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nH Tionm
PREPARED

M o n t h E n d in g :

BY FEDERAL

RESERVE

BANK

O c to b e r 31, 1979

I n f la t io n a c c e le r a t e d
sh a rp

E c o n o m r ce u d s
t i

in c r e a s e s

in

th e

p r ic e

OF

ST. LOUIS

R e le a s e d :

in t h e

N o v e m b e r 30, 1979

f i r s t t h r e e q u a r t e r s o f 1 9 7 9 la r g e ly

o f e n e rg y

p ro d u c ts .

The

d e g re e

becau se o f

o f a c c e le r a t io n

v a r ie s

s o m e w h a t , h o w e v e r , d e p e n d in g o n w h ic h m e a s u r e o f p r i c e s is u s e d .

M E A S U R E S O F

P R IC E

C H A N G E

(C o m p o u n d e d A n n u a l R a te s o f C h a n g e )
IV /7 8

IV /7 7

to

to

m /7 9

12. 8 %

C o n s u m e r P r ic e In d e x
G N P

IV /7 8
9 .0 %

8 .9

O th e r th a n E n e rg y

6 .9

7 .6

E n e rg y P ro d u c ts *

7 .6

4 2 .6

P e r s o n a l C o n s u m p t io n D e f la t o r

8.2

10.1

D e f la t o r

7 .6

'G a s o lin e , m o t o r o il, f u e l o il, c o a l, e l e c t r ic i t y , a n d n a t u r a l g a s .

The
p re p a re d

by

best

th e

c o n s u m p t io n
a c c e le r a t e d

fro m

because

it

does

it e m s

in

in

The
not

w hose

in

in c o r p o r a t e

p r ic e s

a re

in c r e a s e s

c o s ts

as

t h e ir

a s s e ts ,

th e re fo re

fo r

r is e

not

in

an

a

th e
is

consum er

p r ic e

fix e d - w e ig h t

t h is

to

a

m e a su re ,

in

th e

p a tte rn

r e la t iv e

to

a ll

o f

th e

f ir s t

In

th re e

e x p e n d it u r e s .

t h e ir p u rc h a s e s

p r ic e s .

on

p r ic e s

th e c o s t o f liv in g

consum er

re d u ce

o th e r

in

in

(C P I)

based

consum er

1 2 .8 p e r c e n t a n n u a l r a t e

in d e x o v e r s t a t e s t h e r i s e

in d e x

in d e x

o f th o s e

a d d it io n ,

th e

C P I

h o m e p r ic e s a n d f in a n c in g c o s t s b e c a u s e it t r e a t s th e s e

b o th

p r o s p e c t iv e

h o u s in g

in c r e a s e

p ro d u ce s a

is

T h is

ch a n g e , co n su m e rs

r is in g

e f f e c t o f r is in g

to

t h is

changes

m a rk e ts

a m p lif ie s th e

h o m e o w n e rs, a

in

in f la t io n

L a b o r.

A c c o r d in g

1978

in c r e a s e

in d iv id u a l

o f

o f

1 9 7 2 -7 3 .

9 p e rce n t

o f 1979.

p r ic e s

m e a su re

D e p a rtm e n t

p a tte rn s

q u a rte rs
A s

know n

U .S .

p r ic e s
in

th e

h ig h e r a n d

and

cu rre n t

re p re s e n ts
cost

m o re

an

o f liv in g .

r a p id r a t e

h o m e o w n e rs.

in c r e a s e
The

To

cu rre n t

in t h e n o m in a l v a lu e

h o m e o w n e r s h ip

o f c o n s u m e r p r ic e

of

com p onent

in c r e a s e s d u r in g

p e r io d s o f r i s i n g h o m e p r ic e s a n d m o r t g a g e r a t e s .
The
th e

U .S .

p r o v id e s a
o f p r ic e s

in

d o lla r s

d e f la t o r

C o m m e rc e ,

e c o n o m y a c c e le r a t e d
th e

a p p r o p r ia t e

c o n s ta n t

o f

fo r g ro ss
a llo w s

b ro a d e r ra n g e o f c o v e ra g e .

in t h e

p e rc e n t ra te
by

im p lic it p r ic e

D e p a rtm e n t

p r ic e

d o lla r s .

y ie ld s

f ir s t th re e

th e

in d e x e s

D iv id in g
G N P

n a t io n a l p r o d u c t ( G N P ) , p r e p a r e d

fo r

A c c o r d in g
fro m

and

t h is

s p e n d in g

th e n

sum m ed
d o lla r

C a lc u la t e d

p a tte rn s

by
and

m e a s u r e , th e a v e r a g e le v e l
in

1978

to

an

8 .9

T h e c o m p o n e n t s o f G N P a r e d iv id e d

c u rre n t

d e f la t o r .

to

in

a n 8 .2 p e r c e n t in c r e a s e

q u a rte rs o f 1979.

th e

changes

to

o b t a in

G N P

in

t h is

by

an

e s t im a t e

t h is

w a y , th e

o f

e s t im a t e
G N P

in

G N P

in

c o n s ta n t

d e f la t o r

r e f le c t s

c h a n g e s in t h e c o m p o s it io n o f s p e n d in g a s w e l l a s p r ic e s .
The
com p onent
s p e n d in g

d e f la t o r

o f

not

h o m e o w n e rs

th e

G N P

r e f le c t e d
in

fo r

p e rso n a l

d e f la t o r ,
by

th e

fix e d - w e ig h t

p e r s o n a l c o n s u m p t io n
h o u s in g .

U s in g

t h is

p e rce n t

th e

th re e

q u a rte rs

in

f ir s t

e x p e n d it u r e s ,

changes
C P I.

e x p e n d it u r e s

o w n e r - o c c u p ie d
ra te

c o n s u m p t io n

in c o r p o r a t e s

In
a re

in

m e a s u r e , c o n s u m e r p r ic e s
o f

1979

fro m

as

p a tte rn

a d d it io n ,
based

on

a

o f

h o u s in g
th e

m a jo r

consum er
c o s ts

to

r e n t a l v a lu e

a c c e le r a t e d

a 7 .6 p e r c e n t r a t e

in 1 9 7 8 , p r i m a r i l y a s t h e r e s u lt o f in c r e a s e d e n e r g y p r ic e s .




th e

to

a

of

1 0 .1

o f in c r e a s e

TOIAL C IV IL IA N EHPL0VHLN1
CUHPOONOEO ANNUAL RATES Of CHANGE
1

L

M

I N

3 -7 0

Mo

K

4 -7 6

A

L

_________________________________________ IN IT IA L HONTH_________________________________ __________________________________ THÜÜVANOS
OF

n th

5 -7 6

6 -7 b

7 -7 «

b — 76

9 -7 0

r -7 b

* .4
6*0

6 .1

3 .6

3 .¿

3*7_

3 .3

_3 ^3_

0.5

3 .7

3 .4

4 .4

1 .6

3 .6

3 .6

3 .4

3 .3

1 .9

3 .4

3 .3

3 -7 9

4 -7 9

* -7 9

6 -7 9

7 -7 9

b -7 9

3 .0

7 -7 ö
f -7 o

PERSONS

9 -7 9

3 .7

1 0 — 7 to

2 -7 9

3 .6

9 -7 o

1 -7 9

9 .1

3w

1 2 -7 0

_ 3 .2

t>— 7 b

11— 7b

^ .6

> -7 o

1 0 -7 0

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

9 4 ,4 4 6
9 4 ,7 2 3
9 5 ,0 1 0
9 5 ,2 4 1

à i -7 b

*•0

3 .0

3 .9

2 .«

4 .¿

4 .4

4 .8

1 2 -7 6

3 .7

3 .5

3 .5

2 .6

3 .6

3 .6

3 .6

1 .3

1 -7 9

3 .9

3 .7

3 .6

3 .0

4 .0

4 .0

4 .1

3 .5

9 5 ,7 5 1
9 5 ,0 * *
5 .7

9 6 ,3 0 0

2 -7 9

3 .9

4 .0

i.t t

3 .¿

4 .0

4 .1

4 .2

3 .0

5 .1

4 .4

i-7 V

3 .0

3 .7

3 .7

3*1

3 .0

3 .9

3 .9

3 .5

4 .2

3 .4

2 .4

♦ -7 *

2 .9

¿ .6

2 .6

1 .9

2 .4

2 .3

2 .1

1 .1

1 .0

-0 .5

-2 .9

5 -7 9

2 .*

2 .6

2 .5

1 .9

2 .4

2 .3

2 .1

1 .2

1 .2

0 .1

-1 .4

—3 .2

6 -7 V

3 .0

2 .6

2 .7

2 .¿

2 .7

2*6

2 .5

1 .0

1 .9

1 .1

0 .3

-0 .4

3 .7

V 6 ,6 4 7
9 6 ,0 4 2
Í

9 6 ,1 7 4

- b . o \

9 6 ,3 1 0
5 .6

ssO J B %

9 6 ,7 5 4

7 -7 V

3 .1

3 .0

3 .0

2*5

2 .9

2 .9

2 .6

2 .3

2 .4

1 .9

1 .4

1 .1

4 .4

5 .7

0 -7 9

2 .7

2 .5

2 .5

2 .0

2 .4

2 .3

2 .2

1 .6

1 .6

1 .1

0 .5

0 .1

2*3

2 .4

0 .9

9 -7 9

3 .0

2 .9

2 .0

2 .4

2 .0

2 .7

2 .6

2 .2

2 .3

1 .9

1 .5

1 .4

3 .4

3 .0

3 .2

1 .9

10 —7 V

2 .7

2 .»

2 .5

2 .1

2 .4

2 .3

2 .2

1 .0

1 .0

1 .4

1 .0

0 .0

2 .3

2 .4

1 .7

0 .4

2 .5

“ >*Tb

4 -7 è

5— 7 b

6— 7b

9 - 7 0 T O U T S ' 1 1 -7 0

1 2 -7 0

1 -7 9

4 -7 9

5 -7 9

6 -7 9

7 -7 9

# -7 9

7 -T f f

0 -7 8

2 -7 9 ' 3=W ~

9 7 ,2 1 0
-3 .0

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

-2 .7 ^

9 -7 9

ITîTTIÀL Hú n Th

PAYROLL ENPLUVHENT
CONPOUNOEO ANNUAL RATES OF CHANftfc
______ ______________________________________________________________ I N I T I A L

IteHHlNAL

HONTH____________________________________________________________________ ______________IHOOSANOS

OF PERSONS

MDNTH
3 -7 0
4 —7 b

4 -7 0

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 -7 9

2 -7 9

3 -7 9

4 -7 9

5— V
7

6 -7 9

7 -7 9

0 -7 9

9 -7 9

1 0 .5

05*961
6 6 ,2 2 7

5 -7 6

7 .1

3 .0

6 -7 b

6 .5

4 .5

5 .2

7 -7 0

5 .2

3 .4

3 .2

1 .3

b -7 b

4 .7

3 .2

3 .1

2 .0

2 .7

b 6 ,5 9 0
0 6 ,6 0 6
6 6 ,0 0 0
0 7 ,0 3 2

9 -7 0

4 .2

3 .0

2 .0

2 .1

2 .4

2 .1

1 0 -7 6

4 .4

3 .4

3 .4

2 .9

3 .4

3 .0

5 .5

1 1 -7 0

^•6

3 .0

3 .0

3 .5

4 .0

4 .5

5 .7

5 .9

4 .4

5 .2

5 .0

4 .1

1 2 -7 0

4 .5

3 .0

3 .b

3 .6

4 .1

0 7 ,4 2 4
0 7 ,0 4 0
0 0 ,1 3 3
0 0 ,4 3 3

1 -7 9

4 .5

3 .9

3 .9

3 .7

4 .1

4*3

4 .9

4 .7

4 .1

4 .2

2 -7 9

4 .4

0

3 .b

3 .7

4 .0

4 .2

4 .7

4 .4

4 .0

3*9

3 .7

4 -7 9

4 .4

3 .9

3 .9

3 .0

4 .1

4 .3

4 .7

4 .5

4 .2

4 .2

4*2

4 .7

4 -7 9

4 .1

3 «6

3 .6

3 .4

4 .6

3 .7

4 .0

3 .7

3 .3

3 .1

2 .0

2 .3

0 0 ,7 0 0
0 9 ,0 4 9
0 9 ,0 3 6

- 0 .0

0 9 ,3 9 0

5 -7 9

4 .2

3 .7

3 .7

3 .5

3 .0

3 .9

4 .1

3 .9

3 .6

3 .5

3 .3

3 .2

2 .4

6 -7 9

4 .1

3 .6

3 .6

3 .5

3 .7

3 .0

4 .0

3. 0

3 .5

3 .4

3 .3

3*2

2 .7

* .o

3 > \2 -2 %

7 -7 9

3 .9

3 .5

3 .5

3 .3

3 .5

3 .6

3 .7

3 .5

3 .2

3 .1

2 .9

2 .0

2 .3

3 .1

2 .1

1 . 2 X

« 9 ,7 1 3
0 9 ,7 6 2

0 9 ,6 2 6

0 -7 9

3 .7

3 .3

3 .3

3 .1

3 .3

3 .3

3 .4

3 .2

2 .9

2 .0

2*6

2 .4

2 .0

2 .5

1 .6

0 .9

0 .7

9 -7 9

3 .6

3*2

3 .1

3 .0

3 .1

3 .1

3 .2

3 .0

2 .7

2 .6

2 .4

2 .2

1 .0

2 .2

1 .5

1 .0

0 .9

1 0 -7 9

4 .6

3 .2

3 .2

3 .1

3 .2

3 .2

3 .3

3 .1

2 .9

2 .0

2 *6

2 .5

12*
2

2 .5

2 .0

1 .0

2 .0

2 .6

~ 3 -T b ~ 4 ^ fb " 5 -T b

6 -7 0

7 -7 0

¥-70

9 —70

16-76 11-70 12-70

1 -7 9

2 -7 9

4 -7 9

5— 9
7

6 -7 9

7 -7 9

0 -7 9

3 -7 *

0 9 ,0 4 5 P
\

9 0 ,1 5 I K

9 -7 9

IRTTTMTRSiTH
> - ^ K fcLIH iN A R V "




"
"

“
PfcEPAREO BY FEOERAL RESERV E bANK OF ST* LO UIS
NOVEMBER 2 , 1979

2




EMPLOYMENT
R A T I O SC A LE

R A T I O SCALE

1971

1972

1973

1974

1975

1976

1977
SO U RCE:

PERCEN TAGES ARE ANNUAL RATES OF CHANGE FOR PER IO D S
LA T E S T DATA PLOTTED»

1978

1979

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

IN D IC A T ED .

OCTOBER PR E L IM IN A R Y
PREPARED BY FED ER A L RESERV E BANK OF S T .

UNEMPLOYMENT
SEASONALLY

PERCENT

LO U IS

RATE

ADJUSTED

PERCENT
10.0

9.

9 .0

8.

8.0

r.o

6.

6.0

5.

5 .0

4.

4 .0

3.

3.0

2.

2.0

1971

1972

1973

1974

1975

1976

1977
SOURCE:

PERCENT OF C I V I L I A N
L A T ES T DATA PLO TTED :

U .S .

1978

1979

DEPARTMENT OF LABOR

LABOR FORCE
OCTOBER

PREPARED BY FEDERAL .RESERVE BANK OF ST. LOUIS

3

CONSUMER P R IC E IN D E X , SEA SO N A LLY A O JUSTED <
COMPOUNOEO ANNUAL R A T ES OF CHANGE

T t RHINAL
münTh -

I N I T I A L MONTH
3 -7 8

*- 7 8

5-78

4-78

10.5
10.5

10.4

9.8

9.5

9.0

9-78 10-78 11-78 12-78

1-79

2-79

3-79

4-79

5-79

6-79

7 -7 9

8-79

9 -7 9

10.4

7-78

8-78

10.5

6-78

7-78

1 0 .6

5-78

6 -7 6

193.4

7.6

19 6 . 2
1*7.3

8-78

9.2

8.9

8 .3

7.3

9-78

9.4

9.1

8 .8

b•2

8.5

10.2

10-78

9.6

9.4

9.2

8.9

9.3

10.5

10.8

11-78

9 .3

9.1

8.9

9.4

9.1

3-78

< -7tt
>

5-76

*CPI-W

FOK

URBAN

WAGb

6-TÔ

EARNERS

6.9

7-78

8-78

AMO CLERICAL

1911.9

2 0 0 .6
7.4

5>-7B 10-78 11-78 12=78

1-79

WORKERS

NOVEMBER

27*

1979

SEASONALLY ADJUSTED
COMPOUNDED
TERMINAL
M O N T H ----3-78

ANNUAL RATES

OF CHANGE
1967 • 100

INITIAL MONTH
4-7tt

5-78

6-78

7-78

8-78

9-78

10-78

11-78

12-78

1-79

2-79

3-79

4-79

5-79

6-79

7-79

8-79

9-79
2 0 6 .1
¿ 0 7 .5

9.7

¿ 0 9 .1

7.5

5.3

6.3

4 .7

7.5
9.3

7.8

6. 8

9.2

7.3

6.5

8 .6

8.7

8.4

9 .4

6 .9

¿10.7
7.1

10.1

¿12.**

8 .9

8 .8

9.5

12.3

14.4

9.6

8 .8
l ¿ —7b

2 1 0 .0

11.5

12.2

9 .5

1 0 .9

1 1 .2

9 .6

¿ 1 8 .1

9 .2
1
r

1 -7 9

1 0 .1

9 .8

9 .9

1 0 .0

1 0 .8

1 2 .1

1 2 .6

1 2 .1

1 3 .1

1 7 .2

2 -7 9

1 0 .9

1 0 .6

1 0 .8

1 1 .0

1 1 .8

1 3 .1

1 3 .7

1 3 .6

1 4 .8

1 7 .7

1 8 .2

¿ 2 * .l

1 3 .9

1 5 .0

1 6 .9

1 6 .8

¿ 2 6 .8

221 .u

3 -7 9

1 1 .2

1 1 .0

1 1 .3

1 1 .4

1 2 .2

1 3 .5

1 4 .0

4 -7 9

1 1 .6

1 1 .4

1 1 .7

1 1 .9

1 2 .6

1 3 .8

1 4 .3

1 4 .3

1 5 .1

1 6 .7

1 6 .5

1 5 .7

1 5 .9 \

5 -7 9

1 1 .4

1 1 .2

1 1 .5

1 1 . to

1 2 .3

1 3 .2

1 3 .6

13*5

1 4 .1

1 5 .1

1 4 .6

1 3 .5

1 2 .5

6 -7 9

1 1 .2

1 1 .0

1 1 .2

1 1 .3

1 1 .9

1 2 .7

1 3 .0

1 2 .8

1 3 .3

1 3 .9

1 3 .3

12*1

1 1 .0

7 -7 V

1 1 .6

1 1 .4

1 1 .6

1 1 .8

1 2 .3

1 3 .1

1 3 .4

1 3 .3

1 3 .7

1 4 .4

1 3 .9

1 3 .1

1 2 .5

1 1 .4

1 2 .5

1 7 .2

b—
79

1 1 .6

1 1 .4

1 1 .6

1 1 .8

1 2 .3

1 3 .0

1 3 .3

1 3 .2

1 3 .5

1 4 .1

1 3 .6

1 2 .9

1 2 .4

1 1 .5

1 2 .3

1 4 .5

1 1 .8

9 -7 9

1 2 .0

1 1 .9

1 2 .2

1 2 .3

1 2 .8

1 3 .6

1 3 .8

1 3 .8

1 4 .2

1 4 .7

1 4 .4

1 3 .9

1 3 .7

1 3 .2

1 4 .2

1 6 .4

1 6 .0

2 0 .3

1 0 -7 9

1 2 .3

1 2 .2

1 2 .5

1 2 .7

1 4 .2

1 3 .8

1 4 .1

1 4 .1

1 4 .5

1 5 .0

14. B

1 4 .4

1 4 .2

1 4 .0

1 4 .9

1 6 .7

1 6 .5

1 9 .0

> -fO

o —t o

f —fO

B -f®

W V

Z -fV

4-

4 -7 9

» -7 9

6 -7 9

i- f #

iw - r u

1 1 - 1 2 —f o
H UI1ÂL

r§

¿ 2 9 .6

15 Q %

¿ 3 1 .4
2 3 2 .8 R

8 .7

2 3 5 .9
2 3 6 .1
2 4 1 .8
1 7 . 7 s)

2 4 5 .1

MUN I H

R-Revised




P R E P AHED B T HfaUER
NOVEMBER 1» 1979

4

vfc bAim. Uh S I .

L IA I I S




PRICES

RATIO SCALE
I 967-100
--------230

,----------- ,

-

SE A S O N A L L Y

,

RATIO

A D JU S T E D

SCALE

1967-100
230

220

220
210 “

y y
^^225 4 210

A II
LL
1 7 UBN
9 6 RA
PRE T
E CN
JUL. 218.4
12.3
200
A G 220.7
U.
13.4
S . 223.1
EP
13.9
- O
CT. 225.3
12.5
190
NV
O.
DC
E.
180
P R E T IS C MO N E
E CN
O P U DD
A N A R TE O C A G
N UL A F HNE

200
190
180

x ry A

170

290
160

280
270

\

150

0C
£

A ìy

14 0

CONSUIyIER - AII

130

^

■ yy+15. OX//
/ /

a

1TP!
r

v
^7T4'5.t

1y
y

1

J
UNE' /
S

210
200

y -------- j

190

230

220

/

IT

240

/ y *

My p. W

f£8. / J
'

1 10

250

+ fiy y 1
Q

A Y

120

260

190
I 80

180

,/M 5

] 70

/

160

—

150

*18. 9X ,

—

Á

140

1

,/
/

30

+ i
4.

I 20

+4. 6Z

^

170

r

160
150

Y
r

J

140

r

130

PRODUCE:R

AL L COMMI3D 1T i ES

120

*

$

10

r
I 00 1

-

OT V
C. V
___ L i1

1971

1972

I 10

mr. 'TV

L
♦j
1973

1974

1

..

1975

1976

19 7 7

t
1978

100

1979

ILCPI-U F R A L U B N C N U E S
O L R A O S MR
K.CPI-* F R U B N V S E R E S A O CLER A WR E S
O RA A E A NR N
IC L O K R
P R E TA E A E A N A R TE O C A G F R P R D INO
E C N G S R N U L A S F H N E O E IO S
ICATED
.
LATEST D TA P TTED O TO E
A LO t C B R
P E A E B FE E A R S R E B N O ST. LO IS
RP RD Y D R L E E V A K F
U

RATIO SCALE

PRODUCER

1967-100

SEASO N ALLY

PRICES
A D JU S T E D

RATIO SCALE
1967-100

P R E T G S A C A N A R T * O C A G F R P R D IN IC T D
E CN A E
R
NUL A E
F H N E O E IO S
O A E .
L T S DT PO TD O T BR
A E T AA L T E * C OE
P R E P A R ID BY FED ERAL R E SE R VE BANK OF S T .

5

L O U IS

PROOUCER P R IC E

IN O EX » IN D U S T R IA L CO M M O DITIES - SEA SO N A LLY A D JU ST ED
COMPOUNDED ANNUAL R ATES OF CHANGE

TERMINAL____________ ________ ______________________________________ I N I T IA L MONTH_________ ______
MONTH
1 -7 9
2 -7 9
3 -7 9
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
4 -7 6

9 .5

6 -7 6

9*3

8 .8

9 .2

8 .8

9 .0

8 .9

8 .5

8 .6

8 .3

8 .7

8 .4

8 .3

8 .1

7 .7

9 .0

8 .7

8 .8

8 .7

8 .6

9 .1

9 .1

8 .9

9 .0

9 .0

9 .0

9 .4

1 0 .3

9 .9

1 2 -7 8

9 .0

8 .8

8 .8

8 .8

8 .6

9 .1

9 .5

9 .0

9 -7 9

1 0 .6

1 1 -7 8

8 -7 9

7 .6

1 0 -7 8

7 -7 9

7 .7

9 -7 8

6 -7 9

9 .0

0 -7 6

5 -7 9

9 .0

7 -7 8

4 -7 9

. i* > 7 * 100

1 0 .5

5 -7 6

___

8 .1

8 .5

¿ ij

?. 1

¿0 6 .6
¿1 0 .1
¿1 1 .4

2 2 ./
1
21*.t>
217.0
¿2 0 .2

1 -7 9

9 .6

9 .5

9 .6

9 .7

9 .8

1 0 .3

1 1 .0

1 1 .1

1 1 .6

1 5 .3

2 -7 9

1 0 .0

1 0 .0

1 0 .2

1 0 .3

1 0 .5

1 1 .0

1 1 .7

1 1 .9

1 2 .6

1 4 .9

1 4 .5

3 -7 9

1 0 .4

1 0 .4

1 0 .6

1 0 .8

1 1 .0

1 1 .5

1 2 .2

1 2 .5

1 3 .2

1 4 .9

1 4 .7

4 -7 9

1 1 .0

1 1 .0

1 1 .3

1 1 .5

1 1 .8

1 2 .3

1 3 .0

1 3 .4

1 4 .1

1 5 .6

1 5 .7

1 6 .4

1 7 .8

5 -7 9

1 1 .3

1 1 .4

1 1 .6

1 1 .9

1 2 .2

1 2 .7

1 3 .3

1 3 .7

1 4 .4

1 5 .7

1 5 .7

1 6 .2

1 6 .8

1 5 .7

V

6 -7 9

1 1 .5

1 1 .6

1 1 .8

1 2 .0

1 2 .3

1 2 .8

1 3 .4

1 3 .7

1 4 .3

1 5 .3

1 5 .4

1 5 .6

1 5 .8

1 4 .8

1 3 .8

¿3 3 .7 R

7 -7 9

1 1 .9

1 2 .0

1 2 .3

1 2 .5

1 2 .9

1 3 .3

1 3 .9

1 4 .3

1 4 .8

1 5 .8

1 5 .9

1 6 .2

1 6 .5

1 6 .1

1 6 .3

1 8 .9

¿3 7 .1

8 -7 9

1 2 .3

1 2 .4

1 2 .7

1 2 .9

1 3 .2

1 3 .7

1 4 .3

1 4 .7

1 5 .2

1 6 .1

1 6 .2

1 6 .5

1 6 .6

1 6 .6

1 6 .9

18.5

1 8 .0

9 -7 9

1 2 .6

1 2 .8

1 3 .1

1 3 .3

1 3 .6

1 4 .1

1 4 .7

1 5 .0

1 5 .6

1 6 .4

1 6 .6

1 6 .9

1 7 .2

1 7 .1

1 7 .4

1 8 .6

1 8 .5

18^ 9^ ^

243. V

1 0 -7 9

1 3 .2

1 3 .3

1 3 .6

1 3 .9

1 4 .3

1 4 .7

1 5 .3

1 5 .7

1 6 .3

1 7 .1

1 7 .3

1 7 .7

1 8 .1

1 8 .1

IS .6

1 9 .8

2 0 .1

2 1 .1

23^ 1

¿ * 6 .2

3 -7 8

4—
7B

5 -7 8

6 -7 8

7-71

8 -7 8

9 - 7 8 1 0 - 7 8 1 1 - 7 8 1 2 -7 8

1 -7 9

2 -7 9

3 -7 9

4 -7 9

5—
79

6 -7 9

7 -7 9

8 -7 9

9 -7 9

222.7
¿2i>.3

1 4 .9

220.4

v 17 t / o l A 1%

231.2

2* 0 . *

\

I N I T I A L itONfH

R-Revised

PROOUCER P R IC E IN O EX , FARM PROOUCTS & PROCESSED FOODS t
CONFOUNDED ANNUAL RATES OF CHANSE

FEEDS - SEAS* A D J .

TERMINAL_____________________________________________________________ I N I T I A L MONTH______________________________________________________________ 1 9 6 7 « 1QO
nm vut

3 -7 B

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

1 -7 9

2—
79

3 -7 9

4 -7 9

5 -7 9

6 -7 9

7 -7 9

8 -7 9

9 -7 9
2 0 5 .4

4—
78

2 8 .1

5 -7 8

1 6 .2

5 .4

6 -7 8

1 5 .8

10.0

7 -7 8

9 .4

3 .8

2 .9

— .8
7

8 -7 8

5 .3

0 .3

-1 .4

—8 .6

9 -7 8

8 .0

4 .4

4 .1

0 .8

5 .3

2 2 .5

1 0 -7 8

11.2

B .5

9 .2

7 .8

1 3 .6

2 7 .2

3 2 .0

1 1 -7 8

10.8

8.6

9 .1

8 .0

1 2 .3

2 0 .7

1 9 .8

8.

1 2 -7 8

1 0 .9

9 .0

9 .5

8 .6

12.2

1 8 .4

1 7 .1

10.2

1 1 .7

1 -7 9

12. 2

10.6

1 1 .3

1 0 .7

1 4 .2

1 9 .6

1 8 .9

1 4 .8

1 7 .9

2 0 0 .3
2 0 6 .7

1 4 .9

2 0 7 .3
-9 .4

2 0 5 .6
2 0 9 .1
21* . 0
2 1 5 .5
2 1 7 .5
2 4 .4

¿ 2 1 .5

2 -7 9

1 4 .0

1 2 .7

1 3 .5

1 3 .4

1 6 .8

21.8

2 1 .7

1 9 .2

2 2 .9

2 8 .9

3 3 .5

3 -7 9

1 4 .6

1 3 .5

1 4 .3

1 4 .2

1 7 .3

2 1 .7

21.6

1 9 .6

2 2 .5

2 6 .4

2 7 .3

2 1 .4

4 -7 9

1 3 .7

12.6

1 3 .3

1 3 .1

1 5 .7

1 9 .3

1 8 .9

1 6 .8

1 8 .5

2 0 .3

1 8 .9

12.2

5 -7 9

1 1 .8

1 0 .7

11.1

1 0 .8

12.8

1 5 .6

1 4 .8

1 2 .5

1 3 .1

1 3 .4

10.8

4 .1

-3 .6 -1 0 .4

6— 9
7

1 0 .2

9 .1

9 .4

8 .9

1 0 .6

12.8

1 1 .8

9 .5

9 .6

9 .2

6 .4

0 .5

- 5 .6

-9 .9

— .5
9

7 -7 9

. 1 0 .2

9 .1

9 .3

8 .9

1 0 .4

1 2 .4

1 1 .5

9 .4

9 .5

9 .2

6 .8

2 .1

-2 .2

- 4 .1

- 0 .8

8 .8

8 -7 9

9 .1

8 .0

8 .2

7 .8

9 .1

1 0 .7

9 .7

7 .7

7 .6

7 .1

4 .8

0 .7

-3 .0

-4 .6

—2 .6

1 .1

9 -7 9

9 .8

8 .8

9 .0

8 .6

9 .9

1 1 .»

1 9 .7

8 .9

8 .9

8 .6

6.8

3 .4

0 .7

0 .1

2 .9

7 .4

6 .7

2 1 .3

1 0 -7 9

9 .2

8 .2

8 .4

8 .0

9 .2

1 0 .6

9 .8

8 .1

8 .0

7 .7

5 .9

2 .9

0 .5

0 .0

2 .2

5 .4

4 .3

9 .9

— .5
0

3— 8
7

4 -7 8

5 -7 »

6 -7 8

7 -7 8

8— 8
7

9— 8 1 0 — 8 11— *8 12—78 "T=7*" 2-79
7
7

3--T9

4-79

5-79

6-79

7 -7 9

8 -7 9

9-79

2 2 6 .V
2 3 0 .6
2 3 1 .3

3 .7

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

— .1
6

2 3 1 .4
2 3 1 .3

,




IN ITIA L M0N1W

-------------------------- FR EFA R ED B Y FEOEfcAL R E S E » ¥ lT ftA N R OF S T . LOU I s
NOVEMBER 1 » 1979

6

INDUSTRIAL
RATIO

PRODUCTION

SCALE

RATIO

1967-100

1971

S E AS ON A L L Y

1972

1973

1974

1975

1976

PERCENTAGES ARE ANNUAL RATES OF CHANGE FOR P E R IO O S
LATEST DATA P lO T T E D t

SCALE

1967-100

ADJ USTED

19 77

1978

1979

IN D ICAT ED .

OCTOBER P R ELIM IN A R Y
PREPARED BY FEDERAL R E SE R V E BANK OF S T .

L O U IS

INDU STRIAL PRODUCTION
CUHPQUNOED ANNUAL RATES OF CHAN6E
TERMINAL____________________
Ho n t h
3 -7 6 * - 7 8
5 -7 6

______________________________________ I N I T I A L MONTH__________________________________________________________ 1967 » 100
6 -7 6

7 -7 8

8 -7 8

9 -7 8 1 0 -7 8 1 1 -7 « 1 2 -7 8

1 -7 9

2 -7 9

3 -7 9

4 -7 9

5 -7 9

6 -7 9

7 -7 9

8 -7 9

9 -7 9
1 * * .*

* -7 6

21*2

5 -7 8

12*0

3 .*

6 -7 8

1 1 .7

7 .3

1 1 .3

7 -7 8

1 0 .9

7 .7

9 .9

8 .5

8 -7 6

1 0 .3

7 .7

9 .1

6 .1

7 .6

V—
78

9 .*

7 .1

8 .1

7 .0

6 .3

5 .0

1 0 -7 8

9 .3

7 .5

6 .3

7 .6

7 .3

7 .1

1 1 -7 8

9 .1

7 .5

8 .2

7 .6

7 .3

7 .2

1 2 -7 8

9 .2

7 .8

8 .*

8 .0

7 .8

7 .9

8 .9

8 .7

1 0 .0

1 -7 9

8 .0

6 .6

7 .0

6 .*

6 .1

5 .B

6 .0

* .9

3 .6

1 \
- 2 .3

2 -7 9

7*6

6 .3

6 .7

6 .1

5 .8

5 .5

5 .6

* .7

3 .8

0 .8

* .0

3 -7 9

7 .7

6 .5

6 .8

6 .3

6 .1

5 .9

6 .0

5 .*

* .9

3 .2

6 .1

* -7 9

5 .6

* .*

* .5

3 .9

3 .4

2 .9

2 .6

1 .5

0 .3

- 2 .0

- 1 .8

5 -7 9

6 .2

5 .1

* .0

3 .9

6 -7 9

5 .9

7 -7 V

5 .6

6 -7 9

1 * 4 .6
1 * 6 .1
1 * 7 .1
1 4 6 .0
1 * 8 .6
1 * 9 .7

9 .3

1 5 0 .6

7 .5

5 .2

* .7

* .3

* .8

5 .0

* .*

* .1

3 .7

3 .6

2 .9

* .6

* .7

* .2

3 .9

3 .5

3 .*

2 .8

3 .2

2 .8

2 .*

2 .2

1 .5

3 .1

2 .*

1 5 1 .«
1 5 1 .5
1 5 2 .0
8 . 2 \
-* .6

- 2 .3

1 5 3 .0

-1 6 .0

1 5 0 .« __
/o

1 5 2 .*

1 .0

1 .8

1 .1

2 .3

1 .1

1 .8

1 .2

-1 .0

7 .4

1 . 6 \

2 .2

1 .1

1 .7

1 .3

-0 .4

5 .4

1 .6

1 .6

0 .9

- 0 .2

0 .1

- 0 .5

- 2 .2

1 .6

-2 .1

-3 .9

-9 .0

1 3 .5 \

152*6
1 5 2 .o

* .7

3 .7

3 .7

9 -7 9

* .7

3 .8

3 .9

3 .*

3 .0

2 .7

2 .5

1 .9

1 .*

0 .*

0 .6

0 .3

- 0 .9

2 .4

-0 .2

-0 .«

- 1 .9

5 .7

1 5 2 .3P

1 0 -7 9

* .6

3 .7

3 .7

3 .3

2 .9

2 .6

2 .*

1 .9

1 .*

0 .6

0 .9

0 .5

-0 .6

2 .3

0 .2

- 0 .2

-0 .8

3 .6

1 5 * . 5P

3 -7 8

* -7 6

5 -7 6

6 -7 6

7 -7 6

6 -7 6

9 — "1 6 -7 8 11=76 1 2 -7 6 T = 7 *
76

2 -7 9

5 -7 9

4 -7 9

5 -7 9

6 - 7 ^ "7= 79

« -7 9

1 5 1 .6

9 -7 9

INITIAL MklH
"P- PktLlHlNARY---------------------------------------------------------------------------—




— -----

PREPARED BY FtOCRAL RESfcRVE B M UF S I. L001T
AK
NOVEMBER 15*

7

1979

PERSONAL
RATIO

SCALE

T R I L L I ONS

OF

INCOME

MONTHLY TOTALS AT ANNUAL

DOLLARS

RATE S

RATIO
TRILLIONS

SE AS ON A L L Y ADJUSTED

OF

SCALE

DOLLARS

0.

SOURCE: U .S . DEPARTMENT OF COMMERCE
PERCENTAGES ARE ANNUAL RATES OF CHANGE FOR PERIOOS INDICATED.
LATEST DATA PLOTTEDt OCTOBER PRELIMINARY
PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

PERSONAL INCOME
COMPOUNDED ANNUAL RATES OP CHANGE
B IL L IO N S OF
ANNUAL RATES

MONTH
7*
4 -T S
.

_ M 8

T .T A

ft-7 ®

9 -7 ®

1 0 -7 8

1 1 -7 8

1 2 -7 8

1 -7 9

2 -7 9

3 -7 9

4 -7 9

5 -7 9

6 -7 9

7 -7 9

8 -7 9

9 -7 9

1 .6 7 6 . 5

1 7 .3
_____

1 2 .5

-6sZ8___ 12.6__I
___ 14*3. -13
_a=ia_

1 3 .1

1*_6&7*3_ _
_

8 .0

1

H f l___ 12*Z 1

12* 7
1 6 .2 __ l* * ft_

13.4__ 13*8___ 8.1
1 2 .7

1 2 . 7 ____ 2 mA ___ 1 £ U I _

1 3 .8

1 4 .1 _ 12 * 1 __ 1 4 .5
_

10-78___ 13.5

1

11t 78___ 13*6

1

1 4 .0

1 4 .2

1 2 .9 _ 14>S
_

16«?

1.4*6

12-78___ 14*J__ 1

14.6

14.9

14.0

17.1

16.5

1 3 *3

1 3 .4

1 2 .4 _ 1 3 .3 __ L k a fl__ 12*5__ 11.»
_

1-79___ 1 3 .2

1

13.S

1 8 .4

l «7gU 0
lt f l Q U 4

18.3

1 .6 2 6 . 8

-2=28___ 13*1__ 1

1 3 .2

1 3 .2

1 2 .3

13. 5

1 2 .3

l l . é ___ B .4

11.8

-3-79___ 13.2

1

1 3 .3

ta . 3

12-6_ 13.2 __ 13.6
_

12.7

12.2__ 10.3

13.0

14.3

-4-79___ 12.6

1

1 2 .6

1 2 .6

1 1 . • _ 1 2 .2
_

1 2 .5

1 1 .5

1 0 . 9 ___ ft* l_ 1 0 ,5
_

9.9

-.5-79___ 12*2__1

1 2 .1

1 2 .1

1 1 .3 __ 1 1 . 7

1 1 . â__ 10.9

-6.-79___ 11*3-1

1 1 .9

il. â

ll. l

11 .4

1 1 . 5 __ 10*4— 10.1

-1-79___ 12.4

1 2 .4

1 2 .3

1 1 .7

1 2 .1 __ 12.2

1

- B-79___ 12*1__ 1

1 3 -0

_12*1__ 12*11 11.5__ 1 1 .7

1 1 .8

1 .8 5 1 .4

1 .8 7 2 .1

10.3___ ft*!___ 9*X___ 9.0
_a*a___ a * 5 _

9.0

1 > 90 5.1

11.6

1 1 *2

__ lû*2__ 1 1 .1

1 0 .9 _ 10*1__ 11.6
_

13.9__ 19.2

11*2

1 0 .8

9 .9 _ 1 0 .7
_

1 0 .5 ___ ______ 10.B

12.0

1 0 .6 ___ 9 . 7

13.^

-g-79___ 11.9

1

11.A

11.8__ 1 1 .2

1 1 .5

1 1 .5

1 0 .9

1 0 .3

1 0 .1 ____2*5__ 10.2

11.0__ 11.7- 8*1
-

11.8

1

1 1*8 ___1 1 *7 ___1 1 .2

1 1 .4

1 1 .5

1 0 .9 ___1 0 .6

9 .8

1 0 .4

1 0 .2

9 .6

1 0 .3

1 0 .9 ___ 1 1*4 ____i * D --- 9 * 3 - 1 0 .6 ^ ___ 1 >975*1
- **6

3-78

4 -7

5 -7 8

8 -7 B

9 -7 8 10-78 11-78 12-78

1-79

2-79

3-79

4 -7 9

5 -7 9

-10-79

6—
78

7-7 8

6-79

7-79

1 .9 5 8 .6

8-79

9 -7 9

I N I T I A L MONTH
P - P R E L IM IN A R Y




PREPA RED B Y FE D E R A L R E S E R V E
NOVEMBER 20* 1979

8

BANK OF S T .

L O U IS

RETAIL
RATIO

SALES
RATIO

SCALE

B I L L IONS

OF

DOLLARS

SEA SO N A LLY

A D JU S T E D

BILLIONS

OF

SCALE

DOLLARS

80

80
75

^ ty

70

-^75.5 70

/

65

/ /

65

+2I* /
1.

60

60

A
55

75

55

y

50

50

5
+.JZ^
s

' r^ A - /

45

45

/

A ,
+2 * A /
1.

40

&

40

A

35

35

1
ÌT

1971

1972

% âcr. '/*
\ . JL
L

(if.
 'SS
........ J It
.

Ft

r
30 1

1973

1974

1975

1976

1977

1978

30

1979

. SOURCE: U .S . DEPARTMENT OF COMMERCE
PERCENTAGES ARE ANNUAL RATES OF CHANGE FOR PERIODS INOICATED.
LATEST DATA PLOTTED» SEPTEMBER, OCTOBER ADVANCE ESTIMATE
ANK OF ST. LOUIS

R E T A IL S A LES

TEBHINAL

I N I T I A L MOUTH

HONTH

4 rJ8

W fl

8
W f t _7-7

8-7S 9-78 10r7ftll-78 IZ-.Tß... .L=M -.JE-79 3-7 4-79 5
9
r79 6-7 7-79 8-79 9r7
9
9

M ILLIO N S Q£
DOLLARS
$ 2 .1 4 0
i£ . > 2 2

_12u*3___ l i f t .

-

.

7 — 8 ___ 10 #4___ 6 «8___________
7
6 7 .3 0 3

? - I fl___ 1 2 .9

1 1 .2

12 «2

1 3 .5

1 8 .1

14*9

13.1
1 1 -7 8

14 »6

6 8 .9 7 1

1 3 ,3

1 4 .7

15*9

18*9

1 8 .1

19*7

22*7

13«6

llr lf t ___ 14«?

14*5

l?*fe

17 «9

17«0

m .

tfl*2__ 13«8

. A * ft

8*9

8*9

10*9

U *Z

11.4

12 «8

5*X

2_*3___8*2_

11^

12*3_ 1 2 ^ __ 12*2_ 13_*2_ 12*2_ 12*1 __ 12*4
_
_
_
_

4-78

10*6

11*0

10*3

i>-7b

6-78

7-78

8-78

9*9

9 *4

1 1 .4
8 *3

1 2 -7

1*1

9-78 10-78 11-78 12-78
IN IT IA L

1 3 -9

1 3 -5

8 *7

9 .3

8 *2

1-79

1 1 -1

2-79

3 -7 9

I V iì ìH

3 . 9 ___ 5 * 9
17*0

11*1_ 10*8 - 10*2___ 8.9
_

1 0*^

3—7b

_20j.L08-_
_

2 7* 7

4 8 -5 "

19*1 __ 21*5__ 30*5__ 42*2— ZtuZl
1 1 .8 ___ 12*2

16*0__ IÆ42___ 5*4

4-79

6-79

5-7 9

7-79

8-79

= 1 8 *4}

9-7 9

NONTH

H - PRELIM INARY
6 ST I HAT ED




PR EPA R ED BY FED ERA L R E S E R V E BANK OF S T .
NOVEMBER 1 4 . 1979

9

L O U IS

HOURLY CO HPfcNSATIUN, P R IV A T E B U S IN E S S SECTOR *
COMPOUNOEO ANNUAL R ATES Of CHANGE___________
ftK M IN A L
QUARTER

I N I T I A L QUARTER
4-74

1-75

¿-75

1— 75

9.9

3 — 75

8*5

7.2

8.6

7.7

8.9

2-76

8.9

b.5

8.4

9.4

2-76

3-76

4-76

1-77

¿-77

1 *67 J-L lOO
3-77

*-77

1-78

2-78

3-7b

4 - 7b

1-79

¿-79

9.7

7.2

1-76

1-76

5.7

‘- T *
»

4-75

11.1

2 — 7t

3—75

1~ \ 7 . 2 %
b.7

* *fL
1 * 5 .3

6*6

8.6

8.6

8.3

b*2_

6.2

8.6

8.5

8.1

7.9

7.8

7.2

6.1

3-77

Ö.6

b. 3

8.3

8.6

8.6

8.2

8.1

8 .0

7.7

7.5

8 .8 ^ " V

4-77

8.3

6.1

o.O

8.3

8.2

7.9

7.8

7.6

7.3

7.0

7.4

6.1

\

_l-?b

8.5

8.3

8.3

8.6

8.5

8.3

8*2

6.2

8.0

7.9

8.6

8.4

1 0 . 9 ^ \

8^3

8.5

8.5

8.2

8.2

8.1

8.0

7.9

8.4

8.3

9.4

8.5

9.3

2 — 7jö

¿ 1 0 .0

ft ft%
* \ 0 . 0 /o

¿IV.3
¿lb.5
¿¿4.2
¿¿b.5

3-7 o

8.5

b.4

6.3

8.6

8.5

8.3

6.3

8.3

8.2

8.1

8.6

4—7b

8.5

8.4

b.3

8.6

8.5

8.4

8.3

8.3

8.2

b *2

8.5

6.5

9.1

8.5

8.9

8.5

I— 7v

8.7

_ b. 5

b.5

b.7

b.7

8.6

8.6

8.6

8.5

8 .6

6.9

b.V

9.5

9.2

9.6

9.8

11.2

244.6

2-7V

6.7

8.6

6.6

8.8

8.8

8.6

8.6

8.6

8.6

8.6

9.0

9.0

9.5

9.2

9.5

9.6

10.2

250.3

3-7V

8.7

tt.6

8 . 6 __ l b « 8 I

8.7

8.6

8.6

8.6

8.6

8.6

8.9

b.9

9.3

9*1

9.3

9.3

9.6

8.8

4-74

1-75

4-75

1-76

2-T6

3-76

4— 76

1 -7 7

2 -7 7

3 -7 7

4 -7 7

1 -7 8

2 -7 8

3 -7 8

4 -7 8

1 -7 9

J

2-75

3 — T5

8.6

¿33.6
23b .4

8.4^

255.4P

2 -7 9

VA #
à '

• H E V lS tO FRO M _1977.
p- PRÉ l i m i n a r y

OUTPUT PER HOUR O f A L L PERSONS» PR IV A TE BUSIN ESS SECTOR*
____________ CUWPOUNOEO ANNUAL RATES OF C H A N G E ___________
TERMINAL_________ ______________ ____________________________________ I N I T I A L QUARTER____________________________________________________________ 196 7 » lO O
QUARTER
1 -7 7
1 -7 9 2 -7 9
2 -7 7
3 -7 7 4 -7 7
1 -7 8
2 -7 8
3 -7 8 4 - 7 8
3 -7 6 4 -7 6
4 -7 4
2 -7 5
3 -7 5 4 -7 5
1 -7 6 2 -7 6
1 -7 5
1 0 V .3

1 -7 5

1 .1

2 -7 5

6 .3

1 1 .8

3 -7 5

6 .7

9 .5

4 -7 5

4 .3

5 .4

2 .3

1 V
1
-2 .4

1 -7 6

5 .0

5 .9

4 .1

2 .5

2 -7 6

4 .4

5 .0

3 .4

2 .1

1 1 2 .4
,> 1

H 4 -*
1 1 3 .7
1 1 5 .8
4 .4

1 1 6 .2

1 .4

1 1 6 .7

3—76

4 .0

4 .5

3 .0

2 .0

1 .6

1 .7

4 -7 6

3 .7

4 .1

2 .8

2 .0

3 .1

1 .6

1 .7

1 .7

1 -7 7

3 .8

4 .1

3 .1

2 .4

3 .4

2 .3

2 .6

3*1

1 1 7 .2
4 .5 \ K 4 %

11b .5
1 1 7 .9

2 -7 7

3 .2

3 .4

2 .4

1 .7

1 .4

1 .5

1 .4

1 .2

___3^77 ___

3 .4

3 .6

2 .7

2 .2

2 .1

2 .2

2 .3

2 .5

1 .5

5 .2

4—
77

2 .9

3 .1

2 .2

1 .7

1 .5

1 .5

1 .4

1*4

0 .3

1 .5

-2 .0

1 .8

1 .1

1 .1

1 .0

0 .8

— .l
O

0 .6

-1 .7

1 -7 8

2 .4

-2 .0 s

1 1 9 .4
llb .b
llb . 4

-1 .3

2 .6

2 .7

2 -7 8

2 .5

2 .7

1 .9

1 .4

1 .8

1 .2

1 .2

1 .1

1 .0

0 .3

0 .9

— .4
0

0 .3

3 —7b

2 .5

2 .6

2 .0

1 .5

1 .9

1 .3

1 .3

1 .3

1*2

0 .7

1 .2

0 .3

1 .0

2 .2

2 .* ^ \

1*2

1 .2

1 .2

1 .1

0 .6

1 .1

0 .3

0 .8

1 .6

1 .3

1 .5

f l.4 I
1
____
1 .1

1 .8
1 .4

0 .9

0 .8

0 .7

0 .6

0 .2

0 .5

-0 .3

0 .1

0 .4

-0 .1

-1 .3

- 3 .0

1 .3

0 .9

1 .1

0 .6

0 .6

0 .5

0 .3

- 0 .1

0 .1

-0 .6

-0 .3

-O .l

- 0 .7

-1 .7

-2 .7

- 2

4 -7 b
1 -7 9

2 .4
_

2 .5
_

1 .9

1 .8

1 .4

1 1 9 .0
1 1 9 .7

0 .3 V
'—
I

1 1 9 .6

^

lib .9

2 -7 9

1 .6

1 .9

3 -7 9

1 .7

1 .8

0 .8

1*1

0 .6

0 .6

0*5

0 .3

-O .l

0 .2

- 0 .5

- 0 .2

-0 .1

-0 .5

-1 .2

-1 .7

- 1 .0

4 -7 4

1 -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 8

1 -7 9

. i \
0 . 3 s)

lib . 2
llb . 3 P

2 -7 9

I N I T I A L QUARTER
♦ R EV ISED FROM 1 9 7 7 .
P - P R E L IM IN A R Y




PR E P A R E D » V F E D E R A L R E S E R V E bANK O F S I .
NOVEMBER I » 1979

10

L O U IS

PRODUCTIVITY, COMPENSATION, AND LABOR C O S T S *
RATIO

SCALE

RATIO

1967-100

SEA SO N ALLY

1971

1972

1973

1974

A D JU S T E D

1975

SCALE
1967-100

1976

1977

1978

1979

S U C t U.S. D P R M N O L B R
O R E
EAT E T F AO
P R E T C S A E A N A R T S O C A G F R P R D IN IC T D
E CN A E
R
N UL A E
F HN E O
E IO S
D A E .
L T S D T P O T D 3 D O A T R P E IM A Y
A ET AA L T E » R
U RE
R L IN R
P E A E B F O R l R S R E B N O ST L U
RP RD Y E E A EE V
A K F
. O IS

UNIT LABOR COSTS» PRIVATE BU SIN ESS SECTOR*
___________________ COHPOUNOEO ANNUAL RATES O f CHANCE_____________________
TERMINAL_____________________________________________________________ I N I T I A L QUARTER____________________________________________________________ 1 967 » 100
Q U A R tlR
4 -7 4
1—
75 2 -7 5
4 -7 5
1—76 2 - 7 6
4 -7 7
3 -7 5
3 -7 6 4 - 7 6
1 -7 7 2 -7 7 3 -7 7
1 -7 0
2 -7 8
3 -7 0
4 -7 0
1 -7 9 4 -7 9
1 -7 5

9 *4

2—
75

3*2

- 2 . 7 V

3 -7 5

1*6

- 2 .1

4 -7 5

4*0

2 .2

4*8

7 .0

\

A.

1 6 4 .3

1 /O

160. ^
1 5 * .6

I*—

i
r
1 1 .5

1 6 4 .0

1 -7 6

2 .4

2 -7 6

4*3

3 .4

4 .9

7 .2

5 .1

3 -7 6

4*6

3 .6

5 .2

7 .0

5 .5

6 .9

6 . 3 \

4 -7 6

5*0

4 .4

5 .6

7 .1

6 .0

7 .1

6 .9

7 .5

1 -7 7

4*8

4 .2

5 .2

6 .4

5 .4

6 .1

5 .7

5 .3

2 -7 7

5 .2

4 .7

5 .6

6 .7

5 .9

6 .6

6 .4

6 .4

5 .8

6 .5

1 7 6 .0

3 -7 7

5*0

4 .5

5 .4

6 .3

5 .5

6 .0

5 .7

5 .6

4 .9

5 .8

1 0 0 .4

4 -7 7

5 .2

4 .9

5 .7

6 .5

5 .9

6 .3

6« 1

6 .1

5 .8

6 .6

5 .7

1 -7 «

5 .8

5 .5

6 .3

7 .1

6 .6

7 .1

7 .1

7 .2

7 .1

8 .1

0 .0

1 0 .5

2 -7 8

5*8

5 .5

6 .2

7 .0

6 .»

7 .0

6 .9

7 .0

6 .9

7 .6

7 .4

0*9

9 .2

5 .0

3 -7 8

5*9

5 .6

6 .3

6 .9

6 .5

6 .9

6 .9

6 .9

6 .9

7 .5

7 .3

0 .3

0 .4

6 .2

4 -7 6
_

3 .7

4 .1

6*0

5*8

6 .4

7 .0

6 .7

7 .0

7 .0

7 .1

7 .0

7 .6

7 .4

0*3

8 .3

6 .0

7 .3

1 -7 9

6 .5

6 .3

6 .9

7 .5

7 .3

7 .6

7 .7

7 .8

7 .0

8 .4

0 .4

9 .3

9 .5

0 .7

9 .7

1 1 .3

1 4 .6 \ 1 1 . 5 %

¿ U d .V

2 -7 9

6*8

6 .6

7 .2

7 .«

7 .6

6 .0

a .o

8 .1

8 .2

8 .8

0 .8

9 .6

9 .9

9 .3

1 0*2

1 1 .4

1 3 .2

¿ 1 1 .7

3 -7 9

6 .6

6 .7

7 .3

7*9

7 .6

8 .0

8 .0

8 .2

8 .2

8 .7

8 .0

9 .5

9 .7

9 .2

9 .0

1 0 .7

1 1 .5

1 0 .1

4^T4~ 1 -7 5

2 -7 5

4 —75

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 0

2 -7 0

3 -7 0

4—
70

1 -7 9

« U V I S t O fRQ H 1 9 T 7 .
P— P R E L IM IN A R Y




_ _

1 6 5 .1

___

1 6 4 .1
1 7 0 .?
1 7 3 .0
3 .3

\7 J0 %

1 7 5 .2

1 0 3 .0
12

lO V .H

1 M .1
195. c
0 .0 s

1 9 9 .0

0 . 4 sv

¿ 1 6 . OF

2 -7 9

I N I T I A L QUARTER
__ _____________________

PREPARED BY FEDERAL R ESER V E BANK O f S T * L O U IS
NOVEMBER 1» 1979

11

GROSS NATIONAL PROOUCT IN CURRENT DOLLARS
COMPOUNDED ANNUAL R A T ES OF CHANGE
TERM IN A L

B lL L t O N S OF
DOLLARS
ANNUAL R A T E S

INITIAL QUARTER

QUARTER
4-74
1-75
2-75

1-75

2-75

3—
73

4-75

1-76

2-76

3-76

4-76

1-77

2-77

3-77

4-77

1-78

2-78

3-78

4-78

1-79

2-79

0*6
6*5

1 t A_34_._7

1 2 .6

1 ,4 9 8 .6

"INITIAL"ffUARTCft

GROSS NATIONAL PROOUCT IN 1972 DOLLARS
COMPOUNDED ANNUAL RATES OF CHANGE

B IL L IO N S OF
TERMINAL_____________________________________________________________ I N I T I A L Q U A RTER_______ ______ ___________________________________________ DOLLARS
ANNUAL RATES
QUARTER
1-78 2-78 3-78 4-78 1-79 2-79
1-77 2-77 3-77 4-77
4-7 4 1-75 2-75 3-75 4-75
1-76 2-76 3-76 4-76
1-75

-9 .0

2-75

-1 .6

1•171.6

6 .4
1 0 .5

..

__
_

1 .1 8 9 .9

3-75

2 .3

8 .4

4-75

2 .4

6 .5

6 .5

2 .6
6 .6

1-76

4 .0

7 .5

7 .9

2-76

3 .7

6 .5

6 .5

3-76

3 .6

5 .9

5 .8

4 .7

1 .2 2 7 .9
I f 259..5

10 .7

1.^
5 .4

1*267.4

2*8

1 .2 7 7 .1

3 .1

1.2 8 8 .1

4-76

3 .6

5 .6

5 .4

4 .4

4 .9

3 .0

3 .3

3 .5

1-77

4 .2

6 .0

5 .9

3*2

5 .7

4 .5

5 .1

6 .1

8 .8

2-77

4 .2

5 .8

5 .8

5 .1

5 .5

4 .5

5 .0

5 .7

6 .8

1 .3 1 5 .7

_ A X0
7

J "

1*331.2
1 .3 5 3 .9

3-77

4 .5

6 .0

5 .9

$•3

5 .7

4 .9

5 .4

6 .0

6 .9

5 .9

4 -7 7

4 .3

5 .6

5 .5

5#0

5 .3

4 .5

4 .9

5 .2

5 .7

4 .6

4 .6

2.2

1-78

4 .1

5 .3

5 .2

4 .7

4 .9

4 .2

4 .5

4 .7

4 .9

4 .0

3 .7

2.1

1.9

2-78

4 .4

5 .5

5 .4

5 .2

4 .7

4 .9

5 .2

5 .5

4 .8

4 .8

4 .1

5 .0

8 .3

3-78

4 .3

5 .4

5 .3

4 .9

5.1

4 .5

4 .8

5 .0

5 .2

4 .6

4 .5

3 .9

4 .5

5 .9

3 .5

4-78

4 .4

5 .4

5 .3

4 .9

5 .1

4 .6

4 .8

5 .0

5 .2

4 .7

4 .7

4 .3

4 .8

5 .8

4 .6

5>

1-79

4 .2

5 .1

5 .0

4 .7

4 .8

4 .3

4 .5

4 .6

4 .8

4 .3

4 .2

3*7

4 .1

4 .6

3 .4

3 .3

i. i

2-79

3 .9

4 .7

4 .6

4 .2

4 .3

3 .8

3*9

4 .0

4 .0

3 .5

3 .4

2.9

3 .0

3 .2

1 .9

1 .4

- 0 .6

- 2 .3

3-79

3 .8

4 .6

4 .5

4 .1

4 .2

3 .8

3 .9

3 .9

4 .0

3 .5

3 .4

2 .9

3.0

3.2

2.2

1 .9

0 .7

0*5

4-74

1-75

2-75

3-75

4-75

1-76

2-76

2PTT 3-77

4-77

1-7*

2-78

3-78

4-74

1-79




1-77

1 .3 6 1 .3
1*367.8
1*395.2
1 .4 0 7 .3

\

.

1*426.6

..

\

1*430.6

¡0 .7 %

1*422.3
\

1*434.4

z-rv

ffcttlAl QUARTER

Ht6»ARteb~>V HfcOfeRAL RfcSEftVE 8 A W OF ST» t o u U
NOVEMBER 20» 1979

12

GROSS
R A T 10 S C A L E
T R I L L I O N S OF

2
2

NATIONAL

PRODUCT

Q U A R T E R L Y T O T A L S AT ANNUAL R A T E S
RATIO SCALE
DOLLARS
SEASONALLY ADJUSTED
T R I L L I O N S OF D O L L A R S
.5
. 4
. 3
. 2

2

I

.

2

0
.9
. 8

.7
. 6

.5

. 4
9

. 8

.7
. 6

.5
%

1. 4

I .3

1 . 0

0.9

0 .

1971

1972

1973

1974

1975

1976
1977
1978
1979
SOURCE: U.S. DEPARTMENT OF COMMERCE
PERCENTAGES ARE ANNUAL RATES OF CHANGE FOR PERIODS INDICATED.
LATEST DATA PLOTTED*. 3RD QUARTER




PREPARED BY FEDERAL RESERVE BANK OF S T . LOUIS

13

GENERAL
RATIO

PRICE

INDEX*

SCALE

RATIO

1972-100

SCALE

1972-100

90 I— I---- ------LJ------ LI------U ----- ------- ------U ----------- L1971
1972
1973
1974
1975
1976
1977
1978
1979
*A$ USED

IN NATIONAL

INCOME ACCOUNTS

SOURCE:

PERCENTAGES ARE ANNUAL RATES OF CHANGE FOR PE R IO D S
LATEST DATA PLOTTED«

U .S .

DEPARTMENT OF COMMERCE

IN D IC A T ED .

3RD QUARTER
PREPARED BY FEDERAL R E SE R V E BANK OF S T .

L O U IS

IM P L IC IT PR IC E DEFLATOR FOR GROSS NATIONAL PRODUCT
COMPOUNDED ANNUAL RATES OF CHANCE
_____
TERMINAL_________ _______ ____ _______________________________________ I N I T I A L QUARTER____________________________________________________________1972 « 100
QUARTER
4 -7 4
3 -7 5
4 -7 5
1 -7 6 2 - 7 6
3 -7 6 4 - 7 6
1 -7 7
2 -7 7
4 -7 7
1 - 7 8 2 -7 8
3 -7 8 4 - 7 8
1 -7 9 2 -7 9
2 -7 5
3 -7 7
1 -7 5
1 -7 5

1 2 4 .1 6

10*6

2 -7 3

8*2

5*9

3 -7 3

7 .9

6« ©

7 .3

4 -7 5

7 .5

6 .5

6 .8

1 2 5 .9 5

--------

1 2 8 .1 9
6 .2

1 3 0 .1 4
1 3 1 .3 0

1 -7 6

6 .7

5 .8

5 .7

4 .9

3 .6

2 -7 6

6 .4

3 .5

5 .4

4*8

4 *1

4 .6

3 -7 6

6 .1

5 .4

5 .3

4 .8

4 .3

4 .7

4 .8

4 -7 6

6 .1

5 .5

5 .4

5 .1

4 .8

5 .2

5 .4

1 3 2 .7 9
1 3 4 .3 5
136*34

6 .1

138*34

1 -7 7

6 .1

5 .6

5 .5

5*2

5 .0

5 .4

5 .6

6 .0

6*0

2 -7 7

6 .3

5 .8

5 .8

5 .6

5 .5

5 .8

6 .1

6 .6

6 .8

T .7

3 -7 7

6 .1

3 .7

5 .7

5 .5

5 .4

5 .7

5 .9

6 .1

6 .2

6 .2

4 .8

4 -7 7

6 .2

5 .7

5 .6

5 .5

5*8

6 .0

6 .2

6 .2

6 .3

5 .4

4 .4

5 .B

140*93
142*59
1 4 4 .8 2

1—
78

6 .2

5 .8

5 .8

5 .6

5 .4

5 .8

6 .0

6 .2

6 .2

6 .3

5 .8

6 .4

-

1 4 7 .0 5

2 -7 8

6 .5

6 .2

6 .2

6 .1

6 .1

6 .4

6 .6

6 .8

7 .0

7 .2

7 .0

7 .8

8 .5

1 5 0 .8 2

3 -7 8

6 .5

6 .2

6 .3

6 .2

6 .2

6 .4

6 .6

6 .9

7 .0

7 .2

7 .0

7 .6

8 .0

Q

8 .9

7 .2

.5 %

1 5 3 .4 5

4 -7 8

6 .7

6 .4

6 .4

6 .4

6 .4

6 .6

6 .8

7 .1

7 .2

7 .4

7 .3

7 .8

8 .2

8 .8

7 .9

8 .7

1 -7 9

6 .8

6 .6

6 .6

6 .6

6 .6

6 .9

7 .1

7 .3

7 .4

7*6

7 .6

8 .1

8 .4

9 .0

8 .4

9 .0

9 .3 >
^

\

1 6 0 .2 2

2 -7 9

7 .0

6 .7

6 .8

6 .8

6 .B

7 .0

7 .2

7 .5

7 .6

7 .8

7 .8

8 .3

8 .6

9 .0

8 .6

9 .1

9 .3

9 .3

163*81

3 -7 9

7 .0

6 .8

6 .9

6 .8

6 .9

7 .1

7 .3

7 .5

7 .7

7 .8

7 .8

8 .2

8 .5

8 .8

8 .5

8 .8

8 .9

8 .6

4 -7 4

1 -9 *

5 -9 R

* -7 *




Ì.N

I.9JL

— z = v z ----r _ T l

I.W — CTST

1 5 6 .6 8

X

4 -^ a

8 .0

|

166*99

" T -7 9 " 2 - 7 «

T R im r o u s im r

*A £*A A ED B Y ¿E O E R A L R E S E R V E BANK OF S T * L O U IS
NOVEMBER 20» 1979

14

TERMINAL
QUARTER

____

1
V
*
!

4 -7 4

1 -7 5

2 -7 5

3 -7 5

4 -7 5

PERSONAL CONSUMPTION EXPENDITURES IN CURRENT DOLLARS
COMPOUNDED ANNUAL RATES OF CHANCE
-----------------------------------------------------------------I N I T I A L QUARTER
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— 8
7

2 -7 8

3 -7 8

4 -7 8

1 -7 9

B IL L IO N S OF
_ DOLLARS
ANNUAL RATES
2 -7 9
9 3 5 .7

8 .8

2 -7 5

1 0 .9

1 3 .1

3 -7 5

1 1 .5

1 2 .8

4 -7 5

1 1 .5

1 2 .4

1 2 .1

1 -7 6

1 1 .8

1 2 .6

1 2 .5

1 2 .4

1 3 .2

2 -7 6

1 1 .2

1 1 .6

1 1 .3

10*8

1 0 .5

7 .8

3 -7 6

1 1 .0

1 1 .4

1 1 .1

1 0 .7

1 0 .4

9 .1

1 0 .4

9 9 4 .0

1 2 .6

1 * 0 2 1 .6

11*6

1 ,0 5 3 . 8
1 * 0 7 3 .7
_ 1 * 1 0 0 .5

4 -7 6

1 1 .2

1 1 .5

1 1 .2

1 1 .0

1 0 .8

1 0 .0

1 1 .2

1 2 .0

1 -7 7

1 1 .4

1 1 .8

1 1 .6

1 1 .4

1 1 .4

1 0 .9

1 2 .0

1 2 .9

1 3 .8

2 -7 7

1 1 .0

1 1 .3

1 1 .1

1 0 .9

1 0 .7

1 0 .2

1 0 .9

1 1 .1

1 0 .6

7 .5

3 -7 7

1 1 .0

11*2

1 1 .0

1 0 .8

1 0 .7

1 0 .3

1 0 .8

1 0 .9

1 0 .6

9 .0

1 0 .5

I

» 1 3 2 .0

1 * 1 6 9 .1
1 * 1 9 0 .5
1 * 2 2 0 .6
1 ,2 5 V .7

4 -7 7

1 1 .2

1 1 .4

1 1 .3

1 1 .1

1 1 .0

1 0 .7

1 1 .2

1 1 .4

1 1 .3

10*5

1 2 .0

1 3 .4

1 -7 8

1 1 .0

1 1 .2

1 1 .0

1 0 .9

1 0 .8

1 0 .5

1 0 .9

1 1 .0

1 0 .8

1 0 .1

1 1 .0

1 1 .2

9 .0

2 -7 8

1 1 .3

1 1 .5

1 1 .3

1 1 .2

1 1 .2

1 0 .9

1 1 .3

1 1 .5

1 1 .4

1 0 .9

1 1 .8

1 2 .3

1 1 .7

1 * 2 8 7 .2
1 * 3 3 1 .2

1 4 .4

1 * 3 6 9 .3

3 -7 8

1 1 .3

1 1 .5

1 1 .4

1 1 .3

1 1 .2

1 1 .0

1 1 .4

11*5

1 1 .5

1 1 .1

1 1 .8

1 2 .2

1 1 .8

1 3 .2

11*9

4 -7 8

1 1 .5

1 1 .7

1 1 .6

1 1 .5

1 1 .5

1 1 .3

1 1 .7

1 1 .8

1 1 .8

1 1 .5

1 2 .2

1 2 .6

12 .4

1 3 .5

1 3 .1

1 4 .2

1 -7 9

1 1 .5

1 1 .7

1 1 .6

1 1 .5

1 1 .5

1 1 .3

1 1 .7

1 1 .8

1 1 .8

1 1 .5

1 2 .1

1 2 .4

1 2 .2

1 3 .0

1 2 .5

1 2 .8

2 -7 9

1 1 .2

1 1 .3

1 1 .2

1 1 .1

1 1 .1

1 0 .9

1 1 .2

1 1 .3

1 1 .2

1 0 .9

1 1 .3

1 1 .5

1 1 .1

1 1 .6

1 0 .9

1 0 .5

8 .7

6 .1

3 -7 9

1 1 .4

1 1 .5

1 1 .4

1 1 .3

1 1 .3

1 1 .2

1 1 .5

1 1 .6

1 1 .5

1 1 .3

1 1 .7

1 1 .9

1 1 .7

1 2 .1

1 1 .6

1 1 .6

1 0 .7

1 0 .4

1 4 .8

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 «

4 -7 8

1 -7 9

2 -7 9

1 ,4 1 5 .4
1 * 4 5 4 .2

1 1 .4

1 ,4 7 5 .9
1 * 5 2 7 .7

I N I T I A L QUARTER

PERSONAL CONSUMPTION EXPENDITURES IN 1972 DOLLARS
COMPOUNDED ANNUAL RATES OF CHANCE
T E R M I N A L ________________________________________________ I N I T I A L QUARTER_________________________________
QUARTER
4 -7 7
1 -7 B
1 -7 7 2 -7 7 3 -7 7
2 -7 B
4 -7 4
3 -7 5
4 -7 5
1 -7 6
2 -7 6
3 -7 6 4 - 7 6
2 -7 5
1 -7 5
1 -7 5

4 .6

3—
78

4 -7 8

1 -7 9

2 -7 9

2 .3

2 -7 5

B IL L I O N S OF
POL LARS
ANNUAL RATES

7 7 0 .2

7 .0

7 7 9 .7

3 -7 5

4. 8

6 .0

5 .0

4 -7 5

5 .1

6 .0

5*5

6 .0

1 -7 6

5 .7

6 .6

6 .5

7 .2

8 .4

2 -7 6

5 .4

6 .0

5 .8

6 .0

6 .0

3 .6

3 -7 6

5 .3

5 .8

5 .6

5 .7

5 .6

4 .2

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

8 2 4 .0

4 -7 6

5 .4

5 .8

5 .7

5 .8

5 .7

4 .8

5 .4

1 -7 7

5 .5

5 .9

5 .7

5 .9

5 .8

5 .2

5 .7

6 .3

8 3 6 .4

2 -7 7

5 .1

5 .4

5 .2

5 .3

5 .2

4 .5

4 .7

4 .0

1 .8

3 -7 7

5 .1

5 .4

5 .2

5 .2

5 .1

4 .6

4 .8

4 .4

3 .4

5 .1

4 -7 7

5 .4

5 .7

5 .5

5 .6

5 .5

5 .1

5 .4

5 .3

5 .0

6 .6

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

8 8 0 .9

H 8

5 .0

5 .2

5 .1

5 .1

5 .0

4 .6

4 .7

4 .4

3 .9

4 .7

4 .4

0 .8

2 -7 8

5 .1

5 .3

5 .1

5 .1

5 .1

4 .7

4 .8

4 .6

4 .3

4 .9

4 .8

3 .2

5 .4

3 -7 8

5 .0

5 .2

5 .1

5 .1

5 .0

4 .7

4 .8

4 .6

4 .4

4 .9

4^

3 .7

5 .2

4 -7 8

5 .1

5 .3

5#2

5 .2

5 .2

4 .9

5 .0

4 .9

4 .7

5 .2

5 .2

4 .5

5 .7

5 .8

6 .8

1 -7 9

4 .9

5 .0

4 .9

4 .9

4 .8

4 .5

4 .6

4 .4

4 .2

♦f*

4 .4

3 .7

4 .4

4 .0

3 .7

0 .7

2 -7 9

4 .4

4 .4

4 .4

4 .2

3 .9

4 .0

3 .7

3 .4

3 .6

3 .4

2 .6

2 .9

2 .3

1 .4

-1 .1

-2 .9

3 -7 9

4 .5

^♦6

4 .4

4 .4

3 .8

3 .5

3 .7

3 .5

2 .9

3 .2

2 .8

2 .3

0 .8

0 .9

4 .9

4 -7 4

1 -7 5

2 -7 5

3 -7 5

4— 6
*

1 -7 7

4 - r r _ 1 -T B

2 -7 8

3 -7 8

4 -7 8

1 -7 9

2 -7 9




4 .3
4-

n

4 .0

4 .0

i —»6

2—
>6

3—
76

i- t t

882 . 7
8 9 4 .8
9 0 5 .3

4 .8

9 2 0 .3
'

9 f1 .8 '
9 1 5 .0
9 2 5 .9

I N I T I A L QUARTER

PREPARED BY FEOIRAL RESERVE BANK OF ST* LOUIS
NOVEMBER 20* 1979

15

GROSS P R IV A T E DOMESTIC INVESTMENT I N CURRENT DO LLARS
COHPOUNOED ANNUAL RATE S OF CHANGE

TERMINAL
QUARTER

B IL L IO N S OF
DOLLARS
ANNUAL RATES

I N I T I A L QUARTER
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

1 -7 5
2 -7 5

-3 0 .7
- 2 .3

3 5 .4

-3 .1

2 0 .1

3 5 .4

8 .7

3 1 .4

4 6 .7

2 7 .5

9 .7

2 8 .0

3 8 .1

2 3 .2

4 0 .7

9 .3

2 4 .2

3 1 .2

1 9 .0

2 8 .4

1 1 .0

9 .2

2 1 .7

2 7 .0

1 6 .6

2 3 .0

9 .9

7 .4

1 3 .6

2 5 .6

3 0 .8

2 2 .5

2 9 .0

»
o
M

2 1 .8

2 9 .9

5 6 .5

2 -7 7

1 5 .2

2 6 .2

3 0 .9

2 3 .7

2 9 .4

2 2 .2

2 4 .0

3 0 .3

4 3 .2

3 1 .0

2 2 .3

2 3 .7

2 8 .3

3 6 .0

2 6 .8

2 2 .6

1 9 .1

1 9 .7

2 2 .5

2 6 .4

1 7 .7

1 1 .6

2 -7 9

7 .9

1 -7 7

1 -7 9

7 .0

4 -7 6

4-78

1 5 .2

3 -7 6

3-78

7 2 .0

2 -7 6

2 -7 8

-5 .5

1 -7 6

1 -7 8

9 4 .1

4 -7 5

4 -7 7

- 5 .5

3 -7 5

3 -7 7

- 4 9 .1

177.7
1 7 5 ,2

2 0 6 «8
2CM. 9

3 -7 7

1 5 .9

2 5 .8

2 9 .9

2 3 .6

2 8 .4

4 -7 7

1 4 .6

2 3 .4

2 6 .8

2 0 .9

2 4 .7

233*5
241.9
246*0
250.7
280.4
300.0
315.7
316.9

1 .5

1—
7B

1 4 .5

2 2 .5

2 5 .5

2 0 .1

2 3 .4

1 8 .3

1 8 .8

2 0 .9

2 3 .7

1 6 .6

1 2 .2

7 .3

1 3 .4

2 -7 8

1 5 .9

2 3 .4

2 6 .2

2 1 .4

2 4 .5

2 0 .1

2 0 .7

2 2 .8

2 5 .5

2 0 .0

1 7 .4

1 5 .7

2 3 .6

3 4 .7

3 -7 8

1 5 .1

2 2 .0

2 4 .4

1 9 .9

2 2 .5

1 8 .4

1 8 .8

2 0 .3

2 2 .2

1 7 .3

1 4 .7

1 2 .8

1 6 .9

1 8 .7

4 .5

4 -7 8

1 5 .2

2 1 .6

2 3 .9

1 9 .7

2 2 .0

1 8 .3

1 8 .6

2 0 .0

2 1 .6

1 7 .3

1 5 .1

1 3 .7

1 6 .9

1 8 .1

1 0 .6

1 7 .1

1 -7 9

1 4 .5

2 0 .4

2 2 .4

1 8 .4

2 0 .5

1 7 .0

1 7 .1

1 8 .2

1 9 .4

1 5 .5

1 3 .4

1 1 .9

1 4 .1

1 4 .3

8 .2

1 0 .1

3 .6

2 -7 9

1 5 .1

2 0 .7

2 2 .6

1 8 .9

2 0 .8

1 7 .6

1 7 .8

18*8

2 0 .0

1 6 .5

1 4 .8

1 3 .7

1 5 .9

1 6 .4

1 2 .2

1 4 .9

1 3 .9

2 5 .2

3 -7 9

1 4 .1

1 9 .3

2 1 .0

1 7 .5

1 9 .2

1 6 .1

1 6 .2

1 7 .0

1 7 .8

1 4 .5

1 2 .8

1 1 .7

1 3 .2

1 3 .2

9 .3

1 0 .5

8 .4

1 0 .9

-1 .7

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 *

2 -7 *

3 -7 *

4 —70

1 -7 9

2 -7 9

327.0
352.3
356.2
3 7 0 .5
373.8
395.4
393.7

I N I T I A I ÔUAfcTÊ*

M O S S PRIVATE DOMESTIC INVESTMENT IN 1972 DOLLARS
COMPOUNDED ANNUAL RATES OF CHANCE

4 -7 4
1 -7 5

DOLLARS
ANNUAL RATES

IN IT IA L Q U ART»

TERMINAL
QUARTER
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 8

1 -7 9

2 -7 9
1 3 4 .6

- 6 1 .3

133.3

2 -7 5

- 3 8 .9

-3 .8

3 -7 5

- 1 3 .0

3 0 .4

7 6 .8

1 5 3 .7

4 -7 5

- 1 2 .7

1 4 .4

2 4 .8 - 1 1 .9

1 4 8 .9

1 -7 6

-0 .3

2 6 .2

3 8 .2

2 2 .2

2 -7 6

1 .2

2 2 .7

3 0 .4

1 7 .8

3 6 .2

9 .5

3 -7 6

1 .2

1 8 .8

2 3 .9

1 3 .3

2 3 .3

5 .1

0 .9

4 -7 6

1 .5

1 6 .4

2 0 .2

1 1 .3

1 8 .0

4 .6

2 .2

3.L»

1 -7 7

5 .1

1 9 .1

2 2 .8

1 5 .6

2 2 .0

1 2 .4

1 3 .4

2 0 .2

1 6 9 .9

6 9 .5

1 7 3 .8
1 7 4 .2
175.7
191.0

3 9 .7

1 9 9 .6

2 -7 7

6 .5

1 9 .1

2 2 .4

1 6 .1

2 1 .4

1 3 .8

1 4 .8

1 9 .9

2 9 .1

1 9 .3

3 -7 7

7 .2

1 8 .7

2 1 .5

1 4 .0

2 0 .4

1 4 .0

1 4 .9

1 8 .7

2 4 .2

17*1

1 5 .0

4 -7 7

6 .0

1 6 .1

1 8 .3

1 3 .2

1 4 .8

1 0 .7

1 0 .9

1 3 .0

1 5 .5

8 .5

3 .4

1 -7 0

6 .4

1 5 .8

1 7 .8

1 3 .1

1 4 .3

1 0 .9

1 1 .1

1 2 .9

1 4 .9

9 .4

6 .3

2 .2

1 2 .4

2 -7 B

7 .1

1 5 .8

1 7 .6

1 3 .3

1 4 .2

1 1 .4

1 1 .7

1 3 .3

1 5 .0

1 0 .7

8 .6

6 .6

1 4 .1

1 1 .7

1 4 .1

9 .7

9 .7

1 0 .8

1 1 .9

7 .9

5 .7

3 .5

7 .3

4 .8

— .1
5

1 1 .3

1 3 .4

9 .4

9 .4

1 0 .3

1 1 .2

7 .7

5 .9

4 .1

7 .1

5 .4

0 .6

8 .4

9 .2

9 .9

4 .4

4 .9

3 .4

5 .4

3 .9

0 .2

3 .0

- 0 .4

5 .4

4 .1

4 .1

4 .8

2 .3

4 .8

4 .0

3 .5

2 .1

3 .5

2 .1

-0 .5

0 .7

-1 .2

i- t t ‘ 2 -tt

3— 7
7

4 -7 7

1 -7 8

2 -7 8

3 -7 B

6 .2

1 4 .2

1 5 .7

4— 8
7

6 .2

1 3 .4

1 5 .0

1 -7 9

5 .8

1 2 .7

1 3 .9

1 0 .4

1 2 .3

8 .5

2 -7 9

6 .0

1 2 .5

1 3 .6

1 0 .3

1 2 .0

8 .5

8 .5

9 .2

9 .7

4 .8

3 -7 9

5 .0

1 1 .0

1 2 .0

8 .8

1 0 .4

7 .0

4 .8

7 .3

7 .7

4 .9

4 -7 4

1—
75

2 -7 5

3 -7 5

4 -7 5




2 0 6 .7
2 0 3 .0

-7 .0

2 0 9 .0
2 1 6 .8

1 5 .8

2 1 4 .0
2 1 7 .4

4 .5

2 1 7 .2
2 2 1 .7

8 .5
- 1 .6 -1 0 .7

2 1 5 .5

Ì N t t I A L QUARTER

*t*PA*tt> B Y ¿ E Ò é R A i: R E S E R V E
NOVEMBRE 20» 1979

16

BANK

OF S T .

L O U IS

GOVERNMENT PURCH ASES OF GOODS ANO S E R V IC E S IN CURRENT DO LLARS
COMPOUNDED ANNUAL R ATES OF CHANGE

TERMINAL
QUARTER

I N I T I A L QUARTER______
4 -7 4

1 -7 5

1 -7 5

10*8

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

B I L L I O N S OF
O P L L ARS
ANNUAL R A T E S

_____
2 -7 8

3 -7 8

4 -7 8

1 -7 9

2 -7 9

10* 9

2 -7 5

2 -7 5

____

1 0 .7

3 2 5 .8
3 3 4 .2

3 -7 5

10*5

1 0 .3

4 -7 5

1 0 .7

1 0 .7

1 -7 6

9*4

9 .0

7 .7

3 * 2 .2

1 0 .6

351 •*
>

1 1 .3
4 .2

3 5 5 .1

2 -7 6

8 .2

7 .7

6. 0

3 .4

2 .7

3 -7 6

7 .9

7 .4

5 .9

4 .2

4 .2

5 .6

4 -7 6

8 *0

7 .6

6 .5

5 .3

5 .7

7 .3

9 .0

1 -7 7

8*3

8 .0

7 .2

6 .4

7 .0

8 .5

9 .9

1 0 .9

2 -7 7

8 .8

8 .5

8 .0

7 .5

8 .1

9 .5

1 0 .9

1 1 .8

1 2 .8

3 -7 7

8*8

8 .6

8 .2

7 .7

8 . 4 __ 9 ,5__ 1 0 .5

1 1 .0

1 1 .1

9 .4

4 -7 7

9 .1

9 .0

8 .7

8 .4

9 .0

1 1 .7

1 1 .1

1 2 .9

3 5 7 .5
3 6 2 .4
370 .3

1 0 .1

1 1 .0

1 1 .5

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

1 -7 8

8*9

8 .8

8 .5

8 .2

8 .7

9 .6

1 0 .2

1 0 .5

1 0 .4

9 .6

9 .7

6 .6

2 -7 8

8 .9

8 .8

8 .5

8 .2

8 .7

9 .5

1 0 .0

1 0 .2

1 0 .0

9 .4

9 .4

7 .7

8 .8

3 -7 8

9 .2

9 .0

8 .8

8 .6

9 .0

9 .8

1 0 .3

1 0 .5

1 0 .4

1 0 .0

1 0 .1

9 .2

1 0 .5

4 1 9 .*
4 2 8 .3
4 4 0 .9

4 -7 8

9 .3

9 .2

9 .1

8 .9

9 .3

1 0 .0

1 0 .5

1 0 .7

1 0 .7

1 0 .3

1 0 .5

9 .9

1 1 .1

1 2 .3

1 2 .2

1 -7 9

9 .1

9 .0

8 .8

8 .6

9 .0

9 .6

1 0 .0

1 0 .1

10*0

9 .6

9 .7

9 .1

9 .7

1 0 .0

8 .9

5 .7

2 -7 9

8 .9

8 .8

8 .6

8 .4

i?

1 2 .3

9 .3

9 .6

9 .7

9 .6

9 .2

9 .1

8 .5

8 .9

8 .9

7*8

5 .7

5 .8

3 -7 9

9 .0

8 .9

8 .7

8*5

8 .8

9 .3

9 .6

9 .7

9 .6

9 .2

9 .2

8 .7

9 .0

9 .1

8 *3

7 .0

7 .7

9 .7

4— 4
7

1—
75

3 -7 5

4—15

1 -7 6

¿ -7 6

3— 6
7

4 -? 6

i- r r

2 -7 7

3 -7 7

4 -7 7 “ 1 ^ 5

2 -7 8

3 -7 8

4 -7 8

1 -7 9

2 —79

1 -7 9

^ B IL LIO N S OF
PO LLARS
ANNUAL RATES
2 —79

* 5 3 .8

* 6 0 .1
4 6 6 .6
4 7 7 .5

I N I T I A L QUARTER

GOVERNMENT PURCHASES OF GOOOS AND SER VICES IN 1972 DOLLARS
_____________COMPOUNDED ANNUAL RATES OF CHANGE
TERM DIAL
QUARTER

________________________ I N I T I A L QUARTER
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 8

2 5 9 .3

1 -7 5

1 .6

2 -7 5

2 .6

3 .6

3 -7 5

2 .8

3 .5

3 .4

4 -7 5

2 .9

3 .3

3 .2

2 6 1 .6
2 6 3 .8
2 .9

2 6 5 .7
2 6 4 .7

1 -7 4

2 .0

2 .1

1*6

0 .7

2 -7 6

1*2

l. l

0 .5

-0 .5

- 2 .1

- 2 .7

3 -7 6

1 ,0

0 .9

0 .3

-0 .4

—1 .5

-1 ,5

-0 .3

4 -7 6

0 .8

0 .7

0 .3

-0 .4

-1 .2

- l. l

-0 .2

—1*5

2 6 2 .9
2 6 2 .7
2 6 2 .6

-0 .2

1 -7 7

1*1

1 .0

0 .6

0 .2

- 0 .4

- 0 .1

0 .8

1 .4

2 .9

2 -7 7

1*4

1 .4

1 .1

0 .8

0 .5

0 .9

1 .8

2 .5

3 ,8

4 ,8

3 -7 7

1 .7

1 .7

1 .5

1 .2

1 .0

1 .4

2 .2

2 .9

3 .9

4 .4

4 .1

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

4 -7 7

1 .7

1 .7

1 .5

1 .3

l. l

1 ,5

2 .2

2 .7

3 .4

3 ,5

2 ,9

1 .8

1 -7 8

1 .5

1 .4

1 .3

1 .0

0 .8

1 .1

1 .7

2 .0

2 .5

2 ,3

1 .5

0 ,3

- 1 ,2

2 -7 8

1 .4

1 .4

1 .2

1 .0

0 .8

1 .1

1 .6

1 .9

2 .2

2 ,1

1 .4

0 ,5

- 0 .1

0 ,9

3 -7 8

1 .7

1 .7

1 .5

1 .4

1 .2

1 .5

2 .0

2 .3

2 .6

2 ,6

2 .1

1 ,6

1 ,6

3 ,0

5*1

4 -7 8

1 .7

1 .7

1 .5

1 .4

1 .3

1 .5

2 ,0

2 .2

2 .5

2 ,5

2 .1

1 ,7

1 .7

2 ,6

3 ,5

1 ,9

1 -7 9

1 .5

1 .5

1 .3

1 .2

1 .0

1 .2

1 .6

1*8

2 .0

1 ,9

1 .5

1 ,1

0 ,9

1 ,5

1 ,7

0 ,0

-1 .9

2 -7 9

1 .2

1 .2

1 .0

0 .9

0 .7

0 .9

1 .2

1 .3

1 .5

1 ,3

0 .9

0 .4

0 ,2

0 .5

0 ,4

-1 ,1

-2 .6

- 3 .3

3 -7 9

1 .2

1 .2

1 .0

0 .9

0 .8

0 .9

1 .2

1 .3

1 .5

1 .3

0 .9

0 .6

0 .4

0 .6

0 ,6

-0 .5

-1 .3

—1 .0

1 .3

4 -7 4

Ì-T *

2 -7 5 “ 3—
74

4 -7 5

1—
*6

2— 6 "3k T6
7

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 8

1 -7 0

2 -7 9




2 7 1 .5
270 . 7
_ 27 1* A _
2 7 4 .7
2 7 6 .0
2 7 4 .7
2 7 2 .4

P R E P A R E D BY F E D E R A L R E S E R V E BANK OF S T *
NOVEMBER 2 0 * 1979

17

JT k t*

L O U lS

D IS P O S A B L E PERSONAL INCOME IN CURRENT DOLLARS
COMPOUNDED ANNUAL R ATES Of CHANGE
H R m in a l
QUARTER

M IL L IO N S O f
DOLLARS
ANNUAL R ATES

^ n it ijm - q u a r t er
4-74

1—
75

1 6 ,1

2-75

3-75

4-7 5

30*1

1-76

2— 76

3-76

4-76

1-77

2-77

3-77

4-77

1-76

2-78

3-78

<»-78

1-79

2-79

1T75
2-75

I ,0 2 5 .‘
1 ,0 9 5 .]

3-75

1 1 .2

1 5 .1

4-75

10*8

1 3 .3

1-76

1 0 .6

JL 2 .4

2-76

9 .9

1 1 .1

8 .6

8 .0

__ 1t 1 0 0 . 9 .6

T

1 ,1 2 5 .1
9 .7

L , 1 52 . Î
6*4

I ,1 7 0 .2

3-76

9 .6

1 0 .6

8 .4

8 .0

7 .2

8 .1

4-76

9 .7

10.6

8.8

8.6

8.2

9.2

10.3

1-77

9.6

10.4

8 .9

8.7

8.5

9.2

9.8

9*3

2-77

9.9

10.6

____ 9 . 3

9.3

9.2

9.9

10.5

10*6

12*0

3-77

10.1

10.7

9.7

9.7

9.7

10.3

10.9

11*1

12*0

1 2 .1

4-77

10.2

10.9

9.9

10.0

10.0

10.6

11.1

11*3

12*0

12.0

1 2 .0

1-78

10.2

10.8

10.0

10.0

10.0

10*6

11.0

11*1

11.6

11.5

11.1

10.3

\ , 1 9 3 .]
1 ,222. t
1,250.1
1,286.0
1,323.2
1,361.2
1,395.0

2-78

10.4

10.9

10.2

10.3

10.3

10*8

11*2

11*4

11.8

11*8

11.7

11.5

12*7

3-78

10.5

11.0

10.3

10.4

10.4

10.9

11*2

11*4

11.7

11*7

11.6

11.5

12*0

4-78

10.7

11*2

10.6

10.6

10.7

11.2

11.5

11*7

12*0

12.0

12.0

12.0

12.6

12*5

13.7

1-79

10.8

11.3

10.7

10.8

10.9

11*3

11.7

11*8

12*1

12.2

12.2

12.2

12.7

12*7

13.4

13.0

2-79

10.6

11.1

10.5

10*6

10.7

11.0

11.3

11*4

11*6

11*6

11*5

11*5

11.7

11*4

11.5

10*3

7.7

3-79

10.6

11.0

10.5

10*5

10*6

10.9

11.2

11*3

11*5

11*4

11.3

11*2

11*4

11.1

11*0

10*1

8.7

9.8

4-74

1-75

3-75

4-75

1-76

2-76

3— 76

4-76

1-77

2-77

3-tt

4 - n

1-78

2-78

3-78

4-78

1-79

2-79

1,437.3
11*4

1 ,476.5
1,524.0
1 ,572.2
1,601.7
1,639.4

T fN T fT Ä L - Öü ä r T F r

DISPOSABLE PERSONAL INCOME IN 1972 O OLLARS
COMPOUNDED ANNUAL RATES OP CHANGE

_
BILLIONS OF
T E R M I N A L ____________ ___________________________________________________________ I N I T I A L Q U A R T E R __________________________________________ _________ ___________________ O O L L A R S
ANNUAL RATES
QUARTER
2-79
4-77
4-78
1-79
1-77
3-77
2-78
3-78
1-78
4-76
2-77
2-76
1-76
3-76
3-75
4-75
4-74
1-75
2-75
829.8

1-75

— 2*5

2-75

9*6

23*1

3-75

4*5

8*2

—4*9

4-75

4*4

6*8

-0*5

4*0

1-76

4.6

A

1.4

6*7

5*3

4*2

5.5

1*6

3.6

3*7

2-76

874.1
663.1
871*7
883.1
2*1

887.7
893.4

3-76

3*9

5.0

1.8

3*5

3*3

2*3

2*6

4-76

4*0

5.0

2*2

3*7

3*6

3.1

3*5

4.5

1-77

3.8

4.6

2*2

3*4

3*3

2.8

3*1

3.3

2*1

2-77

4.0

4*8

2*7

3*8

a*e

3*5

3*8

4.2

4*1

903.3
908.0
6*1

921.5
936.3

3-77

4*2

4*9

3*1

4*2

4*2

4*0

4*4

4.8

4*9

6*3

6*6

4-77

4*5

5*1

3*5

4*4

4*5

4*4

4*8

5*2

5.4

6.5

6*7

6*8

1-78

4*3

4.9

3*3

4*2

4.2

4*1

4.4

4*7

4*7

5*4

5*1

4*4

2*0

2-7B

4*3

3*4

4*2

4*2

4*1

4*3

4*6

4*6

5*1

4*8

4*3

3*0

4*9

4*7

4*3

3*4

4*1

4*2

4*2

4*9

5*3

6*4

4*2

4*2

4*2

2*1

6

951.8
956.6
966.1

4*0

976.2

3—78

4*3

4*8

3*5

4*2

4*2

4*1

4*3

4.5

4*5

4-78

4.4

4*9

3*7

4*4

4*4

4.3

4*5

4*7

4*8

5*2

5*0

4*7

1-79

4*2

4*7

3*6

4*2

4*2

4*1

4*3

4*5

4*5

4*8

4*6

4*2

3*7

2-79

3.9

4*3

3*2

3*8

3*6

3*7

3.6

3*9

3*9

4*1

3.8

3*4

2*9

3*0

2*8

2*3

0*3

— 1*4

3-79

3.7

4*1

3*1

3#6

3*5

3*4

3*5

3*6

3*5

3*7

3*4

3*0

2*5

2*6

2*3

1.8

0*3

-0*6

0*2

4 - n

1-7*

Ï-1S

3-t*

4-75

1-76

"¿-?6

3-76

4-f6

1-77

2-77"

3-rr

4-77

1-78

2-78

3-78

4-78

1-79

2-79




996.6
993.0
993.5

INITIAL QUARTER

P R EP A R ED BY F E D E R A L R E S E R V E BANK O f S T *
NOVEMBER 20» 1979

18

L O U IS

CORPORATE P R O F IT S A FT ER TAXES *
COMPOUNDED ANNUAL R A T ES OF CHANCE

TERMINAL

BILLIONS OF
OOLLARS
ANNUA L RATES

I N I T I A L QUARTER

QUARTER
4 - 7 4

1 -7 5

2 —7 5

3 - 7 5

4 - 7 3

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

2 - 7 9

3 - 7 8

5 9 » !

1 - 7 5

- 5 B .2

2 - 7 5

- 2 2 .8

4 2 .8

8 .4

7 4 .6

4 - 7 5

9 * 3

5 0 .5

5 4 .5

1 1 .8

1 -7 6

1 8 .6

5 4 .0

5 7 .9

3 5 .8

6 4 .9

2 -7 6

15 * 8

4 2 .0

4 1 .8

2 3 .7

3 0 .1

6 4 .6

8 0 * 3
9 1 .0

2 .7

9 1 .6
9 2 .9

3 - 7 6

1 4 . 3

3 5 .2

3 3 .7

1 9 .0

2 1 .5

4 .2

5 .8

4 —7 6

12 * 6

2 9 .7

2 7 .7

1 5 .2

1 6 .1

3 .2

3 .5

1 - 7 7

1 4 * 3

2 9 .6

2 7 .8

1 7 .3

1 8 .4

9 .0

1 1 .2

1 4

0

2 8 .3

2 - 7 7

1 4 . B

2 8 .4

2 6 .7

1 7 .6

1 8 .6

1 1 .0

1 3 .2

1 5

8

2 3 .8

9 3 .2

3

9 9 .2
1 0 3 .7

1 9 .4

1 0 7 .2

3 - 7 7

1 4 .7

2 6 .9

2 5 .2

1 7 .2

1 8 .0

1 1 .5

1 3 .4

1 5

4

2 0 .5

1 6 .8

1 4 .2

4 - 7 7

1 3 .7

2 4 .5

2 2 .8

1 5 .4

1 5 .9

1 0 .2

1 1 .5

12

7

1 5 .8

1 1 .9

8 .3

2 .6

1 -7 8

1 2 .2

2 1 .8

2 0 .0

1 3 .3

1 3 .5

8 .3

9 .1

7

1 1 .4

7 .6

3 .9

- 0 .9

- 4 .4

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

2 -7 8

1 5 .7

2 5 .1

2 3 .7

1 7 .7

1 8 .4

1 4 .1

1 5 .6

1 7

1

1 9 .9

1 8 .3

1 B .0

1 9 .3

2 8 .7

7 3 .2

3 - 7 8

1 5 .1

2 3 .8

2 2 .4

16 * 8

1 7 .3

1 3 .4

1 4 .7

15

8

1 8 .0

1 6 .4

1 5 .8

1 6 .2

2 1 .2

3 6 .4

7 .4

4 - 7 8

1 5 .8

2 4 .0

2 2 .7

1 7 .6

1 8 .1

1 4 .6

1 5 .8

1 7

0

1 9 .1

1 7 .9

1 7 .6

1 8 .3

2 2 .6

3 3 .2

1 6 .8

2 7 .1

1 -7 9

1 6 .8

2 4 .5

2 3 .4

1 8 .6

1 9 .2

1 6 .0

1 7 .3

18

5

2 0 .6

1 9 .6

1 9 .7

2 0 .6

2 4 .6

3 3 .1

2 1 .9

2 9 .9

2 -7 9

1 5 .3

2 2 .4

2 1 .2

1 6 .7

1 7 .0

1 4 .0

1 5 .0

1 5

9

1 7 .4

1 6 .3

1 5 .9

1 6 .1

1 8 .6

2 3 .8

1 3 .8

1 6 .0

1 0 .9

- 7 . 4

3 - 7 9

1 5 .9

2 2 .6

2 1 .5

1 7 .3

1 7 .7

1 4 .9

1 5 .9

16

8

1 8 .3

1 7 .3

1 7 .1

1 7 .5

1 9 .7

2 4 * 3

1 6 .3

1 8 .7

1 6 .0

8 .5

2 7 .1

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 8

1 - 7 9

2 - 7 9

*
P -

N A T IO N A L

IN C O M E

1 2 4 .6
1 3 2 .3
1 4 2 .0

3 2 .7

1 3 9 .3
1 4 7 .9 F

B A S IS

W E L I H I M A t Y -----------------------------M Ë fA A Ê ô

èV

NOVEM B »

2 0 »

«

«

R

a

L

A ËSÉ R V É

M

« (

»

S T .

1 9 7 9

SOURCES OF DATA
NATIONAL INCOME AND PRODUCT ACCOUNTS DATA
Source:

1929-72:
1973:
1974:
1975:
1976-78:

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 of Current Business
Supplement.
Survey of Current Business, July 1976.
Survey of Current Business, July 1977.
Survey of Current Business, July 1978.
Survey of Current Business, July 1979.

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

U K ttr~

I N V E N T O R I E S COMPARED W I T H M O N T H L Y
MANUFACTURING AND TRADE

1965

«RATIOS

1966

1967

1968

1969

1970

1971

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
L AT E S T

1972

1973

BASED ON SEASONALLY ADJ USTED DATA.

DATA P L OTT E D:




SEPTE MBE R

PRELI MI NARY
— _

1974

1975

SOURCE:

SALES*

1976

1977

1978

1979

U . S . DEPARTMENT OF COMMERCE

RECESSIONS.

PREPARED

BY FEDERAL

RESERVE

BANK OF ST

L OUI S

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