View PDF

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

National Economic Trends
October 1985
Real GNP has been expanding at a moderate pace thus far this year, compared with a very
rapid rate of growth in the first two years of the expansion. Its major component, real final sales,
has slowed somewhat, but most of the slowing in GNP has been in the form of a sharp reduction in the
pace of real inventory accumulation.
Other distinguishing features of the GNP slowdown are a steady rate of real personal
consumption expenditures, but a sharp drop in the pace of both real residential and nonresidential
fixed investment. Real net exports are still declining, but, in contrast with the first two years of the
expansion, now reflect declining real exports in combination with rising real imports. Buoyed by
rising deliveries of defense products, real federal purchases have been increasing at a 10.2 percent
annual rate, compared with a 1.9 percent rate earlier in the expansion.

Changes in Real GNP and Its Components
IV/1984 to III/1985
Billions ,
of dollars — Percent—

,

Real GNP
Change in business inventories
Final sales
Personal consumption expenditures
Residential fixed investment
Nonresidential fixed investment
Net exports
Exports
Imports
Federal purchases of goods and
services
State and local purchases of goods
and services

„,

1.8%

IV/1982 to IV/1984
Billions ,
_,
of dollars — Percent—

,

$7.5
-6.3
13.8
13.3
1.1
1.3
-6.9
-3.0
3.9
3.3

3.4
5.0
7.5
2.4
—
-8.1
9.8
10.2

$23.0
5.2
17.8
12.4
2.3
6.5
-4.7
1.3
6.0
0.6

1.7

3.9

0.6

—

6.0%
—
4.6
5.0
20.5
15.1
—
3.7
19.4
1.9
1.4

U

Average per quarter
2/ Compounded annual rate of change
— Keith M. Carlson

THE
FEDERAL
RESERVE
RANK of
ST. I/)I IS


Views expressed do not necessarily reflect official positions of the Federal Reserve System.


TO TAL C IV IL IA N EMPLOY*0<T
. COMPOUNDED ANNUAL RATES OP CHANGE
THOUSANDS
OF PERSONS

I N I T I A L MONTH

-TERMINAL
2 -6 4

3 -8 4

4 -6 4 _ fcr.frfr__ fr~S4__ TrJkk__ a = M _ 9 -8 4 1 0 -6 4 I 1—64 12—B4
_
_

1 -6 5 ___2 -6 5

3 -8 5

4 -8 5

5 -8 5

6 -6 5

7 -flS

8-flS

2 >7

104« 123

-3.Q___ 3 . 3

4 -8 4

10 4.402
105.16 2

5— 84

5 .0

S-ft4

4 .4

5 .0

5 .8

2 .6

7 -6 4

3 .5

3 .7

3 .8

1 .2

a -8 4

2 .4

_ 2 .4 _

2*2

9— 84

2 .5

2 .5 _ 2 .3

0 .7

0 .0

0 .1

2 .8

10— fi 4

2 .6

2 .5

2 .4

1 .1

0 .7

1 .0

2 .9

1 1 -8 4

2 .6

2 .6

2 .5

1 .5

1 .2

1 .6

3 .0

3 .1

3 .3

1?—84

2 .8

2 .8

2 .7

l.a

1 .7

2 .1

3 .2

3 .4

3 .6

.•JV.9 : ì ^ . 9

2*9

6 .1

9 .1
105.391
-0 .2

-C ^ L _ - 1 . 4

105.37 7
-2 .6

10 5.14 8

*i
£

105.39 4
105.64 9

2 .9

10 5.93 2
10 6.273

3 .9

2 .6

2 .6

2 .5

1 .8

1 .6

2 .7

2 .7

2 .6

1 .9

1 .8

2 .1

2fc9

3 -8 5

2 .9

2 .9

2 .8

2 .2

2 .2

2 .5

3 .2

3 .3

3 .4

4 -6 5

2 .5

2 .5

2 .4

1 .9

1 .8

2 .0

2 .6

2 .5

2 .5

5 -8 5

2 .4

2 .3

2 .3

1 .7

1 .6

1 .8

2 .3

2 .2

2 .1

6 -8 5

1.8

1 .7

1 .6

1 .1

0 .9

1 .0

1 .4

1 .2

1 .0

0 .7

T.
3 .0

3 .0

2*6

1 .3

2 .9

2 .3

3 .4

3 .4

3 .2

4 .2

2 .3

1 .9

2 .1

1 .5

-1 .9

2 .0

1 .6

1 .6

1 .0

-0 .9

0 .2

0 .2

O
o

1-8 5
2 -8 5

106.39 1

-0 .9

-2 .8

-3 .2

-6 .4

1 0 6 .¿65
5 .0

10 7 .1 1 9
10 6.945
10 6.960
1 0 6 .3 7 0

7—85

2 .0

2 .0

1 .9

1 .4

1 .3

1 .4

1 .8

1 .7

1 .5

1.3

1 .0

0 .9

0 .4

-0 .7

-0 .3

-0 .5

5 .7

8 -8 5

2*1

2 .1

2 .0

1 .5

1 .4

1 .6

1 .9

1 .6

1 .7

1 .6

1 .3

1 .3

0 .9

0 .1

0 .6

0 .6

4 .6

3 .5

9 -8 5

2 .2

2 .2

2 .1

1 .7

1 .6

1 .0

2*1

2*0

2*0

1*6

1*6

l*fe

1*4

0 .6

1 .3

1*6

4 .5

3 .9

4 .2

2 - »4

3—64

4—04

5 -8 4

6 -6 4

7 -8 4

8—64

9 -0 4 1 0 -6 4 1 1 -6 4 1 2 -6 4

1 -6 5

2 -6 5

3 -6 5

4—65

5—65

6 -6 5

7 -6 5

8 -6 5

10 6.66 2
10 7.172
1 0 7 .5 4 4

I N I T I A L MONTH

PAYROLL EMPLOYMfcNT
THOUSANDS
OF PERSONS

I N I T I A L MONTH

TERMINAL
MONTH
2 -8 4

3 -8 4

4 -6 4

5 -8 4

6 -8 4

7 -6 4

8 -6 4

9 -6 4

10—84 1 1 -6 4 1 2 -6 4

1-6 5

2 -6 5

3 -6 5

4 -6 5

5 -8 5

6 -6 5

7 -6 5

6 -6 5

3 .6

9 3 ,3 6 7

4 -6 4

4 .0

4 .4

93*725

5 -8 4

3 .8

4 .0

3 .6

6 -8 4

3 .9

4 .0

3 .9

4 .1

7 -6 4

3 .9

4 .0

3 .9

4 .0

3 .9

6 -6 4

3 .9

3 .9

3 .8

3 .9

3 .7

3 .6

3 -8 4

9 3 ,9 9 8
9 4 ,3 1 7
9 4 ,6 1 5
9 4 ,8 9 3
9 5 ,2 3 8

9 -6 4

3 .9

4 .0

3 .9

4*0

4*0

4 .0

4 .5

10 -8 4

4 .0

4 .0

4 .0

4 .1

4 .0

4 .1

4 .4

4 .3

1 1 -84

4 .0

4 .0

4 .0

4 .0

4 .0

4 .1

4 .2

4 .1

12 -6 4

3 .8

3 .9

3 .8

3 .8

3 .8

3 .«

3 .8

3 .6

3 .3

2 .7

1 -6 5

3 .9

3 .9

3 .9

3 .9

3 .9

3 .8

3 .9

3 .8

3 .6

3 .4

4 .2

2 -8 5

3 .7

3 .7

3 .7

3 .7

3 .6

3 .6

3 .6

3 .4

3 .2

3 .0

3 .2

2 .2

3 -8 5

3 .8

3 .8

3 .7

3 .7

3 .7

3 .7

3 .7

3 .5

3 .4

3 .3

3 .4

3 .1

4 .0

4 -8 5

3 .7

3 .7

3 .6

3 .6

3 .6

3 .5

3 .5

3 .4

3 .3

3 .1

3 .2

2 .9

3 .3

2 .6

3.6^

3 .5

3 .2

3 .4

3 .2

3 .5

3 .2

3 .8

9 5 ,5 7 3
9 5 ,8 8 2

3 .9

9 6 ,0 9 2
9 6 ,4 1 9
9 6 ,5 9 1
9 6 ,9 1 0
9 7 ,1 2 0
9 7 ,4 2 1

3 .6

3 .6

3 .6

3 .6

3 .5

3 .4

3 .4

3 .3

3 .3

3 .3

3 .1

3 .0

2 .9

2 .9

2 .6

2 .8

2 .3

2 .2

0 .6

3*4

3 .4

3 .4

3 .3

3 .3

3 .2

3 .1

3 .0

2 .9

2 .9

2 .7

2 .6

2 .5

2 .4

1 .8

2 .9

3 .5

3 .5

3 .4

3 .4

3 .3

3 .3

3 .3

3 .2

3 .0

2 .9

3 .0

2 .6

2 .9

2 .7

2 .7

2 .3

3 .2

3 .5

3 .4

3 .3

3 .3

3 .3

3 .2

3 .2

3 .1

3 .0

2 .9

2 .6

2 .6

2 .7

2 .7

2 .5

2 .5

2 .2

2 .7

2 .5

1 .6

2 -6 4

3 -8 4

4 -6 4

5 -6 4

6 -6 4

7 -8 4

6 -6 4

9 -6 4

1 0 -6 4 1 1 -6 4 1 2 -6 4

ì-é *

¿—05

7 -8 5

0-8Ì>

5 -8 5

3*7

3 .7

6 -6 5

3*5

7 -6 5

3*5

6 -6 5
9 -6 5

3 .3

4 -è *

IN I T I A L W M TH
P - PRELIMINARY




OCTOBER 4 » 1985

2

9 7 ,4 7 3
9 7 ,7 0 7
9 7 ,9 8 7 P
9 8 .1 1 5 P




EMPLOYMENT
RATIO

SCALE

MILLIONS

RATIO

OF P E R S O N S

SEASONALLY

MILLIONS

ADJUSTED

SCALE

OF P E R S O N S
120

1 15

I 10

105

100

95

90

85

80

75
SOURCE:

PERCEN TAGES ARE ANNUAL RATES OF CHANGE FOR PERIO D S
LA T ES T DATA PLOTTED«

U .S .D E P A R T M E N T OF LABOR

IN D IC A T ED .

SEPTEM BER P R E L IM IN A R Y
PREPARED BY FED ERAL RESERVE BANK OF S T .

UNEMPLOYMENT
PERCENT

SEASONALLY

L O U IS

RATE

ADJUSTED

PERCENT
12. 0

.

11. 0

10 .

1 0. 0

9.

9 .0

8.

8.0

7.

7 .0

6.

6.0

5.

5 .0

1l

4.

4 .0
1977

1978

1979

1980

1981

1982

1983
SOURCE«

PERCENT OF C I V I L I A N
LA T E S T DATA PLOTTED«

U .S .

1984

1985

DEPARTMENT OF LABOR

LABOR FORCE
SEPTEMBER
PREPARED BY FED ERAL R ESERV E BANK OF S T .

3

L O U IS

CONSUMER PRICE INDEX FOR ALL URBAN CONSUMERS* SEASONALLY ADJUSTED
----------------------------------------CQHfQUHDED^AIIMUAL RATES OP CHANCE_____________________
MONTH

.. _

9 -8 4

,4-^Ç_4_ . ?-Q4_. _6rft4... 7-94_.

3 -8 4

1 0 -8 4

1 2 -8 4

Í

2 -8 4

1-8 5

2—85

3 -8 5

4 -8 5

5 -8 5 _ 6 -8 5

7 -8 5 . . 5 - 8 5 ...

3 .6

3 ~ «4

5*2

... 4 -8 4

30?. *2_

5 -8 4

3*6

3*6

2*0

b r* ±

_ 3 iî

.3 ,2

2 ,2 .

7 -8 4

..

3 0 9 ,7
310*3

¿ ,3

3 .3

_ 2 .7

-3 .1

0-8.4. .._ .3^7— ___2*.7

.3x3.

3*8

4*5

5*1

3 .5

3 .9

4 .5

4 .7

4 .?

3*5_

3 .8

4 .2

4 .3

3*9

9 -S 4
1 0 -8 4

i.a _
_3*X_

3 1 1 .3

3*<L.

312*6
3 1 3 .7
3 1 4 .6

3*5

ll-8 4 _ _

3 .6

itJfe . . . i t ?

3 .6

3 .8

3 .8

3 .4

2 .9

2*3

1 2 -8 4

3 ,5 _

3 .5

3*3

3 .5

3 .7

3 .7

3 .3

3 .0

2 .7

3 .1

315*2
316*0

1 -8 5

3*4

3*4

3^2.

3 .4

3 .5

3 .4

3 .1

2 .8

2 .6

2 .7

2*1

2 -8 5

3 .5

3*5

3*3

3 .5

3 .6

3 .6

3 .3

3 .1

3*0

3 .2

3*3

4*2

3 -8 5

3*7

-3*1

3*5

3 .7

3 .8

3*8

3*6

3*5

3 .5

3^9

4*1

5*0

3 .9

3 .8

3 .7

3 .7

4 .0

4*2

4 .9

5*2

3 .7

3*7

3*6

3 .8

3 .9

3 1 £ ,6 .
317*7
3 1 9 .2

5*8
4 .6

320*4

3 .7

3*7

3*5

3*7

3*8

3*8

3*6

3 .6

3 .6

3 .8

3 .9

4 .3

4*3

3*6

2 .7

3*6

3*6

3 .5

3 .6

3*7

3*7

3 .5

3*5

3 .5

3 .6

3*7

4 .0

3*9

3*3

2*7

2 .6

7 -8 5

3*5

3*5

3 .4

3*5

3*6

3*6

3 .4

3 .3

3 .3

3 .4

3*5

3 .7

3*6

2*5

2*5

8 -8 5

3 .4

3 .4

3 .3

3 .4

3 .5

3 .5

3 .3

3 .2

3 .2

3 .3

3 .3

3 .5

3*4

2 .9

2*5

2*4

2*3

2*3

9 -8 5

3 .4

3 .4

3 .3

3 .3

3 .4

3 .4

3 .2

3 .2

3 .1

3 .2

3 .2

3 .3

3 .2

2 .8

2*4

2*4

2 .3

2 .3

2 .3

3 -8 4

4 -8 4

5 -8 4

6 -8 4

7 -8 4

8 -8 4

9 -8 4

1 0 -8 4 1 1 -8 4 1 2 -8 4

1-85

2 -8 5

3 -8 5

4 -8 5

5 -6 5

6 -8 5

7 -8 5

8 -8 5

?!
0
0
*1

5 -8 5
6 -8 5

*
o

4 -8 5

.

321*1
321*8
322*4

2*3

3 2 3 .0
3 2 3 .6

I N I T I A L MONTH

PREPARED BY FEDERAL RESERVE BANK OF S T . LO UIS
OCTOBER 2 3 , 1985

PROOUC6R PRICE IN D EX , F IN IS H E D GOODS - SEASONALLY ADJUSTED*
_________________ CUftPQUNPfD-AHrtUAL -RA T ES QF QHAN6E_________________
TER M I

MAL

1967 -

I N I T I A L MONTH

100

MONTH
7 -8 4

3—84

4 -8 4

5 -8 4

6 -8 4

7 -8 4

8 -8 4

9 -8 4

1 0 -8 4 1 1 -8 4 1 2 -8 4

1-8 5

2 -8 5

3 -8 5

4 -8 5

5 -8 5

6 -8 5

7 -8 5

8 -8 5
291*5

6 .4
4 -ft4

^ -4

0 .4

5 -8 4

1 .7

-0 .6

-1 .6

f>-ft4

1 .2

-0 .4

-0 .8

0 .0

7 -R 4

1 .5

0 .3

0 .3

1 .2

2 .5

8 -8 4

0 .8

-0 .2

-0 .4

0 .0

0 .0

2 9 1 .2
2 9 1 .2
2 9 1 .8
2 9 1 .2

-2 .4

2 9 1 .2

9 -8 4

0 .7

-0 .2

-0 .3

0 .0

0 .0

-1 .2

0 .0

1 0 -8 4

0 .5

-0 .3

-0 .4

-0 .2

-0 .2

-1 .1

-0 .4

-0 .8

1 1 -8 4

0 .9

0 .3

0 .2

0 .6

0 .7

0 .2

1 .1

1 .7

4 .2

1 2 -8 4

0 .8

0 .2

0 .2

0 .5

0 .6

0 .2

0 .8

1.1

2 .1

0 .0

1 -8 5

0 .7

0 .2

0 .1

0 .4

0 .4

0 .1

0 .6

0 .7

1 .2

-0 * 2

-0 .4

2 -8 5

0 .7

0 .2

0 .2

0 .4

0 .5

0 .2

0 .6

0 .7

I.1

0*1

0*2

3 -8 5

0 .8

0 .3

0 .3

0 .5

0 .5

0 .3

0 .7

0 .8

1 .2

0*4

0*5

1 .0

1*2

4 -8 5

1 .1

0 .7

0 .7

0 .9

1 .0

0 .8

1 .2

1 .4

1 .8

1*3

1*7

2 .3

3 .1

5*0

2 .3

2*8

3*5

2*1

5 -8 5

1 .1

6 -8 5

0 .9

0 .5

7 -8 5

1 .1

0 .7

0 .8

0 .8

1 .0

1 .1

0 .6

0 .7

0 .8

0 .9

2 9 1 .0
2 9 2 .0
2 9 2 .0
2 9 1 .9
2 9 2 .1

0 .8

2 9 2 .4
2 9 3 .6
2 9 4 .1

1 .5

1 .8

1*4

1*7

0 .9

1 .1

1 .3

0 .9

1*0

1 .3

1 .4

1*5

-0 * 2

-2 * 4

1 .2

1 .3

1 .6

1 .2

1 .4

1*7

1*9

2 .1

1*1

0*6

3 .7

1*0

0*9

-0 .1

- 0 .8

0 .0

-3 .6

0 .9

1 .3

0 .8

0 .6

1 .0

0 .9

2 9 3 .5
2 9 4 .4
2 9 3 .5

8 -8 5

0 .8

0 .5

0 .5

0*6

0 .7

0*5

0*8

0*9

wo

0 .7

0 .8

0*9

9 -8 5

0 .4

0 .1

0 .0

0 .2

0 .2

0 .0

0 .2

0*2

0*3

-o * i

-o .i

-0 * 1

-0 .2

-0 .4

-1 .5

-2 .3

-2 .3

-5 .2

-6 .7

2 -8 4

3 -8 4

4 -8 4

5 -8 4

6 -8 4

7 -8 4

8 -8 4

9 -8 4

1 0 -6 4 1 1 -8 4 1 2 -8 4

1-8 5

2 -8 5

3 -8 5

4 -8 5

5 -8 5

6 -8 5

7 -6 5

8 -8 5

2 9 1 .8

I N I T I A L MONTH
♦DATA FOR FOUR MONTHS AGO REVISED TO REFLECT LATE REPORTING




PREPARED BY FEDERAL RESERVE BANK OF S T . LOUIS
OCTOBER I I , 1985

4




RATIO

PRICES

SCALE

1 9 6 7 -1 0 0

S E A S O N A L LY

CONSUMER P R IC E IMOEX B E 6 IM N IN « J A W A R Y 1070 IS
C P I - U DATA B E G IN N IN G 1983 I »(CORPORATE A REN TAL

DATA P L O T T E D ,

IN D IC A T E D .

SEPTEMBER
PREPARED BY FED ERA L RESERVE B A M

r at io

SCALE

P R O D U C E R

1 9 6 7 -1 0 0

PR

S E A S O N A L LY

PERC EN TAGES ARE ANNUAL
LATES T

DATA P L O T T E D .

SCALE

1 9 6 7 -1 0 0

FOR ALL URBAN C O N S U ttR S ( C P l - U ) .
E Q U IV A LE N C E WCASURE FOR HOtfEOVNERSHIP C O S T S .

P ERC EN TAGES ARE ANWJAL R A TES O f CHANCE FOR PE R IO D S
LATEST

RATIO

AD JU S TED

R ATES OF CHANCE FOR P E R IO D S

SEPTEMBER

I C E S

A D JU S T ED

RATIO

L O U IS

SCALE

1 9 6 7 -1 0 0

IN D IC A T E D .

PREPARED BY FED ERA L

5

OF S T .

RESERVE BANK OF S T .

L O U IS

PRODUCER PRICE If© E X , F IN IS H E D CONSUME* FOODS - SEASONALLY ADJUSTED*
____________________COMPOUND ED ANNUAL RATES OP C HAWSE__________________________
.TERMINAL__________________________________________________________________ INITIAL W
QttTH_____________________ ______________________________________________m 7 _J? _LQ9
MONTH
> -8 4
7 -8 4
8 -8 5
6 -8 4
9 -8 4 1 0 -8 4 1 1 -8 4 1 2 -8 4
4 -8 5
3 -8 4
4 -8 4
5 -8 5
6— 85 7 -8 5
5 -8 4
8—84
1 -8 5
2 -8 5
3 -8 5
2 7 5 .7

3 -8 4

12 .5

4 r8 4

-0 .7

-1 2 . 3

5 -6 4

-3 .8

-1 1 . 0

_J ^ Q A

-2 .«

2 7 2 .7
2 7 0 .4

—9 .7

2 7 0 .4

-7 .5

0 .0

2.-Û4

1*3_

rJL*3

2*7 _ 9 . 4

19 .9

8~84

0 .6

-1 .6

1 .2

5 .1

7 .8

—3 .0

..... . 3 - û i

0 .3

-_la 7

0 .6

3 .4

4 .5

-2 * 4

-1 .7

2 7 4 .5
2 7 3 .8
2 7 3 .4
2 7 3 .0

1 0 -6 4

0*0

-i.7

0 .2

2 .3

2*9

—2*2

-1 .7

-1 .7

1 1 -8 4

O J

-0 .7

1 .1

3*1

3 .7

0 .0

1*0

2 .4

6 .8

1 2 -8 4

1 .1

0 .0

1 .6

3 .3

3 .9

1*0

2 .0

3 .3

5 .9

4 .9

1-8 5

2 7 5 .6

0 .2

-0 .6

0 .8

2 .2

¿*5

-0 * 1

0 .4

1 .0

1 .9

-0 .4

—5*5

-0 .4

Q tl

Z -3 Ï
3 -8 5

2 7 4 .5

0 .9

2 .1

2 .3

0 .1

0 .6

1 .1

1 .8

0 .1

-2 .2

1 .3

2 7 4 .3

-0 .8

0 .3

1 .4

1 .5

-0 .5

-0 .2

0 .1

0 .4

-1 .1

-3 .0

-1 .7

-4 .7

2 7 3 .5
2 7 1 .0

2 7 4 .6

4 -8 5

—0 . 6

-1 .6

-0 .6

0 .2

0 .3

-1 .7

-1 .5

-1 .5

-1 * 5

-3 .0

-4 .9

—4 . 7

-7 .6

5 -8 5

-1 .5

-2 .4

-1 .6

-0 .9

-1 .0

-2 .9

-2 .9

-3 .0

-3 .2

-4 .8

—6 . 6

-6 .8

—9 .4 - 1 1 . 7 - 1 2 . 9

6 -8 5

“ 1 .5

-2 .3

-1 .6

-0 .9

-1 .0

-2 .7

-2 .7

-2 .8

-2 .9

-4 .2

-5 .7

-5 .7

-7 .4

-8 .2

-7 .1

-0 .9

-0 .9

-1 .9

-2 .8

-2 .3

-3 .0

-2 .6

0 .1

7 .4

-1 0 .4

2 6 7 .9
2 6 7 .7
1 6 .4

27 1 .1

-1 .3

-0 .5

0 .2

0 .2

-1 .2

-l.l

-1 .0

-0 .9

-l.T

-1 .0

—0 . 4

—0 .4

-1 .8

-1 .7

-1 .7

-1 .7

-2 .6

-3 .5

-3 .2

-3 * 9

-3 .7

-2 .0

2 .0

3 .4

-8 .1

-It ?

-2 .2

-L -6

-4 -0

-l.l

-2 .4

-2 .4

-2 .5

-2 .5

-3 .4

-4 .3

-4 .1

—4 .9

-4 .9

-3 .8

-1 .3

-1 .5

-9 .4

2 -8 4

3 -8 4

4 -8 4

5 -8 4

6 -8 4

7 -8 4

8 -8 4

9 -8 4 1 0 -8 4 1 1 -6 4 1 2 -8 4

1—85

2 -8 *

7 -$_*>

-0 .5

8 -8 5
9 -8 S

2 6 9 .2
-1 0 .6

" 7 -h
65"

4 -8 5

2 6 6 .7

Ô -Ô 5 "

IN I T I A L NONÎH
*OATA FOR FOUR MONTHS ACO REVISED TO REFLECT L ATE REPORTING

PRODUCER PRICE IN DEX , F IN IS H E D GOODS, EXCLUDING FOODS - SEASONALLY ADJUSTED*
__________________________ CflHTQUHPEP ANNUAL RATES OF CHANGE______________________________
TERMINAL
MONTH

1967 -

I N I T I A L HDNTH
2 -8 4

3 -8 4

4 -8 4

5 -8 4

*
Œ
1
(<
*

4 .6
3 .5

2 .9
1 .9

0 .6

9 -8 4 1 0 -8 4 1 1 -8 4 1 2 -8 4

1 -8 5

2 -8 5

3 -8 5

4 -8 5

5 -8 5

6 -8 5

7 -8 5

100

8 -6 5

1 .2

7 .6

8 -8 4

4 .6

5 -8 4

7 -8 4

4 .6

4 -8 4

6 -8 4

0 .0

2 9 4 .5
295*$
2 9 5 .9
2 9 5 .9

7—84

1 .6

0 .8

-0 .4

-1 .2

-2 .4

8 -8 4

1 .0

0 .2

-0 .8

-1 .5

-2 .2

-2 * 0

<>-84

0 .9

0 .3

-0 .6

-1 .0

-1 .3

-0 .8

0 .4

1 0 -8 4

0 .7

0 .2

-0 .5

-0 .9

-1 .1

-0 .7

0*0

-0 .4

1 1 -8 4

1 .0

0 .6

0 .0

-0 .2

-0 .2

0 .3

1 .1

1 .4

3 .3

1 2 -8 4

0 .7

0 .3

-0 .2

-0 .4

-0 .5

-0 .1

0 .4

0 .4

0 .8

-1 .6

2 9 5 .3
2 9 4 .8
2 9 4 .9
2 9 4 .8
2 9 5 .6
2 9 5 .2

1 -8 5

O.fl

0 .4

0 .0

-0 .2

-0 .2

0 .1

0 .6

0 .6

1 .0

-0 .2

1 .2

2 -8 5

0 .7

0 .4

0 .0

-0 .1

-0 .2

0 .2

0 .5

0*6

0 .8

0*0

0*8

0 .4

3 -8 5

1 .0

0 .7

0 .3

0 .2

0 .3

0 .6

1 .0

1*1

1 .4

0*9

1 .8

2*0

4— 85

1 .6

1 .4

1.1

1 .1

1 .2

1 .6

2 .1

2 .3

2 .8

2 .7

3*8

4 .7

6 .9

1 0 .2

5 -8 5

2 .0

1 .8

1 .6

1 .6

1 .8

2 .2

2 .7

3 .0

3 .5

3*5

4*5

5 .4

7 .1

8 .8

7 .5

6 -8 5 ...

1 .7

1 .5

1 .2

1 .2

1 .4

1 .7

2 .1

2 .3

2 .6

2*5

3*2

3*6

4 .4

4 .7

2 .0

2 9 5 .5
2 9 5 .6
2 9 6 .5

3*7

2 9 8 .9
3 0 0 .7
2 9 9 .9

7~85

1 .6

1 .4

1 .2

1 .2

1 .2

1 .6

1 .9

2 .0

2 .3

2*2

2*7

3*0

3 .5

3 .5

1 .3

-1 .6

...

H 5

1 .4

1 .2

1*0

0 .9

1*0

1 .3

1*6

1 .7

1 .9

1 .7

2 .1

2 .3

2 .6

2 .4

0 .5

-1 .7

1
«
o

-3 .1

-2 .0

. ....

9^85

1 .0

0 .6

0 .6

0 .6

0*8

1 .0

1*1

1 .2

1*0

1 .3

1 .3

1 .5

1 .1

—O .6

-2 .6

-2 .4

-3 .5

-5 .1

4 -8 4

5 -8 4

6 -8 4

7—84

8 -8 4

9 -8 4 1 0 -8 4 1 1 -8 4 1 2 -8 4

1 -8 5

2 -8 5

3 -8 5

4 -»

5 -8 5

6 -8 5

7 -8 5

8 -8 5

2 -8 4

3 -8 4

2 9 9 .9

0 .0

2 9 9 .4
2 9 8 .1

I N I T I A L HDNTH
♦DATA FOR FOUR MONTHS AfrO REVISED TO REFLECT 1ATE RE PURTIH 6




PREPARED §Y FEDERAL RESERVE BANK OF S T . LO U IS
OCTOBER 1 1 , 1935

6

INDUSTRIAL
RATIO

PRODUCTION

SCALE

RATIO

1977-100

SEASONALLY

1977

1978

1979

1980

1981

1982

PERCEN TAGES ARE AKtfUAL RATES OF CHANGE FOR PERIO D S
L A T E S T DATA PLOTTED»

SCALE

1977-100

ADJUSTED

1983

1984

1985

IN D IC A T E D .

S E P T E M E R PR E L IM IN A R Y
PREPARED BY FED ERAL RESERVE BAN* OF S T .

LOO IS

IN D U STR IAL PRPOUCTIQN
COMPOUNDED ANNUAL RATES OF CHANGE
1977 * 100

I N I T I A L MONTH

TERMINAL
MONTH
2 -8 4
3 -8 4

7 .3

4 -8 4

5 -8 4

6—84

7 -8 4

8 -8 4

9 -8 4

1 0 -8 4 1 1 -8 4 12—84

1 -8 5

2 -8 5

3 -8 5

4 -8 5

5 -8 5

6 -8 5

7 -8 5

8 -8 5
120.1

8*4

4 -8 4

3 -8 4

1 2 0.7

6 .2

12 1.3

5 -8 4

6 .9

6 .1

6 .1

6 -8 4

7 .7

7 .5

8 .2

1 0 .4

7 -8 4

8 .0

7 .9

8 .5

9 .8

9 .2

8 -8 4

7 .2

6 .9

7 .1

7 .5

6 .0

3 .0

9 -8 4

5 .8

5 .4

5 .2

5 .0

3 .3

0 .5

-1 .9

1 0 -8 4

4 .3

3 .7

3 .3

2 .8

1 .0

-1 .6

-* .8

1 1 -8 4

4 .6

4 .1

3 .9

3 .5

2 .2

0 .5

-Ò .3

Ò .5

7 .1

1 2 -8 4

4 .0

3 .6

3 .2

2 .8

1 .6

0 .2

-0 .5

0 .0

3 .0

-1 .0

1 -8 5

3 .9

3 .5

3 .2

2 .9

1 .8

0 .7

0 .2

0 .7

3 .0

1 .0

3 .0

lii.i
123.2
1 2 3 .5
1 2 3.3
12 2 .7

-* .?

1 2 3.4
12 3.3
1 2 3 .6
1 2 3 .7

2 -8 5

3 .7

3 .3

3 .0

2 .6

1 .7

0 .7

0 .3

0 .8

2 .5

1 .0

2 .0

1 .0

3 -8 5

3 .6

3 .2

3 .0

2 .7

1 .9

1 .0

0 .7

1 .1

2 .6

1 .5

2 .3

2 .0

2 .9

4 -8 5

3 .4

3 .1

2 .8

2 .5

1 .8

1 .0

0 .7

1 .1

2 .3

1 .4

2 .0

1 .6

¿ .0

1 .0

5 -8 5

3 .2

2 .8

2 .6

2 .3

1 .6

0 .9

0 .6

1 .0

2 .0

1.1

1 .6

1 .2

1 .3

0 .5

12 4.0
12 4.1
124.1

0 .0

6 -8 5

3 .1

2 .8

2 .6

2 .3

1 .6

1 .0

0 .8

1 .1

¿ .0

1.3

1 .6

1 .4

1 .5

1 .0

1 .0

2 .0

7 -8 5

2 .8

2 .5

2 .2

2 .0

1 .4

0 .7

0 .5

0 .8

1 .5

0 .9 "" 1 .1

0 .8

o .é

Ó .¿

6*0

0 .Ô

-1 .*

12 4.3

7 .0

12 4.1

8 -8 5

3 .1

¿ .7

2 .5

1 .7

1 .2

1 .1

1 .3

¿ .1

“l . r

l.è

" 1 .7

1 .8

1 .6

1 .7

2 .3

2 .4

9 -8 5

2 .8

2 .5

2 .3

2 .1

1 .6

1 .0

0 .9

1 .1

1 .8

l.y

1 .5

1 .3

1 .4

1 .1

1 .2

1 .5

1 .5

2 .4

-1 .0

2 -8 4

3 -8 4

4 -8 4

5 -8 4

6 -8 4

7 -8 4

8 -8 4

9 -8 4

1 0 -8 4 1 1 -8 4 1 2 -8 4

1-8 5

2 -8 5

3 -8 5

4 -8 5

5 -8 5

6 -8 5

7 -8 5

8 -8 5

1 2 4 .8P
1 2 4 .7P

I N I T I A L MONTH
P - PRELIMINARY




PREPARED BY FEDERAL RESERVE BANK OF S T . LOUIS
TE .TôéÉTT iô » l 9 è i

7

PERSONAL
RAT 10 S C A L E
TR I L L I O N S
3
3

OF

MONTHLY

DOLLARS

TOTALS

I NCOME
AT

SEASONALLY

ANNUAL

RATIO

RATES

TRILLIONS

ADJUSTED

OF

SCALE

DOLLARS
3.5
3.4
3.3
3.2
3. 1
3 .0
2.9
2.8

2.7
2.6
2.5
4
3
2
1
0

.9
.8

.7
.6

.5
.4
.3
I

.

. 2
SOURCE:
PERCEN TAGES ARE ANNUAL RATES OF CHANGE FOR PER IO D S
L A T ES T DATA PLO TTED t

U .S .

DEPARTMENT OF COMMERCE

IN D IC A T ED .

SEPTEMBER P R E L IM IN A R Y
PREPARED BY FED ERAL RESERVE BANK OF S T .

LO U IS

PERSONAL INCOME
COMPOUNOED ANNUAL RATES Of CHANGE
B ILL IO N S OF
DOLLARS
ANWja L f t A T Ïi

I N I T I A L MONTH

TERMINAL
MONTH
2 -8 4
3 -8 4
4 -6 4

9 ,6

3 -8 4

4 -6 4

5 -8 4

6 -8 4

7 -8 4

8 -8 4

9 -8 4

1 0 -8 4 1 1 -6 4 1 2 -6 4

1-85

2 -8 5

3 -6 5

4 -8 5

5 -8 5

6 -8 5

7 -8 5

2 ,9 4 0 .6
2 ,9 6 8 .5
2 ,9 7 8 .8

7 ,6

8 .1

6—84

8^8

9*3

7 .9

1 1 .7

J

12*0

5— $4

9*2

8*2

1 0 .3

8 .8

8 .5

8 .8

8 .0

9 .3

8 .1

7.-4

7 -8 4
8 -8 4

4 .2

3 ,0 0 6 .5
3 ,0 2 7 .7
3 ,0 4 5 .8
3 ,0 6 8 .3

9 -8 4

8 ,6

8*9

8 .3

9 .3

8 .5

8 .3

9 .2

1 0 -8 4

8 .1

8 .2

7 .6

8 .3

7 .4

7 ,0

6 .8

4 .4

U -8 4

8 .0

8 ,1

7 .6

8 .1

7 .4

7 .1

7 .0

5 .8

7 .3

1 2 -6 4

7*8

7 .8

7*3

7 .8

7 .1

6 .8

6 .6

5 .8

6 .5

5 .7

1 -8 5

7 .7

7*7

7 .3

7 .7

7 .1

6 .8

6 .7

6 .1

6 .6

6 .3

6 .9

6 .7

6 .2

6 .6

6 .4

6 .8

3 ,0 7 9 .3
3,0 97* 5
3 ,1 11* 8
3 ,1 2 9 .2
3 ,1 4 6 .0

2 -8 5
.

8 -8 5

7*2

7 .6

7*6

7 .2

7 .6

7 .0

6 .8

3r8 5

. 7*3

T.*3

6*9

7 .2

6 -7

6 .4

6 .3

5 .8

6 .1

5 .8

5 .8

5 .3

4 .0

7 *6

7*6

7*3

7*6

7 .2

7 .0

6 .9

6 .6

7 .0

6 .9

7 .2

7 .3

7 .6

A 1 .4

6*5

6*5

6*1

6 .2

5 .7

5 .4

5 .2

4 .7

4 .7

4 .3

4 .0

3 .3

2 .3

1 .4

-7 .6

6 -8 5

6*4

6*3

6*0

6 .1

5 .6

5 .3

5 .1

4 .7

4 .7

4 .4

4 .1

3 .6

2 .9

2 .5

-1 .7

4 .6

7 -6 5

6*3

6 .3

5 .9

6 .0

5 .6

5 .3

5 .1

4 .7

4 .B

4 .5

4 .3

3 .8

3 .3

3 .1

0 .5

4 .9

5 .1

8 -6 5

6 .2

6 .1

5 .8

5 .9

5 .5

5 .2

5 .0

4 .7

4 .7

4 .4

4 .2

3 .9

3 .4

3 .3

1 .4

4 .6

4*5

4 .0

9 -6 5

6 ,1

6 .0

5 .7 ___ 5 .8 ___ 5 .4 ____ 5 .1

4 . 9 _ 4 . 6 ____4 . 6 ___ 4 . 4 ___4 . 2
_

3 .9

3 ,5

3 .4

1 .9

4 .4

4 .3

3 ,9

2 -8 4

3—84

1-Ô5

2^5?

3F53

4 -8 5

5 -8 5

6 -8 5

7 -6 5

..4rA£__
5 -8 5

'

4—84

5 -8 4

6 -0 4

>84

8 -8 4

9 -8 4

1 0 -6 4 l l - è 4

E 2 -Ô 4

6 .6

3 ,1 5 6 .2
3 ,1 8 4 .7
3 ,1 6 3 .7
3 ,1 7 5 .7
3 ,1 8 8 .8
3 ,1 9 9 .3
3 .9 _____3 *2 0 9 .4 P
9 -Ö 5

r e r m rie s R T R

PRELIMINARY




W & À R E O SV W 0 W S L ”R E 5 tA V t ftAHK OF S T . LO UIS
OCTOBER 18» 19B5

8

RETAIL
RATIO

SALES

SCALE

BILLIONS

OF

1977

RATIO
DOLLARS

1978

SEASONALLY

1979

1980

BILLIONS

ADJUSTED

1981

1982

1983

SOURCE:
PERCEN T AG ES ABE ANNUAL RATES OF CHANGE FOR P ER IO D S
LA T E S T DATA PLO TTE D t

U .S .

OF

1984

SCALE

DOLLARS

1985

DEPARTMENT OF COMMENCE

IN D IC A T E D .

AU G U ST, SEPTEM BER ADVANCE ES TIM ATE
PREPARED BY FED ERAL R ESERV E BANK OF S T .

L O U IS

R E TA IL SALES
_________________________________ COMPOUNDED A NNUAL RAT E S O f CHAf*&£_________________________________

u
>
j

TER R I HAL__________________________________________________________________ IN I T I A L MONTH__________________________________________________________________ MILLIONS OF
DOLLARS
MONTH
a -8 4
2 -8 4
3 -8 4
4 -8 4
5 -8 4 6—84 7 -8 4
9 -8 4 10 -8 4 1 1 -8 4 1 2 -8 4
4 -6 5
5 -8 5
6 -6 5
7 -8 5
8 -6 5
1 -8 5
2 -8 5
1 -8 4

- -1 2 .8

4 -8 4

10.1

3 9 .2

5 -8 4

8 .6

2 1 .3

6 -8 4

9 .8

1 8 .6

9 .5

1 3 .5

7 - A4

4 .2

9 .0

0 .4

-2 .1

-1 5 .5

8 -8 4

3 .2

6 .7

-0 .1

-2 .0

-6 .9

-1 .8

9 -8 4

4 .3

7 .5

2 .1

1 .2

-2 .6

4 .6

1 1 .5

1 0 -8 4

4 .6

7 .4

2 .9

2 .3

-0 .3

5 .4

9 .1

6 .9

11—64

_5 .8

8 .3

4 .5

4 .3

2 .6

7 .7

1 1 .1

1 0 .9

1 5 .1

1 2 -8 4

4 .9

7 .1

3 .7

3 .4

1 .8

5 .6

7 .6

6 .3

6 .0

-2 .3

1 -8 5

5 .4

7 .4

4 .4

4 .2

3 .0

6 .4

6 .2

7 .4

7 .5

4 .0

1 0 .6

2 -8 5

6 .0

7 .9

5 .2

5 .2

4 .2

7 .3

8 .9

8 .4

8 .8

6 .6

1 1 .7

3 -8 5

5 .3

7 .0

4 .5

4 .4

3 .4

6 .0

7 .2

6 .5

6 .5

4 .4

6 .8

4 .9

-2 .6

4 -8 5

7 .8

9 .5

7 .4

7 .5

6 .9

9 .6

1 1 .3

1 1 .3

1 2 .0

11 .5

1 5 .2

1 6 .7

1 8 .7

4 4 .7

5 -8 5

6 .9

8 .4

6 .4

6 .4

5 .8

6 .2

9 .4

9 .1

9 .5

8 .6

1 0 .9

1 1 .0

10*3

1 7 .4

-4 .6

6 -8 5

5 .6

7 .0

5 .0

4 .9

4 .3

6 .3

7 .1

6 .6

6 .1

4 .4

6 .9

-6 ,1

- 1 1 ,4

7—85

5 .7

7 .0

5 .2

5 .1

4 .5

6 .4

7 .2

8 -8 5

7 .0

6 .3

6 .6

6*7

6 .2

6 .1

9 .0

9 -8 5

8 .5

9 .8

6 .3

8 .4

6 .1

1 0 .0

2 -8 4

3 -8 4

4 -8 4

5 -8 4

6 -8 4

7 -8 4

104.525
107.443
107,941

5 .7
109.085

107.563
10 7,396
108.373
108.974
110,255
110.042
110.972
112,09 6

1 2 .9

111*654
115*351

114,88 4
1 1 3,7 30

6 .6

5 .5

6 .8

6 .7

6 .7

5 .7

6 .9

6 .3

5 .0

7 .0

-3 ,2

-2 .4

7 ,5

8 .8

8 .9

8 .3

9 .7

9 .6

9 .0

1 1 .5

4 .5

7 .7

1 8 .6

3 1 .3

1 1 .0

1 0 .9

1 1 .3

1 0 .9

1 2 .5

1 2 ,6

1 2 ,8

1 5 ,5 _ 1Q .4

1 4 .6 ^ 4 , 9

34»i>

3 8 .0

6 -6 4

9 -8 4

1 0 -6 4 1 1 -6 4 1 2 -8 4

1 -8 5

2-6 5

3 -8 5

5 -6 5

7 -6 5

8 -6 5

4 -6 5

6 -8 5

11 4.417
U 7 .0 4 0 P
U ib 2 2 7 E

I N I T I A L MONTH
P - PRELIMINARY
-£=■ ESTIMATED____________________________________ ________________________________________________________________________________________________________________________
PREPAREO BY FEDERAL RESERVE BANK OF S T . LOUIS
0CT06ER I I , 1965




9

HOURLY COMPENSATION, BUSINESS SECTOR
CONFOUNDED ANNUAL RATES OF CHANCE
1977*100

I N I T I A L QUARTER

TERMINAL
QUARTER
4 -8 0

1 -8 1

2 -8 1

3 -6 1

4 -8 1

1 -8 2

2 -8 2

3 -6 2

4 -8 2

1 -8 3

2 -8 3

3 -8 3

1 -8 4

4 -8 3

2 -6 4

3—# 4

4 -6 4

1 -8 5

2 -6 5
1 3 9 .2

i-e i

10*7

2 -8 1

9 .0

7 .4

3 -8 1

9 .3

8 .7

1 4 1 .7
145*1

9 .9

147*6

4 -8 1

8 .8

8 .1

8 .5

7 .1

1—82

9 .2

8 .8

9 .2

8 .9

1 0 .7

2- « 2

8 .8

8 .4

8 .6

8 .2

8 .7

6 .8

1 5 1 .4
1 5 3 .9
1 5 6 .7

3 -8 2

8 .6

8 .2

8 .4

8 .0

8 .3

7 .1

7 .5

4 -8 2

8 .0

7 .7

7 .7

7 .3

7 .3

6 .2

5 .9

4 .4

1 -8 3

7 .7

7 .3

7 .3

6 .8

6 .8

5 .8

5 .5

4 .5

4#6

6 .0

5 .0

4 .6

3 .7

3 .3

2 .0

2 -8 3

7 .1

6 .7

6 .6

6 .1

1 5 8 .4
1 6 0 .2
1 6 1 .0

3 -8 3

6 .6

6 .2

6 .1

5 .6

5 .4

4 .5

4 .1

3 .3

2 .9

2 .0

2 .0

4 -8 3

6 .6

6 .2

6 .1

5 .6

5 .5

4 .7

4 .4

3 .8

3 .7

3 .3

4 .0

6 .1

1 -8 4

6 .5

6 .2

6 .1

5 .7

5 .6

4 .9

4 .7

4 .2

4 .2

4 .1

4 .7

6 .1

2 -8 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

1 .9

3 -8 4

6 .1

5 .8

5 .6

5 .3

5 .1

4 .6

4 .3

3 .9

3 .9

3 .8

4 .1

4 .6

4 .2

3 .1

4 .4

4 -8 4

6 .0

5 .7

5 .5

5 .2

5 .0

4 .5

4 .3

4 .0

3 .9

3 .8

4 .1

4 .6

4 .2

3 .5

4 .3

1 6 1 .6
1 6 4 .2
1 6 6 .7

6 .2

1 6 7 .5
1 6 9 .3
1 7 1 .1

4 .3

1 -8 5

5 .9

5 .6

5 .5

5 .2

5 .0

4 .6

4 .4

4 .1

4 .0

3 .9

4 .2

4 .6

4 .3

3 .8

4 .5

4 .5

4 .8

2 -8 5

5 .7

5 .5

5 .3

5 .0

4 .9

4 .5

4 .3

4 .0

3 .9

3 .9

4 .1

4 .4

4 .1

3 .7

4 .2

4 .1

4 .0

3 .3

3 -8 5

5 .7

5 .5

5 .4

5 .1

4 .9

4 .5

4 .4

4 .1

4 .1

4 .0

4 .3

4 .6

4 .3

4 .0

4 .5

4. 5

4 .5

4U

5*6

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 -6 2

1-8 3

2 -8 3

3 -8 3

4 -8 3

1—« 4

2 -8 4

3 -6 4

4 -8 4

1 -6 5

2 -6 5

1 7 3 .1
1 7 4 .5
1 7 6 .9P

IN I T I A L QUARTER
P - r * & u sm

*v

V sr?ryT r i r E a o c j H - f i M n
CONFOUNDED ANNUAL RATES C CHANCE
IF
TERMINAL
QUARTER

1

I N I T I A L QUARTER
4 -6 0

1 -6 1

v

1 -6 1

2 -6 1

3 -8 1

4 -6 1

1 -8 2

2 -6 2

3 -6 2

4 -8 2

1 -6 3

2 -6 3

1977*100
3 -6 3

4 -6 3

1 -8 4

2 -6 4

3 -6 4

4 -6 4

1 -8 5

2 -6 5
100*5

6 .2

100*6

0*4

2 -6 1

3*3

3 -6 1

3*4

2 .0

3 .6

4 -6 1

1 .3

-0 .3

-0 .6

-4 .6

1 -6 2

1 .5

0*4

0 .4

-1 .2

2 -8 2

0 .9

-0 .2

-0 .3

-1 .6

0*0

-2 .4

3 -6 2

1 .1

0 .3

0 .2

-0 * 6

0 .8

0 .0

2 .4

4 -6 2

1 .3

0*6

0 .7

0*1

1 .3

0 .9

2 .6

2 .8

101*5
1 0 0 .3
1 0 0 .9

2*4

1 0 0 .3
100*9
101*6

1 -6 3

1 .4

0*6

0 .9

0*5

1 .5

1 .3

2 .5

2 .6

2 .4

2 -6 3

1 .6

1 .4

1 .5

1 .2

2*2

2 .1

3 .3

3*6

4 .0

5 .6

1 0 2 .2

3 -6 3

1 .9

1 .5

1 .6

1 .4

2*3

2 .2

3 .2

3 .4

3 .6

4*2

3 .0

3 .1

3*3

1 0 3 .6
2 .7

104*3

4 -8 3

1 .9

1 .5

1*6

1 .4

2 .2

2 .1

2*9

2*1

1*5

1 -6 4

2*0

1 .7

1*6

1*6

2*4

2 .4

3 .0

3 .1

3*2

3*4

2 .7

2*7

3 .9

2 -6 4

2 .2

1 .9

2 .1

1 .9

2*6

2*6

3 .3

3 .4

3 .5

3*7

3 .3

3*5

4*4

5*0

2*4

2 .5

3*0

3 .1

3 .1

3*2

2 .6

2 .6

3 .2

2*9

2 .1

4 -6 4
1 -6 5
2 -6 5
3 -6 5

1 0 5 .7
1 0 7 .0
0 .7

1 0 7 .2

1 .9

o
•
(V
I

3 -6 4

1 0 4 .7

1*6

2 .2

1 .9

2*0

1*9

2 .5

2*5

3*0

3 .1

3 .1

3*2

2 .6

2 .6

3 .2

2 .9

1 .9

3 .0

1 .6

1 .6

1*6

1*5

2 .0

1*9

2 .3

2 .3

2 .3

2*3

1 .6

1 .7

1*7

1*1

-0 .1

-0 .6

-4 .0

1*6

1 .6

1*4

1*5

1 .9

1*9

2*3

2 .3

2*2

2*2

1*6

1 .6

1*6

1*2

0*3

0*1

-1 * 3

1*5

I* è

1*4

1*5

3U

0*6

0 .1

¿*3

3*0

3 -6 3

4 -6 3

1 -6 4

3 -6 4

4 -6 4

1 -6 5

2 -6 5

1*9

1*6

4 -* 0

1 -6 1

1 .7

1*6

2 .0

3“ 61

4 -6 1

2*0

¿*3

2 .3

2 .3

2*3

1 .9

2 -6 2

3 -6 *

4 -6 2

1-6 3

2 -6 3

1 0 6 .0
1 0 6 .9
1 0 7 .3
106*IP

o
1“ «

2 -6 4

I N I T I A L QUARTER
P - PRELIMINARY




PREPARED I Y FEDERAL RESERVE BANK OF S T . U A H *
OCTOBER 2 t , 1 M 5

10

P R O D U C T IV IT Y ,
RATIO

COMPENSATION,

AND LABOR CO STS

SCALE

RATIO

1977-100

1977

1978

19 79

1980

1981

1982

1983
»♦ M C E .

PERCf N T A 4 C S AltC A N M U L
L A TE S T »A T A

P L0TTE& t

R A T E S O f CH AM «£ F M

M l

M A IT E R

P tR ltO S

SCALE

1977-100

S E A S O N A L LY AO JU STEO

b

1984

1985

. s . » t f A n n t t ir r

of

la

*m

IW IC A T E D .

P*EL IM l MARY
P tE P A A E » » Y

FEDERAL RESERVE M W

#f

S T.

L O O tS

COMPOUNDED ANNUAL RATES OF CHANCE
1977*100

I N I T I A L QUARTER

TERM DIAL
QUARTER
4 -6 0

1 -8 1

2 -6 1

3 -8 1

4 -8 1

1 -8 2

2 -8 2

3 -8 2

4 -6 2

1-83

2 -8 3

3 -6 3

4 -6 3

1 -8 4

2 -8 4

3 -6 4

4 -6 4

1 -6 5

2 -6 5
1 3 8 .5

1 -8 1

4 .1

2—61

5 .6

7 .1

3 -4 1

5 .7

6 .5

5 .8

1 4 0 .9
1 4 2 .9
-

1 4 7 .1

4 -« l

7 .3

8 .4

9 .0

1 2 .3

1 -6 2

7 .5

6 .3

8 .7

1 0 .2

8 .1
8 .7

9 .4

1 5 0 .0
1 5 3 .4

2—*2

7 .6

8 .5

8 .9

9 .9

3—62

7 .4

7 .9

8 .1

8 .7

7 .5

7 .2

5 .0

4 -6 2

6 .6

7 .0

7 .0

7 .2

6 .0

5 .3

3 .3

1 .6

1—63

6 .1

6 .4

6 .3

6*4

5 .2

4 .5

3 .0

1 .9

2 .3

1 5 5 .3
1 5 5 .9
1 5 6 .8

2—63

5 .1

5 .3

5 .0

4 .9

3 .7

2 .9

1 .3

0 .1

-0 .6

-3 .5

3 -6 3

4 .6

4 .6

4 .4

4 .2

3 .1

2 .3

0 .9

-o .l

-0 .7

-2 .2

-0 .8

4 -6 3

4 .6

4 .6

4 .4

4 .2

3 .2

2 .6

1 .5

0 .6

0 .6

0 .0

1 .8

4 .5

1 5 5 .4
1 5 5 .1
1 5 6 .8

1 -6 4

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 -6 4

3 .9

3 .6

3 .6

3 .4

2 .5

1 .9

1 -0

0 .4

0 .3

-0 . 2

0 .7

1 .2

-0 .4

-3 .0

1 5 7 .7

3 -6 4

3 .9

3 .8

3 .6

3 .4

2 .6

2 .1

1 .3

0 .9

0 .6

0 .5

1 .3

1 .9

1 .0

0 .4

3 .9
2*4

1 .0

1 5 6 .5
1 5 8 .0

4 -6 4

3 .7

3 .4

3 .4

3 .2

2 .5

2 .0

1 .3

0 .9

0 .8

0 .6

1 .3

1 .7

1 .0

0 .6

1 -6 5

4 .0

4 .0

3 .8

3 .6

3 .0

2 .6

2 .0

1 .7

1 .7

1 .6

2 .4

2 .9

2 .6

2 .7

4 .6

5 .0

9 .1

2 -6 5

3 .9

3 .6

3 .6

3 .5

2 .9

2 .5

2 .0

1 .7

1 .7

1 .6

2 .3

2 .7

2 .5

2 .5

3 .9

3 .9

5 .4

1 .7

3 -6 5

3 .6

3 .6

3 .6

3 .4

2 .9

2 .5

2 .0

1 .6

1 .8

UT

2 .3

2 .7

2 .5

¿ .5

3 .6

3 .*

4 .4

2 .1

2 .5

4 -6 0

1 -6 1

2 -6 1

3 -6 1

4 -6 1

1 -8 2

2 -8 2

3 -6 2

4 -8 2

1-63

2 -6 3

3 -6 3

4 -6 3

1 -6 4

2 -6 4

3 -6 4

4—64

1 -8 5

2—6 5

1 5 8 .4
1 6 1 .9
1 6 2 .6
16 3 .6 P

I N I T I A L QUARTER
P - PRELIMINARY




PREPARB) BY PEOCRAL RESERVE BAMR OF S T . LO U IS

KTtti*
11

------------- — ----

CROSS NATIONAL PRODUCT IN CURRENT DOLLARS
COMPOUNDED ANNUAL RATES OF CHANCE
O ÌL L lÒ N i <W
DOLLARS
ÀMWUÀL ftÀTÉS-

I N I T I A L QUARTER

..T W f NAl
QUARTER
2 -6 1

1 -8 1

4 -8 0

3 -8 1

4 -8 1

1-8 2

2 -8 2

3 -8 2

4 -6 2

1 -6 3

2 -8 3

3 -8 3

4 -8 3

1 -6 4

2 -6 4

3 -8 4

4 -8 4

1 -8 5

2 -8 5
2 .8 7 5 .8

1 -8 1

2 2 .1

2 -8 1

1 3 .7

6 .0

3 -8 1

1 3 .5

9 .5

1 3 .1

4 -8 1

1 0 .7

7 .1

7 .7

1 -8 2

8 .4

5 .2

2 -8 2

2 .9 1 8 .0
3 ,0 0 9 .3
3 .0 2 7 .9

2 .5
1 .1

-0 .3

3 * 0 2 6 .0

7 .8

5 .1

4 .9

2 .3

2 .2

4 .7

3—82_

7 .0

4 .7

4 .4

2 .4

2 .3

3 .6

4 -6 2

6 .6

4 .6

1 -8 3

6 .6

5 .1

2 -6 3

7 .4

5 .8

3 -6 3

7 .6

6 .3

6 .3

4 -8 3

7 .8

6 .6

1 -6 4

8 .4

7 .3

3 .0 6 1 .2
2 .5

3* 0 8 0 .1

2 .7

2 .7

3 .7

3 .2

3 .9

3 .6

3 .6

4 .9

4 .9

6 .2

8 .5

4 .8

5 .2

6 .3

6 .7

6 .2

1 0 .4

1 2 .3

5 .5

5 .9

6 .9

7 .4

8 .7

1 0 .3

1 1 .2

1 0 .1

6 .7

6 .0

6 .5

7 .5

7 .9

9 .0

1 0 .4

1 1 .0

1 0 .3

1 0 .6

7 .4

6 .9

7 .4

8 .4

8 .9

10 .0

1 1 .3

1 2 .0

1 1 .9

1 2 .7

L O .l

1 1 .2

1 1 .7

1 1 .6

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

1 4 .9

3 ,6 4 4 .7

&
♦
o

4 .9

12 .8

3 -8 4

8 .3

7 .4

7 .5

7 .1

7 .5

8 .3

8 .7

9 .5

1 0 .4

1 0 .7

1 0 .3

1 0 .4

1 0 .3

8 .1

5 .6

4 -8 4

8 .3

7 .4

7 .5

7 .1

7 .5

8 .2

8 .6

9 .3

9 .9

10 .1

9 .8

9 .7

9 .5

7 .6

6 .4

7 .1

1 -6 5

8 .1

7 .3

7 .4

7 .0

7 .3

6 .0

8 .3

8 .9

9 .5

9 .6

9 .2

9 .0

8 .7

7 .2

6 .1

6*4

5 .6

2 -8 4

8 .5

7 .6

7 .7

7 .2

7 .7

8 .6

9 .1

1 0 .7

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

2 -8 5

7 .9

7 .1

6 .8

7 .1

7 .7

6 .0

8 .5

9 .0

9 .0

8 .6

8 .4

8 .0

6 .7

5 .7

5 .8

5 .1

4 .5

3 -8 5

7 .8

7 .1

6 .8

7 .1

7 .6

7 .9

8 .3

8 .7

6 .6

6 .4

8 .2

7 .8

6 .7

5 .9

6 .0

5 .6

5 .6

6 .7

M 3

H 3

1-S4

2-ft4

3-6 4

4-84

1-95

2 -« 5

V 6 Ô — 1=51— 2 h ïI— 3-Ö1

4-81— 1 = « — 2=æ — 3-ê2

4-62— 1-63

T -= IT

3 ,8 5 3 .1
3 , 9 1 6 . IP

---------------------------------------------------------------------------------------------- INITIAL QUOTES------------------------------ ---------------------------------------------------------P - M E ltM IM A ftV

CROSS NATIONAL PRODUCT IN 1972 DOLLARS
COMPOUNDED ANNUAL RATES OF CHANCE
TERMINAL
Q U AR T»
4 -6 0

1 -6 1

2 -6 1

3 -6 1

4 -8 1

1-8 2

2 -6 2

3 -6 2

M T r n qu a r t e r
ANNUAL RATES
4 -6 2
1 -6 3 2 -6 3
3 -6 3

B IL L IO N S OF
DOLLARS
4 -8 3

1 -6 4

2 -> 4

3 -8 4

4 -8 4

1 -6 5

2 H i 5_________ _______

1 -Ü 1 ____ 1O tO
1.5 1 1 * 7
1 ,5 2 2 .1

4 .0

1 .1

2*8

4 -6 1

1*6

-1 * 1

-1 * 4

-5 * 4

1 -6 2

0*3

-2 * 0

-2 * 5

-5 * 0

3 -8 1

1 .5 0 1 .3
-4 .7

1 .4 8 3 .5
1 ,4 8 0 .5

2 -6 2

0 .1

-1 * 7

-2 .1

-3 .6

-2 .8

-0 .8

3 -6 2

0 .0

-1 * 6

-1 * 6

-3 .0

-2 * 1

-0 .9

-0 .9

4 -8 2

0*0

-1 * 3

-1 * 5

-2 .3

-1 .5

-0 .4

-0 .2

1 -6 3

0 .4

-0 * 7

-0 * 8

-1 .4

-0 .5

2 -8 3

1*3

0*3

0*4

0*1

1 .0

3 -8 3

1*6

1*0

1*1

0 .9

1 .8

3 .0

2 .4

4 -6 3

2*1

1*4

1*6

1*5

1 .4 7 7 .1
0 .5

1 .4 7 8 .8

0 .5

1 .9

3 .3

1 .4 9 1 .0

2 .2

4 .3

6 .3

9 .4

3 .7

4 .9

6 .5

8 .1

6 .8

3 .4

4 .1

5 .1

6 .3

7 .4

6 .4

5 .9

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

1 -6 4

2 .7

2*1

2*3

2*3

3 .2

4 .2

4 .9

7 .1

8 .0

7 .6

8 .0

1 0 .1

2 -6 4

3 .0

2*5

2 .7

2 .7

3 .6

4 .5

5 .2

6 .1

7 .1

7 .9

7 .5

7 .7

6 .6

7 .1

3 -6 4

2 .9

2*4

2 .6

2 .6

3 .4

4 .2

4 .6

5 .5

6 .3

6 .6

6 .3

6 .1

6 .2

4 .3

1 .6

4 -6 4

3 .0

2*5

2 .8

2*8

3 .5

4 .2

4 .7

5 .4

6 .0

6 .4

5 .9

5 .7

5 .7

4 .3

2 .9

4 .2

1 .6 3 8 .6
1 .6 4 5 .2
1 ,6 6 2 .4
1 ,6 6 3 .5

1 -6 5

2*6

2*4

2*6

2*6

3 .2

3 .9

4 .3

4 .9

5 .4

5 .6

5 .1

4 .8

4 .6

3 .3

2 .0

2 .2

0 .3

2 -6 5

2 .8

2*4

2*5

2*5

3 .1

3 .7

4 .1

4 .6

5 .0

5 .2

4 .7

4 .4

4 .1

3 .0

2 .0

2 .1

1 .1

1 .9

3 -6 5

2 .6

2*4

2*6

2*6

3 .1

3 .7

4 .1

4 .5

4 .9

5 .0

4 .5

4 .3

4 .0

3 .0

2 .2

2 .4

1 .6

2 .6

3 .3

4 -6 0

1 -8 1

2 -6 1

3 -8 1

4—81

1-8 2

2 -6 2

3 -8 2

4 -6 2

1-6 3

2 -é i

1 -6 4

2 -6 4

3 -6 4

4 -6 4

1 -6 5

2 -6 5

1.6 7 1 * 3
1.6 64* 8P

IklTiAl OU a R T C F
P - PRELIMINARY




«É # À A É D ftV É Ë Ô Ô U L ftÉSEAVË AANK OP S T . LO U IS
OCTOBER 1 7 . 1965

12

GROSS

N AT I ONAL

PRODUCT

RAT 10 S C A L E
QUARTERLY TOTALS AT ANNUAL RATES
RATIO SCALE
TRI L L I O N S OF D O L L A R S
SEASONALLY ADJUSTED
T R I L L I O N S OF D O L L A R S
2
4
1
0

9
8
7

6
5
4
3
2

3
3

1

8
7
6

2
2
2

1. 9

2

.8

2
1.

1. 5
1. 4

1.

1.

.

1977

1978

1979

1980

1981

1982
SOURCE:

PERCENTAGES ARE ANNUAL RATES OF CHANGE FOR P E R IO D S

LATEST O M A PLOTTED,




QUARTER PRELIMINARY

U .S .

1984

1985

DEPARTMENT OF COMMERCE

IN D IC A T E D .

|y

13

1983

^

^

I

GENERAL
RATIO

PRICE

INDEX*

SCALE

1977
• A S USED

RATIO

1978
IN N ATIO NAL

1979

1980

1981

1983

SOURCE:

PERCEN T AG ES ARE ANNUAL RATES OF CHANGE FOR PER IO D S
L A T E S T DATA PLO TTED:

1982

INCOME ACCOUNTS

U .S .

1984

SCALE

1985

DEPARTMENT OF COMMERCE

IN D ICAT ED .

3RD OUARTER PR E L IM IN A R Y
PREPARED BY FED ERAL RESERVE BANK OF S T .

LO U IS

IM P L IC IT PRICE DEFLATOR FOR GROSS NATIONAL PRODUCT
_________________________________________________________________ CONPOUNPiP ANNUAL RATES OF CHANGE__________________________________________________________________
TERMINAL__________________________________________________________________ ENETIAI W A R TER _________________________________________________________________197? - 100
QUARTER
___________4 -0 0
1 -0 1
2 -6 1
3 -3 1
4 -0 1
1 -«
Z -X i
3 -8 2 * -0 2
1 -6 3 2~83 3 -8 3
4 -0 3
1 -6 4
2 -0 4
3 -8 4
4 -8 4
1 -8 5
2 -8 5 ________________

--- ±
2 -e i

8*7

6*5

3 -8 1

9*2

B*3

10*0

4—61

0 .9

8*3

9*2

0*3

1—82

f l.l

7*4

7 .6

6 .5

193*03
1 9 7 .7 0
2 0 1 .6 9
4 .6

2 0 3 .9 0
2 0 6 .7 7

2 -8 2

7*6

7*0

7*1

6*2

5 .1

5*6

3 -0 2

7 .0

6*4

6 .4

5*5

4 .5

4*5

3*4

4 -8 2

6*6

6*0

5 .9

5*1

*•3

4 .1

3*4

3*4

1 -9 3

6*4

5*0

5*7

5*1

4 .4

4 .4

4 .0

4 .2

5*0

2 -8 3

6 .0

5 .5

5 .4

4*7

4*1

4*0

3*6

3*7

3*0

2*6

3— 83

5 .7

5 .2

5 .1

4 .5

4*0

3*9

3*5

3*5

3*6

2*9

3*1

5*0

4*5

4 .0

3*9

3*7

3*7

3*0

3*4

3 .7

4 .4

4—83

5 .6

5*2

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

1 -8 4

5 .5

5 .1

5*0

4*5

4 .1

4 .0

3*0

3*0

3*9

3*6

4 .0

4 .4

4 .4

2 -8 4

5 .4

5*0

4 .0

4 .4

4 .0

3*9

3*7

3*7

3*0

3*6

3 .0

4 .0

3 .9

3 .3

3—8 4

5 .3

4*9

4*0

4*3

4*0

3*9

3*7

3 .0

3*0

3*6

3*0

4 .0

3 .9

3 .7

4*0

4 -8 4

5*1

4* 7

4 .6

4*2

3*9

3 .0

3*6

3 .7

3*7

3 .5

3 .7

3 .0

3 .6

3 .4

3*4

2*0

1 -8 5

5*1

4*0

4*7

4*3

4 .0

3 .9

3*0

3*0

3*9

3 .7

3*9

4 .0

4*0

3 .0

4 .0

4*0

5*4

2 -8 5

5*0

4* 7

4*5

4 .2

3*9

3*0

3*7

3*7

3*0

3 .6

3 .7

3 .0

3*7

3 .6

3 .7

3 .6

4*0

2 .6
3*3
2 -0 5

4*9

4* 6

4 .3

4*1

3 .9

3*0

4 -0 0

3 -6 ?

1 -0 1

2 -0 1

3 -0 1

4 -0 1

1—02

3*7
2 -«

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

3*7

3*7

3 .6

3 .7

3*0

3*7

3*6

3*6

3*5

3*0

3*0

3 -0 2

4 -0 2

1-0 3

2 -0 3

3 -0 3

4 -0 3

i —04

2 -0 4

3 -0 4

4 -0 4

1—05

2 3 0 .5 5
23 2.44 P

I N I T I A L QUARTER
P - PRELIMINARY




PREPAREO BY FEDERAL RESERVE 0AWC OF S T . LOUIS
OCTOBER 1 7 , 1985

14

PERSONAL CONSUMPTION EXP©© I TUR ES IN CURRENT DOLLARS
____________ COMPOUNDED ANNUAL RATES OF CHANGE______________
B ILL IO N S OF
DOLLARS
ANNUAL RATES

IN I T I A L QUARTER
Q U AR T«
4—80

1 -8 1

2 -6 1

3 -8 1

4—81

1 -8 2

2 -8 2

3 -6 2

4 -6 2

1-83

2 -6 3

3 -6 3

4 -6 3

1 -6 4

2 -8 4

3 -6 4

4 -6 4

1 -8 5

¿ -8 5
1» 7 9 7 ,9

i-n
2 -6 1
3 -6 1

10*5

9 .0

1 0 .9

4-61

. . ....

10*3

7 ,2

1 ,8 2 9 .3

6*6

7 .0

6 .9

3.1

1 ,8 7 7 .3
1 ,8 9 1 .6

!.•*.

7.5

5 .6

2 -6 2

6*2

7.2

7.2

6 .0

7*4

6*3

_ * -# 2

6r3

7 .4

7.5

6 .6

7*8

7*4

6*5

4-6 ?
....

1 -f 2

7 .4

6 .4

7 .7

7.8

7.1

6 .2

6 .0

6 .9

8*6

1 ,9 3 1 .3
1 ,9 6 0 .9
2 ,0 0 1 .3
9 .3

2 ,0 4 6 .1
2 ,0 7 0 .4

M 3

6 *0

7 .3

7 .3

6 .7

7.5

7 .2

7.5

7 .0

4*8

2-63

6*6

6 .1

6*2

7 .8

8*6

6*6

9.2

9 .5

9*6

14*5

3-63

6*5

6 .0

6*1

7 .8

8 .5

6*5

8 .9

9 .0

8*9

11*0

7 .6

4 -6 3

6*6

6 .2

8 .2

8*0

8*6

6*6

9*0

9 .0

9 .0

10 .4

6 .4

2 ,1 4 1 .6
2 ,1 8 1 * 4
2 ,2 3 0 * 2

9 .3

2 ,2 7 6 * 5

1 -6 4

6*6

6 .2

6*3

8 .0

8 .6

8*6

8 .9

9 .0

8 .9

10 .0

8 .5

8 .9

6 .6

2 -6 4

6 .7

8 .3

8 .4

8 .2

8 .7

8 .6

9 .1

9 .2

9 .1

10*0

8 .9

9 .4

9 .4

10*2

3 -6 4

6*5

8*1

6 .2

7 .9

8 .4

8 .4

8*6

8*6

8*5

9*2

8 .1

8 .3

7*9

7 .6

4 -6 4

6*3

8 .0

6 .0

7 .8

8 .2

8 .2

8 .4

8 .3

8 .2

8*7

7 .8

7 .8

7*5

7 .1

5 .5

6 .1

1 -6 5

6 .3

8 .0

8 .1

7*9

8 .2

8*2

8 .4

8*4

6 .3

8*7

7 .9

7 .9

7*7

7 .5

6*6

7 .3

6 .6

2 -6 5

6 .3

8*0

6*0

7 .9

8 .2

8 .2

8 .3

8*3

8*2

8*6

7 .9

7 .9

7*7

7 .5

6 .9

7 .5

8 .2

7 .8

3 -6 5

6 .2

7 .9

6 .0

7 .8

8*1

8 .1

8 .2

8 .2

8 .1

8*5

7 .8

7*8

7*6

7 .5

6 .9

7 .4

7 .9

7 .5

2 ,3 3 2 * 7
2 ,3 6 1 * 4

5 .0

2 ,3 9 6 * 5
2 ,4 4 6 .5
2 ,4 9 3 .0
7 .2

2 ,5 3 6 * 5 P

4 -6 0

1 -8 1

2 -6 1

3-81

4-61

1-82

2-82

3-62

4 -6 *

1-63

2-63

3—
63

4-63

1-64

2-64

3-84

4 -8 4

I —05

2-65

IS r T lA t ô ô À H T E * P - PRELIMINARY

PERSONAL CONSUMPTION EXPENDITURES IN 1972 DOLLARS
___________COMPOUNDED ANNUAL RATES OF CHANCE___________
B IL L IO N S OF
DOLLARS
ANNUAL RATES

IN I T I A L QUARTER

TERMINAL
QUARTER
4 -6 0

1 -6 1

2 -6 1

3 -8 1

4 -6 1

1 -6 2

2 -8 2

3 -6 2

4 -6 2

1-6 3

2 -8 3

3 -8 3

4 -6 3

1 -6 4

2 -8 4

3 -6 4

4 -8 4

1 -8 5

2 -6 5
950*2

1 -f l

4*4

2 -6 1

1*9

-0 * 5

3 -6 1

2 .2

1 .2

2 .6

4 -8 1

0 *7

-0 .5

-0 .5

-3 .7

1 -6 2

1*2

0*4

0 .6

—0*4

2 .9

2 -6 2

1*3

0 .7

1 .0

0*4

2*6

949*1
955*7
946*8
953*7
958*9

2 .2

964*2

3 -6 2

1*5

1*9

1*3

0 .9

2*5

2 .2

2 .2

4 -6 2

1*9

1*6

1 .9

1*7

3 .1

3 .2

3 .7

5 .1

2 .0

1*9

3 .0

3 .0

3*3

3 .8

2*6

9 7 6 .3
982*5

1 -6 3

2*0

1*7

2 -6 3

2*6

2 .6

3*0

3*0

4 .1

4 .4

4*9

5*8

6 .2

10.0

3 -6 3

2*9

2 .7

3 .1

3*1

4 .1

4 .3

4*7

5 .3

5*4

6*9

3 .8

4 -6 3

3 .2

3 .1

3*4

3 .5

4*4

4*6

5 .0

5 .6

5*7

4 .8

5 .3

1 ,0 0 6 * 2
1 ,0 1 5 .6
6 .8

1 ,0 3 2 * 4
1,0 4 4 * 1

1 -6 4

3*3

3 .2

3*5

3*6

4*4

4

5 .0

5 .5

5 .5

6*3

5*1

5 .7

4*6

2 -6 4

3*6

3 ,5

3*9

4 .0

4*8

5 .0

5 .3

5 .8

5 .9

6*4

5*8

6 .4

6*3

7 .9

3 -6 4

3*4

3*3

3*6

3*7

4 .4

4 .5

4 .8

5 .1

5 .1

5*6

4 .7

5*0

4 .3

4*2

1 ,0 6 4 * 2
0*6

1 ,0 6 5 * 9

4 -6 4

3*4

3*4

3*6

3*7

4*3

4 .5

4*7

5 .0

5 .0

5*3

4 .5

4 .7

4*2

4*0

2*1

3 .6

1 -6 5

3*5

3*5

3*7

3 .8

4*6

4 .5

4 .7

5 .0

5*0

5*3

4 .6

4*8

4*4

4*3

3 .1

4 .4

5 .2

2 -6 5

3*6

3 .6

3*8

3 .9

4*4

4*6

4 .7

5 .0

5 .0

5*2

4 .7

4*8

4*5

4*4

3 .6

4 .6

5*0

4*9

4*5

4 .5

3*6

4*6

5 .0

4*9

4 -6 3

1 -6 4

2—64

3 -6 4

4 -6 4

3*7

3*6

3*9

3 .9

4*5

4 .6

4—SO

3 -6 5

1-61

2 -6 1

3 -6 1

4 -6 1

1 -6 *

4 .6

5 .0

5 .0

5*2

4 .7

4*6

4-62

1-63

2-63

3 -6 3

1 ,0 7 5 * 4
1 ,0 6 9 * 1

1 -»

1 ,1 0 2 .1
4 .6

1 ,1 1 5 .2 P

2 -6 5

IN I TIM. QUARTER
P - PRELIMINARY




MtEPAftBF W FCOEftAL JtFSSIT? SANK O f ST. LOUIS
OCTOBER 1 7 , 1965

15

GROSS PRIVATE DONESTIC DIVESTMENT IN CURRENT DOLLARS
B ILL IO N S OF
DOLLARS
ANNUAL RATES

I N I T I A L QUARTER

TERMINAL
QUARTER
4 -8 0

1 -6 1

2 -6 1

3 -6 1

4 -6 1

1 -6 2

2 -6 2

3 -8 2

4 -6 2

1 -6 3

2 -6 3

3 -6 3

4 -6 3

1 -6 4

2 -6 4

3 -6 4

4 -6 4

1 -8 5

2 -6 5
4 6 8 .1

i-« l

67*1

2 -6 1

36*6

1 1 .6

3 -6 1

31*6

1 6 .8

4 -6 1

1 7 .0

3 .9

1 -6 2

4*7

-6 .8

2 -6 2

3*1

—6 . 4 - 1 0 . 4 - 1 9 . 2

-1 9 .9

-4 .5

0 .6

-7 * 6 -1 1 * 0 - 1 7 . 6 -1 7 . 8

-9 .1

3 -6 2

4 6 1 .1
5 0 5 .8

2 2 .2

4 8 1 .7

0 .2 - 1 7 . 7
-1 2 * 2 - 2 5 . 6 - 3 2 .8

4-6 2

-4 * 4 - 1 1 . 7 - 1 5 . 1

1-63

-0 .7

-7 .0

-9 .4

2 -6 3

3 .6

-1 .8

-3 .3

-2 1 .1

4 3 1 .2
4 1 5 .9

-1 3 * 5

- 2 1 . 9 -1 7 . 9 -2 3 * 9 -3 3 .1

- 1 3 . 8 -1 3 * 0
—6 .5

4 3 6 .2

-4 * 5

3 7 6 .2

-7 .2

-6 * 0

-5 .2

2 .5

4*3

1 0 .9

4 2 .8

4 0 5 .0

3 4 .3
5 1 .9

4 4 9 .6
4 9 1 .9

3 -6 3

6 .7

2 .0

1 .0

-1 .4

1*2

8 .3

11*1

1 8 .3

4 3 .0

4 7 .5

4 3 .3

4 -6 3

9 .5

5 .3

4 .7

3 .0

5 .9

1 3 .0

16*2

2 3 .2

4 3 .5

4 6 .8

4 4 .3

4 5 .2

1—6 4

1 3 .6

1 0 .0

9 .9

8 .7

12*2

1 9 .6

23*5

3 1 .0

49*9

5 4 .0

5 4 .7

6 0 .8

76*1

4 0 .6

41*9

39*5

3 8 .2

34*8

2*1

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

2 -6 4

12*6

9 .4

9 .2

8 .1

11*1

17 .5

20*6

2 6 .4

3 -6 4

1 3 .5

10*4

1 0 .4

9 .4

12*3

16*2

21*1

2 6 .2

3 8 .2

38*9

3 6 .4

34*7

31*4

1 2 .9

4 -6 4

11 *6

8*6

8*4

7 .4

9*8

14*8

17*0

2 0 .9

3 0 .2

2 9 .6

2 6 .3

2 3 .1

18*1

3*0

3 .5 - 1 4 . 3

8 .2

7 .3

9*5

14*0

15*9

1 9 .3

2 7 .2

2 6 .4

2 3 .1

2 0 .0

15*5

3*7

4 .2

-4 .8

1 -6 5

8*4

11*2

2 4 .9

6 6 2 .8
6 3 7 .8
5 .6

6 4 6 .8

2 -6 5

1 0 .4

7*8

7 .5

6 .6

6*6

12*7

14*3

17 .2

2 3 .9

2 2 .6

1 9 .6

16*6

12*4

2*5

2 .6

-3 .9

1 .7

-2 .2

3 -6 5

9 .1

6*6

6 .3

5 .3

7 .1

10*7

1 2 .0

1 4 .4

2 0 .1

18 .6

1 5 .6

12*5

8*5

-0 * 1

-0 .5

-6 .0

-3 .1

-7 .3

-1 2 .1

4 -6 0

1-61

2-61

3 -8 1

4 -8 1

1-8 2

2-62

3-62

4-62

1-63

2-63

3-63

4 -6 3

1-64

2 -6 4

3-64

4-64

1 -6 5

2 -6 5

6 4 3 .2
6 2 2 .8P

INITIAL QUARTER
P - PRELIMINARY

GROSS PRIVATE 00*6S T IC INVESTMENT IN 1972 DOLLARS
B IL L IO N S OF
DOLLARS
ANNUAL RATES

I N I T I A L QUARTER

TERMINAL
QUARTER
4 -8 0
1 -6 1
2 -6 1

1 -6 1

2 -6 1

3 -8 1

4 -6 1

1 -8 2

2 -6 2

3 -6 2

4 -6 2

2 -6 3

1-6 3

3 -6 3

4 -8 3

1 -6 4

2 -0 4

3 -6 4

4 -6 4

1 -6 5

2 -6 5
2 2 6 .5

40*2
22*9

2 3 2 .8

7 .7

2 3 6 .5

3 -6 1

1 6 .5

8 .9

1 0 .2

4 -6 1

6*5

-2 .6

-7 .7

-2 2 * 6

1 -6 2

-2 .0

-1 0 .4 -1 5 .8

-2 6 .3

2 -6 2

-3 .1

- 1 0 . 0 - 1 3 . 9 -2 0 * 7 - 1 9 . 7
-1 3 .5

2 2 3 .7
2 0 4 .7

-2 9 .9

-1 6 * 5 -1 7 . 1

-6 .1

2 0 0 .4

- 9 . 9 -1 1 * 6

1 9 4 .3

3 -6 2

-4 * 3 - 1 0 . 2

4 -6 2

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

1 -6 3

-6 .5

1 7 7 .8

-6 * 0

-3 .1

1 9 1 .3

3 4 .0

2 1 2 .6

2 -6 3

0*5

-3 * 2

-4 * 4

-6 .4

-3 .3

3 .1

6*1

1 2 .8

4 3 .0

5 2 .5

3 -6 3

3*5

0*4

-0 .4

-1 .7

1 .8

8 .3

11*9

1 6 .7

4 1 .4

4 5 .3

3 8 .4
3 7 .0

4 -6 3

5*9

1 -6 4

9 .9

7 .7

7 .7

7 .5

2 -6 4

9 .0

6 .9

6*6

6 .5

3 .2

2 .8

2*0

2 3 0 .6
2 4 9 .5

1 2 .0

15*7

2 2 .1

4 0 .3

4 2 .5

3 7 .7

1 1 .5

1 8 .1

22*4

29*2

4 6 .1

4 9 .2

4 6 .2

5 3 .3

7 1 .5

1 0 .0

15*6

19*0

2 4 .2

3 6 .6

3 7 .1

3 3 .5

3 1 .9

2 9 .5

-2 .2

19*7

24*3

3 4 .9

3 5 .0

3 1 .8

3 0 .2

2 8 .0

1 0 .6

16*2

2 .1

4 .3 - 1 3 . 0

5 .6

2 8 5 .5
2 8 3 .9
3 0 0 .2

2 5 .0

3 -6 4

1 0 .0

8 .1

6*1

6 .0

1 1 .3

16*6

4 -6 4

6 .4

6 .6

6*5

6 .2

9 .0

13*5

15*9

19*5

2 7 .7

2 6 .6

2 3 .0

2 0 .1

1 -6 5

6*1

6 .3

6 .2

6 .0

6 .6

12*6

14*7

1 7 .7

2 4 .7

2 3 .6

1 9 .9

1 7 .1

1 3 .4

2 .3

3 .9

-5 .3

3 .1

2 -6 5

7 .4

5 .7

5*6

5 .3

7 .6

1 1 .3

13*0

1 5 .6

2 1 .5

2 0 .2

1 6 .7

1 3 .9

1 0 .4

1 .1

2 .0

-4 .7

-0 .3

-3 .5

3 -6 5

6 .1

4 .5

4*3

3 .9

6 .0

9 .2

1 0 .4

1 2 .7

1 7 .7

1 6 .1

1 2 .7

9 .6

6 .4

-1 .7

— 1 *6

-7 .4

-5 .4

-9 .4

-1 4 .8

4 -8 0

1 -6 1

2 -6 1

3 -6 1

4—61

1-6 2

2 -6 2

M 2

4 -6 2

1 -6 3

2 -6 3

3 -6 3

4 -6 3

1 -6 4

2 -6 4

3 -6 4

4 -6 4

1 -6 5

2 -6 5

in it ia l

c k m a te*

P - PRELIMINARY




OCTOBER 17» 1965

16

2 6 9 .9
2 9 2 .1
289*5
2 7 8 . IP

GOVERNMENT PURCHASES OF GOODS ANO SERVICES IN CURRENT DOLLARS
____________
COMPOUNDED ANNUAL RATES OF CHANGE_____________________
TERMINAL
QUARTER

in it ia l

* -8 0
. ..

1 -8 1

2 -8 1

3 -6 1

4 -6 1

1 -8 2

2 -8 2

3 -6 2

* -8 2

BILLIONS ~W

q u a r ter

1-63

2 -6 3

3 -6 3

* -6 3

1 -6 4

2 -6 *

3—6 *

4 -6 4

1 -6 5

DOLLARS
■ n m m . ftA T tr
2 -8 5
5 7 6 .6

i-n

13 .2

z -n

9 .6

4 .2

5 8 5 .3

3—61

1 0 .2

8 .6

u .*

6 0 1 .3

4 -6 1

u .*

1 0 .6

13 .2

1 5 .0

1 -6 2

1 0 .2

9 .4 _ 1 0 .5

1 0 .1

5 .*

2 -6 2

8 .7

7 .2

3 .6

7 .8

8 .3

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

6 3 3 .7
6 5 6 .3

3 -f 2

9 .6

9 .0

9 .6

9 .1

7 .3

8 .2

1 5 .0

* -6 2

1 0 .*

1 0 .0

1 0 .6

1 0 .5

9 .4

1 0 .7

1 5 .5

1 5 .9

1 -6 3

9 .0

8 .5

8 .6

8 .*

7 .1

7 .6

9 .6

7 .0

2 -6 3

8 .3

7 .8

6 .0

7 .5

6 .3

6 .5

7 .7

6 8 1 .0
6 7 8 .8

-1 .3

6 8 2 .2

2 .0

6 8 9 .8

3 -6 3

7 .9

7 .*

7 .6

7 .1

6 .0

6 .1

7 .0

5 .1

1 .7

3 .3

* .5

* -6 3

7 .3

6 .8

6 .9

6 .*

5 .*

5 .*

6 .0

* .3

1 .5

2 .5

2 .7

0 .9

5 .6

5 .7

6 .2

* .8

3 .8

* .*

4 .3

1 -6 *

6 .9

7 .*

7 .0

6 .5

6 9 1 .4
7 0 4 .4

7 .7

7 4 3 .7

7 .6

9*0

1 0 .6

1 5 .7

2 * .3

6 .6

7 .9

9 .1

1 0 .3

1 3 .6

1 6 .7

9 .6

7 .1

8 .3

9 .4

1 0 .*

1 2 .9

i* .7

1 0 .1

1 0 .7

6 .9

8 .0

8 .9

9 .6

11.5

1 2 .*

8 .7

6 .3

8 .2

9 .0

9 .7

11.2

1 1 .9

9 .0

8 .8

7 .9

9 .9

6 .8

8 .2

9 .2

1 0 .0

1 0 .7

12 .2

1 3 .0

1 0 .9

1 1 .2

1 1 .3

1 4 .1

1 8 .4

* -6 2

4 -6 2

l-* 3

2 -6 3

3—83

4—83

1 -8 4

2 -8 4

3 -6 4

4 -6 4

1 -8 5

2 -8 5

2 -6 *

8 .5

8 .1

8 .3

8 .0

7 .4

7 .6

8 .3

7 .*

3 -8 *

8 .6

8 .3

8 .*

8 .2

7 .6

7 .8

8 .5

7 .7

* -8 *

8 .7

8 .*

8 .6

6 .*

7 .8

8 .0

8 .7

1 -8 5

8 .5

8 .3

8 .*

6 .2

7 .7

7 .9

8 .*

7 .8

2 -8 5

8 .6

8 .*

6 .5

8 .3

7 .8

6 .0

8 .6

8 .0

3 -8 5

9 .1

8 .9

9 .1

8 .9

8 .5

8 .7

9 .3

4 -8 0

1-8 1

2—61

3 -8 1

*—81

1 -8 2

2 -8 2

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

6 .0

8 1 0 .9
8 4 5 .9 P

INITIAL OUAATEft
PRELIMINARY

GOVERNMENT PURCHASES OF GOODS AND SERVICES IN 1972 DOLLARS
TERMINAL
QUARTER
4 -8 0
1 -6 1

B IL L IO N S OF
DOLLARS
ANNUAL RATES

IN IT IA L QUARTER
1 -6 1

2 -6 1

3 -6 1

4 -6 1

1-8 2

2 -8 2

3 -8 2

4 -6 2

1-83

2 -8 3

3 -8 3

4 -8 3

1 -8 4

2 -8 4

3 -« 4

4 -6 4

1 -8 5

2 -6 5
2 8 6 .0

5 .0

2 8 5 .1

2 -6 1

1 .8

-1 .3

3 -6 1

2*3

1 .0

3 .3

4 -8 1

2 .5

1 .7

3 .2

2 8 7 .4
2 8 9 .6

3 .1

2 9 0 .2

1 -8 2

2 .2

1 .5

2 .4

2 .0

0 .8

2 -6 2

1+1

0*3

0 .7

-0 .2

-1 .8

-4 .3

3 -8 2

2 .1

1 .6

2 .2

1 .9

1 .5

1 .8

8 .3

4 -8 2

3 .2

2 .9

3 .6

3 .7

3 .8

4 .8

9 .7

1 1 .1

l-« 3

1 .8

1 .4

1 .8

1 .6

1 .3

1*4

3 .4

1 .0

2 -6 3

1 .4

1 .0

1 .3

1 .0

0 .6

0 .6

1 .9

3 -6 3

1 .2

0 .8

1 .1

0 .8

0 .5

0 .4

1 .4

4 -6 3

0*7

0 .4

0 .5

0 .2

-0 * 1

-0 * 3

0 .4

1 -6 4

0 .6

0 .4

0 .6

0 .3

0 .0

-0.1

0 .5

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

2 9 4 .3

-0 .2

-5 .4

—2 .6

2 9 2 .4

-0 .3

-3 .8

-1 .6

-0 ,5

-1 .1

-3 .9

-2 .5

-2 .4

-4 .3

-0 .8

-3 .0

-1 .6

-1 .3

-1 .7

2 9 2 .0
2 8 6 .8
2 8 9 .5

1 .0

2 -6 4

1 .9

1*7

1 .9

1 .6

1*7

1*8

2 .6

1 .8

0 .3

2 .1

3 .3

4 .6

9 .4

1 8 .6

3 -6 4

2 .2

2*0

2 .2

2*1

2 .Q

2 .2

2 .9

2 .2

1 .0

2 .7

3 .7

4 .8

6 .1

1 1 .6

5 .4

4 -6 4

2 .4

2 .2

2 .5

2 .4

2*3

2 .5

3 .2

2 .6

1 .6

3 .1

4 .1

5 .0

7 .5

9 .8

5 .6

1 -6 5

2 .3

2 .1

2 .3

2 .3

2*2

2*3

2*9

2 .4

1 .5

2 .7

3 .5

4 .2

6 .0

7 .3

3 .8

o
«

0 .3

2 -6 5

2 .3

2*2

2 .4

2 .3

2 .3

2 .4

3 .0

2 .5

1 .7

2 .6

3 .5

4 .1

5 .6

6 .6

3 .8

3 .2

1 .9

3 .7

3 .9

3 .6

2 .9

4 .1

4 .9

5 .6

7 .1

8 .1

6 .2

6 .3

6 .5

9 .8

1 6 .2

2 -8 2

3 -6 2

4 -6 2

1-6 3

2 -6 3

3 -6 3

4 -6 3

1 -8 4

2 -6 4

3— 64

4 -8 4

1 -6 5

2 -8 5

3*0

2*9

3*2

3*2

3*1

4 -8 0

3 -ft5

3 .3

1 -8 1

2 -6 1

3 -6 1

4 -6 1

1 -8 2

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

IN IT IA L Q U A R T «
P - PRELIMINARY




OCTOBER 17» 1905

17

3 1 0 .5
3 1 0 .7
3 1 3 .5
3 2 5 .5P

DISPOSABLE PERSONAL INCOME IN CURRENT DOLLARS
______ COMPOUNDED ANNUAL RATES OF CHANCE_________
TERMINAL
Q U AR T«

B ILL IO N S OF
DOLLARS
ANNUAL RATES

I N I T I A L QUARTER
4 -8 0

1 -8 1

1—81

1 0 .5
1 2 .1

u .o

1-82

M 2

.4 -8 2

1-8 3

2-43

3 -8 3

4 -8 3

.1.-64 _?~44.

3 -8 4

4—8 4

1 -8 5

2 -8 5

7 .0

3 -8 1

3“ 8 1 ... 4 - 8 L

1 4 .2

2 -8 1

2 -8 1

4 -8 1
. 1-82
2 -8 2

L Q tt

1*972 .5
2 * 0 0 6 .0
1 5 .3

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

6 tl

. 9 ,4

5.t3_

8*1

8*5

5*2

4 .3

8 .5

7 .*

7 .5

5 .0

4 .5

4 .7

7 .4

T il?

5t6 _ ? f5

6.1

7 f4
7 .8

3 -8 2

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

<ul

.. 6*7

7 .6

5 .7

6.1

6 .5

6 .1

4.3

6 .0

6 .4

6 .8

6 .6

5 .9

7 .5

6 .8

7 .2

7 .7

7 .8

7 .8

9 .6

7 .3

7 .7

8 .2

8 .4

8 .5

10 .0

1 1 .2

1 0 .7

7 .9

8 .3

8 .9

9 .1

9 .4

1 0 .6

1 1 .7

1 1 .7

1 2 .7

8 .4

8 .8

9 .0

9 .2

10.2

1 0 .9

1 0 .7

1 0 .6

8 .6

9 .1

9 .9

1 0 .4

1 0 .1

9 .9

8 .5

8 .4

4 -8 2

4*3...

7*5

7i _6

1 -8 3

7 .8

7 .1

7 .1

.2 -0 3

_J Z . f i -

7»JL_

7*1

3 -8 3

8 .2

7 .6

7 .6

4 -8 3

8 .4

7 .9

7 .9

7 .2

1 -8 4

8 .7

8 .3

8.4

7 .7

2 -8 4

8 .7

8 .3

8 .4

7 .8

7 .9

J> tL _.
5 .8

6 .7

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 4 .3

3 -8 4

8 .7

8 .3

8 .4

7 .8

8 .0

8 .4

8 .8

8 .9

4 -8 4

8 .5

8 .1

8 .2

7 .7

7 .8

8 .1

8 .5

8 .6

8 .7

9 .4

9 .7

9 .3

8 .9

7 .7

7 .2

6 .0

1 -8 5

8 .1

7 .7

7 .8

7 .2

7 .3

7 .6

7 .8

7 .9

7 .9

8 .3

8 .5

7 .9

7 .4

6* 1

5 .3

3 .7

1 .6

2 -8 5

8 .3

7 .9

8 .0

7 .5

7 .6

7 .9

8 .1

8 .2

8 .2

8 .7

8 .8

8 .4

8 .0

7 .1

6 .7

6 .2

6 .3

1 1 .2

3 -8 5

7 .7

7 .3

7 .4

6 .9

6 .9

7 .1

7 .3

7 .3

7 .3

7 .5

7 .5

7 .0

6 .5

5.5

4 .9

4 .1

3 .4

4 .4

-2 .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

1 -8 4

¿ -8 4

3 -8 4

4 -8 4

1 -8 5

¿—65

2 ,6 0 6 .4
2 ,6 4 4 .5
2 ,6 5 4 .8
2 ,7 2 6 .5
2 ,7 1 2 .6 P

I N I T I A L QUARTER
P - PRELIMINARY

DISPOSABLE PERSONAL INCOME IN 1972 DOLLARS
COMPOUNDED ANNUAL RATES Of CHANCE
----------------------------- ----------------------------------------------------------------------------------------------------------------------------------------- B ILL IO N S OF
--------------------------------------------------------------------------------------------------------------------------TERMINAL__________________________________________________________________ I N IT IA L QUARTER_______________________________________________________________ DOLLARS
ANNUAL RATES
QUARTER
1 -8 4
2 -8 5
2 -8 4
3 -8 4 4 -8 4
1 -8 5
3 -8 3
4 -8 3
1 -8 3 2 -8 3
3 -8 2 4 -8 2
4 -8 1
2 -8 2
4 -8 0
1 -8 1
2 -8 1
3 -8 1
1-8 2
1 ,0 4 2 .5

1 -8 1

5 .1

2 -8 1

2 .2

-0 .7
3 .0

6 .9

1 ,0 4 0 .7
1 ,0 5 8 .1

3 -8 1

3 .7

4 -8 1

2 .6

1 .7

3 .0

-0 .8

1 -8 2

1 .8

l.o

1 .6

-1 .0

2 -8 2

1 .6

0 .9

1 .4

3 -8 2

1 .6

1 .0

4 -8 2

1 .8

1 ,0 5 6 .0
-1 .2

1 ,0 5 2 .8

—0 *4

-0 .2

0 .8

1 ,0 5 4 .8

1 .3

0 .0

0 .2

1 .0

1 .2

1 .4

1 .7

0 .7

1 .1

1 .9

2 .4

3 .7

1 -8 3

1 .9

1 .5

1 .8

0 .9

1 .3

1 .9

2 .3

2 .9

2 .1

2 -8 3

2 .0

1 .7

2 .0

1 .3

1 .6

2 .2

2 .6

3 .0

2 .7

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

3 .4

1 ,1 0 2 .2

3 -8 3

2 .5

2 .3

2 .6

2 .1

2 .5

3 .1

3 .6

4 .2

4 .3

5 .5

7 .7

4 -8 3

3 .0

2 .8

3 .1

2 .7

3 .2

3 .8

4 .3

5 .0

5 .3

6 .4

8 .0

8 .3

1 -8 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

8 .6

2 -8 4

3 .6

3 .5

3 .8

3 .6

4 .0

4 .6

5 .1

5 .7

6 .0

6 .8

7 .7

7 .7

7 .4

6 .3

3 -8 4

3 .6

3 .5

3 .8

3 .6

4 .0

4 .5

5 .0

5 .5

5 .7

6 .3

6 .9

6 .7

6 .2

5 .1

3 .9

4 -8 4

3 .6

3 .5

3 .8

3 .6

4 .0

4 .4

4 .8

5 .2

5 .4

5 .9

6 .4

6 .1

5 .6

4 .6

3 .7

3 .5

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

1 -8 5

3 .3

3 .2

3 .5

3 .2

3 .5

3 .9

4 .2

4 .5

4 .4

4 .9

5 .2

4 .8

4 .1

3 .0

1 .9

0 .9

-1 .6

2 -8 5

3 .6

3 .5

3 .7

3 .5

3 .9

4 .3

4 .5

4 .9

5 .0

5 .3

5 .5

5 .2

4 .7

4 .0

3 .4

3 .3

3 .2

8 .2

3 .6

3 .9

4 .1

4 .1

4 .3

4 .4

3 .4

2 .6

1 .9

1 .4

0 .7

1 .8

-4 .1

l - * 2 _ 2-42

M2

4-42

1 -«

2 -W

M 4

4 -«4

1 -«

2 -«

3 .1

3 .0

3 .3

3 .0

3 .3

-------------- *-8Ó

t-8 i

M i

3-41

4-41

3 -8 5

4 .0

« 3

F U

1 ,2 0 5 .3
1 ,1 9 2 .6P

INITIAL QUARTER
P - PRO. I MINA A y




~

PtEEAHEO BVTEP E m RESERVE ftAf* OP ST* LOUIS
OCTOBER 1 7 , 1985

18

C O «POMATE PROFITS A FTE* TAXES*
COMfOOWOeO AMMUAL RATES Of CHANCE
TERMINAL
Q U AR T«

B IL L IO N S OF
DOLLARS
ANNUAL RATES

IN IT IA L QUARTER
3 -8 0

4^9 0

4 .5

1-91

2 -9 1

3 -8 1

4 -9 1

1-9 2

2 -9 2

3 -9 2

1 -9 3

4-62

2 -8 3

3 -9 3

4 -9 3

1 -9 4

2 -8 4

3 -9 4

4 -9 4

1 -9 5

-0 .5

i-e i

4 -9 0

146 + 7
150+2

9 .9

135+4

- 1 0 . 3 - 1 4 . 9 -3 4 + 0
3—91
4~9*

-5 .t k

-4 .6

-1 3 + 9

-4 + 5

- 9 . 0 -1 3 .3

-0 .6

1 3 9 .4

1 2 .4

135+0

-1 2 .0

1 -9 2

- 2 0 . 2 -2 3 + 6 - 3 0 . 3 - 2 9 . 0 -4 3 + 6 - 6 3 . 9

2 -e z

-i* t

-2 3 + 9 -21+0 -2 9 + 8 -3 7 + 3

104 + 7
106+9

9 +7

107+0

3 -9 2

- 1 4 . 7 -1 6 + 5 -2 0 .2 -1 7 + 2 -2 3 + 2 —2 6 .7

4 .4

4 -8 2

20.4 -1 7 + 9 -2 2 +8 -2 5 +3
-1 5 .4 -17+1 —

-4 .9

1—« 3

-1 3 * 4 -1 4 + 7 -1 7 * 4 -1 4 + 7 -1 9 + 5 -1 9 . 7

-2 .0

-5 .3

-9 +1

0 .4

1 0 0 .8

-1 1 + 1 -2 1 +2

1 0 2 .6

7+3

1 2 3 .4

2 -8 3

-6 .1

- 6 +7

-8 .4

- 4 +5

-6 + 7

-5 + 9

1 4 .0

15+4

20+9

4 9 .9 1 0 9 .3

3 -9 3

-l+ o

-l+ o

-2 .1

2+3

1 +1

3+2

22+9

25+9

33+3

58.9

93 +2

7 8 .3

4 -8 3

-1 .2

-1 + 3

-2 .2

1 +7

0+5

2+2

19+6

20+3

24+9

4 0 .0

52 +9

3 0 .7

-4 .1

1 4 2 .6
141 + 1
150+6

1 -8 4

0+7

0+9

0+1

3+9

3+1

5+0

19+9

2 1 .6

25+6

37 .9

46 +8

3 0 .4

11 .5

29+9

2 -8 4

0+6

0 +7

0+0

3+5

2+9

4+4

17+4

19+5

21+4

30+5

35 +6

21+7

7+2

13 +3

3 -9 4

-0 .9

-0 + 9

-1 + 7

1 .4

0+5

1+9

12+9

13 +3

15+1

21.5

2 4 .0

1 1 .7

-0 .6

4 -9 4

-l + Q

-1 + 0

-1 + 7

1 +2

0+4

1 +5

11+4

11 +7

13+0

18.3

1 9 .9

9+3

-0 .9

1 -8 5

-1 .5

-1 .6

-2 + 3

0+3

-0 + 5

0 .5

9 .4

9+4

1 0 .4

14.6

1 5 .6

6 .2

—2 .6

-2 + 3

- 9 +0 -1 1 + 5

-6 + 5 - 1 0 . 9

2 -9 5

-1 .4

- 1 +4

-2 + 1

0+4

-0 .4

0+5

9 .7

9 .7

9 .5

13.2

1 3 .9

5 .5

-2 + 1

-1 + 9

-7 .1

-9 + 5

-4 + 0

-5 .0

1 .2

3 -9 0

4 -9 0

1-91

3 -9 1

4 -9 1

1 -9 2

2 -8 Ì

3 -8 2

4-9 2

1 -9 3

2—93

3—93

4—63

1 -9 4

2 -6 4

3 -9 4

4 —6 4

1 -9 5

- 1 +1

1 5 0 .2

0+6 -1 1 +5 - 2 0 . 8

1 4 1 .7

-0 + 1

—9+4 - 1 1 . 9

141 +0

-2 + 0

1 3 7 .0
1 3 7 .4
H*A.

3-85
2-a

i

In

it ia l

q u a rte *

* NATIONAL INCONE BASIS
H.A. - oot available

WEPiKlÖ ir REMUAI AfifAVE k/MH ÛF~ÎT.~L«JTC
OCTOBER I T ,

1W 5

HISTORICAL SOURCES OF
NATIONAL INCOME AND PRODUCT ACCOUNTS DATA

The NIPA estimates for 1929-76 are in 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 fo r
197^-79 and corrections for e a rlie r years are in the July 1982
SURVEY; estimates for 1980 and corrections for e a r lie r years are in
the July 1983 SURVEY; estimates for 1981-83 are in the July 1984
SURVEY. Estimates for the periods since, appear in subsequent issues
of the monthly Survey of Current Business. These publications are
available from the Superintendent of Documents, U.S. Government
Printing O ffice , 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

I N V E N T O R I E S COMPARED WITH MONTHLY S A L E S *
MA NUF A C T UR I NG

AND

TRADE

.6 8

68

. 64

64

.60

60

.56

56

. 52

52

. 48

48
44
40

.40

36

.36
.35

. 32

32

. 28

28
24

. 24

1977
«RATIOS

B AS E D

ON S E A S O N A L L Y A DJ U ST ED

SHADED

AREAS R EPRESENT

LATEST

DATA P L O T T E D t




1978

1979

DATA.

1

1981
SOURCEs

1982

1983

1984

1985

U . S . DEPARTMENT OF COMMERCE

P E R I O D S OF B U S I N E S S R E C E S S I O N S .

AU6UST P R E L I M I N A R Y
PREPARED

20

BY F E D E R A L

R E S E R V E BANK OF S T .

LOUIS

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