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PR E P A R E D B Y F E D E R A L R E S E R V E B A N K O F ST. LO U IS

M O N T H E N D IN G : O otO ber 3 1 , 1982

RELEASED :

N o v e m b e r 30 , 1982

O c to b e r a p p a re n tly m a rk e d th e 1 5 th m o n th o f c o n tin u o u s r e c e s s io n fo r th e
A f.S . e co n o m y . O f f ic ia l d e s ig n a tio n o f th e re c e s s io n tro u g h a w a it s f u r t h e r e c o n o m ic
d e v e lo p m e n ts a s w e ll a s th e ju d g m e n t o f the a r b it e r o f b u sin e ss c y c le s — the N a tio n a l
B u re a u o f E c o n o m ic R e s e a r c h .
N e v e r t h e le s s , in te rm s o f d u ra tio n , d ep th and
d is p e rs io n , th e c u r r e n t r e c e s s io n is r iv a le d o n ly b y th e 1 9 7 3 — 5 re c e s s io n in the
7
p o s t-W o rld W a r n p e rio d . T h e s e v e r it y o f th e d o w n tu rn c a n be illu s t r a t e d by
c o m p a rin g r e c e n t d e c lin e s in p a y r o ll e m p lo y m e n t w ith tre n d s o f the p re v io u s e ig h t
y e a rs .
T h e a c c o m p a n y in g ta b le s u m m a riz e s the m o v e m e n ts o f p a y r o ll e m p lo y m e n t
o v e r s e le c te d p e rio d s s in c e th e b u sin e ss c y c le p e a k o f N o v e m b e r 1 9 7 3 . T h e f ir s t
c o lu m n sh o w s the tre n d o f e m p lo y m e n t d u rin g th e p e rio d , w ith the tw o rig h t-h a n d
c o lu m n s s u m m a riz in g the e c o n o m y 's s h if t fro m g o o d s-p ro d u c in g a c t iv it ie s to those
c la s s if ie d as s e r v ic e -p ro d u c in g .
A c o m p a ris o n o f th e se c o n d and th ird c o lu m n s in d ic a t e s th a t, in m ost
r e s p e c t s , th e d is t rib u t io n o f e m p lo y m e n t ch a n g e s a c ro s s m a jo r in d u s t r ia l g ro u p s in
the c u r r e n t d o w n tu rn is s im ila r to th a t in the 1 9 7 3 -7 5 re c e s s io n . W ith a fe w
e x c e p t io n s , e m p lo y m e n t d e c lin e s in g o o d s-p ro d u c in g in d u s t rie s h ave b een ab o u t the
sa m e in th e c u rr e n t re c e s s io n a s in 1 9 7 3 - 7 5 . T h e re c e n t d e c lin e in toteil e m p lo y m e n t
has b ee n g re a t e r, h o w e v e r, m a in ly b e c a u s e o f d e c lin e s in g o v e rn m e n t e m p lo y m e n t
an d a s lo w e r ra te o f in c re a s e in th e s e r v ic e s s e c t o r .
— K e it h M . C a r ls o n
T R E N D S IN P A Y R O L L E M P L O Y M E N T
T re n d *
R e c e s s io n p e rio d *
1 1 /1 9 7 3
7 /1 9 8 1
1 1 /1 9 7 3
to
to
to
7 /1 9 8 1
1 0 /1 9 8 2
3 /1 9 7 5
T o ta l
G o o d s-p ro d u c in g
M in in g
C o n s t r u c tio n
M a n u fa c tu rin g
D u ra b le s
N o n d u ra b le s
S e r v ic e -p ro d u c in g
T r a n s p o r t a t io n and
p u b lic u t ilit ie s
W h o le s a le and
r e t a il tra d e
F in a n c e , in s u ra n c e
and r e a l e s ta te
S e r v ic e s
G o v e rn m e n t

2.1%

-2 .2 %

-1 .4 %

P e r c e n t o f t o ta l
7 /1 9 8 1

1 1 /1 9 7 3

100.0%

100.0%

0.3
7 .7
0.1
0.0
0.2
- 0 .3

-7 .7
-6 .9
-5 .9
-8 .1
- 1 0 .3
-4 .7

- 8 .3
9.4
- 1 1 .6
-8 .2
-8 .6
-7 .5

28.1
1.3
4.6
2 2 .3
13.4
8.9

32.4
0.8
5.3
26.2
15.5
10.7

2.9
1.2

0.0
- 2 .3

1.8
- 2 .3

7 1 .9
5 .7

6 7.6
6.0

2 .7

- 0 .7

0.2

22.6

21.6

3 .5

0.8

1.0

5.8

5.3

4 .7
1.8

2.1
- 1 .2

3 .5
3.9

20.4
1 7 .5

16.8
17.8

♦ C o m p o u n d e d a n n u a l r a t e s o f c h a n g e . N o v e m b e r 1 9 7 3 an d J u ly 1981 a re b u sin e ss
c y c le p eak s; M a rc h 1 9 75 is a b u sin e ss c y c le tro u g h and O c to b e r 1982 is the m ost
 r e c e n t d a te f o r w h ic h d a ta a re a v a ila b le .


T O T A L C I V I L I A N EMPLOYMENT
COMPOUNDED ANNUAL R AT ES OF CHANGE
TERMINAL ______________________ _________________________________________________ I N I T I A L

MONTH____________________ _______________________________ ________________

3-81
4-81

THOUSANDS
OF

MONT H
4-81

5-81

6-81

7-81

8-81

9-81

10-81

11-81

1- 82

12-81

2-82

3-82

4-82

5-82

6-82

7-82

8-8 2

PERSONS

9-82

5.8

100, ,878
1 01 ,»045

5-81

3.9

2.0

6-81

0.1

-2.6

-7.1

7-81

1.4

-0.1

-1.1

5.3

8-81

1.0

-0.1

-0.8

2.5

-0.3

9-81

-0.3

-1.5

-2.3

-0.7

-3.6

-6.7

100, ,430
10 0 , , 064
10 0, , 840
100,258
10 0, , 343

10-81

-0.1

-1.1

-1.7

-0.3

-2.1

-2.9

1.0

11-81

-0.3

-1.2

-1.7

-0.6

-2.0

-2.6

-0.5

-2.0

12-81

-1.1

-1.9

-2.4

-1.6

-3.0

-3.6

-2.5

-4.3

-6.5

1-82

-1.0

-1.7

-2.2

-1.4

-2.5

-3.0

-2.0

-3.0

-3.5

-0.4

2-82

-0.9

-1.5

-1.9

-1.3

-2.2

-2.5

-1.6

-2.2

-2.3

-0. 1

-1.8

-1.2

-2.0

-2.3

-1.5

-2.0

-2.0

-0.5

-0. 5

-1.2

1 0 0 , 17 Z
99, 613
9 9 , 581
99 , 590

0. 1

9 9 , 492

3-82

-0.9

-1.5

4-82

-1.0

-1.5

-1.8

-1.3

-2.0

-2.2

-1.6

-2.0

-2.0

-0.8

-1.0

-1.5

-1.8

5-82

-0.2

-0.7

-0.9

-0.3

-0.9

-1.0

-0.2

-0.4

-0.1

1.2

1.6

2.1

3.8

9.8

6-82

-0.5

-0.9

-1.2

-0.7

-1.2

-1.3

-0.7

-0.9

-0.7

0.3

0.4

0.5

1.1

2.6

-4. 1

9 9 , 34 0
10 0 , 11 7
9 9 , 764

7-82

-0.5

-0.9

-1. 1

-0.6

-1. 1

-1.2

—0 . 6

-0.8

-0. 7

0.2

0.3

0.3

0.7

1.6

-2.3

-0.4

8-82

-0.4

-0.8

-1.0

-0. 5

-0.9

-1.0

-0.5

—0 . 6

-0.4

0.3

0.4

0.5

0.8

1.5

-1.1

0.5

9-82

-0.5

-0.8

-1.0

-0.6

-1.0

-1.0

-0.5

-0.7

-0.5

0. 1

0. 2

0.2

0.5

0.9

-1.2

-0.2

-0. 1

-1.4

10-82

—0 . 8

-1.2

-1.4

-1.0

-1.4

-1.5

-1.1

-4.2

-1.2

-0.6

-0. 7

-0.7

-0.7

-0.5

-2.4

-2.0

-2.5

-4.4

-7.3

3-81

W T l

5^TÏ

6-81

7-81

8-8 1

9-81

10-81

11-81

12-81

1-82

2-82

3-82

4-82

5-82

6-82

7-82

8-8 2

9-82

INITIAL

9 9 , 732
9 9 , 8 39

1.3

99 ? 720
9 9 , 093

MONTH

P A Y R O L L EMPLOYMENT
C O M P O U N D E D A N N U A L R A T E S OF

CHANGE

T E R M I N A L _____________________________________________________________ I N I T I A L MONT H________________________________________________________________________________ T h U U S a NOS
MONTH
ÜF P E RS ONS
1-82
2-82
3-82
4-82
5-82
6-82
7-8 2
8-82
9-82
9-81
10-81 11-81 12 -8 1
3-81
4-81
5-81
6-81
7-81
8-81
91 , 0 9 9

4-81

1.1

5-81

0.8

0.4

6-81

1.2

1.2

91

►
131
91 , 2 8 6

2.1

91 , 3 9 6

7-81

1.3

1.3

1.8

1.5

8-81

0.8

0.7

0.8

0.2

-1.0

9-81

0.8

0.7

0.8

0.3

-0.2

0.5

10-81

0.4

0.3

0.2

-0.2

-0.8

-0.6

11-81

-0.0

-0.2

-0.3

-0.8

-1.3

-1.4

-2.4

-3.0

12-81

-0.5

-0.8

-0.9

-1.4

-2.0

-2.2

-3.1

-3.8

-4.6

1-82

-0.7

-0.9

-1.1

-1.5

-2.0

-2.3

-2.9

-3.3

-3.5

-2.4
-0.0

91 f 3 2 2
91 , 3 6 3
,
2
91 ► 24

-1.8
90, r99 6

90, , 6 4 2
90, , 4 6 0

-0.7

-0.8

-1.0

-1 .4

-1.8

-1.9

-2.5

-2.3

-1.2

3-82

-0.8

-1.0

-1.1

-1.4

-1.8

-1.9

-2.3

-2.4

-2.3

-1.5

-1.0

-2.0

4-82

-0.9

-1.1

-1.3

-1.6

-1.9

-2.0

-2.4

-2.5

-2.4

-1.8

-1.7

-2.5

-2.9

5-82

-0.8

-0.9

-1.1

-1.3

-1.6

-1.7

-2.0

-2.0

-1.8

-1.3

-1.0

-1.3

-0.9

1.1

6-82

-1.0

-1.2

-1.3

-1 .6

-1.9

-1.9

-2.2

-2.3

-2.2

-1.8

-1.6

-2.0

-2.0

-1.6

-4.3

7-82

-1.2

-1 .4

-1.5

-1.8

-2.0

-2.1

-2.4

-2.5

-2.4

-2. 1

-2.0

-2.4

-2.5

-2.4

—4 . 1

—4 . 0

8-82

-1.3

-1.5

-1.6

-1.9

-2.1

-2.2

-2.4

-2.2

-2.2

-2.5

-2.6

-2.5

-3.7

-3. 5

-2.1

-2. 1

-2.4

-2.5

-2.4

-3.2

-2.9

-2.3

-1.7

-2.3

-2.5

-2.6

-2.6

-3.3

-3.0

-2.7

-2.6

-3.5

1-82

2-82

3- 82

4-82

5-82

6-8 2

7-82

8-8 2

9-82

<
M
1

2-82

-2.4

-2.5

9-82

-1.3

-1.5

-1.6

-1.8

-2. 1

-2.2

-2.4

-2.4

-2.4

10-82

-1.5

-1.6

-1.7

-1.9

-2.2

-2.3

-2.5

-2.5

-2.5

-2.3

3- 81

4-81

5-81

6-81

7-81

8-81

9-81

10-81

11-81

12-81

INITIAL

90, , 4 5 9
,
90 , 3 0 4
90,083
9 0 , , 166
89, , 83 9
8 9 , , t>35
-2.9

8 9 ,► 1 2
3
89,► 8 P
18
8 8 ,, 9 2 5 P

MO NT H

P - P REL IM INA RY




PftÊPÀfttÔ BY ÉÉÔÉkAl *éSÉÜV'fc_ BANK OF ¿T. LÒui S
NOVEMBER 5 ,

2

1982




EM PLO YM EN T
RATIO

SCALE

M ILLIO N S

OF

1974

RATIO

SEASONALLY ADJUSTED

PERSONS

1 97 5

1976

1977

197 8

M IL L IONS

1979

198 0
SOURCE:

PERCENTAGES

ARE

LATEST

PLOTTEDt

DATA

ANNUAL

RATES

Of

OCTOBER

CHANGE

FOR

PERIOD S

1981

SCALE

PERSONS

1982

U .S .D E P A R TM E N T

OF

LABOR

.

LO U IS

IN D IC A TE D .

PR ELIM INARY
PREPARED

U N E M P LO Y M E N T
PERCENT

OF

S E A S O N A L L Y

BY

FEDERAL

RESERVE

BA NK

OF

S

RATE

A D J U S T E D

PERCENT
11.0

10.

10.(

9. C

8. (

6. (

>

.

.(

SOURCE:
PERCENT
LATEST

OF
DATA

C IV IL IA N
PLOTTED:

LABOR

U .S .

DEPARTMENT

OF

LABOR

FORCE

OCTOBER

PR EPARED BY FE D E R A L R ES E R V E BANK OF S . L O U IS

3

C O N S U M E R PRICE IMOEX FOR ALL U R B A N C O N S U M E R S , S E A S O N A L L Y A O J U S T E D
_________________ ____ C O M P O U N D E D A N N U A L R A T E S Q F C H A N G E ______________________
T E R M IN A L
M ON TH

IN IT IA L
3 - 9 1 ____ 4 - 9 1

5 - 8 ,1____ 6 - & 1 ____ 1 - 9 1 ____ 1__________ 9 - 9 1

1 0 -8 1

1 1 -9 1

1967*100

M ONTH

1 2 - 9 1 ____ 1 ~ 9 2 ____ ¿ - 9 2 ____3 - 9 2 ____ 4 - 9 2 ____ 5 - 9 2 ____ 6 - 8 2

7 -8 2

9 -8 2

9 -8 2

7,5____ 9.« 9

5 -9 1 _

*1 ____ 9 . a

6 - 9 L_

9 t7

7 -9 1

I l t3

_9^8___11*0

-9-6-L

9*3

l l t 9 ___14»6

¿73*7

U f 3 __________ 10*1

2 7 5 .9

9-91____ 15^4___L U 5 __________________ LZ^Q___13*9_______
9 « 7 ____ 1 0 * 5

1 0 -9 1

10*6

9 *_8_

_ llr $ l
12-81

9 »7

J L i Z ____ 3 * 5

9 .4

7 .7

278 .9

¿90.1

9 * 5 ______ 5 * _ 3 .

_9_*_9____ £ * £ ____ Sbt4____
9 ,1

9*7

.2 ~ 9 2

1 0 ,9

8 .0

7-, 5

^281*3
5 .4

_JU2____ Z*2 ____ ^
7 «6

±£ ±1 3 . 5
s ____ ±____
3 .2

3 .0

5*3

4 ,6

3 + 2 ______ ____________ L t l ______ U P

-0 * 2

-3 * 3

5 .0

4 .4

3 .2

0 .8

- 0 . 2

J L f O ____ 6_*7____ 6 * 5 ____ 5 * 7

5*3

4 * 2 ____ ft±l____ 2jlI____ 3 * 5 ____ ^ * 5 ____ 2 ^ 7 ____ 7 ^ 4

J L t l ______ L l 4 ______1 * 2 ______ L a ______ 6 » 4

6 *0

5 * 2 ______ 5 ^ 2 ______ 5 ^ 0 ______ 5 ^ 1 ______

6t6

6 -9 2

J L l5____ 1*4____ ________7*1____ ^

..7-92
-9,-92

____6*1

4 .3

3 .7

294*1

4*5

4-92

6*3
6 .0

____

4 .8

6 .0

3 - 9 2 ________6 * 7 ______ 6 * 9 _

6 .6

5 .5

2 .9

5t4

2 .1

_ ^ 4 ____ ^

1 .5

6t0

5,4

5*9

5 * 2 ______ 5 * 2 ______ 5 * 1 ______ 5 _ a

6 t ? ______ 6 * _ 9 ______ 6 , 1 ______ 6 * ^ ______ 5 * 9

5*6

4 * 9 ______ 4 * 9 ,

.¿«9

9 -9 2

5*6

7-81

8-81

3-81

4-81

5-81

6-81

9-81

10-81

4 . 9 ______ ^ * 0 ______ 5 * 2

11-81

12-81

5 .3

1-82

IN IT IA L

1 0 t2

_____L , 7 _____9 ^ 9 ____ 7 , 9

5 * 0 ______ 5 * _ 0______ 4 * 5 ______4 * 5 ______ 5 * 1

.10-92 .

1L tSL.

J ? ^ 3 ____ 1 2 * 7 ____ 1 3 , 3

____ 5_*4____ 5j J ____ 6^ 3____ 9^ 9___ 10 *9

6 * 9 ______ 6 * 2

7 . 0 ______ L a ______ 7 * 0

3 .0

2-82

____6 * 1 ______ 7 * 5

PRO D U C ER

P R IC E

IN D E X ,

6 . 6 ______ 1 * 2 ______ 6 * 3 ______ 4 * 6

3-82

4-62

2 9 2 *2

5-82

3*9

6-82

7-82

5 .9 _

8-82

9-82

M O N TH

F IN IS H E D

GOODS

ANNUAL

IN IT IA L

7»3
£*3____ 3,3

. 6 * 4 ______ 4 * 2 ______ 2 . 7 ______ 2 . 1

PREPA RED
N O VEM BER

________________________ C O M P O U N D ED

2 9 9 .7

-

RATES

OF

M ON TH

SEA SO N A LLY

8Y F E D E R A L
23 * 1982

RESERVE

BANK

OF

ST.

L O U IS
____

A D JU S T E D *

C H A N G E ___________________
_

MONTH

*
1
00

3-81

4-81

5-81

6-81

7-81

8-81

9-81

10-91

11-81

12-81

1-92

2-82

3-82

4-82

5-82

6-82

7-82

8-82

9-82
2 6 8 .2

1 1 .9

5-81

7 .2

6-81

7 .1

2 6 8 .8

2 .7
4 .8

6 .9

2 7 0 .3
2 7 1 .3

7-81

6 .5

4 .7

5 .7

4 .5

9-81

5 .9

4 ,4

5 .0

4 .1

3 ,6

9-81

5 ,3

4 .0

4 .3

3 ,4

2 .9

2 .2

10-81

5 .5

4 .5

4 .9

4 .4

4 .3

4 .7

7 .3

2 7 2 .1
2 7 2 .6
2 7 4 .2
2 7 5 .5

11-81

5 .6

4 .7

5 .0

4 .7

4 .7

5 .1

6 .6

5 .8

12-81

5 .4

4 .6

4 .8

4 .5

4 .5

4 .7

5 .5

4 .7

3 .5

1-82

5 .5

4 .8

5 .1

4 .8

4 .8

5 .1

5 .8

5 .4

5 .1

2 7 6 .3
6 .7

2 7 7 .8

2-82

4 .8

4 .1

4 .2

3 .9

3 .8

3 .9

4 .2

3 .4

2 .6

2 .2

-2. 1

3-92

4 ,2

3 .5

3 .6

3 .3

3 ,1

3 .0

3 .2

2 ,4

1 ,5

0 .9

- 1 .9

- 1 .7

4-82

4 .0

3 .3

3 .4

3 .0

2 .9

2 .8

2 .8

2 .1

1 .4

0 .9

- 1 .0

- 0 .4

0 .9

5-92

3 .6

3 ,0

2 .5

2 .4

2 ,4

1 ,7

no

0 *5

- 1 .0

- 0 .6

0 .0

6-82

4 ,2

3 .7

3 .7

3 *5

3 .4

3 .4

3 .5

3 .0

2 .6

2 .5

1 .6

2 .6

4 .1

5 .8

1 2 .8

7-82

4 .4

3 ,9

4 .0

3 .8

3 .7

3 .7

3 .8

3 .5

3 .2

3 .1

2 .5

3 .5

4 .8

6 .2

9 .9

7 .1

8-82

4 .6

4 .1

4 .2

* ,.0

4 .0

4 .0

4 .2

3 .9

3 .6

3 .7

3. 2

4 .2

5 .4

6 .5

9 .1

7 .3

___ 7 . 5

9-82

4 .2

3 .8

3 .8

3 .6

3 .6

3 .6

3 .7

3 .3

3. 1

3 .1

2 .6

3 .3

4 .2

4 .8

6 .3

4 .2

2 *8

- 1 .7

10-82

4 .3

3 .9

3 .9

3 .8

3 .7

3 .7

3 .8

3 .5

3 .3

3 .3

2 .9

3 .6

4 .4

5 .0

6 .2

4 .6

3 .7

1 .9

5 .7

3-81

4-81

5-81

6-81

7-81

8-81

9-81

10-81

11-81

12-81

1-82

2-82

3-82

4-82

5-82

6-82

7-82

8-82

9-82

»D A T A

FO R

FO U R

3 .0

MONTHS




AGO

2 .7

R E V IS E D

TO

REFLECT

LATE

IN IT IA L
R E P O R T IN G

2 7 7 .3
2 7 6 .9
2 7 7 .1
2 7 6 .9

- 0 .9

2 7 9 .7
2 8 1 .3
2 8 3 .0
2 8 2 .6
2 8 3 .9

M O N TH

PREPARED BY FED ERAL RESERVE BANK OF S T .
NOVEMBER 1 6 , 1982

L O U IS




RATIO

PR

S CA L E

1967-100

I C E S

ÌATIO

SEASONALLY ADJUSTED

SCALt

I 9 6 7 - I 00

I0 0

1 OC

1974

1975

1976

1977

1978

1979

1980

1981

1982

CPI-U FOR ALL URBAN CONSUMERS
PERCENTAGES ARE ANNUAL RATES OF CHANCE FOR PERIODS INDICATED
LATEST DATA PLOTTEOt OCTOBER

PREPARED BY FEDERAL RESERVE SANK O <
F

R A T IO

P R O D U C E R

SC ALE

P R I C E S

r a t i o

PERCENTAGES ARE ANNUAL RATES O CHAN6E FOR PERIODS INDICATED
F
LATEST DATA PLOTTED,

OCTOBER
P RE P AR E D BY F E D E R A L R ES E R V E BANK OF

5

LOUli

s c a l e

PRODUCER PR IC E I N D E X , F I N I S H E D CONSUMER FOODS - SEASONALLY AD J U S T ED *
____________________ COMPOUNDED ANNUAL RAT ES OF CHANGE__________________________
IN IT IA L

T E R M IN A L
M ONTH
3-91

4-81

5-81

6-81

8-81

7-81

9-81

10-81

11-81

1967

M ON TH

12-81

1-82

2-82

3-82

4-82

5-82

6-82

7-8 2

8-82

2 5 2 .7

1 .9

4-81

= 100

9-82

2 5 3 .3

5-81

2 .4

2 .9

6-81

3 .5

4 .4

5 .8

7-81

5 .2

6 .3

8 .1

1 0 .4

2 5 4 .5
2 5 6 .6
2 5 6 .8

8-81

4 .3

4 .9

5 .6

5 .5

0 .9

9-81

2 .6

2 .7

2 .6

1 .6

- 2 .5

- 5 .9

10-81

1 .8

1 .8

1 .6

0 .6

- 2 .5

-4. 1

2 5 5 .5
2 5 5 .0

- 2 .3

2 5 3 .2

11-81

0 ,5

0 .3

- 0 .1

- 1 .2

- 3 .9

- 5 .5

- 5 .3

- 8 .1

12-81

0 .4

0 .2

- 0 .2

- 1 .2

- 3 .3

— .4
4

- 3 .9

— .6
4

- 0 .9

1-82

1 .7

1 .7

1 .5

0 .9

- 0 .5

- 0 .8

0 .5

1 .4

6 .6

1 4 .7

2-82

2 .1

2 ,1

2 .0

1 .5

0 .3

0 .2

1 .5

2 .5

6 .3

1 0 .1

5 .8

3-82

1 .8

1 .8

1 .7

1 .2

0 .1

0 .0

1 .0

1 .7

4 .3

6 .1

2 ,1

-1 .4

4-82

3 .2

3 .3

3 .4

3 .1

2 .3

2 .5

3 .8

4 .8

7 *7

9 *9

8 .4

9 *7

2 5 3 .0
2 5 5 .9
2 5 7 .1
2 5 6 .8
2 6 1 .1

2 2 .1

5-82

3 .5

3 .6

3 .7

3 .5

2 .9

3 .1

4 .3

5 .2

7 ,6

9 .4

8 .2

9 .0

1 4 *6

7 .6

6-82

3 *7

3 t8

3»?

3 *7

3» 1

3 ,3

4 ,4

5 *3

7 *4

8 .8

7 .7

8 .1

1 1 .5

6 .6

7-82

2 .3

2 .3

2 .3

2 .0

1 .3

1 .4

2 .1

2 .6

4 .1

4 .8

3 .2

2 .7

3 .8

- 1 .7

—6 . 0

- 1 6 .4

1 .4

3 .0

- 7 .9

1 .4

2 6 2 *7
5 *6

2 6 3 .9
2 6 0 .0

8-82

2 .2

2 .2

2 .2

2 .0

1 .3

2 .1

2 .5

3 *8

4 *4

2 .5

3 .3

- 0 .9

- 3 .6

9-82

1 .7

1 .7

1 .7

1 .4

0 .8

0 .8

1 .3

1 .7

2 .7

3 .1

1 .8

1 .2

1 .6

- 2 .0

- 4 .3

- 7 .4

- 2 .5

- 6 .3

10-82

1 .5

1 .5

1 .4

1 .2

0 .6

0 .6

1 .1

1 .4

2 .3

2 .6

1 .4

0 .8

1 .1

- 2 .0

- 3 .8

- 6 .0

- 2 .3

-4. 1

- 1 .8

3-81

4-81

5-81

6-81

7-81

8-81

9-81

10-81

11-81

12-81

3-82

4-82

5-82

6-82

7-82

8-82

9-82

8-62

9-82

*O ATA

FO R

FO U R

M ONTHS

AGO

R E V IS E D

TO

REFLECT

LA TE

P R IC E

IN D E X »

8-81

PRO O U C ER

9-81

F IN IS H E D

3-81

4-81

5-81

6-81

7-81

10-81

11-81

2-8 2

2 5 8 .5

M ON TH

G O O DS»

IN IT IA L

T E R M IN A L
M ON TH

4-81

1-82

IN IT IA L
R E P O R T IN G

2 6 0 .3
2 5 8 .9

E X C L U D IN G

FO O O S

-

SEASO N ALLY

A D JU S T E D *

1967

M ONTH

12-81

1-8 2

2-82

3-82

4-82

3-8 2

6-82

7-82

2 7 1 .5

1 4 .8

2 7 2 .0

5-81

8 .3

2 .2

6-81

8 .1

5 .0

7 .8

7-81

6 .7

4 .2

5 .2

2 7 3 .7
2 .7

2 7 4 .3

8-81

6 .2

4 .1

4 .8

3 .3

4 .0

9-81

6 .1

4 .4

4 *9

4 .0

4 .7

5 .4

10-81

6 .6

5 .3

5 .9

5 .5

6 .4

7 .6

1 0 .0

2 7 5 .2
2 7 6 .4
2 7 8 .6

11-81

7 .1

6 .0

6 .7

6 .4

7 .4

8 .5

1 0 .2

1 0 .4

12-81

6 .8

5 .8

6 .3

6 .1

6 .8

7 .5

8 .2

7 .3

4 .4

1-82

6 .6

5 .7

6 .1

5 .9

6 .4

6 .9

7 .3

6 .5

4 .6

4 .8

5 .5

4 .7

4 .9

4 .6

4 .9

5 .0

4 .9

3 .7

1 .6

0 .2

2-82

« 100
=

2 8 0 .9
2 8 1 .9
2 8 3 .0
—4 . 2

2 8 2 .0

3-82

4 ,9

4 *1

4 .3

3 .9

4 .0

4 .0

3 *9

2 *6

0 *7

- 0 .4

- 2 .9

-It.?...

4-82

^ *2

3 *3

3 .4

3 *0

3 .0

2 .9

2 *6

1 *4

- 0 .3

-1 *5

- 3 .5

- 3 .1

2 8 0 .5

5-82

3 *6

2 *8

2 .9

2 *4

2 *4

2 .2

1 *9

0 *7

-0 *8

-1 *8

-3 *4

-3 *1

2 7 9 .8

6-82

4 .3

3 *6

3 .7

3 *4

3 *5

3 .4

3 *2

2 *4

1 *3

0 *8

0 .0

1 *1

2 *0

5 *5

1 4 *6

<
N
C
O
1
I-

5 .0

4 .4

4 .5

4 .3

4 .4

4 .4

4 .4

3 .8

3 .0

2 .a

2 .4

3 .8

5 .2

8 .7

1 5 .0

1 5 .4

8-82

5 .2

4 .7

4 .8

4 .6

4 .8

4 .8

4 .8

4 .3

3 .6

3 .5

3 .4

4 .7

6 *0

8 .8

1 3 .0

1 2 .2

9 *2

9-82

4 .9

4 .4

4 .5

4. 3

4 .4

4 .4

4 .3

3 .8

3 .2

3 .1

2 .9

3 .9

4 .9

6 .9

9 *5

7 .9

4 .3

- 0 .4

5. 1

4 .6

4 .7

4 .5

4 .6

4 .7

4 .6

4 .2

3 .7

3 .6

3 .5

4 .4

5 .4

7 .1

9 .2

7 .9

5 .6

3 .8

4 —8 1

5-81

6-81

7-81

8-81

9-81

10-81

11-81

12-81

1-82

2-82

3-62

4-62

5-82

6-62

7-82

8-62

10-82

3-81

»D A T A

FO R

FO U R

M ONTHS




AGO

R E V IS E D

TO

REFLEC T

LATE

IN IT IA L
R E P O R T IN G

2 8 1 .6

-3 *0 .

2 8 3 *0
2 8 6 .4
2 8 8 .5
2 8 8 .4
8 .2

2 9 0 .3

9-6 2

M O N TH

PREPARED BY FEDERAL RESERVE BANK OF ST*
NOVEMBER 1 6 , 1982

L O U IS

INDUSTRIAL
RATIO

PRODUCTION

SCALE

RATIO
SEASONALLY

i 9 6 7 - 1 0 0

PERCENTAGES a re

ANNUAL

'.ATEST DATA PLOTTED:

ADJ USTED

RATES OF CHANGE FOR PERIO D S

INDICATED.

OCTOBER PR ELIM IN A RY
PREPARED BY FEO ERA l RESERVE BANK OF ST.

INDUSTRIAL
COMPOUNDED A NNU AL
INITIAL

TERMINAL
3-81
4-81

4-81

7-81

8-61

9-81

10-81

11-81

PRODUCTION
R A T E S OF C H A N G E
1967

MONTH
1-82

12-81

2-8 2

3-82

5-<L2_

5 —8 2

6-82

7-82

152.'

b .‘
2.1

4.0

7-81

3.6

5.4

8-81

152.9

1 .6
_ 4*8

8 . 1
2.Ç

_ ÄiA

153.'
1 53

-2.3

—0 « 5

-2.1

-3.4

-8.6

-3.7

-5.6

-7.3

-11.9

-16.3

149.1

-18.1

-5.7

-6.2

-8.2

-10.0

-14.1

-17.7

-19.2

12-81

-7.6

-8.3

-10.2

-12.0

-15.6

-18.6

-19.9

-20.9

-21.4

1-82

-8.9

- V. 7

-11.6

-13.3

-16.4

-19.0

-20. 1 -20.7

-20.9

-20.4

2-82

—6 . 6

-7.1

-8.5

-9.6

-11.9

-13.4

-13.2

-12.0

-9.0

-2.1

—6 . 8

-7.3

146 . 3

-8.6

-9.6

-11.7

-12.9

-12.6

-11.5

-9. 1

143.4
140.7
142.9

20.5
4.3

-4.7

141.7

-9.6

140.2

4-82

-7.2

-7.7

-8.9

-9.9

-11.7

-12.8

-12.5

-11.6

-9.7

-6.5

-1.4

-10.8

-12.0

5-82

-7.3

-7.7

-8.8

-9.7

-11.3

-12.3

-12.0

-11.1

-9.5

-6.9

-3. 2

-10.0

-10.1

-8.2

6-82

-7.1

-7.5

-8.5

-9.3

-10.7

-11.5

-11.2

-10.3

-8.7

-6.4

-3.4

-8.6

-8.2

-6.3

-4.2

139.2
138.7

-9. 1

-7.6

-5.4

-¿.7

—6 . 7

—6 . 0

-3.9

-1.7

0*9

-8.5

-7. 1

-5.2

-2.8

—6 . 2

-5.5

-3.8

-2.3

1.3

3.'

-9.4

-8.5

-7. 3

-5.5

-3. 5

-6.5

—6 . 0

-4.7

-3.8

—3 . 7

-5.9

-8. 3

-9. 7

-9.4

-8.6

-7.4

-5.9

—4 . 1

-6.8

-6.4

-5 .5

-4.9

5. Î

7.0

8.8

8 -8 1

9 -8 1

1 0 -8 1

11-81

12-81

1 -8 2

2-82

3-82

4 -8 2

5 -82

6 -82

7 -8 2

8 -8 2

7-82

-6.6

-7.0

-7.9

-8.5

-9.8

-10.5

-10.0

8-82

—6 . 4

—6 . 7

-7.6

-8.2

-9. 3

-9.9

-9.5

9-82

-6.6

-6.8

-7.6

-8.2

-9. 3

-9.8

10-82

-6. 7

-7.0

-7.7

-8. 3

-9. 3

-81

5-81

6 -81

7 -81

IN ITIA L

138 .6
138.4

>>-82

MONTH

P - P R EL IM IN A R Y




.

151.6

-14.6

-3.4

1
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-0.7

11-81

3-82

= 100

8-82
15 1 . °

5-81

9-81 .

6-8 1

LO U IS

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6-81

10-81

5-81

SCALE

19 6 7 - 1 0 0

PREPAREO BY FEDERAL RESERVE
NOVEMBER 1 6 , 1982

7

BANK LF

PERSONAL
R A T I O S CAL E
TRILLIO NS

INCOME
R A T I O SCAL E

MONTHLY TOTALS AT ANNUAL RATES

OF

DOLLARS

T R I L L I ONS

SEASONALLY ADJUSTED

?

OF

OOLLARS

1
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2.8

2.7
2.6

*/J. 4

X

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c

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6208

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♦
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1975

*
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X

1 t
1978

1977

1976

1979

SOURCE:
PERCENTAGES

ARE

'.A T E S T

PLOTTEO:

DATA

ANNUAL

RATES

OCTOBER

OF

CHANCE

FOR

PERIODS

♦

1981
DEPARTMENT

0.<

1982
OF

COMM ERC E

PR ELIM INARY

CO M PO U N D ED

BY

P E R S O N A L IN C O M E
ANNUAL R A T ES O f

IN IT IA L
3 - 8 1 ____4 - 8 1 ____ !> - a i____ 6 - 3 1 ____ 1=10____ O - h J ____ 9 - B 1

U .S .

$

IN DICATEO.

PREPARED

T E R M IN A L
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*

$ §
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♦ ♦
1980

1 Q - B 1 .. 1 1 - 8 1

FEDERAL

RESERVE

BANK

OF

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.

LO U IS

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b l L L l O N S OF
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ANNUAL R A T ES

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L 2 r a i ____ I = 3 2 ____2 = 3 2 ____3 - 8 2 ___ 4 - 8 2 ____5 - 8 2 ___ 6 - S 2 ____2 = 3 2 -

I»364^

4-81
5 - 8 1 _______ 1 ,2

2*379.1

Ijt l

2 t3 9 8 . 4

J L - a J _______ ___________________ I Q , 2

2 * 4 3 6 .3

2,4*9.4
9-81
10-81

1 1 .1

1 2 .0

1 3 .1

10* 1

10. t

1 1 .3

1 1 .5

? ,9

10 .3

1 0 .4

8 .6

8 .7

8 .4

6 . 1

11-81
12-81

8 «*t

1 4 .1

1 0 .9
8 .6

2 .4 7 B .6

9 .7
6 .9

_

2 » 4 8 7 .2

4 .2

6 .6

.

5 .0

4 .7

3. 1

_

2.499*0

5 .8
2 .5

- 0 .7

2 -> .4 9 7 .6

1-82

7 f6

7 .7

7 ,7

7 .3

5 .2

3 .9

2 .5

1 .9

0 .0

0 *7

2-82

7 ,5

7 .6

7 .6

7 .3

5 .5

4 .5

3 .4

3 .2

2 .4

4 .0

7 .3

3-82

7 .1

7 .1

7 .1

6 .7

5 .1

4 .1

3 .3

3 .1

2 .4

3 .4

4 .8

2 .3

4-82

7 .2

7 ,2

7 .2

6 ,V

5 .5

4 .7

4 .0

3 .9

3 .5

4 .6

6 .0

5 .3

8 .4

5-82

7 .4

7 .5

7 .4

7 .2

5 .9

5 .3

4 .7

4 .8

4 .6

5 .7

7 .0

6 .9

9 .3

.LO .2

6-82

7 .2

7 .3

7 .2

7 .0

5 .8

5 .2

4. 7

4 .8

4 .7

5 .6

6 .6

6 .4

7 .8

7 .5

7-82

7 .3

7 ,6

7 .0

7 .4

6 .3

5 .8

5 .4

5 .6

5 .5

6 .5

7 .4

7 .5

8 .8

8-82

7 ,2

7 .3

7 .2

7 .C

6 .0

5 .5

5 .2

5 .3

5 .2

6 .0

6 .7

6 .6

J.5 _

1 * 3 .,

5 .2

9-82

7 .0

7 .0

6 . V

6 .7

5 .8

5 .3

5 .0

5 .0

5 .0

5 .6

6 .2

6 .1

6 .7

6.4

5.4

5.6

.1 0 - 8 2

7 .1

7 .1

7 .1

6 .9

6 .0

5 .6

5 .3

5 .4

5 .3

5 .9

6 ,5

6 .5

6.t £___

Jfejt-2

>-*i

3-81

4-81

5-81

6-81

7-81

8-81

9-81

10-81

11-81

12-81

1-82

2-82

5-82

6-82

IN IT IA L

2 * 4 9 9 .1

2*^i^a

2 ,5 1 8 .6

_

7 ,1

3-82

2*53?.5

_

4-82

2_,556.2
2,566.3

4 .8

¿.8

M ON TH

p - PR ELIMINARY




PREPARED 8 Y FEDERAL RESERVE BANK OF S T .
NOVEMBER 1 8 , 1982

8

L O U IS

RETAIL
RATIO

SA LES

SCALE

B ILLIO N S

RATIO

OF

DOLLARS

SEASONALLY AOJUSTED

BILLIO N S

OF

SCALE
DOLLARS

SO RCE: U.S. D PA TM N O C M E C
U
E R E T F O MR E
PERCEN ES A E A N A RATES O C A G F R PERIODS INDICATED.
TAG
R NUL
F HNE O
LATEST D TA PLOTTED: SEPTEM
A
BER, O TO E A V N E ESTIM
C BR DA C
ATE
PREPARED B FE ER
Y D AL RESER
VE B N O ST. LOUIS
AK F

RETAIL SALES
COHPOUNDED ANNUAL RATES OF CH
ANGE

___

TERMINAL_____________________________________________________________ INITIAL M TH
ON _____________________________________________________________MILLIONS O
F
M
ONTH
DOLLARS
3-81 4-81 5-61 6-81 7-81 8-61 9-81 10-81 11-81 12-61 1-82 2-62 3-82 4-62 5-62 6-82 7-82 6-82 9-82
4 -8 1

1*9

5-61

1 *6

86.263
1*4

86.361
87.299

6 -61

5 .6

7 .4

13.8

7-61

4*1

4*9

6 .6

-0 *1

87.292

8-61

5*2

6 .0

7 .6

4*6

9*6

9 -61

4 .0

4 .4

5.2

2 .4

3 .7

10-61

0 .6

0 .3

0*1

11-61

1 +1

0 .9

12-61

0 .7

1-62
2 -6 2

87.961
-1 .9

87.823

- 3 .0

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86.413

0*9

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INITIAL
P-

1 OO. i-O
1 OO. .3
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QUARTER

P R E L IM IN A R Y




PREPARED BY FEDERAL RESERVE BANK OF S T .
CMUOBFR 2 8 . 1982

10

L O U IS

PRO D U C T IV IT Y,
RATIO SCALE
I 977-100

1974

CO M PEN SA TIO N ,

AND

LABOR

COSTS
RATIO SCALE
I 9 7 7 - I 00

SEASONALLY ADJUSTED

1975

1976

1977

1978

1979

1980
SOURCE.

1981

U S.

1982

DEPARTMENT O LABOR
F

PERCENT ACES ARE ANNUAL RATES O CHANCE FOR PERIODS INOICATED.
F
LATEST DATA PLOTTED.

3RD QUARTER PRELIMINARY
PREPARED BY FEDERAL RESERVE BANK O !
F

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QUARTER

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PREPARED BY FED ER AL R ES ERV E
nr.TDRFR ?ft. 1982

11

BANK OF S T .

LOUIS

G R O SS N A T IO N A L P R O D U C T IN C U R R E N T D O L L A R S
COHPOUHQEO A N N U A L R A T E S O f C H A N G E
B IL L IO N S O F
Q U A R T E R ___________________________________________ ________ ________ __________ D O L L A R S

T E R M I N A L ________________________________________________________________________ I N I T I A L
QUARTER

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1-79

2-79

3-79

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2-62

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3-78

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T E R M IN A L
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2 ,6 4 3 * 7
1 5 .3

1972 D O LLA RS
OF CHANCE
B IL L IO N S OF
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Q UARTER

ANNUAL
4-77

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0 *1

-0 *9

2 *4

2 *2

1 *4

1 *5

2*6
1 *1

1 *5

0 *7

0 *4

-0 *5

-0 *8

-0 *8

-2 *6

^ 4 *2

0 *5

- 0 .2

-0 *4

-0 *3

-1 *5

- 2 .3

0 *3

0 .5

- 0 .4

- 0 .7

0 *6

4 *0

1 ,4 6 6 * 6

4-79

3 *6

3 *6

3 *3

3 *3

2-80

2 *0

1*8

1 *9
4-60

2 *1

2*0

2 .6

2 *5

2-81

2 *3

3-61

2 .3

1 -6 2

1*4

1*2

0 .9

1*6

1.2

1 *3

1 »489 *3
1 ,4 9 4 * 9
1 » 4 5 7 .8

-9 *6
1 *7

1 » 4 6 3 .8

- 1 .4

3 .0

1 »4 7 9 .4
6 *1

7 *9

O .A

3 .0

3 .5

3 .1

2 .9

3 .2

1 .5

1 ,5 0 7 .6
1 ,5 0 2 .2

- 1 .5

0 *9

1 *1

1*0

1*0

1*2
0*1

0*0

-0*2

1 *5

1 *4

0 *7

-1*6

— 1*6

1*2

0 .0

-0 .0

0*0

-0 * 4

-0 .6

-0 .6

0 .5

0 .3

-0 .5

-2 .5

-2 ¿ 6

-5 .2

-5 .1

1*3

0*2

0*1

0*2

-0 * 2

-0 .3

-0 .5

0*7

0 .6

-0 .0

-1 .6

-1 .6

-2 * 6

-1 * 6

2*1

0*1

0*2

-0 * 2

-0 .3

-0 .4

0 .5

-0 * 0

-1 * 3

-1 * 3

-2 * 1

-1 * 0

1*0

0»0

2^79

3^?9

4 -7 9

1^60

3 -8 0

4^80

W

2 -8 1

3 -8 1

4 -8 1

1 -8 2

2 -6 2

2.2

1 .5
0 *9

1 *7

3 -6 2

0*5

1*3

~ 4 -7 ?

1 -7 8

2 -7 8




3 -7 8

4 -7 8

W 9

IN IT IA L

2 -8 0

0 *3

Í

1 ,5 1 0 * 4

2^2

1 ,4 9 0 * 1

1 ,4 7 0 .7
1 ,4 7 6 * 4
1 ,4 7 8 * 4

Q U A R TER

PRÉPARED
NOVEM BER

12

BY FED ER A L
1 9 , 1982

RESERVE

BANK OF

S T.

L O U IS

G R O S S
RATIO

SCALE

1974

N A T I O N A L

QUARTERLY

1975

1976

TOTALS

1977

AT

1978

P R O D U C T
ANNUAL

RATES

1979
SOURCE:

PERCENTAGES

ARE

LATEST

PLOTTED:

DATA




ANNUAL

RATES

3RD

OF

CHANGE

FOR

PERIODS

RATIO

1980
J .r .

1981
DEPARTMENT

SCALE

1982
OF

COMMERCE

INDICATED.

QUARTER

PRE P ARE D BY F E D E R A L

13

RESERVE

BANK OF ST

L OUI S

GENERAL
RATIO

PRICE

*

INDEX

SCALE

RATIO

I 972-100

1974
*AS USED

1975

1976

IN NATIONAL

1977

1978

INCOME ACCOUNTS

DATA PLOTTED:

1979

1980

SOURCE:

PERCENTAGES ARE ANNUAL RATES OF CHAN6E FOR PERIO D S
LATEST

SCALE

19 7 2 - 1 0 0

U .S .

1981

1982

DEPARTMENT OF COMMERCE

I NO ICA TED .

3RD QUARTER
PREPARED BY FEDERAL RESERVE BANK OF S

LO U li

I M P L I C I T P R I C E 0 € F L A T O R F O R G R O S S N A T IO N A L P R O O U C T
_______________C O M PO U N D ED A N N U A L R A T E S O F C H A N G E ________________
T E R M IN A L
Q UARTER

IN IT IA L
4 *7 7

1-78

8 .0

2-78

3-78

4-78

1-79

2-79

3-79

4-79

1-80

1972

Q UARTER
2-80

3-80

4-80

1-81

2-81

3-81

4-81

*

100

1-82

5 .4

2-78

1-78

1 0 .8

3-78

8 .3

9 .7

8 .7

4-78

8 .5

9 .5

8 .9

9 .1

1 5 2 .0 2

1-79

8 .5

9 .3

8 .8

8 .8

8 *6

2-79

8 .5

9 .1

8 .7

8 .7

8 .5

8 .5

3-79

8 .5

9 .0

8 .6

8 .6

8 .4

8 .4

8 .3

4-79

8 .3

8 .7

8 .4

8 .4

8 .2

8 .0

7 .8

7 .3

1-80

8 .6

9 .0

8 .7

8 .7

8 .6

8 .6

8 .7

8 .9

1 0 *5

158*60
1 6 1 .8 5

1 6 8 .0 5

2-80

8 .7

9 .1

8 .9

8 .9

8 .9

8 .9

9 .1

9 .3

1 0 *3

1 0 *1

3-80

8 .8

9 .1

9 .0

9 .0

9 .0

9 .0

9 .2

9 .4

1 0 .1

9 .9

9 *6

4-80

8 .9

9 .3

9 .1

9 .2

9 .2

9 .3

9 .4

9 *6

1 0 *2

1 0 *1

1 0 *0

1 0 .5

1 7 6 .5 2
1 8 0 .6 0
1 8 5 .1 6
1 9 0 .0 1

9 .3

9 .3

9 .4

9 .5

9 *6

9 *8

1 0 .3

10 *3

1 0 *3

1 0 .7

1 0 .9

9 .2

9 .1

9 .1

9 .1

9 .2

9 .2

9 .4

9 .7

**6

9 *4

9 .4

8 .8

6 .8

3-81

8 .9

9 .2

9 .1

9 .1

9 .1

9 .1

9 *2

9 .3

9*6

9 .5

9 .3

9 .3

8 .9

7 .9

4-81

8 .9

9 .2

9 .0

9 .1

9 .1

9 .1

9 .2

9 .3

9 *5

9 *4

9 .2

9 .2

8 .9

1-82

8 *6

8 .8

8 .7

8 .7

8 .7

8 .7

8 .7

8 .8

8 .9

8 .7

8 .5

8 .3

7 .9

8 .4

8 .6

8 .5

8 .4

8 .4

8 .4

8 .4

8 *4

8 .5

8 *3

8 .0

7 .8

7 .4

8 .2

8 .4

8 .2

8 .2

8 .1

8 .1

8 .1

8 *1

8*1

7 *9

7 .7

7 .4

4 —7 7

1-78

¿- 7 8

3-78

4-78

1-79

2-79

3-7$

4-79

1-80

2-80

3-80

3-82




1 9 3 .1 7
1 9 7 .3 6

8 .2

8 .9

8 *8

2 0 1 *5 5

7 .2

7 .3

6 *5

6 .7

6*6

5 *9

4 *4

4 *6

7 .0

6 .3

6 .3

5 *6

4 *5

4 .7

4-80

1-81

2-81

3-81

4-81

1—82

w

9 .0

*

9 .4

8 .9

(S
I

9 .1

•
<
M

1-81
2-81

2 0 3 .6 8

PRÉPAREO BY FEDERAL RESERVE
N O V E M B E R 19, 1 9 8 2

14

2 0 5 .9 8

B A N K O F ST. L O U I S

P E R S O N A L C O N S U M P T I O N E X P E N D I T U R E S IN C U R R E N T D O L L A R S
__________ C O H P O U N O E D A N N U A L R A T E S O f C H A N G E _____________
BILLIONS OF
T E R M IN A L
Y u i Ab T C b
Q U i RTER

____
4-77

1-78

1 3 .0

2-78

3-78

4-78

1-79

2-79

3-79

4-79

1-80

Q UARTER
2-80

—
3-80

4-80

1-81

2-81

3-81

4-81

1-62

D O LLARS
--------.___________ ______
ANNUAL R A T E S
2-82

8 .1

2-78

1-78

IN IT IA L

1 ,2 7 6 .4
1 8 .1

1 ,3 3 0 .7

__

_

3-78

1 2 .5

1 4 .8

1 1 .5

4 —7 8

1 2 .7

1 4 .3

1 2 .5

1 3 .4

1-79

1 2 .2

1 3 .3

1 1 .7

1 1 .9

1 0 .3

2-79

1 1 .6

1 2 .3

1 0 .9

1 0 .7

9 .4

8 .5

. 3-79

1 2 .1

1 2 .8

1 1 .7

1 1 .8

1 1 .2

1 1 .7

1 4 .9

4-79

1 2 .3

1 2 .9

1 2 .0

1 2 .1

1 1 .8

1 2 .3

1 4 .3

1 3 .7

1-60

1 2 .1

1 2 .6

1 1 .8

1 1 .9

1 1 .6

1 1 .9

1 3 .1

1 2 .2

1 0 .7

2-60

1 0 .9

1 1 .2

1 0 .4

1 0 .3

9 .7

9 .6

9 .9

8 .3

5 .7

0 .9

3-80

1 1 .3

1 1 .7

1 1 .0

1 0 .9

1 0 .5

1 0 .6

1 1 .0

1 0 .1

8 .9

8 .0

1 5 .6

4-80

1 1 .7

1 2 .1

1 1 .5

1 1 .5

1 1 .2

1 1 .4

1 1 .8

1 1 .2

1 0 .6

1 0 .6

1 5 .8

1 6 .1

1-81

1 1 .8

1 2 .1

1 1 .6

1 1 .6

1 1 .4

1 1 .6

1 2 .0

1 1 .5

1 1 .1

1 1 .2

1 4 .9

1 4 .5

1 3 .0

2-81

1 0 .7

1 1 .0

1 0 .5

1 0 .0

9 .8

1 2 .2

1 1 .0

8 .6

4 .4

1 ,3 6 7 .5
1 ,4 1 1 .3
1 ,4 4 6 .3
1 ,4 7 6 .0
1 ,5 2 8 .3
1 ,5 7 8 .0
1 ,6 1 8 .7
1 ,6 2 2 .2
1 ,6 8 2 .0
1 ,7 4 5 .8
1 ,7 9 9 .9

1 1 .3

1 1 .5

1 1 .0

1 0 .9

1 0 .7

3-81

1 1 .3

1 1 .5

1 1 .0

1 1 .0

1 0 .7

1 0 .8

1 1 .1

1 0 .6

1 0 .1

1 0 .1

1 2 .0

1 1 .1

9 .5

7 .8

1 1 .3

4-81

1 0 .8

1 0 .9

1 0 .5

1 0 .4

1 0 .1

1 0 .1

1 0 .3

9 .8

9 *3

9 .1

1 0 .5

9 .5

7 .9

6 .3

7 .3

3 .4

1-62

1 0 .6

1 0 .7

1 0 .3

1 0 .2

9 .9

9 .9

1 0 .0

9 .5

9 .1

8 .9

1 0 .1

9 .2

7 .9

6 .6

7 .4

5 .5

2-62

1 0 .3

1 0 .5

1 0 .0

9 .9

9 .6

9 .6

9 .7

9 .2

8 .8

8 .6

9 .6

8 .7

7 .6

6 .5

7 .1

5 .7

6 .8

6 .1

3-62

1 0 .2

1 0 .3

9 .9

9 .8

9 .6

9 .5

9 .6

9 .2

8 .8

8 .6

9 .4

8 .7

7 .7

6 .8

7 .3

6 .4

7 .4

7 .2

8 .4

4 - n

i-7 è

2-78

1-79

2-7*

3-79

4-79

1-80

¿ —8 0

3-80

4-80

1-81

2-81

3-81

4-81

1-82

2-82

3-78

4-78

1 ,8 1 9 .4
1 ,8 6 8 .8
1 ,8 8 4 .5
1 * 9 1 9 .4

7 .6

1 ,9 4 7 .8
1 ,9 8 7 .5

INITIAL QUAfcTêR

PERSO N AL

C O N S U M P T IO N E X P E N D I T U R E S I N 1 9 7 2
C O M PO U N D ED A N N U A L R A T E S O F CH A N G E

T E R M IN A L
Q UARTER

IN IT IA L
4-77

1-78

4 .8

2-78

3-78

4-78

1-79

2-79

3-79

4-79

1-80

B IL L IO N S OF
DO LLARS
ANNUAL R A T ES

Q UARTER
2-80

3-80

4-80

1-81

2-81

3-61

4-81

1-82

2-82

1 .6

2-78

1-78

DO LLARS

8 8 3 .8
8 .1

9 0 1 .1

3-78

4 .3

5 .7

3 .4

4-78

4 .4

5 .4

4 .1

4 .7

1-79

3 .7

4 .2

3 .0

2 .8

0 .9

2-79

2 .9

3 .2

2 .0

1 .6

0 .1

- 0 .7

¿ —7 9

3 .2

3 .5

2 .6

2 .5

1 .7

2 .1

4-79

3 .3

3 .5

2 .8

2 .6

2 .1

2 .5

4 .2

3 .3

1-80

2 .8

3 .0

2 .3

2 .1

1 .5

1 .7

2 .5

1 .3

- 0 .7

9 0 8 .6
9 1 9 .2
9 2 1 .2
9 1 9 .5
5 .1

9 3 0 .9
9 3 8 .6
9 3 7 .0

2-80

1 .6

1 .6

0 .8

0 .5

- 0 .2

- 0 .5

— .4
0

- 2 .2

- 4 .8

- 6 .7

3-80

1 .9

2 .0

1 .3

1 .1

0 .5

0 .5

0 .7

- 0 .3

-1 *5

^ 1 .9

5 .4

4-60

2 .2

2 .3

1 .7

1 .6

1 .2

1 .2

1 .6

0 .9

0 .3

0 .6

5 .6

5 .7

5 .2

5 .0

4 .4

1-61

2 .4

2 .5

2 .0

1 .8

1 .5

1 .6

1 .9

1 .4

1 .1

1 .5

9 1 5 .8
9 2 8 .0
9 4 1 .0
9 5 1 .1

2-61

2 .0

2 .1

1 .6

1 .4

1 .1

1 .1

1 .4

0 .8

0 .4

0 .6

3 .1

2 .4

0 .8

- 2 .7

3-61

2 .1

2 .1

1 .7

1 .5

1 .3

1 .3

1 .5

1 .1

0 .8

1 .0

3 .1

2 .5

1 .5

0 .1

2 .9

4-61

1 .7

1 .8

1 .3

1 .2

0 .9

0 .9

1 .0

0 .6

0 .3

0 .4

2 .0

1 .3

0 .3

- 1 .1

- 0 .3

- 3 .3

1-62

1 .8

1 .8

1 .4

1 .3

1 .0

1 .0

1 .2

0 .8

0 .5

0 .6

2 .1

1 .5

0 .7

- 0 .2

___ 0 . 6

- 0 .5

2 .4

2-62

1 .8

1 .8

1 .5

1 .3

1 .1

1 .1

1 .3

0 .9

0 .7

0 .8

2 .1

1 .7

1 .0

0 .3

1 .1

0 .5

2 .5

3-62

1 .8

1 .8

1 .4

1 .3

1 .1

1 .1

1 .3

1 .0

0 .7

0 .9

2 .0

1 .6

1 .0

0 .5

1 .1

0 .7

2 .0

4-77

1-78

¿- 7 8

i- ? 6

4-78

1-79

2-79

3-79

4-79

1-80

2-80

3-80

4-«)

1—8 1

¿- 6 1

3-81

4-81




9 4 4 .6
9 5 1 .4
9 4 3 .4
9 4 9 .1
2 .5

9 5 5 .0
l . l

1-82

9 5 7 .7

2-82

INITIAL QUARTER

P R E P A R E D BY F E D E R A L R E S E R V E BANK O F ST. L O U I S
N O V E M B E R 19, 1 9 8 2

G R O S S P R I V A T E D O M E S T I C I N V E S T M E N T IN C U R R E N T D O L L A R S
____________C O M P O U N D E D A N N U A L R A T E S O F C H A N G E _____________
T E R M I N A L __________ ______________________________________________________________________________I N I T I A L
Q U A R tE R
4-77
1-78

1-78

2-78

3-78

4-78

2-79

1-79

1 6 .8

3-79

4-79

________________
B I L L I O N S OF

Q U A R T E R _______________________________ _______________________________ ___________

__________D O L L A R S
ANNUAL

1-80

2 —8 0

3-80

4-80

1-81

2-81

3-81

4-81

1-82

3 5 4 .2

2-78

3 0 .0

4 4 .7

3-78

2 1 .6

2 4 .1

6 .4

4-78

2 0 .1

2 1 .2

1 0 .9

1 5 .5

1-79

1 7 .1

1 7 .2

9 .2

1 0 .7

3 8 8 .5
3 9 4 .6
4 0 9 .1
6 .0

4 1 5 .1

2-79

1 6 .5

1 6 .4

1 0 .2

1 1 .5

9 .6

1 3 .3

3-79

1 4 .5

1 4 .1

8 .8

9 .5

7 .5

8 .3

3 .4

4-79

1 0 .6

9 .7

4 .8

4 .5

1 .9

0 .5

- 5 .3

- 1 3 .3

1-80

1 0 .2

9 .4

5 .1

4 .9

2 .9

2 .1

- 1 .3

- 3 .6

2-80

5 .7

4 .5

0 .3

- 0 .5

- 3 .0

- 4 .7

- 8 .7

- 1 2 .4

- 1 2 .0

- 2 7 .7

3-80

4 .5

3 .3

- 0 .5

- 1 .3

- 3 .5

- 5 .0

- 8 .3

- 1 1 .1

- 1 0 .3

- 1 7 .9

- 6 .9

4-80

6 .4

5 .5

2 .2

1 .7

0 .1

- 0 .7

- 2 .8

- 4 .0

- 1 .6

- 4 .3

1 0 .1

4 2 8 .3
4 3 1 .9
4 1 6 .8
7 .1

4 2 4 .0
3 9 1 .0
3 8 4 .1
4 1 0 .3

3 0 .2

4 5 5 .7

1-81

9 .4

8 .8

6 .0

5 .9

4 .9

4 .8

3 .6

3 .6

7 .4

7 *5

2 2 .7

4 0 .8

5 2 .2

2-81

1 0 .0

9 .5

7 .0

7 .0

6 .2

6 .2

5 .4

5 .6

9 .2

9 .6

2 1 .6

3 2 .9

3 4 .3

1 8 .5

4 7 5 .5

3-81

9 .9

9 .5

7 .1

7 .2

6 .5

6 .5

5 .8

6 .1

9 .2

9 .5

1 9 .0

2 6 .5

2 5 *3

1 3 .7

9 .1

4-81

8 .3

7 .8

5 .5

5 .5

4 .7

4 .5

3 .7

3 .7

6 .1

5 .9

1 2 .9

1 7 .3

1 4 .3

3 .9

- 2 .8

- 1 3 .3

4 8 6 .0
4 6 8 .9

1-82

4 .7

4 .0

1 .8

1 .4

0 .4

- 0 .0

- 1 .2

- 1 .6

- 0 .2

- 1 .1

3 .4

5 .3

0 .9

- 9 .0

- 1 6 .6

- 2 7 .2

5 .4

4 .8

2 .7

2 .4

1 .5

1 .2

0 .2

- 0 .0

1 .4

0 .8

5 .1

6 .9

3 .4

- 4 .3

- 9 .3

- 1 4 .7

- 1 5 .3

3-82

5 .6

5 .0

3 .0

2 .8

2 .0

1 .8

0 .9

0 .7

2 .1

1 .6

5 .5

7 .2

4 .2

-2.1

- 5 .8

- 9 .2

- 7 .8

t-7è

¿-7*

J- 7 *

4-76

1-7*

4-7*

1
-TÓ"

2-80

i- è o

4-80

1-81

¿-81

à-81

4-81

4 1 4 .8

- 3 8 .8

2-82

^4-77

RATES

2-82

2-7* " 5-7*

4 3 1 .5

1 7 .1
9 .4

1-82

4 4 1 .3

2-82

INITIAL

GRO SS

P R I V A T E D O M E S T IC I N V E S T M E N T I N 1 9 7 2
C O M PO U N D ED A N N U A L R A T E S O F C H A N G E

T E R M IN A L
Q UARTER

IN IT IA L
4-77

1-78

2-78

3-78

4-78

1-78

2 0 .5
1 2 .1

1 0 .2

4-78

1 0 .8

9 .2

1 .9

8 .3

6 .5

0 .9

3 .0

6 .8

5 .1

0 .6

1 .9

- 0 .7

1-80

2-80

3-80

4-80

1-81

2-81

3-81

4-81

1-82

- 1 .2

2-79

4-79

7 .2

1-79

3-79

B IL L IO N S OF
DO LLARS
ANNUAL R A T ES
2-82

2 5 .4

3-78

2-79

Q UARTER

1 5 .9

2-78

1-79

D O LLARS

2 2 6 .7
2 3 9 .9
- 3 .1

2 3 8 .0
2 4 2 .2
2 4 1 .5
- 0 .3

2 4 1 .3

4 .8

3 .1

- 0 .9

- 0 .3

- 2 .7

- 3 .5

- 6 .6

1 .5

- 0 .4

- 4 .1

- 4 .3

- 7 .0

- 8 .8

- 1 2 .8

1-80

0 .8

- 0 .9

- 4 .2

- 4 .3

- 6 .5

- 7 .8

2-80

- 3 .1

- 5 .0

- 8 .3

- 9 .0

- 1 1 .4

- 1 3 .3

3-80

- 3 .3

- 5 .0

- 7 .9

- 8 .5

- 1 0 .6

4-80

- 1 .4

- 2 .8

- 5 .3

- 5 .5

1-81

0 *4

- 0 .8

- 2 .8

H
♦
0

3-79
4-79

2 3 7 .2
- 1 8 .6

2 2 5 .3
- 4 .5

- 1 6 .3

- 1 9 .3

- 1 9 .7

- 3 2 .4

- 1 2 .0

- 1 4 .2

- 1 6 .0

- 1 5 .1

- 2 0 .0

- 5 .2

- 7 .0

- 7 .8

- 9 .0

- 9 .4

- 7 .0

- 7 .8

7 .8

2 2 .6

- 2 .8

- 3 .9

- 4 .2

- 4 .8

- 4 .4

- 1 .3

- 0 .5

1 3 .2

2 3 .8

1

—1 1 * 9

2 2 2 .7
2 0 1 .9
1 9 9 .2
2 0 9 .6
2 4 .9

2 2 1 .6

0 .4

- 1 .5

- 1 .3

- 2 .1

- 2 .2

- 2 .5

- 1 .9

1 .2

2 .4

1 3 .7

2 0 .8

1 9 .9

1 5 .0

1 .8

0 .8

- 0 .8

- 0 .6

- 1 .3

- 1 .4

- 1 .5

- 0 .8

2 .0

3 .2

1 2 .3

1 7 .2

1 5 .4

1 0 .9

4-81

0 .0

- 0 .9

- 2 .6

- 2 .5

- 3 .3

- 3 .5

- 3 .8

- 3 .5

- 1 .4

- 1 .0

5 .5

7 .8

4 .4

- 1 .6

- 9 .0

- 2 2 .6

1-82

- 2 .6

- 3 .6

- 5 .3

- 5 .5

—6 . 4

- 6 .8

- 7 .4

- 7 .5

—6 . 1

- 6 .3

- 1 .9

- 1 .3

- 5 .5

- 1 1 .8

- 1 9 .3

- 2 9 .9

- 3 6 .5

2-82

- 1 .7

- 2 .6

- 4 .2

- 4 .2

- 5 .0

- 5 .3

- 5 .7

—5 . 6

- 4 .2

o

0 .9

- 2 .3

- 7 .0

- 1 1 .9

- 1 7 .4

- 1 4 .6

1 4 .9

3-82

- 1 .3

- 2 .2

- 3 .6

- 3 .7

- 4 .3

- 4 .6

- 4 .9

- 4 .7

- 3 .4

- 3 .3

0 .7

1 .4

- 1 .3

- 5 .1

- 8 .6

- 1 2 .2

—8 . 4

1 0 .1

5 .4

4-77

1-78

2-78

i —7 8

4-78

1-79

2-7*“

3-7*

4-7*

i- é ó

2-80

Ì- 8 Ó

4 —8 0

I —8 1

2-81

3-81

4-81

1-82

2-82




Tn IT Ia L

<
M

1 .4

T

2 r8 1
3-81

2 2 9 .5
7 .0

2 3 3 .4
2 1 8 .9
1 9 5 .4
2 0 2 .3
2 0 5 .0

Q U A R tE R

PREPARE) BY FEOERAL RESERVE
N O V E M B E R 19» 1 9 8 2

16

B A N K O F ST. L O U I S

G O V E R N M E N T P U R C H A S E S O F G O O O S A N O S E R V I C E S IN C U R R E N T D O L L A R S
________ C O M P O U N D E D ANNUAL R A T E S O F C H A N G E ___________________________

TERMINAL______________ ______________________________________________ INITIAL QUARTER_________

B ILLIO NS

_____ ______

DOLLARS

Q UARTER

ANNUAL
4-77

1-78

2-78

8 .2

4-78

1-79

2-79

3-79

4-79

1-80

2-80

3-80

4-80

1-81

2-81

3-81

4-81

1-82

2-82

1 1 .7

1 0 .4

3-78

4 .8

1
-4
C
D

1-78

2-78

OF

RATES

4 1 2 .8
4 2 4 .4

1 3 .3

1 4 .8

4-78

1 0 .6

1 2 .6

1 3 .0

1 1 .2

1-79

9 .5

1 0 .7

1 0 .3

8 .2

5 .2
6 .0

4 3 9 .3
4 5 1 .1
4 5 6 .9

2-79

9 .0

9 .9

9 .4

7 .7

3-79

9 .5

1 0 .3

1 0 .1

8 .9

8 .2

9 .7

1 2 .6

4-79

1 0 .4

1 1 .3

1 1 .2

1 0 .5

1 0 .3

1 2 .1

1 4 .8

1 6 .9

1-80

1 1 .3

1 2 .1

1 2 .2

1 1 .8

1 1 .9

1 3 .6

1 6 .0

1 7 .7

1 8 .5

2-80

1 1 .5

1 2 .3

1 2 .4

1 2 .0

1 2 .2

1 3 .6

1 5 .4

1 6 .3

1 6 .0

1 3 .6

3-80

1 0 .6

1 1 .2

1 1 .2

1 0 .7

1 0 .6

1 1 .6

1 2 .6

1 2 .5

1 1 .1

7 .6

6 .8

4 6 4 .5
4 7 8 .5
4 9 7 .6
5 1 9 .2
5 3 6 .0
1 .9

5 3 8 .5

4-80

1 1 .1

1 1 .7

1 1 .7

1 1 .4

1 1 .4

1 2 .3

1 3 .2

1 3 .4

1 2 .5

1 0 .6

9 .1

1 6 .8

1-81

1 1 .3

1 1 .9

1 1 .9

1 1 .6

1 1 .7

1 2 .5

1 3 .3

1 3 .4

1 2 .7

1 1 *3

1 0 .6

1 5 .2

1 3 .7

5 5 9 .8
5 7 8 .1

2-81

1 0 .7

1 1 .2

1 1 .2

1 0 .9

1 0 .8

1 1 .5

1 2 .1

1 2 .0

1 1 .2

9 .7

8 .8

1 1 *2

8 .5

3 .6

3-81

1 0 .8

1 1 .3

1 1 .3

1 1 .0

1 0 .9

1 1 .5

1 2 .1

1 2 .0

1 1 .3

1 0 .1

9 .5

1 1 .5

9 .7

7 .8

1 2 .2

4-81

1 1 .3

1 1 .8

1 1 .8

1 1 .5

1 1 .6

1 2 .2

1 2 .7

1 2 .7

1 2 .2

1 1 .3

1 0 .9

1 2 .8

1 1 .9

1 1 .3

1 5 .3

1 8 .6

1-82

1 0 .8

1 1 .2

1 1 .1

1 0 .9

1 0 .8

1 1 .3

1 1 .7

1 1 .6

1 1 .1

1 0 .2

9 .7

1 1 .0

9 .9

9 .0

1 0 .9

1 0 .2

2 .4

2-82

1 0 .2

1 0 .5

1 0 .4

1 0 .1

1 0 .1

1 0 .4

1 0 .7

1 0 .6

1 0 .0

9 .0

8 .5

9 .5

8 .3

7 .2

8 .2

6 .9

1 .5

0 .5

3-82

1 0 .3

1 0 .6

1 0 .5

1 0 .3

1 0 .2

1 0 .6

1 0 .9

1 0 .7

1 0 .2

9 .3

8 .9

9 .8

6 .8

8 .0

9 .0

8 .2

4 .9

6 .2

1 2 .1

4-77

i- 7 é

¿- 7 0

3-78

4-78

1-79

2 - t^

3-79

4-79

1-80

2-80

3-80

4-80

1—8 1

2-81

3-81

4-81

1-82

2-82

583 .2
6 0 0 .2
6 2 6 .3
6 3 0 .1
6 3 0 .9
6 4 9 .2

I n it i a l quarTér

GOVERNMENT PURCHASES O GOOOS AN SERVICES IN 1972 DOLLARS
F
O
COM
POUNDED ANNUAL RATES OF CH
ANGE
TERMINAL
QUARTER
4 -7 7

BILLIONS OF
DOLLARS
ANNUAL RATES

INITIAL QUARTER
1-78

2-78

3-78

4-78

1-79

2-79

3-79

4-79

1-80

2-80

3-80

1-78

1.6
2 .7

4 .8

4 -78

2 .3

3.6

3 .0

1.5

2 .2

1 .4

- 0 .3

1.3

1 .9

1.2

0 .0

— .6
0

1.5

2.1

1.5

0 .7

0 .5

1 .7

1.8

2 .3

1.8

1 .3

1.3

2 .3

3 .2

3 .5

1-80

2 .1

2 .6

2 .3

1 .9

2 .0

3 .0

3 .8

4 .3

5.1

2-80

2 .2

2 .7

2 .4

2 .1

2 .2

3 .0

3 .6

3 .9

4 .1

3 .1

1.6

1.2

1.2

1.7

1.9

1 .6

1 .0

-O i9

- 4 .8

1 .4

1 .0

1.0

1 .4

1 .5

1 .3

0 .7

-0 .7

- 2 .6

2-82

2 .9

4 -7 9

1-82

0 .6

3 -79

4-81

- 1 .9

2-79

3-81

1 .3

1-79

2-81

4.8

3-78

1-81

- 1 .5

2-78

4 -8 0

- 0 .3

270 .4

3-80

1 .6

1 .9

4 -80

1 .4

1.7

2 7 3 .6
4 .8

276.8
2 7 7 .7
2 7 6 .4
276.8
2 7 8 .8
28 1 .2
2 8 4 .7
2 8 6 .9
2 8 3 .4
2 8 3 .2

1-81

1 .7

2 .0

1.7

1 .4

1 .4

1 .9

2 .0

1 .9

1 .6

0 .7

- 0 .0

2 .4

5.2

2-81

1 .3

1.5

1.2

0 .9

0 .9

1.2

1.3

1.0

0 .6

-0 .2

- 1 .0

0 .2

0 .5

- 4 .0

3-81

1 .4

1.7

1.4

1.1

1.1

1 .4

1.5

1 .4

1.1

0 .4

— .1
0

1.1

1.5

- 0 .3

3 .6

4-8 1

1.8

2 .0

1.8

1.6

1.6

1.9

2 .1

2 .0

1 .8

1 .3

1.0

2 .2

2 .9

2 .1

5 .3

7 .0

1-82

1 .5

1 .7

1.5

1.3

1.3

1 .5

1.6

1 .5

1.3

0 .8

0 .5

1 .4

1 .7

0 .8

2 .5

2 .0

2 8 6 .8
283 .9
28 6 .4
2 9 1 .3
-2 .9

28 9.2

2-82

1 .1

1.3

1.1

0 .8

0 .8

1.0

1 .0

0 .8

0 .6

0 .1

- 0 .3

0 .4

0 .5

- 0 .4

0 .5

- 0 .5

-4 .1

-5 .3

3-82

1.4

1 .6

1.4

1.2

1.2

1 .4

1.4

1 .3

1.1

0 .7

0.5

1.2

1.4

0 .7

1 .7

1 .3

- 0 .6

0 .6

6 .8

4-77

1-78

2-78

3-78

4-78

1-79

2-79

3-79

4-79

1-80

2-80

3-80

4-80

1-81

2-81

3-81

4-81

1-82

2-82




28 5 .3
29 0.0

INITIAL QUARTER

17

P R E P A R E D B Y F E D E R A L R E S E R V E B A N K O F ST. L O U I S
N O V E M B E R 19, 1 9 8 2

D I S P O S A B L E P E R S O N A L IN C O M E I N C U R R E N T D O L L A R S
CO N FO U N D ED A N N U A L R A T E S O F CHANGE
T E R M I N A L ________________________________________________________________________ I N I T I A L

Q U A R T E R __________________________________________

QUARTER

4-77

1-76

2-78

3-78

4-78

1-79

2-79

3-79

1-78

11*6
12 »1

13.3

12*3

13.2

13 .0

12*3

12 .9

1 2 .7

12 .6

11*6

12.2

11 .9

11 .5

10.8

12.0

12 .4

12.1

11 .9

11.5

11.2

11.7

12.0

11.8

11 .5

11.2

10.8

11.5

3-81

4-81

1-82

2-82

13.0

4 -7 9

2-81

9 .5

3-79

1-81

12.1

2 -7 9

4-80

1 3 .0

1-79

3-80

1 3 .0

4-78

2-80

13.6

3-78

1-80

9 .7

2-78

4-79

B IL L IO N S OF
D O LLA RS

______

10.1

ANNUAL RATES
1 ,4 0 5 .7
1 ,4 5 1 .3
1 ,4 9 6 .2
1 ,5 4 2 .7
1 ,5 6 7 .5
1 ,6 2 4 .0
1 ,6 7 4 .3
1 ,7 1 4 .9

1-60

11.6

12.1

1 1 .9

11.7

11.5

11.3

11.9

11.4

12.7

2 -6 0

11 .0

11.1

10.8

10 .5

1 0 .0

9 .6

9 .7

8 .6

7 .9

3*2

3 -80

11.3

11.5

11 .3

11.1

10.6

10.6

10.8

10.2

10.3

9*1

15*3

4 -6 0

11.5

11.6

11 .4

11.3

11.1

10.9

11.1

10.8

11.0

10*4

14.2

13 .0

1-61

11.5

11.7

11.5

1 1 .4

11.2

11.1

11*3

11*0

11.2

10*9

13*5

12.6

12.3

1 ,7 6 6 .9
1 ,7 6 1 .0
1 ,6 4 5 .5
1 ,9 0 2 .9
1 ,9 5 8 .7

2-61

11.3

11 .4

11.2

11.1

10 .9

10.7

10.9

10.6

10*7

10*3

12*1

11.1

10 .1

7 .9

3 -81

1 1 .4

1 1 .5

11 .4

11.2

11 .1

1 1 .0

11*1

10.9

11*0

10*8

12*3

11.6

11*2

10*6

13*3

4 -6 1

11.2

11.3

11.2

11 .0

1 0 .9

1 0 .7

10.9

10 .6

ID* 7

10 .4

11*7

10 .9

10*4

9*8

10*8

8 .3

1-62

10.7

10.8

10 .6

10 .4

10.2

10.1

10.1

9 .8

9.6

9 .5

10*4

9 .6

8 .9

6 .1

8.1

5 .6

3 .0

2-82

10.5

10.5

10.3

10.2

10 .0

9 .8

9 .6

9 .5

9.5

9 .1

9 .9

9 .2

6 .5

7 .6

7 .8

6 .0

4 .6

6 .7

3-82

10 .4

10.5

10.3

10.1

9 .9

9 .8

9 .8

9 .6

9.5

9*2

9 .9

9 .2

8 .7

6 .1

8 .1

6 .9

6 .4

6 .2

9 .7

4-77

l-? d

2-7Ö

3-78

4-70

1-79

2-7*

3-7*

4-79

l-* 0

3-6 Ö

4—
60

1-61

2—
61

3-81

4-81

1-82

2-82

1,996*5
2 ,0 6 0 .0
2,1 0 1 *4
2 ,1 1 7 .1
2 ,1 5 1 .5
2 ,2 0 1 .7

INITIAL

DISPOSABLE PERSONAL INCONE IN 1972 DOLLARS
COM
POUNDED ANNUAL RATES OF CHANGE
TERMINAL
QUARTER

BILLIONS OF
DOLLARS
ANNUAL RATES

INITIAL QUARTER
4 -7 7

1-78

2-78

1-76

3 .5
3 .9

4 .3

4 .0

4 .3

4 .5

2-79

3-79

4-79

1-60

2-60

3-60

4-80

1-61

2-61

3-81

4-81

1-82

2-82

4 .7

4 -76

1-79

3 .9

3-78

4-78

3 .1

2 -78

3 -78

9 7 3 .4
982.8
994.2
4 .3

1 ,0 0 4 .6

1-79

3 .7

3 .9

3 .9

3 .4

2 .5

2-79

3 .1

3 .1

2 .9

2 .4

1 .4

0 .2

1 ,0 1 1 .1

3 -79

3 .2

3 .2

3 .0

2 .6

2 .0

1 .7

4 -7 9

2 .8

2 .7

2 .5

2 .1

1 .5

1.2

1.7

0.1

1-80

2 .6

2 .5

2 .3

1 .9

1.4

1.2

1.5

0 .6

2 -6 0

1 .6

1 .5

1.1

0 .6

0 .0

- 0 .4

- 0 .6

- 1 .9

-2 .8

- 6 .6

3 -60

1 .9

1 .6

1.6

1 .2

0 .8

0 .5

0 .5

- 0 .2

-0 .2

-0 .9

5.1

4 -8 0

2 .0

1 .9

1.7

1 .4

1 .0

0 .8

0 .9

0 .5

0 .4

4 .1

3 .0

1-61

2 .1

2 .1

1 .9

1 .6

1 .3

1.2

1.3

1 .0

1 .2

3 .9

3 .3

3 .7

2 -61

2 .0

2 .0

1.8

1 .5

1 .3

1.1

1.2

0 .9

1 .1

3 .1

2 .4

2.1

1 ,0 1 1 .7
3.2

1 ,0 1 9 .6
1 ,0 2 0 .1
1 ,0 2 2 .8
1 ,0 0 5 .5
1 ,0 1 8 .2
1 ,0 2 5 .7
1 ,0 3 5 .0
0 .6

1 ,0 3 6 .6
1 ,0 4 8 .8

3 -6 1

2 .2

2 .2

2 .0

1 .6

1.6

1.5

1.6

1.4

1 .7

3 .4

3 .0

3.0

2 .7

4 .8

4 -61

2 .2

2 .1

2 .0

1.8

1 .5

1 .4

1«6

1.4

1 .6

3 .1

2 .6

2 .6

2 .2

3 .0

1.2

1-62

1 .9

1 .6

1.7

1 .5

1.3

1.2

1.3

1.1

1 .2

2 .3

1 .9

1 .7

I .1

1.3

— .4
0

- 1 .9

2 -62

2.0

1 .9

1.8

1 .6

1 .4

1.3

1.4

1.2

1 .4

2 .4

2 .0

1.9

1.5

1.6

0 .8

0 .6

3 .1

3-62

2.0

1 .9

1.8

1 .6

1.5

1.4

1 .5

1 .3

1 .5

2 .4

2 .1

1.9

1 .7

1.9

1 .2

1 .1

2*7

4-77

1-76

2-78

i—
78

4-7 8

1-79

¿-79

3-79

1-80

2-80

3-80

4-60

1-61

2-61

3-61

4-81




4-79

1 ,0 5 1 .9
1 ,0 4 6 .9
1 ,0 5 4 .6
2 .3

1 ,0 6 0 .9

1-82 ^ - 8 2

INITIAL QUARTER

PREPARED
N O VEM B ER

18

BY FED ER A L
19# 1 9 8 2

RESERVE

BANK ^ ^ T T T O U l T

CORPORATE PROFITS AFTER TAXES*
C O M P Q U N O g Q A N N U A L R A T E S OF C H A N G E
TERMINAL

B I L L I O N S OF
0 0 LLARS
ANNUAL RATES

INITIAL QUARTER

QUARTER

4-77

1-78

2-7 8

3-78

4-78

1-79

2-79

3-79

4-79

1-80

2-80

3-80

4-80

1-81

2-81

3-81

4-81

1-82

2-82
1 2 9 .6
1 4 4 .1

2 7 .0

33 *8

1 7 .1

2 7 .6

3 2 .3

2 3 .1

2 9 .5

2 2 .3

2 4 .4

1 6 .1

1 5 .6

1 9 .9

2 1 .0

1 4 .2

1 3 .2

1 8 .9

1 9 .6

1 3 .9

1 3 .1

B .2

1 4 .8

1 4 .8

9 .4

8 .0

3 .2

1 5 .4

1 5 .5

1 1 .0

1 0 .0

6 .5

0.1
8 .3

7 .7

3 .6

8 .1

7 .5

3 .8

2 .4

- 0 .6

7 .6

4-78

4 .3

3 .1

0 .5

3 .8

0 .5

- 0 .9

2-80
3-80

2-61

1 4 9 .9
1 5 9 .9
1 6 1 .2
1 6 4 .5

5 .8
1 0 .7

1 6 9 .6

1 3 .0
0 .6

1 7 2 .9

7 .3

6 .9

-2.2

- 8 .5

- 1 2 .3

- 1 9 .4

- 2 3 .5

- 5 1 .5

2.0

- 2 .2

- 4 .2

- 6 .1

- 7 .3

- 1 8 .7

3 6 .2

- 1 .1

- 2 .6

- 5 .5

- 4 .2

- 1 1 .2

2 0 .0

5 .6

- 1 .0

- 3 .2 - 1 .7

- 6 .5

1 6 .3

7 .4

9 .2

- 1 2 .6

1 .3

- 8 .2

- 1 4 .5

- 3 3 .0

- 8 .7

3 .6

- 3 .3

- 6 .1

- 1 2 .9

1 3 .2

- 9 .6

0 .3

- 5 .7

- 8 .3

- 1 3 .5

- 1 .8

- 5 .7

- 8 .1

0 .2

4 .5

1 6 5 .0

- 1 0 .4

- 2 .1

- 2 .6

-3.

- 5 .7

- 3 .2

- 3 .8

- 4 .9

- 7 .7

1 4 4 .3
1 5 5 .9
1 5 8 .1
1 6 1 .6
1 4 6 .2
1 5 0 .8

4-81

3 .7

3 .0

0.2

- 1 .0

1-62

- 2 .0

- 2 .9

- 5 .8

- 7 .3

- 9 .6

- 1 0 .6

- 1 2 .2

- 1 4 .4

- 1 4 .8

- 1 8 .4

- 1 2 .2

- 1 8 .4

- 2 2 .5

- 2 8 .8

- 2 7 .4

- 4 1 .8

- 6 0 .3

1 1 5 .0

2-8?

- 1 .6

- 2 .5

- 5 .2

- 6 .5

- 6 .7

- 9 .6

- 1 0 .9

- 1 2 .8

- 1 3 .1

- 1 6 .2

- 1 0 .2

- 1 5 .4

- 1 8 .5

- 2 3 .1

- 2 0 .5

- 2 9 .3

- 3 5 .6

1 1 6 .3

3-82

- 1 .1

- 1 .9

- 4 .4

- 5 .6

- 7 .6

- 6 .3

- 9 .5

- 1 1 .1

- 1 1 .2

- 1 3 .9

- 6 .2

- 1 2 .6

- 1 4 .9

- 1 8 .4

- 1 5 .1

- 2 1 .0

- 2 3 .0

7 .3

1 0 .0

4-77

1^78

2^78

5^75

4 - ?8

1^79

1-80

2-80

3-80

4-80

1-81

2-01

3-81

4-81

1-82

2-82

- 6 .3

5^79

4-^79

----------------------------------------------------------------------------*

P-

N A T IO N A L

IN C O M E

1 4 4 .9

- 1 4 .8

1 1 9 .IP

1n 1 T U l q ^ r Y É R

B A S IS

W t E U H IN A 'R Y
P ftÉ P A R E D
N O VEM BER

&Y F E D E R A L
1 9 , 1962

RESERVf

BANK

HISTO RICAL SOURCES OF
NATIONAL INCOME AND PRODUCT ACCOUNTS DATA

The NIPA e s t im a t e s f o r 19 2 9 -76 a re in The N a t io n a l Incom e
and P r o d u c t A c c o u n ts o f th e U n ite d S t a t e s , 1 9 2 9 - 7 6 :
S t a t is t ic a l
T a b le s (S t o c k number T5T73-010 -O 0 101 -1 » p r i c e 5 1 0 . 0 0 ) .
E s t im a t e s f o r
1 9 7 7 - 8 1 w i l l a p p e a r in th e J u l y 1982 S u rv e y C u r r e n t B u s i n e s s .
E s t im a t e s f o r th e p e r io d s s i n c e , a p p e a r in s u b s q u e n t is s u e s o f t h e
m o n th ly S u rv e y o f C u r r e n t B u s in e s s . T h e se p u b l i c a t i o n s p r e s e n t th e
r e s u l t s o f th e c o m p re h e n s iv e r e v i s i o n o f th e n a t io n a l incom e and
p ro d u c t a c c o u n ts d e s c r ib e d in th e December 1980 S u r v e y , and a r e
a v a i l a b l e fro m th e S u p e r in t e n d e n t o f D ocum ents, U .S . G overnm en t
P r i n t i n g O f f i c e , W a s h in g to n , D .C . 2 0 4 0 2 .
F o r f u r t h e r in f o r m a t io n , w r it e t o th e N a t io n a l Incom e and
W e a lth D i v i s i o n (B E - 5 4 ) B u re a u o f Econom ic A n a l y s i s , U .S . D e p artm e n t
o f Com merce, W a s h in g to n , D .C . 2 0 2 3 0 .




19

OF

ST.

IN VEN TO RIES

COMPARED

WITH

M A N U F A C T U R I N G

A N D

MONTHLY

SALES*

T R A D E

. 68

68

. 64

64

. 60

60

56

. 52

52

. 48

48

. 44

44

40

40

. 36

36

. 32

32
1968

1969

1970

* R AT I OS

BASED

ON

SHADE D

AREAS

REPRESENT

.ATEST

DA T A




197!

1972

SEASONALLY

PLOTTED

1973

ADJUSTED

PERIODS

SEPTEMBER

OF

1974

1975

1976

DA T A .

BUSINESS

1977

1978

SOURCE-,

1979

1980

11. S . D E P A R T M E N T

1981
OF

1982

C OMME R CE

RECESSIONS

PRELIMINARY

PREPARED

2 0

BY F E D E R A L

RESERVE

BANK

C:

. 0 UI


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102