g123_19520129.pdf

0.12*3

IN Hi JSS BKCTION * ^ W f' I

# 3 OP THE FEDERAL RESERVE SYSTEM " " H \ ^ . 1

Per reloasq In morning: p^purs, /.^dncudMy, January".^', 191x2

EU s ir Ess n;D5::s

1939 average * 100 for employment and payro l l s ; 1923^25 average " 100 for construction contracts;

19^7*49 Lvera^e 100 for department store s a l e s and s tocks; 19v5~^9 average * 100 for a l l other s e r i e s .

Seasonally ad, justed Unadjusted Annual indexes 1951 1950 1951 11950 Annual indexes

Dec. | Kov* Dec. bee . | : ivOV. [ Lec. 1951 1/11950

Industrial production Total p2l8 219 218 p21o 220 216 220 200 Manufactures

p21o

Total p227 228 229 p226 229 227 229 209 Durable p280 277 268 p273 277 266 273 237 I, insurable P185 189 197 pi 85 190 196 19U 187

Minerals pl64 170 157 pl6G 169 153 i c 4 li+8 Construction contracts , vnluo

Total * 291 3*2 * 262 268 * 295 Resident ia l 213 297 * 233 253 * 305 Al l other * 331 360 * 285 281 * 287

Employment Total nonagricultural P153.3 153.U 150.6 p i56 .9 15U.6 153.6 153.1 lu57 Total factory P156.0 156.1 158. ] P157.3 157.7 159.li 159.1 11*9.7

"actory p a y r o l l s , t o t a l - - e U j . 5 U'ih.l 126.C sit 32.2 i

371.3

re ight carloadings 133 137 1^0 123 lho 150 i 13L 128

ifopartment store s a l e s , value ellO 112 110 e l85 I'ih 185 109 105

department s tore s tocks , ,v^lue * 117 122 * 135 110 ! i * t

110

^^Preliminary* eEstimated* * Data not yet avai lable* I Annual indexes for 195% are preliminary*

Imv s e r i e s * Indexes of output of major consumer durable goods shown on pp. ) and 1+* ]o te : Froducticn, carloadings, and department s tore s a l e s indexes based on da i ly

averarcs. To convert durable manufactures, nondurable manufactures, and minerals indexes t o points in total index, shown in Federal Reserve Chart Book, mult iply durable by *379* nondurable by *L69, and minerals by .152.

Corstruction contract indexes based on )-month moving averages, centered at second month, of ?*%,* Dodge data for $7 Eastern States* To convert indexes to value f i gures , shorn in Federal Reserve Chart Book, multipl t o t a l by $1+10,269,003, r e s i d e n t i a l by C%8L,1;7,000 and a l l other by C^o ,1 )2 ,000*

Factory employment index, without seasonal adjustment, and payrol ls index compiled by Bureau of L6bor S t a t i s t i c s *

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

INDUSTRIAL PRCL^T I , __ (1935-39 average * 1^ )

' l l y e .a.iuste-i rrtr idjuste J 1 A/.r.ual 1 "1 f i%c 1951 1 index-

Dec. j Nov. I Dec. 1-ec, 1 : c v . ! Dt-c. 11551.1'! ::4::rrACTURZ3

Ir"n and s t e e l p26? 261 C53 2 6 3 2 6 1 253

r

2 5 9 229 }ir; iron 227 2 J 2 216 227 232 2 1 b e2?0 2 : 1 Stee l 3o4 307 280 304 307 283 297 265

0]:en hearth 219 2 1 6 207 219 216 237 214 1?3 E l e c t r i c 911 954 8 0 2 911 954 5'J 2 854 740

Machinery P356 347 221 P356 347 >21 3;6 270 Transportation equipment P315 314 292 P315 3lL 2 9 2 307 261

AuV-t b i l e s ( i n c l . parts) p2l4 2 1 9 2u0 p2l4 219 260 236 J..1 Nor ferrous n e t a l s & prod. p210 209 227 p210 209 227 2 0 7 2:6

Srnvltmr and r e f i n i n g P235 235 216 p2J5 2 - 6 219 225 210 Fabricating P199 198 230 P199 198 230 200 2C5

Lumber ttnd products pl 57 157 173 Fl? 155 158 157 160 Lumte r plii6 14? 162 pl26 146 :4o 148 148 Furniture P178 1 7 3 195 P176 173 195 176 163

Stone, clay & %lass prod. p210 2 1 2 255 p204 213 227 231 2>o

Ceirient * 219 2 3 2 * 237 211 e23C 212 Clay products Pl70 172 173 P175 178 178 180 : 64

Text i l es and products pl54 157 19U pl54 157 294 175 162 Cotton consumption 13* 1UU 158 136 liiL 158 150 L.5 Rayon d e l i v e r i e s * 290 397 * 290 97 @353 ;64

Leather products * 89 108 * 91 107 e i : i i . i Tanning * 73 106 * 81 106 e 90 1 : 2

PS * 97 109 * 97 109 el 08 2.20 ar^factured food products 0156 153 165 pi54 162 161 165 "64

* at f l o u r pi 07 115 116 D106 116 115 111 1--9 meatpacking pl66 166 171 p!98 188 203 158 l ; 7 Other manufactured foods pl62 16k 172 plcO 172 269 173 172 Processed f r u i t s & ver . pi 12 121 1.12 p 88 111 111 150 ii_4

paper %nd products pl82 191 197 pl82 191 197 200 167 laperboard 191 C 20p 229 191 c 205 229 250 218

Print inr ana publishing ' P171 175 175 P175 183 179 175 170 l.ev;sprint consumption 153 163 162 I06 178 170 164 160

Petroleum & coal prod. p279 275 263 P279 275 263 267 229 Gasclirie p21o 214 197 p2l6 214 197 207 16? Fuel o i l p235 226 225 P233 226 225 220 192 Coke pi 84 184 182 . pl84 184 182 185 169

Chenioals p298 290 2314. P30? 303 288 299 264 Paints pl57 157 loO pl 57 155 163 162 156 Rayon * 353 385 W 335; e376 3 c Industrial chenicals p56o 554 504 p560 504 541

Rubber products p243 2ItU 251 p2L5 214 251 2U3 223

p - Preliminary# * Data not yet available. e Estimated 1 / Annual indexes for 1951 are preliminary. "


2'DUSTRIAL PRODUCT!:# (1935*)9 average * 100)

Seasonally adjusted Unadjusted ' .., i i Annual I indexes 1951' 1950 1951 1 1950 i Annual I indexes

Deo, | Nov. Dec. Dec. | Kov. | Dec. 11951 l /TTv^ MINERALS

Fuels pl72 178 163 P172 178 163 169 152 Coal 125 141 130 125 l u l 130 123 119

Bituminous coal 135 152 14? 135 152 143 134 l7 Anthracite 84 99 80 84 99 80 81 87

Crude petroleum P195 196 179 P195 1 9 6 1 7 8 192 168 Metals pi 22 122 126 P 89 115 93 134 >25

Iron ore . . . , * 1

185 86 e257 214

OUTPUT OF MAJOR CONSUMER DURABLE GOODS (1947WU9 average = 100)

Total P 95 103 163 P 93 1 0 6 158 122 153 Passenger automobiles p 9 0 104 170 p 8^ 103 159 127 160 Household goods plOO 1 0 2 156 plOl 109 158 117 146

Carpets * 60 115 * 62 117 e 78 111 Furn i tu re P105 loo 121 p i o ? 105 124 .107 117 Major appl iances p 9 2 92 141 P 90 93 136 108 136 Radios & t e l e v i s i o n j

1 pi 22 1 4 8 273 p i 27 171 2 8 5 172 239

tote* For d e s c r i p t i o n and back d a t a , see Federal Reserve Bu l l e t in f o r October 1951# PP* 1235-UO. Indexes without seasonal adjustment f o r ind iv idua l s e r i e s on najor app l i ances , radios , and t e l e v i s i o n are shown on page h of t h i s r e l ease*

FREIGHT CASCADINGS (1955*39 average = 100)

Coal 127 14o 129 127 140 129 1 2 1 117 Coke 2 0 6 2 1 8 194 216 2 1 8 2 0 4 208 180 Grain 143 159 158 135 156 148 143 135 Livestock 68 70 72 65 88 70 6 9 68 Forest products 144 152 lo2 128 149 145 150 r l 4 l Ore ' 235 130 rl98 73 174 61 2 0 5 1 7 2 Miscellaneous ? 142 144 151 134 149 142 147 i 4 o Merchandise, l . c . l . 44 46 52 43 47 50 48 53

Bote* To convert coal end miscellaneous indexes to points in to ta l index, shown in Federal Reserve Chart Book, mul t ip ly coal by #213 and miscellaneous by

if Annual indexes f o r 1951 are pre l iminary pPreliminary* rRevised. eEstimated *Data not ye t ava i l ab l e


OUTPUT OF MAJOR AfPLI . CE3, RADIOS MID TELEVI~:C1

without seasonal adjustment (19^7-19^9 average = 100)

I J u l y | Aug. | Sept. | Oct. ! Kov.

Cooking s toves , t o t a l j 57 71 101 86 p 90 E l e c t r i c , t o t a l ; 79 78 138 103 117

Standard i 83 80 111 100 121 Apartment 38 56 105 151 78

Nonelec t r ic , t o t a l a 68 78 77 # Gas, t o t a l 49 76 89 8U *

Standard 2*6 72 87 80 * Apartment 71 110 102 113 *

Bungalow and combination 38 62 62 . 92 * All other 22 22 29 2k *

Driers 583 535 701 789 765 Freezers 165 186 236 185 152 Ironers 30 tiL 5L 73 55

Refrigerators , total 68 52 75 68 71 5*4 cubic feet or less 59 % 2U k9 , 57 5*5-6.1: cubic feet 3k 55 86 6k 75

cubic feet 20 15 20 3k 23 7.5-8.I1 cubic feet 96 U3 91 Ik 76 8*5 cubic feet or over 112 99 111 103 116

Vicuum cleaners 58 63 Sit 86 80 .^ashing machines, total 58 6U 13U 107 105

wringer and spinner 27 52 82 62 55 automatic and semiautomatic 111 139 221 183 190

Radios, total 36 51 58 53 US Small 39 63 68 67 65 Automobile 97 129 109 92 75 Consoles and combinations 6 7 15 20 lit AM-PM console combinations k U 35 25 2 6

Telev is ion , t o t a l Ilk 192 271 371 125 Table 86 lti* 230 325 316 Consoles 201 32U 146 589 729 Combinations 36 85 122 121 172

ppreliminary* * Data not yet available

Bote: Back data are ava i l ab l e on r eques t to the Division of Administrative Services .


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g123_19520129.pdf