Full text of National Economic Trends : September 1990
The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
N a t io n a l E c o n o m ic T r e n d s S e p te m b e r 1990 T h e B a la n c e d 1 9 8 5 . in a It b a la n c e d T r e n d s in R u d m a n . fe d e r a l O n th e a th e n a tio n a l o f A s a D u r in g p e rc e n t P . o f b e e n n o t th e in c o m e G 1 9 9 1 . o f 1 9 8 0 in o n 1 9 8 9 e r a d ic a te d , o b je c tiv e s o f ro s e fo llo w in g o th e r a n d th e to h a n d , a t r e c e ip ts e n a c tm e n t fr o m 4 .9 p e r c e n t th e re h a s b e e n a c c o u n ts c a n a g o v e r n m e n t p o s tp o n in g b e m o r e ta b le u s e d to th e a s s e s s m e a n in g fu l s h o w s G r a m m - R u d m a n ’ s a 4 .4 fe ll o f p e r c e n t in 1 9 8 7 , G r a m m - R u d m a n ) th e to w a s s e t b u d g e t th e p e r c e n t a s G N a c c e le r a te d 1 9 8 5 , c o n s id e r a b le a th e s e b a la n c e s u c c e s s a s s e s s m e n t a n n u a l p e r c e n t P in o f 1 9 8 9 . r e la tiv e b e fo r e to r is in g p ro g re s s in b u d g e t e n a c tm e n t, r a te , o f to o r th e in th a t fis c a l fa ilu r e r e s u lt 1 9 9 3 . o f e c o n o m ic G ra m m - im p a c t o f m e a s u re s th e w h ile d e fic it r e a l as a ro s e r e c e ip t s p e rc e n t fr o m ro s e o f G N 2 .2 a t P d u r in g p e rc e n t o n ly a 1 .9 to 4 .9 p e rc e n t r e a l S in c e G N a g a in P fe d e r a l th e n , s in c e e x p e n d itu r e e x p e n d itu r e s 1 9 8 5 . in th e fir s t r e d u c in g th e fe d e r a l A s h a lf o f a g r o w th h a v e r e s u lt, 1 9 9 0 . d e fic it s lo w e d r is e n th e T h u s , r e la tiv e to to to 2 3 .2 a 1 .4 p e rc e n t d e fic it f e ll to w h ile th e d e fic it G N P , 2 .6 c o n s is t e n t G r a m m - R u d m a n . B u d g e t ( p e r c e n t C a le n d a r G T r e n d s N P ) R e c e ip t s 198 0 2 2 .5 % 2 0 .3 % 2 1985 2 4 .5 1 9 .6 4 .9 22.8 20.2 20.2 2.6 1989 (1 s t h a lf) y e a r o f E x p e n d itu r e s 2 3 .2 D e fic it .2 % 3 .0 — K e ith T H F E D E E R A L R E S E R V E B A N K o f S T . L O U IS v ie w s e x p re s s e d do n o t n e ce ssarily re fle c t o ffic ia l p o sitio n s o f th e F ederal R eserve System . D e c e m b e r w o u ld G N P . G r a m m - R u d m a n , o f F e d e r a l 1 990 e n a c te d ta rg e ts b u d g e t. ro s e h a v e c a lle d r e q u ir e d in p r o v id e a c c o m p a n y in g 2 2 .8 (u s u a lly a n d a m e n d e d in c o m e b e fo r e e x p e n d itu r e s e x p e n d itu r e s th e th e 1 9 8 5 , A c t b u d g e t m e a s u re s o ffic ia l b a s is , to w a s n a tio n a l th e C o n t r o l o ffic ia l a c t a c c o u n ts th a n a c c o u n ts y e a r s D e f ic it T h e th e in c o m e e x p e n d itu r e s fo u r P s e c to r fe d e r a l d r o p p in g N e r g e n c y g o v e r n m e n t’s fis c a l F r o m R e a l R e c e ip t s , h a s E m a c tiv it y p e r io d . th e b y n a tio n a l r e s u lt, r a te , a n d fe d e r a l fe d e r a l G N P . ^ ¿ r c e n t w it h th e g o v e r n m e n t p e r c e n t ' G N o n b u d g e t T h e s e 1 9 8 0 - 9 0 ra te . B u d g e t fo c u s e d M . C a r ls o n T O T A L CIVILIAN E M P L O Y M E N T ( C o m p o u n d e d A n n u a l Rates of C h a n g e ) THOUSANDS O F PERSONS INITIAL M O NTH 1-89 2-89 3-89 4-89 5-89 6-89 7-89 8- 8 9 9-89 10-89 11-89 12-89 1-90 2-90 3-90 0 Os 1 <0- TERMINAL MONTH 12-88 5-90 6-90 116.640 1-89 5.3 2-89 3.2 1.2 3-89 3.2 2.1 116.757 3.0 117.047 117*084 4-89 2.5 1.5 1.7 0.4 5-89 2.1 1.3 1.3 0.4 0.5 117.132 117,542 6-89 2.4 1.9 2.0 1.7 2.4 4.3 7-89 1.9 1.4 1.4 1.0 1.2 1.6 -1.1 117.436 117.550 8-89 1.8 1.3 1.4 1.0 1.2 1.4 0.0 1.2 9-89 1.5 1.0 1.0 0.6 0.7 0.7 -0.4 -0.1 -1. 3 117,419 117,585 10-89 1.5 1.1 1.1 0.8 0.9 0.9 0.1 0.5 0.2 1.7 11-89 1.6 1.2 1.2 1.0 1.1 1.2 0.6 1.0 1.0 2.1 2.6 12-89 1.5 1.2 1.2 1.0 1.0 1.1 0.6 0.9 0.9 1.6 1.6 0.5 1-90 1.4 1.0 1.0 0.8 0.9 0.9 0.5 0.7 0.6 1.1 0.9 0.1 - 0. 3 117.836 117.888 117.863 118.035 2-90 1.4 1.1 1.1 0.9 1.0 1.0 0.6 0.9 0.8 1.3 1.2 0.7 0.8 1.8 3-90 1.5 1.2 1.2 1.1 1.2 1.2 0.9 1.1 1.1 1.6 1.5 1.3 1.5 2.4 3.1 118.334 118.116 4-90 1.3 1.0 1.0 0.8 0.9 0.9 0.6 0.8 0.7 1.0 0.9 0.6 0.6 0.9 0.4 -2. 2 5-90 1.3 1.1 1.1 1.0 1.0 1.0 0.8 0.9 0.9 1.2 1.1 0.9 0.9 1.2 1.1 0.1 6-90 1.3 1.1 1.0 0.9 1.0 1.0 0.7 0.9 0.9 1.1 1.0 0.8 0.9 1.1 0.9 0.2 1.4 0.4 7-90 1.0 0.7 0.7 0.6 0.6 0.6 0.3 0.4 0.4 0.5 0.4 0.1 0.1 0.2 -0. 2 -1. 0 -0. 6 -2. 0 -4.3 12-88 1-89 2-89 3-89 4-89 5-89 6-89 7-89 8-89 9-89 10-89 11-89 12-89 1-90 2 -90 3-90 4-90 5-90 6-90 118.350 2.4 118.389 117.953 I NITIAL M O N T H P R E P A R E D BY F E D E R A L R E S E R V E BAN K O F ST. L O UIS A U G U S T 3. 1990 PAYROLL E M P L O Y M E N T ( C o m p o u n d e d A n n u a l Rates of C h a n g e ) TERMINAL MONTH 12-88 1-89 2-89 3-89 4-89 5-89 6-89 1-89 3.9 2-89 3.5 3.0 3-89 3.0 2.5 2.0 4-89 2.8 2.5 2.2 2.4 5-89 2.7 2.4 2.2 2.4 2.3 6-89 2.8 2.6 2.5 2.7 2.8 3.3 7-89 2.7 2.5 2.4 2.5 2.5 2.6 1.8 8-89 2.5 2.3 2.2 2.2 2.2 2.1 1.6 7-89 INITIAL M O N T H O F P E RSONS 9-89 10-89 11-89 12-89 8-89 T H O U SANDS 1-90 2 -90 3-90 4-90 5-90 6-90 107.442 107.711 107,888 108,101 108,310 108,607 108,767 1.3 108,887 9-89 2.5 2.3 2.2 2.3 2.2 2.2 1.8 1.8 2.3 10-89 2.3 2.2 2.0 2.0 2.0 1.9 1.6 1.5 1.6 0.8 11-89 2.4 2.2 2.2 2.2 2.2 2.1 1.9 1.9 2.1 2.0 3.1 12-89 2.3 2.2 2.1 2.1 2.0 2.0 1.8 1.8 1.9 1.7 2.2 1.3 1-90 2.4 2.3 2.3 2.3 2.3 2.3 2.1 2.2 2.3 2.3 2.8 2.7 4.0 2-90 2.6 2.5 2.4 2.4 2.5 2.5 2.4 2.4 2.6 2.7 3.1 3.2 4.1 4.1 109,096 109,171 109,452 109,570 109,931 110,304 3-90 2.5 2.4 2.3 2.4 2.3 2.4 2.2 2.3 2.4 2.5 2.8 2.7 3.2 2.7 1.3 4-90 2.3 2.2 2.1 2.1 2.1 2.1 2.0 2.0 2.1 2.1 2.3 2.1 2.3 1.7 0.5 -0. 3 5-90 2.4 2.3 2.3 2.3 2.3 2.3 2.2 2.2 2.3 2.3 2 .5 2.4 2.6 2.3 1.7 1.9 4.1 6-90 2.4 2.3 2.2 2.2 2.2 2.2 2.1 2 .2 2.3 2.2 2.4 2.3 2.5 2.2 1.7 1.8 2.9 1.7 7-90 2.1 2.0 2.0 2.0 1.9 1.9 1.8 1.8 1.8 1.8 1.9 1.7 1.8 1.4 0.9 0.8 1.1 -0.3 -2 . 3 12-88 1-89 2-89 3-89 4-89 5-89 6-89 7-89 8-89 9-89 10-89 11-89 12-89 1-90 2-90 3-90 4-9 0 5-90 6-90 110,427 110,401 110,770 110.925P 110.706P INITIAL M O N T H P- P R E L I MINARY 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 ANK O F ST. LOU I S A U G U S T 3, 1990 2 EMPLOYMENT RATIO RATIO SCALE MILLIONS OF 1982 PERSONS 1983 MILLIONS SEASONALLY ADJUSTED 1984 1985 1986 1987 1988 SO U R C E t B E G IN N IN G JA N U A R Y 1 0 8 0 , M EA S U R E S OF IM M IG R A T IO N PERC EN T A G ES LA T EST ARE 1989 SCALE PERSONS 1990 U .S .D E P A R T M E N T OF LABO R TOTAL EMPLOYM ENT OATA IN C O R PO R A T E NEW P R O C E D U R E S FOR E S T IM A T IN G AND E M IG R A T IO N IN C R E A S IN G TOTAL EM PLO YM EN T BY ABOUT 0 .3 '/ . ANNUAL R A T E S OF CHANGE FOR P E R IO D S DATA P L O T T E D : OF JU L Y IN D IC A T E D . P R E L IM IN A R Y PREPA RED BY FED ERAL RESERVE BANK OF ST. L O U IS UNEMPLO YME NT RATE PERCENT S E A S O N A L L Y PERCENT A D JU S T E D I I 1 0 . .0 1 0 .0 9. 9.0 8 . 8 .0 7. 7.0 6 . 6 .0 5. 5.0 4 . 1982 1983 1984 1985 1986 1987 1988 SO U R C E : PERC EN T LATEST OF C I V I L I A N DATA P L O T T E D : LABO R U .S . 1989 D EPARTM EN T 1990 OF LABO R FO R CE JU L Y PREPARED BY F E D E R A L R ES ERV E BANK OF S T . 3 LOUIS 4.0 C O N S U M E R PRICE I N D E X F O R ALL U R B A N C O N S U M E R S ( C o m p o u n d e d A n n u a l Rates of C h a n g e ) TERMINAL MONTH INITIAL MONTH 12-88 1-89 2-89 3-89 4-89 5-89 6-89 7-89 8-89 1982-84*100 9-89 10-89 11-89 12-89 1-90 2-90 3-90 4-90 5-90 6-90 121.4 1-89 7.2 2-89 6.1 5.1 3-89 6.1 5.6 6.1 4-89 6.6 6.4 7.1 8.1 5-89 6.3 6.0 6.4 6.5 5.0 6-89 5.7 5.4 5.5 5.3 4.0 121.9 122.5 123.3 123.8 124.1 2.9 124.5 7-89 5.5 5.2 5.2 5.0 4.0 3.4 3.9 8-89 4.8 4.4 4.3 4.0 2.9 2.3 1.9 0.0 9-89 4.6 4.2 4.1 3.8 2.9 2.4 2.3 1.5 2.9 10-89 4.7 4.4 4.3 4.1 3.4 3.1 3.2 2.9 4.4 124.5 124.8 125.4 5.9 11-89 4.6 4.4 4.3 4.1 3.5 3.3 3.3 3.2 4.2 4.9 3.9 12-89 4.6 4.4 4.3 4.2 3.7 3.5 3.6 3.5 4.4 4.9 4.4 125.8 126.3 4.9 127.7 1-90 5.3 5.2 5.2 5.1 4.8 4.8 5.0 5.2 6.3 7.1 7.5 9.4 14.1 2-90 5.4 5.2 5.3 5.2 4.9 4.9 5.1 5.3 6.2 6.9 7.1 8.2 9.9 5.8 3-90 5.4 5.3 5.3 5.2 5.0 5.0 5.2 5.3 6.1 6.7 6.8 7.6 8.5 5.8 5.8 4-90 5.2 5.0 5.0 5.0 4.7 4.7 4.9 5.0 5.6 6.0 6.0 6.4 6.8 4.5 3.8 1.9 5-90 5.0 4.8 4.8 4.7 4.5 4.4 4.6 4.6 5.2 5.5 5.4 5.6 5.8 3.8 3.2 1.9 128.3 128.9 129.1 129.3 6-90 5.1 4.9 4.9 4.9 4.6 4.6 4.8 4.8 5.3 5.6 5.6 5.8 5.9 4.4 XS o 1.9 3.5 4.3 6.7 7-90 5.1 4.9 4.9 4.9 4.6 4.6 4.8 4.8 5.3 5.5 5.5 5.7 5.8 4.4 4.2 3.8 4.4 5.7 4.7 12-88 1-89 2-89 3-89 4-89 5-89 6-89 7-89 8 -89 9-89 10-89 11-89 12-89 1-90 2-90 3-90 4-90 5-90 6-90 130.0 130.5 INITIAL M O NTH P R E P A R E D B Y FED E R A L R E S E R V E BANK OF ST. LOU I S A UGUST 16. 1990 P R O D U C E R PRICE INDEX, FINISHED G O O D S ( C o m p o u n d e d A n n u a l Rates of C h a n g e ) INITIAL M O N T H 2-89 3-89 4-89 1-89 13.9 2-89 10.8 7.8 3-89 9.0 6.7 4-89 8.7 7.0 6.6 7.7 5-89 8.7 7.5 7.3 8.3 8.8 5-89 6-89 7-89 8 -89 1982 * 100 9-89 10-89 11-89 12-89 1 1-89 0 TERMINAL MONTH 12-88 2-90 3-90 4-90 5-90 6-90 111.2 111.9 112.4 5.5 113.1 113.9 6-89 7.4 6.2 5.7 5.8 4.9 1.1 7-89 5.7 4.4 3.7 3.2 1.8 -1.6 -4.1 114.0 8-89 4.5 3.3 2.5 1.9 0.5 -2.1 -3.6 -3. i 9-89 5.0 3.9 3.4 3.0 2.1 0.5 0.4 2.7 8 .8 10-89 5.1 4.2 3.8 3.5 2.8 1.7 1.9 3.9 7.6 6.5 11-89 4.8 3.9 3.5 3.2 2.6 1.6 1.7 3.2 5.4 3.7 1.1 12-89 5.0 4.2 3.9 3.7 3.2 2.4 2.6 4.1 5 .9 5.0 4.3 7.6 1-90 6.4 5.8 5.7 5.7 5.5 5.0 5.6 7.3 9.6 9.8 10.9 16.1 25.4 113.6 113.3 114.1 114.7 114.8 115.5 2-90 6.0 5.4 5.2 5.2 4.9 4.5 4.9 6.3 7.9 7.7 8.1 10.5 12.0 0.0 3-90 5.4 4.8 4.6 4.5 4.3 3.8 4.1 5.2 6.4 6.0 6.0 7.2 7.1 - 1. 0 -2.0 4-90 4.8 4.2 4.0 3.9 3.5 3.1 3.3 4.1 5.1 4.5 4.2 4.9 4.2 - 2. 0 - 3.0 -4. 0 5-90 4.7 4.2 3.9 3.8 3.5 3.1 3.3 4.0 4 .9 4.4 4.1 4.6 4.0 -0. 8 - 1.0 -0. 5 3.1 6-90 4.6 4.0 3.8 3.7 3.4 3.0 3.2 3.8 4.6 4.1 3.8 4.2 3.7 -0.2 - 0.3 0.3 2.6 2.1 7-90 4.3 3.7 3.5 3.4 3.1 2.7 2.8 3.4 4.1 3.6 3.3 3.5 3.0 - 0.3 - 0.4 0.0 1.4 0.5 - 1.0 12-88 1-89 2-89 3-89 4-89 5-89 6-89 7-89 8-89 9-89 10-89 11-89 12-89 1-90 2-90 3-90 1 © 117.7 5-90 6-90 117.7 117.5 117.1 117.4 117.6 117.5 INITIAL MONTH PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS AUGUST 10. 1990 4 RATIO SCALE P R I C E S SEASONALLY ADJUSTED RATIO SCALE 1982-100 CONSUMER PR IC ES DATA ARE ON A 1992-84-100 BASE CPI-U DATA BEGINNING 1983 INCORPORATE A RENTAL EQUIVALENCE MEASURE FOR HOMEOWNERSHIP COSTS. PERCENTAGES ARE ANNUAL RATES OF CHANGE FOR PERIODS INDICATED. LATEST DATA PLOTTED; JULY PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS RATIO SCALE P R O D U C E R P R I C E S RATIO SCALE PERCENTAGES ARE ANNUAL RATES OF CHANGE FOR PERIODS INDICATED. LATEST DATA PLOTTED: JULY PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 5 P R O D U C E R PRICE INDEX, FINISHED C O N S U M E R F O O D S ( C o m p o u n d e d A n n u a l Rates of C h a n g e ) T ERMINAL MONTH 12-88 1982 * 100 INITIAL M O N T H 1-89 2-89 5-89 4-89 5-89 6-89 7-89 8-89 9-89 10-89 11-89 12-89 1-90 2-90 5-90 4-90 5-90 6-90 117.0 1-89 16.7 2-89 15.1 9.6 5-89 11.2 8.5 7.4 4-89 6.6 5.5 0.5 5-89 6.6 4.2 2.4 0.0 6.5 6-89 4.2 1.9 0.0 -2.5 -0.5 117.9 118.6 118.0 -5.9 118.6 117.9 -6.9 7-89 5.9 1.9 0.4 -1.5 0.5 -2.5 2.1 8-89 5.9 2.2 1.0 -0.2 1.5 -0.5 5.1 4.1 9-89 5.0 1.4 0.5 -0.8 0.2 -1.5 0.7 0.0 10-89 4.4 5.1 2.5 1.6 2.9 2.2 4.7 5.5 6.2 17.5 11-89 4.9 5.8 5.2 2.7 4.0 5.6 5.8 6.8 7.6 14.0 12-89 5.5 4.5 5.8 5.4 4.6 4.4 6.4 7.5 8.1 12.4 9.9 9.5 1-90 7.1 6.5 6.0 5.9 7.5 7.4 9.6 11.0 12.4 16.9 16.7 19.9 118.1 118.5 -4.0 118.1 119.7 10.5 120.7 121.6 124.4 51.4 2-90 7.2 6.5 6.5 6.2 7.5 7.6 9.6 10.7 11.8 15.5 14.7 16.1 19.7 9.0 5-90 6.5 5.6 5.5 5.1 6.2 6.2 7.8 8.5 9.1 11.5 10.5 10.5 10.6 1.5 125.5 4-90 5.2 4.5 4.1 5.9 4.7 4.6 5.8 6.5 6.5 8.1 6.6 5.9 5.0 -2. 5 -7. 9 -10.1 5-90 5.5 4.6 4.5 4.1 4.9 4.8 5.9 6.5 6.6 8 .0 6.7 6.1 5.4 -0. 2 - 5.2 - 1.9 7.0 6-90 4.7 4.1 5.7 5.5 4.2 4.0 5.0 5.5 5.4 6.5 5.2 4.4 5.7 -1. 2 -5. 5 -2. 9 1.0 - 4.7 7-90 4.5 5.8 5.5 5.5 5.9 5.7 4.6 4.8 4.9 5.8 4.6 5.9 5.1 -1.0 -2.8 -2.1 0.6 -2.4 0.0 12-88 1-89 2-89 5-89 4-89 5-89 6-89 7-89 8-89 9-89 10-89 11-89 12-89 1-90 2-90 5-90 4-90 5-90 6-90 124.7 -5.6 125.6 124.5 125.8 125.8 INITIAL M O N T H P R E P A R E D BY F E D E R A L R E S E R V E B A N K O F ST. LOU I S A U G U S T 10» 1990 P R O D U C E R PRICE INDEX, FINISHED G O O D S , E X C L U D I N G F O O D S ( C o m p o u n d e d A n n u a l Rates of C h a n g e ) TERMINAL MONTH 12-88 INITIAL M O N T H 1-89 2-89 1-89 11.7 2-89 10.4 9.2 5-89 8.4 6.8 4.5 5-89 4-89 5-89 6-89 7-89 8-89 1982 « 100 9-89 10-89 11-89 12-89 1-90 2-90 5-90 4-90 5-90 6-90 109.2 110.0 110.4 4-89 9.1 8.5 7.9 11.4 5-89 9.6 9.1 9.0 11.4 11.5 6-89 8.5 7.9 7.5 8.6 7.2 5.5 7-89 6.5 5.4 4.6 4.7 2.5 -1.6 -6.2 111.4 112.4 112.7 112.1 8-89 4.6 5.6 2.7 2.4 0.5 -5.2 -6.2 -6.2 9-89 5.7 5.0 4.4 4.4 5.0 1.1 0.4 5.8 14.9 10-89 5.5 4.8 4.5 4.2 5.1 1.5 1.1 5.6 8.9 5.2 11-89 4.7 4.1 5.5 5.4 2.5 0.9 0.4 2.2 5.1 0.5 -2.1 12-89 4.9 4.5 5.8 5.8 2.8 1.7 1.4 5.0 5.5 2.5 2.1 6.6 1-90 6.5 5.9 5.6 5.7 5.1 4.5 4.5 6.5 9.1 7.6 9.1 15.2 24.6 2-90 5.5 5.1 4.7 4.8 4.1 5.5 5.5 4.8 6.7 5.2 5.7 8.4 9.5 -4.1 5-90 5.1 4.7 4.4 4.5 5.7 5.0 5.0 4.2 5.8 4.5 4.5 6.2 6.1 -2.1 111.5 112.8 115.1 112.9 115.5 115.6 115.2 0.0 115.2 4-90 4.7 4.2 5.9 5.8 5.2 2.5 2.5 5.5 4.7 5.4 5.4 4.5 4.0 -2.1 -1. 0 -2.1 5-90 4.5 4.0 5.7 5.6 5.1 2.4 2.5 5.2 4.5 5.1 5.1 5.9 5.4 -1.5 -0. 5 -0. 5 1.0 6-90 4.5 4.1 5.8 5.8 5.2 2.6 2.6 5.4 4.4 5.5 5.5 4.1 5.7 0.0 1.0 1.4 5.2 5.5 7-90 4.2 5.8 5.4 5.4 2.9 2.5 2.2 2.9 5.8 2.8 2.7 5.5 2.9 -0.5 0.4 0.5 1.4 1.6 -2.1 12-88 1-89 2-89 5-89 4-89 5-89 6-89 7-89 8-89 9-89 10-89 11-89 12-89 1-90 2-90 5-90 4-9 0 5-90 6-90 115.0 115.1 115.6 115.4 INITIAL M O N T H 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. LOU I S A U G U S T 10. 1990 6 I N D U S T R I A L RATIO P R O D U C T I O N SCALE RATIO 1987-100 1982 SCALE 1987-100 SEASONALLY ADJUSTED 1983 1984 1985 1986 1987 1988 1989 1990 PERCENTAGES ARE ANNUAL RATES OF CHANGE FOR PERIODS INDICATED. LATEST DATA PLOTTED» JULY PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS INDUSTRIAL P R ODUCTION ( C o m p o u n d e d A n n u a l Rates of C h a n g e ) TERMINAL MONTH 12-88 IN IT IA L MONTH 1-89 2-89 5-89 4-89 5-89 6-89 7-89 8-89 1987 « 100 9-89 10-89 11-89 12-89 1-89 5 4 2-89 1 1 -1.1 5-89 1 1 0.0 4-89 5 4 3.4 5.7 10.5 5-89 2 0 1.7 2.6 5.4 -5.5 6-89 1 9 1.6 2.2 2.6 -1.1 1.1 7-89 0 6 0.2 0.4 0.5 -2.9 -2.7 -6.4 8-89 1 1 0.8 1.1 1.1 -1.1 -0.4 -1.1 4.5 9-89 1 0 0.7 1.0 0.9 -0.9 -0.5 -0.7 2.2 0.0 10-89 0 5 0.0 0.1 0.0 -1.7 -1.5 -1.9 -0.4 -2.7 -5.4 11-89 0 7 0.4 0.6 0.6 -0.8 -0.4 -0.7 0.8 -0.4 -0.6 4.5 12-89 1 1 0.9 1.1 1.1 0.0 0.5 0.4 1.8 1.1 1.5 5.1 1-90 0 1 -0.2 -0.1 -0.2 -1.5 - l.l -1.4 -0.6 -1.5 -1.9 -0.7 2-90 0 9 0.7 0.8 0.8 -0.1 0.2 0.1 1.1 0.6 0.7 2.2 1.5 1-90 2-90 5-90 4-90 5-90 6-90 107.7 107.6 1.1 107.7 108.6 108.5 108.4 107.8 108.2 108.2 107.7 108.1 5.7 108.6 -5.5 -11.5 107.5 -0.6 11.8 108.5 5-90 1 1 1.0 1.1 1.1 0.5 0.7 0.6 1.5 1.1 1.5 2.7 2.2 1.1 8.1 4.5 4-90 1 0 0.8 1.0 0.9 0.2 0.5 0.4 1.2 0.8 1.0 2.1 1.6 0.6 4.9 1.7 - l.l 5-90 1 5 1.2 1.5 1.4 0.7 1.0 1.0 1.8 1.5 1.7 2.7 2.4 1.8 5.4 5.4 2.8 6.8 6-90 1 5 1.4 1.6 1.6 1.0 1.4 1.4 2.1 1.9 2.1 5.1 2.9 2.4 5.4 5.9 5.7 6.2 5.6 7-90 1 5 1.4 1.5 1.5 1.0 1.5 1.5 1.9 1.7 1.9 2.7 2.5 2.1 4.5 5.1 2.8 4.1 2.8 0.0 12-88 1-89 2-89 5-89 4-89 5-89 6-89 7-89 8-89 9-89 10-89 11-89 12-89 1-90 2-90 5-90 4-90 5-90 6-90 108.9 108.8 109.4 109.9P 109.9P INITIAL M O N T H P- PREL I M I N A R Y 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 OF ST. LOUIS A U G U S T 16» 1990 7 P E R S O N A L RATIO SCALE MONTHLY T R IL L IO N S OF DOLLARS TOTALS I N C O M E AT ANNUAL RATIO RATES SCALE T R IL L IO N S OF DOLLARS SEASONALLY ADJUSTED 3.8 3. 3.4 3 . 3.0 1982 1983 1984 1985 1986 1987 1988 1989 1990 2 .2 SOURCE» U.S. DEPARTMENT OF COMMERCE PERCENTAGES ARE ANNUAL RATES OF CHANGE FOR PERIODS INDICATED. LATEST DATA PLOTTED» JULY PRELIMINARY PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS PERSONAL INCOME ( C o m p o u n d e d A n n u a l Rates of C h a n g e ) TERMINAL MONTH 12-88 BILLION S OF DOLLARS ANNUAL RATES IN IT IA L MONTH 1-89 2-89 5-89 4-89 5-89 6-89 7-89 8-89 9-89 10-89 11-89 12-89 1-90 2-90 5-90 4-90 5-90 6-90 4,262.1 1-89 18.4 2-89 15.1 11.9 5-89 14.0 11.8 11.7 4-89 11.6 9.4 8.2 4.8 5-89 9.0 6.8 5.2 2.0 4.502.2 4,542.2 4*359.5 -0.7 4,556.8 6-89 8.2 6.5 5.0 2.8 1.8 4.4 7-89 8.1 6.5 5.4 5.9 5.6 5.8 7.5 8-89 7.1 5.6 4.5 5.2 2.7 5.9 5.6 0.1 9-89 6.7 5.5 4.4 5.2 2.9 5.8 5.6 1.8 5.6 10-89 6.8 5.6 4.9 5.9 5.8 4.7 4.8 5.9 5.9 8.5 11-89 7.0 5.9 5.2 4.4 4.4 5.5 5.4 5.0 6.6 8.2 8.1 12-89 7.0 6.0 5.4 4.8 4.8 5.6 5.8 5.5 6.8 7.9 7.8 7.4 1-90 7.2 6.5 5.8 5.5 5.5 6.1 6.5 6.2 7.4 8.4 8.5 8.6 9.9 2-90 7.5 6.5 6.0 5.5 5.6 6.5 6.6 6.5 7.5 8.4 8.4 8.5 9.0 8.1 5-90 7.4 6.7 t .5 5.8 5.9 6.6 6.8 6.8 7.8 8.5 8.5 8.6 9.0 8.6 4,572.5 4,598.2 4,598.7 4,411.6 4,441.0 4,470.0 4,496.7 4,552.2 4,561.6 9.1 4,594.7 4-90 7.2 6.4 6.1 5.6 5.7 6.5 6.5 6.4 7.2 7.8 7.7 7.6 7.6 6.9 6.5 5.6 5-90 7.0 6.5 5.9 5.5 5.6 6.1 6.5 6.2 6.9 7.5 7.2 7.0 7.0 6.2 5.6 5.9 4,608.1 4.5 4,624.4 6-90 6.9 6.5 5.9 5.6 5.6 6.1 6.5 6.2 6.8 7.1 7.0 6.8 6.8 6.1 5.7 4.6 5.1 5.8 7-90 6.9 6.5 6.0 5.7 5.7 6.2 6.5 6.2 6.8 7.1 7.0 6.9 6.8 6.5 5.9 5.2 5.7 6.4 7.0 12-88 1-89 2-89 5-89 4-89 5-89 6-89 7-89 8-89 9-89 10-89 11-89 12-89 1-90 2-90 5-90 4-90 5-90 6-90 4,646.1 4,672.4P I N I TIAL M O N T H P- P R E L I MINARY 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. LOU I S A U G U S T 27, 1990 8 RETAIL SALES RATIO RATIO SCALE BILLIONS OF DOLLARS SCALE B IL L IO N S OF DOLLARS SEASONALLY ADJUSTED I75 165 155 145 135 125 1 15 105 95 85 1982 1983 1984 1985 1986 1987 1988 1989 75 1990 SOURCEt U.S. DEPARTMENT OF COMMERCE PERCENTAGES ARE ANNUAL RATES OF CHANGE FOR PERIODS INDICATED. LATEST DATA PLOTTEDt JUNE, JULY ADVANCE ESTIMATE PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS RETAIL SALES ( C o m p o u n d e d A n n u a l Rates of C h a n g e ) T E RMINAL MONTH 12-88 M I L LIONS OF DOLLARS I NITIAL M O N T H 1-89 2-89 5-89 4-89 5-89 6-89 1-89 6*2 2-89 -0.9 -7 . 5 5-89 -0. 5 -5 . 7 0.5 4-89 5.1 4.7 11.4 25.7 5-89 5. 6 5.4 10.1 15.4 7.6 6-89 4.0 5.6 6.6 8.8 2.0 -5.4 7-89 4.9 4.7 7.5 9.1 4.7 5.2 10.5 8 -89 5.6 5.6 7.9 9.5 6.2 5.7 10.6 7-89 8-8 9 9-89 10-89 11-89 12-89 1-90 2-90 5-90 4-90 5-90 6-90 142,095 141,179 141,214 145,744 144,626 144,210 145,589 10.9 146,649 9-89 5.6 5.5 7.5 8.7 5.9 5.5 8.7 7.9 10-89 5.5 5.0 4.5 4.9 2.1 1.0 2.2 - 0.4 11-89 5.8 5.6 4.9 5.5 5.1 2.4 5.6 2.0 -0. 8 - 5.6 9.4 12-89 5.1 2.9 5.9 4.4 2.2 1.4 2.2 0.7 -1.7 - 5.8 2.5 -4.5 1-90 5.5 5.5 6.7 7.4 5.7 5.5 6.8 6.5 5.4 5.5 15.4 15.4 59.2 2 -90 5.1 5.1 6.2 6.7 5.2 4.9 6.0 5.4 4.5 4.4 9.9 10.1 18.1 0.2 5-90 4.5 4.5 5.5 5.7 4.2 5.9 4.7 4.1 5.1 2.8 6.8 6.2 9.9 -2.5 - 4.7 4 -90 5.4 5.2 4.1 4.4 2.9 2.5 5.1 2.5 1.5 0.8 5.7 2.6 4.5 - 5.2 - 7.8 - 1 0 . 8 5 -90 5.2 5.0 5.7 4.0 2.6 2.2 2.7 2.0 1.0 0.6 5.0 2.0 5.5 -4.1 -5.5 -6.0 6-90 5.7 5.6 4.5 4.6 5.5 5.0 5.6 5.0 2.2 1.9 4 .5 5.6 5.0 -0.8 -1.1 0.2 6.2 15.7 7-90 5.6 5.4 4.1 4.4 5.2 2.9 5.4 2.8 2.1 1.9 5.9 5.5 4.4 -0. 5 -0. 6 0.4 4.5 7.2 1.1 12-88 1-89 2-89 5-89 4-89 5-89 6-89 7-89 8-89 9-89 10-89 11-89 12-89 1-90 2-90 5-90 4-90 5-90 6-90 4.9 147,255 145,244 -5. 6 -15.1 146,540 145,804 149,877 149,904 149,502 147,886 147,781 -0.8 149.574P 149.506E INITIAL M O N T H P- P R E L IMINARY E- E S T I MATED 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. L O UIS AU G U S T 14, 1990 9 H O U R L Y COMPENSATION, BUSINESS SECTOR* ( C o m p o u n d e d A n n u a ) Rates of C h a n g e ) T ERMINAL QUARTER INITIAL Q U A R T E R 5-85 4-85 1-86 2-86 5-86 4-86 1-87 2-87 5-87 4-87 1-88 1982*100 2-88 5-88 4-88 1-89 2-89 5-89 4-89 1-90 115.5 4-85 6.1 1-86 5.7 5.5 2-86 5.5 4.9 4.5 5-86 5.1 4.8 4.5 116.8 *18.1 119.4 4.5 120.9 4-86 5.1 4.9 4.7 4.8 5.1 1-87 4.7 4.4 4.2 4.1 5.9 2.7 2-87 4.5 4.0 5.7 5.5 5.1 2.2 121.7 122.2 1.7 125.5 5-87 4.5 4.0 5.8 5.6 5.4 2.9 5.0 4.5 4-87 4.6 4.4 4.2 4.2 4.1 5.9 4.5 5.6 7.0 1-88 4.5 4.4 4.2 4.2 4.1 4.0 4.5 5.2 5.6 4.2 2-88 4.6 4.5 4.4 4.4 4.5 4.2 4.5 5.2 5.5 4.8 125.6 126.9 128.6 5.5 5-88 4.7 4.5 4.5 4.5 4.5 4.4 4.7 5.5 5.5 5.0 5.4 5.4 4-88 4.6 4.5 4.4 4.4 4.4 4.5 4.5 5.0 5.1 4.7 4.9 4.6 5.7 150.5 151.5 1-89 4.4 4.5 4.2 4.2 4.2 4.1 4.2 4.6 4.6 4.2 4.2 5.7 2.9 2.1 2-89 4.5 4.2 4.1 4.0 4.0 5.9 4.0 4.5 4.5 5.9 5.8 5.4 2.8 2.5 2.4 5-89 4.1 4.0 5.9 5.8 5.8 5.6 5.7 4.0 5.9 5.5 5.4 5.0 2.4 1.9 1.8 4-89 4.0 5.9 5.8 5.7 5.7 5.6 5.6 5.8 5.8 5.4 5.5 2.9 2.4 2.1 2.1 2.0 2.7 1-90 4.0 5.9 5.8 5.7 5.7 5.6 5.6 5.8 5.8 5.4 5.5 5.0 2.6 2.4 2.5 2.5 5.2 5.6 2-90 4.1 4.0 5.9 5.9 5.8 5.7 5.8 4.0 4.0 5.7 5.6 5.4 5.1 5.0 5.2 5.4 4.1 4.8 6.0 5-85 4-85 1-86 2-86 5-86 4-86 1-87 2-87 5-87 4-87 1-88 2-88 5-88 4-88 1-89 2-89 5-89 4-89 1-90 152.2 155.0 155.4 1.2 154.5 155.5 157.5P INITIAL QUAR T E R •»DATA R E BASED A N D R E VISED H I S T O RICALLY P- PRELIMINARY P R E P A R E D BY F E D E R A L R E S E R V E B A N K O F ST. L O UIS A U G U S T 6» 1990 O U T P U T PER H O U R O F ALL PERSONS, BUSINESS SECTOR* ( C o m p o u n d e d A n n u a l Rates of C h a n g e ) TERMINAL QUARTER INITIAL Q U A R T E R 5-85 4-85 1-86 2-86 5-86 4-86 1.5 1-86 4.5 7.2 2-86 2.5 5.0 -1.1 5-86 1.5 1.5 -1.5 -1.5 4-86 1.5 1.5 -0.6 -0.4 0.7 1.1 -0.4 -0.1 0.5 0.4 1.5 0.4 0.7 1.5 1.8 1.2 1.8 1-87 1.2 1.5 5-87 1.7 2-87 5-87 4-87 1-88 1982*100 2-88 5-88 4-88 1-89 2-89 5-89 4 -89 1-90 108.1 4-85 2-87 1-87 1.7 110.0 0.8 109.7 109.5 109.5 2.2 109.6 110.5 5.5 5.1 2.9 111.5 112.0 4-87 1.8 1.8 1.0 1.4 2.0 2.5 2.9 2.7 2.5 1-88 2.0 2.0 1.4 1.8 2.5 2.6 5.2 5.1 5.5 4 .0 2-88 1.7 1.7 1.1 1.4 1.8 2.0 2.5 2.1 1.8 1.4 -1.1 5-88 1.8 1.8 1.5 1.5 1.9 2.1 2.4 2.2 2.0 1.8 0.7 2.5 4-88 1.5 1.5 1.0 1.2 1.5 1.6 1.8 1.6 1.5 1.0 0.0 0.5 1-89 1.5 1.5 1.0 1.2 1.4 1.5 1.7 1.4 1.2 0.9 0.2 0.6 -0.4 0.7 1.1 1.5 1.4 1.5 1.5 1.0 0.8 0.1 0.4 -0.2 0.4 0.0 115.1 112.8 115.5 -1.4 115.1 115.5 2-89 1.4 1.4 0.9 5-89 1.2 1.1 0.7 0.9 1.1 1.1 1.2 0.9 0.7 0.4 -0. 2 0.0 -0.6 -0.4 - 0.9 - 1.8 4-89 1.0 1.0 0.6 0.7 0.8 0.8 0.9 0.6 0.4 0.1 -0. 4 -0.5 -0.8 -0.7 - 1.2 -1.8 -1.8 1-90 0.9 0.8 0.4 0.5 0.7 0.7 0.7 0.5 0.2 0.0 -0.5 -0.5 -0.9 -0.8 - 1.2 -1.6 -1.6 - 1.4 2-90 0.9 0.9 0.5 0.6 0.7 0.7 0.8 0.6 0.4 0.1 -0.5 -0.2 -0.6 -0.4 -0. 6 -0.8 - 0.5 0.2 1.8 5-85 4-85 1-86 2-86 5—8 6 4-86 1-87 2-87 5-87 4 -87 1-88 2-88 5-88 4— 8 8 1-89 2-89 5-89 4-89 1-90 ■DATA R E B A S E D A N D R E V I S E D HISTOR I C A L L Y P- P R ELIMINARY 115.5 112.8 112.5 111.9 112.4P I N ITIAL Q U A R T E R 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. L O UIS A U G U S T 6 . 1990 10 PRODUCTIVITY, RATIO COMPENSATION, AND LABOR SCALE 1982-100 1982 C O S T S RATIO SEASO N ALLY 1983 1984 1985 1 9 8 2 *1 0 0 A D JU S T E D 1986 * SCALE 1987 1988 1989 1990 SOURCE: U .S. DEPARTMENT OF LABOR PERCENTAGES ARE ANNUAL RATES OF CHANGE FOR PERIODS INDICATED. LATEST DATA PIOTTEO: 2ND OUARTER PRELIMINARY «R E V IS E D FROM 1987 AND REBASED HISTORICALLY PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS UN I T L A B O R COSTS, BUSINESS SECTOR* ( C o m p o u n d e d A n n u a l Rates of C h a n g e ) INITIAL QUARTER TERMINAL QUARTER 3-85 4-85 1-86 2-86 3-86 4-86 1-87 2-87 3-87 4-87 1-88 1982*100 2-88 3-88 4-88 1-89 2-8 9 3-89 4-89 1-90 106.7 4-85 5.0 1-86 1.5 -1.9 2-86 2.8 1.7 106.2 107.6 5.4 3-86 3.6 3.1 5.7 6.1 4-86 3.8 3.5 5.3 5.3 4.5 1-87 3.5 3.2 4.5 4.2 3.3 2.2 2-87 2.8 2.4 3.3 2.8 1.7 0.4 -1.4 109.2 110.4 lil.O 110.6 3-87 2.6 2.3 3.0 2.5 1.6 0.7 0.0 1.5 4-87 2.8 2.5 3.1 2.8 2.1 1.5 1.3 2.7 4.0 1-88 2.5 2.3 2.8 2.4 1.8 1.3 1.1 1.9 2.2 0.4 2-88 2.9 2.7 3.2 2.9 2.5 2.2 2.2 3.1 3.6 3.4 6.6 3-88 2.9 2.7 3.2 2.9 2.5 2.3 2.3 3.0 3.4 3.2 4.7 2.8 4-88 3.1 2.9 3.4 3.2 2.8 2.6 2.7 3.4 3.8 3.7 4.9 4.1 5.3 1-89 3.0 2.8 3.2 3.0 2.7 2.5 2.5 3.1 3.4 3.3 4.0 3.2 3.3 2-89 2.9 2.8 3.1 2.9 2.7 2.5 2.5 3.0 3.3 3.1 3.7 3.0 3.0 1.9 2.4 3-89 2.9 2.8 3.1 2.9 2.7 2.5 2.5 3.0 3.2 3.1 3.5 2.9 3.0 2.2 2. 6 2.8 4-89 3.0 2.9 3.2 3.1 2.8 2.7 2.8 3.2 3.4 3.3 3.7 3.2 3.3 2 .8 3.3 3.8 4.8 1-90 3.1 3.0 3.3 3.2 3.0 2.9 2.9 3.4 3.5 3.5 3.9 3.5 3.6 3.3 3.8 4.2 5.0 5.1 2-90 3.2 3.1 3.4 3.3 3.1 3.0 3.0 3.4 3.6 3.5 3.9 3.6 3.7 3.4 3.8 4.2 4.7 4.6 4.0 3-85 4- 8 5 1-86 2-86 3-86 4-86 1-87 2-87 3-87 4-87 1-88 2-88 3-88 4-88 1-89 2- 8 9 3-89 4-89 1-90 «DATA R E B A S E D A N D R E V I S E D HIS T O R I C A L L Y 111.0 112.1 112.2 114.0 114.8 116.3 1.4 116.7 117.4 118.2 119.6 121.1 1 2 2 . 3P INITIAL QUARTER P - P R ELIMINARY 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 A U G U S T 6 » 1990 11 G R O S S N A T I O 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 ( C o m p o u n d e d A n n u a l Rates of C h a n g e ) I NITIAL QUA R T E R terminal QUARTER 3-85 4-85 1-86 2-8 6 3-86 4-86 1-87 2-87 3-87 4-87 1-88 2 -88 3-88 4-88 1-89 2 -89 4-89 3-89 1-90 B I L L I O N S OF DOLLARS ANNUAL RATES 4. 107.9 4-85 6.2 1—86 6.7 7.3 2-86 4.9 4.3 1.3 3-86 5.1 4.7 3.5 5.7 4-86 4.9 4.6 3.7 5.0 4.2 1-87 5.6 5.5 5.0 6.3 6.6 9.1 2 -87 5.9 5.8 5.5 6.6 6.9 8.3 7.5 3-87 6.1 6.0 5.8 6.8 7.0 8.0 7.4 7.4 4-87 6.3 6.4 6.2 7.1 7.4 8.2 7.8 8.0 8.7 1-88 6.5 6.5 6.4 7.2 7.4 8.1 7.8 8.0 8.3 7.8 2-88 6.7 6.7 6.6 7.3 7.6 8.1 7.9 8.0 8.3 8.1 8.3 4. 181.3 4.19 4 . 7 4. 253.3 4 . 297.3 4 . 391.6 4.47 1 . 6 4 . 551.7 4*64 7 . 6 4.73 5 . 8 4 . 831.4 3-88 6.7 6.8 6.7 7.3 7.5 8.0 7.8 7.9 8.0 7.8 7.8 7.4 4-88 6.8 6.8 6.8 7.4 7.5 8.0 7.8 7.9 8.0 7.8 7.8 7.5 7.7 4 . 917.9 5.00 9 . 8 1-89 6.8 6.9 6.9 7.4 7.5 7.9 7.8 7.8 7.9 7.7 7.7 7.5 7.6 7.5 2-89 6.8 6.8 6.8 7.2 7.4 7.7 7.6 7.6 7.6 7.4 7.3 7.1 7.0 6.7 5.8 5.10 1 . 3 3-89 6.7 6.7 6.7 7.1 7.2 7.5 7.3 7.3 7.3 7.1 7.0 6.7 6.5 6.1 5.5 5.1 4-89 6.5 6.5 6.5 6.8 6.9 7.2 7.0 6.9 6.9 6.7 6.5 6.2 6.0 5.6 4.9 4.5 3.9 1-90 6.5 6.5 6.5 6.8 6.9 7.1 7.0 6.9 6.9 6.7 6.5 6.3 6.1 5.8 5.4 5.2 5.3 6.7 2-90 6.5 6.5 6.4 6.8 6.8 7.0 6.9 6.8 6.8 6.6 6.5 6.2 6.1 5.8 5.5 5.4 5.5 6.2 5.8 3-85 4-85 1-86 2-86 3-86 4-86 1-87 2-87 3-87 4-87 1-88 2-88 3-88 4-88 1-89 2-89 3-89 4 -89 1-90 5.1 7 4 . 0 5.2 3 8 . 6 5 . 2 89.3 5.3 7 5 . 4 5.451 . 9 P INITIAL QUARTER P- PR E L I M I N A R Y P R E P A R E D BY F E D E R A L R E S E R V E BAN K O F ST. L O U I S A U G U S T 24. 1990 G R O S S N A T I O N A L P R O D U C T I N 1982 D O L L A R S ( C o m p o u n d e d A n n u a l Rates of C h a n g e ) TERMINAL Q U A RTER INITIAL QUA R T E R 3-85 4-85 3.0 4-85 1-86 2-86 3-86 4-86 1-87 2-87 3-87 4-87 1-88 2-88 4-88 3-88 1-89 2-89 4-89 3-89 1-90 B I L L I O N S OF D O L L AR S A N N U A L RAT E S 3.662.4 1-86 4.7 6.6 2-86 2.5 2.3 -1.8 3.721.1 3.704.6 3 -86 2.1 1.8 -0.5 0.8 4-86 2.1 1.9 0.4 1.6 2.3 1-87 2.6 2.6 1.6 2.8 3.7 5.2 2-87 2.9 2.9 2.1 3.1 3.9 4.7 4.2 3.712.4 3.733.6 3.781.2 3.820.3 3-87 3.0 3.0 2.5 3.3 3.9 4.5 4.2 4.1 4 -87 3.4 3.5 3.0 3.9 4.5 5.0 4.9 5.3 6.6 1-88 3.6 3.7 3.3 4.0 4.6 5.0 5.0 5.3 5.9 2 -88 3.6 3.7 3.3 4.0 4.4 4.8 4.7 4.9 3.858.9 3.920.7 3.970.2 5.1 4.4 3.6 4 . 0 05.8 3-88 3.5 3.6 3.3 3.8 4.2 4.5 4.4 4.4 4.5 3.8 3.1 2.7 4-88 3.4 3.5 3.2 3.7 4.1 4.3 4.1 4.1 4.1 3.5 3.0 2.7 4 .032.1 4.05 9 . 3 2.7 1-89 3.5 3.5 3.2 3.7 4.0 4.2 4.1 4.1 4.1 3.6 3.2 3.0 3.2 3.6 2 -89 3.3 3.4 3.1 3.5 3.8 3.9 3.8 3.8 3.7 3.2 2.9 2.7 2.7 2.6 4 ,095.7 4 . 112.2 1.6 3-89 3.2 3.3 3.0 3.4 3.6 3.7 3.6 3.5 3.4 3.0 2 .7 2.5 2.4 2 .3 1.7 1.7 4 -89 3.1 3.1 2.8 3.2 3.4 3.4 3.3 3.2 3.1 2.7 2.3 2.1 2.0 1.8 1.2 1.0 0.3 1-90 3.0 3.0 2.8 3.1 3.2 3.3 3.2 3.1 3.0 2.6 2.2 2.0 1.9 1.8 1.3 1.2 1.0 1.7 2-90 2.9 2.9 2.7 3.0 3.1 3.2 3.0 2.9 2.4 2.1 1.9 1.8 1.7 1.3 1.2 1.1 1.4 1.2 3-85 4-85 1-86 2-86 3-86 4-86 1-87 2-87 4-87 1-88 2-88 3-88 4-88 1-89 2-8 9 3 -89 4-89 1-90 3-87 4 . 129.7 4 . 133.2 4 .1 5 0 . 6 4 » 162.8P I NITIAL QUA R T E R P- PRELI M I N A R Y 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. L O U I S AU G U S T 24. 1990 12 G R O S S RATIO SCALE 1982 N A T I O N A L P R O D U C T QUARTERLY TOTALS AT ANNUAL RATES 1983 1984 1985 1986 1987 RATIO 1988 1989 SCALE 1990 SOURCE« U .S . DEPARTMENT OF COMMERCE PERCENTAGES ARE ANNUAL RATES OF CHANGE FOR PERIOOS INOICATED. LATEST DATA PLOTTED« 21» OUARTER PRELIMINARY PREPARED 13 BY FEDERAL RESE R V E BAN K OF ST. LOUIS GENERAL PRICE RATIO INDEX* SCALE RATIO 1982-100 135 130 SCALE 1982-100 135 i 1 5« $ § 1 * % ^ / l 3 1 .0 130 1 125 125 y 120 120 115 115 * S .2 x X . 1 7 I 10 110 105 105 s - p ^ 100 100 (/ M Û IT * . '4 m 1 1 95 1982 1983 1984 1985 1986 1987 *TX > 'M m ♦ o r* . w L J 1988 1989 „ 1990 95 *AS USED IN NATIONAL INCOME ACCOUNTS SOURCEt U.S. DEPARTMENT OF COMMERCE PERCENTAGES ARE ANNUAL RATES OF CHANGE FOR PERIODS INDICATED. LATEST DATA PLOTTEDt 2ND QUARTER PRELIMINARY PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS IMPLICIT PRICE D E F L A T O R F O R G R O S S N A T I O N A L P R O D U C T ( C o m p o u n d e d A n n u a l Rates of C h a n g e ) TERMINAL QUARTER IN IT IA L QUARTER 3-85 4-85 1-86 2-86 3-86 4-86 1-87 2-87 3-87 4-87 1-88 1982 * 100 2-88 3-88 4-88 1-89 2-89 3-89 4-89 1-90 112.2 4-85 3.3 1-86 2.0 2-86 2.3 1.8 2.9 3-86 3.0 2.9 4.0 5.0 4-86 2.7 2.6 3.2 3.4 1.8 112.4 0.7 113.2 114.6 115.1 116.1 1-87 2.9 2.8 3.3 3.4 2.6 3.5 2-87 2.9 2.8 3.3 3.4 2.8 3.3 3.1 3-87 3.0 2.9 3.3 3.4 3.0 3.4 3.3 3.5 4-87 2.8 2.8 3.1 3.1 2.7 3.0 2.8 2.6 1.7 1-88 2.8 2.8 3.0 3.0 2.7 2.9 2.8 2.6 2.2 2-88 3.0 2.9 3.2 3.2 3.0 3.2 3.1 3.1 2.9 3.6 4.4 3-88 3.1 3.1 3.3 3.4 3.2 3.4 3.4 3.4 3.4 4.0 4.6 4.7 4-88 3.2 3.2 3.5 3.5 3.3 3.5 3.5 3.6 3.6 4.1 4.6 4.7 4.7 1-89 3.3 3.3 3.5 3.6 3.4 3.6 3.6 3.7 3.7 4.1 4.4 4.4 4.3 3.9 2-89 3.3 3.3 3.5 3.6 3.4 3.6 3.6 3.7 3.7 4.1 4.3 4.3 4.2 3.9 3.9 3-89 3.3 3.3 3.5 3.6 3.4 3.6 3.6 3.6 3.7 3.9 4.1 4.1 3.9 3.7 3.6 3.2 4-89 3.3 3.3 3.5 3.6 3.5 3.6 3.6 3.7 3.7 3.9 4.1 4.0 3.9 3.7 3.7 3.5 3.8 1-90 3.4 3.4 3.6 3.7 3.6 3.7 3.7 3.8 3.8 4.0 4.2 4.2 4.1 3.9 3.9 3.9 4.3 4.8 2-90 3.5 3.5 3.7 3.7 3.6 3.8 3.8 3.8 3.9 4.1 4.2 4.2 4.2 4.1 4.1 4.1 4.4 4.7 4.7 3-85 4-85 1-86 2-86 3-86 4-86 1-87 2-87 3-87 4-87 1-88 2-88 3-88 4-88 1-89 2-89 3-89 4-89 1-90 117.0 118.0 118.5 2.7 119.3 120.6 122.0 123.4 124.6 125.8 126.8 128.0 129.5 131.OP I N ITIAL Q U A R T E R P - PRE L I M I N A R Y 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 A U G U S T 24» 1990 14 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 m p o u n d e d A n n u a l Rates of C h a n g e ) T E RMINAL Q U ARTER B I L L I O N S OF DOLLARS ANNUAL RATES INITIAL QUARTER 3-85 4-85 6.0 4-85 1-86 2-86 3-86 4-86 1-87 2-87 3-87 4-87 2-88 1-88 3-88 4-88 1-89 2-89 3-89 4-8 9 1-90 2,7 0 0 . 4 1-86 5.6 5.1 2-86 5.0 4.5 4.0 2,7 3 4 . 3 3-86 6.2 6.2 6.8 9.8 4-86 6.2 6.2 6.6 7.9 6.2 2,7 6 1 . 0 2,8 2 6 . 0 2,8 6 8 . 5 1-87 6.4 6.4 6.8 7.7 6.7 7.3 2-87 6.8 7.0 7.3 8.2 7.7 8.4 9.6 3-87 7.1 7.2 7.6 8.3 8.0 8.6 9.3 2 , 9 19.5 2 , 9 87.2 8.9 3,051.6 4-87 6.7 6.8 7.0 7.5 7.1 7.3 7.4 6.2 3.7 1-88 6.9 7.0 7.3 7.8 7.5 7.7 7.8 7.2 6.4 9.2 3.079.1 3.147.7 2-88 7.0 7.1 7.3 7.7 7.4 7.7 7.7 7.3 6.7 8.3 7.4 3-88 7.1 7.2 7.4 7.8 7.5 7.7 7.8 7.5 7.1 8.3 7.8 8.2 4-88 7.2 7.3 7.5 7.8 7.6 7.8 7.9 7.6 7.3 8.2 7.9 8.2 8.1 3*204.3 3.268.2 3*332.6 1-89 7.0 7.1 7.2 7.5 7.3 7.4 7.5 7.2 6.9 7.5 7.1 7.0 6.4 4.8 2-89 7.0 7.0 7.2 7.5 7.3 7.4 7.4 7.1 6.8 7.4 7.0 6.9 6.5 5.7 3*371.7 3 * 425.9 6.6 3*484.3 3-89 7.0 7.0 7.2 7.4 7.2 7.3 7.3 7.1 6.9 7.3 7.0 6.9 6.6 6.1 6.8 7.0 4-89 6.8 6.8 7.0 7.2 7.0 7.0 7.0 6.8 6.5 6.9 6.6 6.4 6.1 5.6 5.8 5.5 4.0 1-90 6.9 6.9 7.0 7.2 7.1 7.1 7.1 6.9 6.7 7.0 6.8 6.7 6.4 6.1 6.4 6.4 6.0 8.2 2-90 6.7 6.8 6.9 7.0 6.9 6.9 6.9 6.7 6.4 6.7 6.5 6.3 6.1 5.7 5.9 5.8 5.4 6.1 4.1 3-85 4-85 1-86 2-86 3-86 4-86 1-87 2-87 3-87 4-87 1-88 2-88 3-88 4-88 1-89 2 -89 3-89 4 -89 1-90 3*518.5 3*588.1 3 * 6 2 3 . 9P INITIAL QUARTER P- P R E L IMINARY 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 AUG U S T 24, 1990 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 I N 1982 D O L L A R S ( C o m p o u n d e d A n n u a l Rates of C h a n g e ) TE RMINAL QUARTER INITIAL QUARTER 3-85 4-85 1-86 2-86 3-86 4-86 4-85 1.9 1-86 3.0 4.1 2-86 3.2 3.8 3.6 3-86 3.7 4.4 4.5 4-86 3.4 3.8 3.7 3.8 2.2 1-87 3.0 3.2 3.0 2.7 1.4 0.7 2-87 3.2 3.4 3.3 3.2 2.5 2.6 1-87 2-87 3-87 4-87 1-88 2-88 3-88 4-88 1-89 2-89 3-89 4-89 1-90 B I L L I O N S OF DO L L A R S AN N U A L R A T E S 2* 3 8 6 . 9 2* 4 1 0 . 9 2*4 3 2 . 4 5.4 2*464.4 2* 4 7 7 . 8 2* 4 8 2 . 2 4.5 2* 5 0 9 . 9 3-87 3.3 3.5 3.4 3.4 2.9 3.2 4.4 4.3 4-87 2.9 3.0 2.9 2.8 2.3 2.3 2.8 1.9 -0.4 1-88 3.3 3.5 3.4 3.4 3.0 3.2 3.8 3.6 3.2 6.9 2-88 3.2 3.4 3.3 3.3 3.0 3.1 3.6 3.4 3.0 4.8 2.7 3-88 3.3 3.4 3.3 3.3 3.0 3.2 3.6 3.4 3.1 4.3 3.1 3.5 4-88 3.3 3.4 3.3 3.3 3.1 3.2 3.6 3.4 3.2 4.1 3.2 3.5 1-89 3.0 3.1 3.0 3.0 2.7 2.8 3.1 2.9 2.6 3.2 2.3 2.2 1.6 -0. 3 2-89 2.9 3.0 2.9 2.8 2.6 2.7 2.9 2.7 2.4 2.9 2.1 2.0 . 1.5 0.5 1.3 2*536.6 2*534.2 2*576.8 2 * 594.1 2*6 1 6 . 4 3.5 2,638.8 2,636.7 2,645.3 3-89 3.0 3.1 3.0 3.0 2.8 2.8 3.0 2.9 2 .7 3.1 2.5 2.5 2.3 1.8 2.9 4.6 4-89 2.8 2.8 2.8 2.7 2.5 2.5 2.7 2.5 2 .3 2.6 2.0 1.9 1.6 1.2 1.7 1.9 -0.8 1-90 2.7 2.7 2.7 2.6 2.4 2.4 2.6 2.4 2.2 2.5 1.9 1.8 1.5 1.2 1.5 1.6 0.1 1.1 2 -90 2.6 2.6 2.5 2.4 2.3 2.3 2.4 2.2 2.0 2.3 1.7 1.6 1.4 1.0 1.3 1.3 0.2 0.7 0.3 3-85 4-85 1-86 2-86 3-86 4-86 1-87 2-87 3-87 4-87 1-88 2-88 3-88 4-88 1-89 2-89 3-89 4-8 9 1-90 2,675.3 2,669.9 2, 6 7 7 . 3 2 , 6 7 9 . 3P INITIAL QUARTER P- P R E LIMINARY 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 OF ST. L O U I S A U G U S T 24, 1990 15 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 Rates of C h a n g e ) BI L L I O N S O F DO L LA R S ANNUAL RATES I NITIAL QUAR T E R T E RMINAL QUARTER 5-85 4-85 18.7 4-85 1-86 2-86 5-86 4-86 1-87 2-87 5-87 4-87 1-88 2-88 5-88 4-88 1-89 2-89 5-89 4-89 654.1 1—86 19.1 2-86 6.5 19.4 1.0 - 14.7 5-86 5.4 -1 . 5 -10.5 -5. 7 4-86 2.8 -0. 8 -6. 8 -2. 5 0.7 1-87 5.5 2.8 -1.0 4.0 9.2 18.5 2-87 5.6 5.6 0.7 4.9 8.7 12.9 5-87 5.0 5.2 0.7 4.0 6.6 8.7 4.2 0.6 4-87 7.8 6.5 4.7 8.4 11.4 14.5 12.9 15.6 685.8 657.2 647.7 648.8 676.7 7.8 689.5 690.6 52.8 741.4 1-88 6.2 4.9 5.5 6.1 8.2 9.8 7.8 7.7 11.5 -6.4 2-88 6.5 5.4 5.9 6.5 8.4 9.8 8.1 8.2 10.8 1.2 9.5 5-88 6.9 5.9 4.6 7.0 8.7 9.9 8 .6 8.7 10.9 4.4 10.2 10.9 4-88 5.6 4.5 5.5 5.5 6.6 7.5 5.9 5.5 6.5 0.8 5.4 0.4 -9.1 1-89 6.0 5.1 4.0 5.9 7.1 7.9 6.7 6.5 7.5 5.0 5.6 4.5 1.1 12.4 2-89 5.9 5.0 4.0 5.7 6.8 7.5 6.5 6.1 6.9 5.1 5.2 4.1 1.9 8.0 5.7 5-89 5.5 4.7 5.7 5.2 6.2 6.7 5.6 5.4 6.0 2.6 4.2 5.2 1.5 5.1 1.6 -0.5 729.2 746.0 765.6 747.5 769.7 776.7 775.8 5.0 4.5 5.2 5.5 4.4 4.1 4.5 1.4 2.6 1.5 -0.5 2.0 -1.2 -5.6 -6.6 5.2 2.2 5.5 4.2 4.4 5.4 5.0 5.2 0.5 1.2 0.1 -1.6 0.0 -2.9 -5.0 -7.2 2-90 4.2 5.4 2.5 5.7 4.4 4.6 5.7 5.5 5.6 1.0 1.9 1.0 -0.4 1.2 -1.0 -2.1 -2.6 5-85 4-85 1-86 2-86 5-86 4-86 1-87 2-87 5-87 4-87 1-88 2-88 5-88 4-88 1-89 2-89 5-89 762.7 -7.9 4-89 747.2 M rs. 5.9 4.0 1 4.7 1-90 0 4-89 760 . 5P 1-90 INITIAL QUA R T E R P- P R E L I M I N A R Y P R E P A R E D BY F E D E R A L R E SERVE B A N K O F ST. L O U I S A U G U S T 24, 1990 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 I N 1982 D O L L A R S ( C o m p o u n d e d A n n u a l Rates of C h a n g e ) TERMINAL QUA R T E R INITIAL QUAR T E R 5-85 4-85 1-86 2-86 4-85 20.8 1-86 19.6 2-86 5.5 -1 . 8 - 1 8 . 5 5-86 1.1 - 4 . 7 - 1 4 . 5 - 1 0.5 4-86 -0.4 1-87 2.8 5-86 4-86 1-87 2-87 ?-87 4-87 1-88 2-88 5-88 4-88 1-89 2-89 5-89 4-89 1-90 B I L L I O N S OF DOLLARS ANNUAL RATES 648.0 676.1 18.5 -5.1 -11 . 8 -0. 4 -4 . 6 642.5 625.1 -8.5 -6.2 0.5 6.4 615.2 20.6 644.7 659.1 2-87 5.7 1.1 -2 . 0 2.6 7.5 14.8 5-87 5.8 1.6 -1.0 2.9 6.5 11.1 6.6 4.1 4-87 6.1 4.4 2.6 6.6 10.5 14.9 15.0 14.9 26.9 1-88 5.0 5.4 1.6 4.9 7.7 10.7 8.5 8.0 10.1 -4.6 9.2 665.7 706.6 698.4 2-88 4.9 5.4 1.9 4.8 7.1 9.5 7.4 7.0 8 .0 -0.4 5.9 5-88 5.4 4.1 2.7 5.4 7.5 9.7 7.9 7.7 8.6 5.1 7.2 4-88 5.7 2.4 1.1 5.5 4.9 6.4 4.5 5.7 5.6 -1. 5 -0. 4 1-89 4.5 5.2 2.0 4.1 5.6 7.0 5.5 4.9 5.1 1.2 2.7 2.5 2-89 4.1 5.0 1.9 5.8 5.2 6.4 5.0 4.5 4.5 1.2 2.4 2.0 -0.7 6.7 1.2 5-89 4.0 2.9 1.9 5.7 4.9 6.0 4.7 4.2 4.2 1.5 2.5 1.9 -0.1 5 .0 1.5 1.8 4-89 5.5 2.5 1.5 2.9 4.0 4.8 5.5 5.0 2.8 0.2 0.9 0.4 -1.5 1.9 -1.5 -2. 8 -7.1 1-90 2.8 1.9 0.9 2.5 5.5 4.1 2.8 2.5 2.1 -0.4 0.2 - 0.4 -2.1 0.5 -2.5 -5.4 -5.9 - 4.7 2-90 2.7 1.8 0.9 2.5 5.2 5.9 2.7 2.1 2.0 - 0.2 0.5 -0.2 -1.6 0.6 - 1.6 -2. 5 -5.6 -1.9 1.0 5-85 4-85 1-86 2-86 5-86 4-86 1-87 2-87 5-87 4-87 1-88 2-88 5-88 4-88 1-89 2-89 5-89 4-89 1-90 705.1 725.0 10.5 -2. 5 -14.0 -1.7 696.2 717.0 12.5 719.1 722.5 709.1 700.7 702.5P INITIAL QUARTER P- P R E L I M I N A R Y P R E P A R E D BY F E D E R A L RES E R V E BANK OF ST. L O U I S A UGUST 24, 1990 16 G O V E R N M E N T P U R C H A S E S O F G O O D S A N D 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 A n n u a l Rates of C h a n g e ) TERMINAL QUARTER 3-85 4-85 1-86 2-86 5-86 4-86 8.1 1-86 2.4 -5.0 2-86 4.6 5.0 9.2 5-86 4.8 5.7 7.2 5.2 4.6 5.8 6.1 4.6 4.0 5.0 4.4 6.4 5.4 5.6 7.2 5.6 4.8 4.6 5.0 1-87 2-87 5-88 4-88 1-89 2-89 BI L L I O N S OF DOLLARS 5 -89 4-89 1-90 856.7 4-85 4-86 1-87 INITIAL QUARTER A N N U A L RAT E S 5-87 4-87 1-88 2-88 850.5 869 . 5 88 0 . 5 88 8 . 9 904.5 2.8 910.7 2-87 4.7 4.2 5-87 5.1 4.7 6.0 5.4 5.5 6.0 5.4 8.1 4.9 6.0 5.5 5.6 6.0 5.6 7.0 5.9 942.0 4.6 4.5 4.7 4.0 4.4 2.7 -0.5 940.9 4.8 4.8 4.9 4.5 4.9 5.9 2.9 4.2 4.1 4.1 5.6 5.8 2.7 1.7 6.1 5.9 6.4 6.1 6.2 8.5 9.6 20.8 5.8 5.6 6.0 5.7 5.6 7.2 7.5 11.8 5.4 6.0 5.7 9.7 4.6 4-87 5.2 1-88 4.6 4.5 5.2 2-88 4.8 4.5 5.5 5-88 4.5 4.0 4.7 4-88 5.5 5.5 6.1 5.8 5.8 1-89 5.4 5.1 5.9 5.5 5.6 928.5 955.4 6.5 2.8 955.8 - 0.7 1 ,000.0 1 ,008.5 1 ,022.7 5.8 2-89 5.4 5.2 5.8 5.6 5.6 5.8 5.6 5.6 6.9 7.0 5-89 5.2 5.0 5.6 5.5 5.5 5.4 5.2 5.5 5.2 5.1 6.1 6.0 7.8 5.7 5.9 2.0 5.6 5.5 5.2 6.1 6.0 7.4 4 .5 4.6 4.1 6.2 6.0 5.8 5.8 6.6 6.7 8.0 5.6 6.1 6.2 8.4 10.7 5.9 6.6 6.6 7.7 5.7 6.1 6.2 7.7 8.5 6.5 4-87 1-88 2-88 5-88 4-88 1-89 2-89 5-89 4 -89 1-90 4-89 5.2 5.0 5.6 5.4 5.4 5.5 5.5 1-90 5.5 5.4 5.9 5.7 5.7 5.9 5.8 2-90 5.6 5.4 5.9 5.7 5.8 5.9 5.8 6.1 5.9 5-85 4-85 1-86 2-86 5-86 4-86 1-87 2-87 5-87 1 ,027.8 1 ,045.5 1 ►070.1 1 » 08 6 .6P INITIAL QUARTER P- PRELIMINARY 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 A U G U S T 24, 1990 G O V E R N M E N T P U R C H A S E S O F G O O D S A N D S E R V I C E S I N 1982 D O L L A R S ( C o m p o u n d e d A n n u a l Rates of C h a n g e ) T ERMINAL Q U A RTER 5-85 4-85 1-86 2-86 5-86 4-86 4-85 1.6 1-86 - 1.5 -4.5 2-86 2.0 2.5 9.5 5-86 2.1 2.2 5.8 4-86 2.8 5.1 5.8 5.9 5.8 1-87 2.5 2.4 4.2 2.5 2.8 -0.2 2-87 1.5 1.5 2.7 1.1 0.7 -1.7 1-87 2-87 INITIAL QUARTER ANNUAL RATES 5-87 4-87 1-88 2-88 5-88 4 -88 1-89 2-8 9 B I L L I O N S OF DOLLARS 5-89 4-89 1-90 752.7 744.1 761.2 2.1 765.2 776.0 775.7 -5.2 769.5 5-87 2.0 2.0 5.2 2.0 1.9 0.7 1.1 5.5 4-87 2.4 2.5 5.6 2.6 2.7 2.0 2.7 5.7 6.0 1-88 1.2 1.2 1.9 0.8 0.6 -0.4 -0.4 0.5 - 1.9 779.8 791.5 -9.2 772.4 2-88 1.4 1.4 2.0 1.1 1.0 0.2 0.5 1.2 - 0.2 -5.2 5.5 5-88 0.9 0.9 1.4 0.6 0.4 -0.4 -0.4 0.2 -1.1 -5.4 -0.5 - 5. 8 4-88 2.0 2.0 2.7 2.0 2.0 1.5 1.8 2.6 2.1 1.1 4.8 5.5 15.7 1-89 1.6 1.6 2.2 1.5 1.4 1.0 1.1 1.7 1.1 0.2 2.7 2.5 5.8 -5.5 2-89 1.8 1.8 2.5 1.7 1.7 1.5 1.4 2.0 1.5 0.8 5.0 2.9 5.2 0.5 4.0 5-89 1.5 1.5 2.0 1.4 1.5 0.9 1.0 1.5 1.0 0.4 2.0 1.8 5.2 -0.6 0.8 -2.4 4-89 1.6 1.6 2.0 1.5 1.5 1.1 1.2 1.7 1.5 0.7 2.2 2.0 5.2 0.5 1.5 0.5 778.7 771.2 799.9 795.2 801.0 796.2 5.0 802.2 1-90 1.7 1.7 2.1 1.6 1.6 1.2 1.4 1.8 1.4 0.9 2.5 2.1 5.1 0.8 1.9 1.2 5.0 2 .9 2-90 1.9 1.9 2.5 1.9 1.9 1.6 1.8 2.2 1.9 1.5 2.7 2.7 5.6 1.7 2.8 2.5 4 .2 4.7 6.6 5-85 4-85 1-86 2-86 5-86 4-86 1-87 2-87 5-87 4-87 1-88 2-88 5-88 4 -8 8 1-89 2-89 5-89 4-89 1-90 807.9 8 2 0 . 9P INITIAL QUARTER P R E L I MINARY P R E P A R E D B Y F E D E R A L R E S E R V E BAN K OF ST. L O U I S A U G U S T 24, 1990 17 D I S P O S A B L E P E R S O N A L I N C O M E 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 Rates of C h a n g e ) B I L L I O N S OF D O LLARS ANN U A L RAT E S INITIAL QUARTER terminal q u ar ter 3-85 4-85 4-85 8.6 1-86 8.6 8.5 2-86 7.9 7.5 1-86 2-86 3-86 4-86 1-87 2-87 3-87 4-87 1-88 2-8 3-88 4-88 1-89 2 -89 3-89 4-89 1-90 2,899.5 2,959.2 6.5 3,006.5 3,024.3 3-86 6.5 5.8 4.4 2.4 4-86 6.2 5.7 4.7 3.8 5.3 1-87 6.9 6.6 6.1 6.0 7.8 10.4 2-87 5.6 5.1 4.5 4.0 4.5 4.1 -1.8 3-87 6.3 6.0 5.6 5.4 6.2 6.5 4.6 11.4 4-87 6.9 6.7 6.5 6.5 7.3 7.8 7.0 11.6 11.9 3,063.4 3,139.8 3,125.7 3,211.1 3,302.3 7.2 7.0 6.9 6.9 7.7 8.2 7.6 10.9 10.7 9.6 7.2 7.1 6.9 7.0 7.6 8.0 7.6 10.0 9.6 8.5 7.4 3-88 7.4 7.3 7.2 7.3 7.9 8.3 7.9 10.0 9.6 8.9 8.6 9.7 4 -88 7.4 7.3 7.2 7.2 7.8 8.1 7.8 9.4 9.1 8.4 8.0 8.3 6.9 1-89 7.5 7.4 7.4 7.4 8.0 8.3 8.0 9.5 9.1 8 .6 8.4 8.7 8.2 9.6 2 -89 7.3 7.2 7.1 7.1 7.6 7.8 7.5 8.8 8.4 7.8 7.5 7.5 6.8 6.7 3.9 3-89 7.1 7.0 6.9 7.0 7.4 7.6 7.3 8.3 8.0 7.4 7.1 7.0 6.3 6.2 4.5 5.1 4-89 7.1 7.0 6.9 6.9 7.3 7.4 7.2 8.1 7.8 7.3 6.9 6.9 6.3 6.2 5.1 5.6 6.1 7.2 7.1 7.1 7.1 7.4 7.6 7.4 8.3 7.9 7.5 7.3 7.3 6.8 6.8 6.2 6.9 7.9 9.6 7.1 7.0 6.9 6.9 7.2 7.4 7.2 7.9 7.6 7.2 7.0 6.9 6.5 6.5 5.9 6.3 6.8 7.1 4.6 3-85 4-85 1-86 2-86 3-86 4-86 1-87 2-87 3-87 4-87 1-88 2-88 3-88 4-88 1-89 2-89 3-89 4-89 1-90 0 1 1-88 2-88 2-90 3,378.6 3,439.4 3,520.1 3,578.9 3,661.7 3,697.3 3,743.4 3,799.6 3,887.7 3.931.9P INITIAL QUARTER P- P R E L I MINARY P R E P A R E D BY 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 A UGUST 24, 1990 D I S P O S A B L E P E R S O N A L I N C O M E I N 1982 D O L L A R S ( C o m p o u n d e d A n n u a l Rates of C h a n g e ) T E RMINAL Q U ARTER INITIAL QUARTER 3-85 4-85 4.4 4-85 1-86 2-86 3-86 4-86 1-87 2-87 3-87 4-87 1-88 2-88 3-88 4-88 1-89 2-89 3-89 4-89 1-90 2,562.8 1-86 5.9 7.4 2-86 6.0 6.8 6.2 2 ,609.2 2,648.6 3-86 4.0 3.9 2.2 -1. 7 4-86 3.5 3.3 1.9 -0.2 1.4 1-87 3.5 3.3 2.3 1.1 2.5 3.6 2,637.3 2,646.2 2,669.5 2-87 2.0 1.6 0.5 -0.8 -0.6 -1.5 -6.3 3-87 2.6 2.4 1.5 0.6 1.2 1.2 0.0 6.7 4-87 3.1 3.0 2.4 1.7 2.4 2.7 2.4 7.1 7.5 1-88 3.5 3.4 3.0 2.5 3.2 3.6 3.6 7.1 7.4 2,626.3 2,669.2 2,717.9 7.3 2,765.9 2-88 3.5 3.4 2.9 2.5 3.2 3.5 3.4 5.8 5.0 2.7 3-88 3.6 3.5 3.1 2.8 3.4 3.7 3.7 5.6 4.9 3.8 4.9 4-88 3.5 3.4 3.0 2.7 3.2 3.5 3.5 4.9 4.3 3.3 3.6 2.3 2,784.4 2,818.0 2,833.9 1-89 3.5 3.5 3.1 2.9 3.3 3.6 3.6 4.8 4.3 3.5 3.8 3.3 4.2 2-89 3.2 3.1 2.8 2.5 2.9 3.1 3.0 4.3 3.9 3.3 2.6 2.5 1.7 1.5 4.1 3.8 3.2 2.6 2.6 2.0 1.9 0.8 2.7 3.5 3.0 2.4 2.4 1.8 1.7 0.9 2.0 1.2 2,863.5 2 ,854.9 -1.2 3-89 3.2 3.1 2.8 2.5 2.9 3.1 3.0 4-89 3.1 3.0 2.7 2.5 2.8 2.9 2.8 1-90 3.0 3.0 2.7 2.5 2.8 2.9 2.8 3.7 3.4 2.9 2.4 2.4 2.0 1.9 1.3 2.2 1.9 2.5 CM 2.8 2.6 2.4 2.6 2.7 2.7 3.4 3.2 2.7 2.2 2.2 1.8 1.7 1.2 1.8 1.5 1.7 0.8 4-85 1-86 2-86 3-86 4-86 1-87 2-87 3-87 4-87 1-88 2-88 3-88 4-88 1-89 2-89 3-89 4-89 1-90 2-90 3-85 BIL L I O N S OF DOL L A R S A N NUAL RAT E S 2,874.3 2 ,883.2 2,900.9 2 , 9 0 7 . OP I NITIAL QUARTER P- PRELIMINARY 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 OF ST. LOU I S A U G U S T 24, 1990 18 C O R P O R A T E PROFITS AFTER TAXES ( C o m p o u n d e d A n n u a ] Rates of C h a n g e ) T E RMINAL Q UARTER 4-85 INITIAL QUARTER 5-85 4—8 5 1-86 2-86 3-86 4-86 1-87 2-87 3-87 4-87 1-88 19.9 2-88 3-88 4-88 1-89 2-89 3-89 4-89 1-90 BILLIONS OF DOLLARS ANNUAL RATES 135.2 1-86 -23.6 -51.4 2-86 -18.1 -32.4 -5.9 3-86 -10.3 -18.6 5.4 18.0 4-86 -5.1 -10.5 9.7 18.4 18.8 112.9 111.2 115.9 121.0 1-87 2.9 -0.2 19.4 29.3 35.3 54.0 2-87 7.4 5.4 23.0 31.6 36.4 46.2 38.7 134.8 3-87 9.5 8.1 23.5 30.4 33.7 39.1 32.2 26.0 4-87 9.2 8 .0 21.0 26.2 27.9 30.2 23.2 16.0 6.9 146.3 155.0 157.6 171.6 1-88 12.0 11.2 23.3 28.1 29.9 32.2 27.3 23.7 22.6 40.6 2-88 12.6 11.9 22.7 26.8 28.2 29.8 25.4 22.3 21.1 28.9 18.1 3-88 12.2 11.5 21.2 24.6 25.5 26.5 22.4 19.3 17.7 21.6 13.1 8.3 4-88 178.9 182.5 12.4 11.8 20.6 23.7 24.3 25.0 21.3 18.7 17.2 20.0 13.8 11.7 15.3 1-89 11.1 10.4 18.3 20.7 21.0 21.3 17.7 15.0 13.2 14.5 8.8 5.9 4.7 2-89 8.2 7.4 14.2 16.1 15.9 15.6 12.0 9.0 6.8 6.7 1.0 -2.9 189.1 -5.0 186.7 -6.3 - 15.5 - 2 4 . 9 173.8 3-89 6.1 5.2 11.2 12.6 12.2 11.6 8.1 5.1 2.7 2.2 -3.1 -6.9 -10.4 - 17.6 - 2 3 . 2 - 2 1 . 5 4-89 6.1 5.3 10.9 12.2 11.8 11.2 7.9 5.3 3.2 2.7 -1.8 -4.8 -7.2 -12.1 - 1 4 . 3 1-90 5.9 5.1 10.3 11.5 11.0 10.4 7.4 5.0 3.1 2.6 -1.3 -3.8 -5.7 2-90 5.5 4.8 9.6 10.7 10.2 9.6 6.8 4.4 2.7 2.3 -1.3 -3.5 -5.0 3-85 4-85 1-86 2-86 3-86 4-86 1-87 2-87 3-87 4-87 1-88 2-88 3-88 4-88 163.6 166.3 -8 . 4 6.8 - 9.4 - 1 0 . 5 -5.1 4.3 1.9 -8.1 -8.7 -4.1 2.5 0.5 -1.0 1-89 2- 8 9 3-89 4-89 1-9C' 167.1 166 . 7P INITIAL QUARTER P- PRELIMINARY 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 AU G U S T 24, 1990 H IS T O N A T IO N A L E s t i m o f N C u r r e n t t h e B u I P A J u s i n B u l y p u b l i s h e d W e a l t h D e p a r t m s i n f o D J u e e n t f u l y r t h o f a t a f o 1 9 8 7 , N e r t i s i n f o r m i v i s i o n C o m m 1 9 8 3 , J u l y t i c a l a t i o n W S O U R C E S t h e r e g A C C O U N T S u l a r p u b l i s h e d 1 9 8 4 , 1 9 8 8 e O F P R O D U C T a t e s In c o m ( B E - 5 4 ) , e r c e , i n a r e r E s t i m a t i o n a l t a A N D s e r i e s c t i v e l y . T h e D t h e IN C O M E 1 9 8 7 - 9 0 :1 1 e s s . r e s p i n r r 1 9 2 9 - 8 2 : ______ S F o r a n d f o l e s 1 9 8 6 , e s s , S t a t e s . a t e s t a b R IC A L 1 9 8 5 a n d f o a n d r J u q i n u a r t e r l y t h e a n d l y J u f o r e s e n 1 9 9 0 a r e S u r v e y s e r i e s P r o d u c t p l y 1 9 8 6 1 9 8 9 N I P A D A T A r A c c o u n t s p o t a t i o S u r v e y u b l i s h e d f C f t h e N a t i o o f i n u r r e n t 1 9 2 9 - 8 2 o n U a r e n i t e d T a b l e s . a n d p B u r e a u a s h i n g t o n , r i c e s , o f D . C . 19 w r i t e E c o n o m ic 2 0 2 3 0 . t o A t h e n a l y s i s , U n a l . S . In c o m e INVENTORIES COMPARED WITH MONTHLY M ANUFACTURING AND TRADE SALES SEASONALLY ADJUSTED 72 I 72 6 8 .6 8 64 64 1.6 0 60 56 56 52 52 48 48 . 4 6 . 44 44 40 40 36 36 1976 1977 19 7 8 19 7 9 1980 1981 1982 1983 1984 19 8 5 1986 1987 1988 1989 1990 SOURCE: U.S.DEPARTMENT OF COMMERCE «BE6INNIN 6 IN 1982, INVENTORY DATA REFLECT CHANGES IN ESTIMATION PROCEDURES. SHAOED AREAS REPRESENT PERIODS OF BUSINESS RECESSIONS. LATEST DATA PLOTTED-. JUNE PRELIMINARY PREPARED 20 BY FEDERAL RESERVE BANK OF ST. LOUIS
@FedFRASER