9 

1954 5.0 5.4 5.7 

1955 6.2 6.2 6.0 

1956 5.5 5.4 5.3 

1957 4.8 4.7 4.6 

1958 4.6 4.6 4.8 

1959 5.5 5.6 5.5 

1960 5.2 4.8 4.6 

1961 4.6 4.5 4.7 

1962 4.7 4.8 4.8 

1963 4.9 5.1 5.0 

1964 5.1 4.8 4.7 

1965 4.6 4.6 4.5 

1966 4.2 4.0 3.7 

1967 3.2 3.5 3.7 

1968 3.9 4.0 4.0 

1969 4.2 4.2 4.0 

1970 3.7 3.5 3.6 

1971 4.2 4.6 4.9 

1972 5.3 5.3 5.3 

1973 5.5 5.3 5.1 

1974 4.4 4.2 4.0 

1975 3.4 3.5 3.6 

1976 4.0 4.1 4.1 

1977 4.6 5.0 5.1 

1978 5.0 5.2 5.2 

1979 5.0 5.0 5.0 

1980 4.4 3.6 3.7 

1981 3.9 3.8 3.4 

1982 2.9 3J) 2.8 

251. Net exports of goods and services as a percent of 6NP 

[Percent] 

1947 5.3 5.4 5.5 

1948 3.5 2.6 2.4 

1949 3.0 3.0 2.5 

1950 1.3 1.1 .3 

1951 .5 1.2 1.7 

1952 1.7 1.2 .6 

1953 .4 .2 .4 

1954 .5 .6 .7 

1955 .9 .6 .8 

1956 .8 1.2 1.3 

1957 1.8 1.7 1.6 

1958 .9 .7 .8 

1959 .2 .1 .4 

1960 .7 .9 1.2 

1961 1.5 1.2 1.2 

1962 1.0 1.2 1.2 

1963 1.1 1.3 1.2 

1964 1.7 1.5 1.6 

1965 1.2 1.5 1.3 

1966 1.0 .9 .7 

1967 .9 .8 .8 

1968 .5 .6 .5 

1969 .4 .4 .4 

1970 .7 .8 .7 

1971 .7 .3 .4 

1972 0 0 .1 

1973 .5 .9 1.4 

1974 1.6 .8 .5 

1975 1.7 1.9 1.6 

1976 1.1 .9 .7 

1977 -.1 -.1 0 

1978 -.6 -.2 .1 

1979 .7 .4 .7 

1980 .5 .9 1.4 

1981 1.1 .7 .8 

1982 1.0 1.1 0 

IV Q 

Annual 

0.6 

1.6 

-2.1 

4.9 

1.5 

1.5 

-1.2 

.3 

1.7 

1.0 

-.5 

.9 

1.4 

-.8 

1.1 

.8 

.9 

1.0 

1.2 

2.3 

1.6 

.9 

.7 

.1 

.3 

.8 

2.0 

1.0 

.2 

.9 

1.1 

-.1 

-.6 

.5 

-1.8 

Average 

5.9 

5.4 

6.1 

6.7 

4.9 

5.1 

5.0 

5.9 

5.6 

5.0 

4.6 

5.1 

5.2 

4.6 

4.8 

4.8 

5.2 

4.6 

4.3 

3.2 

3.9 

4.1 

3.8 

4.0 

5.1 

5.5 

4.7 

3.6 

3.8 

4.5 

5.2 

5.1 

4.7 

4.0 

3.1 

3.1 

4.3 

2.3 

1.6 

.5 

1.9 

.3 

.4 

.9 

.7 

1.7 

1.4 

.5 

.4 

1.4 

1.2 

1.0 

1.4 

1.5 

1.1 

.8 

.6 

.4 

.5 

.5 

.2 

.2 

1.4 

.8 

1.7 

.5 

-.6 

.4 

.4 

.9 

1.0 

.2 

-0.2 

1.8 

-1.2 

2.3 

3.1 

.9 

.1 

-.4 

1.5 

1.1 

.3 

-.4 

1.2 

.6 

.4 

1.1 

1.0 

.9 

1.4 

1.9 

1.3 

.9 

1.0 

.3 

.7 

.9 

1.4 

1.0 

-.5 

.7 

1.2 

1.2 

.6 

-.4 

.6 

4.9 

5.8 

5.4 

6.9 

5.3 

5.1 

5.0 

6.0 

5.3 

4.7 

4.8 

5.4 

4.8 

4.6 

4.8 

5.0 

4.8 

4.5 

3.8 

3.6 

4.0 

4.0 

3.7 

4.7 

5.4 

5.2 

4.0 

3.6 

4.2 

5.0 

5.1 

4.9 

3.9 

3.6 

3.0 

5.1 

2.7 

2.5 

.8 

1.3 

1.0 

.4 

.7 

.8 

1.2 

1.6 

.7 

.3 

1.0 

1.3 

1.1 

1.2 

1.6 

1.3 

.5 

.4 

.7 

.4 

-.1 

1.0 

.9 

1.7 

.8 

-.2 

-.1 

.6 

.9 

.9 

.6 

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Year 

Quarterly 

IQ HQ IHQ IV Q Annual 

252. Exports of goods and services in current dolars 

[Annual rate, bBons of dolars] Average 

1947 19.7 20.9 20.9 19.3 20.2 

1948 18.7 17.2 17.4 16.5 17.5 

1949 18.0 17.5 15.9 13.8 16.3 

1950 13.5 13.8 14.5 15.8 14.4 

1951 17.3 19.7 20.7 21.0 19.7 

1952 21.3 19.3 17.9 18.0 19.1 

1953 17.8 18.0 18.3 17.8 18.0 

1954 17.2 19.2 18.7 19.7 18.7 

1955 20.5 20.2 21.5 21.8 21.0 

1956 23.2 24.6 25.7 26.6 25.0 

1957 29.0 28.7 28.0 26.6 28.1 

1958 24.2 24.2 24.2 24.2 24.2 

1959 23.5 24.0 26.0 25.7 24.8 

1960 27.7 28.7 29.5 29.5 28.9 

1961 30.0 28.9 30.0 30.8 29.9 

1962 30.5 32.4 32.3 32.0 31.8 

1963 31.9 34.3 34.6 36.1 34.2 

1964 38.3 37.8 39.2 40.0 38.8 

1965 36.9 42.6 42.3 42.5 41.1 

1966 43.4 43.8 45.0 46.0 44.6 

1967 47.5 46.8 46.9 48.1 47.3 

1968 49.8 51.8 54.3 53.5 52.4 

1969 49.7 59.0 59.5 61.9 57.5 

1970 63.6 66.7 66.1 66.2 65.7 

1971 68.4 69.1 71.8 66.0 68.8 

1972 74.0 73.8 78.0 84.1 77.5 

1973 95.8 105.0 114.1 123.5 109.6 

1974 136.8 146.3 147.5 154.2 146.2 

1975 156.0 149.2 152.7 161.9 154.9 

1976 164.0 168.4 173.6 177.5 170.9 

1977 177.9 185.1 186.8 181.2 182.7 

1978 195.6 213.1 224.0 242.1 218.7 

1979 256.1 268.2 290.6 310.5 281.4 

1980 335.3 336.8 337.6 345.4 338.8 

1981 367.3 369.2 367.5 371.0 368.8 

1982 358.4 364J 346J 32L6 347.6 

255. Net exports of goods and services in 1972 dolars 

[Annual rate, bBons of dolars] 

1947 19.5 20.0 20.0 16.0 

1948 13.1 10.3 9.9 9.7 

1949 12.5 12.1 10.7 7.4 

1950 6.8 6.8 4.3 5.6 

1951 6.4 9.5 12.2 12.5 

1952 11.7 9.0 6.1 4.9 

1953 5.0 4.4 4.8 5.0 

1954 5.2 6.7 7.3 8.4 

1955 8.4 6.3 7.5 7.1 

1956 7.7 9.6 10.5 12.5 

1957 13.2 12.6 11.9 9.5 

1958 6.5 5.6 5.9 4.3 

1959 2.1 1.2 3.6 3.8 

1960 6.0 6.8 8.1 9.8 

1961 10.4 8.0 7.7 7.8 

1962 6.6 8.5 8.0 7.0 

1963 7.4 9.6 9.2 11.3 

1964 14.0 12.3 12.8 12.4 

1965 9.0 11.2 10.6 9.8 

1966 8.2 7.1 5.1 5.4 

1967 6.2 6.0 5.4 3.9 

1968 2.2 2.2 2.0 1.2 

1969 1.2 .4 .2 1.8 

1970 3.2 4.5 4.3 3.6 

1971 4.7 .3 1.7 -.2 

1972 -1.9 -.4 2.4 2.9 

1973 7.7 13.7 19.4 21.2 

1974 28.2 28.9 26.2 27.8 

1975 32.1 33.5 30.8 32.3 

1976 26.7 25.9 25.6 23.4 

1977 22.3 22.6 24.9 18.1 

1978 19.1 22.4 25.3 29.3 

1979 33.4 31.5 39.8 44.2 

1980 49.8 52.6 53.4 45.4 

1981 48.3 44.1 39.8 39.9 

1982 35.2 m 24J) 23J) 

257. Imports of goods and services in 1972 dolars 

[Annual rate, nitons of dolars] Average 

1947 13.3 13.5 12.8 13.8 13.3 

1948 15.1 15.4 16.1 15.5 15.5 

1949 15.2 15.3 14.9 15.2 15.2 

1950 15.9 16.5 19.5 19.0 17.7 

1951 19.4 18.7 17.8 18.0 18.5 

1952 19.1 19.0 20.1 21.7 20.0 

1953 21.3 22.4 22.2 21.3 21.8 

1954 20.5 21.8 20.6 20.9 20.9 

1955 21.9 23.4 23.8 24.4 23.4 

1956 25.3 25.2 25.7 24.6 25.2 

1957 26.2 26.4 25.8 26.1 26.1 

1958 26.5 27.6 27.3 28.9 27.6 

1959 30.0 31.5 31.8 31.1 31.1 

1960 31.3 31.5 30.7 29.4 30.7 

1961 29.5 29.8 31.7 32.5 30.9 

1962 33.3 34.1 34.6 35.2 34.3 

1963 34.5 35.2 36.0 36.0 35.4 

1964 36.0 36.9 37.9 39.0 37.5 

1965 37.7 42.4 42.5 43.9 41.6 

1966 45.8 46.7 49.5 49.7 47.9 

1967 50.7 50.2 50.9 53.5 51.3 

1968 56.8 57.9 61.5 61.1 59.3 

1969 55.8 67.0 67.0 66.5 64.1 

1970 66.2 67.0 66.3 66.8 66.6 

1971 66.0 70.9 72.5 67.9 69.3 

1972 76.9 74.6 75.8 79.6 76.7 

1973 83.3 82.1 80.4 81.2 81.8 

1974 79.8 82.5 81.3 79.1 80.7 

1975 71.9 66.8 71.7 75.1 71.4 

1976 80.9 83.3 85.9 88.5 84.7 

1977 88.7 91.3 90.3 93.2 90.9 

1978 99.0 101.9 103.5 106.2 102.7 

1979 105.4 109.0 109.4 112.2 109.0 

1980 114.5 108.4 102.9 109.3 108.8 

1981 112.4 116.6 119.1 118.8 116.7 

1982 116.6 12U 1224 113.5 118.4 

18.9 

10.8 

10.7 

5.9 

10.1 

7.9 

4.8 

6.9 

7.3 

10.1 

11.8 

5.6 

2.7 

7.7 

8.5 

7.5 

9.4 

12.8 

10.1 

6.5 

5.4 

1.9 

.9 

3.9 

1.6 

.7 

15.5 

27.8 

32.2 

25.4 

22.0 

24.0 

37.2 

50.3 

43.0 

28.9 

Quarterly 

Year

 IQ IIQ IHQ 

253. Imports of goods and services in current dolars 

[Annual rate, bBons of dolars] 

1947 7.9 8.6 8.0 

1948 10.1 10.5 11.0 

1949 10.1 9.9 9.5 

1950 10.1 10.8 13.6 

1951 15.6 15.9 15.0 

1952 15.6 15.3 15.9 

1953 16.5 17.1 17.0 

1954 15.5 16.9 16.0 

1955 16.9 17.9 18.3 

1956 19.8 19.8 20.1 

1957 21.0 21.1 20.6 

1958 20.4 21.0 20.7 

1959 22.4 23.6 24.0 

1960 23.9 24.0 23.4 

1961 22.3 22.5 24.0 

1962 24.8 25.4 25.6 

1963 25.6 26.4 27.2 

1964 27.6 28.4 29.1 

1965 29.1 32.7 33.0 

1966 36.0 37.0 39.4 

1967 40.6 40.1 40.6 

1968 45.7 46.9 49.9 

1969 45.9 55.3 55.6 

1970 57.1 58.6 59.6 

1971 61.0 65.6 67.9 

1972 „.v 74.3 74.0 76.5 

1973 .*.: -"88. 8 93.5 95.6 

1974 114.7 134.6 139.8 

1975 130.3 120.7 127.8 

1976 145.6 153.4 161.4 

1977 180.0 186.8 187.2 

1978 207.2 217.2 222.9 

1979 238.9 259.1 274.5 

1980 322.5 314.2 300.5 

1981 335.4 348.1 344.7 

1982 328.5 33L2 345.0 

256. Exports of goods and services in 1972 dolars 

[Annual rate, bBons of dolars] 

1947 32.8 33.5 32.8 

1948 28.2 25.8 26.0 

1949 27.7 27.3 25.6 

1950 22.6 23.3 23.8 

1951 25.8 28.2 30.0 

1952 30.8 28.0 26.2 

1953 26.3 26.8 27.0 

1954 25.7 28.4 27.9 

1955 30.3 29.7 31.2 

1956 33.0 34.8 36.2 

1957 39.4 39.1 37.7 

1958 33.0 33.2 33.2 

1959 32.1 32.7 35.4 

1960 37.3 38.2 38.9 

1961 39.9 37.8 39.4 

1962 40.0 42.6 42.6 

1963 41.9 44.8 45.2 

1964 50.0 49.2 50.6 

1965 46.7 53.6 53.1 

1966 54.1 53.8 54.6 

1967 56.9 56.1 56.3 

1968 59.0 60.1 63.6 

1969 57.1 67.4 67.2 

1970 69.4 71.5 70.6 

1971 70.7 71.2 74.2 

1972 74.9 74.2 78.2 

1973 91.0 95.8 99.8 

1974 108.0 111.4 107.5 

1975 104.0 100.3 102.5 

1976 107.6 109.3 111.5 

1977 111.0 113.9 115.2 

1978 118.1 124.3 128.8 

1979 138.8 140.4 149.2 

1980 164.4 161.0 156.4 

1981 160.6 160.7 159.0 

1982 151.8 154J 146.4 

260. Government purchases of goods and services in current d 

[Annual rate, bBons of dolars] 

1947 24.6 25.4 25.5 

1948 27.7 30.7 33.2 

1949 36.7 38.4 39.1 

1950 37.7 36.9 38.0 

1951 49.6 56.7 64.4 

1952 70.9 75.5 77.5 

1953 81.7 82.6 82.4 

1954 79.5 75.4 74.6 

1955 74.3 74.1 75.4 

1956 77.2 79.3 79.7 

1957 86.2 86.6 87.5 

1958 91.2 94.2 96.1 

1959 97.8 98.0 97.5 

1960 97.3 99.3 101.8 

1961 105.0 106.8 108.4 

1962 116.1 116.8 118.8 

1963 122.1 121.3 124.3 

1964 128.3 130.0 130.0 

1965 131.6 135.6 140.1 

1966 150.0 155.3 162.0 

1967 174.9 177.3 182.0 

1968 192.4 198.6 201.0 

1969 204.5 207.4 210.7 

1970 216.4 217.7 221.1 

1971 229.7 232.4 236.4 

1972 249.7 251.5 252.9 

1973 264.9 266.3 268.9 

1974 286.8 300.6 309.2 

1975 327.7 333.6 344.0 

1976 357.0 358.1 362.8 

1977 377.9 390.7 398.7 

1978 412.8 424.4 439.3 

1979 456.9 464.5 478.5 

1980 517.6 535.5 539.1 

1981 576.3 583.5 600.3 

1982 629.8 631.6 655.7 

IV Q Annual 

8.8 

10.6 

9.6 

14.3 

14.7 

17.0 

16.3 

16.2 

18.9 

19.4 

20.5 

21.8 

23.6 

22.3 

24.5 

26.0 

27.3 

30.0 

34.4 

39.8 

42.8 

49.8 

56.6 

60.7 

64.3 

82.1 

103.6 

142.1 

133.8 

168.1 

192.9 

232.0 

300.0 

322.0 

341.7 

316.1 

Average 

29.8 

25.1 

22.6 

24.6 

30.5 

26.6 

26.3 

29.3 

31.4 

37.1 

35.6 

33.2 

34.9 

39.2 

40.3 

42.2 

47.3 

51.4 

53.6 

55.1 

57.4 

62.3 

68.3 

70.4 

67.7 

82.5 

102.4 

106.9 

107.4 

111.9 

111.4 

135.6 

156.4 

154.7 

158.7 

136.5 

26.1 

36.0 

39.2 

41.4 

69.6 

78.3 

83.4 

73.4 

76.2 

81.3 

88.1 

98.7 

97.0 

102.7 

112.3 

120.4 

127.0 

130.9 

146.1 

167.3 

186.5 

204.0 

212.4 

225.3 

240.9 

258.3 

281.6 

319.7 

354.3 

370.4 

408.0 

451.1 

497.6 

559.0 

622.8 

679.7 

8.3 

10.5 

9.8 

12.2 

15.3 

15.9 

16.7 

16.2 

18.0 

19.8 

20.8 

21.0 

23.4 

23.4 

23.3 

25.4 

26.6 

28.8 

32.3 

38.1 

41.0 

48.1 

53.3 

59.0 

64.7 

76.7 

95.4 

132.8 

128.1 

157.1 

186.7 

219.8 

268.1 

314.8 

342.5 

330.2 

Average 

32.2 

26.3 

25.8 

23.6 

28.6 

27.9 

26.6 

27.8 

30.7 

35.3 

38.0 

33.2 

33.8 

38.4 

39.3 

41.8 

44.8 

50.3 

51.7 

54.4 

56.7 

61.2 

65.0 

70.5 

71.0 

77.5 

97.3 

108.5 

103.5 

110.1 

112.9 

126.7 

146.2 

159.1 

159.7 

147.3 

Average 

25.5 

32.0 

38.4 

38.5 

60.1 

75.6 

82.5 

75.8 

75.0 

79.4 

87.1 

95.0 

97.6 

100.3 

108.2 

118.0 

123.7 

129.8 

138.4 

158.7 

180.2 

199.0 

208.8 

220.1 

234.9 

253.1 

270.4 

304.1 

339.9 

362.1 

393.8 

431.9 

474.4 

537.8 

595.7 

649.2 

See footnotes at end of this part. 

Digitized 

153 

for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
261. Government purchases of foods and services in 1972 doi 

[Annual rate, Mfons of dolars] 

1947 74.7 76.0 76.4 

1948 76.5 83.1 87.0 

1949 93.0 96.8 99.0 

1950 98.6 96.2 95.5 

1951 115.7 128.5 141.2 

1952 152.9 159.4 163.7 

1953 167.7 170.2 170.0 

1954 162.6 155.6 153.8 

1955 152.7 150.9 153.5 

1956 152.1 154.0 152.9 

1957 160.1 161.1 161.6 

1958 165.0 168.7 171.0 

1959 171.6 171.3 170.2 

1960 169.2 172.4 174.4 

1961 179.4 181.0 182.7 

1962 191.3 191.8 194.6 

1963 195.8 195.1 199.3 

1964 201.7 203.4 202.3 

1965 202.3 207.2 211.8 

1966 221.2 224.8 234.0 

1967 244.2 247.0 250.6 

1968 256.5 260.9 262.2 

1969 258.6 259.2 256.8 

1970 252.7 249.6 250.9 

1971 250.0 248.3 250.6 

1972 254.5 253.2 252.6 

1973 254.6 251.1 251.3 

1974 257.5 260.8 260.9 

1975 263.0 263.0 266.6 

1976 267.0 264.9 264.3 

1977 265.6 269.0 270.8 

1978 270.4 273.6 276.8 

1979 276.4 276.8 278.8 

1980 284.0 286.8 284.0 

1981 285.6 284.1 286.8 

1982 289.4 285J 292.2 

263. Federal Government purchases of goods and services in 1972 

[Annual rate, blons of dolars] 

1947 36.6 37.1 36.6 

1948 36.0 41.7 44.9 

1949 48.2 49.9 50.3 

1950 48.1 45.4 44.5 

1951 65.0 77.0 89.5 

1952 100.7 106.3 111.6 

1953 113.5 115.9 114.4 

1954 103.9 96.5 93.3 

1955 89.5 86.8 89.2 

1956 86.6 87.6 85.9 

1957 91.0 91.3 90.7 

1958 90.9 93.2 93.9 

1959 92.3 92.0 90.8 

1960 88.9 90.4 91.1 

1961 92.6 94.6 95.4 

1962 102.2 102.1 103.7 

1963 102.2 100.6 102.3 

1964 101.8 101.3 99.1 

1965 96.8 99.0 100.5 

1966 106.5 108.8 116.8 

1967 122.5 124.6 127.1 

1968 127.8 129.5 128.8 

1969 123.6 123.5 120.8 

1970 115.1 110.9 108.8 

1971 105.6 102.6 104.1 

1972 104.3 103.3 101.0 

1973 98.9 94.9 93.5 

1974 95.3 96.9 96.8 

1975 96.8 96.5 98.1 

1976 96.5 96.3 96.8 

1977 97.6 100.2 102.2 

1978 98.8 99.0 101.1 

1979 102.2 101.0 101.9 

1980 105.8 109.3 106.2 

1981 107.3 107.9 111.8 

1982 114.5 1103 116.9 

266. State and local government purchases of goods and services in 

[Annual rate, Mfons of dolars] 

1947 12.0 12.4 12.9 

1948 14.0 14.8 15.7 

1949 16.9 17.7 18.5 

1950 19.1 19.4 20.0 

1951 20.9 21.6 22.1 

1952 22.6 23.3 23.1 

1953 24.5 24.4 25.1 

1954 26.7 27.4 28.4 

1955 29.8 30.3 30.7 

1956 32.3 33.1 33.9 

1957 35.9 36.7 37.5 

1958 39.5 40.6 41.7 

1959 43.6 43.7 43.8 

1960 44.9 46.2 47.2 

1961 49.7 49.9 50.8 

1962 53.1 53.8 54.7 

1963 57.2 58.0 59.8 

1964 62.4 64.2 65.3 

1965 67.7 69.8 72.6 

1966 76.4 78.5 80.5 

1967 86.3 88.0 89.9 

1968 96.4 99.7 102.3 

1969 107.5 110.3 112.4 

1970 118.4 122.0 126.9 

1971 133.9 137.4 139.9 

1972 147.0 148.7 152.5 

1973 161.9 165.9 170.2 

1974 182.8 191.0 196.6 

1975 208.5 213.5 220.3 

1976 230.4 231.8 233.4 

1977 242.1 248.4 252.5 

1978 265.5 275.3 283.2 

1979 292.5 301.2 310.5 

1980 329.6 336.5 344.6 

1981 360.5 363.2 367.9 

1982 380.0 387.5 394.0 

Average 

75.6 

91.6 

98.1 

102.0 

149.2 

163.3 

172.0 

151.7 

152.0 

154.8 

162.0 

174.7 

169.3 

175.4 

188.4 

195.0 

200.2 

203.1 

217.7 

238.7 

252.2 

261.1 

255.0 

251.0 

251.5 

252.1 

256.4 

261.8 

268.3 

264.5 

271.4 

277.7 

281.2 

282.5 

289.6 

299.7 

35.1 

48.4 

48.6 

51.0 

97.4 

110.0 

115.1 

90.8 

87.2 

87.2 

89.5 

96.0 

90.3 

91.3 

98.7 

103.2 

102.0 

98.6 

104.7 

118.3 

126.3 

126.5 

119.1 

107.5 

102.7 

98.1 

96.3 

97.5 

98.2 

97.4 

101.8 

102.4 

103.4 

104.2 

114.5 

124.4 

13.6 

16.3 

18.7 

20.5 

22.4 

23.8 

25.8 

28.7 

31.3 

34.6 

38.5 

42.7 

43.7 

47.9 

52.7 

55.6 

61.2 

66.4 

74.3 

83.9 

92.9 

105.4 

114.6 

130.3 

143.4 

157.5 

175.9 

201.9 

226.4 

236.2 

258.4 

289.3 

319.8 

352.4 

374.3 

400.5 

75.7 

84.7 

96.8 

98.1 

133.7 

159.8 

170.1 

156.0 

152.3 

153.5 

161.2 

169.8 

170.6 

172.8 

182.9 

193.2 

197.6 

202.6 

209.8 

229.7 

248.5 

260.2 

257.4 

251.1 

250.1 

253.1 

253.3 

260.3 

265.2 

265.2 

269.2 

274.6 

278.3 

284.3 

286.5 

291.8 

Average 

36.3 

42.8 

49.2 

47.3 

82.2 

107.2 

114.7 

96.1 

90.6 

93.4 

91.4 

90.4 

95.3 

102.8 

101.8 

100.2 

100.3 

112.6 

125.1 

128.1 

121.8 

110.6 

103.7 

101.7 

95.9 

96.6 

97.4 

96.8 

100.4 

100.3 

102.1 

106.4 

110.4 

116.6 

Average 

12.8 

15.3 

18.0 

19.8 

21.8 

23.2 

25.0 

27.8 

30.6 

33.5 

37.1 

41.1 

43.7 

46.5 

50.8 

54.3 

59.0 

64.6 

71.1 

79.8 

89.3 

101.0 

111.2 

124.4 

138.7 

151.4 

168.5 

193.1 

217.2 

232.9 

250.4 

278.3 

306.0 

340.8 

366.5 

390.5 

262. Federal Government purchases of goods and services in current dolars 

' [Annual rate, bMons of dolars] 

1947 12.6 13.1 12.6 12.6 

1948 13.7 15.9 17.6 19.7 

1949 19.8 20.7 20.7 20.5 

1950 18.6 17.4 18.0 20.9 

1951 28.7 35.1 42.3 47.2 

1952 48.3 52.2 54.3 54.6 

1953 57.2 58.1 57.2 57.6 

1954 52.8 48.0 46.2 44.8 

1955 44.5 43.7 44.7 44.9 

1956 44.9 46.2 45.8 46.7 

1957 50.3 49.9 50.1 49.6 

1958 51.6 53.6 54.4 55.9 

1959 54.3 54.3 53.7 53.3 

1960 52.3 53.1 54.6 54.8 

1961 55.3 56.9 57.7 59.6 

1962 63.0 63.0 64.1 64.8 

1963 64.9 63.3 64.5 65.9 

1964 65.9 65.8 64.7 64.5 

1965 63.9 65.8 67.6 71.8 

1966 73.6 76.8 81.5 83.5 

1967 88.6 89.4 92.1 93.7 

1968 96.0 98.8 98.6 98.6 

1969 97.0 97.2 98.3 97.8 

1970 98.0 95.8 94.2 95.0 

1971 95.8 95.0 96.6 97.4 

1972 102.7 102.8 100.4 100.8 

1973 103.0 100.4 98.8 105.8 

1974 103.9 109.6 112.7 117.8 

1975 119.2 120.1 123.7 127.9 

1976 126.7 126.3 129.5 134.3 

1977 135.8 142.2 146.2 149.5 

1978 147.3 149.2 156.1 161.8 

1979 164.4 163.2 168.0 177.8 

1980 188.1 199.0 194.5 206.6 

1981 215.7 220.4 232.4 248.5 

1982 249.7 244J 2617 279.2 

265. Federal Government purchases of goods and services as a percent of GNP 

[Percent] 

1947 5.6 5.7 5.4 5.2 

1948 5.5 6.2 6.7 7.4 

1949 7.6 8.1 8.0 8.0 

1950 7.0 6.3 6.1 6.8 

1951 9.0 10.7 12.6 13.9 

1952 14.1 15.3 15.6 15.2 

1953 15.6 15.7 15.5 15.9 

1954 14.6 13.2 12.6 11.9 

1955 11.5 11.0 11.0 10.9 

1956 10.9 11.0 10.8 10.8 

1957 11.4 11.3 11.1 11.2 

1958 11.8 12.2 12.0 12.0 

1959 11.4 11.1 11.0 10.8 

1960 10.3 10.5 10.7 10.9 

1961 10.9 11.0 10.9 11.0 

1962 11.4 11.2 11.3 11.3 

1963 11.2 10.7 10.7 10.8 

1964 10.5 10.4 10.1 9.9 

1965 9.6 9.7 9.7 10.0 

1966 10.0 10.2 10.7 10.8 

1967 11.3 11.3 11.4 11.4 

1968 11.4 11.4 11.1 11.0 

1969 10.5 10.4 10.3 10.2 

1970 10.1 9.7 9.4 9.4 

1971 9.1 8.9 8.9 8.8 

1972 9.0 8.8 8.4 8.2 

1973 8.0 7.7 7.4 7.7 

1974 7.5 7.7 7.8 8.0 

1975 8.1 7.9 7.8 7.9 

1976 7.6 7.4 7.5 7.6 

1977 7.4 7.5 7.5 7.5 

1978 7.3 7.0 7.1 7.1 

1979 7.0 6.9 6.8 7.1 

1980 7.3 7.7 7.4 7.6 

1981 7.5 7.6 7.7 8.2 

1982 8J 8J) 8Jj ?J)_ 

267. State and local government purchases of goods and services in 1972 dolars 

[Annual rate, bMons of dolars] 

1947 38.1 39.0 39.8 40.5 

1948 40.5 41.4 42.1 43.1 

1949 44.8 46.9 48.7 49.5 

1950 50.4 50.8 50.9 51.0 

1951 50.7 51.5 51.8 51.8 

1952 52.2 53.1 52.1 53.2 

1953 54.3 54.3 55.6 56.9 

1954 58.7 59.0 60.6 60.9 

1955 63.3 64.1 64.3 64.8 

1956 65.5 66.5 66.9 67.6 

1957 69.2 69.8 70.8 72.5 

1958 74.2 75.6 77.2 78.7 

1959 79.3 79.3 79.4 79.0 

1960 80.3 82.0 83.3 84.1 

1961 86.8 86.4 87.3 89.7 

1962 89.1 89.7 90.9 91.8 

1963 93.6 94.4 96.9 98.2 

1964 99.9 102.1 103.3 104.6 

1965 105.5 108.2 111.3 113.0 

1966 114.7 116.0 117.2 120.4 

1967 121.7 122.4 123.5 125.9 

1968 128.7 131.4 133.4 134.6 

1969 135.0 135.7 136.0 135.9 

1970 137.6 138.7 142.1 143.4 

1971 144.4 145.7 146.5 148.8 

1972 150.2 150.0 151.6 154.0 

1973 155.7 156.2 157.8 160.1 

1974 162.2 163.9 164.1 164.3 

1975 166.2 166.5 168.4 170.2 

1976 170.5 168.6 167.6 167.1 

1977 168.0 168.8 168.6 169.6 

1978 171.6 174.7 175.7 175.3 

1979 174.2 175.9 176.8 177.8 

1980 178.1 177.5 177.8 178.3 

1981 178.3 176.2 175.0 175.1 

1982 174.9 175J 175J 175.2 

12.7 

16.7 

20.4 

18.7 

38.3 

52.4 

57.5 

47.9 

44.5 

45.9 

50.0 

53.9 

53.9 

53.7 

57.4 

63.7 

64.6 

65.2 

67.3 

78.8 

90.9 

98.0 

97.6 

95.7 

96.2 

101.7 

102.0 

111.0 

122.7 

129.2 

143.4 

153.6 

168.3 

197.0 

229.2 

258.7 

5.5 

6.4 

7.9 

6.6 

11.6 

15.0 

15.7 

13.1 

11.1 

10.9 

11.2 

12.0 

11.1 

10.6 

11.0 

11.3 

10.8 

10.2 

9.8 

10.4 

11.4 

11.2 

10.4 

9.6 

8.9 

8.6 

7.7 

7.8 

7.9 

7.5 

7.5 

7.1 

7.0 

7.5 

7.8 

8.4 

Average 

39.4 

41.9 

47.5 

50.8 

51.5 

52.7 

55.3 

59.9 

64.1 

66.7 

70.6 

76.4 

79.2 

82.4 

87.5 

90.4 

95.8 

102.4 

109.5 

117.1 

123.4 

132.1 

135.6 

140.5 

146.4 

151.4 

157.4 

163.6 

167.8 

168.4 

168.8 

174.3 

176.2 

177.9 

176.1 

175.2 

154 

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Year 

Quarterly 

IQ IIQ IV Q 

Annual 

268. State and local government purchases of goods and services as a percent of GNP 

[Percent] Average 

1947 

1948 

1949 

1950 

1951 

1952 

1953 

1954. 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

1947 

1948 

1949 

1950 

1951 

1952 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

1947 

1948 

1949 

1950 

1951 

1952 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

5.3 

5.6 

6.5 

7.1 

6.5 

6.6 

6.7 

7.4 

7.7 

7.8 

8.2 

9.0 

9.1 

8.9 

9.8 

9.6 

9.8 

10.0 

10.1 

10.3 

11.1 

11.5 

11.7 

12.2 

12.8 

12.9 

12.6 

13.2 

14.1 

13.8 

13.2 

13.1 

12.5 

12.8 

12.6 

12.6 

282. Proprietors' 

5.4 

5.7 

6.9 

7.0 

6.6 

6.8 

6.6 

7.6 

7.6 

7.9 

8.3 

9.2 

8.9 

9.1 

9.6 

9.6 

9.8 

10.1 

10.2 

10.5 

11.2 

11.5 

11.8 

12.4 

12.9 

12.7 

12.7 

13.4 

14.1 

13.6 

13.1 

12.9 

12.7 

13.0 

12.5 

12.6 

5.5 

5.9 

7.1 

6.8 

6.6 

6.6 

6.8 

7.7 

7.6 

8.0 

8.3 

9.2 

9.0 

9.3 

9.6 

9.6 

9.9 

10.2 

10.4 

10.6 

11.2 

11.6 

11.8 

12.6 

12.9 

12.7 

12.7 

13.5 

14.0 

13.5 

12.9 

12.9 

12.6 

13.1 

12.2 

12.7 

income with WA and CCAdj 

[Annual rate, bffons of dolars] 

37.6 

38.1 

37.0 

36.9 

42.5 

42.4 

42.6 

41.6 

42.2 

43.2 

44.6 

47.5 

47.8 

46.6 

48.0 

49.8 

50.0 

51.2 

54.7 

61.7 

59.9 

62.3 

67.2 

66.9 

68.7 

74.5 

88.1 

92.9 

82.7 

93.9 

100.8 

111.1 

128.9 

123.1 

121.1 

111.2 

34.0 

42.0 

36.4 

37.4 

42.9 

43.4 

41.8 

40.5 

42.8 

43.5 

45.1 

47.4 

48.2 

47.8 

48.3 

49.9 

50.3 

52.2 

57.0 

60.4 

60.8 

63.2 

67.3 

66.4 

68.7 

76.5 

92.1 

88.5 

87.8 

94.6 

100.3 

118.1 

134.1 

111.7 

118.9 

104.9 

35.3 

42.3 

35.8 

39.8 

43.3 

45.1 

41.1 

41.3 

43.1 

44.3 

46.0 

47.7 

47.4 

47.3 

48.6 

49.9 

50.7 

52.9 

57.6 

60.2 

62.1 

64.8 

67.1 

65.7 

68.2 

76.6 

95.8 

87.4 

94.7 

92.5 

103.9 

120.1 

133.3 

116.7 

123.5 

103.6 

284. Rental income of persons with CCAdj 

[Annual rate, bSons of dolars] 

5.4 

5.5 

5.9 

6.8 

7.4 

8.2 

9.5 

10.6 

11.2 

11.4 

11.9 

12.7 

13.0 

14.3 

14.8 

15.4 

16.3 

17.0 

17.5 

18.6 

19.3 

19.5 

19.7 

19.5 

19.6 

21.2 

22.3 

23.4 

23.3 

23.1 

24.8 

25.2 

28.2 

29.0 

37.4 

47.4 

5.1 

5.6 

6.0 

6.9 

7.5 

8.6 

9.8 

10.9 

11.2 

11.6 

12.1 

12.8 

13.5 

14.5 

14.9 

15.6 

16.5 

17.0 

18.0 

18.5 

19.8 

19.6 

19.9 

19.8 

20.1 

17.6 

21.6 

23.2 

23.1 

22.7 

24.4 

25.0 

27.0 

30.1 

39.9 

49.0 

5.1 

5.8 

6.2 

7.2 

7.8 

9.0 

10.2 

11.2 

11.3 

11.7 

12.4 

12.9 

13.9 

14.6 

15.1 

15.8 

16.7 

17.0 

18.1 

18.9 

19.9 

19.6 

19.5 

19.8 

20.5 

22.7 

22.9 

23.7 

22.8 

23.6 

25.5 

27.8 

27.2 

32.5 

42.7 

50.9 

5.6 

6.1 

7.3 

6.7 

6.6 

6.6 

7.1 

7.6 

7.6 

8.0 

8.7 

9.1 

8.8 

9.5 

9.7 

9.7 

10.0 

10.2 

10.4 

10.8 

11.3 

11.7 

11.9 

12.9 

13.0 

12.8 

12.8 

13.7 

14.0 

13.3 

13.0 

12.7 

12.8 

12.9 

12.3 

12.9 

36l 

41.0 

36.3 

40.7 

44.1 

42.5 

41.5 

41.5 

43.5 

44.8 

45.5 

48.2 

47.0 

47.1 

49.4 

49.9 

51.1 

53.5 

58.5 

59.7 

62.0 

65.6 

66.6 

65.9 

71.9 

79.9 

99.1 

86.1 

94.9 

95.3 

110.4 

124.8 

132.2 

118.3 

117.1 

116.2 

U 5.9 

6.4 

7.4 

8.1 

9.4 

10.6 

11.4 

11.4 

11.8 

12.5 

13.1 

14.2 

14.6 

15.3 

16.2 

16.6 

17.2 

18.3 

18.9 

19.8 

19.5 

19.2 

19.7 

20.7 

22.4 

23.5 

23.8 

22.9 

24.6 

24.5 

28.4 

29.2 

34.4 

45.6 

52.3 

5.4 

5.8 

7.0 

6.9 

6.6 

6.6 

6.8 

7.6 

7.6 

7.9 

8.4 

9.1 

9.0 

9.2 

9.7 

9.6 

9.9 

10.1 

10.3 

10.6 

11.2 

11.6 

11.8 

12.5 

12.9 

12.8 

12.7 

13.4 

14.0 

13.6 

13.0 

12.9 

12.6 

13.0 

12.4 

12.7 

Average 

35.9 

40.9 

36.4 

38.7 

43.2 

43.4 

41.8 

41.2 

42.9 

43.9 

45.3 

47.7 

47.6 

47.2 

48.6 

49.9 

50.5 

52.5 

56.9 

60.5 

61.2 

64.0 

67.0 

66.2 

69.4 

76.9 

93.8 

88.7 

90.0 

94.1 

103.9 

118.5 

132.1 

117.4 

120.2 

109.0 

Average 

5.3 

5.7 

6.1 

7.1 

7.7 

8.8 

10.0 

11.0 

11.3 

11.6 

12.2 

12.9 

13.6 

14.5 

15.0 

15.8 

16.5 

17.1 

18.0 

18.7 

19.7 

19.5 

19.6 

19.7 

20.2 

21.0 

22.6 

23.5 

23.0 

23.5 

24.8 

26.6 

27.9 

31.5 

41.4 

49.9 

Year ^ ^ 

TM r IQ IIQ III Q 

280. Compensation of employees 

[Annual rate, bMons of dolars] 

1947 125.9 127.8 129.2 

1948 137.2 139.0 144.0 

1949 143.4 141.2 140.5 

1950 144.2 150.2 158.5 

1951 174.5 180.1 183.3 

1952 191.0 192.3 195.8 

1953 207.4 210.7 210.8 

1954 207.3 206.9 207.5 

1955 216.3 222.8 227.7 

1956 237.1 241.7 244.7 

1957 254.2 256.0 258.6 

1958 254.0 253.5 259.6 

1959 273.1 280.2 280.9 

1960 292.5 295.4 296.2 

1961 296.4 300.5 305.4 

1962 318.4 324.3 327.1 

1963 335.3 340.1 345.0 

1964 357.4 364.7 371.9 

1965 384.5 391.2 399.3 

1966 423.4 434.5 445.5 

1967 459.9 465.3 474.8 

1968 500.0 513.2 527.0 

1969 551.7 565.6 581.8 

1970 602.5 608.7 617.4 

1971 635.4 647.3 657.3 

1972. ;-693.7 709.0 722.9 

1973 773.3 791.3 809.3 

1974 848.1 868.8 889.9 

1975 903.8 914.4 939.2 

1976 1,001.4 1,023.9 1,046.9 

1977 1,101.1 1,136.0 1,167.8 

1978 1,237.2 1,283.2 1,320.4 

1979 1,406.5 1,434.9 1,477.6 

1980 1,555.6 1,574.8 1,604.5 

1981 1,718.8 1,750.9 1,791.7 

1982 1,834.2 1,859.9 1,879.5 

283. Proprietors' income with IVA and CCAdj as a percent of national 

[Percent] 

1947 19.7 17.7 18.1 

1948 18.0 19.2 18.9 

1949 17.0 17.1 16.8 

1950 16.8 16.3 16.3 

1951 16.0 15.7 15.6 

1952 15.0 15.3 15.6 

1953 14.1 13.7 13.5 

1954 14.0 13.6 13.7 

1955 13.2 13.0 12.9 

1956 12.6 12.5 12.6 

1957 12.3 12.4 12.5 

1958 13.3 13.2 12.9 

1959 12.2 11.9 11.8 

1960 11.2 11.5 11.4 

1961 11.6 11.4 11.2 

1962 11.0 10.9 10.7 

1963 10.5 10.4 10.3 

1964 10.0 10.0 10.0 

1965 9.9 10.1 10.0 

1966 10.1 9.7 9.5 

1967 9.3 9.3 9.3 

1968 . 8.9 8.8 8.9 

1969 8.8 8.7 8.5 

1970 8.4 8.2 8.0 

1971 8.1 8.0 7.8 

1972 8.0 8.1 7.9 

1973 8.4 8.6 8.7 

1974 8.2 7.7 7.5 

1975 7.0 7.3 7.5 

1976 7.0 6.9 6.7 

1977 6.9 6.6 6.6 

1978 6.7 6.8 6.7 

1979 6.8 6.9 6.7 

1980 5.9 5.4 5.5 

1981 5.3 5.1 5.1 

1982 4J> 4J 4.2 

285. Rental income of persons with CCAdj as a percent of national 

[Percent] 

1947 2.8 2.7 2.6 

1948 2.6 2.6 2.6 

1949 2.7 2.8 2.9 

1950 3.1 3.0 2.9 

1951 2.8 2.8 2.8 

1952 2.9 3.0 3.1 

1953 3.1 3.2 3.4 

1954 3.6 3.7 3.7 

1955 3.5 3.4 3.4 

1956 3.3 3.3 3.3 

1957 3.3 3.3 3.4 

1958 3.6 3.6 3.5 

1959 3.3 3.3 3.5 

1960 3.4 3.5 3.5 

1961 3.6 3.5 3.5 

1962 3.4 3.4 3.4 

1963 3.4 3.4 3.4 

1964 3.3 3.3 3.2 

1965 3.2 3.2 3.1 

1966 3.0 3.0 3.0 

1967 3.0 3.0 3.0 

1968 2.8 2.7 2.7 

1969 2.6 2.6 2.5 

1970 2.4 2.4 2.4 

1971 2.3 2.3 2.3 

1972 2.3 1.9 2.3 

1973 2.1 2.0 2.1 

1974 2.1 2.0 2.0 

1975 2.0 1.9 1.8 

1976 1.7 1.7 1.7 

1977 1.7 1.6 1.6 

1978 1.5 1.4 1.6 

1979 1.5 1.4 1.4 

1980 1.4 1.5 1.5 

1981 1.6 1.7 1.8 

1982 2.0 2.0 2.1 

IV Q 

133.7 

145.5 

140.2 

166.4 

186.0 

203.6 

209.3 

211.8 

232.8 

250.5 

257.0 

265.8 

284.1 

295.6 

312.0 

330.5 

351.1 

377.8 

411.2 

453.8 

485.6 

539.4 

592.3 

619.3 

668.7 

746.3 

831.3 

903.1 

968.0 

1,073.2 

1,203.4 

1,363.6 

1,513.6 

1,663.6 

1,815.6 

1,889.0 

18.2 

18.2 

17.3 

15.8 

15.7 

14.3 

14.0 

13.4 

12.8 

12.5 

12.5 

12.6 

11.6 

11.4 

11.1 

10.6 

10.2 

10.0 

9.9 

9.3 

9.1 

8.8 

8.4 

8.1 

8.0 

7.9 

8.8 

7.3 

7.3 

6.7 

6.8 

6.7 

6.5 

5.4 

4.8 

4.7 

2.7 

2.6 

3.0 

2.9 

2.9 

3.2 

3.6 

3.7 

3.3 

3.3 

3.4 

3.4 

3.5 

3.5 

3.4 

3.4 

3.3 

3.2 

3.1 

2.9 

2.9 

2.6 

2.4 

2.4 

2.3 

2.2 

2.1 

2.0 

1.8 

1.7 

1.5 

1.5 

1.4 

1.6 

1.9 

2.1 

129.2 

141.4 

141.3 

154.8 

181.0 

195.7 

209.6 

208.4 

224.9 

243.5 

256.5 

258.2 

279.6 

294.9 

303.6 

325.1 

342.9 

368.0 

396.5 

439.3 

471.4 

519.9 

572.9 

612.0 

652.2 

718.0 

801.3 

877.5 

931.4 

1,036.3 

1,152.1 

1,301.1 

1,458.1 

1,599.6 

1,769.2 

1,865.7 

Average 

18.4 

18.6 

17.0 

16.3 

15.8 

15.0 

13.8 

13.7 

13.0 

12.6 

12.4 

13.0 

11.9 

11.4 

11.3 

10.8 

10.4 

10.0 

10.0 

9.6 

9.2 

8.8 

8.6 

8.2 

8.0 

8.0 

8.6 

7.7 

7.3 

6.8 

6.7 

6.7 

6.7 

5.6 

5.1 

4.4 

Average 

2.7 

2.6 

2.8 

3.0 

2.8 

3.0 

3.3 

3.7 

3.4 

3.3 

3.4 

3.5 

3.4 

3.5 

3.5 

3.4 

3.4 

3.2 

3.2 

3.0 

3.0 

2.7 

2.5 

2.4 

2.3 

2.2 

2.1 

2.0 

1.9 

1.7 

1.6 

1.5 

1.4 

1.5 

1.8 

2.0 

See footnotes at end of this part. 155 

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Year 

Quarterly 

1Q IIQ III Q 

286. Corporate profits before tax with IVA and CCAdj 

[Annual rate, bikms of dolars] 

IV Q Annual 

Average 

1947.... 

1948.... 

1949.... 

1950.... 

1951.... 

1952.... 

1953.... 

1954.... 

1955.... 

1956.... 

1957.... 

1958.... 

1959... 

1960... 

1961... 

1962... 

1963... 

1964... 

1965... 

1966... 

1967... 

1968... 

1969... 

1970... 

1971... 

1972... 

1973... 

1974... 

1975... 

1976... 

1977... 

1978... 

1979... 

1980... 

1981... 

1982... 

1947... 

1948... 

1949... 

1950... 

1951... 

1952... 

1953... 

1954... 

1955... 

1956... 

1957... 

1958.. 

1959... 

1960... 

1961... 

1962... 

1963... 

1964... 

1965... 

1966... 

1967... 

1968... 

1969... 

1970.. 

1971... 

1972.. 

1973... 

1974.. 

1975.. 

1976.. 

1977... 

1978... 

1979.. 

1980... 

1981.. 

1982.. 

1947.. 

1948... 

1949 

1950 

1951 

1952 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982.. 

19.2 

28.2 

29.2 

28.3 

38.2 

37.2 

39.3 

32.6 

44.3 

44.3 

44.9 

34.4 

48.5 

52.0 

43.4 

55.9 

58.8 

68.8 

76.9 

86.6 

81.6 

85.9 

90.3 

71.1 

80.4 

93.2 

111.3 

100.6 

88.3 

142.4 

148.2 

167.9 

201.3 

187.3 

194.7 

162.0 

22.7 

30.0 

26.8 

31.9 

38.3 

34.8 

38.5 

33.7 

45.5 

44.1 

44.2 

35.1 

53.7 

47.7 

47.5 

55.2 

62.2 

68.8 

79.2 

85.2 

80.7 

89.7 

86.9 

73.2 

81.6 

93.3 

107.1 

98.4 

100.9 

136.8 

167.0 

193.7 

197.2 

168.3 

185.0 

166.8 

22.8 

29.1 

28.1 

36.3 

38.8 

34.4 

37.2 

35.4 

46.0 

42.8 

43.7 

39.2 

48.0 

46.7 

49.8 

56.6 

63.3 

69.9 

80.1 

83.6 

81.8 

90.0 

84.4 

72.9 

83.8 

96.7 

106.0 

90.8 

121.9 

137.5 

182.5 

199.5 

197.5 

170.6 

197.6 

168.5 

288. Net interest 

[Annual rate, bMons of dolars] 

2.4 

2.5 

2.6 

2.9 

3.3 

3.8 

4.2 

5.0 

5.7 

6.3 

7.4 

9.0 

10.2 

11.1 

12.2 

13.9 

15.8 

17.5 

20.2 

23.0 

26.4 

29.3 

32.7 

38.3 

45.3 

48.1 

57.2 

68.0 

82.4 

85.3 

96.1 

112.2 

142.5 

181.2 

223.7 

265.0 

2.4 

2.4 

2.7 

3.0 

3.5 

3.9 

4.3 

5.1 

5.9 

6.5 

7.8 

9.4 

10.3 

11.0 

12.7 

14.5 

16.1 

18.0 

20.9 

24.0 

27.2 

29.9 

34.2 

40.6 

46.2 

49.7 

59.2 

76.1 

84.7 

85.8 

100.6 

117.2 

148.1 

187.6 

242.6 

268.3 

2.3 

2.4 

2.7 

3.0 

3.7 

4.0 

4.4 

5.4 

6.0 

6.8 

8.2 

9.8 

10.3 

11.6 

13.2 

14.9 

16.6 

18.7 

21.5 

24.9 

27.9 

30.1 

35.7 

42.7 

47.0 

52.2 

61.0 

78.9 

85.5 

88.2 

105.0 

124.2 

158.1 

193.5 

268.0 

256.4 

42.2 

49.0 

42.1 

39.2 

57.3 

54.9 

51.3 

46.6 

61.3 

73.3 

77.1 

61.1 

75.4 

88.9 

72.9 

86.0 

88.8 

99.5 

119.3 

125.7 

123.1 

131.0 

149.9 

148.7 

158.3 

176.6 

221.6 

231.6 

199.7 

255.2 

275.7 

341.0 

423.1 

408.3 

461.8 

434.4 

290. Gross saving 

[Annual rate, bMons of dolars] 

39.6 

51.5 

34.2 

47.9 

60.8 

48.0 

52.3 

48.7 

66.9 

74.7 

76.6 

57.2 

84.2 

81.4 

76.5 

86.7 

94.9 

100.6 

121.6 

128.7 

120.1 

134.4 

151.7 

152.3 

160.3 

182.4 

231.5 

231.8 

208.1 

260.9 

305.3 

372.6 

432.2 

400.3 

475.8 

439.5 

39.7 

49.8 

35.2 

52.2 

56.2 

48.8 

51.5 

50.8 

69.9 

76.5 

76.8 

61.7 

75.3 

79.8 

81.4 

87.4 

94.2 

105.2 

120.4 

125.7 

125.9 

136.0 

158.5 

151.2 

162.4 

187.2 

238.6 

221.6 

228.8 

258.9 

329.8 

383.5 

431.4 

398.7 

507.6 

397.9 

24.3 

30.5 

24.8 

39.3 

39.6 

38.3 

30.3 

38.8 

46.8 

43.2 

40.0 

44.7 

48.3 

44.3 

53.6 

58.7 

64.3 

69.1 

83.6 

85.0 

85.4 

90.9 

78.6 

68.3 

87.0 

103.1 

108.9 

89.6 

130.9 

135.7 

171.4 

208.5 

183.1 

175.6 

192.0 

161.9 

2.3 

2.4 

2.7 

3.1 

3.7 

4.1 

4.8 

5.6 

6.0 

6.7 

8.2 

10.2 

10.6 

12.0 

13.9 

15.4 

17.1 

18.9 

21.7 

25.9 

28.8 

30.7 

36.6 

44.2 

47.5 

54.9 

63.3 

81.3 

85.2 

89.6 

108.4 

133.0 

166.4 

208.2 

265.3 

254.7 

44.7 

48.9 

30.9 

63.0 

53.5 

52.5 

44.2 

57.4 

72.2 

78.3 

69.6 

69.9 

78.3 

74.4 

84.1 

86.6 

96.5 

110.9 

119.5 

129.3 

133.6 

142.6 

154.2 

143.5 

165.5 

200.4 

250.4 

226.2 

238.9 

256.5 

325.5 

402.2 

404.4 

416.1 

490.1 

351.3 

22.3 

29.4 

27.1 

33.9 

38.7 

36.1 

36.3 

35.2 

45.5 

43.7 

43.3 

38.5 

49.6 

47.6 

48.6 

56.6 

62.1 

69.2 

80.0 

85.1 

82.4 

89.1 

85.1 

71.4 

83.2 

96.6 

108.3 

94.9 

110.5 

138.1 

167.3 

192.4 

194.8 

175.4 

192.3 

164.8 

Average 

2.3 

2.4 

2.7 

3.0 

3.5 

4.0 

4.4 

5.3 

5.9 

6.6 

7.9 

9.6 

10.3 

11.4 

13.0 

14.7 

16.4 

18.3 

21.0 

24.4 

27.6 

30.0 

34.8 

41.4 

46.5 

51.2 

60.2 

76.1 

84.5 

87.2 

102.5 

121.7 

153.8 

192.6 

249.9 

261.1 

Average 

41.7 

49.8 

35.6 

50.7 

56.9 

51.0 

49.8 

50.9 

67.5 

75.9 

75.2 

62.6 

78.3 

81.1 

78.7 

86.7 

93.6 

104.0 

120.2 

127.3 

125.7 

136.0 

153.6 

148.9 

161.6 

186.6 

235.5 

227.8 

218.9 

257.9 

309.1 

374.8 

422.7 

405.9 

483.8 

405.8 

Quarterly 

Mr

 I Q IIQ HI Q 

287. Corporate profits before tax with IVA and CCAdj as a percent of national 

[Percent] 

1947 10.1 11.8 11-7 

1948 13.3 13.7 13.0 

1949 13.4 12.6 13.2 

1950 12.9 13.9 14.8 

1951 14.4 14.1 14.0 

1952 13.2 12.3 11.9 

1953 13.0 12.6 12.2 

1954 11.0 11.3 11.8 

1955 13.9 13.9 13.8 

1956 12.9 12.7 12.2 

1957 12.4 12.1 11.8 

1958 9.6 9.8 10.6 

1959 12.4 13.2 12.0 

1960 12.5 11.5 11.2 

1961 10.5 11.2 11.5 

1962 12.3 12.0 12.2 

1963 12.3 12.8 12.9 

1964 13.4 13.2 13.2 

1965 13.9 14.0 13.9 

1966 14.1 13.7 13.2 

1967 12.6 12.3 12.3 

1968 12.3 12.5 12.3 

1969 11.9 11.2 10.7 

1970 8.9 9.1 8.9 

1971 9.5 9.4 9.6 

1972 10.0 9.9 10.0 

1973 10.6 10.0 '9.7 

1974 8.9 8.5 7.8 

1975 7.5 8.3 9.6 

1976 10.6 10.0 9.9 

1977 10.1 10.9 11.5 

1978 10.2 11.2 11.1 

1979 10.6 10.2 9.9 

1980 9.0 8.1 8.1 

1981 8.5 7.9 8.2 

1982 6.7 6_ 6.9 

289. Net interest as a percent of national income 

[Percent] 

1947 1.3 1.3 1.2 

1948 1.2 1.1 1.1 

1949 1.2 1.3 1.3 

1950 1.3 1.3 1.2 

1951 1.2 1.3 1.3 

1952 1.3 1.4 1.4 

1953 1.4 1.4 1.4 

1954 1.7 1.7 1.8 

1955 1.8 1.8 1.8 

1956 1.8 1.9 1.9 

1957 2.0 2.1 2.2 

1958 2.5 2.6 2.7 

1959 2.6 2.5 2.6 

1960 2.7 2.6 2.8 

1961 2.9 3.0 3.1 

1962 3.1 3.2 3.2 

1963 3.3 3.3 3.4 

1964 3.4 3.5 3.5 

1965 3.6 3.7 3.7 

1966 3.8 3.9 3.9 

1967 4.1 4.2 4.2 

1968 4.2 4.2 4.1 

1969 4.3 4.4 4.5 

1970 4.8 5.0 5.2 

1971 5.3 5.3 5.4 

1972 5.2 5.3 5.4 

1973 5.4 5.5 5.6 

1974 6.0 6.6 6.7 

1975 7.0 7.0 6.8 

1976 6.3 6.3 6.4 

1977 6.5 6.6 6.6 

1978 6.8 6.7 6.9 

1979 7.5 7.6 7.9 

1980 8.7 9.1 9.1 

1981 9.7 10.4 11.1 

1982 11.0 1L0 10.4 

292. Personal saving 

[Annual rate, bBorts of dolars] 

1947 8.3 2.3 5.9 

1948 6.7 10.5 14.1 

1949 9.3 6.9 7.3 

1950 16.4 11.8 5.4 

1951 9.1 18.8 18.2 

1952 16.9 15.6 19.7 

1953 16.8 19.1 18.8 

1954 19.0 15.9 16.0 

1955 14.5 15.5 17.3 

1956 19.1 21.0 21.9 

1957 21.7 23.2 23.0 

1958 22.4 21.8 24.4 

1959 22.0 23.5 18.7 

1960 21.4 19.1 20.0 

1961 21.0 21.8 24.6 

1962 24.9 24.4 23.3 

1963 21.2 21.6 20.9 

1964 25.5 30.4 29.1 

1965 29.7 32.0 37.8 

1966 33.7 34.7 35.9 

1967 43.5 42.0 44.7 

1968 44.4 46.5 37.5 

1969 35.0 36.8 45.7 

1970 46.2 57.8 59.8 

1971 61.6- 64.7 61.0 

1972 52.7 46.8 50.5 

1973 66.7 77.6 81.0 

1974 86.2 85.0 80.7 

1975 74.9 118.7 91.8 

1976 89.5 86.5 81.1 

1977 62.9 74.2 86.9 

1978 94.4 83.6 89.5 

1979 98.0 102.8 98.6 

1980 100.8 113.2 112.2 

1981 112.2 120.2 149.7 

1982 130.8 127.1 123.0 

IV Q Annual 

12.0 

13.5 

11.8 

15.3 

14.1 

12.9 

10.2 

12.6 

13.7 

12.1 

11.0 

11.7 

11.9 

10.7 

12.1 

12.5 

12.9 

12.9 

14.1 

13.2 

12.5 

12.2 

9.9 

8.4 

9.7 

10.2 

9.7 

7.6 

10.1 

9.6 

10.6 

11.2 

9.0 

8.0 

7.9 

6.5 

1.1 

1.1 

1.3 

1.2 

1.3 

1.4 

1.6 

1.8 

1.8 

1.9 

2.3 

2.7 

2.6 

2.9 

3.1 

3.3 

3.4 

3.5 

3.7 

4.0 

4.2 

4.1 

4.6 

5.4 

5.3 

5.5 

5.6 

6.9 

6.5 

6.3 

6.7 

7.2 

8.2 

9.5 

10.9 

10.3 

4.2 

13.2 

6.3 

13.6 

17.7 

16.8 

19.6 

16.8 

17.6 

23.0 

21.5 

25.6 

20.4 

18.2 

24.7 

20.5 

24.0 

33.3 

35.2 

39.6 

47.0 

39.5 

44.9 

59.4 

55.3 

60.5 

90.5 

88.7 

91.8 

72.9 

88.0 

90.0 

87.3 

114.6 

159.0 

120.8 

Average 

11.4 

13.4 

12.8 

14.2 

14.2 

12.6 

12.0 

11.7 

13.8 

12.5 

11.8 

10.4 

12.4 

11.5 

11.3 

12.2 

12.7 

13.2 

14.0 

13.6 

12.4 

12.3 

10.9 

8.8 

9.6 

10.0 

10.0 

8.2 

8.9 

10.0 

10.8 

10.9 

9.9 

8.3 

8.1 

6.7 

Average 

1.2 

1.1 

1.3 

1.2 

1.3 

1.4 

1.4 

1.8 

1.8 

1.9 

2.2 

2.6 

2.6 

2.8 

3.0 

3.2 

3.4 

3.5 

3.7 

3.9 

4.2 

4.2 

4.4 

5.1 

5.3 

5.4 

5.5 

6.6 

6.8 

6.3 

6.6 

6.9 

7.8 

9.1 

10.5 

10.7 

Average 

5.2 

11.1 

7.5 

11.9 

16.1 

17.4 

18.5 

17.0 

16.4 

21.3 

22.3 

23.6 

21.1 

19.7 

23.0 

23.3 

21.9 

29.6 

33.7 

36.0 

44.3 

41.9 

40.6 

55.8 

60.7 

52.6 

79.0 

85.1 

94.3 

82.5 

78.0 

89.4 

96.7 

110.2 

135.3 

125.4 

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Quarterly 

Year

 IQ IIQ III Q 

293. Personal saving rate 

[Percent] 

1947 5.0 1.4 3.4 

1948 3.8 5.6 7.3 

1949 5.0 3.7 3.9 

1950 8.1 5.9 2.6 

1951 4.1 8.3 8.0 

1952 7.3 6.7 8.2 

1953 6.7 7.6 7.4 

1954 7.4 6.2 6.2 

1955 5.4 5.7 6.2 

1956 6.7 7.2 7.4 

1957 7.1 7.5 7.4 

1958 7.2 6.9 7.6 

1959 6.6 6.9 5.5 

1960 6.2 5.4 5.7 

1961 5.9 6.0 6.7 

1962 6.6 6.3 6.0 

1963 5.3 5.4 5.1 

1964 6.0 6.9 6.5 

1965 6.5 6.8 7.8 

1966 6.7 6.8 6.9 

1967 8.1 7.7 8.1 

1968 7.7 7.9 6.3 

1969 5.7 5.8 7.0 

1970 6.9 8.3 8.5 

1971 8.4 8.6 8.1 

1972 6.7 5.9 6.2 

1973 7.6 8.6 8.8 

1974 8.9 8.6 8.0 

1975 7.2 10.7 8.3 

1976 7.7 7.3 6.7 

1977 5.0 5.7 6.5 

1978 6.7 5.8 6.0 

1979 6.2 6.3 5.9 

1980 5.7 6.3 6.1 

1981 5.7 6.0 7.2 

1982 (U 5J 5JJ 

298. Government surplus or deficit 

[Annual rate, billions of doflars] 

1947 16.1 14.9 10.7 

1948 14.1 10.7 5.8 

1949 .5 -3.9 -4.9 

1950 -6.0 6.1 15.8 

1951 18.3 7.8 .3 

1952 -.1 -4.4 -7.1 

1953 -5.0 -5.2 -5.6 

1954 -11.2 -7.7 -6.6 

1955 .2 3.4 3.8 

1956 5.6 4.9 4.5 

1957 3.9 1.5 1.4 

1958 -10.0 -14.3 -15.0 

1959 -4.7 0 -1.1 

1960 7.9 4.3 1.4 

1961 -5.1 -5.2 -3.9 

1962 -5.5 -3.6 -2.7 

1963 -1.8 2.5 1.8 

1964 -2.1 -6.1 -1.1 

1965 5.6 4.4 -3.8 

1966 1.0 2.2 -2.1 

1967 -14.1 -15.5 -14.3 

1968 -9.6 -12.0 -2.6 

1969 11.4 11.9 8.5 

1970 2.2 -10.0 -13.9 

1971 -18.0 -21.3 -20.5 

1972 -7.1 -3.3 -.7 

1973 8.1 7.4 8.9 

1974 4.7 -2.8 -2.7 

1975 -43.8 -93.3 -58.8 

1976 -46.1 -34.4 -34.2 

1977 -13.9 -15.8 -20.1 

1978 -16.8 7.4 2.4 

1979 22.2 20.1 12.9 

1980 -7.5 -38.1 -43.3 

1981 -8.1 -10.6 -25.2 

1982 -79_7 -8L2 -127J) 

310c. Change in the implicit price deflator for gross national product 

[Annual rate, percent] 

1947 4.5 7.1 

1948 6.9 4.6 7.2 

1949 -3.8 -3.5 -.7 

1950 -.9 3.4 12.4 

1951 13.0 1.6 -.1 

1952 0 -.1 2.4 

1953 1.2 .3 1.4 

1954 4.5 1.4 -.9 

1955 3.4 2.6 2.6 

1956 3.4 3.4 4.6 

1957 4.6 1.5 4.0 

1958 1.6 1.0 2.3 

1959 3.5 3.1 1.5 

1960 2.6 .7 1.8 

1961 -.4 2.0 1.8 

1962 3.4 1.5 .8 

1963 1.8 .3 1.1 

1964 1.1 1.2 2.2 

1965 3.4 2.0 2.4 

1966 4.1 4.7 2.1 

1967 2.6 1.5 3.9 

1968 5.1 5.0 3.4 

1969 4.7 5.4 6.6 

1970 5.8 5.4 3.2 

1971 6.0 5.6 3.5 

1972 5.6 2.9 3.4 

1973 5.7 7.2 7.0 

1974 7.5 10.3 10.8 

1975 10.7 5.2 7.4 

1976 3.6 3.7 4.9 

1977 5.5 6.6 5.9 

1978 5.3 10.8 8.7 

1979 8.5 8.5 8.3 

1980 9.6 10.9 8.9 

1981 10.6 5.9 9.4 

1982 4.3 5.6 3.7 

IV Q 

Annual Year 

Quarterly 

IQ IIQ III Q IV Q 

Annual 

Average 

295. Business saving 

[Annual rate, blons of dolars] Average 

2.4 

6.8 

3.4 

6.3 

7.7 

6.8 

7.7 

6.4 

6.2 

7.6 

6.9 

7.8 

5.9 

5.1 

6.6 

5.2 

5.8 

7.4 

7.1 

7.5 

8.4 

6.5 

6.8 

8.3 

7.2 

7.1 

9.5 

8.6 

8.1 

5.9 

6.4 

5.8 

5.1 

6.0 

7.5 

5.4 

16.0 

3.4 

-5.2 

16.4 

-2.0 

-3.3 

-11.9 

-3.2 

5.6 

5.5 

-3.4 

-11.7 

-.6 

-1.2 

-2.9 

-3.3 

.4 

.2 

-4.0 

-6.3 

-13.0 

.3 

8.0 

-20.6 

-18.0 

-2.3 

7.0 

-18.2 

-59.3 

-31.3 

-21.5 

10.3 

2.1 

-33.9 

-63.7 

-175.3 

13.4 

-1.9 

0 

6.5 

4.2 

4.7 

-1.8 

2.1 

2.4 

3.5 

.5 

1.9 

1.2 

.5 

.7 

2.6 

2.9 

1.0 

2.2 

4.0 

4.4 

5.7 

5.3 

5.5 

3.7 

5.2 

8.6 

7.5 

6.5 

6.4 

9.1 

7.3 

11.3 

9.0 

3.8 

3.1 

5.9 

4.0 

5.8 

7.1 

7.3 

7.3 

6.6 

6.0 

7.3 

7.2 

7.4 

6.2 

5.6 

6.3 

6.0 

5.4 

6.7 

7.1 

7.0 

8.1 

7.1 

6.4 

8.0 

8.1 

6.5 

8.6 

8.5 

8.6 

6.9 

5.9 

6.1 

5.9 

6.0 

6.6 

5.8 

Average 

14.4 

8.4 

-3.4 

8.0 

6.1 

-3.8 

-6.9 

-7.1 

3.1 

5.2 

.9 

-12.6 

-1.6 

3.1 

-4.3 

-3.8 

.7 

-2.3 

.5 

-1.3 

-14.2 

-6.0 

9.9 

-10.6 

-19.4 

-3.3 

7.8 

-4.7 

-63.8 

-36.5 

-17.8 

.8 

14.3 

-30.7 

-26.9 

-115.8 

Percent change* 

12.9 

6.9 

-.9 

2.1 

6.6 

1.4 

1.6 

1.2 

2.2 

3.2 

3.4 

1.7 

2.4 

1.6 

.9 

1.8 

1.5 

1.5 

2.2 

3.2 

3.0 

4.4 

5.1 

5.4 

5.0 

4.2 

5.8 

9.3 

5.2 

5.8 

7.4 

8.6 

9.2 

9.4 

6.0 

1947... 

1948... 

1949 

1950 

1951 

1952 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

1947.. 

1948.. 

1949 

1950 

1951 

1952 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1947.. 

1948.. 

1949 

1950 

1951 

1952 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

17.9 

28.1 

32.2 

28.8 

29.7 

38.0 

39.5 

38.8 

46.7 

48.6 

51.5 

48.7 

58.0 

59.6 

57.0 

66.6 

69.4 

76.2 

84.1 

91.0 

93.6 

96.2 

103.4 

99.5 

113.9 

131.1 

146.8 

148.7 

168.7 

211.9 

226.7 

263.5 

301.6 

314.0 

356.6 

383.3 

22.4 

30.1 

31.6 

30.0 

34.4 

36.7 

38.3 

40.6 

47.9 

48.8 

51.9 

49.6 

60.6 

58.0 

59.8 

65.9 

70.8 

76.2 

85.2 

91.8 

93.5 

99.9 

103.0 

103.7 

116.0 

138.4 

146.6 

149.6 

182.8 

208.8 

246.9 

281.6 

308.0 

324.1 

365.1 

393.6 

23.1 

30.0 

32.8 

31.0 

37.7 

36.6 

38.4 

41.4 

48.8 

50.1 

52.4 

52.2 

57.7 

58.3 

60.7 

66.8 

71.5 

77.2 

86.4 

91.9 

95.5 

101.1 

104.4 

104.3 

120.8 

136.9 

148.7 

143.6 

195.8 

212.0 

263.1 

291.5 

318.7 

328.0 

381.9 

401.9 

310. ImpicK price deflator for gross national product 

[Index: 1972=100] 

48.3 

52.1 

52.9 

52.2 

56.8 

57,6 

58.8 

59.4 

60.3 

61.9 

64.4 

65.6 

67.0 

68.4 

68.9 

70.2 

71.4 

72.4 

73.8 

75.7 

78.2 

81.2 

85.0 

89.9 

94.4 

98.7 

103.0 

110.7 

122.9 

130.1 

136.8 

145.1 

158.6 

171.9 

189.8 

203.4 

52.7 

52.4 

52.6 

57.0 

57.6 

58.8 

59.6 

60.6 

62.4 

64.6 

65.8 

67.6 

68.6 

69.2 

70.5 

71.5 

72.6 

74.1 

76.6 

78.5 

82.1 

86.1 

91.1 

95.7 

99.4 

104.8 

113.5 

124.4 

131.3 

139.0 

148.9 

161.9 

176.5 

192.6 

206.2 

49.7 

53.6 

52.3 

54.2 

57.0 

57.9 

59.0 

59.4 

61.0 

63.1 

65.3 

66.2 

67.8 

68.9 

69.5 

70.6 

71.7 

73.0 

74.6 

77.0 

79.3 

82.8 

87.5 

91.8 

96.5 

100.2 

106.5 

116.4 

126.7 

132.9 

141.0 

152.0 

165.1 

180.2 

196.9 

208.0 

24.5 

32.3 

29.8 

32.9 

37.8 

39.1 

36.5 

43.9 

49.0 

49.9 

51.5 

55.9 

58.5 

57.4 

62.2 

69.4 

72.2 

77.3 

88.3 

95.9 

99.7 

102.8 

101.4 

103.8 

126.5 

141.5 

152.8 

155.7 

206.4 

214.9 

258.9 

302.0 

313.9 

334.7 

393.8 

405.8 

51.3 

53.4 

52.3 

55.1 

57.6 

58.6 

58.7 

59.8 

61.4 

63.7 

65.4 

66.5 

68.0 

69.0 

69.6 

71.1 

72.2 

73.2 

75.0 

77.8 

80.1 

84.0 

88.6 

93.0 

97.4 

101.5 

108.7 

119.8 

129.0 

135.0 

143.2 

155.4 

168.1 

185.1 

201.2 

210.0 

311. Fixed-weighted price index, gross domestic business product 

[Index: 1972=100] 

51.9 

56.1 

57.0 

55.9 

61.3 

62.0 

63.0 

63.6 

64.2 

65.8 

68.5 

69.7 

73.2 

74.1 

75.0 

75.5 

76.2 

76.6 

77.6 

79.0 

81.2 

83.7 

87.2 

91.4 

95.3 

98.9 

102.8 

111.6 

123.8 

131.4 

138.7 

147.6 

162.5 

179.0 

197.0 

211.4 

52.5 

56.7 

56.5 

56.4 

61.6 

62.0 

63.0 

63.8 

64.4 

66.4 

68.8 

69.8 

73.5 

74.5 

75.1 

75.7 

76.2 

76.8 

77.9 

79.7 

81.5 

84.6 

88.4 

92.4 

96.5 

99.5 

104.7 

114.2 

125.5 

132.7 

141.0 

151.6 

166.7 

183.2 

200.9 

213.8 

53.6 

57.8 

56.3 

58.0 

61.4 

62.4 

63.2 

63.5 

64.9 

67.2 

69.4 

70.1 

73.8 

74.7 

75.2 

75.8 

76.3 

77.0 

78.2 

80.3 

82.3 

85.2 

89.5 

93.0 

97.3 

100.3 

106.7 

117.8 

128.0 

134.5 

142.8 

155.0 

170.6 

187.5 

205.3 

216.8 

55.1 

57.4 

56.2 

59.2 

62.0 

63.0 

62.9 

63.9 

65.3 

67.7 

69.4 

70.3 

74.0 

74.9 

75.2 

76.0 

76.6 

77.2 

78.3 

80.8 

82.9 

86.2 

90.5 

94.3 

98.0 

101.3 

108.7 

121.4 

130.1 

136.5 

145.5 

159.0 

174.3 

192.1 

208.9 

218.8 

22.0 

30.1 

31.6 

30.7 

34.9 

37.6 

38.2 

41.2 

48.1 

49.4 

51.8 

51.6 

58.7 

58.3 

59.9 

67.2 

71.0 

76.7 

86.0 

92.6 

95.6 

100.0 

103.0 

102.8 

119.3 

137.0 

148.7 

149.4 

188.4 

211.9 

248.9 

284.6 

310.6 

325.2 

374.4 

396.2 

Average 

49.6 

53.0 

52.5 

53.6 

57.1 

57.9 

58.8 

59.6 

60.8 

62.8 

64.9 

66.0 

67.6 

68.7 

69.3 

70.6 

71.7 

72.8 

74.4 

76.8 

79.1 

82.5 

86.8 

91.4 

96.0 

100.0 

105.8 

115.1 

125.8 

132.3 

140.1 

150.4 

163.4 

178.4 

195.1 

206.9 

Average 

53.3 

57.0 

56.5 

57.4 

61.6 

62.4 

63.0 

63.7 

64.7 

66.8 

69.0 

70.0 

73.6 

74.5 

75.1 

75.7 

76.3 

76.9 

78.0 

79.9 

82.0 

84.9 

88.9 

92.8 

96.8 

100.0 

105.7 

116.2 

126.8 

133.8 

142.1 

153.5 

168.7 

185.5 

203.0 

215.2 

See footnotes at end of this part. 157 

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
1947... 

1948... 

1949... 

1950.. 

1951.. 

1952... 

1953... 

1954... 

1955... 

1956.. 

1957... 

1958 

1959.. 

I960.. 

1961... 

1962... 

1963.. 

1964... 

1965.. 

1966.. 

1967... 

1968.. 

1969.. 

1970.. 

1971.. 

1972.. 

1973.. 

1974.. 

1975... 

1976... 

1977... 

1978.. 

1979... 

1980.. 

1981... 

1982... 

1947.. 

1948.. 

1949.. 

1950... 

1951... 

1952... 

1953... 

1954... 

1955... 

1956... 

1957... 

1958... 

1959... 

1960... 

1961... 

1962... 

1963... 

1964... 

1965.. 

1%6 

1967... 

1968.. 

1969.. 

1970.. 

1971.. 

1972.. 

1973.. 

1974.. 

1975... 

1976.. 

1977.. 

1978... 

1979... 

1980... 

1981... 

1982... 

311c. Chance in fixed-we 

7.3 

-3.0 

-2.0 

15.1 

-.1 

.1 

4.9 

2.2 

3.1 

4.6 

13 

3.4 

.5 

.6 

1.6 

.8 

.4 

1.8 

3.3 

1.7 

3.8 

4.7 

4.1 

4.6 

3.7 

5.8 

11.2 

8.0 

3.8 

6.5 

5.9 

9.1 

11.0 

10.6 

4.9 

345c. Chance in index of 

10.3 

1.5 

10.9 

10.1 

5.2 

4.5 

3.3 

3.8 

7.4 

6.6 

2.5 

4.4 

8.2 

4.1 

6.5 

4.1 

5.5 

1.6 

6.7 

5.6 

11.9 

5.7 

6.1 

7.5 

10.8 

10.7 

8.6 

10.8 

8.5 

7.2 

10.7 

10.2 

11.7 

11.5 

10.0 

ichted price index, cross domestic business product 

[Annual rate, percent] 

4.2 

4.6 

-3.4 

3.5 

2.1 

0 

-.2 

1.1 

1.4 

3.3 

1.5 

.9 

1.6 

1.9 

.3 

.8 

.1 

.7 

1.8 

3.5 

1.7 

4.4 

5.3 

4.5 

5.0 

2.5 

7.5 

9.9 

5.6 

4.2 

6.8 

11.4 

10.8 

9.7 

8.1 

4.5 

averace hourly compensation 

[Amual rate, percent] 

8.7 

6.7 

.5 

6.3 

8.5 

4.6 

6.0 

2.1 

4.1 

7.5 

4.7 

3.5 

3.5 

3.0 

4.3 

2.6 

1.2 

3.5 

3.3 

7.5 

5.3 

6.8 

6.5 

7.4 

6.9 

5.7 

5.8 

11.9 

7.4 

8.4 

7.3 

6.6 

7.5 

11.8 

7.1 

5.7 

8.9 

7.6 

-1.5 

11.6 

-1.2 

2.5 

1.8 

-1.5 

2.7 

5.0 

4.0 

14 

1.6 

1.2 

.7 

.8 

.7 

1.3 

1.4 

2.9 

3.6 

3.1 

5.1 

2.5 

3.3 

3.1 

7.9 

13.0 

8.2 

5.4 

5.2 

9.3 

9.8 

9.9 

9.2 

5.8 

over 1-quarter spans 

9^5 

9.5 

1.0 

7.7 

6.7 

4.0 

4.3 

3.0 

5.2 

6.2 

4.9 

5.0 

3.0 

2.2 

2.1 

2.2 

4.0 

6.2 

4.8 

5.9 

5.1 

6.0 

6.6 

9.0 

6.8 

5.6 

7.8 

11.2 

6.6 

8.3 

7.6 

8.5 

9.6 

9.7 

9.8 

7.1 

11.9 

-2.6 

-.6 

8.5 

4.2 

3.6 

-2.4 

2.1 

2.7 

3.4 

.1 

1.2 

1.2 

1.1 

1 

1.1 

1.3 

1.0 

.9 

3.0 

3.1 

4.9 

4.8 

5.6 

2.9 

4.4 

7.6 

12.9 

7.0 

6.3 

7.9 

10.7 

8.8 

10.1 

7.2 

3.8 

~8l 

4.6 

.4 

10.9 

5.3 

9.4 

3.2 

3.2 

4.3 

6.1 

4.3 

4.0 

3.7 

3.1 

3.7 

4.4 

5.4 

2.5 

5.2 

4.5 

5.2 

8.2 

7.1 

4.9 

2.2 

7.3 

7.5 

11.6 

8.0 

7.4 

8.1 

9.4 

9.0 

9.9 

7.7 

5.8 

346. Index of real average hourly compensation, al employees, nonfarm business sector 

1947... 

1948... 

1949... 

1950... 

1951... 

1952... 

1953... 

1954... 

1955... 

1956... 

1957... 

1958... 

1959... 

1960... 

1961... 

1962... 

1963... 

1964... 

1965... 

1966... 

1967... 

1968.. 

1969... 

1970... 

1971... 

1972... 

1973... 

1974... 

1975... 

1976... 

1977... 

1978... 

1979... 

1980... 

1981... 

1982... 

50.0 

50.2 

52.2 

54.7 

54.6 

56.5 

59.2 

60.9 

63.1 

66.2 

68.3 

68.7 

70.9 

73.2 

74.3 

76.7 

78.3 

80.2 

82.0 

84.0 

86.4 

89.0 

90.6 

90.9 

92.9 

95.7 

98.7 

96.4 

96.7 

97.8 

99.6 

101.4 

100.4 

96.2 

95.8 

96.7 

[1977 = 100] 

50.3 

50.2 

52.4 

55.1 

55.2 

57.0 

59.8 

61.3 

63.8 

67.0 

68.5 

68.8 

71.4 

73.3 

75.1 

76.9 

78.4 

80.8 

82.2 

84.8 

87.1 

89.7 

90.7 

91.3 

93.6 

96.4 

98.0 

96.7 

97.2 

98.9 

99.6 

100.8 

99.2 

95.7 

95.5 

96.8 

50.4 

50.5 

52.9 

55.1 

56.1 

57.2 

60.2 

61.9 

64.6 

67.3 

68.7 

69.7 

71.6 

73.6 

75.2 

77.1 

78.7 

81.8 

82.9 

85.3 

87.2 

89.8 

90.8 

92.2 

94.2 

96.9 

97.9 

96.4 

96.8 

99.4 

100.1 

100.5 

98.2 

96.2 

95.1 

96.7 

50.0 

51.6 

53.1 

55.4 

56.0 

58.4 

60.5 

62.6 

65.1 

67.8 

69.1 

70.3 

71.8 

73.7 

75.8 

77.8 

79.5 

81.9 

83.5 

85.5 

87.5 

90.5 

91.1 

92.1 

94.1 

97.6 

97.3 

96.2 

96.9 

99.7 

100.6 

100.4 

97.1 

95.6 

95.2 

97.6 

Percent chance* 

11.8 

6.9 

-.9 

1.6 

7.3 

1.3 

1.0 

1.1 

1.6 

3.2 

3.4 

1.4 

2.0 

1.2 

.8 

.8 

.7 

.8 

1.4 

2.5 

2.6 

3.6 

4.7 

4.4 

4.3 

3.3 

5.7 

9.9 

9.2 

5.5 

6.2 

8.0 

9.9 

9.9 

9.5 

6.0 

Percent chance* 

8.5 

3.0 

5.8 

8.7 

5.5 

5.5 

3.2 

3.7 

6.1 

5.8 

3.8 

4.0 

4.3 

3.3 

3.9 

3.3 

4.5 

3.4 

5.9 

5.4 

7.5 

6.6 

6.9 

6.6 

6.6 

7.6 

9.3 

9.6 

8.0 

7.5 

8.5 

9.0 

10.3 

9.7 

7.9 

Averace 

50.2 

50.6 

52.6 

55.1 

55.5 

57.3 

60.0 

61.7 

64.2 

67.1 

68.6 

69.3 

71.5 

73.4 

75.0 

77.1 

78.7 

81.2 

82.5 

84.9 

87.0 

89.8 

90.8 

91.6 

93.7 

96.7 

97.9 

96.5 

96.9 

99.0 

100.0 

100.8 

98.7 

95.9 

95.4 

96.9 

1947... 

1948... 

1949... 

1950... 

1951... 

1952... 

1953.... 

1954... 

1955... 

1956... 

1957... 

1958... 

1959... 

1960... 

1961... 

1962... 

1963... 

1964... 

1965... 

1966... 

1967... 

1968... 

1969... 

1970... 

1971... 

1972... 

1973... 

1974... 

1975... 

1976... 

1977... 

1978... 

1979... 

1980... 

1981... 

1982... 

1947... 

1948... 

1949 

1950 

1951 

1952 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966. 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

1947.. 

1948.. 

1949 

1950 

1951 

1952 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

345. Index of averace hourly compensation, al employees, nonfarm business sector 

17.9 

19.6 

20.6 

21.3 

23.1 

24.6 

26.0 

27.1 

27.9 

29.4 

31.3 

32.6 

33.9 

35.5 

36.6 

38.1 

39.4 

41.0 

42.4 

44.5 

47.1 

50.3 

53.6 

57.1 

61.2 

65.3 

« i 70.1 

' 75.3 

83.9 

90.2 

97.3 

105.5 

114.7 

125.5 

139.0 

151.0 

[1977=100] 

18.3 

19.9 

20.7 

21.6 

23.6 

24.9 

26.4 

27.2 

28.2 

29.9 

31.7 

32.9 

34.2 

35.8 

37.0 

38.4 

39.5 

41.3 

42.7 

45.3 

47.7 

51.1 

54.5 

58.2 

62.3 

66.2 

71.1 

77.4 

85.4 

92.1 

99.0 

107.2 

116.8 

129.1 

141.4 

153.1 

345c. Chance in index of averace hourly compensation 

8.8 

1.9 

6.2 

9.0 

4.8 

6.0 

2.9 

4.1 

6.4 

5.5 

3.8 

3.7 

4.2 

3.4 

3.7 

3.4 

5.1 

3.0 

6.3 

5.1 

7.5 

6.7 

7.4 

6.5 

6.0 

7.9 

9.8 

9.1 

8.3 

7.4 

8.5 

9.2 

10.5 

9.6 

7.6 

[Annual rate, percent] 

7.8 

.8 

8.9 

7.6 

5.8 

4.5 

2.9 

4.3 

6.8 

5.1 

3.7 

3.7 

4.1 

3.5 

3.9 

3.7 

4.4 

3.7 

6.1 

5.3 

8.2 

6.5 

6.8 

5.8 

7.3 

8.0 

10.8 

8.2 

8.2 

7.6 

8.8 

9.1 

10.8 

9.0 

7.1 

18.7 

20.3 

20.7 

22.0 

24.0 

25.2 

26 7 

27.4 

28.5 

30.4 

32.0 

33.3 

34.5 

36.0 

37.2 

38.6 

39.9 

41.9 

43.2 

45.9 

48.3 

51.9 

55.3 

59.4 

63.3 

67.1 

72.4 

79.5 

86.7 

93.9 

100.9 

109.4 

119.5 

132.1 

144.7 

155.7 

over 4-quarter spans 

9.3 

5.5 

3.1 

8.7 

6.4 

5.6 

4.2 

3.0 

5.3 

6.6 

4.1 

4.2 

4.6 

3.1 

4.1 

3.3 

4.0 

3.4 

5.0 

5.9 

6.8 

6.7 

6.6 

7.2 

6.6 

7.3 

7.4 

11.4 

7.6 

7.8 

8.4 

8.7 

9.4 

10.7 

8.7 

6.3 

19.1 

20.6 

20.7 

22.6 

24.3 

25.7 

269 

27.6 

28.8 

30.8 

32.4 

33 6 

34.8 

36.2 

37.5 

39.0 

40.4 

42.2 

43.7 

46.4 

48.9 

52.9 

56.3 

60.2 

63.6 

68.3 

73.7 

81.7 

88.4 

95.6 

102.8 

111.9 

122.1 

135.2 

147.4 

157.9 

1 

8.8 

4.0 

4.5 

9.3 

5.5 

5.9 

3.2 

3.5 

6.1 

5.9 

3.8 

4.2 

4.4 

3.4 

3.7 

3.0 

4.6 

3.4 

6.0 

5.3 

7.2 

6.6 

6.8 

7.1 

6.3 

7.3 

9.0 

10.2 

7.9 

7.6 

8.3 

8.9 

10.5 

9.5 

8.3 

6.0 

346c. Chance in index of real averace hourly compensation over 1-quarter spans 

1.5 

5.4 

12.2 

-6.2 

3.6 

5.7 

2.4 

3.2 

7.3 

3.2 

-2.3 

3.7 

7.7 

3.2 

4.9 

2.8 

3.7 

.4 

2.7 

4.2 

7.1 

.7 

-.6 

3.8 

6.9 

4.2 

-3.5 

2.2 

3.7 

-.4 

3.4 

-.2 

-3.9 

.9 

6.8 

[Annual rate, percent] 

2.7 

.2 

1.0 

3.1 

4.4 

3.4 

4.3 

2.7 

4.7 

4.8 

1.1 

.7 

2.8 

.5 

4.4 

1.1 

.4 

2.9 

.6 

3.7 

3.0 

2.8 

.2 

1.5 

2.9 

3.2 

-2.5 

1.0 

2.2 

4.8 

0 

-2.5 

-4.7 

-1.9 

-1.2 

.4 

0.4 

2.4 

4.3 

.2 

6.9 

1.2 

2.4 

4.0 

4.9 

1.9 

1.3 

5.2 

.9 

2.0 

.6 

1.1 

1.5 

5.3 

3.5 

2.3 

.8 

.7 

.5 

4.3 

2.5 

2.0 

-.5 

-.9 

-1.6 

1.8 

1.9 

-1.0 

-3.7 

1.8 

-1.9 

-.7 

-2.9 

8.5 

1.4 

2.4 

-.7 

8.9 

2.4 

4.5 

3.0 

2.5 

2.3 

3.6 

1.3 

.5 

3.1 

3.3 

4.2 

.6 

3.0 

1.2 

1.3 

3.0 

1.1 

-.6 

-.4 

2.9 

-2.5 

-1.2 

.3 

1.4 

2.0 

-.4 

-4.4 

-2.3 

.4 

3.7 

Averace 

18.5 

20.1 

20.7 

21.9 

23.8 

25.1 

265 

27.4 

28.4 

30.1 

31.9 

331 

34.4 

35.9 

37.0 

38.5 

39.8 

41.6 

43.0 

45.5 

48.0 

51.5 

54.9 

58.7 

62.6 

66.7 

71.8 

78.5 

86.1 

93.0 

100.0 

108.5 

118.3 

130.4 

143.1 

154.4 

Averace 

6.5 

2.6 

8.3 

7.1 

5.5 

4.5 

3.1 

5.0 

6.4 

4.6 

4.0 

4.1 

3.7 

3.7 

3.5 

3.9 

4.1 

4.4 

5.9 

6.1 

7.2 

6.6 

7.1 

6.3 

7.0 

8.1 

10.6 

8.2 

8.0 

7.9 

8.7 

9.6 

10.4 

8.9 

6.8 

Percent chance* 

0.8 

4.0 

4.8 

.7 

3.3 

4.8 

2.8 

4.0 

4.6 

2.3 

1.0 

3.1 

2.7 

2.2 

2.7 

2.1 

3.2 

1.7 

2.9 

2.5 

3.1 

1.1 

.9 

2.3 

3.2 

1.3 

-1.5 

.5 

2.2 

1.0 

.8 

-2.1 

-2.8 

-.6 

1.6 

158 

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
1947.. 

1948.. 

1949.. 

1950.. 

1951.. 

1952.. 

1953... 

1954.. 

1955... 

1956.. 

1957... 

1958.. 

1959.. 

I960.. 

1961.. 

1962.. 

1963.. 

1964.. 

1965.. 

1966.. 

1967.. 

1968.. 

1969.. 

1970.. 

1971.. 

1972.. 

1973.. 

1974.. 

1975.. 

1976.. 

1977.. 

1978.. 

1979.. 

1980.. 

1981... 

1982... 

346c. Change in index of real average hourly compensation over 4-quarter spans7 

[Annual rate, percent] 

1947.. 

1948.. 

1949.. 

1950.. 

1951.. 

1952.. 

1953.. 

1954.. 

1955.. 

1956.. 

1957.. 

1958.. 

1959.. 

I960.. 

1961.. 

1962.. 

1963.. 

1964.. 

1965.. 

1966.. 

1967.. 

1968.. 

1969... 

1970... 

1971... 

1972... 

1973... 

1974... 

1975... 

1976... 

1977... 

1978... 

1979... 

1980... 

1981... 

1982... 

0.3 

4.8 

4.1 

1.8 

1.9 

5.3 

2.9 

4.3 

4.3 

2.0 

1.4 

2.7 

2.8 

2.1 

2.5 

2.0 

4.0 

1.3 

2.9 

2.3 

3.0 

1.1 

1.6 

2.1 

2.9 

1.0 

-1.5 

.4 

2.6 

.7 

.5 

-2.3 

-2.1 

-1.2 

1.7 

3.1 

3.0 

4.4 

1.0 

4.3 

3.7 

3.4 

4.0 

4.1 

2.0 

1.8 

2.2 

2.6 

2.8 

2.6 

2.2 

3.1 

1.9 

2.5 

2.3 

3.4 

.6 

1.1 

2.2 

3.8 

-.4 

-1.2 

.8 

2.9 

.9 

-.1 

-3.3 

-1.6 

-.5 

2.5 

0.4 

4.1 

4.7 

-.2 

3.5 

4.8 

2.9 

3.6 

5.0 

3.1 

.6 

3.3 

3.2 

1.5 

3.2 

2.1 

2.4 

2.2 

2.5 

2.8 

3.0 

1.8 

.3 

2.2 

2.9 

3.1 

-2.3 

.3 

1.1 

1.9 

1.8 

-1.0 

-4.2 

-.4 

1.0 

2.6 

-0.2 

4.3 

5.2 

.1 

3.3 

5.0 

2.5 

4.1 

5.0 

2.2 

.5 

3.8 

2.6 

2.5 

2.4 

1.9 

3.1 

1.7 

3.2 

2.7 

3.0 

1.1 

.7 

2.6 

3.0 

1.6 

-1.4 

.6 

1.8 

.7 

1.2 

-1.6 

-3.4 

-.2 

1.4 

2.5 

Average 

1955.. 

1956.. 

1957.. 

1958.. 

1959.. 

1960... 

1961... 

1962... 

1963... 

1964... 

1965... 

1966... 

1967.. 

1968... 

1969... 

1970... 

1971... 

1972... 

1973... 

1974... 

1975... 

1976... 

1977... 

1978... 

1979... 

1980... 

1981... 

1982... 

6.1 

6.7 

8.0 

8.5 

8.2 

5.6 

6.2 

7.7 

8.0 

7.5 

8.2 

5.3 

6.7 

7.2 

1.2 

6.8 

10.3 

10.9 

8.2 

7.3 

6.7 

7.7 

7.3 

7.2 

6.0 

6.0 

7.8 

7.4 

10.8 

2.1 

6.5 

7.8 

11.6 

8.7 

7.3 

6.3 

8.0 

8.7 

7.4 

6.2 

5.9 

6.1 

7.2 

8.1 

4.7 

6.4 

9.0 

7.5 

10.6 

6.6 

5.6 

8.7 

8.7 

5.2 

6.3 

5.2 

6.0 

6.1 

5.8 

4.8 

370. index of output per hour, al persons, business sector 

[1977=100] 

43.6 

45.0 

46.3 

49.3 

50.8 

52.6 

54.6 

55.0 

57.9 

58.6 

60.1 

61.1 

64.3 

65.9 

65.5 

69.1 

71.4 

74.9 

77.3 

80.5 

81.3 

84.4 

85.3 

84.9 

88.7 

91.0 

95.6 

92.8 

92.1 

97.2 

99.4 

100.5 

100.2 

99.3 

100.5 

101.1 

43.8 

46.4 

46.1 

50.1 

51.1 

53.5 

55.3 

55.5 

58.6 

58.7 

60.3 

61.7 

64.4 

65.1 

67.4 

69.2 

72.2 

75.2 

77.6 

80.3 

82.5 

85.0 

85.5 

85.8 

88.6 

92.1 

94.8 

92.8 

94.6 

97.6 

99.6 

100.8 

99.6 

98.5 

101.1 

100.7 

43.6 

45.9 

47.2 

50.9 

52.6 

53.8 

55.5 

56.5 

58.5 

58.7 

60.3 

62.6 

63.9 

64.8 

67.8 

70.3 

73.1 

76.1 

78.7 

80.8 

82.8 

85.8 

85.4 

87.3 

89.9 

92.6 

94.3 

92.2 

96.0 

97.9 

100.9 

100.6 

99.0 

98.9 

102.3 

101.1 

43.8 

46.7 

47.3 

51.3 

52.7 

53.9 

55.5 

57.3 

58.3 

59.7 

60.8 

63.7 

64.4 

64.9 

68.9 

71.2 

73.5 

76.4 

79.6 

81.2 

83.6 

85.8 

85.3 

86.8 

90.0 

94.0 

94.5 

92.1 

95.7 

98.0 

100.5 

100.7 

98.9 

99.1 

101.2 

101.9 

3.0 

4.4 

2.1 

2.4 

4.0 

3.6 

3.5 

4.6 

3.4 

1.3 

2.6 

2.7 

2.4 

2.6 

2.3 

2.4 

2.8 

2.2 

2.7 

2.6 

2.3 

.7 

1.9 

2.6 

2.8 

1.0 

2.0 

1.2 

-.5 

-3.3 

-1.1 

.2 

2.3 

349. Negotiated wage and benefit decisions, average changes over Me of contract <S> 

[Annual rate, percent] 

1947 

1948 

1949 

1950 

1951 

1952 

1953 

1954 

6.4 

8.4 

9.5 

9.0 

7.4 

6.0 

7.6 

8.1 

7.0 

6.5 

6.3 

6.3 

6.8 

8.0 

3.2 

Average 

43.7 

46.0 

46.7 

50.4 

51.8 

53.5 

55.2 

56.1 

58.3 

58.9 

60.4 

62.3 

64.2 

65.2 

67.3 

69.9 

72.5 

75.6 

78.3 

80.7 

82.5 

85.3 

85.5 

86.2 

89.2 

92.4 

94.7 

92.5 

94.5 

97.6 

100.0 

100.6 

99.4 

98.9 

101.3 

101.2 

1947... 

1948... 

1949 

1950 

1951 

1952 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

348. Negotiated wage and benefit decisions, average first-year changes ® 

[Annual rate, percent] 

1947.. 

1948.. 

1949.. 

1950.. 

1951.. 

1952.. 

1953.. 

1954.. 

1955.. 

1956.. 

1957.. 

1958.. 

1959.. 

I960.. 

1961.. 

1962.. 

1963.. 

1964.. 

1965.. 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973.. 

1974.. 

1975.. 

1976.. 

1977.. 

1978.. 

1979.. 

1980.. 

1981.. 

1982.. 

1947.. 

1948.. 

1949.. 

1950.. 

1951... 

1952.. 

1953.. 

1954.. 

1955.. 

1956.. 

1957.. 

1958.. 

1959.. 

I960.. 

1961... 

1962.. 

1963.. 

1964.. 

1965.. 

1966.. 

1967.. 

1968... 

1969... 

1970... 

1971... 

1972... 

1973... 

1974... 

1975... 

1976... 

1977... 

1978... 

1979... 

1980... 

1981... 

1982... 

9.0 

8.9 

11.3 

10.6 

9.7 

7.1 

6.9 

12.9 

10.5 

9.0 

13.2 

2.8 

8.8 

7.7 

1.9 

8.5 

12.9 

16.3 

11.5 

8.1 

7.8 

9.2 

8.9 

8.9 

8.9 

6.8 

10.5 

10.2 

11.6 

2.6 

8.5 

11.6 

16.0 

15.0 

8.7 

7.2 

11.9 

11.3 

10.0 

10.2 

7.2 

9.0 

11.4 

10.5 

6.2 

9.0 

13.3 

10.6 

12.7 

7.3 

6.1 

14.6 

14.0 

6.8 

9.5 

6.1 

8.5 

8.5 

11.0 

3.3 

358. Index of output per hour, al persons, 

[1977-100] 

49.4 

51.0 

52.6 

55.1 

56.5 

58.1 

59.2 

59.6 

62.2 

62.5 

63.7 

64.1 

67.6 

68.7 

68.7 

72.4 

74.1 

77.2 

79.4 

82.4 

82.9 

86.0 

87.0 

85.5 

88.9 

91.4 

96.1 

93.8 

92.4 

97.1 

99.3 

100.4 

100.1 

98.7 

100.1 

100.0 

49.9 

52.2 

52.9 

56.1 

56.4 

58.6 

59.6 

59.9 

62.9 

63.0 

63.8 

65.1 

68.4 

68.2 

70.1 

72.0 

74.9 

77.8 

80.0 

82.1 

83.9 

86.7 

86.7 

86.6 

89.2 

92.4 

95.3 

93.0 

94.7 

98.0 

99.9 

100.8 

99.2 

97.8 

100.1 

99.9 

49.9 

51.9 

53.7 

56.8 

57.8 

58.6 

59.8 

60.8 

63.2 

62.9 

64.1 

65.8 

67.3 

68.1 

70.7 

72.9 

75.7 

78.6 

80.7 

82.5 

84.4 

87.2 

86.4 

88.0 

90.4 

93.6 

94.9 

92.4 

96.2 

98.2 

100.6 

100.6 

98.6 

98.5 

101.1 

100.4 

50.3 

52.8 

53.1 

57.1 

58.3 

58.9 

59.6 

61.2 

62.8 

63.3 

64.4 

67.1 

67.6 

68.1 

71.8 

73.9 

76.0 

78.7 

81.9 

82.9 

85.0 

87.2 

86.2 

87.1 

90.4 

94.7 

94.8 

92.3 

95.8 

97.9 

100.4 

100.7 

98.6 

98.8 

99.9 

100.8 

370c. Change in index of output per 

[Annual rate, percent] 

hour over l-quarter spans 

12.0 

-3.8 

18.3 

-3.6 

-.7 

4.7 

-3.7 

4.9 

2.4 

2.8 

1.7 

3.4 

9.9 

3.5 

.9 

1.2 

8.2 

4.8 

4.5 

.5 

4.2 

-2.4 

-1.8 

9.1 

4.5 

7.2 

-7.3 

.3 

6.4 

5.8 

-.2 

-1.9 

1.5 

5.9 

-.4 

1.9 

13.1 

-1.0 

6.8 

2.5 

7.3 

5.4 

3.8 

4.3 

.3 

1.6 

4.1 

.9 

-5.0 

12.0 

1.0 

4.8 

1.4 

1.3 

-.8 

6.4 

2.9 

.9 

4.2 

-.7 

5.2 

-3.5 

.1 

11.3 

1.6 

.8 

1.1 

-2.6 

-2.9 

2.2 

-1.6 

-1.8 

-4.6 

9.6 

6.5 

11.5 

2.0 

1.2 

7.7 

-.4 

.5 

-.2 

6.0 

-3.3 

-1.7 

2.4 

6.1 

5.2 

4.7 

5.8 

2.4 

1.4 

3.4 

-.4 

6.9 

6.1 

1.9 

-2.0 

-2.4 

6.0 

1.3 

5.5 

-.7 

-2.1 

1.3 

4.7 

1.7 

1.4 

7.3 

.6 

2.9 

1.2 

.9 

.3 

5.4 

-1.5 

6.7 

3.4 

7.6 

3.2 

.6 

7.0 

5.1 

1.9 

1.9 

4.9 

1.8 

3.6 

.4 

-.5 

-2.0 

.4 

6.1 

1.1 

-.8 

-1.3 

.3 

-1.4 

.4 

-.6 

1.0 

-4.1 

3.3 

8.8 

11.7 

13.6 

12.4 

8.4 

7.0 

10.6 

11.8 

9.0 

9.4 

8.3 

7.7 

9.7 

10.2 

3.5 

49.9 

52.0 

53.1 

56.3 

57.2 

58.6 

59.5 

60.4 

62.7 

62.9 

64.0 

65.5 

67.7 

68.3 

70.3 

72.8 

75.1 

78.1 

80.5 

82.5 

84.0 

86.8 

86.5 

86.8 

89.7 

93.0 

95.3 

92.9 

94.7 

97.8 

100.0 

100.6 

99.1 

98.4 

100.3 

100.2 

Percent change* 

5.3 

1.5 

7.9 

2.8 

3.2 

3.2 

1.6 

4.0 

1.0 

2.5 

3.1 

3.2 

1.5 

3.3 

3.8 

3.7 

4.3 

3.5 

3.1 

2.3 

3.3 

.2 

.8 

3.6 

3.5 

2.6 

-2.4 

2.2 

3.3 

2.4 

.6 

-1.2 

-.5 

2.4 

-.1 

See footnotes at end of this part 159 

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
370c

. Change in index of output per hour over 4-quarter spans7 

[Annual rate, percent] 

1947... 

1948 

1949 

1950 

1951 

195? 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

1947.. 

1948 

1949 

1950 

1951 

195? 

1953 

1954 

5.2 

2.8 

7.9 

3.2 

2.4 

3.0 

1.9 

3.5 .4 

2.7 

3.8 

2.1 

1.5 

4.5 

3.7 

4.0 

4.0 

3.4 

2.7 

2.5 

3.5 

-.4 

2.1 

3.0 

3.0 

1.8 

-2.2 

4.1 

2.0 

3.1 

-.3 

-1.5 

-.2 

3.4 

-1.1 

6.7 

1.2 

8.5 

2.8 

2.3 

2.9 

3.2 

1.8 

2.4 

1.9 

4.8 

1.0 .8 

6.2 

3.3 

3.3 

4.0 

4.2 

1.9 

2.9 

2.7 

-.6 

1.7 

3.6 

4.4 .6 

-2.6 

4.0 

2.4 

2.6 .2 

-1.8 .2 

2.1 .7 

3.3 

2.7 

6.6 

3.1 

3.5 

3.7 .7 

5.4 

1.2 

2.5 

1.6 

5.3 

2.6 

-.7 

5.5 

3.3 

5.0 

3.2 

4.1 .9 

3.9 

1.1 

-.5 

4.5 

2.5 

5.1 

-3.0 

-.7 

5.5 

2.2 

1.1 

-.3 

-1.0 

1.3 .6 

1.3 

501. Federal Government receipts 

[Annual rate, pBons of dolars] 

43.5 

44.6 

40.6 

42.6 

65.9 

66.3 

71.8 

62.9 

42.8 

43.4 

38.6 

46.8 

62.9 

66.4 

71.9 

62.9 

42.1 

42.5 

38.3 

53.1 

62.2 

66.9 

70.8 

63.5 

1955 69.7 71.6 73.6 

1956 76.0 77.6 77.6 

1957 82.7 82.5 82.6 

1958 76.0 75.9 79.5 

1959 87.6 91.6 89.8 

1960 97.9 96.4 95.7 

1961 94.5 96.6 98.9 

1962 103.3 105.1 107.5 

1963 111.6 114.1 115.3 

1964 115.4 112.1 115.2 

1965 122.7 124.4 123.1 

1966 136.5 141.3 143.7 

1967 147.0 147.6 151.5 

1968 163.6 168.8 180.0 

1969 195.4 198.5 196.3 

1970 192.7 194.3 190.7 

1971 194.9 197.1 198.6 

1972 223.0 224.2 227.6 

1973 252.1 255.6 259.7 

1974 274.8 284.6 296.6 

1975 288.2 254.5 298.7 

1976 320.0 327.5 335.9 

1977 364.1 370.5 377.5 

1978 396.7 424.4 442.3 

1979 477.8 486.7 500.0 

1980 526.1 523.4 543.2 

1981 617.4 622.6 638.8 

1982 619.5 622J 615.2 

510. State and local government surplus or deficit 

[Annual rate, bBons of dolars] 

1947 1.3 1.3 0.8 

1948 .4 .2 0 

1949 -.1 -.8 -.8 

1950 -1.4 -1.7 -.8 

1951 0 -.6 -.8 

195? -.3 -.6 .4 

1953 -.4 1.0 .2 

1954 -.6 -1.0 -1.4 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

196? 

1963 

1964 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

197? 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

-1.6 

-1.0 

-.7 

-2.5 

-1.7 .2 

-.8 .1 .1 .9 

1.0 .4 

-1.2 .2 

0 

3.5 .4 

5.7 

16.7 

9.5 

1.7 

10.1 

23.7 

31.6 

32.3 

30.9 

35.3 

28.8 

-1.6 

-.9 

-1.3 

-2.4 

-1.6 .2 

-.1 .5 .5 .6 .4 .9 

-2.3 .2 .4 

3.1 

2.4 

16.6 

14.5 

7.8 

5.7 

13.8 

26.1 

34.0 

26.8 

26.2 

36.7 

32.0 

-.9 

-.7 

-1.4 

-2.9 .7 

0 

.1 .6 .6 

1.3 

-.8 

1.1 

-.7 

0 

2.0 

1.0 

3.3 

9.9 

11.5 

5.7 

7.7 

17.4 

32.0 

25.7 

30.9 

30.0 

37.3 

31.3 

6.0 

-.6 

8.6 

2.0 

4.7 

3.3 .4 

5.5 .2 

2.9 

2.2 

4.4 

1.0 

3.5 

2.8 

4.3 

4.1 

3.2 

3.6 

2.7 

3.0 .6 .3 

3.2 

4.0 

2.8 

-2.1 

2.0 

3.1 

2.0 

1.2 

-1.2 

-1.0 

2.6 

-.4 

2.8 

Average 

500. Federal Government surplus or deficit 

[Annual rate, bions of dotes] 

44.5 

42.3 

37.4 

57.7 

66.2 

69.9 

65.6 

65.7 

75.5 

80.5 

79.6 

83.0 

90.4 

94.6 

102.2 

108.8 

116.6 

117.0 

127.1 

145.9 

155.9 

185.4 

197.2 

189.8 

203.7 

235.3 

267.2 

295.3 

307.9 

343.6 

388.7 

462.8 

510.1 

570.8 

629.2 

612.6 

0.8 .1 

-1.1 

-.9 

-.3 .4 

-.1 

-1.3 

-.9 

-.9 

-2.0 

-1.7 .9 

-.1 

-.7 .7 .6 

1.2 

-.7 

-.4 

0 

-.1 

3.6 

-.2 

4.2 

21.8 

11.0 

4.2 

6.8 

25.0 

30.4 

29.8 

31.6 

35.1 

32.0 

32.9 

3.5 

4.8 

5.4 

3.6 

2.9 

1.8 

4.0 

1.7 

2.0 

2.1 

4.6 

1.7 

1.3 

4.8 

3.6 

4.1 

3.6 

3.8 

2.0 

3.1 

2.0 

-.3 

2.9 

3.3 

3.8 

-.7 

-.9 

4.2 

2.2 

2.0 

-.4 

-1.3 

1.0 

1.4 .9 

Average 

43.2 

43.2 

38.7 

50.0 

64.3 

67.3 

70.0 

63.7 

72.6 

78.0 

81.9 

78.7 

89.8 

96.1 

98.1 

106.2 

114.4 

114.9 

124.3 

141.8 

150.5 

174.4 

196.9 

191.9 

198.6 

227.5 

258.6 

287.8 

287.3 

331.8 

375.2 

431.6 

493.6 

540.9 

627.0 

617.4 

Average 

1.0 .1 

-.7 

-1.2 

-.4 

0 .1 

-1.1 

-1.3 

-.9 

-1.4 

-2.4 

-.4 .1 

-.4 .5 .5 

1.0 

0 

.5 

-1.1 .1 

1.5 

1.9 

2.6 

13.5 

13.4 

6.8 

5.5 

16.6 

28.0 

30.3 

30.4 

30.6 

35.3 

31.3 

1947 

1948 

1949 

1950 

1951 

1952 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961.... 

1962 

1963.... 

1964.... 

1965.... 

1966.... 

1967.... 

1968.... 

1969.... 

1970.... 

1971.... 

1972.... 

1973.... 

1974.... 

1975.... 

1976.... 

1977.... 

1978.... 

1979.... 

1980... 

1981... 

1982... 

1947... 

1948... 

1949... 

1950... 

1951... 

1952 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1968 

1969 

1970... 

1971... 

1972... 

1973... 

1974... 

1975... 

1976... 

1977... 

1978... 

1979... 

1980... 

1981... 

1982... 

1947... 

1948... 

1949... 

1950... 

1951... 

1952... 

1953... 

1954... 

1955... 

1956.. 

1957.. 

1958.. 

1959.. 

I960.. 

1961... 

1962.. 

1963.. 

1964.. 

1965.. 

1966.. 

1967.. 

1968.. 

1969.. 

1970.. 

1971... 

1972.. 

1973.. 

1974.. 

1975.. 

1976.. 

1977.. 

1978.. 

1979.. 

1980.. 

1981.. 

1982.. 

14.8 

13.6 .6 

-4.7 

18.3 .2 

-4.5 

-10.6 

1.8 

6.6 

4.6 

-7.5 

-2.9 

7.6 

-4.3 

-5.6 

-1.9 

-3.0 

4.6 .6 

-12.9 

-9.8 

11.4 

-1.3 

-18.5 

-12.8 

8^8.6 

-4.7 

-45.5 

-56.3 

-37.6 

-48.4 

-10.1 

-38.5 

-43.4 

-108.5 

13.6 

10.5 

-3.1 

7.8 

8.4 

-3.7 

-6.2 

«.7 

4.9 

5.8 

2.8 

-11.9 

1.6 

4.2 

-5.1 

-4.1 

1.9 

-6.7 

3.9 

1.3 

-13.2 

-12.2 

11.5 

-13.1 

-23.7 

-19.8 

-7.1 

-10.6 

-99.0 

-48.2 

-41.9 

-26.6 

-6.7 

-64.3 

-47.3 

-113.2 

10.0 

5.8 

-4.1 

16.6 

1.0 

-7.5 

-5.8 

-5.1 

4.8 

5.2 

2.8 

-12.1 

-1.7 

1.4 

-3.9 

-3.2 

1.2 

-2.4 

-3.0 

-3.2 

-13.6 

-2.6 

6.5 

-14.9 

-23.7 

-10.5 

-2.6 

-8.4 

-66.6 

-51.6 

-52.1 

-23.3 

-18.0 

-73.3 

-62.4 

-158.3 

502. Federal Government expenditures 

[Annual rate, Mtons of dolars] 

28.7 

31.0 

40.0 

47.2 

47.6 

66.1 

76.3 

73.5 

67.9 

69.4 

78.1 

83.5 

90.5 

90.2 

98.9 

109.0 

113.5 

118.3 

118.2 

135.8 

159.9 

173.4 

184.0 

193.9 

213.4 

235.8 

260.7 

279.6 

333.6 

376.3 

401.7 

445.1 

487.9 

564.5 

660.8 

728.0 

29.2 

33.0 

41.7 

39.0 

54.5 

70.1 

78.2 

69.6 

66.7 

71.8 

79.8 

87.8 

89.9 

92.3 

101.7 

109.2 

112.2 

118.8 

120.4 

140.0 

160.9 

180.9 

187.1 

207.4 

220.8 

244.0 

262.8 

295.2 

353.6 

375.7 

412.4 

451.1 

493.4 

587.7 

669.9 

735.4 

32.2 

36.7 

42.4 

36.5 

61.2 

74.4 

76.6 

68.7 

68.9 

72.4 

79.8 

91.6 

91.5 

94.2 

102.8 

110.7 

114.1 

117.6 

126.1 

146.9 

165.1 

182.6 

189.8 

205.7 

222.3 

238.1 

262.3 

305.0 

365.3 

387.4 

429.6 

465.6 

518.0 

616.5 

701.2 

773.5 

511. State and local government 

[Annual rate, Mfere of dolars] 

14.6 

16.9 

18.8 

20.5 

23.1 

24.5 

26.3 

28.4 

30.5 

33.7 

37.7 

40.1 

45.0 

48.3 

52.5 

57.1 

61.0 

67.2 

72.6 

81.0 

90.1 

102.3 

114.5 

130.1 

145.4 

166.3 

191.9 

203.1 

224.0 

258.0 

284.7 

316.7 

341.0 

375.3 

411.3 

425.9 

15.2 

17.5 

19.0 

21.0 

23.1 

25.0 

27.8 

28.7 

31.2 

34.6 

38.1 

41.3 

45.3 

49.6 

53.3 

58.0 

62.3 

68.8 

74.2 

83.8 

91.0 

106.0 

118.0 

133.7 

151.6 

178.6 

193.6 

209.6 

233.7 

263.7 

293.9 

329.1 

344.3 

377.2 

415.9 

436.8 

15.7 

18.0 

19.9 

21.8 

23.4 

25.8 

27.7 

29.3 

32.2 

35.5 

38.8 

42.0 

47.7 

50.5 

54.5 

58.9 

64.1 

70.5 

75.9 

86.3 

94.7 

108.9 

122.2 

137.5 

155.2 

175.8 

194.8 

214.2 

243.7 

269.5 

304.0 

327.8 

356.3 

389.4 

421.6 

442.8 

15.2 

3.3 

-4.1 

17.3 

-1.7 

-3.7 

-11.8 

-1.9 

6.5 

6.3 

-1.3 

-10.0 

-1.5 

-1.1 

-2.2 

-4.0 

-.2 

-1.0 

-3.4 

-5.9 

-13.0 .3 

4.3 

-20.4 

-22.2 

-24.1 

-4.0 

-22.4 

-66.1 

-56.3 

-51.8 

-19.6 

-29.6 

-69.0 

-95.8 

-208.2 

29.3 

39.0 

41.4 

40.4 

67.9 

73.6 

77.4 

67.6 

69.0 

74.2 

81.0 

93.0 

91.9 

95.7 

104.4 

112.8 

116.8 

118.0 

130.5 

151.8 

168.9 

185.1 

192.9 

210.3 

225.9 

259.4 

271.2 

317.6 

374.0 

399.9 

440.6 

482.4 

539.6 

639.8 

725.0 

820.9 

16.3 

18.4 

20.0 

22.0 

24.1 

26.4 

27.9 

29.8 

32.8 

36.2 

39.3 

44.4 

47.8 

51.1 

55.7 

60.0 

65.6 

71.6 

77.7 

88.2 

98.6 

111.9 

126.1 

140.4 

159.9 

192.6 

199.8 

218.5 

249.4 

280.0 

308.4 

336.9 

366.3 

402.5 

423.4 

450.7 

13.4 

8.3 

-2.6 

9.2 

6.5 

-3.7 

-7.1 

-6.0 

4.4 

6.1 

2.3 

-10.3 

-1.1 

3.0 

-3.9 

-4.2 .3 

-3.3 .5 

-1.8 

-13.2 

-6.0 

8.4 

-12.4 

-22.0 

-16.8 

-5.6 

-11.5 

-69.3 

-53.1 

-45.9 

-29.5 

-16.1 

-61.2 

-62.2 

-147.1 

Average 

29.8 

34.9 

41.3 

40.8 

57.8 

71.1 

77.1 

69.8 

68.1 

71.9 

79.6 

88.9 

91.0 

93.1 

101.9 

110.4 

114.2 

118.2 

123.8 

143.6 

163.7 

180.5 

188.4 

204.3 

220.6 

244.3 

264.2 

299.3 

356.6 

384.8 

421.1 

461.0 

509.7 

602.1 

689.2 

764.4 

Average 

15.4 

17.7 

19.5 

21.3 

23.4 

25.4 

27.4 

29.0 

31.7 

35.0 

38.5 

42.0 

46.4 

49.9 

54.0 

58.5 

63.2 

69.5 

75.1 

84.8 

93.6 

107.3 

120.2 

135.4 

153.0 

178.3 

195.0 

211.4 

237.7 

267.8 

297.7 

327.6 

352.0 

386.1 

418.1 

439.1 

160 

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Year 

Quarterly 

1Q IIQ III Q 

512. State and local government expendrtures 

[Annual rate, blons of dolars] 

IV Q Annual 

Average 

Year 

Quarterly 

H Q 1IIQ 

IV Q 

1947.. 

1948.. 

1949 

1950 

1951 

1952 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

13.3 

16.5 

18.9 

21.8 

23.2 

24.8 

26.8 

29.0 

32.2 

34.7 

38.5 

42.6 

46.7 

48.1 

53.2 

57.0 

60.9 

66.4 

71.6 

80.6 

91.3 

102.1 

114.5 

126.6 

145.0 

160.6 

175.2 

193.6 

222.3 

247.8 

261.0 

285.1 

308.7 

344.4 

376.0 

397.2 

13.9 

17.2 

19.8 

22.7 

23.7 

25.7 

26.8 

29.7 

32.8 

35.5 

39.4 

43.7 

47.0 

49.5 

53.4 

57.5 

61.7 

68.2 

73.8 

82.9 

93.3 

105.8 

117.6 

130.6 

149.2 

162.0 

179.1 

201.8 

228.0 

249.9 

267.8 

295.1 

317.5 

351.0 

379.2 

404.8 

14.9 

18.0 

20.7 

22.6 

24.2 

25.4 

27.5 

30.7 

33.1 

36.2 

40.2 

44.9 

47.0 

50.5 

54.4 

58.3 

63.5 

69.2 

76.7 

85.2 

95.4 

108.9 

120.2 

136.4 

151.9 

166.0 

183.3 

208.5 

235.9 

252.1 

272.0 

302.1 

325.4 

359.4 

384.3 

411.4 

1947... 

1948... 

1949... 

1950... 

1951... 

1952.. 

1953... 

1954.. 

1955.. 

1956.. 

1957.. 

1958.. 

1959... 

1960... 

1961... 

1962... 

1963 

1964 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973... 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982... 

1947... 

1948... 

1949... 

1950... 

1951... 

1952... 

1953... 

1954... 

1955... 

1956... 

1957... 

1958... 

1959... 

1960... 

1961... 

1962... 

1963... 

1964... 

1965... 

1966... 

1967... 

1968... 

1969... 

1970... 

1971... 

1972.... 

1973... 

1974.... 

1975.... 

1976.... 

1977.... 

1978.... 

1979... 

1980... 

1981... 

1982... 

565. National defense purchases as a 

{Percent] 

percent of GNP 

4.2 

3.9 

4.9 

4.6 

7.5 

12.4 

13.4 

12.2 

9.9 

9.3 

9.8 

10.2 

9.7 

8.7 

9.1 

9.2 

8.6 

8.0 

7.0 

7.5 

8.9 

9.0 

8.2 

7.8 

6.9 

6.5 

5.7 

5.3 

5.5 

5.1 

4.9 

4.7 

4.6 

4.9 

5.0 

5.6 

3.9 

4.0 

5.2 

4.5 

9.2 

13.3 

13.4 

11.6 

9.6 

9.6 

9.9 

10.3 

9.3 

8.7 

9.0 

9.1 

8.5 

7.8 

7.1 

7.8 

8.9 

8.9 

8.1 

7.4 

6.6 

6.3 

5.6 

5.3 

5.3 

4.9 

4.9 

4.7 

4.6 

5.0 

5.2 

5.7 

3.7 

4.0 

5.3 

4.8 

11.3 

13.5 

13.1 

10.9 

9.7 

9.5 

9.9 

10.1 

9.3 

8.8 

8.9 

9.0 

8.3 

7.6 

7.1 

8.2 

9.0 

8.7 

8.1 

7.3 

6.3 

6.0 

5.3 

5.3 

5.3 

5.0 

4.8 

4.6 

4.6 

5.0 

5.2 

5.9 

620. Merchantise imports, adjusted, exchrfng mitary 

[mom ofdolars] 

3,812 

3,394 

3,966 

4,064 

4,416 

4,711 

6,012 

6,708 

7,796 

7,444 

9,587 

10,600 

13,501 

16,285 

21,952 

24,980 

28,176 

36,585 

42,110 

46,816 

64,483 

65,275 

61,739 

3,858 

3,438 

4,080 

4,226 

4,598 

5,428 

6,195 

6,475 

8,051 

9,527 

9,766 

11,614 

13,254 

17,168 

26,346 

22,832 

30,182 

38,063 

43,754 

51,171 

62,414 

67,373 

60,850 

3,648 

3,809 

4,116 

4,372 

4,756 

5,516 

6,576 

6,526 

8,612 

9,380 

10,049 

12,171 

14,022 

17,683 

27,368 

24,487 

32,213 

38,005 

44,389 

54,262 

59,783 

66,214 

65,319 

15.5 

18.3 

21.1 

22.9 

24.4 

26.0 

28.0 

31.1 

33.6 

37.0 

41.3 

46.0 

46.9 

51.2 

56.4 

59.3 

65.0 

70.3 

78.4 

88.6 

98.7 

112.0 

122.4 

140.5 

155.7 

170.8 

188.8 

214.3 

242.6 

255.0 

278.1 

307.1 

334.7 

367.3 

391.4 

417.8 

3.8 

4.5 

5.1 

5.5 

12.4 

13.5 

13.1 

10.2 

9.2 

9.7 

10.0 

10.0 

9.1 

9.0 

8.9 

8.9 

8.2 

7.4 

7.4 

8.4 

8.9 

8.6 

8.0 

7.2 

6.3 

5.9 

5.3 

5.5 

5.3 

5.0 

4.8 

4.6 

4.8 

5.1 

5.5 

6.1 

3,440 

3,896 

4,098 

4,386 

4,930 

5,855 

6,710 

7,157 

8,532 

9,456 

10,464 

11,914 

15,020 

19,363 

28,145 

25,886 

33,657 

39,254 

45,767 

59,779 

63,101 

66,224 

59,698 

14.4 

17.6 

20.2 

22.5 

23.9 

25.5 

27.3 

30.2 

33.0 

35.9 

39.8 

44.3 

46.9 

49.8 

54.4 

58.0 

62.8 

68.5 

75.1 

84.3 

94.7 

107.2 

118.7 

133.5 

150.4 

164.8 

181.6 

204.6 

232.2 

251.2 

269.7 

297.3 

321.5 

355.5 

382.7 

407.8 

Average! 

3.9 

4.1 

5.1 

4.9 

10.1 

13.2 

13.2 

11.2 

9.6 

9.5 

9.9 

10.1 

9.3 

8.8 

9.0 

9.0 

8.4 

7.7 

7.1 

8.0 

8.9 

7.4 

6.5 

6.2 

5.5 

5.4 

5.4 

5.0 

4.8 

4.6 

4.6 

5.0 

5.2 

5.8 

Total 

5,973 

7,557 

6,874 

9,081 

11,176 

10,838 

10,975 

10,353 

11,527 

12,803 

13,291 

12,952 

15,310 

14,758 

14,537 

16,260 

17,048 

18,700 

21,510 

25,493 

26,866 

32,991 

35,807 

39,866 

46,299 

55,797 

70,499 

103,811 

98,185 

124,228 

151,907 

176,020 

212,028 

249,781 

265,086 

247,606 

1947... 

1948... 

1949 

1950 

1951 

1952 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

564. Federal Government purchases of goods and services, national 

[Annual rate, paons of dolars] 

1947... 

1948... 

1949... 

1950... 

1951... 

1952... 

1953... 

1954... 

1955... 

1956... 

1957... 

1958... 

1959... 

1960... 

1961... 

1962.. 

1963.. 

1964.. 

1965.. 

1966.. 

1967.. 

1968... 

1969.. 

1970.. 

1971.. 

1972.. 

1973.. 

1974.. 

1975.. 

1976.. 

1977.. 

1978.. 

1979.. 

1980.. 

1981.. 

1982.. 

1947.. 

1948.. 

1949.. 

1950.. 

1951... 

1952.. 

1953.. 

1954.. 

1955.. 

1956... 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973... 

1974... 

1975... 

1976... 

1977... 

1978... 

1979... 

1980... 

1981... 

1982.. 

9.4 

9.8 

12.7 

12.4 

24.0 

42.4 

49.1 

44.3 

38.6 

38.3 

43.3 

44.5 

46.1 

43.9 

46.0 

50.9 

50.2 

49.8 

47.1 

55.1 

69.4 

76.1 

75.3 

75.8 

72.0 

74.3 

73.4 

73.9 

81.3 

84.8 

90.6 

95.3 

106.6 

125.9 

143.3 

168.1 

8.9 

10.3 

13.4 

12.5 

30.3 

45.6 

49.5 

41.9 

38.1 

40.3 

43.9 

45.4 

45.5 

43.8 

46.7 

51.3 

50.5 

49.5 

48.3 

58.4 

70.4 

77.2 

75.6 

73.0 

70.1 

74.0 

73.0 

76.1 

81.0 

83.7 

92.7 

99.7 

109.0 

129.1 

151.2 

175.2 

8.6 

10.6 

13.6 

14.1 

37.7 

46.9 

48.3 

39.8 

39.1 

40.2 

44.6 

45.9 

45.6 

44.8 

46.8 

51.1 

50.2 

48.9 

49.3 

62.7 

72.5 

76.7 

77.2 

72.8 

68.9 

71.8 

71.3 

77.1 

83.7 

86.3 

93.5 

101.7 

112.7 

130.8 

154.9 

183.6 

618. exports

, adjusted, exd 

[Hfcns of dolars] 

4,685 

5,095 

5,077 

5,063 

6,242 

5,768 

7,242 

7,752 

7,997 

7,468 

10.258 

10,920 

11,833 

15,474 

22,614 

27,480 

27,575 

29,668 

30,947 

42.036 

54,752 

60,793 

55,636 

4,916 

4,806 

5,336 

5,599 

6,199 

6,876 

7,169 

7,693 

8,325 

9,536 

10,744 

10,878 

11,618 

17,112 

24,500 

25,866 

28,256 

30,852 

35,392 

43,834 

55.843 

60.031 

54.996 

5.031 

5,038 

5,331 

5,671 

6,423 

6,643 

7,290 

7,531 

8.744 

9,400 

10,665 

11,548 

12,351 

18,271 

24,629 

26,109 

29,056 

30,752 

36,811 

47,236 

55,786 

57,812 

52,241 

622. Balance on merchandbe trade 

[MBons of dolars] 

873 

1,701 

1,111 

999 

1,826 

1,057 

1,230 

1,044 

201 24 

671 

320 

-1,668 

-811 

662 

2,500 

-601 

-6,917 

-11,163 

-4,780 

-9,731 

-4,482 

-6,103 

1,058 

1,368 

1,256 

1,373 

1,601 

1,448 

974 

1,218 

274 

9 

978 

-736 

-1,636 

-56 

-1,846 

3,034 

-1,926 

-7,211 

-8,362 

-7,337 

-6,571 

-7,342 

-5,854 

1,383 

1,229 

1,215 

1,299 

1,667 

1,127 

714 

1,005 

132 20 

616 

-623 

-1,671 

588 

-2,739 

1,622 

-3,157 

-7,253 

-7,578 

-7,026 

-3,997 

-8,402 

-13,078 

9.3 

12.0 

13.1 

16.9 

42.0 

48.5 

47.5 

38.4 

38.0 

41.9 

44.3 

46.5 

45.1 

45.3 

48.5 

50.9 

50.3 

47.9 

53.1 

65.0 

73.5 

77.4 

77.1 

72.7 

70.0 

72.5 

73.6 

81.0 

86.0 

89.1 

94.5 

104.4 

119.0 

139.1 

166.7 

190.8 

5,018 

5,169 

5,037 

5,939 

6,637 

7,174 

7,609 

7,690 

8,560 

10,010 

10,802 

9,973 

13,579 

20,553 

26,563 

27,633 

29,858 

29,544 

38,904 

51,367 

57,856 

58,383 

48,344 

1,578 

1,273 

939 

1,553 

1,707 

1,319 

899 

533 28 

554 

338 

-1,221 

-1,441 

1,190 

-1,582 

1,747 

-3,799 

-9,710 

-6,863 

-8,412 

-5,245 

-7,841 

-11,354 

9.0 

10.7 

13.2 

14.0 

33.5 

45.8 

48.6 

41.1 

38.4 

40.2 

44.0 

45.6 

45.6 

44.5 

47.0 

51.1 

50.3 

49.0 

49.4 

60.3 

71.5 

76.9 

76.3 

73.6 

70.2 

73.1 

72.8 

77.0 

83.0 

86.0 

92.8 

100.3 

111.8 

131.2 

154.0 

179.4 

Total 

16,097 

13,265 

12,213 

10,203 

14,243 

13,449 

12,412 

12,929 

14,424 

17,556 

19,562 

16,414 

16,458 

19.650 

20,108 

20,781 

22,272 

25,501 

26,461 

29,310 

30,666 

33,626 

36,414 

42,469 

43,319 

49,381 

71,410 

98,306 

107,088 

114,745 

120,816 

142,054 

184,473 

224,237 

237,019 

211,217 

Total 

10,124 

5,708 

5,339 

1,122 

3,067 

2,611 

1,437 

2,576 

2,897 

4,753 

6,271 

3,462 

1,148 

4,892 

5,571 

4,521 

5,224 

6,801 

4,951 

3,817 

3,800 

635 

607 

2,603 

-2,260 

-6,416 

911 

-5,505 

8,903 

-9,483 

-31,091 

-33,966 

-27,555 

-25,544 

-28,067 

-36,389 

See footnotes at end of this part. 161 

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Year 

1947 

1948 

1949 

1950 

1951 

1952 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

1947 

1948 

1949 

1950 

1951 

1952 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

1947 

1948 

1949 

1950 

1951 

1952 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

IQ 

Quarterly 

NQ 

! IQ 

651* Income on U.S. investment abroad 

806 

973 

999 

1,532 

1,718 

1,898 

1,837 

1,890 

2,190 

2,569 

2,968 

3,012 

3,451 

4,628 

6,895 

6,113 

7,031 

7,714 

9,612 

13,474 

19,934 

20,683 

20,761 

[Mfens of dolars] 

807 

942 

1,092 

1,490 

1,689 

1,953 

1,857 

1,875 

2,430 

2,673 

3.030 

3,198 

3,576 

5,187 

7,104 

6,002 

7,371 

7,999 

9,704 

14,929 

15,909 

21,717 

22,316 

846 

997 

1,084 

1,531 

1,739 

1,853 

1,873 

2,075 

2,402 

2,794 

2,977 

3,156 

3,803 

5,913 

7,123 

6,352 

7,429 

8,337 

10,465 

17,445 

17,803 

22,043 

21,569 

667. Balance on foods and services 

[MHons of dolars] 

589 

1,640 

1,121 

1,486 

2,551 

1,933 

1,827 

1,533 

826 

774 

1,407 

1,508 

-690 

903 

4,589 

5,421 

3,569 

-1,625 

-5,018 

2,068 

-196 

4,839 

2,625 

803 

1,324 

1,432 

1,870 

2,241 

2,363 

1,534 

1,480 

1,160 

742 

1,782 

485 

-710 

1,903 

1,958 

6,126 

2,627 

-1,803 

-3,141 93 

-132 

2,309 

3,236 

1,160 

1,257 

1,336 

1,721 

2,421 

2,025 

1,181 

1,435 

922 

766 

1,354 

444 

-319 

3,647 

968 

5,151 

1.828 

-1,563 

-2,164 

2,033 4 809 

1,801 

-4,854 

669. Imports of foods and services 

6,016 

5,585 

6,233 

6,511 

7,023 

7,408 

9,094 

10,285 

11,609 

11,654 

14,495 

15,589 

19,202 

23,055 

29,704 

33,839 

37,543 

46,462 

54,205 

62,839 

85,444 

88,947 

87,136 

[Mfcns of dolars] 

6,050 

5,639 

6,374 

6,691 

7,211 

8,247 

9,413 

10,174 

11,911 

14,011 

14,898 

16,803 

19,155 

24,356 

34,772 

31,348 

39,573 

48,502 

56,960 

68,085 

82,938 

92,225 

87,554 

5,900 

5,998 

6,428 

6,907 

7,378 

8,317 

9,954 

10,290 

12,641 

14,105 

15,178 

17,499 

19,817 

24,897 

36,065 

33,142 

41,816 

48,612 

58,378 

72,224 

80,712 

91,281 

91,786 

IVQ 

892 

1,032 

1,245 

1,604 

1,677 

1,733 

1.959 

2,181 

2,346 

2,875 

2,773 

3,340 

3,933 

6,080 

6,464 

6,884 

7,455 

8,129 

12,465 

18,285 

18.798 

21,801 

19,499 

1,488 

1,308 

1,152 

2,091 

2,390 

1,961 

1,420 

1,258 

657 

1,107 

1,080 

-170 

-222 

4,568 

1,630 

6,050 

1,179 

-4,905 

-17 

490 

2,996 

2,571 

-4,190 

5,591 

6,133 

6,533 

6,939 

7,612 

8,834 

10,139 

10,860 

12,640 

14,362 

15,481 

16,678 

21,261 

26,911 

36,979 

34,653 

43,495 

50,597 

60,792 

78,964 

85,504 

90,650 

85,030 

Annual 

Total 

1,340 

1,395 

1,593 

1,882 

1,828 

1,910 

2,227 

2,444 

2,662 

2,817 

2,845 

3,043 

4,616 

4,999 

5,618 

6,157 

6,824 

7,437 

7,528 

8,020 

9,368 

10,912 

11,747 

12,707 

14,764 

21,808 

27,587 

25,351 

29,286 

32,179 

42,245 

64,132 

72,445 

86,243 

84,146 

Total 

11,617 

6,518 

6,218 

1,892 

3,817 

2,356 

532 

1,959 

2,153 

4,145 

5,901 

2,356 

310 

5,132 

6,346 

6,025 

7,167 

9,604 

8,285 

5,963 

5,708 

3,563 

3,393 

5,625 

2,269 

-1,941 

11,021 

9,147 

22,749 

9,205 

-9,894 

-10,340 

4,686 

7,477 

11,523 

-3,177 

Total 

8,202 

10,343 

9,616 

12,001 

15,047 

15,766 

16,546 

15,930 

17,795 

19,627 

20,752 

20,861 

23,342 

23,729 

23,591 

25,778 

27,047 

29,222 

32,801 

38,599 

41,606 

48,800 

54,129 

60,050 

66,569 

79,435 

99,219 

137,519 

132,980 

162,425 

194,170 

230,335 

282,110 

334,596 

363,098 

351,502 

\ 

1947.... 

1948.... 

1949.... 

1950.... 

1951.... 

1952.... 

1953.... 

1954.... 

1955.... 

1956.... 

1957.... 

1958.... 

1959.... 

1960.... 

1961.... 

1962.... 

1963.... 

1964.... 

1965.... 

1966.... 

1967.... 

1968.... 

1969.... 

1970.... 

1971.... 

1972,,. 

1973..:. 

1974.... 

1975.... 

1976.... 

1977.... 

1978... 

1979 ... 

1980.... 

1981.... 

1982.... 

1947.... 

1948... 

1949.... 

1950... 

1951... 

1952... 

1953... 

1954... 

1955... 

1956... 

1957... 

1958... 

1959... 

1960... 

1961... 

1962... 

1963... 

1964... 

1965... 

1966... 

1967... 

1968... 

1969... 

1970... 

1971... 

1972... 

1973... 

1974... 

1975... 

1976... 

1977... 

1978... 

1979... 

1980... 

1981... 

1982... 

1947... 

1948... 

1949 

1950 

1951 

1952 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982... 

fear 

IQ 

Quarterly 

NQ 

«Q 

652. Income on forefen investment in the IMted States 

282 

245 

271 

371 

437 

487 

566 

679 

784 

1,004 

1,422 

1,227 

* 1.479 

2,102 

2,706 

3,237 

3,405 

3,099 

4,372 

7,254 

10,529 

12,477 

13,824 

[MHons of dolars] 

271 

245 

277 

380 

441 

526 

584 

681 

838 

1,148 

1,405 

1,283 

1.623 

2.392 

3,005 

3,143 

3,332 

3,398 

5,326 

7,834 

10,294 

13,505 

14,779 

267 

254 

281 

393 

439 

515 

652 

672 

867 

1,324 

1.377 

1,428 

1.650 

2,518 

3,276 

3,212 

3,293 

3,612 

5,630 

8,513 

10,513 

13,888 

14,748 

IVQ 

245 

263 

283 

416 

466 

562 

679 

715 

890 

1,392 

1,311 

1,497 

1,821 

2,643 

3,098 

2,973 

3,281 

4,108 

6,352 

9,315 

11,540 

12,892 

13,491 

668. Exports of foods and services, exdudnf transfers under U.S. mitary frants 

[Mfcns of dolars] 

6,605 

7,225 

7,354 

7,997 

9,574 

9,341 

10,921 

11,818 

12,435 

12,428 

15,902 

17,097 

18,512 

23,958 

34,293 

39,260 

41,112 

44,837 

49,187 

64,907 

85,248 

93,786 

89,761 

6,853 

6,963 

7,806 

8,561 

9,452 

10,610 

10,947 

11,654 

13,071 

14,753 

16,680 

17,288 

18,445 

26,259 

36,730 

37,474 

42,200 

46,699 

53,819 

68,178 

82,806 

94,534 

90,790 

960. Diffusion index of net profits, manufacturhf-

7,060 

7,255 

7,764 

8,628 

9,799 

10,342 

11,135 

11,725 

13,563 

14,871 

16,532 

17,943 

19,498 

28,544 

37,033 

38,293 

43,644 

47,049 

56,214 

74,257 

85,521 

93,082 

86,932 

7,079 

7,441 

7,685 

9,030 

10,002 

10,795 

11,559 

12,118 

13,297 

15,469 

16,561 

16,508 

21,039 

31,479 

38,609 

40,703 

44,674 

45,692 

60,775 

79,454 

88,500 

93,221 

80,840 

-about 600 companies®' 

[Percent risbif over 4-quarter spans] 

38 80 58 52 54 52 77 70 50 76 56 63 72 72 79 84 80 64 68 68 52 64 78 77 73 59 74 72 78 71 56 60 50 38 80 52 64 51 63 79 68 47 62 72 52 70 69 70 78 84 79 70 72 65 52 68 82 76 64 65 76 78 78 74 56 59 53 

58 84 40 68 51 70 76 62 37 74 72 48 75 66 76 79 82 68 70 70 60 62 76 78 76 52 76 72 74 80 63 60 49 58 64 72 50 58 52 76 71 61 44 80 62 54 74 68 79 81 83 66 72 76 55 62 77 80 76 52 77 76 78 74 54 64 48 

Annual 

Total 

280 

333 

369 

414 

421 

461 

420 

489 

568 

639 

669 

828 

1.237 

1,245 

1,324 

1,561 

1,784 

2.088 

2.481 

2,747 

3.378 

4.869 

5.516 

5,436 

6,572 

9,655 

12.084 

12.564 

13,311 

14,217 

21,680 

32,914 

42,875 

52,760 

56,842 

Total 

19,819 

16,861 

15,834 

13,893 

18,864 

18,122 

17,078 

17,889 

19,948 

23,772 

26,653 

23,217 

23,652 

28,861 

29,937 

31,803 

34,214 

38,826 

41,087 

44,562 

47,314 

52,363 

57,522 

65,674 

68,838 

77,495 

110,241 

146,666 

155,729 

171,630 

184,276 

219,994 

286,796 

342,073 

374,621 

348,324 

Averafe 50 79 50 60 52 65 76 65 66 70 52 70 69 74 79 83 73 69 72 62 57 71 80 76 60 69 74 76 78 66 59 54 

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Year 

Quarterly 

1Q IIQ HI Q 

965. Diffusion index of newly approved capital appropriations in 1972 dotars-

[Percent risinf over 1-quarter spans] 

IV Q Annual 

- 1 7 mamifacturinf industries 

Averafe 

Year 

IQ HQ 

Quarterly 

IV Q 

965. x of newly approved capital appropriations in 1972 dofars-17 manufacturinc 

[Percent risinf, 4-quarter movinf averafe] 

1948 

1949 

1950 

1951 

1952 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

36 

86 

59 

50 

30 

53 

45 

56 

56 

42 

53 

74 

74 

48 

39 

62 

50 

53 

62 

80 

35 

27 

56 

48 

62 

50 

65 

56 

48 

970a. Diffusion index of expenditures for new 

1947 

1948 

1949 

1950 

1951 

1952 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

[Percent risinf 

68.2 

29.5 

591 

77.3 

63.6 

81.8 

52.3 

54.5 

88.6 

56.8 

182 

77.3 

77.3 

27.3 

59.1 

31.8 

95.5 

63.6 

86.4 

50.0 

63.6 

72.7 

61.4 

36.4 

70.5 

81.8 

72.7 

36.4 

70.5 

65.9 

72.7 

86.4 

77.3 

72.7 

54.5 

970c. Diffusion index of expenditures for new 

1947 

1948 

1949 

1950 

1951 

1952 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

[Percent risinf 

33.3 

33.3 

66.7 

41.7 

66.7 

65.9 

36.4 

50.0 

61.4 

56.8 

47.7 

61.4 

63.6 

59.1 

50.0 

50.0 

68.2 

61.4 

59.1 

54.5 

68.2 

65.9 

70.5 

43.2 

77.3 

65.9 

68.2 

72.7 

68.2 

63.6 

70.5 

63.6 

81.8 

70.5 

59.1 

77 

53 

62 

36 

42 

45 

80 

33 

62 

42 

65 

71 

74 

48 

45 

48 

56 

42 

42 

71 

53 

53 

48 

62 

77 

27 

42 

18 

53 

27 

50 

39 

77 

33 

30 

74 

59 

27 

74 

65 

65 

56 

65 

27 

48 

65 

42 

36 

77 

53 

59 

47 

30 

45 

56 

59 

48 

27 

33 

53 

36 

62 

42 

53 

53 

62 

33 

62 

48 

71 

65 

39 

45 

45 

65 

48 

42 

33 

48 

. 62 

53 

29 

68 

59 

45 

50 

53 

53 

30 

80 

plant and eojvjpnent by U.S. nmfaiiw business actual 

over 1-quarter spans] 

65.9 

63.6 

20.5 

77 3 

90.9 

22.7 

56.8 

38.6 

79.5 

95.5 

63.6 

45 

77.3 

72.7 

52.3 

70.5 

86.4 

65.9 

86.4 

90.9 

43.2 

40.9 

90.9 

36.4 

54.5 

65.9 

79.5 

86.4 

27.3 

84.1 

79.5 

90.9 

68.2 

59.1 

63.6 

34.1 

54.5 

545 

22.7 

97 7 

65.9 

22.7 

52.3 

38.6 

88.6 

72.7 

47.7 

295 

86.4 

40.9 

45.5 

63.6 

79.5 

81.8 

84.1 

72.7 

40.9 

63.6 

63.6 

47.7 

50.0 

65.9 

70.5 

72.7 

38.6 

81.8 

81.8 

72.7 

68.2 

50.0 

72.7 

27.3 

68.2 

38.6 

31.8 

93 2 

45.5 

59.1 

38.6 

45.5 

90.9 

59.1 

27.3 

591 

65.9 

38.6 

72.7 

43.2 

63.6 

84.1 

77.3 

65.9 

52.3 

61.4 

52.3 

29.5 

56.8 

90.9 

59.1 

70.5 

52.3 

63.6 

56.8 

86.4 

88.6 

54.5 

36.4 

22.7 

48 

67 

45 

44 

53 

56 

42 

60 

58 

59 

55 

64 

48 

52 

50 

50 

40 

55 

62 

61 

41 

43 

56 

56 

50 

48 

41 

43 

52 

Averafe 

56.2 

26.1 

818 

69.9 

42.0 

57.4 

43.8 

78.4 

79.0 

48.8 

278 

76.7 

57.4 

49.4 

59.1 

65.3 

81.8 

77.8 

79.0 

46.6 

57.4 

69.9 

43.8 

49.4 

73.3 

72.7 

75.6 

38.6 

75.0 

71.0 

80.7 

77.8 

60.2 

61.4 

34.6 

plant and equpment by U.S. nonfarm business—early anticipations 

over 1-quarter spans] 

50.0 

83.3 

41.7 

33.3 

83.3 

40.9 

54.5 

43.2 

72.7 

81.8 

88.6 

27.3 

59.1 

81.8 

50.0 

65.9 

54.5 

90.9 

70.5 

79.5 

54.5 

47.7 

68.2 

81.8 

79.5 

52.3 

72.7 

68.2 

38.6 

54.5 

61.4 

59.1 

50.0 

59.1 

68.2 

59.1 

83.3 

66.7 

66.7 

75.0 

83.3 

45.5 

54.5 

38.6 

79.5 

79.5 

50.0 

31.8 

72.7 

52.3 

47.7 

63.6 

59.1 

45.5 

52.3 

77.3 

68.2 

63.6 

63.6 

68.2 

68.2 

36.4 

63.6 

77.3 

52.3 

70.5 

54.5 

86.4 

68.2 

81.8 

77.3 

65.9 

58.3 

83.3 

50.0 

75.0 

66.7 

77.3 

43.2 

50.0 

77.3 

63.6 

52.3 

68.2 

63.6 

59.1 

50.0 

56.8 

59.1 

75.0 

65.9 

59.1 

50.0 

52.3 

59.1 

65.9 

31.8 

38.6 

65.9 

68.2 

47.7 

59.1 

77.3 

72.7 

77.3 

77.3 

68.2 

59.1 

Averafe 

66.6 

47.9 

62.5 

68.8 

57.6 

54.5 

42.0 

69.9 

71.6 

61.9 

43.8 

64.2 

64.2 

51.7 

59.1 

55.7 

69.9 

62.5 

68.8 

56.8 

58.0 

64.2 

71.6 

55.7 

51.2 

67.0 

70.5 

52.8 

63.1 

64.2 

72.2 

64.8 

75.0 

71.0 

60.8 

1948 

1949 

1950 

1951 

1952 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

41 

72 

42 

44 

50 

64 

34 

64 

53 

61 

62 

63 

48 

46 

54 

52 

42 

51 

59 

64 

48 

34 

58 

60 

48 

48 

41 

49 

39 

48 

67 

45 

44 

53 

56 

42 

60 

59 

59 

55 

64 

48 

51 

50 

50 

40 

55 

62 

62 

41 

43 

56 

56 

50 

48 

41 

43 

52 

50 60 

60 

43 

39 

59 

54 

45 

60 

55 

62 

60 

64 

42 

49 

56 

48 

41 

57 

67 

50 

39 

50 

53 

60 

47 

52 

39 

41 

53 

44 62 

53 

45 

39 

67 

42 

52 

55 

61 

64 

61 

58 

41 

50 

58 

44 

41 

64 

62 

50 

38 

54 

57 

48 

50 

46 

48 

34 

53 

63 

44 

42 

57 

54 

43 

60 

57 

62 60 

62 

45 

49 

54 

48 

41 

57 

62 

56 

42 

45 

56 

56 

49 

48 

42 

42 

970b. Hffwion index of expendNvts for new plant and ofipamt by u\S. nenrarw business—later anUdpaboM 

1947 

1948 

1949 

1950 

1951 

1952 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

1947 

1948 

1949 

1950 

1951 

1952 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

[Percent risinf 

667 

16.7 

66.7 

50.0 

50.0 

65.9 

59.1 

47.7 

81.8 

54.5 

47.7 

81.8 

81.8 

45.5 

54.5 

56.8 

56.8 

54.5 

54.5 

50.0 

65.9 

90.9 

59.1 

36.4 

77.3 

81.8 

81.8 

22.7 

63.6 

70.5 

81.8 

52.3 

54.5 

72.7 

59.1 

971. Diffusion index of new 

[Percent rraif 

68 

89 

60 

77 

50 

76 

82 

65 

42 

83 

74 

52 

81 

71 

80 

82 

88 

71 

78 

81 

66 

68 

82 

88 

84 

50 

80 

80 

83 

85 

74 

68 

52 

over 1-quartor spam] 

66.7 

833 

33.3 

100.0 

83.3 

54.5 

40.9 

43.2 

88.6 

90.9 

75.0 

20.5 

79.5 

59.1 

72.7 

75.0 

68.2 

72.7 

81.8 

68.2 

40.9 

52.3 

90.9 

50.0 

77.3 

79.5 

81.8 

90.9 

15.9 

72.7 

72.7 

81.8 

63.6 

45.5 

40.9 

22.7 

66.7 

500 

50.0 

100.0 

50.0 

40.9 

45.5 

34.1 

81.8 

72.7 

47.7 

61.4 

90.9 

50.0 

54.5 

59.1 

72.7 

52.3 

47.7 

59.1 

47.7 

54.5 

68.2 

50.0 

61.4 

77.3 

75.0 

56.8 

50.0 

68.2 

75.0 

77.3 

63.6 

36.4 

54.5 

27.3 

' orders, manufadurinf—actual <$* 

over 4-quarter spans] 

76 

78 

62 

76 

54 

84 

76 

67 

50 

84 

65 

62 

77 

74 

84 

84 

88 

72 

78 

80 

64 

70 

84 

90 

82 

54 

80 

83 

86 

81 

63 

70 

50 

80 

68 

70 

72 

56 

82 

77 

62 

79 

60 

72 

76 

76 

83 

88 

84 

69 

79 

76 

60 

70 

86 

88 

74 

64 

78 

82 

86 

73 

60 

62 

52 

50.0 

833 

50.0 

83.3 

66.7 

79.5 

34.1 

52.3 

79.5 

65.9 

47.7 

63.6 

63.6 

52.3 

77.3 

47.7 

54.5 

61.4 

72.7 

59.1 

54.5 

70.5 

36.4 

45.5 

65.9 

90.9 

77.3 

50.0 

56.8 

72.7 

63.6 

75.0 

47.7 

40.9 

59.1 

50.0 

58 

86 

68 

58 

66 

84 

72 

53 

68 

74 

52 

75 

72 

74 

82 

86 

82 

72 

80 

72 

55 

74 

84 

86 

59 

71 

78 

82 

86 

78 

60 

62 

56 

Averafe 

708 

37.5 

87.5 

62.5 

56.2 

46.6 

47.2 

74.4 

77.8 

56.2 

48.3 

79.0 

60.8 

62.5 

59.1 

63.0 

60.8 

64.2 

60.2 

48.3 

60.8 

71.6 

51.2 

60.2 

81.2 

79.0 

69.9 

36.4 

69.3 

70.4 

79.0 

56.8 

44.3 

56.8 

39.8 

Averafe 

78 

76 

71 

56 

82 

77 

56 

80 

63 

65 

76 

74 

82 

85 

86 

71 

79 

77 

61 

70 

84 

88 

75 

60 

79 

82 

85 

79 

64 

66 

52 

See footnotes at end of this part. 163 

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
1947.. 

1948.. 

1949 

1950 

1951 

1952 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982.. 

971. Diffusion index of new orders, manufacturing—anticipated 4 ? 

[Percent rising over 4-quarter spans] Average 

1947.. 

1948.. 

1949.. 

1950.. 

1951... 

1952.. 

1953.. 

1954 „ 

1955.. 

1956.. 

1957.. 

1958.. 

1959... 

I960.. 

1961... 

1962.. 

1963.. 

1964.. 

1965... 

1966.. 

1967... 

1968.. 

1969.. 

1970.. 

1971.. 

1972.. 

1973.. 

1974.. 

1975.. 

1976.. 

1977.. 

1978.. 

1979.. 

1980.. 

1981.. 

1982.. 

1947.. 

1948.. 

1949.. 

1950.. 

1951.. 

1952.. 

1953.. 

1954.. 

1955.. 

1956.. 

1957.. 

1958.. 

1959.. 

I960.. 

1961.. 

1962.. 

1963.. 

1964.. 

1965.. 

1966.. 

1967.. 

1968.. 

1969.. 

1970.. 

1971.. 

1972.. 

1973.. 

1974.. 

1975.. 

1976.. 

1977.. 

1978.. 

1979.. 

1980.. 

1981.. 

1982.. 

65 

82 

70 

74 

64 

72 

79 

76 

71 

82 

72 

75 

83 

66 

77 

67 

83 

69 

82 

76 

76 

82 

72 

82 

80 

82 

80 

66 

74 

60 

76 

58 

82 

81 

67 

82 

76 

82 

82 

83 

85 

71 

78 

86 

90 

80 

59 

84 

86 

83 

84 

75 

74 

68 

76 

68 

61 

82 

76 

77 

82 

76 

84 

82 

83 

74 

85 

57 

76 

64 

52 

84 

72 

72 

72 

65 

85 

75 

71 

72 

82 

70 

76 

74 

78 

83 

85 

84 

81 

81 

80 

74 

81 

73 

86 

84 

86 

72 

62 

76 

60 

972. Diffusion index of net profits, manufacturing and trade—anticipated ( 

[Percent rising over 4-quarter spans] 

50 

74 

54 

56 

56 

66 

75 

68 

60 

72 

50 

67 

74 

48 

72 

73 

60 

78 

84 

75 

74 

78 

70 

71 

76 

82 

80 

68 

76 

78 

79 

78 

66 

70 

61 

74 

72 

69 

52 

77 

75 

64 

79 

72 

79 

66 

74 

82 

85 

74 

58 

80 

80 

82 

82 

73 

69 

66 

76 

71 

63 

54 

78 

74 

74 

78 

72 

82 

83 

84 

76 

78 

77 

70 

80 

84 

84 

79 

66 

84 

84 

84 

80 

59 

74 

66 

36 

78 

58 

49 

64 

60 

78 

70 

64 

62 

79 

66 

73 

71 

76 

81 

84 

82 

76 

73 

76 

66 

78 

83 

67 

82 

82 

83 

70 

61 

72 

60 

973. lex of net sales, manufacturinf and trade—anticipated <S>' 

[Percent rising over 4-quarter spans] 

74 

80 

70 

' 62 

80 

78 

73 

82 

76 

72 

80 

75 

82 

81 

82 

82 

74 

68 

85 

84 

85 

79 

65 

75 

63 

Average 

64 

70 

50 

74 

72 

66 

76 

72 

68 

76 

72 

80 

83 

84 

75 

76 

78 

68 

76 

81 

83 

78 

81 

82 

78 

65 

71 

63 

Average 

58 

86 

68 

75 

65 

72 

82 

77 

84 

80 

68 

86 

72 

82 

85 

88 

80 

82 

86 

74 

78 

83 

88 

86 

75 

82 

82 

86 

85 

72 

78 

65 

67 

85 

70 

57 

82 

81 

79 

58 

87 

84 

66 

84 

82 

86 

87 

90 

82 

86 

88 

73 

80 

88 

90 

78 

62 

84 

86 

87 

88 

80 

76 

70 

74 

82 

68 

62 

84 

79 

72 

61 

86 

81 

82 

86 

78 

86 

88 

90 

82 

86 

86 

78 

86 

90 

90 

86 

73 

90 

90 

92 

84 

63 

80 

72 

86 

71 

73 

74 

63 

86 

78 

74 

72 

86 

72 

82 

78 

80 

86 

89 

86 

82 

84 

83 

76 

84 

88 

88 

82 

74 

87 

86 

90 

78 

67 

80 

65 

71 

81 

70 

62 

81 

80 

76 

86 

79 

74 

84 

78 

85 

87 

88 

82 

84 

86 

75 

82 

87 

89 

83 

71 

86 

86 

89 

84 

70 

78 

68 

1947.. 

1948.. 

1949.. 

1950.. 

1951.. 

1952.. 

1953.. 

1954.. 

1955.. 

1956.. 

1957.. 

1958.. 

972. Diffusion index of net profits, manufacturing and trade-actual ® ' 

[Percent rising over 4-quarter spans] 

1959... 

1960... 

1961... 

1962... 

1963... 

1964... 

1965... 

1966... 

1967... 

1968... 

1969... 

1970... 

1971... 

1972... 

1973... 

1974.. 

1975.. 

1976.. 

1977.. 

1978.. 

1979.. 

1980.. 

1981.. 

1982.. 

1947... 

1948... 

1949 

1950 

1951 

1952 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1968 

1969... 

1970.. 

1971... 

1972.. 

1973.. 

1974.. 

1975.. 

1976.. 

1977.. 

1978.. 

1979.. 

1980.. 

1981.. 

1982.. 

1947... 

1948... 

1949... 

1950... 

1951... 

1952... 

1953... 

1954... 

1955... 

1956... 

1957... 

1958... 

1959... 

1960... 

1961... 

1962... 

1963... 

1964... 

1965... 

1966... 

1967... 

1968... 

1969... 

1970... 

1971... 

1972... 

1973.. 

1974... 

1975... 

1976.. 

1977.. 

1978.. 

1979.. 

1980.. 

1981.. 

1982.. 

973. Diffusion index of net sales, manufacturing and trade-actual ® » 

[Percent rising over 4-quarter spans] 

54 

82 

38 

60 

49 

71 

72 

59 

38 

74 

68 

48 

73 

64 

74 

78 

82 

65 

70 

70 

61 

63 

74 

78 

74 

52 

76 

71 

73 

78 

62 

60 

53 

62 

69 

45 

64 

52 

74 

70 

58 

42 

78 

58 

52 

72 

68 

78 

80 

82 

65 

73 

74 

56 

64 

76 

79 

76 

53 

74 

74 

76 

74 

54 

66 

52 

78 

57 

48 

56 

52 

76 

69 

51 

76 

52 

62 

70 

70 

79 

80 

78 

64 

72 

68 

55 

66 

79 

76 

71 

58 

72 

74 

78 

70 

57 

60 

52 

81 

50 

54 

62 

78 

66 

46 

60 

72 

50 

68 

68 

70 

79 

83 

76 

69 

74 

66 

56 

70 

80 

76 

63 

66 

74 

76 

78 

72 

56 

60 

54 

69 

64 

58 

54 

75 

69 

48 

75 

57 

58 

71 

68 

78 

80 

80 

66 

72 

70 

57 

66 

77 

77 

71 

57 

74 

74 

76 

74 

57 

62 

53 

39 

60 

90 

54 

72 

50 

76 

80 

64 

40 

82 

72 

49 

80 

71 

80 

82 

88 

71 

79 

80 

70 

70 

82 

86 

82 

57 

82 

80 

84 

87 

73 

70 

63 

43 

69 

79 

60 

74 

50 

84 

78 

67 

46 

87 

63 

58 

78 

74 

83 

84 

88 

70 

82 

84 

66 

72 

82 

89 

84 

58 

81 

81 

86 

84 

62 

74 

58 

40 

88 

67 

67 

71 

53 

82 

78 

58 

82 

58 

70 

78 

76 

84 

87 

85 

72 

82 

78 

64 

74 

85 

86 

80 

66 

80 

84 

88 

82 

68 

71 

57 

47 

88 

68 

61 

64 

84 

74 

52 

68 

78 

52 

72 

76 

75 

84 

86 

82 

74 

84 

76 

62 

76 

86 

85 

70 

70 

80 

85 

88 

82 

66 

68 

60 

42 

76 

76 

70 

54 

82 

78 

53 

82 

61 

62 

78 

74 

83 

85 

86 

72 

82 

80 

66 

73 

84 

86 

79 

63 

81 

82 

86 

84 

67 

71 

60 

974. Diffusion index of number of employees, manufacturing and trade—actual ® • 

[Percent rising over 4-quarter spans] Average 

44 

50 

64 

55 

56 

48 

54 

58 

54 

40 

56 

56 

47 

56 

54 

55 

60 

65 

58 

57 

59 

54 

48 

56 

63 

58 

44 

57 

60 

62 

62 

58 

51 

48 

44 

56 

62 

56 

58 

46 

56 

57 

53 

44 

60 

54 

50 

55 

56 

58 

61 

66 

58 

60 

60 

54 

52 

58 

62 

59 

44 

58 

59 

64 

60 

54 

53 

46 

44 

64 

58 

58 

58 

49 

58 

58 

48 

59 

52 

54 

56 

55 

59 

64 

63 

58 

58 

58 

51 

53 

62 

60 

56 

48 

58 

61 

64 

60 

53 

52 

46 

48 

64 

58 

51 

52 

60 

57 

49 

49 

58 

50 

53 

55 

56 

60 

64 

62 

58 

60 

58 

50 

55 

60 

60 

49 

52 

58 

62 

63 

58 

51 

52 

46 

45 

58 

60 

56 

49 

57 

58 

45 

58 

53 

51 

56 

55 

58 

62 

64 

58 

59 

59 

52 

52 

59 

61 

56 

47 

58 

60 

63 

60 

54 

52 

46 

164 

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
1947 

1948 

1949 

1950 

1951 

195? 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

I960 

1961 

196? 

1963 

1964 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

197? 

1973 

1974 

1975 

1976 

1977 

1978 

19/9 

1980 

1981 

198? 

1947 

1948 

1949 

1950 

1951 

1952 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

19/2 

1973 

1974 

1975 

19/6 

19// 

1978 

1979 

1980 

1981 

1982 

1947 

1948 

1949 

1950 

1951 

195? 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

I960.., 

1961... 

196?... 

1963. 

1964 

1965, 

1966 

196/ 

1968 

1969, 

1970 

19/1 

197? 

1973 

19/4 

1975 

19/6. 

19// 

19/8 

19/9... 

1980... 

1981... 

198?. 

V e" IQ 

Quarterly 

IIQ III Q 

974. Diffusion index of number of employees, manufacturing and trade 

[Percent rising 

50 

62 

54 

57 

53 

54 

57 

56 

54 

56 

52 

56 

54 

55 

58 

62 

60 

60 

60 

58 

55 

58 

60 

61 

53 

56 

59 

59 

60 

54 

56 

50 

over 4-quarter spans] 

52 

62 

56 

46 

56 

56 

56 

50 

56 

56 

52 

56 

55 

56 

58 

63 

60 

60 

60 

56 

58 

60 

63 

56 

48 

60 

60 

60 

60 

56 

54 

51 

54 

62 

54 

50 

56 

56 

53 

50 

56 

56 

54 

57 

54 

57 

59 

63 

60 

58 

60 

56 

58 

61 

62 

60 

54 

62 

61 

62 

58 

48 

56 

51 

975. Diffusion index of level of inventories, manufacturing and trade— 

[Percent rising 

38 

66 

54 

52 

50 

50 

60 

60 

57 

60 

52 

60 

56 

60 

64 

66 

65 

63 

66 

62 

60 

61 

69 

70 

64 

60 

65 

67 

70 

62 

63 

54 

over 4-quarter spans] 

42 

65 

47 

46 

58 

61 

59 

48 

62 

60 

53 

63 

60 

63 

64 

68 

66 

66 

68 

61 

62 

66 

72 

67 

54 

64 

68 

70 

74 

70 

61 

56 

976. Diffusion index of selng prices, manufacturing-

[Percent rising 

34 

90 

62 

56 

50 

66 

69 

58 

62 

56 

57 

53 

57 

58 

65 

74 

74 

75 

79 

76 

68 

73 

86 

86 

75 

78 

82 

86 

87 

88 

80 

over 4-quarter spans] 

46 

88 

58 

50 

54 

70 

67 

55 

60 

62 

55 

56 

54 

58 

60 

68 

72 

76 

79 

76 

76 

72 

80 

89 

76 

78 

81 

84 

88 

90 

90 

76 

50 

69 

47 

48 

57 

61 

54 

48 

63 

58 

57 

62 

58 

63 

64 

69 

63 

67 

66 

64 

65 

66 

72 

72 

50 

70 

72 

73 

71 

53 

66 

56 

IV Q 

-anticipated®' 

46 

59 

57 

56 

54 

48 

58 

56 

54 

51 

57 

52 

54 

54 

55 

58 

59 

62 

60 

60 

59 

54 

56 

60 

60 

58 

54 

60 

59 

62 

56 

50 

55 

48 

-anticipated®' 

32 

57 

56 

45 

54 

47 

62 

58 

56 

52 

62 

54 

56 

58 

60 

63 

66 

69 

62 

66 

66 

58 

65 

66 

70 

72 

54 

68 

70 

74 

68 

56 

64 

50 

anticipated®1 

46 

82 

50 

46 

55 

66 

64 

52 

60 

58 

56 

56 

56 

58 

61 

72 

68 

75 

78 

78 

75 

72 

83 

92 

68 

80 

86 

8/ 

88 

83 

89 

68 

28 

66 

70 

50 

58 

48 

60 

66 

62 

54 

64 

56 

54 

52 

56 

57 

62 

68 

70 

76 

80 

75 

75 

70 

82 

90 

74 

80 

82 

87 

86 

86 

84 

66 

Annual 

Average 

54 

61 

55 

49 

56 

56 

55 

56 

55 

53 

56 

54 

56 

58 

62 

60 

60 

60 

56 

57 

60 

61 

59 

52 

60 

60 

61 

58 

52 

55 

50 

Average 

47 

64 

48 

48 

57 

60 

57 

61 

58 

54 

61 

58 

62 

64 

68 

64 

66 

66 

61 

63 

65 

71 

70 

56 

66 

69 

71 

71 

60 

64 

54 

Average 

48 

82 

55 

55 

67 

66 

60 

60 

55 

55 

55 

58 

60 

68 

71 

75 

78 

77 

76 

70 

80 

89 

76 

78 

82 

85 

87 

86 

88 

72 

) 

1947.... 

1948.... 

1949 

1950 

1951 

1952 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

1947... 

1948 

1949... 

1950... 

1951... 

1952... 

1953... 

1954... 

1955... 

1956... 

1957... 

1958... 

1959... 

1960... 

1961... 

1962... 

1963... 

1964... 

1965... 

1966... 

1967... 

1968... 

1969... 

1970... 

1971... 

1972... 

1973... 

1974... 

1975... 

1976... 

1977... 

1978... 

1979... 

1980... 

1981... 

1982... 

1947... 

1948... 

1949... 

1950... 

1951... 

1952... 

1953... 

1954... 

1955... 

1956... 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973... 

1974... 

1975... 

1976... 

1977... 

1978... 

1979... 

1980... 

1981... 

1982... 

fMr

 IQ 

Quarterly 

IIQ III Q IV Q 

975. Diffusion index of level of inventories, manufacturing and trade—actual®' 

[Percent rising < 

47 

48 

84 

54 

53 

51 

54 

68 

63 

43 

62 

66 

50 

64 

60 

64 

68 

74 

68 

68 

71 

66 

62 

64 

73 

78 

58 

62 

74 

76 

80 

67 

62 

58 

over 4-quarter spans] 

44 

53 

80 

48 

60 

48 

62 

68 

59 

46 

68 

60 

50 

62 

62 

66 

71 

74 

66 

68 

70 

61 

62 

66 

76 

79 

52 

65 

72 

76 

76 

61 

64 

52 

976. Diffusion index of sefng prices, manuficturini 

[Percent rising 

41 

92 

50 

53 

44 

50 

70 

70 

52 

58 

58 

52 

54 

50 

56 

58 

70 

70 

74 

82 

80 

74 

70 

82 

92 

81 

80 

86 

87 

92 

90 

88 

72 

over 4-quarter spam] 

52 

86 

46 

58 

44 

56 

68 

64 

52 

60 * 

55 

50 

53 

54 

54 

61 

72 

70 

76 

80 

80 

76 

72 

84 

96 

78 

82 

86 

88 

93 

88 

86 

68 

37 

68 

72 

50 

58 

47 

62 

68 

48 

64 

56 

56 

62 

62 

67 

72 

73 

65 

70 

70 

62 

62 

72 

75 

78 

56 

68 

74 

76 

73 

64 

62 

52 

!—adual®' 

82 

73 

52 

60 

47 

64 

72 

53 

60 

54 

54 

54 

55 

56 

64 

78 

72 

78 

82 

78 

68 

72 

86 

94 

78 

80 

87 

90 

92 

90 

84 

63 

977. Diffusion index of selng prices, wholesale trade-actual®' 

[Percent rising 

44 

94 

48 

48 

46 

53 

71 

74 

54 

62 

57 

51 

55 

52 

60 

63 

78 

74 

81 

85 

87 

85 

80 

90 

96 

80 

84 

87 

89 

96 

92 

90 

72 

over 4-quarter spans] 

61 

85 

42 

58 

43 

60 

68 

71 

54 

64 

56 

51 

52 

56 

56 

60 

76 

74 

82 

85 

85 

86 

81 

89 

96 

79 

80 

86 

92 

95 

90 

88 

67 

90 

78 

58 

60 

48 

69 

79 

59 

65 

54 

54 

50 

60 

58 

68 

82 

80 

82 

86 

86 

73 

82 

92 

94 

81 

80 

88 

93 

95 

92 

84 

68 

39 

78 

58 

52 

50 

65 

65 

53 

50 

62 

54 

56 

61 

63 

65 

73 

74 

64 

70 

68 

58 

60 

71 

76 

69 

57 

69 

75 

78 

75 

60 

63 

52 

32 

92 

63 

51 

48 

68 

74 

60 

56 

58 

52 

52 

53 

55 

56 

65 

76 

73 

80 

82 

75 

70 

74 

90 

89 

78 

82 

87 

91 

94 

90 

82 

60 

29 

94 

68 

50 

50 

70 

78 

66 

62 

64 

52 

54 

54 

58 

60 

70 

78 

82 

85 

85 

84 

74 

80 

96 

91 

81 

88 

90 

94 

96 

90 

82 

61 

Annual 

Average 

42 

62 

74 

56 

49 

61 

67 

47 

64 

59 

53 

62 

62 

66 

71 

74 

66 

69 

70 

62 

62 

68 

75 

76 

56 

66 

74 

76 

76 

63 

63 

54 

Average 

67 

78 

56 

46 

60 

71 

53 

59 

55 

52 

54 

54 

56 

62 

74 

71 

77 

82 

78 

72 

72 

86 

93 

79 

81 

86 

89 

93 

90 

85 

66 

Average 

72 

81 

54 

47 

63 

74 

57 

64 

55 

52 

53 

56 

58 

65 

78 

78 

82 

85 

86 

80 

81 

92 

94 

80 

83 

88 

92 

96 

91 

86 

67 

See footnotes at end of this part. 165 

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Year 

Quarterly 

IQ IIQ iVQ Annual Year 

977. 

1947 

1948 

1949 

1950 

1951 

1952 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

978. 

1947 

1948 

1949 

1950 

1951 

1952 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1975 

1976 

1977 

1978 

1979 

1980 

1981 

1982 

index of sdjhg prices, wholesale trade—anticipated®' 

[Percent risinf over 4-quarter spans] 

30 

92 

68 

56 

53 

51 

71 

72 

44 

90 

56 

48 

84 

50 

62 

65 

55 

59 

52 

61 

62 

68 

76 

78 

79 

77 

87 

80 

80 

84 

88 

90 

90 

82 

54 

70 

74 

62 

66 

68 

55 

58 

55 

60 

62 

72 

73 

82 

82 

78 

86 

94 

74 

82 

86 

90 

90 

92 

56 

68 

66 

54 

64 

60 

56 

59 

55 

59 

64 

76 

82 

82 

70 

82 

86 

87 

92 

87 

index of seBng prices, retai trade—anticipated (^' 

[Percent riant o w 4-quarter spans] 

24 

90 

63 

55 

50 

48 

66 

69 

35 

94 

52 

42 

88 

44 

58 

62 

55 

57 

52 

58 

58 

63 

76 

81 

84 

67 

76 

87 

88 

81 

86 

90 

90 

90 

90 

82 

48 

67 

66 

55 

62 

60 

55 

57 

54 

60 

59 

70 

76 

84 

84 

74 

85 

75 

82 

92 

93 

53 

66 

60 

52 

62 

56 

55 

55 

54 

57 

60 

76 

72 

86 

84 

81 

72 

84 

89 

92 

92 

84 

92 

76 

22 

73 

60 

50 

56 

48 

64 

68 

70 

59 

69 

56 

56 

54 

54 

58 

60 

72 

74 

78 

82 

74 

84 

91 

76 

84 

84 

90 

90 

88 

84 

68 

12 

65 

64 

45 

52 

42 

55 

66 

64 

52 

66 

57 

52 

55 

57 

57 

62 

75 

78 

87 

74 

83 

93 

79 

86 

88 

92 

90 

90 

87 

72 

49 

82 

56 

49 

56 

65 

62 

56 

58 

54 

60 

62 

72 

73 

79 

80 

80 

82 

76 

84 

91 

77 

82 

84 

88 

90 

Averafe 

42 

84 

51 

51 

66 

65 

62 

59 

54 

56 

54 

58 

60 

71 

76 

84 

84 

72 

83 

90 

78 

83 

87 

90 

91 

89 

90 

78 

NQ 

Quarterly 

IVQ 

978. Diffusion index of seine prices, ratal trade-actual®1 

[Percent nsinf over 4-quarter spans] 

1947... 

1948... 

1949... 

1950... 

1951... 

1952... 

1953... 

1954... 

1955... 

1956... 

1957... 

1958... 

1959... 

1960... 

1961... 

1962... 

1963... 

1964... 

1965... 

1966.. 

1967... 

1968.. 

1969.. 

1970.. 

1971... 

1972.. 

1973.. 

1974.. 

1975.. 

1976.. 

1977.. 

1978.. 

1979.. 

1980.. 

1981.. 

1982.. 

Average 

38 

94 

44 

53 

44 

64 

54 

62 

54 

52 

55 

52 

56 

62 

78 

74 

88 

91 

86 

86 

73 

90 

92 

80 

86 

90 

91 

94 

92 

94 

78 

49 

82 

43 

52 

42 

55 

66 

64 

52 

65 

58 

50 

52 

54 

56 

61 

78 

80 

88 

90 

86 

84 

78 

87 

97 

84 

86 

86 

94 

95 

91 

90 

75 

85 

76 

52 

56 

44 

66 

72 

58 

62 

56 

57 

54 

58 

60 

67 

84 

84 

88 

90 

85 

73 

79 

93 

% 

86 

92 

92 

94 

94 

94 

86 

74 

23 

95 

64 

67 

79 

50 

52 

64 

70 

58 

59 

59 

54 

54 

54 

61 

58 

70 

80 

87 

92 

89 

86 

74 

81 

93 

92 

88 

86 

92 

93 

96 

90 

86 

68 

53 

46 

56 

62 

56 

53 

54 

56 

58 

90 

86 

79 

78 

91 

94 

90 

93 

95 

92 

Footnotes to Historical Data Tables 

* Year-to-year differences or percent changes are computed from annual data, 

t Annual figures are computed from annual data for series 200 and 564. 

1

 This is a copyrighted series used by permission; it may not be reproduced without written permission from McGraw-Hill Information 

Systems Company, F.W. Dodge Division. Data from the source are shown in square feet. Data shown in metric units have been converted 

by the Bureau of Economic Analysis. 

2

 For data from June 1981 to the present, this is a copyrighted series used by permission; it may not be reproduced without written 

permission from Commodity Research Bureau, Inc. 

3

 This series is a 4-term moving average (weighted 1,2,2,1) placed on the terminal month of the span. 

4

 Percent changes are centered within the spans: 1-month changes are placed on the 2d month, 3-month changes on the 3d month, 

and 6-month changes on the 4th month of the span. Quarterly and annual figures are averages of the centered changes. 

5

 Data are converted to a 1967 base by the Bureau of Economic Analysis to facilitate comparisons with the foreign stock price indexes. 

6

 This diffusion index is based on 82 component industries from 1948 through February 1963. The number of components then declines 

gradually to 49 by October 1982. 

7

 Percent changes are centered on the 3d quarter of the span. Annual figures are averages of the centered changes. 

8

 This is a copyrighted series used by permission; it may not be reproduced without written permission from Dun & Bradstreet, Inc. 

166 

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
IV. REFERENCE MATERIALS 

Table 7. Cyclical Indicators: Series Scores 

The cyclical indicators scoring system applied by BEA evaluates economic time series 

according to seven criteria: timing, conformity, smoothness, currency, statistical adequacy, economic significance, and revisions. (The revisions criterion has been added 

since the 1977 edition of the Handbook, where it was an element of the statistical 

adequacy criterion.) The system uses a detailed weighting scheme to combine numerical 

scores for each of these criteria to derive three total scores: one for peaks, one for 

troughs, and one for all turns. The scores shown in table 7 cover the seven pairs of 

business cycle peaks and troughs between 1948 and 1980. For an explanation of the 

principles upon which the scoring system is based, see "Cyclical Indicators: An Evaluation 

and New Leading Indexes" by Victor Zarnowitz and Charlotte Boschan (Business Conditions Digest, May 1975, and Handbook of Cyclical Indicators, 1977). 

Table 8. Cyclical Indicators: Average Timing at Peaks, Troughs, and All Turns 

The cyclical indicators approach emphasizes the identification of certain economic 

time series as tending to lead, coincide with, or lag behind broad movements in aggregate 

economic activity. Measures of the length and consistency of leads and lags—medians, 

means, and standard deviations—are thus significant elements in analyzing the performance 

of time series. The measures shown in table 8 cover the seven pairs of business cycle 

peaks and troughs between 1948 and 1980. Minus (—) signs indicate leads in relation to 

business cycle turning points; plus (+ ) signs indicate lags. The median is the middle value 

in an odd-numbered array and the average of the two middle values in an even-numbered 

array. All measures shown are in months; the leads and lags for quarterly series are 

measured from the middle month of the quarter. 

Tables 9A and 9B. Measures of Variability: Monthly Series and Quarterly Series 

Smoothness is one of the criteria in the cyclical indicators scoring system because, 

other things being equal, a smooth series is easier to use in analyzing and forecasting 

economic conditions than an erratic one. These tables—9A for monthly series and 9B for 

quarterly series—show several measures of variability. These measures, computed by 

the X-l l and X-11Q Variants of the Census Method II Seasonal Adjustment Program, are 

defined below in the order in which they appear in the tables. (For more detail, see 

Electronic Computers and Business Indicators, by Julius Shiskin, issued as Occasional 

Paper 57 by the National Bureau of Economic Research, 1957—reprinted from the 

Journal of Business, October 1957.) 

CI is the average change, without regard to sign, between consecutive values in a 

seasonally adjusted time series. Average monthly changes are shown in table 9A; average 

quarterly changes in table 9B. Average percentage changes are shown in part I of each 

table; average actual changes (differences) in part II. 

I is the average change, without regard to sign, between consecutive values in the 

irregular component, which is obtained by removing the cyclical component (C) from the 

seasonally adjusted series (CI). In the multiplicative measures (part I), the cyclical component is divided into the seasonally adjusted series to derive the irregular component. In 

the additive measures (part II), the cyclical component is subtracted from the seasonally 

adjusted series. 

Digitized for FRASER 

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Federal Reserve Bank of St. Louis
C is the average change, without regard to sign, between consecutive values in the 

cyclical component, which is a smooth, flexible moving average of the seasonally adjusted 

series. 

I/C is a measure of the relative smoothness (small values) or irregularity (large values) 

of the seasonally adjusted series. It is shown_for 1-month or 1-quarter spans and for 

spans equal to MCD or QCD. When MCD is 6, no l/C ratio is shown for the MCD span. 

MCD (months for cyclical dominance) and QCD (quarters for cyclical dominance) provide an estimate of the appropriate span over which to observe cyclical movements in a 

time series. They are small for smooth series and larger for more erratic series. To derive 

these measures, changes over various spans are computed for the cyclical component 

and the irregular component. For monthly series (table 9A), the changes are computed 

over spans of from 1 to 12 months; for quarterly series (table 9B), the changes are 

computed over spans of from 1 to 4 quarters. For those series in part I of each table, 

percentage changes are computed; for those in part II, actual changes (differences) are 

computed. Next, averages, without regard to sign, are computed for the changes over 

each span. For monthly series, MCD is the shortest span in months for which the average 

change, without regard to sign, in the cyclical component is larger than the average 

change, without regard to sign, in the irregular component and remains so. For quarterly 

series, QCD is determined similarly using average quarterly changes. Thus, MCD and QCD 

indicate the point at which fluctuations in a seasonally adjusted series become dominated 

by cyclical rather than irregular movements. All MCD's greater than 5 are shown as 6. 

Average duration of run (ADR) is the average number of consecutive changes in the 

same direction in a series of observations. If there is no change between two values in a 

series, a change in the same direction as the preceding change is assumed. ADR is shown 

for the seasonally adjusted series (CI), the irregular component (I), the cyclical component (C), and the MCD or QCD curve, which is a moving average (with the number of terms 

equal to MCD or QCD) of the seasonally adjusted series. 

Table 10. U.S. Business Cycles: Reference Dates and Duration 

Business cycle reference dates, which are used in BCD, mark the approximate dates 

when, according to the National Bureau of Economic Research, aggregate economic 

activity reached its cyclical high or low levels. 

168 The Handbook of Cyclical Indicators 

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Table 7. Cyclical Indicators: Series Scores 

Timing Total 

Series title 

Peaks Troughs 

(1) (2) 

A. COMPOSITE INDEXES 

910. Twelve leading indicators 76 94 

920. Four roughly coincident indicators 96 97 

930. Six lagging indicators 94 82 

940. Ratio, coincident index to lagging index 68 92 

Leading Indicator Subgroups: 

913. Marginal employment adjustments 79 94 

914. Capital investment commitments 73 96 

915. Inventory investment and purchasing 32 84 

916. Profitability 56 88 

917. Money and financial flows 75 83 

All turns Conformity 

(3) (4) 

Smoothness 

(5) 

Currency 

(6) 

Statistical Economic 

adequacy significance 

(7) (8) 

Revisions 

(9) 

Peaks 

(10) 

Troughs 

(11) 

All turns 

(12) 

100 

92 

82 

79 

72 

86 

86 

71 

69 

69 

69 

77 

70 

100 

100 

100 

100 

100 

100 

77 

77 

73 

74 

86 

70 

70 

90 

90 

90 

90 

80 

80 

80 

0 

20 

0 

0 

80 

0 

20 

20 

0 

73 

82 

79 

79 

67 

61 

63 

73 

77 

82 

76 

74 

83 

73 

74 

71 

75 

78 

71 

74 

68 

76 

B. CYCLICAL INDICATORS BY ECONOMIC PROCESS 

Bl. Employment and unemployment 

Marginal Employment Adjustments: 

* 1 . Average weekly hours of production or nonsupervisory workers, mfg 74 

21. Average weekly overtime hours of production or nonsupervisory 

workers, mfg 63 

*5. Average weekly initial claims for unemployment insurance, 

State programs (inverted1) 76 

Job Vacancies: 

60. Ratio, help-wanted advertising in newspapers to persons unemployed 78 

46. Index of help-wanted advertising in newspapers 75 

Comprehensive Employment: 

48. Employee hours in nonagricultural establishments 9 

42. Number of persons engaged in nonagricultural activities 11 

*41. Employees on nonagricultural payrolls 79 

40. Employees on nonagricultural payrolls, goods-producing industries 42 

90. Ratio, civilian employment to population of working age 6 

Comprehensive Unemployment: 

37. Number of persons unemployed (inverted1) 79 

43. Unemployment rate (inverted1) 80 

45. Average weekly insured unemployment rate, State programs 

(inverted1) 33 

*91. Average duration of unemployment in weeks (inverted1) 74 

44. Unemployment rate, persons unemployed 15 weeks and 

over (inverted1) 91 

B2. Production and Income 

Comprehensive Output and Income: 

50. Gross national product in 1972 dollars 96 

52. Personal income in 1972 dollars 93 

*51. Personal income less transfer payments in 1972 dollars 98 

53. Wages and salaries in 1972 dollars, mining, mfg., and construction 67 

Industrial Production: 

*47. Index of industrial production 17 

73. Index of industrial production, durable manufactures 41 

74. Index of industrial production, nondurable manufactures 72 

49. Value of goods output in 1972 dollars 96 

Capacity Utilization: 

83. Capacity utilization rate, mfg 41 

82. Capacity utilization rate, manufacturers 73 

84. Capacity utilization rate, materials 74 

78 

86 

78 

80 

97 

92 

90 

83 

87 

90 

91 

78 

81 

92 

84 

96 

96 

84 

81 

84 

84 

89 

86 

86 

83 

78 

82 

84 

74 

93 

100 

79 

96 

100 

60 

60 

60 

100 

100 

100 

100 

60 

100 

80 

80 

80 

84 

79 

56 

47 

84 

64 

84 

84 

64 

64 

64 

84 

64 

70 

60 

80 

70 

70 

90 

90 

90 

90 

90 

80 

90 

80 

80 

80 

80 

80 

40 

100 

60 

60 

100 

100 

100 

80 

100 

100 

74 

71 

79 

77 

75 

61 

64 

82 

72 

60 

83 

84 

71 

82 

85 

77 

76 

79 

77 

78 

78 

81 

87 

84 

81 

84 

86 

85 

86 

83 

75 

72 

77 

77 

77 

82 

82 

87 

85 

79 

83 

85 

83 

86 

85 

89 

90 

81 

79 

100 

92 

65 

97 

82 

96 

89 

100 

100 

100 

95 

95 

96 

85 

100 

61 

76 

82 

83 

80 

83 

86 

87 

84 

78 

78 

17 

71 

72 

80 

100 

100 

100 

100 

100 

100 

80 

60 

80 

80 

20 

80 

80 

80 

80 

80 

80 

20 

20 

20 

20 

85 

62 

72 

87 

77 

77 

77 

87 

76 

67 

52 

100 

90 

90 

80 

90 

80 

80 

80 

80 

80 

70 

60 

20 

20 

60 

40 

40 

40 

60 

100 

60 

60 

80 

78 

81 

79 

64 

68 

75 

77 

54 

67 

64 

78 

77 

77 

82 

85 

81 

74 

77 

64 

73 

67 

81 

80 

82 

86 

84 

82 

79 

78 

59 

68 

66 

B3. Consumption, Trade, Orders, and Oefveries 

Orders and Deliveries: 

6. Manufacturers' new orders in current dollars, durable 

goods industries 30 

7. Manufacturers' new orders in 1972 dollars, durable 

goods industries 62 

*8. Manufacturers' new orders in 1972 dollars, consumer goods 

and materials industries 73 

25. Change in manufacturers' unfilled orders, durable goods 

industries 27 

96. Manufacturers' unfilled orders, durable goods industries 2 

*32. Vendor performance, percent of companies receiving slower 

deliveries ® 74 

Consumption and Trade: 

56. Mfg. and trade sales in current dollars 70 

*57. Mfg. and trade sales in 1972 dollars 19 

75. Index of industrial production, consumer goods 13 

54. Sales of retail stores in current dollars 76 

59. Sales of retail stores in 1972 dollars 13 

55. Personal consumption expenditures, automobiles 10 

58. Index of consumer sentiment <§) 61 

89 

88 

84 

68 

83 

80 

87 

87 

46 

46 

44 

91 

84 

82 

79 

65 

87 

95 

88 

87 

88 

30 

27 

80 

76 

76 

75 

26 

87 

72 

78 

78 

80 

64 

69 

72 

60 

60 

40 

100 

100 

80 

100 

80 

60 

40 

60 

54 

54 

87 

87 

67 

87 

87 

70 

70 

70 

70 

70 

60 

60 

60 

60 

60 

62 

70 

70 

52 

61 

78 

77 

74 

66 

78 

75 

76 

72 

65 

77 

74 

74 

77 

79 

79 

94 

77 

70 

80 

50 

70 

100 

60 

40 

40 

60 

60 

60 

LOO 

73 

57 

59 

77 

57 

46 

72 

75 

74 

78 

69 

65 

55 

80 

79 

74 

78 

80 

61 

51 

77 

B4. Fixed Capital Investment 

Formation of Business Enterprises: 

*12. Index of net business formation 73 

13. Number of new business incorporations 32 

Business Investment Commitments: 

10. Contracts and orders for plant and equipment in current dollars 35 

♦20. Contracts and orders for plant and equipment in 1972 dollars 66 

BCD 1984 

96 

82 

81 

68 

82 

78 

84 

83 

70 

68 

91 

92 

80 

60 

40 

40 

80 

27 

80 

80 

70 

75 

67 

67 

70 

70 

80 

80 

40 

80 

60 

20 

70 

57 

62 

66 

76 

69 

74 

67 

72 

68 

75 

70 

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Table 7. Cyclical Indicators: Series Scores—Continued 

Series title 

Peaks 

U)__ 

B4. Fixed Capital bwestanent-Continwd 

Business Investment Commitments—Continued 

24. Manufacturers' new orders in current dollars, nondefense 

capital goods industries 27 

27. Manufacturers' new orders in 1972 dollars, nondefense 

capital goods industries 27 

9. Construction contracts awarded for commercial and 

industrial buildings* 7 

11. Newly approved capital appropriations, 1,000 mfg. corporations 67 

97. Backlog of capital appropriations, 1,000 mfg. corporations 6 

Business Investment Expenditures: 

61. Expenditures for new plant and equipment by U.S. nonfarm business 70 

69. Manufacturers' machinery and equipment sales and business 

construction expenditures 73 

76. Index of industrial production, business equipment 11 

86. Gross private nonresidential fixed investment in 1972 dollars 91 

87. Gross private nonresidential fixed investment 

in 1972 dollars, structures 8 

88. Gross private nonresidential fixed investment 

in 1972 dollars, producers' durable equipment 72 

Residential Construction Commitments and Investment: 

28. New private housing units started 72 

*29. Index of new private housing units authorized by local 

building permits 73 

89. Gross private residential fixed investment in 1972 dollars 71 

Timing Total 

Troughs 

(2) 

All turns 

(3) 

Conformity 

(4) 

Smoothness Currency 

(5) (6) 

Statistical Economic 

adequacy significance 

(7) (8) 

Revisions 

(9) 

Peaks 

(10) 

Troughs 

(11) 

All turns 

(12) 

93 

93 

56 

72 

81 

65 

82 

92 

91 

81 

91 

79 

79 

31 

79 

64 

89 

89 

93 

100 

78 

96 

85 

85 

78 

82 

72 

60 

68 

82 

72 

67 

67 

60 

40 

20 

60 

100 

' 100 

80 

100 

80 

80 

80 

80 

80 

80 

20 

20 

20 

54 

80 

20 

20 

20 

72 

72 

95 

85 

85 

87 

65 

77 

87 

87 

87 

70 

70 

70 

70 

70 

80 

80 

70 

80 

70 

70 

60 

60 

100 

80 

80 

100 

80 

40 

60 

60 

60 

61 

59 

58 

68 

56 

73 

72 

59 

75 

52 

68 

77 

76 

70 

70 

74 

72 

74 

79 

75 

70 

72 

74 

72 

64 

71 

70 

78 

76 

80 

77 

69 

74 

76 

68 

80 

20 

67 

87 

80 

80 

100 

60 

76 

69 

79 

73 

78 

71 

B5.li 

Inventory Investment: 

30. Change in business inventories in 1972 dollars 58 

*36. Change in mfg. and trade inventories on hand and on order 

in 1972 dollars (smoothed2) 77 

31. Change in mfg. and trade inventories, book value 33 

38. Change in manufacturers' inventories, materials and supplies 

on hand and on order, book value 16 

Inventories on Hand and on Order: 

71. Mfg. and trade inventories, book value 90 

70. Mfg. and trade inventories in 1972 dollars 87 

65. Manufacturers' inventories, finished goods, book value 53 

•77. Ratio, mfg. and trade inventories to sales in 1972 dollars 93 

78. Manufacturers' inventories, materials and supplies on hand 

and on order, book value 9 

73 

39 

84 

59 

96 

92 

49 

80 

71 

83 

62 

66 

100 

0 

100 

100 

100 

60 

100 

54 

54 

54 

54 

54 

54 

67 

72 

72 

67 

87 

70 

80 

70 

71 

55 

70 

56 

73 

61 

77 

76 

70 

73 

75 

76 

60 

70 

79 

77 

68 

70 

B6. Prices, Costs, and Profits 

Sensitive Commodity Prices: 

98. Change in producer prices for 28 sensitive crude and 

intermediate materials 67 

23. Index of spot market prices, raw industrial materials <§> 0 

*99. Change in sensitive materials prices (smoothed2) 34 

Stock Prices: 

•19. Index of stock prices, 500 common stocks ® 41 

Profits and Profit Margins: 

16. Corporate profits after tax in current dollars 2 

18. Corporate profits after tax in 1972 dollars 27 

79. Corporate profits after tax with IVA and CCAdj in current dollars 54 

80. Corporate profits after tax with IVA and CCAdj in 1972 dollars 54 

22. Ratio, profits after tax to total corporate domestic income 27 

81. Ratio, profits after tax with IVA and CCAdj to total 

corporate domestic income 27 

15. Profits after taxes per dollar of sales, mfg. corporations 31 

26. Ratio, implicit price deflator to unit labor cost, nonfarm 

business sector 54 

Cash Flows: 

34. Corporate net cash flow in current dollars 7 

35. Corporate net cash flow in 1972 dollars 27 

Unit Labor Costs and Labor Share: 

63. Index of unit labor cost, business sector 88 

68. Labor cost per unit of real gross domestic product, 

nonfinancial corporations 92 

62. Index of labor cost per unit of output, mfg.—actual data 88 

*62. Index of labor cost per unit of output, mfg.—actual data 

as a percent of trend 90 

64. Compensation of employees as a percent of national income 92 

80 

56 

74 

80 

28 

73 

60 

71 

69 

0 

100 

60 

89 

89 

34 

34 

89 

34 

89 

72 

77 

64 

64 

77 

53 

78 

74 

76 

97 

93 

77 

76 

38 

45 

37 

58 

56 

63 

43 

67 

60 

60 

60 

60 

80 

60 

100 

100 

100 

20 

20 

20 

20 

20 

20 

20 

20 

20 

67 

77 

72 

70 

70 

70 

20 

100 

20 

56 

63 

56 

60 

77 

66 

60 

70 

66 

62 

47 

70 

70 

70 

70 

100 

100 

54 

58 

59 

60 

59 

52 

54 

76 

74 

54 

55 

74 

54 

69 

72 

71 

62 

63 

71 

59 

66 

54 

57 

74 

73 

74 

70 

67 

67 

67 

67 

80 

70 

70 

80 

80 

40 

40 

80 

71 

74 

69 

71 

67 

71 

67 

68 

72 

75 

68 

68 

B7. Money and Credtt 

Money: 

85. Change in money supply Ml 74 

102. Change in money supply M2 67 

104. Change in total liquid assets (smoothed2) 39 

105. Money supply Ml in 1972 dollars 72 

•106. Money supply M2 in 1972 dollars 9 

Velocity of Money: 

107. Ratio, gross national product to money supply Ml 78 

108. Ratio, personal income to money supply M2 71 

80 

80 

78 

77 

67 

11 

65 

80 

80 

89 

80 

54 

71 

77 

52 

52 

61 

58 

29 

63 

71 

0 

0 

100 

100 

100 

80 

80 

100 

80 

27 

80 

80 

20 

80 

100 

85 

100 

100 

85 

85 

81 

80 

80 

20 

80 

80 

60 

60 

71 

65 

61 

80 

58 

70 

75 

73 

69 

70 

81 

72 

53 

73 

73 

69 

73 

82 

69 

68 

76 

170 The Handbook of Cyclical Indicators 

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Table 7. Cyclical Indicators: Series Scores—Continued 

Timing Total 

Series title 

Peaks 

(1) 

57 

29 

71 

72 

71 

Troughs 

(2) 

85 

84 

70 

57 

94 

All turns 

(3) 

80 

75 

77 

75 

88 

Conformity 

(4) 

90 

76 

76 

76 

91 

Smoothness 

(5) 

40 

0 

40 

40 

40 

Currency 

(6) 

54 

80 

54 

80 

20 

Statistical 

adequacy 

(7) 

72 

57 

100 

74 

98 

Economic 

significance 

(8) 

70 

80 

80 

80 

80 

Revisions 

(9) 

40 

60 

100 

60 

80 

Peaks 

(10) 

62 

53 

76 

70 

72 

Troughs 

(11) 

69 

67 

75 

67 

78 

AIL turns 

(12) 

68 

65 

77 

71 

76 

B7. Money and CredH-Continued 

Credit Flows: 

33. Net change in mortgage debt 

112. Net change in business loans 

113. Net change in consumer installment credit 

*111. Change in business and consumer credit outstanding 

110. Funds raised by private nonfinancial borrowers in credit markets 

Credit Difficulties: 

14. Current liabilities of business failures (inverted1) ® 70 66 78 81 0 27 67 70 100 

39. Percent of consumer installment loans delinquent 30 days 

and over (inverted1) 33 78 83 73 60 27 40 60 100 

Bank Reserves: 

93. Free reserves (inverted1) ® 63 

94. Member bank borrowings from the Federal Reserve ® 8 

Interest Rates: 

119. Federal funds rate ® 81 

114. Discount rate on new issues of 91-day Treasury bills <g) 87 

116. Yield on new issues of high-grade corporate bonds ® 85 

115. Yield on long-term Treasury bonds @ 87 

117. Yield on municipal bonds, 20-bond average ® 76 

118. Secondary market yields on FHA mortgages @ 92 

67. Bank rates on short-term business loans (g> 92 

*109. Average prime rate charged by banks <§) 94 

Outstanding Debt: 

66. Consumer installment credit outstanding 29 

72. Commercial and industrial loans outstanding in current dollars 82 

*101. Commercial and industrial loans outstanding in 1972 dollars 91 

*95. Ratio, consumer installment credit outstanding to 

personal income 86 90 95 66 100 

See footnotes at end of this part. 

53 

65 

75 

65 

34 

73 

77 

77 

80 

77 

11 

65 

77 

71 

67 

79 

81 

75 

85 

80 

80 

86 

80 

20 

85 

88 

26 

73 

82 

93 

90 

81 

25 

80 

80 

70 

59 

72 

85 

60 

60 

100 

80 

60 

60 

60 

100 

60 

100 

100 

100 

100 

100 

100 

100 

100 

100 

100 

100 

80 

20 

100 

54 

80 

80 

85 

85 

80 

85 

80 

80 

100 

59 

57 

100 

100 

57 

57 

70 

70 

80 

80 

80 

80 

80 

80 

80 

80 

80 

80 

80 

80 

80 

100 

100 

100 

100 

100 

100 

100 

100 

100 

60 

60 

67 

60 

87 

88 

85 

84 

76 

84 

74 

91 

69 

76 

80 

64 

74 

85 

83 

72 

80 

76 

80 

71 

87 

64 

72 

76 

69 

75 

86 

87 

82 

83 

77 

81 

72 

88 

66 

77 

79 

BCD 1984 171 

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Table 8. Cyclical Indicators: Average Timing at Peaks, Troughs, and All Turns 

Peaks Troughs 

A. COMPOSITE INDEXES 

910. Twelve leading indicators 

920. Four roughly coincident indicators 

930. Six lagging indicators 

940. Ratio, coincident index to lagging index 

Leading Indicator Subgroups: 

913. Marginal employment adjustments 

914. Capital investment commitments 

915. Inventory investment and purchasing 

916. Profitability 

917. Money and financial flows 

B. CYCLICAL INDICATORS BY ECONOMIC PROCESS 

Bl. Employment and Unemployment 

Marginal Employment Adjustments: 

* 1 . Average weekly hours of production or nonsupervisory workers, mfg 

21. Average weekly overtime hours of production or nonsupervisory workers, mfg 

*5. Average weekly initial claims for unemployment insurance, State programs (inverted1) 

Job Vacancies: 

60. Ratio, help-wanted advertising in newspapers to persons unemployed 

46. Index of help-wanted advertising in newspapers 

Comprehensive Employment: 

48. Employee hours m nonagncultural establishments 

42. Number of persons engaged in nonagncultural activities 

*41. Employees on nonagncultural payrolls 

40. Employees on nonagncultural payrolls, goods-producing industries 

90. Ratio, civilian employment to population of working age 

Comprehensive Unemployment: 

37. Number of persons unemployed (inverted1) 

43. Unemployment rate (inverted1) 

45. Average weekly insured unemployment rate, State programs (inverted1) 

*91. Average duration of unemployment in weeks (inverted1) 

44. Unemployment rate, persons unemployed 15 weeks and over (inverted1) 

Median (month*) 

(1) 

-10 

- 2 

+4 

-12 

-10 

-11 

- 8 

-18 

-10 

Mean and standard 

deviation (months) 

(2) 

-10.6 

-2. 0 

+5.1 

-14.7 

-11.7 

-13.9 

-9. 9 

-16.1 

-12.3 

(5.5) 

(1.9) 

(3.4) 

(6.2) 

(4.1) 

(6.9) 

(6.4) 

(9.1) 

(7.2) 

Median (months) 

(3) 

- 2 

0 

+9 

- 2 

- 1 

- 2 

- 4 

- 3 

- 5 

Mean and standard 

deviation (months) 

(4) 

-2. 6 

+ .4 

+ 10.0 

-1. 9 

-2. 0 

-1. 9 

-3. 6 

-2. 7 

-6. 3 

(1.7) 

(1.0) 

(3.3) 

(1.7) 

(1.7) 

(1.0) 

(3.4) 

(2.5) 

(4.3) 

Median (months) 

(5) 

- 5 

0 

+ 7% 

-6% 

- 7 

-5% 

- 5 

- 6 

-8% 

Mean and standard 

deviation (months) 

(6) 

-6. 6 

-.8 

+ 7.6 

-8. 3 

-6. 9 

-7. 9 

-6. 7 

-9. 4 

-9. 3 

(5.7) 

(2.0) 

(4.1) 

(7.9) 

(5.8) 

(/.8) 

(6.0) 

(9.4) 

(6.6) 

- 1 1 

- 1 3 

-12 

- 9 

- 7 

0 

-\Vi 

0 

- 3 

- 1 

- 5 

- 5 

- 3 

0 

+ 1 

-11.0 

-14.0 

-14.7 

-8.0 

-8.7 

- . 7 

- . 3 

+ 1.1 

-3.6 

-3.4 

-5.7 

-4.9 

-5.9 

- . 7 

- . 7 

(5.2) 

(5.3) 

(5.3) 

(4.2) 

(5.8) 

(5.5) 

(4.6) 

(4.7) 

(2.8) 

(6.9) 

(4.0) 

(3.4) 

(7.2) 

(2.7) 

(4.0) 

- 1 

0 

0 

+ 1 

+ 2 

0 

0 

0 

0 

+ 3 

+ 3 

+3 

0 

+8 

+ 5 

-1.6 

- . 2 

+ .1 

+ 1.0 

+ 1.4 

+ .3 

- . 3 

+ .7 

+ 1.1 

+ 3.3 

+ 3.4 

+3.0 

+ 1.0 

+9.4 

+ 5.9 

(2.0) 

(1.3) 

(1.7) 

(1.8) 

(2.0) 

(1.9) 

(1.5) 

(1.0) 

(1.6) 

(2.5) 

(3.8) 

(2.8) 

(1.9) 

(4.5) 

(4.0) 

-M 

-4t t 

- 5 % 

-m 

-m 

0 

0 

0 

0 

+ 1% 

-% 

-% 

-% 

+ 3% 

+ 2Vt 

-6.3 

-7.1 

-7.3 

-3.5 

-3.6 

- . 2 

- . 3 

+ .9 

-1.2 

- . 1 

-1.1 

- . 9 

-2.4 

+ 4.4 

+ 2.6 

(6.1) 

(7.9) 

(8.4) 

(5.5) 

(6.7) 

(4.2) 

(3.4) 

(3.4) 

(3.3) 

(6.2) 

(6.0) 

(5-0) 

(6.3) 

(6.3) 

(5.2) 

B2. Production and Income 

Comprehensive Output and Income: 

50. Gross national product in 1972 dollars 

52. Personal income in 1972 dollars 

*51. Personal income less transfer payments in 1972 dollars 

53. Wages and salaries in 1972 dollars, mining, mfg., and construction.. 

Industrial Production: 

*47. Index of industrial production 

73. Index of industrial production, durable manufactures 

74. Index of industrial production, nondurable manufactures 

49. Value of goods output in 1972 dollars 

Capacity Utilization: 

83. Capacity utilization rate, mfg 

82. Capacity utilization rate, manufacturers 

84. Capacity utilization rate, materials. 

0 

0 

0 

- 3 

- 2 

- 3 

- 1 

0 

- 1 0 

- 1 1 

- 6 

-1.0 

0 

- . 2 

-4.1 

-1.0 

-3.6 

- . 3 

-1.0 

-9.0 

-10.9 

-8.3 

(1.6) 

(1.0) 

(.7) 

(3.3) 

(3.7) 

(3.3) 

(3.8) 

(1.6) 

(2.2) 

(6.7) 

(6.2) 

0 

0 

- 1 

0 

+1 

+1 

0 

-3.1 

-1.7 

-1.0 

+ .7 

- . 1 

+ .6 

-2.0 

- . 1 

0 

+ .7 

- . 6 

(2.8) 

(.9) 

(1.2) 

(1.7) 

(.3) 

(1.4) 

(2.2) 

(1.0) 

(2.2) 

(1.2) 

(2.3) 

- 2 

- 1 

0 

- 1 

0 

0 

- 1 

0 

- 4 ^ 

-\Vi 

- 3 

-2.1 

- . 8 

- . 6 

-1.7 

- . 6 

-1.5 

-1.2 

- . 6 

-4.5 

-5.1 

-4.4 

(2.5) 

(1.3) 

(1.0) 

(3.6) 

(2.7) 

(3.3) 

(3.2) 

(1.4) 

(5.0) 

(7.5) 

(6.1) 

B3. Consumption, Trade, Orders, and Deliveries 

Orders and Deliveries: 

6. Manufacturers' new orders in current dollars, durable goods industries 

7. Manufacturers' new orders in 1972 dollars, durable goods industries 

*8. Manufacturers' new orders in 1972 dollars, consumer goods and materials industries... 

25. Change in manufacturers' unfilled orders, durable goods industries 

96. Manufacturers' unfilled orders, durable goods industries 

*32. Vendor performance, percent of companies receiving slower deliveries (u) 

Consumption and Trade: 

56. Mfg. and trade sales in current dollars 

*57. Mfg. and trade sales in 1972 dollars 

75. Index of industrial production, consumer goods 

54. Sales of retail stores in current dollars 

59. Sales of retail stores in 1972 dollars 

55 Personal consumption expenditures, automobiles 

58. Index of consumer sentiment @ 

- 8 

- 8 

- 1 2 

- 1 1 

- 5 % 

- 6 

- 1 % 

- 3 

- 2 

0 

- 4 

- 5 % 

- 1 2 

-7.4 

-9.0 

-11.4 

-11.3 

-5.7 

-9.0 

- . 3 

-3.1 

-2.7 

- . 6 

-3.4 

-4.2 

-15.2 

(8.4) 

(6.0) 

(6.7) 

(11.3) 

(9.4) 

(6.2) 

(4.7) 

(2.9) 

(3.5) 

(1.7) 

(3.3) 

(5.1) 

(11.3) 

- 1 

- 1 

- 1 

- 3 

+ 2 

- 4 

0 

- 1 

- 1 

- 3 

- 2 

0 

- 2 

-1.4 

-1.1 

-2.0 

-5.0 

+4.0 

-4.0 

0 

-1.4 

-2.3 

-1.8 

-1.6 

+ .2 

-2.3 

(1.3) 

(1.4) 

(2.4) 

(4.1) 

(4.4) 

(3.8) 

(1.5) 

(1.8) 

(2.8) 

(2.1) 

(2.1) 

(2.7) 

(1.9) 

- 2 % 

- 3 

- 4% 

- 7 

0 

- 6 

0 

- 1 % 

- 1 

-% -Vh 

- 1 

- 4 

-4.4 

-5.1 

-6.7 

-8.1 

- . 8 

-6.5 

- . 2 

-2.3 

-2.5 

-1.2 

-2.5 

-2.0 

-8.8 

(6.7) 

(5.9) 

(6.9) 

(9.1) 

(8.8) 

(5.7) 

(3.5) 

(2.6) 

(3.2) 

(2.0) 

(2.9) 

(4.6) 

(10.3) 

B4. Fixed Capital Investment 

Formation of Business Enterprises: 

*12. Index of net business formation 

13. Number of new business incorporations 

Business Investment Commitments: 

10. Contracts and orders for plant and equipment in current dollars 

*20. Contracts and orders for plant and equipment in 1972 dollars 

24. Manufacturers' new orders in current dollars, nondefense capital goods industries 

27. Manufacturers' new orders in 1972 dollars, nondefense capital goods industries 

9. Construction contracts awarded for commercial and industrial buildings 

11. Newly approved capital appropriations, 1,000 mfg. corporations 

97. Backlog of capital appropriations, 1,000 mfg. corporations 

Business Investment Expenditures: 

61. Expenditures for new plant and equipment by U.S. nonfarm business 

69. Manufacturers' machinery and equipment sales and business construction expenditures.. 

76. Index of industrial production, business equipment 

86. Gross private nonresidential fixed investment in 1972 dollars 

87. Gross private nonresidential fixed investment in 1972 dollars, structures 

- 1 3 

- 1 0 

- 5 

- 8 

- 9 

- 9 

- 4 

- 2 

- 2 

+ 1 

- 1 

- 1 

0 

-m 

-13.0 

-10.8 

-5.0 

-7.4 

-9.7 

-10.3 

-4.6 

-3.2 

-2.2 

+ 2.2 

+ .7 

- . 3 

-1.0 

-1.3 

(6.0) 

(7.4) 

(6.3) 

(3.8) 

(10.1) 

(9.1) 

(6.7) 

(8.4) 

(6.8) 

(5.1) 

(5.8) 

(4.7) 

(2.3) 

(5.8) 

- 1 

-m 

- 2 

- 1 

- 2 

- 2 

+ 2 

+ 1 

+5 

+4 

+4 

+ 1 

0 

+3 

-1.6 

-3.2 

- . 9 

- . 3 

-2.3 

-2.3 

+2.0 

+ 1.2 

+ 6.0 

+ 3.2 

+3.7 

+ 2.3 

+.7 

+4.8 

(1.0) 

(3.1) 

(4.3) 

(4.3) 

(1.7) 

(1.7) 

(4.5) 

(3.9) 

(3.3) 

(2.3) 

(3.2) 

(2.1) 

(1.7) 

(4.2) 

-M 

- 5 

- 3 

- 3 % 

- 4% 

- 4% 

0 

+ 1 

+ 3 

+ 1 

+ 2 

+ 1 

0 

+ 1 

-7.3 

-7.0 

-2.9 

-3.9 

-6.0 

-6.3 

-1.3 

-1.0 

+ 1.9 

+2.7 

+2.2 

+ 1.0 

- . 1 

+ 1.8 

(7.2) 

(6.8) 

(5.8) 

(5.4) 

(8.1) 

(7.7) 

(6.6) 

(6.9) 

(6.7) 

(4.0) 

(4.9) 

(3.9) 

(2.2) 

(5.9) 

172 The Handbook of Cyclical Indicators 

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Table 8. Cyclical Indicators: Average Timing at Peaks, Troughs, and All Turns—Continued 

Peaks Troughs 

Series title 

Median (months) 

(1) 

Mean and standard 

deviation (months) 

(2) 

Median (months) 

(3) 

Mean and standard 

deviation (months) 

(4) 

Median (months) 

(5) 

Mean and standard 

deviation (months) 

(6) 

B4. Fixed Capital Investment—Continued 

Business Investment Expenditures—Continued 

88. Gross private nonresidential fixed investment in 1972 dollars, producers' durable equipmentResidential Construction Commitments and Investment: 

28. New private housing units started 

*29. Index of new private housing units authorized by local building permits 

89. Gross private residential fixed investment in 1972 dollars 

-1.9 (3.9) +.7 (1.7) (3.3) 

13 

13 

10 

-16.1 

-15.4 

-12.1 

(7.3) 

(6.9) 

(7.9) 

- 2 

- 3 

- 3 

-4.9 

-4.9 

-3.1 

(3.6) 

(3.7) 

(2.5) 

-9% 

-9% 

- 6 

-10.5 

-10.1 

-7.6 

(8.1) 

(7.7) 

(7.4) 

B5.I 

Inventory Investment: 

30. Change in business inventories in 1972 dollars 

*36. Change in mfg. and trade inventories on hand and on order in 1972 dollars (smoothed2) 

31. Change in mfg. and trade inventories, book value 

38. Change in manufacturers' inventories, materials and supplies on hand and on order, book value.. 

Inventories on Hand and on Order: 

71. Mfg. and trade inventories, book value 

70. Mfg. and trade inventories in 1972 dollars 

65. Manufacturers' inventories, finished goods, book value 

*77. Ratio, mfg. and trade inventories to sales in 1972 dollars 

78. Manufacturers' inventories, materials and supplies on hand and on order, book value 

B6. Prices, Costs, and Profits 

Sensitive Commodity Prices: 

98. Change in producer prices for 28 sensitive crude and intermediate materials 

23. Index of spot market prices, raw industrial materials ® 

*99. Change in sensitive materials prices (smoothed2) 

Stock Prices: 

*19. Index of stock prices, 500 common stocks ® 

Profits and Profit Margins: 

16. Corporate profits after tax in current dollars 

18. Corporate profits after tax in 1972 dollars 

79. Corporate profits after tax with IVA and CCAdj in current dollars 

80. Corporate profits after tax with IVA and CCAdj in 1972 dollars 

22. Ratio, profits after tax to total corporate domestic income 

81. Ratio, profits after tax with IVA and CCAdj to total corporate domestic income 

15. Profits after taxes per dollar of sales, mfg. corporations 

26. Ratio, implicit price deflator to unit labor cost, nonfarm business sector 

Cash Flows: 

34. Corporate net cash flow in current dollars 

35. Corporate net cash flow in 1972 dollars 

Unit Labor Costs and Labor Share: 

63. Index of unit labor cost, business sector 

68. Labor cost per unit of real gross domestic product, nonfinancial corporations 

62. Index of labor cost per unit of output, mfg.—actual data 

*62. Index of labor cost per unit of output, mfg.—actual data as a percent of trend 

64. Compensation of employees as a percent of national income 

B7. Money and Credtt 

Money: 

85. Change in money supply Ml 

102. Change in money supply M2 

104. Change in total liquid assets (smoothed2) 

105. Money supply Ml in 1972 dollars 

*106. Money supply M2 in 1972 dollars 

Velocity of Money: 

107. Ratio, gross national product to money supply Ml 

108. Ratio, personal income to money supply M2 

Credit Flows: 

33. Net change in mortgage debt 

112. Net change in business loans 

113. Net change in consumer installment credit 

•111. Change in business and consumer credit outstanding 

110. Funds raised by private nonfinancial borrowers in credit markets 

Credit Difficulties: 

14. Current liabilities of business failures (inverted ') ® 

39. Percent of consumer installment loans delinquent 30 days and over (inverted1) 

Bank Reserves: 

93. Free reserves (inverted1) ® 

94. Member bank borrowings from the Federal Reserve <g> 

Interest Rates: 

119. Federal funds rate ® .... 

114. Discount rate on new issues of 91-day Treasury bills <9 

116. Yield on new issues of high-grade corporate bonds <§) 

115. Yield on long-term Treasury bonds ® 

117. Yield on municipal bonds, 20-bond average ® 

118. Secondary market yields on FHA mortgages <g> 

67. Bank rates on short-term business loans ® 

*109. Average prime rate charged by banks <g 

Outstanding Debt: 

66. Consumer installment credit outstanding 

72. Commercial and industrial loans outstanding in current dollars 

*101. Commercial and industrial loans outstanding in 1972 dollars 

*95. Ratio, consumer installment credit outstanding to personal income 

See footnotes at end of this part. 

- 4 

-11 

- 6 

-9% 

+3 

+5% 

+4 

+8 

- 2 

-8.3 

-10.1 

-4.4 

-8.2 

+4.6 

+6.2 

+4.0 

+8.7 

-1.4 

(8.0) 

(5.1) 

(7.2) 

(8.5) 

(4.8) 

(4.3) 

(3.3) 

(3.7) 

(6.1) 

- 1 

- 1 

- 2 

-5% 

+4 

+4% 

+6 

+ 13 

+3 

-1.4 

-2.4 

-2.1 

-5.5 

+3.6 

+4.8 

+ 7.3 

+ 18.1 

+5.2 

(2.3) 

(3.3) 

(2.9) 

(4.4) 

(1.0) 

(1.9) 

(1.9) 

(11.6) 

(4.4) 

-2% 

-5% 

-3% 

-7% 

+3 

+4% 

+6 

+ 10 

+ 1 

-4.9 

-6.3 

-3.3 

-6.8 

+4.1 

+5.5 

+5.7 

+ 13.4 

+ 1.9 

(6.8) 

(5.8) 

(5.6) 

(6.9) 

(3.5) 

(3.4) 

(3.1) 

(9.8) 

(6.3) 

-10 

- 5 

-9% 

-13.3 

-8.0 

-11.8 

(11.1) 

(11.6) 

(6.6) 

- 7 

- 1 

-3% 

-9.1 

-.3 

-2.8 

(6.2) 

(4.6) 

(2.8) 

-7% 

-1% 

-5% 

-11.2 

-4.1 

-7.3 

(9.2) 

(9.7) 

(6.8) 

-9% -9.2 (2.9) -4.7 (1.6) -5% -6.9 (3.3) 

- 6 

— 11 

-11 

— 14 

— 11 

—23 

-10 

-24% 

- 6 

- 6 

+ 10 

+ 7 

+8 

+5 

+ 10 

-7.0 

-10.4 

-14.7 

-18.6 

-13.9 

-21.1 

-10.0 

-22.7 

-4.0 

-9.1 

+8.2 

+8.8 

+8.2 

+6.7 

+8.9 

(8.7) 

(10.4) 

(14.8) 

(13.9) 

(16.7) 

(15.7) 

(8.1) 

(8.7) 

(6.4) 

(10.5) 

(5.0) 

(3.4) 

(4.7) 

(4.8) 

(3.9) 

- 2 

- 2 

0 

0 

- 2 

0 

- 2 

- 4 

- 2 

- 2 

+9 

+9 

+ 10 

+ 13 

+ 13 

-2.3 

-2.3 

+.7 

+.7 

-2.3 

+.3 

-2.3 

-3.8 

-3.6 

-2.3 

+8.0 

+9.2 

+9.2 

+ 14.3 

+20.0 

(2.2) 

(2.2) 

(7.1) 

(7.1) 

(2.2) 

(7.0) 

(2.2) 

(3.7) 

(3.0) 

(2.2) 

(1.8) 

(3.0) 

(3.2) 

(4.8) 

(17.4) 

-3% 

- 5 

- 4 

-6% 

- 5 

-6% 

- 5 

-10 

- 5 

- 5 

+9 

+8 

+? 

+ 10 

+ 10% 

-4.6 

-6.4 

-7.0 

-8.9 

-8.1 

-10.4 

-6.1 

-13.2 

-3.8 

-5.7 

+8.1 

+9.0 

+8.7 

+ 10.5 

+ 14.4 

(6.8) 

(8.6) 

(13.9) 

(14.7) 

(13.3) 

(16.2) 

(7.1) 

(11.5) 

(5.0) 

(8.3) 

(3.8) 

(3.2) 

(4.0) 

(6.1) 

(13.8) 

-15 

-20 

- 7 

-11 

-16 

0 

+ % 

-11 

- 9 

-10 

-11 

-10 

-14 

- 9 

-4% 

- 3 

+2 

+ 1% 

+ 1 

+2 

+ 1 

+2 

+4 

+3% 

+3% 

+ 1 

+4 

+4 

-16.4 

-26.1 

-7.3 

-13.3 

-16.2 

-.2 

+2.3 

-15.6 

-10.7 

-11.4 

-12.7 

-11.2 

-18.9 

-8.7 

-2.5 

-1.7 

+.8 

+ 1.5 

+ 1.4 

+2.0 

+ 1.9 

+3.3 

+3.3 

+4.8 

+3.5 

+4.4 

+4.2 

+3.7 

(6.9) 

(13.8) 

(3.9) 

(7.3) 

(5.6) 

(1.1) 

(4.2) 

(8.2) 

(9.0) 

(7.5) 

(5.5) 

(5.2) 

(8.6) 

(7.1) 

(6.4) 

(6.0) 

(4.8) 

(3.9) 

(4.9) 

(3.9) 

(9.4) 

(3.8) 

(4.0) 

(2.8) 

(1.5) 

(6.2) 

(4.1) 

(4.2) 

- 3 

- 9 

-5% 

- 4 

- 3 

-1% 

+ 12% 

- 2 

- 2 

- 1 

- 2 

- 3 

- 2 

0 

+2% 

+5 

+5 

+3% 

+ 2 

+2 

+ 16 

+9 

+9 

+ 15 

+2% 

+5 

+6 

+ 7 

-8.1 

-9.9 

-7.7 

-3.9 

-5.6 

-1.8 

+ 16.5 

-3.4 

-1.3 

-2.1 

-1.6 

-3.3 

+ 1.3 

-.4 

+6.7 

+6.3 

+8.6 

+ 7.2 

+8.0 

+5.4 

+ 13.4 

+ 15.0 

+8.4 

+ 19.5 

+2.5 

+ 7.4 

+9.3 

+5.2 

(7.8) 

(5.6) 

(5.0) 

(6.6) 

(4.6) 

(2.4) 

(18.0) 

(3.9) 

(2.8) 

(4.2) 

(2.1) 

(1.7) 

(9.9) 

(1.8) 

(8.4) 

(5.6) 

(8.5) 

(8.1) 

(10.2) 

(7.3) 

(12.0) 

(17.1) 

(6.6) 

(18.5) 

(2.5) 

(5.6) 

(8.1) 

(6.3) 

-14 

-15% 

- 6 

- 8 

-10 

0 

+2% 

-9% 

-4% 

- 6 

- 7 

-5% 

-10 

- 3 

+ 1 

+2 

+2% 

+2 

+ 1% 

+2 

+2% 

+ 3% 

+4 

+5% 

+3% 

+4% 

+4% 

+6 

-12.3 

-18.0 

-7.5 

-8.6 

-10.9 

-1.0 

+9.4 

-9.5 

-6.0 

-6.8 

-7.1 

-7.2 

-9.5 

-4.6 

+2.1 

+2.3 

+4.7 

+4.3 

+4.7 

+3.7 

+ 7.6 

+9.1 

+5.9 

+ 12.2 

+3.0 

+5.9 

+6.8 

+4.4 

(8.5) 

(13.3) 

(4.5) 

(8.4) 

(7.4) 

(2.0) 

(14.9) 

(8.9) 

(8.2) 

(7.6) 

(7.0) 

(5.5) 

(13.7) 

(6.6) 

(8.8) 

(7.1) 

(8.0) 

(6.9) 

(8.6) 

(6.1) 

(12.2) 

(13.7) 

(6.0) 

(15.1) 

(2.1) 

(6.1) 

(6.9) 

(5.3) 

BCD 1984 173 

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Table 9A. Measures of VariabKy: Monthly Series 

Part I. Average Percentage Changes 

Series title Period l/C MCD l/C for 

MCD span 

Average duration of run (ADR) 

I MCD 

I. CYCLICAL MMCATORS 

1. Average weekly hours of production or nonsupervisory workers, mfg 

5. Average weekly initial claims for unemployment insurance, State programs.. 

6. Manufacturers' new orders in current dollars, durable goods industries 

7. Manufacturers' new orders in 1972 dollars, durable goods industries.. 

8. Manufacturers' new orders in 1972 dollars, consumer goods and materials industries.. 

9. Construction contracts awarded for commercial and industrial buildings 

10. Contracts and orders for plant and equipment in current dollars 

12. Index of net business formation 

13. Number of new business incorporations 

14. Current liabilities of business failures ® 

19. Index of stock prices, 500 common stocks ® , 

20. Contracts and orders for plant and equipment in 1972 dollars 

23. Index of spot market prices, raw industrial materials <g> 

24. Manufacturers' new orders in current dollars, nondefense capital goods industries.. 

27. Manufacturers' new orders in 1972 dollars, nondefense capital goods industries 

28. New private housing units started.. 

29. Index of new private housing units authorized by local building permits.. 

37. Number of persons unemployed .. 

40. Employees on nonagricultural payrolls, goods-producing industries.. 

41. Employees on nonagricultural payrolls 

42. Number of persons engaged in nonagricultural activities.. 

46. Index of help-wanted advertising in newspapers 

47. Index of industrial production.. 

48. Employee hours in nonagricultural establishments... 

51. Personal income less transfer payments in 1972 dollars.. 

52. Personal income in 1972 dollars 

53. Wages and salaries in 1972 dollars, mining, mfg., and construction .. 

54. Sales of retail stores in current dollars 

56. Mfg. and trade sates in current dollars 

57. Mfg. and trade sates in 1972 dollars 

59. Sates of retail stores in 1972 dollars 

62. Index of labor cost per unit of output, mfg.—actual data.. 

65. Manufacturers' inventories, finished goods, book value.. 

66. Consumer installment credit outstanding.. 

I. Manufacturers' machinery and equipment sales and business construction expenditures.. 

70. Mfg. and trade inventories in 1972 dollars 

71. Mfg. and trade inventories, book value.. 

72. Commercial and industrial loans outstanding in current dollars.. 

73. Index of industrial production, durable manufactures 

74. Index of industrial production, nondurable manufactures 

75. Index of industrial production, consumer goods . 

76. Index of industrial production, business equipment 

78. Manufacturers' inventories, materials and supplies on hand and on order, book value.. 

91. Average duration of unemployment in weeks.. 

96. Manufacturers' unfilled orders, durable goods industries 

101. Commercial and industrial loans outstanding in 1972 dollars. 

105. Money supply Ml in 1972 dollars 

106. Money supply M2 in 1972 dollars 

910. Composite index of 12 leading indicators... 

913. Composite index of marginal employment adjustments .. 

914. Composite index of capital investment commitments.. 

915. Composite index of inventory investment and purchasing... 

916. Composite index, of profitability.. 

1948-82 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

1953-82 

1948-82 

do 

do 

do 

do 

1953-82 

1948-82 

do 

do 

do 

do 

do 

1948-81 

1948-82 

do 

do 

917. Composite index of money and financial flows 

920. Composite index of four roughly coincident indicators .. 

930. Composite index of six lagging indicators 

II. OTHER MPORTANT ECONOMIC MEASURES 

233. Personal income in current dollars 

320. Consumer price index for all urban consumers ® .... 

322. Consumer price index for all urban consumers, food . 

330. Producer price index, all commodities ® 

331. Producer price index, crude materials for further processing 

332. Producer price index, intermediate materials, supplies, and components.. 

333. Producer price index, capital equipment.. 

334. Producer price index, finished consumer goods 

335. Producer price index, industrial commodities ® 

340. Index of average hourly earnings, private nonagricultural payrolls 

341. Index of real average hourly earnings, private nonagricultural payrolls... 

441. Civilian labor force 

442. Civilian employment 

444. Number unemployed, males 20 years and over 

445. Number unemployed, females 20 years and over 

446. Number unemployed, both sexes 16-19 years of age 

447. Number unemployed, full-time workers.. 

448. Number of persons employed part time for economic reasons . 

517. Defense Department gross obligations incurred 

525. Defense Department prime contract awards 

543. Defense Department gross unpaid obligations outstanding 

548. Manufacturers' new orders, defense products 

557. Index of industrial production, defense and space equipment. 

559. Manufacturers' inventories, defense products, book value 

561. Manufacturers' unfilled orders, defense products 

570. Employment, defense products industries 

577. Defense Department military personnel ® 

578. Defense Department civilian personnel <g> 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

1964-82 

do 

1948-82 

do 

do 

do 

do 

1963-82 

1955-82 

1949-82 

1951-82 

1953-82 

1968-82 

1948-82 

1968-82 

do 

1958-82 

1948-82 

1950-82 

0.48 

5.43 

3.51 

3.44 

2.84 

8.81 

6.03 

1.00 

2.46 

27.76 

2.67 

6.21 

1.91 

5.44 

5.59 

5.74 

5.13 

3.49 

.54 

.32 

.33 

2.89 

.92 

.47 

.50 

.52 

.78 

1.13 

1.14 

1.02 

1.09 

.64 

.82 

.98 

1.73 

.46 

.71 

.74 

.88 

1.15 

1.10 

3.60 

1.58 

.92 

.37 

.42 

.87 

.74 

.65 

.68 

.74 

.66 

.79 

.86 

.72 

.40 

.55 

.53 

1.34 

.47 

.42 

.49 

.43 

.55 

.26 

.33 

.35 

4.42 

4.63 

5.73 

2.77 

3.93 

10.90 

19.62 

1.76 

20.33 

1.29 

1.68 

1.58 

.66 

.77 

.68 

0.42 

4.72 

3.04 

3.00 

2.35 

8.47 

5.70 

.82 

2.16 

27.20 

1.92 

5.89 

1.07 

5.05 

5.22 

5.17 

4.36 

2.53 

.29 

.13 

.24 

1.86 

.47 

.34 

.30 

.33 

.47 

.86 

.76 

.78 

.95 

.42 

.35 

.20 

1.34 

.21 

.20 

.41 

.78 

.44 

.58 

.62 

.34 

3.01 

.48 

.50 

.22 

.17 

.46 

.55 

.53 

.34 

.37 

.38 

.42 

.52 

.29 

.13 

.30 

.29 

.93 

.20 

.14 

.26 

.14 

.16 

.19 

.28 

.28 

3.09 

4.14 

5.35 

2.00 

3.55 

10.47 

19.48 

1.19 

20.19 

.59 

.87 

.97 

.31 

.29 

.40 

0.17 

2.36 

1.55 

1.42 

1.31 

1.88 

1.69 

.52 

.99 

2.51 

1.61 

1.62 

1.44 

1.71 

1.62 

2.13 

2.38 

2.08 

.42 

.28 

.23 

2.18 

.74 

.30 

.38 

.37 

.57 

.64 

.78 

.55 

.46 

.44 

.71 

.96 

1.05 

.40 

.68 

1.00 

1.03 

.56 

.59 

.95 

1.05 

1.65 

1.48 

.74 

.28 

.37 

.69 

.43 

.34 

.53 

.60 

.49 

.62 

.67 

.65 

.37 

.44 

.41 

.79 

.42 

.40 

.39 

.40 

.54 

.17 

.16 

.20 

2.70 

1.84 

1.62 

1.67 

1.48 

1.91 

1.84 

1.11 

1.69 

1.06 

1.37 

1.16 

.54 

.70 

.54 

2.45 

2.00 

1.97 

2.11 

1.79 

4.50 

3.38 

1.57 

2.19 

10.85 

1.20 

3.65 

.74 

2.95 

3.22 

2.42 

1.83 

1.22 

.69 

.51 

1.05 

.85 

.64 

1.13 

.79 

.90 

.83 

1.34 

.97 

1.43 

2.07 

.95 

.50 

.21 

1.28 

.53 

.30 

.41 

.76 

.78 

.98 

.66 

.32 

1.83 

.32 

.67 

.79 

.45 

.66 

1.28 

1.53 

.65 

.62 

.78 

.67 

.78 

.45 

.36 

.69 

.70 

1.18 

.48 

.35 

.67 

.36 

.29 

1.09 

1.71 

1.45 

1.14 

2.25 

3.29 

1.20 

2.40 

5.49 

10.57 

1.07 

11.95 

.56 

.63 

.84 

.57 

.42 

.73 

0.87 

.74 

.67 

.73 

.69 

.85 

.83 

.89 

.71 

(') 

.72 

.92 

.74 

.94 

.80 

.87 

.71 

.60 

.69 

.51 

.53 

.85 

.64 

.58 

.79 

.90 

.83 

.77 

.97 

.76 

.82 

.95 

.50 

.21 

.61 

.53 

.30 

.41 

.76 

.78 

.98 

.66 

.32 

.94 

.32 

.67 

.79 

.45 

.66 

.74 

.87 

.65 

.62 

.78 

.67 

.78 

.45 

.36 

.69 

.70 

.65 

.48 

.35 

.67 

.36 

.29 

.57 

.92 

.77 

.59 

.78 

.78 

.60 

.82 

(') 

(') 

.58 

(') 

.56 

.63 

.84 

.57 

.42 

.73 

2.25 

2.00 

2.00 

1.90 

2.12 

1.60 

1.70 

2.18 

1.89 

1.50 

2.35 

1.66 

2.93 

1.76 

1.74 

1.93 

2.07 

2.19 

3.71 

4.93 

2.60 

3.43 

4.07 

2.76 

3.71 

3.15 

3.27 

2.34 

2.67 

2.22 

2.00 

2.74 

4.28 

10.74 

2.01 

4.66 

7.76 

6.25 

3.74 

3.01 

2.81 

3.68 

6.90 

2.14 

6.16 

3.61 

3.08 

4.60 

3.49 

2.53 

2.33 

3.58 

4.07 

3.25 

3.77 

3.49 

6.16 

7.35 

3.58 

3.38 

2.34 

5.51 

7.35 

3.13 

6.76 

227.00 

2.80 

2.13 

2.33 

2.54 

1.80 

1.70 

2.01 

1.76 

1.51 

1.46 

3.00 

1.48 

3.58 

3.89 

3.09 

4.60 

3.61 

3.95 

1.55 

1.65 

1.53 

1.53 

1.66 

1.51 

1.51 

1.68 

1.48 

1.46 

1.70 

1.52 

1.70 

1.54 

1.53 

1.55 

1.59 

1.45 

1.55 

1.54 

1.55 

1.52 

1.66 

1.54 

1.65 

1.65 

1.58 

1.56 

1.60 

1.52 

1.62 

1.59 

1.51 

1.65 

1.49 

1.55 

1.57 

1.62 

1.65 

1.45 

1.61 

1.53 

1.60 

1.52 

1.62 

1.56 

1.57 

1.51 

1.60 

1.61 

1.55 

1.80 

1.69 

1.68 

1.64 

1.60 

1.58 

1.57 

1.70 

1.58 

1.51 

1.55 

1.56 

1.56 

1.64 

1.59 

1.51 

1.49 

1.53 

1.52 

1.50 

1.52 

1.46 

1.54 

1.47 

1.41 

1.57 

1.50 

1.55 

1.60 

1.54 

1.57 

1.78 

1.90 

8.38 

10.74 

9.52 

9.11 

9.52 

11.97 

9.74 

11.64 

11.64 

9.53 

7.62 

8.91 

7.91 

13.52 

10.74 

11.32 

13.09 

8.91 

11.32 

16.76 

17.46 

9.52 

12.70 

13.52 

15.52 

14.45 

13.52 

14.45 

12.32 

10.48 

10.74 

8.55 

13.97 

32.23 

14.96 

17.46 

26.19 

20.95 

9.74 

12.32 

9.31 

14.45 

16.32 

10.48 

14.45 

11.64 

10.48 

16.12 

11.64 

6.46 

17.46 

7.22 

9.31 

8.91 

14.96 

11.03 

46.56 

19.05 

8.91 

9.31 

6.65 

13.52 

19.95 

10.22 

13.52 

227.00 

11.95 

19.95 

16.12 

7.62 

9.74 

7.62 

8.54 

7.70 

6.80 

11.61 

11.06 

11.19 

10.74 

13.77 

11.19 

15.74 

11.32 

8.98 

3.83 

3.72 

4.21 

3.97 

4.53 

3.37 

3.18 

3.22 

3.93 

2.55 

3.43 

3.33 

2.93 

3.07 

3.28 

3.76. 

3.83 

3.40 

3.71 

4.93 

4.45 

3.43 

4.07 

4.40 

3.71 

3.15 

3.27 

4.06 

2.67 

3.40 

3.76 

2.74 

4.28 

10.74 

3.31 

4.66 

7.76 

6.25 

3.74 

3.01 

2.81 

3.68 

6.90 

3.32 

6.16 

3.61 

3.08 

4.60 

3.49 

3.47 

3.54 

3.58 

4.07 

3.25 

3.77 

3.49 

6.16 

7.35 

3.58 

3.38 

3.60 

5.51 

7.35 

3.13 

6.76 

227.00 

4.81 

3.32 

3.77 

3.98 

3.63 

3.10 

4.10 

3.05 

2.55 

2.16 

4.41 

2.18 

3.58 

3.89 

3.09 

4.60 

3.61 

3.95 

174 The Handbook of Cyclical Indicators 

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Table 9A. Measures of Variability: Monthly Series-Continued 

Part I. Average Percentage Changes—Continued 

Series title Period CI l/C MCD l/C for 

MCD span 

Average duration of run (ADR) 

MCD 

II. OTHER IMPORTANT ECONOMIC MEASURES-Continued 

580. Defense Department net outlays 1949-82 

588. Manufacturers' shipments, defense products 1968-82 

602. Exports, excluding military aid shipments 1948-82 

604. Exports of domestic agricultural products 1965-82 

606. Exports of nonelectrical machinery do 

612. General imports 1948-82 

614. Imports of petroleum and petroleum products 1965-82 

616. Imports of automobiles and parts do 

721. OECD European countries, index of industrial production 1953-82 

722. United Ringdom.index of industrial production 1948-82 

723. Canada, index of industrial production do 

725. West Germany, index of industrial production do 

726. France, index of industrial production 1951-82 

727. Italy, index of industrial production 1948-82 

728. Japan, index of industrial production do 

732. United Kingdom, index of consumer prices <g> do 

733. Canada, index of consumer prices <$ do 

735. West Germany, index of consumer prices ® do 

736. France, index of consumer prices <$ do 

737. Italy, index of consumer prices <$ do 

738. Japan, index of consumer prices <& do 

742. United Kingdom, index of stock prices ® do 

743. Canada, index of stock prices <9 do 

745. West Germany, index of stock prices ® 1950-82 

746. France, index of stock prices <$ 1948-82 

747. Italy, index of stock prices ® 1949-82 

748. Japan, index of stock prices Q „ 1948-82 

See footnotes at end of this part. 

4.48 

3.62 

5.25 

8.50 

5.76 

4.77 

10.27 

10.45 

.91 

1.13 

1.01 

1.52 

1.57 

2.03 

1.59 

.68 

.46 

.42 

.81 

.71 

1.08 

3.60 

3.57 

3.24 

4.40 

4.08 

4.14 

4.15 

3.46 

4.92 

7.77 

5.31 

4.33 

9.46 

9.72 

.94 

1.10 

.83 

1.39 

1.60 

1.86 

1.01 

.36 

.20 

.22 

.33 

.32 

.77 

2.62 

2.97 

2.22 

3.78 

3.27 

2.76 

1.17 

1.09 

1.32 

2.37 

1.48 

1.43 

2.85 

2.22 

.50 

.43 

.56 

.75 

.59 

.79 

1.14 

.59 

.42 

.36 

.70 

.63 

.68 

2.20 

1.79 

2.13 

1.86 

2.00 

2.49 

3.54 

3.19 

3.72 

3.28 

3.59 

3.04 

3.32 

4.38 

1.86 

2.53 

1.49 

1.84 

2.73 

2.35 

.89 

.61 

.47 

.62 

.47 

.50 

1.12 

1.19 

1.67 

1.04 

2.03 

1.63 

1.11 

4 

3 

4 

5 

4 

3 

3 

5 

3 

3 

2 

2 

4 

3 

1 

1 

1 

1 

1 

1 

2 

2 

3 

2 

3 

3 

2 

0.84 

.94 

.97 

.83 

.96 

.99 

.90 

.74 

.64 

.97 

.76 

.98 

.74 

.83 

.89 

.61 

.47 

.62 

.47 

.50 

.63 

.72 

.68 

.62 

.80 

.74 

.68 

1.66 

1.67 

1.82 

1.85 

1.72 

1.78 

1.82 

1.59 

3.66 

3.06 

2.25 

2.83 

2.78 

1.96 

3.04 

6.98 

5.74 

7.02 

7.91 

9.52 

2.54 

2.57 

2.25 

2.88 

2.11 

2.50 

2.77 

1.54 

1.50 

1.51 

1.56 

1.55 

1.59 

1.44 

1.52 

1.55 

1.65 

1.50 

1.55 

1.57 

1.51 

1.47 

1.59 

1.60 

1.64 

1.66 

1.61 

1.63 

1.70 

1.72 

1.68 

1.80 

1.93 

1.68 

9.55 

9.94 

10.22 

7.17 

10.75 

9.52 

8.96 

10.75 

16.32 

9.11 

20.95 

13.97 

13.21 

11.97 

14.96 

16.76 

15.52 

10.10 

18.22 

16.76 

8.73 

7.76 

10.22 

7.05 

7.76 

8.48 

6.87 

2.73 

2.95 

3.28 

3.77 

2.79 

3.18 

2.60 

3.01 

9.39 

5.09 

4.02 

4.64 

6.91 

4.74 

3.04 

6.98 

5.74 

7.02 

7.91 

9.52 

3.80 

3.48 

4.48 

4.02 

3.79 

4.55 

3.77 

Table 9A. Measures of Variabftty: Monthly Series—Continued 

Part II. Average Actual Changes 

Series title Unit of 

measure 

Period l/C MCD l/C for 

MCD span 

Average duration of run (ADR) 

I. CYCLICAL NXCATORS 

21. Average weekly overtime hours of production or nonsupervisory workers, mfg.. 

25. Change in manufacturers' unfilled orders, durable goods industries 

31. Change in mfg. and trade inventories, book value 

32. Vendor performance, companies receiving slower deliveries ® 

33. Net change in mortgage debt.. 

36. Change in mfg. and trade inventories on hand and on order in 1972 dollars (smoothed2). 

38. Change in manufacturers' inventories, materials and supplies on hand 

and on order, book value 

39. Percent of consumer installment loans delinquent 30 days and over 

43. Unemployment rate 

44. Unemployment rate, persons unemployed 15 weeks and over 

Hours 

Billion dollars 

. Annual rate, billion dollars 

Percent 

. Annual rate, billion dollars 

do 

Billion dollars 

Percent 

do 

do 

45. Average weekly insured unemployment rate, State programs 

60. Ratio, help-wanted advertising in newspapers to persons unemployed 

62. Index of labor cost per unit of output, mfg.—actual data as a percent of trend... 

77. Ratio, mfg. and trade inventories to sales in 1972 dollars 

85. Change in money supply Ml 

90. Ratio, civilian employment to population of working age 

93. Free reserves ® .. 

94. Member bank borrowings from the Federal Reserve ® 

95. Ratio, consumer installment credit outstanding to personal income 

98. Change in producer prices for 28 sensitive crude and intermediate materials... 

99. Change in sensitive materials prices (smoothed2) 

102. Change in money supply M2 

104. Change in total liquid assets (smoothed2) 

108. Ratio, personal income to money supply M2 

109. Average prime rate charged by banks <§ 

111. Change in business and consumer credit outstanding 

112. Net change in business loans 

113. Net change in consumer installment credit 

114. Discount rate on new issues of 91-day Treasury bills f $ 

115. Yield on long-term Treasury bonds <S> 

116. Yield on new issues of high-grade corporate bonds ® 

117. Yield on municipal bonds, 20-bond average Q 

118. Secondary market yields on FHA mortgages <$ 

119. Federal funds rate ^ . 

940. Ratio, coincident composite index to lagging composite index . 

do 

Ratio 

Percent 

Ratio 

Percent 

do 

Million dollars 

do 

Percent 

do 

do 

do 

do 

Ratio 

Percent 

Annual rate, percent 

. Annual rate, billion dollars 

do 

Percent 

do 

do 

do 

do 

do 

Index: 1967=100 

II. OTHER IMPORTANT ECONOMIC MEASURES 

451. Civilian labor force participation rate, males 20 years and over.. 

452. Civilian labor force participation rate, females 20 years and over 

453. Civilian labor force participation rate, both sexes 16-19 years of of age.. 

Percent 

do 

do 

1956-82 

1948-82 

do 

do 

1955-82 

1948-82 

1953-82 

1948-82 

do 

do 

1949-82 

1948-82 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

1949-82 

1954-82 

1948-82 

do 

do 

do 

0.10 

.72 

7.11 

3.81 

3.95 

2.64 

.50 

.06 

.18 

.07 

.15 

.03 

.58 

.02 

.30 

.18 

171.08 

142.00 

.07 

1.01 

.32 

.20 

.05 

.01 

.20 

2.91 

6.98 

4.16 

.28 

.12 

.18 

.14 

.12 

.38 

1.34 

.17 

.22 

.72 

0.09 

.67 

6.83 

2.63 

3.59 

1.20 

.47 

.05 

.13 

.05 

.08 

.02 

.46 

.01 

.30 

.16 

147.55 

119.33 

.04 

1.00 

.23 

.19 

.03 

.01 

.12 

2.72 

6.87 

4.00 

.20 

.10 

.15 

.11 

.08 

.24 

.92 

.16 

.21 

.67 

0.04 

.21 

1.45 

2.45 

1.22 

2.03 

.14 

.02 

.11 

.05 

.13 

.02 

.31 

.01 

.03 

.08 

70.01 

62.93 

.05 

.12 

.16 

.04 

.04 

.01 

.17 

.81 

.97 

.83 

.17 

.06 

.09 

.07 

.08 

.26 

.84 

.05 

.07 

.20 

2.12 

3.24 

4.70 

1.07 

2.94 

.59 

3.34 

2.79 

1.16 

.99 

.64 

.93 

1.47 

1.81 

10.78 

1.99 

2.11 

1.90 

.77 

8.06 

1.46 

4.88 

.73 

1.04 

.74 

3.35 

7.10 

4.80 

1.22 

1.52 

1.69 

1.63 

.93 

.91 

1.10 

3.11 

2.87 

3.32 

0.74 

.91 

(') .64 

.99 

.59 

.85 

.95 

.58 

.99 

.64 

.93 

.88 

.67 

(') .69 

.83 

.81 

.77 

(') 

.93 

(') .73 

.56 

.74 

.87 

0 

(') .78 

.77 

.78 

.73 

.93 

.91 

.64 

.86 

.71 

.93 

3.33 

1.75 

1.65 

2.85 

1.68 

3.77 

1.66 

2.17 

2.89 

5.59 

5.36 

2.69 

2.37 

2.72 

1.74 

1.89 

1.88 

2.08 

3.46 

1.75 

3.17 

1.70 

3.77 

2.93 

12.32 

1.70 

1.66 

1.70 

2.62 

2.89 

2.25 

2.46 

5.99 

2.91 

2.49 

2.09 

2.19 

1.82 

1.69 

1.56 

1.54 

1.55 

1.44 

2.18 

1.46 

1.67 

1.48 

1.55 

1.79 

1.53 

1.67 

1.60 

1.61 

1.57 

1.55 

1.64 

1.59 

1.61 

2.54 

1.51 

2.33 

1.52 

2.48 

1.51 

1.59 

1.56 

1.74 

1.93 

1.75 

1.81 

1.88 

1.63 

1.66 

1.61 

1.53 

1.59 

13.46 

7.10 

7.08 

6.25 

9.85 

6.10 

7.46 

8.73 

7.62 

7.91 

8.31 

9.52 

8.91 

9.31 

9.31 

9.52 

7.48 

7.91 

13.09 

11.64 

6.45 

6.45 

5.06 

9.11 

7.91 

8.06 

13.52 

8.06 

6.55 

7.91 

7.91 

9.74 

7.98 

8.72 

9.52 

7.35 

8.55 

6.87 

5.44 

3.15 

3.01 

4.06 

3.36 

3.77 

3.11 

4.01 

4.31 

5.59 

5.36 

2.69 

3.32 

5.09 

2.76 

4.17 

3.36 

3.69 

3.46 

2.56 

3.90 

3.16 

3.77 

4.27 

12.32 

2.93 

3.14 

3.34 

3.98 

5.02 

3.90 

4.53 

5.99 

2.91 

3.54 

4.43 

4.57 

3.13 

See footnotes at end of this part. 

BCD 1984 175 

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Table 9B. Measures of Variably: Quarterly Series 

Part I. Average Percentage Changes 

Series title Period l/C QCD T/Cfor 

QCD span 

Average duration of run (ADR) 

I QCD 

I. CYCLICAL INDICATORS 

11. Newly approved capital appropriations, 1,000 mfg corporations 

16. Corporate profits after tax in current dollars... 

18. Corporate profits after tax in 1972 dollars 

26. Ratio, implicit price deflator to unit labor cost, nonfarm business sector 

34. Corporate net cash flow in current dollars 

35. Corporate net cash flow in 1972 dollars 

49. Value of goods output in 1972 dollars 

50. Gross national product in 1972 dollars 

55. Personal consumption expenditures, automobiles 

61. Expenditures for new plant and equipment by U S nonfarm business 

63. Index of unit labor cost, business sector 

68. Labor cost per unit of real gross domestic product, nonfmancial corporations 

79. Corporate profits after tax with IVA and CCAdj in current dollars 

80. Corporate profits after tax with IVA and CCAdj in 1972 dollars 

86. Gross private nonresidential fixed investment in 1972 dollars 

87. Gross private nonresidential fixed investment in 1972 dollars, structures 

88. Gross private nonresidential fixed investment in 1972 dollars, producers' durable 

89. Gross private residential fixed investment in 1972 dollars 

97. Backlog of capital appropriations, 1000 mfg. corporations 

110. Funds raised by private nonfinancial borrowers in credit markets 

II. OTHER IMPORTANT ECONOMIC MEASURES 

200. Gross national product in current dollars 

213. Final sales in 1972 dollars 

217. Per capita gross national product in 1972 dollars 

220. National income in current dollars 

224. Disposable personal income in current dollars 

225. Disposable personal income in 1972 dollars 

227. Per capita disposable personal income in 1972 dollars 

230. Personal consumption expenditures in current dollars 

231. Personal consumption expenditures in 1972 dollars 

232. Personal consumption expenditures in current dollars, durable goods 

233. Personal consumption expenditures in 1972 dollars, durable goods 

236. Personal consumption expenditures in current dollars, nondurable goods 

237. Personal consumption expenditures in current dollars, services 

238. Personal consumption expenditures in 1972 dollars, nondurable goods 

239. Personal consumption expenditures in 1972 dollars, services 

240. Gross private domestic investment in current dollars 

241. Gross private domestic investment in 1972 dollars 

242. Gross private domestic fixed investment in current dollars 

243. Gross private domestic fixed investment in 1972 dollars 

252. Exports of goods and services in current dollars 

253. Imports of goods and services in current dollars 

256. Exports of goods and services in 1972 dollars 

257. Imports of goods and services in 1972 dollars 

260. Government purchases of goods and services in current dollars 

261. Government purchases of goods and services in 1972 dollars 

262. Federal Government purchases of goods and services in current dollars 

263. Federal Government purchases of goods and services in 1972 dollars 

266. State and local government purchases of goods and services in current dollars.. 

267. State and local government purchases of goods and services in 1972 dollars 

280. Compensation of employees 

282. Proprietors' income with IVA and CCAdj 

284. Rental income of persons with CCAdj 

286. Corporate profits before tax with IVA and CCAdj 

288. Net interest 

290. Gross saving 

292. Personal saving 

295. Business saving 

310. Implicit price deflator for gross national product 

311. Fixed-weighted price index, gross domestic business product 

345. Index of average hourly compensation, nonfarm business sector 

346. Index of real average hourly compensation, nonfarm business sector 

358. Index of output per hour, nonfarm business sector 

370. Index of output per hour, business sector 

501. Federal Government receipts 

502. Federal Government expenditures 

511. State and local government receipts 

512. State and local government expenditures 

564. Federal Government purchases of goods and services, national defense.. 

618. Merchandise exports, adjusted, excluding military 

620. Merchandise imports, adjusted, excluding military 

651. Income on U.S. investment abroad 

652. Income on foreign investment in the United States 

668. Exports of goods and services, excluding transfers under U.S. military grants... 

669. Imports of goods and services 

1953-82 

1948-82 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

1953-82 

1952-82 

1948-82 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

1960-82 

do 

do 

do 

do 

do 

8.78 

5.65 

5.54 

.62 

4.40 

4.21 

1.61 

1.17 

7.32 

2.92 

1.22 

1.28 

6.56 

6.52 

2.40 

2.15 

3.11 

4.47 

4.99 

11.48 

1.99 

1.01 

.99 

2.03 

1.89 

1.06 

.87 

1.88 

1.04 

3.70 

3.30 

1.62 

2.14 

.88 

.97 

5.38 

4.58 

2.77 

2.36 

4.31 

4.28 

3.52 

3.42 

2.68 

1.58 

3.53 

2.73 

2.46 

 1.21 

2.02 

2.33 

2.18 

5.29 

3.55 

5.38 

12.81 

3.17 

1.06 

1.06 

1.51 

.68 

3.15 

3.30 

2.44 

2.38 

3.42 

5.02 

5.15 

6.04 

6.23 

4.27 

4.36 

4.83 

2.89 

3.10 

.38 

1.93 

2.17 

.76 

.41 

5.13 

.89 

.40 

.43 

3.76 

3.86 

.94 

.95 

1.42 

1.52 

.93 

7.61 

.46 

.39 

.41 

.46 

.38 

.43 

.43 

.46 

.43 

2.22 

2.15 

.41 

.23 

.40 

.23 

2.61 

2.39 

.90 

.84 

2.13 

2.10 

2.05 

2.04 

.71 

.58 

1.34 

1.07 

.41 

.37 

.26 

1.26 

1.11 

2.88 

.90 

2.73 

9.01 

1.64 

.19 

.20 

.20 

.26 

.41 

.45 

1.29 

1.17 

.69 

.41 

1.17 

2.71 

2.35 

3.18 

2.61 

2.02 

1.96 

6.46 

4.40 

4.20 

.43 

3.43 

3.16 

1.32 

1.05 

4.62 

2.68 

1.10 

1.14 

4.55 

4.56 

2.05 

1.88 

2.53 

3.98 

4.81 

7.32 

1.93 

.95 

.85 

1.94 

1.86 

.94 

.70 

1.79 

.91 

2.63 

2.34 

1.58 

2.12 

.72 

.95 

4.22 

3.62 

2.49 

2.06 

3.38 

3.38 

2.53 

2.35 

2.58 

1.35 

3.14 

2.24 

2.42 

1.12 

2.01 

1.87 

1.63 

3.98 

3.48 

4.09 

7.36 

2.43 

1.04 

1.02 

1.50 

.60 

.64 

.73 

2.75 

2.88 

2.37 

2.34 

3.17 

3.48 

4.14 

4.80 

5.43 

3.21 

3.60 

0.75 

.66 

.74 

.87 

.56 

.69 

.58 

.39 

1.11 

.33 

.37 

.37 

.83 

.85 

.46 

.51 

.56 

.38 

.19 

1.04 

.24 

.41 

.48 

.24 

.20 

.46 

.61 

.26 

.47 

.84 

.92 

.26 

.11 

.55 

.24 

.62 

.66 

.36 

.41 

.63 

.62 

.81 

.87 

.27 

.43 

.43 

.48 

.17 

.33 

.13 

.68 

.68 

.72 

.26 

.67 

1.22 

.67 

.18 

.20 

.14 

.43 

.64 

.61 

.47 

.41 

.29 

.18 

.37 

.78 

.57 

.66 

.48 

.63 

.54 

).75 

.66 

.74 

.87 

.56 

.69 

.58 

.39 

.38 

.33 

.37 

.37 

.83 

.85 

.46 

.51 

.56 

.38 

.19 

.37 

.24 

.41 

.48 

.24 

.20 

.46 

.61 

.26 

.47 

.84 

.92 

.26 

.11 

.55 

.24 

.62 

.66 

.36 

.41 

.63 

.62 

.81 

.87 

.27 

.43 

.43 

.48 

.17 

.33 

.13 

.68 

.68 

.72 

.26 

.67 

.47 

.67 

.18 

.20 

.14 

.43 

.64 

.61 

.47 

.41 

.29 

.18 

.37 

.78 

.57 

.66 

.48 

.63 

.54 

2.64 

2.67 

2.24 

2.17 

2.84 

2.28 

2.90 

4.34 

2.32 

5.79 

4.63 

4.63 

2.36 

2.36 

3.39 

3.31 

173 

3.39 

4.41 

1.89 

7.32 

3.97 

2.90 

6.62 

19.86 

4.79 

3.47 

10.69 

4.79 

2.73 

2.62 

10.69 

139.00 

3.56 

19.86 

2.78 

2.67 

3.97 

3.76 

2.62 

3.16 

2.36 

2.24 

9.27 

2.96 

3.23 

2.62 

19.86 

5.35 

15.44 

2.96 

3.66 

2.57 

15.44 

2.48 

1.93 

2.44 

15.44 

15.44 

139.00 

4.48 

3.09 

3.23 

4.34 

4.21 

12.64 

19.86 

3.56 

2.07 

3.25 

2.84 

3.64 

2.68 

4.14 

1.23 

1.26 

1.22 

1.22 

1.25 

1.26 

1.24 

1.26 

1.20 

1.34 

1.29 

1.29 

1.29 

1.29 

1.30 

1.29 

1.25 

1.35 

1.25 

1.24 

1.26 

1.25 

1.26 

1.30 

1.43 

1.39 

1.39 

1.21 

1.21 

1.20 

1.20 

1.25 

1.28 

1.38 

1.23 

1.34 

1.34 

1.30 

1.35 

1.30 

1.31 

1.25 

1.30 

1.30 

1.30 

1.30 

1.28 

1.25 

1.39 

1.34 

1.25 

1.34 

1.26 

1.32 

1.26 

1.29 

1.31 

1.28 

1.32 

1.30 

1.39 

1.20 

1.25 

1.38 

1.35 

1.23 

1.30 

1.28 

1.34 

1.30 

1.25 

1.28 

1.34 

1.30 

3.84 

4.79 

4.21 

3.76 

4.79 

3.97 

6.32 

8.18 

3.66 

6.95 

8.18 

9.27 

3.76 

4.09 

5.15 

5.79 

4.79 

5.56 

7.00 

4.39 

15.44 

10.69 

5.79 

15.44 

46.33 

8.18 

7.72 

27.80 

9.27 

4.48 

4.21 

27.80 

139.00 

8.18 

27.80 

5.35 

5.79 

5.35 

6.04 

6.04 

6.04 

4.48 

4.34 

19.86 

4.79 

5.15 

4.79 

46.33 

11.58 

15.44 

5.15 

5.35 

4.48 

27.80 

4.96 

3.31 

5.56 

19.86 

27.80 

139.00 

8.18 

7.32 

5.56 

7.72 

10.69 

139.00 

46.33 

5.15 

4.55 

6.50 

4.55 

6.07 

7.58 

9.10 

2.64 

2.67 

2.24 

2.17 

2.84 

2.28 

2.90 

4.34 

3.21 

5.79 

4.63 

4.63 

2.36 

2.36 

3.39 

3.31 

2.73 

3.39 

4.41 

4.07 

7.32 

3.97 

2.90 

6.62 

19.86 

4.79 

3.47 

10.69 

4.79 

2.73 

2.62 

10.69 

139.00 

3.56 

19.86 

2.78 

2.67 

3.97 

3.76 

2.62 

3.16 

2.36 

2.24 

9.27 

2.96 

3.23 

2.62 

19.86 

5.35 

15.44 

2.96 

3.66 

2.57 

15.44 

2.48 

2.88 

2.44 

15.44 

15.44 

139.00 

4.48 

3.09 

3.23 

4.34 

4.21 

12.64 

19.86 

3.56 

2.07 

3.25 

2.84 

3.64 

2.68 

4.14 

See footnotes at end of this part. 

176 The Handbook of Cyclical Indicators 

Digitized for FRASER 

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Federal Reserve Bank of St. Louis
Table 9B. Measures of Variability: Quarterly Series—Continued 

Part II. Average Actual Changes 

Series title Unit of 

measure 

Period l/C QCO l/C for 

QCD span 

Average duration of run (ADR) 

C QCD 

I. CYCLICAL INDICATORS 

15. Profits after taxes per dollar of sales, mfg. corporations Cents 

22. Ratio, profits after tax to total corporate domestic income Percent 

30. Change in business inventories in 1972 dollars Annual rate, billion dollars 

58. Index of consumer sentiment ® Index: IQ 1966=10 0 

64. Compensation of employees as a percent of national income Percent 

67. Bank rates on short-term business loans < $ do 

8 1. Ratio, profits after tax with IVA and CCAd| to total corporate domestic income do 

82. Capacity utilization rate, mfg do 

83. Capacity utilization rate, manufacturers do 

84. Capacity utilization rate, materials do 

107. Ratio, gross national product to money supply M l Ratio 

II. OTHER IMPORTANT ECONOMIC MEASURES 

235. Personal consumption expenditures as a percent of GNP Percent 

245. Change in business inventories in current dollars Annual rate, billion dollars 

247. Change in business inventories as a percent of GNP.... Percent 

248. Gross private nonresidential fixed investment as a percent of GNP do 

249. Gross private residential fixed investment as a percent of GNP do 

250. Net exports of goods and services in current dollars... Annual rate, billion dollars 

251. Net exports of goods and services as a percent of GNP Percent 

255. Net exports of goods and services in 1972 dollars Annual rate, billion dollars 

265. Federal Government purchases of goods and services as a percent of GNP Percent 

268. State and local government purchases of goods and services as a percent of GNP do 

283. Proprietors' income with IVA and CCAdj as a percent of national income do 

285. Rental income of persons with IVA and CCAdj as a percent of national income do 

287. Corporate profits before tax with IVA and CCAdj as a percent of national income do 

289. Net interest as a percent of national income do 

293. Personal saving rate do 

298. Government surplus or deficit Annual rate, billion dollars 

348. Negotiated wage and benefit decisions, average first-year changes ® Annual rate, percent 

349. Negotiated wage and benefit decisions, average changes over life of contract @ do 

500. Federal Government surplus or deficit Annual rate, billion dollars 

510. State and local government surplus or deficit do 

565. National defense purchases as a percent of GNP Percent 

622. Balance on merchandise trade Million dollars 

667. Balance on goods and services do 

1948-82 

do 

do 

1952-82 

1948-82 

do 

do 

do 

1965-82 

1948-82 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

1968-82 

do 

1948-82 

do 

do 

1960-82 

do 

0.26 

.53 

4.64 

3.28 

.42 

.47 

.57 

1.65 

1.12 

2.30 

.05 

.46 

5.59 

.60 

.18 

.18 

2.57 

.24 

1.83 

.30 

.13 

.21 

.05 

.47 

.10 

.70 

6.15 

2.08 

1.22 

6.18 

1.45 

.23 

806.45 

830.78 

0.15 

.29 

3.18 

1.98 

.26 

.27 

.34 

.67 

.64 

1.07 

.02 

.31 

3.93 

.42 

.10 

.07 

1.66 

.13 

.94 

.14 

.07 

.13 

.04 

.27 

.04 

.50 

3.21 

1.53 

.88 

3.41 

.94 

.10 

479.09 

582.76 

0.19 

.39 

2.61 

2.23 

.32 

.37 

.40 

1.40 

.95 

1.84 

.04 

.32 

3.12 

.36 

.15 

.17 

1.74 

.18 

1.47 

.25 

.11 

.15 

.04 

.34 

.09 

.42 

5.13 

1.21 

.73 

4.86 

.90 

.21 

594.62 

604.13 

0.79 1 0 

.75 1 

1.22 2 

.89 1 

.83 1 

.74 1 

.86 1 

.48 1 

.68 1 

.58 1 

.52 1 

.97 1 

1.26 2 

1.19 2 

.71 1 

.40 1 

.95 1 

.75 1 

.64 1 

.54 1 

.61 1 

.81 1 

.95 1 

.79 1 

.43 1 

1.17 2 

.63 1 

1.27 2 

1.20 2 

.70 1 

1.04 2 

.48 1 

.81 1 

.96 1 

79 

75 

55 

89 

83 

74 

86 

48 

68 

58 

52 

97 

54 

49 

71 

40 

95 

75 

64 

54 

61 

81 

95 

79 

43 

47 

63 

54 

52 

70 

45 

48 

81 

96 

2.62 

2.67 

1.78 

2.18 

2.84 

2.40 

2.24 

3.97 

3.09 

2.90 

3.16 

2.17 

1.78 

2.11 

3.09 

5.15 

2.24 

2.40 

2.62 

3.09 

3.76 

2.84 

6.32 

2.32 

6.04 

1.83 

2.73 

1.51 

1.90 

2.73 

2.32 

4.79 

2.12 

2.12 

1.32 

1.26 

1.34 

1.17 

1.23 

1.39 

1.29 

1.38 

1.39 

1.32 

1.36 

1.24 

1.31 

1.31 

1.26 

1.32 

1.26 

1.29 

1.36 

1.32 

1.32 

1.28 

1.26 

1.22 

1.35 

1.29 

1.25 

1.26 

1.28 

1.30 

1.24 

1.23 

1.36 

1.28 

3.76 

3.86 

3.47 

4.14 

4.09 

3.86 

4.21 

5.15 

3.09 

4.09 

5.79 

3.66 

3.66 

3.31 

4.79 

5.15 

4.21 

4.21 

4.79 

3.97 

5.15 

3.76 

3.47 

3.86 

5.56 

3.16 

4.48 

2.57 

2.36 

4.21 

3.47 

6.04 

4.55 

4.55 

2.62 

2.67 

2.46 

2.18 

2.84 

2.40 

2.24 

3.97 

3.09 

2.90 

3.16 

2.17 

2.46 

2.65 

3.09 

5.15 

2.24 

2.40 

2.62 

3.09 

3.76 

2.84 

6.32 

2.32 

6.04 

2.76 

2.73 

2.64 

2.32 

2.73 

3.29 

4.79 

2.12 

2.12 

See footnotes at end of this part. 

BCD 1984 177 

Digitized for FRASER 

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Federal Reserve Bank of St. Louis
Table 10. U.S. Business Cycles: Reference Dates and Duration 

Duration in months 

Business cycle reference dates Contraction 

(trough from 

previous peak) 

Cycle 

Expansion 

(trough to peak) 

Trough from 

previous trough 

Peak from 

previous peak 

Trough Peak 

December 1854.. 

December 1858.. 

June 1861 

December 1867.. 

December 1870.. 

.June 1857 

...October I860.. 

..April 1865 

...June 1869 

...October 1873.. 

March 1879.. 

May 1885 

April 1888 

May 1891 

June 1894.... 

..March 1882 

..March 1887 

..July 1890 

..January 1893 

..December 1895.. 

June 1897 

December 1900.. 

August 1904 

June 1908 

January 1912 

..June 1899 

...September 1902. 

...May 1907 

..January 1910 

...January 1913 

December 1914.. 

March 1919 

July 1921 

July 1924 

November 1927. 

...August 1918.... 

...January 1920.. 

...May 1923 

...October 1926.. 

...August 1929.... 

March 1933 

June 1938 

October 1945.. 

October 1949.. 

May 1954 

..May 1937 

..February 1945... 

..November 1948. 

..July 1953 

..August 1957 

April 1958 

February 1961.... 

November 1970. 

March 1975 

July 1980 

November 1982. 

...April 1960 

...December 1969.. 

...November 1973. 

...January 1980 

...July 1981 

Average, all cycles: 

1854-1982 (30 cycles). 

1854-1919 (16cycles). 

1919-1945 (6 cycles)... 

1945-1982 (8 cycles)... 

Average, peacetime cycles: 

1854-1982 (25 cycles). 

1854-1919 (14 cycles). 

1919-1945 (5 cycles)... 

1945-1982 (6 cycles)... 

18 

8 

JL 

18 

65 

38 

13 

10 

17 

18 

18 

23 

13 

24 

23 

_L 

18 

14 

13 

43 

13 

JL 

11 

i i 

8 

10 

16 

6 

16 

18 

22 

18 

11 

19 

22 

20 

11 

30 

22 

i i 

18 

34 

36 

22 

27 

20 

18 

24 

21 

33 

19 

12 

JL 

10 

22 

27 

21 

50 

JO. 

37 

JL 

39 

24 

106 

36 

58 

12 

33 

27 

35 

45 

27 

24 

26 

34 

48 

30 

JL 

36 

99 

74 

35 

37 

37 

36 

42 

44 

46 

43 

35 

iL 

28 

36 

40 

64 

63 

JL 

48 

JL 

47 

34 

117 

52 

64 

28 

51 

48 

53 

56 

46 

46 

46 

46 

40 

M. 

50 

52 

101 

60 

40 

30 

35 

42 

39 

56 

32 

36 

i i 

17 

40 

41 

34 

93 

45 

i i 

49 

32 

116 

47 

74 

18 

•51 

2

49 

53 

55 

3

46 

4

47 

45 

44 

See footnotes at end of this part. 

178 The Handbook of Cyclical Indicators 

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Footnotes to Reference Materials Tables 

General: 

CCAdj—capital consumption adjustment 

IVA—inventory valuation adjustment 

NOTE: Series titles are shortened where necessary to conserve space. For complete titles, definitions, and 

sources of series, see the series descriptions in part I of this Handbook. 

Tables 7 and 8: 

1

 Inverted series. Because this series is inversely related to broad movements in aggregate economic activity, 

its lower turning points are considered peaks and its upper turning points are considered troughs. 

2

 This series is a 4-term moving average (weighted 1,2,2,1) placed on the terminal month of the span. 

NOTE: Series are seasonally adjusted except for those, indicated by ®, that appear to contain no seasonal 

movement. Series indicated by an asterisk (*) are components of the major composite indexes. 

Tables 9A and 9B: 

1

 The l/C ratio is not shown when MCD is 6. 

2

 This series is a 4-term moving average (weighted 1,2,2,1) placed on the terminal month of the span. 

® This series appears to contain no seasonal movement; the measures shown are derived from unadjusted 

data. 

Table 10: 

NOTE: Underscored figures are the wartime expansions (Civil War, World Wars I and II, Korean war, and 

Vietnam war), the postwar contractions, and the full cycles that include the wartime expansions. 

l

29 cycles

 215 cycles 324 cycles 413 cycles 

Source: National Bureau of Economic Research, Inc. 

BCD 1984 179 

Digitized for FRASER 

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Federal Reserve Bank of St. Louis
BIBLIOGRAPHY 

Auerbach, Alan J., "The Index of Leading Indicators: 'Measurement Without Theory,' Thirty-Five Years 

Later," The Review of Economics and Statistics, Vol. LXIV, No. 4, November 1982, pp. 589-595. 

Bronfenbrenner, Martin, ed., Is the Business Cycle Obsolete?, John Wiley & Sons, Inc., New York, 1969. 

Bry, Gerhard and Boschan, Charlotte, Cyclical Analysis of Time Series: Selected Procedures and Computer 

Programs, National Bureau of Economic Research, Inc., New York, 1971. 

Burns, Arthur F. and Mitchell, Wesley C, Measuring Business Cycles, National Bureau of Economic Research, 

Inc., New York, 1946. 

Koopmans, Tjalling C, "Measurement Without Theory," The Review of Economics and Statistics, August 

1947; Vining, Rutledge, "Koopmans on the Choice of Variables to be Studied and of Methods of Measurement," 

ibid., May 1949; Koopmans, T. C, "A Reply," ibid., May 1949; Vining, R., "A Rejoinder," ibid., May 1949. These 

papers, with an "Additional Comment" by Koopmans, are reprinted in Gordon, Robert A. and Klein, Lawrence R., 

eds., Readings in Business Cycles, Richard D. Irwin, Inc., Homewood, III., 1965. 

Mass, Nathaniel J., Economic Cycles: An Analysis of Underlying Causes, Wright-Allen Press, Inc., Cambridge, 

Mass., 1975. 

Mitchell, Wesley C, Business Cycles: The Problem and Its Setting, National Bureau of Economic Research, 

Inc., New York, 1927. 

Mitchell, Wesley C, What Happens During Business Cycles: A Progress Report, National Bureau of Economic 

Research, Inc., New York, 1951. 

Mitchell, Wesley C, Business Cycles and Their Causes, (1941), University of California Press, Berkeley and Los 

Angeles, reprint 1971. 

Moore, Geoffrey H., ed., Business Cycle Indicators, Princeton University Press, Princeton, N.J., 1961. 

Moore, Geoffrey H., Business Cycles, Inflation, and Forecasting, National Bureau of Economic Research, Inc., 

Cambridge, Mass., 1980. 

Moore, Geoffrey H. and Shiskin, Julius, Indicators of Business Expansions and Contractions, National Bureau 

of Economic Research, Inc., New York, 1967. 

Shiskin, Julius, Electronic Computers and Business Indicators, National Bureau of Economic Research, Inc., 

New York, 1957. Reprinted from the Journal of Business, October 1957. 

Shiskin, Julius, Signals of Recession and Recovery: An Experiment With Monthly Reporting, National Bureau of 

Economic Research, Inc., New York, 1961. 

Vaccara, Beatrice N. and Zamowitz, Victor, "Forecasting With the Index of Leading Indicators," Working Paper 

No. 244, National Bureau of Economic Research, Inc., May 1978. 

Zamowitz, Victor, ed., The Business Cycle Today, National Bureau of Economic Research, Inc., New York, 

1972. 

Zamowitz, Victor and Boschan, Charlotte, "Cyclical Indicators: An Evaluation and New Leading Indexes," 

Business Conditions Digest, May 1975, pp. v-xxii. Reprinted in the Handbook of Cyclical Indicators, 

1977. 

Zamowitz, Victor and Boschan, Charlotte, "New Composite Indexes of Coincident and Lagging Indicators," 

Business Conditions Digest, November 1975, pp. v-xxiv. Reprinted in the Handbook of Cyclical Indicators, 1977. 

180 The Handbook of Cyclical Indicators 

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STATISTICAL INDICATORS COMPUTER TAPES 

Business Conditions Digest Data File. This tape contains complete data (starting in 1945 when available) for 

approximately 500 series from the Business Conditions Digest data file. Included are data on national 

income and product accounts, employment and unemployment, production, income, consumption, trade, fixed 

capital investment, inventories, prices, profits, money, credit, foreign trade, composite indexes, and diffusion 

indexes. The file is updated monthly. 

Accession No. BEA SID 76-001 $100.00 

Long-Term Economic Growth, 1860-1970 (1973). This tape contains annual data for approximately 800 series 

published in appendix 3 of Long-Term Economic Growth, 1860-1970, excluding those series covered by 

copyright restrictions. Included are data on national income and product accounts, distribution of income, 

productivity, utilization of labor and capital, and other national economic trends. 

Accession No. BEA SID 73-001 $100.00 

Seasonal Adjustment, Composite-Diffusion Indexes, and Time Series Processor Programs (1970). This package 

contains four FORTRAN computer programs. Descriptions of the programs and their uses are included with the 

tape. 

X-l l Seasonal Adjustment Program. This program seasonally adjusts monthly time series and provides 

seasonal factors. Additive or multiplicative adjustments may be computed. 

X-11Q Seasonal Adjustment Program. This program seasonally adjusts quarterly time series and provides 

seasonal factors. Additive or multiplicative adjustments may be computed. 

Composite-Diffusion Indexes Program. This program computes diffusion indexes and combines series into 

composite indexes. 

Time Series Processor Program. This program performs a variety of arithmetic and statistical operations on 

time series. The user may add operations of his own. 

Accession No. BEA SID 70-001 $100.00 

How To Order Computer Tapes: 

Each entry above includes the title of the computer tape, date of issue, accession number, and price. The 

recording mode is odd parity, 9 track, and either 800 or 1600 BPI density. The Bureau's standard output tape is 

the ASCII character set with ANSI standard labels. Tapes requested in this mode will be copied and compared 

with the original data to assure complete accuracy. An alternate EBCDIC character set, with or without internal 

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whether internal labels should be included. Payment by check or money order payable to Bureau of Economic 

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SOURCE AGENCIES 

MAILING addresses of source agencies from which more information can be obtained 

about the series they prepare are listed below: 

American Bankers Association, 1120 Connecticut Avenue, N.W., Washington, DC 20036 

American Council of Life Insurance, 1850 K Street, N.W., Washington, DC 20006 

Banca d'ltalia, Amministrazione Centrale, Servizio Studi, Via Nazionale, 91 00184 ROMA, Italy 

Bank of Japan, 2-1 , 2-chome Hongokucho, Nihonbashi, Chuo-ku, Tokyo 103, Japan 

Bond Buyer, The, 1 State Street Plaza, New York, NY 10004 

Bureau of Statistics, Office of the Prime Minister, 95 Wakamatsucho Shinjuku-Ku, Tokyo 162, Japan 

Central Statistical Office, Great George Street, London SW1P 3AQ, England 

Citibank, 55 Water Street, 47th Floor, New York, NY 10043 

Commodity Research Bureau, Inc., 75 Montgomery Street, Jersey City, NJ 07302 

Conference Board, Inc., The, 845 Third Avenue, New York, NY 10022 

Department of Employment, Caxton House, Tothill Street, London SW1H 9NF, England 

Dun & Bradstreet, Inc., 99 Church Street, New York, NY 10007 

Institut National de la Statistique et des Etudes Economiques, 18, boulevard, Adolphe-Pinard, 75675 Paris CEDEX 

14, France 

Istituto Centrale di Statistica, Via Cesare Balbo, 16-ROMA, Italy 

McGraw-Hill Information Systems Company, F.W. Dodge Division, 1221 Avenue of the Americas, New York, NY 

10020 

Metropolitan Life Insurance Company, 1 Madison Avenue, New York, NY 10010 

Ministry of International Trade and Industry, 1-3-1 Kasumigaseki Chiyoda-Ku, Tokyo 100, Japan 

National Association of Mutual Savings Banks, 200 Park Avenue, New York, NY 10166 

National Bureau of Economic Research, 1050 Massachusetts Avenue, Cambridge, MA 02138 

Organization for Economic Cooperation and Development, 2, rue Andre-Pascal, 75775 Paris CEDEX 16, France 

Purchasing Management Association of Chicago, 201 North Wells Street, Chicago, IL 60606 

Standard & Poor's Corporation, 25 Broadway, New York, NY 10004 

Statistiches Bundesamt, Gustav-Stresemann-Ring 11, 6200 Wiesbaden 1, Postfach 5528, Germany 

Statistics Canada, Industry Product Division, Ottawa K1A 0V5, Canada 

United States Government: 

Department of Commerce: 

Bureau of the Census, Washington, DC 20233 

Bureau of Economic Analysis, Washington, DC 20230 

Department of Defense: 

Office of the Assistant Secretary of Defense (Comptroller), Directorate for Program and Financial Control, 

Washington, DC 20301 

Office of the Assistant Secretary of Defense (Comptroller), Washington Headquarters Services, Directorate 

for Information Operations and Reports, Washington, DC 20301 

Department of Housing and Urban Development: 

Federal Housing Administration, Washington, DC 20410 

Department of Labor: 

Bureau of Labor Statistics, Washington, DC 20212 

Employment and Training Administration, Washington, DC 20213 

Department of the Treasury: 

Office of the Secretary, Washington, DC 20220 

Independent Agencies: 

Board of Governors of the Federal Reserve System, Washington, DC 20551 

Federal Reserve Bank of New York, The, 33 Liberty Street, New York, NY 10045 

Federal Home Loan Bank Board, 1700 G Street, N.W., Washington, DC 20552 

Federal National Mortgage Association, 3900 Wisconsin Avenue, N.W., Washington, DC 20016 

Government National Mortgage Association, 451 7th Street, S.W., Washington, DC 20410 

University of Michigan, Survey Research Center, 426 Thompson Street, Ann Arbor, Ml 48019 

182 The Handbook of Cyclical Indicators 

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Federal Reserve Bank of St. Louis
SERIES FINDING GUIDES 

THERE are two series finding guides: An alphabetical index and a numerical index of series 

identification numbers. 

Users of the Handbook may need to refer first to the alphabetical index to find either a 

series description or a set of historical data. This index is arranged by subject or key word 

or phrase in a series title. For example, the alphabetical index lists "inventories" and 

below that lists the various inventory series—series in current and constant dollars, level 

and change series, and inventories by type. The listing for each series indicates the pages 

on which the series description and the historical data begin. 

The numerical index facilitates quick reference if a series number is known—the charts 

and tables in BCD identify the series by number—or if a series number is referred to in the 

Handbook. For example, in the Handbooks descriptions of series that are percentages of 

national income, the series number for national income, 220, is given; it could be used with 

the numerical index to find quickly the description or historical data for that series. The 

listings in the numerical index also indicate the year each series begins. 

In both indexes, numbers in roman type indicate series description pages, and numbers 

in italics indicate historical data pages. 

Digitized for FRASER 

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Federal Reserve Bank of St. Louis
Series 

Series title number Pages 

A 

Accession rate, manufacturing 2 5,7 

Agricultural products, exports 604 56,121 

Anticipations and intentions 

Business expenditures, new plant and equipment 61 23,145 

Business expenditures, new plant and equipment, Dl 970 23,163 

Consumer sentiment, index 58 20,88 

Employees, manufacturing and trade, Dl 974 37,164,165 

Inventories, manufacturing and trade, Dl 975 37,155 

New orders, manufacturing, Dl 971 37,163,164 

Prices, manufacturing, Dl 976 37,155 

Prices, retail trade, Dl 978 37,155 

Prices, wholesale trade, Dl 977 37,165,166 

Profits, manufacturing and trade, Dl 972 37,164 

Sales, manufacturing and trade, Dl 973 37,164 

Automobiles 

Imports of automobiles and parts 616 56,122 

Personal consumption expenditures 55 39,145 

B 

Balance of payments—See International transactions. 

Bank loans—See Business loans. 

Bank rates—See Interest rates. 

Bank reserves 

Free reserves 93 35,95 

Member bank borrowings from the Federal Reserve 94 35,95 

Bonds—See Interest rates. 

Borrowing—See Credit. 

Budget—See Government. 

Building—See Construction. 

Building permits, new private housing 29 24,75 

Business equipment, industrial production 76 12,95 

Business expenditures, new plant and equipment 61 23,145 

Business expenditures, new plant and equipment, Dl 970 23,163 

Business failures, current liabilities 14 34,75 

Business formation, index 12 21,74 

Business incorporations 13 21,75 

Business inventories—See Inventories. 

Business loans 

Loans outstanding, constant dollars 101 32,97 

Loans outstanding, current dollars 72 32,9i 

Net change 112 32,100 

Business saving 295 26,157 

c 

Canada—See International comparisons. 

Capacity utilization 

Manufacturers 83 14,145 

Manufacturing 82 14,145 

Materials 84 14,147 

Capital appropriations, manufacturing 

Backlog 97 22,147 

Newly approved 11 22,145 

Newly approved, Dl 965 22,155 

Capital equipment, producer price index 333 51,108,109 

Capital investment—See Investment, capital. 

Capital investment commitments, CI 914 5,132 

Cash flow, corporate, constant dollars 35 26,144 

Cash flow, corporate, current dollars 34 26,144 

Civilian labor force—See also Employment. 

Employment 442 9,115 

Employment as percent of population 90 9,94 

Labor force 441 9,115 

184 

INDEX 

Series 

Series title number Pages 

Unemployed 37 9,80 

Coincident indicators, four 

Composite index 920 5,154 

Diffusion index 951 5,157 

Ratio to lagging indicators, composite index 940 5,155 

Commercial and industrial buildings, contracts awarded 9 21,75,74 

Commercial and industrial loans 

Loans outstanding, constant dollars 101 32,97 

Loans outstanding, current dollars 72 32,91 

Net change 112 32,100 

Compensation—See also Income. 

Compensation, average hourly, nonfarm business sector 345 46,155 

Compensation of employees 280 46,155 

Compensation of employees, percent of national income 64 46,145 

Compensation, real average hourly, nonfarm business sector 346 46,155,159 

Earnings, average hourly, private nonfarm economy 340 5,111,112 

Earnings, real average hourly, private nonfarm economy 341 5,112,113 

Wage and benefit decisions, first year 348 53,159 

Wage and benefit decisions, life of contract 349 53,159 

Wages and salaries in mining, manufacturing, and construction 53 11,87 

Composite indexes 

Coincident indicators, four 920 5,154 

Lagging indicators, six 930 5,155 

Leading indicators 

Capital investment commitments 914 5,152 

Inventory investment and purchasing 915 5,155 

Marginal employment adjustments 913 5,152 

Money and financial flows 917 5,155 

Profitability 916 5,155 

Twelve leaders 910 5,131,132 

Ratio, coincident index to lagging index 940 5,155 

Construction 

Building permits, new private housing 29 24,75 

Contracts awarded, commercial and industrial buildings 9 21,75,74 

Expenditures, plus machinery and equipment sales 69 17,90 

Gross private fixed investment 

Nonresidential, constant dollars 86 40,147 

Nonresidential, percent of GNP 248 40,152 

Nonresidential structures, constant dollars 87 40,147 

Residential, constant dollars 89 40,147 

Residential, percent of GNP 249 40,152 

Housing starts 28 24,75 

Consumer finished goods, producer price index 334 51,109,110 

Consumer goods and materials, new orders 8 15,75 

Consumer goods, industrial production 75 12,92 

Consumer installment credit 

Credit outstanding 66 33,90 

Net change 113 33,100 

Ratio to personal income 95 33,95 

Consumer installment loans, delinquency rate 39 34,51 

Consumer prices—See also International comparisons. 

All items 320 49,60,105,104 

Food 322 49,1041105 

Consumer sentiment, index 58 20,55 

Consumption expenditures—See Personal consumption expenditures. 

Contract awards, Defense Department 525 55,117 

Contracts and orders, plant and equipment, constant dollars 20 21,75 

Contracts and orders, plant and equipment, current dollars 10 21,74 

Corporate bond yields 116 35,101 

Corporate profits—See Profits. 

Costs—See Labor costs and Price indexes. 

Credit 

Borrowing, total private 110 34,145 

The Handbook of Cyclical Indicators 

Digitized for FRASER 

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Federal Reserve Bank of St. Louis
Mphabetical Index—Continued 

Series 

Series title number 

Business loans 

Loans outstanding, constant dollars 101 

Loans outstanding, current dollars 72 

Net change 112 

Consumer installment credit 

Credit outstanding 66 

Net change 113 

Ratio to personal income 95 

Consumer installment loans, delinquency rate 39 

Credit outstanding, percent change Il l 

Mortgage debt, net change 33 

Crude and intermediate materials, change in producer prices 98 

Crude materials, producer price index 331 

D 

Debt-See Credit. 

Defense and space equipment, industrial production 557 

Defense Department 

Gross obligations incurred 517 

Gross unpaid obligations 543 

Net outlays 580 

Personnel, civilian 578 

Personnel, military 577 

Prime contract awards 525 

Defense products 

Inventories, manufacturers' 559 

New orders, manufacturers' 548 

Shipments, manufacturers' 588 

Unfilled orders, manufacturers' 561 

Defense products industries, employment 570 

Defense purchases, goods and services 564 

Defense purchases, percent of GNP 565 

Deficit—See Government. 

Deflators—See Price indexes. 

Delinquency rate, consumer installment loans 39 

Deliveries, vendor performance 32 

Diffusion indexes 

Business expenditures, new plant and equipment 970 

Capital appropriations, manufacturing 965 

Coincident indicators 951 

Employees, manufacturing and trade 974 

Employees on private nonagricultural payrolls 963 

Industrial production 966 

Initial claims, State unemployment insurance 962 

Inventories, manufacturing and trade 975 

Lagging indicators 952 

Leading indicators 950 

New orders, durable goods industries 964 

New orders, manufacturing 971 

Profits, manufacturing 960 

Profits, manufacturing and trade 972 

Raw industrials, spot market prices 967 

Sales, manufacturing and trade 973 

Selling prices, manufacturing 976 

Selling prices, retail trade 978 

Selling prices, wholesale trade 977 

Stock prices, 500 common stocks 968 

Workweek, manufacturing 961 

Disposable personal income—See Income. 

E 

Earnings—See Compensation. 

Employment and unemployment 

Accession rate, manufacturing 2 

Civilian labor force 441 

Defense Department personnel, civilian 578 

Defense Department personnel, military 577 

Employee hours in nonagricultural establishments 48 

Employees in goods-producing industries 40 

Employees, manufacturing and trade, Dl 974 

Employees on nonagricultural payrolls 41 

Employees on private nonagricultural payrolls, Dl 963 

Employment, civilian 442 

Employment, defense products industries 570 

Employment, ratio to population 90 

Series 

Series title Pages 

32,97 

32,91 

32,100 

33,90 

33,100 

33,95 

34,52 

31,200 

31,75 

51,96 

$0,106,107 

13,118 

55,116 

55,ii7 

56,220 

56,229 

56,229 

55,227 

17,22c? 

15,227 

17,220 

15,225 

5,229 

43,252 

43,252 

34,52 

17,79 

23,253 

22,253 

5,237 

31,164,165 

5,239,240 

12,242 

8,239 

37,255 

$,137,138 

5,235 

15,240 

31,163,164 

31,162 

31,164 

25,141,142 

31,164 

31,165 

31,166 

31,165,166 

25,142 

5,138 

5,7 

9,223 

56,229 

56,229 

5,84,85 

5,81 

31,164,165 

5,81 

5,139,140 

9,223 

5,229 

9,94 

Help-wanted advertising in newspapers 46 

Help-wanted advertising, ratio to unemployment 60 

Initial claims, State unemployment insurance 5 

Initial claims, State unemployment insurance, Dl 962 

Layoff rate, manufacturing 3 

Marginal employment adjustments, CI 913 

Overtime hours, manufacturing 21 

Participation rate, both sexes 16-19 years of age 453 

Participation rate, females 20 years and over 452 

Participation rate, males 20 years and over 451 

Part-time workers for economic reasons 448 

Persons engaged in nonagricultural activities 42 

Unemployed, both sexes 16-19 years of age 446 

Unemployed, females 20 years and over 445 

Unemployed, full-time workers 447 

Unemployed, males 20 years and over 444 

Unemployment, average duration 91 

Unemployment, civilian 37 

Unemployment rate, 15 weeks and over 44 

Unemployment rate, insured 45 

Unemployment rate, total 43 

Workweek, manufacturing 1 

Workweek, manufacturing, Dl 961 

Equipment—See Investment, capital. 

Exports—See International transactions. 

Federal funds rate 119 

Federal Government—See Government. 

Federal Reserve, member bank borrowings from 94 

Final sales in constant dollars 213 

Financial flows, CI 917 

Fixed investment—See Investment, capital. 

Fixed-weighted price index, gross domestic business product 311 

Food—See Consumer prices. 

Foreign trade—See International transactions. 

France—See International comparisons. 

Free reserves 93 

Goods output in constant dollars 49 

Government budget 

Federal expenditures 502 

Federal receipts 501 

Federal surplus or deficit 500 

State and local expenditures 512 

State and local receipts 511 

State and local surplus or deficit 510 

Surplus or deficit, total 298 

Government purchases of goods and services 

Federal, constant dollars 263 

Federal, current dollars 262 

Federal, percent of GNP 265 

National defense 564 

National defense, percent of GNP 565 

State and local, constant dollars 267 

State and local, current dollars 266 

State and local, percent of GNP 268 

Total, constant dollars 261 

Total, current dollars 260 

Gross domestic business product, fixed-weighted price index 311 

Gross domestic product, labor cost per unit 68 

Gross national product 

GNP, constant dollars 50 

GNP, current dollars 200 

GNP, ratio to money supply M l 107 

Goods output in constant dollars 49 

Implicit price deflator 310 

Per capita GNP, constant dollars 217 

Gross private domestic investment—See Investment capital. 

H 

Help-wanted advertising in newspapers 46 

Help-wanted advertising, ratio to unemployment 60 

9,53 

9,89 

%,72 

8,239 

5,7 

5,232 

5,75 

9,225 

9,225 

9,225 

9,225 

9,82 

9,224 

9,224 

9,225 

9,224 

9,94 

9,50 

9,82 

8,53 

9,82 

5,72 

5,138 

35,102 

35,95 

38,245 

5,233 

49,257,255 

35,95 

14,244 

53,250 

53,250 

53,250 

53,252 

53,250 

53,250 

48,257 

43,254 

43,254 

43,254 

43,252 

43,252 

43,254 

43,254 

43,255 

43,254 

43,253 

19,157,158 

28,245 

3B,144,145 

38,245 

30,245 

14,244 

38,257 

38,249 

9,53 

9,59 

BCD 1984 185 

Digitized for FRASER 

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Federal Reserve Bank of St. Louis
Pages 

5,7? 

5,138 

5,76 

24,7* 

24,75 

40,147 

40,152 

38,157 

Series 

Series title number 

Hours, manufacturing 

Average weekly hours 1 

Average weekly hours, M 961 

Average weekly overtime 21 

Housing 

Housing starts 28 

Housing units authorized by local building permits 29 

Residential GPOI, constant dollars 89 

Residential GPW, percent of GNP 249 

I 

Implicit price deflator, GNP 310 

Imports—See International transactions. 

Income 

Compensation, average hourly, nonfarm business sector „ 345 

Compensation of employees 280 

Compensation of employees, percent of national income 64 

Compensation, real average hourly, nonfarm business sector 346 

Consumer installment credit ratio to personal income 95 

Corporate profits with IVA and CCAdj 286 

Corporate profits with IVA and CCAdj, percent of national income 287 

Disposable personal income, constant dollars 225 

Disposable personal income, current dollars 224 

Disposable personal income, per capita, constant dollars 227 

Earnings, average hourly, private nonfarm economy 340 

Earnings, real average hourly, private nonfarm economy 341 

Income on foreign investment in the United States 652 

Income on U.S. investment abroad 651 

Interest net 288 

Interest, net, percent of national income 289 

National income 220 

Personal income, constant dollars 52 

Personal income, current dollars- 223 

Personal income less transfer payments, constant dollars 51 

Personal income, ratio to money supply M2 108 

Proprietors' income with IVA and CCAdj 282 

Proprietors' income with IVA and CCAdj, percent of national income 283 

Rental income of persons with CCAdj 284 

Rental income of persons with CCAdj, percent of national income 285 

Wage and benefit decisions, first year 348 

Wage and benefit decisions, life of contract 349 

Wages and salaries in mining, manufacturing, and construction 53 

Incorporations, new businesses 13 

Industrial commodities, producer price index 335 

Industrial production—See also International comparisons. 

Business equipment 76 

Consumer goods 75 

Defense and space equipment 557 

Durable manufactures 73 

Nondurable manufactures 74 

Total 47 

Total, Dl 966 

Industrials, raw, spot market prices 

Diffusion index 967 

Spot market index 23 

Installment credit—See Credit. 

Insured unemployment 

Average weekly initial claims 5 

Average weekly initial claims, Dl 962 

Average weekly insured unemployment rate 45 

Interest net 288 

Interest net percent of national income 289 

Interest rates 

Bank rates on short-term business loans 67 

Corporate bond yields 116 

Federal funds rate 119 

Mortgage yields, secondary market 118 

Municipal bond yields 117 

Prime rate charged by banks 109 

Treasury bill rate 114 

Treasury bond yields 115 

Intermediate materials, producer price index 332 

International comparisons 

Consumer prices 

Canada 733 

Pages 

46,156 

46.J55 

46,145 

to,158,159 

33,55 

26,156 

26,156 

11,149 

11,145 

11,145 

5,111,112 

5,112,113 

57,162 

51,162 

47,156 

47,156 

46,145 

11,66 

11,105 

11,85,86 

30,55 

47,155 

47,155 

47,155 

47,155 

53,155 

53,155 

11,67 

21,75 

51,116,111 

12,53 

12,52 

13,116 

12,52 

12,52 

12,58,63,64 

12,141 

25,141,142 

25,76 

8,72 

8,135 

8,63 

47,156 

47,156 

35,145 

35,161 

35,162 

35,162 

35,162 

35,55 

35,161 

35,161 

50,167,106 

^,125,126 

Series 

Series title number 

France 736 

Italy 737 

Japan 738 

United Kingdom 732 

United States 320 

West Germany 735 

Industrial production 

Canada 723 

France 726 

Italy 727 

Japan 728 

OECD, European countries 721 

United Kingdom 722 

United States 47 

West Germany 725 

Stock prices 

Canada 743 

France 746 

Italy 747 

Japan 748 

United Kingdom 742 

United States 19 

West Germany 745 

International transactions 

Balance on goods and services 667 

Balance on merchandise trade 622 

Exports, excluding military aid 602 

Exports, merchandise, adjusted, excluding military 618 

Exports of domestic agricultural products 604 

Exports of goods and services, constant dollars 256 

Exports of goods and services, current dollars 252 

Exports of goods and services, excluding military 668 

Exports of nonelectrical machinery 606 

Imports, general 612 

Imports, merchandise, adjusted, excluding military 620 

Imports of automobiles and parts 616 

Imports of goods and services 669 

Imports of goods and services, constant dollars 257 

Imports of goods and services, current dollars 253 

Imports of petroleum and petroleum products 614 

Income on foreign investment in the United States 652 

Income on U.S. investment abroad 651 

Net exports of goods and services, constant dollars 255 

Net exports of goods and services, current dollars 250 

Net exports of goods and services, percent of GNP 251 

Inventories 

Business inventories, change, constant dollars 30 

Business inventories, change, current dollars 245 

Business inventories, change, percent of GNP 247 

Defense products, manufacturers' 559 

Finished goods, manufacturers' 65 

Inventories to sales ratio, manufacturing and trade 77 

Inventory investment and purchasing, CI 915 

Manufacturing and trade, book value 71 

Manufacturing and trade, change in book value 31 

Manufacturing and trade, constant dollars 70 

Manufacturing and trade, Dl 975 

Manufacturing and trade, on hand and on order, change 36 

Materials and supplies on hand and on order, manufacturers' 78 

Materials and supplies on hand and on order, manufacturers', change 38 

Investment capital 

Capital appropriations, manufacturing, backlog 97 

Capital appropriations, manufacturing, new 11 

Capital appropriations, manufacturing, new, Dl 965 

Capital investment commitments, CI 914 

Construction contracts, commercial and industrial 9 

Construction expenditures, business, plus machinery and equipment sales 69 

Gross private domestic investment 

Business inventories, change—See Inventories. 

Fixed investment constant dollars 243 

Fixed investment current dollars 242 

Nonresidential, constant dollars 86 

Nonresidential, percent of GNP 248 

Nonresidential producers' durable equipment constant dollars 88 

Nonresidential structures, constant doRars 87 

61,127 

61,127,126 

61.126 

60,125 

49,60,163,164 

61.126 

59,123 

59.124 

59,124 

59,124 

58,122 

58.123 

12,58.63,64 

59,123 

63,125 

63,136 

63,136 

63.136 

63,125 

25,63,75,131 

63,125 

57,162 

57,161 

56,126 

57,161 

56,121 

44,153 

44,153 

57,162 

56,121 

56,121 

57,161 

56,122 

57.162 

44,153 

44,153 

56,122 

57,162 

57,162 

44,153 

44,152 

44,152 

40,144 

40,152 

40,152 

17,116 

17,56 

17,53 

5,133 

17,51 

17,76 

17,51 

37,165 

17,75,66 

17,53 

17,66 

22,147 

22,143 

22,163 

5,132 

21,73,74 

17,56 

40,151 

40.151 

40,147 

40,152 

40,147 

40,147 

186 The Handbook of Cyclical Indicators 

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Alphabetical Index-Continued 

40,247 

m,i52 

m,i5i 

40,252 

15,77 

15,7/ 

23,245 

23,163 

21,76 

21,74 

57,162 

51,162 

Series 

Series title number Pages 

Residential, constant dollars 89 

Residential, percent of GNP 249 

Total, constant dollars 241 

Total, current dollars 240 

New orders, nondefense capital goods, constant dollars 27 

New orders, nondefense capital goods, current dollars 24 

Plant and equipment 

Business expenditures, new 61 

Business expenditures, new, CM 970 

Contracts and orders, constant dollars 20 

Contracts and orders, current dollars 10 

Investment, foreign 

Income on foreign investment in the United States 652 

Income on U.S. investment abroad 651 

Italy—See International comparisons. 

j 

Japan—See International comparisons. 

L 

Labor cost per unit of gross domestic product 68 

Labor cost per unit of output, business sector 63 

Labor cost per unit of output, manufacturing 

Actual data 62 

Actual data as percent of trend 62 

Labor cost, price per unit of, nonfarm business 26 

Labor force—See Employment. 

Lagging indicators, six 

Composite index 930 

Diffusion index 952 

Layoff rate, manufacturing 3 

Leading indicators, twelve 

Composite index 910 

Diffusion index 950 

Liabilities of business failures 14 

Liquid assets, change in total 104 

Loans—See Credit. 

M 

Marginal employment adjustments, CI 913 

Materials and supplies on hand and on order, manufacturers' inventories 78 

Materials and supplies on hand and on order, manufacturers' inventories, change 38 

Materials, capacity utilization rate 84 

Materials, new orders for consumer goods and 8 

Materials prices—See Price indexes. 

Merchandise trade—See International transactions. 

Military—See Defense. 

Money and financial flows, CI 917 

Money supply 

Liquid assets, change in total 104 

Money supply Ml , constant dollars 105 

Money supply Ml , percent changes 85 

Money supply M2, constant dollars 106 

Money supply M2, percent changes 102 

Ratio, GNP to money supply Ml 107 

Ratio, personal income to money supply M2 108 

Mortgage debt, net change 33 

Mortgage yields, secondary market 118 

Municipal bond yields 117 

N 

National defense—See Defense. 

National Government—See Government. 

National income—See Income. 

New orders, manufacturers' 

Capital goods industries, nondefense, constant dollars 27 15,77 

Capital goods industries, nondefense, current dollars 24 15,77 

Consumer goods and materials, constant dollars 8 15,75 

Contracts and orders, plant and equipment, constant dollars 20 21,75 

Contracts and orders, plant and equipment, current dollars 10 21,74 

Defense products 548 15,227 

Durable goods industries, constant dollars 7 15,73 

Durable goods industries, current dollars 6 15,72 

Durable goods industries, Dl 964 15,240 

28,246 

28,245 

28,59 

28,59 

28,243 

5,235 

5,137,138 

5,7 

5,131,132 

5,136 

34,75 

29,0* 

5,132 

11,93 

11,80 

14,247 

15,73 

5,233 

29,95 

29,95 

25,94 

30,99 

29,97 

30,148 

30,99 

31,79 

35,102 

35,102 

Series 

Series title number 

New orders, manufacturing, Dl 971 

Nonresidential fixed investment 

Producers' durable equipment, constant dollars 88 

Structures, constant dollars 87 

Total, constant dollars 86 

Total, percent of GNP 248 

0 

Obligations incurred, Defense Department 517 

Obligations unpaid, Defense Department 543 

OECD, European countries, industrial production 721 

Orders—See New orders and Unfilled orders. 

Outlays, Defense Department 580 

Output—See also Gross national product and Industrial production. 

Goods output, constant dollars 49 

Labor cost per unit of 

Actual data 62 

Actual data as percent of trend 62 

Per hour, business sector 370 

Per hour, nonfarm business sector 358 

Ratio to capacity, manufacturers 83 

Ratio to capacity, manufacturing 82 

Ratio to capacity, materials 84 

Overtime hours, manufacturing 21 

p 

Participation rates, civilian labor force 

Both sexes 16-19 years of age 453 

Females 20 years and over 452 

Males 20 years and over 451 

Personal consumption expenditures 

Automobiles 55 

Durable goods, constant dollars 233 

Durable goods, current dollars 232 

Nondurable goods, constant dollars 238 

Nondurable goods, current dollars 236 

Services, constant dollars 239 

Services, current dollars 237 

Total, constant dollars 231 

Total, current dollars 230 

Total, percent of GNP 235 

Personal income—See Income. 

Personal saving 292 

Personal saving rate 293 

Petroleum and petroleum products, imports 614 

Plant and equipment—See also Investment, capital. 

Business expenditures, new 61 

Business expenditures, new, Dl 970 

Contracts and orders, constant dollars 20 

Contracts and orders, current dollars 10 

Population, civilian employment as percent of 90 

Price indexes 

Consumer prices—See also International comparisons. 

All items 320 

Food 322 

Deflators 

Fixed-weighted, gross domestic business product 311 * 

Implicit price deflator, GNP 310 -

Labor cost, price per unit of, nonfarm business 26 

Producer prices 

All commodities 330 

Capital equipment 333 

Crude materials 331 

Finished consumer goods 334 

Industrial commodities 335 

Intermediate materials 332 

Sensitive crude and intermediate materials 98 

Raw industrials, spot market prices 

Diffusion index 967 

Spot market index 23 

Sensitive crude and intermediate materials, change in producer prices 98 

Sensitive materials prices, percent change 99 

Stock prices—See also International comparisons. 

500 common stocks 19 

Pages 

31,163,164 

40,247 

40,247 

40,247 

40,25f 

55,226 

55,227 

5S,122 

56,220 

14,244 

28,59 

28,59 

52,159,160 

52,159 

14,246 

14,246 

14,247 

5,76 

9,226 

9,226 

9,225 

39,245 

39,250 

39,250 

39,252 

39,250 

39,252 

39,250 

39,250 

39,249 

39,250 

48,256 

48,257 

56,122 

23,145 

23,163 

21,76 

21,74 

9,94 

49,60,203,204 

49,204,205 

49,257,255 

38,257 

28,243 

50,205,206 

51,205,209 

50,206,207 

51,209,220 

51,220,222 

50,207,205 

51,96 

25,141,142 

25,76 

51,96 

25,96,97 

25,63,75,232 

BCD 1984 187 

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Alphabetical index—Continued 

Series 

Series title number 

500 common stocks, Dl 968 

Price to unit labor cost, nonfarm business 26 

Prices, selling 

Manufacturing, Dl 976 

Retail trade, Dl 978 

Wholesale trade, Dl 977 

Prime contract awards, Defense Department 525 

Prime rate charged by banks 109 

Producer prices—See Price indexes. 

Producers' durable equipment, nonresidential, 6PDI 88 

Production—See Gross national product and Industrial production. 

Productivity 

Output per hour, business sector 370 

Output per hour, nonfarm business sector 358 

Profitability, CI 916 

Profits 

Corporate profits after tax 

Constant dollars 18 

Current dollars 16 

With IVA and CCAdj, constant dollars 80 

With IVA and CCAdj, current dollars 79 

Corporate profits before tax 

With IVA and CCAdj 286 

With IVA and CCAdj, percent of national income 287 

Manufacturing and trade, Dl 972 

Manufacturing, Dl 960 

Per dollar of sales, manufacturing 15 

Profitability, CI 916 

Ratio, profits to corporate domestic income 22 

Ratio, profits with IVA and CCAdj to corporate domestic income 81 

Proprietors' income with IVA and CCAdj 282 

Proprietors' income with IVA and CCAdj, percent of national income 283 

R 

Raw industrials, spot market prices 

Diffusion index 967 

Spot market index 23 

Rental income of persons with CCAdj 284 

Rental income of persons with CCAdj, percent of national income 285 

Reserves, free 93 

Residential fixed investment, constant dollars 89 

Residential fixed investment, percent of GNP 249 

Residential structures—See Housing. 

Retail sales, constant dollars 59 

Retail sales, current dollars 54 

s 

Salaries—See Compensation. 

Sales 

Final sales, constant dollars 213 

Machinery and equipment sales and business construction expenditures 69 

Manufacturing and trade sales, constant dollars 57 

Manufacturing and trade sales, current dollars 56 

Manufacturing and trade sales, Dl 973 

Ratio, inventories to sales, manufacturing and trade 77 

Retail sales, constant dollars 59 

Retail sales, current dollars 54 

Saving 

Business saving 295 

Government surplus or deficit 298 

Gross saving 290 

Personal saving 292 

Series title 

25,142 

28,143 

31,165 

37,166 

37,165,166 

55,117 

35,99 

40,147 

51,159,160 

51,159 

5,133 

26,143 

11,143 

11,146 

1S,146 

26,15$ 

26,155 

37,164 

37,162 

17,143 

5,133 

26,143 

26,145 

47,i55 

47,i55 

15,141,142 

15,76 

47,i55 

47,i55 

35,55 

40,147 

40,152 

10,88 

10,87 

38,148 

17,90 

17,88 

17,87 

37,164 

17,93 

10,88 

10,87 

26,i57 

48,157 

48,155 

48,155 

Personal saving rate 

Selling prices—See Prices, selling. 

Sensitive crude and intermediate materials, change in producer prices . 

Sensitive materials prices, percent change 

Shipments of defense products 

Spot market prices, raw industrials 

Diffusion index 

Spot market index 

State and local government—See Government. 

Stock prices—See also International comparisons. 

500 common stocks 

500 common stocks, Dl 

Surplus—See Government. 

Treasury bill rate 

Treasury bond yields. 

Series 

number 

293 

98 

99 

588 

967 

23 

19 

968 

Pages 

48,J57 

51,96 

15,96,97 

17,120 

15,141,142 

15,76 

25,63,75,151 

25,142 

u 

Unemployment 

Duration of unemployment, average 

Help-wanted advertising, ratio to unemployment.. 

Initial claims for unemployment insurance 

Initial claims for unemployment insurance, Dl 

Layoff rate, manufacturing 

Number unemployed 

Both sexes 16-19 years of age 

Females 20 years and over 

Full-time workers 

Males 20 years and over 

Total unemployed 

Unemployment rates 

15 weeks and over 

Insured unemployment 

Total 

Unfilled orders, manufacturers' 

Defense products 

Durable goods industries 

Durable goods industries, change 

United Kingdom—See International comparisons. 

Velocity of money 

GNP to money supply Ml , ratio 

Personal income to money supply M2, ratio.. 

Vendor performance, slower deliveries 

114 

115 

91 

60 

5 

962 

3 

446 

445 

447 

444 

37 

44 

45 

43 

561 

96 

25 

w 

Wages and salaries—See Compensation. 

West Germany—See International comparisons. 

Wholesale (producer) prices—See Price indexes. 

Workweek, manufacturing 

Average weekly hours 

Average weekly hours, Dl 961 

NOTE: CCAdj—capital consumption adjustment 

CI—composite index 

Dl—diffusion index 

GNP—gross national product 

GPDI—gross private domestic investment 

IVA—inventory valuation adjustment 

OECO—Organization for Economic Cooperation and Development 

35,101 

35,101 

9,94 

$,89 

%,72 

8,139 

5,7 

9.JJ4 

9,114 

9.JJ5 

9,ii4 

9,40 

9,82 

Z,83 

9,82 

15,118 

15,96 

15,77 

107 

108 

32 

30,145 

30,99 

17,79 

5,72 

5,138 

188 The Handbook of Cyclical Indicators 

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
NUMERICAL INDEX 

Date series 

Series number and title begins 

1. Average weekly hours of production or nonsupervisory workers, 

manufacturing 1945 

2. Accession rate, manufacturing 1945 

3. Layoff rate, manufacturing 1945 

5. Average weekly initial claims for unemployment insurance, State programs 1945 

6. Manufacturers' new orders in current dollars, durable goods industries 1947 

7. Manufacturers' new orders in 1972 dollars, durable goods industries 1947 

8. Manufacturers' new orders in 1972 dollars, consumer goods and 

materials industries 1948 

9. Construction contracts awarded for commercial and industrial 

buildings, floor space 1945 

10. Contracts and orders for plant and equipment in current dollars 1948 

11. Newly approved capital appropriations, 1,000 manufacturing corporations 1953 

12. Index of net business formation 1948 

13. Number of new business incorporations 1946 

14. Current liabilities of business failures 1900 

15. Profits after taxes per dollar of sales, manufacturing corporations 1947 

16. Corporate profits after tax in current dollars 1946 

18. Corporate profits after tax in 1972 dollars 1947 

19. Index of stock prices, 500 common stocks 1900 

20. Contracts and orders for plant and equipment in 1972 dollars 1948 

21. Average weekly overtime hours of production or nonsupervisory 

workers, manufacturing 1956 

22. Ratio, corporate domestic profits after tax to total corporate 

domestic income 1946 

23. Index of spot market prices, raw industrial materials 1946 

24. Manufacturers' new orders in current dollars, nondefense capital 

goods industries 1948 

25. Change in manufacturers' unfilled orders, durable goods industries 1947 

26. Ratio, implicit price deflator to unit labor cost, nonfarm business sector 1947 

27. Manufacturers' new orders in 1972 dollars, nondefense capital goods 

industries 1948 

28. New private housing units started 1889 

29. Index of new private housing units authorized by local building permits 1946 

30. Change in business inventories in 1972 dollars 1947 

31. Change in manufacturing and trade inventories, book value 1948 

32. Vendor performance, percent of companies receiving slower deliveries 1946 

33. Net change in mortgage debt held by financial institutions and 

life insurance companies 1955 

34. Corporate net cash flow in current dollars 1946 

35. Corporate net cash flow in 1972 dollars 1947 

36. Change in manufacturing and trade inventories on hand and on 

order in 1972 dollars 1948 

37. Number of persons unemployed 1947 

38. Change in manufacturers' inventories, materials and supplies on 

hand and on order, book value 1953 

39. Percent of consumer installment loans delinquent 30 days and over 1947 

40. Employees on nonagricultural payrolls, goods-producing industries 1945 

41. Employees on nonagricultural payrolls 1945 

42. Number of persons engaged in nonagricultural activities 1947 

43. Unemployment rate 1947 

44. Unemployment rate, persons unemployed 15 weeks and over 1948 

45. Average weekly insured unemployment rate, State programs 1949 

46. Index of help-wanted advertising in newspapers 1945 

47. Index of industrial production 1919 

48. Employee hours in nonagricultural establishments 1947 

49. Value of goods output in 1972 dollars 1947 

50. Gross national product in 1972 dollars 1909 

51. Personal income less transfer payments in 1972 dollars 1947 

52. Personal income in 1972 dollars 1947 

5,72 

5,7 

5,7 

8,72 

15,72 

15,73 

15,73 

21,73,74 

21,74 

22,143 

21,74 

21,75 

34,75 

27,143 

26,243 

26,243 

25,63,75,232 

21,76 

Date series 

Pages Series number and title begins Pages 

53. Wages and salaries in 1972 dollars, mining, manufacturing, and 

construction 1947 11,87 

54. Sales of retail stores in current dollars 1947 20,87 

55. Personal consumption expenditures, automobiles 1946 39,245 

56. Manufacturing and trade sales in current dollars 1947 17,57 

57. Manufacturing and trade sales in 1972 dollars 1948 17,55 

58. Index of consumer sentiment 1952 20,88 

59. Sales of retail stores in 1972 dollars 1948 20,88 

60. Ratio, help-wanted advertising in newspapers to number of 

persons unemployed 1948 9,59 

61. Expenditures for new plant and equipment by U.S. nonfarm business 1947 23,145 

62. Index of labor cost per unit of output, manufacturing 1947 28,59 

63. Index of unit labor cost, business sector 1947 28,245 

64. Compensation of employees as a percent of national income 1946 46,145 

65. Manufacturers' inventories, finished goods, book value 1945 17,90 

66. Consumer installment credit outstanding 1943 33,90 

67. Bank rates on short-term business loans 1945 35,245 

68. Labor cost in current dollars per unit of gross domestic product 

in 1972 dollars, nonfinancial corporations 1948 211,146 

69. Manufacturers' machinery and equipment sales and business 

construction expenditures 1953 17,90 

70. Manufacturing and trade inventories in 1972 dollars 1948 17,92 

5,76 71. Manufacturing and trade inventories, book value 1948 17,92 

72. Commercial and industrial loans outstanding in current dollars 1945 32,92 

26,243 

73. Index of industrial production, durable manufactures 1939 12,92 

25.76 74. Index of industrial production, nondurable manufactures 1939 12,92 

75. Index of industrial production, consumer goods 1939 12,92 

15.77 76. Index of industrial production, business equipment 1939 12,93 

15,77 77. Ratio, manufacturing and trade inventories to sales in 1972 dollars 1948 17,93 

28.243 78. Manufacturers' inventories, materials and supplies on hand and 

on order, book value 1953 17,93 

15,77 79. Corporate profits after tax with inventory valuation and capital 

24,75 consumption adjustments in current dollars 1946 26,246 

24,75 80. Corporate profits after tax with inventory valuation and capital 

40.244 consumption adjustments in 1972 dollars 1947 26,246 

17,73 81. Ratio, corporate domestic profits after tax with inventory valuation 

17,79 and capital consumption adjustments to total corporate domestic income 1946 26,246 

82. Capacity utilization rate, manufacturing 1948 14,246 

31,79 83. Capacity utilization rate, manufacturers 1965 14,246 

26,244 84. Capacity utilization rate, materials 1948 14,247 

26,244 85. Change in money supply Ml 1947 29,94 

86. Gross private nonresidential fixed investment in 1972 dollars 1947 40,247 

17,79,80 87. Gross private nonresidential fixed investment in 1972 dollars, structures 1947 40,247 

9,50 88. Gross private nonresidential fixed investment in 1972 dollars, 

producers' durable equipment 1947 40,247 

17,50 89. Gross private residential fixed investment in 1972 dollars 1947 40,247 

34,52 90. Ratio, civilian employment to population of working age 1948 9,94 

5,52 91. Average duration of unemployment in weeks 1948 9,94 

5,52 93. Free reserves 1945 35,95 

9,52 

94. Member bank borrowings from the Federal Reserve 1945 35,95 

9,52 95. Ratio, consumer installment credit outstanding to personal income 1946 33,95 

9.52 96. Manufacturers' unfilled orders, durable goods industries 1947 15,96 

8.53 97. Backlog of capital appropriations, 1,000 manufacturing corporations 1953 22,247 

$,83 98. Percent change in producer prices for 28 sensitive crude and 

12,58,53,54 intermediate materials 1948 51,96 

5,84,85 99. Change in sensitive materials prices 1948 25,96,97 

14,244 101. Commercial and industrial loans outstanding in 1972 dollars 1948 32,97 

3^,144,145 102. Change in money supply M2 1947 29,97 

11,55,56 104. Change in total liquid assets 1948 29,95 

H86 105. Money supply Ml in 1972 dollars 1947 29,95 

BCD 1984 189 

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Numerical Index—Continued 

Series number and title 

Date series 

begins 

106. Money supply M2 in 1972 dollars 1947 30,99 

107. Ratio, gross national product to money supply Ml 1947 30,148 

108. Ratio, personal income to money supply M2 1947 30,99 

109. Average prime rate charged by banks 1945 35,99 

110. Funds raised by private nonfinancial borrowers in credit markets 1952 34,145 

111. Change in business and consumer credit outstanding 1947 31,100 

112. Net change in business loans 1945 32,100 

113. Net change in consumer installment credit 1943 33,100 

114. Discount rate on new issues of 91-day Treasury bills 1945 35,101 

115. Yield on long-term Treasury bonds 1945 35,101 

116. Yield on new issues of high-grade corporate bonds 1946 35, J0i 

117. Yield on municipal bonds, 20-bond average 1948 35,102 

118. Secondary market yields on FHA mortgages 1949 35,102 

119. Federal funds rate 1954 35,102 

200. Gross national product in current dollars 1909 38,148 

213. Final sales in 1972 dollars 1929 38,145 

217. Per capita gross national product in 1972 dollars 1909 38,149 

220. National income in current dollars 1946 46,149 

223. Personal income in current dollars 1946 11,105 

224. Disposable personal income in current dollars 1946 11,149 

225. Disposable personal income in 1972 dollars 1947 11,149 

227. Per capita disposable personal income in 1972 dollars 1947 11,149 

230. Personal consumption expenditures in current dollars 1946 39,149 

231. Personal consumption expenditures in 1972 dollars 1947 39,150 

232. Personal consumption expenditures in current dollars, durable goods 1946 39,150 

233. Personal consumption expenditures in 1972 dollars, durable goods 1947 39,150 

235. Personal consumption expenditures as a percent of gross national product 1946 39,150 

236. Personal consumption expenditures in current dollars, nondurable goods 1946 39,150 

237. Personal consumption expenditures in current dollars, services 1946 39,150 

238. Personal consumption expenditures in 1972 dollars, nondurable goods 1947 39,151 

239. Personal consumption expenditures in 1972 dollars, services 1947 39,151 

240. Gross private domestic investment in current dollars 1946 40,151 

241. Gross private domestic investment in 1972 dollars 1947 40,151 

242. Gross private domestic fixed investment in current dollars 1946 40,151 

243. Gross private domestic fixed investment in 1972 dollars 1947 40,151 

245. Change in business inventories in current dollars 1946 40,152 

247. Change in business inventories as a percent of gross national product 1946 40,152 

248. Gross private nonresidential fixed investment as a percent of 

gross national product 1946 40,152 

249. Gross private residential fixed investment as a percent of gross 

national product 1946 40,152 

250. Net exports of goods and services in current dollars 1946 44,152 

251. Net exports of goods and services as a percent of gross national product 1946 44,152 

252. Exports of goods and services in current dollars 1946 44,153 

253. Imports of goods and services in current dollars 1946 44,155 

255. Net exports of goods and services in 1972 dollars 1947 44,155 

256. Exports of goods and services in 1972 dollars 1947 44,155 

257. Imports of goods and services in 1972 dollars 1947 44,155 

260. Government purchases of goods and services in current dollars 1946 43,155 

261. Government purchases of goods and services in 1972 dollars 1947 43,154 

262. Federal Government purchases of goods and services in current dollars 1946 43,154 

263. Federal Government purchases of goods and services in 1972 dollars 1947 43,154 

265. Federal Government purchases of goods and services as a percent of 

gross national product 1946 43,154 

266. State and local government purchases of goods and services in 

current dollars 1946 43,154 

267. State and local government purchases of goods and services in 1972 

dollars 1947 43,154 

268. State and local government purchases of goods and services as 

a percent of gross national product 1946 43,155 

280. Compensation of employees 1946 46,155 

282. Proprietors' income with inventory valuation and capital 

consumption adjustments 1946 47,155 

283. Proprietors' income with inventory valuation and capital 

consumption adjustments as a percent of national income 1946 47,155 

284. Rental income of persons with capital consumption adjustment 1946 47,155 

285. Rental income of persons with capital consumption adjustment as 

a percent of national income 1946 47,155 

286. Corporate profits before tax with inventory valuation and capital 

consumption adjustments 1946 26,155 

Date series 

Series number and title begins 

287. Corporate profits before tax with inventory valuation and capital 

consumption adjustments as a percent of national income 1946 

288. Net interest 1946 

289. Net interest as a percent of national income 1946 

290. Gross saving 1946 

292. Personal saving 1946 

293. Personal saving rate 1946 

295. Business saving 1946 

298. Government surplus or deficit 1946 

310. Implicit price deflator for gross national product 1909 

311. Fixed-weighted price index, gross domestic business product 1959 

320. Consumer price index for all urban consumers (CPI-U) 1945 

322. Consumer price index for all urban consumers, food 1947 

330. Producer price index, all commodities 1890 

331. Producer price index, crude materials for further processing 1947 

332. Producer price index, intermediate materials, supplies, and components 1947 

333. Producer price index, capital equipment 1947 

334. Producer price index, finished consumer goods 1947 

335. Producer price index, industrial commodities 1913 

340. Index of average hourly earnings of production or nonsupervisory 

workers on private nonagricultural payrolls 1947 

341. Index of real average hourly earnings of production or 

nonsupervisory workers on private nonagricultural payrolls 1947 

345. Index of average hourly compensation, all employees, nonfarm 

business sector 1947 

346. Index of real average hourly compensation, all employees, nonfarm 

business sector 1947 

348. Negotiated wage and benefit decisions, average first-year changes 1968 

349. Negotiated wage and benefit decisions, average changes over life 

of contract 1968 

358. Index of output per hour, all persons, nonfarm business sector 1947 

370. Index of output per hour, all persons, business sector 1947 

441. Civilian labor force 1947 

442. Civilian employment 1947 

444. Number unemployed, males 20 years and over 1948 

445. Number unemployed, females 20 years and over 1948 

446. Number unemployed, both sexes 16-19 years of age 1948 

447. Number unemployed, full-time workers 1963 

448. Number of persons employed part time for economic reasons 1955 

451. Civilian labor force participation rate, males 20 years and over ~ 1948 

452. Civilian labor force participation rate, females 20 years and over 1948 

453. Civilian labor force participation rate, both sexes 16-19 years of age 1948 

500. Federal Government surplus or deficit 1946 

501. Federal Government receipts 1946 

502. Federal Government expenditures 1946 

510. State and local government surplus or deficit 1946 

511. State and local government receipts 1946 

512. State and local government expenditures 1946 

517. Defense Department gross obligations incurred 1949 

525. Defense Department prime contract awards for work performed 

in the United States 1951 

543. Defense Department gross unpaid obligations outstanding 1953 

548. Manufacturers' new orders, defense products 1968 

557. Index of industrial production, defense and space equipment 1939 

559. Manufacturers' inventories, defense products, book value 1968 

561. Manufacturers' unfilled orders, defense products 1968 

564. Federal Government purchases of goods and services, national defense 1946 

565. National defense purchases as a percent of gross national product 1946 

570. Employment, defense products industries 1958 

577. Defense Department military personnel on active duty 1948 

578. Defense Department civilian personnel, direct hire employment 1950 

580. Defense Department net outlays, military functions and military assistance 1948 

588. Manufacturers' shipments, defense products 1968 

602. Exports, excluding military aid shipments 1948 

604. Exports of domestic agricultural products 1947 

606. Exports of nonelectrical machinery 1965 

612. General imports 1948 

614. Imports of petroleum and petroleum products 1965 

616. Imports of automobiles and parts 1965 

618. Merchandise exports, adjusted, excluding military 1946 

620. Merchandise imports, adjusted, excluding military 1946 

26,155 

47,155 

47,155 

48,155 

48,155 

48,157 

26,157 

48,157 

38,157 

49,157,155 

49,60,105,104 

49,104,105 

50,105,105 

50,105,107 

50,107,105 

51,105,109 

51,109,110 

51,110,111 

5,111,112 

5,112,113 

46,155 

46,155,159 

53,159 

53,159 

52,159 

52,159,150 

9,115 

9,115 

9,114 

9,114 

9,114 

9,115 

9,115 

9,115 

9,115 

9,115 

53,150 

53,150 

53,150 

53,150 

53,150 

53,151 

55,115 

55,117 

55,117 

15,117 

13,115 

17,115 

15,115 

43,151 

43,151 

5,119 

56,119 

56,119 

56,120 

17,120 

56,120 

56,121 

56.121 

56,121 

56,122 

56,122 

57,151 

57,151 

190 The Handbook of Cyclical Indicators 

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis
Numerical Index—Continued 

Date series 

Series number and title begins 

622. Balance on merchandise trade 1946 

651. Income on U.S. investment abroad 1948 

652. Income on foreign investment in the United States 1948 

667. Balance on goods and services 1946 

v 668. Exports of goods and services, excluding transfers under 

U.S. military grants 1946 

669. Imports of goods and services 1946 

721. Organization for Economic Cooperation and Development, 

European countries, index of industrial production 1953 

722. United Kingdom, index of industrial production 1948 

723. Canada, index of industrial production 1946 

725. West Germany, index of industrial production 1948 

726. France, index, of industrial production 1951 

727. Italy, index of industrial production 1948 

728. Japan, index of industrial production 1948 

732. United Kingdom, index of consumer prices 1948 

733. Canada, index of consumer prices 1948 

735. West Germany, index of consumer prices 1948 

736. France, index of consumer prices 1948 

737. Italy, index of consumer prices 1948 

738. Japan, index of consumer prices 1948 

742. United Kingdom, index of stock prices 1945 

743. Canada, index of stock prices 1948 

745. West Germany, index of stock prices 1950 

746. France, index of stock prices 1946 

747. Italy, index of stock prices 1949 

748. Japan, index of stock prices 1948 

910. Composite index of twelve leading indicators 1948 

913. Composite index of marginal employment adjustments 1948 

914. Composite index of capital investment commitments 1948 

915. Composite index of inventory investment and purchasing 1948 

916. Composite index of profitability 1948 

57,752 

57,162 

57,162 

57,162 

57,162 

57,162 

58,722 

58,225 

59,725 

59,725 

59,224 

59,224 

59,224 

60,225 

60,225,225 

61,225 

61,227 

61,227,225 

61,225 

63,729 

63,229 

63,229 

63,250 

63,250 

63,250 

5,131,132 

5,132 

5,132 

5,133 

5,255 

Date series 

Series number and title begins 

917. Composite index of money and financial flows 1948 

920. Composite index of four roughly coincident indicators 1948 

930. Composite index of six lagging indicators 1948 

940. Ratio, coincident composite index to lagging composite index 1948 

950. Diffusion index of twelve leading indicator components 1948 

951. Diffusion index of four roughly coincident indicator components 1948 

952. Diffusion index of six lagging indicator components 1948 

960. Diffusion index of net profits, manufacturing 1949 

961. Diffusion index of average weekly hours of production or nonsupervisory 

workers, 20 manufacturing industries 1947 

962. Diffusion index of initial claims for unemployment insurance, 

State programs, 51 areas 1950 

963. Diffusion index of employees on private nonagricultural payrolls, 

172-186 industries 1958 

964. Diffusion index of manufacturers' new orders, 34-35 durable goods 

industries 1947 

965. Diffusion index of newly approved capital appropriations in 

1972 dollars, 17 manufacturing industries 1953 

966. Diffusion index of industrial production, 24 industries 1947 

967. Diffusion index of spot market prices, 13 raw industrial materials 1948 

968. Diffusion index of stock prices, 500 common stocks, 49-82 industries 1945 

970. Diffusion index of expenditures for new plant and equipment by 

U.S. nonfarm business, 22 industries 1947 

971. Diffusion index of new orders, manufacturing 1949 

972. Diffusion index of net profits, manufacturing and trade 1949 

973. Diffusion index of net sales, manufacturing and trade 1949 

974. Diffusion index of number of employees, manufacturing and trade 1949 

975. Diffusion index of level of inventories, manufacturing and trade 1949 

976. Diffusion index of selling prices, manufacturing 1949 

977. Diffusion index of selling prices, wholesale trade 1949 

978. Diffusion index of selling prices, retail trade 1949 

5,255 

5,254 

5,255 

5,136 

5,136 

5,137 

5,137,138 

37,162 

5,138 

8,259 

5,139,140 

15,240 

11,163 

12,242 

15,141,142 

15,142 

23,255 

37,755,254 

37,254 

37,254 

37,164,165 

37,165 

37,165 

37,165,166 

37,166 

BCD 1984 191 

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