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

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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
R&S 31 - 151
September 16, 1939

Released for publication
Monday morning, September 18
BUSINESS INDEXES
(1923-1925 average • 100)
Adjusted for
«An««ru»i variation

M
JliSm
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
Freight-car loadings
Total
Miscellaneous
Department store sales, value
Department store stocks, value

t

jZ&bL

232L

Without
seasonal adjustment

JlM*

2m

My

Mk.

pl02

101

88

P98

97

87

pl03
P92
p!13
P92

100
88
110
106

87
64
108
95

P98
n85
pllO
p96

95
83
105
107

85
63
104
97

p70
p64
?75

67

66
53
77

P73

73
63
81

69
52
84

*
*

90.5
82,1
98,5

85.7
71.7
99.0

*

83.9
76,6
92.1

76.9
63.7
91.7

*
#

•

62

71

91.7
82*6
100,3

w w "

—

—

— •

84.9
72*0
97.2
—

064

p82

«r

#

*

—

* —

70
74

69
72

62
67

71
75

70
74

68

P89

86

83

P70

60

65

*•

67

67

*

60

65

63

p—Preliminary.
* Data not yet available.
Notei—Production, carloadings, 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 .537,
Construction contract indexes based on 3-month moving averages, centered at
second month, of F. W, Dodge data for 37 Eastern States. To convert indexes to
value figures, shown in Federal Reserve Chart Book, multiply total by $410,269,000, residential by #184,137,000, and all other by $226,132,000.
Employment index, without seasonal adjustment, and payrolls index compiled
by Bureau of Labor Statistics.




•

*
INDUSTRIAL PRODUCTION
(1923-1925 average-100)
Adjusted for
seasonal variation
1938
1939
Aug.
Aug. } July

Without
seasonal adjustment
1933
1939
July
Aug.

MANUFACTURES
Durable roods
Iron and steel
Pig iron
Steel ingots
Automobiles
Locomotives
Cement
Plate glass
Tin deliveries
Beehive coke
Nondurable >oods
Textiles
Cotton consumption
Silk deliveries
31s.ught.erir.- and meat oackim
Hogs
Cattle
Calves
Sheep
Wheat flour
Sugar meltings

105
91
107
D85

rlOO
81
rl02
87

*

82
87

#

121

—

p—Preliminary.




103
87
105
?26

r93
77
r95
66

#

100
78
L7
4

#

121
99
P4

#

69
49
'71
26
5
87
65
4

P5

5

5

P119
128
87
92
84
100
104
139
88
77

111
117
84
89
77
102
107
145
96
81

110
115
102

74
103
115
153
87
86

pll2
115
91
80
64
98
96
140
94
86

*
*

63
126

53
123

62

*

112

52
no

P113

114
89
89
71
106
212

109
82
86
77
75
203

pl26

112

— —

— —

117

104

121
04
G5
93
74
203
264
99
134
108
172
76
250
64

Newsprint production
Newsprint consumption
Leather and products
Tanning
Cattle hide leathers
Calf and kip leathers
Goat and kid leathers
Petroleum refiniivGfcsoline
Kerosene
Fuel oil
Lubricating oil
Tobacco products
Cigars
Cigarettes
Manufactured tobacco

*

70
51
72
45
4
67
89

*
#
#
*

»
*

—

89

—
—

—

*

»
*
«•

158
73
227
80

i*—-Revised.

#

*
&

*
*
*
&

•a
«•

—

161
73
232
81

*
*
#
*
#

103
106

80

84
69
101
104
U5
94
98

88
86
83
98

211
273
103
139
115
171

76
249
80

103

103
106
77
56
101
106
154

94
97

» Data not yet avail?hie.

INDUSTRIAL PRODUCTION
(1923-1925 average-100)
Adjusted for
seasonal variation
^939
J22L
Aug. I July I Aug.
MINERALS
Bituminous coal
Anthracite
Petroleum, crude
Lead
Zinc
Silver
Iron ore
p—Preliminazy,




p76
P53
pl29
*

93

»

78

75
53
174
66
91
70
74

64
38
167
46
74
1(5
37

Without
seasonal adjustment
Aug.
P75
P53
pl32
#

87
159

JL323L

| July
68
44
178
65
•84
59
150

| We

Ancr
6 Aug
1
62
38
170
44
69
104
76

* Data not yet available.