Full text of National Economic Trends : December 1972
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nflTionAL economic t r e i i d s PREPARED MONTH ENDING: BY FEDERAL November 30, 1972 RESERVE BANK OF ST. LOUIS RELEASED: December 26, 1972 The economic recovery, which began about two years ago, continued to progress strongly into year-end 1972. Sales, income, production and employment increased at rapid rates throughout most of the year. Consumer prices and wholesale prices of all commodities also increased rapidly in the latter half of 1972. Personal income increased 10.6 percent in the year ending in November, about the same as the 10.8 percent annual rate of increase since May. Retail sales rose at almost a 15 percent rate from June to November. The ratio of inventories to sales, which has been declining the past two years, was at 1.47 in October of this year, compared to 1.61 in October 1971 and 1.67 in October 1970. Industrial production increased 10.3 percent from November 1971 to November 1972, little different from the 11.1 percent rate of increase from June 1972 to November. Total civilian employment rose 3.1 percent in the year ending in November, compared with a 2.3 percent increase in the labor force over the same period. As a result, the employment rate fell from 6 percent of the labor force in November 1971 to 5.2 percent in November 1972. Consumer prices increased at a 4.2 percent rate from June to November, compared with a 2.9 percent rise in the pre ceding year. Wholesale prices of all commodities increased at a 5.7 percent rate from May to November, after rising 3.9 per cent in the preceding year. 2 TOTAL C I V I L I A N EMPLOYMENT COMPOUNDED ANNUAL R A T E S OF CHANGE TERMINAL IN IT IA L MONTH THOUSANDS month of _____________ 4-71 5- 71 6-71 7-7 1 8- 71 9-71 10- 71 1 1-71 12-71 1-72 2-72 3-72 4-72 5-7 2 6-7 2 7-72 8- 72 9- 72 perso n s 10-72___________________ I n U U l mT inT h PkEPARtO DECEMBER d ay p o l l COMPOUNDED rt Y P, FEDERAL 1972 REStKVt BANK OF ST. LOUIS em plo ym en t ANNUAL KA TE S OF CHANGE TE R M IN A L_______________________________________________________________________________I N I T I A L M O N T H _________________________________________________________________________ THQUS ANDS MOn TR OF P E R S O N S 5-71 9-71 10-71 1 1-71 12- 71 4- 71 6-71 8-71 7-71 1-72 2 -72 3-72 4-72 5- 72 6 -7 2 7 -7 2 9- 72 10 -7 2 8 -7 2 5-7 1 3.1 6-71 I .0 70,643 - 1. ? 70,574 7-71 J.4 -0.9 -0.7 8-71 0.4 -0.5 -C. ? 9- 7 I I 0.9 1. 5 2.7 5. 1 10-71 I . 1 0. 7 L. 2 1.9 2.7 0. 3 11-71 1.6 1. 3 1.8 ? .4 3.2 2.2 4.2 l?- 7 l I .n 1.6 2.0 2.6 3.2 2.6 3. 7 70,532 70,548 70,843 7 0 ,8 6 1 7 1 t 103 3 .2 7 1 ,2 9 1 1-7? ?. 1 1.9 2.4 2.9 3.4 3.0 4.0 3.8 4 .5 2-7? 2.2 2. 1 2.5 3.0 3 .4 3.1 3.8 3.7 3 .9 3 .; 3-72 ? .4 2.3 2.7 3 .2 3.6 3.3 3.9 3.9 4. 1 3.9 X 4.6 4-7? 2.5 2.5 2.« 3.3 3.6 3 .4 3.9 3.9 4. 1 3.9 4.3 71,552 t J . W 71,744 l 72,0 1 1 72,246 \ 5 -72 2.r 2.8 3.1 3.5 3.9 3.7 4 .2 4.2 4 .4 4.4 4.8 4.9 6-7? 2.7 2. 7 3.0 3.4 3.7 3.5 3 .9 3.9 4 .0 3.9 4.0 3.9 3.8 7-7? 2.5 2. < ♦ 2.7 3.0 3.3 3.1 3.4 3.3 3. 3 3 .1 3.1 2.7 I t} 0.6 -0.6 8- 7? 2.7 2. 6 2.9 3.2 3.5 3.3 3.6 3.5 3 .6 3.5 3.5 3.3 3.1 2.2 2.4 5.5 9-7? 2.7 2.7 2.9 3.2 3.4 3.3 3.6 3.5 3.5 3 .4 3.4 3.3 3.1 2.4 2.7 4.3 3.2 73,176 10-7? 2.0 2 .9 3.2 3.4 3.6 3.5 3.8 3.8 3.8 3.8 3.8 3. 7 3. 7 3.2 3.6 5.0 4.8 73.559P 1 1-72 2.9 2.9 3. ? 3.4 3.6 3.5 3.8 3.7 3 .8 3.7 3.8 3.7 3.6 3.3 3.6 4.6 3 4.9 7-71 8-71 9-71 10-71 1 1-71 12- 71 1-72 2 -7 2 3 -7 2 4-72 5-72 6-72 7-72 8-72 9- 7 2 4 -7 1 5-71 6-71 IN IT IA L P- 72,592 , . a\ 72,699 72 .6 6 1 72,984 1 73.765P --- 10 -7 2 MONTH P R F l 1MI NARY PREPARED D EC EM B ER 6Y 8, FEDLRAL 1972 RtStRVE BANK OF ST . LOUIS 3 EMPLOYMENT RATI O RATI O SCALE MILLIONS OF PERSONS SEASONALLY MILLIONS ADJUSTED OF SCALE PERSONS 8 7 6 5 SO U R C E - . PERCENTAGES ARE LATEST PLOTTED-. DATA ANNUAL RATES NOVEMBER OF C HANGE FOR PERIODS U.S.DEPARTMENT OF LABOR R E S E R VE BANK OF S T . LOUIS IN D IC ATED. PR ELIM INARY P RE PA R ED BY F E D E R A L 4 INDUSTRIAL PRODUCT ION COHPQlffflED kMtAlkL HATES Of ¿HAM&t MONTH 4-71 5-71 10. 6 6-71 5 .? 5-71 6-71 7-71 A- 71 9-71 10-71 T 1-'n 1 ?- 71 1-72 4-72 5-72 ft- 72 7-72 ft-7? 9-72 10-72 107. 4 107 4 7-71 1.1 - 1 .1 - 6 .5 - ?. 5 -ft. 5 -9. ft 1Oft . ft -1 ?. 7 1 9-71 1 .4 - 0 . ft -1 . t 1. 7 1 0-71 O.ft - 1 .1 - 1 .7 0 .0 7,.(1 1' -71 1 .5 0. 0 1 .7 7 .n 12-71 2 .1 1 .1 1 .1 2 .9 1 -7 ? ? . ft l.fl ?-. 1 1 .6 ?- 7 ? 4 .0 1. ? 1 .7 1 -7 ? 4. * 4. 1 4 -7? 5. Q 5-”>? 1ft 7,, i l.ft 7., 5 ft, 7,. 7 4 .5 7,, \ 7,. * 5. ? ft., 5 ft. 9., 1 10. 0 11 . n 4 .7 ft. ? 9,1 i- S ft. 1 7 . ft a 5. 4 5 Q ft-7? s. 5 5. 1 5. ft 7-7 ? i.i 5. ? 5. ft ft. ft ft 1 >iS ft—7 ? «1. Q * ft ft.ft 7. 1 ft ,. 9 <5-7? ft. 1 ft n ft. 4 7 .4 9,, 1 ft.4 ft. ft 7 .7 9,, 1 ft. 7 7. ? ft. 1 9,. 7 9. 1 ft. A ft. 4 11 - 7 ? 7. o ft . ft 5-71 c c 7. 1n - 7 ? 6-71 105. ft 1Oft. ft 107. 1 - v > s . 1 .7 1 07 .4 1 0 ft.1 10ft. 7 A ft 7 . ft in . , ? 11.>0 i ? .n U . ft in .,4 «. 1 11. h ii., 5 n ,^ 1A. 7. ? 9,, 7 ft. 7 10 , 5 n ., 1 11 , 7 1? . o ft. ft ft,, 9 7. Q 9., 4 9.>ft i o .n 1ft. 7 7 .7 9. n O., ? 0 4 O. A ft. 7 7. 5 4 . ft ^ . ft 5 .4 ft. 1 9. Q,, 5 « ,7 1ft. 1 O. 1 11. 4 ft. ft ft. 5 ft. ft 1 ? .? ^ N . 9. 5 Q.i ft in ,, n 1ft. 4 9 .7 <i.ft 7 .2 7 .9 <a.<a 1 2 .? 1 ? . l \ 1 1 ft. 1 9. 7 io ., n i n,, ? 1ft. ft in . «a. 4 ft.ft ft.7 1 ft.4 12.1 1? . O 1 ?.O ^ N ., 1 1 7 . ?P 1ft. 1 io . , i 10 . 5 1ft. Q 1ft. 4 in . ft.ft 9 . ft 11.1 l? .ft 1? . 7 11.1 10-71 1 1-71 12* ’71 1-72 2-72 1-72 5-72 6-72 7-72 8 -7 2 9 - 7 2 1 0-7? 7-71 8-71 9-71 1 1 0 .0 INITIAL P- 2-72 0. 0 A-71 4-71 1-72 ft 111? 1 1? . 1 4 .1 1 2. 2 11. \ 9. ft ft. ? ft ft 1. ? 4-72 ?. 1 \ 1 1 1 .4 1 1 ^ .9 1 1 5 .0 14. 2 \ 1 1 ft *P MONTH PR ELIM IN ARY ft 1 1 1 .? PREPARED nerenftfo §V P E O f R A L n. 19 7 ? RESERVE BANK Oc ST. LO U IS 5 INDUSTRIAL RATIO PRODUCTION S CAL E 19 6 7 - 1 0 0 RATIO SEASONALLY 1967-100 ADJUSTED PERCENTAGES ARE ANNUAL RATES OF CHANCE FOR PERIODS S CAL E INDICATED. LATEST DATA PLOTTED« NOVEMBER PRELIMINARY P R E PA R E D BY F E D E R A L R E S E R VE BANK OF S T . LOUIS 6 Kfcl A IL S IT E S ' COMPOUNOEO ANNUAL RATfeS OF CHANGE TERM INAL IN ITIAL M ittI O N S OF DÜLLÄk* MONTH "WJW1 H 4—71 5-71 - 2 .7 6-71 4 .5 5-71 6—71 7-71 8-71 9-71 10-71 11-71 12-71 2-72 1-72 3-72 4-72 6-72 5-72 7-72 8-72 9-72 10-72 3 3 *502 1 2 .3 33*027 7-71 1 .3 3 .4 - 4 .8 8-71 9 .9 1 4 .5 1 5 .6 4 0 .4 9—71 12.1 1 6 .2 1 7.5 3 0 .6 ^ 2 1 .4 10-71 8 .4 1 0 .8 1 0 .4 1 6 .0 5 .5 11-71 1 0.4 1 2 .8 1 2 .8 1 7.8 1 1 .0 6 .2 2 3 .1 12-71 5 .9 7 .2 6 .4 8 .8 2 .1 - 3 .6 - i .2 - 2 0 .6 1-72 5 .2 6 .3 5 .4 7 .2 1 .6 - 2 .8 - 0 .9 - 11.1 2-72 6 .3 7 .4 6 .8 8 .6 4 .0 0 .9 3 .3 - 2 .6 8 .0 1 7 .0 3-72 9 .4 1 0 .7 1 0 .5 1 2.5 9 .0 7 .1 1 0 .5 7 .6 1 9 .0 3 0 .1 4-72 8 .1 9 .1 8 .8 1 0.5 7 .2 5 .3 7 .$ 4 .9 1 2.5 1 7 .2 1 7 .3 - 5 .0 5-72 9 .8 1 0 .9 1 0 .7 1 2 .4 9 .7 8 .3 1 0 .9 9 .0 16.1 2 0 .7 2 1 .9 1 1 .9 3 1 .8 6-72 8 .2 9 .1 ?.9 1 0.2 7 .5 6 .1 8 .1 6 .1 1 1 .3 1 3 .8 1 3.1 4 .1 9 .0 - 9 .0 7-72 8 .9 9 .7 9 .6 1 0.8 3 .5 7 .3 9 .2 7 .5 1 2 .3 1 4 .6 1 4.1 7 .5 1 2 .0 3 .3 1 0 .3 8-72 9 .7 1 0 .5 1 0 .4 1 1.7 9 .6 1 0 .4 9 .1 1 3 .5 1 5 .6 1 5 .4 1 0.3 1 4 .5 9 .2 2 0 .2 3 3 .4 0 8 * 4*655 » 35*219 \ - 8 .4 8 .5 3 4 ,9 6 4 35*574 3 4 ,8 9 6 - 0 .3 54*006 35*345 36*450 X 16*296 . 3 7 . 14Ì 16*022 37*142 37*969 2 2 .1 9-72 8 .6 9 .4 9 .2 1 0 .2 8 .2 7 .2 8 .7 7 .4 1 1 .0 1 2 .5 1 1 .9 7 .2 9 .9 5 .0 1 0 .4 6 .7 - 6 .8 3 7 ,7 4 6 10-72 1 0 .7 1 1 .5 1 1.5 1 2 .6 1 0 .9 10.1 1 1 .8 1 0 .8 1 4 .6 1 6 .4 1 6 .3 1 2 .7 1 6 .0 1 3 .1 1 9 .6 2 0 .1 1 9.1 3 9 , O0 9 P 11-72 9 .9 1 0 .7 1 0 .6 1 1 .6 IT .? ! 9 .2 1 0 .6 9 .7 1 2 .9 1 4 .4 14.1 1 0 .7 1 3 .2 1 0 .3 1 4 .9 1 4 .0 1 1 .5 2 1 .9 4-/1 5-/1 6-/1 /-/l 8-/1 9-/1 IU— #I 11-/1 12-/I 1 -/2 ¿-n 3-/2 4 -/2 5-72 6-72 7-71 0-72 9-72 10-72 - 2 .3 1 3 9 *0 13 E INI I 1AL ITOjnJ h P- P R E L IM IN A R Y E- E ST I MAT EO OECEM0ER PERSONAL TERMINAL MONTH IN I T I A L 4-71 5-71 6-71 7-71 8-71 9-71 10-71 11-71 12-71 1-72 12* 1972 INCOME B IL L IO N S OF O O U A *$ ANNUAL RATES MONTH 2-72 3-72 4-72 5-72 6-72 7-72 8-72 9-72 10-72 5-71 8 .8 853*4 6-71 1 9 ,9 3 2 .0 8 7 3 ,4 7-n 7 ,3 6 .5 - 1 4 .1 8-71 7 .9 7 .6 - 2 .9 9 .7 9-71 7 .2 6 .8 - 0 ,5 7 .0 4 .4 862*4 869 .1 8 7 2 ,2 8 7 4 ,9 10-71 6 .6 6 .1 0 .5 5 .9 4 .0 3 .6 11-71 6 .6 6 .2 1 .7 6 .0 4 .8 5 .1 6 .5 12-71 7 .7 7 .5 3 ,9 6 .0 7 .5 8 .6 1 1 .2 16. 1 9 .5 1 1 .5 1 4 .1 12.1 8 7 9 ,4 8 9 0 .4 8 9 0 ,9 1-72 8 .2 8 .1 5. 1 6 .6 8 .4 2-72 8 .7 8 .7 6 .1 9 .3 9 .3 1 0.3 1 2 .0 1 3 .9 1 2 .8 1 3 .6 3-72 8 .6 8 .5 6 .2 9 .0 8 .9 9 .7 1 1.0 1 2.1 1 0 .8 1 0 .2 6 .9 4-72 8 .5 8 .5 6 .4 8 .9 8 .8 9 .5 1 0 .5 1 1 .3 10.1 9 .4 7 .4 5-72 8 .3 8 .3 6 .3 8 .6 8*5 9 .0 9 .6 1 0 .4 9 .3 8 .6 7 .0 7 .0 6 .2 6-72 7 .6 7. 5 5 .7 7 .7 7 .5 7 .8 8 .4 8 .6 7 .4 6 .5 4 .0 4 .1 2 .3 - 1*4 9 .3 fl.3 7 .7 6 .6 6 .5 6 .0 5 .9 1 3 .8 7-72 7 .9 8 .0 6 .3 8 .2 8 .0 8 .4 9.0_ 9 0 8 .5 9 1 3 .6 9 1 9 .4 7 .9 9 2 4 ,0 9 2 2 .9 9 3 2 .9 8-7? 8. 1 8 .0 6 .5 8 .3 8 .2 8 .5 9 .0 9 .3 8 .5 8 .0 7 .1 7 .1 6 .9 7 .1 11*6 9 .5 9-72 8 .1 8. 1 6 .7 8 .3 8 .2 6 .6 9 .0 9 .3 8 .5 8 .1 7 .3 7 .4 7 .3 7 .6 1 0 .8 9 .3 9 .0 9 4 0 ,0 9 .9 1 0 .7 1 3 .9 13*9 1 6 .2 2 3 .8 9 4 6 .0 10-72 9 .0 9 .0 7 .7 9 .3 9 .3 9 .7 1 0 .2 1 0 .5 1 0 .0 9 .7 9 .3 9 .6 11-72 9 .1 9^1 7 ±3 9 .4 9 .4 9 .8 1 0 .3 1 0 .6 10.1 9 .9 9 .5 9 .8 1 0 .1 1 0 .8 1 3 .4 1 3 .3 1 4 .6 1 7 .4 1 1 .4 4-71 5-71 6-71 7-71 8-71 9-71 10-71 U-71 12-71 1-72 2-72 3-72 4-72 5-72 6-72 7-72 8-72 9-72 10-72 IN I T I A L 9 63 *8P 9 7 2 .5 ^ MONTH P- P R E L IM IN A R Y PREPARED O ECEM BER 8V F E D E R A L 2 0 . 1972 RESERVE BANK OF ST. L O U IS 7 RETAIL RAT I 0 SALES SCALE B I L L ! ONS OF RAT I 0 DOLLARS SEASONALLY ADJUSTED B I L L I ONS OF PREPARED BY FEDERAL RESERVE BANK OF ST. PERSONAL 1964 1965 1966 1967 LOUIS INCOME 1968 1969 SOURCE: PERCENTAGES ARE ANNUAL RATES OF CHANCE FOR PERIOOS LATEST DATA PLOTTED; SCALE OOLLARS 1970 U.S. 1971 1972 DEPARTMENT OF COMMERCE INDICATED. NOVEMBER PRELIMINARY PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 8 GRO SS N AT IO NA L PRODUCT IN CU RR ENT D O LLA RS COMPOUNDED ANNUAL R A T E S OF CHANGE TE R M IN A L QUARTER IN IT IA L 4-67 1 -68 9.2 2-68 10.4 1-68 2-68 3-68 4-6Ô 1-69 2-69 3- S9 4—69 B I L L I O N S OF DOLLARS ANNUAL R A T E S QUARTER 1-7Ò 2- 70 4-JÒ "T ^ rr ¿- n 3-71 4-71 857 .4 11.7 3-68 4.8 10. 1 8.6 4-68 9. 1 9. 1 7.8 7.0 1-69 8.8 8.8 7.8 7.4 > .4 87 5 . 2 89 0 . 2 1.8 90 7 . 0 2-69 8.6 Ô. 5 7. ? ?. 6 1.5 3-69 9.5 8. 4 t.8 7.6 7.8 7.8 8. 1 4-6 9 7. 8 7. 7 7.0 6.7 6.6 6.2 5.6 3. 1 1-70 7.4 7.2 6.5 6.2 6.0 5.6 5.0 3. 5 3.9 2-70 7.2 7.0 6.5 6.2 6.0 5.7 5.2 4. 3 4.9 3-70 7.1 6.9 6.4 6.2 6.0 5.7 5.4 4. 7 5.3 6. 0 6.1 4-70 6.6 6.4 5.9 5.6 5.4 5.1 4.7 4. 1 4.3 4.4 3.7 $2 3 . 5 94 1 . 7 948. 9 +4 .1 % 958 .0 X 971. 7 5.8 V\ s 986. 3 989. 7 1-7.1 7.2 7. 1 6.6 6.5 6.4 6.2 6.0 5. 7 6.2 6. 8 7.2 " I 7.7 2-71 7.3 7. 1 6.7 6.6 6.5 6.4 6.3 6. 0 6.5 7. 0 7.3 7.7 11.1 7.9 3-71 7. 1 7.0 6.6 6.5 6. 4 6. 3 6.2 5. 9 6.4 6. 8 7.0 7.2 9.2 6.7 5.4 4-71 7.2 7. 1 6.8 6.6 6. 6 6.5 6.4 6. 2 6.6 7. 0 7.2 7.4 8.9 7.2 6. 8 1-72 7.5 7.4 7. 1 7.0 7.0 6.9 6.9 6. 8 7.2 7. 6 7.9 8.1 9.5 8.4 8.5 1 0. 1 12.0 ’ 2-72 7.7 7.3 7.3 7.3 t . 2 r.6 8. 0 8.3 8.6 9.3 9.0 9.2 ÌÓ .S ii.J tt.4 3-72 7.8 7.7 7.5 7.4 7.4 7.4 7.4 7. 3 7.7 8. 1 8.4 8.6 9. 7 9.0 9 .2 1 0. 1 10.8 10. 1 4 - 67 1-68 2-68 3-68 4- 68 1-69 2-69 3- 69 4- 69 1-70 2-7 0 3-70 4- 70 1-71 2-71 3-71 4-71 1-72 7.4 '7 .3 ' ■ IN IT IA L 11 4 . 3 1 ,0 2 3 .4 GROSS IN IT IA L 4- 67 5.4 2-68 6.4 1-68 2-68 3-68 4-6 8 1-69 2- 69 3- 69 4 - 69 1-70 1 ,0 5 6 .9 8.3 V . 1 ,0 7 8 .1 1, 1 0 9 . 1 ' 1» 1 3 9 . 4 8 .9^ 1 ,1 6 4 .0 2- 72 QUARTER N A TI O NA L PRODUCT I N CONSTANT 1958 COMPOUNDED ANNUAL R A T E S OF CHANGE TER M IN A L QUARTE R 1 ,0 4 3 .0 + 9 .7 % PREPAREO NOVEMBER 1-68 *- n t-7 * 834. 0 BY F E D E R A L I T , 1972 RESERVE BANK OF ST, DOLLARS B I L L I O N S OF DO LL A RS ANNUAL R A T E S QUAR TER 2-7 0 3-70 4-70 1-71 2-71 3-71 4-71 1-72 2-72 69 2 . 6 7.5 705. 3 3-68 5.6 5.8 4.0 4-6 8 4.8 4.6 3.2 2.4 1-69 4. 5 4. 3 3.2 2.9 3.3 2-69 4. 1 3.6 2.9 2.5 2.6 1.9 3-69 3.8 3.5 2.7 2. 4 2.4 1.9 1.9 712 .3 71 6 . 5 722 .4 72 5 . 8 729 .2 4 - 69 3.0 2.7 1.9 1.4 1.2 0.5 -0 . 2 -2 . 2 1-70 2.4 2.0 1.2 0 .8 0.4 -0.3 - I .0 -2 . 4 -2.6 2-70 2. 3 1. 9 1. 3 0.9 0.6 0.1 -0 . 4 -t . 1 -0.5 3-70 2. 3 1. 9 1. 3 1.0 0.8 0.4 0 -0 . 3 0.3 1. 8 2.0 4-70 1.7 1. 3 0.7 0.4 0.1 -0.3 -0 . 7 -1 . 2 -1 .0 -0. 4 -1.4 1-71 2. 1 1. 9 1.4 1. 1 0.9 0.7 0 .5 0. 2 0.7 1. 6 1.6 1.4 8.0 2-71 2.2 2.0 1.5 1.3 1.2 0.9 0. 8 0. 7 1.2 1. 9 2.0 2.0 5.6 3.3 3-71 2.2 2.0 1. 6 1.4 1.3 1 .1 1. 0 0. 9 1.4 2. 0 2.1 2.2 4.6 2.9 2.5 4-71 2.5 2.3 1.9 1 .8 1.7 1.6 1 .6 I . 5 2.0 2. 7 2.9 3.0 5. 1 4. 1 4.5 1-72 2.7 2.6 2.2 2. 1 2.1 2.0 2 .0 2 .0 2.5 3. 2 3.4 3.6 5.4 4.7 5.2 6.6 6.5 2-72 3. 1 3 .0 2.7 2.6 2.6 2.5 2 .6 2. 7 3.2 3. 8 4. 1 4.4 6.0 5.6 6.2 7.5 7.9 3-72 3. 3 3. 1 2.9 2.8 2.8 2.8 2. 9 3 .0 3.5 4. I 4.4 4.7 6. 1 5. 8 6. 3 7.2 7.4 7.9 6.4 2-68 3-68 4-68 1-69 2-'69 3- 69 4- 69 1-70 2- 70 3-7 0 3-71 4-71 1-72 2-72 .1 72 5 . 1 — 1. 2 % 720 .4 1. 7 23 .2 \ 726 . 8 -4.8 N 718. 0 7 3 1 .9 7 37 .9 + 6 .1 % 4-67 LO UIS 1-68 IN IT IA L 4- 7 0 1-71 2-71 742. 5 X 6.6 75 4 . 5 76 6 . 5 X 9.4 7 8 3 .9 ^ 796.1 QUARTER PREPAREO NOVEMBER BY FEDERAL 1?, \ 9 JZ RESERVE BANK OF ST, LOU IS 9 DEMAND RATIO SCALE TRILLIONS 1 AND PRODUCTION RATIO QUARTERLY T OTALS AT ANNUAL RATES OF D O L L A R S S E AS ONAL L Y A D J U S T E D TRILLIONS . SCALE OF D O L L A R S 1 .2 0 , 0.9 0 . 0.8 0 . 0.7 0 . 0.6 0 . 0.5 1964 1965 1966 1967 1968 HCHP IN CURRENT DOLLARS. 1969 1970 SOURCEt U . S . 1971 1972 DEPARTMENT OF COMMERCE fcfiNP IN 1958 OOLLARS. PERCENTAGES ARE ANNUAL RATES OF CHANGE FOR PERIO DS I NO ICATEO. LATEST DATA PLOTTED« 3R0 QUARTER PREPARED BY FEDERAL RESERVE BANK OF S T. LOUIS 10 COMPENSATION- FEfT WAN^ROUR, TOTAL P R IV A T t _____ COMPOUNDED ANNUAL RATES OF CHANGE ECONOMY T E R M I N A L _________________________________________________________________________I N I T I A L Q U A R T E R _______________ OUAKTtJ? 4-67 1-68 2-68 3-68 4-68 1-69 2-69 3-69 4-69 3-70 2-70 l- 70 4-70 1-68 9 .3 2-68 9 .4 7 .5 _______ 1-71 2-71 3-71 4-71 _____ 1-72 1967 « 100 2-72 1 0 4 .4 1 0 6 .3 3-68 8 .6 8 .2 4 -68 8 .6 8 .4 8 .7 8 .9 1 0 8 .6 1 1 0 .9 1-69 8 .1 7 .8 7 .3 5 .9 2-69 8 .1 7 .8 7 .6 7 .0 8 .1 3-69 7 .9 7 .7 7 .5 7 .0 7 .6 4-69 8 .2 8 .0 8 .0 7 .8 8 .4 9 .9 1-70 8 .0 7 .9 7 .9 7 .8 7 .6 0 .0 0 .4 6 .9 2-70 7 .8 7 .7 7 .7 7 .5 7 .3 7 .6 7 .5 7 .6 6 .5 1 1 2 .5 1 1 4 .7 1 1 6 .7 7 .2 1 19 .5 1 21 .5 1 2 3 .3 3-70 8 .0 7 .8 7 .9 7 .8 7.6 7 .9 7 .9 8. 1 7 .4 9 .4 4-70 7 .7 7 .6 7 .6 7 .5 7 .3 7 .5 7 .4 7 .5 6 .9 7 .3 5 .2 1-71 7 .9 7 .7 7 .8 7 .7 7 .5 7. 7 7 .7 7 .8 7 .4 8 .0 7 .3 2-71 7 .7 7 .6 7 .6 7 .5 7 .4 7 .5 7 .5 7 .5 7. 1 7 .5 6 .8 7 .7 5 .9 3-71 7 .6 7 .5 7 .5 7 .4 7 .2 7 .4 7 .3 7 .3 6 .9 7 .1 6 .6 7 .1 5 .9 5 .9 4-71 7 .4 7 .3 7 .3 7 .2 7 .0 7 .1 7 .1 7 .0 6 .7 6 .8 6 .2 6 .5 5 .6 5 .4 4 .0 1 -7? 7.5 7 .4 7 .4 7 .3 7 .1 7 .3 7 .2 7 .2 6 .9 7 .0 6 .6 6 .9 6 .3 6 .4 6 .7 1 26 .1 1 2 7 .7 130*6 9 .4 1 3 2 .5 1 3 4 .4 1 3 6 .0 1 3 8 .8 8 .5 2-72 7 .4 7 .3 7 .3 7 .1 7.1 7 .0 6 .8 6 .8 6 .5 6 .7 6 .1 6 .2 6 .3 7 .0 5 .6 3-72 7 .2 7 .1 7 .1 7 .0 6 .9 6 .8 6 .5 6 .5 6 .2 6 .3 5 .8 5 .8 5 .0 6 .1 5 .0 4. 3 4-67 1-68 2-68 3-68 3-69 4-69 2-70 3-70 4-70 1-71 2-71 3-71 4-71 1-72 2-72 4-68 1-69 Z-69 IN IT I 1 4 0 .7 1 42 .2 QUARTER ------------------------------------- ---------PREPARED BY F E 0 E R IT RESkRVE lAN K OP 5T. Q JU I5 NOVEMBER 2 7, 1972 LHJIPUT. PER“ MAN-HUU«, TOTAL P R IV A T E ECONOMY COMPOUNDED ANNUAL RATES OF CHANGE 1-68 4 .4 2-68 4 .0 3 .6 3-68 3 .5 3 .0 2 .4 4-68 3 .0 2 .5 2 .0 1 .6 1-69 2 .3 1 .8 1 .2 0 .6 - 0 .4 2-69 1 .8 1 .3 0 .7 0 .1 - 0 .6 - 0 .8 3-69 1 .5 1 .0 0 .5 0 .0 - 0 .5 - 0 .6 - 0 .6 - 0 .6 - 0 .6 - 0 .8 - 0 .8 - 1 .0 - 1 .2 0 .5 0 .8 1 .6 4 .3 O N> 1 I 1 QUARTER 0 TERM INAL_________________________________________________________________________ IN IT IA L QUARTER 4-67 1-68 2-68 1-69 3-69 4-69 3—68 4—68 2-69 _____________________________ ______________________1967 ■ 100 3-70 4-70 1-71 2-71 3-71 4-71 1-72 2-72 1 0 1 .8 1 0 2 .7 1 0 3 .3 1 0 3 .7 1 0 3 .6 A 7CCL 1 0 3 .4 - 0 .4 1 0 3 .3 4-69 1 .2 0 .7 0 .3 - 0 .2 1-70 0 .9 0 .5 0 .1 - 0 .3 2-70 1 .3 0 .9 0 .6 | - o « t | - 0 .8 i- - .- .I 0 .3 0 .1 0 .2 3-70 1 .7 1 .5 1 .2 l.l 1 .0 1 .3 1 .7 2 .2 3 .2 5 .5 6 .7 4 -70 1 .4 1 .2 0 .9 0 .8 0 .7 0 .8 1.1 1 .4 1 .9 3 .0 2 .3 1-71 1 .9 1 .7 1 .5 1 .4 1 .4 1 .6 2 .0 2 .4 3 .0 4 .1 4 .0 2. 7 7 .4 k\ 2-71 1.9 1 .7 1 .6 1 .5 1 .5 1 .7 2 .0 2 .4 2 .9 3 .7 3 .6 2 .5 4 .0 - 3-71 2 .0 1 .8 1 .7 1 .7 1 .7 1 .9 2 .2 2 .5 3 .0 3 .7 3 .5 2 .7 4 .3 2 .0 3 .4 4-71 2 .1 1 .9 1.8 1 .8 1 .8 2 .0 2 .3 2 .6 3 .0 3 .6 3 .5 2 .9 4 .1 3 .0 3 .4 3 .4 1-72 2 .2 2 .1 2 .0 1 .9 2 .0 2 .2 2 .4 2 .7 3 .1 3 .7 3 .6 3. 1 4. 1 3 .3 3 .6 3 .7 4 .1 2-72 2 .4 2 .3 2 .2 2 .2 2 .3 2 .5 2 .8 3 .1 3 .4 4 .0 3 .9 3 .5 4 .5 3 .9 4 .3 4 .6 5 .2 6 .3 3-72 2 .5 2 .4 2 .3 2 .3 2 .4 2 .6 2 .9 3 .1 3 .5 (T 7 1 3 .9 3 .6 4 .4 3 .9 4 .2 4 .4 4 .0 5 .1 4 .0 4—67 1-68 2-68 3-60 4-68 1-69 2-69 3-69 4-69 1-70 2-70 3-70 4-70 1-71 2-71 3-71 4-71 1-72 2-72 103 .1 1 0 2 .0 1 x \ 1 0 3 .9 1 0 5 .6 - 1 .9 1 05 .1 s + 4 .0 % 1 0 7 .0 V 1 0 7 .6 1 0 0 .5 1 0 9 .4 VSsX 1 1 0 .5 1 12 .2 1 1 1 3 .3 IN IT IA L OUARTTR T R E FtR E D BY FFDER1T RESERVE- BA'NK“ OF T T . TT3UI5" NOVEMBER 2 7 , 1972 11 PR O D U C T IV IT Y , R A T IO COMPENSATION, AND LABOR COSTS SCALE R A T IO I9 6 7 - IO O SCALE SEASONALLY A DJUSTED 1967-100 FfJtCfMTAtft A lt AMMAL M T U W CHAMi fOU ft f t t M l IH ilC A T li. LATIiT IATA P lfT T U t M l H A IT U f l l f A l U «Y F IH ilA l H I W V I 1AM * 91, I N I t U N IT CTPU1T CO S T S , t o t a l p r i v a t e e c o n o m y COMPOUNDED a n n u a l RATES OF CHANGE IN IT IA L T E«M IN AL guan rt< r 4-67 1-68 2-68 3-68 4-68 1-60 4 .4 2-68 4 .2 4 .0 3-68 4 .9 5. 1 6 .3 4-68 5 .4 5 .8 6 .7 7 .0 1—6 9 5 .6 6 .0 6 .6 6 .8 6 .5 1-69 2-69 3-69 4-69 QUARTER 1-70 2-70 1967 - 100 3-70 4-70 1-71 2-71 3-71 4-71 1-72 2-72 102*5 1 03 .3 105 .1 1 0 4 .9 1 0 8 .6 2-69 6 .2 6 .5 7.1 7 .4 7 .6 8 .7 3-69 6 .3 6 .7 7 .2 7 .4 7 .6 8 .1 7 .4 4-69 6 .9 7 .2 7 .8 8. 1 8 .3 8 .9 9 .0 10 .7 1-70 7 .1 7 .4 7 .9 8. 1 8 .4 8 .8 8 .9 9 .6 1 1 0 .9 1 1 2 .9 1 1 5 .• 8 .6 t|t* 2 2-70 6 .5 6 .7 7 .1 7 .2 7 .2 7 .4 7 .0 6 .9 5 .1 1 .7 3-70 6 .1 6 .3 6 .6 6 .6 6 .5 6 .5 6 .1 5 .8 4 .2 2 .0 2 .4 4 .8 7 .2 3 .7 4 .4 H i.7 119*4 4-70 6 .2 6 .4 6 .6 6 .7 6 .6 6 .6 6 .3 6 .0 4 .9 3 .7 1-71 5 .9 6 .0 6 .2 6 .1 6 .0 6 .0 5 .6 5 .3 4 .3 3 .2 2-71 5 .7 5 .8 6 .0 5 .9 5 .8 5 .8 5 .4 5 .1 4 .2 3 .4 3 .8 4 .3 2 .8 3-71 5 .5 5 .6 5 .7 5 .6 5 .5 5 .4 5 .0 4 .8 3 .9 3 .2 3 .5 3 .8 2 .6 J.l 2 ^ ^ 4-71 5 .2 5 .3 5 .3 5 .3 5. 1 5 .0 4 .6 4 .3 3 .6 2 .9 3 .1 3 .2 2 .2 2 .4 1 .6 1 .0 1-72 5 .2 5 .2 5 .3 5 .2 5 .1 5 .0 4 .7 4 .4 3 .7 3 .1 3 .3 3 .5 2 .8 3 .0 2 .7 2 .9 4 .9 ^ ^ 2-72 4 .9 4 .0 4 .9 4. 8 4 .7 4 .6 4 .2 3 .9 3 .3 2 .7 2 .8 2 .9 2 .2 2 .3 1 .9 1 .7 2 .1 - 0 .6 \ ^ 1 2 5 .5 3—72 4 .6 4 .6 4 .6 4 .5 4 .4 4 .2 3 .9 3 .6 3 .0 2 .5 1 .9 1 .9 1 .5 1 .3 1 .4 - 0 .3 1 2 5 .5 r 16"3' 7-63 4-68 1-69 2-69 3-69 4-69 3-70 4-70 1-71 2-71 3-71 4-71 1-72 4-67 ' ' ' 1-70 IN I T I A L 2-70 1 2 1 .5 1 .7 U 2 .0 12K2 1 2 3 .« 1 24 .2 125*7 0 .0 | 2-72 QUARTER "PUTPTRE'D'BYTFDE'RAl RFSPftVE BAM Of ST. LOUIS NOVEMBER 2 7, 1972 12 C O N S U M ER P R IC E T N B f X » S E A S O N A L L Y A O Ü U 5 T È D C O NP O U U O EO A N N U A L R A T E S Of C H A N fc t I ^ » «ONTH N-AL_______________________________________________________________________________ I N I T I A L 4-71 5-71 5-71 6.3 6-71 5.5 4 .8 7-71 4 .8 4 .0 6-71 7-71 8-71 9-71 10-71 11-71 12-71 M ONTH_________________________ _________________________________________ _____________ I » 4 7 1-72 2-72 3-72 4-72 5-72 6-72 7-72 0-72 ■ IQ Q 9-72 10-72 120*02 B-71 121*29 3 .3 121*42 4*1 3 .7 4.1 9-71 4 .0 3.5 3 .0 2*9 f \ , I ^ 1.7 122*20 10-71 3 .7 3.1 2 .7 2*6 1*0 122.39 U -71 3.5 3 .0 2 .7 2 .5 1.9 12-71 3.5 3.1 2.0 2 .7 2*4 3 .0 1-72 3.5 3.2 2.9 2 .9 2*6 3.2 3 .7 s .."X 2-72 3.9 3 .6 3.4 3.5 3 .4 4 .1 4 .0 5.3 7 .0 3-72 3.5 3 .3 3.1 3.1 2 .9 3 .4 3.7 3 .4 3 .7 0 .4 4-72 3.4 3.2 3 .0 3 .0 2 .B 3 .Î 3.3 3.2 3.1 1.2 2 .0 5-72 3.5 3.2 3.1 3. 1 2 .9 3.3 3 .5 3 .4 3.3 2.1 3 .0 6-72 3.3 3.0 2.9 2.8 2 .7 3 .0 3.1 2 .9 2*0 1.0 2.2 2 .3 0 .7 7-72 3.4 3.2 3.1 3 .0 2 .9 3.2 3*3 3*2 3.2 2.4 3*0 3 .3 2*9 5 8-72 3.4 3.2 3.1 3 .0 2 .9 3*2 3.3 3.2 3.2 2 .5 3 .0 3.2 2*9 4*1 9*0 122*0» 122*42 123.00 123*34 , \ 124*04 124.10 124*31 4 .0 124.72 124*79 . X 125*31 125*42 9-72 3.5 3 .3 3.2 3.2 3.2 3 .4 3.5 3 .5 3.5 3 .0 3 .4 3.7 3*4 4*4 4*3 5 .7 124*20 10-72 3.5 3.3 3.3 3.3 3.2 3 .4 3.5 3.5 3.5 3.1 3.5 3.7 3 .4 4*4 4*1 4 .7 124*59 11-72 3.5 3 .3 3.3 3 .3 3 .5 3.5 3.5 3.1 3.4 3 .4 3.6 4 .2 3 .9 4 .2 4-71 5-71 6- 71 7-71 9-71 10-71 11-71 12-71 1-72 2-72 3-72 4-72 5-72 ¿-72 7-71 3 .3 8-71 3.4 TffH I U 3 .5 3 *1 ^ 124*93 HOWTM P M H A É Ô 6Ÿ P fÔ Èk A L A Ê S ÉR V É' J Â S ü r G T T T r T G ü T r D E C E M B ER 2 2 , 1 9 7 2 WHOLE SALE PRIC ES - INDUSTRIAL COMMODITIES, SEASONALLY ADJUSTED ____ ______________ COHPOUNOED ANNUAL RATES OF CHANGE_____________________ IN IT*H TERMINAL MONTH 4-71 _5zJLL_ 5-71 6-71 7-71 8-71 9-71 10-71 11-71 12-71 hqnth, 1-72 ¿- 7 2 3-72 4-72 »-72 6-72 7-72 *~U lft“ 7 2 - W 2 111.33- 5-7 J L ilx îL - 4*1 J U i. ± IL _8zU _ 6 ,0 6 ,0 9-71 4 .6 4 ,3 7,0 6+8 ?tQ U 5 . 2L - Qi i . 1 1 3 . « _____ 3*4 3*0___ LLL. 1 .3 11-71 3 .1 2 .7 . . . lit 1 .3 - g .5 It # 12-71 3 .1 2 .7 2 .5 1 .6 0 .3 0 .6 2 .1 2 .9 1 1 5 .3 7 1-72 3 .2 2 .9 2 .8 2 .0 1 .1 1 .5 2 .8 3 .6 i l l * M _______ 2-72 3 .4 3 ,1 3 .0 2 .4 1*7 2 ,2 3 ,3 4 ,0 4 .6 3-72 3 .4 3 .2 3 .1 2 .5 1 .9 2 .4 3 .3 3 .8 4*2 4 ,1 3 .3 3 .3 2 .8 2 .4 2 .8 3 .6 4 .1 4 .4 4 .5 5 .3 l U A — ^ ¿ xj L . _i » . ^ llftttt - t i * ------ , _ \j+ 2 ]8 % 1 1 * .5 7 111x02____ 4-72 3 .5 ___ 5-72 i __L i-- 3 .6 3 .4 3 .4 3 .0 2 .6 3 .0 3 .7 4 ,1 4 ,4 4 .4 4 .8 6-72 3 .7 3 ,6 3 .5 3 ,2 2 .8 3 .2 3 ,9 4 ,3 4 ,5 S* *»9. -At 7 5 tl . 1 1 7 .ÎT 3 .5 3. 1 2 .8 3 .2 3 .0 4 .1 4 ,3 4 .3 4 .4 3 ,9 llft* 2 ± . 7-72 3 ,6 3 .5 8-72 3 .7 3 .6 3 .5 3 .2 3 .0 3 .1 3 ,9 4 ,1 *i3L. 9-72 3 .6 3 .5 3 .5 3 .2 2 .9 3 ,2 3 ,7 4 .0 S I 10-72 3 .4 3 .2 3 .2 2 .9 2 .6 2 .9 3 .3 3 .5 11—7 ? -kS 3- 3 3. 1 r 2 .e l 3 .1 3 .5 9-71 10-71 4-71 5-71 6-71 7-71 8-71 . S I. . 4 ,3 4 ,1 1 1 7 .4 1 _____ llfi.tfi Jlfi S I <t±l. iti 3 .2 iti ¿ iV .N v 3 .6 3 .5 3 .3 2t7 2 .1 US 0 .6 3 .7 3 .7 3 .7 3 .6 3 .3 3 .2 2 .8 2 .8 2 .2 11-71 12-71 1-72 3-72 4-72 5-72 6-72 7-72 8-72 1 1 1 .9 1 -JUJ— 2 ^ - 2 .1 5 .5 1 1 0 .0 0 1 lit.ài ST* LO U IS 9-72 10-72 IN IT IA L MONTH PREPARED O ECEN BER BY 7, FEO ERAL 1972 RESER VE SANK Of .. 13 P^TIO S CAL E ÌV67-100 PRICES R A T I O SCALE SEASONALLY AD J U ST ED rERCENTACES A RE ANNUAL RATES OF CHAM6E FOR PERIODS 1967-100 INDICATED. LATEST DATA PLOTTEO« NOVEMBER PREPARED BY FEDERAL RESERVE BANK OF ST . LOUIS 14 wholesale P R I C E S - ALL _____________________ C QM P n yMOC J CDMMCOITIES. a n n u a l KATES T CRM I NAL ________________________________________________________________________________________I N I T I A L SEASONALLY ADJUSTED OF C H A N G f __________________ *CNTH 1 MONT H <.-7 1 5-71 0- 7 1 5-71 3. 7 6-7 1 4.3 4.9 7-7 1 3.6 3. 6 2.3 8-7 1 5.0 S.4 5.7 9 -7 1 3.? 10-71 8-7 1 7-7 1 9-71 10-71 1 1-71 12-71 1-7 2 3-7? 2- 72 4- 72 5 -7 2 6 -7 2 H- 72 7-72 9 -7 2 ~ +Y'-'i 10 -7 2 1 1 3 .5 5 1 1 4 .0 0 1 1 4 .2 2 9.2 115 .0 6 3. 1 2.5 2.6 -3.6 2.0 2.3 ¿,3 -0.9 1 .3 2. 1 - o,? 1.6 1 .4 11 4 .7 1 I 14.08 U-71 2.7 2 .6 12-71 3 .3 3. 3 3.0 3. 1 1. 7 3.5 4.3 7 .3 1-72 3,7 3. 7 3.5 3,7 ?,6 4.3 5,1 7,0 6 ,7 2 -7 2 4. 0 4.0 i .9 4. 1 3.3 4.8 5,5 6.9 6, 7 6.7 12 3 .7 3. f 3 ,6 3, R 3 ,0 4,2 4,7 5,5 4.9 4.0 1.3 4-7? 3,7 3 .7 3. 6 3,7 3.1 4,1 4,5 5,1 4.5 3 .8 2 .4 3.4 1 1 5 .0 1 11 5 .6 9 I 16.3 2 11 6 .9 5 1 1 7 .0 8 11 7 .4 1 5-7? 3.9 3.9 3. 8 3,9 3,4 4,3 4,6 5,2 4,7 4.2 3 .4 4.5 5.6 6-7? 4 .0 4.0 3. 9 4.1 3.6 4,4 4,0 5,2 4,9 4,5 4.0 4.9 5 .6 5.7 7-7? 4 .3 4,3 4. 3 4,5 4.0 4,8 5.2 5.7 5.4 5.2 4.9 5.8 6.0 7 .2 S.6 1 1 7 .9 4 1 1 8 .4 9 1 1 9 .3 1 8-72 ' tt 5 4 »6 4.5 4,7 4,4 5, 1 5,4 5.9 5.7 5.6 5.4 6. ? 7 .0 7 .4 8.3 7.9 9-7? 4.5 4. 5 4*5 4t C 4,3 5,0 5.3 5,7 5.5 5.3 5. 1 5.8 6.3 6.4 6.7 5. 7 3.6 10-7? 4.3 4,3 4,3 4,4 4* 0 4. 7 4.9 5.2 5.0 4, b 4.6 5.1 5.4 5.3 5.2 4. 1 2.2 0.9 11-7 2 4.4 4.5 4,4 4.6 4.3 4 . -7 5, 1 5,4 5.2 5, 1 4.9 3,4 5 ,6 5, 7 5,6 4,9 ¿,9 4.1 7 .4 4-71 5-71 6 -7 1 7-71 8-71 I 1-71 12-71 1-72 2 -72 3 - 72 4-7 2 5- 72 6-72 7-12 8-12 9—72 10-7 2 9-71 10-71 IN IT IA L 1 2 0 .0 7 1 2 0 .4 2 1 2 0 .5 1 1 2 1 .2 3 MONTH PREPARED DECEMBER W H G i f S A l E P R I C E S —C ARM PR ODUCTS AND P R O C E S S E D ____________________________ C O M P C U N Jf n ANNUAL RA TE S QP BY 7, FEDERAL 1972 REStRVE BAN* OF ST. LOUIS FQDOS AND F E E D S , S E A S . A D J . C^ANGF___________________________________________________________________________ TERM INAL_______________________________________________________________________________I N I T I A L MONTH________________________________________________________________________________1967 MONT H 3-7? 9-71 10-71 I 1-71 12-71 4- 71 5 -71 6-71 7-71 7- 72 e - 71 1-72 2-72 4-72 6-72 9-72 10-72 8-72 5-12 5-7 1 2.1 6-71 3.2 4.3 7-71 -0 .7 -2.1 8-71 3.2 3.6 3.2 15,^ 9-71 -0.4 -1.1 -2.8 0,0 10-71 1.9 1.9 1 .3 4. 7 11-71 2.3 2.3 1.9 4.6 1. 1 12-71 4.1 4. 4 4. 4 7. 1 5.1 1-72 4.8 5.2 5,3 7.7 6.2 2-72 5.8 6,3 6.5 e.c 7.6 3-72 4.9 5.2 5,3 7, 1 5.9 4-72 4.4 4.6 4,6 6,2 5-72 4.8 5.0 5,1 6-72 4.9 5. 1 7-72 6.1 6.4 100 U ?T ? 114 ,1 1 13,3 -R. 1 114.7 . -13.7 -0 ,5 113.3 1 14 .6 14.7 115,0 9.3 4.3 12 .2 10.9 18.0 11 , 8 10,9 14,4 13. ? 12,5 12,0 14 . 7 13.0 15,3 9.6 8.6 9,7 7,0 5,2 -4.0 5.0 8,0 6.9 7.5 5,0 3 .1 -2.5 fc.5 5.5 8,2 7 ,3 7.8 5.9 4.7 i *4 4. I 9.5 5,2 6.5 5.6 8,9 7,? 7,6 5,9 5,0 2,5 4.3 7.8 0,2 6.5 7,9 7.2 9.5 9,9 9.5 8.4 a.o 9.4 13.1 14.9 24.4 8.0 1 0. 2 9.8 10 . 4 9.5 9,4 8.4 11 . 1 14.3 15,9 21.2 19 . 0 8.2 10 . 2 9,8 10 . 4 9.6 9.5 8.6 10.* 13,5 14.5 17.4 14 . 0 9.6 11.4 11.8 13.3 9 »2 10. 12.3 12.8 14. 1 11 , ( 9. 7 9.5 3-72 4- 7 2 5-72 6- 72 7- 72 8-7 2 9-72 .... 1 19 .0 8-72 6.9 7.1 7,3 7. 0 7,3 7.5 10-77 6.7 7.0 7. 1 8,2 7 ,7 9.6 9.2 9.6 9.« 3.6 7 .a 11 - 7 ? 7.? 7.5 7, 7 8, 8 3 ,4 10. 1 9.8 10.3 9.6 9.5 8.8 4-71 5-71 10-71 1 1-71 12-71 1-72 6-71 8,6 7-71 8-71 9-71 . LL 6 ^ 6 117 .6 9-7 2 - IN IT IA L 2-1 2 118 .6 -1,0 u s « ? 119 .4 120,0 122.2 123.9 124.9 1Q.1 .1 2 5 « 1 . 1.9 126.8 1 7. 6 f 10-72 MONTH P REPARED DECEMBER BY 7, FEDERAL 1972 , RtSfcKVE BANK UF ST. L OUI S 15 GENERAL PRICE INDEX* RAT I O SCALE R A T I O SCALE 1958-100 1958-100 1964 *A S OSCO 1965 III 1966 1967 1968 1969 MATIOHAL IMCOM€ ACCOUNTS re *C € N T A « € 8 A M 1970 S O W tC ft 0 . 3 . AMMUAL BATES O f C ttA lttt P O * P C * I O i * 1971 1972 i f P A A T H f HT O f C m t t A U IM O IC A TC O . LATEST SATA P L O T T i lt M O O üAUTtU P M P A H tO BY FEDERAL U X R V E IMPLICIT P R ICE D E F L A T O R FOR G R O S S N A T I O N A L C O M P O U N D E D A N N U A L R A T E S OF C H A N G E INITIAL TERMINAL QUARTER 4 - 6 7 1 - 6 8 2 - 6 8 3 - 6 8 4-68 F-69 2-69 3-69 4-69 1-70 «AMC O f S T . L O V IS PRODUCT QUARTER ?-70 1958 3-70 4-70 l-Jl 2 -1 l 3-7t 4-71 1 - Î2 100 2-12 t«:rr 4-67 1-68 _ _ _ _ _ 2-68 3-68 4-68 1-69 2-69 > 6 9 4~69 1-7Q _________ I N I T I A I ¿-7Q 3-70 4-70 1-71 2-71 3-71 4-71 1-72 2-12 QUARTER____________________________________________________________________ PREPA RED NOVEMBER BY FEDERAL 17» 1972 RESERVE BANK OF ST, LO U IS «RATIOS BASED ON S E A S O N A L L Y A D J U S T E D DATA. SOURCE* U . S . DEPARTMENT OF COMMERCE SHADED AREAS R E P R E S E N T P E R I O D S O f B U S I N E S S R E C E S S I O N S AS D E F I N E D BY THE N A T I O N A L BUREAU OF E CONOMI C R E S E A R C H . L A T E S T DATA P L OT T E D « OCTOBER P R E L I M I N A R Y PREPARED BY FEDE RAL R E S E R V E BANK OF S T . LOUIS
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