Full text of G.12.3 Industrial Production : June 22, 1939
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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM Released for publication Saturday morning, June 24 HAS BX - 178 June 22, 1939 BUSINESS INDEXES (1925-1925 average * 100) Adjusted for seasonal variation 1938 1936 1 Apr. W Industrial production Total Manufactures Total Durable Nondurable Minerals Construction contracts, value Total Residential All other Factory employment Total Durable goods Nondurable goods Factory payrolls Total Durable goods nondurable goods Without seasonal adjustment 1938 1939 May &V 1 Af. p92 92 76 p94 96 77 p91 p72 pl07 p98 92 76 105 96 73 51 93 91 p94 p79 pl07 p98 96 84 106 88 75 65 93 90 p61 p55 p66 67 58 74 61 37 62 p73 p65 p80 76 68 83 61 44 76 90.9 83.2 98.2 83.7 74.1 92.9 91.2 84.1 98.0 83.4 75.0 91.5 84.9 80.2 90.2 72.9 64.2 82.6 * * * * * * * * * Freight-oar loadings Total Miscellaneous 62 70 60 70 58 61 62 73 58 72 57 64 Department store sales, value 85 88 78 87 88 80 Department store stocks, value p66 67 69 po8 69 71 p—Preliminary. * Data not yet available! Bote:—Production, oarloadings, and department store sales indexes based on daily averages. To convert durable and nondurable manufactures indexes to points in total index of manufactures figures, shown in Federal Reserve Chart Book, multiply durable by .463 and nondurable by .557. Construction contract indexes based on 5-month moving averages, centered at second month, of F. W. Dodge data for 37 Eastern States. To convert indexes to value figures, shewn in Federal Reserve Chart Book, multiply total by $410,269,000, residential by $184,137,000, and all other by $226,132,000. Bnployment index, without seasonal adjustment, and payrolls index compiled by Bureau of Labor Statistics. 2. INDUSTRIAL PRODUCTION (1923-1925 average=100) Adjusted for seasonal variation m a 1958 Hay | tor. Without seasonal adjustment 1938 1939 May t Apr, *ay , MOZFACTURBS Durable goods Iron sad steel Pig Iron Steel ingots Auteeobilee LOMMtlTM C«Mafc Plate gleet Tla deliveries Beehive ooke Leather and products flatting Cattle hide leathers Calf and kip leathers Coat and kid leathers Fetroleua refining Gasoline Kerosene Fuel oil Lubricating oil Tobacco products Cigars Cigarettes Manufactured tobacco p—Preliminary. 51 41 52 69 12 82 47 69 6 97 108 88 90 81 99 105 155 100 94 77 81 87 84 66 105 110 164 86 81 pl04 113 76 92 81 101 122 159 90 81 100 113 B7 81 72 87 114 127 91 109 77 83 66 82 64 100 126 161 81 91 66 127 68 rl30 55 rl26 66 151 54 rl39 54 129 pll4 s 105 75 77 68 74 198 pioe * * * 114 96 91 101 106 199 116 112 94 91 91 105 199 249 121 143 115 161 72 215 78 97 71 73 65 69 197 253 114 133 108 165 72 240 84 79 res 81 87 * 89 81 88 47 40 48 49 12 69 44 * • »• »» P* 2 pl04 110 76 94 84 104 108 142 85 72 * , nondurable good# Testttes ' ' Cotton oonsuaption 811k deliveries Slaughtering and meat packing Hogs Cattle Calve# Sheep Wheat flour Sugar meltings XewsprlBt production Bewsprint ooaisuHptlon 6 98 108 p2 88 r?0 90 106 * 79 91 82 2 75 56 74 75 * .. * * 122 •• «# * e e e > 170 75 246 65 r—Revised. 79 56 81 86 * * * „ # * * * * * » • 164 77 236 81 165 70 237 84 ' 172 78 248 as * Data not yet available. 3. INDUSTRIAL PRODUCTION (1923-1926 average-100) Without seasonal adjustment r 1%$ : : :1939 May May 1 Apr* Adjusted for seasonal variation 1S38 im May May 1 Apr* MINERALS Bituminous ooal Anthracite Petroleum, crude Lead Zinc Silver Iron ore p46 p73 pl76 •• * 89 * 55 67 64 156 60 79 92 19 31 80 174 71 91 101 p~Preliminary 26 83 174 70 94 102 p40 p73 pi 77 • 90 m 82 49 64 158 59 80 89 28 * Data not yet available. FACTORY DEPLOYMENT AND PAYROLLS (1923-4.926 average*=100) BBPICQwent Adjusted for Without seasonal variation seasonal adjustment j W " 16*9 1938 A jr **y .1 P » 1 *»y "ay , 1 *P*> % Durable goods Iron and steel Machinery Transportation equip* Automobiles Honferrous metals Lumber and products Stone, olay and glass Nondurable goods Textiles and products Fabrics Wearing apparel Leather products Food products Tobacco products Paper and printing Chemicals and petroleum products Petroleum refining Chemicals group. except petroleum refining Rubber products * # * * • * * 87.6 94.9 90.4 96.3 93.6 64.6 72.2 80.2 89.1 65.1 65.3 82.4 60.9 63.4 * * * * * * * 96.4 88.3 113.8 91.7 122.3 63.2 106.3 87.6 78. 6 106.6 87.1 120.0 64.8 103.7 • * 112.8 110.2 116.7 121.5 * * 111.9 81.4 107.5 71.3 . 88.3 95.1 95.4 102.1 93.4 64.3 72.7 * # * * * * * • * * • * $ * » * * * • 80.7 89.7 68.2 68.6 81.8 61.0 66,0 98.6 87.4 88.8 78.0 119.0 107.2 94.0 86.0 114.0 113.6 61.8 63.8 105.9 103.4 114.9 116.1 108.8 120.9 114.6 82.1 105.9 71.4 Payrolls Without seasonal adjustment 1939 1 1938 May t Apr. } May * * * * * * * • * * * * * * * * * 80.1 62.7 93.8 80.6 94.4 59.5 99.5 56.8 86.2 69.0 55.7 50.5 62.6 57.7 79.8 66.3 73.9 62.0 88.8 72.5 74.5 60.9 114.0 117.3 53.0 66.6 103.3 98.5 120.5 115.7 128.5 139.6 118.0 108.3 83.0 63.3 Bote*—Indexes of factory employment and payrolls are for payroll period ending nearest the middle of the month. May 1839 figures not yet available. ;r-.. .- . ...