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nflTionRL
PREPARED

Month Ending:

BY FEDERAL

September 30, 1979

Econom ic
m

RESERVE

BA N K

OF

Released:

m

ST. LOUIS

October 31, 1979

Nominal GNP grew at an 1 percent annual rate from the
1
second to the th ird quarter of th is year, following an 8.6 percent
rate of increase during the f i r s t h a lf of the year. Final sales
(GNP less inventory investment) growth was even stronger,
accelerating to a 13.7 percent rate in the th ird quarter, follow ing
a 7.5 percent rate of increase in the p rio r two quarters. This
acceleration is due, in p art, to the acceleration in money stock
(Ml) growth from a 1.0 percent rate from the th ird quarter of 1978
to the f i r s t quarter of 1979 to an 8.9 percent rate during the past
two quarters.
Third quarter growth of GNP included an 8.4 percent rate of
increase in prices and a 2.4 percent rate of increase in real
output. Real output growth was fa s te r than during the f i r s t h a lf of
th is year when real GNP f e l l at a 0.6 percent ra te . The fa s te r pace
of output growth during the quarter was re fle cte d in most major
components of spending. Real personal consumption expenditures
showed the sharpest gain, ris in g at a 4.4 percent ra te , in sp ite of
a decline in real disposable personal income at a 1.1 percent rate
during the quarter. During the f i r s t two quarters, real consumer
spending declined at a 1.1 percent ra te . Real nonresidential fixed
investment rose at a 3.6 percent rate during the th ird quarter,
following a 1.9 percent rate in the f i r s t two quarters of th is
year. While real re sid e n tia l fixed investment declined at a 4.8
percent rate in the th ird quarter, th is was slower than the 10.7
percent rate of decline registered in the f i r s t two quarters. Real
government purchases of goods and services also rose s lig h t ly in the
th ird quarter, following a decline at a 2.6 percent rate during the
f i r s t two quarters of 1979.
The growth of to ta l c iv ilia n employment also accelerated,
reaching a 3.3 percent rate in the th ird quarter, follow ing a 1.7
percent rate of increase in the f i r s t two quarters of th is year.
Unemployment averaged 5.8 percent of the c iv i li a n labor force during
the th ird quarter, v ir t u a lly unchanged from the 5.7 percent rate
during the f i r s t h a lf.
While the th ird quarter rate of increase of the GNP
d eflato r declined from the 9.3 percent rate of the f i r s t two
quarters, other measures of prices have not slowed appreciably.
Consumer prices rose at a 14.5 percent ra te in September. The rate
of increase of these prices in the th ird quarter was 12.9 percent,
about the same as the rate during the f i r s t two quarters of the
year. Producer p rices of a ll commodities rose at a 20.3 percent
rate in September. The 13.6 percent rate of increase of these
prices in the th ird quarter was l i t t l e changed from the 13.9 percent
rate of the f i r s t two quarters.




TO A CIVILIAN EM YM T
TL
PLO EN
C M U O A N A RATES O C A G
O PQ N EP N U L
F HNE
MONTH"
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

1 -7 9

3 -7 9

2 -7 9

4 -7 9

5 -7 9

6 -7 9

7 -7 9

- - S
~c P
8 -7 9

PfftSÖNS
93*282

3 -7 8

3 .1

4 -7 8

4 .3

5 .6

5 -7 8

4 .0

4 .4

3 .2

6 -7 8

5 .2

6 .0

6 .1

9 .1

7 -7 8

3*6

3*8

3 .2

3 .2

93*704
9 3 ,9 5 3
94* 64 0
-2 .4

9 4 ,4 4 6
9 4 ,7 2 3

8 -7 8

3 .6

3 .7

3 .3

3 .3

0 .5

3 .6

9 -7 8

3 .6

3 .7

3 .4

3 .4

1 .6

3 .6

3 .7

1 0 -7 8

3 .6

3 .6

3 .3

3 .3

1 .9

3 .4

3 .3

3 .0

1 1-78

3 .9

4 .0

3 .8

3 .9

2 .8

4 .2

4 .4

*•8

1 2-78

3 .6

3 .7

3 .5

3 .5

2 .6

3 .6

3 .6

3 .6

3 .9

1 .3

4 .5

3 .5

5 .7

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

6 .6

9 5*855
96* 30 0

1 -7 9

3 .8

3 .9

3 .7

3 .8

3 .0

4 .0

4 .0

4 .1

2 -7 9

3 .9

3 .9

3 .8

3 .8

3 .2

4 .0

4 .1

4 .2

4 .5

3 .8

5 .1

3 -7 9

3 .8

3 .8

3 .7

3 .7

3*1

3 .8

3 .9

3 .9

4 .1

3 .5

4 .2

3 .4

2 .4

1 .9

2 .4

2 .3

2 .1

2 .0

1 .1

1 .0

- 0 .5

-2 .9

- 8 .0

1 .9

2 .4

2 .3

2 .1

1 .9

1 .2

1 .2

0 .1

-1 .4

-3 .2

9 6* 64 7

4 .4

96*842
(

4 -7 9

2 .9

2 .9

2 .6

2 .6

5 -7 9

2 .8

2 .8

2 .6

2 .5

9 6* 17 4

6 -7 9

3 .0

3 .0

2 .8

2 .7

2 .2

2 .7

2 .6

2 .5

2 .4

1 .8

1 .9

1 .1

0 .3

-0 .4

3 .7

7 -7 9

3 .1

3 .1

3 .0

3 .0

2 .5

2 .9

2 .9

2 .8

2 .8

2 .3

2 .4

1 .9

1 .4

1 .1

4 .4

5 .7

5 .8 s

1 .6

1 .1

0 .5

0 .1

2 .3

2 .4

0 .9

96*318

1
7
\ l . 4a °/o
5 .6 ~ V

8 -7 9

2 .7

2 .7

2 .5

2 .5

2 .0

2 .4

2 .3

2 .2

2 .1

1 .6

9 -7 9

3 .0

3 .0

2 .9

2 .8

2 .4

2 .8

2 .7

2 .6

2 .6

2 .2

2 .3

1 .9

1 .5

E3

3 .4

3 .8

3 -7 8

6 -7 5 “

7 -7 8

6—7 8~ 9 - 7 8 1 U K 7 5~ 11 - / 8

12-7«

1 -7 9

2 -7 9

3 -7 9

4 -7 9

5 -7 9

6 -7 9

97*210
96*900

- 3 . V \

3 .2

Z-TB

9 6* 7 5 4

4 -7 B “ 5 - 7 W

97* 51 3
7—
79

IN ITIAIT MONTH
PAYRO LL EMPLOYMENT *
COMPOUNOEO ANNUAL RATES OP CHANGE
TERMINAL
MONTH

I N I T I A L MONTH
2 -7 8

3 -7 8

9 .0

4 -7 8

5 -7 8

6 -7 8

7 -7 8

8 -7 8

9—
78 1 0 -7 8 1 1 -7 8 1 2-78

1 -7 9

2 -7 9

3 -7 9

THOUSANDS
OP PERSONS
4 -7 9

5 -7 9

6 -7 9

7 -7 9

8 -7 9

7 .3

4 -7 8

3 -7 8

8 5*246
1 0 .5

4 5* 96 1

5 -7 8

7 .2

7 .1

3 .8

6 -7 8

6 .7

6 .5

4 .5

5 .2

7 -7 8

5 .6

5 .2

3 .4

3 .2

1 .3

8 -7 8

5 .1

4 .7

3 .2

3 .1

2 .0

2 .7

9 -7 8

4 .7

4 .2

3 .0

2 .8

2 .1

2 .4

2 .1

1 0 -7 8

4 .8

4 .4

3 .4

3 .4

2 .9

3 .4

3*8

5 .5

1 1 -7 8

4 .9

4 .6

3 .8

3 .8

3 .5

4 .0

4 .5

5 .7

5 .9

1 2 -7 8

4 .8

4 .5

3 .8

3 .8

3 .6

4 .1

4 .4

5 .2

5 .0

4 .1

1 -7 9

4 .«

4 .5

3 .9

3 .9

3 .7

4 .1

4 .3

4 .9

4 .7

4 .1

4 .2

2 -7 9

4 .7

4 .4

3 .8

3 .8

3 .7

4 .C

4 .2

4 .7

4 .4

4 .0

3 .9

3 .7

3 -7 9

4 .7

4 .4

3 .9

3 .9

3 .8

4 .1

4 .3

4 .7

4 .5

4 .2

4 .2

4 .2

4 .7

4 -7 9

4 .3

4 .1

3 .6

3 .6

3 .4

3 .6

3 .7

4 .0

3 .7

3 .3

3 .1

2 .8

2 .3

5 -7 9

4 .4

4 .2

3 .7

3 .7

3 .5

3 .8

3 .9

4 .1

3 .9

3 .6

3 .5

3 .3

3 .2

2 .4

5 .0 ^ v

6 -7 9

4.3

4 .1

3 .6

3 .6

3 .5

3 .7

3 .8

4 .0

3.8

3 .5

3 .4

3.3

3 .2

2 .7

4 .0

3 . l V

7 -7 9

4 .1

3 .9

3 .5

3 .5

3 .3

3 .5

3 .6

3 .7

3 .5

3 .2

3*1

2 .9

2 .8

2 .3

3 .1

2 .1

1 .2

8 -7 9

3 .9

3 .7

3 .3

3 .2

3 .1

3 .2

3 .3

3 .4

3 .2

2 .9

2 .7

2 .5

2 .3

1 .8

2 .3

1 .4

0 .6

o > \

89 *718P

9 -7 9

3 .6

3 .6

3 .2

3 .1

3 .0

3 .1

3 .2

3 .2

3 .0

2 .8

2* 6

2 .4

2 .2

1 1*8
__— J
1

2 .2

1 .5

1 .0

0 .9

89 *853P

2 -7 6

3 -7 8

4—
78

5 -7 8

6 -7 8

t—
78

8 -7 8

9 -7 8 1 0 -7 8 1 1—
78 1 2-78

1 -7 9

2 -7 9

4 -7 9

5 -7 9

6 -7 9

7 -7 9

8 6 * 22 7
*6*590
86* 68 6
86* 88 0
8 7*032
87* 42 4
87* 84 0
8 8*133
8 8*433
88* 70 0
89* 03 9

T - o .o X
\

3 -7 9

89* 03 6

t 007

89* 39 8
89* 62 6
89*713

1.8^
8 -7 9

INITIAL M N H
OT
P - P R E L IM IN A R Y

*-REVISED FROM 1974.




PREPA RED BY FED ERA L R E S E R V E BANK OF S T .
OCTOBER 5* 1979

2

L O U IS




EMPLOYMENT
RATIO SCALE

RATIO SCALE
MILLIONS OF PERSONS

1971

1972

SEA SO N A LLY

1973

1974

MILLIONS OF PERSONS

A D JU S T E D

1975

1976

1977
SOURCEt

PERCEN TAGES ARE ANNUAL RATES OF CHANGE FOR PER IO D S
LA T E S T DATA PLO TTE D :
*

IN O IC A T ED .

PREPARED BY FED ER AL R ESERV E BANK OF S T .

UNEMPLOYMENT

197 2

1979

SEPTEM BER P R E L IM IN A R Y

REV I SCO FROM 1 9 7 4 .

1971

1978

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

1 97 3

19 74

1975

RATE

1976

19 77
SOURCE:

PERCENT OF C IV IL IA N

SEPTEMBER

U .S .

19 78

1 97 9

DEPARTMENT OF LABOR

LABOR FORCE

LATEST DATA PLOTTED:

L O U IS

^
Q

_
PREPARED BY FEDERAL RESERVE BANK OF ST.

LOUIS

C N M PRICE INOEX» SEASONALLY ADJUSTED *
O SU ER
C M U D A N A RATES O C A C
O PO N ED N U L
F HNE
TERMINAL__________________________ ___________________________________I N I T I A L MONTH
MONTH
3 -7 8
4 -7 8
2 -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
3 -7 8
4 -7 8

9*9

5 -f8

1 0 .1

1 0 .5

1 0 .5

6 -7 8

10*2

1 0 .5

1 0 .4

9*7

9 .8

9 .5

9 .0

2 -7 9

3 -7 9

7 .6

4 -7 9

5 -7 9

6 -7 9

7 -7 9

8 -7 9

1 0 .4

7 -7 8

1 -7 9

9*3
1 0 .6
-------

-----1 9 5 .0
m *2

8 -7 8

9 .2

9 .2

8 .9

8 .3

7 .3

6*9

9 -7 8

9 .3

9 .4

9 .1

8 .8

8 .2

8 .5

1 0 .2

1 0 -7 8

9 .5

9 .6

9 .4

9 .2

8 .9

9 .3

1 0 .5

1 0 .8

1 1 -7 8

9 .3

9 .3

9 .1

8 .9

8 .6

8 .8

9 .4

9 .1

7 .4

1 2 -7 8

9 .2

9 .2

9 .0

8 .8

8 .6

8 .8

9* 2

8 .9

8 .0

1 -7 9

9 .5

9 .5

9 .4

9 .3

9 .1

9 .4

9 .9

9 .8

9 .5

2 -7 9

10*0

1 0 .0

9 .9

1 0 .3

1 0 .8

1 0 .9

1 1 .0

1 0 .1

1 0 .0

...iz u x .
m

* 9

2 0 1 .8
8 .7

*Q3.2L_

1 0 .5 ' 12*5

205*2

1 2 .2

1 4 .0

2 0 7 .7

15*6^

3 -7 9

1 0 .3

10* 4

1 0 .3

1 0 .3

1 0 .3

1 0 .7

1 1 .2

1 1 .4

1 1 .5

1 2 .5

1 3 .9

1 4 .6

1 3 .5 s

4 -7 9

1 0 .5

1 0 .6

1 0 .6

1 0 .7

1 0 .7

1 1 .0

1 1 .5

1 1 .7

1 1 .9

1 2 .8

1 3 .9

14*4

1 3 .7

i^ o \ 1 3 . 5 %

212*2

5^79

1 0 .7

1 0 .8

1 0 .8

1 0 .9

1 0 .9

1 1 .2

1 1 .7

1 1 .9

1 2 .1

1 2 .9

1 3 .7

1 4 .1

13*5

1 3 .6

1 3 .2 V

2 14 *4

6 -7 9

10*9

1 1* 0

1 1 .0

1 1 .0

1 1 .1

11*4

1 1 .9

1 2 .0

12*2

1 2 .9

13*6

13*9

13*4

1 3 .4

13*1

13*0

7 -7 9

10*9

1 1 .0

1 1 .1

1 1 .1

1 1 .2

1 1 .5

11*9

1 2 .1

1 2 .2

1 2 .8

13*4

13*6

13*2

13*1

1 2 .8

12* 7

12* 3

8 -7 9

1 1 .0

1 1 .1

1 1 .2

il. 2

1 1 .3

1 1 .6

1 2 .0

1 2 .1

1 2 .3

1 2 .8

1 3 .3

1 3 .5

1 3 .1

1 3 .0

1 2 .8

12* 7

1 2 .5

1 2 .8

9 -7 9

1 1 .2

11* 3

1 1 .4

1 1 .4

1 1*5

11*8

12*2

1 2*3

1 2 .5

1 3 .0

13*5

1 3 .6

13*3

1 3 .3

13*1

13*1

1 3 .2

13*6

1 4 .5 \

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

1 -7 9

2 -7 9

3 -7 9

4 -7 9

5 -7 9

6 -7 9

7 -7 9

8 -7 9

2 0 9 .9

2 16 *6
2 1 8 .7
2 2 0 .9
223*4

%
I N I T I A L MONTH
*CPI-W FOR URBAN WAGE EARNERS AND C L E R IC A L WORKERS
PREPARED BY FEOERAL RESERVE BANK OF ST* LO UIS
OCTOBER 26» 1979
fn M M n «iT ic <

•

t C ic m tA iiv

in u c tc n

CONPOUNOCD ANNUAL RATES OF CHANGE
TERMINAL

I N I T I A L MONTH
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

3 -7 8

12*1
1 0 .9

11*1

8 *5

6 -7 8

10*6

10*6

9 *1

7 -7 8

9*5

9*2

7*8

7*5

5 .3

8 -7 8

8*6

8*2

6 .8

6 .3

4*7

8*8

8*5

7 .5

7*3

6*5

7 *1

9*5

9*3

8 .6

8*7

8*4

9 *5

12*3

5 -7 9

6 -7 9

7 -7 9

8 - 79

10*1

1 0 -7 8

4 -7 9

4 *1

9 -7 8

3 -7 9

13*7

5 -7 8

2 -7 9

10*6

4 -7 8

1967 * 100
1 -7 9

1 2 -7 8

1 4 .4

203*9
206*1
2 0 7 .5
9 *7

2 0 9 .1
2 10 *0
2 1 0 .7
2 12 *4
214*8

1 1 -7 8

9*5

9 *4

8 .8

8*9

8 *7

9*6

1 1 .5

1 2 .2

9*9

1 2 -7 8

9*5

9 .4

8*9

8*9

8*8

9*5

1 0 .9

1 1 .2

9 .6

9 .2

1 -7 9

10*2

1 0 .1

9*8

9 *9

10*0

10*8

1 2 .1

1 2 .6

1 2 .1

1 3 .1

1 \ ,
r
17*2

2 -7 9

10*8

10*9

10*6

10*8

11*0

11*8

1 3 .1

13*7

1 3 .6

14*8

17*7

18*2^ V.

2 2 4 .1

3 -7 9

11*2

11*2

11*0

11*3

11*4

1 2 .2

1 3 .5

1 4 .0

1 3 .9

15*0

16*9

16*8

1 5 .5

2 2 6 .8

4 -7 9

11.. 5

11*6

11* 4

11*7

11*9

1 2 .6

1 3 .8

14*3

1 4 .3

15*1

16*7

16*5

15*7

5 -7 9

11*4

11*4

11*2

1 1 .5

11*6

1 2 .3

1 3 .2

1 3* 6

13*5

14*1

15*1

14*6

6 -7 9

11*0

11*1

10*9

11*1

11*2

11*7

1 2 .5

12*8

12*6

13*0

1 3 .6

1 2*9

7 -7 9

1 1 .5

11*6

1 1*4

11*6

11*8

12*3

1 3 .1

13*4

13*3

13*7

14*4

13*9

8 -7 9

11*5

11*6

1 1*4

11*6

1 1 .8

1 2* 3

1 3 .0

13*3

1 3 .2

13*5

1 4 .1

1 3*6

12*9

1 2 .4

9 -7 9

12*0

12*0

1 1 .9

12*2

12*3

12*8

1 3 .6

13*8

1 3 .8

14*2

1 4 .7

1 4* 4

13*9

2-78

3-78

4-T&

5=78—

6-78—

7=78—

8 = 7 8 — 9i»78 1 0 ^ 7 8

11*78

W 79—

2*79—

---------- —

2 1 6 .5
2 1 8 .1

\

12*78—

2 2 1 .0

_

15*9^ 1^ ^

2 2 9 .6

13*5

12*5

2 3 1 .3 R

11*7

10* 4

7*8

6 *4

13*1

1 2 .5

1 1 .4

1 2 .5

19*0

11*5

12*3

15* 4

11*8

13* 7

13*2

14*2

1 7* 0

16* 0

3*79

4*79—

5*79— 6*79— 7-79— 8 = 7 *

9 .3 ^ \ ^ ^

232.5
235.9
238.1
20 .3 ^

2 4 1 .8

------------------------- -------------------------------------------------- I N I T I A L MONTH-------------------------------------------------------------------------------------------

—PRKPAREO BY PEPERAI. RESERVE BA K O ST. LOUIS
N F
O BER 4, 1979
CTO

R-REVISED




4




RATIO

PRICES

SCALE

r a t i o

SEASONALLY ADJUSTED

1967-100

1972

1973

1974

1975

1976

s c a l e

1967-100

1977

1978

1979

U.CPI-U FOR ALL URBAN CONSUM
ERS
W l- W FOR URBAN W E EARNERS AN CLERICAL W
AG
D
ORKERS
PERCENTAGES ARE ANNUAL RATES O CHANGE FOR PERIODS INDICATED.
F
LATEST DATA PLOTTED: SEPTEMBER
PREPAREO BY FEOERAl RESERVE BANK O ST. LOUIS
F
RATIO

SCALE

1967-100

P R ODU CE R

PRICES

RATIO

SEASONALLY ADJUSTED

SCALE

1967-100

PERCENTAGES ARE ANNUAL RATES O CHANGE FOR PERIODS INDICATED.
F
'.ATEST DATA PLOTTED: SEPTEMBER
P R E PA R E D

5

BY F E D E R A L

RESERVE

BANK OF S

. L O U IS

panmicfa

price i noex. i ndustrial commodities

* s easonally
-

aqjustep

COMPOUNDED ANNUAL RATES OF CHANGE

1967 * 100

I N I T I A L MONTH

TERMINAL
mo n t h

2-78 3-78 4-78 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
5*4

3-78
4-78

^ 7 .9

2 0 4 .0

10.5

~5—8
7~

8 .1

9.5

8.5

6 -7 8

8 .3

9 .3

8 .8

9 .0

2 0 7 .1
2 0 8 .6

2 1 0 .1

7-78^

8 .5

9 .2

8*8

9 .0

9 .0

8 -7 8

8 .3

8 .9

8 .5

8 .6

8 .3

7 .7

9 -7 8

8 .2

8 .7

8 .4

8 .3

8 .1

7 .7

7 .6

1 0 -7 8

8 .5

9 .0

8 .7

8 .8

8 .7

8 .6

9 .1

1 0 .6

11—
7tT

8 .7

9 .1

8 .9

9 .0

9 .0

9 .0

9 .4

1 0 .3

9 .9

1 2 -7 8

8 .6

9 .0

8 .8

8 .8

8 .8

9 .1

9 .5

9 .0

1 -7 9

9 .2

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

9 .7

1 0 .0

1 0 .0

1 0 .2

1 0 .3

1 0 .5

1 1 .0

ÏÎT

t

1 1 .9

1 2 .6

1 4 .9

1 4 .5 s

1 0 .0

1 0 .4

1 0 .4

10*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

1 4 .9

1 5 .6

15^7

1 6 .4

2 1 1 .4
2 1 2 .7

8 .1

2 1 7 .6

2 2 2 .7
2 2 5 .3

4 -7 9

1 0 .6

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

5 -7 9

1 0 .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 ^

6 -7 9

1 1 .0

1 1 .3

1 1 .4

1 1 .6

1 1 .8

1 2 .1

1 2 .6

1 3 .1

1 3 .4

1 3 .9

1 5 .0

1 4 .9

1 5 .0

1 5 .0

1 3 .6

1 1 .5

7 -7 9

1 1 .5

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

8 -7 9

1 1 .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 .8

1 6 .6

1 6 .9

1 9 .7

1 8 .0

9 -7 9

1 2 .3

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 9 .5

1 8 .5

- 2 -7 &

1 7 .8 ^ 1 6 .4 %
2 3 1 .2 R
2 3 3 .3

2 1 .4

2 3 7 .1

2 4 3 .9

3-78^
- I N I T I A L MONTH

R-REVISED

PRODUCER P R IC E IM PE X . g ARM PRODUCTS 4 PROCESSED F OOPS t
COMPOUNDED ANNUAL RATES OP CHANGE
TERMINAL

FEEDS » S t A S . A D J.

I N I T I A L MONTH
2 -7 8

3 -7 8

4 -7 8

5 -7 8

6 -7 8

7—
78

8—78

9—
78 1 0 -7 8 1 1 -7 8 1 2 -7 8

1 967 « 100
1 -7 9

2—79

3 -7 8

3 0 .4
2 1 .5

1 6 .2

5 .4

6 -7 8

1 9 .8

1 5 .8

1 0 .0

7 -7 8

1 3 .7

9 .4

3 .8

2 .9

9 .5

5 .3

0 .3

-1 .4

- 8 .6

1 1 .2

8 .0

4 .4

4 .1

0 .8

5 .3

1 3 .7

1 1 .2

8 .5

9 .2

7 .8

1 3 .6

2 7 .2

3 2 .0

11 -7 8

1 3 .1

1 0 .8

8 .6

9 .1

8 .0

1 2 .3

2 0 .7

1 9 .8

8 .7

12 -7 8

1 3 .0

1 0 .9

9 .0

9 .5

8 .6

1 2 .2

1 8 .4

1 7 .i

1 0 .2

1 1 .7

1 -7 9

1 4 .0

1 2 .2

1 0 .6

1 1 .3

1 0 .7

1 4 .2

1 9 .6

1 8 .9

1 4 .8

1 7 .9

¿ -7 9

1 5 .5

1 4 .0

1 2 .7

1 3 .5

1 3 .4

1 6 .8

2 1 .8

2 1 .7

1 9 .2

2 2 .9

2 8 .9

3 3 .5

3 -7 9

1 5 .9

1 4 .6

1 3 .5

1 4 .3

1 4 .2

1 7 .3

2 1 .7

2 1 .6

1 9 .6

2 2 .5

2 6 .4

2 7 .3

2 1 .4

4 -7 9

1 5 .0

1 3 .7

1 2 .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

1 2 .2

8 -7 9

2 2 .5

1 0 -7 8

7 -7 9

-9 .4

9 -7 8

6 —79

-7 .8

8 -7 8

5 -7 9

2 8 .1

5 -7 8

4 -7 9

3 2 .8

4 -7 8

3 -7 9

2 0 1 .2
2 C 5 .4
2 0 6 .3
2 0 8 .7

1 4 .9

2 0 7 .3
2 0 5 .6
2 C 9 .1
2 1 4 .0
2 1 5 .5
2 1 7 .5
2 2 1 .5

2 4 .4

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

3 .7

5 -7 9

1 3 .1

1 1 .8

1 0 .7

1 1 .1

1 0 .8

1 2 .8

1 5 .6

1 4 .8

1 2 .5

1 3 .1

1 3 .4

1 0 .8

4 .1

— .6
3

-1 0 .4

6 -7 9

1 1 .5

1 0 .2

9 .1

9 .4

8 .9

1 0 .6

1 2 .8

1 1 .8

9 .5

9 .6

9 .2

6 .4

0 .5

-5 .6

-9 .9

- 9 .5

7 -7 9

1 1 .4

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

1 0 .3

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

— .6
4

-2 .6

? 1 .1

-6 .1

9 -7 9

1 0 .9

9 .8

8 .8

9 .0

8 .6

9 .9

1 1 .5

1 0 .7

8 .9

8 .9

8 .6

6 .8

3 .4

0 .7

0 .1

2 .9

7 .4

6 .7

2 1 .3

2 -7 8

3 -7 8

4 -7 8

5 -7 8

—5=79- 6=79 -7= 79

8 -7 9




-7 —78 -8= 7 8 — 9= 78-

-1 = 7 9 -

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

------IN IT IA I. MONTH—

PREPARED 8Y FEDERAL RESERVE B N O ST. LOUIS
AK F
O BER 4, 1979
CTO

6

IN D USTRIAL
R AT I O SCALE
1967-100

1971

PRODUCTION
R A T I O SCALE
1967-100

SEASONALLY ADJUSTED

1972

1973

1974

1975

1976

1977

1978

1979

PERCENTAGES ARE ANNUAL RATES OF CHANGE FOR PERIODS INDICATED.
LATEST DATA PLOTTED: SEPTEMBER PRELIMINARY
PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

COM
POUNDED ANNUAL RATES OF CHANGE
TERMINAL
M
ONTH

1*67 « 100

INITIAL M
ONTH
2-78

3-78

18.9

5 -78

4-78

5-78

6-78

7 -78

8-7 8

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

16.5

*—
78

3-78

1-79

2-79

3 -7 9

4 -7 9

5 -7 9

6 -7 9

7 -7 9

8 -7 9

142.1

13 .5

21.2
12.0

3 .4

6-78

12.9

1 1 .7

7 .3

1 1 .3

7V78

12.0

1 0 .9

7 .7

9 .9

8 .5

8 -7 8

11 .3

1 0 .3

7 .7

9 .1

8.1

7 .6

9 -7 8

10 .4

9 .4

7 .1

8.1

7 .0

6 .3

5 .0

10—
78

10.2

9 .3

7 .5

8 .3

7 .6

7 .3

7 .1

9 .3

11-78

9 .9

9 .1

7 .5

8.2

7 .6

7 .3

7 .2

8#4

7 .8

8 .4

14 4 .4
144.8
146.1
147.1
148.0
148.6
149.7
7 .5

150.6

12 -78

9 .9

9 .2

8.0

7 .8

7 .9

8 .9

8 .7

1-7V

8 .7

8.0 6*6

7 .0

6 .4

6.1

5 .8

6.0

4 .9

3 .6

<-2.3^

151.5

2 -7 9

8 .3

7 .6

6 .7

6.1

5 .8

5 .5

5 .6

4 .7

3 .8

0.8

152.0

5 .4

4 .9

3 .2

1 .5

0 .3

6 .3

3-79

8 .3

7 .7

6 .5

6.8

6 .3

6.1

5 .9

4 -7 9

6 .4

5 .6

* .4

4 .5

3 .9

3 .4

2 .9

5 -79

6*8 6.2

5.1

5 .2

4 .7

4 .3

4 .0

6-7V

6 .5

5 .9

4 .8

5 .0

4 .4

4 .1

3 .7

7 -7 9

6.2

5 .6

4 .6

4 .7

4 .2

3 .9

3 .5

8 -7 9

5 .3

3 .7

3 .7

3 .2

2.8

2 .4

9 -7 9

5.3.

* .7

3 .8

3 .9

3 .4

3 .0

2 .7

2-78

3-78

4-78

5-78

6-78

7-78

8-78

6

6.0
2.6

10.0

151.8

- 2 .0

6
.1
- 1 .8

1.0 1 8
.
3 .6
2 .9
2.3
1.1 1 8
.
3 .4
2.8 2.2 1.1 1 .7
2.1 1 .4 0.8 - 0 .3 0 .0
2 .5
1 .9
1.4
0 .4
0.8
3 .9

3 .1

2 .4

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

1-79

8 .2

153.0

- 4 .6 - 1 6 .0

A 4% _

150.8
152.4

1.1

- 2 .3

1 3 .5

1 .2

-1 .0

7 .4

\
1 .6

1 .3

-0 .4

5 .4

1 .6

- 0 .7

-2 .3

1 .4

- 2 .3

-4 .2

-9 .7

0 .3

-0 .9

2 .4

- 0 .2

-0 .8

-1 .9

2-79

3-79

4 -7 9

5-79

6 -7 9

7-79

152.6

1♦Ò

152.8
\
6 .5 '

1 5 1 .5P
15 2.3P

8-7 9

INITIAL M N
O TH
P- P R E L IM IN A R Y




PREPARED BY FEDERAL RESERVE B N O ST. LOUIS
AK F
O BER 16, 1979
CTO

7

PERSONAL
RATIO SCALE
TRILLIONS

M O NTHLY

OF DOLLARS

TO T ALS

INCOME

AT

SEASO N ALLY

ANNUAL

RATIO SCALE

RATES

TRILLIONS

A D JU S T E D

OF DOLLARS
2 .0

I .9
1 .8

1.
I .6

I .5

I.
l
i .

i .

1 .0

0.9

0 .8

1971

1972

1973

1974

1975

1976
SOURCE:

PERCENTAGES ARE ANNUAL RATES OF CHANCE FOR P E R IO D S
LATEST OATA PLO TTED :

1977
U .S .

1978

1979

DEPARTMENT OF COMMERCE

IN D ICATED .

SEPTEM BER P R EL IM IN A R Y
PREPAREO BY FEDERAL R ESER V E BANK OF S T .

COMPOUNDED

PERSONAL INCOME
ANNUAL RATES Of

CHANGE
B I L L I O N S OF
M O N T H _________________________________________________________________________ P Q lk A E S ___
ANNUAL RATES
11-78 12-78
6-79
7-79
8-79
3-79
*-79
5-79
1-79
2-79

__________________________________________________I N I T I A L

1
ro
1
00

TERMINAL
MONTH

L O U IS

3-78

* — 78

5-78

3-78

17.8
14.5

12.5

14.0

12.6

10.3

9-78

10-78

8.0

6-78

8-78

17.3

5-78

7 — 78

18.*

4-76

6-76

12.7

1,65*.*
1,676.5
1 ,087.3
i ,70*.2
1,730.0

7-78

15.1

14.3

13.4

16.2

19.8

8-78

13.9

13.1

12*0

13.*

13.8

8.1

9-78

13.5

12.7

11.8

12.7

12.7

9.4

10.7

1,7*1.3
1,756.1

10-78

l*.l

13.5

12.9

13.8

14.1

12.3

14.5

18.4

11-76

14.1

13.6

13.1

i*.0

14.2

12.9

14.5

16.5

14.6

12-78

I*.5

l*.l

13.7

14.6

14.9

14.0

15.5

17.1

16.5

18.3

1-79

13.6

13.2

12.7

12.5

11.5

13.3

13.4

12.4

13.3

14.0

1,781.0
1,601.*
i ,826.8
1,83*.3

* 5.0

2-79

13.5

13.1

12.6

13.2

13.2

12.3

13.0

13.5

12.3

11.6

8*4*

11.8

3-79

13.6

13.2

12.8

13.3

13.3

12.6

13.2

13.6

12.7

12.2

10.3

13.0

14.3

4-79

13.0

12.6

12.2

12.6

12.0

11.8

12.2

12.5

11.5

10.9

9.1

10.5

9.9

1 ,851•*
1,672.1
s

> \ 9 . 5 %

1 ,880.7

5—79

12.6

12.2

11.8

12.1

12.1

11.3

11.7

11.8

10.9

10.3

8.7

9.7

9.0

6.4

7 . 2 \

6-79

12.3

11.9

11.6

11.9

11.8

11.1

11.4

11.5

10.6

10.1

8.8

9.5

9.0

7.2

8.0

8.9

7-79

12.7

12.3

12.C

12.3

12.3

11.7

12.0

12.1

11.5

11.1

10.1

10.9

10.8

9.9

11.3

13.5

18.2

8-79

12.*

1 ,691.6
1 ,905.1
1,931.9

2-76

12.0

11.7

12.0

11.9

11.3

11.6

11.7

11.0

10.6

9.7

10.4

10.1

9.3

10.3

11*3

12.5

7.1

i ,9*3.0

11.8

11.5

11.7

11.6

11.1

11.3

11.3

10.7

10.3

9.5

10.0

9.8

9.1

9.8

10.4

10.9

7.5

1.955.2P

J— 76

*-78

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

INITIAL

8-79

MONTH

P - P R E L IM IN Ä k V




PREPAREO BY FEDERAL RESERVE BA K O ST. LOUIS
N F
O BER 17, 1979
CTO

8

R ETAIL
RATIO

SALES
RATIO

SCALE

PERCENTAGES ARE ANNUAL RATES OF CHANGE FOR P E R IO D S
LAT EST DATA PLO TTED :

AUGUST,

SCALE

IN D IC A T ED .

SEPT EM BER ADVANCE EST IM A T E
PREPARED BY FED ERAL R E SE R V E BANK OF S T .

R E T A IL S A LE S
COM POUNOEP AN N U A L R A T E S
IN IT IA L

L O U IS

OF CHANGE

N O N TH

M IL L IO N S

2 -7 8

3 -7 8

4 -7 8

5 -7 8

3 -7 8
4 -7 8

2 3 .5
1 7 .8

1 4 .3

1 5 .3

1 2 .3

7 .8

1 3 .2

1 0 .4

6.8

6.6

8 -7 8

1 4 .5

1 2 .5

1 0 .3

1 1 .3

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 -7 9

6 -7 9

7 -7 9

8 -7 9

8 .4

7 -7 8

8 -7 8

7 .2

6 -7 8

7 -7 8

22. 0

5 -7 8

6 -7 8

2 4 .9

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

12.8

6 6 ,2 2 4
2 1 .4

6 7 ,3 0 3

9 -7 8

1 4 .6

1 2 .9

11.2

12.2

1 3 .5

1 8 .1

1 4 .9

1 0 -7 8

1 4 .8

1 3 .5

12.1

1 3 .1

1 4 .3

1 7 .7

1 5 .8

1 6 .8

1 1 -7 8

1 5 .7

1 4 .6

1 3 .5

1 4 .7

1 5 .9

1 8 .9

1 8 .1

1 9 .7

2 2 .7

1 2 -7 8

1 5 .5

1 4 .5

1 3 .6

1 4 .5

15*6

1 7 .9

1 7 .0

1 7 .7

1 8 .2

1 3 .8

1 -7 9

1 3 .9

12.8

1 1 .9

1 2 .5

1 3 .0

1 4 .5

1 3 .1

1 2 .7

1 1 .4

6.1

2 -7 9

1 3 .1

12.1

11.1

11.6

12.0

1 3 .0

1 1 .7

11.0

9 .7

5 .6

1 .7

4 .6

3 -7 9

r» .4

11.6

12.1

1 2 .5

1 3 .5

1 2 .4

12.0

11.0

8 .3

6 .5

1 0 .5

1 6 .7

9 .8

9 .9

1 0 .5

9 .2

8 .4

7 .1

4 .2

1 .9

2 .9

2.1

9 .2

8.6

7 .4

5 .1

3 .4

4 .6

4 .5

-

8.1

7 .3

6.2

4 .1

2 .5

3 .2

2 .9

-1 .3

3 .7

7 .6

6.6

4 .8

3 .5

4 .3

1 .4

5 .7

4 -7 9

_

11

_ J.© s.5 _

5 -7 9

1 1 .3

1 0 .4

9 .6

9 .8

9 .9

1 0 .4

6 -7 9

1 0 .4

9 .5

8 .7

8.8

8 .9

9 .2

7 -7 9

10*4

9 .6

8 .8

8 .9

9 .3

6 8 ,0 8 5
6 8 ,9 7 1
7 0 ,1 5 8
7 0 ,9 1 8
-

1.1

7 0 ,8 5 5

1 2 .9

1 2 .3

11.8

12.1

1 2 .3

12*9

12.2

12.0

2 -7 8

3 -7 8

4 -7 8

5 -7 8

6 -7 8

7 -7 8

8 -7 8

9 -7 8

11.6

1 0 .5

1 0 -7 8

1 1 -7 8

10.2
1 2 -7 8

7 1 ,1 2 2

4 .3

7 2 ,0 4 5
-1 0 .7

1.1

7 1 ,3 6 6

X

7 1 ,9 1 4

9 .6 ^ ^
- M
3 .9

S

.

7 1 ,8 0 3
7 2 ,3 7 0

9 .9 1

11

iV .l

0.0

1 1 .7

1 2 .7

12.1

1 7 .3

1 9 .3

2 7 .3

3 6 .9

2 9 .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

f.T
9 -7 9

OF

0 0 LLARS

M O NTH

C.O . V

Lr

7 6 ,2 6 3 E

INITIAL M N H
OT
P - p rëT T h T nâêÿ“
6- E ST IM A T E D




PREPAREO BY FEOERAL RESERVE BA K O ST. LOUIS
N F
O BER 15, 1979
CTO

9

HU
O RLY CO PENSATIO PRIVATE ÒQSINESS SECTOR*
M
N*
--- C M U D A M I BATFS O C A fiF________
O PO N ED N II4
ff H N

1=25____LfL^a__ L I . 1

1 7 6 .4

7.2%

2=15 ____u u j ------a^s_

3 -7 5

8.9___ a.s

1-76

5^7.

1 A 2 .6

- .7 .2

a.a
o.a

Q-*6____ 1 a .7_

2-76
2^76

-7-.Z

9 .2 ----- ---------------------- a . 3

4 -7 5 .

- 9 ,^ 0 _____ fl U J i_____ fi-^5_____ 6 . 4

4.-76

9.JL
9.-Q-

tu a —

9 .1

.s

la i. ?

a ^ i—

a^A—

-£ * 2 ___ &»5

.3

8 .7

9 .3

a*5___ a^5___ a^o___

..a^a___ a ^ ___ a^a___ a^a_

a-77

- ft

9 . ] ____ 2^2___ a*a___ a^a___ 9.1

a . 9 ___ £UA_

■L-J7
2-77

io

— 8-^2---- fl-*5____ a ^ 4 ____ 2_^i____ 9 . 7 .

± *ù

___ a * A _ _ j u ù _

._a.6_

202.7

a^6

2 1 JL.1

t u it___ a ^ i___ a^z___ a~*___ a ^ _

___a.i
a.2

a . 2___ a^5

a.i
-- Li-4M ---

..a,.a

a. 1.7

. a,

* - 7 ft

a. ,9

a.>h

A.

fc^?a .

A. .9

a..a

A..6

osza.

■ .0
9

ft.9

-a« , a------ a * a

2=79

-9.XÌ-

9 .0

-.a. a

.a . 9

9 .1

4-74

1-75

2-75

3-75

2 r* 7 h

3-74

>
6

a.

>
6

A,t A

A..9

A.»7

A.

A.,7

-a *o —

A<

H -A

A,, 7

ft.

A.■
6

A,
A.,7

A.A

ft..f
t

A. . 7

A..9

.
6

a..6

R..A

A.,9

a., v

ft.7
.

ft.ft

A,• 6

1-76

2-76

3-76

---

1 ,|
<V

Q . fi
■
9,
,1

Q. 1

a~o_ - M ----- a*o_

— - 0----- 9 *0 ----- 9 ^ 0 9.
4-75

<1.1

9,,9

o. t
.

o

.T
.

...

^

o ft

0 9

?■ 1 A
** r
d

•a

\

x-ru- • f

-ft~5---- 10*0----- 9 *4 — 14*6— 10^2— 1 1 .4

9 .0

9 .1

4-76

1-77

-9 * 5 ----- M 2-77

3-77

4-77

>4—
r*
?an , •

1-78

2-78

■ 4 X .3
3

---1 0 . 4
3-78

4-78

1-79

I N I T I A L QUARTER
OUTPUT PER HOUR OF A L L PERSONS« PR IV A T E B U SIN ESS SECTOR *
_____________ COMPOUNDED ANNUAL RATES OF CHANGE_________________
TERMINAL

1967 » -100-

I N I T I A L QUARTER

QUARTER
3-74_ 4 r2 ±

1-75

2-75

3-75

4-75

1-76

2-76

3-76

4-76

1-77

2-77

3-77

4-77-- l^Zfl- 2=28-- 3-78
-

4-7H- -------109-4.0

4—
74

-2 .9

1-75

-C .V

— l.l

2-75

3 .2

6 .3

4 .2

A .7

lu^k3
^ — ,9.5%
11.A Sw

---

-11^,»6

9 .5

4 .3 ____ ijt± ____2 , 3_ - 2 .A .

113-.7

3 .6

5 . 0 ___________ i u l ____2jl2_

115.6
116.2

_2±1____4 * 4 ___ I t * . .

___ ft**___ 5-*J2_

1- 1 *-

116.7

_ i t f l ___ 2^ Q___ 3^5___ _______ U J _
l
frrlé.-.

2 .9

3 .7

4 .1

2 .6 ___

Z * S i ___ 2 * 1 ____-----------L*2 -----

Ir2 2 _

3.1

3 .8 ____it * !____ _______ 2 ^ ____ _______ 2^3____2^6____3 ,1

¿ -7 7

2 .7 ___ 3 jl2___ 1^5___ 2^5___ ¡U fl____2*5____1 .5 _

1*5____1 .3

- 2 . 9 ___
- 2 . 6 ___ 1*1

1«=7J

_2.4___ 2*6___ 2.9

2-78

2.4

3-7 B

2.4___ 2.7

4-7 b

2 .é-

- 3 .2

- 2 . 3 ____ 2 . * l -

1*=79

_l *z___i .a

2 .Q

1*7,.

.44.9^3.

- i . a ___ o ^ - .

2 .2

-1.3-1 .0 — — .- 2 .
0

1.4:-

1*4

-1.3-

1 .2

2 .1

1.5___ 1.5L-

1.5

1.5

0.9____L^S___ 0.1

-119-.8

1 .2

2 * 2 ___ L*6___ 2*2___ L * 6 ------ L * 2 1.7

i.a

_L*5___ 2 .5

1 .6

_ U 3 ------U 3 -

2 .0 -

1 .5 ___ 1*6___ 1*5____1*5

1 .1

1^7___ 1 .2

0 .6

- U i_

2.4

i . a ---- 1 ^ 4

1 .«

7 -n

9 .1

1. S

1*1

1.4

n .o

n .o

n .ft

4 -7 *

1 -7 5

2 -7 5

3 -7 5

4 -7 5

1 -7 6

2 -7 6

3 -7 6

4 -7 6

IN IT IA L

1 * 4 — » 2 . 6 ^ - -------

- L a ) ----- 0*2----- 0-*S----- 0*6—

n .7

- A .?
1 -7 7

2 -7 7

rt-n

n .l

-O .A .

-1 .4 .... - 2 . 5

-7 .Ì S

3 -7 7

4 -7 7

1 -7 8

2 -7 8

3 -7 8

120.0■

1 -7 9

4 -7 8

1 1 9 .3

QUARTER

Data in process of being revised.
Next issue of this r elease will contain
-----3rd quarter plus revisions.
O c t o b e r 29, 1979.




119..7

5 .9

l. a

3 -7 4

>—
*70

- 1 .7 % -

1 . 4 ___- 1 . 7

2*1-

2.7___ 2*2___ 2.1—
2_. 9

1 1 7 .2

2 . 6 ____2 .9

2 . a___ 2 -3 ___ _______ 2 . 2 -

1=1.74-7.7

1«7
4.5-

10

....

___ 102-Jt __________

2 .6
1 -1 6 -

...

P R E P A R E O BY FED E R A L R E S E R V E BANK OF S T . L O U IS
—
AUGUST 2 9 , 1979
— - — ----------------------------

PRODUCTIVITY, COMPENSATION, AND LABOR COSTS*
RATIO

SCALE

RATIO

1967-100

SEA SO N A LLY

1971

1972

1973

1974

1975

SCALE

1967-100

A D JU S T E D

1976

1977

1978

SOURCE: U .S .

1979

DEPARTMENT OP LABOR

PERCENTAGES ARE ANNUAL RATES OP CHANGE FOR PERIODS INOICATEO.
LATEST DATA PLOTTED:

2ND OUARTER PRELIM INARY
PREPAREO BY FEDERAL RESERVE BANK OF ST .

__ _______
T E R M I N A L __
QUARTER
3-7#

UNIT LABOR COSTS, PRIVATE BUSINESS SECTOR *
C O M P O U N D E D A M N U A L R A T F S O F C H 1 N C F ____ _________

_

_______ I N I T I A L

1 75..2 r 7 3 — ¿ = 2 3 - .^k«r?3 -■
■lr-76 ■ ■
■ 2-76

4-'Jh

LO U IS

4-74

11.6

2-7*

6.6

3-75

4.5

1.
.6

5.9

4,.n

?,»?

4.8

1-7 A

5.3

,7

?,

4.1

2-76

5.6

,3

5.7

4«>
6

5.9
1-77

5.7

2-77

5.9

Ì-77

5.7

4-77

3=:EL.

1*78

2»7fl___3 «Jft

_____ 1 9 6 7 « 1 0 0
4»78

l w 7 9 _____

7.0

3-76

2=11

W77

______________________

_

- 2 .1

<*-75

4«r76

-

13.a

1-7*

3-76

__________

Q U A R T E R _____________________

157,,7
9..4

r

1 4 1 13 ’
.

'\ < - 2 .1 %
-?.

1

164..ft

ll.sVw

165.,1
16A. .1

3,•4

4.9

7.2

5.1

, > s

3,

5.2

7.0

5.5

6.9

6.3

17ft.

.ft

<r,.4

5.6

7.1

6.0

7. 1

6.9

17Ì.

»fl

4i

5.2

6.4

5.4

6 .1

5.7

5.3

,7

5.7

6.7

6.0

6.6

6.4

6.5

6.0

5,.0

4 i(S

5.4

6 .^

5.6

6.0

5.f
t

5.6

5.f
t

5.0

5,

,9
4.

5-7

6.5

5.9

6.4

6.2

6.1

5.f
t

A-7

< t7

1— 7ft

6.4

5,.fi

5,,5

6.3

7.1

6.6

7.1

7.1

7.2

7.7

ftT >

ftTf
t

2-7ft

A. 3

5 if
ì

%.,^

A.)

7-ft

6.6

7 Tf
t

6.0

7.f
t

A..O

7f 7

7,4

A ,9

o -■
>

5*9

5,,9

*,>
6

6- ^

7-ft

6.6

7.<>

6 t4

7.f
t

A tO

7-5

7 t "1
*

f ,3
t

f -3
t

6 »?

.n

.
5 .a

6.4

7 tl

6*7

7» I

7,0

7.1

7, |

7.4

7,4

9,,3

9,3

4.9

m

i 1
.

O

7 iA

7■
?

?■
7

7 •7

7 ,^

7 o

o <
c

O A

9 ,)

9. f

7.Ì

7 .O

7. A.

f .f
t t

f .f
t t

A .9

a a

A O

f .O
i

O .7

0.0

0.4

10.3

11.4

2-75

3-75

1-77

2-77

3-77

4-77

1-78

2-78

3-78

3-7ft
4—7A

6. 5

a

1— 7 0

A o
.

jl

7-70

7 ,•
>

3-74

»

4-1r
4

1-75

4-75

1-76

2-76

3-76

^

4-76

t

r

,7
.
ft

7.1%

175.

>
2
,4
1 7H .

v

1 *° .
a

,7

1 ft ,5

183.,9 .

11

..
.

1 ? t7

-2
1°2 * _______
1V5-.,i—
. 7 * 4 ____ 8 « 2 \
.
^
9,f
1 1 .^

\ 1 3 . 3 %

— 199^ri--

20» .±
r ------- 12 » Q ^

4-78

— 2 4 ^ . 43--

1-79

INITIAL QUARTER
tJ Data in process of being revised. Next issue of 1 his release will contain
t
¡^i AAi*
jiu v^uai vci piu:> 1CVI3IUII5. ' a K/ma Oft 1070
1 £.7, 1?




t7

1 59.

PREPARED BY F E D ERAL R E S ERVE
A U G U S T 29 , 1 9 7 » -------------

B A N K OF ST*

LOUIS

GRO H TIQ A PR O C IN CURREN DO
SS A M L O U T
T LLARS
C M O N E A N A RATES O C A G
O P U DD N U L
F HNE

BILLIONS O
F
O LLARS
O
A N A RATES
NUL
1
-75 2-75 3-75 4-75 1 6 2-76 3-76 4-76 1-77 2-77 3-77 4-77 1-78 2-7« 3-7« 4-78 1-79 2-79
-7
INITIAL Q A
U RTER

T ER M IN A L
QUARTER
4-74
1-75

C .6

2-75

6.5

1,454.7

1 2 .6

r , 4 9 8 .6

3-75

10.4

15.6

18*6

1*564.0

~ 4-T5

ioVo

Ì3 »3

13.7

1*598.0

1-76

T o .9

13.7

T 4 .G

2-76

10.3

12.4

12.3

3-76

Ï Ô ÏÔ

IÌ.6

“ 1 ."4
1

11.8

14.7

HT, 6 5 3 . 7

10731C.9

* 7.3

9.9

7.7

1*683.1
1*715.8

1 0 .0

11.4

n.r

1 0 .6

11.9

11.7

10.6

il.O

10.1

11.0

12.5

15.4

1 0 .8

1 2 .0

1 1 .9

11.0

11.3

10.6

11.5

12.6

14.1

12.8

lo .9

1 2 .0

II. 9

ÏI7I

Ï1.4

1079~

11.6

12.5

13.5

12.5

12.1

4-77

10 .7

11.7

1 1 .6

1 C. 8

11.1

10.6

11.1

11.7

12.3

11.2

10.4

1*971.3

~ f —78~

10.5

1r . y

1 0 .6

1 0 .8

10.3

10.7

11.2

11.5

10.5

9.7

2*011.3

1 1 .6

11.3

11.8

12.4

12.8

12.3

12.2

12.2

1-77

3-77

8.9

1*820.2
1*876.0
1*930.5

2-78

11 .2 “ 1 2 . 0

3-78

1 1 .2

1 2 .0

11.9

11.4

11.6

11.3

11.7

12.2

12.5

12.1

11.9

11.9

12.9

15.3

11.0

11 .4

12. 1

1 2 . I“

1 1 .6

1 1 .8

1 1 .6

12.0

12.5

12.8

12.5

12.4

12.4

13.4

15.1

12*8

14.8

1-79

11.3

1 2 .0

1 2 .0

11.5

11.7

11.5

11.9

12.3

12.6

12.2

ÏZVi

12.1

12.8

14.Ö

12.1

Ì2.6

1 0 .6

2-79

11.1

11.7

11.7

11.2

11.4

11.1

11.4

11.8

12-.0

11.6

11.4

11.3

11.8

12.5

10.7

10.6

8.6

3-79

1 2 .0 “ T l . 4 ~

1*756.1

11.1

11.7

11.6

11.2

1 1 .4

11.1

11.4

11.7

11.9

1-75

2-75

3-75

4-75

1-76

2-76

3-76

4-76

2*159.6
2*235.2

- 9 .4 % -

2*292.1
2*329.8

11.3

11.7

12.2

10.8

10.7

9.4

8.9

2-77

1-77

INITIAL

2*104.2

19.8

11.4

11.5

* — 74

13.9

3-77

4-77

1-78

2-78

3-78

4-78

1-79

.

2*391.5P

11.0^

2-79

QUARTER

P- PRELIM INARY
PREPARED BY FEDERAL
OC T O B E R 19, 1979

RESERVE BANK

OF ST*

LOUIS

G R O S S N A T I O N A L P R O D U C T IN 1 9 7 2 D O L L A R S
COMPOUNDED ANNUAL RATES OF CHANGE

TERMINAL
QUARTER

INITIAL
4-74

1-75

1-75

2-75

3-75

4-75

1-76

2-76

3-76

4-76

B I L L I O N S OF
DOLLARS

QUARTER

1-77

2-77

3-77

4-77

1-78

2-78

3-78

4-78

1-79

2-79

97C~

1T 1 7 I .6

2-75

— 1 .6

6.4

3-75

2.3

8.4

10.5

4-75

2.4

6.5

6.5

2.6“

1-76

4.0

7.5

7.9

6.6

10.7

2-76

3.7

6.5

6.5

5.2

6.5

3-76

3.6

5. 9

4.7

5.4

2.8

3.1 '

4-76

3.6

5.6

5.4

4.4

4.9

3.0

3.3

3.5

6.0

5.9

5.2

5.7

4.5

5.1

6.1

1*189.9

” 78“
5

1-TV

4.2

2-77

~4T2~

3-77

4.5

6.0

5.9

4-77

4.3

5.6

5.5

“ .8
5

1,220.0

~5~.8~

5.1

1,227.9
1,259.5
r s ,

2 .5

1,267.4
1*277.1
1*288.1
8.8

1,315.7
~ 4.8 ^ 4 . 6 % -

5.0

5.5

4.5

5.0

5.7

6.8

5.7

4.9

5.4

6.0

6.9

5.9

7 . o \ ^

5.3

4.5

4.9

5.2

5.7

4.6

4.6

2.2

4-76

“ 5V3~

1-77

2-77

3-77

1,331.2
“1 , 3 5 3 . 9 ”
1,361.3

4-77

1-78

2-78

3-78

4-78

1-79

2-79

INITIAL Q
UARTER
P - P R E L IM IN A R Y




12

PREPARED BY FEDERAL RESERVE BA K O ST. LOUIS
N F
O BER 19* 1 7
CTO
99

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

2
2
2
2

N A T I O N A L

P R O D U C T

QUARTERLY TOTALS AT ANNUAL RATES
RATIO SCALE
DOLLARS
SEASONALLY ADJUSTED
T R I L L I O N S OF D O L L A R S
2 .5
2.4

2.3
2. 2

2

2

.

2

2

1

. 0

.9
. 8

.7
. 6

.5
.4
. 8

.7
. 6

.5
.4
.3

. 2

.

I

. 0

0.9

0 .

SOURCE: U.S. DEPARTMENT OF COMMERCE
PERCENTAGES ARE ANNUAL RATES OF CHAN6E FOR PERIODS INDICATED.
L A T E S T DATA P L O T T E D : 3RD QUARTER PR EL IMI NAR Y




PREPARED BY FEDERAL RESERVE BANK OF S T .

13

L O U IS

G E N E R A L

P R I C E

I N D E X *

R A TI O SCALE

R A TI O SCALE

1972-100

1971

1972-100

1972

1973

1974

1975

1976

«AS USED IM NATIONAL INCOME ACCOUNTS

197 7

1978

1979

SOURCE: U .S . DEPARTMENT OF COMMERCE

PERCENTAGES ARE ANNUAL RATES Of CHAJtOE FOR PERIODS INDICATED.
LA
TEST D T P O T D M Q A T R PRELIMINARY
AA L T E t
O U R E

PREPAREO BY FEDERAL RESERVE BANK OF ST. LOUIS

______________ I M P L IC IT PR ICE DEFLATOR FOR CROSS NATIONAL PRQOUCT_____________
COMPOUNDED ANNUAL RATES OF CHANGE
TERM INAL
1
I N I T I A L QUARTER
1 9 7 2 * 100
W A S T ES____________ ____________________________________________________________________________________________________________________________________________
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
1 -7 5

l0“

1 2 4 .1 6

f ^

2 -7 5

8*2

5 .9

3 -7 5

7 .9

6 .6

4 -7 5

7*5

6 .5

6 .8

1 -7 6

6*7

5 .8

5 .7

* •9

3 .6

2 -7 6

6

5 .5

5 .4

4.8

A .l

4 .6 \O ^ O 7 0

3 -7 6

6*1

5*4

5 .3

4 .8

4 «3

4 .7

4 .8

4-> 6

•6.1

5 .5

5 .4

*♦1

4#8

5 .2

5 .4

6 .1

5 *2

5*0

5 .4

5 .6

6 .0

1 2 5 .9 5

\

7 .3

1 2 8 .1 9

X
1 3 0 .1 4

6 .2

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

1 -7 7

6 *1

5 .6

5*5

2 -7 7

6 »3

5 ,8

5 .8

?+ *

5 .5

5 .8

6 .1

6 .6

6 .8

7 .7 s

3 -7 7

6 *1

5 .1

5 .7

5 .5

5 .4

5 .1

5 .9

6 .1

6 .2

6 .2

4 .8

4 -7 7

6 *2

5*8

5 .7

5 .6

5 .5

5 .8

6 .0

6 .2

6 .2

6 .3

5 .6

6

1 -7 8

6*2

5 .8

5*8

5 .6

5 .6

5 .8

6 .0

6 .2

6 .2

6 .3

5 .«

6. 4

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 0 .7

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

8 .9

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 " V .

1 -7 9

6 .8

6 .6

6 .6

6 .6

6 .6

6 .9

7 .1

7 .3

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 .8

7 .0

7 .2

7 .5

7 .6

7 .8

7 .8

8 .3

8 .6

9 .0

8 .6

9 .1

9 .3

1 6 3 .8 1

3 -7 9

7 .0

6 .8

6 .9

6 .9

6 .9

7 .1

7 .3

7 .6

7 .7

7 .9

7 .9

8 .5

8 .9

8 .6

8 .9

9 .0

8 .8

4 -7 4

1 -7 5

*-75

3 -7 5

♦ rB

1-7*

Z - l*

3 -7 6

4 -7 6

1 -7 7

2-77

?-T2_ 4 - 7 7

1-70

2 -7 8

3 -7 8

4 -7 8

1 -7 9

* •0

1 3 8 .3 4

X

,

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

^

1 4 4 .8 2

6 .3

1 4 7 .0 5

.

0
0

.

_______________________________________________________________________ IN I T IA L QUARTER______________________
P - P R E L IM IN A R Y ___________________________________________________________________ _




1 5 0 .8 2
ns%
1 5 3 .4 5
1 5 6 .6 8

8 .4 ^
2 -7 9

___________

____________________________________________________ _

___

P R EPA R ED BY F ED ER A L R E S E R V E BANK OF S T .
OCTOBER 19* 1979

14

1 6 7 . 14P

IQ U 1 &

P ER SO N A L CONSUHPT1ON E X P E N D IT U R ES IN CURRENT DO LLARS

COMPOUNDED ANNUAL RATES OF CHANGE
______________________________________
IN IT IA L QUARTER

TERMINAL
QUARTER
4 -7 4
1 -7 5
z-T s

1-75

3 -7 5

2 -7 5

4 -7 5

1-7 6

2 -7 6

3 -7 6

4 -7 6

1-77

2 -7 7

3 -7 7

4 -7 7

B IL L IO N S OF
DOLLARS
ANNUAL RATES
1 -7 8

2 -7 8

3 -7 8

4 -7 8

1-7 9

2 -7 9

8 .8

93577"

“T Ö T T ~ Ï 3 7 F

3 -7 5

96479

11*5

1 2 .8

4 -7 5

11*5

12*4

12*1

11*6

1 -7 6

11*8

12 *6

12*5

12* 4

13*2

2 -7 6

11*2

11*6

11*3

10*8

10*5

7*8

3 -7 6

11*0

1 1 .4

11*1

10*7

10*4

9*1

10*4

12*6

994*0
1 ,0 2 1 * 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

11*2

11*0

10*8

10*0

11*2

12*0

1 -7 7

1 1 .4

1 1 .8

11*6

11*4

11*4

10*9

12*0

12*9

13*8

2 -7 7

11*0

1 1 .3

11*1

1 0 .9

10*7

10*2

10*9

11*1

10*6

7*5

3 -7 7

11*0

1 1 .2

1 1 .0

1 0 .8

10 *7

10*3

10*8

10*9

10*6

9*0

10*5

4 -7 7

11*2

1 1 .4

1 1 .3

1 1 .1

1 1 .0

1 0 .7

1 1 .2

11*4

1 1 .3

10*5

12*0

1 3 .4

1 -7 8

11*0

1 1 .2

1 1 .0

1 0 .9

1 0 .8

1 0 .5

1 0 .9

11*0

1 0 .8

10*1

1 1*0

1 1 .2

9*0

2 -7 8

11*3

1 1 .5

1 1 .3

1 1 .2

11*2

1 0 .9

1 1 .3

11*5

1 1 .4

1 0 .9

1 1 .8

1 2 .3

11*7

14*4

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

11*8

13*2

11*9

4 -7 8

1 1 .5

1 1 .7

1 1 .6

1 1 .5

11*5

1 1 .3

1 1 .7

11*8

1 1 .8

1 1 .5

1 2 .2

1 2 .6

12*4

13*5

13*1

14* 2

1 -7 9

1 1 .5

1 1 .7

1 1 .6

1 1 .5

11*5

1 1 .3

1 1 .7

11*8

1 1 .8

1 1 .5

1 2 .1

1 2 .4

12*2

1 3*0

12*5

12*8

11*4

2 -7 9

1 1 .2

1 1 .3

1 1 .2

1 1 .1

11*1

1 0 .9

1 1 .2

11*3

1 1 .2

1 0 .9

1 1 .3

1 1 .5

11*1

11*6

1 0* 9

10*5

8*7

6 *1

3 -7 9

1 1 .4

1 1 .5

1 1 .4

1 1 .4

11*3

1 1 .2

1 1 .5

11*6

1 1 .5

1 1 .3

1 1 .8

1 1 .9

11*7

12*1

1 1*7

11*6

10*8

10*5

15*1

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

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

2 -7 8

3 -7 8

4 -7 8

1 -7 9

2 -7 9

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

I N I T IA L QUARTER
P - PR ELIM IN ARY

PERSONAL CONSUMPTION EXPENDITURES IN 1972 OOLLARS
COMPOUNDED ANNUAL RATES OF CHANGE
TERMINAL
QUARTER

OOLLARS
ANNUAL RATES

IN IT IA 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

1 -7 5

2 .3

2 -7 5

4 .6

7 .0

3 -7 5

4*8

6 .C

5 .0

4 -7 5

5*1

6 .0

5 .5

6 *0

1 -7 6

5 .7

6 .6

6 .5

7 *2

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

4 .7

4 -7 6

5 .4

5*8

5*7

5*8

5*7

4 *8

5 .4

6*2

1 -7 7

5 .5

5 *9

5*7

5 *9

5*8

5*2

5 .7

6*2

6*3

2 -7 7

5 .1

5*4

5*2

5*3

5 *2

4*5

4 .7

4*7

4 *0

3 -7 7

5 .1

5 *4

5*2

5*2

5*1

4 *6

4*8

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*5

5*3

5 .0

6*6

8 .2

4*7

4*7

4 *4

3 .9

4*7

4 .4

4*3

4*9

4 *8

3*2

5 *6

4 .4

4*9

4*8

3 *7

5*2

7 5 7 .2
7 70 *2
779*7
791*1
8*4

807*3
814*5
824*0
836*4

1 -7 8

5 .0

5 *2

5*1

5*1

5*0

4 *6

2 -7 8

5 .1

5 *3

5 *1

5*1

5*1

4*7

4*8

4*8

4 *6

3 -7 8

5 .0

5*2

5*1

5*1

5*0

4*7

4*8

4*8

4*6

8 49*2
1 .8

853*1
863 *7
880*9
0*8

882*7
8 94 *8
4*8

905*3

4 -7 8

5 .1

5*3

5*2

5*2

5*2

4*9

5*0

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*6

4*4

4*2

4*5

4*4

3*7

4*4

4*0

3 *7

0 *7

2 -7 9

4 .4

4*6

4*4

4*4

4 *2

3*9

4*0

3*9

3*7

3*4

3*6

3*4

2 *6

2*9

2*3

1*4

-1 * 1

-2 .9

3 -7 9

4 .4

4*5

4* 4

4*4

4 *3

4 *0

4*0

3*9

3*7

3*5

3*7

3* 5

2*8

3* 2

2*7

2*2

0*7

0 .7

4*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

* -7 7

2 -7 7

? -T 7

4 -7 7

L - I S _ . 2 -7 8

3 -7 8

*“ 78

i- 7 9

2 -7 *

__________________

920*3
9 21 *8
9 15 *0
924*8P

_______ ________________________________ I N IT IA L QUARTER

P - PRELIM INARY




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 *
OCTOBER 1 9 , 1979

15

L O U IS

GROSS P R IV A T E OOHESTIC INVESTM ENT

IN CURRENT DO LLARS

COMPOUNDED ANNUAL RATES OF CHANGE
_________ ___________________
I N IT IA L QUARTER

___________
TERMINAL
4 -7 4

1 -7 5

2 -7 5

1 -7 5

- 3 0 .7
-2 .3

3 5 .4

-3 .1

2 0 .1

3 5 .4

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

9 4 .1

4 -7 5

1-7 6

-5 .5

3 -7 5

4 -7 5

—
49* 1

2 -7 5

3 -7 5

B IL L IO N S OF
OOLLARS

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

T Ö 3 .9 -

1 -7 6

8 .7

3 1 .4

4 6 .7

2 7 .5

7 2 .0

2 -7 6

9 .7

2 8 .0

3 8 .1

2 3 .2

4 0 .7

1 5 .2

3 -Ï6

9 .3

2 4 .2

3 1 .2

1 9 .0

2 8 .4

1 1 .0

4 -7 6

9 .2

2 1 .7

2 7 .0

1 6 .6

2 3 .0

9 .9

7 .4

7 .9

1 -7 7

1 3 .6

2 5 .6

3 0 .8

2 2 .5

2 9 .0

2 0 .1

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

3 -7 7

1 5 .9

2 5 .8

2 9 .9

2 3 .6

2 8 .4

2 2 .3

2 3 .7

2 8 .3

3 6 .0

2 6 .8

22*6

4 -7 7

1 4 .6

2 3 .4

2 6 .8

2 0 .9

2 4 .7

1 9 .1

1 9 .7

2 2 .5

2 6 .4

1 7 .7

1 1 .6

1 .5

1 -7 8

1 4 .5

2 2 .5

2 5 .5

2 0 .1

2 3 .4

1 8 .3

1 8 .8

20 .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

18*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 8 .3

18*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

_ 2 3 3 .r ~
2 4 1 .9
7 .0

2 4 6 .0
2 5 0 .7
2 8 0 .4
3 0 0 .0
3 1 5 .7
3 1 6 .9
327 .0
35273
3 5 6 .2

1 5 .2

2 1 .6

2 3 .9

1 9 .7

2 2 .0

1 -7 9

1 4 .5

2 0 .4

22*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

1 8 .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 .0

1 9 .2

2 0 .9

1 7 .3

1 9 .0

1 6 .0

1 6 .0

1 6 .8

1 7 .7

1 4 .4

1 2 .6

1 1 .4

1 2 .9

1 2 .9

8 .9

1 0 .1

7 .8

1 0 .0

-3 .3

4 —74*

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

3 7 0 .5
373 .8
3 9 5 .4
3 9 2 . IP

I N I T I A L QUARTER
P - PR ELIM IN A R Y
GROSS PRIVATE DOMESTIC INVESTMENT IN 1972 DOLLARS
COMPOUNDED ANNUAL RATES OF CHANGE
OOLLARS
ANNUAL RATES

IN I T IA L QUARTER

TERMINAL
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

1 -7 9

2 -7 9
_ 134T T "

1 -7 5

-6 1 .3

2 -7 5

- 3 8 .9

-3 .8

3 -7 5

-1 3 .0

3 0 .4

1 3 3 .3
76 . 8

1 5 3 .7
1 4 8 .9

4 -7 5

- 1 2 .7

1 4 .4

2 4 .8 - 1 1 . 9

1 -7 6

-0 .3

2 6 .2

3 8 .2

2 2 .2

6 9 .5

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 .5

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

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

3 9 .7

2 -7 7

6 .5

1 9 .1

2 2 .4

1 6 .1

2 1 .6

1 3 .8

1 4 .8

1 9 .9

2 9 .1

3 -7 7

7 .2

1 8 .7 “ 2 T . i>

1 6 .0

2 0 .6

1 4 .0

1 4 .9

1 8 .7

4 -7 7

6 .0

1 6 .1

1 8 .3

1 3 .2

1 6 .8

1 0 .7

1 0 .9

1 3 .0

1 -7 8

6 #4

1 5 .8

1 7 .8

1 3 .1

1 6 .3

1 0 .9

1 1 .1

2 -7 8

7 .1

1 5 .8

1 7 .6

1 3 .3

1 6 .2

1 1 .4

1 1 .7

3 -7 8

6«2

1 4 .2

1 5 .7

1 1 .7

1 4 .1

9 .7

4 -7 8

6 .2

1 3 .6

1 5 .0

iÜ 3 ~ T F . 4

9 .4

1 -7 9

5 .8

1 2 .7

1 3 .9

1 0 . 4~ 1 2 .3

8 .5

8 .4

9 .2

9 .9

6 .6

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

3 -7 9

4 .9

1 0 .9

1 1 .8

8 .7

1 0 .2

6 .8

6 .6

7 .1

4 -7 4

1-75

2 -7 5

3 -7 5

4 -7 5

1 -7 6

2 -7 6

3 -7 6

1 9 .3

199 76

2 4 .2

1 7 .1

Y 0 6 .7

1 5 .5

8 .5

3 .4

-7 .0

1 2 .9

1 4 .9

9 .4

6 .3

2 .2

1 2 .4

1 3 .3

1 5 .0

1 0 .7

8 .6

6 .6

1 4 .1

1 5 .8

9 .7

1 0 .8

1 1 .9

7 .9

5 .7

3 .5

7 .3

4 .8

-5 .1

9 .4

1 0 .3

1 1 .2

7 .7

5 .9

4 .1

7 .T

5 .4

0 .6

6.5^

4 .9

3 .4

5 .6

3 .9

0 72

3.0~

6 .8

5 .4

4 .1

6 «1

4 .8

2 .3

4 .8

4 .0

8 .5

7 .5

4 .7

3 .2

1 .8

3 .1

1 .7

-1 .0

0 .1

- 2 .0

-2 .7

- 1 2 .9

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 5 .0

2 0 3 .0
~~2C970~
2 1 6 .8
214 .0
217 •
2 1 7 .2

-0 .4

2 2 1 .7
2 Ï 4 .2 P

I N I T IA L QUARTER
P - PR ELIM IN AR Y




PREPARED BY FEDERAL RESERVE B A *
OCTOBER 19*

16

1979

&

ST.

LOUIS

GOVERNMENT P URCH A SES OF GOODS AND S E R V IC E S

______________ _
TERMINAL

4 -7 4

IN CURRENT D O LLA RS

COMPOUNDED ANNUAL RATES OF CHANGE

_______ ___________________ _ __________________________ ___________________ _______________ ___
_

BILLIONS O
F
DO
LLARS

I N I T IA L QUARTER

1 -7 5

2 -7 5

3 -7 5

4 -7 5

1 -7 6

2 -7 6

3 -7 6

1 -7 7

4 -7 6

1 -7 5
2 -7 5

1 0 .8

*<>•?

3 -7 5

1 0 .5

10 .3

10*7

1 0 .7

1 0 .6

1 -7 6

9 .4

9 .0

8 .4

7 .7

8*2

7 .7

7 .0

6 .0

3 .4

7 .9

7 .4

6 .7

5 .9

4 .2

4 .2

8 .0

7 .6

7 .1

6 .5

5 .3

5 .7

7 .3

8*3

8 .0

7 .6

7 .2

6 .4

7 .0

8 .5

9 .9

8 .1

9 .5

1 0 .9

11*8

1 -7 9

2 -7 9

1 0 .9

7 .5

4 -7 8

9 .0

1 -7 7

3 -7 8

5 .6

4 -7 6

2 -7 8

2 .7

3 -7 6

1 -7 8

4 .2

2 -7 6

4 -7 7

3 -7 7

9 .9

4 -7 5

2 -7 7

10 .9

3 2 5 .8

.

..
.
.

3 3 4 .2
3 4 2 .2

1 1 .3

3 5 1 .5
3 5 5 .1
3 5 7 .5
3 6 2 .4
3 7 0 .3
3 8 0 .0

2 -7 7

8 .8

8 .5

8 .2

8 .0

3 -7 7

8 .8

8 .6

8 .4

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 .8

8 .7

8 .4

9 .0

1 0 .1

1 1 .0

1 1 .5

1 1 .7

1 1 .1

1 2 .9

1 -7 8

8 .9

8 .8

8 .6

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 .6

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 .9

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

1 2 .3

1 1 .1

1 2 .3

1 2 .2

1 2 .8

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

4 -7 8

9 .3

9 .2

9 .1

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 -7 9

9 .1

9 .0

8 .9

8 .8

8 .6

9 .0

9 .6

1 0 .0

1 0 .1

1 0 .0

9 .6

9 .7

9 .1

9 .7

1 0 .0

8 .9

5 .7

2 -7 9

8 .9

8 .8

8 .7

8 .6

8 .4

8 .8

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

8 .9

8 .8

8 .7

8 .6

8 .4

8 .7

9 .2

9 .5

9 .6

9 .4

9 .1

9 .0

8 .5

8 .8

8 .9

8 .0

6 .6

7 .1

8 .5

4 -7 4

1 -7 5

2 -7 5

3 -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 8

2 -7 8

3 -7 »

4 -7 8
«

1 -7 9

2 -7 9

4 5 3 .8
4 6 0 .1
4 6 6 .6
4 7 6 . 2P

IN I T IA L QUARTER
P t PR ELIM IN ARY
GOVERNMENT PURCHASES OF GOODS ANO S ER V IC ES IN 1972 OOLLARS
COMPOUNDED ANNUAL RATES OF CHANGE

BfUURti Of
4 -7 4
1 -7 5

DOLLARS
A N IM A L RATES

IN IT IA L QUARTER

TERMINAL
QUARTER
1-7 5

2 -7 5

3 -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 8

2 -7 8

3 -7 8

4 -7 8

1 -7 9

2 -7 *
2 5 9 .3

1*6

2 6 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 .9

1 -7 6

2 .0

2 .1

1 .6

0 .7

2 -7 6

1 .2

1 .1

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

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

-1 .5

2 6 2 .9
2 6 2 .7
- 0 .2

262*6

1 -7 7

1 .1

1 .0

0 .6

0 .2

— .4
0

- 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

4 -7 7

1 .7

1 .7

1 .5

1 .3

1 .1

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

2 6 4 .5
2 6 7 .6
2 7 0 .3
2 7 1 .5
2 7 0 .7
2 7 1 .3

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

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 .1

1 .1

1 .0

0 .8

0 .7

0 .8

1 .1

1 .2

1 .4

1 .2

0 .8

0 .4

0 .2

0 .5

0 .4

-0 .8

—1.6

-1 .5

4 -7 4

1 -7 5

* -7 5

?-7 5

4 -7 5

1 -7 *

.2=26.

1-77 2-77

? -7 7

3 - ia .

*-78

1-7? 2-7?..

* -7 *

..

*-77 1-79 .2r?i

2 7 4 .7
2 7 6 .0
2 7 4 .7

-1 .9

2 7 2 .4
0 .3

2 7 2 .6 P

____________________________ ___________________________________________I N I T IA L QUARTER
P - PR ELIM IN ARY




__________________________________________________________________
P R E P A R E D BY F E D E R A L R E SE R V E I M K
OCTO BER 1 9 , 1979

17

OF S T . L O U IS

D IS P O S A B L E PERSO NAL INCOME IN CURRENT DOL ì à r *
COMPOUNDED ANNUAL R A T E S OF CHANGE

TERMINAL
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 5

1 6 .1
11*2

1 5 .1

1 0 .8

1 3 .3

5 .7

1 0 .6

1 2 .4

7 .0

9 .7

9 .9

11*1

6 .9

8 .6

8 .0

2 -7 7

3 -7 7

DOLLARS
ANNUAL RATES
4 -7 7

1 -7 8

2 -7 8

3 -7 8

4 -7 8

1 -7 9

2 -7 9

9 .7

2 -7 6

1 -7 7

9 .6

1 -7 6

4 -7 6

1 .9

4 -7 5

3 -7 6

3 0 .1

3 -7 5

2 -7 6

3 .7

2 -7 5

1 -7 6

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

9 .6

1 0 .6

7# 1

8 .0

7 .2

8 .1

4 -7 6

9 .7

1 0 .6

7 .6

8 .8

8 .6

8 .2

9 .2

1 0 .3

1 -7 7

9 .6

1 0 .4

7 .9

8 .9

8 .7

8 .5

9 .2

9 .8

9 .3

2 -7 7

9 .9

10*6

8 .4

9 .3

9 .3

9 .2

9 .9

1 0 .5

1 0 .6

1 2 .0

3 -7 7

1 0 .1

1 0 .7

8 .8

9 .7

9 .7

9 .7

1 0 .3

1 0 .9

1 1 .1

1 2 .0

1 2 .1

4 -7 7

10 .2

1 0 .9

9 .1

9 .9

1 0 .0

1 0 .0

1 0 .6

1 1 .1

1 1 .3

1 2 .0

1 2 .0

1 2 .0

1 -7 8

1 0 .2

1 0 .8

9 .2

1 0 .0

1 0 .0

1 0 .0

1 0 .6

1 1 .0

1 1 .1

1 1 .6

1 1 .5

1 1 .1

1 0 .3

2 -7 8

1 0 .4

1 0 .9

9 .5

1 0 .3

1 0 .3

1 0 .8

1 1 .2

1 1 .4

1 1 .8

1 1 .8

1 1 .7

1 1 .5

3 -7 8

1 0 .5

1 1 .0

9 .6

1 0 .3

1 0 .4

1 0 .4

1 0 .9

1 1 .2

1 1 .4

1 1 .7

1 1 .7

1 1 .6

1 1 .5

1 2 .0

1 1 .4

4 -7 8

1 0 .7

1 1 .2

9 .9

10*6

1 0 .6

1 0 .7

1 1 .2

1 1 .5

1 1 .7

1 2 .0

1 2 .0

1 2 .0

1 2 .0

1 2 .6

1 2 .5

N
•
O

3 -7 6

00
•
>

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

1 ,4 3 7 . 3
1 ,4 7 6 . 5
1 3 .7

1 ,5 2 4 .8

1 -7 9

10*8

1 1 .3

1 0 .1

1 0 .7

10 .8

1 0 .9

1 1 .3

1 1 .7

1 1 .8

1 2 .1

1 2* 2

1 2 .2

1 2 .2

1 2 .7

1 2 .7

1 3 .4

13 .0

2 -7 9

1 0 .6

1 1 .1

1 0 .0

1 0 .5

1 0 .6

1 0 .7

1 1 .0

1 1 .3

1 1 .4

1 1 .6

1 1 .6

1 1 .5

1 1 .5

1 1 .7

1 1 .4

1 1 .5

1 0 .3

7 .7

3 -7 9

1 0 .6

1 1 .0

9 .9

1 0 .4

1 0 .5

1 0 .6

1 0 .9

1 1 .1

1 1 .2

1 1 .4

1 1 .3

1 1 .2

1 1 .1

1 1 .2

1 1 .0

1 0 .9

9 .9

8*4

4 -7 4

1 -7 5

* 715

3 -7 5

4 -7 5

..At**.. 2-7*

3 -7 6

*-7$

1-77

2 -7 7

3 -7 7

4 -7 7

1=23- 2-7«

>-7* 4-78

1 ,5 7 2 .2

1 -7 9

1 ,6 0 1 .7
9 .1

1 » 6 3 6 .9 P

2—
7?

---:__________________________________________________________Ef iT IA i WÄRTER
P - PR ELIM IN AR Y

D ISPO SABLE PERSONAL INCOME IN 1972 DOLLARS_____________
______
COMPOUNDED ANNUAL RATES OF CHANCE
_________________________________________________________________________________
B IL L IO N S OF
TERMINAL
I N I T I A L QUARTER
DOLLARS
Q U A R T » ______________________________ ___________________________________________________________________________________________________________ AN f UAW RATE?
4 -7 5
4 -7 4
1 -7 5 2 - 7 5
3 -7 5
3 -7 6
4 -7 6
1 -7 7 2 -7 7
1 -7 6 2 -7 6
3 -7 8
1 -7 9 2 - 7 9
3 -7 7 4 - 7 7
1 -7 8
2 -7 8
4 -7 8
1 -7 5

-2 .5

2 -7 5

9 .6

2 3 .1

3 -7 5

4 .5

8 *2

-4 .9

4 -7 5

4 .4

6 .8

-0 .5

4 .0

1 -7 6

4 .6

6 .4

1 .4

4 .7

5 .3

2 -7 6

4 .2

5 *5

1 .6

3 .8

3 .7

2 .1

3 -7 6

3 .9

5 *0

1 .8

3 .5

3 .3

2 .3

2 .6

4 -7 6

4 .0

5 .0

2 .2

3 .7

3 .6

3 .1

3 .5

1 -7 7

3 .8

4 .6

2 .2

3 .4

3*3

2 .8

3 .1

3 .3

2 .1

2 -7 7

4 .0

4 .8

2 .7

3 .8

3 .8

3 .5

3 .8

4 .2

4 .1

6 .1

3 -7 7

4 .2

4 .9

3 .1

4 .2

4 .2

4 .0

4 .4

4 .8

4 .9

6 .3

6 .6

4 -7 7

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 -7 8

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 -7 8

4 .3

4 .8

3 .4

4 .2

4 .2

4 .1

4 .3

4 .6

4 .6

5 .1

4 .8

4 .3

3 .0

3 -7 8

4 .3

4 .8

3 .5

4 .2

4 .2

4 .1

4 .3

4 .5

4 .5

4 .9

4 .7

4 .3

3 .4

4 .1

4 .2

4 -7 8

4 .4

4 .9

3 .7

4 .4

4 .4

4 .3

4 .5

4 .7

4 .8

5 .2

5 .0

4 .7

4 .2

4 .9

5 .3

6. 4

1 -7 9

4 .2

4 .7

3 .6

4 .2

4 .2

4 .1

4 .3

4 .5

4 .5

4 .8

4 .2

3 .7

4 .2

4 .2

4 .2

2 .1

2 -7 9

3 .9

4 *3

3 .2

3 .8

3 .8

3 .7

3 .8

3 .9

3 .9

4 .1

3 .8

3 .4

2 .9

3 .0

2 .8

2 .3

0 .3

-1 .4

3 -7 9

3 .7

4 .0

3 .0

3 .5

3 .5

3 .3

3 .4

3 .5

3 .4

3 .5

3 .3

2 .8

2 .3

2 .3

2 .0

1 .4

- 0 .2

-1 .3

4 -7 4

1 -7 5

2 -7 5

3 -7 5

4 -7 5

*-7*

2 -7 6

3 -7 6

4 -7 6

4 -7 7

*-77

?-77

*-77

l-7fi_ 2 -7 8

?-78

8 2 9 .8
8 7 4 .1
8 6 3 .1
8 7 1 .7
8 8 3 .1
8 8 7 .7
8 9 3 .4
9 0 3 .3

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

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

4 .0

9 7 6 .2
9 9 1 .5
9 9 6 .6
9 9 3 .0
- l. l

9 9 0 . 3P

4 -7 8 .Ar22_ 2 - 7 9

_______________________________________________ ________________________I N I T I A L QUARTER
P - PRELIM IN ARY__________________




PR E P A R E D BY FED E R A L R E S E R V E BANK OF S T .
OCTOBER 1 9 , 1979

18

L O U IS

CORPORATE P R O F IT S A FTER TAXES ♦
COHPOUNOED ANNUAL R A T ES OF CHANGE
T ÉRH INAL

I
3 -7 4

¡-w o

4 -7 4

1 -7 5

2 -7 5

3 -7 5

4 -7 5

1 -7 6

2 -7 6

n it ia l

3 -7 6

DOLLARS

quarter

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

-3 2 .2

“ 73

1-7 5

- 4 6 .8

2 -7 5

- 2 6 .0 -2 2 .8

- 5 8 .2

5 9 .1
4 2 .8

6 4 .6

3 -7 5

- 3 .6

8 .4

7 4 . 6 1 1 3 .6

4 -7 5

-0 .7

9 .3

5 0 .5

5 4 .5

1 1 .8

1 -7 6

8 .1

1 8 .6

5 4 .0

5 7 .9

3 5 .8

2 -7 6

7 .3

1 5 .8

4 2 .0

4 1 .8

2 3 .7

3 0 .1

2 .7

3 -7 6

7 .1

1 4 .3

3 5 .2

3 3 .7

1 9 .0

2 1 .5

4 .2

5 .8

4 -7 6

6 .4

1 2 .6

2 9 .7

2 7 .7

1 5 .2

1 6 .1

3 .2

3 .5

1 -7 7

8 .4

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

9 .4

1 4 .8

2 8 .4

2 6 .7

1 7 .6

1 8 .6

1 1 .0

1 3 .2

1 5 .8

2 3 .8

1 9 .4

1 1 .5

1 3 .4

1 5 .4

2 0 .5

1 6 .8

1 4 .2

1 1 .5

1 2 .7

1 5 .8

1 1 .9

8 .3

2 .6

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

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

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

3 -7 7

9 .8

1 4 .7

2 6 .9

2 5 .2

17

*2

1 8 .0

4 -7 7

9 .2

1 3 .7

2 4 .5

2 2 .8

1 5 .4

1 5 .9

1 0 .2

1-7 8

8 .2

12 . 2

2 1 .8

2 0 .0

1 3 .3

1 3 .5

8 .3

9 .1

9 .7

1 1 .4

7 .6

3 .9

-0 .9

-4 .4

2 -7 8

1 1 .6

1 5 .7

2 5 .1

2 3 .7

1 7 .7

1 8 .4

1 4 .1

15 .6

1 7 .1

1 9 .9

1 8 .3

1 8 .0

1 9 .3

2 8 .7

7 3 .2

3 -7 8

1 1 .4

1 5 .1

2 3 .8

2 2 .4

1 6 .8

1 7 .3

1 3 .4

1 4 .7

1 5 .8

1 8 .0

1 6 .4

1 5 .8

1 6 .2

2 1 .2

3 6 .4

4 -7 8

1 2 .2

1 5 .8

2 4 .0

2 2 .7

17^

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 3 .3

1 6 .8

2 4 .5

2 3 .4

1 8 .6

1 9 .2

1 6 .0

1 7 .3

1 8 .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

3 2 .7

2 -7 9

1 2 .1

1 5 .3

2 2 .4

2 1 .2

16*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 4

4 -7 4

4 -7 5

2 -7 5

? -7 5

4 -7 5

4 -7 6

2 -7 6

3 -7 6

4 -7 6

1 -7 7

4 -7 8

1-7*

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

7 .4

1 3 2 .3
1 4 2 .0
1 3 9 .3
N.Â.

3-79

...ir li— ?-77

4 -7 7 _l= 7fi__ 2-7*

_

I N I T I A L QUARTER
* NATIONAL INCOME B A S IS
N.A.-HOT AV AIU PIB___,
PREPARED B Y FEDERAL RESERVE BANK OF S T . LO UIS
OCTOBER 1 9 , 1979

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

I N V E N T O R I E S COMPARED WI TH MONTHLY S A L E S *
M A N U F A C T U R IN G AND T R A
72

.6 8

68

. 64

64

.60

60

.56

56

.52

52

. 48

48

44

40

.40

36
1

1

1

1

1970

197 1

1972

1

* RAT I OS BASED ON SEASONALLY ADJUSTED DATA.

1

SOURCE:

1977

1978

1979

U . S . DEPARTMENT OF COMMERCE

SHADED AREAS REP RESENT PERI ODS OF B U S I N E S S RE C E S S I ONS .
LATEST

DATA PLOTTED:




AUGUST PR E LI MI NARY
PREPARED BY FEDERAL

20

RESERVE

BANK OF ST,

L OUI S

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