Full text of Business Conditions Digest : April 1971
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APRIL 1971
DATA THROUGH MARCH
UNITED STATES
PARTMENT OF
OMMERCE
UBLICATION
0
U.S.
DEPARTMENT
OF
COMMERCE
Bureau
of the
Census
BUSINESS
CONDITIONS
DIGEST
This report was prepared in the Statistical Indicators Division.
Technical staff and their responsibilities for the publication
are—
Feliks Tamm—Technical supervision and review,
Barry A, Beokman—Specifications for computer processing,
Morton Somer—Selection of seasonal adjustment
methods,
Betty F, Tunstall—Collection and compilation of basic
data. (Telephone 440-1596)
Editorial supervision is provided by Maureen Padgett of the
Administrative anc Publications Services Division.
The cooperation of various government and private agencies
which provide data is gratefully acknowledged. The agencies
furnishing data are indicated in the list of series and sources
at the back of this report.
This publication is prepared under the general guidance of
a technical committee established bv the Office of Management
and Budget, The committee consists of the following persons:
Julius Shiskin, Chairman
Office of Management and Budget
Murray F. Foss, Council of Economic Advisers, Executive
Office of the President
Edwin D. Goldfield, Bureau of the Census, Department of
Commerce
George Jaszi, Olficd of Business Economics, Department of
Commerce
Geoffrey H. Moore, Bureau of Labor Statistics, Department
of Labor
Kenneth Williams, Federal Reserve Board
U.S. DEPARTMENT OF COMMERCE
Maurice H. Stans, Secretary
Harold C. Passer, Assistant Secretary for Economic Affairs
BUREAU OF THE CENSUS
George Hay Brown, Director
Edwin D, Goldfield, Assistant Director
Benjamin D. Kaplan, Chief
Statistical Indicators Division
ABOUT THE REPORT
NATIONAL
INCOME AND
PRODUCT accounts summarize both receipts and
final expenditures for the
persona/, feus/ness, foreign, and government
sectors of the economy
and provide useful
measures of total
economic activity. The
total of the final
expenditures, which
equals the total of the
receipts, is known as
gross national product,
the most comprehensive single measure
of aggregate economic
output. GNP is defined
as the total market
value of the final output of goods and services produced by the
Nation's economy.
CYCLICAL
INDICATORS
are economic time
series which have been
singled out as/eaders, coinclders, or /aggers in relation to movements in
aggregate economic
activity. In this report,
the series on the
NB&R's list of cyclical
indicators are classified
by economic process
and by cyclical timing.
The$e indicators were
selected primarily on
the basis of their
cyclical behavior, but
they have also proven
useful in forecasting,
measuring, and
interpreting other
short-term fluctuations
in aggregate economic
activity.
ANT/C/PAT/ONS
AND
INTENTIONS data
provide information
on the plans of
businessmen and consumers regarding their
major economic activities in the near future.
This information is considered to be a valuable
aid to economic forecasting either directly
or as an indication of
the state of confidence
concerning the economic outlook. A
number of surveys by
various organizations
and government
agencies have been
developed in recent
years to ascertain
anticipations and
intentions. The results
of some of these
surveys, expressed as
time series, are
presented in this
report.
Subscription price, including supplements, is $15 a year ($3.75 additional for foreign mailing).
Single issues are $1,50.
Airmail delivery is available at an additional charge.
For
information about domestic or foreign airmail delivery, write to the Superintendent of
This monthly report brings together many of the economic time series found most useful by business analysts
and forecasters. Its predecessor, Business Cycte Developments, emphasized the cyclical indicators approach to the
analysis of business conditions and was based largely on
the list of leading, roughly coincident, and lagging indicators maintained by the National Bureau of Economic Research, Inc. Some other approaches commonly used by students of economic conditions include econometric models
and anticipations and intentions data. The econometric
model concept utilizes historical and mathematical relationships among consumption, private investment, government,
and various components of the major aggregates to generate
forecasts of gross national product and its composition.
Anticipations and intentions data express the expectations of businessmen and the intentions of consumers.
Most of the content of Bus/ness Cycle Developments has
been retained in this new report and additional data reflecting the emphasis of other approaches have been added to
make it more generally useful to those concerned with
an evaluation of current business conditions and prospects.
The use of the National Bureau's list of indicators and
business cycle turning dates in the cyclical indicators section of this report, as well as the use of other concepts, is
not to be taken as implying endorsement by the Bureau
of the Census or any other government agency of any particular approach to economic analysis. This report is intended only to provide statistical information so arranged
as to facilitate the analysis of the course of the Nation's
economy.
Almost all of the basic data presented in this report
have been published by their source agencies. A series
finding guide, as well as a complete list of series titles and
data sources, is shown at the back of this report.
Documents (address below), enclosing a copy of your address laoei. Mane checks payable
to the Superintendent of Documents, Send to U.S. Government Printing Office, Washington,
D.C. 20402, or to any U.S. Department of Commerce field office,
New Features and Changes for This Issue
iii
METHOD OF PRESENTATION
Seasonal Adjustments
MCD Moving Averages
Data Through March
Series ESI No. 71-4
„
Section B. Cyclical Indicators...4..
Section C. Anticipations and Intentions..,....,
Section D. Other Key Indicators
1971
....
1
l
..
1
1
„
Reference Turning Dates
Section A. National Income and Product.....
BUSINESS CONDITIONS DIGEST
APRIL
j
2
3
3
.„
Section E. Analytical Measures.;
3
Section F. International Comparisons
3
How to Read Charts,,,
4
f
How to Locate a Series
... 4
Summary of Recent Data and Current Changes
5
PART L CHARTS
NATIONAL INCOME AND PRODUCT
Al
A2
Gross National Product
National and Per$onal Income
A3
A4
A5
A6
Personal Consumption Expenditures....
Gross Private Domestic Investment
Foreign Trade
Government Purchases of Goods and Services
A7
AS
A9
Final Sales and Inventories
National Income Components
Saving
9
10
11
.... 12
13
14
15
16
17
CYCLICAL INDICATORS
Economic Process and Cyclical Timing
Employment and Unemployment
Production, Income, Consumption, and Trade
Fixed Capital Investment
Inventories and Inventory Investment..
Prices, Costs, and Profits
Money and Credit
18
21
23
26
28
30
.
Selected Indicators by Timing
Composite Indexes
NBER Short List
34
36
ANTICIPATIONS AND INTENTIONS
Aggregate Series
Diffusion Indexes
40
43
OTHER KEY INDICATORS
Foreign Trade
j
Balance of Payments and Major Components....
Federal Government Activities
Price Movements...
;
46
47
52
54
ANALYTICAL MEASURES
Actual and Potential Gross National Product
Analytical Ratios
Diffusion Indexes
Rates of Change
....:.
56
57
59
61
INTERNATIONAL COMPARISONS
jF'lJ
2_
Consumer Prices.*..,... .................................................................... .............. 62
Industrial Production...................................................................................63
Stock Prices.................................................................................................64
II.NATIONAL
Al
AMD PRODUCT
Gross National Product...............................................................................65
National and Personal Income............................................................... ..... 65
Personal Consumption Expend itures............................................................66
Gross Private Domestic Investment ..................... ............... ....................... 66
Foreign Trade............................................................. .................................. 67
Government Purchases of Goods and Services...............,............................67
Final Sales and Inventories..........................................................................67
National Income Components...................,..................................................67
Saving.........................................................................................................68
CYCLICAL GNDIOATOiS
Economic Process and Cyclical Timing
Employment and Unemployment................................................................ 69
Production, Income, Consumption, and Trade............................................ 71
Fixed Capital Investment.............................................................................. 72
Inventories and Inventory Investment.......................................................... 74
Prices, Costs, and Profits............................................................................ 75
Money and Credit..... ............................................. ................... ................. .. 76
Indicators by Timing
Composite Indexes..,.....,.............................................................................78
ANTICIPATIONS AND INTENTIONS
Aggregate Series.. .......... ..... .. ....... ., ......... ........ ..... . ........ ...... ....... ... ........ ...... 79
Diffusion Indexes...... ...... ............................................................................. 80
OTHEft KEY INDICATORS
Foreign Trade...............................................................................................82
Balance of Payments and Major Components........ ............... ... ............. ..... 83
Federal Government Activities. ...............................,.................................. 85
Price Movements ........ ...................................................................... .......... 86
ANALYTICAL MEASURES
Actual and Potential GNP...... ......... . ...... .. ............... ........... ..... .. ............... 87
Analytical Ratios.. ..................................................................................... 88
Diffusion Indexes................... .......... ............ ......... ....... .......... .. ........ ......... 89
Selected Diffusion Index Components ..... .................................................. 92
COMPARISONS
Fl
Consumer Prices.....................................„................................................. 98
Industrial Production.............................._......................,........................ 99
Stock Prices.....,.....,,................................................................................ 100
APPENDIXES
A. MCD and Related Measures of Variability (Not shown this month*
QCD and Related Measures of Variability (Not shown this month)
B. Current Adjustment Factors... .......... .... . .................. ...... ............. ....... 101
C. Historical Data for Selected Series......... .................. .............................102
D. Descriptions and Sources of Series (Not shown this month)
E. Business Cycle Expansions and Contractions in the United States:
1854 to 1961 (Not shown this month)
F. Specific Trough and Peak Dates for Selected Business Indicators ..... 112
Index— Series Finding Guide..................... ....................................................... 113
Titles and Sources for Series..........................................................................115
ii
NEW FEATURES
AND CHANGES
FOR THIS ISSUE
anges in this issue are as follows:
(
A limited number of
changes are made from
time to time to incorporate recent findings of economic
research, newly available time series, and
revisions made by
source agencies in
concept, compos/t/on,
comparability, coverage,
seasonal adjustment
methods, benchmark
data, etc. Changes may
1. The series on Commercial and industrial loans outstanding at
Bekly reporting banks (series 72) and on month-to-month changes in
tiese loans (series 112) ha,ve been revised for the period March 1969
j date. This revision reflects an adjustment of the data on business
Dans held by weekly reporting banks to include loans made by these
anks and subsequently sold, either to their ovn affiliates or to
snaffiliated investors. The addition of data on loans sold outright
D data on loans held by the banks results in a more accurate picture
C the commercial and industrial loan activity of weekly reporting
anks.
Further information concerning this revision may be obtained
rom the Banking Section of the Federal Reserve System*
In addition to the revision discussed above, monthly data on
aries 72 (total volume of commercial and industrial loans outstandng) is now shown, from July 1959 to date, as an average of the
mount outstanding as of each Wednesday of the month. Previously
lie monthly data for this series represented the amount outstanding
s of the last Wednesday of the month0 Data for the period prior to
lily 1959 continue to reflect the situation as of the last Wednesday
f the month.
2. Appendix C contains historical data for series 13, 15, 19
1967=100), 23, 29, 39, 40, 42, 43, 44, 67, 110, 132, 133, 135, 136,
37, 138, 142, 143, 145, U6, 147, 148, 625, 856, 857, 858, 859, D6,
nd D34.
tie May issue of BUSINESS CONDITIONS DIGEST is scheduled for release
n May 28.
iii
result in revisions of
data, additions or
deletions of series,
changes in placement of
series in relation to
other series, changes
in composition of
indexes, etc.
4 CENSUS PROJECTS on economic fluctuations
BUSINESS
DIGEST
CONDITIONS
LONG TERM
ECONOMIC GROWTH
DEFENSE INDICATORS
COMPUTER PROGRAMS
FOR TIME SERIES
ANALYSIS
A monthly report for
analyzing economic
fluctuations over a short
span of years.
This report brings together
approximately 600 monthly
and quarterly economic time
series in a form which is
convenient for analysts
whether their approach to
the study of current bus/ness
conditions and prospects is
the national income model,
the leading indicators,
anticipations and intentions,
or a combination of these.
Other types; of data such as
foreign trade, Federal government activities, and international comparisons of consumer prices, stock prices,
and industrial production are
included to facilitate a more
complete analysis.
Data are presented in charts
and tab/es, and appendixes
are included which provide
historical data, series descriptions, seasonal adjustment
factors, and measures of
variability. Also, a computer
tape containing data for
most of the series in the
report is available for purchase.
A report for the study of
economic fluctuations
over a long span of years,
1860-1965.
A monthly report for
analyzing the current and
prospective impact of
defense activity on the
national economy.
This report has been
developed from available
statistics to provide a comprehensive, long-range view
of the U.S. economy. It has
been planned, prepared, and
published as a basic research
document for economists,
historians, investors, teachers,
and students. It brings
together for the first time
under one cover, in meaningful and convenient form, the
complete statistical basis for
a study of long-term economic trends. It is a unique
presentation of the full range
of factors required for an
understanding of our
country's economic development. Some of the statistical
series go back to 1860. A
computer tape file of the time
series included in the report
is available for purchase.
This report brings together
the principal time series on
defense activities which
influence short-term changes
in the national economy.
These include series on
obligations, contracts, orders,
shipments, inventories,
expenditures, employment,
and earnings. The approximately 50 time series included
are grouped in accordance
with the time at which the
activities they measure occur
in the defense order-production-de/ivery process, Most
are monthly series, although
a few are quarterly. This
publication provides original
and seasonally adjusted basic
data in monthly, quarterly,
and annual form. Charts and
analytical tables are Included
to facilitate interpretation.
IV
The source statements for
FORTRAN IV programs which
are used by the Bureau in
its analysis of time series
are available from the Bureau
on a single computer tape.
SEASONAL ADJUSTMENT
PROGRAMS.—Two variants
of the Census computer
program for measuring and
analyzing seasonal, tradingday, cyclical, and irregular
fluctuations and the relations
among them. They are particularly useful in analyzing
economic fluctuations which
take place within a year. The
X-ll variant is used for
adjusting monthly data and the
X-11Q for quarterly data.
These programs can make additive as well as multiplicative
adjustments and compute
many summary and analytical
measures of the behavior
of each series.
DIFFUSION INDEX
PROGRAM.—A computer
program for computing diffusion indexes, cumulated
diffusion indexes, and
summary measures of the
properties of each index.
METHOD OF PRESENTATION
THIS REPORT is
Into six major
subject sections, as follows:
A,
B.
G.
D.
E.
F.
National Income and Product
Cyclical indicators
Anticipations and intentions
Other Key indicators
Analytical Measures
international Comparisons
Each of these sections is described briefly
In this introduction. Data'for each of the
above sections are shown both an Part I
(charts) and in Part IS (tables) of the report, Most charts begin with 1950 (except
in section C where they begin with 1957);
the tables contain
for only the last
few years. Except for section F, most
charts contain shading which indicates
periods of recession in general business
activity.
in addition to the charts and tables described above,1 someJssue.s contain a summary table which shows the current behavior of many of the series, and several
appendixes which present historical data,
series descriptions, seasonal adjustment
factors, and measores ©f variability. An
index appears at the back of eaclh issue.
It should be noted that the series mumbers
used are for identification purposes only
and d© not reflect relationships or order.
Seasonal Adjustments
Adjustments for average seasonal fluctuations are often necessary to bring out the
underlying trends of time series. Such adjustments allow for the effects of repetitive
intrayear variations resulting primarily
from normal differences in weather conditions and from various institutional arrangements. Variations attributable to
holidays are usually accounted for by the
seasonal adjustment process; however, a
separate holiday adjustment is occasionally required for holidays with variable
dates, such as Easter. An additional adjustment is sometimes necessary for series which contain considerable variation
due to the number of working or trading
days in each month. As used in this report,
the term "seasonal adjustment" includes
trading-day and holiday adjustments where
they have been made.
Most of the series in this report are presented in seasonally adjusted form and,
in most cases, these are the official figures
released by the source agencies. However,
for the special purposes of this report, a
number of series not ordinarily published
in seasonally adjusted form are shown here
on a seasonally adjusted basis.
MCD Moving Averages
Month-to-month changes in a series are
often dominated by erratic movements.
MCD (months for cyclical dominance) is
an estimate of the appropriate span over
which to observe cyclical movemenits in a
monthly series. (See appendix A.) It is the
smallest span of months for which the
average change in the cyclical factor is
greater than that in the irregular factor.
The more erratic a series is, the larger the
MCD will be; thus, MCD is 1 for the smoothest series and 6 for the most erratic. MCD
moving averages (that is, moving averages
of the period equal to MCD) tend to have
about the same degree of smoothness for
all series. Thus, a 5-term moving average
of a series with an MCD of 5 will show its
cyclical movements about as clearly as the
seasonally adjusted data for a series with
an MCD of 1.
The charts for sections B and D include
centered MCD moving averages for all
series with an MCD greater than 4. The
seasonally adjusted data are also plotted
to indicate their variation about the moving averages and to provide observations
for the most recent months.
Reference Turning
The historical business cycle turning dates
used in this report are those designated
by the National Bureau of Economic Research, Inc. (NBER). They mark the approximate dates when, according to the
NBER, aggregate economic activity reached
its cyclical high or low levels. As a matter
of general practice, neither new reference
turning dates nor the shading for recessions will be entered on the charts until
after both the new reference peak and
the new reference trough bounding the
shaded area have been designated. This
policy is followed because of the conceptual and empirical difficulties of designating a current recession and the practical difficulties of terminating the shading
of a current recession without including
part of a new expansion.
SECTION A
NATIONAL
INCOME AND
PRODUCT
The national income and product accounts,
compiled by the Office of Business Economics (OBE), summarize both receipts
and final expenditures for the personal,
business, foreign, and government sectors
of the economy and provide useful measures of total economic activity. The total
of the final expenditures (including additions to business inventories), which
equals the total of the receipts (mainly
incomes), is known as gross national
product (GNP). GNP is defined as the
total market value of the final output of
goods and services produced by the Nation's economy. It is the most comprehensive single measure of aggregate economic output.
Gross national product consists of four
major components: (1) Personal consumption expenditures, (2) gross private domestic investment, (3) net exports of goods
and services, and (4) government purchases of goods and services.
Personal consumption expenditures is the
market value of goods (durable and nondurable) and services purchased by individuals and nonprofit institutions and the
value of food, clothing, housing, and finan-
cial services received by them as income
in Kind. The total purchase cost is covered,
including sales taxes. Home purchases are
excluded, but the estimated rental value
of owner-occupied homes is included.
Gross private domestic investment combines gross fixed investment and net
changes in business inventories. Fixed investment consists of producers' durable
equipment and private (as opposed to
government) structures, including owneroccupied residential units. The estimates
are gross in the sense that there is no
deduction for capital consumption. The
inventory component measures the change
in the physical volume of inventories valued at current replacement cost.
Net exports of goods and services measures
the excess of exports over imports of goods
and services. Exports include both domestic output sold abroad and the contribution to production abroad made by U.S.owned resources. Imports include both
U.S. purchases of foreign output and the
contribution made to production in the
United States by foreign-owned resources.
More detail on U.S. balance of payments
is provided in section D.
Government purchases of goods and services includes general government expenditures for compensation of employees, net
purchases from business and from abroad,
payments to private nonprofit institutions
for research and development, and the
gross fixed investment of government enterprises. Not included are current outlays
of government enterprises, acquisitions of
land, transfer payments, subsidies, loans,
and interest payments to domestic creditors.
A breakdown of the goods portion of GNP,
covering durable and nondurable goods
and both final sales and changes in business inventories, is also included in section
A. Other major aggregates taken from the
national income and product accounts are
described below.
National income is the total earnings arising from the current production of goods
and services and accruing to the labor and
property employed in production. The components of national income are compensatipn of employees, proprietors' income,
rental income of persons, corporate profits
and the inventory valuation adjustment,
and net interest.
Persona/ income measures the current incorrte of individuals, owners of unincorporated businesses, nonprofit institutions,
private trust funds, and private health and
welfare funds. It consists of wage and salary disbursements, other labor income,
proprietors' income, rental income of persons, dividends, personal interest income,
and transfer payments to persons, less
personal contributions for social insurance.
Disposable personal income is the personal
income available for spending or saving.
It consists of personal income less personal taxes and other nontax payments
to general government.
Gross saving represents the difference
between income and spending during an
1
accounting period, It is the total of personal
saving, undistributed corporate profits,
corporate inventory valuation adjustment,
the excess of wage accruals over disbursements (usually negligible), government
surplus or deficit, and capital consumption
allowances.
Most of the series in this section are on
a current-dollar basis, but some are shown
on a constcint (1958) dollar basis so that
the effects of price changes are eliminated.
The implicit price deflator (computed by
dividing the current-dollar data by the constant-dollar data) for total GNP is also
shown.
SECTION B
CYCLICAL
INDICATORS
The business cycle is generally described
as consisting of alternating periods of expansion and contraction in aggregate economic activity; that is, the complex of activities represented by such concepts as
total production, employment, income,
consumption, trade, and the flow of funds.
Although a recurrent pattern has been
characteristic of American economic history, many economists do not'consider it
inevitable.
One of the techniques developed in business cycle research is widely used as a
tool for analyzing current economic conditions and prospects. This is the cyclical
indicators concept, which singles out certain economic time series as being leaders, coinciders, or laggers in relation to
movements in aggregate economic activity, The NBER has, since 1938, maintained
a list of such indicators and has periodically subjected the list to extensive review. Their most recent (1966) list of 73
cyclical indicators is the basis for this section of BCD. These indicators were
selected primarily for their cyclical behavior, but they have also proven useful
in forecasting, measuring, and interpreting other short-term fluctuations in aggregate economic activity,
The NBER employs a dual classification
scheme which groups the indicators by
cyclical timing and by economic process,
and this report uses the same classification groupings. The diagram below summarizes the cross-classification system
used in this section. The 73 cyclical indicators are presented with economic process as the principal basis of classification
and cyclical timing as the secondary basis.
The major processes are divided into minor
processes which exhibit rather distinct differences in cyclical timing. The timing
classification takes into account a series'
historical record of timing at business
cycle peaks and troughs. Leading indicators
are those which usually reach peaks or
troughs before the corresponding turns in
aggregate economic activity; roughly coincident indicators are direct measures of
aggregate economic activity or move roughly together with it; lagging indicators
usually reach their turning points after the
turns in aggregate economic activity.
The NBER has also specified a "short list"
of indicators. This more selective and substantially unduplicated group of principal
indicators is drawn from the full list and
provides a convenient summary of the
current situation, The short list consists of
26 series: 12 leading, eight roughly coincident, and six lagging. Only five of these
are quarterly series; the rest are monthly,
The short list is classified only by timing
and is shown separately in chart B8.
Included in this section are a number of
composite indexes which provide simple
summary measures of the average behavior
of selected groups of indicators. Each component of an index is weighted according
to its value in forecasting or identifying
short-term movements in aggregate economic activity. The components are standardized so that each has, aside from its
weight, an equal opportunity to influence
the index, Each index is standardized so
that its average month-to-month percent
change is 1 (without regard to sign).
The composite indexes presented in this
report are based on groups of indicators
selected by timing. Thus, there is an index
of leading indicators, another of coincident
indicators, and a third of lagging indicators.
In addition, there are five indexes based on
leading indicators which have been
grouped by economic process. These indexes indicate the underlying cyclical
trends of each group of indicators and the
relative magnitude of their short-term
changes. The index of 12 leading indicators
has been "reverse trend adjusted*' so that
its long-run trend parallels that
of
the coincident index. This facilitates
Cross-Classification of Cyclical Indicators by
Economic Process and Cyclical Timing
ieonomie
'recess
\
Cyclical
Timing
1. EMPLOYMENT
AND
UNEMPLOYMENT
(1!) series)
\
\
X
II. PRODUCTION,
INCOME,
CONSUMPTION,
AND TRADE
(8 series)
III. FIXED CAPITAL
INVESTMENT
(14 series)
IV. INVENTORIES
AND
INVENTORY
INVESTMENT
(9 series)
V. PRICES, COSTS,
AND PROFITS
(10 series)
VI. MONEY
AND CREDIT
(17 series)
Sensitive commodity
prices
(1 series)
Stock prices
(1 series)
Profits and profit
margins
(4 series)
Flows of money
and credit
(6 series)
Credit difficulties
(2 series)
Comprehensive
wholesale
prices
(2 series)
Bank reserves.
(1 series)
Money market inter
rates
(4 series)
Unit labor costs
(2 series)
Outstanding debt
(2 series)
Interest rates on
business loans
arid mortgages
(2 series)
\
Marginal employment
adjustments
(6 series)
LEADING INDICATORS
(37 scries)
ROUGHLY COINCIDENT
INDICATORS
(25 series)
Job vacancies
(2 series)
Comprehensive
employment
(3 series)
Comprehensive
unemployment
(3 series)
Formation of business ' Inventory investment
and purchasing
enterprises
(2 series)
(7 series)
New investment
commitments
(8 series)
Comprehensive
Backlog of investment
production
commitments
(3 series)
(2 series)
Comprehensive income
(2 series)
Comprehensive
consumption
and trade (3 series)
"' - - - - - - — -. -
Long-duration
unemployment
(1 series)
I Investment
expenditures
(2 series)
Inventories
(2 series)
LAGGING INDICATORS
(11 series)
_
comparisons among the leading, coincident,
and lagging indexes and tends to shorten the
leads of the leading index at business
cycle peaks while lengthening them at
troughs; it also reduces the variability of
the leads and lags.
SECTION C
ANTICIPATIONS
AND
INTENTIONS
Most businessmen and many individual
consumers have some type of plans as to
their major economic activities in the near
future. Information on these plans is regarded as a valuable aid to economic forecasting either directly or as an indication
of the state of confidence concerning the
economic outlook. In recent years, much
progress has been made in compiling such
information, and a number of surveys by
various organizations and government
agencies ascertain anticipations and intentions of businessmen and consumers. The
results of some of these surveys, expressed
as time series, are presented in this section of the report.
The business analyst who uses these series should be aware of their limitations.
These data reflect only the respondents'
anticipations (what they expect others to
do) or intentions (what they plan to do),
not firm commitments. Among both businessmen and consumers, some responses
may not be very reliable; that is, the
plans may be conjectural or the respondent may make little effort to reply accurately to the survey questions. Also, many
plans are subject to modification or even
complete abandonment due to unforeseen and uncontrollable developments.
In some cases, the anticipations (or intentions) may have a systematic bias; for
example, the anticipations (or intentions)
data may tend to be lower than the subsequent actual data under certain economic
conditions and higher under other conditions. Sometimes they merely project what
has already occurred and hence appear to
lag behind actual changes. Actual data are
included in this section to indicate their
historical relationship to the anticipations
and intentions. Some of the series are diffusion indexes, a concept explained in the
description for section E.
SECTION D
5
OTHER KEY
INDICATORS
Many economic series are available which,
although not included in the throe main
sections of the report, are nevertheless
important for an overall view of the economy. This section presents a number of
sucb series, though by no means a com
prehensive selection. In general, these series reflect processes which are not direct
measures of economic activity but which
do have a significant bearing on business
conditions.
The foreign trade and payments series
include data on imports and exports and
their balance, export orders, and the balance of payments. Many of the components of the balance-of-payments accounts
are shown. Some are charted in a manner
which emphasizes the balance between
receipts and expenditures for each component; for example, comparisons of exports of goods and services with imports
of goods and services, and income on
U.S. investments abroad with payments on
foreign investments in the United States.
In addition, balances are shown for U.S.
Government grants and capital transactions and for capital transactions of the
private sector (banks and U.S. residents
other than banks).i Finally, cumulative
changes are shown for other components;
for example, U.S. liquid liabilities to all
foreigners and U.S. official reserve assets.
Because these data are influenced by
foreign as well as domestic conditions,
the cyclical shading has been omitted
from the balance-of-payments charts.
The Federal Government activities series
include Federal receipts and expenditures
and their balance, and selected Federal defense activities. The receipts and expenditures data are from the national income and
product accounts, but are not shown in
section A of this report. The defense series
included are only a few of the many available. For a more comprehensive picture of
defense activities, see Defense Indicators,
a monthly Bureau of the Census publication.
The price movements series consist of
consumer and wholesale price indexes and
their major components. Additional data
on prices and costs are shown in several
other sections.
SECTION E
ANALYTICAL
MEASURES
This section begins by comparing gross
national product in constant dollars with
a measure of potential GNP. In effect,
these two series reflect the relationship
between the economy's productive capacity and total demand, the excess of potential over actual GNP indicating the degree
to which potentially productive resources
are not fully utilized. The measure of potential GNP, developed by the Council of
Economic Advisers in the early 1960's,
takes into account increases in both available man-hours and output per man-hour.
The NBER list of cyclical indicators includes some series which measure the relationship between different economic variables (for example, the series on labor cost
per unit of output), There are, however,
additional analytical ratios which have
proven useful in evaluating business conditions and prospects. A number of such
ratios are shown in the second part of
this section.
The third part presents a selection of
diffusion indexes. Many series in this report are aggregates compiled from a number of components. A diffusion index is a
summary measure expressing, for a particular aggregate, the percentage of components rising over a given timespan (half
of the unchanged components are considered rising). Cyclical changes in diffusion
indexes tend to lead those of the corresponding aggregates. Since diffusion indexes are highly erratic, long-term (6- or
9-month span) indexes are used to indicate underlying trends and short-term (1month span) indexes are used to show
recent developments. Most of the indexes
are constructed from components of series
shown in section BT and these indexes
have the same identification numbers as
the corresponding aggregates. The diffusion indexes are classified by the cyclical
timing of the aggregates to which they
relate. Recent data and directions of
change for many of the components are
shown in table E4,
The final part (E5) presents, in chart
form, rates of change for a selected group
of economic series. Percent changes at annual rate are shown for 1- and 3-month
spans or for 1-quarter spans,
SECTION F
INTERNATIONAL
COMPARISONS
Because this report is designed as an aid
to the analysis of U.S. business conditions,
all previous sections are based on data
which relate directly to that purpose. But
many business analysts examine economic
developments in other important countries
with a view to their impact on the United
States. This section is provided to facilitate a quick review of basic economic conditions in six of the nations with which
we have important trade relationships.
Data on consumer prices, industrial produqtion, and stock prices are shown for
Canada, the United Kingdom, France, West
Germany, Japan, and Italy and are compared with the corresponding U.S. series,
Also included is an industrial production
index for the European countries in the
Organization for Economic Cooperation
ana* Development. The industrial production series provide a comprehensive measure of output and the consumer price
indexes measure an important sector of
prices, while stock prices tend to be important as leading indicators. In this section, the U.S. business cycle shading has
been omitted from the charts.
HOW TO READ CHARTS
Peak (P) of cycle indicates end
of expansion and beginning of
Recession (shaded areas) as
designated by NBER.
Series numbers are for identification only and do not reflect
series relationships or order.
Solid line indicates monthly data.
(Data may be actual monthly
figures or MCD moving averages,*)
Basic Data
Trough (T) of cycle indicates end
of recession and beginning of
Expansion as designated by
NBER.
Arabic number indicates latest
20 -t/xm°ntfi for which data are plotted,
("6" = June)
$ Roman number indicates latest
&/ quarter for which data are
/
plotted. ("IV" = fourth quarter)
Dotted line indicates anticipated
Broken line indicates actual
monthly data for series where an
MCD moving average* is plotted.
Parallel lines indicate a break in
continuity (data not available,
changes in series definitions, extreme values, etc,).
Solid line with plotting points indicates quarterly data.
Various scales are used to highlight the patterns of the individual
series. "Scale A" is an arithmetic
scale, "scale L-l" is a logarithmic scale with 1 cycle in a given
distance, "scale- L-2" is a logarithmic scale with 2 cycles in
that distance, etc. The scales
should be carefully noted because
they show whether the plotted
lines for various series are directly comparable.
Scale shows percent of components rising,
Solid line indicates monthly data
over 6- or 9-month spans,
Broken line indicates monthly
data over 1-month spans.
Solid line with plotting points indicates quarterly daita over various spans,
*Many of the more irregular
series are shown in terms of their
MCD moving averages as weJI as
their actual monthly data. In such
cases, the 4-, 5-, or 6-term moving averages are plotted IVa, 2,
or 2% months, respectively, behind the actual data. See appendix A for a description of MCD
moving averages.
Arabic number indicates latest
month for which data are used
in computing the indexes. ("6" =
June)
Roman number indicates latest
quarter for which data are used
in computing the indexes. ('T* —
first quarter)
Broken line with plotting points
indicates quarterly data over various spans.
NOTE: Some of the charts of
anticipations and intentions data
(section C) and balance of payments data (section D) do not
conform to the above method of
presentation. Deviations are adequately explained as they occur.
HOW TO LOCATE A SERIES
To locate a series in BCD, consult the "Index—Series Finding Guide" in the back of the book where series are arranged into six
sections and various subsections. Also, in the list of "Titles and Sources of Series" which follows the Finding Guide, series are
listed in numerical order within each of the six sections, and the charts and tables in which they appear are indicated.
Basic data1
Percent change
Unit
of
Series title
measure
1968
1969
1970
4th Q
1969
IstQ
1970
2dQ
3dQ
1970
1970
4th Q
1970
IstQ
1971
2dQ
to
adQ
3dQ
to
4th Q
4th Q
to
1st a
1970
1970
1971
Series number |
Table 1. Summary of Recent Data and Current Changes for Principal Indicators
l
A. NATIONAL INCOME AND PRODUCT
Al. Gr«»» National Preduet
200.
205.
210
215
217
GNP in current dollars
GNP in 1958 dollars
Implicit price deflator
Per capita GNP in currsnt dollars .
Per capita GNP in 1958 dollars.
220
National income, current dollars
865.0
707.2
122.3
4*311
3t525
931.4
727.1
128.1
4*596
3*588
976.5
724.1
134.9
4*767
3*535
951.7
729.2
130.5
4*676
3*583
959.5
723.8
132*6
4*703
3 * 548
971.1
724.9
134.0
4*748
3*544
985.5
727.4
135.5,
4*805
3 * 546
989.9 1018.4
720.3
731*6
139.2
137.4
4*937
4*812
3*501 3*547
1.5
0.3
1.1
1.2
0.1
0.4
-1.0
1.4
0.1
-1.3
2.9
1.6
1.3
2.6
1.3
200
205
210
215
217
712.7
688.7
591.2
499.0
769.5
748.9
631.6
511.5
800*1
801.0
684.8
529.8
785*2
770.5
650.6
517.8
791.5
782.3
665.3
522.9
797.4
801.3
683.6
532.0
806.6
807.2
693*0
534.2
804.8
813.3
697.2
530.0
NA
831.4
714*9
538.2
1.2
0,7
1,4
0.4
-0.2
0*8
0.6
-0.8
NA
2.2
2.5
1.5
220
222
224
225
2»947
3*117
3*344
3*197
3*261
3*342
3*378
3*389
3*466
1.1
0.3
2.3
226
do
2*487
2*525
2*587
2*544
2*563
2*601
2*604
2*576
2*609
0.1
1.3
227
Ann.rate,bil.dol.
do
do
. . . . do ....
do
do
do
535,8
452.3
84.0
53.8
30.2
230.2
221,6
577,5
467.7
90.0
58.2
31.8
245.8
241.6
616.7
477.1
89.4
61.1
28.3
264.7
262.6
592.6
471.7
90.8
58.3
32.5
252.0
249.8
603.1
474.0
89.1
60.2
28.9
258.8
255.2
614.4
478.1
91.9
61.5
30.4
262.6
259.9
622.1
479.6
91,2
61.3
29.9
265,8
265*1
627.0
476.6
85.3
61.3
24.0
271.5
270.2
644.7
485*3
96.1
61.8
34.3
272.5
276.0
1.3
0.3
-0.8
-0.3
-1.6
1.2
2.0
0.8
-0*6
-6.5
0.0
-19.7
2.1
1.9
2.8
1.8
12.7
0.8
42*9
0*4
2.1
230
231
232
233
234
236
237
do
do
do
do
do
do
126,5
88,7
29,6
59,1
30.3
7.6
139.8
99.3
33.8
65.5
32,0
8.5
135.7
102.6
35.2
67.4
29.7
3.5
140.2
102.6
35.1
67.5
30.4
7.2
133.2
102.6
35,7
66.9
29.1
1.6
134.3
102.8
35.3
67.5
28*4
3.1
138.3
103,6
35.0
68.6
29.2
5.5
137.1
101.3
34.7
66.6
32.2
3.6
142.9
105.1
36.3
68.8
35.4
2.4
3,0
0,8
-0*8
1*6
2,8
2,4
-0*9
-2.2
-0.9
-2.9
10.3
-1.9
4.2
3.8
4.6
3.3
9.9
-1.2
240
241
242
243
244
245
rin
2.5
50,6
48,1
55.5
53.6
62*2
58.6
58.8
56.2
61.1
57.6
62.8
58.7
4.2
62.8
58.6
2.6
62.0
59.3
2.8
64.1
61.3
0,1
0.0
-0.2
-1.6
-1.3
1.2
0.2
3.4
3,4
250
252
253
200,2
99,5
78.0
100,7
212.2
101.3
78.8
110*8
220.5
99.7
76.6
120.9
216.3
102.1
78.8
114*2
2.19.6
102.3
79,3
117.4
218.4
99.7
76.8
118.7
221.0
98.6
75.8
122.4
223.2
98.2
74.6
125.0
228.0
98.1
73.9
129*9
1.2
-1.1
-1.3
3.1
1.0
-0.4
-1.6
2.1
2,2
-0.1
-0.9
3.9
260
262
264
266
do
170.4
183.9
185.3
187.4
185.5
188.5
188,3
178.8
191*3
-0.1
-5.0
7.0
270
do
do
5.7
252.5
6.4
267.7
-0«2
285*6
5.3
274.3
-0.3
280.0
-1.9
283,3
5*2
286.0
-3.7
293.3
3*5
294.0
-8.9
2.6
7.2
0.2
271
274
do
2.0
2.1
3.6
1.9
1.9
5.0
0.3
7.2
-1*1
do
do
do
do
do
514*1
64.1
21.3
85.4
27,8
564.2
66.6
22.0
85.8
30*7
599.8
67.6
22.7
76*5
33.5
582.1
67,2
22.3
82.0
31.7
592.2
67.6
22.5
76.7
32*4
596.4
67.8
22.6
77.5
33.1
603.8
67.8
22.7
78.4
33.8
606.7
67.4
23.0
73.3
34.5
624.8
67,0
23,1
NA
35.2
1.2
0.0
0.4
1.2
2.1
do
do
128.6
40.4
143*6
37.6
138.2
50.2
144.2
41.1
139.3
44.8
138.5
51,5
140.6
52.7
134.3
51.8
NA
51.3
1.5
2.3
21.6
74.0
-7.3
18.5
78.9
8.7
13*8
84.3
-10.1
15.4
80.7
7.1
13.6
82.1
-1.2
14.3
83.6
-10.9
14*1
85.0
-11.2
13.3
86.5
-17.3
NA
88.4
NA
-1*4
1.7
-0.3
-5.7
1.8
-6.1
0.8
34.2
9.4
22.6
29.4
34.9
50.1
47.0
5.5
15.2
Ann. rate, bil.dol.
do
.
195g=100
Ann. rate, dol...
do
A2. National and Ptrtonal Ineeme
Anruate,bil.doL
do
do
do
224. Disposable personal income, current dol . . .
225. Disposable personal income, constant dol. .
226. Per capita disposable personal income,
Ann. rate, dol...
current dollars.
227. Per capita disposable personal income,
-1.1
A3. Personal Consumption Expenditure*
230.
231.
232«
233
234.
236
Total, current dollars
Total, constant dollars
Durable goods current dollars.
Durable goods exc. autos current dollars.
Automobiles current dollars
Nondurable goods current dollars
A4. Gross Private Domestic Investment
240.
241~
242.
243
244
Gross private domestic investment, total. . .
Fixed investment total nonresidential ....
Fixed investment, nonresidential structures.
Fixed investment producers' dur. equip.. . .
Fixed investment residential structures.,.
A5. Foreign Trode
do
do
252. Exports
253. Imports
A6. Government Purchases of Goods
and Services
260
262.
2&4.
266
.do
do
do
do
Total
Federal
National defense
State and local
...
A7. Final Sales and Inventories
27l!
Change in business inventories, durable
goods2
274 Final sates nondurable goods
275. Change in business inventories, nondurable goods2
7*1
1*0
-4.7
-8,3
275
0.5
-0.6
1.3
-6.5
2.1
3.0
-0.6
0,4
NA
2.0
280
282
284
286
288
-4.5
-1.7
NA
-1.0
290
292
NA
2.2
NA
294
296
298
6.9
A8. Notional Income Components
280 Compensation of employees
284
286
288
Rental income of persons.
Corp profits and inventory valuation ad] , . ,
Net interest
A9. Saving
.,
294. Undistributed corporate profits plus
298
.,
do
..... do
do
Government surplus or deficit, total 2 . . . . ....
El.
Actual and Potential GNP
207. GNP gap (potential less actual)2
do
-7.4
-3.1
207
Basic data1
Unit
of
measure
Surieu title
Percent change
Feb.
1971
March
1971
Jan.
to
Feb,
1971
Feb.
to
March
1971
3dQ
to
4th Q
1970
4th Q
to
l$tQ
1971
Series number 1
Table 1. Summary of Recent Data and Current Changes for Principal Indicators-Con.
1969
1970
3dQ
1970
4th Q
1970
...
U7.3
119.7
125.0
115.1
120.8
130.9
115.4
121.0
132.0
114.7
118.6
129.5
119.0
121.5
130.1
118,1
121.1
129.3
119.1
121.5
130.2
119.8
122.0
130.9
0.8
0.3
0.7
0.6
0.4
0.5
-0,6
-2.0
-1.9
do
do
do
do ...
do
102.2
110.0
104.2
100.7
103.0
95,1
106.7
103.2
94.1
98,8
95.2
106.6
103.0
93.5
100.8
93,2
106.9
101.9
92.9
96.2
NA
109.2
102.1
95.5
NA
95.2
109.1
101.9
94.7
97.2
95.0
109,6
102,4
95,6
102.2
NA
108.8
101.9
96.3
NA
-0.2
0.5
0.5
1.0
5.1
NA
-0.7
-0.5
0.7
NA
-2.1
0,3
-1,1
-0,6
-4.6
40.6
39.8
39.7
39.5
39.7
39.8
39.5
39.9
-0.8
1.0
-0.5
0.5
1
do
3.6
4. Nonagrl. placements, all industries ..... Ann.rate.thous . . Si 149
Per 100 employ..
4.7
*5, Avg. weekly initiiil claims, State 1
unemployment insurance (Inverted' 4) 2 . .
194
3. Layoff rate, manufacturing (inverted ) . . Per 100 employ..
1.2
3.0
NA
4.0
2.9
NA
4.0
2.7
NA
3.7
2.8
NA
NA
2*8
NA
3.7
2.9
NA
3,7
2.7
NA
NA
0*1
NA
0.0
-0.2
NA
NA
-0.2
NA
-0.3
0.1
NA
NA
21
4
2
296
1.8
297
1.8
325
2.0
284
NA
282
1.7
278
1.6
291
NA
1.4
0.1
-4,7
NA
-9.4
-0.2
12.6
NA
5
3
319
122
NA
93
NA
90
NA
79
NA
77
NA
75
NA
77
NA
78
NA
2.7
NA
1.3
NA
-12.2
NA
-2.5
49
46
Ann. rate, billion
139.1
man-hours
Millions . • . • . 70.3
do
42. Persons engaged in n onagri, activities. . .
74.3
178,6
70.7
75.2
138.3
70.5
75.1
137.1
70.2
75.2
137.4
70,6
75.2
137.6
70.7
75.5
136,7
70.6
75.2
138.0
70.6
75,1
-0.7
-0.1
-0.4
1.0
0.0
-0.1
-0.9
-0.4
0.1
0.2
0.6
0.0
48
41
42
3,5
5,0
5.2
5.9
5.9
6.0
5.8
6.0
-0.2
-0,7
0.0
43
-0.1
-0.3
0.5
45
do
1.5
2.6
2.8
3.2
3.2
3.3
3.2
3.2
0.1
0.0
-0.4
0,0
40
do
0.5
0.8
0.9
1.1
1.3
1.3
1.3
1.3
0.0
0.0
-0.2
Ann.rate,bil.dol..
. . . . do
1957-59-100....
931.4
727,1
172.8
976.5
724.1
167.6
985.5
727.4
167.9
989.9 1018.4
720.3 731.6
162.7 165,2
165.6
164,9
165.2
-0.4
0,2
0.4
-1.0
-3.1
2,9
1,6
1.5
200
205
47
Ann.rate,bil.dol..
do
748.9
194.5
801.0
198.0
807.2
198.7
813.3
195.5
831.4
199.7
827.4
199.8
830.4
199.1
836.3
200.2
0.4
-0.4
0,7
0,6
0.8
-1.6
2.2
2»1
52
53
do
It 246
... .... do . ... 922.9
do
351,5
1»279
973.1
364.6
1*299
980.0
369.6
H273
NA
986.3 1016.0
365.1
NA
H307
1»320
NA
1.0
NA
373.2
376.1
NA
0.8
NA
-2.0
0.6
-1.2
NA
3.0
NA
56
57
54
1957-59-100.... 123.6
Ann. rate, thous. . 274.0
114.6
266.0
112.4
266.1
111.5
264.4
NA
NA
113.6
266.1
113.8
251,1
NA
NA
0.2
-6.3
NA
NA
-0.8
-0.6
NA
NA
12
13
355.6
126
95.2
25.8
77.2
367.2
123
94.6
26.5
77.9
352.4
126
92.4
24.4
79.9
377,8
128
102.6
NA
84.9
376.8
117
100.2
382.4
126
108.2
374.2
141
99.2
1.5
7.7
8.0
-2.1
11*9
-8.3
7.2
1.6
n.o
-83.9
90.2
80.6
7.5
-4.0
2.4
-2.3
-7.9
2.6
NA
6.3
6
8
10
11
24
766
H457
116.0
767
1»512
119.0
642
1*777
139.6
679
1*789
140.7
652
1*725
143.3
600
1*724
137.0
785
1*918
141.8
-8.0
-0.1
-4.4
30.8
11.3
3.5
-16.3
17.5
17,3
5.8
0.7
0,8
9
28
29
79.46
21.67
79.56
22.30
79,46
21.67
80.33
NA
80*33
80.84
80.33
0.6
-0.6
-0.1
-2,8
1,1
NA
96
97
IstQ
1971
Jan.
1971
B. CYCLICAL INDICATORS
67. Composite Indexes
810. 12 leading indicators, reverse trend adj 3.
1967-100.
do
do
LEAD/NO INDICATOR SECTORS
815. Inventory investment and purchasing
816 Profitability
•• . .
3,7
2.4
O.S
810
820
830
NA
813
814
815
816
817
2.2
o.a
2,8
NA
Bl> Employment and Unemployment
LEADING INDICATORS
Marginal Employment Adjustments:
*1. Average workweek, prod, workers, mfg, • • Hours
21. Avg. weekly overtime hours, production
ROUGHLY COINCIDENT INDICATORS
Job Vacancies;
Thous., EOP....
1967-100
46. Help-wanted advertising
Comprehensive Employment:
48. Man-hours in nonagricuttural
establishments,
Comprehensive Unemployment:
»43, Unemployment rate, total (inverted V . . .Percent
45. Avg, weekly insured
unemployment
2
rata Cinv/prt.pd^
40. Unemployment
rax married males
(inverted4)2
0.2
-0.1
rin
LAGGING INDICATORS
Long Duration Unemployment:
*44. Unemployment rate, 15 weeks and
-0,2
44
B2. Production, Income, Consumption,
and Trade
ROUGHLY COINCIDENT INDICATORS
Comprehensive Production:
*?(in RNP in fi\fif nt ftnllarc
*205 GNP in 1958 dollars. * •
*47. Industrial production
Comprehensive Income;
53. Wages, salaries in mining, mfg.( constr ..
Comprehensive Consumption and Trade:
57 Final sales
•*«
B3. Fixed Copital Investment
LEADING INDICATORS
Formation of Business Enterprises:
•12. Index of net business formation
New Investment Commitments:
*6. New orders, durable goods industries*. * • Ann.rate.bil.do!.. 368.2
8. Construction contracts, total value
1967" lOOi
125
*10. Contracts and orders, plant, equipment. . .Ann.rate,bil.dol..
95.7
11. New capital appropriations, manufacturing
do
29.8
24. New orders, producers' cap, goods Indus .
do
78.7
Ann.rate,mil.sq.
9, Construction contracts, commercial
ft, floor space . .
and industrial buildings
905
28. New private housing units started, total.. Ann. rate, thous. . 1*486
*29. New bldg, permits, private housing.* .... 1967^100
116.1
-10.6
ROUGHLY COINCIDENT INDICATORS
Backlog of Investment Commitments:
96. Unfilled orders, durable goods industries 5 BN.doUEOP...
do
86.21
23.85
Basic data1
Unit
of
measure
Series title
1969
1970
3dQ
4th Q
1970
1970
Percent change
IstQ
1971
Feb.
1971
Jan.
1971
March
Jan.
Feb.
to
to
March
3dQ
to
4th Q
4th Q
to
IstQ,
1971
1970
1971
Feb.
1971
1971
Series number 1
Table 1. Summary of Recent Data and Current Changes for Principal Indicators-Con.
B. CYCLICAL INDICATORS»Coru
B3. Fixed Capitol Investment— Con.
LAGGING INDICATORS
Investment Expenditures:
*61. Business expend., new plant and equip . .Ann.rate.bil.dol. .
69. Machinery and equipment sales and
do
75.54
79,74
81.88
78.63 a80.55
92.20
94.75
96.34
93.66
NA
8.5
3*5
5.5
3.6
2.4
97.53
97.47
NA
-0.1
3.5
4.1
NA
0.6
NA
-4.0
2.4
61
-2.8
NA
69
B4. Inventories and Inventory Investment
LEADING INDICATORS
Inventory Investment and Purchasing:
245. Change in business inventories, all
industries2.
*31. Change in book value, manufacturing
Am. rate, billion
J-.I t-rc
do
12.2
6.2
10,6
4,4
NA
37, Purchased materials, percent reporting
Percent
20. Change in book value, manufacturers'
Ann. rate, billion
2
dollars
inventories of materials, supplies .
26. Buying policy, production materials,
commitments 60 days or longer2 <g) . . . Porcent
.
32. Vendor performance, percent reporting
do
slower deliveries (§)
25. Change in unfilled orders, durable goods Ann. rate, billion
2
dollars
industries .
46
3
50
46
46
46
49
1.2
0.9
0.7
3*2
NA
63
55
51
53
56
52
59
56
7
65
51
47
37
43
38
44
46
6
6.1
-6.1
2*6
-6.7
-6.6
-0*4
3.5
-0.7
10.4
49
51
NA
-0.9
-0*2
-4*3
NA
245
-1.2
-1,9
-6*2
NA
31
2
0
3
37
NA
2*5
NA
20
-3
2
3
26
2
-10
6
32
•12.2
6.2
3.9
25
LAGGING INDICATORS
Inventories:
*71, Book value, mfg, and trade inventories5.. Bil.dol., EOP...
65. Book value, manufacturers' inventories
do
164.9
171.1
170*0
171.1
NA
171.4
171.8
NA
0.2
NA
0.6
NA
71
31.64
34,32
33.70
34.32
NA
34.50
34.64
NA
0.4
NA
1.8
NA
65
111.3
113*9
111.4
108.3
107.0
105.9
107.2
107.8
1.2
0.6
97,8
83.2
78.7
86*2
97.1
99.6
3*9
2.6
Annjate,bil.dol. .
48.5
43.8
45.4
41.4
Percent
15. Profits(after taxes) per doi. of sales, mfg.2 Cents
*17. Ratio, price to unit labor cost, mfg
1957-59=100....
99.0
97.4
97.4
96.3
96.0
96.1
96.0
96.0
106.0
106.2
110.0
110.2
110*2
110.7
111.4
111*2
112.5
112*3
112.2
111.8
112.5
112.4
112.8
112.7
0.3
0.5
0.3
0.3
1.1
0.5
1*0
1.0
55
58
nn|urc
0.763
0*811
121*2
NA
114.4
0*810
120*6
0*828
1957-59=100....
123.2
124*8
124.2
124.9
125.2
0*6
0.2
2.1
1.7
NA
1.3
68
62
-1.0
11.2
12.6
18.0
13.8
21*6
14.0
18.6
10.5
5.4
5.1
NA
NA
98
85
33
113
112
110
B5. Prices, Costs, and Profits
LEADING INDICATORS
Sensitive Commodity Prices:
*23 Industrial materials prices©
1967-100
Stock Prices:
*19. Stock prices, 500 common stocks @ . . .1941-43=10
.
Profits and Prof it Margins:
22. Ratio, profits to income originating,
10.2
4.8
8*8
4*0
9.1
4.0
8.2
3*6
96.7
93*5
NA
-2.8
9*5
-8*8
NA
NA
-0*1
0.0
-0.9
-0.4
-1.1
-1.2
23
12*2
19
NA
16
NA
NA
22
15
17
-0.3
ROUGHLY COINCIDENT INDICATORS
Comprehensive Wholesale Prices:
55. Wholesale prices, indus. commodities®. 1967-100. .
do
58. Wholesale prices, manufactured goods®.
LAGGING INDICATORS
Unit Labor Costs:
68. Labor cost per unit of gross product,
*62. Labor cost per unit of output, mfg
66. Money and Credit
LEADING INDICATORS
Flows of Money and Credit:
98. Change in money supply and time
deposits2
Ann. rate, percent
......do
Anrj.rate,bil.dol, .
do
*113. Change in consumer installment debt 2 .-.
do
do*
Credit Difficulties:
do
14. Liabilities of business failures (invr) <§>
39. Delinquency rate, installment loans
2 5
Percent, EOP. . . .
(inverted*)
3,1
20.0
8.1
5.3
19.7
2*8
0.2
18.6
6.1
22.3
4.1
3*2
3.4
24.0
-1.4
-10.8
11.0
93.9
82.7
79.9
66.1
1,14
1*89
2.62
1.55
8*5
NA
NA
1.0
NA
2.18
NA
1.76
1.90
1*89
1.90
-871
-616
-745
-187
-119
6.69
6.44
6*38
8*06
9.05
6.58
6.35
9.06
6.65
5.36
8.75
6.27
5,93
3.86
7.60
5.82
1.1
21.7
1.0
-4,8
2.03
NA
NA
1.2
5.9
1.81
,
NA
NA
1.9
2.70
7.8
12.9
NA
0.2
10*7
10*8
-3.0
-3.5
NA
NA
-4.0
-49.2
-6*0
-2.7
1.7
-5.5
-14.0
7.8
11.8
40.8
-40.6
14
NA
39
-68
93
-1.50
-1.15
-0.45
-0.68
114
116
115
117
NA
NA
NA
-0.01
-127
i-140
36
13
-558
3.77
3.32
7.62
5.71
5.17
-0.72
-0,09
-0.08
-0. 13
-0.45
NA
NA
ROUGHLY COINCIDENT INDICATORS
Bank Reserves:
Money Market Interest Rates:
114 Treasury bill rate 2 ® ......
H6 Corporate bond yields2 <§)
115. Treasury bond yields2 @
Million dollars...
*
do
do......
do
6.12
5.72
6*33
5*25
-91
4.49
7,63
5.92
5.36
7.54
5.84
5.23
0.08
-0.13
-0*06
-1*02
-0.31
-0*38
-0.40
Table 1. Summary of Recent Data and Current Changes for Principal Indicators-Con.
Basic data L
Unit
of
measure
Series title
1969
1970
3dQ
1970
4th Q
1970
UtQ
1971
Percent change
Jan.
1971
Feb.
1971
March
1971
Jan,
to
Feb,
1971
Feb.
to
March
1971
3dQ
to
4th Q
1970
4th Q
to
1st ft
1971
S
ti
£3
ts
(D
1
B, CYCLICAL INDICATORS-Coti,
86. Money and Credit-Con.
LAGG/NG tNDtCATOKS
Outstanding Debt;
66, Consumer installment debt3
Bll.doL EOP...
*72, Com, and industrial loans outstanding s . . . .... do
96.2
83.2
99.0
83.4
99.4
86.0
99,0
83.4
NA
83.6
99.1
83,0
99.2
83.4
NA
83.6
0.1
0.5
NA
0.2
-0.4
-3.0
NA
0,2
66
72
Interest Rates on Business Loans and Mortgages:
*67, Bank rates on short-term bus,
loans2©. . . ppffpnt
do
118. Mortgage yields, residential 2 <§>...
8.21
8.29
8.48
9.03
8.50
9.06
8.07
8.76
NA
NA
NA
NA
7.32
NA
NA
-0.43
-0,30
NA
NA
lie
1.3
2.8
3.3
1.7
1.7
0.6
1.6
2.9
1.0
1.3
-1.6
0,0
500
502. Exports excluding military aid
37,3
506. Export orders, durable goods except motor
vehicles
. . do . . . 14,7
4
508. Export orders, nonelectrical machinery — 1957-59-100,...
254
512, General imports
«
Ann,rate,bil.dol.. 36,0
42,7
43.4
43.0
45.0
44.8
44.3
45.8
-l.l
3.4
-0.9
4,7
502
18.5
233
41.3
NA
NA
43.2
18.2
232
44.2
17.6
218
42,6
NA
NA
42.8
-3.3
-6.0
-3.6
NA
NA
0.5
7,6
-13.1
3.0
NA
NA
4.6
506
508
512
-3,85
-9,82
-2.40 -2.26
-7,26 -13*29
NA
NA
Of 14
-6.03
NA
NA
520
522
-11,5
-11.8
-16.1
NA
-6.3
NA
600
194,8
194.9
191.7
NA
-1.6
NA
601
602
264
616
621
647
648
625
67
D, OTHI-R KEY INDICATORS
D1, Foreign Trode
500. Merchandise trade balance2
Ann, rate.bil.dol..
do
17.2
253
39.9
17.2
266
40*1
D2, U.S. Balance of Payments
520, Liquidity balance basis2 2
522, Official settlements basis
t
do
do
-7.01
2.70
D3. Federol Government Activities
600. Federal surplus or deficit, national
income and product accounts 2. . , >
601. Federal receipts, national income and
product accounts
'„
602, Federal expenditures, national income
and product accounts
...
264, National defense purchases
>
616. Defense Oept. obligations, total
621, Defense Oept. obligations, procurement . . .
647. New orders, defense products industries. , .
648, New orders, defense products
625. Military contract awards in U.S
... do
9.3
do
200.6
do
do
do
do
do
do
do
191.3
78.8
81,1
21.0
47.2
23.1
35.4
206.3
76,6
79,5
20.1
47.2
23.4
33.4
206.7
75,8
78.2
18.8
49.2
27.7
30.4
209.9
74.6
82.4
22,4
48.8
24.8
37.6
214.0
73.9
NA
NA
45.0
24.9
NA
84,7
26,9
47,9
26,0
30.1
83.1
26.1
43.4
28.3
31.4
NA
NA
43.7
20.4
NA
-1.9
-3.0
-9,4
8.8
4.3
NA
NA
0.7
-27.9
NA
1.5
-1.6
5.4
19.1
-0.6
-10.5
23,7
2.0
-0,9
NA
NA
-7.8
0.4
NA
781, Consumer pi ice;;, all items <§). ......... 1967-100
750. Wholesale prices, all commodities^ ....
do
109.8
106.5
116.3
110.4
117.0
110.8
116.6
111.0
119.5
112.5
119.2
111.8
119.4
112.8
119.6
113.0
0.2
0.9
0.3
0.2
1.4
0,2
0,8
1.4
781
750
83.7
76.6
76.2
72.4
73.1
0.7
850
351
D4. Price Movements
E, ANALYTICAL MEASURES
E2. Analytical Ratios
850. Ratio, outptt to capacity, manufacturing2. . Percent
851, Ratio, in ver tones to sales, manufacturing
and trade
,.
852. Ratio, unfilled orders to shipments, fnfrs,'
do
durable goods industries
853. Ratio, production of business equipment
to consum sr goods
1957-59-100....
854. Ratio, personal savings to disposable
personal fncone
Ratio
855. Ratio, nona.gricultural Job openings
do
858. Output per nan-hour, total private ndnfarm* - 1967-100
856. Real average hourly earnings, production
workers, manufacturing
1967 dollars ....
859. Real spendable average weekly earnings,
nonagri. production or nonsupv. workers.
.
.....do
857. Vacancy rale in total rental housing 2<g) . . Percent
-3.8
1.53
1.50
1.57
1.61
NA
1.57
1.56
NA
3.15
2,96
2.86
2,90
NA
2.95
3.02
NA
120.8
115.3
113,8
112.2
104.5
0.060
0.073
0,076
0.074
0.072
0.127
103.2
NA
103.8
NA
104.7
NA
104.3
NA
NA
2.91
2.89
2.91
2.87
91.05
5.0
90.11
4,9
90.27
4.9
89,52
4.8
2.93
91,18
4.9
-0.6
2.4
-0.6
NA
2.5
NA
NA
1.4
NA
852
-1.4
-6,9
853
»2.6
-2,7
854
-1.6
105.5
104.9
103.2
NA
NA
NA
NA
NA
NA
-0.4
NA
NA
855
856
2.93
2.93
2.94
0.0
0.3
-1.4
2.1
856
91*06
91.47
0.1
0.5
-0.8
-0.1
1.9
0.1
659
857
91.01
NOTE: Series are seasonally adjusted except for those indicated by®, which appear to contain no seasonal movement. *Series included in the 1966 NBER "short list" of indicators. NA = not available,
a = anticipated.
EOP ~ end of period,
x
Xn many oasas, data shown here are rounded to fewer digits or are in different units than those shown in the tables in part II. Whore available, astiual
figures are -those published by the source agencies or they are rounded from published figures; otherwise they (and the quarterly figures for monthly ooriCH)
are2 averages or totals of th© data as shown in part II.
Differences rathar than percent changes are shown for this series.
^Index for the latest month excludes series 12, 16, 31, and 113, for which data are not yet available.
*Inverted
series. Since thiis aeries tends to move counter to movements in general business activity, signs of the ehangee are reversed.
s
End-of-pgriod series. The annual figures (and quarterly figures for monthly series) are the last figures for the period.
NATIONAL INCOME AND PRODUCT
GROSS NATIONAL PRODUCT
(July) (Apr.)
P
T
(May) (Feb.)
P
T
dollars, Q (ann. rate, bil. do!.)
dollars, Q (ann. rate, oil. del.)
Implicit price deflator, 0 (index: 1958-100)
215. Per caorta 6NP in current
Q (am. rate, tttous. dot.)
capita GNP in 1958 dollars,
. rate, thous. dot.)
1950
51
52
53
54
55
Current data lor these series are shown on page 65.
BCII APRIL
1971
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71 1972
Section A
NATIONAL INCOME AND PRODUCT
[ Chart'AT] NATIONAL AND PERSONAL INCOME
(July)
(Aug.)
(July) (Apr.)
P.. T
(May) (Fell
220. National income, current dolors, Q fann. rate, bit. dol.)
222. Pec**niai income, current dollars, Q
ana rfte, bil. do!.)
224. Disposable personal income, current deters,
i
faun, rate, WL dtH.)
227. Pw capita disposable
Q fann. rate, thotis. del)
SI
ii
§3
§4
i5
ii
income, 1958 dottars,
§7
Current data for thesa series are shown on page 65.
10
APRIL 1971
ItCII
Section A
NATIONAL INCOME AND PRODUCT
PERSONAL CONSUMPTION EXPENDITURES
(July)
(Aug.)
(July) (Apr.)
...P.
T
(May) (Feb.)
..
.
P
T
Personal consumption expenditures230. Total, current dollars, Q
231. Total, 1958 dollars, Q
232. Durable goods, total, current dollars, Q
233-Durabte goods, total excluding automobiles,
~
"~^™~"'—»—-
234. Automobiles, current dollars, Q
236. Nondurable goods, total, current dollars, Q
237. Services, total, current dollars, Q
1950 51
52
53
64
Current data for these series are shown on page 66.
Digitized for ltd)
FRASER APRIL 1971
11
Section A I NATIONAL INCOME AND PRODUCT
Chart A4 I GROSS PRIVATE DOMESTIC INVESTMENT
(July)
P.
{Jy!« {Apr.}
P
(Aug.)
I
(May) (Feb.)
P
T
Annual rate, billion dollars (current)
Gross private domestic investment-
241. Nonresidential fixed investment, toUL
242. NonmHptiat structures, Q
243. Producers' durable equipment, Q
244. Residential structures. Q
51
§2! 53
54
95
g§
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71 1972
Current data for tKeie series are shown on page 66.
12
APRIL 1971
KCII
Section A
NATIONAL INCOME AND PRODUCT
FOREIGN TRADE
(July)
P
(Aug.)
jr
(May) (Feb.)
P
T
(July) (Apr.)
P
T
Annual rate, billion dollars (current)
+10-1
250. Ket exports of goods and services, Q
O-1
757065605550-
j
''
252. Exports of goods and services, Q
.-.-.. — ' '
.-. . -
2 3. Imports of goods and services, Q
1950
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
63
69
70
71 1972
Current data for these series are shown on page 67.
ito
APRIL 1971
13
Section
NATIONAL INCOME AND PRODUCT
[ Chart A6J
GOVERNMENT PURCHASES OF GOODS AND SERVICES
(Apr.)
T
{May} {Feb.;
Annual rate, billion dollars [current!
260. Federeri, State, and local governments, Q
266. State and local governments, Q
§8
g6
S7
iS
Si
60
S3
64
65
70
71 1972
Currant doto for thi)$a sarlas are thown on paaa 67.
14
APRIL 1971
Section A
NATIONAL INCOME AND PRODUCT
FINAL SALES AND INVENTORIES
(July)
P.
Way) (Fab.)
P
T
(July) (Apr.)
(Aug.)
I
T
Annual rate, billion dollars (current)
270. Final sales, durable goods, Q
271. Change in business inventories, durable goods, Q
:Final sales, nondurable goods, Q
275. Change in business inventories, nondurable
1950
§1
52
53
54
55
56
57
58
59
60
61
62
63
Current data for these series are shown on page 67.
ItCII
APRIL 1971
15
Section A
NATIONAL INCOME AND PRODUCT
[_Chart Afl]; NATIONAL INCOME COMPONENTS
(July)
P
(Aug.)
T
(July) (Apr.)
P. T
(May) (Feb.)
P
T
Annual rate, billion dollars (current)
286. Corporate profits and inventory valuation adjustment, Q
1950
51
52
53
54
55
56
57
58
99
60
61
62
63
64
65
66
67
68
69
70
71 1972
Current data for these series are shown 0n pages 67 and 68.
*V
APRIL 1971
Section A
NATIONAL INCOME AND PRODUCT
SAVING
(July)
P
(Ayg.)
T
(May) (Feb.)
;July) (Apr.)
P ,_!.
.P. . . , I
Annual rate, billion dollars (current)
140120100-1
Gross saving (private and government),Q
298. Government surplus or deficit, Q
1950
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71 1972
Current data for these series are shown on page 61).
KCII
APRIL 1971
17
CYCLICAL INDICATORS
Economic Process and Cyclical Timing
[jJhart Bl ]
EMPLOYMENT AND UNEMPLOYMENT
Leading Indicators
(July)
P
(Aug.)
T
(Mi;) (Apr.)
P
T
(Maw (FeS.)
P
T
Marginal Employment Adjustments
1, Average workweek, production workers, manufacturing (hours)
Average weekly overtime tours, production worfeeft, manufacturing (hours)
4. Nonagricurtw* placements, all industries (thousands)
2. Accession rate, manufacturing (per 100 employees)
*5. Average wetfcty initial dabns, State unemployment insurance (thousands-inverted scate)
(per 100 employees—Inverted scale)
56
57
5S
§§
60
61
Currant data for tlvese series are ihowrt on page 69.
18
APRIL 1971
Section B
CYCLICAL INDICATORS Economic Process and Cyclical Timing
EMPLOYMENT AND UNEMPLOYMENT—Con.
Roughly Coincident Indicators
(July)
P
(Aug.)
J.
(May) (Feb.)
P T
(July) (Apr.)
P
T
49. Nonagricufturaf job openings
46. Help-wanted advertising Itorfex: 1957-59=100)
rate, oil. man-hours
Ml. Employees on ^agricultural payrolls (millions)
in nonagricumiral activities (miilions)
1950
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
69
70
71 1972
Current data for these series are shown on pages 69 and 70.
APRIL 1971
19
Section B
CYCLICAL INDICATORS Economic Process and Cyclical Timing
Chart Bl]
EMPLOYMENT AND UNEMPLOYMENT—Con.
Roughly Coincident lndic$tors-~Con.
(July)
(Aug.)
.... T
(May) (Feb.)
P
T
(July} (Apr.)
P
T
Unemployment rarte, total (percent-inverted scale)
7J
unemployment rate (percent-inverted scale)
-~—-
3-
6-
7 j
Lagging Indicators
Long • Duration Unemployment
*44. Unemployment rate, persons unemployed 15 weeks and over (percent-inverted scale)
01-
31950 51
§2
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
Current date for those ferics are shown on page 70.
20
APRIL 1971
KCII
Section B
CYCLICAL INDICATORS Economic Process and Cyclical Timing
PRODUCTION, INCOME, CONSUMPTION, AND TRADE
Roughly Coincident Indicators
(July) (Aug.)
P . I
(May) (Fab.)
P
T
(July) (Apr.)
P
T
1100 -,
*200. GNP in current dollars, Q (arm. rate, bil. do!.)
production (index: 1957-59-100) f
53. Wages and Series in mining, manufacturing,/
!
ULJLJUL '
1950
51
52
53
54
I
'
55
rnn*rtfnptinni limniflt(whil^rtftyf T^
.. •:-iV'fl..
LJLL-P
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71 1972
NOTE: For this economic process (i.e., Production, Income, Consumption, and Trade), no leading or lagging indicators have as yet been selected.
Current data for these series are shown on page 71.
IICII
APRIL 1971
21
Section B
[_Chart J32l]
CYCLICAL IMDICATORS
Economic Process and Cyclical Timing
PRODUCTION, INCOME, CONSUMPTION, AND TRADE—Con.
Roughly Coincident Indicators—Con.
(July)
P..
(Aug.)
I
(July) (Apr.)
P . T
(May) (Feb.)
P T
Comprehensive Consumption and Trade
*56, Manufacturing and trade sales |bi to I.)
*54. Sates of ratal stores (bit. doll
57
58
59
60
61
62
63
64
65
66
67
68
70
71 1973
NOTE: For thil nonomlc process (i.e.. Production, Income, Conjunction, and Trade), no leading or lagging indicators have as yet been selected.
Current data for linens series are ihown on page 71.
22
APRIL 1971
ItCII
Section B
CYCLICAL INDICATORS Economic Process and Cyclical Timing
FIXED CAPITAL INVESTMENT
Leading Indicators
Mr)
(Aug.)
P
T
) (Apr.)
P
T" T~3B8in
(Hey) (fife.)
T
T
*12. Net business formation (index: 1957-59=100)
13. New business incorporations (thousands]
1
1
i
T
*6. New oitim durable goods industries (bil. dot)
8. Constipation contracts; total value [index: 1967*100;
MCO «*ting avg.-5-term)1
*10. Cwitracts and orders, plant and equipment (bit. do!.)
SI
5a
S3
i4
55
S@
§7
Si
Si
6©
61
62
83
S4
6§
66
@7
68
©9
7©
'this is a copyrighted series used by permission; it may not be reproduced without written permission from McGraw-Hill Information Systems Company, F.W. Dodge Division.
Current data for these series are shown on page 72.
BCII
APRIL 1971
23
Section [|| CYCLICAL INDICATORS
Economic Process and Cyclical Timing
[ Chart Bel] FIXED CAPITAL INVESTMENT—Con.
Leading Indicators—Con.
(July)
P
(Aug.)
T
(Mas?) (Feb.)
P
T
9. Construction contracts, commercial and industrial [mil sq. ft,
T
~" offloor
"""*"
" "r~r-'
2.2.
2,01.81.61.411.2 -
28, New private housing units started, total (and. rate, milions; MCD moving ayg.-5-tenn)
1.0-
51
52
53
54
S5
56
S7
S8
§9
60
61
63
63
64
65
67
68
69
70
71 1972
'This is a copyrighted series utod.by permission; It may not be reproduced without written permission from the source agency.
Current data for these series are shown on pages 72 and 73.
24
APRIL 1971
CYCLICAL INDICATORS Economic Process and Cyclical Timing
Section B
FIXED CAPITAL INVESTMENT—Con.
Roughly Coincident Indicators
(July)
P
(Aug.)
T
(July) (Apr.)
P
I
Backlog of Investment Commitments
120100-
:J_
trs, durable goods
j
96. Manufacturers' unfilled orders,
industries (bil, dot,;
97. Backlog of capital appropriation
i
Lagging Indicators
investment Expenditures
_ v,
...„
^.... r .; ,..„ .;
-__,.^.,:...,
,,. . ;: -
*61. Business expendrtures,7ew plant and equipment, Q (ann. rate, bil. dot.
120100-
69. Machinery and equipment sales and business construction
expenditures (ann. rate, I, dot.]1
80
40J
IJLJLjlJL
1950
51
52
53
§4
'
•
55
UiJu-
56
57
i
58
,JLJL,1
59
60
61
62
63
64
65
66
67
68
69
70
71 1972
'This is a copyrighted series used by permission; it may not be reproduced without written permission from The Conference Board.
Current data for these series are shown on page 73.
APRIL 1971
25
Section B
CYCLICAL
Economic Process and Cyclical Timing
[ Chart B4 ] INVENTORIES AND INVENTORY INVESTMENT
Leading Indicators
(Aug.)
(July) Wpr.)
1
!
(May) (Feb.)
IP
!
Inventory Investment and Purchasing
245, Change in business inventories, Q (ann. rate, bil. do).]
*31. Change in book value, manufacturing and trade inventories
(arm. rate, bil. dot.; MCD moving avg.-5-temf)
37. Purchased materials, percent of companies reporting higher inventories
20. Change in book value, manufacturers' inventories of materials and supples
(ann. rate, bit. dot.; MCD moving avg.-6-term)
26. Buying policy, production materials, percent of companies
reporting commitments 60 days or longer
Currant data for thtrie iserlei are shown on page 74.
26
APRIL 1971
BUI
Section B
CYCLICAL INDICATORS Economic Process and Cyclical Timing
INVENTORIES AND INVENTORY INVESTMENT—Con.
Leading Indicators—Cori.
Inventory Investment and Purchasing - Con.
32. Vendor performance, percent of companies reporting slower deliveries
25. Change in unfilled orders, durable goods industries
(bit. do I.; MCD moving avg.-4-term)
Lagging Indicators
*71. Book value, manufacturing and trade inventories (bit. dol.j
65. Book value of manufacturers' inventories, finished goods (oil. dol.)
NOTE: For this economic process (i.e., Inventories and Inventory Investment), no roughly coincident indicators have as yet been selected.
Current data for these series are shown on page 74.
ItCII APRIL 1971
27
Section B
CYCLICAL INDICATORS
Economic Process and Cyclical Timing
Chart BsJ PRICES, COSTS, AND PROFITS
Leading Indicators
*W
(Apr.)
P J
(Aug.)
T
(May) (Fab.)
P T
160 =
140*
120100 -
140-1
100-
4S«
*16. Corporate profits after taxes, Q
A
16-
15, Profits (after taxes) per dollar of sales, manufacturing, Q (cents)
1950
51
52
54
SS
56
57
58
59
60
61
62
63
64
65
66
67
68
70
71 1972
Current data for these ser les arc shown on page) 75.
28
APRIL 1971
BCII
Section B
CYCLICAL INDICATORS Economic Process and Cyclical Timing
PRICES, COSTS, AND PROFITS—Con.
Roughly Coincident Indicators
(July)
(Aug.)
(July) (Apr.)
...fL. J
P_____T
(May) (Feb.)
P
120
UornprehensiVG Wholesale Prices
110105-
55. Wholesale prices, industrial commodities (index: 1967=100)
100J
58 'Wholesale prices, manufactured goods (index: 1967=100]
1
£
Lagging Indicators
0.850.800.75-
68. Labw cost (cur. dol.J per unit of real corporate gross product, Q [dollars)
0.70-
0.65130-
H
*62. Labor cost per unit Of output, manufacturing (index: 1957-59-100)
125-
toils'
110-
105- ^
«j
M
100-
95-
85-
1950
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
7©
71 1972
Current data for these series are shown on pctge 75.
APRIL 1971
29
Section B
I
Chart B6 ]
flfPAfl
C VfPO
V v^iLU^/rtlU
[
ilfJMfTfiC
UUvJlU'L
Economic Process and Cyclical Timing
MONEY AND CREDIT
Leading Indicators
p
I
Flows of Money and
98. Change in money supply and time deposits (ann. rate, percent;
MCD moving avg.-6-terTn |
J
it
|M|
11 a i
85. Change in money supply (ami. rate, percent; MCD moving avg.-6-teim)
33, Change in mortgage debt (ann. rate, bit. dol.)
113. Change in consumer installment debt (arm. rate, bit dol.}
112. Change in business loans fann. rate, bit. dol.;
MCD moving avg.-6-termJ
Current data for those terlet are shown on page 76.
30
APRIL
1971
Economic Process and Cyclical Timing
Section B
MONEY AND CREDIT^Con.
Leading Indicators—Con.
(July)
(Aug.)
(tell/) (Apr.)
P
I.
(May) (Feb.)
P. I
110. Total private borrowing, Q (am. rate, bii. dol.)
14. Liabilities of business failures (mil. dol.- inverted scale
BCD moving avg.-6-term)
"
^
39. Delinquency rate, 30 days and over, total installment loans'
(percent'-inverted scale)
Current data for these series are shown on page 76.
itcn
APRIL 1971
31
Section B
CYCLICAL INDICATORS
Chart
MONEY AND CREDIT—Con.
B€M
Economic Process and Cyclical Timing
Roughly Coincident Indicators
(July)
(Aug.)
P
T
(Mai?) (Fib.)
P
T
-1.5 T
$3. Free re*«r**s (hil. do I.-in verted scale)
114. Treasury bill rate (percent]
116. Corporate bond yields (percent)
115. Treasury bond yields (percent)
117. Municipal bond yields (percent)
4-
3-
19SO 51
92
93
'34
56
57
58
59
SO 01
62
63
64
6S
66
67
68
70
71 1972
Current data for thiiso nerles are shown on page 77.
32
APRIL 1971
ItCII
Section B
CYCLICAL INDICATORS Economic Process and Cyclical Timing
MONEY AND CREDIT—Con.
Lagging Indicators
(July)
P
(July) (Apr.)
...?
T
(Aug.)
I
*72. Commercial and industrial loans outstanding,
weekly reporting large commercial banks (bit. dol.)
, Bank rates on snort-term business loans, Q (percent]
118. Mortgage yields, residential (percent)
1950
51
52
53
54
155
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71 1972
Current data for these series are shown on poge 77.
APRIL 1971
33
Selected Indicators by Timing
Section
E_Ctart_B7]
COMPOSITE INDEXES
(July)
(Aug.)
(My) (Apr.)
(May) (Feb.)
P . .I
810. Twelve teattng indicator*, reverse treitf adjusted
(series 1,5, 6,10,12,16,17,19, 23, 29, 31,113]
coincident indicators, estimated aggregate
economic activity (series 41 : 43, 47, 52, 56]
A
830. Six lagging indicators (series H 61, 62, 67, 71. 72)
Current data for those series are shown on page 78. Number* entered on the chart Indicate length of leads (-) and lags | + ) In months from reference turning dates,
1 Reverse trend adjusted Index of 12 leaders contains the same trend as the Index of S coincident indicators.
34
APRIL 1971
BCII
QC/TO^S Selected Indicators by Timing
Section B
COMPOSITE INDEXES—Con.
811. Twelve leaders, prior to trend adjustment
(series 1, 5, 6,10,12,16J7,19, 23, 29, 31, lib)
813. Marginal employment adjustments (series I 2, 3, 5)
814. Capital investment commitments (series 6,10,12, 29)
815. Inventory investment and purchasing (series 23, 25, 31, 37)
816. Profitability (series 16,17,19)
817. Sensitive financial flows (series 33, 85,112,113)
Si
§2
S3
§4
i5
Current data for these series are shown on page 78.
KU) APRIL 1971
35
Section B
CYCLICAL INDICATORS
Selected Indicators by Timing
[Jlhart BjU NBER SHORT LIST
Leading Indicators
(July)
P
(Aug.)
T
(May) (Feb.)
P
T
(July) (Apr.)
P
T
42[
"
li
Average workweek, production workers] manufacturing (hours!
41.
40 39«
150*
*5. Average weekly initial claims, State unemployment insurance (thousands-inverted scale]
*12. Net business formation (index: 1957-59=100)
*6. New orders, durable goods industries (bil. dot.)
*10 Contracts and orders, plant and equipment [bil. dol.)
1950
51
62
53
54
$5
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71 1972
Current data for these series are shown on pages 69, 72, and 73.
36
APRIL 1971
ItCII
Section B
CYCLICAL INDICATORS Selected Indicators by Timing
NBER SHORT LIST—Con.
Leading Indicators—Con.
(July)
P
(Aug.)
T
(July) (Apr.)
P
™
T
rate, bi!. dol.; MCD moving avg.»5%«nj
*23. Industrial materials prices (index: 1967*100)
*19. Stock prices, 500 common stocks [fridex: 1941-43=10]
*16. Corporate profits after taxes, Q (aim. rate, bi. dol.)
*17. Ratio, price to unit labor cost, manufacturing {index: 1957-59-1
Change in consumer installment debt (arm. rate, bit dot.)
1950
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71 1972
Current data for these series are shown on pages 74, 75, and 76.
KU)APRIL 1971
37
Section B
CYCLICAL WDOrtTO^S
Selected Indicators by Timing
[ Chart BS] NBER SHORT LIST—Con.
Roughly Coincident Indicators
(July)
Way) (Feb.)
IF
I
*200. GNP in current itfollars, 0 [ana rate, bit. M.
*205. GNP in 1958 dollars,
Q (ann. rate, fail dot.)
47. Industrial production (index: 1957-59=100]
Personal income (aim. rate, bil.
Sales of retail stores (bILJidoL)
Unemployment rat$, total (percent-inverted scale]
Current data for thot
s shown on pajje* 70 and 71.
38
APRIL 1971
KCII
Selected Indicators by Timing
Section B
NBER SHORT LIST—Con.
Lagging Indicators
(July)
(Aug.)
(Ills/) (Apr.)
P
T
(May) (Feb.)
P
T
'44. Unemployment rate, persons unemployed 15 weeks and over [percent-inverted scale)
Q (ann. rate, bil. dol.)
manufacturing and trade inventories (bil. dol.
Labor cost per unit of output, manufacturing (index: 1957-59 100)
*72. Commercial and industrial loans
weekly reporting
-tenn business bans. Q [percent)
!
r
Current data for these series are shown on pages 70, 73, 74, 75, and 77.
APRIL 1971
39
ANTICIPATIONS AND INTENTIONS
AGGREGATE SERIES
(July) (Apr.)
P
T
P
T
90-1
81, Business expenditures for new plant
and oqUpnwnt, aH industries, Q
60°
10-
110
[b] Second anticipations as
percent of actual (percent)
m
L?t ft
??
I
,9
o
.
«?
n
ti
100-
HOT
(c) First anticipations as
percent of actual (percent)
m
too-
1
95, .; , , JUL,!. . .......
1957
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
1973
Current data for these seniex are shown on page 79.
40
APRIL 1971
licit
Section C
ANTICIPATIONS AND INTENTIONS
AGGREGATE SERIES—Con.
(July) (Apr.)
P
T
410, Manufacturers' sales, total value, Q (bil. del.)
412. Manufacturers' inventories, total
book value, Q (bil. dol.J
*ti4. uOflQiuQn oi ntatHiTacturers mvemones;
percent considered high less percent
considered low, Q (percent!
of manufacturers' capacity:
idered inadequate less percent
excessive, Q (percent)
1
.JUL.il
1957
58
i i
59
'. 'litJut
60
61
62
72
1973
Current data for these series are shown on page 79.
APRIL 1971
41
Section C
ANTICIPATIONS AND INTENTIONS
Chart Cl
AGGREGATE SERIES-Con.
(July) (Apr.)
P
T
(May) (Feb.)
P
I
420.
Currant ftconw of households compared to income a year ago, Q
(a) Percent of households reporting no change in family income (percent)
D
(b) Psrcwrt of households reporting higher family income (percent]
(c) Percent of households reporting lower family income (percent)
20'
425, Mean probability of substantial changes in income of households, Q
i
(a) Mean probability of increase in family income (percent)
../V
..../
15/V
(b) Increase less decrease (percent)
^/
1
(c) Mean probability of decrease in family Income (percent)
*«n-^^
*^*
*,
x
''*"%...r'
:
f '"'It
X
-
\
10-
• « : • • - "
>.r.*-*.^.^>-Vk (..*.^..**^"^ *
v
:
4
Number of nui • cars purchased by households, Q
(aon. rats, ml
!_.,_. r, Mn-.. n #. : • • .
|
^^_^ - - . - . . • , -
^ (a) Actual (quarterly)^
(c) Anticipations
•?.;.. .'a; ..MR..... lU«
1
,VA.
7^
-J
O.
A
f actual data (percent)
nini
11
I
435.
E3
J r .
9
6
116
105100 =
—
S5-
—
110-
Index of consuner sentimont, Q (1st Q 1986=100)
s A.
Hi:
70-
1997
§8
!ii
60
€1
62
63
64
65
66
67
68
69
70
71
72
1973
Current data for thoio terles are shown on page 79.
42
APRIL 1971
BCII
Section C
ANTICIPATIONS AND INTENTIONS
DIFFUSION INDEXES
(July) (Apr.)
P
T
(May) (Feb.)
P
T
Diffusion indexes: percent rising
[plotted at terminal quarts
Actual Anticipated *
100 -
0440. New orders, manufacturing (4-Q span)1
75-
50-
25.
s
100
0442. Net profits, : manufacturing and trade (4-Q span)1
l
.*..
•
i'
I ..*"•• ;fc£l-»-..
j|
i;
.**,
'"
75-
50-
23*
100 -
1
D444, Net sales, manufacturing and trade (4-Q span)
.?••»„
75*
50-
25751
1
D446. Number of employees, manufacturing and trade (4-Q span)
50-
25 J
1957
58
59
60
61
62
63
64
65
6@
67
68
69
71
72
1973
Current data for these series are shown on page 80.
'This is a copyrighted series used by permission; it may not be reproduced without permission from Dun & Bradstreet, Inc.
BCII
APRIL 1971
43
Section C
ANTICIPATIONS AND INTENTIONS
Chart £2^] DIFFUSION INDEXES—Con.
(July) (Apr)
P
T
(May) (Feb.)
P
T
Diffusion indexes;
(plotted at terminal
100 <^
D450. Level of inventories, manufacturing and trade [4-Q span)1
75
0460. Setting prices, manufacturing and trade (4-Q span)1
0462. Selling prices, manufacturing (4-Q span)1
75
D464. Selling prices, wholesale trade |4-Q span)1
75
0466. Selling prices, retail trade (4-Q span)1
75
19B7
58
63
64
65
66
67
68
6i
70
71
72
1973
Current data for these ierf<« aro shown on page $0,
'This Is a copyrighted uerlos used by permission; it may not be reproduced without permission from Dun & Brattstreet, Inc.
44
APRIL 1971
Section C
ANTICIPATIONS AND INTENTIONS
DIFFUSION INDEXES—Con.
(July) (Apr.)
P
T
(May) (Feb.)
P
T
Diffusion indexes: percent rising
(plotted at terminal quarter;
061. Business expenditures for new plant and equipment, all industries (1-Q span]
i
•
(a) Actual expenditures
D480. Freight carloadings (4-Q span)
480. Change in freight carloadings (4-Q span]
(millions of cars)
1957
58
70
71
72
1973
Current data for these series are shown on pago 81.
BUI
APRIL 1971
45
OTHER KEY INDICATORS
[ Chart 01
FOREIGN TRADE
(July)
P
(Aug.)
I
(July) (Apr.)
P T
(May) (Feb.)
P
T
500. Merchandise trade balance (bit dot; MCD moving avg.-6-term)
502. Exports, except military att (bit. do).; MCD nwving
Export orders, nonelectrical
1957-59=100;
00; MCD movt* av£.-4-temt)
MCP mm *tfg.~4-tefmj
§1
92
S3
§4
S5
5®
§7
58
99
60
61
62
64
©9
66
67
68
69
?0
71 1972
Current data for thetci iorlei are shown on page 82.
46
APRIL 1971
BCII
Section D
OTHER KEY INDICATORS
BALANCE OF PAYMENTS AND MAJOR COMPONENTS
U.S. Balance of Payments, Q
+ 1-
-2in liquid liabilities plus certain nonliquM liabilities
to foreign monetary official agencies)
=3-
-4J
Major Components, Except Military
Grants of Goods and Services
Annual rate, bilfon dollars
r~16
Excess of receipts (inflow)
Excess of payments (outflow]
+ 12525. Net capital movements, liquidity balance basis1
(outflow (-) left scale)
+ 8-
+ 4-
X
250, Balance on goods and services
(surplus (+1 right scale)
520. liquidity balance
nil
527. Net capital movements,
official settlements basis1
{outflow 1-] ten scate)
p-16
+ 12-
--12
- -8
522. Official settlements balance
i
/
4-4 =
, i
250. Balance on goods and services
(surplus (+) right scale)
1950 51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
7© 71 1972
Current data for these series are shown on page 83. Annual totals are used prior to 1960 except for series 520.
*The 1970 figures for series 520, S22, 525 anit 527 Include $217 million allocation of Special Drawing Rights.
APRIL 1971
Includes unilateral transfers and errors and omission*.
47
Section D
OTHER KEY INDICATORS
Chart DsH
BALANCE OF PAYMENTS AND MAJOR COMPONENTS—Con.
MHi^'
Major Components, Except Military Grants
of Goods and Services-Con.
BHiion dollars!
530. Liquid liabilities to all foreigners, outstanding at end of period
532. Liquid and certain nonttquid liabilities to
foreign official agencies, outstanding at end of period
4J
534, U.S. official reserve assets-reserve position aTend of period
li§0 Bl
52
S3
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71 1972
Current data for ttase series are shown on page 83. End of year figures are used prior to 1960.
Digitized for ™
FRASER
APRIL 1971
Section D
OTHER KEY INDICATORS
BALANCE OF PAYMENTS AND MAJOR COMPONENTS-Con.
Goods and Services Movements,
Except Transfers Under Military Grants
Annual rate, billion dollars
Excess of receipts
CU Excess of payments
Goods and services252. Exports
250. Balance on goods and services
2916-
12-
investment income, milrtary sales
and expenditures, and other services-
541. Imports
^^
4J
1950 Si
52
53
54
!55
56
57
58
59
60
61
62
63
64
65
66
67
63
71 1972
Current data for these series are shown on page 83. Annual totals are used prior to 1960.
ItCII
APRIL 1971
49
Section
Chart
D2
2]
OTHER KEY INDICATORS
BALANCE OF PAYMENTS AND MAJOR COMPONENTS-Con.
Investment ikoib, Military Sales
and Expenditures, find Other Services
i Annual rate, hilkm dollars
ES2 Excess of receipts (inflow)
EH Excess of payments (outflow)
Investment income542. Income on U.S. investments abroad
543. fncome on foreign investments in the U.S.
Travel-
545. Payments by U.S. travelers abroad
544. Receipts from foreign travelers in the U.S.
Military sales and expenditures-
547. U.S. military expenditures abroad
"T~—
;*-»-*S-A,
546. Military safes to foreigners
transportation and other services-
549. Payments
Current data for thcie i,erlei are thown on page 84. Annual totals are used prior to 1960.
50
APRIL 1971
BCII
Section D
OTHER KEY INDICATORS
BALANCE OF PAYMENTS AND MAJOR COMPONENTS-Con.
Capital Movements Plus Government
Nonmilitary Unilateral Transfer^
Annual rate, billion dollars!
^ Excess of receipts (inflow)
EH Excess of payments (outflow]
Direct investments-
561. U.S. investments abroad
560. Foreign investments in the U.S.
Securities investments565: U.S. purchases of foreign securities
564. Foreign purchases of U.S. securities
570. Government grants and capital transactions, net
575. Banking and other capital transactions, net
1950
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71 1972
Current data for these series are shown on page 84. Annual totals are used prior to 1960.
IICII
APRIL 1971
51
Section D
OTHER KEY INDICATORS
[ Chart D3
D3i] FEDERAL GOVERNMENT ACTIVITIES
(July)
P
(Aug.)
I
(July) (Apr.)
P T
(May) (Feb.)
P T
Receipts and Expenditures,
600. Federal surplus or deftct, national income and product accounts, Q (ann. rate, bil. ctol.)
200601. Federal receipts, national income and product accounts, Q (ann. rate, bil. do).]
120186=
10 =
602. Federal expenditures, national income and product accounts, Q {ann. rate, bit. dot.)
1950
51
52
53
54
55
56
57
58
59
60
SI
62
63
64
6S
66
67
68
69
70
71
1972
Current data for thBio terles are shown on page 85.
52
APRIL 1971
ItCIt
Section D
OTHER KEY INDICATORS
FEDERAL GOVERNMENT ACTIVITIES—Con.
(Ady)
(Aug.)
P
T
_
(luly) (Apr.)
T
(May) (Fib.)
P I
-—---
264. National defense purchases, 0 (ann. rate, bil. dol.)
7-
618. Defense Dfepaftmem obligations^totat |W. dol.;iMCD Coving avg.-S^eim) ,
6-
. Defense Department obligations, procurcmetrt
m do).; MCD moving avg.-6-term)
. dol; MCD moving avg.~6-temt)
defense
products
(bil. dol.)
1J
625, Military contract awards in U.S.
\m. dot.; MUU moving avg.-b-ierm]
3=
2-
1950
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71 1972
Current data for these series are shown on page 85.
APRIL 1971
53
Section D I OTHER KEY INDICATORS
[jChart JM] PRICE MOVEMENTS
Only)
P.
(Aug.)
T
1950 51
(July) (Apr.)
T
(May) (Fei)
P
T
1972
Current data for theie series are shown on page 86,
54
APRIL 1971
!!€!»
Section D
OTHER KEY INDICATORS
PRICE MOVEMENTS—Con.
(July)
(Aug.)
(July) (Apr.)
.P. I
(May) (Fib.)
P
I
Current data for these series are shown on page 86.
BCD
APRIL 1971
55
ANALYTICAL
Chart El
ACTUAL AND POTENTIAL GROSS NATIONAL PRODUCT
Mr) (Hpq
P
• •
1950 51
ii'.
52
A
53
.
54
55
« .. i
56
57
(«a» (Feb.)
I
P
: • , '....;.„..,:
S8
59
T
•
60
s
61
;';..., . . • ; . . . : u.;,._:_,.,,. , , :
62
63
§4
65
;.
6S
67
68
70
71 1972
Current doto for thei* tarloi are shown on pa$e 87,
* Trend line of 3.S percent per year (Intersecting actual line In middle of 1955) from 1*t quarter 1952 to 4th quarter 1962, 3.75 percent from
4th quarter 1962 to 4th quarter 1965, 4 percent from 4th quarter 1965 to 4th quarter 1969 and 4.3 percent from 4th quarter 1969 to Iftt quarter 1971
56
APRIL 1971
BCII
Section E
Chart E2
ANALYTICAL RATIOS
(luly)
(Aug.)
(P
T
(July) (Apr.)
P
T
_
_ ]
^ 8SO.Jatio, output to capacity, manufacturing, Q Jpjrcent)
__
inventories fclales, maimfaa&ririglnlrtrair^
852. Ratio, unfilled orders to shipments,
iaraiit^^
tnttex: 1957-59=100]
'JLLJI
1950
51
52
§3
55
56
§7
58
59
60
61
©4
65
66
67
1972
Current data for these series are shown on page 88.
APRIL 1971
57
Section B
ANALYTICAL
Qchart ef] ANALYTICAL RATIOS—Con.
(July) (Apr.)
P.
T
(May) (Feb.)
F
T
854. Ratio, personal saving to disposable personal income, Q
955. Ratio, nonagricuttural job openings unfilled to number of persons unemployed
858. Output per man-hour, total private nonfarm, Q (index: 1967=100)
85$. Real average hourly earnings, production workers,
manufacturing (19«7(toHarsj
Real spendable average weekly earnings, mmagrtcuttnrai
production or nonsupervisory workers [1967 dollars)
857. Vacancy rate in total rental housing, Q {percent)
Current data for thine iierles are ihown on page 66.
58
APRIL 1971
BCII
Section E
ANALYTICAL MEASURES
DIFFUSION INDEXES
Leading Indicators
(July)
.P
(Aug.)
1
(July) (Apr.)
P
(May) (Feb.)
P
!.„.
T
Percent rising
01. Average workweek, production workers, manufacturing-21 industries [9-mo. span— t 1-mo. span---]
06. New orders, durable go
industries-36 industries (9-mo. span—, 1-mo. span—]
iations-17 industries |3-Q span***, 1-Q span*-*.)1
DM. Profits, FNCB of NY, percent reporting higher profits-about 1,000 manufacturing corporations (1-0 Span)
019. Stock prices, 500 common stocks-77 industries (9-mo. span*-*, 1-mo, span—-)
023. industrial materials proies-ia industrial materials (9-mo, span — ,i 1>mo. i$pan—)
05. Initial claims, State unemployment insurance-47 areas (percent declining; 9-mo. span—, 1-mo. span----)
«
L UL'LiLl
1950 51
52
53
54
i '
i '
55
- I
56
JLJJ i _
57
58
-
59
JLJL it
60
i
i i
61
62
, i
i
63
64
'
65
66
67
i
68
69
71 1972
Shis is a copyrighted series used by per miss; ion; It may not be reproduced without written permission from The Conference Board.
Current data for these series are shown on pc:ges 89 and 90.
APRIL 1971
59
ANALYTICAL MEASURES
[ Chart E3 ] DIFFUSION INDEXES—Con.
Roughly Coincident Indicators
(July) (Aug.)
P . . ....I
(May) (Feb.)
P T
(July) (Apr.)
P
T
Percentrising
D41. Employees on nonagricurtural payrols-30 industries (6-mo. span—, 1-mo. span-—)
D47. Industrial production -24 industries (6-mo. span — , 1-mo. span—]
058. Wholesale prices, manufactured goods-22 industries (6-mo. span—, 1-mo. span-—)
054..
UUUUl .
1§50 Bi
52
53
54
•
Sates of retail stores- 23 types of stores (9-mo. span—, 1-mo. spaa—)
LJLfU.
S5
S6
57
'
58
..'.
59
.•_(;..
60
61
62
63
64
65
66
67
68
69
70
71 1972
Current data for thote series are shown on page 91.
60
APRIL 1971
ItCII
Section E
ANALYTICAL MEASURES
RATES OF CHANGE
(July) (Apr.)
P
T
(May) (Feb.)
P
T
200. (cj GNP in current dollars (1-Q span)
205. (c) GNP in constant dollars (1-Q span]
82(1. Composite index of 5 coincident indicators (series 41, 43, 47, 52, 56)
48. Man-hours in nonagricultural establishments
-10-20 J
+10-
55. Index of wholesale prices, industrial commodities (seas, adj.]
*a-§J
+10-
781. Index of consumer prices, all items (seas, adj.)
+5-
I
o1957
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
1973
To locate basic data for these rates of change, consult 'Index—Series Finding Guide,* pp. f 13 and 114
BCII
APRIL 1971
61
Section
FP.
f ut.
_CharTFl]
1950
SI
52
F
INTERNATIONAL COMPARISONS
CONSUMER PRICES
53
54
55
§6
57
58
59
60
il
62
63
64
0S
66
67
68
S9
70
71 1972
Current data tor the se tor let are shown on pftge 98.
02
APRIL 1971
Section F
INTERNATIONAL COMPARISONS
INDUSTRIAL PRODUCTION
Current data for these series are shown on puge 99.
BCII
APRIL 1971
63
INTERNATIONAL COMPARISONS
[ Chart
F3i] STOCK PRICES
Stock prices19. United States
SI
52
53
§4
IS 5
57
58
Si
60
61
64
65
66
67
7©
71
1972
Current data for those series are thown on pape 100.
64
APRIL 1971
NATIONAL INCOME AND PRODUCT
GROSS NATIONAL PRODUCT
Year
and
quarter
205. Constant (1958) dollars
200. Current dollars
a. Total
(Ann. rate,
bil. dol.)
b. Difference
(Ann. rate,
bil. dol.)
c. Percent
change
at annual
rate
a. Total
b. Difference
(Ann. rate,
bil. dol.)
(Ann. rate,
bit. do!.)
210, Implicit price deflator
c. Percent
change
at annual
rate
a. Total
b. Difference
(Index:
1958-100)
(Index:
1958=100)
c. Percent
change
at annual
rate
1968
First quarter...
Second quarter..
Third quarter...
Fourth quarter..
834.9
858.1
875.8
891.4
+19-0
+23-2
+17.7
+15.6
907.6
923.7
942.6
951.7
+16.2
+16.1
+4.9
+5'. 9
+7.1
+4.2
+2.8
120.4
121.6
122.9
124.2
+1.0
+1.2
+1.3
+1.3
+3.5
+4.3
+4.2
+4.5
722.1
726.1
730.9
729.2
+4.6
+4.0
+4.8
-1.7
+2.6
+2,2
+2.7
-0.9
125.7
127.2
129.0
130.5
+1.5
+1.5
+1,8
+1.5
+4.7
+5.0
+5.6
+4.9
+3.3
+4.9
+6.1
+1.8
723.8
724.9
727.4
720.3
-5.4
+1.1
+2.5
-7.1
-2.9
+OL6
+1.4
-3i.9
132.6
134-0
135.5
137.4
+2,1
+1.4
+1.5
+1.9
+6.4
+4.3
+4.6
.+5.9
PKL2.0
P731.6
Pfll.3
P139.2
Pfl.8
Pf5.2
+3.5
+7.4
693-5
705.4
712.6
717.5
+11.9
+7.2
+7.4
+7.3
46.4
+3.9
+9.6
+11.6
+9-9
1969
First quarter...
Second quarter..
Third quarter...
Fourth quarter..
+18.9
+9.1
1970
First quarter...
Second quarter. Third quarter...
Fourth quarter..
959-5
971.1
985.5
989.9
+7.8
+11.6
+U.4
pL,Ol8.4
Pf28.5
1971
First quarter...
Second quarter .
Third quarter...
Fourth quarter..
GROSS NATIONAL
PRODUCT-Con.
Year
and
quarter
215. Per capita
GNPf current
dollars
NATIONAL AND PERSONAL INCOME
217. Per capita 220, National
income in curGNP, constant
rent dollars
(1958) dollars
222, Personal
income in current dollars
Disposable personal income
224. Current
dollars
(Ann. rate,
dollars)
(Ann. rate,
dollars)
(Ann. rate,
bil. dol.)
(Ann. rate,
bit. dol.)
(Ann. rate,
bil. do!.)
225. Constant
(1958) dollars
(Ann. rate,
bil. dol.)
226. Per capita, 227. Per capita,
current dollars
constant (1958)
dollars
(Ann. rate,
dollars)
(Ann, rate, dol.)
1968
First quarter...
Second quarter.
Third quarter ..
Fourth quarter..
4,177
4,283
4,359
4,425
3,469
3,521
3,547
3,562
687.2
706.1
722.2
735.2
664.0
680.9
697.6
712.5
574.9
588.4
595.6
606.0
492.3
498.6
501.2
504.0
2,876
2,937
2,964
3,008
2,462
2,489
2,495
2,502
4,496
4,565
4,646
4,676
3,577
3,589
3,602
3,583
749-3
764.0
779.5
785.2
725.8
741.1
758.1
770.5
612.0
623.0
640.6
650.6
504-7
507.5
515.9
517.8
3,032
3,079
3,156
3,197
2,500
2,508
2,542
4,703
4,748
4,805
4,812
3,548
3,544
3,546
3,501
791.5
797.4
806.6
r804.8
782.3
801.3
807.2
813.3
665.3
683.6
693.0
697.2
522.9
532.0
534-2
530.0
3,261
3,342
r3,378
3,389
2,563
2,601
2,604
2,576
P4,937
P3,547
(NA)
P831.4
P714.9
P538.2
p3,466
p2,609
1969
First quarter...
Second quarter.
Third quarter ..
Fourth quarter..
1970
First quarter...
Second quarter.
Third quarter ..
Fourth quarter .
1971
First quarter...
Second quarter.
Third quarter ..
Fourth quarter..
NOTE: Series are seasonally adjusted except those series that appear to contain no seasonal movement. Unadjusted series are indicated by © . Series numbers are for
identification only and do not reflect series relationships or order. Complete titles and sources are shown at the back of the book. The'V' indicates revised; "p", preliminary;
"e", estimated; ''a", anticipated; and "NA", not available.
Graphs of these series are shown on pages 9, 10, and 61 -
B€l»
APRIL 1971
65
NATIONAL INCOME AND PRODUCT
PERSONAL CONSUMPTION EXPENDITURES
Year
and
quarter
230. Total in
current dollars
231. Total in
constant (1958)
dollars
232. Durable
goods, total in
current dollars
(Ann. rate,
bil.dol.)
(Ann. rate,
bil. dot.)
(Ann. rate,
bil.dol.)
234. Automobiles
233. Durable
goods, total except in current dollars
autos, in current
dollars
(Ann. rate,
bil. dol.)
(Ann. rate,
bil. dol.)
(Ann. rate,
bil. dol.)
(Ann. rate,
bil. dol.)
237« Services in
current dollars
236. Nondurable
goods in current
dollars
1968
First quarter.,,.
Second quarter..
Third quarter. „.
Fourth quarter..
5X9.7
539.1
534.8
550.8
445.0
44B.4
457.7
458,1
79.9
82.6
86.7
86.9
51.5
53.4
54-7
55.6
28.4
29.2
32.0
31.3
225.6
227.6
232.6
234.8
2M-2
218.9
224.5
229.0
5^1.8
573.3
5&2.1
592.6
463-3
467.1
468.7
471.7
89.1
90.6
89.5
90.8
57.6
59.1
57.9
58.3
31.5
31.5
31.6
32.5
239.2
244.0
248.1
252.0
233.5
238.7
244.5
249-8
603.1
6H.4
622.1
627.0
474.0
478.1
479.6
476.6
89.1
91.9
91.2
85.3
60.2
61.5
61.3
61.3
28.9
30.4
29.9
24.0
258.8
262.6
265.8
271.5
255.2
259-9
265.1
270.2
P644.7
P485.3
P96.1
p6l.8
P34.3
P272.5
p276.0
1969
First quarter.,,.
Second quarter,.
Third quarter..,.
Fourth quarter,.
1970
First quarter.,,.
Second quarter. *
Third quarter. „.
Fourth quarter,.
1971
First quarter,,.
Second quarter .
Third quarter.,.
Fourth quarter..
GROSS PRIVATE DOMESTIC INVESTMENT IN CURRENT DOLLARS
Year
and
quarter
240. Total
(Ann. rate,
bil.dol.)
241. Nonresidential
fixed investment
242. Nonresidential
structures
(Ann, rate,
bil.dol.)
(Ann. rate,
bil. dol.)
243. Producers'
durable equipment
(Ann. rate,
bil.dol.)
244. Residential
structures
(Ann. rate,
bil. dol.)
245. Change in
business inventories
(Ann. rate,
bil. dol.)
1968
First quarter. ,.
Second quarter.
Third quarter ,.
Fourth quarter,.
119.8
127.3
126.5
132.6
68.3
86.4
88.3
91.6
29.8
28.9
29-4
30.3
58.5
57.5
59.0
61.3
28.8
30.6
29.9
31.7
+2.6
+10.4
+8.2
+9.3
136.0
139.3
H3.8
140.2
95.7
97.5
101.5
102.6
32.6
32.3
35.2
35.1
63.1
65.2
66.3
67.5
33.0
33.9
31.0
30.4
+7.4
+7.9
+11.3
+7.2
133.2
134.3
138.3
137.1
102.6
102.8
103-6
101.3
35.7
35.3
35.0
34.7
66.9
67.5
68.6
66.6
29.1
28.4
29.2
32.2
+1.6
+3.1
+5.5
+3.6
PU2.9
P105.1
P36.3
p68.8
P35.4
P+2.4
1969
First quarter.,.
Second quarter.
Third quarter ,,
Fourth quarter,.
1970
First quarter..,.
Second quartet .
Third quarter „.
Fourth quarter .
1971
First quarter.,.
Second quarter.
Third quarter ,.
Fourth quarter..
NOTE: Series are seasonally adjusted except those series that appear to contain no seasonal movement. Unadjusted series are indicated by ®. Series numbers are for
identification only and do not reflect series relationships or order. Complete titles and sources are shown at the back of the book. The "r" indicates revised; "p"t preliminary;
"e", estimated; "a", anticipated; and "NA", not available.
Graphs of these series are shown on pages 11 and 12.
66
APRIL 1971
KCII
NATIONAL INCOME AND PRODUCT
H
Q| FOREIGN TRADE IN CURRENT DOLLARS
Year
and
quarter
250. Net exports
of goods and
services
(Ann. ratet
bil. dol.)
252. Exports
of goods and
services
253. imports
of goods and
services
(Ann. rate,
bil. dol.)
(Ann. rate
bil.dol.)
GOVERNMENT PURCHASES OF GOODS AND SERVICES
IN CURRENT DOLLARS
260. Total
262. Federal
(Ann. rate,
bikdol.)
264. National
defense
(Ann. rate,
bil. 'dol.)
(Ann. rate,
bil. dol.)
266. State and
local
(Ann. rate,
bil. dol.)
1968
First quarter
Second quarter.
Third quarter
Fourth quarter. . . .
1969
+1.8
+3.4
+3.4
+1.4
47.7
50.7
53.2
50.9
45.9
47.3
49.8
49.5
193.6
198.3
202.1
206.7
96.4
98.9
100.7
101.9
76.3
77.8
78.6
79.2
97.2
99-4
101.4
104.7
First quarter
Second quarter. ....
Third quarter
Fourth quarter
+1.3
+1.3
+2.6
+2.6
47.8
57.2
58.3
58.8
46.5
55.9
55.6
56.2
208.5
209.9
100.9
99.8
102.5
102.1
78.6
77.9
79.8
78.8
107.5
110.1
111.6
114.2
+3.5
+4.1
+4.2
+2.6
61.1
62.8
62.8
62.0
57.6
58.7
58.6
59.3
219.6
218.4
221.0
102.3
223.2
99.7
98.6
98.2
79.3
76.8
75.8
74.6
117.4
118.7
122.4
125.0
p6l.3
p228.0
P98.1
P73.9
P129.9
2U-1
216.3
1970
First quarter
Second quarter. ....
Fourth quarter. . .
1971
First quarter
Second quarter ....
Third quarter.
Fourth quarter
p+2.8
p64.1
0
PJ FINAL SALES AND INVENTORIES IN CURRENT DOLLARS
Year
and
quarter
Durable goods
270. Final sales
{Ann. rate,
bil. do!.)
280. Compensation 282. Proprietors'
of employees
income
Nondurable goods
274. Final sales
271. Change in
business inventories
(Ann. rate,
bil.dol.)
(Ann. rate,
bil. dol.)
NATIONAL INCOME COMPONENTS
IN CURRENT DOLLARS
284. Rental income
of persons
275. Change in
business inventories
(Ann. rate,
bil. dol.)
(Ann.i rate,
bil. dol.)
(Ann. rate,
bil. dol.)
(Ann, rate,
bil. dol.)
1968
First Quarter* ....
Second quarter
Third quarter
Fourth quarter. ....
1969
165.2
168.0
173.1
175-3
+2.5
+7.1
+5.8
+7.2
246.4
249.8
255.9
258.0
+0.1
+3.2
+2.4
+2.1
495.3
507.6
520.9
532.5
62.9
63.8
64.4
65.2
21.3
21.3
21.3
21.3
First quarter
Second quarter
Third quarter
Fourth quarter
1970
180.5
182.7
184.8
187.4
+5.6
+6.7
+7.9
+5.3
260.4
266.1
270.1
544.9
557.5
572.2
274-3
+1.8
+1.2
+3.5
+1.9
582.1
66.0
66.7
67.5
67.2
21.6
22.0
22.1
22.3
First quarter. .....
Second quarter
Third quarter
Fourth quarter
1971
185.5
188.5
188.3
178.8
-0.3
-1.9
+5.2
-3.7
280.0
283.3
286.0
293.3
+1.9
+5.0
+0.3
+7.2
592.2
596.4
603.8
606.7
67.6
67.8
67.8
67.4
22.5
22.6
22.7
23.0
P191.3
P+3.5
P294.0
p-1.1
p624.8
p67.0
P23.1
First quarter
Second quarter
Third quarter
Fourth quarter.
NOTE: Series are seasonally adjusted except those series that appear to contain no seasonal movement. Unadjusted series are indicated by (§). Series numbers are for
identification only and do not reflect series relationships or order. Complete titles and sources are shown at the back of the book. The V indicates revised; "p", preliminary;
"e", estimated; "a", anticipated; and "NA tt , not available.
Graphs of these series are shown on pages 13, 14, 15, and 16-
BCD
APRIL 1971
67
NATIONAL INCOME AND PRODUCT
E
Year
and
quarter
NATIONAL INCOME COMPONENTS
IN CURRENT DOLLARS-Con.
286. Corporate
profits and
inventory valuation adjustment
(Ann. rate,
bil. dol«)
Q| SAVING IN CURRENT DOLLARS
288. Net interest
290. Gross saving
(Ann. rate,
bil. dol.)
(Ann. rate,
bil. dol,)
292. Personal
saving
(Ann. rate,
bil. dol,)
294. Undistributed 296. Capital concorporate profits
sumption
plus inventory valu- allowances
ation adjustment
(Ann. rate,
bil. dol.)
298. Government
surplus or deficit
(Ann. rate,
bil. dol.)
(Ann. rate,
bil. dol.)
1968
First Quarter
Second quarter. ....
Third quarter
Fourth quarter. ....
1969
$1.3
86.0
$7.4
87.1
26.4
27.3
28.2
29.1
121.6
329.6
129.8
133.5
40.8
44*5
36.5
39.6
19.3
22.6
23.3
21.3
72.3
73.7
74.6
75.5
-10.7
-11.2
-4.5
First quarter
Second quarter. ....
Third quarter
Fourth quarter
1970
$7.1
S7.4
$6.8
$2.0
29.7
30.4
31.0
31.7
138.5
142.5
149.1
X4A.2
34.3
33.3
42,0
U.I
19.6
19.2
19.7
15.4
77.0
78.2
79.4
80.7
+7.7
+11.8
First quarter
Second quarter. ....
Third quarter
Fourth quarter
1971
First quarter
Second quarter
Third quarter
Fourth quarter
76.7
77.5
78.4
r73.3
3a.4
139.3
138.5
HO. 6
r!34.3
44.8
51.5
52.7
51.8
13.6
U.3
U.I
rl3.3
82.1
83.6
85.0
86.5
-1.2
-10.9
-11.2
r-17.3
P51.3
(MA)
p88.4
(NA)
33.1
33.8
34.5
P35.2
(NA)
-2.9
+a.o
+7.1
(NA)
NOTE: Series are seasonally adjusted except those series that appear to contain no seasonal movement. Unadjusted series are indicated by®. Series numbers are for
identification only and do not reflect series relationships or order. Complete titles and sources are shown at the back of the book. The V indicates revised; "ptt, preliminary;
V, estimated; V, anticipated; and "NA", not available.
Graphs of these series are shown on pages 16 and 17.
68
APRIL 1971
CYCLICAL IINDICATORS-Economic Process and Cyclical Timing
MAJOR ECONOMIC
PROCESS
M EMPLOYMENT AND UNEMPLOYMENT
Minor Economic
Process
Year
and
month
ROUGHLY COINCIDENT
INDICATORS
LEADING INDICATORS
TIMING CLASS ....
Marginal Employment Adjustments
*1. Average
workweek of
production workers, manufacturing1
(Hours)
4. Nonagricul- 2. Accession
21. Average
weekly overtime tural placements rate, manufac*
hours, production all industries1
turing1
workers, manu*
factoring1
(Per 100
(Hours)
(Thous.)
employees)
Job Vacancies
3. Layoff rate,
*5. Average
weekly initial
manufacturing
claims for unemployment insurance, State programs2
(Per 100
(Thous.)
employees)
49. Nonagricultural job
openings unfilled 1
46. Index of
help-wanted ad*
vertising in
newspapers
(Thous.)
(1967-100)
1969
January
February
March
40.6
40.1
40.9
3.8
3.5
3.7
448
459
439
4-9
4.7
4.8
E>179
186
185
1.1
1.1
1.1
372
375
365
124
April
May ...
June
40.8
40.7
40.7
3.7
3.7
3.7
447
434
456
4.9
4.8
4.9
181
182
1.1
1.1
197
1.2
377
387
383
126
125
122
July...
August
September
40.6
40.6
40.7
3.6
3.6
3.6
438
425
421
4.7
4.5
4.8
195
196
200
H> 1.1
1.2
1.2
358
346
346
122
120
E>126
October
November
December
40.5
40.5
40.7
3.5
3.5
3.5
405
401
376
4.7
4-4
4.6
202
211
210
1.3
1.3
1.4
343
338
319
122
119
117
January
February
March
40.3
39.9
40.2
3.3
3.2
3.2
387
361
357
4.2
4.3
3.9
232
250
263
1.5
1.7
1.8
3U
306
292
109
109
rl03
April
May .
June
40.0
39.8
39.8
3.0
2.9
3.1
349
338
329
4.0
4.2
4.0
326
313
303
2.0
1.9
1.9
272
257
250
100
97
94
July
August
September
40.1
39.8
39-3
3.0
3.0
2.8
(NA)
4.1
4.1
3,8
265
288
338
1.6
1.8
1.9
October
39.4
39.6
39.6
2.8
2.7
2.7
3.6
3.7
3.8
341
338
297
2.2
2.0
1.8
78
80
80
39.8
r39.5
P39.9
r2.8
r2.9
p2.7
r3.7
P3.7
(NA)
282
278
291
rl.7
r75
77
78
120
123
1970
November
December
1971
January
February
March.
pi. 6
(NA)
(NA)
92
91
87
April
May
June
July
August
September
October
November
December
NOTE: Series are seasonally adjusted except those series that appear to contain no seasonal movement. Unadjusted series are indicated by ® . Current high values are
indicated by jfi); for series that move counter to movements in general business activity (series 3, 5, 14, 39, 40, 43, 44, 45, and 93), current low values are indicated by
Series
"^
Series numbers are for identification only and do not reflect series relationships or order. Complete titles and sources are shown at the back of the book. Cor;
"r
preceded by an asterisk (*) are included in the 1966 NBER "short list" of indicators (chart B8). The V indicates revised; "p", preliminary; "e\ estimated; "a", anticipated;
and "NA", not available.
Graphs of these series are shown on pages 18, 19, and 36.
^-Series that reached their high values prior to 1969 are: Series 1, 41.6 reached in Mar. 1966; Series 21, 4.1 in May 1966;
2
Series -4, 586 in May 1962; Series 2} 5.2 in Mar. 1966: Series 49, 437 in July 1966.
Data exclude Puerto Rico which is
included in figures published by source agency.
ltd*
APRIL 1971
69
CYCLICAL INDICATORS-Economic Process and Cyclical Timing
MAJOR ECONOMIC
PROCESS
HI
LAGGING
INDICATORS
ROUGHLY COINCIDENT INDICATORS»Con.
TIMING CLASS ....
Minor Economic
Process
Comprehensive Employment
48. Man-hours
in nonagricultural
establishments
Year
and
month
EMPLOYMENT AND UNEMPLOYMENT-Con.
(Ann. rate, bil.
man-hours)
1969
January
February
March
137.22
*41. Number of
employees on
nonagricultural
payrolls,
establishment
survey
(Thous.)
Long'Duration
Unemployment
Comprehensive Unemployment
42. Persons
engaged in
nonagricultural
activities, labor
force survey
*43. Unemployment rate, total
(Thous.)
(Percent)
45. Average
weekly insured
unemployment
rate, State
programs1
(Percent)
2.1
40. Unemploy*
ment rate,
married males
*44. Unemployment rate, persons
unemployed 15
weeks and over
(Percent)
(Percent)
1J8.41
69,352
69,605
69,827
73,271
73,682
73,870
3.4
D3.3
3.4
2.1
2.0
1.4
1.4
[H)1.4
0.4
0.4
i)0.4
April
May
June
138.60
039.22
159.26
69,992
70,172
70,347
73,895
73,675
74,110
3.5
3.4
3.4
2.0
0)2.0
2.1
1.5
1.5
1.5
0.5
0.5
0.5
July
August
September
139.50
139.75
139.76
70,400
70,497
70,567
74,365
74,582
74,696
3.5
3.5
3.8
2.2
2.1
2.2
1.6
1.5
1.7
0.5
0.5
0.5
October
November
December
139.90
139.97
[H}nQ.25
70,836
70,808
70,842
75,000
75,088
75,298
3.7
3.5
3.6
2.2
2.3
2.3
1.6
1.5
1.7
0.5
0.5
70,992
71,135
D 71,242
D 75, 504
75,300
75,436
3.9
4.2
4.4
2.5
2.6
2.7
1.9
2.0
0.5
0.6
2.2
0.7
137.21
0.5
1970
January
February
March
139- U
139.70
340-21
April
May
June
139.74
139.05
133.39
71,149
70,839
70,629
75,317
75,031
74,763
4.7
4-9
4.8
3.1
3.6
3.7
2.3
2.5
2.5
0.7
0.7
0.8
July
August . .
September
138.70
US. 24
138.09
70,587
70,4U
70,531
75,066
75,073
75,043
5.0
5.1
5.4
3.5
3.7
4.4
2.7
2.8
2.9
0.8
0.9
0.9
October
November
December
1971
January
February
March
137.04
136.97
137.32
70,182
70,085
70,303
75,398
75,197
75,055
5.5
5.9
6.2
4.4
4.4
3.9
3.0
3.2
3.4
0.9
1.1
1.3
r!37.55
r!36.72
P137.97
r70,652
r70,559
p70 , 568
75,451
75,208
7^,079
6.0
5.8
6.0
3.6
3*7
3.8
3.3
3.2
3.2
1.3
April
May
June
1.3
1.3
,.,,..
July
August
September
October .
November
December
NOTE; Serie:; are seasonally adjusted except those series that appear to contain no seasonal movement. Unadjusted series are indicated by @. Current high values are
indicated by (Pj); for series that move counter to movements in general business activity (series 3,5, 14r 39,40,43,44, 45, and 93), current low values are indicated by
ED- Series"numbers are for identification only and do not reflect series relationships or order. Complete titles and sources are shown at the back of the book, Series
preceded by an asterisk (*) are included in the 1966 NBER "short list" of indicators (chart B8). The "r" indicates revised; "p", preliminary; V, estimated; "a", anticipated;
and "NA", not available.
Graphs of th«ese series are shown on pages 19, 20, 38, and 39.
x
70
Data exclude Puerto Rico which ie included in figures published by source agency.
APRIL 1971
KCII
CYCLICAL INDICATORS-Economic Process and Cyclical Timing
MAJOR ECONOMIC
PROCESS
Q PRODUCTION, INCOME, CONSUMPTION, AND TRADE
TIMING CLASS ....
ROUGHLY COINCIDENT INDICATORS
Minor Economic
Process
Year
and
month
Comprehensive Production
Comprehensive Income
*200. Gross na- *205. Gross na* *47. Index of
industrial protional product
tional product
in current dolin 1958 dollars duction
lars
(Ann. rate,
bil.dol.)
1969
January
February
March
(Ann. rate,
bil. dol.)
(1957-59=100)
*52. Personal
income
(Ann. rate,
bil. dol.)
Comprehensive Consumption and Trade
53. Wages and
salaries in mining, manufactur*
ing, and construction
(Ann. rate,
bil.dol.)
*56. Manufacturing and trade
sales
(Mil. dol.)
57. Final sales *54. Sales of
(series 200
retail stores
minus series
245)
(Ann. rate,
bil.dol.)
(Mil. dol.)
9*37.6
.. *
722.1
169-1
170.1
171.4
720.2
725.2
732.0
187.2
187.6
190.9
100,192
101,418
101,776
900.2
...
28,955
29,257
28,881
April
May
June
9:23.7
726.1
••
171.7
172.5
173.7
736.3
740.9
746.2
191.6
192.6
194.7
102,704
103,349
104, HO
915.9
.. .
29,409
29,386
29,371
July
August
September
942.6
730.9
•.•
[H>174.6
174.3
173.9
752.7
758.5
763.1
195.7
197.1
198.0
103,668
105,295
106,078
931-2
...
29,090
29,346
29,259
951.7
.••
729.2
**•
173.1
171.4
171.1
766.7
770.6
774-3
198.8
198.8
200.6
106,593
105,566
105,021
944.5
29,620
29,471
29,419
959.5
723.8
170.4
170.5
171.1
777.8
781.5
787.6
199-1
198.9
|H>200.7
104,932
106,164
105,487
957.9
29,570
29,980
29,801
April
May
June
971.1
724.9
.•*
170.2
169.0
168.8
806.0
799-7
798.2
199-2
197.7
198.0
105,087
106,847
107,612.
968.1
30,536
30,502
30,518
July
August
September
9#5.5
727.4
169.2
168.8
165.8
803.3
806.4
811.9
198.9
198.8
198.3
108,393
108,175
108,074
980.0
30,729
30,781
30,885
989.9
720.3
162.3
161.5
164.4
809-9
812.6
817.5
193.7
193.6
199.1
106,224
104,917
107,075
986.3
30,534
30,208
30,537
rl65.6
rl64.9
pl65.2
r827,4
r830.4
[H>p836.3
199.8
rl99.1
p200.2
r!08,942
(H) pi, 016.0
[R)p731.6
(H) piio,ooo
October
November
December
1970
January
February
March
October
November
December .
1971
January.
February
March
••.
[H)pl,0l8.4
(MA)
r31,100
[R)p31,341
(NA)
April
May
June
July
August
September
October
November
December
NOTE1 Series are seasonally adjusted except those series that appear to contain no seasonal movement. Unadjusted series are indicated by © . Current high values are
indicated by H>; for series that move counter to movements in general business activity (series 3, 5, 14, 39, 40, 43, 44, 45, and 93), current low values are indicated by
(H).
Series numbers are for identification only and do not reflect series relationships or order. Complete titles arid sources are shown at the back of the book. Series
preceded by an asterisk (*) are included in the 1966 NBER "short list" of indicators (chart B8). The V indicates revised; "p\ preliminary; V, estimated; "a", anticipated;
and "NA", not available.
Graphs of these series are shown on pages 21, 22, and 38.
KCII
APRIL 1971
71
CYCLICAL INDICATORS-Economic Process and Cyclical Timing
MAJOR ECONOMIC
PROCESS
Hj FIXED CAPITAL INVESTMENT
LEADING INDICATORS
TIMING CLASS
Minor Economic
Process
F tm
°
Ente^is^'11655
New Investment Commitments
I)!
Year
and
month
12. Index of net 13. Number of new *6. Value of
business formation business incorpora* manufacturers'
new orders,
tions
durable goods
industries
8. Index of
construction
contracts, total
value 1
(Bil. dol.)
(1967-100)
(1957*59*100)
1969
January
February
March
125.2
[H> 125. S
123.2
(Number)
*10. Contracts
and orders for
plant and equip*
ment
(Bit. dol.)
21,364
22,105
22,083
2Q QA
30 20
29.95
132
132
117
24. Value of
manufacturers'
new orders, producers' capital
goods industries
11. Newly approved capital
appropriations,
1,000 manufacturing1 corpora*
tions
(Bil. dol.)
(Bil. dol.)
6 m
ft 61
7 £A
7 64
A**?/
'4
A
%?
OO3
A }*}
April
May
June
123.8
123. 1
123.6
23,262
23,118
23,439
30 86
30 50
29.56
118
X35
120
8 01
8 in
July
August
September
12^.6
12^.2
123.1
23,366
22,871
22,594
31 06
31.46
E) 31.99
116
139
112
7 77
7 61
October
November
December
123.2
121.7
122.3
E>24,263
23,125
22,404
31.44
31.05
30.21
126
115
L/,1
7.89
7.88
8.38
1970
January
February
March
121.9
121.7
117.1
22,397
23,152
21,383
29.05
29.37
28.86
131
137
132
8 "58
7 61
6 58
April ..
May
June
116.0
113.9
112.8
21,939
22,267
22,192
28.45
29.98
30.03
130
110
120
8 17
7.57
7.64
6 61
July
August
September
112.7
111.8
112.8
22,106
22,055
22,372
31.40
30.54
29.86
116
135
118
7.87
7.77
8.02
6 62
6.41
6.30
6.76
October
November
December
1971
January
February. .
March
111.4
111.7
111.4
21,625
22,382
22,085
28.50
29.01
30.60
115
130
132
7.29
8.18
7.64
p6 11
6.55
6.87
6 55
113.6
113.8
(NA)
r 22, 338
20,923
(NA)
31.40
r31.87
P31.18
117
126
8.35
E) 1*9.02
p8.27
fff>
LJ 7*7A
(•f
7 41
8.37
*'*
* 5
n£
7 .Up
A
<?9
A yA
6 jr\
6 2Q
7 DQ
6 35
7 ^Q
A 7y
6 6A
6 6A
A A3
6 nn
e QS>
A 3ft
6 PA
A QQ
CNA)
p6 72
April
May
June
July
August,
September
October
November
December
NOTE: Seriias are seasonally adjusted except those series that appear to contain no seasonal movement. Unadjusted series are indicated by ®. Current high values are
indicated by [H); for series that move counter to movements in general business activity (series 3,5, 14,39,40,43,44, 45, and 93), current low values are indicated by
E>- Series numbers are for identification only and do not reflect series relationships or order. Complete titles and sources are shown at the back of the book. Series
preceded by an asterisk (*) are included in the 1966 NBER "short list" of indicators (chart B8). The V indicates revised; "p", preliminary; V, estimated; "a", anticipated;
and "NA", not waliable,
Graphs of these series are shown on pages 23, 24, and 36*
•"•This is a copyrighted series used by permission; it may not be reproduced without written permission from the source
McGraw-Hill Information Sy0tems Company, F. W. Dodge Division (series 8), or The Conference Board (series 11).
72
APRIL 1971
ItCII
CYCLICAL INDICATORS-Economic Process and Cyclical Timing
MAJOR ECONOMIC
PROCESS
JJj FIXED CAPITAL INVESTMENT-Con,
TIMING CLASS ....
Minor Economic
Process
Year
and
month
LEADING INDiCATORS-Con.
ROUGHLY COINCIDENT INDICATORS
LAGGING INDICATORS
New investment Commitments-Con.
Backlog of Investment Commitments
Investment Expenditures
9. Construction
28. New private
contracts, commer- housing units
cial and industrial started, total
buildings1
(Mil. sq. ft. floor
space)
(Ann. rate, thous.)
*29. Index of new
private housing
units authorized by
local building
permits
(1967=100)
96. Manufacturers'
unfilled orders,
durable goods
industries
(Bil.dol.)
97. Backlog of
capital appropriations, manufactur1
ing
*61. Business
expenditures on
new plant and
equipment, total
69. Machinery and
equipment sales
and business construction expenditures
(Ann. rate, bil. dol.) (Ann. rate, bil. dol.)
(Bil. dol.)
1969
89.62
90.88
90.19
B> 94-43
69.98
63.50
1,705
1,639
1,588
129.2
127.3
124.1
84.25
84.60
84.91
21.54
April
May
June
65.82
35.60
80.37
1,505
1,533
1,507
123.9
116.7
118.1
85.91
86.70
85.97
...
22.83
73.94
...
89.12
90.29
91.75
July
August
September
73.70
71.96
68.90
1,429
1,376
1,481
113.1
116.0
109-. 2
(H>86.82
86.74
86.81
...
23.48
77.84
...
92.11
94.22
H)97.98
October
November
December
79.96
64.31
86.89
1,390
1,280
1,402
106.2
-106.1
103.2
86.56
86.60
86.21
...
|H)23.85
77.84
...
94.81
93.31
92.06
January
February
March
88.86
80.95
67.11
1,059
1,306
1,392
92.0
98.1
95.1
85.32
84-42
83.52
...
23.53
78.22
.. .
93.61
96.37
94.30
April
May
June
64.00
58.19
54.47
1,224
1,242
1,393
103.2
114.7
112.6
82.34
81.82
81.22
...
22.85
80.22
.. .
91.83
96.78
94-15
July
August
September
70.45
61.04
60.16
1,603
1,425
1,509
114.7
12,0. 8
121.6
81.30
80.56
79-56
.. .
22.30
October
November
December
51.71
54.00
54-69
1,583
1,693
>°54
133-5
130.3
H> 155,0
78.69
78.88
79-46
rl,725
rl,724
Pl,9l8
U3.3
r!37.0
p!41.8
80.33
r80.84
p80.33
January
February
March
...
72.52
1970
B>
2
...
pei. 6?
0)81.88
...
78.63
96.67
96.67
95.68
93.27
93.83
93.87
1971
January
February
March
April
May
June
54-37
50.04
65.44
*.•
(NA)
&80.55
1-97.53
P97.47
(M)
...
a82.54
July
August
September
October
November
December
NOTE: Series are seasonally adjusted except those series that appear to contain no seasonal movement. Unadjusted series are indicated by ® . Current high values are
indicated by g>; for series that move counter to movements in general business activity (series 3, 5, 14, 39, 40, 43, 44, 45, and 93), current low values are indicated by
E>* Series numbers are for identification only and do not reflect series relationships or order. Complete titles and sources are shown at the back of the book. Series
preceded by an asterisk (*) are included in the 1966 NBER "short list" of indicators (chart B8). The V indicates revised; "p", preliminary; "e", estimated; "a", anticipated;
and "NA", not available.
Graphs of these series are shown on pages 24, 25, 36, and 39.
•"•This is a copyrighted series used by permission; it may not be reproduced without written permission from the source agency:
McGraw-Hill Information Systems Company, F. V. Dodge Division (series 9), or The Conference Board (series 97).
APRIL 1971
73
CYCLICAL INDICATORS-Economic Process and Cyclical Timing
MAJOR ECONOMIC
PROCESS
ffl
INVENTORIES AND INVENTORY INVESTMENT
^^M
TIMING CLASS
LEADING INDICATORS
LAGGING INDICATORS
Inventory Investment and Purchasing
Inventories
Minor Economic
Process
„. .
Year
and
month
1969
January
February
March
245. Change in *31. Change in
business
book value of
inventories^ mfg. and trade
inventories,
total1
(Ann. rate,
(Ann. rate,
bil. dol,)
bil. dol.)
37. Purchased
materials, com
panies reporting higher
inventories1
(Percent
reporting)
20. Change in
book value of
mfrs.' inventories of mtls.
and supplies1
(Ann. rate,
bil. dol.)
+0.3
26. Production
materials, companies reportin
commitments 6(
days or longer®
(Percent
reporting)
32, Vendor
performance,
companies reporting slower
deliveries®1
(Percent
reporting)
25. Change in
unfilled orders,
durable goods
industries1
(Bil. dol.)
*71. Manufacturing and
trade inventories, book
value
(Bil. dol.)
65. Manufacturers1 inven«
tories of
finished goods,
book value
(Bil. dol.)
+3.2
57
58
63
62
61
61
+0.58
+0.36
+0.31
153.23
154.54
155 . 67
29.14
29.42
29.67
49
51
49
+1.3
+1.6
-1.0
65
64
66
68
69
70
+1.00
+0.79
-0.74
156.70
157 . 58
158.55
29.98
30.31
30.45
+13.0
+13-2
+13.3
50
51
50
0.0
0.0
+1.5
59
63
65
66
68
66
+0.85
-0.08
+0*07
159.63
160.73
161.84
30.66
30.90
31.06
+7. 2
* •*
+17.9
+5.2
+13.3
54
57
48
+3.3
+1.0
+2.9
63
65
65
65
62
64
-0.24
+0.04
-0.39
163.33
163.76
164.92
31.24
31.52
31.64
January
February
March
+1.6
-2.6
+11.3
+6.1
50
50
51
-4-3
+5.5
+1.4
61
62
56
56
58
50
-0.88
-0.90
-0.90
164.70
165.64
166.15
32.48
32.15
32.33
April
May
June
+3.1
+10.9
-3.9
+7.7
45
40
46
-1.4
-1.8
-0.2
60
57
55
52
72
69
-1.18
-0.51
-0.60
167.06
166.73
167.38
32.97
32.95
33.09
July
August
September
+5.5
+15.1
+8.7
+S.1
46
44
47
-0.3
+1.9
+0.6
52
50
52
50
45
45
+0.08
-0.74
-1.00
168.64
169.36
170.04
33.36
33.56
33.70
October
November
December
1971
+3.6
•*.
+3.8
+6.3
r+3.2
46
47
44
+3.6
+3.6
+2.4
54
54
52
38
36
36
-0 87
+0 19
+0.58
170 87
r!71.U
r+3.5
p+4.1
46
49
51
-0.7
-0.9
(NA)
52
59
56
38
44
46
+0.87
r+0.51
p-0.51
+6.3
+15.7
+13.6
43
47
49
+7.9
+12.3
+10,6
+11.6
July
August
September
+11. 3
October
November
December
+7 .4
April
May
June
+0.1
1970
January
February , ,
March.
* 4 *
JH-2,4
(MA)
1L 1#
3/ ^£
170 *35
r!71.43
Iu\pl71.77
(HI)
W
34-32
34.50
ias3A.64
W
(NA)
April
May
June
July
August
September
October
November
December
. ..
NOTE; Series are seasonally adjusted except those series that appear to contain no seasonal movement. Unadjusted series are indicated by @ . Current high values are
indicated by (R); for series that move counter to movements in general business activity (series 3, 5,14,39,40, 43, 44, 45, and 93), current low values are Indicated by
(H)- Series numbers are for identification only and do not reflect series relationships or order. Complete titles and sources are shown at the back of the book. Series
preceded by an asterisk (*) are included in the 1966 NBER "short list" of indicators (chart B8). The V indicates revised; "p", preliminary; V, estimated; V, anticipated;
and "NA n , not available.
Graphs of thest? series are shown on pages 26, 27, 37, and 39.
^•Series that reached their high values prior to 1969 ara: Series 245, +19.9 reached in 4th quarter 1966; Series 31, +20.8 in
June 1966; Series 37, 63 in Nov. 1964; Series 20, +5.9 in Aug. 1966; Series 26, 75 in Oct. 1966: Series 32, 86 in Mar. 1966:
Series 25, 41.90 in Mar. 1966.
74
APRIL 1971
BUI
CYCLICAL INDICATORS-Economic Process and Cyclical Timing
MAJOR ECONOMIC
PROCESS
Qj PRICES, COSTS, AND PROFITS
TIMING CLASS ....
Minor Economic
Process
Year
and
month
LEADING INDICATORS
Sensitive Commodity Prices Stock Prices
*23. Index of
industrial
materials 1
prices©
Profits and Profit Margins
•19. Index of *16. Corpostock prices, rate profits
500 common after taxes
stocks® 1
22. Ratio of
profits to
income originating, corporate, all
(Ann. rate, indus. !
(Percent)
bil. dof.)
ROUGHLY COINCIDENT
INDICATORS
LAGGING INDICATORS
Comprehensive Wholesale
Prices
Unit Labor Costs
15. Profits
(after taxes)
per dollar of
sales, all mfg
corp. i
*17. Ratio,
price to unit
labor cost
index, mfg. 1
55. index of
wholesale
prices, indus
commod. ®
58. Index of
wholesale
prices, mfd.
goods ®
(Cents)
(1957-59=100
(1967=100)
(1967-100)
98.8
99.9
99.6
104.3
104.8
105.4
104-3
104.7
105.2
0.745
4.9
99.4
99.7
99.8
105.5
105.5
105.5
105.3
105.7
106.1
0.755
113.1
113.1
113.4
68. Labor
cost (cur.
dol.) per unil
of gross prod.
(1958 dol.),
nonfin. corp.
(Dollars)
*62. Index of
labor cost
per unit of
output, mfg.
(1967-100)
(1941-43=10
1969
January
February
March
103.0
105.9
106.5
102.04
101.46
99.30
April
May
June
108.9
110.0
111.2
101.26
104.62
99. 14
July
August
September
112.0
114.5
116.9
94.71
94.18
94.51
47.9
9.9
4-8
99.8
99.0
98.9
105.7
106.1
106.5
106.5
106.7
0.767
113.7
114.7
115.2
October
November
December
115.1
115.1
116.7
95-52
96.21
91. 11
47.1
9.7
4-5
98.5
98.0
97.1
107.1
107.4
107.8
107.4
107.7
108.1
0.783
116.4
117.3
118.7
1970
January
February
March
118.9
119.5
118.7
90.31
87.16
88.65
44.6
9-0
4.1
97.6
98.2
98.0
108.3
108.7
108.9
108.8
109.1
109.3
0.799
119.0
118.5
119.0
April
May
June
118.2
117 . 5
114.8
85.95
76.06
75.59
43-9
9-0
4.3
98.5
97.9
97.9
109.3
109.7
109.8
109.6
109.7
110.0
0.802
118.7
119.6
119.9
July
August
September
112.4
111.2
110.5
75.72
77.92
82.58
45.4
9.1
4.0
98,3
98.1
95.9
110.0
110.2
110.4
110.6
110.6
110.8
0.811
120.0
120.3
123.2
109.5
108.9
106.4
84.37
3.6
...
96.6
96.8
r95.6
111.3
111.3
111.7
111.2
111.2
111,2
[u\r0.828
* *.
122.8
.122. '6
r!24.1
10;5.9
107.2
107.8
93.49
97.11
99.60
r96.1
r96.0
P96.0
112.2
112.5
[H>112.8
112.4
(M)
r!24.2
1-124-9
fp>pl25.2
October
November
December
1971
January
February
March
April
May
June
*LL0.4
84.28
90.05
49.5
H)49.7
r41.4
10.7
10.5
r8.2
.••
(HA)
(NA)
5.0
(NA)
112.6
111.8
112.7
106.4
111.8
E>112.7
(1957-59-100)
3
103.66
July
August
September
October . ,
November
December
NOTE: Series are seasonally adjusted except those series that appear to contain no seasonal movement. Unadjusted series are indicated by ® . Current high values are
indicated by g); for series that move counter to movements in general business activity (series 3, 5 r 14, 39, 40, 43, 44, 45, and 93), current low values are indicated by
E). Series numbers are for identification only and do not reflect series relationships or order. Complete titles and sources are shown at the back of the book. Series
preceded by an asterisk (*) are included in the 1966 NBER "short list" of indicatorsjchart B8). The V indicates revised; "p", preliminary; V, estimated; "a", anticipated;
and "NA", not available. Graphs of these series are shown on pages 28, 29, 37, and 39.
1
Series that reached their high values prior to 1969 are: Series 23, 123.0 reached in Mar. 1966; Series 19, 106.48 in Dec.
1968;
Series 22, 13.9 in 1st quarter 1966; Series 15, 5.8 in 1st quarter 19665 Series 17, 105.2 in July 1966.
3
Aver age for April 6, 13,, and 20. 3 Aver age for April 21, 22, and 23.
BUI
APRIL 1971
75
CYCLICAL INDICATORS-Economic Process and Cyclical Timing
MAJOR ECONOMIC
PROCESS
UJ MONEY AND CREDIT
TIMING CLASH ....
LEADING INDICATORS
Minor Economic
Process
Flows of Money and Credit
Year
and
month
98. Change in
money supply
and time
deposits
85. Change in
U.S. money
supply
(Ann. rate,
percent)
(Ann. rate,
percent)
33. Net change in
mortgage debt
held by fin. inst.
and life insurance companies
(Ann. rate,
bil. dot.)
Credit Difficulties
*113. Net change 112. Change in
in consumer
business loans
installment
1
debt
(Ann. rate,
bil. dol.)
(Ann, rate,
bil.dol.)
110. Total private borrowing
(Ann. rate,
mil. dol.)
14. Current lia- 39, Delinquency
bilities of bus- rate, 30 days
ness failures®3 and over, total
installment
loans1
(Mil. dol.)
(Percent)
3
Revised
1969
January
February
March
+20.70
4-2 + 09
40 + 30
+4.26
+7.27
+4.82
+23.81
+19.75
+7.69
+9.58
+7.75
D +14-88
+8.88
+7.45
97,888
75.03
89.99
84.12
+1+49
+0460
+CU89
+5.40
+3.58
+4.76
+22.04
+19.52
+22.22
+9.12
+10.15
+9.54
+14.78
+10.90
+11.59
[H>103,028
118.76
92.60
91.92
+13.36
+8.47
+12.14
89,148
112.73
62.83
73.70
116.44
127. U
96.85
-1,19
April
May
June
.,
July
August
September
-7,14
-9.57
-1.21
+4-15
-2.95
+1.18
+17.21
+21.48
+20.75
+7.46
+7.20
+8.38
October
November
December
-0.60
+0.30
+2,11
+2.37
+1.77
+0.59
+19.10
+19.14
+14.36
+8.03
+7.44
+4.98
+14.87
+5.90
+8.70
85,656
+0.90
-1.51
+11.76
+9-43
^4.09
+12.32
r+17.32
+14.56
+12.20
+4.56
+5.02
+2.38
-0.30
+10.61
+2,92
78,172
137.28
139.39
120.02
+U.63
+7.96
+6.74
+9.87
+5.18
+2.29
+13.72
+18.06
+21.23
+3.55
+4-98
+5.29
+3.53
+5.60
+2.15
86,732
131.90
U7.89
170.50
+20.40
+17.77
+17.79
+5.73
+6.84
+5.67
+22.78 :
+20.58
+23.-4I
+5.32
+2.78
+4.31
+2.10
+7.40
0.00
79,860
251.92
169.59
232.94
+10.85
+9.10
+17.79
+1.13
+2.82
+6.18
+23.78
+20.23
jH>r+28.09
-0.98
-3.62
+0.25
-19.07
-8,02
-5.15
p86,092
1/4.. 77
119.84
121.72
+13.75
K)r+21.60
p+18.59
+1.12
[H)r-KL3.97
p+10.49
+21.71
(NA)
+1.04
+1.22
-4.81
+5.90
+1.88
1.55
1.61
1.65
1.70
1.72
1.76
1970
January
February
March
,
April
May
June
July
August
September
„, .
October
November . ,
December
1971
January
February
March
(Na)
(NA)
168.80
150.90
224.65
1.80
1.76
1.82
1.89
1.92
1.90
(NA)
April
May
June
July
August
September
October ,
November
December
NOTE: Series, are seasonally adjusted except those series that appear to contain no seasonal movement. Unadjusted series are indicated by @. Current high values are
indicated by [H>; for series that move counter to movements in general business activity (series 3 , 5 , 1 4 , 3 9 , 4 0 , 4 3 , 4 4 , 4 5 , and 93), current low values are indicated by
ED* Series numbers are for identification only and do not reflect series relationships or order. Complete titles and sources are shown at the back of the book. Series
preceded by an asterisk (*) are included in the 1966 NBER "short list" of indicators (chart B8). The V indicates revised; "p", preliminary; V, estimated; "a", anticipated;
and "NA", not available.
Graphs of those series are shown on pages 30, 31, and 37.
x
Series that reached theilr high values prior to 1969 are: Series 113, +11.36 in Oct. 1968; Series H, 58.65 in Nov. 1968;
Series
39, 1.50 in Get. 1968.
a
Se© "New Features and Changes for This Issue," page iii.
76
APRIL 1971
BCD
CYCLICAL INDICATORS-Economic Process and Cyclical Timing
MAJOR ECONOMIC
PROCESS
Q| MONEY AND CREDIT»Con.
ROUGHLY COINCIDENT INDICATORS
TIMING CLASS ....
Minor Economic
Process
Rese[JpS
93. Free
reserves ©
Year
and
month
(Mil. dot.)
1969
January
February . .
March
LAGGING INDICATORS
Money Market Interest Rates
Outstanding Debt
114. Treasury 116. Corporate 115. Treasury 117. Municipal 66. Consumer *72. Commercia
bond yields® bond yields ® bond yields® installment
bill rate©
and industrial
loans outstanddebt
ing, weekly reporting large commercial banks
(Percent)
(Percent)
(Percent)
(Percent)
(Mil. dol.)
(Mil. do),)
Revised1
't£WSST
*67. Bank
118. Mortgage
rates on short- yields, resiterm business dential ®
loans, 35
cities ®
(Percent)
-/1BO
--596
-701
6.18
6.16
6.08
7.29
7.33
7.76
5.74
5.86
6.05
4.85
4.98
5.26
88,729
89,527
90,173
73,450
74,190
74,811
7.32
-&4A
(Percent)
(NA)
7.99
8.05
April
May
June
-1,102
-1,064
6.15
6.08
6.49
7.54
7.62
8.04
5.84
5.85
6.05
5.19
5-33
5.76
90,933
91,779
92,574
76,043
76,951
77,917
7.86
8.06
8.06
8.35
July
August
September
-1,074
-946
-331
7.00
7.01
7.13
8.06
8.05
8.36
6.07
6.02
6.32
5.75
6.00
6.26
93,196
93,796
94,494
79,030
79,736
80,748
8,82
8.36
8.36
8.40
7.04
7.19
7.72
8.46
8.94
9.22
6.27
6.52
6.81
6.09
6.30
6.82
95,163
95,783
96,198
81,987
82,479
83,204
8,83
8.48
8.48
8.62
-992
-988
-329
October
November
December
1970
January
February
March
-799
-819
-781
E)7.91
7.16
6.71
9.00
8.84
9.00
6.86
6. 44
6.39
6.65
6.36
6.03
96,578
96,996
97,194
83,179
84,063
84,306
(H)8.86
(NA)
H>9.29
9.20
April
May
June
-704
-795
-701
6.48
7.04
6.74
9.09
9.53
[H)9.70
6.53
6.94
E>6.99
6.49
[H) 7. 00
6.96
97,490
97,905
98,346
84,600
85,067
85,246
8.49
9.10
9.11
9.16
(H> -1,217
-682
-335
6.50
6.41
6.24
9.09
9.08
9-00
6.57
6.75
6.63
6.53
6.20
6.25
98,789
99,021
(H) 99, 380
85,421
E> 86, 038
86,037
8.50
9.11
9.07
9.01
-208
-305
-49
5.93
5.29
4-86
9-U
8.97
8.13
6.59
6.24
5.97
6.39
5.93
5.46
99,298
98,996
99,017
84,448
83,780
83,351
8.07
8.97
8.90
8.40
-91
r-027
p-140
4-49
3.77
3.32
7.63
7.54
7.62
5.92
5.84
5-71
5.36
5.23
5.17
99,104
99,206
(NA)
82,950
83,442
83,599
(NA)
July
August.
September
October
November
December
1971
January
February
March
(NA)
(NA)
7.32
April
May
June
July
August
September .
...
October
November
December
NOTE; Series are seasonally adjusted except those series that appear to contain no seasonal movement. Unadjusted series are indicated by ® . Current high values are
indicated by @>; for series that move counter to movements in general business activity (series 3, 5,14 r 39, 40, 43, 44, 45, and 93), current low values are indicated by
E>. Series numbers are for identification only and do not reflect series relationships or order. Complete titles and sources are shown at the back of the book. Series
preceded by an asterisk(*) are included in the 1966 NBER "short list" of indicators (chart 68). The V indicates revised; "p", preliminary; V, estimated; "a", anticipated;
and "NA", not available.
Graphs of these series are < hown on pages 32, 33, and 39.
1
See "New Features and Changes for This Issue,11 page ill.
BCII
APRIL 1971
77
CYCLICAL INDICATORS-Selected Indicators by Timing
Q COMPOSITE INDEXES
810. Twelve
leaders, reverse trend ad*
justed^series
1,5,6,10,12
16,17,19,23,
29, 31, 113}
811, Twelve
leaders, prior
to trend adjustment (same
components as
in series 810)
(1967=100)
(1967-100)
January
February
March
1M.8
116.4
116.1
107.2
108.3
107.6
April
118.0
118.2
117.5
Year
and
month
820. Five
coinciders, es*
ti mated aggregate economic
activity (series
41,43,47,52,
830. Six
Leading Indicator Subgroups
laggers (series
44, 61, 62, 67,
813. Marginal 814. Capital
71, 72)
employment ad- investment
commitments
justments
(series
1,2, 3, (series 6, 10,
2
56)
5)
12, 29)
815. Inventory 816. Profit817. Sensitive
investment and ability (series financial flows
purchasing
16, 17, 19)2 (series 33,§ 85,
(series 23, 25,
112, 113)
31, 37)2
(1967=100)
(1967=100)
(1967=100)
115.5
116.8
117.6
116.9
118.5
120.0
103.3
101.8
103.4
110.9
111.7
110.0
E) 109.0
108.7
107.7
118.1
119.0
120.2
120.7
122.1
123.9
103.5
103.2
102,4
E>ni.7
117.6
117.5
118. 5
107.4
106.9
107.4
120.6
121.2
121.2
125.9
128.4
129.1
102.4
101.7
102.1
109.7
105*0
109.9
118.2
117 .,4
117.6
106.7
105.6
105.4
121.8
122.1
122.2
131.1
130.6
132.2
101.3
100.5
100.9
January
February
March
116.2
116.5
115.0
103.7
103.7
101.9
121.7
121.9
122.0
131.7
131.2
130.5
April
101.5
100.1
100.3
H> 122.2
121.3
121.2
rl30.7
June
114.9
113.8
114.4
July
August
September
116.2
115.4
1U-7
101.5
100*4
P131.7
199.4
121.4
121.1
120.6
rll3.7
rlU.l
rll6.2
r98.2
r98.2
r99,6
118.8
117.9
119.1
P118.3.
rll9.1
rlOO.9
rl01.4
pl01.6
r!21.1
r!21.5
p!22.0
(1967-100)
(1967=100)
(1967-100)
(1967-100)
1969
May
June
July
August
September
.
October
November
December
.
100.6
103.1
103.0
101.9
102.5
101.9
104.8
105.2
102.8
104.6
104.5
103.0
102.2
103.1
101.8
105.6
103.8
105.1
105.3
105.7
100.6
99.6
99.5
100.3
101.7
103.2
109.1
108.5
109.1
105.9
105.2
105.1
99.3
98.9
96.8
102.4
101.2
100,2
98.6
97.2
96.4
108.0
108.4
105.6
103.9
105.4
104.8
96.5
95.8
95.9
98.7
98.3
98.3
94.4
94.9
94.8
106.1
106.3
105.9
104.2
102.4
103.6
95.5
92.8
92.9
rlOO.2
rlOO.2
E>3B:1
97.0
95.5
93.0
106.7
106.4
106.7
104.2
102.4
102.3
93.5
94.1
r93.0
rl01.3
rlOO.A
rlOO.6
rl30.8
r!28.9
rl28.9
92.2
93.0
94.5
105.8
106.7
108.1
101.6
102.6
rlOl.6
r93.2>
r92.5
r93.1
r94.9
r94.S
r99.3
r!29.3
r!30.2
P130.9
r95.2
95.0
(WA)
r!09.6
p!08.8
109.1
rl01.9
rl02.4
plOl.9
r94-7
r95.6
P96.3
r97.2
P102.2
' (NA)
110.0
109c8
110.1
1970
May
October , . . ,
November
December
r 131.0
r!31.0
98.9
1971
January
February
March
H>pii9.8
April
May
June
July
August
September
October
November
December
.., . .
NOTE: Series are seasonally adjusted except those series that appear to contain no seasonal movement. Unadjusted series are indicated by @ . Current high values are
indicated by (g); for series that move counter to movements in general business activity (series 3, 5,14, 39, 40, 43, 44, 45, and 93), current low values are indicated by
E>- Series numbers are for identification only and do not reflect series relationships or order. Complete titles and sources are shown at the back of the book. Series
precededW by an asterisk (*) are included in the 1966 NBER "short list" of indicators (chart B8). The V indicates revised; "p", preliminary; V, estimated; "a", anticipated;
and "NA , not available.
Graphs of those scries are shown on pages 34 and 35.
Reverse trend adjusted Index of 12 leaders contains the same trend as the index of 5 coincident indicators.
2
Series that reached their high values prior to 1969 are as follows: Series 813, 105.4 reached in Mar. 1966; Series 815, 109.3
in Mar. 1966; Series 816, 104.6 in Feb. 1966; Series 817, 106.9 in Dee. 1968.
3
Exeludea series 12, 16, 31, and 113, for which data are not yet available.
78
APRIL 1971
ItCIt
ANTICIPATIONS AND INTENTIONS
AGGREGATE SERIES
Year
and
quarter
410. Manufacturers' sales,
total value
61. Business expenditures for new plant
and equipment
a. Actual
expenditures
(Ann. rate,
bit. dol.)
c. First
b. Second
anticipations as anticipations as
percent of actual percent of actual
(Percent)
(Percent)
(Bil. dol.)
412. Manufactur- 414. Condition
ers' inventories, of manufacturers'
total book value inventories: percent considered
high less percent
considered low
(Bil. dol.)
(Percent)
435, Index of
416. Adequacy
of mfrs,' capac- consumer
sentiment
ity: percent
considered inadequate less percent considered
excessive
(First quarter
(Percent)
1966=100)
1968
First quarter...
Second quarter..
Third quarter...
Fourth quarter..
68.09
66.29
67.77
69.05
100.0
104.0
102.7
103.9
101.2
102.1
105.1
103.1
145.4
149.6
152.6
156.6
83.8
85.6
87.1
72.52
73.94
77.84
77.84
102.7
104.4
102.8
100.0
101.5
100.3
159.6
162.3
167.4
168.1
78.22
80.22
81.88
78.63
102.3
100.5
103.6
103.4
101.7
104.6
22
21
16
35
35
40
42
95.0
92.4
92.9
92.1
90.4
92.2
94.2
95.9
18
19
22
22
43
38
39
41
95.1
91.6
86.4
79.7
165.9
166.6
170.2
164.8
97.0
97.7
98.7
99.7
23
23
21
20
38
36
33
33
78.1
75-4
77.1
75.4
a!72.7
a!76.5
alOl.O
22
1969
First quarter...
Second quarter..
Third quarter.*.
Fourth quarter..
99.5
101.5
1970
First quarter...
Second quarter..
Third quarter...
Fourth quarter..
99-0
103.9
1971
First quarter...
Second quarter .
Third quarter...
Fourth quarter..
aB0.55
sB2.54
78.2
(NA)
AGGREGATE SERIES-Con.
Year
and
quarter
420. Family income of households compared to a year ago, households reporting-a. No change; b. Higher
in income
income
c. Lower
income
425. Mean probability of substantial
changes in family income of households
a. Increase
in income
b. Increase
less decrease
430. Household purchases of new cars
2-quarter moving average
a. Actual
c. Decrease (quarterly)
b. Actual
c. Anticid. Anticipated
in income
pated
as percent of
(Ann. rate,
(Ann. rate, actual
(Ann. rate,
mil. cars)
mil. cars)
mil. cars)
(Percent)
(Percent)
(Percent)
(Percent)
(Percent)
.(Percent)
(Percent)
52.9
53.0
50.8
50.7
36.4
35.9
37.3
37.4
10.0
10.5
10.8
11.1
19.3
18.3
18.4
16.7
13.8
12.5
11.9
11.2
5.5
5.8
6.5
5.5
8.1
8.4
8.1
7.7
7.9
8.3
8.2
7.9
7.8
7.6
7.9
8.3
99
92
96
105
52-7
45.6
46.2
48.3
35.4
41-3
39.9
37.3
11.3
12.4
13.0
13.6
16.5
18.1
18.6
17.6
11.3
12.0
13.0
11.6
5.2
6.1
5.6
6.0
7.1
7.1
7.7
6,3
7.4
7.1
7.4
7.0
8.0
7.9
7.5
7.8
108
111
101
111
50.3
35.0
U-2
20.1
19-9
18.2
16.7
13.8
12.9
10.9
9.4
6.3
7.0
7.3
7.3
(NA)
(NA)
7.7
8.0
(NA)
17.2
10.5
6.7
1969
First quarter...
Second quarter.
Third quarter ..
Fourth quarter..
1970
First quarter..,
Second quarter.
Third quarter ..
Fourth quarter..
1971
First quarter...
Second quarter.
Third quarter..
Fourth quarter ,
1972
First quarter...
Second quarter.
Third quarter..
Fourth quarter..
NOTE: Series are seasonally adjusted except those series that appear to contain no seasonal movement. Unadjusted series are indicated by®. Series numbers are for
identification only and do not reflect series relationships or order. Complete titles and sources are shown at the back of the book. The V indicates revised; "p", preliminary;
"e", estimated; "a", anticipated; and "MA", not available.
Graphs of these series ore shown on pages 40, 41, and 42.
APRIL 1971
79
ANTICIPATIONS AND INTENTIONS
DIFFUSION INDEXES
Year
and
quarter
D442, Net profits, manufacturing
and trade1
D440. New orders, manufacturing1
Anticipated
Actual
Anticipated
Actual
D446, Number of employees,
manufacturing and trade 1
D444. Net sales, manufacturing
and trade1
Actual
Actual
Anticipated
Anticipated
(4-Q span)
(4-Q span)
(4-Q span)
(4-Q span)
(4-Q span)
78
78
79
80
80
83
82
81
70
73
72
74
74
80
78
73
79
82
82
84
82
86
86
84
57
60
58
60
60
60
58
60
81
80
76
72
82
85
83
80
70
74
68
66
78
79
77
76
80
84
78
76
86
88
86
83
59
60
58
58
60
60
60
59
66
64
60
55
76
71
74
74
61
56
55
56
70
66
70
66
70
66
64
62
74
73
78
76
54
54
51
50
58
56
56
54
(NA)
76
78
(NA)
71
74
(Nil)
78
80
(NA)
55
58
(4-Q span)
(4-Q span)
(4-Q span)
1968
First quarter...
Second quarter..
Third quarter...
Fourth quarter..
1969
First quarter...
Second quarter..
Third quarter...
Fourth quarter..
1970
First quarter...
Second quarter..
Third quarter...
Fourth quarter..
1971
First quarter...
Second quarter .
Third quarter...
Fourth quarter.,
DIFFUSION INDEXES--Con.
Year
and
quarter
D450. Level of inventories, manufacturing
and trade1
Actual
Anticipated
Selling prices
D460. Manufacturing
and trade1
Actual
Anticipated
D462. Manufacturing ]
Actual
Anticipated
D464. Wholesale trade1
Actual
Anticipated
(4-Q span)
(4-Q span)
(4-Q span)
70
70
63
66
67
66
78
80
81
84
79
7$
78
74
76
78
80
74
76
75
76
81
82
82
85
71
70
70
68
66
68
66
66
84
84
85
85
7S
80
80
81
82
80
82
82
75
79
78
80
66
61
62
58
62
61
64
58
84
82
82
80
73
7B
80
77
80
80
78
75
79
76
78
75
(4-Q span)
(4-Q span)
(4-Q span)
D466. Retail trade 1
Actual
Anticipated
(4-Q span)
(4-Q span)
78
82
78
78
88
88
88
92
81
84
86
87
85
85
86
85
79
80
80
80
91
90
90
89
84
84
84
86
87
85
86
84
77
80
82
80
86
86
85
86
80
80
81
80
(4-Q span)
(4-Q span)
1968
First quarter...
Second quarter.
Third quarter..
Fourth quarter..
68
68
76
1969
First quarter...
Second quarter.
Third quarter..
Fourth quarter..
1970
First quarter...
Second quarter.
Third quarter..
Fourth quarter .
1971
First quarter...
Second quarter,
Third quarter ..
Fourth quarter.,
(NA)
60
62
(NA)
70
78
(NA)
76
76
(NA)
80
82
(NA)
80
80
NOTE: Series are seasonally adjusted except those series that appear to contain no seasonal movement Unadjusted series are indicated by®. Series numbers are for
identification
only and do not reflect series relationships or order. Complete titles and sources are shown at the back of the book. The V indicates revised; "p", preliminary;
w
"e , estimated; *a", anticipated; and "NA", not available.
Graphs of these series ore shown on pages 43 and 44*
1
This is a copyrighted series used by permission; it may not be reproduced without written permission from Dun & Bradstreet, Ine.
80
APRIL
1971
KCII
ANTICIPATIONS AND INTENTIONS
Q DIFFUSION INDEXES-Con.
Year
and
quarter
DM. Business expenditures for new plant and equipment,
all industries
a. Actual
expenditures
(1-Q span)
(M! span)
a. Actual
carloadings
c. First
anticipations
b. Second
anticipations
(1-Q span)
480. Change in
freight carloadings©
D480, Freight cartoadings ©
b. Anticipations
(4-Q span)
(4-Q span)
(Thous. of cars4*Q span)
1968
First Quarter
Second Quarter. ....
Third Quarter. ....
Fourth Quarter. ....
1969
66.7
47.2
66.7
50.0
6l.l
83.3
75.0
88.9
55.6
61.1
66.7
55.6
31.6
68.4
68.4
57.9
73.7
63.2
73.7
68.4
-16
+29
+52
-11
First Quarter
Second quarter. ....
Third quarter
Fourth quarter
1970
First quarter
Second quarter.....
Third Quarter
Fourth quarter
1971
First Quarter
Second quarter
Third Quarter
Fourth quarter
83.3
66.7
75.0
41.7
94.4
83.3
61.1
55.6
58.3
63.9
66.7
58.3
52i.6
47.4
42.1
(NA)
78.9
89.5
84.2
84.2
-19
-12
-4
+n
77.8
47.2
58.3
19.4
69.4
61.1
25.0
44.4
38.9
55.6
66.7
50.0
73.7
47.4
73.7
(M)
-6
-29
-68
-119
(KA)
33.3
41.7
58.3
r-35
NOTE: Series are seasonally adjusted except those series that appear to contain no seasonal movement. Unadjusted series are indicated by ® . Series numbers are for
identification only and do not reflect series relationships or order. Complete titles and sources are shown at the back of the book. The V indicates revised; u p" f preliminary;
V, estimated; V, anticipated; and "NA", not available.
Graphs of these series are shown on page 45.
IICII
APRIL 1971
81
OTHER KEY INDICATORS
Q| FOREIGN TRADE
Year
and
month
500. Merchandise trade
balance (series 502 minus
series 512)
(Mil. dol.)
(Mil* dol.)
1969
January
February
March
502. Exports, excluding
military aid shipments,
total
+159
-4,06
+206
2 161
2 266
ft3/
1 3Q1
0/9
3 i&k
1 118
222
i 31 &
1 110
1 222
1 P11
248
268
oe>n
3 irt?
3 366
0 0/-1
.?,-?4-L
1 213
1 23Q
1 317
276
1 3/i
1 312
1,370
+136
July
August
September .
+108
October
November .
December
+150
+218
3 3A2
+202
3 2&Q
+204
+262
508. Index of export orders, 512. General imports, total
nonelectrical machinery
(1957-59-100)
(Mil. dol,}
April
May
June
+11
+27
506. Manufacturers' new
orders for export, durable
goods except motor vehicles and parts
3 ?68
3
17Q
o -age*
(Mil. dol.)
o nn2
p £70
2 Qiio
260
1 A^
oe£
31^9
^,X3<i
3
3
3f\7/
11^3
D7&
pe-i
3
3
oAA
0^7
o/y
3 1QO
3 1 AD
3 n7A
9/O
p/y
^ 2P3
P51
3,218
«-44
5>/A
1970
January
February
March
3 A06
1 17A
3 547
3,376
l,56l
1,578
3,409
3 661
3,730
1,493
263
3.?63
1 176
1.342
^66
270
3 966
3 699
3,592
3,553
1 258
1.357
1.674
267
262
3 P^/
3 3/6
3 A2B
3,689
3,499
3,570
1.384
1 36A
1 88^
?22
2/5
236
3 A28
3 /O/
3,735
3,690
3,815
rl,518
pi, 468
+158
April
May
June
July
August
September
+183
+269
+146
+323
+465
..
October
November
December
1971
January
February
March
+44-5
+246
+125
+188
+71
+166
+49
+136
+245
(NA)
3.27^
3 338
P7e
3 ^00
3,686
3,553
3.569
•232
P218
(NA)
April
May
June
July
August
September
October
November
December
NOTE: Series aire seasonally adjusted except those series that appear to contain no seasonal movement. Unadjusted series are indicated by © . Series numbers are for
identification only and do not reflect series relationships or order. Complete titles and sources are shown at the back of the book. The V indicates revised; a p" f preliminary;
V, estimated; "a", anticipated; and "NA", not available.
Graphs of these series are shown on page 46.
82
APRIL 1971
BCII
OTHER KEY INDICATORS
BALANCE OF PAYMENTS AND MAJOR COMPONENTS
U.S. balance of payments
Year
and
quarter
520. Liquidity balance basis
a. Including
allocation;; of
SDR
(Mil, dot.)
250. Balance on
goods and services, excluding
military grants
522. Official settlements basis
b. Excluding
allocations of
SDR
(Mil. dol.)
a. Including
allocations of
SDR
(Mil, dol.)
b. Excluding
allocations of
SDR
(Mil, dol.)
Net capital movements plus
unilateral transfers and errors
and omissions
525. Liquidity
balance basis1
(Mil. dol.)
(Mil, dol.)
527. Official
settlements
basis2
(Mil, dol.)
530. Liquid
liabilities to all
foreigners3®
(Mil. dol.)
1968
-244
+106
+145
+164
-61
+1,652
+408
-358
455
853
851
340
-699
-747
-706
-176
-516
+799
-443
-698
32,482
32,514
33,493
33,614
-1,352
-3,301
-2,279
+420
+1,453
+1,315
-582
+514
r331
r262
r665
r692
r-1,683
r-4,063
r-2,944
r-272
r+1,122
r+1,053
r-1,247
r-178
34,930
39,045
42,655
r41,900
r42,972
r43,382
r44,220
p43,271
First quarter...
Second quarter..
Third quarter...
Fourth quarter..
1969
First quarter...
Second quarter..
Third quarter...
Fourth quarter..
1970
First quarter...
Second quarter. •
Third quarter...
Fourth quarter..
r-1,44-9
r-1,235
r-600
--564-
r-1,666
r-1,452
r-817
r-780
r-2,901
r-1,780
r-1,815
r-3,323
r-3,118
r-1,997
r-2,032
r-3,539
r846
rl,039
rl,000
P784
r-2,295
r-2,274
r-1,600
P-1,348
r-3,747
r-2,819
r-2,815
p-4,107
(NA)
(NA)
(NA)
(NA)
(HA)
(NA)
(NA)
1971
First quarter...
Second quarter .
Third quarter...
Fourth quarter..
(NA)
BALANCE OF PAYMENTS AND MAJOR COMPONENTS«Con.
Year
and
quarter
532. Liquid
and certain
nonliquid liabilities to
foreign official
agencies3®
(Mil. dol.)
534. U.S.
official
reserve
assets4®
(Mil. dol.)
535. Allocations to the
U.S. of
Special
Drawing
Rights
(Mil. dol.)
Goods and Services Movements, Excluding Transfers Under Military Grants
Merchandise, adjusted5
Goods and services
252. Exports
253. Imports
(Mil. dol.)
(Mil. dol.)
Income on investment, military
transactions, other serv.t total
536, Exports
537. Imports
540. Exports
541. Imports
(Mil. dol.)
(Mil. dol.)
(Mil. dol.)
(Mil. dol.)
1968
First quarter...
Second quarter.
Third quarter..
Fourth quarter..
7,946
8,386
8,878
8,378
7,820
12,7U
11,477
11,832
12,44412,374
rll,96l
r!4,196
r!4,592
r!4,767
rll,630
rl3,934
r!3,927
r!4,075
r!5,364
r!5,793
r!5,969
p!5,831
r!4,5!8
rl4,759
r!4,969
p!5,047
18,407
16,994
17,493
18,574
13,926
14,063
14,634
15,710
11,932
12,685
13,295
16,911
16,006
17,732
17,162
15,758
16,057
16,743
16,964
rl9,,514
r20,56l
r22,372
p24,504
17,350
16,328
15,527
8,569
8,443
3,986
4,299
4,417
4,336
3,657
3,700
3,875
r7,4S5
r9,490
r9,608
r9,890
r7,588
r9,562
r9,28l
r9,404
4,476
4,706
4,984
4,877
4,042
4,372
4,646
rlO,252
rlO,586
rlO,700
rlO,503
r9,729
i-9,829
r9,987
rlO,311
r5,212
r5,269
p5,328
8,132
3,931
1969
First quarter...
Second quarter.
Third quarter..
Fourth quarter..
4,671
1970
First quarter...
Second quarter.
Third quarter..
Fourth quarter .
217
217
217
216
r4,789
r4,930
p4*736
1971
First quarter...
Second quarter.
Third quarter..
Fourth quarter..
(NA)
(NA)
(NA)
(NA)
(NA)
(NA)
(NA)
(NA)
(NA)
NOTE: Series are seasonally adjusted except those series that appear to contain no seasonal movement. Unadjusted series are indicated by ©. Seriesnumbers are for
identification only and dp not reflect series relationships or order. Complete titles and sources are shown at the back of the book. The "r" indicates revised; "p", preliminary;
V, estimated; "a", anticipated; and "NA", not (available; SDR indicates Special Drawing Rights."
Graphs of these series are shoivn on pages 47, 48, and 49.
1
Series 520 (including allocations of" SDR "beginning 1st quarter 1970) minus series 250.
^Series 522 (including allocations
3
of SDR beginning 1st quarter 1970) minus series 250.
Amount outstanding at end of quarter.
^Reserve position at end of
5
quarter.
Balance of payments basis: Excludes transfers under military grants and Department of Defense sales contracts
(exports) and Department of Defense purchases (imports).
83
OTHER KEY INDICATORS
BALANCE OF PAYMENTS AND MAJOR COMPONENTS-Con.
Year
and
quarter
Income on Investment, Military Transactions and Other Services (components of series 540 and 541)
Military transactions
545. Payments 546. Sales under 547. Military
544. Receipts
expenditures
from foreign trav by U.S. travelers military conabroad
tracts
elers in the U.S. abroad
(Mil. dol.)
(Mil. dol.)
(Mil, dol.)
(Mil. dol.)
Transportation and other services
548. Receipts
549. Payments
from
for
Travel
Income on Investments
542. U.S. invest- 543. Foreign
investments in
ments abroad
the U.S.
(Mil. dol.)
(Mil. dol.)
(Mi I. do I.)
(MiLdol.)
1968
First quarter.,.
Second quarter..
Third quarter.,.
Fourth quarter,.
1,765
1,990
2,000
1,935
677
732
761
762
433
431
451
460
755
737
787
743
302
344
393
357
1,103
1,112
1,147
1,173
1,486
1,534
1,573
1,584
1,122
1,119
1,180
1,253
2,089
2,1£0
2,286
905
1,071
1,240
1,247
501
520
519
518
820
855
875
840
391
313
458
352
1,198
1,187
1,220
1,245
1,495
1,723
1,721
1,693
1,119
1,259
1,311
1,339
2,499
r2,307
r2,394
rl,343
rl,320
rl,287
P1,160
r576
r5S9
P593
r925
r988
rl,026
P977
r256
r430
r339
P454
1,178
1,255
rl,210
pl,195
rl,797
rl,899
rl,947
pl,864
;rl,343
rl,367
(NA)
(MA)
(NA)
1969
First quarter...
Second quarter..
Third quarter...
Fourth quarter..
1970
First quarter...
Second quarter..
Third quarter...
Fourth quarter..
plUo4
1971
First quarter,..
Second quarter .
Third quarter...
Fourth quarter..
(HA)
(NA)
(NA)
(NA)
(NA)
BALANCE OF PAYMENTS AND MAJOR COMPONENTS»Con.
Year
and
quarter
Capital Movements plus Government Nonmilitary Unilateral Transfers
Direct investments
560. Foreign investments in the U.S.
Securities investments
561. U.S. investments
abroad
(Mil. dol.)
(Mil, dol.)
564. Foreign purchases 565. U.S. purchases
of foreign securities
of U.S. securities
(Mil. dol.)
(MiLdol.)
570. Government
grants and capital
transactions, net
(Mil. dol.)
575. Banking and
other capital transactions, net
(Mil. dol.)
1968
First quarter..,
Second quarter.
Third quarter.,
Fourth quarter.,
251
5
23
41
451
878
1,048
831
839
1,122
1,115
1,312
304
171
327
453
-962
-355
-762
-391
434
228
156
313
319
539
567
69
-£60
-1,327
-1,356
-594
132
-647
457
-520
r-42
r-283
r249
p-745
1969
First quarter..,
Second quarter.
Third quarter..
Fourth quarter..
246
164
152
270
902
1,015
276
1,388
365
396
963
459
103
r2l6
P99
1,411
1,434
r711
pUO
297
381
697
rp828
133
-66
549
rp26l
r-1,252
r-303
r-940
p-1,106
(NA)
(NA)
(NA)
(NA)
(NA)
877
1970
First quarter...
Second quarter.
Third quarter..
Fourth quarter .
1971
First quarter...
Second quarter.
Third quarter .,
Fourth quarter..
(NA)
NOTE: Series are seasonally adjusted except those series that appear to contain no seasonal movement. Unadjusted series are indicated by © . Series numbers are for
identification
only and do not reflect series relationships or order. Complete titles and sources are shown at the back of the book. The V indicates revised; "p", preliminary;
n
"e , estimated; "a", anticipated; and "NA", not available.
Graphs of these series are shown on pages 50 and 51.
84
APRIL 1971
ItCII
OTHER KEY INDICATORS
Q FEDERAL GOVERNMENT ACTIVITIES
Rece pts and Expenditures
Defense Indicators
Year
and
month
600. Federal
601. Federal
surplus (+) or receipts, nadeficit (-), na- tional income
tional income and product
accounts
and product
accounts
(Ann. rate,
(Ann. rate,
bil.doi.)
bil.dol,)
264. National
602. Federal
expenditures, defense purnational income chases
and product
accounts
(Ann. rate,
bil.dol.)
(Ann. rate,
bil.dol.)
616. Defense
Department
obligations,
total, excluding
military
assistance
(Mil.dol.)
621. Defense
Department
obligations,
procurement
(Mil.dol.)
647. New or648. New orders, defense ders, defense
products indus- products
tries
(Bil.dol.)
(Bil.dol.)
625. Military
prime contract
awards to U.S.
business firms
and institutions
(Mil.dol.)
1969
January
February
March.....
+9.5
197 ".2
18?! 7
7s!6
7,578
7,050
6,543
2,088
2,075
1,701
4.12
4.10
3.81
1.93
2.17
2.17
3,398
3,4U
2,904
+13 '.4
202 .'5
189.1
77.*9
6,520
6,319
6,144
1,638
1,528
1,550
3.84
3.89
3.07
1.95
1.83
1-39
2,825
3,070
2,744
July
August
September
&.3
200 '.8
192." 5
79^8
6,906
6,472
6,394
1,44-7
1,476
1,752
4.18
4.01
3.45
2.45
1.61
1.44
3,001
October
November
December
+6*.i
202.0
195.' 9
78*.8
7,041
7,091
7,088
1,867
1,820
2,103
4.18
4.45
4.09
1.89
2.35
1.93
2,987
2,734
2,765
-i.*7
195 .*9
197.*7
79^3
7,045
6,516
6,519
1,807
1,523
1,669
3.65
4.02
3.98
1.90
1.74
1.58
2,855
2,623
2,904
-14 .*2
196.*7
2l6!9
76.*8
6,643
6,118
6,505
1,559
1,486
1,771
3.42
4.08
3.51
1.38
1.89
1.85
2,545
2,896
July
August
September
-11 .*$
194.*9
206!?
75.*8
7,111
6,035
6,407
1,825
1,332
1,542
4.77
4.06
3-48
3.07
1.85
2.00
October
November
December
r-18.1
6,251
7,166
7,195
1,459
2,041
2,105
3.95
4.08
4.18
2.12
2.02
2.05
7,055
6,928
2,239
2,171
(NA)
3.99
r3.62
P3.64
r2.36
April
May
June
2,896
2,680
1970
January
February
March
April
May
June
rl91*.7
209 !9
74*6
2,591
2,717
2,782
2,113
3,464
2,746
3,181
1971
January
February
March
(NA)
(HA)
p214i6
P73i9
(NA)
2.17
pi. 70
2,508
2',619
(NA)
April
May
June
July
August
September
October
November
December
NOTE: Series are seasonally adjusted except those series that appear to contain no seasonal movement. Unadjusted series are indicated by ® . Series numbers are for
identification only and dp not reflect series relationships or order. Complete titles and sources are shown at the back of the book. The V indicates revised; "p", preliminary;
V, estimated; "a", anticipated; and "NA", not available.
Graphs of these series are shown on pages 52 and 53.
BCII
APRIL 1971
85
OTHER KEY INDICATORS
Q PRICE MOVEMENTS
Consumer price indexes
Year
and
month
781. All items® 782. Food
(1967=100)
783. Commodities less foods
(1967-100)
(1967-100)
Wholesale price indexes
784. Services® 750. All commod- 58. Manufacities ®
tured goods®
(1967-100)
(1967=100)
(1967=100)
751. Processed
foods and
feeds
752. Farm products
(1967-100)
(1967-100)
1969
January
February . . .
March.. « . . .
106.7
107.1
108.0
106.0
106.0
106.6
105.6
106.2
107.1
108.8
109.4
110.3
104.3
104.7
105.3
104.3
104.7
105.2
103.8
104.1
104.8
105.4
105.0
106.5
April
May
June
108.7
109.0
109.7
107.2
107.8
108.7
107.3
107.6
108.1
111.2
111.7
112.2
105.5
106.3
106.7
105.3
105.7
106.1
106.1
107.3
107.7
106.4
109.1
109.7
July
August
September
110,2
U0.7
HI. 2
109-2
109.7
110.4-
108.3
108.4
108.8
112.8
113.5
1H.3
106.8
106.9
107.1
106.4
106.5
106.7
108.0
108.3
108.0
108.8
109.5
109.6
October
November
December
1970
January
February
March.
111.6
112.2
112.9
110.4
111.6
113.1
109.4
109.6
110.0
114.7115.3
116.1
107.4
108.1
108.5
107.4
107.7
108.1
109.0
109.7
110.2
110.3
112.6
112.9
113.3
1X3.9
114.5
113.6
1U.3
114.5
110.3
110.5
110.7
117.1
118.0
119.3
109.3
109.7
109.9
108.8
109.1
109.3
111.9
112.1
112.5
113.0
113.7
114.3
April
May
June
115.2
115.7
1X6.3
114-9
115.4
115.0
111.4
112.0
112.5
120.1
120.7
121 .'4
109.9
110.1
110.3
109.6
109.7
110.0
113.0
111.5
110.7
112.0
109.6
109.8
July
August
September
1X6.7
1X6.9
117.5
115.0
115.0
115.4
112.6
112.8
113.5
122.0
122.7
123.5
110.9
110.5
111,0
110.6
110.6
110.8
112.0
112.4
112.3
111.4
108.8
113.0
October
November
December
1971
January . .
February
March
118.1
118.5
1X9.1
115.5
115.4
115.6
1U-2
114-5
115-3
124.1
124.9
125.6
111.0
110.9
111.0
111.2
111.2
111.2
112.1
112.4
111.1
109.9
108.2
108.0
119.2
119.4
119.8
115.6
116.1
117.4
115.5
115.4
115.6
126.3
126.6
126.6
111.8
112.8
113.0
111.8
112. 4
112.7
111.7
113-3
114.4
109.1
113.6
112.7
April
May
June
July,
August
September ,
October
November
December
. . ..
NOTE: Series are seasonally adjusted except those series that appear to contain no seasonal movement. Unadjusted series are indicated by @. Series numbers are for
identification only and do not reflect series relationships or order. Complete titles and sources are shown at the back of the book. The V indicates revised; "p", preliminary;
"e", estimated; "<i", anticipated; and "NA", not available.
Graphs of these series are shown on pages 54, and 55.
86
APRIL 1971
BCII
ANALYTICAL MEASURES
QH ACTUAL AND POTENTIAL GNP
Year
and
quarter
207. Gap (potential less actual)
Gross national product in constant (1958) dollars
206. Potential level1
205. Actual value
(Ann. rate, bil. dol.)
(Ann, rate, bil. dol.)
(Ann, rate, bil, dol.)
1968
First quarter
Second quarter. ....
Third quarter.
Fourth quarter
693.5
705.4
712.6
717.5
689.6
696.4
703.3
710.2
-3.9
-9.0
-9.3
-7.3
722.1
726.1
730.9
729.2
717.2
724.3
731.4
738.6
^..9
-1.8
+0.5
+9.4
723.8
724.9
727.4
720.3
746.4
754.3
762.3
770.4
+22.6
+29.4
+34.9
+50.1
P731.6
778.6
P+47.0
1969
First quarter
Second quarter. ....
Third quarter
Fourth quarter
1970
First quarter
Second quarter. ....
Fourth quarter
1971
First quarter
Second quarter ....
Third quarter.
Fourth quarter
NOTE: Series are seasonally adjusted except those series that appear to contain no seasonal movement. Unadjusted series are indicated by ® , Series numbers are for
identification only and do not reflect series relationships or order. Complete titles and sources are shown at the back of the book. The V indicates revised; "p", preliminary
"e", estimated; "a", anticipated; and "NA", not available.
Graphs of these series are shown on page 56.
1
Based on a trend line of 3.5 percent per year (intersecting actual line in middle of 1955) from 1st quarter 1952 to 4th
quarter 1962, 3.75 percent from 4th quarter 1962 to the 4th quarter 1965, 4 percent from 4th quarter 1965 to 4th quarter 1969 and
4.3 percent from 4th quarter 1969 to 1st quarter 1971.
APRIL 1971
87
ANALYTICAL MEASURES
U ANALYTICAL RATIOS
Year
and
month
1969
January
February
March
April
May
June
July
August
September
,.
October . . .
November
December
1970
January
„. .
February
.. .
March
April
May
June
July
August
September
,.
.,
October
November
December
1971
January
February
March
850. Ratio,
output to capacity, manu*
facturing
851. Ratio,
inventories
to sales, man*
ufacturing
and trade
852. Ratio,
unfilled orders to shipments,manu*
facturers*
durable goods
industries
853. Ratio,
production of
business .
equipment to
consumer
goods
(Percent)
(Ratio)
(Ratio)
(1957-59^100)
854. Ratio,
personal saving to disposable personal
income
(Ratio)
855. Ratio,
nonagricultural job openings unfilled
to persons
unemployed
(Ratio)
858. Output
per man-hour,
total private
nonfarm
856. Real
avg, hourly
earnings,
prod, workers,
mfg.
(1967=100)
(1967dol.)
859. Real
spendable
avg, wkly.
earnings
nonagri.
prod, or
nonsupv.
workers
(1967 dol.)
857. Vacancy rate in
total rental
housing®
(Percent)
p84.**>
1.53
1.52
1.53
3.21
3.17
3.20
118.9
118.7
1X8.5
0.056
0.139
0.140
0.134
103.2
2.91
2.90
2.90
91.16
90.90
91.07
5.'6
p84*5
1.53
1.52
1.52
3-20
3.23
3.16
120. 0
121.8
122.0
0.053
0.133
0.138
0.139
103*1
2.90
2.90
2.90
91.17
91.18
91.12
sli
* *.
p84*a
1.54
1.53
1.53
3.18
3.15
3.08
119.8
120.0
123.1
0.065
0.125
0.122
0.111
103*2
2.90
2.92
2.91
90.99
91.06
91.35
5!6
p8i*7
1.53
1.55
1.57
3.05
3.09
3.11
124.6
121.1
120.6
0.063
0.111
0.119
0.112
103 '.3
2.91
2.91
2.91
91.09
91*01
90.52
4*7
p79*.a
1.57
1.56
1.58
3.13
3.07
3.08
119-4
121.2
122.2
0.067
0.099
0.089
0.080
102*6
2.89
2.88
2.89
90.54
90.55
90.85
5*6
p7s!o
1.59
1.56
1.56
3.07
2.97
2.95
118.3
115.6
115.5
0.075
0.069
0.063
0.064
103*6
2.88
2.89
2.89
90.27
89.87
89.90
5*6
p76.*a
1.56
1.57
1.57
2.90
2.88
2.81
113.8
113-7
113.9
0.076
104*7
2.90
2.91
2.91
90.36
90.71
89.74
4*9
1.60
1.63
1.60
2.87
2.92
2.92
113.9
113.2
109.5
0.074
104*. 3
• ••
2.85
2.86
2.91
89.49
89.35
89.72
4.'0
r2.95
P3.02
rl05.5
rlQ4.9.
P103.2
pO.072
(NA)
'2.93
2.93
P2.94
r91.01
r91.06
P91.47
4.*9
»* +
rp72i4
rl.57
p73*i
pi. 56
(MA)
CNA)
CNA)
April
May
June
July..
August
September
October
November
December
NOTE: Series are seasonally adjusted except those series that appear to contain no seasonal movement. Unadjusted series are indicated by ®. Series numbers are for
identification only and do not reflect series relationships or order. Complete titles and sources are shown at the back of the book. The V indicates revised; "p", preliminary;
"e", estimated; "a", anticipated; and "NA\ not available.
Graphs of these series are shown on pages 57 and 58.
APRIL 1971
BCII
ANALYTICAL MEASURES
^ DIFFUSION INDEXES: Leading Indicators
Year
and
month
D6. Value of manufacturers' new orders,
durable goods industries (35 industries)
Dl. Average workweek of production workers,
manufacturing (21 industries)
1-month span
9-month span
1-month span
9-month span
OIL Newly approved capital appropriations,
The Conference Board
(17 industries)1
1-quarter span
3-quarter span
1969
January
February
March. .
4-7.6
28.6
97.6
42.9
23.8
26.2
71.4
47.1
50.0
82.9
77.1
65.7
53
65
April
May..
June
38.1
40.5
50.0
35.7
28.6
23.8
54.3
50.0
37.1
57.1
74.3
60.0
59
65
july
August
September
33.3
45.2
50.0
61.9
23.8
16.7
60.0
38.6
65.7
64.3
48.6
42.9
53
47
October
November .
December
14.3
57.1
81.0
9.5
9.5
16.7
44.3
31.4
47.1
34.3
4^.9
22.9
50
29
1970
January
February
March
33.3
26.2
57.1
9-5
19.0
28.6
37.1
51.4
40.0
41.4
40.0
51.4
47
29
April
Mav
June.
28.6
28.6
54-8
16.7
9.5
4.8
54.3
62.9
51.4
40.0
42.9
47.1
53
41
July
August
September
76.2
19.0
9-5
19.0
21.4
r38.1
54.3
34.3
62.9
57.1
57.1
74.3
35
P29
October
November
December
76.2
61.9
81.0
r40.5
P52.4
28.6
60.0
50.0
r48.6
p6l.4
P47
.
... ...
..
1971
January
February
March
r64-3
r26.2
p76.2
.
62.9
P57.1
P57.1
(NA)
<NA)
April
May
June
July
August
September
October
November
December
....
NOTE: Figures are the percent of series components rising (half of the unchanged components are considered rising). Data are centered within spans; 1-month indexes are
placed on latest month and 9-month indexes are placed on the 6th month of span; 1-quarter indexes are placed on the 1st month of the 2d quarter and 3-quarter indexes are placed
on the 1st month of the 3d quarter. Seasonally adjusted components are used. Table E4 identifies the components for most of the indexes shown. The V indicates revised;
"p", preliminary; and "NA", not available,
Graphs of these series are shown on page 59.
^•This is a copyrighted series used "by permission; it may not be reproduced without written permission from The Conference
Board.
APRIL 1971
89
ANALYTICAL MEASURES
0
Year
and
month
034. Profits,
manufacturing,
FNCB {about 1.000
corporations)
1-quarter span
1969
January
February
March
DIFFUSION INDEXES: Leading lndicators»Con.
D19. Index of stock prices, 500 common
stocks (75 industries)®1
1 •month span
9-month span
D23. Index of industrial materials prices
(13 industrial materials)
1-month span
9-month span
D5» Initial claims for unemployment
insurance, State programs, week
including the 12th (47 areas)
1-month span
9-month span
52
12.0
43.3
13.3
73.3
40.0
H.7
53.8
61.5
46.2
84.6
80.8
76.9
72.3
38.3
55.3
70.2
46.8
40.4
April
May
June
55
54.0
74.7
1.3
12.0
6.7
21.3
65.4
57.7
76.9
69.2
76.9
92.3
48.9
57.4
23.4
58.5
34.0
25.5
July
August
September
49
4.0
34.7
61.3
25.3
21.3
20.0
61.5
76.9
57.7
76.9
76.9
69.2
51.1
59.6
38.3
28.7
24.5
8.5
50
+**
+ •»
72.7
63.0
4.0
U.7
25.3
31.5
46.2
50.0
50.0
69.2
69.2
76.9
45.7
31.9
57.4
6.4
12.8
12.8
51
43.3
23.3
82.7
5.5
5.6
5.6
50.0
30.8
57.7
61.5
42.3
38.5
31.9
25.5
44.7
4-3
2.1
11.7
April
May
June
47
16.4
2,7
47.9
6.9
25.0
27.8
61.5
53.8
19.2
34.6
34.6
38.5
25.5
63.8
42.6
6.4
12,8
2.1
July
August
September
52
41.7
77. a
96.5
31.9
46-5
72.2
46.2
42.3
19.2
15.4
15.4
59.6
42.6
31.9
12.8
25.5
55.3
October
November . . . .
December
1971
January
February
March. , .
40
72.2
48.6
98.6
95.8
97.2
30.8
42.3
15.4
30.8
^46.2
53.2
57.4
70.2
55.3
51.1
October
November
December
1970
January
February
March
,
April
May
June
P57
95.8
87.5
71.5
46.2
19-2
46.2
61.5
80.8
38.3
61.7
42.6
^80.8
July
August
September
October
November
December
NOTE; Figures are the percent of series components rising (half of the unchanged components are considered rising). Data are centered within spans: 1-month indexes
areplacedon latest month and 9-month indexes are placed on the 6th month of span; 1-quarter indexes are placed on the 1st month of the 2d quarter. Seasonally adjusted compo*
nents are used except in index D19 which requires no adjustment and index 034 which is adjusted only for the index. Table E4 identifies the components for most of the indexes
shown. The V1 ind cates revised; V, preliminary; and "NA", not available. Unadjusted series are indicated by ®.
Graphs of these series are shown on page 59.
1
Based on 75 components through March 1970, on 73 components through May 1970, and on 72 components thereafter.
a
Ay©rag© for April 6, 13, and 20.
90
APRIL 1971
ltd*
ANALYTICAL MEASURES
Q DIFFUSION INDEXES: Roughly Coincident Indicators
Year
and
month
D41. Number of employees on
nonagricultural payrolls
(30 industries)
1-month span
1969
January
February
March
6-month span
D47. Index of industrial production
(24 industries)
1-month span
6-month span
D58, Index of wholesale prices
(22 manufacturing industries)®
1-month span
91.7
71.7
73.3
86.7
76.7
73.3
54-2
62.5
91-7
83.3
70.8
77.1
r75.0
51.7
56.7
63.3
75.0
68.3
58.3
45.8
66.7
70.8
51.7
55.0
48.3
53.3
50.0
50.0
October
November
December
50.0
45.0
63.3
1970
January
February
March
45.0
6-month span
D54. Sales of retail stores
(23 types of stores)
1-month span
9-month span
75.0
81.8
79.5
84.1
69.6
60.9
21.7
73.9
82.6
71.7
75.0
72.9
62.5
84.1
79.5
84.1
90.9
90.9
88.6
73.9
41.3
54.3
67.4
65.2
56.5
45.8
54.2.
37.5
45.8
56.2
41.7
77.3
68.2
77.3
86.4
86.4
81.8
45.7
50.0
30.4
50.0
52.2
56.5
43.3
46.7
43.3
43.8
62.5
45.8
33.3
41.7
33-3
68.2
84.1
72.7
81.8
81.8
72.7
63.0
34.8
60.9
73.9
65.2
87.0
a. 7
45.0
33.3
35.0
31.7
37.5
52.1
45.8
56.2
33.3
25.0
86.4
77.3
72.7
79.5
77.3
75.0
60.9
58.7
50.0
78.3
82.6
82.6
25.0
.21.7
26.7
21.7
16.7
16.7
56.2
25.0
54.2
37.5
29.2
20.8
68.2
r68.2
56.8
77.3
84.1
86.4
82.6
54-3
39.1
91.3
82.6
82.6
July
August
September
35.0
23.3
58.3
20.0
20.0
16.7
54.2
50.0
25.0
12.5
29.2
45.8
61.4
70.5
77.3
75.0
81.8
77.3
56.5
65.2
50.0
78.3
71.7
r78.3
October
November
December
1971
January
February
March
33.3
35.0
55.0
r23.3
30.0
Ptt.7
47.9
41.7
r58.3
41.7
r37.5
p62.5
72.7
81.8
81.8
67.4
p60.9
(NA)
...
April
May
June
July
August
September
April
May
June
April
May
June
..
..
...
r63.3
r38.3
PU.7
.
...
.
....
r72.9
r22.9
p66.7
68.2
75.0
61.4 1
56.8
79.5
75.0
72.7
%:l
r54.3
P56.5
(NA)
July
August
September
October
November
December
NOTE: Figures are the percent of series components rising (half of the unchanged components are considered rising). Data are centered within spans: 1-month indexes
are placed on latest month, 6-month indexes are placed in the 4th month, and 9-month indexes are placed on the 6th month of span. Seasonally adjusted components are used
except in index D58 which requires no adjustment. Table E4 identifies the components for the indexes shown. The V indicates revised; "p", preliminary; and "NA", not
available. Unadjusted series are indicated by®.
Graphs of these series are shown on page 60.
ltd*
APRIL 1971
91
ANALYTICAL MEASURES
E4 Selected Diffusion Index Components: Basic Data and Direction of Change
1970
1971
Diffusion index components
August
September
October
November
March p
February
January
December
Dl. AVERAGE WORKWEEK OF PRODUCTION WORKERS, MANUFACTURING x
(Average weekly hours)
-
AH manufacturing industries
39.8
(19)
-
+
o
-
40.4
39.8
39.0
U.O
40.4
40.6
-
40.9
39.9
40.7
40.0
38.6
+
-
39.7
39.6
38.3
40.9
40.9
39.8
40.1
39.2
39.8
39.4
38.1
+
o
40.7
37.4
39.9
35.1
41.7
-
+
-
37.6
41.3
43.1
40.4
36.8
-
+
+
+
+
+
40.1
39.2
39.2
41.0
39.9
40.1
+
+
o
+
+
40.4
39.7
39.8
39.8
38.3
+
+
+
+
+
+
+
+
40.2
39.9
39.4
41.1
39.6
40.0
40.6
39.6
39.9
40.0
38.6
+
o
+
+
+
+
+
+
+
40.6
39.9
39.6
41.4
39.9
40.3
40.4
39.7
40.2
39.6
38.8
+
+
+
+
+
+
o
40.0
36.1
30.8
34.2
-f
+
+
+
•f
40.5
38.1
39.6
34.9
41.7
+
o
+
-
40.4
38.4
39.6
35.4
41-6
+
-f
+
o
-
40.5
39.0
39.7
35.4
41.5
37.4
o
+
•f
37.4
41.3
43.2
39.6
37.0
+
o
+
37.5
41.3
43.0
39-4
37.1
+
+
+
+
+
37.6
41.4
43.5
39.5
37.3
+
+
+
+
+
+
+
-
+
(10)
Durable goods industries:
Lumber and wood products
»
Furniture anil fixtures
*
Stone clay ^nd glass products . «
Primary metal industries
«
Fabricated metal products* . , „ . 4
Machinery, except electrical
Electrical machinery
4
Transportation equipment
Instruments and related products
Miscellaneous manufacturing industries
Nondurable gooes industries:
Food and kindred products
Tobacco manufactures
Textile mill products
Apparel and related products
Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and related products
Rubber and plastic products
Leather and leather products
-
o
39.4
(76)
39.3
4a.4
+
42,0
-
43.0
40.0
36.5
39.6
(62)
39.6
+
(81)
- r39-5
(26)
+
r41.2
r39.4
39.5
r41.2
r40.3
40.5
r40.2
r39.8
41.3
r39.7
r38.8
+
+
o
+
_
+
-
ivU.8
r40.1
r39.2
r41.2
r40.6
r40.2
r40.1
39.2
r41.5
r39-3
r37.8
+
+
+
+
+
+
o
+
+
+
+
42.1
40.3
39.8
41-7
41.4
40.3
40.1
39.6
41.6
40.0
38.6
r40.8
r39.4
r40.4
35.2
r41.9
37.7
41.6
r42.6
r40.1
37.0
-
r40.6
r36.1
r40.2
r34.7
r41.8
+
+
+
-
40.1
37.1
40.3
35.1
41.7
+
-
r37.4
rU-5
r43.5
r40.0
r36.6
©
+
+
37.4
41.6
42.9
39.9
37.0
39.8
(64)
39.9
(76)
D6. VALUE OF MANUFACTURERS' NEW ORDERS, DURABLE GOODS INDUSTRIES1
(Millions of dollars)
All durablo goods industries
- 30,537
- 29,856
-
*
Metal cans barrels and drums
-
3,304
..
4,709
2,253
+
+
_
Other primary metals.
Fabricated metal products
4,842
2,310
Machinery, except electrical
Steam engines and turbines*
Internal combustion engines*
Farm machinery and equipment
Construction, miming, and material handling*. .....
Metalworktng machinery*
Miscellaneous equipment*
Machine shops,,
Special industry machinery*
General industrial machinery*
Office and store machines*
Service industry machinery*
+
+
727
255
...
...
5,346
5,367
+
4,348
1,977
4,544
+ 2,057
-
;}
+
+
+
+
306
+
5,253
;} 464
+ 31,405
(63)
+r31,867
(57)
5,428
+ 2,906
+
r5,100
- 2,543
+
+
+
+
2,916
3,291
_
5,412
5,351
;} 549
+
+}
»»
+
708
270
781
307
550
523
+
+
4,962
+ 2,586
3,333
+
+
542
(50)
_
+
+
+
+ 30,602
+
+
3,302
3,524
+
+
;} 434
(29)
(60)
+
..
Hardware, structural metal and wire products
Other fabricated metal products
+ 29,009
(63)
(34)
Primary metals * • * .
»
Blast furnaces steel mills. . . »
Nonferrous metals .
»
- 28,504
672
262
+
+
+
+
+
+
+
631
299
;}
+
+
+
...
726
316
581
+
+
+
+
(NA)
+
+
5,462
l}
+
+
5,002
(NA)
...
(NA)
438 t} (NA)
757
281
- (m\
+ (NA)
+
+
+
+
(57)
3,075
5,419
555
- 31,179
...
670
+
+
+
+
450
...
+
+
+
564
-
(MA)
NOTE: To facilitate interpretation, the month-to-month directions of change are shown along with the numbers: (+) = rising, (o) - unchanged, and (•) = falling. Only
the directions of change are shown when numbers are held confidential by the source agency. NA = not available, p = preliminary, r : revised. * Denotes machinery
and equipment industries that comprise series 24,
are ^seasonally adjusted "by source agency.
92
APRIL 1971
Kill
ANALYTICAL MEASURES
E4 Selected Diffusion Index Components: Basic Data and Direction of Change-Con.
1970
1971
Diffusion index components
August
October
September
November
February
January
December
March
D6. VALUE OF MANUFACTURERS' NEW ORDERS, DURABLE GOODS INDUSTRIES1 -Continued
(Mi I lions of dollars)
Electrical machinery
Electrical transmission distr. iBQuipment*
Electrical industrial apparatus'"
3,921
;}
Radio and TV
Communication equipment!
+
-
Other electrical machinery*
+
787
3,606
;}
+
1,126
821
3,954
7
;} ^
+}
+
+
-
1,380
+
4,051
4,354
803 +} 819
1,208
+
+
•
+
7,017
...
-
7,872
+
1,233
(NA)
:> (NA)
+
+
+
(HA)
p7,627
r8,599
+
+
+
+
-
;}
+
+
1,251 -
753
•..
+
*. .
+
+
+
+
+
+
766
+
** .
+
Lumber total
1,464
6,310
+
+
+
+
+
3,958
3,985
!}
+
6,062
7,026
7,559
Transportation eQuipment
•
Motor vehicles and parts total
770
•*.
+
+
+
.*.
+
+
+
+
..*
+
+
D19. INDEX OF STOCK PRICES, 500 COMMON STOCKS2
(1941-43 = 10)
Index of 500 stock prices
-1-
77. 921 +
(78)
_L
Food composite
+
Textile products
Paper
Publishing
+
+
+
+
+
Chemicals
Drugs
Oil composite
Building materials composite
Steel
.
Meta! fabricating
.,
+
+
„
„
+ 84.;?7
(7;2)
-
-f
+
+
+
+
+
+
+
+
+
+
Machinery composite
Office and business equipment.
Electric household appliances
Electronics
Automobi les
Radio and television broadcasters
+
+
Telephone companies
Electric companies
Natural gas distributors
Retail stores composite
Life insurance
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
•f
+
+
+
+
+
+
+
+
+
+
+
+
+
84.28
+
(49)
+
+
+
+
+
+
(9<>)
+
+
+
+
+
82. i58
+
+
+
+
90.05
+
(99)
93J•-9 +
(X ))
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
-1-
+
+
+
+
+
+
+
+
+
t
+
_i_
+
+
+
+
+
+
+
+
+
+
+
+
+
•f
+
+
+
+
+
+
97.]LI +
(8£i)
99.<30
(7;2)
+
+
+
+
+
+
+
+
+
4+
+
+
+
+
NOTE: To facilitate interpretation, the month-to-month directions of change are shown along with the numbers: (+) = rising, (o) = unchanged, and (-) = falling. Only
the directions of change are shown when numbers are held confidential by the source agency. NA = not available, p ~ preliminary, r = revised. *Denotes machinery
and equipment industries that comprise series 24, t These industries plus ordnance comprise series 647.
are seasonally adjusted "by the source agency.
Data are not seasonally adjusted. The components shown here include 18 of the more important industries and 5 composites
representing an additional 23 of the industries used in computing the diffusion index in table £3,
2
ItCII APRIL 1971
93
ANALYTICAL MEASURES
E4 Selected Diffusion Index Components: Basic Data and Direction of Change-Con.
1970
1971
Diffusion index components
September
August
November
October
December
January
Aprill
March
February
D23. INDEX OF INDUSTRIAL MATERIALS PRICES2
Industrial materials price
index (1967-100)
-
111.2
-
110.5
- 109.5
- 108.9
-
106.4
-
105.9
4-
107.2
+ 107.8
+
(81)
+
.482 i
o
.048
- 35.380
+ 1.684
4.155
+
.182
110.4
(Dollars)
(42)
Percent rising of 13 components
Copper scrap (Ib,)
Lead scrap (Ib,). . . „
Steel scrap (ton) . . ,
Tin (Ib.)
„
Zinc(lb.)
„
Burlap (yd.)
„
Cotton (Ib,), 12-market average
Print cloth (yd.), avorage
Wool tops (Ib.)
Hides (Ib.).
Rosin (100 Ib.)
Rubber (Ib.)
Tallow (Ib.)
.527
.063
- 42,055
+ 1.769
.160
4.162
4.254o
.223
- 1.369
.161
4 12.870
+
.194
.081
+
+
+
o
+
o
o
o
(46)
.524
.061
46.315
1.772
.156
.163
(31)
- .473
o
.061
- 45.249
- 1.744.155
.154
.251
.254 .224
.224 o
.1296 - 1.238
.161 4.162
12.780 + 15.010
.186
.194 .076 +
.083
(42)
.419
o
.061
- 35.000
- 1.668
+ .156
.149
+
+
+
+
.249
.222
1.286
.165
17.137
.189
.082
(19)
.405
.055
35.851
1.587
.155
.148
(46)
.393
.048
+ 40.042
+ 1.590
.150
+
.149
(62)
4
.408
o
.048
- 38.869
4- 1.639
.149
4.150
(81)
+
.448
o
.048
- 35,674
4- 1.683
+
.152
+
.153
.247
o
.222
- 1.244
.159
- 16.932
+
.197
.076
4
.248
o
.222
1.179
o
.159
+ 17.056
.188
.075
+
.256
o
.222
1.112
.157
+ 17.857
+
.190
4.077
+
.261 +
.264
+
.260 +
.265
+
1.106
- 1.067
+
.160 4.167
+ 17.928 + 18.000
.196
+
.192 +
.076
+
.079
+
-
D5. INITIAL CLAIMS FOR UNEMPLOYMENT INSURANCE, STATE PROGRAMS3
(Thousands)
Avg. weekly initial claims ...
288
Northeast region:
Boston (7)
Buffalo (21)
Newark(ll)
New York (1)
Paterson (20)
Philadelphia (4)
Pittsburgh (10)
Rochester (26)
North Central region:
Chicago (2)
Cincinnati (22)
Cleveland (9)
Columbus (25)...
Detroit (5).. . .
Indianapolis (23).,,
Kansas City (19). „
Milwaukee (18)..,,..
Minneapolis (13),
St. Louis (8)
South region;
Atlanta (16)
Baltimore (12)
Dallas (15)
Houston (14)
West region:
Los Angeles (3)
Portland (24)
San Francisco (6)
Seattle (17)
338
(43)
Percent rising of 47 components
341 +
(53)
(32)
"T*
'
. "
r
T
-
+
338
4
'297
+
(70)
(57)
282
278
291
(62)
(43)
.
.
.
.
.
.
:::
•f
"*
*~
...
...
~"
...
4-
4-
• • .
• ••
+
(38)
—
44
4-
+
T
.• .
4T
; :::
+
+
4
4-
•••
4"
T
...
T
...
+
...
...
-
-
+
...
4"
...
-
4
-
+
...
+
...
4"
...
4°
...
T
...
4"
...
..*
4-
4*
.• *
4-
NOTE: To facilitate interpretation, the month-to-month directions of change are shown along with the numbers: (4-) = rising, (o) = unchanged, and (-) - falling. Only
the directions of change are shown when numbers are held confidential by the source agency. NA = not available, p = preliminary, r - revised.
1
Average for April 6, 13, and 20.
2
Serles components are sea$onally adjusted by the Bureau of the Census.
The industrial materials priee index is not seasonally adjusted.
^The^signp are reversed because this series usually rises when general business activity falls and falls when business rises:
(-) - rising, (o) - unchanged* and (+) - falling.
Series components are seasonally adjusted by the Bureau ©f the Census befor©
the direction D£ change is determined. Data used are for the week including the 12th of the month. Directions of change are
shown separately for only the 26 largest labor market areas. The number following the area designation indicates its sU© rank.
94
APRIL 1971
BCII
ANALYTICAL MEASURES
E4 Selected Diffusion Index Components: Basic Data and Direction of Change-Con.
1970
1971
Diffusion index components
August
October
September
December
November
January1*
February
March P
- r70,559
o 70,568
(42)
D41. NUMBER OF EMPLOYEES ON NONAGR1CULTURAL PAYROLLS 1
(Thousands of employees)
- 70,414 + 70,531 - 70,182
(58)
(33)
(23)
Ordnance and accessories
Lumber and wood products
Furniture and fixtures
Stone, clay, and glass products
Primary metal industries
Fabricated metal products
Machinery
Electrical equipment
Transportation equipment,
Instruments and related products
Miscellaneous manufacturing industries
Food and kindred products ...................
Tobacco manufactures
Textile mill products
Apparel and related products
Paper and allied products.
Printing and publishing
Chemicals and allied products
Petroleum and related products
Rubber and plastic products
Leather and leather products
Mining
Contract construction
Transportation and public utilities
Wholesale trade
k
Retai 1 trade
„
Finance, insurance, real estate „
Servke and miscel laneous
Federal government
State and local government
o
+
+
-
129
491
372
500
1,031
1,060
1,288
1,266
1,285
274
323
- 1,198
+
69
837
- 1,206
540
676
602
117
433
277
+
619
3,305
4,520
3,840
o 11,072
3,670
+ 11,521
2,659
+
9,937
128
+
495
+
377
+
505
+ 1,047
+ 1,067
- 1,281
- 1,258
+ 1,286
273
322
- 1,193
63
+
839
-1- 1,210
+
543
+
680
+
606
115
+
436
276
+
621
3,262
- 4,511
+ 3,850
+ 11, HI
+ 3,684
+ 11,622
2,649
o
9,936
- 70' 085 + 70,303
(55)
(35)
+ 70,652
(38)
(63)
122
495
374
500
- 1,005
- 1,002
- 1,233
- 1,213
977
267
316
118
492
373
495
981
985
- 1,218
- 1,181
967
264
312
114
488
370
+
499
+
990
+ 1,021
- 1,209
+ 1,188
+ 1,239
262
+
320
110
+
492
+
371
- 496
+
992
- 1,014
- 1,190
- 1,181
+ 1,254
261
- 318
- 1,184
o
63
830
- 1,196
535
676
603
+
116
423
275
o
621
43,278
o 4,509
+ 3,857
+ 11,154
+ 3,696
+ 11,665
+ 2,654
+ 10,064
+ 1,194
+
64
828
+ 1,200
+
538
675
597
o
116
-U9
272
+
625
+ 3,303
4,493
- 3,851
- 11,094
+ 3,711
+ 11,695
+ 2,661
+ 10,114
+ 1,197
62
+
831
+ 1,207
536
+
677
595
o
116
o
419
270
o
625
+ 3,319
4,437
+ 3,855
- 10,996
+ 3,723
+ 11,727
2,650
+ 10,129
+ 1,199 + rl,201
r63
+
63 o
r831
+
835
+ 1,208 - rl,193
r533
- 535 r671
- 673
o
595 r593
rl!7
+
117 o
r422
+
420 +
r268
+
271 o
625
r624
- 3,241 - r3,182
+ 4,499 + r4,515
+ 3,868 o r3,869
+ 11,265 o rll,264
+ 3,746 o r3,745
+ 11,778 + rll,786
+ 2,656 + r2,659
+ 10,167 + rlO,197
+ 1,209
o
63
827
+ 1,211
530
668
+
595
o
117
+
428
266
622
+ 3,229
o 4,515
+ 3,886
- 11,249
+ 3,753
- 11,780
2,654
+ 10,225
+
+ 165.6
+ 165.2
(42)
164-4
(58)
+ r!35.'4
+ 160.0
+ 138!6
+ 164-6
o
105
4
r493
r369
o
r496
o
r992
- 1,013
- rl,177
- rl,176
- rl,234
r259
+ r319
102
500
370
488
985
991
- 1,160
- 1,168
+ 1,237
252
313
+
+
D47. INDEX OF INDUSTRIAL PRODUCTION1
(1957-59-100)
All industrial production
- 168.8
Percent rising of 24 components 2
Durable goods:
Primary and fabricated metals
Primary metal products
Fabricated metal products
Machinery and related products
Machinery, except electrical
Electrical machinery
Transportation equipment
Instruments and related products
Clay glass, and lumber
Clay, glass, and stone products
Lumber and products
Furniture and miscellaneous
Furniture and fixtures
Miscellaneous
- 165.8
(50)
(25)
- 162.3
(48)
- 161.5
+ 145!6
- 171.9
- 142.6
- 169.2
133 '.9 129.*3
- 160.6 - 158.7
- 18316
+ 199.9
- 156.7
- 183.3
I8o!6
- 194.5
B9.0
- 181.8
176.*1
- 191.9
- 122.0
- 181.3
-
+
+ 114.2 - 108.2
148*.5
+
U9*.4 -1- 110.1 - 107.0
+ rl52.*6
- 105.8
17l!7
+
172i9 - 159.1 - 157.7
+
173^9
- 156.3
+ 174*7
+ 158.5
174^5
~ 157.5
o 174^5
+ 158.0
+
156".! -
us!?
:ul'.i
- 163.9
- 166.3 +
+ 185.9 + 148.6 + 181.4 - 151.*3 + pll6.9
172!? 1?6!4
- 187.4 - r!85.1
- 121.9 + U2.5
+ 181.7 - 180.5
rl64.9
(67)
(23)
(73)
rl6o!4
rl82.9
148.5
r!79.9
r!36.6
150.0
(NA)
173*.7
+ r!59-4
+
+
+
+
+
144
164
•..
165
165
U7
176
137
149
(NA)
175
158
NOTE: To facilitate interpretation, the month-to-month directions of change are shown along with the numbers: (+) = rising, (o) = unchanged, and (-) = falling. Only
the directions of change are shown when numbers are held confidential by the source agency, NA = not available, p = preliminary, r = revised.
^•Data are seasonally adjusted by the source agency.
Where actual data for separate industries are not available, estimates are used to compute the percent rising.
of change for the most recent spans are computed "before figures for the current month are rounded.
2
ItCII
APRIL 1971
Directions
95
ANALYTICAL MEASURES
E4 Selected Diffusion Index Components: Basic Data and Direction of Change-Con.
1970
1971
Diffusion index components
August
September
October
December
November
January
February
March
D47. INDEX OF INDUSTRIAL PRODUCTION1-Continued
(1957-59=100)
Nondurable goods:
Textiles apparel and leather
Textile mill products. *
Apparel products
Leather an$ products
Paper and printing
Paper and products
Printing and publishing
- 145.7
- 139.3
+ 94.6
+ 146.7
- 138.7
+ 97.2
- 145.1
- 135.5
- 93.1
- rU3.*9
4- rLU.7
+ 94.2
- rl34.6
(NA)
- P139.0
+ p94.7
- rl32.8
(NA)
(NA)
(NA)
+
i
+ 146.1
- HO. 7
- 93.6
P133
(NA)
(NA)
(NA)
«
-
166^2
151.5
+ I6d!6
- 150.2
+ 17l".7
+ 152.4
- 169*. 5
+ 152.7
+ 160.5 o 160.5
(HA)
(NA)
o r!52.6
- r!52.6
4-
+ 172.*9
- 154.3
+
pL6l
(HA)
p!53
p32S
+ 240.*8
+ 150.3
- 221.4
o 240.7
- 150.1
- 219.1
+ 243*.7
4- 154.2
- 218.9
+ r243.*9
+ 156.0
+ 222.3
+ r245.9
- r!54.5
+ 223.8
- r224.3
-P243.6
- pl51.8
(NA)
+
- 239*.8
+ 147.5
- 236.9
•f L42.M
+ 122.9
- 139 '.6
+ 124.1
+ Ut2.7
- 121.6
+ rU4*.4
+ 121.7
+ r!44.*7
+ p!21.9
- 142.7
- P144.3
(NA)
o
+ L$i! 6
- 121.8
p!43
(HA)
(NA)
+ 128.5
+ 136.5
- 127.9
+ 140.3
+ 128.1
+ 141.5
- 127.3
- 139-1
+ r!30.1
- 137.4
+ 131.1
+ r!37.7
- r!29.5
- r!35.9
+ 152*.3
- 142.3
- 144^5
- 140.5
+ 145 .'i
+ 142.0
+ l60.'l
+ 142.7
4+
4-
- 159!7
+ 145.2
- r!57!8
+ rU6.7
- Pl54ii
- P144-4
p!37
p!37
p!54
(NA)
(NA)
+
112.7
Chemicals petroleum, and rubber
Chemicals and products. ..... ^
Rubber and plastics products. . ,
Foods, beverages, and tobacco
Foods and beverages
Tobacco prDducts
Minerals;
Coal
Crude oil and latural gas
Metal, stone, <md earth minerals
Metal mining
Stone and earth minerals
*
*
,
«
(m)
(MA)
(NA)
D58. INDEX OF WHOLESALE PRICES, MANUFACTURING INDUSTRIES2
(1967=100)
All manufacturing industries
o 110.6
+ no. 8
(70)
Durable goods:
Lumber and wood products
Furniture and other household durables
Nonmetallic mineral products
Iron and steel „
Nonferrous metals
Fabricated structural metal products
Miscellaneous metal products.
General purpose machinery and equipment
Miscellaneous machinery
,
Electrical machinery and equipment
Motor vehicles and equipment
Miscellaneous Drottucts
Nondurable goods:
Processed foods and feeds
Cotton products.
Wool products
Manmade fiber lextile products
Apparel
Pulp, paper, and allied products
Chemicals and allied products
Petroleum products, refined
Rubber ana plastic products
Hides, skins, leather, and related products
+
+
+
-
114. 0
107.7
113.6
116.1
- 125.0
+ 113.4
+ 115.5
-f in. 5
•f 112.7
4- 106.9
4- 107.1
+ in. 2
- 112.9
+ 105.6
- 99.1
- 101.7
+ 111.4
- 103,2
4- 102.7
+ 100.9
4- 109.7
o 109.8
(77)
4- in. 2
(75)
- 113.1
+ 108.0
+ 114.2
+ 117.4
- 122.0
- 122.7
+ 113.6 + 114-1
+ n6.9 + 117.2
+ n5.o + n5.9
+ H3.4 + 113.9
4- 107.5 4- 107.6
+ 107.3 4- 112.5
+ in. 5 + 111.6
+
+
+
+
U4.2
107.8
113.8
n6.7
o 111.2
(61)
o
- 111.9
+ 108.4
- 111.1
+ 108.7
+ H5.1
o n6.5
+ n4.6
- n6.5
- 119.4
- 113.9
+ n?.6
+ n6.2
+ n4.6
in. 2
(57)
- n6.7
+ 114.2
o n7.6
+ n?.o
+ ns.6
+ 107.9
+ 108.2
+ 111.8
-f 111.9
+ n2.8
+ n3.4
+ n3.o
- in. 8 - in. 7 - no. 7
+ 105.7
- 98.7
- 100.7
+ 112.0
+ 106.0
- 97.7
- 99.1
+ 112.3
+ 108.3
- 102.5
+ 101.6
- 109.4
+ 109.9
+ 108.9
+ 103.0
o ,101.6
+ 109.5
+ 110.4
+ 106.2
o 97.7
- 98.0
+ 112.4
- 108,7
+ 103.3
+ 103.1
- 109.1
+ no. 9
+ 106.9
- 96.8
- 97.5
- 111.9
- 108.5
o 103.3
+ 107.5
+ 109.4
- no.4
+ in. 8 + 112.4
(80)
+ n2.2
+ 109.3
+ n8.8
+ n7.6
- 115.4
+ 115.2
4- n?,7
(75)
+ 117.5
+ 109.7
+ 119.0
+ 118.0
- 114-2
+ 115.7
o 117.7
+ n?.3
+ 116.1 - 115.9
o 117.0
•f 108. d
+ 113.9
(73)
+ 123.4
- 109.6
4- 120.9
+ 118.2
+
+
+
n3.7
116.6
117.9
117.8
+
-
n6.3
ns.a
+
112.8
4- 109.3
4- 114.1
+ 112.6
+ 109.7
+ in. 8 + n3.3
+ 107.5
- 95.4
+ 97.4
- 112,0
+ U3.7
4- 107,8
94.5
+ 97.6
4- 112.2
+ 109.3
+ 104.2
- 106,9
+ 109.1
+ 112.4
o
+
o
4-
4- n2.3
+ 107.1
- 96.2
- 97.2
+ 112.3
+ 109.0
+ 103.8
4- 107.9
- 108.4
+ in. 7
109.3
104.5
105.9
109.1
112.5
NOTE: To facilitate interpretation, the month-to-month directions of change are shown along with the numbers: (+} = rising, (o) = unchanged, and (-) ^ falling. Only
the directions of change are shown when numbers are held confidential by the source agency. NA = not available, p = preliminary, r = revised.
1
Data are seasonally adjusted by the source agency.
a
Data are no°: seasonally adjusted.
96
APRIL 1971
BCII
ANALYTICAL MEASURES
E4 Selected Diffusion Index Components: Basic Data and Direction of Change-Con.
1971
1970
Diffusion index components
November
October
September
August
January1"
December
February P
March
D54. SALES OF RETAIL STORES 1
(Millions of dollars)
All retail sales
+ 30,781 + 30,885
(65)
-
(50)
30,534 (67)
30,208
6,349 +
2,347 +
3,154 +
317
6,420
2,374
3,231
311
o
+
+
+
6,422 o
2,386 +
3,259 324
Variety stores
Men's and boys' wear stores
Women's apparel accessory stores
Shoe stores
+
580 +
380 +
658
324
603
387
627
304
+
+
+
597
398 +
655 +
332
596
403
673
325
Furniture home furnishings store's
Household appliance, TV, radio stores
Lumber yards, building materials dealers
Hardware stores
+
851 +
+
445
+
958 o
- ' 278 +
856 +
402 +
958
279
Passenger car and other automotive dealers
Tire, battery, accessory dealers
Gasoline service stations
Drug and proprietary stores
Liquor stores
+
+
+
5,090
432
2,156
1,071
710
+
+
+
+
5,214
438
2,165
1,101
687
+
+
+ 31,100 + 31,341
(56)
(54)
+
Grocery stores
+
Eating and drinking places
Department stores
Mail-order houses (department store merchandise) . .
+
+
+ 30,537
6,421 +
2,394 3,240 +
6,533
2,387
3,282
307
(NA)
(56)
(NA)
6,441 +
2,374 +
3,344 -
6,453
2,398
3,293
(54)
+
314
+
327
(Hi)
(NA)
(NA)
(NA)
626
398
673
310
+
+
598 +
406
653 +
364
611
414
637
312
(NA)
(NA)
(NA)
(NA)
861 +
433
953 +
275
890
411
972 +
273
860 +
406 +
1,008 +
258 o
895
427
1,037
258
+
870
443
973
265
(NA)
(NA)
(NA)
(NA)
+
4,016 +
431
5,306
2,242 +
1,099 +
5,010
467
2,234
1,115
681
+
+
+
+
+
+
+
+
+
482
2,216
1,131
714
(NA)
(NA)
(NA)
(NA)
(NA)
4,515
427
2,217
1,090
690
+
321
+
+
689
4,313
394
2,269
1,102
662
-
+
+
+
NOTE: To facilitate interpretation, the month-to-month directions of change are shown along with the numbers: (+) = rising, (o)« unchanged, and (-) - falling, Only
the directions of change are shown when numbers are held confidential by the source agency. NA = not available, p = preliminary, r - revised.
1
Data are seasonally adjusted by the source agency.
The diffusion index includes estimates for six types of stores not shown separately.
2
ItCII
APRIL 1971
97
INTERNATIONAL COMPARISONS
Qj CONSUMER PRICES
Year
and
133. Canada,
781. United
index of consumer
States, index of
consumer prices© prices ®
132. United King- 135. West Germany, 136. France,
index of consumer index of consumer
dom ( index of
consumer prices® prices®
prices®
138. Japan, index
of consumer
prices ®
137, Italy, index
of consumer
prices ®
month
(1967-100)
(1967-100)
(1967-100)
(1967-100)
(1967=100)
(1967-100)
(1967-100)
1969
January
February
March
107
107
108
106
106
107
108
109
109
104
104
105
108
109
109
108
108
109
102
102
103
April
May
June
109
109
110
108
108
109
110
110
111
105
105
105
110
110
111
110
110
110
103
103
104
July
August
September
110
111
111
110
110
110
110
110
111
105
105
105
111
111
112
113
113
114
104
105
105
October
November ...
December
1970
January
February ...
March
112
112
113
110
110
111
112
112
113
105
106
107
113
113
113
114
114
114
105
106
106
113
114
114
111
112
112
114
114
115
107
108
108
114
115
115
116
117
118
107
107
108
April
May
June...
115
116
116
112
112
113
117
117
117
108
109
109
116
117
117
119
118
117
108
109
109
July
August
September .
117
117
118
113
113
113
118
118
119
109
109
109
118
118
118
118
118
122
109
109
110
October....
November
December
1971
January
February
March
118
118
119
113
113
113
120
121
121
109
110
110
119
119
120
124
123
124
111
111
112
119
119
120
113
113
114
123
(NA)
(NA)
no
120
(NA)
125
125
125
(M)
i
April
May
June
July
August
September
October
November .
December
NOTE; Series are seasonally adjusted except those series that appear to contain no seasonal movement. Unadjusted series are indicated by ® . Series numbers are for
identification only and do not reflect seri0s relationships or order. Complete titles and sources are shown at the back of the book. The V indicates revised; "p", preliminary;
V, estimated; "a", anticipated; and "NA", not available.
Graphs of these seiries are shown on page 62.
98
APRIL 1971
INTERNATIONAL COMPARISONS
Q INDUSTRIAL PRODUCTION
Year
and
month
47. United
States, index of
industrial pro*
duction
123. Canada,
index of industrial production
122. United
Kingdom, index
of industrial
production
126. France,
index of industrial production
125. West Germany, index of
industrial production
(1957-59-100)
(1957-59=100)
(1957-59=100)
(1957*59-100)
(1957-59=100)
128. Japan, in* 121. OECD,1
dex of industrial European counproduction
tries, index of
industrial production
127. Italy, index
of industrial production
(1957-59=100)
(1957-59=100)
(1957-59-100)
1969
169
170
171
185
188
191
141
142
144
183
181
180
187
189
191
403
410
405
180
181
182
236
232
239
April
May
June
172
172
174
188
186
187
143
143
144
186
188
183
190 '
195
198
428
430
435
184
185
186
241
236
242
July
August
September
175
174
174
187
183
183
145
143
143
188
188
187
190
197
193
446
443
458
187
187
185
243
238
227
October
November
December . .
173
171
171
186
189
190
243
146
U5
191
186
190
197
207
203
469
466
477
187
189
188
214
212
220
January
February
March
170
170
171
192
195
191
U3
145
148
196
rl96
r!96
205
207
208 j
476
487
493
192
195
196
248
250
250
April
May
June
170
169
169
191
189
190
148
142
145
r!98
195
r!94
207
211
204
504
502
523
196
195
193
248
245
243
July
August
September ,
169
169
166
189
189
188
rl44
144
r!4B
194
194
197
206
205
202!
525
519
525
195
194
195
248
236
250
October . . ..
November
December
162
162
164
188
r!91
r!90
r349
r!44
143
197
r!98
r!99
206
204
205
522
512
526
r!96
196
rl97
246
r25l
p249
1971
January
February
March
r!66
165
pO.65
P192
(NA)
P201
(NA)
217 i
p2l6
(NA)
521
(NA)
(NA)
P521
(NA)
January
February
March
..
1970
(M)
April
May
June
July
August
September
October . .
November
December .
NOTE: Series are seasonally adjusted except those series that appear to contain no seasonal movement. Unadjusted series are indicated by ® . Series numbers are for
identification only and do not reflect series relationships or order. Complete titles and sources are shown at the back of the book. The V indicates revised; u p", preliminary;
V, estimated; V, anticipated; and "NA", not available.
Graphs of these series are shown on page 63.
Organization for Economic Cooperation and Development.
BCD
APRIL 1971
99
INTERNATIONAL COMPARISONS
i
H STOCK PRICES
19. United States, 143. Canada, index 142. United King* 146. France, index 145. West Germany, 148. Japan, index 147. Italy, index
index of stock
of stock prices® dom ( index of
of stock prices ® index of stock
of stock prices ® of stock prices ©
prices, 500 common
stock prices ©
prices ®
stocks ®
Year
and
month
(1967-100)
1969
January
February
March
.
(1967=100)
111
110
los
(1967-100)
(1967=100)
(1967-100)
(1967-100)
(1967-100)
114
165
159
153
112
126
136
136
137
138
12Q
131
132
100
98
100
151
143
134
142
133
130
139
145
137
142
144
112
113 I
111
114
111
Apr! 1
May
June
110
114
108
120
112
July. .
August
September
103
102
103
107
106
109
128
127
142
128
130
133
133
148
150
141
139
147
108
112
113
104,
105
99
110
114
114
127
129
132
142
140
145
156
164
159
150
156
161
120
121
115
98
95
96
115
113
116
139
135
131
153
149
146
152
149
147
167
165
172
136
116
116
April
May
June
93
83
82
113
97
94
129
116
113
140
136
132
147
135
129
171
148
H9
120
112
106
July
August
September
82
85
90
93
73
76
115
118
120
136
138
135
127
133
128
150
151
148
103
107
103
92
92
98
78
78
80
128
120
126
121
119
145
145
140
101
96
121
137
134
135
102
106
108
84
83
84
123
122
120
136
139
rp!36
125
134
137
17,5
151
161
91
•P94
rp95
isQ.13
p87
13127
p!37
p!36
txL68
P91
in
,
October
November
December . . .
1970
January
February
March
... .
October . .
November
December
1971
January
February
March
April
May
June
14?
July
August
September
October
November
December
NOTE; Series are seasonally adjusted except those series that appear to contain no seasonal movement. Unadjusted series are indicated by © . Series numbers are for
identification only and do not reflect series relationships or order. Complete titles and sources are shown at the back of the book. The V indicates revised; u p", preliminary;
V, estimated; "a", anticipated; and "NA", not available.
Graphs of these series are shown on page 64.
100
APRIL 1971
ltd)
APPENDIXES
B. Current Adjustment Factors
19 71
19 70
Series
5. Average weekly initial claims,
State unemployment insurance
1
13. New business incorporations
Jan.
Feb.
July
Aug.
Sept.
Oct.
Nov.
Dec.
122.8
84.5
71.0
80,3
97.5
132.8
H9.8 114.4
103.3
91. 8
96.1
99.2
85.7
102.8
104 6
94 1
Apr.
93.1
92.6
79.4
81.7
110 9
107.1
98 9
106 4
• 15. Profits (after taxes) per dollair of
102.9
96.4
33. Net change in mortgage debt held
by financial institutions
and life
insurance companies1 ^
37. Purchased materials, percent of
companies reporting higher
inventories
39. Delinquency rate, 30 days4 anil over,
total installment loans
+52
103.5
99.9
+89
93.3
98.8
72. Commercial and industrial lows
outstanding
101.4
508. Index of export orders, nonelectrical machinery
98 1
616. Defense Department obligations,
total
621. Defense Department obligations,
procurement
+148
98, 4
58.7
625. Military contract awards in U.S. . . . 104.1
-8
D34. Profits, manufacturing ( FNCI3) 5 - - -
+91
86.7
-43
94.6
96.0
-332
91.2
99-9
100.3
100.3
101 2
Q/. 5
101 6
103 1
114.6
105 8
86 4
QO Q
87.3
151.2
112.3
83.8
93-5
118.2
111.2
+11
77.2
99.2
92 o
Q8 5
101.7
99.6
101.0
_T/2
110.2
106.4
112.9
99.3
99.8
-A04
May
in? /
97 4
+231
June
Mar.
-6
-QO
4-^71
104.9
105.8
107 9
93.1
91.3
99.8
100.1
1AC 1
108 2
Qrt 7
Q7 7
inn K
Q7 8
8*3 7
8Q 3
Q^ *i
QO 6
1/q 7
95.0
86.9
77.0
84.7
84.5
83 0
194 0
98.2
88.3
-14
84.2
173.2
99 2
86.7
84-5
79.5
+12
100.1 100.7
NOTE: These series are not published by the source agency in seasonally adjusted form. Seasonal adjustments were made by the Bureau of the Census or the National
Bureau of Economic Research, Inc. They are kept current by the Bureau of the Census. Seasonally adjusted data prepared by the source agency will be substituted whenever they are published. For a description of the method used to compute these factors, see Bureau of the Census Technical Paper No. 15, The X-ll Variant of the Census
Method II Seasonal Adjustment Program.
•"•Factors are products of seasonal and trading-day factors. Seasonally adjusted data resulting from the application of these
combined factors may differ slightly from those obtained by separate applications of seasonal and trading-day factors due to
rounding.
2
Quarterly series; figures are placed in middle month of quarter,
3
These quantities, .in millions of dollars, are to be subtracted from the month-to-month net change in the unadjusted monthly
totals to yield the seasonally adjusted net change. They were computed by the additive version of the X-ll variant of the Census
Method
II seasonal adjustment program.
4
Bimonthly series. Factors are for even-numbered months (February, April, June, etc,).
5
l-quarter diffusion index: Figures are placed in the 1st month of the quarter. The unadjusted diffusion index is computed
and the factors, computed by the additive version of the X-ll variant of the Census Method II seasonal adjustment program, are
subtracted to yield the seasonally adjusted index.
101
C. Historical Data for Selected Series
This appendix contains historical data (back to 1945 if available) for selected BCD series.
Data are published here for (a) series which have been added to the report, (b) series which
have been revised, end (c) series which have not been shown here for a long time. See the
"Index-Series Finding Guide" for the latest issue in which historical data were published
for each series. Data are seasonally adjusted unless the symbol © (indicating unadjusted
data) follows the series title. Official source agency annual figures are shown if available.
Such figures are often based on data with more digits or on data which have not been seasonally adjusted; therefore, they may differ slightly from annual figures based on the monthly
or quarterly data shown here. Current figures are shown in the basic data tables of the report
and may be used to update the tables below.
Quarterly
Monthly
Year
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
IQ
Dec.
13. NUMBER OF NEW BUSINESS INCORPORATIONS*
(NUMBER)
1916...
1947...
1940,..
1949*. »
1950..*
1951...
1952...
1953...
1954...
929
178
£44
<§>96
11 109
9 S91
8 748
6 697
8 ©27
7 155
7 033
7 956
8 445
8 143
6 937
7 067
8 361
S 962
10
10
9
6
11
9
8
6
533
667
198
699
8 053
7 082
7 455
8 624
9 223
653
161
620
061
10 949
8 999
8 246
6 958
11 877
8 932
8 066
6 349
4 393
11 987
9 041
7 928
6 983
8 OS3
7 021
7 742
8 885
9 600
3 378
6 858
7 760
8 968
9 280
8 359
6 743
7 819
8 421
9 196
7 816
6 766
7 549
8 703
9 700
11
9
8
7
IIIQ
II Q
Annual
IV Q
TOTAL FOR PERIOD
f
4 768
10 612
B 950
7 728
7 187
5 692
10 270
9 205
7 452
7 384
6 979
10 799
9 609
7 267
7 475
7 999
9 666
9 486
7 288
7 676
8 807
10 198
9 553
7 001
7 703
33
29
26
20
571
436
190
392
34
27
24
20
479
082
932
868
14
•»2
27
*3
21
853
869
196
108
554
23
30
28
21
22
70S
863
648
5S6
654
131
112
95
8*>
782
362
786
668
7 580
& 338
7 876
8 319
10 392
7 563
7 083
8 096
7 992
9 953
7 292
6 812
8 223
8 436
10 709
7 109
7 147
8 122
8 452
11 062
7 213
7 354
7 806
8 410
11 303
24
21
21
24
26
223
174
545
941
650
24
20
23
26
23
790
622
321
274
076
*2
i!0
£3
25
JO
959
687
521
014
045
El 614
U 313
24 151
25 298
23 074
93
83
92
101
117
686
796
S3S
527
84S
1955.. .
1956.**
1957***
1958...
1959...
11
11
11
11
16
665
©26
£50
042
346
11
12
11
11
16
967
379
359
049
2SS
11
11
11
11
16
769
872
367
042
548
11
11
11
10
16
414
445
507
636
6Q4
11
11
11
11
16
242
947
109
752
296
11
11
11
12
15
892
834
739
032
204
11
12
11
12
15
840
119
686
S04
658
U
11
H
13
IS
561
936
593
644
813
11
11
11
13
15
354
408
318
933
728
U
11
11
13
15
623
546
251
669
383
11
11
10
14
15
542
078
788
599
695
11
11
10
15
15
313
477
791
577
959
35
36
33
33
49
401
077
976
133
149
34
35
34
34
48
548
226
355
420
104
35 255
35 463
•>4 597
40 0(31
47 W9
24
24
32
43
47
483
101
830
845
037
139
140
13S
1S1
191
687
667
758
479
489
196Q..*
1961...
1962...
1964***
16
13
15
14
IS
§61
607
599
924
993
IS
14
15
IS
16
274
570
7S8
390
326
15
14
15
15
15
233
658
670
563
917
15
15
15
15
16
280
327
372
305
132
15
IS
15
IS
16
176
298
245
682
473
15
15
14
15
16
630
431
947
536
282
15
15
15
15
16
828
492
171
431
5SO
1$
IS
15
16
IS
114
277
036
093
692
15
15
15
15
16
112
402
249
689
948
IS
16
14
16
16
035
035
892
275
728
14
16
14
15
16
264
149
951
759
304
14
15
14
15
17
097
881
985
867
021
47
42
47
45
48
068
835
027
877
236
46
46
45
46
48
086
056
564
523
887
46
46
45
47
49
054
171
476
213
190
43
46
44
47
50
396
065
828
901
5S3
183
183
182
187
196
604
127
895
514
B66
1965..,
1966* *.
1967.*.
1968...
1969...
16
18
16
18
21
784
087
703
061
364
16
17
IS
1@
22
8S4
451
987
041
105
17
17
16
18
22
131
266
244
538
0®3
16
17
16
18
23
664
057
760
663
262
16
16
17
18
23
580
644
627
723
118
17
16
17
18
23
017
577
799
839
439
16
16
16
19
23
844
074
300
407
366
16
16
1?
19
22
901
343
674
947
871
17
15
17
20
22
136
764
818
532
594
16
16
17
21
24
994
233
654
093
263
17
16
17
20
23
606
206
958
890
125
17
16
18
20
22
625
583
238
619
404
50
52
48
54
65
769
804
934
640
552
50
50
52
56
69
261
278
186
225
819
SO
48
SI
S9
68
881
181
792
936
831
52
49
53
62
69
22S
022
850
602
792
204
200
206
233
273
136
285
762
403
994
1963. *.
1970*..
1971...
23. INDEX OF INDUSTRIAL MATERIALS PRICES*
(1967=100)
116.7
132*5
124*2
110.3
119*2
101*3
119.6
120.7
91,2
110.7
119*9
39,9
103,6
121,3
87,0
94.1
173.0
130.3
102*2
91,6
93,2
174.3
U30
101.5
91.0
92.9
169.4
116*4
102*6
92.3
94.0
167.1
115.0
97,8
95,7
98.2
164*7
113,3
97.1
96.7
101*8
1955***
1956...
1957...
1956*.*
1959...
101*7
112.2
103.3
110*4
105,6
93*0
99.1
103.0
111.2
104.3
89.8
101.7
101.7
107.3
103.4
90,2
102.4
103*0
92,8
99.2
101*4
110*7
105.3
92,2
100,7
I960***
1961.**
1962.*.
1963...
1964...
105. 3
96*9
102.5
95,1
98.1
103.9
98.9
100.2
94,7
98.1
102*0
102.7
100.0
94.0
93.5
103.4
103.7
97.9
94.1
102.0
103.7
104.0
97.4
94.6
102*3
100*6
95*0
100*5
101.0
196S,. »
1966.**
1967* •*
1968.**
1969.*.
no. 2
120*0
106*4
99*4
110*3
122.4
104.8
99,1
105.9
116.2
121,0
99.7
97,9
108,9
116.4
117.8
99.2
95.7
110.0
114*8
117.9
99,4
1947*.*
194S.*.
1949.**
112*4
129*1
116.6
1950...
1951...
1952., ,
1953...
1954.**
109*0
103.0
112,7
123,0
102*1
99*7
106,5
156*8
110.4
96.6
97.4
104.4
104,0
91*7
102*8
93.5
95*2
111.2
®
AVERAGE FOR PERIOD
101.3
128.0
121*3
93.8
148.1
135.5
105.7
156.8
133,5
105,7
92.8
99.5
106.8
109,0
96.5
98.9
105.4
110,3
111*9
94.5
101*4
113.5
112*0
93*9
99*9
104*4
99.3
101.9
94.5
95.9
111.6
98*1
98*5
96.0
96.9
112.7
112*1
114.5
105.9
97.3
97.1
115.1
115.0
105,5
98,7
99,9
115,1
116.6
105.4
99.7
100.3
116.7
80.0
111.2
121.9
93.5
80,3
115*8
112,3
139,0
103.9
142.7
132.6
93,3
97,3
90*4
96.3
127.7
134.1
108.4
95.4
95.9
106.8
104.9
103.4
94.3
102.8
108.2
107.8
102,7
96.0
103.3
109,6
101*2
101*3
93.8
93.3
102,1
101*7
1Q2.5
94.1
93.8
105.3
114.1
118.3
97.9
94,0
112*0
111,7
111.3
97,7
114.3
108,5
97,4
94*4
H4. 5
116.9
95*9
120*2
95.0
108*8
109*8
99,6
95*9
104,7
100,6
102*5
93,6
93,7
107.8
95*7
110,9
81.1
122,8
118,0
91.1
84.0
109.7
121.1
88.6
99.0
105*5
81.4
112*2
121*1
mU
113*0
124.2
109.6
120*6
89*4
164.0
133.3
104.8
93*4
172*2
124*0
127.7
92*7
102,1
91.6
98.0
162*9
112*9
97.2
96.6
102*1
111*1
102*6
106*6
92*7
103*9
108,2
107,5
101*9
90,6
102,3
95»4
103*6
103,1
101*2
102*1
126*6
119*4
92.8
99.3
96.4
100*6
95*4
97*3
99.7
103*7
99.5
100*9
94*6
98*2
107,6
92*4
135*2
108*7
94*9
96*5
97,8
126. S
119*6
92.6
117.2
121*4
157,0
134*1
105.4
119*0
151*1
112*8
92*0
99.3
96*5
96*0
110, V
111*0
95*0
100*1
105,1
105.9
109.3
101*8
97*9
101*5
101.2
96,7
94.8
104.2
94,1
101*2
93,8
105.1
100.3
95,3
96.7
112*1
114,4
112,7
97,7
94,7
114,5
115,4
105,6
98,6
99.1
115,6
102*8
96*8
111*1
121*3
115*8
118.9
104*4
99*4
99,4
105*1
96,3
110*0
93*6
96*0
94*7
102.7
114*2
114*8
100*0
97*4
111,3
1970..*
1971...
29. INDEX OF NEW PRIVATE HOUSING UNITS AUTHORIZED BY LOCAL BUILDING PERMITS *
(1967=100)
1946.*.
1947** *
87.6
81.1
110,7
81.4
92. S
86.9
101*6
82.9
116*1
84.9
105,3
1950...
1951.. .
1952* .*
1953.*.
1954* .*
159.3
148.1
106.2
103.2
161.2
116*3
116.7
112.1
101*7
161*1
10S.6
106.8
113.Q
1955, *.
133.1
111.2
87.6
92,6
116*1
152.9
108.1
91.9
79.7
121.1
130.9
111*2
102*0
1948. *»
1949*.*
1956.**
1957* **
1958. ..
1959.*.
1960. **
1961.**
100*8
104.0
93,0
63.4
81.5
108.0
105,4
60.6
92.7
104*4
107*7
78.5
97.8
103,4
111*6
78,6
109.5
96.0
113,7
79.3
112,6
85,8
137.8
75.2
119.7
90.5
137.3
78, O
119.Q
73.8
118*8
87.2
143.6
146.4
163.9
98.1
104,8
107,6
108.2
163.3
100.5
102. S
107,7
110.2
162*7
185,1
160.1
96.0
109.0
99.6
135*4
125*1
123,7
116*9
120*4
123.4
127.7
94.4
118.2
100.8
127.8
92*6
88*3
126*6
134.5
110.9
87.6
93,1
120,9
135.2
103.2
91.6
97.3
118.8
127.8
101.3
93.6
116*9
126,2
100,6
87.2
113*2
113*9
123.7
98.2
93.3
113,1
115.1
122,0
95.8
93.5
116.0
110*9
119.3
94.4
92.2
119.5
106.7
89,3
94,3
109,1
117.1
126.7
97,6
94,9
115.3
116.2
118.4
99,1
96.8
107,7
122,2
117,6
91.5
102.5
111*2
95*0
91.2
105.9
110.4
116.0
118.1
91*8
102.7
112.6
93.4
108.2
113.8
129.8
113.6
119*4
125.9
115*4
110,7
109,6
90.3
112.1
123.9
114.3
101.5
94.0
113.8
116,7
114.4
66.0
111,2
124.6
106.2
117*6
66*1
108.4
127,1
106.1
87*9
107.J,
1963***
1964* .,
114.4
121.7
1965***
1966.*.
1967***
1968***
1969* .*
117.0
116.6
68,4
112.7
110.9
81*1
114,$
116.8
104*4
129*2
120*2
113.9
124*1
106*8
127.3
,* *
63.7
78.4
117.9
97.8
91.6
114.0
112*9
129.8
1963, »*
AVERAGE FOR PERIOD
82*9
98.0
94*0
102*8
109.2
101.2
121*4
104.7
118.2
103*9
125*3
120*0
120*2
114*5
88,3
113.4
35.5
102*0
103*2
113*7
113*1
118*3
113*1
116.2
112.9
78,4
107,1
119.1
116.0
95*8
104*0
114*5
126,1
114*3
108*5
68.0
110*6
127,1
109f 2
75,7
119,2
95*1
121.0
143*1
U3.0
137.8
93,9
115.5
101*9
.155,4
105*2
82*6
84.3
105*9
84*1
84,2
110*1
103*6
160*5
123*4
163*3
160*2
98.9
103*4
103.7
133.7
108*1
110*4
104.0
104,6
111*7
98,9
121,7
140*6
132*5
110*2
90.8
135*3
108,3
94.0
90.4
117.3
102,0
109*5
121.3
105*1
91.0
98*1
116.9
94,4
90.4
112.4
118*6
131*1
92*0
118.6
101.3
137,6
106,9
94.8
89.6
105*8
83*8
160*5
95*3
109*6
109*8
118.8
69*9
116*3
123.8
103.2
86*9
98*4
93*1
110*0
114*8
126*1
114.7
114*8
34*1
114*5
126*9
106.7
112.2
83*9
96*6
99.6
76*8
106*6
98*7
124,6
98.2
91*3
114. 1
113.3
92,7
104.2
112.6
87*2
133*0
112*2
127.5
94*4
402*0
90.7
124,2
106.1
91*0
105.8
H4,9
92.7
95*0
108*8
101.0
112,9
121.4
96.1
93.1
111*6
121.2
118.7
116,2
117*3
128.9
112.9
113.2
99.8
95.4
113.2
119.6
111.6
77.3
107,0
121.5
112,8
116. V
67.3
112.0
125.2
105.2
120*6
109,7
104,5
117.7
U3*5
H4.1
69.6
99,6
U8,6
U6.1
1970,*.
1971...
'Since loot Gitmrn hare, thlo oorlos hao boon .wised beginning with 19g7.
'gineo loot nhovrn horo, these ooriog have boo:}n revised beginning with 1946.
102
( A P R I L 1971)
C. Historical Data for Selected Series-Continued
This oppendix contains historical data (buck to 1945 if available) for selected BCD series.
Data are published here for (a) series which have been added to the report, (b) series which
have been revised, and (c) series which have not been shown here for a long time. See the
"Index-Series Finding Guide" for the latest issue in which historical data were published
for each series. Data are seasonally adjusted unless the symbol (§) (indicating unadjusted
data) follows the series title. Official source agency annual figures are shown if available.
Such figures are often based on data with more digits or on data which have not been seasonally adjusted; therefore, they may differ slightly from annual figures based on the monthly
or quarterly data shown here. Current figures are shown in the basic data tables of the report
and may be used to update the tables below.
Month!/
Quarterly
Year
Feb.
Jan.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Q
II Q
39. PERCENT OF' CONSUMER INSTALLMENT LOANS DELINQUENT 30 DAYS AND OVER*
(PERCENT)
IIIQ
Annual
IV Q
END OF PERIOD
...
1948...
1949...
2.31
2.22
2.11
2.8l
2.49
2.85
2*34
2*70
2.21
2.80
2.29
2.91
2.17
2.91
2.22
2.55
2.20
2.69
2.23
2.70
2.40
2.37
2.69
2.40
2.02
2.67
2.' 49
2.85
2." 29
2.91
2 .'20
2.69
2.40
2.02
2.67
2.40
2.02
2.67
1950...
1951...
1952...
1953. ••
1954...
2.70
2.20
2.03
1.87
2,05
2.73
2.08
1.91
1.83
2.07
2.38
2.10
2.05
1,90
1.98
2*45
2.31
1*98
1*75
1*99
2.43
2.09
2.08
.88
.94
2.22
2.06
2*25
1,82
1*91
2.17
2.17
2.19
1.83
1.86
2.26
2.11
2.14
2.01
1.83
2.30
2.09
1.99
1.97
1.81
2.23
2.05
1.99
.97
.84
1.97
2.23
1.85
2.02
1.79
2.09
2.15
1.92
1.98
1.65
2.38
2.10
2.05
.90
.98
2.22
2.06
2.25
1*82
1.91
2.30
2.09
1.99
1.97
1.81
2.09
2.15
1.92
1.98
1.65
2.09
2.15
1*92
1.98
1.65
1955...
1956.*.
1957...
1958...
1959...
1.61
1.52
.50
.57
.56
1.62
1.46
1.50
1*63
1.55
1.53
1.53
1.57
1.76
1.52
1*55
1*54
1*47
1*70
1.50
.55
.49
.46
.74
.49
1,50
1.51
1,52
1.75
1.43
.49
.51
.50
.71
.36
1.44
1.53
1.48
1.75
1.52
1.47
1.54
1.54
1.63
1.56
.47
.48
• 51
.60
1.67
1.44
1.49
1.55
1.60
1.75
1.50
1.52
1.57
1.55
i.65
.53
.53
.57
.76
.52
1.50
1.51
1.52
1.75
1.43
1.47
1.54
1.54
1.63
1,56
1,50
1.52
1.57
1.55
1.65
1.50
1.52
1.57
1.55
1.65
I960...
1961...
1962...
1963.*.
1964...
.71
.81
.69
.59
.69
1,60
1*84
1*69
1.60
1*68
1,60
l*8l
1.69
1.64
1.66
1.64
1.85
1.67
1*59
1.59
.64
.83
1*64
1.57
1.68
1.68
1*79
1.65
1.68
1.63
1.73
1,83
1.61
1.66
1.63
1.70
1*80
1*61
.67
,71
1.71
1.76
1.63
1.73
1.65
1.79
1.70
1.61
1.65
1.71
1.78
1.67
1.63
1.79
1.76
1.68
1.64
1.76
1.70
1.60
1.81
1.69
1.64
1.66
1.68
1.79
1.65
1.68
1.63
1.71
1.76
1,63
1.73
1.65
1.76
1.68
1.64
1.76
1.70
1.76
1.68
1.64
1.76
1.70
i.6S
1.75
1.71
1.62
1.76
1.65
1.75
1.71
1.62
1.76
1.77
1.73
1.82
1.54
1.55
1965. •*
1966***
1967...
1968. *•
1969...
1.74
1.76
1.72
1.57
1.65
1.71
1.78
1*90
1.56
1*61
1.74
1.76
1.72
1.57
1.65
1.65
1.75
1.71
1.62
1.76
1.83
1.79
1.68
1*50
1.72
.83
.76
.65
.56
.70
1970. •*
1971...
40. UNEMPLOYMENT RATEt MARRIED MALES* SPOUSE PRESENT'
(PERCENT)
AVERAGE FOR PERIOD
...
...
1955...
1956...
1957...
1958...
1959...
I960...
1961...
1962.**
1963...
1964..*
1965...
1966. **
1967...
1968...
1969...
3.6
3.3
3.3
2.5
2*6
4.0
4.1
3.2
2.5
2.4
4.7
4.0
3.2
2.5
2*3
5.2
3.7
3.3
2.5
2.6
5,5
3.2
2.7
2*6
2.6
5.6
3.2
2*6
2*6
2*6
5.8
3.1
2.4
2.8
2.6
5.7
3.3
2*5
2*4
2.5
2.7
2.6
2.5
2*4
2*8
2.3
2.8
3*2
2*5
2*9
2.6
2.5
2.6
2,4
2,7
5.6
3.4
5.1
3.7
4.9
3.9
4.5
4.2
4.5
3.3
4.6
3.9
5.6
3.2
5.5
3.5
4*6
3,8
4.7
3.7
4.8
3.3
4*8
3.6
4.9
3.7
5.1
3.5
4.8
4.7
4.6
4.2
4.4
4.1
4.7
3.9
3.3
4*8
3.5
4.9
3.8
4.7
4,5
4,1
3.1
3.0
3.0
2,9
2.6
4*8
3*7
3.2
2.8
3*2
2.7
3.0
2.5
3.0
2.8
3.0
2.9
3.3
2.4
3.4
2.7
3.7
3.0
3.3
2.8
3.1
2.7
3.2
2.7
3.8
4.6
3*6
3.3
2*8
2.7
2.0
1.8
1.7
1.4
2.6
'1.9
1.7
1.7
1.4
2*5
1.9
1*8
1,7
1*4
2.5
2.5
1,7
1.9
1.6
1.5
2*3
1*9
1*9
1.7
1.5
2.3
2*0
1.8
1.6
1*6
2.4
1.9
1.9
1.6
1.5
2*2
1.8
1.7
1.6
1.7
2.0
1.8
1.8
1.6
1.6
2*0
1*8
1.7
1*6
1*5
1.9
1-8
1.8
1.4
1.7
2.6
1.9
1.8
1*7
1*4
2.4
1.8
1.9
1.6
1.5
2.3
1*9
1.8
1.6
1.6
2.U
1.8
1.6
1.5
1.6
2*3
1.9
1.8
1.6
1.5
i.e
1.9
1.6
1.5
2.8
2.6
2*8
5*1
3.6
1970...
1971...
42. TOTAL NUMBER OF PERSONS ENGAGED IN NONAGRICULTURAL ACTIVITIES! LABOR FORCE SURVEY3
(THOUSANDS)
AVERAGE FOR PERIOD
...
1948..*
1949...
49 984
50 385
1950.**
1951...
1952...
1953. **
1954...
50
52
53
54
53
570
808
312
958
951
50
52
53
55
54
694
923
442
421
073
50
53
53
55
53
1955...
1956...
1957..*
1958...
1959...
54
57
57
57
58
640
163
842
389
387
54
57
58
57
58
873
061
132
244
255
I960...
1961...
1962...
1963...
1964...
59
60
61
62
63
889
354
014
190
724
60
60
61
62
64
1965.**
1966...
1967*.*
1968...
1969...
65
68
69
70
73
728
121
965
951
271
65
68
70
71
73
50 500
50 186
50 756
50 466
50 274
50 202
50 866
49 564
^0 969
49 750
50 770
50 478
50 720
49 998
50 713
49 485
612
543
44Q
590
79l
fil
f!3
33
fi5
fi4
319
167
384
082
043
51
53
53
55
53
372
436
861
082
698
51
53
53
55
53
767
091
690
095
630
51
53
53
55
53
875
555
637
130
421
5*
53
53
54
53
549
204
616
832
766
52
53
53
54
53
583
155
984
708
829
52
53
53
54
54
432
374
769
797
028
52
53
54
54
54
534
137
239
393
423
52
53
54
54
54
669
432
593
048
268
50
53
53
55
53
625
091
398
323
938
51
53
53
55
53
486
231
645
086
790
S2
S3
^3
54
=>3
336
305
746
890
672
52
53
54
54
54
54S
314
200
413
240
51
53
53
54
53
748
235
747
928
910
54
57
58
57
58
722
190
441
170
59Q
S5 152
*8 211
"17 029
S18 875
55
57
57
57
58
307
486
986
227
909
55
57
58
57
59
538
485
194
220
137
56
57
58
57
59
075
480
139
220
447
56
5?
50
57
5V
222
692
061
339
402
56
57
58
57
59
131
704
393
728
323
56
57
58
57
59
263
838
171
912
556
56
57
57
57
59
602
799
983
899
050
57
58
57
58
59
031
104
885
028
883
54
57
58
57
58
745
138
138
268
411
55
57
58
57
58
332
375
130
159
974
56
57
56
t>7
39
143
625
198
429
391
56
57
58
57
59
632
914
013
946
496
55
57
58
57
59
713
513
120
450
068
177
116
249
374
150
59
60
61
62
64
714
444
336
655
397
60
60
61
62
<>4
488
337
363
972
942
60
60
61
62
65
7QO
350
726
886
049
60
60
61
63
64
750
773
727
007
660
60
60
61
63
64
367
455
643
211
810
6U
60
62
63
64
375
486
102
306
890
60
60
62
63
64
512
518
325
522
957
60
60
62
63
65
196
716
298
592
027
60
60
62
63
65
596
991
014
573
237
60
60
62
63
65
156
908
300
584
490
59
60
61
62
64
927
305
200
406
090
60
60
61
62
64
646
487
605
955
884
60
00
02
63
64
418
486
023
346
886
60
60
62
63
65
316
872
204
583
251
60
60
61
63
64
327
537
756
073
778
809
061
047
457
682
66
68
69
71
73
123
119
848
621
87Q
66
68
70
71
73
211
404
153
699
895
66
68
69
72
73
313
599
973
182
675
66
66
70
72
74
581
805
497
280
110
67
68
70
72
74
070
942
656
232
365
67
69
7U
7*
74
005
222
737
250
582
67
69
70
72
74
013
301
957
391
696
67
69
71
72
75
277
492
047
500
000
67
69
71
72
75
634
915
136
702
088
67
69
71
72
75
896
816
279
920
298
65
68
69
71
73
887
100
953
343
608
66
68
70
72
73
368
603
208
054
893
67
69
70
72
74
029
155
783
291
548
67
69
71
72
75
602
741
154
707
129
66
68
70
72
74
722
900
525
099
294
;;? 154
51 152
49 370
5U 894
49 793
SO 734
'«9 836
50 338
50 035
51 366
49 169
50 648
50 287
50 761
50 455
50 793
50 512
1970* **
1971...
» last shown here, this series has been i
sed beginning with 1968.
Lsed beginning with 1965.
(APRIL 1971)
103
C. Historical Data for Selected Series-Continued
This appendix contains historical data (back to 1945 if available) for selected BCD series.
Data are published here for (a) series which have been added to the report, (b) series which
have been revised, and (c) series which have not been shown here for a long time. See the
"Index—Series Finding Guide" for the l<itest issue in which historical data were published
for each series. Data are seasonally adjusted unless the symbol (3) (indicating unadjusted
data) follows the series title. Official source agency annual figures are shown if avoilable*
Such figures are often based on data with more digits or on data which have not beon seasonally adjusted; therefore, they may differ slightly from annual figures based on the monthly
or quarterly data shown here. Current figures are shown in the baste data tables of the report
and may be used to update the tables below.
Quarterly
Monthly
Year
Annual
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
IQ
43. UNEMPLOYMENT RATEf TOTAL1
(PERCENT)
4.3
4.7
1950.
1951.
19S2.
1953.
1954.
6.5
3.7
3.2
2.9
4.9
6.4
3.4
3.1
2.6
5.2
4.0
3.9
4.2
4.0
4.3
4.3
4.3
4.1
4.1
3.9
4*4
S.6
6.0
4,4
4.2
6.4
5.9
5*6
5.2
5.1
5.0
5.1
5.2
I960.
1961.
1962.
1963.
1964.
5*2
4.8
5.4
5.2
5.1
5.4
5.5
5.6
5*8
5.7
5.6
5. 5
5.9
5.4
5*6
5.7
5.4
5.6
5,7
5,3
5.5
5.9
5.1
5.5
5.6
5.2
5.4
5.6
4.9
1965.
1966.
1967.
1968.
1969.
4*9
4.0
3*8
5.1
3.8
3*8
4.7
3*8
4.3
3*8
4*6
3.9
4.6
3*8
4,4
3.8
1956.
19S7.
1958.
1959.
3*4
2.9
2*6
S.7
5.3
3.1
2.9
2.7
5.9
6.1
3.0
3.0
2.5
5.9
6.2
3.2
3.0
2.5
5*6
MIQ
IV Q
AVERAGE FOR PERIOD
1946*
1949.
5*0
II Q
6.8
6.6
4.7
7.9
3.1
2.7
3,1
3.2
3.1
3.4
3.3
3.1
3.5
3.0
3.5
2.8
5.8
6,0
6*1
5.7
5.3
5.0
5.5
3.9
4.5
6.7
5.7
4,3
5.1
6.2
5.8
4.2
4.2
5.2
6.2
5.3
5.5
6,1
6.1
6*6
5.7
5,4
5.0
5.6
5.5
5.1
5*4
5*5
5*1
5.7
5.7
4*9
5.5
5*5
5.0
4.4
3.8
4.3
3.7
4*2
3.7
4.1
3.6
4.0
3*8
6.0
5*2
3.3
3.0
2.9
5.6
3.5
3.1
2.7
5.3
3.1
3.0
2.6
5.8
3.2
3.JI
2.7
6.0
4.2
3*4
2.«
3.7
3.3
.0
.9
4.2
4.1
4.1
4*2
4*1
4*9
4*4
4.1
4.3
.8
5.1
5.3
5*6
5.4
5,1
6.8
5.6
5.8
5*5
5.2
7.0
5*5
5.7
5*2
5.5
6.6
5*6
5*5
5*0
6*3
6.2
5*6
5.0
5.5
6.7
5.6
5.6
5.2
4.9
3.9
3.8
4*7
3.8
3.8
4.4
3*6
3*8
4. 1
3.7
3.9
4*5
3.8
3.6
s.b
1970.
1971.
44. UNEMPLOYMENT RATE. 15 WEEKS AND OVER 3
(PERCENT)
AVERAGE FOR PERIOD
1948. .
1949. .
0.5
0.5
0.5
0.6
0*5
0.7
0.5
0.8
0.5
1.0
0.5
1.2
0.5
1.4
0.5
1.5
0.5
1.6
0.5
1.6
0.5
1.7
0.5
1*6
0.5
0.6
0.5
1*0
0.5
1.5
0.5
1.6
0*5
1.2
1950*
1951.
1952*
1953.
1954.
*
.
.
.
.
1.5
0.7
0,5
0.4
0.6
1.5
0.6
o.M
0.3
0.6
1.5
0,6
0*4
0.3
1*2
1.5
0.5
0.4
0.3
1.2
1*4
0.4
0.4
0.3
1.4
1*4
0*4
0*3
0.3
1*4
1.2
0.4
0.3
0.3
1*5
1.0
0*4
0.3
0.3
1.6
1.0
0.4
0.4
0.3
1.6
0.9
0.4
0*4
0*3
1.6
0.8
0*5
0.3
0.4
1.5
0.8
0*4
0.4
0.5
1*3
1.5
0.6
0.4
0.3
0.9
1.4
0.4
0.4
0.3
1.3
1.1
0.4
0.3
0.3
1*6
0*8
0.4
0.4
0.4
1*5
1.2
0.5
0.4
0,3
1*3
1955.
1956.
19S7.
1958.
1959.
.
.
.
.
,
1.4
O.S
0.6
1,3
2.1
1.3
O.S
0.6
1.5
1.9
1*3
0.8
0.8
1.7
1*8
1*3
0.7
0.8
2.1
1.5
1.1
0.8
0.8
2.2
1*4
1*0
0*8
0*8
2.5
1*4
1*0
0*8
0*8
2.6
1.3
0.8
0.8
0.8
2.6
1.3
0.9
0.9
0.8
2.6
1.3
0.9
0*8
1*0
2*5
1.3
0*9
0.9
1.0
2.3
1.4
0.9
0.9
1*1
2*2
1.3
1.3
O.B
0.8
l.S
1.9
1*1
0.8
0.3
0*9
0.0
0.6
0.9
1.0
1.1
0.8
0.9
1*4
1*3
1.3
1.5
1960.
1961.
1962.
1963.
1964.
.
*
.
.
.
1.3
1.9
1.6
1.6
1.5
1.2
2,0
1.6
1.6
1.4
1*4
2.1
1.7
1*5
1.4
1.3
2.3
1.6
1.5
1.3
1.1
2.4
1.6
1*6
1,3
1*2
2.3
1.5
1*5
1,4
1.3
2.6
1.5
1.5
1.4
1.3
2.3
1.5
1.6
1.3
1.4
2*2
1.5
1.5
1*2
1.7
2.1
1*4
1.5
1.2
1.7
2.0
1.5
1.5
1.3
1.6
1*9
1.5
1,4
1*2
1.3
2*0
1.2
2.3
1.6
1.5
1.3
1.3
2.4
1.5
1.5
1.3
1,7
2*0
1*5
1*5
1*2
1*4
2.2
1,6
1.5
1.3
1965.
1966*
1967.
1968.
1969.
.
*
.
.
.
1*1
0.8
0*6
0.6
0*4
1*2
0.8
0.6
0.6
0.4
1*1
0.3
0.6
0.6
0*4
1.1
0,8
0.6
0.5
0.5
1.0
0.7
0.6
0.5
0.5
1,1
0*6
0*6
0*5
0*5
0.9
0.6
0*5
0*6
0.5
1.0
0.6
0.6
0.5
0.5
1.0
0.6
0.6
0,5
0,5
0.9
0.6
0,6
0,5
0.5
0*9
0.6
0.6
0.5
0.5
0.9
0.6
0.6
0.4
0.5
1.
0.
1.1
0.7
0*6
0.5
0.5
1.0
0*6
0*6
0.5
0.!>
0*9
0.6
0.6
0.5
0.5
1.0
0.7
0*6
0.5
0,5
1970. .
1971. .
'Slneo laot shown horo, this series h£is been revis od beginning with
104
1967.
1.
1*
o.
0*
0.4
o.v
C. Historical Data for Selected Series-Continued
This appendix contains historical data (back to 1945 if available) for selected BCD series.
Data are published here for (a) series which have been added to the report, (b) series which
have been revised, and (c) series which nave not been shown here for a long time. See the
"Index—Series Finding Guide" for the latest issue in which historical data were published
for each series. Data are seasonally adjusted unless the symbol © (indicating unadjusted
data) follows the series title. Official source agency annual figures are shown if available.
Such figures are often based on data with more digits or on data which have not been seasonally adjusted; therefore, they may differ slightly from annual figures based on the monthly
or quarterly data shown here. Current figures are shown in the basic data tables of the report
and may be used to update the tobies below.
Monthly
Year
Jan.
Feb.
Mar.
Apr.
May
June
Quarterly
July
Aug.
Sept.
Oct.
Nov.
Dec.
IQ
II Q
625. MILITARY PRIME CONTRACT AWARDS TO U.S. BUSINESS FIRMS AND INSTITUTIONS1
(MILLIONS OF DOLLARS)
ill Q
IV Q
Annual
TOTAL FOR PERIOD
...
1951...
1952...
1953...
1954...
2 528
3 682
616
5 479
2 295
564
3 001
2 959
2 361
826
2
2
2
1
892
088
462
068
3 760
3 059
2 038
1 326
2 759
4 292
2 042
1 116
4 097
1 158
2 035
886
1955***
1956...
1957...
1958...
1959...
1
1
1
2
1
1
1
1
1
1
1
1
1
2
1
028
502
563
243
966
1
1
2
2
2
468
404
312
142
204
841
1 782
808
3 043
1 893
1 287
2 024
1 093
2 228
2 222
1
1
1
2
I960...
1961...
1962...
1963...
1964...
1 850
1 989
3 271
2 429
2 372
1 754
2 186
2 180
2 611
2 958
1 904
1 987
2 552
2 463
1 966
1
2
2
2
2
726
274
295
023
502
2
1
2
2
2
252
855
140
4 13
640
1
2
2
2
1
963
229
127
366
910
1965...
1966...
1967...
1968,..
1969...
2
2
3
2
3
1 846
2 906
3 930
3 445
3 441
2 451
2 956
3 034
3 124
2 904
2
3
3
3
2
843
461
026
488
825
2
2
4
4
3
150
978
040
203
070
2 390
3 693
3 566
3 067
2 744
049
474
756
103
625
097
952
364
887
398
306
388
927
232
898
9 684
8 586
1 614
3 665
40
33
20
13
236
267
642
288
799
395
226
511
949
4 640
5 797
5 084
5 912
5 337
14
20
18
24
23
418
766
769
414
094
601
169
087
573
706
5 187
7 293
7 804
6 082
6 039
23
25
28
27
27
237
982
456
960
093
7 507
10 646
10 955
10 946
8 577
8 773
10 121
10 413
10 894
8 486
30
39
42
42
35
057
713
328
054
445
2 823
2 143
959
2 271
3 462
3 295
265
481
3 399
3 148
390
913
597
2 091
1 297
2 308
1 793
1
1
1
1
1
136
972
594
880
937
1
1
1
1
2
310
934
819
704
102
2
1
1
2
1
194
891
671
328
298
3 383
4 364
5 246
5 578
5 489
3
5
4
7
6
596
210
213
413
319
2
5
4
5
5
2 200
* 143
2 167
2 722
1 963
2
2
2
2
2
1
2
2
2
1
327
494
814
119
967
1
2
2
1
2
938
308
946
814
075
1
2
2
2
1
922
491
044
149
997
5 508
6 162
8 003
7 503
7 296
5
6
6
6
7
941
356
562
802
052
6
6
6
7
6
£ 775
3 165
3 690
> 173
J» 001
2 419
3 541
3 720
3 836
2 680
2 995
3 225
3 308
3 378
2 734
2
3
3
3
2
988
513
479
613
765
7
10
10
10
8
383
132
632
758
639
4 241
1 002
1 089
767
2
2
1
2
971
196
619
511
192
1
*
1
1
1
2
1
1
2
2
151
993
888
216
580
2
3
3
3
2
313
940
545
937
896
231
108
310
692
964
333
116
004
454
250
033
032
635
163
2 790
3 383
3 626
3 903
2 987
10
10
8
2
6
8
10
9
9
470
966
358
006
394
814
328
456
743
9 411
9 439
6 542
3 510
10 671
4 276
4 128
4 107
1970...
1971...
856. REAL AVERAGE HOURLY EARNINGS OF PRODUCTION WORKERS IN MANUFACTURING 2
(1967 DOLLARS)
AVERAGE FOR PERIOD
1947...
1948...
1949...
1.79
1.79
1.90
1.82
1.83
1.94
1,80
1.84
1.93
1,80
1*81
1.93
1.83
1*81
1*93
1.85
1.83
1.93
1.85
1.82
1*94
1.84
1.85
1.94
1.81
1.85
1.93
1.81
1.87
1.93
1.82
1.89
1.92
1.81
1.91
1.95
1.80
1.82
1.92
1,83
1.82
1.93
1.83
1.84
1.94
1.81
1.89
1.93
1.82
1.84
1.93
1950***
1951...
1952...
1953...
1954...
1.97
2.00
2.02
2.13
2.19
1*99
1.99
2.06
2.17
2.20
1.98
1.99
2.07
2,17
2,20
1*99
2.00
2.06
2.17
2.20
2.00
2.01
2.06
2.17
2.21
2.00
2,02
2.05
2.17
2.21
2.00
2.02
2,03
2.18
2,19
1*99
2.02
2.06
2.18
2,21
1.98
2.02
2.09
2.18
2.21
2*00
2.01
2*11
2.18
2.22
2.02
2*03
2.11
2.18
2.24
2.03
2.02
2*11
2.19
2.25
1.98
1.99
2.05
2.16
2.20
2.00
2.01
2.06
2.17
2.21
1.99
2.02
2.06
2.18
2.20
2.02
2.02
2.11
2.24
2.00
2*01
2.07
2.17
2.21
1955...
1956...
1957...
1958...
1959...
2.26
2.37
2.43
2.42
2*49
2.27
2.37
2.43
2.42
2,50
2.27
2.39
2.44
2.41
2*53
2.30
2.41
2.43
2.41
2*53
2.31
2.40
2*42
2.41
2.53
2.30
2.40
2.42
2.42
2*53
2,31
2.37
2.42
2.42
2.53
2.33
2.41
2.43
2*45
2.49
2.34
2.41
2.43
2.45
2.51
2.34
2,42
2*44
2*45
2*49
2*36
2.42
2.44
2.48
2.50
2.35
2.43
2.43
2.49
2.53
2,27
2.38
2.43
2.42
2.51
2.30
2.40
2.42
2*41
2.53
2,33
2.40
2.43
2.44
2.51
2,35
2*42
2*44
2.47
2* SI
2.31
2.40
2*43
2*44
2*51
I960...
1961...
1962...
1963...
1964...
2.56
2.55
2.64
2.66
2,70
2.57
2.55
2.63
2*66
2.70
2.57
2.56
2*64
2.67
2.71
2.54
2.58
2.64
2.67
2.71
2.55
2.59
2.64
2*68
2.72
2.55
2*60
2.64
2*68
2.72
2*55
2.58
2.62
2.67
2.73
2.56
2.60
2.64
2.66
2.74
2*57
2.59
2.62
2.68
2.75
2.56
2.61
2.65
2,68
2.71
2.54
2.63
2.65
2,70
2.73
2.55
2.63
2*66
2.70
2.75
2.57
2.55
2.64
2.66
2.70
2.55
2.59
2.64
2.68
2,72
2.56
2.59
2.63
2.67
2.74
2.55
2.62
2.65
2.69
2.73
2.56
2.59
2.64
2.68
2.72
1965...
1966...
1967...
1968...
1969...
2.75
2.79
2*81
2.87
2.91
2.76
2.78
2.82
2.86
2.90
2.76
2.78
2.82
2.88
2,90
2-77
2.79
2*83
2.88
2.90
2.76
2.79
2.82
2*89
2.90
2*76
2*79
2.83
2.88
2.90
2,76
2.79
2*82
2.88
2.90
2.77
2.79
2.84
2.88
2.92
2.77
2.80
2.83
2.90
2.91
2.78
2,79
2.82
2.89
2,91
2.79
2,80
2*84
2.90
2*91
2.78
2.80
2,85
2.91
2.91
2.76
2.78
2.82
2,87
2.90
2.76
2.79
2.83
2,88
2,90
2,77
2.79
2.83
2.89
2*91
2.76
2.80
2.84
2.90
2.91
2*77
2.79
2*83
2.88
2*91
2. IB
1970...
1971...
859, REAL SPENDABLE AVERASE WEEKLY EARNINGS OF PRODUCTION OR NUNSUPERVISORY WORKERS ON PRIVATE3
NONAGRICULTURAL PAYROLLS
(1967 DOLLARS)
AVERAGE FOR PERIOD
,..
•;
...
...
...
1955...
...
...
...
...
1964...
86.89
87.68
87.69
88.47
88*66
88.69
89.03
19.33
89.11
89.27
89.18
89.85
87,42
88.61
89.16
89.43
88.65
1965.
1966.
.967.
1968.
1969.
90*36
91.35
90.98
90.70
91* 16
90.72
90.99
90.43
91.56
90.90
90.84
91.24
90.46
91.31
91.07
90.43
91.27
90.34
91.02
91.17
91.17
91.06
90.47
91.39
91*18
91.08
91.46
90.69
91.51
91.12
91,33
91.51
91.08
91.38
90,99
VI. 52
90.72
*1.02
VI. 61
^1*06
91.59
91.17
91.31
92.20
91.35
92.13
91,30
90.80
91.54
91,09
91.98
91.02
91.19
91.00
91.01
91.92
90.95
90.84
91.55
90.52
90.64
91.19
90.62
91,19
91.04
90,89
91*26
90,50
91.31
91,16
91.48
91.13
91,14
91.73
91.13
92.01
91.09
90.94
91.36
90*87
91.26
91.17
90.80
91.40
91.05
1970.
1971.
'Since last shown here, this series has been revised beginning with 1968.
105
C. Historical Data for Selected Series-Continued
This appendix contains historical data (back to 1945 if available) for selected BCD series.
Data are published here for (a) series which have been added to the report, (b) series which
have been revised, and (c) series which have not been shown here for a long time. See the
"Index—Series Finding Guide" for the latest issue in which historical data were published
for each series. Data are seasonally adjusted unless the symbol © (indicating unadjusted
data) follows the series title. Official source agency annual figures are shown if available*
Such figures are often based on data with more digits or on data which have not been sea*
sonally adjusted; therefore, they may differ slightly from annual figures based on the monthly
or quarterly data shown here. Current figures are shown in the basic: data tables of the report
and may be used to update the tables below.
Quarterly
Monthly
Year
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
IQ
06. DIFFJSION INDEX FOR VALUE OF MANUFACTURERS' NEW ORDERSt DURABLE GOODS INDUSTRIES— 35 INDUSTRIES1
;
(PERCENT RISING OVER 1-MONTH SPANS)
II Q
Annual
HIQ
IV Q
AVERAGE FOR PERIOD
S2.4
38,1
31.0
38.1
57.1
28.6
66.7
85.7
19.0
83.3
52.4
42.1
60.3
51.6
1950* *.
1951...
1952...
1953...
1954***
66.7
73.8
40.5
66.7
42.9
S7.1
31.0
57,1
28.6
65.7
57,1
52*4
45.2
33.6
31.4
76,2
47.6
61.9
68.6
51.4
81.0
52.4
19.0
27.1
44.3
52*4
28.6
61*9
14.3
65.7
95.2
47.6
66.7
77.1
77.1
83.3
38.1
28.6
20.0
58.6
31.0
23.8
66.7
47.1
57.1
33.3
81.0
64.3
32.9
58.6
57.1
38.1
38*1
45.7
48.6
85.7
33.3
57.1
60.0
71.4
60*3
52. 4
47.6
44.6
46.7
69.9
42.9
47.6
36.7
53.8
69.6
36. S
54.0
48*1
64.3
58.7
50.8
53.2
46.2
59.5
64.7
45.6
SO, 6
43,9
36.1
1955***
1956.*.
1957*.*
1958...
1959...
77.1
31.4
38.6
54.3
71.4
67.1
28.6
60.0
42.9
81.4
72*9
57.1
38*6
45.7
67.1
35.7
67,1
20,0
57,1
38.6
57.1
51.4
60.0
68.6
55.7
87.1
50.0
50.0
57.1
45.7
45.7
25.7
41.4
62.9
45.7
65.7
68.6
57.1
63.6
18.6
40*0
40.0
52.9
80*0
74.3
68.6
75.7
35.7
45.7
47.1
58.6
80*0
44.3
78.6
34.3
45.7
38.6
14.3
40*0
70*0
72.4
39.0
45.7
47.6
73.3
60.0
56,2
43.3
60.9
46.7
so.s
44.6
50. S
70. S
46. a
57.6
64. «
31.4
54* 6
50.5
00.1
31.2
42.7
38.5
34.2
I960...
1961...
1962...
1963...
1964...
25.7
34.3
62.9
54.3
7S.7
42.9
57.1
52.9
70*0
31.4
42.9
68.6
45*7
45.7
68.6
62,9
62.9
45.7
60.0
54,3
50.0
70.0
55.7
62.9
61.4
33*6
68.6
45*7
50*0
54.3
42*
42.
61.
62.
63.
51.4
71.4
51.4
45.7
31.4
48*6
55.7
57.1
57.1
64*3
32.9
55.7
60.0
68.6
47.1
45.7
57.1
55.7
37.1
45.7
57.1
42*9
40*0
57.1
55.7
37.2
53.3
53*8
56*7
58.6
50.5
67.2
49.0
57.6
56.7
47.6
56.7
56.6
55*2
54.8
45. 2
51. Si
51.^
54.3
49.5
45.1
37.3
92.8
36.0
S4.9
1965...
1966..*
1967...
1968...
1969...
54.3
52. 9
36.6
45.7
71.4
40*0
57.1
52.9
42.9
47.1
68. 6
85.7
42*9
54.3
50.0
60.0
35,7
50,0
37,1
54.3
45.7
61.4
58*6
41*4
50.0
64.3
52.9
68.6
57.1
37.1
70.0
50.0
50.0
57.1
60.0
50.0
61.4
72.9
43.6
38.6
62.9
48.6
28.6
75.7
65.7
68*6
50.0
48.6
60,0
44,3
77.1
31.4
60.0
57.1
31.4
74.3
52.9
65*7
55.7
47.1
54*3
65.2
44* B
47.6
56*2
56.7
50.0
59.1
45.2
47.1
61.0
53.3
50.3
60*5
54.il
73.3
44.8
58.1
57.6
40.9
61,3
33.3
33,1
32*7
49*8
1949...
1970...
1971...
D6. DIFFUSION INDEX FOR VALJUE OF MANUFACTURERS' NEW ORDERS* DURABLE GOODS INDUSTRIES— 35 INDUSTRIES*
(PERCENT RISING OVER 9-MONTH SPANS)
AVERAGE FOR PERIOD
1946...
52*4
66.7
57,1
95.2
85.7
95.2
90*5
73.0
90.5
100.0
50.0
26.2
23.6
65,7
100.0
9.5
50.0
42.9
65.7
100*0
9.5
57.1
5.7
91.4
95.2
23.8
38.1
7.1
65.7
95.2
9.5
52,4
8.6
94,3
100.0
4.8
52.4
7.1
88.6
90.5
9.5
85,7
11,4
94.3
95.2
28.6
47.6
27.1
91.4
85.7
38*1
66*7
22.9
88.6
95.2
53.9
47*6
55.6
44*3
100*0
23.0
44.4
25.7
74.3
96.8
12.7
47.6
7.6
82.9
90.5
25.4
66.7
20.5
91.4
95.6
28.8
SI. 6
27.3
73.3
94,3
40,0
74.3
71,4
88,6
21.4
18.6
80*0
62.9
80*0
51.4
14.3
88.6
71.4
74.3
68.6
20.0
91.4
42*9
71.4
64.3
17.1
82.9
37.1
87,1
38.6
25.7
91.4
37.1
68.6
54.3
28*6
85.7
34,3
68.6
41.4
28.6
90,0
22.9
71.4
51*4
25.7
91.4
34.3
89.5
55.7
36.2
47*6
91*4
67*6
37.6
16.7
81.0
75.2
77.6
57. 2
20,9
38*6
39,0
69,!?
49.0
27.6
89.0
30.5
31*1
49.9
25.4
76.5
S9.0
37.1
65*7
51.4
81.4
80*0
51,4
80,0
51.4
63.6
85,7
42.9
77.1
54.3
74.3
85.7
34.3
91.4
57.1
77*1
75.7
45.7
77.1
50.0
58.6
74.3
50.0
82.9
54.3
72.9
82.9
34.3
82.9
62.9
81.4
82.9
25.7
82.9
75.7
68.6
78.6
40.0
72.9
80.0
84.3
72.9
51.4
81.4
72.9
71.4
77.1
41.4
59.0
56.2
81.4
81.9
42.9
82.8
54.3
73.3
82.4
43*3
81.0
55.7
71.0
80.0
39.0
79.1
76,2
74.8
76.2
41.7
75.5
60.6
75.1
80.1
85.7
85.7
42*9
68.6
65.7
82.9
77.1
71.4
65.7
57.1
88.6
74.3
51.4
68.6
74.3
80.0
70.0
62*9
80*0
60.0
94.3
48.6
77.1
82*9
64,3
82.9
38.6
88.6
88.6
48.6
90.0
34.3
74.3
85.7
42,9
94.3
32*9
74.3
87.1
34.3
94.3
22.9
72.9
82*9
42.9
94.3
31.4
74.3
87.1
22.9
85*2
68*6
35*7
72*4
75.2
83.8
73.8
61*9
71.4
63.8
89.1
40. 5
80.0
35,7
51.9
94*3
29*1
73.8
85.7
33.4
38.1
58.0
62.9
78.8
56*1
1950.**
1951...
1952...
1953,..
1954***
90.5
57.1
33,3
66.7
34.3
95.2
S7.1
66.7
47,6
44.3
1955.*.
1956...
1937...
1958...
1959...
94.3
64.3
37.1
31.4
94.3
85.7
68.6
45.7
51.4
94*3
88.6
34,3 :
25.7
60*0
85*7
I960.**
1961...
1962.**
1963...
1964...
45.7
54.
58*
82.
S2*
41.4
57.i
58.6
80.0
82.9
1965.**
1966.**
1967.**
1968...
1969...
78.
88.
35.
71.
82.
91.4
91,4
28.6
77,1
77,1
100*0
47.6
42.9
52.4
55.7
;
i7.i
1970. *•
1971...
132. UNITED KINGDOM— INDEX OF CONSUMER PRICES3
(1967-100)
1948. ..
1949*.*
®
AVERAGE FOR PERIOD
48
51
49
51
49
51
50
51
50
52
51
52
50
52
5O
52
50
52
50
52
51
52
51
53
49
51
50
52
50
52
51
52
SO
52
53
62
65
65
53
55
62
65
65
53
55
62
65
66
53
56
63
66
66
53
58
63
65
66
53
58
64
66
66
53
59
64
66
68
53
59
64
65
67
53
60
63
65
67
54
60
64
65
67
54
60
64
65
68
54
61
64
65
68
53
55
62
65
65
53
57
63
66
66
53
59
64
65
67
54
60
64
6b
68
S3
58
63
65
67
19S5...
1956...
19S7...
1958.**
1959...
63
71
74
77
79
68
71
74
77
79
68
72
74
77
79
69
74
74
78
78
69
73
75
78
78
70
73
75
79
78
70
73
76
77
78
69
73
76
77
78
70
73
76
77
78
71
74
76
78
78
72
74
77
78
78
72
74
77
79
79
63
71
74
77
79
69
73
75
78
78
70
73
76
77
73
72
74
77
76
78
70
73
75
78
78
I960***
1961...
1962...
1963.**
1964...
78
80
84
86
OB
78
80
84
87
88
78
80
84
87
83
79
81
85
87
89
79
81
86
87
90
79
82
86
87
90
79
82
86
87
90
79
83
85
86
90
79
62
85
87
90
79
83
85
87
90
80
83
85
87
91
80
84
86
87
91
78
80
84
87
83
79
81
86
87
90
79
82
85
87
90
80
83
85
87
91
79
B2
85
87
90
1965.**
1966.**
1967...
1968...
1969.*.
92
96
99
102
108
92
96
99
102
109
92
96
99
103
109
94
97
100
105
110
94
98
100
105
110
94
98
100
105
111
94
98
100
105
110
95
98
100
105
110
95
98
100
105
111
95
98
100
106
112
95
99
101
106
112
96
99
101
108
113
92
96
99
102
109
94
98
100
105
110
95
93
100
105
110
95
99
101
107
112
94
96
100
10S
110
1950**.
1951**.
1952...
1953...
1954.*.
55
1970...
1971...
'Since
last ohothis series tiaj) been revised beginning with 1961.
a
Sinee last shovn 1 JCG, this scries hnijj boon revised beginning with 1960.
s
Stneo loot shewn 1 re, this series ha$ been revised beginning with 1948.
106
(APRIL 1971)
C. Historical Data for Selected Series-Continued
This appendix contains historical data (bock to 1945 if available) for selected BCD series.
Data are published here for (a) series which have been added to the report, (b) series which
have been revised, and (c) series which have not been shown here for a long time. See the
"Index—Series Finding Guide" for the latest issue in which historical data were published
for each series. Data are seasonally adjusted unless the symbol (u) (indicating unadjusted
data) follows the series title. Official source agency annual figures are shown if available.
Such figures are often based on dqta with more digits or on data which have not been seasonally adjusted; therefore, they may differ slightly from annual figures based on the monthly
or quarterly data shown here. Current figures are shown in the basic data tables of the report
and may be used to update the tables below.
Monthly
Quarterly
Year
Jan.
Feb.
Mar.
Apr.
May
June
July
Sept.
Aug.
133. CANADA— INDEX OF CONSUMER PRICES
(1967=1001
Oct.
Nov.
Dec.
II Q
IQ
IIIQ
Annual
IV Q
®
AVERAGE FOR PERIOD
...
...
1948. •*
1949...
62
67
63
67
63
67
64
67
64
67
65
67
66
67
66
67
67
67
67
68
1950...
1951...
1952...
1953...
1954...
67
72
79
78
78
67
73
79
77
78
68
74
78
77
77
68
75
78
77
78
68
75
78
77
77
68
76
78
77
78
69
77
78
77
78
70
77
78
78
79
70
78
78
78
78
1955.**
1956...
1957...
1958...
1959...
78
78
61
83
85
78
78
81
83
84
78
78
81
83
84
78
78
81
84
64
78
78
81
64
84
78
79
82
84
85
78
79
82
84
85
78
80
82
84
85
I960...
1961...
1962...
1963.**
1964...
86
67
87
89
90
85
87
87
89
90
65
87
87
89
90
86
87
87
89
91
85
87
87
89
91
86
87
88
89
91
86
87
88
90
91
1965...
1966...
1967...
1966...
1969...
92
95
96
102
106
92
95
98
102
106
92
96
98
103
107
92
96
99
103
108
93
96
99
103
108
93
96
100
104
109
94
97
101
104
110
67
66
67
67
63
67
64
67
*66
67
67
68
65
67
71
79
78
78
78
71
79
78
78
76
72
79
78
78
78
67
73
79
77
78
68
75
78
77
78
70
77
78
78
78
71
79
7tt
7b
7«
69
76
78
78
78
78
80
83
84
85
78
80
83
85
86
78
81
83
85
86
78
81
83
65
86
76
78
81
83
84
76
78
81
84
84
78
80
62
84
85
7b
81
83
85
86
78
79
82
84
65
86
87
86
90
91
86
87
88
90
91
87
87
68
90
91
87
87
89
90
91
87
87
89
90
92
85
87
87
89
90
86
87
87
89
91
86
87
88
90
91
87
87
89
90
91
66
87
68
90
91
94
97
101
105
110
93
97
101
105
110
93
98
101
105
110
94
98
101
106
110
94
98
102
106
111
92
95
96
102
106
93
96
99
103
106
94
97
101
105
110
94
9b
101
106
110
93
97
100
104
109
1970...
1971...
135. WEST GERMANY— INDEX OF CONSUMER PRICES
(1967=100)
®
AVERAGE FOR PERIOD
...
.".
...
1949...
76
75
75
74
74
74
73
72
72
77
72
76
73
77
72
75
74
72
72
77
72
*74
1950***
1951...
1952...
1953...
1954...
70
70
77
75
74
70
71
77
75
74
69
73
76
75
75
69
74
76
75
75
66
74
75
75
75
68
75
75
75
75
68
75
75
75
75
68
75
75
75
75
69
75
75
74
75
69
76
75
74
75
69
77
75
74
75
70
77
76
74
75
70
71
77
75
74
66
74
75
75
75
68
75
75
75
75
6V
77
7b
74
75
69
74
76
75
75
1955***
1956...
1957...
1958...
1959...
75
77
79
81
81
75
77
79
81
81
75
78
79
81
81
75
78
79
81
81
75
78
79
82
61
75
78
79
82
62
76
78
80
62
82
75
78
79
81
83
75
78
79
80
82
76
78
80
80
83
77
79
80
81
83
77
79
80
81
83
75
77
79
81
81
75
78
79
82
81
75
78
79
81
62
77
79
80
81
83
76
78
79
81
82
I960***
1961...
1962..*
1963*.*
1964* ••
83
64
87
90
92
83
84
87
91
92
83
84
88
92
92
83
84
88
92
92
83
85
88
91
92
83
86
89
91
92
83
86
69
91
92
83
66
88
90
92
83
85
88
90
92
63
85
88
91
92
83
86
88
91
93
83
86
88
91
93
83
84
87
91
92
83
85
88
91
92
83
86
88
90
92
83
86
83
91
93
83
85
88
91
92
1965...
1966* ••
1967, ».
1968...
1969...
93
97
100
102
104
93
98
100
102
104
94
98
100
102
105
94
99
100
102
105
95
99
100
102
105
96
99
100
102
105
96
99
100
102
105
96
99
100
101
105
96
99
100
101
105
96
99
100
102
105
96
99
100
103
106
97
100
100
103
107
93
96
100
102
104
95
99
100
102
105
96
99
100
101
105
96
99
100
103
106
95
99
100
102
105
1970...
1971...
136. FRANCE— INDEX OF CONSUMER PRICES
U967=*100)
©
AVERAGE FOR PERIOD
...
1946...
1949...
32
44
35
42
34
40
34
39
35
39
35
39
35
38
39
39
41
41
43
43
42
43
43
44
34
42
35
39
38
39
43
43
37
41
1950. •*
1951...
1952.**
1953...
1954...
44
49
60
59
58
45
50
61
60
59
44
50
60
59
59
45
51
60
59
58
44
53
59
59
59
43
53
58
59
59
43
53
58
59
58
45
54
59
58
58
46
54
60
58
59
47
56
59
58
58
48
57
59
58
59
48
58
59
58
59
44
50
60
59
59
44
52
59
59
59
45
54
59
58
58
48
57
59
58
59
45
53
59
59
58
1955...
1956* .*
1957...
1958,. *
1959. ••
59
60
61
69
75
59
60
61
70
76
59
60
61
71
76
59
60
61
72
76
59
61
60
72
75
59
60
61
72
75
58
60
62
72
76
58
60
62
73
76
59
61
63
73
76
60
60
64
73
77
60
60
66
73
78
60
60
67
73
78
59
60
61
70
76
59
60
61
72
75
58
60
62
73
76
60
60
66
73
78
59
60
62
72
76
I960...
1961...
1962...
1963...
1964...
79
60
64
67
92
79
80
84
88
92
79
80
84
88
92
79
80
84
88
92
79
80
85
89
92
79
80
85
89
92
79
81
86
90
92
80
81
85
90
92
80
81
86
91
93
80
62
86
91
93
80
83
87
91
93
80
84
87
91
93
79
80
84
88
92
79
60
65
69
92
60
81
86
90
92
80
83
87
91
93
79
81
65
89
92
1965...
1966...
1967...
1968...
1969. •*
94
96
99
103
108
94
96
99
103
109
94
96
99
103
109
94
97
99
103
110
94
97
99
104
110
96
97
99
104
111
95
97
100
104
111
95
98
100
105
111
95
96
100
105
112
95
98
101
107
113
95
98
102
107
113
96
98
102
107
113
94
96
99
103
109
95
97
99
104
110
95
98
100
105
111
9S
9b
102
107
113
95
97
100
105
111
1970...
1971...
{APRIL 1071)
107
C. Historical Data for Selected Series-Continued
This appendix contains historical data (back to 1945 if available) for selected jlCD series.
Data are publish&d here for (a) series which have been added to the report, (b) series which
hove been revised, and (c) series which hove not been shown here for a long time. See the
"Index—Series Finding Guide" for the latest issue in which historical data were published
for each series. Dot a are seasonally adjusted unless the symbol (H) (indicating unadjusted
data) follows the series title. Official source agency annual figures are shown if available.
Such figures are often based on data with more digits or on data which have not been sea*
sonally adjusted; therefore, they may differ slightly from annual figures based on the monthly
or quarterly data shown here. Current figures are shown in the basic data tables of the report
and may be used to update the tables below.
Quarterly
Monthly
Year
Jan.
Feb.
Mar.
Apr.
May
June
July
Sept.
Aug.
137. ITALY— INDEX OF CONSUMER PRICES
(1967=100)
Oct.
Nov.
Dec.
IQ
II Q
ma
IV Q
Annual
®
AVERASt FOR PERSOD
** •
1943...
1949...
5JI
56
54
56
56
56
56
57
55
57
55
57
52
55
54
56
56
55
55
54
55
54
56
54
55
56
'55
57
*S4
55
55
54
55
§6
19SO.**
19§1...
19S£...
1953**.
1954...
sn
so
6:1
54
59
62
64
6S
53
S9
62
64
6S
54
60
63
64
65
54
60
63
65
66
55
61
63
65
66
55
61
63
64
66
56
61
63
64
66
57
61
64
64
66
56
61
64
64
66
57
62
64
64
66
57
62
64
64
66
54
59
62
64
65
54
60
63
65
66
56
61
63
64
66
57
62
64
64
66
SS
60
63
64
66
6''
69
711
67
69
71
72
72
67
70
70
72
72
67
70
70
73
72
67
70
70
73
72
67
70
70
74
72
67
70
71
73
72
67
70
71
73
72
67
70
71
73
72
68
70
71
73
73
68
70
72
73
73
69
71
72
72
74
67
69
71
72
73
67
70
70
73
72
67
70
71
73
72
6B
70
72
73
73
67
70
71
73
72
74
7!>
74
7S
78
84
83
74
75
78
@4
89
74
75
79
85
89
74
75
79
85
39
74
75
79
85
90
74
76
79
85
91
74
76
80
35
91
74
76
80
86
91
74
76
80
87
92
75
77
83
87
92
75
77
82
88
93
74
75
78
84
38
74
75
79
85
89
74
76
80
85
91
75
77
82
37
92
74
76
80
8S
90
93
96
99
101
93
96
99
101
103
94
96
99
101
103
94
96
100
101
103
94
96
100
101
104
95
96
100
101
104
95
96
100
101
105
95
96
101
101
105
95
97
101
101
105
95
97
101
102
106
96
98
101
102
106
93
96
99
101
102
94
96
100
101
103
95
96
100
101
105
95
97
101
102
106
94
96
100
101
104
1953...
1956...
1957...
1938.**
1959...
I960.*.
1961...
1963. ••
1963...
1964...
1965...
1966.*.
1967...
1968...
1969...
64
64
?;:
?;>
ft
a;j
80
9;?
9<>
99
10:1
io;>
102
1970...
1971...
138* JAPAN—INDEX OF CONSUMER PRICES
< 1967=100)
©
AVERAGE FOR PER 1(00
1940...
1949...
3,1
413
30
49
34
50
35
51
37
52
41
51
40
49
44
46
46
48
43
48
44
47
45
48
32
49
38
51
43
48
44
48
39
49
1950...
19S1...
49
4*>
SIS
SO
47
51
S§
57
63
46
S3
55
57
63
44
53
55
53
63
45
52
55
58
63
43
52
54
59
63
45
51
55
59
63
45
53
55
59
62
45
54
55
61
62
44
55
55
63
63
45
55
55
62
62
47
55
55
62
61
47
51
SS
57
63
44
52
55
58
63
4S
53
55
60
62
45
55
55
62
62
45
53
55
59
62
61!
62
62
63
64
6S
61
62
63
63
65
62
62
63
64
65
62
62
64
64
65
61
63
64
65
65
61
61
64
64
65
61
62
65
65
66
61
62
64
65
66
62
63
65
66
66
61
62
64
66
66
61
63
64
65
66
62
62
63
64
65
62
62
64
64
65
61
62
64
65
66
61
63
64
66
66
61
62
64
65
65
19S2...
1953...
1954...
1955* ••
19S6...
1957...
1953...
1959. *•
6;»
6:.
6:*
64
6!l
I960,..
1961...
1962.*.
1963...
1964. ••
67
69
7!i
79
B:\
67
69
75
80
83
67
70
75
8l
84
68
71
76
82
85
68
70
77
83
36
68
71
77
34
86
68
71
77
84
86
68
72
76
32
86
68
72
76
83
36
69
74
77
83
88
68
74
77
83
87
63
74
78
83
87
67
69
75
80
83
68
71
77
83
86
68
72
76
83
86
68
74
77
S3
87
68
71
76
32
86
196S...
1966.**
1967...
1963...
1969...
90
94
99
iO't
lOtl
90
95
99
104
103
91
95
100
105
109
93
97
100
105
110
91
96
99
105
110
91
96
98
104
110
91
96
98
105
113
91
96
99
104
113
93
97
101
108
114
94
97
103
108
114
93
97
103
108
114
93
98
103
107
114
90
95
99
104
108
92
96
99
105
110
92
96
99
106
113
93
97
i03
108
114
92
96
100
106
111
19
16
16
16
1?
1?
17
1970.*.
1971...
19. UNITED STATES— INDEX OF STOCK PRICES* 500 COMMON STOCKS* <§
(1967=1001
1945...
1946...
1947. •»
1948...
1949...
lit
20
19SO..*
1951...
1952...
1953...
1954*. •
If!
221
AVERAGE FOR PER)I©0
1§
20
17
13
16
IS
19
16
16
16
16
30
16
17
16
16
20
16
13
16
16
20
16
10
15
16
20
17
16
16
16
19
17
17
17
17
16
16
17
17
18
16
17
18
17
19
16
17
17
18
19
16
16
17
18
15
20
17
16
16
Ed
2(1
at*
19
£4
26
23
28
19
24
E6
28
29
19
24
26
27
30
20
24
26
27
31
20
23
27
26
32
19
24
27
26
33
20
25
27
27
33
21
26
27
25
34
22
25
26
26
35
22
25
27
27
36
21
25
28
27
38
1955...
1956...
1957...
1953...
1959* * .
39
40
49
4!i
61.
40
48
47
45
60
40
52
48
46
61
41
52
49
46
62
41
51
51
43
63
43
SO
52
49
63
46
53
53
50
65
46
53
50
52
65
46
51
48
53
62
46
50
45
55
62
49
SO
44
57
62
I960...
1961...
I960.**
1963...
1964***
6:>
61
68
76
73
84
60
70
76
71
86
61
72
74
75
87
60
72
69
76
33
62
71
61
76
87
61
71
62
75
91
61
74
64
77
89
60
73
63
79
91
58
74
61
79
92
1965.**
1966...
1967...
1968...
1969.*.
9<(
94
101
9S
99
110
94
97
97
97
108
96
100
99
104
110
97
94
101
106
114
93
94
99
109
108
92
93
101
109
103
94
88
103
107
102
97
85
104
110
103
99
34
104
113
104
17
16
17
6Ii
7Ii
7!.
H;>
ica
92
io:>
ii:.
1970...
1971...
NOTC: Since lest ih own hero, those nor iocs have
'Thlo sorion appoa ro only in coctlan p of BCD.
108
boon revised beginning with the fi •9t
year shown.
16
16
ie
16
16
18
17
17
17
19
24
26
28
23
20
24
26
27
31
20
25
27
26
33
22
25
27
36
20
24
27
27
32
49
51
44
58
64
40
49
43
45
61
42
51
51
48
63
47
52
50
52
64
43
SO
44
5?
63
44
51
48
SO
62
60
77
65
79
93
62
78
68
81
91
61
63
76
71
34
61
72
68
76
87
61
73
63
77
90
60
76
65
80
92
61
72
68
76
88
100
86
101
115
105
100
88
104
life
99
94
100
95
10©
110
95
96
100
106
111
94
89
103
109
103
100
96
93
100
10?
106
ao
17
17
18
a?
87
103
115
103
C. Historical Data for Selected Series-Continued
This appendix contains historical data (back to 1945 if available) for selected BCD series.
Data are published here for (a) series which have been added to the report, (b) series which
have been revised, and (c) series which have not been shown here for a long time. See the
"Index—Series Finding Guide" for the latest issue in which historical data were published
for each series. Data are seasonally adjusted unless the symbol © (indicating unadjusted
data) follows the series title. Official source agency annual figures are shown if available.
Such figures are often based on data with more digits or on data which have not been seasonally adjusted; therefore, they may differ slightly from annual figures based on the monthly
or quarterly data shown here. Current figures are shown in the basic data tables of the report
and may be used to update the tables below.
Quarterly
Monthly
Year
Jan.
Feb.
Mar.
Apr.
May
June
July
Sept.
Aug.
142. UNITED KINGDOM— INDEX OF STOCK PRICES
U967s:100)
Oct.
IQ
II Q
III Q
Annual
IV Q
AVERAGE FOR PERIOD
31
37
40
34
30
32
37
39
32
26
32
37
38
32
28
32
37
32
32
28
32
35
33
32
29
it
33
1946...
1947..*
1948...
1949.**
34
40
36
34
34
38
32
33
34
38
33
31
1950...
1951...
1952* *•
1953...
1954...
28
32
31
32
38
29
33
30
33
38
28
32
29
34
39
28
35
31
33
41
29
36
26
32
42
30
36
27
32
43
29
34
29
33
45
30
35
31
34
47
31
36
31
35
48
1955...
1956.**
1957*. •
1958...
1959...
54
49
49
45
60
46
45
49
43
61
49
46
49
45
62
50
50
52
47
65
54
47
52
48
67
58
46
53
50
67
57
48
53
50
66
53
46
52
53
71
52
47
47
55
70
51
47
44
57
80
I960.**
1961...
1962...
1963...
1964* ••
87
87
81
65
99
85
91
82
67
96
86
95
80
89
99
81
97
84
90
100
84
96
76
91
99
82
88
73
90
98
82
86
75
91
101
86
82
82
94
102
86
81
80
96
102
1965...
1966.**
1967..*
1968.*.
1969...
93
98
89
115
165
96
101
89
92
99
90
120
153
92
98
95
133
151
94
101
97
139
143
90
102
97
142
133
87
96
99
150
128
68
87
100
154
128
90
86
106
158
130
159
Dec.
®
33
36
39
34
31
lie
Nov.
33
3
33
27
34
38
34
34
28
31
37
31
36
51
31
33
31
36
50
34
29
34
39
34
33
32
37
39
33
30
32
36
34
32
28
34
38
34
33
26
36
37
33
30
31
33
31
36
51
28
32
30
33
38
29
36
29
32
42
30
35
30
34
47
31
34
31
36
51
30
34
30
34
44
50
43
45
57
82
52
46
44
61
88
50
47
49
44
61
54
48
52
46
66
54
48
51
51
45
44
69
83
52
47
49
51
70
87
79
80
98
100
82
80
85
99
96
83
81
85
101
92
86
91
81
87
9B
82
94
78
90
99
85
83
79
94
102
84
80
83
99
96
84
87
80
93
99
96
85
111
153
127
98
83
115
154
129
96
85
113
158
132
94
99
69
118
159
92
100
96
138
142
88
90
102
154
129
97
84
113
155
129
93
94
100
141
140
53
se
1970.*.
1971...
143. CANADA-•-INDEX OF STOCK PRICtS
(1967=100)
®
AVERAGE. FOR PERIOD
...
1948...
1949...
20
21
18
20
18
19
20
19
22
19
22
18
22
19
21
20
21
20
22
21
22
22
22
22
19
20
21
19
21
20
22
22
21
20
1950*. •
1951...
1952...
1953...
1954...
22
30
36
34
30
22
33
36
33
32
22
32
35
33
32
23
33
35
31
34
24
33
33
31
35
24
32
34
30
35
23
32
35
31
35
26
34
35
31
36
27
36
34
29
37
26
37
32
29
37
28
35
33
30
39
28
35
33
29
41
22
32
36
33
31
24
33
34
31
35
25
34
35
30
36
20
36
33
29
39
25
34
34
31
35
1955...
1956...
1957...
1956...
1959...
41
51
55
44
57
42
51
52
44
59
42
55
53
45
59
43
56
56
46
59
44
55
58
47
59
47
55
58
49
59
49
57
57
50
62
49
59
52
52
60
51
56
49
53
56
48
54
44
55
56
49
52
44
56
56
50
54
44
61
59
42
52
53
44
58
45
55
57
47
59
50
57
53
52
59
49
5>
44
57
57
46
55
52
50
58
i960.**
1961...
1962...
1963...
1964* ••
58
62
75
71
80
55
64
75
71
80
53
67
76
71
82
55
70
75
74
66
56
73
71
76
90
56
72
63
75
90
55
74
62
73
93
56
76
66
72
92
56
76
64
74
93
54
73
62
75
96
56
74
66
75
97
58
75
68
76
95
55
64
75
71
81
56
72
70
75
89
56
75
64
73
93
56
74
6b
7$
96
56
71
69
74
90
1965*.*
1966...
1967...
1968...
1969...
99
103
94
101
114
100
102
96
95
114
101
99
97
92
111
103
101
99
98
114
104
97
99
99
120
99
97
99
100
112
94
96
101
104
107
96
92
104
103
106
99
87
106
106
109
100
85
103
108
110
101
87
101
109
114
98
89
101
112
114
100
101
96
96
113
102
98
99
99
115
96
92
104
104
107
100
87
102
110
113
100
95
100
102
112
1970...
1971...
145. WEST GERMANY—INDEX OF STOCK PRICES
(1967-100)
©
AVERAGE. FOR PERIOD
...
...
24
12
17
20
19
26
13
22
19
21
33
12
17
21
19
27
38
42
39
44
67
43
41
39
47
78
46
39
40
53
103
42
39
41
62
103
42
40
40
51
68
151
139
106
116
121
112
148
135
101
125
127
155
118
109
126
163
138
101
117
127
iSb
139
9V
116
12id
139
145
113
111
125
102
66
116
131
159
lie
106
92
124
137
112
100
93
132
144
109
90
102
136
147
104
89
113
134
16U
111
96
100
132
147
1950...
1951...
1952...
1953* *.
1954...
12
13
26
19
22
12
14
25
19
23
11
15
23
18
23
12
15
23
18
23
11
15
21
16
23
12
16
20
18
25
12
16
20
18
27
12
17
20
19
28
13
19
21
20
29
13
21
26
21
31
12
23
19
21
33
13
23
19
21
35
12
14
25
19
23
12
15
21
1955...
1956...
1957...
1958*. *
1959*.*
37
43
40
43
66
37
41
39
44
68
39
41
39
44
68
43
42
40
46
72
43
41
39
46
77
43
40
38
48
85
45
39
39
49
97
46
38
40
53
109
46
39
41
57
103
43
40
41
60
98
41
39
41
64
104
43
39
42
63
108
I960...
1961*. *
1962...
1963...
1964...
112
149
137
102
122
113
148
135
100
124
111
146
134
100
129
115
149
129
102
126
123
157
119
111
126
143
158
107
113
123
154
145
104
113
125
168
136
100
117
126
168
132
99
120
129
161
135
90
118
124
154
144
101
115
121
1965...
1966***
1967...
1968...
1969...
121
106
88
123
136
118
107
93
125
137
115
106
95
124
138
115
104
94
129
139
112
100
93
131
145
109
95
92
135
147
108
89
93
137
142
110
90
104
136
146
110
92
108
134
150
107
90
108
137
156
104
86
115
134
164
ie
1970...
1971...
NOTE:
Since last shown here^ these series have been revised beginning with the first year shown.
(APRIL 1971)
109
C. Historical Data for Selected Series-Continued
data) follows the series title. Official source agency annual figures are shown if available*
Such figures are often based on data with more digits or on data which have not been seasonally adjusted; therefore, they may differ slightly from annual figures based on the monthly
or quarterly data shown here. Current figures are shown in the basic data tables of the report
and may be used to update the tables below.
This appendix contains historical data (back to 1945 if available) for selected BCD series.
Data are published here for (a) series which hove been added to the report, (b) series which
have been revisoC, and (c) series which have not been shown here for a long time* See the
"Index-Series Finding Guide" for the latest issue in which historical data were published
for each series. Data ore seasonally adjusted unless the symbol @ (indicating unadjusted
Quarterly
Monthly
Year
Jan.
Feb.
Mar,
Apr.
June
Moy
Sept.
Aug.
July
146. FRANCE— INDEX OF STOCK PRICES
(1967=100)
1946...
1947...
1946...
1949...
14
21
24
IS
21
23
as
15
22
24
20
14
as
Oct.
Nov.
Annual
IV Q
AVERAGE FOR PERIOD
16
21
22
21
20
22
15
22
24
23
20
31
35
39
73
22
24
36
37
42
20
26
24
23
20
26
26
23
22
25
28
22
23
26
25
21
26
24
21
19
23
24
22
22
26
36
37
47
20
26
36
38
51
22
29
36
36
56
23
31
35
39
59
22
31
35
39
61
22
30
34
39
68
aa
111 Q
®
13
23
21
21
17
20
II Q
IQ
Dec.
as
24
19
23
24
22
as
as
25
23
26
22
21
25
35
36
47
£2
ai
29
36
38
S5
31
35
39
67
22
27
35
38
S3
23
21
1950...
1951...
19S2...
1953...
19S4...
22
ai
as
22
2s
ai
3S
37
42
37
37
41
35
36 1
43
25
35
36
45
21
25
33
36
48
19SS.*.
19S6...
1957...
1958. ..
1939..*
68
67
76
99
94
68
66
84
§9
94
76
69 1
93
83
94
77
73
9S
84
100
67
73
104
85
107
68
77
108
81
107
71
84
117
79
114
71
81
117
81
117
75
31
111
84
117
71
81
102
82
126
68
71
104
81
132
69
78
99
31
133
71
67
§5
90
94
71
74
102
83
105
72
82
115
81
116
69
77
102
81
130
71
75
101
34
111
I960.**
1961...
1962*..
1963...
1964...
iao
ia6
122
149
1§8
156
141
157
17S
1S1
132
164
184
iSl
127
13©
165
134
145
127
132
166
166
142
120
138
161
159
138
113
142
152
164
144
128
149
153
162
150
128
141
143
163
143
121
135
149
155
139
124
142
159
164
133
126
138
163
159
134
126
123
157
172
153
133
133
164
170
142
120
144
191
163
H*6
126
133
1§7
1S9
135
US
13S
157
166
144
126
1965...
1966...
1967...
1968...
1969..*
123
126
98
10S
lia
119
121
101
103
126
125
116 :
97
112
136
123
113
94
116
134
121
109
98
110
142
116
109
97
106
130
112
107
93
101
127
116
107
98
104
133
115
100
109
104
133
112
99
108
102
142
111
106
105
104
140
115
101
101
107
145
122
121
99
107
12S
120
110
96
111
135
11,4
105
l©0
103
131
US
102
105
104
142
117
110
100
106
133
aa
1970...
1971...
147*
ITALY— INDEX OF STOCK PRICES
(1967=100)
©
AVERAGE FOR PERIOD
:::
1949...
E6
20
27
27
24
22
23
24
24
24
23
24
27
24
24
24
2S
1950.*.
1951...
1952.*.
19S3...
1954...
as
as
ae
a4
26
30
as
27
so
39
3?
38
38
37
38
24
E6
29
35
36
23
26
23
36
37
22
25
29
35
33
22
26
30
36
40
23
26
31
38
42
24
27
32
38
43
26
27
34
38
44
26
27
36
37
46
25
27
36
37
48
24
36
E9
38
38
23
26
29
35
37
23
26
31
37
42
26
27
3b
37
46
24
26
31
37
41
1955...
1956...
1957..*
1958.*.
1959..*
§3
57
S8
62
7S
S3
58
61
62
78
91
56
62
61
§a
50
S3
6a
60
90
52
5S
63
61
91
56
52
64
59
95
60
54
63
60
102
64
57
65
62
111
65
56
65
63
104
63
56
64
65
104
62
57
65
69
111
59
58
61
71
115
52
57
60
62
78
53
53
63
60
92
63
56
64
62
106
61
S7
63
68
110
§7
56
63
63
96
1960...
1961...
1962...
1963...
1964* *.
121
158
120
167
118
164
111
10S
99
122
165
148
124
90
129
175
149
124
96
144
179
139
129
87
150
166
137
124
85
177
166
137
121
84
189
159
132
116
93
171
164
120
112
93
154
166
127
116
90
144
156
137
118
86
120
163
153
124
105
132
173
145
126
91
172
164
135
120
87
1S6
162
128
115
90
145
165
140
121
93
1965...
1966...
1967.**
1968**.
1969...
83
109
103
99
100
88
114
10S
97
98
9S
116
94
99
100
97
107
9S
101
112
95
106
98
100
113
91
106
96
98
111
88
106
96
100
108
93
109
99
102
112
91
107
103
101
113
91
110
106
97
120
91
109
103
94
121
98
107
100
99
115
90
113
101
98
99
94
106
96
100
112
91
108
99
101
111
93
109
103
97
119
92
109
100
99
s
4
10
isa
i3i
isa
lai
iS4
119
no
1970...
1971*..
148. JAPAN— INDEX OF STOCK PRICES
(1967=400)
®
AVERAGE FOR PERIOD
1
1948.**
1949.*.
3
9
4
8
S
10
5
11
4
12
4
11
4
10
4
11
4
12
4
10
5
9
7
8
4
9
4
11
1950...
1951...
1952...
1953.. *
1954. *.
7
8
13
29
26
8
8
13
3l
25
7
9
13
25
24
7
9
14
23
23
7
9
IS
25
23
6
9
17
24
24
7
9
18
25
24
8
10
18
28
24
6
10
13
30
25
8
12
21
31
24
8
11
24
30
23
7
11
25
29
24
7
3
13
23
10
U
as
7
9
15
24
23
18
28
24
E3
30
24
195S...
1956...
1957...
1958.*.
1959...
26
30
41
36
48
27
30
41
37
5©
25
31
40
37
53
2S
33
42
39
S3
25
34
39
40
55
25
36
37
41
57
25
35
35
40
59
27
35
36
41
61
27
34
38
42
63
28
35
37
43
66
28
38
36
44
67
29
39
35
46
65
26
30
41
37
50
25
34
39
40
55
26
a«
3S
36
41
61
37
36
44
66
26
34
38
40
S3
I960.*.
1961...
1962...
1963...
1964...
66
102
104
102
91
70
103
109
105
91
73
108
105
109
88
76
116
98
113
86
73
119
99
111
91
74
117
101
110
94
78
126
103
106
95
80
120
100
97
91
85
109
95
95
89
88
97
90
96
86
92
98
99
92
86
93
93
101
87
86
70
104
106
10S
90
75
117
99
111
90
81
118
99
99
92
91
96
97
92
B6
79
109
100
102
90
196S...
1966...
1967...
1968.**
1969. ..
90
101
101
gj
U9
88
105
104
99
131
83
109
104
99
132
81
109
102
102
137
81
110
105
106
142
77
107
105
108
144
74
105
105
113
141
82
105
98
119
139
69
103
95
128
147
87
102
97
128
150
93
101
94
123
156
97
99
90
123
161
87
105
103
93
131
80
109
104
105
141
82
104
99
120
142
92
101
94
125
1§6
85
105
100
112
142
11
8
9
3
1970...
1971...
NOTE:
Since loot sihown here, thooo sorioo have boon reviood beginning with ttie fir at year shown.
110
(APRIU
7
10
17
28
24
C. Historical Data for Selected Series-Continued
This appendix contains historical data (back to 1945 if available) for selected BCD series.
Data are published here for (a) series which have been added to the report, (b) series which
have been revised, and (c) series which have not been shown here for a long time. See the
"Index—Series Finding Guide" for the latest issue in which historical data were published
for each series. Data are seasonally adjusted unless the symbol © (indicating unadjusted
data) follows the series title. Official source agency annual figures ore shown if available.
Such figures are often based on data with more digits or on data which have not been seasonally adjusted; therefore, they may differ slightly from annual figures based on the monthly
or quarterly data shown here. Current figures are shown in the basic data tables of thereport
and may be used to update the tables below.
Quarterly
Quarterly
Year
II Q
1Q
III Q
IV Q
15, PROFITS (AFTER TAXES) PER DOLLAR OF SALES. ALL MFG. CORP.
(CENTS)
Annual
*••
...
.*,
.* .
•* *
6^7
6.5
5*6
6.3
6.4
4,7
lie
$•7
6.3
5.5
1950
1951
1952
1953
1954
5.6
5.7
4.3
4.4
4.3
6.7
5.1
4.1
4,3
4.6
1955
1956
1957
1958
1959
5.2
5.4
5.3
3.6
5.0
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
IQ
II Q
IIIQ
IV Q
67. BANK RATES ON SHORT-TERM BUSINESS LOANS* 35 CITiES 1
(PERCENT)
AVERAGE
1945
1946
1947
1948
1949
Annual
Year
©
AVERAGE
6*2
5.5
6,1
6.4
5.3
1945. . . •
1946. . . .
1947,,,,
1948, . . .
1949....
2.30
2.10
2.10
2.40
2.70
2.30
2.00
2.10
2.47
2.74
2.30
2.00
2.10
2.60
2.63
2.00
2.10
2.10
2.64
2.65
2,22
2.05
2.10
2.53
2.68
6.9
4.2
4.3
4.4
4.5
6.3
4,4
4*4
4.0
4.7
6.4
4.8
4,3
4.3
4.5
1950
1951
1952
1953
1954
2.60
3.02
3.45
3.54
3.72
2.68
3.07
3.51
3.73
3.60
2*63
3.06
3.49
3.74
3.56
2.84
3.27
3.51
3.76
3,55
2*69
3.10
3.49
3.69
3.61
5,4
5.4
4.9
3.7
5.3
5.5
5.0
4.7
4.4
4.6
5*6
5.1
4.3
4*8
4.4
5.4
5.2
4.8
4.1
4.6
1955
1956.....
1957
1958.*..*
1959. ....
3.54
3.93
4.38
4.49
4.51
3.56
4.14
4.40
4.17
4.87
3.77
4.35
4*83
4.21
5.27
3,93
4.38
4.85
4.50
5.36
3.70
4.20
4.62
4.34
5.00
5.0
3.8
4.6
4.4
5.1
4,4
4.2
4.4
4.7
5.2
4.3
4.4
4.5
4.7
5.3
3.9
4.7
4.7
5.0
5.3
4.4
4.3
4.6
4.7
5.2
1960
1961
1962....*
1963.....
1964
5.34
4.97
4.98
5.00
4.99
5.35
4.97
5.01
5.01
4.99
4.97
4.99
4.99
5.01
4.98
4.99
4.96
5.02
5.00
5,00
5.16
4*97
5.00
5.00
4.99
5.6
5.8
5.0
5.1
5.0
5.5
5.7
5,0
5.0
4,9
5.6
5.6
4*9
5.1
4.8
5.6
5.4
5.1
5.1
4.5
5.6
5.6
5.0
5.1
4.8
1965
1966.....
1967*..**
1968
1969
4.97
5.55
6.13
6.36
7.32
4.99
5.82
5.95
6.64
7.86
5.00
6.30
5.95
6.89
8.82
5.27
6.31
5.96
6*61
8.83
5.06
6.00
6.00
6.68
8.21
1970.,...
197 1
1970
1971
110. TOTAL FUNDS RAISED BY PRIVATE NONFINANCIAL BORROWERS
IN CREDIT MARKETS2 (ANNUAL RATE • MILLIONS OF' DOLLARS)
...
.,,
...
. ••
;..
...
857. VACANCY RATE IN TOTAL RENTAL HOUSING
(PERCENT)
AVEKAGE
AVERAGE
1950
1951
1952
1953
1954
,,
••
••
..
••
..
,t
25 080
26 840
20 212
1955
1956
1957
1958
1959
37
38
36
28
42
708
732
300
284
328
38
35
36
26
51
240
204
404
348
772
39
33
30
32
45
292
824
636
032
860
40
34
28
41
36
600
572
192
748
932
36
35
32
32
44
960
563
883
103
223
1955.....
1956.....
1957. ....
1956. ....
1959.....
...
5.6
4.8
5.7
6.1
...
5.4
4.9'
6.0
6.7
...
5.8
5.2
5.8
6.6
,..
5.3
5.3
6.0
6.4
,. *
5.5
5.0
5,9
6.4
1960
1961
1962
1963
1964
47
31
46
49
56
204
108
800
516
380
39
39
47
55
60
980
384
040
804
680
35
41
45
52
61
124
632
240
296
460
33
46
49
57
63
664
352
204
172
364
38
39
47
53
60
993
619
071
697
471
I960*..**
1961
1962. ....
1963,.,..
1964
7.2
8.0
7.7
7.2
7.3
7.3
6.1
7.4
7.5
7.4
7.6
7.9
7.3
7.6
7.7
7.6
'7.7
7.4
7.5
7.5
7.4
7.9
7.4
7.4
7.5
1965
1966
1967
1968
1969
70
74
64
73
97
968
500
556
604
888
66
80
66
72
103
006
780
544
964
028
68
57
71
89
89
708
064
312
596
146
68
47
79
97
85
940
428
588
720
656
68
64
70
83
93
656
943
500
471
930
1965*.*.*
1966* .*.*
1967. ....
1968....*
1969.....
7.7
7.5
6.6
5*5
5.0
7.5
6.6
6.3
5.7
5.1
7.2
6*8
6.4
5.4
5.0
7.7
7.0
5.6
4.9
4.7
7.5
7.0
6.2
5.4
5.0
1945
1946
1947
1948
1949
•• •
...
* **
...
...
.. •
•. *
24 824
24 324
22 776
,.•
26 768
21 428
27 120
.,
..
«.
.*
••
*,,
,* ,
30 456
18 372
29 284
...
•. .
*. *
...
"•
. ..
•• .
26 787
22 741
24 848
1945.....
1946....*
1947
1948
1949
.
.
.
.
1950
1951
1952
1953. ....
1954
..
..
,,
•.
..
,
.
.
.
,* .
...
.* *
...
.*•
..
*.
*.
..
..
...
...
...
...
..
*,
•.
..
,.
*.
..
..
••
..
,,
.,
.,
••
..
.*
..
.*
••
.,
..
*.
.,
*'
1970...,.
1971*.**.
1970
1971
858. INDEX OF OUTPUT PER KAN-HOUR t TOTAL PRIVATE NONFARM 3
(1967=100)
AVEKAGE
034. PROFITS* MANUFACTURING* FNCB— ABOUT ItOOO CORPORATIONS"
(PERCENT RISING OVER 1-QUARTER SPANS)
.. .
...
*. .
54
48
AVERAGE
...
...
•, •
55
40
1945
1946
1947
1948
1949
...
...
55.7
58.0
60.2
.,*
...
57.3
58.7
60.6
,*.
,..
57.3
59.1
62.1
...
...
57.9
59.5
61.4
.,*
...
57.0
SB. 8
01.1
1945.***.
1946.,,*.
1947
1948...*.
1949. * * . ,
...
...
...
52
27
...
...
...
56
32
...
...
...
59
53
1950
1951
1952
1953
1954
64,0
65,1
67.0
68.3
69.3
64.5
65.5
66,6
68,9
70,0
65.6
67.3
66,6
69*2
71.0
65.9
67.4
67.5
69.1
71.5
65.0
&6,3
66,9
b8,9
70.4
1950*** •
1951*.* *
1952... *
1953... .
1954... *
60
46
46
46
57
70
42
39
53
53
75
34
58
47
50
47
55
65
41
52
63
44
52
47
53
1955
1956
1957
1958
1959
73.0
72.6
74,4
74,7
78.8
73,7
73.1
74.5
76,2
79.6
74.1
73.2
75.2
77.4
79.0
73.5
73.7
75.3
78.4
79.8
73.6
73.2
74,8
76.7
79.3
1955*.
1956..
1957..
1958..
1959..
59
52
52
40
58
65
48
46
42
63
53
43
42
71
48
55
52
37
58
48
58
49
44
53
54
1960
1961
1962
1963
1964
80.8
80.2
85.1
88.0
91.7
80.2
82.4
85,5
88.3
92*3
79.9
83.7
86,8
89.6
93.0
80.2
84.4
88*4
90*4
92*4
t>0.3
02.7
06,4
09.1
V2.4
I960.....
1961
1962
1963. ....
1964. ....
52
47
54
50
59
40
60
47
59
59
45
58
48
56
59
47
56
56
55
55
46
55
51
55
58
94.3
98,3
99.9
102.8
103.1
95*6
98.2
100.7
103.2
103.2
96.6
99.2
100.7
103.6
103.3
*5.1
*B,4
100.0
102. 9
103.2
1965...**
1966.....
1967
1968.....
1969. ....
56
59
47
54
52
56
62
49
49
55
57
50
52
56
49
58
51
55
56
50
57
56
51
54
52
1965
1966
1967
1968
1969
93.6
98,0
98.8
101.9
103.2
1970
1971
••
..
..
..
.*
1970
1971
NOTE: Unless otherwise noted, hese series contain no revisions but are reprinted fo • the convenience of the user
for 1945-66 and on 35 cities thereafter,
^his series is based on 19 ci
'Since last shown here, this s>
haa been revised beginning with 1967.
3
Since last shown here, this s
has been revised beginning with 1947.
has been revised beginning with 1966.
"Since last shown here, this se
( A P R I L 1971)
111
Appendix F. Specific Peak and Trough Dates for Selected Cyclical Indicators
Specific dates are listed under the reference cycle dates to which they correspond. Numbers in parentheses indicate leads (•) or
lags (+) of specific dates in relation to reference dates
Specific trough dates corresponding to expansions beginning inSeries
April 1958
February 1961
October 1949
August 1954
LEADING INDICATORS
5. Avg, weekly initial claims, State utfiemploy. insur. (inverted) .
6,
10.
29.
31.
23.
19.
16.
17.
113.
810.
New orders durable goods industries
Contracts and orders plant and ectUipment
New building permits, private housing
Change, mfg. and trade inventories*
Industrial materials prices fr
Stock prices, 500 common stocks . i>
Corporate profits, after taxes (Q) . »
Ratio, price to unit labor cost, mfg»
Change in consumer installment debt
Composite index of 12 leading indicators
ROUGHLY COINCIDENT INDICATORS
41. Employees on nonagricultural payrolls
43. Unemployment rate, total (inverted)
200. GNP in current dollars (Q)
»
205. GNP in 1958 dollars (Q)
;
47. Industrial production
„
52. Personal income
»
56, Manufacturing and trade sales . . . >
54. Sales of retail stores
¥
820. Composite index of 5 coincident indicators
0
LAGGING INDICATORS
44. Unsmploy. rate i!5 weeks and over (inverted)
61. Business expand,,, new plant and eQuip. (Q)
71. Book value, mfg. and trade inventofies. . . „ „
62. Labor cost per unit of output mfg.. >
72. Commercial aid industrial loans outstanding
67. Bank rates on short-term bus. loan$ (Q)
830. Composite index of 6 lagging indicators
„0
43. Unemployment rate, total (inverted)
'49
'49
'49
'49
'49
'49
' 49
'49
'49
'49
'49
'49
'49
(0)
(-3)
(-4)
(-6)
(-9)
(-6)
(«4)
f-4)
(-3)
(-5)
(-9)
(-3)
(+l)
(+3)
(-2)
(-2)
(0)
(-2)
(-1)
(-1)
(0)
Aug.
Sep.
IIQ
IIQ
Apr,
Apr.
Aug.
Jan.
Aug.
«54
'54
'54
f
54
<54
'54
'54
'54
'54
(0)
(+1)
(-3)
(-3)
(-4)
(-4)
(0)
(-7)
(0)
Oct.
Oct.
IVQ
IIQ
Oct.
July
Oat.
NSC
Oct.
'49
'49
'49
'49
'49
'49
'49
(0)
CO)
(+D
(-3)
(0)
(-3)
(0)
'49
(0)
(+4)
(+4)
(+4)
(+14)
(+3)
(+1)
(+4)
Oct. '54
IVQ «54
Oct. ( 54
Sep. '55
Oct. f 54
(
IQ
55
Oct. r 54
(+2)
(+3)
(+2)
(+13)
(+2)
(+6)
(+2)
Nov.
IVQ
Dee.
July
Aug.
IQ
Dee.
'49
'49
'49
'50
'49
'50
'49
Apr.
Apr.
Apr.
Jan.
Mar.
Feb.
Apr.
Apr.
Dec.
IQ
Mar.
Mar.
Feb.
'58
'58
'58
'58
'58
'58
'58
'58
'57
'58
'58
'58
'58
(0)
(0)
(0)
(-3)
(-1)
(-2)
(0)
(0)
(-4)
(-2)
(-1)
(-1)
(-2)
Feb.
May
IVQ
IQ
Feb.
NSC
Jan.
Apr.
Feb.
'61
'61
'60
'61
'61
(0)
(+3)
(-3)
CO)
(0)
'61
'61
'61
(+2)
(0)
May
July
IQ
IQ
Apr.
Feb.
Mar.
Mar.
Apr.
'58
'58
'58
'58
''58
'58
'58
'58
'58
'61
'61
' 61
'61
(+5)
(0)
C+4)
(+7)
'61
'61
(+9)
C+5)
Aug.
IIIQ
Aug.
June
July
IIQ
Aug.
'58
'58
'58
'59
'58
'58
'58
July
IQ
June
Sep.
NSC
IVQ
July
(+1)
(+1)
(+2)
(+9)
(-2)
(+4)
(+2)
Specific peak dates corresponding to contractions beginning inMay 1960
200. GNP in current dollars (Q)
,
205. GNP in 1958 dollars (Q)
47. Industrial production
t
52. Personal income
,
56. Manufacturing and trade sales . . . ,
54. Sales of retail stores
4
820. Composite index of 5 coincident indicators
LAGGING INDICATORS
44. Unemploy, rate, 15 weeks and over (inverted)
61. Business expend., new plant and equip. (Q)
71. Book value, mfg. and trade inventories
62. Labor cost per unit of output, mfg. 4
72. Commercial and industrial loans outstanding
67. Bank rates on short-term bus. loans (Q)
830. Composite index of 6 tagging indicators
Apr.
Oct.
July
June
Apr.
Jan.
Apr .
June
June
IIQ
May
Jan.
May
(-2.)
(0)
(-1)
(-D
(+3)
(-2)
(-2)
(-2)
(-4
(0)
(-1)
(+2)
(-2)
Series
LEADING INDICATORS
1. Avg. workweek, prod, workers, mfg*
5. Avg. weekly initial claims, State unemplov. insur. (inverted).
12. Index of net business formation • • »
6. New orders durable goods industries
10, Contracts and orders, plant and equipment
29. New building permits, private housing
31. Change, mfg. and trade inventories,
23. Industrial materials prices
19. Stock prices, 500 common stocks . t
16. Corporate profits,, after taxes (Q) .t
17. Ratio, price to unit labor cost, mfg* . . *
113. Change in consumer installment debt
810, Composite index of 12 leading indicators
ROUGHLY COINCIDENT INDICATORS
41. Employees on nonagricultural payrofls
(-4)
(+1)
(-5)
(-5)
(-5)
(-11)
(-9)
(-10)
(-11)
(-9)
(-5)
(-5)
(-9)
'60
'61
'61
'61
'61
'60
'60
'60
'60
'61
'61
'61
'60
C:i)
(-6)
Apr. '54
Sep. '54
Mar. '54
Mar. '54
Mar. '54
Sep. '53
Nov. '53
Oct. '53
Sep. '53
IVQ '53
Mar. '54
Mar. '54
Nov. '53
Dec.
'Feb.
Jan.
Jan.
May
Dec.
Dec.
Dec.
Oct.
IQ
Jan.
Apr.
Dec.
Apr.
Apr .
Apr.
Apr.
Sep.
Nov.
Dec.
Nov,
July
IIQ
June
Aug.
Jan.
'59
' 59
'59
'59
'59
'58
'59
'59
'59
'59
'59
'59
'60
Apr.
Feb.
IIQ
IQ
Jan.
NSC
Jan.
Apr.
Feb.
'60
'60
'60
'60
'60
May
IIQ
July
Jan.
NSC
IVQ
May
November 1948
July 1953
July 1957
(-13)
(-13)
(-13
(-13)
(-8)
(-18)
(-5)
(-6)
(-10)
(-12)
(-11)
(-9)
C-4)
Nov.
Sep.
Mar.
Aug.
Nov.
Feb.
Apr.
Dec.
July
IVQ
Oct.
Mar.
Nov.
'55
'55
'55
'56
'56
'55
'56
'55
'56
'55
'55
'55
'56
(-20)
(-22)
-28
(-11)
(-8)
(-29)
(-15)
(-19)
(-12)
(-20)
(-21)
(-28)
(-8)
Mar.
Nov.
Sep.
Jan.
Sep.
Nov.
Jan.
Feb.
Jan.
IIQ
Jan.
Dec.
Jan.
'53
'52
'52
'53
'52
'52
'53
'51
"53
'53
'51
'52
'53
(-4)
(-8)
(-10)
(_ 6 )
(-10)
(-8)
(-6)
(-29)
(-6)
(-2)
(-30)
(-7)
(-6)
Dee.
Jan.
NA
Aug.
June
Oet.
July
Jan.
June
IIQ
June
Mar .
June
C-l)
Mar.
Mar.
IIIQ
IIIQ
Feb.
Aug.
Feb.
Aug.
Aug.
'57
'57
'57
'57
'57
'.57
'57
'57
'57
(-4)
(-4)
(+1)
(+1)
(-5
(+1)
(-5)
(+1)
(+1)
June
June
IIQ
IIQ
July
Oct.
July
Mar.
July
'53
'53
'53
'53
'53
'53
'53
'53
'53
(-1)
(-1)
(-2)
(-2)
(0)
(+3)
(0)
(-4)
(0)
Sep.
NA
IVQ
IVQ
July
Oct.
Aug.
NSC
Oet.
Sep.
IIQ
Sep.
Mar.
Sep.
IVQ
Sep.
'57
'57
'57
'58
'57
'57
'57
(+2)
(-2)
(+2)
(+8)
(+2)
(+4)
(+2)
Oct.
IIIQ
Sep.
Mar.
July
IVQ
Oct.
'53
'53
'53
'54
'53
'53
'53
(+3)
(+1)
(+2)
(+8)
(0)
(+4)
(+3)
Jan.
IVQ
Feb.
Nov.
Aug .
IIQ
Nov.
(-3)
Co)
(-3)
C-4)
'60
'60
'60
M)
(-1)
(-3)
'60
'60
'60
'61
(0)
(0)
(+2)
(+8)
'59
'60
(-6)
(0)
'47
'47
(-11)
(-22)
'48
'48
'47
'40
'48
' 48
'48
'48
' 48
'48
(-3)
(-13)
(-4)
(-10)
(-5)
(-6)
(-5)
(-8)
(-3)
'48
(-2)
'48
'48
'48
'48
'48
(6)
(-•O
'48
(-1)
'49
'48
49
(
48
' 48
'49
'48
(+2)
(0)
M)
(0)
(-3)
(+6)
CO)
(
w5
(0)
NOTE: Specific peaks and troughs mark the dates when individual series reach their cyclical turning points, whereas reference peak and trough dates indicate the cyclical
turning points in business activity as a whole. This table shows, for the 26 series on the NBER "short list " and three composite indexes, the specific peaks and troughs
corresponding to post-World War II business cycles. The determination of specific turning points is largely a subjective matter, and honest disagreement may exist among individual analysts. Therefore, the dates listed above should not be interpreted as being absolute. See Measuring Business Cycles by Burns and Mitchell (NBER- 19,46) for
further information on dating specific peaks and troughs.
———
NA= Not available. This indicates that data necessary to determine a turning point are not available.
NSC = No specific cycle, This indicates that no specific turning point corresponding to the indicated reference date is discernible.
Q o Quarterly series. Leads and lags are measured from middle of quarter to reference date.
112
INDEX
Series Finding Guide
(See table of contents (page i) for chart and table titles)
Current issue
(page numbers)
Series titles (shown in chart/table sequence)
(See complete titles in "Titles and Sources of
Series," following this index)
Charts
Tables
Series
Historical
data
descriptions
(issue date) (issue date)
A. NATIONAL INCOME AND PRODUCT
GNP in 1958 dollars
Implicit price deflator* * «
......
Per capita GNP in current dollars *
Per capita GNP in 1958 dollars
•B2. Production, Income, Consumption, Trade
9,^,38 5,65,71 'Dec. '70 Oct. '69 j
... i9,21,38,56 5,65,71,87 Dec. '70 'Oct. '69
9
'5,65
Dec. '70 'Oct. '69
9
, . .9
10
National income, current dollars
10
Personal income current dollars
10
Disposable personal income, current dol
Disposable personal income, constant dol ... 10
Per capita disposable personal income,
current dollars
, . . 10
227. Per capita disposable personal income,
10
constant dollars
220222.
224.
225.
226.
A3. Personal Consumption Expenditures
230. Total current dollars. ..
231
232
233.
234*
236
237.
11
11
Total constant dol lars
11
Durable goods current dollars
Durable goods, exc, autos, current dollars, . . 11
Automobiles current dollars
. 11
11
Nondurable goods current dollars . . .
11
Services current dollars
5,65
5,65
Oct.
Oct.
'70
'70
Oct.
Oct.
'69
'69
5,65
5,65
5,65
5,65
Oct.
Oct.
Oct.
Oct.
'70
'70
'70
'70
Oct.
Oct.
Oct.
Oct.
'69
'69
'69
'69
5,65
Oct.
'70
Oct.
'69
5,65
Oct.
'70
Oct.
'69
5,66
5,66
5,66
5,66
5,66
5,66
5,66
Oct.
Nov.
Nov.
Nov.
Nov.
Nov.
Nov.
'70
'70
'70
'70
'70
'70
'70
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
'69
'69
'69
'69
'69
'69
'69
*200.
*205
*47
*52
53,
*56.
57.
*54,
Gross private domestic investment, total
Nonresidential fixed investment
Nonresidential structures
Producers' durable equipment
Residential structures
Change in business inventories
12
12
12
12
12
12,26
5,66
5,66
5,66
5,66
5,66
5,66,74
Nov.
Nov.
Nov.
Nov.
Nov.
Nov.
13,47
5,67
5,67
5,67
Nov. '70
Nov. '70'
Nov. '70
'May '69
5,67
5,67
.Nov. '70
Nov. '70
Nov. '70
Dec. '70
Oct.
Oct.
Oct.
Oct.
'70
'70
'70
'70
'70
'70
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
'69
'69
'69
'69
'69
'69
A5. Foreign Trade
252 Exports of goods and services • • *
253. Imports of goods and services
> ' » • 13,49
13,49
May '69
May '69
Federal, State, and local governments ... , 14
14
Federal Government
14,53
National defense
State and local governments
, . .14
5,67,85
5,67
'69
'69
'69
'69
A7. Final Soles and Inventories
15
5,67
Dec.
'70
Oct.
'69
15
15
5,67
5,67
Dec.
Dec.
'70
'70
Oct.
Oct.
'69
'69
15
5,67
Dec.
'70
Oct.
'69
16
16
16
16
16
5,67
5,67
5,67
5,68
5,68
Dec.
Dec.
Dec.
Dec.
Dec.
'70
'70
'70
'70
'70
Oct.
Oct.
Oct.
Oct.
Oct.
'69
'69
'69
'69
'69
17
17
5,68
5,68
Dec.
Dec.
'70
'70
Oct.
Oct.
'69
'69
17
17
17
5,68
5,68
5,68
Dec.
Dec.
Dec.
'70
'70
'70
Oct.
Oct.
Oct.
'69
'69
'69
18,36
18
4. Nonagri. piacemenis, ait inuusuie ........ 18
18
*5. Initial claims, State unemploy. insurance ,. . . 18,36
18
3 Layoff rate manufacturing
6,69
6,69
6,69
6,69
6,69
6,69
Aug.
Aug.
Nonagricultural job openings unfilled . . , . .19
19
Help-wanted advertising
19
Man-hours in nonagri establishments
19,38
Employees on nonagri payrolls
Persons engaged in nonagri. activities..,,.. 19
20,38
Unemployment rate total
20
AVE weekly insured unemploy rate
Unemployment rate, married males
, . . 20
20,39
Unemolov. rate. 15 weeks and over
6,69
6,69
6,70
6,70
6,70
6,70
6,70
6,70
6,70
June ' 70
271. Change in business inventories, durable
goods
274. Final sales, nondurable goods
275. Change in business inventories,
nondurable goods
A8. National Income Components
280.
282.
284.
286.
288.
Compensation of employees
Proprietors' income
Rental income of persons
Corp. profits and inventory valuation adj. ...
Net interest
A9. Saving
290. Gross saving, private and government
292. Personal saving
294. Undistributed corporate profits plus
inventory valuation adjustment
298. Government surplus or deficit
B. CYCLICAL INDICATORS
Bl. Employment and Unemployment
21. Avg. wkly. overtime hrs., prod, workers, mfg.
49.
46
48
*41
42.
*43
45
40,
*44,
1
'70 Aug.
'70
June '70 June
Aug. '70
Aug.
June '70 June
Aug. '70
Aug.
-68
'69
'68
'69
'68
June ' 69
Dec. '70
Aug. '70 ' Aug. '68#
Aug. '68
Aug. '70
Apr. '71
Apr. '71
June ' 69
Dec. '70
Apr. '71
At»r. '71
Series preceded by an asterisk (*) are on the 1966 NBER "short list" of indicators.
GNP in current dollars . .
'9,21,38
GNP in 1958 dollars
9,21,38,56
"21,38,63
Industrial production
21,38
Personal income
Wages, salaries in mining, mfg., constr . . .21
22,38
Manufacturing and trade sales
22
Final sales
22,38
Sales of retail stores
w%»
6,71,99
6,71
6,71
6,71
6,71
6,71
Oct.
Dec. '70
.Dec. '70 Oct.
Nov.
Apr. '70
Aug. '70 July
Aug. '70
July
Nov. '70
Feb.
Aug. '70
July
May '70
'69
'69
'68
'68
'68
'69
'68
23,36
*10. Contracts and orders, plant, equipment . . .23,36
6,72
6,72
6,72
6,72
6,72
'70
Sep.
'681
11.
24.
9.
28,
*29.
New capital appropriations, manufacturing.
New orders, producers' cap. goods Indus ..
Constr. contracts, com. and indus
Private housing starts, total)
New bldg. permits, private housing
6,72
6,72
6,73
6,73
6,73
Aug. '70
Nov. '70
Feb. '70
Sep.
'68
Apr. '71
Apr.
'69
96.
97.
*61.
69.
Unfilled orders, durable goods industries . 25
Backlog of capital approp., manufacturing . 25
Business expend., new plant and equip . . 25,39,40
.
Machinery and equipment sales and
25
business construction expenditures
6,73
6,73
'70
'70
'70
'68
7,73,79
Nov.
Aug.
Apr.
Sep.
Nov.
'68
7,73
Nov.
'70
Sep.
'681
12,26
7,66,74
26,37
7,74
7,74
7,74
7,74
'70
'70
•Feb. '70
Nov. '70
Feb. '70
Oct.
Feb.
'69
'69
Sep.
'68
27
7,74
7,74
7,74
7,74
Feb.
Nov.
Nov.
Nov.
'70
'70
'70
'70
Sep.
Feb.
Sep.
'68
'69
'68
28,37
28,37
28,37
7,75
7,75
7,75
Apr.
'71
Apr.
July '70
Aug.
28
28
7,75
7,75
7,75
Aug. '70
Apr. '71
Aug. '70
Mar. '69
Nov. '68
13. New business incorporations
*6 New orders durable goods industries
23
23,36
23
B4. Inventories and Inventory Investment
245. Change in bus. .inventories, all indus
*31.
37.
20.
26,
Change in mfg. and trade inventories
Purchased materials, higher inventories ..
Change in materials, supplies inventories .
Buying policy, production materials
32,
25.
*71.
65,
Vendor performance, slower deliveries ...
Change in unfilled orders, dur. goods
Book value, mfg. and trade inventories . .
Book value, mfrs.' inven., finished goods .
24
24
24
24
24,36
26
26
26
27
27
.27,39
Feb.
Apr.
Nov.
'70
'71
'70
Sep.
'68
Nov.
June '70
Nov.
Nov.
B5. Prices, Costs, and Profits
A6. Gov. Purchases, Goods and Services
260.
262.
264.
266.
Tables
63. Fixed Capital Investment
A4. Gross Private Domestic Investment
240,.
241*
242243.
244.
245.
Charts
Historical
Series
data
descriptions
(issue date) (issue date)
B. CYCLICAL INDICATORS-Con.
AI. Gross National Product
205
210
21.5
217.
Current issue
(page numbers)
Series titles (shown in chart/table sequence)
(See complete titles in "Titles and Sources of
Series," following this index)
*23 Industrial materials prices
*19, Stock prices, 500 common stocks
'70
'69
May '69
July '68
22. Ratio, profits to income originating,
*17. Ratio, price to unit labor cost, mfg
55. Wholesale prices, indus. commodities
58. Wholesale prices, manufactured goods
68. Labor cost per unit of gross product,
28,37
July '68
29
7,75
29,55
7,75,86
Sep.
Sep.
'70
'70
June '69
June '69
29
7,75
7,75
Aug.
Aug.
'70
'70
Nov.
7,76
7,76
7,76
7,76
'71 Aug. '68
'71 Aug. '68
July '70
July '64
May '70
Feb. '70
Apr. '71
29,39
July '68
'68
B6. Money and Credit
98. Change in money supply and time deposits
30
30
30
*113. Change in consumer installment debt .... 30,37
Jan.
Jan.
112
110.
14.
39.
Chan 56 in business loans- « *«•
Total private borrowing
Liabilities of business failures
Delinquency rate, installment loans
30
31
31
31
7,76
7,76
7,76
7,76
'Apr, '71
93.
114.
116
115.
Free reserves
Treasury bill rate
Corporate bond yields
Treasury bond yields
32
32
32
32
7,77
7,77
7,77
7,77
Mar.
Mar.
Mar.
Mar.
117
66.
*72,
*67.
118.
32
Municipal bond yields
33
Consumer installment debt
33,39
Com, and industrial loans outstanding . . .
Bank rates on short-term bus. loans .... 33,39
33
Mortgage yields, residential
7,77
8,77
8,77
8,77
8,77
Mar.
July '64
Feb. '70
Apr. '71
Mar. '70
July '64
6,78
Feb. '71
Aug.
'70
78
Feb.
Feb.
Aug.
Feb.
Feb.
Feb.
Feb.
Feb.
'71
'71
'70
'71
'71
'71
'71
'71
Aug.
Nov.
Nov.
'70
'68
'68
July '64
July '64
June ' 70
'70
'70
'70
'70
'70
May '70
July '64
July '64
July '64
B7. Composite Indexes
8 10. 12 leading indicators, reverse trend adj . .34
811, 12 leading indicators, prior to reverse
35
trend adjustment
34
820- 5 coincident indicators
34
830. 6 lagging indicators
35
813. Marginal employment adjustments
35
814, Capital investment commitments
815. Inventory investment and purchasing .... 35
35
816 Profitability
35
817. Sensitive financial flows
6,78
6,78
6,78
6,78
6,78
6,78
6,78
#The "number" for this series title was changed since the publication date shown.
113
Series Finding Guide-Continued
(See table of contents (page i) for chart and table titles)
Current issue
(page numbers)
Series titles (shown in chart/table sequence)
(See complete titles in "Titles and Sources of
Series," following this index)
Charts
Tables
Historical
Series
data
descriptions
(issue date) (issue date)
C. ANTICIPATION!! AND INTENTIONS
Tables
Charts
Historical
Serias
. data
descriptions
(issue date) (issue date)
D, OTHER KEY INDICATORS--Con.
Cl. Aggregote Series
61. Bus, expend., new plant and equip .,..„... 25,39,40
410. Manufacturers' sales total
» . . . 41
412. Mfrs,' inventories,1 book value
, . . .41
414. Condition of mfrsi, inventories
* ... 41
41
420. Household income compared to year ago - - • . 42
425, Probability of chango, household income . . . 42
42
435, Index of consumer sentiment
Current issue
(page numbers)
Series titles (shown in chart/table sequence)
(See complete titles in "Titles and Sources of
Series," following this index)
, . . . 42
D4. Price Movements
73,79
79
79
79
79
79
79
79
79
Apr.
'Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
June
Jan.
'70
'71
'71
>71
'71
'71
'71
'70
'71
Nov.
Jfov.
Nov.
Nov.
Nov.
Nov.
Nov.
Nov.
Nov.
'68
'68
'68
'68
'68
'68
'68
'68
'68
781
782
783
784
Consumer price
Consumer price
Consumer price
Consumer price
index
index
index
index
54,62
all items
food
commodities
services
34
. 54
.
54
750. Wholesale price index, atl commodities . . . 55
29,55
751. Wholesale price index, proc. foods, feeds. . 55
55
752 Wholesale price index farm products
8,86
86
86
Sop.
Sop.
Sep.
Sep.
'70 May '69
'70 May '69
'70 Miy '69
'70 Kay '69
8,86
36,75
86
66
Sap,,
Sop,
Sep.
Sep.
'70
'70
'70
'70
as
Juno
Juno
Juno
Juno
'69
'69
' 69
' 69
E. ANALYTICAL MEASURES
C2. Diffusion Indexes
C440, New orders, manufacturing
, . . .43
43
D442. Net profits, manufacturing and trade
43
D444 Net sales manufacturing and trade
D446. Number of emploj'ees, mfg. and trade. ...... 43
D45Q.
0460.
D462.
0464.
0466.
Level of inventories, mfg. and trade
Selling prices, rnfg, aid trade
Selling prices manufacturing
Selling prices, wiolesale trade
Selling prices, retail trade
44
44
44
44
44
45
45
45
D61. Bus. expend., new plant and equip
0480. Freight carloadings
480. Change in freight carloadings
60
80
80
80
80
80
80
80
80
81
81
81
June
June
June
June
June
June
June
June
June
' 70 Nov.
'70 Nov.
'70 Nov.
'70 Nov.
'70
'70
'70
'70
'70
Nov.
Nov.
Nov.
Nov.
Nov.
'68
'68
'68
'68
'68
'68
'68
'68
'68
Apr. '70 Nov. '68
Aug. '70 Nov. '68
June ' 70 Nov. '68
D. OTHER KEY INDICATORS
Dl. Foreign Trode
El. Actuol ond Potentiol GNP
205. Actual GNP in 1958 dollars
206. Potential GNP in 1958 dollars
9, 21,38, 5f 6,65,71, 8r Dee. '70 Oct. '69
56
87
56
3,87
207. GNP gap (potential less actual)
E2. Analytical Ratios
850. Ratio, output to capacity, manufacturing. . . 57
851. Ratio, inventories to sales, mfg. and trade . 57
852, Ratio, unfilled orders to shipments,
57
durables
853. Ratio, prod, of bus, equip, to consumer
854. Ratio, personal saving to disposable
personal income ......
.
.
855. Ratio, nonagricultural job openings
unfilled to persons unemployed
858. Output per man-hour, total private nonfarm .
856. Real avg, hourly earnings, prod, workers . .
859. Real spendable average weekly earnings,
nonagri. production or nonsupv. workers. .
857. Vacancy rate, total rental housing
8,88
8,88
Jan, '71
New, '70 Feb.
Nov. '70 Sop. '68
57
8,88
Apr.
56
8,88
Aufl. '70
58
58
58
8,88
0,88
e,aa
Foto. '70
Apr. '71 Juno '68
Apr. '71 Juno "68
58
8,88
8,88
Apr. '71 Jxino '68
Apr. '71
'70
'71
'70
»71
'70 May '69
'71 Apr. '69
'70 Juno '69
'70
'70
'71 Jxmo '69
'71
46
46
8,82
8,82
July '70 May '69
July '70 •May '69
46
46
46
8,82
8,82
8,62
Feb. '70 Aug. '68$ E3. Diffusion Indexes
Dl. Average workweek, prod, workers, mfg
June '70
06. New orders, durable goods industries
July '70 May '69
89,92
89,92
47
8,83
Aug.
522. U.S. bal. of pruts,, official settlements
47
basis
525. Net capital movements, liquidity bal. basis. . 47
527. Net capital movements, official settlements
'70 May '69
8,83
83
Aug.
Aug.
'70 May '69
'70 May '69
90
90,93
90,94
90,94
Otrt.
Apr.
Aug.
Apr.
Deo.
Jan.
Oct.
47
13,47
83
83
Aug.
Aug.
'70 May '69
'70 M©y '69
91,95
91,95
91,96
91,97
Oct.
May
Jan.
Jan.
506. Export orders, dur. goods exc. motor
508. Export orders, nonelectrical machinery
512 General i nicer ts »
»*
D2. Balance of Payments and Components
250. Balance on goods and services
530. Liquid liabilities to foreigners
532. Liquid and nontiquid liabilities to foreign
official agencies
534. U.S. official reserve assets
535. Allocations of SOR's
252. Exports of goods and services
253, Imports of goods and services,
540. Investment income, military sales, and
S3
Aug. '70 May '69
S3
83
Aug.
Aug.
'70 May '69
'70 Mesy '69
13,49
13,49
83
83
Aug.
Aug.
'70 May '69
'70- May '69
49
49
83
83
Aug.
Aug.
'70 May '69
'70 May '69
49
as
83
Aug.
'70 May '69
49
50
50
83
04
84
Aug.
Sep.
Sep.
'70 May '69
'70 May '69
'70 May '69
50
50
50
50
50
Payments, transportation and services ..... 50
51
U.S. direct inveslments abroad
51
Foreign direct inwstnents in U.S
51
U.S, purchases ol foreign securities
51
Foreign purchases of U.S. securities
51
Govt grants and capital transactions .
51
Banking and other capital transactions
84
84
84
84
84
84
Sep.
Sep.
Sep.
Sep.
Sep.
Sep.
'70
'70
'70
'70
'70
'70
May
May
May
May
May
May
'69
'69
'69
'69
'69
'69
84
84
84
84
84
84
Sep.
Sep.
Sep.
Sep.
Get.
Oct.
'70
'70
'70
'70
'70
'70
May
May
May
May
May
May
'69
'69
'69
'69
'69
'69
B,85
8,85
0,85
6,67,85
8,85
8,85
8,85
8,85
8,65
Aug.
Aug.
Aug.
Nov.
Dee.
Dee.
Dec.
Dee.
Apr.
'70
'70
'70
'70
'70
'70
'70
'70
'71
July
July
July
Oct.
542 Income on U S investments abroad
543. Income on foreign investments in U.S
*
D3. Federal Government Activities
600. Fed, balance, nal;'l income and prod. acct. . . 52
601. Fed. receipts, nat'l income and prod, acct - - 52
602. Fed. expend., nali'l income and prod. acct. . . 52
621. Defense Dept. obligations, procurement
647. New orders, defense products industries
14,53
53
53
53
53
53
# The "number" for Mis series title was changed since the publication date shown,
114
—
60
60
60
60
S9
'70
Nov.
'68
July '68
E5- Rotes of Change
61
200. GNP in current dollars
61
205. GNP in constant dollars
*
820, Composite index of 5 coincident indicators. 61
Doe. '70 Get. '69
Dee. '70 Oet* '69
Mov. '70 Nov. '68
61
* . . 61
54. Sales of retail stores
52. Personal income
55. Index of whsle. prices, indus. commodities
781 Index of consumer orices all items
61
61
61
61
lev.
Nov.
Nov.
Nov.
Nov.
'70
'70
'70
'70
'70
July '60
Nev . ' 68
June '69
May '69
F. INTERNATIONAL COMPARISONS
541. Foreigners' investment income, military
549.
561.
560.
565.
564.
570.
575.
48
48
48
SB
59
59
59
59
034 Profits manufacturing
59
D19. Stock prices, 500 common stocks
59
05. Initial claims, State unemploy, insurance. . 59
041, Employees on nonagri. payrolls
047, Industrial production
D58. Wholesale prices, manufactured goods
'69
F1. Consumer Price Indexes
781. United States
133. Canada
135, West Germany
136. France
138. Japan
137. Italy
F2. Industrial Production Indexes
47 United States
123
122
126
125.
128.
121.
127.
Canada
United Kingdom
France . . .
West Germany
Japan
OECD European countries
Italy
'68#
'68# F3. Stock Price Indexes
'68#
19. United States
'69
143 Canada ... ...
Sei.'*'68#
142
146.
145.
148.
147.
United Kingdom ....
France
West Germany
Japan
Italy
...
»
54,62
62
62
62
62
62
62
98
98
98
98
98
98
98
Sep.
Apr.
Apr.
Apr.
Apr.
Apr.
Apr.
'70 May '69
'71
'71
'71
'71
'71
'71
21,38,63
63
63
63
63
63
63
63
99
99
99
99
99
99
99
99
Apr.
Bee.
Dca.
Doe.
Dec.
Boa.
Dee.
Dee.
'70 Nov.
'69
'69
*69
'69
'69
'69
'69
64
64
64
64
64
64
64
100
100
100
100
100
100
100
Apr.
Apr.
Apr.
Apr.
Apr.
Apr.
Apr,
'71 May '69
'71
'71
'71
'71
'71
f 71
'68
Titles and Sources of Series
Within each of the six sections, series are listed in numerical order.
The numbers assigned to the series are for identification purposes
only and do not reflect series relationships or order. "M" indicates
monthly series; "Q" indicates quarterly series. Data apply to the
whole period except for series designated by "EOIYT (end of the
month) or "EOQ" (end of the quarter).
The alphabetic-numeric designations following the series titles indicate all charts and tables in which the series may be found. See the
table of contents for chart and table titles and Series Finding Guide
for page numbers. The series in section B preceded by an asterisk
(*) are included in the 1966 NBER "short list" of indicators, chart
B8. Unless otherwise indicated, all series which require seasonal
adjustment have been adjusted by their source.
The "D" preceding a number indicates a diffusion index. Diffusion
indexes and corresponding aggregate series bear the same number and
are obtained from the same sources.
244. Gross private domestic fixed investment, residential structures
(Q), -- Department of Commerce, Office of Business Economics
(A4)
245. Gross private domestic investment, change in business inventories after valuation adjustment, all industries (Q). » Department of Commerce, Office of Business Economics
(A4, B4)
250. Balance on goods and services, excluding transfers under
military grants (Q). -- Department of Commerce, Office of
Business Economics
(A5, D2)
252. Exports of goods and services, excluding transfers under
military grants (Q). -- Department of Commerce, Office .of
Business Economics
(A5, 02)
253. Imports of goods and services (Q). -- Department of Commerce,
Office of Business Economics
(A5, D2)
260. Government purchases of goods and services, total (Q). -Department of Commerce, Office of Business Economics
(A6)
A National Income and Product
200. Gross national product in current dollars (Q),, - Department of
Commerce, Office of Business Economics
(Al, B2, 88, E5)
205. Gross national product in 1958 dollars (Q). -- Department of
Commerce, Office of Business Economics (Al, B2r 88, El, E5)
210. Implicit price deflator, gross national product (Q). -- Department of Commerce, Office of Business Economics
(Al)
215. Per capita gross national product in currert dollars (Q). -•
Department of Commerce, Office of Business Economics and
Bureau of the Census
(Al)
217. Per capita gross national product in 1958 dollars (Q). -- Department of Commerce, Office of Business Economics and Bureau
of the Census
(Al)
220. National income in current dollars (Q). -- Department of Commerce, Office of Business Economics
(A2)
222. Personal income in current dollars (Q). - Department of Commerce, Office of Business Economics
(A2)
224. Disposable personal income in current dollars (Q). -- Department
of Commerce, Office of Business Economics
(A2)
225. Disposable personal income in 1958 dollars (Q). -- Department
of Commerce, Office of Business Economics
(A2)
226. Per capita disposable personal income in current dollars (Q). -Department of Commerce, Office of Business Economics
(A2)
227. Per capita disposable personal income in 1958 dollars (Q). -Department of Commerce, Office of Business Economics
(A2)
230. Personal consumption expenditures, total, in current dollars
(Q). -- Department of Commerce, Office of Business Economics
(A3)
231. Personal consumption expenditures, total, in 1958 dollars (Q). -Department of Commerce, Office of Business Economics
(A3)
232. Personal consumption expenditures, durable goods, in current
dollars (Q). -- Department of Commerce, Office of Business
Economics
(A3)
262. Federal Government purchases of goods and services, total
(Q). -- Department of Commerce, Office of Business Economics
(A6)
264. Federal Government purchases of goods and services, national
defense (Q). -- Department of Commerce, Office of Business
Economics
(A6,03)
13. Number of new business incorporations (M). -- Dun and Bradstreet, Inc.; seasonal adjustment by Bureau of the Census and
National Bureau of Economic Research, Inc.
(B3)
271. Change in business inventories, durable goods (Q). -- Department of Commerce, Office of Business Economics
(A7)
14. Current liabilities of business failures (M). street, Inc.
274. Final sales, nondurable goods (Q). -- Department of Commerce,
Office of Business Economics
(A7)
15. Profits (after taxes) per dollar of sales, all manufacturing
corporations (Q). -- Federal Trade Commission and Securities
and Exchange Commission; seasonal adjustment by Bureau of
the Census
(B5)
275. Change in business inventories, nondurable goods (Q).. Department of Commerce, Office of Business Economics
(A7)
282. Proprietors' income (Q). -- Department of Commerce, Office of
Business Economics
(A8)
*17. Index of price per unit of labor cost -- ratio, index of
wholesale prices of manufactured goods (unadjusted) to
seasonally adjusted index of compensation of employees
(sum of wages, salaries, and supplements to wages and
salaries) per unit of output (M). -- Department of Commerce,
Office of Business Economics; Department of Labor, Bureau
of Labor Statistics; and Board of Governors of the Federal
Reserve System
(B5, B8)
284. Rental income of persons (Q). --Department of Commerce, Office
of Business Economics
(A8)
286. Corporate profits and inventory valuation adjustment (Q). -Department of Commerce, Office of Business Economics
(A8)
288. Net interest (Q). -- Department of Commerce, Office of Business
Economics
(A8)
290. Gross saving -- private saving plus government surplus or
deficit (Q). -- Department of Commerce, Office of Business
Economics
(A9)
292. Personal saving (Q). -- Department of Commerce, Office of
Business Economics
(A9)
298. Government surplus or deficit, total (Q). -- Department of
Commerce, Office of Business Economics
(A9)
243. Gross private domestic fixed investment, producers' durable
equipment (Q). -- Department of Commerce, Office of Business
Economics
(A4)
(B6)
*16. Corporate profits after taxes (Q)0 -- Department of Commerce,
Office of Business Economics
(B5, B8)
236. Personal consumption expenditures, nondurable goods, in
current dollars (Q). -- Department of Commerce, Office of
Business Economics
(A3)
242. Gross private domestic fixed investment, nor residential structures (Q). -- Department of Commerce, Office of Business
Economics
(A4)
Dun and Brad-
280. Compensation of employees (Q). -- Department of Commerce,
Office of Business Economics
(A8)
296. Capital consumption allowances, corporate and noncorporate
(Q). -- Department of Commerce, Office of Business Economics
(A4)
11. Newly approved capital appropriations, 1,000 manufacturing
corporations (Q).--The Conference Board
(B3,E3)
270. Final sales, durable goods (Q). -- Department of Commerce,
Office of Business Economics
(A7)
234. Personal consumption expenditures, automobiles, in current
dollars (Q). -- Department of Commerce, Office of Business
Economics
(A3)
241. Gross private domestic fixed investment, total nonresidential
(Q). -- Department of Commerce, Office of Business Economics
*10. Contracts and orders for plant and equipment (M). -- Department
of Commerce, Bureau of the Census, and McGraw-Hill Information
Systems Company; seasonal adjustment by Bureau of the Census
thru May 1970 and by source agency thereafter.
(B3, B8)
*12. Index of net business formation (M). -- Dun and Bradstreet,
Inc., and Department of Commerce, Bureau of the Census; seasonal adjustment by Bureau of the Census and National Bureau
of Economic Research, Inc.
(B3, B8)
234. Undistributed corporate profits plus inventory valuation adjustment (Q). -- Department of Commerce, Office of Business
Economics
(A9)
240. Gross private domestic investment, total (Q), -- Department of
Commerce, Office of Business Economics
(A4)
9. Construction contracts awarded for commercial and industrial
buildings, floor space (M).--McGraw-Hill Information Systems
Company; seasonal adjustment by Bureau of the Census and
National Bureau of Economic Research, Inc. (Used by permission.
This series may not be reproduced without written permission
from the source.)
(B3)
266. State and local government purchases of goods and services,
total (Q). -- Department of Commerce, Office of Business
Economics
(A6)
233. Personal consumption expenditures, durable goods except
automobiles, in current dollars (Q). -- Department of Commerce,
Office of Business Economics
(A3)
237. Personal consumption expenditures, services, in current
dollars (Q). -- Department of Commerce, Office of Business
Economics
(A3)
*5. Average weekly initial claims for unemployment insurance,
State programs (M), -- Department of Labor, Manpower Administration; seasonal adjustment by Bureau of the Census
(Bl, E3, E4)
*6. Value of manufacturers' new orders, durable goods industries
(M). --Department of Commerce, Bureau of the Census
(B3, B8, E3, E4)
8. Index of construction contracts, total value (M). -• McGrawHill Information Systems Company. (Used by permission.
This series may not be reproduced without written permission
from the source.)
(B3)
(A9)
20. Change in book value of manufacturers' inventories of materials
and supplies (M). -- Department of Commerce, Bureau of the
the Census
(B4)
21. Average weekly overtime hours of production workers, manufacturing (M). --Department of Labor, Bureau of Labor Statistics
(Bl)
22. Ratio of profits (after taxes) to income originating, corporate,
all industries (Q). -- Department of Commerce, Office of Business Economics
(65)
*23. Index of industrial materials prices (M). -- Department of Labor,
Bureau of Labor Statistics
(B5, B8, E3, E4)
24. Value of manufacturers' new orders, producers' capital goods
industries (M). -- Department of Commerce, Bureau of the
Census
(B3)
25. Change in manufacturers' unfilled orders, durable goods industries (M). -- Department of Commerce, Bureau of the Census
B Cyclical Indicators
(B4)
*1. Average workweek of production workers, manufacturing (M), -Department of Labor, Bureau of Labor Statistics
(Bl, B8, E3, E4)
2. Accession rate, manufacturing (M).
Bureau of Labor Statistics
*19. Index of stock prices, 500 common stocks (M). -- Standard and
Poor's Corporation
(B5, Bfc, 13, E4, F3)
Department of Labor,
(Bl)
3. Layoff rate, manufacturing (M). — Department of Labor, Bureau
of Labor Statistics
(Bl)
4. Nonagricultural placements, all industries (M). •• Department
of Labor, Manpower Administration; seasonal adjustment by
Bureau of the Census
(Bl, B8)
26. Buying policy - production materials, percent of companies
reporting commitments 60 days or longer (M). - National
Association of Purchasing Management
(B4)
28. New private housing units started, total (M). -- Department of
Commerce, Bureau of the Census
(B3)
*29. Index of new private housing units authorized by local building
permits (M). -- Department of Commerce, Bureau of the Census
<B3 t B8)
*31. Change in book value of manufacturing and trade inventories,
total (M). -- Department of Commerce, Office of Business Economics and Bureau of the Census
(B4, B8)
Continued on reverse
115
Titles and Sources of Series
(Continued from page 115)
32. Vendor performance percent of companies reporting slower
deliveries (M). •- Purchasing Management Association of
Chicago
(B4)
33. Net change in mortgage; debt held by financial institutions and
life insurance companies (M)- - Institute of Life Insurance;
Federal National Mortgage Association; Department of Housing
and Urban Development, Government National Mortgage Association; National Association of Mutual Savings Banks; U.S.
Savings and Loan League; and Board of Governors of the
Federal Reserve System; seasonal adjustment by Bureau of
the Census.
(B6)
37. Percent of companies reporting higher Inventories of purchased materials (M). -- National Association of Purchasing
Management; seasonal adjustment by Bureau of the Census
(B4)
39. Percent of consumer installment loans delinquent 30 days and
over (EOM). •• American Bankers Association; seasonal adjustment by Bureau of l,he Census and National Bureau of Economic
Research, Inc. (Birronthly since December 1964)
(B6)
40. Unemployment rate, married males, spouse present (M). -Department of Labor, Bureau of Labor Statistics, and Department of Commerce, Bureau of the Census
(Bl)
*41. Number of employees on nonagricultural payrolls, establishment
survey (M). - Department of Labor, Bureau of Labor Statistics
(Bl, B8r E3, E4)
42. Total number of persons engaged in nonagricultural activities,
labor force survey (HI). - Department of Labor, Bureau of Labor
Statistics, and Department of Commerce, Bureau of the Census
(Bl)
*43. Unemployment rate, total (M). - Department of Labor, Bureau
of Labor Statistics, and Department of Commerce, Bureau of
the Census
(Bl, B8)
*44, Unemployment rate 15 weeks and over (M). -- Department of
Labor, Bureau of Labor Statistics, and Department of Commerce,
Bureau of the Census
(Bl, B8)
45. Average weekly insured unemployment rate, State programs
(M). •- Department of Labor, Manpower Administration
(Bl)
46. Index of.help-wanted advertising in newspapers (M).-The Con
ference Board
(Bl)
*47, Index of industrial production (M). - Board of Governors of the
Federal Reserve System
(82, B8, E3, E4, E5, F2)
48. Man-hours in nonagricultural establishments (M). -- Department
of Labor, Bureau ol Labor Statistics
(Bl, E5)
68. Labor cost (current dollars) per unit of gross product (1958
dollars), nonfinancial corporations -- ratio of current-dollar
compensation of employees to gross corporate product in
1958 dollars (Q). -- Department of Commerce, Office of
Business Economics
(B5)
69. Manufacturers' machinery and equipment sales and business
construction expenditures (industrial and commercial construction put in place) (M). -- Department of Commerce, Bureau of
the Census
(B3)
*71. Manufacturing and trade inventories, total book value (EOM). -Department of Commerce, Office of Business Economics and
Bureau of the Census
(B4, BB)
*72. Commercial and industrial loans outstanding, weekly reporting
large commercial banks (EOM). -* Board of Governors of the
Federal Reserve System; seasonal adjustment by Bureau of
the Census
(B6, B8)
85. Percent change in total U.S. money supply (demand deposits
plus currency) (M). -• Board of Governors of the Federal
Reserve System
(86)
93. Free reserves (member bank excess reserves minus borrowings) (M). -• Board of Governors of the Federal Reserve System
(B6)
96. Manufacturers' unfilled orders, durable goods industries
(EOM). •- Department of Commerce, Bureau of the Census (B3)
97. Backlog of capital appropriations, manufacturing (EOQ). -The Conference Board
(B3)
98. Percent change in total U.S. money supply (demand deposits
plus currency) and commercial bank time deposits (M). -Board of Governors of the Federal Reserve System
(B6)
110. Total funds raised by private nonfinancial borrowers in credit
markets (Q). -- Board of Governors of the Federal Reserve
System
(B6)
112. Net change in bank loans to businesses (M). -- Board of
Governors of the Federal Reserve System; seasonal adjustment by Bureau of the Census
(B6)
•113. Net change in consumer installment debt (M). -- Board of
Governors of the Federal Reserve System
(B6r 68)
114. Discount rate on new issues of 91-day Treasury bills (M). -Board of Governors of the Federal Reserve System
(66)
115. Yield on long-term Treasury bonds (M). -- Treasury Department
(B6)
116. Yield on new,issues of high-grade corporate bonds (M). •- First
National City Bank of New York and Treasury Department(B6)
117. Yield on municipal bonds, 20-bond average (M). -- The Bond
Buyer
(B6)
118. Secondary market yields on FHA mortgages (M). - Department
of Housing and Urban Development, Federal Housing Administration
(B6)
49. Nonagricultural job openings unfilled (EOM)- •• Department of
Labor,Manpower Administration;seasonal adjustment by Bureau
of the Census
(Bl)
*200. Gross national product in current dollars (Q). See in section A.
*52. Personal Income ON). - Department of Commerce, Office of
Business Economics
(B2, B8, E5)
53. Wage and salary income in mining, manufacturing, and construction (M). -- Department of Commerce, Office of Business Economics
(B2)
245. Change in business inventories (GNP component) (Q). See
in section A.
810. Twelve leading indicators - reverse trend adjusted composite
index (includes series 1, 5, 6, 10, 12, 16t 17, 19, 23, 29, 31,
and 113) (M). -- Department of Commerce, Bureau of the Census
*54. Sales of retail stones (HI). • Department of Commerce, Bureau
of the Census
(B2, B8, E3, E4, E5)
55. Index of wholesale prices, industrial commodities (M).-- Department of Labor, Bureau of Labor Statistics
(B5, E5)
*56. Manufacturing and trade sales (M). <- Department of Commerce,
Office of Business Economics and Bureau of the Census
(B2, B8)
57. Final sales (series 200 minus series 245) (Q). -- Department of
Commerce, Office of Business Economics
(B2)
58. Index of wholesale prices, manufactured goods (M). - • Department of Labor, Bureau of Labor Statistics
(B5, 04, E3, E4)
*61. Business expenditures for new plant and equipment, total (Q).-Department of Commerce, Office of Business Economics, and
the Securities and Exchange Commission
(B3, B8, Cl, C2)
*62. Index of labor cost per unit of output, total manufacturing-ratio, index of compensation of employees in manufacturing
(the sum of wage:; and salaries and supplements to wages
and salaries) to index of industrial production, manufacturing
(M). -- Department of Commerce, Office of Business Economics,
and the Board of Governors of the Federal Reserve System
{B5 t B8)
65. Manufacturers' inventories of finished goods, book value all
manufacturing industries (EOM). — Department of Commerce,
Bureau of the Census
(B4)
66. Consumer installment debt (EOM). - Board of Governors of the
Federal Reserve Systen. FRS seasonally adjusted net change
added to seasonally adjusted figure for previous month to obtain
current figure
(B6)
*67. Bank rates on start-tarn business loans, 35 cities (Q). -Board of Governors )f the Federal Reserve System
(B6, B8)
116
*205. Gross national product in 1958 dollars (Q). See in section A.
(B7)
811. Twelve leading indicators - composite index prior to reverse
trend adjustment (includes series 1, 5, 6, 10, 12, 16, 17, 19,
23, 29, 31, and 113) (M). -- Department of Commerce, Bureau of
the Census
(B7)
813. Marginal employment adjustments -- leading composite index
(includes series 1, 2, 3, and 5) (M). -- Department of Commerce,
Bureau of the Census
(B7)
814. Capital investment commitments « leading composite index
(includes series 6, 10, 12, and 29) (M). - Department of
Commerce, Bureau of the Census
(B7)
15. Inventory investment and purchasing « leading composite
index (includes series 23, 25, 31, and 37) (M). •- Department
of Commerce, Bureau of the Census
(B7)
816. Profitability -- leading composite index (includes series 16,
17, and 19) (M). - Department of Commerce, Bureau of the
Census
(B7)
817. Sensitive financial flows -- leading composite index (includes
series 33, 85,112, and 113) (M). -- Department of Commerce,
Bureau of the Census
(B7)
820. Five coincident indicators -- composite index (includes series
41, 43, 47, 52, and 56) (M). - Department of Commerce, Bureau
of the Census
(B7, E5)
830. Six lagging indicators -- composite index (includes series 44,
61, 62, 67, 71, 72) (M). •- Department of Commerce, Bureau of
the Census
(B7)
C Anticipations and Intentions
61. Business expenditures for new plant and equipment, all industries (Q). See in section B.
410. Manufacturers' sales, total value (Q). - Department of Commerce. Bureau of the Census and Office of Business Economics
(Cl)
412. Manufacturers' inventories, total book value (EOQ). - Depart
ment of Commerce, Bureau of the Census and Office of Business Economics
(Cl)
414. Percent of total book value of inventories held by manufacturers classifying their holdings as high, less percent classifying holdings as low (EOQ).» Department of Commerce, Off ice
of Business Economics
(Cl)
416. Percent of total gross capital assets held by companies classifying their existing capacity as inadequate for prospective
operations over the next 12 months, less percent classifying
existing capacity as excessive-(EOQ), - Department of Commerce, Office of Business Economics
(Cl)
420. Current income of households compared to income a year ago
(percent higher, lower, and unchanged) (Q). -- Department of
Commerce, Bureau of the Census
(Cl)
425. Mean probability (average chances in 100) of substantial
changes (increase, decrease, and increase less decrease) in
income of households (Q). •• Department of Commerce, Bureau
of the Census
(Cl)
430. Number of new cars purchased by households (Q).-- Department
of Commerce, Bureau of the Census
(Cl)
435. Index of consumer sentiment (Q). - University of Michigan,
Survey Research Center
(Cl)
0440. New orders, manufacturing (Q). -- Dun and Bradstreet, Inc.
(Used by permission. This series may not be reproduced without written permission from the source.)
(C2)
D442. Net profits, manufacturing and trade (Q). - Dun and Bradstreet,
Inc. (Used by permission. This series may not be reproduced
without written permission from the source.)
(C2)
D444. Net sales, manufacturing and trade (Q;. -- Dun and Bradstreet,
Inc. (Used by permission. This series may not be reproduced
without written permission from the source.)
(C2)
D446. Number of employees, manufacturing and trade (Q). •- Dun and
Bradstreet, Inc. (Used by permission. This series may not be
reproduced without written permission from the source.) (C2)
D450. Level of inventories, manufacturing and trade (Q). - - Dun and
Bradstreet, Inc. (Used by permission. This series may not be
reproduced without written permission from the source.) (C2)
D460. Selling prices, manufacturing and trade (Q). -- Dun and Bnd
street, Inc. (Used by permission. This series may not be
reproduced without written permission from the source,) (C2)
0462. Selling prices, manufacturing (Q). -- Dun and Bradstreet, Inc.
(Used by permission. This series may not be reproduced without written permission from the source.)
(C2)
D464. Sell ing prices, wholesale trade (Q). - Dun and Bradstreet,
Inc. (Used by permission, This series may not be reproduced
without written permission from Hie source.)
(C2)
0466. Selling prices, retail trade (Q). -- Dun and Bradstreet, Inc.
(Used by permission. This series may not be reproduced without written permission from the source.)
(C2)
D480. Freight carloadings (Q). -- Association of American Railroads
(CZ)
480. Change in freight carloadings (Q). - Association of American
railroads
(C2)
Other Key Indicators
58. Index of wholesale prices, manufactured goods (M). See in
section B.
250. Balance on goods and services, excluding transfers under
military grants: U.S. balance of payments (Q). -- See in
section A.
252. Exports of goods and services, excluding transfers under military grants; U.S. balance of payments (Q).--Se@ in section A.
253. Imports of goods and services:
(Q).--See in section A.
U.S. balance of payments
264. Federal Government purchases of goods and services, national
defense (Q). •• See in section A.
500. Merchandise trade balance (Series 502 minus series 512) (IB).Department of Commerce, Bureau of the Census
(01)
502. Exports, excluding military aid shipments, total (M). -- Depart
ment of Commerce, Bureau of the Census
(01)
Titles and Sources of Series
(Continued from page 116)
506. Manufacturers' new orders for export, durable goods except
motor vehicles and parts (M). - Department of Commerce,
Bureau of the Census
(Dl)
564. Foreign purchases of U.S. securities: U.S. balance of payments (Q). - Department of Commerce, Office of Business
Economics
(D2)
854. Ratio, personal saving to disposable personal income (series
292 divided by series 224) (Q). -- Department of Commerce,
Office of Business Economics
(E2)
565. U.S. purchases of foreign securities: U.S. balance of payments (Q). •- Department of Commerce, Office of Business
Economics
(D2)
855. Ratio, non agricultural job openings unfilled (series 49) to
number of persons unemployed ((HI). -- Department of Labor,
Manpower Administration and Bureau of Labor Statistics; and
Department of Commerce, Bureau of the Census
(E2)
570. Government grants and capital transactions, net: U.S. balance
of payments (Q). -- Department of Commerce, Office of Business Economics
(02)
512. General imports, total (M). -- Department of Commerce, Bureau
of the Census
(Dl)
575. Banking and other capital transactions, net: U.S. balance of
payments (Q). -- Department of Commerce, Office of Business
Economics
(D2)
856. Real average hourly earnings of production workers in manufacturing, 1957-59 dollars (M), -- Department of Labor, Bureau
of Labor Statistics
(E2)
857. Vacancy rate in rental housing -- unoccupied rental housing
units as a percent of total rental housing (Q). -- Department
of Commerce, Bureau of the Census
(E2)
520. U.S. balance of payments on liquidity balance basis (change in
U.S. official reserve assets and change in liquid liabilities to
all foreigners) (Q). •• Department of Commerce, Office of
Business Economics
(D2)
600. Federal Government surplus or deficit, national income and
product accounts (Q). -- Department of Commerce, Office of
Business Economics
(D3)
858. Index of output per man-hour, total private nonfarm (Q). Department of Labor, Bureau of Labor Statistics
(E2)
508. Index of export orders for nonelectrical machinery (M). •McGraw-Hill, Department of Economics; seasonal adjustment by
Bureau of the Census
(01)
522. U.S. balance of payments on official settlements basis (change
in U.S. official reserve assets, and change in liquid and
•certain nonliquid liabilities to foreign monetary official
agencies) (Q). -- Department of Commerce, Office of Business
Economics
(D2)
525. Net capital movements (plus unilateral transfers -- except
military grants -- and errors and omissions) on liquidity
balance basis: U.S. balance of payments (Q). •- Department of
Commerce, Office of Business Economics
(D2)
527. Net capital movements (plus unilateral transfers -- except
military grants -- and errors and omissions) on official settlements basis: U.S. balance of payments (Q). -- Department of
Commerce, Office of Business Economics
(D2)
530. Liquid liabilities (excluding military grants) to all foreigners,
total outstanding: U.S. balance of payments (EOQ). -- Department of Commerce, Office of Business Economics
(02)
532. Liquid and certain non liquid liabilities (excluding military
grants) to foreign official agencies, total outstanding: U.S.
balance of payments (EOQ). -- Department of Commerce, Office
of Business Economics
(D2)
534. U.S. official reserve (assets) position, excluding military
grants: U.S. balance of payments (EOQ). •- Department of
Commerce, Office of Business Economics
(D2)
535. Allocations to the U.S. of Special Drawing Rights: U.S. balance
of payments (Q). - Department of Commerce, Office of Business
Economics
(D2)
536. Merchandise exports, adjusted, excluding military grants: U.S.
balance of payments (Q). -• Department of Commerce, Office of
Business Economics
(D2)
537. Merchandise imports, adjusted, excluding military: U.S. balance
of payments (Q).-- Department of Commerce, Office of Business
Economics
(02)
540. U.S. investment income, military sales, anil other services
exports, excluding military grants: U.S. baUnce of payments
(Q). -- Department of Commerce, Office of Business Economics
(D2)
541. Foreigners' investment income, military expenditures and other
services imports: U.S. balance of payments (Q). -- Department
of Commerce, Office of Business Economics
(02)
542. Income on U.S. investments abroad: U.S. balance of payments
(Q). -- Department of Commerce, Office of Business Economics
(02)
543. Income on foreign investments in the U.S.: U.I balance of payments (Q). -- Department of Commerce, Office of Business
Economics
(D2)
544. Receipts from foreign travelers in the U.S.: U.S. balance of
payments (Q). •• Department of Commerce, Office of Business
Economics
(D2)
545. Payments by U.S. travelers abroad: U.S. balance of payments
(Q). -- Department of Commerce, Office of Business Economics
(D2)
54S. Military sales to foreigners: U.S. balance of payments (Q). -Department of Commerce, Office of Business Economics (02)
547. U.S. military expenditures abroad: U.S. balance of payments
(Q), -- Department of Commerce, Office of Business Economics
(D2)
548. Receipts for transportation and other services: U.S. balance
of payments (Q). -- Department of Commerce, Office of Business
Economics
^
(02)
549. Payments for transportation and other services: U.S. balance
of payments (Q).--Department of Commerce, Office of Business
Economics
(D2)
560. Foreign direct investments in the U.S.: U.S. balance of payments (Q). -- Department of Commerce, Office of Business
Economics
(02)
561. U.S. direct investments abroad: U.S. balance of payments (Q). -Department of Commerce, Office of Business Economics (02)
601. Federal Government receipts, national income and product
accounts (Q). -• Department of Commerce, Office of Business
Economics
(03)
602. Federal expenditures, national income and product accounts
(Q). -- Department of Commerce, Office of Business Economics
859. Real spendable average weekly earnings of production or nonsupervisory workers (with 3 dependents) on private nonagricultural payrolls, 1957-59 dollars (M), -- Department of Labor,
Bureau of Labor Statistics
(E2)
(D3)
616. Defense Department obligations incurred, total, excluding
military assistance (M). - Department of Defense, Fiscal
Analysis Division; seasonal adjustment by Bureau of the
Census
(D3)
621. Defense Department obligations incurred, procurement (M). -Department of Defense, Fiscal Analysis Division; seasonal
adjustment by Bureau of the Census
(D3)
625. Military prime contract awards to U.S. business firms and
institutions (M). -- Department of Defense, Directorate for
Statistical Services; seasonal adjustment by Bureau of the
Census
(D3)
The "D" preceding a number indicates a diffusion index. Diffusion
indexes and corresponding aggregate series bear the same number
and are obtained from the same sources. See section B for titles
and sources of Dl, 05, 06, Dll, D19, 023, D41, D47, D54, D58, D61,
and section C for D440, D442, 0444, 0446, 0450, D460, 0462, D464,
D466, and D48G. Sources for other diffusion indexes are as follows:
034. Profits, manufacturing, FNCB (Q). » First National City Bank
of New York; seasonal adjustment by Bureau of the Census
and National Bureau of Economic Research, Inc.
(E3)
F International Comparisons
647. New orders, defense products industries (M). -• Department of
Commerce, Bureau of the Census
(03)
19. United States, index of stock prices, 500 common stocks (M).
See in section B.
648. New orders, defense products (M). -- Department of Commerce,
Bureau of the Census
(D3)
750. Index of wholesale prices, all commodities (M). - Department
of Labor, Bureau of Labor Statistics
(04)
47. United States, index of industrial production (Iff). See in
section B.
121. Organization for Economic Cooperation and Development,
European Countries, index of industrial production (M). Organization for Economic Cooperation and Development
(Paris)
(F2)
751. Index of wholesale prices, processed foods and feeds (M). -Department of Labor, Bureau of Labor Statistics
(D4)
752. Index of wholesale prices, farm products (M). -- Department of
Labor, Bureau of Labor Statistics
(D4)
781. Index of consumer prices (M). -- Department of Labor, Bureau
of Labor Statistics.
(04, E5, Fl)
122. United Kingdom, index of industrial production (M) -- Central
Statistical Off ice (London)
(F2)
123. Canada, index of industrial production (M). -- Dominion Bureau
of Statistics (Ottawa)
(F2)
782. Index of consumer prices, food (M). -- Department of Labor,
Bureau of Labor Statistics
(04)
783. Index of consumer prices, commodities less food (M). -- Department of Labor, Bureau of Labor Statistics
(D4)
125. West Germany, index of industrial production (M). - Statistisches Bundesamt (Wiesbaden); seasonal adjustment by
OECD
(F2)
126. France, index of industrial production (M). -- Institut National
de la Statistique etdes Etudes Economiques (Paris)
(F2)
784. Index of consumer prices, services (M). -- Department of Labor,
Bureau of Labor Statistics
(D4)
127. Italy, index of industrial production (M). - Istituto Centrale di
Statistica(Rome)
(F2)
E Analytical Measures
47. Index of industrial production (M). See in section B.
48. Man-hours in nonagricultural establishments (Iff). See in section B.
52. Personal income (M). See in section B.
54. Sales of retail stores (Iff). See in section B.
55. Index of wholesale prices, industrial commodities (Iff). See in
section B.
200. GNP in current dollars (Q). See in section A.
205. Gross national product in 1958 dollars (Q). See in section A.
206. Potential level of gross national product in 1958 dollars (Q). -Council of Economic Advisers
(El)
207. Gap -- the potential GNP (series 206) less the actual GNP
(Series 205) (Q). -- Council of Economic Advisers
(El)
781. Index of consumer prices, all items (M). See in section 0.
820. Five coincident indicators - composite index (includes series
41, 43, 47, 52, and 56) (M). See in section B.
850. Ratio, output to capacity, manufacturing (Q). -- Board of Governors of the Federal Reserve System, Department of Commerce,
and McGraw-Hill Economics Department
(E2)
851. Ratio, inventories (series 71) to sales (series 56), manufacturing and trade total (EOM). -- Department of Commerce, Office of
Business Economics
(E2)
852. Ratio, unfilled orders (series 96) to shipments, manufacturers'
durable goods (EOM). -- Department of Commerce, Bureau of the
Census
(E2)
853. Ratio, production of business equipment to production of
consumer goods (M). -- Board of Governors of the Federal
Reserve System. (Based upon components of the Federal
Reserve index of industrial production.)
(E2)
128. Japan, index of industrial production (M). -- Ministry of International Trade and Industry (Tokyo)
(F2)
132. United Kingdom, index of consumer prices (M). -- Ministry of
Labour (London)
(Fl)
133. Canada, index of consumer prices (M). •• Dominion Bureau of
Statistics (Ottawa)
(Fl)
135. West Germany, index of consumer prices (M). -- Statist!sches
Bundesamt (Wiesbaden)
(Fl)
136. France, index of consumer prices (M). -- In si tut National de la
Statistique et des Etudes Economiques (Paris)
(Fl)
137. Italy, index of consumer prices (M), •- Istituto Centrale di
Statistica(Rome)
(Fl)
138. Japan, index of consumer prices (M). -- Office of the Prime
Minister (Tokyo)
(Fl)
142. United Kingdom, index of stock prices (M). -- The Financial
Times (London)
(F3)
143. Canada, index of stock prices (M). -- Dominion Bureau of
Statistics (Ottawa)
(F3)
145. West Germany, index of stock prices (Iff). -- Statistisches
Bundesamt (Wiesbaden)
(F3)
146. France, index of stock prices (M). -- Institut National de la
Statistique et des Etudes Economises (Paris)
(F3)
147. Italy, index of stock prices (M). -- Istituto Centrale di Statistica(Rome)
(F3)
148. Japan, index of stock prices (M). -- Tokyo Stock Exchange
(Tokyo)
(F3)
781. United States, index of consumer prices (M). See in section D.
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