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nRTionm economic t r e i i d s
PREPARED BY FEDERAL

MONTH ENDING: September 30, 1969

RESERVE

BANK OF ST. LOUIS

RELEASED: October 22, 1969

Growth in total spending continued in the third quarter at
about the same rate as in the three previous quarters, but the composition
of the increase, as well as other major indicators of economic activity,
portend slowing of spending and output in the immediate future. Total
spending increased at a 7.8 per cent annual rate (pages 8 and 9) from the
second to the third quarter. Prices rose at a 5.4 per cent rate, compared
with a 4.6 per cent increase (page 15) in the previous year. Real product
increased at a 2.1 per cent rate in the quarter (pages 8 and 9), after
rising 3 per cent in the previous year. The imposition of restrictive
actions slows real output initially, but experience indicates that prices
are affected after some lag.
The composition of the increase in total spending in the third
quarter changed considerably from that of the first half of the year.
Consumer and fixed investment spending contributed about 90 per cent of
the $32.3 billion net increase in total spending in the first two quarters
of the year, but only 56 per cent of the $17.5 billion rise in the third
quarter. Inventory accumulation and Federal government spending, which
made a negative contribution to the change in overall spending in the
first half, accounted for 30 per cent of the third quarter total spending
increase. Restrictive monetary measures usually slow consumer and fixed
investment expenditures first, and only later does inventory accumulation
adjust to the moderation in final demand.
Payroll employment rose at a 1.3 per cent rate in the July to
September period (pages 2 and 3), compared with a 3 per cent rate in the
previous six months and a 1957-68 trend rate of 2.3 per cent. Personal
income, which slowed to a 3.7 per cent rate of increase in September (pages
6 and 7), rose at a 9.5 per cent rate in the previous two months and at
a 9.4 per cent rate in the January to June period. Industrial production,
slowed by reductions in primary metals output, declined at a 2.7 per cent
rate from July to September (pages 4 and 5), compared with a 4.6 per cent
1957-68 trend rate of increase.
Wholesale prices of industrial comoodities rose at a 4.3 per
cent rate over the summer (pages 13 and 14), compared with a 2.7 per cent
rate in the previous six months. A slowing in the wholesale prices of
farm products and processed foods and feeds has moderated the price of
overall wholesale goods to a 1.6 per cent rate of latt&&as-e in the July to
September period (page 12). Consumer prices rose at a 5.3 per cent rate
in the June to August period (pages 12 and 13), compared with a 6.4 per
cent rate in the previous six months.




2
TOTAL C I V I L I A n t« P L OYMEn T
COMPOUNDED ANNUAL RATES OF CHANGE
THOUSANDS
OF PERSOWS

IN IT IA L MONTH

TERMINAL
MONtH
2 -6 8

3 -6 8

4 -6 8

5 -6 8

6 -6 8

7 -6 8

8 -6 8

9 -6 8

1 0 -6 8

1 1 -6 8

1 2 -6 8

1 -6 9

2 -6 9

3 -6 9

4 -6 9

5 -6 9

6 -6 9

7 -6 9

8 -6 9
7 5 * 764

3 -6 8

2 .0

4 -6 8

0 .1

-1 .7

5 -6 8

1 .6

1 .3

4 .5

6 -6 8

1 .5

1 .3

2 .8

1 .2

7 5 *6 5 3
7 5 ,9 3 2
7 6* 005

7 -6 8

1 .2

1 .0

2 .0

0 .7

0 .9

0 .7

1 .3

0 .2

-0 .3

7 6 ,0 2 0

0 .2

8 -6 3

-0 .7

7 5 ,9 7 3

-0 .0

- 0 .2

0 .4

7 6 ,0 0 0

-0 .0

- 0 .1

0 .2

0 .0

1 .2

1 .2

1 .5

2 .2

3 .1

9 -6 8

0 .8

0 .6

l.l

0 ,3

1 0 -6 9

0 .7

0 .5

0 .9

0 .2

1 .3

1 1 -6 8

1 .2

1 .7

7 6 ,0 0 2
7 6 ,3 8 8

6 .3

7 6 ,7 6 5

1 2 -6 8

1 .8

1 .8

2 .2

1 .9

2 .0

2 .4

3 .2

4 .1

6 .2

6 .1

1 -6 9

2 .3

2 .3

2 .8

2 .6

2 .8

3 .2

4 .0

4 .9

6 .6

6 .8

7 .5

7 7 ,2 2 9
7 7 ,7 2 9

2 -6 9

2 .8

?. 8

3 .3

3 .2

3 .4

3 .9

4 .7

5 .5

7 .0

7 .2

7 .8

8 .1

3 -6 9

2 .6

2 .6

3 .1

2 .0

3 .1

3 .5

4 .1

4 .7

5 .7

5 .5

5 .3

4 .3

0 .6

4 -6 9

2 .2

2 .2

2 .6

2 .4

2 .5

2 .8

3 .2

3 .6

4 .3

3 .9

3 .3

2 .0

- 1 .0

-2 .5

5 -6 9

1 .7

1 .7

2 .0

1 .8

1 .8

2 .0

2 .3

2 .5

2 .9

2 .3

1 .6

0 .1

-2 .4

-3 .8

- 5 .1

6 -6 9

2 .0

2 .0

2 .3

2 .1

2 .2

2 .4

2 .7

2 .9

3 .3

2 .9

2 .4

1 .4

-0 .2

- 0 .5

0 .5

7 -6 9

2 .1

2 .1

2 .3

2 .2

2 .3

2 .4

2 .7

3 .0

3 .3

2 .9

2 .5

1 .7

0 .4

0 .4

1 .4

4 .8

3 .2

3 .1

3 .5

3 .2

2 .8

2 .1

1 .2

1 .3

2 .3

4 .9

4 .1

4 .9

2 .8

3 .1

2 .7

2 .4

1 .7

0 .9

0 .9

1 .6

3 .4

2 .4

2 .0

-0 .9

9 -6 8 1 0 -6 8

1 1 -6 8

1 2 -6 8

1 -6 9

2 -6 9

3 -6 9

4 -6 ^

$ -6 9

6 -6 9

t-6 9

¿ -6 9

8 -6 9

2 .2

2 .2

2 .5

2 .4

2 .5

2 .6

2 .9

9—
6**

2 .1

2 .1

2 .3

2 .2

2 .2

2 .4

2 .6

2 -6 8

3 -6 8

4 -6 8

5 -6 8

6 -6 8

7 -6 8

8 -6 8

IN IT IA L

•

~

IN IT IA L
2 -6 8

3 -6 8

2 .7

4 -6 8

5 -6 8

6 -6 8

7 -6 8

8 -6 8

9 -6 8

1 0 -6 8

7 7 ,2 6 5
7 7 ,6 7 1

6 .5
,

_5-68_ _ — 2 * X .

7 7 ,8 7 4
7 8 ,1 8 7

1 1 -6 8

PREPARED BY FEDERAL
n r t o APR 7 . 1<W*0

reserve

banr

MONTH
1 2 -6 8

1 -6 9

2 -6 9

3 -6 9

4 -6 9

5 -6 9

6 -6 9

7 -6 9

of

7 8 ,1 2 7

£ f.

L fiU IS

THOUSANOS
“ OF PERSONS
8 -6 9
6 7 ,2 8 6

2 .2

4 -6 8

3 -6 8

7 7 ,6 0 5

MONTH

PAYROLL EMPtdY*H:NT
C0MP0UN0FD ANNUAL RATES OF CHANGE

TERMINAL
Mo n t h

7 7 ,7 6 7

, 7 ,4 6 6

3 .3
2 .4

6 7 ,5 5 0

1 .5

6 7*8 1 6

6 -6 8

2 .9

3 .2

3 .2

4 .8

7 -6 8

2 .8

3 .0

2 .9

3 .6

2 .3

8 -6 8

2 .8

2 .9

2 .8

3 .2

2 .4

9 -6 8

2 .6

2 .7

2 .6

2 .9

2 .3

2 .2

1 .9

1 0 -6 8

2 .8

2 .9

2 .9

3 .1

2 .7

2 .9

3 .0

4 .2

1 1 -6 8

3 .0

3 .1

3 .1

3 .3

3 .0

3 .2

3 .4

4 .2

4 .2

1 2 -6 8

3 .1

3 .2

3 .1

3 .4

3 .1

3 .3

3 .5

4 .0

4 .0

6 7 ,9 4 5
6 8 ,0 8 8

2 .6
6 8 ,1 9 5

6 8 ,4 2 7
6 8 ,6 6 4
6 8 ,8 7 5

3 .8

6 9 ,1 9 9

1 -6 9

3 .3

3 .4

3 .4

3 .7

3 .5

3 .7

4 .0

4 .5

4 .6

4 .8

5 .8

2 -6 9

3 .5

3 .6

3 .6

3 .8

3 .7

3 .9

4 .2

4 .6

4 .7

4 .9

5 .5

5 .1

6 9 ,4 8 7

3 -6 9

3 .5

3 .6

3 .6

3 .8

3 .7

3 .9

4 .1

4 .5

4 .6

4 .6

4 .9

4 .5

3 .9

4 -6 9

3 .3

3 .4

3 .4

3 .6

3 .5

3 .6

3 .8

4 .0

4 .0

4 .0

4 .0

3 .5

2 .6

1 .4

5 -6 9

3 .4

3 .5

3 .5

3 .6

3 .5

3 .7

3 .8

4 .0

4 .0

4 .0

4 .0

1 .6

3 .1

2 .6

3 .9

6 -6 9

3 .5

3 .6

3 .6

3 .8

3 .7

3 .8

3 .9

4 .1

4 .1

4 .1

4 .2

3 .9

3 .6

3 .4

4 .5

5 .0

6 9 ,7 1 0
6 9 ,7 8 9
7 0 ,0 1 3
7 0 ,3 0 0

7 -6 9

3 .2

3 .3

3 .3

3 .4

3 .3

3 .4

3 .5

3 .6

3 .6

3 .5

3 .4 j

3 .1

2 .6

2 .3

2 .7

2 .0

- 0 .9

8 -6 9

3 .2

3 .3

3 .2

3 .4

3 .3

3 .3

3 .4

3 .5

3 .5

3 .4

3 .4

3 .0

2 .7

2 .4

2 .7

2 .3

0 .9

2 .7

3 .0

2 .6

2 .3

2 .0

2 .1

1 .7

0 .6 )

1 .3

-0 .1

1 2 -6 8

1 -6 9

2 -6 9

3 -6 9

4 -6 9

5 -6 9

7 -6 9

8 -6 9

9 -6 9

3 .0

3 .1

3 .0

3 .1

3 .0

3 .1

3 .1

3 .2

3 .1

3 .0

2 -6 8

3 -6 8

4 -6 8

5 -6 8

6 -6 8

7 -6 8

8 -6 8

9 -6 8

1 0 -6 8

1 1 -6 8

IN IT IA L

6 -6 9

7 0 ,2 4 7
7 0 , 405P
7 0 ,3 9 8 P

MONTH

P - PRELIMINARY




v m k m ..b y " E f e r e w n g s e r a ' T O w r o e < r . c m t
n
OCTOBER 7 ,

1969

'

Em ploym ent
Ratio Sca le

Ratio S ca le

Source: U.S. D e p a rtm e n t of Labor
Percentages are annual rates of change between periods indicated.They are presented to aid in comparing
most recent developments with past ’'trends.”
Data for payroll em ployment revised from January 1967.
Latest data plotted: September prelim inary
Prepared by Federal Reserve Bank of St. Louis




INDUSTRIAL PRODUCTION
IN IT IA L

TpfiMIMAI

MONTH
2 -6 4
* -A 8

3 -6 P

4-SM

5 -6 3

6-68

7 -6 8

8-68

MONTH

1 9 5 7 - 59 *

9-,hfl 10 - 68 1 1-6 8 12 -68

1-69

2 -6 9

3-6 9

4 -6 9

5 -6 9

6 -6 9

7 -6 9

7 ,7

1 T0

1 6 9 .0
1 6 3 .5

—1 - A

•5-Afl

* -«
5 5

4.*
5

1

*-68

7 .7

7. 1

17.«

7 -6 8

6,0

*¡.6

8. '■
»

AtQ

8- a k

1 -7

7 -4

9 -9

1 .n .

- 4 .1

—9 -7

1 .7

-1

1

-■*.2

3*3

2.6

3*7

2

1 l- A A

4. A

4. ?

*

12-68

5 ,0

4 .7

8

9 -6 8

3.

0

1 6 4 .2

1?.

1 6 5 -8

?

1r*
»

»7

1 6 6 -0
1 6 4 .6
165-1

3. 7

7

?, 7

riT4

n Tn

* T7
5

A,

4-1

?- «
5

7 .7

7 -7

9 •n

1 1 -4

?r p

4. 7

3 .5

l tQ

7.

<. n
3

in

4, 5

4 .*
5

4 .5

•*,4

3.«

<>.7

5_n

4 *a

«. A
5

4. a

1 -<J

4. 7

5 .3

5 .2

5 .3

4. *
»
■

4 ,Q

7.

%o

4 -1

4^ A

4.
7-AQ

1

4.<»

4 .4

St 7

«5-n

*>.4

«5.7

*5-1

4 -4

5*7

A-AQ
7 -6 9

100

8 -6 9

*5-Q

*5.1

4 .

* .9

*,4
5

4 .^

5. 3

f
t

7

1 6 6 -0
U 7 .5

t?

A. Q

4

7 .7

« t **
5

2 ,9

A- q

7 .4

7 -A

A. 4

« .1
5

7 .1

2

. 7. 8

8 T.n

7T1

A •6

A -4

<3-A

A _*
5

7 .0

7 -n

a

- 1

* .4
5

A .l

*5.8

7-1

4 -7

A- 4

6 .8

f -P.
t

A- 1

5 .5

A- 7

5-8

..9-9

5-1

A. 7

7 .n

7 -0

A- 4

A .n

A .7

6 -5

5*5

7 .2

8-7

9

7 ,n

a

1

6 TA

A - *5

*5-7

A -9

7-*5

A .4

-5^7-.
.

fr.A

7.

6

.

,

4

1611-7

A.

164-1
1 7 0 .1
171 - 4
1 7 1 .7

«5.7

1 7 2 .5
1 7 9 -7

8*A«J

*5.0

4. a

5 -4

4 -0

4 -4

4-A

*5-»4

IS.

1

ft- n

s. 4

S .n

5^1

5 -0

4 -1

4 -6

4- 2

2 -1

o -^ a

L ^
.

Z _a
l

A._ Q

4. . A

1

ft

4. n

1; .. 1

.«
5

1

<. 1
;

4 . *5.

4 .1

4 -?

i.a

7 -a

n

7 -1

f»-7

7-6«

4 -6 8

8

5 -6 8

6-68

7 -6 8

8-68

l ? - i 69

1 -6 9

3 -6 9

4 -6 9

5 -6 9

6 -6 9

1 7 4 -A

4 -6

9-

68

1 0 - 69

11-68

IN IT IA L

2 -6 9

-7 -0

1 7 4 .1 P
.)-4

7 -6 9

1 T * . A0

8—69

MONTH

P - PPPL 1 Ml NA*?Y




PREPARED BY FEDERAL RESERVE BANK OF S T . LOUIS
nnrnR FR i ^ . i o m

5

Ratio Scale

Industrial Production

Ratio Sea le

Percentages are ann ual rates o f change between periods indicated.They are presented to aid in
com paring most recent developm ents w ith past "tre n d s.”
Latest data plotted: Septem ber p re lim in a ry




Prepared by Federal Reserve Bank o f St. Louis

6
RETAIL SALES
"

“

c ô m p ô u Nô é ô

IN IT IA L

T E R M IN A I
MONTH

nr

K ÏT É 5

"

change

m il l io n s

MONTH

5 -6 «

4 -6 8

3-<sA

2 -6 *

7 -1 b8

6 -6 8

A -6 8

3 -6 S

1 0 -6 8

1 1 -6 *1

H F S T “ 2 -6 < T

1 7 -& 8

3 -6 9

*5—6 9

4 -6 9

Ä- 69

7 —6 9

6 —6 9

2T99 9 6

2 6 .7

2 7 f 791

4 -6 8

7 .7

-8 .4

5 -6 8

1 0 .7

3 .5

1 7 ,. 1

6 -6 »

9 .8

4 .7

12 . 0

7 .1

7 -6 8

1 1 .0

7 .4

13 . 3

1 1 .5

28 , i 5#
2 8 ,3 2 0
16 .

2 8 ,6 7 4

1

A -6 Ö

9 .3

6 .7

1<V. A

A. A

f)• i

5. 7

9 -6 8

9 .2

6 .6

9 .9

8. I

8..5

4.9

6 .1

1 0 -6 8

6 .9

4. 3

6 .6

4 .7

4

.0

0. 3

-1 .3

n - v > ir

6 .6

4 .4

A .3

4 .J

4

1 2 -6 8

1 .9

1 .7

3 .0

1 .2

0

1 -6 9

6. 1

4 .3

5.

4 .5

4.

? -6 9

6 .7

5 .0

6

.5

5 .4

5

4 .9

3 .3

4 • /+

3 .2

4 -6 9

6 .?

4. 8

5 .

9

5 -^ 9

5 .6

4. 2

.

3

6 -6 9

5 .2

3 .9

4

3.

7

8 -6 9

4 .7

3 .5

4.

3

5 .1

4 .0

3 -6 8

4 .7

-4 .2

-7 .5

-7 .1

2.2

1 .9

0 .9

4 .1

3 .9

3 0 .8

2 8 ,9 8 9

.2

3. 7

3 .7

3 .2

6 .3

6 .9

2 1 .7

2 9 ,£ 0 9

2 .8

1. 3

0 .9

0 .1

1 .8

1 .2

8 .3

4 .8

3 .6

3 .6

3 .2

5 .3

5 .4

1 2 .0

6 .4

3 .2

2 4 .2

4 .1

* . A

* . r

^.0

4.2

I • ^

1 0 .2

-¿ .3

3 .7

2.

3 .4

7 .4

3 .2

0 .8

6 .4

-1 .4

-0 .6

4 .5

0 .7

- 1 .6

1 .8

-4 .7

-5 .9

1 .Ç

7

2 .6

1.5 - 1 4 . 3

2 8 ,9 1 6
2 9 ,4 4 2
M , 386
2 9 ,3 7 1
2 9 ,0 9 0

- 1 0 .9

1 .5

2. 3

1 .9

3 .0

2 .8

5 .7

2 .5

A .è

4 .2

-0 .3

0 .3

0 .8

14 .1

3 .0

2 .8

3 .8

3 .7

6 .4

3 .7

2.4

5 .5

2 .1

3 .2

4* 5

13 . 2

12 . 3

8 -6 8

9 -6 8

10 -6 «

1 1 -6 8

1 2 -6 8

1 -6 9

2 -6 9

3 -6 9

4 -6 9

5 -6 9

6 -6 9

7 - 69

8 - 69

3 .3

2 .4

3 .9

3 .1

6 - 6«

5 -6 3

3 .5

n . i
-

1 .«

1 .3

7 - 68

3 .5

'

2 .2

2 8 ,3 4 7 “

-1 7 .5

0 .8

1 .5

2 .5

4. 1

4 - 68

-2 . 7

1

2 .8

4. 8

2 -6 8

2 8 , 80&

-2 .6

.2

(S .6

28 ,6 9 7

8.2

4 .0

2 .9

I .4

-

4 .4

.9

4 .2

9 -6 9

¿ 8 ,7 6 0
2 8 ,9 0 2

5 .0

n

7 -6 9

IN IT IA L
P-

of

DO LLA R S

3 -6 8

:

ANNUAL

2 $ , 4 iiP
2 9 ,6 9 7 P

MONTH

P R E L IM IN A R Y
P R E P A R E D BY
O CTOBER 1 3 ,
PER SO N A L
rn M p n u N n F n
T F RM I MAI
MONTH

annual

IN IT IA L
2 -« SB

3 - -¿ A

9,r n

S--A ft

9 -

4 -6 3

5 -6 3

6 -6 «

7 -6 8

8 -6 «

9 -6 8

1 0 -6 8

R E S ER VE

B ANK

OF

ST.

rates

1 1 -6 8

B I L L I O N S OF
DO LLA R S
ANNUAL RATES

1 2 -1 SB

l - l b9

2 —1 9
&

3 -6 9

4 -6 9

5 -6 9

6 -6 9

7 -6 9

8 -6 9

7

6 7 1 .9

4, ?

6 7 4 -2

7.6

1 1 .- ?

a

a .9

8,. 6

1 0 .9

7- ' 6 4

9 ,. 8

8,. 8

K
1n , t-

9 . J

q , 3

ft--A ft

9 . 7

ft . 9

in .. 1

9 ,, 7

9 ,. 3

9i

9 *6 8

9 .6

8 ,9

0 , ft

9 ,, ^

9 ?

9 ,r I

9 ,. 0

i n —a h

o

8,

9

,
9, 7

9 ,

4

9,1

9 ,r 1

*>ir f l

9 T1

l i - . A ft

Q.

9 . 0

q ,. 7

9 ,4

s

.?

q ,- ?

9 ..1

9 .7

9 .4

1 2 *- 6 8

9 .4

8. 8

9 ,4
.

9 ,, ?

9, 0
.

3 .9

8

ft . g

ft r A

7 ,9

.
.9

a., 4

8 ,, 9

ft, . 6

A

,3

8 >2

8 , .0

7 ,7

7 ,9

At ?

4 .A

.5

fl,. 9

ft

.7

8

.4

.
8 ,3

fl.O

ft.O

7 .7

7 .?

A

a

-

a

.5

*
i

1«- 4 9

8

j . ,AQ

f-9
t

ft

..
.

6 8 0 -2

•¿ 9

Q► i

- a . 8

9, r 2

9,. 0

9 ■I

8,

7

9 ,. 1

8, ,

**A Q

Q.fl

ft

A -4 0

9 , 1

8

7 - 4 .0

O. 1

8 ,

f l-

.1
a

a

2 —6 8

m
f\
,7
7

9

,, ft

7 0 1 -1
7 0 6 -2
7 1 1 -5
71 A - 0

.f t

a

R. 7

8, ,7

ft, A

ft , *i

ft t 1

ft

ft, ,7

ft..A

ft. A

ft.5

A. 3

ft r

_________________ 7 L 8 . 7
9

.n

in .4

4

9.7

7 2 3 -9
1 1 -9

7 9 0 -7

in . 1

ft.4

7 3 5 -6

ft • 8

A • fi

fl, .A

fl.. 5

ft.4

ft.9

ft.?

fl . 2

9 -2

9 -2

7 -9

7 .4

9 ,» I

ft .

9

8. 8

8 .7

ft . 7

f l. A

ft.A

ft. S

ft - A

9 .4

9 .*>

ft.7

ft . 9

9 ,. 1

8, , g

R. 8

R .7

8,>7

9 .7

9 .6

« .5

8 ■A

9 ,

\

O .▲

ft . 7

ft t 9

9tA

ft, Q

fl , q

8 , .9

ft..ft

ft. I
I

ft.ft

ft.7

ft .ft

9 -it

9

.5

g .n

>
9- ■

9 . ft

O .S

a .c

a .4.

q a

a _■
*

a

)

a _?

a

7

O .7

a _1

a

.1

a .)

7 .«

1 - 69

2 - 69

3 -6 9

4 - 69

5 -6 9

9 ,. 1

9 ■n

a

fl .ft

ft

3 -< S8

6 9 6 .1

8 . «

8•

4 -6 8

7

5 -6 8

a

«

6-1* 8

9

6 9 1 -0

s ,. n

A ■ fl
*

A ft« ;.

10,, S

A-.K Q

____ a . -a o

L O U IS

iCHANGE

of

MONTH

14 .n

4 * -A ft

3 -1 Ù8

FEOERAL
1969

IN C U H t

7 -6 8

8 -6 8

9 -6 8

1 0 -6 8

1 1 -6 8

IN IT IA L

1 2 - 68

7 4 0 -0
in . 4

7 4 6 -1

6 -6 9

7 *1 .4,

7 5 7 -5 P

in .?
A .O

» .7

7 -6 9

7 « 0 .ftD

8 -6 9

MONTH

P-




PKEPARFD ÄY FE OÊUAL *ESEK*É BANK OF ST. LOUIS
QCXOB-E&, 17.




7

Retail Sales
Ratio S c a le

Ratio S c a le

Source: U.S. D ep a rtm e n t o f Com m erce
P e rce n ta g e s a re a n n u a l rates of ch a n g e between p e rio d s in d icate d . Th ey a re presen ted to aid in
com p arin g most recent d e ve lo p m e n ts with p a st "trends."
L a te s td a ta p lo tte d : Se p te m b e r p re lim in a ry
Prepared by FederalReserve Bank of St. Louis

Personal Income
Ratio S ca le
Billions of D o lla rs
80 0
I

Ratio Sca le
Billions of Dollars
800

M o n th ly To ta Is a tA n n u a l Rates
S e a s o n a lly A d ju s te d

......^

I

750

..

s 2

759

1

750

+ 9 .0 %c

700

70 0
650

650

^ 4 .2 %

+ : 1%
9

600

600
j

550
500

550
50 0

+ 6 .4 % ^

I
1

45 0

450

\ .................. .

1

35 0 1

1961

1962

1963

1964

1965

s
11
t t

o
>o

»

—

s5
c
0

400

r

A p r. 6 5

400

1966

1967

a
<u

1968

t

1969

Source-. U.S. D e p a rtm e n t o f Commerce
Pe rce ntage s are a n n u al rates of c h a n g e betw een p e rio d s indicated. They are p re sen te d to a id in
com paring most recent develop m ents with p a st "tre n d s."
Latest d a ta p lo tte d : Se p te m b er p re lim in a ry
Prepa red by Fede ra I Rese rve Ba nk of St. Lou is

350

8

GROSS NATIONAL PRODUCT IN CURRENT DOLLARS
--------COMPOUNDED ANNUAL RATES OF CHANGE
B IL L IO N S OF

OUAR TF°
4-S4

2 -6 5

1 -f >5

3-65

4 - A5

1-fe6

ANNUAL RATFS
2 -6 6

3 -6 6

4 -6 6

1 -6 7

2 -6 7

3 -6 7

4 -6 7

1 -6 8

2 -6 fl

3 -6 8

4 -6 8

1 -6 9

2 -6 9

M .. 4

6 6 2 .8

<3*7

S«n

6 7 5 .7

<*.A

,7

6 9 1 .1

1^.1

n A

Ì 0,, 4

,
11 : 4

V?. *
'

1 .1

in , o

1 1 ., 4

11 . ^

9,.ft

H i.. ;1

in . ,?

9. A

7 .4

»., ?

Q,,4

9,.4

ftf 7

7 ,4

7 Tf>

3-A5

9•f, A

9. 4

........ .Q S ...
+L

71 0 .0
7 2 9 .5
7 4 3 .3
755. O

4 -6 ^

Of 7

0 ,0
.

9.. ?

9,, 1

ftr 5

7r A

7 . *»

ftT ?

!-A ?

fi . 4

«. 1
,

Ai, 1

7,. c,

7 .7

A.1

5 .A

4.Q

.... 3 «6-7- . ..... .1^ ]

7,, 7

7,

j

7,■A

f., A

5 ,9

5 ,4

4 rO

__ ^ ^ y

r>

7,>
B

T,H

■6

... 7 , |

A, 4

I

5 ,«

5 ,?

4-A 7

>

7,

7 ., Ì

7,7

1.7

A. A

A .4

A .1

5.0

7 .*

*• *

a,

,1

7,n

7. 5

7. ^

4 ,°

A, Q

A.7

*,<*

«T«

ft t O

,3

■, ?
*,

7^

7 .5

7*5

7 TA

7 .*

ft.A

Q.A

9 .ft

1 0 .7

11 .7

7 .A

7. 7

7- A

A-A

0 .4

P -5

m .o

10.1

8 .5

7 *.7..

7 .A

-B.5-___9 *1

9 *2

8 .0

*t

., *

2 -6 *
ft- *

»-Aft
Arr&d—

,

H, i
t

-SU.5. .. 3,, 3_.

\

.3
•Î4

u _ri

< ?
4,
a,►JL-

7.

..7. a..

7* i,

-.7 .6

,7.,h

. 1 * 6 ____ I „ f t .

1—A*>

7 -6 ^

7 .6

4 -6 5

3 -6 5

4»°

1 -6 A

2-66

ft.1

81 6.1
O. 7

_a* i .....9 .4 .

A3 5 .3

3 -A 6

8 5 8 .7

A.£k ,

f l * 7____ f l . s

f l. 6

7 -7

ft >5____a*5 _ _ a * 6____ 8 . 4

4—
66

ft . 2

2 -6 7

1 -6 7

A 7 6 .4
7*6

j u a____z *5 _

a .a
I . ft____ a ^? _

IN IT IA L
P -

ftOO.4

Ot Q
ft.*?

7 .6

7->-6- - 1 . 6 -

-4 -U

4 -A 4

7 7 4 .2
7 8 3 .5

7 -6

-7 . a
L-

-2=510-

7 7 0 .7
1 .ft

3 -6 7

4 —A 7

1 -6 8

8 9 2 .5
- 908 . 7

-J *5 _

7 . 4 ____7 . 4

,92*. a .
.

7^3

2mA..

7 .7 ___ 2 *5 ____1*5____31*5—
2 -6 8

3 -6 8

4 -6 8

...

1 -6 9

94 2 *ÌE -

2 -6 9

Q UARTER

f> « * Ç I.IM ÎN ^ R y
PREPAREO
GROSS N A T IO N A L PRO DUCT I N C O N S T A N T 1 9 5 8
C (IM P O U N D E D A N N U A L R A T E S OF CHANG E
IN IT IA L

T P O M fM A I

BY F E D E R A L

RESERVE

BAN K

OF S T .

B I L L I O N S OF
D O LLA R S
ANNUAL RATES

Q UA RTE R

O HARTCR
4 —A 4

1 -A 5

? - '» 5

3 -6 5

4 -6 5

1-66

2-66

3 -6 6

4 -6 6

1 -6 7

2 -6 7

3 -6 7

4 -6 7

1 -6 8

2 -6 8

3 -6 8

4 —6 8

1 -6 9

2 -6 9
6 0 1 .6

l- £ f 5

9 ,

?

7 -A 5

7.

a

» -A 5

7. <
1

4 -6 5

fi »

1—
66

8*2

7* Q

4

7. A

7 .*

7 .0

« Î. 9

6 ,8

6 14

f . 5

4 • I

5

■0

?•4

3. 7

6a9

6. 1

?

5 .8

4

tq

3tq

4

4* 7

"X 1
-

7 .7

7 - ,3

1 ,, 9

-1 .0

3 .5

2,6

2 ,, 4

? i, 1

rtt?

7.

* .

>

7.

1

7, °

4

*

4,

1— 9
6

5

i °

4

?—

R

,1

5.

?

*i .

4 —6 A

5« I

j —f 9

5 *0

4.

ft

. fi
n

7

4,

%
.

ft,

649. 1

1

6 5 5 -ft

3 .7

-

4 a^

4« 4

3» 7

2 .9

21 8
1

? .o

3 .5

4 .7

V A

3 .0

7., q

7.. A

7 .3

3 .4

3 .0

3 .3

A, 7

4 ,4

1, - j

■ 't 3

3 ,, 3

1,, 3

3 .0

4 T0

4 .A

4 .A

5 .0

* iT n

4 .7

4 T7

3 r ft

3 1A
.

3.■9

3 .7

4 .7

5 .3

5 .5

6 .6

3 .. f t

3.,fl

Ï ., 9

3 -ft

4 .A

5 .0

■A

3.• A

3 .7

4 .4

4. A.

4 ^2

4 , ft

4, R

4, *

4 T1

4. K

4-*»

4. 7

A

1

4 t

? - ', 5

3 -6 S

6 9 3 .3

7 .4

7 0 5 .8
T

5 .1

5 .Ä

5 .7

4 .0

4 .7

4 .«

5 .1

4 .0

3 .6

4 .2

4t 4

4 ,4

4t4

4t l

3r 3

3 .«

3 .0
7

3 ,, 7

3 ,, 7

1.<i

3 .S

3- , 5

3 . ■6

3 -4

3 .9

4 .1

4 .0

4 .2

I

» .4

l- Q

» - ft

» -O

3 -«

2 -6 7

3 -6 ?

4 -6 7

1 -6 8

4« 0

A

6 8 3 .5

3 • 7

4 ,4

4 f {l

6 7 8 *0

» tA

4 *6

T

4

». 4

1 .»

*4.7

2-66

3 -6 6

4 -6 6

1 -6 7

*

.

6 6 6 *5
6 7 0 .5

2, *

4.A

4 .0

A

6 6 0 .2

668.1

4^

4 , *»

«Î.0

4» 7

1
,n

7 ,, 7

A

7

6 3 6 .6

o ,4

*>

4, g

4 jO

» - A ft

fl • ft

19

Ç ,j

6 2 2 .5

M. ?

V

«r 1

3 —6 7

6 1 0 .4

A, 0

7

5» 4

L O U IS

D O L LA R S

12.8

7 1 8 .5
? .0

2t 4

7 2 3 .1

7 .A

J*S

2-0

_ ft

7 .*

2 .7

2 .0

2 .1

2 -6 8

3 -6 8

4 -6 8

**69

2 -6 9

7 2 4 .7
7 3 0 .4 P

•
4 -6 4

V -6 5

4 -6 5

1-66

I N IT IA L

I

QUARTER

P - P R E L IM IN A R Y




PREPARFD BYFEOERALRfSERVE BANK OF S T . LOUIS
Q f.IO ftFft„■
1l.>—1.9A3—

9

Demand and Production
Ratio Seal«

Q u a rte rly T o ta ls a tA n n u a l Rates

Ratio ScqIo

LLGNP in currant d o lla rs.
Source: U.S. D epartm ent of Commerce
[2 G N P in 1958 d o lla rs.
Percentages are annual rates of change between periods indicated. They are presented to aid in
com paring most recent developments with past "trends.”
la to s t d a ta p lo tte d : 3rd q u a rte r prelim inary




Prepared by Federal Reserve Bank of St. Louis

I l)
FINAL

SALES IN CURRENT DOLLARS

TFRMfMAI
OUA«>TÇ«

IN IT IA L
4 -6 4

1 -6 5

2 -6 5

1-1f>
*5

4 -6 5

1 -6 6

2 -6 6

3 -6 6

1 -6 7

4-1

B IL L IO N S OF
DOLLARS
ANNUAL RATES

QUARTFR
? - l&7

I* .* *
2-*65

9,5

9,5

4 -6 *

10 . 0

|P , n

10 , 2

1 0 ,. 4

10 , q

9

9,1

Q. n

A .9

7,A

9,?

q,?

9,?

q 1

f «4
t

7,3

a, 4

a,?

fl n

7,?

6.1

6 .6

S, 5

fi , 3

8,?

A «n

7,( ^

6 ,5

7,.0

*»- a

f\, 1

&. ?

4.n

7.5

6.â

7 •3

6 «?

a .0

1 -6 9

2 -6 9

7•9

8•A

4 -6 8

q .6

g ,. 5

3 -6 8

\\ , 1

l -*>6

2 -6 8

q,5
10 , 3

1-1f>ft

9 15

« ,q

4 -6 7

q .4
9 ,4

3-167

A* 1

?-AA

4 - * 'S
1^A7
?<H»7

-

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

1 0 ,16

7 2 7 .1

5,, 1

7 4 4 .0
7 5 0 .8

3* 7

7 6 5 .2
7 8 0 .2

3 -6 7

A. ?

R, 1

&, o

7.R

7.3

6.8

7, 1

A, 5

7 .5

7, 3

6 ..5

A-#» 7

8 . -7

A, \

7, q

7. ?

7,

/S.9

7,. ?

A -7

7 .4

7- 3

6 .9

7 .3

f) • 6

g, «
s

3, 5

g,4

3,, ]

7.7

A, 1

A, 7

ft- q

9., ?

10 .6

14 . 1

S
8,*

f, 5
t

A. 4

f, ^
t

fi . n

7. 7

A .n

7 -A

A .5

ft- 6

f .A
t

9 .6

10 .7

H, 6

A. ?

7 ,q

A,, ^

ft- 1

A ,7

A- 9

9 .n

9 .7

m .5

A.0

7 -q

A .4

R-,5

A .5

A .9

9 .3

7 .A

a -o

6 .0

,5

a, A

ft.6

9 .0

9 .4

A. ?

A- 5

7 *7

9 -4

2 -6 3
■*-a »

A ■f\

A • fi

A , «j

4 -A fl

A,S

a,4

a,^

A, ?

A. n

7•

f 14
t

g,

$. i

7 •9

8 3 3 .6
3 4 ft- A _

7 .5
A. 7

8 6 9 .2

1n - n

8 8 2 .0

1—
69

8•5

q, s

f »?
t

ft.O

fl

Î-A O

A, 4

A , fr

A, ^

a, ?

A ■0

7 •A

A, 1

7-Q

A .4

ft. ,4

A.5

A .7

9•0

A .0

A- 1

7 -5

8 -3

7 -7

1-1.0

Q •a

ü _1

« •>

a 1

7 Q

7 a

n n

7.a

ft . 7

». ?

a."
K

A. 5

A. 7

7 .ft

7-Q

7 -*

7 -A

A- 9

6 -7

4 - f>4

1- S5

? - 65

A5

4-1f>5

I - S6

S6

3 -6 6

66

I— 7
6

3 - 67

4 —67
1

1 - SA

2 -6 8

3 -6 8

*
1
9
*
00

f
t

7 9 2 .6
8 0 6 .6

1 -6 9

2 -6 9

IN IT IA L

2-1f*7

9 0 2 -1
9 1 7 .9
9 3 2 -9 P

QUARTER

F - PRFLIMIN/VRV
PREPARED BY FEDERAL RESERVE BANK OF S T . LOUIS
F IN A L SALES IN CONSTANT 1958 DOLLARS
COMPOUNDFÎ) ANNUAL RATES OF CHANGE
TERMINAL
QUARTER

IN IT IA L
3 -6 4

4 -6 4

1 -6 5

2 -6 5

3 -6 5

4 -6 5

1 -6 6

4 -6 4

3 .7

2 -6 5

4 .9

7 .4

5 .7

7 .7

7 .7

6 .3

8 .0

8 .1

8 .5

6 .5

7 .8

7 .9

8 .1

8 .1

5 .6

6 .6

6 .4

6 .2

5 .6

4 .0

3 -6 7

4 -6 7

1 -6 8

2 -6 8

3 -6 8

4 -6 8

1 -6 9

7 .3

2 -6 6

2 -6 7

9 .0

1—
66

1 -6 7

8 .1

4 -6 5

4 -6 6

7 .2

3 -6 5

3 -6 6

-O .i

1 -6 5

2 -6 6

B IL L IO N S OF
DOLLARS
ANNUAL RATES

Q
1 UARTER

0 .8

5 8 0 .9
7 .6

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

3 -6 6

5 .7

6 .5

6 .4

6 .2

5 .7

4 .7

3 .4

6. 1

4 -6 6

5 .1

5 .7

5 .5

5 .2

4 .6

3 .5

2 .3

3 .1

0 .2

6 4 9 .1
6 4 9 .5

1 -6 7

5 .1

5 .7

5 .5

5 .2

4 .7

3 .9

3 .1

3 .9

2 .8

5 .3

2 -6 7

5 .2

5 .7

5 .5

5 .3

4 .9

4 .2

3 .6

4 .3

3 .8

5 .6

6 5 8 .0
5 .8

6 6 7 .4

3 -6 7

4 .9

5 .4

5. 1

4 .9

4 .5

3 .9

3 .3

3 .9

3 .3

4 .4

3 .9

2 .0

4 -6 7

4 .7

5 .1

4 .9

4 .7

4 .3

3 .7

3 .2

3 .6

3 .2

3 .9

3 .4

2 .2

2 .5

1 -6 8

5 .1

5 .5

5 .3

5 .2

4 .9

4 .4

4 .1

4 .6

4 .3

5 .2

5 .1

4 .9

6 .4

1 0 .5

2 -6 8

5 .0

5 .3

5 .2

5 .0

4 .7

4 .3

4 .0

4 .4

4 .1

4 .8

4 .7

4 .4

5 .2

6 .6

2 .9

6 7 0 .7
6 7 4 .8
6 9 1 .8
6 9 6 .8

3 -6 8

5 .0

5 .4

5 .2

5 .0

4 .8

4 .4

4 .1

4 .5

4 .3

4 .9

4 .8

4 .6

5 .3

6 .3

4 .2

5 .6

4 -6 8

4 .8

5 .1

4 .9

4 .8

4 .5

4 .2

3 .9

4 .2

4 .0

4 .5

4 .4

4 .1

4 .5

5 .1

3 .3

3 .5

1 .5

7 0 6 .3
7 0 9 .0

1 -6 9

4 .8

5 .1

4 .9

4 .8

4 .5

4 .2

4 .0

4 .3

4 .1

4 .5

4 .4

4 .2

4 .6

5 .0

3 .7

3 .9

3. 1

4 .7

2 -6 9

4 .6

4 .9

4 .7

4 .6

4 .4

4 .0

3 .8

4 .1

3 .9

4 .2

4 .1

3 .9

4 .2

4 .5

3 .3

3 .4

2 .7

3 .3

2 .0

3 -6 4

4 -6 4

1 -6 5

2 -6 5

3 -6 5

4 -6 5

1 -6 6

2 -6 6

3 -6 6

4 -6 6

1 -6 7

2 -6 7

3 -6 7

4 -6 7

1 -6 8

2 -6 8

3 -6 8

4 -6 8

1 -6 9




IN IT IA L

7 1 7 .2
7 2 0 .7

< UARTER
Q

PREFARED BY FEDERAL RESERVE BANK OF ST« LOUIS
AUÒU&T Ì5 t 1969------------------------------------------------

11

Final Sales
Total Spending Less Changes in Business Inventories

Ratio S c a le

Ratio S c a le

Source: U.S. Department of Commerce
Percentages are annual rates of change between periods indicated. They are presented to aid in
com paring most recent developm ents with past "trends.”
Latest d a ta p lotted: Current Dollars - 3rd quarter p re lim in a ry
Constant Dollars - 2nd quarter
Prepared by Federal Reserve Bank of St. Louis




12

c owsuwEft w rtfc' îwt
itt »—
COMPOUNDED ANNUAL RATES OF CHANGE

2 -6 «

IN IT IA L
5 -6 8

6 -6 8

7 -6 8

O'
at

4 -6 «

0»
1

T E R M I N A L ____________
MONTH
1 -6 «
2 -6 8
3 -6 9

9 -6 8

MONTH

1 9 5 7 -5 9 *

1 0 -6 8 1 1 -6 8 1 2 - 6 8

2 -6 9

1 -6 9

3 -6 9

4 -6 9

5 -6 9

6 -6 9

4 .1

1 1 9 .0

3 -6 8

4 .6
4 .5

4 .6

1 1 9 .5

5 .2

4 -6 »

1 1 9 .9

4 .1

5 -6 «

4 .4

4 .4

4. 1

4 .1

6 -6 «

4 .7

4 .9

4 .8

5 .1

6 .2

7 -6 «

5 .0

5 .1

5 .1

5 .4

6 .1

6 .1

8 *6 8

4 .«

4 .0

4 .9

5 .1

5 .4

5 ,1

9-6«

4 .6

4 .7

4 .6

4 .7

4 .8

4 .4

3 .5

3 .0

10-68

4 .0

5 ,0

4*9

5 .1

5 .3

5 .0

4 .7

5 .0

7 .1

1 2 0 .3
1 2 0 .9
1 2 1 .5
1 2 1 .9

4 .0

1 2 2 .2
1 2 2 .9
1 2 3 .4

1 1 -6 «

A.'-»

5 .0

4 ,9

5 .1

5 .2

5 .0

4 .3

5 .0

6 .0

5 .0

12—
68

4 .7

4. «

4.

1

4 ,8

4.<3

4 .7

4 .4

4 .5

5 .0

4 .0

3 .0

1-69

4 .6

4 .7

4.6

4 .7

4 ,8

4 .6

4 .3

4 .4

4 .7

4 .0

3 .5

2 -6 9

4 .7

4 .7

4 .7

4 .7

4 .8

4 .6

4 .4

4 .5

4 .8

4 .2

3 .9

4 .4

4 .9

3 -6 9

5 .0

5 .1

5 .1

5 .2

5 .3

5 .2

5 .1

5 .3

5 .6

5 .4

5 .4

6 .3

7 .5

1 0 .1

1 2 3 .7
1 2 4 .1

4 .0

1 2 4 .6
1 2 5 .6

4 -6 9

5. ?

5 .3

5 .3

5 .4

5 .5

5 .5

5 .4

5 .6

6 .0

5 .8

5 .9

6 .7

7 .6

9 .0

5 .1

5 .2

5 .2

5 .3

5 .4

5 .3

5 .3

5 .4

5 .7

5 .5

5 .6

6 .1

6 .7

7 .3

5 .9

1 2 6 .4

7 .9

5 -6 9

1 2 6 .8

3 .9

6 -6 9

5 .3

5 .4

5 .4

5 .5

5 .6

5 .5

5 .5

5 .6

5 .9

5 .8

5 .9

6 .4

6 .9

7 .4

6 .5

5 .8

5 ,3

5 .4

5 .4

5 .5

5 .6

5 .6

5 .5

5 .7

5 .9

5 .8

5 .9

6 .3

6 .7

7 .1

6 .3

5 .8

6 .8

1 2 7 .6

7 .8

7 -6 9

5 .3

5 .4

5 .4

1 -6 «

9 « *9

2-68

3 -6 8

5 .5
4 -6 B

5 .5

5 .5

5 .5

5 .6

5 .«

5 -6 8

6 -6 8

7 -6 8

8 -6 8

9 -6 «

5 .8

1 2 8 .2
1 2 8 .7

5 .8

6 .1

6 .4

6 .7

6 .0

5 .6

6 .1

5 .3

4 .8

1 0 -6 8 1 1 - 6 8

1 2 -6 8

1 -6 9

?—
69

3—
69

4 -6 9

5—
69

6 -6 9

7 -6 9

5 .7

IN IT IA L
*

100

7 -6 9

MONTH

NOT SEASONALLY ADJUSTED

WHOLESALE PR IC E S, ALL COMMODITIES *
COMPOUNDED ANNUAL RATES OF CHANGE

PREPARED BY FEDERAL R tS fcKV t
SEPTEMBER 2 3 , 1969

BANK O r S I . LUU IS

1957*- 5 9 « 100

IN IT IA L MONTH

TERMINAL
MONTH
2 -6 8

3 -6 8

4 -6 8

5 -6 8

6 -6 8

7 -6 8

8 -6 8

9 -6 8

1 0 -6 8

1 1 -6 8

1 2 -6 8

1 -6 9

2 -6 9

3 -6 9

4 -6 9

5 -6 9

6 -6 9

7 -6 9

8 -6 9
1 0 8 .2

3 -6 8

2 .2

4 -6 8

1 .7

1 .1

5 -6 8

1 .9

1 .7

1 0 8 .3
2 .2

1 0 8 .5
1 0 8 .7

6—
68

2 .0

1 .9

2 .2

2 .2

7 -4 8

2 .5

2 .5

3 .0

3 .4

4 .5

••»68

1 .3

1 .1

1 .1

0 .7

0 .0

9 -4 8

1 .8

1 .7

1 .8

1 .7

1 .5

0 .0

4 .5

10— 8
4

1 .5

1 .4

1 .5

1 .3

1 .1

0 .0

2 .2

1 0 9 .1
1 0 8 .7

-4 .3

1 0 9 .1
0 .0

1 0 9 .1
1 0 9 .6

1 1 -6 8

2 .0

1 .9

2 .1

2 .0

2 .0

1 .4

3 .4

2 .8

5 .6

1 2 -6 8

2 .0

2 .0

2 .1

2 .1

2 .0

1 .5

3 .1

2 .6

3 .9

2 .2

1 0 9 .8
1 1 0 .7

1 -6 9

2 .7

2 .8

3 .0

3 .1

3 .2

3 .0

4 .5

4 .5

6 .0

6 .2

1 0 .3

2 -6 9

2 .9

2 .9

3 .1

3 .2

3 .3

3 .2

4 .5

4 .5

5 .6

5 .6

7 .3

4 .4

3 -4 9

3 .2

3 .2

3 .4

3 .5

3 .7

3 .6

4 .8

4 .8

5 .8

5 .9

7 .1

5 .5

6 .7

4 -6 9

3 .1

3 .2

3 .3

3 .4

3 .5

3 .4

4 .4

4 .4

5 .2

5 .1

5 .8

4 .4

4 .4

2 .2

5 -6 9

3 .5

3 .6

3 .8

4 .0

4 .1

4 .1

5 .1

5 .1

5 .9

5 .9

6 .7

5 .8

6 .3

6 .1

1 0 .1

4 -6 9

3 .6

3 .7

3 .9

4 .0

4 .1

4 .1

5 .0

5 .0

5 .7

5 .7

6 .3

5 .5

5 .8

5 .5

7 .2

lll. l
1 1 1 .7
1 1 1 .9
1 1 2 .8
4 .3

1 1 3 .2

7 -6 9

3 .4

3 .5

3 .7

3 .8

3 .9

3 .8

4 .6

4« 6

5 .2

5 .1

5 .5

4 .8

4 .8

4 .4

5 .1

2 .7

1 .1

8 -6 9

3 .3

3 .4

3 .5

3 .6

3 .7

3 .6

4 .3

4 .3

4 .7

4 .6

5 .0

4 .2

4 .2

3 .7

4 .1

2 .1

1 .1

l. l

1 1 3 .4

3 .2

3 .3

3 .4

3 .5

3 .6

3 .5

4 .2

4 .1

4 .5

4 .4

4 .6

4 .0

3 .9

3 .4

3 .7

2 .1

1 .4

1 .6

2 .1

1 1 3 .6

2 -6 8

3 -6 8

4 -6 8

5 -6 8

6 -6 8

7 -4 8

8 -6 8

9 -6 8

1 0 -6 8

1 1 -6 8

1 2 -6 8

1 -4 *

2 -6 9

3 -4 9

4 -6 9

5 -6 9

6 -6 9

7 -6 9

8 -6 9

9 -6 9

IN IT IA L
*

1 1 3 .3

MONTH

NOT SEASONALLY ADJUSTED




yrereiEP iv.fece r o reser v e urn o r st . t o m s
OCTOBER 8 *

1969

13

Prices
Ratio Scale
1957 59=100
-

Ratio Scale
1957 59=100
-

Source: U.S. D epartm ent of Labor
Percentages are annual rates o f change between periods indicated. They are presented to aid in
comparing most recentdevelopm ents with past "tre n d s."
Latestdata plotted:Consum er - A u g u st; W holesale - Septem ber p relim inary
Prepared by Federal Reserve Bank of St. Louis




n
WHOLESALE PRICES -T N Ü U S T R PPL COMHODTITE5“ *
COMPOUNDED ANNUAL RATES OF CHANGE
TERMINAL
MONTH

IN IT IA L
2 -6 8

3 -6 8

4 -6 8

5 -6 8

6 -6 8

7 -6 8

8 -6 8

9 -6 8

1 0 -6 8

MONTH

1 1 -6 8

1 9 5 7 -5 9 » 100
1 -6 9

1 2 -6 8

2 -6 9

3 -6 9

4 -6 9

5 -6 9

6 -6 9

7 -6 9

8 -6 9
1 0 8 .6

3—
68

3 .4

4—
68

2 .8

5 -6 8

I . 1

0 .0

-2 .2

6 -6 8

1 .4

0 .7

0 .0

2 .2

7 -6 8

l.l

0 .6

0 .0

l. l

0 .0

8 -6 8

l.l

0 .7

0 .3

1 .1

0 .6

1 .1

9 -6 8

1 .4

l. l

0 .9

1 .7

1 .5

2 .2

3 .4

1 0 -6 8

1 .9

1 .7

1 .7

2 .4

2 .5

3 .4

4 .5

5 .6

1 1 -6 8

2 .0

1 .8

1 .7

2 .4

2 .4

3 .1

3 .7

3 .9

1 2 -6 8

2 .1

2 .0

1 .9

2 .5

2 .6

3 .1

3 .6

3 .7

2 .8

3 .3

4 .5

4 .7

4 .4

5 .6

7 .9

1 0 8 .8

2 .2

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

2 .2

1 1 0 .2
1 1 0 .9

1 -6 9

2 .6

2 .5

2 .6

3 .2

3 .3

3 .9

2 -6 9

2 .9

2 .8

2 .9

3 .5

3 .6

4 .1

4 .6

4 .9

4 .7

5 .6

6 .7

5 .5

3 -6 9

3. 1

3 .1

3 .2

3 .8

3 .9

4 .4

4 .9

5 .2

5 .1

5 .8

6 .7

6 .1

1 1 1 .4
6 .7

1 1 2 .0
1 1 2 .1

4 -6 9

3 .0

3 .0

3 .0

3 .5

3 .7

4 .1

4 .4

4 .6

4 .4

4 .9

5 .3

4 .4

3 .8

1 .1

5 -6 9

2 .9

2 .8

2 .9

3 .3

3 .4

3 .8

4 .1

4 .1

3 .9

4 .2

4 .4

3 .6

2 .9

1 .1

l. l

6 -6 9

2 .7

2 .6

2 .7

3 .1

3 .1

3 .4

3 .6

3 .7

3 .4

3 .6

3 .7

2 .8

2 .2

0 .7

0 .5

0 .0

7 -6 9

2 .7

2 .6

2 .6

3 .0

3 .1

3 .3

3 .5

3 .5

3 .3

3 .4

3 .4

2 .7

2 .2

1 .1

l. l

l.l

8 -6 9

2 .3

2 .7

2 .7

3 .1

3 .1

3 .4

3 .6

3 .6

3 .4

3 .5

3 .6

3 .0

2 .5

1 .7

1 .9

2 .2

3 .3

4 .4

9 -6 9

2 .8

2 .8

2 .8

3 .2

3 .2

3 .5

3 .6

3 .7

3 .5

3 .6

3 .6

3 .1

2 .8

2 .2

2 .4

2 .7

3 .6

4 .3

4 .3

2 -6 8

3 -6 8

4 -6 8

5 -6 8

6 -6 8

7 -6 8

8 -6 8

9 -6 8

1 0 -6 8

1 1 -6 8

1 2 -6 8

1 -6 9

2 -6 9

3 -6 9

4 -6 9

5 -6 9

6 -6 9

7 -6 9

8 -6 9

IN IT IA L
♦

1 1 2 .2
1 1 2 .2
1 1 2 .4

2 .2

1 1 2 .8
1 1 3 .2

MONTH

NOT SEASONALLY ADJUSTED
PREPARED BY FEDERAL RESERVE BANK OF S T . LOUIS
OCTOBER 8 , 1969
WHOLESALE PRICES * FARM PRODUCTS? AND PROCESSED FOODS AND FEEDS
COMPOUNDED ANNUAL RATES OF CHANGE

3 -6 8

4 -6 8

5 -6 8

6 -6 8

7 -6 8

8 -6 8

9 -6 8

1 0 -6 8

1 1 -6 8

1 2 -6 8

1 -6 9

2 -6 9

3 -6 9

4 -6 9

5 -6 9

6 -6 9

7 -6 9

8 -6 9

4 -6 8

0 .0

- l. l

!
j

1 0 6 .9

l.l

5 -6 8

4 .2

5 .7

1 3 .1

•>
»
*
>
»

2 -6 8
3 -6 8

3 .4

4 .2

6 .9

7 -6 8

5 .9

7 .2

1 0 .1

8 .6

1 6 .7

8 -6 8

j

1 9 5 7 - 59 = 100

IN IT IA L MONTH

TERMINAL
MONTH

1 ,7

1 .8

2 .5

- 0 .7

-1 .7

1 0 6 .8
1 0 7 .9
1 0 8 .0

l.l

1 0 9 .4
1 0 7 .7

-1 7 .1

9 -6 8

2 .9

3 .2

4 .1

2 .0

2 .2

-4 .3

1 0 .5

1 0 8 .6

1 0 -6 8

0 .8

0 .8

1 .1

- l. l

-1 .7

-7 .1

-1 .7

-1 2 .5

1 1 -6 8

1 .9

2 .0

2 .4

0 .7

0 .7

-3 .0

2 .2

-1 .6

1 0 .5

1 2 -6 8

1 0 7 .4
1 0 8 .3

1 .8

1 .9

2 .3

0 .8

0 .7

-2 .2

2 .0

- 0 .7

5 .7

l. l

1 -6 9

3. 1

3 .3

3 .8

2 .7

2 .9

0 .7

4 .7

3 .4

9 .2

8 .6

1 6 .6

2 -6 9

3 .0

3 .2

3 .6

2 .6

2 .8

0 .9

4 .3

3 .1

7 .4

6 .4

9 .2

2 .2

3 -6 9

3 .4

3 .6

4 .0

3 .1

3 .3

1 .8

4 .8

3 .9

7 .5

6 .8

8 .8

5 .0

4 -6 9

3 .3

3 .4

3 .8

3 .0

3 .2

1 .8

4 .5

3 .7

6 .6

5 .9

7 .1

4 .1

5 .0

2 .2

5 -6 9

5 .4

5 .7

6 .3

5 .7

6 .2

5 .2

8 .0

7 .7

1 0 .9

1 1 .0

1 3 .1

1 2 .2

1 5 .8

1 9 .9

4 0 .7

1 0 8 .4
1 0 9 .8
1 1 0 .0
7 .9

1 1 0 .7
1 1 0 .9
1 1 4 .1

6 -6 9

6 .0

6 .4

6 .9

6 .5

6 .9

6 .1

8 .8

8 .6

1 1 .5

1 1 .7

1 3 .5

1 2 .9

1 5 .8

1 8 .5

2 7 .6

1 5 .8

7 -6 9

5 .7

6 .0

6 .5

6 .0

6 .4

5 .6

7 .9

7 .7

1 0 .2

1 0 .1

1 1 .5

1 0 .7

1 2 .4

1 3 .6

1 7 .7

7 .6

0 .0

1 1 5 .5
1 1 5 .5

8 -6 9

4 .8

5 .0

5 .4

4 .9

5 .2

4 .4

6 .4

6 .0

8 .1

7 .8

8 .7

7 .6

8 .5

8 .7

1 0 .3

1 *8

-4 .6

-9 .0

9 -6 9

4 .4

4 .6

4 .9

4 .4

4 .6

3 .8

5 .6

5 .2

7 .0

6 .7

7 .3

6 .2

6 .8

6 .6

7 .5

0 .5

-4 .1

- 6 .1

-3 .1

2 -6 8

3 -6 8

4 -6 8

5 -6 8

6 -6 8

7 -6 8

8 -6 8

9 -6 8

1 0 -6 8

1 1 -6 8

1 2 -6 8

1 -6 9

2 -Ó 9

3 -6 9

4 -6 9

5 -6 9

6 -6 9

7 -6 9

8 -6 9

in it ia l

*

1 1 4 .6
1 1 4 .3

MONTH

NOT SEASONALLY ADJUSTED




~ REPARED~BV FEDERAL' RESERVE "BAWK OF ST. LOUI S
F
OCTOBER 8* 1969

1
5

General Price Index

Ratio Scale

Ratio Scale

1958=100

1958=100

* A* used in Notional Income Accounts
Source: U.S. Department of Commerce
Percentages are annual rates of change between periods indicated. They are presented to aid in
comparing most recent developments with past "trends."
Latest data plotted: 3rd quarter preliminary
Prepared by FederalReserve Bank of St. Louis

IM P L IC IT PRICE DEFLATOR FOR GROSS NATIONAL PRODUCT
___________ ro M P Q iiN n m a n n u a l r a t e s o f c h a n g e --------------------—
TERM I MAI.
QUARTF"

IN T T IA t
4 -* > 4

1 -6 5

2 -6 5

3 -6 5

4 -6 5

1 -6 6

2 -6 6

3 -6 6

4 -6 6

19 Ì 9 - « - LQ(L

QUARTER

1 - 6 7 ___ 2 - 6 7

3 -6 7

4 - 6 7 ___

L=65__ _____________ Ì=J6 l8 -- l=Ä2__2=&2-

-2.^2---------------------------------------------------------: ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------

.S - - . AS
T

-1 1 0 *2

IL U Q
l-»-7

..lL US.

i,a

- U 6 -------U i -

-2~ 0--------2 * 4 -

1 1 2 ,4

JLzhh-

H 3 .S

-Ju JL.

.1 1 4 « ^

5 ., *,

,7

? , .A

,1

^ ,. L.

■*—
ft?

1ft

“ 7
5

O j1 fl

^ ,1 n

), , O

3— 7
6

■ 1%
>

? 1R

? ,1 9

Ì ,, \

3, }

,q

*\ , 0
,

3,\

3, , 3

3,, 5

3, 1

3 ,

3,, 5

L-A7
1-ff^

, j>

1. 1 n

■ .ft
9

1?

1,10

2 ,1 fl

• ?.A

?, , 4

1,,4

3, ?

3, , t

** 1

3, , 3

41, ?

3, ,5

3, , 4

3. ,4

3. , 7

4, , 3

4i

3, , 5

3, , 5

3, , 5

3, , 7

4. , 1

4, , 1

3, , 7

A
3.•

4«, 1

4i , 1

3. , 9

4 i ifì

3.

4, . 1

4, . 1

3.

4. , n

3, . Zl

1 <1

^ ,1 o

.

^ ,, 1

3,, ?

^ ,,4

3,.6

3, >6

3,

3, , 5

* ., 1

^ ,, ?

3, , 3

3,

^ ,1 ft

3, .6

3.

3 , ■ft

^ «7

116-2
1U .Q
118-1
1t4.4
190.«
121.7
4, >n

,?

-------- —

-----

^ ,, 3

3,,5

3, , 7

3, , 7

3, , 7

3, ,7

*-7

3, ,<ï

4. .1

, 4, , |

4. .n

4. .1

4<i2

3, , 1

1 , 14

1 , 16

3 ,A
1

3 ,1A

3, : R

3, , 9

3

A 1.0

4. ,2

4, ,2

4,

4. , 3

4

* 4

1—
69

3,, ?

^ ,, '1

3 ,5

3 ,1 6

3, , 7

3, , q

3 ,,q

3, , q

%., q

A..n

,1
4«

4 . ,6

4 . ,4

4, , 4

Ai a

4..6

rJ6— — 4,rA——0 , r-ï——

4 -6 4

1 -6 5

2 -6 5

A.Î

.A-.®.. . 1 , 1

4 -f5

1 -6 6

2 -6 6

3 -6 6

4 -6 4

1 -6 7

IN IT IA L

2 -6 7

3 -6 7

4 -6 7

1-48

2 -6 8

* -9

-_5< O — - . & > !

MÌ—— 4,,0 — — 4,U)—— k->J Ì — — AhO - — A * 4 _ — 4*H a - —A h_5——AhJ L —— 4«-5_ _ —A«►A™ - A « *8—

3 -6 5

124*2
___

4«

., 4

3 -6 8

4 -4 8

1 -4 *

111.T
1.92^1

..

4*4

M f t -O »

2 -**

QUARTER

P - FRASER
Digitized forPRELIMINARY



PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS
OCTOBER 17.

1963___

Inventories Compared With Monthly Sales 1
M anufacturing an d Trade

1956 1957 1958 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970
*Ratios based on seasonally adjusted data.
Source: U.S. Departm ent of Commerce
Shaded areas represent periods of business recessions as defined by the N ational Bureau of Economic Research.

Latest data


plotted: A u gust

Prepared by Federal Reserve Bank of St. Louis

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