Full text of Business Conditions Digest : May 1980
The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
U.S. DEPARTMENT OF COMMERCE
Philip M. Klutznick, Secretary
Courtenay M. Slater, Chief Economist for the Department of Commerce
BUREAU OF ECONOMIC ANALYSIS
George Jaszi, Director
Allan H. Young, Deputy Director
John E. Cremeans, Associate Director for National
Analysis and Projections
Feliks Tamm, Editor
This report is prepared in the Statistical Indicators Division of the Bureau of Economic
Analysis. Technical staff and their responsibilities for the publication areBarry A. Beckman—Technical supervision and review
Brian D. Kajutti—Composite indexes
Morton Somer—Seasonal adjustments
Betty F. Tunstall—Data collection and compilation (Phone: 202-523-0541)
The cooperation of government and private agencies that provide data is gratefully
acknowledged. Agencies furnishing data are indicated in the list of series titles and sources
at the back of this report.
This publication is prepared under the general guidance of a technical committee under the
auspices of the Office of Federal Statistical Policy and Standards. The Committee consists of
the following persons:
Beatrice N. Vaccara, Chairman, Bureau of Industrial Economics, U.S. Department of
Commerce
John E. Cremeans, Bureau of Economic Analysis, U.S. Department of Commerce
Joseph W. Duncan, Office of Federal Statistical Policy and Standards
Lyle E. Gramley, Council of Economic Advisers, Executive Office of the President
Ronald E. Kutscher, Bureau of Labor Statistics, U.S. Department of Labor
J. Cortland Peret, Board of Governors of the Federal Reserve System
ABOUT THIS REPORT
BUSINESS CONDITIONS DIGEST (BCD) provides
a monthly look at many of the economic time
series found most useful by business analysts
and forecasters.
The original BCD, which began publication
in 1961 under the title Business Cycle Developments, emphasized the cyclical indicators approach to the analysis of business conditions
and prospects. The report's contents were based
largely on the list of leading, roughly coincident,
and lagging indicators maintained by the
National Bureau of Economic Research, Inc.
In 1968t BCD was expanded to increase its
usefulness to analysts using other approaches to
business conditions analysis. Principal additions
to the report were series from the national income and product accounts and series based on
surveys of businessmen's and consumers' anticipations and intentions. The composite indexes were added at that time, and the report's
present title was adopted.
The dominant feature of the current BCD is
the cyclical indicators section, in which each
business cycle indicator is assigned a three-way
timing classification according to its behavior at
peaks, at troughs, and at all turns. This section is
supplemented by a section containing other important economic measures. The method of
presentation is explained in the introductory text
which begins on page 1.
Annual subscription price: $40 domestic, $50
foreign. Single copy price: $3.50 domestic, $4.50
foreign. For information concerning foreign airmail delivery, available at an additional charge,
write the Superintendent of Documents (address
Most of the data contained in this report
also are published by their source agencies. A
series finding guide and a complete list of series
titles and sources can be found at the back of the
report.
Cyclical Indicators are economic time series
which have been singled out as leaders, coinciders, or (aggers based on their general conformity to cyclical movements in aggregate
economic activity. In this report, cyclical indicators are classified both by economic process
and by their average timing at business cycle
peaks, at business cycle troughs, and at peaks
and troughs combined. These indicators have
been selected primarily on the basis of their
cyclical behavior, but they also have proven
useful in forecasting, measuring, and interpreting short-term fluctuations in aggregate
economic activity.
Other Economic Measures provide additional information for the evaluation of current business
conditions and prospects. They include selected
components of the national income and product
accounts; measures of prices, wages, and
productivity; measures of the labor force,
employment, and unemployment; economic
data on Federal, State, and local government activities; measures of U.S. international transactions; and selected economic comparisons with
major foreign countries.
follows), enclosing a copy of your address label.
Make checks payable to the Superintendent of
Documents. Send to the U.S. Government
Printing Office, Washington, D.C. 20402.
BUSINESS CONDITIONS DIGEST
New Features and Changes for This Issue
ltd*
iii
METHOD OF PRESENTATION
Seasonal Adjustments
MCD Moving Averages
Reference Turning Dates
Part I. Cyclical Indicators
Part II. Other Important Economic Measures
How To Read Charts
How To Locate a Series
Summary of Recent Data and Current Changes
1
1
1
1
4
5
5
6
MAY 1980
Data Through April
Volume 20, Number 5
PART I.
CYCLICAL INDICATORS
COMPOSITE INDEXES AND
THEIR COMPONENTS
Al I
A2
M|
Composite Indexes
Leading Index Components
Coincident Index Components
Lagging Index Components
Chart
Table
10
12
14
15
60
—
—
—
16
19
21
23
26
28
31
61
63
64
65
68
69
71
36
—
39
74
77
—
CYCLICAL INDICATORS
BY ECONOMIC PROCESS
Bl
B2
B3
B4
B5
B6
B7
Employment and Unemployment
Production and Income
Consumption, Trade, Orders, and Deliveries
Fixed Capital Investment
Inventories and Inventory Investment
Prices, Costs, and Profits
;
Money and Credit
DIFFUSION INDEXES
AND RATES OF CHANGE
Cl I
C2
C3~l
Diffusion Indexes
Selected Diffusion Index Components
Rates of Change
The Secretary of Commerce has determined that the publication of this periodical is necessary in the
transaction of the public business required by law of this Department, Use of funds for printing this
periodical has been approved by the Director of the Office of Management and Budget through September 1 T 1980.
BCII
PART II.
OTHER IMPORTANT
ECONOMIC MEASURES
NATIONAL INCOME
AND PRODUCT
Al
A2
A3.
40
41
42
43
44
45
46
47
Table
80
80
81
81
82
82
82
83
Price Movements
Wages and Productivity
48
49
84
87
ElflPLOYWIENT,
AND UNEMPLOYMENT
Civilian Labor Force and Major Components
51
89
52
53
90
90
56
57
92
93
58
59
59
94
95
96
Chart
GNP and Personal Income
Personal Consumption Expenditures
Gross Private Domestic Investment
Government Purchases of Goods and Services
Foreign Trade
National Income and Its Components
Saving
Shares of GNP and National Income
'AND PRODUCTIVITY
GOVERNMENT
Receipts and Expenditures
Defense Indicators
U.S. INTERNATIONAL TRANSACTIONS
Merchandise Trade
Goods and Services Movements
,
INTERNATIONAL
Industrial Production
Consumer Prices
Stock Prices
III.
A. MCD and Related Measures of Variability (April 1980 issue)
QCDand Related Measures of Variability (April 1980 issue)
B. Current Adjustment Factors
C. Historical Data for Selected Series
D. Descriptions and Sources of Series (See "Alphabetical Index—Series Finding Guide")
E. Business Cycle Expansions and Contractions: 1854 to 1975 (March 1980 issue)
F. Specific Peak and Trough Dates for Selected Indicators (October 1979 issue)
G. Experimental Data and Analyses
Alphabetical Index—Series Finding Guide
Titles and Sources of Series
97
98
105
110
114
Readers are invited to submit comments and
suggestions concerning this publication.
Address them to Feliks Tamm, Chief, Statistical
Indicators Division, Bureau of Economic Analysis,
U.S. Department of Commerce, Washington, D.C. 20230
NEW FEATURES
AND CHANGES
FOR THIS ISSUE
A limited number of
changes are made from
time to time to
* incorporate recent findings of economic
research, newly available time series, and
revisions made by
source agencies in
concept, composition,
comparability, coverage,
seasonal adjustment
methods, benchmark
data, etc. Changes may
result in revisions of
data, additions or
deletions of series,
changes in placement of
series in relation to
Changes in this issue are as follows:
1. Data from the survey on "Manufacturers1 Shipments,
Inventories, and Orders" (M3-1) have been revised by the
source agency for the period 1977 to date to reflect new
seasonal factors based on data through 1979. The following
BCD series have been revised:
Series 6-8, 10, 20, 24, 25, 27, 36, 38, 65, 69,
78, 96, 548, 559, 588, 964.
Series 561 was not affected by the new seasonal adjustment.
Revised data for the other series (31, 56, 57, 70, 71,
77, and the inventory/sales ratio for manufacturing) that
include data from the M3-1 Survey will be published when
they become available.
Further information concerning these revisions may be
obtained from the U.S. Department of Commerce, Bureau of
the Census, Industry Division.
(Continued on page iv.)
The June issue of BUSINESS CONDITIONS DIGEST is scheduled
for release on July 2.
other series, changes
in composition of
indexes, etc.
2. The series on productivity and costs (series 26; 63; 345; 346; 358; 370;
and Unit labor cost, all persons, nonfarm business sector) have been revised in
their entirety by the source agency. These revisions reflect (1) the reestimation of average weekly hours for nonproductiofi workers based on newly available
information; (2) the new (January 1980) seasonal adjustment factors for the
Consumer price index for all urban consumers (affecting series 346 only); and
(3) the adjustment of quarterly productivity and cost measures for the manufacturing sector to conform with revised estimates of output for 1979.
Revised 1979 data for these series were shown in the April ECD3 and revised
data for the earlier period are included in this issue.
Further information concerning these revisions may be obtained from the
U.S. Department of Labor, Bureau of Labor Statistics, Office of Productivity and
Technology, Division of Productivity Research.
3. Appendix C contains historical data for series 23, 320, 322, 334, 335,
517, 525, 543, 577, 578, 580, and 967.
4. Appendix G contains cyclical comparisons for series 8, 20, 73, 74, 80,
and 82.
iv
METHOD OF PRESENTATION
This report is organized into two major parts.
Part I, Cyclical Indicators, includes about 150 time
series which have been found to conform well to
broad fluctuations in comprehensive measures of
economic activity. Nearly three-fourths of these are
individual indicators, the rest are related analytical
measures: Composite indexes, diffusion indexes,
and rates of change. Part II, Other Important
Economic Measures, covers over 140 series which
are valuable to business analysts and forecasters
but which do not conform well enough to business
cycles to qualify as cyclical indicators. (There are a
few exceptions: Four series which are included in
part I are also shown in part II to complete the
systematic presentation of certain sets of data,
such as real GNP and unemployment.) The largest
section of part II consists of quarterly series from
the national income and product accounts; other
sections relate to prices, labor force, government
and defense-related activities, and international
transactions and comparisons.
The two parts are further divided into sections
(see table of contents), and each of these sections
is described briefly in this introduction. Data are
shown both in charts and in tables. Most charts
begin with 1956, but those for the composite
indexes and their components (part I, section A)
begin with 1948, and a few charts use a two-panel
format which covers only the period since 1969.
Except for section F in part II, charts contain
shading which indicates periods of recession in
general business activity. The tables contain data
for only the last few years. The historical data for
the various time series are contained in the 1977
Handbook of Cyclical Indicators.
In addition to the charts and tables described
above, each issue contains a summary table which
shows the current behavior of many of the series.
Appendixes present seasonal adjustment factors,
measures of variability, specific cycle turning
dates, cyclical comparison charts, and other
information of analytical interest. An index appears
at the back of each issue. It should be noted that
the series numbers used are for identification
purposes only and do not reflect precise
relationships or order. However, all series
considered as cyclical indicators are numbered in
the range 1 to 199.
Adjustments for average seasonal fluctuations
are often necessary to bring out the underlying
trends of time series. Such adjustments allow for
the effects of repetitive intrayear variations
resulting primarily from normal differences in
weather conditions and from various institutional
arrangements. Variations attributable to holidays
are usually accounted for by the seasonal
adjustment process; however, a separate holiday
adjustment is occasionally required for holidays
with variable dates, such as Easter. An additional
adjustment is sometimes necessary for series
which contain considerable variation due to the
number of working or trading days in each month.
As used in this report, the term "seasonal
adjustment" includes trading-day and holiday
adjustments where they have been made.
Most of the series in this report are presented in
seasonally adjusted form and, in most cases, these
are the official figures released by the source
agencies. However, for the special purposes of this
report, a number of series not ordinarily published
in seasonally adjusted form are shown here on a
seasonally adjusted basis.
MCD Moving Averages
Month-to-month changes in a series are often
dominated by erratic movements. MCD (months for
cyclical dominance) is an estimate of the appropriate span over which to observe cyclical
movements in a monthly series. (See appendix A.)
It is the smallest span of months for which the
average change in the cyclical factor is greater than
that in the irregular factor. The more erratic a
series ist the larger the MCD will be; thus, MCD is 1
for the smoothest series and 6 for the most erratic.
MCD moving averages (that is, moving averages of
the period equal to MCD) tend to have about the
same degree of smoothness for all series. Thus, a
5-term moving average of a series with an MCD of 5
will show .its cyclical movements about as clearly
as the seasonally adjusted data for a series with an
MCD of 1.
The charts in this report generally include
centered MCD moving averages for those series
with an MCD greater than 4. The seasonally
adjusted data are also plotted to indicate their
variation about the moving averages and to provide
observations for the most recent months.
Part I. CYCLICAL INDICATORS
Business cycles have been defined as sequences
of expansion and contraction in various economic
processes that show up as major fluctuations in aggregate economic activity—that is, in comprehensive measures of production, employment,
income, and trade. While recurrent and pervasive,
business cycles of historical experience have been
definitely nonperiodic and have varied greatly in
duration and intensity, reflecting changes in
economic systems, conditions, policies, and
outside disturbances.
One of the techniques developed in business
cycle research and widely used as a tool for analyzing current economic conditions and prospects is
the cyclical indicators approach. This approach
identifies certain economic time series as tending
to lead, coincide with or lag behind the broad
movements in aggregate economic activity. Such
indicators have been selected and analyzed by
NBER in a series of studies published between
1938 and 1967. During the 1972-75 period, a new
comprehensive review of cyclical indicators was
carried out by the Bureau of Economic Analysis
(BEA) with the cooperation of the NBER research
staff. The present format and content of part I of
BCD are based on the results of that study.
Section A. Composite Indexes and
Their Components
All cyclical indicators have been evaluated according to six major characteristics: Economic
significance, statistical adequacy, consistency of
timing at business cycle peaks and troughs,
c o n f o r m i t y to business e x p a n s i o n s and
contractions, smoothness, and prompt availability
(currency). A formal, detailed weighting scheme
was developed and used to assess each series by all
of the above criteria. (See articles in the May and
November 1975 issues of BCD.) The resulting
Reference Turning Dates
scores relate to cyclical behavior of the series
The historical business cycle turning dates used during the period 1947-70. This analysis produced
in this report are those designated by the National a new list of indicators classified by economic
Bureau of Economic Research, Inc. (NBER). They process and typical timing at business cycle peaks
mark the approximate dates when, according to and troughs. (See tables on page 2 and text below
NBER, aggregate economic activity reached its relating to section B.)
This information, particularly the scores relating
cyclical high or low levels. As a matter of general
practice, neither new reference turning dates nor to consistency of timing, served as a basis for the
the shading for recessions will be entered on the selection of series to be included in the composite
charts until after both the new reference peak and indexes. The indexes incorporate the best-scoring
the new reference trough bounding the shaded area series from many different economic-process
groups and combine those with similar timing
have been designated.
The historical reference turning dates are subject behavior, using their overall performance scores as
to periodic review by NBER and on occasion are weights. Because they use series of historically
changed as a result of revisions in important tested usefulness and given timing characteristics
economic time series. The dates shown in this pub- (for example, leading at both peaks and troughs),
lication for the 1948-1970 time period are those with diversified economic coverage and a minimum
determined by a 1974 review. The turning dates for of duplication, composite indexes give more
the 1973-1975 period are detailed in NBER's 1976 reliable signals over time than do any of the
individual indicators. Furthermore, much of the
Annual Report.
1
Cross-Classification of Cyclical Indicators by Economic Process and Cyclical Timing
A. Timing at Business Cycle Peaks
1.
X, Economic
\Process
II.
PRODUCTION
AND
INCOME
(10 series)
EMPLOYMENT
AND
UNEMPLOY.
MENT
(18 series)
Cyclical X.
Timing
X.
Marginal
employment
adjustments
(6 series)
Job vacancies
(2 series)
Comprehensive
employment
(1 series)
Comprehensive
unemployment
(3 series)
LEADING (L)
INDICATORS
(62 series)
.,._. , _._.,=====_=,==_ ,
ROUGHLY
'
Comprehensive
employment
(1 series)
New and
unfilled orders
and deliveries
(6 series)
Consumption
(2 series)
Capacity
utilization
(2 series)
Formation of
business
enterprises
(2 series)
Business
investment
commitments
(5 series)
Residential
construction
(3 series)
VI.
PRICES, COSTS,
AND PROFITS
(17 series)
Comprehensive
output and
real income
(4 series)
Industrial
production
(4 series)
Consumption
and trade
(4 series)
VII.
MONEY
AND CREDIT
(26 series)
!
j
, Stock prices
(1 series)
Commodity
prices
(1 series)
Profits and
profit
margins
(7 series)
Cash flows
(2 series)
Inventory
investment
(4 series)
inventories on
hand and on
order
(1 series)
...
. ........
Money flows
(3 series)
Real money
supply
(2 series)
Credit flows
(4 series)
Credit
difficulties
(2 series)
Bank reserves
(2 series)
Interest rates
(1 series)
.
:
\
>
,. ,
Backlog of
investment
commitments
(1 series)
Business
investment
expenditures
(5 series)
Duration of
unemployment
(2 series)
LAGGING {Lg)
INDICATORS
(18 series)
V.
INVENTORIES
AND
INVENTORY
INVESTMENT
(9 series)
IV.
FIXED
CAPITAL
INVESTMENT
(18 series)
'
COINCIDENT(C)
INDICATORS
(23 series)
_=_-„..-,,,-__,
III.
CONSUMPTION.
TRADE,
ORDERS, AND
DELIVERIES
(13 series)
Velocity of
money
(2 series)
1 nterest rates
(2 series)
'
i
Inventories on
hand and on
order
(4 series)
Business
investment
expenditures
(1 series)
Unit labor costs
and labor share
(4 series)
Interest rates
(4 series)
Outstanding
debt
(3 series)
Commodity
prices
(1 series)
Profit share
(1 series)
Interest rates
(1 series)
VI.
PRICES, COSTS,
AND PROFITS
(17 series)
VII.
MONEY
AND CREDIT
(26 series)
_ :__,__
.Comprehensive
employment
(3 series)
TIMING
UNCLASSIFIED
(U)
(8 series)
Business
investment
commitments
(1 series)
Trade
(1 series)
B. Timing at Business Cycle Troughs
\
\^ Economic
XJProcess
Cyclicalrv
Timing
X^
~|]
i.
x^
II.
PRODUCTION
AND
INCOME
(10 series)
EMPLOYMENT
AND
UNEMPLOYMENT
(18 series)
Industrial
production
(1 series)
New and unfilled
orders and
deliveries
(5 series)
Consumption
and trade
(4 series)
Formation of
business
enterprises
(2 series)
Business
investment
commitments
(4 series)
Residential
construction
(3 series)
Consumption
and trade
(3 series)
Business
investment
commitments
(1 series)
;
1
ROUGHLY
COINCIDENT(C)
INDICATORS
(23 series)
Comprehensive
output and
real income
(4 series)
Industrial
production
(3 series)
Capacity
utilization
(2 series)
Marginal
employment
adjustments
(2 series)
Comprehensive
employment
(4 series)
,___ _________
'
I'
.
. . .
--.-.-.
;<f • .
Business
investment
commitments
(2 series)
Business
Investment
expenditures
(6 series)
. . .
- , :i ,
Inventories on
hanc and on
order
(5 se ries)
Unit labor costs
and labor share
(4 series)
,
Velocity of
money
(1 series)
Bank reserves
(1 series)
Interest rates
(8 series)
Outstanding debt
(3 series)
j;
;i
\
;
•
j
\
i
I
.
.... ......
Bank reserves
(1 series)
!
..__.!
Money flow
(1 series)
Velocity of
money
(1 series)
Profits
(2 series)
:j
TIMING
UNCLASSIFIED
fU)
(1 series)
j
_..
Money flows
(2 series)
Real money
supply
(2 series)
Credit flows
(4 series)
Credit
difficulties
(2 series)
Stock prices
(1 series)
Cbmmodfty
prices
(2 series)
Profits and
profit margins
'
(6 series)
i Cash ftows
(2 series)
i
'!
Unfilled orders
(1 series)
_.,_ ________
J
_J_
Inventory
inves tment
(4 series)
;i
.. . . .
Marginal
employment
adjustments
(1 series)
Job vacancies
(2 series)
Comprehensive
employment
(1 series)
Comprehensive
and duration
of
unemployment
(5 series)
LAGGING (Lg)
INDICATORS
(40 series)
.
i
Marginal
employment
adjustments
(3 series)
LEADING (L)
INDICATORS
(47 series)
V.
INVE MTORIES
AND
INVE MTORY
INVE,5TMENT
(9 series)
IV.
! CONSUMPTION, FIXED
1 TRADE,
CAPITAL
ORDERS, AND
INVESTMENT
DELIVERIES
(18 series)
(13 series)
III.
independent measurement error and other "noise"
in the included series are smoothed out in the
index as a whole. The indexes include only monthly
series that are acceptable in terms of relatively
prompt availability and reasonable accuracy.
The main composite indexes are distinguished by
their cyclical timing. Thus, there is an index of
leading indicators, series which historically reached
their cyclical peaks and troughs earlier than the
corresponding business cycle turns. There is an
index of roughly coincident indicators, consisting
of series which historically reached their turning
points at about the same time as the general
economy, and an index of lagging indicators, which
includes series that typically reached their peaks
and troughs later than the corresponding business
cycle turns.
The leading index contains series with long as
well as short leads, but each series leads on the
average over time and shows a frequency of leads
at the individual turns exceeding that attributable
to chance, given the historical distribution of
cyclical timing. (An analogous statement applies to
the components of the lagging index.) Since 1948,
leads were generally more frequent and longer at
peaks than at troughs of business cycles, while lags
were generally more frequent and longer at troughs
than at peaks. The adopted system of scoring and
classifying the indicators takes into account these
w e l l - e s t a b l i s h e d d i f f e r e n c e s in timing.
Consequently, rough coincidences include short
leads (-) and lags ( + ) as well as exact
coincidences (0). (For monthly series, the range is
from -3 through +1 at peaks and from -1 through
+3 at troughs, where minus denotes leads and
plus denotes lags in months.)
For purposes of constructing a composite index,
each component series is standardized: The monthto-month percent changes in a given series are
divided by the long-run average (without regard to
sign) of those changes. Thus, the more volatile
series are prevented from dominating the index.
The coincident index is calculated so that its longterm trend (since 1948) equals the average of the
trends of its four components. This trend, which is
similar to that of GNP in constant dollars, can be
viewed as a linear approximation to the secular
movement (at an average growth rate) in aggregate
economic activity. The indexes of leading and lagging indicators have been adjusted so that both
their trends and their average month-to-month
percent changes (without regard to sign) are approximately equal to those of the coincident index.
(For a more detailed description of the method of
constructing the composite indexes, see.the 1977
Handbook of Cyclical Indicators.)
In addition to these principal composite indexes,
differentiated according to cyclical timing, there
are five indexes based on leading indicators which
have been grouped by economic process. Taken
together, these additional indexes include all 12
component series of the overall leading index, plus
a few related series. Also shown in this section is
the ratio of the index of roughly coincident
indicators to the index of lagging indicators, a
series known to have a useful pattern of early
cyclical timing. Numbers entered on the charts of
the composite indexes show the length, in months,
of leads (-) and lags (+) at each of the reference
turning dates covered.
The next set of data consists of series included
in the principal composite indexes. These are the
12 components of the leading index, the 4
components of the coincident index, and the 6
components of the lagging index. Following the title
of each series, its typical timing is identified by
three letter symbols in a small box. The first of
these letters refers to the timing of the given
indicator at business cycle peaks, the second to its
timing at business cycle troughs, and the third to
its timing at all turns, i.e., at peaks and troughs
combined. "L" denotes a tendency to lead, "C" a
tendency to roughly coincide with the business
cycle turns (as represented by the NBERdesignated reference dates), and "Lg" a tendency
to lag. Since these series have been selected for the
consistency of their timing at both peaks and
troughs, all components of the leading index are
denoted "L,L,L," all components of the coincident
index "C,C,C," and all components of the lagging
index "Lg,Lg,Lg." It should be remembered that
these classifications are based on limited evidence,
namely the performance of the indicators during
the business cycles of the 1948-70 period, which
included five peaks and five troughs. While the
timing classifications are expected to agree with
the patterns prevailing in the near future, they will
not necessarily hold invariably in every instance.
The timing of the series in the post-1970 period
can be determined by inspection of the charts
where the 1973-75 recession is shaded according
to the dates of the NBER reference cycle
chronology.
August '57, April '60, and December '69); crossclassification B, on their behavior at five business
cycle troughs (October '49, May '54, April '58,
February '61, and November 70). Each tabulation
distinguishes seven major economic processes and
four types of cyclical timing. The titles in the cells
identify subgroups of the given economic process
with the given timing characteristic. The number of
series in each such group is given in parentheses
following the title. Complete information on how
individual indicators are classified by timing at
peaks, troughs, and all turns, along with selected
measures and scores, is provided in the 1977
Handbook of Cyclical Indicators.
Section C. Diffusion Indexes and Rates of Change
Many series in this report are aggregates
compiled from numerous components. How the
individual components of an aggregate move over a
given timespan is summarized by a diffusion index
which indicates the percentage of components that
are rising (with half of the unchanged components
considered rising). Cyclical changes in these
diffusion indexes tend to lead those of the
corresponding aggregates. Since diffusion indexes
are highly erratic, they are computed from changes
measured over 6- or 9-month (or 3- or 4-quarter)
spans, as well as 1-month (or 1-quarter) spans.
Longer spans help to highlight the trends underlying the shorter-term fluctuations. Diffusion indexes
are shown for the component series included in
each of the three composite indexes and for the
components of some of the aggregate series shown
in section B.
Diffusion measures can be derived not only from
actual data but also from surveys of anticipations
or intentions. Indexes based on responses of
business executives about their plans and
Section B. Cyclical Indicators by Economic Process expectations for several operating variables are
presented, along with the corresponding indexes
This section covers 111 individual time series, based on actual data, as the last set of diffusion
including the 22 indicators used in the series.
This section also records rates of change for the
construction of the composite indexes. The peak
and trough timing classifications are shown on the three composite indexes (leading, coincident, and
charts in the same manner as described above, but lagging) and for four indicators of aggregate
this section includes series with different timing at economic activity: GNP in constant dollars
peaks and at troughs, as well as series where the (quarterly), industrial production, employee hours
timing is not sufficiently consistent to be classified in nonagricultural establishments, and personal
as either L,C, or Lg according to the probabilistic income less transfers in constant dollars. Rates of
measures and scoring criteria adopted. Such series change are shown for 1- and 3-month spans or for
are labeled U, i.e., unclassified as to timing at 1-quarter spans.
Although movements in diffusion indexes and in
turning points of the given type. Eight series are
unclassified at peaks, one series at troughs, and 19 rates of change for the same aggregates are
series at all turns (of the 19, 15 have definite but generally positively correlated, these two measures
different timing at peaks and at troughs). No series present information about two related but distinct
that is classified as U both at peaks and at troughs aspects of economic change. Diffusion indexes
measure the prevailing direction or scope of
is included in the list of cyclical indicators.
The classification scheme which groups the change, while rates of change measure the degree
indicators of this section by economic process and as well as the overall direction. As is the case for
cyclical timing is summarized in the two diffusion indexes, cyclical movements in the rates
tabulations on page 2. Cross-classification A is of change tend to lead those of the corresponding
based on the observed behavior of the series at five indexes or aggregates, and thus, they tend to lead
business cycle peaks (November '48, July '53, at the business cycle turns as well.
Part II. OTHER IMPORTANT ECONOMIC
MEASURES
Gross private domestic investment (A3) is fixed Section C. Labor Force, Employment, and
capital goods purchased by private business and Unemployment
nonprofit institutions and the value of the change
This section contains measures of the civilian
This part is divided into six sections which cover in the physical volume of inventories held by labor force and its major components: Total
private
business.
The
former
include
all
private
a wide range of quarterly and monthly time series
numbers of employed and unemployed persons.
measuring various aspects of economic activity. purchases of dwellings, whether purchased for The number of unemployed is subdivided into
tenant
or
owner
occupancy.
Net
purchases
of
used
Some of these series are very comprehensive,
selected categories defined by sex, age, and class
pertaining to the U,S, economy as a whole, others goods are also included.
of
worker. Also included are data on participation
Government purchases of goods and services
have to do with particular sectors or markets, and
rates for a few principal segments of the labor
(A4)
is
the
compensation
of
government
employees
still others relate to U.S. international transactions
force.
or to selected foreign countries, The represented and purchases from business and from abroad. It
variables include incomes, outputs, and excludes transfer payments, interest paid by Section D. Government Activities
expenditures; prices, earnings, and productivity; government, and subsidies. It includes gross
Receipts, expenditures, and their balance (surlabor r e s o u r c e s ; g o v e r n m e n t receipts, investment by government enterprises but excludes
expenditures, and defense-related activities; ex- their current outlays. It includes net purchases of plus or deficit) are shown quarterly on two levels:
ports and imports; and selected indicators for a few used goods and excludes sales and purchases of (1) Federal Government and (2) State and local
land and financial assets.
government. Also shown is a selection of series
key foreign countries.
Net exports of goods and services (AS) is exports from the discontinued Defense Indicators.
less imports of goods and services. Exports are part These series measure defense activities which
Section A. National Income and Product
of the national production; imports are not, but are influence short-term changes in the national
The national income and product accounts, included in the components of GNP and are
economy. Included are series relating to
compiled by BEA, summarize both receipts and therefore deducted. More detail on U.S.
obligations, contracts, orders, production,
final expenditures for the personal, business, international transactions is provided in section E.
shipments, inventories, outlays, and employment.
foreign, and government sectors of the economy.
National income (A6) is the incomes that These series are grouped according to the time at
Section Al shows the gross national product, originate in the production of goods and services
which the activities they measure occur in the
final sales, and personal and disposable personal attributable to labor and property supplied by
defense order-production-delivery process, Series
income. The four major components of the gross residents of the United States. Thus, it measures
measuring activities which usually precede pronational p r o d u c t — p e r s o n a l consumption the factor costs of the goods and services production, such as contract awards and new orders,
expenditures, gross private domestic investment, duced. It consists of the compensation of
are classified as "advance measures of defense
government purchases of goods and services, and employees, proprietors' income, rental income of
activity." Series measuring activities which tend to
net exports of goods and services—are presented in persons, corporate profits, and net interest.
coincide with production, such as employment, and
sections A2 through A5. Most of the series in
Saving (A7) is the difference between income activities which usually follow production, such as
section A are presented in current as well as and expenditures during an accounting period.
shipments, are classified as "intermediate and final
constant dollars. There are also a few per capita Total gross saving includes personal saving,
measures of defense activity/'
series. The national income and product accounts, business saving (mainly undistributed corporate
briefly defined below, are described more fully in profits and capital consumption allowances), and Section E. U.S. International Transactions
the Survey of Current Business, Part I, government surplus or deficit.
January 1976.
This group includes monthly series on exports
Shares of GNP and national income (A8).—The
Gross national product (GNP) is the market major e x p e n d i t u r e c o m p o n e n t s of GNP (excluding military aid) and general imports, plus a
value of'final goods and services produced by the (consumption, investment, etc.) are expressed as few selected components of these aggregates. Also
labor and property supplied by residents of the percentages of GNP, and the major income shown are the balances between receipts and
United States, before deduction of allowances for components of national income (compensation of expenditures for goods and services, merchandise,
the consumption of fixed capital goods. It is the employees, corporate profits, etc.) are expressed as and investment income.
most comprehensive measure of aggregate percentages of national income.
Section F. International Comparisons
economic output. Final sales is GNP less change in
business inventories.
Personal income is the income received by
This section is designed to facilitate a quick
persons (individuals, owners of unincorporated Section B. Prices, Wages, and Productivity
review of basic economic conditions in six of the
businesses, nonprofit institutions, private trust
nations with which we have important trade
funds, and private noninsured welfare funds) from
The important data on price movements include relationships. The U.S. business cycle shading has
all sources, it is the sum of wage and salary the monthly consumer and producer price indexes been omitted from these charts. Data on industrial
disbursements, other labor income, proprietors' and their major components. Based largely on production, consumer prices, and stock prices for
income, rental income of persons, dividends, these series are the quarterly price indexes from Canada, the United Kingdom, France, West Gerpersonal interest income, and transfer payments, the national income and product accounts, notably many, Japan, and Italy are compared with the corless personal contributions for social insurance.
the GNP implicit price deflator (with weights responding U.S. series. Also included is an inDisposable personal income is the personal reflecting the changing proportions of different dustrial production index for the European
income available for spending or saving. It consists expenditure categories in GNP) and the fixed- countries in the Organization for Economic
of personal income less personal taxes and nontax weighted price index for the gross business prod- Cooperation and Development (OECD). The inpayments to government.
uct. Data on both levels and percent changes are dustrial production series provide cyclically sensitive output measures for large parts of the
Personal consumption expenditures (A2) is presented for the period since 1969.
The group of series on wages and productivity economies covered. Changes in consumer price ingoods and services purchased by individuals,
operating expenses of nonprofit institutions, and consists of data on average hourly earnings and dexes (plotted for the period since 1969) provide
the value of food, fuel, clothing, rent of dwellings, average hourly compensation (including earnings important measures of the rates of inflation in the
and financial services received in kind by in- and other benefits) in current and constant dollars, major industrialized countries. Stock prices (also
dividuals. Net purchases of used goods are also in- output per hour of work in the business sector, and shown beginning iin 1969) tend to be significant as
rates of change for most of these measures.
leading indicators.
cluded.
HOW TO READ CHARTS
Peak (P) of cycle indicates
end of expansion and beginning of recession (shaded
area) as designated by NBER.
Basic Data
Trough (T) of cycle indicates
end of recession and beginning of expansion as designated by NBER.
Arabic number indicates latest
month for which data are
plotted. ("9" = September)
Solid line indicates monthly
data. (Data may be actual
monthly figures or moving
averages.)
Dotted line indicates anticipated data.
Broken line indicates actual
monthly data for series where
a moving average is plotted.
Roman number indicates
latest quarter for which data
are plotted. ("IV" = fourth
quarter)
Solid line with plotting points
indicates quarterly data.
Parallel lines indicates a break
in continuity (data not available, extreme value, etc.).
Diffusion Indexes
Solid line indicates monthly
data over 6- or 9-month
spans.
Broken line indicates monthly
data over 1-month spans.
Arabic number indicates latest
month for which data are
used in computing the indexes.
Broken line with plotting
points indicates quarterly
data over 1-quarter spans.
Roman number indicates
latest quarter for which data
are used in computing the indexes.
Solid line with plotting points
indicates quarterly data over
various spans.
Diffusion indexes and rates
of change are centered within
the spans they cover.
Various scales are used to
highlight the patterns of the
individual series. "Scale A"
is an arithmetic scale, "scale
L-1" is a logarithmic scale
with 1 cycle in a given distance, "scale L-2" is a logarithmic scale with two cycles
in that distance, etc.
i
1;
Rates of Change
Solid line indicates percent
changes over 3- or 6-month
spans.
Dotted line indicates anticipated quarterly data over
various spans.
Arabic number indicates latest
month used in computing
the changes.
Broken line indicates percent
changes over 1-month spans.
Broken line with plotting
points indicates percent
changes over 1-quarter spans.
Solid line with plotting points
indicates percent changes over
3-or 4-quarter spans.
Roman number indicates
latest quarter used in computing the changes.
HOW TO LOCATE A SERIES
1. See ALPHABETICAL INDEX-SERIES FINDING GUIDE at
the back of the report where series are arranged alphabetically
according to subject matter and key words and phrases of the
series titles, or
2. See TITLES AND SOURCES OF SERIES at the back of
the report where series are listed numerically according to
series numbers within each of the report's sections.
Table 1. Summary of Recent Data and Current Changes for Principal Indicators
Basic data1
Unit
of
measure
Timing
classification3
Series title
1979
1978
I. CYCLICAL INDICATORS
A. Composite Indexes
Percant crown
Average
3<JQ
4th Q
IstQ
1979
1979
1980
Feb.
1980
Mar.
1980
£
4th Q
to
IstQ
Mar.
1980
to
A|ir.
3dQ
to
4th Q
1980
1979
1980
126.3
140.5
198.5
-2.1
-1.2
-4.8
-1.9
-2.6
-1.5
-0.2
Apr.
1980
Feb.
Mar.
to
8
£
i
91 0 Twelve leading indicators
920. Four coincident indicators
930. Six lagging indicators
1967=100 ..
do. . . .
do. . . .
141.8
140.1
143.1
...
..,
...
...
115.7
106.2
L.L.L
L,L,L
do
do.
do.
do.
do.
93.2
91.7
149.0
145.3
147.2
Marginal Employment Adjustments:
*1. Average workweek, prod, workers, mfg
21, Avg. weekly overtime, prod, workers, mfg.2 . .
2. Accession rate, per 100 employees, mfg.2
6. Avg. weekly initial claims (inverted4)
*3. Layoff rate, per 100 employ., mfg. (inv. 4 ) 2 ..
4. Quit rate, per 100 employees, mfg.2
1,1.1
L.C.L
L,L,L
L.C.L
L.L.L
Ulg.U
Hours
do. . . .
Percent
Thousands. .
Percent
do. . . .
40.4
40.2
40.2
3.6
4.1
339
0.9
2.1
3.3
3.9
381
1.1
2.0
3.2
3.8
391
1.3
1.9
3.2
4.0
404
1.2
2.0
3.1
3.9
406
1.4
2.0
3.1
4.0
375
1.3
2.1
3.1
3.6
440
1.5
1.9
Job Vacancies:
80. Ratio, help-wonted advertising to persons
unemployed2
46 Help-wanted advertising
,
Ulg,U
L,Lg,U
Ratio
1967-100...
0.738
149
0.786
158
0.775
156
0.789
161
0.699
150
0.713
151
0.670
145
U.C.C
U,C,C
C,C,C
L,C,U
A,r.,bil.hrs..
Thousands. .
do. . . .
do. . . .
164.08
91,031
86,446
25,597
169.13
93,648
89,497
26,579
169.55
93,915
89,759
26,638
170.21
94,319
90,108
26,587
171.36
94,486
90,765
26,704
171.48
94,626
90,845
26,732
170.99
94,298
90,799
26,597
169.47
93,912
90,320
26,189
-0.3
-0.3
-0.1
-0.5
-1.5
-0.2
U,Lg,U
Percent
58.59
59.25
59.33
59.31
59.17
59.26
59.00
58.63
-0.26
-0.37
6,047
6.0
3.2
5,963
5.8
3.0
6,008
5.8
2.9
6,084
5.9
3.0
6,390
6.1
3.2
6,307
6.0
3.1
6,438
6.2
3.3
7,265
7.0
3.7
-2.1
-0.2
-0.2
-1.2.8
11.9
10.8
10.5
10.5
10.7
10.7
11.0
11.3
1.6
1399.2 1431.6 1 4 3 3 . 3 1 4 4 0 . 3 1 4 4 2 . 6
1145.2 1178.3 1179.3 1186.8 1182.2 1182.'l 1173.*9 1166!3
9 9 5 . 7 1024.1 1021.3 1029.1 1024.3 1024.8 1017.5 1009.1
L.L.L
C.C.C
Lfl,LQ,Lg
Leading Indicator Subgroups:
913. Marginal employment adjustments . ,
914. Capital investment commitments
915. Inventory investment and purchasing
916. Profitability
917. Money and financial flows
L,L,L
L,L,L
UL.L
,
98.1
140.2
145.1
166.4
140.4
144.9
167.2
136.7
145.0
177.6
134.6
144.7
183.1
135.4
144.9
180.7
132.6
143.2
190.2
5.3
4.4
96.7
95.9
96.3
95.7
96.3
94.3
90.0
113.8
105.9
113.9
105.5
113.0
102.6
112.1
102.2
110.4
101.4
NA
138.9
108.1
98.7
-2.1
-1.5
-0.8
140.7
112.0
102.1
NA
138.7
NA
135.5
-0.3
-2.4
40.2
40.1
40.1
39.8
39.6
-0.7
-0.4
-0.5
-0.3
-0.6
-17.3
-29.3
-0.2
-0.2
-1.3
-0.3
91.8
90.4
89.4
139.3
NA
-4.6
-2.1
-2,7
NA
0.1
6.2
0.4
-0.8
-2.7
-1.5
-4.4
910
920
930
3.1
913
914
915
916
917
-0.6
-0.9
-0.5
NA
-1.4
B. Cyclical Indicators by Economic Process
B1, Employment and Unemployment
Comprehensive Employment:
48. Employee hours in nonagri. establishments . . .
42. Persons engaged in nonagri. activities
*41. Rmployees on nonagri. payrolls
40. Employees in mfg., mining, construction
90. Ratio, civilian employment to total population of working ags2
Comprehensive Unemployment:
37 Total unemployed (inverted 4 )
„ ..
L,Lg,U Thousands . .
43. Unemployment rate, total (inverted 4 ) 2
ULg,U Percent. . : . .
45. Avg. weekly insured unomploy-rate (inv. 4 ) 2 .. L,Lg,U
do. . . .
*91. Avg. duration of unemployment (inverted4) . . Lg.Lg.Lg
4 2
44. Unemploy. rate, 15 weeks and over (inv, ) .. Lg.Lg.Lg Percent
1.4
1.2
1.1
1.2
1.3
1.2
1.3
2.8
3.0
569
2.8
1.6
0.
0 . 5 0 0 - 0 . 0 4 3 -0.170
122
-4.0
-15.9
0.
0.
0.2
-3.3
0.1
0.1
1
21
2
5
3
4
-0.2
-0.1
-0.1
-0,5
-0.2
0.
60
46
0.014
3.2
•0.090
0,4
0.4
0.4
0.7
0.2
0.7
0.4
48
42
41
40
-0.02
-0.14
90
-•0.4
-1.3
-0.1
-0.1
-5.0
-0,2
-0.2
-2.8
-0.1
-2.7
-0.3
-0.1
37
43
45
91
44
-0^7
-0.7
-0.*6
-0.9
-0.4
-0 . 5
-0.8
0.
-6.8
-1.9
-0.1
B2. Production and Income
Comprehensive Output and Income;
50 GNP in 1972 dollars
62. Personal income in 1972 dollars
*S1 . Pars, income less transfer pay., 197?, dollars . .
53, Wages and salaries in mining, mfg., end construction, 1972 dollars
Industrial Production:
*47. Industrial production, total
73. Industrial production, durable mfrs,
74. Industrial production, nondurable mfrs
49. Value of goods output, 1972 dollars
Capacity Utilization:
82. Capacity utilization rate, mfg,, FRB 2
83, Capacity utilization rate, mfg., BEA2
84. Capacity utilization rate, materials, FRB2
—
c,c,c
c,c,c
C.C.C
A.r.,bil.dol.
. . . do. ..
......do. . . .
C.C.C
do. . . .
243.5
246.0
243.9
241.5
238.2
238.9
236.1
230.6
-1.2
-2.3
-1.0
-1.4
S3
C,C,C
C,C,C
C,L,L
C,C,C
1967=100...
do. . , .
do. . . .
A.r., bil. dol.
146.1
139.7
156.9
639.5
152.2
146.3
163.3
653.1
152.3
145.8
164.3
651.3
152.2
145.1
164.4
655.1
152.1
144.1
165.2
657.2
152.3
144.2
165.4
151.3
143.3
164.0
148.5
139.4
161.9
-0.7
-0.6
-0.8
-1.9
-2.7
-1.3
-0.1
-0.5
-0.1
-0.7
47
73
74
49
L.C.U
Percent
do
do. . . .
85.6
85.4
84.6
83.7
85.6
87.2
87.2
86.3
85.2
70.19
41.48
37.16
77.20
41.41
36.46
75.66
40.18
35.77
76.54
39.48
34.71
80.07
39.72
34.80
81.04
40.06
35.61
77.91
38.51
33.15
74.66
36.53
30.33
-3.9
-3.9
-6.9
-4.2
-5.1
-8.5
3.68
3.26
1.52
2.05
2.33
1.96
1.86
1.10
-0.10
0.7
3
-0.76
0.4
-5
L,C,U
84.4
84
82
82
81
-0.8
0.5
0.6
0.8
0.1
0.6
-0.8
NA
-1
-0.9
0.2
-0.4
-0.5
0.5
0.3
-0.9
NA
-1.1
-
SO
52
51
82
83
84
B3. Consumption, Trade, Orders, and
Deliveries
Orders and Deliveries:
6. Now orders, durable goods
UL,L
7. Now orders, durable goods, 1972 dollars
L.L.L
*8. New orders, cons, goods and mtls., 1972 dol. . L,L,L
2
26. dig. in unfilled orders, durable goods
L.L.L
96. Mfrs.' unfilled orders, durable goods5
ULg,U
*32 Vendor performance2 (§)
L,L,L
Consumption and Trade:
56 Manufacturing and trade sales . .
*57. Manufacturing and trade sales, 1972 dollars . .
75. Industrial production, consumer goods
54 Sales of retail stores
59 Sales of retail stores, 1972 dollars
55. Personal consumption expend., autos
58. Index of consumer sentiment ©
Bil. dol
do. ...
do. . . .
do. . . .
Bil. dol., EOP
Percent
C.C.C
Bil. dol
C.L.C
C,L,U
U,L,U
L,C,C
L,L,L
do. . . .
1967=100...
Mil. dol
do. . . .
A.r., bil. dol.
1 Q 1966^100
L,L,L
L.L.L
1967=100...
Number. . . .
c.c.c
2 2 8 . 8 2 2 6 7 . 8 8 261.74 2 6 7 . 8 8 2 7 4 . 8 5 2 7 3 . 0 0 2 7 4 . 8 5 2 7 5 . 9 5
64
63
49
55
42
45
40
45
254.26
156.32
149.1
66,741
44,314
68.0
79.4
288.36
159.82
150.5
73,837
44,800
69.2
66.0
292.99
160.03
149.6
74,886
45,072
67.9
63.9
300.02
158'. 89
149.0
76,385
44,879
66.8
62.1
310.20
158.83
148.4
77,897
44,310
71.9
63.5
310.49
158.95
149.0
77,993
44,365
66.9
NA
307.57
155.81
NA
148.1
145 «1
76,234 75,325
42,870 42,058
-0.9
-2.0
-0.6
-2.3
-3.4
-2.0
-1.2
-1.9
52, , 8
-15.5
-6.5
56.5
NA
NA
1.2
-1.7
-3.0
0.53
4.6
0.6
0.3
0.28
2.3
-6
2.6
-4
2.4
3.4
0.
-0.7
-0.4
2.0
-0.4
-1.6
-2.8
6
7
8
25
96
32
7.6
2.3
56
57
75
54
59
55
58
NA
NA
12
13
-0.4
2.0
-1.3
84. Fixed Capital Investment
Formation of Business Enterprises:
*1 2. Net business formation
13 New business incorporations
132.9
131.7
3 9 , 9 9 6 43,714
132.4
131.5
44,084 44,956
NA
NA
135.4
NA
NA
NA
NA
WA
NA
NA
NA
NA
0.7
2.0
Table 1. Summary of Recent Data and Current Changes for Principal Indicators—Continued
Basic data1
Timing
classification3
Series title
Unit
of
measure
Psrcent change
Aven*
1978
1979
to
Mar
to
Mar.
1980
Apr.
1980
Feb.
30Q
4th Q
IstQ
1979
1979
1980
Feb.
1980
Mar.
1980
Apr.
1980
3dQ
to
4th Q
1979
4th Q
to
IstQ
I960
1
I. CYCLICAL INDICATORS-Con.
B4. Fixed Capital Investment-Con.
Business Investment Commitments:
10. Contracts and orders, plant and equipment . . . UL.L
*2Q. Contr. and orders, plant and equip.,
1972 dol..
L,L,L
24. New orders, cap. goods Indus., nondefense ... L,L,L
27. New orders, capital goods industries, nondefense, 1972 dollars
L,L,L
9. Construction contracts, commercial and industrial buildings, floor space
L.C.U
1 1 . New capital appropriations, mfg
U,Lg,U
97. Backlog of capital appropriations, mfg.5
C,Lg,Lg
Business Investment Expenditures:
61. Business expend., new plant and equipment ..
69. Machinery and equipment sales and business
construction expenditures
76 Industrial production business equip
86. Nonresid. fixed investment, total, 1972 dol. ..
Residential Construction Commitments and
Investment:
28. New private housing units started, total
*29 New building permits, private housing
89. Fixed investment, residential, 1972 dol
Bit. dol
do. ...
... .do
do. ...
Mil. sq. ft. . .
Bil. dol
Bil. dol., EOP
22.01
25.25
24.28
25.77
26.12
24.59
26.63
25.21
8.3
-5.3
6.1
13.60
18.30
14.54
21.64
13.65
21.30
14.51
21.70
14.29
22.70
13.53
21.50
14.53
22.95
13.76
23.18
7.4
6.7
-5.3
6.3
1.9
11.41
12.68
12.14
12.52
12.64
12.05
12.75
12.77
5.8
0.2
80.73
16.78
63.43
90.34
22.41
77.10
88.17
22.55
73.58
86.02
23.48
77.10
90.91
30.48
85.12
85.46
82.84
72.90
-3.1
-12.0
153.82 176.37
do. . . .
C.Lg.Lg
C,Lg,U 1967=100...
C,Lg,C A.r., bil. dol.
230.16 270.75 2 7 6 . 5 5 2 8 2 . 7 7 3 0 0 . 0 3 3 0 0 . 6 2 3 0 0 . 8 5
160.3
171.3
172.2
172.9
175.4
175.7
175.5
140.1 148.8
150.7
150.5
152.1
A.r,, thous. .
1967=100...
A.r., bil. dol.
2,020
145.4
1,744
123.0
60.1
56.7
3.1
-2.4
4.1
4.8
C,Lg,Lg A.r., bil. dol.
L,L,L
L.L.L
L,L,L
1.0
179.33 186.95 189.49
1,809
133.5
1,593
109.0
56.5
55.8
1,263
1,330
89.9
52.0
92.2
1,041
75.3
NA
175.0
0.1
-0.1
64.1
-21.7
-18.3
-2.1
4.6
2
2
1.0
2
5.7
29.8
10.4
1
9
4.2
1.4
6
6.1
1.4
1.1
6
7
8
-11.9
-18.4
-20.7
-17.5
-1.2
-6.8
2
2
8
-5.7
-3.3
3
-3.49
3
3
3
-0.3
-14.9
1
2.2
0.4
NA
-0,1
1,019
1.4
-1.5
B5. Inventories and Inventory Investment
Inventory Investment:
30. Chg. in business inventories, 1972 dol.2
*36. Change in inventories on hand and on order,
1972 dollars (smoothed6)2
31. Chg. in book value, mfg. and trade invent.2 ..
38. Chg. in mtl. stocks on hand and on order2 ... .
Inventories on Hand and on Order:
71 -Mfg and trade inventories total5
*70. Mfg. and trade invent., total, 1972 dol.s
65 Mfrs ' inventories of finished goods5
77. Ratio, inventories to sales, mfg. and trade,
constant dollars2
78. Materials and supplies, stocks on hand and on
order5
do. . . .
UL,L
LLL
L.L.L.
L.L.L.
do ...
do. ...
Bil. dol
14.1
9.7
7.1
19.02
10.62
13.16
43.2
2.05
46.3
2.56
46.2
1.73
1.4
-1.9
-7.51 -11.00 -11.60 -11.77
NA
NA
NA
-0.17
-12.1
-1.33
3 8 0 . 3 5 4 2 6 . 6 4 418.66 4 2 6 . 6 4 4 3 7 . 6 2 435.07 4 3 7 . 6 2
Lg,Lg,Lg Bil. dol., EOP
2 4 9 . 5 9 2 5 7 . 3 2 2 5 7 . 6 3 257,32 256.31 2 5 6 . 8 2 256.31
do. ...
Lg,Lg,Lg
do. . . . 63.88
Lg,Lg,Lg
70.53
69.87
70.53
73.94
72.76
73.94
NA
NA
NA
-0.2
Lg,Lg,Lg Ratio
NA
0.03
1.57
L,lg,Lg Bil. dol., EOP
1.60
1.62
31.9
2.09
1.62
43.9
2.08
1.62
42.6
2.54
1.62
30.5
1.21
1.65
168.52 199.20 192.93 199.20 2 0 5 . 4 3 2 0 4 . 2 2 2 0 5 . 4 3
NA
0.6
1.6
NA -20.67
NA -14.3
NA
0.36
NA
NA
NA
UA
0.6
NA
-1.25
1.9
-0.1
•
0.9
0.
3.2
12.0
-0.01
2.6
-0.4
4.8
0.
3.1
7
7
6
7
7
86. Prices, Costs, and Profits
Sensitive Commodity Prices:
*92 Chg in sensitive prices (smoothed6)2
23 Industrial materials prices©
L,L,L
U.L.L
Percent
1967=100...
1.23
2.08
2.10
2.42
2.49
2,72
231.0
293.0
297.6
307.1
318.5
322.5
Stock Prices:
*19. Stock prices, 500 common stocks©
L,L,L
Profits
16.
18.
79.
80
15.
26.
and Profit Margins:
Corporate profits after taxes
Corp. prof its after taxes, 1972 dollars
Corp. profits after taxes, with 1 VA and CCA . .
do
in 1972 dol....
Profits (after taxes) per dol. of sales, mfg.2 . . .
Ratio, price to unit labor cost nonfarm bus
Cash Flows:
34 Net cash flow corporate
35 Net cash flow corporate 1972 dollars
...
Unit Labor Costs and Labor Share:
63 Unit labor cost private business sector ....
68. Labor cost (cur. dol.) per unit of gross
domestic product (1972), nonfin. corp
*62. Labor cost per unit of output, mfg
64. .Compensation of employees as percent of
national income2
2.31
1.06
-0.41
316.9
301.9
-1.7
-4.7
194143=10.
9 6 . 0 2 103.01 106.22 105.30 110.30 115.34 104.69 102.97
-9.2
-1.6
L,L,L
L.L.L
L,C,L
L,C,L
L,L,L
L,L,L
A.r.,bil.dol.
do. ...
do. ...
do. ...
Cents
1967=100...
121.5
144.1
78.5
83.1
54.2
85.7
85.6
51.6
95.6
94.3
94.2
94.0
UL.L
A.r., bil. dol.
. . .do
194.1
121.5
222.3
128.8
228.3
130.5
L,L,L
5.4
5.7
3.7
9
2
-0.9
4.7
1
5.9
3.4
-12.7
-14.5
NA
93.6
-0.9
-2.5
-7.5
-8.9
-0.4
-0.2
1
1
7
8
1
2
227.7
127.5
236.2
130.0
-0.3
-2.3
3.7
2.0
3
3
1.9
2.9
6
2.2
2.2
2.6
2.9
6
6
0.2
0.5
6
148.3
146.9
155.5
86.9
86.8
51.5
84.7
80.3
46.9
87.6
70.1
40.1
5,8
5.4
NA
Lg,Lg,Lg 1967=100...
194.0
214.0
217.0
221.1
227.5
Lg,Lg,Lg Dollars
Lg,Lg,Lg 1967=100...
1.020
164.1
1.115
175.4
1.127
176.0
1.152
179.9
1.182
185.1
75.7
75.8
75.8
76.0
76.5
0.66
0.62
0.71
0.93
0.79
0.39
0.41
0.98
-0.10
0.66
0.97
0.79
0.99
0.54
0.83
0.58
0.71
0.89
0.71
0.29
0.82
222.5
864.4
215.8
845.2
216.0
844.6
212.0
832.9
206.9
815.8
207.7
817.6
204.5
808.4
6.125
1.273
6.322
1.311
6.297
1.308
6.372
1.323
6.428
1.333
1.329
1.334
67.22
35.83
27.54
64.00
-1.52
17.21
Lg,Lg,Lg Percent
185.0
187.6
189.3
1.4
0.9
0.32
3.2
0.07
-0.4
B7. Money and Credit
Money:
85 Change in money supply (Ml-8)2
102 Change in money supply (M2)2
*104. Chg. in total liquid assets (smoothed6)2
105. Money supply (M1-B), 1972 dollars
*106 Money supply (M2) 1972 dollars
Velocity of Money:
107. Ratio, GNP to money supply (M1-B)2
108. Ratio, pers. income to money supply (M2)2 ..
Credit Flows:
33 Change in mortgage debt2
1 1 2. Change in business loans2
1 13 Change in consumer installment debt2
1 10. Total private borrowing
L.L.L
LCU
i UL.L
L.L.L
L,L,L
C,C,C
C,Lg,C
L,L,L
L,L,L
L,L,L
L,L,L
Percent. . . .
do
do
Bil. dol
do
Ratio
do. ...
A.r., bil. dol.
do. ...
.do
do. ...
90.83 8 6 . 5 7
90.05
77.92
72.24
14.27
22.88
38.15
-4.28
29.93
44.35
37.34
23.77
35.50
20.40
346.63 358.07 424.67 295.83 364.03
-1.22
-0.23
-1.08
-0.60
0.71
200.2
799.2
0.11
-1.5
-1.1
1.338
0.005
-3.22
-37.35
NA -10.33
NA
2.58
-1.12
-0.52
-0,11
-0.40
-0.25
-0.16
-2.1
-1.1
-1.9
-1.4
0.004
-2.4
-2.1
8
10
10
10
10
0.075
0.015
0.056
0.010
10
10
-12.13
-42.43
NA -13.57
-30.3
-5.68
34.21
-3.37
3
11
11
11
NA
4.10
0.02
0.04
-0.12
23.1
Table 1. Summary of Recent Data and Current Changes for Principal Indicators—Continued
Basic data1
Series title
Timing
classification3
Unit
of
measure
Pvrcmt chang*
Average
1978
to
to
Mar.
1980
Apr.
3dQ
to
4th Q
WO
1979
Feb.
1979
3dQ
4th Q
IstQ
1979
1979
1980
Mar.
1980
Feb.
1 1980
Apr.
1980
Mar.
4th Q
to
IstQ
1980
5
1
a
J$
I, CYCLICAL INDICATORS-Con.
B7. Money and Credit-Con.
Credit Difficulties;
14. Liabilities of business failures (inv.4)®
39. Delinquency rate, instal. loans (inv.4)2 5
l,l,L
l,L,l
Mil. dot
Percent, EOP
2.4b
Bank Reserves:
93. Free reserves (inverted4?2®'.
94. Borrowing from the Federal Reserve2 ®
L,U,U
L,Lg,U
Mil.dol
do. . . .
-679
Interest Rates:
119. Federal funds rate 2 ®.. .
114. Treasury bill rate 2 ®
IIS. Treasury bond yields2®.
1 16. Corporate bond yields2^
117. Municipal bond yields3®
118. Mortgage yields, residential2®
67. Bank rates on short-term bus. loans2®
*109. Average prime rate charged by banks2®
L,tg,lg Percent
do.
C,Lg,Lg
do.
C,Lg,Lg
do.
Lg,Lg,Lg
do.
U,lg,Lg
do.
lg,lg,Lg
do.
Lg,lg,Lg
do.
Lg,Lg,Lg
Outstanding Debt:
66. Consumer installment debt5
*72. Commercial and industrial loans outstanding,
weekly reporting largo comm. banks
*96. Ratio, consumer install, debt to pers, income2.
Lg,Lg,Lg Bit. dot
Lg,Lg,Lg Percent
Lg.Lg.Lg
221.33
872
7.94
, ..
.. ,
.. .
... i
...
. ..
.. .,
Bit. dol., EOP
7'. 22
7.89
8.98
6.02
9.75
9.80
9.06
NA 228.61
NA
NA
NA
NA
NA
NA
NA
-0.21
-1,104 -1,077 -1,417 -1,607 -1,490 -2,383 - 2 , 3 5 2
1,337
1,207
1,795
1,660
1,917
2,828
2,443
893
1,168
2.64
11.20
10.04
2.59
10.95
6.52
9.63
8.48
9.64
6.28
10.89
13.18
12.67
10.80
12.31
12.12
8.74
10.05
2.64
13.58
11.80
2.53
2.32
2.53
11.33
15.05
13.46
11.15
12.99
14.13
12.81
11.55
13.23
17.19
15.53
11.87
14.08
17.61
14.00
10.83
13.36
7.20
8.23
8.16
9.17
8.63
WA
15.81
15.08
NA
15.67
16.40
NA
14.63
13.45
15.63
18.31
19.77
9.61
2 6 7 . 6 3 303.13 297.19 303.13 308.23 306.80 308.23
NA
126.31 147.06 152.40 154.92 161.16 162.20 162.07 162.29
14.34
14.99
15.07
15.04
14.90
14.92
14.89
NA
3.06
2.72
0.32
0.85
1.01
NA
2.68
0.5
NA
NA
NA
-0.05
-31
340
588
-385
0.42
-1.53
-1.04
-0.72
-0.54
-1.18
1.46
2.63
2.17
1.13
1.69
0.92
NA
3,50
2.96
NA
0.11
190
122
1.47
1.66
1.54
1.66
1.03
NA
-0.14
1.32
14
3S
93
94
119
114
115
116
117
116
67
109
HA
2.0
1.7
66
-0.03
0.1
NA
1.7
-0.03
4.0
-0.14
72
95
1.4
1.1
2.0
2.9
0.
2.5
2.2
3.9
0.3
1.4
310
320
320
322
3.5
3.9
4.2
2.1
4.2
4.5
1.4
5.2
3.1
4.3
330
331
332
333
334
2.3
340
-0.1
II. OTHER IMPORTANT ECONOMIC
MEASURES
B. Prices, Wages, and Productivity
B1. Price Movements
310.
320.
320c.
322.
330.
331.
332
333
334
Implicit price deflator, GNP
Consumer prices (CPI), all items®
Change in CPI, all items, S/A2
CPI, food
Producer pric» {PPI}, all commoditiis;®
PPI crude materials ,,..
PPI intirmftdiatft materials
PPI capital equipment
PPI finished consumer goods
1972^100. . .
1 1967=100...
1
Percent
1967-100...
do.
do.
do.
do.
do.
.. .
...
.. .
.. .
.. .
152.0
195.4
0.7
211.4
165.5
217.4
234.5
209.3
240.2
215.5
199.1
192.6
235.6
282.2
242.8
216.7
215.7
212.9
229.8
109.0
227.1
116.2
119.3
105.8
260.8
113.7
118.3
167.2
221.1
170.6
227.6
174.4
236.5
236.2
242.0
239.1
287.1
247.1
218.5
218.4
247.5
298.2
257.5
223.0
227.5
232.5
105.2
249.5
113.0
118.0
236.4
239.8
242.5
245.5
244.7
247.1
248.4
1.0
0.5
258.7
302.5
270.8
229.9
237.2
259.8
307.4
272.0
229.8
237.2
261.5
300.7
273.4
231.6
241.2
262.3
290.3
273.8
235.9
241.2
0.7
0.3
237.2
242.7
242.6
245.1
245.6
104.0
254.9
111.8
117.9
102.3
261.0
110.1
117.6
102.3
101.9
101.2
-2.2
-3.5
0.5
0.8
1.7
0.1
1.9
D.
1.0
0.2
B2, Wages and Productivity
340. Average hourly earnings, production workers,
private nonfarm economy
.
341 . Real average hourly earnings, production
workers, private nonfarm economy
345. Average hourly compensation, nonfarm bus. . .
346. Real avg. hourly comp., nonfarm business ...
370. Output per hour, private business sector
do. ...
do.
do.
do.
do.
.. .
.. .
...
.. .
-0.4
-0.7
2.0
-1.1
2.2
-1.1
-0.1
-1.6
2.4
-1.5
-0.3
341
345
346
370
C. Labor Force, Employment, and
Unemployment
441 . Total civilian labor force
442. Total civilian employment
37 Number of persons unemployed
444 Unemployed males 20 years and over
445, Unemployed females, 20 years and over
446. Unemployed persons, 16-19 years of age
Labor Force Participation Rates:
451 . Malos , 20 years and over2
452. Females, 20 years and over2 . . .
453. Bothsexesi 16-19 years of age2
Millions . . . - : 100.42 102.91 1U3.24 103.75 104.19 104.26 104.09 104.42
do. . . . 9 4 . 3 7
96.94
97.23
97.66
97.80
97.95
97.66
97.15
Thousands. .
6,047
5,963
6,008
6,084
6,390
6,307
6>438
7,265
do. ...
2,252
2,274
2,223
2,318
2,507
2,593
3,246
2,696
do. . . .
2,236
2,213
2,209
2,235
2,271
2,254
2,255
2,534
do. ...
1,559
1,528
1,524
1,531
1,526
1,547
1,487
1,485
-3.9
-0.5
12.8
20.4
12.4
-0.1
Percent
do. . . .
do. ...
79.8
49.6
58.0
-0.2
-0.3
-0.1
-1.0
A.r.,bil.dol.
do. . . .
do. ...
do. ...
do. . . .
do. . . .
432.1
459.8
-27,7
331.0
303.6
27.4
79.8
50.6
58.1
79.9
50.9
57.5
79.6
51.0
58.2
79.5
51.2
57.6
497.6
509.0
-11.4
354.6
330.0
504.8
516.1
-11.3
359.8
334.5
524.7
540.4
-15.7
368.7
342.9
540.8
562.3
-21.6
375.1
351.3
24.6
25.3
25.8
23.8
79.6
51.3
57.4
79.4
51.0
57.3
79.5
51.5
56.3
-0.2
-0.3
2.1
7.5
0.
0.3
0.1
0.5
0.5
0.4
1.3
1.9
1.2
0.5
-0.3
0.1
0.7
0.4
0.1
5.0
11.9
1.6
-0.3
-0,1
0.2
-0.6
441
442
37
444
445
446
451
452
453
D. Government Activities
D1, Receipts and Expenditures
501.
502.
500.
511.
612.
510.
Federal Government receipts
Federal Government expenditures
Federal Government surplus qr deficit 2
State and local government receipts
State and local government expenditures
State and local govt. surplus or deficit2
3.9
4.7
-4.4
2.5
2.5
0.5
3.1
4.1
-5.9
1.7
2.4
-2.0
501
502
SOO
511
512
510
D2. Defense Indicators
517.
525.
548
564.
Defense Department obligations
Military prime contract awards
New orders defense products
National defense purchases
Mil.dol
10,360 11,132 11,891 11,325
do. . . .
5,157
5,356
5,927
5,159
do. - - .
3,467 3,284
3,199
3,623
A.r..bil.dol.
99.0
108.3
109.0
114.6
NA 12-, 419
NA 7,152
3,876
3,681
119.6
NA
NA
4,594
NA
NA
4,871
NA
NA
24, b
NA
NA
6.0
-4.8
-13.0
13.3
5.1
NA
NA
7.0
4.4
517
525
548
564
5.5
1.8
5.3
602
604
606
612
614
616
E. U.S. International Transactions
E1. Merchandise Trade
602.
604.
606.
612.
614.
616.
Exports, total except military aid ..
Exports of agricultural products
Exports of nonelectrical machinery
General imports, total
Imports of petroleum and products
Imports of automobiles and parts .
Mil.dol.
do
do.
do.
do.
do.
...
11,955 15,136 15,742 16,783 17,705 17,233 18,534
2,483
2,896
3,101
3,368
3,430
3,520
3,331
...
2,500
3,009
3,139
3,221
3,391
3,454
3,423
. . , 14,333 17,195 17,830 19,083 21,064 21,640 20,607
.. .
3,278
4,676
5,101
5,968
6,782
7,741
6,991
.. .
1,725
1,853
1,926
1,887
1,965
2,035
1,960
NA
NA
NA
NA
NA
NA
7.5
-5.4
-0.9
-4.8
-9.7
-3.7
NA
NA
NA
NA
NA
NA
6.6
8.6
2.6
7.0
17.0
-2.0
10.4
13.6
4.1
Table 1. Summary of Recent Data and Current Changes for Principal Indicators—Continued
Basic data1
Unit
Average
of
Series title
measure
1977
1978
Percent change
4th Q
:
1st Q
2dQ
3dQ
4th Q
IstQ
1978
|
1979
1979
1979
1979
1980
1979
2dQ
to
3dQ
3dQ
to
4th Q
4th Q
to
IstQ
1979
1979
1980
5
E
3
ffi
<%
II. OTHER IMPORTANT ECONOMIC
MEASURES-Con,
E2, Goods and Services Movements Except
Transfers Under Military Grants
618
620
622
651
652
668
669
667
M6rchand.se exports
.....
Merchandise imports
...
2
Merchandise trade balance
....
...
Income on U S 'investments abroad
. ...
Income on foreign investment in the U S ...'..
Exports of goods and services
...
Imports of goods and services . . .
Balance on goods and services2
Mil. dol
30,204 35,514 45,518 39,421
3 7 , 9 2 2 4 3 , 9 5 3 52,881 4 5 , 3 7 2
-7,718 - 8 , 4 4 0 - 7 , 3 6 2 -5,951
8,147
10,866 16,466 12,907
3,650
6,308
5,455
8,387
46,149 5 5 , 2 5 5 71,578 61,423
48,505 57,351 70,246 60,004
-2,356 -2,806
1,332 -1,419
do. .
do .
do. .
do. .
do.
do
do
41,435
47,632
-6,197
14,082
7,268
64,941
63,345
1,596
42,890
50,299
-7,409
15,371
7,957
67,818
67,265
47,235
54,483
-7,248
17,917
8,743
74,752
72,244
553
2,508
50,514 53,934
59,110 66,156
-8,596 •12,222
18,492
NA
9,580
NA
78,800
NA
78,129
NA
671
NA
6.9
6.8
8.3
8.5
11.9
161 -1,348 - 3 , 6 2 6
16.6
3.2
NA
9.9
NA
9.6
10.2
5.4
NA
7.4
8.1
NA
1,955
-1,837
NA
10.1
618
620
622
651
652
668
669
667
A. National Income and Product
A1. GNPand Personal Income
50
200
213
224
225
217
227
GNP in 1972 dollars
GNP in current dollars
. ..
Final sales 1972 dollars
Disposable personal income current dollars
Disposable personal income, 1972 dollars
Per capita GNP in 1972 dollars
Per capita disposable pers income, 1972 dol
A.r bil.dol.
1340.5 1399.2 1431.6
do.
1899.5 2127.6 2 3 6 8 . 8
do
1327.4 1385.1 1421.9
do
1305.1 1458.4 1624.3
...... .do
929.5
972.6
994.8
A.r., dollars......
6,180
6,401
6,494
do. .
4,285
4,449
4,512
1426.6
2235.2
1414.6
1524.8
991.5
6,506
4,522
1430.6
2292.1
1418.4
1572.2
996.6
6,512
4,536
1422.3
2329.8
1404.1
1601.7
993.0
6,460
1433.3
2396.5
1426.2
1640.0
993.4
6,494
4,510
4,501
1440.3
2456.9
1439.0
1683.1
996.2
6,509
4,502
1442.6
2516.1
1444.5
1736.2
997.8
6,497
4,499
0.8
2.9
1.6
2.4
0.
0.5
-0.2
0.5
2.5
0.9
2.6
0.3
0.2
0.
0.2
2.4
0.4
3.2
0.2
-0.2
-0.1
50
200
213
224
225
217
227
A2. Personal Consumption Expenditures
231.
233
238
239
230
232
236
237
Total, 1972 dollars
Durable goods 1972 dollars
Nondurable goods 1972 dollars
Services 1972dollars
Total current dollars
Durable goods current dollars
Nondurable goods current dollars
Services current dollars
861.7
900.8
924.5
920.3
921.8
915.0
925.9
935.4
936.0
138.2
146.7
147.1
152.1 150.2
144.8
146.9
146.7
145.5
332.7
343.3
351.9
349.1
348.1
344.1
349.2
355,1
353.0
390.8
410.8
428.3
416.3
423.5
426.1
429.9
433.6
437.6
1210.0 1350.8 1509.8 1415.4 1454.2 1475.9 1528.6 1580.4 1628.7
178.8
200.3
213.0
212.1 213.8
208.7
213.4
216,2 2 2 0 . 4
481.3
596.9
530.6
558.1
571.1 581.2
604.7
630.7
650.6
549.8
619.8
699.8
645.1
686.0
669.3
710.6
733.5
757.8
A.r., bil.dol
. . .do. .
.. do. .
do.
do.
do
do
do. .
1.2
1.5
1.5
0.9
3.6
2.3
4.0
3.6
1.0
-0.1
1.7
0.9
3.4
1.3
4.3
3.2
0.1
-0.8
-0.6
0.9
3.1
1.9
3.2
3.3
231
233
238
239
230
232
236
237
A3. Gross Private Domestic Investment
241
243
30
240
242
245
Total 1972 dollars
Total fixed investment 1972 dollars
Change in business inventories, 1972 dol 2
Total current dollars
Total fixed investment current dollars
Chg in bus inventories current dol.2
do. .
. . .do. .
do. .
. . .do. .
. . .do. .
...do. .
. .
200.1
186.9
13.1
303.3
281.3
214.3
200.2
14.1
351.5
329.1
215.2
205.5
9.7
387.2
369.0
217.4
205.5
217.2
204.9
221.7
203.5
12.0
12.3
18.1
370.5
349.8
373.8
354.6
395.4
361.9
214.2
207.1
7.1
392.3
377.8
207.7
206.3
202.2
1.4
387.2
381.7
5.6
-1.9
204.1
384.0
383.9
21.9
22.3
18.2
20.6
19.1
33.4
14.5
do
..do. .
do
do. .
do. .
do.
268.5
273.2
274.3
276.0
274.7
272.4
273.1
100.6
167.9
396.2
144.4
251.8
98.6
99.4
99.3
98.1
97.4
174.6
435.6
152.6
283.0
174.9
476.4
166.6
309.8
176.6
453.8
159.0
294.8
101.1
173.6
460.1
163.6
296.5
174.3
466.6
161.7
304.9
175.6
477.8
162.9
314.9
277.1
101.1
176.0
501.2
178.4
322,8
do
do
do
do
do
do
98.4
88.2
10.3
108.9
119.9
102.3
113.8
101.0
117.0
100.0
116.0
102.9
122.2
102.1
124.3
104.1
130. Q
17.6
12.9
17.0
13.2
20.1
20.1
24.3
257.5
262.1
224.9
229.4
238.5
234.4
243.7
251.9
267.3
269.5
-4.6
-4.5
4.0
-8.1
-2.3
280.4
292.4
-11.9
304.2
318.2
-14.0
0.3
-3.4
-0.8
-3.0
-0.4
-5.7
-1.3
4.4
-18.9
-8.9
1.8
-11.0
1.0
-2.6
-1.1
-3.3
-0.8
0.6
-5.5
241
243
30
240
242
245
A4. Government Purchases
of Goods and Services
261
263
267
260
262
266
Total 1972 dollars
Federal Government 1972 dollars .
State and local governments 1972 dollars
Total current dollars
Federal Government current dollars
State and local governments current dollars
256.
257.
255
252
253
250.
Exports of goods and services, 1972 dollars ...
Imports of goods and services, 1972 dollars ...
Net exports of goods and serv., 1972 dol 2
Exports of goods and services, current dol
Imports of goods and services, current dol
Net exports of goods and serv., current dol.2 ..
280.0
104.3
175.7
517.4
186.2
331.2
0.3
-0.7
0.7
2.4
0.7
3.3
1.5
3.8
0.2
4.9
9.5
2.5
1.0
3.2
-0.2
3.2
4.4
2.6
261
263
267
260
262
266
A5. Foreign Trade
175.9
185.8
-9.9
97.9
11.0
207.2
217.5
-10.3
105.6
5.3
-0.8
6.9
9.7
7.0
5.8
1.7
2.0
0.
4.9
8.5
-9.6
4.6
1.4
4.2
8.5
8.8
-2.1
256
257
255
252
253
250
A6. National Income and Its Components
220
280
282
286
284
288
National income
Compensation of employees
Proprietors' income with IVA and CCA .
Corporate profits with IVA and CCA
Rental income of persons with CCA
Net interest
290
295
292
298
293
Gross saving (private and govt ) . .
Business saving
Personal saving
Government surplus or deficit2
Personal saving rate2
do.
. . ;do
do
do
do.
. do. .
1525.8 1724.3 1924.8 1820.0 1869.0 1897.9 1941.9 1990.4 2031.4
1156.9 1304.5 1459.2 1364.8 1411.2 1439.7 1472.8 1513.2 1554.6
100.2
150.0
24.7
94.0
116.8
167.7
130.8
178.2
125.7
184.8
129.0
178.9
129.3
176.6
130.3
180.8
134.5
176.4
129.8
171.8
25.9
26.9
27.3
26.8
27.0
27.0
109.5
129.7
117.6
122.6
125.6
131.5
139.2
148.1
276.1
230.7
324.6
253.0
363.9
275.9
346.9
264.7
362.2
266.0
374.3
274.6
367.3
281.9
351.9
281.0
344.4
276.8
65.0
72.0
-0.3
73.8
13.2
71.5
10.8
79.2
15.8
85.9
12.7
70.3
14.0
59.7
10,0
27.1
26.6
2.3
2.3
0.8
2.4
-0.7
4.7
2.5
2.7
3.2
-2.4
1.5
5.9
2.1
2.7
-3.5
-2.6
0.
6.4
220
280
282
286
284
288
A7. Saving
.do
do
...... .do
do
Percent
-19.5
5.0
4.9
4.5
4.7
5.0
5.4
4.3
3.5
64.2
2.2
3.7
-1.9
2.7
-18.2
1.3
-1.1
-4.2
-0.3
-15.1
-4.0
-0.8
NOTE: Series a re seasonally adjusted except tor those indicated by®, which appear to contain no seasonal movement. Series indicated by an asterisk (*) are included in the major composite indexes, Dollar values are in
current dollars unless otherwise specified. For complete series titles (including composition of the composite indexes) and sources, see 'Titles and Sources of Series" at the back of BCD. NA = not available, a = anticipated.
EOP = end of period. A.r. = annual rate. S/A = seasonally adjusted (used for special emphasis). IVA - inventory valuation adjustment. CCA = capital consumption adjustment. MA -- national income accounts.
1
For a few series, data shown here have been rounded to fewer digits than those shown elsewhere in BCD. Annual figures published by the source agencies are used if available.
2
Differences rather than percent changes are shown for this series.
3
The three-part timing code indicates the timing classification of the series at peaks, at troughs, and at all turns: L = leading; C = roughly coincident; Lg = lagging; U = unclassified.
4
Inverted series. Since this series tends to move counter to movements in general business activity, signs of the changes are reversed.
5
End-of-period series. The annual figures (and quarterly figures for monthly series) are the last figures for the period.
6
This series is a weighted 4-term moving average (with weights 1,2,2,1} placed at the terminal month of the span:
-2.1
-1.5
7.5
-7.8
0.2
290
295
292
298
293
CYCLICAL
A
COMPOSITE INDEXES AND THEIR COMPONENTS
Chart Al. Composite Indexes
(Nov.) (Oct.)
P T
P
T
(Aug.) (Apr.)
P 1
(Apr.) (Feb.)
P I
(Djge.) (Nsv.)
P T
9ia Index of twelve leading indicators (series 1, 3, 8, 12, 19, 20, 29, 32, 36, 92, 104, 106X
(Nov.) (Mar.)
P
T
-gl
920. Index of four rougNy coincident indoors (series 41, 47, 51, 57)
930. Index of six lagging indicators (series 62, 70, 72, 91, 95, 109)
1048 40 50 51 52 53 54 §§ 56 S7 58 59 60 SI 62 63 S4 69 66 67 60 §9 70 71 72 73 M 75 7S 77 78 79 1980
NOTE: Numbers entered on the chart Indicate length of leads (-) and tags (+) in months from reference turning dates.
Current data for these series are shown on page 60.
10
MAY
1980
CYCLICAL INDICATORS
COMPOSITE INDEXES AND THEIR COMPONENTS—Continued
Chart Al. Composite Indexes—Continued
(Nov.) (Oct.)
P
I
(Aug.) (Apr.)
P T
(July) (May)
P T
__
-10
(Apr.) (Feb.)
P T
914.Capital investment commitments (^12L 20, 29)
-30
_
(Dec.) (Nov.)
T
(Now.) (Mar.)
T
+
-13
915. Inventory investment and purchasing (series 8, 32, 36, 92)
it©-
917. Money and finandaJ ftows (series 104, 106, 110)
940. Ratio, coincident index to lagging index
^
*—-—--^ n
NOTE: Numbers entered on the chart indicate length of leads (-) and tags (+) in months from reference turning dates.
Current data for these series are shown on page 60.
MAY 1980
11
CYCLICAL INDICATORS
COMPOSITE INDEXES AND THEIR COMPONENTS—Continued
Chart A2. Leading Index Components
(Nov.) (Oct.)
P T
Ouly)(May)
P T
(Aug.) (Apr.)
(Dec.) (Nov.)
(Apr.) (Feb.)
P T
P
T
P
T
(Nov.) (Mar.)
P
T
1, Average workweek, production workers,
mamfecturing (homs)
3. Layoff rate, manufacturing (per 100 employees-inverted scale)
8, New orders for consumer goods and materials, 1972 dollars (bil. dd.)
liU
32. Vendor performance, percent of companies reporting slower deliveries (percent)
Lit
12. Net business formation (index: 1967=100)
20. Contracts and orders for want and equipment,
jj
*fl*
1948 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 1980
Current data for thete series are shown on pages 61, 64, 65, and 66.
12
MAY 1980
ItCII
CYCLICAL INDICATORS
COMPOSITE INDEXES AND THEIR COMPONENTS—Continued
Chart A2. Leading Index Components—Continued
(Nov.) (Oct.)
P
T
(July) (May)
P T
(Aug.) (Apr.)
P T
(Apr.) (Feb.)
P T
(Dec.) (Nov.)
P
T
(Nov.) (Mar.)
p
T
200-1
29. New building permits, private housing units (index: 1967=100)
36. Net change in inventories on hand and on order, 1972 dollars, smoothed1 (ann. rate, bil. dot.)
Vs
__yaujt™.
„ .^,^»~.
!__)
i.
N\
; . ILUI
/ V^jy
W
V
y""~\
y v
\
/
>
V
X' M,
>V /
V
jTV>/v«r
^*-lfL/
-f
ff
V
AkA
/
rnA-i
V J\ /^
./PSarBknr tu r
'V^
\A/
: : '
92. Change in sensitive prices, smoothed1 (percent)
y A
\
^y>/^S
:S\ A^/v^
" \l
+30-i
A
'
V\
+100-
-10-:
-20*
, , . . 1 3 1-30-
+4-1
LLL
+2-
-2-J
1.5-
104. Change in total liquid assets, smoothed1 (percent) | L,L,L
1.0-
0.59.0 J
19. Stock prices, 500 common stocks
(index: 194143=40)-
120 «
100-
31
60«
900800-
106. Money supply«-M2-in 1972 dollars (bil. doi.)
700600-
500490-
1948 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 1980
1
This series is a weighted 4-term moving average (with weights 1,2,2,1) placed on the terminal month of the span.
Current data for these series are shown on pages 67, 68, 69, and 71.
BCU
MAY 1980
13
CYCLICAL INDICATORS
COMPOSITE INDEXES AND THEIR COMPONENTS-Continued
Chart A3. Coincident Index Components
(Now.) (Oct.)
T
<July)(May)
P T
(Aug.) (Apr.)
P T
(Apr.) (Feb.)
P T
(Dee.) (Nov.)
T
(Nov.) (Mar.)
P
T
41. Employees on nonagricuttural payrolls (millions)
47. Industrial production, total (index: 1967=100)
Current data for these series are shown on pages 62, 63, and 65.
14
MAY
1980
BCII
CYCLICAL
A
COMPOSITE INDEXES AND THEIR COMPONENTS—Continued
Chart A4. Lagging Index Components
(July)(May)
P T
(Nov.) (Oct.)
P
T
(Aug.)(Apr.)
P
(Dec.) (Now.)
P
T
(Apr.)(Feb.)
T
P
T
P
.) (Mar.)
T
91. Average duration of unemployment (weeks—inverted scale)
70. Manufacturing and trade inventories,
L&i&Lg
62. Labor cost per unit of output, manufacturing (index: 1967=100)
L
109. Average prime
" rate charged by banks (percent)
72. Commercial and industrial bans outstanding, weekly
reporting large commercial banks (bil. dot.)
Lg,Lg,Lg
95. Ratio, consumer installment debt to personal income (percent)
1948
49
90
51
52
S3 54
S5 Si
97
58
59
60
©1 62
63
64
65
66
67
68
74 7S 76 77 78
Current data for these series are shown on pages 62, 68, 70, and 73.
MAY 1980
15
CYCLICAL INDICATORS
B
CYCLICAL INDICATORS BY ECONOMIC PROCESS
Chart Bl. Employment and Unemployment
(Aug.) (Apr.)
F T
(Nov.)
P
(Dee.) (Nov.)
P
T
(Apr,) (Feb.)
P T
(Mar.)
T
| Marina! Employment Adjustments
1. Average woffrweek, production
4241403938-
21. Average weekly overtime hours, production workers, manufacturing (hours)
4-
2. Accession rate, manufacturing (per 100 etaphpts)
5, Average weekly inial claims, State unemployment insurance (th«i$and$-*Tvetted scale)
3. Layoff rate, manufacturing (per DO emp*oyees~ffrverted scale)
c^
4 Quit rate, manufacturing (per 100 employees)
1956
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
73
73
74
76
7fi
77
78
79
80 1981
Current data for these series are shown on page 61.
16
MAY 1980
BCII
CYCLICAL INDICATORS
B
I
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
Chart Bl. Employment and Unemployment—Continued
(Aug.) (Apr.)
P T
(Dec.) (Nov.)
P
T
(Apr.) (Feb.)
P
T
(Nov.)
P
(Mar.)
T
I Job V;acancies
1.4-
60. Ratio, help-wanted advertising to number
of persons unemployed (ratio)
z
1.00.60.2200175150125-
46. Help-wanted advertising (index: 1967=100)
I.I
I all I
.
1
10075J
180-
170-
[Comprehensive Emplbyment|
160-
Empbyee-hours in nonagricurtural establishmeftts
(ann. rate, bil. hours)
150"
140*
1001
90i
in nonagriojrtural adrvfties (millions)
7570-
4L Employees on
272625242322-
40. Employees in goods-producing industries—mining,
manufacturing, construction (millions)
21*
20-
1956 57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80 1981
Current data for these series are shown on pages 61 and 62.
BCII
MAY 1980
17
CYCLICAL
B I
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
Chart Bl. Employment and Unemployment—Continued
(Aug.) (Apr.)
(Dec.) (Nov.)
P
I
(Apr.) (Feb.)
P
T
F T
(Nov.)
I Comprehensive Employment-Con.]
5958-
90. Ratio, civilian employment to total population of wtxtong age (percent)
§4-
[Comprehensive Unernployment|
37. Number unemployed, total (mi^ons-invefied scale)
89*
43. Unemployment rate, total (percent-invefied scale)
8-
45. Average weekly insured unemployment rate (percent-inverted sole)
6-
91. Average duration of unemployment (weeks-inverted scate)
S18J
44. Unemployment rate, persons unemployed 15 weeks and over (percent-wated scale)
V
57
58
59
60
61
62
63
64
63
66
67
69
70
71
72
73
74
7S
76
77
711
79
80 1981
Current data for these series are shown on page 62.
18
MAY 1980
ItCII
CYCLICAL INDICATORS
B
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
Chart B2. Production and Income
(Aug.) (Apr.)
P T
(Apr.) (Feb.)
F T
(Dec.) (Nov.)
P
(Nov.)
(Mar.)
T
T
[Comprehensive Outpujt and income!
50. GNP in 1972 dollars, Q (ann. rale, bil. dolf
52. Personal income in 1972 dollars (ann. rate, bil. dol.)
51. Personal income tess transfer payments in 1972 ckiafs
(ann. rate, bil. dol.)
53. Wages and salaries in mining, manufacturing, and
construction in 1972 dollars (ann. rate, bil, dot.)
Current data for these series are shown on page 63.
ltd)
MAY 1980
19
CYCLICAL INDICATORS
B I
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
Chart B2. Production and Income—Continued
(Aug.) (Apr.)
P T
(Dec.) (Nov.)
P
T
(Apr.) (Feb.)
P
T
(Nov.)
P
(Mar.)
T
160150-
[Industrial Production:!
140
47. Industrial production, total (Index: 1967=100) J _ I
130-
ic.c.cl
120110
74. Industrial production,
(Mac 1967=100)
u
/ ,
73, Industrial production, durable manufactures
(index: 1967-100)
83. Rate of capacity utilization, manufacturing (BEA), Q (percent)
82. Rate of capacity utilization, manufacturing (FRB), Q (pereart)
SO-
84. Rate of capacity utilization, i^etfals, Q (percent)
SO-
AA
1956 57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80 1981
Current data for these series are shown on pages 63 and 64.
20
MAY 1980
CYCLICAL INDICATORS
B
I
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
Chart B3. Consumption, Trade, Orders, and Deliveries
(Aug.) (Apr.)
P
(Apr.) (Feb.)
T
P
(Dec.) (Nov.)
T
P
(Nov.)
(Mar.)
P
T
T
^
6. New orders, durable goods industries,
current dollars (biL dol.)
25. Change in unfilled orders, durable goods industries
(fail, dol.; MCD moving avg.-4-term)
96. Manufacturers' unfilled orders, duraWe goods industries
LtLgyll
32. Vendor performance, percent of companies
reporting slower deliveries (percent)
^j
rm i
1956
57
58
59
60
61
62
63
64
65
66
67
68
69
/r\
70
71
72
73
74
75
76
77
78
79
80 1981
Current data for these series are shown on page 64.
ItCII
MAY 1980
21
CYCLICAL INDICATORS
B I
CYCLICAL INDICATORS BY ECONOMIC PROCESS-Continued
Chart B3. Consumption, Trade, Orders, and Deliveries— Continued
(Aug.) (Apr.)
P T
(Apr.) (Feb.)
P
T
(Dec.) (Nov.)
P
T
(Nov.)
P
(Mar.)
T
340320300-
I Consumption and Trade]
4£
J
S
56. Manufacturing and trade sales in current dolbf$-4/
(bil. doi.)
7. Manufadurinf and trade sales
jn 1972 dolbs (biL dol.)
100J
1681SO140-
Industrial production, consumer goods
&
?5•/fl6B«
ot
M
7C-
55. Personal consumption expenditures, automobiles, Q
58. Index of consumer sentiment (1st Q 1966=100)
Current data for these series are shown on page 65.
22
MAY 1980
ItCII
CYCLICAL
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
Chart B4. Fixed Capital Investment
(Aug.) (Apr.)
P
(Apr.) (Feb.)
P
T
(Dec.) (Now.)
P
T
T
(Nov.)
|Forn|ation of Business Enterprises|
12. Net business fotrnafion (index: 1967=100)
ILL
13. New business incorporations (thousands)
LLL
[Business Investment;Commitments|
20. Contracts and orders for plant and equipment
in 1972 dollars (bit dol.)
10. Contracts and orders for;plant and equipment
in current dollars (bit. dol.)
27. Manufacturers' new orders, capital goods industries,
nondefen4 in 1972 dollars (fail, dol.) X
LLL
24. Manufacturers' new orders, capital goods industries,
nonoefense, in current doHars (bil. dol.)
9.
tonstry$0&,^^
3rri industrial
(mil. sq. ft. of floor area; MCD moving avg.-6-term)1
10
1
This is a copyrighted series used by permission; it may not be reproduced without written permission from McGraw-Hill Information Systems Company, F.W. Dodge Division.
Current data for these series are shown on pages 65 and 66.
MAY 1980
23
CYCLICAL INDICATORS
CYCLICAL INDICATORS BY ECONOMIC PROCESS-Continued
Chart 84. Fixed Capital Investment—Continued
(Aug.) (Apr.)
XDec.) (Nov.)
P
T
(Apr.) (Feb.)
T
P
(Nov.)
(Mar.)
P
T
Business InvestmentljCommitments—Con.
11. New capital appropriations, manufacturing, Q (bil. doJ.)
97. Backlog of capital
61. Business expendituresfor new plant and equipment Q
(ann. rale, bit dot.)
I Business lnvestment;|Expenditures!
69. Machinery and equipment sates and business
construction expenditures (ana rate, bil. doi.)
,/
76. industrial production, business equipment
(index: 1967=100) ——"^
1956
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80 1981
Current data for these series are shown on pages 66 and 67.
24
MAY 1980
!!€!»
CYCLICAL INDICATORS
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
Chart B4. Fixed Capital Investment—Continued
(Aug.) (Apr.)
P
: T~f
(Dec.) (Nov.)
(Apr.) (Feb.)
T
T
P
"1
"!
P
;:
(Nov.)
(Mar.)
P
T
T
180 •
160140-
I Business Investmenti! Expenditures—Coru
presidential
fixed mmm**~*^m*^^
investment in 1972 dollars,
Q (ann. rate, bil. dd)
,
tun******* •;•...•;.::. "mtfiHip***************
120100-
88. Producers' durable equipment, Q
SO-
87. Structures, Q |Lg,Lg,Lg
40-
20 J
I Residential Construction Commitments and Investmenti
28. New private housing units started, total (ann. rate, millions)
11,1,1.1
',
1.21.00.8 J
29. New building permits, private bousing units (index: 1967=100)
89. Residential fixed iimshnant tnfal in 197? dnllars. 0
(am. rate, bil. dd)
_,~
H.L.LI-
7060-
s
\
5040*
V
1956 57
58
59
60
61
62
63
64
65
66
67
30-
68
69
70
71
72
73
74
75
76
77
78
79
80 1981
Current data for these series are shown on page 67.
BCII
MAY 1980
25
B
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
Chart B5. Inventories and Inventory Investment
(Aug.) (Apr.)
P I
(Apr.) ('Feb.)
P I
(Dec.) (Now.)
P
I
(Mow.)
(Mar.)
P
T
[Inventory Investment]
30. Change in business inventories, 1972 (Wars, Q (ana rafe bil. dot)
iLLLl
36. Net change in inventories on hand and on ofday 1972
(ana rate, bil. doL; moving avg^Wemi1) [g^l] ^
17
31. Change in book value, manufacturing and trade inventories
(ana rate, bil. dd; MCO moving avi-4fetn)
¥f -H -U
..l_li ,JL_,
38. Change in stocks of materials and supplies on hand andI on order,
manwfaduring (bil. doL; MCD moving avg.-4temi)"TjL \
1
This series is a weighted 4-term moving average (with weights 1,2,2,1) placed on the terminal month of the span.
Current data for these series are shown on page 68.
26
MAY 1980
ItCII
CYCLICAL INDICATORS
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
Chart B5. Inventories and Inventory Investment—Continued
(Aug.) (Apr.)
P T
(Apr.) (Feb.)
P
T
(Dec.) (Nov.)
P
T
(Nov.)
P
(Mar.)
T
[invei itories on Hand [and on Order]
71. Book value, manufacturing and trade inventories,
current dollars (bil. dol.)
ft. Manufacturing and trade inventories, 1972 dollars (bil dol.)
X
45 =
65. Book value of manufacturers' Inventories
of finished goods (H. dol.)
77. Ratio, deflated inventories to sates, manufacturing and trade
/
U_\
,
;
—
"
* •"•il'iB
^l-f-r-
-*-- .„
»...™.;^
1
1.7 c
78. Stocks of materials and supplies on hand and on order,
manufacturing (bil. dol.)
|L,Lg,Lj
70
71
Current data for these series are shown on page 68.
BCD
MAY 1980
27
CYCLICAL INDICATORS
B I
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
Chart B6. Prices, Costs, and Profits
(Aug.) (Apr.)
P
(Apr.) (Feb.)
T
P
(Dec.) (Nov.)
T
P
(Nov.)
(Mar.)
P
T
T
[Sensitive Commodity;; Prices
92. Change in sensitive prices (percent; moving ivg.-4-term1)
.<
23. Industrial materials prices (index: 1967=100)
19, Stock prices, 500 common stocks (index; 194143-10)
16. Corporate profits after taxes, current dollars, Q
:(ann
[Profits and Profit Margins|
la Corporate profits after taxes, 1972 dollars, Q
(m\. rate. hii. doO N.
-^
(aim. rat* H. dot) O
79. Corporate profits after taxes with 1VA and CCA,
current dollars, Q (ann. rate, bii dot)
1956
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80 1981
1
This series Is a weighted 4-term moving average (with weights 1,2,2,1) placed on the terminal month of the span.
Current data for these series are shown on page 69.
28
MAY 1980
ItCII
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
Chart B6. Prices, Costs, and Profits—Continued
(Apr.) (Feb.;
P
T
(Dec.) (Wov,)
P
T
(Nov.)
P
(Mar.)
T
I Profits and Profit Margins—Con.
22. Ratio, corporate profits (after taxes) to toy corporate domestic
income, Q (percent)
81. Ratio, corporate profits (after taxes) with inventofy valuation and
capital consumption adjustments to total corporate domestic income,
Q (percent):
15. Profrts (aftertax) per dollar of sa^
51
'
Q (cents)
26. Ratio, price to unit tabor cost, nonfarm business sector, Q (index: 1967=100)
iLLLl
35. Net cash fkw, corporate, in 1972 Idollars, Q
(ann. rate, bil. dol.) [L~[~[
34. Net cash flow, corporaie, in current dollars, Q
(ann. rate, bil. del.) hL,L|
Current data for these series are shown on pages 69 and 70.
KCII
MAY 1980
29
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
Chart B6. Prices, Costs, and Profits—Continued
(See.) (Kov.)
(Apr,) (FA)
P
P
T
I
[Unit Labor Costs and Labor Share]
63. Unit labor cost, private business sector, Q
(index: 1967=100)
68, Labor cost (current dollars) per unit of gross domestic product
(1972 dollars), nonfinancial corporations, Q (dollars)
62. labor cost per unit of output manufacturing (index: 1967=100)
64. Compensation of employees as a percent of national income, Q (percent)
Current data for these series are shown on page 70.
30
MAY 1980
ItCII
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
Chart B7. Money and Credit
(Aug.) (Apr.)
P
T
(Apr.) (Feb.)
P
(Dec.) (Kov.)
T
P
T
85. Change in money supply Ml-B
(percent; MCD moving avg.-6-term)
r
(Mow.)
(Mar.)
P
T
r
fl
10Z Change in money supply M2
j'
(percent; MCD moving avg.-Werm) |l,C,U| i
104. Change in total liquid assets (percent; moving avg.—4-term1)
105, Money supply-Mi-B-in 1972 dollars (bil. dol.)
106. Money $upply-M2-in 1972 doBas (Ml. dol.)
L.L.I
1
This series is a weighted 4-term moving average (with weights 1,2,2,1) placed on the terminal month of the span.
Current data for these series are shown on page 71.
BCII
MAY 1980
31
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
Chart B7. Money and Credit—Continued
(Dec.) (Mow.)
P
T
(Aug.) (Apr.)
P
T
(Wow.)
P
(Rflgr.)
I
[Credit Rows!
33. Change in mortgage debt (ann. rate, bit. dol.)
lull
112. Change in bank loans to businesses (ana rate, bit. dot.; ,"
MCO moving avg.—6-term)
iTl1
Ill Change in consumer installment debt (ann. rate, Ml. dol.)
3 !
110. Total private borrowing, Q (ann, rate, bit dot.)
fun
Current data for these series are shown on pages 71 and 72.
32
MAY 1980
BCII
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
Chart B7. Money and Credit—Continued
(Aug.) (Apr.)
P
T
(Apr.) (Feb.)
P
T
(Dec.) (Nov.)
P
T
(Nov.)
P
(Mar.)
T
[Credit Difficulties]
14. Current liabilities of business failures (mil. dol.-
39. Delinquency rate, 30 days and over, consumer installment loans
(percent-inverted scale)
fi£n
3
re
93. Free reserves (bif. doJ.-inverted scale)
UUJ
"@)«
94. Member bank borrowing from
the Federal Reserve (bit. dot.)
Uid i7
1§
if
i©
SI
iS
i
71
Current data for these series are shown on page 72.
ItCII
MAY 1980
33
B
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
Chart B7. Money and Credit—Continued
Cfti;g.){Ap!-.}
P T
(Apr.) (Feb.)
P
T
(Dae.) (Wotf.)
P
1
(Nov.)
(Mar.)
|Interest Rates!
119. Federal funds rate (percent)
116. Corporate bond yields (percent)
115. Treasury bond yiekJs (percent)
118. Secondary market yields on FHA mortgages (percent)
|Lg,Lg,Lg
117. Municipal bond yidds (percent)
wu m m m da ©g ©s ©^
Current data for these series are shown on pages 72 and 73.
34
MAY 1980
•ten
WIUKSM,
B I
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
Chart B7. Money and Credit—Continued
(Aug.) (Apr.)
P
T
(Dec.) (Wow.)
P
T
(Apr.) (Feb.)
P
T
(Nov.)
P
(Mar.)
T
[interest Rates—Con.{
67. Bank rates on short-term business loans (percent)
109. Average prime rate charged by banks (percent)
|i-g,Lg.Ul
[Outstanding Debt|
66. Consumer installment debt (bil, dol.)
SI
95. Ratio, consumer installment debt to persona] income (percent)
Current data for these series are shown on page 73.
BCII
MAY 1980
35
DIFFUSION INDEXES AND RATES OF CHANGE
Chart Cl. Diffusion Indexes
(Aug.) (Apr.)
P
T
(Dec.) (Mow.)
P
T
(Apr.)(Fg!i.)
P I
(Mov.)
P
(Mar.)
T
[Percent rising
950. Twelve leading indicator components (6-mo. span—, 1-m span---)
951. Four roughly coincident indicator components (6-mo. span—*, 1-mo. span—)
952. Six lagging indicator components (6-mo, span«^t 1-rtia span—)
961. Average workweek, production workers, manufacturirtg-20 industries (9-mo, span*—, 1-mo. span—)
962, Initial daims, State unemployment insurance-51 areas (percent declining; 9-mo. sp^n—, 1-mo. span —-)
963. Employees on private nonagricuftural payrolls-172 industries (6-mo. span-~, 1-mo. span—)
4 i
^n SD ©@ si ®% a><
Current data for these series are shown on page 74.
36
MAY 1980
KCII
DIFFUSION INDEXES AND RATES OF CHANGE—Continued
Chart Cl. Diffusion Indexes—Continued
(Dec.) (Nov.)
(Apr.) (Feb.)
P
T
P
(Nov.)
P
T
964. New orders, durable goods industries—35 industries
(Mar.)
T
(9-mo. span—*, 1-mo. span—)
965. Newly approved capital appropriations, deflated—17 industries (4-Q moving avg.*-~r 1-Q span •—•)
966. Industrial produdion-24 industries (6-mo. span—r 1-mo, span—)
967. Industrial materials prices—13 industrial materials (9-mo. span—, 1-mo. span—)
968. Stock prices, 500 common stocks—53-82 industries (9-mo. span—, 1-mo. span—)
960. Net profits, manufacturing-about 700 companies1 (4,Q sp^n)
90 T
50-
1956
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
7®
77
78
79
80 1981
1
This is a copyrighted series used by permission; it may not be reproduced without written permission from Dun & Bradstreet, Inc.
Current data for these series are shown on page 75.
ItCII
MAY 1980
37
OYOLJSM, BK
C I
DIFFUSION INDEXES AND RATES OF CHANGE-Continued
Chart Cl. Diffusion Indexes—Continued
(Dec.) (Wow.)
P
T
(fc)
P
(to.)
T
(0 2C.)
P
Percent rising
(NOV.)
T
Percent rising
Actual
++*•
Anticipated—*-*
(M@y.)
P
(to.)
T
Actual
•"*•*
Anticipated-- • •
970. Business expenditures for new plant and
equipment—18 industries (1-Q span)
•
(a) Actual expenditures
>^
41
1
974. Number of employees, manufacturing and trade (4-Q span)1
(b) Later anticipations
975. Level of inventories, manufacturing and trade (4-Q span)1
(a) Actual expenditures
X
(c) Early anticipations
971. New orders, manufacturing (4-Q span)1
976. Selling prices, manufacturing (4-Q span)1
972. Net profits, manufacturing and trade (4-Q span)1
977. Selling prices, wholesale trade (4-Q span)1
.-••••.-••-,
/v%<v>
973. Net sales, manufacturing and trade (4-Q span)1
1
978. Selling prices, retail trade (4-Q span)1
This 1$ a copyrighted series used by permission; It may not be reproduced without written permission from Dun & Bradstreet, Inc.
surveys of about 1,400 business executives.
Current data for these series are shown on page 76.
38
Dun & Braditreet diffusion Indexes are based on
MAY 1980
ItCII
DIFFUSION INDEXES AND RATES OF CHANGE—Continued
Chart C3. Rates of Change
F
T
(Apr.) (Feb.)
P
T
(Dec.) (Nov.)
P
T
(Nov.)
P
(Mar.)
T
Percent changes at annual rate
910c. Composite index of twelve leading indicators
(series 1, 3f 8, 12, 19, 20, 29, 32, 36, 92, 104, 106)
-
920c. Composite index of four roughly coincident indicators
(series 41, 47, 51, 57)
930c. Composite index of six lagging indicators
(series 62, 70 72, 91, 95, 109) ]
50c. GNP in constant (1972) dollars (1-Q span)
47c. Index of industrial production
48c. Employee-hours in nonagricuttural establishments
51c. Personal income less transfer
NOTE: Data for these percent changes are shown occasionally in appendix C. The ''Alphabetical index—Series Finding Guide" indicates the latest issue tn which the data for each series
were published.
ItCII
MAY 1980
39
NATIONAL INCOME AND PRODUCT
Chart Al. GNP and Personal Income
(Aug.) (Apr.)
P
I
(Apr.) (Feb.)
P
T
(Dee.) (Mov.)
P
T
(Wov.)
P
(fc)
T
200. GNP in currant dollars, 0 (ann. rate, bil. doL)
223. Personal income in current dollars
(ann. rate, bil, dol.)
224, Disposable personal income in current
dollars, Q (ann. rate, bil. dol.)
IBsposa^pemiS income in 1572
.jttUaiv-Q (ann. ratfe. hiL djpij
GNP in 1972 dollars
227.. fttcapb disposable personal Jngome in
1972 dollars, Q (ann. rate, thoos, dol,)
Current data for these series are shown on pages 63 and 80.
40
MAY 1980
ItCII
NATIONAL INCOME AND PRODUCT—Continued
Chart A2. Personal Consumption Expenditures
(Aug.) (Apr.)
P
T
(Apr.) (Feb.)
F T
(Dec.) (Nov.)
P
T
(Nov.)
P
(Mar.)
T
Annual rate, billion dollars (current)
Personal consumption expenditures-
Current data for these series are shown on pages 80 and 81.
BCD MAY 1980
41
IA
I
NATIONAL INCOME AND PRODUCT—Continued
Chart A3. Gross Private Domestic Investment
(Aug.) (Apr.)
F T
(Apr.)(f ; eb.)
P
(Dec.) (ito.)
P
I
!
(Wow.)
P
T
Annual rate, billion dollars (current)
Gross private domestic investment-
245. Change in business inventories, Q
Annual rate, billion dollars (1972)
30. Change in business inventories, Q
• • •;• ••
^
w® s? §§ ss m
6i 6^ s:
Current data for these series are shown on page 81.
42
MAY 1980
B€l»
A
NATIONAL INCOME AND PRODUCT—Continued
Chart A4. Government Purchases of Goods and Services
(Aug.) (Apr.)
P
T
(Dec.) (Nov.)
P
T
(Apr.) (Feb.)
P
T
(Wow.)
P
(Mar.)
T
Annual rate, billion dollars (current)
Government purchases of goods and services—
266. State and local
governments, Q
Annual rate, billion doto (1972) |
261. Total, Q
267. State and local governments, Q
X
263. Federal Government Q
HDKS
i?
i©
li
i©
<S3L
il
(
Current data for these series are shown on page 81.
MAY 1980
43
IMPORTANT
IA I
NATIONAL INCOME AND PRODUCT—Continued
Chart A5. Foreign Trade
(Aug.) (Apr.)
P
(Dec.) (Nov.)
P
T
(Apr.) (Feb.)
T
F
T
Key.)
P
(Mar.)
T
Annual rate, billion dollars (current)
252, Exports of goods and services, Q
253. Imports of goods and services, Q
250. Net exports of goods and aro
Annual rate, billion dobs (1972)
256. Exports of pods and services, Q
257. Imports of gqpds and services, Q
255, Net exports of goods and services, Q
19S8
S7
S8
Si
00
61
62
8
64
6S
66
07
i8
69
70
71
72
73
7S
76
77
7S
7©
80 1981
Current data for these series are shown on page 82.
44
MAY 1980
ItCII
NATIONAL INCOME AND PRODUCT—Continued
Chart A6. National Income and Its Components
P
(Apr.) (Feb.)
P
T
T
(Dec.) (Nov.)
P
T
(Nov.)
P
(Mar.)
T
Annual rate, billion dollars (current)
280. Compensation of employees, Q
286. Corporate profits with inventory valuation and capital consumption adjustments, Q
.\. __.„:..
288. Net interest, Q
ard captal^consumption adjustments, Q
284. Rental income of persons with capital
consumption adjustment, Q
Ii56
§7
58
59
6©
61
62
63
§4
65
6S
67
68
69
70
71
72
73
Current data for these series are shown on page 82.
ItCII
MAY 1980
45
A
NATIONAL INCOME AND PRODUCT-Continued
Chart A7. Saving
(Aug.) (Apr.)
P
T
(Apr.) (Feb.)
f
T
(Dae.) (Nov.)
I1
T
(Wow.)
(fe)
P
T
Annual rate, btHton dollars (current)
290. Gross saving (private and gowmment), Q
298, Government surplus or deficit, Q
Current data for these series are shown on pages 82 and 83.
46
MAY 1980
BCII
NATIONAL INCOME AND PRODUCT-Continued
Chart A8. Shares of GNP and National Income
(Aug.) (Apr.)
P
T
(Apr.) (Feb.)
P
T
(Dec) (Nov.)
P
T
(Wow.)
(Mar.)
T
268. State and local government purchases
of goods and services, Q
265. Federal Government purchases of goods and services, Q
248. Presidential fixed investment, Q
249. Residential fixed investment, Q
^247. Change in business inventories, Q
251. Net exports of goods and services, Q
[Percent of National ilncome|
64, Compensation of employees, Q
283. Proprietors' income with inventory valuation
and capital consumption adjustments, Q
""'""
287. Corporate profits with ^inventory valuation and
capital consumption adjustments, Q
285. Rental income of persons with capital consumption adjustment, Q
Current data for these series are shown on page 83.
BCD
MAY 1980
47
B
PRICES, WAGES, AND PRODUCTIVITY
Chart Bl. Price Movements
(to.)
(Bee.) (Wow.)
i5
T
F
(Kar.)
(Dec.) (Nov.)
T
Index: 1972=100
(Nov.)
(fc)
P
T
310c. Implicit price deflator,
GNP (1-Q span)
[Percent changes at annual rate]
310. Implicit price deflator, GNP, Q
3lie. Fixed-weighted price index, gross business
product (1-Q span)
311. Fixed-weighted price index,
gross business product, Q
Index: 1967=100|
Producer pnce&330. All commodities
335. Industrial commodities
331 Crude materials
332. Intermediate materials
333. Capital equipment
X,
334. Finished consumer goods
334c Rnisbed consumer goods
Current data for these series are shown on pages 84, 85, and 86.
48
MAY 1980
B
I
PRICES, WAGES, AND PRODUCTIVITY—Continued
Chart Bl. Price Movements—Continued
(Aug.) (Apr.)
P
T
(Dec.) (Wow.)
P
T
(Apr.) (Feb.)
P
T
(Nov.)
P
(Mar.)
T
Consumer prices-
Percent changes at annual rate
320c. All items (6-month span)
Chart B2. Wages and Productivity
345. Average hourly compensation, all employees,
nonfarm business sector, Q (current dollars)'
340. Average hourly earnings of production workers,
private nonfarm economy (current dollars)1
346. Real average hourly compensation, all employees,
nonfarm business sector, Q
SjlLJieajjverajse .hourly earnings of production workers
private nonfarm economy1
1
Adjusted for overtime (In manufacturing only) and interindustry employment shifts and seasonality.
Current data for these series are shown on pages 84, 87, and 88.
rifc
LJP MAY 1980
49
B I
PRICES, WAGES, AND PRODUCTIVITY—Continued
Chart B2. Wages and Productivity—Continued
(Aug.) (Apr.)
P
(Dee.) (Now.)
P
T
(Apr.) (Feb.)
T
P
T
(Nov.)
(Mar.)
P
T
|Wages-Con.|
Charge in average hourly earnings of production
workers, private nonfarm economy1— """""
340c. Cum*4ohr earnings j
1-month spans2
* i 18 JJU 4
341c. Real earnings
Change in average hourly compensation, all employees,
nonfarm business sector, Q345c Current-doflar compensation
A -u .A -._
/**
346c. Real compensation
1-quarter spans (ann, rate)
A
4-quarter spans
Negotiated wage and benefit decisions, all industries
348, First year average changes, Q (ana rate)
349, Average changes over life of
contract, Q (ann. rate)
| Productivity]
370. Output per hour, all persons,
private business sector, Q
358. Output per hour, all persons, nonfarm business sector, Q
370c. Change in output per hour, private business sector, Q
1-quarter spans (ann. rate)
j? si
m m §i ©i si 04 m id ©7 m m ?© 71 ?% ?s m m m 77 JB ii> m
3
'Adjusted for overtime (in manufacturing only) and Interindustry employment shifts and seasonality.
One-month percent changes have been multiplied by a constant (12) to make
them comparable to the annualized 6-month changes. See the current data table for actual 1-month percent changes.
Current data for these series are shown on pages 87 and 88.
50
MAY 1980
ItCII
LABOR FORCE, EMPLOYMENT, AND UNEMPLOYMENT
Chart Cl. Civilian Labor Force and Major Components
(Aug.) (Apr.)
F T
(Apr.) (Feb.)
P
T
(Dec.) (Nov.)
P
T
(Nov.)
P
(Mar.)
T
441. Civilian labor force, total (millions)
Labor force participation rates (percent)—
451 Mate 20 years and over
453. Both sexes 16-19 years o f ;
45Z Females 20 years and over
Number unemployed (millions)—
37. Total unemployed
446. Both sexes 16-19 years of age
448. Number employed part-time for economic
reasons (millions)
447. Number unemployed, full-time
workers (millions)
Current data for these series are shown on page 89.
ItCII
MAY 1980
51
£) I
GOVERNMENT ACTIVITIES
Chart Dl. Receipts and Expenditures
(Aug.) (Apr.)
P
T
P
(Nov.)
P
(Dec) (Nov.)
P
T
1
(Mar.)
T
Annual rate, billion dollars (current)
502. Federal Govemmeni^xpe^ityres, Q
501. Federal Government receipts, Q
500. Federal Government surplus or deficit, Q
0«
>1U«
GO-
x£—Jl.
300-
511 State and local government receipts, Q
512. State and local government expenditures, Q
510. Stale and local government surplus or deficit, Q
4U
195S
37
58
Si
SO
61
62
S3
64
6S
67
68
69
70
71
73
74
79
7S
77
78
79
+30+20-
S@ liSl
Current data for these series are shown on page 90.
52
MAY
1980
BCII
GOVERNMENT ACTIVITIES—Continued
Chart D2. Defense Indicators
v.)
P
(Mar.)
T
[Advance Measures of Defense Activity|
517. Defense Department gross obligations incurred
(Ml;, do!.; MCDjnoving avg.-6-tetrn)
525. Defense Department military prime contract awards
(bil. dol.; MOD moving avg.—6-term)
543. Defense Department gross unpaid obligations outstanding (bil. dol.)
548. Manufacturers' new orders, defense products
(bil. dol.; MCD moving avg.-6-term)
Current data for these series are shown on page 90.
MAY 1980
53
GOVERNMENT ACTIVITIES-Continued
Chart D2. Defense Indicators—Continued
(Apr.)(t-'eb.)
P
(Dec.) (Nov.)
P I
T
(Nov.)
P
(Mir.)
T
[intermediate and Final Measures of Defense Activity!
557. Output of defense and space equipment (index: 1967-100)
559. Manufacturers' inventories, defense products (bti, dot.)
561. Manufacturers' unfiUed orders, defense products (fail. doJ.)
580. Defense Department net outlays, military functions and military
assistance (bil. dot; MOD moving avg-Werm)
588. Manufacturers' shipments, defense products
(bil. dpi.; MCD moving avg.-4.term)
?
s©
Bi CB©
©a di ©
Current data for these series are shown on page 91.
54
MAY 1980
GOVERNMENT ACTIVITIES-Continued
Chart D2. Defense Indicators—Continued
(Aug.) (Apr.)
P
T
(Dec.) (Nov.)
P I
(Apr.) (Feb.)
P
T
[Intermediate and Final Measures of Defense Activity-^ConT]
I
;
I
(Mow.)
P
;;
(Mar.)
T
Ij
570. Employment in defense products industries (millions)
Defense Department personnel (millions)—
577. Military, active duty
578. Civilian, direct hire employment
National Defense Purchases
564. Federal Government purchases of goods and services for national
defense, Q (ann. rate, bil. dol.)
565. National defense purchases as a percent of GNP, Q (percent)
Current data for these series are shown on page 91.
BCD
MAY 1980
55
U.S. INTERNATIONAL TRANSACTIONS
Chart El. Merchandise Trade
(Aug.) (Apr.)
P
T
(Dee.) (Nov.)
P
T
(Apr.)(t-cb.)
P
T
fc)
P
(Mar.)
T
602. Exports, excluding military aid shipments
(bil. dd; MCD moving avg.-5-term)
604. Exports of agricultural products,
total (bil. dd)
606. Exports of nonelectrical machinery (bit. doL)
\
612. General imports (fail, dd.; MCD moving avg.-4-term)
614. Imports of petroleum and petroleum products (bil. dd)
616. Imports of automobiles and parts (bil, dd)
$?
m
SD
i©
©n
si ©;
Current data for these series are shown on page 92.
56
MAY 1980
KCII
U.S. INTERNATIONAL TRANSACTIONS—Continued
Chart E2. Goods and Services Movements
(Aug.) (Apr.)
P
T
(Apr.) (Feb.)
P
T
(Dec.) (Wow.)
P
T
(Nov.)
P
(Mar.)
T
Annual rate, billion dollars
Excess of receipts
Excess of payments
Goods and services-
667, Balance on goods and services, Q
668. Exports, Q ^
Merchandise, adjusted—
622, Merchandise trade
Investment income—
651. Income on U.S. investments abroad, Q
65Z Income on foreign investments in the U.S., Q
NOTE: Annual totals are shown for the period prior to 1960.
Current data for these series are shown on page 93.
ICO
MAY 1980
57
INTERNATIONAL COMPARISONS
Chart Fl. Industrial Production
(D@c.) (!to.)
P
T
Index: 1967=100
Industrial production—
721. OECD European countries
Current data for these series are shown on page 94.
58
MAY 1980
BCII
BMPOTlfiW
INTERNATIONAL COMPARISONS—Continued
Chart F2. Consumer Prices
(Dec.)
P
(Nov.)
P
T
Chart F3. Stock Prices
(Mar.)
T
Percent changes at annual rate
Consumer prices-
(Dee.) (Kov.)
P
T
(Wow.)
P
(Mar.)
T
6-month spans
Index: 1967=100
Stock prices19. United States
?D 3LI
current data for these series are shown on pages 95 and 96.
ltd)
MAY 1980
59
CYCLICAL INDICATORS
COMPOSITE INDEXES AND THEIR COMPONENTS
MM COMPOSITE INDEXES
Year
and
month
910. Index of
12 leading indicators (series
1,3,8, 12,19,
20, 29, 32, 36,
92, 104, 106)
920. Index of
4 roughly
coincident indicators (series
41,47,51,57)
(1967=100)
(1967=100)
930. Index of 6
lagging indicators (series
62, 70, 72,
91,95,109)
(1967=100)
Leading Indicator Subgroups
913. Marginal
employment
adjustments
(series 1,2,3,
5)
914. Capital
investment
commitments
(series 12,20,
29)
915. Inventory
investment
and purchasing
(series 8, 32, 36,
92)
916. Profitability (series
19, 26, 80)l
917. Money
and financial
flows (series
104,106, 110)
(1967=100)
(1967=100)
(1967=100)
(1967=100)
(1967=100)
940. Ratio,
coincident
index to
lagging index 1
(1967=100)
1978
January
February
March
139.1
140.3
140.3
134.0
135.0
136.9
134.1
135.9
137.2
97.6
97.2
98.3
115.4
115.9
115.0
104.8
105.9
106.3
90.9
89.4
90.4
148.5
148.0
147.4
99.9
99.3
99.8
April .
May
June
141.5
141.8
142.5
139.3
139.5
140.1
137.8
140.0
142.0
99.0
98.0
97.8
114.9
115.0
116.1
106.9
107.2
106.9
92.1
93.8
94.1
147.5
147.8
148.5
101.1
July
August
September
141.2
142.0
142.9
140.5
141.4
141.4
143.5
144.5
146.4
97.4
97.3
98.5
115.5
115.4
116.0
105.2
105.8
105.8
94.2
95.4
95.4
148.9
149.1
149.9
97.9
97.9
96.6
October
November
December
0)143.6
142,8
143.0
143.0
144.3
145.5
148.1
152.7
155.2
98.7
98.8
1)117. 2
116.1
115.7
106.1
106.2
106.7
94.9
94.1
93.5
150.6
E)151.1
150.2
96.6
94.5
93.8
144.8
144.9
D146.6
157.4
158.5
158.4
98.5
98.4
98.0
113.9
113.9
115.5
107.4
108.3
0)108.8
93.2
92.2
92.2
148.6
145.6
144.5
92.0
91.4
92.6
144.1
145.6
145.0
161.8
162.5
163.6
94.6
97.3
96.7
113.6
rl!3.3
114. T
107.8
r!07.3
H06.6
92.3
91.7
91 .8
146.1
146.9
H48.2
89.1
89.6
88.6
r96.2
95.4
96.2
rl!3.5
H13.5
H14.8
rlOG.l
H05.7
H04.6
91.7
92.0
91.8
r!48.1
r!47.8
H45.7
88.2
87.0
84.9
90.8
90.3
r!43.4
H40.1
r!38.7
82.3
80.9
81.6
H37.8
r!39.3
r!38.9
r80.2
r75.3
p!35.5
p70.8
1)99.1
99.6
98.7
1979
142.6
142.3
143.2
January . .
February
March
140.3
r!41.4
H41.6
', April .
May
June .
July
August
September . .
rl40.8
r!39.9
H40.4
145.3
144.8
144.7
164.8
166.4
170.5
October
November
December
H38.3
H35.9
r!35.9
144.8
144.9
r!45.2
175.9
179.0
177.9
96.7
95.8
96.3
rl!3.5
rl!2.3
rl!3.1
r!03.3
r!02.3
r!02.3
135.9
135.4
2
132.6
145.9
r!44.9
143.2
r!78.4
180.7
190.2
96.4
r96.3
r94.3
rl!3.5
rl!2.1
rllO.4
H02.6
102.2
rl01.4
"140.5
5
p90.0
plOS.l
p98.7
r90.1
1980
January
February
March .
April
May
June .
i
I
1
3
126.3
E) 198.5
r89.7
r89.4
(NA)
81.8
July
August
September
October
November
December
NOTE: Series are seasonally adjusted except those series that appear to contain no seasonal movement. Unadjusted series are indicated by ©. Current high values are indicated byH); for
series that move counter to movements in general business activity,current low values are indicated by [H). Series numbers are for identification only and do not reflect series relationships or
order. Complete titles and sources are shown at the back of the book. The "r" indicates revised; "p", preliminary; "e", estimated; "a", anticipated; and "NA", not available.
Graphs of these series are shown on pages 10 and 11.
Series 916 reached its high value (97.2) in August 1977; series 940 reached its high value (106.6) in March 1977.
2
Excludes series 12 for which data are not yet available.
3
Excludes series 12 and 36 for which data are not yet available.
^Excludes series 57 for which data are not yet available.
5
Excludes series 70 and 95 for which data are not yet available.
60
MAY 1980
ItO
CYCLICAL INDICATORS
CYCLICAL INDICATORS BY ECONOMIC PROCESS
MAJOR ECONOMIC
PROCESS
^H EMPLOYMENT AND UNEMPLOYMENT
Minor Economic
Process
L, L,L
Tinning Class
L,C,L
1. Average
workweek of
production
workers,
manufacturing
Year
and
month
L, L, L
2. Accession
21. Average
weekly overtime rate, manufachours, produc- turing
tion workers,
manufacturing
(Per 100 employees)
(Hours)
(Hours)
L, Lg, U
L, Lg, U
L,C, L
L, L, L
5. Average
weekly initial
claims, State
unemployment
insurance1
3. Layoff rate,
manufacturing
4. Quit rate,
manufacturing
(Per 100 employees)
(Per 100 employees)
(Thous.)
Comprehensive
Employment
Job Vacancies
Marginal Employment Adjustments
L, Lg, U
60. Ratio, helpwanted advertising to persons
unemployed
46. Index of
help-wanted
advertising
in newspapers
(Ratio)
(1967=100)
u,c,c
48. Employeehours in nonagricultural
establishments
(Ann. rate,
bil. hours)
1978
January
February
March
39.6
40.0
40.5
3.5
3.7
3 6
4.1
3 9
4 0
338
364
335
0 9
1 0
1 0
1 9
2 0
2 0
0.652
0.680
0 682
138
139
141
159 07
160 57
162 31
E>40 7
40.4
40 5
3 7
3.6
3 5
4 1
4*0
4 0
334
330
341
1 0
1 0
1 0
2 1
2 1
2 1
0 718
0 700
0 741
146
144
147
Ifi? P.7
July
August
September
40 5
40 4
40 5
3 6
3 4
3 6
4 0
4 0
4 1
362
345
328
0 8
1 0
Jj) 0 8
2 0
2 1
2 1
0 712
0 753
0 758
14Q
1 fid. fi7
1 fiA 7ft
1 fie. nfi
October
November
December
40 5
40 6
40 6
3 6
3 7
3 7
4 3
[H)323
0 9
2 2
[R)0 828
In!
A
n
9 9
9 9
O oi c
n R9i
1AT
1 fi£
-i £-7
January
February
March
40.6
/in fi
40.6
3.7
4.3
q 7
H>2.3
B>3:7
4
2 . 9£
0.812
O pnn
2.1
0.790
161
T CO
I bo
156
167.69
168.08
169.47
April
May
June
39 1
40 2
40 1
0
0
0
77/r
1 RR
Ififi P.7
777
1 RA
1 R?
1 fiQ Afi
July
August
September
October
November
December
April
May
June
A
qq/|
O
fu\4 c
00/1
n Q
150
152
163 62
i C.A fin
ifi£,7n
9r
1 D/ .<ib
1 C7 /I C
ID/ .45
1979
4.0
347
0.9
O. y
0.9
2 7
3 5
3 4
3 9
4 0
4 0
434
350
375
•j ]
9 1
in
] 1
9 n
? n
40 2
40 1
40.2
3 3
3 2
3.2
3 9
3 7
395
qqn
1 2
i R
1 Q
3.8
387
1.2
An 9
o 9
/in i
-i -i
1 .1
i
1 . Q6
2
q
1
1 .y
0
3 2
An
9
AD
"3
0 9
v*An i
q n
o n
9
41
. 1
3 . ny
4 r\
344
OO/I
OOH-
one
oyb
409
A C\~I
407
Q
9
. C.
709
1 fiR 71
0
/bo
0 . 7CQ
1 RR
1 RR
1 fiQ R°,
1.9
0.790
159
169.77
n
. (J
2rt
.0
O .0Ql1 9C.
1 Q
Q
7QT
07
7Q
. //O
0770
[H}167
1 CO
Ib8
"I J--Q
IfiQ
^c;
169.76
170.05
170.81
1980
January
February
March "
on
o
p39 5
April
May
June
n?
P,
4 1
4 .0n
ir>"3
C
To.D
nq
n
AHA
Q7C
o/b
/i /i n
440
r\C.£Q
I Q
.0
1 0
.3
1 .5
_9 Q
pd.o
2
r\
.0
2.1
rl ,9
pi .6
0.714
0.713
0.670
154
151
145
|H)171 .61
r!71 .48
r!70.99
pO.500
p!22
p!69.47
July
August
September
October
November
December
. .
NOTE: Series are seasonally adjusted except those series that appear to contain no seasonal movement. Unadjusted series are indicated by ©. Current high values are indicated by|H); for
series that move counter to movements in general business activity, current low values are indicated by [H). Series numbers are for identification only and do not reflect series relationships or
order. Complete titles and sources are shown at the back of the book. The "r" indicates revised; "p", preliminary; "e", estimated; "a", anticipated; and "NA", not available.
Graphs of these series are shown on pages 12, 16 and 17.
1
Data exclude Puerto Rico which is included in figures published by the source agency.
MAY 1980
61
CYCLICAL INDICATORS
CYCLICAL INDICATORS BY ECONOMIC PROCESS-Con.
MAJOR ECONOMIC
PROCESS
Q| EMPLOYMENT AND UNEMPLOYMENT-Con.
Minor Economic
Process
Timing Class
Year
and
month
Comprehensive Unemployment
Comprehensive Employment-Con.
U,C,C
C,C,C
L, C, U
U, Lg, U
L, Lg, U
L, Lg, U
L, Lg, U
Lg, Lg, Lg
Lg, Lg, Lg
42. Persons
engaged in nonagricultural
activities, labor
force survey
41. Employees
on nonagricultural payrolls,
establishment
survey
40. Employees
in goodsproducing industries (mining, mfg., construction)
90. Ratio,
civilian employment to total
population of
' working age
37. Number of
persons unemployed, civilian
labor force
43. Unemployment rate,
total
45. Average
weekly insured unemployment rate
State prog rams*
91. Average
duration of
unemployment
44. Unemployment rate,
persons unemployed 15
weeks and over
(Thous,)
(Thous.)
(Thous.)
(Percent)
{Thous.)
(Percent)
(Percent)
(Weeks)
(Percent)
1978
24,838
24,893
25,107
58.03
58.03
58.09
6,305
6,088
6,153
6.4
6.1
6.2
3.5
3.6
3.5
13.0
12.6
12.4
1.6
1.6
1.5
25,487
25,534
25,652
58.42
58.56
58.76
6,056
6,126
5,902
6.1
6.1
5.9
3.2
3.2
3.2
12.4
12.0
12.1
1.5
1.4
1.3
86,686
86,880
87,032
25,710
25,716
25,767
58.60
58.76
58.78
6,228
5,929
5,971
6.2
5.9
5.9
3.3
3.3
3.2
11.9
11.5
11.5
1.3
1.2
1.3
92,024
92,488
92,456
87,424
87,840
88,133
25,941
26,120
26,272
58.95
59.08
59.06
0)5,788
5,882
5,984
5,7
5.8
5.9
3.0
3.0
3.0
11.8
11.1
10.6
1.3
1.2
1.2
January
February
March
92,897
93,189
93,303
88,433
88,700
89,039
26,382
26,448
26,627
59,19
59,33
59.31
5,904
5,883
5,882
5.8
5.7
. 5.7
3.0
3.0
3.0
11.2
11.3
11,8'
1.2
1.2
1.3
April
May . .
June
93,039
93,249
93,409
89,036
89,398
89,626
26,565
26,651
26,674
59,05
59.11
59.13
5,944
5,903
5,824
5.8
5.8
5.7
2.9
11, ,0
10..9
10,, 5
1.2
1.2
1.1
July
August
September
93,917
93,689
94,140
89,713
89,762
89,803
26,723
26,599
26,593
59.37
59.19
E>59.42
5*, 909
6,124
5,990
DI.O
October .
November
December •
94,180
94,223
94,553
89,982
90,100
90,241
26,572
26,533
26,655
59.27
59.27
59.38
January .
February
March
94,534
[H>94,626
94,298
_ 90,652
[H)r90,845
r90,799
ED26,783
r26,732
r26,597
April ...
May ....
June ...
93,912
p90,320
p26,189
January .
February
March
89,425
89,653
89,813
84,421
' 84,735
85,246
April
May
June ...
90,468
90,818
91,141
85,961
86,227
86,590
July
August
September
91,046
91,457
91,598
October
November
December
•
1979
D2.S
2.9
2.9
2.9
2.9
p)10,,l
5.9
5,8
10.7
10.7
1.1
1.1
6,121
6,044
6,087
5.9
5.8
5.9
2.9
3.1
3.1
10.5
10.6
10.5
1.2
1.1
1.2
59.24
59.26
59.00
6,425
6,307
6,438
6.2
6.0
6.2
3.2
3.1
3.3
10.5
10.7
11.0
1.3
1.2
1.3
58.63
7,265
7.0
11.3
1.6
D5.7
1980
P 3.7
July
August
September
October
November
December
NOTE: Series are seasonally adjusted except those series that appear to contain no seasonal movement. Unadjusted series are indicated by ©. Current high values are indicated by[R); for
series that move counter to movements in general business activity, current low values are indicated by [R). Series numbers are for identification only and do not reflect series relationships or
order. Complete titles and sources are shown at the back of the book. The "r" indicates revised; "p", preliminary; "e", estimated; "a", anticipated; and "NA", not available.
Gryphs of these series are shown on pages 14, 15, 17, and 18.
*Data exclude Puerto Rico which is Included in figures published by the source agency.
62
MAY 1980
KCII
CYCLICAL INDICATORS
CYCLICAL INDICATORS BY ECONOMIC PROCESS-Con.
MAJOR ECONOMIC
PROCESS
IH PRODUCTION AND INCOME
Minor Economic
Process
Timing Class
Industrial Production
Comprehensive Output and Income
50. Gross national product
in 1972 dollars
Year
and
month
Personal income
223. Current
dollars
(Ann. rate,
bil.dol.)
c,c,c
C,C,C
51. Personal
income less
transfer payments in 1972
dollars
53. Wages and
salaries in
mining, mfg.,
and construction in 1972
dollars
(Ann. rate,
bil.dol.)
cfc,c
C,C,C
'
(Ann. rate,
bil.dol.}
52. Constant
(1972) dollars
(Ann. rate,
bil.dol.)
{Ann. rate,
bil.dol.)
c,c,c
47. Index of
industrial
production,
total
(1967=100)
C,C, C
c, L,L
73. Index of
industrial
production,
durable manufactures
74. Index of
industrial
production,
nondurable
manufactures
(1967=100)
(1967=100)
C,C,C
49. Value of
goods output
in 1972 dollars
(Ann. rate,
bil.dol.)
1978
January
February
March
1,367.*8
1,618.5
1,631.3
1,654.4
1,117.0
1,118.1
1,127.7
967.4
969.4
978.9
233.3
236.0
240.2
140.0
140,3
142.1
132.1
132.3
135.0
152.4
152.9
153.8
621* ,'4
April
May
June
1, 395!2
1,676.5
1,687.3
1,704.2
1,135.1
1,133.9
1,137.6
987.5
986.7
991.1
244.0
243.2
244.2
144.4
144.8
146.1
137.6
137.9
139.0
155.5
155.8
157.0
637 .*2
July
August
September
1,40?! 3
1,730.0
1,741.3
1,756.1
1,149.5
1,151.7
1,154.6
998.5
1,000.3
1,004.1
245.3
244.5
245.1
147,1
148.0
148.6
141.1
141.8
142,9
157.2
158.4
159.3
641 *8
October
November
December
1,426,'e
1,781,0
1,801.4
1,826.8
1,163.3
1,172.0
1,181.6
1,013.0
1,021.4
1,030.5
246.3
248.7
250.7
149.7
150,6
151.8
144.6
145.5
146.8
159.5
160.4
161.7
657^3
January
February .
March
1,43CL6
1,834.3
1,851.4
1,872.1
1,172.8
1,172.5
1,177.4
1,021.9
1,022.6
1,027.0
249.4
250.3
0)251.6
151.5
152.0
0)153.0
146.8
147.2
0)148.6
April
May
June
1,422 '.3
1,880.7
1,891.6
1,905.1
1,174.0
1,172.7
1,172.4
1,022.7
1,021.5
1,021.8
248.7
248.2
246.9
150.8
152.4
152.6
144.6
147.6
147.6
161.7
162.8
163.0
647^3
1,433^3
1,933.2
1,946.5
1,960.1
1,180.9
1,179.7
1,177.2
1,023.0
1,021.4
1,019.5
246.1
243.1
242.6
152.8
151.6
152.4
147.2
144.2
145.9
164.1
164.3
164.6
651. '3
1,440.3
1,981.2
2,005.5
2,028.3
1,181.4
1,188.1
0)1,191.0
1,023,5
1,030.6
0>,1,033.2
241.9
241.0
241.6
152.2
152.1
152.2
145.7
145.0
144.5
164.0
164.5
164.7
655 !l
[fi>H,442*.6
2,046.5
r2,055.6
f2,069.6
rl,19D.5
rl, 182.1
rl,173.9
rl.030,5rl,024.8
rl,017.5
239.7
r238.9
r236.1
rl52.6
H52.3
M51.3
144.7
rl44.2
r!43.3
0)r 166.1
r165.4
r164.0
r657.2
pi, 166. 3
pi ,009.1
p230.6
p!48.5
p!39.4
P161.9
•
1979
July
August , .
September
....
October
November
December
.
160.7
162.0
163.0
0)658.'6
1980
January
February
March
April
May
June
®p2, 070.1
July
August
September
October
November
December
....
NOTE: Series are seasonally adjusted except those series that appear to contain no seasonal movement. Unadjusted series are indicated by ©. Current high values are indicated by0); for
series that move counter to movements in general business activity, current low values are indicated by[H). Series numbers are for identification only and do not reflect series relationships or
order. Complete titles and sources are shown at the back of the book. The "r" indicates revised; "p", preliminary; "e", estimated; "a", anticipated; and "NA"( not available.
Graphs of these series are shown on pages 14, 19, 20, and 40.
MAY 1980
63
CYCLICAL INDICATORS
B
CYCLICAL INDICATORS BY ECONOMIC PROCESS —Con.
MAJOR ECONOMIC
PROCESS
H
Minor Economic
Process
£Q CONSUMPTION, TRADE, ORDERS, AND DELIVERIES
Capacity Utilization
L.C.U
Timing Class
Year
and
month
PRODUCTION AND
INCOME-Con.
83. Rate of
capacity
utilization,
manufacturing
<BEA)
(Percent)
82. Rate of
capacity
utilization,
manufacturing
(FRB)
(Percent)
Orders and Deliveries
UC,U
84. Rate of
capacity
utilization,
materials
(Percent)
U L, L
L,L,L
L, Lg, U
7. Constant
(1972) dollars
8. New orders
for consumer
goods and
materials in
1972 dollars
25. Change in
unfilled orders,
durable goods
industries
96. Manufacturers' unfilled
orders, durable
goods industries
(Bil.dol.)
(Bil.dol.)
(Bil.dol.)
(Bil.dol.)
(Bil.dol.}
Revised1
Revised1
Revised1
Revised1
Revised1
U L,L
Value of manufacturers' new
orders, durable goods industries
6. Current
dollars
L,L,L
1,1,1
32. Vendor
performance,
companies reporting slower
deliveries®
(Percent
reporting)
,
1978
January
February . .
March
April
May
June
82^6
82^6
62,03
65.05
67.04
38.31
39.81
40.78
35.04
36.20
36.47
2.23
2.73
4.06
186.93
189.66
193.72
55
64
67
83^9
85.*0
69.20
68.88
68.54
41.71
41.24
40.70
37.98
37.02
36.84
3.45
4.00
2.79
197.17
201.16
203.95
64
64
66
85!2
86.*4
67.39
71.29
72.71
39.76
41.64
42.25
36.50
37.61
37.34
1.94
3.15
3.95
205.89
209.04
212.99
56
65
66
D88!2
76.42
77.21
76.54
44.10
44.14
43.36
38.06
38.06
38.86
6.32
5.71
3.80
219.31
225.02
228.82
68
66
68
78.68
80.43
B81.65
44.16
44.68
D45. 04
©38.94
38.43
38.63
5.91
5.89
234.72
241.82
247.71
69
77
[H)78
*84
*84
July
August
September . . . .
October
November
December
*83
86.*4
*84
1979
January
February . .
March
April
May
June
B>86!7
88!6
E>'84
85.' 9
87!3
75.93
77.04
76.03
41.36
41.75
40.98
36.74
36,88
36.43
4.73
1.52
3.23
252.43
253.96
257.19
76
76
70
85^4
87^2
74.58
74.76
77.65
39.82
39.81
40.91
35.95
35.44
35.93
0.71
0.40
3.45
257.90
258.30
261.74
60
55
51
84^6
86 .'3
76.52
75.90
77.20
39.71
39.23
39.49
35.60
34.34
34.19
0,98
2.15
3.01
262.72
264.87
267.88
50
47
49
p83])
p85.'2
81.26
81.04
77.91
40.59
40.06
38.51
35.64
35.61
33.15
3.16
1.96
1.86
271.04
273.00
274.85
48
42
45
P74.66
p36.53
p30.33
BP27S.95
40
*83
July
August
September
October
November
Decsmber
D7.10
*82
p81
1980
January
February
March
April
May
June ....
(NA)
pi. 10
July
August
September
October
November
December .
NOTE: Series are seasonally adjusted except those series that appear to containno seasonal movement. Unadjusted series are indicated by <g). Current high values are indicated by (H); for
series that move counter to movements in general business activity, current low values are indicated by®. Series numbers are for identification only and do not reflect series relationships or
order. Complete titles and sources are shown at the back of the book. The "r" indicates revised; "p", preliminary; "e", estimated; "a", anticipated; and "NA", not available.
Graphs of these series are shown on pages 12, 20, and 21,
^ee "New Features and Changes for This Issue," page iii.
64
MAY 1980
ItCII
CYCLICAL INDICATORS
B I
CYCLICAL INDICATORS BY ECONOMIC PROCESS —Con.
MAJOR ECONOMIC
PROCESS
Minor Economic
Process
Timing Class
a
^Q CONSUMPTION, TRADE, ORDERS, AND DELIVERIES-Con.
Formation of Business Enterprises
Consumption and trade
C,C,C
....
C,C,C
Manufacturing and trade sales
Year
and
month
56. Current
dollars
(Mil.dol.)
57. Constant
{1972} dollars
(Mil.dol.)
C, L, C
C,L,U
U,L,U
75. Index of inSales of retail stores
dustrial production consumer
59. Constant
goods
54. Current
dollars
(1972) dollars
(1967=100)
(Mil.dol.)
FIXED CAPITAL
INVESTMENT
(Mil.dol.)
L,C,C
55. Personal
consumption
expenditures,
automobiles
(Ann. rate,
bil.dol.)
L,L,L
L,L, L
12. Index of
58. Index of
net business
consumer
l
sentiment ® formation
(1st Q
1966=100)
(1967=100)
L,L, L
13. Number of
new business
incorporations
(Number)
1978
January
February
March
232,767
239,035
242,951
148,346
151,393
153,449
143.2
145.2
147.5
62,220
63,040
64,100
42,881
43,149
43,665
62.3
83.7
84.3
78.8
133.5
133.1
130.5
36,414
39,434
37,847
April
May
June
250,027
251,927
252,808
156,423
156,450
156,468
149.5
149.0
149.3
65,305
65,861
66,392
44,095
44,143
44,232
76!2
81,6
82.9
80,0
131.9
132.1
132.7
39,585
39,059
39,860
July
August
September
253,297
259,392
260,020
155,750
158,585
157,533
149.8
150.6
150.8
66,794
67,469
68,006
44,322
44,563
44,623
68.9
82.4
78.4
80.4
133.3
132.5
133.3
40,152
41,007
41,553
266,917
269,504
272,451
159,972
160,370
161,050
151.2
151.3
151,5
69,164
69,871
70,832
45,117
45,312
45,669
7CL6
79.3
75.0
66.1
-134.8
133.4
133.8
41,437
41,423
42,179
January
February
March
274,179
275,088
285,205
160,460
159,177
(H)164,058
150.6
151.5
E>152.9
71,293
71 ,266
72,045
45,381
44,850
44,944
|H>74!6
72.1
73.9
68.4
131.3
132.1
132.5
42,410
42,302
42,761
April
May
June
276,134
286,918
283,682
157,285
161,807
158,316
149.1
152.0
151.8
71,606
72,292
72,093
44,229
44,405
43,932
68^2
66.0
68.1
65.8
130.9
130.5
130.9
43,034
43,895
43,044
July
August
September
289,629
292,991
296,362
159,751
160,273
160,068
150.8
148.2
149.7
73,121
74,871
76,666
44,316
45,130
E>45,771
67^9
60.4
64.5
66.7
131.8
130.3
132.5
44,655 '
42,911
44,687
October
298,623
298,969
302,481
159,757
158,205
158,718
149.7
148.9
148.5
75,583
76,421
77,150
44,803
44,954
44,881
66.' 8
62.1
63.3
61.0
H31.9
r131.4
r133.9
S>46,478
44,811
43,579
0)312,562
r31 0,488
p307,566
161,742
r!58,947
pi 55, 808
H4S.2
K149.0
148.1
[E>79,464
r77,993
r76,234
45,695
r44,365
r42,780
67.0
66.9
56.5
135.4
E>el35.4
p44,447
r71,*9
p!45.1
p75,325
p42,058
October
November
December
....
1979
November
December
1980
January
February
March
April
May
June
(NA)
(NA)
(NA)
(NA)
52.8
July
August
September
October
November
December
NOTE: Series are seasonally adjusted except those series that appear to contain no seasonal movement. Unadjusted series are indicated by <g). Current high values are indicated by H>; for
series that move counter to movements in general business activity, current low values are indicated by |H>. Series numbers are for identification only^and do not reflect series relationships or
order. Complete titles and sources are shown at the back of the book. The "r" indicates revised; "p", preliminary; "e", estimated; "a", anticipated; and "NA", not available.
Graphs of these series are shown on pages 12, 14, 22, and 23.
1
Series 58 reached its high value (89.1) in 2d quarter 1977.
MAY 1980
65
CYCLICAL INDICATORS
B
CYCLICAL INDICATORS BY ECONOMIC PROCESS -Con.
MAJOR ECONOMIC
PROCESS
M FIXED CAPITAL INVESTMENT-Con.
Minor Economic
Process
Timing Class
Business Investment Commitments
U L, L
L,L,L
Contracts and orders for plant
and equipment
Year
and
month
10. Current
dollars
(Bil.dol.)
Revised3
20. Constant
(1972) dollars
U L, L
Value of manufacturers' new orders,
capital goods industries, nondefense
24. Current
dollars
L,C,U
U, lg, U
C, lg, Lg
9. Construction contracts for commercial and industrial buildings, floor
space1
11. Newly
(approved capital
appropriations,
1,000 manufacturing corporations
97. Backlog of
capital appropriations, manufacturing
(Bil.dol.)
(Bil.dol.)
L,L,L
27. Constant
(1972) dollars
(Bil.dol.}
Revised3
(Bil.dol.)
(Bil.dol.)
Revised3
Revised9
Square feet
(Millions)
Square meters2
(Millions)
1978
January
February
March
20.79
21,89
20.13
13.26
13.92
12.86
16.07
16.99
16.84
10.30
10.84
10.79
83.03
67.86
71.94
7.71
6.30
6.68
u.'io
April
May
June
19.00
21.18
19.83
12.06
13.30
12.41
17.24
17.68
17.66
10,98
11.20
11.13
76,71
88.41
83,27
7.13
8.21
7.74
15J2
July
August
September
22.08
22.92
23.18
13.62
13.99
14.09
18.05
18.57
19.69
11.27
11.48
12.09
74.82
79.21
86.38
6.95
7.36
8.02
16J7
7.85
8.46
7.57
18^75
October
November
December
59^73
59 '.98
60^83
25.94
24.87
22.34
15.56
14.92
13.24
21.12
20.92
18.76
12.86
12.74
11.28
84.55
91.08
81.48
26.16
25.48
D28.10
15.41
15.19
B17.02
21.23
22.48
i)23.60
12.72
13.56
D14.60
88.51
E>105.49
102.77
April
May
June
25.36
22.67
25.01
14.76
13.14
14.49
20.60
21.13
21.70
12.24
12.34
12.78
93.59
87.09
84.08
8.69
8.09
7.81
2K03
July
August
September
24.49
23.87
24.49
13.87
13.41
13.68 .
21.23
21.08
21.58
12.20
12.00
12.21
88.48
83.85
92.17
8.22
7.79
8.56
22!5S
October
November
December
24.21
25.69
27.42
13.56
14.65
15.31
21.07
21.75
22.28
12.01
12.73
12.81
93.15
84.13
80.79
8.65
7.82
7.51 |
27.14
24.59
26.63
14.81
13.53
14.53
23.65
21.50
22.95
13.11
12.05
12.75
104.43
85.46
82.84
9.70
7.94
7.70
p25.21
p!3.76
p23.18
p!2.77
72.90
6.77
63^43
1979
January
February
March
8.22
SD9.80
22! 58
esies
9.55
70J5
73^8
r23.48
r77.10
1980
January
February
March
April
May
June ....
Bp3Q*.48
(fc&p85:i2
July
August
September
October
November
December
NOTE: Series are seasonally adjusted except those series that appear to contain no seasonal movement. Unadjusted series are indicated by (g). Current high values are indicated by[H); for
series that move counter to movements in general business activity, current low values are indicated by (fi). Series numbers are for identification on y and do not reflect series relationships or
order. Complete titles and sources are shown at the back of the book. The "r" indicates revised; "p", preliminary;"e", estimated; "a", anticipated; and "NA", not available.
Graphs of these series are shown on pages 12, 23, and 24.
*This is a copyrighted series used by permission; it may not be reproduced without
written permission from McGraw-Hill Information Systems Company, F.W. Dodge Division. Converted to metric units by the Bureau
3
of Economic Analysis. See "New Features and Changes for This Issue," page iii.
66
MAY 1980
CYCLICAL INDICATORS
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Con.
MAJOR ECONOMIC
PROCESS
|M FIXED CAPITAL INVESTMENT-Con.
Minor Economic
Process
Residential Construction
Commitments and Investment
Business Investment Expenditures
C, Lg, Lg
C, Lg, Lg
61. Business
expenditures
for new plant
and equipment,
total
39. Machinery
and equipment
sales and business
construction
expenditures
(Ann. rate,
bil.dol.)
{Ann. rate,
bil.dol.)
Timing Class
Year
and
month
C, Lg, U
C, Lg, C
Lg, Lg, Lg
C,Lg,C
76. Index of
Nonresidential fixed investment in 1972 dollars
industrial production, business
86. Total
equipment
87. Structures
88. Producers'
durable equip.
(1967=100)
(Ann. rate,
bil.dol.)
(Ann. rate,
biJ.dol.)
{Ann. rate,
bil.dol.)
L, L,L
28. New
private housing
units started,
total
(Ann. rate,
thous.)
L, L, L
29. Index of
new private
housing units
authorized by
local building
permits
(1967=100)
L,L,L
89. Residential
fixed investment, total, in
1972 dollars
{Ann. rate,
bil.dol.)
Revised1
1978
January
February
March
144^25
204.83
208.76
213.36
152.0
153.6
156.5
133J
40*2
93.0
April
May
June
150^76
222.67
221.33
228.72
158.0
158.4
160.1
14CL3
43!9
July
August
September
issiii
230.93
236.87
245.84
161.7
163.4
163.8
ui!6
163^96
246.34
249.69
252.54
164.8
165.0
166.8
January
February
March
165i94
256.02
255.13
267.91
April
May
June
173.'48
July
August
September
1,779
1,762
2,028
139.2
137.7
140.7
59^4
96^4
(B>2,182
2,018
2,092
154.6
141.8
H>160.2
Deo
45! i
96^5
2,090
1,983
2,014
142.6
138.6
148.5
66!2
145^5
46^5
98^9
2,001
2,111
2,052
148.2
144.5
147.6
eoio
168.1
169.0
170.8
147^2
45*.8
1 01 '. 3
1,727
1,469
1,800
117.2
115.1
130.9
57!?
259.58
267.28
265.15
168.7
171.4
171.5
146^9
47^9
99^6
1,750
1,801
1,910
122.5
130.7
132.4
56^7
179.33
273.38
277.86
278.42
171.4
171.5
173.6
15CL7
48.*7
[fi)ioi.9
1,764
1,788
1,874
123.4
133.6
143.4
56!5
•H>186.*95
284.07
277.88
286.35
172.0
172.5
174.1
iso.'s
5(X.i
100.'4
1,710
1,522
1,548
124,6
102.0
100.5
55^8
January
February
March
a!89!49
298.61
300.62
DP300.85
H75.0
[R>rl75.7
r!75.5
B>56!5
rioi.'e
1,419
H,330
1,041
102.1
|H>rl52.'l
April
May
June
pi, 019
64.1
a193;83
July
August
September
a20l!ii
October
November
December
. ...
1979
October
November
December
....
1980
(NA)
p!75.0
92.2
75.3
r52.'6
October
November
December
NOTE: Series are seasonally adjusted except those series that appear to contain no seasonal movement. Unadjusted series are indicated by @. Current high values are indicated by[H); for
series that move counter to movements in general business activity, current low values are indicated by (H). Series numbers are for identification only and do not reflect series relationships or
order. Complete titles and sources are shown at the back of the book. The "r" indicates revised; "p", preliminary; "e", estimated; "a", anticipated; and "NA", not available.
Graphs of these series are shown on pages 13, 24, and 25.
x
See "New Features and Changes for This Issue," page iii.
MAY 1980
67
CYCLICAL INDICATORS
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Con.
MAJOR ECONOMIC
PROCESS
^J INVENTORIES AND INVENTORY INVESTMENT
Minor Economic
Process
Inventory Investment
UL.L
Timing Class
Year
and
month
L, L,L
3B. Change in inventories.on
30. Changs in
hand and on order in 1972
business invendollars
tories in 1972
dollars
Monthly
Smoothed
data
data1
(Ann. rate,
bit. dot.)
(Ann. rate,
hil.dui.)
(Ann. rate,
bil.dol.)
Revised2
Revised2
Inventories on Hand and on Order
L, I, L
L, L, L
31. Change
in book value
of mfg. and
trade inventories, total
38. Change
in stocks of
materials and
supplies on
hand and on
order, mfg.
(Ann. rate,
bil.dol.}
{Bil.dol.)
lg, Lg, Lg
Lg, Lg, Lg
Lg, Lg, Lg
Lg, Lg, Lg
Manufacturng and trade
inventories
71. Current
dollars
(Bil.dol.)
65. Mfrs/
inventories of
finished
70. Constant goods, hook
(1972) dollars value
(Bil.dol.)
Revised2
(Bil. dol.)
Revised
77. Ratio,
constantdollar inventories to
sales, mfg.
and trade
L, Lg, Lg
78. Stocks of
materials and
supplies on
hand and on
order, rnfg.
(Ratio)
(Bil. dol.)
2
Revised 2
1978
January
February
March
16^5
April
May
June
21.07
13.75
D35.22
16.33
18.36
20.35
43.9
36.6
61.0
0.48
1.41
1.81
340.85
343.90
348.98
238.18
238.92
241.23
59.76
59.78
60.24
1.61
1.58
1.57
144.38
145.80
147.60
isle
28.69
18.05
14.51
24.62
[H)26.60
23,87
62.8
33.8
34.0
1.84
2.00
2.32
354.21
357.02
359.86
242.94
243.93
244.65
60.71
61.03
61.45
11.55
1.56
1.56
149.44
151.45
153.76
July
August
September
12^2
14.94
18.77
14.06
18.12
15.95
16.00
37.4
43.2
35.6
1.95
1.64
2.94
362.98
366.58
369.54
245.54
246.77
247.13
61.85
62.65
62.74
1.58
1.56
1.57
155.71
157.35
160.29
October
November
December
izio-
14.46
18.32
19.09
15.84
15.69
16.45
41.5
51.9
36.2
2.19
3.19
2.84
373.01
377.33
380.35
247.88
249.09
249.59
62.75
63.64
63.88
1.55
1.55
1.55
162.48
165.67
168.52
12.*3
28.12
14.56
13,64
19.57
21.22
19.68
57.5
47.9
40.0
D5.09
3.70
2.98
385.14
389.14
392.47
250.98
251.38
252,24
64.70
65.51
65.88
1,56
1.58
1.54
173.60
177.30
180.29
B>18.1
28.62
-1.31
20.72
18.86
16.29
14.83
70.1
46.1
59.6
4.33
0.52
2.59
398.31
402.15
407.12
253.80
254.71
256.18
67.08
67.22
68.08
1.61
1.57
1.62
184.62
185.14
187.73
24.47
15.32
15.25
1.24
2.21
1.74
414.02
417.79
418.66
258.92
S>259.42
257.63
68.62
68.95
69.87
1.62
1.62
1.61
188.97
191.18
192.93
2.24
2.52
1.51
423.01
425.87
426.64
258.18
258.13
257.32
69.75
69.94
70.53
J.62
1.63
1.62
195.16
197.69
199.20
2.48
2.54
1.21
431.52
r435.07
[H>p437.62
r257.47
r256.82
P256.31
71.78
72.76
D73.94
1.59
r42.6
p30.5
rl.62
201.67
204.22
ED205.43
(NA)
(NA)
1979
January
February
March
April
May
June
July
August
September
?!l
2.46
-21.16
October
November
December
l'.'4'
8.90
-4.33
-8.72
-13.45
-2.88
-9.54
-10.12
-9.02
-15.92
p-7.30
-9.62
-11.60
p-11.77
fi>82.8
io!s
52.2
34.3
9.3
1980
January
February .
March
r-l'.*9
April ...
May
June
July
August .
September
(NA)
(NA)
58.6
(NA)
(NA)
(NA)
DPI -65
(NA)
(NA)
...
October
November
December
NOTE: Series are seasonally adjusted except those series that appear to contain no seasonal movement. Unadjusted series are indicated by (3). Current high values are indicated by[R); for
series that move counter to movements in general business activity, current low values are indicated by [R). Series numbers are for identification only and do not relleet series relationships or
order. Complete titles and sources are shown at the back of the book. The "r" indicates revised; "p", preliminary; "e", estimated; "a", anticipated; and "NA", not available.
Graphs of these series are shown on pages 13. 15, 26, and 27.
1
Series is a weighted 4-term moving average (with weights 1,2,2,1) placed at the terminal month of the span.
a
See "New Features and Changes for This Issue," page iii.
68
MAY 1980
CYCLICAL INDICATORS
B I
CYCLICAL INDICATORS BY ECONOMIC PROCESS —Con.
MAJOR ECONOMIC
PROCESS
PI PRICES, COSTS, AND PROFITS
Minor Economic
Process
....
Timing Class
U, L, L
L,L, L
....
92. Change in sensitive prices
Year
and
month
Stock
Prices
Sensitive Commodity Prices
Monthly
data2
Smoothed
data3
(Percent)
(Percent)
23. Index of
industrial
materials
prices®
(1967=100)
L, L, L
19. Index of
stock prices,
500 common
stocks ©
(1941-43-10)
Profits and Profit Margins
L, L, L
L, L,L
Corporate profits after taxes
16. Current
dollars
(Ann. rate,
bil.dol.)
18. Constant
(1972) dollars
{Ann. rate,
bil.dol.)
UC.L
L, C, L
Corporate profits after taxes
with IVA and CCA 1
79. Current
dollars
(Ann. rate,
bit.dol.)
80. Constant
(1972) dollars2
(Ann. rate,
bil.dol.)
L, L, L
22. Ratio,
profits {after
taxes) to total
corporate
domestic income
(Percent)
1978
January
February
March ..
April
May ....
June
....
July
August
September
October .
November
December
....
..
0.74
0.27
0.94
1.47
1.36
0.90
219.7
219.9
219.8
90.25
88.98
88.82
106\7
71 !z
7CL4
47^4
1.36
0.82
1.82
0.75
0.95
1.19
220.3
217.8
222.1
92.71
97.41
97.66
122^4
79^9
84!7
55!7
l6!7
2.45
0.03
1.37
1.51
1.56
1.36
224.7
232.6
239.1
97,19
103.92
103.86
124^6
79^7
87^7
56\7
l6!7
1.32
1.60
1.22
1.09
1.17
1.40
249.4
254.8
251.8
100.58
94.71
96.11
132^3
83^2
S>B9J
56\9
ii!6
1.77
2.92
3.04
1.45
1.75
2.27
258.3
273.5
288.5
99.71
98.23
100.11
142 .'6
87.'3
sj'.'e
54.*4
n'.*4
-0.35
2.85
2.93
2.22
1.86
1.83
294.5
293.8
293.9
102.07
99.73
101.73
139!3
83.*7
87^9
53^4
ii!6
1.63
1.09
3.47
2.14
2.18
1.97
297.3
298.1
297.3
102.71
107.36
108.60
148!3
86.9
86\8
5K5
llig
2.63
1.92
2.23
2.54
84,"7
80.3
r2.48
104.47
103.66
107.78
146 ,*9
r2.33
307.7
304.0
309.6
46.9
n.o
r3.45
r2.43
fi>2.72
r2.31
316.2
1)322.5
316.9
110.87
D115.34
104.69
[H>pl55.'5
Dp87.'6
p70.'l
p40J
9.9
1979
January
February
March
....
April
May
June ....
. ..
July
August
September
. .
....
October
November
December
....
....
1980
January
February
March
April ...
May ...
June ...
2.83
-1.05
-0.63
1.06
301.9
"280.3
S
i>pii.*4
102.97
107.25
....
July
August
September
...
....
October .
November
December
....
....
NOTE: Series are seasonally adjusted except those series that appear to containno seasonal movement. Unadjusted seriesare indicated by (g>. Current high values are indicated by(R>; for
series that move counter to movements in general business activity, current low values are indicated by |R). Series numbers are for identification only and do not reflect series relationships or
order. Complete titles and sources are shown at the back of the book. The "r" indicates revised; "p", preliminary; "e", estimated; "a", anticipated; and "NA", not available.
Graphs of these series are shown on pages 13, 28, and 29.
*IVA, inventory valuation adjustment; CCA, capital consumption adjustment. 2Series
reaching highs before 1978: series 92 (monthly), February 1977 C4.95); series 80, 3d quarter 1977 (60.3). 3See footnote 1 on
page 68. ''Average for May 6, 13, and 20. ^Average for May 7, 14, and 21.
MAY 1980
69
CYCLICAL INDICATORS
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Con.
MAJOR ECONOMIC
PROCESS
Minor Economic
Process
^9 PRICES, COSTS, AND PROFITS-Con.
Profits and Profit Margins-Con.
Timing Class
Year
and
month
U, L, L
L, L, L
81. Ratio,
profits (after
taxes) with IVA
and CCA to
corp, domestic
income1 2
15. Prof its {after
taxes) per dollar
of sales, all
manufacturing
corporations
(Percent)
(Cents)
L,L,L
L,L, L
L, L,L
26. Ratio, price
Net cash flow, corporate
to unit labor
cost, nonfarm
35. Constant
business sector 2 34. Current
(1972) dollars
dollars
(1967=100)
(
1978
Unit Labor Costs and Labor Share
Cash Flows
3
(Ann. rate,
bil.dol.)
(Ann. rate,
bil.dol.)
Lg, Lg, Lg
63. Index of
unit labor cost,
private business
sector
(1967-100)
(
)
9
Lg, Lg, LCI
68. Labor co:;t
per unit of real
gross domestic
product; nonfinancial
corporations
(Dollars)
Lg, Lg, Lg
Lg, Lg, Lg
62. Index of
labor cost per
unit of output,
manufacturing
64. Compensation of employees as a percent
of national
income 2
(1967-100)
(Percent)
)
January
February
March
6.*2
5.'6
94.'?
178J
lli!4
189)4
1.002
161.5
163.9
164.4
76.*7
April
May
June
7J
5!4
95^8
195!5
12315
192il
1.009
163.1
163.2
163,3
75^6
July
Auqust
September
Y.2
5!5
9o!6
197.'3
122)5
195!2
1.024
163.6
163.1
163.9
75!4
October
November
December
Y.2
s!7
9o!6
205!}
125!8
199!6
1.042
164.9
166.6
167.8
75^6
January
February
March
6.6
D5.*9
94*. 7
216!6
129!8
205.' 9
1.075
170.6
171.8
172.0
75.*5
April
May
Jung
6\6
5^6
94^4
217.1
127)4
21li7
1.104
175.2
173.3
174.0
75!9
July
August
September
o!6
5.*8
94*2
228 '.3
i>i36)5
217!6
1.127
175.0
176.4
176.7
7s!s
October
November
December
5*, 5
5*.4
94*. 6
227,7
127.5
221,1
1.152
178.4
179.5
rlS'l. 9
76.0
r93.6
H>p236!2
plSo'.O
[H>r227!5
E>pl.l82
r182.6
H85.Q
H87.6
p76'.5
1979
1980
January
February
March
....
April
May
June ....
p4!5
(NA)
B>pl89.3
...
July
August
September
October
November
December
....
NOTE: Series are seasonally adjusted except those series that appear to contain no seasonal movement. Unadjusted series are indicated by ®. Current high values are indicated by [ft); for
series that move counter to movements in general business activity, current low values are indicated by |R). Series numbers are for identification only and do not reflect series relationships or
order. Complete titles and sources are shown at the back of the book. The "r" indicates revised; "p", preliminary; "e", estimated; "a", anticipated; and "NA", not available.
Giaphsof these series are shown on pages 15, 29, and 30.
^VA, inventory valuation adjustment; CCA, capital consumption adjustment. 2Series
reaching highs before 1978: series 81, 3d quarter 1977 (8.1); series 26, 3d quarter 1975 (98.1); series 64, 4th quarter 1976
(76.81. 3See "New Features and Changes for This Issue," page iii.
70
MAY 1980
KCII
CYCLICAL INDICATORS
B
CYCLICAL INDICATORS BY ECONOMIC PROCESS —Con.
MAJOR ECONOMIC
PROCESS
IH MONEY ANDCREOIT
Minor Economic
Process
Timing Class
Year
and
month
Velocity of Money
Money
.U L,L
L,C,U
85. Change in
money supply
(Ml-B)
102. Change
in money
supply (M2) 1
104. Change in total liquid assets
Monthly
data
(Percent)
(Percent)
L,L,L
L,L,L
Smoothed
data 2
(Percent)
(Percent)
L,L,L
106. Money
105. Money
supply(Ml-B) supply (M2)
in 1972
in 1972
dollars
dollars
(Bil.dol.)
(Bil.dol.)
C, C,C
107. Ratio,
gross national
product to
money supply
(Ml-B)
(Ratio)
C, Lg, C
Credit Flows
L,L,L
33. Net change
108. Ratio,
personal income in mortgage debt
to money supply held by financial
institutions and
(M2)
life insurance
companies
(Ann. rate,
(Ratio)
bil.dol.)
1978
January
February
March
1.11
0.00
0.48
0.66
0.41
0.64
0.83
0.82
1.08
0.99
0.93
0.89
H>224.3
223.0
222.3
® 869.1
867.6
866.3
5.974
1.243
1.247
1.257
82.43
85.03
89.80
April
May
June
1.12
0.88
0.70
0.65
0.66
0.62
1.06
1.11
0.79
0.95
1.03
1.03
223.2
223.4
223.0
865.6
864.5
862.3
6.110
1.265
1.265
1.270
85.40
93.48
89.80
July
August
September
0.40
0.43
1.11
0.57
0.78
0.93
0.81
1.03
1.18
0.94
0.89
0.94
222.4
222.0
222.5
861.5
863.0
863.5
6.158
1.282
1.280
1.279
89.15
101.17
92.98
October
November
December
0.20
0.79
0.73
0.79
0.79
0.44
0.68
1.33
0.93
0.98
1.01
1.02
221.1
221.4
221.6
863.0
864.3
862.5
6.258
1.287
1.292
1.304
94.51
94.62
91.61
0.03
0.19
0.89
0.41
0.45
0.89
0.57
0.80
1.19
0.96
0.85
0.81
219.6
217.6
217.3
858.0
852.3
851.3
6.341
1.304
1.310
1.313
101.09
82.72
88.44
1.12
0.93
1.30
0.94
1.06
218.7
216.3
216.9
852,0
848.0
848.7
6.276
1.30
1.04
0.56
1.12
1.306
1.306
1.301
75.26
92.33
95.14
July
August
September
0.99
0.71
0.66
0.81
0.89
0.68
0.70
0,85
1.05
0.96
0.96
216.8
216.1
215.0
846.7
845.6
841.5
6.297
1.309
1.307
1.307
98.02
84.70
87.42
October
November
December
0.18
0.36
0.62
0.50
0.48
0.64
0.58
0.42
0.72
0.95
0.86
0.68
213.3
211.9
210.7
837.5
833.1
828.2
6.372
1.314
1.324
1.331
(H>107.34
74.28
52.14
pO.34
rpO.98
rp-0.10
pO.56
rpO.89
rpO,29
rO.69
rl.04
rO.73
rO.71
rO.82
p208.5
p207,7
p204.5
P821.5
rp817.6
rp808.4
[H>rp6.428
pi.. 335
r pi. 329
rpl.334
r85.49
r67.22
P64.00
p-1.22
3
-0.89
p-0.23
eO.03
eO.71
p200.2
P799.2
1979
January
February
March
....
April
May
June
E>1.59
-0.05
(H)1.35
EXUO
1980
January
February
March
April
May
June
July
August
September
0.59
Dpi. 338
(NA)
. ...
October
November
December
series that
order. Complete titles ar
Graphs of these series are shown on pages 13, 31, and 32.
t
Series 102 reached its high value (1.64) in June 1975. 2See footnote 1 on page 68. 3Average for weeks ended May 7 and 14.
HCII
MAY 1980
71
CYCLICAL INDICATORS
B
CYCLICAL INDICATORS BY ECONOMIC PROCESS-Con.
MAJOR ECONOMIC
PROCESS
RM MONEY AND CREOIT-Con.
Minor Economic
Procsss
Timing Class
Year
and
month
Credit Flows-Con.
L, L, L
112. Net change
in bank loans
to businesses
(Ann, rate,
bil.dol.)
L, L, L
113. Net
change in
consumer installment
debt
(Ann. rate,
bil.dol.}
L,L,L
110. Total
private
borrowing
(Ann. rate,
mil. dol.)
L,L, L
14. Current
liabilities
of business
failures© 1
(Mil. dol.)
Interest Rates
Bank Reserves
Credit Difficulties
L, L, L
L, U,U
39. Delinquency 93. Free
rate, 30 days
reserves ®
and over, consumer installment loans
(Percent)
(Mil. dol.)
L, Lg, U
94. Member
bank borrowing from the
Federal
Reserve ©
(Mil.dol.)
C, Lg, Lg
L, Lg, Lg
119. Federal
funds rate®
114. Treasury
bill rate®
(Percent)
(Percent)
1978
January
February
March
17.21
19.97
29.24
34.34
48.91
309,956
April
May
Jung
18.10
26.24
21.96
49.27
51.36
50.48
July .
Autjust
September
13.61
11.78
13.92
October
November
December
10.90
9.76
8.77
-0.94
168.31
205.01
324.41
2.42
2.48
2.51
-176
-272
336,240
202.99
160.40
178.84
2.44
2.28
2.44
-475
-975
-974
41.59
43.58
44.16
231.82
206.40
127.02
2.42
2.37
2.42
-1,146
345.916
40.51
45.98
52.79
475,34
178.93
196.54
2.35
2.34
2.45
-1,049
394,41*2
r 348 ,660
182.22
177.09
187.76
481
405
344
6.70
6.78
6.79
6,45
6.46
6.32
539
1,227
1,111
G,89
7.36
7.60
6.31
6,43
6.71
1,286
1,147
1,068
7.81
8.04
8.45
7.07
7,04
7.84
-417
-749
1,261
722
874
8.96
9,76
10.03
8.13
8.79
9.12
-692
-764
-742
994
973
999
10.07
10.06
10.09
9.35
9.27
9,46
-899
897
1,777
1,396
10.01
10.24
10.29
9.49
9,58
9.05
1,179
1,097
1,344
10.47
10.94
11.43
9.26
9.45
10.18
P 2,022
-38
-885
-993
1979
January
February
March
39.31
33.07
5.76
36.80
42.76
43.50
April
May
Jung
39.62
31.99
23.23
49.26
39.67
30.70
r363,112
242.76
200.45
273.17
2.43
2.37
2.45
July
August
September
40.55
30.54
43.36
29.32
29.35
(H}53.35
Br424,672
r212,20
r287.44
186.20
2.45
2.47
2.59
-1,339
October
November
December
26.23
28.88
16.19
395.75
-21.10
r295,832
2.45
2.50
2,64
P-1,601
p-1,699
p-95?
pi ,908
j> 1,454
13.77
13.18
13.78
11.47
11.87
12.07
16.46
r27 . 54
17.21
p364,028
2.37
2.32
2.53
p-949
p-1,490
•H>P-2,383
pi ,264
pi, 660
Dp2»828
13.82
14.13
17.19
12.04
12.81
H>15.53
p-2,352
3
-857
p2,443
3
1,063
E>17.61
3
11.51
14.00
"9.52
3.72
4.55
(NA)
1)2.12
2.31
2,33
-1,490
-1,175
-989
-904
1980
January
February
March , . .
April .
May
June . .
B>55.48
35.83
-1.52
2.58
2
-29.20
(NA)
(NA)
July
August
September
October
November
December
NOTE: Series are seasonally adjusted except those series that appear to contain no seasonal movement. Unadjusted series are indicated by ©. Currant high values are indicated by ED; for
series that move counter to movements in general business activity, current low values are indicated by 0). Series numbers are for identification only end do not reflect series relationships or
order. Complete titles and sources are shown at the back of the book. The "r" indicates revised; "p"( preliminary; "e", estimated; "a", anticipated; and "N A", not available.
Graohsof these serins are shown on pages 32, 33, and 34.
1
2
Series 14 reached its high value (96.99) in September 1977.
Average for weeks ended May 7 and 14,, 3Average for weeks ended
May 7, 14, and 21. 4Average for weeks ended May 1, 8, and 15.
72
MAY 1980
CYCLICAL INDICATORS
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Con.
MAJOR ECONOMIC
PROCESS . ..
^B MONEY AND CREDIT-Con.
Minor Economic
Process
Timing Class
Interest Rates-Con.
Lg, lg, Lg
C, Lg, Lg
U, Lg, Lg
116. Corporate
bond yields©
11 5. Treasury
bond yields®
117. Municipal
}ond yields®
(Percent)
(Percent)
(Percent)
Year
and
month
Outstanding Debt
Lg, Lg, Lg
Lg, Lg, Lg
Lg, Lg, Lg
11 8. Secondary 67. Bank rates
on short-term
market-yields
onFHA
business loans
mortgages®
®
109. Average
prime rate
charged by
banks®
(Percent)
(Percent)
(Percent)
Lg, Lg, Lg
66. Consumer
installment
debt
(Mil.dol.)
Lg, Lg, Lg
Lg, Lg, Lg
72. Commercial 95. Ratio,
consumer inand industrial
stallment debt
oans outstanding, weekly :o personal
reporting large
ncome
commercial
banks
(Percent)
{Mil.dol.)
1978
January
February
March
8.70
8.70
8.70
7.51
7.60
7.63
5.71
5.62
5.61
9.18
(NA)
9.35
slgo
7.93
8.00
8.00
225,714
228,576
232,652
118,248
119,682
121,346
13.95
14.01
14.06
April
May
June
8.88
9.00
9.15
7.74
7.87
7,94
5.80
6.03
6.22
9.44
9.74
(NA)
s!%
8.00
8.27
8.63
236,758
241,038
245,245
122,854
125,041
126,871
14,12
14.29
14.39
July
August
September
9.27
8.83
8.78
8.10
7.88
7.82
6.28
6.12
6.09
9.96
9.81
9.81
9^92
9.00
9.01
9.41
248,711
252,343
256,023
128,005
128,987
•130,147
14.38
14.49
14.58
9.14
9.30
9.30
8.07
8.16
8.36
6.13
6.19
6.50
9.94
10.04
10.23
1K44
10.94
11.55
259,399
263,231
267,630
131,055
131,786
131,708
14.56
14.61
14.65
January
February
March
9.47
9.52
9.65
8.43
8.43
8.45
6.47
6.31
6.33
10.24
10.24
10.26
12!27
11.75
11,75
11.75
270,697
274,260
277,885
134,984
137,740
138,220
14.76
14.81
14.84
April
May
June
9.69
9.82
9.51
8.44
8.55
8.32
6.29
6.25
6.13
10.61
10.49
12^34
11.75
11.75
11.65
281 ,990
285,296
287,854
141,522
144,188
146,124
14.99
15.08
15.11
July
August
September
9,47
9.57
9.87
8.35
8.42
8.68
6.13
6.20
6.52
10.46
10.58
11.37
12131
11.54
11.91
12.90
290,297
292,743
297,189
149,503
152,048
155,661
15.02
15.04
(H>15.16
October
November
December
11.17
11.52
11.30
9.44
9.80
9.58
7.08
7.30
7.22
12.41
12,24
iEDisisi
14.39
15.55
15.30
299,375
301,782
303,131
155,971
154,213
154,592
15.11
15.05
14.95
15*. 67
15.25
15.63
18.31
304,503
r306,798
1)308,232
159,215
162,201
162,074
14.88
r!4.92
p!4.89
....
....
October
November
December
9.98
1979
(NA)
(NA)
1980
January
February
March
April
May
June
11.65
13.23
E>14.08
10.03
11.55
E>11.87
13.36
Ml. 64
10.83
X
9.89
7.35
8.16
E>9.17
2
8.63
7.56
12.60
(NA)
H> 14.63
13.45
ID19.77
9
16.92
(NA)
[H>pl62,289
"159,856
(NA)
July
August
September
October
November
December
NOTE: Series are seasonally adjusted except those series that appear to containno seasonal movement. Unadjusted series are indicated by ®. Current high values are indicated by[H); for
series that move counter to movements in general business activity, current low values are indicated by (H>. Series numbers are for identification only and do not reflect series relationships or
order. Complete titles and sources are shown at the back of the book. The "r" indicates revised; "p", preliminary; "e", estimated; "a", anticipated; and "NA", not available.
Graphs of these series are shown on pages 15, 34, and 35.
'Average for weeks ended May 2, 9, 16, and 23. 8Average for weeks ended May 1, 8, 15, and 22. 3Average for May 1 through 27.
''Average for weeks ended May 7 and 14.
ItCII
MAY 1980
73
CYCLICAL INDICATORS
DIFFUSION INDEXES AND RATES OF CHANGE
^J DIFFUSION INDEXES
950. Twelve leading
indicator components
(series 1,3, 8, 12, 19,
20,29,32,36,92,104,
106}
Year
and
month
951. Four roughly
coincident indicator
components (series
41,47,51,57)
952. Six lagging
indicator components
(series 62, 70, 72, 91,
95, 109)
961. Average workweek
of production workers,
manufacturing (20
industries)
962. Initial claims for
State unemployment
insurance, week including the 12th
(51 areas)
1-month
span
6-month
span
76.5
56.9
47,1
158.3
159.2
69.5
83,1
79.1
77.6
82.4
11.8
58.8
52.9
60.8
60.8
68.0
57.8
66.6
73.5
72.7
71.2
87.5
50.0
42.5
49.0
42.2
94.1
51.0
76.5
15.7
(54.5
60.5
62.5
73.0
77.3
79.7
47.5
70.0
52.5
60.0
65.0
25.5
29,4
86.3
51.0
66.7
29.4
73.0
75.9
74.4
82.3
82.3
80,5
100.0
100.0
100.0
55.0
37.5
60.0
20.0
15.0
11.8
72.5
68.6
46.1
27.5
23.5
70.3
65,1
60.5
74.1
67.4
61.9
91.7
75.0
83.3
83.3
100.0
100.0
90.0
32.5
10,0
30.0
22.5
66.7
66.7
56.9
49.0
31.4
44.8
54.7
57,0
58,1
50.3
46.8
100.0
50,0
75.0
66.7
83.3
75.0
100.0
83.3
75.0
62.5
35.0
72.5
37.5
30.0
90.0
35.3
56.9
86.3
21.6
r23.5
r49.0
61.6
48.8
46.8
56.1
55.8
57.6
75.0
75.0
25.0
83.3
41.7
50.0
50,0
58.3
50.0
47,5
62.5
52.5
r47.5
r27.5
p!7.5
53.9
68.6
69.8
59.9
59.0
r65.7
r62.2
33.3
58.3
66.7
33,3
"75.0
P45.6
1 -month
span
6-month
span
1-month
§pan
9-month
span
1-month
span
100.0
100.0
100.0
100.0
100.0
91.7
100.0
100.0
100.0
0.0
77.5
92.5
82.5
70.0
55.0
33.3
47.1
54.9
100.0
50.0
75.0
100,0
100.0
100.0
66.7
100.0
91.7
100.0
83.3
83.3
75.0
15.0
52.5
45,0
65.0
95.0
62.5
83,3
66.7
75.0
100.0
62.5
100.0
100.0
100.0
83,3
83.3
83.3
100.0
100.0
100.0
50.0
42.5
65.0
54.2
37,5
66 ,,7
66.7
66.7
50.0
100.0
100.0
100.0
100.0
100.0
100.0
66,7
100.0
83.3
100.0
100.0
83.3
58.3
41,7
66,7
33.3
41.7
41.7
25.0
75.0
100.0
75.0
87.5
50.0
83.3
75.0
75.0
25.0
45.8
50,0
41.7
33.3
29.2
12.5
75.0
75.0
75.0
50.0
25.0
July
August
September
r41,7
r25.0
62.5
54.2
33.3
r41.7
100,0
50.0
50.0
October
November
December
20,8
16.7
50.0
41.7
54.2
18.2
50.0
50.0
100,0
10.0
75.0
25.0
0.0
1-month
span
6-month
span
1-month
span
January
February ,
March
45.8
62,5
41.7
58.3
54.2
58.3
25.0
75.0
100.0
April
May
June
. .
66.7
54,2
62,5
54.2
50.0
58.3
July .
August
September
45.8
50.0
62.5
October
November
December
963. Number of employees on private
noritigricultural payrolls
(172 industries)
6-month
span
9-month
span
1978
....
5,0
1979
January .
February
March ....
....
....
April
May
June
1
0.0
7.5
7.8
8.8
35.3
p33,3
(NA)
61.6
1980
January
February
March .....
....
50.0
33.3
*27.3
2
April
May
June
0.0
2
3
0.0
3
*75.0
65.0
r25.5
63.4
r27.5
60.8
rO.O
p46.1
r55.8
r45.1
p30.0
(NA)
p27.9
July
August
September
October
November
December
....
....
NOTE: Figures are the percent of series components rising. (Half of the unchanged components are counted as rising.) Data are centered within the spans: 1-month indexes are placed on
Ithe 2d month, 6-month indexes on the 4th month, and 9-month indexes on the 6th month of the span. Diffusion indexes 961, 962, and 963 are computed from seasonally adjusted components; indexes 950, 951, and 952 ore computed from the components of the composite indexes. The "r" indicates revised; "p", preliminary; and "NA", not available.
Graphs of these series are shown on page 36.
1
Excludes series 12 for which data are not yet available.
2
Exeludes series 12 and 36 for which data are not yet available.
3
Exeludes series 57 for which data are not yet available.
^Excludes series 70 and 95 for which data are not yet available.
74
MAY 1980
BCD
CYCLICAL INDICATORS
C
I
DIFFUSION INDEXES AND RATES OF CHANGE—Con.
JBI DIFFUSION INDEXES-Con.
964. Value of manufacturers' new orders,
durable goods industries (35 industries)
Year
and
month
1 -month
span
9-month
span
965. Newly approved
capital appropriations,
deflated, The
Conference Board
(17 industries)
1 -quarter
span
4-Q movingavg.
966. Index of industrial
production (24
industries)
1 -mo nth
span
6-month
span
967. Index of industrial
materials prices ®
(13 industrial materials)
1 -month
span
9-month
span
968. Index of stock
prices, 500 common
stocks l ©
1-month
span
9-month
span
960. Net profits,
manufacturing 2 ®
(about 700 companies)
1 -quarter
span
4-quarter
span
Revised7 Revised7
1978
37.1
60.0
45.7
85.7
91.4
80.0
62
April
May
June
74.3
42.9
57.1
85.7
80.0
94.3
27
July
August
September .
48.6
80.0
65.7
88.6
80.0
88.6
59
77.1
45.7
62.9
91.4
97.1
91.4
50
62.9 '
45.7
62.9
82.9
80.0
61.4
53
25.7
62.9
51.4
65.7
62.9
60.0
45
42.9
54.3
45.7
75.7
39
62.9
62.9
48
January
February
March
,
. . .
October
November
December
3
66.7
66.7
3
58.3
30.6
50.0
"49,1
A
62.1
'69.8
*78
50.0
61.5
80.8
69.2
80.8
84-. 6
90.7
90.7
59.3
"82.8
"86.2
"87.7
*78
87.5
87.5
91.7
65.4
69.2
76.9
88.5
92.3
88.5
28.8
98.3
37.3
"70.2
"67.5
"68.4
'so
87.5
77.1
81.3
88.5
80.8
42.3
88.5
88.5
92.3
69.0
39.1
47.3
67.3
*74
*52
66.7
79.2
87.5
58.3
58.3
50.0
61.5
76.9
76.9
96.2
96.2
88.5
94.8
35.5
85.5
18.2
32.7
57.4
'71*
*47
54.2
52.1
66.7
56.3
54.2
45.8
69.2
42.3
53.8
80.8
84.6
80.0
16.4
90.0
90.7
88.9
75.0
*74
*46
16.7
64.6
66.7
p48
45.8
45.8
52.1
70.8
52.1
54.2
46.2
30.8
53.8
66.7
66.7
58.3
64.8
92.6
53.7
63.0
68.5
68.5
58.3
50.0
58.3
66.7
62.5
=62.5
5
61.5
76.9
5
66.7
58.3
58.3
38.0
95.4
*49
39.6
47.9
85.4
83.3
79.2
91,7
69.2
34.6
46.2
'BO
87.5
54.2
83.3
87.5
87.5
85.4
'48
70.8
83,3
70.8
3
8.1
8.6
0.0
1979
January
February
March
April
May
June
I
July
August
September
:
57.1
60.0
51.4
45.7
54.3
October .
November
December
p48.6
r45.8
5
91.7
3
S
5
5
3.7
...
(NA)
69.8
37,7
39.6
1980
72.9
42.9
34.3
January
February
March
April
,
May
p20.0
p59
r77.1
r25.0
r25.0
P 8.3
p31.2
50,0
73.1
61.5
11.5
6
56
54.2
74.1
52.8
3,8
26.4
15.4
June
July
August
September
October
November
December
NOTE: Figures are the percent of series components rising. (Half of the unchanged components are counted as rising.) Data are centered within the spans: 1-month indexes are placed on
the 2d month, 6-month indexes on the 4th month, and 9-month indexes on the 6th month of the span; 1 -quarter indexes are placed on the 1st month of the 2d quarter, 3-quarter indexes on
the 1st month of the 3d quarter, and 4-quarter indexes on the 2d month of the 3d quarter. Seasonally adjusted components are used except in index 968, which requires no adjustment, and
index 969, which is adjusted as an index (1-quarter span only). Unadjusted series are indicated by (3). The 'Vindicates revised; "p", preliminary; and "NA", not available.
Graphs of these series are shown on page 37.
1
Based on 62 industries through March 1978, on 59 industries through September 1978, on 58 industries through January 1979,
on 55 industries through June 1979, on 54 industries through January 1980, and on 53 industries thereafter. Data for component
industries are not shown in table C2 but are available from the source agency.
a
This is a copyrighted series used by permission; it may not be reproduced without written permission from Dun and Bradstreet,
Inc.
3
Based on 12 components (excluding print cloth).
"Based on 58 components for January 1978 through May 1978 and on 57 connponents through September 1978.
s
Based on 12 components (excluding rosin).
6
Average for May 6, 13, and 20. 7See "New Features and Changes for This Issue," page iii.
ltd*
MAY 1980
75
CYCLICAL INDICATORS
DIFFUSION INDEXES AND RATES OF CHANGE-Con.
DIFFUSION INOEXES-Con.
Year
and
quarter
a. Actual
expenditures
b. Later
anticipations
c. Early
anticipations
Anticipated
Actual
Anticipated
Actual
Anticipated
Actual
973. Net sales, manufacturing
and trade1 ®
972. Net profits, manufacturing
and trade1®
971. New orders, manufacturing1®
970. Business expenditures for new plant and
equipment {18 industries)
(4-Q span)
(4-Q span)
78
80
84
82
80
81
84
85
82
86
90
86
73
76
78
78
79
82
84
83
84
86
88
88
86
87
92
90
80
84
80
72
78
74
70
72
78
82
80
70
87
84
82
82
85
88
84
78
66
75
(NA)
66
73
(NA)
72
80
(1*Qspan)
(1-Qspan)
(1-Qspan)
{4-Q span)
(4-Q span)
(4-Q span)
66.7
75.0
88.9
44.4
61.1
72.2
69.4
58.3
66.7
66.7
66.7
72.2
80
83
82
82
80
86
88
84
71
74
74
76
61.1
88.9
61.1
66.7
77.8
69.4
63.9
72.2
61.1
66,7
61,1
69.4
83
86
86
86
82
83
88
86
66.7
77.8
83.3
77.8
66.7
72.2
66.7
72.2
55.6
72.2
69.4
77.8
85
81
73
78
(NA)
50.0
47.2
75.0
(NA)
{4-Q span)
1977
First quarter ..,
Second quarter
Third quarter...
Fourth quarter
1978
First quarter ..
Second quarter
Third quarter..
Fourth quarter
1979
First quarter ..
Second quarter
Third quarter..
Fourth quarter
1980
First quarter ..
Second quarter
Third quarter,.
Fourth quarter
DIFFUSION INDEXES-Con.
Year
and
quarter
974. Number of employees,
manufacturing and trade1®
975. Level of inventories,
manufacturing and trade1®
976. Selling prices, manufacturing1 ©
Actual
Actual
Actual
Anticipated
(4-Q span)
(4-Q span)
Anticipated
Anticipated
977. Selling prices, wholesale
trade 1 ®
Anticipated
Actual
{4-Q span)
{4-Q span)
(4-Q span)
(4-Q span)
(4-Q span)
(4-Q span)
978. S&lling prices, retail
trade1 ®
Actual
Anticipated
(4-Q span)
(4-Q span)
1977
First quarter ..
Second quarter
Third quarter..
Fourth quarter
60
59
61
62
59
60
61
59
74
72
74
75
65
68
72
70
86
86
87
87
78
81
86
82
87
86
88
90
80
86
86
84
90
86
92
92
86
84
89
62
64
64
63
59
60
62
62
76
76
76
78
67
70
73
74
87
88
90
91
82
84
87
87
92
93
94
84
90
87
90
91
94
94
93
90
88
92
92
62
60
60
58
60
60
58
56
80
76
73
75
70
74
71
68
92
93
92
94
86
88
88
86
96
95
95
96
88
90
92
90
94
95
94
96
90
92
92
90
(NA)
54
56
(NA)
62
70
(NA)
87
90
(NA)
90
92
(NA)
90
93
1978
First quarter ..
Second quarter
Third quarter..
Fourth quarter
1979
First quarter ..
Second quarter
Third quarter..
Fourth quarter
1980
First quarter ..
Second quarter
Third quarter..
Fourth quarter
NOTE: Figures are the percent of series components rising. (Half of the unchanged components are counted as rising.) Data are placed on the terminal month of the span. Series areieasonally adjusted except those, indicated by ® , that appear to contain no seasonal movement. The "r" indicates revised; "p", preliminary; and "NA", not available.
Graphs of these series are shown on page 38.
*This is a copyrighted series used by permission; it may not be reproduced without written permission from Dun and Bradstreet,
Inc. Dun and Bradstreet diffusion indexes are based on surveys of about 1,400 business executives.
76
MAY 1980
ItCII
CYCLICAL INDICATORS
DIFFUSION INDEXES AND RATES OF CHANGE—Con.
|H SELECTED DIFFUSION INDEX COMPONENTS: Basic Data and Directions of Change
Diffusion index components
1980
1979
September
October
November
December
January
Aprilp
Marchr
February
961. AVERAGE WORKWEEK OF PRODUCTION WORKERS, MANUFACTURING '
(Average weekly hours)
+
All manufacturing industries
40.2
o
(72)
Percent rising of 20 components
40.2
40.1
(48)
(62)
+
40,2
+
(52)
40.3
-
(65)
r40.1
39.8
39.6
(28)
(0)
(30)
Durable goods industries:
38.9
38.9
+
+
39.0
39.0
+
o
39,5
39.0
o
r39.1
r39.0
38.6
38.5
41.5
40.7
+
41.6
40.6
+
41.3
40.8
o
r41.0
r40.8
40.8
40.7
40.4
40.3
40.7
41.6
+
o
41.0
41.6
+
40.9
41.7
40.8
41.5
40.6
41.4
40.4
41.3
40.6
40.6
+
40.5
41.0
o
40.4
41.0
o
-
r40.4
r40.9
40.0
40.5
39.7
40.3
+
o
41.0
39.1
40.8
39.2
+
+
41.5
39.5
-
r40.9
r39.2
40.5
38.6
+
+
40.7
38.3
39.9
38.3
+
40.0
37.8
39.9
38.8
+
40.0
38.5
-
r39.6
r37.7
39.5
37.6
o
+
39.5
37.4
+
o
40.8
35.3
+
o
41.1
35.3
+
41.0
35.6
+
+
41.7
35.9
+
41.1
r36.0
40.8
35.4
42.4
37.5
+
-
42.6
37.4
+
+
42.7
37.6
42.9
37.4
+
42.8
37.8
r42.9
37.4
42.5
37.2
+
41.7
44.1
o
-
41.7
43.7
+
+
41,9
44.4
+
+
40.3
37.0
o
-
40.3
36.5
+
40.0
36.7
+
+
39.7
38.6
+
39.4
38.8
Stone clay and glass products
Primary metal industries
+
o
41.5
41.0
+
41.3
41.1
Fabricated metal products
Machinery, except electrical
+
+
40.7
41.9
+
-
40.9
41.6
Electrical equipment and supplies . . . .
Transportation equipment
+
-
40.3
40.6
o
+
40.3
41.3
+
Instruments and related products
Miscellaneous manufacturing industries . . .
+
o
40.6
39.1
+
o
40.7
39.1
+
+
40.0
38.6
-
Textile mill products
Apparel and other textile products . . . .
+
o
40.6
35.3
Paper and allied products
Printing and publishing
-
Lumber and wood products
Furniture and fixtures
. .
+
+
o
+
37.3
38.7
Nondurable goods industries:
Food and kindred products
Tobacco manufactures
Chemicals and allied products
PetrolBum and coal products
....
....
Rubber and plastic products, n.e c . . . .
Leather and leather products
+
+
41.7
43.5
+
39.9
36.9
+
+
77,199
+
+
39.7
35.6
42.6
37.0
42.0
36,6
+
41.9
40.4
41.8
40.3
40.6
37.2
39.9
r37.3
39.8
36.8
o
+
39.8
36.4
77,909
-
74,661
964.VALUEOFMANUFACTURERS'NEWORDERS,DURA8LEGOODSINDUSTRIES1
(Millions of dollars)
+
+
+
81,257
2
+
41.4
41.8
*
-
81,045
-
+ 77,647
- 76,521
(60)
(51)
Primary metals
.
Fabricated metal products
+ 11,923
- 8,913
+ 12,343
+ 9,426
-
11,748
9,004
+
11,502
9,685
+
-
13,533
9,092
+
13,086
10,223
-
11,141
9,738
-
10,157
9,021
Machinery, except electrical
Electrical machinery
+ 13,992
- 9,824
- 13,975
- 9,558
+
13,843
9,769
+
+
14,016
10,060
+
+
15,039
10,626
+
14,271
11,440
+
-
14,363
11,109
-
12,987
10,815
Transportation Equipment
Other durable goods industries
+ 18,023
+ 14,972
- 15,820
+ 15,399
+
-
16,555
14,984
+
-
16,970
14,966
+
16,448
16,519
-
16,005
16,020
+
-
16,345
15,213
+
-
17,505
14,176
All durable goods industries
Percent rising of 35 components
-
75,903
(46)
(43)
(73)
(54)
(34)
(20)
NOTE: To facilitate interpretation, the month-to-month directions of change are shown along with the numbers: {+) = rising, (o) - unchanged, and (-) ~ falling. This "r" indicates revised;
"p", preliminary; and "NA", not available,
1
Data are seasonally adjusted by the source agency.
2
Data for most of the 35 diffusion index components are not available for publication; however, they are included in the totals
and directions of change for the six major industry groups shown here.
3
Revised. See "New Features and Changes for This Issue/1 page iii.
MAY 1980
77
CYCLICAL INDICATORS
DIFFUSION INDEXES AND RATES OF CHANGE-Con.
R| SELECTED DIFFUSION INDEX COMPONENTS: Basic Data and Directions of Changa-Con.
1980
1979
Diffusion index components
December
November
October
September
Januaryr
Aprilp
Marchr
Februaryr
966. I N D E X O F INDUSTRIAL PRODUCTION 1
(1967=100)
+
All industrial production
Percent rising of 24 components*
Durable manufactures;
Primary and fabricated metals
Primary metals
Fabricated metal products
Machinery and allied goods
Nonelectrical machinery
Electrical machinery
Transportation equipment
Instruments
Lumber, clay, and glass
Clay, glass, and stone products
I umber and products
Furniture and miscellaneous
Furniture and fixtures .
Miscellaneous manufactures
Nondurable manufactures:
Textiles, apparel, and leather
Textile mill products
Apparel products
Leather and products
Paper and printing
Paper and products
Printing and publishing
Chemicals, petroleum, and rubber
Chemicals and products
Petroleum products
Rubber and plastics products
Foods and tobacco
Foods
Tobacco products
Mining:
Coal .
. . .
Oil and gas extraction.
Metal, stone, and earth minerals
Metal mining
Stone and earth minerals.
152.4
-
(52)
152.2
-
(58)
152.1
+
152.2
116.4
145.0
162.9
181.2
125.9
175.0
+
+
+
166.9
181.7
122.4
175.8
164.4
131.7
+
-
151.3
-
148.5
(8)
(25)
+
-
113. 4
144.7
-
109.0
140.8
166.4
180.4
126.2
175.0
-
1(56.0
179.8
124.3
174.9
-
164.8
176.9
116.0
173.5
165.1
131.6
162.3
130.3
-
158.4
122.9
o
+
161.0
154.0
158.8
152.0
-
158.7
151.4
147.8
127.2
145.4
127.3
-
143.2
71.2
+
+
72.1
+
(MA)
72.3
+
+
154.7
137.8
+
+
156.0
138,9
150.4
139.9
+
-
152.0
139.0
-
149.2
137.9
215.1
142.1
271.3
+
+
216.5
142.6
262.3
+
+
+
217.7
146.7
266.9
216.7
144.9
265.7
-
213.8
141.9
262.0
-
138.7
-
148.3
113.0
+
+
148.9
116.6
+
+
150.0
118.7
151.2
118.0
-
150.6
144.7
124.2
+
141.9
126.0
+
+
145.0
127.2
+
141.0
128.5
+
136.0
128.7
+
+
137.2
130.0
124.1
138.2
+
+
132.0
141.2
+
136.8
141.0
+
+
137.6
145.3
-
135.6
145.1
-
132.4
143.3
165.1
176.7
131.7
172.9
+
+
+
162.3
177.3
133.7
175.0
+
+
-
162.8
179.5
128.2
173.3
+
+
160.6
138.6
+
+
162.3
138.7
+
-
162.8
136.1
+
162.0
153.6
+
+
163.3
154.5
+
162.9
155.3
161.0
153.7
+
+
+
146.9
131.2
-
146.0
128.5
147.9
128.8
147.1
128.3
70.1
+
+
+
70.4
+
+
155.3
137.1
+
154.1
137.2
-
153.3
136.2
212.0
143.1
272.9
+
211.4
141.1
274.5
+
+
-
+
+
148.8
116.4
-
148.6
115.6
o
142.6
121.6
+
+
122.1
137.5
+
+
+
-
111.9
145.3
117.2
146.9
70.8
(25)
+
-
-
+
(77)
115.4
146.1
118.0
147.5
+
152.3
(58)
+
+
+
152.6
(50)
121.7
146.5
+
.. .
+
+
+
+
+
73.2
+
+
(NA)
(NA)
(NA)
-
149.4
(NA)
(NA)
(NA)
(NA)
(NA)
(NA)
(NA)
(NA)
+
+
142.9
130.5
(NA)
(NA)
NOTE: To facilitate interpretation, the montrHo-month directions of change are shown along with the numbers: (+) = rising, (o) = unchanged, and Hs falling. The "r" indicates revised;
"p", preliminary; and "NA", not available.
*Data are seasonally adjusted by the source agency.
"Where actual data for separate industries are not available, estimates are used to compute the percent rising.
78
MAY 1980
CYCLICAL INDICATORS
DIFFUSION INDEXES AND RATES OF CHANGE—Con.
Rfl SELECTED DIFFUSION INDEX COMPONENTS: Basic Data and Directions of Change-Con.
Diffusion index components
1979
September
October
1980
November
January
December
February
March
April
May
1
967. INDEX OF INDUSTRIAL MATERIALS PRICES 2
Industrial materials price index (1967=100) . . . . Percen t rising of 13 componen ts
297.3 +
(54)
307.7 3
304.0
+
(62)
(62)
309.6
+
316.2
+
(50)
(77)
322.5 (73)
316.9 -
301.9
(62)
(12)
-
280.3
(15)
Dollars
Copper scrap
(pound). . +
(kilogram). .
0.725 +
1,598
0,729 +
1.607
0.746
1.645
+
0.872
1.922
o
0.872
1.922
+
0.971 2.141
0.732 1.614
0.674
1.486
-
0.673
1.484
Lead scrap
(pound). . o
(kilogram). .
0.263 0.580
0.258 +
0.569
0.399
0.880
-
0.373
0.822
-
0.346
0.763
o
0.346 +
0.763
0.364 0.802
0.313
0.690
-
0.220
0.485
(US. ton)
(metric ton). .
87.000 o
95.900
87.000 + 92.000
101.412
95.900
+ 93.000
102.514
+ 96.750
106.648
+ 100.000 - 98.000 - 91.800
108.025
101.191
110.230
Tin
(pound)
+
(kilogram). .
7.040 +
15.520
7.520 +
16.579
7.588
16.729
+
7.890
17.394
-
7.805
17.207
+
7,910 +
17.438
8.368 18.448
7.918
17.456
+
8.151
17.970
Zinc
(pound). . (kilogram). .
0.360 +
0.794
0.373 0.822
0.369
0.813
+
0.375
0.827
o
0.375
0.827
+
0.380 +
0.838
0.390 0.860
0.385
0.849
-
0.375
0.827
(yard)
(meter). .
0.345 +
0.377
0.370 +
0.405
0.391
0.428
+
0.417
0.456
-
0.404
0.442
-
0.385 +
0.421
0.389 0.425
0.362
0.396
-
0.349
0.382
(pound)
+
(kilogram). ..
0.624 +
1.376
0.630 +
1.389
0.632
1.393
+
0.644
1.464
+
0.726
1.601
+
0.810 1.786
0.788 1.737
0.787
1.735
+
0.790
1.742
Print cloth
(yard). . (meter). .
0.644 0.704
0.628 0.687
0.620
0.678
+
0.625
0.684
o
0.625
0.684
+
0.651 +
0.712
0.682 +
0.746
0.695
0.760
-
0.692
0.757
Wool tops
(pound)
+
(kilogram). .
2.888 +
6.367
2.980 +
6.570
3.050
6.724
+
3.140
6.922
+
3.150
6.944
+
3.200 +
7.055
3.500 7.716
3.460
7.628
-
3.267
7.202
Hides
(pound). . (kilogram). .
0.795 1.753
0.786 1.733
0.740
1.631
+
0.780
1.720
+
0.825
1.819
-
0.745 1.642
0.592 1.305
0.490
1.080
-
0.423
0.933
+
40.500
89.286
- 40.200
88.625
- 40.000
88.184
+
Steel scrap
..
Burlap
Cotton
..
Rosin
.
..
(100 pounds)
o
(100 kilograms). .
28.500
62.831
(NA)
(MA)
42.000 + 48.000 o 48.000
103.821
105.821
92.593
- 71.000
78.263
- 47.000
103,616
Rubber
(pound). . +
(kilogram). .
0,651 +
1.435
0.677 1.493
0.665
1.466
+
0.679
1.497
+
0.743
1.638
+
0.833 1.836
0.750 1.653
0.711
1.567
-
0.690
1.521
Tallow
(pound). . +
(kilogram). .
0.228 0.503
0.213 0.470
0.187
0.412
-
0.185
0.408
-
0.180
0.397
-
0.170 +
0.375
0.181 0.399
0.180
0.397
-
0.169
0.373
NOTE: To facilitate interpretation, the month-to-month directions of change are shown along with the numbers: (+) = rising, (o) = unchanged, and (-) = falling. The "r" indicates revised;
"p", preliminary; and "NA", not available.
1
Average for May 6, 13a and 20.
2
Data are not seasonally adjusted. Components are converted to metric units by the Bureau of Economic Analysis.
3
Based on 12 components.
110
MAY 1980
79
OTHER IMPORTANT ECONOMIC MEASURES
NATIONAL INCOME AND PRODUCT
GNP AND PERSONAL INCOME
Year
and
quarter
200. Gross national product in current dollars
50. Gross national product in 1972 dollars
i. Total
a. Total
c. Percent
change at
annual rate
b. Difference
(Ann. rate,
bil.dol.)
b. Difference
(Ann. rate,
bil.dol.)
(Ann. rate,
bil.dol.)
c. Percent
change at
annual rate
(Ann. rate,
bil.dol.)
217. Per capita
GNP in 1972
dollars
213. Final sales
in 1972 dollars
(Ann. rate,
dollars)
(Ann, rate,
bil.dol.)
1977
First quarter ..
Second quarter
Third quarter..
Fourth quarter
1,820.2
1,876.0
1,930.5
1,971.3
64.1
55.8
54.5
40.8
2,Oil.3
2J04.2
2,159.6
2,235.2
40.0
92.9
55.4
75.6
2,292.1
56.9
37.7
66.7
60.4
10.6
2,329.8
2,396.5
2,456.9
r2,516.1
r59.2
27.6
1,315.7
1,331.2
1,353.9
1,361.3
15.4
12.8
12.1
8.7
15.5
22.7
7.4
8.9
4.8
7.0
2.2
6,084
6,145
6,236
6,256
1,304.4
1,317.8
1,337.3
1,350.0
1.9
8.3
3.5
5.6
6,276
6,390
6,431
6,506
1,351.3
1,379.6
1,395.1
1,414.6
1.1
6,512
6,460
6,494
6,509
1,418.4
1,404.1
1,426.2
1,439.0
r6,497
rl,444.5
1978
First quarter ..
Second quarter
Third quarter..
Fourth quarter
6.5
1,367.8
1,395.2
1,407.3
1,426.6
8.4
19.8
10.9
14.8
27.4
12.1
19.3
1979
First quarter ..
Second quarter
Third quarter..
Fourth quarter
4.0
11.9
10.5
1,430.6
1,422.3
1,433.3
1,440.3
-8.3
11.0
rlO.O
rl,442.6
r2.3
6.7
-2.3
3.1
2.0
7.0
1980
First quarter ..
Second quarter
Third quarter..
Fourth quarter
GNP AND PERSONAL INCQME-Con.
Year
and
quarter
PERSONAL CONSUMPTION EXPENDITURES
230. Total in current
dollars
Disposable personal income
224. Current dollars 226. Constant
(1972) dollars
(Ann. rate,
bil.dol.)'
(Ann. rate,
bil.dol.)
rO.6
231. Total in 1972
dollars
232. Durable goods
in current dollars
233. Durable goods
in 1972 dollars
227. Per capita in
1972 dollars
(Ann. rate,
dollars)
(Ann. rate,
bil.dol.)
(Ann. rate,
bil.dol.)
(Ann. rate,
bil.dol.)
(Ann. rate,
bil.dol.)
1977
First quarter ..
Second quarter
Third quarter..
Fourth quarter
1,250.1
1,286.0
1,323.2
1,361.2
908.0
921.5
936.3
951.8
4,200
4,255
4,313
4,375
1,169.1
1,190.5
1,220.6
1,259.7
849.2
853,1
863.7
880.9
174.3
175.7
178.9
186.4
135.8
136.6
138.2
142.4
1,395.0
1,437.3
1,476.5
1,524.8
956.6
966.1
976.2
991.5
4,390
4,426
4,462
4,522
1,287.2
1,331.2
1,369.3
1,415.4
882.7
894.8
905.3
920.3
185.3
200.3
203.5
212.1
139.3
147.8
147.5
152.1
1,572.2
1,601.7
1,640.0
1,683.1
996.6
993.0
993.4
996.2
4,536
4,510
4,501
4,502
1,454.2
1,475.9
1,528.6
1,580.4
921.8
915.0
925.9
935.4
213.8
208.7
213.4
216.2
150.2
144.8
146.9
146.7
rl,736.2
997.8
4,499
rl,628,7
r936 f O
r220.4
r!45.5
1978
First quarter ..
Second quarter
Third quarter..
Fourth quarter
1979
First quarter ..
Second quarter
Third quarter..
Fourth quarter
1980
First quarter ..
Second quarter
Third quarter..
Fourth quarter
NOTE: Series are seasonally adjusted except those series that appear to contain no seasonal movement. Unadjusted series are indicated by ®. Series numbers are for identification only and
do not reflect series relationships or order. Complete titles and sources are shown at the back of the book. The "r" indicates revised; "p", preliminary; "e", estimated; "a", anticipated; and
"NA", not available.
Graphs of these series are shown on pages 40 and 41.
MAY 1980
KCII
OTHER IMPORTANT ECONOMIC MEASURES
A I
NATIONAL INCOME AND PRODUCT—Con.
Iflj GROSS PRIVATE DOMESTIC INVESTMENT
^H PERSONAL CONSUMPTION EXPENDITURES-Con.
236. Nondurable
goods in current
dollars
Year
and
quarter
i
(Ann. rate,
bil.dol.)
238. Nondurable
goods in 1972
dollars
(Ann. rate,
bil.dol.)
237. Services in
current dollars
(Ann. rate,
bil.dol.) •
239. Services in
1972 dollars
(Ann. rate,
bil.dol.)
240. Total in
current dollars
(Ann. rate,
bil.dol.)
241. Total in
1972 dollars
(Ann. rate,
bil.dol.)
242. Fixed investment, total, in
current dollars
243. Fixed investment, total, in
1972 dollars
(Ann. rate,
bil.dol.)
(Ann. rate,
bil.dol.)
1977
467.7
475.5
483.0
499.2
328.9
329.6
332.1
340.0
527.1
539.3
558.7
574.1
384.5
386.9
393.3
398.5
280.4
300.0
315.7
316.9
191.0
199.6
206.7
203.0
261.1
277.5
288.2
298.5
179,7
186.2
190.1
191.7
505.9
521.8
536.7
558.1
337.3
339.4
344.7
351.9
596.0
609.1
629.1
645.1
406.1
407.6
413.1
416.3
327.0
352.3
356.2
370.5
209.0
216,8
214.0
217.4
304.1
326.5
336.1
349.8
192.5
201.2
201.8
205.5
571.1
581.2
604.7
630.7
348.1
344.1
349.2
355.1
669.3
686.0
710.6
733.5
423.5
426.1
429.9
433.6
373.8
395.4
392.3
387.2
217.2
221.7
214.2
207.7
354.6
361.9
377.8
381.7
204,9
203,5
207.1
206.3
r650.6
r353.0
r757.8
r437.6
r384 ? 0
r202.2
r383,9
r204.1
First quarter
Second quarter
Third quarter
Foufth quarter
1978
First quarter . ,
Second quarter ....
Third quarter
Fourth quarter
1979
First quarter
Second quarter
Third quarter . .
Fourth quarter
1980
First quarter
Second quarter
Third quarter
Fourth quarter
. .
O
Year
and
quarter
GROSS PRIVATE
DOMESTIC INVEST.-Con.
245. Change in
business inventories in current
dollars
(Ann. rate,
bil.dol.)
:
^Rl GOVERNMENT PURCHASES OF GOODS AND SERVICES
30. Change in
business inventories in 1972
dollars
260. Total in
current dollars
(Ann. rate,
bil.dol.)
(Ann. rate,
bit. dol.)
261. Total in
1972 dollars
{Ann. rate,
bit. dol.)
262. Federal
Government in
current dollars
263. Federal
Government in
1972 dollars
(Ann. rate,
bil.dol.)
(Ann. rate,
bil. dol.)
266. State and
local government
in current dollars
267. State and
local government
in 1972 dollars
(Ann. rate,
bit. dot.)
(Ann. rate,
bil. dol.)
1977
First quarter . .
Second quarter
Third quarter
Fourth quarter
19.3
22.5
27.5
18.5
11.3
13.4
16.6
11.3
380.0
391.6
400.5
412.8
264.5
267.6
270.3
271.5
138.2
142.6
145.6
151.2
100.3
101.8
101.8
241.8
249.0
254.9
261.6
166.0
167.3
168.5
169.8
22.8
25.8
20.0
20.6
16.5
15.6
12.2
12.0
419.4
428.3
440.9
453.8
270.7
271.3
274.7
276.0
150.9
148.2
152.3
159.0
99.9
96.6
98.5
99.3
268.5
280.1
288.6
294.8
170.9
174.7
176.2
176.6
19.1
33.4
14.5
12.3
18.1
274.7
272.4
273.1
277.1
163.6
161.7
162.9
178.4
101.1
7.1
1.4
460.1
466.6
477.8
501.2
101.1
296.5
304.9
314.9
322.8
173.6
174.3
175.6
176.0
r-1.9
P517.4
r280.0
r!86.2
r!04,3
r331.2
175.7
98.4
1978
First quarter .
Second quarter
Third quarter
Fourth quarter
1979
First quarter
Second quarter
Third quarter
Fourth quarter
5.6
98.1
97.4
1980
First quarter
Second quarter
Third quarter ...
Fourth quarter
rO.l
NOTE: Series are seasonally adjusted except those series that appear to contain no seasonal movement. Unadjusted series are indicated by @. Series numbers are for identification only and
do not reflect series relationships or order. Complete titles and sources are shown at the back of the book. The "r" indicates revised; "p", preliminary; "e", estimated; "a", anticipated; and
"NA", not available.
Graphs of these series are shown on pages 41, 42, and 43.
ltd*
MAY 1980
81
OTHER IMPORTANT ECONOMIC MEASURES
A I
NATIONAL INCOME AND PRODUCT—Con.
I
FOREIGN TRADE
Year
and
quarter
(Ann. rate,
bil.dot.)
256. Constant
(1972) dollars
252. Current
dollars
255. Constant
(1972) dollars
250. Current
dollars
Imports of goods
and services
Exports of goods
and services
Net exports of
goods and services
(Ann. rate,
bil.dol.)
(Ann. rate,
bil.dol.)
(Ann. rate,
oil. dot.)
220. National income in current
dollars
257. Constant
(1972) dollars
253. Current
dollars
(Ann. rate,
bil.dol.}
(Ann. rate,
bil.dol.)
NATIONAL INCOME
AND ITS COMPONENTS
(Ann. rate,
bil.dol.)
280. Compensation of
employees
(Ann. rate,
bil.dol.)
1977
First quarter ..
Second quarter ,
Third quarter..
Fourth quarter
-9.2
-6.0
-6.3
96.5
99.4
97.3
179.8
184.7
186.4
192.3
85.4
88.5
87.3
91.4
1,456.9
1,505.3
1,551.1
1,589.8
1,110.1
1,141.5
1,170.7
1,205.5
184.4
205.7
213.8
224.9
100.7
109.2
111.9
113.8
206.6
213.3
220.6
229.4
95.4
96.9
98.5
101.0
1,621.0
1,703.9
1,752,5
1,820.0
1,244.0
1,288.2
1,321.1
1,364.8
17.0
13.2
20.1
20.1
238.5
243.7
267.3
280.4
117.0
116.0
122.2
124.3
234.4
251.9
269.5
292.4
100.0
102.9
102.1
104.1
1,869.0
1,897.9
1,941.9
1,990.4
1,411.2
1,439.7
1,472.8
1,513.2
r24.3
r304.2
r130.0
r318.2
r!05.6
p2,031.4
r1,554.6
170.5
178.6
180.1
174.2
100.5
-18.1
11.1
10.9
13.2
5.8
-22.2
-7.6
-6.8
-4.5
5.3
12.3
13.3
12.9
4.0
-8.1
-2.3
-11.9
r-14.0
1978
First quarter ,.
Second quarter
Third quarter..
Fourth quarter
1979
First quarter ..
Second quarter
Third quarter,.
Fourth quarter
1980
First quarter ..
Second quarter
Third quarter..
Fourth quarter
NATIONAL INCOME AND ITS COMPONENTS-Con.
Year
and
quarter
282. Proprietors'
income with inventory valuation
and capital consumption adjustments
(Ann, rate,
_., bil.dol.)
284. Rental income
of persons with
capital consumption adjustment
(Ann. rate,
bil.dol.)
286. Corporate
profits with
inventory valuation
and capital consumption adjustments
(Ann. rate,
bil.doU
SAVING
288. Net interest
(Ann. rate,
bikdolJ
290. Gross saving
{private and government)
(Ann. rate,
bikdol.)
292. Personal
saving
295. Business
saving
(Ann. rate,
...faiLdoLL
(Ann. rate,
bil.dol.)
1977
First quarter ,.
Second quarter
Third quarter..
Fourth quarter
98.6
107.6
23.6
24.6
25.2
25.5
137.1
148.9
160.8
153.0
89.3
92.7
95.8
98.2
253.3
276.0
291.6
283.6
213.9
226.8
243.2
238,8
52.5
65.9
71.9
69.5
109.1
115.0
117.4
125.7
25.2
24.4
26.8
27.1
141.2
169.4
175.2
184.8
101.5
106.8
111.9
117.6
289.7
329.2
332.7
346.9
234.4
253.1
259.6
264.7
74.6
71.2
70.9
71.5
129.0
129.3
130.3
134.5
27.3
26,8
26.6
27.0
178.9
176.6
180.8
176.4
122.6
125.6
131.5
139.2
362.2
374.3
367.3
351.9
266.0
274.6
281.9
281.0
79.2
85,9
70.3
59.7
r!29.8
27.0
pi 71.8
r!48.1
p344.4
p276.8
r64.2
96.9
97.6
1978
First quarter ..
Second quarter
Third quarter..
Fourth quarter
1979
First quarter ,.
Second quarter
Third quarter..
Fourth quarter
1980
First quarter ..
Second quarter
Third quarter,.
Fourth quarter
NOTE: Series are seasonally adjusted except those series that appear to contain no seasonal movement. Unadjusted series are indicated by ®. Series numbers are for identification only and
do not reflect series relationships or order. Complete titles and sources are shown at the back of the book. The "r" indicates revised; "p", preliminary; "e", estimated; "a", anticipated; and
"NA", not available.
Graphs of these series are shown on pages 44, 45, and 46.
82
MAY 1980
BCII
OTHER IMPORTANT ECONOMIC MEASURES
A
I
NATIONAL INCOME AND PRODUCT—Con.
Q
298. Government
surplus or deficit,
total
Year
and
quarter
RMj SHARES OF GNP AND NATIONAL INCOME
SAVING-Con.
(Ann. rate,
bil.dol.)
293. Personal
saving rate
(percent of disposable personal
income)
Percent of Gross National Product
235. Personal consumption expenditures, total
(Percent)
(Percent)
248. Nonresidential
fixed investment
249. Residential
fixed investment
247. Change in
business inventories
(Percent)
(Percent)
(Percent)
251. Net exports of
goods and services
(Percent)
1977
First quarter
Second quarter
Third quarter
Fourth quarter
10.0
10.1
4.5
4.9
4.9
5.1
1.1
1.2
1.4
0.9
-0.5
-0.3
-0.3
-0.9
64.0
63.3
63.4
63.3
10.1
10.4
10.5
10.6
5.0
5.1
5.1
5.1
1.1
1.2
0.9
0.9
-1.1
-0.4
-0.3
-0.2
63.4
63.3
63,8
64.3
10.6
10.7
10.9
10.8
4.9
4.8
4.8
4.7
0.8
1.4
0.6
0.2
-0.3
-0.1
-0.5
T64.7
rlO.9
-13.1
-16.6
-23.5
-24.8
4.2
5.1
5.4
5.1
64.2
63.5
63.2
63.9
-19.2
5.0
2.3
10.8
5.3
5.0
4.8
4.7
15.8
12.7
14.0
10.0
5.0
5.4
4.3
3.5
9.9
9.9
1978
First quarter
Second quarter
Third quarter
Fourth quarter
1979
First quarter
Second quarter
Third quarter
Fourth quarter
0.2
1980
First quarter
Second quarter
Third quarter
Fourth quarter
p2.2
r3.7
r4.4
rO.O
r-0.6
L-
O
SHARES OF GNP AND NATIONAL INCOME-Con.
Percent of GNP-Con.
Year
and
quarter
265. Federal Govt.
purchases of goods
and services
(Percent)
Percent of National Income
268. State and
local govt. purchases of goods
and services
(Percent)
64. Compensation of
employees
(Percent)
283. Proprietors'
income with IVA
and CCA 1
(Percent)
285. Rental income
of persons with
CCA
1
(Percent)
287. Corporate
profitswith IVA
and CCA 1
289. Net interest
(Percent)
(Percent)
1977
First quarter
Second quarter
Third quarter
Fourth quarter
7,6
7.6
7.5
7.7
13.3
13.3
13.2
13.3
76.2
75.8
75.5
75.8
6.7
6.5
6.4
6.8
1.6
1.6
1.6
1.6
7.5
7.0
7.1
7.1
13.3
13.3
13.4
13.2
76.7
75.6
75.4
75.0
6.7
6.7
6.7
6.9
1.6
1.4
1.5
1.5
7.1
6.9
6.8
7.3
12.9
13.1
13.1
13.1
75.5
75.9
75.8
76.0
6.9
6.8
6.7
6.8
1.5
1.4
1.4
1.4
7.4
r!3.2
p76,5
9.4
9.9
10.4
9.6
6.1
6.2
6.2
6.2
1978
First quarter
Second quarter
Third quarter
Fourth quarter
....
8.7
9.9
10.0
10.2
6.3
6.3
6.4
6.5
1979
First quarter
Second quarter
Third quarter
Fourth quarter
9.6
9.3
9.3
8.9
6.6
6.6
6.8
7.0
1980
First quarter
Second quarter
Third quarter . ...
Fourth quarter
p6.4
pi. 3
p8.5
P 7.3
NOTE: Series are seasonally adjusted except those series that appear to contain no seasonal movement Unadjusted series are indicated by ®. Series numbers are for identification only and
do not reflect series relationships or order. Complete titles and sources are shown at the back of the book. The "r" indicates revised; "p", preliminary; "e", estimated; "a", anticipated; and
"NA", not available.
Graphs of these series are shown on pages 46 and 47.
1
IVA, inventory valuation adjustment; CCA, capital consumption adjustment.
B€l»
MAY 1980
83
OTHER IMPORTANT ECONOMIC MEASURES
B |
PRICES, WAGES, AND PRODUCTIVITY
^J PRICE MOVEMENTS
Implicit price deflator,
gross national product
Year
and
month
310. Index
(1972-100)
Fixed weighted price index,
gross business product
310c. Changs 311. Index
over 1 -quarter
spans1
(Ann. rate,
percent)
(1972-100)
31 1c. Change
over 1-quarter
spans1
(Ann. rate,
percent)
Consumer prices, all items
320. Index ® 320c. Change
over 1-month
spans1
(1967-100)
(Percent)
Consumer prices, food
320c. Change
over 6-month
spans1
322. Indsx
(Ann. rate,
percent)
(1967-100)
322c. Change
over 1-month
spans1
322c, Change
over 6-month
spans1
(Percent)
{Ann. rato,
percent)
1978
147*.0
April
May
June
1SCL8
October
November
December
0.6
0.6
0.8
8.1
8.5
9.2
200.4
202.1
204.5
0.9
0.8
1.2
12.2
12.7
14.6
191.5
193.3
195.3
0.7
0.8
0.9
9.3
9.3
9.5
207.2
209.6
212.7
1.3
1,2
1,5
13.5
12.8
11.8
8.8
196.7
197.8
199.3
0.7
0.6
0.9
9.7
9.4
8.9
213.5
214.6
216.2
0«,4
0,,5
0,,7
11.0
10.1
8.7
200,9
202.0
202.9
0.9
0.6
0.6
9.5
10.6
10.9
218.3
219.9
222.2
1.0
0.7
1.0
11.4
13.3
13.8
204.7
207.1
209.1
0.9
1.1
1.0
11.1
12.0
12.9
225.3
228.4
230.6
1.4
1.4
1.0
12.9
12.8
10.1
211.5
214.1
216.6
1.0
1.0
1.0
13.2
12.9
13.3
232.0
233.5
234.2
0.6
0.6
0.3
9.1
6.3
6.4
10.4
218.9
221.1
223.4
1.1
1.0
1.2
13.4
13.3
13.8
235,3
235.5
237,9
0.5
0.1
1.0
6.8
6.9
9.3
8.4
225.4
227.5
229.9
1.0
1.0
1.2
14.5
15.3
239 ,,8
241 . 4
244.8
0.8
0.7
1.4 .
8.2
8.0
7.9
233.2
236,4
239.8
1.4
1.4
1.4
244.8
244.7
247.1
0.0
0.0
1.0
7,3
242.5
0.9
248.4
0.5
148'.2
10.5
10.6
July
August
September
187.2
188.4
189.8
6.6
6.3
January
February
March
15216
7.2
155^2
153!4
8.7
15s!5
156.*7
•
9.1
1979
January
February
March
9.3
160.*2
April
May
June
163^8
July
August
September
167^2
October
November
December
1?6!6
10.0
162^3
9.3
166\3
8.5
17CL4
8.4
173.*9
15.9
n.i
1980
January
February
March
April
May
June
r9.3
r!74.'4
rll.2
r!78.*6
15.7
July
August
September
October
November
December
NOTE: Series are seasonally adjusted except those series that appear to contain no seasonal movement. Unadjusted series are indicated by @. Series numbers are for identification only and
do not reflect series relationships or order. Complete titles and sources are shown at the back of the book. The "r" indicates revised; "p", preliminary; "a", estimated; "a", anticipated; and
"NA", not available.
Graphs of these series are shown on pages 48 and 49.
Percent changes are centered within the spans: 1-quarter changes are placed on the 1st month of the 2d quarter, 1-month
changes are placed on the 2d month, and 6-month changes are placed on the 4th month.
84
MAY 1980
OTHER IMPORTANT ECONOMIC MEASURES
PRICES, WAGES, AND PRODUCTIVITY—Con.
^J PRICE MOVEMENTS-Con.
Producer prices, all commodities
Year
and
month
330. Index®
(1967=100)
330c. Change
over 1 -month
spans1 @
(Percent)
Producer prices, crude materials
Producer prices, industrial commodities
330c. Change
overs-month
spans1 ®
335. Index®
335c. Change
over 1 -mo nth
spans1 ®
(Ann. rate,
percent)
(1967=100)
(Percent)
335c. Change
over 6-month
spans1 @
(Ann. rate,
percent)
331. Index
(1967=100)
331 c. Change
over 1-month
spans1
331c. Change
over 6-month
spans1
(Percent)
(Ann. rate,
percent)
1978
January
February
March . . .
200.1
202.1
203.7
1.0
1.0
0.8
10.7
11.4
11.8
201.6
202.9
204.1
0.8
0.6
0.6
7.2
8.3
8.9
221,6
224,2
229.0
1.2
1.2
2,1
24,6
19.1
21.4
April
May
June
206.5
208.0
209.6
1.4
0.7
0.8
10.9
8.6
8.7
206.1
207.4
208.7
1.0
0.6
0.6
8.6
8.6
8.4
234.5
235.6
241.3
2.4
0.5
2.4
19.9
17.0
16.1
July
August
September
210.7
210.6
212.4
0.5
0.0
0.9
8.3
7.5
7.7
210.1
211.4
212.5
0.7
0.6
0.5
8.5
8.5
8.3
242.6
242.5
246.8
0.5
0.0
1.8
16,6
17.4
13.7
October
November
December
214.9
215.7
217.5
1.2
0.4
0,8
9.8
214.7
21.6.0
217.2
1.0
0.6
0.6
9.6
13.2
13.9
10.8
12.5
253.2
255.3
257.3
2.6
0.8
0.8
17.2
23.1
23.4
January
February
March
220.8
224.1
226.7
1.5
1.5
1.2
14.5
15.7
15.3
220.0
222.5
225.4
1.3
1.1
1.3
13.8
15.0
16.1
262,6
269.1
274.2
2.1
2.5
1.9
16,4
16.1
17.1
April
May
June ....
230.0
232.0
233.5
1.5
0.9
0.6
15.1
13.1
14.0
229.0
231.6
234.0
1.6
1.1
1.0
16.5
16.9
17.4
273.2
275.1
278.4
July .
August
September
236.9
238.3
242.0
1.5
0.6
1.6
14.0
13.5
237.5
240.6
244.2
1.5
1.3
1.5
18.2
17.1
284.6
285.2
291.4
2.2
0.2
2.2
r!7.4
October
November
December
245.6
247.2
r249,7
1.5
0.7
249.0
250.6
r253.1
2.0
0.6
294.5
298.4
r301.7
10.7
16.2
rl.O
20.1
21.7
20,6
1.1
1.3
rl.O
15.6
18.9
16.8
r2.0
14.1
2.0
0.7
260.3
265.4
268.2
r2.8
18.2
2.0
1.1
299.5
307.4
300.7
r-0.7
2.6
0.3
270.7
0.9
290.3
-3.5
1979
r!4.4
r!7.0
-0,4
0.7
1.2
rl.l
17.5
12.3
12.9
16.2
17.7
6.5
1980
January
February .
March
. .
April ....
May
June .
254.7
259.8
261.5
262.3
-2.8
-2.2
July
August
September
October
November
December
. .
NOTE: Series are seasonally adjusted except those series that appear to contain noseasonal movement. Unadjusted series are indicated by ®. Series numbers are for identification only and
do not reflect series relationships or order. Complete titles and sources are shown at the back of the book. The "r" indicates revised; "p", preliminary; "e", estimated; "a", anticipated; and
"NA", not available.
Graphs of these series are shown on page 48.
1
Percent changes are centered within the spans:
the 4th month.
MAY 1980
1-month changes are placed on the 2d month and 6-month changes are placed on
85
OTHER IMPORTANT ECONOMIC MEASURES
PRICES, WAGES, AND PRODUCTIVITY—Con.
Q PRICE MOVEMENTS-Con.
Producer prices, intermediate materials
Year
and
month
332. Index
(1967-100)
332c. Change
over 1 -month
spans1
(Percent)
Producer prices, finished consumer goods
Producer prices, capital equipment
332c. Change
over 6-month
spans1
(Ann. rate,
percent}
333. Index
(1967-100)
333c. Change
over 1-month
spans1
(Percent)
333c. Change
over 6-month
spans1
(Ann. rate,
percent)
334. Index
(1967=100)
334c. Change
over 1-month
spans1
334c. Change
over 6-month
spans1
( Percent)
(Ann. rate,
percent)
1978
January
February
March
208.2
209.7
210.9
0.8
0.7
0.6
7.6
7.5
7.9
192.2
193.3
194.5
0.6
0.6
0.6
7.7
7.6
8.1
184.5
186.1
187.2
0.6
0.9
0.6
April
May
June
211.9
213.1
214.5
0.5
0.6
0.7
6.7
6.9
7.1
195.6
197.0
198.6
0.6
0.7
0.8
8.4
8.4
8.4
189.5
190.8
192.2
1.2
0.7
0.7
July
August
September .
215.1
216.8
218.3
0.3
0.8
0.7
8.6
9.3
9.3
200.1
201.3
202,5
0.8
0.6
0.6
7.7
8.4
8.0
193,7
194.3
195,7
0.8
0.3
0.7
8.6
8.3
9,5
October
November
December
220.8
222.8
224.3
1.1
0.9
0,7
11.3
11.8
12,6
203.0
205,1
206.4
0.2
1.0
0.6
8.6
9.1
9.2
197.5
198.6
201.1
0.9
0.6
1.3
10.6
12.5
13.4
January
February
March
226.9
229.2
231.6
1.2
1.0
1.0
13.3
13.4
14.2
208.5
210.3
211.6
1.0
0.9
0.6
9.9
9.9
203.7
206.1
208.4
1.3
1.2
1.1
12,7
12.7
11,1
April
May
Juno
235.0
237.3
239.7
1.5
1.0
1.0
15.3
16.2
17.2
214.0
215,0
216.4
1.1
0.5
0.7
9.5
7.4
7.6
209.7
210,8
212.0
0.6
0.5
0.6
11,2
12.2
13.7
July
August
September
243.6
247.1
250.7
1,6
1.4
1.5
17.7
17.6
0.8
7.0
7.5
214.8
218.3
222.2
11.3
r17,8
218.2
217.9
219.5
14.9
16,9
H7.6
255.0
257.3
r260.2
1.7
0.9
20.2
21.2
18.9
221.4
222.9
r224.8
224.8
227.9
r229.9
1.2
1.4
rl.l
r2.7
15.3
1.8
0.5
228.2
229,8
231.6
0.1
235.9
9,3
9,2
9.8
10.2
9.0
9.3
1979
October
November
December
-0,1
0.7
0.9
0.7
11.1
r7.9
9.4
rO.9
11.2
11.3
rl.5
13.5
1,6
1.8
rO.9
17.9
18.2
17.8
15,1
1980
January
February
March
267.1
272.0
273.4
April
May
Jun0
273.8
233.2
237.3
241,2
rl,4
0,7
0.8
1.9
241 ,,2
0.0
1.8
1.6
July
August
September
October
November
December
NOTE: Series are seasonally adjusted except those series that appear to contain noseasonal movement. Unadjusted series are indicated by (u). Series numbers are for identification only and
do not reflect series relationships or order. Complete titles and sources are shown at the back of the book. The "r" indicates revised; "p", preliminary; "e"( estimated; "a", anticipated; and
"NA", not available.
Graphs of these series are shown on page 48.
1
Percent changes are centered within the spans: 1-month changes are placed on the 2d month and 6-month changes are placed on
the 4th month.
86
MAY 1980
OTHER IMPORTANT ECONOMIC MEASURES
PRICES, WAGES, AND PRODUCTIVITY—Con.
BH WAGES AND PRODUCTIVITY
Average hourly compensation, all employees,
nonfarm business sector
Average hourly earnings, production workers, private nonfarm economy, adjusted1
Year
and
month
Current dollar earnings
340. Index
(1967-100)
340c. Change
over 1-month
spans2
(Percent)
Real earnings
340c. Change
over 6-month
spans2
(Ann. rate,
percent) .
341. Index
(1967=100)
341 c. Change
over 1 -month
spans2
(Percent)
Current dollar compensation
341c. Change
over 6-month
spans2
(Ann. rate,
percent)
345. Index
(1967=100)
(")
1978
January
February
March
205.9
206.6
208.1
1.1
0.3
0.7
8.8
8,7
8.9
109.7
109.4
109.4
April
May
June . .
210.1
211.1
212.4
1.0
0,5
0.6
8.0
8.2
8.3
109.7
109.3
109.0
July
August
September
214.0
214.9
216.5
0.8
0.4
0.7
7.7
7.9
8.2
109.1
108.9
108.9
218.1
219.2
220.9
0.7
0.5
0.8
8.2
8.7
8.2
108.6
108.5
108.6
-0.3
-0.1
January .
February
March
222.6
224.0
225.2
0.8
0.6
0.5
8.2
7.7
7.4
108.4
107.8
107.3
April
May
June
226.8
227.5
229.0
0.7
0.3
0.7
7.5
7.5
8.3
July ....
August
September
230.9
232.2
234.3
0.8
0.6
0.9
October .
November
December
234.9
237.3
239.5
0.3
1.0
0.9
240.5
r242.6
r245.1
0.4
0.9
1.0
October
November
December
.. .
0.5
-0,3
0.9
0.4
0.3
-1.1
-0,9
-1.0
r224.*4
-1.9
-1.4
-0.9
r229.2
-1.4
-2.0
-2.9
r234.'o
-0.2
-0.6
-0.5
-3.0
-4.1
-5.0
239! 8
107.0
106.3
105.8
-0.3
-0.7
-0.5
-5.1
-5.0
-4.4
244^4
7.3
8.8
9.3
105.6
105.1
104.9
-0.2
-0.5
-0.2
-5.3
-4.0
-3.8
249^5
8.5
9.1
104.1
104.1
103.8
-0.8
0.1
0.0
0.1
3
)
345c. Change
over4-quarter
spans2
(Ann. rate,
percent)
(
3
)
H1.2
-0.1
-0.2
(
r22CL4
0.0
-0.4
-0.3
345c. Change
over 1-quarter
spans2
(Ann. rate,
percent)
3.6
7.5
9.'6
8.7
B.Q
8.7
&\9
1979
r9.4
0.0
10.3
7.9
-0.3
-1.0
p-5,6
&\9
8.6
-5.3
r-5.3
r-5.6
&\9
rs.'g
9,0
254^9
1980
January .
February
March . .
. . .
April
May
June
p245.6
pO.2
p9.3
102.8
H02.3
101.9
r-0,5
r-0.4
pl01.2
p-0.7
r26i!6
rlO.O
July
August . .
September
October .
November
December
NOTE: Series are seasonally adjusted except those series that appear to contain noseasonal movement. Unadjusted series are indicated by <®. Series numbers are for identification only and
do not reflect series relationships or order. Complete titles and sources are shown at the back of the book. The "r" indicates revised; "p", preliminary; "e", estimated; "a", anticipated; and
"NA", not available.
Graphs of these series are shown on pages 49 and 50.
1
Adjusted for overtime (in manufacturing only} and interindustry employment shifts.
2
Percent changes are centered within the spans: 1-month changes are placed on the 2d month, 6-month changes are placed on the
4th month, 1-quarter changes are placed on the 1st month of the 2d quarter, and 4-quarter changes are placed on the middle month
of the 3d quarter.
3
See "New Features and Changes for This Issue/' page iii.
MAY 1980
87
OTHER IMPORTANT ECONOMIC MEASURES
PRICES, WAGES, AND PRODUCTIVITY—Con.
^9 WAGES AND PRODUCTIVITY-Con.
Average hourly compensation, all employees,
nonfarm business sector-Con.
Year
and
month
Real compensation
346. Index
(1967-100)
(
2
)
346c. Change
over 1-quarter
spans1
(Ann. rate,
percent)
(
2
)
346c. Change
over 4-quarter
spans1
(Ann. rate,
percent)
(
2
Negotiated wage and benefit
decisions, all industries©
348. First year 349. Average
average changes changes over
life ot
contract
(Ann. rate,
percent)
(Ann. rate,
percent)
)
Output per hour, all persons, private
business sector
370. Index
(1967-100)
(*)
370c. Change
over 1 -quarter
spans1
(Ann. rate,
percent)
(
2
)
370c. Change
over 4-quarter
spans1
358. Index of
output per hour,
all persons,
nonfarm
business sector
(Ann. rats,
percent)
(">
(1967-100)
(
2
)
1978
January
February
March
rl!6.6
April
May
June
riie.'i
July
August
September ... .
riis.'g
October
November
December
nis.'y
r3.3
O!B
13.2
r-0.7
-oig
-lie
rll9.'l
7.2
6.1
5.9
(X2
riie.'i
6is
rll6*7
oii
rll7.*5
-oie
rl!7.*7
-iie
neia
-ii?
nsis
r-1.2
nsii
2.0
6.0
rO.'l
r-0.4
-1.5
H18.5
6.8
r-1.8
8.2
riig.'e
5.2
2.4
0.3
rl!9.*9
1979
January
February ....
March
mis
April
May
June
Ilii2
July
August
September
m'.b
October
November
December
niis
2.8
-0.8
5.3
-4.3
10.5
7.8
-3.*4
9.0
-4.3
nsii
6.1
r4i?
-4.0
-3.0
119 f O
-2.6
-2.2
-1.4
118.0
8.5
6.0
-0.3
11A9
115i4
1980
January
February ...
March
nioii
r-6.0
p8.6
r-1.0
p6.4
rniig
rll7.*6
April
May
June . .
July
August
September
October
November
December ...
NOTE: Series are seasonally adjusted except those series that appear to contain noseasonal movement. Unadjusted seriesare indicated by @. Series numbers are for identification only and
do not reflect series relationships or order. Complete titles and sources are shown at the back of the book. The "r" indicates revised; "p", preliminary; "e", estimated; "a", anticipated; and
"NA", not available.
Graphs of these series are shown on pages 49 and 50.
^Percent changes are centered within the spans: 1-quarter changes are placed on the 1st month of the 2d quarter and 4-quarter
changes are placed on the middle month of the 3d quarter.
2
See "New Features and Changes for This Issue," page iii.
MAY 1980
OTHER IMPORTANT ECONOMIC MEASURES
C I LABOR FORCE, EMPLOYMENT, AND UNEMPLOYMENT
Qj CIVILIAN LABOR FORCE AND MAJOR COMPONENTS
Civilian labor force
Year
and
month
441. Total
442. Em-
ployed
(Thous.}
(Thous.}
Labor force participation rates
451, Males
20 years
and over
452. Females 453. Both
20 years
sexes, 16-19
and over
years of age
(Percent)
(Percent)
(Percent)
448. Num-
Number unemployed
37. Total
(Thous.)
445. Females 446. Both
444. Males
20 years and 20 years and sexes, 16-19
over
over
years of age
(Thous.)
(Thous.)
{Thous.)
447. Fulltime
workers
(Thous.}
ber employed
part-time
for economic
reasons
(Thous.)
1978
99,118
99,009
99,281
92,813
92,921
93,128
79.8
79.7
79.8
48.9
48.8
49.0
57.1
56.8
56.8
6,305
6,088
6,153
2,437
2,361
2,379
2,314
2,126
2,171
1,554
1,601
1,603
4,948
4,812
4,799
3,071
3,227
3,204
April
May
June
99,819
100,242
100,458
93,763
94,116
94,556
79.8
79.9
79.8
49.4
49.5
49.6
57.3
58.3
58.3
6,056
6,126
5,902
2,274
2,278
2,171
2,219
2,295
2,275
1,563
1,553
1,456
4,644
4,802
4,581
3,281
3,226
3,329
July
August
September
100,656
100,731
100,944
94,428
94,802
94,973
79.7
79.7
79.6
49.8
49.6
50.0
58.6
59.1
58.3
6,228
5,929
5,971
2,190
2,177
2,180
2,425
2,219
2,241
1,613
1,533
1,550
4,887
4,612
4,647
3,266
3,256
3,248
October
November
December
101,189
101,610
101,815
95 401
95,728
95,831
79.6
79.9
80.0
50.0
50,1
50.1
58.6
58.5
58.5
5,788
5,882
5,984
2,139
2,110
2,198
2,107
2,215
2,212
1,542
1,557
1,574
4,475
4,491
4,609
3,231
3,163
3,082
102,061
102,379
102,505
96,157
96,496
96,623
80.0
80.1
79.9
50.1
50.3
50.4
58.9
58.8
58.6
5,904
5,883
5,882
2,167
2,138
2,164
2,195
2,202
2,212
1,542
1,543
1,506
4,514
4,565
4,539
3,203
3,176
3,211
102,198
102,398
102,476
96,254
96,495
96,652
79.8
79.7
79.7
50.2
50.4
50.3
58.2
57.9
57.7
5,944
5,903
5,824
2,190
2,130
2,169
2,199
2,208
2,196
1,555
1,565
1,459
4,637
4,533
4,515
3,279
3,283
3,284
103,093
103,128
103,494
97,184
97,004
97,504
79.9
79.8
79.9
50.8
51.0
50.9
57.9
56.3
58.2
5,909
6,124
5,990
2,254
2,286
2,282
2,160
2,304
2,164
1,495
1,534
1,544
4,617
4,727
4,715
3,274
3,298
3,167
103,595
103,652
103,999
97,474
97,608
97,912
79.7
79.5
79.5
50.9
50.9
51.1
57.9
58.1
58.6
6,121
6,044
6,087
2,317
2,335
2,303
2,250
2,197
2,257
1,554
1,512
1,527
4,796
4,770
4,791
3,315
3,392
3,519
104,229
104,260
104,094
97,804
97,953
97,656
79.4
79.6
79.4
51.4
51.3
51.0
58.2
57.4
57,3
6,425
6,307
6,438
2,577
2,507
2,696
2,304
2,254
2,255
1,545
1,547
1,487
5,046
4,942
5,168
3,513
3,406
3,418
104,419
97,154
79.5
51.5
56.3
7,265
3,246
2,534
1,485
5,875
3,816
January
February .
March
...
1979
January
February .
March
....
April ....
May
June
....
July
August ...
September
...
October
November
December
1980
January
February
March . .
....
April
May
June
July
August
September
October . .
November
December
NOTE: Series are seasonally adjusted except those series that appear to contain noseasonal movement. Unadjusted seriesare indicated by (g). Series numbers are for identification only and
do not reflect series relationships or order. Complete titles and sources are shown at the back of the book. The "r" indicates revised; "p", preliminary; "e", estimated; "a", anticipated; and
"NA", not available.
Graphs of these series are shown on page 51.
MAY 1980
OTHER IMPORTANT ECONOMIC MEASURES
D |
GOVERNMENT ACTIVITIES
[g RECEIPTS AND EXPENDITURES
Federal Government*
Year
and
month
Qj DEFENSE INDICATORS
State and local governments'
Advance measures of defense activity
500. Surplus
or deficit
501. Receipts
502. Expenditures
510. Surplus
or deficit
511. Receipts
512. Expenditures
(Ann. rate,
bil. dol.)
(Ann. rate,
bil. do!.}
(Ann. rate,
bil. dol.)
(Ann. rate,
bil. dot.)
(Ann. rate,
bil. dol.)
(Ann. rate,
bil. dol.)
517. Defense
Department
gross obligations incurred
(Mil. dol.)
543. defense
525. Defense
Department
Department
military prime
gross unpaid
contract awards obligations
outstanding
{Mil. dol.)
548. Value of
manufacturers'
new orders,
defense products
(Mil. dol.)
(Mil. dol.)
Revised3
1978
January
February
March
-49 '.4
397 '.8
447 '.3
30.' 2
319*.6
288 '.8
10,537
10,659
10,155
4,853
4,741
4,909
57,304
58,401
58,986
2,735
2,529
4,393
April
May . . . .
June
-24^6
424!8
449^4
29!e
330 ! 5
301 !6
10,242
10,793
10,094
4,970
6,204
7,081
59,348
60,723
60,549
3,761
3,946
3,237
July
August
September
-2CL4
442!l
462! 6
22!7
331 '.8
309 *.i
10,327
10,278
10,256
3,,928
4,924
4,855
61,833
62,028
62,730
2,157
3,214
3,279
October
November
December
-16!3
463. '5
479^7
27J
342! 6
315^5
10,214
10,484
10,282
4,343
6,509
4,568
63,006
63,440
64,470
3,867
4,381
4,101
-ll!?
475!6
486"! 8
27*.6
343 '.9
31 6." 3
10,787
10,250
11,741
5,706
4,773
5,763
65,120
48,267
67,128
2,684
3,871
3,102
-7.'6
485i8
492^9
19!?
345. '9
326J
9,297
10,935
10,926
4,936
4,720
5,117
68,883
68,468
68,976
3,181
3,640
2,464
1979
January
February
March
April
May
June
July
August
September
-1K3
504! 8
516.'i
25.*3
359^8
334^5
12,657
11,052
11,965
6,135
5,282
6,364
70,252
81,542
71 ,886
2,332
3 S 029
4,237
October
November
December
-15,'?
524.*7
540 .'4
25. *8
368.*7
342 ,*9
11,679
10,730
11,565
4,318
5,670
5,489
64,325
68,634
68,525
3,048
4,033
3,787
p-21.6
p540.8
r562.3
p23.8
P375.1
r351.3
12,563
12,419
5,515
7,1! 52
70,088
68,497
3,352
3,681
4,594
1980
January
February
March
(NA)
(NA)
(NA)
April
May
June
p4,871
July
August
September
October
November .....
December
NOTE: Series are seasonally adjusted except those series that appear to contain noseasonal movement. Unadjusted series are indicated by ©.Series numbers are for identification only and
do not reflect series relationships or order. Complete titles and sources are shown at the back of the book. The "r" indicates revised; "p", preliminary; "e", estimated; "a", anticipated; and
"NA", not available.
Graphs of these series are shown on pages 52 and 53.
1
Based on national income and product accounts.
2
See "New Features and Changes for This Issue," page iii.
90
MAY 1980
OTHER IMPORTANT ECONOMIC MEASURES
D|
GOVERNMENT ACTIVITIES—Con.
Qj DEFENSE INDICATORS— Con.
National defense
purchases
Intermediate and final measures of defense activity
Year
and
month
557. Output of 559. Manufacdefense and
turers' invenspace equipment tories, defense
products
(1967 = 100)
{Mil. dol.)
Revised
561. Manufacturers' unfilled
orders, defense
products
580. Defense
Department
net outlays
588. Manufacturers' shipments, defense
products
(Mil. do!.}
(Mil. dol.)
(Mil. dol.)
1
Revised
570. EmployDefense Department
ment in defense
personnel
products
industries
577. Military, 578. Civilian,
active duty ® direct hire
employment @
(Thous.)
(Thous.)
(Thous.)
564. Federal
purchases of
goods and
services
• (Ann. rate,
bil. dol.)
565. Federal
purchases as
a percent of
GNP
(Percent)
1
1978
82.6
80.8
83.9
6,441
6,606
6,626
34,633
34,511
36,108
8,493
8,271
8,375
2,532
2,652
2,795
1,120
1,125
1,138
2,065
2,062
2,058
982
982
982
97^6
4^9
84.9
84.9
85.6
6,736
6,828
6,804
37,150
38,382
38,914
9,056
8,217
9,072
2,719
2,714
2,705
1,142
1,160
1,170
2,054
2,046
2,057
982
988
1,000
98.' 2
4^7
July
August
September
87.5
87.9
89.0
6,901
6,896
6,905
38,467
38,993
39,499
8,394
9,638
8,592
2,604
2 S 688
2,773
1,182
1,190
1,190
2,062
2,062
2,062
1,002
994
980
99^6
4^6
October
November
December
89.3
90.3
91.4
7,013
7,004
7,170
40,660
42,293
43,563
9,026
8,762
9,407
2,706
2,748
2,832
1,202
1,213
1,230
2,058
2,050
2,041
981
981
978
101 .'2
4.*5
January
February
March
92.4
92.4
92.9
7,397
7,485
7,586
43,409
44,515
44,588
9,645
9,452
9,525
2,838
2,765
3,029
1,235
1,254
1,269
2,040
2,030
2,026
972
971
968
103!4
4^5
April
May
June
92.9
92.5
92.3
7,573
7,806
7,953
44,854
45,670
45,138
9,299
9,781
9,425
2,915
2,824
2,996
1,275
1,280
1,290
2,022
2,018
2,024
968
972
979
106.'6
4^5
July
August
September
92.8
92.0
94.0
8,048
8,178
8,553
44,656 '
44,697
46,000
10,499
10,103
9,982
2,814
2,988
2,934
1,301
1,303
1,316
2,027
2,024
2,027
982
974
960
109!6
4^5
October
November
December
94.0
95.0
95.9
8,871
9,275
9,462
46,010
46,893
47,492
9,982
10,206
11,182
3,038
3,150
3,188
1,327
1,339
1,347
2,030
2,029
2,020
964
967
967
114^6
4^7
January
February
March
r95.8
95.8
95.7
9,592
9,619
10,075
47,769
48,196
49,401
11,341
rl 0,632
pll.235
3,076
3,253
3,389
1,349
1,355
pi ,366
2,029
2,032
2,033
964
965
966
iigie
r4.8
April
p95.8
p3,333
(NA)
p2,028
p969
January
February
March
April
May
June
. .
1979
. ...
1980
May
(NA)
p50,941
(NA)
June
July
August
September
October
NovemberDecember
NOTE: Series are seasonally adjusted except those series that appear to contain noseasonal movement. Unadjusted series are indicated by @. Series numbers are for identification only and
do not reflect series relationships or order. Complete titles and sources are shown at the back of the book. The "r" indicates revised; "p", preliminary; "e", estimated; "a", anticipated; and
"NA", not available.
Graphs of these series are shown on pages 54 and 55.
1
See "New Features and Changes for This Issue/' page iii.
ItUI
MAY 1980
91
OTHER IMPORTANT ECONOMIC MEASURES
E I
U.S. INTERNATIONAL TRANSACTIONS
Q| MERCHANDISE TRADE
Year
and
month
602. Exports, excluding
military aid shipments,
total
(Mil.dol.)
604. Exports of agricultural products
(Mil.dol.)
606. Exports of nonelectrical machinery
(Mil.dol.)
612. General imports,
total
614. Imports of
petroleum and
petroleum products
{Mil.dol.)
{Mil.dol.)
616. Imports of
automobiles and parts
(Mil.dol.)
1978
January
February
March
9,863
9,938
11,143
1,818
2,058
2,363
2,084
2,187
2,450
13,103
14,221
14,005
3,000
3,626
3,094
1,529
1,661
1,581
April
May
Juno
11,628
11,776
12,264
2,428
2,861
2,904
2,415
2,472
2,427
14,491
14,012
13,970
3,162
3,038
3,229
1,715
1,659
1,684
July
August
September
11,656
12,286
13,275
2,392
2,774
2,512
2,451
2,528
2,815
14,543
14,130
14,821
3,194
3,257
3,307
1,812
1,666
1,822
October
November
December .
12,901
13,448
13,282
2,596
2,533
2,555
2,625
2,718
2,824
14,852
14,818
15,028
3,347
3,489
3,588
1,872
1,875
1,822
January
February
March
13,265
13,616
14,297
2,338
2,424
2,682
2,682
2,832
2,917
16,528
14,605
15,358
3,580
3,634
3,667
1,963
1,706
1,589
April
May
June
13,979
14,083
14,817
2,547
2,450
2,909
2,706
2,859
3,034
15,841
16,438
16,835
3,832
4,000
4,199
1,956
1,851
1,730
July
August ...
September
15,691
15,713
15,822
3,103
3,141
3,059
3,022
3,241
3,153
16,806
18,277
18,407
4,692
4,949
5,662
1,816
2,113
1,849
October
November
December
16,680
16,928
16,742
3,254
3,415
3,434
3,251
3,172
3,240
19,037
18,548
19,665
6,050
5,351
6,502
1,805
1,984
1,871
17,348
17,233
18,534
3,439
3,520
3,331
3,297
3,454
3,423
20,945
21,640
20,607
5,614
7,741
6,991
1,899
2,035
1,960
(NA)
(NA)
(NA)
(NA)
1979
1980
January
February
March
April
May
June
(NA)
(NA)
July
August
September
October
November ....
December
NOTE; Series are seasonally adjusted except those series that appear to contain noseasonal movement. Unadjusted series are indicated by (g). Series numbers are for identification only and
do not reflect series relationships or order. Complete titles and sources are shown at the back of the book. The "r" indicates revised; "p", preliminary; "e", estimated; "a", anticipated; and
"NA", not available,
Graphs of these series are shown on page 56.
92
MAY 1980
OTHER IMPORTANT ECONOMIC MEASURES
E
U.S. INTERNATIONAL TRANSACTIONS—Con.
|Q GOODS AND SERVICES MOVEMENTS (EXCLUDING TRANSFERS UNDER MILITARY GRANTS)
Merchandise, adjusted1
Goods and services
Year
and
month
667. Balance
(Mil.dol.}
668. Exports
(Mil.dol.)
669. Imports
(Mil.dol.)
622. Balance
(Mil. dol.)
618. Exports
(Mil.dol.)
Income on investments
620. Imports
(Mil.dol.)
651. U.S. invest- 652. Foreign
ments abroad
investments in
the U.S.
(Mil.dol.)
(Mil. dol.)
1978
January
February
March
-5,722
48,987
54,709
-11,914
30,713
42,627
9,776
4,537
April
May
June
-2,150
54,346
56,496
-7,944
35,388
43,332
10,256
5,402
July
August
September
-1,932
56,263
58,195
-7,950-
36,532
44,482
10,526
5,574
October
November
December
-1,419
61,423
60,004
-5,951
39,421
45,372
12,907
6,308
1,596
64,941
63,345
-6,197
41,435
47,632
14,082
7,268
553
67,818
67,265
-7,409
42,890
50,299
15,371
7,957
July
August
September
2,508
74,752
72,244
-7,248.
47,235
54,483
17,917
8,743
October
November
December
p671
p78,80C)
P 78,i29
p!8,492
p9,580
1979
January
February
March
April
May
June
p-8,596
p50,51*4
P 59,li6
p-12,222
p53,934
p66,156
1980
January
February
March
(NA)
(NA)
(NA)
(NA)
(NA)
April
May
June
July
August
September
October
November
December
NOTE: Series are seasonally adjusted except those series that appear to contain noseasonal movement. Unadjusted seriesare indicated by ©.Series numbers are for identification only and
do not reflect series relationships or order. Complete titles and sources are shown at the back of the book. The "r" indicates revised; "p", preliminary; "e", estimated; "a", anticipated; and
"NA", not available.
Graphs of these series are shown on page 57.
1
Balance of payments basis: Excludes transfers under military grants and Department of Defense sales contracts (exports) and
Department of Defense purchases (imports).
ItO
MAY 1980
93
OTHER IMPORTANT ECONOMIC MEASURES
F |
INTERNATIONAL COMPARISONS
^H INDUSTRIAL PRODUCTION
47. United States, 721.0ECD 1
European counindex of industrial production tries, index of
industrial
production
Year
and
month
(1967=100)
(1967=100)
728. Japan,
index of industrial production
(1967=100)
725. West
Germany, index
of industrial
production
(1967=100)
726. France,
index of industrial production
722. United
Kingdom, index
of industrial
production
(1967-100)
(1967=100}
727. Italy, index
of industrial
production
(1967=100)
721 Canada,
index of industrial production
(1967-100)
1978
January
February
March
140.0
140.3
142.1
153
152
150
196.9
197.0
199.5
157
152
152
152
152
155
123
124
123
143.8
146.11
145.9
152.8
155.3
155.8
April
May
June
144.4
144.8
146.1
153
152
153
200.5
201.5
201.8
153
152
154
161
157
152
128
126
128
143.5
143.8
145.3
157.5
155.3
IBS. 4
July
August
September
147.1
148.0
148.6
153
152
154
201.8
204.1
206.0
157
156
159
155
155
157
128
128
128
144.4
143.7
146.2
158.1
158.2
164.4
149.7
150.6
151.8
157
157
158
206.9
207.6
210.1
159
159
159
157
159
161
125
126
129
154.3
154.7
151.9
163.5
164.4
165.3
210.2
213,1
212.6
159
157
161
158
161
122
132
133
152.8
160.0
156.0
165.9
165.5
166.6
158
160
214.2
218.5
218.8
161
160
164
158
162
161
132
134
136
156.7
151.9
145.1
164.1
165.0
163.5
163
158
161
220.8
223.0
220.0
170
163
164
168
168
165
134
130
128
150.4
150.1
159.4
166.8
166.6
169.8
225.5
228.3
227.4
166
167
166
161
163
166
165.4
166.4
164.1
168.4
167.7
r!63.1
r!66.8
p!74.0
(NA)
r!64.4
r!64.7
p!66.8
October
. November
December
1979
January
February
March
151.5
152.0
153.0
April
May
Juno
150.8
152.4
152.6
July
August
September
152.8
151.6
152.4
October
November
December
152.2
152.1
152.2
rl61
r!63
January
February
March
H52.6
rl52.3
r151.3
(NA)
April
May
June
p!48.5
r!54
157
r!57
r!58
163
T159
r!29
r!32
130
1980
July
August . .
September
r 230.6
r!68
P243.3
pi 70
163
pi 65
130
pi 28
(NA)
(NA)
(NA)
(NA)
(NA)
...
October
November
December
NQTF,: Series are seasonally adjusted except those series that appear to contain noseasonal movement. Unadjusted seriesare indicated by ©. Series numbers are for identification only and
do not reflect series relationships or grder. Complete titles and sources are shown at the back of the book. The "r" indicates revised; "p", preliminary; "e", estimated; "a", anticipated; and
"NA", not available.
•*
Graphs of these series are shown on page 58.
Organization for Economic Cooperation and Development.
94
MAY 1980
OTHER IMPORTANT ECONOMIC MEASURES
INTERNATIONAL COMPARISONS—Con.
Q CONSUMER PRICES
Year
and
month
United States
Japan
West Germany
France
United Kingdom
320. Index® 320c. Change
over 6-month
spans1
738. Index® 738c. Change
over 6-month
spans1
735. Index® 735c. Change
over 6-month
spans1
736. Index® 736c. Change
over 6-month
spans1
732. Index® 732c. Change
over 6-month
spans1
(1967=100)
(Ann. rate,
percent)
(1967=100)
(Ann. rate,
percent)
(1967=100)
(Ann. rate,
percent)
(1967=100)
(Ann. rate,
percent)
(1967=100)
(Ann. rate,
percent)
January
February
March
187.2
188.4
189.8
8.1
8.5
9.2
246.1
247.1
249.4
3.0
3.9
4.1
158.3
159.1
159.5
2.4
2.4
2.5
222.8
224.4
226.4
8,4
9.3
9.9
304.4
306.2
308.1
6.7
6.5
6.8
April
May ...
June
191.5
193.3
195.3
9.3
9.3
9.5
252.1
253.5
252.1
5.4
5.9
3.6
160.0
160.3
160.8
2.8
2.2
1.9
228.9
231.1
232.8
11 .7
11 .2
312.6
314.4
316.8
8.4
9.0
8.5
July
August
September
196.7
197.8
199.3
9.7
9.4
8.9
253.1
253.3
256.4
3.6
3.1
2.9
160.5
160.3
160.2
2.1
2.4
2.5
235.7
237.1
238.6
10.2
318.2
320.3
321.6
8.8
9.4
9.8
October
November
December
200.9
202.0
202.9
9.5
256.8
254.1
253.7
1.2
10.6
10.9
0.9
160.3
160.8
161.4
3.0
3.5
4.3
240.8
242.1
243.2
10.4
January
February
March
204.7
207.1
209.1
11.1
12.0
12.9
253.9
253.1
255.1
1.8
3.1
4.6
162.9
163.6
164.4
4,4
4.3
4.7
245.5
247.1
249.4
April
May
June
211.5
214.1
216.6
13.2
12.9
13.3
258.6
261.3
261.5
7.3
7.0
5.3
165.3
165.7
166.6
6.0
5.8
5.8
July . . .
August
September
218.9
221.1
223.4
13.4
13.3
13.8
263.8
261.1
264.4
6.7
6.9
6.9
167.7
167.8
168.3
October
November
December
225.4
227.5
229.9
14.5
15.3
15.9
267.7
266.7
268.3
6.0
8,9
January
February
March
233.2
236.4
239.8
15.7
270.8
273.3
275.5
April . .
May
June .
242.5
1978
-0.7
10.1
9.8
9.6
8.7
9.1
323.1
325.3
328.0
10.3
10.2
11.2
10.4
10.9
332.9
335.6
338.3
11.4
11.4
13.2
251.8
254.5
256.6
11.9
12.6
11.7
344.1
346.8
352.8
21.5
21.4
22.1
6.0
6.4
6.1
260.0
262.7
264.9
12.7
12.4
12.8
368.0
370.9
374.6
23.2
23,7
21.5
168.7
169.3
170.1
4.0
5.4
5.6
268.1
269.8
272.0
14.2
14.7
15.6
378.5
381.8
384.6
15.4
16.8
17.4
171.0
172.8
173.8
5.6
277.2
280.2
283.4
(NA)
394.1
399.7
405.1
20.4
1979
10.8
9.8
1980
(NA)
(NA)
174.9
(NA)
419.0
July
August
September
October
November
December
NOTE: Series are seasonally adjusted except those series that appear to contain noseasonal movement. Unadjusted series are indicated by ®. Series numbers are for identification only and
do not reflect series relationships or order. Complete titles and sources are shown at the back of the book. The "r" indicates revised; "p", preliminary; "e", estimated; "a", anticipated; and
"NA", not available.
Graphs of these series are shown on page 59.
Changes over 6-month spans are centered on the 4th month.
MAY 1980
95
OTHER IMPORTANT ECONOMIC MEASURES
F I
INTERNATIONAL COMPARISONS—Con.
Q
Qj STOCK PRICES
CONSUMER PRICES-Con.
748. Japan,
index of
stock
prices©
745. West
Germany,
index of
stock
prices®
746. France,
index of
stock
prices®
742, United
Kingdom,
index of
stock
prices®
747. Italy,
index of
stock
prices®
743. Canada,
index of
stock
prices®
(1967=100)
(1967=100)
(1967-100)
(1967=100)
(1967-100)
(1967-100)
98.2
96.8
96.6
339.0
348.3
359.7
126.5
127.9
126.1
100.3
120.0
198.2
187.7
187.5
40.7
43.5
42.8
99.1
98.7
105.3
19. United
States, index
of stock
737. Index© 737c. Change 733. Index® 733c. Change prices, 500
over 6-month
over 6-month common
stocks©
spans1
spans1
Canada
Italy
Year
and
month
(Ann. rate,
percent)
(1967-100)
(Ann. rate,
percent)
(1967-100)
January
February
March
271.1
273.9
277.4
10.3
10.9
11.5
194.0
195.3
197.5
8.5-
April
May
June
280.0
282.7
285.1
12.1
12.6
12.0
197.9
200.7
202.4
11.0
9.6
7.3
100.8
106.0
106.2
371.8
371.0
373.2
124.9
124.0
127.1
130.6
133.3
135.7
191.9
202.9
201.2
41.4
43.2
44.0
106.9
109.4
109.1
July
August
September
286.8
288.3
292.9
12.7
11.8
11.5
205.4
205.5
205.2
8.6
8.2
7.7
105.7
113.0
113.0
382.8
380.3
387.6
129.1
132.3
136.4
149.8
150.6
165.1
204.4
220.3
223.3
44.8
48.4
57.3
116.7
120.8
129.5
October
November
December
295.5
298.6
300.1
12.7
13.8
14.1
207.3
209.0
209.6
6.8
8.7
109.4
103.3
104.5
395.0
398.9
404.9
138.7
134.8
133.9
158.7
155.4
158.7
217.4
208.1
213.3
57.5
51.6
51.2
122.3
129.1
131.7
305.1
309.7
313.8
14.5
15.6
15.6
211.2
213.2
215.7
10.9
10.1
9.9
108.5
106.9
108.9
416.1
409.9
405.7
135.0
131.9
131.2
160.9
149.9
155.4
211.1
212.2
240.8
52.4
54.8
57.9
138.4
141.1
150.7
April
May
June
317.8
321.3
323.9
14.9
15.5
17.8
217.2
219.3
220.3
9.5
8.5
8.5
111.0
108.5
110.7
402.9
411.1
402.3
130.6
127.8
121.7
164.5
162.0
171.7
255.7
255.0
241.0
54.1
56.8
58.0
149,5
154.8
168.9
July
August
September
326.7
330.6
339.2
19.2
19.4
r21.7
222.1
222.9
224.9
7.9
8.8
9.5
111.7
116.8
118.1
400.6
408.0
412.5
122.0
124.3
125.7
173.7
188.6
207.4
232.8
233.9
236.3
58.8
61.7
63.0
159.4
178.6
191,7
October
November
December
345.5
350.3
r356.6
r26.2
r26.4
r23.0
226.5
228.7
230.1
10.0
10.4
113.6
112.8
117.2
408.2
403.4
410.8
123.5
118.3
118.8
187.5
189.1
186.8
238.9
215.6
217.1
62.6
58.6
55.4
175.2
189.3
199.5
r368.4
r374.7
r378.1
22.8
231.3
233.3
235.8
10.3
120,6
125.5
113.9
420.1
425.5
413.0
117.2
123.3
118.1
203.8
207.4
rp!94.6
224.3
239.4
p232.0
59.8
61.1
61.1
224.7
256.3
203.2
112.0
p!16.7
417.6
p418.9
116.5
pllS.3
rpl91.0
p!97.8
rp228.3
p233.6
rp60.9
p62.0
rp!91.3
p!93.7
(1967=100)
1978
9.3
9.6
10.9
98.0
1979
January
February
March
.*
9.9
1980
January
February
March
April
May
Juno
384.1
237.2
July
August
September
October
November
December
NOTE: Series are seasonally adjusted except those series that appear to contain noseasonal movement. Unadjusted seriesare indicated by ®. Series numbers are for identification only and
do not reflect series relationships or order. Complete titles and sources are shown at the back of the book. The "r" indicates revised; "p", preliminary; "e", estimated; "a", anticipated; and
"NA", not available.
Graphs of these series are shown on page 59.
1
Changcs over 6-month spans are centered on the 4th month.
96
MAY 1980
APPENDIXES
B, Current Adjustment Factors
Series
July
5. Average weekly Initial claims, State
unemployment insurance . .
13. New business incorporations
109 6
1
100.6
15. Profits (after taxes) per dollar of sales,
manufacturing2
33. Net change in mortgage debt
1 3
86.0
104.4
IS 79
Sept. Oct.
789
19 30
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
75 9
87.7
100.8
131 3
150.1
114.8
90.4
85.7
80 3
87.1
90.2
103.1
90.5
94.5
105.8
93.2
105.6
104.8
103.5
104.2
98.1
21
72. Commercial and industrial loans
outstanding
Aug.
98.3
109.2
94.5
152
-127
-196
474
-1913
-1989
-317
189
1033
1847
100.7
101.3
100.1
99.1
100.0
100.2
100.3
100.4
91.4
108.7
91.2
89.3
99.6
87.4
91.9
99.8
99.1
99.1
99.8
Defense Department gross obligations
incurred 1
86.1
84.8
122.2
140.7
113.3
Defense Department military prime
contract awards
76.5
74.3
172.4
150.4
105.6
102.1
90.3
69.9
111 .5
82.9
87.8
78.2
95 0
92.1
95.5
101.0
104.1
104.0
104.5
106.3
100.9
101.4
99.7
97.6
99.9
99.7
100.1
99.9
100.0
100.0
100.2
100.1
99.8
99.9
100.4
100.3
97 8
106.8
93.7
102.0
103.5
92.5
96.6
102.9
102.0
100.0
101.9
100.9
87 5
87.1
89.4
107.8
no. 8
107.2
95.3
95.3
110.7
10516
103.9
99.8
606. Exports of nonelectrical machinery
95.4
91.2
93.2
100.8
99.1
104.4
93.7
95.5
114.4
104.4
106.9
614. Imports of petroleum and products1
101 .4
101.4
102.9
93.4
96.9
107.7
93.0
97.8
112.5
90.6
84.7
97.4
100.3
100.5
105.8
98.7
107.0
118.8
101.3
517.
525.
543.
570.
Defense Department gross unpaid
obi igations outstanding 1
. .
Employment in defense products industries .
1
'580
Defense Department net outlays
604
Exports of agricultural products.
616.
. . . .
Imports of automobiles and parts 1
. . . .
92.2
103.2
79.1
103.2'
98.8
108.2
NOTE: These series are seasonally adjusted by the Bureau of Economic Analysis or the National Bureau of Economic Research, Inc.,
rather than by the source agency. Seasonal adjustments are kept current by the Bureau of Economic Analysis. Seasonally adjusted
data prepared by the source agency will be used in BUSINESS CONDITIONS DIGEST whenever they are available. For a description of the
method used to compute these factors, see Bureau of the Census Technical Paper No. 15, THE x-H VARIANT OF THE CENSUS METHOD II SEASONAL ADJUSTMENT PROGRAM.
factors are the products of seasonal and trading-day factors.
Quarterly
series; factors are placed in the middle month of the quarter.
3
These quantities, in millions of dollars, are subtracted from the month-to-month net change in the unadjusted monthly totals to
yield the seasonally adjusted net change. These factors are computed by the additive version of the X-11 variant of the Census Method II seasonal adjustment program.
97
C. Historical Data for Selected Series
Quarterly
Monthly
Year
Jan.
Apr.
Mar.
Feb.
May
June
July
Aug.
Annual
Sept.
Oct.
Nov.
Dec.
IQ
MQ
23. INDEX OF INDUSTRIAL MATERIALS PRICES ®
(1967=100)
II! Q
IV Q
AVERAGE FOR PERIOD
1048...
1949...
1930...
1931...
1952...
1953...
1954...
1955...
1936...
1957...
1958...
1959...
1960...
1961...
1962...
1963...
129.1
116.6
94.1
173.0
130.3
102.2
91.6
101.7
112.2
109.0
92.8
99.2
105.3
96.9
102.5
9S.1
124.2
110.3
93.2
174.3
123.3
101.5
91.0
103.3
110.4
105.6
93.0
99.1
103.9
98.9
100.2
94.7
119.2
101.8
92.9
169.4
118.4
102.6
92.3
101.4
110.7
105.3
92.2
100.7
102.0
102.7
100.0
94.0
120,7
91,2
94.0
167.1
115.0
97.8
95,7
103.0
111.2
104.3
89.8
101.7
103.4
103.7
97.9
94.1
119.9
89.9
98.2
164.7
113.3
97.1
96.7
101.7
107.3
103.4
90.2
102.4
103.7
104.0
97.4
94.8
121.3
87.0
101.8
156.8
110.4
96.6
97.4
103.0
104.4
104.0
91.7
102.8
102.3
100.6
95.0
93.5
121.1
88.6
112.8
139.0
108.9
9§.9
96.3
106.8
104.9
103.4
94.3
102.8
101.2
101.3
93.8
93.8
121.9
93.5
127.7
134.1
108.4
95.4
95.9
108.2
107.8
102.7
96.0
103.3
101.7
102.5
94.1
93.8
120.2
95.0
142.7
132.6
108.8
93.3
97.3
109.6
109.8
99.6
95.9
104.7
100.8
102.5
93.6
93.7
118.0
91.1
148.1
135. §
105.7
90.4
99.0
108.8
109.0
96.5
98.9
105.4
99.3
101.9
94. §
95.9
121.3
93.8
158.8
133.5
105.7
92.8
99.5
110.3
111.9
94.5
101.4
105.5
98.1
98.5
96.0
96.9
119.4
92.8
164.0
133.3
104.8
92.7
99.3
113.5 1
112. 0
93.9
99.9
104.4
96.4
100.6
95.4
97.3
124.2
109.6
93.4
172.2
124.0
102.1
91.6
102.1
111.1
106.6
92.7
99.7
103.7
99.5
100.9
94.6
120.6
89.4
98.0
162.9
112.9
97.2
96.6
102.6
107.6
103.9
90.6
102.3
103.1
102.8
96.8
94.1
123.. 1
92.4
127.7
135.2
106.7
94.9
96.5
108.2
107.5
101.9
95.4
103.6
101.2
102.1
93.8
93.8
119.6
92.6
157.0
134.1
105. 4
92.0
99.3
110.9
111.0
95.0
100.1
105.1
97.9
100.3
93.3
96.7
121.4
96. Q
119.0
151.1
112.8
96.1
96.9
105.')
109.3
101. H
94.7
102.7
101.. S
101.2
96.7
94.8
1964...
1963,. .
1966...
1967...
1968...
1969...
1970...
1971...
1972...
1973...
1974...
1975...
1976...
1977...
1978...
1979...
19BQ...
98.1
110.2
120.0
106.4
99.4
103.0
118.9
105.9
110.7
139.3
215.9
180.1
183.6
210.2
219.7
258.3
98.1
110.3
122.4
104.8
99.1
105.9
119.5
107.2
113.0
147.5
232.0
181.1
186.6
216.4
219.9
273. S
98.5
112.7
123.0
102.1
99.7
106.5
118.7
107.8
117.2
155. 3
237.2
182.3
193.2
222.8
219.8
288.5
102.0
116.2
121.0
99.7
97.9
108.9
118.2
110.2
119.5
158.2
238.4
186.4
200.9
221.9
220.3
294.5
100.5
116.4
117.8
99.2
95.7
110.0
117.5
108.6
124.3
162.9
226.2
184.2
202.7
218.1
217.8
293.8
101.0
114.8
117.9
99.4
95.2
111.2
114.8
106.1
123.8
170.1
227.5
173.2
205.2
206.4
222.1
293.9
102.1
114.1
118.3
97.9
94.0
112.0
112.4
104.7
123.7
178.1
228.2
171.5
214.1
204.1
224.7
297.3
105.3
114.7
111.3
97.7
94.5
114.5
111.2
106.1
124.6
189.8
224.2
179.6
209.6
202.7
232.6
298.1
107.8
114.3
108.5
97.4
95.7
116.9
110. §
107.5
124.8
186.3
214.7
184.2
206.2
202.9
239.1
297.3
111.6
114.5
105.9
97.
97.
115.
109.
107.
128.
188.1
204.4
181.9
201.6
204.7
249.4
307.7
112.7
115.0
105.5
98.7
99.9
115.1
108.8
106.9
131.6
192.4
196.4
179.8
201.0
203.8
254.8
304,0
112.1
116.6
105.4
99.7
100.3
116.7
106.4
106.8
134.8
208.9
183.4
180.6
203.2
210.9
251.8
309.6
98.2
111.1
121.8
104.4
99.4
105.1
119.0
107.0
113.6
147.4
228.4
181.2
187.8
216.5
219.8
273.4
101.2
115.8
118.9
99,4
96.3
110.0
116.8
108.3
122.5
163.7
230.7
181.3
202.9
215.5
220.1
294.1
105.1
114.4
112. ,7
97, ,7
94,7
114.5
111 ,,4
106,1
124,4
184.7
222.4
178.4
210.0
203.2
232.1
297.6
112.1
115.4
103.6
98.6
99.1
115.6
108.2
107.0
131.5
196.5
194.7
180.8
201.9
206. S
252.0
307.1
104.2
114.2
114.8
100. Q
97.4
111.3
113.9
107.1
123.0
173.1
219.0
180.4
200.7
210.4
231.0
293.0
967.
1948...
1949...
1950...
1951...
19S2...
1953...
1954...
1955..,
1956...
1957...
1958...
1959...
I960...
1961...
1962...
1963...
1964...
196S...
1966...
1967...
1968...
1969...
1970...
1971...
1972...
1973...
1974...
1975...
1976...
1977...
1978...
1979...
1980...
DIFFUSION INDEX OF INDUSTRIAL MATERIALS PRICES — 13 INDUSTRIAL MATERIALS
(PERCENT HISING OVER 1 -MONTH SPANS)
®
AVERAGE FOR PERIOD
61.5
92.3
23.1
26.9
46.2
76.9
46.2
34.6
46.2
42.3
6S.4
38.5
69.2
53.8
23.1
7.7
26.9
6S.4
26.9
46.2
34.6
6S.4
50.0
30.8
38.5
50.0
46.2
73.1
34.6
61.5
23.1
26.9
S7.7
34.6
30.8
46.2
73.1
42.3
50.0
46.2
38.5
73.1
42.3
80.8
46.2
46.2
53.8
19.2
61.5
46.2
23.1
3.8
73.1
65.4
42.3
46.2
38.5
SO.O
50.0
69.2
38.5
50.0
§3.8
42.3
73.1
30.8
42.3
57.7
46.2
38.5
23.1
42.3
61.5
57.7
42.3
57.7
§3.8
46.2
42.3
34.6
76.9
30.8
50.0
46.2
69.2
73.1
26.9
50.0
73.1
57.7
§7.7
42.3
30.8
61. §
46.2
§3.8
88.5
11.5
42.3
42.3
30.8
76.9
46.2
38.5
92.3
§3.8
46.2
53.8
30.8
34.6
50.0
88.5
96.2
26.9
46.2
46.2
42.3
53.8
73.1
42.3
76.9
§7.7
46.2
76.9
46.2
42.3
38.5
69.2
92.3
46.2
53.8
30.8
80.8
69.2
73.1
26.9
34.6
65.4
34.6
53.8
50.0
46.2
50.0
23.1
73.1
61.5
34.6
26.9
§3.8
38.5
61.5
34.6
69.2
§3.8
23.1
42.3
57.7
73.1
69.2
69.2
84.6
50.0
42.3
61. §
50.0
84.6
65.4
38.5
88,5
61. §
46.2
26.9
76.9
65.4
50.0
§0.0
80.8
53.8
§0.0
50.0
§3.8
69.2
50.0
50.0
30.8
53.8
26.9
61. §
34.6
61. §
57.7
26.9
69.2
53.8
50.0
§0.0
57.7
34.6
76.9
84.6
73.1
38.5
65.4
69.2
69.2
61. S
50.0
50.0
SO.O
34.6
38.5
73.1
46.2
61.5
73.1
92.3
73.1
69.2
61.5
73.1
34.6
76.9
46.2
73.1
57.7
26.9
T>7.7
33.8
50.0
73.1
84.6
69.2
S3. 8
30.8
73.1
80.8
46.2
76.9
69.2
34.6
50.0
34,6
34.6
80.8
50.0
76.9
69.2
65.4
61.5
§7.7
65.4
34.6
SO.O
69.2
26.9
57.7
23.1
34.6
26.9
50.0
46.2
38.5
57.7
73.1
34.6
30.8
65.4
34.6
61.5
42.3
26.9
46.2
34.6
57.7
42.3
69.2
30.8
46.2
§3.8
73.1
46.2
46.2
69.2
15.4
80.8
53.8
61.5
38.5
34.6
26.9
30.8
73.1
30.8
46.2
61.5
69.2
38.5
§7.7
73.1
34.6
65.4
46.2
73.1
50.0
19.2
§0.0
65.4
69.2
34.6
61.5
69.2
61.5
34.6
53.8
34.6
50.0
69.2
30.8
65.4
53.8
7.7
42.3
65.4
§0.0
30.8
53.8
57.7
34.6
50.0
57.7
34.6
50.0
76.9
53.8
88. §
61.5
26.9
53.8
76.9
46.2
34.6
§0.0
61.5
42.3
26.9
34.6
50.0
50.0
88.5
62.5
69.2
42.3
57.7
§7.7
76.9
65.4
42.3
53.8
§3.8
73.1
23.1
53.8
61,5
37.5
80.8
61.5
50.0
61.5
42.3
61. §
53.8
65.4
42.3
53.8
76.9
73.1
23.1
57.7
65.4
§7.7
42.3
76.9
61.5
100.0
15.4
46.2
38.5
61.5
84.6
42.3
23.1
76.9
53.8
38.5
53.8
34.6
53.8
19 2
65^4
100.0
23.1
42.3
38.5
61.5
73.1
57.7
23.1
73.1
46.2
46.2
53.8
50.0
69.2
11*5
76.9
100.0
30.8
23.1
46.2
61.5
69.2
42.3
19.2
69.2
46.2
53.8
38.5
65.4
80.8
14*!i
69.2
70.5
24.3
18.0
33.8
65.4
§0.0
46.2
3§.9
66.6
51.3
§8.9
32.1
67.9
3.8
94.9
;>5.7
;>5.7
19.2
60.2
73.1
§0.0
25.7
61.5
62.8
38.5
64.1
15.4
60.2
69.2
57.7
3.8
38.5
92.3
69.2
23.1
53.8
76.9
92.3
23.1
42.3
76.9
45.8
88.5
76.9
57.7
3.8
38.5
92.3
76.9
38.5
84.6
76.9
84.6
19.2
65.4
73.1
62.5
88.5
80.8
§0.0
3.8
42.3
84.6
69.2
46.2
84.6
92.3
76.9
19.2
65.4
69.2
75.0
92.3
71.8
71.8
42.3
14.1
41.0
76.9
55.1
46.2
87.2
94.9
69.2
17.9
70.5
§2.6
63.9
93.6
75.6
47.4
25.6
14.1
50.0
79 . 5
30.8
§9.0
85.9
84.6
51.3
...
sols
48.7
64.1
26.9
39.8
51.3
61.5
48.7
37.2
41.1
55.1
51.3
64.1
50.0
53.8
50.0
32.0
70.5
3§.9
38.5
35.9
62.8
59.0
30.8
46.2
§7.7
§5.1
§0.0
56.4
41.0
§2.6
44.9
70.3
92.3
28.2
47. '1
39.8
51.3
66.6
64.1
35.9
67. S
59. C
42.3
61.5
42.3
41.0
56.4
47.4
79.5
§5.1
42.3
46.1
52.5
64.1
39.0
41. Q
62.8
56.4
32.1
43.6
56.4
66.7
42.9
72.8
4S.8
38.8
40.4
54.5
62.8
50.6
40.1
57.4
56.4
43.9
56. 4
47.4
53.5
51.3
§0.0
59.0
38.4
48.7
59.0
51.3
56.4
78.2
82.0
66.7
46.2
66.7
74.4
50.0
71.8
41.0
62.8
35.9
42.3
34.6
66.7
42.3
53.9
60.2
70.5
47.4
44.9
66.7
28.2
64.1
§5.1
66.7
47.4
20.5
39.7
53.9
64.1
32.1
53.8
62.8
55.1
41.0
56.4
47.4
44.9
70.5
43.6
69.2
55.1
42.3
57.7
69.2
59.0
39.7
52. §
64.1
62.8
24.4
48.7
59,0
48.4
70.5
67.0
57.0
53.8
39.4
44.5
51.6
62.2
41.4
54.2
66.3
67.6
44.9
49.0
59.9
49.0
S3. 8
S9.4
2i!e
967. DIFFUSION INDEX OP INDUSTRIAL MATERIALS PRltES — 13 INDUSTRIAL MATERIALS ®
{PERCENT RISING OVER 9-MONTH SPANS)
1948. . .
1949...
1950...
1951...
1952...
1953...
1954.. .
1955...
1956...
1957...
1958...
1959...
1960...
1961...
1962...
1963...
1964.. .
1965...
1966...
1967...
1968...
1969...
1970...
1971...
1972...
1973...
1974...
1975...
1976...
1977...
1978...
1979...
1980...
11.5
61.5
92.3
26.9
23.1
46.2
53.8
53.8
46.2
26.9
69.2
53.8
61. S
30.8
65.4
76.9
73.1
53.8
7.7
38. S
76.9
69.2
46.2
84.6
100.0
69.2
19.2
65.4
57.7
66.7
96.2
11. S
61.5
76.9
19.2
IS. 4
53.8
69.2
46.2
46.2
34.6
69.2
53.8
61.3
34.6
69.2
76.9
80.8
38.5
19.2
§3.8
76.9
61.5
46.2
84.6
92.3
76.9
15.4
6S.4
50.0
66.7
96.2
1
19.2
84.6
42.3
26.9
13.4
63L.5
73.1
50.0
46.2
46.2
61.5
46.2
53.8
30.8
69.2
61.5
69.2
46.2
30.8
65.4
53.8
30.8
53.8
15.4
61.5
0.0
92.3
23.1
23.1
IS. 4
57.7
76.9
46.2
23.1
50.0
57.7
38. §
69.2
11.5
65.4
61.5
61,5
34.6
15.4
30.8
76.9
34.6
46.2
92.3
92.3
61.5
19,2
80.8
SO.O
§8.3
88.5
69.2
42.3
38.5
11.5
46.2
76.9
30.8
46.2
92.3
92.3
61.5
50,0
69.2
50.0
69.2
80.8
76.9
SO.O
26.9
19.2
42.3
•76.9
26.9
61. §
84.6
80.8
46.2
42.3
73.1
46.2
HO. 8
84.6
3.8
92.3
30.8
23.1
IS. 4
46 .2
7.7
100.0
23.1
30.8
26.9
61.5
73.1
57.7
23.1
69.2
76.9
46.2
69.2
19.2
53.8
38.5
23 !l
100.0
23.1
30.8
30.8
53.8
76.9
53.8
15.4
84.6
61.5
34.6
50.0
30.8
53.8
80.8
50.0
11.5
11.5
61.5
84.6
34.6
69.2
80.8
80.8
46.2
57.7
65. 4
46.2
84.6
91.7
84.6
57.7
11.5
34.6
65.4
80.8
23.1
§3.8
69.2
80.8
38.5
34.6
§7.7
45.8
88. §
66.7
53 . 8
53 8
34^6
6l!§
100.0
100.0
15.4
15.4
42.3
34.6
38.5
30.8
61.5
69.2
84.6
84.6
57.7
53.8
15.4
23.1
76.9
76.9
61.5
61.5
23.1
30.8
§3.8
69.2
38.5
34.6
53.8
57.7
76.9
57.7
11.5
30,8
57.7
76.9
19.2
§3.8
61.5
88.5
23.1
50.0
61. §
29.2
92.3
66.7
61.5
50.0
3.8
38.5
80.8
69.2
26,9
46.2
61.5
88.5
23.1
42.3
76.9
41.7
88.5
58.3
NOTE: These series contain no revisions but are reprinted for the convenience of the user.
AVERAGE FOR PERIOD
se.o
69.2
47.5
78.2
85.7
48 7
39!7
100.0
18.0
35.9
33.4
61.5
82.0
55.1
18.0
79.5
61.5
29.5
57.7
34.6
55.1
<\*
£1 ,<\J
67.9
100.0
23.1
37.2
41.1
61.5
75.6
47.4
21.8
73.1
48.7
46.2
48.7
50.0
67.9
31.4
91.0
34.3
30.8
27.9
§9.3
74. Q
SO. 6
27.9
62.5
59.9
41.4
57.3
33.0
62.8
74.3
§5.1
8.9
34.6
68.0
75.6
23.1
§1.3
64.1
85.9
28.2
42.3
65.4
38.9
89.8
63.9
75.6
55.1
3.8
39.8
89.7
71.8
35.9
74.3
82.0
84.6
20. S
57.7
73.1
61.1
89.8
74.3
57.4
20.2
25.6
•62.2
7S.9
36.2
§7.7
79.8
87.8
42.3
42.0
69.6
30.0
80.4
(MAY 1980)
C. Historical Data for Selected Series—Continued
Quarterly
Monthly
Year
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
320. INDEX OF CONSUMER PRICES, ALL ITEMS1
(1967=100)
Sept.
Oct.
Nov.
Dec.
IQ
Ml Q
MQ
Annual
IV Q
®
AVERAGE FOR PERIOD
1948...
1949...
1950...
1951...
1952...
1953...
1954...
1955...
1956...
1957...
1958...
1959,..
1960...
1961...
1962...
1963.*.
71.0
72.0
70.5
76.1
79.3
79.8
80.7
80.1
80.3
82.8
85.7
86.8
87.9
89.3
89.9
91.1
70.4
71.2
70.3
77.0
78.8
79.4
80.6
80.1
80.3
83.1
85.8
86.7
88.0
89.3
90.1
91.2
70.2
71.4
70.6
77.3
78.8
79.6
80.5
80.1
80.4
83.3
86.4
86.7
88.0
89.3
90.3
91.3
71.2
71.5
70.7
77.4
79.1
79.7
80.3
80.1
80.5
83.6
86.6
86.8
88.5
89.3
90.5
91.3
71.7
71.4
71.0
77.7
79.2
79.9
80.6
80.1
80.9
83.8
86.6
86.9
88.5
89.3
90.5
91.3
72.2
71.5
71.4
77.6
79.4
80.2
80.7
80.1
81.4
84.3
86.7
87.3
88.7
89.4
90.5
91.7
73.1
71.0
72.1
77.7
80.0
80.4
80.7
80.4
82.0
84.7
86.8
87.5
88.7
89.8
90.7
92.1
73.4
71.2
72.7
77.7
80.1
80.6
80.6
80.2
81.9
84.8
86.7
87.4
88.7
89.7
90.7
92.1
73.4
71.5
73.2
78.2
80.0
80.7
80.4
80.5
82.0
84.9
86.7
87.7
88.8
89.9
91.2
92.1
73.1
71.1
73.6
78.6
"80.1
80.9
80.2
80.5
82.5
84.9
66.7
88.0
89.2
89.9
91.1
92.2
72.6
71.2
73.9
79.0
80.1
80.6
80.3
80.6
82.5
85.2
86.8
88.0
89.3
89.9
91.1
92.3
72.1
70.8
74.9
79.3
80.0
80.5
80.1
80.4
82.7
85.2
86.7
88.0
89.3
89.9
91.0
92.5
70.5
71.5
70.5
76.8
79.0
79.6
80.6
80.1
80.3
83.1
86.0
86.7
88.0
89.3
90.1
91.2
71.7
71.5
71.0
77.6
79.2
79.9
80.5
80.1
80.9
83.9
86.6
87.0
88.6
89.3
90.5
91.4
73.3
71.2
72.7
77.9
80.0
80.6
80.6
80.4
82.0
84.8
86.7
87.5
88.7
89.8
90.9
92.1
72.6
71.0
74.1
79.0
80.1
80.7
80.2
80.5
82.6
85.1
86.7
88.0
89.3
89.9
91.1
92.3
72.1
71.4
72.1
77.8
79.5
80.1
80.5
80.2
81.4
84.3
86.6
87.3
88.7
89.6
90.6
91.7
1964.,.
1965...
1966...
1967...
1968...
1969...
1970...
1971...
1972...
1973
1974...
1975...
1976...
1977...
1978...
1979...
1980...
92.6
93.6
95.4
98.6
102.0
106.7
113.3
119.2
123.2
127.7
139.7
156.1
166.7
175.3
187.2
204.7
92.5
93.6
96.0
98.7
102.3
107.1
113.9
119.4
123.8
128.6
141.5
157.2
167.1
177.1
188.4
207.1
92.6
93.7
96.3
98.9
102.8
108.0
114.5
119.8
124.0
129.8
143.1
157.8
167.5
178.2
189.8
209.1
92.7
94.0
96.7
99.1
103.1
108.7
115.2
120.2
124.3
130.7
143.9
158.6
168.2
179.6
191.5
211.5
92.7
94.2
96.8
99.4
103.4
109.0
115.7
120.8
124.7
131.5
145.5
159.3
169.2
180.6
193.3
214.1
92.9
94.7
97.1
99.7
104.0
109.7
116.3
121.5
125.0
132.4
146.9
160.6
170.1
181.8
195.3
216.6
93.1
94.8
97.4
100.2
104.5
110.2
116.7
121.8
125.5
132.7
148.0
162.3
171.1
182.6
196.7
218.9
93.0
94.6
97.9
100.5
104.8
110.7
116.9
122.1
125.7
135.1
149.9
162.8
171.9
183.3
197.8
221.1
93.2
94.8
98.1
100.7
105.1
111.2
117.5
122.2
126.2
135.5
151.7
163.6
172.6
184.0
199.3
223.4
93.3
94.9
98.5
101.0
105.7
111.6
118.1
122.4
126.6
136.6
153.0
164.6
173.3
184.5
200.9
225.4
93.5
95.1
98.5
101.3
106.1
112.2
118.5
122.6
126.9
137.6
154.3
165.6
173.8
185.4
202.0
227.5
93.6
95.4
98.6
101.6
106.4
112.9
119.1
123.1
127.3
138.5
155.4
166.3
174.3
186.1
202.9
229.9
92.6
93.6
95.9
98.7
102.4
107.3
113.9
119.5
123.7
128.7
141.4
157.0
167.1
176.9
188.5
207.0
92.8
94.3
96.9
99.4
103.5
109.1
115.7
120.8
124.7
131.5
145.4
159.5
169.2
180.7
193.4
214.1
93.1
94.7 .
97.8
100.5
104.8
110.7
117.0
122.0
125.8
134.4
149.9
162.9
171.9
183.3
197.9
221.1
93.5
95.1
98.5
101.3
106.1
112.2
118.6
122.7
126.9
137.6
154.2
165.5
173.8
185.3
201.9
227.6
92.9
94.5
97.2
100.0
104.2
109.8
116.3
121.3
125.3
133.1
147.7
161.2
170.5
181.5
195.4
217.4
320-C. CHANGE IN INDEX OF CONSUMER PRICES, ALL ITEMS, OVER 1-HONTH SPANS2
(MONTHLY RATE, PERCENT)
AVERAGE FOR PERIOD
1948...
1949...
1950...
1951...
1952...
1953...
1954...
1955...
1956...
1957...
1958...
1959...
1960...
1961...
1962...
1963...
1.2
-0.1
-0.4
1.6
-0.1
-0.3
0.2
0.0
-0.1
0.1
0.6
0.2
-0.1
0.0
0.1
0.2
-0.1
-0.4
0.4
1.8
-0.1
-0.1
0.2
0.2
0.1
0.4
0.2
-0.1
0.1
0.1
0.3
0.1
-0.7
-0.1
0.1
0.2
-0.2
0.1
-0.2
0.0
0.1
0.2
0.7
0.0
0.0
0.0
0.2
0.1
1.4
0.1
0.1
0.1
0.3
0.1
-0.2
0.0
0.1
0.3
0.2
0.0
0.5
-0.1
0.1
-0.1
0.8
-0.1
0.5
0.3
0.0
0.1
0.3
-0.1
0.4
0.2
0.0
0.2
0.1
0.1
0.1
0.1
0.6
0.1
0.5
-0.2
0.2
0.3
0.0
-0.2
0.4
0.4
-0.1
0.3
0.1
0.0
-0.2
0.3
1.0
-0.9
0.7
-0.1
0.6
0.0
-0.3
0.1
0.5
0.3
-0.1
0.1
-0.1
0.3
0.1
0.3
0.1
0.0
0.6
-0.2
0.0
0.2
0.0
-0.1
0.1
0.3
0.1
0.1
0.1
0.0
0.2
0.1
-0.3
0.2
0.6
0.6
-0.2
0.2
-0.2
0.4
0.1
0.1
0.0
0.3
0.0
0.1
0.5
-0.1
-0.2
-0.4
0.6
0.6
0,2
0.2
-0.3
0.0
-0.6
0.0
0.0
0.3
0.5
0.0
-0.1
0.1
-0.6
0.2
0.5
0.5
0.0
-0.3
0.1
0.1
0.1
0.4
0.1
0.0
0.1
0.0
0.1
0.2
-0.5
-0.4
1.5
0.6
0.1
0.0
0.0
0.0
0.4
0.2
0.1
0.1
0.1
0.1
-0.1
0.3
0.1
-0.2
0.0
1.2
-0.1
-0.1
0.1
0.1
0.0
0.2
0.5
0.0
0.0
0.0
0.2
0.1
0.9
0.0
0.4
0.1
0.2
0.2
0.0
-0.1
0.3
0.3
0.0
0.2
0.2
0.0
0.0
0.1
0.3
-0.2
0.6
0.1
0.1
0.1
-0.2
0.1
0.2
0.2
0.0
0.2
0.0
0.1
0.3
0.1
-0.4
-0.2
0.9
0.6
0.1
0.0
-0.1
0.0
0.4
0.2
0.1
0.1
0.2
0.0
0.0
0.2
0.2
-0.1
0.5
0.5
0.1
0.0
0.0
0.0
0.2
0.2
0.2
0.1
0.1
0.0
0.1
0.1
1964...
1965...
1966...
1967...
1968...
1969...
1970...
1971...
1972...
1973...
1974...
1975...
1976...
1977...
1978...
1979...
1980...
0.2
0.1
0.1
0.1
0.4
0.3
0.5
0.2
0.2
0.5
1.1
0.7
0.4
0.7
0.6
0.9
-0.1
0.0
0.6
0.2
0.4
0.5
0.5
0.3
0.4
1.2
1.3
0.5
0.1
0.9
0.6
1.1
0.1
0.1
0.2
0.0
0.3
0.7
0.4
0.2
0.2
0.4
1.0
0.4
0.3
0.6
0.8
1.0
0.1
0.3
0.4
0.2
0.3
0.6
0.6
0.3
0.2
0.8
0.6
0.3
0.2
0.6
0.7
1.0
0.1
0.3
0.2
0.2
0.3
0.3
0.3
0.5
0.2
0.6
1.1
0.4
0.5
0.4
0.8
1.0
0.1
0.4
0.1
0.4
0.4
0.6
0..3
0.5
0.2
0.5
0.8
0.6
0.4
0.6
0.9
1.0
0.0
0.0
0.2
0.3
0.5
0.5
0.3
0.2
0.3
0.1
0.6
1.0
0.5
0.5
0.7
1.1
0.0
-0.1
0.6
0.4
0.5
0.5
0.3
0.2
0.2
1.8
1.3
0.4
0.6
0.4
0.6
1.0
0.2
0.2
0.2
0.3
0.3
0.5
0.5
0.2
0.3
0.3
1.2
0.7
0.5
0.5
0.9
1.2
0.1
0.1
0.4
0.3
0.6
0.5
0.4
0.1
0.2
0.7
0.9
0.7
0.4
0.4
0.9
1.0
0.2
0.3
0.0
0.4
0.5
0.5
0.4
0.2
0.4
0.9
0.9
0.7
0.4
0.6
0.6
1.0
0.1
0.4
0.1
0.3
0.3
0.6
0.5
0.4
0.3
0.7
0.9
0.6
0.5
0.5
0.6
1.2
0.1
0.1
0.3
0.1
0.4
0.5
0.5
0.2
0.3
0.7
1.1
0.5
0.3
0.7
0.7
1.0
0.1
0.3
0.2
0.3
0.3
0.5
0.4
0.4
0.2
0.6
0.8
0.4
0.4
0.5
0.8
1.0
0.1
0.0
0.3
0.
0.
0.
0.
0.
0.
0.7
1.0
0.7
0.5
0.5
0.7
1.1
0.1
0.3
0.2
0.3
0.5
0.5
0.4
0.2
0.3
0.8
0.9
0.7
0.4
0.5
0.7
1.1
0.1
0.2
0.3
0.3
0.4
0.5
0.4
0.3
0.3
0.7
1.0
0.6
0.4
0.6
0.7
1.0
320-C. CHANGE IN INDEX OF CONSUMER PRICES, ALL ITEMS, OVER 6-MONTH SPANS3
(COMPOUND ANNUAL RATE, PERCENT)
AVERAGE FOR PERIOD
1948...
8.1
8.3
6.5
6.2
6.7
7.5
4.2
1.3
-1.0
-3.3
-4.2
-3.7
7.6
6.8
1.5
-3.7
1950...
1951...
0.0
12.0
0.6
11.5
2.4
7.8
4.7
4.2
5.1
0.2
6.0
1.1
7.2
2.0
7.2
2.5
9.4
4.1
11.3
4.2
14.0
4.4
13.1
2.8
5.3
1.8
-0.1
-0.6
0.5
0.7
3.3
4.5
0.6
0.2
0.6
0.0
1.2
3.5
3.7
0.6
0.6
0.5
-0.2
2.1
3.5
3.2
1.1
1.1
-0.5
0.0
3.5
3.8
1.8
0.9
1.9
-0.9
-0.6
3.3
3.6
1.7
1.2
1.9
-1.0
0.3
3.4
3.4
0.2
1.9
2^1
-1.1
0.3
4.3
2.6
-0.2
2.4
0.7
-1.4
1.0
3.6
2.5
0.3
1.9
l.*2
-0.9
0.5
2.8
3,2
0.8
1.6
i.'o
-0.4
0.3
0.0
0.3
3.8
4.0
0.4
1.1
0.3
0.1
0.7
0.6
1.0
0.7
0.7
1*2
1.2
1.8
0*7
-0.8
-0.1
3.4
3.6
1.2
1.3
1.3
0.5
l.*2
-1.3
0.7
3.6
3.0
0.0
2.2
1.5
1.0
1.0
7.9
2.9
1.5
1.3
-1.3
0.7
3.8
2.7
0.0
2.2
1.4
12. a
1953.*!.'
1954...
1955...
1956...
1957...
1958...
1959...
1960 ...
1961...
1962...
1963...
1.4
1.6
1.3
1.1
li.3
0.6
1.4
1.0
10.4
1 4
o!2
0.2
0.1
1.3
3.4
3.8
0.8
1.4
0*3
1.5
1.0
1.3
1.6
1964...
1965...
1966...
1967...
1968...
1969 ...
1970...
1971...
1972...
1973...
1974...
1975...
1976...
1977...
1978...
1979...
1980...
1.4
1.7
4.0
J..3
4.2
5.8
6.7
3.8
3.5
7.2
11.8
7.7
4.4
7.5
8.1
11.1
1.2
1.8
3.9
1.7
4.0
5.3
6.3
3.9
3.5
7.7
12.3
6.6
4.0
7.5
8.5
12.0
1.1
1.0
1*1
0*8
l.*0
-0.6
0.3
3.0
3.3
1.4
1.4
1,8
1.5
2.9
2.3
4.2
5.2
1.2
2.1
3.2
3.3
4.8
6.0
5.2
3.5
3.8
9.0
11.7
6.9
5.4
6.6
9.4
13.5
1*1
1.1
0.5
2.0
3.6
2.7
4.4
0.8
1.8
3.5
3.1
4.5
0.9
2.0
3.5
3.7
4.5
1.1
1.7
3.6
3.9
5.1
1.4
1.7
3.3
4.3
5.5
1.5
1.6
3.2
4.1
5.3
1.6
1.8
3.0
4.2
4.9
1.6
3.4
2.2
4.2
4.8
1.4
3.5
1.7
4.2
5.8
1.2
1.9
3.8
1.8
4.1
0.7
1.9
3.5
3.2
4.5
1.3
1.7
3.4
4.1
5.3
5.7
3.9
3.1
8.2
12.5
6.0
3.6
7.7
9.2
12.9
5.4
4.1
3.3
7.3
11.5
6.6
4.0
7.3
9.3
13.2
5.0
4.1
2.9
8.7
11.5
6.3
5.1
6.2
9.3
12.9
5.1
4.0
3.2
8.5
11.9
6.8
5.6
6.0
9.5
13.3
4.7
3.5
3.2
8.4
12.4
7.7
6.0
5.5
9.7
13.4
4.9
3.0
3.6
9.0
12.0
8.3
5.9
6.0
9.4
13.3
5.2
2.8
3.7
9.4
12.2
8.3
6.0
5.9
8.9
13.8
4.9
2.8
4.0
11.6
12.4
6.9
6,3
6.2
9.5
14.5
4.'?
3.1
6.0
10.5
10.7
6.3
7.0
6.7
10.6
15.3
4.0
3.1
6.1
12.0
9.0
5.5
7.1
7.3
10.9
15.9
6. *2
3.9
3.4
7.7
12.2
6.8
4.0
7.6
8.6
12.0
5.2
4.1
3.1
8.2
11.6
6.6
4.9
6.5
9.4
13.1
4.9
3.1
3.5
8.9
12.2
8.1
6.0
5.8
9.3
13.5
2
This series contains revisions beginning with 1967.
3.8
0.8
-0.4
0.6
3.4
3.4
0.5
1.5
1 7
1*0
1.1
1.4
0.9
2.3
3.4
2.3
4.2
'This series contains no revisions but is reprinted for the convenience of the user.
This series contains revisions beginning with 1966.
1.1
3.6
2.9
0.4
1.7
i!e
3.0
-1.8
6.8
4.7
*
4*5
3.0
5.4
11.4
10.7
6.2
6.8
6.7
10.3
15,2
0*8
1.3
1.4
(WY 1980)
99
C- Historical Data for Selected Series—Continued
Quarterly
Monthly
Year
Jan,
Feb.
Mar.
Apr.
May
June
July
3 2 2 . INDEX OF CONSUMER P R I C E S ,
(1967=100)
1948...
1949...
1950...
1951...
1952...
1953...
1954...
1955...
1956...
1957...
1958...
1959...
I960...
1961...
1962...
1963...
1964...
1965...
1966...
1967...
1968...
1969...
1970...
1971...
1972...
1973...
1974.. .
1975...
1976...
1977...
1978...
1979...
1980...
Sept.
Oct.
Nov.
Dec.
IQ
II Q
Annual
III
Q
IV Q
FOOD 1
AVERAGE FOR PDRIQD
74.6
71.4
80.9
84.8
83.4
83.5
81.6
80.7
83.4
87.4
87.9
86.8
89.4
89.2
91.1
76.0
74.2
72.4
83.7
84.0
83.0
83.6
82.2
80.6
84.2
87.8
87.4
86.7
89.5
89.6
91.2
74.3
74.2
72.3
83.2
83.7
83.0
83.3
82.3
80.8
83.9
89.5
87.0
86.9
89.4
89.9
91.0
76.2
74.3
72.3
82.8
84.3
82.5
83.2
82.3
81.1
84.0
89.8
86.7
88.1
89.2
90.0
90.6
77.2
74.0
72.9
83.0
84.2
82.6
83.3
81.8
81.7
84.2
89.4
86.5
88.1
89.0
89.9
90.8
77.7
74.2
73.7
82.3
84.0
83.3
83.2
81.3
82.5
84.8
88.9
87.0
88.1
88.7
89.6
91.1
78.2
72.8
75.1
82.0
84.7
82.7
83.3
81.4
83.4
85.4
88.5
86.9
87.8
89.0
89.3
91.5
77.9
72.9
75.6
81.7
84.9
83.1
83.1
81.1
82.6
86.3
88.4
86.8
88.1
88.8
89.7
91.6
77.3
73.5
75.7
82.0
84.3
83.3
82.3
81.7
82.8
85.8
88.1
87.0
88.2
88.8
90.7
91.2
76.7
72.8
76.4
83.3
84.4
83.4
82.0
81.4
83.1
85.6
87.9
87.1
89.0
89.0
90.5
91.1
75.3
72.9
76.6
84.0
84.4
82.4
81.9
81.0
83.4
85.6
88.1
87.0
89.4
88.8
90.7
91.5
74.8
72.0
79.0
84.9
84.0
82.9
81.7
81.0
83.5
85.7
87.7
86.9
89.6
88.8
90.1
91.8
75.6
74.3
72.0
82.6
84.2
83.1
83.5
82.0
80.7
83.8
88.2
87.4
86.8
89.4
89.6
91.1
77.0
74.2
73.0
82.7
84.2
82.8
83.2
81.8
81.8
84.3
89.4
86.7
88.1
89.0
89.8
90.8
77.8
73.1
75. 5
81.9
84.6
£3.0
82.9
81.4
82.9
85.8
88.3
86.9
88.0
88.9
89.9
91.4
92.0
92.7
96.8
99.6
101,6
106.1
113.7
115.7
120.7
128.9
154.1
171.9
181.8
184.4
200.4
225.3
92.0
92.5
98.3
99.3
102.0
105.9
114.2
115.9
122.2
130.9
157.5
171.6
179.8
187.5
202.1
228.4
92.0
92.9
99.1
99.1
102.3
106.2
114.1
116.7
122.0
134.0
158.6
171.5
178.9
188.6
204.5
230.6
92,0
93.3
99.2
98.8
102.8
107.0
114,6
117.7
122,2
136.4
158.6
170.8
178.8
190.3
207.2
232.0
92.0
94.1
98.9
99.0
103.2
107.4
115.0
118.3
122.6
138.4
160.2
171.1
179.2
190.8
209.6
233.5
92.2
95.6
98.8
99.6
103.0
108.6
114.8
118.9
122.9
139.9
160.3
173.0
179.5
192.2
212.7
234.2
92.3
95.5
98.4
100.0
103.4
109.2
114.9
118.9
123.3
139.7
159.3
176.5
180.2
192.8
213.5
235.3
92.2
95.0
99.8
100.5
103.9
109.8
115.1
119.2
123.9
148.3
161.8
177.0
181.4
194.1
214.6
235.5
92.8
94.9
100.1
100.5
104.5
110.6
115.7
119.1
124.8
148.0
164.9
178.4
182.2
195,1
216.2
237.9
92.8
95.3
100.4
100.9
105.5
111.0
116.1
119.5
125.4
148.9
166.5
180.3
182.8
195.6
218.3
239.8
93.1
95.6
100.2
101.2
105.5
112.1
115,9
119.9
126.3
150.8
168.7
181.4
182.8
197.4
219.9
241.4
93.1
96.2
99.9
101.4
105.8
113.4
116.1
121.1
127.0
152.2
170.7
182.8
183.7
198.7
222.2
244.8
92.0
92.7
98.1
99.3
102.0
106.1
114.0
116.1
121.6
131.3
156.7
171.7
180.2
186.8
202.3
228.1
92.1
94.3
99.0
99.1
103.0
107.7
114.8
118.3
122.6
138.2
159.7
171.6
179.2
191.1
209.8
233.2
92.4
95.1
99.4
101). 3
103.9
100.9
115,2
119.1
124.0
145.3
162.0
177.3
181.3
194. 0
214.8
236.2
-1.8
0.1
0.3
0.8
0.0
-1.2
-0.1
-0.5
0.4
0.0
0.2
-0.1
0.4
-0.2
0.2
0.4
-0.7
-1.2
3.1
1.1
-0.5
0.6
-0.2
0.0
0.1
0.1
-0.5
-0.1
0.2
0.0
-0.7
0.3
-0.5
-0.3
0.2
1.8
-0.5
-0.4
0.1
0.2
-0.1
0.2
1.5
-0.3
0.0
-0.1
0.4
0.3
1.5
0.0
0.6
-0.4
0.1
0.1
0.0
-0.4
0.7
0.3
-0.2
0.0
0.5
-0.2
-0.1
0.0
-0.2
-0.3
0.9
-0.1
0.1
0.0
-0.4
0.1
0.1
0.4
-0,3
0,,0
0.0
0.0
0,4
0,0
-1.1
-0.7
1.4
1.2
-0.1
-0.2
-0.2
-0.3
0.3
0.0
-0.2
0.0
0.5
0.0
-0.2
0.2
-0.1
-0.3
0,8
O.fi
-0.3
-0.1
-0.1
-0.1
0.2
0.2
0.2
-0.1
0.2
-0.1
0.1
0.2
0.2
-0.2
0.4
0.3
0.5
0.6
0.3
0.1
0.5
2.0
1.0
1.0
0.5
0.5
0.5
G.'S
0.1
0.4
-0.1
0.3
0.4
0.9
0.1
0.5
0.6
0.9
1.2
0.8
0.3
0.6
0.9
1.0
0.1
0.3
0.3
0.1
0.4
0.6
0.2
0.4
0.4
1.6
1.0
0.6
0.0
0.7
0.9
0.8
76.5
322-C
CHANGE IN I N D E X OF CONSUMER PRICES, FOOD , OVER 1-MONTH SPANS 2
(MONTHLY RATE, PERCENT)
1948...
1949...
1950...
1951...
1952...
1953...
1954.. ,
1955,..
19S6...
1957...
1958...
19S9...
I960.. ,
1961...
1962...
1963...
1.3
-0.3
-0.8
2.4
-0.1
-0.7
0.7
-0.1
-0.4
-0.1
2.0
0.2
-0.1
-0.2
0.5
1.1
-0.7
-0.5
1.4
3.5
-0.9
-0.5
0.1
0.7
-0.1
1.0
0.5
-0.6
-0.1
0.1
0.4
0.1
-2.2
0.0
-0.1
»0.6
-0.4
0.0
-0.4
0.1
0.2
-0.4
1.9
-0.5
0.2
-0.1
0.3
-0.2
2.6
0.1
0.0
-0.5
0.7
-0.6
-0.1
0.0
0.4
0.1
0.3
-0.3
1.4
-0.2
0.1
-0.4
1.3
-0.4
0.8
0.2
-0.1
0.1
0.1
-0.6
0.7
0.2
-0.4
-0.2
0.0
-0.2
-0.1
0.2
0.6
0.3
1.1
-0.8
-0.2
0.8
-0.1
-0.6
1.0
0.7
-0.6
0.6
0.0
-0.3
-0.3
0.3
1964...
1965...
1966...
1967...
1968...
1969...
1970...
1971...
1972...
1973...
1974., .
197S...
1976...
1977...
1978.1.
1979...
1980., .
0.2
-0.4
0.6
-0.3
0.2
0.3
0.3
-0.3
-0.3
1.5
1.2
0.7
-0.5
0.4
0.9
1.4
0.0
-0.2
1.5
-0.3
0.4
-0.2
0.4
0.2
1.2
1.6
2.2
-0.2
-1.1
1.7
0.8
1.4
0.0
0.4
0.8
-0.2
0.3
0.3
-0.1
0.7
-0.2
2.4
0.7
-0.1
-0.5
0.6
0.0
0.4
0.1
-0.3
0.5
0.8
0.4
0.9
0.2
1.8
0.0
-0.4
-0.1
0.9
0.0
0.9
-0.3
0.2
0.4
0.4
0.3
0.5
0.3
1.5
1.0
0.2
0.2
0.3
0,2
1.6
-0.1
0.6
-0.2
1.1
-0.2
0.5
0.2
1.1
0.1
1.1
0.2
0.7
1.0
0.6
0.6
0.3
322-C
1948., .
1949...
1950...
1951...
1952...
1953...
1954...
1955 . . .
1956...
1957...
1958...
1959...
1960...
1961...
1962...
1963...
8.7
-6.2
-1.4
17.5
2.4
-4.5
-0.5
0.7
-0.7
2.2
10.1
-2.7
2.3
0.4
2.3
0.2
1964...
1965
19661'.!
1967...
1968...
1969...
1970...
1971.. .
197 2
1973]!]
1974...
1975...
1076...
1977...
1978...
1979...
1980...
2.0
1.1
8*. 4
-3.2
3.8
2.9
6.6
2.8
-2.4
4.0
3.6
5.2
4.2
18!3
13.5
5.2
-1.7
8.4
12.2
12.9
20U
12.9
2.9
-2.4
8.9
12.7
12.8
9.4
-3.4
0.0
17.4
0.5
-4.2
2.2
-0.2
1.7
1.9
9.1
-3.6
2.S
-0,9
2.5
0.2
1.1
2 2
?'.o
0.7
-0.4
-0.1
-0.3
0.3
-0.3
0.4
-0.8
0.8
0.1
0.4
-0.7
0.2
-1.0
0.7
0.2
-0.6
-0.3
0.2
0.1
0.0
-0.4
-0.8
-1.0
0.9
1.6
0.1
0.1
-0.4
-0.4
0.4
-0.2
-0.2
0.1
0.9
0.2
-0.2
-0.1
0.1
-0.1
-0.4
0.4
0.4
0.6
0.1
0.0
0.3
-0.1
-0.6
2.0
0.4
0.3
0.4
0.5
-0.1
-0.5
1.4
0.5
0.5
0.5
0.2
0.3
0.5
6,2
1.6
0.3
0.7
0.7
0.5
0.1
0.7
-0.1
0.3
0.0
0.6
0.7
0.5
-0.1
0.7
-0.2
1.9
0.8
0.4
0.5
0 .7
1.0
0.0
0.4
0.3
0.4
1.0
0.4
0.3
0.3
0.5
0.6
1.0
1.1
0.3
0.3
1.0
0.8
0.3
0.3
-0.2
0.3
0.0
1.0
-0.2
0.3
0.7
1.3
1.3
0.6
0.0
0.9
0,7
0.7
0.0
0.6
-0.3
0.2
0.3
1.2
0.2
1.0
0.6
0.9
1.2
0.8
0.5
0.7
1.0
1.4
0.1
-0.1
1.0
-0.3
0.3
0.1
0.2
0.2
0.2
1.8
1.4
0.1
-0.7
0.9
1*.3
0.1
1.0
-0.1
0.2
0.2
0.8
0.2
0.6
0.2
1.5
0.4
0.3
0.1
0.6
1.3
0.5
8.0
-3.7
1.1
14.5
0.3
-3.5
0.8
-0.2
1.6
2.4
8.9
-2.6
2.5
-0.8
2.2
0.9
5.9
-3.4
9.7
-1.6
1.1
-0.3
-1.4
-1.6
5.6
4.9
0.3
-1.2
2.9
-1.3
0.7
0.7
3.0
3.9
8.2
1.4
5.1
-2*.0
3.6
3.3
6.4
1.7
4.9
1.3
2 9
7*.0
-2.1
3.7
4.0
4.8
4.0
0.9
5 3
2\B
2.0
3.9
7.3
2.2
5.2
2i4
4.1
5.1
8.S
2.2
3.2
12.8
12.5
3.2
6.8
8.4
13.3
8.0
14.8
8.2
0.6
7.1
9.9
13.8
7.9
19.9
12.4
3.6
-2.6
8.9
13.2
12.3
22.6
6.8
6.7
1.2
7.8
12.7
7.3
18.8
11.5
11.8
4.4
6.5
10.1
7.7
1.1
1.1
4.5
-4.8
10.6
2.7
-0.2
-1.7
-0.5
5.1
-3.5
9.0
-4.7
2.2
0.2
-1.2
8.2
-1.9
9.6
-2.9
1.4
0.7
-2.4
1.3
-4.0
11.7
1.2
0.2
2.2
-2.9
-4.9
-3.0
10.4
2.4
0.5
-0.5
-3,3
-7.3
-5.8
14.9
6.4
0.0
-1.0
-3.6
-9.0
-3.8
16.0
6.9
-3.0
1.9
-4.0
-9.3
-1.4
22.6
5.7
1.2
-2.2
-7.9
-3.2
20.8
4.2
-3.1
0.0
0.0
3.7
3.1
7.6
-1.6
2.8
-2.0
1.8
2.2
6.8
4.9
2.5
-2.3
2.3
-0.9
0.2
0.9
5.0
5.1
1.4
-1.4
3.3
-1.6
0.2
0.9
5.0
4.6
-3.1
0.0
3.0
-1.3
1.8
0.4
5.0
3.8
-4.2
0.9
2.1
-0.4
1.1
1.1
4.2
3.4
-2.9
1.2
3.0
-0.4
1.8
1.5
2.4
2.1
-2.7
-0.2
3.4
0.2
1.1
1.5
0.0
4.7
-1.4
-0.2
3.7
0.4
4.1
1.1
3.9
3.5
-2.2
-0.2
3.2
1.8
3.4
0.9
2.7
8.8
-2.5
-0.2
2.7
2.5
0.7
1.8
0.9
0.7
6 1
3 '.3
0.8
3.6
5.9
2.1
5.6
0.4
1.7
1.7
2.4
2.0
0.9
3.1
2.4
3.8
7.5
1.6
5.8
2.3
28.4
5.5
6.4
1.8
7.2
12.8
6.3
2.0
2.8
4.3
8.5
2.8
4.2
4.6
22.0
8.1
8.2
3.7
7.0
11.8
6.4
2.4
4.3
5.3
7.6
2.6
3.1
5*3
19.2
10.2
11.4
4.5
5.6
11.0
6.8
2,6
4.5
4.5
8.9
1.6
2.7
2.2
3.6
5.5
9.0
2.3
3.7
6,8
18.4
13.4
11.7
4.7
6.9
9.1
9.3
2.5
3.2
5.3
8.4
1.4
3.1
l?!s
6.9
5.4
-1.8
9.3
13.5
9.1
2
is!?
10.9
12.4
4.1
7.0
10.1
6.9
93.0
95.7
100.2
101.2
105.6
112.2
116.0
120,2
126.2
150.6
168.6
181.5
183.1
197.2
220.1
242.0
76.6
73.5
74.5
82.8
84.3
83.0
82.8
81.6
82.2
84.9
88,5
07,1
88,0
89.1
09.9
91.2
92.4
94.4
99.1
100.0
103.6
108,9
114.9
118.4
123.5
141.4
161.7
175.4
180.8
192.2
211.4
2 3 4 . r>
AVE RAGE FOR PERIOD
5.9
-1.6
4.8
8.5
-2.1
-1.7
0.7
5*. 5
-0.6
3.2
5.4
2.5
4.9
3.0
21.3
10.9
2.7
-3.6
9.5
14.6
11.1
75.6
72.6
77.3
84.1
84.3
82.9
81.9
81.1
83,, 1
85.6
87.9
87.0
89.3
88.9
90.4
91.5
AVEKAGO FOR PERIOD
-0.4
0.1
0.7
-0.4
0.2
0.5
-0.2
-0.4
-1.0
1.1
-0.1
-0.1
0.3
-0.2
0.4
0.1
0.6
-1.9
1.9
-0.4
0.8
-0.7
0,1
0.1
CHANGE IN INDEX OF CONSUMER PRICES, FOOD, OVER 6-MONTH SPAWS 3
(COMPOUND ANNUAL RATE, P E R C E N T )
'This series contains revisions beginning with 1969.
This series contains revisions beginning with 1967
100
Aug.
21.7
16.4
6.1
4.7
8.0
11.4
8.2
This series contains revisions be ginning with 1968.
-4.4
0.7
-i!o
0.2
-3.6
-4.3
12.3
3.i
0.2
0.2
-3.3
3.9
3.1
-3.3
0.6
2.8
-0.2
1.3
1.4
2.0
-8.7
-2.8
19.8
5.6
-3.5
1.0
-2.1
-1.7
2.2
3.7
-2.0
-0.2
3.2
1.6
2.7
1.3
0.4
-.-3.5
10.8
5.4
-Q.5
-0,6
-1.5
-1.3
3.3
4.0
1.0
-0.9
2.9
-0.2
1.8
1.1
0.6
6.3
-0.2
3.3
4.2
7.7
1.5
4.4
12.1
16.4
12.4
3.3
6.2
8.8
12.8
8.0
1.2
3!o
1.8
4.2
6.9
2.6
4.2
6.5
19.4
10.8
6.4
2,3
8.0
12.2
8.8
(MAY
1980)
C. Historical Data for Selected Series—Continued
Monthly
Year
Jan.
Mar.
Feb.
Apr.
May
June
Quarterly
July
Aug.
Sept.
Oct.
Nov.
Dec.
IQ
334. INDEX OF PRODUCER PRICES, F I N I S H E D CONSUMER GOODS1
(1967=100)
II Q
Annual
III
Q
IV Q
AVERAGE FOR PERIOD
1948...
1949...
1950...
1951...
1952...
1953...
1954...
1955...
1956...
1957...
1958...
1959...
1960...
1961...
1962...
1963...
86.4
84.9
80.8
90.8
91.2
89.3
89.5
88.8
86.4
91.3
94.1
93.9
93.3
95.0
94.8
94.4
85.6
83.9
81.1
92.3
91.2
89.1
89.0
89.0
88.6
91.7
94.1
93.8
93.3
95.4
94.9
94.2
85.6
83.7
81.1
92.1
91.3
89.0
89.0
88.6
89.1
91.6
95.2
93.6
94.2
94.9
94.6
93.6
86.2
83.3
81.1
92.4
91.0
88.7
89.5
88.8
89.0
91.8
94.6
93.9
94.4
94.4
94.3
93.7
86.7
82.9
81.7
92.6
90.8
88.9
89.6
88.3
89.8
91.9
94.9
93.7
94.3
93.9
94.3
94.2
87.1
82.8
82.1
92.3
90.6
89.0
89.1
88.9
90.2
92.3
94.7
93.7
94.4
93.8
94.0
94.4
87.4
82.0
83.8
91.4
91.0
89.2
89.3
88.0
89.9
92.6
94.5
93.4
94.7
94.0
94.0
94.4
87.6
81.8
85.4
91.2
90.9
89.1
89.2
88.2
89.8
92.8
94.3
93.1
94.6
94.3
94.6
94,2
87.2
81.6
86.2
91.1
90.5
89.7
88.6
88.4
90.4
92.6
94.4
94.2
94.6
94.0
95.5
94.1
86.8
81.4
86.6
91.6
90.3
89.3
88.5
88.2
90.6
93.0
94.1
93,3
95.3
93.9
94.7
94.2
86.1
81.3
87.5
91,7
90.0
88.9
88.7
88.4
91.0
93.4
94.0
92.9
95.5
94.0
94.8
94.3
85,5
80.8
89.2
91.8
89,1
89.0
88.6
88.5
91.2
93.8
94.0
93.2
95.2
94.4
94.5
94.1
85.9
84.2
81.0
91.7
91.2
89.1
89.2
88.8
&8.7
91.5
94.5
93.8
93.6
95.1
94.8
94.1
86.7
83.0
81.6
92.4
90.8
88.9
89.4
88.7
89.7
92.0
94.7
93.8
94.4
94.0
94.2
94.1
87.4
81.8
85.1
91.2
90.8
89.3
89.0
88.2
90.0
92.7
94.4
93.6
94.6
94.1
94.7
94.2
86.1
81.2
87.8
91.7
89.8
89.1
88.6
88.4
90.9
93.4
94.0
93.1
95.3
94,1
94.7
94.2
86.5
82.5
83.9
91.8
90.7
89.1
89.1
88.5
89.8
92.4
94.4
93.6
94.5
94.3
94.6
94.2
1964...
1965...
1966...
1967...
1968...
1969...
1970...
1971...
1972...
1973...
1974...
1975...
1976...
1977...
1978...
1979...
1980...
94.7
94.5
98.2
99.5
100.9
104.4
109.6
111.1
114.4
120.8
139.4
159.5
168.2
173.0
184.5
94.0
94,5
99.0
99.3
101.5
104.3
109.4
111,6
114.9
122.3
142.5
159.0
167.1
174.7
186.1
206.1
94.1
94.9
99.3
99.0
101.8
104.8
109.5
111.8
114.8
125.5
143.7
158.6
167.0
176.4
187.2
94.1
95.6
99.4
99.3
102.2
105.3
109.6
112.4
114.9
126.4
144.8
160.0
168.2
177.5
189.5
94.3
96.2
98.9
100.1
102.9
106.9
109.7
112.6
116.8
128.4
149.4
164.1
168.8
179.4
193.7
214.8
94,3
96.4
100.2
100.4
103.0
107.1
109.5
113.4
117.3
134.0
152.0
165.7
168.9
180.2
194.3
218.3
94.5
96.9
100.3
100.6
103.9
108.1
110.5
113.6
117.6
133.2
156.2
168.2
170.0
181.3
197.5
94.4
97.3
100.0
100.8
104,0
109.0
110.9
114.0
118.4
134.5
159.4
168.8
170.8
182.6
198.6
94.3
98.1
99.7
101.0
104.1
109.1
110.7
114,8
119.6
135.6
159.1
168.9
172.6
183.4
201.1
222.2
224.8
227.9
229.9
94.3
94.6
98.8
99.3
101.4
104.5
109.5
111.5
114.7
122.9
141,9
159.0
167.4
174.7
185.9
206.1
94.1
95.9
99.0
99.6
102.4
106.1
109.5
112.8
115.6
127.5
145.5
161.2
168.4
178.5
190.8
210.8
94.4
96.4
99.9
100.4
103.2
107.1
110.0
113.1
117.4
132.0
151.6
165.5
169.0
180.0
194.6
218.4
94.4
97.4
100.0
100.8
104.0
108.7
110.7
114.1
118.5
134.4
158.2
168.6
171.1
182.4
199.1
209.7
94.2
96.3
98.5
100.2
102.6
106.8
109.6
113.2
116.2
128.9
145.5
162.5
168.6
178.9
192.2
212.0
94.5
96.5
100.5
100.7
103.7
107.4
110.7
113.2
118.1
133.5
153.4
166.8
169.4
180.4
195.7
208.4
94.0
95.9
99.0
99.4
102.3
106.2
109.3
112.8
115.6
127.3
146.2
161.1
168.4
179.0
190.8
210.8
94.3
96.1
99.4
100.0
102.7
106.6
110.0
112.7
116.6
129.2
149.3
163.6
169.0
178.9
192.6
215.7
203.7
334-C. CHANGE IN INDEX OF PRODUCER PRICES, FINISHED CONSUMER GOODS, OVER 1-MONTH
(MONTHLY RATE, PERCENT)
SPAMS 1
AVERAGE FOR PERIOD
-0.2
0.9
-0.1
-0.4
0.7
-0.7
0.2
0.7
-0.2
0.1
1.2
0.0
-0.3
1.0
-0,1
-0.5
-0.2
0.5
0.5
-0.2
-0.4
-0.1
-0.2
0.2
0.4
-0.3
-1.0
0.7
-0.1
-0.8
0.1
-0.8
-0.1
1.0
0.1
-0.3
-0.4
0.2
0.2
0.4
0.4
-0.1
-0.4
0.2
0.1
0.1
0,1
-0.7
-0.6
1.9
0.1
-1.0
0.1
-0.1
0.1
0.2
0.4
0.0
0.3
-0.3
0.4
-0.3
-0.2
0.4
-0.7
0.1
1.1
-0.2
0.0
0.0
0.0
0.2
0.1
0.5
-0.1
0.4
-0.1
0.1
-0.3
0.6
-0.4
0.4
0.1
-0.2
0.0
0.0
0.1
0.4
0.2
-0.2
0.0
0.1
-0.4
-0.2
0.3
0.0
-0.5
1.6
-0.4
0.0
0.3
-0.2
-0,2
0.1
0.1
-0.1
0.2
0.1
0.1
0.5
-0.1
-0.7
-0.3
1.1
0.2
-0.5
-0.2
0.0
0.0
0.3
0.4
-0.1
-0.4
0.2
0.1
-0.3
0.0
0.1
-0.5
0.8
0.2
-0.2
0.0
0.0
0.0
0.2
0.2
0.0
-0.1
0.2
-0.1
0.0
0.0
0.2
0.1
0.3
0.3
0.7
0.3
1.1
-0.2
0.7
-0.4
0.9
0.7
0.3
0.1
0.7
1.8
0.0
0.4
-0.2
-0.1
0.2
0.7
-0.2
0.4
-0.4
-0,2
1.8
0.8
0.4
0.5
0.9
1.2
-0.1
0.4
-0,3
0.2
0.1
0.8
0.4
0.4
0.7
1.0
2.0
0.4
0.5
0.7
0.6
1.4
-0.1
0.8
-0.3
0.2
0.1
0.1
-0.2
0.7
1.0
0.8
-0.2
0.1
1.1
0.4
1.3
0.9
0.0
0.2
0.4
-0.2
0.3
0.2
0.1
0.4
0.0
1.6
1.9
-0.1
-0.4
0.7
0.7
1.2
0.0
0.5
-0.3
0.4
0.3
0.7
0.0
0.4
0.4
0.9
0.4
0.8
0.3
0.4
0.9
0.6
0.1
0.1
0.7
0.2
0.4
0.2
0.3
0.0
0.5
1.2
1.8
0.9
0.2
0.3
0.6
1.6
-0.1
0.5
-0.3
0.1
0.1
0.5
0.0
0.5
0.4
0.5
1.2
0.4
0.7
0.5
0.9
1.2
0.0
0.3
0.1
0.1
0.3
0.4
0.1
0.3
0.3
1.1
1.3
0.5
0.2
0.5
0.8
1.1
-8.3
-1.7
16.8
0.0
-3.9
-0.2
-0.4
0.9
4.3
2.8
-1.1
0.4
1.7
1.3
-0.8
-0.4
-7.9
-1.2
14.2
0.4
-3.3
-1.6
0.0
1.6
2.7
5.7
-1.7
0.0
0.6
1.3
-3.9
0.0
8.4
-7.1
1.2
11.0
-2.0
-2.0
0.7
0.2
3.0
2.4
2.9
-0.5
2.7
-2.7
0.2
-1.2
3.6
-5.5
10.5
-1.1
-0.9
0.5
-0.3
-1.4
3.0
2.5
-0.1
-0.4
2.2
-2.1
-0.1
0.4
-1.2
-4.4
15.6
-1.6
-2.2
0.5
-1.8
-0.7
2.8
3.1
-1.5
-1.4
2.1
0.1
1.0
0.2
1948...
1949.. .
1950...
1951...
1952...
1953...
1954...
1955...
1956...
1957...
1958...
1959...
1960...
1961...
1962...
1963...
2.2
-0.7
0.0
1.8
-0.7
0.2
0.6
0.2
-0.1
0.1
0.3
-0.1
0.1
-0.2
0.4
-0.1
-0.9
-1.2
0.4
1.7
0.0
-0.2
-0.6
0.2
0.2
0.4
0.0
-0.1
0.0
0.4
0.1
-0.2
0.0
-0.2
0.0
-0.2
0.1
-0.1
0.0
-0.4
0.6
-0.1
1.2
-0.2
1.0
-0.5
-0.3
-0.6
0.7
-0.5
0.0
0.3
-0.3
-0.3
0.6
0.2
-0.1
0.2
-0.6
0.3
0.2
-0.5
-0.3
0.1
0.6
-0.5
0.7
0.2
-0.2
0.2
0.1
-0.6
0.9
0.1
0.3
-0.2
-0.1
-0.5
0.0
0.5
0.5
-0.1
0.5
-0.3
-0.2
0.1
-0.6
0.7
0.4
0.4
-0.2
0.0
0.1
-0.1
-0.3
0.2
0.3
-1.0
2.1
-1.0
0.4
0.2
0.2
-1.0
-0.3
0.3
-0.2
-0.3
0.3
0.2
0.0
0.0
0.2
-0.2
1.9
-0.2
-0.1
-0.1
-0.1
0.2
-0.1
0.2
-0.2
-0.3
-0.1
0.3
0.6
-0.2
-0.5
1964...
1965...
1966...
1967...
1968...
1969...
1970...
1971...
1972...
1973...
1974...
1975...
1976...
1977...
1978...
1979...
1980...
0.6
0.2
0.1
-0.2
-0.1
0.3
0.5
0.4
-0.3
1.0
2.8
0.3
-0.4
0.2
0.6
1.3
-0.7
0.0
0.8
-0.2
0.6
-0.1
-0.2
0.5
0.4
1.2
2.2
-0.3
-0.7
1.0
0.9
1.2
0.1
0.4
0.3
-0.3
0.3
0.5
0.1
0.2
-0.1
2.6
0.8
-0.3
-0.1
1.0
0.6
1.1
0.0
0.7
0.1
0.3
0.4
0.5
0,1
0.5
0.1
0.7
0.8
0.9
0.7
0.6
1.2
0.6
-0.1
0.3
-0.4
0.1
0.1
0.9
-0.3
0.4
0.6
0.7
1.0
0,7
0.1
0.8
0.7
0.5
0.2
0.4
-0.5
0.8
0.3
0,6
0.3
0.4
0.5
1.3
-0.5
0.9
0.1
-0.1
0.7
0.6
0.1
-0,1
0.4
-0.1
0.3
0.1
0.1
-0.5
0.5
-0.4
2.7
1.0
0.1
0.3
0.8
1.3
0.0
0.2
1.3
0.3
0.1
0.2
-0.2
0.7
0.4
4.4
1.7
1.0
0.1
0.4
0,3
1.6
334-C, CHANGE IN INDEX OP PRODUCER PRICES, F I N I S H E D CONSUMER GOODS, OVER 6-MONTH SPANS 2
(COMPOUND ANNUAL RATE, PERCENT)
1948...
1949...
1950...
1951...
1952...
1953...
1954...
1955...
1956...
1957...
1958...
1959...
I960.. .
1961...
1962...
1963...
1964...
,
10.2
-7.9
-0.7
13.8
-1.3
-3.5
0.4
0.7
1.8
2.7
3.5
-0.4
2.4
-1.9
0.9
-2.1
8.9
-7.3
1.0
12.0
-2.0
-2.4
1.6
-0.9
3.2
2.0
3.2
-0.6
3.0
-3.3
0.6
-1.3
6.2
-6.2
3.2
7.1
-2.6
-0.2
0.2
0.7
3.9
2.4
1.9
-0.6
2.6
-2.9
-0.8
-0.2
-0.2
-0.6
0.2
5.2
-2.0
3.2
2.7
2.8
3.5
2.3
15.5
18.2
4.9
0.0
9.0
9.3
12.7
3.5
-1.2
3.0
4.3
0.6
3.5
2.8
15.6
18.2
2.1
-0.5
9.8
9.2
12.7
0.8
1.0
3.2
5,3
0.9
4.6
2.5
16.2
15.1
4.3
-0.4
7.4
9.8
11.1
AVERAGE FOR PERIOD
4.7
-4.9
10.9
-2.4
-0.7
0.0
0.4
-1.8
2.7
2.4
0.4
-1.5
2.8
-2.3
-0.6
0.0
3.8
-5.0
13.0
-2.2
-1.7
1.6
-0.9
-0.5
2.9
2.2
-1.7
1.3
0.9
-1.9
1.9
1.1
1.4
-4.5
14.0
-1.7
-1.5
1.4
-2.2
-1.3
3.6
2.6
-1.1
-1.3
1.9
-1.1
0.9
1.1
-1.4
-3.8
14.7
-1.9
-1.8
0.0
-2.0
0.2
2.7
3.3
-1.9
-1.7
2.6
0.2
1.1
0.2
-3.6
-4.8
18.0
-1.1
-3.3
0.0
-1.1
-0.9
2.2
3.3
-1.5
-1.1
1.7
1.3
1.1
-0.6
-5.6
-2.9
17.4
-0.4
-3.7
0.7
-1.1
0.9
3.1
3.3
-1.3
-0.2
0.6
1.7
0.9
0,6
-0.8
0.6
0.9
0.9
0.9
0.2
0.4
0.4
2.4
2.2
3.0
5.4
0.2
3.3
4.2
20.0
13.8
8.6
2.2
6.4
9.0
12.2
2.4
3.5
3.8
5.0
2.2
2.5
5.8
13.2
14.0
10.6
2.9
4.6
9.3
13.7
1.8
2.6
3.4
5.4
1,6
2.1
4.8
11.0
16.4
10.5
2.2
4.3
8.6
14.9
2.0
2.8
3.4
5.3
2.9
2.1
4.9
11.6
18.9
9.8
2.9
4.1
8.3
16.9
2.5
1.6
2.9
l\2
1.6
2.9
-lie
2.2
2.5
0.8
5.9
-3!o
2.2
2.1
-0.2
3 3
3i2
-0.7
3.1
0.2
1.4
1.2
4.0
4.8
0.2
2.7
4.2
13.0
14.9
5.9
0.7
7.5
10.2
11.2
2*.l
2.3
3.6
2^0
2.8
5.9
10.7
19.6
8.0
4.8
5.1
9.5
17.6
2.6
3.2
7.0
17.9
14.0
5.1
5.0
5.8
10.6
17.9
3.9
2.7
8.7
13.1
9.4
1.7
7.0
6.7
12.5
18.2
2.0
2.8
12.9
15.9
6.9
0.2
8.4
7.7
13.4
17.8
1.4
3.9
2.5
15.8
17.2
3.8
-0.3
8.7
9.4
12.2
0.9
2.8
4.7
15.4
14.2
8.4
1.9
6.2
9.5
12.4
2.3
-6.7
7.6
1.3
-0.4
-0.2
-0.4
-1.8
3.4
2.9
0.9
-1.1
3.0
-2.1
-1.7
0.0
1965. . .
1966...
1967...
1968...
1969 . . .
1970...
1971...
1972...
1973...
1974...
1975...
1976...
1977...
1978...
1979...
1980...
'This series contains revisions beginning with 1975. 2This series contains revisions beginning with 1973.
227.5
-7.3
-1.9
16.1
0.0
-3.6
-0.4
-0.5
1.1
3.4
3.9
-1.4
0.1
1.0
1.4
-1.3
0.1
0.9
-4.7
10.8
2.1
-2.2
-0.4
-0.5
-0.2
3.0
3.0
0.0
-0.6
2.0
-0.8
0.0
-0.1
0.7
0.5
2!l
2.3
3.2
5.0
2.2
2,3
5.2
11.1
18,3
9.4
3.3
4.5
8.8
16.5
-l!2
2.0
2.5
4.4
2.8
2.9
9.5
15.6
10.1
2.3
6.8
6.7
12.2
18.0
0.3
3.8
1.5
1.5
3.1
4. 7
1.8
3.0
5.5
14.5
15.0
6.0
2.9
6.5
10.0
14.7
(MAY 1980)
101
C. Historical Data for Selected Series—Continued
Quarterly
Monthly
Year
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
335. INDEX OF PRODUCER PRICES, INDUSTRIAL COMMODITIES 1
(1967=100)
Oct.
Nov.
Dec.
IQ
II Q
III Q
JVQ
Annual
©
AVI^RAGK FOR FCHZOD
1948...
1949...
1950...
1951...
1952...
19S3...
1954...
1955...
1956...
1957...
1958...
1959...
1960...
1961...
1962...
1963...
75.8
77.9
74.6
86.6
84.9
84.0
85.1
85.6
89. S
93,0
93.7
94.7
95.7
95.2
95.0
94.7
75.4
77.2
74.8
87.1
84.9
84.0
84.9
86.0
89.6
93.2
93.4
94.9
95.6
95.2
94.8
94.6
75.4
76.8
74.8
87.1
84.6
84.3
84.9
85.9
89.9
93.1
93.4
95.2
95.6
95.2
94.8
94.6
75.8
75.8
'74.9
87.0
84.2
84.1
85.0
86.0
90.3
93.1
93.2
95.3
95.6
95.1
94.9
94.4
75.8
74.9
75.4
86.7
83.9
84.4
85.0
85.8
90.4
93.0
93.1
95.4
95.2
94.8
94.9
94.5
76.2
74.4
75.9
86.4
83.6
84.7
84.9
85.9
90.3
93.0
93.1
95.2
95.2
94.6
94.7
94.7
76.9
74.1
77.1
86.0
83.5
85.3
84.9
86.5
90.2
93.4
93.3
95.4
95.2
94.6
94.8
94.3
77.8
74.3
78.6
85.3
83.9
85.3
84.9
87.3
91.0
93,6
93.7
95.4
95.2
94.6
94.6
94.8
78.1
74.3
80.4
85.3
84.1
85.2
84.9
88.1
91.4
93.6
93.8
95.4
95.0
94.7
94.8
94.7
78.2
74.3
81.3
85.1
83.9
85.1
85.0
88.4
91.8
93.5
93.9
95.4
95.1
94.5
94.7
94.9
78.4
74.3
82.9
85.0
83.8
85.0
85.3
88.7
92.3
93.5
94.2
95.5
95.0
94.7
94.7
94.9
78.3
74.4
84.8
85.1
83.9
85.1
85.3
89.0
92.7
93.7
94.5
95.6
95.0
94.9
94.7
95.2
75.5
77.3
74.7
86.9
84.8
84.1
85.0
85.8
89.7
93.1
93.5
94.9
95.6
95.2
94.9
94.6
75.9
7S.O
75.4
86.7
83.9
84.4
85.0
85.9
90.3
93.0
93.1
95.3
95.3
94.8
94.8
94.5
77,6
74.2
78.7
85.5
83.8
85.3
84.9
87.3
90.9
93,5
93.6
95.4
95.1
94.6
94.7
94.8
78.3
74.3
83.2
85.1
83.9
85.1
85.2
88.7
92.3
93.6
94.2
95.5
95.0
94.7
94.7
95.0
76.')
VS.3
78.0
86.X
84.1
1964...
1965...
1966...
1967.. .
1968...
1969*..
1970...
1971...
1972...
1973...
1974...
197S...
1976...
1977...
1978...
1979...
1980...
95.3
95.9
97.4
99.5
101.5
104.3
108.3
112.2
115.9
120.0
135.3
167.5
177.4
188.4
201.6
95.2
95.9
97.6
99.7
102,0
104,9
108.6
112.5
116.5
121.3
138.2
168.4
178.1
190.0
95.1
96.0
97.8
99.7
102.2
105.4
108.8
113.0
116.8
122.8
142.4
168.9
179.0
191.7
204.1
95.1
96.0
98.1
99.6
102.4
105.5
109.3
113.4
117.3
124.2
146.6
169.7
180.1
193.3
206.1
95.1
96.2
98.5
99.7
102.3
105.5
109.6
113.8
117.6
125.3
150.5
170.3
180.5
194.2
94.9
96.4
98.7
99.7
102.4
105.6
109.9
114.0
117.9
126.0
153.6
170.7
181.5
194.7
95.1
96.6
99.0
100.2
102.8
106.5
110.4
115.1
118.7
127.4
162.9
173.1
184.8
197.8
212.5
95.5
96.7
99.1
100.5
103.3
107.1
111.2
11S.1
118.8
128.5
164.8
174.7
186.3
199.1
214.7
95.6
97.1
99.2
100.8
103.4
107.4
111.3
115.0
119.1
130.1
165.8
175.4
187.1
199.3
216.0
200.0
95.2
95.9
97.6
99.6
101.9
104.9
108.6
112.6
116.4
121.4
138.6
168.3
178.2
190.0
95.0
96.2
98.4
99.7
102.4
105.5
109.6
113.7
117.6
12S.2
150.2
170.2
180.7
194.1
207.4
229.0
231.6
237.5
240.6
244.2
249.0
250.6
202.9
222.6
95.6
97.0
99.2
100.8
103.5
107.4
1H.4
115.2
119.1
130.3
165.6
175.4
186.9
199. S
216.0
225.4
217.2
253.1
95.1
96.5
99.0
100.0
102.6
106.1
110.2
115.0
118.4
126.7
160.8
172.2
183.8
196.9
211.3
95.3
96.4
98. S
100.0
102.5
106.0
110.0
114.0
117.9
12S.9
153. S
171.5
182.4
188. 8
208.7
234.0
95.1
96.6
99.0
100.0
102.5
106.1
110.2
115.3
118.5
126.7
161.6
172.2
183.8
196.9
211.4
95.8
97.1
99.2
101.1
103.8
107.8
111.7
115.5
119.4
132.2
166.1
176.1
187.4
207.4
95.1
96.4
99.0
99.7
102.4
105.7
110.1
114.6
118.1
126.1
157.8
171,2
182.7
19S.9
210.1
231.5
240.8
250,9
220.0
202.9
222.5
335-C. CHANGE IN INDEX OF PRODUCED PRICES, INDUSTRIAL COMMODITIES, OVER 1-MONTH
(MONTHLY RATE, PERCENT)
1948...
1949...
1950 ...
1951...
1952...
19S3...
1954...
1955...
1956...
1957...
1958...
1959...
1960...
1961...
1962...
1963...
1964...
1965...
1966...
1967...
1968.,,
1969...
1970...
1971...
1972...
1973...
1974...
1975...
1976...
1977...
1978...
1979...
1980...
1948...
1949...
1950...
©
AVERAGF: FOR PERIOD
0.0
0.2
-0.1
0.0
0.9
0.4
0.0
0.1
0.0
-0.2
0.1
0.2
-0.1
0.3
0.0
1.3
-0.1
-0,1
-0.1
0.4
0.3
0.5
0.0
0.3
0.1
-0.1
0.2
0.0
0.0
-0.1
0.1
2.3
0.1
0.1
0.1
0.0
0.3
0.4
0.2
0.3
0.1
0.0
0.2
0.0
0.3
0.4
-0.6
0.2
0.9
-0.2
0.2
-0.1
0.3
0.3
0.1
-0.1
0.2
0.0
0.1
0.0
0.0
0.3
-1.1
0.5
-0.2
-0.4
0.2
0.0
0.0
0.1
0.0
-0.1
0.0
-0.1
-Q.2
0.0
0.0
0,,8
0.0
1 <> 9
-0.4
0,,2
0*2
0,0
0.8
0.4
0,2
0.2
0.1
»0.1
0.0
0.0
0.0
0.1
0.0
1.8
-0.1
-0.1
0.0
0.2
0.3
0.4
0.0
0.2
0.1
0.0
6.1
0.0
0.2
0.4
-0.4
1.1
0.0
-0.1
0.1
0.0
0.4
0.3
0.1
0.1
0.1
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.2
0.3
0.4
0.2
-0,2
0.2
0.6
0.8
0.5
0.5
0.5
0.5
1.5
0.4
0.1
0.1
0.3
0,5
0.6
0.7
0.0
0.1
0.9
1.2
0.9
0.8
0.7
1.0
2.0
0.1
0.4
0.1
0.3
0.1
0.3
0.1
-0.1
0.3
1.2
0.6
0,4
0.4
0.1
0.6
0.6
0.2
0.0
0.0
0.3
0,4
0.4
0.4
0.4
0.3
1.6
0.2
0.4
0.2
0.4
0.6
1.0
Q.O
0.1
0.2
0.2
0.4
0.5
0.3
0.4
0.4
0.9
2.5
0.5
0.5
0.7
0.7
1.2
-0.1
0.1
0.3
0.0
Q.I
0.1
0.4
0.3
0.3
0.9
2.6
0.4
0.5
0.5
0.7
1.2
0.1
0.1
0.1
0.2
0,1
0.3
0.2
0.3
0.2
0.4
2.0
0.5
0.6
0.5
0.6
1.4
0.2
0.2
0.1
0.3
0,3
0,4
0.4
0.0
0.1
0.2
0.2
0.2
0.3
0.3
0.3
0.3
0.9
1.9
0.5
0.5
0.6
0.7
1.2
5.6
-7.8
10.9
—1
—
J . 9&
-0.5
-0.9
0.3
0.6
0.0
0.0
-0.2
0.5
Q.I
0.2
-0.3
0.2
-0.1
0.0
-0.2
-0.1
0.0
-0.5
0*0
0.0
-0.4
0.4
0.0
-0.1
0.3
-0.1
0.0
0.3
0.0
0.0
0.0
0.0
0.5
-1.3
0.0
-1.2
0.5
-0.7
0.9
-0.4
1.2
0.3
0.4
0.0
-0.1
-0.5
-0.2
0.1
0.1
0.4
0.0
-0.2
0.1
0.0
-0.1
0.1
-0.2
-0.3
-0.4
0.4
0.0
-0.2
0.1
-0.1
-0.1
0.1
-0.4
-0.3
0.0
0.1
-0,3
-0.4
0.4
-0.1
0.1
-0.1
0.0
0.0
-0.2
0.0
-0.2
-0.2
0.2
-0.5
-0.1
0.7
0.0
0.7
-0.1
0.4
0.2
0.2
0.0
0.0
0.1
0.1
-0.8
0.5
0.0
0.0
0.9
0.9
0.2
0.4
0.0
0.0
0.0
-0.2
0.0
0.1
0.1
0.3
0.3
0.4
0.5
0.5
0.4
0.3
0.5
2.3
0.8
0.7
0.5
0.8
1.3
-0.1
0.0
0.2
0.2
0.5
0.6
0.3
0.3
0.5
1.1
2.1
0,5
0.4
0.8
0.6
1.1
-0.1
0.1
0.2
0.0
0,2
0.5
0.2
0.4
0.3
1.2
3.0
0.3
0.5
0.9
0.6
1.3
0.0
0.0
0.3
-0.1
0.2
0.1
0.5
0.4
0.4
1.1
2.9
0.5
0.6
0.8
1.0
1.6
0.0
0.2
0.4
0.1
-0.1
0.0
0.3
0.4
0.3
0.9
2.7
0.4
0.2
0.5
0.6
1.1
-0.2
0.2
0.2
0.0
0.1
0.1
0.3
0.2
0.3
0.6
2.1
0.2
0.6
0.3
0.6
1.0
0.2
0.0
0.3
0.0
0,0
0.1
0.2
0.5
0.2
0.1
2.7
0.3
0.7
0.6
0.7
1.5
0.0
0.2
0.0
0.3
0.1
0.4
0.1
0.6
0.3
0.5
2.4
0.6
0.6
0.5
0.6
1.3
1961 . . .
1962...
1963.. .
1964...
1965...
1966...
1967.. .
1968...
1969 ...
197o!!!
1971...
1972...
1973...
1974...
1975...
1976...
1977...
1978...
1979...
1980...
6.1
-8.7
3.0
-9.7
4.1
-9.5
6.8
-7.4
10.4
-6.4
15.5
-3.9
19.3
-1.6
20.9
-2.1
0.5
-0.2
2.4
4.3
2.9
-0.6
3.0
0.4
0 .0
0.8
-0.6
-2.6
1.4
0.0
1.2
3.9
1.5
-0.9
2.6
-0.6
-3.5
1.9
-0.5
1.4
2.9
0.6
-1.3
1.5
-0.8
-3.3
3.1
-0.5
2.1
1.6
0.9
-0.9
1.5
-1.0
-2.3
3.1
0.0
3.0
3.1
0.9
0.6
1.1
-0.8
-1.2
2.1
0.0
5.2
3.4
1.1
0.9
0.4
-1.3
-0.7
- .2
2.4
0.0
5.7
3.3
0.9
1.5
0.2
-1.0
.4
.7
.9
.2
.1
2.4
0.2
-0.4
0.4
-0.4
-0.4
0.0
-0.4
0.2
-0.4
0.4
0.0
0.2
-0.4
1.1
-0.4
0.8
0.4
1.0
2.9
1.0
3.8
4.3
0.4
1,3
2.9
1.0
3.0
4.1
4J1
4.5
4.6
10.7
33.8
5.5
5.9
7.7
8.3
15.0
-0.6
1.3
3.3
1.0
2.6
3.5
3.9
4.2
4.2
-0.4
1.0
3.3
0.4
1.8
2.7
3.4
4.3
3.8
10.4
36.0
4.5
6.1
8.1
8.6
16.5
-0.2
1.5
2.9
0.6
1.0
2.3
0.0
1.3
2.5
1.0
1.2
2.1
3.0
3.8
3.3
7.6
30.9
S.O
6.6
6.5
8.4
17.4
0.8
1.5
2.0
1.8
1.8
3.1
3\5
3.0
2.6
7.0
26.4
6.0
7.0
6.1
8.5
18.2
1.1
1.9
1.4
2.2
2.2
3.6
1.9
1.5
1.0
2.8
2.8
2.1
2.6
7.8
21.4
6.1
7.4
5.3
8.5
17.1
2.6
2.6
10.1
16.9
6.4
6.6
5.S
8.3
17.0
3.9
9.3
30.2
6,0
6.3
7.7
7.2
13.8
:n.4
35. Q
5.6
6.2
7.9
8.9
16.1
s!o
5.0
3.5
9.1
36.7
4.6
6.5
7.4
8.6
16.9
5.6
0.0
24.8
2.6
1.4
26.2
-1.5
1.4
22.8
-3.3
1.4
17.4
1.2
-0.5
1.7
7.1
6.3
0.6
3.0
0.6
0.0
0.8
-0.2
1.1
0.2
-0.9
2.6
5.3
4.9
-0.4
2.6
0.4
0.0
0.4
0.0
0.8
0.5
-0.7
2.4
4.1
3.8
-0.4
3.0
0.4
0.4
0.2
-0.4
0.8
6.4
-8.1
2.9
8 8
-2!?
1.3
-0.2
1.7
3.7
1.7
-0.9
2.4
-0.3
-0. 4
0.3
-0.3
0.7
0.9
0.9
7.3
5.4
1.5
3.0
0.8
-0.4
0 .6
0.0
1.1
1.7
1.7
1.9
0.1
3.6
4.0
4.0
2.3
3.2
15.1
12.7
7.4
6.3
5.9
9.6
20.1
2.1
4.8
19.0
8.6
7.0
6.9
6.2
10.8
21.7
3.0
7.0
24.9
7.5
6.9
7.6
6.5
12.5
20.6
6.3
-1.8
21.7
™1 7
-2.3
-Q!;L
-0.7
1.4
22.1
«>1 7
2.8
-0.2
3.4
2.7
1.0
0.2
1.0
-1.0
=-l .2
-0.3
0.3
1.6
0.5
6.l>
4.3
1.2
2.3
0.4
-0.6
-0.3
-0.3
1.0
-0.7
2,2
5.5
5.0
= 0.1
? 9
1.0
-0.2
1.3
2.9
0.7
1.3
1.6
1.5
2.3
1.8
2.2
1.3
3.9
2.4
3.6
4.7
4.2
4.2
10.5
33.0
5.7
6.1
7.8
8.1
15.0
4.4
3.5
9.0
34.5
4.7
6.4
7.3
8.5
16.9
2.6
2.6
8.3
21,6
6.2
7.0
5.6
8.4
17.4
2.5
5.0
19.7
9.6
7.1
6.9
6.2
11.0
20.8
This series contains no revisions but is reprinted for the convenience of the user. 'This series contains revisions beginning with 1948.
102
0.2
1.2
0.7
0.6
0.5
0.4
0.7
1.2
AVERAGE FOR PERIOD
8.7
-6.0
1.6
$'.2
4.0
0.1
OVER 6-MOHTH SPANS 2 ®
1951 . . .
1952...
1953...
1954...
1955...
1956...
1957...
1958...
1959...
I960...
209.4
236.4
0.1
0.0
1.7
-0.2
-0.2
-0.1
0.1
0.3
0.4
-0.1
0.1
0.0
0.1
-0.2
-0.1
0.2
1.6
-0.5
0.3
2.1
-0.2
0.1
0.0
0.4
0.6
0.3
0.0
0.2
0.1
0.2
0.1
0.0
335-C. CHANGE IN INDEX OF PRODUCER PRICES, INDUSTRIAL COMMODITIES,
{COMPOUND ANNUAL R A T E , P E R C E N T )
SPANS 2
84. a
85.0
86.9
90.9
93.3
93.6
95.3
9S.3
94.11
94.H
94.7
0!e
oil
0.1
0.5
-0.2
0.9
4.4
-4,1
14.4
0.0
=i!i
1.2
0.6
4,3
3.9
0.9
X.I
1.1
-0.5
"0, 4
-0.1
0.S
0.7
1.6
2.2
2.0
2.8
3.7
3.7
3.4
3.8
XX. 9
24.7
5.9
6.6
6.7
9.0
17.5
(MY 1980)
C. Historical Data for Selected Series—Continued
Quarterly
Monthly
Year
Jan.
Mar.
Feb.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
IQ
517. DEFENSE DEPARTMENT GROSS OBLIGATIONS INCURRED1
(MILLIONS OF DOLLARS)
III Q
II Q
Annual
IV Q
TOTAL FOR PERIOD
1948...
1949. . .
1950...
1951...
1952...
1953.. .
1954...
1955...
1956...
1957...
1958..,
1959...
1960...
1961...
1962...
1963...
977
7,048
5,601
4,003
2,095
2,295
3,585
3,522
3,834
3,792
3,447
3,857
4,473
4,731
1,043
4,987
4,484
3,997
3,074
2,342
3,125
3,877
3,664
3,887
3,554
4,332
4,349
4,485
960
5,158
4,544
3,889
1,966
2,506
4,131
3,192
4,252
3,929
3,592
3,752
4,616
4,374
1,438
3,698
3,980
4,059
2,539
2,704
3,424
3,521
3,985
3,735
3,483
3,840
4,764
4,139
1,621
5,011
5,501
2,272
3,024
2,271
3,528
3,094
4,480
3,842
3,901
3,803
4,199
4,390
1,609
5,458
5,362
1,841
3,070
2,533
4,225
2,862
4,271
3,870
3,882
3,853
4,099
4,856
619
2,479
4,933
6,191
2,040
2,563
2,334
3,592
3,177
3,931
3,552
4,973
3,924
4,925
4,639
995
2,905
3,573
5,782
2,409
2,597
1,133
4,882
3,259
3,634
3,658
3,897
5,335
4,312
4,556
1964...
1965...
1966., .
1967...
1968...
1969...
1970...
1971...
1972...
1973...
1974.. .
1975...
1976...
1977...
1978...
1979.. .
1980...
4,242
4,421
5,489
6,589
6,688
7,378
6,906
6,796
7,604
6,827
7,527
7,785
8,393
9,804
10,537
10,787
5,783
4,276
5,328
6,659
7,212
7,097
6,489
7,261
6,951
7,283
7,398
7,961
8,442
9,763
10,659
10,250
4,245
4,599
6,178
6,495
6,641
6,860
6,766
6,753
6,898
7,362
7,485
8,271
8,727
9,873
10,155
11,741
4,563
4,575
6,392
6,746
7,013
6,556
6,683
6,752
7,267
6,865
7,762
7,971
9,033
9,671
10,242
9,297
4,813
4,720
5,442
7,439
7,067
6,632
6,556
6,990
6,825
7,275
7,187
8,438
8,764
9,919
10,793
10,935
4,349
4,446
6,821
6,838
7,481
6,324
6,491
6,389
6,866
6,992
8,166
8,516
8,713
9,835
10,094
10,926
5,010
4,888
5,963
6,427
7,317
6,887
6,793
7,462
7,173
7,312
7,983
8,301
9,727
9,498
10,327
12,657
4,274
5,017
6,687
6,625
7,638
6,680
6,357
6,763
7,613
6,932
8,279
8,962
7,384
10,486
10,278
11,052
1,286
2,834
3,851
4,520
2,289
3,493
3,552
3,502
3,267
3,719
3,968
3,869
4,785
4,135
4,265
4,308
5,110
5,958
7,267
8,244
6,490
6,583
6,249
6,824
6,790
8,179
8,072
10,015
9,143
10,256
11,965
989
3,935
5,114
3,190
2,459
3,890
2,703
3,479
3,216
4,910
4,118
3,620
4,303
4,787
5,442
1,268
2,410
11,241
3,091
2,545
2,944
2,857
3,566
3,718
3,800
3,709
4,042
4,096
4,866
4,164
1,435
3,593
4,136
6,208
1,850
2,788
4,320
3,986
3,790
3,898
3,208
3,689
4,780
4,249
4,277
2,980
17,193
14,629
11,889
7,135
7,143
10,841
10,591
11,750
11,608
10,593
11,941
13,438
13,590
4,668
14,167
14,843
8,172
8,633
7,508
11,177
9,477
12,736
11,447
11,266
11,496
13,062
13,385
2,900
8,218
12,357
16,493
6,738
8,653
7,019
11,976
9,703
11,284
11,178
12,739
14,044
13,372
13,460
3,692
9,938
20,491
12,489
6,854
9,622
9,880
11,031
10,724
12,608
11,035
11,351
13,179
13,902
13,883
25,804
64,208
58,454
33,653
34,043
31,550
45,025
40,495
48,378
45,268
45,949
50,660
53,774
54,318
3,984
5,345
6,037
7,258
7,256
6,830
6,368
7,333
7,015
7,671
7,681
7,889
9,914
10,240
10,214
11,679
4,487
5,225
6,136
6,667
7,183
7,150
7,033
6,683
7,109
7,315
8,211
7,936
8,733
10,353
10,484
10,730
5,088
5,599
6,328
6,815
7,011
6,838
6,942
7,432
6,708
6,850
8,116
8,084
9,874
10,157
10,282
11,565
14,270
13,296
16,995
19,743
20,541
21,335
20,161
20,810
21,453
21,472
22,410
24,017
25,562
29,440
31,351
32,778
13,725
13,741
18,655
21,023
21,561
19,512
19,730
20,131
20,958
21,132
23,115
24,925
26,510
29,425
31,129
31,158
13,592
15,015
18,608
20,319
23,199
20,057
19,733
20,474
21,610
21,034
24,441
25,335
27,126
29,127
30,861
35,674
13,559
16,169
18,501
20,740
21,450
20,818>
20,343
21,448
20,832
21,836
24,008
23,909
28,521
30,750
30,980
33,974
55,146
58,221
72,759
81,825
86,751
81,722
79,967
82,863
84,853
85,474
93,974
D8,186
107,719
118,742
124,321
133,584
525. MILITARY PRIME CONTRACT AWARDS FOR WORK PERFORMED IN THE U.S.'
(MILLIONS OP DOLLARS)
TOTAL FOR PERIOD
1948...
1949.. .
1950. . .
1951...
1952.. .
1953...
1954...
1955...
1956.. .
1957...
1958...
1959...
I960,..
1961..,
1962...
1963...
3,976
2,528
3,682
616
1,049
1,474
1,756
2,103
1,625
1,850
1,989
3,271
2,429
3,493
5,479
2,295
564
1,306
1,388
1,927
1,232
1,898
1,754
2,186
2,180
2,611
3,001
2,959
2,381
826
1,028
1,502
1,563
2,243
1,966
1,904
1,987
2,552
2,463
2,892
2,088
2,462
1,068
1,468
1,404
2,312
2,142
2,204
1,726
2,274
2,295
2,023
3,760
3,059
2,038
1,326
841
1,782
808
3,043
1,893
2,252
1,855
2,140
2,413
2,759
4,292
2,042
1,116
1,287
2,024
1,093
2,228
2,222
1,963
2,229
2,127
2,366
4,097
1,158
2,035
886
971
1,196
1,619
1,511
2,192
2,151
1,993
1,888
2,216
4,241
1,002
1,089
767
1,231
2,108
1,310
1,692
1,964
2,200
2,143
2,167
2,722
2,333
2,116
1,004
2,454
597
2,091
1,297
2,308
1,793
2,250
2,033
2,032
2,635
2,823
2,143
959
2,271
1,136
1,972
1,594
1,880
1,937
1,327
2,494
2,814
2,119
3,462
3,295
265
481
1,310
1,934
1,819
1,704
2,102
1,938
2,308
2,946
1,814
3,399
3,148
390
913
2,194
1,891
1,671
2,328
1,298
1,922
2,491
2,044
2,149
10,470
10,966
8,358
2,006
3,383
4,364
5,246
5,578
5,489
5,508
6,162
8,003
7,503
9,411
9,439
6,542
3,510
3,596
5,210
4,213
7,413
6,319
5,941
6,358
6,562
6,802
10,671
4,276
4,128
4,107
2,799
5,395
4,226
5,511
5,949
6,601
6,169
6,087
7,573
9,684
8,586
1,614
3,665
4,640
5,797
5,084
5,912
5,337
5,187
7,293
7,804
6,082
40,236
33,267
20,642
13,288
14,418
20,766
18,769
24,414
23,094
23,237
25,982
28,456
27,960
1964...
1965...
1966...
1967...
1968...
1969...
1970...
1971...
1972...
1973*..
1974..,
1975...
1976...
1977...
1978...
1979...
I960...
2,372
2,097
2,952
3,364
2,887
3,398
2,855
2,508
3,520
2,824
3,218
3,731
3,536
3,354
4,853
5,706
2,958
1,846
2,906
3,930
3,445
3,441
2,623
2,704
2,982
2,899
3,144
4,061
3,101
4,369
4,741
4,773
1,966
2,451
2,956
3,034
3,124
2,904
2,904
3,104
3,025
2,947
2,990
3,168
6,713
4,819
4,909
5,763
2,502
2,843
3,461
3,026
3,488
2,825
2,591
2,928
2,985
2,568
4,372
4,023
3,489
4,303
4,970
4,936
2,640
2,150
2,978
4,040
4,203
3,070
2,545
2,231
2,786
3,171
3,211
3,814
3,543
4,654
6,204
4,720
1,910
2,390
3,693
3,566
3,067
2,744
2,896
2,324
3,154
2,897
3,402
3,680
3,854
4,300
7,081
5,117
2,580
2,313
3,940
3,545
3,937
2,896
2,717
2,916
3,074
2,024
3,295
3,635
2,535
4,624
3,928
6,135
1,963
2,775
3,165
3,690
3,173
3,001
2,782
3,093
2,638
2,962
3,553
4,419
3,652
4,623
4,924
5,282
2,163
2,419
3,541
3,720
3,836
2,680
2,113
2,982
2,725
3,235
3,504
3,102
4,985
4,255
4,855
6,364
1,967
2,790
3,383
3,626
3,903
2,987
3,464
2,606
2,946
2,992
3,863
2,866
4,897
5,279
4,343
4,318
2,075
2,995
3,225
3,308
3,378
2,734
2,746
3,092
3,589
3,347
3,667
3,062
4,114
4,247
6,509
5,670
1,997
2,988
3,513
3,479
3,613
2,765
3,181
3,066
2,532
3,292
3,051
3,413
4,729
5,332
4,568
5,489
7,296
6,394
8,814
10,328
9,456
9,743
8,382
8,316
9,527
8,670
9,352
10,960
13,350
12,542
14,503
16,242
7,052
7,383
10,132
10,632
10,758
8,639
8,032
7,483
8,925
8,636
10,985
11,517
10,886
13,257
18,255
14,773
6,706
7,507
10,646
10,955
10,946
8,577
7,612
8,991
8,437
8,221
10,352
11,156
11,172
13,502
13,707
17,781
6,039
8,773
10,121
10,413
10,894
8,486
9,391
8,764
9,067
9,631
10,581
9,341
13,740
14,858
15,420
15,477
27,093
30,057
39,713
42,328
42,054
35,445
33,417
33,554
35,956
35,158
41,270
42,974
49,148
54,159
61,885
64,273
543. DEFENSE DEPARTMENT GROSS UNPAID OBLIGATIONS OUTSTANDING2
(MILLIONS OF DOLLARS)
END OF PERIOD
1948. . .
1949. . .
1950 . . .
1951. . .
1953. . .
1954.. .
1955...
1956...
1957.,,
1958...
1959.. .
I960.. .
1961...
1962...
1963...
1964.. .
1965...
1966,..
1967...
1968...
1969...
1970...
1971...
1972...
1973...
1974...
1975...
1976...
1977...
1978...
1979...
1980...
1
38,361
32,254
23,715
26,293
22,051
23,663
21,509
22,795
24,633
24,531
38,587
31,293
23,685
26,581
21,957
23,641
21,314
23,041
24,506
24,304
35,974
30,030
24,526
26,129
22,369
23,682
21,203
22,931
24,659
24,036
34,907
29,435
24,536
25,857
22,768
23,532
21,042
22,718
24,939
23,602
34,769
28,405
24,475
25,287
23,330
23,656
21,148
22,539
24,515
23,126
51,118
33,567
26,919
25,440
24,762
24,666
24,007
22,955
22,707
24,242
22,824
23,003
23,434
27,275
35,350
36,616
39,531
32,561
30,181
32,879
34,280
37,446
40,052
41,358
49,258
57,304
65,120
23,777
23,466
27,621
35,719
37,236
39,147
32,041
30,851
32,832
34,426
37,673
39,875
41,459
50,229
58,401
48,267
23,595
23,698
28,355
35,668
37,490
38,472
31,494
30,541
32,742
34,976
37,817
40,198
41,866
50,761
58,986
67,128
23,557
23,762
29,597
35,296
36,914
37,656
30,979
30,737
32,976
35,140
38,456
39,918
42,494
51,236
59,348
68,883
23,914
24,261
30,322
36,683
37,622
36,855
30,279
31,098
32,772
35,693
38,389
40,086
42,970
52,170
60,723
68,468
23,043
24,651
32,030
37,417
38,421
35,445
30,787
29,077
32,417
35,877
38,909
40,959
43,612
52,625
60,549
68,976
50,051
33,695
25,793
49,349
33,287
24,076
47,419
33,442
23,911
26,463
23,910
22,846
23,225
23,210
24,,463
23,555
22,558
23,257
23,945
24,179
23,365
33,109
36,188
39,741
41,437
43,251
53,383
61,833
70,252
36,249
39,104
34,414
30,221
31,069
33,350
36,666
39,621
42,140
42,558
54,262
62,028
81,542
34,154
36,625
39,960
33,613
29,938
30,671
33,985
36,285
39,894
41,805
43,663
52,697
62,730
71,886
45,535
33,673
23,512
26,168
22,107
23,684
22,452
23,022
24,241
24,547
44,707
33,716
23,034
26,344
22,140
23,755
22,323
23,220
23,955
24,831
40,050
33,186
23,374
26,518
22,062
23,755
21,599
22,866
24,522
24,430
23,050
35,974
30,030
24,526
26,129
22,369
23,682
21,203
22,931
24,659
24,036
51,118
33,567
26,919
25,440
24,762
24,666
24,007
22,955
22,707
24,242
22,824
47,419
33,442
23,911
26,463
23,008
26,105
34,583
36,993
40,178
33,234
29,703
31,546
34,026
36,682
39,429
41,845
47,366
54,775
63,006
64,325
23,042
26,496
34,942
36,831
40,127
32,912
30,085
31,450
34,255
36,869
39,772
41,468
47,385
55,479
63,440
68,634
23,275
26,746
35,064
37,033
39,587
32,781
30,077
31,046
34,225
36,839
40,137
41,309
48,497
55,771
64,470
68,525
23,595
23,698
28,355
35,668
37,490
38,472
31,494
30,541
32,742
34,976
37,817
40,198
41,866
50,761
58,986
67,128
23,043
24,651
32,030
37,417
38,421
35,445
30,787
29,077
32,417
35,877
38,909
40,959
43,612
52,625
60,549
68,976
23,365
This series contains revisions beginning with 1977. 2This series contains no revisions but is reprinted for the convenience of the user.
23,555
22,558
23,257
23,945
24,179
34,154
36,625
39,960
33,613
29,938
30,671
33,985
36,285
39,894
41,805
43,663
52,697
62,730
71,886
40,050
33,186
23,374
26,518
22,062
23,755
21,599
22,866
24,522
24,430
23,050
40,050
33,186
23,374
26,518
22,062
23,755
21,599
22,866
24,522
24,430
23,050
23,275
26,746
35,064
37,033
39,587
32,781
30,077
31,046
34,225
36,839
40,137
41,309
48,497
55,771
64,470
68,525
23,275
26,746
35,064
37,033
39,587
32,781
30,077
31,046
34,225
36,839
40,137
41,309
48,497
55,771
64,470
68,525
(MAY 1980}
103
C. Historical Data for Selected Series—Continued
Quarterly
Monthly
Year
Jan,
Feb.
Mar.
May
Apr.
June
July
Aug.
Sept.
577. DEFENSE DEPARTMENT PERSONNEL, MILITARY, ACTIVE DUTY
(THOUSANDS)
Oct.
Nov.
Dec.
IQ
II Q
III Q
Annual
IV Q
®
END OF PERIOD
1948...
1949...
1950...
19S1...
1952...
1953...
1954...
1955...
1956...
195?...
1958...
1959...
1960...
1961...
1962...
1963...
1,400
1,668
1,511
2,620
3,562
3,513
3,381
3,203
2,879
2,787
2,613
2,561
2,491
2,503
2,849
2,677
1,404
1,662
1,488
2,794
3,643
3,510
3,359
3,160
2,864
2,788
2,618
2,550
2,487
2,498
2,849
2,684
1,399
1,647
1,474
2,962
3,675
3,518
3,342
3,105
2,850
2,792
2,623
2,538
2,478
2,490
2,840
2,691
1,403
1,630
1,466
3,075
3,685
3,524
3,326
3,036
2,836
2,792
2,608
2,518
2,472
2,483
2,829
2,693
1,421
1,619
1,459
3,170
3,660
3,543
3,312
2,969
2,813
2,790
2,600
2,506
2,465
2,473
2,808
2,692
1,446
1,615
1,460
3,249
3,636
3,555
3,302
2,935
2,806
2,796
2,601
2,504
2,476
2,484
2,808
2,700
1,496
1,617
1,498
3,313
3,637
3,558
3,302
2,940
2,810
2,808
2,604
2,506
2,480
2,497
2,807
2,703
1,531
1,608
1,628
3,346
3,619
3,548
3,289
2,945
2,798
2,789
2,605
2,500
2,485
2,514
2,684
2,702
1,568
1,593
1,889
3,376
3,583
3,509
3,280
2,931
2,795
2,758
2,598
2,492
2,492
2,553
2,688
2,695
1,592
1,584
2,117
3,418
3,559
3,482
3,257
2,923
2,801
2,699
2,597
2,495
2,501
2,725
2,702
2,693
1,610
1,579
2,261
3,462
3,534
3,458
3,233
2,916
2,798
2,659
2,590
2,501
2,500
2,781
2,687
2,694
1,626
1,551
2,357
3,465
3,507
3,403
3,181
2,887
2,781
2,617
2,566
2,487
2,494
2,811
2,668
2,676
1,399
1,647
1,474
2,962
3,675
3,518
3,342
3,105
2,850
2,792
2,623
2,538
2,478
2,490
2,840
2,691
1,446
1,615
1,460
3,249
3,636
3,555
3,302
2,935
2,806
2,796
2,601
2,504
2,476
2,484
2,808
2,700
1,568
1,593
1,889
3,376
3,383
3,509
3,280
2,931
2,795
2,758
2lfS98
2,492
2,492
2,553
2,688
2,695
1,626
1,551
2,357
3,465
3,507
3,403
3,181
2,887
2,781
2,617
2,566
2,487
2,494
2,811
2,668
2,676
1,626
1,551
2,357
3,465
3,507
3,403
3,181
2,887
2,781
2,617
2,566
2,487
2,494
2,811
2,668
2,676
1964...
1965...
1966...
1967...
1968...
1969...
1970...
1971...
1972...
1973...
1974...
197S...
1975...
1977...
1978...
1979...
1980...
2,687
2,663
2,902
3,357
3,427
3,418
3,255
2,861
2,462
2,334
2,199
2,145
2,092
2,077
2,065
2,040
2,696
2,652
2,937
3,368
3,440
3,432
3,220
2,840
2,426
2,314
2,195
2,146
2,093
2,078
2,062
2,030
2,693
2,647
2,969
3,371
3,467
3,452
3,173
2,802
2,385
2,291
2,187
2,137
2,090
2,075
2,058
2,026
2,694
2,645
3,004
3,371
3,494
3,465
3,116
2,770
2,341
2,274
2,174
2,127
2,087
2,071
2,054
2,022
2,690
2,641
3,056
3,368
3,518
3,459
3,084
2,737
2,319
2,256
2,156
2,124
2,081
2,070
2,046
2,018
2,687
2,655
3,094
3,377
3,547
3,460
3,066
2,715
2,323
2,253
2,162
2,128
2,082
2,075
2,057
2,024
2,696
2,669
3,136
3,382
3,545
3,458
3,045
2,685
2,332
2,251
2,162
2,129
2,087
2,079
2,062
2,027
2,693
2,686
3,184
3,393
3,526
3,459
3,020
2,657
2,344
2,237
2,153
2,111
2,085
2,073
2,062
2,024
2,690
2,724
3,229
3,412
3,490
3,449
2,984
2,627
2,356
2,232
2,157
2,105
2,084
2,075
2,062
2,027
2,680
2,761
3,287
3,416
3,454
3,387
2,946
2,608
2,371
2,227
2,156
2,097
2,086
2,072
2,058
2,030
2,678
2,803
3,326
3,412
3,433
3,351
2,917
2,579
2,370
2,218
2,154
2,099
2,082
2,069
2,050
2,029
2,663
2,857
3,334
3,398
3,408
3,298
2,874
2,519
2,348
2,202
2,140
2,084
2,072
2,060
2,041
2,020
2,693
2,647
2,969
3,371
3,467
3,452
3,173
2,802
2,385
2,291
2,187
2,137
2,090
2,075
2,058
2,026
2,687
2,655
3,094
3,377
3,547
3,460
3,066
2,715
2,323
2,253
2,162
2,128
2,082
2,075
2,057
2,024
2,690
2,724
3,229
3,412
3,490
3,449
2,984
2,627
2,356
2,232
2,157
2,105
2,084
2,075
2,062
2,027
2,663
2,857
3,334
3,398
3,408
3,298
2,874
2,519
2,348
2,202
2,140
2,084
2,072
2,060
2,041
2,020
2,663
2,857
3,334
3,398
3,408
3,290
2,874
2,519
2,348
2,202
2,140
2,084
2,872
2,060
2,041
988
1,278
1,330
1,248
1,180
1,167
1,176
1,085
1,088
1,052
1,032
1,059
1,066
1,043
578. DEFENSE DEPARTMENT PERSONNEL, C I V I L I A N , DIRECT H I R E EMPLOYMENT
(THOUSANDS)
1948...
1949. . .
1950...
1951...
1952...
1953...
19S4...
19S5...
1956...
1957...
1958...
1959...
1960...
1961...
1962...
1963...
1964...
1965...
1966...
1967...
1968...
1969...
1970...
1971...
1972...
1973...
1974...
1975...
1976...
1977...
1978...
1979...
1980...
®
END OF PERIOD
750
1,047
1,290
1,426
1,241
1,103
1,165
1,174
1,083
1,084
1,048
1,033
1,060
1,064
744
1,100
1,296
1,410
1,232
1,102
1,165
1,172
1,084
1,078
1,047
1,034
1,061
1,061
743
1,150
1,300
1,390
1,224
1,181
1,165
1,168
1,084
1,076
1,046
1,035
1,061
1,056
745
1,182
1,307
1,365
1,219
1,102
1,168
1,165
1,088
1,075
1,043
1,038
1,063
1,056
754
1,208
1>315
1,342
1,212
1,185
1,171
1,160
1,089
1,074
1,044
1,041
1,066
1,054
753
1,235
1,337
1,332
1,209
1,187
1,179
1,161
1,097
1,078
1,047
1,042
1,070
1,050
779
1,249
1,339
1,320
1,202
1,18C
1,184
1,160
1,098
1,078
1,043
1,043
1,072
1,052
859
1,258
1,334
1,308
1,193
1,187
1,187
1,154
1,097
1,071
1,045
1,052
1,076
1,053
904
1,261
1,328
1,288
1,180
1,180
1,180
1,130
1,093
1,064
1,037
1,052
1,067
1,046
941
1,270
1,329
1,278
1,177
1,181
1,183
1,105
1,094
1,060
1,035
1,058
1,069
1,045
967
1,274
1,330
1,253
1,181
1,179
1,179
1,093
1,092
1,056
1,033
1,060
1,070
1,044
988
1,278
1,330
1,248
1,180
1,167
1,176
1,085
1,088
1,052
1,032
1,059
1,066
1,043
743
1,150
1,300
1,390
1,224
1,181
1,165
1,168
1,084
1,076
1,046
1,035
1,061
1,056
753
1,235
1,337
1,332
1,209
1,187
1,179
1,161
1,097
1,078
1,047
1,042
1,070
1,050
1,042
1,017
1,063
1,246
1,267
1,315
1,252
1,146
1,119
1,073
1,034
1,038
1,023
994
982
972
1,040
1,018
1,072
1,260
1,265
1,316
1,240
1,143
1,117
1,057
1,039
1,036
1,019
995
982
971
1,039
1,018
1,088
1,268
1,266
1,317
1,224
1,142
1,112
1,051
1,042
1,034
1,016
995
932
968
1,039
1,022
1,101
1,273
1,267
1,316
1,218
,141
,107
,051
,046
,034
,011
995
982
968
1,036
1,027
1,111
1,274
1,271
1,312
1,213
1,136
1,090
1,051
1,053
1,035
1,010
997
988
972
1,030
1,034
1,138
1,303
1,317
1,342
1,194
1,127
1,083
1,031
1,070
1,042
1,010
1,009
1,000
979
1,031
1,046
1,166
1,311
1,334
1,348
1,184
1,129
1,068
1,019
1,074
1,052
1,014
1,008
1,002
982
1,034
1,055
1,187
1,306
1,316
1,327
1,177
1,132
1,073
1,022
1,064
1,038
1,006
998
994
974
1,026
1,045
1,184
1,274
1,276
1,296
1,169
1,130
1,071
1,019
1,049
1,030
997
982
980
960
1,024
1,052
1,200
1,277
1,275
1,285
1,162
1,128
1,081
1,022
1,046
1,031
995
983
981
964
1,023
1,060
1,222
1,277
1,275
1,272
1,158
1,125
1,083
1,026
1,046
1,029
996
985
981
967
1,019
1,057
1,230
1,271
1,273
1,262
1,132
1,122
1,082
1,026
1,043
1,028
995
983
978
967
1,039
1,018
1,088
1,268
1,266
1,317
1,224
1,142
1,112
1,051
1,042
1,034
1,016
995
982
963
1,030
1,034
1,138
1,303
1,317
1,342
1,194
1,127
1,083
1,031
1,070
1,042
1,010
1,009
1,000
979
580. DEFENSE DEPARTMENT NET OUTLAYS, MILITARY FUNCTIONS AND MILITARY ASSISTANCE*
(MILLIONS OF DOLLARS)
1948. . ,
1949.. ,
1950,..
1951...
1952...
1953...
1954...
1955...
1956...
1957...
1958...
1959...
1960...
1961...
1962...
1963...
1964...
1965...
1966...
1967...
I960...
1969...
1970...
1971...
1972...
1973...
1974...
1975...
1976...
1977...
1978...
1979...
1980...
904
908
1,261
1,328
1,288
1,180
1,180
1,180
1,130
1,093
1,064
1,037
1,052
1,067
1,046
1,278
1,330
1,248
1,180
1,167
1,176
1,085
1,088
1,052
1,032
1,059
1,066
1,043
1,026
1,045
1,184
1,274
1,276
1,296
1,169
1,130
1,071
1,019
1,049
1,030
1,019
1,057
1,230
1,271
1,273
1,262
1,152
1,122
1,082
1,026
1,043
1,028
997
982
980
960
995
983
978
967
1,019
1,057
1,230
1,271
1,273
1,262
1,152
1,122
1,082
1,026
1,043
1,0 21)
995
983
97«
96?
TOTAL FOR PERIOD
1,015
1,630
3,460
3,861
3,600
3,172
3,077
3,508
3,363
3,590
3,586
3,672
4,068
4,253
998
1,783
3,412
4,022
3,643
3,046
3,059
3,580
3,475
3,552
3,537
3,759
4,096
4,177
950
1,975
3,613
4,107
3,369
3,149
3,004
3,601
3,435
3,588
3,513
3,800
4,179
3,322
960
2,154
3,747
3,989
3,270
3,151
3,166
3,562
3,375
3,624
3,540
3,781
,187
,226
954
2,317
3,804
4,079
3,220
3,118
3,121
3,621
3,429
3,610
3,490
3,770
,302
,048
768
2,523
3,591
3,867
3,758
3,253
3,917
3,455
3,607
3,631
3,176
3,711
4,256
4,057
1 ,078
1,049
3,133
4,196
3,621
3,041
3,049
2,950
3,642
3,636
3,692
3,734
3,720
4,176
4,356
1 ,076
1,055
2,911
3,328
3,868
3,117
3,097
3,254
3,633
3,487
3,649
3,665
3,713
4,136
4,203
1,040
1,132
2,983
4,229
3,981
3,062
3,447
3,288
3,412
3,686
3,607
3,682
3,808
4,149
4,193
1,011
1,291
3,129
3,742
3,847
3,160
3,069
3,364
3,173
3,758
3,631
3,628
3,837
4,208
4,188
1 ,008
1,458
3,167
3,843
3,721
3,108
3,010
3,399
3,416
3,661
3,630
3,645
4,001
4,290
4,091
1,014
1,533
3,224
3,965
3,631
3,160
3,123
3,359
3,335
3,681
3,617
3,752
4,054
4,122
4,163
2,963
5,388
10,485
11,990
10,612
9,367
9,140
10,689
10,273
10,730
10,636
11,231
12,343
11,752
2,682
6,994
11,142
11,935
10,248
9,522
10,204
10,638
10,411
10,865
10,206
11,262
12,745
12,331
3 ,194
3,236
9,027
11,753
11,470
9,220
9,593
9,492
10,6(17
10,809
10,948
11,0(11
11,2<11
12,461
12,752
3 ,033
4,282
9,520
11,550
11,199
9,428
9,202
10,122
9,924
11,100
10,878
11,025
11,892
12,620
12,442
13,163
30,929
44,930
46,594
39,508
37,684
38,958
41,938
42,593
43,421
42,948
45,626
50,169
49,277
4,054
3,992
4,634
6,028
6,794
6,471
6,495
6,201
6,280
6,256
6,827
7,150
7,175
7,476
8,493
9,645
4,258
3,899
4,618
6,021
6,346
6,714
6,485
6,162
6,205
6,377
6,625
7,503
6,908
8,017
8,271
9,452
4,001
3,961
4,900
6,091
6,025
6,608
6,194
6,082
f»,341
6, 366
6,467
7,332
7,477
7,961
8,375
9,525
,237
,036
,384
6,460
6,724
6,490
6,323
5,813
6,722
6,194
6,762
7,095
7,672
8,069
9,056
9,299
,590
,236
,753
5,830
6,959
6,714
6,416
5,9B2
6,623
5,896
6,721
7,532
7,101
8,404
8,217
9,781
4,674
4,035
5,214
5,061
6,769
6,571
5,655
6,540
7,130
6,597
7,001
6,719
7,027
8,023
9,072
9,425
3,566
4,069
5,521
7,279
6,022
6,715
7,302
5,771
6,107
5,868
6,755
7,742
7,426
8,040
8,394
10,499
3,768
4,255
5,315
6,404
6,343
6,838
6,519
5,712
5,766
6,598
6,957
7,962
7,229
8,119
9,638
10,103
3,949
4,261
5,599
6,434
6,663
6,473
6,276
5,959
5,502
6,527
7,584
7,251
7,530
8,046
8,592
9,982
3,918
4,449
5,521
6,399
6,495
6,747
6,136
6,139
6,237
6,490
6,973
7,285
7,892
8,215
9,026
9,982
4,030
4,423
5,515
6,375
6,805
6,764
6,094
6,070
6,303
6,507
7,398
7,358
7,330
8,687
8,762
10,206
3,958
4,639
5,627
6,022
6,842
6,553
6,341
6,217
6,232
6,151
7,451
7,518
7*,659
8,484
9,407
11,182
12,313
11,852
14,152
18,140
19,165
19,793
19,174
18,445
18,826
18,999
19,919
21,985
21,560
23,454
25,139
28,622
13,501
12,307
14,851
17,351
20,452
L9,775
18,394
18,335
20,475
18,687
20,484
21,346
21,800
24,496
26,345
28,505
11,283
12,585
16,435
20,117
19,028
20,026
20,097
17,442
17,375
18,993
21,296
22,955
22,185
24,205
26,624
30,584
11,906
13,511
lg,663
18,796
20,142
20,064
18,571
18,426
18,772
19,148
21,822
22,161
22, 881
23,386
27,195
31,370
49,003
§0,255
62,101
74,404
78,787
79,658
76,236
72,648
75,448
75,827
83,521
88,447
88,426
97,541
105,303
119,081
NOTE: Unless otherwise noted, these scries contain no revisions but are reprinted for the convenience of the user.
This series contains revisions beginning with 1977.
104
2,o;>o
(MAY 1980)
G. Experimental Data and Analyses
(Nov.)
P
Year
and
quarter
Unit labor cost,
all persons, nonfarm
business sector 1
Implicit price .
deflator, gross
nonfarm business
product 1
(Index: 1967=100)
mm tip ITTTTT i j IT ijp|
Components of BCD series
(Index: 1967=100)
1978
(2)
I Q....
II Q . . .
Ill Q . .
IV Q . . .
(Mar.)
T
180.2
184.7
187.8
191.4
190.2
r!92.8
195.6
H99.4
195.1
200.3
204.7
208.4
206.0
212.2
217.3
221.8
r213.5
r228.1
Implicit price deflator,
business product, Q
(index: 1967=100)
1979
I Q....
II Q . . .
Ill Q.,
IV Q . . .
1980
I Q....
II Q . . .
Ill Q..
IV Q . . .
Inventory-sales ratios in 1972 dollars 3
Year
and
month
Manufacturing
(Ratio)
Merchant
wholesalers
(Ratio)
Unit labor cost, all
business sector, Q
(index: 1967=100)
Inventory-sales ratios in 1972 dolars (ratio)
m
Retail trade
(Ratio)
1979
Jan.
Feb.
Mar.
Apr.
May.
June
1.76
1.78
1.72
1.86
1.78
1.84
1.33
1.35
1.30
1.33
1.30
1.31
1.39
1.38
1.38
.1.41
1.42
1.45
July
Aug.
Sept
Oct.
Nov.
Dec.
1.84
1.86
1.87
1.87
1.91
1.90
1.31
1.31
1.31
1.30
1.29
1.30
1.46
1.42
1.37
1.41
1.40
rl.37
1.87
1.88
pi. 92
(NA)
1.28
1.31
pi. 31
(NA)
rl.34
rl.35
pi. 39
(NA)
1980
Jan. .
Feb.
Mar.
Apr.
May.
June
July
Aug.
Sept
Oct.
Nov.
Dec.
III III III Ml III
1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980
NOTE: The "r" indicates revised; "p", preliminary; and "NA", not available.
l
Source: U.S. Department of Labor, Bureau of Labor Statistics.
2
See "New Features and Changes for This Issue," page iii.
3
Source: U.S. Department of Commerce, Bureau of Economic Analysis.
105
G. Experimental Data and Analyses-—Continued
Net Contributions of Individual Components to the Leading, Roughly Coincident, and Lagging Composite Indexes
Basic data
(and
Series title
unit of measure)
LEADING INDICATORS
1. Average workweek, production workers,
manufacturing (hours)
3. Layoff rate, manufacturing 1
(per TOO employees)
8. New orders for consumer goods and materials
in 1972 dollars (billion dollars)
32. Vendor performance, companies reporting
slower deliveries (percent)
12. Net business formation
(index: 1967=100)
20. Contracts and orders for plant and equipment
in 1972 dollars (billion dollars) . . . .
29. New building permits, private housing
units (index: 1967=100)
36. Change in inventories on hand and on order in
1972 dol., smoothed 2 (ann. rate, bil. dol.) .
92. Change in sensitive prices, smoothed 2
(percent)
19. Stock prices, 500 common stocks
(index: 1941-43=10)
104. Change in total liquid assets, smoothed 2
(percent)
106. Money supply (M2) in 1972 dollars
(billiondollars)
910. Composite index of 12 leading indicators 3
(index: 1967=100)
ROUGHLY COINCIDENT INDICATORS
41. Employees on nonagri cultural payrolls
(thousands)
51. Personal income less transfers in 1972
dollars (annual rate, billion dollars). . . .
47. Industrial production, total
(index: 1967=100) .
57. Manufacturing and trade sales in 1972
dollars (million dollars)
920. Composite index of 4 roughly coincident
indicators 3 (index: 1967-100)
LAGGING INDICATORS
91. Average duration of unemployment1
(weeks)
70. Manufacturing and trade inventories, total,
in 1972 dollars (billion dollars)
62. Labor cost per unit of output, manufacturing
(index: 1967=100)
109. Average prime rate charged by banks
(percent)
72. Commercial and industrial loans outstanding
(million dollars)
95. Ratio, consumer installment debt to
personal income (percent)
930. Composite index of 6 lagging indicators 3
(index: 1967=100)
Jan.
1980
Mar.
1980
Feb.
1980
40.3
Net contribution to index
r40.1
Apr.
1980
39.8
P39.6
1.3
1.3
1.5
p2.'8
r35.64
r35.61
r33.15
P30.33
48
42
45
40
r!35.4
e!35.4
NA
NA
r!4.81
r!3.53
r!4.53
p!3.76
102.1
r-9.62
r2.43
110.87
92.2
r-11.60
2.72
75.3
p-11.77
r2.31
64.1
NA
I.Ob
Jan.
to
Feb.
1980
Feb.
to
Mar.
1980
Mar.
to
Apr.
1980
-0.17
-0.27
-0.20
0.
-0.22
-1,56
-0.00
-0.40
-0.55
0.12
-0.21
-0.21
0,
-0.21
NA
0.18
NA
-0.15
-0.30
-0.64
-0.12
-0.01
0.12
-0.19
-0.63
-0.12
-0.56
WA
115.34
104.69
102.97
0.24
-0.64
rO.71
rO.82
eO.71
0.39
0.38
-0.42
p821.5
rp817.6
rpb08.4
p799.2
-0.18
-0.47
-0.53
r!35.9
r!35.4
r!32.6
p!26.3
-0.37
-2.07
-4.75
90,652
r90,845
r90,799
p90,320
0.17
-0.04
-0.54
rl,030.5
rl,024.8
rl, 017.5
pi, 009.1
-0.27
-0.35
-0.53
r!52.6
r!52.3
r!51.3
p!48.5
-0.05
-0.18
-0.66
161,742
r!58,947
p!55,808
NA
-0.38
-0.43
r!44.9
r!43.2
p!40.5
-0.69
-1.17
-1.89
-0.12
-0.17
-0.25
0.59
145.9
10.5
10.7
11.0
11.3
NA
r257.47
r25b.82
P256.31
NA
-0.12
-0.09
r!82.6
r!85.0
r!87.6
P189.3
0,41
0.44
0.42
15.25
15.63
19.77
0.74
5.21
4.26
0.04
18.31
162,201
162,074
pl62,289
0.41
-0.02
14.88
r!4.92
p!4.89
NA
0.14
-0.10
r!78.4
180.7
r!90.2
p!98.5
1.29
5.26
159,215
NA
NA
4.36
NOTE: The net contribution of an individual component is that component's share in the composite movement of the group. It
is computed by dividing the standardized and weighted change for the component by the sum of the weights for the available components and dividing that result by the index standardization factor. See the March 1979 BUSINESS
(pp. 106107) for weights and standardization factors. NA, not available, p, preliminary, r, revised, e, estimated.
*This series is inverted in computing the composite index; i.e., a decrease in this series is considered an upward movement.
This series is a weighted 4-term moving average (with weights 1,2,2,1) placed at the terminal month of the span.
figures in the net contribution columns are percent
changes in the index. The percent change is equal (except for rounding
differences) to the sum of the individual components1 contributions plus the trend adjustment factor. The treyid adjustment
factor for the leading index is 0.099; for the coincident index, -0.164; for the lagging index, -0.170.
2
106
G. Experimental Data and Analyses—Continued
Cyclical Comparisons: Current and Selected Historical Patterns
TuU|'lllljRTlMlinUllllMiniI|UMMIMII|llMMlllMJMM
8. New orders for consumer goods and
materials, 1972 dollars, smoothed1
Deviations
from
reference
peaks
Actual
data'
for
current
cycle
• 35
• 30
MONTHS DEVIFROM ATIONS CURRENT MONTH
REF.
FROM ACTUAL
AND
TROUGH 11/73
DATA YEAR
SERIES
8
BIL. DOL
48
6.3
37.93
3/79
49
50
51
52
4.8
2.8
2.0
0.7
37.42
36.68
36.42
35.94
4/79
5/79
6/79
7/79
53
54
55
56
0.2
-0.1
-1.1
-2.8
35.77
35.66
35.29
34.71
8/79
9/79
10/79
11/79
Percent
+30
• 32
48
SERIES
BIL. DOL.
41.9
37.93
3/79
49
50
51
52
40.0
37.2
36.3
34.5
37.42
36.68
36.42
35.94
4/79
5/79
6/79
7/79
53
54
55
56
33.8
33.4
32.0
29.9
35.77
35.66
35.29
34.71
8/79
9/79
10/79
11/79
+25
48
+20
49
50
51
52
12.6
11.3
5.5
2.9
15.03
14.85
14.07
13.73
4/79
5/79
6/79
7/79
53
54
55
56
3.9
2.2
3.7
7.2
13.86
13.63
13.83
14.30
8/79
9/79
10/79
11/79
57
58
59
60
9.3
9.3
9.1
6.1
14.58
14.58
14.55
14.16
12/79
1/80
2/80
3/80
+15
• 15
+10
+5
0
• 13
-5
• 11
0
6
12
18
24
30
36 42
Months Irom reference troughs
48
54
20. Contracts and orders for olant
and equipment. 1972 dollars,
smoothed1
0
full
Rsreant
+70
3/79
12/75
*13
SERIES 20 *
BIL. DOL
-15
-30
• 28
MONTHS DEVIFROM ATIONS CURRENT MONTH
AND
SPEC.
FROM ACTUAL
DATA YEAR
TROUGH 12/75
-10
-25
•30
• 15
SERIES 20 *
BIL. DOL
16.9
15.60
• 17
«ie
Actual
data
for
current
cycle
57
-2.7
34.72 12/79
58
-1.5
35.15
1/80
59
-2.5
34.80
2/80
60
-7.5
33.03
3/80
MONTHS DEVIFROM ATIONS CURRENT MONTH
SPEC.
FROM ACTUAL
AND
3/75
TROUGH
DATA YEAR
57
29.9
34.72 12/79
58
31.5
35.15
1/80
59
30.2
34.80
2/80
60
23.6
33.03
3/80
MONTHS DEVIFROM ATIONS CURRENT MONTH
REF.
AND
FROM ACTUAL
TROUGH 11/73
DATA YEAR
20, Contracts and orders for plant and
equipment 1972 dollars, smoothed1
-20
8. New orders for consumer goods
,and materials, 1972 dollars,
smoothedl
Deviations
from
specific
troughs
39
40
68.5
62.4
15.60
15.03
3/79
4/79
•41
42
43
44
60.4
52.0
48.3
49.7
14.85
14.07
13.73
13.06
5/79
6/79
7/79
8/79
45
46
47
48
47.2
49.4
54.5
57.5
13.63
13.83
14.30
14.58
9/79
10/79
11/79
12/79
49
50
51
57.5
57.2
53.0
14.58
14.55
14.16
1/80
2/80
3/80
.11
•10
0
6
12 18
24 30
36 4?
54 60
Months from specific troughs
NOTE: For an explanation of these charts, see "How to Read Charts" on p. 106 of the December 1979 issue.
l
This series is an MCD moving average placed on the center month of the span. Specific trough dates used, however, are those for the actual monthly series.
"Numeral indicates latest month used in computing the series.
107
G. Experimental Data and Analyses—Continued
Cyclical Comparisons: Current and Selected Historical Patterns—Continued
rTTTTTTl
73. Industrial production, durable
manufactures
Deviations
from
Actual
data
ref.
current
a
for
MONTHS DEVIFROM ATIONS CURRENT MONTH
REF.
FROM ACTUAL
AND
TROUGH
DATA YEAR
11/73
cycle
SERIES 73
1967=100
ii mi nm mi ii minimi mm ii mm mi mi ii ii ii mi
73. Industrial production, durable
manufactures
...... ..-.
Q
Devi°
atlons
from
specific
troughs
Actual
data
for
current
cycle
Percent
Percent
+20
+16
.150
+12
+ 8
9140
+4
0 •130
49
50
51
52
11.4
13.7
13.7
13.4
144.6
147.6
147.6
147.2
4/79
5/79
6/79
7/79
53
54
55
56
11.1
12.4
12.2
11.7
144.2
145.9
145.7
145.0
8/79
9/79
10/79
11/79
57
58
59
60
11.3
11.5
11.1
10.4
144.5
144.7
144.2
143.3
12/79
1/80
2/80
3/80
61
7.4
139.4
4/80
MONTHS DEVIFROM ATIONS CURRENT MONTH
FROM ACTUAL
AND
SPEC.
DATA YEAR
TROUGH
3/75
SERIES 73
1967=100
-4
-8
-12
J
-20
74. Industrial production, nondurable
manufactures
Q
-i +50
49
50
51
52
38.1
41.0
41.0
40.6
144.6
147.6
147.6
147.2
4/79
5/79
6/79
7/79
53
54
55
56
37.7
39.4
39.2
38.5
144.2
145.9
145.7
145.0
8/79
9/79
10/79
11/79
57
58
59
60
38.0
38.2
37.7
36.9
144. S
144.7
144.2
143.3
12/79
1/80
2/80
3/80
61
33.1
139.4
4/80
MONTHS DEVIFROM ATIONS CURRENT MONTH
REF.
FROM ACTUAL
AND
TROUGH
11/73
DATA YEAR
Percent
74, Industrial production, nondurable
manufactures
SERIES 74
1967=100
+ 32
+28
• 170
+ 24
Median „
+20
• 105
49
50
51
52
19.7
20.5
20.7
21.5
161.7
162.8
163.0
164.1
53
54
55
56
21.6
21.8
21.4
21.8
164.3
164.6
164.0
164.5
8/79
9/79
1U/79
11/79
57
58
59
60
21.9
22.9
22.4
21.4
164,7
166.1
165.4
164.0
12/79
1/80
2/80
3/80
61
19.8
161.9
4/80
D
4/79
5/79
6/79
7/79
• 165
+ 40
• 160
+35
• 160
+16
+ 12
• 150
3/75 ^
MONTHS DEVIFROM ATIONS CURRENT MONTH
SPEC.
FROM ACTUAL
AND
TROUGH
3/75
DATA YEAR
+8
Percent
-1 +45
•HO
• 155
+ 30
• 150
+25
• 145
+ 20
• 140
SERIES 74
1967-1UO
0
-4
• 135
•ISO
-8
-12
0
6
12
18
24
30 36
42 48
• 120
49
50
51
52
39.3
40.2
40.4
41.3
161.7
162.8
163.0
164.1
53
54
55
56
41.5
41.8
41.3
41.7
164.3
164.6
164.0
164.5
8/79
9/79
10/79
11/79
57
58
59
60
41.9
43.1
42.5
41.3
164.7
166.1
165.4
164.0
12/79
1/80
2/80
3/80
61
39.4
161.9
4/80
54 60
For an explanation of these charts, see "How to Read Charts" on p. 106 of the December 1979 issue.
108
•130
+10
Months from reference troughs
NOTE:
+15
4/79
5/79
6/79
7/79
• 125
+5
• 120
0
0 { 12 18 24 30 36 42 48 54 60
Months from specific troughs
• 115
G. Experimental Data and Analyses—Continued
Cyclical Comparisons: Current and Selected Historical Patterns-Continued
Deviations
from
reference
peaks
80. Corporate profits after taxes with IVA
and CCAdj., 1972 dollars
Actual
data
for
current
cycle
QRTRS . DEVIFROM ATIONS CURRENT QRTR.
AND
REF.
FROM ACTUAL
TROUGH IV/73
DATA YEAR
15
16
17
18
19
20
Corporate profits after taxes with IVA
and CCAdj, 1972 dollars
MU
SERIES 80
ANN. RATE
BIL. DOI
20 .8
56 .9 '' IV/78
15 .5
54 .4
1/79
13 .4
9.3
-0 .4
-14 .9
53 .4 11/79
51 .5 111/79
46 .9 IV/79
40 .1
1/80
QRTRS . DEVIFROM ATIONS CURRENT QRTR.
AND
FROM ACTUAL
SPEC.
DATA YEAR
TROUGH HI/74
• 50
• 40
- -25
16
SERIES 80
ANN. RATE
BIL. DOL.
56. 7 HI/78
193. 8
17
18
19
20
194.
181.
176.
166.
21
22
143. 0
107. 8
8
9
7
8
56. 9 IV/78
1/79
54. 4
53. 4 11/79
51. 5 HI/79
46. 9
40. 1
IV/79
1/80
• 30
• 30
-I -50
• 20
• 20
82. Rate of capacity utilization,
manufacturing (FRB)
L,C,U|
-i
82. Rate of capacity utilization,
manufacturing (FRB)
90
QRTRS .
FROM
REF.
TROUGH
• 90
SERIES 82
PERCENT
85
80
CURRENT QRTR.
AND
ACTUAL
DATA YEAR
IV/78
1/79
15
16
86.4
86.7
17
18
19
20
85.9 11/79
85.4 HI/79
84.6
IV/79
83.7
1/80
+ 15
985
+ 10
• 80
+5
75
QRTRS . DEVIFROM ATIONS CURRENT QRTR.
SPEC.
AND
FROM ACTUAL
TROUGH
DATA YEAR
1/75
SERIES 82
PERCENT
70
6
12
18 24
30
36
42
48
• 75
• 70
IV/78
1/79
15
16
16 .1
16 .4
86 .4
86 .7
17
18
19
20
15 .6
15 .1
14 .3
13 .4
85 .9 11/79
85 .4 HI/79
B4 .6 IV/79
83 .7
1/80
54 60
Months from reference troughs
0
6
12
18 24
30
36
42
48
54
60
Months from specific troughs
NOTE: For an explanation of these charts, see "How to Read Charts" on p. 106 of the December 1979 issue.
109
ALPHABETICAL INDEX-SERIES FINDING GUIDE
Series titles
(Soo complete titles in "Titles and Sources at
Series," following this index)
Current issue
(page numbers)
Series
number
Charts
Tables
Series
Historical
data descriptions
(issue date) (issue date)
A
Accession rate manufacturing
Agricultural products exports
Anticipations and intentions
Business expenditures, new plant and equipment
Business expenditures, new plant and equipment, DI . .
Consumer sentiment index
Employees, manufacturing and trade, DI
Inventories manufacturing and trade DI
New ordirs, manufacturing, DI
Prices selling manufacturing DI
Prices selling retail trade 01
Prices selling wholesale trade 01
Profits, not, manufacturing and trade, DI
Sales net manufacturing and trade 01
Automobiles
Expenditures personal consumption
1 mports of automobiles and parts
2
604
16
56
61
92
61
970
58
974
975
971
976
978
977
972
973
24
38
22
38
38
38
38
38
38
38
38
67
76
65
76
76
76
76
76
76
76
76
55
61S
22
56
65
92
2/80
8/68
12/78
2/79
2/79
2/79
2/79
2/79
2/79
11/68
11/68*
11/68*
11/68*
11/68*
11/68*
11/68*
11/68*
11/68*
11/68*
11/68*
9/79
10/69*
2/79
2/79
8/78
2/79
.2/79
12/78
B
Balance of payments-See International transactions.
Bank loans to businesses, net change
Bank rates =See Interest rates.
Bank reserves
Free reserves
Member bank borrowing from Federal Reserve
Bonds-See Interest rates.
Borrowing -See Credit.
Budget- -See Government.
Building- -See Construction.
Business equipment, industrial production . .
Business expenditures, new plant and equipment
Business expenditures, new plant and equipment, DI
—
Business formation
Business incorporations , . ,
Business inventories-See Inventories.
Business loans-See Bank loans.
Business saving
72
112
15,35
32
73
72
6/79
6/79
11/72
11/72
93
94
33
33
72
72
12/78
11/72
8/79
29
76
61
970
14
12
13
13,25
24
24
38
33
12,23
23
67
67
67
76
72
65
65
6/79
1/80
2/79
2/79
2/79
3/80
3/80
295
46
82
11/79
4/69
11/68
11/68*
c
Canada-SKG International comparisons.
Capacity utilization
Manufacturing (BRA)
Manufacturing (FRB)
Materials
Capital appropriations, manufacturing
Backlog
Newly approved , ,
,
Newly approved, DI .
Capital in vestment -See Investment, capital.
Capital investment commitments, Cl
Cash flow, corporate constant dollars
Cash flow, corporate, current dollars
Civilian labor foree-See also Employment.
Employment
Employment as percent of population
Total
Unemployed
Coincident indicators, four
Composite index . .
Composite index, rate of change
i
,
Diffusion index
Ratio to lagging indicators, composite index
Commercial and industrial buildings, contracts awarded ..
Commercial and industrial loans outstanding
Commercial and industrial loons outstanding, net change .
Compensation
Corn pen ration, average hourly, all employees,
nonfarm business sector
,
Compensation, average hourly, oil employees,
nonfarm business sector, percent changes
Compensation of employees
Compensation of employees, percent of national
income
Compensation, real average hourly, all employees,
nonfarm business sector
Compensation, real average hourly, all employees,
nonfarm business sector, percent changes
Earnings, average hourly, production workers,
private nonfarm economy
Earnings, average hourly, production workers,
private nonfarm economy, percent changes
Earnings, real average hourly, production
workers, private nonfarm economy
Earnings, real average hourly, production
workers, private nonfarm economy, percent changes .
Wags and benefit decisions, first year
Wage and benefit decisions, life of contract
Wages and salaries, mining, manufacturing, and
construction
83
82
84
20
20
20
64
64
64
9/79
9/79
9/79
97
11
965
24
24
37
66
66
75
8/79
8/79
2/79
914
35
34
11
29
29
60
70
70
3/79
9/79
9/79
442
90
441
37
51
18
51
18,51
920
920e
951
940
9
72
112
10
39
36
11
23
15,35
32
345
49
87
345c
280
50
45
87
82
11/79
64
30,47
70,83
9/79
89
62
89
62,89
3/80
2/80
3/80
2/80
60
3/79
7/79
6/79
3/79
8/79
6/79
6/79
74""
60
66
73
72
346
49
88
346c
50
88
340
49
87
2/80
340c
50
87
2/80
341
49
87
2/80
341c
348
349
50
50
50
87
88
88
11/79
11/79
53
19
63
4/80
2/80
i/72*
Series titles
(See complete titles in "Titles and Sources of
Series," following this index)
Charts
Composite indexes
Coincident indicators
920
Four coinciders
920c
Four coinciders rate of change
940
Ratio to lagging indicator index
Lagging indicators
930
Six lapgers
930c
Six taggers, rate of change
Leading indicators
914
Capital investment commitments
,
915
Inventory investment and purchasing
913
Marginal employment adjustments
917
Money and financial flows
916
Profitability
910
Twelve leaders
910:
Twelvo leaders rats of change
Construction
Building permits new private housing
29
Contracts awarded, commercial and industrial, bldgs. . . 9
Expenditures, plus machinery and equipment sales —
69
Gross private domestic fixed investment
Nonresidential as percent of GNP
248
Nonresidential structures, constant dollars
87
Nonresidential total constant dollars
86
Residential as percent of GNP
249
Residential, total, constant dollars
89
28
Consumer finished goods-See Wholesale prices.
8
Consumer goods and materials, new orders
Consumer goods, industrial production
75
Consumer installment debt
Debt outstanding
66
Net change
113
95
Ratio to personal income
Consumer installment loans, delinquency rate
39
Consumer prices-See also International comparisons.
320
All items index
AH items percent changes
320c
Food, index
322
322c
Food, percent changes
58
Consumption expenditures-See Personal consumption
expenditures.
Contracts and orders, plant and equipment, constant dot. . 20
Contracts and orders, plant and equipment, current dol. . . 10
Corporate bond yields
116
Corporate profits-See Profits.'
Costs-See Labor costs and Price indexes.
Credit
112
Bank loans to businesses net change
Borrowing total private
110
72
Commercial and industrial loans outstanding
Consumer installment debt
D@bt outstanding
G6
Net change
113
Ratio to personal income
!15
Consumer installment loans, delinquency rate
39
Mortgage debt net change
33
Crude materials-See Wholesale prices.
110
Tables
Historical Series
data descriptions
(issue date) (issue date)
3/79
7/79
3/79
11/75*
60
3/79
7/79
11/75*
11
11
11
11
11
10
39
60
60
60
60
60
60
3/79
3/79
3/79
3/79
9/79
3/79
7/79
13,25
23
24
67
66
67
6/79
8/79
4/69
12/79
9/68*
47
25
25
47
25
25
83
67
67
83
67
67
11/79
10/69*
11/79
10/69*
9/79
3/80
6/72*
12,21
22
64
65
12/79
35
32
15,35
33
73
72
73
72
5/79
6/79
8/79
2/79
10/72
10/72
49
49,59
49
49
22
84,95
84,95
84
84
65
5/80
0/80
S/80
5/80
8/78
5/69*
5/69*
5/69*
5/69*
11/68*
12,23
23
34
66
66
73
12/79
12/79
1/79
9/68
7/64
32
32
15,35
72
72
73
6/79
11/72
11/79
7/64
6/79
11/72
35
32
15,35
33
32
73
72
73
72
71
5/79
6/79
8/79
2/79
4/80
10/72
10/72
625
564
548
517
53
55
53
53
90
91
90
90
5/80
1/00
5/80
39
32
33
12,21
72
64
2/79
8/79
11/72
12/74
970
965
951
974
9S3
9S7
38
37
36
38
36
37
2/79
2/79
6/79
2/79
1/80
5/80
11/68*
936
76
75
74
76
74
75
79
37
91)2
9C4
36
38
36
36
37
971
938
976
978
977
360
972
973
961
38
37
38
38
38
37
38
38
36
10
39
11
60
10
39
60*"
5/75*
9/79
9/79
3/80
11/72
11/72
D
1/72
Debt-See Credit.
4/72* Defense
Military prime contract awards
National defense purchases
4/72*
New orders defense products
4/72*
Obligations incurred
11/75* Deficit-See Government.
Deflators-See Price indexes.
Delinquency rate consumer installment loans
Deliveries vendor performance
Diffusion indexes
Business expenditures, new plant and equipment .....
11/72
Capital appropriations, manufacturing
11/72
Coincident indicators
...
Employees manufacturing and trade
10/72*
ndustrial materials prices
ndustrial materials prices, components
10/72*
ndustrial production
10/69
ndustrial production components
nitial claims, State unemployment insurance
10/69*
Inventories manufacturing and trade
Lagging indicators
10/72*
Leading indicators
New orders durable goods industries
10/72*
New orders, durable goods industries, components
New
orders manufacturing
6/72*
Prices 600 common stocks
....
Prices selling manufacturing
6/72*
Prices, selling, retail trade
Prices selling wholesale trade
6/72*
Profits manufacturing
Profits, nst, manufacturing and trade
6/72*
Sales, net, manufacturing and trade
6/72*
Workweek mfg production workers
6/72*
Workweek, mfg. production workers, components ....
Disposable personal income-See Income.
975
9!>2
9!iO
NOTE: The following abbreviations are used in this index: Cl, composite index; DI, diffusion index; GPDI, gross private domestic investment; and NIPA, national income and product accounts.
*The identification number for this series has been changed since the publication date shown.
Current issue
(page numbers)
Series
number
78
74
76
74
74
75
77
76
75
76
76
76
75
76
76
74
77
10/79
10/69*
li/68*
4/69*
9/79*
6/78*
2/79
6/79
6/79
1/80
6/69*
11/68*
2/79*
ii/ei*
9/79
2/79
2/79
2/79
5/69*
11/68*
11/68*
11/68*
10/79
2/79
2/79
1/80
ii/68*
11/68*
ALPHABETICAL INDEX-SERIES FINDING GUIDE-Continued
Series titles
(See complete titles in "Titles and Sources of
Series," following this index)
Current issue
(page numbers)
Series
number
Charts
Tables
Historical
Series
data
descriptions
(issue date) issue data)
E
Earnings-See Compensation,
Employment and unemployment
Accession rate manufacturing
Civilian labor force, total
Employee hours in nonagricultural
establishments
Employee hours in nonagricultural
establishments rate of change
Employees in mining, mfg., and construction
Employees, manufacturing and trade, Dl
Employees on nonagricultural payrolls
Employees on private nonag. payrolls, Dl
Employment, ratio to population .
Employment total civilian
Help-wanted advertising in newspapers
Help-wanted advertising, ratio to unemployment .Initial claims State unemployment insurance
Initial claims, State unemployment insurance, Dl
Layoff rate manufacturing
Marginal employment adjustments, Cl
Overtime hours, mfg. production workers
Participation rate, both sexes, 16-19 years old
Participation rate females 20 years and over
Participation rate males 20 years and over
Part-time workers for economic reasons
Persons engaged in nonagricultural activities
Quit rate, manufacturing
Unemployed both sexes 16-1 9 years old
Unemployed, females 20 years and over
Unemployed full-time workers
Unemployed , males 20 years and over
Unemployment, average duration
Unemployment rate 15 weeks and over
Unemployment rate, insured, average weekly
Unemployment rate total
Unemployment, total civilian
Workweek mfg production workers
Workweek, mfg. production workers, components ....
Workweek mfg production workers, Dl . '
Equipment-See Investment, capital.
Exports-See Foreign trade and International transactions.
2
441
16
51
61
89
2/80
3/80
48
17
61
1/80
48c
40
974
41
963
90
442
46
60
5
962
3
913
21
453
452
451
448
42
4
446
445
447
444
91
44
45
43
37
1
39
17
38
14,17
36
18
51
17
17
16
36
12,16
11
16
51
51
51
51
17
16
51
51
51
51
15,18
18
18
18
18,51
12,16
961
36
62
76
62
74
62
89
61
61
61
74
61
60
6]
89
89
89
89
62
61
89
89
89
89
62
62
62
62
62,89
61
77
74
1/80
2/80
2/79
2/80
1/80
2/80
3/80
7/79
2/80
7/79
6/78
2/80
3/79
2/80
3/80
3/80
3/80
3/80
2/80
2/80
3/80
3/80
3/80
3/80
3/80
2/80
7/79
2/80
2/80
2/80
Gross business product
Fixed weighted price index
Fixed weighted price index, percent changes
Gross domestic product, labor cost per unit
Gross
national product
8/68
GNP constant dollars
4/72*
GNP constant dollars differences
GNP constant dollars percent changes
8/68*
GNP, current dollars
8/68*
GNP current dollars differences
GNP current dollars percent changes
11/68*
GNP ratio to money supply
8/68
Goods output in constant dollars
Implicit price deflator
Implicit price deflator percent changes
4/72*
Per capita GNP constant dollars
12/74 Gross private domestic invest.-See Investment, capital.
6/69
6/69*
8/68*
12/74
4/72"
4/72"
6/69
4/72
4/72*
8/68
1/80*
34
72
1/79
33
40
11
72
80
60
8/79
10/79
3/79
48
48
84
84
11/79
11/79
57
57
57
56
56
44
44
57
56
57
56
56
44
44
57
56
44
44
47
93
93
93
92
92
82
82
93
92
93
92
92
82
82
93
92
82
82
83
8/79
8/79
8/79
12/78
12/78
11/79
11/79
8/79
12/78
8/79
72/78
12/78
11/79
n/79
8/79
3/80
11/79
11/79
11/79
33
72
12/78
49
20
63
9/79
502
501
500
512
511
510
298
52
52
52
52
52
52
46
90
90
90
90
90
90
83
9/79
9/79
9/79
10/79
10/79
10/79
11/79
263
262
265
564
267
266
268
261
260
43
43
47
55
43
43
47
43
43
81
81
83
91
81
81
83
81
81
11/79
11/79
11/79
10/79
G
Goods output in constant dollars
Government budget, NIPA
Federal expenditures
Federal receipts
Federal surplus or deficit
State and local expenditures
State and local receipts
State and local surplus or deficit
Surplus or deficit total
Government purchases of goods and services
Federal constant dollars
Federal current dollars
Federal percent of GNP
National defense
State and local, constant dollars
State and local current dollars
State and local percent of GNP
Total constant dollars
Total current dollars
11/79
11/79
11/79
n/79
11/79
Current issue
(page numbers)
Series
Charts
Tables
Series
Historical
descriptions
data
(issue date) issue date)
11/79
11/79
311
311c
68
48
48
30
84
84
70
9/79
7/68'
50
5Gb
50c
200
200b
200c
107
49
310
31 On
217
19,40
10/79
10/79
10/79
10/79
10/79
10/79
8/79
9/79
11/79
11/79
10/79
10/69*
10/69*
10/69*
10/69
10/69
10/69
31
20
48
48
40
63,80
80
80
80
80
80
71
63
84
84
80
46
60
17
17
61
61
7/79
2/80
12/74
21
1
16
12,16
2/80
2/80
12/74
8/68
961
36
61
61
77
74
28
29
89
249
25
13,25
25
47
67
67
67
83
3/80
6/79
9/79
11/79
6/72
4/69
310
310c
48
48
84
84 .
11/79
11/79
10/69*
10/69*
345
49
87
345c
280
64
50
45
30,47
87
82
70,83
346
49
88
346c
95
286
287
225
224
227
50
15,35
45
88
73
82
8/79
11/79
340
39
40
10/69*
10/69*
10/69
H
Help-wanted advertising in newspapers
Help-wanted advertising ratio to unemployment
Hours of production workers, manufacturing
Average weekly overtime
Average workweek
Average workweek components
Average workweek Dl
Housing
Housing starts
Housing units authorized by local btdg. permits
Residential GPDI, constant dollars
Residential GPDI percent of GNP
1/80
io/69*
1
F
Federal funds rate
119
Federal Government-See Government.
Federal Reserve member bank borrowing from
94
Final sales in constant dollars
213
Financial flows and money Cl
917
Fixed investment-See Investment, capital.
311
Fixed weighted price index NIPA
Fixed weighted price index, percent changes, NIPA
311c
Food-See Consumer prices.
Foreign trade-See also International transactions.
Balance on goods and services
667
Balance on merchandise trade
622
Exports, merchandise, adjusted, exc. military
618
Exports merchandise total exc military aid
602
Exports of agricultural products
..
604
Exports of goods and services, constant dol., N 1 PA
256
Exports of goods and services, current dol., NIPA
252
Exports of goods and services exc military
668
Exports of nonelectrical machinery
606
Imports merchandise adjusted exc military
620
Imports, merchandise, total
,
612
Imports of automobiles and parts
616
Imports of goods and services, constant dol., NIPA
257
Imports of goods and services, current dol., NIPA
253
Imports of goods and services total
669
Imports of petroleum and products
614
Net exports, goods and services, constant dol., NIPA
255
Net exports, goods and services, current dol., NIPA , . . 250
Net exports, goods and services, percent of GNP, NIPA
251
France-See International comparisons.
Free reserves
93
Series titles
(See complete titles in "Titles and Sources of
Series," following this index)
11/73
5/69*
5/69*
5/69*
5/69*
5/69*
5/69*
5/69
5/69*
Implicit price deflator GNP
Implicit price deflator, GNP, percent changes
Imports-See Foreign trade and International transactions.
Income
Compensation, average hourly, all employees,
nonfarm business sector
....
Compensation, average hourly, all employees,
nonfarm business sector percent changes
Compensation of employees
Compensation of employees, pet. of nat'l. income —
Compensation, real average hourly, ail employees,
nonfarm business sector
Compensation, real average hourly, all employees,
nonfarm business sector percent changes
Consumer installment debt, ratio to personal income ,.
Corporate profits with IVA and CCA
Corp. profits with IVA and CCA, pet. of nat'l. income .
Disposable personal income constant dollars
Disposable personal income current dollars
Disposable personal income, per capita, constant dol. . .
Earnings, average hourly, production workers,
Earnings, average hourly, production workers,
private nonfarm economy, percent changes
Earnings, real average hourly, production
workers private nonfarm economy
Earnings, real average hourly, production
workers, private nonfarm economy, percent changes .
Income on foreign investment in the U S
Income on U S investments abroad
Interest net
Interest net percent of national income
National income
10/72*
11/79
9/79
10/72*
10/69
10/69*
10/72*
10/72*
i
11/79
80
80
10/79
10/79
10/79
io/69
10/69*
10/69
10/69
10/69
49
87
2/80
6/72*
340c
50
87
2/80
6/72*
341
49
87
2/80
6/72*
341 c
652
651
288
289
220
52
223
51
51c
108
282
50
57
57
45
47
45
19
40
14, 19
39
31
45
87
93
93
82
83
82
63
63
63
2/80
8/79
8/79
11/79
11/79
10/79
2/80
1/80
2/80
7/79
8/79
11/79
6/72*
5/69*
5/69*
10/69
10/69*
10/69
47
45
47
50
50
19
23
28
83
82
83
88
88
63
65
69
79
75
11/79
11/79
11/79
Personal income current dollars
Personal income, less transfers, constant dollars
Personal income, less transfers, constant dols. rate of chg.
Personal income ratio to money supply
5/69
Proprietors' income with IVA and CCA
....;...
Proprietors' income with IVA and CCA, percent
10/69*
283
of national income
...
284
11/72
Rental income of persons with CCA
......
285
Rental income of persons with CCA, pet. of nat'l. income
348
Wage and benefit decisions first year
349
Wage and benefit decisions life of contract
53
Wages and salaries, mining, mfg., and construction
13
Incorporations new businesses
7/68*
23
Industrial materials prices
7/68*
967
7/68*
Industrial materials prices Dl
Industrial production - See also International comparisons.
76
Business equipment
....
75
Consumer goods
73
Durable manufactures . ......,,.'..',..,'.,'.......'
10/69
74
Nondurable manufactures
. ..
47
11/73
Total
10/69
Total components
966
10/69*
Total Dl
47c
10/69*
Total rate of change
Installment debt-See Credit.
11/73
10/69
Insured unemployment
5
Avg. weekly initial claims, unemploy. insurance
10/69*
Avg. weekly initial claims, unemploy. insurance, Dl . . , 962
45
Avg weekly insured unemployment rate
io/69
40
40
37
24
22
20
20
14,20,58
37
39
16
36
18
71 '"
82
67
65
63
63
63,94
78
75
61
74
62
7/68*
10/69
11/79
11/79
10/69*
10/69
10/69*
6/72*
6/72*
4/80
3/80
5/80
4/69
5/8o'
4/69*
1/80
12/79
12/79
12/79
12/79
il/68
9/79"
12/79
7/79
6/78
7/79
6/69
6/69*
6/69
NOTE: The following abbreviations are used in this index: Cl, composite index; Dl,-diffusion index; GPDI, gross private domestic investment; and NIPA, national income and product accounts.
*The identification number for this series has been changed since the publication date shown.
111
ALPHABETICAL INDEX-SERIES FINDING GUIDE-Continued
Series titles
(See complete titles in "Titles and Sources of
Series," following this index)
Interest, not ...
Interest, net, percent of national income
Interest rates
Bank rates on short-term business loans
Corporate bond yields .
Federal funds rate
Mortgago yields secondary nwk@t
Municipal bond yields
Prime rate charged by banks
Treasury bill rate
Treasury bond yields
Intermediate materials=See Wholesale prices.
International comparisons
Consumer prices
Canada, index . .
.
Canada, percent changes
France, index ...
Franee, percent changes
Italy, index
Italy, percent changes
Japan, index
Japan percent changes
United Kingdom, index
United Kingdom, percent changes
United States, index
United States, percent changes
West Germany, index .
West Germany, percent changes
Industrial production
Canada
Franco
Italy
Japan
OECD, European countries
United Kingdom
United States
West Germany . .
Stock prices
Canada
,
France
Italy
Japan
United Kingdom
United States
West Germany
International transactions-See also Foreign trade.
Balance on goods and services
Balance on merchandise trade
Exports, merchandise, adjusted, exe. military
Exports, merchandise, total exe, military aid
Exports of agricultural products
Exports of goods and services, exe. military
Exports of nonelectrical machinery
,
Imports, merchandise, adjusted, oxe. military
Imports, merchandise, total
Imports of automobiles and parts
1 mports of goods and services, total
Imports of petroleum and products
Income on foreign investments in U.S
Income on U.S. investments abroad
Inventories
Business inventories, change, constant dollars
Business inventories, change, current dollars .
Business inventories, change, percent of GNP
Finished goods, manufacturers'
Inventories on hand and on order, net change
Inventories to sales ratio, mfg. and trade (deflated) . . ; .
Inventory investment and purchasing, Cl
Manufacturing and trade, constant dollars
Manufacturing and trade, current dollars
Manufacturing and trade, current dollars, change
Manufacturing and trade, Dl
Materials and supplies on hand and on order, mfg
Materials and supplies on hand and on order, mfg.,
change
Investment, capital
Capital appropriations, manufacturing, backlog
Capital appropriations, manufacturing, new
Capital appropriations, manufacturing, new, Dl
Capital investment commitments, Cl
Construction contracts, commercial and industrial
Construction expenditures, business and machinery
and equipment sales
Gross private domestic investment
Fixed investment, constant dollars ,
Fixed investment, current dollars
Inventories, business, change in-See Inventories.
Nonresidential, total constant dollars
Nonresidential, total, percent of GNP
Producers' durable equip., nonresid,, constant dol. . .
Residential, total, constant dollars
Residential, total, percent of GNP
Structures, nonresidential, constant dollars
Total, constant dollars
Total, current dollars
New orders, capital goods, nondefense, constant
dollars
New orders, capital goods, non defense, current
dollars
Current issue
(page numbers)
Series
number
Charts
Tables
Series
Historical
data descriptions
(issue date) (issue date)
288
289
45
47
82
83
11/79
11/79
10/69
10/69*
67
116
119
118
117
109
114
115
35
34
34
34
34
35
34
34
73
73
72
73
73
73
72
73
8/79
1/79
1/79
3/80
1/79
1/79
1/79
1/79
12/74
7/64
11/73
7/64
7/64
11/73
7/64
7/64
Series titles
(See complete titles in "Titles and Sources of
Series," following this index)
Plant and equipment
Business expenditures new
.
Business expenditures, new, Dl
Contracts and orders constant dollars
Contracts and orders current dollars
Investment, foreign
Income on foreign investments in U S
Income on U S investments abroad
Italy-See International comparisons.
Charts
...
. ......
.
. .
112
Tables
Historical Series
data descriptions
(issue date! (issuo date)
61
970
20
10
24
38
12,23
23
67
76
66
66
2/79
2/79
11/68
11/68*
12/79
12/79
9/68*
652
651
57
57
93
93
a/79
8/79
5/69*
5/69*
68
62
63
26
30
15,30
30
29
70
70
70
70
9/79
7/aa
930
930c
952
3
10
39
36
12,16
60
910
10
39
36
33
13,31
60
11
27
60
68
26
. 68
J
Japan-See International comparisons.
59*"
96
96
95
95
96
96
95
95
95
95
84,95
84,95
95
95
723
726
727
728
721
722
47
725
58
58
58
58
58
58
14,20,58
58
94
94
94
94
94
94
63,94
94
3/80
2/79
2/79
2/79
2/79
2/79
743
746
747
748
742
19
745
59
59
59
59
59
59
59
96
96
96
96
96
96
96
6/79
6/79
6/79
6/79
6/79
6/79
6/79
667
622
618
602
604
668
606
620
612
616
669
614
652
651
57
57
57
56
56
57
56
57
56
56
57
56
57
57
93
93
93
92
92
93
92
93
92
92
93
92
93
93
8/79
8/79
8/79
30
245
247
65
36
77
915
70
71
31
975
78
26,42
42
47
27
13,26
27
11
15,27
27
26
38
27
68,81
81
83
68
68
68
60
68
68
68
76
68
9/79
38
26
68
733
733c
736
736c
737
737c
738
738c
732
732c
320
320c
735
735c
59*"
59
59
59
59
49
49,59
1/79
1/79
7/79
7/79
1/79
1/79
1/79
1/79
1/79
1/79
5/80
5/80
1/79
1/79
9/72*
L
9/72*
10/72*
10/72*
10/72*
10/72*
Labor cost per unit of gross domestic product
Labor cost per unit of output, manufacturing
Labor cost per unit of output, private business sector —
Labor cost price per unit of, nonfarm business . J .......
Labor force-See Employment and unemployment.
Lagging indicators, six
Composite index
Composite index, rate of change
:..,....'..
Diffusion index
Layoff rate manufacturing
Leading indicators, twelve
Composite index
Composite index rate of change
Diffusion index
Liabilities of business failures
Liquid assets change in total
Loans-See Credit.
12/79
2/79
12/78
12/78
8/79
12/78
8/79
12/78
12/78
8/79
3/80
8/79
8/79
9/72*
9/72*
9/72*
5/69*
5/69*
9/72*
M
i6/72*
11/68
10/72* Man-hours-See Employment and unemployment.
Marginal employment adjustments, Cl
Materials and supplies on hand and on order, mfg
Materials and supplies on hand and on order, mfg.
change
Materials, crude and intermediate-See Wholesale prices.
Materials, industrial-See Price indexes.
Materials, new orders for consumer goods and
Materials rate of capacity utilization
"
Merchandise trade~See Foreign trade.
Military-See Defense.
Money and financial flows Cl
. .
5/69* Money supply
5/69*
Liquid assets change in total
Money supply Ml
5/69*
Money supply Ml percent changes
Money supply M2
...'.:..'.....'.
5/69*
Money supply M2 percent changes
5/69*
Ratio GNP to money supply Ml
5/69*
5/69*
5/69*
Mortgage debt net change
Mortage yields secondary market
Municipal bond yields
910c
950
14
104
1)13
78
74
61
74
72
71
12/79
li/79
3/79
7/79
6/79
2/80
3/79
7/79
6/79
2/79
1/80
11/68
10/72
11/75*
8/68*
5/75*
3/79
vao
12/79
3/ao
8
84
12,21
20
64
64
9/79
917
11
60
3/79
104
105
85
106
102
107
108
33
118
117
13,31
31
31
13,31
31
31
31
32
34
34
71
71
71
71
71
71
71
71
73
73
1/80
3/79
3/79
3/79
3/79
a/79
a/79
4/80
3/80
1/79
23
23
12,21
12,23
23
53
21
21
io/72
16/72'
7/64
7/64
N
11/79
11/79
1/80
4/80
1/80
3/79
12/79
12/79
12/79
2/79
1/80
24
24
37
11
23
66
66
75
60
66
8/79
8/79
2/79
3/79
8/79
69
24
67
12/79
243
242
42
42
81
81
11/79
10/79
86
248
88
89
249
87
241
240
25
47
25
25
47
25
42
42
67
83
67
67
83
67
81
81
9/79
27
23
66
12/79
23
66
2/69*
2/69
11/68*
27
24
8
Contracts and orders, plant and equip., constant dol. . . 20
Contracts and orders, plant and equip., current dol. , . . 10
548
Defense products
7
Durable goods industries constant dollars
6
Durable goods industries current dollars
11/79
9/79
9/79
11/79
9/79
10/79
10/79
12/79
Diffusion index
New orders manufacturing Dl
Nonresidential fixed investment, GPDI
Producers' durable equipment, constant dollars
Structures constant dollars
Total constant dollars
Total percent of GNP
12/79
12/79
964
971
37
38
66
66
64
66
66
90
64
64
77
75
76
88
87
86
248
25
25
25
47
67
67
67
83
11/79
517
721
53
58
90
94
5/80
2/79
49
62
358
370
370c
83
82
84
21
20
15,30
50
50
50
20
20
20
16
63
70
88
88
88
64
64
64
61
9/79
12/79
97
11
965
914
9
24
i6/69 National defense-See Defense.
10/69* National Government-See Government.
National income-See Income.
9/68
New orders, manufacturers'
Capital goods industries, nondefense, constant dol
Capital goods industries nondefense current dol
9/68*
9/68
3/80
12/79
12/79
9/68*
1/80
3/ao
3/80
i/io'
2/79
9/68*
ii/68*
9/79
9/79
9/79
10/69*
O
Obligations incurred Defense Department
OECD European countries industrial production
Orders-See New orders and Unfilled orders.
10/69* Output-See also Gross national product and
Industrial production.
Goods output, constant dollars
Labor cost per unit of
10/69*
Per hour, nonfarm business sector
Per hour private business sector
10/69
Per hour, private business sector, percent changes
Ratio to capacity, manufacturing (BEA)
9/68
Ratio to capacity materials
Overtime hours, production workers, manufacturing
—
NOTE: The following abbreviations are used in this index: Cl, composite index; Dl, diffusion index; GPDI, gross private domestic investment; and NIPA, national income and product accounts.
*Tho identification number for this series has been changed since the publication date shown.
Current issue
(page numbers)
Series
number
12/79
ii/68
6/68*
10/72*
10/72*
9/79"
9/79
9/79
2/80
i2/74
ALPHABETICAL INDEX-SERIES FINDING GUIDE-Continued
Series titles
{See complete titles in "Titles and Sources of
Series," following this index)
Current issue
(page numbers)
Series
number
Charts
Tables
Series
Historical
descriptions
data
(issue date) (issue date)
P
Participation rates, civilian labor force
Both sexes, 1 6-1 9 years of age
Females 20 years and over
Males 20 years and over
Personal consumption expenditures
Automobiles ....
Durable goods constant dollars
Durable goods, current dollars
Nondurable goods constant dollars
Nondurable goods, current dollars
Services constant dollars
Services, current dollars
Total, constant dollars
Total current dollars
Total, percent of GNP
Personal income-See Income.
Personal saving
Personal saving rate .
Petroleum and products imports
Plant and equipment-See also Investment, capital.
Business expenditures for
Business expend it ues for Dl
Contracts and orders for constant dollars
Contracts and orders for current dollars
Price indexes
Consumer prices-See also International comparisons.
All items index
All items percent changes
Food index ...
Food percent changes
Deflators, NIPA..
Fixed weighted, gross business product, index
Fixed weighted, gross business product, pet. changes
Implicit price deflator GNP index
Implicit price deflator GNP percent changes
Industrial materials
'.
Industrial materials components
Industrial materials, Dl
Labor cost price per unit of .
Stock prices-See also International comparisons.
500 common stocks
500 common stocks D 1
Wholesale prices
All commodities index
All commodities, percent change
Consumer finished goods index
Consumer finished goods, percent changes
Crude materials index
Crude materials percent changes
Intermediate materials, percent changes
.
' he r 9i
ro u cer F
mis
.
i-t'
H
°° *' pe £en, c a ^es
453
452
451
51
51
51
89
89
89
3/80
3/80
3/80
55
233
232
238
236
239
237
231
230
235
22
41
41
41
41
41
41
41
41
47
65
80
80
81
81
81
81
80
80
83
9/79
10/79
10/79
10/79
10/79
10/79
10/79
10/79
10/79
10/79
292
293
614
46
46
56
82
83
92
61
970
20
10
90
24
38
12,23
23
18
67
76
66
66
62
320
320c
322
322c
49
49,59
84,95
84,95
49
49
84
84
311
23
48
48
48
48
28
967
26
92
37
29
13,28
84
84
84
84
69
79
75
70
69
4/80
19
968
13,28
37
69
75
9/79
9/79
330
330c
334
334c
331
331 c
332
332c
333
333c
26
48
48
48
48
48
48
48
48
48
48
29
85
85
86
86
85
85
86
86
86
86
70
4/79
4/79
5/80
5/80
4/79
4/79
4/79
4/79
5/79
5/79
976
978
977
525
109
38
38
38
53
35
76
76
76
90
73
2/79
2/79
2/79
5/80
1/79
88
25
67
9/79
358
370
370c
916
50
50
50
11
88
88
88
60
311c
310
310c
11/79
11/79
Producer finished goods-See Wholesale prices.
Producers' durable equipment nonresid GPDI
Production -See Industrial production and GNP.
Productivity
Output per hour, nonfarrn business sector
,. .
Output per hour private business sector
Output per hour, private business sector, pet. changes .
Profitability Cl .
...
Profits
Corporate, after taxes, constant dollars
18
16
10/69
S
10/69
Salaries-See Compensation.
Sales
Final sales, constant dollars
Machinery and equipment sales and business
construction expenditures
Manufacturing and trade sales, constant dollars
Manufacturing and trade sales, current dollars
Manufacturing and trade sales Dl
Ratio, inventories to sales, mfg. and trade
Retail sales, constant dollars
Retail sales current dollars
Saving
Business saving
Government surplus or deficit
Gross saving, private and government
Personal saving
Personal saving rate
Selling prices-See Prices, selling.
Sensitive prices, change in
State and local government-See Government.
Stock prices-See also International comparisons.
500 common stocks
500 common stocks, Dl
Stocks of materials and supplies on hand and on order . . .
Stocks of materials and supplies on hand and on order,
change
Surplus-See Government.
10/69
10/69
10/69
10/69*
10/69
7/68*
11/68
11/68*
12/79
12/79
9/68'
2/80
5/69*
5/69*
5/69*
5/69*
11/79
11/79
11/79
11/79
io/69*
10/69*
5/80
4/69
5/8o"
11/79
4/69*
11/79
69
69
9/79
9/79
28
28
45
47
38
37
29
11
29
69
69
82
83
76
75
70
60
69
9/79
9/79
Ratio, profits with IVA and CCA to corporate domestic
income
Proprietors' income with IVA and CCA
Proprietors' income with IVA and CCA, pet. of nat'l. inc. .
81
282
283
29
45
47
70
82
83
9/79
11/79
11/79
2/79
10/79
1/78
9/79
9/79
11/79
11/79
Q
4
16
61
2/80
284
45
82
n/79
285
47
83
11/79
R
Rental income of persons with CCA
Rental income of persons, with CCA, percent of national
income
Tables
93
89
249
33
25
47
72
67
83
9/79
11/79
10/69*
59
54
22
22
65
65
12/79
12/79
6/72*
213
40
80
10/79
69
57
56
973
77
59
54
24
14,22
22
38
27
22
22
67
65
65
76
68
65
65
12/79
9/68*
1/80
1/80
2/79
1/80
2/69'
11/68*
295
298
290
292
293
46
46
46
46
46
82
83
82
82
83
11/79
11/79
11/79
92
13,28
69
4/80
T9
968
78
13,28
37
27
69
75
68
9/79
9/79
1/80
38
26
68
12/79
114
115
34
34
72
73
1/79
1/79
7/64
7/64
91
60
5
962
3
15,18
17
16
36
12,16
62
61
61
74
61
3/80
2/80
7/79
6/78
2/80
6/69*
6/69*
8/68*
446
445
447
444
37
4
51
51
51
51
18,51
16
89
89
89
89
61
3/80
3/80
3/80
3/80
2/80
2/80
44
45
43
18
18
18
62
62
62
2/80
7/79
2/80
4/72
6/69
4/72
96
25
21
21
64
64
3/80
12/79
9/68
9/68
107
108
32
31
31
12,21
71
71
64
8/79
8/79
8/79
i2/74
330
330c
334
334c
331
48
48
48
48
48
48
48
48
48
48
13,28
12,16
85
85
86
86
85
85
86
86
86
86
69
61
4/79
4/79
5/80
5/80
4/79
4/79
4/79
4/79
5/79
5/79
4/80
2/80
36
77
74
12/78
11/72
12/79
12/79
6/72
11/79
11/79
io/69
10/69
10/69
7/68*
5/69
5/69*
5/69
5/69*
U
6/69*
Unemployment
Duration of unemployment, average
Help-wanted advertising to unemployment, ratio
Initial claims, avg. weekly, unemploy. insurance
Initial claims, avg. weekly, unemploy. insurance, Dl . . .
Layoff rate, manufacturing
Number unemployed, civilian labor force
Both sexes, 16-19 years of age
Females 20 years and over
Full-time workers
Males 20 years and over
..
Total unemployed
11/68*
Quit
rate,
manufacturing
11/68*
Unemployment rates
11/68*
1 5 weeks and over
Insured, average weekly
11/73
Total
Unfilled orders, manufacturers'
Durable goods industries
Durable goods industries, change in
United
Kingdom-See international comparisons.
6/68*
10/72*
10/72*
62,89
4/72*
V
1/72
7/68
Corporate, after taxes, with IVA and CCA,
80
Corporate, after taxes, with IVA and CCA, cur. dol. . . . 79
286
Corporate with IVA and CCA
Corporate, with IVA and CCA, pet. of nat'l. income . . . 287
972
Manufacturing and trade Dl
960
Manufacturing Dl
15
Per dollar of sales manufacturing
....
916
Profitability Cl
22
Charts
Historical Series
data
descriptions
(issue date) issue date)
T
Treasury bill rate
Treasury bond yields
9/79
28
28
Current issue
(page numbers)
Series
10/69*
2/79
2/79
Prices, selling
Retail trade Dl
Wholesale trade Dl
Prime contracts military
Reserves free
Residential fixed investment, constant dollars, GPDI
Residential fixed investment, percent of GNP
Residential structures-See Housing.
Retail sales constant dollars
Retail sales, current dollars
3/80
5/80
5/80
5/80
5/80
Series titles
(See complete titles in "Titles and Sources of
Series," following this index)
10/69
10/69*
11/68*
Velocity of money
GNP to money supply Ml, ratio
Personal income to money supply M2, ratio
Vendor performance
W
Wages and salaries-See Compensation.
West Germany-See International comparisons.
3/69
Wholesale prices
AH commodities index
.
7/68
All commodities percent changes
Consumer finished goods, index
Consumer finished goods, percent changes
10/69
Crude materials index
10/69*
Crude materials, percent changes
Intermediate materials index
Intermediate materials percent changes
Producer finished goods, index
Producer finished goods, percent changes
Workweek of production workers, manufacturing
Workweek of production workers, manufacturing,
components
10/69* Workweek of production workers, manufacturing, Dl
331c
332
332c
333
333c
92
1
10/69
961
•
6/69*
8/68'
i/eo'
NOTE: The following abbreviations are used in this index: Cl, composite index; Dl, diffusion index; GPDI, gross private domestic investment; and NIPA, national income and product accounts.
*The identification number for this series has been changed since the publication date shown.
113
TITLES AND SOURCES OF SERIES
Series are listed below according to the sections of this report
in which they appear. Series numbers are for identification
only and do not reflect relationships or order among the
series. "M" following a series title indicates monthly data;
"Q" indicates quarterly data. Data apply to the whole period
except when indicated by "EOM" (end of month) or "EOQ"
(end of quarter).
To save space, the commonly used sources listed below are
referred to by number:
Source 1—U.S. Department of Commerce, Bureau of
Economic Analysis; Source 2—U.S. Department of Commerce,
Bureau of the Census; Source 3—U.S. Department of Labor,
Bureau of Labor Statistics; Source 4—Board of Governors of
the Federal Reserve System.
Bureau of Economic Analysis and National Bureau of
Economic Research, Inc. (Used by permission. This
series may not be reproduced without written
permission from the source.)
(23,66)
10. Contracts and orders for plant and equipment in current
dollars (M).-Source 2 and McGraw-Hill Information
Systems Company; seasonal adjustment by Bureau of
the Census and Bureau of Economic Analysis (23,66)
11. Newly approved capital appropriations, 1,000
manufacturing corporations (Q).-The Conference
Board
(24,66)
12. Index of net business formation (M),-Source 1;
seasonal adjustment by Bureau of Economic Analysis
and National Bureau of Economic Research,
Inc.
(12,23,65)
Following the source for each series is an indication of the
pages on which that series appears. The "Series Finding
Guide" also lists chart and table page numbers for each
series.
13. Number of new business incorporations (M).—Dun &
Bradstreet, Inc.; seasonal adjustment by Bureau of
Economic Analysis and National Bureau of Economic
Research, Inc.
(23,65)
t-A. Composite Indexes
14. Current liabilities of business failures (M).-Dun &
Bradstreet, Inc.
(33,72)
910. Composite index of twelve leading indicators (includes
series 1, 3, 8, 12, 19r 20, 29, 32, 36, 92, 104, 106)
913. Composite index of marginal employment adjustments
(includes series 1, 2, 3, 5) (M).-Source 1 (11,60)
15. Profits (after taxes) per dollar of
manufacturing corporations (Q).—Federal
mission and Securities and Exchange
seasonal adjustment by Bureau of
Analysis
914. Composite index of capital investment commitments
(includes series 12, 20, 29) (M).-Source 1 (11,60)
16. Corporate profits after taxes in current dollars (Q).—
Source 1
(28,69)
915. Composite index of inventory investment and
purchasing (includes series 8, 32, 36, 92) (M).-Source
1
(11,60)
916. Composite index of profitability (includes series 19, 26,
18. Corporate profits after taxes in 1972 dollars (Q).Source 1
(28,69)
(M).-Source 1
(10,39,60)
sales, all
Trade ComCommission;
Economic
(29,70)
33. Net change in mortgage debt held by financial
institutions and life insurance companies
(M).American Council of Life Insurance; Federal National
Mortgage Association; U.S. Department of Housing and
Urban Development, Government National Mortgage
Association; National Association of Mutual Savings
Banks; U.S. Savings and Loan League; and source 4;
seasonal adjustment by Bureau of Economic
Analysis
(32,71)
34. Net cash flow, corporate, in current dollars (Q).—
Source 1
(29,70)
35. Net cash flow, corporate, in 1972 dollars (Q),—Source
1
(29,70)
36. Net change in inventories on hand and on order in 1972
dollars (smoothed) (M).-Sources 1,2, and 3(13,26,68)
37. Number of persons unemployed, labor force survey
(M).-Sources 2 and 3
(18,51,62,89)
38. Change in stocks of materials and supplies on hand and
on order, manufacturing (M).-Source 2
(26,68)
39. Percent of consumer installment loans delinquent 30
days and over ( E O M ) . — A m e r i c a n Bankers
Association
(33,72)
40. Number of employees in nonagricultural goodsproducing industries-mining, manufacturing, and
construction (M).-Source 3
(17,62)
41. Number of employees on nonagricultural payrolls,
establishment survey (M).-Source 3
(14,17,62)
42. Number of persons engaged in nonagricultural activities,
labor force survey (M).-Sources 2 and 3
(17,62)
43. Unemployment rate, total (M).-Sources 2 and 3(18,62)
19. Index of stock prices, 500 common stocks (M).—
Standard & Poor's Corporation
(13,28,59,69,96)
44. Unemployment irate, persons unemployed 15 weeks and
over(M).-Sources2 and 3
(18,62)
917. Composite index of money and financial flows (includes
series 104, 106, 110) (M).-Source 1
(11,60)
20. Contracts and orders for plant and equipment in 1972
dollars (M).-Sources 1, 2, 3, and McGraw-Hill
Information Systems Company
(12,23,66)
45. Average weekly insured unemployment rate, State
programs (M).—U.S. Department of Labor, Employment
and Training Administration
(18,62)
920. Composite index of four roughly coincident indicators
(includes series 41, 47, 51, 57) (M).-Source
1
(10,39,60)
21. Average weekly overtime hours of production workers,
manufacturing (M).—Source 3
(16,61)
46. Index of help-wanted advertising in newspapers (M).—
The Conference Board
(17,61)
930. Composite index of six lagging indicators (includes
series 62, 70, 72, 91, 95, 109) (M).-Source
1
(10,39,60)
22. Ratio of profits (after taxes) to total corporate domestic
income (Q).-Source 1
(29,69)
80) (M).-Source 1
(11,60)
940. Ratio, coincident composite index (series 920) to lagging composite index (series 930) (M).—Source
1
(11,60)
1-B. Cyclical Indicators
1. Average workweek of production workers,
manufacturing (M).-Source 3
(12,16,61,77)
2. Accession rate, manufacturing (M).—Source 3 (16,61)
23. Index of industrial materials prices (M).—Source
3
((28,69,79)
24. Value of manufacturer's new orders, capital goods
industries, nondefense, in current dollars (M). Source
2
(23,66)
25. Change in manufacturers' unfilled orders, durable goods
industries (M).-Source 2
(21,64)
47. Index of industrial production, total (M). -Source
4
(14,20,39,58,63,78,94)
48. Employee-hours in nonagricultural
(M).-Source 3
establishments
(17,39,61)
49. Value of goods output in 1972 dollars (Q).-Source
1
(20,63)
50. Gross national product in 1972 dollars (Q).—Source
1
(19,39,40,63,80)
51. Personal income, less transfer payments, in 1972 dollars (M).-Source 1
(14,19,39,63)
26. Ratio, implicit price deflator to unit labor cost, nonfarm
business sector (Q).—Sources 1 and 3
(29,70)
52. Personal income, total, in 1972 dollars (M). -Source
27. Value of manufacturers' new orders, capital goods
industries, nondefense, in 1972 dollars (M).—Sources
1, 2, and 3
(23,66)
53. Wage and salary income in mining, manufacturing, and
construction in 1972 dollars (M).-Sources 1 and
3
(19,63)
28. New private housing units started, total (M).—Source
2
(25,67)
54. Sales of retail stores in current dollars (M).—Source
29. Index of new private housing units authorized by local
building permits (M).-Source 2
(13,25,67)
55. Personal consumption expenditures, automobiles (Q). Source 1
(22,65)
7. Value of manufacturers' new orders, durable goods
industries, in 1972 dollars (M).-Sources 1, 2, and
3
(21,64)
30. Gross private domestic investment, change in business
inventories, all industries, in 1972 dollars (Q).—Source
1
(26,42,68,81)
56. Manufacturing and trade sales in current dollars (M).
Sources 1 and 2
(22,65)
8. Value of manufacturers' new orders for consumer goods
and materials in 1972 dollars (M).—Sources 1, 2, and
3
(12,21,64)
31. Change in book value of manufacturing and trade
inventories, total (M).-Sources 1 and 2
(26,68)
9. Construction contracts awarded for commercial and
industrial buildings, floor space (M).^ McGraw-Hill
Information Systems Company; seasonal adjustment by
32. Vendor performance, percent of companies reporting
slower deliveries (M).—Purchasing Management
Association of Chicago
(12,21,64)
3. Layoff rate, manufacturing (M).—Source 3 (12,16,61)
4. Quit rate, manufacturing (M).—Source 3
5. Average weekly initial claims for
insurance, State programs (M).-U.S.
Labor, Employment and Training
seasonal adjustment by Bureau
Analysis
(16,61)
unemployment
Department of
Administration;
of Economic
(16,61)
6. Value of manufacturers' new orders, durable goods
industries, in current dollars (M).—Source 2(21,64,77)
114
1
2
(19,63)
(22,65)
57. Manufacturing and trade sales in 1972 dollars (M), Sources 1, 2, and 3
(14,22,65)
58. Index of consumer sentiment (Q,M).—University of
Michigan, Survey Research Center
(22,65)
59. Sales of retail stores in 1972 dollars (M).-Sources 1
2, and 3
(22,65)
TITLES AND SOURCES OF SERIES- Continued
(34,72)
60. Ratio, help-wanted advertising in newspapers (series
46) to number of persons unemployed (series 37}
(M).—Sources 1, 2, 3, and The Conference
Board
(17,61)
84. Rate of capacity utilization, materials (Q).—Source
4
(20,64)
119. Federal funds rate (M).—Source 4
85. Change in money supply Ml-B (M).-Source 4(31,71)
1-C. Diffusion Indexes
61. Business expenditures for new plant and equipment,
total (Q).-Source 1
(24,67)
86. Gross private domestic fixed investment, total
nonresidential, in 1972 dollars (Q).-Source 1(25,67)
950. Diffusion index of twelve leading indicator components
(M).-Source 1
(36,74)
62. Index of labor cost per unit of output, total
manufacturing-ratio, index of compensation of
employees in manufacturing (sum of wages, salaries,
and supplements to wages and salaries) to index of
industrial production, manufacturing (M).-Sources 1
and 4
(15,30,70)
87. Gross private domestic fixed investment, nonresidential
structures, in 1972 dollars (Q)-Source 1 (25,67)
951. Diffusion index of four roughly coincident indicator
components (M).-Source 1
(36,74)
88. Gross private domestic fixed investment, nonresidential
producers' durable equipment, in 1972 dollars (Q).—
Source 1
(25,67)
952. Diffusion index of six lagging indicator components
(M).-Source 1
(36,74)
63. Index of unit labor cost, private business sector (Q).—
Source 3
(30,70)
89. Gross private domestic fixed investment, total
residential, in 1972 dollars (Q).-Source 1 (25,67)
64. Compensation of employees as a percent of national
income (Q).-Source 1
(30,47,70,83)
90. Ratio, civilian employment to total population of
working age (M)-Sources 1, 2, and 3
(18,62)
65. Manufacturers' inventories of finished goods, book
value, all manufacturing industries (EOM).—Source
2
(27,68)
91. Average (mean) duration of unemployment in weeks
(M).-Sources 2 and 3
(15,18,62)
66. Consumer installment debt (EOM).-Source 4; FR6
seasonally adjusted net change added to seasonally
adjusted figure for previous month to obtain current
figure
(35,73)
92. Change in sensitive prices (PPI of crude materials Jess
agricultural products) (smoothed) (M).-Sources 1 and
3
(13,28,69)
93. Free reserves (member banks excess reserves minus
borrowings) (M).-Source 4
(33,72)
67. Bank rates on short-term business loans (Q).—Source
4
(35,73)
94. Member bank borrowings from the Federal Reserve
(M).-Source 4
(33,72)
68. Labor cost (current dollars) per unit of gross domestic
product (1972 dollars), nonfinancial corporations—ratio
of current-dollar compensation of employees to real
gross corporate product (Q).-Source 1
(30,70)
95. Ratio, consumer installment debt to personal income
(EOM).-Sources 1 and 4
(15,35,73)
69. Manufacturers' machinery and equipment sales and
business construction expenditures (industrial and commercial construction put in place) (M).—Source
2
(24,67)
70. Manufacturing and trade inventories in 1972 dollars
(EOM).-Sources 1, 2, and 3
(15,27,68)
71. Manufacturing and trade inventories, total book value,
in current dollars (EOM).-Sources 1 and 2 (27,68)
72. Commercial and industrial loans outstanding, weekly
reporting large commercial banks (M).—Source 4;
seasonal adjustment by Bureau of Economic
Analysts
(15,35,73)
73. Index of industrial production, durable manufactures
(M).-Source 4
(20,63)
74. Index of industrial production,
manufactures (M).-Source 4
nondurable
(20,63)
75. Index of industrial production, consumer goods (M).—
Source 4
(22,65)
76. Index of industrial production, business equipment
(M).-Source 4
(24,67)
77. Ratio, constant-dollar inventories (series 70) to sales
(series 57), manufacturing and trade, total (EOM).—
Sources 1, 2, and 3
(27,68)
78. Stocks of materials and supplies on hand and on order,
manufacturing (EOM).-Source 2
(27,68)
79. Corporate profits after taxes with inventory valuation
and capital consumption adjustments in current dollars
(Q).-Source 1
(28,69)
80. Corporate profits after taxes with inventory valuation
and capita) consumption adjustments in 1972 dollars
(Q).-Source 1
(28,69)
81. Ratio of profits (after taxes) with inventory valuation
and capital consumption adjustments to total corporate
domestic income (Q)-Source 1
(29,70)
82. Rate of capacity utilization, manufacturing (Q).—Source
4
(20,64)
83. Rate of capacity utilization, manufacturing (EOQ).—
Source 1
(20,64)
96. Manufacturers' unfilled orders, durable goods industries
(EOM).-Source 2
(21,64)
97. Backlog of capital appropriations, 1,000 manufacturing
corporations (EOQ).-The Conference Board (24,66)
102. Change in money supply M2 (M).-Source 4 (31,71)
104. Change in total liquid assets (smoothed) (M).—Sources
land 4
(13,31,71)
960. Diffusion index of net profits, manufacturing-about
700 companies (Q).-Dun & Bradstreet, Inc. (Used by
permission. This series may not be reproduced without
written permission from the source.)
(35,75)
961. Diffusion index of average workweek of production
workers, manufacturing—20 industries (M).—Sources 1
and 3
(36,74,77)
962. Diffusion index of initial claims for unemployment
insurance, State programs—51 areas (M).—Source 1
and U.S. Department of Labor, Employment and Training
Administration; seasonal adjustment by Bureau of
Economic Analysis
(36,74)
963. Diffusion index of number of employees on private
nonagricultural payrolls—172 industries (M).-Source
3
(36,74)
964. Diffusion index of value of manufacturers' new orders,
durable goods industries—35 industries (M).—Sources
1 and 2
(37,75,77)
965. Diffusion index of newly approved capital
appropriations, deflated—17 manufacturing industries
(Q).-The Conference Board
(37,75)
966. Diffusion index of industrial production—24 industries
(M).-Sources 1 and 4
(37,75,78)
967. Diffusion index of industrial materials prices—13
industrial materials (M).—Sources 1 and 3 (37,75,79)
105. Money supply Ml-B in 1972 dollars (M)-Sources 1, 3,
and 4
(31,71)
968. Diffusion index of stock prices, 500 common stocks—
53-82 industries (M).-Standard & Poor's
Corporation
(37,75)
106. Money supply M2 in 1972 dollars (M).-Sources 1, 3,
and 4
(13,31,71)
970. Diffusion index of business expenditures for new plant
and equipment, total—18 industries (Q).—Source
1
(38,76)
107. Ratio, gross national product to money supply Ml-B
(Q).-Sources 1 and 4
(31,71)
108. Ratio, personal income to money supply M2 (M).—
Sources 1 and 4
(31,71)
109. Average prime rate charged by banks (M).—Source
4
(35,73)
110. Total funds raised by private nonfinancial borrowers in
credit markets (Q).-Source 4
(32,72)
112. Net change in bank loans to businesses (M).—Source 4;
seasonal adjustment by Bureau of Economic
Analysis
(32,72)
113. Net change in consumer installment debt (M).—Source
4
(32,72)
114. Discount rate on new issues of 91-day Treasury bills
(M).-Source 4
(34,72)
115. Yield on long-term Treasury bonds (M).—U.S.
Department of the Treasury
(34,73)
116. Yield on new issues of high-grade corporate bonds
(M).—Citibank and U.S. Department of the
Treasury
(34,73)
117. Yield on municipal bonds, 20-bond average (M).—The
Bond Buyer
(34,73)
118. Secondary market yields on FHA mortgages (M).-U.S.
Department of Housing and Urban Development, Federal
Housing Administration
(34,73)
971. Diffusion index of new orders, manufacturing—about
700 businessmen reporting (Q).—Dun & Bradstreet, Inc.
(Used by permission. This series may not be reproduced
without written permission from the source.) (38,76)
972. Diffusion index of net profits, manufacturing and
trade—about 1400 businessmen reporting (Q).—Dun &
Bradstreet, Inc. (Used by permission. This series may
not be reproduced without written permission from the
source.)
(38,76)
973. Diffusion index of net sales, manufacturing and tradeabout 1400 businessmen reporting (Q).—Dun &
Bradstreet, Inc. (Used by permission. This series may
not be reproduced without written permission from the
source.)
(38,76)
974. Diffusion index of number of employees, manufacturing
and trade—about 1400 businessmen reporting (Q).—
Dun & Bradstreet, Inc. (Used by permission. This series
may not be reproduced without written permission from
the source.)
(38,76)
975. Diffusion index of level of inventories, manufacturing
and trade—about 1400 businessmen reporting (Q).—
Dun & Bradstreet, Inc. (Used by permission. This series
may not be reproduced without written permission from
the source.)
(38,76)
976. Diffusion index of selling prices, manufacturing—about
700 businessmen reporting (Q).—Dun & Bradstreet, Inc.
(Used by permission. This series may not be reproduced
without written permission from the source.) (38,76)
115
TITLES AND SOURCES OF SERIES- Continued
977. Diffusion index of selling prices, wholesale trade—about
450 businessmen reporting (Q).-Dun & Bradstreet, Inc.
(Used by permission. This series may not be reproduced
without written permission from the source.) (38,76)
978. Diffusion index of selling prices, retail trade—about 250
businessmen reporting (Q).—Dun & Bradstreet, Inc.
(Used by permission. This series may not be reproduced
without written permission from the source.) (38,76)
292. Personal saving (Q).-Source 1
248. Gross private domestic fixed investment, nonresidential,
as a percent of gross national product (Q).—Source
1
(47,83)
295. Business saving—undistributed corporate profits plus
capital consumption allowances with inventory valuation
and capital consumption adjustments (Q).—Source
1
(46,82)
249. Gross private domestic fixed investment, residential, as
a percent of gross national product (Q).—Source
1
(47,83)
250. Net exports of goods and services in current dollars;
national income and product accounts (Q).—Source
1
(44,82)
II-A. National Income and Product
30. Gross private domestic investment, change in business
inventories, all industries, in 1972 dollars (Q).—Source
1
(26, 42, 68, 81)
50. Gross national product in 1972 dollars (Q).—Source
1
(19,39,40,63,80)
64. Compensation of employees as a percent of national
income (Q).-Source 1
(30,47,70,83)
200. Gross national product in current dollars (Q).—Source
1
(40,80)
213. Final sales (series 50 minus series 30) in 1972 dollars
(Q).-Source 1
247. Gross private domestic investment, change in business
inventories, all industries, as a percent of gross national
product (Q).-Source 1
(47,83)
(40,80)
217. Per capita gross national product in 1972 dollars (Q).—
Sources 1 and 2
(40,80)
220. National income in current dollars (Q).-Source
1
(45,82)
223. Personal income in current dollars (M).—Source
1
(40,63)
224. Disposable personal income in current dollars (Q).Source 1
(40,80)
225. Disposable personal income in 1972 dollars (Q).—
Source 1
(40,80)
227. Per capita disposable personal income in 1972 dollars
(Q).-Sources 1 and 2
(40,80)
230. Personal consumption expenditures, total, in current
dollars (Q).-Source 1
(41,80)
231. Personal consumption expenditures, total, in 1972 dollars (Q).-Source 1
(41,80)
232. Personal consumption expenditures, durable goods, in
current dollars (Q).-Source 1
(41,80)
233. Personal consumption expenditures, durable goods, in
1972 dollars (Q).-Source 1
(41,80)
235. Personal consumption expenditures, total, as a percent
of gross national product (Q).—Source 1
(47,83)
236. Personal consumption expenditures, nondurable goods,
in current dollars (Q).—Source 1
(41,81)
251. Net exports of goods and services as a percent of gross
national product (Q).-Source 1
(47,83)
252. Exports of goods and services in current dollars;
national income and product accounts (Q).—Source
1
(44,82)
253. Imports of goods and services in current dollars;
national income and product accounts (Q).—Source
1
(44,82)
255. Net exports of goods and services in 1972 dollars;
national income and product accounts (Q).—Source
1
(44,82)
256. Exports of goods and services in 1972 dollars; national
income and product accounts (Q).—Source 1 (44,82)
257. Imports of goods and services in 1972 dollars; national
income and product accounts (Q).—Source 1 (44,82)
260. Government purchases of goods and services, total, in
current dollars (Q).-Source 1
(43,81)
261. Government purchases of goods and services, total, in
1972 dollars (Q).-Source 1
(43,81)
262. Federal Government purchases of goods and services in
current dollars (Q).-Source 1
(43,81)
263. Federal Government purchases of goods and services in
1972 dollars (Q).-Source 1
(43,81)
265. Federal Government purchases of goods and services as
a percent of gross national product (Q).—Source
1
(47,83)
266. State and local government purchases of goods and
services in current dollars (Q).—Source 1
(43,81)
267. State and local government purchases of goods and
services in 1972 dollars (Q).-Source 1
(43,81)
282. Proprietors' income with inventory valuation and capital
consumption adjustments (Q).—Source 1
(45,82)
239. Personal consumption expenditures, services, in 1972
dollars (Q).-Source 1
(41,81)
285. Rental income of persons with capital consumption
adjustment as a percent of national income (Q).—
Source 1
(47,83)
245. Gross private domestic investment, change in business
inventories, all industries, in current dollars (Q).—
Source 1
(42,81)
116
311. Fixed-weighted price index, gross business product
(Q).-Source 1
(48,84)
320. Index of consumer prices, all items (M).—Source
3
(49,59,84,95)
322. Index of consumer prices, food (M).-Source 3(49,84)
330. Index of producer prices, all commodities (M).—Source
3
(48,85)
331. Index of producer prices, crude materials for further
processing (M).-Source 3
(48,85)
332. Index of producer prices, intermediate materials, supplies, and components (M).- Source 3
(48,86)
333. Index of producer prices, capital equipment (M).—
Source 3
(48,86)
334. Index of producer prices, finished consumer goods
(M).-Source 3
(48,86)
335. Index of producer prices, industrial commodities (M). Source 3
(48,85)
340. Index of average hourly earnings of production workers,
private nonfarm economy—adjusted for overtime (in
(manufacturing cnly), interindustry employment shifts,
and seasonality (M).-Source 3
(49,87)
341. Index of real average hourly earnings of production
workers, private nonfarm economy—adjusted for
overtime (in manufacturing only), interindustry
employment shifts, and seasonally (M), -Source
3
(49,87)
345. Index of average hourly compensation, all employees,
rionfarm business sector (Q).-Source 3
(49,87)
348. Negotiated wage and benefit decisions, all industriesfirst year average (mean) changes (Q).—Source
3
(50,88)
(45,82)
284. Rental income of persons with capital consumption
adjustment (Q).-Source 1
(45,82)
243. Gross private domestic fixed investment, total, in 1972 :
dollars (Q).-Source 1
(42,81)
310. Implicit price deflator, gross national product (Q),Source 1
(48,84)
280. Compensation of employees (Q).-Source 1
238. Personal consumption expenditures, nondurable goods,
in 1972 dollars (Q).-Source 1
(41,81)
242. Gross private domestic fixed investment, total, in
current dollars (Q).-Source 1
(42,81)
II-B. Prices, Wages, and Productivity
346. Index of real average hourly compensation, all
employees, nonfarm business sector (Q). -Source
283. Proprietors' income with inventory valuation and capital
consumption adjustments as a percent of national
income (Q).-Source 1
(47,83)
241. Gross private domestic investment, total, in 1972 dollars (Q).-Source 1
*<
(42,81)
298. Government surplus or deficit, total (Q).-Source
1
(46,83)
268. State and local government purchases of goods and
services as a percent of gross national product (Q),—
Source 1
(47,83)
237. Personal consumption expenditures, services, in current
dollars (Q).-Source 1
(41,81)
240. Gross private domestic investment, total, in current dollars (Q).-Source 1
(42,81)
(46,82)
293. Personal saving rate—personal saving as a percent of
disposable personal income (Q),-Source 1 (46,83)
286. Corporate profits with inventory valuation and capital
consumption adjustments (Q).-Source 1
(47,82)
287. Corporate profits with inventory valuation and capital
consumption adjustments as a percent of national
income (Q).-Source 1
(47,83)
3
(49,88)
349. Negotiated wage and benefit decisions, all industriesaverage (mean) changes over life of contract (Q). Source 3
(50,88)
358. Index of output per hour, all persons, nonfarm business
sector (Q).-Source 3
(49,88)
370. Index of output per hour, all persons, private business
sector (Q).-Source 3
(49,88)
II-C. Labor Force, Employment, and
Unemployment
37. Number of persons unemployed, labor force survey
(M).-Sources 2 and 3
(18,51,62,89)
(45,82)
441. Total civilian labor force, labor force survey (M).—
Sources 2 and 3
(51,89)
289. Net interest as a percent of national income (Q).—
Source 1
(47,83)
442. Total civilian employment, labor force survey (M).
Sources 2 and 3
(51,89)
290. Gross saving—private saving plus government surplus or
deficit (Q).-Source 1
(46,82)
444. Number unemployed, males 20 years and over, labor
foirce survey (M).J-Sources 2 and 3
(51,89)
288. Net interest (Q).-Source 1
TITLES AND SOURCES OF SERIES- Continued
445. Number unemployed, females 20 years and over, labor
force survey (M).-Sources 2 and 3
(51,89)
565. National defense purchases as a percent of gross
national product (Q).-Source 1
(55,91)
47. United States, index of industrial production, total
446. Number unemployed, both sexes 16-19 years of age,
labor force survey (M) -Sources 2 and 3
(51,89)
570. Employment in defense products industries (M).—
Source 3; seasonal adjustment by Bureau of Economic
Analysis
(55,91)
320. United States, index of consumer prices, all items
(M).-Source 3
(48,59,84,95)
447. Number unemployed, full-time workers, labor force
survey (M).-Sources 2 and 3
(51,89)
448. Number employed, part-time workers for economic
reasons, labor force survey (M).—Sources 2 and
3
(51,89)
451. Civilian labor force participation rate, males 20 years
and over (M).-Sources 2 and 3
(51,89)
577. Defense Department personnel, military, active duty
(EOM).-U.S. Department of Defense, OSD, Comptroller,
Washington Headquarters Services
(55,91)
578. Defense Department personnel, civilian, direct hire
employment (EOM).-U.S. Department of Defense, OSD,
Comptroller, Washington Headquarters Services(55,91)
453. Civilian labor force participation rate, both sexes 16-19
years of age (M).-Sources 2 and 3
(51,89)
580. Defense Department net outlays, military functions and
military assistance (M).—U.S. Department of Defense,
OSD, Comptroller, Directorate for Program and
Financial Control; seasonal adjustment by Bureau of
Economic Analysis
(54,91)
II-D. Government Activities
588. Value of manufacturers' shipments, defense products
(M).-Source 2
(54,91)
500. Federal Government surplus or deficit; national income
and product accounts (Q).—Source 1
(52,90)
il-E. U.S. International Transactions
501. Federal Government receipts; national income and product accounts (Q).-Source 1
(52,90)
602. Exports, excluding military aid shipments, total (M).Source 2
(56,92)
502. Federal Government expenditures; national income and
product accounts (Q).-Source 1
(52,90)
604. Exports of agricultural products (M).—Source 2;
seasonal adjustment by Bureau of Economic
Analysis
(56,92)
452. Civilian labor force participation rate, females 20 years
and over (M).—Sources 2 and 3
(51,89)
510. State and local government surplus or deficit; national
income and product accounts (Q).—Source 1 (52,90)
511. State and local government receipts; national income
and product accounts (Q).-Source 1
(52,90)
512. State and local government expenditures; national
income and product accounts (Q).—Source 1 (52,90)
517. Defense Department gross obligations incurred (M).U.S. Department of Defense, OSD, Comptroller,
Directorate for Program and Financial Control; seasonal
adjustment by Bureau of Economic Analysis (53,90)
525. Defense Department military prime contract awards for
work performed in the United States (M).-U.S,
Department of Defense, OSD, Comptroller, Washington
Headquarters Services; seasonal adjustment by Bureau
of Economic Analysis
(53,90)
543. Defense Department gross unpaid obligations
outstanding (EOM).-U.S. Department of Defense, OSD,
Comptroller, Directorate for Program and Financial
Control; seasonal adjustment by Bureau of Economic
Analysis
(53,90)
548. Value of manufacturers' new orders, defense products
(M).- Source 2
(53,90)
557. Output of defense and space equipment (M).— Source
(56,92)
614. Imports of petroleum and petroleum products (M).—
Source 2; seasonal adjustment by Bureau of Economic
Analysis
(56,92)
616. Imports of automobiles and parts (M).—Source 2;
seasonal adjustment by Bureau of Economic
Analysis
(56,92)
618. Merchandise exports, adjusted, excluding military grants
(Q).-Source 1
(57,93)
620. Merchandise imports, adjusted, excluding military
725. West Germany, index of industrial production (M).—
Deutsche Bundesbank (Frankfurt)
(58,94)
726. France, index of industrial production (M).—Institut
National de la Statistique et des Etudes Economiques
(Paris)
(58,94)
728. Japan, index of industrial production (M).—Ministry of
International Trade and Industry (Tokyo)
(58,94)
732. United Kingdom, index of consumer prices (M).—
Ministry of Labour (London); percent changes seasonally adjusted by Bureau of Economic Analysis (59,95)
733. Canada, index of consumer prices (M).-Statistics
Canada (Ottawa); percent changes seasonally adjusted
by Bureau of Economic Analysis
(59,96)
735. West Germany, index of consumer prices (M),—
Statistisches Bundesamt (Wiesbaden); percent changes
seasonally adjusted by Bureau of Economic Analysis
(59,95)
736. France, index of consumer prices (M).—Institut
National de la Statistique et des Etudes Economiques
(Paris); percent changes seasonally adjusted by Bureau
of Economic Analysis
(59,95)
737. Italy, index of consumer prices (M).—Institute Centrale
di Statistica (Rome); percent changes seasonally
adjusted by Bureau of Economic Analysis
(59,96)
742. United Kingdom, index of stock prices (M).—The
Financial Times (London)
(59,96)
652. Income on foreign investments in the United States
(Q).-Source 1
(57,93)
743. Canada, index of stock prices (M).-Statistics Canada
(Ottawa)
(59,96)
667. Balance on goods and services (Q)-Source 1(57,93)
745. West Germany, index of stock prices (M).—Statistisches
Bundesamt (Wiesbaden)
(59,96)
669. Imports of goods and services, total (Q).—Source
1
(57,93)
723. Canada, index of industrial production (M).—Statistics
Canada (Ottawa)
(58,94)
651. Income on U.S. investments abroad (Q).—Source
1
(57,93)
(54,91)
564. Federal Government purchases of goods and services for
national defense (Q).-Source 1
(55,91)
722. United Kingdom, index of industrial production (M).—
Central Statistical Office (London)
(58,94)
622. Balance on merchandise trade (Q).-Source 1 (57,93)
(57,93)
559. Value of manufacturers' inventories, defense products
(EOM).-Source 2
(54,91)
561. Value of manufacturers' unfilled orders, defense products (EOM).-Source 2
(54,91)
721. Organization for Economic Cooperation and
Development, European countries, index of industrial
production (M).—Organization for Economic Cooperation and Development (Paris)
(58,94)
738. Japan, index of consumer prices (M),—Office of the
Prime Minister (Tokyo); percent changes seasonally
adjusted by Bureau of Economic Analysis
(59,95)
(Q).-Source 1
668. Exports of goods and services, excluding transfers under
U.S. military grants (Q).-Source 1
(57,93)
4
(14,20,39,58,63,78,94)
727. Italy, index of industrial production (M).-lnstituto
Centrale di Statistica (Rome)
(58,94)
606. Exports of nonelectrical machinery (M).—Source 2;
seasonal adjustment by Bureau of Economic
Analysis
(56,92)
612. General imports, total (M).-Source 2
(M).-Source 4
II-F. International Comparisons
19. United States, index of stock prices, 500 common stocks
(M).-Standard & Poor's Corporation (13,28,59,69,96)
746. France, index of stock prices (M).—Institut National de
la Statistique et des Etudes Economiques (Paris)
(59,96)
747. Italy, index of stock prices (M).—Institute Centrale di
Statistica (Rome)
(59,96)
748. Japan, index of stock prices (M).—Tokyo Stock
Exchange (Tokyo)
(59,96)
Superintendent of Documents
U.S. Government Printing Office
Washington, D.C. 20402
OFFICIAL BUSINESS
Penalty for Private Use $300
FIRST-CLASS MAIL
POSTAGE & FEES PAID
USDC
WASHINGTON, D.C.
PERMIT No. G-56
@FedFRASER