Full text of National Economic Trends : January 1972
The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
n f m o i M L Economic t r c d d s P R EP A R ED MONTH E N D IN G : BY December 31, 1971 FE D ER A L R ESER VE BANK OF ST. LOUIS RELEA SED : January 25, 1972 Total spending increased at a 7.7 percent annual rate from the third quarter of 1971 to the fourth quarter. Most of the gain was in real product rather than prices. Real product rose at a 6.1 percent annual rate from the third to the fourth quarter, and prices increased at a 1.4 percent rate. Year-end advances in economic activity offset some earlier sluggishness, with the result that 1971 GNP was $1046.8 billion, a 7.5 per cent increase over the recession year 1970. Nineteen seventy-one could be characterized as a year of moderate recovery in that some progress was made in correcting the upward movement of prices and downward movement of output in recent years. Real product growth had slowed in each successive year since 1968, from a 4.7 percent rise in that year to a 0.6 percent decline in 1970. Real product rose 2.7 percent in 1971. The rate of price increase had moved up each successive year since 1962, from a 1.1 percent increase that year to a 5.5 per cent increase in 1970. The inflation rate slowed to 4.6 percent in 1971. Industrial production and employment, which changed little from 1970 to 1971, have picked up in the past few months. Industrial production rose at a 7.3 percent rate from August to December, compared with a 1 percent rate of increase from December 1970 to August. Payroll employment increased at a 2.5 percent rate from August to December, after rising at a 0.5 percent rate from December 1970 to August. Unemployment as a percentage of the civilian labor force remained near the 6 percent level through out the year 1971. Price advances moderated from August to November, the period of the wage-price "freeze." Many prices increased sharply at year-end with the transition from Phase I to Phase II of the Administration's Control Program. However, price rises in the last four months of the year were generally not as rapid as in the first eight months. Wholesale prices of industrial commod ities increased at a 0.5 percent rate from August to December, after rising at a 4.6 percent rate in the preceding eight months. Consumer price increases slowed to a 2.5 percent rate from August to December, compared with a 3.8 percent rate from December 1970 to August. 2 TOTAL C I V I L I A N EMPLOYMENT COMPOUNDED ANNUAL RATES OP CHANGE INITIAL MONTH_______________________________________________________________ THOUSANDS MONTH __________ 5 - 7 0 6-70 6-70 7-70 8-70 9-70 OF PERSONS 10-70 11-70 12-70 1 -7 1 2-71___ 2 z l l __ ±=11___I z U ___fc z ll___I z l l ___ ± l L1----? - 7 j lQ -7j U ~ 7 -L. -4.5 7-70 -0.2 4 . 3 ________________________________________________________________________________________________________________________________________ 7 8 , 5 7 4 8-70 -0.5 1.6 - 1 . 0 ________________________________________________________________________________________________________________________________ 7 3 , 5 0 8 9-70 -0.5 0.9 -0.7 10-70 0.3 1 .5 0.6 1.4 3 . 3 _______________________________________________________________________________ __________________________________Z8,_69L_ 1 1 - 7 _____0 - 0 , 1 __ 0 . 8 -0.1 0.? 0.5 _L2-U 2___ - 0 . 3 ____ iJLJt__ - 0 . 3 __ - P . ? 1-71 o, » 5 1.2 Ui ,7 7 — 71 - 0 ., 1 0-5 -o,, 1 3-71 - 0 ,, 7 0-3 -o ,, 2 - 0 . 4 _________________________________________________________________________________________ _______________________________ 7 8 , 4 7 9 - 2 . 1 ________________________________________________________ ________ _________________________________________ 7 8 .5 5 Q -0.1 -1.7 1 '1 1 ,5 0,9 I ,4 11 o ,7 - n •6 -0 , ] o •A - 4 ,9 -0 , 1 -0 .0 -0 , 7 - 0 ,3 o, 1 - 7 ,9 -0 , 9 _p o - 1 . 3 .............................................................. .... .... ...................................... -.......................... J  s A h l 7 8 , 8 6 * . ..... 6,3 78.537 4-71 0 ,. 1 0.6 0 ,, 7 o ,4 o .5 0 #0 n ,5 o •9 - 0 .8 5-71 0., 5 0.9 o, . 6 o •* o ,9 0 •6 l •ft 1 G fl , 4 0 ., 7 0.7 0 ., 7 -0 , 1 -0 , 1 - n .5 - n .7 1 - 1 .3 7-71 o. , 4 0.3 Oi , 5 () .6 0 .7 0 ,4 0 ,7 1 .0 0 .? 8— 71 0 .. 6 1 -0 0,7 o #C| 1 .0 n l , 1 1, 4 .7 9-71 0,9 1 .3 1 ,.0 1,7 1 .3 i ,7 i , 5 1 ■8 ].3 7 ■? 10-71 1 ,, 1 1.5 1 ,, 3 1 ,5 1 • <7 i ,5 1 .8 7, 1 1 ,7 11- 71 1, 1.5 1 ,, 4 1,5 1t7 i •6 1 ,9 ?, 7 17- 71 1.? 1 .6 1 .. 4 1 . 5 1 .7 l .6 i. Q ?. 1 5-70 6-70 7-70 8 - '70 6-71 - - ■R -n . 9 - 70 1 0 - 70 1 1 - 70 1 2 - 7 C 1 7, 7 14 73,475 . 7 . 3 , 6 9 8 _____ .5 3 ,8 78.961 4- 1 -7- 6 7 3 , 4 4 3 .... . -0 , 7 -1.9 1, 7 1 # «1 1.7 0.2 7.9 1 ,7 7, 7 1. 9 1. ? 5.9 4.0 7,7 7-5 7.7 5.6 4.5 5.1 7 m r; *.0 7-9 7.7 S .5 4.7 5 4.9 1 .8 7, 5 3 ■ft 7.0 7.7 4.9 4.7 4 ,7 3. 9. 2.7 1 ?. 4 . H 7 .7 7.6 ¿*-4 3.7 3.6 3.1 2.2 1 .7 2 - 71 3 - 71 4-71 5-71 6-71 7-71 8 - 71 9-71 1 0 -7 1 11-71 - ft, l - 71 IN IT IA I - .. ISLtSAi— 79.197 7 9.1.5 25 ..... . 7 9 , 8 4 . 5 . ........ 80.022 80.133 MONTH P»£PAKhO BY F FOE P.AL RES ERVE BANK OF S T. L O U I S JAN UA3Y 7. 1 9 7 7 . PAYROLL E M P L O Y E MT COMPOUNDED ANNUAL KATES OF CHANGE______________________________________________________________ TER MINAL________________________________________________________________ I N I T I A L j^HNTH__________________________________________________________________ THOUSANOS 7 -7 0 OF 9 -7 0 1 0 -7 0 1 1 -7 0 -2 .7 1 2 -7 C 1 -7 1 2 -7 1 3 - 71 4 -7 1 5 -7 1 6 -7 1 7 -7 1 8 -7 1 9 -7 1 î 0—7 1 PERSO N S 1 1 -7 1 7 0 ,6 3 4 -J 1 -j o 6 -7 0 6 -7 0 O 5 -7 0 JO 1 MONTH -1 .6 -0 .5 8 -7 0 -2 .0 -1 .6 9 -7 0 -1 .3 -0 .9 -1 .1 1 0 -7 0 -2 .4 -2 . ? -2 .9 -3 .1 -6 .6 1 1 -7 0 -2 .3 -7 .2 -2 .6 -2 .6 -4 .1 -1 .6 1 2 -7 0 -1 .2 -0 .9 -1 .0 -0 .6 -0 .9 2 .0 5 .8 1 -7 1 -0 .7 -0 .4 -0 .4 Ü. J -J . 1 2 .1 4 .1 2 .4 7 0 ,6 0 5 -2 .7 7 0 ,4 4 5 0 .6 7 0 ,4 8 0 7 0 ,0 8 2 6 9 ,9 8 5 7 0 ,3 1 3 7 0 ,4 5 4 2 -7 1 -0 .8 -0 .5 -0 .5 -0 . 2 -0 .3 1 .3 2 .3 0 .7 -1 ,1 3 -7 1 -0 .5 -0 .3 -0 .3 0 .1 0 .0 1 .4 2 .1 l.C 0 .2 1 .5 7 0 .4 8 0 4 -7 1 -0 .3 -0 .1 -0 .0 0 .3 0 .3 1 .5 2 .1 1 .2 0 .8 1 .3 2 .0 7 0 ,5 9 9 5 -7 1 -0 .0 0 .2 0 .3 0 .6 0 .6 1 .7 2 .3 1 .6 1 .3 2 .2 ? t5 2 .Q 6 -7 1 -0 .2 0 .0 0 .1 0 .4 . 0 .3 L *2 _ . Li.7 1 ,0 0 .7 l. l i .0 0 .5 — 1 .9 7 -7 1 -0 .3 -0 .1 -0 .1 0 .1 0 .1 C.9 1 .2 0 .5 G.2 0 .5 0. i -0 .4 -2 ,0 -¿,1 8 -7 1 -0 .3 . -0 .1 -0 .1 0 .1 0 .1 0 .8 1 .0 0 .5 0 .2 0 .4 J 7 -0 .3 -1 .3 -1 .1 -0 .0 9 -7 1 0 .1 0 .2 0 .3 0 .5 0 .5 1 .2 1 .5 .l.C 0 .9 1 .1 1 .1 0 .9 0 .4 1 .1 2 .S 5 .7 1 0 -7 1 0 .1 0 .2 0 .3 0 .5 G. 5 1 .1 1 .3 0 .9 0 .7 1 .0 1 .9 0. 7 0. 3 0 .9 1 .8 7 .7 1 1 -7 1 0 .2 0 .3 0 .4 0 .6 0 .6 1 .7 1 .4 l.C 0 .9 1. 1 1 .1 0 .9 0 .6 1 .1 1 .9 7 .6 1 .1 7 .3 . 1 2 - 1 1 ...... 0 . 3 0 ,4 0 ,5 .. Q*2._ 0 .7 1 *2 -1 *1 1 .0 1 .2 I „7 . 1 .1 0 .8 1 .3 2^0 2 .5 1 .4 2 .7 7 .1 5 -7 0 6 -7 0 7-70 9 -7 0 10-70 3 - 71 4 -7 1 5 -7 1 6 -7 1 7-71 8 -7 1 9-71 1 0 -7 1 1 1 -7 1 8-70 ... 1 ..5 . 11-70 12-7 C 1 -7 1 7 0 ,3 9 1 . 2-71 IN IT IA L 7 0 ,7 6 9 7 0 ,6 5 7 7 0 ,5 3 1 7 0 .5 7 9 7 0 .8 5 3 -0 .1 7 0 .8 4 8 7 0 .9 8 1 MONTH P- PRE LI MIN ARY P 7 1 .1 0 4 P PSr-PA^PO 3Y FFDFRAL R6S FRVF BANK r!F ST. LOUIS JANUARY 7, 1972 3 EMPLOYMENT R A T I O SC A L E RATIO SCALE M I L L I O N S OF P E R S O N S SEASONALLY M I L L I O N S OF P E R S O N S ADJUSTED SOURCE: PERCENTAGES ARE ANNUAL RATES OF CHANGE FOR P ER I O D S LATEST DATA PLOTTED» U. S . DEPARTMENT OF LABOR INDICATED. DECEMBER P R E L I M I N A R Y PREPARED BY FEDERAL RESERV E BANK OF ST. L O U IS 4 I N D U S T R I A L PRODUCT I ON C QMPD UN P^ P ANNUAL .* M S S OF CHANGE INITIAL terminal 196)7 = 100 MONTH MONTH 5-70 6-70 6-70 7-70 8- 70 9 - 7 0 10- 70 11- 70 1 2 - 7 0 2- 71 4- 7 1 5- 71 6- 71 7- 7 1 8- 71 9- 71 10- 71 11- 71 10 7. 6 107. 5 8- 70 0.0 9-70 -?. 8 0.6 0.0 107. 5 -4.0 -5.5 106. 5 - 103. 7 -8.3 -10.5 -13.4 -19.4 -27.4 - 8 . 9 -10.8 -13.1 -17.0 -20.1 -12.0 5-70 10-70 6-70 7-70 8-70 9-70 il-TQ 12-70 1- 71 2- 71 INITIAL P- 3- 71 1.1 7- 70 10- 70 1- 71 3- 71 4- 7 1 5- 71 fe-71 7- 7 1 8- 71 9- 7 1 10- 71 11- 71 MONTH PREL I MI NA R Y PREPARED 9Y |_E0 ERA I JANUARY 19, 19/? RFSF VE BANK OF S T . LOUI S 5 INDUSTRIAL RATIO PRODUCTION SCALE 1967-100 RATIO SEASONALLY ADJUSTED PERCENTAGES ARE ANNUAL RATES OF CHANGE FOR P E R I O D S LATEST DATA PLOTTED. SCALE 1967-100 I ND I C A T E D . DECEMBER P R E L I M I N A R Y PREPARED BY FEDERAL R E SE RV E BANK OF ST. L O U IS RET AI L SALES COMPOUNDED ANNUAL RATES OF CHANGE TERMINAL MONTH IN IT IA L __ftrlQ 5-70. 6-70 7-70 8-70 9-70 10-70 11-70 12-70 1-71 MONTH ?•?! Mi t . L I O N S QP DOLLARS > 7 1 4-71 5-71 6-71 7-71 8-71 9-7110-71 - — 7 . 7___________________________ _________________________________________________________________________ __________________________________________ . **-70. 3 1 t 198 -6 t I 0 - -1 * 7____1*7_ 3 1 t 293 -Ir.ISL. - L t S ____9jlQ - l ? t * 31, 601 -fir.7J3._ -J^ö___ è x l ___ 8jl3___ 9-70 ■11- .TQ. 3 1 t 710 9.5 - 4 * 0 ------- I m I ____ 1 x 2 ____Q» 3 r it i -11.7 - 1 ^ 5 --------ft«.5 - 5.3 z! U - 0 .1 r .3 . Q -1x1___ Ì.-1___ 2*0___ Li2___ 0.5 -2.» 2.7 20.0 ____ £*2____ ÌL*it____ ± x ± ____ 1 x 2 ____ 8 . 7 lxÛ 31. 761 32.290 21.0 21.9 21.6 22.4 22.9 ____ &JLÛ____ Sjl5____ SjlQ____ fljJî___ ________ 1 3 , 0 2 0. 3 ¿0.5 19.7 - ^ 2 ____ L a ____ 1*6____ 6*9____ 2 ± 1 ____ 6 . 9 S 31,621 31.282 9 - 1 2 .1 12.1 ■h Z L a- 7i . 31,951 ____I * * ____SLt?____ 6 . 8 32.850 33.274 16.6 +11.6%" . frr l i -Sjl2------- fl.ti £=11- -J L a A ____ I * « ____ 7 . 7 7.8 9 . 9 ____ 2*4____i d 2 ____ 6t_9— 1 2 ^ 8 — 1 8 . 5 7.8 - 6« 8 7.3 8.1 7.7 8.1 18.2 16.9 14.1 11,5 7.4 10.4 14.7 13.7 11.7 8.2 4.2 7.9 10.6 14.3 13.4 11.8 33.578 -2.7 33.502 4.5 12.3 33,827 7.0 6.6 11.8 10.6 8.8 6.2 3,8 1.3 3.4 -4.8 a-ii 8.7 8.8 _ 9.1 8.9 9.3 9.3 11.6 14. b 14.0 12.9 11.3 10.3 9.9 14.5 15.6 40.4 _ 9 £ L1. 9.4 9.5 9.9 9.7 10.2 10 . 2 12,5 1 5 . 3 ___14 . 8 13.9 12.7 12.0 12.1 16.2 17.5 30. 6 7 r .Il. _ 1 * J ____ 8 . 4 , ...10 - 11.. J u h ____ 8 . 8 21.4 35,219 34,964P 8.7 8.4 8.7 8.f 10.S 12.9 12.2 11.2 9.8 8.4 10.8 10.4 16.3 5.5 -8.3 9.2 9.2 9.6 9.4 9.7 9 .8 11 .6 1 3 . 9 ___1 3 . 3 12.5 11.4 10. 3 10.7 13.0 13.2 18.? 11.6 7.0 25.0 4-^0 5-70 6-70 7-70 8-70 9-70 10-70 11-70 12-70 1- 71 2-71 3-71 4- 71 5-71 6 -7 1 7-71 8-71 9-71 10-71 11- 71 ,Î N I T Î & L 8._V 33.688 34,655 3 5t 620° M0NTH PREPARED BY FEDERAL RESERVE RANK OF S T . LOUI S JANUARY 13, 1972 PERSONAL INCOME COMPOUNDED ANNUAL RATES OF CHANGE BI LLI ONS Of DOLLARS ANNUAL RA T E S I N I T I A L MONTH TERMINAL MCNTH T^fO _ 6-TÔ T^To 8- 70 9- Vo 10->0 11- 70 Ï 2 - 7 C Î^Tï Z P fl 3Pf! v T l 5^71 6^71 T -f I ë^T! 9-71 10-11 ll->l _ 801*4 6-70 80**3 "8=TÎT 80975“ 1 7 5 --------575------- 5 T T " 814*9 9-70 4.9 6.9 7.4 9.1 1 0-70 3.5 4.6 4.2 3.5 -1.9 813*6 81§."Y" 1 1-70 3.4 4.3 3.9 3.4 0.6 3.1 12-70 4.1 4.9 4.7 4.5 3.0 5.5 7.9 1 - 71 5.3 6.2 6.2 6.3 5.6 8.3 10.9 14.0 5.2 7.1 8.4 8.7 3.7 820*9 829*9 832*4 2-71 5.1 5.9 5.8 5.9 3-71 5.5 6.2 6.2 6.3 5.8 7.4 8.5 8.e 6.2 8.8 4-71 5.6 6.3 6.3 6.4 6.0 7.4 8.2 8.3 6.5 7.9 6.9 6.9 8.0 7.6 8.3 838*3 843*0 848*6 5-71 5.8 6.4 6.5 6.6 6.3 7.5 6.2 8.3 6-71 7.6 8.4 8.6 8.9 8.9 10.3 11.4 12.C 11.6 13.6 15.3 19.7 7-71 5.9 6.5 6.5 6.6 6.3 7.3 7.8 7.8 6.8 7.5 7.1 7.2 6.6 -1 4.1 8.4 7.6 8.3 8.1 8.4 8.5 8-71 6.3 9-71 6.3 10-71 6.0 6.9 7.8 868*6 32.3 -1.7 837*7 866*1 12.4 6.9 7.1 fc.S 6.8 6.8 6.9 6.7 7.6 6.0 8.C 7.3 7.8 7.7 7.8 7.7 0.6 8.8 5.4 6.5 6.5 6.6 6.4 7.1 7.4 7.4 6.7 7.1 6.3 6.8 6.5 0.9 6.4 3.6 1.8 6.5 6.9 6.6 6.6 6.3 1.7 6.1 4.1 3.5 5.2 7.3 7.3 7.2 3.5 7.5 6.3 6.5 9.0 3-71 4-71 5-71 6-71 7-71 8-71 8.3 11-71 6.0 6.4 6.4 6.5 6.3 6.9 7.3 7.2 12-71 6.3 6.7 6.8 6.9 6.7 ?. 4 7.7 7.7 7.1 7.5 5-70 6-70 7-70 8-70 9-70 10-70 11-70 12-7 C 1-71 2-71 INITIAL 869*9 8T1.2 874*9» 12.9 883.8P 9-71 10-71 11-71 MONTH P - PRELIMINARY PREPARED BY FEDERAL RESERVE BANK OF ST* LOUIS T À ü ü W H r T57*---------------------------------------- 7 RETAIL RATIO SALES SCALE BILLIONS OF RATIO DOLLARS BILLIONS SEASONALLY ADJ USTED SOURCEt U .S . OF SCALE DOLLARS DtPARTM INT OF COMMERCE PERCENTA8ES ARC ANNUAL RATES 3F CHANCE FOR PER 1008 ?NO«CATES, LATEST OATA PLOTTEO j N0VEM9ER PRELIM»NARY PERSONAL RAT I 0 TRILLIONS I NCOME M O N T H L Y T O TALS AT A N NUAL RATES SCALE OF DOLLARS SEASONALLY ADJUSTED RATIO TRILLIONS OF SCALE DOLLARS 0 0.9 0.8 0.7 0.6 0.5 0.4 1964 1965 1966 1967 1968 1969 1970 SOURCEi U .S . PERCENTAOES ARE ANNUAL RATES OF CHANOE FOR PERIO DS 1971 1972 DEPARTMENT OF COMMERCE IN DICATED . LATEST DATA PLOTTED« DECEM9ER PRELIM IN ARY PREPARED I Y FEDERAL RESERVE SANK OF ST. LO U IS 8 GROSS NA T I O NA L PRODUCT IN CURRENT DOLLARS COMPOUNDED ANNUAL RAT ES OF CHANGE_______ T E RMI NAL QUARTER INITIAL 1-67 2-67 2-67 3-67 4-67 1-68 2-68 3-68 4-68 1-69 BI L L I O N S OF DOLLARS ANNUAL RATES QUARTER 2-69 3-69 4-69 1-70 2-70 3-70 4-70 1-71 2-71 3— 7 ! 5.3 784.5 3-67 7.0 8,6 4-67 7.2 8.2 7.7 1-6 8 7.7 8.5 8.4 9.2 2-68 8.5 9.3 9.5 10.4 11.7 800.9 815.9 834.0 857.4 3-68 8.5 9.1 9.3 9.8 10.1 8.6 4-63 8.3 8.8 8.8 9.1 9.1 7.8 7.0 1-69 8.2 8.6 8.6 8.8 8.7 7.7 7.3 7.5 2-6 9 8.1 8.4 8.4 8.5 8.3 7.5 7.2 7.2 7.0 875.2 . 890.2 904.4 921.8 3-69 8.1 8.4 8.3 8.4 8.3 7.7 7.4 7.6 7.6 4-60 7.6 7.9 7.8 7.8 7.6 6.9 6.6 6.5 6.2 5,8 3.4 1-70 7.3 7.5 7.3 7.3 7.1 6.4 6.1 5.9 5.5 5,0 3.4 3.4 2-70 7.1 7.3 7.2 7.1 6.9 6.3 6.0 5.8 5.4 5.1 4.0 4.4 3-70 7.1 7.2 7. 1 7.0 6.8 6.3 6.0 5.9 5,6 5.3 4.6 5.0 5.8 6.3 4-70 6.7 6.8 6.7 6.6 6.4 5.9 5,6 5.4 5.1 4.8 4.1 4.3 4.5 4,2 6.3 6.1 6.0 5,6 6.1 6.8 7.3 7.7 13, 8 \ + 8 . 6 % 6.4 7.0 7,4 7.7 10.7 7.7 X 8.2 I 940.2 948.0 1+4.1% 956.0 968.5 5.3 983.5. 988.4 i .p 'j 1- 71 7.2 7.3 7.2 7.1 7.0 6.5 6.3 2-71 7.2 7.3 7.2 7.2 7.0 6.6 6.5 6.4 6.3 6.2 5.9 3-71 7 .1 7,2 7.1 7.1 6.9 6.5 6.4 6.3 6.2 6. 1 5.8 6.2 6.7 1 .0 7. 1 8.9 6.5 5.3 > 4-71 7.1 7.2 7.1 7.1 7.0 6.6 6*5 6.4 6.3 6.3 6.0 6.4 6.8 7.1 7.2 8. 6 6.9 6.4 7.7 1-V7 2-67 3-67 1-68 2-68 3-63 4-68 1-69 2-69 3-69 4-69 1-70 2-70 3-70 4-70 1-71 2-71 3-71 4-6 7 INITIAL 1.020.8 1.040.0 1.053.4 I 1 , 0 7 3 . OP QUARTER P - PRFII MI NARY PREPAREO BY FEDERAL RESERVE BANK OF S T . L OUI S J ANUARY 2 1 , 197? GROSS' N A T U R A L PRÜÜÜCT IN CONS COMPOUNDED ANNUAL RATES OF CHANGE 1-6 7 ?-67 B I L L I O N S OF DOLLARS a n Nu Al r a t e s I N I T I A L QUARTfcR TERMINAL QUAfcfER 2 — 67 3-67 4-6 7 1-68 2-63 3-68 4-68 1-69 2-69 3-69 4-69 1-70 2-70 3-70 4-70 1-71 2-71 3-71 671.6 3.0 678.9 3-67 3.7 4.4 4-6 7 3.4 3.6 1-68 3.9 4.2 4.1 5.4 2-68 4.6 5.0 *).? 6.4 7.5 3-68 4.5 4.8 4*9 5.6 5.8 4.0 4-68 4.2 4.4 4.4 4.8 4.6 3.2 2.4 1-6 9 4.0 4.2 4.1 4.4 4.2 3.1 2.6 2.8 2-69 3.8 3.8 3.3 3.9 3.6 2.7 2.2 2.2 1.6 3-6 9 3.6 3.6 3.5 3.6 3.4 2.5 2.2 2.1 1.8 2.0 1.9 1.4 1.2 0.7 0.3 -1.4 683.6 2.3 692.6 705.3 712.3 716.5 721.4 724.2 727.8 j 725.2 4-69 3.1 3.1 3.0 3.0 2.7 1-70 2.6 2.6 2.4 2.3 1.9 1.2 0.7 0.4 -0.2 -0.8 -2.2 -2.9 2-70 2.4 2.4 2.2 2.2 1.8 1.1 0.7 0.4 -0.0 -0.4 -1.2 -l.l 0.7 3-70 2.4 2.3 2.1 2.1 1.7 1.1 0.8 0.5 C.2 -0. 1 -0.6 -0.3 1,0 1.2 ^ — 1 .3 % 7 1 9. 8 721. 1 7 2 3. 3 4-70 1.9 1.8 1.6 1.6 1.2 0.6 0,2 -o.c -0.4 “ 0-8 . -1.3 -1.3 -0.7 -1.4 -4.0 1- 71 2.3 2.2 2.1 2.0 1.8 1.2 1.0 0.8 0.6 0.4 0.2 0.5 1.4 1.6 1.8 0.6 715.9 7.9 \ ^ + 5 .0 % 7 2 9. 7 735.8 2-71 2. A 2.3 2.2 2.1 1.9 1.4 1.2 1. 1 0.9 0.8 1.0 1.8 2.0 2.3 5.6 3,4 3-71 2.4 2.3 2.2 2.2 1.9 1.5 1.3 1.2 l.l 1.0 0.9 1.2 1.9 2.2 2.4 4.6 3.0 2*7 4-71 2.6 2.5 2.4 2.4 2.2 1.8 1.7 1.6 1.5 1.5 1 .4 1.8 2.5 2.8 3.1 1 5.0 1 4.0 4,4 6.1 1-67 2-67 3-67 4-67 1-69 2-69 3-68 4-68 1-69 2-69 3-69 4-69 1-70 2-70 3-70 1-71 2-71 3-71 INITIAL P- 4-70 \ 740.7 7 5 1 . 7P QUARTER PRELIMINARY PREPARED BY FEDERAL RESERVE BANK 0* S T . LO UIS JANUARY 2 It 1972 9 DEMAND RATIO SCALE 1964 AND QUARTERLY 1965 1966 U.6NP I N CURRENT D OL L A R S . K.6MP IN 1967 PRODUCTION T O T A L S AT ANNUAL 1968 RATIO RATES 1969 SOURCE* 1970 U.S. 1971 SCALE 1972 DEPARTMENT OF COMMERCE 1958 D O L L A R S . P E R C E NT A GE S ARE ANNUAL R AT ES OF CHANGE FOR P E R I O D S L A T E ST OATA P LO T T E D . INDICATED. 4TH QUARTER P R E L I M I N A R Y PREPARED BY F ED ER AL R E S E R V E BANK OF S T . L O U IS 10 FILIAL SALES IN CURRENT DOLLARS COMPOUNDED ANNUAL RATES Of CHANGE é l Ü J O N S Of TERMINAL ÔUÀfttER INITIAL Q U A R T E R 1-67 - _ 2-67 3-67 4-67 1-68 2-68 3-6 8 4-68 2-67 8.2 3-67 7.3 6.4 4-67 7.2 6.8 7.1 1-68 8.7 8.8 10. i 13.2 2-68 8.6 8.7 9. 5 10.7 8. 2 3-68 8.8 8*9 9.5 10.3 8.9 4-68 8. 5 8.5 9. 0 9. 5 8. 2 8.3 6. 9 1-6 9 8.5 8.5 8.9 9.2 8.3 8 .3 7.6 8 .3 1-69 2-69 3-69 4-69 1-70 3-70 2-70 4-70 1-71 2-71 3-71 760.0 792.2 * 847.8 9.6 847.5 * 8.3 ?.3 8 .6 8,8 8.0 7.9 7,4 7 .6 6.9 8.1 8.1 8.3 8.5 7.8 7.7 7. 2 7.3 6.8 6.6 4-69 7.9 7* 9 8.0 e.i 7.4 7.3 6.8 6.3 6 ,3 6,1 7.8 7,9 7.2 7.1 6.7 6.6 6 .2 6.0 1.» !.. 7,5 - 7,5 6. 9 6.8 6.4 6, 3 5.9 5.6 5 .3 5. 2 w o M 2-70 M 7tA__ 982.1 899.8 3-69 7» 7 «05.9 831,2 2-69 .......« 3 * 0 . f T N ^ 5. 5 \ 942.3 J % 4.6 915.6 966*5 \ \ 3-70 7.3 7 t ? - 7.3 7,3 6.7 6, 6 6.2 6.1 5.7 5.5 5 .2 5.1 4.8 M 7 f9 4.9 6.9 6.9 6.4 6.2 5.8 5.7 5.3 5.0 pTTl 4.5 4.1 3.8 2.6 ir.Ti 7 ^ — 7*_4 — 7.4 . 7. 4 7.0 6, 9 6.6 6,6 6.3 6 .3 6.5 7.1 8, 2 7, 4 7,4 7 ,0 6.9 6.6 6.6 6, 4 6.4 6. 3 6.5 6,6 7.1 7, 9 10,6 7.1 _JL*.4 .. 7, 0 . 6,9 6.7 6, 7 6,6 6.5 6 .5 6.6 6.8 7 .2 7,8 9,6 7,4 I m λ . 7,0 6. 9 6. 7 6. 7 6. 5 6.5 6,5 6,6 6,7 7.1 7.5 8.8 1 7,1 7*0 ^1 * 4 I -68 2- 6 8 3- 6 8 1-69 2-- 6 9 3-63 4-69 I -70 2-70 3— 7 Û 1- 7 1 2-71 3-71 _ 7,* 7t? 3-71 7.4 .. A - 7 1 ... 7, 4 7,3 1-67 2-67 7. 4 7,4 — 7*4.. 3- 6 7 4-67 4-68 ... 929.8 4-70 _ 2 - 71 ANNUAL RATES ... ■ i± ± T 6.2 6.4 978.4 9B4.7 1,017.7 4-70 1*035.4 Lm Ù 5 A ■ a'k I 1.071.2P I N I T I A L QUARTER P - PRELIMINARY .. .................... PREPARED BY FEDERAL RESERVE BANK Of T f . LOUI S JANUARY 2 1 , 1972 FI NAL SALES IN CONSTANT 1958 DOLLARS COMPOUNDED ANNUAL RATES OF CHANGE B I L L I ONS OF ______ _G5 k k * A $ .......... Ah INUAL RATES I N I T I A L QUARTER 4.0 2,0 4-67 3.4 2.1 1-68 2-68 3-68 4-6 8 1-69 2-69 3-69 4-69 Î-7Ç 0 r1 6.1 3-67 4-67 0 h1 2-67 3-67 O 2-67 IV 1-67 f»! TERMINAL QUARTER 1-71 2” 71 3 “ 71 .-É A J j I... 6 70 * 6 2,3 674.4 690*0 1-68 4.9 4.6 5,9 9,6 2-68 4,7 4.4 5.2 6,7 3,8 3-68 4.8 4.5 5.2 6,2 4,5 5.2 4-68 4.4 4.1 4.6 5.1 3,7 3.6 1-69 4.3 4.1 4.4 4,9 3,7 3.7 3 , Q .... 3 , 9 2-69 4.0 3.8 4.0 4,3 3,3 3.1 2t} 2.6 _ JL. A __ 3-69 3.6 3.3 3.5 3.7 2,7 2,5 It? 1.8 C, 8 4-69 3.4 3.1 3.2 3.3 2,5 2.3 1, 7 1,6 0.8 0.6 0.9 1-70 3.0 2.8 2.9 2,9 2.1 1.9 It? U2 0, 1- 0.2 0.3 2-70 2.8 2.5 2,6 2.6 1.9 1.6 h i 0,9 0,1 0,1 . - 0 , 3 -0.2 3-70 2.6 2.3 2.4 2,4 1,7 1,4 1,9 0,8 0,3 0.1 O.i -0.0 4-70 2.2 1.9 1.9 1,9 1,2 0 , 9 ... <3«? 0.3 -0.2 -0.5 .. — _ JLÊ2*!.- ____Z M i i L X U jJ - ......... n i a . -7 U .6 0.2 JJO ti,. — 0.6% -0.4 -0.2 1-0.6 1 -1.Ü. ! f ....... _ »1.2 . Q*2. -1.7 -3.6 r \ 2.6 2.3 2.3 2,3 1.8 l.*.fe__ 1 , 2 ... 1 , 1 0,8 0.7 0,8 0.8 1 , 1 .... I f . ' . L ... A a ____J U 3 2.5 2.3 2.4 2,4 1,8 L.7 1,3 1,3 .1 J L 0.9 1,0 1,1 *.4 3-71 2.7 2.5 2,5 2,6 2,1 1.9 \ il 1.6 ) ,4 W.4 1,6 1,6 2 , 0 ...... 1 ± ! L - J . Q . ..... 3*9 4-71 2,8 2.6 2.7 2,7 2,2 2,1 1,9 1,9 1,7 1,7 1,9 2,Q 2.4 *.*2 ____ 1-67 2-67 3-67 4-67 1- 68 2- 6 8 3-68 4- 68 1-69 2-69 3-69 4-69 1-70 IN IT IA L . . 2« 8____J # 4 __ I 5 * 2 1 2-70 3- 70 4-70 J I M . . 727*2 1- 71 .1*4 _ JL- . 2 ü l 4 ... ----- 2-71 1«JB_... 2 , 1 i u j / n . + 5 .$ % ... ^ . 1-71 5.3 2-7Î 111*2 1. .. 3-71 QUARTER P - PRELIMINARY R v * èANX â f i f T T o u I f JANUARY 21» 1972 11 FINAL SALES TOTAL SPENDING LESS CHANGES IN BUSINESS INVENTORIES RATIO SCALE 1964 RATIO QUARTERLY TOTALS AT ANNUAL RATES 1965 1966 1967 1968 1969 1970 SOURCE« U . S . 1971 SCALE 1972 DEPARTMENT OF COMMERCE PERCENTAGES ARE ANNUAL RATES OF CHANCE FOR PERIODS INDICATED. LATEST DATA PLOTTED* 4TH QUARTER PRELIMINARY PREPARED BY FEDERAL RESERVE BANK OF ST. L O U IS CONSUMER P R I C E I NDEX * CUMPCUNDFO AMNUAL RAT ES OF CHANGE T f - ' VMNAL INITIAL MONTH 1 96 7 * mlnt h 5-70 f t - 70 7-70 8-70 9-70 10-70 11-70 12-7C 1-71 2-71 ” 3-71 4-71 5-71 6-71 7-71 8-71 9-71 10-71 100 11-71 6-7 0 6.4 7 - 7 r) r. i 4.? b-70 4.2 3.1 ^-70 4.7 4.2 4.2 6.3 IC -70 5.1 4.7 4. c f ¿.3 1 1-7G 4. i 4.6 4.7 •3.6 5.2 12-70 *>. 1 4.9 5 .j r».h 5.6 5.2 6.2 i-n 4.6 4.3 4.? 4.« 4.4 .3.8 3.6 l.C ? -n 4.3 4.0 4.0 4.3 3.9 3.3 3.1 1.5 2.0 ?-71 4.3 4.0 4.0 4.3 4.0 3.5 3.3 2.4 3.1 4. 1 4-71 4. * 4.0 4.0 4.3 4.0 3.6 3.5 2.8 *.4 4. 1 4.1 5-71 4.4 4.2 4.2 4.5 4.2 4.0 3.9 3.5 4.1 4.8 5.1 6.2 6-71 4.6 r 1 t 1* 5 I 4.5 4.7 4.6 4.3 4.4 4. 1 4.7 5.4 5.8 6.7 7.2 7-71 4.S 4.4 4.4 4.6 4.4 4.2 4.2 3.c 4.4 4.9 5.1 5.4 5.1 3.0 «-71 4.4 4.3 4.3 4.«* 4.3 4.1 4.1 3.8 4.2 4.6 4.7 4.8 4.4 3.0 9-71 4.2 4.0 4.0 4.2 4.0 3 .d 3.8 3.* 3.8 4.1 4.0 4.0 3.5 2.3 2.0 1.0 1C - 71 4.1 3.9 •a# cf 4.0 3.4 3.6 3.6 3.3 3.6 3.8 3.7 3.7 3.2 2.2 2.0 1.5 2.0 11- 71 3 .9 3.8 3.3 3.9 2.7 3.5 3.5 3.2 ?.4 3.6 3.5 3.4 3.0 2.2 2.0 1.6 2. 0 2.0 12-71 4.0 3.9 3.8 4.0 3.8 3.6 3.6 3.4 3.6 3.7 3.7 3.6 3.3 r ..... l | 2.7 | 2.6 2.5 3.0 3.5 5.0 5 - 70 6-70 t - 70 8-/0 «>-70 10-70 il-70 12-70 1-71 2-71 3-71 4-71 5-71 7-71 8-71 9-71 10-71 11-71 1 16 * 3 1 16.7 2.1 116.9 1 17 *5 118.1 \ 4.1 118.5 X + 4 . 5 % 119.1 119.2 119.4 INITIAL * NCT 119.8 120.2 N 120.8 121.5 6-71 121.8 3.0 122.1 -V + 2 .7 % 122.2 122.4 v 122.6 1 123.1 MONTH S F . AS r * AL L Y AO J US TED PREPARED BY F ECERAL J ANUARY 2 1 « RESERVE BANK OF S T . LOUIS WHOLESALE P R I C E S - I N D U S T R I A L C OMMO D I T I E S * COMPOUNDED ANNUAL R A T E S OF CHANGE INITIAL T E R MI N A L MCNTH 5-70 6-70 6-70 7-70 8-70 9-70 10-70 H-7.Q, i ? - K ...iTJl MONTH 3-n, 2-71 19.67 4-71 _LO_ 1.0.91ft. J U Z ___ 2jt2- 9-70 H Qt O . U0»2 JLsl____ IsJL 8-70 1.9 2.2 ?._2 ____ .ll&dL_ 4.2 4 . » __________ IQ _ .2 _ 11-70 2.9 3.3 3 . 6 ____ 4 j J ____ **£____ fixO_ 1 2-70 3 *JL. 3.5 3.7 3.8 4.0 3.7 3.9 4 . 2 ____ ________ 2jl 2____ f u i ____ i t i ____ 3.7 3.d 4.1 | 0 - 7 C ._, _ L lI JLrZ. 3.4 iu u j l 111.2 A L l± l- 4 . 1 ____ 4 jl §____ 2jl 2____ 4 * 4 _ 5.0 3.3 5.0 5.5 1 1 3* 2 .112 «.S. 4 . 4 ____ L t i . ___ i Lt l ____*x-C_____________ 3 ^ 2 _ 4.5 _ W 3.6 4.4 4 . A____ 4 . 0 . ___ 5 . 4 JLI3* I . 3.6 3.9 4 . 0 ____ ± jJ ____ i u l ____ 1 *2 ___ iu J t ___ H xh --- I j J ----4*2--- ix2--- 3.5 3.7 3.9 7-7 3.7 3.9 J u L . _£zl 3.9 4.1 4.3 4.4 4 . 7 ____ ^ 9-7 3.6 3.8 3.9 4.0 4.2 3 . 6 ___ J u l 1____ 4jJ2____ ________ ________ 1 * 3 - _1*J l ------- 1 m. 5.____ 1*3. 3.7 3.8 3.3 3.6 3.5 3*0 3.2 3 . 1 ____ U 9 ____ I t 9____ 2 ^ ____ U ± . 2.1 3.1 3.3 3.2 3.0 3.0 10 -7 0 11 -7 0 1 2 -7 0 1-71 2-71 5-7 3*5 10-7 i 1-7 12-7 3.1 3.3 4.0 7-70 3.5 8 -7 0 ___ ¿ jJL. 4 . 2 ____ I_._5____ ________ *LtS_ J u S ____ 1 *3 .____<uj_ - i i 2 ____ L i 4 _ J L t i ____ 3*3____3Li4_ 5-70 " 6-7 0 9-70 4 .1 4.3 NCT 4.6 _UJUS_ .1.1.4»,5 4 . 3 ____ 4 j J ___ J&._5_ ____ fufi ____ ________ 1*5-------- ± x l -------- 5jlQ--------f u J -------- ¿*¿2--------fi n* A ± ± ____ 3jl4_ - 1 ± £ A iA . IN ITIAL ♦ IP0_. 5 - 7 1 . _ . 6 - H . . „ 7 - 7 J L .. i r l l _ . 9 - I L A t f c U ..llzJJL H-5- a JCL ____ l ± * „ 3.0 2.7 2.4 3-71 4-7 1 5-71 6 -7 1 7-71 8- 7 1 9-71 10 -71 11 -71 MONTH SfcASCNALLY AP J l i S T EO PREPARED *Y FEOFRAL RESERVE BANK OF S T . LOUIS JANUARY 14, 1972 13 RAT 0 SCALE 196 130 -1 0 0 PRICES RATIO SC 1967- 100 130 125 125 120 120 115 1 15 1 10 110 105 105 100 100 95 95 120 120 1 15 1 15 1 10 1 10 105 105 100 100 95 95 90 90 1964 1965 1966 1967 1968 1969 1970 SOURCE* ERCENTACES ARE ANNUAL RATES OF CHANCE FOR P E R I O D S ATEST DATA PLOTTED* 1971 1972 U. S . DE P A R T M E N T OF LABOR INDICATED. DECEMBER PREPARED BY FEDERAL RESERV E BANK OF S T . L O U IS 14 WHOLESALE PRI CES * ALL COMMODI T I ES * COMPPUNOSO ANNUAL RAT ES OF CHANGE INITIAL 0 1 7- 70 CO 5-70 1 i o 1 i <o T ERMI NAL MONTH 9- 7 0 1- 71 10- 70 11- 70 12- 70 1967 « MONTH 2- 71 3- 71 4- 7 1 5- 71 6-71 7-71 8- 7 1 9-71 10- 71 11- 71 110. 3 I o ¿.2 4.4 7-70 110. 9 6.7 6-70 1. 5 1. 1 -4.2 9-70 2.5 2.6 0.5 5.6 10-70 ?.o 1. 9 0.4 2.7 0.0 111. 0 U-7U 1. 5 1.3 0.0 1. 5 -0.5 -1.1 110. 9 12-70 1. 4 1.3 0.2 1.4 0.0 0.0 l.l 1- 71 2.3 2.3 1.6 2.8 2.2 2.9 5. 0 9.0 2-71 3.3 3.4 3.0 4.2 3.9 4.9 7.0 10. 1 11.3 3-71 3.2 3.3 2.9 3.9 3.6 4.4 5.8 7.4 6.6 2.1 4-71 3.2 3.3 2.9 3.8 3.6 4.2 5.3 6.3 5.5 2.7 3.2 3.8 4.4 5.3 6.2 5.5 3.6 4.3 110.5 lii.O 111. 0 111. 8 112. 8 113. 0 5.4 113. 8 4.7 5. 4 5.4 114. 3 4.3 4.7 4.3 3. 2 4.1 4.3 3. 9 3.2 5-71 3.4 3.5 3.1 4.0 6-71 3.5 3.6 3.3 4.1 4.0 4.5 5.3 6.C 5.5 4.0 7-71 3.5 3.6 3.3 4.1 3.9 4.3 5.0 5.6 5.1 3.9 8- 71 3.5 3.6 3.3 4.0 3.8 4.2 4.8 5.3 4.8 3.8 9- 71 3.0 3.0 2. 8 3.3 , ._JL. 4 3.9 4.2 3 . 6 _ _ L * 6 ....... 2 , 7 f\J 113. 3 __2.» 6. . _ U 9 _ L Q - 7 l _____ U 1 ___ 2_S_8____________3±0____ 2^8.___ 3 ^ i ____ 2*4____ 1*7____ I t i ____2 0 ____ L t l ____ 2 . 0 11-71 12- n NT T ...0* I . - 0 . 5 114. 9 114. 5 -4, 1,. 1 . 3 ___0 “ 0 *7 -2,6 1. 2 0.4 -0.3 - 1 . 4 ____&&£--------U i ------------------------------ L U h J L 3_.0____ M ____ 2±J___ 3^3____ 3j_2____ 1*4____ L . J ___________ 3_i5____ ¿*8___ ________ 2 . 8 2.4 1. 9____ U I ____ L*J____ 1 ±2 ____ £*4____9*9________U 5 . Ì 2. 7 ____ 2¿4____¿*9____2*7____ g , 9 6-70 7-70 8-70 9-70 10-70 g. ¿____i *4____L i 5 ____ 1 * 0 11-70 12-7C 1-71 2.0 2-71 INITIAL * 114. 6 3.2 1. 8 , 2 . fa 5-70 3-71 4-71 5-71 6-71 7-71 8-71 - ± * Q _______________________ 9-71 10-71 11-71 SEASONALLY ADJ UST ED T ERMI NAL MGNTH INITIAL •5-70 6-70 6-70 7-70 8-70 9-70 10-70 11-70 12-7 C 1 - 71 BANK OF S T . *0NT H 2-71 LOUIS 1967 * 3-71 4-71 5-71 6-71 7-71 8-71 9-71 10-71 100 11-71 5.5 111.7 7-70 ..12±_5. 19.9 8-70 0.0 -2.7 113.4 -20.9 111.2 ___ 9 - 7 0 3.8 3.3 -4.2 16.2 10-70 -1.9 -3.7 -10.5 -4.8 -21.9 11-70 -2.3 -3.8 -9.0 -4.6 -13.6 -4.3 112.6 110.3 109.9 12-7C -2.9 -4.3 -8.5 -5.0 -11.2 -5.3 -6.4 1- 71 -0.7 -1.5 -4.7 -l.l -5.0 1.5 4.4 16.5 2 - 71 2.9 2.6 0.3 4.4 2.1 9.2 14.2 26. 1 36.4 3-71 2.4 2.C 0.0 3.4 1.4 6.9 9 . 9 .. 1 5 . 9 . 15.6 -2.1 4-71 2.1 1.7 -0.1 2 »6 1.1 5.5 7.6 9.7 -1.6 5-71 2.8 2.5 1.0 3. 7 2.3 6.3 8.2 11.3 1 0. 1 2.5 f -71 3 . *5 3.3 1.9 4.5 3.3 7. C 8.7 11.5 1 C. 5 4.8 109.3 11.4 110.7 113.6 113.4 -l.l 113.3 11.1 7.2 114.3 11.6 12 . 2 115.4 7 - 71 2.9 2.7 1.4 3.7 2.6 5.7 7.0 9.1 7.9 3.0 4.3 6.1 3.7 -4.1 8-71 2.4 2.2 1.0 3.1 1.9 4.7 5.7 7.4 6.1 1. 8 2.6 3.5 1. 1 -4.1 -4.1 9-71 1.2 0.9 -0.3 1.5 0.4 2.7 3.4 4.5 3.1 -0.9 -0.7 -0.6 -3.4 -8.1 -10.0 -1 5.5 115.0 1 14.6 113.0 10- 71 1. 1 0.9 -0.3 1.4 0.3 2.4 3.1 4.1 2.8 -0.8 -0.6 -0.5 -2.7 -6.1 -6.8 -8.1 0.0 1 1- 71 1.4 1. 2 0. 1 1.7 0. 8 2.8 3.4 4.3 3.2 0.0 0.3 0.5 -1.2 -3.7 -3.6 -3.4 3.2 6.6 12- 71 2. 6 2.5 1.6 3.2 2. 3 4.3 5.0 6. C 5.1 2.4 3.0 3.5 2.4 Q.9 1,9 3.4 10.7 16.4 27.2 5 - 70 6-70 7-70 8-70 9-70 10-70 11-70 12-7C 1 - 71 2-71 3-71 4-71 5-71 6-71 7-71 8-71 9-71 10-71 11-71 *___NUT UAaÌL MONTH PREPAREO BY FEOERAL RESERVE JANUARY 1 4 , 1972 WHOLESALE P RI CES - FAKM PRODUCTS , AND PROCESSEO FOCDS AND FEEDS* COMPOUNDED ANNUAL RAT ES OF CHANGE , 100 INITIAL SEASONALLY ADJ U S T F O__________________________________________________ __ 113.0 113.6 115.9 MONTH PREPARED BY FEDERAL RESERVE BANK OF S T . LOUIS JANUARY 14, 1972 15 GENERAL RATIO PRICE INDEX* SCAIE RATtO SCALE 1958-100 150 1958-100 ?45 140 155 150 125 120 115 110 105 100 1964 1965 1966 1967 1968 1969 1970 1971 1972 *AS USES !N NATIONAL INCONE ACCOUNT» SOURCEi U.S. DEPARTMENT OF COMMERCE PERCENTAOES ARE ANNttAL RATES OF CNANOE FOR FERIOOS iNO(CATEO. LATEST OATA FLOTTEOt 4TN OUARTER PRELIMINAR? PREPARES OV FEDERAL RESERVE BANK OF ST. LOUlf I MP L I CI T P R I C E ' OtFLATÜK FOR GROSS NATIONAL PRODUCT __________ COMPOUNDED ANNUAL RATES OF CHANGE____________ ERMINAL 4UARTER 2- 67 1958 - 100 I N I T I A L tíUARTER 1- 67 ?-67 3- 67 4-6 7 1- 68 2- 6 8 3-68 1- 69 4 - 6 fi 2- 6 9 3-69 4-69 1 - 70 2-70 3-70 4- 70 1- 7 1 2-71 3-71 116.8 2. 1 118.0 3^67 3. 1 4.2 4- 6 7 3. 7 4.5 4.8 +4.2% 119.4 1- 68 3.6 4.1 4. 1 3.4 120.4 2- 68 3.7 4. 1 4. 1 3.7 4.0 121.6 3- 69 3. 8 prn 3. 9 4.2 4. 3 4- 6 8 3.'? L — J 4. 2 4.2 4.2 4.1 4,3 4.5 4.6 1- 69 4.0 4.2 4.2 4.1 4.3 4.4 4.4 2 - 6 <5 4. 1 4.4 4.4 4.4 4.6 4.7 3- 69 4.3 4.6 4.6 4.6 4.8 5.0 4-69 4.4 4.6 4.6 4.6 4.8 4.9 5.0 1- 70 4.6 4.8 4.8 4. 8 5.0 5._2 5.3. 2- 7 0 4.6 4.8 4.8 4. 8 5.0 5ii 5.2 5. ¿ ..... 5. 5 122.9 +4.8% 4. t 124.3 \ 125.6 1 I 4,8 I 4 , « i. , J 5. 1 5. ? 5. 8 5. 1 5. 5 >f4 5. 7 127.3 6. 1 ^ + 5 . 8 % 129.2 130.7 4.7 5. 4 I1,7 5 . 8 I --S.7 — T 6.6 1 5. 3 5.6 _ 4.6 5. 5 132.a 3-70 4.6 4.8 4. 9 4.8 5. 0 5. 1 5.2 5.3 5, 4 %4 5. 3 5.4 4.9 4-70 V? 4.9 5ftf 5.p 5.1 3*2 5. 3 ?f4 5. 6 5. 6 5.5 5.7 5.4 1-71 4.7 4.9 5.0 5.0 5. 1 5.2 5,3 5. 4 5. 5 5. 5 2- 71 4.7 4.9 4.9 4.9 5.0 5. 1 5.2 5. 3 5. 4 5*4 3- 71 4.6 4.7 4.8 4.8 4.9 4.9 5. 0 5. 0 4- 71 4.4 4.6 4.6 4.6 4.6 4.7 4.7 4.7 1- 67 2- 6 7 3- 67 4-67 1- 68 2- 6 8 3- 6 8 4-68 4*8. 1- 69 \ 134.3 136.0 ?t 7 + 4 .2 % 6.3 131.1 139.9 5. 4 5.6 5.3 5. 6 5.8 5.3 5.2 5. 3 5. 1 5.2 ?•* 4. 7 4.1 5.0 4.9 4.9 4. 7 4.7 4f6 4.0 3.3 4.7 4. 5 4.5 4.1 3.9 3. 3 2.7 2.0 1.4 2- 6 9 3-69 4-69 2-70 3-70 4-70 1 -71 2-71 3-7 i .. m 1-70 . 141.3 142.1 _____ 1 4 2 . 7 P I N I T I A L QUARTER P - PRELIMINARY PREPARED BY FÍOéRAL RéSÉáVE WfÍK JANUARY 2 1 , 1972 W~ÍY'. L Ó U ÍS INVENTORIES COMPARED ».. T H MONTHLY S A L E S * MANUFACTURING AND TRADE 72 68 64 .60 60 .56 56 52 48 .48 44 40 36 1959 1960 1961 «RATIOS BASED 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 ON S E A S O N A L L Y 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 DA T A PLOTTED: NOVEMBER DATA. SOURCE: U . S .DEPARTMENT OF 1972 C O M ME 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 BANK OF ST. LOUIS
@FedFRASER