Full text of Business Conditions Digest : August 1983
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U.S. DEPARTMENT OF COMMERCE
Malcolm Baldrige, Secretary
Robert G. Dederick, Under Secretary for Economic Affairs
BUREAU OF ECONOMIC ANALYSIS
George Jaszi, Director
Allan H. Young, Deputy Director
Charles A. Waite, Associate Director for
National Analysis and Projections
Feliks Tamm, Editor
This report is prepared in the Statistical Indicators Division of the Bureau of Economic
Analysis. Technical staff and their responsibilities for the publication a r e Barry A. Beckman—Technical supervision and review
Brian D. Kajutti—Composite indexes
Betty F. Tunstall—Data collection and compilation (Phone: 202-523-0541)
The cooperation of government and private agencies that provide data is gratefully
acknowledged. Agencies furnishing data are indicated in the list of series titles and sources
at the back of this report.
This publication is prepared under the general guidance of a technical committee consisting
of the following persons:
Ronald E. Kutscher, Acting Chairman, Bureau of Labor Statistics, U.S. Department of
Labor
John H. Auten, U.S. Department of the Treasury
Norman Frumkin, Office of Management and Budget
Charles A. Waite, Bureau of Economic Analysis, U.S. Department of Commerce
ABOUT THIS REPORT
BUSINESS CONDITIONS DIGEST (BCD) provides
a monthly look at many of the economic time
series found most useful by business analysts
and forecasters.
The original BCD, which began publication
in 1961 under the title Business Cycle Developments, emphasized the cyclical indicators approach to the analysis of business conditions
and prospects. The report's contents were based
largely on the list of leading, roughly coincident,
and lagging indicators maintained by the
National Bureau of Economic Research, Inc.
In 1963, BCD was expanded to increase its
usefulness to analysts using other approaches to
business conditions analysis. Principal additions
to the report were series from the national income and product accounts and series based on
surveys of businessmen's and consumers' anticipations and intentions. The composite indexes were added at that time, and the report's
present title was adopted.
The dominant feature of the current BCD is
the cyclical indicators section, in which each
business cycle indicator is assigned a three-way
timing classification according to its behavior at
peaks, at troughs, and at all turns. This section is
supplemented by a section containing other important economic measures. The method of
presentation is explained in the introductory text
which begins on page 1.
Annual subscription price: $55.00 domestic,
$68.75 foreign. Single copy price: $5.50 domestic, $6.90 foreign. Foreign airmail rates are
available on request. Address correspondence
Most of the data contained in this report
also are published by their source agencies. A
series finding guide and a complete list of series
titles and sources can be found at the back of the
report.
Cyclical Indicators are economic time series
which have been singled out as leaders, coinciders, or laggers based on their general conformity to cyclical movements in aggregate
economic activity. In this report, cyclical indicators are classified both by economic process
and by their average timing at business cycle
peaks, at business cycle troughs, and at peaks
and troughs combined. These indicators have
been selected primarily on the basis of their
cyclical behavior, but they also have proven
useful in forecasting, measuring, and interpreting short-term fluctuations in aggregate
economic activity.
Other Economic Measures provide additional information for the evaluation of current business
conditions and prospects. They include selected
components of the national income and product
accounts; measures of prices, wages, and
productivity; measures of the labor force,
employment, and unemployment; economic
data on Federal, State, and local government activities; measures of U.S. international transactions; and selected economic comparisons with
major foreign countries.
concerning subscriptions to Superintendent of
Documents, U.S. Government Printing Office,
Washington, D.C. 20402. Make checks payable
to Superintendent of Documents.
BUSINESS CONDITIONS DIGEST
New Features and Changes for This Issue
METHOD OF PRESENTATION
Seasonal Adjustments
MCD Moving Averages
Reference Turning Dates
Part I. Cyclical Indicators
Part It. Other Important Economic Measures
How To Read Charts
How To Locate a Series
Summary of Recent Data and Current Changes
BCI»
iii
1
1
1
1
4
5
5
6
AUGUST 1 9 8 3
Data Through July
•Volume. 23, Number 8
PART I.
CYCLICAL INDICATORS
Al
A2
A3
A4
COMPOSITE INDEXES AND
THEIR COMPONENTS
Composite Indexes
Leading Index Components
Coincident Index Components
Lagging Index Components
Chart
10
12
14
15
Table
60
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—
—
Bl
B2
B3
B4
B5
B6
B7
CYCLICAL INDICATORS
BY ECONOMIC PROCESS
Employment and Unemployment
Production and Income
Consumption, Trade, Orders, and Deliveries
Fixed Capital Investment
Inventories and Inventory Investment
Prices, Costs, and Profits
Money and Credit
16
19
21
23
26
28
31
61
63
64
65
68
69
71
Cl
C2
C3
DIFFUSION INDEXES
AND RATES OFCHANGE
Diffusion Indexes
Selected Diffusion Index Components
Rates of Change
36
—
39
74
77
—
The Secretary of Commerce has determined
that the publication of this periodical is necessary in the transaction of the public business
required by law of this Department. Use of funds
•.
for printing this periodical has been approved
by the Director of the Office of Management
and Budget through April 1, 1985.
BCII
PART II.
OTHER IMPORTANT
ECONOMIC MEASURES
NATIONAL INCOME
AND PRODUCT
Al
A2
A3
A4
A5
A6
A7
A8
GNP and Personal Income
Personal Consumption Expenditures
Gross Private Domestic Investment
Government Purchases of Goods and Services
Foreign Trade
National Income and Its Components
Saving
Shares of GNP and National Income
Chart
Table
40
41
42
43
44
45
46
47
80
80
81
81
82
82
82
83
48
49
84
87
51
89
52
53
90
90
56
57
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93
58
59
59
94
95
96
PRICES, WAGES,
AND PRODUCTIVITY
Bl
B2
Price Movements
Wages and Productivity
LABOR FORCE, EMPLOYMENT,
AND UNEMPLOYMENT
Civilian Labor Force and Major Components
GOVERNMENT ACTIVITIES
Receipts and Expenditures
Defense Indicators
U.S. INTERNATIONAL TRANSACTIONS
Merchandise Trade
Goods and Services Movements
INTERNATIONAL COMPARISONS
Industrial Production
Consumer Prices
Stock Prices
PART III. APPENDIXES
A. MCD and Related Measures of Variability (January 1981 issue)
QCD and Related Measures of Variability (January 1981 issue}
B. Current Adjustment Factors (July 1983 issue)
C. Historical Data for Selected Series
97
D. Descriptions and Sources Of Series (See "Alphabetical Index—Series Finding Guide")
E. Business Cycle Expansions and Contractions (July 1983 issue}
F. Specific Peak and Trough Dates for Selected Indicators (June 1983 issue)
G. Experimental Data and Analyses
Alphabetical Index—Series Finding Guide
Titles and Sources of Series
105
110
114
Readersvare invited to submit comments and
suggestions concerning this publication.
Address them to Feliks Tamm, Chief, Statistical
Indicators Division, Bureau of Economic Analysis,
U.S. Department of Commerce, Washington, D.C. 20230
NEW FEATURES
AND CHANGES
FOR THIS ISSUE
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,
composition,
comparability, coverage,
seasonal adjustment
methods, benchmark
data, etc. Changes may
Changes in this issue are as follows:
result in revisions of
data, additions or
1. Series 57 (manufacturing and trade sales in constant
dollars) and series 77 (ratio of constant-dollar inventories
to sales, manufacturing and trade) have been revised for the
period 1978 to date. These data incorporate recent revisions
in current-dollar data arid deflators for manufacturing and
trade inventories and sales.
deletions of series,
changes in placement of
series in relation to
other series, changes
in composition of
indexes, etc.
The ratios of constant-dollar inventories to sales shown
in appendix G also are affected by these revisions.
Further information concerning these revisions may be
obtained from the U.S. Department of Commerce, Bureau of
Economic Analysis$ Statistical Indicators Division and
National Income and Wealth Division.
2. The series on newly approved capital appropriations
(series 11 and 965) and backlog of capital appropriations
(series 97) have been revised by the source agency for the
period 1981 to date to reflect the application of new
seasonal adjustment factors.
Further information concerning these revisions may be
obtained from The Conference Board, 845 Third Avenue, New
York, NY 10022.
(Continued on page iv.)
The September issue of BUSINESS CONDITIONS DIGEST is scheduled
for release on October 5.
in
3. The series on productivity and costs have been revised by the source agency to
reflect (a) the revision of seasonally adjusted measures of employment and average weekly
hours and (b) the rebenchmarking of data for employees in nonagricultural establishments
to the most recent levels from unemployment insurance records. The beginning dates for
these revisions are as follows:
1947—Series 346;
1949—Series 26 and the implicit price deflator and unit labor
cost series shown in appendix G;
1958--Series 63, 358, and 370; and
1978—Series 345.
Further information concerning these revisions may be obtained from the U.S. Department of Labor, Bureau of Labor Statistics, Office of Productivity and Technology, Division
of Productivity Research.
4. Appendix C contains historical data for series 16, 18, 22, 30, 34, 35, 49, 51-53,
55, 68, 79-82, 84, 86-89, 114-116, 223, 310, 311, 618, 620, 622, 651, 652, and 667-669.
5. Appendix G contains cyclical comparisons for series 5, 20, 29, 40, 51, and 940.
IV
METHOD OF PRESENTATION
This report is organized into two major parts.
Part I, Cyclical Indicators, includes about 150 time
series which have been found to conform well to
broad fluctuations in comprehensive measures of
economic activity. Nearly three-fourths of these are
individual indicators, the rest are related analytical
measures: Composite indexes, diffusion indexes,
and rates of change. Part II, Other Important
Economic Measures, covers over 140 series which
are valuable to business analysts and forecasters
but which do not conform well enough to business
cycles to qualify as cyclical indicators. (There are a
few exceptions: Four series which are included in
part I are also shown in part II to complete the
systematic presentation of certain sets of data,
such as real GNP and unemployment.) The largest
section of part II consists of quarterly series from
the national income and product accounts; other
sections relate to prices, labor force, government
and defense-related activities, and international
transactions and comparisons.
The two parts are further divided into sections
(see table of contents), and each of these sections
is described briefly in this introduction. Data are
shown both in charts and in tables. Most charts
begin with 1956, but those for the composite
indexes and their components (part I, section A)
begin with 1948t and a few charts use a two-panel
format which covers only the period since 1971.
Except for section F in part II, charts contain
shading which indicates periods of recession in
general business activity. The tables contain data
for only the last few years. The historical data for
the various time series are contained in the 1977
Handbook of Cyclical Indicators.
tn addition to the charts and tables described
above, each issue contains a summary table which
shows the current behavior of many of the series.
Appendixes present seasonal adjustment factors,
measures of variability, specific cycle turning
dates, cyclical comparison charts, and other
information of analytical interest. An index appears
at the back of each issue. It should be noted that
the series numbers used are for identification
purposes only and do not reflect precise
relationships or order. However, all series
considered as cyclical indicators are numbered in
the range 1 to 199.
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
movements 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 in this report generally include
centered MCD moving averages for those 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 Dates
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
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.
The historical reference turning dates are subject
to occasional reviews by NBER and may be changed
as a result of revisions in important economic
time series. The dates shown in this publication
for the 1948-70 time period are those determined
by a 1974 review. Since then, NBER has designated
turning points for recessions in 1973-75, 1980. and
1981-82.
Part I. CYCLICAL INDICATORS
Business cycles have been defined as sequences
of expansion and contraction in various economic
processes that show up as major fluctuations in aggregate economic activity—that is, in comprehensive measures of production, employment,
income, and trade..While recurrent and pervasive,
business cycles of historical experience have been
definitely nonperiodic and have varied greatly in
duration and intensity, reflecting changes in
economic systems, conditions, policies, and
outside disturbances.
One of the techniques developed in business
cycle research and widely used as a tool for analyzing current economic conditions and prospects is
the cyclical indicators approach. This approach
identifies certain economic time series as tending
to lead, coincide with or lag behind the broad
movements in aggregate economic activity. Such
indicators have been selected and analyzed by
NBER in a series of studies published between
1938 and 1967. During the 1972-75 period, a new
comprehensive review of cyclical indicators was
carried out by the Bureau of Economic Analysis
(BEA) with the cooperation of the NBER research
staff. The present format and content of part I of
BCD are based on the results of that study.
Section A. Composite Indexes and
Their Components
All cyclical indicators have been evaluated according to six major characteristics: Economic
significance, statistical adequacy, consistency of
timing at business cycle peaks and troughs,
conformity to business expansions and
contractions, smoothness, and prompt availability
(currency). A formal, detailed weighting scheme
was developed and used to assess each series by all
of the above criteria. (See articles in the May and
November 1975 issues of BCD.)
The resulting
scores relate to cyclical behavior of the series
during the period 1947-70. This analysis produced
a new list of indicators classified by economic
process and typical timing at business cycle peaks
and troughs. (See tables on page 2 and text below
relating to section B.)
This information, particularly the scores relating
to consistency of timing, served as a basis for the
selection of series to be included in the composite
indexes. The indexes incorporate the best-scoring
series from many different economic-process
groups and combine those with similar timing
behavior, using their overall performance scores as
weights. Because they use series of historically
tested usefulness and given timing characteristics
(for example, leading at both peaks and troughs),
with diversified economic coverage and a minimum
of duplication, composite indexes give more
reliable signals over time than do any of the
individual indicators. Furthermore, much of the
1
Cross-Classification of Cyclical Indicators by Economic Process and Cyclical Timing
A. Timing at Business Cycle Peaks
\
\
Economic
^Process
Cyclical N.
Timing
N.
LEADING (LJ
INDICATORS
(62 series)
ROUGHLY
COINCIDENT(C)
INDICATORS
(2 3 series)
LAGGING (Lg)
INDICATORS
(18 series)
TIMING
UNCLASSIFIED
(U)
(8 series)
II.
PRODUCTION
AND
INCOME
(10 series)
III.
CONSUMPTION.
TRADE,
ORDERS, AND
DELIVERIES
(13 series)
IV.
FIXED
CAPITAL
INVESTMENT
(18 series)
Marginal
employment
adjustments
(6 series)
Job vacancies
(2 series)
Comprehensive
employment
(1 series)
Comprehensive
unemployment
(3 series)
Capacity
utilization
(2 series)
New and
unfilled orders
and deliveries
(6 series)
Consumption
(2 series)
Formation of
business
enterprises
(2 series)
Business
investment
commitments
(5 series)
Residential
construction
(3 series)
Comprehensive
employment
(1 series)
Comprehensive
Consumption
and trade
(4 series)
VI.
PRICES,COSTS,
AND PROFITS
(17 series)
VII.
MONEY
AND CREDIT
(26 series)
Stock prices
(1 series)
Commodity
prices
(1 series)
Profits and
profit
margins
(7 series)
Cash flows
(2 series)
Money flows
(3 series)
Real money
supply
(2 series)
Credit flows
(4 series)
Credit
difficulties
(2 series)
Bank reserves
(2 series)
1 merest rates
(1 series)
Backlog of
Investment
commitments
( l series)
Business
Investment
expenditures
(5 series)
EMPLOYMENT
AND
UNEMPLOYMENT
(18 series)
output and
real Income
(4 series)
Industrial
production
(4 series)
Duration of
unemployment
(2 series)
Business
investment
expenditures
(1 series)
Comprehensive
employment
(3 series)
INVENTORIES
AND
INVENTORY
INVESTMENT
(9 series)
Inventory
investment
(4 sertes)
Inventories on
hand and on
order
(1 series)
Velocity of
money
(2 series)
Interest rates
(2 series)
Unit labor costs
and labor share
(4 series)
interest rates
(4 series)
Outstanding
debt
(3 series)
Commodity
prices
(1 series)
Profit share
(1 series)
Inventories on
hand and on
order
(4 series)
interest rates
(1 series)
Trade
(1 series)
Business
Investment
commitments
(1 series)
II.
PRODUCTION
AND
INCOME
(10 series)
III.
CONSUMPTION,
TRADE,
ORDERS, AND
DELIVERIES
(13 series)
IV.
FIXED
CAPITAL
INVESTMENT
(18 series)
V.
INVENTORIES
AND
INVENTORY
INVESTMENT
(9 series)
VI.
PRICES, COSTS,
AND PROFITS
(17 series)
VII.
MONEY
AND CREDIT
(26 series)
Marginal
employment
adjustments
(3 series)
Industrial
production
(1 series)
New and unfilled
orders and
deliveries
(5 series)
Consumption
and trade
(4 series)
Formation of
business
enterprises
(2 series)
Business
Investment
commitments
(4 series)
Residential
construction
(3 series)
inventory
investment
(4 series)
Stock prices
(1 series)
Commodity
prices
(2 series)
Profits and
profit margins
(6 series)
Cash flows
(2 series)
Money flows
(2 series)
Real money
supply
(2 series)
Credit flows
(4 series)
Credit
difficulties
(2 series)
Marginal
employment
adjustments
(2 series)
Comprehensive
employment
(4 series)
Comprehensive
output and
Consumption
and trade
(3 series)
Business
investment
commitments
(1 series)
Profits
(2 series)
Money flow
(1 series)
Velocity of
money
(1 series)
Unfitted orders
(1 series)
Business
Investment
commitments
(2 series)
Business
Investment
expenditures
(6 series)
Unit labor costs
and tabor share
(4 series)
Velocity of
money
(1 series)
Bank reserves
a series)
Interest rates
(8 series)
Outstanding aebt
(3 series)
13. Timing at Business Cycle Troughs
N.
>
Economic
\f'rocess
Cyclical^
Timing
N.
LEADING (LJ
INDICATORS
(47 series)
ROUGHLY
COINCIDENT(C)
INDICATORS
(23 series)
LAGGING. (Lg)
INDICATORS
(40 series)
TIMING
UNCLASSIFIED
(U)
(1 series)
EMPLOYMENT
AND
UNEMPLOYMENT
(18 series)
Marginal
employment
adjustments
(1 series)
Job vacancies
(2 series)
Comprehensive
employment
(1 series)
Comprehensive
and duration
of
unemployment
(5 series)
real income
(4 series)
Industrial
production
(3 series)
Capacity
utilization
(2 series)
Inventories on
hand and on
order
(5 series)
Bank reserves
(1 series)
independent measurement error and other "noise"
in the included series are smoothed out in the
index as a whole. The indexes include only monthly
series that are acceptable in terms of relatively
prompt availability and reasonable accuracy.
The main composite indexes are distinguished by
their cyclical timing. Thus, there is an index of
leading indicators, series which historically reached
their cyclical peaks and troughs earlier than the
corresponding business cycle turns. There is an
index of roughly coincident indicators, consisting
of series which historically reached their turning
points at about the same time as the general
economy, and an index of lagging indicators, which
includes series that typically reached their peaks
and troughs later than the corresponding business
cycle turns.
The leading index contains series with long as
well as short leads, but each series leads on the
average over time and shows a frequency of leads
at the individual turns exceeding that attributable
to chance, given the historical distribution of
cyclical timing. (An analogous statement applies to
the components of the lagging index.) Since 1948,
leads were generally more frequent and longer at
peaks than at troughs of business cycles, while lags
were generally more frequent and longer at troughs
than at peaks. The adopted system of scoring and
classifying the indicators takes into account these
well-established differences in timing.
Consequently, rough coincidences include short
leads (-) and lags ( + ) as well as exact
coincidences (0). (For monthly series, the range is
from -3 through -hi at peaks and from -1 through
+ 3 at troughs, where minus denotes leads and
plus denotes lags in months.)
indicators to the index of lagging indicators, a
series known to have a useful pattern of early
cyclical timing. Numbers entered on the charts of
the composite indexes show the length, in months,
of leads (-) and lags ( + ) at each of the reference
turning dates covered.
The next set of data consists of series included
in the principal composite indexes. These are the
12 components of the leading index, the 4
components of the coincident index, and the 6
components of the lagging index. Following the title
of each series, its typical timing is identified by
three letter symbols in a small box. The first of
these letters refers to the timing of the given
indicator at business cycle peaks, the second to its
timing at business cycle troughs, and the third to
its timing at all turns, i.e., at peaks and troughs
combined. " L " denotes a tendency to lead, "C" a
tendency to roughly coincide with the business
cycle turns (as represented by the NBERdesignated reference dates), and "Lg" a tendency
to lag. Since these series have been selected for the
consistency of their timing at both peaks and
troughs, all components of the leading index are
denoted "L,L,L," all components of the coincident
index "C,C,C," and all components of the lagging
index "Lg,Lg,Lg." It should be remembered that
these classifications are based on limited evidence,
namely the performance of the indicators during
the business cycles of the 1948-70 period, which
included five peaks and five troughs. While the
timing classifications are expected to agree with
the patterns prevailing in the near future, they will
not necessarily hold invariably in every instance.
The timing of the series in the period since 1970
can be determined by inspection of the charts,
where the recessions of 1973-75, 1980, and
1981-82 are shaded according to the dates of
the NBER reference cycle chronology.
August '57, April '60, and December '69); crossclassification B, on their behavior at five business
cycle troughs (October '49, May '54, April '58,
February '61, and November 70). Each tabulation
distinguishes seven major economic processes and
four types of cyclical timing. The titles in the cells
identify subgroups of the given economic process
with the given timing characteristic. The number of
series in each such group is given in parentheses
following the title. Complete information on how
individual indicators are classified by timing at
peaks, troughs, and all turns, along with selected
measures/and scores, is provided in the 1977
Handbook of Cyclical Indicators.
Section C. Diffusion Indexes and Rates of Change
Many series in this report are aggregates
compiled from numerous components. How the
individual components of an aggregate move over a
given timespan is summarized by a diffusion index
which indicates the percentage of components that
are rising (with half of the unchanged components
considered rising). Cyclical changes in these
diffusion indexes tend to lead those of the
corresponding aggregates. Since diffusion indexes
are highly erratic, they are computed from changes
measured over 6- or 9-month (or 3- or 4-quarter)
spans, as well as 1-month (or 1-quarter) spans.
Longer spans help to highlight the trends underlying the shorter-term fluctuations. Diffusion indexes
are shown for the component series included in
each of the three composite indexes and for the
components of some of the aggregate series shown
in section B.
Diffusion measures can be derived not only from
For purposes of constructing a composite index,
actual data but also from surveys of anticipations
each component series is standardized: The monthor intentions. Indexes based on responses of
to-month percent changes in a given series are
business executives about their plans and
divided by the long-run average (without regard to Section B. Cyclical Indicators by Economic Process expectations for several operating variables are
sign) of those changes. Thus, the more volatile
presented, along with the corresponding indexes
series are prevented from dominating the index.
This section covers 111 individual time series, based on actual data, as the last set of diffusion
The coincident index is calculated so that its long- including the 22 indicators used in the series.
term trend (since 1948) equals the average of the construction of the composite indexes. The peak
This section also records rates of change for the
trends of its four components. This trend, which is and trough timing classifications are shown on the three composite indexes (leading, coincident, and
similar to that of GNP in constant dollars, can be charts in the same manner as described above, but lagging) and for four indicators of aggregate
viewed as a linear approximation to the secular this section includes series with different timing at economic activity: GNP in constant dollars
movement (at an average growth rate) in aggregate peaks and at troughs, as well as series where the (quarterly), industrial production, employee hours
economic activity. The indexes of leading and lag- timing is not sufficiently consistent to be classified in nonagricultural establishments, and personal
ging indicators have been adjusted so that both as either L,C, or Lg according to the probabilistic income less transfers in constant dollars. Rates of
their trends and their average month-to-month measures and scoring criteria adopted. Such series change are shown for 1- and 3-month spans or for
percent changes (without regard to sign) are ap- are labeled U, i.e., unclassified as to timing at 1-quarter spans.
proximately equal to those of the coincident index. turning points of the given type. Eight series are
Although movements in diffusion indexes and in
(For a more detailed description of the method of unclassified at peaks, one series at troughs, and 19 rates of change for the same aggregates are
constructing the composite indexes, see the 1977 series at all turns (of the 19, 15 have definite but generally positively correlated, these two measures
Handbook of Cyclical Indicators.)
different timing at peaks and at troughs). No series present information about two related but distinct
In addition to these principal composite indexes, that is classified as U both at peaks and at troughs aspects of economic change. Diffusion indexes
differentiated according to cyclical timing, there is included in the list of cyclical indicators.
measure the prevailing direction or scope of
are five indexes based on leading indicators which
The classification scheme which groups the change, while rates of change measure the degree
have been grouped by economic process. Taken indicators of this section by economic process and as well as the overall direction. As is the case for
together, these additional indexes include all 12 cyclical timing is summarized in the two diffusion indexes, cyclical movements in the rates
component series of the overall leading index, plus tabulations on page 2. Cross-classification A is of change tend to lead those of the corresponding
a few related series. Also shown in this section is based on the observed behavior of the series at five indexes or aggregates, and thus, they tend to lead
the ratio of the index of roughly coincident business cycle peaks (November '48, July '53, at the business cycle turns as well.
Gross private domestic investment (A3) is fixed Section C. Labor Force, Employment, and
capital goods purchased by private business and Unemployment
nonprofit institutions and the value of the change
This section contains measures of the civilian
in the physical volume of inventories held by
This part is divided into six sections which cover
labor force and its major components: Total
a wide range of quarterly and monthly time series private business. The former include all private numbers of employed and unemployed persons.
measuring various aspects of economic activity. purchases of dwellings, whether purchased for The number of unemployed is subdivided into
Some of these series are very comprehensive, tenant or owner occupancy. Net purchases of used selected categories defined by sex, age, and class
pertaining to the U.S. economy as a whole, others goods are also included.
Government purchases of goods and services of worker. Also included are data on participation
have to do with particular sectors or markets, and
rates for a few principal segments of the labor
still others relate to U.S. international transactions (A4) is the compensation of government employees force.
or to selected foreign countries. The represented and purchases from business and from abroad. It
variables include incomes, outputs, and excludes transfer payments, interest paid by Section D. Government Activities
expenditures; prices, earnings, and productivity; government, and subsidies. It includes gross
Receipts, expenditures, and their balance (surlabor resources; government receipts, investment by government enterprises but excludes
expenditures, and defense-related activities; ex- their current outlays. It includes net purchases of plus or deficit) are shown quarterly on two levels;
ports; and imports; and selected indicators for a few used goods and excludes sales and purchases of (1) Federal Government and (2) State and local
land and financial assets.
government. Also shown is a selection of series
key foreign countries.
Net exports of goods and services (A5) is exports from the discontinued Defense
Indicators.
less imports of goods and services. Exports are part These series measure defense activities which
Section A. National Income and Product
of the national production; imports are not, but are influence short-term changes in the national
Tht! national income and product accounts, included in the components of GNP and are economy. Included are series relating to
compiled by BEA, summarize both receipts and therefore deducted. More detail on U.S. obligations, contracts, orders, production,
final expenditures for the personal, business, international transactions is provided in section E. shipments, inventories, outlays, and employment.
foreign, and government sectors of the economy.
National income (A6) is the incomes that These series are grouped according to the time at
Section Al shows the gross national product, originate in the production of goods and services which the activities they measure occur in the
final sales, and personal and disposable personal attributable to labor and property supplied by defense order-production-delivery process. Series
income. The four major components of the gross residents of the United States. Thus, it measures measuring activities which usually precede pronational product—personal consumption the factor costs of the goods and services pro- duction, such as contract awards and new orders,
expenditures, gross private domestic investment, duced. It consists of the compensation of
are classified as "advance measures of defense
government purchases of goods and services, and employees, proprietors' income, rental income of
activity." Series measuring activities which tend to
net exports of goods and services—are presented in persons, corporate profits, and net interest.
coincide with production, such as employment, and
sections A2 through A5. Most of the series in
Saving (A7) is the difference between income activities which usually follow production, such as
section A are presented in current as well as and expenditures during an accounting period.
constant collars. There are also a few per capita Total gross saving includes personal saving, shipments, are classified as"intermediate and final
series. The national income and product accounts, business saving (mainly undistributed corporate measures of defense activity."
briefly defined below, are described more fully in profits and capital consumption allowances), and
Section E. U.S. International Transactions
the Survey of Current Business, Part I, government surplus or deficit.
January 1976.
This group includes monthly series on exports
Shares of GNP and national income (A8).—The
Gross national product (GNP) is the market major expenditure components of GNP (excluding military aid) and general imports, plus a
value of final goods and services produced by the (consumption, investment, etc.) are expressed as few selected components of these aggregates. Also
labor and property supplied by residents of the percentages of GNP, and the major income shown are the balances between receipts and
United States, before deduction of allowances for components of national income (compensation of expenditures for goods and services, merchandise,
the consumption of fixed capital goods. It is the employees, corporate profits, etc.) are expressed as and investment income.
most comprehensive measure of aggregate percentages of national income.
Section F. International Comparisons
economic output. Final sales is GNP less change in
business inventories.
Personal income is the income received by
This section is designed to facilitate a quick
persons (individuals, owners of unincorporated Section B. Prices, Wages, and Productivity
review of basic economic conditions in six of the
businesses, nonprofit institutions, private trust
nations with which we have important trade
funds, and private noninsured welfare funds) from
The important data on price movements include relationships. The U.S. business cycle shading has
all sources. It is the sum of wage and salary the monthly consumer and producer price indexes been omitted from these charts. Data on industrial
disbursements, other labor income, proprietors' and their major components. Based largely on production, consumer prices, and stock prices for
income, rental income of persons, dividends, these series are the quarterly price indexes from Canada, the United Kingdom, France, West Gerpersonal interest income, and transfer payments, the national income and product accounts, notably many, Japan, and Italy are compared with the corless personal contributions for social insurance.
the GNP implicit price deflator (with weights responding U.S. series. Also included is an inDisposable personal Income is the personal reflecting the changing proportions of different dustrial production index for the European
income available for spending or saving. It consists expenditure categories in GNP) and the fixed- countries in the Organization for Economic
of personal income less personal taxes and nontax weighted price index for the gross business prod- Cooperation and Development (OECD). The inuct. Data on both levels and percent changes are dustrial production series provide cyclically senpayments to government.
sitive output measures for large parts of the
Personal consumption expenditures (A2) is presented for the period since 1971.
The group of series on wages and productivity economies covered. Changes in consumer price ingoods and services purchased by individuals,
operating expenses of nonprofit institutions, and consists of data on average hourly earnings and dexes (plotted for the period since 1971) provide
the value of food, fuel, clothing, rent of dwellings, average hourly compensation (including earnings important measures of the rates of inflation in the
and financial services received in kind by in- and other benefits) in current and constant dollars, major industrialized countries. Stock prices (also
dividuals. Net purchases of used goods are also in- output per hour of work in the business sector, and shown beginning in 1971) tend to be significant as
leading indicators.
rates of change for most of these measures.
cluded.
Pert I I . OTHER IMPORTANT ECONOMIC
MEASURES
4
HOW TO READ CHARTS
Peak (P) of cycle indicates
end of expansion and beginning of recession (shaded
area) as designated by NBER.
Basic Data
Arabic number indicates latest
month for which data are
plotted. ("9" = September)
Solid line indicates monthly
data. (Data may be actual
monthly figures or moving
averages.)
Dotted line indicates anticipated data.
Broken line indicates actual
monthly data for series where
a moving average is plotted.
Roman number indicates
latest quarter for which data
are plotted. ("IV" = fourth
quarter)
Solid line with plotting points
indicates quarterly data.
Parallel lines indicates a break
in continuity (data not available, extreme value, etc.).
Diffusion Indexes
Solid line indicates monthly
data over 6- or 9-month
spans.
Broken line indicates monthly
data over 1-month spans.
Various scales are used to
highlight the patterns of the
individual series. "Scale A "
is an arithmetic scale, "scale
L-1" is a logarithmic scale
with 1 cycle in a given distance, "scale L-2" is a logarithmic scale with two cycles
in that distance, etc.
Arabic number indicates latest
month for which data are
used in computing the indexes.
Broken line with plotting
points indicates quarterly
data over 1-quarter spans.
Roman number indicates
latest quarter for which data
are used in computing the indexes.
Solid line with plotting points
indicates quarterly data over
various spans.
Diffusion indexes and rates
of change are centered within
the spans they cover.
Trough (T) of cycle indicates
end of recession and beginning of expansion as designated by NBER.
Dotted line indicates anticipated quarterly data over
various spans.
Rates of Change
Solid line indicates percent
changes over 3- or 6-month
spans.
Arabic number indicates latest
month used in computing
the changes.
Broken line indicates percent
changes over 1-month spans.
Broken line with plotting
points
indicates
percent
changes over 1-quarter spans.
Solid line with plotting points
indicates percent changes over
3-or4-quarterspans.
Roman number indicates
latest quarter used in computing the changes.
HOW TO LOCATE A SERIES
1. See ALPHABETICAL INDEX-SERIES FINDING GUIDE at
the back of the report where series are arranged alphabetically
according to subject matter and key words and phrases of the
series titles, o r -
2. See TITLES AND SOURCES OF SERIES at the back of
the report where series are listed numerically according to
series numbers within each of the report's sections.
Table 1. Summary of Recent Data and Current Changes for Principal Indicators
Basic data1
Unit
of
measure
Series title and timing classification1
Percent change
Annual average
1981
1982
4th Q
1982
lstQ
1983
2dQ
1983
May
1983
June
1983
July
1983
May
to
June
1983
June
to
July
1983
4th Q
to
1st Q
1983
1st Q
to
2dQ
1983
I
1, CYCLICAL INDICATORS
A. C o m p o s i t e I n d e x e s
910.
920.
930.
940.
Twelve leading indicators
Four roughly coincident indicators
Six hgging indicators
Ratit, coincident index to lagging index
Leading Indicator Subgroups:
913. IVIarg nal employment adjustments
914. Capitil investment commitments
915 Inventory investment and purchasing
916. Profitability
917. Money and financial flows
140.9
146.0
122.4
119.3
136.8
136.3
123.0
110.9
139.5
132.7
118.4
112.1
147.7
134.1
115.1
116.6
154.6
137.6
111.3
123.7
154,2
137.9
110.7
124.6
157.2
139.4
109.7
127.1
157.7
141.0
109.3
129.0
1.9
1.1
-0.9
2.0
0.3
1.1
-0.4
1.5
5.9
1.1
-2.8
4.0
4.7
2.6
-3.3
6.1
910
920
930
940
93.0
107.7
100.9
97.9
122.7
NA
104.3
97.2
93.7
122.8
NA
105.5
97.1
95.6
122.5
NA
106.6
99.5
98.8
129.4
NA
108.9
102.1
NA
131.9
NA
109.1
102.2
103.8
130.5
NA
110.1
102.3
NA
134.3
NA
109.2
102.4
NA
135.5
NA
0.9
0.1
NA
2.9
NA
-0.8
0.1
NA
0.9
NA
1.0
2.5
3.3
5.6
NA
2.2
2.6
NA
1.9
913
914
915
916
917
39.8
2.8
446
38.9
2.3
578
39.0
2.3
599
39.5
2.5
488
40.1
2.8
443
40.0
2.7
453
40.2
2.9
406
40.3
3.1
380
0.5
0.2
10.4
0.2
0.2
6.4
1.3
0.2
18.5
1.5
0.3
9.2
1
21
5
L,Lg,U.... Ratio
L,lg,U.... 1967=100
0.429
119
0.243
86
0.198
79
0.216
83
0.230
87
0.231
87
0.246
92
0.281
100
0.015
5.7
0.035
8.7
0.018
5.1
0.014
4.8
60
46
U,C,C... A.r.( bil. hrs
U,C,C... Thousands
do
C,C,C...
do
L,C,U....
170.02
97,030
91,156
25,497
165.84
96,125
89,596
23,907
163.85
95,705
88,796
23,160
164.58
95,697
88,815
23,088
166.81
96,514
89,448
23,347
166.94
96,190
89,421
23,347
167.40
97,264
89,832
23,534
168.45
97,758
90,319
23,749
0.3
1.1
0.5
0.8
0.6
0.5
0.5
0.9
0.4
0.
0.
-0.3
1.4
0.9
0,7
1.1
48
42
41
40
Percent
58.28
57.06
56.57
56.40
56.73
56.52
57.16
57.39
0.64
0.23
-0.17
0.33
90
Thousands
Percent
do
Weeks
Percent
8,273 10,678 11,839 11,439 11,222 11,192 11,146 10,590
10.4
10.1
10.1
10.0
9.5
10.7
7.6
9.7
4.5
4.1
3.8
3.6
5.1
4.1
3.4
4.6
19.2
20.4
22.0
21.7
17.5
13.7
15.6
20.5
4.2
4.1
4.1
3.9
4.1
2.1
3.2
4.0
0.4
0.1
0.3
-7.8
0.
5.0
0.5
0.2
1.4
0.2
3.4
0.3
0.6
-9.7
-0.1
1.9
0.3
0.4
-6.8
0.2
37
43
45
91
44
1513.8 1485.4 1480.7 1490.1 1523.4
1254.2 1256.1 1259.5 1265.2 1276.5 1279.3 1283.1 1283.7
1080.5 1073.8 1068.6 1075.5 1086.1 1088.2 1092.5 1094.4
0.3
0.4
0.
0.2
0.6
0.5
0.6
2.2
0.9
1.0
50
52
51
L,L,L... 1967=100
C,CtC...
do
Lg.L&Lg...
L.L.L...
do
.
L,L,L...
L,L,L...
LL L
LL L
l,L,L...
do
do
do
do
B, Cyclical I n d i c a t o r s b y E c o n o m i c P r o c e s s
B l . Employment and Unemployment
Marginal Employment Adjustments;
* 1 . Average workweek, prod, workers, mfg
21. Avg. weekly overtime, prod, workers, mfg.1
•5. Avg. weekly initial claims (inverted1)
Job Vacancies,
60. Ratio, Mo-wanted advertising to unemployment?
46. Help-wanted advertising
Comprehensive Employment:
48. Employee-hours in nonagri. establishments...
42. Persons engaged in nonagri. activities
*41. Employees on nonagri. payrolls
..
40. Employees in mining, mfg., construction ..
90. Ratio, civilian employment to total population
of wor line ace1
,
,
Comprehensive Unemployment:
37. Total unemployed {inverted')
43. Unemployment rate, total (inverted')1
45. Avg. weekly insured unemployment rate (inv.*)1
*91. Avg. duration of unemployment (inverted1)
44. Unemploytfient rate, 15 weeks and over {inv.')'
L,L,L... Hours
L,C,L...
do
L.C.L.... Thousands
U.Lfi U
L,Lg,U....
Ug,U....
L,Lg,U....
Lg,Lg,Lg,...
LftLfcLg....
H2. Production and Income
Comprehensive Output and Income;
50. GNP in 1972 dollars
52. Personal income in 1972 dollars.
•51. Pers. Income less transfer pay., 1972 dollars
53. Wage; and salaries in mining, mfg.t and
construction 1972 dollars
C,C,C... A.r., bil.dol
C,C C
do.
do
C,CtC...
CCC
do
Industrial Production:
•47. Industrial production, total
73. Industrial p'oduction, durable mfrs..
74. Industrial production, nondurable mfrs
49. Value cf goods output, 1972 dollars
C.C.C.... 1967=100
C,C,C...
do
C.L.L....
do
C.C.C.... Af bil do!
Capacity Utilization:
83. Capacity utiization rate, mfg., BEA1
82. Capacity utilization rate, mfg., FRB1
84 Caoacit f utilization rate materials FRB3
l,C,U....
LCU
Percent
do
do
229.8
216.2
208.5
212.5
216.1
215.7
217.7
219.3
0.9
0.7
1.9
1.7
53
151.0
140.5
164.8
692 6
138.6
124.7
156.2
661 6
135.3
119.8
155.7
652 1
138.5
124.2
159.0
656 * 9
144.3
131.0
165.1
681.0
144.4
131.0
165.1
146.0
133.0
166.9
148.6
136.1
168.6
1.1
1.5
1.1
1.8
2.3
1.0
2.4
3.7
2.1
0.7
4.2
5.5
3.8
3.7
47
73
74
49
76
79.4
80. 7
70
71.1
70 0
68
69.0
67.1
70
70.7
70.1
NA
73.7
73. 5
2
1.7
3.0
NA
3.0
3.4
83
82
84
B 3 . C o n s u m p t i o n , T r a d e , O r d e r s , a n d Deliveries
Orders and Deliveries:
6. New orders, durable goods
7. New ordure, durable goods, 1972 dollars
•8. New ordure, tons, goods and mtls., 1972 dol
25. Change in unfilled orders, durable goods1
96 Mfrs' unfilled orders durable goods1
*32. Vendor purfor nance1 <g>
Consumption anil Trade:
56. Manufacturing and trade sales
•57. Manufacturing and trade sales, 1972 dollars
75. Industrial production, consumer goods
54 Sales of rotail stores
59. Sales of rittail stores, 1972 dollars
55. Personal consumption expenditures, automobiles
58. Index of consumer sentiment (§)
84.46 90.90 87.60
L.L.L... Bil. dol
83.68
75.03 72.66 79.92 86.15
35.73 38.24 36.78
L.L.L...
34.06 36.43
do
37.61 32.48 31.15
33.38 33.93 34.20 34.50
L,L,L...
31.65
do
33.28 29.45 28.13
2.99
4.32
1.44
1.78
L.L.L....
1.55
do
- 1 . 8 0 -0.33
-0.15
L Lg U Bil. dol., EOP... 313.34 291.76 291.76 296.41 305.37 301.05 305.37 306.81
52
52
52
52
L,L,L... Percent
41
44
37
45
7.6
7.0
0.8
2.54
1.4
0
-3.6
-3.8
0.9
-2.88
0.5
0
10.0
9.3
12.5
1.88
1.6
3
7.8
7.0
5.5
1.44
3.0
8
6
7
8
25
96
32
NA
371.59
163.37
NA
151.4 154.0
98,685 98,656
48,186 47,984
2.1
1.7
1.0
0.3
0.1
NA
NA
1.7
0.
-0.4
2.1
2.7
1.4
0.3
0.3
1.3
3.9
5.1
4.1
4.1
5.7
4.7
14.5
21.5
56
57
75
54
59
55
58
-0.4
NA
-0.4
-3.4
1.6
NA
12
13
C,C,C...
C,C,C...
C,L,C...
CLU
U,L,U....
L,C,C...
L,L,L...
Bil. dol
...do
1967-100
Mit. dol
do
A.r., bil. dol
IQ 1966-100
344.94
153.46
143.8
92,245
45,553
80.7
75.3
362.37
159.69
149.7
97,522
47,710
92.4
91.5
364.12
160.62
149.9
98,431
48,133
93.3
92.2
93.9
112.5
118.6
113.2 112.9
48,435 47,153 50,504 48,776
114.3
NA
114.8
NA
116.1
NA
115.6
NA
355.99
159.85
147.9
87,298
45,268
69.3
70.7
344.11
152.07
142.6
89,640
44,680
73.9
68.0
338.01
149.43
141.8
91,952
45,439
79.7
72.5
-1.2
1.8
B 4 . Fixed C a p i t a l I n v e s t m e n t
Formation of Business Enterprises:
•12. Net business formation
13. New business incorporations
Business Investment Commitments:
10. Contracts aid orders, plant and equipment
•20. Contracts a.td ciders, plant and equipment,
1972 dollars
24, New orders, capital goods indus., nomtefense
27. New orders, capital goods industries,
nondefensu, 1972 dollars
l,l,L... 1967-100
L,L,L... Number
L.L.I Bil. dol
1.1
NA
27.99
24.83
23.82
23.79
27.61
28.66
27.69
24.99
-3.4
-9.8
-0.1
16.1
10
LLL
L,L,L...
do
do
1*4.11
24.01
12.42
20.64
12.08
19.93
12.08
19.91
14.23
23.04
14.35
22.23
14.46
24.29
12.48
21.48
0.8
9.3
-13.7
-11.6
0.
-0.1
17.8
15.7
20
24
L.L.L
do
12.38
10.62
10.41
10.43
12.28
11.63
13.01
10.99
11.9
-15.5
0.2
17.7
27
Table 1. Summary of Recent Data and Current Changes for Principal Indicators—Continued
Basic data2
Unit
of
measure
Series title and timing classification1
Percent change
Annual average
4th Q
1982
1981
1st Q
1983
2dQ
1983
May
1983
June
1983
July
1983
May
to
June
1983
June
to
July
1983
4th Q
to
1st Q
1983
lstQ
to
2dQ
1983
I. C Y C L I C A L I N D I C A T O R S — C o n .
B4. Fixed C a p i t a l I n v e s t m e n t — C o n .
Business Investment Commitments—Con.:
9. Construction contracts, commercial and
industrial buildings, floor space
11. Newly approved capital appropriations, mfg
97. Backlog of capital appropriations, mfg,5
L,C,U. Mil. sq. ft
U,Lg,U.... Bil. dol
C,Lg,Lg.... Bil. dot, EOP..
Business Investment Expenditures:
61., Business expend., new plant and equipment
69. Machinery and equipment sales and business
construction expenditures
76. Industrial production, business equipment
86. Nonresid. fixed investment, total, 1972 dollars
C,Lg,lg.... A.r.,bil.doL,
321.49 316.43 302.77 293.03 302.23
C,Lg,Lg....
do
C,Lg,U. 1967 = 100..
C,Lg,C... A.r., bil. dol...
348.65 325.76 309.65
181.1 157.9 147.2
174.4 166.1 160.5
Residential Construction Commitments and Investment:
28. New private housing units started, total
*29. New building permits, private housing....
89. Fixed investment, residential, 1972 dollars
L,L,L... Ax, thousands.
L,L,L... 1967 = 100
U,L... A.r., bil.dol
77.72
26.38
92.46
57.38
21.28
70.76
51.63
21.49
70.76
59.10
20.18
70.04
307.34
144.3
159.9
65.40
61.78
316.79 305.68 332.27
148.2
162.3
NA
151.3
8.7
1.2
NA
1.0
1,807
132.1
1,741
143.9
-3.0
7.6
-0.6
1.2
60,31
20.96
71.36
1,087
80.0
44.7
1,061
80.7
37.8
1,261
99.8
40.6
1,694
118.3
45.5
1,688
132.8
52.4
8.5
-9.4
-22.7
-15.4
-15.74
-36.2
-1.83
-14.83
-34.9
0.83
-2.36
7.1
0.83
14.5
-6.1
-1.0
2.0
3.9
1.9
3.1
9
11
97
3.1
2.7
69
76
86
34.3
18.5
12.1
-0.4
12.3
15.2
28
29
89
7.3
1,752
142.2
-4.0
1.77 -14.23
33.3 -14.2
0.03 -2.12
6.9
-3.2
61.20
11.4
30
B5. Inventories and Inventory Investment
Inventory Investment:
30. Change in business inventories, 1972 dollars3
•36. Change in inventories on hand and on order,
1972 dollars (smoothed6)'
31. Change in mfg. and trade inventories'
38. Change in materials on hand and on order3
L,L,L...
do..
L,L,
L,L,L...
....do..
LrL»l
Bil. dol
Inventories on Hand and on Order:
71. Mfg. and trade inventories5
Bil. dol., EOP.
70. Mfg. and trade inventories, 1972 dollars'
....do
L8.LB.LC....
65. Mfrs.' inventories of finished goods'
U.L8.LB,*77. Ratio, constant-dollar inventories to sales, mfg.
and trade3
Ls.Ls.Le-.- Ratio
78. Stocks of materials and supplies on hand and on
order, mfg.s
. L,Lg,Lg.... Bil. dol., EOP .
B6.
526.15 511.94 511.94
269.42 261.21 261.21
1.04
-8.0
0.98
NA
NA
NA
3.29
-18.3
-0.41
NA
NA
NA
0.91
1.3
2.66
12.47
42.0
0.
36
31
38
503.22 504.99 505.66 504.99
257.57 257.04 257.57 257.04
NA
NA
NA
-0.1
-0.2
-1.1
NA
NA
NA
-1.7
-1.4
-3.1
0.4
-0.2
-1.5
71
70
65
-0.07
-0.08
-2.25
10.3
1.39
89.55
85.07
85.07
82.41
81.21
82.12
81.21
1.67
1.75
1.76
1.69
1.61
1.60
1.57
221.56 196.07 196.07 198.57
-0.03
NA
1.3
-3.33
2.2
-0.01
2.93
4.2
1.38
0.3
8.0
78
201.08 200.09 201.08
Prices, Costs, a n d Profits
Sensitive Commodity Prices:
98. Change in producer prices, sensitive materials3
23. Spot market prices, raw industrials ©
*99. Change in sensitive materials prices (smoothed6)3
L,L,L... Percent
U,L,L... 1967=100...
Li,L... Percent
Stock Prices:
•19. Stock prices, 500 common stocks ©
L,L,L... 1941-43=10.
Profits and Profit Margins:
16. Corporate profits after taxes
18. Corporate profits after taxes, 1972 dollars
79. Corp. profits after taxes with IVA and CCAdj
80
do
, 1972 dollars
15. Profits (after taxes) per dollar of sales, mfg.3
26. Ratio, price to unit labor cost, nonfarm business
Cash Flows;
34. Net cash flow, corporate
35. Net cash flow, corporate, 1972 dollars
Unit Labor Costs and Labor Share:
63. Unit labor cost, private business sector .. .
68. Labor cost per unit of real gross domestic
product, nonfin. corporations
62. Labor cost per unit of output, manufacturing
a) Actual data
*b) Actual data as percent of trend . . .
64. Compensation of employees as percent of
national income'
L,L,L. A.r., bit. dol
L,L,L.
do
L,C,L...
do
L,C,L...
do
L,L,L Cents
L,L,L- 1977 = 100
-0.93
283.4
-0.58
-0.38
242.5
-0.67
-0.15
231.1
-0.46
1.51
251.7
1.44
2.07
251.5
1.36
3.20
250.5
0.94
-0.13
256.0
0.93
1.13
-0.4
-0.42
-1.27
4.6
0.52
98
23
99
2.8
95.8
108.2
51.7
120.3
57.5
3.3
96.3
124.1
59.0
139.7
66.6
NA
97.3
-4.7
-4.6
11.5
11.4
0.5
0.5
14.7
14.1
16.1
15.8
NA
1.0
16
18
79
80
15
26
267.3
125.2
275.5
127.9
278.9
130.3
307.5
1.2
1.9
10.3
10.7
34
35
142.1
153.3
155.6
156.9
156.8
0.8
-0.1
63
1.302
1.397
1.419
1.428
1.419
0.6
-0.6
68
230.8
97.4
227.7
94.3
0.3
-1.6
-1.3
-3.1
62
62
76.1
75.4
-0.3
-0.7
64
1.34
1.85
0.27
1.12
0.08
3.6
5.2
-0.40
-1.14
NA
2.0
1.5
85
102
104
105
106
-0.098 0.005
-0.053 -0.005
107
108
37.19 -8.16
54.34 -37.79
7.62 13.32
7.9
-2.0
NA
9.9
33
112
113
111
110
113.5
54.2
107.9
51.6
98.1
271.3
133.3
Lg,Lg,Lg.... 1977 = 100...
Lg,Lg,Lg.... Dollars.
209.0
100.2
228.0
101.0
Lg,Lg,Lg... 1967=100...
. Lg,Lg,Lg.... Percent
0.92
128.04 119.71 136.71 147.65 162.73 164.10 166.39 166.96
115.1
55,6
105.6
51.1
3.4
96.2
L,L,L... A.r., bil. dol...
do
L,L,l....
2.78
240.7
144.1
72.7
109.5
55.5
4.8
230.1
99.0
Lg,Lg,Lg.,.,
227.7
94.3
226.9
93.3
226.0
92.4
-0.4
-1.0
-0.4
-0.9
B7. M o n e y and Credit
Money;
85. Change in money supply (Ml) 3
102. Change in money supply (M2) 3
104. Change in total liquid assets (smoothed6)3
105. Money supply ( M l ) , 1972 dollars
•106. Money supply (M2), 1972 dollars
do...
L.L.L...
L,C,U...
do...
do...
L,L,L...
L,L,L... Bil. dol
do...
L,L,L...
0.52
0.81
0.95
789.8
0.69
0.73
0.86
198.5
813.9
829.3
209.3
872.3
0.94
0.71
NA
213.4
885.2
1.373
6.566
1.354
6.468
1.301
6.473
1.296
197.9
Velocity of Money:
107. Ratio, GNP to money supply (Ml) 3
108. Ratio, personal income to money supply (M2) 3
C,C,C..., Ratio
C,Lg,C...
6.870
1.418
Credit
33.
112.
113.
•111.
110.
.. L,L,L. A.r.,bi!.doL.
. L,L,L...
do
.. L,U...do
. L.L.L.... A.r., percent.
.. L.L.L.. A.r., bil. dol...
1.07
0.73
0.75
202.0
0.83
39.91
36.30
Flows:
Change in mortgage debt1
Change in business loans3
Change in consumer installment credit3
Change in credit outstanding3
Total private borrowing
Credit Difficulties:
14. Liabilities of business failures (inv.4) ©
39. Delinquency rate, installment loans (inv. 4 )"
-7.01 -34.90
2.29
16.79 -41.84
12.50
18.14 13.04 16.55 24.17
1.4
-5.9
2.0
7.1
319.58 279.48 282.36 310.37
.... L.L.L.... Mil. dol
579.60
2.37
.... L.L.L.... Percent, EOP -
NA
2.18
NA
2.18
NA
2.22
2.20
1.03
NA
214.1
884.7
0.74
0.52
NA
216.2
891.6
-1.35
-0.17
NA
0.7
0.7
1.294 -0.005
-5.87 -44.71
-25.29 -49.01
37.49 32.35
0.
-5.1
NA
NA
1.92
0.85
0.86
NA
215.5
890.5
NA
2.00
27.50
5.76
52.87
5.6
NA
4.98
NA
9.3
72.21
54.77
20.52
10.7
NA
1.92
NA
NA
NA
0.08
-0.11
-0.34
NA
0.3
0.1
0.
NA
-0.78
NA
3.7
NA
-0.04
NA
0.30
14
39
Table 1. Summary of Recent Data and Current Changes for Principal Indicators—Continued
Basic data'
Unit
of
measure
Series title and timing classification'
Percent change
Annual average
1981
1982
My
a
4th Q
1982
1st Q
1983
2dQ
1983
May
1983
June
1983
July
1983
June
1983
June
to
July
1983
4th Q
to
IStQ
1983
IStQ
to
1983
I. C Y C L I C A L I N D I C A T O R S — C o n .
B7. M o n e y a n d C r e d i t — C o n .
Band Reserves:
9>t. Free reserves (inverted1)3 ®
94. Borrowing from the Federal Reserve 1 ®
Interost Rates:
119, Feileral funds rate' ®
114. Treasury bill rate 3 ©
116 Coiporate bond yields 3 ®.
115, Treasury bond yields 4 ®
117. Municipal bond yields 3 ®...
118. Mortgage yields, residential' ®
67. Bank rates on short-term business loans' ®
•109. Aveage prime rate charged by banks' ®
,
Outstanding. Debt;
66. Consumer installment credit*
72. Commercial and industrial loans outstanding
•101. Commercial and industrial loans outstanding,
1971 dollars
*95. 3atk>, consumer install, credit to pers. income5
l,U,U.... Mil. dol
do..
L,Lg,U....
-1,051
1,359
-692
1,052
-142
577
-164
636
-735
1,203
Ug,Lg.... Percent
do...
C,Lg,Lg....
do...
Lg.Lg.Lg....
...do...
C,lg,Lg....
U,Lg,Lg....
...do..,
Lg,Lg,lg....
...do...
Lg,Lg,Lg....
do...
Lg,Lg,lg....
16.38
14.08
15.48
12.87
11.33
16.31
19.56
18.87
12.26
10.72
14.68
12.23
11.66
15.30
14.69
14.86
9.29
7.93
12.22
10.34
9.90
12.87
11.26
11.96
8.65
8.08
11.99
10.44
9.43
12.73
10.20
10.88
8.80
8.42
11.57
10.35
9.23
12.62
10.30
10.50
Lg,lg,lg.... Bil. dol., EOP.
lg,Lg,Lg..,. Bil. dol
do
Lg,lg,Lg....
Lg,Lg,lg.... Percent
-453 -1,234
902 1,714
-780
1,382
781
812
-454
-332
8.63
8.19
11.24
10.21
9.11
12.41
8.98
8.82
11.90
10.64
9.52
12.96
9.37
9.12
12.46
11.05
9.53
14.23
0.35
0.63
0.66
0.43
0.41
0.55
0.39
0.30
0.56
0.41
0.01
1.27
10.50
10.50
10.50
0.
571
567
-0.64
0.15
-0.23
0.10
-0.47
-0.14
-1.06
-1.08
0.15
0.34
-0.42
-0.09
-0.20
-0.11
0.10
-0.38
NA
326.27 339.32 339.32 345.36 354.73 350.32 354.73
227.06 266.42 268.83 266.15 261.32 259.80 260.28 260.69
1.3
0.2
NA
0.2
1.8
-1.0
2.7
-1.8
92.14 106.02 106.64 105.50 103.17 102.56 102.47 102.39
12.92 12.87 12.97
13.16 12.92 12.81 12,92
-0.1
0.10
-0.1
NA
-1.1
0.11
-2.2
0.
0.4
0
-0
0
0.4
-1.2
0.3
0.1
0.1
1.3
-0.1
0.
0.3
0.1
-0.3
0.3
-0.6
0.6
-1.0
0.9
1.3
0.4
0.9
0.4
0.
2.1
-0.1
0.6
0.1
II. O T H E R I M P O R T A N T E C O N O M I C M E A S U R E S
El Prices, W a g e s , a n d P r o d u c t i v i t y
B l . Price M o v e m e n t s
310.
320.
320c.
322.
330.
335.
331.
332.
333.
334.
Implicit price deflator, GNP
Consumer price index (CPI), all items ®
Changs in CPI, ail items, S/A 3 ,
CPI,fcod
Producer price index (PPI), all commodities ©
PPI, industrial commodities ®
PI'I, crude materials
PCI, intermediate materials
PF'I, capital equipment
PFI, finished consumer goods
1972-100...
1967 = 100...
Percent...
1967=100...
do
do
...do..,
..do...
...do...
195.1
272.4
0.7
274.6
293.4
304,1
329.0
306.0
264.3
271.3
206.9
289.1
0.3
285.7
299.3
312.3
319.5
310.4
279.6
280.9
210.0
293.4
0.
288.1
300.3
314.8
316.1
311.5
283.2
285.9
212.8
293.2
0.
288.9
300.5
313.8
317.2
309.5
284.9
282.9
214.7
296.9
0.4
291.6
301.7
313.9
323.8
309.3
286.6
283.1
297.1
0.5
292.2
301.7
313.8
323.9
308.9
286.6
282.9
298.1
0.2
291.3
302.5
315.4
323.5
311.4
287.3
284.4
299.3
0.4
291.0
303.2
316.6
319.7
312.2
287
284.6
0.3
-0.3
-0.3
0.3
0.5
-0.1
0.8
0.2
0.5
138.9
148.3
151.2
153.2
154.5
154.6
154.8
155.2
0.1
0.3
1.3
0.8
92.6
143.1
95.4
101.3
100.3
93.3
154.4
96.9
101.2
100.2
93.5
157.9
97.6
101.9
100.8
95.0
160.6
99.3
102.5
101.7
94.7
162.3
99.3
103.5
102.8
94.7
94.7
94.6
0.
-0.1
1.6
1.7
1.7
0.6
0.9
-0.3
1.1
0.
1.0
1.1
1.1
1.2
-0.4
-5.7
3.1
8.5
-1.5
0.
0.5
-5.0
-1.5
-8.8
-7.0
-3.7
-0.4
-0.1
-3.4
-3
-0.9
-8.7
-3.0
0.6
0.8
-1.9
-1.9
-3.8
2.2
-3.4
0.3
0.4
3.2
0.2
0.
-1.8
-0.7
0.
-1.1
0.3
0.
0.4
24.9
1.7
-1.7
7.5
2.4
0.8
19.6
4.6
1.1
11.4
3.6
1.3
3.1
13.3
-4.6
2.4
-0.4
1.9
-1.4
-16.7
-7.7
2.0
0.4
2.8
3.3
10.2
-6.5
-0.8
-30.9
18.7
-3.6
-3.8
-2.8
6.4
23.8
7.1
B 2 . Wages a n d Productivity
340. Average hourly earnings, production workers,
P'ivato nonfarm economy
341, Real average hourly earnings, production
warlteis, private nonfarm economy
345. Average hourly compensation, nonfarm business
346. Rea average hourly compensation, nonfarm business..
370. Output per hour, private business sector
358. Output psr hour, nonfarm business sector
1977=100...
...do..,
...do..
C. Labor F o r c e , E m p l o y m e n t , a n d
Unemployment
441.
442.
37.
444.
445.
446.
447.
Labor
451.
452.
453.
Total civilian labor force
Total civilian employment
Number of persons unemployed
Unerr ployed males, 20 years and over
Unempioytri females, 20 years and over..
Unemployed persons, 16-19 years of age..
Number unemployed, full-time workers
Force °arti;ipation Rates:
Males, 20 ;iears and over1
Females, 2 ) years and over3
Both sexes, 16-19 years of age3.
t).
Dl.
Millions
. do
Thousands...
....do
...do..
...do.,
Percent
....do
....do
108.67 110.20 110.97 110.53 111.16 110.75 111.93 111.88
100.40 99.53 99.14 99.09 99.93 99.56 100.79 101.28
8,273 10,678 11,839 11,439 11,222 11,192 11,146 10,590
3,615 5,089 5,829 5,642 5,532 5,605 5,288 5,208
2,895 3,613
3,961 3,926 3,777 3,744 3,859 3,521
1,913 1,843
1,999 1,860
1,763 1,977
2,049 1,871
6,795 9,006 10,118 9,811 9,478 9,438 9,294 8,949
79.0
52.1
55.4
78.7
52.7
54.1
78.8
52.9
54.1
78.1
52.9
53.0
78.4
52.9
53.4
78.3
52.7
52.2
78.6
53.1
55.4
78.8
53.1
53.6
G o v e r n m e n t Activities
Receipts and Expenditures
500.
501.
502.
510.
511.
512.
Federal Government surplus or deficit3
Federal Government receipts
Federal Government expenditures.
. .
State and local government surplus or deficit3. .
State and local government receipts
State ard local government expenditures
517.
525.
548.
557.
570.
564.
Defense Department obligations incurred
Defense department prime contract awards
New orders, cefense products
Output of defunse and space equipment
Employment in defense products industries
National defense purchases
D2.
A.r.r bit. dot
...do
..do
..do
-62.2 -147.1
627.0 617.4
689.2 764.4
31.3
35.3
418.1 439.1
382.7 407.8
-208.2 -183.3 -163.7
612.6 623.3 652.0
820.9 806.6 815.7
51.8
32.9
40.4
450.7 461.7 478.5
417.8 421.3 426.7
Defense Indicators
Mil. dol...
..do..
do
1967 = 100...
Thousands
A.r., bil. dol...
15,945 18,908 19,824 20,429 20,135 19,554 21,518
8,065 10,718 10,977 12,434 10,352 10,111 10,814
4,917 6,246 7,497 7,152 6,600 4,782 7,939
102.7 109.3 113.8 116.5 118.8 118.6 119.5
1,362 1,362 1,366
1,392 1,371
1,362 1,356
154.0 179.4 190.8 194.4 199.9
NA
NA
6,786
120.5
NA
19,456 17,694 16,290 16,824 16,216 15,566 17,008
3,608 3,053 2,700 2,975 2,861 2,715 2,977
4,456 4,007 3,745 3,501 3,404 3,433 3,265
21,751 20,329 19,684 19,520 20,770 21,514 21,024
6,319 4,964 4,961 3,429 4,246 5,284 4,203
2,190 2,442 2,254 2,675 2,866 3,001 2,851
NA
NA
NA
NA
NA
NA
10.0
7.0
66.0
0.8
0.3
NA
NA
-14.5
0.8
NA
E. U.S. International T r a n s a c t i o n s
E l . Merchandise Trade
602.
604.
606.
612.
614.
616.
Exports, excluding military aid shipments, total.
Exports of domestic agricultural products
Exports of nonelectrical machinery
General import!, total
Imports of petroleum and products
Imports of automobiles and parts
Mil. dol...
...do..,
..do..,
9.3
9.6
-4.9
-2.3
-20.5
-5.0
NA
NA
NA
NA
NA
NA
Table 1. Summary of Recent Data and Current Changes for Principal Indicators—Continued
Basic data'
Series title
Unit
of
Percent change
Annual average
1st Q
measure
1982
1980
2dQ
1982
3dQ
1982
4th Q
1982
1st Q
1983
20 Q
1983
3dQ
to
4th Q
1982
4th Q
to
1st Q
1983
1st Q
to
2dQ
1983
II. OTHER IMPORTANT ECONOMIC
MEASURES—Con.
E2. Goods and Services Movements Except
Transfers Under Military Grants
667.
668.
669.
622.
618.
620.
651.
652.
Balance on goods and services3
Exports of goods and services
Imports of goods and services
Merchandise trade balance3
Merchandise exports
Merchandise imports
Income on U.S. investments abroad
Income on foreign investments in the U.S
Bil.dol...
...do.,
.do..
. .do.
..do.
. .do.
....do..
.do..
2.62
1.87
85.52
83.65
-6.39
56.06
62.44
18.11
10.72
2.88
93.66
90.78
-7.02
59.25
66.27
21.56
13.19
-0.80
87.08
87.88
-9.10
52.80
61.90
21.04
14.21
89.76
87.14
-6.10
55.64
61.74
20.76
13.82
A.r., bil.dol..
do..
A.r., dollars..
A.r., bil. doL
...do
...do
A.r., dollars..
2631.7
1475.0
6,478
1479.4
1828.9
1021.6
4,487
2954.1
1513.8
6,584
1505.3
2047.6
1054.7
4,587
3073.0
1485.4
6,399
1494.8
2176.5
1060.2
4,567
3021.4
1485.8
6,424
1495.9
2127.9
1055.1
4, 562
A.r., bil.dol.
..do. .
..do.,
.do.
3.24 -4.85 -4.19
90.79 86.93 80.84
87.55 91.79 85.03
-5.85 -13.08 -11.35
55.00 52.24 48.34
60.85 65.32 59.70
22.32 21.57 19.50
14.78 14.75 13.49
-1.48
NA
81.17
NA
82.65
NA
-8.74 -14.84
49.56 49.03
58.30 63.87
17.81
NA
12.58
NA
0,66
-7.0
-7.4
1.73
-7.5
-8.6
-9.6
-8.5
2.71
0.4
-2.8
2.61
2.5
-2.3
-8.7
-6.7
NA
NA
NA
-6.10
-1.1
9.6
NA
NA
667
668
669
622
618
620
651
652
3270.0
1523.4
6,511
1527.4
2303.0
1082.5
4,626
0.6
-0.3
-0.6
1.1
1.7
0.6
0.4
2.0
0.6
1.3
0.7
0.5
3.1
2.2
2.0
1.5
2.1
0.8
0.6
200
50
217
213
224
225
227
1668.1 1857.2 1991.9 1938.9 1972.8 2008.8 2046.9 2073.0 2148.4
931.8 956.8 970.2 961.4 968.8 971.0 979.6 986.7 1009.9
214.7 236.1 244.5 239.4 242.9 243.4 252.1 258.5 278.0
137.5 141.2 139.8 138.5 139.5 138.2 143.2 145.8 156.3
668.8 733.9 761.0 749.7 754.7 766.6 773.0 777.1 798.2
355.6 362.5 364.2 362.6 363.5 364.7 366.0 368.9 374.2
784.5 887.1 986.4 949.7 975.2 998.9 1021.8 1037.4 1072.2
438.8 453.1 466.2 460.4 465.7 468.2 470.4 472.0 479.4
1.9
0
3.6
3.6
0.8
0.4
2.3
0.5
1.3
0.7
2.5
1.8
0
0.8
1.5
0
3.6
2.4
7.5
7.2
2.7
1.4
3.4
1.6
230
231
232
233
236
238
237
239
A. National Income and Product
A l . GNP and Personal Income
200.
50^
217.
213.
224.
225.
227.
GNP, current dollars
GNP! 1972 dollars
Per capita GNP, 1972 dollars
Final sales, 1972 dollars
Disposable personal income, current dollars
Disposable personal income, 1972 dollars
Per capita disposable personal income, 1972 dollars
230.
231.
232.
233.
236.
238.
237.
239.
Total, current dollars
Total, 1972 dollars
Durable goods, current dollars
Durable goods, 1972 dollars
Nondurable goods, current dollars.. . .
Nondurable goods, 1972 dollars
Services, current dollars
Services, 1972 dollars
240.
241.
242.
243.
245.
30.
Total, current dollars
Total, 1972 dollars
Total fixed investment, current dollars
Total fixed investment, 1972 dollars
Change in business inventories, current dollars1..
Change in business inventories, 1972 dollars3
3070.2
1489.3
6,425
1492.7
2159.0
1060.2
4,574
3090.7
1485.7
6,393
1487.0
2191.5
1059.3
4,558
3109.6
1480.7
6,355
1503.4
2227.8
1066.1
4,576
3171.5
1490.1
6,382
1505.5
2255.9
1073.8
4,599
A2. Personal Consumption Expenditures
.do.
...do..
A3. Gross Private Domestic I n v e s t m e n t
401.9
208.5
411.7
212.9
-9.8
-9.8
474.9
227.6
456.5
219.1
18.5
18.5
414.5
194.5
439.1
203.9
-24.5
-24.5
422.9
199.7
448.6
209.9
-25.7
-10.2
432.5
201.4
443.7
204.9
-11.2
-3.4
425.3
198.4
430.2
199.8
-4.9
-1.3
377.4
178.4
433.8
201.1
-56.4
-22.7
404.1
190.0
443.5
205.4
-39.4
-15.4
451.8
210.6
463.7
214.6
-11.9
-4.0
-11.3
-10.1
0.8
0.7
-51.5
-21.4
7.1
6.5
2.2
2.1
17.0
7.3
11.8
10.8
4.6
4.5
27.5
11.4
240
241
242
243
245
30
...do..
...do..
...do..
...do..
537.8
284.3
197.0
106.4
340.8
177.9
595.7
286.5
229.2
110.4
366.5
176.1
649.2
291.8
258.7
116.6
390.5
175.2
629.8
289.4
249.7
114.5
380.0
174.9
631.6
285.8
244.1
110.3
387.5
175.4
655.7
292.2
261.7
116.9
394.0
175.3
679.7
299.7
279.2
124.4
400.5
175.2
677.4
292.9
273.5
118.4
404.0
174.5
682.1
291.9
272.7
117.6
409.4
174.3
3.7
2.6
6.7
6
1.6
-0.1
-0.3
-2.3
-2.0
-4.8
0.9
-0.4
0.7
-0.3
-0.3
-0.7
1.3
-0.1
260
261
262
263
266
267
...do..
...do.,
...do..
...do..
...do..
...do..
23.9
50.3
338.8
159.1
314.8
108.8
26.3
43.0
368.8
159.7
342.5
116.7
17.4
28.9
347.6
147.3
330.2
118.4
29.9
35.2
358.4
151.8
328.5
33.3
33.4
364.5
154.5
331.2
121.1
0.9
24.0
346.0
146.4
345.0
122.4
5.6
23.0
321.6
136.5
316.1
113.5
17.0
20.5
326.9
137.3
309.9
116.8
-12.3
11.0
322.8
134.4
335.1
123.4
4.7
-1.0
-7.1
-6.8
-8.4
-7.3
11.4
-2.5
1.6
0.6
-2.0
2.9
-29.3
-9.5
-1.3
-2.1
8.1
5.7
250
2,55
252
256
253
257
2116.6 2373.0 2450.4 2419.7 2448.9 2458.9 2474.0 2528.5 2612.0
1599.6 1769,2 1865.7 1834.2 1859.9 1879.5 1889.0 1923.7 1968.8
117.4 120.2 109.0 111.2 104.9 103.6 116.2 120.6 129.7
47.4
52.3
41.4
49.9
54.1
54.8
31.5
49.0
50.9
175.4 192.3 164.8 162.0 166.8 168.5 161.9 181.8 214.7
192.6 249.9 261.1 265.0 268.3 256.4 2 54.7 248.3 244.0
0.6
0.5
12.2
2.8
-3.9
-0.7
2.2
1.8
3.8
3.4
12
-2.5
3.3
2.3
7.5
1.3
18.1
-1.7
220
280
282
284
286
288
-11.7
1.0
-1.8
-48.3
-0.2
13.4
3.4
0.7
32.4
0.
5.7
5.0
-24.2
31.0
-1.4
290
295
292
298
293
..do..
..do..
...do..
...do..
...do.,
...do..
A4. Government Purchases
of Goods and Services
260.
261.
262.
263.
266.
267.
Total, current dollars
Total, 1972 dollars
Federal Government, current dollars
Federal Government, 1972 dollars
State and local governments, current dollars...
State and local governments, 1972 dollars
250.
255.
252.
256.
253.
257.
Net exports of goods and services, current dollars3
Net exports of goods and services, 1972 dollars3
Exports of goods and services, current dollars
Exports of goods and. services, 1972 dollars
Imports of goods and services, current dollars
Imports of goods and services, 1972 dollars
...do..,
...do..
A5. Foreign Trade
116.6
A6. National Income and Its C o m p o n e n t s
220.
280.
282.
284.
286.
288.
National income
Compensation of employees
Proprietors' income with IVA and CCAdj
Rental income of persons with CCAdj ..
Corporate profits with IVA and CCAdj
Net interest
.do.
.do...
.do...
..do....
..do...
.do...
A7. Saving
290.
295.
292.
298.
293.
Gross saving (private and government).
Business saving
Personal saving
Government surplus or deficit3
Personal saving rate3
..do...
..do...
..do...
Percent
405.9
325.2
110.2
-30.7
6.0
483.8 405.8
374.4 396.2
135.3 125.4
-26.9 -115.8
6.6
5.8
NOTE; Series are seasonally adjusted except for those, indicated by © , that appear to contain no seasonal
movement. Series indicated by an asterisk (*) are included in the major composite indexes. Dollar values are in
current dollars unless otherwise specified. For complete series titles and sources, see "Titles and Sources of
Series" at the back of this issue. NA, not available, a, anticipated. EOP, end of period. A.r., annual rate. S/A,
seasonally adjusted (used for special emphasis). IVA, inventory valuation adjustment. CCAdj, capital consumption
adjustment.
1
The three-part timing code indicates the timing classification of the series at peaks, at troughs, and at all
turns: L, leading; C, roughly coincident; Lg, lagging; U, unclassified.
434.4
383.3
130.8
-79.7
6.1
439.5 397.9 351.3 398.5 421.1
393.6 401.9 405.8 419.7 440.8
92.2
127.1 123.0 120.8 121.7
-81.2 -127.0 -175.3 -142.9 -111.9
5.4
5.4
4.0
5.9
5.6
2
For a few series, data shown here are rounded to fewer digits than those shown elsewhere in BCD. Annual
figures published by the source agencies are used if available.
3
Differences rather than percent changes are shown for this series.
'Inverted series. Since this series tends to move counter to movements in general business activity, signs of
the changes are reversed.
1
End-of-period series. The annual figures (and quarterly figures for monthly series) are the last figures for the
period.
'This series is a weighted 4-term moving average (with weights 1, 2, 2, 1) placed on the terminal month of
the span.
CYCLICAL INDICATORS
A
I
COMPOSITE INDEXES AND THEIR COMPONENTS
Chart A l . Composite Indexes
July May
P T
Aug. Apr.
P T
Apr. Fib.
P T
Dec, Nov.
P T
Nov.
P
Mar.
T
JanJuly July
P T P
Nv
e
T
teading Nfators
,8.12,19,20,29,82,
of 6 tagging imfkators
62, 77, 91,95,101,109)
X948 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 821983
NOTE: Numbers entered on the chart indicate length of leads ( - ) and lags ( + ) in months from reference turning dates.
Current data for these series are shown on page 60.
10
AUGUST 1983
KCII
CYCLICAL INDICATORS
IA
I
COMPOSITE INDEXES AND THEIR COMPONENTS—Continued
Chart A l . Composite Indexes—Continued
Nov. Oct.
P T
July May
P T.
Aug. Apr.
P T
Apr. Feb.
P T
Nov. Mar.
P
T
Dec. Nov.
P T
I employment adjustments (series 1 , 2 , $ 5 )
—
'
T ••;
-fK-
Jan. July July Nov.
P T
P
T
Mwl9fi-rl|ft
^L
11010090-
914. Cagp investment commitments (series 12, M p )
iventof^lvestment and purchasing (series 8 , 3 2 , H 9 9 )
-/last ,
916. ProftaMty (series l? f 26,
ws (series 104,106, i l l )
r
mr
L0JW5
1948 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80
NOTE: Numbers entered on the chart indicate length of leads ( - ) and lags ( + ) In months from reference turning dates.
Current data for these series are shown on page 60.
AUGUST 1983
11
CYCLICAL INDICATORS
A
u.
I
COMPOSITE INDEXES AND THEIR COMPONENTS—Continued
—,J
Chart A2. Leading Index Components
Jan. July July Nov.
F T P
T
Nov. Oct.
P T
martrfa rtig ( I K H ) . r r m
41-
39*
200300*
40050060070040*
35-
(thdmnds—inverted scale) 1777
and materials, 1972 dollars
SMMew orders (
i!.v|
/
30-
dot)
252015 *i
performance, percent of company receiving $ W j | |
varies (percent)
-^
100755025140130-
12Jpet business formation (index: 1967=*100)
1201101001816141210-
for mmt and equipment,
6-
1948 49 50 51 V)2 53 54 55 §6 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 821983
Current data for these series are shown on pages 6 1 , 64, 65, and 66.
12
AUGUST 1983
RCII
CYCLICAL INDICATORS
IA
COMPOSITE INDEXES AND THEIR COMPONENTS—Continued
Chart A2. Leading Index Components—Continued
Jan J u l y July
Nov.
F T P
T
. New buMhft permits,p^ivatehousing units (index: 1 9 6 7 - p j
LLL
36. Net change in inventories on hand and on order, 1972 dollars, smoothed1 (ann. rate, btf. dol.)
99. Change in sensitive materials prices, smoothed1 (pert&rt)
111. Chanee m credit outstanding—business and consumer
lann, rate, percent)
i_rLL.[
19. Stock prices, 500 common stocks
(index: [194143 }
106. Money suppiy~M2-in 1972 doHars (bil. dol.)
LIE
JlilP,
"
LPUri
lilt
- Jill
1948 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 7B 77 78 79 80 81 821983
'This is a weighted 4-term moving average (with weights 1,2,2,1) placed on the terminal month of the span.
Current data for these series are shown on pages 6 7 , 6 8 , 69, 7 1 , and 72.
BCD
AUGUST 1983
1
3
CYCLICAL INDICATORS
COMPOSITE INDEXES AND THEIR COMPONENTS—Continued
Chairt A3. Coincident Index Components
Jan July July Nov.
P T
P
T
I,
m /
41. Emptoyees on nofiagricultura] payrolls ( p | o m )
m
51. Personal mM& less trans
1972 (Marflroi. rate, biij
47. Industrial product^ total (index:i|67-100)
/
57. Manufatturkig ami trxfe sales.
WZ mm$ (bil. # ;
1948 49 50 51 52 53 54 5S 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 821983
Currant data for the to « r i « are shown on pag«s 62, 63, and 69.
14
AUGUST 1983
CYCLICAL INDICATORS
COMPOSITE INDEXES AND THEIR COMPONENTS—Continued
Chart A4. Lagging Index Components
Nov. Oct.
P T
July May
P T
Aug. Apr.
P T
Apr. Feb.
P T
J! 9 1 . Average duration of
Dec. Nov.
P
T
Nov.
Mar.
P
T
Jan J u l y July
P T
P
Nov.
T
(weeks-inverted scale)
77. Ratio, constant-dollar inventories to sales, manufacturing
and t H
i
/tig
62. Labor cost per unit of output, manufacturing—actual data
as per^bt of trend (percent)
'
109. Average prime rate charged by banks (percent)
101. Commercial and industrial loans outstanding
in 1972 dolars ( t i l dol.)
, consumer installment credit to persona! income (percent)
1948 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 821983
Current data for these series are shown on pages 6 2 , 6 8 , 7 0 , and 73.
BCII
AUGUST 1983
1
5
CYCLICAL INDICATORS
B
—
I
CYCLICAL INDICATORS BY ECONOMIC PROCESS
J
Chart B l . Employment and Unemployment
Jan. July
P T
Apr. Feb.
P T
Aug. Apr.
P
T
July
P
Nov.
T
81
82 1983
I Employmeg|.^djustment$|
1. Average workweek,
21. Average weekly overtime hours, prod
workers, manu
2. Accession rate.
acturmg (per 1
MM
U
5. Average weekly Initial claims, State
—inverted scale)
3. Layoff rate, manufacturing (per 1
4. Quit rate, manufacturing ( H I O O employees)
1956 57
53
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
Current data for thes* series ars shown on page 6 1 .
16
AUGUST 1983
KCII
CYCLICAL INDICATORS
B
I
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
Chart B l . Employment and Unemployment—Continued
Aug. Apr.
P
Apr. Feb.
Jan. July
P T
Dec. Nov.
P
T
FT
T
July
P
Nov.
T
81
82 1983
if 60. Ratio, hetp-wa
of persons
Help-wanted advertising (index: 1 9 6 7 = 1 0 0 )
48.
Employee-hours i
(ann. rate, bil,
42,
Persons engaged in nonagricultural ac
al payrolls (millions)
40.
1956 57
58
59
60
61
62
63
64
65
66
-Droducinc Industrie
Employees in
67
68
69
70
71
72
73
76
77
78
79
80
Current data for these series are shown on pages 6 1 and 62.
AUGUST 1983
17
CYCLICAL INDICATORS
B
I
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
Chart 131. Employment and Unemployment—Continued
fug. Apr.
P T
Dec. Nov.
P
T
Apr. Feb.
P T
ian. July
P T
Emi§!ient-Con. ]
J. "f
, clvlan employment to total population of w o U a g e (percent)
5655'
ensive UneB|yrrtent |
37. Number unemployed, total (mlfe#~inverted scale) -
4-1
y^L
43. Ofumptoyment rate, total (pH|t-inveft«d scalf |
in
45, Average weekly insured unemployment rate
1
/
I! /YiIL/^
Sli /'
^
;w i ,
1
r
HIT
f*"*
"•
"
!
wWwk**
Hag ^ ^ J
r 1mi
1
: Si r^r
;
iji/
Average duration of imemptoyment ( g p s -
-toverted s c a f e l
44, Un«mpk>ym«nt rate, persons i
' _iimr' J
•
I weeks and over I
•
§
\
it—diverted scale)
si,
1956 57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82 1983
Currant data for thttw url«« «r« thown on page 62.
1
8
AUGUST 1983
CYCLICAL INDICATORS
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
Chart B2. Production and Income
Aug. Apr.
P T
Jan. July
P T
Apr. Feb.
PI
July
P
Nov.
T
81
82 1983
sive Outmljand Income
50. GNP in 1972 dotiars, Q (ann. rate,
52. Personal income in M ? 2 dollars (ann. rate, bH. dol.)
51. Personal income less transfer payments in 1972 dollars
( m rate, bfcft)
53. Wages and
construction
s in mining
72 dollars (ann. rate,
JL/l
1956 57
58
59
60
61
62
63
64
65
66
67
69
70
71
72
73
74
75
76
77
78
79
80
Current data for these series are shown on page 63.
AUGUST 1983
19
CYCLICAL INDICATORS
B I
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
Chart B2. Production and Income—Continued
Jan. July
T
Aug. Apr.
P T
July
P
Nov.
T
47. Industrial production, total (mde^ 1967=100)
CX
/ mm y
74. Industrial production, p^urabk mamjfactum
(index: l967-100)!"^Ht
^
49. Value wSm* outputfa1972
(m rflb. doL)
( flb dL)
84.
1956
57
S8
59
60
6i
62
63
64
65
I
Rate of capacity
66
67
68
69
70
71
72
73
74
75
76
77
78
79
31
82
1983
Current data for those series are shown on pages 63 and 64.
20
AUGUST 1983
CYCLICAL INDICATORS
B
I
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
Chart B3. Consumption, Trade, Orders, and Deliveries
Aug. Apr.
P
Dec. Nov.
P T
Apr. Feb
T
P
T
[Ofdjjand Delivery
6. New orders, durable
twmdollars (bil,dol.)t
'" -Jr. .
.
j
V .
U
New orders, durable
(bil.dol.)
8. New orders for consumer goods and mat
in 1972 dollars
(blM)
L
goods Indus
term)
25. Change in unfilled orders/
(bil. dol.; MCD moving av
L
96. Manufacturers' unfied orders
(hi L)
32. Vendor perfofmance,
receiving slower delive
1956 57
58
59
60
61
62
63
64
65
66
67
68
69
of companies ;
cent)
70
71
72
73
74
75
76
77
78
79
80
31 82 1983
Current data for these series are shown on page 64.
AUGUST 1983
21
CYCLICAL INDICATORS
CYCLICAL. INDICATORS BY ECONOMIC PROCESS—Continued
Chart B3. Consumption, Trade, Orders, and Deliveries—Continued
Apr. Feb.
P
T
Aug. Apr.
P T
Dee. Nov.
P
T
Nov.
P
Jan. July
P T
Mar.
T
July
P
1 Coemption and Trade]
56. Manufacturing and trade sales «r.#rretit Mars
Industrial production,
54. Sales of retail store$mx;urrent dollars ( I n g g - * - 59. S4i«s of retail stores in 1972 dolars ( b i M )
• Jlr;
1956 57
•
SB
59
fiii'iL .
60
61
.
. • .,
62
.-.:
63
r.
64
,
65
66
, . . n j . i . . .• • i f J s M i l ^ ; u ;. u. .
67
68
69
70
71
72
MfflrT • .
73
74
75
.
76
77
78
79
80
81
82 1983
Currant data foi* thuto series are shown on page 65.
22
AUGUST 1983
BCII
CYCLICAL INDICATORS
B I
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
Chart B4. Fixed Capital Investment
Aug. Apr.
P T
Apr. Feb.
P T
Dec. Nov.
P
T
Jan. July
P T
July
P
Hm,
160-
of Busings Enterprises 1
12. Net business
140*
formation (index:
120100-
6555 «
45-
13, New business i
(thousands) i
|j
35-
25 J
35-
30 «
25-
10. Contracts and orctefs for plant and equipment
in current < H a r * f l l dol.)
fes Investment Commitments |
20-
15-
10-
20.
Contracts and orders for plant and equipment
in 1972 doflars (bil. dol.)
302520-
15-
Manufacturers' new orders, capiaf goods industries,
nondefense, in current dollars ( i > | dol.)
1
I /
27.
_
Manufacturers' new orders, capital goods industries,
nondefenm j ^ 1972 dollars (bil. dol.)
1009080-
70 «
6090-
2
is
].... 9. Construction contracts.
(mil. sq. ft, of floor area; MCD moving avg.—6-term
40-
30-
1956 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 1983
'This it 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 pages 65 and 66.
AUGUST 1983
23
CYCLICAL INDICATORS
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
Chart B4. Fixed Capital Investment—Continued
Jan. iuSy July
P I P
Aug. Apr,
P
T
Nov.
T
mmitments—Con, I
97. Backlog of capital appr
(M-dol.)
11. New capital appropr
Q
(b». doi) nr
61! Business ex
(ann. rate, b i
69. Machinery and equipment s
construction expenditures
Cl
business
e, by. dot.)
production,
: 1967-100)
80-
601956 57
53
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82 1983
Current date for Uiet« series are shown on pages 66 and 67.
24
AUGUST 1983
BCII
CYCLICAL INDICATORS
B
I
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
Chart B4. Fixed Capital Investment—Continued
Aug. Apr.
P T
Apr. Feb.
P T
Dec. Nov.
P
T
Nov.
P
Jan. July
P T
Mar.
T
July
P
[Busffs Investm^f^enditures-Con.l
wp$identiai fixed investment in 1972 dollars, Q (arm.JiH bit. dol.)
88. Producers' durable
ial Construron Commitments and Investment!
28. New private housing unpfs|arted, total (
LU
29. New building permits, priva
89. Residential fixed
(arm. rate, bit.
1956 57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
75
76
77
78
79
80
81
82 1983
Current data for these series are shown on page 67.
AUGUST 1983
2
5
CYCLICAL INDICATORS
B
I
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
Chart 135. Inventories and Inventory Investment
Jan. Jy!y July
F T P
Nov.
T
30. Change in business inventories,
UX
1.H4
1
36. Net change in inventories on hand ami ori
(arm. rate, bit. dot; moving avg.—4-t
31. Change in book value, manufacturing and
(arm. rate, btl. doi.; MOD moving avg.—6-t
. Change in stocks of materials and supples on
manufacturing ( b i . doJ.; MCD moving avg.—4
19S6 97
Ea
i
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82 1983
'Thlt It a weignte4 4 t « r m moving average (with weight* 1,2,2,1) placed on the terminal month of the span.
Current data for ttiese tor let are shown on page 68.
26
AUGUST 1983
BCII
CYCLICAL INDICATORS
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
Chart B5. Inventories and Inventory Investment—Continued
July
P
Nov.
T
es on Hand and on Order!
H00-|
550500450-
71.
400-
Book value, manufacturing
current ^ s
(bil. dol.)
350300250-
. Manteturing and trade inventories, 1972 dollars (bil. dol.)
200-
I
150100-1
90807060-
65. Book value of manufacturers' inv
i of finished goods (bH. dol.)
50-
40-
30-
20-
1.9-
77. Ratio, constant-dollar invent
and trade (ratio) f i ___L_r Lc
1.81.7-
li1.5260-1
240220^
200180160140120-
78. Stocks of materials and supplies
manufacturing (by. dot.)
100-
80-
60-
40->
1956 57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
75
76
77
78
79
80
81
82 1983
Current data for these series are shown on page 68.
AUGUST 1983
27
CYCLICAL INDICATORS
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
Chart B6. Prices, Costs, and Profits
Aig.
Apr.
f
T
Dec.
P
T
CommoditPftces
Nov.
P
Apr. Feb.
T
Jan. July
P
July
Nov.
T
P
T
80
81
98. Change in producer prices *<mm sensitive mate
(percent; MCD movingavf.-r-6
99. Change in sensitive materials
avg.—4-terni1)
23. Spot market prices, raw industrials* (
19.
Stork nrtrfts. 550 common
18. Cofporate profits after taxes, 1972
(aim, rate, hi. dol)
1996 57
58
82 1983
'Thtt.ls a wclghttd V t t r m moving *v«r«g« (with weights 1,2,2,1) placed on the terminal month of the span.
'Beginning with data for June 1 9 8 1 , this Is a copyrighted series used by permission; it may not be reproduced without written permission from Commodity Research Bureau, Inc.
Current data for thtise s«rtes are shown on page 6 9 .
28
AUGUST 1983
BCD
CYCLICAL INDICATORS
B
I
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
Chart B6. Prices, Costs, and Profits—Continued
Aug. Apr.
P T
Jan. July
P T
July
P
Nov.
T
Protend Profit jiins-fon.|
80. Corporate profits after taxes w
1972 dollars, Q (ann. rate, bit.
79. Corporate profits after taxes with IVA ami CCAdj, I
torrent dollars, Q (ann. rate|ff dol.)
frjn
•
ith inventory valuation an
26. Ratio. Drice to unit labor cost, nonfarm
35. Net cash flow, corporate, in
(ann. rate, bil. dol.)
te, injurrent doltafs, Q
LLL
III
1956 57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
i - •,
72
l.JlJLiOlJL'.
73
74
75
76
77
78
Current data for these series are shown on pages 69 and 70.
BCII
AUGUST 1983
29
CYCLICAL INDICATORS
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
Chart BS. Prices, Costs, and Profits—Continued
Nov.
P
Jan. July
P T
Mar.
T
July
P
Nov.
T
63. Unit labor cost, private business
(index: 1977-100)
Labor cost (current dolars) per unit of
(1972 dolars), nonfinanciaJ corporations, Q
62. Labor cost per unit of output,
Compensation of employees as a percent of
Q (percent)
1956 57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
73
79
80
81
82 1983
Current data for t h « * tarltt ar« shown on p»ga 70.
30
AUGUST 1983
CYCLICAL INDICATORS
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
Chart B7. Money and Credit
Aug. Apr.
P T
Apr. Feb.
P T
Dec.
P
Nov.
T
je in money supply M l
ent; MCD moving avg.—6-term)
Jan. July
P T
J.
July
P
Nov.
T
iM
Change lit money supply M2
(percent; MCD moving avg.—6-term) 11 C.U
Change in total liquid assets (percent; moving
Money supply—Ml—in 1972 dollars (bii. dol.)
L
106, Money supply-M2-in 1972 doiiars (bil. dol.)
L f LL
I: Ji§
108. Ratio, person
1956 57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82 1983
'Thii it a weighted 4-term moving average (with weight* 1,2,2,1) placed on the terminal month of the span.
Current data for these series are shown on page 7 1 .
BCD
AUGUST 1983
31
CYCLICAL INDICATORS
B
I
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
Chart B7. Money and Credit—Continued
Apr. Feb.
Aug. Apr.
P
P
T
Dec.
Nov.
P
T
T
mm
33. Change in mortgage debt (aim. rate
112, Change m business bans (aon. rate, Wl
MCO movfcig avg.—6-term)
13. Change in consumer instalment credit (mm
L.LL
111. Change in credit outstanding—
i
(ami. rate, percent)
mM\
Total private borrowing, Q (
X956 57
!8
)
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82 1983
Current data for th»*»t »«rlos ar« shown on pages 7 1 and 72.
32
AUGUST 1983
CYCLICAL INDICATORS
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
Chart B7. Money and Credit—Continued
Jan. July
P T
Aug. Apr.
P T
July
P
Nov.
T
81
82 1983
ICreiDifficultiesI
14 Current iia
inverted sca(|iMCD moving avg.
I
39. Delinquency rate, 30 days and over f ^^umer installme
(percent—inverted scale)
]IH.LL~
[BarlMeservesl
93. Free reserves (bit.
94. Member bank
the federal Reserve <
1956 57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
Current data for the$« series ere shown on page 72.
AUGUST 1983
33,
CYCLICAL INDICATORS
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
Charit B7. Money and Credit—Continued
Jan. My Jyly Hm,
P T
P
T
i l l Secondary market « R oil FHA
1956 57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
73
79
80
81
32 1933
Currant data for th«it« s«rl«t ar« thown on paga* 72 and 73.
34
AUGUST 1983
CYCLICAL INDICATORS
B
I
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
Chart B7. Money and Credit—Continued
Apr. Feb.
P T
Aug. Apr.
P T
Jan. Juiy
P T
July
P
Nov.
T
81
82 1983
67, Bank rates on short-term business
72. Commercial and • • t r i a l loans outs
dolars (bi. (tot.)
1956 57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
Currant data for these series are shown on page 7 3 .
AUGUST 1983
35
CYCLICAL INDICATORS
C
DIFFUSION INDEXES AND RATES OF CHANGE
C h a t t e l . Diffusion Indexes
Aug;, Apr.
P
T
ian. July
P T
Dec. Nov.
P
T
Apr. Feb.
P
T
950,
.July
P
Nov.
T
Twelve leadn* tmifcator
100-
ao-
951.
Four rou#y coincident indicator
100*1
50-
o952.
Six lagging indicator components ( f l K . s p a n — , 1
100-
50-
Average worfeweefc, production workers, manufadgBg— 20 Industrie
100-1
50-
WtiaJ claims, State unemployment i n s u r a n c e — 5 1 ^ s (percent
$pan«— t hm.
span-
100-
50-
0Empk)ye«s on private nonagncurtural p a y r o f f s — 1 ? H $ mctustries (
100-|
50-
1956 57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
73
79
80
31
82 1983
Curr«nt d«t« for thtie wrlei ar« shown on page 74.
36
AUGUST 1983
BCD
CYCLICAL INDICATORS
C
I
DIFFUSION INDEXES AND RATES OF CHANGE—Continued
Chart C l . Diffusion Indexes—Continued
Jan. July
P T
July
P
Nov.
T
durable Hoods industries
100-
50-
0-
approved capital appropriations
90-
o . i '. A
705030-
966.
Industrial production-24 i
100 T
50-
$67.
Spot market prices, raw industrials—13 indus
100-
50-
968.
Stock prices, 500 common stocks—
100-
50-
0-
960.
Net profits, manufacturing
90-1
70-
50-
30
1956 57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74 75
76
77
78
79
80
81
J
82 1983
l
T h i * Is a copyrighted series used by permission; it may not be reproduced without written permission from Dun & Bradstreet, Inc.
Current data for these series are shown on page 75.
AUGUST 1983
37
CYCLICAL INDICATORS
DIFFUSION INDEXES AND RATES OF CHANGE—Continued
Chart 0 1 . Diffusion Indexes—Continued
Nov.
P
Jar . July Jul)
P T
P
Mar,
T
Actufl
Antkgted
97i
1pit an
expenditures for new j
t—22 industries (1-Q Ian)
:tawl expenditures
Jan. Jyly
P T
Mar.
Nov.
Nov.
T
i
HI 11
I
Antkgtod H I
Percwt nM
I
I1
I
Nov
1 HIHI,
;1
1
j
July
P
III
Ij
Li 1
1
ISRtJI
I
EL
(b) Later anticipation;
i expenditures
I
971
972.1
orders, mamjfacturing
and!
(4-d
s, whoiesaie trade (4-Q A )
..*-. ^ .**
70-
3
973;
100-1
1971 72 73
74 75
76
77 78 79 80
81
82 1983
'Thl« ft • copyrljfhttd s«ritt ut«d by permlulon; it may not be reproduced without written permission from Dun & Bratfstrwt, Inc. Dun & Br«dttr«et diffusion Indexes are based on surveys of about
1,400 business ixacutlves.
Current data for theiie series are shown on page 76.
38
AUGUST 1983
CYCLICAL INDICATORS
C
I
DIFFUSION INDEXES AND RATES OF CHANGE—Continued
Chart C3. Rates of Change
Apr. Feb.
P
T
Aug. Apr.
P T
Nov.
P
Jan. July
P T
Mar.
T
July
P
Nov.
T
1-month spans1
3-month
910c. Composite index of 1
920c. Composite index of 4 roughly
930c. Composite index of 6
50c. GNP in constant (1972) d o l l g l - Q span)
47c.
48c.
Index of industrial
Employee-hours in nonagricultural e M | s h m e n t s
51c. Personal income less tr
i
1956 57
58
59
60
61
62
63
64
payments in 1972
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82 1983
NOTE: Data for these percent changes are shown occasionally in appendix C. The "Alphabetical Index—Series Finding Guide" indicates the latest issue in which the data for each series were published.
BCII
AUGUST 1983
39
OTHER IMPORTANT ECONOMIC MEASURES
NATIONAL INCOME AND PRODUCT
Chart: A l . GNP and Personal Income
200. GNP m current
223. Personal Income in current doflars
(am. rate, i l l . dot.)
personal income in OUT
Q (arm. rate, bl. dol.)
50. GNP in 1972
213. Final sates in 1972
§: 217. Per capita GNP in 1972 dollars, Q (aim.
1956
57
f>8
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82 1983
Current date for lhatu vtrits art thown on page* 63 and 80.
40
AUGUST 1983
BCD
OTHER IMPORTANT ECONOMIC MEASURES
IA I
NATIONAL INCOME AND PRODUCT—Continued
Chart A2. Personal Consumption Expenditures
Aug. Apr.
P
1956
57
58
Jan. July
P
59
60
T
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
July
Nov.
P T
Apr. Feb.
T
P
T
79
Current data for these series are shown on pages 60 and 8 1 .
AUGUST 1983
41
OTHER IMPORTANT ECONOMIC MEASURES
IA
NATIONAL INCOME AND PRODUCT—Continued
Chart A3. Gross Private Domestic Investment
Aug. Apr.
P T
1956 57
;t8
Jan. July July
F T P
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
Nov.
T
82 1983
Currant data for these lerles are shown on page 8 1 .
42
AUGUST 1983
OTHER IMPORTANT ECONOMIC MEASURES
A I
NATIONAL INCOME AND PRODUCT—Continued
Chart A4. Government Purchases of Goods and Services
Aug. Apr.
P T
Apr.
8
1956 57
58
Feb.
T
P
59
is
||
60
K ii' 1
61
62
63
if
ii.
1
i
! i
is •
64
65
i
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82 1983
Current data for these series are shown on page 8 1 .
BCI»
AUGUST 1983
43
OTHER IMPORTANT ECONOMIC MEASURES
I A
NATIONAL INCOME AND PRODUCT—Continued
Chart A£>. Foreign Trade
Aug Apr.
Dec. Nov.
P
T
i
;
l
I.
'!
1
' ''
''
'!
'
!
• i - 1 •'•'
Nov.
P
Mar.
T
i. July
• T
]l
|l
!
Annual rate, biioo doftars
i
fj
j
|l
i
J i;
!
••••!
1
i
1
'i
'
.
-dfflh—
IIHBT
^
III
'
i
!
I s«rvicesf Q •
152. Exports of
I
ii
I . .|
I,
|
i
,
Nov.
T
HHI
""Mitt
ll
1
July
P
'
160'
I
120-
i
• i
i
*
',
"
i
* *"
''
i!
n
'
**
'l
'
\
i(
ii
j
''*
1
'
> ^
!
,
'
!
1
,J>KI
; of goods
^^V^
r i
m
fees, Q
; artd:
Met««>
80J
1
!
ii
1
_
!'
iLJHHS jnl
i
5
| Annual rate, b»on
ttlllllill
m)
2S6. Exports of goo j
1008060 J
255. Net exports o f ;
J
1956 57
5B
59
60
61
62
63
kJlAJl'llL
64
I ll It
65
il)
66
.
I
67
ll
I
68
P
69
70
71
72
73
74
75
76
77
78
79
80
81
82 1983
Currant data for thite t«rl« ar« »hown on page 02.
44
AUGUST 1983
sen
OTHER IMPORTANT ECONOMIC MEASURES
jA I
NATIONAL INCOME AND PRODUCT—Continued
Chart A6. National Income and Its Components
ate profits with inventory valuation and c
tors' income with inventory valuation and
30-
20-
1956 57
m
§9
60
31
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82 1983
Current data for thesa url«t are shown on pace 82.
AUGUST 1983
45
OTHER IMPORTANT ECONOMIC MEASURES
IA I
NATIONAL INCOME AND PRODUCT—Continued
Chant A7. Saving
Jan. July
P T
1956
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
July
P
81
Nov.
T
82
1983
Currant dataforthi***»rlti ara shown on pagw 82 and 83.
46
AUGUST 1983
BC
OTHER IMPORTANT ECONOMIC MEASURES
IA
I
NATIONAL INCOME AND PRODUCT—Continued
Chart A8. Shares of GNP and National Income
Apr. Feb.
P T
Aug. Apr.
P
I
Petit of G P 1 m
N
70-
65-
6020-1
10-
business inventories,
-5J
64. Compensation
75-
70-
65 J
e with inventory valuation
tion adjustments, Q
inventory valuation and
justments, Q
Corporate pr
capital c
15-
10-
289. Net interest,
5-
income of persons with capital consumption
1956 57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
81
82 1983
Current data for ttiese series are shown on page 83.
AUGUST 1983
47
OTHER IMPORTANT ECONOMIC MEASURES
PRICES, WAGES, AND PRODUCTIVITY
Chart B l . Price Movements
1971 72
7a
74
75
76
77
78
79
80
81
82 1983
1971 72
73
74
75
76
77
78
79
80
81
82 1983
Current data for thus* itrfM ara shown on pagas 84, 05, and 66.
AUGUST 1983
OTHER IMPORTANT ECONOMIC MEASURES
B
I
PRICES, WAGES, AND PRODUCTIVITY—Continued
Chart B l . Price Movements—Continued
Apr. Feb.
P T
Aug. Apr.
P T
Dec. Nov.
P
T
Jan. July
P T
July
P
Nov.
T
81
82 1983
Percent change at
322c. Food ( 6 - r S g i span)
Chart B | | Wages
341.
\
Real average
workers, private
. i Average hourly earnings of production
private nonfarm economy (current dollars)1
346.
Real average hourly
nonfarm business
compensation, au
sector, Q (current
1956 57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
'Adjutted for overtime (In manufacturing only) »n4 interindustry employment shifts «nd seatonallty.
Current data for these series are shown on pages 84, 8 7 , and 8 8 .
AUGUST 1983
49
OTHER IMPORTANT ECONOMIC MEASURES
PRICES, WAGES, AND PRODUCTIVITY—Continued
Chart Bit Wages and Productivity—Continued
Apr. Feb.
Aug. Apr.
P
P
T
Jan. July
T
P
I
July
P
Nov.
T
earnings of production
conpeoMtton, at employees,
.Q
6-month
benefit decisions, afl industriesyear average cKanges, Q (aim. rate
Average changes over ife of
contract, Q (ann. rite)
hourf ail persons,
370c. CKange in output per tKHtf, private
1956 57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
7B
79
80
81
82 1983
'Adju»t«d for o v t r t l m i ( manufacturing only) and Interindustry «mployment shift* and leaionality. 'One-month peccant changes have b w n multiplied by a constant (12) to make them
(In
j
g y)
y py
y
comparable with the tinnuatlzed 6-month changes. See page 67 for actual 1-month percent changes.
Se
f
t l 1 t h
t h
C t
dt f t
h
i
h
h
87 and 88.
Current data for theso series are shown oh pages 87 a
50
AUGUST 1983
OTHER IMPORTANT ECONOMIC MEASURES
IC
LABOR FORCE, EMPLOYMENT, AND UNEMPLOYMENT
Chart C l . Civilian Labor Force and Major Components
Aug. Apr.
P
T
120110100-
441. Civilian labor force, « a l (millions)
70-
Labor fol^f participation rates (percent)—
90-
451. Males 20 vears and over
85807560-
453. Both sexes l G H i e a r s of a
55504540 J
1412108-
. Mates 20
and over
2445. Females 20 years
and over
6. Both sexes i f j U l w r s of age
1210-
part-time for economic
2-1
1956
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82 1983
Current data for these series &r* shown on page 8 9 .
AUGUST 1983
51
OTHER IMPORTANT ECONOMIC MEASURES
GOVERNMENT ACTIVITIES
Chart D]L. Receipts and Expenditures
Aug. Apr.
P T
Jan. Juiy
P T
July
P
Nov.
T
rate, bWon doiars ( c u r * )
1956 57
58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 1983
Current data for thtiw uirltt ar« shown on paga 90.
52
AUGUST 1983
OTHER IMPORTANT ECONOMIC MEASURES
GOVERNMENT ACTIVITIES—Continued
Chart D2. Defense Indicators
P
Jan. July
Dec. Nov.
Apr. Feb.
P
T
P
T
July
T
UQV.
P
T
30-
[Adj
easuresj
efertse Activity \
26-
•fcr
22-
18-
i
i
14-
, 517. Defense Department gross ^l^ations incurred
(bil. dol.; MCD moving a v g S l t e r m )
'
*
'I
4 |
20-
l
1316 *
141210-
Wsu A
s
i.
S-
525. Defense Department notary d|f|contract awards
I (bil. dol; MCD moving a v g . - M )
4150-
13011090-
70-
do).)
543. Defense Department gross i
50i
'
12-
3 ' '*
i
11-
1
J
H
l
i
8 • •
..•
i' ^
1
1
11
548. Manufacturers' ne
I (ML dot.; MCD i
irs, defense
Ivg.—6-t«rm),
1098-
1
76-
!
I
!
\
n
1
If
pi
3-
[ni'imlii
-I
2«*
1983-
AUGUST1983
53
OTHER IMPORTANT ECONOMIC MEASURES
GOVERNMENT ACTIVITIES—Continued
Chart D;>. Defense Indicators—Continued
Aug. Apr.
(Mex: l»67~l®0)
559. Manufacturers
et outlays,
moving av
580. Defense
assistance (bi.
588. Manufacturers
(bllM;
1956 57
58
59
60
61
62
63
64 65
66
67 68
69
70
71
72
73
74 75
76
77
78 79
80
81 82 1983
Current data for th«M •«*!•» ara shown on paga 9 1 .
54
AUGUST 1983
OTHER IMPORTANT ECONOMIC MEASURES
GOVERNMENT ACTIVITIES—Continued
Chart D2. Defense Indicators—Continued
Aug. Apr.
P
Dec. Nov.
P
T
Apr. Feb.
P
T
T
yfeasures df Defense Activity—C4nvl
;
Jan. July
P
T
July
P
';
570. Employment in d e f e n ^ ^ j d i f c t s industries!
1.81.6\\
j,
1.4-
1
i
1
t
!!
Defense Department personr
1.21.0-
i
1
. 1
,! 57J. Military,
it
'
J ,
\
3.5-
"1' ^;.
'
3.0-
i
2.5SfflT"
2.0-
I.
578,
MMMMMiMW
(
1.5-
1.0-
0.5 J
220-i
200180160140-
564. Federal Government 1
, defense, Q (ann.rat
t of goods;
120100-
Si.
Z
?
J
80-
|
i
I;
.•
j
'i
•;;
»»',»»I'll 1
,
i,
Jj
•' r i * V
as a pe
ii
40 J
• Q
i!.. .! ,
.'
li
60-
p
;8
(fur
National de
il
.I1'
's '
10't
^
'•
9-
'I,
8-
mi
',
!
si*
^
i fill
76-
'i
5-
1
!
1956
57
58
59
60
61
62
63
64
65
66
4-
I
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82 1983
Current data for these series are shown on page 9 1 .
AUGUST 1983
55
OTHER IMPORTANT ECONOMIC MEASURES
U.S. INTERNATIONAL TRANSACTIONS
Chart E'JL Merchandise Trade
Aug. Apr.
P T
Jan. July
P T
Apr. F b
e
P
T
i^
Jyly
P
Nov.
T
w
602. Exports, exck>dmf mitao
(b«. dot.; MCD moving
604, Exports of a
total (b«.
Exports of nonekctrical mpttMjry (bX.
612. General imports (bfl. jdoL; MCD moving avg.^*term)
1956 57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82 1983
Current data for thtM t«rt«t «r« thown on paf« 02.
56
AUGUST 1983
OTHER IMPORTANT ECONOMIC MEASURES
U.S. INTERNATIONAL TRANSACTIONS—Continued
Chart E2. Goods and Services Movements
Nov.
Jan. July
P T
Mar.
July
P
Nov.
T
[Annual rate, billion
667.
Balance on goods and
; 622. Merchandise trade balance, Q
Exports, Q
^
65L
Income on U.S. investments
on foreign investment Jn the
1956 57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82 1983
NOTE; Annual totals art shown for the period prior to I960.
Current data for thett series art shown on page 93.
AUGUST 1983
5
7
OTHER IMPORTANT ECONOMIC MEASURES
F
I
INTERNATIONAL COMPARISONS
Chart F l . Industrial Production
Aug.
0
^pr.
Dec. Nov,
P
T
Apr. Feb.
p
T
T
Jan. July
P T
July
P
Nav.
T
81
82 1983
721. OECO European countries
1956 57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
Currant data for thata tarfas art shown on page 94.
58
AUGUST 1983
BCII
OTHER IMPORTANT ECONOMIC MEASURES
F
I
INTERNATIONAL COMPARISONS—Continued
Chart F2. Consumer Prices
Nov.
P
Chart F3. Stock Prices
Jan. July
P T
Mar.
T
July
P
Nov.
T
Nov.
P
Mar.
T
Jan. July
P T
•I
[Percent change at annual rate
~ -
'
Nov.
T
i
19. United States
X
1
r
^ |, i
[Index: 1967^1001
Stock prices-
Consumer prices-
July
P
200-1
180160140120100-
T—f.
fv*
80-
t
1
ii • : • ii :
•
i
'
748. Japan
i'
i
^J^trJf";
:•
\ j: :' ; J LfJi
500400300*
\
^
•
r
600-
1
I
!i
200 J
••/»
1 :
745. West Germany
;
:
; ^ ^. ( ; . ; j
ii
ii
^
!•' :
i!
1 'i
?
i;
;! •,, ; ij,. V ! i I T " •. 100 J
' '! ., . ' I f
ljt \180-j
160-|
140 J
•
120-J
260*
220-
6. France
180140100-
:
:
'I
1
•
•
i
J)
;|
|!
I
;i
}
;i
ii
742. United Kingdom
UI/M
J K s/ < X i
\
"
" •• i i
'
'
'•
^
~
;l
:
.
8
•
!
i
ji
;
•
:
S
450400350300250200-
! ,', " ; ;
'
150-
i
: - . . • ; ' .
':
•
i
JiJi 1L =
1971 72
73
74
75
76
77
78
79
80
81
82 1983
1971 72
73
74
75
76
77
78
79
80
81
82 1983
Current data for these series are shown on pages 95 and 96.
AUGUST 1983
59
CYCLICAL INDICATORS
A
COMPOSITE INDEXES AND THEIR COMPONENTS
COMPOSITE INDEXES
Year
and
munth
910. Index of
12 leading indicators (series
1, 5, 8, 12, 19,
20, 29, 32, 36,
99, 106, 111)
920. Index of
4 roughly
coincident indicators (series
41, 47, 51, 57)
930. Index of
6 lagging indicators (series
62, 77, 91,
95,101,109)
940. Ratio,
coincident
index to
lagging index
Leading indicator subgroups
913. Marginal
employment
adjustments
(series 1, 2, 3,
5)
(1967-100)
(1967 = 100)
(1967 = 100)
(1967-100)
(1967 = 100)
914. Capital
investment
commitments
(series 12, 20,
29)
(1967 = 100)
915. Inventory
investment
and purchasing
(series 8, 32, 36,
99)
(1967 = 100)
916. Profitability (series
19, 26, 80)
(1967 = 100)
917. Money
and financial
flows (series
104, 106, 111)
(1967^100)
1
C)
19!tl
January
February
March
142.1
140.4
141.7
146.8
147.2
147.2
121.7
120.7
119.0
120.6
122.0
123.7
94.2
94.1
94.1
110.7
109.3
109.8
100.5
100.5
100.7
98.2
98.8
99.0
122.2
122.1
122.2
April
May
June
144.6
144,
143.
147.1
146.9
147.5
119,
122,
122.4
123.6
120,
120,
94.9
94,2
94.5
110.5
109, 3
107, 3
101.8
102.5
102.6
98.7
98.1
98.4
123,5
123.2
123.1
July
August
September . , .
142,
142.
139,
147,
147.
146.
122.5
123
124.
120,
119,
117.5
95.0
93,
91,
107.1
107.0
106,3
102.6
102.1
101.2
98.2
98.5
96.9
123.3
123.8
122.9
October
136.9
137.0
136.2
144.5
143.0
140.9
125,
124.
124.4
115.6
114.9
113.3
90,
90.
89.3
104.3
105.4
105.1
99.8
98.7
97.8
96,
97,
96.2
121.7
122.2
122.2
135
135,
134,
138.4
139.9
139.2
126.1
125.
125.
109.8
111.7
111.3
(NA)
104,
104,
104,
96
96,
96.
94.5
93.2
92.6
123.3
122.1
122.2
136.0
136.2
135.5
138.0
138.8
137.3
125.9
125.1
124.8
109.6
111.0
110.0
104.
104.
102,
96,
97.
97.6
93.1
93.0
92.4
123.0
122.4
122.2
July
August
September . . .
136.2
rl36.X
rl35.2
136.4
134.5
124.3
rl22.3
121.4
109.7
rllQ.5
110.8
103.9
rlO2.9
rlO3.4
97.8
98,
98,
92.6
r92.4
r93.9
122.5
124.5
124.2
October
November . , ,
December . . .
r!38.5
rl39.3
rl40.8
rl32.9
132.6
132.6
rl20.2
rll8.2
116.7
rll0.6
rll2.2
113.6
rlO4.5
rlO5.2
rlO6.8
98.0
97.0
96.4
r95.0
r95.5
r96.4
122.7
122.5
122.4
145.1
147.6
150.5
134.3
rl33.5
rl34.6
r!15.5
rll5.6
114.2
rll6.3
rll5.5
rll7.9
r106.1
rlO6.8
107.0
97.7
99.3
rlO1.4
r97.6
r98.6
100.3
127.2
129.7
fl31.3
152.4
rl35.5
rl37.9
139.4
rll3.4
rllO.
109,
rll9.5
rl24.6
127.1
rlO7.6
rlO9.1
B)rllO.l
101.8
rlO2.2
rlO2.3
102.1
|R>plO3.8
(NA)
rl30.9
rl30.5
134.3
B>pl29.0
plO9.2
E>plO2.4
November . , .
December . . ,
1982
January
February
March . . . . . .
April
May
June
2
1983
January
February
March
April
May
June
July
August
September . , .
rl54.2
157.2
D 3 157.7
5
109.3
E>pl35.5
October
November . . .
December . . .
NOTE: Series are seasonally adjusted except for those, indicated by (§), that appear to contain no seasonal movement. Current high values are indicated by [H); for series that move counter to movements
in general business activity, current low values are indicated by (fi). Series numbers are for identification only and do not reflect series relationships or order. Complete titles and sources are listed at the back
of this issue. The "r" indicates revised; "p", preliminary; "e", estimated; "a", anticipated; and "NA", not available.
Graphs of these series art; shown on pages 10 and 11.
*See "New Features and Changes for This Issue" on page iii of the February 1982 issue.
a substitute value for series 1. See "New Features and Changes for This Issue" on page iii of the March 1982 issue.
Excludes series 36, for which data are not available.
^Excludes series 57, for which data are not available.
9
Excludes series 77 and 9S, for which data are not available.
2
Includes
3
60
AUGUST 1983
CYCLICAL INDICATORS
B I CYCLICAL INDICATORS BY ECONOMIC PROCESS
MAJOR ECONOMIC
PROCESS
Q j
Minor Economic
Process
EMPLOYMENT AND UNEMPLOYMENT
Timing Class
L,L,L
L,L,L
1. Average
workweek of
production
workers,
manufacturing
21. Average
weekly overtime
hours, production workers,
manufacturing
(Hours)
Year
and
month
L,C,L
(Hours)
2. Accession
rate, manufacturing
(Per 100 employees)
L, C, L
5. Average
weekly initial
claims, State
unemployment
insurance'
(Thous.)
(2)
1981
Comprehensive
Employment
Job Vacancies
Marginal Employment Adjustments
L, L,L
3. Layoff rate,
manufacturing
(Per 100 employees)
L, Lg, U
4. Quit rate,
manufacturing
(Per 100 employees)
L, Lg, U
60. Ratio, helpwanted advertising to persons
unemployed
(Ratio)
L, Lg, U
u. c, c
46. Index of
help-wanted
advertising
in newspapers
48. Employeehours in nonagricultural
establishments
(1967-100)
(Ann. rate,
bit. hours)
C)
C3)
January
February
March
40.3
39.8
39.9
3.0
2.9
2.9
3.5
3.5
3.4
424
410
413
1.4
1.4
1.3
1.3
1.4
1.3
0.474
0.478
0.467
128
129
125
171.56
170.07
170.79
April
May
June . .
40.0
40.2
40.0
2.9
3.0
2.9
3.4
3.1
3.4
395
401
405
1.1
1.3
1.3
1.3
1.3
1.4
0.447
0.432
0.448
118
118
121
169.70
170.70
170.94
July
August . .
September .
..
39.9
39.9
39.5
2.9
2.9
2.7
3.4
3.2
2.9
395
421
483
1.0
1.4
1.7
1.5
1.3
1.3
0.466
0.440
0.403
123
119
112
171.19
171.09
167.31
October . .
November .
December .
39.6
39.4
39.2
2.6
2.5
2.4*
2.9
..
....
517
539
551
2.2
2.3
2.2
1.2
1.1
1.1
0.378
0.366
0.346
110
111
109
169.68
168.66
168.58
January
February
March
37.5
39.5
39.0
2.3
2.5
2.3
(NA)
563
514
566
(NA)
0.338
0.317
0.289
106
103
96
164.25
168.40
167.74
April
May
June
39.0
39.1
39.1
2.4
2.3
2.3
566
585
551
0.255
0.249
0.242
88
87
85
167.21
167.61
166.58
July
August
September .
39.1
39.0
38.8
2.3
2.3
2.3
533
605
653
0.228
0.212
0.192
83
78
73
166.05
165.46
165.30
October
November
December .
38.9
39.0
39.0
2.3
2.3
2.3
651
616
531
0.195
0.195
0.205
76
78
83
164.29
163.24
164.01
39.7
39.2
39.5
2.4
2.4
2.6
507
478
479
0.216
0.215
0.217
83
83
83
165.78
163.53
164.44
40.1
r40.0
r40.2
2.9
2.7
2.9
470
453
406
0.213
0.231
0.246
81
87
92
H66.10
rl66.94
rl67.40
H>p40.3
B>p3.1
H>380
H>p0.281
©plOO
H>P168.45
34
2.7
1982
(NA)
1983
January . .
February
March
April
May
June
July
August
September .
..
October . .
December
See note on page 60.
Graphs of these series are shown on pages 12, 16, and 17.
*Data exclude Puerto Rico, which is included in figures published by the source agency.
2
See "New Features and Changes for This Issue11 (item 2) on page iii of the February 1982 issue.
BCII
AUGUST 1983
61
CYCLICAL INDICATORS
CYCLICAL INDICATORS BY ECONOMIC PROCESS-Continued
MAJOR ECONOMIC
PROCESS
1 1
Minor Economic
Process
Timing Class
Year
iind
month
EMPLOVMENT AND UN EMPLOYMENT-Continued
Comprehensive Unemployment
Comprehensive Employment—Continued
u,c,c
C, C, C
L,C,U
U, Lg, U
42. Persons
engaged in nonagricultural
activities, labor
force survey
41. Employees
on nonagricultural payrolls,
establishment
survey
40. Employees
in goodsproducing industries (mining, mfg., construction)
90. Ratio,
civilian employment to total
population of
working age
(Thous.)
(Thous.)
(Percent)
. (Thous.)
L, Lg, U
L, Lg. U
37. Number of
persons unemployed, labor
force survey
43. Unemployment rate,
total
45. Average
weekly insured unemployment rate,
State programs l
91. Average
duration of
unemployment
44. Unemployment rate,
persons unemployed 15
weeks and over
(Thous.)
(Percent)
(Percent)
(Weeks)
(Percent)
L. (*, U
I 4 Lg( Lg
1S81
January
February
March......
96,544
96,803
97,148
90,920
90,990
91,030
25,600
25,516
25,579
58.38
58.43
58.58
8,048
8,032
7,967
7.5
7.4
7.3
3.5
3.4
3.4
14.3
14.0
13.9
2.2
2.2
2.1
April
May
June
97,487
97,597
97,033
91,128
91,131
91,322
25,530
25,503
25,654
58.80
58.72
58.31
7,860
8,133
8,047
7.2
7.5
7.4
3.3
3.3
3.2
13.7
13.5
14.1
2.0
2.0
2.1
July
August
September . ..
97,428
97,313
96,746
91,484
91,424
91,411
25,720
25,653
25,586
58.44
58.36
57.94
7,854
8,053
8,271
7.2
7.4
7.6
3.2
3.2
3.3
14.0
14.3
13.6
2.0
2.0
2.1
October
November . . .
December . , .
96,981
96,840
96,458
91,295
91,041
90,730
25,445
25,242
24,992
58.02
57.88
57.51
8,673
9,025
9,389
8.0
8.3
8.6
3.5
3.8
4.1
13.5
13.2
12.9
2.1
2.2
2.2
January
February
March
96,309
96,328
96,230
90,396
90,417
90,207
24,711
24,670
24,483
57.46
57.41
57.29
9,346
9,669
9,881
8.6
8.8
9.0
4.1
4.1
4.3
13.4
14.0
13.9
2.2
2.5
2.7
April
May
June
96,128
96,548
96,310
90,024
90,016
89,775
24,307
24,226
24,001
57.17
57.40
57.17
10,256
10,384
10,465
9.3
9.4
9.5
4.5
4.5
4.5
14.3
14.9
16.3
2.8
3.0
3.2
July
August
September , ..
96,143
96,254
96,180
89,450
89,264
89,235
23,843
23,672
23,530
57.06
57.06
56.92
10,828
10,931
11,315
9.8
9.9
10.2
4.5
4.7
5.0
15.6
16.1
16.6
3.2
3.3
3.5
October
November . . .
December . . .
95,763
95,670
95,682
88,938
88,785
88,665
23,287
23,131
23,061
56.65
56.57
56.50
11,576
11,906
12,036
10.5
10.7
10.8
5.2
5.2
5.0
17.1
17.3
18.0
3.8
4.1
4.3
January
February
March
95,691
95,670
95,729
88,885
88,746
88,814
23,186
23,049
23,030
56.46
56.38
56.36
11,446
11,490
11,381
10.4
10.4
10.3
4.5
4.5
4.4
19.4
19.0
19.1
April . . . . . . .
May
June
96,088
96,190
97,264
r89,090
r89,421
r89,832
23,159
23,347
r23,534
56.51
56.52
57.16
11,328
11,192
11,146
10.2
10.1
10.0
4.4
4.1
3.8
19.0
20.4
22.0
3.9
4.1
4.1
July
August
September . . .
(R>97,758
E>p90,319
E>p23,749
H> 57.39
B>10,590
D9.5
E>p3.6
21.7
B>3.9
1982
1983
October
November . . .
December . ..
See note on page 60
Graphs of these seriits art shown on pages 14, 15, 17, and 18.
Data exclude Puerto Rico, which is included in figures published by the source agency.
1
62
AUGUST 1983
.
4.2
4.2
4.2
CYCLICAL INDICATORS
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
MAJOR ECONOMIC
PROCESS
Q
Minor Economic
Process
Timing Class
Industrial Production
Comprehensive Output and Income
c, c,c
C.C.C
Year
and
month
PRODUCTION AND INCOME
50. Gross national product
in 1972 dollars
Persona
c, c, c
53. Wages and
salaries in
mining, mfg.,
52. Constant
(1972) dollars
51. Personal
income, less
transfer payments, in 1972
dollars
(Ann. rate,
bil. dol.)
(Ann. rate,
bil. dol.)
income
223. Current
dollars
(Ann. rate,
bil. dol.)
c,c,c
(Ann. rate,
bil. dol.)
and construction in 1972
dollars
(Ann. rate,
bil. dol.)
c, c, c
47. Index of
industrial
production,
total
(1967=100)
C.C.C
73. Index of
industrial
production,
C, L, L
durable manufactures
74. Index of
industrial
production,
nondurable
manufactures
(1967 = 100)
(1967=100)
C.C.-C
49. Value of
goods output
in 1972 dollars
(Ann. rate,
bil. dol.)
1981
i,5io!i
2,316.9
2,336.5
2,361.4
1,233.0
1,236.2
1,240.9
1,061.3
1,065.0
1,069.1
234.0
230.8
231.5
151.4
151.8
152.1
141.0
140.8
142.1
165.6
166.2
165.3
69U2
1,512.5
2,375.1
2,390.6
2,416.9
1,241.6
1,242.5
1,251.6
1,070.8
1,072.5
1,081.1
231.6
231.3
232.2
151.9
152.7
152.9
142.5
143.5
143.2
165.9
166.4
165.8
692.3
...
July .
August
September
1,525.8
2,463.7
2,494.6
2,514.3
1,266.0
1,274.7
1,274.4
1,088.7
1,098.3
1,098.4
231.7
231.0
228.3
153.9
153.6
151.6
143.6
143.4
140.9
167.1
167.3
165.9
703.2
October
November
December
l,506\9
2,513.4
2,518.7
2,517.6
1,268.1
1,263.8
1,257.5
1,092.6
1,087.6
1,081.1
227.6
225.3
222.5
149.1
146.3
143.4
137.8
134.4
131.3
162.8
160.3
157.4
683! 7
1,485.8
2,518.1
2,530.2
2,535.8
1,249.1
1,255.7
1,256.0
1,074.6
1,080.0
1,078.7
223.0
223.8
222.7
140.7
142.9
141.7
127.1
129.3
128.2
155.1
157.8
157.3
668.1
...
1,489!3
2,549.0
2,568.0
2,572.5
1,258.1
1,263.8
1,254.3
1,079.3
1,084.3
1,076.0
221.6
220.2
217.4
140.2
139.2
138.7
126.7
126.1
125.5
156.1
155.0
155.3
664.* 6
.. •
July
August
September
1,485.7
2,589.8
2,586.7
2,597.4
1,256.0
1,250.8
1,251.2
1,072.2
1,067.5
1,066.6
215.5
213.3
211.9
138.8
138.4
137.3
125.9
124.9
123.5
155.7
156.9
156.7
661.6
October
November
December
1,480.7
2,617.8
2,633.1
2,645.0
1,253.7
1,259.9
1,264.9
1,065.6
1,068.0
1,072.2
208.9
207.9
208.6
135.7
134.9
135.2
120.3
119.3
119.9
156.2
155.3
155.6
652.1
l,49o!i
2,652.6
2,650.5
2,670.1
1,264.3
1,262.1
1,269.1
1,075.9
1,072.6
1,078.0
212.3
212.3
213.0
137.4
138.1
140.0
122.5
123.9
126.3
157.4
159.0
160.7
656! 9
r2,689.1
r2,722.3
r2,735.6
rl,267.2
rl,279.3
rl,283.1
rl,077.5
rl,088.2
rl,092.5
214.8
r215.7
r217.7
rl42.6
rl44.4
rl46.0
129.1
rl31.0
rl33.0
163.3
rl65.1
rl66.9
B>r6si'.O
E>p2,751.0
E>pl,283.7
E>pls094.4
E>p219.3
E)pl48.6
E> pl36.1
(H>pl68.6
January
February
March
April
May
June .
..
. . .
1982
January
February
March
. ..
April
May
June
1983
January
February
March
. .
April
May
June
...
E>rl,523*.4
July
August
September . .
October
November
December
See note on page 60.
Graphs of these series are shown on pages 14, 19, 20, and 40.
AUGUST 1983
63
CYCLICAL INDICATORS
B I
CYCLICAL INDICATORS BY ECONOMIC PROCESS-Continued
MAJOR ECONOMIC
PROCESS
I B
Minor Economic
Process
Capacity Utilization
Timing Class
Year
and
month
^ Q
PRODUCTION AND INCOME-Continued
L. C. U
83. Rate of
capacity
utilization,
manufacturing
(BEA)
(Percent)
82. Rate of
capacity
utilization,
manufacturing
(FRB)
(Percent)
CONSUMPTION, TRADE, ORDERS, AND DELIVERIES
Orders and Deliveries
L, C, U
84. Rate of
capacity
utilization,
materials
U,L
Value of manufacturers' new
orders, durable goods industries
6. Current
dollars
(Percent)
L, L, L
(Bil. dol.)
7. Constant
(1972) dollars
(Bil. dol.)
Lr L, L
8. New orders
for consumer
goods and
materials in
1972 dollars
(Bil. dol.)
L.UL
25. Change in
unfilled orders,
durable goods
industries
96. Manufacturers' unfilled
orders, durable
goods industries
(Bil. dol.)
(Bil. dol.)
L, L, L
L, Lg, U
32. Vendor
performance,
companies receiving slower
deliveries ®
(Percent
reporting)
1981
80.6
82.7
83.17
83.54
83.77
38.52
38.54
38.41
33.31
34.50
34.15
1.13
0.93
-0.30
316.32
317.25
316.95
46
50
52
April
May
June
80.8
81.9
87.38
88.31
88.20
39.72
39.92
39.61
34.92
35.29
35.16
1.92
2.37
0.86
318.87
321.23
322.09
56
52
48
July . . . . . . . .
August . . . .
September . . ,
80.3
82.0
86.94
85.84
83.38
38.83
38.15
36.94
34.45
33.44
32.48
0.84
-0.32
-0.67
322.93
322.61
321.94
46
48
43
75.9
76.2
78.47
79.03
76.11
34.65
34.66
33.34
31.00
30.22
30.50
-3.33
-1.84
-3.43
318.61
316.77
313.34
38
32
30
72.9
73.0
76.70
77.36
78.18
33.54
33.82
34.12
29.18
29.45
30.55
0.23
-1.17
-0.55
313.57
312.40
311.85
32
36
35
71.6
70.7
76.74
76.35
76.16
33.44
33.15
32.93
29.30
30.77
30.29
.07
.33
.04
310.78
307.45
304.41
31
30
38
71.0
69.4
75.56
72.96
72.35
32.63
31.49
31.14
30.29
29.60
29.62
.29
28
,07
301.12
296.83
292.76
37
40
40
69.0
67.1
70.74
71.07
76.18
30.42
30.45
32.57
27.91
28.22
28.25
.74
94
2.68
291.02
289.08
291.76
44
40
38
70.7
70,1
82.36
77.45
79.95
35.28
32.93
r33.98
31.54
31.52
r31.90
H>4.61
-0.32
0.36
296.37
296.05
296.41
41
42
50
(H>73.7
E>r73.5
r83.10
r84.46
>r90,90
r35.73
r35.32
0>r38.24
r32.02
r33.93
r34.20
2.86
rl.78
r4.32
299.27
r301.05
r305.37
52
52
52
P87.60
P36.78
DP34.50
p i . 44
[R)p306.81
January
February
March . . . . . .
78
October
November . . .
December . . .
72
1982
January
February
March
72
April
May
June
July
August
September . . .
69
October
November
December
68
...
...
1983
January
February
March
April
May
June
p7O
July
August
September . . .
October
November . ..
December . . .
See note on page 60.
Graphs of these series ure thown on pages 12, 20, and 2 1 .
64
AUGUST 1983
CYCLICAL INDICATORS
B I
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
MAJOR ECONOMIC
PROCESS
Q
Minor Economic
Process
Timing Class
C,L,C
C.C.C
Manufacturing and trade sales
56. Current
dollars
month
(Mil. dol.)
57. Constant
(1972) dollars
75. Index of industrial production, consumer
goods
(1967=100)
(Mil. dol.)
c, uu
U, L, U
Sales of retail stores
54. Current
dollars
(Mil. dol.)
FIXED CAPITAL
INVESTMENT
Formation of Business Enterprises
Consumption and Trade
C. C,C
Year
and
H I
l i l
CONSUMPTION, TRADE, ORDERS, AND DELIVERIES-Continued
59. Constant
(1972) dollars
(Mil. dol.)
L, C,C
55. Personal
consumption
expenditures,
automobiles
(Ann. rate,
bit. dol.)
L, L , l
58. Index of
consumer,
sentiment ®
(1st Q
1966=100)
L, L, L
12. Index of
net business
formation
(1967=100)
13. Number of
new business
incorporations
(Number)
1
Revised
1981
71.4
January
February
March
355,151
355,316
356,688
162,132
161,645
161,661
146.9
147.8
148.3
85,355
86,058
86,978
45,547
45,678
45,802
73.2
66.9
66.5
121.6
120.7
120.8
46,039
48,588
47,972
April
May
June
358,809
359,239
360,912
162,252
161,594
162,371
148.9
150.7
150.3
86,746
86,939
87,948
45,488
45,328
45,735
66.4
72.4
76.3
73.1
121.
119,
117.
49,413
48,997
49,172
July
August
September . .
360,189
360,384
357,454
161,262
160,902
159,032
150.7
149.6
147.8
87,759
88,775
88,562
45,377
45,737
45,300
73.7
74.1
77.2
73.1
118.
118,
117.6
49,038
48,631
48,450
October
November . .
December . .
352,092
349,712
345,958
156,389
155,558
153,354
146.5
144.0
142.0
87,231
87,358
87,409
44,506
44,412
44,303
64.0
70.3
62.5
64.3
114.8
117.4
115.2
47,947
49,413
47,556
January
February
March
340,746
345,687
347,061
150,871
153,723
154,188
139.6
141.8
141.5
86,542
88,049
87,701
43,576
44,492
44,293
70.4
71.0
66.5
62.0
113.2
115.6
113.5
43,330
47,234
46,899
April
May
June
344,934
353,110
349,742
152,619
155,866
153,409
142.1
143.6
144.8
88,468
90,813
88,603
44,636
45,635
44,103
71.4
65.5
67.
65.
115,
114.
112,
46,876
46,995
45,936
July
August
September . . .
347,676
343,426
342,882
152,957
151,770
151,184
145.8
144.1
143.4
89,469
89,069
89,897
44,401
44,181
44,526
74.0
65.
65.
69.3
112.4
112.6
110.4
44,525
46,981
45,552
October
November . .
December . .
336,905
338,722
338,391
148,456
149,877
149,959
142.2
141.3
142.0
90,905
92,492
92,459
44,847
45,720
45,749
79.7
73.4
72.1
71.9
111.5
112.9
114.4
45,530
48,474
H>57,507
345,337
341,490
348,009
153,884
152,079
154,416
143.6
143.4
144.3
92,308
91,164
93,263
45,562
45,108
45,988
80.7
70.4
74.6
80.8
111.4
113.3
49,999
48,296
48,032
r351,407
r364,115
0>p371,594
155,082
160,620
E>pl63,373
rl47.
rl49
rl51.4
95,449
r98,431
H>r98,685
46,812
r48,133
(H>r48,186
Dr92.4
89.1
93.3
92.2
H>rll6.1
(NA)
(NA)
E>pl54.0
p98,656
p47,984
(H>93.9
pllS.6
1982
,
1983
January
February
March
April
May
June
July
August . . . .
September . .
rll2.7rll2.0
rll4.8
p48,903
(NA)
October
November . .
December . .
See note on page 60.
Graphs of these series are shown on pages 12, 14, 22, and 23.
l
See "New Features and Changes for This Issue," page i i i .
ICO
AUGUST 1983
65
CYCLICAL INDICATORS
B I CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
MAJOR ECONOMIC
PROCESS
Q |
Minor Economic
Process
Business Investment Commitments
Timing Class
L.L.L
10. Current
dollars
(Bil. dot.)
20. Constant
(1972) dollars
(Bit. dol.)
L.L.L
24. Current
dollars
(Bil. dol.)
9. Construction contracts for commercial and industrial buildings *
27. Constant
(1972) dollars
Square feet of
floor space
(Bil. dol.)
(Millions)
Square meters of
floor space a
(Millions)
1981
C,Lg,Lg
11. Newly
approved capital
appropriations,
1,000 manufacturing corporations
97. Backlog of
capital appropriations, 1,000
manufacturing
corporations
(Bil. dol.)
L. Cf U
L, L, L
Value of manufacturers' new orders,
capital goods industries, nondefense
U, Lg, U
(Bil. dol.)
Revised*
L,L,L
Contracts and orders for plant
and equipment
Year
and
month
FIXED CAPITAL INVESTMENT-Continued
Revised9
January
February
March
28.66
26.59
27.76
14.60
13.63
13.98
25.02
22.70
23.99
13.00
11.92
12.33
83.72
83.86
83.79
7.78
79
.78
27.70
April
May
June
30.56
28.61
28.96
15.14
14.28
14.47
26.00
24.56
24.62
13.16
12.52
12.58
79.64
84.75
81.01
,40
,87
7.53
28.06
iuly
August
September . . .
28.12
28.14
27.98
13.72
14.24
14.26
24.16
24.74
24.36
12.00
12.77
12.70
73.46
78.67
68.12
6.82
7.31
6.33
26.71
October
November . . .
December . . .
27.09
27.82
25.58
13.60
14.48
12.87
22.66
24.30
21.05
11.68
12.96
10.92
74.26
70.77
70.65
6.90
6.57
6.56
23.04
January
February
March
26.77
29.36
25.94
13.22
14.44
13.14
21.86
22.41
21.71
11.14
11.45
11.30
58.18
63.29
61.15
5.40
5.88
5.68
25.18
April
May
June
26.23
23.99
23.41
14.05
11.81
11.36
22.81
20.31
19.93
12.59
10.23
9.86
58.93
53.71
64.87
47
99
03
20.02
July
August
September .. .
r23.42
22.88
24.49
rll.32
11.26
12.22
19.93
18.74
20.22
9.84
9.47
10.36
57.80
59.78
55.95
37
55
20
18.44
October
November , . .
December . . .
23.46
23.63
24.37
11.95
11.52
12.77
20.13
19.98
19.68
10.53
9.94
10.75
54.65
50.69
49.55
5.08
4.71
4.60
21.49
23.35
24.21
23.80
11.79
11.76
12,70
20.51
19.18
20.03
10.58
9.62
11.09
H>66.89
57.77
52.65
E>6.21
5.37
4.89
20.18
E>r28.66
26.49
13.87
rl4.35
12,20
HI.63
r27.69
DH3.01
54.32
61.20
65.40
5,05
5.69
6.08
p20.96
E>H4.46
22.59
r22.23
[H>r24.29
p24.99
P12.48
p21.48
plO.99
61.78
5.74
93.44
96.18
97.07
92.46
1982
90.20
82.88
74.15
70.76
1983
January
February . . . .
March
April
May
June
July
August
September . . .
70.04
p71.36
October
November . . .
December . . .
See note on page 60.
Graphs of these series are shown on paps 12, 23, and 24.
*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.
a
Converted to metric anits by the Bureau of Economic Analysis.
"See "New Features and Changes for This Issue," page iii.
66
AUGUST 1983
CYCLICAL INDICATORS
B I CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
MAJOR ECONOMIC
PROCESS
Q |
Minor Economic
Process
Timing Class
Residential Construction
Commitments and Investment
Business Investment Expenditures
C Lg, Lg
C, Lg, Lg
C, Lg, U
61. Business
expenditures
for new plant
and equipment,
total
69. Machinery
and equipment
sales and business
construction
expenditures
76. Index of
industrial production, business
equipment
(Ann. rate,
bil. dol.)
Year
and
month
FIXED CAPITAL INVESTMENT-Continued
(Ann. rate,
bil. dol.)
(1967 = 100)
C, Lg, C
Lg, Lg, Lg
C Lg, C
Presidential fixed investment in 1972 dollars
86. Total
(Ann. rate,
bil. dol.)
87. Structures
(Ann. rate,
bil. dot.)
88. Producers'
durable equipment
(Ann. rate,
bil. dol.)
L,L, L
28. New
private housing
units started,
total
(Ann. rate,
thous.)
L, L, L
29. Index of
new private
housing units
authorized by
local building
permits
(1967-100)
L, L, L
89. Residential
fixed investment, total, in
1972 dollars
(Ann. rate,
bil. dol.)
1981
January .
February
March . .
312.24
333.32
331.22
343.78
177.7
177.5
179.3
170.9
50.1
120.8
1,588
1,279
1,305
98.6
96.8
95.6
48.8
April .
May .
June .
316.73
346.11
345.55
353.96
181.0
182.0
183.6
173.4
51.6
121.7
1,332
1,150
1,047
96.1
94.7
78.8
47.3
July
August . . ,
September
328.25
350.15
359.04
360.03
184.8
184.4
182.7
177.0
53.5
123.5
1,035
949
900
75.5
71.8
68.4
43.1
October. .
November
December
327.83
349.75
357.85
353.04
180.5
179.0
179.0
176.3
54.6
121.8
866
839
906
59.0
60.4
64.3
39.4
January .
February
March . .
327.72
334.30
344.06
343.89
172.2
171.6
169.0
173.6
54.3
119.3
877
911
920
64.6
66,2
71.3
36.3
April.
May .
June .
323.22
328.44
334.75
332.35
164.9
159.9
156.7
167.1
54.0
113.1
911
1,028
910
71.1
76.8
74.6
37.8
July ... . .
August . .
September
315.79
326.06
316.23
320.13
154.9
153.9
150.5
163.3
53.0
110.3
1,185
1,046
1,134
86.0
75.0
83.1
36.5
October..
November
December
302.77
308.63
310.31
310.02
147,
146,
148.1
160.5
52.2
108.3
1,142
1,361
1,280
93.2
99.1
107.1
40.6
293.03
307.70
300.14
314.18
146.6
142.7
143.7
159.9
50.3
109.6
1,694
1,784
1,605
116.9
119,
118,
45.5
April .
May ,
June .
a3O2.23
312.41
r305.68
H>p332.27
rl46.9
r148.0
149.8
rl62.3
r48.3
B>rll3.9
1,506
(H>rl,807
rl,752
July . . . .
August . .
September
(HA)
!E>pl51.3
a306.83
1982
1983
January .
February
March . .
pl,741
124.
132,
142,
B)r52.4
E>143.9
October . .
November
December
See note on page 60.
Graphs of these series are shown on pages 13, 24, and 25.
AUGUST 1983
67
CYCLICAL INDICATORS
B I CYCLICAL INDICATORS BY ECONOMIC PROCESS-Continued
MAJOR ECONOMIC
PROCESJ!
Q
Minor Econorric
Process
Inventories on Hand and on Order
Inventory Investment
Timing Class
Yea'
and
month
INVENTORIES AND INVENTORY INVESTMENT
I, l, L
I, I, L
I, I, I
1 L, L
30. Change in
business inventories in 1972
dollars
36. Change in inventories on
hand and on order, 1972 dollars
31. Change
in book value
of mfg, and
trade inventories, total
38. Change
in stocks of
materials and
supplies on
hand and on
order, mfg.
(Ann. rate,
bil. dol.)
Smoothed
data1
Monthly
data
(Ann. rate,
bil. dol.)
(Ann. rate,
bil. dol.)
(Ann. rate,
bil. dol.)
(Bil. dol.)
Lg, Lg, Lg
Lg, lg, Lg
Manufacturing and trade
inventories
71. Current
dollars
(Bil. dol.)
70. Constant
(1972) dollars
(Bil. dol.)
Lg, Lg, Lg
Lg, Lg, Lg
65. Manufacturers' inventories of
finished
goods, book
value
77. Ratio,
constantdollar inventories to
sales, mfg.
and trade
78. Stocks of
materials and
supplies on
hand and on
order, mfg.
(Bil. dol.)
(Ratio)
(Bil. dol.)
L, Lg, Lg
1981
January
February . . .
March
3.0
-12.56
17.52
-8.77
-5.23
-3.72
-0.75
38.6
61.4
20.7
1.36
0.32
-0.38
496.10
501.21
502.94
263.85
265.04
264.56
79.89
81.01
82.63
1.63
1.64
1.64
222.56
222.88
222.50
April
May
June
8.9
-5;57
25.49
1,01
-0.10
2.39
5.35
23.1
44.3
37.6
1.26
1.66
1.27
504.87
508.56
511.70
264.42
266.30
266.20
82.96
84.65
85.30
1.63
1.65
1.64
223.77
225.42
226.70
July
August
September . . .
16.1
4.67
4.52
11.65
8.68
6.90
5.17
27.6
53.8
46.9
1.05
-1.10
0.75
514.00
518.48
522.39
266.72
267.72
269.30
85.50
87.08
88.30
rl.65
rl.66
1.69
227.75
226.65
227.40
October
November . . .
December . . .
6.0
-9.35
2.18
-20.83
4.61
1.88
-3.92
21.3
35.9
-12.1
-3.01
-1.78
-1.05
524.17
527.16
526.15
269.65
270.78
269.42
89.34
90.00
89.55
rl.72
rl.74
1.76
224.39
222.61
221.56
-10.2
-26.62
-23.18
-10.81
-12.21
-19.32
-21.87
-30.1
-28.3
-10.2
-1.87
-2.82
-1.88
523.65
521.29
520.44
267.83
266.93
266.28
89.14
89.78
89.90
1.78
1.74
1.73
219.69
216.87
214.99
April
May
June
»3.4
-4.87
-24.35
-7.56
-16.58
-13.15
-12.80
35.2
-51.0
23.1
-2.08
-2.03
-3.18
523.37
519.12
521.04
267.04
265.27
265.88
89.19
88.32
87.56
1.75
1.70
212.91
210.88
207.70
July
August
September . . .
0.37
-16.70
-1.50
-11.39
-9.24
-6.95
1.3
1.3
-3.1
521.14
521.26
521.00
266.21
265.79
266.01
88.22
88.30
87.79
rl.74
-1.3
206.13
204.01
201.56
October
November . . .
December . . .
-22.7
-20.08
-38.14
-11.29
-9.35
-16.33
-21.54
-14.4
-70.9
-23.4
-1.69
519.80
513.89
511.94
264.90
262.12
261.21
87.61
86.40
85.07
rl.78
1.75
rl.74
199.62
197.77
196.07
-16.13
6.86
r-15.96
-22.51
-14.35
r-7.63
-52.7
rl.4
r-53.3
0.79
1.00
0.71
507.55
r507.66
503.22
259.22
259.42
257.57
83.78
83.29
82.41
1.68
rl.71
rl.67
196.86
197.87
198.57
r-0.80
r-5.86
r-2.25
0.13
E>rl.39
p0.98
504.80
r505.66
p504.99
r257.26
r257.57
P257.04
82.04
82.12
81.21
rl.66
1.60
pi. 57
198.70
r200.09
B>p201.08
(NA)
(NA)
(NA)
(NA)
(NA)
(NA)
1982
January
February
March
rl.73
1.75
rl.76
1983
January
February
March
April
May
June
July
August
September . . .
-15.4
>r-4.0
H>rl3.15
p-2.50
E)pl.O4
E>18.9
rlO.3
p-8.0
(NA)
(NA)
(NA)
October
November . . .
December . . .
See note on page 60.
Graphs of these series are shown on pages 13, 15, 26, and 27.
x
This series is a weighted 4-term moving average (with weights 1,2,2,1) placed on the terminal month of the span.
See HNew Features and Changes for This Issue," page iii.
a
AUGUST 1983
CYCLICAL INDICATORS
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
MAJOR ECONOMIC
PROCESS
Q |
Minor Economic
Process
Timing Class
Year
and
month
Stock
Prices
Sensitive Commodity Prices
U, L
98. Change in
producer prices
for 28 sensitive
materials
(Percent)
L,L, L
U,L,L
23. Index of
spot market
prices, raw
industrialsL
(1967 = 100)
PRICES, COSTS, AND PROFITS
L, L, L
99. Change in sensitive materials
prices
Smoothed
data 3
Monthly
data
(Percent)
(Percent)
19. Index of
stock prices,
500 common
stocks ®
(1941-43-10)
Profits and Profit Margins
L, L, L
L, LP L
Corporate profits after taxes
16. Current
dollars
(Ann. rate,
bit. dol.)
18. Constant
(1972) dollars
.
L, C, L
L.C.L
Corporate profits after taxes
with IVA and CCAdj3
79. Current
dollars
80. Constant
(1972) dollars
L.L.L
22, Ratio,
profits (after
taxes) to total
corporate
domestic
income
(Ann. rate,
bil. dol.)
(Ann. rate,
bil. dol.)
(Ann. rate,
bil. dol.)
* (Percent)
1981
-1.81
-2.50
0.64
291,6
284.2
289.8
-1.60
-2.08
0.92
0.16
-0.80
-1.15
132.97
128.40
133.19
152.2
79.1
103.1
53.8
9.0
0.94
0.10
0.30
293.0
288.9
282.9
0.83
-0.37
-0.45
-0.52
0.17
0.23
134.43
131.73
132.28
138.6
70.2
104.6
53.5
8.1
July
August
September . . .
-1 19
1.34
2.37
286.6
289.5
283.0
-0.25
-0.41
-1.91
-0.18
-0.36
-0.61
129.13
129.63
118.27
144.0
72.0
113.8
57.2
8.1
October
November . . ,
December . . .
-1.08
-2.18
-0.72
277.2
270.5
264.2
-1.14
-1.88
-1.05
-1.00
-1.40
-1.50
119.80
122.92
123.79
141.7
69.4
116.5
57.4
77
.
January
February
March
0.87
-1.40
-0.22
263.4
261.0
254.5
0.35
-0.97
-0.89
-1.11
-0.71
-0.53
117.28
114.50
110.84
112.9
55.3
101.7
49.9
62
.
April
May
June
-0.76
0.11
0.29
247.
245.
232,
-1.21
-0.18
-1.45
-0.76
-0.89
-0.85
116.31
116.35
109.70
117.4
56.8
105.3
51.1
64
.
July
August
September . . .
-0.33
-2.46
-0.26
237.0
236.2
239.0
0.41
-1.38
0.19
-0.68
-0,61
-0.53
109.38
109.65
122.43
116.5
56.0
107.6
51.9
64
.
October
November . . .
December . . .
-0.23
-0.57
0.34
235.
230,
227.4
-0.51
-0.93
-0.24
-0.41
-0.49
-0.49
132.66
138.10
139.37
113.5
54.2
107.9
51.6
60
.
2.80
E>3.28
2.08
t>2.87
2.07
-0.13
0.94
1.96
144.27
146.80
151.88
108.2
51,7
120.3
57.5
5.8
r2.25
232.1
241.3
248.8
r-0.73
2.07
3.20
253.2
251.5
250.5
0.13
0.88
1.57
E>2.02
1.36
0.94
157.71
164.10
166.39
H>pl24.1
i>p59.0
1B>P139.7
|H>p66.6
-0.13
B>256.0
*263.3
0.56
0.93
E>166.96
S
162.88
January
February
March
April
May
June
1982
1983
January
February
March
April
May
June
July
August
September . .
October
November . . ,
December . . ,
See note on page 60.
Graphs of these series are shown on pages 13, 28, and 29.
beginning with June 1981, this series is based on copyrighted data used by permission; it may not be reproduced without written permission from Commodity Research Bureau, Inc. aSee footnote 1 on page 68. 9IVA, inventory valuation adjustment; CCAdj, capital consumption
adjustment. *Average for August 1 through 23. 3Average for August 3, 10, 17, and 24.
AUGUST 1983
69
CYCLICAL INDICATORS
B
I
CYCLICAL INDICATORS BY ECONOMIC PROCESS-Continued
MAJOR ECONOMIC
PROCESS:
Minor Ecoiomic
Process
Timing Class
year
and
montli
Q |
81. Ratio,
profits (after
taxes) with IVA
and CCAdj to
corp. domestic
incomel
(Percent)
L, L,L
Unit Labor Costs and Labor Share
Cash Flows
Profits and Profit Margins—Continued
U, L, L
PRICES, COSTS, AND PROFITS-Continued
L, L, L
L.L.L
L. U L
15. Profits (after 26. Ratio, price
Net cash flow, corporate
taxes) per dollar to unit labor
cost, nonfarm
of sales, all
business sector 34. Current
manufacturing
35. Constant
dollars
corporations
(1972) dollars
(Cents)
(1977 = 100)
Revised
(Ann. rate,
bit. dot.)
(Ann. rate,
bil. dol.)
3
Lg, Lg, Lg
63. Index of
68. Labor cost
unit labor cost, per unit of real
private business gross domestic
sector
product, nonfinancial
corporations
(1977 = 100)
Revised
1981
Lg, Lg, Lg
(Dollars)
Lg. Lg, U
lg, lg, l g
62. Index of labor cost per
unit of output, manufacturing
Actual data
(1967-100)
Actual data
as a percent
of trend
64. Compensation of employees as a percent
of national
(Percent)
(Percent)
2
January
February
March
5.5
4.9
97.8
271.7
138.0
139.6
1.272
202.4
201.8
203.4
100.8
99.8
99.9
74.9
April .
May .
June .
5.7
5.0
97.7
263.1
130.2
140.7
1.290
205.2
206.2
207.9
100,
99,
100.0
74.9
July
August . .
September .
6.1
4.8
98.8
273.1
132.8
142.3
1.306
207.8
208.7
211.1
99.
99.
99.
73.9
October..
November
December
6.0
4.4
98.1
277.5
132.2
146'.4
1.342
215.2
218.1
220.7
100.
101,
101.9
74.5
January .
February
March . .
5.5
3.9
96.8
255.1
121.1
149 .'9
1.374
226.9
224.2
224.5
104.1
102.2
101.7
75.8
April.
May .
June .
5.6
3.6
96.5
266.3
124.9
152 .'9
1.394
226.9
229.1
229.6
102.1
102.4
102.0
75.9
July
August
September
5.8
3.5
95.9
272.4
126.9
154.7
1.403
228.
227,
228,
100.9
99.9
99.4
76.4
October
November
December
5.6
2.8
95.8
275.5
127.9
155*6
1.419
229,
230,
230.7
99.3
99.1
98.6
76.4
6.5
p3.3
96.3
278.9
130.3
Dl5o\9
fi>1.428
H>231.8
231.1
229.6
98.
97.
96.
76.1
(NA)
H>p97.3
E>p307.5
Dpl44.2
P156.8
pi.419
r228.4
r227.7
r226.9
r95.2
r94.
93.
p226.0
p92.4
1982
1983
January .
February
March . .
April .
May .
June .
July
August . . .
September .
p75.4
October..
November
December
S e note on page 60.
e
Graphs of these series are shown on pates IS, 29, and 30.
l
IVA, inventory valuation adjustment; CCAdj, capital consumption adjustment.
a
See "New Features and Changes for This Issue," page iii.
70
AUGUST 1983
ItCII
CYCLICAL INDICATORS
B
I
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
MAJOR ECONOMIC
PROCESS .
Q |
Minor Economic
Process
MONEY AND CREDIT
Money
Timing Class
L,L,L
85. Change in
money supply
(Ml)
Year
and
month
102. Change
in money
supply (M2)
104. Change in total liquid assets
Smoothed
data1
Monthly
data
(Percent)
(Percent)
L, L, L
L,LtL
I, C,U
(Percent)
Credit Flows
Velocity of Money
(Percent)
L.L.L
105. Money
supply (Ml)
in 1972
dollars
106. Money
supply (M2)
in 1972
dollars
(Bil. dol.)
(Bil. dol.)
c, c, c
107. Ratio,
gross national
product to
money supply
(Ml)
C, Lg, C
108. Ratio,
personal income
to money supply
(M2)
(Ratio)
(Ratio)
33. Net change
in mortgage debt
held by financial
institutions and
life insurance
companies
(Ann. rate,
bil. dol.)
1981
January
February
March
0.63
0.77
1.10
0.49
0.85
1.20
1.07
1.05
0.66
0.89
0.96
0.95
199.9
199.9
200.5
785.9
786.5
789.7
6.819
1.414
1.414
1.412
55.82
60.60
46.93
April
May
June
1.22
0.00
0.05
0.87
0.43
0.82
0.72
0.80
202.1
200.4
198.9
793.2
789.8
789.3
6.776
0.71
0.46
1.00
1.19
1.408
1.411
1.417
54.62
42.05
47.48
July
August
September
0.49
0.44
-0.09
0.86
1.23
0.59
0.97
1.36
0.94
0.97
1.11
1.13
197.6
196.8
194.7
787.1
790.1
786.7
6.938
...
1.432
1.432
1.435
60.85
34.20
26.76
October
November
December
-0.05
0.60
1.08
0.69
0.95
0.80
0.93
1.02
0.64
1.08
1.02
0.91
193.9
194.2
195.5
789.3
793.1
796.4
6.945
1.425
1.415
1.403
22.79
21.66
5.14
January
February
March
1.63
0.04
0.13
0.85
0.31
0.72
0.85
0.90
0.92
0.85
0.82
0.84
198.1
198.1
198.4
800.9
802.8
808.9
6.743
1.391
1.393
1,387
22.08
16.39
3.53
April
May
June
0.16
0.69
0.22
0.34
0.84
0.75
0.65
1.00
1.08
0.86
0.84
0.88
198.2
197.6
195:9
809.7
808.2
805.6
1.389
1.388
1.380
8.75
3.22
-9.78
July
August
September
0.22
0.86
1.07
0.88
1.21
0.70
1.13
0.91
0.60
0.99
1.06
0.96
195.2
196.3
198.2
807.9
815.2
820.1
6.739
1.377
1.359
1.355
-5.95
•7.22
-10.42
October
November
December •.
1.19
1.13
0.89
0.66
0.79
0.75
0.90
0.57
0.50
0.84
0.75
0.67
199.7
201.9
204.3
822,1
828.6
837.1
6.566
1.357
1.354
1.350
-48.32
-9.05
-47.32
0.82
1.87
1.32
H>2.58
1.17
1.02
p0.94
0.70
0.82
pO.97
205.6
209,9
6.468
212.4
857.2
876.4
883.4
1.320
1.292
1.290
20.60.
D34.81
r-48.55
-0.22
H>2.20
rO.24
1,03
rO.86
(NA)
(NA)
210.7
214.1
r215.5
r880.4
r884.7
r890.5
r6.473
r1.296
rl..299
rl.294
r-0.41
r-44.71
p27.50
i>p216.2
B>p891.6
pi.294
(NA)
1982
. .
6.797
...
1983
January
February
March
April
May
June
rO.85
pO.74
3
0.43
July
August
September
2.03
0.93
pO.52
October
November
December
See note on page 60.
Graphs of these series are shown on pages 13, 31, and 32.
x
This series is a weighted 4-term moving average (with weights 1,2,2,1) placed on the terminal month of the span.
2
Average for weeks ended August 3, 10, and 17.
AUGUST 1983
71
CYCLICAL INDICATORS
B 1 CYCLICAL INDICATORS BY ECONOMIC PROCESS-Contfnued
MAJOR ECONOMIC
PROCESS
H H j MONEY AND CREDIT-Continued
Minor Economic
Process
Timing C l a s s . . . . . .
Ytiar
and
month
Credit Flows-Continued
L.L.L
L, L, L
112. Net change 113. Net
change in
in business
consumer inloans
stallment
credit
(Ann. rate,
bit. dol.)
(Ann. rate,
bil. dol.)
L P L, L
111. Change
in credit outstandingbusiness and
consumer
borrowing
(Ann. rate,
percent)
Credit Difficulties
L, L,L
110. Total
private
borrowing
L.L.L
14. Current
liabilities
of business
failures ®
Bank Reserves
L,L,L
L, U, U
39. Delinquency 93. Free
rate, 30 days
reserves ®
and over, consumer installment loans
Interest Rates
U Lg, U
94. Member
bank borrow*
ing from the
Federal
Reserve ®
C, Lg, Lg
L, lg t lg
119. Federal
funds rate ®
114. Treasury
bill rate ®
(Ann. rate,
mil. dol.)
(Mil. dol.)
(Percent)
(Mil. dol.)
(Mil. dol.)
(Percent)
(Percent)
1981
17.57
4.36
-20.64
19.54
35.65,
23.12
7.9
7.9
3.2
320,608
341.36
789.20
485.34
.42
.51
53
-1,028
-1,023
-719
1,386
1,301
994
19.08
15.93
14.70
14.72
14.90
13.48
April
May . . . . . . .
June
46.46
67.79
51.17
25.55
24.02
12.78
10.0
11.2
8.4
392,040
536.88
428.20
408.54
,40
,40
.30
-1,136
-1,968
-1,700
1,338
2,220
2,039
15.72
18.52
19.10
13.63
16.30
14.56
July
August
September . . .
52.51
57.31
59.23
19.28
21.67
33.73
9.9
8.3
9.1
318,116
619.46
450.41
752.34
22
.35
2.28
-1,335
-1,122
-1,035
1,679
1,417
1,451
19.04
17.82
15.87
14.70
15.61
14.95
October
November . , .
December . . .
25.18
42.12
32.60
9.41
-4.36
-2.76
3.0
3.6
3.1
247,540
897.94
618.76
626.74
2.37
2.42
2.37
-871
-348
-330
1,149
695
642
15.08
13.31
12.37
13.87
11.27
10.93
January
February
March
65.16
62.47
23.77
21,42
8.66
2.62
8.4
7.9
2.8
262,872
645.14
913.46
836.01
2.48
2.39
2.24
-1,101
-1,414
-1,254
1,526
1,713
1,611
13.22
14.78
14.68
12.41
13.78
April
May
June
64.22
45.05
31.64
19.62
18.10
20.90
6.6
4.7
3.2
316,980
1,309.33
2,850.45
(NA)
2.20
2.21
2.16
-1,307
-745
-895
1,581
1,105
1,205
14.94
14.45
14.15
12,82
12.15
12.11
July
August
September . , .
7.98
4.73
22.00
4.70
0.80
10.04
-1.9
1.4
1.2
255,704
2.19
2.21
2.19
-378
-199
-592
669
510
976
12.59
10.12
10.31
11.91
9.01
8.20
October
November . . .
December . . .
2.71
-63.76
-64.46
4.96
15.65
29.03
-4.1
-5.6
-8.1
282,360
2.18
-51
-177
-197
455
579
697
9.71
9.20
8.95
7.75
8.04
8.01
E>32.20
-5.70
11.00
32.70
8.82
30.98
2.,24
2. 23
2, 22
46
-122
-415
500
557
852
8.68
8.51
8.77
7.81
8.13
8.30
-32.62
r-49.01
r5.76
27.25
32.35
H>52.87
2,07
2,00
EH- 92
-517
-453
H)r-1,234
993
902
(R>rl,714
8.80
8.63
8.98
8.25
8.19
8.82
p4.98
<NA)
(NA)
p-780
'-995
pl-,382
H.473
i>9.37
'9 .SB
E>9.12
a
9.38
January
February
March
1982
12.49
1983
January
February
March
April
May
June
July
August
September . . .
5.7
1.4 B>P31O,372
r-1.2
-0.6
-5.1
5.6
E>p9.3
(NA)
October
November ...
December ...
See note on page 60.
Graphs of these series ate shown on paces 13,32, 33, and 34.
l
Average f o r weeks ended August 3 , 10, 17, and 24.
"Average for weeks ended August 4 , 11, 18, and 25.
72
AUGUST 1983
CYCLICAL INDICATORS
B
CYCLICAL INDICATORS BY ECONOMIC PROCESS-Continued
MAJOR ECONOMIC
PROCESS
M j l
Minor Economic
Process
Timing Class
MONEYED CREDIT—Continued
interest Rates-Continued
Lg, Lg, Lg
U, Lgp Lg
C. Lg, Lg
116. Corporate 115. Treasury
bond yields <§) bond yields <§
Lg, Lg, Lg
Lg, Lgr Lg
117. Municipal
bond yields ®
118. Secondary
market yields
onFHA
mortgages <§)
67. Bank rates
on short-term
business loans
(Percent)
(Percent)
Year
and
month
(Percent)
Outstanding Oebt
(Percent)
(Percent)
Lg, Lg, Lg
109. Average
prime rate
charged by
banks ©
(Percent)
Lg, Lg, Lg
66. Consumer
installment
credit
Lg, Lg, Lg
(Mil. dol.)
Lg, Lg, Lg
101. Constant
(1972) dollars
95. Ratio,
consumer installment credit
to personal
income
(Mil. dol.)
(Percent)
Commercial and industrial
loans outstanding
72. Current
dollars
(Mil. dol.)
L«, Lg, Lg
1981
January
February
March
14.01
14.60
14.49
11.65
12.23
12.15
9.68
10.10
10.16
14.23
14.79
15.04
19.91
20.16
19.43
18.05
309,765
312,736
314,663
211,841
212,204
210,484
88,599
87,869
86,370
13.37
13.38
13.33
April
May
June
15.00
15.68
14.97
12.62
12.96
12.39
10.62
10.78
10.67
15.91
16.33
16.31
19.99
17.15
19.61
20.03
316,792
318,794
319,859
214,356
220,005
224,269
87,030
89,107
90,614
13.34
13.34
13.23
July
August
September . . .
15.67
16.34
16.97
13.05
13.61
14.14
11.14
12.26
12.92
16.76
17.96
18.55
21.11
20.39
20.50
20.08
321,466
323,272
326,083
228,645
233,421
238,357
91,936
93,781
95,996
13.05
12.96
12.97
October
November . . .
December . . .
16.96
15.53
15.55
14.13
12.68
12.88
12.83
11.89
12.91
17.43
15.98
16.43
17.23
18.45
16.84
15.75
326,867
326,504
326,274
240,455
243,965
246,682
96,724
98,333
99,308
13.00
12.96
12.96
January
February
March
16.34
16.35
15.72
13.73
13.63
12.98
13.28
12.97
12.82
17.38
17.10
16.41
17.13
15.75
16.56
16.50
328,059
328,781
328,999
252,112
257,318
259,299
100,644
102,640
103,637
13.03
12.99
12.97
April
May
June
15.62
15.37
15.96
12.84
12.67
13.32
12.59
11.95
12.45
16.31
16.19
16.73
17.11
16.50
16.50
16.50
330,634
332,142
333,884
264,651
268,405
271,042
105,776
107,062
107,856
12.97
12.93
12.98
iuly
August
September . . .
15.75
14.64
13.78
12.97
12.15
11.48
12.28
11.23
10.66
16.29
14.61
14.03
13.27
16.26
14.39
13.50
334,276
334,343
335,180
271,707
272,101
273,934
107,735
107,934
109,007
12.91
12.93
12.90
October
12.t:
11.89
12.15
10.51
10.18
10.33
9.69
10.06
9.96
12.99
12.82
12.80
11.26
12.52
11.85
11.50
335,593
336,897
339,316
274,160
268,847
263,475
108,923
106,643
104,347
12.82
12.79
12.83
January
February
March
12.04
12.11
11.81
10.37
10.60
10.34
12.87
12.65
12.68
10.20
11.16
10.98
10.50
342,041
342,776
345,358
266,158
265,683
266,600
105,702
105,179
rlO5,626
12.89
12.93
12.93
April
May
June
11.58
11.24
11.90
10.19
10.21
10.64
12,50
12.41
12.96
10.30
10.50
10.50
10.50
347,629
350,325
B>354,731
263,882
r259,798
r260,278
104,466
rlO2,565
rlO2,472
rl2.93
rl2.87
>
(H>12.46
U2.86
E>11.05
2
11.50
10.50
MO.88
CNA)
p260,693
P102.393
(NA)
1982
November . . .
December . . .
1983
July
August
September . . .
(H>9.53
3
9.72
.23
October
November . . .
December . . .
See note on page 60.
Graphs of these series are shown on pages 15, 34, and
^Average f o r weeks ended August 5, 1 2 ,
a
Average f o r weeks ended August 5 , 1 2 ,
'Average for weeks ended August 4 , 1 1 ,
*Average f o r August 1 through 29.
AUGUST 1983
35.
19, and 26.
and 19.
18, and 25.
73
CYCLICAL INDICATORS
C
DIFFUSION INDEXES AND RATES OF CHANGE
^ M
950. Twelve leading
indicator components
(series 1, 5, 8, 12, 19,
20, 29, 32, 36, 99,106,
111)
Year
and
month
952. Six lagging
indicator components
(series 62,77, 91,
95,101,109)
951. Four roughly
coincident indicator
components (series
41, 47, 51, 57)
1-month
span
6-month
span
8.3
33.3
58.3
75.0
54.2
58.3
100.0
87.5
75.0
100.0
100.0
100.0
100.0
41.7
25.0
45.8
58,3
33.3
50.0
50.0
100.0
75.0
75.0
33.3
41.7
8.3
8.3
16.7
8.3
1-month
span
DIFFUSION INDEXES
6-month
span
1-month
span
6-month
span
961. Average workweek
of production workers,
manufacturing (20
industries)
1-month
span
963. Number of employees on private
nonagricultural payrolls
(186 industries)
962. Initial claims for
State unemployment
insurance, week including the 12th x
(51 areas)
9-month
span
1-month
span
9-month
span
1-month
span
95.0
77.5
76.5
81.4
70.6
57.8
52.4
52.2
68.5
65,3
63.7
6-month
span
1981
January
February
March
April
May
June
,
. . .
.
July
August . . . .
September
. ,
,
25.0
41.7
16.7
66.7
33.3
75.0
15.0
47.5
60.0
86.3
39,2
31.4
50.0
83.3
66.7
41.7
66.7
50.0
66.7
60.0
77.5
22.5
42.5
15.0
10.0
64.7
78.4
17.6
19.6
19.6
5.9
65.6
60.2
58.9
69.4
64.2
58.6
75.0
25.0
37.5
50.0
25.0
12.5
66.7
50.0
83.3
83.3
66.7
66.7
32.5
57.5
15.0
15.0
20.0
5.0
68.6
58.8
9.8
17.6
9.8
27.5
62.6
49.5
42.2
45.7
34.4
29.6
8.3
0.0
8.3
0.0
0.0
0.0
75.0
66.7
75.0
66.7
66.7
50.0
65.0
17.5
32.5
7.5
0.0
5.0
60.8
49.0
22.5
11.8
5.9
7.8
33.3
29.3
30.9
24.2
25.0
22.0
5.0
28.5
45.4
36.0
20.2
23.7
25.3
8.3
25.0
50.0
29.2
25.0
0.0
0.0
January
February
March
45.8
58.3
33.3
41.7
41.7
45.8
0.0
87.5
37.5
0.0
50.0
50.0
75.0
33.3
33.3
41.7
33.3
33.3
95.0
12.5
5.0
32.5
22.5
96.1
24.5
5.9
11.8
31.4
43.1
April
May
June
66.7
37.5
37.5
66.7
50.0
45.8
25.0
75.0
58.3
41.7
58.3
33.3
33.3
33.3
47.5
65.0
80.0
22.5
25.0
85.0
62.7
68.6
19.6
15.7
23.5
9.8
39.0
47.6
32.8
29.8
0.0
25.0
0.0
0.0
58.3
r58.3
62.5
50.0
25.0
0.0
rl2.5
0.0
0.0
0.0
33.3
50.0
r33.3
33.3
16.7
16.7
45.0
37.5
42.5
32.5
60.0
80.0
67.6
17.6
17.6
72.5
82.4
38.4
37.1
34.1
23.4
19.1
21.2
16.7
0.0
0.0
8.3
16.7
16.7
57.5
65.0
62.5
62.5
82.5
100.0
88.2
60.8
76.5
71.6
66.7
84.3
29.3
32.0
42.2
26.1
26.6
35.8
90.0
90.0
p85.0
68.6
57.8
35.3
r98.0
p96.1
(NA)
56.5
45.7
62.4
50.5
r63.2
r73.4
p76.3
October
December
1982
July
August
September .
41.7
62.5
9.8
66.7
58.3
66.7
83,3
87.5
83.3
0.0
50.0
75.0
50.0
50.0
75.0
January
February . .
March . . .
75.0
66.7
66.7
r100.0
100.0
100.0
100.0
25.0
100.0
100.0
100.0
100.0
33.3
50.0
25.0
16.7
16.7
16.7
85.0
7.5
97.5
April
May
June
83.3
70.8
87.5
3
87.5
100.0
100.0
•100.0
r33.3
8.3
25.0
*0.0
92.5
32.5
r87.5
80.4
r48.0
p78.4
69.1
r71.0
r64.5
p62.5
(NA)
26.1
26.1
p69.6
October...
November . . .
December . . .
1983
July
August
September
a
68.2
100.0
*100.0
*37.5
October
November
December
NOTE: Figures are the percent of series components rising. (Half of the unchanged components are counted as rising.) Data are centered within the spans: 1-month indexes are placed on the 2d month,.6month indexes on the 4th month, and 9-month indexes on the 6th month of the span; 1-quarter indexes are placed on the 1st month of the 2d quarter and 4-quarter indexes on the 2d month of the 3d quarter.
Series are seasonally adjusted except for those, indicated b y ® , that appear to contain no seasonal movement. Series numbers are for identification only and do not reflect series relationships or order. Complete titles and sources are listed at the back of this issue. The "r" indicates revised; "p", preliminary; "e", estimated; "a", anticipated; and "NA", not available.
Graphs of thtst stftts ire shown on pagt 36.
'Figures are the percent of components declining.
'Excludes series .36,for which data are not available.
'Excludes series 1>7, for which data are not available.
*Excludes series 77 and 95, for which data are not available.
74
AUGUST 1983
BCIt
CYCLICAL INDICATORS
C
I DIFFUSION INDEXES AND RATES OF CHANGE—Continued
D
| DIFFUSION NDEXES-Continued
964. Value of manufacturers' new orders,
durable goods industries (34 industries)
Year
and
month
1-month
span
9-month
span
965. Newly approved
capital appropriations,
deflated (17 manufacturing industries)
1-month
span
967. Index of spot
market prices, raw
industrials ©
(13 industrial materials)
1-month
span
9-month
span
1-month
span
79.2
70.8
58.3
30.8
30.8
65.4
38.5
38.5
46.2
66.0
42.5
85.8
79.2
67.3
59.6
60
*49
83.3
62.5
45.8
56.2
62.5
45.8
54.2
58.3
45.8
69.2
26.9
38.5
46.2
46.2
53.8
81.1
30.2
67.3
59.6
44.2
42.3
59
31.3
20.8
16.7
61.5
61.5
42.3
61.5
42.3
23.1
19.2
40.4
0.0
46.2
32.7
9.6
49
*42
87.5
52.1
12.5
8.3
8.3
10.4
38.5
26.9
46.2
23.1
23.1
15.4
58.7
65.4
67.3
14.4
10.6
34.6
48
*35
20.8
8.3
20.8
0.0
12.5
33.3
42.3
34.6
38.5
15.4
30.8
26.9
10.6
34.6
28.8
34.6
42.3
38.5
*50
*40
33.3
75.0
31.3
41.7
37.5
33.3
30.8
34.6
23.1
26.9
19.2
19.2
88.5
54.8
11.5
18.0
56.0
79.6
53
52
20.8
41.7
54.2
33.3
25.0
37.5
61.5
53.8
61.5
26.9
15.4
23.1
52.9
26.5
100.0
87.8
87.8
89.8
58
49
60.4
52.1
41.7
45.8
60.4
75.0
46.2
30.8
46.2
50.0
57.7
65.4
98.0
85.7
51.0
89.8
98.0
100.0
(NA)
p58
25.0
33.3
41.7
80.8
61.5
57.7
63.3
59.2
73.5
100.0
98.0
93.9
80.8
81.6
91 8
65 3
82.4
79.4
64.7
56
•••
April
May
June .
64.7
52.9
52.9
55.9
41.2
32.4
53
35.3
35.3
47.1
32.4
26.5
14.7
33
36.8
50.0
35.3
29.4
20.6
14.7
30
January
February
March
38.2
47.1
45.6
23.5
26.5
33.8
53
April
May
June
47.1
61.8
35.3
26.5
23.5
41.2
24
July
August
September
50.0
38.2
50.0
23.5
32.4
52.9
53
October
38.2
70.6
41.2
44.1
50.0
r64.7
77
70.6
52.9
55.9
91.2
r85.3
P82.4
42
75.0
58.3
75.0
79.2
r87.5
91.7
61.5
76.9
57.7
p59
83.3
r91.7
r83.3
p87.5
65.4
46.2
46.2
October
November
December
.
(4-quarter span)
Revised"
41.2
50.0
50.0
July
August
September
9-month
span
960. Net profits,
manufacturinga ®
(about 600 companies)
6-month
span
4-Q moving
average
January
February
March
...
968. Index of stock
prices, 500 common
stocks' ®
43
1-quarter
span
Revised"
1981
966. Index of industrial
production (24
industries)
1982
December
.
1983
January
February
March
April
May
June
76.5
r64.7
r64.7
July
August .
September
p38.2
p95.8
3
57.7
73.1
3
52.0
October
November
December
See note on page 74.
Graphs of these series are shown on page 37.
*Based on 53 industries through May 1981, on 52 industries through August 1982, on 50 industries in September 1982, and on 49 industries
thereafter. Data for component industries are not shown in table C2 but are available from the source.
2
This is a copyrighted series used by permission; it may not be reproduced without written permission from Dun $ Bradstreet, Inc.
3
Based on average for August 2, 9, 16, and 23.
"See "New Features and Changes for This Issue," page iii.
AUGUST 1983
75
CYCLICAL INDICATORS
C I DIFFUSION INDEXES AND RATES OF CHANGE-Contlnued
Q
Year
anil
quarter
970. Business expenditures for new plant and
equipment (22 industries)
a. Actual
expenditures
b. Later
anticipations
-
c. Early
anticipations
DIFFUSION INDEXES-Continued
972. Net profits, manufacturing
and t radeJ ®
Anticipated
Actual
973. Net sales, manufacturing
and trade • ®
Actua 1
971. New orders, manufacturing ' ®
Actual
Anticipated
Anticipated
(4-Q span)
(4-Q span)
(4-Q span)
(4-Q span)
66
75
57
62
62
54
57
56
66
73
59
61
73
62
68
66
72
80
63
67
68
70
62
62
74
74
76
76
60
66
60
60
70
69
74
70
74
72
71
68
78
76
80
59.1
59.1
65.9
59.1
52
50
52
56
60
68
64
60
53
52
52
54
61
66
66
60
63
58
57
60
65
70
72
65
45.5
40.9
68.2
66
(NA)
66
77
82
62
(NA)
64
73
80
66
(NA)
68
78
84
(1-Q span)
(1-Q span)
(1-Q span)
77.3
59.1
50.0
54.5
54.5
45.5
36.4
40.9
81.8
59.1
81.8
77.3
74
63
60
60
72.7
63.6
72.7
36.4
72.7
40.9
54.5
59.1
70.5
68.2
77.3
68.2
54.5
34.1
27.3
22.7
59.1
22.7
27.3
50.0
36.4
(NA)
59.1
43.2
(4-Q span)
(4-Q span)
1930
First Quarter. . . . .
Second quarter . . .
Third quarter
Fourth quarter
1981
First quarter
Second quarter . . . .
Third quarter
Fourth quarter
80
1982
First quarter
Second quarter . . .
Third quarter . . . .
Fourth quarter . . . .
1983
First quarter
Second quarter
Third quarter
Fourth quarter . . ..
Q |
V»ar
Tear
and
quarter
974. Number of employees,
manufacturing and trade• ®
975. Level of inventories,
manufacturing and trade' ®
Actual
Actual
Anticipated
(4-Q span)
(4-Q span)
Anticipated
(4-Q span)
(4-Q span)
DIFFUSION NDEXES-Continued
976. Selling prices, manu
facturing' ®
Anticipated
Actual
(4-Q span)
(4-Q span)
977. Selling prices, wholesale
trade' ®
978. Selling prices, retail
trade' ®
Actual
Actual
Anticipated
(4-Q span)
(4-Q span)
Anticipated
(4-Q span)
(4-Q span)
1980
First quarter
Second quarter . . . .
Third quarter
Fourth quarter . . . .
51
54
56
48
50
67
61
64
60
62
70
53
56
90
88
90
90
87
90
83
86
92
90
92
90
88
92
91
94
90
51
53
52
52
56
54
56
55
62
64
62
63
63
61
66
64
88
86
84
82
88
90
B9
34
90
88
84
82
90
89
89
84
94
90
86
86
90
90
92
87
48
46
46
46
50
51
51
48
58
52
52
52
54
56
56
50
72
68
63
60
30
76
58
56
72
67
68
61
82
78
72
68
78
75
74
68
82
81
76
72
48
(HA)
50
54
(NA)
52
58
62
61
(NA)
55
66
70
63
(NA)
68
64
68
68
(NA)
69
67
70
58
54
53
90
92
87
90
93
84
90
1981
First quarter
Second quarter . . . .
Third quarter
Fourth quarter . . . .
1932
First quarter
Second quarter . . . .
Third quarter
Fourth quarter . . . .
1983
First quarter
Second quarter . . . .
Third quarter
Fourth quarter . . . .
56
59
NOTE: Figures are the percent of series components rising. (Half of the unchanged components are counted as rising.) Data are placed at the end of the span. Series are seasonally adjusted except for those,
indicated by ® , that appear to contain no seasonal movement. The "r" indicates revised; " p ' \ preliminary; and "NA", not available.
Graphs of th«» » r i « art shown on pif« 33.
'This is a copyrighted series used by permission; it may not be reproduced without written permission from Dun & Bradstreet, Inc. Dun $
Bradstreet diffusion indexes are based on surveys of about 1,400 business executives.
76
AUGUST 1983
CYCLICAL INDICATORS
C
DIFFUSION INDEXES AND RATES OF CHANGE—Continued
0 1
Diffusion index components
SELECTED DIFFUSION INDEX COMPONENTS: Basic Data and Directions of Change
1983
1982
December
January
February
May
April
March
Ju1yp
0une'
961. AVERAGE WORKWEEK OF PRODUCTION WORKERS, MANUFACTURING '
(Average weekly hours)
o
All manufacturing industries
39.0
+
(62)
Percent rising of 20 components
39.7
39.2
(85)
+
39.5
+
40.1
(98)
(8)
-
r40.0
+
40.2
+
40.3
(62)
(88)
(92)
(32)
39.8
39.2
+
+
40.0
39.6
+
39.9
39.9
41.2
r40.3
+
o
41.6
40.3
+
+
41.8
40.8
Durable goods industries:
39.5
37.9
o
+
39.5
38.3
+
+
40.0
39.3
40.5
39.1
+
+
40.6
39.4
+
+
41.0
39.9
39.9
39.6
39.6
39.4
+
+
39.7
39.7
+
+
40.5
40.2
40.4
40.0
0
+
40.4
40.4
+
+
40.8
40.7
+
+
39.9
41.6
39.5
41.2
+
+
39.8
41.7
+
+
40.4
42.3
40.3
41.6
+
+
40.5
42.0
+
+
40.7
42.2
39.7
39.0
+
40.4
38.7
39.7
37.7
+
+
40.0
39.0
+
o
40.5
39.0
r40.4
38.8
40.0
38.9
+
+
40.1
38.5
39.1
37.9
+
39.3
36.5
39.0
34.1
+
+
39.2
36.3
+
+
39.6
37.3
39.4
37.4
+
+
39.8
38.5
40.4
36.1
+
+
40.7
36.2
+
41.0
35.9
Lumber and wood products
Furniture and fixtures
+
+
38.8
37.8
+
+
40.5
38.6
Stone, clay, and glass products
Primary metal industries
+
40.1
38.8
+
+
41.4
38.9
Fabricated metal products ..
Machinery, except electrical
o
o
39.2
39.3
+
+
Electric and electronic equipment ....
Transportation equipment
+
39.4
40.1
Instruments and related products
Miscellaneous manufacturing
+
+
+
+
-
Nondurable goods industries:
Food and kindred products
Tobacco manufacturers
+
39.6
38.4
Textile mill products
Apparel and other textile products
+
+
38.9
35.1
+
+
39.7
36.6
39.0
35.2
+
+
39.6
35.6
+
+
40.6
36.2
Paper and allied products
Printing and publishing
o
o
41.7
37.1
+
+
41.8
37.5
41.4
37.1
+
+
42.1
37.4
+
+
42.4
37.7
+
42.7
37.4
+
+
42.8
37.6
+
+
43.0
37.7
Chemicals and allied products
Petroleum and coal products
+
+
40.9
44.4
+
+
41.0
44.5
41.0
44.4
+
+
41.2
44.9
+
41.5
43.5
+
+
r41.6
r43.6
+
+
41.9
43.7
o
41.9
42.8
Rubber and miscellaneous plastics products
Leather and leather products
+
o
40.4
35.8
40.1
36.3
39.7
34.9
+
+
40.6
36.0
+
+
41.1
37.0
0
+
r41.1
36.8
+
o
41.3
36.8
+
41.1
37.3
+ r84,456
+
90,905
-
87,604
o
964. VALUE OF MANUFACTURERS' NEW ORDERS, DURABLE GOODS INDUSTRIES
(Millions of dollars)
+
All durable goods industries
76,180
+
-
77,449
+
79,951
+ r83,101
(56)
(53)
(71)
(41)
Percent rising of 34 components
82,355
l 2
(76)
(65)
(38)
(65)
-
7,212
7,761
+
+
8,708
9,229
+
-
9,911
9,024
+
9,183
9,715
+
8,952
r9,313
+
9,963
+ rlO,036
+
+
10,113
10,133
+
-
10,595
9,759
Machinery except electrical
Electrical machinery
+
11,967
12,934
+
-
12,708
12,213
+
12,252
12,398
+
+
14,330
12,526
+
+
14,806
13,181
+ rl4,956
+ 13,849
+
-
15,467
13,432
+
14,411
14,656
Transportation equipment
Other durable goods industries
+
-
21,399
14,907
+
+
23,105
16,392
-
17,708
16,156
+
+
17,953
16,244
+ rl9,973
+ 16,876
- rl8,377
+ 17,275
+
+
23,442
18,318
-
20,179
18,004
Primary metals
Fabricated metal products
..
.
NOTE: To facilitate interpretation, the month-to-month directions of change are shown along with the numbers: ( + ) = rising, (o) - unchanged, and (—) = falling. The "r" indicates revised; "p",
preliminary; and "NA", not available.
L
Data are seasonally adjusted by the source agency.
a
Data for most of the diffusion index components are not available for publication, but they are included in the totals and directions of
change for the six major industry groups shown here.
AUGUST 1983
77
CYCLICAL INDICATORS
C
I
DIFFUSION INDEXES AND RATES OF CHANGE-Continued
| Q
SELECTED DIFFUSION INDEX COMPONENTS: Basic Data and Directions of Change-Continued
1983
1982
Diffusion index components
December
January
966. INDEX OF INDUSTRIAL PRODUCTION
(1967-100)
All industrial production..
........
+
135.2
+
+
138.1
+
(58)
(75)
(42)
Percent rising of 24 components *
137.4
Aprilr
March
February
Juner
Mayr
JulyP
l
140.0
+
142.6
+
(83)
(75)
144.4
+
146.0
+
148.6
(83)
(92)
(96)
(NA)
(NA)
Durable manufactures:
Lumber 3nd products.
Furniture an<1 fixtures
+
+
121.4
153.7
+
-
130.0
150.0
+
+
130.2
154.0
-
128.7
+
161.0
+
+
132.1
167.7
+
+
135.8
169.6
+
+
138.0
172.4
Clay, glass, and stone products
Primary netals
-
125.4
63.5
+
+
128.0
73.1
+
+
131.8
77.9
+
+
135.6
81.2
+
+
138.3
83.1
+
+
139.3
84.9
+
+
139.9
85.8
+
(NA)
88.6
+
-
107.3
139.2
+
-
107.6
138.0
+
-
110.3
136.2
+
+
113.9
138.6
+
+
115.3
143.1
+
+
115.5
145.9
+
+
117.6
149.0
+
+
120.0
152.7
Electrical machinery
Transportation equipment
o
+
165.5
103.7
+
+
169.5
106.3
+
168.9
109.6
+
+
173.8
110.1
+
177.2
+
111.4
+
+
180.1
113.8
+
+
182.1
116.5
+
+
186.6
120.0
Instruments
Miscellaneous manufactures .
-
155.2
128.2
+
154.5
131.3
+
153.4
133.9
+
+
154.0
136.9
+
+
155.1
145.0
+
+
156.0
149.0
+
155.3
150.6
+
+
156.4
152.0
Foods
Tobacco products
+
-
152.8
109.9
+
-
154.4
104.7
+
153.0
108.5
+
152.0
113.4
+
+
153.7
114.8
+
-
154.7
110.6
Textile mill products
Apparel products
-
122.2
+
125.8
(NA)
+
130.7
(NA)
+
131.9
(NA)
+
136.6
(NA)
+
139.6
(NA)
+
142.0
(NA)
Fabricated metal products
Nonelectrical machinery
,
Nondurable manufactures:
(NA)
(NA)
(NA)
(NA)
(NA)
(NA)
M
-
151.1
+
142.8
+
-
158.8
141.3
+
155.6
144.0
+
+
156.3
145.9
+
-
157.0
145.7
+
-
161.3
145.2
+
+
161.5
147.5
+
+
164.3
148.5
+
-
195.9
118.7
+
-
197.6
113.5
+
-
202.3
111.7
+
+
205.7
114.8
+
+
208.5
120.6
+
+
210.9
122.9
+ 212.7
+ 123.1
+
(NA)
124.5
-
249.7
56.0
+
+
256.2
59.5
+
+
264.0
61.7
+
272.0
59.4
+
283.0
58.7
+
+
289.1
59.9
+
+
Metal mining
Coal
+
-
74.9
129.7
+
+
81.7
144.8
75.1
136.5
+
75.2
127.3
+
79.8
125.3
+
+
84.2
125.6
Oil and gas extraction
Stone and earth minerals
+
-
122.9
111.7
+
+
124.6
112.8
-
117.0
-
+
115.7
114.4
114.0
+
112.2
117.7
+
+
112.8
123.4
Paper and products
Printing and publishing
Chemicals and products ..
Petroleum products
Rubber and plastic;* products
Leather and products. .
,
292.8
61.0
(NA)
(NA)
Mining:
NOTE: To facilitate interpretation, the month-to-month directions of change are shown along with the numbers: ( + ) = rising, (o) - unchanged, and ( - ) - falling.
preliminary; and "NA", not available.
l
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.
78
83.3
124.6
+
+
+
(NA)
139.9
113.6
125.8
+
114.4
(NA)
The "r" indicates revised; "p",
AUGUST 1983
ItCII
CYCLICAL INDICATORS
DIFFUSION INDEXES AND RATES OF CHANGE—Continued
Q j
Diffusion index components
SELECTED DIFFUSION INDEX COMPONENTS: Basic Data and Directions of Change-Continued
1983
1982
January
December
-
227.4
232.1
(46)
Percent rising of 13 components
April
March
May
June
August1
July
INDEX OF SPOT MARKET PRICES RAW INDUSTRIALS 2
967.
Rw industrials price index (1967 = 100) . . . .
a
February
+
248.8
(77)
(62)
241.3
(58)
+
253.2
-
(65)
251.5
-
(46)
250.5 +
(46)
256.0 +
(58)
263.3
(73)
Dollars
Copper scrap.
(pound).,
(kilogram)..
+
0.510
1.124
0.552
1.217
+
0.591 1.303
0.587
1.294
+
0.608
1.340
0.623
1.373
-
0.591 +
1.303
0.604 1.332
0.595
1.312
Lead scrap
(pound)
(kilogram)..
-
0.114 +
0.251
0.126
0.278
-
0.125 _
0.276
0.123
0.271
+
0.128
0.282
0.124
0.273
-
0.118 0.260
0.113 +
0.249
0.115
0.254
(U.S.ton)..
(metric t o n ) . .
o
60.000
66.138
-
69.600
76.720
+
75.500 + 80.000 + 87.250
83.224
88.184
96.176
+
5.528 12.187
-
6.208
13.686
-
6.158 13.576
6.110 13.470
5,960
13.139
+
0.404
0.891
+
0.405 +
0.893
0.411 +
0.906
0.434
0.957
Steel scrap ..
Tin
(pound).,
(kilogram).,
Zinc
(pound).,
(kilogram)..
+
61.250 + 72.750
80.192
67.516
+
85.000
93.696
5.518
12.165
+
+
6.180 + 6.300
13.624
13.889
0.402
0.886
+
0.404 0.891
0.384
0.847
+
0.387
0.853
5.948
13.113
80.500 88.735
-
0.390
0.860
(yard).
(meter)..
-
0.240 _
0.262
0.229
0.250
+
0.237 +
0.259
0.256
0.280
+
0.260
0.284
0.244
0.267
+
0.252 0.276
0.250 +
0.273
0.257
0.281
Cotton
(pound).,
(kilogram)..
+
0.610
1.345
+
0.622
1.371
+
0.633
1.396
0.681
1.501
-
0.677
1.493
0.692
1.526
+
0.726
1.601
-
0.720 +
1.587
0.745
1.642
Print cloth
.,
(yard)..
(meter)..
+
0.610
0.667
0
0.610
0.667
-
0.608 _
0.665
0.594
0.650
-
0.578 +
0.632
0.584
0.639
-
0.576 +
0.630
0.615 +
0.673
0.635
0.694
Wool tops ..
(pound).,
(kilogram),.
-
3.375
7.441
-
3.300
7.275
o
3.300 7.275
3.240
7.143
-
3.200
7.055
3.200
7.055
o
3.200 o
7.055
3.200 +
7.055
3.288
7.249
Hides
(pound).,
(kilogram)..
-
0.485
1.069
-
0.474
1.045
+
0.479
1.056
+
0.504
1.111
+
0.560
1.235
0.605
1.334
+
0.618 +
1.362
0.692
1.526
0.676
1.490
(100 pounds)
(100 kilograms)..
o
47.000
103.616
0
47.000
103.616
o
47.000
103.616
0
47.000
103.616
o
47.000
103.616
0
47.000
103.616
o
Rubber
(pound).,
(kilogram).,
+
0.421
0.928
0.440
0.970
+
0.484
1.067
+
0.560
1.235
+
0.584
1.287
-
0.568
1.252
-
0.555 +
1.224
0.581 +
1.281
0.595
1.312
Tallow . . . .
(pound)..
(kilogram)..
-
0.139 +
0.306
0.144
0.317
+
0.148 +
0.326
0.151
0.333
+
0.169
0.373
_
0.164
0.362
-
0.150 o
0.331
0.150 +
0.331
0.182
0.401
Burlap
Rosin
..
..
....
+
+
+
0
+
-
47.000 o 47.000 o 47.000
103.616
103.616
103.616
NOTE: To facilitate interpretation, the month-to-month directions of change are shown along with the numbers: ( + ) = rising, (o) ~ unchanged, and ( - ) - falling. The "r" indicates revised; "p"
preliminary; and "NA", not available.
'Average for August 2, 9, 16, and 23.
2
Data are not seasonally adjusted. These series are based on copyrighted data used by permission; they may not be reproduced without
written permission from Commodity Research Bureau, Inc. Components are converted to metric units by the Bureau of Economic Analysis.
AUGUST
1983
79
OTHER IMPORTANT ECONOMIC MEASURES
I A I
NATIONAL INCOME AND PRODUCT
^ H
b. Difference
a. Total
(Ann. rate,
bil. dol.)
(Ann. rate,
bil. dol.)
217. Per capita
GNP in 1972
dollars
50. Gross national product in 1972 dollars
200. Gross national product in current dollars
Year
and
quiirtei
GNP AND PERSONAL INCOME
b. Difference
a. Total
c. Percent
change at
annual rate
(Ann. rate,
bil. dol.)
(Ann. rate,
bil. dol.)
c. Percent
change at
annual rate
(Ann. rate,
dollars)
213. Final sales
in 1972 dollars
(Ann. rate,
bil. dol.)
1980
First quarter
Second quarter
Third quarter
Fourth quarter
2,578.8
2,639.1
2,736.0
73.0
5.9
60.3
96.9
11.7
0.9
9.7
15.5
1,496.4
1,461.4
1,464.2
1,477.9
5.6
-35.0
2.8
13.7
1.9
-9.0
0.8
3.8
6,600
6,427
6,421
6,464
1,496.9
1,463.6
1,474.4
1,482.5
2,866.6
2,912.5
3,004.9
3,032.2
130.6
45.9
92.4
27.3
20.5
6.6
13.3
3.7
1,510.1
1,512.5
1,525.8
1,506.9
32.2
2.4
13.3
-18.9
9.0
0.7
3.6
-4.9
6,592
6,588
6,629
6,529
1,507.0
1,503.6
1,509.7
1,500.9
3,021.4
3,070.2
3,090.7
3,109.6
-10.8
48.8
20.5
18.9
-1.4
6.6
2.7
2.5
1,485.8
1,489.3
1,485.7
1,480.7
-21.1
3.5
-3.6
-5.0
-5.5
1.0
-1.0
-1.3
6,424
6,425
6,393
6,355
1,495.9
1,492.7
1,487.0
1,503.4
3,171.5
r3,27d.O
61.9
r98.5
8.2
rl3.0
1,490.1
rl,523.4
9.4
r33.3
2.6
r9.2
6,382
r6,511
1,505.5
rl,527.4
2,572.9
...
1981
First quarter
Second quarter
Third quarter
Fourth quartet
1982
First quarter
Second quarter
Third quarter . . . .
Fourth quarter . . . .
1983
First quarter
Second quarter . . . .
Third quarter . . . .
Fourth quarter
f H
Year
and
quarter
Q
GNP AND PERSONAL INCOME-Continued
230. Total in current
dollars
Disposable personal income
224. Current dollars
(Ann. rate,
bil. dol.)
225. Constant
(1972) dollars
(Ann. rate,
bil. dot.)
PERSONAL CONSUMPTION EXPENDITURES
231, Total in 1972
dollars
232. Durable goods
in current dollars
233. Durable goods
iri 1972 dollars
227. Per capita in
1972 dollars
(Ann. rate,
dollars)
(Ann. rate,
bil. dol.)
(Ann. rate,
bil. dol.)
(Ann. rate,
bil. dol.)
(Ann. rate,
bil. dol.)
1980
First quarter
Second quarter
Third quarter
Fourth quarter . . .
1,771.7
1,789.8
1,846.0
1,908.0
1,025.8
1,012.0
1,019.2
1,029.6
4,524
4,451
4,469
4,503
1,620.5
1,626.4
1,683.4
1,741.9
938.3
919.6
929.4
940.0
220.7
200.8
213.8
223.6
145.2
130.0
135.6
139.0
1,967.6
2,010.4
2,092.0
2,120.5
1,040.7
1,045.6
1,068.1
1,064.3
4,543
4,554
4,640
4,612
1,802.8
1,835.8
1,886.1
1,904.1
953.6
954.7
962.9
955.7
236.9
233.4
243.5
230.8
145.4
140.5
143,9
134.8
2,127.9
2,159.0
2,191.5
2,227.8
1,055.1
1,060.2
1,059.3
1,066.1
4,562
4,574
4,558
4,576
1,938.9
1,972.8
2,008.8
2,046.9
961.4
968.8
971.0
979.6
239.4
242.9
243.4
252.1
138.5
139.5
138.2
143.2
2,255.9
r2,303.0
1,073.8
rl,082.5
4,599
r4,626
2,073.0
r2»148.4
986.7
rl,009.9
258.5
r278.0
145.8
rl56.3
1981
First quarter
Second quarter
Third quarter
Fourth quarter . . . .
1982
First quarter
Second quarter . . . .
Third quarter
Fourth quarter . . . .
1983
First quarter
Second quarter . . . .
Third quarter
Fourth quarter . . . .
NOTE: Series are seasonally adjusted except for those, indicated by <§>, that appear to contain no seasonal movement. Series numbers are for identification only and do not reflect series relationships or order.
Complete titles and sources are listed at the back of this issue. The "r" indicates revised; "p", preliminary; "e", estimated; "a", anticipated; and "NA", not available.
Graphs of these serin an shown on paps 40 and 41.
AUGUST 1983
OTHER IMPORTANT ECONOMIC MEASURES
I A I
NATIONAL INCOME AND PRODUCT—Continued
M |
Vnir
Year
and
quarter
236. Nondurable
goods in current
dollars
(Ann. rate,
bil. dol.)
Q
PERSONAL CONSUMPTION EXPENDITURES—Continued
238. Nondurable
goods in 1972
dollars
(Ann. rate,
bil. dol.)
237. Services in
current dollars
239. Services in
1972 dollars
(Ann. rate,
bil. dol.)
(Ann. rate,
bil dot.)
240. Total in
current dollars
(Ann. rate,
bil. dol.)
GROSS PRIVATE
241. Total in
1972 dollars
(Ann. rate,
bil. dol.)
DOMESTIC INVESTMENT
242. Fixed investment, total, in
current dollars
243. Fixed investment, total, in
1972 dollars
(Ann. rate,
bil. dol.)
(Ann. rate,
bil. dol.)
1980
224.3
202.4
197.4
210.0
423.6
391.3
404.9
426.8
224.8
204.5
207.5
214.7
222.7
229.5
236.3
444.7
457.1
462.2
461.8
219.7
220.7
220.2
215.7
178.4
448.6
443.7
430.2
433.8
209.9
204.9
199.8
201.1
190.0
r210.6
443.5
r463.7
205.4
r214.6
358.5
354.2
353.5
356.2
748.3
767.5
797.6
824.6
434.5
435.4
440.3
444.7
422.0
394.3
379.5
716.3
730.6
741.1
747.7
359.8
362.7
363.6
448.3
451.5
455.5
457.1
455.5
363.8
849.6
871.8
901.5
925.6
472.1
495.8
476.2
749.7
754.7
766.6
773.0
362.6
363.5
364.7
366.0
949.7
975.2
998.9
1,021.8
460.4
465.7
468.2
470.4
422.9
432.5
425.3
377.4
199.7
201.4
198.4
777.1
r798.2
368.9
r374.2
1,037.4
rl,072.2
472.0
r479.4
404.1
r451.8
651.4
658.2
First Quarter
Second quarter . . . .
Third Quarter
Fourth quarter . . . .
671.9
693.7
411.7
1981
First Quarter
Second quarter . . . .
Third Quarter
Fourth quarter . . . .
221.7
1982
First quarter
Second quarter . . . .
Third quarter
Fourth quarter . . . .
1983
First quarter
Second quarter . . . .
Third quarter . . . . .
Fourth quarter . . . .
• •
H I
Vair
• ear
ano
quarter
anfi
GROSS PRIVATE
DOMESTIC INVEST.-Con.
245. Change in
business inventories in current
dollars
(Ann. rate,
bil. dol.)
30. Change in
business inventories in 1972
dollars
(Ann. rate,
bil. dol.)
Q
260. Total in
current dollars
(Ann. rate,
bil. dol.)
261. Total in
1972 dollars
(Ann. rate,
bil. dol.)
GOVERNMENT PURCHASES OF GOODS AND SERVICES
262. Federal
263. Federal
266. State and
267. State and
Government in
current dollars
Government in
1972 dollars
local government
in current dollars
local government
in 1972 dollars
(Ann. rate,
bil. dol.)
(Ann. rate,
bil. dol.)
(Ann. rate,
bil. dol.)
(Ann. rate,
bil. dol.)
1980
First quarter
Second quarter . . . .
Third quarter
Fourth quarter . . . .
-0.5
-2.1
-10.1
-4.7
517.6
535.5
539.1
559.0
284.0
286.8
284.0
282.5
199.0
194.5
206.6
105.8
109.3
106.2
104.2
329.6
336.5
344.6
352.4
177.8
178.3
3.0
8.9
6.0
576.3
583.5
600.3
622.8
285.6
284.1
286.8
289.6
215.7
220.4
232.4
248.5
107.3
107.9
111.8
114.5
360.5
363.2
367.9
374.3
178.3
176.2
175.0
175.1
-25.7
-11.2
-4.9
-56.4
-10.2
-3.4
-1.3
-22.7
629.8
631.6
655.7
679.7
289.4
285.8
292.2
299.7
249.7
244.1
261.7
279.2
114.5
110.3
116.9
124.4
380.0
387.5
394.0
400.5
174.9
175.4
175.3
175.2
-39.4
r-11.9
-15.4
r-4.0
677.4
r682.1
292.9
r291.9
273.5
r272.7
118.4
rll7.6
404.0
r409.4
174.5
rl74.3
-1.6
3.0
-25.4
-15.1
188.1
178.1
177.5
1981
10.9
15.0
33.6
14.3
First quarter . . . . . .
Second quarter . . . .
Third quarter
Fourth quarter . . . .
16.1
1982
First quarter
Second quarter . . . .
Third quarter
Fourth quarter . . . .
1983
First quarter
Second quarter . . . .
Third quarter
Fourth quarter . . . .
See note on page 80.
Graphs of these series are shown on pages 41, 42, and 43.
AUGUST 1983
81
OTHER IMPORTANT ECONOMIC MEASURES
A
I
NATIONAL INCOME AND PRODUCT-Continued
Q
Year
and
quarter
255. Constant
(1972) dollars
(Ann. rate,
bil. dol.)
(Ann. rate,
bil. dol.)
(Ann. rate,
bil. dol.)
(Ann. rate,
bil. dol.)
(Ann. rate,
bil. dol.)
280. Compensation of
employees
257. Constant
(1972) dollars
253. Current
dollars
256. Constant
(1972) dollars
252. Current
dollars
NATIONAL INCOME
AND ITS COMPONENTS
220. National income in current
dollars
Imports of goods and services
Exports of goods and services
Net exports of goods and services
250. Current
dollars
• I
H I
FOREIGN TRADE
(Ann. rate,
bil. dol.)
(Ann. rate,
bil. dol.)
(Ann. rate,
bil. dol.)
1080
First quarter
Second quarter
Third quarter
Fourth quarter
12.8
22.5
37.1
23.3
49.8
52.6
53.4
45.4
335.3
336.8
337.6
345.4
164.4
161.0
156.4
154.7
322.5
314.2
300.5
322.0
114.5
108.4
102.9
109.3
2.076.2
2.072.5
2,117.7
2,200.1
1,555.6
1,574.8
1,604.5
1,663.6
31.9
21.1
22.8
29.2
48.3
44.1
39.8
39.9
367.3
369.2
367.5
371.0
160.6
160.7
159.0
158.7
335.4
348.1
344.7
341.7
112.4
116.6
119.1
118.8
2,295.8
2,337.2
2.423.4
2,435.6
1,718.8
1,750.9
1,791.7
1.815.6
29.9
33.3
0.9
5.6
35.2
33.4
24.0
23.0
358.4
364.5
346.0
321.6
151.8
154.5
146.4
136.5
328.5
331.2
345.0
316.1
116.6
121.1
122.4
113.5
2,419.7
2,448.9
2,458.9
2,474.0
1.834.2
1,859.9
1,879.5
1,889.0
17.0
r-12.3
20.5
326.9
r322.8
137.3
rll.O
rl34.4
309.9
r335.1
116.8
rl23.4
2,528.5
p2,612.0
1,923.7
rl,968.8
1911
First quarter
Second quarter
Third quarter
Fourth quarter
1981!
First quarter
Second quarter
Third quartet . . . .
Fourth quartur
1983
First quarter
Second quarter
Third quarter
Fourth quarter . . . .
Q |
Year
and
quarter
282. Proprietors'
income with inventory valuation and
capita) consumption adjustments
(Ann. rate,
bil. dol.)
Q
NATIONAL INCOME AND ITS COMPONENTS-Continued
284. Rental income
of persons with
capital consumption adjustment
(Ann. rate,
bil. dol.)
286. Corporate
profits with inventory valuation and
capital consumption adjustments
(Ann. rate,
bil. dol.)
288. Net interest
(Ann. rate,
bil. dol.)
290. Gross saving
(private and government)
(Ami. rate,
bil. dol.)
SAVING
292. Personal
saving
295. Business
saving
(Ann. rate,
bil. dol.)
(Ann. rate,
bil. dol.)
1980
First quarter
Second quarter . . . .
Third quarter
Fourth quarter
123.1
111.7
116.7
118.3
29.0
30.1
32.5
34.4
187.3
168.3
170.6
175.6
181.2
187.6
193.5
208.2
408.3
400.3
398.7
416.1
314.0
324.1
328.0
334.7
100.8
113.2
112.2
114.6
121.1
118.9
123.5
117.1
37.4
39.9
42.7
45.6
194.7
185.0
197.6
192.0
223.7
242.6
268.0
265.3
461.8
475.8
507.6
490.1
356.6
365.1
381.9
393.8
112.2
120.2
149.7
159.0
111.2
104.9
103.6
116.2
47.4
49.0
50.9
52.3
162.0
166.8
168.5
161.9
265.0
268.3
256.4
254.7
434.4
439.5
397.9
351.3
383.3
393.6
401.9
405.8
130.8
127.1
123.0
120.8
120.6
rl29.7
54.1
54.8
181.8
p214.7
248.3
r244.0
398.5
p421.1
419.7
p440.8
121.7
r92.2
1981
First quarter
Second quarter . . . .
Third quarter
Fourth quarter . . . .
1982
First quarter
Second quarter . . . .
Third quarter
Fourth quarter
1983
First quarter
Second quarter
Third quarter
Fourth quarter . . . .
See note on page 80.
Graphs of these series are shown on pages 44, 45, and 46.
82
AUGUST 1983
OTHER IMPORTANT ECONOMIC MEASURES
A
I NATIONAL INCOME AND PRODUCT—Continued
Q
Year
and
quarter
SAVING—Contmued
298. Government
surplus or deficit,
t At a i
loiai
H n
SHARES OF GNP AND NATIONAL INCOME
293. Personal
saving rate
/ ft gtf A Aft t
rtrf
Percent of gross national product
i^ 1 fr
^percent OT Disposable personal
income)
235. Personal con-
248. Nonresidential
sumption expendi-
fixed investment
249. Residential
fixed investment
247. Change in
business inventories
251. Net exports of
goods and services
tures, total
(Ann. rate,
bit. do!.)
(Percent)
(Percent)
(Percent)
(Percent)
(Percent)
(Percent)
1980
6.1
6.0
63.0
63.1
63.8
63.7
12.1
11.6
11.7
11.6
4.4
3.6
3.7
4.0
-8.1
-10.6
-25.2
-63.7
5.7
6.0
7.2
7.5
62.9
63.0
62.8
62.8
11.6
11.9
12.0
12.1
3.9
3.8
-79.7
-81.2
-127.0
-175.3
6.1
5.9
5.6
5.4
64.2
64.3
65.0
65.8
-142.9
p-111.9
r4.0
65.4
65.7
-7.5
-38.1
-43.3
-33.9
First quarter
Second quarter . . . .
Third quarter
Fourth quarter . . . .
5\7
6.3
-1.0
-0.6
0.5
0.9
1.4
0.9
3.4
3.1
0.4
0.5
1.1
0.5
1.1
0.7
0.8
1.0
12.0
11.5
11.1
10.8
2.9
3.0
2.8
3.1
-0.9
-0.4
-0.2
-1.8
1.0
1.1
0.0
0.2
10.5
rl0.3
3.5
3.9
-1.2
r-0.4
-0.4
-0.1
0.1
1981
First quarter . . .
Second quarter . . . .
Third quarter
Fourth quarter . . . .
1982
First quarter
Second quarter . . . .
Third quarter
Fourth quarter . . . .
1983
First quarter
Second quarter . . . .
Third quarter
Fourth quarter . . . .
5.4
^m
Year
and
quarter
SHARES OF GNP AND NATIONAL INCOME—Continued
Percent of GNP—Continued
Percent of national income
(Percent)
268. State and local
government purchases
of goods and services
64. Compensation of
283. Proprietors'
285. Rental income
287. Corporate
employees
income with IVA
of persons with
profits with IVA
and CCAdi'
CCAdj»
and CCAd)l
(Percent)
265. Federal Government purchases of
goods and services
0.5
(Percent)
(Percent)
(Percent)
(Percent)
(Percent)
289. Net interest
1980
First quarter
Second quarter . . . .
Third quarter
Fourth quarter . . . .
7.3
7.7
7.4
7.6
12.8
13.0
13.1
12.9
74.9
76.0
75.8
75.6
5.9
7.5
7.6
7.7
8.2
12.6
12.5
12.2
12.3
74.9
74.9
73.9
74.5
8.3
8.0
8.5
9.0
12.6
12.6
12.7
12.9
75.8
75.9
76.4
76.4
8.6
12.7
12.5
76.1
p75.4
1.4
1.5
1.5
1.6
8.1
8.1
8.0
8.7
9.1
9.1
9.5
5.3
5.1
5.1
4.8
1.6
1.7
1.8
1.9
8.5
7.9
8.2
7.9
10.4
11.1
10.9
4.6
4.3
4.2
2.0
2.0
2.1
2.1
6.7
6.8
6.9
6.5
11.0
11.0
10.4
10.3
5.4
5.5
5.4
9.0
1981
First quarter
Second quarter . . . .
Third quarter
Fourth quarter . . . .
9.7
1982
First quarter
Second quarter
Third quarter
Fourth quarter . . . .
4.7
1983
First quarter . . .
Second quarter . . . .
Third quarter
Fourth quarter . . . .
r8.3
4.8
2.1
7.2
9.8
p5.0
p2.1
p8.2
p9.3
See note on page 80.
Graphs of these series are shown on paces 46 and 47.
X
IVA, inventory valuation adjustment; CCAdj, capital consumption adjustment.
ItCII
AUGUST
1983
83
OTHER IMPORTANT ECONOMIC MEASURES
B I
PRICES, WAGES, AND PRODUCTIVITY
PRICE MOVEMENTS
Implicit price deflator,
gross national product
Year
and
month
310. Index
(1972=100)
310c. Change
over 1-quarter
spans'
(Ann. rate,
percent)
Fixed-weighted price index,
gross business product
311. Index
(1972=100)
311c. Change
over 1-quarter
spans'
(Ann. rate,
percent)
Consumer prices, food
Consumer prices, all items
320. Index ®
320c. Change
over 1-month
spans'
320c. Change
over 6-month
spans'
(1967=100)
(Percent)
(Ann. rate,
percent)
(1967-100)
322. Index
322c. Change
over 1-month
spans'
322c. Change
over 6-month
spans'
(Percent)
(Ann. rate,
percent)
1981
January
February
March
10.6
—
10.6
192,6
July
,
August
September . . ,
196.9
October
November . .
December
0.7
0.8
0.8
9.9
9.6
9.1
268.9
270.3
272.0
0.4
0.5
0.6
6.9
4.7
3.8
8.1
266.8
269.0
271.3
0.4
0.9
0.8
10.0
10.1
10.6
272.3
272.4
272.9
0.1
0.0
0.2
4.8
4.9
4.5
9.2
274.4
276.5
279.3
1.1
0.8
1.0
10.5
9.6
8.8
275.3
276.9
278.0
0.9
0.6
0.4
4.8
4.8
4.8
7.2
279.9
280.7
281.5
0.4
0.5
0.4
6.9
5.3
3.1
278.7
278.9
279.4
0.3
0.1
0.2
4.4
4.2
3.5
4.9
282.5
283.4
283.1
0.3
0.1
0.0
2.9
4.0
5.5
281.3
282.6
282.8
0.7
0.5
0.1
3.3
4.7
5.6
4.5
284.3
287.1
290.6
0.2
1.0
1.1
6.1
6.6
6.9
283.3
285.4
287.1
0.2
0.7
0.6
4.5
3.1
3.4
5.8
292.2
292.8
293.3
0.6
0.3
0.1
7.2
5.1
2.3
287.6
286.9
287.5
0.2
-0.2
0.2
3.4
2.0
0.7
3.8
294.1
293.6
292.4
0.4
0.0
-0.3
1.4
0.4
0.5
288.1
288.2
288.1
0.2
0.0
0.0
0.5
1.0
1.8
3.6
293.1
293.2
293.4
0.2
-0.2
0.1
0.8
1.9
2.9
288.3
288.3
290.1
0.1
0.0
0.6
2.2
2.8
2.2
r4.3
5.9
April
May
June
260.5
263.2
265.1
295.5
297.1
298.1
0.6
0.5
0.2
3.4
291.3
292.2
291.3
0.4
0.3
-0.3
1.9
299.3
0.4
291.0
-0.1
197.0
189.8
201.2
200.9
9.4
205.3
9.0
208.9
1982
January
February
March
203.4
April
May
June
206.2
July
August
September . . ,
208.0
October
November ., ,
December . . .
210.0
4.3
211.4
5.6
213.8
3.7
216,8
3.8
218.8
1983
January
February
March
April
May
June
July
August
September . . .
5.5
212.8
220.8
r3.5
r214.7
r222.8
October
November . . .
December . . .
See note on page 80.
Graphs of thew series are shown on pages 48 ami 49.
1
Changes are centered within the spans: 1-month changes are placed on the 2d month, 6-month changes are placed on the 4th month, and
1-quarter changes are placed on the 1st month of the 2d quarter.
AUGUST 1983
BCII
OTHER IMPORTANT ECONOMIC MEASURES
B
I
PRICES, WAGES, AND PRODUCTIVITY—Continued
Q
Producer ririces, industrial commodities
.
Producer prices, all commodities
Year
and
month
330. Index ©
(1967 = 100)
330c. Change
over 1-month
spans' ®
(Percent)
PRICE MOVEMENTS-Continued
330c. Change
over 6-month
spans * ©
(Ann. rate,
percent)
335. Index ©
(1967-100)
335c. Change
over 1-month
spans* ®
(Percent)
Producer prices, crude materials
335c. Change
over 6-month
spans] ©
(Ann. rate,
percent)
331. Index
331c. Change
over 1-month
spans'
(1967 = 100)
(Percent)
331c. Change
over 6-month
spans'
(Ann. rate,
percent)
1981
10.2
291.5
295.7
299.6
1.7
1.4
1.3
15.6
13.3
330.0
332.6
330.6
0.8
-0.6
5.0
1.9
5.1
0.2
0.2
8.2
6.2
3.8
303.5
304.7
305.1
1.3
0.4
0.1
10.3
7.9
5,3
333.6
332.4
335.5
0.9
-0.4
0.9
0.2
-1.9
296.2
296.4
295.7
0.5
0.1
-0.2
1.8
1.0
0.7
306.2
307.2
307.4
0.4
0.3
0.1
3.7
3.0
3.2
336.1
333.0
327.4
0.2
-0.9
-1.7
-6.5
-8.4
-11.8
296.1
295.5
295.8
0.1
-0.2
0.1
1.4
1.5
1.6
309.0
309.3
310.0
0.5
0.1
0.2
3.7
2.9
2.4
322,5
318.1
315.1
-1.5
-1.4
-0.9
-9.2
-8.9
-6.3
January
February
March
298.3
298.6
298.0
0.8
0.1
-0.2
1.3
2.1
2.4
311.8
311.6
311.0
0.6
-0.1
-0.2
0.6
0.2
0.4
320.2
317.9
317.0
1.6
-0.7
-0.3
-1.1
5.3
6.9
April
May
June
298.0
298.6
299.3
0.0
0.2
0.2
1.4
1.1
0.9
309.9
309.6
310.6
-0.4
-0.1
320.8
326.4
325.8
1.2
1.7
1.2
0.8
0.3
0.6
1.0
1.1
-0.2
-1.0
300.4
300.2
299.3
0.4
-0.1
-0.3
1.2
1.1
0.9
312.8
313.2
312.7
0.7
0.1
-0.2
2.9
3.5
3.0
322.1
319.1
315.4
-1.1
-0.9
-1.2
-4.0
-5.5
-5.6
299.8
300.3
300.7
0.2
-0.3
0.5
314.3
315.0
315.2
0.5
0.2
0.1
0.2
0.1
07
0.4
r0.5
314.3
317.3
316.6
-0.3
1.0
-0.2
-3.9
-1.4
r2.2
299.9*
300.9
r300.6
-0.3
0.3
-0.1
0.7
313.9
313.9
r313.5
-0.4
0.0
r-0 1
-1.1
-0.8
0 1
315.8
316.8
-0.3
0.3
rO 7
6.2
4.2
44
April
May
June
300.8
301.7
302.5
0.1
0.3
0.3
2.2
312.6
313.8
315.4
-0.3
0.4
0.5
1.7
323.9
323.9
323.5
rl.6
0.0
-0.1
2.5
July
August
September
303.2
0.2
316.6
0.4
319,7
-1.2
January
February
March
284.8
287.6
290.3
1.4
1.0
0.9
11.5
11.0
April
May
June
293.4
294.1
294.8
1.1
July
August
September
October
November
December
....
15.8
0.9
3.7
1982
..
July
August
September
. ..
October
November
December
r0.9
1983
January
February
March . .
0.9
1 2
r oio
q
October
November
December
See note on page 80.
Graphs of these series are shown on page 48.
Changes are centered within the spans:
1
ItCII
AUGUST 1983
1-month changes are placed on the 2d month and 6-month changes are placed on the 4th month.
85
OTHER IMPORTANT ECONOMIC MEASURES
B I PRICES, WAGES, AND PRODUCTIVITY-Continued
PRICE MOVEMENTS-Continued
Year
and
month
332. Index
(1967-100)
332c. Change
over 6-month
spans l
332c. Change
over 1-month
spans'
Producer prices, finished consumer goods
Producer prices, capital equipment
Producer prices, intermediate materials
333. Index
333c. Change
over 1-month
spans'
333c. Change
over 6-month
spans'
(Ann. rate,
percent)
334, Index
334c. Change
over 1-month
spans l
334c. Change
over 6-month
spans'
(Ann. rate,
percent)
(Ann. rate,
percent)
(Percent)
(1967 = 100)
11.
10.
9.
253.5
256.1
258.1
1.1
1.0
0.8
10.1
10.5
11.0
262.2
264.8
267.7
0.9
1.0
1.1
10.7
9.7
9.6
7.3
7.7
5.9
260.2
262.3
264.1
0.8
0.8
0.7
9.8
8.8
8.1
270.3
270.8
272.1
1.0
0.2
0.5
8.2
6.2
4.9
265.
267.
268,
0.6
0.6
0.5
7.9
7.8
7.3
272.8
272.9
274.2
0.3
0.0
0.5
3.7
3.8
3.6
275.3
275.9
277.0
0.4
0.2
0.4
3.8
4.0
2.1
(Percent)
(1967-100)
(Percent)
19iU
January
February
March
297.0
298.3
301.1
1.2
0.4
0.9
April
May
June
304.2
305.6
307.0
1.0
0.5
0.5
July
August
September . , ,
307.6
309.6
309.9
4.1
3.4
2.6
October
November . . .
December . , .
310.3
310.7
311.0
0.1
2.8
0.9
-0.2
270.3
272.3
273.6
0.5
7.1
5.6
5.7
January
February
March
311.9
311.0
309.6
0.3
-0.3
-0.5
-1.2
-1.3
-0.8
274.9
274.5
276.0
0.5
-0.1
0.5
4.6
4.1
4.4
278.0
278.3
277.0
0.4
0.1
-0.5
1.5
0.7
2.2
April
May
June
308.
308,
309,
-0.4
0.1
0.3
-1.0
-0.4
0.8
276.5
277.8
279.5
0.2
0.5
0.6
4.1
5.8
4.3
277,
276.
280.0
0.1
-0.1
1.1
2.5
3.1
4.4
July
August
September . . .
310.3
310.3
310.8
0.2
0.0
0.2
1.6
2.0
1.4
280.5
282.3
281.9
0.4
0.6
-0.1
4.0
3.9
3.5
281
282
283.0
0.5
0.4
0.1
5.2
6.8
5.1
October
November . . .
December . . .
310.9
311.7
311.8
0.0
0.3
0.0
-0.1
-0.3
r-1.4
282.0
283.1
284.4
0.0
0.4
0.5
2.4
1.9
r2.8
284.4
286.2
287.0
0.5
0.6
0.3
1.1
0.6
r-0.6
310.1
309.8
r308.6
-0.5
-0.1
r-0.4
-2.1
-1.8
-0.3
283.9
285.0
r285.8
-0.2
0.4
rO.3
2.8
2.5
2.0
283.1
283.4
r282.2
-1.4
0.1
r-0.4
-1.7
-2.3
-1.8
April
May
June
307.6
308.9
311.4
r-0.3
0.4
0.8
1.4
285.9
286.6
287.3
rO.O
0.2
0.2
2.7
282.0
282.
284,
r-0.1
0.3
0.5
1.1
July
August
September . . .
312.2
0.3
287.7
0.1
284.6
0.1
1982
1983
January
February
March
October
November . . .
December . . .
See note on page 80.
Graphs of these series arc shown on page 48.
Changes are centered within the spans:
x
86
1-month changes are placed on the 2d month and 6-month changes are placed on the 4th month.
AUGUST 1983
OTHER IMPORTANT ECONOMIC MEASURES
B
I
PRICES, WAGES, AND PRODUCTIVITY—Continued
WAGES AND PRODUCTIVITY
Average hourly compensation, all employees,
nonfarm business sector
Average hourly earnings, production workers, private nonfarm economy, adjusted1
Year
and
month
340. Index
340c. Change
over 1-month
spans2
Current-dollar compensation
Real earnings
Current-dollar earnings
340c. Change
over 6-month
spans2
341. index
341c. Change
over 1-month
spans2
341c. Change
over 6-month
spans2
(Percent)
(Ann. rate,
percent)
(1977 = 100)
(Percent)
(Ann. rate,
percent)
1981
January
February
March
133.8
135.0
135.8
1.0
0.9
0.6
9.4
8.6
8.8
92,
93.
93,
April
May
June
136.
137,
138,
0.7
0.6
0.5
7.9
8.2
8.5
July
August
September . . .
139.0
140.
141.
0.5
1.0
0.7
October
November . . .
December . . .
141.9
143.0
143.3
January
February
March
345c. Change
over 4-quarter
spans2
(1977 = 100)
(Ann. rate,
percent)
(Ann. rate,
percent)
Revised3
(1977-100)
345c. Change
over 1-quarter
spans2
Revised9
Revised3
345. Index
0.2
0.1
0.0
-0.4
-0.7
0.1
139.0
93.
92,
92.7
0.1
-0.3
-0.2
-1.7
-1.5
-2.0
141.4
7.7
8.1
7.5
92.1
92.3
92.0
-0.7
0.2
-0.3
2.4
1.1
-1 0
144.7
0.3
0,8
0.3
8.7
6.8
6.0
92.0
92.4
92.2
-0.1
0.4
-0.1
2.1
1.8
3.3
147.4
144.9
145.1
145.5
1.1
0.1
0.3
6.5
6.4
6.6
93.1
93.1
93.5
0.9
0.1
0.4
3.9
2.5
1.3
151.0
April
May
June
146.4
147.5
148.0
0.6
0.7
0.4
5.4
6.3
6.3
93.8
93.5
92.8
0.3
-0.3
-0.7
-0.7
-0.3
-0.9
153.1
July
August
September . . ,
148.8
149.6
150.0
0.5
0.5
0.3
5.9
4.9
5.4
92.8
93.0
93.1
-0.1
0.2
0.2
-1.5
-0.2
2.8
155.7
October
November . . .
December . . ,
150.
151.
151.9
0.4
0.3
0.6
5.4
5.1
4.6
93.1
93.4
94.1
-0.1
0.4
0.8
4.2
5.1
4.1
157.9
January
February
March
152.7
153.4
153.4
0.5
0.4
0.0
4.5
4.7
3.8
94.7
95.3
95.0
0.6
0.7
-0.3
3.8
2.8
1.3
160.6
April
May
June
154.0
154.6
154.8
0.4
0.4
0.1
p3.2
94.8
94.7
94.7
-0.2
-0.1
0.0
p-0.2
P155.2
p0.2
p94.6
p-0.1
11.5
9.6
7.1
9.0
9.8
8.7
7.7
8.3
1982
10.0
7.6
5.7
7.1
7.1
6.3
5.8
p6.0
1983
July
August
September . . .
6.8
p4.3
pl62.3
October
November . . ,
December . . .
See note on page 80.
Graphs of these series are shown on pages 49 and 50.
1
Adjusted for overtime (in manufacturing only) and interindustry employment shifts.
Changes are centered within the spans: 1-month changes are placed on the 2d month, 6-month changes are placed on the 4th month, 1-quarter changes are placed on the 1st month of the 2d quarter, and 4-quarter changes are placed on the middle month of the 3d quarter.
3
See "New Features and Changes for This Issue," page iii.
2
AUGUST 1983
87
OTHER IMPORTANT ECONOMIC MEASURES
PRICES, WAGES, AND PRODUCTIVITY-Continued
WAGES AND PRODUCTIVITY-Continued
Negotiated wage and benefit
decisions, all industries ©
Average hourly compensation, all employees,
nonfarm business sector-Continued
Year
and
Donth
346. Index
346c. Change
over 4-quarter
spans !
(1977 = 100)
1981
346c. Change
over 1-quarter
spans'
(Ann. rate,
percent)
(Ann. rate,
percent)
Revised*
Revised 2
0.9
-1.9
(1977 = 100)
(Ann. rate,
percent)
(Ann. rate,
percent)
(1977 = 100)
Revised2
Revised 2
Revised2
5.9
7.2
1.0
0.4
3.4
1.4
100.1
2.1
100.1
0.6
101,1
-0.4
99.9
100.0
0.7
99.9
1.3
100.4
p2.8
100.8
2.2
10.8
8.1
4.7
102I3
11.0
October, .
November
December
370c. Change
over 4-quarter
spans'
-1.1
-0.5
10.5
95*. 1
370c. Change
over 1-quarter
spans'
370. Index
100^5
11.6
April .
May ,
June .
(Ann. rate,
percent)
-1.2
-1.2
95^8
July
August . .
September .
349. Average
changes over
life of
contract
Revised 2
(Ann. rate,
percent)
7.7
January
February
March
358. Index of
output per hour
all persons,
nonfarm
business sector
Revised2
348. First year
average changes
Real compensation
Output per hour, all persons, private
business sector
5.8
-4.1
101. 2
1982
1.9
6.8
January
February . . .
March
96^7
April .
May .
June .
96.8
July . . . .
August . .
September
96.7
October
November , ..
December . ..
97^6
-0.4
1.2
1.7
2.6
0.4
2.1
2.5
-0.7
6.2
4.7
2.6
3.7
-1.6
100^7
3.3
p2.5
loi.i
4.8
1.7
3.3
101! 9
1983
January ,
February
March . .
7.2
r-1.7
99^3
April
May . , . .
June
pO.l
p4.7
rl.5
p3.9
2.0
101.7
102! 5
p4.1
P102.8
July
August . . .
September .
October..,
November .
December .
See note on page 80.
Graphs of these series am shown on pifes 49 and 50.
'Changes are centered within the spans: 1-quarter changes are placed on the 1st month of the 2d quarter and 4-quarter changes are placed
on the middle month of the 3d quarter.
•
*
*
5
1
See "New Features and Changes for This Issue/' page iii.
AUGUST 1983
BCII
OTHER IMPORTANT ECONOMIC MEASURES
C I
LABOR FORCE, EMPLOYMENT, AND UNEMPLOYMENT
D| CIVILIAN LABOR FORCE AND MAJOR COMPONENTS
Civilian labor force
Year
and
month
441. Total
442. Employed
Labor force participation rates
Number unemployed
451. Males
20 years
and over
452. Females
20 years
and over
453. Both
sexes, 16-19
years of age
(Percent)
(Percent)
(Percent)
444. Males
20 years
and over
445. Females
20 years
and over
446. Both
sexes, 16-19
years of age
(Thous.)
(Thous.)
(Thous.)
(Thous.)
37. Total
447. Fulltime
workers
(Thous.)
448, Number employed
part-time
for economic
reasons
(Thous.)
(Thous.)
(Thous.)
January
February
March
108,012
108,175
108,471
99,964
100,143
100,504
79.1
79.1
79.2
51.8
51.9
52.0
56.6
56.5
56.3
8,048
8,032
7,967
3,479
3,500
3,439
2,809
2,766
2,765
1,760
1,766
1,763
6,620
6,602
6,541
4,467
4,182
4,222
April
May
June
108,866
109,101
108,440
101,006
100,968
100,393
79.3
79.4
78.9
52.2
52.4
52.2
56.9
56.2
54.4
7,860
8,133
8,047
3,353
3,540
3,492
2,760
2,846
2,830
1,747
1,747
1,725
6,429
6,617
6,581
4,149
4,242
4,088
July
August
September
108,602
108,762
108,375
100,748
100,709
100,104
78.9
78.9
78.7
52.2
52.1
51.7
54.5
55.2
54.9
7,854
8,053
8,271
3,343
3,513
3,559
2,867
2,849
2,953
1,644
1,691
1,759
6,428
6,473
6,762
4,432
4,448
4,612
October
November
December
109,028
109,254
109,066
100,355
100,229
99,677
78.7
78.7
78.8
52.3
52.4
52.2
54.9
55.0
53.9
8,673
9,025
9,389
3,815
4,026
4,367
3,043
3,105
3,174
1,815
1,894
1,848
7,137
7,442
7,990
4,948
5,005
5,325
January
February
March
109,034
109,364
109,478
99,688
99,695
99,597
78.6
78.7
78.6
52.2
52.3
52.5
54.2
54.5
53.8
9,346
9,669
9,881
4,362
4,451
4,607
3,109
3,286
3,402
1,875
1,932
1,872
7,822
8,000
8,346
5,066
5,489
5,611
April
May
June
109,740
110,378
110,147
99,484
99,994
99,681
78.7
78.9
78.8
52.5
52.8
52.9
54.2
55.2
53.0
10,256
10,384
10,466
4,770
4,818
5,016
3,528
3,568
3,565
1,958
1,998
1,885
8,575
8,689
8,878
5,750
5,731
5,561
July
August
September
110,416
110,614
110,858
99,588
99,683
99,543
78.8
78.7
79.0
53.0
53.0
52.9
53.2
54.2
54.3
10,828
10,931
11,315
5,150
5,232
5,578
3,672
3,671
3,710
2,006
2,028
2,027
9,036
9,209
9,622
5,577
5,820
6,495
October
November
December
110,752
111,042
111,129'
99,176
99,136
99,093
78.9
78.9
78.7
52.8
52.9
53.1
54.1
54.4
53.9
11,576
11,906
12,036
5,714
5,865
5,909
3,824
3,989
4,071
2,038
2,052
2,056
9,942
10,127
10,285
6,403
6,411
6,425
January
February ,
March
110,548
110,553
110,484
99,103
99,063
99,103
78.1
78.2
78.1
52.9
52.9
52.8
53.5
52.7
52.8
11,446
11,490
11,381
5,597
5,749
5,581
3,963
3,925
3,889
1,886
1,815
1,911
9,810
9,872
9,751
6,845
6,481
6,202
April
May
June
110,786
110,749
111,932
99,458
99,557
100,786
78.3
78.3
78.6
52.8
52.7
53.1
52.6
52.2
55.4
11,328
11,192
11,146
5,702
5,605
5,288
3,729
3,744
3,859
1,897
1,843.
1,999
9,702
9,438
9,294
6,082
5,928
5,729
July
August
September
111,875
101,285
78.8
53.1
53.6
10,590
5,208
3,521
1,860
8,949
5,636
1981
1982
1983
October
November
December
See note on page 80.
Graphs of these series are shown on page 51.
AUGUST 1983
OTHER IMPORTANT ECONOMIC MEASURES
GOVERNMENT ACTIVITIES
DEFENSE INDICATORS
RECEIPTS AND EXPENDITURES
State and local governments l
Federal Government l
Year
and
month
Advance measures of defense activity
500. Surplus
or deficit
501. Receipts
502. Expenditures
510. Surplus
or deficit
511. Receipts
512. Expenditures
(Ann. rate,
bil. dol.)
(Ann. rate,
bil. dol.)
(Ann. rate,
bil. dol.)
(Ann. rate,
bil. dol.)
(Ann. rate,
bil. dol.)
(Ann. rate,
bil. dol.)
517. Defense
Department
gross obligations incurred
525. Defense
Department
military prime
contract
awards
543. Defense
Department
gross unpaid
obligations
outstanding
548. Value of
manufacturers'
new orders,
defense
products
(Mil. dol.)
(Mil. dol.)
(Mil. dol.)
(Mil, dol.)
1981
January
February
March
-43.4
617.4
660.8
35.3
411.3
376.0
14,808
15,741
15,560
7,155
7,514
7,590
82,087
83,608
84,883
4,480
5,060
3,785
April.
May .
June.
-47.3
622.6
669.9
36.7
415.9
379.2
15,210
15,699
15,156
8,505
7,967
7,041
84,994
85,165
86,126
4,041
5,170
5,057
July . . . .
August . .
September
-62.4
638.8
701.2
37.3
421.6
384.3
16,836
17,374
16,584
8,845
9,504
9,325
87,968
89,857
91,896
5,317
5,440
5,435
October
November . . ,
December . , .
-95.8
629.2
725.0
32.0
423.4
391.4
12,892
15,674
19,805
4,466
9,817
9,049
91,354
92,575
93,827
4,711
5,269
5,244
January ,
February
March . .
-108.5
619.5
728.0
28.8
425.9
397.2
19,361
20,608
18,869
9,756
13,761
9,870
98,818
102,677
105,418
7,151
6,922
6,688
April.
May .
June .
-113.2
622.2
735.4
32.0
436.8
404.8
20,793
17,786
17,503
10,518
9,657
14,296
108,428
108,841
109,654
6,204
5,013
5,994
July . . . .
August . .
September
-158.3
615.2
773.5
31.3
442.8
411.4
17,669
16,448
18,387
8,610
8,928
10,296
110,885
110,787
111,857
5,195
5,656
3,638
October . .
November
December
-208.2
612.6
820.9
32.9
450.7
417.8
16,476
18,599
24,396
5,423
10,209
17,298
111,866
113,647
119,788
5,621
5,663
11,207
-183.3
623.3
806.6
40.4
461.7
421.3
21,340
19,502
20,444
16,908
13,042
7,351
122,628
123,803
125,570
9,568
5,319
6,569
p-163.7
P652.0
r815.7
p51.8
P478.5
r426.7
19,332
19,554
p21,518
10,132
10,111
plO,814
126,165
126,532
pl29,720
7,079
4,782
r7,939
(NA)
(NA)
(NA)
p6,786
1982
1983
January .
February
March . .
April .
May .
June .
July
August
September . . .
October
November . . .
December . , ,
See note on page 80.
Graphs of these series aro shown on pages 52 and S3.
1
Based on national income and product accounts.
AUGUST 1983
ICO
OTHER IMPORTANT ECONOMIC MEASURES
GOVERNMENT ACTIVITIES—Continued
DEFENSE INOfCATORS-Continued
National defense
purchases
Intermediate and final measures of defense activity
Year
and
month
557. Output of
defense and
space equipment
559. Manufacturers' inventories, defense
products
561. Manufacturers' unfilled
orders, defense
products
580. Oefense
Department
net outlays
(1967 = 100)
(Mil. dot.)
(Mil. dol.)
(Mil. dol.)
588. Manufacturers' shipments, defense
products
570. Employment in defense products
industries
(Mil. dol.)
(Thous.)
Oefense Department
personnel
577. Military,
active duty ©
578. Civilian,
direct hire
employment ©
(Thous.)
(Thous.)
564. Federal
purchases of
goods and
services
565. Federal
purchases as
a percent of
GNP
(Ann. rate,
bit. dot.)
(Percent)
1981
January
February
March
100.9
100.5
100.7
11,113
11,318
11,547
67,999
69,269
69,109
12,639
12,932
12,619
3,613
3,790
3,945
1,391
1,388
1,390
2,056
2,061
2,062
973
972
974
143.3
5.0
April
May
June
101.5
102.0
101.7
11,823
11,959
12,352
69,265
70,594
71,692
12,833
13,433
13,264
3,885
3,841
3,959
1,393
1,393
1,395
2,060
2,064
2,070
980
990
1,008
151.2
5.2
July
August
September . . .
102.6
102.8
103.0
12,417
12,457
12,747
72,912
74,129
75,490
13,889
13,809
14,014
4,097
4,223
4,074
1,394
1,397
1,397
2,082
2,084
2,083
1,023
1,017
984
154.9
5.2
October
November . . .
December . . .
104,
105.
107.0
12,857
13,227
13,386
76,042
77,133
78,076
14,277
14,548
15,298
4,159
4,178
4,301
1,392
1,385
1,390
2,090
2,097
2,093
998
1,006
1,009
166.7
5.5
January
February
March
105
106
107.0
13,676
13,864
14,059
81,144
83,719
85,990
14,152
14,689
15,075
4,083
4,347
4,417
1,386
1,380
1,377
2,104
2,109
2,107
1,008
1,013
1,018
168.1
5.6
April
May
June
107
107
87,917
88,258
89,371
15,670
15,379
15,334
4,277
4,672
4,881
1,376
1,372
1,371
106
104
108
1,022
1,028
1,045
175.2
5.7
107.6
14,209
14,276
14,431
July
August
September . . .
109.5
109.5
109.5
14,437
14,700
15,039
89,708
90,598
89,255
16,312
15,050
16,881
4,858
4,766
4,981
1,372
1,364
1,366
110
109
2,109
1,051
1,043
990
183.6
5.9
October
November . . .
December . . .
111.9
113.6
115.9
15,334
15,568
15,983
89,866
90,561
96,691
15,972
17,087
16,779
5,010
4,968
5,077
1,363
1,363
1,359
2,108
2,114
2,113
1,016
1,024
1,027
190.8
6.1
116.4
116.1
117.0.
16,538
16,501
16,824
101,116101,179
102,632
17,058
16,772
16,804
5,143
5,255
5,116
1,355
1,358
1,355
2,120
2,122
2,127
1,024
1,028
1,030
194.4
6.1
rl99.9
r6.1
1982
1983
January
February
March
April
May
June
118.2
rll8.6
rll9.5
16,850
17,240
17,311
104,440
104,046
r106,648
17,529
16,854
rl7,189
5,271
5,176
r5,337
1,358
r1,362
pi,366
2,123
2,120
2,116
1,029
1,040
1,049
July
August
September . . ,
P120.5
(NA)
plO7,832
(NA)
p5,601
(NA)
p2,113
1,053
October . .
November
December
See note on page 80.
Graphs of these series are shown on pages 54 and 55.
AUGUST 1983
91
OTHER IMPORTANT ECONOMIC MEASURES
E l I U.S. INTERNATIONAL TRANSACTIONS
MERCHANDISE TRADE
Ytar
and
month
602. Exports, excluding
military aid shipments,
total
604. Exports of agricultural products
(Mil. dot.)
(Mil. dot.)
606. Exports of nonelectrical machinery
(Mil. dol.)
612. General imports,
total
(Mil. dol.)
614. Imports of
petroleum and
petroleum products
(Mil. dol.)
616. Imports of
automobiles and parts
(Mil dol.)
January
February
March
18,902
19,788
21,278
4,295
3,977
4,201
4,058
4,155
4,352
22,616
21,916
21,029
7,359
8,018
5,992
2,264
1,742
2,125
April
May
June
19,786
18,899
19,750
3,604
3,708
3,256
4,311
4,160
4,388
22,249
21,232
22,005
6,919
6,329
6,521
2,042
2,299
2,257
July
August
September . . .
19,289
19,031
19,551
3,089
3,202
3,563
4,567
6,207
4,559
20,114
23,242
21,274
5,400
6,335
5,709
2,108
2,635
1,943
October
November . , .
Oecember . . .
19,163
19,153
18,885
3,735
3,442
3,220
4,338
4,366
4,005
23,077
22,508
19,746
6,123
6,483
4,636
2,464
2,239
2,164
January
February
March
18,584
18,614
18,462
3,258
3,590
3,225
4,346
4,054
3,997
22,573
19,570
20,018
6,810
4,396
4,290
2,389
2,135
2,596
April
May
June
18,005
18,124
18,823
3,400
3,527
3,332
3,932
3,957
4,211
17,714
20,477
21,187
3,894
4,180
4,855
2,389
2,785
2,626
July
August
September . . .
18,060
17,463
17,320
2,789
2,763
2,648
4,305
3,856
4,197
19,849
22,930
20,581
5,624
5,731
4,903
2,455
2,795
2,370
October
November . . .
December . . .
16,671
15,852
16,347
2,681
2,783
2,637
3,829
3,686
3,719
21,006
18,892
19,154
5,433
4,757
4,694
2,444
2,130
2,189
January
February
March
17,393
16,326
16,752
3,128
2,985
2,811
3,644
3,359
3,499
20,021
19,015
19,525
4,166
2,859
3,261
2,329
3,019
2,676
April
May
June
16,074
15,566
17»008
2,891
2,715
2,977
3,513
3,433
3,265
19,771
21,514
21,024
3,252
5,284
4,203
2,746
3,001
2,851
(NA)
(NA)
1982
1983
July
August
September . . .
(NA)
(NA)
(NA)
(NA)
October
November . . .
December . . .
See note on page 80.
Graphs of these series are shown on pace 56.
92
AUGUST 1983
KCII
OTHER IMPORTANT ECONOMIC MEASURES
U.S. INTERNATIONAL TRANSACTIONS—Continued
GOODS AND SERVICES MOVEMENTS (EXCLUDING TRANSFERS UNDER MILITARY GRANTS)
Merchandise, adjusted l
Goods and services
Year
and
month
667. Balance
(Mil. dol.)
668. Exports
(Mil. dol.)
669. imports
(Mil. dol.)
622. Balance
(Mil. dol.)
618. Exports
(Mil. dol.)
Income on investments
620. Imports
(Mil. doi.)
651. U.S. investments abroad
(Mil. dot.)
652. Foreign
investments in
the United
States
(Mil. dol.)
1981
January
February
March
4,839
93,786
88,947
-4,482
60,793
65,275
20,683
12,477
2,309
94,534
92,225
-7,342
60,031
67,373
21,717
13,505
July
August
September . . .
1,801
93,082
91,281
-8,402
57,812
66,214
22,043
13,888
October
November . . ,
December . . ,
2,571
93,221
90,650
-7,841
58,383
66,224
21,801
12,892
January
February
March
2,625
89,761
87,136
-6,103
55,636
61,739
20,761
13,824
April . . .
May . . .
June . ..
3,236
90,790
87,554
-5,854
54,996
60,850
22,316
14,779
July
August
September . . .
-4,854
86,932
91,786
-13,078
52,241
65,319
21,569
14,748
October
November . , .
December . . .
-4,190
80,840
85,030
-11,354
48,344
59,698
19,499
13,491
p-1,482
P81.171
p82,653
p-8,738
p49,563
p58,301
pl7,814
P12.579
(NA)
(NA)
(NA)
p-14,840
p49,029
p63,869
(NA)
(NA)
April
May
June
1982
1983
January . . .
February . .
March
April .
May .
June .
July
August . . .
September .
October . .
November
December
See note on page 80.
Graphs of these series are shown on pace 57.
1
Balance of payments basis: Excludes transfers under military grants and Department of Defense sales contracts (exports) and Department
of Defense purchases (imports)..
AUGUST 1983
93
OTHER IMPORTANT ECONOMIC MEASURES
INTERNATIONAL COMPARISONS
INDUSTRIAL PRODUCTION
721. OECD»
European countries, index of
industrial
production
728. Japan,
index of industrial production
725. West
Germany, index
of industrial
production
726. France,
index of industrial production
722. United
Kingdom, index
of industrial
production
(1967-100)
(1967-100)
(1967 = 100)
(1967 = 100)
(1967=100)
(1967-100)
January
February
March
151.4
151.8
152.1
154
159
158
226.9
225.8
226.3
156
164
160
156
159
157
April
May , . . . , . .
June
151.9
152.7
152.9
156
156
155
226.6
223.3
228.3
160
160
156
July
August
September . .
153.9
153.6
151.6
158
152
158
230.7
229.6
233.1
October
November , . .
December . . .
149.1
146.3
143.4
158
158
156
January
February
March
140.7
142.9
141.7
April
May
June . . . . . . .
Year
and
month
47. United States,
index of industrial production
727. Italy, index
of industrial
production
723. Canada,
index of industrial production
(1967-100)
(1967-100)
116
117
117
158.6
170.3
169.3
163.8
166.0
168.0
156
159
160
117
116
118
168.4
158.0
159.8
169.7
170.2
172.7
157
157
160
157
157
160
118
118
118
165.2
137.2
164.1
170.4
164.5
163.8
234.5
234.5
233.9
160
157
156
160
159
160
121
120
118
158.4
168.1
160.4
161.3
158.4
157.2
156
158
158
232.6
231.2
233.2
160
161
161
157
156
156
118
118
120
161.9
169.8
165.7
156.2
154.7
152.5
140,2
139.2
138.7
156
156
154
230.2
228.1
231.2
160
157
154
157
157
157
120
120
118
164.7
162.7
154.9
150.5
151.8
148.0
July
August
September . . .
138.0
138.4
137.3
152
151
152
229.9
230.9
231.7
150
153
152
154
154
154
118
120
120
159.6
146.4
154.1
143,
149,
144,
October
November . . ,
December . . .
135.7
134.9
135.2
151
151
150
225,
230.
228.4
150
150
149
156
156
154
120
117
120
149.7
155.5
151.8
140.0
141.0
138.9
137.4
138.1
140.0
154
154
154
229.4
228.3
233.4
152
152
154
156
156
156
120
122
rl21
152.0
155.3
152.5
146.4
149.6
148.3
April
May
June .
rl42.6
rl44.4
rl46.0
rl52
pi 54
(NA)
232.6
233.2
(NA)
153
rl54
(NA)
156
pl59
(NA)
121
pl22
(NA)
rl45.2
P148.5
(NA)
150.8
pl53.1
(NA)
July
August
September . . .
P148.6
1981
1982
1983
January
February
March
October
November . . .
December . . .
See note on page 80.
Graphs of these series a n shown on paje 58.
'Organization for Economic Cooperation and Development.
94
AUGUST 1983
OTHER IMPORTANT ECONOMIC MEASURES
INTERNATIONAL COMPARISONS-Continued
Q
Year
and
month
320. Index ©
(1967 = 100)
West Germany
Japan
United States
320c. Change
over 6-month
spansl
(Ann. rate,
percent)
738. Index ©
(1967 = 100)
CONSUMER PRICES
738c. Change
over 6-month
spans:
(Ann. rate,
percent)
735. Index ®
France
735c. Change
over 6-month
spansl
736. Index ®
United Kingdom
736c. Change
over 6-month
spans'
(Ann. rate,
percent)
732. Index ®
732c. Change
over 6-month
spans !
(Ann. rate,
percent)
(1967-100)
(Ann. rate,
percent)
6.6
6.2
5.7
312.7
315.6
318.8
13.2
13.0
13.0
445.5
13.0
449.5
456.2
12.1
11,6
(1967-100)
(1967 = 100)
1981
January .
February
March
260.5
263.2
265.1
9.9
9.6
9.1
290.8
292.2
3.8
180.9
182.3
183.5
April
May
June
266.8
269.0
271.3
10.0
10.1
10.6
294.5
297.0
297.3
2.6
2.9
3.2
184.7
185.4
186.3
6.3
6.7
6.9
323.1
326.0
329.2
13.8
14.3
15.3
469.4
472.4
475.2
12.5
12.1
10.7
July
August
September
274.4
276.5
279.3
10.5
9.6
8.8
296.4
294.7
299.5
3.9
4.1
4.2
187.1
187.7
188.6
6.9
7.1
6.9
334.9
339,0
342.9
14.9
15.7
15.1
477.3
480.8
483.5
10.4
11.8
12.5
October
November
December
279.9
280.7
281.5
6.9
5.3
3.1
300.7
299.8
299.8
4.0
3.3
2.4
189.2
190.1
190.7
6.3
4.8
3.5
347.1
350.3
352.4
13.9
13.6
13.0
487.9
493.0
496.1
11.5
9.9
10.0
January
February
March
282.5
283.4
283.1
2.9
4.0
5.5
300.7
299.8
300.4
1.9
0.5
0.1
192.3
192.8
193.1
3.0
3.5
4.9
356.0
359.6
363.8
13.0
12.0
12.0
499.0
499.1
503.5
8.4
7.3
6.0
April
May
June
284.3
287.1
290.6
6.1
6.6
6.9
302.9
303.8
303.8
-0.5
2.9
4.0
194.0
195.2
197.1
4.9
5.4
6.3
368.2
371.1
373.7
9.9
8.2
7.2
513.6
517.3
518.9
6.0
6.0
4.7
July
August
September . .
292.2
292.8
293.3
7.2
5.1
2.3
301.5
303.8
309.1
4.4
4.1
3.7
197.6
197.3
197.9
6.8
5.9
4.0
374.7
375.9
377.5
5.8
6.9
7.3
518.9
519.0
518.7
5.3
5.3
4.2
October
November
December
294.1
293.6
292.4
1.4
0.4
0.5
310.0
306.6
306.0
4.0
0.7
0.9
198.5
198.9
199.4
2.7
2.3
0.9
379.5
383.2
386.4
9.5
10.3
10.8
521.3
523.9
522.9
4,0
5.6
4.6
January
February
March
293.1
293.2
293 4
0.8
1.9
2 9
306.6
305.5
307 5
-0.3
1.7
0 5
199.8
200.0
199 8
0.0
0.4
0 8
390.1
392.9
396.5
12.3
11.2
10.2
523.5
525.8
526.7
2.3
1.7
2.8
April
May
June .
295.5
297.1
298 1
3.4
308.6
312.0
309 7
(NA)
200.3
201.1
201 8
(NA)
401.8
404.5
406 9
(NA)
534.1
536.4
537.7
4.5
July
August
September
299.3
291.1
4.4
3.1
1982
1983
October
November
December .
(NA)
(NA)
(NA)
540.6
. .
See note on page 80.
Graphs of these series are shown on page 59.
Changes over 6-month spans are centered on the 4th month.
l
AUGUST 1983
9
5
OTHER IMPORTANT ECONOMIC MEASURES
F
I
INTERNATIONAL COMPARISONS—Continued
CONSUMER PRICES—Continued
STOCK PRICES
Italy
Vear
and
month
Canada
737. Index © 737c. Change
over 6-month
spans l
733. Index ® 733c-. Change
over 6-month
spans'
(1967-100)
(Ann. ratet
percent)
(1967-100)
(Ann. rate,
percent)
19. United
States, index
of stock
prices, 500
common
stocks ©
748. Japan,
index of
stock
prices ®
745. West
Germany,
index of
stock
prices <§)
746. France,
index of
stock
prices <§)
742. United
Kingdom,
index of
stock
prices ©
747. Italy,
index of
stock
prices (u)
743. Canada,
index of
stock
prices ®
(1967 = 100)
(1967 = 100)
(1967 = 100)
(1967 = 100)
(1967 = 100)
(1967=100)
(1967=100)
mi
January
February
March
440.7
449.1
455.4
20.1
20.1
19.3
259.1
261.7
265.2
13.1
12.2
13.2
144.6
139.7
144.9
457.9
458,
467,
115.3
114.0
116.3
191.1
201.1
209.4
259.0
269.0
273.2
110.0
122.1
125.9
223.7
218.6
233.9
April
May
June
461,
468,
473,
18.9
18.2
16.8
267.2
269.6
273.8
12.3
12.3
11.9
146,
143,
143,
494.6
502.8
515.2
122.7
122.1
126.1
197.7
162.5
152.3
293.2
295.6
289.0
132.4
135.9
123.5
232.3
245.7
242.9
July
August
September .. .
477.7
481,0
487.7
17.7
16.8
17.0
276,
278,
280,
12,
12,
11.0
140.5
141.0
128.7
534.4
540.7
511.3
127.5
122.5
122.5
168.9
177.4
176.5
284.8
298.6
278.9
99.1
112.0
99.1
232.3
231.6
192.3
October
November . .,
December . . .
497.5
506.0
511.1
15.8
15.3
15.6
283.0
285.4
286.7
10.
10,
11.2
130,
133
134.7
493.8
505.6
512.7
118.8
118.0
117.7
163.
169,
170.7
259.5
278.0
284.2
91.2
93.8
96.9
190.4
208.9
201.2
January
February
March
517.7
524.4
529.1
13.8
13.6
13.1
288.7
292.1
295.8
10.5
11.4
11.4
127
124
120,
518.9
516.9
486.2
116.8
118.4
120.1
185.7
193.1
145.9
291.1
300.1
298.8
95.0
98.8
104.2
185.3
176.7
173.1
April
May
June
533.9
539.8
545.2
15.9
19.0
18.7
297,
301,
304,
11.1
10.2
9.5
126.5
126.6
119.7
484.5
503.4
489.6
120.6
117.6
114.2
184.8
183,
166,
303,
315.
314.6
96.7
91.0
83.1
171.2
168.4
153.8
July
August
September ., .
553.4
563.4
571.3
20.6
19.8
19.1
306.1
307.6
309.2
9.4
8.2
7.2
119.0
119.3
133.2
480.8
474.3
481.6
113.5
112.3
115.6
161,
169,
168.4
313,
320,
343.5
78,
86.
85.8
156.8
177.4
177.3
October
November . . .
December , . .
582,
590,
594.4
16.7
13.7
14.4
311,
313,
313.4
5.7
4.7
5.0
144.3
150.2
151.6
490.4
512.7
528.2
118.2
118.8
124.3
170.7
174.5
169.9
360.7
372.0
365.0
86.4
88.8
91.2
192.6
189.7
199.5
January
February
March
602.7
610.5
616.0
12.9
13.2
13.1
312.5
313.9
317.1
3.8
2.8
3.8
156.9
159,
165,
533.3
530.8
544.2
126.0
131.9
143.9
181.8
188.
204.
371.9
381.6
388.3
95.5
109.1
118.7
210.0
216.6
219.5
April
May
June . . . . . . .
622.2
628.2
632.2
(NA)
317.1
317.9
321.5
(NA)
171
178
181
559.7
573.4
583.3
157.0
158.6
159.5
215.6
230.0
224.9
115.8
111.6
110.4
240.0
251.8
p252,7
July
August
September , . .
(NA)
181.6
pl77.2
598.7
P602.0
169.0
pl65.7
rp237.8
P247.6
rplll.2
P114.8
rp258.2
p253.6
1982
1983
(NA)
410.
403.
rp411.
rp414.5
p437.8
October
November . . ,
December .. .
See note on page 80.
Graphs of these series are .thown on pace 59.
*Changes over 6-monV.h spans are centered on the 4th month.
96
AUGUST 1983
KCII
C. Historical Data for Selected Series
Year
Mar.
Feb.
Jan.
Apr.
My
a
June
July
Aug.
5 1 . PERSONAL INCOME, LESS TRANSFER PAYMENTS , IN
{ANNUAL RATE, BILLIONS OF DOLLARS)
1949,.,
1950..
1951..
1952..
1953..
1954..
1955..
1956..
1957..
19S8..
1959..
I960..
1961..
1962..
1963..
1964..
1965..
1966..
1967.,
1968..
1969..
1970..
1971..
1972..
1973..
1974..
1975..
1976..
1977..
1978..
1979..
1980..
1981..
1982..
1983..
344.5
353.3
386.0
398.7
426.2
426.3
439.6
471.9
485.0
479.1
496.6
520.4
519.2
544.5
563.6
588.1
630.3
670.2
700.7
723.6
763,1
785.2
794.8
824.9
878.7
893.5
860.0
888.6
927.1
982.3
1038.9
1056.7
1061.3
1074.6
344.2
350.3
383.8
406.1
428.0
425.7
440.7
473.4
487.1
479.3
498.6
518.2
519.2
548.0
565.1
594.0
632.4
674.0
700.7
729.3
767.4
786.7
795.5
830.1
886.0
887.3
856.6
896.7
932.5
987.0
1040.3
1051.6
1065.0
1080.0
345.0
356.3
387.4
407.7
432.1
423.2
444.5
473.1
488.2
478.7
503.7
516.5
521.4
551.1
567.1
597.2
633.5
676,0
702.5
732.4
770.7
790,0
798.5
833,7
887.4
883.1
855.7
900.6
940.0
995.1
1046.8
1048.4
1069.1
1078.7
343.6
360.0
393.9
405.6
432.6
421.2
448.7
478.6
488.4
474.4
507.0
519.9
522.9
554.4
569.4
601.5
637.1
677.5
704.0
735.5
773.0
793.2
799.0
839.2
8B7.8
882.6
856.0
904.5
941.8
1004.7
1042.4
1041.1
1070,8
1079.3
344.1
364.8
394.1
410.5
434.8
423.3
453.4
476.8
487.2
476.1
509.4
522.5
525.8
555.0
571.7
604.9
642.9
680.9
705.1
740.5
774.6
793.2
801.4
841.6
889.1
885.8
863.2
907.6
948.4.
1002.6
1042.7
1035.6
1072.5
1084.3
341.0
366.5
398.0
412.4
435.4
423.6
455.6
478,3
489.6
479.3
510.5
522.3
529.8
556.7
574.5
607.7
646.4
685.4
707.5
745.3
777.0
792.1
799.5
831.6
891.8
888.4
865.4
906.0
952.5
1007.7
1044.4
1035.9
.10B1.1
1076.0
339.6
371.8
396.9
408.5
434.2
423.7
461.5
473.1
490.5
488.4
510.5
521.4
530.1
558.6
575.2
610.1
648.6
687.7
710,6
750.2
781.2
793.3
799.8
845.9
898.6
889.1
863.9
909.4
959.0
1016.3
1049.5
1033.5
1088.7
1072.2
Sept.
IQ
HQ
340.9
382.3
402.1
423,7
432.5
432.5
467.7
4S7.0
489.2
491.2
504.9
520.5
538.7
560.3
583.8
617.9
661.9
692.4
713.8
756.8
786.7
786.8
806.2
862.4
904.3
879.5
879.1
915.1
976.7
1029.3
1050.6
1044.1
1092.6
1065.6
343,6
385.1
402.1
421.9
432.8
435.7
470.0
487.0
487.1
497.7
510.0
517,5
544.2
562.4
583.8
622.7
666.7
695.1
719.3
759.8
785.0
785.8
808.9
869.4
906.8
871.0
882.0
922.8
979.3
1033.4
1053.3
1050.5
1087.6
1068.0
347.1
389.2
402.4
423.4
430.1
438.3
472.8
487.3
483.5
498.7
518.0
514.4
546.5
564.5
587.4
628.9
669.7
695.1
724.8
762.8
787.0
787.7
817.2
874.9
904.0
866.0
880.0
926.7
986.0
1044.4
1054.0
1056.4
1081.1
1072.2
344.6
353.3
385.7
404.2
428.8
425.1
441.6
472.8
486.8
479.0
499.6
518,4
519.9
547.9
565.3
593.1
632.1
673.4
701.3
728,4
767.1
787.3
796.3
829.6
884.0
888.0
857.4
895.3
933.2
988.1
1042.0
1052.2
1065.1
1077.8
342.9
363.8
395.3
409.5
434.3
422.7
452.6
477.9
488.4
476.6
509.0
521.6
526.2
555.4
571.9
604.7
642.1
681.3
705.5
740.4
774.9
792.8
800.0
837.5
889.6
885.6
861.5
906.0
947.6
1005.0
1043.2
1037.5
1074.8
1079.9
12.9
13.6
0.9
4.4
-5.0
12.2
-1.4
6.3
8.5
-4.4
12.0
11.7
5.1
3.1
6.6
2.0
15.6
10.4
13.0
-4.6
-0.3
0.0
10.4
7.6
8.0
6.0
1.8
2.1
6.0
.2
).8
0.4
9.8
-5.1
-0.7
5.5
-4.8
-2.1
3.0
2.0
4.6
6.9
5.9
2.4
11.7
-3.8
10.0
3.7
4.6
7.4
8,9
3.4
-0.6
6.3
3.3
4.1
7.1
6.5
3.8
4.7
1.2
0.5
-3.2
5.3
3.2
0.2
AVERAGE FOR PERIOD
342.4
378.8
401.6
418.2
431.4
427,6
461.8
479.7
491.5
487.0
504.9
520.6
532.7
559.2
577.3
615.3
651.2
688.7
714.1
752.9
784.9
794.7
603.5
853.1
893.9
884.0
871.6
912.3
960.9
1019.6
1050.8
1033.7
1098.3
1067.5
5.7
10.4
25.1
15.2
32.5
6.1
13.3
0.9
6.0
16.7
0.5
-2.9
2.2
-10.3
8.2
8.2
4.4
5.8
6.2
6.1
8.4
2.6
25.3
-0.5
-2.0
5.0
5.0
6.0
3.7
3,5
-1.7
-2.8
-13.4
4.4
10.6
2.3
-4.9
-8.0
1957..
1958..
1959..
I960..
1961..
1962..
1963..
1964..
1965..
1966..
-5.5
-10.4
-4.9
5.7
11.8
-4.3
-1.9
-5.0
0.0
8.0
3.2
13.0
-3.9
5.2
7.0
4.3
2.7
0.9
4.1
7.0
2.1
3.6
7.0
1968..
1969..
1970..
1971..
1972..
-2.0
0.5
-2,7
11.4
11.9
9.9
7,0
2.3
5.2
5.3
5.2
5.2
3.6
5.0
2.5
0.0
1.1
7.8
4.6
5.3
0.8
8.2
1974,.
1975.,
1976..
1977..
-13.1
-8.0
12.4
0.5
-8.0
-4.6
11.5
7.2
-5.5
-1.3
-0.7
0.4
10.1
1979..
1980..
-6.1
1.6
7.8
3.1
-5.6
-3.6
1982..
1983..
-7.0
6.2
-1.4
4.2
-3.6
6.2
1.8
17.2
0.6
15.5
-10.3
4.8
-4.8
13.2
22.1
-6.0
-6.8
10.9
-5.5
11.9
2.7
-1.5
-1.0
2.8
-9.7
-6.6
24.7
5.2
-1.7
3.0
22.6
11.9
5.3
0.5
4.9
5.7
12.5
Annual
Dec.
1972 DOLLARS'
-4.8
18.8
-3.3
-10.8
-16.7
23,7
-9.4
-10.5
8.2
-10.1
3.6
IV Q
Nov.
346.2
379.7
399.2
423.8
430.3
430.8
463.8
483.3
490.0
490.0
504.1
519,5
533.7
559.4
580.9
617.9
655.7
689.4
715.2
755.0
786.0
794.5
803.5
854.0
901.2
879.3
875.9
914.0
96B.7
1022.1
1050.0
1034.1
1098,4
1066.6
51C. CHANGE IN PERSONAL INCOME, LI,SS TRANSFER PAYMENTS , IN 1 9 7 2 DOLLARS, OVER 1-MONTH SPANS 1
(COMPOUND ANNUAL RATE, PERCENT)
1949...
1950..
1951..
1952..
1953.,
1954..
1955..
III Q
Oct.
14.2
-16.9
2.9
8.5
9.1
9.9
9,2
0.0
-5.0
342.7
376.8
399.2
416.6
432.0
427.4
462.4
478.7
490.7
488.5
506.5
520.5
532.2
559.1
577.8
614.4
651.fl
688.6
713.3
752.7
784.0
794.2
802.3
851.0
897.9
884.1
870.5
911,9
962.9
1019.3
1050.1
1033.8
1095.1
1068.8
343.9
385.5
402.2
423.0
431.8
435.5
470.2
487.1
486.6
495.9
511.0
517.5
543.1
562.4
585.0
623.2
666.1
694.2
719.3
759.8
786.2
786.8
810.8
868.9
905.0
872.2
680.4
921.5
980.7
1035.7
1052.6
1050.3
1087.1
1068.6
343.5
369.8
395.6
413.4
431.7
427.7
456.7
479.1
488.1
485.0
506.5
519.5
530.4
556.2
575.0
608.8
648.0
684.4
709.9
745.3
778.0
790.3
802.3
846.7
894.1
882.5
867.4
908.7
956.1
1012.0
1047.0
1043.5
1080.5
1073.8
AVERAGE FOR PERIOD
1.7
3.3
-0.2
12.6
3.8
-6.9
17.3
-0.3
0.8
5.3
10.6
6.1
7.4
5.8
2.5
-3.6
-1.9
7.6
-1.9
-2.5
3.0
1.9
2.3
-8.5
2.4
20.5
-7.0
0.8
-3.4
-12.4
-1.8
-5.0
17.1
12.8
-6.7
1.5
4.5
10.7
7.7
5.2
8.6
6.2
0.0
12.0
0.0
9.7
9.1
7.7
12.6
5.5
1.8
0,5
2.1
5.7
-0.3
-11.0
0.0
1.3
12.5
1.6
5.7
8.3
7.1
10.7
2.9
13.0
7.9
2.1
22.7
-1.5
4.1
10.2
-0.6
11,6
10.2
3.6
3.1
0.9
-2.1
-6.7
11.2
-6.2
6.1
0.3
-11.0
-6.7
-8,9
2.4
-4.0
-5.8
1.9
8.7
5.3
8.5
2.4
10.2
10.4
3.2
8.5
5.9
5.4
7.0
7.4
-4.1
1.8
5.4
6.4
0.3
6.0
0.7
12.2
0.8
7.0
-2.0
-0.9
-4.6
2.2
0.5
3.1
7.6
1.1
-2.7
1.5
0.2
-0.9
-6.2
2,0
0.3
-0.7
1.5
8.9
1.0
0.4
0.7
5.7
-8.8
-4.2
-5.1
-1,0
-1.1
2.7
4.8
-0.7
-0.8
-3.4
2.1
-0.7
-0.6
12.6
4.8
2.1
2.3
5.6
-3.1
14.5
8.6
4.0
14.4
4.6
11.6
0.2
6.6
1.0
1.0
6.3
0.9
0.0
4.1
-3.8
4.3
-1.1
5.7
3.6
1.9
6.9
3.0
3.8
51C. CHANGE IN PERSONAL INCOME, LESS TRANSFER PAYMENTS, IN 1 9 7 2 DOLLARS, OVER 3-MONTH SPANS 2
(COMPOUND ANNUAL RATE, PERCENT)
1949..
1950.,
1951..
1952..
1953..
1954..
1955..
1956..
1957..
1958..
1959..
I960..
1961..
1962..
1963..
1964..
1965..
1966..
1967..
1968..
1969..
1970..
1971..
-10.4
8.0
1973..
1974..
1975..
1976..
1977,.
1978..
1979..
1980..
1981..
1982..
1983..
-5.4
11.0
-1.0
7.8
-4.6
12.0
-4.6
13.8
-2.0
16.3
6.2
15.2
1.5
1.4
11.B
6.8
4.0
5.9
4.7
2.9
0.1
-6.3
5.8
0.3
0.7
-3.9
5.8
2.8
-3.9
12.3
-2.6
12.3
9.5
9.2
3.0
2.0
l.l
>.3
1.2
(J.4
>.7
1.1
0.6
15.4
3.9
-5.6
8.9
2.4
5.5
3.4
-1.6
3.0
1.2
2.3
3.1
0.5
6.2
1.6
6.6
1.2
1.9
3.6
4.7
3.8
4.3
-0.1
1.3
2 6
2,1
8 3
6.4
8 6
3.0
0.8
-3.0
-2.8
-4.5
4.8
5.3
2.7
6.7
6.0
1.9
0.9
6.0
-6.8
8.0
5.6
5.4
1.7
2.8
1.6
3.8
3.2
6.6
5.5
0.9
-0.6
-0.7
-4.0
4.5
3.3
3.8
4.3
3.3
3,0
1.1
0.5
0.8
1.1
0.1
4.5
4.1
2.1
2.8
-0.8
1.5
5.6
0.1
0,4
0.5
0.9
5.0
2.0
3.2
8 0
2.7
7.9
5.8
4.2
1.4
2.2
4.3
2.6
5.9
-8.9
-4.7
-4.8
-1.8
-0.7
-0.8
-4,0
-4.2
-5.8
7.4
6.5
9.4
1.4
3,1
5.0
7.0
6.5
0.9
5,0
3.0
3.7
2.2
7.5
4.7
2.8
-0.6
-2.1
-5.8
-5.9
S.6
4.9
-2.8
-0.9
3.6
1.8
0.6
9.6
78
-4.7
-8.6
4.4
5.3
2.3
3.8
2.3
6.8
-6.4
3.9
4.2
8 8
-8.3
-6.5
2.0
2.4
4.6
2.4
5.4
5.2
7.0
10 2
1.2
-5.9
1.9
5.7
7.3
9.0
1.5
8.9
-6.2
2.1
1.7
2.2
2.7
-5.6
7.0
9.5
2.8
6.8
9.7
5.9
3.7
0.9
5.9
7.0
0.1
1.9
-1.5
7.2
2.1
1.9
7.2
6.8
4.3
3.2
2.7
7.5
7.9
2.8
1.6
_5-9
-0.9
-4.7
-2.9
4.6
6.9
-1.0
-2.6
5.5
6.4
3.9
2.1
5.4
7.0
3.1
-0.7
10.0
-6.1
4.9
3.6
7.0
5.8
2.2
6.6
7.2
2.5
7.6
5.2
0.4
4.2
1.4
-3.8
-3.4
-2.4
0.2
-0.7
4.9
4.7
7.9
5.5
1.0
6.7
3.6
4.2
3.8
7.4
AVERAGE FOR PERIOD
1.0
10.4
-0.4
-0.1
17,6
:
'ercent changes are centered w i t h i n the spans: 1-month changes are placed on the 2d month and 3-month changes are placed on
6.0
-7.3
-4.3
4.7
1.5
5.9
-0.2
11.2
3.8
5.8
1.5
2.0
7.7
3.2
-0.6
3.2
3.9
0.2
5.4
3.4
4.1
7,0
6.7
4,2
3.7
5.5
3.1
0.5
3.5
7 1
3.2
-3.9
-5.5
2.1
4.8
6.2
5.8
1.5
0.3
2.5
2,1
-0.8
3.7
5.2
5.8
6.1
1.6
7.5
(AUGUST 1983)
th. Quarterly and annual figures are averages 2of the centered changes.
;ries contains revisions beginning with 1980. This series contains revisions beginning with 1979.
97
C. Historical Data for Selected Series—Continued
Year
Jan.
Feb.
Apr.
Mar.
52.
1949...
1950...
1951...
1952.,.
1953...
1954...
1955...
1956...
1957...
1958...
1959..,
I960..„
1961..,
1962...
1963...
1964...
1965...
1966...
1967...
1968...
1969.
1970.
1971.
1972.
1973.
1974.
1975.
1976.
1977.
1978.
1979.
1980.
1981.
1982.
1983.
364.1
364.4
389.7
365,7
403.8
406.7
426.0
419.3
449.7
448.1
449.8
449.6
467.2
466.0
501.4
500.0
517.3
514.9
514.4
514.2
536.7
534.3
556.9
558.9
564.5
562.4
593.4
590.0
611.8
615,3
642.5
639.4
682.4
683,6
728.7
724.4
764.2
763.1
795.8
789.8
841.9
836.8
865.1
862.7
888.2
886.5
932.9
924.9
998.9
J90.9
1009.4 1003.2
991.3
<I09.9
1035.3 1044,7
1C75.4 1080.5
1133.3 1137.7
11B9.6 1190.5
1217.3 1210.0
12,13.0 1236.2
1249.1 1255.7
53.
1949...
1950...
1951...
1952...
1953,,.
1954...
1955...
1956...
1957...
1958...
1959...
1960...
1961...
1962...
1963...
1964...
1965...
1966...
1967...
1968...
1969...
1970...
1971...
1972...
1973...
1974...
1975...
1976...
1977...
1978...
1979...
1980..,
1981...
1982...
1983...
367.0
398.8
407.2
427.7
454.1
448.0
471.7
501.2
518.8
514.9
541.8
555.7
566.3
596.9
614.1
645.9
683.5
730.7
767.4
801.9
845.4
868.9
892.0
936.8
999,9
998.8
991.6
1047.3
1089.1
1145.6
1197.3
1206.4
1240.9
1256.0
My
a
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
IQ
II Q
365 .2
391 .4
405 .9
364 .7
390 .3
416 .0
429 .9
456 3
447 .7
479 ,7
506 .2
520 .4
514 6
546 .8
561 .3
PERSONAL INCOME, TOTAL IN 1972 DOLLARS
(ANNUAL RATE, BILLIONS OP DOLLARS)
365,4
390.4
414.0
425.7
454.6
446.2
475.7
506,8
519.6
512.1
544.9
559.2
567.3
599.7
616.5
650.5
687.5
731.9
768.0
805.8
848.1
886.4
892.6
940.7
1000.4
1001.8
994.3
1050.6
1091.2
1153.8
1194.1
1200.1
1241.6
1258.1
365.8
389.9
414.9
431.2
456.6
448.3
480.5
505.2
519.6
514.6
547.1
562,1
571.4
600.3
618,9
654.0
693.1
734.9
769.3
811.3
849.8
879.0
895.0
943.6
1001.8
1005.3
1003.3
1052.8
1095.6
1150.8
1193.6
1196.3
1242.5
1263.8
362.9
390,5
419.2
432.9
457.8
448.6
482.9
506.7
521.9
517.2
548.3
562.5
576.6
602.2
622.1
656.6
696.6
739.1
771.9
816.1
852.0
878.2
910.9
933.8
1004.3
1008.3
1021.1
1052.0
1097.7
1155,2
1194.0
1196.5
1251.6
1254.3
362 2
393 2
417 7
429, 2
456 3
449 4
488 8
501 5
522 7
526 8
548 5
561 6
577 4
604 3
622 6
659 4
699 4
741 8
775 8
821 6
856 7
880 3
898 1
948 3
1011 4
1012 8
1009 1
1058 7
1109. 0
1167 8
1206 4
1207. 7
1266 0
1256 0
365.2
399.5
422.6
440.5
453.8
453-1
489.2
508.6
523.6
525.7
542.7
561.2
577.9
605.2
624.8
664.6
701.2
744.5
779.3
825.2
860.6
882.8
902.1
955.8
1006.9
1007.3
1017.1
1061.0
1110.9
1171.3
1208.5
1206.0
1274.7
1250.8
n:;.5
120.8
135.1
129.7
134.1
148.1
,153.6
'..42,8
349.0
158.9
150.3
159.9
166. I
171.0
1134.'
1!>6.7
207.3
210.5
221.1
22D.6
213.1
2US.4
23i!.3
23'.3
213.2
216.6
223.0
235.1
251,3
241, 5
234,0
223.0
100.9
96.9
115.1
121.9
136.5
129.7
135.4
148.2
154.4
139.4
150.1
159.1
149.8
161.3
165.9
174.3
186.4
198.4
205.2
213.4
221.2
219.7
209.7
218.4
234.7
232.2
208.3
217.9
225.0
236.6
251.0
240.2
230.8
223.8
98.7
1OQ.7
116.9
122,9
13V. 7
129.0
137.4
148.9
153,8
138.3
152.6
158,3
150.5
162.6
166.2
175.3
186.9
199.8
205.8
213.7
222.6
220.2
210.1
220.6
233.7
231.0
206.8
218.9
227.3
239.7
251.8
237.7
231.5
222.7
97.2
103.1
118.7
121.1
137.8
128.6
138.6
151.3
152.7
136.0
154.4
157.5
151.8
164.5
167.1
176.6
185.9
201.5
205.5
214.6
223.0
217.8
210.8
221.6
234.2
230.5
205.7
220.0
229.1
244.2
249.8
233.9
231.6
221.6
96.6
105.4
118.3
122.0
138.0
128.6
141.1
149.8
151.6
136.0
156.2
158.0
153.2
164.0
168.5
177.0
187.5
202.0
204.9
216.4
223.9
215.2
212.3
222.0
234.2
231.2
206.9
220.8
231.2
244.0
248.8
230.4
231.3
220.2
94.9
106.7
119,4
120,6
137.0
128.2
141.8
150.2
152.1
137.5
156.9
156.7
155.3
164.4
169.1
177.6
1S8.0
204.1
205.4
216.2
224.2
215,5
211.3
222.3
235.2
231.0
206.8
220.0
233.4
245,2
248.2
227.8
232.2
217.4
96. 0
109 4
119 6
115. 9
137 6
127. 6
142. 7
147. 1
151. 3
139. 2
156. 1
156. 4
155 4
363 .9
403 .6
423 .3
445 .3
456 .0
459.7
495 .3
516 .0
522 .9
529 .8
543 .5
561 ,7
583 .5
607 .3
631 .8
667 .3
714 .7
751 .2
779 .3
829 .2
863 .1
878 .3
905 .6
972 .8
1018 .4
1003 .8
1025 .1
1062 .4
1126 .9
1179 .6
1207 .7
1217 .1
1268 .1
1253 .7
366.8
405.8
422.7
443.5
455.4
462.3
497.5
515.9
520.9
535.2
549.4
559.4
589.1
608.8
631.7
672.0
719.9
755.4
785.1
832.3
861.3
876.7
909.5
983.3
1020.5
996.0
1026.7
1071.8
1130.6
1183.8
1210.8
1222.1
1263.8
1259.9
370.9
409.4
422.3
445.4
453.2
465.1
500.6
516.4
517.9
536.3
557.2
556.9
591.9
610.6
636.2
678,9
723.3
756.5
790.8
835.7
863.9
879.6
917.4
987.3
1017.2
995.0
1025.4
1075.6
1137.2
1195.4
1212.2
1227.9
1257.5
1264.9
165. 0
169. 1
178. 8
188. 5
204. 3
206. 1
216, 4
224. 7
215. 7
210. 7
221. 1
237. 2
229. 9
205. 6
221. 0
233. 8
246. 3
248. 5
226. 6
231. 7
215. 5
424.3
450 .6
449 .1
468 .3
500 .9
517 • 0
514 .5
537 .6
557 .2
564.4
593 .4
613 .7
642 .6
683 .2
727 .9
764 9
795 .8
841 .4
865 .6
888 .9
931 .5
996.6
1003 .8
990 .9
1042 .4
1081 .7
1138 .9
1192 .5
1211 .2
1236 7
1253 .6
92 .6
115 .0
117 .9
130 .6
134 .3
130 .1
145 .0
153 .8
148 .8
142 .1
150 .6
153 .7
157 .7
164 .8
17i .0
178 .9
192 .5
205 .8
205 .9
218 .7
224 .8
206 .8
211 .1
227 .4
235 ,4
226 .6
210 .8
221 .3
236 .9
248 .0
244 .4
231 .0
227 .6
208 .9
93.7
116.3
118.6
132.3
133.0
132.7
146.9
153.2
147.5
147.1
152.2
151.9
160.0
165.4
171.4
181.5
194.1
206.1
208.9
220.1
222.6
205.5
211.5
228.8
236.2
219.7
211.2
224.2
237.2
249.6
242.3
232.1
225.3
207,9
95.9
116.0
119.8
134.4
131.5
133.3
147.3
155.1
145.3
147.7
156.8
148.9
160.8
165.8
172.6
184.3
195.8
206.2
210.5
220.6
223.0
208.9
214.4
230,0
236.2
216.5
213.2
225.1
236.1
251.0
241.7
232.4
222.5
208.6
208.1
204.9
232.2
230,1
2S8.3
257.8
279.0
276.2
288.6
288,6
290.9
289.1
315.9
313.6
337.6
335.2
354.5
355.5
365.8
363.8
385.7
384.8
404.8
404,1
421.1
420.1
448.3
446.0
471.5
468.6
507.2
504.4
557.5
542.7
599.2
594.1
638.1
635.9
705.6
700.6
769.5
765.1
824.4
819,2
878.7
875.9
964.2
958.7
1077.4 1088.3
1186.6 1193.7
1285.6 1295.5
1404.8 1413.5
1559.7 1575.3
1761.6 1777.8
1983.1 1997.4
2184.0 2208.5
2494.6 2514.3
2586.7 2597.4
204 .5
235 .3
261 .2
280 .1
290 .5
292 .8
317 .5
341 .1
354 .5
366 .6
386 .4
406 .1
424 .8
449 .4
474 .5
507 8
554 .6
602 5
639 8
710 6
773 3
823 0
882 1
982 5
1098 9
1204 5
1307 0
1422 6
1593 5
1801 2
2016 8
2239 4
2513 4
206.9
237.4
262.1
279.4
286.7
295.4
319.9
341.0
354.7
370.9
390.6
405.6
428.9
451.7
475.7
511.4
559.4
606.6
646.1
715.8
776.0
825.0
888.6
996.1
1110.3
1204.2
1315.2
1440.5
1608.9
1819.5
2034.2
2264.5
2518,7
2633.1
208.1
100
98
115
121
136
129
135
148
153
140
150
158
150
161
166
4
5
8
9
4
5
6
4
9
2
6
8
2
3
1
173.5
186
198
206
212
221
220
210
218
0
3
1
5
6
2
0
5
233.6
232
209
217
225
237
251
239
232
223
2
4
8
1
1
4
8
1
2
207
220
246
263
284
287
299
324
345
354
6
0
6
9
5
6
6
2
223. PERSONAL INCOME IN CURRENT DOLLARS'
(ANNUAL RATE, BILLIONS OF DOLLARS)
1949...
1950...
1951...
1952...
1953...
1954,
1955.
1956.,
1957.
1959...
1959...
I960...
1961...
1962..
1963..
1964..
1965..
1966..
1967..
1968..
1969..
1970..
1971..
1972..
1973..
1974..
1975..
1976..
1977..
1978..
1979..
1980..
1981..
1982..
1983..
207.0
20 7. i)
219.4
216.4
246.7
244.0
265,0
261.2
284.2
282.3
287.3
,*@8.3
I199.5
297.8
:s24.4
322.5
346.1
342.9
353.4
353.8
375.7
373.5
397.6
397.4
408.7
406.6
4:14.4
431.3
4115.8
457.8
4£i5.7
493.4
522.0
521,6
572.0
566.5
614.4
613.5
66). 7
656.3
72!), 9
723.8
78(t.l
783.3
843.8
840.4
921.7
910.1
1011.7 1025.9
1118.4 1124.6
1208.7 1214.3
1338.6 1,350,9
1460.4 1477.1
1628.5 H142.9
1853.4 16(70.2
2079.2 2C89.7
2316.9 2336.5
2518.1 2530.2
208.1
224.5
249.2
265.6
287.0
287.2
301.9
325.8
347.6
355.3
378.7
397.9
410.0
438.1
457.5
488.3
524.9
575.8
618.5
671,2
736.3
793.3
850.1
927.4
1034.9
1131.6
1219.7
1356.2
1493.1
1663.4
1891.8
2107.5
2361.4
2535.8
206.7
204.7
207.2
219.8
220.3
221.4
252.1
253.5
255.3
265.2
268.2
269.7
287.3
288.6
289.8
286.0
287.1
286.9
304.9
307.5
308.6
328.9
329.4
331.4
348.1
349.7
352.3
354.4
355.6
357.4
382.0
384.6
387.1
401.5
403.0
403.3
410.7
413.7
418.0
440.8
441.8
443.2
459.3
461.7
465.3
491.8
495.1
497.7
528.7
533.7
537.8
S78.2
580.6
585.4
619.8
622.4
626.8
676.1
683.1
688.8
742.1
747.0
752.3
812.8
808.7
809.7
854.2
859.2
879.0
933.2
938.9
931.0
1042.4 1049.9 1058.5
1142.1 1157.1 1168.6
1228.0 1242.1 1272,3
1365.8 1375,0 1380.2
1502-6 1514.1 1526.9
1686,9 1700.9 1720.1
1902.2 1915.8 1931.9
2108.5 2116.2 2129.8
2375.1 2390.6 2416.9
2549,0 2568.0 2572.5
' T h i s series contains revisions beginning with 1980.
2
203. 2
225. 7
254. 8
268. 7
289. 3
287. 6
313. 3
330. 5
353. 9
364. 0
387. 8
403. 8
419. a
444. 8
466. 3
500. 5
540.6
589. 0
631. 5
695. 1
759. 0
814. 3
869. 4
948. 3
1068.0
1181. 9
1269. 5
1394. 3
1548. 2
1745. 9
1965. 3
2165. 4
2463. 7
2589. 8
Annual
571 8
600 .7
S19 2
653 7
692 4
735 3
769 7
811 1
850 0
881 2
899 5
939 4
1002 2
1005 1
1006 2
1051 8
1094 8
1153 3
1193 9
1197 6
1245 2
1258 7
365.7
397,5
420.1
438,5
454.2
453.1
489.8
507.5
522.8
527.0
544.6
561.2
577.9
604.8
625.4
663.8
706.7
744.8
778.4
824.7
859.7
882.5
901.4
953.5
1011.2
1007.5
1016.0
1060.6
1112.9
1170.6
1207.3
1207.1
1271.7
1252.7
367.2
406 .3
422 .8
444 .7
454 .9
462.4
497 .8
516,1
520 .6
533 .8
550.0
559.3
588 ,2
608.9
633 .2
672.7
719 .3
754.4
785 .1
832 .4
862.8
878 .2
910.8
981 .1
1018 .7
998.3
1025 ,7
1069 .9
1131 .6
1186 3
1210 .2
1222 .4
1263 1
1259 5
365.7
396,4
416.2
434.4
454.0
453.1
483.9
507.7
520.2
522.5
544.7
559.7
575.6
602.0
622.9
658.2
700.4
740.6
774.5
816.0
853.4
876.9
900.2
951.4
1007.2
1003.7
1009.7
1056.2
1105.2
1162.2
1201.0
1209.6
1254.2
1256.1
AVERAGE FOR PERIOD
96.3
112.1
119.0
129.4
134.2
127.7
143.4
152.5
149.8
142.8
151.6
154.1
154.7
165.2
170.5
181.5
190.5
205.6
206.3
217.6
225.1
212.1
210.5
225.1
235,0
227.6
210.2
221.8
235.9
247.5
246.6
230.2
228,3
211.9
95.3
112,0
119.4
124,6
136,6
127.7
142.9
150.9
151.3
141.3
152.0
155.2
156.4
164.7
169.1
180.4
189.9
205.1
207.8
216.3
225.1
214.8
210.3
223.7
233.4
229.4
208.9
221.7
234.0
246.6
246.4
229.4
231.0
213.3
I3
V
AVERAGE FOR PERIOD
369.6
399.7
420.0
445.7
452.4
456.7
491.3
512.3
522.1
528.6
542.5
560.7
578.4
605.0
628.7
667.4
719.4
748.1
780.1
827.2
861.7
884.5
904.0
956.5
1015.2
1002.3
1021.7
1062.0
1118.8
1172.7
1206.9
1207.5
1274.4
1251.2
WAGE AND SALARY INCOME IN MINING, MANUFACTURING, AND CONSTRUCTION IN ]
L972 DOLLARS 2
(ANNUAL RATE, BILLIONS OF DOLLARS)
101.6
9U.0
III Q
96
105
118
121
137
128
140
150
152
136
155
157
153
164
168
177
187
202
205
215
223
216
211
222
234
230
206
2
1
8
2
6
5
5
4
1
5
g
4
4
3
2
1
1
S
3
7
7
2
5
0
5
9
5
220. 3
231 2
244
248
230
231
219
5
9
7
7
7
95.9
111.2
119.3
123.3
136.1
127.7
143.0
150.2
150.8
141.1
153.2
155.2
155.5
165.0
169.6
180.2
189.6
205.0
206.7
216.8
225,0
214.2
210.5
223,3
235.2
229.0
208.2
221.5
234.6
246.8
247.2
228.7
230.3
213.6
94
115
118
132
132
132
146
154
147
145
153
151
159
165
171
181
194
206
208
219
223
207
212
228
235
220
211
223
236
249
242
231
225
208
1
8
8
4
9
0
4
0
2
6
2
5
5
3
7
6
1
0
4
8
5
1
3
7
9
g
7
5
7
5
8
8
1
5
96.6
107.6
118.2
124,7
135.8
129.4
141.4
150.8
151.0
140,8
153.2
155.7
154.7
164.0
168.9
178.1
189,2
203.0
206.6
216.2
223.4
214.4
211.1
223.1
234.6
226.2
209.0
220.8
231.9
244.5
247.6
232.8
229.8
216,2
AVERAGE FOR PERIOD
2617
8
Th1s series contains revisions beginning with 1967.
242. a
263.1
281.5
287. a
296.3
321.9
342.9
353.7
372.7
396.2
403.2
431.5
453.7
480.3
517.3
564.2
608.2
653.2
720.4
781.8
831.2
900.0
1004.1
1115.9
1209,9
1321.7
1452.1
1625.0
1843.3
2052.2
2291.2
2517.6
2645.0
5
2
376. 0
397 6
408. 4
434. 7
457. 0
465. 8
522. 8
571. 4
615. 4
663. 7
730. 0
788. 2
644. 7
919. 7
1024. 2
1124, 9
1214. 2
1348, 5
1476. 9
1644. 9
1871. 8
2092. 1
2338. 3
2528. 1
206. 1
220. 4
253. 6
267 7
288. 6
286 6
306. 9
329. 8
350. 0
355. 8
384. 6
402. 6
414. 1
441. 9
462. 1
494. 9
533. 4
581. 4
623. 0
682. 7
747. 1
810. 4
864. 1
934. 4
1050. 3
1155. 9
1247. 5
1373. 7
1514. 5
1702. 7
1916. 6
2118. 2
2394, 2
2563. 2
205.3
229.2
256.9
274.6
288.8
289.2
314.2
334.3
354.6
364.5
386.1
404.2
420.3
446.3
468.8
504.0
546.9
594.1
635.2
700.4
764.5
819.3
874.7
957.1
1077,9
1187.4
1283.5
1404.2
1561.1
1761.8
1981.9
2186.0
2490.9
2591,3
206 4
238 5
262. 1
280 4
289. 0
294 7
319 7
341, 6
354 2
370. 1
391. 1
405. 0
428. 4
451. 6
476. 9
512. 1
559. 4
605.7
646. 4
715. 6
777. 0
826. 4
890. 3
994. 2
1108. 3
1206. 2
1314. 6
1438. 4
1609. 2
1821. 3
2034. 4
2265. 0
2516. 6
2632. 0
206.4
227.2
254.9
271.8
287.7
289.6
310.3
332.6
351.0
361.1
384.4
402.3
417.8
443.6
466.2
499.2
540.7
588.2
630.0
690.6
754.7
811.1
868.4
951.4
1065.2
1168.6
1265.0
1391.2
1540,4
1732.7
1951.2
2165.3
2435.0
2578.6
(AUGUST 1983)
C. Historical Data for Selected Series—Continued
Year
Jan.
Mar.
Feb.
114.
Apr.
May
June
July
Aug.
Sept.
DISCOUNT RATE ON NEW ISSUES OF 91-DAY TREASURY BILLS
(PERCENT)
1.35
1.16
1.16
1.52
1.62
2.18
1.01
1.62
2.61
3.11
1.13
2.42
2.72
2.90
3.55
3.94
4.63
4.29
5.14
6.08
6.71
3.32
3.72
6.05
7. 99
5.54
5.05
4.61
6.32
9.46
15.53
13.48
12.49
2.33
2.74
2.91
3.43
3.93
4.61
3.85
5.36
6.15
6.48
3.78
3.72
6.29
8.23
5.69
4.8B
4.54
6.31
9.49
14.00
13.63
12.82
1949..
1.16
1.16
1.16
195l!!
1952!.
1953..
1954..
1955..
1956..
1957..
1958..
1959.,
I960..
1961..
1962..
1963..
1964..
1965..
1966..
1967..
1968..
1969..
1970..
1971..
1972..
1973..
1974..
1975..
1976..
1977..
1978..
1979..
1980..
1981..
1982..
1983..
l'.39
1.69
2.04
1.21
1.26
2.46
3.21
2.60
2.84
1.39
1.57
2.02
0.98
1.18
2.37
1.42
1.66
2.08
1.05
1.34
2.31
1.56
2.30
2.75
2.91
3.53
3.83
4.60
4.76
5.08
6.18
7.91
4.49
3.40
5.31
7.76
6.49
4.96
4.60
6.45
9.35
12.04
14.72
12.41
2.41
2.75
2.92
3.53
3.93
4.67
4.55
4.97
6.16
7.16
3.77
3.18
5.56
7.06
5.58
4.85
4.66
6.46
9.27
12.81
14.90
13.78
3.i6
3.14
115.
Oct.
Nov.
Dec.
IQ
2.42
2.20
2.39
2.74
2.ao
2.69
2.68
2.88
3.34
3 • 24
3.91
4.37
3.89
3.89
4.15
4,14
4,43
4.40
5.18
5.74
6.86
5.92
5.62
5.96
6.56
6.68
6.93
6.68
7.51
8.43
10.03
11.65
13.73
0.98
1.02
1.06
1.04
1.06
1.10
1.16
1.16
1.02
1.58
1.71
2.20
1.59
1.82
2.10
0.71
1.62
2.33
3.16
0.96
1.64
1.88
2.09
0.39
1.38
2.61
3.40
1.69
1.65
1.79
1.88
1.01
2.09
2.85
3.53
2.48
1.61
1.78
1.40
0.99
2.26
2.96
3.59
2.79
1.61
1.86
1.43
0.95
2.22
3.00
3.34
2.76
1.73
2,13
1.63
1.17
2.56
3.23
3.10
2.81
1.40
1.64
2.05
1.08
1.26
2.38
3.17
1.34
T.53
0.78
1.49
2.65
3.04
1.05
1.50
1.70
2.23
0.65
1.43
2.53
3.32
0.88
2.29
2.69
2.92
3.43
3.90
4.64
3.64
5.62
6.08
7.04
4.14
3.65
6.35
8.43,
5.32
5.18
4.94
6.43
9.58
9.15
16.30
12.15
2.36
2.72
3.00
3.48
3.81
4.54
3.48
5.54
6.49
6.74
4.70
3.87
7.19
8.14
5.19
5.44
5.00
6.71
9.05
7.00
14.56
12.11
2.27
2.94
3.14
3.43
3.83
4.86
4.31
5.38
7.00
6.50
5.40
4.06
8.02
7.75
6.16
5.28
5.15
7.07
9.26
8.13
14.70
11.91
2.40
2.84
3.32
3.51
3.84
4.93
4.28
5.10
7.01
6.41
5.08
4.01
8.67
8.74
6.46
5.15
5.50
7.04
9.45
9.26
15.61
9.01
2.30
2,79
3.38
3.53
3.91
5.36
4'. 45
5.20
7.13
6.24
4.67
4.65
8.48
3.36
6.38
5.08
5.77
7.84
10.18
10.32
14.95
8.20
2.35
2.7S
3.45
3.58
4.03
5.39
4.59
5.33
7.04
5,93
4.49
4.72
7.16
7,24
6.08
4.93
6.19
8.13
11.47
11.58
13.87
7.75
2.38
2.46
2.80
3.52
3.62
4.08
5.34
4.76
5,49
7.19
5.29
4.19
4.77
7.87
7.58
5.47
4.81
6.16
8.79
11.87
13.89
11.27
8.04
2.27
2.62
2.86
3.52
3.86
4.36
5.01
5.01
5.92
. 7.72
4.86
4,02
5.06
7.36
7.18
5,50
4.35
6,06
9.12
12.07
15.66
10.93
8.01
3.94
2.38
2.74
2.91
3.54
3.90
4.63
4.53
5.06
6.14
7.26
3.86
3.43
5.64
7.60
5.87
4.95
4.62
6.41
9.36
13.46
14.37
12.89
1.63
1.83
2.02
0.87
1.86
2.60
3.38
1.71
3.53
2.39
2.32
2.86
3.28
3.51
3.86
5.05
4.35
5.23
7.05
6.38
5.05
4.24
8.39
8.28
6.33
5.17
5.47
7.32
9.63
9.24
15.09
9.71
2.22
2.36
2.56
2.71
2,98
2.52
2.92
3.21
3.66
3.75
4.26
3.84
4.02
3.94
4.04
4.25
4.79
4.99
5.09
6.32
6.63
5,56
5.70
6,41
7.30
7.28
6.70
6.94
7.82
3.68
10.94
14,14
11.48
2.22
2.38
2.61
2.74
2.83
2.54
2.87
3.20
3.73
3.76
4.11
3.91
3.98
3.89
4.07
4.28
4.70
5.19
5.24
6.27
6.59
5.46
5.69
6.25
7,22
7.29
6.65
7.08
8.07
9.44
11.20
14.13
10.51
2.40
2.24
2.42
2.72
2.84
2.61
2.75
2.89
3.27
3.26
3.92
4.22
3.83
4.34
4.74
5.44
5.36
6.52
6.24
5.48
5.51
6.30
6.93
7.21
6.62
7.16
8.16
9.60
11.83
12.68
10.18
2.19
2.39
2.70
2.75
2.79
2.59
2.91
3.40
3.30
3.80
4.27
3.33
4.06
3.87
4.14
4.43
4.65
5.36
5.66
6.81
5.97
5.62
5.63
6.35
6.77
7.17
6.38
7.24
8.36
9.58
11.89
12.86
10.33
2.39
2.24
2.40
2.71
2.83
2.62
2.78
2.85
3.22
2.38
2,27
2.47
2.70
2.99
2.53
2.78
2.93
3.26
2.38
2.30
2.56
2.64
2.97
2.48
2.62
3.07
3.32
2.63
2.57
3.11
2.54
2.81
2.97
3.40
3.92
4.22
3.81
3.92
4.08
3.78
4.01
4.18
3.80
4.08
4.16
3.73
3,92
4.14
4.16
4.61
4.47
5.16
5.86
6.44
5.84
5.67
6.14
6.54
6.66
6.92
7.16
7.60
8.43
11.55
12.23
13.63
3.93
4.18
4.15
4.63
4.45
5.39
6,05
6.39
5.71
5.66
6.20
6.81
6.77
6.88
7.20
7.63
8.45
11.87
12.15
12.98
3.97
4. 20
4.15
4.55
4.51
5.28
5.84
>.53
).75
>,74
3.97
4.16
4.14
4.S7
4.76
5.40
5.85
6.94
5.96
5.64
6.25
7.09
7.01
7.01
7.17
7,87
8.55
9.82
12.96
12.67
116.
.04
.05
>,73
r.13
7.74
8.44
10.83
12.62
12.84
2.38
2.31
2.66
2.60
2.74
3.08
3.17
3.00
2.99
3.20
4. 28
3.62
4.58
5.34
4.63
4.56
4.22
4.50
4.45
4.93
5.53
6.57
7.29
9.00
7.63
7.36
7.61
8.32
9.17
8.97
7.96
8.70
9.47
11.65
14.01
16.34
1.68
2.20
0.81
1.51
2.60
3.16
1.02
3.02
3.09
2.33
2.72
2.94
3.46
3.88
4.60
3.66
5.51
6.24
6.75
4.21
3.75
6.61
8.27
5,40
5.17
4.83
6.48
9.37
10.05
14.83
12.36
1.07
1,35
1.65
1.92
1.49
1.04
2.35
3.06
3.34
2.79
4.30
2.36
2.48
2.80
3.50
3.69
4.16
5.25
4.79
5.58
7.32
5.36
4.23
4.85
7.46
7.33
5,68
4.70
6.14
8.68
11.80
13.71
12.02
7.93
L.10
.. 22
L.55
L.77
L.94
3.95
L.75
2.66
3.26
1.84
3.41
2.95
2.33
2.78
3.16
3.55
3.95
4.83
4.33
5.34
6.69
6.44
1.34
*.O7
7.03
7.87
5,82
5.00
5.26
7.22
10.04
11.61
14.08
10.72
AVERAGE FOR PERIOD
2.38
2.33
2.65
2.61
3.13
2.55
2.82
2.93
3.58
2.27
2.34
2.63
2.61
3.02
2.47
2.91
3.00
3.60
2.24
2.33
2.57
2.70
3.02
2.4B
2.95
3.17
3.63
4.09
3.98
3.88
3 • 90
4.00
4.14
4.63
4.86
5.23
6.05
6.99
5.94
5.59
6.32
7.02
6.36
6.92
6.99
7.94
8.32
9.40
12.39
13.32
4.11
3.86
3.90
4.10
3.79
4,00
3.98
3.99
4.19
4.80
4.95
5.04
6.02
6.75
5.78
5.59
6.85
7.33
7.11
6.82
7.01
7.88
8.42
10.53
13.61
12.15
4.' 01
4.15
4.75
4.86
5.09
6.07
6,57
5.91
5.59
6.53
7.18
6.89
6.85
6.98
8.10
8.35
9.33
13.05
12.97
YIELD O N WISSUES OF HIGH-GRADE CORPORATE BONDS
N E
2.20
2.38
2.66
2.71
2.66
2.57
2.89
3.30
3.57
3 • 70
4.12
3.93
3.98
4^11
2.38
2.31
2.61
2.61
3.07
2.52
2.82
2,99
3.43
2.24
2.34
2.59
2.67
3.01
2.49
2.93
3.13
3.63
4.16
3.S3
3.97
3^91
4^06
4.11
3.80
3.89
3! 98
4^01
4.15
4.56
4.44
5.24
5.88
6.56
5.82
5.65
6.10
6.64
6.70
6.91
7.01
7.58
8.44
11.15
12.01
13.45
4.14
4.58
4.71
5.30
5.91
6.62
5.83
5.66
6.23
7.05
6.97
6.89
7.10
7.85
8.44
10.02
12.66
12.94
4.20
4.78
4.93
5.07
6.14
6.65
5.75
5.63
6.60
7.27
7.09
6.79
6.98
7.93
8.48
10.43
13.. 60
12.20
2.20
2.38
2.66
2.73
2.83
2.57
2.89
3.30
3.53
4;17
3.91
4.01
3.88
2.31
2.32
2.57
2.68
2.94
2.55
2.84
3.08
3.47
4.35
4.70
5.33
5.42
6.53
6.27
5.52
5.61
6.30
6.97
7.22
6.55
7.16
8.20
9.61
11.64
13.23
10.34
4,21
4.65
4.85
5.26
6.12
6.58
5.74
5.64
6.31
6.98
7.00
6.78
7.06
7.89
8.74
10.81
12.37
12.23
• .08
1.02
3.90
kOO
1 c
®
AVERAGE FOR I>ERIOD
2.77
2.58
2.78
2.94
3.26
2.88
3.09
3.07
2.75
2.57
2,90
3.14
3.41
2.74
3.14
3.25
2.74
2.40
3.06
3.09
3.53
2.88
3.11
3.55
2.69
2.58
2.98
3.25
3.80
2.90
3.15
3.48
2.77
2.63
3.24
3.09
3.82
2.91
3.11
3.56
2.68
2.55
3.20
3.11
3.59
2.94
3.14
3.56
2.60
2.61
3.01
2.40
2.70
2.91
2.50
2,64
3.09
2.54
2.63
3.36
2.53
2.75
3.22
2.73
2.58
2.81
2.73
2.54
3.09
2,56
2.62
3.04
2.52
3.46
2.94
3.41
4.02
3.60
3.01
3.27
3.96
3.09
2.84
3.15
3.94
3.13
2.94
3.17
4.29
3.23
2.67
3.27
4.26
3.28
2.87
3,07
3,17
3.72
2.90
3.12
3.53
3.55
2.96
3,27
3.85
3.15
2.83
3.20
4.16
3.73
4.60
5.24
4.43
4.53
4.25
4.39
4.45
5.09
5.35
6.57
7.33
8.84
7.54
7.57
7.67
8.21
8.84
8.71
8.18
8.70
9.52
13.23
14.60
16.35
3.88
4.53
4.98
4.37
4.41
4.28
4.45
4.49
5.33
5.55
6.80
7.76
9.00
7.62
7.53
7.75
8.60
9.48
8.73
8.33
8.70
9.65
14.08
14.49
15.72
3.67
4,60
4.97
4,57
4.37
4.35
4.46
4.48
5.38
5.59
6.79
7.54
9.09
7.76
7.77
7.70
9.04
9.81
3.68
8.30
8.88
9.69
13.36
15.00
15.62
3.66
4.92
4.95
4.67
4.32
4.36
4.48
4.52
5.55
5.90
7,00
7.62
9.53
8.25
7.61
7.69
9.39
9,76
9.00
3.38
9.00
9.82
11,61
15,68
15.37
3.61
5.00
4.91
4.82
4.30
4.32
4.50
4.57
5.67
6.06
7.02
3.04
9.70
8.15
7.63
7.73
9.59
9,27
8.90
8.08
9.15
9.51
11.12
14.97
15.96
3.85
4.95
4.79
4.61
4.41
4.34
4.44
4.57
5.81
6.06
6.91
B.06
9.09
8.24
7.72
7.97
10.18
9.56
8.76
8.12
9.27
9.47
11.48
15.67
15.75
4.39
4.90
4.65
4.79
4,39
4.34
4.44
4.66
6.04
6.30
6.54
8.05
9.OB
8.14
7.59
8.45
10.30
9.71
8.59
8.06
8.83
9.57
12,31
16.34
14.64
4.56
5.28
4.64
4.72
4.28
4.40
4.49
4.71
6.14
6.33
6.69
8.36
9.00
7.90
7.72
8.10
10.44
9.89
8.37
8.11
8.78
9.87
12.74
16.97
13.78
4.43
5.37
4.75
4.60
4.26
4.37
4.49
4.70
6.04
6.53
6.88
8.46
9.14
7.72
7.66
7.97
10.29
9.54
8.25
8.21
9.14
11.17
13.17
16.96
12.63
4.35
5.14
4.82
4.52
4.23
4.42
4.48
4.75
6.11
6.87
7.00
8.94
8.97
7.67
7.46
7.95
9.22
9.48
8.17
8.26
9.30
11.52
14.10
15.53
11.89
4.44
5.27
4.94
4.58
4.28
4.49
4.49
4.92
5.98
6.93
7.28
9.22
8.13
7.54
7.50
8.09
9.47
9.59
7.90
8.39
9,30
11,30
14.38
15.55
12.15
3.74
4.57
5.19
4.48
4.50
4.25
4.45
4.46
5.12
S.4B
6.65
7.46
8.95
7.60
7.49
7,68
a.38
9.16
8.80
6.16
8.70
9.55
12.99
14.37
16.14
3.65
4.84
4.94
4.69
4.33
4.34
4.49
4.52
5.53
5.35
6.94
7.73
9.44
8.05
7.67
7.71
9.34
9.61
6.86
8.25
9.01
9.67
12.03
15.22
15.65
4.27
5.04
4.69
4.77
4,36
4.36
4.46
4.65
6.00
6.23
6.71
6.16
9.06
8.09
7.68
8,17
10.31
9.72
8.57
3.10
6.96
9.64
12.18
16,33
14.72
4.42
5.26
4.84
4,57
4,26
4.43
4.49
4.79
6.04
6.78
7.05
8.87
8.75
7.64
7.54
8.00
9.66
9.54
8.11
8.29
9.25
11.33
13.86
16.01
12.22
NOTE: These series contain no revisions but are reprinted for the convenience of the user..
Annual
®
<P ERCENT)
1949..
1950..
1951..
1952..
1953..
1954..
1955..
1956..
1957•.
1958..
1959..
I960,.
1961..
1962,.
1963..
1964..
1965..
1966..
1967.,
1968..
1969..
1970..
1971.,
1972..
1973..
1974..
1975..
1976..
1977,.
1978..
1979..
1980..
1981..
1982,.
1983..
IV Q
AVERAGE FOR 'ERIOD
1.16
YIELD ON LONG-TERM TREASURY BONDS
j.ll
III Q
1.15
(PERCENT)
1949..
1950..
19S1..
1952..
1953..
1954..
1955..
1956..
1957..
1958*•
1959..
I960..
1961..
1962..
1963..
1964.•
1965..
1966..
1967.,
1968..
1969..
1970.,
1971..
1972..
1973..
1974,.
1975..
1976..
1977..
1978..
1979..
1980,.
1981..
1982..
1983..
II Q
ffi>
2.67
3.22
2.64
2.60
3.04
3.42
2.90
3.17
3.68
4.45
4.02
4.93
4.92
4.63
4.36
4.34
4.47
4.61
5.67
6.08
6.84
8.06
9.05
7.85
7.59
7.89
9.42
9.51
8.59
8.20
8.98
10.05
12.77
15.48
14.68
(AUGUST 1983)
99
C. Historical Data for Selected Series—Continued
Y«ar
16.
IQ
III Q
IV Q
CORPORATE PROFITS AFTER TAXES IN CURRENT DOLLARS
(ANNUAL RATE, BILLIONS OF DOLLARS)
1949
1950
1951.....
1952
1953.,...
1954.,...
1955
1956
1957
1958
1959
1960
1961
1962..
1963
1964
1965
1966
1967
1968
1969
1970
1971.....
1972
1973
1974
1975
1976
1977
1978
1979
1980
,
1981
1982
1983
22.
«Q
I
20.6
19.0
25.3
20.7
22,4
19.6
26.3
27.6
28.4
20.5
28.9
29.6
24.7
30,4
31.5
38.2
44.2
49.8
46.1
48.1
49.6
41.8
45.7
56.2
73.8
82.4
69.4
100.7
114.9
129.6
161.2
166.2
152.2
112.9
18.2
22.7
21.6
19.6
22.4
20.2
26.7
28.1
27.3
20.9
31.3
27.4
26.0
30.4
33.2
38.1
45.9
49.8
46.1
49.3
48.0
41.6
47.3
56.6
76.8
85.0
73.2
102.3
121.3
144.1
164.5
139.4
138.6
117.4
18.9
27.7
19.7
19.5
21.8
21.4
27.5
26.5
26.7
23.3
28.1
26.4
27.5
31.3
34.0
39.1
46.4
49.4
47.2
49.5
46.2
42.1
50.8
59.0
76.6
90.9
88.3
103.5
126.6
149.9
169.6
146.9
144.0
116.5
18.5
30.4
21.1
21.4
17.1
23.0
28.5
28.0
24.4
26.7
27.4
25.2
29.6
32.2
34.8
38.7
48.9
48.5
49.4
50.7
45.0
39.6
52.3
63,9
79.0
82.2
95.2
103,4
125.3
1S9.9
165.0
146.7
141.7
113.5
RATIO OF PROFITS (AFTKR TAXES) TO TOTAL CORPORATE
DOMESTIC INCOME
(PERCENT)
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961..,..
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974..,..
1975
1976..,..
1977
1978
1979
1980
1981
1982
1983
34.
1949
1950.....
1951
1952
1953
1954
19S5
1956
1957
1958
1959
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
3,976
1977
1978
1979
1980.....
1981
1982
1983
16.3
15.2
16.1
12.1
12.1
10.9
13.4
12.7
12.2
9.3
11.9
11.1
9,3
10.5
10.1
11.4
12.2
12.6
10.9
10.5
9.6
7.5
7.8
8.7
10.0
9.6
8.1
10.7
11.2
10.9
11.6
10.3
9.0
6,2
14.9
17.1
13.2
11.6
12.0
11.2
13.2
12.8
11.6
9.5
12.4
jO.3
9.7
10.2
10.5
11.3
12.4
12,4
10.9
10.4
9.1
7.3
7.9
0.6
10.1
9.9
8.6
10.6
11*3
11.8
11,3
8.4
8,1
6.4
15.4
19.3
11.8
11.4
11.8
11.9
13.2
11.9
11.3
10.3
11.2
10.0
10.0
10.4
10.6
11.3
12.4
12.1
10.9
10,1
8.5
7.3
8.5
8.7
9.5
10.8
10.1
10.6
11.3
11.7
11.0
9.0
8.1
6.4
15.8
20.1
12.4
11.8
9.S
12.2
13,4
12.4
10.6
11.4
10.7
9.6
10.5
10.4
10.7
11.1
12.8
11.6
11.2
10.1
8.2
7.0
8.5
9.1
9.6
9.7
10.3
10.4
11.2
11.8
10.6
9.1
7.7
6.0
NET CASH FLOW, CORPORATE, IN CURRENT DOLLARS
(ANNUAL RATE, BILLIONS OF DOLLARS)
21.1
19.3
26.7
23.8
26.3
24.6
32.9
35.4
:)6.8
31.1
10.1
41.6
37.8
46.3
47.9
5!>.5
6..1
''.
6<i.l
6E1.9
73.4
78.4
74.5
81.6
97.2
,118., 9
,131.8
125.5
159.6
179.0
5104.7
244.5
264.2
271.?
25.I
.5.
18.9
23.0
23.2
22.4
26.1
26,2
33.8
36.0
36.1
31.2
42.8
39.7
39.5
46.1
50.1
55.2
64.0
70.4
69.3
75.0
77.9
75.2
84.6
101.0
123.3
135.8
131,5
159.9
189.6
221.4
252.6
241.3
263.1
266.3
19.8
27.5
21.8
22.7
26.3
27.5
35.1
34.5
36.1
34,1
39.4
38.8
40.8
47.4
51.1
56.4
6S.0
71.1
71.3
75.5
77.2
76.6
89.3
102.5
123,3
143.4
147.8
161.9
197.9
228.2
262.8
253.3
273.1
272.4
19.4
30.1
23.5
24.8
22.4
29.6
36.1
35.8
34.6
38.1
39.2
37.9
42.7
48.5
52.2
56.0
67.3
71.7
75.1
77.7
76.7
75.3
92.2
108.8
127.6
136.1
155.9
164,4
199.1
240.7
260.7
258.3
277.5
275.5
NOTE: These series contain revisions beginning with 1980.
100
Annual
Year
18.
AVERAGE
19.0
25.0
21.9
20.2
20.9
21.1
27.2
27.6
26.7
22.9
28.9
27.1
26.9
31.1
33.4
38.5
46.3
49.4
47.2
49,4
47.2
41.3
49.0
58.9
76.6
85.1
81.5
102.5
122.0
145.9
165.1
149.8
144.1
115.1
AVERAGE
15.6
17,9
13.4
11.7
11.4
11.6
13.3
12.4
11.4
10.1
11.6
10.2
9.9
10.4
10.5
11.3
12.4
12.2
11.0
10.3
e.e
7.3
8.2
8.8
9.8
10.0
9.3
10.6
11.2
11.6
11.1
9.2
8.2
6.2
IQ
1949
1950
1951
1952
1953
1954
1955
1956
1957
19S8
19S9
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975.
1976
1977
1978
1979
1980
1981
1982
1983
,
III Q
IV Q
38.4
35.0
42.8
34.2
36.4
31.3
42.0
42.1
34.0
29.5
40,6
41.0
34.3
41.8
42.8
51.3
58.7
64,8
58,0
58.5
57.8
46.3
48.3
56.9
72.4
75.2
55.1
75.1
81.9
86-5
99.3
93.3
79.1
55.3
33-5
41.8
36.3
32.1
36.1
32.2
42.5
42.6
39.3
29.9
43.8
37.9
36.0
41.6
45.0
51.1
60.8
64.2
57.7
59.2
55.2
45.5
49.3
57.0
74.1
74.9
57.0
75.8
85.1
94.2
99.0
76.9
70.2
56.8
34.9
49.7
33.0
32.1
35.0
34.2
43.1
39.6
38.3
33,3
39.1
36.5
37.9
42.8
46.0
52.3
61.1
63,3
58.6
58.9
52.5
45.5
52.4
58.8
72.8
77.2
67.5
75.7
87.3
96.2
99.8
79.3
72.0
56.0
34.2
53.4
34.9
34.9
27.4
36.7
44.3
41.2
34.8
37.8
38.2
35.0
40.8
43.8
47.0
SI.7
64.2
61.4
60.7
59.7
50.5
42.3
53.5
63.6
73.8
67.0
71.7
74.8
84.9
100.7
95.0
77.6
69.4
54.2
30. GROSS PRIVATE DOMESTIC INVESTMENT, CHANGF, IN BUSINESS
INVENTORIES, IN 1972 DOLLARS
{ANNUAL RATE, BIL. DOL.)
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
.
35.
AVERAGE
19.8
25-0
23.7
23.3
25.3
26.9
34.3
35.5
36.1
33.7
40.4
39.5
40.2
47.1
50.3
55.8
64.6
70.5
71.2
75.4
77.5
75.4
86.9
102.4
123.3
136.8
140.2
161.4
191.4
223.8
255.1
254.3
271.3
267.3
tQ
l
CORPORATE PROFITS AFTER TAXES IN 1972 DOLLARS
(ANNUAL RATE, BILLIONS OF DOLLARS)
1949
1950
1951
1952
1953
1954
1955
1956
1957.,...
1958
1959
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971.....
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
-0.3
4.4
13.4
7.3
3.9
-3.4
5.9
7.5
2.5
-6.8
5.5
12.7
-4.1
10.4
7.4
6.9
14.8
15.6
14.5
5.4
11.7
2.1
11.2
6.3
16.0
13.2
-14-3
10.0
10.5
17.3
12.9
-0.5
3.0
-10.2
-7.1
7.7
19.9
-2.7
5.1
-4.1
8.0
5.5
2.9
-6.2
12.6
3.3
1.8
8.1
7.9
7.4
11.3
17.1
7.3
12.2
11.8
5.0
10.4
12.1
15.2
12,6
-11.3
11.3
13.8
18.4
13.7
-2.1
8.9
-3.4
-2.S
8.0
14,6
5.4
1-9
-2.7
7.8
4.9
3.7
0.3
1.4
3.4
6.5
7.5
8.0
5.5
11.0
13.6
11.8
9.8
13.7
6.5
7.0
12.8
13.8
7.7
1.0
7.3
18.7
13.3
4.8
-10.1
16.1
-1.3
-7.7
22.1
7.0
7.2
-5.0
1.5
9.2
5.4
-3.0
5.3
8.7
-5.3
7.7
5.3
6.7
8.6
10.0
20.R
15.2
8.6
7.0
1.4
3.6
9.7
23.7
12.9
-2.3
2.4
10.1
15.2
-2.3
-4.7
6.0
-22.7
NET CASH FLOW, CORPORATE, IN 1972 DOLLARS
(ANNUAL RATE, BILLIONS OF DOLLARS)
40.6
36.9
46.2
39.9
43.5
40.1
53.4
53.9
45.2
43.4
55.1
56.6
51.5
63.0
64.8
74.8
82.9
90.4
87.2
89.5
91.8
82.8
85.9
98.3
117.0
121.7
98.0
116.6
124.3
132.9
146.6
145.3
138.0
121.1
36.1
43.5
39.8
37.4
42.9
42.7
54.6
54.1
50.9
43.5
58.6
54.0
53,8
62.7
67.9
74.2
85.3
91.3
87.0
90.6
90.2
82.6
88.1
101.5
119.7
120.7
100.3
115.7
129.8
140.9
148.3
129.5
130.2
124.9
37.9
50.8
36.9
38.0
42.8
44.7
55.1
SO.7
50.5
47.4
53.6
S2.7
55.6
64.4
69.2
7S.7
86.1
91.5
88.6
90.2
87.9
83.0
92.0
102.1
117.7
121.8
111.1
115.3
133,2
142.1
151.0
133.3
132.8
126.9
Annual
AVERAGE
35.2
45.0
36.8
33.3
33.7
33.6
43.0
41.4
36.6
32.6
40.4
37.6
37.3
42.5
45.2
51.6
61.2
63.4
58.7
59.1
54.0
44.9
50,9
59.0
73.3
73.6
62.8
75.4
84.8
94.4
98.3
81.8
72.7
55.6
AVERAGE
-4.4
10.6
13.7
4.3
1.5
-2.2
7.7
5.8
1.5
-1.8
7.0
3.5
3.0
7.8
7.5
7.1
11.8
16.8
12.2
9.0
11.1
3.8
fl.l
10.2
17.2
11,6
-6.7
7.8
13.3
16.0
7.3
-4.4
8.5
-9.4
AVERAGE
37.0
54.0
39.4
41.1
36,4
47.8
56.1
51.7
48.1
52.7
53.3
51.6
58.1
65.8
70.5
74,9
88.6
91.1
92.4
91.7
86.0
80.2
93.9
108.0
120.1
110.0
115.1
115.5
131.0
147.1
146.4
133.6
132.2
127.9
37.9
46.3
40.6
39.1
41.4
43.8
54.8
52.6
48.7
46.7
55. 2
53.7
54,7
64.0
68.1
74.9
85.7
91.1
88.8
90.5
89.0
82.1
90.0
102.5
118.7
118.5
106.1
115.8
129.6
140.7
148.1
135.4
133.3
125.2
(AUGUST 1983)
C. Historical Data for Selected Series—Continued
Year
1Q
III Q
II Q
IV Q
49. VALUE OF GOODS OUTPUT IN 1972 DOLLARS
(ANNUAL RATE, BILLIONS OF DOLLARS)
1949
1950.....
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
1963
1964
1965.
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979.....
1980
1981
.
1982
1983
243.4
250.1
275.4
289.1
306.2
294.3
304.4
321.8
324.6
302.9
327.1
342.9
325.3
358.5
366.5
387.2
412.8
451.6
459.5
471.4
495.6
487.2
497.3
508.4
570.7
566.2
530.0
581.3
612.9
636.9
681.4
684.6
691.2
668.1
239.4
255.7
281.4
286.4
310.2
287.0
315.1
321.0
322.8
303.6
337.5
338,3
335.1
360.1
369.4
392.6
415.5
453.3
461.6
482.9
496,8
489.2
494.1
526.3
568.7
567.8
540.2
587.0
625.2
662.2
671.9
661.2
692,3
664.6
•
241.6
266.8
288,8
290.9
307.6
290.4
321.6
319.4
325.0
314.8
330.0
336.5
341.0
363.4
374,0
396.5
423.9
456.8
464.5
489.7
498-3
492.7
497.2
536.0
568.4
564.4
558.6
589.0
636.9
666.4
678.7
658.7
703.2
661.6
AVERAGE
236.6
273.4
289.3
302.0
302.9
298.9
325.9
321.4
314.4
325.1
335,5
325.6
350.5
363.3
378.9
398.8
438.2
464.0
468.0
488.3
493.2
478.4
500.3
547.8
581.4
551.6
560.9
591.2
637.2
682.3
678.7
668.0
683.7
652.1
68. LABOR COST (CURRENT DOLLARS) PER UNIT OF REAL GROSS
DOMESTIC PRODUCT, NONFINANCIAL CORPORATIONS
(DOLLARS)
1949
1950
1951
1952
1953
1954
1955...,.
1956
1957
1958
1959
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971.....
1972.
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
0.388
0.384
0.401
0.422
0.435
0.451
0.435
0.458
0,479
0.502
0.490
0.499
0.511
0.499
0.499
0.492
0.496
0.504
0.535
0.550
0.577
0.624
0.635
0.653
0.669
0.743
0.842
0.853
0.913
0.975
1.053
1.174
1.272
1.374
0,389
0.380
0.409
0.428
0.438
0.449
0.435
0.464
0.481
0.500
0.488
0.508
0.506
0.504
0.493
0.496
0.495
0.514
0.535
0.555
0.588
0.628
0.642
0.658
0.683
0.773
0.832
0.870
0.920
0.982
1.079
1.215
1.290
1.394
0.384
0.382
0.409
0.433
0.440
0.444
0.440
0.471
0,486
0.498
0.498
0.505
0,503
0.500
0,491
0.498
0.498
0.519
0.540
0.559
0.598
0.631
0.644
0.661
0.697
0.804
0.829
0.884
0.928
1.007
1.107
1.227
1.306
1.403
0.390
0.387
0.412
0.435
0.451
0.442
0.446
0,477
0.492
0.491
0.499
0.508
0.497
0.497
0.494
0.501
0.497
0.525
0.540
0.566
0.611
0.641
0.645
0.665
0.716
0.825
0.844
0.903
0.950
1.025
1.136
1,255
1.342
1.419
80. CORPORATE PROFITS AFTER TAXES WITH IVA AND CCADJ IN
1972 DOLLARS2
(ANNUAL RATE, BILLIONS OF DOLLARS)
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961..,..
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975..,,.
1976
1977
1978
1979
1980
1981
1982
1983
33.6
27,0
19,9
28.7
28.7
25.8
36,5
34.1
32.2
25.3
35.2
36.9
32.1
44.2
46.7
55.3
63.2
68.4
62.5
58.1
57.1
41.0
45.8
53.9
60.8
47.3
36.8
58.1
57.7
65.7
69,0
52.7
53.8
49.9
31.5
28.3
27.0
26.4
26.8
26.9
37.7
32.8
32.3
25.7
39.1
34.2
35.5 '
43.4
48.9
55.1
64.8
65.9
61.2
61.1
53.9
42.9
45.4
53.5
55.0
41.4
43.6
54.4
66.6
71.8
66.1
52.0
53.5
51.1
33.3
28.9
31.1
25.9
25.5
28.1
37.2
32.6
32.0
28.1
35.0
34.5
36.4
44.2
49.4
55,3
64.9
64.0
61.8
60.5
51.9
40.8
47.9
55,4
55.0
29.6
50.6
54.4
74.2
72.8
65.1
48.3
57.2
51.9
Annual
27.5
30.5
29.7
28.9
21.9
31.1
36.8
31.1
29.2
31.8
36.0
32.9
38.6
46.9
49.6
55.0
66.6
66.2
63.2
59.5
45.5
37.2
50.5
57.2
55.6
32.1
54.8
53.1
65.4
73.9
57.6
47.0
57.4
51.6
240.3
261.5
283.7
292.1
306.8
292.7
316.7
320.9
321.7
311.6
332.5
335.8
338.0
361.3
372.2
393.8
422.6
456.4
463.4
483.1
496.0
486.9
497.2
529.6
572.3
562.5
547.4
587.2
628.1
662.0
677.7
668.1
692.6
661.6
AVERAGE
0.388
0.383
0.408
0.430
0.441
0.446
0.439
0.467
0.484
0.497
0.494
0.505
0.504
0.500
0.494
0.497
0.497
0.515
0.538
0.558
0.594
0.631
0.641
0.659
0.692
0.786
0.837
0.878
0.928
0.998
1.094
1.218
1,302
1.397
AVERAGE
31.5
28.7
26.9
27.5
25.7
28-0
37.0
32.6
31-4
27.7
36.3
34.6
35.6
44.7
48.6
55.2
64.9
66.1
62.2
59.8
52.1
40.5
47.4
55.0
56.6
37.6
46.4
55.0
66.0
71.0
64.4
50.0
55.5
51.1
Year
1949.
1950.
1951.
1952.
1953.
1954.
1955.
1956.
1957.
1958.
1959.
1960.
1961.
1962.
1963.
1964.
1965.
1966.
1967.
1968.
1969.
1970.
1971.
1972.
1973.
1974.
1975.
1976.
1977.
1978.
1979.
1980.
1981.
1982.
1983.
III Q
IV Q
7.3
10,4
12.1
9.2
12,3
11.1
14.2
14,0
15.4
12.3
15.3
16.4
13.6
17.0
19.8
21.7
25.6
27.0
22.9
28.0
30.7
27.8
32.8
36.1
44.2
34.2
34.6
48.5
56.9
56.4
66.8
68.3
73.2
70.4
9.3
10.9
10.3
9.5
12.2
11.6
16.0
13.2
15.0
12.0
16.4
16.9
14.2
18.0
20.6
21.9
24.8
24.0
25.5
28.5
30.0
29.0
33.7
37.4
43,0
34.4
34.8
49.4
57.0
65.3
62.4
52,6
66.4
71.4
9.6
13.2
9.3
7.5
12.0
10.8
16.9
12.9
14.1
11.9
17,1
17.1
14.9
17.7
20.6
23.0
25.4
24.8
25.0
30.6
30.5
29.0
34.3
38.6
41.0
38.0
40.5
49.9
58.0
64.8
66.8
61.0
73.7
74.0
o
9.6
12.3
8.8
10.9
11.5
11.8
15.7
14.1
14.4
12.7
14.8
16.0
16.3
19.2
21.1
20.6
2S.4
24.6
24.6
30.1
30.0
23.3
35.7
40.9
36.8
32.6
43.0
52.1
57.9
66.0
63.2
65.1
64.0
79.7
79. CORPORATE PROFITS AFTER TAXES WITH IVA AND CCADJ IN
CURRENT DOLLARS1
(ANNUAL RATE, BILLIONS OF DOLLARS)
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
18.1
14.7
11.9
17,4
17.7
16.2
22.9
22.3
22.1
17.6
25.1
26.6
23.2
32.1
34.4
41.1
47.5
52.5
49.6
47.8
49.1
37.0
43.4
53.2
62.1
52.2
45.9
77.5
80.4
97.7
111.2
92.6
103.1
101.7
17.0
15.6
16.0
16.1
16.8
16.9
23.9
21.7
22.3
18.0
27.9
24.7
25.6
31.6
36.0
41.1
48.9
51.2
49.0
50;, 7
46.9
39.2
43.6
53.3
57.1
47.2
55.6
72.9
94.5
109.4
109.0
93.5
104.6
105.3
17.9
16.4
18.6
15.7
16.0
17.S
23.8
21.8
22.3
19.8
25.0
24.9
26.4
32.2
36.5
41.4
49.2
50.0
49.7
50.8
45.7
37,8
46.4
55.6
58.2
35.0
65.7
73.7
107.2
112.8
109.7
88.6
113.8
107.6
14.8
17.4
18.0
17.7
13.7
19.5
23.7
21.0
20.4
22.4
25.9
23.7
28.0
34.4
36.8
41.2
50.7
52.1
51.3
50.6
40.7
34.9
49.4
57.9
59.7
38.8
72.3
72.9
96.1
116.6
98.9
87.9
116.5
107.9
81. RATIO OF PROFITS (AFTER TAXES) WITH IVA AND CCADJ TO
TOTAL CORPORATE DOMESTIC INCOME
(PERCENT)
1949
1950
1951....
1952
1953
1954....
1955
1956..-.
1957
1958....
1959
1960
1961....
1962
1963
1964
1965....
1966
1967
1968
1969
1970
1971
1972....
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982....
1983
NOTE: Unless otherwise noted, these series contain revisions beginning with 1980.
'This series contains revisions beginning with 1946. 2 This series contains revisions beginning with 1947.
II Q
IQ
55. PERSONAL CONSUMPTION EXPENDITURES, AUTOMOBILES
(ANNUAL RATE, BILLIONS OF DOLLARS)
14.2
11.6
7.0
10.0
9.3
8.9
11.5
10,0
9.3
7.8
10.2
9,8
8.6
11,2
11.1
12.3
13.2
13.3
11.8
10.4
9.5
6.4
7.3
8.2
8.1
5.1
4.8
7.9
7.3
7.7
7.4
4.5
5.5
5.5
.
13.8
11.5
9.5
9.4
8.7
9.2
11.6
9.6
9.2
8.0
10.9
9.1
9.5
10.7
11.5
12.2
13.3
12.7
11,6
10.7
8.8
6.8
7.1
8.0
7.0
4.4
6.1
7.1
8.4
B.6
6.7
4.8
5.7
5.6
14*6
11.0
11.1
8.9
8.3
9.5
11.3
9.5
9.2
8.6
9.8
9.4
9.5
10.8
11.5
12.1
13.2
12.2
11.5
10.4
8.4
. 6.5
7.6
8.1
6.6
2.7
7.1
7.0
9.3
8.4
6.1
4,5
6.1
5.8
12.6
11.1
10.5
9.6
7.4
10.1
10.9
8.9
8.7
9.4
10.0
8.9
9.9
11.3
11.3
11.9
13.3
12.5
11.6
10.1
7.3
6.1
7.9
8.1
6.7
3.5
7.3
6.8
8.2
8.1
5.2
4.8
6.0
5.6
Annual
AVERAGE
9.0
11.7
10.1
9.3
12.0
11.3
15.7
13.5
14.7
12.2
15,9
16.6
14.8
18.0
20.5
21.8
25.3
25.1
24.5
29.3
30.3
27.3
34.1
38.2
41.2
34.8
38.2
50.0
57.5
63.1
64.8
61,8
69.3
73.9
AVERAGE
16.9
16.0
16.1
16.7
16.0
17.5
23.4
21.8
21.8
19.5
26.0
24.9
25.8
32.6
35.9
41.2
49.1
51.4
49.9
50.0
45.6
37.2
45.7
55.0
59.3
43.3
59.9
74.3
94.6
109.1
107.2
90.6
109.5
105.6
AVERAGE
13.8
11.3
9.5
9.5
8.4
9.4
11.3
9.5
9.1
8.4
10.2
9,3
9.4
11.0
11.4
12.1
13.2
12.7
11.6
10.4
8.5
6.4
7.5
8.1
7.1
3.9
6.3
7.2
8.3
8.2
6.4
4.6
5.R
5.6
(AUGUST 1983)
101
C. Historical Data for Selected Series—Continued
Year
82.
IV Q
II Q
RATE OF CAPACITY UTILIZATION, MANUFACTURING 1
(PERCENT)
76.9
75.6
88.3
84.6
91.0
80.8
84.5
87.6
86.5
74.1
81.4
84,5
73.8
81.2
fl2.3
84.5
38.9
91.1
88.2
87.1
87.3
SI. 7
77.9
81.3
87.2
85.5
70.3
78.5
80.9
82.4
07.2
83.8
80,6
72.9
1949...
1950...
1951...
1952...
1953...
1954...
1955...
1956...
1957...
1958...
1959...
1960...
1961...
1962...
1963...
1964...
1965...
1966. ..
1967...
1968...
1969...
1970...
1971..,
1972..,
1973...
1974...
1975...
1976...
1977...
1978...
1979...
1980...
1981. ..
1982...
1983...
86.
73.5
81.1
87.4
82.9
91.3
79.7
87.4
86.5
84.6
72.4
84.6
81.3
76.4
81.3
83.8
85.5
89.4
91.6
86.6
87.4
86.6
80.4
78.3
82.8
87.6
85.4
70.7
79.5
82.3
84.2
86.2
78.3
80.8
71.6
73.8
87.0
84.1
84.2
90.0
79.1
87.5
84.2
83.9
75.4
80.5
78.9
78.4
81.6
83.6
86.1
89.9
91.2
85.9
86.9
86.6
79.3
78.1
83.7
87.7
85.1
74.6
80,1
82.7
85.5
85.7
76.4
80.3
71.0
72.4
87.5
83.5
89.8
84.7
80.8
88.6
86.3
79.4
78.2
80.1
75.8
80.6
81.6
84.2
86.5
90.0
90.6
86.9
86.9
85.0
76.7
79.4
86.0
87.5
79.1
76.1
80.2
82.9
86.6
84.8
79.7
75.9
69.0
NONRE'.SIDENTIAL FIXED INVESTMENT, TOTAL, IN 1972
DOLLARS
{ANNUAL RATE, BILLIONS OF DOLLARS)
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
19S9
1960
1961
1962
1963
1964
1965
1966
196?
1968
1969..,..
1970
1971
1972
1973
1974
1975
1976
1977
1978.....
1979
1980
1981
1982
1983
49.3
44.8
51.8
S3.1
55.6
55.3
56.6
64.3
66.1
61.5
61.1
67.4
65.2
70.0
71.8
79.3
91.7
106.7
105.8
109.9
115.1
115.4
110.8
117.3
132.8
140.3
120. 7
122.0
134.5
148.5
168.0
171.8
170.9
173.6
46.8
46.9
53.0
53.6
55.9
54.8
60.2
65.3
65.9
§8.8
§3.1
67.8
66.3
72.2
74.1
81.6
95.6
108.1
10S.5
107.4
116,2
115.0
112.1
119.1
136.3
139.2
117.8
124.1
138.8
157.9
168.0
162.2
173,4
167.1
44.4
53.0
53.9
48.9
57.0
56.0
63.2
66.2
67.3
57.6
65.0
66.2
66.5
73.3
76.1
83.9
98.9
109.0
104.8
108.6
118.5
114.7
112.2
120.4
140.5
135.2
119.2
127.4
141.2
161.6
172.9
163.6
177.0
163.3
43.5
53.3
52.8
52.8
56.7
55.6
65.2
65.7
65.7
59.3
65.1
66.3
68.6
72.5
78.2
86.0
103.4
108.2
106.3
112.3
117.4
110.3
113.6
127.2
140.7
129,1
119.6
128.9
146.5
165.2
170.9
165.7
176.3
160.5
18. NONRES3;DE^fTIAL FIXED INVESTMENT, PRODUCERS' DURABLE
EQUIPMENT, IN 1972 DOLLARS
(ANN. RATE, B I L . DOL.)
1949.
1950.
1951.
1952.
19S3.
1954.
1955.
1956.
1957.
1958.
1959.
1960.
1961.
1962.
1963.
1964.
1965.
1966.
1967.
1968.
1969.
1970.
1971.
1972.
1973.
1974.
197S.
1976.
1977.
1978.
1979,
1980.
1981.
1982.
1983
,t
30.6
26.9
31.4
32.9
33.6
31.8
32.1
36.9
37.6
33.7
34.8
3B.1
34.6
39.6
41.2
46.5
54.1
62.9
S3.0
56.9
71.1
71.1
*>7.7
*'3.8
(16.3
*3.6
E:2.2
62.8
95.6
106.7
121.3
120.9
12D.8
115.3
28.5
30.1
31.9
33.2
33.4
31.1
35. X
36.9
37.4
31.9
35.9
38.0
36.2
40.6
42.1
47.4
55.0
64.9
63.8
65.1
71.7
70.7
69.2
75.1
90.9
93.0
80,2
84.6
98,6
113.1
119.7
113.7
121.7
113.1
26.9
33.3
32.9
28.3
34.4
32.3
37.3
37.4
38.9
31.4
37.1
37.0
36.5
40.6
43.9
48.9
58.0
64.9
62.9
66.4
72.6
70.8
69.2
76.
92.
93.
80.9
87.7
99,9
115.9
122.5
116.1
123.5
110.3
Annual
Year
II Q
(FRB)
26.5
33.0
32.7
31.4
33.6
31.8
38.8
37.0
37.3
32.9
37.2
35.7
33.6
40.5
45.5
50.4
60.0
65.5
64.9
68.7
72.0
67.0
71.3
82.1
92.9
33.2
81.1
89.4
105.4
119.0
119.7
117.4
121.8
108.3
74.2
82.8
85.8
65.4
89.2
80.1
87.0
86.2
83.6
75.0
81.6
80.1
77.3
81.4
83.5
85.6
89.6
91.1
86.9
87.1
86.4
79.5
78.4
83.4
87.5
63.8
72.9
79.6
82.2
84.7
86.0
79.6
79.4
71.1
87.
AVERAGE
46.0
50.0
52.9
52.1
56.3
55.4
61.3
65.4
66.2
59.3
63.6
66.9
66.7
72.0
75.1
82.7
97.4
108.0
105.6
109.5
116.8
113.8
112.2
121.0
138.1
135.7
119.3
125.6
140.3
158.3
169.9
165.8
174.4
166.1
102
IV Q
Annual
74.4
87.0
93.5
79.7
92.4
79.8
92.4
90.7
85.4
71.1
89.5
80.9
76.5
81.1
85.0
87.1
91.2
92.0
85.2
87.8
88.2
82.7
82.2
86.1
91.8
88.9
70.3
81.2
83.1
85.0
87.7
79.2
81.9
70.7
75.4
92.6
88.6
83.5
90.4
79.7
93.4
85.0
85.3
77.1
77.8
78.0
80.7
80.7
83.6
88.. 7
91.7
91.9
85.1
87,2
88.8
82.6
80.5
87.4
92.3
68.4
74.6
81.9
82.6
86.4
87.5
75.6
82.0
69.4
74.7
93,5
85.3
90.7
83.5
83.3
93.9
89.2
80.0
80.8
79.8
73.7
82.6
81.3
84.8
89.8
90.2
90.1
86.3
87.3
87.9
80.0
81.3
89.7
91,5
81.0
77.0
81.3
82.9
83.3
86.7
80.6
76.2
67.1
76.2
88.4
90.2
84.8
89.4
60.6
92.0
B9.4
84.7
75.4
flS.O
79.8
77.9
81.5
B3.8
87.8
91.0
91.4
86.0
87.3
88.3
82.4
81.4
86.9
91.7
87,0
73.2
81.0
82.6
85.6
87.6
80.4
80.7
70.0
NONRESIDENTIAL FIXED INVESTMENT, STRUCTURES, IN 197 2
DOLLARS
(ANNUAL RATE, BILLIONS OF DOLLARS)
18.7
18.0
20.4
20.2
22.0
23.5
24.5
27.3
28.5
27.9
26.3
29.3
30.6
30.4
30.6
32.8
37.6
43.8
42.8
43.0
44.1
44.2
43.2
43.5
45.9
46.6
38.6
39.2
38.9
41.9
46.6
50.9
50.1
54.3
1949.
1950.
1951.
1952.
1953.
1954.
1955.
1956.
1957.
1958.
1959.
1960.
1961.
1962.
1963.
1964.
1965.
1966.
1967.
1968.
1969.
1970.
1971.
1972.
1973.
1974.
1975,
1976.
1977.
1978.
1979.
1980.
1981.
1982.
1983.
18.3
18.7
21.1
20.4
22.5
23.7
25.0
28.4
28.5
26.9
27.2
29.0
30,1
31.6
32.1
34.3
40.7
43.2
41.7
42.4
44.5
44.3
42.9
43.9
47.3
45.2
37,6
39.4
40.2
44.7
48.2
46.4
51.6
54.0
17.5
19.7
21.0
20.6
22.6
23.7
25.9
28.8
28.4
26.2
28.0
29.2
30.1
32.7
32.3
35.1
40.9
44.1
41.9
42.1
45.9
43.9
43.0
44.0
48.3
41.8
38.3
39.8
41.3
45.7
50.4
47.5
53.5
53.0
17.1
20.4
20.1
21.4
23.1
23.7
26.4
28.8
28.3
26.4
27.9
30.6
29.9
31.9
32.8
35.6
43.4
42.7
41.5
43,6
45.4
43.3
42.3
45.2
47.9
40.8
38.5
39.5
41.2
46.2
51.2
48.3
54.6
52.2
17.9
19.2
20.7
20.6
22.6
23.6
25.4
28.3
28.4
26.8
27.4
29.5
30.2
31.6
31,9
34.4
40.6
43.4
42.0
42.0
45.0
43.9
42.6
44.1
47.4
43.6
38.3
39.5
40.4
44.6
49.1
46*8
52.5
53.4
IENTIAL FIXED INVESTMENT, TOTAL, IN 1972 DOLLARS
(ANNUAL RATE, BILLIONS OP DOLLARS)
AVERAGE
28,1
30.8
32.2
31.5
33.7
31.8
3S.9
37.0
37.8
32.5
36.2
37.4
36. S
40.4
43.1
4S.3
56.3
64.5
63.6
66.8
71.8
69.9
69.3
76.9
90.7
92.1
81.1
86.1
99.9
113.7
120.8
117,0
121.9
112.7
80.3
80.7
93.6
85.5
91.3
79.6
88.3
92.8
88.2
72.6
84.8
86.6
71.9
82.9
81.8
85.7
91.0
91.8
87.4
86.8
88.2
84.5
81.6
84.4
91.3
89.8
71.0
79.8
81.6
82.5
83.6
86.2
82.7
73.0
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981.....
1982
1983
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
.
VOTE: Unless otherwise noted, these series contain revisions beginning with 1980.
This series contains revisions beginning with 1968. 2 This series contains revisions beginning with 1967.
III Q
RATE OF CAPACITY UTILIZATION, MATERIALS
(PERCENT)
22.3
30.3
31.4
26.0
28.0
27.3
35.2
32.1
29.9
28.2
37.1
37.3
32.9
36.4
39.5
45.6
42.9
42.4
32.3
41.9
45.6
40.6
47.8
62.4
66.9
52.8
39.4
49.4
56.7
60,9
60.7
53.0
48.3
36.3
22.0
33.2
27.1
26.5
23.2
29.0
35.7
31.9
29.2
28.2
38.4
34.1
33.1
38.0
42.6
43.4
43.6
39.8
36.1
43.0
45.0
38.4
52.6
63.4
63.7
50.1
40.
50.
61.2
63.7
59.6
42.4
47.3
37.8
23.9
35.0
25.3
26.2
27.1
30.8
34.9
31.2
28.9
30.2
37.6
32.9
34.9
38.3
43.1
42.1
42.5
37.7
38.4
43.3
43.2
40.4
56.0
63.7
61.1
47.4
43.1
49.9
62.8
63.1
59.5
44.0
43.1
36.5
26.9
33.3
25.5
27.6
26.9
32.7
33.3
30.7
29.0
33.5
36.4
32.7
36.3
38.2
44.7
41.4
41.9
33.0
41.5
44.0
40.5
44.5
58.2
65.7
57.4
42.4
45.9
55.0
61.9
61.8
56.7
49.0
39.4
40.6
23.8
33.0
27.3
26.6
27.5
29.9
34.8
31.5
29.2
30.0
37.4
34.2
34.3
37.7
42.5
43.1
42.7
38.2
37.1
43.1
43.6
41.0
53.7
63.8
62.3
43.2
42.2
51.2
60.7
62.4
59.1
47.1
44.7
37.8
(AUGUST 1903)
C. Historical Data for Selected Series—Continued
Year
II Q
III Q
IV Q
Annual
Year
52.9
52.2
56.8
57.6
58.8
59.4
60.3
61.9
64.4
65.6
67.0
68.4
68.9
70.2
71.4
72.4
73.8
75.7
78-2
81.2
85.0
89.9
94.4
98.7
103.0
110.7
122.9
130.1
136.8
145.1
158.6
171.9
189.8
203.4
1949.
1950.
1951.
1952.
1953.
1954.
1955.
1956.
1957.
1958.
1959.
1960.
1961.
1962.
1963.
1964.
1965.
1966.
1967.
1968.
1969.
1970.
1971.
1972.
1973.
1974.
1975.
1976.
1977.
1978.
1979.
1980.
1981.
1982.
1983.
52.4
52.6
57.0
57.6
58.8
59.6
60.6
62.4
64.6
65.8
67.6
68.6
69.2
70.5
71.5
72.6
74.1
76.6
78.5
82.1
86.1
91.1
95.7
99.4
104.8
113.5
124.4
131.3
139.0
148.9
161.9
176.5
192.6
206.2
52.3
54.2
57.0
57.9
59.0
59.4
61.0
63.1
65.3
66.2
67.8
68.9
69.5
70.6
71.7
73.0
74.6
77.0
79.3
82.8
87.5
91.8
96.5
100.2
106.5 •
116.4
126.7
132.9
141.0
152.0
165.1
180.2
196.9
208.0
52.3
55.1
57.6
58.6
58.7
59.8
61.4
63.7
65.4
66.5
68.0
69.0
69.6
71.1
72.2
73.2
75-0
77.8
80.1
84.0
88.6
93.0
97.4
101.5
108.7
119.8
129.0
135-0
143.2
155.4
168.1
185.1
201.2
210.0
52.5
53.6
57.1
57.9
58.8
59.6
60.8
62.8
64.9
66.0
67.6
68.7
69.3
70.6
71.7
72.8
74.4
76.8
79.1
82.5
86.8
91.4
96.0
100.0
105.8
115.1
125.8
132.3
140.1
150.4
163-4
178.4
195.1
206.9
618.
1949.
1950.
1951.
1952.
1953.
1954.
1955.
1956.
1957.
1958.
1959.
1960.
1961.
1962.
1963.
1964.
1965.
1966.
1967.
1968.
1969.
1970.
1971.
1972.
1973.
1974.
1975.
1976.
1977.
19781979.
1980.
1981.
1982.
1983.
57.0
55.9
61.3
62.0
63.0
63.6
64.2
65.8
68.5
69.7
73.2
74.1
75.0
75.5
76.2
76.6
77.6
79.0
81.2
83.7
87.2
91-4
95.3
98.9
102.8
111.6
123.8
131.4
138.7
147.6
162.5
179.0
197.0
211.4
56.5
56.4
61.6
62.0
63.0
63.8
64.4
66.4
68.8
69.8
73.5
74.5
75.1
75.7
76.2
76.8
77.9
79.7
81.5
84.6
88.4
92.4
96.5
99.5
104.7
114.2
125.5
132.7
141.0
151.6
166.7
183.2
200.9
213.8
56.3
58.0
61.
62.4
63.2
63.5
64.9
67.2
69.4
70.1
73.8
74.7
75.2
75.8
76.3
77.0
78.2
80.3
82.3
85.2
89.5
93.0
97.3
100.3
106.7
117.8
128.0
134.5
142.8
155.0
170.6
187.5
205.3
216.8
56.2
59.2
62.0
63.0
62.9
63.9
65.3
67.7
69.4
70.3
• 74.0
74.9
75.2
76.0
76.6
77.2
78.3
80.8
82.9
86.2
90.5
94.3
98.0
101,3
108,7
121.4
130.1
136.5
145*, 5
159.0
174.3
192,1
208,9
218.8
MERCHANDISE EXPORTS, ADJUSTED, EXCLUDING MILITARY
GRANTS 2
(MILLIONS OF DOLLARS)
4,685
5,095
5,077
5,063
6,242
5,768
7,242
7,752
7,997
7,468
10,258
10,920
11,833
15,474
22,614
27,480
27,575
29,668
30,947
42,036
54,752
60,793
55,636
4,916
4,806
5,336
5,599
6,199
6,876
7,169
7,693
8,325
9,536
10,744
10,878
11,618
17,112
24,500
25,866
28,256
3.0,852
35,392
43,834
55,843
60,031
54,996
5,031
5,038
5,331
5,671
6,423
6,643
7,290
7,531
8,744
9,400
10,665
11,548
12,351
18,271
24,629
26,109
29,056
30,752
36,811
47,236
55,786
57,812
52,241
5,018
5,169
5, 037
5,939
6,637
7, 174
7,609
7,690
8,560
10,010
10,802
9,973
13,579
20,553
26,563
27,633
29,858
29,544
38,904
51,367
57,856
58,383
48,344
-0.7
12.4
-0.1
2.4
1.4
-0.9
2.6
.6
.0
.3
.5
.8
1.8
0.8
1.1
2.2
2.4
2.1
3.9
3.4
6.6
3.2
3-5
3.4
7.0
10.8
7.4
4.9
5.9
8.7
8.3
8.9
9.4
3.7
0.0
6.5
4.2
4.7
-1.8
2.1
2.4
3.5
0.5
1.9
1.2
0-5
0.7
2.6
2.9
1.0
2.2
4.0
4.4
5.7
5.3
5.5
3.7
5.2
8.6
12.1
7.5
6.5
6.4
9.1
7.3
11.3
9.0
3.8
311C. CHANGE FROM PRECEDING PERIOD IN FIXED-WEIGHTED
PRICE INDEX
(ANNUAL RATE, PERCENT)
56.5
57.4
61-6
62.4
63.0
.63.7
64.7
66.8
69-0
70.0
73.6
74.5
75.1
75.7
76.3
76.9
78.0
79.9
82.0
84.9
88.9
92.8
96.8
100.0
105.7
116.2
126.8
133.8
142.1
153.5
168.7
185.5
203.0
215.2
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1961
1982
1983
620.
TOTAL
12,213
10,203
14,243
13,449
12,412
12,929
14,424
17,556
19,562
16,414
16,458
19,650
20,108
20,781
22,272
25,501
26,461
29,310
30,666
33,626
36,414
42,469
43,319
49,381
71,410
98,306
107,088
114,745
120,816
142,054
184,473
224,237
237,019
211,217
'
-3.4
3.5
2.1
0.0
-0.2
1.1
1.4
3.3
1.5
0.9
1.6
1.9
0.3
0.8
0.1
0.7
1.8
3-5
1.7
4.4
5:3
4.5
5.0
2.5
7.5
9.9
5.6
4.2
6.8
-3.0
-2.0
15.1
-0.1
0.1
4.9
2.2
3.1
4.6
1.3
3.4
0.5
0.6
1.6
0.8
0.4
1.8
3.3
1.7
3.8
4.7
4.1
4.6
3.7
5.8
11.2
8.0
3.8
6.5
5.9
9-1
11.0
10.6
4.9
11.4
10.8
9.7
8.1
4.5
-1.5
11.6
-1..2
2.5
1.8
-1.5
2.7
5.0
4.0
1.4
1.6
1.2
0.7
0.8
1.4
2.9
3.6
3.1
5.1
2.5
3.3
3.'1
7.9
13.0
8.2
5.4
5.2
9.3
9.8
9.9
9.2
5.8
-0.6
8.5
4.2
3.6
-2.4
2.1
2.7
3.4
0.1
1.2
1.2
1.1
0.1
1.1
1.3
1.0
0.9
3.0
3.1
4.9
4.8
5.6
2.9
4.4
7.6
12.9
7.0
6.3
7.9
10.7
8.8
10.1
7.2
3.R
MERCHANDISE IMPORTS, ADJUSTED, EXCLUDING MILITARY 3
.(MILLIONS OF DOLLARS)
1949.
1950.
1951.
1952.
1953.
1954.
1955.
1956.
1957.
1958.
1959.
1960.
1961.
1962.
1963.
1964.
1965.
1966.
1967.
1968.
1969.
1970.
1971.
1972.
1973.
1974.
1975.
1976.
1977.
1978.
19791980.
1981.
1982.
1983.
NOTE: Unless otherwise noted, these series contain revisions beginning with 1980.
'Year-to-year percent changes are computed from annual data. 2 This series contains revisions beginning
contains revisions'beginning w i t h 1974.
-3.5
3.4
1.6
-0.1
0.3
•1.4
2.6
3.4
1.5
1.0
3.1
0.7
2.0
1.5
0.3
1.2
2.0
4.7
1.5
5.0
5.4
5.4
5.6
2.9
7.2
10.3
5.2
3.7
6.6
10.8
8.5
10.9
5.9
5.6
-3.8
-0.9
13.0
0.0
1.2
4.5
3.4
3.4
4.6
116
3.5
2.6
-0.4
3.4
1.8
1.1
3.4
4.1
2.6
5.1
4.7
5-8
6.0
5.6
5.7
7.5
10.7
3.6
5.5
5.3
8.5
9.6
10.6
4.3
1949...
1950...
1951...
1952...
1953...
1954...
1955...
1956...
1957...
1958...
1959...
1960...
1961...
1962...
1963...
1964...
1965...
1966...
1967...
1968...
1969...
1970...
1971...
1972...
1973...
1974,..
1975...
1976...
1977...
1978...
1979...
1980...
1981...
1982...
1983...
FIXED-WEIGHTED PRICE INDEX, GROSS DOMESTIC BUSINESS
PRODUCT
(INDEX: 1972=100)
1949.
1950.
1951.
1952.
1953.
1954.
1955.
1956.
1957.
1958.
1959.
1960.
1961. . . .
1962.
1963.
1964.
1965.
1966.
1967.
1968.
1969.
1970.
1971.
1972.
1973.
1974.
1975.
1976.
1977.
1978.
1979.
1980. . . .
1981.
1982.
1983.
IV Q
II Q
CHANGE FROM PRECEDING PERIOD IN IMPLICIT PRICE
DEFLATOR, <3NP
(ANNUAL RATE, PERCENT)
IMPLICIT PRICE DEFLATOR, GROSS NATIONAL PRODUCT
(INDEX: 1972=100)
Annual
PERCENT
CHANGE 1
-0.9
2.1
6.6
1.4
1.6
1.2
2.2
3.2
3.4
1.7
2.4
1.6
0.9
1.8
1.5
1.5
2.2
3.2.
3.0
4.4
5.1
5.4
5.0
4.2
5.R
8.8
9.3
5-2
5.8
7.4
8.6
9.2
9.4
6.0
PERCENT
CHANGE'
-0.9
1.6
7,3
1.3
1.0
1.1
1.6
3.2
3.4
1.4
2.0
1.2
0.8
O.S
0.7
O.B
1.4
2.5
2.6
3.6
4.7
4.4
4.3
3.3
5.7
9.9
9.2
5.5
6.2
8.0
9.9
9.9
9.5
6.0
TOTAL
6, 874
3,812
3,394
3,966
4,064
4,416
4.711
6,012
6,708
7,796
7,444
9,587
10,600
13,501
16,285
21,952
24,980
28,176
36,585
42,110
46,816
64,483
65,275
61,739
1th 1981.
3,858
3,438
4,080
4,226
4,598
• 5,428
6,195
6,475
8,051
9,527
9,766
II1, 614
13,254
17,168
26,346
22,832
30,182
38,063
43,754
51,171
62,414
67,373
60,850
3
This series
3,648
3,809
4,116
4,372
4,756
5,516
6,576
6,526
8,612
9,380
10,049
12,171
14,022
17,683
27,368
24,487
32,213
38,005
44,389
54,262
59,783
66,214
65,319
3,440
3,896
4,098
4,386
4,930
5,855
6,710
7,157
8,532
9356
10, 464
11,914
15,020
19,363
28,145
25,8R6
33,657
39,254
45,767
59,779
63,101
66,224
59,698
9, 081
11,176
10,838
10,975
10,353
11,527
12,803
13,291
12,952
15,310
14,758
14,537
16,260
17,048
18,700
1
21,510
25,493
26,866
32,991
35,807
39,866
46,299
55,797
70,499
103,811
98,185
124,228
151,907
176,020
212,028
249,781
265,086
247,606
{AUGUST 1983)
103
C. Historical Data for Selected Series—Continued
Year
IV Q
622.
1949,
1950.
1951.
1952.
1953.
1954.
1955.
1956.
1957.
1950.
1959.
1960.
1961.
1962.
1963.
1964.
1965.
1966.
1967.
1966.
1969.
1970.
1971.
1972.
1973.
1974.
1975.
1976,
1977.
1978.
1979.
1980.
1981.
1982.
1983.
652.
873
1,701
1,111
999
1,826
1,057
1,230
1,044
201
24
671
320
-1,668
-611
662
2,500
-601
-6,917
-11,163
-4,780
-9,731
-4,4B2
-6,103
1,363
1,229
1,215
1,299
1,667
1,127
714
1,005
132
20
616
-623
-1,671
588
-2,739
1,622
-3,157
-7,253
-7,578
-7,026
-3,997
-8,402
-13,078
282
245
271
371
437
487
566
679
784
1,004
1,422
1,227
1,479
2,102
2,706
3,237
3,405
3,099
4,372
7,254
10,529
12,477
13,824
271
245
277
380
441
526
584
681
838
1,146
1,405
1,283
1,623
2,392
3,005
3,143
3,332
3,398
5.326
7,834
10,294
13,505
14,779
267
254
281
393
439
515
652
672
867
1,324
1,377
1,428
1,650
2,516
3,276
3,212
3,293
3,612
5,630
6,513
10,513
13,888
14,748
1,576
1,273
939
1,553
1,707
1,319
899
533
28
554
338
-1,221
-1,441
1,190
-1,582
1,747
-3,799
-9,710
-6,863
-6,412
-5,245
-7,641
-11,354
245
263
263
416
466
562
679
715
690
1,392
1,311
1,497
1,821
2,643
3,098
2,973
3,281
4,108
6,352
9,315
11,540
12,892
13,491
EXPORTS OF GOODS AND SERVICES, EXCLUDING TRANSFERS
UNDER MILITARY GRANTS 4
(MILLIONS OF DOLLARS)
1949..
1950..
1951..
1952..
1953..
1954..
1955..
1956..
1957..
1958..
1959..
I960..
1961..
1962..
1963..
1964..
1965..
1966..
1967.,
1968..
1969..
1970..
1971..
1972..
1973..
1974,.
1975..
1976..
1977..
1978..
1979..
I960..
1981,.
1982..
1983.,
605
225
354
997
574
341
921
818
435
428
902
097
512
956
293
260
112
837
187
907
248
766
761
6,853
6,963
7,806
8,561
9,452
10,610
10,947
11,654
13,071
14,753
16,680
17,288
18,445
26,259
36,730
37,474
42,200
46,699
53,619
66,178
82,806
94,534
90,790
7,060
7,255
7,764
8,628
9,799
10,342
11,135
11,725
13,563
14,871
16,532
17,943
19,498
28,544
37,033
36,293
43,644
47,049
56,214
74,257
85,521
93,082
66,932
Year
7,079
7,441
7,685
9,030
10,002
10,795
11,559
12,118
13,297
15,469
16,561
16,508
21,039
31,479
38,609
40,703
44,674
45,692
60,775
79,454
88,500
93,221
80,840
5,339
1,122
3,067
2,611
1,437
2,576
2,897
4,753
6,271
3,462
1,148
4,892
5,571
4,521
5,224
6,801
4,951
3,817
3,800
635
607
2,603
-2,260
-6,416
911
-5,505
8,903
-9,483
-31,091
-33,966
-27,555
-25,544
-28,067
-36,369
INCOME ON U.S. INVESTMENTS ABROAD 2
(MILLIONS OF DOLLARS)
1949..
1950..
1951..
1952..
1953..
1954..
1955..
1956..
1957..
1958..
1959..
I960..
1961..
1962..
1963..
1964..
1965..
1966..
1967..
1968..
1969..
1970..
1971..
1972..
1973..
1974..
1975..
1976..
1977..
1978..
1979..
1980..
1981..
1982..
1983..
806
973
999
1,532
1,718
1,698
1,837
1,890
2,190
2,569
2,968
3,012
3,451
4,628
6,895
6,113
7,031
7,714
9,612
13,474
19,934
20,683
20,761
667,
TOTAL
333
369
414
421
461
420
469
568
639
669
628
1,237
1,245
1,324
1,561
1,764
2,068
2,481
2,747
3,378
4,869
5,516
5,436
6,572
9,655
12,084
12,564
13,311
14,217
21,680
32,914
42,875
52,760
56,842
1949,..
1950...
1951...
1952...
1953...
1954...
1955...
1956...
1957...
1958...
1959...
1960...
1961...
1962...
1963...
1964...
1965...
1966...
1967...
1968...
1969...
1970...
1971...
1972...
1973...
1974...
1975...
1976...
1977...
1978...
1979,..
1980...
1981...
1982...
1983...
15,834
13,893
18,864
18,122
17,078
17,869
19,948
23,772
26,653
23,217
23,652
28,861
29,937
31,803
34,214
36,826
41,087
44,S62
47,314
52,363
57,S22
65,674
68,838
77,495
110,241
146,666
155,729
171,630
184,276
219,994
286,796
342,073
374,621
348,324
104
846
997
1,084
1,531
1,739
1,853
1,873
2,075
2,402
2,794
2,977
3,156
3,603
5,913
7,123
6.352
7,429
8,337
10,465
17,445
17,803
22,043
21,569
892
1,032
1,245
1,604
1,677
1,733
1,959
2,181
2,346
2,875
2,773
3,340
3,933
6,080
6,464
6,884
7,455
8,129
12,465
18,285
18,798
21,801
19,499
803
1,324
1,432
1,870
2,241
2,363
1,534
1,460
1,160
1,160
1,257
1,336
1,721
2,421
2,025
1,181
1,435
742
922
766
1,762
1,354
-710
1,903
1,958
6,126
2,627
1,603
3,141
-319
3,647
485
93
-132
2,309
3,236
444
968
5,151
1,828
-1,563
-2,164
2,033
4,809
1,801
-4,854
1949.
1950.
1951.
1952.
1953.
1954.
19S5.
1956.
1957.
1958.
1959.
1960.
1961.
1962.
1963.
1964.
1965.
1966.
1967.
1968.
1969.
1970.
1971.
1972.
1973.
1974.
1975.
1976.
1977.
1978.
1979.
1980.
1981.
1982.
1983.
6,016
5,585
6,233
6,511
7,023
7,408
9,094
10,285
11,609
11,654
14,495
15,589
19,202
23,055
29,704
33,839
37,543
46,462
54,205
62,839
85,444
66,947
87,136
6,050
5,639
6,374
6,691
7,211
8,247
9,413
10,174
11,911
14,011
14,698
16,803
19,155
24,356
34,772
31,346
39,573
48,502
56,960
68,085
62,938
92,225
87,554
5,900
5,998
6,428
6,907
7,378
8,317
9,954
10,290
12,641
14,105
15,178
17,499
19,817
24,897
36,065
33,142
41,616
46,612
58,376
72,224
80,712
91,281
91,786
1,395
1,593
1,882
1,826
1,910
2,227
2,444
2,662
2,817
2,845
3,043
4,616
4,999
5,616
6,157
6,824
7,437
7,528
8,020
9,368
10,912
11,747
12,707
14,764
21,808
27,567
25,351
29,286
32,179
42,245
64,132
72,445
86,243
84,146
TOTAL
2,996
2,571
-4,190
6,216
1,892
3,817
2,356
532
1,959
2,153
4,145
5,901
2,356
310
5,132
6,346
6,025
7,167
9,604
8,285
5,963
5,708
3,563
3,393
5,625
2,269
-1,941
11,021
9,147
22,749
9,205
-9,894
-10,340
4,686
7,477
11,523
-3,177
5,591
6,133
6,533
6,939
7,612
8,834
10,139
10,860
12,640
14,362
15,461
16,678
21,261
26,911
36,979
34,653
43,495
50,597
60,792
78,964
85,504
90,650
85,030
9,616
12,001
15,047
15,766
16,546
15,930
17,795
19,627
20,752
20,861
23,342
23,729
23,591
25,778
27,047
29,222
32,801
38,599
41,606
48,800
54,129
60,050
66,569
79,435
99,219
137,519
132,980
162,425
194,170
230,335
262,110
334,596
363,098
351,502
1,488
1,308
1,152
2,091
2,390
1,961
1,420
1,258
657
1,107
1,080
-170
-222
4,568
1,630
6,050
1,179
-4,905
-17
490
IMPORTS OF GOODS AND SERVICES, TOTAL 1
(MILLIONS OF DOLLARS)
This series coute tins revisions beginning with 1974. This series contains revisi ons beginning with 1979.
4
Th1s series contains revisions beginning with 1980. Th1s series contains revisions beginning with 1977.
3
807
942
1,092
1,490
1,689
1,953
1,857
1,875
2,430
2,673
3,030
3,196
3,576
5,187
7,104
6,002
7,371
7,999
9,704
14,929
15,909
21,717
22,316
Annual
TOTAL
BALANCE ON GOODS AND SERVICES1
(MILLIONS OF DOLLARS)
589
1,640
1,121
1,486
2,551
1,933
1,827
1,533
626
774
1,407
1,508
-690
903
4,589
5,421
3,569
-1,625
-5,018
2,068
-196
4,839
2,625
669.
TOTAL
IV Q
IQ
TOTAL
INCOME ON FOREIGN INVESTMENTS IN THE UNITED STATES 3
(MILLIONS OF DOLLARS)
1949..
1950..
1951..
1952..
1953..
1954..
1955..
1956..
1957..
1958..
1959..
I960.,
1961..
1962..
1963..
1964,.
1965..
1966..
1967..
1968..
1969..
1970..
1971,.
1972..
1973..
1974..
1975.,
1976..
1977..
1978..
1979..
1980..
1981..
1982..
1983..
668.
1,058
1,368
1,256
1,373
1,601
1,448
974
1,218
274
9
978
-736
-1,636
^56
-1,846
3,034
-1,926
-7,211
-6,362
-7,337
-6,571
-7,342
-5,$54
Annual
651.
BALANCE ON MERCHANDISE TRADE*
(MILLIONS OP DOLLARS)
TOTAL
(AUGUST 1983)
G. Experimental Data and Analyses
(Nov.)
T
Year
and
quarter
1981
Imp!icit price
d e f l a t o r , gross
nonfarm business
product 1
(Index: 1977-100)
all
M T TTT
Unit labor c o s t ,
persons, nonfarm
business s e c t o r 1
TTT
Ratio scale
—
—
—
—
m
Implicit price deflator, gross nonfarm
business product, Q
(index: 1977 = 100)
139.2
141.6
143.5
147.8
146.4
148.3
149.1
150.5
11111111
1111111
(Nov.)
T
I Hi I I I
Revised 2
136.2
138.4
141.8
145.0
(Jan.)(July) (July)
P T
P
Components of BCD series 2 6 -
(Index: 1977=100)
Revised 2
I Q....
II Q . . .
I l l Q..
IV Q . . .
(Nov.) (Mar.)
P
T
151.3
153.6
155.4
157.1
1982
I Q....
II Q...
I l l Q..
IV Q . . .
E
D
Unit labor cost, all persons, nonfarm
business sector, Q
(index: 1977 = 100)
1983
160
150
140
130
120
no
- i 170
— 160
150
140
— 130
— 120
-
110
-
100
158.3
P158.4
90
—
80
—
152.4
P154.2
I Q....
II Q . . .
I l l Q..
IV Q . . .
—
70
ratios in 1972 dollars (ratio)
Arithmetic
scale
Inventory-sales r a t i o s in 1972 d o l l a r s 3
Year
and
Manufacturing
month
(Ratio)
1982
Revised
2
Merchant
wholesalers
(Ratio)
Revised
2
— 2.2
Retail t r a d e
(Ratio)
-
Revised 2
2.1
Jan..,
Feb..
Mar..
Apr..
May..
June.
2.11
2.06
2.05
2.07
2.03
2.02
1.49
1.45
1.43
1.50
1.45
1.50
1.45
1.40
1.42
1.42
1.38
1.43
-
2.0
-
1.9
July.
Aug..
Sept.
2.03
2.05
2.05
2.12
2.09
2.06
1.52
1.51
1.55
1.56
1.54
1.55
1.42
1.43
1.43
1.43
1.38
1.39
-
Oct..
Nov..
Dec.
— 1.8
1.6
— 1.5
— 1.4
1983
Jan..
Feb..
Mar..
Apr..
May..
June.
1.97
1.97
1.91
1.89
1.85
pi. 81
1.47
1.51
1.50
1.52
1.41
p i . 36
1.38
1.41
1.38
1.38
1.35
pi.34
July.
Aug..
Sept.
Oct..
Nov..
Dec.
(NA)
(NA)
(NA)
-
1.3
-
1.6
-
1.5
-
1.4
1.3
1970
1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983
NOTE: The "r" indicates revised; "p", preliminary; and "NA", not available.
Source: U.S. Department of Labor, Bureau of Labor Statistics.
2
See "New Features and Changes for This Issue," page iii.
3
Source: U.S. Department of Commerce, Bureau of Economic Analysis.
105
G.
Experimental Data and Analyses—Continued
Net Contributions of Individual Components to the Leading, Roughly Coincident, and Lagging Composite Indexes
Basic data
Series title
(and unit of measure)
LEADING INDICATORS
1. Average workweek, production workers,
manufacturing (hours)
5. Average weekly initial claims, State
unerrpioyment insurance1 (thousands)
8. New orders for consumer goods and materials
in 1972 dollars (billion dollars)
32. Vendor performance, companies receiving
slower deliveries (percent)
12. Net business formation
(index: 1967=100)
20. Contracts and orders for plant and equipment
in 1972 dollars (billion dollars)
29. New building permits, private housing
units (index: 1967*100)
36. Change in inventories on hand and on order in
1972 dol., smoothed2 (ann. rate, bil. dol.) .
99. Change *' 2 sensitive materials prices,
,n
smoothed (percent)
19. Stock prices, 500 common stocks
(index: 1941-43=10)
106. Money supply (M2) in 1972 dollars
(billion dollars)
111. Change in credit—business and consumer
borrowing (annual rate, percent)
910. Composite index of 12 leading indicators3
(index: .1967=100)
ROUGHLY COINCIDENT INDICATORS
41. Employees on nonagricultural payrolls
(thousands) ...
51. Personal income less transfers in 1972
dollars (annual rate, billion dollars).
47. Industrial production, total
(index: 1967=100)
57. Manufacturing and trade sales in 1972
dollars (million dollars)
920. Composite index of 4 roughly coincident
indicators3 (index: 1967=100)
LAGGING INDICATORS
91. Average durav.ion of unemployment1
(weeks)
77. Ratio, constant-dollar inventories to sales,
manufacturing and trade (ratio) . . . . . .
62. Labor cost per unit of output, manufacturinqactual data as a percent of trend (percent)
109.
Average prime rate charged by banks
(percent)
Commercial and industrial loans outstanding
in 1972 dollars (million dollars)
Ratio, consumer installment credit to
personal inooire (percent)
Composite index of 6 lagginQ indicators 3
(index: 1967=100)
101.
95.
930.
Net contribution to index
May
to
June
1983
June
to
July
1983
May
1983
June
1983
July
1983
Apr.
to
May
1983
40.1
r40.0
r40.2
p40.3
-0.08
0.16
0.08
470
453
406
380
0.10
0.30
0.20
r32.O2
r33.93
r34.20
p34.50
0.29
0.04
0.05
52
52
52
52
0.00
0.00
0.00
rll2.0
rll4.8
P115.6
0.35
0.16
-0.07
13.87
rl4.35
rl4.46
pl2.48
0.07
0.02
-0.35
124.1
132.1
142.2
143.9
0.19
0.22
0.04
r-5.86
r-2.25
pi.04
0.20
0.18
2.02
1.36
0.94
0.93
-0.26
-0.17
-0.01
157.71
164.10
166.39
166.96
0.25
0.09
0.02
r880.4
r884.7
r890.5
p891.6
0.16
0.21
0.04
-0.6
-5.1
5.6
P9.3
-0.24
0.56
0.21
152.4
rl54.2
rl57.2
P157.7
1.18
1.95
0.32
r89,090
r89,421
r89,832
p90,319
0.31
0.38
0.58
rl,077.5
rl,088.2
rl,092.5
pi,094.4
0.49
0.20
0.11
rl42.6
rl44.4
rl46.0
pl48.6
0.35
0.31
0.64
rl55/O82
rl60,620
pl63,373
N
A
0.78
0.38
N
A
rl35.5
rl37.9
rl39.4
P141.0
1.77
1.09
1.15
19.0
20.4
22.0
21.7
-0.51
-0.54
0.15
rl.66
1.60
pl.57
NA
-0.79
-0.40
NA
r95.2
r94.3
93.3
p92.4
-0.33
-0.37
-0.48
10.50
10.50
10.50
10.50
0.00
0.00
0.00
104,466
rlO2,565
102,472
plO2,393
-0.48
-0.02
-0.03
rl2.93
rl2.87
pl2.97
N
A
-0.23
0.38
N
A
rll3.4
rll0.7
109.7
P1O9.3
-2.38
-0.90
Apr.
1983
N
A
NA
-0.36
NOTE: The net contribution of an individual component is that component's share in the composite movement of the group. I t
is computed by dividing the standardized and weighted change for the component by the sum of the weights for the available components and dividing t i a t result by the index standardization factor. See the February 1983 issue of BUSINESS CONDITIONS DIGEST
(pp. 108-109) for the weights and standardization factors. NA, not available, p, preliminary, r, revised, e, estimated.
2
This series is inverted in computing the composite index; i . e . , a decrease in this series is considered an upward movement.
*This series is a weighted 4-terrn moving average (with weights 1,2,2,1) placed on the terminal month of the span.
3
Figures in the net contribution columns are percent changes in the index. The percent change is equal (except for rounding
differences) to the sum of the individual components' contributions plus the trend adjustment factor. The trend adjustment
factor for the leading index is 0.139; for the coincident index, -0.175; for the lagging index, 0.018.
16
0
G. Experimental Data and Analyses—Continued
Cyclical Comparisons: Current and Selected Historical Patterns
I M
IMIIIIM1
5. Average weekly initial claims, State
unemployment insurance (inverted)
MONTHS DEVIFROM ATIONS CURRENT MONTH
REF.
FROM ACTUAL
AND
TROUGH
DATA YEAR
7/81
-4
-3
-2
-1
5
SERIES•
THOUSANDS
34.9
533
7/82
53.2
605
8/82
653
65.3
9/82
651
10/82
64.8
O
55.9
616
34.4
28.4
21.0
21.3
531
507
478
479
19.0
14.7
2.8
-3.8
470
453
406
380
5. Average weekly initial claims, State
unemployment insurance (inverted)
12/82
1/83
2/83
3/83
5
6
7
8
T
Deviations
from
specific
troughs
4/83
5/83
6/83
7/83
Actual
data
fr
o
current
cycle
11/82
1
2
3
4
T
T
Percent
• 400
• 450
-50
• 375
-40
MONTHS DEVIFROM ATIONS CURRENT MONTH
SPEC.
AND
FROM ACTUAL
TROUGH
9/82
DATA YEAR
-2
-1
0
SERIES
5
THOUSANDS
533
7/82
605
8/82
-30
• 475
-20
©525
-18.4
-7.4
40. Employees in goods-producing
industries .
UU
D
-2
• 26,000
• 25,500
• 25,000
• 24,500
-6
• 24,000
• 23,500
-10
-12
i 111 11111 111111 1111111
0
+6
-26.8
-26.6
-28.0
-30.6
478
479
470.
453*
2/83
3/83
4/83
5/83
9
10
-37.8
-41.8
406
380
6/83
7/83
40
HOUSANDS
23843
7/82
23672
8/82
23530
9/82
23287
10/82
• 625
40. Employees in goods-producing
industries
• 23,000
-7.3
-8.0
-8.5
-9.5
0
-10.1
23131
11/82
1
2
3
4
-10.3
-9.9
-10.4
-10.5
23061
23186
23049
23030
12/82
1/83
2/83
3/83
+ 12
5
6
7
8
-10.0
-9.2
-8.5
-7.7
23159
23347
23534
23749
4/83
5/83
6/83
7/83
+ 10
MONTHS DEVIFROM ATIONS CURRENT MONTH
AND
SPEC.
FROM ACTUAL
TROUGH
DATA YEAR
3/83
+ 8
SERIES 4 0
THOUSANDS
8/82
2.8 23672
9/82
2.2 23530
1.1 23287 10/82
+6
0.4
0.1
0.7
0.1
0. T
23131
23061
23186
23049
23030
0.6
1.4
2.2
3.1
23159
23347
23534
23749
Percent
• 25,500
•25,000
• 24,500
• 24>000
+4
11/82
12/82
1/83
2/83
3/83
4/83
5/83
6/83
7/83
+12 +18
Months from reference troughs
NOTE:
• 575
-10
-4
-3
-2
-1
-4
-6
10/82
11/82
12/82
1/83
MONTHS DEVIFROM ATIONS CURRENT MONTH
REF.
FROM ACTUAL
AND
TROUGH
7/81
DATA YEAR
Percent
0
11 f 1111 11111 i
651
616
531
507
0. T
SERIES
+2
-12
9/82
-0.3
-5.7
-18.7
-22.4
5
6
7
8
-•+110
653
1
2
3
4
• 800
• 425
+ 2
0
-12
-6
0
+ 6 +12
• 23,500
•23,000
+ 18
Months from specific troughs
For an explanation of these charts, see "How to Read Charts" on p. 106 of the July 1983 issue.
107
G. Experimental Data and Analyses—Continued
Cyclical Comparisons: Current and Selected Historical Patterns-Continued
TTTTml>l
I
•
'••'
20. Contracts and orders for plant and
equipment, 1972 dollars, smoothed1
Deviations
from
reference
peaks
Actual
data
for
current
cycle
MONTHS DEVIFROM ATIONS CURRENT MONTH
REF.
FROM ACTUAL
AND
TROUGH
7/81
DATA YEAR
SERIES 2 0 l
B I L . DOL
full
-4
-3
-2
-1
+ 15
Median
• 16
11.44
11.54
11.69
11.74
-14.5
12.12
-15.3
-15.6
-13.5
-11.6
12.01
11.96
12.26
12.53
-7.1
-2.3
-2.7
13.17
13.85
13.79
20. Contracts and orders for plant and
equipment, 1972 dollars, smoothed1
Deviations
from
specific
troughs
12/82
1/83
2/83
3/83
5
6
7
T
11/82
1
2
3
4
T
7/82
8/82
9/82
10/82
O
P«rc«nt
-19.3
-18.6
-17.5
-17.2
T
4/83
5/83
6/83
+ 45
+40
• 15
•«
+35
+ 30
+10
+5
Actual
data
for
current
cycle
• 15
+25
• 14
• 14
MONTHS DEVIFROM ATIONS CURRENT MONTH
SPEC.
FROM ACTUAL
AND
TROUGH
7/82
DATA YEAR
-10
o
-20
•u
-25
-30
O
1
2
3
4
O
2
2
5
5
6
7
8
5
4
7
9
9
10
11
29. New building permits, private
housing un'ts
+ 15
SERIES
20l
I I L . DOL
• 13
-15
+ 20
T
+ 10
11 . 4 4
7/82
9
2
6
9
11 . 5 4
11 . 6 9
11 . 7 4
12 . 1 2
8/82
9/82
10/82
11/82
O
5
2
5
12 . 0 1
11 . 9 6
12 . 2 6
12 . 5 3
12/82
1/83
2/83
3/83
15. 1
21, 1
20. 5
13 . 1 7
13 . 8 5
13 . 7 9
4/83
5/83
6/83
+5
• l
l
29. New building permits, private
housing units
•oil
MONTHS D E V I FROM ATIONS CURRENT MONTH
AND
FROM ACTUAL
REF.
DATA YEAR
7/81
TROUGH
-1+160
•150
SERIES 29
1967=100
+ 140
• 135
-4
-3
-2
-1
13.9
-0.7
10.1
23.4
86.0
75.0
83.1
93.2
7/82
8/82
9/82
10/82
• 120
0
1
2
3
4
31.3
41.9
54.8
58.3
57.0
99.1
107.1
116.9
119.5
118.5
11/82
12/82
1/83
2/83
3/83
5
6
7
8
64.4
75.0
88.3
90.6
124.1
132.1
142.2
143.9
4/83
5/83
6/83
7/83
•105
•90
0
• 60
25
1982
• 45
-J
iiilllliilillli
iiiiiliiiiiliiiiili
-12
-6
0
+6
+12
+18
Months from reference troughs
-50
• 120
+100
+ 80
• 100
+ 60
SERIES 29
1967«100
• 90
9
10
11
12
45.8
27.1
40.8
58.0
13
14
15
16
68.0
81.5
98.1
102.5
99.1
107.1
116.9
119.5
11/82
12/82
1/83
2/83
17
18
19
20
100.8
110.3
123.9
141.0
118.5
124.1
132.1
142.2
3/83
4/83
5/83
6/83
143.9
7/83
21 143.9
86.0
7/82
75.0
8/82
83.1
9/82
93.2 10/82
+40
• BO
+ 20
-12
- 6
0
+
6
+12 +18
Months from specific troughs
NOTE: For an explanation of these charts, see "How to Read Charts" on p. 106 of the July 1983 issue.
*Th1s series 1s an MCO moving average placed on the center month of the span. Specific trough dates used, however, are those for the actual monthly series.
'Numeral Indicates latest month used in computing the series.
108
•140
+120
MONTHS DEVIFROM ATIONS CURRENT MONTH
SPEC.
AND
FROM ACTUAL
DATA YEAR
TROUGH 10/81
#75
• 13
• 70
G. Experimental Data and Analyses—Continued
Cyclical Comparisons: Current and Selected Historical Patterns—Continued
!
51. Personal income, less transfer
payments, in 1972 dollars
clcl
-4
-3
-2
-1
Percent
+10
SERIES 5 1
ANN. RATE
B I L . DOL.
7/82
1072.2
-1.5
-1.9
1067.5
8/82
- 2 . 0 1066.6
9/82
- 2 . 1 1065.6 10/82
T
T
T
T
51. Personal income, less transfer
payments, in 1972 dollars
Deviations
from
specific
troughs
• 1150
+5
-1.9
1068.0
11/82
- i +12
1
2
3
4
5
6
7
8
-1.5
-1.2
-1.5
-1.0
-1.0
-0.0
0.3
0.5
1072.2
1075.9
1072.6
1078.0
1077.5
1088.2
1092.5
1094.4
12/82
1/83
2/83
3/83
4/83
5/83
6/83
7/83
+ 10
• 1125
MONTHS DEVIFROM ATIONS CURRENT MONTH
SPEC.
PROM ACTUAL
AND
TROUGH 10/82
DATA
YEAR
• 1100
SERIES 5 1
ANN. RATE
B I L . DOL.
0.2
1067.5
8/82
1066.6
9/82
0.1
•1075
-2
-1
0
940. Ratio, coincident index to lagging
index
r
1068.0
1072.2
1075.9
1072.6
1078.0
1077.5
1088.2
1092.5
1094.4
• 140
-4
-3
-2
-1
SERIES 9 4 0
1967-100
-9.0
109.7
7/82
-8.3
110.5
8/82
-8.0
110.8
9/82
-8.2
110.6 10/82
0
-6.9
112.2
-5.7
-3.5
-4.1
-2.2
113.6
116.3
115.5
117.9
119.5
124.6
127.1
129.0
• 1100
+2
• 1075
940. Ratio, coincident index to lagging
Percent
+ 35
12/82
1/83
2/83
3/83
-0.8
3.4
5.5
7.1
+4
4/83
5/83
6/83
7/83
• 145
11/82
1
2
3
4
5
6
7
8
• 130
• 1125
7/83
MONTHS DEVIFROM ATIONS CURRENT MONTH
REF.
FROM ACTUAL
AND
TROUGH
7/81
DATA
YEAR
• 135
+6
3/83
4/83
5/83
6/83
2.7
+8 «1150
11/82
12/82
1/83
2/83
1.2
1.1
2.1
2.5
• 1175
10/82
0.2
0.6
1.0
0.7
9
-5
0 . T 1065.6
1
2
3
4
5
6
7
8
• 1050
for
current
cycle
Percent
0
• 2175
Actual
data
+ 30
• 140
+ 25
• 135
MONTHS DEVIFROM ATIONS CURRENT MONTH
SPEC.
FROM ACTUAL
AND
TROUGH
4/82
DATA
YEAR
+ 20
• 130
SERIES 940
+15
3
4
• 105
• 100
-J - 2 0
-12
-6
0
+6
0.1
0.8
967=100
109.7
110.5
5
6
7
8
9
10
11
12
1.1
0.9
2.4
3.6
6.1
5.4
7.6
9.0
110.8
110.6
U2.2
113.6
116.3
115.5
117.9
119.5
9/82
10/82
11/82
12/82
13
14
15
13.7
16.0
17.7
124.6
127.1
129.0
5/83
6/83
7/83
7/82
8/82
H20
+ 10
1/83
2/83
3/83
4/83
+12 +18
Months from reference troughs
NOTE:
• 125
+5
-12
-6
0
+6
+12
+18
Months from specific troughs
For an explanation of these charts, see "How to Read Charts" on p. 106 of the July 1983 issue.
109
ALPHABETICAL INDEX—SERIES FINDING GUIDE
Current lssue
Series title
(See complete titles in "Titles and
Sojrces of Series," following this index)
Series <page n u m b e r s >
number Charts Tables
Historical
data
{issue date)
A
Accession rate, manufacturing
Agricultural products, exports
Anticipations and intentions
Business expenditures, new plant and equipment
Business expenditures, new plant and equipment, 01
2
604
16
56
61
92
8/81
1/83
1
8
6
4
61
970
24
38
67
76
3
4
3
4
3
1
4
8
4
8
48
48
4
9
48
48
48
6
4
5
0
58
22
65
974
975
971
976
978
977
972
973
38
38
38
38
38
38
38
38
76
76
76
76
76
76
76
76
6/82
6/82
12/82
5/83
5/83
5/83
5/83
5/83
5/83
5/83
5/83
616
55
56
22
92
65
1/83
8/83
Consumer sentiment, index
Employees, manufacturing and trade, 01
Inventor es, nanufaeturing and trade, Ot
New orders, manufacturing, Dl
Prices,ftanulaeturing, Dl
Prices, retail Irade. Dl
Prices, wholesale trade, Dl
Profits, manufacturing and trade, Dl
Sales, manufacturing and trade, Dl
Automobiles
Imports of automobiles and parts
Personal consumption expenditures
Balance of payments See International transactions.
Bank loans—S-^e Business Loans.
Bank rates—See Interest rates.
Bank reserves
Free reserves;
Member bank borrowing from the Federal Reserve
Bonds™See Interest rates.
Borrowing—See Credl
Budget—See Government.
Building—See Constriction,
Building permits, new ornate housing
,
Business equipmeit, irdustrial production
Business expenditures, new plant and equipment
Business expenditures, new plant and equipment, Dl
Business failures, ourreit liabilities
Business formation, ind>»
Business incorporations
Business inventories—Sie Inventories.
Business loans
Loans outstanding, constant dollars
Loans outstanding cu'rent dollars
loans outstanding net change
Business saving
93
94
See notes at end of index.
110
—
3
3
3
3
7
2
7
2
6/83
6/83
4
5
4
5
29
76
61
970
14
12
13
13.25
24'
2
4
3
8
3
3
12,23
2
3
6
7
6
7
6
7
7
6
7
2
6
5
6
5
6/83
12/82
6/82
6/82
5/83
2/83
5/83
3
5
2
4
3
4
3
4
4
4
3
2
3
2
101
72
112
295
15.35
3
5
32
4
6
7
3
7
3
7
2
8
2
7/83
7/83
7/83
11/82
4
3
4
3
3
7
83
82
84
2
0
2
0
20
6
4
6
4
64
12/82
8/83
8/83
2
5
2
5
2
5
97
11
965
333
2
4
2
4
3
7
48
6
6
6
6
7
5
8
6
1/83
1/83
1/83
4/83
3
3
3
3
3
3
914
35
34
1
1
2
9
2
9
6
0
7
0
7
0
2/83
8/83
8/83
1
5
3
7
3
7
442
90
441
37
C
Canada-See International comparisons.
Capacity utilization
Manufacturing (BEA)
Manufacturing (FREi)
Materials
Capital appropriations, manufacturing
Backlog
Newly approved
,
Newly approved, Dl
Capital equipment, producer ,)rice index. ,
,
Capital investment—See Investment, capital,
Capital investment comrrjtmeits, Cl
Cash flow, corporate, constant dollars
,
Cash flow, corporate, current lollars
Civilian labor force—See also employment.
Employment
Employment as percent of population
Total labor force
Unemployed....
Coincident indicators, four
Composite index
Composite index, rate of change
Diffusion index
Ratio to lagging indicators}, composite index
Commercial and industrial buildings, contracts awarded
Commercial and industrial lows
loans outstanding, constant dtllars
Loans outstanding, current dolhrs
Loans outstanding, net change
,
Compensation—See also Income.
Compensation, average hourly, ronfarm
business sector
Compensation of employees NIPA
Compensation of employees, percent of
national ineome
Compensation, real average Hour!/, nonfarm
business sector
Earnings, average hourly, production workers,
private nonfarm economy
Earnings, real average hourly, protection workers,
private nonfarm economy
Wage and benefit decisions, fiist year
Wage and benefit decisions, lift of contract
Wages and salaries in mining, manufacturing,
and construction
Composite indexes
Coincident indicators
Four coinciders, index
Four coinciders, rate of change...
Ratio to lagging indicator index
Lagging indicators
Six laggers, index
Six laggers, rate of change
Leading indicators
Capital investment commitments
Inventory Investment and purchasing
Marginal employment adjustments
Money and financial flows
5
1
1
8
5
1
18,51
8
9
62
89
62,89
3/83
3/83
3/83
3/83
2
0
2
0
20
2
0
920
920c
951
940
9
1
0
3
9
3
6
1
1
2
3
'74'
6
0
6
6
2/83
5/83
2/83
2/83
3/82
101
72
112
15.35
3
5
3
2
7
3
7
3
7
2
7/83
7/83
7/83
345
280
4
9
45
8
7
8
2
11/82
10/82
60
1
5
'5
i
s
1
3
2
4
3
4
3
5
6
5
6
64
30,47
70,83
10/82
5
6
346
4
9
88
11/82
56
340
4
9
8
7
6/82
1
5
341
348
349
4
9
50
50
8
7
8
8
88
7/82
8/81
8/81
1
5
6
2
62
53
1
9
6
3
8/83
2
2
920
920c
940
1
0
3
9
1
1
60
2/83
5/83
2/83
1
5
930
930c
1
0
3
9
60
2/83
5/83
1
5
914
915
913
917
—
1
1
1
1
1
1
1
1
6
0
60
6
0
60
2/83
2/83
2/83
2/83
1
5
1
5
1
5
1
5
—
-
Current issue
Series
description
(*)
1
5
(See complete titles in "Titles and
Sources of Series," following this index)
Profitability
Twelve leaders, index
Twelve leaders, rate of change
Construction
Building permits, new private housing
Contracts awarded, commercial and
industrial buildings
Expenditures, plus machinery and equipment sales
Gross private domestic fixed investment
Nonresidential, percent of GNP
Nonresidential structures, constant dollars
Nonresidential, total, constant dollars
Residential, percent of GNP
Residential, total, constant dollars
Housing starts
Consumer finished goods, producer price index
Consumer goods and materials, new orders
Consumer goods, industrial production
Consumer installment credit
Credit outstanding
Net change
Ratio to personal income
Consumer installment loans, delinquency rate
Consumer prices—See also International comparisons.
All items
Food
Consumer sentiment, index
Consumption expenditures—See Personal
consumption expenditures.
Contract awards. Defense Department
Contracts and orders, plant and equipment,
constant dollars
Contracts and orders, plant and equipment,
current dollars
Corporate bond yields..!.!!!!
!
!.!
Corporate profits—See Profits.
Costs—See Labor costs and Price indexes.
Credit
Borrowing, total private
Business loans
Loans outstanding, constant dollars
Loans outstanding, current dollars
Loans outstanding, net change
Consumer installment credit
Credit outstanding
Net change
Ratio to personal income
Consumer installment loans, delinquency rate
Credit outstanding, percent change
Mortgage debt, net change
Crude and intermediate materials, change in
producer prices
Crude materials, producer price index
Series
number Charts
916
910
910c
11
10
39
Historical
data
(issue date)
Series
description
60
60
2/83
2/83
5/83
1
5
1
5
Tables
29
13,25
67
6/83
3
5
9
69
23
24
66
67
3/82
6/83
248
87
86
249
89
28
334
8
75
47
25
25
47
25
25
48
12,21
22
83
67
67
83
67
67
86
64
65
10/82
8/83
8/83
10/82
8/83
6/83
4/83
6/83
12/82
66
113
95
39
35
32
15,35
33
73
72
73
72
4/83
4/83
4/83
2/82
322
49
49
84,95
58
22
65
3/83
3/83
12/82
3
2
2
8
5
1
5
1
5
1
5
1
5
1
3
5
6
0
2
6
2
4
4
3
4
3
4
3
4
5
5
9
5
9
3
1
525
53
90
4/83
6
4
20
12,23
66
8/82
3
2
10
116
23
34
66
73
8/82
8/83
3
2
4
6
320
84
110
32
72
11/82
101
It
112
15,35
35
32
73
73
72
7/83
7/83
7/83
66
113
95
39
Ill
33
35
32
15,35
33
13,32
32
73
72
73
72
72
71
4/83
4/83
4/83
2/82
7/83
3/82
98
331
28
48
69
85
2/83
4/83
557
54
91
7/82
517
543
580
578
577
525
53
53
54
55
55
53
90
90
91
91
91
90
7/82
4/83
7/83
12/82
12/82
4/83
559
548
588
561
570
564
565
54
53
54
54
55
55
55
91
90
91
91
91
91
91
6/83
6/83
6/83
6/83
7/83
11/82
11/82
39
32
33
12,21
72
64
2/82
5/83
4
5
28
970
965
951
974
963
966
38
37
36
38
36
37
6/82
1/83
2/83
5/83
7/83
7/82
3
4
3
3
1
5
4
8
1
5
2
4
962
975
952
950
964
36
38
36
36
37
5/83
5/83
2/83
2/83
6/83
1
8
48
1
5
1
5
2
6
971
960
972
967
38
37
38
37
5/83
12/82
5/83
6/83
'8
4
973
976
978
977
968
961
38
38
38
38
37
36
76
75
74
76
74
75
78
74
76
74
74
75
77
76
75
76
75
79
76
76
76
76
75
74
5/83
5/83
5/83
5/83
6/83
7/83
°8
4
4
3
4
3
4
3
4
3
4
3
4
5
4
2
'0
6
0
Debt-See Credit.
Defense and space equipment, output
Defense Department
Gross obligations incurred
Gross unpaid obligations
Net outlays
Personnel, civilian
Personnel, military
Prime contract awards
Defense products
Inventories, manufacturers1
New orders, manufacturers1
Shipments, manufacturers'
Unfilled orders, manufacturers'
Defense products industries, employment
Defense purchases, goods and services, NIPA
Defense purchases, percent of GNP
Deficit—See Government.
Deflators—See Price indexes.
Delinquency rate, consumer installment loans
Deliveries, vendor performance
Diffusion indexes
Business expenditures, new plant and equipment
Capital appropriations, manufacturing
Coincident indicators
Employees, manufacturing and trade
Employees on private nonagncultural payrolls
Industrial production
Industrial production, components
Initial claims, State unemployment insurance
Inventories, manufacturing and trade
Lagging indicators
Leading indicators
New orders, durable goods industries
New orders, durable goods industries, components
New orders, manufacturing
Profits, manufacturing
Profits, manufacturing and trade
Raw industrials, spot market prices
Raw industrials, spot market prices, components
Sales, manufacturing and trade
Selling prices, manufacturing
Selling prices, retail trade
Selling prices, wholesale trade
Stock prices, 500 common stocks . .
Workweek, manufacturing production workers
Workweek, manufacturing production workers,
components
Disposable personal income—See income.
77
'4
6
2
6
"3
5
4
8
3
6
4
8
4
9
4
8
3
6
1
5
ALPHABETICAL INDEX—SERIES FINDING GUIDE—Continued
Series title
(See complete titles in "Titles and
Sources of Series," following this index)
Corrent issue
Series (page n u m f a e f S )
number Charts Tables
Historical
data
(issue date)
Series
description
(•)
E
Earnings—See Compensation.
Employment and unemployment
Accession rate, manufacturing
Civilian labor force, total
Defense Department personnel, civilian
Defense Department personnel, military
Employee-hours in nonagricultural establishments
Rate of change
48c
3
9
1
7
40
974
41
963
570
90
442
46
60
5
962
3
913
21
453
452
451
448
42
4
446
445
447
444
91
44
45
43
37
1
1
7
3
8
14,17
3
6
5
5
1
8
5
1
1
7
1
7
12,16
3
6
1
6
1
1
1
6
5
1
5
1
5
1
5
1
1
7
1
6
5
1
5
1
5
1
5
1
15,18
1
8
1
8
1
8
18,51
12,16
62
7
6
6
2
7
4
9
1
6
2
8
9
6
1
6
1
6
1
7
4
6
1
6
0
6
1
89
8
9
8
9
8
9
6
2
6
1
8
9
8
9
8
9
8
9
62
6
2
6
2
6
2
62,89
6
1
7/83
5/83
7/83
7/83
7/83
3/83
3/83
7/82
3/83
5/83
5/83
8/81
2/83
7/83
3/83
3/83
3/83
3/83
3/83
8/81
3/83
3/83
3/83
3/83
3/83
3/83
3/83
3/83
3/83
7/83
'0
2
2
0
1
9
1
9
1
8
1
8
1
8
1
5
1
5
2
0
2
0
20
2
0
2
0
1
8
2
0
2
0
2
0
2
0
20
2
0
1
8
20
2
0
1
5
961
3
6
7
7
7
4
7/83
1
5
6
1
8
9
9
1
9
1
e'
i
8/81
3/83
12/82
12/82
5/83
5/83
1
8
2
0
1
5
1
5
48
1
5
1
5
F
Federal funds rate
Federal Government—See Government.
Federal Reserve, member bank borrowing from
Final sales in constant dollars
Financial flows, Cl
Fixed investment—See Investment, capital.
Fixed-weighted price index, gross domestic
business product
Food—See Consumer prices.
Foreign trade—See International transactions.
France—See International comparisons.
Free reserves
G
Goods output in constant dollars
Government budget, N1PA
federal expenditures
119
34
72
2/82
94
213
917
33
40
11
72
80
60
6/83
10/82
2/83
311
4
8
8
4
8/83
45
49
15
Federal receipts
Federal surplus or deficit
State and local expenditures
State and local receipts
State and local surplus or deficit
Surplus or deficit, total
Government purchases of goods and services
Federal, constant dollars
Federal, current dollars
Federal, percent of GNP
National defense
National defense, percent of GNP
State and local, constant dollars
State and local, current dollars
State and local, percent of GNP
Total, constant dollars
Total, current dollars
Gross domestic business product, fixed-weighted
price index
Gross domestic product, labor cost per unit
•
Gross national product
GNP, constant dollars
GNP, constant dollars, differences
GNP, constant dollars, percent changes
.
..
GNP, current dollars
GNP, current dollars, differences
.
...
GNP, current dollars, percent changes
..
GNP, ratio to money supply Ml
.
Goods output in constant dollars
Implicit price deflator
Per capita GNP, constant dollars
. . .
Gross private domestic investment—See Investment, capital.
H
Help-wanted advertising in newspapers
Help-wanted advertising, ratio to unemployment
Hours of production workers, manufacturing
I
Implicit price deflator GNP
Imports-See International transactions.
Income
Compensation, average hourly, nonfarm
business sector
Compensation of employees
Compensation of employees, percent of
national income
Compensation, real average hourly, nonfarm
business sector
Consumer installment credit, ratio to personal income
Corporate profits with fVA and CCAdj
Corporate profits with IVA and CCAdj, percent
of national income
Disposable personal income, constant dollars,...,
Disposable personal income! current dollars
Disposable personal income, per capita,
constant dollars
Earnings, average hourly, production workers,
private nonfarm economy
Earnings, real average hourly, production workers,
private nonfarm economy
. . .
Income on foreign investments in the United States
Income on U.S. investments abroad
. .
Interest, net
Interest, net, percent of national income.
National income...
Personal income, constant dollars
Personal income, current dollars . . .
Personal income, less transfer payments, constant dollars
Rate of change.
.. .
Total
Personal income, ratio to money s
Proprietors' income with IVA and
j
Proprietors' income with IVA and CCAdj, percent
of national income
Rental income of persons with CCAdj
Rental income of persons with CCAdj, percent
of national income
Wage and benefit decisions, first year
Wage and benefit decisions, life of contract.
Wages and salaries in mining, manufacturing,
and construction . . .
Incorporations, new businesses.
. .
Industrial commodities, producer price index .
Industrial production-See also International comparisons.
Business equipment
Consumer goods
93
3
3
7
2
6/83
49
„
Average weekly overtime
Average workweek
Average workweek, components
Average workweek, Dl
Housing
Housing starts
Housing units authorized by local building permits....
Residential GPDI, constant dollars
Residential GPDI, percent of GNP
20
63
8/83.
502
52
52
52
52
52
52
46
90
90
90
90
90
90
83
9/82
9/82
9/82
9/82
9/82
9/82
11/82
62
62
62
62
62
62
58
263
262
265
564
565
267
266
268
261
260
43
43
47
55
55
43
43
47
43
43
81
81
83
91
91
81
81
83
81
81
11/82
11/82
11/82
11/82
11/82
11/82
11/82
11/82
11/82
11/82
53
53
53
53
'53*
53
53
53
53
311
68
48
30
84
70
8/83
8/83
58
39
50
50b
50c
200
200b
200c
107
49
310
217
19,40
63,80
80
80
80
80
80
71
63
8/82
8/82
8/82
8/82
8/82
8/82
5/83
8/83
8/83
10/82
49
49
49
49
49
49
40
25
49
49
46
60
17
17
7/82
3/83
19
19
501
500
512
511
510
298
'39"
40
31
20
48
40
Durable manufactures. .
Nondurable manufactures
Total
Total, components
Total, Dl
.".'
Total, rate of change
Industrials, raw, spot market prices
Components
Diffusion index
Spot market index
Installment credit—See Credit.
Insured unemployment
Average weekly initial claims
Average weekly initial claims, 01
Average weekly insured unemployment rate
lnterest.net
Interest, net, percent of national income
Interest rates
Bank rates on short-term business loans
Corporate bond yields
Federal funds rate
Mortgage yields, secondary market
Municipal bond yields
Prime rate charged by banks
Treasury bill rate
Treasury bond yields
Intermediate materials, producer price index
International comparisons
Consumer prices
Canada
France
Italy
United Kingdom
United States
West Germany
Industrial production
Canada
France
Japan
61
61
OECD, European countries
United Kingdom
United States
West Germany
Current issue
Historical
data
(issue date)
description
61
61
77
74
7/83
7/83
15
15
67
67
67
83
6/83
6/83
8/83
10/82
35
35
51
51
Series ( p a « e numbers)
number Charts Tables
21
1
16
12,16
961
36
28
25
29 13,25
89
25
249
47
Series
C)
7/83
310
48
345
280
49
45
87
82
11/82
10/82
56
56
6
4
30,47
70,83
10/82
5
6
346
95
286
49
15,35
45
88
73
82
11/82
4/83
10/82
56
43
37
287
225
224
47
40
40
83
80
80
111
1
6
5
1
5
5
5
5
48
Total
Employees in mining, manufacturing,
and construction
Employees, manufacturing and trade, Dl
Employees on nonagricultural payrolls
Employees on private nonagricultural payrolls, Dl
Employment in defense products industries
Employment, ratio to population
Employment, total civilian
Help-wanted advertising in newspapers
Help-wanted advertising, ratio to unemployment
Initial claims, State unemployment insurance
Initial claims, State unemployment insurance, Dl
Layoff rate, manufacturing
Marginal employment adjustments, Cl
Overtime hours, manufacturing production workers
Participation rate, both sexes, 16-19 years old
Participation rate, females 20 years and over
Participation rate, males 20 years and over
Part-time workers for economic reasons
Persons engaged in nonagricultural activities
Quit rate, manufacturing
Unemployed, both sexes, 16-19 years old
Unemployed, females 20 years and over
Unemployed, full-time workers
Unemployed, males 20 years and over
Unemployment, average duration
Unemployment rate, 15 weeks and over
Unemployment rate, insured, average weekly
Unemployment rate, total
Unemployment,, total civilian
Workweek, manufacturing production workers
Workweek, manufacturing production workers,
components
Workweek, manufacturing production workers, Dl
Equipment—See Investment, capital.
Exports—See International transactions.
2
441
578
577
Series title
(See complete titles in "Titles and
Sources of Series," following this index)
37
22
22
227
40
340
49
341
652
651
288
289
220
52
223
49
57
57
45
47
45
19
40
87
93
93
82
83
82
63
63
7/82
8/83
8/83
10/82
10/82
10/82
8/83
8/83
15
65
65
57
57
55
22
22
51c
51
108
282
39
14,19
31
45
63
71
82
8/83
8/83
4/83
10/82
22
40
56
283
284
47
45
83
82
10/82
10/82
56
57
285
348
349
47
50
50
10/82
8/81
8/81
57
62
62
53
13
335
19
23
63
65
85
8/83
5/83
6/82
22
32
76
75
73
74
47
24
22
20
20
14,20,58
12/82
12/82
12/82
12/82
12/82
24
24
24
24
24
966
47c
37
39
67
65
63
63
63,94
78
75
967
23
37
28
79
75
69
6/83
6/83
36
36
5
962
45
288
289
12,16
36
18
45
47
61
74
62
82
83
5/83
5/83
3/83
10/82
10/82
18
18
18
57
57
67
116
119
118
117
109
114
115
332
35
34
34
34
34
35
34
34
48
73
73
72
73
73
73
72
73
86
12/82
8/83
2/82
2/82
2/82
7/83
8/83
8/83
4/83
46
46
46
46
46
46
46
46
95
96
95
95
84,95
95
4/82
4/82
4/82
4/82
4/82
3/83
4/82
69
69
68
59
68
94
723
58
94
726
58
94
727
58
94
728
58
94
721
58
94
722
58
47 14,20,58 63.94
725
58 94
1/83
1/83
1/83
1/83
1/83
1/83
12/82
1/83
66
66
66
66
66
66
24
66
733
736
737
738
732
320
735
10/82
6/82
7/82
12/82
See notes at end of index.
11
1
ALPHABETICAL INDEX—SERIES FINDING GUIDE—Continued
Series title
(See complete titles in "Titles and
Sources of Series,"fallowingthis index)
Stock prices
Canad \
Fiance
Itttly .
Current issue
Series
number
Charts
Historical
data
(issue date)
Series
description
(*)
12/82
12/82
12/82
12/82
12/82
12/82
12/82
70
70
70
70
70
36
70
8/83
8/83
8/83
5/82
1/83
65
65
65
64
64
54
54
65
64
65
64
64
54
54
65
64
65
65
746
747
59
59
748
742
19
745
59
59
59
59
96
96
96
96
96
96
96
667
622
618
602
604
256
252
668
606
620
612
616
257
253
669
614
652
651
57
57
57
56
56
44
44
57
56
57
56
56
44
44
57
56
57
57
93
93
93
92
92
82
82
93
92
93
92
92
82
82
93
92
93
93
255
44
82
10/82
250
251
44
47
82
83
10/82
10/82
743
.
>
Tables
(page numters
.
Jaiian. .
Un'ted Kingdom
.
United i tales
Weiil Germany
International transactions
Balance on ?oods and services
....
..
Balance on merchandise trade
Exports met cltandise, adjusted, excluding military
Exports, merchandise, total excluding military aid
Exports of domestic agricultural products
Exports of goods and services, constant dollars, NIPA
Exports of goads and services, current dollars, NIPA
Exports cf goids and services, excluding military
Exports of nonelectrical machinery
Imports, cwctandise, adjusted, excluding military
Imports, merchandise, total
„
Imports of automobiles and parts
Imports of goods and services, constant dollars, NIPA
Imports of good i and services, current dollars, NIPA
Imports ol (toods; and services, total
Imports ot fietroieum and products
Income on foreign investments in the United States
Income on U.S. itwstments abroad
Net exports of goods and services,
constant dollars, NIPA
Net exports of gocds and services,
current dollars, MPA
Net exports Q\ goods and services, percent Of GNP
Inventories
Business inventories change, constant dollars, NIPA
Business inventories, change, current dollars, NIPA
Business inventories, change, percent of GNP
Defense product's, manufacturers*
,
Finished goods, manufacturers1
Inventories on hand tnd on order, net change
Inventories to sales ratio, manufacturing and trade
Inventory investment ind purchasing, Cl
Manufacturing and tratfe, constant dollars
Manufacturing anil trade, current dollars
,
Manufacturing and trade, current dollars, change
Manufacturing and trade, Ol
Materials and supplies on hand and on order,
manufacturing
,
Materials and supplies on hand and on order,
manufacturing, change
Investment, capital
Capital appropriation, minufacturing, backlog
Capital appropriations, manufacturing, new
Capital appropriation:;, manufacturing, new, 01
Capital investment commitments. Cl
Construction contracts, commercial and industrial
Construction expenditures, business, plus machinery
and equipment sales
Gross private domestic investment
Business inventories, change—See Inventories.
Fixed investment, constant dollars
Fixed investment, current dollars
Nonresidential. constant dollars
Nonresidential, percent of GNP
Producers' durable equipment, nonresidential,
constant dollars
Residential, constant dollar:;
Residential, percent ot GNP
Structures, nonresidential. constant dollars
Total, constant dollars
Total, current dollars
,.
New orders, capital goods, nonoelense,
constant dollars
„
New orders, capital goods, nondiitense,
current dollars
Plant and equipment
Business expenditures, new
Business expenditures, new, 01
Contracts and orders, constant dollars
Contracts and orders, currant dollars
Investment, foreign
Income on foreign investments in the United States
Income on U.S. investments abroad
Italy—See International comparisons.
30
245
247
559
65
36
77
915
70
71
31
975
59
26,42
42
47
54
27
13,26
15.27
11
27
27
26
38
10/82
10/82
8/83
1/83
8/83
5/82
1/83
10/82
10/82
8/83
1/83
8/83
8/83
68,81
81
83
91
68
68
68
60
68
68
68
76
8/83
10/82
10/82
6/83
6/83
8/82
1/83
2/83
9/82
9/82
9/82
5/83
54
54
51
51
51
28'
28
28
15
28
28
28
48
6/83
78
27
38
26
68
6/83
97
11
965
914
9
24
24
37
11
23
6
6
6
6
7
5
6
0
6
6
1/83
1/83
1/83
2/83
3/82
3
3
3
3
3
3
1
5
3
2
69
24
67
6/83
2
8
243
242
86
248
42
42
25
47
8
1
8
1
6
7
8
3
10/82
10/82
8/83
10/82
5
1
5
1
5
1
5
1
88
89
249
87
241
240
25
25
47
25
42
42
6
7
6
7
8
3
6
7
8
1
8
1
8/83
8/83
10/82
8/83
10/82
10/82
5
1
5
1
5
1
5
1
5
1
5
1
27
23
66
8/82
24
23
66
8/82
61
970
20
10
24
38
12,23
23
6
7
7
6
6
6
66
6/82
6/82
8/82
8/82
3
4
3
4
3
2
3
2
652
651
57
57
9
3
9
3
8/83
8/83
6
5
6
5
J
Japan—See International comparisons.
L
Labor cost per unit of gross domestic product
Labor cost per unit of output, manufacturing
Actual data
Actual data as percent of trend
Labor cost per unit of output, private business sector
Labor cost, price per unit of. nonfarm business
Labor force—See Employment,
Lagging indicators, six
Composite index
,
Composite index, rale of change
Diffusion index
Layoff rate, manufacturing
Leading indicators, twelve
Composite index
Composite index, rate of change
,
See notes at end of index.
112
68
30
7
0
8/83
3
9
62
62
63
26
30
15
30
29
7
0
7
0
7
0
7
0
2/83
2/83
11/82
10/82
3
9
930
930c
952
3
10
39
36
16
60
2/83
5/83
2/83
8/81
910
910c
10
39
74'
6
1
6
0
2/83
5/83
3
9
1
5
1
5
1
8
1
5
Series title
(See complete titles in "Titles and
Sources of Series," following this index)
Series
number
Diffusion index
Liabilities of business failures
Liquid assets, change in total
Loans—See Credit
950
14
104
Current issue
tPHMMiDers)
Charts Tables
Historical
data
(issue date)
Series
description
(•)
2/83
5/83
4/83
15
44
40
36
33
31
74
72
71
913
11
60
2/83
15
78
27
68
6/83
28
38
8
26
12,21
68
64
6/83
6/83
28
26
84
20
64
917
11
60
104
105
85
106
102
107
108
33
118
117
31
31
31
13,31
31
31
31
32
34
34
71
71
71
71
71
71
71
71
73
73
4/83
4/83
4/83
4/83
4/83
5/83
4/83
3/82
2/82
2/82
4
0
4
0
40
40
40
40
40
42
4
6
4
6
27
24
8
23
23
12,21
66
66
64
8/82
8/82
6/83
2
6
2
6
2
6
20
12,23
66
8/82
3
2
10
548
7
6
23
53
21
21
8/82
6/83
6/83
6/83
3
2
2
6
2
6
2
6
964
971
37
38
66
90
64
64
77
75
76
6/83
5/83
2
6
48
88
87
86
248
25
25
25
47
67
67
67
83
8/83
8/83
8/83
10/82
5
1
5
1
5
1
5
1
517
543
721
53
53
58
90
90
94
7/82
4/83
1/83
6
6
580
54
91
7/83
557
49
54
20
91
63
7/82
8/83
62
62
358
370
83
82
84
21
30
15
50
50
20
20
20
16
70
70
88
88
64
64
64
61
2/83
2/83
12/82
11/82
12/82
8/83
8/83
7/83
453
452
451
51
51
51
89
89
89
3/83
3/83
3/83
20
2
0
20
55
233
232
238
236
239
237
231
230
235
22
41
41
41
41
41
41
41
41
47
65
80
80
81
81
81
81
80
80
83
8/83
10/82
10/82
10/82
10/82
10/82
10/82
10/82
10/82
10/82
5
0
5
0
5
0
5
0
5
0
5
0
5
0
5
0
5
0
5
0
292
293
614
46
46
56
82
83
92
11/82
11/82
1/83
5
8
5
8
6
4
61
970
20
24
38
12,23
67
76
66
10
23
66
90
18
62
6/82
6/82
8/82
8/82
3/83
3
4
3
4
3
2
3
2
2
0
M
Man-hours—See Employment.
Marginal employment adjustments, Cl
Materials and supplies on hand and on order,
manufacturing
Materials and supplies on hand and on order,
manufacturing, change
Materials, new orders for consumer goods and
Materials prices—See Price indexes.
Materials, rate of capacity utilization
Merchandise trade—See International transactions.
Military—See Defense.
Money and financial flows, Cl
Money supply
Liquid assets, change in total
Money supply Ml, constant dollars
Money supply Ml, percent changes
Money supply M2, constant dollars
Money supply M2, percent changes
Ratio, GNP to money supply Ml
Ratio, personal income to money supply M2
Mortgage debt, net change
Mortgage yields, secondary market
Municipal bond yields
,
8/83
2/83
N
National defense—See Defense.
National Government—See Government.
National income—See Income.
New orders, manufacturers'
Capital goods industries, nondefense,
constant dollars
Capital goods industries, nondefense, current dollars
Consumer goods and materials, constant dollars
Contracts and orders, plant and equipment,
constant dollars
Contracts and orders, plant and equipment,
current dollars
Defense products
Durable goods industries, constant dollars
Durable goods industries, current dollars
Components
Diffusion index
New orders, manufacturing, 01
Nonresidential fixed investment, GPOI
Producers' durable equipment, constant dollars
Structures, constant dollars
Total, constant dollars
Total, percent of GNP
0
Obligations incurred, Defense Department
Obligations unpaid, Defense Department
OECD, European countries, industrial production
Orders—See New orders and Unfilled orders.
Outlays, Defense Department
Output—See also Gross national product and
Industrial production.
Defense and space equipment, output
Goods output, constant dollars
Labor cost per unit of
Actual data
Actual data as percent of trend
Per hour, nonfarm business sector
Per hour, private business sector
Ratio to capacity, manufacturing (BEA)
Ratio to capacity, manufacturing (FRB)
Ratio to capacity, materials
Overtime hours, manufacturing production workers
'5
2
3
9
'1
e
i
6
2
5
2
5
2
5
1
5
9
Participation rates, civilian labor force
Both'sexes, 16-19 years of age
Females 20 years and over
Males 20 years and over
Personal consumption expenditures
Automobiles
Durable goods, constant dollars
Durable goods, current dollars
Nondurable goods, constant dollars
Nondurable goods, current dollars
Services, constant dollars
Services, current dollars
Total, constant dollars
Total, current dollars
Total, percent of GNP
Personal income—See Income.
Personal saving
Personal saving rate
Petroleum and products, imports
Plant and equipment—See also Investment, capital.
Business expenditures, new
Business expenditures, new, Dl
Contracts and orders, constant dollars
Contracts and orders, current dollars
Population, civilian employment as percent of
ALPHABETICAL INDEX—SERIES FINDING GUIDE—Continued
Series title
(See complete titles in "Titles and
Sources of Series," following this index)
Price indexes
Consumer prices—See also International comparisons.
All items
Food
Deflators, NIPA
Fixed-weighted, gross domestic business product
Implicit price deflator, GNP
Labor cost, price per unit of, nonfarm business
Producer prices
AH commodities..
.
Capital equipment
Crude materials.
.
Finished consumer goods
Industrial commodities
Intermediate materials
Sensitive crude and intermediate materials
Raw industrials, spot market prices
Components
Diffusion index
..
Spot market index
.
Sensitive crude and intermediate materials, change
in producer prices
Sensitive materials prices, percent change
Stock prices—See also International comparisons.
500 common stocks..
500 common stocks, Dl
Price to unit labor cost, nonfarm business.
. . ..
Prices, selling
Manufacturing, 01 ,
Retail trade. [
ide. Dl
Wholesale trade, Dl.
Prime contract awards, Defense Department.
Prime rate charged by banks
.
Producer prices—See Price indexes.
Producers' durable equipment, nonresidential, GPDI
Production—See Gross national product and
Industrial production.
Productivity
Output per hour, nonfarm business sector
Output per hour, private business sector
Profitability, Cl
Profits
Corporate profits after taxes
Constant dollars
Current dollars
With IVA and CCAdj, constant dollars
With IVA and CCAdj, current dollars
Corporate profits, total
With IVA and CCAdj
With IVA and CCAdj, percent of national income
Manufacturing and trade, Dl
Manufacturing, 01
Per dollar of sales, manufacturing
Profitability, Cl
Ratio, profits to corporate domestic income
Ratio, profits with IVA and CCAdj to corporate
domestic income
Proprietors' income with IVA and CCAdj
Proprietors' income with IVA and CCAdj, percent of
national income
Current issue
Series (page numbers)
number Charts Tables
Historical
data
(issue date)
Series
description
(*)
3/83
3/83
59
59
8/83
8/83
10/82
58
49
85
86
85
86
69
5/82
4/83
4/83
4/83
6/82
4/83
2/83
59
60
60
36
36
Current issue
Series (pa&e numbers)
number Charts Tables
Historical
data
(issue date)
Series
description
(*)
s
84,95
84
320
322
311
310
26
48
48
29
330
333
331
334
335
332
98
48
48
48
48
967
23
37
28
79
75
69
6/83
6/83
98
99
28
13,28
69
69
2/83
2/83
19
968
26
13,28
37
29
69
75
70
7/82
6/83
10/82
36
36
976
978
977
525
109
38
38
38
53
35
76
76
76
90
73
5/83
5/83
5/83
4/83
7/83
48
49
48
64
46
8/83
358
370
916
18
16
28
28
29
29
286
287
972
960
15
916
22
45
47
38
37
29
11
29
81
282
12/82
11/82
2/83
61
61
15
69
69
69
69
8/83
8/83
8/83
8/83
37
37
37
37
82
83
76
75
70
60
69
10/82
10/82
5/83
12/82
5/83
2/83
8/83
37
37
38
15
37
8/83
10/82
37
56
50
50
11
29
45
283
Salaries-See Compensation.
Sales
Final sales, constant dollars
Machinery and equipment sales and business
construction expenditures
Manufacturing and trade sales, constant dollars
Manufacturing and trade sales, current dollars
Manufacturing and trade sales, Dl
Ratio, inventories to sales, manufacturing and trade
Retail sales, constant dollars
Retail sales, current dollars . 1
"
'.
Saving
Business saving
Government surplus or deficit
Gross saving, private and government
Personal saving
Personal saving rate
Selling prices—See Prices, selling
Sensitive crude and intermediate materials, change
in producer prices
Sensitive materials prices, percent change
Shipments of defense products
Spot market prices, raw industrials
Components
Diffusion index
,
Spot market index
State and local government—See Government.
Stock prices—See also International comparisons.
500 common stocks
500 common stocks, Dl
Stocks of materials and supplies on hand and on order..,
Stocks of materials and supplies on hand and on
order, change
Surplus—See Government.
Treasury bill rate
Treasury bond yields...
97
6
2
3
24
8
3
7
2
8
4
5
7
9
7
5
6
9
82
6/83
6/83
10/82
3
6
3
6
5
7
25
8
9
3
8
9
29
4
4
7
3
3
2
5
4
7
8
3
7
2
6
7
8
3
10/82
6/83
8/83
10/82
5
7
45
5
1
5
1
5
9
5
4
2
2
2
2
6
5
6
5
11/82
11/82
3
1
3
1
10/82
40
69
24
57 14,22
56
22
973 38
77 15,27
59
22
54
22
67
65
65
76
68
65
65
6/83
11/82
11/82
5/83
1/83
11/82
U/82
28
28
28
48
28
31
31
295
298
290
292
293
82
83
82
82
83
11/82
11/82
11/82
11/82
11/82
37
58
58
58
58
46
46
46
46
46
2/83
2/83
6/83
98
28
99 13,28
588 54
967
23
37
28
79
75
69
6/83
6/83
36
19
968
78
13,28
37
27
69
75
68
7/82
6/83
6/83
36
36
28
38
26
6/83
3
4
3
4
7
2
7
3
8/83
8/83
4
6
46
9
1
60
5
92
6
3
15,18
1
7
12,16
36
1
6
62
6
1
6
1
7
4
6
1
3/83
3/83
5/83
5/83
8/81
2
0
1
9
1
8
1
8
1
8
46
4
45
4
47
4
44
4
3
7
4
5
1
5
1
5
1
5
1
18,51
1
6
8
9
89
8
9
8
9
62,89
6
1
3/83
3/83
3/83
3/83
3/83
8/81
2
0
20
2
0
2
0
2
0
1
8
44
4
5
4
3
1
8
1
8
1
8
6
2
6
2
62
3/83
3/83
3/83
2
0
1
8
2
0
51
6
9
6
2
5
5
4
2
1
2
1
9
1
6
4
64
6/83
6/83
6/83
'6
2
2
6
Velocity of money
GNP to money supply M l , ratio
Personal income to money supply M2, ratio... .
Vendor performance, slower deliveries
17
0
18
0
32
3
1
3
1
12,21
7
1
7
1
64
5/83
4/83
5/83
40
40
28
W
Wages and salaries—See Compensation.
West Germany—See International comparisons.
Wholesale (producer) prices—See Price indexes.
Workweek of manufacturing production workers
Average workweek
Components
Diffusion index
1
12,16
15
36
61
77
74
7/83
m
7/83
'is'
U
Unemployment
Duration of unemployment, average
Help-wanted advertising, ratio to unemployment..
Initial claims for unemployment insurance
Initial claims for unemployment insurance, Dl
Layoff rate, manufacturing
Number unemployed, civilian labor force
Both sexes, 16-19 years of age
Females 20 years and over
Full-time workers
Males 20 years and over
Total unemployed
Quit rate, manufacturing
Unemployment rates
15 weeks and over
Insured unemployment
Unfilled orders, manufacturers'
Defense products
Durable goods industries
Durable goods industries, change
United Kingdom—See International comparisons.
8/81
213
14
1
15
1
Ttl
10/82
47
Quit rate, manufacturing..
Raw industrials, spot market prices
Components
Diffusion index
Spot market index
Rental income of persons with CCAdj
Rental income of persons with CCAdj, percent
of national income
Reserves, free
Residential fixed investment, constant dollars, GPDI..
Residential fixed investment, percent of GNP
Residential structures—See Housing.
Retail sales, constant dollars
Retail sales, current dollars
Series title
(See complete titles in "Titles and
Sources of Series," following this index)
NOTE: CCAdj, capital consumption adjustment; Cl, composite index; Dl, diffusion index; GNP, gross national product; GPDI, gross private domestic investment; IVA, inventory valuation adjustment; NIPA, national income and product accounts.
* The number shown is the page of the Handbook of Cyclical Indicators (1977) on which the series description appears.
113
TITLES AND SOURCES OF SERIES
Series are listed below according to the sections of this report
in which they appear. Series numbers are for identification
only and GO not reflect relationships or order among the
series. "NT following a series title indicates monthly data;
"Q" indicates quarterly data. Data apply to the whole period
except when indicated by "EOM" (end of month) or "EOQ"
(end of
To save space, the commonly used sources listed below are
referred to by number:
Source 1—U.S. Department of Commerce, Bureau of
Economic Analysis; Source 2—U.S. Department of Commerce,
Bureau of the Census; Source 3—U.S. Department of Labor,
Bureau of labor Statistics; Source 4—Board of Governors of
the Federal Reserve System.
Bureau of Economic Analysis (Used by permission.
This series may not be reproduced without written
permission from the source.)
(23,66)
10. Contracts and orders for plant and equipment in current
dollars (M).-Source 2 and McGraw-Hill Information
Systems Company; seasonal adjustment by Bureau of
the Census and Bureau of Economic Analysis (23,66)
11. Newly approved capital appropriations, 1,000
manufacturing corporations (Q).-The Conference
Board
(24,66)
12. Index of net business formation (M).—Source 1;
seasonal adjustment by Bureau of Economic Analysis
and National Bureau of Economic Research,
Inc.
(12,23,65)
Following the source for each series is an indication of the
pages on which that series appears. The "Series Finding
Guide" also lists chart and table page numbers for each
series.
13. Number of new business incorporations (M).-Dun &
Bradstreet, Inc.; seasonal adjustment by Bureau of
Economic Analysis and National Bureau of Economic
Research, Inc.
*
(23,65)
i-A. Composite Indexes
14. Current liabilities of business failures (M).-Dun &
Bradstreet, Inc.
(33,72) .
910. Composite index of twelve leading indicators (includes
series 1, 5, 8, 12, 19, 20, 29, 32, 36, 99,106, 111)
(M).-Sturce 1
(10,39,60)
15. Profits (after taxes) per dollar of sales, atl
manufacturing corporations (Q).-Federal Trade Commission; seasonal adjustment by Bureau of Economic Analysis
(29,70)
913. Composite index of marginal employment adjustments
(includes series 1, 2, 3, 5) (M).-Source 1 (11,60)
914. Composite index of capital investment commitments
(includes series 12, 20, 29) (M).-Source 1 (11,60)
16. Corporate profits after taxes in current dollars ( Q ) . Source 1
(28,69)
915. Composite index of inventory investment and
purchasing (includes series 8, 32, 36, 99) (M).-Source
1
(11,60)
916. Composite Index of profitability (includes series 19,26,
80) (M).-;>ource 1
(11,60)
18. Corporate profits after taxes in 1972 dollars ( Q ) . Source 1
(28,69)
33. Net change in mortgage debt held by financial
institutions and life insurance companies ( M ) . American Council of Life Insurance; Federal National
Mortgage Association; U.S. Department of Housing and
Urban Development, Government National Mortgage
Association; National Association of Mutual Savings
Banks; U.S. Savings and Loan League; and source 4;
seasonal adjustment by Bureau of Economic
Analysis
(32,71)
34. Net cash flow, corporate, in current dollars ( Q ) . Source 1
(29,70)
35. Net cash flow, corporate, in 1972 dollars (Q).—Source
1
(29,70)
36. Net change in inventories on hand and on order in 1972
dollars (smoothed) (M).-Sources 1, 2, and 3(13,26,68)
37. Number of persons unemployed, labor force survey
(M).-Sources 2 and 3
(18,51,62,89)
38. Change in stocks of materials and supplies on hand and
on order, manufacturing (M).-Source 2
(26,68)
39. Percent of consumer installment loans delinquent 30
days and over ( E O M ) . - A m e r i c a n Bankers
Association
(33,72)
40. Number of employees in nonagricultural goodsproducing industries-mining, manufacturing, and
construction (M).-Source 3
(17,62)
41. Number of employees on nonagricultural payrolls,
establishment survey (M).-Source 3
(14,17,62)
42. Number of persons engaged in nonagricultural activities,
labor force survey (M).-Sources 2 and 3
(17,62)
43. Unemployment rate, total (M).-Sources 2 and 3(18,62)
19. Index of stock prices, 500 common stocks ( M ) . Standard & Poor's Corporation
(13,28,59,69,96)
44. Unemployment rate, persons unemployed 15 weeks and
over (M).-Sources 2 and 3
(18,62)
917. Composite indeit of money and financial flows (includes
series 104, 106, 111) (M).-Source 1
(11,60)
20. Contracts and orders for plant and equipment in 1972
dollars (M).-Sources 1, 2, 3, and McGraw-Hill
Information Systems Company
(12,23,66)
45. Average weekly insured unemployment rate, State
programs (M).-U.S. Department of Labor, Employment
and Training Administration
(18,62)
920, Composite iitder of four roughly coincident indicators
(includes series 4 1 , 47, 51, 57) (M).-Source
1
(10,39,60)
21. Average weekly overtime hours of production workers,
manufacturing (M).-Source 3
(16,61)
46. Index of help-wanted advertising in newspapers ( M ) . The Conference Board
(17,61)
930. Composite index
series 62, 77,
1
940. Ratio, coincident
ging composite
1
22. Ratio of profits (after taxes) to total corporate domestic
income (Q).-Source 1
(29,69)
47. Index of industrial production, total (M).-Source
4
(14,20,39,58,63,78,94)
23. Index of spot market prices, raw industrial materials
(M).—Source 3 and Commodity Research Bureau, Inc.
(Used by permission. Beginning with June 1981, this
series may not be reproduced without written permission
from Commodity Research Bureau, Inc.)
(28,69,79)
24. Value of manufacturer's new orders, capital goods
industries, nondefense, in current dollars (M).-Source
2
(23,66)
48. Employee-hours in nonagricultural
(M).-Source 3
of six tagging indicators (includes
91, 95 t 101, 109) (M).-Source
(10,39,60)
composite index (series 920) to lagindex (series. 930) (M).-Source
(11,60)
1-B. Cyclical Indicators
1. Average workweek of production workers,
manufacturing (M).-Source 3
(12,16,61,77)
2. Accession rate, manufacturing (M).-Source 3 (16,61)
3. Layoff rate, manufacturing (M).-Source 3
(16,61)
4. Quit rate, manufacturing (M).—Source 3
(16,61)
5. Average weekly initial claims for
insurance, State programs (M).-U.S.
Labor, Employment and Training
seasonal adjustnetit by Bureau
Analysis
unemployment
Department of
Administration;
of Economic
(12,16,61)
6. Value of manufacturers1 new orders, durable goods
industries, in current dollars (M).-Source 2(21,64,77)
7. Value of manufacturers' new orders, durable goods
industries,- in 1972 ddflars (M).—Sources 1, 2, and
3
(21,64)
25. Change in manufacturers' unfilled orders, durable goods
industries (M).-Source 2
(21,64)
26. Ratio, implicit price deflator to unit labor cost, nonfarm
business sector (Q).-Sources 1 and 3
(29,70)
27. Value of manufacturers' new orders, capital goods
industries, nondefense, in 1972 dollars (M).—Sources
1, 2, and 3
(23,66)
28. New private housing units started, total (M).-Source
2
(25,67)
29. Index of new private housing units authorized by local
building permits (M).-Source 2
(13,25,67)
30. Gross private domestic investment, change in business
inventories, all industries, in 1972 dollars (Q).-Source
1
(26,42,68,81)
8. Value of manufacturers' new orders for consumer goods
and materials in 1972 dollars (M).-Sources 1, 2, and
3
(12,21,64)
31. Change in book value of manufacturing and trade
inventories, total (M).-Sources 1 and 2
(26,68)
9. Construction contracts awarded for commercial and
industrial buildings, floor space (M).~McGraw-Hill
Information Systems Company; seasonal adjustment by
32. Vendor performance, percent of companies receiving
slower deliveries (M).-Purchasing Management
Association of Chicago
(12,21,64)
114
establishments
(17,39,61)
49. Value of goods output in 1972 dollars (Q).-Source
1
(20,63)
50. Gross national product in 1972 dollars (Q),—Source
1
(19,39,40,63,80)
51. Personal income, less transfer payments, in 1972 dollars (M).-Source 1
(14,19,39,63)
52. Personal income, total, in 1972 dollars (M).—Source
1
(19,63)
53. Wage and salary income in mining, manufacturing, and
construction in 1972 dollars (M).-Sources 1 and
3
(19,63)
54. Sales of retail stores in current dollars (M).-Source
2
(22,65)
55. Personal consumption expenditures, automobiles ( Q ) . Source 1
(22,65)
56. Manufacturing and trade sales In current dollars ( M ) . Sources 1 and 2
(22,65)
57. Manufacturing and trade sales in 1972 dollars (M).—
Sources 1, 2, and 3
(14,22,65)
58. Index of consumer sentiment (Q,M).-University of
Michigan, Survey Research Center
(22,65)
59. Sales of retail stores in 1972 dollars (M).-Sources 1
2, and 3
(22,65)
TITLES AND SOURCES OF SERIES- Continued
60. Ratio, help-wanted advertising in newspapers (series
46) to number of persons unemployed (series 37)
(M).-Sources 1, 2, 3, and The Conference
Board
(17,61)
61. Business expenditures for new plant and equipment,
total (Q).-Source 1
(24,67)
62. Index of labor cost per unit of output, total
manufacturing—ratio, index of compensation of
employees in manufacturing (sum of wages, salaries,
and supplements to wages and salaries) to index of
industrial production, manufacturing (M).—Sources 1
and 4
(15,30,70)
86. Gross private domestic fixed investment, total
nonresidential, in 1972 dollars (Q).-Source 1(25,67)
87. Gross private domestic fixed investment, nonresidential
structures, in 1972 dollars (Q).-Source 1 (25,67)
88. Gross private domestic fixed investment, nonresidential
producers' durable equipment, in 1972 dollars ( Q ) . Source 1
(25,67)
119. Federal funds rate (M).-Source 4
(34,72)
1-C. Diffusion Indexes
950. Diffusion index of twelve leading indicator components
(M).-Source 1
(36,74)
951. Diffusion index of four roughly coincident indicator
components (M).-Source 1
(36,74)
89. Gross private domestic fixed investment, total
residential, in 1972 dollars (Q).-Source 1 (25,67)
952. Diffusion index of six tagging indicator components
(M).-Source 1
(36,74)
90. Ratio, civilian employment to total population of
working age (M).-Sources 1, 2, and 3
(18,62)
63. Index of unit labor cost, private business sector (Q).Source 3
(30,70)
91. Average (mean) duration of unemployment in weeks
(M).-Sources 2 and 3
(15,18,62)
960. Diffusion index of net profits, manufacturing—about
600 companies (Q).-Dun & Bradstreet, Inc. (Used by
permission. This series may not be reproduced without
written permission from the source.)
(35,75)
64. Compensation of employees as a percent of national
income (Q).-Source 1
(30,47,70,83)
93. Free reserves (member banks excess reserves minus
borrowings) (M).-Source 4
(33,72)
65. Manufacturers' inventories of finished goods, book
value, all manufacturing industries (EON!).—Source
2
(27,68)
961. Diffusion index of average workweek of production
workers, manufacturing—20 industries (M).-Sources 1
and 3
(36,74.77)
94. Member bank borrowings from the Federal Reserve
(M).-Source 4
(33,72)
66. Consumer installment credit (EOM).-Source 4
95. Ratio, consumer installment credit to personil income
(EOM).-Sources 1 and 4
(15,35,73)
(35,73)
67. Bank rates on short-term business loans (Q).-Source
4
(35,73)
68. Labor cost (current dollars) per unit of gross domestic
product (1972 dollars), nonfinancial corporations—ratio
of current-dollar compensation of employees to real
gross corporate product (Q).-Source 1
(30,70)
96. Manufacturers' unfilled orders, durable goods industries
(EOM).-Source 2
(21,64)
97. Backlog of capital appropriations, 1,000 manufacturing
corporations (EOQ).-The Conference Board (24,66)
962. Diffusion index of initial claims for unemployment
insurance, State programs—51 areas (M).-Source 1
and U.S. Department of Labor, Employment and Training
Administration; seasonal adjustment by Bureau of
Economic Analysis
(36,74)
963. Diffusion index of number of employees on private
nonagricultural payrolls—172-186 industries (M).—
Source 3
(36,74)
(13,28,69)
964. Diffusion index of value of manufacturers' new orders,
durable goods industries- 34-35 industries ( M ) . Sources 1 and 2
(37,75,77)
965. Diffusion index of newly approved capital
appropriations, deflated—17 manufacturing industries
(Q).-The Conference Board
(37,75)
70. Manufacturing and trade inventories in 1972 dollars
(EOM).-Sources 1, 2, and 3
(27,68)
101. Commercial and industrial loans outstanding in 1972
dollars (M).-Sources 1, 3, and 4
(15,35,73)
966. Diffusion index of industrial production—24 industries
(M).-Sources 1 and 4
(37,75,78)
71. Manufacturing and trade inventories, total book value,
in current dollars (EOM).-Sources 1 and 2 (27,68)
102. Change in money supply M2 (M).-Source 4 (31,71)
967. Diffusion index of spot market prices, raw industrials—
13 industrial materials (M).-Sources 1, 3, and
Commodity Research Bureau, Inc.
(35,75,79)
69. Manufacturers' machinery and equipment sates and
business construction expenditures (industrial and commercial construction put in place) (M).-Source
2
(24,67)
72. Commercial and industrial loans outstanding in current
dollars (M).-Sources 1 and 4
(35,73)
73. Index of industrial production, durable manufactures
(M).-Source 4
(20,63)
74. Index of industrial production,
manufactures (M).-Source 4
nondurable
(20,63)
75. Index of industrial production, consumer goods (M).—
Source 4
(22,65)
76. Index of industrial production, business equipment
(M).-Source 4
(24,67)
77. Ratio, constant-dollar inventories (series 70) to sales
(series 57), manufacturing and trade, total (EOM).Sources 1, 2, and 3
(15,27,68)
78. Stocks of materials and supplies on hand and on order,
manufacturing (EOM).—Source 2
(27,68)
79. Corporate profits after taxes with inventory valuation
and capital consumption adjustments in current dollars
(Q).-Source 1
(28,69)
80. Corporate profits after taxes with inventory valuation
and capital consumption adjustments in 1972 dollars
(Q).-Source 1
(28,69)
81. Ratio of profits (after taxes) with inventory valuation
and capital consumption adjustments to total corporate
domestic income (Q).—Source 1
(29,70)
82. Rate of capacity utilization, manufacturing (Q).—Source
4
(20,64)
83. Rate of capacity utilization, manufacturing (EOQ).Source 1
(20,64)
84. Rate of capacity utilization, materials (Q).—Source
4
(20,64)
85. Change in money supply M l (M).-Source 4
(31,71)
98. Change in producer prices for 28 sensitive crude and
intermediate materials (M),-Sources 1 and 3 (28,69)
99. Change in sensitive materials prices (smoothed) (M).—
Sources 1, 3t and Commodity Research Bureau, Inc.
104. Change in total liquid assets (smoothed) (M).-Sources
1 and 4
(31,71)
105. Money supply M l in 1972 dollars (M).-Sources 1,3,
and 4
(31,71)
106. Money supply M2 in 1972 dollars (M).-Sources 1, 3,
and 4
(13,31,71)
107. Ratio, gross national product to money supply M l
(Q).-Sources 1 and 4
(31,71)
108. Ratio, personal income to money supply M2 (M).—
Sources 1 and 4
(31,71)
109. Average prime rate charged by banks (M).—Source
4
(35,73)
110. Total funds raised by private nonfinancial borrowers in
credit markets (Q).-Source 4
(32,72)
H I . Change in credit outstanding (business and consumer
borrowing) (M).—Sources 1, 4, and Federal Home
Loan Bank Board
(13,32,72)
112. Net change in business loans (M).—Sources 1 and 4
(32,72)
113. Net change in consumer installment credit (M).-Source
4
(32,72)
114. Discount rate on new issues of 91-day Treasury bills
(M).-Source 4
(34,72)
115. Yield on long-term Treasury bonds (M).-U.S.
Department of the Treasury
(34,73)
116. Yield on new issues of high-grade corporate bonds
(M).—Citibank and U.S. Department of the
Treasury
(34,73)
117. Yield on municipal bonds, 20-bond average (M).-The
Bond Buyer
(34,73)
118. Secondary market yields on FHA mortgages (M).-U.S.
Department of Housing and Urban Development, Federal
Housing Administration
(34,73)
968. Diffusion index of stock prices, 500 common stocks—
49-82 industries (M).—Standard & Poor's Corporation
(37,75)
970. Diffusion index of business expenditures for new plant
and equipment, total—22 industries (Q).-Source
1
(38,76)
971. Diffusion index of new orders, manufacturing—about
600 businessmen reporting (Q).-Dun & Bradstreet, Inc.
(Used by permission. This series may not be reproduced
without written permission from the source.) (38r76)
972. Diffusion index of net profits, manufacturing and
trade-about 1,400 businessmen reporting (Q).-Dun &
Bradstreet, Inc. (Used by permission. This series may
not be reproduced without written permission from the
source.)
(38,76)
973. Diffusion index of net sales, manufacturing and tradeabout 1,400 businessmen reporting (Q).-Dun &
Bradstreet, Inc. (Used by permission. This series may
not be reproduced without written permission from the
source.)
(38,76)
974. Diffusion index of number of employees, manufacturing
and trade—about 1,400 businessmen reporting (Q).—
Dun & Bradstreet Inc. (Used by permission. This series
may not be reproduced without written permission from
the source.)
(38,76)
975. Diffusion index of level of inventories, manufacturing
and trade—about 1,400 businessmen reporting (Q).—
Dun & Bradstreet, Inc. (Used by permission. This series
may not be reproduced without written permission from
the source.)
(38,76)
976. Diffusion index of selling prices, manufacturing—about
600 businessmen reporting (Q).-Dun & Bradstreet, Inc.
(Used by permission. This series may not be reproduced
without written permission from the source.) (38,76)
15
1
TITLES AND SOURCES OF SERIES- Continued
977. Diffusion index of selling prices, wholesale trade—about
400 businessmen reporting (Q).-Dun & Bradstreet, Inc.
(Lsed by permission. This series may not be reproduced
without written permission from the source.) (38,76)
978. Diffusion index of selling prices, retail trade—about 400
businessmen reporting (Q).-Dun & Bradstreet, Inc.
(Used by permission. This series may not be reproduced
without written permission from the source.) (38,76)
248. Gross private domestic fixed investment, nonresidential,
as a percent of gross national product (Q).-Source
1
(47,83)
249. Gross private domestic fixed investment, residential, as
a percent of gross national product (Q).—Source
1
(47,83)
250. Net exports of goods and services in current dollars;
national income and product accounts (Q).—Source
1
(44,82)
Il-A. National Income and Product
30. Gross private domestic investment, change in business
inventories, all industries, in 1972 dollars (Q).-Source
1
(26, 42, 68, 81)
SO. Gross national product in 1972 dollars (Q).-Source
1
(19,39,40,63,80)
64. Compensation of employees as a percent of national
income (Q).-Source 1
(30,47,70,83)
200. Gross national product in current dollars (Q).-Source
1
(40,80)
213. Final sales (series 50 minus series 30) in 1972 dollars
(Q),-Source 1
247. Gross private domestic investment, change in business
inventories, ail industries, as a percent of gross national
product (Q).-Source 1
(47,83)
(40,80)
217. Per capita gross national product in 1972 dollars ( Q ) . Sources 1 and 2
(40,80)
220. National income in current dollars (Q).—Source
1
(45,82)
223. Personal income in current dollars (M).—Source
1
(40,63)
224. Disposable personal income in current dollars ( Q ) . Source 1
(40,80)
225. Disposable personal income in 1972 dollars ( Q ) . Source 1
(40,80)
227. Per capita disposable personal income in 1972 dollars
(Q).—Sources 1 and 2
(40,80)
230. Persona;1 consumption expenditures, total, in current
dollars (Q). -Source 1
(41,80)
231. Personal consumption expenditures, total, in 1972 dollars (Q).-Source 1
(41,80)
232. Personal consumption expenditures, durable goods, in
current dollars (Q).-Source 1
(41,80)
233. Personal consumption expenditures, durable goods, in
1972 dollars (Q).-Source 1
(41,80)
235. Personal consumption expenditures, total, as a percent
of gross national product (Q).-Source 1
(47,83)
236. Personal consumption expenditures, nondurable goods,
in current dollars (Q).-Source 1
(41,81)
237. Personal consumption expenditures, services, in current
dollars (Q).-Source 1
(41,81)
238. Personal consumption expenditures, nondurable goods,
in 1972 dollars (Q).-Source 1
(41,81)
239. Personal consumption expenditures, services, in 1972
dollars (Q).--Source 1
(41,81)
240. Gross private domestic investment, total, in current dollars (Q).-Sourci! 1
(42,81)
241. Gross private domestic investment, total, in 1972 dollars (Q).—Source 1
(42,81)
242. Gross private domestic fixed investment, total, in
current dollar; (Q).-Source 1
(42,81)
243. Gross private domestic fixed investment, total, in 1972
dollars (Q),-Sour;e 1
(42,81)
245. Gross private domestic investment, change in business
inventories, all industries, in current dollars (Q).—
Source 1
(42,81)
251. Net exports of goods and services as a percent of gross
national product (Q).-Source 1
(47,83)
252. Exports of goods and services in current dollars;
national income and product accounts (Q).-Source
1
(44,82)
253. Imports of goods and services in current dollars;
national income and product accounts (Q).—Source
1
(44,82)
255. Net exports of goods and services in 1972 dollars;
national income and product accounts (Q).—Source
1
(44,82)
256. Exports of goods and services in 1972 dollars; national
income and product accounts (Q).-Source 1 (44,82)
257. Imports of goods and services in 1972 dollars; national
income and product accounts (Q).-Source 1 (44,82)
260. Government purchases of goods and services, total, in
current dollars (Q).-Source 1
(43,81)
261. Government purchases of goods and services, total, in
1972 dollars (Q).-Source 1
(43,81)
262. Federal Government purchases of goods and services in
current dollars (Q)-Source 1
(43,81)
263. Federal Government purchases of goods and services in
1972 dollars (Q).-Source 1
(43,81)
292. Personal saving (Q).-Source 1
(46,82)
293. Personal saving rate—personal saving as a percent of
disposable personal income (Q).-Source 1 (46,83)
295. Business saving—undistributed corporate profits plus
capital consumption allowances with inventory valuation
and capital consumption adjustments (Q).-Source
1
(46,82)
298. Government surplus or deficit, total (Q).—Source
1
(46,83)
Il-B. Prices, Wages, and Productivity
310. Implicit price deflator, gross national product ( Q ) . ~
Source 1
(48,84)
311. Fixed-weighted price index, gross business product
(Q).-Source 1
(48,84)
320. Index of consumer prices, all items (M).-Source
3
(49,59,84,95)
322. Index of consumer prices, food (M).-Source 3(49,84)
330. Index of producer prices, all commodities (M)-Source
3
(48,85)
331. Index of producer prices, crude materials for further
processing (M).-Source 3
(48,85)
332. Index of producer prices, intermediate materials, supplies, and components (M).-Source 3
(48,86)
333. Index of producer prices, capital equipment ( M ) . Source 3
(48,86)
334. Index of producer prices, finished consumer goods
(M).-Source 3
(48,86)
335. Index of producer prices, industrial commodities (M) ~
Source 3
(48,85)
340. Index of average hourly earnings of production workers,
private nonfarm economy—adjusted for overtime (in
manufacturing only), interindustry employment shifts,
and seasonality (M).-Source 3
(49,87)
265. Federal Government purchases of goods and services as
a percent of gross national product (Q).—Source
1
(47,83)
266. State and local government purchases of goods and
services in current dollars (Q).-Source 1
(43,81)
267. State and local government purchases of goods and
services in 1972 dollars (Q).-Source 1
(43,81)
341. Index of real average hourly earnings of production
workers, private nonfarm economy-adjusted for
overtime (in manufacturing only), interindustry
employment shifts, and seasonality (M).-Source
3
(49,87)
268. State and local government purchases of goods and
services as a percent of gross national product (Q).—
Source 1
(47,83)
346. Index of real average hourly compensation, all
employees, nonfarm business sector (Q).-Source
3
(49,88)
280. Compensation of employees (Q)-Source 1
348. Negotiated wage and benefit decisions, all industriesfirst year average (mean) changes (Q),—Source
3
(50,88)
349. Negotiated wage and benefit decisions, all industriesaverage (mean) changes over life of contract (Q).—
Source 3
(50,88)
(45,82)
282. Proprietors' income with inventory valuation and capital
consumption adjustments (Q).-Source 1
(45,82)
283. Proprietors' income with inventory valuation and capital
consumption adjustments as a percent of national
income (Q).-Source 1
(47,83)
345. Index of average hourly compensation, all employees,
nonfarm business sector (Q).-Source 3
(49,87)
284. Rental income of persons with capital consumption
adjustment (Q).-Source 1
(45,82)
358. Index of output per hour, all persons, nonfarm business
sector (Q).-Source 3
(49,88)
285. Rental income of persons with capital consumption
adjustment as a percent of national income (Q).—
Source 1
(47,83)
286. Corporate profits with inventory valuation and capital
consumption adjustments (Q).—Source 1
(47,82)
370. Index of output per hour, all persons, private business
sector (Q).-Source 3
(49,88)
287. Corporate profits with inventory valuation and capital
consumption adjustments as a percent of national
income (Q).-Source 1
(47,83)
37. Number of persons unemployed, labor force survey
(M) -Sources 2 and 3
(18,51,62,89)
441. Total civilian labor force, labor force survey (M).—
Sources 2 and 3
(51,89)
288. Net interest (Q).-Source 1
(45,82)
289. Net interest as a percent of national income (Q).—
Source 1
(47,83)
290. Gross saving—private saving plus government surplus or
deficit (Q).-Source 1
(46,82)
li-C. Labor Force, Employment, and
Unemployment
442. Total civilian employment, labor force survey (M).—
Sources 2 and 3
(51,89)
444. Number unemployed, males 20 years and over, labor
force survey (M).-Sources 2 and 3
(51,89)
116
U.S.
GOVERNMENT PRINTING OFFICE:
1983-380-993:205
TITLES AND SOURCES OF SERIES-
Continued
445. Number unemployed, females 20 years and over, labor
force survey (M).-Sources 2 and 3
(51,89)
565. National defense purchases as a percent of gross
national product (Q).-Source 1
(55,91)
47. United States, index of industrial production, total
(M).-Source4
(14,20,39,58,63,78,94)
446. Number unemployed, both sexes 16-19 years of age,
labor force survey (M).-Sources 2 and 3
(51,89)
570, Employment in defense products industries (M).—
Source 3; seasonal adjustment by Bureau of Economic
Analysis
(55,91)
320. United States, index of consumer prices, all items
(M).-Source 3
(48,59,84,95)
447. Number unemployed, full-time workers, labor force
survey (M).-Sources 2 and 3
(51,89)
448. Number employed, part-time workers for economic
reasons, labor force survey (M).—Sources 2 and
3
(51,89)
451. Civilian labor force participation rate, mates 20 years
and over (M) -Sources 2 and 3
(51,89)
577. Defense Department personnel, military, active duty
(EOM).-U.S. Department of Defense, OSD, Comptroller,
Washington Headquarters Services
(55,91)
578. Defense Department personnel, civilian, direct hire
employment (EOM).-U.S. Department of Defense, OSD,
Comptroller, Washington Headquarters Services(55,91)
721. Organization for Economic Cooperation and
Development, European countries, index of industrial
production (M).—Organization for Economic Cooperation and Development (Paris)
(58,94)
722. United Kingdom, index of industrial production (M).—
Central Statistical Office (London)
(58,94)
723. Canada, index of industrial production (M).—Statistics
Canada (Ottawa)
(58,94)
453. Civilian labor force participation rate, both sexes 16-19
years of age (M).-Sources 2 and 3
(51,89)
580. Defense Department net outlays, military functions and
military assistance (M).-U.S. Department of Defense,
OSD, Comptroller, Directorate for Program and
Financial Control; seasonal adjustment by Bureau of
Economic Analysis
(54,91)
Il-D. Government Activities
588. Value of manufacturers' shipments, defense products
(M).-Source 2
(54,91)
500. Federal Government surplus or deficit; national income
and product accounts (Q).-Source 1
(52,90)
Il-E. U.S. International Transactions
501. Federal Government receipts; national income and product accounts (Q).-Source 1
(52,90)
602. Exports, excluding military aid shipments, total (M).—
Source 2
(56,92)
502. Federal Government expenditures; national income and
product accounts (Q).—Source 1
(52,90)
604. Exports of domestic agricultural products (M).-Source 2;
seasonal adjustment by Bureau of Economic
Analysis
(56,92)
732. United Kingdom, index of consumer prices ( M ) . —
Department of Employment (London); percent changes
seasonally adjusted by Bureau of Economic Analysis
(59,95)
606. Exports of nonelectrical machinery (M).—Source 2;
seasonal adjustment by Bureau of Economic
Analysis
(56,92)
733. Canada, index of consumer prices (M).—Statistics
Canada (Ottawa); percent changes seasonally adjusted
by Bureau of Economic Analysis
(59,96)
612. General imports, total (M).-Source 2
735. West Germany, index of consumer prices (M).—
Statistisches Bundesamt (Wiesbaden); percent changes
seasonally adjusted by Bureau of Economic Analysis
(59,95)
452. Civilian labor force participation rate, females 20 years
and over (M).-Sources 2 and 3
(51,89)
510. State and local government surplus or deficit; national
income and product accounts (Q).—Source 1 (52,90)
511. State and local government receipts; national income
and product accounts (Q).-Source 1
(52,90)
512. State and local government expenditures; national
income and product accounts (Q).—Source 1 (52,90)
517. Defense Department gross obligations incurred ( M ) . U.S. Department of Defense, OSD, Comptroller,
Directorate for Program and Financial Control; seasonal
adjustment by Bureau of Economic Analysis (53,90)
525. Defense Department military prime contract awards for
work performed in the United States (M).-U.S.
Department of Defense, OSD, Comptroller, Washington
Headquarters Services; seasonal adjustment by Bureau
of Economic Analysts
(53,90)
543. Defense Department gross unpaid obligations
outstanding (EOM).-U.S. Department of Defense, OSD,
Comptroller, Directorate for Program and Financial
Control; seasonal adjustment by Bureau of Economic
Analysis
(53,90)
725. West Germany, index of industrial production (M).
Statistisches Bundesamt (Wiesbaden)
(58,94)
726. France, index of industrial production (M).—Institut
National de la Statistique et des Etudes Economiques
(Paris)
(58,94)
727. Italy, index of industrial production (M).—Istituto
Centrale di Statistica (Rome)
(58,94)
(56,92)
614. Imports of petroleum and petroleum products (M).—
Source 2; seasonal adjustment by Bureau of Economic
Analysis
(56,92)
616. Imports of automobiles and parts (M).—Source 2;
seasonal adjustment by Bureau of Economic
Analysis
(56,92)
618. Merchandise exports, adjusted, excluding military grants
(Q).-Source 1
(57,93)
620. Merchandise imports, adjusted, excluding military
(Q).-Source 1
(57,93)
622. Balance on merchandise trade (Q).-Source 1 (57,93)
651. Income on U.S. investments abroad (Q).—Source
1
"
(57,93)
652. Income on foreign investments in the United States
(Q).-Source 1
(57,93)
728. Japan, index of industrial production (M).—Ministry of
International Trade and Industry (Tokyo)
(58,94)
736. France, index of consumer prices (M).—Institut
National de la Statistique et des Etudes Economiques
(Paris); percent changes seasonally adjusted by Bureau
of Economic Analysis
(59,95)
737. Italy, index of consumer prices (M).-Istituto Centrale di
Statistica (Rome); percent changes seasonally adjusted by
Bureau of Economic Analysis
(59,96)
738. Japan, index of consumer prices (M).—Office of the
Prime Minister (Tokyo); percent changes seasonally
adjusted by Bureau of Economic Analysis
(59,95)
667. Balance on goods and services (Q).—Source 1(57,93)
742, United Kingdom, index of stock prices (M).-Central
Statistical Office (London)
(59,96)
743. Canada, index of stock prices (M).—Statistics Canada
(Ottawa)
(59,96)
557. Output of defense and space equipment (M).— Source
4
(54,91)
668. Exports of goods and services, excluding transfers under
U.S. military grants (Q).-Source 1
(57,93)
745. West Germany, index of stock prices (M).—Statistisches
Bundesamt (Wiesbaden)
(59,96)
559. Value of manufacturers' inventories, defense products
(EOM).-Source 2
(54,91)
669. Imports of goods and services, total (Q).—Source
1
(57,93)
561. Value of manufacturers' unfilled orders, defense products (EOM).-Source 2
(54,91)
746. France, index of stock prices (M).—Institut National de
la Statistique et des Etudes Economiques (Paris)
(59,96)
Il-F. International Comparisons
747. Italy, index of stock prices (M).—Banca d' Italia
(Rome)
(59,96)
548. Value of manufacturers' new orders, defense products
( M ) . - Source 2
(53,90)
564. Federal Government purchases of goods and services for
national defense (Q).—Source 1
(55,91)
19. United States, index of stock prices, 500 common stocks
(M).—Standard & Poor's Corporation (13,28,59,69,96)
748. Japan, index of stock prices ( M ) . Bank of Japan
(Tokyo)
(59,96)
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