Full text of National Economic Trends : August 1984
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N a tio n a l E c o n o m ic T r e n d s S i n c e p e r c e n t i t s r e c e s s i o n a n n u a l e x p a n d e d s h a r p l y r a p i d l y . f r o m T h e e x p a n s i o n s p a y r o l l r a t e . e m 1 0 .6 p l o y m In t h e p a n y i n g in u n e m t o p l o y m e n t c o n f o r m o n o f p l o y m t h e e n t r e c e n t f o r 2 3 t h e d o e s a n y 7 .5 t a b l e p a s t g r o w t h in T H f o u r t h t h e s l o w c o m g r o w t h o f a l w a y s e x p a n s i o n , t h e E F I R E A in t h e t h e L G S I X t h e in a r a p i d N Q s ix r e a l P A N D A T U R ( c o m p o u n d e d P . t h e T H E R C i v i l i a n T o t a l l a b o r c i v i l i a n f o r c e e m p l o y m P a y r o l l e m p l o y m C h a n g e in c i v i l i a n u n e m 1 / in p l o y m e n t e n t p e r c e n t a g e e n t r a t e ! / h a s e x p a n d e d b u o y a n t f o r c e , u n e m a n d a t e m p l o y m a r a p i d p l o y m e n t 7 .2 e n t h a s h a s d r o p p e d t h e o f b o t h t r u e d u r i n g d e c l i n e r e a l G N in P r e c e n t o f c i v i l i a n t h e t h e t h e h a s e x p a n s i o n t o t a l c u r r e n t t r a n s l a t e d e n t h o w e v e r , u n e m i n t o p r e v i o u s p l o y m a n d e x p a n s i o n . r e c o v e r y , c i v i l i a n w i t h e m p l o y m t h e r a p i d e n t r a t e . l a r g e s t d r o p L A O a n n u a l F B O E C r a t e s R O N o f M A R O M I C K E T E X P A N S I O N c h a n g e ) 1 / 1 9 7 5 t o I I I / 1 9 7 6 1 / 1 9 6 1 I V / 1 9 7 0 t o t o I I I / 1 9 6 2 1 1 / 1 9 7 2 5 . 3 % 5 . 7 % 6 1 .7 2.6 2.6 0 .3 4 .1 3 .0 2 .7 1.2 3 .8 2 .5 2 .7 2 .9 - 3 .1 - 0 .6 - 0 .1 - 1 .2 7 .2 P P t a b l e . E S o f 1 1 / 1 9 8 4 N N o f is f o r c e t o G T h i s l a b o r I V / 1 9 8 2 R e a l r a t e s s i g n i f i c a n t in G b e e n l a b o r q u a r t e r s G N g r o w t h s h o w n r e a l h a s c i v i l i a n g r o w t h c i v i l i a n r e s u l t t h e t h e 1 9 8 2 , l a b o r p e r i o d . f i r s t o f o f f o r t h i s g r o w t h p e r i o d s S T o v e r p a r e s t h e o f g r o w t h G e n e r a l l y , w i t h n o t q u a r t e r d e m a n d p e r c e n t y e a r s . R I N t h e r e s u l t , r e l a t i v e l y t h e e n t c a s e a o v e r D e p e n d i n g e m W i t h p e r c e n t a c c o m l o w A s % . 0 % p o i n t s V ie w - K e i t h T H E F E D E R A L R E S E R V E B A M t o f S T . I X H 1 S s e x p re sse d d o n o t n e c e s s a r ily r e f le c t o f f ic ia l p o s it io n s o f t h e F ed e ral R e se rve S y s te m . M . C a r l s o n TO TAL C I V I L I A N COMPOUNDED EMPLOYM ENT ,A NNUAL R A T E S OF change TK O U SA N O S OF P E R S O N S MONTH 1 IN IT IA L MONTH 12-82 1-83 2 .1 2-83 1 .2 2-83 1-83 3-83 4-83 5-83 6-83 7-83 8-83 9-83 10 - 8 3 11-83 12-83 6-84 _ 4-84 1-84 9 9 ,1 5 4 9 9 ,1 7 2 0 .2 9 9 ,3 1 6 3-83 1 .4 1 .0 1 .8 4-83 I .9 1 .8 2 .7 3 .6 5 - 83 1 .9 1 .9 2 .4 2 .7 9 9 ,6 0 6 9 9 ,7 6 2 1 .9 1 0 0 ,7 4 3 6-83 3 .6 3 .9 4 .8 5 .9 7 .0 1 2 .5 7-83 3 .9 4 .2 5 .0 5 .9 6 .7 9 .1 tl* If í . j y.<* r. t * * .? J. I 9 —6 3 3 .9 4 .1 4 .7 5 .2 5 .6 6 .5 4 .6 3 .9 4 .7 10-83 3 .6 3 .8 4 .3 4 .6 4 .8 5 .4 3 .7 3 .0 2 .9 1 .1 11-8 3 4 .0 4 .2 4 .6 5 .0 5 .2 5 .8 4 .5 4 .1 4 .5 4 .4 7 .7 5 .5 4 .4 4 .1 4 .4 4 .2 5 .9 4 .0 3 .9 4 .9 3 .5 2 .9 4 .8 5 .8 5 .1 5 .7 4 1 0 1 ,2 2 5 5 .9 1 0 1 ,4 8 4 12-63 4 .0 4 .2 4 .6 4 .9 5 .1 1- 84 3 .9 4 .1 4 .4 4 .7 4 .8 5 .2 4 .2 3 .9 4 .1 2-64 4 .2 4 .4 4 .8 5 .0 5 .2 5 .6 4 .7 4 .6 4 .8 1 0 1 ,8 7 6 1 0 1 ,9 7 0 1 0 2 ,6 0 6 1 0 2 ,9 4 1 1 0 3 ,1 9 0 8 .5 1 0 3 ,8 9 2 3-84 4 .2 4 .3 4 .6 4 .9 5 .0 5 .3 4 .5 4 .4 4 .5 4 .5 5 .2 4 .6 4 .7 5 .7 4-84 4 .1 4 .2 4 .5 4 .7 4 .8 5 .1 4 .4 4 .2 4 .3 4 .3 4 .8 4 .3 4 .3 4 .8 3 .0 3 .1 5-84 4 .5 4 .6 4 .9 5 .1 5 .3 5 .5 4 .9 4 .8 5 .0 5 .1 5 .6 5 .3 5 .6 6 .2 5 .5 6 .8 2 .9 1 0 4 ,1 4 0 1 0 4 ,4 0 2 1 0 .7 1 0 5 ,2 8 8 6-84 4 .5 4 .6 4 .9 5 .1 5 .3 5 .5 5 .0 4 .9 5 .1 5 .1 5 .6 5 .3 5 .5 6 .1 5 .5 6 .3 8 .0 5 .4 7-84 4 .0 4 .2 4 .4 4 .6 4 .6 4 .8 4 .3 4 .1 4 .2 4 .2 4 .5 4 .1 4 .1 4 .3 3 .5 3 .7 3 .9 0 .6 - 3 .9 12 - 8 2 1 - 83 2 - 83 3-83 4-63 5-83 6-83 7-83 8-83 9-83 10-83 11-83 12-83 1-84 2-84 3-84 4-84 5-84 6-84 P A Y R O L L EM PLO YM EN T COMPOUNDED AN N UAL R A T E S Q F T E R M IN A L MONTH 1 2- 8 2 IN IT IA L 1-83 1-83 2 .5 2-83 0 .6 - 1 .3 2-83 3-83 4 - « 5-83 6-63 7-83 8-83 1 0 5 ,7 4 8 CHANGE MONTH 9-83 10-83 TH OUSAND S OF P E R S O N S 11-83 12 - 8 3 1-84 2-84 3-84 4-84 5—84 6 —8 4 88*827 8 8 .7 2 8 3-83 1 .4 0 .8 3 .0 4-83 2 .1 2 .0 3 .6 4 .3 5-83 2 .5 2 .6 3 .9 4 .3 4 .4 6-83 2 .9 3 .0 4 .1 4 .5 4 .6 4 .8 7-83 3 .2 3 .3 4 .2 4 .5 4 .6 4 .8 4 .7 8-83 2 .2 2 .1 2 .7 2 .6 2 .2 1 .5 - 0 .1 - 4 .6 9-83 3 .6 3 .7 4 .5 4 .7 4 .8 4 .9 4 .9 5 .0 1 5 .7 8 8 .9 4 5 8 9 .2 5 9 8 9 .5 7 8 8 9 .9 2 7 90 »2 7 4 8 9 ,9 1 8 9 1 .0 1 8 10-83 3 .7 3 .8 4 .5 4 .7 4 .7 4 .8 4 .8 4 .8 9 .9 4 .4 11-83 3 .7 3 .9 4 .5 4 .7 4 .7 4 .8 4 .8 4 .8 8 .1 4 .5 4 .6 12-8 3 3 .8 3 .9 4 .5 4 .6 4 .7 4 .7 4 .7 4 .7 7 .2 4 .5 4 .6 4 .5 1-84 3 .9 4 .0 4 .5 4 .7 4 .7 4 .7 4 .7 4 .7 6 .7 4 .6 4 .7 4 .7 4 .9 2-84 4 .0 4 .2 4 .6 4 .8 4 .8 4 .9 4 .9 4 .9 6 .6 4 .9 5 .0 5 .1 5 .5 6 .1 3-84 4 .0 4 .1 4 .5 4 .6 4 .7 4 .7 4 .7 4 .7 6 .1 4 .5 4 .6 4 .5 4 .6 4 .4 4-84 4 .0 4 .1 4 .5 4 .7 4 .7 4 .7 4 .7 4 .7 5 .9 4 .6 4 .7 4 .7 4 .7 4 .7 4 .0 5 .2 5-84 4 .0 4 .1 4 .5 4 .6 4 .7 4 .7 4 .7 4 .7 5 .7 4 .6 4 .6 4 .6 4 .6 4 .5 4 .0 4 .7 4 .2 6 —8 4 4 .0 4 .1 4 .5 4 .6 4 .6 4 .6 4 .6 4 .6 5 .6 4 .5 4 .5 4 .5 4 .5 4 .4 4 .0 4 .4 4 .1 4 .0 7-84 4 .0 4 .1 4 .5 4 .5 4 .6 4 .6 4 .6 4 .5 5 .4 4 .4 4 .5 4 .4 4 .4 4 .3 4 .0 4 .3 4 .0 4 .0 3 .9 12-8 2 1-83 2 - 83 3-83 4-83 5—8 3 6-83 7-83 8-83 9-83 10 - 8 3 11-83 12-83 1-84 2-84 3-84 4-84 5-84 6-84 IN IT IA L P- 1 0 5 ,3 9 5 9 1 ,3 4 5 9 1 ,6 8 8 9 2 ,0 2 6 9 2 ,3 9 1 9 2 ,8 4 6 2 .8 9 3 ,0 5 8 9 3 ,4 4 9 9 3 ,7 6 8 9 4 ,0 7 6 P 9 4 .3 7 8 P NONTH P R E ltM IN A R Y PR E PA R E D B Y F E D E R A L R E S E R V E BANK OF S T . AUGUST 3 . 1 9 8 4 2 L O U IS EMPLOYMENT R A T I O SCA L E R A T I O S CA L E M I L L I O N S OF PERSONS SEASONALLY M I L L I O N S OF PERSONS ADJUSTED SOURCEt PERCENTAGES ARE ANNUAL RATES OF CHANGE FOR PERIO D S LATEST DATA PLOTTED: U.S.DEPARTM ENT OF LABOR INDICATED. JU L Y PR ELIM IN A R Y PREPARED BY FEDERAL RESERVE BANK Or ST . UNEMPLOYMENT SEASONALLY P E R C E N T LO U IS RA TE ADJUSTED P E R C E N T 1 2 .0 I I . I I .0 10. 1 0 .0 9. 9 . 0 \. 8 .0 7. 7 . 0 6 . 6 .0 5. 5 . 0 4 . 4 . 0 197 6 1977 1 97 8 1 97 9 198 0 1981 198 2 SOURCEt PERCENT OF C IV IL IA N LATEST DATA PLOTTED: U .S . 1 98 3 198 4 DEPARTMENT OF LABOR LABOR FORCE JU L Y P R E P A R E D BY F E D E R A L 3 R E S E R V E BAN K OF S T . LO U IS CONSUMER P R IC E IN D E X FOR A L L URBAN C O N S U M E R S , SE A S O N A L L Y A D JU ST E D * _____________________ COMPOUNDED ANN UAL R A TES QF CHANGE______________________ T E R M IN A L MONTH 12 - 8 2 IN IT IA L 2-83 1-83 3-83 4-83 6—03 7-83 1967-100 MONTH 8-83 9-83 10-03 11-83 12-83 2-64 1 - 64 3 .8 2-83 1 .4 - 0 .8 3-83 1 .2 0 .0 0 .8 4-63 3 .0 2 .8 4 .6 8 .5 2 9 3 .5 2 9 5 .7 5-63 3 .5 3 .4 4 .9 6 .9 5 .4 3 .3 3 .2 4 .2 5 .4 3 .9 3 .5 2 9 7 .0 2 .5 2 9 7 ,6 2 9 8 .7 3 .4 4 .3 5 .2 4 .1 3 .5 4 .5 3 .6 4 .3 5 .1 4 .2 3 .8 4 .5 4 .5 2 9 9 .8 3 .7 3 .7 4 .4 5 .0 4 .3 4 .0 4 .5 4 .5 4 .5 ....... 3 . 9 3 .8 4 .4 5 .0 4 .4 ^ ♦2 4 .6 4 .6 4 .7 4 .9 3 .9 4 j»4 4 .9 4 ,4 4 .2 4 ,6 4 ,6 4 ,6 4 *7 4 *5 3 .8 4*3 4 ,7 4 ,2 4 ,0 4 ,3 4 *2 4 .2 4 3 .6 2*6 4t.L 4 *6 _ _5_*_Q_... 4 ,6 4 .5 4 .8 4 .8 4 .9 5 .0 5 .0 5 ,3 7 ,8 4 .6 4 ,5 4 .7 4 .8 4 .8 4 .9 4 .8 5 *0 6 .1 4 .4 4 ,4 4 ,3 4 .5 4 ,5 4 .5 4*5 4 *4 4 .4 5 .0 3 ,6 2 .8 4 .6 4 .6 4 *7 4*6 4 .7 5 .1 4 .3 4 .2 5 .6 1 9-8 3 CO U» . . 9 -9 3 0 5-64 6-84_ 2 9 3 .7 6-63 ____ 11-5 3 _____ 3..*_9_ 12.-83 ..*_U 1- 64 4-94 3-84 2 9 3 .7 1-83 7-63 5-8 3 2_-8 4 4W 4 .1 _______ 4 .9 3-84 4 .0 4 .0 4 .4 4 .7 4-84 4 11 4 .5 _ _ 4 .0 _ . 4 ,5 4 ,4 4 .6 5- 8 4 . 4_,4 .. 4 .6 4 ,3 3 0 0 ,9 3 0 2 ,1 303 , 2 3 0 3 ,9 3 0 5 ,8 3 0 6 .9 3 0 7 .6 3 0 9 .0 _ 4 .o _ 4 .0 4 .2 4 ,4 4 .4 4 .4 4 .4 4 .3 4 .3 4 .6 3 .8 3 .6 4 .0 2 .4 6-64 3 .9 3 .9 * *2 4 .4 4 ,2 4 ,1 4 .2 4 .2 4 .1 4 ,1 4 .0 3 .9 4 .1 3 .4 3 .2 3 .3 2 .2 2 .0 7-64 3 .9 3 .9 4 .2 4 .4 4 .1 4 .0 4 .1 4 .1 4 .1 4 .0 3 .9 3 ,9 4 .0 3 .4 3 .2 3 .4 2 .6 2 .7 3 .5 12-82 1-83 2-83 3-83 4—63 5-63 6 -8 3 7-83 8-83 9-83 10—83 11 - 8 3 12-03 1-84 2-04 3 —0 4 4-84 5-04 6-84 IN IT IA L ♦DATA B E G IN N IN G 1983 INCORPORATES rental EQUIVALENCE MEASURE* PREPA RED PR O D U C ER 2-03 3-03 4-83 5-03 BY > ?. FED ERA L RESERVE BANK 6-03 1-03 - 0 .5 2-03 - 3 .9 0 .0 3-03 - 3 .2 - 0 .4 - 1 .7 4-03 - 2 .5 - 0 .4 - 1 .1 -0 . 4 5-03 - 1 .3 0 .5 0 .4 1 .5 3 .4 6-03 - 0 .3 1 .4 1 .5 2 .6 4 .1 4 .7 7-03 - 0 .3 1 .1 1 .2 1 .9 2 .7 2 .3 0 .0 0-03 0 .3 1 .6 1 .0 2 .5 3 .2 3 .1 2 .3 7-03 8-83 *ONTH 1 9-83 10-83 11-03 12-03 1-04 2-04 3-04 4-84 5-04 L O U IS 1967 ■ 100 2 0 3 .6 2 0 3 .0 2 8 3 .4 2 0 3 .3 2 0 4 .1 2 0 5 .2 2 0 5 .2 4 .7 2 0 6 .3 9-03 0 .4 1 .6 1 .7 2 .3 2 .0 2 .7 2 .0 3 »0 1 .3 0 .6 1 .6 1 .7 2 .2 2 .7 2 .6 2 .0 2 .7 1 .7 2 .1 11-03 0 .5 1 .4 1 .5 1*9 2 .2 2 .0 1 .4 1 .0 0 .8 0 .6 - 0 .0 1 2- 0 3 0 .6 1 .5 1 .5 1 .9 2 .2 2 .0 1 .5 1 .9 1 .2 1 .1 0 .6 2 .1 1-04 1 .1 1 .9 2 .0 2 .4 2 .7 2 .7 2 .4 2 .0 2 .4 2 .6 2 .0 4 .7 7 .3 2-04 1 .3 2 .1 2 .3 2 .6 2 .9 2 .9 2 .6 3 .0 2 .7 3 .0 3 .3 4 .7 6 .0 4 .7 3-04 1 .6 2 .4 2 .5 2 .0 3 .1 3 .1 2 .9 3 .3 3 .1 3 .4 3 .6 4 .8 5 .7 4 .9 5 .1 4-04 1 .5 2 .3 2 .4 2 .7 2 .9 2 .9 2 .7 3 *0 2 .8 3 .0 3 .2 4 .0 4 .4 3 .5 2 .9 0 .0 5-04 1 .4 2 .1 2 .2 2 .4 2 .7 2 .6 2 .4 2 .7 2 .4 2 .6 2 .6 3 .2 3 .5 2 .5 1 .0 0 .2 - 0 .4 6-04 1 .3 1 .9 2 .0 2 .3 2 .4 2 .4 2 .2 2 .4 2 .1 2 .2 2 .3 2 .7 2 .0 1 .9 1 .2 0 .0 - 0 .4 - 0 .4 7-04 1 .4 2 .0 2 .1 2 .3 2 .5 2 .4 2 .3 2 .5 2 .3 2 .3 2 .4 2 .8 2 .9 2 .2 1 .7 0 .0 0 .0 1 .4 3 .3 12-02 1—6 3 2-63 3-03 4-83 5-83 6-83 7-83 0-83 9-83 10-63 11 —8 3 12-83 2-84 3-04 4-34“ 5-84 ¿- «4 FO U R ST. 6—04 10-03 ♦OAT A FO R OF 1<>A* P R I C E I N D E X , F I N I S H E D GOODS - S E A S O N A L L Y A D JU S T E D * COMPOUNDED AN N UAL R A T E S O F CHANGE IN IT IA L 1-03 3 1 0 .1 3 1 1 .0 MONTH A lifU KT T E R M IN A L MONTH 12-02 3 0 9 .6 MONTHS AGO R E V I S E D TO R E F L E C T LA TE 2 0 6 .6 IN IT IA L R E P O R T IN G 2 0 7 .1 2 0 6 .9 2 0 7 .4 2 0 9 .1 I- 8 4 r 2 9 0 .2 2 9 1 .4 2 9 1 .6 2 9 1 .5 2 9 1 .4 2 9 2 .2 MONTH PREPARED BY PfOC T A L RESERVE BANK CF ST. LOUIS AUGUST 10» 1984 4 RATIO SCALE P R I C E S 1967-100 SEASONALLY ADJUSTED RATIO SCALE 1967-100 CONSUMER PRI CE INOEX BEGINNING JANUARY I «78 1$ FOR ALL URBAN CONSUMERS ( C P I - O ) . CPI -0 DATA BE«I NN IN« I «83 INCORPORATE A RENTAL COM I VALENCE MEASURE FOR HOMEOVNERSHIP COSTS. PERCENTAGES ARE ANNUAL RATES Of CHANCE FOR PERIODS INDICATED. LATEST DATA PLOTTED. JULY PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS R A T IO P R ODU CE R SC AL E 1967-100 PRICES SEASO NALLY AD JUSTED R A T IO S C AL E 1967-100 PERCENTAGES A M AMMAL RATES Of CHANGE FOR PER 100S I NtlCATEO. LATEST BATA PLOTTtBt J*L Y PREPARE© BY FEDERAL RESERVE BANK Of ST. LOUIS 5 PRODUCER P R I C E T E R M IN A L HoWTH 12-82 IN O E X , F IN I S H E D CONSUMER FOODS - S E A S O N A L L Y A D JU S T E D * COHPOUNDED AN N UAL R A T E S O F CHANGE IN IT IA L 1 - 83 2-83 3-83 4-83 5—8 3 6-83 7-83 8-83 1967 ■ 100 MONTH 9-83 10-83 11-83 12-83 1-84 2-84 3-84 4-84 5-84 6-84 2 5 9 .0 1-83 - 2 .7 2-83 3 .5 1 0 .2 3-83 2 .3 5 .0 2 6 1 .1 0 .0 2 6 1 .1 2 6 3 .1 4-83 4 .1 6 .5 4 .7 5-83 2 .2 3 .5 1 .4 2 .1 - 4 .9 6-83 0 .7 1 .4 - 0 .7 - 0 .9 - 5 .8 —6 . 7 7-83 - 0 .2 0 .2 - 1 .6 - 2 .1 - 5 .7 - 6 .0 - 5 .4 8-83 0 .3 0 .8 - 0 .7 - 0 .8 - 3 .3 - 2 .7 - 0 .7 4 .2 9-83 1 .3 1 .8 0 .7 0 .8 - 0 .9 0 .1 2 .5 6 .7 9 .1 10-8 3 2 .4 3 .0 2 .1 2 .4 I .3 2 .6 5 .0 8 .8 1 1 .1 1 3 .1 11-83 1 .8 2 .3 1 .4 1*6 0 .5 1 .5 3 .2 5 .4 5 .8 4 .2 1 2- 8 3 2 .4 2 .9 2 .2 2 .4 1 .5 2 .5 4 .1 6 .1 6 .6 5 .8 2 .3 1-84 4 .7 5 .3 4 .9 5 .4 4 .9 6 .2 8 .2 1 0 .7 1 2 .0 1 2 .8 1 2 .6 9 .6 2 6 2 .0 2 6 0 .5 2 5 9 .3 2 6 0 .2 2 6 2 .1 2 6 4 .8 2 6 3 .9 - 4 .0 °« <y 2 6 5 .8 2 2 .0 3 6 .6 2 7 2 .8 2 7 4 .5 2-84 4 .9 5 .5 5 .1 5 .6 5 .2 6 .4 8 .2 1 0 .3 1 1 .3 1 1 .7 1 1 .4 1 7 .1 2 1 .3 3-84 5 .1 5 .7 5 .4 5 .9 5 .5 6 .6 8 .2 1 0 .1 1 0 .9 1 1 .2 1 0 .8 1 4 .9 1 6 .9 8 .2 8 .6 4-84 4 .4 4 .9 4 .6 4 .9 4 .6 5 .5 6 .8 8 .2 8 .7 8 .7 7 .9 1 0 .5 1 0 .9 3 .4 1 .3 - 5 .5 5-84 3 .3 3 .7 3 .3 3 .5 3 .1 3 .8 4 .8 5 .9 6 .0 5 .7 4 .6 6 .2 5 .6 - 1 .0 - 3 .7 - 9 .4 - 1 3 .1 6-84 2 .7 3 .1 2 .6 2 .8 2 .3 2 .9 3 .8 4 .6 4 .7 4 .2 3 .1 4 .2 3 .4 - 2 .2 - 4 .5 - 8 .5 - 1 0 .0 - 6 .8 7-84 3 .5 3 .8 3 .5 3 .7 3 .3 3 .9 4 .8 5 .7 5 .8 5 .5 4 .7 5 .9 5 .4 1 .0 - 0 .3 - 2 .5 - 1 .4 5 .0 1 8 .2 1-83 2-83 ^3-83 4-83 5—8 3 7-83 8-83 9-83 10-83 11-83 12-83 1-84 2-84 3-84 4-84 5-84 6-84 12 - 5 2 ” ♦DATA FO R FO U R MONTHS AGO R E V I S E D TO R E F L E C T P R O D U C ER T E R M IN A L MONTH 12 -8 2 5-8 3 P R IC E LATE 2 -83 3-83 4-83 5-83 2 7 6 .4 2 7 5 .1 2 7 1 .9 2 7 0 .3 I N D E X , F I N I S H E D G O O O S, E X C L U O IN G FOODS - S E A S O N A L L Y A D JU S T E D * COMPOUNDED AN N UAL R A T E S OF CHANGE_____________________________________ 6—83 7-83 8-83 9-83 MONTH_________________________________________________________________________________ 1967 « 10-83 11-83 12-83 1-84 2-84 3-84 4-84 5-84 - 1 0 .5 2-83 - 6 .2 - 1 .6 3-83 - 4 .8 - 1 .9 - 2 .1 4-83 - 4 .4 - 2 .3 - 2 .7 2 8 9 .2 2 8 8 .7 2 8 7 .9 - 3 .3 2 8 9 .3 5-83 - 2 .4 - 0 .3 0 .1 1 .3 6 .0 6-83 - 0 .7 1 .4 2 .2 3 .7 7 .3 8 .6 7-83 - 0 .3 1 .5 2 .2 3 .3 5 .5 5 .3 2 .1 2 9 1 .3 2 9 1 .8 8-83 0 .3 1 .9 2 .5 3 .4 5 .2 4 .9 3 .1 4 .2 9-83 0 .1 1 .6 2 .0 2 .7 4 .0 3 .5 1 .8 1 .7 - 0 .8 10-83 0 .0 1 .2 1 .6 2 .1 3 .1 2 .5 1 .0 0 .7 - 1 .0 - 1 .2 2 9 2 .8 - 0 .4 - 0 .2 2 9 2 .6 2 9 2 .3 11-83 0 .1 1 .2 1 .5 2 .0 2 .8 2 .2 1 .0 0 .7 1 2 -8 3 0 .0 l. l 1 .3 1 .7 2 .4 1 .8 0 .8 0 .5 - 0 .4 - 0 .3 0 .2 - 0 .4 1-84 0 .0 0 .9 1 .2 1 .5 2 .0 1 .6 0 .6 0 .3 - 0 .4 - 0 .3 0 .0 - 0 .4 - 0 .4 2-84 0 .2 l.l 1 .3 1 .7 2 .2 1 .8 0 .9 0 .8 0 .2 0 .4 0 .8 0 .8 1 .4 3 .3 0 .8 2 9 2 .5 2 9 2 .4 2 9 2 .3 2 9 3 .1 3-84 0 .5 1 .3 1 .5 1 .8 2 .3 2 .0 1 .2 1 .1 0 .7 1 .0 1 .4 1 .5 2 .2 3 .5 3 .7 4-84 0 .6 1 .4 1 .7 1 .9 2 .4 2 .1 1 .4 1 .4 1 .0 1 .3 1 .7 1 .9 2 .5 3 .5 3 .5 3 .3 5-84 0 .8 1 .6 1 .8 2 .1 2 .5 2 .2 1 .6 1 .6 1 .3 1 .6 2 .0 2 .2 2 .7 3 .5 3 .6 3 .5 3 .7 6-84 0 .9 1 .6 1 .8 2 .1 2 .5 2 .2 1 .7 1 .6 1 .4 1 .6 2 .0 2 .2 2 .6 3 .2 3 .2 3 .0 2 .9 2 .0 7-84 0 .8 1 .4 1 .6 1 .9 2 .2 2 .0 1 .5 1 .4 1 .2 1 .4 1 .6 1 .7 2 .1 2 .5 2 .3 2 .0 1 .5 0 .4 - 1 .2 12-82 1-83 2-83 3-83 4-83 5-63 6-83 7-83 8-83 9-83 10-83 11-83 12-83 1-84 2-84 3-84 4-84 5-84 6-84 FO U R 100 6-84 2 8 9 .6 1-83 ♦DATA FO R 2 7 4 .1 R E T O R T IN G _____________________________________________________________________ I N I T I A L 1 -83 7 .7 MONTHS AGO R E V I S E D TO R E F L E C T LA TE 2 9 4 .0 R E P O R T IN G AUGUST 1 0 . 6 1984 2 9 4 .8 2 9 5 .7 2 9 6 .2 2 9 5 .9 INDUSTRIAL PRODUCTION R A T I O S C A L E R A T I O S C A L E SEASONALLY ADJUSTED 1 9 6 7 - 1 0 0 1 9 6 7 - 1 0 0 170 165 160 155 145 140 135 130 125 120 1 1 9 7 6 1 9 7 7 1 9 7 8 1 97 9 1 9 8 0 1981 PERCENTAGES ARE ANNUAL RATES OF CHAN6E FOR PER IO D S LATEST DATA PLOTTEOt 198 2 1 9 8 3 15 1984 IN D ICATED . JU L Y PR ELIM IN A R Y PREPARED BY FEDELRAL RESER VE BANK OF ST . LO U IS IN D U S T R I A L P R O D U C T IO N COMPOUNDED AN N UAL R A T E S O F CHANGE T E R M IN A L MONTH 12-82 IN IT IA L 1 -63 1-83 21 . 4 2-83 1 3 .6 6 .3 2 - 83 3-83 *- 9 3 5-03 6-03 7-83 9-93 MONTH 9-93 10-93 1967 * 11-83 12-63 1 - 84 2-84 3-64 4-84 5 —84 6-84 1 3 7 .4 1 3 8 .1 3-83 1 5 .0 1 1 .9 1 7 .8 4-83 1 7 .3 1 6 .0 2 1 .2 2 4 .7 5-83 1 7 .1 1 6 .1 1 9 .5 2 0 .4 1 6 .2 6-83 1 7 .3 1 6 .4 1 9 .1 1 9 .6 1 7 .1 1 7 .9 7-83 1 9 .1 1 8 .7 2 1 .4 2 2 .3 2 1 .5 2 4 .1 3 0 .7 8-83 1 9 .0 1 8 .6 2 0 .8 2 1 .4 2 0 .6 2 2 .1 2 4 .3 1 4 0 .0 1 4 2 .6 1 4 4 .4 1 4 6 .4 1 4 9 .7 1 8 .2 18 .8 1 8 .4 2 0 .3 2 0 .7 1 9 .9 2 0 .8 2 1 .8 1 7 .6 1 7 .0 o » CD U> 1 5 1 .8 9-83 1 7 .8 1 7 .4 1 8 .9 1 9 .1 1 8 .1 1 8 .5 1 8 .7 1 4 .9 1 3 .3 9 .8 11-83 1 6 .3 1 5 .8 1 6 .9 1 6 .8 1 5 .7 1 5 .7 1 5 .2 1 1 .6 9 .5 6 .0 2 .3 12-8 3 1 5 .5 1 5 .0 1 5 .9 1 5 .7 1 4 .6 1 4 .4 1 3 .8 1 0 .7 9 .0 6 .4 4 .7 7 .2 1 5 .1 1 5 .0 1 4 .6 1 2 .1 1 0 .9 9 .5 9 .3 1 3 .0 1 9 .2 1 5 3 .6 1 5 5 .0 1 5 5 .3 1 CD 1 5 6 .2 1 5 .8 1 5 .4 1 6 .2 1 6 .1 2-84 1 5 .5 1 5 .1 1 5 .9 1 5 .7 1 4 .8 1 4 .7 1 4 .3 1 2 .1 1 1 .1 9 .9 1 0 .0 1 2 .7 1 5 .5 1 2 .0 3-64 1 4 .9 1 4 .4 1 5 .1 1 4 .9 1 4 .0 1 3 .8 1 3 .3 1 1 .3 1 0 .4 9 .3 9 .2 1 1 .0 1 2 .3 9 .0 6 .2 4-84 1 4 .6 1 4 .1 1 4 .7 1 4 .5 1 3 .7 1 3 .4 1 3 .0 1 1 .2 1 0 .3 9 .4 9 .4 1 0 .8 1 1 .8 9 .4 8 .1 1 5 8 .5 1 6 0 .0 1 6 0 .8 1 0 .1 1 6 2 .1 5-84 1 4 .0 1 3 .5 1 4 .0 1 3 .7 1 2 .9 1 2 .7 1 2 .2 1 0 .5 9 .7 8 .8 8 .7 9 .8 1 0 .3 8 .2 6 .9 7 .3 4 .5 6-84 1 3 .8 1 3 .4 1 3 .8 1 3 .5 1 2 .8 1 2 .5 1 2 .1 1 0 .5 9 .8 9 .0 8 .9 9 .9 1 0 .4 8 .7 7 .9 8 .5 7 .6 1 0 .8 7-84 1 3 .7 1 3 .3 1 3 .7 1 3 .4 1 2 .7 1 2 .5 1 2 .0 1 0 .6 1 0 .0 9 .3 9 .2 1 0 .1 1 0 .5 9 .2 8 .6 9 .2 8 .9 1 1 .2 1 1 .5 12- 8 2 1- 83 2-83 3- 8 3 4-83 5-63 6-63 7-83 6-83 9-63 10-63 11-83 12-83 1-84 2-84 3-84 4-84 5-84 6-84 I N IT IA L P- 100 1 6 2 .7 1 6 4 .IP 1 6 5 .6P MONTH P R E L IM IN A R Y PR E PA R E D BY F E D E R A L R E S E R V E AUGUST 1 5 1 1 9 8 4 7 BANK OF S T . L O U IS PERSONAL RAT 10 S CAL E TR I L L I O N S O F MONTHLY TOTALS INCOME AT ANNUAL SEASONALLY ADJUSTED D O L L A R S R A T I O SCALE RATES T R I L L I O N S OF D O L L A R S 3 . 2 3. I 3 3 . 0 2 2 . 9 2 2 .8 2 2 .7 2 2 .6 2 2 . 5 2. 2 .4 2 .3 1 . I . I . I . I . I . 1 . I . 1 976 1977 1 9 7 8 1 9 7 9 1 98 0 1981 198 2 SOURCE: PERCENTAGES ARE ANNUAL RATES OF CHANGE FOR PER IO O S LATEST DATA PLOTTED: U .S . 198 3 1984 DEPARTMENT OF COMMERCE INDICATED. JU L Y P R ELIM IN A R Y PREPARED BY FEDERAL RESER VE BANK OF ST . P E R S O N A L INCO M E COMPOUNDED AN N UAL R A T E S OF LO U IS CHANGE B IL L IO N S IN IT IA L AN N UAL R A T E S 1 2 —62 1-83 2- 6 3 3-83 4-83 5-83 6-83 7-83 8-83 10-83 9-83 11-83 12 - 8 3 1-84 2-84 3-84 4-84 5-84 6-84 2 ,6 5 9 .7 1-83 1 .5 2-8 3 0 .1 - 1 .3 3-83 2 .4 2 .8 7 .0 4-83 4 .2 5 .1 8 .5 1 0 .0 2 ,6 5 6 .8 2 ,6 7 1 .8 2 ,6 9 3 .2 2 ,7 1 5 .8 5-83 5 .5 6 .5 9 .2 1 0 .3 1 0 .5 6-83 6 .0 6 .9 9 .0 9 .7 9 .5 8 .5 7-83 5 .8 6 .5 8 .1 8 .4 7 .9 6 .6 4 .7 6 .7 5 .7 8-83 5 .9 6 .5 7 .9 8 .1 7 .6 2 ,7 3 4 .4 2 , 74-4.9 2 ,7 5 9 .9 6 .8 2 ,7 8 5 .0 9-83 6 .5 7 .1 8 .4 8 .7 8 .4 7 .8 7 .6 9 .1 1 1 .5 10-83 7 .2 7 .9 9 .1 9 .4 9 .2 9 .0 9 .1 1 0 .6 1 2 .6 1 3 .7 11-8 3 7 .3 7 .9 9 .0 9 .3 9 .1 8 .9 9 .0 1 0 .1 1 1 .2 1 1 .1 12 - 8 3 7 .7 8 .3 9 .3 9 .5 9 .5 9 .3 9 .4 1 0 .4 1 1 .3 1 1 .3 1 0 .1 1 1 .7 1-84 8 .3 8 .9 9 .9 1 0 .2 1 0 .2 1 0 .2 1 0 .4 1 1 .4 1 2 .4 1 2 .6 1 2 .2 1 4 .1 1 6 .7 2-84 8 .6 9 .1 1 0 .0 1 0 .3 1 0 .3 1 0 .3 1 0 .6 1 1 .4 1 2 .2 1 2 .4 1 2 .0 1 3 .2 1 4 .0 1 1 .4 1 0 .9 1 1 .5 1 1 .5 1 1 .1 1 1 .7 1 1 .7 9 .3 7 .2 2 ,8 1 4 .9 8 .5 2 ,8 3 4 .2 2 ,8 6 0 .4 2 ,8 9 7 .4 2 ,9 2 3 .5 2 ,9 4 0 .6 3-84 8 .5 9 .0 9 .8 1 0 .I 1 0 .1 1 0 .0 1 0 .2 4-84 8 .7 9 .1 9 .9 1 0 .2 1 0 .2 1 0 .1 1 0 .3 1 0 .9 1 1 .5 1 1 .5 1 1 .1 1 1 .6 1 1 .6 1 0 .0 9 .3 1 1 .5 5-8* 8 .4 8 .8 9 .5 9 .7 9 .7 9 .6 9 .7 1 0 .2 1 0 .6 1 0 .5 1 0 .1 1 0 .3 1 0 .1 8 .5 7 .5 7 .7 4 .0 1 0 .6 1 0 .6 1 0 .2 1 0 .4 1 0 .2 8 .9 8 .3 8 .7 7 .4 1 0 .8 2 ,9 6 7 .3 2 ,9 7 7 .0 3 ,0 0 2 .6 6-84 8 .5 8 .9 9 .6 9 .8 9 .8 9 .7 9 .8 1 0 .3 7-84 8 .6 9 .0 9 .6 9 .8 9 .8 9 .7 9 .8 1 0 .3 1 0 .6 1 0 .5 1 0 .2 1 0 .4 1 0 .2 9 .1 8 .7 9 .1 8 .3 1 0 .5 1 0 .2 12-8 2 1-83 2-83 3-63 4-63 5—83 6-83 7-83 6-83 9-83 10-83 11-83 12—63 1-84 2-84 3-84 4-84 5-64 6-84 IN IT IA L P- OF MONTH MONTH 3 , 0 2 7 . OP MONYh P R E LIM IN A R Y P R E P A R E D BY F E D E R A L R E S E R V E AUGUST 1 7 , 1 9 8 * 8 BANK OF S T . L O U IS RETAIL SALES R A T I O SCALE B I L L I O N S OF 1 9 7 6 R A T I O S CAL E D O L L A R S 1 977 SEASONALLY 1 97 8 1 97 9 ADJUSTED 1 98 0 B I L L I O N S 1981 1982 SOURCE. PERCENTAGES ARE AHNOAL RATES OF CHANGE FOR PER IO O S LATE8T DATA PLOTTEDt JU N E , U .S . 1 98 3 OF D O L L A R S 1984 DEPARTMENT OF COMMERCE IN D ICATED . JU L Y ADVANCE ESTIM ATE PREPARED BY FEDERAL RESER V E BANK OF ST . R E T A IL S A L E S ____________________________________ COHPOUNO EO AN N UAL R A T E S T E R M IN A L HONTH 12-6 2 IN IT IA L 1-83 2-83 3-83 4-83 5-83 6-83 7-83 8—83 LO U IS OF CHANGE_____________________________________ M I L L IO N S OF D O LLA RS HONTH 9-83 10-83 11-83 12-83 1-84 2-84 3-84 4 —8 4 5-64 6-84 9 2 ,5 2 6 1-83 9 .0 2-83 2 .3 - 4 .0 3-83 8 .7 8 .6 2 2 .8 4-83 1 1 .0 1 1 .7 2 0 .5 1 8 .3 9 2 ,2 1 1 9 3 ,8 0 4 9 5 ,1 2 5 9 7 ,2 3 9 5-83 1 4 .6 1 6 .1 2 3 .7 2 4 .1 3 0 .2 6-83 1 5 .3 1 6 .6 2 2 .4 2 2 .3 2 4 .3 1 8 .7 7-83 1 3 .4 1 4 .1 1 8 .1 1 7 .0 1 6 .5 1 0 .2 2 .4 9 8 ,8 3 2 9 6 ,2 7 7 8-83 1 0 .7 1 0 .9 1 3 .6 1 1 .8 1 0 .3 4 .3 - 2 .2 - 6 .5 9-83 1 1 .3 1 1 .6 1 4 .0 1 2 .6 1 1 .5 7 .3 3 .7 4 .4 1 6 .5 10—8 3 1 2 .0 1 2 .3 1 4 .5 1 3 .4 1 2 .6 9 .3 7 .1 8 .7 1 7 .3 9 9 ,5 3 7 1 0 0 ,9 2 3 1 8 .1 1 0 1 ,8 9 6 11—8 3 1 2 .0 1 2 .3 1 4 .2 1 3 .2 1 2 .5 9 .8 8 .1 9 .6 1 5 .6 1 5 .1 1 2 .2 12-83 1 1 .5 1 1 .7 1 3 .5 1 2 .5 1 1 .8 9 .3 7 .9 9 .0 1 3 .2 1 2 .2 9 .4 6 .6 1-84 1 4 .7 1 5 .2 1 7 .1 1 6 .6 1 6 .4 1 4 .8 1 4 .2 1 6 .3 2 1 .5 2 2 .8 2 4 .5 3 1 .1 6 1 .3 2-84 1 2 .6 1 2 .9 1 4 .4 1 3 .7 1 3 .2 1 1 .5 1 0 .6 1 1 .8 1 5 .2 1 4 .9 1 4 .2 1 4 .8 1 9 .2 - 1 1 .9 3-84 1 0 .3 1 0 .4 1 1 .6 1 0 .7 1 0 .1 8 .2 7 .1 7 .7 1 0 .0 8 .9 7 .2 5 .9 5 .7 - 1 4 .4 - 1 6 .8 4-84 1 2 .5 1 2 .8 1 4 .1 1 3 .4 1 3 .0 1 1 .6 1 0 .9 1 1 .9 1 4 .4 1 4 .1 1 3 .5 1 3 .7 1 5 .6 3 .4 1 2 .1 5 1 .0 5-84 1 2 .3 1 2 .5 1 3 .7 1 3 .1 1 2 .7 1 1 .3 1 0 .7 1 1 .5 1 3 .7 1 3 .4 1 2 .7 1 2 .8 1 4 .1 4 .7 1 0 .9 2 8 .0 8 .5 6-84 1 1 .9 1 2 .1 1 3 .2 1 2 .6 1 2 .2 1 0 .9 1 0 .3 1 1 .0 1 3 .0 1 2 .6 1 1 .9 1 1 .9 1 2 .8 5 .0 9 .7 2 0 .3 7 .3 6 .2 7-84 1 0 .6 1 0 .7 1 1 .7 1 1 .0 1 0 .5 9 .2 8 .6 9 .1 1 0 .6 1 0 .1 9 .2 8 .8 9 .2 2 .3 5 .4 1 1 .8 1 .1 - 2 .4 - 1 0 .2 12-8 2 1-83 2-83 3-83 4-83 5-83 6-83 7-83 8-83 9-83 10-83 11-83 12-83 1-84 2-84 3-84 4-84 5-84 6-84 IN IT IA L PE- 1 0 2 ,4 3 6 1 0 6 ,6 0 2 1 0 5 ,4 6 2 1 0 3 ,8 7 3 1 0 7 ,5 0 5 1 0 8 ,2 3 7 1 0 8 .7 8 2 P 1 0 7 ,8 0 7 fc MONTH P R E L IM M A R Y E S T IM A T E D PR E P A R E O BY F E D E R A L R E S E R V E BANK OF S T . AUG UST 1 4 , 1 9 8 4 9 L O U IS HO URLY COMPEMSAT ION* B U S IN E S S SECTO R* COMPOUNDED ANNUAL R A l JES_QE^CMANG£_______ TER MIN AI__________________________________________________________________________ ______I N I T I A L QUARTER______________________________________________________________________________ 1 3 / 7 =100 QUARTER ____________ 3 -7 9 4 -7 9 1-ao 2 -8 Q 3 -8 0 4 -8 0 1 -8 1 ? -8 1 3 -fl 4 -8 1 ____ 1= 3 2 — Zr3 2 ----- l= f i 2 ___ h ~ 3 2 ___ 1 - S I ___ 2ri33___ i~fiL3___ i t - a 3 — L~^it------------------------- 1 ^ .-7 9 9 .0 ____________________________________________________________________________________ ____ ________________________________________________________________________________ — --------------- i —ftn 1 0 .6 1 2 .3 ____________________________________________________________________ _ _ _ _ _ ______ -_____ — ____________ ____ 1 1 .0 1 7 .1 1 2 9 .8 1 3 2 .7 3 —80 1 0 .6 1 1 .1 1 0 .6 9 .2 4-80 1 0 .3 1 0 .7 1 0 .2 9 .3 9 .4 I -81 1 0 .4 1 0 .7 1 0 .3 9 .8 1 0 .0 1 0 .7 2-81 lOuJD___ 1 0 . 1 9 .7 9 .2 9 .1 9-0 7 .4 __.B.*7 4-81 9t£-_ 1-82 9 .7 2-32 ___ 9..S-. 9*2.... -1-82 1 1 5 .7 1 3 9 .2 ¡4 1 , i 9 Q 9 .3 9*3 9 *3 9 .7 9 .4 8 .9 3 ±9 8 .8 8 .1 8 ,5 7 .1 9 9_5_2 8 .9 1 0 .1 ____________________________________________ _______________ 12 6 .2 1 1 .9 9 .9 1 4 5 .1 1 4 7 .6 9 .8 9^5 9 ,2 9^2 §.8 9 ,5 _9 . 2 _ 8 .9 8 .8 8 .8 8 .4 8 .6 8 .2 8 .7 6 .8 9 .3 9 .0 . a.* 7 3^.1 8 .6 8 .2 8 .4 8 .0 8 .3 7*1 7 .5 .. 8 * 3 9^2 8 .0 7 .7 7 .7 7 .3 7 .3 6 .2 5 .9 4 .4 1 0 .7 1 5 1 .4 1 5 3 .9 1 5 6 .7 8*_9 _ 8 .9 _ 8-6 .8 .6 8 .6 8 .3 8 .0 7a 8 _ 7 .7 _ 7 .3 7 .3 6 .8 6 .8 5 ,8 5 .5 4 .5 4 ,6 8 .2 8 .1 7 .8 7 .4 7 .3 7 .1 6 .7 6 .6 6 .1 6 .0 5 .0 4 .6 3 .7 3 .3 2 ,0 7 .8 7 ,7 7 .4 7 .0 6 .8 __ 6^.6 6 .2 6 *1 5 .6 5 .4 4 .5 - 4 .1 3 .3 .. 2 , 9 2 .0 2 .0 1 6 1 ,8 4-8.3 ______ 7 ,7 _____7 , 6 ___ 7 , 3 _____6 . 9 6 .8 6 .6 <>,2 6 a 5 ,6 5 ,5 4 .7 4 .4 3 ,8 3 ,7 3 ,3 4 ,0 6 , 1 ___________ _________________ 1 6 4 ,2 1~Q4--------- L l£ ______________ 1^2_____¿JL2____ *L±1_____SLtS_____iL ti_____S llI_____ ? , 7 5 .6 4 .9 4 .7 4 .2 4 .2 4 a 4 *7 6 .1 6 , 2 ___________________ 1 6 6 .7 2 - 8 4 ______ 7 ,3 _____7 , 2 ____ £ , ? _____6 . 6 6 *4 6 .2 5 .9 5 .7 5 ,4 5 ,2 4 ,6 4 ,3 3 ,9 3 ,8 3 .6 4 ,0 4 ,7 4 ,1 3 -8 0 4 -8 0 1 -8 1 2 -8 1 3 -8 1 4 -8 1 1 -8 2 2 -8 2 3 -8 2 4 -8 2 1 -8 3 2 -8 3 3 -8 3 4 -8 3 4 - Q 2 ._ ^L-8 3 2.-32 . 3-83 3 -7 9 4 -7 9 1 -6 0 2 -8 0 IN IT IA L ♦ R E V IS E D 1 5 8 ,4 1 6 0 ,2 1 6 1 .0 1 .9 _________ 1 6 7 ,5 1 -8 4 Q U A R T ER FROM 1979 O U TPU T P E R HOUR OF A L L P E R S O N S » B U S I N E S S S E C T O R * ___________ COMPOUNDED AN N UAL R A T E S OF CHANCE_____________ T E R M IN A L Q UARTER IN IT IA L 4-79 1- 80 2-30 - 0 .8 1-80 0 .2 1 .2 2-80 - 0 .8 - 0 .8 - 2 .8 .3 - 8 0 - 0 .2 0 .0 - 0 .6 1 ,6 0 .0 0 ,2 - 0 .1 1 ,2 J l -JLQ __ i 1 - 79 4-79 4-80 l- e i 4-81 1-S2 2-82 3 - 82 4 —82 1- 83 4-83 1-84 9 8 .4 9 8 .8 0 ,8 9 9 .0 1- 81 1 .0 1 .4 1 .4 3*£ 6 .2 0 .9 1 .2 1 .2 2 ,2 2 .4 3 .3 0 ,4 3-81 1 .3 1 .6 1 .6 2 .5 2 .7 3 .4 2 ,0 3 .6 4-81 0 .6 1 0 0 .5 1 0 0 ,6 1 0 1 ,5 0 .8 0 .7 1 .3 1 .2 1 .3 - 0 ,3 - 0 .6 - 4 .6 0 .9 0 .9 1 .4 1 .4 1 .5 0 ,4 0 .4 - 1 .2 2 .4 1 0 0 .3 1 0 0 ,9 _2^82 0 .5 0 .6 0 .5 1 .0 0 .9 0 .9 - 0 ,2 - 0 .3 - 1 ,6 0 .0 - 2 .4 3-82 0 .6 0 .8 0 .7 1 .1 1 ,1 1 .1 0 .3 0 .2 - 0 .6 0 ,8 0 .0 2 .4 1 0 0 ,3 1 0 0 ,9 J l- 8 2 0 .8 0 .9 0 .9 1 .3 1 ,2 1 .3 0 .6 0 .7 0 .1 1 .3 0 .9 2 .6 2 .8 1-83 . 0 .9 . _1*.Q 1 .0 1 .4 1 .4 1 ,4 0 ,8 0 .9 0 .5 1 .5 1 .3 2 .5 2 .6 2 .4 2-83 1 .2 1 .4 1 .4 1 .7 1 ,7 1 ,8 1 .4 1 .5 1 .2 2 .2 2 .1 3 .3 3 .6 4 .0 5 .6 1*3 3-83 9 9 .1 2-81 l,5 _ . 1 0 1 ,6 1 0 2 ,2 1 0 3 ,6 1 .5 1 .8 1 ,8 1 ,9 1 .5 1 .6 1 .4 2 .3 2 .2 3 .2 3 .4 3 .6 4 .2 2 .7 1 .5 1 .8 1 .8 1 .9 1 .5 1 .6 1 .4 2 .2 2 .1 2 .9 3 .0 3 .1 3 .3 2 ,1 1 ,5 1 .6 1 .9 1 .9 2 ,0 1 .7 1 .8 1 .6 2 .4 2 .4 3 .0 3 .1 3 .2 3 .4 2 .7 2 ,7 3 .9 2 .0 1 .9 2 .5 2 .6 3 .2 3 .3 3 .4 3 .6 3 ,1 3 ,2 4. 1 4 .2 2-81 3-81 4-81 1-82 2-82 3-82 4-82 1 - 83 2-83 3-83 4-83 1-84 1 .3 __L«5 -L-84 1 .5 1 .6 2-84 1*6 1 .7 1 .8 2 .1 2 .1 2 ,2 1 .9 3-79 4-79 1-80 2-80 > -80 4-80 1-81 4-83 2-83 9 8 .8 2 .9 _ lr 8 2 1 - 81 2-81 197 7 *1 0 0 Q UARTER IN IT IA L 1 0 4 ,3 1 0 4 .7 1 0 5 .7 1 0 6 .8 QUARTER * R _ E Y IS £ D _JERQH 1 9 7 9 P R E P A R E D BY F E D E R A L R E S E R V E AUGUST 2 7* 1 9 8 4 10 BANK OF S T . L O U IS PRODUCTIVITY, COMPENSATION, R A T IO SC AL E 1977-100 1976 AND LABOR C O S T S * R A T IO S C A L E 1977-100 SEASONALLY ADJUSTED 1977 1978 1979 1980 1981 1982 SOURCE: U. S. 1983 1984 DEPARTMENT Of LABOR PERCENTAGES ARE AWN*AL RATES OF CHAWE FOR PERIODS IWMCATEO. LATEST DATA PlOTTEOt * 2ND OMAHTER REVISE!» FROM 1979. PREPARED BY FEDERAL RESERVE BAMC OF ST. U N IT L A B O R C O S T S , B U S IN E S S COMPOUNDED AN N UAL R A T E S O f IN IT IA L T E R M IN A L Q U A RTER 3-79 4-79 1-80 2-80 3-80 4-80 1 - 81 2-81 3—8 1 LOOIS SEC TO R* CHANGE_____________________________ Q UARTER 4-81 1-82 1977=100 2-82 3-82 4-82 1-83 2-83 3-83 4-83 1- Ö 4 1 0 .3 1 1 .1 1 1 .8 1 3 .0 1 2 7 .3 1 4 .9 1 3 1 .8 1 3 4 .4 3-60 1 0 .9 1 1 .3 1 1 .5 8 .1 * 1 CO o 9 .6 1-80 0 CD 1 <N 1 2 4 .0 4-79 1 0 .4 1 0 .6 1 0 .4 8 .2 8 .3 1-01 9 .3 9 .3 8 .8 6 .8 6 .2 4 .1 2-81 9 .0 8 .9 8 .5 6 .9 6 .5 5 .6 7 .1 1 3 7 .1 1 3 8 .5 1 4 0 .9 1 4 2 .9 3-81 8 .6 8 .4 8 .0 6 .7 6 .3 5 .7 6 .5 5 .8 4-81 9 .0 8 .9 8 .6 7 .6 7 .5 7 .3 8 .4 9 .0 1 2 .3 1-82 8 .9 8 .8 8 .6 7 .7 7 .6 7 .5 8 .3 8 .7 1 0 .2 2-82 8 .9 8 .9 8 .6 7 .9 7 .8 7 .8 8 .5 8 .9 9 .9 8 .7 9 .4 3-82 8 .6 8 .5 8 .3 7 .6 7 .5 7 .4 7 .9 8 .1 8 .7 7 .5 7 .2 5 .0 4-82 8 .1 7 .9 7 .6 6 .9 6 .8 6 .6 7 .0 7 .0 7 .2 6 .0 5 .3 3 .3 1 4 7 .1 1 5 0 .0 8 .1 1 5 3 .4 1 5 5 .3 1 .6 1 5 5 .9 1-83 7 .6 7 .5 7 .2 6 .5 6 .4 6 .1 6 .4 6 .3 6 .4 5 .2 4 .5 3 .0 1 .9 2 .3 2-83 6 .9 6 .7 6 .3 5 .6 5 .4 5 .1 5 .3 5 .0 4 .9 3 .7 2 .9 1 .3 0 .1 - 0 .6 - 3 .5 3-83 6 .4 6 .1 5 .8 5 .1 4 .9 4 .6 4 .6 4 .4 4 .2 3 .1 2 .3 0 .9 —0 . 1 - 0 .7 - 2 .2 4 .6 4 .6 1 .5 0 .8 0 .6 0 .0 1 5 6 .8 1 5 5 .4 1 5 5 .1 - 0 .8 4-83 6 .2 6 .0 5 .7 5 .1 4 .9 4 .4 4 .2 3 .2 2 .6 1 .8 4 .5 1-84 6 .0 5 .8 5 .5 4 .9 4 .7 4 .4 4 .4 4 .2 4 .0 3 .1 2 .5 1 .6 1 .0 0 .9 0 .6 2 .0 3 .4 2 .3 2-84 5 .6 5 .4 o t 4 .5 4 .2 3 .9 3 .9 3 .7 3 .5 2 .6 2 .0 1 .1 0 .6 0 .4 0 .1 1 .0 1 .6 0 .1 - 2 .0 I- 8 Ö 2-80 3-80 4-80 1-81 2-81 3-B1 4—81 1-82 2-82 3-82 4-82 1-83 2-83 3-83 4-83 1-84 T-79 4-7 ? r IN IT IA L » R E V IS E D FRON 1 5 6 .8 1 5 7 .7 1 5 6 .9 Q UARTER 1979 11 P R E P A R E D BY F E D E R A L R E S E R V E AUGUST 2 7 , 1 9 8 4 BANK O F S T . L O U IS GROSS N A T IO N A L PRODUCT IN CU RR EN T O O LLA RS ____ COMPOUNDED ANNUAL R A T E S QF CHANGE _________________________________________________________ N *I T1I A L - . iI n — T E R M IN A L ________________ r>iUiiA < >run Q RTER ? 1-80 2 râ0 4-00 , 1-.6X- 2-81 A -81 1-82 -2—82 _ 9*2. 1 1 .7 1 2-80 . <u*3- 6*2 JU ? 1*3 5*2 9 ,7 1 CD o 2 .5 0 2 - 9 1-8C u> 1 CD o 1 W B I L L I O N S OF om aR rS s O LiL A ----------------------------------------------------------------------------- ---- -——---- —------------ —---- O ANNUAL R A T E S 4 —ft 7 3-82 1-83 7-8 3 3 -8 3 4-a 3 1- R 4 0 .1 1 c 1 Z z2 2 Q JftK UART ER F trs. 9 *1 . _ 9 * 3 8*5 _ J2 * 6 7 f S 7 ? - <5 ? - *\7 A _ ft 2 .6 3 9 .1 1 5 * 5 .. ? t 7 3 6 .0 1-81 U rl U r J? _ l£ b 7 . ¿2 .ri 2-01 1 0 .4 1 0 .8 10. 6 1 3 .2 1 4 .3 1 3 .7 6 .0 3-81 1 0 .7 11. i li.O 1 3 .1 1 4 .0 1 3 .5 9 ,5 13*1 4-81 9 .8 1 0 .0 9 .8 1 1 .3 1 1 .6 1 0 .7 7 ,1 7 ,7 2 .8 7 5 .8 2 t- riO t« 3 ,0 0 9 * 3 3 .0 2 7 .9 2 *5 1-62 8 .7 8 .8 8 .4 9 .6 9 .5 8 .4 5 .2 5 .0 1 ,1 - 0 ,3 2-82 8 .4 8 .4 8 .0 9 .0 8 .8 7 .8 5 .1 4 .9 2 .3 2 .2 4 .7 3-82 7 .9 7 .8 7 .5 8 .2 8 .0 7 .0 4 .7 4 .4 2*4 2 *3 3 *6 3 .0 2 6 .0 3 .0 6 1 .2 3 .0 8 G .1 2 .5 3 .1 0 9 .6 4-82 7 .5 7 .5 7 .1 7 .8 7 .6 6 .6 4 .6 4 .3 2 ,7 2 .7 3 ,7 3 .2 3*9 1-83 7 .6 7 .6 7 .2 7 .8 7 .7 6 .8 5 .1 4 .9 3 .6 3 .8 4 .9 4 .9 6 *2 8 *5 2-83 7 .9 7 .9 7 .6 8 .2 8 .1 7 .4 5 .8 5 .8 4 .8 5 .2 6 .3 6 ,7 8 .2 1 0 .4 1 2 .3 3 ,2 6 7 .0 3 —03 8 .1 8 .1 7 .8 8 .3 8 .2 7 .6 6 .3 6 .3 5 .5 5 .9 6 .9 7 .4 8 .7 1 0 .3 MtZ 3 .3 4 6 .6 4-83 8 .2 8 .2 8 .0 8 .5 8 .4 7 .8 6 .6 6 .7 6 ,0 6 ,5 7 ,5 7 ,9 9 *0 1 0 *4 U ,Q 1 0 *1 . U Q .6 1-84 8 .6 8 .6 8 .4 8 .9 8 .9 8 .4 7 .3 7 .4 6 ,9 7 .4 8 ,4 8 ,9 1 0 .0 11*3 1 2 *0 1 1 *9 12*7 1 4 *9 2-84 8 .7 8 .7 8 .6 9 .1 9 .0 8 .6 7 .6 7 .7 7 .3 7 .7 8 .7 9 .2 1 0 .2 1 1 ,2 1 1 .8 1 1 *7 1 2 *2 13*0 1 1 *1 3-79 4-79 1-80 2-80 3-80 4-80 1 -8 1 2-81 3 -8 1 4 - 81 1-82 2-82 3 - 62 4-82 1 - 83 2-63 3-83 4 —8 3 1-64 IN IT IA L IN IT IA L 3-79 4-79 1 - 80 2-80 3-80 4-80 1-81 2-81 3-81 ¿ ,1 7 3 .0 3 .4 3 1 .7 3 ,6 4 6 .1 Q U A RTER G R O SS N A T IO N A L PRO D UC T IN COMPOUNDED AN N UAL R A T E S T E R M IN A L Q U A R T ER . 19 7 2 D O L L A R S OF CHANGE b l L L IO N S O f O O LLA RS AN N UAL R A T E S QUARTER 4-81 1-82 2-82 3 - 62 4-82 1 - 63 2-63 1 ,4 8 9 .3 4-79 0 .7 1-80 1 .3 1 .9 2-80 - 2 .3 - 3 .7 - 9 .0 3-80 - 1 .5 - 2 .2 - 4 .3 0 .8 4 —80 - 0 .5 - 0 .8 - 1 .6 2 .3 1- 8 1 1 .2 1 .3 1 .1 4 .8 6 .8 1 0 .0 2-81 1 .0 1 .0 0 .8 3 .4 4 .3 4 .6 1 ,4 9 6 ,4 1 ,4 6 1 *4 1 ,4 6 4 .2 1 ,4 7 7 .9 3 .8 1 ,5 1 3 * 5 1 ,5 1 1 .7 - 0 .5 1 ,5 2 2 .1 3-81 1 .2 1 .3 l. l 3 .3 4 .0 4 .0 l. l 2 .8 4-61 0 .4 0 .4 0 .2 1 .8 2 .0 1 .6 - 1 .1 - 1 .4 - 5 .4 1-82 -0. 1 - 0 .2 - 0 .4 0 .9 0 .9 0 .3 - 2 .0 - 2 .5 - 5 .0 - 4 .7 2-62 - 0 .1 - 0 .2 - 0 .5 0 .7 0 .6 0 .1 - 1 .7 - 2 .1 - 3 .6 - 2 .8 - 0 .8 3-82 - 0 .2 - 0 .3 - 0 ,5 0 .5 0 .4 - 0 .0 - 1 .6 - 1 .8 - 3 .0 - 2 .1 - 0 .9 - 0 .9 4-82 - 0 .2 - 0 .2 —0 , 4 0 .5 0 .4 0 .0 - 1 .3 - 1 .5 - 2 .3 - 1 .5 - 0 .4 - 0 .2 0 .5 1-83 0 .1 0 .0 - 0 ,1 0 .7 0 .7 0 .4 - 0 .7 —0 . 8 - 1 .4 - 0 .5 0 .5 0 .9 1 .9 1 ,5 0 1 .3 1 ,4 8 3 .5 1 ,4 8 0 .5 1 ,4 7 7 .1 1 ,4 7 8 .8 3 .3 1 ,4 9 1 .0 1 ,5 2 4 .8 2-83 0 *7 0 .7 0 .6 1 .4 1 .5 1 .3 0 .3 0 .4 0 .1 1 .0 2 .2 3 .0 4 .3 6 .3 9 .4 3-83 1 .1 l. l 1 .0 1 .8 1 .9 1 .8 1 .0 l . l 0 .9 1 .8 3 .0 3 .7 4 .9 6 .5 8 .1 6 .8 4-8 3 1 .3 1 .4 1 .3 2 .1 2 .2 2 .1 1 .4 1 .6 1 .5 2 .4 3 .4 4 .1 5 .1 6 .3 7 .4 6 .4 5 .9 1-84 1 .8 1 .9 1 .9 2 .6 2 .8 2 .7 2 .1 2 .3 2 .3 3 .2 4 .2 4 .9 6 .0 7 .1 8 .0 7 .6 8 .0 10. 1 2-64 2 .1 2 .2 2 .2 2 .9 3 .1 3 .0 2 .5 2 .8 2 .8 3 .6 4 .6 5 .3 6 .2 7 .2 8 .0 7 .6 7 .9 8 .8 7 .6 3-79 4-79 1-80 2-80 3-80 4-80 1 -81 2-81 3-81 4-81 1-82 ¿H 52 3-62 4-62 1 - 83 2-83 3-83 4-83 1-84 IN IT IA L 1 ,5 5 0 .2 1 ,5 7 2 .7 1 ,6 1 0 .9 1 ,6 4 0 .8 lQ UARTER P R E P A R E D BY F E D E R A L R E S E R V E AUGUST 2 0 * 1 9 8 * 12 BANK OF S T . L O U IS . GROSS N A T I O N A L PRODUCT RAT I O S CA L E 1976 RA T I O QUARTERLY T OT ALS AT ANNUAL RATES 1977 1978 1979 1980 1981 1982 SOURCEt U . S . 1983 SCA L E 1984 DEPARTMENT OF COMMERCE PERCENTAGES ARE ANNUAL RATES OF CHANCE FOR PERIODS INDICATED. L A T E S T DATA P L O T T E D . 2ND Q U A R TE R P RE P AR ED BY F E D E R A L R E S E R V E BANK OF S T . 13 LOUIS GENERAL P R I C E INDEX* R A T I O SCALE R A T I O S CAL E I 9 7 2 - I O O 1 9 7 2 - 1 0 0 1 9 7 6 «A S USED 1977 197 8 IN MAT IOHAL 197 9 198 0 1981 INCOME ACCOUNTS PERCENTAGES ARE ANNUAL RATES OF CHANCE FOR PER IO D S LATEST DATA PLOTTED: 1 982 SOURCE: U .S . 1 983 1 98 4 DEPARTMENT OF COMMERCE INDICATED. 2ND QUARTER PREPARED BY FEDERAL RESER VE BANK OF S T . IM P L IC IT P R IC E D EFLA TO R FOR G R O S S N A T IO N A L LO U IS PRO D UC T _________ CP*PWNPEP.ANNUAL RATES QF CHAN&E__________ T E R M IN A L Q U A RTER Q UARTER < IN IT IA L 3-79 4-79 4 —79 7 *3 1-80 8 ,4 9 .6 2-80 9 .3 1 0 ,3 1 -80 2-80 3-80 4-80 l- e i 2-81 3-81 4—81 1 -82 1 97 2 2-82 3-82 4-82 1-83 2-83 3-83 4—8 3 - 100 1-64 1 6 8 .0 5 1 7 1 .9 4 1 7 6 .4 6 1 0 .9 3-80 9 .2 9 .8 9 .9 8 .8 4-80 9 .6 1 0 .2 1 0 .4 1 0 .1 1 1 .3 1-81 9 .8 1 0 .3 1 0 .5 1 0 ,4 1 1 .1 1 8 0 .2 4 1 8 5 .1 3 1 9 0 .0 1 11*0 2-81 9 .3 9 .7 9 .7 9 .4 9 .6 8 .7 6 .5 3-81 9 .4 9 .7 9 .8 9 .5 9 .7 9 .2 8 .3 1 0 .0 4-81 9 *3 9 ,6 9 .5 9 .3 9 .4 8 ,9 8 .3 9 .2 8 .3 1 9 3 .0 3 1 9 7 .7 0 2 0 1 .6 9 8 *8 9 .0 8 .9 8 .6 8 .6 8 .1 7 .4 7 .6 6 ,5 4 *6 8 *5 8 .6 8 .5 8 .2 8 .2 7 .6 7 .0 7 .1 6 ,2 5 .1 5 .6 3-82 9*1 8 ,2 8 ,0 7 .7 7 .6 7 ,0 6 ,4 6 .4 5 .5 4*5 4 *5 3 .4 4-8 2 7 *7 7 .8 7 .6 7 .3 7 .1 6 ,6 6 .0 5 .9 5 .1 4 .3 4 .1 3 .4 3 .4 1-83 7 *5 7 .5 7 .4 7 .1 6 .9 6 .4 5 .8 5 .7 5 ,1 4 .4 4 .4 4 .0 4 .2 5 .0 2-83 7 *2 7 ,2 7 .0 6 .7 6 .5 6 .0 5 .5 5 .4 4 ,7 4 ,1 4 *0 3*6 3 .7 3 .8 2*6 3-83 6 .9 6 .9 6 .7 6 .4 6 .2 5 .7 5 .2 5 ,1 4 ,5 4 .0 3 *9 3 .5 3 .5 3 .6 2*9 4-83 6 .8 6 .7 6 .6 6 .3 6 .1 5 .6 5 .2 5 ,0 4 ,5 4 .0 3 *9 3 .7 3 .7 3 .8 3 *4 3 *7 4 .4 1-84 6 .6 6 .6 6 .4 6 .1 5 .9 5 .5 5 .1 5 ,0 4 .5 4 *1 4 .0 3 .8 3 *8 3 .9 3 *6 4 *0 4 .4 4*4 . 2-84 6 .5 6 .4 6 .2 5 .9 5 .8 5 .4 5 .0 4 ,8 4 .4 4 .0 3 .9 3 .7 3 .7 3 .8 3*5 3 .8 4*0 3 .8 3 .2 3-79 4-79 1-80 2-BO 3-80 1-81 2-81 3-81 4-81 1-82 2-82 3 -62 4-82 1-83 2-83 3-83 *-8 3 1—&4 * 1 CD o 1-82 2-82 IN IT IA L 2 0 3 .9 8 2 0 6 .7 7 2 0 8 .5 3 2 1 0 *2 7 2 1 2 *5 7 2 1 4 .2 5 2 1 5 .0 9 3*1 2 1 8 .2 1 2 2 0 . 50_. 2 2 2 .3 3 iQ UARTER P R E P A R E D 6Y F E D E R A L R E S E R V E AUGUST 2 0 . 1 9 0 4 14 BANK OF S T . L O U IS PER SO N AL CO NSUM PTIO N E X P E N D IT U R E S IN CURRENT D O L L A R S ____________ COMPOUNDED ANN Q AI R A T E S OF CHANGE_____________ TERM IN A L Q UARTER 3-79 4-79 1 3 ,7 4-79 1 CD O IN IT IA L 2-80 3-80 4-80 1-81 2-91 3-91 B I L L I O N S OF D O LLA RS AN N UAL R A T E S q u a rter 4-91 1-92 2-82 3 - 92 4-92 1- 9 3 2-93 3-93 4-93 1-64 1 .5 7 9 .0 1 .6 2 0 .5 1-90 1 2 *4 1 1 .2 2-80 8 .6 6 .2 1 .5 3-90 1 0 ,1 9 ,0 7 .9 1 4 ,8 4-80 1 1 ,0 1 0 ,4 1 0 ,1 1 4 ,7 1 .6 2 6 .4 1 .6 8 3 .4 1 .7 4 1 .9 1 4 ,6 1 .7 9 7 .9 1-81 1 1 .4 1 1 .0 1 0 .9 1 4 ,3 1 4 .1 1 3 .5 2-81 1 0 .8 1 0 .4 1 0 .2 1 2 .5 1 1 .7 1 0 .3 7 .2 1 0 .4 1 0 .3 1 2 .2 1 1 .5 1 0 .5 9 .0 1 0 .9 9 .8 8 .6 7 ,0 6 .9 3 .1 3-81 1 0 .8 4-81 9 .9 9 .5 9 .2 1 0 .6 1-82 9 .8 9 .4 9 .2 1 0 .3 9 .6 8 .6 7 .4 7 .5 5 .9 9 .6 2-82 9 .5 9 .1 8 .8 9 .8 9 .1 8 ,2 7 .2 7 .2 6 .0 7 .4 3-82 9 .4 9 ,0 8 .8 9 ,7 9 ,0 8 ,3 7 ,4 7 ,5 6 ,6 7 ,9 7 ,4 9 ,5 4-82 9 .4 9 .0 8 .8 9 ,6 9 ,1 8 .4 7 ,7 7 .8 7 ,1 8 ,2 9 .0 9 ,9 9 .3 1-83 9 .1 8 .7 8 .5 9 .2 8 .6 8 .0 7 ,3 7 .3 6 ,7 7 .5 7 .2 7 .5 7 .0 4 .9 2-83 9 .4 9 ,1 9 ,0 9 ,6 9 ,1 8 ,6 8 ,1 9 ,2 7 ,9 9 .6 9 ,6 9 ,2 9 ,5 9 ,6 1 4 ,5 3-9 3 9 .3 9 .0 8 .9 9 .5 9 ,0 8 .5 8 .0 8 ,1 7 .9 9 .5 9 .5 9 .9 9 .0 8 .9 11.0 7 .6 4-93 9 .3 9 .0 8 .9 9 .4 9 ,0 8 .6 8 .2 8 ,2 9 ,0 0 .6 8 ,6 9 .0 9 .0 9 .0 1 0 .4 8 .4 9 .3 1-94 9 .3 9 .0 8 .9 9 .4 9 ,0 8<w6 8 ,2 8 ,3 9 ,0 0 .6 0 .6 9 .9 9 .0 9 .9 1 0 .0 8 .5 9 .9 9 .6 2-84 9 .3 9 .0 8 .9 9 .4 9 .0 8 .7 0 .3 9 .4 9 ,2 9 .7 0 ,7 9 .0 9 .1 9 .0 9 .9 9 .8 9 .2 9 .1 9 .6 3-79 4-79 1-80 1 CO o l» 9 2 9 t3 3-80 4-80 1-81 2-91 3 - 91 4 -81 1-92 2-92 3-92 4-92 1-63 2-83 3-93 4-83 1-84 1 .9 7 7 ,3 1 .8 9 1 ,9 IN IT IA L 1 * 9 3 1 .3 6 .3 1 ,9 6 0 ,9 2 .0 0 1 .3 2 .0 4 6 ,1 2 .0 7 0 ,4 2 .1 4 1 .6 2 ,1 9 1 .4 2 .2 3 0 .2 2 .2 7 6 ,5 2 ,3 2 9 .5 Q U A RTER P E R S O N A L C O N S U M PT IO N E X P E N D IT U R E S IN 19 7 2 D O L L A R S _____________ CQ.HPQUNP. f P ANNUAL K A T E S QF CHA N G E_____________ TERMINAL QUARTER IN IT IA L 3- 7 9 4-79 1-80 2-90 4-79 3 ,3 1-00 1 ,6 -0 .1 2-90 - 1 .6 - 4 .0 - 7 .7 4 .3 3-80 4-80 1-81 2-91 3-91 B IL L IO N S OF DOLLARS ANNUAL RATES 'ÜUARTER 4-81 1-82 2-82 3-62 4-82 1-83 2-83 3-83 4-8 3 1 -8 4 9 3 8 .6 9 3 8 .3 9 1 9 -6 3-90 -0 ,2 - 1 ,3 - 1 .9 4 —80 0 ,9 0 .1 0 .2 4 .5 4 .6 9 2 9 .4 9 4 0 .0 1-91 1 ,4 1 ,0 1 ,3 4 ,5 4 .5 4 .4 2-91 1 ,1 0 ,7 0 .9 3 .2 2 ,8 1 .9 -0 ,5 3-91 1 ,3 1 ,0 1 .2 3 .1 2 ,8 2 .2 1 ,2 2 .9 4 -9 1 0 ,9 0 ,4 0 .5 2 .0 1 .5 0 .7 - 0 ,5 - 0 .5 - 3 .7 1-92 1 ,0 0 ,7 0 .9 2 .1 1 .7 1 .2 0 ,4 0 .6 - 0 .4 2 .9 2-92 1 ,1 0 ,9 1 .0 2 .1 1 .8 1 .3 0 .7 1 .0 0 .4 2 ,6 3 -9 2 1*2 l.o 1 -1 2 .1 1 ,9 1 .5 1*0 1 .3 0 *9 2 *5 4-92 1 ,5 1 ,3 1 .5 2 .4 2 ,2 1 .9 1 .6 1 .9 1 .7 3 ,1 3 ,2 3 .7 5 .1 1-83 1 ,6 1 .4 1 .5 2 .4 2 .2 2 .0 1 .7 2 .0 1 .9 3 ,0 3 .0 3 .3 3 .8 2 .6 9 5 0 .7 9 4 9 .1 9 5 5 .7 9 4 6 *9 9 5 3 .7 2 .2 9 5 8 .9 9 6 4 .2 2 *2 9 7 6 .3 9 6 2 *5 2-93 2 ,1 2 .0 2 .2 3 .0 2 .9 2 ,8 2 ,6 3 .0 3 .0 4 ,1 4 .4 4 .9 >*9 6 *2 10*0 3-93 2 ,2 2 .1 2 .3 3 .1 3 .0 2 ,9 2 .7 3 .1 3 .1 4 ,1 4 .3 4 .7 5 .3 5 .4 6 .9 3 .8 4-93 2 .5 2 .4 2 .6 3 .4 3 .3 3 ,2 3 .1 3 .4 3 .5 4 ,4 4 ,6 5 .0 5 .6 5 .7 6 .8 5 .3 6 .8 1-94 2 ,6 2 .5 2 .7 3 .4 3 .4 3 ,3 3 .2 3 .5 3 .6 4 ,4 4 ,6 5 .0 5 .5 5 .5 6 .3 5 .1 5 .7 4 ,6 2-94 2 ,9 2 .9 3 .0 3 .7 3 .6 3 ,6 3 .5 3 .9 3 .9 4 ,7 4 .9 5 .3 5 .7 5 .9 6 .5 5 .7 6 .3 6 .0 3-79 4-79 1-80 2-80 3-80 4-BO 1 - 91 2-91 3-81 4-81 1-82 2 - 82 3-92 4-92 1-63 2-83 3-63 4-8 3 IN IT IA L 1 .0 0 6 .2 1 ,0 1 5 .6 1 .0 3 2 .4 1 ,0 4 4 .1 7 .5 1 ,0 6 3 .1 1-64 Q UARTER P R E P A R E D BY F E D E R A L R E S E R V E AUGUST 2 0 . 1 9 a * 15 BANK OF S T . L O U IS GROSS P R IV A T E D OM ESTIC INVESTM ENT IN CURR EN T D O LLA R S ____________ C5*l£QyNSfcP ANNUAL R A T E S OF CHANGE_____________ — t e r m in a l ______________________________________________________________________________ q u a r t e r _____________________________________________________________________________ d o l l a r s in it ia l ANNUAL Qu a r t e r ---- 4 - 7 9 - 1 3 .3 ---- 1 - 8 0 - 4 .5 ---- ? —80 4-79 1-80 2-80 0 CD 1 m 3 -7 9 3-81 1-82 4 - 81 2-82 3 - 82 4-8 2 1-83 2-83 3-83 394-3 - 1 0 .5 - 2 3 .8 - 1 1 .8 - 1 9 .1 - 1 4 .2 4-80 - 3 .8 - 1 .2 - 3 .2 9 .0 3 8 .5 5 .5 9 .7 1 0 .9 2 5 .7 5 2 .1 3 7 9 .5 4 1 1 .7 4 6 8 .1 6 7 .1 2-8 1 6 .4 1 0 .0 1 1 .1 2 2 .0 3 7 .2 3 6 .6 11 . 6 3-8 1 8 .2 1 1 .7 1 2 .8 2 2 .0 3 3 .3 3 1 .6 1 6 .8 4-81 5 .0 7 .5 7 .9 1 4 .3 2 1 .0 1 7 .0 3 .9 0 .2 - 1 7 .7 1-82 0 .4 2 .0 1 .7 5 .9 9 .7 4 .7 - 6 .8 - 1 2 .2 - 2 5 .6 - 3 2 .8 4 *1 *1 2 2 .2 5 0 5 .8 4 8 1 .7 4 3 6 .2 2-82 -0. 1 1 .4 1 .0 4 .6 7 .6 3 .1 - 6 .4 - 1 0 .4 - 1 9 .2 - 1 9 .9 - 4 .5 3-82 - 1 .3 - 0 .1 - 0 .6 2 .4 4 .7 0 .6 - 7 .6 - U .o - 1 7 .9 - 1 7 .8 - 9 .1 - 1 3 .5 4-82 - 4 .2 - 3 .4 - 4 .1 - 1 .9 - 0 .4 - 4 .4 - 1 1 .7 - 1 5 .1 - 2 1 .1 - 2 1 .9 - 1 7 .9 - 2 3 .9 - 3 3 .1 1-83 - 1 .8 - 0 .9 - 1 .4 1 .0 2 .6 - 0 .7 - 7 .0 - 9 .4 - 1 3 .8 - 1 3 .0 - 7 .2 - 8 .0 - 5 .2 4 3 1 .2 4 1 5 .9 3 7 6 .2 3 4 .3 4 0 5 .0 .2 - 8 ? lr \ 2 .2 2 .0 4 .5 6 .4 3 .6 - 1 .8 - 3 .3 —6 . 5 -4 .5 2*5 4 .3 10*9 42*8 5U9 3-83 3 .3 4 .5 4 .5 7 .0 9 .0 6 .7 2 .0 1 .0 - 1 .4 1 .2 8 .3 1 1 .1 1 8 .3 4 3 .0 4 7 .5 4 3 .3 4-83 5 .4 6 .7 6 .8 9 .4 1 1 .5 9 .5 5 .3 4 .7 3 .0 5 .9 1 3 .0 1 6 .2 2 3 .2 4 3 .5 4 6 .8 4 4 .3 4 5 .2 1-9^ 8 .5 1 0 .0 1 0 .3 1 3 .0 1 5 .3 1 3 .6 1 0 .0 9 .9 8 .7 1 2 .2 1 9 .6 2 3 .5 3 1 .0 4 9 .9 5 4 .0 5 4 .7 60*8 7 8 .1 2- Q 4 8 .1 9 .5 9 .7 1 2 .3 1 4 .3 1 2 .7 9 .4 9 .2 8 .1 1 1 .1 1 7 .4 2 0 .5 2 6 .4 4 0 .5 4 1 .7 3 9 .3 3 8 .0 3 4 .6 1 .7 3-79 4-79 1-80 2-80 3-80 4-80 1-81 2-81 3-81 4-81 1-82 2 - 82 3-82 4-82 1-83 2-83 3-83 4-83 1-84 IN IT IA L GRO SS 1 - 80 2-30 - 1 8 .6 1-80 - 1 0 .6 - 1 .8 2-80 - 1 9 .1 - 1 9 .3 - 3 3 .7 0 CO 1 n l 1 6 .8 - 1 6 .2 - 2 2 .5 - 9 .5 - 9 .3 - 6 .8 - 8 .4 7 .7 4-80 1-81 2-81 3-81 4-81 1-82 2- 8 2 3-82 4-8 2 1- 83 2-83 3-83 4-83 1-64 2 2 5 .3 2 2 4 .3 2 0 2 .4 1 97 *4 2 8 .1 l. l 1 .9 1 7 .6 3 4 .0 4 0 .2 - 1 .1 3 .0 1 5 .0 2 4 .6 2 2 .9 7 .7 0 .3 3 .3 4 .2 1 4 .0 2 0 .8 1 8 .5 8 .9 1 0 .2 4-81 - 2 .6 - 0 .4 - 0 .2 6 .9 1 0 .5 6 .5 - 2 .8 - 7 .7 - 2 2 .6 1-82 - 5 .7 - 4 .2 - 4 .5 0 .6 2 .5 - 2 .0 - 1 0 .4 - 1 5 .8 - 2 6 .3 - 2 9 .9 2-82 - 5 .9 - 4 .6 - 4 .9 - 0 .5 0 .9 - 3 .1 - 1 0 .0 - 1 3 .9 1 <6 21 0 *0 2 .2 - 6 .1 3-8 2 - 6 .4 - 5 .2 - 5 .6 - 1 .8 - 0 .8 - 4 .3 - 1 0 .2 - 1 3 .5 - 1 8 .5 - 1 7 .1 - 9 .9 - 1 1 .6 4-82 - 8 .5 -7. 6 - 8 .1 - 5 .1 - 4 .5 - 8 .0 - 1 3 .4 - 1 6 .4 - 2 0 .9 - 2 0 .5 - 1 7 .1 - 2 1 .3 - 2 9 .9 3-8 1 6 2 6 .4 6 I L L I O N S OF D O LLA RS ANNUAL R A T E S -2 *5 1-81 2-81 5 4 0 .0 6 2 3 .8 Q UARTER 1 0 T 4-79 3-80 4 9 1 .9 Q U A RTER IN IT IA L 4-79 4 4 9 .6 P R IV A T E D O M E S T IC IN V E S T M E N T IN 1 9 7 2 D O L L A R S COMPOUNDED AN N UAL R A T E S OF CHANGE T E R M IN A L Q U A RTER 3-79 RATES 1-84 4-83 * 2 2 .0 -12*1 . 2-81 5 .1 - 1 1 .4 . 1-0 1_ 4 1 6 .e — 3-80 ---- 1 - 81 4-80 2 2 8 .5 232 *8 2 3 6 .5 2 2 3 .7 2 0 4 .7 2 0 0 .4 1 9 4 *3 1 7 7 .8 1-83 —6 . 0 - 4 .9 - 5 .2 - 2 .0 - 1 .2 - 4 .1 - 8 .5 - 1 0 .6 - 1 3 .7 - 1 1 .8 - 6 .5 - 6 .0 - 3 .1 3 4 .0 2-83 - 2 .9 - 1 .6 - 1 .6 1 .7 2 .7 0 .5 - 3 .2 - 4 .4 - 6 .4 - 3 .3 3 .1 6 .1 1 2 .8 4 3 .0 5 2 .5 3-8 3 - 0 .7 0 .6 0 .8 4 .1 5 .3 3 .5 0 .4 - 0 .4 - 1 .7 1 .8 8 .3 1 1 .9 1 8 .7 4 1 .4 4 5 .3 4-83 1 .2 2 .6 2 .9 6 .2 7 .5 5 .9 3 .2 2 .8 2 .0 5 .6 1 2 .0 1 5 .7 2 2 .1 4 0 .3 4 2 .5 3 7 .7 3 7 .0 1-84 4 .2 5 .7 6 .2 9 .6 1 1 .1 9 .9 7 .7 7 .7 7 .5 li.5 1 8 .1 2 2 .4 2 9 .2 4 6 .1 4 9 .2 4 8 .2 5 3 .3 71*? 2-84 3 .9 5 .3 5 .7 8 .8 1 0 .2 9 .0 6 .9 6 .9 6 .6 1 0 .0 1 5 .7 1 9 .1 2 4 .2 3 6 .7 3 7 .2 3 3 .6 3 2 .1 2 9 .7 - 1 .9 3-79 4-79 1-80 2-80 3-8 0 4-80 1-81 2-81 3-81 4 - 81 1-82 2-82 3 - 82 4-82 1-83 2-83 3-83 4-8 3 1-64 IN IT IA L 1 9 1 .3 2 1 2 .6 2 3 0 .6 3 8 .4 2 4 9 .5 2 85 *5 2 8 4 .1 IQ UARTER P R E P A R E D BY F E D E R A L R E S E R V E AUGUST 2 0 » 1 9 8 4 16 BANK OF S T . L O U IS GOVERNMENT P U R C H A S ES OF GOODS AND S E R V IC E S IN CURRENT D O L L A R S ___________________ C Q MR Q V N P E P A N N U A L RA T ES OF CHANGE____________________ I N I T IA L < QUARTER TERMINAL QUARTER 3-79 *- 79 4- 79 2-80 1-80 4-80 3-80 1-81 2-81 3-01 4-81 2-82 1-82 3-02 4- 82 2-83 1-83 3-83 4—83 BILLIONS Of DOLLARS ANNUAL RATES 1—84 *97.6 16.9 1-80 17.0 17.1 2-80 16.? 15.8 14.6 3-80 12.7 11.3 8.5 2.7 4-80 13.2 12.3 10.8 9,0 15,6 13.2 12.5 11.4 10.4 14.4 1-81 517.6 535.5 539.1 559.0 _ 13.2 576.6 6.2 10.5 9 .7 11,5 10,2 8,8 I W * 11.4 12,4 U . 9 11.1 10.6 12,2 11,4 10. B 13,2 *5r p 11.7 11.1 10.4 9.8 11,1 10.2 9 . 4 10,5 10,1 5.4 10.8 10.2 9.4 8.8 9. 7 8. 7 7.8 8.3 7,2 3.6 1,8 11,1 10,6 10,0 9,5 10,3 9,6 9. 0 9.6 9,1 7.3 8,2 15.0 9.4 10.7 15.5 10.5 10.1 10.9 10.4 10.0 10,6 10,5 11.5 u . o 10.5 10.0 9.5 9. 7 9.0 8. 5 8,8 8,4 7.1 7.6 9.6 9.0 9,9 8.9 9 .4 8.* 8 ,9 8.3 7,8 8,0 7,5 6,3 6 .5 7,7 9.1 9.6 8.6 8.1 8.6 7.9 7 .4 7,6 7,1 6.0 6.1 7.0 8.6 8.0 7.6 8.0 7.3 6.8 6,9 6 ,4 5,4 5 .* 6.0 9.0 8.5 8.0 7.6 7. 9 7.4 6.9 7.0 6 .5 5.6 5. 7 6.2 9.0 9.4 9.1 8.6 8.3 8.5 8.2 7.5 7.8 8.6 9.0 8.7 9.8 12.2 12.1 2-81 3-81 *-81 1-82 2-82 3-82 *-82 1-83 2-83 3-83 4- 33 1-84 2-84 11.4 4-79 3-79 10.3 1-80 9 .3 2-80 11.6 3-60 9.6 4-BO 1-81 2-81 3-81 *-81 IN IT IA L 1-82 2-82 585.3 601.3 622.7 630.9 633.7 656.3 15.9 681.0 7.0 -1 .3 678,8 5,3 0.* 2,0 5,1 1.7 3.3 *. 5 *,3 1.5 2.5 2.7 0.9 4,8 2.7 3.8 *.* *.3 7.7 7.7 6.3 7.9 9.5 11.2 16.7 3-82 *—82 1-83 2- 83 3-83 *-83 1—8* 682.2 689.8 691.4 70*.* 26.3 7*6.8 Q U A RTER G O VERN M EN T P U R C H A S E S OF GOODS ANO S E R V I C E S IN 1 97 2 D O L L A R S ________________ COMPOUNDED AN N UAL R A T E S OF CHANGE________________________ IN IT IA L T E R M IN A L Q UA RTER 3-79 *- 7 9 4-79 1 -00 2-00 3-00 4-80 1-01 2 -8 1 3 -8 1 B I L L I O N S OF D O LLA RS ANNUAL R A T E S Q UARTER 4-81 1-82 2—82 3 -6 2 4-82 1-83 2-83 3-83 *-83 1-84 3 .5 2 8 1 .2 1-00 2 ,8 4 .0 2-00 _ 3 .0 4 .0 4 .0 1 ,9 1 ,3 0 ,0 -3*8 4-00 1 ,1 0 ,5 - 0 ,7 - 3 .0 1 -0 1 1 .7 1 .4 0 .7 - 0 .4 1 .4 5 .0 2-81 1 .3 0 .9 0 .3 - 0 .6 0 ,5 1 .0 - 1 .3 0 *8 0 ,2 1 ,2 2 ,3 1 ,0 3-01 __ 2 8 4 .0 2 8 6 .8 2 8 * .0 - 2 .1 2 8 2 .5 2 8 6 .0 2 8 5 .1 3 .3 2 8 7 .4 4-81 1 ,7 1 *5 1*1 0 *6 1 ,6 2 ,5 1 ,7 3 ,2 3 ,1 1 -8 2 1 ,6 1 .4 1 .1 0 .7 1 ,5 2 .2 1 ,5 2 .4 2 ,0 0 .8 2-82 1 ,1 0 .0 0 .5 0 .0 0 .6 1 .1 0 ,3 0 .7 - 0 ,2 - 1 .8 3-82 1 .6 1 ,5 1 ,2 0 .9 1 ,5 2 ,1 1 ,6 2 ,2 1 ,9 1 .5 1 ,0 0 ,3 4-& 2_ ¿*3 2.2 2 *1 1 .9 2 ,6 3 .2 2 .9 3 ,6 3 ,7 3 ,0 4 ,0 9 .7 1 1 ,1 l- £ 3 _ 1 ,6 1 ,4 1*2 0 .9 1 ,4 1 .8 1 ,4 1 ,8 1 ,6 1 .3 1 ,4 3 ,4 1 ,0 - 0 ,1 2-03 1 .3 1 .1 0 .9 0 .6 1 .1 1 .4 1 .0 1 .3 1 .0 0 .6 0 .6 1 .9 - 0 .2 - 5 .4 2 8 9 .6 2 9 0 .2 - 4 .3 2 8 7 .0 2 9 2 .8 3 0 0 .6 2 9 4 .3 - 2 .6 1 ,2 1 ,0 0 *8 0 *6 1 .2 0 ,8 1 ,1 0 .8 0 ,5 0 .4 1 ,4 - 0 ,3 - 3 .0 - 1 ,6 - 0 .5 0 ,0 0 .7 0 .4 0 .2 0 .5 0 .7 0 ,4 0 ,5 0 .2 - 0 ,1 - 0 ,3 0 ,4 - l.l - 3 ,9 - 2*5 - 2 ,4 - * ,3 1-84 0 ,0 0 .7 0 ,5 0 ,3 0 ,5 0 ,0 0 ,4 0 ,6 0 .3 ¿ 0 ,5 - 0 .0 - 3 ,0 - 1 *6 - 1 ,3 - 1 ,7 1 ,0 2-04 1 .7 1 .6 1 .5 1 .3 1 .7 2 .0 1 .7 2 .0 1 .9 1 .8 1 .9 2 ,7 1 .9 0 ,4 2 ,2 3 .5 * ,8 9 ,7 1 9 .2 3 - 79 4-79 1-8 0 2-80 4-BO 1-81 2-81 3 - 81 4-81 1-82 2-02 3-02 4-82 1 - 83 2-83 3-83 4 —8 3 1-64 . I CD o 3-03 4-03 ¿ o 2 9 2 .4 0 ,9 . IN IT IA L 2 9 2 .0 2 8 8 .8 2 8 9 .5 3 0 2 .5 Q UARTER P R E PA R E O BY F E D E R A L R E S E R V E AUGUST 2 0 , 1 9 8 * 17 BANK OF S T . L O U IS D IS P O S A B L E P ER SO N A L INCOME IN CURRENT D O LLA R S _______COMPOUNDED ANNUAL R A T E S OF CHANGE_________ T E R M IN A L ______________________________________________________ _________________ Q U A RTER 1-81 4-80 2-81 2-80 3- 7 9 3-80 4-79 1-80 4-79 1 0 .1 1-80 1 2 .0 1 .7 7 1 - 7 1 . 7 8 9 . ft 8 .9 1 0 .3 1 0 .3 8 .6 1 3 .2 1 1 .0 1 1 .3 1 0 .4 1 3 .6 1 4 .1 1 1 .5 1 1 .8 1 1 .3 1 3 .8 1 4 .2 1 <D O 9 .3 3-80 2-81 4 .1 1 .6 4 6 .0 1 .9 0 8 .0 1 .9 7 2 .5 1 4 .2 1 0 .9 1 1 .0 1 0 .4 1 2 .1 U .7 1 0 .5 7 .0 U .4 1 1 .6 1 1 .2 1 2 .7 1 2 .6 1 2 .1 11 . 0 1 5 .3 1 0 .6 2 .0 0 6 .0 2 .0 7 8 .6 JO .8 1 0 .9 1 0 .5 1 1 .6 11*3 1 0 ,6 9 .4 l_-82 1 0 .1 1 0 .2 9 .7 1 0 .5 1 0 .1 9 .3 8 .1 8 .5 5 .2 4 .3 2-82 9 .6 9 .6 9 .1 9 .8 9 .3 8 .5 7 .4 7 .5 5 .0 4 .5 4 .7 6 .1 2 .1 0 9 .8 2 ,1 3 2 .0 2 ,1 5 6 .8 9 ,4 9 ,0 9 ,5 9 ,1 8 ,4 7 ,4 7 ,5 5 *6 5 ,5 6 ,1 7 .4 9 .3 9 .3 8 .9 9 .3 8 .9 8 .3 7 .5 7 .6 6 .1 6 .1 6 .7 7 .6 1-83 9 .0 8 .9 8 .5 8 .9 8 .5 7 .8 7 .1 7 .1 5 .8 5 .7 6 .1 6 .5 6 .1 4 .3 8*9 . 8 .4 8 .8 8 .4 7 ,8 7 ,1 7 ,1 6 .0 6 ,0 6 ,4 6 .8 6 .6 5 .9 7 .5 3-83 9 .0 9 .0 8 .6 9 .0 8 .6 8 .2 7 .6 7 .6 6 .7 6 .8 7 .2 7 .7 7 .8 7 .8 9 .6 4-83 9 .1 9 .1 8 .8 9 .1 8 .8 8 .4 7 .9 7 .9 7 .2 7 .3 7 .7 8 .2 8 .4 8 .5 1 0 .0 1 1 .2 1 0 .7 1-84 9 ,3 9 .3 9 .0 9 .3 9 .1 8 .7 8 .3 8 .4 7 .7 7 .9 8 .3 8 .9 9 .1 9 .4 1 0 ,6 1 1 .7 1 1 .7 1 2 .7 2-84 9 .3 9 .2 9 .0 9 .3 9 .0 8 .7 8 .2 8 .4 7 .7 7 .9 8 .3 8 .8 9 .0 9 .2 1 0 .2 1 0 .8 1 0 .5 1 0 .4 8 .2 3-79 4-79 1-80 2-80 3-80 4-80 1-81 2-81 3-81 4-81 1-82 2-82 3-82 4-82 1 -83 2-83 3-83 4-8 3 1-84 M 2 CD _ 9 .5 4-82 CD _ 1 .7 1 4 .9 1 3 .9 2-80 1-81 I N I T I A l Q U A R T E R ___________________________________________________________ _____ ____________ D O L L A R S AN N UAL R A T E S 1-84 3-83 2-83 1-83 1-82 2 - 82 3-82 4-83 4-81 4-82 3-81 IN IT IA L 2 ,1 9 5 .8 7 .8 2 ,2 3 7 .5 2 ,2 6 1 .4 2 ,3 0 2 .9 1 1 .7 2 .3 6 7 .4 2 ,4 2 8 .6 2 .5 0 2 .2 2 .5 5 2 ,0 Q U A RTER D I S P O S A B L E P E R S O N A L IN CO M E I N 1972 D O L L A R S COMPOUNDED ANNUAL R A T E S OF CHANGE________ T E R M IN A L Q U A R T ER 1 -80 2-80 3-80 1 CD 4-79 ° 3-79 4-79 1-81 2-81 3-81 B I L L I O N S OF D O LLARS AN NUAL R A T E S iaUARTER IN IT IA L 4 - 81 1-82 2-82 3-62 4-82 1-83 2-83 3-83 4—8 3 1-64 0 .1 1 ,0 2 0 .1 1-80 1 ,2 2 ,3 2-80 - 1 ,0 - 1 ,6 - 5 ,3 1 ,0 2 5 .8 1 ,0 1 2 .0 3-80 - 0 .1 - 0 .1 - 1 .3 2 .9 4-80 0 .8 0 .9 0 .5 3 .5 4 .1 1-81 1 .5 1 .8 1 .6 4 .0 4 .6 5 .1 2-81 1 .2 1 .3 1 .2 2 .8 2 .8 2 .2 - 0 .7 3-81 1 .9 2 .1 2 .1 3 .6 3 .8 3 .7 3 .0 6 .9 4-81 1 .6 1 .7 1 .7 2 .9 2 .9 2 .6 1 .7 3 .0 - 0 .8 1-82 1 .3 1 .4 1 .3 2 .3 2 .2 1 .8 1 .0 1 .6 - 1 .0 - 1 .2 2-82 1 .2 1 .3 1 .2 2 .1 2 .0 1 .6 0 .9 1 .4 - 0 .4 - 0 .2 0 .8 3-8 2 I t* 1 .3 1 .2 2 .0 1 .9 1 .6 1 .0 1 .3 - 0 .0 0 .2 1 .0 1 .2 4-82 1 .4 1 .5 1 .5 2 .2 2 .1 1 .8 1 .4 1 .7 0 .7 1 .1 1 .9 2 .4 3 .7 * "8 3 1 .5 1 .6 1 .5 2 .2 2 .1 1 .9 1 .5 1 .8 0 .9 1 .3 1 .9 2 .3 2 .9 2 .1 2-83 1 .6 1 .7 1 .7 2 .3 2 .2 2 .0 1 .7 2 .0 1 .3 1 .6 2 .2 2 .6 3 .0 2 .7 1 .0 1 9 .2 1 .0 2 9 .6 1 .0 4 2 ,5 1 .0 4 0 ,7 1 .0 5 8 .1 1 .0 5 6 .0 1 .0 5 2 .8 1 .0 5 4 .8 1 .0 5 7 ,9 1 * 0 6 7 .6 1 .0 7 3 .1 1 .0 6 2 .0 3-83 2 .0 2 .1 2 .1 2 .7 2 .6 2 .5 2 .3 2 .6 2 .1 2 .5 3 .1 3 .6 4 .2 4 .3 5 .5 7 .7 4-63 2 .3 2 .5 2 .5 3 .1 3 .1 3 .0 2 .8 3 .1 2 .7 3 .2 3 .8 4 .3 5 .0 5 .3 6 .4 00 • o 3 .4 8 .3 1-84 2 .7 2 .8 2 .8 3 .4 3 .4 3 .4 3 .3 3 .6 3 .3 3 .8 4 .4 4 .9 5 .6 6 .0 6 .9 8 .2 8 .4 6 .6 2-84 2 .8 3 .0 3 .0 3 .6 3 .6 3 .6 3 .5 3 .8 3 .5 4 .0 4 .6 5 .1 5 .6 6 .0 6 .8 7 .6 7 .6 7 .3 6 .1 3-79 4-79 1-80 2-80 3-80 4-80 1—81 2-81 3 -81 4-61 1 -82 2-62 3 - 62 4-62 1 - 63 2-83 3-63 4-63 1-64 IN IT IA L 1 .1 0 2 .2 1 .1 2 4 .3 1 .1 4 7 ,6 1 .1 6 4 .6 (¡ W A R I E R P R E P A R E D BY F E D E R A L R E S E R V E AUGUST 20# 1 9 6 4 18 BANK OF S T . L O U IS C O RPO RATE P R O F IT S A F T E R T A X E S * COMPOUNDED ANNUAL R A T E S OF CHANGE B IL L IO N S T E R M IN A L QUARTER 3-79 4-79 4-79 1-80 2-80 3-80 *-8 0 1-81 3 - 81 * —81 1-82 2-82 3-82 4-8_2_ 1-83 2 - 8 3 .. 3-0 3 4-8 3 _ AN N UAL Iz M . .. RATES 1 6 5 .0 - 1 0 .4 1661.2 1—8 0 - * .0 2 .9 2-80 - 2 3 .0 - 2 8 .6 - 5 0 .5 3-80 - 1 3 .* - 1 * .* - 2 1 .9 *-80 - 1 1 .0 - 1 1 .1 - 1 5 .3 1 0 .7 - 0 .5 - 7 .8 - 7 .2 - 9 .6 1 0 .5 * .5 9 .9 - 2 .9 - 1 0 .3 —1 * . 8 —3 * . 0 1-8 V 2-81 Of DO LLARS QUARTER IN IT IA L 1 3 9 .4 1 * 6 .9 2 3 .3 1 * 6 .7 1 5 0 .2 1 3 5 .* 2-81 - 1 2 .1 - 1 2 .3 - 1 5 .1 3-81 - 9 .3 - 9 .2 - 1 1 .1 0 .0 - 5 .1 —6 . 6 - 1 3 .9 1 2 .* *- 8 1 - 9 .6 - 9 .5 “ 1 1 .2 - 2 .1 - 6 .5 - 8 .0 - 1 3 .3 - 0 .6 - 1 2 .0 1-82 - 1 7 .5 - 1 8 .3 - 2 0 .6 - 1 5 .1 - 2 0 .2 - 2 3 .6 - 3 0 .3 - 2 9 .0 —* 3 . 6 2-82 - 1 5 .5 - 1 5 .9 - 1 7 .8 - 1 2 .* - 1 6 .6 - 1 9 .0 - 2 3 .8 - 2 1 .0 - 2 9 .8 - 3 7 .3 8 .7 3-82 - I * . 2 —1 * . 6 - 1 6 . 2 - 1 1 .1 —1 * . 7 - 1 6 .5 - 2 0 .2 - 1 7 .2 - 2 3 .2 - 2 6 .7 * .* 0 .4 *-82 - 1 4 .8 - 1 5 .1 - 1 6 .6 - 1 2 .2 - 1 5 .* - 1 7 .1 - 2 0 .* - 1 7 .9 - 2 2 .8 - 2 5 .3 - 4 .9 - 1 1 .1 - 2 1 .2 1-83 - 1 3 .* - 1 3 .6 - I * . 9 - 1 0 .5 - 1 3 .* - 1 *. 7 - 1 7 .* —1 * . 7 - 1 8 .5 - 1 9 .7 - 2 .0 - 5 .3 - 8 .1 7 .3 _ ? “ 83 - 8 .1 - 8 .0 - 8 .8 - * .0 3-83 - * .2 - 3 .8 - * .3 *- 8 3 - * .2 - 3 .8 1-8* - ? .6 2-8* - 2 .2 3-79 1 3 9 .* 1 3 5 .0 - 6 3 .8 1 0 * .7 1 0 6 .9 1 0 7 .0 1 0 0 .8 1 0 2 .6 —6 . 1 —6 . 7 - 8 .* - * .5 - 6 .7 - 5 .8 1 4 ,0 1 5 .4 2 0 .9 4 9 .9 1 0 9 .3 0 .7 - 1 .0 - 1 .0 - 2 .1 2 .3 1 .1 3 .2 2 2 .9 2 5 .9 3 3 .3 5 8 .8 9 3 .2 - * .3 0 .3 - 1 .2 - 1 .3 - 2 .2 1 .7 0 .5 2 .2 1 8 .6 2 0 .3 2 4 .8 4 0 .0 5 2 .9 3 0 .7 - 4 .1 - 2 .* 2 .1 0 .7 0 .8 0 .1 3 .9 3 .1 5 .0 1 9 .9 2 1 .6 2 5 .6 3 7 .9 * 6 .8 3 0 .* 1 1 .5 2 9 .8 - 1 .7 - 1 .9 2 .3 1 .1 1 .2 0 .5 * .i 3 .* 5 .1 1 8 .3 1 9 .6 2 2 .6 3 2 .0 3 7 .6 2 3 .9 9 .7 1 7 .4 6 .3 *-79 1-80 2-80 3-80 *-8 0 1-81 2-81 3-81 4 - 81 1-82 2-82 3-82 4-82 1-83 2-83 3-83 *- 8 3 1-84 IN IT IA L * N A T IO N A L IN C O M E P - P R E L IM IN A R Y 1 2 3 .4 7 8 .3 1 4 2 .6 1 4 1 .1 1 5 0 .6 1 5 2 .9P Q UARTER B A S IS PR EPA RED BY FED ER A L A U G U S T 20 # 1 9 8 * RESERVE BANK OF HISTORICAL SOURCES OF NATIONAL INCOME AND PRODUCT ACCOUNTS DATA The NIPA estimates for 1929-76 are 1n The National Income and Product Accounts of the United States, 1929-76: S ta tis tic a l Tables (Stock number 003-010-00101-1, price $10.00). Estimates for 1977-79 and corrections for e arlier years are in the Ju ly 1982 SURVEY; estimates for 1980 and corrections for e a rlie r years are in the Ju ly 1983 SURVEY; estimates for 1981-83 are 1n the Ju ly 1984 SURVEY. Estimates for the periods since, appear 1n subsequent issues of the monthly Survey of Current Business. These publications are available from the Superintendent of Documents, U.S. Government Printing Office, Washington, D.C. 20402. For further information, write to the National Income and Wealth Division (BE-54) Bureau of Economic Analysis, U.S. Department of Commerce, Washington, D.C. 20230. 19 ST. L O U IS I NVENTORI ES COMPARED WITH MONTHLY S A L E S * MANUFACTURING AND TRADE 6 8 64 I 60 I 56 I 52 I .48 48 44 40 36 1.32- 32 28 1 .28 24 I I 1982 1983 1984 * R A T I OS BASED ON SHADED A REA S R EPRESEN T L A T E S T DATA S E A S O N A L LY PLO TTE D : ADJUSTED PERIOD S JUNE OF DATA. B U SIN ES S SOURCE: U . S . DEPARTMENT OF COMMERCE R E C E S S IO N S . PR EL IM IN A R Y PREPARED 20 BY FEDERAL RESERVE BANK OF ST. L O U IS
@FedFRASER