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n f m o i M L Economic m c n o s
PREPARED

MONTH ENDING: September 30,

BY

1971

FEDERAL

RESERVE

BANK

OF

ST. LOUIS

RELEASED: October 27,

Total spending advanced at a 6.2 per cent annual
rate from the second quarter of 1971 to the third quarter.
The increase was divided almost equally between real p r o d ­
uct and prices; real product rose at a 2 . 8 per cent rate
and prices at a 3.2 per cent rate. The third quarter ad­
vance in total spending was not as rapid as the gains in
the first half of the year, due, in part, to (1 ) the adminis­
tration's wage-price freeze; (2 ) a net export deficit; and
(3) the liquidation of steel inventories stockpiled earlier
in the year in anticipation of a strike. Total spending
rose 7.7 per cent from the third quarter of 1970 to the
third quarter of this year, compared with a 4.6 per cent
increase in the preceding year.
Such cyclically sensitive components of GNP as p e r ­
sonal consumption expenditures on durable goods, h o u sing in­
vestment, and investment in producers' durable equipment and
structures, have increased more rapidly over the past year
than the previous year.
In the year ending third quarter
1971, consumer durable goods expenditures rose 15.8 per cent
after increasing 1.1 per cent the preceding year. Housing
investment increased about 45 per cent from the third quarter
of last year to the third quarter of 1971, compared with a
6.5 per cent decrease the preceding year.
Investment in
structures and p r o d u c e r s ’ durable equipment increased 4.7
per cent in the most recent year, after rising 4.1 p e r cent
in the year ending third quarter 1970.
Industrial production and employment increased
slightly in the first nine months of 1971.
Industrial p r o ­
duction rose at a 0.9 per cent annual rate from December
1970 to September 1971, and payroll employment increased
at a 1 p e r cent rate over the same period. Both i n d u s ­
trial production and payroll employment declined in the
year ending December 1970.
Overall prices rose at a 4.2 per cent rate from
late 1970 to the third quarter of 1971, compared with a
5.7 per cent increase in the preceding year. Consumer
prices rose at a 3.7 per cent annual rate from December
1970 to September, after increasing 5.5 pe r cent in the
preceding year.




1971

2
TOTAL
COMPOUNDED

C I V I L I A N E M P L O Y M F NT
A N N U A L R A T E S OF C H A N G E

2-70

3-70

4-70

5-70

6-70

7-70

8-70

9-70

10-70

THOUSANDS
O F PfrR S O N S

*
1 ONTH

INITIAL

TERMINAL
MONTH

11-70 12-70

1-71

3-71

2-71

4-71

5-71

6-71

7-7*

8-71
78,969

3-70

Z±
9

...4-70

. Q.S

-1,3

5-70

-0.9

-2.8

-4^3

_____ 7 8 , 8 8 6
78,601
78,299

-3.4

-4.4

-4.5

7-70

-0.6

-1.5

-1.6

-0.2

4. 3

8-70

-0.7

-1.4

- U 4

-0.5

..Kt.

-l.C.

9-70

-0.7

-1.2

-1.2

-0.5

0.9

-C.7

„ 6 - 7 . 0 _... - u * .

79,574
78,508
78,479

-0.4

1.5

78,691

-Oj, 2

-0.6

^,5

11-70

-0.4

-0.8

-0.7

-0.1

C.8

-C. 1

0.2

Û.5

-2.1

J2-7Q

-0.5

-0.9

-0.8

-0.3

0.4

-C .3

-0.2

-0.1

-1.7

-1.3

1-7 1

0.1

-0.2

-0,0

0.5

1.2

0.7

1.1

1.5

C.9

?. 4

6.3

2-71

-0.3

~0.b

-_ûi 5

-0.1

0.5

-0.1

C. 1

0. 2

-0.6

-0.1

0.6

_LGr7_L

3-71

— 0 «4

-Q.AÉL

- Q iÎl

-0.2

0.3

3.3

-0.2

-0.1

-o.c

78,550

-0.7

7 8 t_463

-0. 3

78,864
78,537

-4.9
-2.9

0.1

78,475

-0.9

*t~n

-0.1

“ .3
0

-0.2

0.1

0.6

0.2

0.5

0.0

0. 5

0.9

-0.8

1.2

3.5

5-71

0.2

-0.0

Ü. 1

0.5

0.9

0.6

Q.8

0.9

0.6

_ 1..Û

1.5

. Q-.4

2.2

3.8

4.1

6-71

-0.3

-0.5

-0.5

-û.2

0.2

-0.2

-0.1

-0.1

-0.5

-0.2

-0. 1

-1.3

-0.4

-0.2

-1.9

-7.6

_ T-II

0.1

. - Q *J)
.

. 01,1

_ ü *t
J.

0,9

0.5

0.6

0.7

C.4

0.7

1.0

0.2

1.2

1.8

1.2

-0.2

7.9

.8-71

0.4

0.2

0,3

l.C.

0.7

C.9

l.C

. .0.8

1,1

1.4

Q.7

1.7

2.2

1 ,9

1.2

5.9

4.0

9-71

. û*6_

±*Z ___ l_t.3. .. 1 . 2

1.5

1.8

1.3

2.2

2*1

2.5

2.2

5.6

4.5 .

9— 7 C 1 0 - 7 0

11-70

12-70

1-71

? — 71

3-71

4-71

5-71

6-71

2-70

0.6

___1 . 0 _
3-70

4-70

5-70

6-70

7-70

8-70

78,698
78,961

P R E P A P F O RY
O C T O B E R 12,
PAYROLL EMPLOYMENT
C O M P O U N D E D A N N U A L R A T E S OF
INITIAL
3-70

4-70

5-70

6-70

7-70

S - 70

9-7 0 10-70

7-71

79,52^

*.1
P-71

FEDFRAL
1971

3-71

5-71

RESERVE

BANK

OF

LOUIS

CHANGE
THOUSANDS
OF P E R S O N S

MONTH

11-70

ST.

1-71

12-70

2-71

4-71

6-71

7-71

8-71

_2«_7_

!*•
1
O

71,147

3-70

0.6

-1.4

5-70

-l.l

-2.9

-4.4

6-70

-1.5

-2.9

-3.6

1
o

2-70

78,941
79,197

M
1 ONTH

INITIAL

TERMINAL
MONTH

78,443

-hï

-2.3

.6

71,063
70,796
7 0 , 6 34

\
-1.6

70,605

-0.5

70,445

8-70

-1.5

-2.4

-2.6

-2,0

-1.6

-2.7

9-70

“1 . 2

-1.9

-2.0

-1.3

-0.9

-1. i

10-70

-1.9

-2.6

-2.1

-2.4

-2.3

-2.9

-3.1

-6.6

11.-10

_ -\.9

-?.4

-2.6

“ .3
2

-2.2

-2.6

-2.6

-4.1

-1.6

12-70

-1.1

-ltb

-1.6

-1.2

-0.9

“1 . 0

-0.6

-0.9

2.0

5.8

1-71

-0.8

“1. 2

-1.1

-0.7

-0.4

— 0 »4

0.0

-0. 1

2.1

4. 1

2.4

70,480

0.6

70,082
\

-

0

.

3

%

6 9 t985
70,313
70,454
70,391

__2-71

-0.9

li » 2

“1. 1

-0,8

-0,5

-0.5

-0.2

-0 «3

1 .3

2.3

0.7

■ .l
-l

3-71

-0,7

- 0 «9

-0.9

- 0^

-0.3

-0.3

0.1

O.C

1.4

2. 1

l.C

0.2

C .3

0.3

1.2

0.8

1.8

2.0

1 ^ 6 ___ 1 . 3

2,2

2,5

2 , 9 ^ ^ \

0.7

l.l

1.0

0.5

4-71

-0.5

-0,7

-0.7

-0*3

5-11

-0.2

-0.5

-0.4

-0.0

6-71

-0.3

-0.6

-0.5

-0.2

7-71

-0.5

-0.7

M l

-0.4

-0.6

9-71

-0.1

-0. 3

2-70

3-70

-0.6

-0.1

-0.0
0.3

0.0

Q.-6 . JJ j J l -

0,l_

0.4

-0.3

-0.1

~Qt î

-0,3

-0.1

0.1

0.3

4-70

5-70

6-70




0. 3
7-70

2. 1

_2*1

1.2

1.7

1.0

70,769

-1.9

70,657

-2.0

-2.1

70,531

„ - Q jl L.. - 1 , 2

-0.9

0.4

0.1

C.9

1.2

0.5

0.2

0.5

0.2

Q.l

..0.8

1.1

0.5

Qi £

0.5 _

0,3

0.5

0.5

1.2

1.5

1.0

0.9

l.l

1. 1

0.9

0.4

l.i

2.8

5. ?

8-70

9-70

10-70

1 1-70

12-70

1-71

2-71

3-7!

4-71

5-71

6-71

7-71

8-71

-0.1

-0.2

C, 3

1.5
1,7

70,480
70,599

Ot i

INITIAL

-0.4

Xr

70,554
70^855

MONTH

PREPARED BY FEDERAL RESFRVE BANK OF S T . LOUIS
OCTOBER 1 2 , 19 71

3

E MP L OYME NT
RATIO

RATIO

SCALE

MILLIONS

OF

PERSONS

MILLIONS

SEASONALLY ADJUSTED

OF

SCALE

PERSONS

90

80

70

60

50
SOURCE«

PER CENT A GES ARE ANNUAL RAT E S OF CHANGE FOR P E R I O D S
LA TES T DATA PLOTTE D:




U.S.DEPARTMENT

OF LABOR

INDICATED.

S EP T E MBER P R E L I M I N A R Y

PREPARED BY FEDERAL RESERVE BANK OF ST.

L OU I S

4

I NDUSTRI AL PRODUCTION
COMPOUNDED ANNUAL RATES OF CHANGE

o
»
o

TERMINAL__________________________________________________________________ I N I T I A L MONTH____________________________________________________________________1967 * 100
MONTH
6-71
7- 7 1
8- 71
3- 71
4-71
5- 71
1- 71
2- 7 1
11- 70 12- 70
8- 70
9-70
4-70
6- 7 0
7-70
3- 70
2- 70
5- 70
-4.4

107. 6
107. 5

*
i
•
'j
o

3-70

-2 .7

-1.1

5 - 70

-1.8

-0.6

0.0

6 - 70

-1.1

0.0

0.6

1. 1

7- 7 0

-1.1

-0.3

0.0

0.0

-1.1'

8- 70

-0.9

-0,2

0.0

0.0

-0.6

9- 7 0

-2.4

-2.0

-2.2

-2.8

-4.0

10- 70

-5.9

-6.1

-6.9

-8.3 -10.5 -13.4 -19.4 -27.4

107. 5
107. 6
107. 5
1 0 7. 5

0.0

106. 5

-5 .5 -10.6

103. 7

11- 70

-6.6

-6.9

-7.7

-3.8

-3.7

-4.0

-4.6

1-71

-2.7

-2.6

-2.7

-3.1

2 - 71

-2.1

-1.9

-2.0

-2.2

3- 71

-2.1

-2.0

-2.0

-2.2

4 - 71

-1,4

-1.2

-1.2

-1.3

10 2. 6

-8.9 -10.8 -13.1 -17.0 -20. 1 -12.0

12- 70

10 4. 6

-6.4

-7,9

-6.9

5. 3

26. 1

-3.6

-4.1

-4.8

-3.3

6.3

16. 9

8. 3

-2.6

-2.9

-3.3

-1.8

5.9

12, 6

6. 5

-2.6

-2.8

-3.2

-1.9

4. 2

8. 7

3. 5

1. 1

-2.2

-1.6

-1.6

-1*8

-0.5

4.9

8.6

4.7

3.5

2.9

-5.5

105. 3
1 05. 7

4.7

105. 5
S

^ V

. 7

/o

106. 2

8.3
9.4

107. 0

-0.5

-0.4

-0.5

-0.6

-0.6

-0.6

0.7

5. 5

8. 8

5.6

4.9

5.0

8.8

-0.6

- 0 •3

-0.2

-0.3

-0.4

-0.3

-0.3

0.9

5. 1

7. 8

5.0

4.4

4.3

6.6

5.8

2. 3

7- 71

-1.2

-1.0

-1.0

-l.tl

-1.3

-1.3

-1.4

-0.5

3.1

5.2

2.5

1. 5

0.9

1.7

-0.4

-4.9

107. 2
106. 1

-11.6

8-71

-2.0

-1.8

-1.9

-2.0

-2.2

-2.3

-2.5

-1.7

1,3

2.9

0.3

-0.8

-1.7

-1.6

-3.9

-8.0 -12.7 -13.8

9- 71

-1.6

-1.4

-1.4

-1.5

-1.7

-1.8

-1.9

-1.1

1. 7

3. 2

0.9

0.0

-0.6

-0.4

-2.0

-4.7

-6.9

-4.4

2-70

3-70

4-70

5- 7 0

6-70

7-70

8-70

9- 7 0 10- 70 11- 70 12- 70

1- 71

2- 7 1

3- 71

4-71

5- 71

6- 71

1 0 4 . 8P

\
5.9

1

1 0 5 . 3P

0
3
1
-J

-0.7

i

5- 71
6- 71

I N I T I A L MONTH
P - PRELIMINARY




PREPARED BY FEDERAL RESERVE BANK OF S T . LOUI S
OCTOBER 18, 1971

5

INDUSTRIAL
RATIO

PRODUCTION
RATIO

SCALE
SEASONALLY

1967-100
130

SCALE

1967-100
130

AD J US TE D

1 20

1 20

1 10

*5. 6X/

/
'

■
n
V

. -

*0 9X

1 10

15
0 .3
0 0

0 0

.

/ f ^ - 2 rx
A
90

90

+ 6
8. 2
y/

80

80

JA . '6 J
M
70 \
1963

t
1964

1965

1966

$
f
1967

PERCENTAGES ARE ANNUAL RATES OF CHANGE FOR P E R I O D S
LATEST DATA PLOTTED«




?
i
1

?
g
t

$
1968

1969

1970

£
a

t

1971

I N D I C AT E D .

SEPTEMBER P R E L I M I N A R Y

PREPARED BY FEDERAL RESERVE BANK OF ST.

LOUIS

70

6
PETAIL
A NN U AL

C OMPOUNDED

OF

CHANGE

MONTH_____________________________________________________________________________________ M I L L I O N S

T ^ M | K | t | ______________________________________________________________________________________ I N I T I A L

M n \ r <l
j -

OF

DOLLARS
1-70

?-7"»

SALES
R AT E S

3-70

?-70

4-70

5-70

6-70

7-70

8-70

9-70

10-70

11-70

12-70

2-71

.1-71

3-71

4-71

5-71

6-71

7-71
29.980

H.O

l-T-j

4.8

-ft.9

4-70

11.7

11.7

34.0

*• 7 r
>— >

9.*

7. 1

15.0

-1.3

6-7 C

7.9

5.?

1 0.0

-0.4

0.6

7-7 ^

9.0...

6.1

9.6

2.6

4.5

8 . ft

2.4

3.7

5.3

7.1

f

5.4

29,801
30,536

8 .1

30,502
•

30,518
30,729

,

o

30,781

\

30,885

0-70

^•7

5.2

7.4

?.8

3.8

4.9

3. 1

10-70

4.4

2.*

4.3

-C.0 .

0.3

0.2

-2.5

-4.7 -

30,534

11-70

?.ft

i.a.

2.1

-1.8

-1.9

-2.4

-5.0

- 7 . 2 - 1 2 . 5 -. i 2 . r S s - \ + 8 . 8 %

30,208

12-7^

3.4

2.0

3.1

-0.3

-0.1

-0.2

-1.9

-2.9

-5.1

30,481

1-7 1

5.4

4. 3

5.5

2.7

3. 2

3. A

2.3

2.9

7 -7 1

ft.3

5.4

6.6

4.2

5.4

4.0

5.4

-1.0

11.4

2.6

8.4

20.3

30.0

5.6

10.8

19.7

24.1

31,154
31,597

18.5

7.9

7.0

A. 3

6.2

7.C

7.7

7.A

9.4

9.1

14.2

21.9

25.6

23.4

A . ft

a.i

9.4

7 « ft

8.4

9.2

9.3

10.2

11.1

15.7

22.2

25.1

23.5

*>-71

7.3

7.2

8.3

6.5

7.2

7.8.

7.7

8.4

8.9

12.4

17.1

18.3

15.6

14.6

8.2

-5.4 _

ft-71

(3.a

S.?

‘
9.3

7.7

8.5

9.1

9.2

9.<3

10.6

13.9

18.2

19.4

17.4

17.2

13.A

8.8

2*.2

7 -71

7.7

7.1

8.0

ft. *
5

7.1

7.A

7.5

3.C

8.4

11.0

14.3

1 4 . 8 __ 1 2 . 4

11.2

7.3

2.3

6.3

8 -71

«.4

7. fi

8.8

7.4

‘
1.0

8.5

8.5

o. 1

9.5

12.1

15.1

15.6

13.7

12.9

10.0

A.8

11.3

4.9

21.8

1-70

2-7*

3-70

4-7*

5-70

6-70

7-70

0-70

10-70

11-70

12-70

1-71

2-71

3-71

4-71

5-71

A - 71

7-71

3-70

INITIAL

28.6

32,267

3-71
4-71

X

32,844
32,692
33,310
3 3 , 029P
1
1

33.576E

ST.

LOUIS

MONTH

P - P°F LI MI N A R Y
E- UNOFFICIAL ESTIMATE
P R E P A R E D BY F E D E R A L . R E S E R V E
H C T O S e R 14, 1 9 7 1

BANK

OF

PERSONAL INCOME
C O M P O U N D E D A N N U A L R A T E S OF C H A N G F
INITIAL

TERMINAL
MHNTH
3-70

4-70

5- ? .
:>

A-70

7-70

H-70

9-70

10-70

11-70

12-7C

1-71

2-71

3-71

4-71

5-71

6-71 _ 7-71

8-71
789.4

0.4
20.3

32.2

5-70

9*8

10.0

i-

3-70
i
■
>

2-70

B I L L I O N S OF
DOLLARS
ANNUAL RATES

MONTH

eo a.o

802.0

-8 .4 ,

A-70

7.0

ft.?

- 4 . «1

7-7C

ft.4

6.2

-1.1

2.4

6.0

8-70

6.A

6.1

*.4

3 .5

5.«

5.7

9-7 0

7 .0

6.*

?.

1

4.9

6.'«

7.4

9.1

10-70

•s.a

5.3

1.4

3.%

4.6

4*2

3.*$

11-70

S .5

4.0

l.ft

4.3

3.9

3.4

12-75

«.4

805.3
809.0
814.9
-

813.6

1.9
o.A

3. 1

815.7

4.4

4.9

4. ?

4.5

3.0

5.5

7.9

»,.1

4.2

A. 2

A. 3

5.7

8.3

11.0

14.1

3. H

4.9

6.0

A.ii

A.I

5.5

7.4

8.9

0.3

A.4

4*<i

4.7

A.4

A.5

A.A

A.2

7 .Q

9.1

0.4

f »4
t

*-71

4.1

3.6

6. 1

#i.3

3.4

ft.2

1-71
2-71

801.4

-0.9

4.i

6.*

A.4

A.A

A.3

7.7

8.7

B.H

7.L

A. %

A.9

A.O

6 .A

A.7

A.ft

A.5

7.9

fl.A

A.7

7.4

a. 3

7.A

«.3

7.8

8. A

8.8

9.1

9. 1

10. A

11.7

12.3

12 .0

13.9

15.3

19.7

32.4

ft. 1

A .6

6.7

A .8

A.A

7.5

8.1

8.1

7.2

7.7

7.1

7.?

6.7

-14.0

7.0

7.1

7.2

7. 1

H.O

B.A

8.7

7.9

9.4.

ft. 2

ft.5

a.5

-1 .7

1 2 .4

8.2

7.5

... 7 * 9

7.5

7.7

7.5

0*3

8.4

.4 *5

12-70

1-71

? —7 1

3-71

4-71

5-71

6-71

7-71

8-71

4-71

A. A

?-7!

A. 7

ft-71

fi .2

A .I

7-71

6.7

6.6

5. '

8-71

7.3

6 .9

5.*!

0-71

6.9

ft.«

5.4

6.4

ft.<J

6 .9

7.0

A .9

7.7

8.2

2-70

3-70

4-7:

5-71

ft -70

7-7' J

8-70

0-70

10-70

11-70

i

IN IT IA L

820.9
830.0
8*3.2

4.7
9.8

839.7
844.4
85 0.0
8 70.1
859.2
Aft 7 . ftp

8 7 0 . 8P

MONTH

o -'P Q F L IM INA^Y




PREPARFD BY PfcDFRAL RESF“ VE BANK OF S T . LOUIS

0CIQ M fLi.2f 1^71




7
RETAIL

SALES

RATI O SCALE

RATI O SCALE

9 Î L L IONS OF DOLLARS

B I L L I O N S OF DOLLARS

SEASONALLY ADJUSTED

45

45

40

40

* .i
e

35

+3
2X
.

*2
1

30

35

/Ò
& .6
30

+rz
r _
.

.

4
z
^

25

25

20

20

15

1963

fC‘7A.'$
TA i 8
. #

M*S
I. f
Si
. J11

r~
1964

1965

1966

tiI

1967

t

1968
SOURCE«

P E R C E NT AG E S ARE ANNUAL RATES OF CHAN GE FOR PER IO DS
« L A T E S T DATA PLOTTED«

wo
.
y

_ 1
_±
1969

..

1 97 0

1971

U.S. D E PA R T M E N T OF CO M ME RC E

INDICATED.

JULY P R E L I U IN A R Y , AUG US T UNO FF IC IA L E S T I MA TE {S AM PLE BEI NG REVISED ».
P RE PAR ED BY FE D ER AL RES ER VE SA NK OF S*. uOU »S

PERSONAL
RATI O SCALE

INCOME
RATI O S C A l E

MONTHLY TOTALS AT ANNUAL RATES

0.s

0 ,1

i. 7

0,5

1963

1964

1965

1966

1967

1968

1969

1970

1971

SOURCEt U .S. DEPARTMENT OF COMMERCE
PERCENTAGES ARE ANNUAL RATES OF CHANCE FOR PERIOOS INDICATED.

LATEST OATA PLOTTED« SEPTEMBER PRELIMINARY
PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

8
GROSS NATIONAL PRODUCT IN CURRENT DOLLARS
c o mp o u n d e d a n n u a l r a t e s of c h a n g e ______
BI LLI ONS OF
TERMINAL_________________________________________________________________I N I T I A L QUARTER_______________________________________________________________ POL LARS
OIJARTF

ANNUAL

4-

6

1-67

2-67

3-67

4-67

1 - 68

2-68

3-68

4-68

1-69

3-69

2-69

4-69

1-70

2-70

3-70

4-70

1-71

7 7 4 .4

1-67

1. ®

7- 6 7

" #6
*

5.1

1-67

*'. ?

7.0

8.6

4-67

5.9

7.2

8.7

7.7

7 8 4 .5
8 0 0 .9
8 15 .9

1-68

6.5

7.7

8.5

8.4

9.7

7-68

7.4

3.5

9.3

0.5

in.«

11.7

3-5 8

7.5

8.5

<5.1

9.3

9.8

1C. 1

4-6 3

7.5

8.1

8.8

3.8

9.1

1-69

7.5

8.?

«.6

8.6

2-69

7.4

H. 1

8.4

8.4

8 34 .0
8 5 7 .4
8 7 5 .2

8 ,6

7.0

9.1

7.8

8.8

8.7

7.7

7.3

7.5

«,5

8.' 3

7,5

7,2

7,2

8 9 0 .2
9 0 6 .4

7.0

9 2 1.8

1-69

7.5

8. 1

3.4

8.3

8.4

a. 3

7,7

7,4

7,6

7.6

8,2

4-6 9

7.1

7.6

7.0

7.8

7.3

7,6

6,9

6,6

6,5

6 ,2

5,3

f

9 4 0 .2

N

1

\

3,4

+4.1%

9 4 8 .0

l_7r

6.' >

7.1

7.5

7.3

7.3

7,1

6,4

6, I

5,9

5,5

5.0

3,4

3.4

2 - 70

6.7

7. 1

7.1

7.2

7.1

6.9

6,3

6, C

5,8

5,4

5.1

4.C

4,4

5,1

1 - 7C

6.7

7. 1

7.7

7. 1

7. *

6.8

6.3

6.0

5.9

5.6

5,3

4,6

5.C

5,8

6,3

4-7?

6.4

6. 7

6.8

6.7

6.6

6,4

5,9

5.6

5,4

5,1

4,8

4,5

4,2

2,0

.

*

I.?

7.3

7.2

7. 1

7.n

6,5

6. 3

6,3

6, I

6,0

U . i l
r, „ 1
5,6

4,3

1- 71

6.1

6 ,8

7,3

7 .7

11,8

2- 71

7.0

7.3

7.4

7*3

7.1

7.1

6 ,8

6 .6

6.5

6,4

6,4

6 .1

6 .6

7.7

7,7

8 ,2

u . .

1-7 1

6.9

7. ?

7. 3

7.7

7.7

7.1

6.7

6.6

6,5

6,4

6.4

6 .1

6.5

7.1

7.4

7 .7

1

9 5 6 .0
9 6 8 .5
9 8 3 .5

+96%

1-67

>-6 7

Î-A7

4-67

2-68

1-68

3-68

4-68

1-69

2-69

1-69

4-69

1-70

2-70

3-70

9 8 8 .4

..r \

1,0 4 3 .1

7,6

1* 0 5 9 .0 1»

I » 0 2 0 ,8

9,6 1
Li..,. .

4-66

RATES

2-71

f.

4-70

6,2

"

1-71

2-71

I N I T I A L QUARTER
p i pVf t. f MI A'-¿V
PRfcPAPED BY FEDERAL RESERVE BANK OF S T . LOUIS
OCTOBER 22, 1971
GROSS NATIONAL PRODUCT IN CONSTANT 1953 DOLLARS
COMPOUNDED ANNUAL RATCS OF CHANGE
*
'
*
BI LLI ONS OF
________________________________ I NI T I A L QUARTER_______________________________________________________________ OOLLARS

TT^INAL
1-67

4-06
1-67

7-6 7

3-6 7

4-67

1-68

2-68

3-68

4-63

1-69

2-69

3-69

4-69

1-70

2-70

3-70

i
-j
o

ANNUAL RATES

OUAPTFR

1-71

2-71
666,6

-0.9

671.6

7 - 6 7___

1.1

__3 . 0 _

?-6 7

2.7

1.7

4.4

3.4

1.6

2.8

678,9

0-

1
-J

683.6

7.1

1-6 8

7.9

1.9

4.7

4.1

5.4

7-68

3. 7

4.6

R.r.

5.2

6.4

7.5

!-*>«

1.7

4.5

4.8

4.9

5.6

5.8

4.0

¿.-68

3.6

4. 2

4.4

4.4

4.8

4.6

3.2

7,4

1- 6 9

3.5

4.f

4.2

4. 1

4.4

4.2

3. 1

7,6

7.8

692.6
705.3
712.3
716.5
721.4

0

1.3

3.8

3.8

3.4

3.9

3,6

2.7

2,2

7.7

1.6

3-6 9

i.2

? .6

1.6

1.5

3.6

3,4

2,5

2,2

2. 1

1.8

2.0

724.2

4-60

2.8

3. 1

1.1

1.0

3 . r>

2,7

1. 9

1,4

1 .2

0.7

o .J - 1 . 4

1-70

7.3

7.6

7.6

2.4

2.3

1.9

1 ,2

0.7

0.4

-0.7

-0.8

-2,2

7-70

7.2

2.4

2.4

2.2

2.2

1.8

1 ,1

C.7

C.4

-0,0

-0.4

-1,2

-1,1

0.7

1-70

7.1

2.4

2.1

7.1

2.1

1 .7

1,1

0.8

0.5

0,2

-0.1

-0,6

-0,3

1,0

1,2

4-7r

1.7

__ l..5._

1.8

1

1. 6

1 .2

0.6

0.2

— 0,0

-0,4

-0,9

-1,3

-1,3

-0.7

-1,4

j

I

727.8

^

725.2

1.3%-

-2.9

719.8
721.1
723.3

.. .
.

715.9

-4,0

1-7 1

?. 1

7.1

2.2

2.1

2.'*‘

1 .8

1. 2

l.C

0,8

0.6

0,4

0.2

0,5

1,4

1,6

1,8

2-7Î

2.7

7.4

7.4

2.3

7.2

2.0

1,5

1.3

1, 2

l.C

l.C

0,8

1,2

2 ,1

2,4

2,8

6,4

1-71

7.1

7.3

2.1

7.1

1,6

1.4

i ,4

1.2

1. 2

1, 1

1,4

2,7

2,5

2,8

5.2

3,8

4- 61

1- 69

2- 6 9

3- 69

4- 69

1- 70

2- 70

3- 70

4- 7 0

1- 71

-_.2_._1_ _ 7.4..

4 — 66

1 -6 7 ~7 - 6 7

' -W,7~

♦- 6 7

1-6

3

2- 68

3- 6 8

I NI T I AL

r 7

^

r

/B

729.7
738.4

2,8 1

7 4 3 . 6P

2- 71

QUARTER

p_ ” p q T l Î ~4\ NA-i Y




PREPÂPFD BY FEOERAL
OCTOBER 2 2 , 1971

RESERVE BANK OF S T . L O U I S

9

DEMAND
RATIO

SCALE

TRILLIONS

H6NP

QUARTERLY

OF

1963

AND

DOLLARS

1964

1965

PRODUCTION

TOTALS AT ANNUAL

SEASONALLY ADJUSTED

1966

1967

IN CURRENT DOLLARS.

RATIO

RATES

1968
SOURCE:

TRILLIONS

1969
U.S.

1970

OF

SCALE

DOLLARS

1971

DEPARTMENT OF COMMERCE

I2.GNP IN 1958 DOLLARS.
PERCENTAGES ARE ANNUAL RATES OF CHANGE FOR P E R I O D S
LATEST DATA PLOTTED:




INDICATED.

3RD QUARTER P R E L I M I N A R Y

PREPARED BY FEDERAL RESERVE BANK OF ST.

LOUIS

1 0
FINAL SALES IN CUgRFNT DOLLARS
COMPOUNDED ANNUAL RATES OF CHANGE
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------—
b i l l i o n s of- _______ _____________________________________________ I N I T I A L QUARTER____________________________ __________________________________DOLLARS
TERMINAL
QUARTER
ANNUAL RATES
1-67
1-67

t

7.7

2-67

2-67

3-67

4-67

1-68

2-68

3-68

4-68

1-69

2-69

3-69

4-69

1-70

2-70

3-70

1-71

4-70

2-71

'

764. 8
8.2

7.9

780. 0
792. 2

3-67

7.4

7.3

6.4

4-67

7.3

7.2

6.8

7.1

1-6 8

8.5

8.7

8.8

10. 1

13.2

2-68

8.4

8.6

8.7

9.5

10.7

8.2

10.3

8.9

9.6
8.3

005. 9
+8 .1%

3-68

8.6

8. 8

8.9

9.5

4-68

8.4

8.5

8.5

9 .C

9.5

8.2

831. 2
847. 8
867. 5
882. 1

6.9

899. 8

1-69

8.4

8. 5

9.5

8.9

0.2

8.3

8.3

7.6

8.3

2-69

8. ?

8.3

8.3

8.6

8.8

8.0

7.9

7.4

7.6

6.9

3-69

8.1

8.1

8.1

8.3

8.5

7. 8

7. 7

7.2

7.3

6.8

4-69

7.9

7.9

7.9

8 .C

8. 1

7.4

7.3

6.8

6.8

6.3

6. 1

915.0
6.6

1

929. 8

V

" ..........“ 1

1+ 4
•

942. 3

7 %
/o

1-70

7.7

7.7

7.7

7.8

7.9

7.2

7. 1

6.7

6.6

6.2

6.0

5.6

5.8

2-70

7.5

7.5

7.4

7.5

7.5

6.9

6.8

6.4

6.3

5. 9

5.6

5.3

5.2

4 . 6 ^ ^ ^

3-70

7.3

7.3

7.2

7.3

7.3

6. 7

6.6

6.2

6,1

5.7

5*5

5,2

5.1

4.8

5.0

6.9

4.5

4. 1

3.8

2.6

955. 6
966. 5
978.4

4-70

7.0

7.0

6.9

6.9

6.4

6.2

5.8

5.7

5.3

5.0

4. 7

1-71

7.4

7.4

7.3

7.4

7.4

7. 0

6.9

6.6

6.6

6. 3

6.3

6.2

6.3

6.5

7.1

8.2

14.0

2-7 1

7.4

7.4

7.4

7.5

7.5

7.1

7.0

6.7

6.7

6. 5

6. 5

6.5

6.6

6.8

7.3

8.1

11.0

8.0

3-71

7.5

7.5

7.4

7.5

7.5

7.1

7.0

6.3

6.8

6.7

6.6

6.6

6.«

7.0

7.5

8.1

10.0

8. 0

7.9

4-66

1-67

2-67

3-6 7

4-6 7

1-68

2-68

3-68

4-68

1-69

2-69

3-69

4-69

1-7H

2-70

3-70

4-70

1-71

984. 7

2-71

INITIAL

v

__i + 1 v * 0 / 0
J » l 0 v %

■

1,017.6
\

1, 037.4
1

1, 057. 4P

Q
( UARTER

P- P R E L I M I N A R Y

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS
ncTQRER
FINAL SALES
COMPOUNDED

INITIAL

terminal

22,

1 971

IN C O N S T A N T 1 9 5 8 D O L L A R S
A N N U A L R A T E S OF C H A N G E

BI LLI ONS OF
DOLLARS
ANNUAL RATES

QUARTER

QUARTER
1-67
1-67

2-67

3-67

4-67

1-68

2-68

3-i68

4-68

1-69

2-69

3-69

4-69

1-70

2- 70

3- 70

4- 70

1-71

2-71

i

657. 5

,.0

2-67

5.6

3-67

4.4

4.0

667. 3

6. 1
2.0

670. 6
67 4. 4

4-67

3.8

3.4

2. 1

2.3

1-68

5.0

4.9

4.6

5.9

9.6

2-68

4.8

4.7

4.4

5.2

6.7

3.8

3-6 8

4.8

4.8

4.5

5.2

6.?

4 .5

5.2

4-A R

4.5

4.4

4. 1

4.6

5.1

3.7

3.6

2. 1

4.9

3.7

3.7

3 .C

3.9

690. 0
696. 5
705. 3
709. 0

1-69

4.4

4.3

4.1

4.4

2-69

4. 1

4.0

3.8

4.0

4.3

3.3

3. 1

2. 5

2.6

1. 4

3-69

3. 7

3.6

3.3

3.5

3.7

2.7

2.5

1.9

1 .R

0.8

0.2

4-69

3.5

3.4

3.1

3.2

3.3

2.5

2. 3

1 .7

1.6

0.8

0.6

0.9

1-70

3.2

3.0

2.8

2.9

2.9

2. 1

1. 9

1 .3

1.2

0. 5

0.2

0.3

715. 8
718. 3
718. 6
720. 3
- 0 . 6 %

-0.4 \

719. 5

2-70

3.0

2.8

2.5

2.6

2.6

1.9

1.6

1. 1

r .9

0.4

0.1

0.1

-0.3

-0.2

3-70

2.8

2.6

2.3

2.4

2.4

1.7

1.4

1 .C

0.3

0.3

0.1

0.1

-0.2

-0.0

0.2

4-7 C

2.4

2.2

1. 9

1.9

1.9

1 .2

0.9

C .5

C. 3

-0.2

-0. 5

-0.6

-1.0

-1.2

-1.7

-3.6

1-71

2.7

2. 5

2.3

2.3

2.3

1.8

1.6

1 2

.

1.1

0. 8

0.7

0.8

0.8

1.1

1. 5

2. 2

7-71

2.7

2.6

2.4

2.4

2.4

1. 9

1.7

1 .4

1.4

1.1

l.l

1. 2

1.2

1.6

2. 0

2.6

5. 9

3. 6

3-71

2.8

2.7

? .5

2.6

2.6

2 .1

2. 0

1.7

1.7

1.4

1. 4

1.6

1. 7

2. 1

2. 5

3.1

5. 5

4. 1

4-6 6

1-67

2-6 7

3-6 7

4-67

1-68

2-68

3 - 68

4-68

1-6Q

2-69

3-69

4-69

1- 70

2- 70

3- 70

4-70

INITIAL
P-

719. 1
719. 4

X

712. 8

+ * *r°/
8. 3

727.1

1-71

733. 5
4. 7

1

7 4 1 . 9P

2- 71

QUARTER

PRELI MI NARY




PREPARED BY FEDERAL
AUGUST 2 0 , 1971

RESERVE

BANK OF S T .

LO U IS

11

FINAL

SALES

TOTAL SPENDING LESS CHANGES IN BUS INES S
RATIO

SCALE

TRILLIONS

1

OF

QU A R T E R L Y

DOLLARS

TOTAL S

AT ANNUAL

SEASONALLY

INVENTORIES
RATIO

RATES

ADJUSTED

TRILLIONS

OF

SCALE

DOLLARS
1 .3
1

1
I

,

.

1

1

.2

1

.

.0

1

C.

0.9

0 .

0 . 8

0 .

0.7

0 .

0 . 6

0

0.5

.

SOURCE.
PERCENTAGES ARE ANNUAL RATES OF CHANGE FOR P E R I O D S
LATEST DATA PLOTTED«




U.S.

department

of

commerce

INDICATED.

3RD QUARTF.R P R E L I M I N A R Y

PREPARED BY FEDERAL RESERVE BANK OF ST.

LOUI S

12
CONSUMER P RI CE I NDEX *
COMPOUNDED ANNUAL RAT ES OF CHANGE
T ERMI NAL________________________________________________________________________ I N I T I A L MONTH________________________________ '_________________________________________ 19 67 » 1 00
MONTH
3-71
5- 71
6- 71
7- 71
S- 71
1-71
4-71
2-71
2-70
3-70
4-70
9-7T 10-70 Ü - 7 0 12-70
5-70
6-70
7-70
8-70
6.5

114. 5
7.6

5-70

6. 5

6.5

5.3

6-7 C

6. 5

6.4

5.9

...

7-70

6.0

5.9

5.3

5.3

8-70

5.3

. 5.1

4. 5

4.2

M

2.1

5.5

5.3

4. 9

4.7

4.2

4.2

6.3

10-70

5.6

5.5

5. 1

5.1

4.7

4.9

6.3

11-70

5.4

5.3

5.0

4.9

4.6

4.7

5.6

5.2

4.1

12-70

5.5

5.4

5. 1

5.1

4.9

5.0

5.8

5.6

5.2

6.2

1-71

5. 1

4. 9

4.7

4.6

4.3

4. 3

4.8

4.4

3.8

3.6

2-7 L

4,3

4.7

4,4

4.3

4. C

4 .C

4.3

3.9

3 .^

3. 1

1. 5

2.0

3 — 71

4.8

4.6

4.4

4.3

4.0

4.0

4.3

4 .C

3.5

3. 3

2.4

3.1

4.1

4-71

4,7

4.6

4.3

4.3

4 .C

4.0

4.3

4.0

3 .6

3.5

2.8

3.4

4.1

4. 1

5-71

4.8

4.7

4.5

4.4

4.2

4.2

4.5

4.2

4 .C

3.9

3.5

4.1

4.8

5.1

6.2

0
1

7.0

»o
»
o

3-70

115. 2
115. 7
116. 3

(
!

116. 7

4.2

116. 9
117. 5
6.3

118. 1
118. 5
v

. +4.2%

119. 1

l.n

119. 2
119. 4
119. 8
120. 2
120. 8

6-71

5.0

4.9

4.7

4.6

4.5

4.5

4.7

4.6

4.3

4.4

4. 1

4.7

5.4

5.8

6.7

7. 2

\

7-71

4.8

4.7

4.6

4.5

4.4

4.4

4.6

4.4

4.2

4.2

3.9

4.4

4.9

5.1

5.4

5. 1

3. 0

8-71

4.8

4. 7

4.5

4,5

4.3

4.3

4.5

4. A

4.2

4.2

^.9

4.4

4.7

4.9

5.1

4.7

3.5

4.0

9-7 1

4.7

4.5

4.4

4.3

A.2

4.2

4«3

4.2

4.0

4.0

3. 7

4. 1

4. 3

4.4

4.4

4.0

3. 0

3.0

2.0

2-70

3-70

4-70

5-7"

7-70

8-70

9-70

1 0-70

11-70

2-71

3-71

4-71

5-71

6-71

7-71

8-71

6-70

12-70

INITIAL
»

NOT

1-71

121. 5
121. 8
122. 2
1

122. 4

MONTH

SEASONALLY A DJ US T ED

PREPARED PY FEDERAL
O C T OBER 2 ? , 1971

RESERVE

BANK OF S T .

LOUIS

WHOLESALE P R I C E S - I N D U S T R I A L COMMOD I T I E S ♦
COMPOUNDED ANNUAL RAT ES OF CHANGE

1
o

T ERMI NAL
I N I T I A L MONTH
MCNTH__________________________________ ____________________________________________________________________________
2-70
3-70
4- 70
5- 70
6-70
7- 70
8- 70
10- 70 11- 70 12- 70 ■T - t r ..1 - 7 Ï ” T - ? r ’™ 7 Y .... T T T
3-7C

3.4

4.5

5-7C

3.7

4. 5

4.5

6-70

3. 1

3.3

2.8

i.i

7-70

2 .9

3. 1

2.6

1. 7

2.2

8-7 0

2.H

2.9

2.5

1 .8

2.2

2.2

9 -7 C

2.7

2.8

2. 4

1.9

2.2

2.2

2.2

10-70

3.6

3.8

3.7

3.5

4.2

4. 8

6. 1

1967 « |00
___________________________

2.2

4-70

.

™ 7 T "7*71"" " P I I ....
108. 9
109. 3

I
r

1

v

Ì09.7
109. 8
110. 0
ilô.i
\

,

110. 4

10.2

111. 3

1 1-70

3.2

3. 3

3 .2

2.9

3.3

3.6

4.1

5. C

0.0

12 - 7 C

3.3

3.4

3.3

3.1

3.5

3.7

4»1

4. 8

2.2

4. 4

1-71

3; 5

3.6

3.6

3.4

3.8

4.0

4.4

5. C

3.3

5. C

2-71

3 .5

3.6

3.5

3.4

3.7

3.9

4. 2

4.6

3.3

4. 4

4.4

3.3

3-71

3.5

3.6

3.5

3.4

3.7

3.8

4.1

4.4

3.3

4. 1

4.0

3.3

3.2

4-71

3.6

3.7

3.7

3.6

3.8

4.0

4.2

4.5

3.6

4.4

4.4

4.Û

4.3

5.4

5-71

3.7

3.8

3.7

3.6

3.9

4. C

4.3

4.5

3.7

4.4

4.4

4. 1

4.3

4.9

4.3

^

113.Ï

6-71

3.6

3.7

3.6

3.5

3.7

3.9

4 .C

4.2

3.5

4. 0

4. 0

3.7

3.8

4.0

3.2

2. 1

113, 9

7-71

3.7

3.8

3.8

3.7

3.9

4.1

4.3

4.5

3.9

4.3

4.3

4.1

4. 3

4.6

4.3

4,3

6.5

111.3

\ +. 3 .6 %
^
5. 5

111.7
i l 2.2

X

ili.5
112. 8
113. 3

114. 5

8-71

3,9

4.0

4.0

3.9

4.1

4.3

4.4

4.7

4.1

4.6

4.6

4.5

4.7

5. 0

4.8

5. 0

6.5

6.5

9-71

3.6

3.7

3.7

3.6

3.8

3.9

4.0

4.2

3.6

4.0

4.0

3.8

3.8

3.9

3.6

3. 5

3. 9

2.6

2-70

3-70

4-70

5- 70

6-70

7-70

8- 70

9 - 70

i. v - T Q

___________________________________________________________________________________ I N I T I A L
‘ NOT SEASCNALLY AD J US T E D




-UrJfi

- 1 . - 7 1 - ,? t 71 - 1 - 7 1 .

115. 1
-1.0

115. 0

- * - L L , T - I l , .fl T . I l . ,

MONTH

PREPARED BY FEDERAL RESERVE BANK OF S T . LOUIS
otTOBER 7 , 1971

13
RATIO

PR I C E S

SCALE

RATIO

SCALE

1967-100

1967-100

130

130
jan.

'63

M*tf. ‘
SS

ml

\ \
1f ' 69
/.

1
rsz

\

*
JUNE T O

se/3 ' / ?
.

125

1 25
+4

120

e S 2 '
CONSUL ER

1 15

+ 6 !Y

! 15

V

\
\

........... ..\ 1 1 0
1
i
|
-1105

1 10

‘’ ' s
‘P

105

S

100

95

1 2 0

/

1 0 0

+2. 9 Z ^

—

120

*
+/i . J Z

.... 11

95

!
—
!

.. ...r
1/
+3. 6’ ^

1 15

12 0

.
_L

1 15

y^ \ 15.0
1 10

1 1 0

+3. 9 2 /

\
i
105

105

+.
+ 1.6%

1 0 0

N D U S T R 1A L -...-

WHOL E S A L E

1 00

+Ch 6Z
95

95

1
JULY'S?

ifi. 'SS

J M ’63
A.

t

....... ...... 1 1

90
1963

1964

1965

1966

1967

ocr. •&
9
1

MA/ ’/O

t

ti

1968

1969
SOURCE:

P E R C E NT A GE S ARE ANNUAL R A T E S OF CHANGE FOR P E R I O D S
LA T E
S T DATA P LOT T E D:


1970

U.S.DEPARTMENT

SF A 'Z/

1971
OF LABOR

INDICATED.

S EP T E MB E R
P H F P A R F O RY F E D E R A L

RESERVE

!

4 .f
i !

BANK OF S T .

LOUIS

90

14
WHOLESALE PRI CES.
'■'«•»mumrn

ALL COMMODITIES »
rip ruANCF

AMMIIAI

OAT*«

1967

I N I T I A L MONTH

TERMINAL
I

3- 7 0

T
7- 70 “ 8=7r T T f T 1 5 = 7 0 - T P T c T T f - 7 r T = T T m T T " T - 7 T “ 4 - 7 F “ J - T T - T ^ r

6-70

5-70

4-70

7-71

M l " .......
1 0 9. 9

3-70

2. 2

4-70

l.l

0.0

5- 7Ò

1. 5

l.T

2.2

6-70

1. 6

1. 5

2.2

2.2

7- 7C

?.*

2.8

3. 7

4.4

6.7

8 - 70

1. 5

1. 3

1. 6

1. 5

l.l

2.5

1 0 9. 9
lifl.r
110. 3
1 1 0. 9
-4.2

11 0. 5

2.6

111.0

9-70

2.0

2.0

2. 4

0.5

5. 6

IC-7C

1. #

1. 7

2. 0

2.0

1. 9

0.4

2.7

o.c

II-7C

1. 5

1. 4

1. 6

1. 5

1. 3

0.0

1. 5

-0.5

-1.1

12- 70

1. 4

1. 3

1. 5

1. 4

1. 3

0.2

1. 4

O. C

0.0

l.l

1-71

2.1

2. 1

2. 3

2.3

2.3

1. 6

2.8

2.2

2.9

5.0

9. 0

111.0
IÌO.9
11 1. 0
111. 8
112. 8

2- 71

2. 8

2.9

3.2

3.3

3.4

3.0

4.2

3.9

4.9

7. 0

10.1

11. 3

3- 71

2.«

2.S

3. 1

3. 2

3. 3

2.9

3. 9

3. 6

4.4

5.8

7. 4

6.6

2. 1

4- 71

2.8

2.9

3. 1

3.2

3.3

2.9

3. 8

3. 6

4.2

5.3

6.3

5.5

2.7

11 3. 0
11 3. 3

3.2

11 3. 8

5- 71

3. 0

3. C

3. 3

3.4

3. 5

3. 1

4.0

3. 8

4.4

5.3

6.2

5.5

3.6

4.3

5.4

6- 71

3. 1

3.2

3.4

3. 5

3.6

3.3

4.1

4.0

4.5

5.3

6.0

5.5

4.0

4.7

5.4

5.4

7- 71

3. 1

3. 2

3.4

3.5

3.6

3. 3

4. 1

3. S

4.3

5.0

5.6

5. 1

3.9

4.3

4.7

4.3

11 4. 3
1 1 4. 6

3.2

114.9

8- 71

3. 1

3. 2

3.4

3.5

3. 6

3.3

4.0

3.8

4.2

4.8

5. 3

4.8

3. 8

4.1

4.3

3.9

3.2

3.2

9- 71

2.7

2. 8

2. 9

3.0

3. C

2.8

3.3

3. 2

3.4

3.9

4.2

3.6

2.6

2.7

2.6

1. 9

0.7

-0.5

-4.1

2-70

3- 70

4- 7C

5- 7 0

6-70

7-70

8-70

71

2- 7 1

3-71

4-71

5- 7 1

6-71

7- 71

8-71

9 - 7 0 10- 70 1 1 - 7 0 12 - 70
INITIAL

I

t

114. 5

MONTH

NCT SEASONALLY ADJUSTED
PREPARED BY
OCTOBER

7.

J L W. i l --------197

WHOLESALE PRICES - FARM PRODUCTS» AND PROCESSED FOQDS ANO FEEI1S*COMPOUNDED ANNUAL RATES OF CHANGE
IN ITIA L

TERM INAL

2-7s>
3- 7 0

«V
IT
1

5-70

-5.6

5-70

6-70

7- 7 0

8-70

9-7C I C- 70

1967 « 100

MONTH

11- 7C 12- 7C

1- 71

2-71

3- 7 1

4-71

5-71

6-71

7-71

8-71
1 1 2. 9

l.l

4-70

4-70

3- 7C

111.8

-11.1
-6.3

-8.7

11 1. 2
11 1. 7

6- 7 0

-2.9

-4.2

-0.5

5.5

7- 7 0

1. 3

1. 3

5.8

12. 5

8- 7 0

-2.8

-3.6

-1.6

0.0

9- 7 0

-0.3

-0.5

1. 7

3.6

10- 70

-3.3

-3.9

-2.7

-1.9

- 3 . 7 -1C.5

-4.8 -21.9

11- 70

- *•4

-4.0

-2.9

-2.3

-3.8

-9.0

-4.6 -13.6

-4.3

12- 70

-3.7

l
*
IN
»

*

too

-3.3

-2.9

-4.1

-8.5

-5.0 -11.2

-5.3

—6 . 4

1- 71

-2.0

-2.3

-1.3

-0.7

-1.5

-4.7

-1.1

-5.0

1.5

4.4

16.5

2- 71

0.7

0.7

1. 9

2.9

2.6

C.3

4.4

2.1

9.2

14 . 2

26. 1

36.4

3- 71

0.5

a.

1. 6

2.4

2.0

C. O

3.4

1.4

6.9

9.9

15.9

15.6

-2.1

.
<
M
1

4

113.4

19 . 9

3.3

11 1. 2

-2C.9
-4.2

112.6

16. 2

1 1 0. 3
109. 9
109é3
110. 7
113.6
11 3. 4

4- 71

0.4

C.3

1. 3

2.1

1.7

-C.l

2.8

1. 1

5.5

7.6

11.4

9.7

-1.6

-1.1

5- 71

1. 1

1. 1

2.1

2.8

2.5

1. 0

3.7

2.3

6.3

8.2

11 . 3

10. 1

2.5

4.9

11.1

113.3

6- 7 1

1. 7

1.8

2. A

3.9

3.3

1.9

4.5

3.3

7.C

8.7

11.5

10 . 5

4.8

7.2

11.6

114.3
115.4

12 . 2

7- 71

1. 4

1. 4

2.3

2.9

2.7

1.4

3.7

2.6

5.7

7.0

9.1

7.9

3.0

4.3

6.1 * 3.7

-4.1

e-7i

l.l

1.1

1. 9

2.4

2.2

1.0

3.1

1. 9

4.7

5.7

7.4

6.1

1.8

2.6

3.5

-4.1

9- 71

<•.!

0.1

0.8

1.2

0.9

-0.3

1.5

0.4

2.7

3.4

4.5

3.1

-0.9

-0.7

-0.6

^2-70

3-70

4-70 __5-70

6-70

7-70

8-70

9-7G 10-70 11-70 12-70

1-71

2-71

3-71

4-71

1. 1
-3.4
5-71

115.0
114*6

-4.1

-8.1 -10.0 -15.5
6-71

7-71

113.0

•-71

INITIAL MONTH
*

NCT

SEASONALLY

ADJUSTEO




reserve

b «w k

O f ST. L O U I S

15
GENERAL P R I C E
RATIO

INDEX*

SCALE

RATIO

1 95 8 - 1 0 0

SCALE

1958-100

1963

1964

1965

1966

1967

«AS USED IN NATIONAL INCOME ACCOUNTS

1968

1969

1970

19 71

SOURCEt U .S. DEPARTMENT OF COMMERCE

PERCENTAGES ARE ANNUAL RATES OF CHANCE FOR PERIODS INDICATED.
LATEST DATA PLOTTED* 3RD QUARTER PRELIMINARY
PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

IMPLICIT P R I C E np F L A T D R FOR GR O S S N A T I O N A L PRODUCT
___________ C O M P O U N D E D A N N U A L R A T F S O F C H A N G E ________________________________
TFRMfMAL
OUARTFP

INITIAL
4-'.6

1-67

2-6 7

3-67

4-67

1-63

2-68

3-68

4-68

1958 =

QUARTER
2-69

1-69

3-69

4-69

1-70

2-70

4-70

3-70

1-71

100

2-71
116.2

1-67

2.8

2-67

2.4

2.1

3-67

3.0

3.1

4-6 7

3.5

3.7

4.5

4.8

1— 6 3

3.5

3.6

4. 1

4. 1

? .4

?-68

3.6

3.7

4. 1

4. 1

3.7

4.0

3-6 3

3.7

3.8

4.?

4.?

3.0

4.2

4.3

4-6 8

3. «

3.9

4.?

4.2

4.1

4. 5

4.5

4.6

1 -6 0

3.8

4.0

4.2

4.2

A. 1

4.3

4.4

4.4

4.?

2-69

4.0

4. 1

4.4

4.4

4.4

4.6

4.7

4. «

4.9

116.8
N.
4.2

118.0

+ v l 9° /

119.4
120.4
121.6

A - A ft°/

122.9
124.3
125.6

......\
5.5

127.3

+5.8%

3-69

4. ?

4.3

4.6

4.6

4.6

4.8

5.0

5.1

5.3

5.P

6.1

4-69

4.2

4.4

4.6

4.6

4.6

4.8

4.9

5.C

5.1

5. 5

5.4

4.7

1-7C

4.4

4.6

4.3

4.8

4.9

5.0

5.2

5.3

5.4

5. 7

5.8

5.7

129.2
130.7

6.6

132.8

7-7C

4.4

4.6

4. «

4.'j

4. 3

5.0

5.1

5.2

5.3

5.5

5.5

5.3

5.6

4.6

3-7 3

4.5

4.6

4.8

4.8

4.8

5.0

5.1

5.2

5.3

5.4

5.4

5.3

5.4

4.9

4- 7~

4.6

4.7

4.9

6. C

5

5.1

5.2

5.3

5.4

5.6

5.6

5.5

5.7

5.4

5.7

6.3

1-71

4.6

4.7

4.9

5.0

5.0

— _.. 1
5_

5.2

5.3

5.4

5.5

5.5

5.4

5.6

5.3

5.6

5.8

5.3

..£ ?.7__ 4 . 9

134.3

c +4 8%—

136.0
138.1

\

139.9

4.9

4 .^

5.0

5.1

5.2

5.3

5.4

5.4

5.2

5.3

5.1

5.2

5.2

4.7

4.1

4.5

4.6

4.8

4.8

4.6

4 .0

5.0

5.0

5.1

5. 1

5.1

5.0

5.0

4.8

4.8

4.7

4.2

3.6

3.2

4-66

1-67

2-67

3-67

4-67

1-6?,

2-68

3-68

4-68

1-69

2-69

3-69

2-70

3-70

4-70

1-71

2-71

INITIAL
P-

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1
-j

4.6

3-7 1

■
P
*
1
>

2-71

141.3
142.4P

QUARTER

PRf LI MI N Ar?Y




PREPARED BY FEDERAL
OCTOBER 2 2 » 1971

RFSFRVC

BANK OF S T .

LOUIS

I N V E N T O R I E S COMPARED WITH MONTHLY S A L E S *
MANUFACTURING

* R A T ! OS B A S E D

ON S E A S O N A L L Y

ADJUSTED

AND

TRADE

DATA.

S OURCEt

U . S . DEPARTMENT

OF

COMMERCE

SHAD E D A R E A S R E P R E S E N T 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
AS D E F I N E D BY THE N A T I O N A L BUREAU OF E C O N O M I C R E S E A R C H .
♦LATEST


http://fraser.stlouisfed.org/ E I N G
B
Federal Reserve Bank of St. Louis

DATA

PLOTTED:

REVISED).

JULY

PRELIMINARY,

AUGUST

UNOFFICIAL
PREPARED

ESTIMATE

BY F E D E R A L

(RETAIL
RESERVE

SALES
BANK

SAMPLE

OF S T .

LOUIS

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