Full text of Bureau of Economic Analysis (BEA) News Releases : Composite Index of Leading Indicators: December 1974, BEA 75-06

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

UNITED

STATES

DEPARTMENT

OF
S o c ia l a n d E c o n o m ic
S t a t is t ic s A d m in is t r a t io n

BU REA U OF
ECO N O M IC A N A LYSIS
a

B a g

»

W

~

~

FO R R E L E A S E : 1 0 : 0 0
Ja n u a r y 2 9 , 1 9 7 5

Fe l i k s Tamm:

( 301)

WA SH IN GT O N , D.C.

20230

A .M .

763- 7614

BEA 75 - 0 6

COMPOSI TE I NDEX OF LEADI NG I NDI CATORS:

DECEMBER 1 9 7 4

The c ompos i t e i n d e x of l e a di ng i ndi c a t or s de c l i n e d 2 . 4 pe r c e nt i n
De c e mbe r , a nd now s t a nds at 1 6 0 . 3 ( 1 96 7=10 0) , a c c or di ng t o p r e l i mi n a r y da t a
r e l e a s e d t o d a y b y t he Bu r e a u of Ec onomi c Ana l y s i s , a n a ge nc y of t h e Comme r c e
De pa r t me nt ' s So c i a l a nd Ec onomi c St a t i s t i c s Admi ni s t r a t i on.
On t h e ba s i s of
mo r e c ompl e t e da t a , t he No v e mb e r i n de x h a s b e e n r e v i s e d t o 1 6 4 . 3 , 3 . 5 pe r c e nt
be l ow t he Oc t obe r f i gur e .
Si
i ni t i a l
pr i c e s ,
de bt )
or de r s
s howe d

x of ni ne i ndi c a t or s n o w a v a i l a bl e f or De c e mbe r ( a v e r a ge wor k we e k ,
c l a i ms f or une mpl oy me nt i ns ur a nc e , ne w or de r s f or dur a bl e s , s t oc k
i ndus t r i a l ma t e r i a l s pr i c e s , a nd c ha nge i n c ons ume r i ns t a l l me nt
s howe d de c l i ne s f r o m No v e mb e r whi l e t hr e e of t he ni ne ( c ont r a c t s a nd
f or pl a nt a nd e qui pme nt , pr i c e - l a bor c os t r a t i o, a nd b u i l di ng pe r mi t s )
i nc r e a s e s .

The s e r i e s c ont r i but i ng mo s t t o t he de c l i ne i n t h e i n d e x wa s i ndus t r i a l
ma t e r i a l s pr i c e s .
Of t he s e r i e s wh i c h i nc r e a s e d, bui l di ng pe r mi t s h a d t he
l a r ge s t pos i t i v e i nf l ue nc e on t h e i nde x.
Mo r e da t a on t he c ompos i t e i n d e x of l e a di ng i ndi c a t or s a s we l l as
ot he r i mpor t a nt me a s ur e s of e c onomi c a c t i v i t y a ppe a r i n BUSI NESS CONDI TI ONS
DI GEST, a mo n t h l y pu bl i c a t i on of t he Bu r e a u of Ec onomi c Ana l y s i s .
It is
a v a i l a bl e f r o m t h e Supe r i nt e nde nt of Doc ume nt s , U. S. Gov e r nme nt Pr i n t i ng
Of f i c e , Wa s hi ngt on, D. C. 2 0 4 0 2 .
An nu a l s ubs c r i pt i on $5 5* 25 .

R a t io Sca le

1970

1971

1972

1973

1974

L e a d i n g I n d i c at or s

Co mp o s i t e I n d e x of

( 1967=100)

M o n t h ly
Year

Ja n .

Feb .

M ar .

A p ril

May-

1970
1971
1972
1973
1974

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

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

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

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

1 1 2 .6
12 4 .6
1 4 0 .5
1 6 2 .9
1 7 6 .0

Ye a r

Ja n .

Feb .

M ar .

A p ril

May

1970
1971
1972
1973
1974

- 1 .1

0 .4
1 .6
0 .6
1 .9
1 .4

- 1 .3
1 .7
2 .1
1 .6
1 .3

- 0 .1
1 .6
1 .2
- 1 .0
0 .5

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

Ju n e

Ju l y

Au g .

Se p t .

Oct .

Nov.

D ec.

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

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

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

1 1 3 .3
1 2 8 .1
1 4 7 .1
1 6 5 .1
r l7 2 .8

1 1 3 .3
1 2 8 .8
1 4 8 .8
1 6 6 .8
r l7 0 .2

1 1 3 .4
1 3 0 .1
1 5 1 .3
1 6 8 .1
r l6 4 .3

1 1 6 .9
1 3 1 .8
1 5 3 .5
1 6 5 .6
p l6 0 .3

Ju n e

Ju l y

Aug .

Se p t .

Oct .

Nov.

D ec.

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

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

- 0 .7
0 .4
2 .5
1 .0
- 0 .8

0 .0
0 .5
1 .2
1 .0
r - 1 .5

0 .1
1 .0
1 .7
0 .8
r - 3 .5

3 .1
1 .3
1 .5
- 1 .5
p - 2 .4

Pe r c e n t ch an g e

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

- 0 .4
1 .2
1 .3
- 1 .3
r - 3 .3

Q u art erly
Year

I

II

III

IV

1970
1971
1972
1973
1974

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

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

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

114- 5
1 3 0 .2
1 5 1 .2
1 6 6 .8
p l6 4 .9

Ye a r

I

II

1970
1971
1972
1973
1974

-1.6

-1.2

4 .6
3 .6
5 .0

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

140. 1

Pe r c e n t Ch ange

2.0

In d i c a t o r

III

IV

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

0 .6
2 .6
4 .5
0 .5
P- 6 . 9
No v.
In c r e a s e

4
to

D ec.
D e c r e as e

Sep .

Oct .

Nov.

D ec.

4 0 .0

4 0 .1

3 9 .5

P3 9 .4

X

346

396

p530

X

...................................

4 6 .4 0

4 5 .0 8

r 4 3 .0 8

C o n t r a c t s an d o r d e r s f o r p l a n t an d eq u i p m en t
($ b i l l i o n ) ..............................................................................

P3 8 .3 0

X

1 4 .3 1

1 3 .1 6

r l2 .3 6

p l 3 .5 2

X

r l2 0 .0

r l2 0 .8

r l 2 1 .5

p l2 2 .0

X

A v er ag e w o rk w eek (h o u r s )

..........................................................

^ I n i t i a l c l a i m s f o r u n em p lo ym en t i n s u r a n c e
(t h o u s an d s ) ..............................................................................
New o r d e r s f o r d u r a b l e s

Pr i c e - l a b o r c o s t r a t i o
St o c k p r i c e s

($ b i l l i o n )

(19 6 7 = 1 0 0 )

.......................................

(1 9 4 1 - 4 3 = 1 0 ) ........................................................

In d u s t r i a l m a t e r i a l s p r ic e s

(19 6 7 = 1 0 0 ) .............................

Bu i l d i n g p e r m i t s (19 6 7 = 1 0 0 )

450

6 8 .1 2

6 9 .4 4

7 1 .7 4

6 7 .0 7

X

2 1 4 .7

2 0 4 .4

1 9 6 .4

1 8 3 .4

X

....................................................

7 0 .9

6 7 .4

r 6 2 .9

p 6 9 .1

N et b u s i n e s s f o r m a t i o n (19 6 7 = 1 0 0 ) .......................................

1 1 0 .5

r l0 6 .9

p l0 7 .4

N .A .

Ch ang e i n b oo k v a l u e , m a n u f a c t u r i n g an d t r a d e
i n v e n t o r i e s (a n n . r a t e , $ b i l l i o n ) .................................

+ 6 3 .8

r + 7 1 .9

p+ 3 7 .2

N .A .

Ch ang e i n co n su m er i n s t a l l m e n t d eb t (a n n . r a t e ,
$ b i l l i o n ) ..................................................................................

8 .1 2

r + 4 .8 2

- 4 .8 0

e- 9 .6 0

C o r p o r at e p r o f i t s a f t e r t a x e s (an n . r a t e ,
$ b i l l i o n , q u a r t e r l y ) ............................................................
(# ) Se r i e s i n v e r t e d i n c a l c u l a t i n g t h e co m p o si t e i n d e x o f l e a d i n g i n d i c a t o r s :
i n s u r a n c e i s c o n s i d e r e d as an i n c r e a s e i n t h e s e r i e s .
p - p relim in ary,
r - r evised .
e - est im at ed .
N .A .

- not availab le.

X

N. A.
a d ecr ease i n

c l a i m s f o r u n em p lo ym en t

X