Full text of National Economic Trends : February 1979
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nfmonRL Economic m enas PREPARED MONTH ENDING: BY FEDERAL RESERVE BANK OF ST. LOUIS RELEASED: January 31, 1979 February 28, 1979 The pace of economic activity appears to have moderated In January following the rapid advance of the prior three months. The growth of Industrial production and retail sales, which slowed In January of this year, declined during the sane month of 1977 and 1978 (see table below). Severe weather conditions contributed, In part, to each of these slowdowns. Personal Income also rose less rapidly in January of the past three years when compared with the rate of increase from September to December of each preceding year. Special factors, such as autoaatic increases in social security taxes in January, December payments of stock dividends in 1977 and 1978, and adjustments in government payments to grain farmers, caused personal income to expand in December and to slow in January. Payroll employment also advanced more slowly in January 1978 and 1979, while increasing slightly from December to January 1977. The moderation in economic activity in January of the past three years has been accompanied by an accelerating rate of price increases. Consumer prices and producer prices for industrial commodities rose at a more rapid rate in January of each of the last three years than they did during each preceding three-month period. ANNUAL RATES OF CHANGE Sept. Dec. 1976 Dec. 1976 Jan. 1977 Sept. Dec. 1977 Personal Income 13.8% Retail Sales 27.3 -19.5 17.2 Industrial Production 7.6 -6.1 Payroll Employment 2.4 Industrial Commodities Prices Consumer Prices 3.5% 14.1% Dec. 1977 Jan. 1978 4.8% Sept. Dec. 1978 Dec. 1978 Jan. 1979 15.2% 5.3% -30.2 20.0 4.4 3.5 -7.5 7.5 1.6 2.7 3.6 2.2 5.1 4.6 6.4 6.6 4.9 9.4 9.3 16.0 5.0 9.3 5.8 8.7 8.9 12.5 TOTAL C IV IL IA N EMPLOYMENT COMPOUNOEO ANNUAL RATES OF CHANGE TERMINAL ***** 7 -7 7 " I N I T I A L MONTHTHOUSANDS _________________________________________________________________________________________________________________________________________________ OP PfcKSONS 6 -7 7 7 -7 7 8 -7 7 9 -7 7 1 0 -7 7 1 1 -7 7 1 2 -7 7 1 -7 8 2 -7 8 3 -7 8 4 -7 8 6 -7 8 5 -7 8 7 -7 8 8 -7 8 9 -7 8 10—78 1 1 -7 8 1 2 -7 8 T .V "1 P f? ~ ~VÖ760S 4 .7 T 9—77 3 .1 1 0 -7 7 2 .9 1 1 -7 7 y o ,* o j 3 .9 3 .8 VI y1H / 3 .4 3 .1 2 .5 5 .4 5 .8 6 .9 *7*3 >4 1 1 .4 97 7 Ï 0 J 1 2 -7 7 4 .6 5*3 5 .6 6 .2 8 .1 4 .8 l-t a 4*6 5 .2 ' 5 .4 5 .8 7 .0 4 .8 4 .8 ¿ -7 è 4 .3 *•7 4*è 5 .0 5 .6 3 .7 3 .2 3—78 4*1 4 .4 4 .* 4*6 5 .1 3 .6 3 .2 2 .3 3 .1 4 -> 8 4 .3 4 .6 4 .t 4 .8 5*2 4 .0 3 .8 3 .4 4 .3 5 .6 V2,t>61 V 2**¿3 1 .6 93*047 93*282 9 3 ,7 0 4 5 -7 8 4*2 4 .5 4*5 4 .6 4 .9 3 .8 3 .6 3 .4 4 .0 4 .4 3 .2 4—78 4*6 4 .9 5 .0 5 .1 5 .4 4 .6 4 .5 4 .5 5 .2 6 .0 6 .1 9 .1 7 -7 8 4*0 4 .2 4 .3 4 .3 4 .5 3 .7 3 .5 3 .3 3 .6 3 .8 3 .2 3 .2 -2 .4 8 -7 8 4*0 4 .2 4 .2 4 .2 4 .4 3 .7 3 .5 3 .3 3 .6 3 .7 3 .3 3 .3 0 .5 3 .6 3 .5 3 .4 3 .6 3 .7 3 .4 3 .4 1 .6 3 .6 * > ,9 5 3 94*640 94*446 94*723 9 -7 8 4*0 4 .2 4 .2 4 .2 4 .3 3 .7 1 0 -7 8 3*9 4 .1 4 .1 4 .1 4 .2 3 .6 3 .5 3 .3 3 .6 3 .6 3 .3 3 .3 1 .9 3 .4 3 .3 3 .0 ii-T è 4 .1 4 .2 4 .2 4 .3 4 .4 3 .8 3 .8 3 .7 3 .9 4 .0 3 .8 3 .9 2 .8 4 .2 4 .4 4 .8 6 .6 ' lJ f -W ” ¿ .9 4*1 4 .1 4 .1 4 .2 3 .7 3 .6 3 .4 3 .6 3 .7 3 .5 3 .5 2 .6 3 .6 3*6 3 .6 3 .9 1*3 t - n 4*0 4 .1 4 .2 4 .i 4 .3 3 .8 3 .7 3 .6 3 .é 3 .9 3 .7 3*8 3 .0 4 .0 4 .0 4 .1 4 .5 3 .5 6 -7 7 7 -7 7 8 -7 7 9 -7 7 1 0 -7 7 1 1 -7 7 1 2 -7 7 1 -7 8 2 -7 8 3 -7 8 4 -7 8 5 -7 8 6 -7 8 7 -7 8 8 -7 8 3 .7 95*01C 95*241 95 ,7*1 95*855 V 6.30 Ü 5 .7 9 -7 8 1 0 -7 8 1 1 -7 8 1 2 -7 8 I N I T I A L MONTH ___________PAYROLL EMPLOYMENT_________ COMPOUNOEO ANNUAL RATES OF CHANCE tER N INA L MONTH IN I T I A L MONTH 6 -n > -7 7 8 -7 7 9 -7 7 1 0 -7 7 1 1 -7 7 1 2 -7 7 1 -7 6 2 -7 8 3 -7 8 4 -7 8 THOUSANOS OF PERSONS 5 -7 8 6 -7 8 7 -7 8 8 -7 8 9 -7 8 1 0 -7 8 1 1 -7 8 1 2 -7 8 82*455 ¿ .6 8 -7 7 2 .4 2 .2 82*603 9 -7 7 3 .4 3 .8 5*5 1 0 -t 7 3 .4 3 .7 4 .4 3 .3 1 1 -7 7 3 .8 4 .0 4*7 4*2 5 .2 1 2 -7 7 3 .5 3 .7 4*1 3 .6 3*8 2 .5 62*973 83*199 83*549 8 3 ,7 1 9 i-t i i.i 3 .5 i.t 3 .3 3 .3 2 .3 l i t * -> 8 3 .5 3 .6 3 .9 3 .6 3 .6 3 .1 3 .4 4 .6 83*871 3 -7 8 4*6 4 .2 " 4* 4 4 .3 4 .* ' 4 .3 4* 9 6*3 7 .9 4 -7 8 4 .6 4 .8 £ .2 5*1 5 .4 * ;r 6 .2 7 .6 9*1 64*188 64*726 85*418 1 0 .3 5 -7 8 4 .4 4 .6 4 .9 4 .8 5 .0 5 .0 5 .5 6 .4 7 .0 6 .5 2 .8 6 -t B 4 .5 4 .7 4 .9 4 .9 5 .1 5 .1 5 .5 6 .2 6 .6 6 .1 4 .1 5 .4 85*614 7 -* 8 4 .2 4 .3 4 .5 4 .4 4 .6 4 .5 4*8 5 .2 5 .3 4 .7 2 .9 2 .9 8 -7 8 4 .0 4 .1 4*3 4*2 4 .3 4 .2 4 .4 4 .7 4 .7 4 .1 2 .6 2 .5 1 .1 1 .6 9 —78 3 .8 3 .8 4 .0 3 .8 3 .9 3 .8 3 .9 4 .1 4 .1 3 .4 2 .1 1 .9 0 .8 0 .9 0 .2 10—’J i 3*9 4 .0 4 .1 4 .0 4 .1 4 .0 4 .1 4 .3 4*3 3 .8 2 .7 2 .7 2 .0 2*5 3 .0 5*9 85 *996 86*033 0 .5 66*149 86*163 86*573 11—78 4 .0 4 .1 4 .3 4 .2 4 .2 4 .2 4 .3 4 .5 4 .5 4*1 3 .3 3 .3 2 .9 3 .5 4*2 6 .2 6 .6 1 2 -7 8 4 .0 4*1 4 .2 4 .1 4*2 4*1 4 .2 4 .4 4 .4 4 .0 3 .2 3 .3 2 .9 3 .4 3*9 5 .1 4 .8 3 .0 4 .0 4 .1 4 .2 4 .1 4 .2 4 .1 4 .2 4 .4 4 .4 4 .0 3 .4 3 .4 3 .2 3 .6 4 .0 5 .0 9 .7 3 .8 6 -7 7 7 -7 7 8 -7 7 9 -7 7 1 0 -7 7 1 1 -7 7 1 2 -7 7 1 -7 8 2 -7 8 3 -7 8 4 -7 8 5 -7 8 6 -7 8 7 -7 8 8 -7 8 i-f * ~ 8 7 ,0 3 6 o7*?48P 4 .6 87*573P 9 -7 8 1 0 -7 8 1 1 -7 8 1 2 -7 8 I N I T I A L MONTH P - P R E L I M I N A R Y __________________________________________________________________________________________________________________________ ______________ _______ ________________________________________________________________________________________________________________ PREPAREO BY FfcOERAL RESERVE BANK OF S K ----------------------------FEBRUARY 2 , 1979 LO UIS 2 EMPLOYMENT RATIO RATIO SCALE 1971 1972 1973 1974 1975 1976 1977 1978 SCALE 1979 SOURCE« U.S.DEPARTMENT OF LABOR PERCENTAGES ARE ANNUAL RATES OF CHANCE FOR PERIOOS INOICATEO. LATEST OATA PLOTTEOt JANUARY PRELIMINARY PREPARED BY FEOERAL RESERVE BANK OF S T. LOUIS UNEMPLOYMENT RATE SEASONALLY ADJUSTED PERCENT PERCENT 10. 0 9. 9 .0 8. 8.0 r .O 6. 6.0 5. 5 .0 4. 4 .0 3. 3 .0 2. 1971 1972 1973 1974 1975 1976 1977 1978 1979 SOURCEt U .S . OEPARTMCNT OF LABOR PERCENT OF C IV IL IA N LABOR FOftCfc LATEST OATA PLOTTEOt JANUARY PREPARED BY FEOERAL RESERVE BANK OF ST. LOUIS 3 2. 0 CONSUMER PRICE INOEX* SEASONALLY AOJUSTEO « ______ COMPOUNDED ANNUAL RATES OF CHANGE_________ TERMINAL MONTH _ 6-3 .7 7 -7 7 8 -7 7 -2=22_____1 ± J ____5 .0 4 .7 ____IN I T I A L MONTH_______________________ 9 - 7_7 IQ -7 7 U ~ -Z7 12^77 1-7 8 ^ 2 -7 3 ? -7 3 4 -7 3 H 6 6 -7 » 7 -7 8 1967«1QQ_- 8 -7 6 9 -7 8 1 0 -7 6 1 1 -7 6 1 2 -7 8 4,0 7 -7 7 4 ,7 1B3«0 JL & a «2 - -n r r * J ------ 1 0 -7 7 5 .1 ^ 4 _ — 5*4 5 .7 7 .4 -1 2 -7 7 >*Z . 5* 5 .. 5 .5 5 .0 6*7 6 .0 i-7 8 5 .7 6 .0 6 .1 6 .5 7 .4 7 .3 2 -7 8 6*0 6 .3 6 .4 6 .0 7 .5 7 .5 0 .3 0 .o \ 188-tt _Jr7 0 6*4 6 .7 6 .8 7 .2 7 .9 0 .0 0 .6 0 .6 1 9 0 .2 4 -7 8 6*8 7 .1 7 .3 7 .7 0*3 0 .5 9 .1 9 .3 9 .9 1 0 .6 \ 1 9 1 .8 _ _ * -7 * 7*1 7 .4 7 .6 0 .0 0 .6 0 .0 9 .4 9 .6 1 0 .1 1 0 .5 1 0 .5 \ 1 9 3 .4 7jl ± 7 tJL ... 7 t ? 0 .3 0 .0 9 .0 9 .6 9 .7 1 0 .2 1 0 .5 1 0 .4 0 .7 0 .9 9 .3 9 .4 9 .7 9 .8 9 .5 9 .0 7 .6 9 .0 9 .2 9 .2 8 .9 8 .3 7 .3 6 .9 1 1 -7 7 M O 7—78 la s .4 1 8 6 .3 1 \ 0 .7 1 8 7.6 1 0 .4 ^ 9 .3 % 1 9 5 .0 7±4 7«.? 1*9 0 .2 ... « - T * 7*± 7**.. 7 .0 0 .1 0 .5 9 -7 8 7 .6 7 .0 0 .0 0 .3 8 .7 0 .0 9 .1 9 .2 9 .3 9 .4 9 .1 8 .8 a .2 8 .5 1 0 .2 .1 9 -7 ? 7 .7 _• * £ _ 0 t* 0 .5 0 .0 9 .0 9 .3 9 .3 9 .5 9 .6 9 .4 9 .2 8 .9 9 .3 1 0 .5 . 19 6.2 19 7.3 19ft .9 10^8^^^ 2 0 0 .6 7%7 0 .0 0 .1 0 .4 0 .7 0 .0 9 .1 9 .2 9 .3 9 .3 9 .1 8 .9 8 .6 8 .8 9 .4 9 .1 1 2 -7 8 7 .B 0 .0 0 .2 0 .4 0 .7 0 .0 9 .1 9 .1 9 .2 9 .2 9 .0 0 .0 8 .6 0 .8 9 .2 8 .9 8 .0 * 1 -7 ? ••o B .2 • t* 0 .7 9 .0 9 .1 9 .4 9 .5 9 .5 9 .4 9 .3 9 .1 9 .4 9 .9 9 .8 9 .5 1 0 .5 6 -7 7 7 -7 7 0 -7 7 1 -7 0 2 -7 8 3 -7 8 4 -7 8 5 -7 0 6 -7 8 7 -7 8 0 -7 0 0 1 -2 0 9 -7 7 1 0 -7 7 1 1 -7 7 1 2 -7 7 2 0 1 .a . î \ 2D 3Ù Ì 1 2 .5 1 2 0 5 .2 _ 9—78 1 0 -7 0 1 1 -7 0 1 2 -7 0 I N I T I A L MONTH FOR URBAN WAGE EARNERS AND C LER IC A L WORKERS REVISED FROM 1974. PREPAREO BY FEOERAL RESERVE BANK OF ST* LO U IS FEBRUARY 2 6 . i i H . PRODUCER PRICE INDEX» ALL COMMODITIES - S F ASÜHÉLLY A D JU STED » COMPOUNDED ANNUAL RATES OF CHANGE TERMINAL aanarru I N I T I A L MONTH 6 -7 7 7 -7 7 8 -7 7 9 -7 7 1 0 -7 7 1 1 -7 7 1 2 -7 7 1 -7 8 7 -7 7 1 .2 0 -7 7 1 .9 2 .5 9 -7 7 2 .7 3 .4 1 0 -7 7 3 .4 4 .2 1 1 -7 7 4 .6 5 .5 6 .5 7 .6 9 .6 1 2 -7 7 4 .0 5 .5 6 .3 6 .9 7 .6 5 .6 1 -7 0 5 .5 6 .3 7 .0 7 .7 8*4 7 .8 1 0 .1 2 -7 0 6 .3 7 .1 7 .9 8 .6 9 .3 9 .2 1 1 .0 1 2 .0 2 -7 8 3 -7 8 4 -7 8 1967 * 100 5 -7 8 6 -7 8 7 -7 8 8 -7 8 9 -7 8 1 0 -7 8 1 1 -7 8 1 2 -7 0 1 9 4 .3 1 9 4 .7 4 .4 1 9 5 .4 5 .7 1 9 6 .3 1 9 7 .8 1 9 8 .7 2 0 0 .3 2 0 2 .2 3 -7 0 6 .0 7 .5 8 .2 6 .9 9 .5 9 .5 1 0 .9 1 1 .3 1 0 .6 4 -7 0 7 .5 0 .2 8 .9 9*6 1 0 .2 1 0 .4 1 1 .6 1 2 .1 1 2 .1 5 -7 0 7 .6 0 .2 8 .9 9 .4 1 0 .0 1 0 .0 11*0 1 1 .2 1 0 .9 1 1 .1 8 .5 " 6 -7 0 7 .7 0 .3 8 .9 9 .5 9 .9 1 0 .0 1 0 .7 1 0 .9 1 0 .6 1 0 .6 9 .1 9 . 7 ' xlO.3%" 2 0 9 .1 7 -7 0 7 .5 0 .1 8 .6 9 .0 9 .4 9 .4 9 .9 9 .9 9 .5 9 .2 7 .8 7 .5 2 1 0 .0 8 .6 8 .9 8 .8 9*2 9 .1 8 .6 8 .2 6 .8 8 .9 9 .3 9 .2 8 .8 8 .5 7 .5 2 0 3 .9 1 3 .7 2 0 6 .1 2 0 7 .5 4 .l" 7 .3 6 .5 7 .1 1 0 .1 0 -7 0 7 .3 7 .0 8 .2 9 -7 0 7 .5 **9 8 .4 O D • 6 .3 4 .7 9 .0 1 0 -7 0 0 .0 0 .5 8 .9 9 .3 9 .6 9 .6 1 0 .0 1 0 .0 9 .7 9 .6 8 .9 9 .0 8 .9 1 0 .1 1 3 .2 1 6 .4 1 1 -7 0 0 .0 0 .5 8 .9 9 .2 9 .5 9 .5 9 .9 9 .8 9 .6 9 .5 8 .9 9 .0 8 .8 9 .7 1 1 .7 1 2 .5 12—70 0 .0 0 .5 8 .8 9 .2 9 .4 9 .4 9 .7 9 .7 9 .4 9 .3 8 .8 8 .8 8 .7 9 .4 1 0 .8 1 1 .0 8 .4 1 -7 9 0 .5 9 .0 9 .4 9 .7 9 .9 1 0 .0 1 0 .3 1 0 .3 1 0 .2 10 .1 9 .8 9 .9 1 0 .0 1 0 .8 1 2 .1 1 2 .6 1 1 .4 10-71. 1 1 -7 7 12-72._.l-7fl . -2=2fl— 3-7B Wfl Wfl 6 -? a 7 -7 8 fr-77 7=22— fcr22.. 9 -7 7 -IN IT IA L 2 1 0 .7 ' 2 1 2 .4 2 1 5 .1 8 .7 2 1 6 .6 2 1 8 .0 1 2 .8 1 7 .8 ^ 2 2 1 .0 _*=2fl__ «»78 IÛ-7Ü- 11-78 12-78 MONTH «R E V IS E D FROM 1974* PREPARED BY P E P E R A I R F W I V F FEBRUARY 1 6 , 1979 4 RANK O F S T , L O U IS RATIO SCALE 1 967-100 PRICES RATIO S EA SO NA LL Y AD J US TE D SCALE 1967-100 U £ P I - U FOR ALL URBAN CONSUMERS f c C M -H FOR URBAN WA6E EARNERS ANO CLE R IC A L WORKERS * REVISED FRON 1 974. PERCENTA8ES ARE ANNUAL RATES OF CHAN6E FOR PERIOOS IN O IC A TE D . IU IS RATIO SCALE 1 967-100 * P R ODUCE R PRICES* SEA SO NA LL Y A D J US TE D RATIO SCALE 1967-100 R EV ISED FROM 19 7 4 . PREPAREO BY FEOERAL RESERVE BANK OF S T . LOUIS 5 PROOUCEK PRICE IN D E X , IN D U STR IAL COHNODITIES - SEASONALLY AOJUSTED* ___________________ CQMPQW P EP ANNUAL RATES OF CHANCE_____________________ TERM INAI MONTH _____________ -fr~77 7-77 7 -7 7 9*P 8 -7 7 7 .6 ?-_77 7f+____6>6 8-77 1 -7 8 __________ ____ 2 -7 8 3 -7 8 ____ 4 -7 8 _______________________________ 5 -7 8 __________ 6 -7 8 7 -7 8 8 -7 8 9 -7 8 1 0 -7 8 1 1 -7 8 1 2 -7 8 _____________________ m »9 19fr«? 6*9 JLSSLlÛ 6 .2 IS S ilA . -6 * 2 ____2*5____5*2____ ± ± 1 ___ 2*4 12-77 * i 2____ i ± £ ____* «4 -1-70 6*6____6 ^2 ____6*_2____6*jQ____*l*P____7 .8 .2-70 A*7__ _____fe*4__ _________ 7,6 _ i= z a _ 4 .9 4 .3 6 .2 ¿01*9 2 Q Ì.1 ____é i l ____é±2____¿±1____7 .1 _+ rJ8 7 .4 6 .4 6 .7 6 .8 6 .8 7 .8 .8.4____1*7____7 .9 _ .5 r J 0 7 .1 >*9 7 .0 7 .0 7 .1 7 .9 8 .2 7 .9 8 .1 9 .5 8 .5 6 -7 8 7 .2 7 .1 7 .2 7 .2 7 .3 8 .0 8 .4 8 .2 8 .3 9 .3 8 .8 9 .0 _ M fi.. 7 .4 7 .2 7 .3 7 .4 7 .5 8 .2 8 .4 8 .3 8 .5 9 .2 8 .8 9 .0 9 .0 2 1 0 .1 8 -7 8 7 .4 7 .3 7 .4 7 .4 7 .5 8 .1 8 .3 8 .2 8 .3 8 .9 8 .5 8 .6 8 .3 2 1 1 .4 1 0 .5 2 0 7 .1 \ 9 .1 % 2 o a .6 9 -7 8 7 .4 7 .3 7 .4 7 .4 7 .5 8 .1 8 .3 8 .1 8 .2 8 .7 8 .4 8 .3 8 ,1 7 ,7 7 ,6 1 0 -7 8 7 .7 7 .6 7 .7 7 .7 7 .8 8 .3 8 .6 8 .5 8 .6 9 .1 8 .8 8 .9 8 ,9 8 ,8 9 ,4 1 1 -3 8 .6 8 .7 9 .1 8 .9 9 .0 9 .0 9 .0 9 .A 1 0 ,3 «.1 8 .9 8 .7 8 .8 8 .7 8 .7 8 .9 9 .3 8 ,4 1 0 .9 2 1 2 -.7 2 1 4 ,6 1 1 -7 8 7 .8 7 .7 7 .8 7 .8 8 .0 8 .4 1 2 -7 8 7 .7 7 .7 7 .7 7 .8 7 .9 8 .4 8 .5 8 .5 1 -7 9 8 .2 8 .1 8 .2 8 .3 8 .4 8 .9 9 .1 9 .1 9 .2 9 .6 9 .5 9 .6 9 .7 9 .8 1 0 .3 1 1 .0 6 -7 7 7 -7 7 8 -7 7 9 -7 7 1 0 -7 7 1 1 -7 7 1 2 -7 7 1 -7 8 2 -7 8 3 -7 8 4 -7 8 5 -7 8 6 -7 8 7 -7 8 8 -7 8 9 -7 8 1 0 -7 8 1 1 -78 1 2 -7 8 71 A .7 7 ^ i \ 1 1 .6 1 6 .0 2 1 7 .5 1 2 2 0 .2 I N I T I A L MONTH o o TERMINAL I N I T I A L 1MONTH MHMTM 6 -7 7 7 -7 7 * 1 § rr PRODUCER PRICE INDEX. FARM PRODUCISI PROCESSED FOODÇ £ FFFD* - *FAS ANNUAL RATES OF CHANGE 0 . I N I T I A L MONTH 1 0 -7 7 1 1 -7 7 1 2 -7 7 6» 3 -1 6 = 7 7_____ 7*1____ ^ 5 ____6 .6 11-77 H 7 7 -7 7 8 -7 7 9 -7 7 1 0 -7 7 1 1 -7 7 1 2 -7 7 1 -7 8 2 -7 8 3 -7 8 4 -7 8 1967 * 100 5 -7 8 6 -7 8 7 -7 8 8 -7 8 9 -7 8 10 -7 8 1 1 -78 12 -7 8 -2 2 .5 1 8 6 .3 8 -7 7 -1 6 .9 -1 1 .0 9 -7 7 -1 3 . 2 -8 .1 -5 .1 1 0 -7 7 -8 .6 -3 .4 0 .7 6 .7 3 6 .9 1 8 4 .5 1 8 3 .7 1 8 4 .7 1 1 -7 7 -0 .9 5 .4 1 1 .5 2 0 .9 1 2 -7 7 0 .2 5 .5 1 0 .1 1 5 .6 2 0 .4 5 .8 1 -7 8 1 .9 6 .7 1 0 .6 1 4 .9 1 7 .7 9 .2 r^s 1 2 .6 2 -7 8 4 .9 9 .6 1 3 .4 1 7 .5 2 0 .4 1 5 .4 2 0 .4 1 8 9 .6 1 9 0 .5 1 9 2 .4 \ 2 8 .8 ^ 1 9 6 .5 3 -7 8 7 .7 1 2 .2 1 6 .0 2 0 .0 2 2 .8 1 9 .5 2 4 .4 3 0 .8 3 2 .8 4 -7 8 9 .6 1 3 .9 1 7 .5 2 1 .1 2 3 .7 2 1 .2 2 5 .3 2 9 .9 3 0 .4 2 8 .1 5 -7 8 9 .2 1 3 .0 1 6 .1 1 9 .0 2 0 .9 1 8 .4 2 1 .1 2 3 .3 2 1 .5 1 6 .2 5 .4 6 -7 8 9 .7 1 3 .2 1 5 .9 1 8 .5 2 0 .1 1 7 .9 2 0 .0 2 1 .6 1 9 .8 1 5 .8 1 0 .0 1 4 .9 7 -7 8 8 .2 1 1 .3 1 3 .6 1 5 .6 1 6 .6 1 4 .3 1 5 .6 1 6 .1 1 3 .7 9 .4 3 .8 2 .9 -7 .8 2 0 7 .3 8 -7 8 6 .9 9 .5 1 1 .4 1 3 .1 1 3 .7 1 1 .4 1 2 .1 1 2 .0 9 .5 5 .3 0 .3 -1 .4 —8 .6 2 0 5 .6 9 -7 8 7 .8 1 0 .4 1 2 .2 1 3 .8 1 4 .5 1 2 .5 1 3 .2 1 3 .3 1 1 .2 8 .0 4 .4 4 .1 0*8 5 .3 2 2 .5 10 -7 8 9 .4 1 1 .9 1 3 .7 1 5 .3 1 6 .1 1 4 .4 1 5 .2 15*5 1 4 .0 1 1 .5 9 .0 9 .7 8 .4 1 4 .4 2 8 .6 3 5 .0 1 1 -7 8 9 .3 1 1 .7 1 3 .4 1 4 .8 1 5 .4 1 3 .8 1 4 .6 1 4 .8 1 3 .3 1 1 .1 8 .8 9 .4 8 .4 1 2 .8 2 1 .4 2 0 .8 8 .1 1 5 .0 1 3 .5 1 4 .2 1 4 .3 1 3 .0 1 0 .9 9 .0 9 .5 8 .6 1 2 .2 1 8 .4 1 7 .1 9 .0 9 .9 1 5 .6 1 3 .9 1 6 .9 2 0 1 .2 2 0 5 .4 2 0 6 .3 2 0 8 .7 2 0 9 .1 2 1 4 .4 2 1 5 .8 1 2 -7 8 9 .3 1 1 .5 1 3 .1 1 4 .5 1 -7 9 1 0 .1 1 2 .2 1 3 .8 1 5 .1 1 4 .3 1 1 4 .9 1 5 .1 1 4 .0 1 2 .2 1 0 .6 1 1 .3 1 0 .7 1 4 .2 1 9 .6 1 8 .9 6-77 7-77 a-77 9-77 10-77 11-77 12-77 1-78 2-78 3-78 4-78 *-78 6-78 7-78 R-T8 «-78 BA-78 .1 LrrJtt .12.=28.. r 2 1 7 .5 -1 2 4 .4 ) 2 2 1 .5 IMITI Al MONTH •REVISED FROM 1 9 7 4 . PttEPâara b y F E DEIAL g E tf lW F RANK QF S I . IQ U IS FEBRUARY 16» 1979 6 INDUSTRIAL PRODUCTION R A T I O SCALE R A T I O SCALE ì 967-100 1967-100 SEASONALLY AOJUSTEO 1971 1972 1973 1974 1975 1976 1977 1978 1979 PERCENTA6ES ARE ANNUAL RATES OF CHANCE FOR fCJIIOOS INDICATED. LATEST DATA PLOTTEOi JANUARY PRELIMINARY PREPARED DV FEDERAL RESERVE DANK Of S T . LOUIS INDU S T M à ! rfiH H E T Iflü COMPOUNMO ANNUAL RATES OF CHANCE TERMINAL MONTH I N I T I A L MONTH 6 -7 7 7 -7 7 0 -7 7 9 -7 7 1 0 -7 7 1 1 -7 7 1 2 -7 7 T —77 0*1 0 -7 7 1*3 -5 .1 9 -7 7 2*0 -0 .9 3 .5 1 0 -7 7 2*4 0 .6 3 .5 3 .5 1 1 -7 7 2*6 1 .3 3 .5 3 .5 3 .5 1 2 -7 7 2*0 1 .7 3 .5 3 .5 3 .5 3 .5 1 -7 * 1*2 0 .1 1 .2 0 .7 -0 .3 -2 .1 r \ —7 .5 1 -7 0 2 -7 0 3 -7 0 4 -7 0 1967 « 100 5 -7 0 6 -7 0 7 -7 0 0 -7 0 9 -7 0 1 0 -7 0 1 1 -7 0 1 2 -7 0 1 3 0 .7 1 3 0 .1 - 13 0 .5 13 0 .9 1 3 9 .3 1 3 9 .7 \ 1 3 0 .0 2—70 1*5 0 .6 1 .6 1 .2 0 .6 -0 .3 -2 .1 3 -7 0 3*0 2 .4 3 .5 3 .5 3 .5 3 .5 3 .5 9 .4 1 5 .7 4 -7 0 4 .7 4 .3 5 .6 5 .9 6 .3 6 .9 7 .7 1 3 .3 1 0 .5 2 1 .4 5 -7 0 4 .0 4 .5 5 .6 5 .9 6 .2 6 .7 7 .4 1 1 .4 1 4 .2 1 3 .5 3 .5 1 3 9 .2 1 4 0 .9 1 4 3 .2 1 4 3 .9 £ OJ IS 6 .0 6 -7 0 5 .2 4 .9 5 .9 6 .2 6 .5 7 .0 7 .6 1 0 .9 1 2 .0 1 1 .0 7 .3 0 .7 7 -7 0 5 .5 5 .3 6 .3 6 .6 7 .0 7 .4 0 .0 1 0 .0 1 2 .3 1 1 .5 0 .3 9 .5 1 0 .4 0 -7 0 5 .0 5 .6 6 .5 6 .0 7 .1 7 .5 0 .0 1 0 .5 1 1 .7 1 0 .9 0 .4 9 .2 9 .5 0 .5 1 4 4 .9 14 6.1 14 7.1 9 -7 0 5 .0 5*6 6 .5 6 .7 7 .0 7 .4 7 .0 9 .9 1 0 .0 1 0 .0 7 .9 0 .4 0 .2 7 .2 5 .9 14 7.0 1 0 -7 0 5 .9 5 .7 6 .5 6 .0 7 .1 7 .4 7 .0 9 .6 1 0 .4 9 .7 7 .0 0 .2 0 .1 7 .3 6 .7 1 4 0 .7 1 1 -7 0 5 .9 5 .0 6 .6 6 .0 7 .0 7 .3 7 .7 9 .3 1 0 .0 9 .3 7 .7 7 .9 7 .0 7 .1 6 .7 7 .1 6 .7 1 2 -7 0 6 .1 5 .9 6 .7 6 .9 7 .1 7 .4 7 .7 9 .2 9 .0 9 .2 7 .7 0 .0 7 .9 7 .4 7 .1 7 .5 7 .5 0 .3 1 -7 9 5 .0 5 .7 6 .4 6 .5 6 .7 7 .0 7 .2 | 0 .6 9 .0 0 .4 7 .0 7 .2 7 .0 6 .4 6 .0 6 .0 5 .5 4 .9 6-77 7 -7 7 0 -7 7 2 -7 0 3 -7 0 4 -7 0 > -7 0 6 -7 0 7 -7 0 • —70 9 -7 7 1 0 -7 7 1 1 -7 7 1 2 -7 7 1 -7 0 \ 1 4 9 .5 15 0.5P 1 .6 ) 15 0.7P 9 —70 1 0 -7 0 1 1 -7 0 1 2 -7 0 I N I T I A L MONTH P - PRELIMINARY MtEFAftED AY FED« A L RESERVE BAMR O F ST. LOUIS FEBRUARY 15» I »T9 7 P E RS O NA L R A T I O SCALE I NCOME R A T I O SCALE MONTHLY TOTALS AT ANNUAL RATES T R I L L I O N S OF OOLLARS SEASONALLY ADJUSTED T R I L L I O N S OF DOLLARS SOURCE* U .S . OEPARTMENT OF COMMERCE PERCENTAOES ARE ANNUAL RATES Of CHANCE FOR PERIOOS INOICATEO. IS C O V O W K O ANNUAL RATES OF CHANCE ------------- --------------------------------------------------------------------------------------------------------------------I N I T I A L NONTH II 8 -7 7 I -------------------------------TERMINAL H O N TH 8 -7 7 7 -7 7 7—7 7 1 1 «5 • -7 7 9 .6 5 .8 V 77 1 0 .8 9 .5 13*4 1 0 -7 7 1 2 .3 1 1 .8 1 5 .0 1 8 .6 1 1 -T 7 1 2 -7 7 1 -7 8 2 -7 8 3 -7 8 4 -7 8 5 -7 8 6 -7 8 7 -7 8 8 -7 8 B IL L IO N S O f OOLLARS . - J MÌNIMI RATES 9 -7 8 10—T8 1 1 -7 8 1 2 -7 8 1* 5 3 3 .5 1 »> 4 0 .7 1* 5 5 6 «? 1 ,5 7 7 .0 11—77 1 2 .3 12*0 1 4 .2 1 4 .6 1 2 .6 1 2 -7 7 12*5 1 2 .3 1 3 .9 1 4 .1 1 2 .9 1 3 .2 1* 5 9 2 .7 1 «6 0 9 .2 1 -7 6 11*3 1 1 .0 1 2 .1 1 1 .7 1 0 .1 8 .9 4 .8 2—7 » 10*8 1 0 .4 1 1 .2 1 0 .8 9 .4 8 .4 6 .0 7 .3 3 -T 8 1 1 .5 1 1 .2 12*0 11*8 1 0 .9 1 0 .4 9 .5 1 2 .0 1 6 .9 ♦ -7 I 1 2 .1 1 2 .0 1 2 .8 1 2 .7 1 2 .1 1 1 .9 1 1 .6 1 4 .0 1 7 .6 1 8 .2 $ -7 1 11*9 1 1 .7 1 2 .4 1 2 .3 1 1 .7 1 1 .5 1 1 .2 1 2 .9 1 4 .8 1 3 .8 6 -7 « 11*0 1 1 *0 12*2 12*1 11*3 1 1 .3 11*0 12*3 13*8 12*6 9*8 1 0 .1 7—78 12*2 12*1 1 2 .7 1 2 .6 1 2 .2 1 2 .1 1 2 .0 1 3 .3 1 4 .5 1 3 .9 1 2 .5 1 4 .0 1 3 .5 1 2 .8 1 * 6 1 5 .5 1* 6 2 5 .0 1 * 6 4 6 .3 1 * 6 6 9 .4 9 .5 1 * 6 8 2 .1 1 * 6 9 5 .7 1 8 .0 1 * 7 1 9 .2 • -7 8 12*0 1 1 .8 1 2 .4 1 2 .3 1 1 .8 1 1 .8 1 1 .8 1 2 .6 1 1 .5 1 2 .2 1 3 .2 8 .6 ♦ -7 8 1 1 .8 1 1 .7 1 2 .2 1 2 .1 1 1 .7 1 1 .6 1 1 .4 1 2 .2 1 3 .0 1 2 .3 1 1 .2 1 1 .6 1 2 .1 9 .2 9 .8 1 0 -7 8 12*2 1 2 .1 1 2 .5 1 2 .5 1 2 .1 1 2 .1 1 2 .0 1 2 .8 1 3 .5 1 3 .0 1 2 .2 1 2 .8 1 3 .4 1 1 .9 1 3 .6 1 7 .6 1 1 -7 8 12*2 1 2 .1 1 2 .5 1 2 .5 1 2 .2 1 2 .1 1 2 .0 1 2 .8 1 3 .4 1 3 .0 1 2 .2 1 2 .7 1 3 .2 1 2 .1 1 3 .3 1 5 .0 12*5 1 2 -7 8 12*4 1 2 .3 1 2 .7 1 2 .7 1 2 .4 1 2 .4 1 2 .3 1 3 .0 1 3 .6 1 3 .3 1 2 .7 1 3 .1 1 3 .6 1 2 .8 1 3 .9 1 5 .2 1 4 .1 1 5 .7 1 -7 9 12*0 1 1 .9 1 2 .3 1 2 .2 1 1 .9 1 1 .9 1 1 .8 1 2 .4 1 2 .8 1 2 .4 1 1 .8 1 2 .1 1 2 .4 1 1 .5 1 2 .1 1 2 .7 1 1 .1 1 0 .4 8—7 7 7 -7 7 8 -7 7 9 -7 7 1 0 -7 7 1 1 -7 7 1 2 -7 7 1 -7 8 2 —78 3 -7 8 4 -7 8 5 -7 8 6—78 7 -7 8 8 -7 8 9 -7 8 1 0 -7 8 1 1 -7 8 1 2 -7 8 1 * 7 3 1 .1 1 * 7 4 4 .? 1 * 7 6 8 .4 1 * 7 8 5 .8 1 * 8 0 7 .6 5 .3 1* 815.4P I N I T I A L MONTH F — PRELIM M A R Y P R g f M EflLJUL JEEOEftJl L A U I H V F HAWK ÌÌF JSlJ . FEBRUARY 1 6 » 1979 8 LO U IS . .. RETAIL SALES R A T I O SCALE R A T I O SCALE B I L L I O N S OF DOLLARS 1971 1972 B I L L I O N S OF DOLLARS SEASONALLY ADJUSTED 1973 1974 1975 1976 1977 1978 1979 SOURCEt U .S . DEPARTMENT OF COMMERCE PERCENTAGES ARE ANNUAL RATES OF CHANCE FOR PERIOOS IN OICATED. LATEST OATA PLOTTED* OECEMtER, JANUARY AOVANCE ESTIMATE PREPARED DY FEOERAL RESERVE DANK OF S T . LOUIS COMPOUNDED iIMNUAL RATES OF CHANCE TERMINAL MOUTH I N I T I A L MONTH 6 -7 7 7 -7 7 7 -7 7 18*4 • -7 7 14*6 10*9 9 -7 7 11*2 7*8 8 -7 7 9 -7 7 1 0 -7 7 1 1 -7 7 1 2 -7 7 1 -7 8 2 -7 8 3 -7 8 4 -7 8 M ILLIO N S OF rmi i a« « 5 -7 8 6 -7 8 7 -7 8 8 -7 8 9 -7 8 1 0 -7 8 1 1 -7 8 1 2 -7 8 5 8 »669 5 9 ,1 7 7 4 .9 5 9 ,4 1 2 1 0 -7 7 15*6 1 4 .7 1 6 .7 2 9 .9 1 1 -7 7 16*5 16*0 1 7 .8 2 4 .8 2 0 .0 1 2 -7 7 14*2 13*3 1 4 .0 1 7 .2 1 1 .3 1 -7 « 6*4 4 .5 3 .3 2 .9 2 -T B 9*7 8 .6 8 .2 8 .8 4 .1 -0 .7 -2 .5 3 6 .1 3 -7 8 11*2 1 0 .3 1 0 .3 1 1 .2 7 .8 4 .9 5 .5 2 9 .8 2 3 .7 4 -7 # 1 2 .7 1 2 .1 1 2 .3 1 3 .3 1 0 .8 9 .1 1 0 .6 2 8 .9 2 5 .4 2 7 .2 5 -7 8 12*2 1 1 .6 1 1 .7 1 2 .6 1 0 .3 8 .8 9 .9 2 3 .1 1 9 .1 1 6 .8 7 .3 4 -7 8 11*6 1 1 .0 1 1 .0 1 1 .7 9 .6 8 .2 9 .1 1 9 .3 1 5 .4 1 2 .8 6 .2 5 .2 T -T 8 10*3 9 .7 9 .6 1 0 .0 8 .0 6 .6 7 .1 1 5 .1 1 1 .2 8 .3 2 .7 0 .5 -4 .0 6 0 ,7 2 0 6 1 ,6 5 0 3 .2 -4 .7 -1 5 .1 6 1 ,8 1 3 -3 0 . 2 5 9 ,9 8 7 61 ,5 4 8 6 2 ,6 4 9 6 3 ,9 1 7 64 ,2 9 2 6 4 ,5 6 5 6 4 ,3 4 3 8 -7 8 11*8 1 1 .3 1 1 .3 1 1 .9 1 0 .2 9 .2 1 0 .0 1 7 .4 1 4 .5 1 2 .8 9 .4 1 0 .1 1 2 .7 3 2 .3 9—78 11*6 1 1 .1 1 1 .1 1 1 .7 1 0 .2 9 .2 9 .9 1 6 .3 1 3 .7 1 2 .2 9 .4 9 .9 1 1 .5 2 0 .2 9 .2 1 0 -7 8 12*1 1 1 .7 1 1 .8 1 2 .3 1 1 .0 1 0 .2 1 0 .9 1 6 .8 1 4 .6 1 3 .3 1 1 .2 1 2 .0 1 3 .7 2 0 .3 1 4 .7 2 0 .6 1 1 -7 8 12*8 1 2 .4 1 2 .5 1 3 .1 1 1 .9 1 1 .2 1 2 .0 1 7 .4 1 5 .5 1 2 -7 8 12*9 1 2 .6 1 2 .7 1 3 .3 1 2 .2 1 1 .6 1 2 .3 1 7 .3 1 -7 9 12*5 12 .2 1 2 .2 1 2 .7 1 1 .7 1 1 .1 1 1 .7 1 6 .2 6 -7 7 7 -7 7 A—77 9 —77 1 0 -7 7 1 1 -7 7 1 2 -7 7 1 -7 8 6 6 ,3 4 7 6 7 ,3 8 9 1 5 .5 2 1 .0 1 7 .5 2 1 .9 1 4 .1 1 5 .7 2 0 .1 1 7 .2 2 0 .0 1 9 .7 1 6 .4 1 2 .9 1 4 .0 1 7 .3 1 4 .5 1 5 .9 1 4 .4 1 0 .2 1 4 .5 1 2 .8 1 5 .6 1 4 .7 1 3 .2 1 4 .5 1 3 .6 1 2 .2 2-711 3 -7 « 4 -7 « « —7A I M I T I Al 6 5 ,«6 2 1 3 .8 7 -7 A 2 3 .2 6 8 ,5 7 2 6 9 ,443P 4 .4 6 9 ,6 9 4 t O -T A 1A -7A 11-7 ft 1 7 -7 A MHMTM P - PRELIM INARY E - ESTIM ATED PREPARED BY EFOFBAi RI-SFRVF RÉIH flF FEBRUARY 1 4 , 1979 9 1 f i l l * ----- HOURLY COMPENSATION, PRIVATE BUSINESS SECTOR COHPOUNPEO ANNUAL RATES OF CHANGE_________ I N I T I A L QUARTER QUARTER A— f H 3 -7 5 2 -7 4 13tP 3—74_ 13 .5 1 4 .G 4 -7 4 1 2 .6 1 ^ 4 -7 5 3 -7 6 2 -7 7 3 -7 7 * -7 7 i-7 8 2 -7 # 1 6 ^ .3 L _ 1 6 7.7 1 0 .7 17 2.0 1 -7 5 12 1 1 .7 — 1 0 .6 2 -7 5 1 1 .2 1 0 .8 9 .7 9 .3 v Z M % 7 .9 3 -7 5 1 0 .5 1 0 .0 9 .0 8 .5 7 .4 6 .8 4 -7 5 1 0 .3 9 .8 9 .0 8 .6 7 .9 7 .9 ' , . o 1 -7 6 1 0 .1 9 .7 9 .0 8 .7 8 .2 8 .3 9 .1 2 -7 6 9 .9 9 .6 8 ,9 8 .7 8 .3 8 .3 1 0 .6 1 17 6 .4 17 9.8 1 8 2 .8 V \ 1 8 6.8 1 9 0 .9 8 .7 8 .4 19 4.8 3 -7 6 9 .9 9 .6 9 .0 8 .Ö 8 .5 8 .6 9 .0 9 .0 9 .0 9 .6 4 -7 6 9 .8 9 .5 9 .0 8 .8 8 f5 8 .6 9 .0 9 .0 9 .0 9 .2 8 .9 1 -7 7 9 .6 9 .3 8 .9 8 .7 8 .5 8 .5 8 .8 8 .8 8 .7 8 .8 8 .4 7 .9 2 -7 7 9 .4 9 .1 8 .6 8 .4 8 .2 8 .2 8 .4 8 .3 8 .1 8 .1 7 .6 6 .9 1 9 9 .3 2 0 3 .6 ^ 8 .8 % 2 0 7 .5 5 .9 Z IO .5 3 -7 7 9 t4 9 .1 8 .7 8 .5 8 .3 8 .3 8 .5 8 .5 8 .3 8 .3 8 .0 7 .7 7 .7 4 -7 7 _ 9 .2 8 .9 8 .5 8 .4 8 .1 8 .2 8 .3 8 .2 8 .1 8 .1 7 .8 7 .5 7 .3 8 .0 6 .7 9 .4 1 2 .2 N \ 8 .0 9 .3 2 1 5 .3 1 -7 8 9 .4 9 .1 8 .8 8 .6 8 .5 8 .5 8 .7 8 .7 8 .6 8 .6 8 .5 8 .4 8 .5 9 .4 2 -7 8 9 .3 9 .1 8 .7 8 .6 8 .4 8 .5 8 .6 8 .6 8 .5 8 .6 8 .4 8 .3 8 .4 « * 9> o 4 1 0 .1 3 -7 8 9 .4 9 .1 8 .8 8 .7 8 .6 8 .6 8 .8 8 .8 8 .7 8 .8 8 .7 a. 6 a .a 9 .4 9 .3 1 0 .2 9 .3 9 .1 8 .8 8 .7 8 .6 8 .6 8 .8 8 .8 8 .7 8 .8 8 .7 8 .6 8 .7 9 .2 9 .2 • 00 2 1 8 .8 1 -7 4 2 -7 4 3 -7 4 4 -7 4 1 -7 5 2 -7 5 3 -7 5 4 -7 5 1 -7 6 2 -7 6 3 -7 6 4 -7 6 1 -7 7 2 -7 7 3 -7 7 4 -7 7 1 -7 8 2 -7 8 3 -7 8 4 -7 7 1 -7 8 2 -7 8 3 -7 8 • o 4 -7 8 2 2 5 .2 2 2 V .6 IO . 5 9 .5 2 3 5 .4 8 .6 ^ 2 4 0 .3 I N I T I A L QUARTER OUTPUT PER HOUR OF ALL PERSONS, PR IVATE BUSINESS SECTOR TERMINAL QUARTER 2 -7 4 1967 « 100 I N I T I A L QUARTER 1 -7 4 2 -7 4 3 -7 4 4 -7 4 1 -7 5 2 -7 5 3 -7 5 4 -7 5 1 -7 6 2 -7 6 3 -7 6 4 -7 6 1 -7 7 2 -7 7 3 -7 7 -1 .8 1 1 0 .4 3 -7 4 -1 .8 -1 .8 4 -7 4 -2 .0 -2 .2 -2 .5 i-7 5 -lt 4 _ -l* 2 .-G ,9 1 -7 4 2 -7 4 3 -7 4 109.9 109.2 0 .7 ,— 4 -7 4 1 -7 5 1 0 9 .4 2 -7 5 3 -7 5 4 -7 5 1 -7 6 2 -7 6 3 -7 6 4 -7 6 1 -7 7 2 -7 7 3 -7 7 4 -7 7 1 -7 8 2 -7 8 3 -7 8 I N I T I A L QUARTER PREPARED BY FEOERAL RESERVE BANK OF S T* LO U IS February 28, ,1979 10 P R O D U C T IV IT Y , COMPENSATION, AND LABOR COSTS RATIO S CAL E RATIO 1967-100 1971 1972 1973 1974 1975 1976 1977 SOURCES U . S . P ERC EN TAGES ARE ANNUAL R A TES OF C H A M E FOR FER IO O S L A T E S T O ATA P L O TTE D * SCAL E 1967-100 SEASONALLY AOJUSTEO 1978 1979 DEPAR TM EN T OF LABOR I NO I C A T E O . 4 TH OUARTER P REfAREO I t FEOERAL RESERVE BANK OF 8 T . L O U IS __________________U N IT LABOR C O S TS , PRIVATE BUSINESS SECTOR COMPOUNOED ANNUAL RATES OF CHANGE TERMINAL I N I T I A L QUARTER 1967 « 100 -flUâ&IEfi______________________________________________________________________________________________________________________________________________________________________ 1 -7 4 2 -7 4 3 -7 4 4 -7 4 1 -7 5 1 -7 6 2 -7 6 3 -7 6 4 -7 6 2 -7 5 3 -7 5 4 -7 5 1 -7 7 2 -7 7 3 -7 7 4 -7 7 1 -7 8 2 -7 8 3 -7 8 2 -7 4 15*2 1 4 7 .0 3 -7 4 15*6 1 6 .1 4 -7 4 15*0 1 4 .9 1 3 .8 1 -7 5 1 3 .6 1 3 .1 1 1 .6 2 -7 5 1 0 .1 8 .9 6 .6 3 .2 —2 .7 1 6 0 .1 3 -7 5 8 .1 6 .7 4 .5 1 .6 ^T] 1 5 9 .5 4 -7 5 8 .5 7 .5 5 .8 3 .9 2 .2 4 .7 *1 1.2^ 1 -7 6 8*0 7 .0 5 .5 3 .9 2 .6 4 .4 7 .5 4 .0 V 1 5 2 .6 1 5 7 .6 9 *5 1 6 1 .¿ 2 .1 % 16 * .8 1 6 5 .4 2 -7 6 7*7 6 .8 5 .5 4 .2 3 .2 4 .7 6 .9 4 .8 5 .7 3 -7 6 7*5 6 .7 5 .6 4 .5 3 .6 5 .0 6 .6 5 .2 5 .8 5*8 4 -7 6 7 .7 6 .9 6 .0 5 .0 4 .4 5 .6 7 .1 6 .1 6 .8 7*4 9 .0 1 6 7 .7 1 7 0 .1 1 7 3 .8 1 -7 7 7 .4 6 .8 5 .9 5 .0 4 .5 5 .6 6 .8 5 .9 6 .4 6*7 7 .1 5 .2 2 -7 7 7 .5 6 .8 6 .0 5 .3 4 .8 5 .8 6 .9 6 .2 6 .7 6 .9 7 .3 6 .4 7 .7 ^ 3 -7 7 7 .2 6 .6 5 .9 5 .2 4 .8 5 .6 6 .6 5 .9 6 .2 6 .3 6 .5 5 .6 5 .9 4 -7 7 7 .2 6 .6 5 .9 5 .3 4 .9 5 .7 6 .5 6 .0 6 .2 6 .3 6 .4 5 .8 6 .0 5*2 6*3 1 -7 8 7 .8 7 .3 6 .7 6 .2 5 .9 6 .7 7 .6 7 .2 7 .6 7 .8 8 .2 8 .0 8 .7 9*1 11*7 1 7 6 .0 1 7 9 .3 4*1 1 8 1 .1 1 8 3 .9 1 7 .3 191 . 4 2 -7 8 7 .7 7 .3 6 .7 6 .2 6 .0 6 .7 7 .5 7 .1 7 .5 7 .7 8 .0 7 .8 8*4 8*5 10*1 1 2 .0 3 -7 8 7 .7 7 .2 6 .7 6 .2 6 .0 6 .7 7 .4 7 .1 7 .4 7 .6 7 .8 7*7 8*1 8 .2 9 .2 1 0 .2 6 .8 6 .7 4 -7 8 7 .6 7 .2 6 .7 6*2 6 .0 6 .7 7 .3 7 .0 7 .3 7 .5 7 .7 7*5 7*8 7*8 8 .6 9 .2 6 .6 6 .5 1VT7__ 2 -7 7 V r7 7 1 -7 4 2«=ZV_ 3 r 7 4 W 4 1 -7 5 — 2=25— 3 -7 8 # -7 5 __ L=Z6__ 2 -7 6 __ H 6 --------------------------------------------------------------------------------------------------------------- m iT I A L 6 -7 6 fflARTFR.— - ------- N . 1 9 7 .8 6 .2 » 2 0 0 .8 ArTT 1-rJB— 2a2B— ----------------------------------------------------------- HiPABFft «V »MCTAI FEBRUARY 2 8 , 11 194*6 6*’ \ 1979 »F ST. liUllt GROSS N A TIO N A L PRODUCT IN C U R R EN T D O LLA R S COMPOUNDED ANNUAL RATES O f CHANGE TERM INAL I N I T I A L QUARTER QUARTER 1*74 2 -7 4 3 -7 4 4 -7 4 1 -7 5 2 -7 5 3 -7 5 4 -7 5 1-7 6 2 -7 6 3 -7 6 4 -7 6 1 -7 7 2 -7 7 3 -7 7 4 -7 7 1 -7 8 2 -7 « 3 -7 8 B U L I QMS O f OOLLARS MMIA1 BATES 9 .4 3 -7 4 8 .2 1 -7 5 1*400*1 9 .1 1*430*1 7*6 1*452*4 ~ 6 .3 5*2 7 .5 7 .0 6*4 6*5 3 -7 5 9*3 9* 3 9*4 10*4 15*6 18*6^ 4 -7 5 9 .2 9*2 9 .3 10*0 13*3 13*7 9*0 1 -7 6 9 .8 9 .8 10*0 10*7 13*4 13*7 11*3 13*6 2 -7 6 9 .7 9 .7 9 .8 1 0 .4 12*5 12*5 10*5 11*2 9*5 10*0 11*6 11*4 9*7 9*9 1*454*7 12*6^ 1*498*6 33,4% 1*564*0 1*598*0 1*649*7 1*685*4 8*1 1*715*6 4 -7 6 9*3 9*3 9*4 9*8 11*1 10*9 9*4 9*5 1 -7 7 9 .7 9*7 9 .8 1 0 .2 11*4 11*3 1 0 .L 10*3 9*5 9*7 10*9 13*7 2 -7 7 1 0 .0 1 0 .1 10*2 10*6 11*7 1 1 .6 1 0 .6 10*9 1 0 .4 10*8 11*9 13*8 1 4 .0 J l.3 % 3 -7 7 10*1 10*1 10*3 10*6 11*7 11*6 10*7 11*0 10*5 10*8 11*7 1 2 .9 12*5 1 1 * 1 ^ ^ “ 4 -7 7 1 0 .0 10*1 10*2 10*5 1 1 .4 11*3 10*5 1 0 .7 10*3 10*5 11*2 11*9 11*3 1 0 .0 8*9 1 -7 6 9*8 9*9 9*9 10*2 11*0 10*9 10*2 10*3 9 .9 10*0 10*5 1 0 .9 10*3 9 .0 6*0 7 .1 2 -7 8 10*4 10*5 10*6 10*9 11*6 1 1 .7 11*1 11*3 11*0 11*3 11*9 1 2 .5 12*2 1 1 .6 1 2 .0 13*7 2 0 .6 3 -7 8 1 0 .4 10*5 10*6 10*8 11*6 11*5 11*0 11*1 10*9 11*1 11*6 12*1 11*8 11*4 1 1 .4 12*3 15*0 9 .6 4 -7 8 10*6 10*7 10*8 11*1 11*8 11*8 11*3 11*4 [1 1*3 1 1 .5 12*0 1 2 .4 12*3 12*0 1 2 .1 13*0 15*0 12*3 15*0^ 1 -7 4 2 -7 4 3 -7 4 4 -7 4 1 -7 5 2 -7 5 3 -7 5 4 -7 5 2 -7 6 3 -7 6 4 -7 6 1 -7 7 2 -7 7 3 -7 7 A -T 7 1 -7 1 2 -7 ft 3 -7 1 1*749*8 1 -7 6 1*806*6 1*867*0 1*958*1 1 * 9 9 2 .0 2 * 0 8 7 .5 2*136*1 2*212*1 I N I T I A L QUARTER GROSS NATIONAL PRODUCT IN 1972 DOLLARS COMPOUNDED ANNUAL RATES O f CHANGE TERM INAL 1 -7 4 2 -7 4 2 -7 4 3 -7 4 4 -7 4 1 -7 5 2 -7 5 3 -7 5 4 -7 5 1 -7 6 2 -7 6 3 -7 6 4 -7 6 1 -7 7 2 -7 7 3 -7 7 4 -7 7 1 -7 8 2 -7 8 3 -7 8 mam -1 * 8 -2 * 5 -3 * 3 -4 * 0 —5*5 -5 * 7 »7*3 -2 * 8 -2 * 9 -2 * 6 r ates 1*224*5 -2 * 2 1 -7 5 2 -7 5 B U I I QMS O f OOLLARS I N I T I A L QUARTER 1 * 2 1 6 .9 1 ,1 9 9 * 7 1 ,1 7 1 * 6 -1 .6 6*4 1 ,1 8 9 * 9 J , 2% 3 -7 5 -0 .6 -0 .3 0*3 2*3 8*4 10*5^ 1 ,2 2 0 * 0 4 -7 5 -0 * 1 0*2 0*7 2*4 6*5 6*5 1 ,2 2 7 * 9 1*4 2*1 3*7 7*2 7*4 2*4 3*8 6*5 1 -7 6 1*0 2 -7 6 1*4 3 -7 6 1*5 1*9 2 .4 3 .6 5*9 4 -7 6 1*6 1*9 2*4 3*5 5*4 1 -7 7 2*0 2*4 2*9 3*9 5*6 2 -7 7 2*3 2*7 3 -7 7 2*6 2*9 3*4 3*4 4 -7 7 2*6 2*9 1 -7 8 2*4 2*7 2 -7 8 2*8 3*1 3 -7 6 2*6 3*1 4 -7 8 3*0 3*2 1 -7 4 2 -7 4 4*1 5*6 4*1 4*9 3*5 4*1 5*2 3*4 4*0 5*8 5*5 5*5 5*3 3*8 3 -7 4 SS 4 *2 5*1 4 - 74 1 -7 5 5 .1 2 -7 5 3 -7 5 4 -7 5 1 ,2 5 5 * 5 1 ,2 6 8 * 0 3 .4 2*7 3*0 2*5 2*4 4 .1 4*1 4*6 4 .4 4*5 4 .6 4*8 4 .4 4*5 1,2 7 6 * 5 5*2 4*9 1 ,2 8 4 * 0 1 ,3 0 6 * 7 7*3 :4 .4 % - 1 ,3 2 5 * 5 6*6 5*9 6*3 5*8 5*7 5*5 4*9 4*4 1 ,3 5 4 * 5 1 ,3 5 4 * 2 3 .9 3*8 4*0 4 .4 4 .4 4*7 5*1 4 .2 4*2 4*4 4*7 4 .4 4*4 4*6 4*9 1 -7 6 2 -7 6 3 -7 6 4 -7 6 3*6 1 ,3 4 3 * 9 2*9 1*5 -0 * 1 4*3 3*9 4*2 8*7 4*3 4*0 3*5 3*6 5*6 2*6 1 ,3 9 1 * 4 4*6 4* 4 4*1 4*3 5*8 4*4 1 ,4 1 3 * 0 1 -7 7 ___2 -7 7 3 -7 7 4 -7 7 1-711 ? -7 fl 1 ,3 8 2 * 6 3 -H IHIT1AL Q U iK Ta PREPARED UV F C P f A l fEBRUARY 2 2 , 1979 12 »W V F RANK O f S T . If U H S GROSS N A T I O N A L PRODUCT R A T I O SCALE Q UART ERL Y TOTAL S AT ANNUAL R A T E S R A T I O SCALE T R I L L I O N S OF D O L L A R S s e a s o n a l l y ADJUSTED T R I L L I O N S OF D O L L A R S 2. 3 2. .2 2. 2. 1. 1.9 1. 8 1. 1.7 6 1. 1. 1. 1. 1. 1. 1. 0 . 1» 1 .2 1. 1.1 1. 1 .0 0 .9 0 . 1971 1972 1973 1974 1975 1976 1977 1978 1979 SOURCEt U .S . DEPARTMENT OF COMMERCE PERCENTAGES ARE ANNUAL RATES OF CHANGE FOR PERIOOS IN O IC A TE D . LATEST DATA PLOTTED. 4TH QUARTER PREPARED BY FEDERAL RESERVE BANK OF S T . LO U IS 13 GENERAL P R I C E RATIO INDEX* SCALE RATIO 1972-100 165 1 160 1 SCALE 1972-100 165 160 *». x r / 'x i s s . s s 155 VV 150 145 155 150 145 140 140 135 135 130 130 125 125 r 120 120 115 110 -+r. ' r / 105 ¿V y V 115 110 105 100 100 & 95 95 90 90 rw on. V7 85 ___ i. . 1971 1 HR 1972 're /sr»j*.*r4 isr^ *rr 4m Ir 1973 1974 mT\ 1975 1976 ■AS USED IN NATIONAL INCOME ACCOUNTS 1977 : 'n 85 1978 1979 SOURCEt U .S . DEPARTMENT OF COMMERCE PERCENTAGES ARE ANNUAL RATES OF CHANCE FOR PERIOOS INOICATEO. LA TEST OATA PLOTTEOi 4TH QUARTER PREPARED BY FEDERAL RESERVE BANK OF S T . LOUIS IM P L IC IT PRICE D E FLA TO R FOR GROSS H A TIQ M A L PRODUCT COMPOUNDED ANNUAL RATES OF CHAN&E TERMINAL ir n _______ I N I T I A L QUARTER 1972 * 100 mi win 2 -7 4 2 -7 4 3 -7 4 4 -7 4 1—75 2 -7 5 3 -7 5 4 -7 5 1 -7 6 2 -7 6 3 -7 6 4 -7 6 1 -7 7 3 -7 4 1 1 .5 s S ssv J 1 . 6 % 1 1 .5 1 1 . S'— » 4 -7 4 1 1 .9 1 2 .1 1 2 .6 s" 1 -7 5 11*6 1 1 .6 1 1 .6 1 0 .¿ N 2 -7 5 1 0 .4 1 0 .2 9 .7 8 .2 1 5 .9 3 -7 5 9 .9 9 .6 9 .1 7 .9 6 .6 7 .3 4 -7 5 9 .4 9 .0 8 .5 7 .5 6 .5 6 .8 6 .2 1 -7 6 8 .7 8 .3 7 .7 6 .8 5 .8 5 .8 5 .1 2 -7 6 8 .2 7 .8 7 .3 6 .4 5 .6 5 .5 4 .9 4 .3 3 -7 6 7 .8 7 .4 6 .9 6 .2 5 .4 5 .3 4 .8 4 .4 4 .6 4 .5 4 -7 6 7 .6 7 .3 6 .8 6. 1 5 .5 5 .4 5 .0 4 .7 5 .0 5 .1 1 -7 7 7 .5 7 .2 6 .7 6 .1 5 .5 5 .5 5 .2 5 .0 5 .2 5 .4 5 .9 6 .0 2 -7 7 7 .5 7 .2 6 .8 6 .2 5 .8 5 .8 5 .5 5 .4 5 .7 6 .0 6 .5 6 .8 7 .7 ' 6 .1 6 .3 6 .4 2 -7 7 3 -7 7 4 -7 7 1—78 2 -7 8 3 -7 8 1 1 4 .3 4 1 1 7 .5 2 1 2 1 .0 6 1 2 4 .1 6 1 2 5 .9 5 1 2 8 .1 9 \ 1 3 0 .1 4 3 .9 1 3 1 .4 0 1 3 2 .9 2 3 -7 7 7 .3 7 .0 6 .7 6 .1 5 .7 5 .7 5 .5 5 .4 5 .6 5 .8 4 -7 7 7 .2 6 .9 6 .6 6 .1 5 .7 5 .7 5 .5 5 .4 5 .6 5 .8 1 3 4 .3 9 5 .7 1 3 6.28 1 3 8 .2 7 6 .0 6 .1 6 .1 1 4 0 .8 6 1 4 2 .6 3 5* * \ 5 .3 5 .5 14 4 . 56 1 -7 8 7 .2 6 .9 6 .6 6 .2 5 .8 5 .8 5 .7 5 .6 5 .8 6 .0 6 .2 6 .3 6 .4 5 .9 6 .4 2 -7 8 7 .4 7 .2 6 .9 6 .5 6 .2 6 .2 6*1 6« 1 6 .4 6 .6 6 .9 7 .1 7 .3 7 .2 7 .9 7* * ^ \ 8 . 3 % 9 .1 u .o 'X ^ 3 -7 8 7 .4 7 .2 6 .9 6 .5 6 .3 6 .3 6 .2 6 .2 6 .4 6 .6 6 .9 7 .0 7 .2 7 .1 7 .6 8 .3 8 .9 6 .9 4 -7 8 7 .5 7 .2 7 .0 6 .6 6 .4 6 .4 6 .3 6 .4 6 .6 6 .8 7 .0 7 .2 7 .4 7 .3 7 .7 8 .3 8 .7 7 .5 5 -7 4 .. 4 - 7 * , - 1 -7 5 2 -7 5 .a -7 5 _ 4 -7 5 1 -7 6 ¿~76 3 -7 6 1=1*. 2 r7 4 1 -7 7 - 2 = 7 2 - 3 - 1 2 — 4 - Z 2 - 1—78 1 4 7.10 1 5 0.90 15 3 .5 2 8 .1 ^ 1 5 6 .5 5 2 -7 « . . 3 -lf l I N I T I A L QUARTER PREPARED BY FED ER A L RESERVE BAN*. O F S T . FEBRUARY 2 2 » 1979 14 I flULS. _____________ TERMINAL QUARTER 1 -7 4 2 -7 4 2 -7 4 3 -7 4 4 -7 4 1 -7 5 PERSONAL CONSUMPTION EXPENDITURES IM CURRENT DOLLARS________ _ COMPOUNDED ANNUAL RATES OF CHANGE ___________________________________________________________________________________________________________ftlL L IO N S OF I N IT IA L QUARTER OOLLARS tU H Iil B 4 T 6 C 2 -7 5 2 -7 8 3 -7 8 3 -7 5 4 -7 5 1 -7 6 2 -7 6 3 -7 7 4 -7 7 3 -7 6 4 -7 6 1 -7 7 2 -7 7 1 -7 8 12*3 8 7 9 .2 3 -7 4 1 3 .3 1 4 .3 4 -7 4 9 .8 8 .6 3 .2 1—75 9 .6 8 .7 6 .0 2 -7 5 1 0 .3 9 .7 8 .3 1 0 .9 1 3 .1 3 -7 5 1 0 .7 1 0 .3 9 .4 1 1 .5 1 2 .8 1 2 .6 4 -7 5 1 0 .6 1 0 .5 9 .8 1 1 .5 1 2 .4 1 2 .1 1 1 .6 1 -7 6 11 .1 1 0 .9 1 0 .4 1 1 .8 1 2 .6 1 2 .5 1 2 .4 1 3 .2 2 -7 6 1 0 .8 1 0 .6 1 0 .1 1 1 .3 1 1 .8 1 1 .4 1 1 .0 1 0 .7 8 .3 3 -7 6 10*6 1 0 .4 9 .9 1 0 .9 1 1 .3 1 0 .9 1 0 .5 10*1 8 .6 9 .0 4 -7 6 1 0 .9 1 0 .7 10*3 1 1 .2 1 1 .6 1 1 .3 1 1 .1 1 1 .0 1 0 .2 1 1 .2 1 3 .5 1 -7 7 1 1 .0 1 0 .9 1 0 .5 1 1 .4 1 1 .7 1 1 .5 1 1 .3 1 1 .3 1 0 .8 1 1 .6 1 3 .0 1 2 .5 2 -7 7 1 0 .7 1 0 .6 1 0 .2 1 1 .0 1 1 .2 1 1 .0 1 0 .8 1 0 .6 1 0 .1 1 0 .6 11 .1 9 .9 7 .4 3 -7 7 1 0 .6 1 0 .5 1 0 .1 1 0 .8 1 1 .0 1 0 .8 1 0 .5 1 0 .4 9 .9 10 .2 1 0 .6 9 .6 8 .2 1 1 .1 1 1 .3 1 1 .1 1 0 .9 1 0 .8 1 0 .5 10 .9 1 1 .3 1 0 .7 10 .1 1 1 .5 1 4 .1 1 0 .7 1 0 .9 1 0 .7 1 0 .5 1 0 .4 1 0 .1 1 0 .3 1 0 .5 1 0 .0 9 .3 1 0 .0 1 0 .5 9 0 9 .0 4 -7 7 1 0 .8 1 0 .7 1 0 .4 1 -7 8 1 0 .6 1 0 .5 1 0 .2 9 1 6 .2 8 .8 9 3 5 .7 9 6 4 .9 9 9 4 .0 1 ,0 2 1 .6 1 ,0 5 3 .8 1 ,0 7 5 .1 1 ,0 9 8 .4 1 ,1 3 3 .7 1 ,1 6 7 .7 1 ,1 8 8 .6 1 ,2 1 4 .5 9 .0 1 ,2 5 5 .2 7 .0 1 ,2 7 6 .7 2 -7 8 1 0 .8 1 0 .8 1 0 .5 11 .1 1 1 .2 1 1 .1 1 1 .0 1 0 .9 1 0 .6 1 0 .9 1 1 .2 1 0 .8 1 0 .5 1 1 .3 1 2 .1 1 1 .1 3 -7 8 1 0 .8 1 0 .7 1 0 .5 1 1 .0 1 1 .2 1 1 .1 1 0 .9 1 0 .9 1 0 .6 1 0 .9 1 1 .1 1 0 .8 1 0 .5 1 1 .2 1 1 .7 1 0 .9 1 3 .0 1 0 .7 4 -7 8 1 1 .1 1 1 .0 1 0 .8 1 1 .3 1 1 .5 1 1 .3 1 1 .2 1 1 .2 1 1 .0 11 .3 1 1 .6 1 1 .3 1 1 .2 1 1 .8 1 2 .4 1 1 .9 1 3 .6 1 2 .8 1 -7 4 2 -7 4 3 -7 4 4 -7 4 1 -7 5 2 -7 5 3 -7 5 4 -7 5 1 -7 6 2 -7 6 3 -7 6 4 -7 6 1-77 2 -7 7 a—77 4 -7 7 1 —7 * 1 ,3 2 2 .9 1 5 .3 1 ,3 5 6 .9 1 5 .0 1 ,4 0 5 .1 W F A IN IT IA L QUARTER IN 1197? nni a a > € RATES OF CHANGE TERMINAL Ì r § o m 1 0 PERSONAL CDMS UM P TIO N EXPEIID I TURF « 4 f fp f f OF OOLLARS IN IT IA L QUARTER QUARTER 1 -7 4 2 -7 4 3 -7 4 4 -7 4 1 -7 5 2 -7 5 3 -7 5 4 -7 5 1 -7 6 2 -7 6 2 -7 4 0*1 3 -7 4 1*3 2 .6 4 -7 4 -1 .5 -2 .3 -7 .0 1 -7 5 -0 .6 -0 .8 -2 .4 2 -7 5 0 .9 1 .1 0 .6 3 -7 5 1 «6 1 .9 1 .7 4 .8 6 .0 5 .0 4—75 2 .2 2 .6 2 .5 5 .1 6 .0 5 .5 6 .0 1 -7 6 2 .9 3 .3 3 .4 5 .6 6 .5 6 .3 6 .9 7 .9 2 -7 6 3 .0 3 .4 3 .5 5 .3 6 .0 5 .7 5 .9 5 .9 3 .9 3 -7 6 3 .0 3 .4 3 .5 5 .1 5 .5 5 .2 5 .3 5 .1 3 .7 3 .4 3 -7 6 4 -7 6 1 -7 7 2 -7 7 3 -7 7 4 -7 7 1 -7 8 2 -7 8 3 -7 8 7 6 1 .7 7 6 6 .6 7 5 2 .9 2 .3 7 5 7 .2 7 .0 7 7 0 .2 7 7 9 .7 7 9 1 .1 8 0 6 .3 8 1 4 .0 8 2 0 .9 4 -7 6 3 .5 3 .8 3 .9 5 .4 5 .8 5 .6 5 .8 5 .7 5 .0 5.5 1 -7 7 3 .6 3 .9 4 .1 5 .4 5 .7 5 .6 5 .6 5 .6 5 .0 5 .4 2 -7 7 3 .4 3 .7 3 .8 4 .9 5 .2 5*0 5 .0 4 .9 4 .3 4 .4 4 .7 3 .2 1 .4 3—77 3 .5 3 .7 3*8 4 .9 5 .1 4*9 4 .9 4 .7 4 .2 4 .3 4 .5 3 .5 2 .7 4 .1 4—77 3 .8 4 .1 4 .2 5 .2 5 .5 5 .3 5 .3 5 .3 4 .9 5.1 5 .4 4 .8 4 .8 6 .5 9 .0 1 -7 8 3 .5 3 .7 3 .8 4 .7 4 .9 4 .7 4 .6 4 .5 4 .1 4 .1 4 .2 3 .6 3 .2 3 .8 3 .6 -1 .4 2 -7 8 3*6 3 .9 3 .9 4 .8 5 .0 4 .8 4 .8 4 .7 4 .3 4 .3 4 .5 4 .0 3 .7 4 .3 4 .4 2 .2 3 -7 8 3 .7 3 .9 4 .0 4 .7 4 .9 4 .7 4 .7 4 .6 4 .3 4 .3 4 .4 4 .0 3 .8 4 .3 4 .3 2 .8 5 .0 4 .0 4 -7 8 3 .9 4 .1 4 .2 4 .9 5 .1 5 .0 5 .0 4 .9 ^•0 4 .7 4 .8 4 .5 4 .4 4 .9 5 .1 4 .1 6 .0 6 .0 • •1 4 -7 5 .-1=26 -2=76 3 -7 6 4 -7 6 1 -7 7 2 -7 2 2 -If l i-7 i 1 -7 4 2 -2 * . 3 -7 4 4 -7 4 _ l-7 2 __ 2 -7 5 -3 = 2 5 INITIAI 7 .7 8 3 6 .2 5 .1 8 4 6 .6 8 4 9 .5 8 5 8 .0 8 7 6 .6 8 7 3 .5 6 .0 a = zz_ 4 -7 7 _ L -z a _ 8 0 6 .3 8 9 5 .1 9 1 2 .6 QUâRTFR »•PPAgfrn u v gpnPBA» FEBRUARY 2 2 , 1979 15 B ^ iu t «A «f ne < T . » n*«i c GROSS PRIVATE DOMESTIC INVESTMENT IK CURRENT DOLLARS COMPOUNDED ANNUAL RATES OF CHANGE -- ---------- ----------------------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------- B IU IQ W S OF I N I T I A L QUARTER DOLLARS ---------------------- _ TERMINAL —Minn icrt 2 -7 4 2 -7 4 3 -7 4 4 -7 4 1 -7 5 r* I M 1 -7 4 3 -7 5 4 -7 5 1 -7 6 2—76 3 -7 6 4 -7 6 1 -7 7 -AM1AIAA.-fliTM 2 -7 7 3 -7 7 4 -7 7 1 -7 8 2 -7 8 3 -7 8 4 .9 ¿ 1 9 .9 3 -7 4 —6*0 - 1 5 . 7 4 -7 4 -4 .2 -8 .5 2 1 0 .7 —0 .6 2 1 0 .4 1 -7 5 -1 8 .2 -2 4 .7 -2 8 .9 -4 9 .1 2 -7 5 -1 5 .8 -2 0 .3 -2 1 .8 -3 0 .7 -5 .5 1 7 / .7 1 7 5 .2 3 -7 5 -3 .2 -4 .8 -1 .9 -2 .3 3 5 .4 94* 1 4 -7 5 -3 .6 -4 .9 -2 .6 -3 .1 2 0 .1 3 5 .4 -5 .5 1 -7 6 3 .2 3 .0 6 .5 7 .9 3 0 .3 4 5 .0 2 5 .3 6 6 .2 2 -7 6 5 .2 5 .2 8 .6 1 0 .2 2 8 .7 3 9 .0 2 4 .3 4 2 .6 2 2 .4 3 -7 6 5 .8 5 .8 8 .9 1 0 .3 2 5 .5 3 2 .9 2 0 .8 3 1 .2 1 6 .5 1 0 .9 4 -7 6 4 .8 4 .8 7 .3 8 .4 2 0 .7 2 5 .8 1 5 .3 2 1 .2 9 .1 3 .0 -4 .4 1 -7 7 7 .8 8 .1 1 0 .8 12 . 2 2 3 .8 2 8 .7 2 0 .2 2 6 .1 1 7 .7 1 6 .2 1 8 .9 4 7 .9 2 -7 7 9 .9 1 0 .4 1 3 .1 1 4 .6 2 5 .4 2 9 .9 2 2 .6 2 8 .1 2 1 .6 2 1 .4 2 5 .1 4 3 .1 3 -7 7 1 0 .7 1 1 .1 1 3 .7 1 5 .1 2 4 .9 2 8 .8 2 2 .4 2 7 .0 2 1 .4 2 1 .2 2 3 .9 3 5 .1 2 9 .2 2 0 .5 4 -7 7 1 0 .3 1 0 .7 1 3 .0 1 4 .2 2 2 .9 2 6 .2 2 0 .3 2 4 .0 1 8 .9 1 8 .3 1 9 .9 2 6 .9 2 0 .5 1 2 .5 5 .0 1 -7 8 1 0 .4 1 0 .8 1 3 .0 1 4 .1 2 2 .0 2 4 .9 1 9 .5 2 2 .6 1 8 .1 1 7 .5 1 8 .6 2 3 .8 1 8 .4 1 2 .4 8 .6 1 2 .3 2 —70 1 1 .5 1 2 .0 1 4 .1 1 5 .2 2 2 .7 2 5 .4 2 0 .5 2 3 .5 19 .5 1 9 .1 2 0 .3 2 5 .0 2 0 .9 1 6 .8 1 5 .7 2 1 .4 3 -7 8 1 1 .2 1 1 .6 1 3 .5 1 4 .5 2 1 .4 2 3 .7 1 9 .2 2 1 .7 1 8 .0 1 7 .5 18*4 2 2 .0 1 8 .2 1 4 .5 1 3 .0 1 5 .9 1 7 .7 5 .6 4 -7 8 1 1 .2 1 1 .6 1 3 .4 1 4 .4 2 0 .7 2 2 .9 1 8 .6 2 0 .9 1 7 .4 1 6 .9 1 7 .6 2 0 .7 1 7 .3 1 4 .1 1 2 .8 1 4 .9 1 5 .7 8 .7 -1 -7 * 2 -7 4 3 -7 4 * r7 4 — 1 -7 9 2 -7 5 3 -7 5 Ikr-Ti .I* rl6 _ 2-7fc 3?76 l. * t7 A _ ._ L -T Z _ - 2 = 2 2 - 3 - 7 7 - 6 -7 7 1 -7 8 2 0 6 .8 2 0 3 .9 2 3 1 .5 2 4 3 .5 2 4 9 .9 2 4 7 .1 2 7 2 .5 3 8 .5 2 9 5 .6 3 0 9 .7 3 1 3 .5 . 3 2 2 .7 31 m2 3 4 5 .4 3 5 0 .1 1 1 .9 3 6 0 .1 2 - 7 8 - - a - i a ___________________ I N I T I A L QUARTER GROSS PRIVATE DOMESTIC INVESTMENT IN 1972 DOLLARS COMPOUNDED ANNUAL RATES OF CHANGE TERM INAL IN I T I A L QUARTER DOLLARS QUARTER 1 -7 4 2 -7 4 3 -7 4 4 -7 4 1 -7 5 2 -7 5 3 -7 5 4 -7 5 1 -7 6 2 -7 6 3 -7 6 4 -7 6 1 -7 7 2 -7 7 3 -7 7 4 -7 7 1 -7 8 2 -7 8 3 -7 8 2 -7 4 -1 4 .5 1 8 9 .8 3 -7 4 -2 0 .0 -2 5 .0 1 7 6 .6 4 -7 4 -1 7 .7 -1 9 .2 -1 2 .9 1 7 0 .6 1 -7 5 -3 1 .8 -3 6 .8 -4 1 .9 -6 1 .3 2 -7 5 -2 7 .0 -2 9 .8 -3 1 .3 -3 8 .9 -3 .8 3 -7 5 -1 5 .4 -1 5 .5 -1 3 .0 -1 3 .0 3 0 .4 7 6 .8 1 5 3 .7 4 -7 5 -1 4 .9 -1 4 .9 -1 2 .8 -1 2 .7 1 4 .4 2 4 .8 - 1 1 . 9 1 4 8 .9 1 3 4 .6 1 3 3 .3 1 -7 6 -7 .6 —6 . 6 -3 .1 —1 .0 2 5 .2 3 6 .7 2 0 .2 6 4 .0 2 -7 6 -5 .3 -4 .1 -0 .6 1 .6 2 3 .2 3 1 .1 1 8 .6 3 7 .7 1 5 .6 3 -7 6 -4 .2 -3 .0 0 .1 2 .2 2 0 .1 2 5 .5 1 5 .2 2 6 .0 1 0 .5 5 .6 4 -7 6 -4 .6 -3 .6 -0 .8 0 .8 1 5 .6 1 9 .2 1 0 .1 1 6 .5 3 .9 -1 .5 -8 .1 1 -7 7 -1 .9 -0 .7 2 .1 3 .9 1 7 .6 2 1 .0 1 3 .6 1 9 .5 1 0 .4 8 .8 1 0 .4 3 2 .7 2 -7 7 -0 .0 1 .3 4 .1 5 .9 1 8 .5 2 1 .6 1 5 .3 2 0 .6 1 3 .4 1 2 .8 1 5 .3 2 9 .2 2 5 .8 1 7 .6 2 0 .2 1 6 8.5 1 7 4 .7 17 7.1 1 7 3 .4 1 8 6 .1 1 9 7 .1 3 -7 7 0 .6 1 .9 4 .5 6 .3 1 4 .6 1 8 .9 1 2 .7 1 2 .2 1 3 .9 2 2 .3 1 7 .5 9 .7 4 -7 7 0 .4 1 .6 4 .0 5 .5 1 5 .6 1 7 .7 1 2 .5 1 6 .0 1 0 .4 9 .5 1 0 .3 1 5 .5 1 0 .3 3 .3 -2 .7 1 -7 8 1 .0 2 .2 4 .5 5 .9 1 5 .2 1 7 .1 1 2 .4 1 5 .4 10 .5 9 .8 1 0 .5 1 4 .6 1 0 .5 5 .9 4 .0 1 1 .2 2 -7 0 1 .8 2 .9 5 .1 6 .6 1 5 .2 1 6 .9 1 2 .6 1 5 .4 1 1 .0 1 0 .4 1 1 .2 1 4 .7 1 1 .4 8 .1 7 .6 1 3 .2 1 5 .2 3 -7 0 1 .4 2 .5 4 .5 5 .8 1 3 .6 1 5 .1 1 1 .0 1 3 .4 9 .3 8 .6 9 .0 1 1 .7 0 .5 5 .4 4 .3 6 .8 4*6 -5 .0 4 -7 0 1 .4 2 .4 4 .3 5 .4 1 2 .7 1 4 .0 10*2 1 2 .3 8 .5 7 .8 0 .1 1 0 .3 7 .4 4 .6 3 .6 5 .3 3 .4 -2 .1 1 -7 4 2 -7 4 3 -7 4 4 -7 4 1 -7 5 2 -7 5 3 -7 5 4 -7 5 1 -7 A A 4- 7 A 1 -7 7 2 -7 7 Î -7 7 * -7 7 1 -T A J - 7M 2- 7A IN IT IA L 2 0 1 .7 200*3 2 0 5 .7 213*1 210*4 1*0 210*9 W 7H O LIA R TM PREPARED BY FEDE14I FEBRUARY 2 2 , 1979 16 ■W W F ne t ra ils ---------- GOVERNMENT PURCHASES QF GOODS AMO S E R V IC E S IM CURRH I T DO LLAR S COMPOUNOEO ANNUAL RATES OF CHANGE TERMINAL n m in n s o f DOLLARS AÉÉâaiAi t i T C t I N IT IA L QUARTER _ ÛÜA&IER 1 -7 4 2 -7 4 3 -7 4 2 -7 4 1 5 .4 3 -7 4 1 4 .9 1 4 .4 4 -7 4 1 4 .3 1 3 .7 1 2 .9 1 1 .9 4 -7 4 1 -7 5 2 -7 5 3 -7 5 4 -7 5 1 -7 6 2 -7 6 3—76 4 -7 6 1 -7 7 3 -7 7 2 -7 7 4 —77 1 -7 0 2 -7 0 3 -7 0 2 V 7 .0 3 0 0 .0 3 1 7 .5 1 -7 5 1 3 .4 1 2 .7 2 -7 5 1 2 .9 1 2 .2 1 1 .5 1 0 .0 1 0 .7 3 -7 5 1 2 .4 1 1 .0 1 1 .1 1 0 .5 1 0 .3 9 .9 4 -7 5 1 2 .2 1 1 .7 1 1 .1 1 0 .7 1 0 .7 1 0 .6 1 1 .3 1 -7 6 1 1 .0 1 0 .4 9 .7 9 .1 0 .7 0 .0 7 .0 2 .9 2 -7 6 1 0 .2 9 .5 0 .0 0 .2 7 .6 6 .9 5 .9 3*3 3 .7 3 -7 6 9 .5 8 .0 0 .2 7 .5 7 .0 6 .2 5 .3 3 .4 3 .6 3 .6 4 -7 6 9 .2 0 .6 0 .0 7 .4 6 .9 6 .3 5 .6 4 .2 4 .7 5 .2 6 .7 1 -7 7 9 .3 0 .7 0 .2 7 .7 7 .3 6 .0 6 .3 5 .3 5 .9 6 .7 0 .3 9 .0 2 -7 7 9 .0 9 .3 0 .0 0 .4 0 .2 7 .9 7 .6 7 .0 7 .0 0 .0 1 0 .6 1 2 .7 1 5 .6 0 .5 0 .3 0 .0 7 .6 0 .4 9 .4 1 0 .0 1 2 .3 1 3 .5 1 1 .5 1 0 .9 3 2 5 .8 3 3 4 .2 3 4 2 .2 3 5 1 .5 3 5 4 .0 3 5 7 .2 3 6 0 .4 3 6 6 .3 3 7 5 .0 3 0 0 .0 3 -7 7 9 .9 9 .5 9 il 0*7 4 -7 7 1 0 .1 9 .0 9 .4 9 .1 9 .0 0 .0 0 .7 0 .3 9 .1 1 0.1 1 1 .4 1 2 .6 1 3 .6 1 2 .6 1 3 .7 1—70 9 .7 9 .4 9 .0 0 .7 0 .5 0 .4 0 .2 7 .9 0 .5 9 .2 1 0 .2 1 0 .9 1 1 .1 9 .7 0 .0 4 .1 0 .5 6 .0 399*5 4 1 2 .5 4 1 6 .7 2 -7 0 9 .6 9 .3 0 .9 0 .7 0 .5 8 .3 0 .2 7 .9 0 .4 9 .0 9 .0 1 0 .4 1 0 .5 9 .2 3 -7 0 9 .9 9 .6 9 .3 9 .1 9 .0 0 .0 0 .7 0 .5 9 .1 9 .7 1 0 .5 1 1 .0 1 1 .2 1 0 .4 1 0 .1 0 .9 1 1 .4 1 5 .0 4 -7 0 1 0 .1 9 .9 9 .6 9 .4 9 .3 9 .2 9 .1 9 .0 9 .5 10.1 1 0 .9 1 1 .4 1 1 .6 1 1 .0 1 0 .9 1 0 .2 1 2 .3 1 4 .6 .1- 7 * .2 - 1 * 5 -7 4 -1 = 2 2 2 - 7» 3-73 4-75 1 -7 6 z-lik . 3-76 4-76 1 -7 7 2-77 A —7 7 lir T l - 3r P 7 .9 4 2 4 .7 4 3 9 .0 1 4 .2 4 5 4 .6 -la U GOVERNMENT PURCHASES QF GOODS AND SERVICES IN 1972 n f liiA R S COMPOUNDED ANNUAL RATES OF CHANGE R IL L im tt- T E RMIN AL I N I T I A L QUARTER 1-74 2-74 3-74 4-74 1-75 2-75 2-74 2.2 3-74 1.0 4-74 1.1 0.5 -0 .3 1-75 1.2 0.9 0.6 1.6 2-75 1.7 1.6 1.6 2.6 3.6 3-75 2.0 1.9 Z*1 2.0 3«^ 3*4 4-75 2.1 2.1 2*2 2.9 3«3 3.2 3-75 4-75 1-76 2-76 3-76 4-76 1-77 2-77 3-77 4-77 1-70 2-70 3-70 257.6 1.4 250.5 250.3 259.3 261.6 263.0 2.9 265.7 1-76 1.6 1.5 1.5 1.9 1.9 1.4 0*4 -2 .1 2-76 1.2 1.1 1«0 1.3 1.2 0.6 -0 .3 -1 .9 -1 .7 3-76 1.0 0.0 0*8 0.9 O«0 0.3 -0 .5 -1 .6 -1 .4 -1.1 4-76 0.7 0.6 0.6 0.4 -0 .1 -0 .0 -1 .7 -1 .5 -1 .4 -1 .0 1-77 0.9 0.7 0.7 0.0 0.7 0.3 -0 .3 -0 .9 -0 .6 -0.2 0.2 2-77 1.4 1.3 1.3 1.5 1.5 1.2 0.9 0.6 1.1 1.0 2.0 5*1 0.0 3-77 1.7 1.7 1.7 1.9 1.9 1.7 1.5 1.3 1.9 2.6 3.5 5.3 6.9 5.0 4-77 1.9 1.0 1.9 2.0 2.1 1.9 1.0 1.6 2.2 2.0 3.6 5.1 6.0 5.0 1-70 1.5 1.5 1.5 1.6 1.6 1.4 1.2 1.1 1.5 1.9 2.4 3.3 3.5 2.1 0.3 -3 .5 2-70 1.4 1.4 1*4 1*5 1.5 1.3 1.1 0.9 1.3 1.6 2.0 2.7 2.0 1.5 0.1 -1 .9 - 0 .3 3-70 1.7 1.7 1.7 1.9 1.9 1.7 1.6 1.5 1.9 2.2 2.7 3.3 3.5 2 .6 1.0 1.1 3.4 7.3 4-70 1.0 1.0 1.9 2.0 2.0 1.9 1.0 1.7 2.1 2.4 2.0 3.4 3.6 2 .9 2.3 1.0 3.6 5.7 1-74 2-74 3-74 4-74 1-75 2-75 3-75 4-75 1-76 2-76 3—76 4—76 1-77 2-TT w r? 4-TT 1WM ____________________________________ _— 264.3 263.2 262.5 261.3 2.3 2M J 267.9 2^1 .T 4.2 296.5 272.1 271.9 276.7 4.1 279.5 J------------ i b i t i a l QUànra ------------------------------------------------------------------------------------------- f iiP A iiQ IT F t D IA L FEBRUARY 22* 1979 17 II* L O U IS — .----TERM INAL _Mwnn ifcrs 2 -7 4 i A 1—74 4 -7 4 1 -7 5 2 -7 4 10*3 3 -7 4 1 0 .9 1 1 .4 4 -7 4 9 .5 9 .1 1 -7 5 8 .« 7 .2 5 .2 3 .7 12 .1 1 2 .5 1 2 .9 1 6 .1 3 0 .1 2 -7 5 — DISPOSABLE PERSONAL INCOME IN CURRENT DOLLARS___ COMPOUNDED ANNUAL RATES Of CHANGE ----------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------B IL L IO N S DP I N I T I A L QUARTER DOLLARS ANNUAL R A TE S 2 -7 5 3 -7 5 3 -7 7 4 -7 5 1-76 2 -7 6 3 -7 6 4—76 1 -7 7 2 -7 7 4 -7 7 1 -7 8 2 -7 8 3 -7 8 ------- 97 3 .1 9 9 9 .7 6 .8 1 »0 1 6 .2 I »0 2 5 .4 1* 095 .1 3 -7 5 1 0 .3 1 0 .3 1 0 .1 1 1 .2 1 5 .1 1 .9 4 -7 5 1 0 .2 1 0 .2 1 0 .0 1 0 .8 1 3 .3 5 .7 9 .6 1 » 1 0 0 .3 1 * 1 2 5 .8 1 -7 6 1 0 .2 1 0 .2 9 .9 1 0 .6 1 2 .4 7 .0 9 .7 9 .8 2 -7 6 9 .8 9 .7 9 .4 9 .9 1 1 .2 6 .9 8 .6 8 .1 6 .4 3 -7 6 9 .6 9 .5 9 .2 9 .6 1 0 .6 7 .1 8 .4 8 .0 7 .1 7 .8 4 -7 6 9 .6 9 .5 9 .3 9 .6 1 0 .5 7 .6 8 .7 8 .5 8 .1 8 .9 1 -7 7 9 .5 9 .5 9 .3 9 .6 1 0 .3 7 .8 8 .8 9 .6 8 .3 8 .9 9 .5 9 .0 2 -7 7 9 .8 9 .7 9 .6 9 .9 1 0 .6 8 .3 9 .3 9 .2 9 .1 9 .8 1 0 .5 1 0 .7 1 2 .5 1 »1 5 2 .5 1 »1 7 0 .6 1 » 1 9 2 .8 1 0 .0 1 »2 2 1 .5 1 »2 4 8 .0 1 * 2 8 5 .3 3 -7 7 9 .8 9 .8 9 .7 1 0 .0 10*6 8 .6 9 .5 9 .5 9 .4 1 0 .0 1 0 .6 1 0 .8 1 1 .7 1 0 .9 4 -7 7 1 0 .0 1 0 .0 9 .9 1 0 .2 1 0 .8 9 .0 9 .9 9 .9 9 .9 1 0 .5 1 1 .0 1 1 .3 1 2 .1 1 1 .9 1 2 .9 1 -7 8 1 0 .0 1 0 .0 9 .9 1 0 .2 1 0 .7 9 .1 9 .9 9 .9 9 .9 1 0 .4 1 0 .8 1 1 .0 1 1 .5 1 1 .2 1 1 .3 9 .8 2 -7 8 1 0 .2 1 0 .2 1 0 .1 1 0 .3 1 0 .9 9 .4 1 0 .1 1 0 .1 1 0 .2 1 0 .7 1 1 .1 1 1 .2 1 1 .7 1 1 .5 1 1 .7 1 1 .1 1 2 .5 3 -7 8 1 0 .2 1 0 .2 1 0 .1 1 0 .3 1 0 .8 9 .4 1 0 .1 1 0 .1 1 0 .2 1 0 .6 1 1 .0 11*1 11*5 1 1 .2 1 1 .3 1 0 .8 1 1 .3 1 0 .2 4 -7 8 1 0 .3 1 0 .3 1 0 .2 1 0 .4 1 0 .9 9 .7 1 0 .3 1 0 .3 1 0 .4 1 0 .8 11 .1 1 1 .3 11*6 1 1 .5 1 1 .6 1 1 .2 1 1 .7 1 1 .3 1 -7 4 2 -7 4 3 -7 4 4 -7 4 1 -7 5 2 -7 5 3 -7 5 4 -7 5 1 -7 6 2 -7 6 3—76 4 -7 6 1—T 7 2 -7 7 A -7 7 * -7 7 1- 7« 7- 7 A 1 »3 1 9 .1 1 »3 5 9 .6 1 »3 9 1 . 6 1 »4 3 3 .3 1 »4 6 8 .4 1 2 .5 1 »5 1 2 .3 1N1TLAL QUARTER D IS P O S A R L E PERSONAL INCOME I N 1 97 2 DOLL AS S COMPOUNDED ANNUAL RATES OF CHANCE TERM INAL ftftiT O if S OF DOLLARS I N I T I A L QUARTER Q U A B TFB 1 -7 4 2 -7 4 3 -7 4 4 -7 4 1 -7 5 2 -7 4 -1 .7 3 -7 4 -0 * 9 -0 .0 4 -7 4 -l.B -1 .9 -3 .7 1 -7 5 -2 .0 -2 .1 -3 .1 -2 .5 2 -7 5 2*6 3 .7 4 .9 9 .6 2 3 .1 2 -7 5 3 -7 5 4 -7 5 1 -7 6 2 -7 6 3 -7 6 4 -7 6 1 -7 7 2 -7 7 3 -7 7 4 -7 7 1 -7 8 2 -7 8 8 4 3 .1 8 4 3 .0 8 3 5 .1 8 2 9 .8 8 7 4 .1 3 -7 5 1 .3 1 .9 2 .4 4 .5 8 .2 -4 .9 4 -7 5 1 .7 2 .2 2 .7 4 .4 6 .8 -0 .5 4 .0 1 -7 6 2 .1 2 .6 3 .0 4 .4 6 .3 1 .2 4 .4 4 .7 2 -7 6 2 .1 2 .5 2 .9 4 .0 5 .4 1 .4 3 .6 3 .4 8 6 3 .1 8 7 1 .7 8 8 1 .8 2 .1 8 8 6 .3 3 -7 6 2 .1 2 .5 2 .8 3 .8 4 .9 1 .6 3 .3 3 .0 2 .2 2 .4 4 -7 6 2 .3 2 .7 3 .0 3 .9 4 .8 2 .0 3 .5 3 .3 2 .9 3 .3 4*3 1 -7 7 2 .2 2 .6 2 .9 3 .6 4 .4 2 .0 3 .2 3 .0 2 .6 2 .8 3 .0 1 .7 2 -7 7 2 .5 2 .9 3 .2 3 .9 4 .6 2 .5 3 .6 3 .6 3 .3 3 .6 4 .1 4 .0 6 .2 3 -7 7 2 .B 3 .1 3 .4 4 .1 4 .8 2 .9 3 .9 3*9 3 .8 4 .1 4 .5 4 .6 6 .1 5 .9 4 -7 7 3 .1 3 .5 3 .7 4 .4 5 .0 3 .4 4 .3 4 .4 4 .3 4 .7 5 .2 5 .4 6 .7 6 .9 7 .8 1 -7 B 3 .0 3 .3 3 .5 4 .1 4 .7 3 .2 4 .0 4 .0 3 .9 4 .2 4 .5 4 .5 5 .2 4 .9 4 .4 1 .1 2 -7 B 3 .0 3 .3 3 .5 4 .1 4 .6 3 .2 4 .0 3 .9 3 .9 4 .1 4 .3 4 .3 4 .9 4 .5 4 .1 2 .3 3 -7 8 3 .0 3 .3 3 .5 4 .0 4 .5 3 .2 3 .9 3 .9 3 .8 4 .0 4 .2 4 .2 4 .7 4 .3 3 .9 2 .7 3 .5 3 .5 3 .2 3 .5 3 .7 4 .1 4 .6 3 .4 4 .1 4 .1 4 .0 4 .2 4 .4 4 .4 4 .8 4 .6 4 .3 3 .4 4 .2 4. 6 1 -7 4 2 -7 4 3 -7 4 4 -7 4 1 -7 5 2 -7 5 3 -7 5 4 -7 5 1 -7 6 2 -7 6 3 -7 6 4 -7 6 1 -7 7 2 -7 7 * -7 7 4 -7 7 1- 7* 2- 7 « 4 —78 3 -7 8 IN IT IA L 8 9 1 .5 9 0 0 .9 9 0 4 .8 9 1 8 .6 9 3 1 .9 9 4 9 .6 OUAATEft i l £ £ A f t EQ BY FEDERAI FEBRUARY 22* 1979 18 9 5 2 .1 3 .5 9 6 0 .3 9 6 8 .7 5 .7 3—7*1 9 8 2 .2 - C O R P O R A T E PROFITS A F TER TAXES « C O M P O U N O E O ANNUAL KATES OF CH A N G E tèrminal initial quarter dollars q u a r t e r ______________________________________________________________________________________________________________________________________________ 4 -7 3 1 -7 4 1 -7 4 14*8 2 -7 4 1 2 .9 1 1 .2 3 -7 4 2 5 .0 3 0 .5 7 .3 4 .9 4 -7 4 1 -7 5 2 -7 5 2 -7 4 3 -7 4 4 -7 4 1 -7 5 2 -7 5 3 -7 5 4 -7 5 1 -7 6 2 -7 6 3 -7 6 4 -7 6 1 -7 7 2 -7 7 3 -7 7 4 -7 7 1 -7 8 «MIMAI. » A l t s 2 -7 8 7 0 .9 7 2 .8 5 3 .3 8 1 .0 1 .9 -3 2 .2 7 3 .5 -1 1 .1 - 1 6 . 6 - 2 4 . 3 -4 6 .8 -5 8 .2 -3 .8 -7 .2 - 1 1 . 3 -2 6 . 0 -2 2 .8 5 9 .1 4 2 .8 6 4 .6 7 4 .6 1 1 3 .6 7 8 .1 3 -7 5 7 .8 6 .7 5 .8 -3 .6 8 .4 4—75 8 .3 7 .4 6 .8 -0 .7 9 .3 5 0 .5 5 4 .5 11*8 1 -7 6 1 2 .3 1 2 .0 12 .2 6 .5 1 6 .5 5 0 .6 5 3 .3 2 9 .9 5 0 .9 2 -7 6 1 2 .7 1 2 .5 1 2 .7 7 .8 1 6 .5 4 3 .0 4 3 .0 2 5 .1 3 2 .4 1 6 .2 3 -7 6 1 1 .8 1 1 .5 11 .6 7 .2 1 4 .5 3 5 .4 3 4 .0 19*2 2 1 .8 9 .4 3 .1 4 -7 6 1 0 .4 1 0 .0 9 .9 5 .9 1 2 .0 2 8 .9 2 6 .8 1 4 .2 1 4 .8 4#8 -0 .4 -3 .8 1 -7 7 1 1 .1 1 0 .8 10 .8 7 .3 1 2 .9 2 7 .8 2 5 .8 1 5 .1 1 5 .8 8 .4 6 .0 7 .4 2 0 .0 2 -7 7 1 2 .3 1 2 .1 1 2 .2 9 .1 1 4 .4 2 7 .9 2 6 .1 1 7 .0 1 7 .9 1 2 .2 1 1 .3 1 4 .1 2 4 .3 2 8 .8 3 -7 7 12 .0 1 1 .8 1 1 .9 9 .0 1 3 .8 2 5 .8 2 4 .0 1 5 .8 1 6 .4 1 1 .5 1 0 .6 1 2 .6 1 8 .6 1 7 .9 8 .0 4 -7 7 1 1 .1 1 0 .9 1 0 .8 8 .1 1 2 .4 2 3 .0 2 1 .2 1 3 .8 1 4 .0 9 .5 8 .5 9 .6 1 3 .2 1 1 .1 3 .1 -1 .5 8 0 .3 8 9 .0 9 2 .4 9 3 .1 9 2 .2 9 6 .5 1 0 2 .8 1 0 4 .8 1 0 4 .4 1 -7 8 9 .8 9 .5 9 .4 6 .8 1 0 .6 2 0 .0 1 8 .1 1 1 .3 1 1 .3 7 .1 5 .9 6 .3 8 .5 5 .8 -0 .9 -5 .1 -8 .5 2 -7 8 1 3 .4 1 3 .3 1 3 .4 1 1 .2 1 5 .2 2 4 .5 2 3 .1 1 7 .1 1 7 .6 1 4 .4 1 4 .2 1 5 .9 19.5 1 9 .4 1 7 .2 2 0 .5 3 3 .2 9 4 .0 3 -7 8 1 2 .4 1 2 .2 1 2 .3 1 0 .1 1 3 .8 2 2 .2 2 0 .7 1 5 .1 1 5 .4 1 2 .4 1 2 .0 1 3 .2 1 5 .8 1 5 .1 1 2 .6 1 3 .7 1 9 .3 3 6 .3 -4 .2 4 -7 3 1 -7 4 2 -7 4 3 -7 4 4 -7 4 1 -7 5 2 -7 5 3 -7 5 4 -7 5 1 -7 6 2 -7 6 3 -7 6 4—76 1 -7 7 7-77 Ï-7 7 4—7 k 1-7H 7-7B 4-78 1 0 2 .1 1 2 0 .5 1 1 9 .2 N.A. INITIAL ÛUAftTFR * NATIONAL INCONE BASIS N. A. - NOT AVATTART.F HEPâRfeQ B Y . JEtDEtAi. tfcSEavE « n r FEBRUARY 2 2 . 1979 rtf SOURCES OF DATA NATIONAL INCOME AND PRODUCT ACCOUNTS DATA Source: 1929-72: 1973: 1974: 1975-77: U.S. Department of Commerce, Bureau of Economic Analysis, Washington, D.C. 20230 The National Income and Product Accounts of the United States, 1929-74, A Survey ot Current Business Supplement. Survey of Current Business, July 1976. Survey of Current Business, July 1977. Survey ot Current Business, July 1978. The Survey is available from most district offices of the Department of Commerce or from the Superintendent of Documents, U.S. Government Printing Office, Washington, D.C. 20402. 19 s t , ■LOUIS______ I N V E N T O R I E S COMPARED W I T H MONTHLY S A L E S * MANUFACTURING 1965 1966 1967 1968 1969 1970 1971 1972 AND TRADE 1973 1974 * RAT I OS BASED ON S E A S O NA L L Y ADJUSTEO DATA. 1975 SOURCE: 1976 1977 U.S.DEPARTMENT 1978 1979 OF COMMERCE SHADED AREAS 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 . L A T E S T DATA P L O T T E D : DECEMBER P R E L I M I N A R Y PREPARED BY F EDE RAL R ESERVE BANK OF S T . 20 LOUIS
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