October 1954 SUEVEY OF CUEKENT BUSINESS S-3

Unless otherwise stated, statistics through 1952 anddescriptive notes are shown in the 1953 StatisticalSupplement to the Survey

1953

August Septem-ber October Novem-

berDecem-

ber

1954

Janu-ary

Febru-ary March April May June July August Septem-

ber

GENERAL BUSINESS INDICATORS—Continued

INDUSTRIAL PRODUCTION-Continued

Federal Reserve Index of Physical Volume 9 — Con.

Adjusted, combined index 1947-49=100

Manufactures doDurable manufactures „ do

Primary metals doMetal fabricating (incl. ordnance) do

Fabricated metal products doMachinery. _ _ _ do

Nonelectrical machinery doElectrical machinery . _ do

Transportation equipment doInstruments and related products do_. _

Furniture and fixtures. _ _ doLumber and products _ doStone, clay, and glass products doMiscellaneous manufactures— do._ _

Nondurable manufactures doFood and beverage manufactures doTobacco manufactures doTextile -mill products doApparel and allied products do. -_Leather and products do

Paper and allied products doPrinting and publishing doChemicals and allied products doPetroleum and coal products _ doRubber products do

Minerals . doCoal doCrude oil and natural gas doMetal mining _ doStone and earth minerals do

CONSUMER DURABLES OUTPUT

ladjusted, total output* 1947-49=100Major consumer durables _ do

Autos do_Major household goods _ do

Furniture and floor coverings doAppliances and heaters doRadio and television sets _ _ do

Other consumer durables > do

Adjusted, total output* . _ doMajor consumer durables do

Autos _ doMajor household goods ._ _ _ _ do

Furniture and floor coverings doAppliances and heaters. _ doRadio and television sets do

Other consumer durables. , do

BUSINESS SALES AND INVENTORIES!

Manufacturing and trade sales (adj.), totalf mil. of dol._

Manufacturing, totalf doDurable-goods industries _ doNondurable-goods industries do

Wholesale trade, total t doDurable-goods establishments doNondurable-goods establishments do

Retail trade, total doDurable-goods stores doNondurable-goods stores do

Manufacturing and trade inventories, book value, endof month (adjusted), total f mil. of dol._

Manufacturing, total f doDurable-goods industries _ doNondurable-goods industries do

Wholesale trade total t doDurable-goods establishments doNondurable-goods establishments do

Retail trade, total f doDurable-goods stores doNondurable-goods stores do

»• Revised. P Preliminary. 9 See note marked*New series. Compiled by the Board of Governors o

136

138157137171140165145203

191156119116135146

11910810410410997

133121148132127

11986

135117124

127138153125110101242104

129142150136115109279101

48, 138

25, 06712, 73012, 337

8,9983,0925,906

14,0734,9149,159

81,586

46, 88826, 78820,100

11, 9236,2595,664

22, 77510, 62412, 151

"t" on p.fthe Fedei

133

135152130166135161141200

186155114114134140

117'10810410010491

135121147131121

11881

136117123

122130134129110108249103

12113013712510999

248101

48, 652

25, 37912, 69812, 681

9,2913,0516,240

13, 9824,8659,117

82, 000

47,08726, 95820, 129

11, 9896,2455,744

22, 92410, 92112,003

S-2.fal Reserve

132

134151128166134159141193

189154113117133140

11710810698

10793

132123146129120

11476

131108124

131142151137112114276106

118126132121107101221101

48, 284

25,01012, 37612, 634

9,2342,9826,252

14, 0405,0299,011

81, 805

47,04426, 98720,057

12, 0416,2785,763

22, 72010, 72711, 993

System.

129

131146122159130152136184

180155109115132138

115108108

9510191

132121145129118

11170

131103125

11011310712010696

230103

11211712711010293

185101

47, 518

24, 25611,86712, 389

9,1582,9946,164

14, 1045,0059,099

81,276

46,90926, 97519, 934

11, 9306,1275,803

22,43710, 57411,863

For desci

126

127142113156126146133172

182154106110129136

11210311290

10193

125120145128116

11369

133101127

10310610710610492

15696

1091141271049995

14597

47, 209

24, 12611,57612, 550

9,1513,0116,140

13, 9324,6269,306

81,072

46, 72226, 75219, 970

11, 6895,9005,789

22, 66110, 66811, 993

Option of

125

127'141111

'155126143130169

'185148105115125130

113105ICO90

'10494

126120143124112

11370

134103119

1121211351099998

17392

11211913310898

10414895

46, 450

23, 90211,58012, 322

8,9262,8596,067

13, 6224,4369,186

80, 688

46, 38226, 52619, 856

11, 7855,8665,919

22, 52110, 68811,833

the index

125

126139109151123141130163

'179147103

130132

1069890

'10694

129119146126110

11368

135101124

11712713811910311717095

11312113411C99

11114296

46, 714

23, 62011,27812, 342

9,1222,8946,228

13, 9724,7459,228

80, 390

46, 11526, 16819, 947

11,8545, 8416,013

22, 42110, 58411, 837

and back

123

'125135103147120138125163

'173144104116130130

11410610391

'10893

131119146122113

11262

13796

124

11912914212010211718294

11211913310999

10515194

47, 094

24, 06411,38512, 679

9,1302,8706,260

13, 9004,8589,042

80,093

45, 77425, 90019, 874

11,7565,7995,957

22, 56310, 48612,077

figures, st

123

125134103

'147119138125163

'174139103114128127

'11610710393

'11194

133120146124113

10958

13678

120

11913115111697

11617292

11612613911697

11417893

47, 636

24, 41811,50212, 916

8,9762,8226,154

14, 2424,8829,360

79, 516

45,18325, 34519, 838

11,6435,7285,915

22,69010,41212, 278

,e the Ma

'125

126135106

'146121

'138124163

'173138102120130128

'11711010895

'11094

137120

'148125119

11165

13491

121

11612614611092

11215592

11913014512096

11719893

46, 914

23, 97811,34412, 634

8,8922,8366,056

14, 0444,7309,313

79, 372

44,79824, 92619, 872

11,7705,8005,970

22,80410, 50212, 302

y 1954 FE

124

125'134'108'145

122'139r 124'170

'166'135

104108129131

'108107'92

'102'95

'136121148

'124119

69'136

122

11612514311293

11216594

11912813612496

11024696

' 47, 779

' 24, 26011, 395

' 12, 865

9,0802,9306,150

14, 4395,0249,415

' 79, 000

' 44, 53524, 689

' 19, 846

11, 8655, 7686,097

22, 60010, 38312, 217

DERAL Rl

'123

'124'134'103'147'122'141'125'173

'170'133'105

96'131

130

'115'105

101' 95'106'100

133121

'148'122

96

'11270

'13392

124

102107125928988

11690

11712712712810211524593

' 47, 417

' 24, 055' 11, 287' 12, 768

' 9, 0902,951

' 6, 139

14, 2724,9119,361

' 78, 349

' 44, 194' 24, 383' 19, 811

' 11, 752' 5, 763' 5, 989

' 22, 403' 10, 190' 12, 213

SERVE Bl

124

125135106148124146126181

1371S610997

131132

115106

9310596

P13512114912195

10968

130

11312112312110210123494

11512612113110710927082

46, 905

23, 65111, 03512, 615

9,0842,9426,142

14, 1704,7709,401

78, 087

43, 87824, 22819, 650

11, 7535,8415,917

22, 45110, 28612, 165

[TLLETIN a

P124

125

10814&121144123

162137108

131129

116106

P 120p 151P124

P109P66

P130

P104P107P81

P132

P98

P106p 111

P94p 128

P96

nd subse-quent issues.

§The term "business" here includes only manufacturing and trade. Business inventories as shown on p. S-l cover data for all types of producers, both farm and nonfarm. Unadjusteddata for manufacturing are shown on p. S-4; those for retail and wholesale trade, on pp. S-9 and S-10.

fRevised series. Data have been adjusted to more recent benchmarks; all revisions prior to 1953 are available upon request (most of the data published in the 1953 issue of BUSINESS STA-TISTICS are now obsolete).

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

October 1954

November 1954 SURVEY OF CURRENT BUSINESS S-3

Unless otherwise stated, statistics through 1952 anddescriptive notes are shown in the 1953 StatisticalSupplement to the Survey

1953

Septem-ber October Novem-

berDecem-

ber

1954

Janu-ary

Febru-ary March April May June July August Septem-

ber October

GENERAL BUSINESS INDICATORS—Continued

INDUSTRIAL PRODUCTION— Continued

Federal Reserve Index of Physical Volume 9— Con.

Adjusted, combined index 1947-49=100..

Manufactures _ _ _ _doDurable manufactures do

Primary metals. __ doMetal fabricating (incl. ordnance) do

Fabricated metal products doMachinery do

Nonelectrical machinery do__.Electrical machinery do

Transportation equipment doInstruments and related products _- do_ _

Furniture and fixtures do _Lumber and products doStone, clay, and glass products doMiscellaneous manufactures do

Nondurable manufactures doFood and beverage manufactures. do _ _Tobacco manufactures doTextile-mill products. __ _doApparel and allied products doLeather and products. do

Paper and allied products doPrinting and publishing. _ ... do _Chemicals and allied products doPetroleum and coal products. . _ doRubber products do

Minerals doCoal doCrude oil and natural gas doMetal mining doStone and earth minerals do

CONSUMER DURABLES OUTPUT

Unadjusted, total output* 1947-49=100._Major consumer durables _ _do ._

Autos _. doMajor household goods do _

Furniture and floor coverings doAppliances and heaters doRadio and television sets do

Other consumer durables do ._

Adjusted, total output* _ _ _ _ _ doMajor consumer durables do

Autos doMajor household goods do

Furniture and floor coverings.. _ doAppliances and heaters doRadio and television sets. _ do

Other consumer durables do

BUSINESS SALES AND INVENTORIES§

Manufacturing and trade sales (adj.), total t mil. of dol._

Manufacturing, total f doDurable-goods industries _ _ doNondurable-goods industries. do

Wholesale trade, total t _ do _Durable-goods establishments doNondurable-goods establishments _ do ._

Retail trade, total doDurable-goods stores.- doNondurable-goods stores. do

Manufacturing and trade inventories, book value, endof month (adjusted), totalf mil. of dcL.

Manufacturing, total f doDurable-goods industries. do-__Nondurable-goods industries do

Wholesale trade, total t doDurable-goods establishments doNondurable-goods establishments do

Retail trade, total t do__.Durable-goods stores doNondurable-goods stores do

133

135152130166135161141200

186155114114134140

117r10810410010491

135121147131121

11881

136117123

122130134129110108249103

12113013712510999

2481C1

48, 652

25, 37912, 69812, 681

9,2913 0516,240

13,9824, 8659 117

82, OCO

47 08726, 95820, 129

11,9896,2455,744

22, 92410, 92112, 003

132

134151128166134159141193

189154113117133140

11710810698

10793

13?123146129120

11476

131108124

131142151137112114276106

118126132121107101221101

48, 284

25,01012, 37612, 634

9,2342,9826,252

14,0405,0299 Oil

81,805

47 04426, 98720, 057

12,0416,2785,763

22, 72010, 72711,993

129

131146122159130152136184

180155109115132138

115108108

9510191

132121145129118

11170

131103125

11011310712010696

230103

11211712711010293

185101

47,518

24, 25611,86712, 389

9,1582 9946,164

14, 1045 0059 099

81, 276

46 90926, 97519, 934

11,9306,1275,803

22, 43710, 57411, 863

126

127142113156126146133172

182154106110129136

11210311290

10193

125120145128116

11369

133101127

10310610710610492

15696

1091141271049995

14597

47, 209

24, 12611,57612, 550

9,1513 Oil6,140

13 9324 6269 306

81,072

46 72226, 75219, 970

11,6895,9005,789

22, 66110, 66811, 993

125

127141111155126143130169

185148105115125130

113105ICO90

10494

126120143124112

11370

134103119

1121211351099998

17392

11211913310898

10414895

46, 450

23, 90211, 58012, 322

8 9262 8596,067

13 6224 4369 186

80, 688

46 38226 52619, 856

11, 7855,8665,919

22 52110, 68811,833

125

126139109151123141130163

1791471031?0130132

1141069890

10694

129119146126110

11368

135101124

117127138n910311717095

11312113411C99

11114296

46, 714

23, 62011, 27812 342

9 1222 8946,228

13 9724 7459 298

80, 390

46 11526 16819, 947

11,8545,8416,013

22 42110 58411,837

123

125135103147120138125163

173144104116130130

11410610391

10893

131119146122113

11262

13796

124

11912914212010211718294

11211913310999

10^15194

47, 094

24 06411,38512 679

9 1302 8706 260

13 9004 8589 042

80,093

45 77425 90019 874

11 7565,7995 957

22 56310 48612^077

123

125134103147119138125163

174139103114128127

r H5

10710393

T 10994

133120146124113

10958

13678

120

11913115111697

11617292

11612613911697

11417893

47, 636

24 41811 50212 916

8 9762 8226 154

14 2424 8829 360

79, 516

45 18325' 34519* 838

11 6435^7285 915

22 69010 41212,' 278

125

126r 136

106r 148121138124163

r 178138102120130128

11711010895

r 10894

137120148125119

11165

13491

121

11612614611092

112155

92

11913014512096

11719893

46, 914

23 97811 34412 634

8 8922 8366 056

14 0444 730q 313

79, 372

44 79824 92619 872

11 7705,8005 970

22 80410 50212, 302

124

125r 135

108r 147

122139124170

r 170135104108129131

r H610810792

r 10695

136121148

r 124120

11469

136r 99122

11612514311293

112165

94

119128i ifi12496

11094696

47, 779

24 26011 39512 865

9 080f) QOA

6 150

14 4395 0249' 4.1 ^

79, 000

24 68919 846

11 8655,7686 097

22 60010 38312, 217

123

124134103147122141125173

17013610696

131130

11510510195

106100

13312114812296

11270

133r 91' 125

102107125928988

11690

11712712712810211524593

47, 417

24 05511 28712 768

9 0902 9516 139

14 2724* 9119 Qfl-J

78, 34944 -1 QX

04 3g319* 811

n 7^95,7635 989

in ion12, 213

' 123

125135

M05148124

'144••125

181

' 166-•135

10997

'132••133

'114'105

99'94

r 10396

13512114912195

10968

13090

122

11312112312110210123494

115126121131107109270

92

f 46, 717

r 23 482r 10 952r 12 530

r 9 085o 04.9

r g 143

r 14 1504 77/1

f Q ^sn

' 78, 163

f d.1 Q9Qr 94, 9Q9r 19 (597

r 1 1 781}

5,841r ^ Q4.9

12, 165

124

'126' 136'107'148

121'147'125'190

162' 136'110

117' 133' 131

' 115'105

9310192

137' 121

151124116

' 108'67

'129

'108' 110

81' 138

109121279

' 101

' 107111' 87

r 134108111278r 98

47,029

23 67710 97412 703

9 i3g2 8656 273

14 2144 7989' 4.1 7

77, 733

94. in^19 532

5 8135 070

12. 176

p 125

pl27*>138v 111v 148*>120v 148p 124v 195

P 162P137v 110

P 133p 131

v 116

p 122

p 109p 70

v 130

pl09p 112

p 70P 151

P 103

P 104P infi

p 78p i *}̂

» QS

r Revised. v Preliminary. 9 See note marked "t" on p. S-2.*New series. Compiled by the Board of Governors of the Federal Reserve System. For description of the index and back figures, see the May 1954 FEDERAL RESERVE BULLETIN and subse-

§The term "business" here includes only manufacturing and trade. Business inventories as shown on p. S-l cover data for all types of producers, both farm and nonfarm Unadjusteddata for manufacturing are shown on p. S-4; those for retail and wholesale trade, on pp. S-9 and S-10. ^ *, uw iM <mu uum«um. uaaajusicu

fRevised series. Data have been adjusted to more recent benchmarks; all revisions prior to 1953 are available upon request (most of the data published in the 1953 issue of BUSINESS STA-TISTICS are now obsolete).

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

November 1954

December 1954 SURVEY OF CURRENT BUSINESS S-3

Unless otherwise stated, statistics through 1952 anddescriptive notes are shown in the 1953 StatisticalSupplement to the Survey

1953

October Novem-ber

Decem-ber

1954

Janu-ary

Febru-ary March April May June July August Septem-

ber October*-™-

GENERAL BUSINESS INDICATORS—Continued

INDUSTRIAL PRODUCTION— Continued

Federal Reserve Index of Physical Volume 9 —Con.

Adjusted, combined index 1947-49=100

Manufactures doDurable manufactures do

Primary metals doMetal fabricating (incl ordnance) do

Fabricated metal products doMachinery do

Nonelectrical machinery doElectrical machinery do

Transportation equipment doInstruments and related products do

Furniture and fixtures doLumber and products doStone, clay, and glass products doMiscellaneous manufactures do

Nondurable manufactures doFood and beverage manufactures doTobacco manufactures doTextile-mill products doApparel and allied products doLeather and products do

Paper and allied products doPrinting and publishing doChemicals and allied products doPetroleum and coal products doRubber products. ._ do

Minerals doCoal doCrude oil and natural °"as doMetal mining doStone and earth minerals _ do

CONSUMER DURABLES OUTPUT

Unadjusted, total output* li'47-49=100Major consumer durables _ _ _ _ do _

Autos. _ ._ doMajor household goods __ do

Furniture and floor coverings doAppliance" a n d heaters. _ _ _ _ _ _ d oRadio and television sets do

Other consumer durables _ _ do _

Adjusted, total output* _ doMajor consumer durables do

Autos__ - doMajor household goods do

Furniture and floor coverings .. doAppliances and heaters doRadio and television sets do

Other consumer durables _ _ d o

BUSINESS SALES AND INVENTORIES§

Manufacturing and trade sales (adj.), total t mil. of dol__

Manufacturing, totalf _ _ _doDurable-goods industries doNondurable-goods industries.- - do

Wholesale trade, total t- doDurable-goods establishments. - - _ _. -doNondurable-goods establishments do

Retail trade , total doDurable-goods stores doNondurable-goods stores - do

Manufacturing and trade inventories, book value, endof month (adjusted), totalf mil. of del

Manufacturing, total f _ _ - doDurable-goods industries doNondurable-goods industries _ - -.do

Wholesale trade, total f _ . doDurable-goods establishments doNondurable-goods establishments do

Retail trade, total f doDurable-goods stores _ d oNondurable-goods stores - _ _ _ d o _

132

134151128166134159141193

189154113117133140

11710810698

10793

132123146129120

11476

131108124

131142151137112114276106

118126132121107101221101

48, 284

25, 01012, 37612, 634

9,2342,9826,252

14, 0405,0299,011

81, 805

47, 04426, 98720, 057

12,0416,2785,763

22, 72010, 72711, 993

129

131146122159130152136184

180155109115132138

11510810895

10191

132121145129118

11170

131103125

11011310712010696

230103

11211712711010293

185101

47, 518

24, 25611,86712, 389

9,1582,9946,164

14, 1045,0059,099

81, 276

46, 90926, 97519, 934

11,9306,1275,803

22, 43710,57411,863

126

127142113156126146133172

182154106110129136

11210311290

10193

125120145128116

11369

133101127

10310610710610492

15696

1091141271049995

14597

47, 209

24, 12611,57612, 550

9,1513,0116,140

13, 9324 6269,306

81, 072

46, 72226, 75219, 970

11,6895,9005,789

22, 66110, 66811, 993

125

127141111155126143130169

185148105115125130

113105100'9110494

126120143124112

11370

134103119

1121211351099998

17392

11211913310898

10414895

46, 450

23, 90211,58012, 322

8,9262,8596,067

13, 6224,4369,186

80, 688

46, 38226, 52619, 856

11, 7855,8665,919

22, 52110, 68811,833

125

126139109151123141130163

179147103120130132

11410698

r 9110694

129119146126110

11368

135101124

11712713811910311717095

11312113411099

11114296

46, 714

23, 62011,27812, 342

9,1222,8946,228

13, 9724 7459,228

80, 390

46, 11526 16819, 947

11,8545,8416,013

22 42110, 58411,837

123

125135103147120138125163

173144104116130130

11410610391

10893

131119146122113

11262

13796

124

11912914212010211718294

11211913310999

10515194

47, 094

24, 06411 38512, 679

9,1302,8706,260

13 9004 8589,042

80, 093

45, 77425 90019, 874

11,7565,7995,957

22 56310, 48612,077

123

125134103147119138125163

174139103114128127

115107103»"9410994

133120146124113

10958

r 13778

120

11913115111697

11617292

11612613911697

11417893

47, 636

24, 41811 50212, 916

8,9762,8226,154

14, 2424 8829,360

79,516

45,18325 34519, 838

11,6435,7285,915

22 69010 41212, 278

125

126136106148121138124163

178138102120130128

11711010895

' 10794

137120148125119

11165

13491

121

11612614611092

11215592

11913014512096

11719893

46, 914

23 97811 34412 634

8 8922 8366,056

14 0444 7309 313

79, 372

44 79824 92619 872

11 7705,8005 970

22 8041C 50212,302

124

125135108147122139124170

170135104108129131

116108107r 9310695

136121148124120

11469

13699

122

11612514311293

112165

94

11912813612496

11024696

47, 779

24 26011 39512 865

9 0802 9306, 150

14 4395 0249' 415

79 000

44 53524 68919 846

11 8655,7686 097

22 60010 38312! 217

123

124134103147122141125173

17013610696

131130

rl!410510195

'102100

133121148122'97

11270

13391

125

102107125928988

11690

11712712712810211524593

47, 417

24, 05511 28712 768

9 0902 9516,139

14 2724 9119 361

78 349

44 19424 38319 811

11 7525,7635 989

22 40310' 19012] 213

123

125135105148124144125181

16613510997

132133

1141059994

10396

13512114912195

10968

130'83

M21

11312112312110210123494

115r 125

121131

T 106109270

r 91

46, 717

23, 48210 95212, 530

9 0852 9426,143

14 1504 7709 380

78 163

43 92924 23219 697

11 7835,8415 942

22 45110' 286 i12! 165'

124

126136107148121147125190

162136110117133131

115105

9310192

137121151124116

10867

12979

121

10811081

138109121279

' 101

10711187

13410811127898

r 46, 999r 23, 626* 10, 947* 12, 679

r 9, 1592,865

r 6, 294

14 2144 7989 417

r 77, 790r 43 668r 24 120r 19 518

r 11 617r 5, 816r 5 881

r 22 42510 ' 234

T 12, 191

125

127138111148120148124195

162137110

133131

116

122

10970

130

10911270

151

103

10410678

133

98

46, 480

23 37710 78912 588

9 0322 8416,191

14 0714 6899 382

77 475

43 77324' 37219 401

11 7065^8685 838

91 99^9 974

12! 022r Revised. v Preliminary. 9 See note marked "t" on p. S-2.*New series. Compiled by the Board of Governors of the Federal Reserve System. For description of the index and back figures, see the May 1954 FEDERAL RESERVE BULLETIN" and subse

quent issues.§The term "business" here includes only manufacturing and trade. Business inventories as shown on p. S-l cover data for all types of producers, both farm and nonfarm. Unadjusted

data for manufacturing are shown on p. S-4; those for retail and wholesale trade, on pp. S-9 and S-10.fRevised series. Data have been adjusted to more recent benchmarks; all revisions prior co 1953 are available upon request (most of the data published in the 1953 issue of BUSINESS

STATISTICS are now obsolete).

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

December 1954