Full text of National Economic Trends : June 1971
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n n n o n f l L economic t r e d d s PREPARED M O N T H E N D IN G : FEDERAL BANK OF The pace of e c o n o m ic re co ve ry fro m th e th e a c tiv ity p r e v io u s a u t o m o b ile has ye ar, been m o re r e f le c t in g s tr ik e in th e 2 2 , 1971 j une r a p id to a fo u rth in la r g e q u a rte r 4.3 p e r c e n t a n n u a l r a t e fr o m D e ce m b e r 197 0 t o M a y 1 9 7 1 , c o m p a re d w it h a 3.9 p e r c e n t d e c lin e i n th e p r e c e d in g y e a r and a 4.8 p e r c e n t a n n u a l r a t e o f i n c r e a s e fro m 1965 t o 1969 ( p a g e s 4 an d 5 ) . P a y r o l l e m p lo y m e n t in c r e a s e d a t a 1.8 p e r c e n t a n n u a l r a t e fro m D e ce m b er 1970 to M ay 1 9 7 1 , co m p a re d w it h a 0.8 p e r c e n t d e c lin e in th e p r e c e d in g 12 m o n th s ( p a g e s 2 a n d 3 ) . P a y r o l l e m p l o y m e n t r o s e a t a 3. 7 p e r c e n t a n n u a l r a t e fro m 1965 t o 1 9 6 9 . T h e u n e m p lo y m e n t r a t e a v e r a g e d 6 #1 p e r c e n t o f t h e l a b o r f o r c e i n t h e t h r e e - m o n t h p e r i o d fro m M a rc h t o M ay 1 9 7 1 , co m p a re d w it h a 5.8 p e r c e n t a v e r a g e r a t e in th e p r e v io u s 6 m o n th s. of 1970. ST. L O U IS RELEASED: 1971 th a n d u r in g e x te n t RESERVE 3 1 , 1971 H ay e a r ly BY In d u s t r ia l p r o d u c tio n ro se at a in c o m e i n c r e a s e d a t a 9 p e r c e n t a n n u a l r a t e 19 70 a n d M ay 1 9 7 1 , c o m p a re d w it h a 4.9 p e r c e n t r a t e i n t h e l a s t 6 m o n t h s o f 1 9 7 0 a n d 6. 3 p e r c e n t i n t h e f i r s t 6 m o n th s o f 1970 (p a g e s 6 a n d 7) . R e t a il s a le s ro se a t a 9 per c e n t a n n u a l r a t e fr o m A u g u s t 1 9 7 0 , th e l a s t m o n th b e f o r e th e 1970 a u t o m o b ile s t r i k e , t o A p r i l 1 9 7 1 , c o m p a re d w it h a 4.9 p e r c e n t i n c r e a s e i n th e y e a r e n d in g A u g u s t 1970 (p a g e s 6 and 7 ) . P e rso n al b e tw e e n D ecem ber The ra te c o m m o d it ie s has in p r ic e s co nsum e r of r is e n in c r e a s e s in c e has in la s t d e c lin e d . w h o le s a le ye ar, and W h o le s a le p r ic e s th e of ra te p r ic e s in d u s t r ia l of of in c r e a s e in d u s tr ia l c o m m o d it ie s r o s e a t a 4.4 p e r c e n t r a t e i n t h e f i r s t 5 m o n th s o f 1 9 7 1 , co m p a re d w it h a 3.6 p e r c e n t in c r e a s e fr o m D e ce m b e r 1969 to Decem ber 1 9 7 0 . C o n su m e r p r i c e s r o s e a t a 3.5 p e r c e n t r a t e fro m D e ce m b e r 1970 t o M ay 1 9 7 1 , c o m p a re d w it h a 5.5 p e r c e n t in c r e a s e i n t h e t w e l v e - m o n t h p e r i o d e n d i n g D e c e m b e r 1 9 7 0 ( p a g e s 12 a n d 1 3 ) . The d e c lin e in 1971 r e f l e c t s not e x p e cte d th e in to ra te p art a of in c r e a s e fa ll c o n t in u e . in in co n su m e r m o rtg a g e p r ic e s in t e r e s t ra te s in e a r ly w h ic h is 2 TOTAL C IV IL IA N EMPLOYMENT COMPOUNDED ANNUAL RATES OP CHANGE T f M i m ________ MONTH I N IT IA L ------- LSr-6? U “6? 11- 69 1 2 -6 9 - \Z-W 1- 7 0 2-70 3-70 »«70 5-70 6- 70 7-70 THOUSANDS OF PERSONS MONTH 8-70 9 - 7 0 10 - 70 11 - 7 0 1 2 - 7 0 1- 71 2- 7 1 3-71 4-71 7 8 , 543 - U 4 __________ 2. 1 78 , 7 2 8 2«9 10 - 69 11- 69 12 - 69 1-70 2-70 3-70 4-70 5-70 6-70 7-70 8-70 9 - 7 0 1 0 - 7 0 11 - 70 1 2 - 7 0 1- 71 2- 71 3-71 4-71 I N I T I A L MONTH PREPARED BY FEDERAL RESERVE BANK OF S T . JUNE 4 , 1971 LOUIS PAYROLL EMPLOYMENT COMPOUNDED ANNUAL RATES OF CHANGE TERMINAL ....... . ....... .. HONTH _________10- 69 11- 69 12 - 69 11- 69 -Q.. 5 12-6.9 CU1 -1=7.0.. INITIAL 1—70 2-70 3-70 4- 70 5-70 6-70 7-70 THOUSANDS OF PERSONS MONTH 8-70 9 - 7 0 1 0 - 70 11 - 70 1 2 - 7 0 1- 71 2- 71 3- 7 1 4-71 70 , 808 70 , 842 70 , 992 ■_L«*.. 10 - 6 9 11 - 69 12- 69 1- 7 0 2-70 3-70 4-70 5-70 6-70 7-70 IN ITIA L 8-70 9 - 7 0 1 0 - 7 0 11 - 7 0 1 2 - 7 0 1- 71 2- 7 1 3-71 4- 7 1 MONTH PREPARED BY FEDERAL RESERVE BANK OF S T . JUNE 4 , 1971 LOUIS 3 E MP L OY ME N T RATIO RATIO SCALE MILLIONS OF PERSONS SEASONALLY MI L L IONS ADJUSTED OF SCALE PERSONS 90 80 70 60 1963 1964 1965 1966 1967 1968 1969 SOURCE: P ER C ENT A GES ARE ANNUAL RATES L A T E S T DATA PLOT T E D: OF CHANGE FOR P E R I O D S 1970 U.S.DEPARTMENT 1971 OF LABOR INDICATED. MAY P R E L I M I N A R Y PREPARED BY FEDERAL RESERVE BANK OF ST. LOUI S 50 4 INDUSTRI AL PRODUCTION TERMINAI MONTH 10 - 6 9 11 - 69 12- 69 INITIAL 1- 70 2- 70 3-70 4-70 5-70 6-70 1957-»59 = 10O MONTH 7- 7 0 8- 7 0 9 - 7 0 1 0 - 70 11 - 70 12 - 7 0 1- 71 2- 71 3-7! 4-71 -11.2 12- 69 -6.7 -2.1 1- 70 -6.1 -3.5 -4.8 2- 70 -4.4 -2.1 -2.1 3- 70 -2.8 -0.5 0. 0 2.5 4.3 i o -3.3 -1.7 -1.6 -0.5 -1.1 -6.1 jt >Ii o 171. 4 11- 69 -4.0 -2.8 -2.9 -2.4 -3.5 -7.1 ... -1.71 9.X........ 1 7 0. 4 0.7 ... .... 17 U1 170. 2 -8.1 169. 0 168. 8 6- 7 0 -3.7 -2.6 -2.7 -2.2 -3.0 -5.3 -4.8 7- 70 -3.0 -1.9 -1.9 -1.4 -1.8 -3.3 -2.3 -1.4 0.7 2.9 8- 70 -3.0 -2.0 -2.0 -1.6 -2.0 -3.2 -2.4 -0.5 0.0 9-70 -A .6 -3.9 -4.1 -4.0 -4.7 -6.1 -6.1 -5.6 169. 2 16 8. 8 -2.« 165. 8 0 1 o -6 .9 -11.5 -10.4 -6.2 -5.8 -6.1 -6.3 -7.1 -8.7 -9.1 - 9 . 3 -11.1 11- 70 -6.? -5.8 -6.1 -6.2 -7.0 -8.3 -8.6 - 8 . 7 - I * . 1 -13.0 -16.2 -14.6 12- 70 -4.3 -3.8 -3.9 -3.8 -4.3 -5.2 -5.1 -4.6 - 1 5 . 3 - 21 .0 - 2 2 . 6 -5.1 -6.7 _ -7.6 162. 3 161. 5 -5.8 -3.3 8.0 23.8 164. 4 1- 71 -3.5 -2.9 -3.0 -2.8 -3.1 -3.8 -3.6 -3.0 -3.2 -4.2 -4.5 -0.4 8.4 16. 2 9. 1 2- 71 -3.4 -2.9 -3.0 -2.8 -3.1 -3.8 -3.5 -3.0 -3.2 -4.0 -4.2 -0.9 5.5 9.5 3.0 -2.9 3- 71 -3.1 -2.6 -2.6 -2.5 -2.7 -3.3 -3.0 -2.5 -2.6 -3.3 -3.3 -0.4 4.8 7.6 2.7 -0.4 2. 2 4- 71 -2.7 -2.2 -2.2 -2.0 -2.2 -2.6 -2.4 -l.R -1.8 -2.4 -2.3 0.4 4.9 7.1 3.3 1. 5 3.7 5.2 5- 71 -2.1 -1.6 -1.6 -1.4 -1.5 -1.9 -1.6 -1.0 -l.n -1.3 -1.2 1.4 5.3 7.3 4.3 3. 1 5. 2 6.7 8.2 10 - 69 11- 69 12- 69 1- 70 2- 7 0 3- 70 4- 7 0 5- 7 C 6-7« 7- 7 0 8-70 9 - 7 0 10- 70 11- 70 12 - 70 1- 71 2- 71 3- 71 4- 71 16 5. 6 t65.2 165. 5 1 6 6 . 2P 1 6 7 . 3P I N I T I A L MONTH P - PRELIMINARY PREPARED BY FEDERAL RESERVE BANK OF ST* LOUI S JUNE 15, 1971 5 INDUSTRIAL RATIO PRODUCTION RATIO SCALE 1957-59-100 SEASONALLY ADJUSTED PER CENT A GES ARE ANNUAL R AT ES OF CHANGE FOR P E R I O D S LATEST DATA PLOTTED: SCALE 1957-59-100 INDICATED. MAY P R E L I M I N A R Y PREPARED BY FEDERAL RESERVE BANK OF ST. LOUI S ó RETAI L SALES COMPOUNDED ANNUAL RATES OF CHANGE n i L L I uri O \jr DOLLARS 1 - 70 2- 7 0 3-70 4-70 5-70 6-70 7- 7 0 8- 7 0 9-70 ° 9 - 6 9 10- 69 11- 69 12- 69 ? I N I T I A L MONTH TERMINAI MONTH 11 - 70 12- 70 1- 71 2-71 3- 7 1 29 , 620 10- 6 9 15 . 9 11- 69 4.4 -5.9 I 2- 6 9 7. 2 -4.0 -2.1 1- 70 1. 2 -0.7 2. 0 6.3 7- 70 6.0 1. 7 7. 1 12. 0 18. 0 1-7(1 1. 7 1. 5 1. 4 5.1 4.8 -6.9 4- 7 0 7_*6_ 6.1 8.9 11. 8 13. 7 11. 7 34. 0 __5r_!0 „ 6.4 5.2 __ ?*JL 9,8 7. 1 15. 0 -1.3 6-70 *>.8 4.6 7.9 5.5 10. 0 -0.4 29, 471 29 , 419 6. 7 7.6 2 9 , 570 2 9 , 980 29, 801 30,536 30,502 30 , 5 1 8 0. 6 7 - 7 0 ___ 6. 1 5. 0 6. 5 7. 8 8. 0 6. 1 9. 6 2.6 4.5 8. 6 a—t o 5. 7 4. 7 6. 0 7.0 7. 1 5.4 8. 1 2.4 1.7 5. 1 ______3 0 , 7 2 9 ____ 2.0 30, 781 ro/ s T Q ./ /o 30,885 9-70 5.6 4. 7 5. 8 6.7 6.7 5. 2 7. 4 2.8 3. 8 4.9 3. 1 4.1 10- 7 0 4.0 3. 1 3.9 4.6 4.4 2.8 4.3 -0.0 0.3 0.2 -2.5 -4.7 2.9 I.8 2.5 2.9 2.6 1. 0 2.1 -I . 8 -1.9 -2.4 -5.0 - 7 . 2 - 1 2 . 5 - 12 .1 30,20« 30 , 481 1 7- 70 1. 1 7. 5 1 ._A*A_ 7- 7 1 5.6 5. 0 30 , 534 -12.8 1. 7 1.6 1.4 2. 0 3. 1 -0.3 -0.1 -0.2 -1.9 -2.9 -5.1 -1.0 11 . 4 4.9 5.4 5.4 4.3 5. 5 2.7 3. 2 3.6 2.8 2.9 2.6 8.4 20.3 30. 0 5.8 6.4 6. 4 5.4 6.6 4.2 4.9 5.4 5.0 5.5 5.7 11. 0 19.9 24 . 4 31,154 31, 611 19.1 6.7 6.2 7.0 7.7 7.8 7.0 8.3 6.2 7.0 7. 7 7.6 8. 4 9. 1 14. 2 21.9 25 . 6 23.4 4 - 7 1_ 7. 1 6.6 7. 4 8.0 A .1 7.5 8. 7 6.8 7.5 8. 3 8.2 9.0 9.7 14. 0 20 . 1 22.4 20.0 20 . 4 32, ?66P \ 13. 3 J_____ 3?*604P___ 13- 69 1 1- 69 12- 69 1- 70 2- 7 0 3-70 4-70 6-70 7- 7 0 8- 7 0 9-70 10- 70 1 1 - 7 0 12- 70 1- 71 2- 71 1- 71 9-69 1 -j o 1-71 27.9 INITIAL MONTH P- PRELIMINARY PERSONAL INCOME COMPOUNDED ANNUAL RATES OF CHANGE TERMINAL MONTH 10- 69 INITIAL U-69 12- 69 L- 70 2- 7 0 3-70 4- 70 5-70 6-70 PREPARED BY FEDERAL RESERVE BANK OF S T . JUNE 10, 1971 BI L L I O N S OF DOLLARS ANNUAL RATES MONTH 7- 70 8-70 9-70 10- 70 11- 70 1 2 - 7 0 1 1- 69 6. 3 12-69 6. 1 5.9 1- 70 5. 9 5.7 5. 6 2- 70 5. 9 5.8 5. 7 5. 9 3- 70 6.7 6.8 7. 0 7. 8 9.8 4-70 10. 5 11. 4 12. 8 15. 3 20 . 3 31.9 5- 70 7. 5 7. 7 a. l 8. 7 9.6 9.6 -9.0 6- 70 6. 2 6.2 6. 3 6.4 6.5 5.5 -5.7 -2.2 7- 70 6.4 6.4 6. 5 6.7 6.8 6. 1 -1.3 2.7 7. 9 8- 70 6. 2 6.2 6. 3 6.4 6.5 5. 8 0. 1 3. 4 6.3 4. / 9- 7 0 6.4 6.5 6. 5 6.6 6.8 6.3 1. 8 4.6 7.0 6.6 8. 5 10- 70 5.6 5.6 5. 5 5. 5 5. 5 4.9 1. 0 3. 1 4.5 3. 3 2. 6 11- 7C 5. 5 5.5 5. 4 5. 4 5. 3 4. 8 1. 4 3.3 4.4 3. 5 3. 1 0.5 4. 1 1- 71 2- 71 ? - 71 4- 7 1 77 0. 6 774. 3 777. 8 781. 5 787.6 806. 0 79 9 . 7 79 8. 2 80 3 . 3 806. 4 811.9 -2.9 809.9 81 2 . 6 12- 70 5. 7 5.6 5. 6 5. 6 5. 6 5. 1 2. 1 3.8 4.9 4.3 4.2 2.8 5.8 7.5 1-71 6.3 6.3 6. 3 6.4 6.4 6. 1 3. 6 5,2 6. 4 6. 1 6.4 5.8 8.9 11. 4 15.5 2- 71 6. 2 6.2 6. 2 6.2 6.3 5.9 3. 6 5. 2 6. 1 5. 9 6.0 5.6 7. 8 9.1 9.8 8 1 7. 5 8 2 7. 4 4.4 830.4 3-71 6.4 6.4 6. 4 6.5 6.5 6. 2 4.2 5.6 6.5 6. 3 6.5 6.2 8.2 9.2 9.8 7. 0 9.7 4- 71 6. 4 6.4 b. 4 6.5 6.5 6.3 4.4 5.7 6.5 6. 4 6.6 6.3 7.9 8.7 9.0 6.9 8.2 6 .8 6.6 6.6 6.7 6,5 4. 7 6.0 6.7 6.6 6.8 6.6 8. 1 8.7 9.0 7.4 8.4 7. 8 8.9 11- 69 12- 69 1- 70 2- 7 0 3-70 4- 7 0 5- 7 0 6-70 7- 70 9 - 7 0 10- 70 11- 70 1 2 - 7 0 1-71 2- 71 3 - 71 4- 7 1 ..... 5- 71 . 6 , 5 ...._6, 5 . 10- 69 LOUI S P- PRELIMINARY INITIAL 8-70 836. 8 841. 4P 847. 4P MONTH PREPARED BY FEDERAL RESERVE BANK OF S T . JUNE _17, 1971 LOUIS 7 RETAI L SA LE S RATIO SCALE BILLIONS RATIO SCALE OF DOLLARS 1963 1964 BILLIONS S EAS O N A LLY A D JU S TE D 1965 1966 1967 1968 1969 SOURCEt PERCENTAGES ARE ANNUAL RAT ES OF CHANGE FOR P E R IO D S U .S . 1970 OF DOLLARS 1971 DEPARTMENT OF COMMERCE IN D IC A T E D . LA TEST DATA PLOTTEDt A P R IL P R E L IM IN A R Y PREPARED BY FEDERAL R E SE R V E BANK OF ST . PERSONAL RATIO SCALE T R I L L I O N S OF DOLLARS L O U IS INCOME RATIO SCALE MONTHLY TO T A L S A T ANNUAL R ATES SEAS O N A LLY A D JU S TE D T R I L L I O N S OF DOLLARS 0.9 0. \ 0. 0.8 0. 0.7 0. 0.6 0. 0.5 0. 0.4 SOURCEt PERCENTAGES ARE ANNUAL RATES OF CHANCE FOR P E R IO D S U .S . DEPARTMENT OF COMMERCE IN D IC A T E D . L A T E S T DATA PLOTTEDt MAY P R E L IM IN A R Y PREPARED BY FEDERAL RE SE RV E BANK OF ST . L O U IS 8 GROSS NATI ONAL PRODUCT IN CURRENT DOLLARS TERMINAL OUARTER INITIAL 2-66 3 - 66 . 3- 6 6 4-66 1- 67 2-67 3-67 4-67 1- 6 8 2-68 3- 6 8 BI L L I O N S OF DOLLARS ANNUAL RATES OUARTER 4-68 1- 6 9 3- 6 9 2-69 4-69 1- 7 0 2-70 3- 70 4-70 755.9 7.0 770.7 4-66 7.5 8. 1 1- 67 5.6 5.0 1. 9 2- 6 7 5.5 5. 1 3.6 3- 6 7 6.2 6.0 5. 3 7.0 8.6 4-67 6.4 6.3 5.9 7.? 8.2 774.4 784.5 5.3 800.9 7.7 81 5 . 9 83 4 . 9 1- 68 6.9 6.9 6.6 7.8 8.7 8.7 9.6 2- 68 7.4 7.5 7.4 8.6 9.4 9.6 10. 6 11 . 6 3- 6 8 7.6 7.6 7. 6 8.5 9.2 9.4 9.9 10 . 0 85 8. 1 8.5 87 5. 8 891. 4 4- 6 8 7.5 7.6 7. 5 8.4 8. 9 8.9 9.3 9.1 7.9 7.3 1- 69 7.5 7. 6 7.5 8.3 8. 7 8.7 8.9 8.7 7.8 7.4 7.5 2- 6 9 7. 5 7.6 7. 5 8.2 8.5 8.5 8. 6 8.4 7.6 7.4 7.4 7.3 3- 6 9 7.6 7.6 7. 6 7. 8 7. 6 7.7 7.9 8.4 8.2 8. 5 8.5 8.6 8.4 907.6 923.7 94 2 . 6 i 4-69 7.3 7. 3 7. 3 7.8 8. 0 8.0 8.0 7.8 7. 1 6.9 6.8 6.5 6.2 3.9 1- 70 7.0 7. 1 7.0 7.4 7.6 7.5 7.5 7.2 6.6 6.3 6.1 5.7 5.2 3.6 3.3 2- 7 0 6,9 6.9 6.8 7.2 7. 4 7.3 7.2 6.9 6.4 6.1 5.9 5.6 5.1 4.1 4.1 951.7 \+5.5% 4.9 959.5 971.1 \ 0 1 m 6.9 6.8 7.1 7. 3 7.2 7. 1 6.9 6.3 6. 1 5.9 5.6 5.3 4.6 4.8 5.5 6. 1 6.6 6.6 6.5 6.8 6.9 6.7 6.7 6.4 5.9 5.6 5.4 5.1 4.7 4.0 4.0 4.2 3.9 1.8 1-71 6.9 6.9 6. 8 7. 1 7.3 7.2 7. 1 6.9 6.5 6.3 6.2 6.0 5.9 5.5 5.8 6.4 6.9 7.3 13.0 2-66 3- 6 6 4-66 1- 67 2- 6 7 3- 6 7 4-67 1- 6 8 2-68 3- 6 8 4-68 1-69 2-69 3-69 4-69 1-70 2-70 3-70 o r» * 985.5 6.9 4-70 \ 989.9 1 1,020.7 I N I T I A L QUARTER PREPARED 8Y FEDERAL RESERVE BANK OF S T . MAY 14* 1971 GROSS NATIONAL PRODUCT IN CONSTANT 1958 DOLLARS INITIAL T ERMI NAL QUARTEP 2- 6 6 3-66 4-66 1- 67 2- 6 7 3- 67 4- 6 7 1- 68 2- 6 8 3- 68 QUARTER 4-68 1- 6 9 2-69 3- 6 9 4-69 1- 7 0 2-70 3- 70 LOUI S BI L L I ONS O f DOLLARS " "ANNlfAI ffATES ' 4-70 660.2 3- 6 6 3. 2 A—66 4.0 4. 9 1- 67 2. 4 1. 9 2- 67 2. 5 2.3 1.1 3.0 3- 67 7.0 2. 8 2. 2 3.7 4.4 4- 6 7 2. 9 2. 8 2. 3 3.4 3.6 2.8 1- 6 3 3.3 3. 3 3. 0 4.0 4.4 4.3 5.9 2- 68 3. 8 3. 9 3. 7 4.6 5. 0 5.2 6.5 7.0 3—68 3. 8 3. 9 3. 8 4.5 4.9 5. 0 5. 7 5.6 4. 1 3. 5 668.1 666.6 -0.9 671.6 678.9 68 3 . 6 69 3 . 5 705.4 71 2 . 6 71 7 . 5 4- 6 8 3. 7 3. 8 3. 6 4.3 4. 5 4.5 5. 0 4.6 1- 69 3.6 3.6 3. 5 4.1 4.2 4.2 4.5 4. 1 3.2 2.7 2.6 2- 69 3. 5 3.5 3. 4 3.9 4.0 3.9 4. 1 3. 7 2. 9 2.5 2.4 2.2 3- 69 3. 4 3.4 3. 3 3.8 3. 8 3.8 3. 9 3.6 2.9 2. 6 2.5 2.5 4-69 3. 1 3. 1 3. 0 3.3 3. 3 3. 2 3. 3 2.9 2.2 1.9 1. 6 1. 3 0.9 -0.9 1-7.0. 2.7 2. 7 2. 5 2.8 2. 8 2. 6 2. 6 2.2 1. 5 1. 0 0.7 0.2 -0.4 -1.9 - 2. , \ + 0 . 2 % 2- 7 0 2.6 2. ..5 2. 4 2.6 2. 6 2.4 2. 4 2.0 1. 4 1. 0 0.7 0.3 -0.2 -l.l -1.2 0.6 3- 70 2. 5 2.5 2. 3 2. 5 2. 5 2. 3 2. 3 1. 9 1.4 1. 0 0.8 0.5 0.1 -0.5 -0.3 1»0 4- 7 0 2. 1 2. 1 1. 9 2 P1 2.0 1. 8 1. 8 1, 4 0.8 0. 5 0.2 -0.1 -0.5 -1.2 -1.2 -0.6 -1.3 1- 71 2.4 2. 3 2.2 2.4 2.3 2. 2 2. 2 1. 8 1. 4 l.l 0.9 0.7 0.5 |T7 | 0.4 1__ ____1 1. 2 1. 4 1.5 2- 6 6 3- 66 4-66 1- 67 7- 6 7 3- 6 7 4-67 1- 68 2- 6* 3- 68 4-68 1- 6 9 2-69 1- 7 0 2-70 3-70 _ 2. 8 72 2. 1 726. 1 730.9 2. 7 3- 69 729,2 4-69 72 3. 8 72 4 . 9 727.4 1 . 4 ^ ^ -3.8 \ 72 0. 3 7.1^ 7 3 2. 7 4-70 IAL QUARTER PREPARED BY FEDERAL RESERVE BANK OF S T . MAY 14* 1 97 1 LOUIS 9 DEMAND RATIO SCALE TRILLIONS I QUARTERLY OF DOLLARS AND PRODUCTION TOTALS AT SEASONALLY ANNUAL RATIO RATES ADJUSTED TRILLIONS OF SCALE DOLLARS 0 . 0. 9 0 . 0.8 0 . 0.7 0 . 0 0 0.5 1963 1964 1965 LLGNP IN CURRENT D OL L A R S . 12.GNP IN 1966 1967 1968 S OURCE: 1969 U.S. 1970 DEPARTMENT 19 71 OF COMMERCE 1958 D O L L A R S . PERCENTAGES ARE ANNUAL R AT E S OF CHANGE FOR. P E R I O D S L A T E S T DATA PLOTTE D: INDICATED. 1ST QUARTER PREPARED BY FEDERAL RESERVE BANK OF ST. L OU I S . 6 10 FI NAL SALES IN CURRENT DOLLARS COMPOUNDED ANNUAL RATES OF CHANGE TERMI NAL OUARTER 2-66 . B I L L I O N S OF DOLLARS ANNUAL RATÉS 4-70i I N I T I A L IQUARTER 3- 6 6 4-66 1- 67 2-67 3- 6 7 4- 6 7 1- 68 2- 6 8 3 - 68 1- 69 4-68 2- 6 9 3- 69 2-70 1- 70 4-69 3- 70 744,0 3-6 6 9.6 4- 6 6 6.6 3.7 1- 67 7.0 5.7 2 - 67 7.3 6. 5 7.9 8.2 3 - 67 7. 1 6. 5 7. 4 7. 3 6.4 4- 6 7 .7*1 6.6 7. 3 7. 2 6.8 750.8 r \ X 764,8 780,0 792,2 8u5.9 7. 1 V 'O .I/ o 8.0 7. 8 8.6 8.8 9.0 10. 4 13. 8 8.0 7.7 8. 4 8.6 8.7 9.5 10. 7 832,3 7.7 84 7 . 8 867,6 3- 68 8.2 8.0 8.6 8.8 8.9 9.5 10. 3 8.7 4-68 8. 0 7. 9 8. 4 8.5 8, 5 9.0 9.5 8. 1 8,3 6.9 1- 69 8. 1 7.9 8. 4 8.5 . 8.5 8.9 9.3 8.2 8.3 7.7 8.5 2-69 8. 0 7.9 . 8.3.. 8.3 8,4 8.6 _ 8.9 8.0 8.0 7, 5 7. 8 3- 6 9 7. 9 7.8 8. 2 8.4 8.6 7.8 7.8 7,3 7.5 7.0 4-69 7. 8 7. 6 8.0 8. 1 8. 3 7.5 7. 5 7.0 7. 1 6.6 8 8 2, 1 900.2 915,9 7.2 931,2 6.3 944.5 957.9 1- 70 7.6 7. b 7. 8 7. 8 7.8 7.9 8.0 7.3 7. 2 6.8 6,8 6.4 6.2 2- 7 0 7.4 7. 3 7. 5 7.5 7.5 7.6 7. 6 6.9 6.9 6,5 6.4 6.0 5.7 5.3 5,1 V 4, 3 1 O r « . i II 8 . 2 1r ~ .......... T .. 8. 0 8.0 9,7 7.3 7.1 7.4 7. 3 7.3 7.3 7.4 6.8 6.7 6.3 6.2 5. 8 5.6 5,2 5,0 4.7 1 5.8 1 5, 8 L,7,■ 1 I \ + A 980.0 7.0 6. 9 7.1 _.. 7. 0 6.9 7,0 7. 0 6.4 6.2 5.9 5,7 5.4 5, 1 4,7 4,4 4.0 3. 8 2.6 \ .J rll. ..... 7 . 4 7. 2 7. 5 ....7 . 4 . 7.4 7,5 7.5 7.0 6,9 6.7 6.6 6.4 6,3 6,2 6,3 6.4 7. 1 8.2 2- 6 6 3- 66 2- 6 7 3- 6 7 4- 6 7 1- 68 2-68 3- 68 4-68 1- 69 2-69 3- 6 9 4-69 1- 7 0 2-70 3-70 4-66 1- 67 9 6 8. 1 A % 5 .0 ^ ^ > 1 o . 1- 68 2- 68 986.3 14.1 L 1, 019.3 4-70 I N I T I A L QUARTER PREPARED BY FEOERAL RESERVE BANK OF S T . SALFS IN CONSTANT 19 58 DOLLAKi MAY 1971 COMPOUNDED ANNUAL KATES OF CHANGE___________________________________________________ LOUI S FI NAL INITIAL TERMINAL OUARTER 3- 66 2-6 6 4-66 1- 67 2- 6 7 3-67 4 - 67 1- 68 2- 6 8 QUARTER 3- 68 4-68 1- 69 2-69 4-69 3- 69 1-70 2-70 3-70 BI LLION' S O F OOLLARS ANNUAL RAY6S 4-70 6. 1 6 4 9, 1 4- 66 3. 1 0.? 649,5 1- 67 3.7 2.6 ?- 67 4.3 3. 8 5. 6 6. 1 3- 67 ^. 9 3. 3 4.4 4. 0 3- 66 657,5 5. 0 667,3 670,6 v.+ 4 . 4 % 2 .0 674. 4 4-6 7 3, 6 3.1 3. 3 3.4 2 .1 2. 3 1- 68 4. 5 4. 3 5. 1 5. 1 4.3 6. 2 10. 3 2 - 61? 4. 3 4. 1 4. 7 4.6 4. 3 5.1 6. 5 7. B 3- 68 4.4 4.2 4. 8 4 .3 4.5 5. 2 6.1 4. 1 5 .5 4- 68 4. 2 4.0 4. ^ 4.4 4. 1 4, 6 5. 1 3.5 3. 8 2.2 1- 69 4.? 4. ? 4. 4 4.4 4. 1 4. 5 4.9 3.6 3. 9 3. 1 2- 69 4. 0 3. 8 4. 2 4. 1 3. 3 4.1 4. 4 3. 3 3. 4 2.7 3.0 1. 9 3- 6 9 3. ? 3.6 3. 9 3. s3 3. 5 3. 7 3. 9 2.9 2. 9 2. 2 2. 2 1. 3 0.8 4- 6 9 3. 6 3.4 3.6 3. 5 3.3 3. 4 3. 5 2.6 2. 6 2.0 2.0 1. 3 1. 0 69 1 . 1 695,9 70 5 , 2 709,0 1\ 4. 1 716, 1 s + 1 .3 % 719,4 X w 720,9 723.0 J s+ 0 .9 % 72 2 . 4 1- 70 3. 3 3,. 1 3. 3 3. ? 2. 9 3. 0 3. 1 2.2 2.2 1. 6 1. 5 0.9 0.6 0.4 -0.3 7- 7 0 3. 1 2 .9 3.1 2. 9 2. 7 2. 7 2. 8 2. C 1. 9 1. 3 1. 2 0.6 0.3 0.2 -0,3 -0.3 3-70 2. 9 2 .7 2. 9 2.7 2.5 2.5 2. 6 1. 8 1 .7 1. 2 l.l 0.6 0.4 0.3 -0,0 0. 1 4- 7 0 _2. 6 2.4 2. 5 2. 3 2. 1 2.1 2. 1 1. 4 I .2 C. 7 0.6 0.1 -0.2 -0.4 -0.8 -1.0 -1.3 -3.1 1- 71 2. 9 2.7 2. 8 2.7 2. 5 2. 5 2. 5 1. 9 1. 8 1. 5 1. 4 1. 1 1. 0 1. 0 0.9 1. 3 1. 8 2,4 8,3 2-66 3- 66 4- 6 6 1- 67 2- 6 7 3- 6 7 4- 67 1- 68 7- 63 3- 68 4-68 1- 69 2- 69 3- 69 4-69 1- 7 0 2- 7 0 3-70 4-70 . 721.9 0 . 5 ^ s ^ 722.8 717. 1 r INITIAL 73 1. 5 QUAKTER PREPARED BY FEDERAL RESERVE BANK OF S T . MAY 14, 1971 LftUiT 11 FINAL SALES TOTAL SPENDING LESS CHANGES IN B U SIN ESS RATIO SCALE 1963 QUARTERLY 1964 1965 1966 TOTALS AT 1967 ANNUAL LATEST DATA PLOTTE Dt OF CHANGE FOR P E R I O D S RATIO RATES 1968 SOURCEs P E R C E NT A GE S ARE ANNUAL R AT E S INVENTORIES 1969 U.S. 1970 SCALE 1971 DEPARTMENT OF COMMERCE INDICATED. 1ST QUARTER PREPARED BY FEDERAL RESERVE BANK OF ST. L OU I S 12 CONSUMER PRICE INDEX * COMPOUNDED ANNUAL RATES OF CHANGE TERMINAL MONTH _________10- 69 INITIAL LI-69 12- 69 1- 70 2- 7 0 3-70 4-70 5- 7 0 6- 7 0 MUNTH 7- 7 0 8- 7 0 ___________________1967 = IOO 9-70 10- 70 11- 70 1 2 - 70 1-71 2- 71 3- 7 1 4- 7 1 ________________ 11-69 6 . 6 ______________________________________________________________ _________________________________________________________________________________________ 112. 2 12-69 7.2 7 . 7 ________________ _____ ______ 1- 70 6.2 6.0 2-70 6.3 6.2 5. 4 6.5 3- 70 6.4 6.3 5. 8 6.5 6.5 4-70 6. 6 6.5 6. 2 6.9 7. 0 7. 6 5- 70 6.4 6.3 6. 1 6.5 6.5 6.5 5. 3 6- 7 0 6.4 6.3 6. 1 6.5 6.5 6.4 5.9 _______ ______ _______________________________________________________ 112 . 9 4.3 114. 5 115. 2 115. 7 116. 3 6.4 1 v 116. 7 7- 70 6. 1 6.1 5. 8 6.1 6. 0 5.9 5. 3 5. 3 4.2 8- 70 5.7 5.6 5. 4 5.5 5. 3 5. 1 4. 5 4.2 3.1 9- 7 0 5.8 5. 7 5. 5 5.6 5. 5 5. 3 4. 9 4.7 4. 2 4. 2 6. 3 4. 7 4.9 6.3 6.3 10- 70 5.8 5.8 5. 6 5.7 5.6 5. 5 5.1 5. I 116. 9 2. 1 117. 5 118. 1 / s T+ 4A . Z0 /° 0 118. 5 11- 70 5. 7 5.6 5. 4 5.5 5. 4 5. 3 5. 0 4. 9 4.6 4.7 5. 6 5. 2 4. 1 12- 70 5.7 5.7 5. 5 5. Ö 5. 5 5. 4 5. 1 5. L 4.9 5. 0 5. 8 5.6 5. 2 6.2 4. 3 4.3 4.8 4.4 3. 8 3.6 1.0 4.0 4. 3 3. 9 3. 3 3. 1 1. 5 2 . 0 N , 119. 1 5.3 5. 1 5.2 5. 1 4.9 4. 7 2- 71 5. 2 5. 1 4.9 5. 0 4.8 4.7 4.4 4.3 4.0 3- 71 5. 1 5. 0 4. 9 4.9 4.8 4.6 4. 4 4.3 4.0 4. 0 4. 3 4.0 3. 5 3. 3 2.4 3. 1 4. 1 4- 71 5. 1 5.0 4.8 4.8 4.7 4.6 4. 3 4. 3 4. 0 4.0 4. 3 4.0 3. 6 3. 5 2.8 3.4 4.1 4.9 4.9 4. 8 10- 69 11- 69 12- 69 1- 70 2- 7 0 4 . 7 __ 4. 5 4.4 4 - 70 5- 7 0 3- 70 4 4. 2 4.5 6-70 7- 70 8-70 INITIAL NCT SEASONALLY 4.0 3.9 9- 7 0 10- 70 4.2 3.5 r\j 1 o 5.0 5. 1 1 0 5.4 5- 71 119. 8 4 . l \ ^ 120. 2 120. 8 4.1 4.8 5. 1 1- 71 2- 71 3- 71 6.2] 4-71 MONTH P R E 'F Ä R E D "B Y TERMINAL MONTH 10- 69 11- 69 12- 69 11- 69 119. 4 A O J U S T E D __________________________________ _____________________________________ JUNE 22, WHOLESALE PRICES - INDUSTRI AL COMMODITIES * COMPOUNDED ANNUAL RATES OF CHANGE INITIAL 1- 70 2- 7 0 3- 70 5- 7 0 4- 7 0 6- 7 0 7- 70 FEDERAL R E S E W E “ “BANK OF S T. 1967 * 100 1*ONTH 8- 70 LO U TS’ 1971 9-70 10- 70 11- 70 1 2 - 70 1-71 2- 71 3- 71 4- 71 107. 4 3. 4 107. 8 12- 69 4.0 4.6 1- 70 4.6 5, 1 5. 7 2- 70. .. 4. 5 4.9 5. 1 108. 3 10 8. 7 4. 5 10 8. 9 3-70.... 4. 1 4. 2 4. 1 3.4 2. 2 4- 70 4.? 4. 3 4.2 3.7 3.4 4.5 5- 70 4.2 4.3 4.3 3 . 9 ...3. 7 4c5 6- 70 3. 8 3.9 3. 7 3.4 3. 1 3*3 7- 70 3. 6 3.7 3. 5 3.? 2. 9 3. 1 2.6 1. 7 2 .2 8- 70 3. 5 3. 5 3. 4 3. 0 2. 8 ?. 9 2. 5 I. ft 2.2 2. 2 _ 109. 3 109. 7 4.5 . ' . 109. 8 X 11 0. 0 110. 2 9- 70 3. 4 3.4 3. ? ?. 9 7. 7 2. 8 2. 4 1. 9 2.2 2. 2 2.2 10- 70 3. 9 4.0 3. 9 3. 7 3. 6 3. 8 3.7 3. 5 _ 4 . 2 4. 8 6. 1 11- 70 3. 6 3.6 3. 5 3.3 3. ? 3.3 3. 2 2.0 12- 70 3.7 3. 7 3. 6 3. 4 3 . 3 _ _ i * 4 . _3.*-3 _ 1- 71 3.8 3.8 3.* 8 2- 71 3. 8 3.8 3. 7 3. 6 3^3 3- 71 ..... 3 . 7 3. 7 3. 7 3,6 3. 5 .4- 71 3. 8 3.8 3. 8 3, 6 5 - 7 1 . ......... 3.1.8 3.9 3 . 8 ........ 3. 7 3. 7 7- 70 ____ 10- 69 11- 69 1? -ft 9 3. 5 1-70 3.6 3. 6 ..... JlmA ....____ 3 ^ 3. 5 3. 4 3. 7 3. 4 3. 5 3. 4 3, 7 3, 6 ...3. 8 3. 7 3- 70 4- 70 3. 6 3.3 11 0. 4 l O ^ X ^ + 3 .6 % 11 1. 3 4. 1 ....5 . 0 O.O^Sw 111. 3 11 1. 7 4, 1 4. R 2.2 4.4^s^ 4. 0 4.4 — 5.0 3. 3 5.0 3. 9 4, 2 4.6 3. 3 4.4 4.4 112. 2 3.3^V^ 1 1 2 . «5 3. 7 3. 3 4, 1 4.4 3. 3 4.1 4.0 3. 3 3.2^S ^ 3, 8 4. 0 4.2 4.5 3.6 4.4 4.4 4.0 4.3 5 .4 ^ ^ 113. 3 3.6 3. 9 4. 0 4. 3 4.5 3. 7 4.4 4.4 4. 1 4.3 4.9 113. 7 5- 7 0 6- 7 0 7- 70 3-70 9-70 10- 70 11- 70 1 2 - 7 0 1- 71 2- 71 3- 7 1 . INITIAL ♦ 119. 2 1-71 4.6 112. 8 4.3 \ 4- 71 >^ N T H NOT SEASONALLY ADJUSTED PREPARED BY FEDERAL RESERVE BANK OF S T . JUNF 4 , 1971 LOUIS 13 RAT 196 I30 0 PRI CES SCALE RATIO SC 1967- 10 0 1 30 100 125 125 120 1 20 1 15 1 15 1 10 1 10 105 105 100 100 95 95 1 20 1 20 1 15 1 15 1 10 1 10 1 05 1 05 100 1 00 95 95 90 90 SOURCE: ERCENTAGES ARE ANNUAL RATES OF CHANGE FOR PERI ODS ATEST DATA PLOTTED: U 3 . DEPARTMENT OF LABOR I NDI CATED. MAY PREPARED BY FSDf'VAL RESERVE BANK OF ST, LO UI S 1 4 WHOLESALE P R IC E S , ALL COMMODITIES ♦ COMPOUNDED ANNUAL RATES OF CHANGE terminal UilTMt MONTH ----------------------------------------------------------------I = l f l - 2 - 7 0 l~Lz69_____ 8. 1 I ? -6 9 3-70 4—70 5-70 6-7Q 196 7_ MONTH 7-70 9- 7 0 9-7^3 I Q - 70 11- 70 I ? - 70 1- 71 2- 71 3- 71 _________ ________ ___________________________________________________________________________________ ___________________________________ 6.3 10 8 .5 4.5 109. 3 JLiJ___âxfi___2* 2- . A z lO 2-70 ,A*A. 1 0 9. 7 4,5 -h * A ____ 109. 9 _5^J____ _______ 2^3____ - 2=70 4- 7 0 1 0 9. 9 -A * 2 ------- ---------------ÌL 2 --------U 2 ____ LaJ____ QjkSL1*7 A il. 4. 1 3. 5 3- 3 2.2 1.6 1. 5 2.2 4.4 3.9 3.8 2.9 2.6 2.8 3. 7 6.7 1.9 1. 5 1. 3 1*4 l.l -4.2 ------' 6 - 70 -Ir7<? .. — t ___ . 110. 3 11 0. 9 110. 5 _fl-70 — 1jl5 9-7n 3-7 3.2 3. 1 2.3 2.0 2.0 2. 4 2.6 0.5 5.6 10^70 3.4 7.9 2.8 -2.1 I. 8 1. 7 2.0 ] .9 0.4 2.7 . 3. 0 ... _2 .*.a 111 . 0 111. 0 11 0. 9 . 2. 6 2.4 1. 9 1.5 1.4 1. 6 1 .3 0.0 1. 5 -0.5 -1.1 c 1 r\ 0.0 11- 70 _ . 3. 0 2.9 2. 5 2. 3 1. 7 1. 4 1. 3 1. 5 1- 3 0.2 1. 4 0.0 0.0 l.l 1-71 3. 3 2.9 2.8 2. 3 2.1 2. 1 2. 3 2.3 1. 6 2.8 2.2 2.9 5.0 9.0 7- 71 3.7 3.5 3. 4 3.0 2.8 2.9 3.2 3. 4 3.0 4.2 3.9 4.9 7.0 10. 1 1 1. 3 3 LT. 1. 4 _3. 3 2.9 2.8 2.8 3*1 3. 3 2.9 3.9 3.6 4.4 5.8 7.4 6. 6 2. 1 3.4 3.3 2.9 2.8 2.9 3. 1 3. 3 2.9 3. 8 3.6 4.2 5.3 6.3 5.5 2.7 3.2 3*4. 3. 1 3.0 3.0 3.3 3.5 3. 1 4.0 3.8 4.4 5.3 6.2 5. 5 3.6 4.3 5.4 12- 69 1- 7 0 ?-70 3- 7 0 4-70 9 - 7 0 10 - 7 0 11- 70 1 2 - 7 0 1- 71 2- 71 3- 71 4- 7 1 3 rJ_\ ... . A - 71....____ U 6 . Ü - 7J. .......... 1 , 1 0 1 > ■o 100 4-7,1 .. 11- 69 6- 7 0 5 7- 7 0 IN IT IA I 8- 7 0 11 1. 0 1 1 1. 8 112. 8 113. 0 113. 3 113. 8 MONTH —fSLQJ- 'SEASONALLY ADJUSTED PREPARED BY FEDERAL RESERVE BANK OF S T . LO UIS WHOLESALE PRICES - FARM PRODUCTS, ANO PROCESSED FOODS^AND f’eV d’s . ___________________ COMPOUNDE0 ANNUAL RATES OF CHANGE______________________ TPGMTNAl MONTH 10 - 6 9 1 1- 69 12- 69 INITIAL 1- 70 2- 7 0 3- 7 0 4-70 5-70 6-70 7- 7 0 VS. 3 1 2- 69 I 1. 0 ft.7 Ì - 70 14. 3 13. 8 21 1,4 7- 70 11. 7 10. 6 12.i5 4.4 *- 70 9.5 8. 1 4|>6 2. 7 10- 70 11- 70 1 2 - 7 0 2- 71 100 4- 71 112. 4 112. 8 112. 9 l.l -8.7 6- 7 0 4. ? 2. y 7..0 -4.2 4.7 4. 4 .P 5.8 9- 70 7 . ft 1. 5 9- 70 3. 9 7. 8 1 .ft 1. 3 111. 7 5.5 5. 8 12. 5 0.0 -3.6 -0.5 0.3 2, 1.3 H l.? -6.3 1. 7 3.8 1 1 3. 4 19. 9 111. 2 - 2 . 7 -20«_9 3.3 -4.2 16. 2 112. 6 110. 3 - Q, »? -3.9 -1.9 -3.7 -10.5 -4.8 -21.9 ,7 -4.0 -2.3 -3.8 -9.0 -4.6 -13.6 0» 5 -0.6 - 1 ,2 -4.2 -2.9 -4.3 -8.5 - 5 . 0 - 1 1 . 2 ...- 5 . 3 1. 5 0.3 I 1- 70 I .0 -0 . 1 1 ¿>-70 1-71 1.5 0.5 ft 1 ,1 7- 7 1 3. 4 ? .6 ?,,3 3-71 3. 0 2.3 ?, ,0 0.7 100. 3 -6j 4 -0.7 -1.5 -4_.7 -1.1 -5.0 1.5 4.4 16 . 5 0.7 1. 9 2.9 2.6 0.3 4.4 2. 1 «.? 14. 2 26. 1 36 . 4 0.4 1. 6 2.4 2. 0 0.0 3«_4_ 1. 4 6.9 _ 9 *9_ 15.. 9 15. 6 -2.1 -1.6 -2.3 1. 0 109. 9 -4.3 0.3 7. 8 2. 1 1,ift *;-7i 3. 2 ? .b 2 .4 1.3 1. 1 1. 1 1 1- 69 12- ^ 9 1- 70 2 - 70 3- 7 0 1. 3 4-70 2. 1 1. 7 -0.1 2.8 1. 1 5.5 7.6 11. 4 9. 7 2.8 7.5 1. 0 3.7 2.3 6. 3 8, 2 11. 3 10. 1 2. 5 6- 7C 7- 70 9-70 10- 70 11- 70 1 2 - 70 1-71 2- 71 t N I T 1Al c f1 or 4- 71 U O J . 11 3. 6 vn » O 1 0- 70 113. 4 113. 3 -l.l 4.9 11.1 > 1 1, 1 3,,3 2.2 V«t 4.0 4.0 7- 70 1 1 1. 8 -11.1 *». R S - 70 10- 69 1- 71 3- 71 110. 6 4-70 NOT 8-70 9-70 110. 0 1\ -69 * 1967 - MONTH 114. 3 MONTH SEASONALLY ADJUSTED PRFPARFO BY FEDERAL RESFRVF JUNF 4 , 1971 8ANK OF S T . LOUIS .. 15 GENERAL PRICE INDEX* RATIO SCALE RATIO SCALE 1958-100 150 1958-100 145 140 155 130 125 120 .115 110 105 100 1963 1964 1965 1966 1967 1968 *A S USED IN NATIONAL INCOME ACCOUNTS 1969 1970 1971 SOURCE« U .S . DEPARTMENT OF COMMERCE PERCENTAGES ARE ANNUAL RATES OF CHAN6E FOR PERIO DS INOICATED. LATEST DATA PLOTTEDt 1ST OUARTER PREPARED BY FEDERAL RESERVE BANK OF ST. LO UIS I MPL I CI T PRICE DEFLATOR FOR GROSS NATI ONAL PRODUCT ____________________ _____________COMPOUNDED ANNUAL RATES OF CHANGE____________________________ 1958 * 100 I N I T I A L QUARTER TERMINAL OUARTER ? - 66 3- 66 4-66 1- 67 2-67 3-6 7 4-67 1- 6 8 2- 68 3- 68 4-68 1- 69 2-69 3-69 4-69 1- 7 0 2-70 3-70 4-70 1 14. 5 3- 66 3. 6 4 - 66 3. 4 3.? 1- 67 3. 2 3.0 2. 8 ?-6 7 2.9 2.7 2. 4 2. 1 3- 67 3. 2 3.1 3. 0 3. 1 4. 2 4-6 7 3.4 3. 4 3. 5 3.7 4.5 4.8 i —68 3. 4 3.4 3. 5 3.6 4.1 4. 1 ?-68 3.5 3.5 3.6 3.8 4.2 4.2 3. 9 4.4 3- 68 3. 6 3.6 3.7 3. 3 I1:... 1 1 4.2 3.9 4.2 4.0 4-6 3 3. 7 3.7 3. 8 3. 9 4.2 4.2 4. 1 4.3 4.3 4.6 1—69 3. 3 3.8 3.9 4.0 4.3 4.3 4.2 4.4 4.4 4.6 1 1 5. 4 116. 2 r \ 116. 8 >4.2% 1 18. 0 11 9. 4 1 2 0. 4 3. 4 12 1. 7 +47% 124. 3 3. 9 3.9 4.0 A. 1 4.4 4.4 4.3 4.5 4.5 3- 69 4.0 4. 1 4. 1 4. 3 4. 5 4.6 4. 5 4.7 4.8 4-69 4.1 4. 1 4.2 4.3 4.5 4.6 4.5 4.7 4.3 4.9 1- 70 4.2 4.3 4.4 4.5 4.7 4.8 4.8 -..9 5.0 5.2 4.9 5. 1 125. 7 4.6 I 4. 7 I 4 . 7 1 _ __ 1 5.0 5. 1 7- 69 12 2. 9 4.9 +57% 1 127. 2 129. 0 5.3 5. 8 5. 0 5.1 5.3 5.3 5.5 5.7 5.7 6.6 5. 1 5.2 5.3 5.2 5.4 4.3 130. 5 « ^ 13 2 . 6 Iff 1 0/ 1i > . ! / o 2- 70 4.2 4.3 4.4 4.5 4. 7 4.7 4.7 4.9 3- 7 0 4.3 4.3 4.4 4.5 4.7 4.7 4.7 4.8 4.9 5.0 5. 1 5.1 5.2 5.0 5.1 4.4 4.6 4- 70 4.3 4.4 4.5 4.6 4.8 4.8 4.8 4.9 5.0 5. 1 5. 1 5.2 5.3 5.2 5.3 4.9 5. 1 5.7 5. 3 5.7 5 2-70 3-70 4- 1- 71 4^4 4.5 4.5 4.6 4.8 4.9 4.9 5.0 5.0 5. 1 5.2 5.3 5. 3 5.3 5.4 5. 1 2-66 3-66 4-66 1- 67 2-67 3- 67 4- 6 7 1- 6 8 2- 6 8 3- 68 4-68 1- 69 2-69 3-69 4-69 1-70 1 3 4. 0 135. 5 13 7. 4 ' 139. 3 I N I T I A L QUARTER PREPARED BY FEDERAL RESERVE BANK f MAY 14, 1971 S T . LOUIS I NVE NTOR I E S COMPARED WITH MONTHLY S A L E S * MANUFACTURING * R A T ! OS BASED ON SEASONALLY ADJUSTED S H A D E D A R E A S R E P R E S E N T P E R I O D S OF A S D E F I N E D BY THE N A T I O N A L B U R E A U LATEST D A TA PLOTTED: APRIL AND TRADE DATA. SOURCE: U . S . DEPARTMENT OF C O MME R C E BUSINESS RECESSIONS OF E C O N O M I C R E S E A R C H . PRELIMINARY PREPARED BY FEDERAL RESERVE B A NK OF ST. LOU'S
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