Full text of G.12.3 Industrial Production : January 16, 1939

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BOARD OF GOVERNORS OF TEE FEDERAL RESERVE SYSTEM
Division of Research and Statistics

January 16, 1939

CONFIDENTIAL
Hot for publication
PRELIMINARY BUSINESS INDEXES
(1923-1925 average = 100)

Without
seasonal adjustment
1937
1938
Dec.
Dec. | Nov.

Adjusted for
seasonal variation
1937
1938
Dec.
Dec, 1 Nov.
GEHEItAL INDEXES
Industrial production
Total
Manufactures
Total
Durable
Nondurable
W W W *
Ceaetruotlott eontraote, value
Total
Residential
All other
Freight-cur loadings
Total
Miscellaneous
Department store sales, vulue
Wholesale prices (1926-100)
All commodities
Farm products
Foods
Other commodities
SELECTED P R O W C T I W INDEXES
Pig iron
Steel ingots
Automobiles
Cotton consumption
Silk deliveries
Meat packing
Bituminous coal
Anthracite
Petroleum, crude
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p~PrcliaiiLury
lotc2—Production, carloadings, and department store sales indexes based on daily
averages#
Construction contract index* s based on 3-month moving average* centered at
second month, of F # W . Dodge data for 37 Eastern States.
Wholesale price indexes compiled by Bureau of Labor Statistics* Figures for
December 1938 estimated from the Bureau's weekly indexes.