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Business Conditions Digest
March 1982: page 61 t o end
IfiS&S
CONDITIONS
DIGEST
J
m
1 .
i
MARCH 1982
U.S. D E P A R T M E N T
OF COMMERCE
BUREAU OF
ECONOMIC ANALYSIS
-
U.S. DEPARTMENT OF COMMERCE
Malcolm Baldrige, Secretary
Robert G. Dederick, Assistant Secretary for Economic Affairs
BUREAU OF ECONOMIC ANALYSIS
George Jaszi, Director
Allan H. Young, Deputy Director
Charles A. Waite, A c t i n g Associate D i r e c t o r f o r
N a t i o n a l Analysis a n d P r o j e c t i o n s
Feliks T a m m , Editor
This r e p o r t is prepared in t h e Statistical Indicators Division of t h e B u r e a u of E c o n o m i c
Analysis. T e c h n i c a l staff and t h e i r responsibilities f o r t h e p u b l i c a t i o n a r e —
Barry A. Beckman—Technical s u p e r v i s i o n a n d review
Brian D. Kajutti—Composite indexes
Morton Somer—Seasonal a d j u s t m e n t s
Betty F. Tunstall—Data c o l l e c t i o n and c o m p i l a t i o n (Phone: 2 0 2 - 5 2 3 - 0 5 4 1 )
T h e c o o p e r a t i o n of g o v e r n m e n t and private agencies t h a t p r o v i d e data is g r a t e f u l l y
a c k n o w l e d g e d . Agencies f u r n i s h i n g data are i n d i c a t e d in t h e list of series titles a n d sources
at t h e back of this report.
This p u b l i c a t i o n is prepared under t h e general g u i d a n c e of a t e c h n i c a l c o m m i t t e e under t h e
auspices of t h e Office of Federal Statistical Policy a n d Standards. The C o m m i t t e e consists of
t h e f o l l o w i n g persons:
Beatrice N. Vaccara, C h a i r m a n , Bureau of I n d u s t r i a l E c o n o m i c s , U.S. D e p a r t m e n t of
Commerce
John H. Auten, U.S. D e p a r t m e n t of t h e T r e a s u r y
Joseph W. Duncan, Office of M a n a g e m e n t and Budget
Ronald E. Kutscher, Bureau of Labor Statistics, U.S. D e p a r t m e n t of Labor
J. Cortland Peret, Board of Governors of t h e Federal Reserve System
Charles A. Waite, Bureau of E c o n o m i c Analysis, U.S. D e p a r t m e n t of C o m m e r c e
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 1968, 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.
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.
Annual subscription price: $60 domestic, $75
foreign. Single copy price: $5.50 domestic,
$6.90 foreign. Foreign airmail rates are available
upon request. Address all correspondence
concerning subscriptions to the Superintendent
of Documents, U.S. Government Printing Office,
Washington, D.C. 20402. Make checks payable
to the Superintendent of Documents.
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.
BUSINESS CONDITIONS DIGEST
New Features and Changes for This Issue
iii
METHOD OF PRESENTATION
Seasonal A d j u s t m e n t s
1
MCD Moving Averages
1
Reference T u r n i n g Dates
1
Part I. C y c l i c a l l n d i c a t o r s
1
Part II. Other I m p o r t a n t E c o n o m i c Measures
4
How To Read Charts
5
How To Locate a Series
5
S u m m a r y of Recent Data and C u r r e n t Changes
6
MARCH 1982
Data Through February
Volume 22, Number 3
PART I.
CYCLICAL INDICATORS
E I
COMPOSITE INDEXES AND
THEIR COMPONENTS
A1
A2
A3
A4
C o m p o s i t e Indexes
Leading Index C o m p o n e n t s
C o i n c i d e n t Index C o m p o n e n t s
Lagging Index C o m p o n e n t s
Q
Chart
Table
10
12
14
15
60
—
—
—
16
19
21
23
26
28
31
61
63
64
65
68
69
71
36
74
77
CYCLICAL INDICATORS
BY ECONOMIC PROCESS
B1
B2
B3
B4
B5
B6
B7
c
CI
C2
C3
:
E m p l o y m e n t and U n e m p l o y m e n t
P r o d u c t i o n and I n c o m e
C o n s u m p t i o n , Trade, Orders, and Deliveries
Fixed Capital Investment
Inventories and Inventory I n v e s t m e n t
Prices, Costs, and Profits
Money and Credit
DIFFUSION INDEXES
AND RATES OF CHANGE
Diffusion Indexes
Selected Diffusion Index C o m p o n e n t s
Rates of Change
The Secretary of Commerce has determined
t h a t the p u b l i c a t i o n of this periodical is
necessary in the transaction of the public
business required by law of this Department. Use
39
—
of funds for printing this periodical has been app r o v e d by t h e D i r e c t o r of t h e O f f i c e of
Management and Budget through September 1,
1983.
PART II.
OTHER I M P O R T A N T
ECONOMIC MEASURES
NATIONAL INCOME
AND PRODUCT
Al
A2
A3
A4
A5
A_6
A7
A8_
Chart
Table
40
41
42
43
44
45
46
47
80
80
81
81
82
82
82
48
49
84
87
51
89
52
53
90
90
56
57
92
93
58
59
59
94
95
96
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
83
PRICES, WAGES,
AND PRODUCTIVITY
B1
B2
Price Movements
Wages and Productivity
LABOR FORCE, EMPLOYMENT,
AND UNEMPLOYMENT
[ c D
Civilian Labor Force and Major Components
GOVERNMENT ACTIVITIES
Dl
D2
Receipts and Expenditures
Defense Indicators
U.S. INTERNATIONAL TRANSACTIONS
El
E2
Merchandise Trade
Goods and Services Movements
INTERNATIONAL COMPARISONS
F1
F2
F3
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 (February 1982 issue)
C. Historical Data for Selected Series
D. D e s c r i p t i o n s a n d S o u r c e s Of S e r i e s (See "Alphabetical
Index—Series
97
Finding
E. Business Cycle Expansions and Contractions (February 1982 issue)
F. Specific Peak and Trough Dates for Selected Indicators (April 1981 issue)
G. Experimental Data and Analyses
Alphabetical Index—Series Finding Guide
Titles and Sources of Series
Guide")
106
110
114
»
Readers are invited t o submit comments and
suggestions concerning this publication.
Address them t o Feliks T a m m , Chief, Statistical
Indicators Division, Bureau of Economic Analysis,
U.S. Department of Commerce, Washington, D.C. 20230
\\C\M
INtW
c c a t i iditc
rLA I U K t o
AND CHANGES
FOR THIS
ISSUE
A limited number of
changes are made from
time to time to incorporate r e c e n t findings of economic
research, newly available time series, and
revisions made by
Changes in this issue are as follows:
source agencies in
1. The January value f o r average workweek in manufact u r i n g (series 1) has been omitted from the index of leading
indicators (series 910). This is necessary to avoid the d i s t o r t i n g e f f e c t s of the extremely low average workweek caused
by severe weather during the January survey week.
concept,
composition,
comparability,
coverage,
seasonal
adjustment
methods,
benchmark
data, etc. Changes may
Including the January average workweek would reduce the
revised December to January change in the index of leading
indicators by about 1.5 percentage p o i n t s , and i t would i n crease the January to February change by about the same
amount. The r e s u l t i n g changes in the leading index would
be meaningless. Instead, the January average workweek has
been replaced by a s u b s t i t u t e value obtained by i n t e r p o l a t i n g between the December and February values using the
average of the movement of the other components.
The Bureau of Labor S t a t i s t i c s has revised the January
value of average workweek ( o r i g i n a l l y reported as 36.9 hours)
to 37.3 hours and released a preliminary February value of
39.1 hours. The s u b s t i t u t e value f o r January obtained by
the procedure described above is 39.0 hours.
2. The series based wholly or in part on consumer i n stallment c r e d i t (series 66, 95, qnd 113) have been revised
f o r the period 1980 to date. These revisions r e f l e c t the
source agency's adjustment of data f o r commercial bank, ret a i l e r , and gasoline company components to new benchmarks.
Further information concerning these revisions may be
obtained from the Board of Governors of the Federal Reserve
System, Division of Research and S t a t i s t i c s , Mortgage and
Consumer Finance Section.
(Continued on page i v . )
The A p r i l
i s s u e o f BUSINESS CONDITIONS DIGEST i s
f o r release on May 4.
scheduled
result in revisions of
data, additions
or
deletions of series,
changes in placement of
series in relation to
other series, changes
in composition
indexes, e t c .
of
3. The series on exports, excluding m i l i t a r y aid shipments, t o t a l (series 602)
and general imports (series 612) have been revised by the source agency f o r the year
1981 to r e f l e c t the annual updating of basic s t a t i s t i c s and new seasonal adjustment
factors.
For general imports (series 612), beginning with the compilation of s t a t i s t i c s
f o r 1982, the source agency i s s u b s t i t u t i n g customs value f o r both the f . a . s . ( f r e e
alongside ship) value and the arms-length transaction value components of the c . i . f .
(cost, insurance, and f r e i g h t ) value. Compilation of the f . a . s . and arms-length
transaction values is discontinued. The 1982 c . i . f . figures are based on customs
value plus aggregate charges (insurance and f r e i g h t charges involved in i n t e r n a t i o n a l
transportation to the U.S. port of e n t r y f . The 1981 c . i . f . figures are based on the
arms-length transaction value plus aggregate charges.
Further information concerning these revisions may be obtained from the U.S.
Department of Commerce, Bureau of the Census, Foreign Trade D i v i s i o n .
4. Revised data f o r the series on money stock measures (series 85, 102, and
104-108) are included i n t h i s issue f o r the period 1948 through 1980. Revised data
f o r the period since 1980 were included in the February 1982 issue. (See items 9
and 11 on page i v of that issue.)
5. Series §41 (real average hourly earnings of production workers, p r i v a t e
nonfarm economy) \\as been revised by the source agency f o r the period 1977 to date.
This r e v i s i o n r e f l e c t s the recent computation of new seasonal adjustment factors f o r
the consumer price index, a l l items, which i s used as the d e f l a t o r .
(See item 11 on
page i v of the February 1982 issue.)
Further information concerning t h i s revision may be obtained from the U.S. Department of Labor, Bureau of Labor S t a t i s t i c s , O f f i c e of P r o d u c t i v i t y and Technology,
Division of P r o d u c t i v i t y Research.
6. The series on net change in mortgage debt held by f i n a n c i a l i n s t i t u t i o n s and
l i f e insurance companies (series 33) has been revised f o r the period 1980 to date to
r e f l e c t the annual updating of basic s t a t i s t i c s on mortgage debt held by savings and
loan associations.
Further information concerning t h i s revision may be obtained from the U.S. Savings and Loan League, 1709 New York Avenue, N.W., Washington, D.C. 20006.
7. Appendix C contains h i s t o r i c a l data f o r series 6-10, 13, 20, 28, 33, 36, 37,
42-45, 53, 60, 72, 90-92, 112, 570, and 580.
8. Appendix G contains recession comparisons f o r series 20, 40, 43, 57, 74, 90,
914, and 915.
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 1948, 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.
In 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.
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
The charts in this report generally include significance, statistical adequacy, consistency of
centered MCD moving averages for those series timing at business cycle peaks and troughs,
with an MCD greater than 4. The seasonally c o n f o r m i t y t o b u s i n e s s e x p a n s i o n s a n d
adjusted data are also plotted to indicate their contractions, smoothness, and prompt availability
variation about the moving averages and to provide (currency). A formal, detailed weighting scheme
was developed and used to assess each series by all
observations for the most recent months.
of the above criteria. (See articles in the May and
November 1975 issues of BCD.) The resulting
Reference Turning Dates
scores relate to cyclical behavior of the series
The historical business cycle turning dates used during the period 1947-70. This analysis produced
in this report are those designated by the National a new list of indicators classified by economic
Bureau of Economic Research, Inc. (NBER). They process and typical timing at business cycle peaks
mark the approximate dates when, according to and troughs. (See tables on page 2 and text below
NBER, aggregate economic activity reached its relating to section B.)
cyclical high or low levels. As a matter of general
This information, particularly the scores relating
practice, neither new reference turning dates nor to consistency of timing, served as a basis for the
the shading for recessions will be entered on the selection of series to be included in the composite
charts until after both the new reference peak and indexes. The indexes incorporate the best-scoring
the new reference trough bounding the shaded area series from many different economic-process
groups and combine those with similar timing
have been designated.
The historical reference turning dates are subject behavior, using their overall performance scores as
to periodic review by NBER and on occasion are weights. Because they use series of historically
changed as a result of revisions in important tested usefulness and given timing characteristics
economic time series. The dates shown in this (for example, leading at both peaks and troughs),
publication for the 1948-1970 time period are those with diversified economic coverage and a minimum
determined by a 1974 review. Since then, NBER has of duplication, composite indexes give more
designated turning points for the 1973-1975 reces- reliable signals over time than do any of the
individual indicators. Furthermore, much of the
sion and the 1980 recession.
1
Cross-Classification of Cyclical Indicators by Economic Process and Cyclical Timing
A. Timing at Business Cycle Peaks
Economic
\Process
Cyclical
Timing
N.
\
L E A D I N G (L)
INDICATORS
(62 series)
ROUGHLY
COINCI DENT(C)
INDICATORS
( 2 3 series)
L A G G I N G (Lg)
INDICATORS
(18 series)
TIMING
UNCLASSIFIED
(U)
(8 series)
1.
EMPLOYMENT
AND
UNEMPLOYMENT
(18 series)
II.
PRODUCTION
AND
INCOME
(10 series)
III.
CONSUMPTION.
TRADE,
ORDERS, A N D
DELIVERIES
(13 series)
IV.
FIXED
CAPITAL
INVESTMENT
(18 series)
V.
INVENTORIES
AND
INVENTORY
INVESTMENT
(9 series)
VI.
PRICES,COSTS,
A N D PROFITS
(17 series)
VII.
MONEY
A N D CREDIT
(26 series)
Marginal
employment
adjustments
(6 series)
Job vacancies
(2 series)
Comprehensive
employment
( 1 series)
Comprehensive
unemployment
(3 series)
Capacity
utilization
(2 series)
N e w and
u n f i l l e d orders
and deliveries
(6 series)
Consumption
(2 series)
F o r m a t i o n of
business
enterprises
(2 series)
Business
investment
commitments
(5 series)
Residential
construction
( 3 series)
Inventory
investment
( 4 series)
Inventories on
hand and on
order
( 1 series)
S t o c k prices
( 1 series)
Commodity
prices
( 1 series)
P r o f i t s and
profit
margins
(7 series)
Cash f l o w s
(2 series)
Money flows
(3 series)
Real m o n e y
supply
(2 series)
Credit f l o w s
( 4 series)
Credit
difficulties
(2 series)
Bank reserves
(2 series)
1 nterest rates
( 1 series)
Comprehensive
employment
( 1 series)
Comprehensive
o u t p u t and
real i n c o m e
(4 series)
Industrial
production
( 4 series)
Consumption
and trade
(4 series)
Backlog o f
investment
commitments
( 1 series)
Business
investment
expenditures
(5 series)
Duration of
unemployment
(2 series)
Business
investment
expenditures
( 1 series)
Comprehensive
employment
(3 series)
Trade
( 1 series)
Velocity of
money
(2 series)
Interest rates
(2 series)
Business
Investment
commitments
( 1 series)
U n i t labor costs
and labor share
( 4 series)
Interest rates
(4 series)
Outstanding
debt
(3 series)
Commodity
prices
( 1 series)
P r o f i t share
( 1 series)
Inventories o n
hand and o n
order
(4 series)
Interest rates
( 1 series)
B. Timing at Business Cycle Troughs
N.
Economic
\Process
Cyclical
Timing
\
N.
L E A D I N G (L)
INDICATORS
(47 series)
ROUGHLY
COINCI DENT(C)
INDICATORS
(23 series)
L A G G I N G (Lg)
INDICATORS
(40 series)
1.
EMPLOYMENT
AND
UNEMPLOYMENT
( 1 8 series)
II.
PRODUCTION
AND
INCOME
(10 series)
III.
CONSUMPTION,
TRADE,
ORDERS, A N D
DELIVERIES
(13 series)
IV.
FIXED
CAPITAL
INVESTMENT
(18 series)
V.
INVENTORIES
AND
INVENTORY
INVESTMENT
(9 series)
VI.
P R I C E S , COSTS,
A N D PROFITS
(17 series)
VII.
MONEY
A N D CREDIT
(26 series)
Marginal
employment
adjustments
(3 series)
Industrial
production
( 1 series)
N e w and u n f i l l e d
orders and
deliveries
(5 series)
Consumption
and trade
( 4 series)
F o r m a t i o n of
business
enterprises
(2 series)
Business
investment
commitments
(4 series)
Residential
construction
(3 series)
Inventory
investment
(4 series)
S t o c k prices
( 1 series)
Commodity
prices
(2 series)
P r o f i t s and
p r o f i t margins
(6 series)
Cash flows!
(2 series)
Money flows
(2 series)
Real m o n e y
supply
(2 series)
Credit f l o w s
(4 series)
Credit
difficulties
(2 series)
Marginal
employment
adjustments
(2 series)
Comprehensive
employment
( 4 series)
Comprehensive
o u t p u t and
real i n c o m e
( 4 series)
Industrial
production
( 3 series)
Capacity
utilization
(2 series)
Consumption
and trade
( 3 series)
Business
investment
commitments
( 1 series)
Profits
(2 series)
Money flow
( 1 series)
V e l o c i t y of
money
( 1 series)
U n f i l l e d orders
( 1 series)
Business
investment
commitments
(2 series)
Business
investment
expenditures
(6 series)
U n i t labor costs
and labor share
(4 series)
Velocity of
money
(1 series)
Bank reserves
(1 series)
Interest rates
(8 series)
O u t s t a n d i n g debt
(3 series)
Marginal
employment
adjustments
( 1 series)
J o b vacancies
(2 series)
Comprehensive
employment
( 1 series)
Comprehensive
and d u r a t i o n
of
unemployment
(5 series)
TIMING
UNCLASSIFIED
(U)
(1 series)
Inventories o n
hand and o n
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
w e l l - e s t a b l i s h e d d i f f e r e n c e s in t i m i n g .
Consequently, rough coincidences include short
leads ( - ) and lags ( + ) as well as exact
coincidences (0). (For monthly series, the range is
from -3 through + 1 at peaks and from -1 through
+ 3 at troughs, where minus denotes leads and
plus denotes lags in months.)
For purposes of constructing a composite index,
each component series is standardized: The monthto-month percent changes in a given series are
divided by the long-run average (without regard to
sign) of those changes. Thus, the more volatile
series are prevented from dominating the index.
The coincident index is calculated so that its longterm trend (since 1948) equals the average of the
trends of its four components. This trend, which is
similar to that of GNP in constant dollars, can be
viewed as a linear approximation to the secular
movement (at an average growth rate) in aggregate
economic activity. The indexes of leading and lagging indicators have been adjusted so that both
their trends and their average month-to-month
percent changes (without regard to sign) are approximately equal to those of the coincident index.
(For a more detailed description of the method of
constructing the composite indexes, see the 1977
Handbook of Cyclical Indicators.)
In addition to these principal composite indexes,
differentiated according to cyclical timing, there
are five indexes based on leading indicators which
have been grouped by economic process. Taken
together, these additional indexes include all 12
component series of the overall leading index, plus
a few related series. Also shown in this section is
the ratio of the index of roughly coincident
indicators to the index of lagging indicators, a August '57, April '60, and December '69); crossseries known to have a useful pattern of early classification B, on their behavior at five business
cyclical timing. Numbers entered on the charts of
cycle troughs (October '49, May '54, April '58,
the composite indexes show the length, in months,
February '61, and November '70). Each tabulation
of leads ( - ) and lags ( + ) at each of the reference distinguishes seven major economic processes and
turning dates covered.
four types of cyclical timing. The titles in the cells
The next set of data consists of series included
identify subgroups of the given economic process
in the principal composite indexes. These are the with the given timing characteristic. The number of
12 components of the leading index, the 4 series in each such group is given in parentheses
components of the coincident index, and the 6 following the title. Complete information on how
components of the lagging index. Following the title
individual indicators are classified by timing at
of each series, its typical timing is identified by
peaks, troughs, and all turns, along with selected
three letter symbols in a small box. The first of
measures and scores, is provided in the 1977
these letters refers to the timing of the given
Handbook of Cyclical Indicators.
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 Section C. Diffusion Indexes and Rates of Change
combined. " L " denotes a tendency to lead, " C " a
tendency to roughly coincide with the business
Many series in this report are aggregates
cycle turns (as represented by t h e NBER- compiled from numerous components. How the
designated reference dates), and "Lg" a tendency individual components of an aggregate move over a
to lag. Since these series have been selected for the given timespan is summarized by a diffusion index
consistency of their timing at both peaks and which indicates the percentage of components that
troughs, all components of the leading index are are rising (with half of the unchanged components
denoted "L,L,L," all components of the coincident considered rising). Cyclical changes in these
index "C,C,C," and all components of the lagging diffusion indexes tend to lead those of the
index "Lg,Lg,Lg." It should be remembered that corresponding aggregates. Since diffusion indexes
these classifications are based on limited evidence, are highly erratic, they are computed from changes
namely the performance of the indicators during measured over 6- or 9-month (or 3- or 4-quarter)
the busin2 r -s cycles of the 1948-70 period, which spans, as well as 1-month (or 1-quarter) spans.
included five peaks and five troughs. While the Longer spans help to highlight the trends underlytiming classifications are expected to agree with ing the shorter-term fluctuations. Diffusion indexes
the patterns prevailing in the near future, they will are shown for the component series included in
not necessarily hold invariably in every instance. each of the three composite indexes and for the
The timing of the series in the post-1970 period can
components of some of the aggregate series shown
be determined by inspection of the charts, where the
in section B.
1973-1975 recession and the 1980 recession are
Diffusion measures can be derived not only from
shaded according to the dates of the NBER reference
actual data but also from surveys of anticipations
cycle chronology.
or intentions. Indexes based on responses of
business executives about their plans a n d
expectations for several operating variables are
Section B. Cyclical Indicators by Economic Process
presented, along with the corresponding indexes
based on actual data, as the last set of diffusion
This section covers 111 individual time series,
including t h e 2 2 indicators used in t h e series.
construction of the composite indexes. The peak
This section also records rates of change for the
and trough timing classifications are shown on the three composite indexes (leading, coincident, and
charts in the same manner as described above, but
lagging) and for four indicators of aggregate
this section includes series with different timing at
economic activity: GNP in constant dollars
peaks and at troughs, as well as series where the
(quarterly), industrial production, employee hours
timing is not sufficiently consistent to be classified
in nonagricultural establishments, and personal
as either L,C, or Lg according to the probabilistic
income less transfers in constant dollars. Rates of
measures and scoring criteria adopted. Such series
change are shown for 1- and 3-month spans or for
are labeled U, i.e., unclassified as to timing at
1-quarter spans.
turning points of the given type. Eight series are
Although movements in diffusion indexes and in
unclassified at peaks, one series at troughs, and 19
rates of change for the same aggregates are
series at all turns (of the 19, 15 have definite but
generally positively correlated, these two measures
different timing at peaks and at troughs). No series
present information about two related but distinct
that is classified as U both at peaks and at troughs
aspects of economic change. Diffusion indexes
is included in the list of cyclical indicators.
measure the prevailing direction or scope of
change, while rates of change measure the degree
The classification scheme which groups the
as well as the overall direction. As is the case for
indicators of this section by economic process and
cyclical timing is summarized in t h e t w o diffusion indexes, cyclical movements in the rates
of change tend to lead those of the corresponding
tabulations on page 2. Cross-classification A is
indexes or aggregates, and thus, they tend to lead
based on the observed behavior of the series at five
at the business cycle turns as well.
business cycle peaks (November '48, July '53,
3
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
private business. The former include all private labor force and its major components: Total
a wide range of quarterly and monthly time series
purchases of dwellings, whether purchased for numbers of employed and unemployed persons.
measuring various aspects of economic activity.
tenant or owner occupancy. Net purchases of used The number of unemployed is subdivided into
Some of these series are very comprehensive,
selected categories defined by sex, age, and class
goods are also included.
pertaining to the U.S. economy as a whole, others
Government purchases of goods and services of worker. Also included are data on participation
have to do with particular sectors or markets, and
(A4) is the compensation of government employees rates for a few principal segments of the labor
still others relate to U.S. international transactions
and purchases from business and from abroad. It force.
or to selected foreign countries. The represented
excludes transfer payments, interest paid by
variables include incomes, o u t p u t s , a n d
Section D. Government Activities
government, and subsidies. It includes gross
expenditures; prices, earnings, and productivity;
investment by government enterprises but excludes
Receipts, expenditures, and their balance (surlabor resources; g o v e r n m e n t
receipts,
their current outlays. It includes net purchases of plus or deficit) are shown quarterly on two levels:
expenditures, and defense-related activities; exused goods and excludes sales and purchases of (1) Federal Government and ( 2 ) State and local
ports and imports; and selected indicators for a few
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
The 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
t h e r e f o r e d e d u c t e d . 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 ( A 6 ) is the incomes that These series are grouped according to the time at
Section A1 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. shipments, are classified as "intermediate and final
constant dollars. There are also a few per capita
Total gross saving includes personal saving, measures of defense activity."
series. The national income and product accounts,
business saving (mainly undistributed corporate
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
m a j o r e x p e n d i t u r e c o m p o n e n t s of G N P (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
Section B. Prices, Wages, and Productivity
persons (individuals, owners of unincorporated
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 inreflecting the changing proportions of different dustrial production index for the European
Disposable personal income is the personal
expenditure categories in GNP) and the fixed- countries in the Organization for Economic
income available for spending or saving. It consists
weighted price index for the gross business prod- Cooperation and Development (OECD). The inof personal income less personal taxes and nontax
uct. 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,
consists of data on average hourly earnings and dexes (plotted for the period since 1971) provide
operating expenses of nonprofit institutions, and
important measures of the rates of inflation in the
average hourly compensation (including earnings
the value of food, fuel, clothing, rent of dwellings,
major industrialized countries. Stock prices (also
and financial services received in kind by in- and other benefits) in current and constant dollars,
shown beginning in 1971) tend to be significant as
output per hour of work in the business sector, and
dividuals. Net purchases of used goods are also inleading indicators.
rates of change for most of these measures.
cluded.
Part II. 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.
Trough (T) of cycle indicates
end of recession and beginning of expansion as designated b y NBER.
Solid line indicates m o n t h l y
data. (Data may be actual
monthly figures or moving
averages.)
Arabic number indicates latest
month f o r wbich data are
plotted. ( " 9 " = September)
Dotted line indicates anticipated data.
Broken line indicates actual
monthly data f o r series where
a moving average is plotted.
Roman number indicates
latest quarter f o r which data
are plotted. ( " I V " = f o u r t h
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.
Arabic number indicates latest
month f o r 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 f o r 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 w i t h i n
the spans they cover.
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
w i t h 1 cycle in a given distance, "scale L - 2 " is a logarithmic scale w i t h t w o cycles
in that distance, etc.
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- or 4-quarter spans.
Roman number indicates
latest quarter used in computing the changes.
HOW TO LOCATE A SERIES
1. See A L P H A B E T I C A L I N D E X - S E R I E S F I N D I N G 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 T I T L E S A N D SOURCES OF SERIES at the back of
the report where series are listed numerically according to
series numbers w i t h i n each of the report's sections.
Table 1. Summary of Recent Data and Current Changes for Principal Indicators —Continued
Percent change
Unit
of
measure
Timing
classification 3
Series title
Average
2d Q
1981
1980
3d Q
1981
4th Q
Jan.
1982
Dec.
1981
1981
Dec.
to
Jan.
1982
Feb.
1982
1981
2d Q
to
lan.
to
Feb.
1982
3d Q
1981
- 2
E
3d Q
to
4th Q
1981
I. C Y C L I C A L I N D I C A T O R S
A. Composite Indexes
9 1 0 . Twelve leading indicators
L.L.L
L 3 1. 2
133 . 0
136 . 2
13 3 . 3
127.6
126 .8
125.3
124.9
- 1 . 2
-0 . 3
-4
3
910
920.
C.C.C
do. .
140
141 .4
14 2 . 3
14 2 . 4
133.4
136 .6
1 3 4 . 1
135
- 1 . 8
0.7
0
.1
- 2
8
920
LQ.Lg.Lg
do. .
176 .8
1,3 7 . 9
186 .8
193 . 8
135.4
181 .6
182.4
186. 3
2 . 1
3
7
- 4
3
930
5
9 13
Four coincident indicators
9 3 0 . Six lagging indicators
1967=100
3
.1
0
.4
1
Leading Indicator Subgroups:
92 . 9
92 .9
9 3 .2
89.9
89 . 1
..
L.L.L
107 . 2
103 .0
10 5 . 0
102 . 2
98.9
98 .6
9 8 . 5
9 7 . 7
Inventory investment and purchasing
913.
L,L,L
101 . 0
10 3 . 0
9 2 .9
97.6
NA
99 . 1
NA
97.4
90 .8
10 3 . 8
9 4 . 0
99 . 9
L,L,L
102 .4
NA
L.L.L
135 .6
1 53
14 0 . 4
138 . 0
136.1
136 .2
Marginal e m p l o y m e n t ad|ustments .
9 1 4 . Capital investment c o m m i t m e n t s
915.
916. P r o f i t a b i l i t y
L,L,L
'
917. Money and financial Hows
94
NA
NA
NA
13 7 . 0
NA
- 0 . 1
- 1 . 7
NA
NA
135.5
0 .6
NA
- 1
4
-3
.8
- 2
7
- 3
2
9 14
0 . 2
NA
- 0
- 1
8
2
- 3
0
NA
9 15
- 1 . 1
- 1
7
- 1
4
9 17
4.8
- 1
0
- 1
3
1
0 .
- 0
1
-0
4
2 1
- 0
1
- 0
3
-0
916
B. Cyclical Indicators by Economic Process
B1. E m p l o y m e n t and U n e m p l o y m e n t
Marginal E m p l o y m e n t A d | i i s t m e n t s .
* 1 . Average w o r k w e e k , prod, workers, mfg
L, L , L
21. Avg. w e e k l y overtime, prod, workers, mfg. 2
L.C.L
2. Accession rate, per 100 employees, mfg. 2 . . .
Hours
do.
..
3. l a y o f f rate, per 100 e m p l o y . , mfg. ( i n v . 4 ) 2
.
4. Quit rate, per 100 employees, mfg. 2
Percent. . . .
L.C.L
* 5 , Avg. weekly initial claims ( i n v e r t e d 4 )
L,L,L
L,L,L
3 9 .7
2 .8
Thousands.
39 . 1
2 .4
2 . 3
2 . 3
- 0 . 1
S. 3
3 . 2
2.9
2 .7
NA
NA
NA
4 46
40 0
1. 2
433
1 .4
5 36
5 51
56 3
514
- 2 . 2
- 3
2
-23
8
1 .6
2.2
2 .2
NA
NA
NA
NA
- 0
2
- 0
8
3
1 . 3
1 .5
3 9 .8
2 . 9
.3
3. 0
3 . 2
1 .7
dn. .
L.Lg.l)
40 . 2
2 .8
4 JO
Percent. . . .
39 .8
3 . 5
1 . 3
1 . 4
1 . 1
1 . 1
NA
NA
NA
NA
0
1
- 0
3
4
.439
118
0 .3 60
.339
109
0 . 3 39
10 6
0 . 3 2 3
104
39.3
2 . 5
3 9.0
37
- 4
.4
NA
8 . 7
2
5
Job Vacancies.
60. Ratio, help-wanted advertising to persons
unemployed2
L,Lg,U
Ratio.
L.Lg.U
46. Help-wanted advertising
1967-100.
.. .
0.508
1 29
0
.429
0 . 4 4 0
119
119
0
n o
0
0 .
- 0 . 0 1 6
- 2 . 9
- 0 . 0 0 1
3
- 0 . 0 7 9
60
- 6
46
- 1 . 9
- 0
2.5
- 0
0 .
- 0
1
- 0
6
42
0
4
7
- 0
5
41
- 2
.1
4 0
8
Comprehensive E m p l o y m e n t :
48. Employee hours in nonagri. establishments .
U.C.C
A.r., bil. hrs.
4 2 . Persons engaged in nonagri. activities
U.C.C
Thousands.
*41.
Employees on nonagri. payrolls
169 . 3 3
17 0 . 8 3
170 . 91
1 7 0 . 15
1 7 0 . 2 1
16 5 . 8 5
170.02
9 7,030
9 7 , 3 7 7
9 7,28 6
9 6 , 7 2 3
96,404
9 6 , 1 7 0
9 6 , 2
90,5
64
91,548
9 1 , 5 4 6
91,9
38
9 1 , 4 3 9
90,8
90,936
do. . .
25,395
9 1 , 1 1 3
25,104
2 5 , 6 7 6
2 5 , 7 4 1
2 5,933
Percent
5 8 . 47
58 . 28
58 . 6 1
58 . 3 3
57
L.Lg.U
Thousands
L,Lg,U
..
2 5,718
U,Lg,U
4 0 . Employees in mfg,, m i n i n g , c o n s t r u c t i o n
1 6 9 . 94
9 5,938
do. . .
C.C.C
Percent. . .
7 , 6 37
7 .1
8,273
7 .6
8 , 0 5 0
7 .4
>3,013
7 .4
9,113
8.4
L.C.U
39
17
- 2 . 4
- 0
.2
- 0 . 3
2 4 , 7 6 4
2 4 , 7 8 9
- 1 . 4
57 . 47
57.40
5 7 . 3 5
- 0 . 0 7
9,5 71
8 .8
9,298
9 , 5 7 5
8 . 3
0 . 1
0 . 1
0
5
0
1
48
90. Ratio, civilian e m p l o y m e n t to total populat i o n of w o r k i n g age 2
.78
- 0 . 0 5
- 0 . 2 8
- 0 . 5 5
9 0
Comprehensive U n e m p l o y m e n t :
37. Total u n e m p l o y e d ( i n v e r t e d 4 )
43. U n e m p l o y m e n t rate, total
(inverted4)2...
4 2
45. Avg. weekly insured u n e m p l o y . r a t e ( i n v . )
L.Lg.U
do. .
3 .9
* 9 1 . Avg. d u r a t i o n of u n e m p l o y m e n t ( i n v e r t e d 4 )
Lg.Lg.Lg
Weeks. . . .
11 .9
44. U n e m p l o y . rate, 15 weeks and over ( i n v . 4 ) 2
Lg.Lg.Lg
Percent. , .
1 .7
3 . 4
13 . 7
2 . 1
3. 3
13 . 8
2 . 1
3 . 2
14 . 0
2 .0
3 . 8
13.2
2 . 2
8 .5
4 .1
4 . 0
12 . 8
13.5
2 .2
4.0
14 . 1
2 .2
2.5
2.9
0 .3
0 . 1
- 5 . 5
- 3 . 0
- 0 . 3
0 .
U
- 4 . 4
0 .
0
0
- 0 . 3
5
-13
- 1
7
0
1
- 0
b
45
5
7
91
1
- 0
2
44
1
5 0
- 1 .4
0
37
4 3
B2. Production and Income
Comprehensive O u t p u t and Income
1480 .7
50. GNP in 1972 dollars
C,C,C
>.r., bil. dol.
1510 . 3
1510 .4
1515 .8
1498.4
52. Personal income in 1972 dollars
C,C,C
. . . .do. . .
120 7 .5
1240 .7
12 36 . 6
1247 .9
1247
C.C.C
. . . .do. . .
1043 . 2
1068 .7
1067 . 3
107 3 . 0
1073.5
231 . 1
230 .9
* 5 1 . Pers. income less transfer pay., 1972 dollars .
.6
0 .4
- 1
12 4 5 . 4
1238
.9
1243
.8
- 0 . 5
0.4
0 .9
0
52
1070 .5
1064
.8
1068
.9
- 0 . 5
0 . 4
0
5
0
51
224 .8
224
.2
224
.6
- 0 . 3
0 . 2
- 0
4
- 1
7
53
47
53. Wages and salaries in mining, mfg., and cons t r o c t i o o , 1972 dollars
232 .0
231 . 1
227
.1
Industrial P r o d u c t i o n :
147 .0
151 .0
15 2 . 5
153 . 0
146.2
143 .2
139.6
141.8
- 2 . 5
1.6
0 .3
-4
4
73. Industrial p r o d u c t i o n , durable mfrs
C.C.C
do.
..
136 .7
14 0 . 5
14 3 . 1
14 2 . 6
134.5
131 . 2
126.6
129.2
2 . 1
7
7 3
C.L.L
do.
..
166 .0
686 . 3
166 .8
691 . 9
160.0
672 .6
153.5
15 5 . 8
- 4
1
74
49. Value of goods o u t p u t , 1972 dollars
164 .8
^34 .9
156 .9
C,C,C
1 6 1 . .2
665 .2
- 0 .3
0 5
-5
74. Industrial p r o d u c t i o n , nondurable mfrs
- 3 . 5
- 2 . 2
0 .8
- 2
8
49
79 . 1
79 . 3
- 4
*47.
C.C.C
Industrial p r o d u c t i o n , total
1967=100.
A.r., bil. dol.
1 . 5
Capacity U t i l i s a t i o n :
78 .4
7 9 . 8
do.
82. Capacity u t i l i z a t i o n rate, mfg., F R B 2
78
7b
/ 8
..do.
8 0 .0
7 9 .9
8 1. 2
81 . 1
7 9 .3 2
38 . 30
85 . 07
38 . 2 4
87 . 8 8
39 . 74
87 . 7 8
39 . 06
7y . 17
79 .76
34 . 92
7 8 . 1 1
34.15
7 9 . 2 7
34 . 7 1
- 2 . 1
- 2 . 2
1.5
1.6
- 0
34.76
33. 7 3
1 . 26
34 . 0 3
35 . 6 1
34 . 5 1
3 1 . 2 1
3 1.06
29
29
- 4 . 6
1. 1
- 3
308 . 82
U .07
309 .61
0 .62
3 14 . 4 8
1. 0 0
317 . 46
- 2 . 6 2
3 0 9 . 6 1
- 1 . 38
309 .61
3 0 9 . 8 6
40
45
52
46
33
30
32
36
320 . 11
349 . 82
3 5 1 . 54
35 3 . 7 5
344.24
3 4 2 . 23
336
.87
NA
- 1 . 6
1 5 4 . 63
156 . 15
157 . 68
156 . 59
151.40
1 5 0 . 74
147
.26
NA
- 2 . 3
.9
- 2 . 0
1.7
- 1 . 5
- 2 . 0
1.6
2 . 3
1.7
0 .5
- 2
Percent. .
83. Capacity u t i l i z a t i o n rate, mfg., B E A 2
84. Capacity u t i l i z a t i o n rate, materials, F R B 2 .
L,C,U
..
6. New orders, durable goods
L.L.L
Bil. dol. .
7. New orders, durable goods, 1972 dollars . .
L.L.L
.
* 8 . New orders, cons, goods and mtls., 1972 dol.
L.L.L
.
74
.7
- 0 .5
72
-2
7 5 . 2
- 0 .1
76
6
82
-4
83
- 5
9
84
1
-9
8
b
- 1 .7
- 1 1
0
7
- 9
6
8
0 . 38
0 .9
- 3 . 6 2
- 2
5
96
-6
-13
NA
0 .6
- 2 .7
56
NA
- 0 .7
- 3
3
57
6
75
- 1 .3
54
B3. Consumption, Trade, Orders, and
Deliveries
Orders and Deliveries:
25. Chg. in unfilled orders, durable goods 2
....
96. M f r s . ' u n f i l l e d orders, durable goods 5
* 3 2 . Vendor p e r f o r m a n c e
2
. . .do.
do.
L,L,L
L.Lg.U
Bil. do!., EOP
L,L,L
C.C.C
©
Percent
Bil. dol. .
.64
0 . 2 5
.98
- 0 . 0 5
309
.81
1.63
0
.1
2
- 0 . 3 0
0 .
4
1
25
3 2
Consumptioo and Trade
56. Manufacturing and trade sales
* 5 7 . M a n u f a c t u r i n g and trade sales, 1972 dollars
C.C.C
75. Industrial p r o d u c t i o n , consumer goods . . .
C.L.C
1967=100
145 .4
148 .0
150 .0
149 .4
54. Sales of retail stores
C.L.U
Mil. dol. .
7 9 , 7 2 1
8 7 , 1 2 6
86,247
8 8 , 2 1 3
87 , 109
87 , 444
8 6 , 1 6 5
8 7 , 5 5 2
59. Sales of retail stores, 1972 dollars
U.L.U
43,656
4 4 , 2 7 6
44 , 259
44 , 4 9 2
4 3,316
4 3 , 3 7 5
4 2 , 4 8 8
43,193
64 . 3
7 1 . 0
66.5
55. Personal c o n s u m p t i o n expend., autos
58. Index of consumer sentiment ( u )
....
do.
do
144 . 0
L.C.C
A.r., bil. dol
6 1 .8
68 . 0
63 .3
70 .2
I Q 1966=100
64 .4
70 .7
73 .9
74 . 8
65.7
138.6
140
- 0 .4
- 3
10
.4
- 6 . 3
6
5 9
10 . 9
62.9
L.L.L
141 .4
- 1 0 .4
55
1 .2
-12 .2
58
B4. Fixed Capital Investment
F o r m a t i o n of Business Enterprises:
*12.
Net business f o r m a t i o n
13. New business i n c o r p o r a t i o n s
Digitized for6
FRASER
L,L,L
Number.
121 . 1
1967=100
L,L,L
.
44,293
112 .9
4 8 , 3 8 4
116 . 0
4 9 , 1 9 4
112 . 2
48,828
105
.7
4 8 , 3 0 5
102 .7
NA
NA
NA
NA
-3 . 3
- 5 .8
12
4 7 , 5 5 6
NA
NA
NA
NA
- 0 .7
- 1
13
1
Table 1. Summary of Recent Data and Current Changes for Principal Indicators—Continued
Percent change
Unit
Timing
classification3
Jan.
Dec.
Average
of
2d Q
4th Q
Dec.
Jan.
Feb.
to
to
1981
1981
1982
1982
Jan.
Feb.
3d Q
1982
I. C Y C L I C A L
3d Q
1981
2d Q
1981
measure
1982
1981
- 4 . 5
- 0 . 4
to
INDICATORS—Con.
B4. Fixed Capital
Investment—Con.
Business I n v e s t m e n t C o m m i t m e n t s :
24
10. C o n t r a c t s a n d orders, p l a n t and e q u i p m e n t . .
*20.
L,L,L
1972 d o l
24.
N e w orders, cap. goods indus., n o n d e f e n s e
..
1 3 . 8 0
1 3 . 7 8
1 3 . 9 2
1 3 . 8 7
13
.49
14 .
13 . 10
1 2 . 5 1
- 7
L,L,L
2 2 . 5 5
2 3 . 4 6
2 3 . 9 4
2 3 . 9 9
22
.44
2 2 . 5 2
2 1 . 9 7
21.61
- 2 . 4
-1.6
12 . 14
1 1 . 17
11.12
-8.0
- 0 . 4
7
7 7 . 7 2
81.80
7 3 . 4 2
7 1 . 8 9
7 0 . 6
56 . 29
6 5 . 1 0
11
2 7 . N e w orders, capital g o o d s industries, n o n d e L,L,L
fense, 1 9 7 2 dollars
9. C o n s t r u c t i o n c o n t r a c t s , c o m m e r c i a l and in-
L,C,U
d u s t r i a l b u i l d i n g s , f l o o r space
11.
97.
. 9 5
C o n t r . a n d orders, p l a n t and e q u i p . ,
M i l . sq. f t .
. .
7 . 8 1
U.Lg.U
B a c k l o g of c a p i t a l a p p r o p r i a t i o n s , m f g .
5
Bil. d o l
2 5 . 9 0
2 6 . 3 3
28
C.Lg.Lg
New capital a p p r o p r i a t i o n s , m f g
Bil. d o l . , EOP
9 0 . 7 3
9 2 . 0 4
2 9 5 . 6 3
3 2 1 . 4 9
3 3 8 . 8 4
3 3 8 . 3 0
.44
-20
.3
1 5 . 7
22.61
9 2 . 0 4
3 1 6 . 7 3
3 1 0 . 9 8
2 6 . 5 1
9 7 . 3 4
9 6 . 5 6
5
.2
0.2
-10 .2
-6.8
0.8
Business I n v e s t m e n t E x p e n d i t u r e s :
61.
Business e x p e n d . , n e w p l a n t and e q u i p m e n t
.
C.Lg.Lg
3 2 7 . 8 3
3 . 6
6 9 . M a c h i n e r y and e q u i p m e n t sales and business
do. . . .
C.Lg.Lg
construction expenditures
76.
I n d u s t r i a l p r o d u c t i o n , business e q u i p
C.Lg.U
1967=100. . .
1 7 3 . 2
180.8
86.
Nonresid. f i x e d i n v e s t m e n t , t o t a l , 1972 d o l . .
C.Lg.C
A . r . , bil. d o l .
158
162
.4
.4
3 4 4 . 1 1
18 2 . 2
161.1
3 4 3 . 5 8
1 8 4 . 0
1 7 9 . 3
1 6 3 . 9
162
3 5 0 . 6 6
178
.4
327
NA
-6.6
NA
1 7 3 . 3
- 3 . 4
0 . 5
.59
1 7 2 . 4
.7
1 . 7
1.0
1 . 7
Residential C o n s t r u c t i o n C o m m i t m e n t s and
Investment.
28.
*29.
89.
New private housing u n i t s s t a r t e d , t o t a l
L.L.L
.
1 , 2 9 2
1 , 0 8 7
1 , 1 7 3
962
New b u i l d i n g p e r m i t s , p r i v a t e housing . .
L,L,L
1967=100. . .
9 6 . 6
7 8 . 3
3 9 . 3
7 0 . 8
L,L,L
48
4 5 . 2
4 7 . 8
4 2 . 7
882
60 .1
A.r., bil. dol.
39.4
F i x e d i n v e s t m e n t , residential, 1972 d o l .
B5. Inventories and Inventory
A.r., thous.
.1
865
6 3 . 7
953
1 . 5
6 . 5
6 4 . 2
5 . 5
- 4 . 5
895
67
.2
-18 .0
-20
.7
- 1 0 . 7
Investment
Inventory Investment:
Chg. in business i n v e n t o r i e s , 1972 d o l . 2
30.
*36.
....
- 2 . 9
7 . 1
10.8
14
- 9 . 6 0
L,L,L
1 . 6 5
2 .20
9 . 7 7
.9
4 . 2
4 . 1
Change in i n v e n t o r i e s on h a n d and o n order,
6 2
1972 dollars ( s m o o t h e d )
do.
L,L,L
31.
Chg. i n b o o k value, m f g and trade i n v e n t . 2
38.
Chg. in m t l . s t o c k s o n hand a n d on o r d e r 2
.
L.L.L
..
..
L,L,L
Bil. d o l . .
. .do.
3 1 . 0
36.6
3 5 . 0
5 5 . 6
0 . 3 8
•0.10
0 . 9 1
0 . 8 3
2 .18
- 2 . 1 5
14 . 5
-40
- 1 1 . 5 8
- 1 3 . 7 3
.9
- 2 5 . 0
-1.00
- 2 . 3 5
7 . 5 7
20.6
-0.08
1 5 . 9
- 1 . 7 9
- 1 . 8 5
I n v e n t o r i e s o n Hand and on O r d e r :
71.
*70.
Mfg. and trade i n v e n t o r i e s , t o t a l 5
L g . L g . L g . Bil. d o l . , EOP
Mfg. and trade i n v e n t . , t o t a l , 1972 d o l . 5
Lg,Lg,Lg
do
Lg.Lg.Lg
do.
6 5 . Mfrs.' i n v e n t o r i e s of f i n i s h e d goods 5
77.
4 7 5 . 2 0
5 1 1 . 7 6
4 9 4 . 2 3
5 0 8 . 1 3
5 1 1 . 7 6
5 1 1 . 7 6
509
. 6 8
2 6 2 . 9 7
268
2 6 5 . 4 0
26 8.53
268
268
266
.46
.78
.78
.78
2.8
- 0 . 4
1.2
- 0 . 9
7 6 . 5 6
8 3 . 8 5
81.21
8 3 . 7 8
8 3 . 8 5
8 3 . 8 5
1 . 7 1
1 . 7 0
1.68
1 . 7 1
1 . 7 8
1 . 7 8
2 1 8 . 2 4
2 1 9 . 4 1
222.26
2 1 9 . 4 1
2 1 9 . 4 1
- 0 . 2 3
- 0 . 3 5
- 0 . 4 8
- 0 . 7 7
270
264
26 3 .4
261.0
- 0 . 7
3 . 2
0 . 0 3
8 3 . 2 5
0 . 0 3
R a t i o , i n v e n t o r i e s to sales, mfg, a n d trade,
constant dollars2
78.
...
Lg.Lg.Lg
Ratio
1.81
Materials and supplies, stocks on hand and on
order5
L.Lg.Lg
B6. Prices, Costs, a n d
Bil. d o t , EOP
L.L.L
Percent. . .
U,L,L
1967=100.
224
.77
216
1.1
. 5 6
Profits
Sensitive C o m m o d i t y Prices:
*92.
Chg. in sensitive prices ( s m o o t h e d 6 ) 2
23. Spot market prices, raw industrials (u) .
1 . 4 9
298
.0
1.
27
283
.4
0.60
1 . 9 5
288 . 3
286
.4
.6
.2
- 0 . 1 3
- 0 . 2 9
- 1 . 3 5
- 0 . 3
- 0 . 9
- 0 . 7
S t o c k Prices:
* 1 9 . S t o c k prices, 5 0 0 c o m m o n s t o c k s @
118
.78
1 2 2 . 1 7
12
3 . 7 9
1 1 7 . 2 8
1 1 4 . 5 0
- 2 . 4
Profits and P r o f i t Margins:
16. C o r p o r a t e p r o f i t s after taxes
L.L.L
A . r . , bil. dol
1 5 5 . 8
1 5 2 . 7
156.
88.8
7 8 . 5
7 7 . 4
do. .
1 0 0 . 3
1 1 4 . 2
1 1 3 . 9
117 ,
80
L,C,L
do. .
5 5 . 1
5 7 . 9
1 4 5 . 2
76 .
L,C,L
do
.
in 1972 d o l .
15. P r o f i t s (after taxes) per d o l . of sales, m f g
2
L,L,L
....do.
1 6 3 . 2
.
79. Corp. profits after taxes with IVA and CCAdj .
18. Corp. p r o f i t s after taxes, 1 9 7 2 dollars . .
L,L,L
Cents.
L,L,L
26. Ratio, price to unit labor cost, nonfarm bus .
1977 = 100
. ..
58 . 2
NA
4 . 9
9 6 . 3
7 1 . 0
110.1
58 ,
5 . 1
5 4 . 2
4 ,
NA
9 6 . 8
9 6 . 9
276 .6
136 . 7
270 . 5
279
1 3 4 . 6
1 3 6 . 4
1 3 1 . 0
9 6 . 0
Cash F l o w s :
34. Net cash f l o w , c o r p o r a t e
35.
L,L,L
Net cash f l o w , c o r p o r a t e , 1972 d o l l a r s
...
2 6 5 . 4
L.L.L
1 4 1 . 8
.2
274
.2
3 . 2
1. 3
U n i t Labor Costs and Labor Share:
U n i t labor cost, p r i v a t e business sector
Lg.Lg.Lg
1977=100.
1 4 4 . 0
1 4 1 . 6
Dollars. . .
1 . 1 9 6
1.
1.266
1 . 2 9 5
1.
1967=100.
1 9 5 . 0
211.0
207
2 1 1 . 3
221.2
L a b o r cost (cor. d o l . ) per u n i t of gross
domestic product (1972), n o n f i n
*62.
64.
.. .
Lg.Lg.Lg
Lg.Lg.Lg
63.
68.
corp.
.
Labor cost per u n i t of o u t p u t , m f g
285
2 . 5
.6
334
2 . 3
-1.0
2 3 1 . 0
C o m p e n s a t i o n of e m p l o y e e s as percent of
national income
2
1.8
Lg.Lg.Lg
B7. M o n e y and Credit
Money:
8 5 . Change in m o n e y s u p p l y ( M l ) 2
L,L,L
6 2
* 104. Chg. in t o t a l l i q u i d assets ( s m o o t h e d )
..
105. M o n e y s u p p l y (M1), 1972 dollars
*106.
Money supply (M2), 1972 dollars
Percent.
0 . 5 3
0 . 5 2
0 . 3 2
0 .22
0
.74
1 . 0 3
L,C,U
102. Change in m o n e y s u p p l y ( M 2 ) 2
do.
0 . 7 2
0.80
0 . 7 7
0 . 7 1
0.82
0 . 7 0
1.02
0 . 3 4
0 . 3 2
L,L,L
do.
0 . 7 5
0 . 9 2
0 . 8 7
0 . 9 9
0 . 8 9
0.86
0 . 8
0 . 7 1
- 0 . 0 3
2 0 3 . 7
197
.6
200 .8
1 9 5 . 4
1 9 4 . 5
8 07.8
803
.6
803 .
802 .2
804.6
C,C,C
6 . 5 4 3
6.810
6 . 7 0 6
6.886
1 . 3 5 7
1 . 3 7 6
1 . 3 6 8
1 . 3 8 1
1 . 3 7 6
3
- 0
31
0 . 7 2
-2.06
-0.68
-0.12
-0.6
0.1
6.866
C.Lg.C
1 . 7 5
L.L.L
L, L, L
Bil. d o l . .
do.
I
1 9 5 . 5
8 00.0
198 . 3
197
.2
1 . 4
8 1 3 . 9
814.7
0 . 7
-0.10
-0.06
0 .12
- 2 . 7
- 0 . 7
V e l o c i t y of M o n e y :
107.
R a t i o , GIMP t o m o n e y s u p p l y ( M l ) 2
108.
R a t i o , pers. i n c o m e to m o n e y s u p p l y ( M 2 ) 2
0.180
- 0 .010
1 . 3 6 7
0 . 0 1 3
Credit F l o w s :
3 3 . Change in mortgage d e b t 2
L,L,L
6 1 . 4 8
3 9 . 8 9
49
.15
37
112. Change in business loans 2
L,L,L
do.
..
1 7 . 2 1
19
.40
36
. 6 2
3 0 . 7 9
113. Change in consumer installment credit2 . . . .
L,L,L
do.
. .
2 . 6 3
20
. 8 7
2 5 . 2 9
110. T o t a l private b o r r o w i n g
L,L,L
do.
..
2 9 2 . 7 5
A.r., bil. dol.
3 0 5 . 7 2
3 7 4 . 2 4
27
.58
.82
2 8 6 . 2 7
1 7 . 5 0
1 6 . 7 7
6
.27
2 6 0 . 9 8
2 . 7 7
23
.36
- 0 . 4 0
NA
4 6 . 2 4
5 . 3 2
NA
57
NA
NA
1 1 . 5 7
.74
22.88
1 1 . 5 0
- 5 . 8 3
NA
5 . 7 2
NA
2 . 5 3
- 2 3 . 5
Table 1. Summary of Recent Data and Current Changes for Principal Indicators —Continued
Percent change
Timing
Series t i t l e
Unit
Average
cation3
I. C Y C L I C A L
Dec
2d Q
3d Q
4th Q
Dec.
tan.
1981
1981
1981
1982
1982
2d Q
to
Jan.
Feb.
1981
measure
Jan.
to
to
Feb.
3d Q
4th Q
1982
classifi-
of
1982
1981
1981
to
3d Q
INDICATORS—Con.
B7. M o n e y and
Credit—Con.
Credit D i f f i c u l t i e s :
14.
L i a b i l i t i e s of business f a i l u r e s ( i n v . 4 ) ® . .
..
L,L,L
Mil. dol
39.
D e l i n q u e n c y rate, instal. loans ( i n v . 4 ) 2
..
L,L,L
Percent, E 0 P
L,U,U
Mil. dol. .
5
NA
3 3 6 . 2 6
4 5 7 . 8 7
2 . 5 7
2 . 3 7
- 1 , 1 4 1
- 1 , 0 5 2
- 1 , 5 9 1
1 , 4 2 0
1 , 3 6 2
1 , 8 4 5
1 3 . 3 6
1 6 . 3 8
17
14
2
.30
NA
2.28
N A
NA
2 . 3 7
-552
- 2 4 3
329
642
NA
NA
^A
2 . 3 7
NA
NA
0 .0 2
NA
- 0
.09
Bank Reserves:
93.
Free reserves ( i n v e r t e d 4 ) 2 ©
9 4 . B o r r o w i n g f r o m t h e Federal Reserve 2
® . . .
L.Lg.U
do.
- I , 1 9 3
1,
544
17
. 5 8
- 1 , 4 2 5
1,
526
- 1 , 2 3 0
1,
182
- 1 9 5
- 3 9 8
- 6 4 1
884
1 , 7 1 3
187
- 3 0 1
- 7 1 5
Interest Rates:
119.
Federal f u n d s r a t e 2 ®
L, L g , L g
114. T r e a s u r y b i l l r a t e 2 ®
C.Lg.Lg
115. T r e a s u r y b o n d y i e l d s 2 ©
C.Lg.Lg
11.61
10.81
116. C o r p o r a t e b o n d y i e l d s 2 ©
Lg.Lg.Lg
1 2 . 7 7
117. M u n i c i p a l b o n d y i e l d s 2 ®
U,Lg,Lg
118. M o r t g a g e y i e l d s , r e s i d e n t i a l 2 ®
banks2®...
1 3 . 5 9
12
1 3 . 2 2
14
1 5 . 0 9
12.02
1 0 . 9 3
1 2 . 4 1
1 3 . 7 8
0 .85
1. 48
1 . 3 7
12.66
13
1 3 . 2 3
12 .88
13
1 3 . 6 3
0 .85
- 0 . 1 0
1 5 . 4 8
1 5 . 2 2
1 6 . 3 3
16.01
1 5 . 5 5
1 6 . 3 4
1 6 . 3 5
0 . 0
1 1 . 3 3
10
12.11
0 .79
1 2 . 5 4
1 2 . 9 1
1 3 . 2 8
1 2 . 9 7
0 .37
- 0 . 3 1
1 6 . 4 3
17
17
0 .9 5
- 0
1 5 . 7 5
1 5 . 7 5
.08
.69
.60
17
1 6 . 3 1
16. 18
1 7 . 7 6
16.61
1 9 . 5 6
1 9 . 9 9
21.11
18
.93
20
17 . 0
.37
.56
. 7 3
.78
- 0
Lg.Lg.Lg
15.
Lg.Lg.Lg
1 5 . 2 7
1 6 4 . 5 1
1 8 2 . 2 4
. 3 2
.38
.10
.20
- 3 . 99
0 .26
1 . 5 6
- 3 . 07
0 . 94
1
1 7 . 2 3
1 8 . 8 7
318
1 3 . 4 2
Lg.Lg.Lg
6 7 . Bank rates o n s h o r t - t e r m bus. l o a n s 2 ® . . . .
* 109. Average p r i m e rate charged b y
8 .60
.78
1 4 . 8 3
1 2 . 8 7
.28
- 0
. 37
1.
- 0
. 32
11
1 .42
1. 58
0 .43
- 1 . 15
1 .12
1
- 3 . 88
0 . 8 1
1 .39
- 3
0 . 1
NA
2 .2
2 .0
2 . 4
0 .
.3 1
Outstanding Debt:
66. Consumer installment c r e d i t 5
*72.
Lg.Lg.Lg
327 . 52
0 .5
C o m m e r c i a l a n d i n d u s t r i a l loans o u t s t a n d i n g
w e e k l y r e p o r t i n g large c o m m . b a n k s
Lg.Lg.Lg
Bil. d o l .
" 9 5 . Ratio, consumer install, credit to pers. i n c o m e 2
Lg.Lg.Lg
Percent.
14
1972=100
177
.4
193
.7
191.
1 9 5 . 6
200
.1
1967=100
246
.8
272
.4
21b.1
280
.7
II. O T H E R
IMPORTANT
.15
1 3 . 2 7
1 7 8 . 0 2
13 6 . 6 3
13 . 37
13.22
1 9 1 . 2 2
13 . 15
1 9 2 . 8 8
1 9 6 . 7 4
2 0 1 . 5 5
13.13
1 3 . 1 1
NA
2 8 1 . 5
282
- 0
.02
NA
4 . 8
- 0
. 15
2 . 5
.07
- 0
ECONOMIC
MEASURES
B. Prices, Wages, a n d
B 1 . Price
Productivity
Movements
310.
I m p l i c i t price d e f l a t o r , G N P
320.
Consumer prices ( C P I ) , all i t e m s ®
3 2 0 c . Change in CPI, all i t e m s , S / A
322.
2
CPI, f o o d
2 .4
.6
274
.6
279 . 3
279
268 .8
1967=100
3 3 0 . Producer prices (PPI), all c o m m o d i t i e s ®
1
26y . 0
0.6
212.1
293
.4
294 . 1
2 9 6 .
1
2 9 5 . 8
2 9 5 . 9
3 29 . 1
3 3 3 .5
3 1 8 . 2
3
1.0
Percent. .
254
do
0 . 7
1. 0
276
.6
0 . 4
0 . 4
.5
.5
283
.4
0.2
0 . 3
0 .4
- 0 . 1
2 .9
1 .4
0 .4
- 0 .6
28 1. 5
283
.2
0 .7
0 . 6
1 .4
1 . 0
298 . 2
298
.5
0 .8
0 . 1
0 .7
- 0 . 1
.3
3 3 1 . PPI, crude materials
do
304
3 34
.6
3 1 9 . 2
317
1 .7
- 0 . 6
3 3 2 . PPI, intermediate materials
do
230 . 3
306 . 0
305
.6
3 1 0 . 5
3 1 1 . 3
3 1 2 . 4
3 1 1 . 4
0 .4
- 0 . 3
1 .2
3 3 3 . PPI, capital equipment
do
239
.8
26 4 . 3
262 . 1
266 . 9
272
.4
274
275
.2
274 . 1
0 .4
- 0 . 4
1
248
.9
2 7 1 . 2
2 7 1 . 0
27 3 .4
276
.0
2 7 6 . 6
277
.9
277
.7
0 .5
- 0 . 1
0 .9
1 3 8 . 9
1 3 7 . 6
145
. 1
1 .0
0 . 1
2 .0
9 2 . 6
9 3 . 0
0 .8
- 0 . 2
- 0 .8
3 3 4 . PPI. finished consumer goods
B2. Wages a n d
.6
309
.2
13.8
. 1
2 . 3
0 . 3
- U . 1
- 0
.3
.8
- 4
.6
0 .4
2
.1
1 .0
Productivity
3 4 0 . Average h o u r l y earnings, p r o d u c t i o n w o r k e r s ,
1977 = 100..
private n o n f a r m e c o n o m y
341.
93,
workers, private n o n f a r m e c o n o m y
143
130 .
345. Average h o u r l y c o m p e n s a t i o n , n o n f a r m bus. .
346.
1 4 2 . 9
14
3 . 5
1 4 5 . 0
1 .3
Real average h o u r l y earnings, p r o d u c t i o n
3 7 0 . O u t p u t per h o u r , p r i v a t e business sector
C. L a b o r F o r c e , E m p l o y m e n t ,
.6
142
9 5 . 7
Real avg. h o u r l y c o m p . , n o n f a r m business . .
99 . 3
100
.4
.0
9 6 . 0
101.2
92,
9 2 . 3
145,
147
9 2 . 3
9 2 . 8
9 3 . 0
0
2 .4
- 0 .4
- 0 .4
9 9 . 2
100 ,
.6
95 . 2
95 ,
- 0 .3
- 1 .7
1 . 5
and
Unemployment
Millions
441. Total civilian labor force
...
do. .
442. Total civilian e m p l o y m e n t
106
9 9 .
.94
30
108
.67
1 0 0 . 4 0
108
.83
108
.67
1 0 9 . 1 6
1 0 9 . 18
108 .88
100
.78
100
.65
1 0 0 . 0 4
9 9 . 6 1
9 9 . 5 8
9 9 . 5 9
1 0 9 . 1 6
- 0 .3
0
0 . 3
- 0 . 1
0 .
- 0 . 1
- 0 .6
0 . 5
7 , 6 3 7
8
8 , 0 1 3
9 , 1 1 3
9 , 5 7 1
9,298
9,575
- 2 .9
3 . 0
- 0 . 5
13 . 7
444.
U n e m p l o y e d males, 2 0 years and over . .
do. .
3 , 3 5 3
3 , 6 1 5
3 , 4 7 6
3 , 4 4 2
4
,166
4 , 5 4 3
4 , 3 2 2
4 , 3 5 1
- 4 .9
0 . 7
- 1 .0
21 .0
445.
U n e m p l o y e d f e m a l e s , 2 0 years a n d over
do. .
2 , 6 1 5
2 , 8 9 5
2 , 8 3 0
2 , 8 7 2
3 , 100
3 , 1 7 5
3 , 1 0 4
3 , 2 8 6
- 2 .2
5 . 9
446.
U n e m p l o y e d persons, 16-19 years of age
do. .
1 , 6 6 9
1,763
1 , 7 4 4
1 , 6 9 9
1 , 8 4 7
1 , 8 5 3
1 , 8 7 2
1 , 9 3 8
1 .0
3 . 5
37.
Thousands.
N u m b e r of persons u n e m p l o y e d
,273
8
, 0 5 0
1 . 5
- 2 .6
7 .9
8 .7
Labor Force P a r t i c i p a t i o n Rates:
451.
Males, 20 years and o v e r 2
452.
F e m a l e s , 2 0 years a n d o v e r 2
453.
Percent. .
B o t h sexes, 16-19 years of age
D. G o v e r n m e n t
D1. Receipts and
7 9 . 4
7 9 . 0
7 9 . 2
7 8 . 9
78
7 9 . 0
7 8 . 5
7 8 . 5
- 0 .5
0 .
do.
5 1 . 3
5 2 . 1
5 2 . 3
5 2 . 1
5 2 . 3
5 2 . 2
5 2 . 1
5 2 . 2
- 0 .1
0 . 1
- 0 . 2
do.
2
5 6 . 7
5 5 . 4
5 5 . 8
5 4 . 9
5 4 . 6
5 4 . 0
5 4 . 2
5 4 . 6
0 .2
0 . 4
- 0 .9
do
Federal G o v e r n m e n t s u r p l u s or d e f i c i t 2
do
5 1 1 . State and local g o v e r n m e n t receipts
...
5 1 2 . State and local g o v e r n m e n t e x p e n d i t u r e s
621.0
668 .2
.3
627
.7
2 .8
688 .
694
.0
727
.2
3 .9
-62,
- 4 7 . 2
- 5 5 . 7
- 9 9 . 5
384
Federal G o v e r n m e n t receipts
Federal G o v e r n m e n t e x p e n d i t u r e s
6 38
602.0
-61.2
A.r., bil. dol
501.
417 ,
4 1 3 . 6
4 1 9 . 6
423
.8
380,
377
381
387
.3
1 . 1
36
.0
1 .7
540
.8
.0
3 5 5 . 0
5 1 0 . State a n d local govt, s u r p l u s or d e f i c i t 2 . .
29
626,
.5
36 . 1
. 1
.8
3 7 . 8
- 8 . 5
1 .5
0 . 2
- 1 .7
4 .8
- 4 3 .8
1 .0
1 .6
- 1
.8
Indicators
5 1 7 . Defense D e p a r t m e n t o b l i g a t i o n s
Mil.dol
1 3 , 3 9 2
15
,945
1 5 , 3 5 5
1 6 , 9 3 1
1 6 , 1 2 4
5 2 5 . M i l i t a r y p r i m e c o n t r a c t awards
do.
..
6 , 7 5 4
8 , 0 6 5
7 , 8 3 8
9 , 2 2 5
7 , 7 7 7
9
,049
9 , 7 5 6
548.
New orders, defense p r o d u c t s
do.
..
4 , 6 6 2
5 , 2 0 4
4 , 7 7 2
5 , 9 3 2
4 , 9 0 5
6
,034
7 , 3 0 6
564.
N a t i o n a l defense purchases
1 3 1 . 7
1 5 4 . 3
1 4 8 . 2
1 5 4 . 1
1 6 9 . 7
1 8 , 3 9 0
E. U . S . I n t e r n a t i o n a l
E1. Merchandise
602.
0
- 0 . 3
Activities
500.
Defense
- 0 .3
Expenditures
502.
D2.
.9
A.r., bil. dol.
1 9 , 8 0 5
1 9 , 3
NA
61
- 2 .2
NA
8
7 .8
, 5 2 6
21 . 1
NA
10 .3
- 4 .8
NA
17 . 7
- 1 5 .7
24 . 3
- 1 7
1 6 . 7
4 .0
.3
10 . 1
Transactions
Trade
E x p o r t s , t o t a l e x c e p t m i l i t a r y aid
Mil. dol.
1 9 , 4 5 6
1 9 , 4 7 8
1 9 , 2 9 0
1 9 , 0 6 7
1 8 , 8 8 5
1 8 , 7 3 7
6 0 4 . E x p o r t s of a g r i c u l t u r a l p r o d u c t s
do
3 , 4 3 5
3 , 6 0 8
3 , 5 2 3
3 , 2 8 5
3 , 4 6 6
3 , 2 2 0
3 , 2 5 8
606.
E x p o r t s of n o n e l e c t r i c a l m a c h i n e r y
do
3 , 7 8 8
4 , 4 5 6
4 , 2 8 6
5 , 1 1 1
612.
General i m p a r t s , t o t a l
do
2 0 , 4 1 7
2 1 , 7 5 1
2 1 , 8 2 9
2 1 , 5 4 3
614.
I m p o r t s of p e t r o l e u m a n d p r o d u c t s
do
6 , 1 3 9
6 , 3 1 9
6 , 5 9 0
616.
I m p o r t s of a u t o m o b i l e s and parts
do
2 , 0 3 0
2 , 1 9 0
2 , 1 9 9
8
NA
- 1 .0
1 . 2
NA
- 6 .8
- 0 .8
- 1 . 2
. 5
4 , 0 0 5
4 , 3 4 6
8 .5
NA
19 .2
2 1 , 7 7 7
1 9 , 7 4 6
2 2 , 8 2 9
15 .6
NA
- 1 .3
1 . 1
5 , 8 1 5
5 , 7 4 7
4 , 6 3 6
6,810
46 . 9
NA
- 1 1 .8
- 1 . 2
2 , 229
2 , 2 8 9
2 , 1 6 4
2 , 3 8 9
10 .4
NA
1 .4
4 , 236
- 1 7 . 1
2 .7
|
Table 1. Summary of Recent Data and Current Changes for Principal Indicators —Continued
1st Q
2d Q
3d Q
1980
1981
1981
1981
1981
to
to
3d Q
4th Q
1981
1981
j
1981
2d Q
2d Q
4th Q
1980
1980
4th Q
to
1981
3d Q
1979
3d Q
1st Q
Average
Series number
Percent change
Basic d a t a '
Unit
of
measure
II. O T H E R I M P O R T A N T E C O N O M I C
MEASURES-Con.
E2. Goods and Services Movements Except
Transfers Under Military Grants
618.
620.
622.
651.
652.
668.
669.
667.
4 6 , 1 1 8
5 5 , 9 9 2
59
5 6 , 2 5 2
5 7 , 1 4 9
6 0 , 9 9 0
6 0 , 3 6 9
5 7 , 9 2 9
5 7 , 0 1 2
- 1
0
- 4
0
5 2 , 9 5 5
6 2 , 3 2 7
6 6 , 0 2 9
5 9 , 1 5 4
6 2 , 7 1 9
6 5 , 6 51
6 7 , 2 6 3
6 4 , 9 5 5
6 6 , 2 4 8
2
5
- 3
4
- 6 , 8 3 6
- 6 , 3 3 5
- 6 , 9 5 4
. - 2 , 9 0 2
- 5 , 5 7 0
- 4 , 6 6 1
- 6 , 8 9 4
- 7 , 0 2 6
- 9 , 2 3 6
1 6 , 6 7 5
Merchandise e x p o r t s
Merchandise i m p o r t s
Merchandise trade balance 2
I n c o m e on U.S. investments abroad
I n c o m e on foreign investment i n the U.S.
E x p o r t s of goods and services
I m p o r t s of goods and services
Balance on goods and services 2
1 8 , 9 8 5
2 2 , 5 1 4
1 8 , 8 5 0
1 9 , 7 6 4
2 1 , 5 8 1
2 2 , 4 1 3
2 3 , 3 0 1
2 2 , 7 6 2
, 0 7 5
8 , 3 1 0
1 0 , 7 9 4
1 3 , 3 2 5
1 0 , 6 9 7
1 1 , 5 0 7
1 2 , 4 9 8
13
7 2 , 2 3 2
8 6 , 1 6 8
9 3 , 9 9 9
8 6 , 6 5 5
8 8 , 6 3 6
9 4 , 3 4 1
9 4 , 9 9 2
7 0 , 4 £
8 3 , 4 7 2
9 0 , 6 6 4
8 0 , 1 7 7
8 4 , 9 0 2
8 9 , 4 8 0
9 2 , 2 6 2
2 , 6 9 6
3 , 3 3 5
0
1 , 7 5 2
6 , 4 7 8
3 , 7 3 4
4 , 8 6 1
, 6 4 9
2 ,730
- 2 , 2 3 3
3
9
- 1 3 2
- 1
6
2. 0
- 2 , 2 1 0
618
620
622
4. 0
- 2 . 3
2
6 5 1
1 4 , 0 4 3
1 3 , 1 1 1
9
2
9
- 6 . 6
652
9 4 , 0 4 6
9 2 , 6 1 7
0
7
- 1 . 0
- 1 . 5
668
9 0 , 0 8 3
9 0 , 8
31
3
1
- 2
3 , 9 6 3
1 , 7
36
1498
4
4
- 2 , 1 3 1
1 , 2 3 3
- 0
0
0
8
- 2 , 1 7 7
669
667
A. National Income and Product
A1. GNP and Personal Income
50.
200.
213.
224.
225.
217.
227.
GNP i n 1 9 7 2 dollars
GNP i n current dollars
Final sales, 1972 dollars
Disposable personal income, current dollars .
Disposable personal income, 1972 dollars . . .
Per capita GNP i n 1972 dollars
Per capita disposable pers. income, 1972 dol.
0
1 4 8 0 . 7
1510
3
1 4 7 1 . 9
1485
6
1516 .4
2413
9
2626
1
2925
5
2637
3
2730
6
2853 .0
1472
9
1483
6
1503
2
1476
9
1492
7
1517
1483
1 6 4 1
7
1 8 2 1 . 7
2016
0
1840
6
1897
do. .
A.r., d o l l a r s .
do. .
1 0 1 1
5
1018
4
1040
4
1018
5
1025
A.r., bil. dol.
do. .
do. .
930
9
146
6
354
6
429
6
440
1510
9
1672
.8
4
1515
2885 .8
2965
0
2998 .3
1
1
2
7
6
1500
9
1494
2
- 1
2
0
1
5
1510
1499
8
1
4
4
0
1947 .8
1985 .6
2042
0
2088
8
1033 .3
1036 .8
1043
6
1047 .9
3
0
6 , 5 f J8
6 , 5 0 4
6 , 5 7 0
6 , 4 5 6
6 , 4 9 9
6 , 6 2 0
6 , 5 8 0
6 , 5 8 6
6 , 4 9 4
- 0
6
4 , 4 7 3
4 , 5 2 6
4 , 4 6 8
4 , 4 8 8
4 , 5 1 1
4 , 5 1 7
4 , 5 3 5
4 , 5 4 1
0
1
0
4
935. 1
958
9
930
946
960 .2
955 . 1
962
8
957 .5
- 0
5
0
135. 8
139
4
1 3 2 . 6
139
1
146 .8
137 .4
140
3
133 . 1
- 6
4
2
3 5 8 . 4
367
3
3 5 4 . 9
360
4
364 .5
367 .0
368
8
368 .8
0
7
0
9
452
2
4 4 3 . 3
447
3
448 .9
450 .7
453
7
455 .6
0
4
0
7
1 6 8 2 . 2
1751
1829 . 1
1908 .3
0
9
50
1. 1
200
4
213
- 0
0. 1
4 , 4 9 3
- 1 . 1
2. 8
2
3
0
4
225
- 1 . 4
7
217
2 24
1
227
8
- 0 . 6
2 3 1
1
- 5 . 1
233
5
0.
2 38
0. 4
239
0
A2. Personal Consumption Expenditures
231.
233.
238.
239.
230.
232.
236.
237.
T o t a l , 1972 dollars
Durable goods, 1972 dollars
Nondurable goods, 1972 dollars . .
Services, 1 9 7 2 dollars
T o t a l , current dollars
Durable goods, current dollars
Nondurable goods, c u r r e n t d o l l a r s .
Services, current dollars
8
8
8
1857
8
0
1810 . 1
1883
9
0
3
0
1. 3
230
212
3
211. 9
232
0
208
8
223
3
238 .3
227 .3
236
2
226 .4
6
3
9
- 4 . 1
232
602
2
675
7
743
2
6 7 4 . 2
703
5
726 .0
735 .3
7 5 1
3
760 .3
1
3
2
2
1. 2
236
696
3
7 8 5 . 2
882
6
7 9 9 . 2
824
2
845 .8
866 .5
896
4
9 2 1 .5
2
4
3
5
2
8
237
232
6
2 0 3 . 6
214
8
1 9 5 . 3
200
5
2 1 1 .6
219 .7
2 2 1
5
206 .3
3
8
0
8
- 6 . 9
2 4 1
222
5
206
6
207
6
2 0 0 . 2
207
6
213 . 1
208 .9
206
5
202 . 1
- 2
0
- 1
1
- 2
1
243
10
2
- 2
9
1
- 5 . 0
- 7
2
- 1 .4
10 .8
14
9
4 .2
12
2
4
1
- 1 0 . 7
30
415
8
395
3
450
5
377
1
397
7
437 . 1
458 .6
463
0
443 .3
4
9
1
0
- 4 . 3
240
398
3
4 0 1
2
434
4
393 .2
415
1
432 .7
435 .3
4 35
6
434 .0
0
6
0
1
- 0
4
242
17
5
- 5
9
16
2
- 1 6 . 0
- 1 7
4
4
5
23 .3
27
5
9 .4
18
8
4
2
- 1 8 . 1
245
2 8 1
8
290
289 .5
2
2 6 1
1
- 4
A3. Gross Private Domestic Investment
241.
243.
30.
240.
242.
245.
T o t a l , 1972 dollars
T o t a l f i x e d investment, 1972 dollars
Change in business inventories, 1972 dol. :
T o t a l , current dollars
T o t a l f i x e d investment, current dollars . .
Chg. i n bus. inventories, current d o l . 2 . . .
7
A4. Government Purchases
of Goods and Services
261.
263.
267.
260.
262.
266.
T o t a l , 1972 dollars
Federal G o v e r n m e n t , 1972 dollars
State and local governments, 1972 d o l l a r s . .
T o t a l , current dollars
Federal Government, current dollars
State and local governments, current dollars
256.
257.
255.
252.
253.
250.
E x p o r t s of goods and services, 1972 dollars
I m p o r t s of goods and services, 1972 dollars
Net exports of goods and serv., 1972 d o l . 2 .
E x p o r t s of goods and services, current dol. .
I m p o r t s of goods and services, c u r r e n t dol. .
Net e x p o r t s of goods and serv., current
dol.2
0
291
7
288
2
289
8
293 .6
288
3
295 .4
- 0
4
101
7
108
1
1 1 1
5
106. 9
107
4
1 1 1 .2
108 .7
109
6
116 .6
- 2
2
0
8
6. 4
263
180
1
181
9
180
2
181. 3
182
4
182 .5
180 .7
178
8
178 .8
- 1
0
- 1
1
0
267
2
2
0
- 1
4
5
473 .8
534
7
591
2
533
5
558
6
576 .5
577 .4
588 .9
622 .0
0
167
9
198
9
230
2
194. 9
212
0
2 2 1 .6
219 .5
226 .4
25 3 . 3
- 0
9
3
1
9
262
305
9
335
8
361
0
338
6
346
6
354 .9
357 .9
362
5
368 .7
0
8
1
3
1. 7
266
146
9
1 6 1
1
160 .4
160
5
157 .4
162 .5
1 6 1 .5
160 . 1
157 .4
- 0
6
9
109
2
109
1
115
5
102
8
108
9
1 1 1 .6
115 .4
116 .9
118 .2
3
4
37 .7
52
0
44
9
57
6
48
5
50 .9
46 .2
43 .2
39 .2
- 4
7
3
267 .9
5. 6
1 1
260
A5. Foreign Trade
281
13
339
8
367
3
342. 4
346
1
367 .4
368 .2
368 .0
365 .6
316
5
341
3
297
9
322
7
338 .2
347 .5
338 .7
341 .0
4
23
3
26
0
44
5
23
3
29 .2
20 .8
29
3
24 . 7
0
2
- 8
- 0
1
- 3
- 1 . 7
256
3
1. 1
257
0
- 4 . 0
255
2
- 0
1
- 0 . 7
252
7
- 2
5
0. 7
253
4
8
5
- 4 . 6
250
A6. National Income and Its Components
220.
280.
282.
286.
284.
288.
National income
Compensation of employees
Proprietors' income with IVA and CCAdj
Corporate profits with IVA and CCAdj .
Rental income of persons with CCAdj .
Net interest
290.
295.
292.
298.
293.
Gross saving (private and govt.)
Business saving
Personal saving
Government surplus or d e f i c i t 2
Personal saving rate 2
3
2121
4
2347
6
2122
4
2204
8
2291 . 1
2320 .9
2377
6
2401 .0
1
3
2
4
1
0
220
L460
9
1596
5
1771
6
1597
4
1661
8
1722 .4
1752 .0
1790
7
1821 .3
1
7
2
2
1
7
280
1 3 1
6
130
6
134
8
129
7
134
0
132 . 1
134 . 1
137
1
135 .9
196
8
182
7
192
1
177
9
183
3
203 .0
190 .3
195
7
179 .5
30
5
31. 8
33
6
3 2 . 0
32
4
32 .7
33 .3
33
9
34 .5
143
4
179
8
215
4
1 8 5 . 3
193
3
200 .8
2 1 1 .0
220
2
229 .7
4 1 1
9
4 0 1
9
455
9
402
0
406
7
442 .6
465 .3
469
4
446 .5
312
7
3 3 1
6
372
8
334 .6
339
3
362 .2
368 .7
379
3
381 .0
86
2
101
3
107
6
1 1 1 . 4
97
6
88 .9
106 .6
106
9
128 .0
19
11
9
- 3 2
1
- 2 5
6
- 4 5 . 6
- 3 0
8
- 9 .7
- 1 1 .2
- 1 7
9
- 6 3 .5
- 1
5 .2
5
6
3
6
1
4 .6
5 .4
2
6 . 1
0
L963
1
5
2
2
- 0 . 9
282
3
2
8
- 8 . 3
286
1
8
1
8
1. 8
284
5
1
4
4
4
3
28b
5
1
0
9
- 4
9
290
1
8
2
9
0 . 4
295
9
0
3
1 9 . 7
292
5
- 6
7
- 4 5 . 6
298
8
- 0
2
0
293
- 6
A7. Saving
5
1
5
5
9
NOTE: Series are seasonally adjusted except tor those indicated b y ® , which 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 (including composition of the composite indexes) and sources, see "Titles and Sources of Series" at the back of BCD. 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. CCA = capital consumption adjustment. NIA = national income accounts.
' For a few series, data shown here have been rounded to fewer digits than those shown elsewhere in BCD. Annual figures published by the source agencies are used if available.
2
Differences rather than percent changes are shown for this series.
3
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.
4
Inverted series. Since this series tends to move counter to movements in general business activity, signs of the changes are reversed.
5
End-of-period series. The annual figures (and quarterly figures for monthly series) are the last figures for the period.
6
This series is a weighted 4-term moving average (with weights 1, 2, 2, 1) placed at the terminal month of the span.
9
I
CYCLICAL INDICATORS
COMPOSITE INDEXES AND THEIR COMPONENTS
Chart A l . Composite Indexes
(Nov.)(0ct.)
P T
(July)(May)
P T
(Aug.)(Apr.) (Apr.)(Feb.)
P T P T
(Dec.)(Nov.)
P T
(Nov.) (Mar.)
P
T
(Jan.)(July)
P T
I6O-1
Index of twelve
(series 1, 5, 8,
150-
indicators
140 H
130120H
110-
iooh
9080-
160-
150-
Index of four roughly coincident indicators
(series 41, 47, 51, 5 7 )
140130120-1.
110100-
220210200190180170160-
150140130-
Index of six lagging indicators
(series 62, 70, 72, 91, 95, 1(
120110-
iooH
9080-
70-
60-
50-
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 82 1983
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
MARCH 1 9 8 2
B U I
CYCLICAL INDICATORS
COMPOSITE INDEXES AND THEIR COMPONENTS—Continued
Chart A l . Composite Indexes—Continued
(Nov.)(Oct.)
P T
(July)(May)
P T
(Aug.)(Apr.) (Apr.)(Feb.)
P T P T
(Dec.)(Nov.)
P T
(Nov.) (Mar.)
P
T
(Jan.)(July)
P T
Index: 1 9 6 7 - 1 0 0
913. Marginal employment adjustments (series 1, 2, 3, 5 )
110n
100
90
80 J
914. Capital investment commitments (series 12, 20, 2 9 )
120
-8
11010090
-2
- 2
120-
915. Inventory investment and purchasing (series 8, 32, 36, 9 2 )
110100-
901101009080<
-3 916. Profitability (series 19, 26, 8 0 )
917. Money and financial flows (series 104, 106, 110)
940. Ratio, coincident index to lagging index
-3
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 82 1983
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.
MARCH 1 9 8 2
I
A
CYCLICAL INDICATORS
COMPOSITE INDEXES AND THEIR COMPONENTS—Continued
Chart A2. Leading Index Components
(July)(May)
P T
(Nov.)(Oct.)
P T
(Aug.)(Apr.)
P T
(Apr.)(Feb.)
P T
(Dec.)(No».)
P T
(Nov.) (Mar.)
P
T
(Jan.)(July)
P
T
1. Average workweek, production workers,
manufacturing (hours) r [ ~ [ X
Average weekly initial claims, State unemployment insurance
(thousands—inverted scale) 1777-1
8. New orders for consumer goods and materials, 1972 dollars
( b i dol )
-
ESD
32. vendor performance, percent of companies receiving slower
deliveries (percent)
i, , , i
12. Net business formation (index: 1967 = 100)
20. Contracts and orders for plant and equipment
1972 dollars (bil. d o l . ) — f = \
1 9 4 8 4 9
5 0
5 1
5 2
5 3
5 4
55
5 6
57
5 8
5 9
6 0
6 1
6 2
6 3
6 4
65
6 6
6 7
6 8
6 9
7 0
7 1
7 2
7 3
7 4
7 5
7 6
7 7
7 8
7 9
8 0
8 1
8 2
1 9 8 3
Current data for these series are shown on pages 61, 64, 65, and 66.
12
MARCH 1 9 8 2
I
A
CYCLICAL INDICATORS
COMPOSITE INDEXES AND THEIR COMPONENTS—Continued
Chart A2. Leading Index Components—Continued
(Nov.)(0ct.)
P T
(July)(May)
P T
(Aug.)(Apr.)
P T
(Apr.)(Feb.)
P T
(Dec.)(Nov.)
P T
(Nov.) (Mar.)
P
T
(Jan.)(July)
P
T
29. New building permits, private housing units (index: 1967 = 100)
200180-
16014012010080-
60
36. Net change in inventories on hand and on order, 1972 dollars, smoothed 1 (ann. rate, bil. dol.)
+30+20+100-
<£
-10- V)
-20-30-
Change in sensitive crude materials prices, smoothed 1 (percent) |L,L,L|
+4+2- «c
qj
so
0- o
-2-
104. Change in total liquid assets, smoothed 1 (percent) |l,L,L
1.2
0.8
0.4-|
0.0
140-|
120'
19. Stock prices, 500 common stocks
(index: 1941-43 = 10)
EH
— —
106. Money supply—M2—in 1972 dollars (bil. dol.)
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
'This is a weighted 4-term m o v i n g average (with weights 1,2,2,1) placed on the t e r m i n a l m o n t h of the span.
Current data for these series are shown on pages 67, 68, 69, and 71.
http://fraser.stlouisfed.org/ MARCH 1 9 8 2
Federal Reserve Bank of St. Louis
100'
80-
CYCLICAL INDICATORS
COMPOSITE INDEXES AND THEIR COMPONENTS—Continued
Chart A3. Coincident Index Components
(Nov.)(Oct.)
P T
(July) (May)
P T
(Aug.)(Apr.)
P T
(Apr.)(Feb.)
P T
(Dec.)(Nov.)
P T
(Nov.) (Mar.:
P
T
(Jan.XJuly)
P
T
0
80-
Employees on nonagricultural payrolls (millions)
75-
70-1
1200-
1100-
Personal income less transfer payments,
1972 dollars (ann. rate, bil. dol.)
1000'
900'
800-
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 82 1983
Current data for these series are shown on pages 62, 63, and 65.
14
MARCH 1 9 8 2
K M )
CYCLICAL INDICATORS
COMPOSITE INDEXES AND THEIR COMPONENTS—Continued
Chart A4. Lagging Index Components
(Nov.)(Oct.)
P T
(JulyXMay)
P T
(Aug.XApr.) (Apr.)(Feb.)
P T P T
(Dec.)(No».)
P T
(Nov.) ( M a r . )
P
T
91. Average duration of unemployment (weeks—inverted scale)
70. Manufacturing and trade inventories, 1972 dollars (bil. dol.)
62. Labor cost per unit of output, manufacturing (index: 1967
charged by banks (percent)
72. Commercial and industrial loans outstanding, weekly
reporting large commercial banks (bil. dol.)
I W t l
j A
Ratio, consumer installment credit to personal income (percent)
| Lg,Lg,Lg
(Jan.)(July>
P T
I
B
CYCLICAL INDICATORS
CYCLICAL INDICATORS BY ECONOMIC PROCESS
Chart B l . Employment and Unemployment
(Aug.) (Apr.)
P
T
(Apr.) (Feb.)
P
T
(Dec.) (Nov.)
P
T
(Nov.)
P
(Mar.)
T
(Jan.) (July)
P T
Marginal Employment Adjustments
1. Average workweek, production workers, manufacturing (hours)
42-.
41-
40-
39-
38-
Average weekly overtime hours, production workers, manufacturing (hours)
4-1
3-
Accession rate, manufacturing (per 100 employees)
3
5. Average weekly initial claims, State unemployment insurance (thousands—inverted scale)
J
200-
300-
400500600700-
manufacturing (per 100 employees—inverted scale) | L,L,L
l-l
3-
4-
manufacturing (per 100 employees)
3-
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 are shown on page 61.
16
MARCH 1 9 8 2
CYCLICAL INDICATORS
B
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
Chart B l . Employment and Unemployment—Continued
(Aug.) (Apr.)
P
T
P
(Apr.) (Feb.)
T
(Dec.) (Nov.)
P
T
Job Vacancies
(Nov.)
P
(Mar.)
T
Ratio, help wanted advertising to number
of persons unemployed (ratio)
Help-wanted advertising (index:
Comprehensive Employment
48. Employee-hours in nonagricultural establishments
(ann. rate, bil. hours)
42. Persons engaged in nonagricultural activities (millions)
41. Employees on nonagricultural payrolls (millions)
40. Employees in goods-producing indjy^tt^e^-minin^
manufacturing, construction (millions) l C Ul
Current data for these series are shown on pages 6 1 and 62.
Digitized B C I I MARCH 1 9 8 2
for FRASER
(Jan.) (July)
P T
CYCLICAL INDICATORS
B
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
Chart B l . Employment and Unemployment—Continued
(Aug.) (Apr.)
P
T
(Apr.) (Feb.)
P T
(Dec.) (Nov.
P
T
(Nov.)
P
(Mar.)
T
(Jan.) (July)
P
T
Comprehensive Employment—Con
90. Ratio, civilian employment to total population of working age (percent)
U,Lg,U
Comprehensive Unemployment
37. Number unemployed, total (millions—inverted scale)
Unemployment rate, total (percent—inverted scale)
45. Average weekly insured unemployment rate (percent—inverted scale)
-
\
fuxuT
^
91. Average duration of unemployment (weeks—inverted scale)
44. Unemployment rate, persons unemployed 15 weeks and over (percent—inverted scale)
Lg,Lg,Lg
1 9 5 6
5 7
5 8
5 9
6 0
6 1
6 2
6 3
64
6 5
6 6
6 7
6 8
6 9
7 0
7 1
7 2
7 3
74
7 5
7 6
7 7
7 8
7 9
8 0
8 1
8 2
1 9 8 3
Current data for these series are shown on page 62.
MARCH 1 9 8 2
CYCLICAL INDICATORS
B
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
Chart B2. Production and Income
(Aug.) (Apr.)
P
T
(Nov.)
P
(Dec.) (Nov.;
P
T
(Apr.) (Feb.;
P T
(Mar.)
T
(Jan.) (July)
P
T
1700
Comprehensive Output and Income
1600-
150014001300120011001000'
900-J
14001300,1200-
52. Personal income in
11001000900800700-
1200
1100-
51. Personal income less transfer payments in
(ann. rate, bil. dol.)
1000900800-
700-
600-
500-
53. Wages and salaries in mining, manufacturing, and
construction in 1972 dollars (ann. rate, bil. dol.)
260-j
240220200
180 160-
1401956
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 are shown on page 63.
im:I»
MARCH 1 9 8 2
19
CYCLICAL INDICATORS
B
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
Chart B2. Production and Income—Continued
(Aug.) (Apr.)
P
T
(Apr.) (Feb.)
P T
(Nov.)
P
(Dec.) (Nov.)
P
T
(Mar.;
T
(Jan.) (July)
P
T
170-i
160-
Industrial Production
150H
140*
production, total (index: 1967 = 100)
m\
130-
/
120110 J
Industrial production, nondurable manufactures
(index: 1967 = 100)
Industrial production, durable manufactures
(index: 1967 = 1 0 0 )
Capacity Utilization
83. Rate of capacity utilization, manufacturing (BEA), Q (percent)
82. Rate of capacity utilization, manufacturing (FRB), Q (percent)
84. Rate of capacity utilization, materials, Q (percent)
Current data for these series are shown on pages 63 and 64.
20
MARCH 1 9 8 2
CYCLICAL INDICATORS
B
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
Chart B3. Consumption, Trade, Orders, and Deliveries
(Aug.) (Apr.)
P
T
(Nov.)
P
(Dec.) (Nov.;
P
T
(Apr.) (Feb.)
P T
(Mar.)
T
(Jan.) (July)
P
T
100 •
90-
Orders and Deliveries
80-
6. New orders, durable! goods industries,,
current dollars (bil. dol.)
706050.
New orders, durable
(bil. dol.) r — .
40-
30 J
consumer
(bil. dol.)
45-
and materials
40353025-
unfilled orders, durable goods industries
MCD moving avg.—4-term)
+6-»
+ 4+ 2-|
0'
-2-
-4.
380«
340300-1
260'
220 •
96. Manufacturers' unfilled orders, durable goods industries
(bil. dol.)
180-1
irTTTTI
140-
100 - I
32. Vendor performance, percent of companies
receiving slower deliveries (percent)
100'
75«
50251956
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 are shown on page 64.
im:I»
MARCH 1 9 8 2
21
I
B
CYCLICAL INDICATORS
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
Chart B3. Consumption, Trade, Orders, and Deliveries—Continued
(Aug.) (Apr.)
P
T
P
(Apr.) (Feb.)
T
(Dec.) (Nov.)
P
T
(Nov.)
P
(Mar.)
T
(Jan.) (July)
P T
Consumption and Trade
56. Manufacturing and trade sales in current
(bil. dol.) rTwr;
57. Manufacturing
in 1972 dollar:
75. Industrial production, consumer goods
54. Sales of retail stores in current dollars (bil. dol.
55. Personal consumption expenditures,
automobiles, Q (ann. rate, bil. dol.)
58. Index of consumer sentiment
Current data for these series are shown on page 65.
22
MARCH 1 9 8 2
IM:I»
CYCLICAL INDICATORS
B
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
Chart B4. Fixed Capital Investment
(Aug.) (Apr.)
P T
(Dec.) (Nov.)
P
T
(Apr.) (Feb.)
P
T
(Nov.)
P
(Mar.)
T
(Jan.) (July)
P
T
160 t
Formation of Business Enterprises
12. Net business formation (index: 1967 = 1 0 0 )
140
L,L,L
120100 55-i
50454035 — 2
|
13. New business incorporations (thousands)
3025353025*
Business Investment Commitments
15-1
20. Contracts and orders for plant and equipment
in 1972 dollars (bil. dol.)
X
10-
30-
10. Contracts and orders for plant and equipment
in current dollars (bil. dol.)
2520-
10-
27. Manufacturers' new orders, capital goods industries,
nondefense, in 1972 dollars (bil. d o l . ) \ v
[ixn
24. Manufacturers' new orders, capital goods industries,
nondefense, in current
5J
110 - i
100-
9080706050-
9. Construction contracts, commercial and industrial buildings
(mil. sq. ft. of floor area; MCD moving avg.—6-term) 1
40-
301956
57
58
59
60
61
62
63
64
65
79
80
'This is a copyrighted series used by permission; it may not be reproduced without written permission from McGraw-Hill information Systems Company, F.W. Dodge Division.
Current data for these series are shown on pages 65 and 66.
MARCH 1 9 8 2
81
82
1983
CYCLICAL INDICATORS
B
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
Chart B4. Fixed Capital Investment—Continued
(Aug.) (Apr.)
P T
(Apr.) (Feb.)
P
T
(Dec.) (Nov.)
P
T
(Mar.;
T
(Nov.;
p
(Jan.) (July)
P
T
Business investment Commitments—Con,
IV
Backlog of capital appropriations, manufacturing,
(bil. dol.)
fTTT-T-i
IV
11. New capital appropriations, manufacturing,
Q (bil. dol.) r ^ j T u l
X
II
Business expenditures for new plant and equipment, Q
(ann. rate, bil. dol.) n r :
Business Investment Expenditures
69. Machinery and equipment sales and business
construction expenditures (ann. rate, bil. dol.)
76. Industrial production, business equipment
(index: 1 9 6 7 - 1 0 0 )
.
1 9 5 6
5 7
5 8
5 9
6 0
6 1
6 2
6 3
6 4
6 5
6 6
6 7
6 8
6 9
7 0
7 1
7 2
7 3
74
75
7 6
7 7
7 8
7 9
8 0
8 1
8 2
1 9 8 3
Current data for these series are shown on pages 66 and 67.
24
MARCH 1 9 8 2
ItCII
CYCLICAL INDICATORS
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
(Mar.)
T
(Jan.) (July)
P
T
200-
Business Investment Expenditures—Con,
180'
Nonresidential fixed investment in 1972
160-
140'
120'
100-
88. Producers' durable equipment,
80-
60-
87. Structures, Q
40-1
Residential Construction Commitments and Investment
28. New private housing units started, total
2.62.42.22.01.81.61.41.21.00.8-
200-t
180«
16014012010080-
60-
89. Residential fixed investment,
(ann. rate, bil. dol.)
7060 H
50-
40-
301956
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 are shown on page 67.
B O
MARCH 1 9 8 2
2 5
CYCLICAL INDICATORS
B
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
Chart B5. Inventories and Inventory Investment
(Aug.) (Apr.)
P
T
(Apr.) (Feb.)
P
T
(Dec.) (Nov.)
P
T
(Nov.)
P
(Mar.)
T
(Jan.) (July)
P T
Inventory Investment
in business inventories, 1972 dollars, Q (ann.
+ 30-i
+ 20
+ 100-10-20-
36. Net change in inventories on hand and on order, 1972 dollars
(ann. rate, bil. dol.; moving avg.—4-term 1 )
.
+ 40
+ 30+20+ 100-10
-20
-30
-40
+ 80+ 70+60
+ 50-
book value, manufacturing and trade inventories
, bil. dol.; MCD moving a v g — 6 - t e r m )
+40+30+20+ 10
0
-10-20-
+5
+4-
38. Change in stocks of materials and supplies on hand and on order,
manufacturing (bil. dol.; MCD moving avg.—4-term) i. . .
*
+3+2
+ 10-1- 2 -
-3-
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 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 page 68.
26
MARCH 1 9 8 2
B C D
CYCLICAL INDICATORS
B
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
Chart B5. Inventories and Inventory Investment—Continued
(Aug.) (Apr.)
P
T
(Dec.) (Nov.)
P
T
(Apr.) (Feb.)
P T
(Nov.)
P
(Mar.)
T
(Jan.) (July)
P
T
Inventories on Hand and on Order
6001
550500450400-
71. Book value, manufacturing and trade inventories;
current dollars (bil. dol.)
\
.
350300250-
inventories,
70. Manufacturing and
200-
15010090807060-
65. Book value of manufacturers' inventories
of finished goods (bil. dol.)
Lg.Lg.Lg 1
50'
40"
30-
20-
Ratio, deflated inventories to sales, manufacturing and trade
(ratio) |Lg,Lg,Lg[
.
1.8-
1.71.6-
1.5"
260240 H
220"
200180160140120'
Stocks of materials and
manufacturing (bil. dol.)
100-
60-
40J
1 9 5 6
57
58
5 9
6 0
6 1
6 2
6 3
64
6 5
6 6
6 7
6 8
6 9
7 0
7 1
7 2
7 3
74
7 5
7 6
7 7
7 8
7 9
8 0
8 1
8 2
1 9 8 3
Current data for these series are shown on page 68.
MARCH 1 9 8 2
27
CYCLICAL INDICATORS
B
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
Chart B6. Prices, Costs, a n d Profits
Sensitive Commodity Prices
+6 •
92. Change in sensitive crude materials prices
(percent; moving avg.—4-term 1 )
+4+ 2-
0-2-
340300260220-
23. Spot market prices, raw industrials2
180140
J
140120-
10080-
500 common stocks
200180160 *
140-
Corporate profits after taxes, current
N
(ann. rate, bil. dol.) 17771
120-
100 -
80-
Corporate profits after taxes, 1972 dollars,
(ann. rate, bil. dol.)
\
60140120-
80. Corporate profits after taxes with I
1972 dollars, Q (ann. rate, bil. dol,
100-
80-
60-
40-
Corporate profits after taxes with IVA and
current dollars, Q (ann. rate, bil. dol.) <—
201956
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 is a weighted 4-term moving average (with weights 1,2,2,1) placed on the terminal month of the span.
'Beginning with data for June 1981, this is a copyrighted series used by permission; it may not be reproduced without written permission from Commodity Research Bureau, Inc.
Current data for these series are shown on page 69.
Digitized for 8FRASER
2
MARCH 1982
BCD
CYCLICAL INDICATORS
B
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
Chart B6. Prices, Costs, and
(Aug.) (Apr.)
P
T
Profits—Continued
(Nov.)
P
(Dec.) (Nov.)
P
T
(Apr.) (Feb.)
P T
(Mar.)
T
(Jan.) (July)
P
T
Ratio, corporate profits (after taxes) to total corporate domestic
income, Q (percent)
12-
10-
6-
lO-i
Ratio, corporate profits (after taxes) with inventory valuation and
capital consumption adjustments to total corporate domestic
income, Q (percent) fjrrr
15. Profits (after taxes) per dollar of sales, all manufacturing corporations, Q
3-
Ratio, price to unit labor cost, nonfarm business sector, Q (index: 1977 = 100)
104102100989694320->
280240200160-
corporate,
120-
HolT)
80-
34. Net cash flow, corporate, in current dollars, Q
40 J
1956
57
58
59
60
61
62
63
64
Current data for these series are shown on pages 69 and 70.
MARCH 1 9 8 2 BCI)
Digitized 29 FRASER
for
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
1983
CYCLICAL INDICATORS
B
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
Chart B6. Prices, Costs, and Profits—Continued
(Aug.) (Apr.)
P
T
(Apr.) (Feb.)
P
T
(Dec.) (Nov.)
P
T
(Nov.)
P
(Mar.)
T
(Jan.) (July)
P T
170160150140130120110100-
90-
Unit labor cost, private business
(index: 1977 = 100)
8070-
18. Labor cost (current dollars) per unit of gross domestic product
( 1 9 7 2 dollars), nonfinancial corporations, Q (dollars)
62. Labor cost per unit of output, manufacturing (index: 1967 = 100)
Compensation of employees as a percent of national income,
Q (percent)
Current data for these series are shown on page 70.
30
MARCH 1 9 8 2
I
B
CYCLICAL INDICATORS
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
Chart B7. Money and Credit
(Aug.) (Apr.)
(Jan.) (July)
P T I
(Dec.) (Nov.)
(Apr.) (Feb.)
+1.6-
Change in money supply M l
(percent; MCD moving avg.—6-term)
+1.2+0.8<
+0.4-
y
ro
o
OO
0.0-0.4-0.8-
102. Change in money supply M2
(percent; MCD moving avg.—6-term)
+1.6+1.2+0.8u
+ 0 . 4 - «/i
0.0-0.4-
104. Change in total liquid assets (percent; moving avg.—4-term 1 )
+1.2+0.8-
c
»
+ 0 . 4 - oo
0.0-
105. Money supply—Ml
in 1972 dollars (bil. dol.)
240-
f u J
220- J l
«
u
200- CO
180-
106. Money supply
850-
M2—in 1972 dollars (bil. dol.)
E 3
800-
>
Jl
750- _a>
u
700- Wi
6507.57.06.5-
Ratio, GNP to money supply Ml, Q (ratio)
6.0[c£cl
ra
cn
5.55.04.5-
Velocity of Money
108. Ratio, personal income to money supply M2 (ratio)
1.401.351.30-
P
oO
CO
1.251.201956
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 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 page 71.
M J I
MARCH 1 9 8 2
Digitized Ifor FRASER
3 1
CYCLICAL INDICATORS
B
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
Chart B7. Money and Credit—Continued
(Aug.) (Apr.)
P
T
(Apr.) (Feb.)
P T
(Dec.) (Nov.;
P
T
(Nov.)
P
(Mar.)
T
(Jan.) (July)
P
T
100908070-
33. Change in mortgage debt (ann. rate, bil.
6050
40 H
30
2010+50+40-
Change in bank loans to businesses (
MCD moving avg.—6-term) i . . . i
+30
+20+100-10-20-
-30-40+50+40-
Change in consumer installment
+ 30
+20+100
-10-20-
-30450-1
400
350
300H
110. Total private borrowing, Q (ann. rate, bil. dol.)
250
200150-
100-
50
1 9 5 6
57
5 8
5 9
6 0
6 1
6 2
6 3
6 4
6 5
6 6
6 7
6 8
6 9
7 0
7 1
7 2
7 3
7 4
7 5
7 6
7 7
7 8
7 9
8 0
8 1
8 2
J
1 9 8 3
Current data for these series are shown on pages 7 1 and 72.
32
MARCH 1 9 8 2
l t € »
][
CYCLICAL INDICATORS
D
a
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
Chart B7. Money and Credit—Continued
(Aug.) (Apr.)
P
T
P
(Apr.) (Feb.)
T
(Dec.) (Nov.)
P
T
(Nov.)
P
(Mar.)
T
(Jan.) (July)
P T
Credit Difficulties
14. Current liabilities of business failures (mil. dol.
inverted scale; MCD moving avg.—6-term)
& \ EH
100'
200'
300400500600700800900
consumer installment loans
39. Delinquency rate, 30 days and
(percent—inverted scale)
m
1.4
1.6-1
1.8
2.0
2.22.42.6-
Bank Reserves
2.8
3.0-"
-3.0
-2.5
reserves (bil. dol.—inverted scale)
-2.0
-1.5
-1.0
-0.5
0.0 H
+ 0.5
+ 1.0
+ 3.0-
Member bank borrowing from
the Federal Reserve (bil. dol.)
+ 2.5+2.0+1.5-
in
+1.0+0.50.01956
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 are shown on page 72.
Digitized B CFRASER
for I ) MARCH 1 9 8 2
33
CYCLICAL INDICATORS
B
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
Chart B7. Money and Credit—Continued
(Aug.) (Apr.)
P
T
(Apr.) (Feb.)
P T
(Dec.) (Nov.)
P
T
(Nov.)
P
(Mar.)
T
(Jan.) (July)
P
T
20191817-
Interest Rates
1615141312-
Federal funds rate (percent)
11-
ioH
987
1716-
Treasury bill rate
(percent) [ c l 7 |
1514131211-
116. Corporate bond yields (percent)
109818-
1716-
Treasury bond yields (percent)
15141312-
118. Secondary market yields on FHA mortgages (percent)
11109-
765«
117. Municipal bond yields (percent)
43-
Current data for these series are shown on pages 72 and 73.
34
MARCH 1 9 8 2
B C I )
CYCLICAL INDICATORS
B
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
Chart B7. Money and Credit—Continued
(Aug.) (Apr.)
P T
(Apr.) (Feb.)
P
T
(Dec.) (Nov.)
P
T
(Nov.;
P
(Mar.)
T
(Jan.) (July)
P
T
Interest Rates—Con
business loans (percent)
!! Ill
109. Average prime rate charged by banks (percent)
Outstanding Debt
Consumer installment credit
Commercial and industrial loans outstanding,
weekly reporting large commercial
banks (bil. dol.)
95. Ratio, consumer installment credit to personal income (percent)
Current data for these series are shown on page 73.
MARCH 1 9 8 2
35
I
CYCLICAL INDICATORS
DIFFUSION INDEXES AND RATES OF CHANGE
Chart C I . Diffusion Indexes
(Aug.) (Apr.)
P
T
(Apr.) (Feb.)
P T
(Dec.) (Nov.)
P
T
(Nov.)
P
(Mar.)
T
(Jan.) (July)
P
T
Percent rising
950. Twelve leading indicator components (6-mo. s p a n — , 1-mo. s p a n — )
100-1
50-
951. Four roughly coincident indicator components
j\i i i i : : U :>i: • iHiiiiii j !i' ::i<
! : i U ! i> •'
{ !l
I I II I i I'I ' I ' u I'I'I | i> i' i'
isiu:: (*.;:;sttiit t r
ii * !
\i
100i
50-
i — I -
0-
952. Six lagging indicator components (6-mo. s p a n — , 1-mo. s p a n — )
100-
50-
961. Average workweek, production workers, manufacturing— 20 industries (9-mo. s p a n — , 1-mo. s p a n — )
0100-
50-
Initial claims, State unemployment insurance—51 areas (percent declining; 9-mo. span
963. Employees on private nonagricultural payrolls—172 industries (6-mo. s p a n — , 1-mo. span
100 •
50-
0->
1 9 5 6
5 7
5 8
5 9
6 0
6 1
6 2
6 3
64
6 5
6 6
6 7
6 8
6 9
7 0
7 1
7 2
7 3
74
75
7 6
7 7
7 8
7 9
8 0
8 1
8 2
1 9 8 3
Current data for these series are shown on page 74.
36
MARCH 1 9 8 2
IM:I>
I
CYCLICAL INDICATORS
DIFFUSION INDEXES AND RATES OF CHANGE—Continued
Chart C I . Diffusion Indexes—Continued
(Aug.) (Apr.)
P T
(Nov.)
P
(Dec.) (Nov.)
P
T
(Apr.) (Feb.)
P
T
(Mar.)
T
(Jan.) (July)
P
T
Percent rising
964. New orders, durable goods industries—34-35 industries (9-mo.
100-
50-
0
965. Newly approved capital appropriations, deflated—17 industries (4-Q moving avg,
1-Q span
90-
70-
50-
30-
966. Industrial production—24 industries (6-mo. span
100'
50-
0-1
Spot market prices, raw industrials
13 industrial materials
100-
50-
0-»
968. Stock prices, 500 common stocks—52-82 industries
100-1
Net profits, manufacturing
about 700 companies1 (4-Q span)
90'
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
82
J
1983
'This 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.
ItCII
MARCH 1 9 8 2
37
I
CYCLICAL INDICATORS
DIFFUSION INDEXES AND RATES OF CHANGE—Continued
Chart C I . Diffusion Indexes—Continued
(Nov.)
P
(Mar.)
T
(Jan.)(July)
P T
(Nov.)
P
(Mar.;
T
(Jan.) (July)
P
Actual
Anticipated
Percent rising
T
Actual
Anticipated
Percent rising
970. Business expenditures for new plant and
equipment—18 industries (1-Q span)
( a ) Actual expenditures
974. Number of employees, manufacturing and trade (4-Q span) 1
975. Level of inventories, manufacturing and trade (4-Q span) 1
( a ) Actual expenditures
971. New orders, manufacturing (4-Q span) 1
976. Selling prices, manufacturing (4-Q span) 1
972. Net profits, manufacturing and trade (4-Q span) 1
977. Selling prices, wholesale trade (4-Q span) 1
973. Net sales, manufacturing and trade (4-Q span) 1
978. Selling prices, retail trade (4-Q span) 1
100-1
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
'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.
Current data for these series are shown on page 76.
38
MARCH 1 9 8 2
ITCII
I
CYCLICAL INDICATORS
c
DIFFUSION INDEXES AND RATES OF CHANGE—Continued
Chart C3. Rates of Change
(Aug.) (Apr.)
P
T
(Apr.) (Feb.)
P T
Percent change at annual rate
(Dec.) (Nov.)
P
T
(Nov.)
P
Composite index of twelve leading indicators
(series 1, 5, 8, 12, 19, 20, 29, 32, 36, 92,
(Mar.)
T
(Jan.) (July)
P
T
1-month spans
3-month spans
+40+30+20+ 10- <c
0- —
-10-20-
920c. Composite index of four roughly coincident indicators
(series 41, 47, 51, 5 7 )
-30-40+ 30+20-r
+10- O
)
0- v>
-10-20-
930c. Composite index of six lagging indicators
(series 62, 70, 72, 91, 95, 109)
50c. GNP in constant ( 1 9 7 2 ) dollars (1-Q span)
+70+60+50+40+30+20+100-10-20-30-40-50-
(/>
+ 10+ 5 - •c
Q
J
0-
Index of industrial production
-5-10-
in
+ 30+ 20+10- <r
0- a)
-10- oo
-20-30-
48c. Employee-hours in nonagricultural establishments
Personal income less transfer
payments in 1972 dollars
+20+ 15+ 10<t
+5- <
u
0 - in
-5-10-15+15+10+5- O
)
0- O
-5-10-
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.
MARCH 1 9 8 2
39
OTHER IMPORTANT ECONOMIC MEASURES
NATIONAL INCOME AND PRODUCT
Chart A l . GNP and Personal Income
(Aug.) (Apr.)
P
T
(Apr.) (Feb.;
P T
(Dec.) (Nov.;
P
T
(Nov.)
P
(Mar.)
T
(Jan.) (July)
P
T
34003200300028002600240022002000-
in current dollars,
1800160014001200-
Personal income in current dollars
(ann. rate, bil. (
1000-
800
J
224. Disposable personal income in current
dollars, Q (ann. rate, bil. dol.)
1700
1600
1500
1400
1300
1200
1100
1000
1700
1600
1500
1400
1300
1200
1100
1000
900
Disposable personal income in 1972
800
700
600
7.0
6.5
6.0
5.5
5.0
4.5
4.0
3.5
227. Per capita disposable personal income in
3.0
2.5
1 9 5 6
5 7
5 8
5 9
6 0
6 1
6 2
6 3
6 4
6 5
6 6
6 7
6 8
6 9
7 0
7 1
7 2
7 3
7 4
7 5
7 6
7 7
7 8
7 9
8 0
8 1
8 2
1 9 8 3
Current data for these series are shown on pages 63 and 80.
40
MARCH 1 9 8 2
l t d )
OTHER IMPORTANT ECONOMIC MEASURES
NATIONAL INCOME AND PRODUCT—Continued
Chart A2. Personal Consumption Expenditures
(Nov.)
P
(Dec.) (Nov.)
P
T
(Apr.) (Feb.;
P
T
(Aug.) (Apr.)
P T
(Mar.)
T
(Jan.) (July)
P
T
Personal consumption expenditures
1 9 5 6
57
5 8
59
6 0
6 1
6 2
6 3
64
6 5
6 6
6 7
6 8
6 9
7 0
7 1
7 2
7 3
74
7 5
7 6
7 7
7 8
7 9
8 0
8 1
8 2
1 9 8 3
Current data for these series are shown on pages 80 and 81.
BCD
MARCH 1 9 8 2
41
OTHER IMPORTANT ECONOMIC MEASURES
NATIONAL INCOME AND PRODUCT—Continued
Chart A3. Gross Private Domestic Investment
(Aug.) (Apr.)
P T
(Apr.) (Feb.)
P
T
(Dec.) (Nov.)
P
T
(Nov.)
P
(Mar.)
T
(Jan.) (July)
P
T
flnnual rate, billion dollars (current)
520480440-
Gross private domestic investment
400360320280240-
200-
160-
Total fixed investment, Q
120-
80
J
+30-
in business inventories,
+20+100-10-20"
Annual rate, billion dollars ( 1 9 7 2 )
260240220200180160-
140-
243. Total fixed investment,
120100+30-
30. Change in business inventories, Q
+20+ 100-10-20-
Current data for these series are shown on page 81.
42
MARCH 1 9 8 2
K O I
OTHER IMPORTANT ECONOMIC MEASURES
NATIONAL INCOME AND PRODUCT—Continued
Chart A4. Government Purchases of Goods and Services
(Aug.) (Apr.)
P
T
(Dec.) (Nov.)
P
T
(Apr.) (Feb.)
P T
(Nov.)
P
(Mar.)
T
(Jan.) (July)
P
T
Annual rate, billion dollars (current)
Government purchases of goods and services—
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 are shown on page 81.
IM:I»
MARCH 1 9 8 2
43
OTHER IMPORTANT ECONOMIC MEASURES
NATIONAL INCOME AND PRODUCT—Continued
Chart A5. Foreign Trade
(Aug.) (Apr.)
P
T
P
(Apr.) (Feb.)
T
(Dec.) (Nov.)
P
T
(Nov.)
P
(Mar.)
T
(Jan.) (July)
P T
flnnual rate, billion dollars (current)
440400360320 <
280240200160-
252. Exports of goods and services,
120-
80
J
and services,
+ 50+ 40-
250. Net exports of goods and services, Q
+ 30+ 20+ 10-
OH
-10-
200-
180160140120-
10080-
60-
goods and services, Q
+60+ 50+40- •X
S
+30- w
255. Net exports of goods and services,
+20+ 100-
Current data for these series are shown on page 82.
44
MARCH 1 9 8 2
OTHER IMPORTANT ECONOMIC MEASURES
NATIONAL INCOME AND PRODUCT—Continued
Chart A6. National Income and Its Components
(Aug.) (Apr.)
P
T
(Apr.) (Feb.)
P
T
(Dec.) (Nov.)
P
T
(Nov.)
P
(Mar.)
T
(Jan.) (July)
P T
Annual rate, billion dollars (current)
220. National income, Q
280. Compensation of employees, Q
286. Corporate profits with inventory valuation and capital consumption adjustments,
288. Net interest, Q
282. Proprietors' income with inventory valuation and
capital consumption adjustments, Q
/
284. Rental income of persons with capital
consumption adjustment, Q
Ji
1956
57
W
58
I IR l l
59
60
llmllnlVIIIVIII
61
62
63
64
65
"
66
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 82.
B C D
MARCH
http://fraser.stlouisfed.org/ 1 9 8 2
Federal Reserve Bank of St. Louis
4 5
II
OTHER IMPORTANT ECONOMIC MEASURES
NATIONAL INCOME AND PRODUCT—Continued
Chart A7. Saving
(Aug.) (Apr.)
P
T
(Apr.) (Feb.)
P T
(Dec.) (Nov.)
P
T
(Nov.) ( M a r ;
P
T
(Jan.) (July)
P
T
Annual rate, billion dollars (current)
290. Gross saving (private and government), Q
1 9 5 6
5 7
5 8
5 9
6 0
6 1
6 2
6 3
6 4
6 5
6 6
6 7
6 8
6 9
7 0
7 1
7 2
7 3
7 4
75
7 6
7 7
7 8
7 9
8 0
8 1
8 2
1 9 8 3
Current data for these series are shown on pages 82 and 83.
46
MARCH 1 9 8 2
IM:I»
II
OTHER IMPORTANT ECONOMIC MEASURES
NATIONAL INCOME AND PRODUCT—Continued
Chart A8. Shares of GNP and National Income
(Aug.) (Apr.)
P
T
(Apr.) (Feb.;
P T
(Dec.) (Nov.;
P
T
(Nov.)
P
(Mar.:
T
(Jan.) (July)
P
T
Percent
Percent of GNP
70-»
Personal consumption expenditures, Q
65-
60
20-
State and local government purchases
of goods and services, Q
15-
265. Federal Government purchases of goods and services, Q
10-
Nonresidential fixed investment, Q
249. Residential fixed investment,
0 J
Change in business inventories, Q
Net exports of goods and services, Q
Percent
Percent of National Income
80 •
64. Compensation of employees, Q
75-
70-
65 J
283. Proprietors' income with inventory valuation
and capital consumption adjustments, Q
151
Corporate profits with inventory valuation and
capital consumption adjustments, Q
10-
289. Net interest,
Rental income of persons with capital consumption adjustment, Q '
1956
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
0
72
73
74
75
76
77
78
79
80
81
82
1983
Current data for these series are shown on page 83.
t d )
MARCH 1 9 8 2
Digitized lfor FRASER
4 7
OTHER IMPORTANT ECONOMIC MEASURES
B
PRICES, WAGES, AND PRODUCTIVITY
Chart B l . Price Movements
(Nov.)
P
(Mar.)
T
(Nov.)
P
(Jan.) (July)
P T
220
200 H
deflator, GNP, Q
(Mar.)
T
310c. Implicit price deflator,
GNP (1-Q span) v s .
(Jan.) (July)
P
T
Percent change at annual rate
+15+ 10- <C
tt*
180
+ 5-
160
140-1
0-
Fixed weighted price index, gross business product (1-Q span)
+ 15-
240
+ 10-
220 200-
311. Fixed-weighted price index,
gross business product, Q
140-
Producer
330. All commodities
0-
180-
160-
320
300
280
260
240
220200 -
Producer prices
+30-
330c. All commodities
+20s
+ 10- oo
0-
+30-
335c. Industrial commodities
+20+10-
180
335. Industrial commodities
340 -1
320
300
280
260
240
220 H
200
qj
+ 5-
0+80+ 70+ 60+50-
331c. Crude materials
+40- CC
180 H
160'
331. Crude materials
+30-
380'
360'
340'
320'
300'
280260'
240'
220'
200'
+ 100-10-
332c. Intermediate
materials
+30-
180 H
160
+20-
300n
332. Intermediate materials
in
+20-
0-
"ro
+10- O
O
280260240«
333. Capital equipment
+30-
333c. Capital equipment
+20-
220 •
o
o
+10- o
200-1
0-
180 160 - I
334. Finished consumer goods
334c. Finished consumer goods
+20-
1f
..
140 •
+10-
*
Current data for these series are shown on pages 84, 85, and 86.
48
MARCH 1 9 8 2
B C I )
OTHER IMPORTANT ECONOMIC MEASURES
B
PRICES, WAGES, AND PRODUCTIVITY—Continued
Chart B l . Price Movements—Continued
(Aug.) (Apr.)
P T
(Dec.) (Nov.)
P
T
(Apr.) (Feb.)
P
T
(Nov.)
P
(Mar.)
T
(Jan.) (July)
P
T
Consumer prices —
Chart B2. Wages and Productivity
| 160
140-
341. Real average hourly earnings of production
workers, private nonfarm economy 1
120-
•
0
Average hourly iearnings of production workers,
private nonfarmi economy (current dollars) 1
|
1008060- 1
160 —|
346. Real average hourly compensation, all employees,
nonfarm business sector, Q \
IV
140120-
10080-
60-
345. Average hourly compensation, all employees,
nonfarm business sector, Q (current dollars)
40-
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
'Adjusted for overtime (in manufacturing only) and interindustry employment shifts and seasonality.
Current data for these series are shown on pages 84, 87, and 88.
BCI>
MARCH 1 9 8 2
49
II
OTHER IMPORTANT ECONOMIC MEASURES
a
PRICES, WAGES, AND PRODUCTIVITY—Continued
Chart B2. Wages and Productivity—Continued
(Aug.) (Apr.)
P
T
(Apr.) (Feb.)
P T
(Dec.) (Nov.)
P
T
(Nov.)
P
(Mar.)
T
(Jan.) (July)
P
T
Percent change
Wages—ConTj
+ 15-|
6-month spans (ann. rate)
Change in average hourly earnings of production
workers, private nonfarm economy 1 —
+ 10+5' » yf
340c. Current-dollar earnings
< V
0-
1-month spans2
\
341c. Real earnings
j\ ?
v W
5
I
I
+10>
11 11
+50-
Change in average hourly compensation, all employees,
nonfarm business sector, Q —
6-month spans (ann. rate)
-5-
' i; v| i'
ij
-10-
+ 15-
345c. Current-dollar compensation
+ 10-
+ 5oJ
346c. Real compensation
+ 10+ 5-
•
0-
4-quarter spans
-5-
Negotiated wage and benefit decisions, all industries
+ 15-
348. First year average changes, Q (ann. rate)-—
+ 10-
349. Average changes over life of
contract, Q (ann. rate)
+ 5-
Index: 1967 = 100
Productivity
110-1
358. Output per hour, all persons,
nonfarm business sector, Q
370. Output per hour, all persons,
private business sector, Q
Percent change
370c. Change in output per hour, private business sector, Q
1956
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
•Adjusted for overtime (in manufacturing only) and interindustry employment shifts and seasonality. 'One-month percent changes have been multiple •
comparable with the annualized 6-month changes. See page 87 for actual 1-month percent changes.
Current data for these series are shown on pages 87 and 88.
v
78
79
80
81
82
1983
a constant (12) to make them
MARCH 1 9 8 2
OTHER IMPORTANT ECONOMIC MEASURES
LABOR FORCE, EMPLOYMENT, AND UNEMPLOYMENT
Chart C I . Civilian Labor Force and Major Components
(Aug.) (Apr.)
P
T
P
(Apr.) (Feb.)
T
(Dec.) (Nov.)
P
T
(Nov.)
P
(Mar.)
T
(Jan.) (July)
P T
115-«
110105 100959085807570-
442. Total employed (millions)
force participation rates (percent)
908580«
J
75
60-
453. Both sexes 16-19 years of age
55504540-
452. Females 2 0
11.
10<
9'
87«
65-
Number unemployed (millions)
Total unemployed
43543-
444. Males 20 years and over
2H
445. Females 2 0
and over \
1J
446. Both sexes
9-|
87-
Number unemployed, full-time
workers (millions)
6<
5-
448. Number employed part-time for economic
reasons
43-
21956
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 are shown on page 89.
Kill
MARCH 1 9 8 2
5
1
OTHER IMPORTANT ECONOMIC MEASURES
D
I
GOVERNMENT ACTIVITIES
Chart D l . Receipts and Expenditures
(Aug.) (Apr.)
P
T
(Apr.) (Feb.)
P
T
(Dec.) (Nov.)
P
T
(Nov.)
P
(Mar.)
T
(Jan.) (July)
P T
flnnual rate, billion dollars (current)
9001
800700600500400 <
300-
Federal Government expenditures, Q
200-
Federal Government receipts, Q
100 J
Federal Government surplus
+100-10-20-30-40-50-60-70-80-90-100-
«a:
a>
o
<s>
500-»
450400350300250200-
511. State and local government receipts, Q
150-
State and local government expenditures, Q
100-
State and local government
+ 40-|
+30_aj
+20+10- £
0-
Current data for these series are shown on page 90.
52
MARCH 1 9 8 2
BCII
II
D
OTHER IMPORTANT ECONOMIC MEASURES
GOVERNMENT ACTIVITIES—Continued
Chart D2. Defense Indicators
(Aug.) (Apr.)
P
T
(Dec.) (Nov.)
P
T
(Apr.) (Feb.)
P T
(Nov.)
P
(Mar.)
T
(Jan.) (July)
P
T
20-
Advance Measures of Defense Activity
18161412-
Defense Department gross obligations incurred
(bil. dol.; MCD moving avg.—6-term)
10 —|
12-1
111097H
6'
Defense Department military prime contract awards
(bil. dol.; MCD moving avg.—6-term)
54-
3-
110-1
10090<
80 H
70"
605040-
308765-
548. Manufacturers' new orders, defense products
(bil. dol.; MCD moving avg.—6-term)
4-
3-
2
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 are shown on page 90.
Digitized B CFRASER
for I ) MARCH 1 9 8 2
5 3
OTHER IMPORTANT ECONOMIC MEASURES
D
I
GOVERNMENT ACTIVITIES—Continued
Chart D2. Defense Indicators—Continued
(Aug.) (Apr.)
P
T
(Apr.) (Feb.)
P T
(Dec.) (Nov.)
P
T
(Nov.)
P
(Mar.)
T
(Jan.) (July)
P
T
Intermediate and Final Measures of Defense Activity
557. Output of defense and space equipment (index: 1967 = 1 0 0 )
559. Manufacturers inventories, defense products (bil. dol.)
561. Manufacturers unfilled orders, defense products (bil. dol.)
580. Defense Department net outlays, military functions and military
assistance (bil. dol.; MCD moving avg.—6-term)
^ ^
588. Manufacturers' shipments, defense products
(bil. dol.; MCD moving avg.—4-term)
1 9 5 6
5 7
5 8
5 9
6 0
6 1
6 2
6 3
64
6 5
6 6
6 7
6 8
6 9
7 0
7 1
7 2
7 3
74
7 5
7 6
7 7
7 8
7 9
8 0
8 1
8 2
1 9 8 3
Current data for these series are shown on page 91.
MARCH 1 9 8 2
II
D
OTHER IMPORTANT ECONOMIC MEASURES
GOVERNMENT ACTIVITIES—Continued
Chart D2. Defense Indicators—Continued
(Aug.) (Apr.)
P
T
P
(Apr.) (Feb.)
T
(Dec.) (Nov.)
P
T
(Nov.)
P
(Mar.)
T
(Jan.) (July)
P T
Intermediate and Final Measures of Defense
Employment in defense products industries (millions)
1.81.6- CNI
1.4- o>
s
1.21.0J
Defense Department personnel (millions)
577. Military, active duty
3.5-1
3.0
2.5
2.0 H
Civilian, direct hire employment
1.5"
1.0-
0.5-
National Defense Purchases
180160140-
Federal Government purchases of goods and services for national
defense, Q (ann.rati
120IOOH
80-
60-
40-
565. National defense purchases as a percent of GNP, Q (percent)
10987654-
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 are shown on page 91.
t
Digitized IforC I I MARCH 1 9 8 2
FRASER
5 5
OTHER IMPORTANT ECONOMIC MEASURES
E
U.S. INTERNATIONAL TRANSACTIONS
Chart E l . Merchandise Trade
(Aug.) (Apr.)
P
T
(Apr.) (Feb.)
P T
(Dec.) (Nov.)
P
T
(Nov.;
P
(Mar.;
T
(Jan.) (July)
P
T
602. Exports, excluding military aid shipments
(bil. dol.; MCD moving avg.—5-term)
i
604. Exports of agricultural products,
total (bil. dol.)
r
606. Exports of nonelectrical machinery (bil. dol.)
612. General imports (bil. dol.; MCD moving avg.—4-term)
614. Imports of petroleum and petroleum products (bil. dol.)
616. Imports of automobiles and parts (bil. dol.)
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 are shown on page 92.
56
MARCH 1 9 8 2
B C I )
II
OTHER IMPORTANT ECONOMIC MEASURES
U.S. I N T E R N A T I O N A L
C h a r t E2.
TRANSACTIONS—Continued
Goods and Services M o v e m e n t s
(Aug.) (Apr.)
P
T
(Nov.)
P
(Dec.) (Nov.;
P
T
(Apr.) (Feb.)
P T
(Jan.) (July)
P T
(Mar.)
T
440-i
400-1
360-
Excess of receipts
t
I Excess of payments
320280H
240200160-
120 •
Goods and services
Balance on goods and services,
320280240-1
200-
160«
120 •
J
80
Merchandise, adjusted
100-
622. Merchandise trade balance, Q
908070605040-
Investment income
30-
651. Income on U.S. investments abroad,
2010-
652. Income on foreign investments in the U.
0-
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 are shown for the p e r i o d prior to 1 9 6 0 .
C u r r e n t data for these series are shown o n page 9 3 .
BCI)
MARCH 1982
5 7
II
OTHER IMPORTANT ECONOMIC MEASURES
INTERNATIONAL
Chart Fl.
COMPARISONS
Industrial Production
(Aug.) (Apr.)
(Apr.) (Feb.)
280-1
260-
Industrial production
240220200180 160140-
European countries v
120<
100-
722. United Kingdom
80-
60-1
200180 <
160<
725. West Germany
140120100-
80
J
200180-
723. Canada
160-
140-
726. France
120100-
80-
60-
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
C u r r e n t data for these series are shown o n page 9 4 .
8
Digitized5for FRASER
MARCH 1982
I M J )
OTHER IMPORTANT ECONOMIC MEASURES
INTERNATIONAL COMPARISONS—Continued
Chart F3. Stock Prices
Chart F2. Consumer Prices
(Nov.)
P
(Nov.)
P
(Jan.) (July)
P T
(Mar.)
T
(Jan.)(July)
P T
(Mar.)
T
idex: 1967 - 1 0 0
1
6-month spans
Percent change at annual rate
Stock prices—
Consumer p r i c e s -
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.
MARCH 1982
59
CYCLICAL INDICATORS
COMPOSITE INDEXES AND THEIR COMPONENTS
Q |
9 2 0 . Index of
4 roughly
coincident indicators (series
41, 4 7 , 5 1 , 5 7 )
9 3 0 . Index of
6 lagging indicators (series
62, 70, 72,
91, 95, 1 0 9 )
(1967 = 100)
Year
and
month
9 1 0 . Index of
12 leading indicators (series
1, 5, 8, 12, 19,
20, 29, 3 2 , 3 6 ,
92, 104, 1 0 6 )
(1967 = 100)
(1967 = 100)
9 4 0 . Ratio,
coincident
index to
lagging index
C O M P O S I T E INDEXES
Leading indicator subgroups
9 1 3 . Marginal
employment
adjustments
(series 1, 2, 3 ,
5)
9 1 5 . Inventory
investment
and purchasing
(series 8 , 3 2 , 3 6 ,
92)
(1967 = 100)
(1967 = 100)
(1967 = 100)
(1967 = 100)
(1967 = 100)
111 6
109 9
107 8
102.7
102.1
101.6
90.9
91.6
89.6
137.2
138.7
136.4
104
103
104
100.3
98.8
97.7
88.7
88.5
89.7
131.8
126.4
128.9
0
8
98.5
99.5
101.5
90.6
91.3
91.5
133.5
137.4
139.0
3
2
3
103.1
103.4
103.2
91.8
92.2
93.0
139.4
139.9
138.8
102.1
103.1
103.7
93.9
94.4
0)94.5
139.4
137.5
rl39.0
rl06. 3
105 2
103 6
0)104.3
103.7
103.5
94.4
93.7
93.8
rl40.4
0)rl4O.7
rl40.0
94 8
93 6
91
1
(1967 = 100)
9 1 4 . Capital
investment
commitments
(series 12, 2 0 ,
29)
102 7
102 2
101 7
103.9
103.1
102.1
93.5
93.5
r91.6
rl39.0
rl38.3
rl36.8
r98 9
r99 2
r98 6
rlOO.7
99.8
r99.1
r 91.1
r90.7
(NA)
rl36.1
rl36.0
rl36.2
9 1 6 . Profitability (series
19, 2 6 , 8 0 )
917. Money
and financial
flows (series
104, 106, 1 1 0 )
( 0
1980
January
February
March
134.7
134.1
131.5
146
145
143
April
May
June
126.2
123.0
123.9
July
August
September
October
November
December
1
178 4
180 8
190 0
81
80
75
140 5
138 0
136
7
196 2
183. 5
168 5
71 6
75 2
81 1
128.1
130.7
134.4
136
136
138
5
7
163 6
161 7
164 2
83 4
0)84.5
84
1
135.0
136.5
136.4
139 7
140 8
141 3
168 5
175 6
191 0
82 9
80 2
74 0
93 6
94 2
94 5
107
108
108
142. 0
142. 5
142. 4
189. 1
186 5
181 2
75. 1
76 4
78 6
94. 2
94 1
94 1
106. 7
105 2
106 0
2
5
1
9
3
5
96
96
94
3
4
5
90 3
88 3
89 6
91 7
92 2
92 9
106
107
0)108
3
2
5
1
1981
January
February
March
135.2
134.2
rl35.8
April
May
June
[H)r 1 3 7 . 3
136.1
rl35.1
142
142
142
2
2
5
July
August
September
rl34.8
134.2
130.8
142 6
0)142.6
142 0
October
November
December
rl28.2
rl27.8
126.8
139. 9
138 7
136. 6
179 4
rl89 6
rl91 4
193 0
rl93 9
0)rl94.5 -
79 3
r75 0
74 5
0)94.9
94 2
94 4
73 9
73 5
73 0
rl89
rl84
rl81
7
9
6
73 7
r75 0
75 2
90
90
89
182
186
4
3
r73
p72
(NA)
4
2
1
1982
2
January
February
March
3
125.3
124.9
134
"135
1
1
5
5
5
r98
p97
5
7
r97.4
p97.6
rl37.0
pl35.5
April
May
June
July
August
September
October
November
December
NOTE: Series are seasonally adjusted except for those, indicated by
that appear to contain no seasonal m o v e m e n t . Current high values are indicated by 0 ) ; for series that move counter to m o v e m e n t s
in general business activity, current low values are indicated b y 0 ) . Series numbers are for identification only and do not reflect series relationships or order. C o m p l e t e titles and sources are listed a t the back
of this issue. The " r " indicates revised; " p " , preliminary; " e " , estimated; " a " , anticipated; and " N A " . not available.
Graphs of these series are shown on pages 10 and 11.
'See "New
Excludes
This Issue,"
3
Excludes
''Excludes
5
Excludes
2
F e a t u r e s and Changes
s e r i e s 12, f o r w h i c h
page i i i ( i t e m 1 ) .
s e r i e s 12 and 36, f o r
s e r i e s 57, f o r w h i c h
s e r i e s 70 and 9 5 , f o r
60
f o r T h i s I s s u e , " ( i t e m 2) on page i i i o f t h e F e b r u a r y 1982 i s s u e .
d a t a a r e n o t a v a i l a b l e , and i n c l u d e s a s u b s t i t u t e v a l u e f o r s e r i e s
1.
See "New F e a t u r e s and Changes
which data are not a v a i l a b l e .
data are not a v a i l a b l e .
which data are not a v a i l a b l e .
MARCH 1982
for
CYCLICAL INDICATORS
B
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
MAJOR E C O N O M I C
PROCESS
EMPLOYMENT AND UNEMPLOYMENT
Minor Economic
Process
Timing Class
L, L, L
L, C, L
2 1 . Average
weekly overtime
hours, production workers,
manufacturing
(Hours)
Year
and
month
1. Average
workweek of
production
workers,
manufacturing
(Hours)
L, L, L
2. Accession
rate, manufacturing
(Per 1 0 0 e m ployees)
L, C, L
5. Average
weekly initial
claims, State
unemployment
insurance 1
(2)
1980
L, L, L
3. Layoff rate,
manufacturing
L, Lg, U
4. Quit rate,
manufacturing
(Per 1 0 0 e m ployees)
(Per 1 0 0 e m ployees)
(2)
(Thous.)
Comprehensive
Employment
Job Vacancies
Marginal E m p l o y m e n t Adjustments
L, Lg, U
L, Lg, U
U, C, C
6 0 . Ratio, helpwanted advertising to persons
unemployed
4 6 . Index of
help-wanted
advertising
in newspapers
4 8 . Employeehours in nonagricultural
establishments
(Ratio)
(1967 = 100)
(Ann. rate,
bil. hours)
(2)
January
February
March
40.1
40.0
39.7
3 1
2 9
3 0
3 9
3. 8
3. 7
416
397
438
1 4
1 3
1 4
1 9
1 9
1 8
0.688
0.677
0.643
154
151
145
172.48
172.12
171.17
April
May
June
39.8
39.5
39.3
3 0
2 6
2 5
3 2
3 1
3 4
532
616
581
2 7
3 2
2 6
1 6
1 5
1 4
0.493
0.414
0.427
122
112
115
170.18
169.03
167.96
July
August
September
39.2
39.5
39.6
2 5
2 7
2 7
3 5
3 6
3 7
510
495
488
1 6
1 8
1 5
1 4
1 4
1 3
0.422
0.423
0.453
118
117
122
167.03
168.11
169.05
October
November
December
39.7
39.8
39.9
2 8
3 0
3 0
0)3.7
3.6
3.5
447
422
420
1 5
1 3
1 2
1 3
1 4
1 5
0.466
0)0.495
0.490
127
0)134
130
169.65
170.04
171.11
40.1
39.8
39.9
3 0
2 8
2 8
3 5
3 5
3. 4
424
410
413
1 4
1 3
1 3
1 4
1 4
1 3
0.475
0.482
0.468
128
129
125
0)172.81
171.59
172.08
40.2
0)40.3
40.1
2.9
0)3.2
3.0
3 4
3 1
3 4
395
401
405
1 1
1 3
1 3
1 3
1 3
1 4
0.445
0.426
0.450
118
118
121
170.50
171.37
170.86
July
August
September
40.0
40.0
39.3
3 0
3 0
2 7
3 4
3 2
2 9
0)395
421
483
0)1.0
1.4
1.7
0)1.5
1.3
1.3
0.468
0.444
0.405
123
119
112
171.03
171.23
167.88
October
November
December
39.5
39.3
39.0
2 7
2 5
2. 4
2. 9
3. 1
2. 7
517
539
551
2 2
2 3
2 2
1 2
1 1
1 1
0.378
0.363
0.339
110
111
109
170.63
170.05
rl69.94
r37.3
p39.1
r2 3
P2 3
563
p514
(NA)
0.339
pO.323
106
pl04
rl65.85
P170.02
1981
January
February
March
April
May
June
1982
January
February
March
(NA)
(NA)
April
May
June
July
August
September
October
November
December
See note on page 6 0 .
Graphs of these series are shown on pages 12, 16, and 17.
' D a t a e x c l u d e P u e r t o R i c o , w h i c h i s i n c l u d e d i n f i g u r e s p u b l i s h e d by t h e s o u r c e a g e n c y .
See "New F e a t u r e s and Changes f o r T h i s I s s u e " ( i t e m 2) on page i i i o f t h e F e b r u a r y 1982
2
BCII MARCH 1982
issue.
61
CYCLICAL INDICATORS
B
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
MAJOR E C O N O M I C
PROCESS
EMPLOYMENT AND UNEMPLOYMENT-Continued
Minor Economic
Process
Comprehensive E m p l o y m e n t — C o n t i n u e d
Timing Class
Year
month
U, C, C
42. Persons
engaged in nonagricultura
activities, labor
force survey
(Thous
)
Comprehensive U n e m p l o y m e n t
L, C, U
U, Lg, U
4 1 . Employees
on nonagricultural payrolls,
establishment
survey
40. Employees
in goodsproducing industries ( m i n ing, mfg., construction)
9 0 . Ratio,
civilian employm e n t to total
population of
working age
(Thous.)
(Thous.)
C, C, C
(Percent)
L, Lg, U
L, Lg, U
L, Lg, U
37. N u m b e r of
persons unemployed, labor
force survey
43. Unemploym e n t rate,
total
4 5 . Average
weekly insured u n e m p l o y m e n t rate,
State p r o g r a m s 1
9 1 . Average
duration of
unemployment
44. Unemploym e n t rate,
persons u n employed 15
weeks a n d over
(Thous.)
(Percent)
(Percent)
(Weeks)
(Percent)
Lg, Lg, Lg
Lg, Lg, Lg
1980
January
February
March
96, 506
96, 521
96, 205
90,687
90,865
90,871
26 385
26 363
26 238
59. 20
5 9 17
58 91
6,660
6,635
6,714
6 3
6 ?
6 3
3 3
3 ?
3 4
10 5
10.6
11 0
1.3
1.3
1.4
April
May
June
95, 832
95, 552
95 483
90,817
90,446
90,087
25 971
25 662
25 402
5 8 . 55
58 39
58 20
7,370
8,059
8,024
6 9
7. 5
7 5
3 7
4 2
4 5
11 3
10 7
11 7
1.6
1 6
1.7
July
August
September
95, 546
95, 667
95, 759
89,960
90,219
90,461
25 151
25 322
25 445
58 16
58 11
58 21
8,330
8,239
8,024
7
7
7
8
7
5
4 3
4 2
4 2
11 9
12 4
13 0
1.9
2.0
2.1
October
November
December
95, 965
96, 164
96, 146
90,668
90,844
90,949
25 521
25 629
25 631
58 21
58 27
58 26
8,109
8,066
7,899
7
7
7
5
5
3
4 0
3 8
3 6
13 2
13 5
13 6
2.1
2.2
2.2
96 456
96 723
97 063
91,091
91,258
91,347
25 647
25 657
25 705
58 34
58 38
58 52
8,022
7,965
7,958
7
7
7
4
4
3
3 5
3 3
3 4
14 4
14 1
13 9
2.2
2.1
2.1
97 408
97 6 4 0
97 082
91,458
91,564
91,615
25 700
25 705
25 ,818
5 8 73
0)58.76
58 33
7,899
8,248
8,004
7
7
7
3
5
4
3
3
3
13 7
13 3
14 3
2.0
2.0
2.2
July
August
September
97 522
97 4 3 6
96 900
91,880
91,901
0)92,033
0)25,939
931
930
58 51
58 44
58 03
0)7,824
7,978
8,236
0)7.2
7 3
7 6
October
November
December
96 , 9 6 5
96 , 8 0 0
96 ,404
91,832
91,522
r91,113
25 ,662
25 ,418
r25 ,104
58 01
57 85
57 47
8,669
9,100
9,571
8 0
8 3
8 8
96 ,170
96 ,217
r90,839
p90,936
r24 ,764
p24 ,789
57 40
57 35
9,298
9,575
8
8
1981
January
February
March
April
May
June
0)
25
25
4
3
3
0)3 1
3 2
3 3
3 5
3 9
4 1
14
14
13
1
3
7
2.0
0)2.0
2.1
2.1
2.2
2.2
13 6
13 1
0)12 8
1982
January
February
March
5
8
4 0
•4.0
13
14
5
1
2.2
2.5
April
May
June
July
August
September
October
November
December
See note on page 60.
Graphs of these series are shown on pages 14, 15, 17, and 18.
1
D a t a e x c l u d e P u e r t o R i c o , w h i c h i s i n c l u d e d i n f i g u r e s p u b l i s h e d by t h e s o u r c e
62
agency.
MARCH 1982 IM]|)
CYCLICAL INDICATORS
B
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
MAJOR ECONOMIC
PROCESS
PRODUCTION AND INCOME
Minor Economic
Process
Timing Class
Year
and
month
Industrial Production
Comprehensive Output and Income
C, C, C
50. Gross national product
in 1 9 7 2 dollars
C, C, C
52. Constant
( 1 9 7 2 ) dollars
51. Persona
income, less
transfer payments, in 1 9 7 2
dollars
(Ann. rate,
bil. dol.)
(Ann. rate,
bil. dol.)
53. Wages and
salaries in
mining, mfg.,
and construc
tion in 1 9 7 2
dollars
(Ann. rate,
bil. dol.)
Personal income
223. Current
dollars
(Ann. rate,
bil. dol.)
C, C, C
C, C, C
(Ann. rate,
bil. dol.)
C, C, C
47. Index o'
industrial
production,
total
(1967 = 100)
C, C, C
73. Index of
industrial
production,
durable manufactures
(1967 = 100)
C, L, L
74. Index of
industrial
production,
nondurable
manufactures
(1967 = 100)
C, C, C
49. Value of
goods output
in 1 9 7 2 dollars
(Ann. rate,
bil. dol.)
1980
January
February
March
l,5oi.9
2 077 2
2 086 4
2 101 0
1 216 2
1 207 4
1 199 2
1 056. 5
1 050. 9
1 044. 0
240 7
239 4
236 5
153 0
152 8
152 1
144 8
144 4
143 5
166 0
165 8
164 3
682.1
April
May
June
1,463.3
2 102 1
2 114 1
2 127 1
1 194 4
1 195 1
1 195 0
1 037. 6
1 036. 0
1 035. 1
232 0
228 1
225 0
148.2
143.8
141.4
138.5
133.3
129.9
161 6
158 1
155 1
658.1
July
August
September
1,471." 9
2 161 2
2 179 4
2 205 7
1 206 7
1 207 4
1 208 6
1 033. 8
1 036. 2
1 036. 9
224. 1
226. 3
227 9
140 3
142 2
144 4
128 7
129 9
132 1
154 6
157 6
161 0
657'.5
October
November
December
1,485.6
2 234 3
2 257 6
2 276 6
1 216 3
1 221 0
1 222 7
1 045. 5
1 051. 6
1 053. 7
229. 4
231. 6
232. 2
146 6
149 2
150 4
135 7
139 2
140 3
162 1
163 0
165 0
662.9
(H)l, 516! 4
2 300 7
2 318 2
2 340 4
1 227 7
1 231 1
1 233 1
1 057. 8
1 062. 0
1 063. 5
0)234.9
232.6
232.6
151 4
151 8
152 1
141 0
140 8
142 1
165 6
166 2
165 3
688.9
April
May
June
1,510^4
2 353 8
2 367 4
2 384 3
1 234 9
1 236 2
1 238 6
1 065. 7
1 067. 3
1 069. 0
232. 3
232. 0
231. 8
151 9
152 7
152 9
142.5
143.5
143.2
165 9
166 4
165 8
686.3
July
August
September
1,515!8
2 419 2
2 443 4
2 462 6
1,243.8
0)1,250.5
1,249.4
1 068. 0
1 075. 6
1 075. 4
231. 7
231. 8
229. 8
0)153.9
153.6
151.6
0)143.6
143.4
140.9
167.1
0)167.3
165.9
0)69i.9
October
November
December
rl,498.4
r2 475 2
r2 492 4
r2 492 0
247 6
249 9
245 4
rl,074.4
0>rl,O75.7
rl,070.5
228. 9
227. 5
224. 8
149 1
rl46. 3
rl43. 2
137 8
rl34 4
rl31 2
162 8
rl60. 3
rl56. 9
r672.6
r l ,238 9
pi,243 8
r l 064. 8
Pi 068. 9
r224.2
P224.6
rl39 6
pl41 8
rl26.6
pl29.2
rl53. 5
pl55. 8
1981
January
February
March
rl
rl
rl
1982
January
February
March
r2,497.7
0>p2,5O9.9
April
May
June
July
August
September
October
November
December
See note on page 60.
Graphs of these series are shown on pages 14, 19, 20, and 40.
BCII MARCH 1982
6 3
CYCLICAL INDICATORS
B
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
MAJOR ECONOMIC
PROCESS
Q j
Minor Economic
Process
Capacity Utilization
Timing Class
Year
and
month
CONSUMPTION, TRADE, ORDERS, AND DELIVERIES
PRODUCTION AND INCOME—Continued
L, C, U
83. Rate of
capacity
utilization,
manufacturing
(BEA)
82. Rate of
capacity
utilization,
manufacturing
(FRB)
(Percent)
(Percent)
Orders and Deliveries
L, C, U
84. Rate of
capacity
utilization,
materials
(Percent)
L, L, L
L, L, L
Value of manufacturers' new
orders, durable goods industries
6. Current
dollars
(Bil. dol.)
7. Constant
(1972) dollars
(Bil. dol.)
L, L, L
8. New orders
for consumer
goods and
materials in
1972 dollars
(Bil. dol.)
L, L, L
L, Lg, U
L, L, L
25. Change in
unfilled orders,
durable goods
industries
96. Manufacturers' unfilled
orders, durable
goods industries
32. Vendor
performance,
companies receiving slower
deliveries (u)
(Bil. dol.)
(Bil. dol.)
(Percent
reporting)
1980
January
February
March
83.4
85.8
83.58
83.15
79.39
41.79
41.10
39.22
36.72
36.89
33.96
3.92
2.50
1.88
297.58
300.08
301.96
48
42
45
77.9
78.8
73.38
69.00
70.33
36.16
33.89
34.21
31.25
30.27
30.05
-1.34
-3.30
-1.58
300.62
297.33
295.75
40
32
28
75.9
75.2
80.21
76.78
82.16
38.66
36.72
39.09
32.50
32.65
34.31
0)4.66
1.30
2.43
300.40
301.70
304.13
32
34
39
79.i
80.1
83.36
83.97
86.58
39.21
39.35
0)40.21
35.71
35.36
35.06
0.84
0.74
3.10
304.98
305.72
308.82
44
45
47
0)79.9
0)82.2
84.21
85.45
86.73
39.00
39.41
39.80
33.77
35.61
34.96
0.88
1.23
1.67
309.70
310.93
312.60
46
50
52
79.8
81.2
87.18
88.16
88.30
39.68
39.86
39.69
35.55
35.46
0)35.82
0.85
1.50
-0.48
313.45
314.95
314.48
0)56
52
48
79.3
81.1
0)89.70
87.35
86.28
40.10
38.86
38.23
35.61
34.07
33.86
2.38
0.52
0.09
316.85
317.37
0)317.46
46
48
43
r74.7
r75.2
77.80
79.96
79.76
r34.29
35.07
34.92
r31.64
30.94
31.06
-4.78
-1.69
-1.38
312.68
311.00
309.61
38
32
30
r78.11
p79.27
r34.15
p34.71
r29.64
p29.98
r0.25
p-0.05
r309.86
p309.81
32
36
80
April
May
June
76
July
August
September
October
November
December
76
78
1981
January
February
March
78
April
May
June
H>78
July
August
September
October
November
December
76
p72
1982
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 12, 20, and 21.
64
MARCH 1982 IM]|)
CYCLICAL INDICATORS
B
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
MAJOR ECONOMIC
PROCESS
0 1
Minor Economic
Process
Timing Class
c, c, c
c, c, c
56. Current
dollars
(Mil. dol.)
57. Constant
(1972) dollars
(Mil. dol.)
C, L, C
75. Index of industrial production, consumer
goods
(1967 = 100)
C, L, U
U, L, U
Sales of retail stores
54. Current
dollars
(Mil. dol.)
FIXED CAPITAL
INVESTMENT
Formation of Business Enterprises
Consumption and Trade
Manufacturing and trade sales
Year
and
month
• I
Ell
CONSUMPTION, TRADE, ORDERS. AND DELIVERIES—Continued
59. Constant
(1972) dollars
(Mil. dol.)
L, C, C
L, L, L
58. Index of
consumer,
sentiment ©
55. Personal
consumption
expenditures,
automobiles
(1st Q
1966=100)
(Ann. rate,
bil. dol.)
L, L, L
L, L, L
13. Number of
new business
incorporations
12. Index of
net business
formation
(Number)
(1967 = 100)
1980
January
February
March
318 ,101
317 901
312 4 6 9
161,064
159,458
155,104
147 9
148 2
148 0
79 5 6 1
78 8 9 9
77 6 0 3
45 751
44 931
43 524
71
67.0
66 9
56 5
131 0
129 8
125 8
44,230
44,175
43,359
April
May
June
305 , 4 4 0
302 , 0 7 1
305 , 3 2 6
151,464
149,048
150,115
145 2
142 1
141 8
76 4 0 4
75 9 7 5
77 8 4 3
42 6 6 0
42 2 7 9
43 007
50
52 7
51 7
58 7
120 5
117 8
114 8
42,240
42,710
40,648
July
August
September
315 , 6 3 3
317 906
327 , 7 5 8
152,645
150,945
154,613
142 1
142 9
144 5
79 4 9 1
79 8 2 9
80 620
43 700
43 433
43 251
58
62 3
67 3
73 7
115 3
117 7
120 6
43,621
44,255
45,746
October
November
December
335 873
339 049
343 752
156,734
156,772
157,566
146 3
148 1
147 1
8 1 552
82 764
83 443
43 518
43 907
43 917
66
75 0
76 7
64 5
119 6
119 2
0)121.3
45,945
46,750
47,840
January
February
March
349 018
350 334
349 898
158,527
0)159,522
158,775
146 9
147 8
148.3
85 4 6 3
86 810
87 608
44 768
45 166
0 ) 4 5 182
0)75
6
71 4
66 9
66 5
118
117
117
1
1
7
46,039
47,706
47,879
April
May
June
350 923
349 245
354 442
157,941
156,601
158,501
148 9
150 7
150.3
85 8 5 5
85 5 0 1
87 384
44 1 6 4
43 892
44 721
63
3
72 4
76 3
73 1
118 0
115 4
114 6
49,413
48,997
49,172
July
August
September
0)354,759
352 / 8 3
3 5 3 111
157,406
156,178
156,182
0)150.7
149 6
147 8
87 350
88 591
0 ) 8 8 , 699
44 273
44 788
44 416
70 2
74 1
0)77.2
73. 1
112 9
112 3
111 5
49,404
48,631
48,450
October
November
December
345 287
345 213
r 3 4 2 226
151,783
151,684
rl50,745
146 5
rl44. 0
rl41 4
86 660
87 222
r 8 7 , 444
43 222
43 351
r 4 3 375
70.3
62 5
64. 3
rl08 1
rl06 4
el02 7
47,947
0)r49,413
47,556
p336,874
(NA)
pl47,265
(NA)
rl38 6
pl40.9
r 8 6 165
p87,552
r42 488
p43,193
1981
r62
9
1982
January
February
March
71 n
66. 5
(NA)
(NA)
April
May
June
July
August
September
October
November
December
See note on page 60.
Graphs of these series are shown on pages 12, 14, 22, and 23.
MARCH 1982
BCII
6 5
CYCLICAL INDICATORS
B
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
MAJOR ECONOMIC
PROCESS
Q J
Minor Economic
Process
Business Investment Commitments
Timing Class
L, L, L
L, L. L
Contracts and orders for plant
and equipment
Year
and
month
FIXED CAPITAL INVESTMENT-Continued
10. Current
dollars
(Bil. dol.)
20. Constant
(1972) dollars
(Bil. dol.)
L, L, L
L, L, L
Value of manufacturers' new orders,
capital goods industries, nondefense
24. Current
dollars
(Bil. dol.)
U, Lg, U
L, C, U
27. Constant
(1972) dollars
9. Construction contracts for commercial and industrial buildings 1
Square feet of
floor space
(Millions)
(Bil. dol.)
Square meters of
floor space 2
(Millions)
C, Lg, Lg
11. Newly
approved capital
appropriations,
1,000 manufacturing corporations
97. Backlog of
capital appropriations, 1,000
manufacturing
corporations
(Bil. dol.)
(Bil. dol.)
1980
January
February
March
27.88
24.54
25.97
15 2 8
13 45
13 92
24.84
21.98
23.09
13 8 3
12. 24
12 57
99 43
82 08
78.31
9 24
7 63
7. 27
27! 50
April
May
June
24.93
22.55
24.24
13 33
12 2 0
13 3 2
22.44
20.23
21.10
12 18
1 1 . 13
11. 90
72 7 6
67 35
71 59
6 76
6 . 26
6 . 65
25.81
July
August
September
26.34
25.62
25.67
14 5 9
13 4 9
13 8 4
23.52
21.28
22.52
0)13.32
11. 54
12. 43
74 62
71 41
64 15
6 93
6 63
5 96
2 4 ! 12
October
November
December
25.06
27.26
28.15
12 9 6
14 4 5
14 7 6
21.62
23.35
24.66
11. 42
12 7 1
13 2 2
73 46
0 ) 9 0 80
8 7 75
6 82
0)8.44
8 15
26~. 1 5
0)28.89
r24.90
28.33
[0)14.78
r l 2 . 52
14 2 0
{H>24.82
21.18
24.46
13 0 0
10 90
12 5 1
83 72
83 86
83 79
7 78
7 79
7 78
27.75
April
May
June
28.19
27.37
27.86
14 1 0
13 8 1
13 8 5
24.72
23.86
23.23
12 5 8
12 2 8
11 83
79 64
84 75
81 01
7. 40
7. 87
7 53
0)28.44
July
August
September
27.78
27.78
26.64
13 90
13 99
13 7 1
24.23
24.70
23.03
12 3 6
12 6 6
12 16
73 46
78 67
6 8 12
6 82
7 31
6 33
r26.51
October
November
December
24.71
27.16
27.20
12 1 9
14 16
14 1 1
21.00
23.81
22.52
10 59
12 7 3
12 14
74 26
70 77
70.65
6 90
6 57
6 56
p22.61
r26.58
p24.95
r l 3 10
p l 2 51
r21.97
p21.61
56 29
65 10
5 23
6 05
8 2 ! 36
86.38
8 8 ! 12
90.73
1981
January
February
March
9 3 ! 34
96.56
0)r97.34
p92^04
1982
January
February
March
rll
pll
17
12
April
May
June
July
August
September
October
November
December
See note on page 60.
Graphs of these series are shown on pages 12, 2 3 , and 2 4 .
1
T h i s i s a c o p y r i g h t e d s e r i e s used by p e r m i s s i o n ; i t may n o t be r e p r o d u c e d w i t h o u t w r i t t e n p e r m i s s i o n f r o m M c G r a w - H i l l
Company, F.W. Dodge D i v i s i o n .
2
C o n v e r t e d t o m e t r i c u n i t s by t h e Bureau o f Economic A n a l y s i s .
66
Information
Systems
MARCH 1982 IM]|)
CYCLICAL INDICATORS
B
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
MAJOR ECONOMIC
PROCESS
FIXED CAPITAL INVESTMENT-Continued
Minor Economic
Process
Timing Class
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
Residential Construction
Commitments and Investment
Business Investment Expenditures
(Ann. rate,
bil. dol.)
(1967 = 100)
C, Lg, C
Lg. Lg, Lg
C, Lg, C
Nonresidential fixed investment in 1972 dollars
86. Total
(Ann. rate,
bil. dol.)
87. Structures
(Ann. rate,
bil. dol.)
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.)
1980
January
February
March
291.89
306.87
313.92
311.56
175.2
176.5
176.2
165.0
50.5
114.5
1,339
1,356
1,060
105.2
96.6
80.6
54.2
April
May
June
294.36
303.73
305.60
305.91
174.5
171.8
169.7
156.1
48.7
107.4
1,030
939
1,196
66.6
69.8
88.4
43.1
July
August
September
296.23
307.06
299.58
317.20
169.5
171.1
170.7
155.5
46.8
108.8
1,273
1,418
1,463
99.5
109.5
0)122.6
44.7
October
November
December
299.58
317.03
320.32
322.93
171.9
173.9
177.1
157.0
47.8
109.3
1,504
1,539
1,457
109.1
110.3
100.9
50.6
January
February
March
312.24
326.16
325.22
336.68
177.7
177.5
179.3
162.0
49.6
112.4
0)1,585
1,294
1,318
98.1
94.1
93.1
0 ) 5 1 ".0
April
May
June
316.73
334.62
336.38
343.91
181.0
182.0
183.6
161.1
50.4
110.7
1,301
1,172
1,046
95.8
94.3
77.8
47.8
July
August
September
0) 328.25
338.38
346.89
347.05
0)184.8
184.4
182.7
0)163.9
51.5
0)112.4
1,040
946
899
73.7
69.9
68.7
42.7
October
November
December
327.83
334.01
346.08
0>r35O.66
180.5
rl79.0
rl78.4
rl62.7
0>r52!6
r110.1
854
860
r882
58.3
58.4
63.7
r39.4
p327.59
(NA)
rl72.4
pl73.3
r895
p953
67.2
64.2
1981
1982
January
February
March
ra330.34
April
May
June
ra336.77
July
August
September
October
November
December
See note on page 60.
Graphs of these series are shown on pages 13, 24, and 25.
BCII MARCH 1982
67
CYCLICAL INDICATORS
B
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
MAJOR ECONOMIC
PROCESS
INVENTORIES AND INVENTORY INVESTMENT
Minor Economic
Process
Inventory Investment
Timing Class
Year
and
month
L, L, L
L, L, L
30. Change in
business inventories in 1972
dollars
36. Change in inventories on
hand and on order, 1972 dollars
(Ann. rate,
bil. dol.)
Monthly
data
L, L, L
L, L, L
Smoothed
data 1
(Ann. rate,
bil. dol.)
Inventories on Hand and on Order
(Ann. rate,
bil. dol.)
31. Change
in book value
of mfg. and
trade inventories, total
(Ann. rate,
bil. dol.)
38. Change
in stocks of
materials and
supplies on
hand and on
order, mfg.
(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
L, 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.)
1980
-0.9
April
May
June
- 1 6 86
- 1 2 74
1 31
-12 58
- 1 5 69
-12 I b
51. 7
51. 2
37. 4
2 14
2 84
1 14
448 54
452 80
4 5 5 92
264 77
2 6 4 14
264 60
72 43
73 42
74 52
1 64
1 66
1 71
215.88
218.72
219.86
- 4 08
- 2 4 42
- 2 4 06
January
February
March
- 7 30
- 7 12
- 1 3 29
66. 3
18. 4
14. 5
- 0 92
- 2 35
- 2 24
461 44
462 98
464 19
266 02
265 24
264 73
75 99
76 67
77 10
1 . 76
1 78
1 76
218.94
216.59
214.35
July
August
September
-5.0
- 6 18
- 7 58
- 1 24
- 1 7 87
-15 41
- 8 80
31. 7
25. 4
30. 7
2 07
- 1 05
1 01
466.83
4 6 8 . 94
4 7 1 . 50
264 79
264 39
264 24
77 6 0
77 73
77 49
1 73
1 75
1 71
216.41
215.36
216.37
October
November
December
-7.2
5 68
- 1 74
- 1 4 76
- 3 02
- 0 07
- 1 35
25. 4
15. 2
3. 8
0 96
0 29
0 62
473 62
474. 88
475 20
264 33
2 6 4 10
262 97
77 25
77 44
76 56
1 69
1 68
1 67
217.33
217.62
218.24
January
February
March
-1.4
- 1 5 37
6 02
- 3 79
- 7 12
- 9 . 33
- 6 21
39. 0
67. 4
16. 8
0 13
1 40
- 0 25
478 45
4 8 4 07
485 47
262 8 1
262 86
262 64
76 20
77 47
79 25
1 66
1 65
1 65
218.37
219.78
219.52
April
May
June
10.8
3 36
7 25
0)17.33
- 1 26
2 07
5 79
19. 1
38. 3
47. 7
1 16
1 18
0 40
487 06
490 25
494 23
263 16
263 94
265.40
7 9 19
80 39
81 21
1 67
1 69
1 67
220.69
221.86
222.26
July
August
September
0)14.9
10 70
0 25
9 90
10 54
0)10.59
8 . 19
46 5
52 3
0)68.1
1 91
- 1 59
0)2.18
4 9 8 10
502 46
5 0 8 13
266 46
267 05
2 6 8 53
81 22
82 58
83 78
1 69
1 71
1 72
224.18
222.59
0)224.77
October
November
December
r4.2
rO . 7 3
r - 1 03
r - 2 2 .22
r 5 29
r3 41
r - 2 .15
42. 6
41. 8
r-40 9
- 2 60
- 1 76
- 1 00
5 1 1 68
0)515.16
r 5 1 1 76
r269 68
0)r27O.36
r 2 6 8 78
84 87
0)85.14
83.85
1 78
1 78
1 78
222.17
220.41
219.41
p-36 .60
(NA)
p - 1 3 73
(NA)
p-25. 0
(NA)
p - 2 85
(NA)
p509 68
(NA)
p266.46
(NA)
p83.25
(NA)
0>pl.81
(NA)
p216.56
(NA)
1981
1982
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, 15, 26, and 27.
'This series
i s a w e i g h t e d 4 - t e r m moving average
Digitized for 8
6 FRASER
(with weights
1,2,2,1)
p l a c e d on t h e t e r m i n a l month o f t h e
span.
MARCH 1982
IM]|)
CYCLICAL INDICATORS
B
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
MAJOR ECONOMIC
PROCESS
Q |
Minor Economic
Process
U, L, L
L, L, L
92. Change in sensitive crude
materials prices
Year
and
month
Stock
Prices
Sensitive Commodity Prices
Timing Class
23. Index of
spot market
prices, raw
industrials3©
Smoothed
data2
Monthly
data
(Percent)
(Percent)
PRICES, COSTS, AND PROFITS
L, L, L
19. Index of
stock prices,
500 common
stocks ©
(1967 = 100)
(1941-43 = 10)
Profits and Profit Margins
L, L, L
L, L, L
Corporate profits after taxes
16. Current
dollars
(Ann. rate,
bil. dol.)
18. Constant
(1972) dollars
(Ann. rate,
bil. dol.)
L, C, L
L, C, L
Corporate profits after taxes
with IVA and CCAdj 1
79. Current
dollars
(Ann. rate,
bil. dol.)
80. Constant
(1972) dollars
(Ann. rate,
bil. dol.)
L, L, L
22. Ratio,
profits (after
taxes) to total
corporate
domestic income
(Percent)
1980
3.21
1.48
-1.44
2.30
2.30
1.65
316.2
322.5
316.9
110.87
115.34
104.69
182.9
102.6
106.0
60.1
April
May
June
0.54
0.07
0.96
0.64
-0.04
0.12
301.9
278.5
267.5
102.97
107.69
114.55
146! 5
8 0 .'3
97.8
54 ."i
July
August
September
2.04
2.41
2.06
0.77
1.41
1.99
277.6
292.1
298.3
119.83
123.50
126.51
159! i
85.5
99.4
54^0
10.0
October
November
December
2.46
2.31
1.45
2.24
2.29
2.18
300.8
0)304.7
298.4
130.22
0)135.65
133.48
164.3
86.6
98.1
52.2
10.3
2.74
0)6.64
-0.62
2.12
2.89
0)3.26
291.6
284.2
289.8
132.97
128.40
133.19
0)169^2
115.3
0)6o'. 2
0)10-3
1.71
2.25
0.23
2.75
1.84
1.26
293.0
288.9
282.9
134.43
131.73
132.28
152.7
77.4
113.9
58! 2
9.2
July
August
September
0.47
-0.63
0.79
1.19
0.50
0.12
286.6
289.5
283.0
129.13
129.63
118.27
156! 3
76.5
0)117! 6
58.9
9.i
October
November
December
r-1.09
r-0.47
0.24
r-0.05
r-0.28
-0.35
277.2
270.5
264.2
119.80
122.92
123.79
p54.2
p8.4
-1.31
-2.02
r-0.48
-0.77
263.4
261.0
"254.9
January
February
March
11.5
1981
January
February
March
April
May
June
pl45.2
0)87*. 8
p71.0
pllO.l
1982
January
February
March
5
117.28
114.50
110.60
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 2 9 .
2
' I V A , i n v e n t o r y v a l u a t i o n a d j u s t m e n t ; CCAdj, c a p i t a l c o n s u m p t i o n a d j u s t m e n t .
T h i s s e r i e s i s a w e i g h t e d 4 - t e r m moving a v e r a g e ( w i t h
3
w e i g h t s 1 , 2 , 2 , 1 ) p l a c e d on t h e t e r m i n a l month o f t h e span.
B e g i n n i n g w i t h d a t a f o r June 1981, t h i s s e r i e s i s based on c o p y r i g h t e d d a t a
used by p e r m i s s i o n ; i t may n o t be r e p r o d u c e d w i t h o u t w r i t t e n p e r m i s s i o n f r o m Commodity R e s e a r c h B u r e a u , I n c .
''Average f o r March 1 t h r o u g h
5
16, e x c l u d i n g weekends.
A v e r a g e f o r March 3, 10, 17, and 24.
B C I I MARCH 1982
6 9
CYCLICAL INDICATORS
B
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
MAJOR ECONOMIC
PROCESS
Q j j
Minor Economic
Process
Profits and Profit Margins—Continued
Timing Class
Year
and
month
PRICES, COSTS, AND PROFITS—Continued
U, L, L
81. Ratio,
profits (after
taxes) with IVA
and CCAdj to
corp. domestic
income 1
(Percent)
Cash Flows
L, L, L
L, L, L
15. Profits (after
taxes) per dollar
of sales, all
manufacturing
corporations
26. Ratio, price
to unit labor
cost, nonfarm
business sector
(Cents)
(1977 = 100)
L, L, L
Unit Labor Costs and Labor Share
L, L, L
(Ann. rate,
bil. dol.)
Lg, Lg, Lg
63. Index of
unit labor cost,
private business
sector
68. Labor cost
per unit of real
gross domestic
product, nonfinancial
corporations
(Ann. rate,
bil. dol.)
(1977 = 100)
(Dollars)
Net cash flow, corporate
34. Current
dollars
Lg, Lg, Lg
35. Constant
(1972) dollars
Lg, Lg, Lg
Lg, Lg, Lg
62. Index of
labor cost per
unit of output,
manufacturing
64. Compensation of employees as a percent
of national
income
(1967 = 100)
(Percent)
1980
January
February
March
5.6
96.5
280.7
155.2
127.0
1.158
182.8
184.8
186.9
74.6
April
May
June
4.4
95^8
246 ! l
132.2
13l! 3
1.193
190.3
194.7
198.7
75.8
July
August
September
4^6
96.4
262.9
138.6
133! 9
1.203
200.3
200.5
199.9
75.3
October
November
December
4.9
96.4
272.0
141.1
137.1
1.230
199.7
200.3
200.6
75^4
0)97." 3
0 ) 2 8 2 *4
0)144.7
139.4
1.244
202.8
204.1
204.8
75.2
1981
January
February
March
6.4
April
May
June
[H) 6 1 5
10)5'. i
96.9
27o! 5
134.6
14 i." 6
1.266
206.5
207.5
208.8
75.5
July
August
September
6^4
p4'.8
96.8
279*2
1 3 6 '.4
145.2
1.295
209.2
210.8
214.0
75.3
October
November
December
p6.0
(NA)
r96 !6
0)rl49.7
0>pl.334
217.9
r221.5
r224.1
0>p75i9
p274
pl3l!6
1982
January
February
March
0>r231.O
p228.7
April
May
June
July
August
September
October
November
December
See note on page 60.
Graphs of these series are shown on pages 15, 2 9 , and 30.
1
IVA,
inventory valuation adjustment;
0
CCAdj, c a p i t a l
consumption
adjustment.
MARCH 1982
CYCLICAL INDICATORS
B
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
MAJOR ECONOMIC
PROCESS
Q
Minor Economic
Process
Timing Class
Year
and
month
MONEY AND CREDIT
L, L, L
85. Change in
money supply
(Ml)
L, L, L
L. C, U
102. Change
in money
supply ( M 2 )
(Percent)
2
(Percent)
2
L, L, L
C, Lg, C
L, L, L
108. Ratio,
personal income
to money supply
(M2)
33. Net change
in mortgage debt
held by financial
institutions and
life insurance
companies
(Ann. rate,
bil. dol.)
C, C, C
107. Ratio,
gross national
product to
money supply
(Ml)
106. Money
supply (M2)
in 1972
dollars
(Percent)
(Bil. dol.)
(Bil. dol.)
(Ratio)
2
2
()
2
()
2
()
Smoothed
data1
(Percent)
L, L, L
105. Money
supply ( M l )
in 1972
dollars
104. Change in total liquid assets
Monthly
data
Credit Flows
Velocity of Money
Money
2
(Ratio)
Revised2
April
May
June
()
rO 65
rO 86
rO 52
r0.87
rl.00
r0.75
r0.54
rO. 70
r0.81
r209.9
r209.0
r206.2
r818. 6
r815. 6
r808. 9
r6.527
rl
rl
rl
359
353
355
95.30
67.63
79.57
r - 1 32
r - 0 23
r l 21
January
February
March
(
r O 75
rO 82
rO 00
1980
r - 0 28
rO 8 1
r l 23
r0.44
r0.83
r0.50
rO. 80
r0.70
r0.63
r201.6
rl99.3
rl99.7
r799. 3
r798. 2
r800. 1
r6.561
rl
rl
rl
360
357
349
54.13
23.42
14.26
rl
rl
rl
352
347
354
48.16
62.92
71.05
()
()
(
July
August
September
rl
rl
rl
09
78
38
r l 33
r l 25
rO 68
r0.83
0>rl.22
r0.57
r0.66
0.78
r0.86
r201.7
r203.9
r204.7
r810. 1
r814. 6
r812. 0
r6.518
October
November
December
r l 17
0 48
- 0 72
rO 67
rO 9 /
0 01
r0.69
r l . 15
r0.76
r0.85
r0.82
r0.84
0)204.9
203.6
200.2
r808. 8
807. 7
800. 0
6.567
r l 362
1 363
1 375
0)82.61
73.37
65.39
0 82
0 36
1 19
0 57
0 75
0)1.36
1.13
0.87
rO. 81
r0.94
r0.97
0.93
200.3
199.1
200.4
798. 4
796. 8
803. 1
6.783
1 381
1 381
1 376
56.64
61.72
47.65
0)2.10
- 0 9b
- 0 19
1 30
0 53
0 48
r0.72
1.12
0.95
0.87
0.84
rO. 91
203.7
200.2
198.4
810. 1
808. 1
806. 0
6.706
1 366
1 367
1 370
56.10
43.18
48.16
July
August
September
0 23
0 40
0 02
0 74
1 06
0 33
0.95
1.16
r0.68
0.97
0)1.01
0.98
196.6
195.8
193.7
802. 8
804. 9
r798. 8
0)6.886
1 380
1 379
0)1.385
46.60
38.24
27.90
October
November
December
0.39
0 81
1 03
0 63
r l . 14
0 /O
r0.86
rl.07
e0.61
r0.92
r0.88
re0.86
193.7
194.2
195.5
800. 4
805 5
808. 0
r6.866
1 383
1 377
1 367
25.32
24.42
p2.77
1 75
p - 0 . 31
3
0 . 13
r l . 02
p0.34
re0.74
e0.47
re0.83
eO. 71
198.3
pl97.2
r813. 9
[H)p814.7
r l . 357
359
(NA)
1981
January
February
March
April
May
June
1982
January
February
March
Pl
April
May
June
July
August
September
October
November
December
See note on page 60.
Graphs of these series are shown on pages 13, 31, and 3 2 .
' T h i s s e r i e s i s a w e i g h t e d 4 - t e r m moving a v e r a g e ( w i t h w e i g h t s
See "New F e a t u r e s and Changes f o r T h i s I s s u e , " page i i i .
Average f o r weeks ended March 3 and 10.
1,2,2,1)
p l a c e d on t h e t e r m i n a l month o f t h e
span.
2
3
BCII MARCH 1982
71
CYCLICAL INDICATORS
B
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
MAJOR ECONOMIC
PROCESS
MONEY AND CREDIT—Continued
Minor Economic
Process
Credit Flows—Continued
Timing Class
L, L, L
112. Net change
in bank loans
to businesses
Year
and
month
(Ann. rate,
bil. dol.)
L, L, L
L, L, L
113. Net
change in
consumer installment
credit
L, L, L
14. Current
liabilities
of business
failures ©
110. Total
private
borrowing
(Ann. rate,
bil. dol.)
Revised
Credit Difficulties
(Ann. rate,
mil. dol.)
(Mil. dol.)
Bank Reserves
L, L, L
39. Delinquency
rate, 30 days
and over, consumer installment loans
(Percent)
Interest Rates
L. U, U
L, Lg, U
93. Free
reserves ©
94. Member
bank borrowing from the
Federal
Reserve ©
(Mil. dol.)
(Mil. dol.)
L, Lg, Lg
119. Federal
funds rate ©
(Percent)
C, Lg, Lg
114. Treasury
bill rate ©
(Percent)
1
1980
January
February
March
38.88
31.93
8.28
31.62
28.44
7.85
351,964
243.15
190.79
274.24
2.37
2.32
2.53
-999
-1,465
-2,638
1,241
1,655
2,824
13.82
14.13
17.19
12.04
12.81
15.53
6.41
-35.40
11.84
-21.06
-31.76
-24.85
192,976
428.15
381.15
436.68
2.53
2.64
2.74
-2,261
-835
-169
2,455
1,018
380
17.61
10.98
9.47
14.00
9.15
7.00
July
August
September
5.46
20.65
26.00
-6.74
9.44
10.22
284,148
445.69
345.41
1,002.94
2.77
2.94
2.70
-111
-357
-1,055
395
659
1,311
9.03
9.61
10.87
8.13
9.26
10.32
October
November
December
25.90
43.91
22.69
4.82
7.40
16.19
341,912
359.24
0)239.34
288.30
2.53
2.66
2.57
p-1,018
p-1,201
p-1,587
pi,335
0)p2,156
pi,617
12.81
15.85
18.90
11.58
13.89
15.66
6.31
-7.09
-18.96
14.47
22.14
35.65
r301,392
341.36
789.20
485.34
2.42
2.51
2.53
p-916
p-1,076
p-624
pi,405
pi,278
pi,004
19.08
15.93
14.70
14.72
14.90
13.48
April
May
June
35.71
41.36
32.80
32.66
18.85
24.37
0)r374,236
536.88
428.20
408.54
2.40
2.40
2.30
p-1,261
0)p-2,023
p-1,488
pi,343
p2,154
p2,038
15.72
18.52
0)19.10
13.63
0)16.30
14.56
July
August
September
41.10
28.34
22.93
18.61
29.14
0)35.70
(NA)
r286,268
0)2.22
2.35
2.28
p-1,369
p-1,137
p-1,073
pi,751
pi,408
pi,473
19.04
17.82
15.87
14.70
15.61
14.95
October
November
December
13.62
13.32
r23.36
12.02
7.20
-0.40
p260,984
2.37
2.42
2.37
p-1,032
p-380
p-243
pi,149
p695
p642
15.08
13.31
12.37
13.87
11.27
10.93
r46.24
0)p57.74
2
-5.29
5.32
(NA)
(NA)
p-1,425
p-1,230
3
-l,110
pi,526
pi,713
3
1,492
13.22
14.78
14.44
12.41
13.78
"12.49
April
May
June
1981
January
February
March
1982
January
February
March
3
April
May
June
July
August
September
October
November
December
See note on page 60.
Graphs of these series are
'See "New F e a t u r e s
2
A v e r a g e f o r weeks
3
A v e r a g e f o r weeks
" A v e r a g e f o r weeks
shown on pages 3 2 , 3 3 , and 3 4 .
and Changes f o r T h i s I s s u e , " page
ended March 3 and 10.
ended March 3 , 10, and 17.
ended March 4 , 11, 18, and 25.
Digitized for 2
7 FRASER
iii.
MARCH 1982
I M ] | )
CYCLICAL INDICATORS
B
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
MAJOR ECONOMIC
PROCESS
MONEY AND CREDIT-Continued
Minor Economic
Process
Timing Class
Outstanding Debt
Interest Rates-Continued
Lg, Lg, Lg
C, Lg, Lg
U, Lg, Lg
116. Corporate
bond yields ©
115. Treasury
bond yields ©
117. Municipal
bond yields ©
Lg, Lg, Lg
118. Secondary
market yields
on FHA
Year
and
month
mortgages
(Percent)
(Percent)
Lg, Lg, Lg
67. Bank rates
on short-term
business loans
©
Lg, Lg, Lg
109. Average
prime rate
charged by
banks ©
(Percent)
(Percent)
(Mil. dol.)
Revised
(Percent)
Lg, Lg, Lg
72. Commercial
and industrial
loans outstanding, weekly
reporting large
commercial
banks
(Mil. dol.)
66. Consumer
installment
credit
©
(Percent)
1980
Lg, Lg, Lg
Lg, Lg, Lg
95. Ratio,
consumer installment credit
to personal
income
1
(Percent)
Revised1
January
February
March
11 65
13 23
14 0 8
10 03
11 55
11 87
7 35
8 16
9 17
12 6 0
(NA)
14 6 3
15.67
15 25
15 6 3
18 3 1
306 213
308 583
309 237
159,510
162,171
162,861
14.74
14.79
14.72
April
May
June
13 36
11 61
1 1 12
10 83
9 82
9 40
8 63
7 59
7 63
13 45
11 99
11 85
17.75
19 77
1 6 57
12 6 3
307 482
304 835
302 764
163,395
160,445
161,432
14.63
14.42
14.23
July
August
September
11 48
12 3 1
12 7 4
9 83
10 53
10 94
8 13
8 67
8 94
12 3 9
13 54
14 26
11.56
11 48
1 1 12
12 2 3
302 202
302 989
303 841
161,887
163,608
165,775
13.98
13.90
13.78
October
November
December
1 3 17
14 10
14 3 8
11 20
11 83
11 89
9 11
9 56
10 20
14 38
14 4 7
14 0 8
15.71
13 79
16 0 6
2 0 35
304 243
304 860
306 ,209
167,933
171,592
173,483
13.62
13.50
13.45
January
February
March
14 0 1
14 6 0
14 4 9
11 65
12 2 3
12 15
9 68
10 10
1 0 16
14 2 3
14 7 9
15 0 4
19.91
2 0 16
19 43
18 05
307 ,415
309 260
312 , 2 3 1
174,009
173,418
171,838
13.36
13.34
13.34
April
May
June
15 00
15 6 8
14 97
12 62
12 9 6
12 3 9
10 62
10.78
10 67
15 9 1
16 33
16 3 1
19.99
1 7 15
19 6 1
20 03
314 ,953
316 ,524
318 ,555
174,814
178,261
180,994
13.38
13.37
13.36
July
August
September
15 6 7
16 3 4
0)16.97
13 0 5
13 6 1
0)14.14
11 14
12 2 6
12 9 2
16 76
17 9 6
0)18.55
0)21.ii
20 39
0)20.50
20 08
320 ,106
322 ,534
325 ,509
184,419
186,781
188,692
13.23
13.20
13.22
October
November
December
16 9 6
15 5 3
15 5 5
14.13
12 6 8
12 8 8
12 8 3
11 89
12 9 1
17 4 3
15 9 8
16 4 3
17.23
18 4 5
16 84
15 7 5
326 ,511
327 , 1 1 1
327 ,078
189,827
190,937
rl92,884
13.19
13.12
13.13
13 73
13 6 3
1 2 95
0)13.28
12 9 7
3
12 74
17 3 8
17 10
15 7 5
16 56
"16 50
0)327,521
(NA)
rl96,737
0)p2Ol,549
'201,108
pl3.11
(NA)
1981
1982
January
February
March
r l 6 34
16 3 5
2
1 5 74
2
April
May
June
July
August
September
October
November
December
See note on page 60.
Graphs of these series are shown on pages 15, 34, and 3 5 .
4,
2
'See "New F e a t u r e s and Changes f o r T h i s I s s u e , , T page i i i .
A v e r a g e f o r weeks ended March 5 ,
5
11, and 18.
" A v e r a g e f o r March 1 t h r o u g h 25.
A v e r a g e f o r weeks ended March 3 and 10.
MARCH 1982
Digitized BCII
for FRASER
12, and 19.
3
A v e r a g e f o r weeks ended March
7 3
CYCLICAL INDICATORS
DIFFUSION INDEXES AND RATES OF CHANGE
Q
Year
and
month
950. Twelve leading
indicator components
(series 1, 5, 8, 12, 19,
20, 29, 32, 36, 92, 104,
106)
1-month
span
6-month
span
952. Six lagging
indicator components
(series 62, 70, 72, 91,
95, 109)
951. Four roughly
coincident indicator
components (series
41, 47, 51, 57)
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
9-month
span
962. Initial claims for
State unemployment
insurance, week including the 1 2 t h 1
(51 areas)
1-month
span
9-month
span
963. Number of employees on private
nonagricultural payrolls
(172 industries)
1-month
span
6-month
span
1980
January
February
March
41. 7
29. 2
33 3
0 0
16 7
8. 3
100 0
25 0
0 0
25 0
0 0
0 0
41 7
66 7
50 0
50.0
58.3
33.3
65 0
32 5
5 0
15 0
2 5
0 0
23 5
60 8
46 1
2.0
2.0
9.8
52 6
53 2
49 4
40.4
33.4
30.8
April
May
June
12. 5
33 3
50. 0
16 7
45 8
41. 7
0 0
0 0
25 0
0 0
0 0
0 0
66 7
33 3
33 3
41.7
50.0
33.3
70 0
22 5
25 0
15 0
7 5
20 0
3 9
33 3
70 6
19.6
3.9
7.8
34 6
32 8
31 4
24.7
26.2
28.2
July
August
September
83. 3
83. 3
91. 7
75 0
100. 0
91. 7
25 0
75 0
100 0
50 0
100 0
100 0
41 7
33 3
33 3
33.3
33.3
50.0
25 0
92 5
62 5
32 5
72 5
75 0
62 7
84 3
13 7
58.8
r23.5
96.1
36 9
64 8
64 0
35.2
45.1
61.0
October
November
December
62. 5
70. 8
50 0
75 0
66. 7
75 0
100 0
87 5
100 0
100 0
100 0
100 0
50 0
50 0
66 7
50.0
50.0
50.0
62 5
80 0
67 5
85 0
92 5
95 0
76 5
96 1
5 9
96.1
90.2
88.2
61 3
63 4
56 7
73.5
72.7
65.4
January
February
March
16. 7
33. 3
70 8
r75 0
r54 2
r50 0
100 0
100 0
75 0
100. 0
75 0
100 0
33 3
41. 7
r41 7
50.0
66.7
50.0
77 5
17 5
60 0
100 0
97 5
82 5
86 3
39 2
31. 4
76.5
81.4
70.6
59 6
55 8
52 3
68.6
68.6
67.2
April
May
June
75 0
16 7
45 8
r45 8
50. 0
16 7
50 0
75 0
100 0
75 0
75 0
50 0
83 3
83 3
66 7
83.3
66.7
83.3
75 0
72 5
15 0
67 5
25 0
12 5
64 7
76 5
17 6
19.6
19.6
5.9
69 8
62 5
51 5
70.3
67.7
71.8
July
August
September
33 3
54 2
0 0
16 7
25 0
16 7
50.0
37.5
50.0
50 0
25 0
r25 0
83 3
66 7
83 3
83.3
66.7
66.7
40 0
55 0
15 0
12 5
15 0
5 0
68 6
58 8
9 8
17.6
9.8
p25.5
67 2
49 7
59 3
52.9
38.7
r35.8
October
November
December
25 0
33 3
41 7
10.0
11.1
0 0
25 0
0 0
0 0
"0 0
66 7
66 7
r66 7
58.3
75.0
62 5
15 0
r25 0
pO.O
r60 8
49 0
r23. 5
(NA)
30 2
27 9
r29 9
r26.2
p28.2
1981
2
3
5
1982
January
February
March
2
3
35 0
44 4
0 0
"100 0
5
41 7
50 0
5 0
p95. 0
p96.1
(NA)
r29. 4
p46. 2
April
May
June
July
August
September
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 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 series are shown on page 36.
' F i g u r e s a r e t h e p e r c e n t o f components d e c l i n i n g .
2
E x c l u d e s s e r i e s 12, f o r w h i c h d a t a a r e n o t a v a i l a b l e .
3
E x c l u d e s s e r i e s 12 and 36, f o r w h i c h d a t a a r e n o t a v a i l a b l e .
''Excludes s e r i e s 57, f o r which d a t a are not a v a i l a b l e .
5
E x c l u d e s s e r i e s 70 and 9 5 , f o r w h i c h d a t a a r e n o t a v a i l a b l e .
74
MARCH 1982
CYCLICAL INDICATORS
DIFFUSION INDEXES AND RATES OF CHANGE—Continued
0 1
Year
and
month
965. Newly approved
capital appropriations,
deflated (17 manufacturing industries)
964. Value of manufacturers' new orders,
durable goods industries (35 industries) 1
9-month
span
1-month
span
1-quarter
span
4-Q moving
average
DIFFUSION INDEXES-Continued
966. Index of industrial
production (24
industries)
6-month
span
1-month
span
967. Index of spot
market prices, raw
industrials ©
(13 industrial materials)
9-month
span
1-month
span
960. Net profits,
manufacturing3©
(about 700 companies)
968. Index of stock
prices, 500 common
stocks 2 ©
1-month
span
9-month
span
(4-quarter span)
1980
8
8
7
25 0
16 7
12. 5
50 0
73 1
61 5
"58 3
4
50 0
53 8
74.1
52.8
3.8
39 6
47 2
77 4
56
41
70
20
41
16 7
12. 5
16 7
11 5
15 4
0 0
50 0
46 2
46 2
26.4
92.5
89.6
90 6
94 3
86 8
56
kl
16 7
16 7
14 6
37. 5
70 8
87 5
53 8
76 9
57 7
46 2
42 3
38 5
92.5
88.7
76.4
84 9
96 2
94 3
60
37
39 6
70 8
66 7
95. 8
95. 8
95. 8
65
53
46
4
8
2
61 5
65 4
65 4
43.4
55.7
15.1
90 6
88 7
86 8
64
49
79 2
91 7
66 7
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
r51
83 3
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
p47
56 2
62 5
45 8
r36
87 5
52 1
12 5
31. 3
r20. 8
20. 8
61 5
61 5
42 3
61 5
42 3
23 1
19.2
40.4
0.0
46 2
32 7
9 6
p36
20. 8
r8. 3
rl6 7
8. 3
p4. 2
38 5
26 9
46 2
23. 1
23. 1
58.7
65.4
67.3
14. 4
January
February
March
68 6
48 6
37 1
22 9
22 9
42 9
65
April
May
June
17
37
45
45
62
37
7
9
1
18
July
August
September
77 1
42 9
82 9
45 7
62 9
82 9
27
October
November
December
71 4
57 1
58 6
85
88
82
7
6
9
53
January
February
March
45 7
42 9
52 9
85
70
73
3
6
5
50
April
May
June
65 7
50 0
50 0
52 9
44 1
29 4
65
July
August
September
41 2
35 3
44 1
29
26
r26
October
November
December
38 2
52 9
47 1
p26.5
1
1
7
1981
4
5
5
5
1982
January
February
March
r44 1
p38.2
r20 8
p83. 3
42. 3
34 6
5
38 5
10.6
34.6
April
May
June
July
August
September
October
November
December
See note on page 74.
Graphs of these series are shown on page 37.
l
B a s e d on 35 i n d u s t r i e s t h r o u g h A p r i l 1981 and on 34 i n d u s t r i e s t h e r e a f t e r .
2
Based on 54 i n d u s t r i e s f o r J a n u a r y 1980, on 53 i n d u s t r i e s t h r o u g h May 1981, and on 52 i n d u s t r i e s t h e r e a f t e r .
Data f o r component
t r i e s a r e n o t shown i n t a b l e C2 b u t a r e a v a i l a b l e f r o m t h e s o u r c e .
3
T h i s i s a c o p y r i g h t e d s e r i e s used by p e r m i s s i o n ; i t may n o t be r e p r o d u c e d w i t h o u t w r i t t e n p e r m i s s i o n f r o m Dun $ B r a d s t r e e t , I n c .
''Based on 12 components ( e x c l u d i n g r o s i n ) .
5
Based on a v e r a g e f o r March 2 , 9, and 16.
KCII MARCH 1982
indus-
7 5
CYCLICAL INDICATORS
DIFFUSION INDEXES AND RATES OF CHANGE—Continued
1
Year
and
quarter
|
DIFFUSION INDEXES— Continued
970. Business expenditures for new plant and
equipment ( 1 8 industries)
971. New orders, manufacturing 1 ( j
a. Actual
expenditures
Actual
(1-Q span)
b. Later
anticipations
c. Early
anticipations
(1-Q span)
(1-Q span)
972. Net profits, manufacturing
and trade 1 ©
Actual
Anticipated
(4-Q span)
973. Net sales, manufacturing
and trade 1 ©
Actual
(4-Q span)
Anticipated
(4-Q span)
Anticipated
(4-Q span)
(4-Q span)
(4-Q span)
1979
First quarter
Second quarter . . . .
Third quarter
Fourth quarter . . . .
86.4
68.2
68.2
88.6
52.
63.
63.
47.
3
6
6
7
63 .6
50.0
68 .2
77 . 3
85
81
73
78
80
84
80
72
78
74
70
72
78
82
80
70
87
84
82
82
85
88
84
78
77.3
59.1
50.0
54.5
54.
45.
36.
40.
5
5
4
9
81
59
81
77
.8
.1
.8
.3
74
63
60
60
66
75
57
62
62
54
57
56
66
73
59
61
73
62
68
66
72
80
63
67
72.7
63.6
72.7
36.4
72.
40.
54.
59.
7
9
5
1
70
68
77
68
.5
.2
.3
.2
68
70
62
62
74
74
76
76
60
66
60
60
70
69
74
72
70
74
71
68
78
76
80
80
1980
First quarter
Second quarter . . . .
Third quarter
Fourth quarter . . . .
1981
First quarter
Second quarter . . . .
Third quarter
Fourth quarter . . . .
1982
First quarter
Second quarter . . . .
Third quarter
Fourth quarter . . . .
59. 1
60
68
59 . 1
59 . 1
1
rear
and
quarter
J
r61
66
DIFFUSION INDEXES— Continued
974. Number of employees,
manufacturing and trade 1 ©
975. Level of inventories,
manufacturing and trade 1 ©
976. Selling prices, manu
facturing 1 ©
Actual
Actual
Actual
Anticipated
Anticipated
65
70
977. Selling prices, wholesale
trade 1 ©
Anticipated
(4-Q span)
(4-Q span)
(4-Q span)
(4-Q span)
62
60
60
58
60
60
58
56
80
76
73
75
70
74
71
68
92
93
92
94
58
54
53
51
54
56
48
50
67
61
64
60
62
70
53
56
51
53
52
52
56
54
56
55
62
64
62
63
63
61
66
64
(4-Q span)
978. Selling prices, retail
trade 1 ©
Actual
Actual
Anticipated
Anticipated
(4-Q span)
(4-Q span)
86
88
88
86
96
95
95
96
8J
90
92
90
94
95
94
96
90
92
92
90
90
88
90
90
87
90
83
86
92
90
92
90
90
92
87
8£
92
91
94
90
90
93
84
90
88
86
84
82
88
90
89
84
90
88
84
82
90
89
89
84
94
90
86
86
90
90
92
87
(4-Q span)
(4-Q span)
(4-Q span)
1979
First quarter
Second quarter . . . .
Third quarter
Fourth quarter . . . .
1980
First quarter
Second quarter . . . .
Third quarter
Fourth quarter . . . .
1981
First quarter
Second quarter . . . .
Third quarter
Fourth quarter
1982
First quarter
Second quarter . . . .
Third quarter
Fourth quarter . . .
50
51
54
56
80
76
82
78
82
81
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 b y © , that appear to contain no seasonal movement. The " r " indicates revised; " p " , preliminary; and "NA", not available.
Graphs of these series are shown on page 38.
' T h i s i s a c o p y r i g h t e d s e r i e s u s e d by p e r m i s s i o n ; i t may n o t be r e p r o d u c e d w i t h o u t w r i t t e n p e r m i s s i o n f r o m Dun fj B r a d s t r e e t , I n c .
Dun fj
B r a d s t r e e t d i f f u s i o n i n d e x e s a r e b a s e d on s u r v e y s o f a b o u t 1 , 4 0 0 b u s i n e s s e x e c u t i v e s .
Digitized for KCII
FRASER
MARCH 1982 76
CYCLICAL INDICATORS
DIFFUSION INDEXES AND RATES OF CHANGE—Continued
m
SELECTED DIFFUSION INDEX COMPONENTS: Basic Data and Directions of Change
Diffusion index components
1982
1981
August
July
October
September
January1"
December
November
FebruaryP
961 . AVERAGE WORKWEEK OF PRODUCTION WORKERS, MANUFACTURING
(Average weekly hours)
All manufacturing industries
-
40.0
0
-
(55)
(40)
Percent rising of 20 components
40.0
39.3
+
39.5
39.3
-
(62)
(15)
(15)
39.0
37,3
(25)
-
+
(5)
39.1
(95)
Durable goods industries:
_
Lumber and wood products
Furniture and fixtures
-
Stone, clay, and glass products
Primary metal industries
-
Fabricated metal products
Machinery, except electrical
0
+
_
38.6
38.6
-
+
40.8
40.7
-
40.5
41.1
0
+
40.5
41.2
-
38.8
38.5
+
40.9
40.5
-
_
_
-
_
_
_
Electric and electronic equipment
Transportation equipment
+
-
40.5
41.2
+
Instruments and related products
Miscellaneous manufacturing
+
+
40.5
39.2
-
40.8
39.1
Food and kindred products
Tobacco manufacturers
-
39.4
38.6
0
+
39.4
40.7
Textile mill products
Apparel and other textile products
+
40.4
35.9
+
40.3
36.1
-
Paper and allied products
Printing and publishing
0
42.7
37.3
0
0
42.7
37.3
Chemicals and allied products
Petroleum and coal products
+
41.8
43.1
-
Rubber and miscellaneous plastics products
Leather and leather products
-
40.5
36.5
+
+
+
40.4
41.3
-
_
-
37.3
37.5
+
+
40.3
40.6
-
40.0
39.8
39.5
40.3
+
+
40.0
40.7
39.6
39.9
+
+
39.9
40.5
40.5
38.4
+
_
_
37.6
38.1
40.4
39.0
37.5
37.7
_
-
_
0
-
40.3
39.0
_
-
-
39.3
40.3
-
-
39.6
40.6
0
+
0
40.0
39.7
-
-
_
-
_
_
r37.6
r37 .7
34.7
32.9
+
+
38.2
37.6
r39.5
39.2
38.2
38.4
+
+
39.9
39.1
r39.2
40.3
37.9
39.0
+
+
39.3
40.4
r39.2
39.4
38.1
38.8
+
+
39.4
40.3
r39.9
38.4
38.5
36.6
+
+
39.8
38.3
r39.8
38.1
39.0
36.1
+
+
39.5
38.3
r37.8
35.1
31.2
30.9
+
+
37.5
34.8
41.1
36.6
+
+
42.1
37.4
+
40.8
44.3 -
41.3
43.7
+
+
39.4
34.8
78,108 +
79,274
Nondurable goods industries:
+
-
-
-
_
39.2
40.2
+
-
39.5
39.4
38.9
35.2
+
+
39.3
35.7
-
-
43.1
37.1
0
42.4
37.1
-
41.7
42.8
+
+
42.3
43.3
-
41.5
42.1
+
40.6
36.9
-
39.6
36.1
+
+
40.0
36.8
-
-
_
+
_
_
+
39.6
38.8
-
_
+
Machinery, except electrical
Electrical machinery
Transportation equipment
Other durable goods industries
-
+
-
_
12,466
10,804
87,350
-
(35)
(41)
Percent rising of 34 components
Primary metals
Fabricated metal products
89,696
-
16,376
12,055
+
-
+
+
20,909
17,086
-
-
-
86,278
-
+
17,658
11,920
+
20,375
15,894
+
_
-
11,422
10,054
17,498
12,487
18,627
16,190
-
_
-
+
41.8
r37.2
0
+
r41.3
r42.6
39.6
36.7
-
+
41.3
42.3
_
+
_
-
41.9
36.9
_
-
r39.4
36.1
-
79,764
_
_
+
37.7
33.8
12
79,956
-
(47)
(53)
(38)
(44)
11,602
9,901
77,804
-
38.8
35.6
964. VALUE OF MANUFACTURERS' NEW ORDERS, DURABLE GOODS INDUSTRIES
(Millions of dollars)
All durable goods industries
+
10,170
9,282
-
10,032
9,262
15,984
10,370
+
+
17,472
11,873
+
15,780
16,218
-
15,429
15,888
+
+
-
(44)
9,378
9,270
9,153
8,862
(38)
_
+
8,548
9,435
17,605
11,650
-
15,391 +
11,506 -
15,469
11,242
16,071
15,790
+
-
17,867 +
15,329
19,481
15,099
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.
' D a t a a r e s e a s o n a l l y a d j u s t e d by t h e s o u r c e a g e n c y .
2
D a t a f o r most o f t h e d i f f u s i o n i n d e x components a r e n o t a v a i l a b l e f o r p u b l i c a t i o n , b u t t h e y a r e i n c l u d e d i n t h e t o t a l s and d i r e c t i o n s o f
change f o r t h e s i x m a j o r i n d u s t r y g r o u p s shown h e r e .
IN]II
MARCH 1982
77
CYCLICAL INDICATORS
DIFFUSION INDEXES AND RATES OF CHANGE—Continued
1
Q
SELECTED DIFFUSION INDEX COMPONENTS: Basic Data and Directions of Change--Continued
Diffusion index components
1981
July
August
September
1982
October
966. INDEX OF INDUSTRIAL PRODUCTION
(1967 = 100)
+
All industrial production
Percent rising of 24 components
1
153. 9
-
(88)
153.6
-
(52)
151 6
-
(12)
November1"
December1"
Januaryr
February*3
1
149.1
146
3
_
(8)
(21)
143
2
_
139.6
+
141.8
(21)
(17)
(83)
95.5
142.5
(NA)
(NA)
Durable manufactures:
_
Lumber and products
Furniture and fixtures
+
+
122 9
164 9
Clay, glass, and stone products
Primary metals
+
+
148. 7
109.4
Fabricated metal products
Nonelectrical machinery
+
+
140 1
176 7
Electrical machinery
Transportation equipment
+
180 9
119 8
+
-
Instruments
Miscellaneous manufactures
+
+
172 1
159 4
+
-
172.3
158.6
Foods
Tobacco products
+
+
151 6
121 3
+
+
Textile mill products
Apparel products
+
+
139
122
4
6
Paper and products
Printing and publishing
+
+
154
144
Chemicals and products
Petroleum products
+
Rubber and plastics products
Leather and products
-
_
+
_
-
-
119.1
163.3
148.2
113.1
140.0
176.4
182.6
115.4
_
-
_
-
_
-
_
-
_
113
159
2
9
147 3
108 6
136 8
173 9
180 0
114 2
-
169
154
7
2
151.9
123.8
-
150
122
+
0
140.7
122.6
-
136
122
9
4
+
+
156.7
146.1
+
221 5
128 7
+
219.2
130.4
-
-
+
+
285.3
70 1
-
+
+
123 6
170.0
-
_
-
_
-
_
-
_
-
_
109.6
157.2
104
153
143.4
102.3
135 9
96 6
133.8
169.7
130 2
167 9
179.6
110.6
175
106
-
168.6
151.5
7
4
+
+
151.4
124.3
3
5
-
+
7
7
7
1
167 1
1517
_
-
_
-
_
-
_
-
_
-
103 8
149 4
132 0
89 5
126 1
166 7
170 7
103 7
166 4
147 9
_
-
_
-
_
-
_
-
_
-
128.2
87.2
-
119.7
161.2
+
+
122.1
163.5
168.5
96.5
+
+
171.3
101.2
162.1
142.9
+
+
164.6
144.6
(NA)
86.8
Nondurable manufactures:
+
-
-
-
_
286.7
69.6
+
124.1
167.4
-
158.6
145 9
216 3
129.1
_
-
_
-
282 2
69 7
+
121 5
161 9
+
-
+
153 0
119 6
_
+
_
132.5
117.8
126 1
113 8
153.3
145.6
152.6
143.4
208.8
128.3
204.6
128 0
276.0
71.2
264.1
70 8
-
119.8
166.9
115
160
-
148.9
122.0
148 4
116 7
-
_
+
_
+
_
152 4
121 7
_
_
150.2
(NA)
(NA)
(NA)
117.0
(NA)
(NA)
(NA)
122
112
8
5
146
144
8
9
197
128
9
4
246
65
9
6
-
237.3
63.7
109
145
4
5
+
+
118.0
147.9
150.5
115 7
+
151.5
112.5
+
+
_
-
_
146.9
146.0
+
+
148.5
147.1
192.7
123.0
-
(NA)
120.1
(NA)
(NA)
Mining:
Metal mining
Coal
Oil and gas extraction
Stone and earth minerals
_
+
147 7
133 3
+
+
148.2
128.2
_
+
148
123
8
4
_
+
4
8
_
+
+
_
(NA)
154.3
147.1
(NA)
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.
'Data are s e a s o n a l l y a d j u s t e d by t h e source agency.
2
Where a c t u a l d a t a f o r s e p a r a t e i n d u s t r i e s a r e n o t a v a i l a b l e , e s t i m a t e s a r e u s e d t o compute t h e p e r c e n t r i s i n g .
The " r " indicates revised; " p " ,
78
MARCH 1982 I M
J )
CYCLICAL INDICATORS
DIFFUSION INDEXES AND RATES OF CHANGE—Continued
^ ^
SELECTED DIFFUSION INDEX COMPONENTS: Basic Data and Directions of Change-Continued
Diffusion index components
1982
1981
July
August
September
November
October
9 6 7 . I N D E X OF SPOT MARKET PRICES, RAW INDUSTRIALS
Raw industrials price index (1967 = 100) . . . .
+
286.6
+
-
283.0
-
277.2
March1
February
2
270.5
-
(38)
(42)
(62)
(62)
Percent rising of 13 components
289.5
January
December
264.2
-
-
263.4
-
261.0
254.9
-
(46)
(42)
(35)
(38)
0.578
1.274
(27)
05 7 2
1 261
0.565
1.246
0.532
1.173
Dollars
0.635
1 400
+
0 .650
1 33
4
+
0 .269
0 593
+
0 .292
0.644
(U.S. t o n ) . .
(metric t o n ) , .
+
95 7 5 0
105 545
Tin
(pound)..
(kilogram)..
+
Zinc
(pound)..
(kilogram)..
+
Copper scrap
(pound)..
(kilogram)..
Lead scrap
(pound)..
(kilogram)..
Steel scrap
Burlap
(yard)..
(meter)..
Cotton
(pound)..
(kilogram)..
_
_
0.620
1.367
_
0 .271
0.597
+ 102 0 0 0
112 435
_
6 030
13 2 9 4
+
6 528
14 392
+
6 746
14 8 7 2
0 466
1 027
+
0 495
1 091
+
0 499
1 100
0.243
0 266
+
0 246
0 269
0 246
0 269
0 751
1 656
_
_
0 669
1 475
_
98 0 0 0
108 025
(yard)..
(meter)..
+
0 822
0.899
+
0 845
0 924
0
0 845
0 924
Wool tops
(pound)..
(kilogram)..
0
3 600
7 937
0
3 600
7 937
+
3 630
8 003
Hides
(pound)..
(kilogram)..
+
0 472
1 041
+
0 474
1 045
+
0 486
1 071
Rosin
(100 p o u n d s ) . .
(100 kilograms)..
0
46 500
102 514
0
46 500
102 514
Rubber
(pound)..
(kilogram)..
Tallow
(pound)..
(kilogram)..
_
0 554
1 221
+
0 192
0 423
_
_
0 538
1 86
1
0 190
0 419
-
_
_
_
_
+
_
_
0 609
1 343
Print cloth
0.591
1,303
0.609
1 .343
0 .247
0 545
88 500
97 5 5 4
_
_
0.221
0.487
_
0.175
0.386
+
7.120
15.697
+
7.200
15 . 8 7 3
+
7.280
16.049
0 433
0 955
+
0.436
0.961
0
0.233
0.255
0.479
1.056
_
+
88 000
97 0 0 2
0
0 820
0 897
0 .168
0 370
+
0 479
1 056
_
_
81.600
89.948
7,040
15.520
_
0.180
0.397
+
+
0.242
0.265
_
80.000
88.184
6.820
15 .035
0 608
1 340
_
_
0,238
0.260
0.574
1.265
0.780
0.853
_
_
_
_
0.451
0.994
_
0.229
0.250
+
0 233
2
0 55
0.553
1.219
+
0.577
1 272
0.734
0.803
_
_
0 710
0 776
_
_
_
83.750
92.318
_
_
_
_
_
0.160
0.353
77.000
84.877
6.150
13.558
0.411
0.906
0.231
0.253
0.571
1.259
+
0.589
1.299
0.700
0.766
0
0.700
0.766
_
3 600
7 937
0
3.600
7.937
0
3.600
7.937
+
0 525
1 157
+
0.558
1.230
+
0.584
1.287
+
0 590
1 301
0
0.590
1.301
0
0.590
1.301
46 100
101 632
+
47 000
103 616
0
47.000
103.616
0
47.000
103.616
0
47 000
103 616
0
47.000
103.616
+
52.500
115.741
0 450
09 9 2
+
0 464
1 023
0.462
1.019
+
0.484
1.067
0.470
1.036
+
0.473
1.043
0 187
0.412
+
0 190
0 419
0.179
0.395
+
0.180
0.397
0.161
0.355
+
0.170
0.375
_
_
_
_
3 580
7 892
0 483
1 065
0 167
0 368
_
_
3.520
7.760
3.467
7.643
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.
' A v e r a g e f o r March 2, 9 , and 16.
2
Data are not s e a s o n a l l y a d j u s t e d .
These s e r i e s a r e based on c o p y r i g h t e d d a t a used by p e r m i s s i o n ; t h e y may n o t be r e p r o d u c e d w i t h o u t
w r i t t e n p e r m i s s i o n f r o m Commodity Research B u r e a u , I n c .
Components a r e c o n v e r t e d t o m e t r i c u n i t s by t h e Bureau o f Economic A n a l y s i s .
K C I I
MARCH 1982
7 9
OTHER IMPORTANT ECONOMIC MEASURES
NATIONAL INCOME AND PRODUCT
GNP AND PERSONAL INCOME
Year
and
quarter
200. Gross national product in current dollars
a. Total
a. Total
217. Per capita
GNP in 1972
dollars
50. Gross national product in 1972 dollars
b. Difference
(Ann. rate,
bil. dol.)
(Ann. rate,
bil. dol.)
c. Percent
change at
annual rate
b. Difference
(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.)
1979
First quarter . .
Second quarter
Third quarter .
Fourth quarter
1,479.9
1,473.4
1,488.2
1,490.6
14.1
-6.5
14.8
2.4
3.9
-1.7
4.1
6,602
0.6
6,592
1,464.4
1,455.0
1,480.6
1,491.3
12.6
-1.1
11.8
14.9
1,501.9
1,463.3
1,471.9
1,485.6
11.3
-38.6
3.1
-9.9
2.4
3.8
6,624
6,437
6,456
6,499
1.502.8
1,462.0
1.476.9
1,492.7
19.2
4.7
11.4
r4.6
1,516.4
1,510.4
1,515.8
rl,498.4
30.8
-6.0
8.6
-1.6
6,620
5.4
r-17.4
1.4
r-4.5
2,340.6
2,374.6
2,444.1
2,496.3
68.7
34.0
69.5
52.2
12.7
5.9
2.571.7
2.564.8
2,637.3
2,730.6
75.4
-6.9
72.5
93.3
2,853.0
2,885.8
2,965.0
r2,998.3
122.4
32.8
79.2
r33.3
12.2
6,556
6,602
1980
First quarter . .
Second quarter
Third quarter .
Fourth quarter
8.6
13.7
1981
First quarter . .
Second quarter
Third quarter .
Fourth quarter
6,580
6,586
r6,494
1.517.8
1,499.6
1.500.9
rl,494.2
1982
First quarter . .
Second quarter
Third quarter .
Fourth quarter
GNP AND PERSONAL INCOME-Continued
Year
and
quarter
PERSONAL CONSUMPTION EXPENDITURES
230. Total in current
dollars
Disposable personal income
224. Current dollars
(Ann. rate,
bil. dol.)
225. Constant
(1972) dollars
(Ann. rate,
bil. dol.)
231. Total in 1972
dollars
232. Durable goods
in current dollars
(Ann. rate,
bil. dol.)
(Ann. rate,
bil. dol.)
(Ann. rate,
bil. dol.)
233. Durable goods
in 1972 dollars
227. Per capita in
1972 dollars
(Ann. rate,
dollars)
(Ann. rate,
bil. dol.)
1979
First quarter . .
Second quarter
Third quarter .
Fourth quarter
1,580.2
1,005.7
1,006.9
1,015.7
1,017.7
4,487
4,480
4,506
4,501
1,454.1
1.478.0
1.529.1
1,582.3
925.5
922.8
933.4
941.6
212.5
207.4
213.3
1,765.1
1,784.1
1,840.6
1,897.0
1,021.0
1,008.2
1,631.0
943.4
919.3
930.8
946.8
220.9
194.4
145.4
1,018.5
1,025.8
4,503
4,435
4,468
4,488
208.8
223.3
132.6
139.1
1,947.8
1,985.6
2,042.0
r2,088.5
1,033.3
1,036.8
1,043.6
rl,047.9
4,511
4,517
4,535
r4,541
238.3
227.3
236.2
r226.4
146.8
137.4
140.3
rl33.1
1,612.8
1,663.8
1,710.1
216.1
149.6
144.2
146.7
146.0
1980
First quarter . .
Second quarter
Third quarter .
Fourth quarter
1,626.8
1,682.2
1,751.0
126.2
1981
First quarter . .
Second quarter
Third quarter .
Fourth quarter
1,810.1
1,829.1
1,883.9
rl,908.3
960.2
955.1
962.8
r957.5
1982
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 series are shown on pages 40 and 41.
80
MARCH 1982 I M ^ I I
OTHER IMPORTANT ECONOMIC MEASURES
NATIONAL INCOME AND PRODUCT—Continued
0 1
Year
and
quarter
2 3 6 . Nondurable
goods in current
dollars
(Ann. rate,
bil. dol.)
GROSS PRIVATE DOMESTIC INVESTMENT
PERSONAL CONSUMPTION EXPENDITURES—Continued
2 3 8 . Nondurable
goods in 1 9 7 2
dollars
(Ann. rate,
bil. dol.)
2 3 7 . Services in
current dollars
(Ann. rate,
bil. dol.)
2 3 9 . Services in
1 9 7 2 dollars
(Ann. rate,
bil. dol.)
2 4 0 . Total in
current dollars
(Ann. rate,
bil. dol.)
2 4 1 . Total in
1 9 7 2 dollars
(Ann. rate,
bil. dol.)
2 4 2 . Fixed investment, total, in
current dollars
2 4 3 . Fixed investment, total, in
1 9 7 2 dollars
(Ann. rate,
bil. dol.)
(Ann. rate,
bil. dol.)
1979
571.8
586.4
611.5
639.2
351.1
350.6
355.4
361.3
669.9
684.2
704.3
727.0
424.8
428.0
431.3
434.3
408.3
423.2
421.7
410.0
237.7
238.7
232.6
221.5
384.0
390.1
408.3
410.8
222.3
220.4
225.0
222.2
661.1
664.0
674.2
703.5
361.5
356.6
354.9
360.4
749.0
768.4
799.2
824.2
436.5
436.5
443.3
447.3
415.6
390.9
377.1
397.7
218.3
200.5
195.3
200.5
413.1
383.5
393.2
415.1
219.2
199.2
200.2
207.6
726.0
735.3
751.3
r760.3
364.5
367.0
368.8
r368.8
845.8
866.5
896.4
r921.5
448.9
450.7
453.7
r455.6
437.1
458.6
463.0
r443.3
211.6
219.7
221.5
r206.3
432.7
435.3
435.6
r434.0
213.1
208.9
206.5
r202.1
First quarter
Second quarter . . . .
Third quarter
Fourth quarter . . . .
1980
First quarter
Second quarter . . . .
Third quarter
Fourth quarter . . . .
1981
First quarter
Second quarter . . . .
Third quarter
Fourth quarter . . . .
1982
First quarter
Second quarter . . . .
Third quarter
Fourth quarter . . . .
• H
K l
Year
and
quarter
GROSS PRIVATE
DOMESTIC INVEST.—Con.
2 4 5 . Change in
business inventories in current
dollars
(Ann. rate,
bil. dol.)
30. Change in
business inventories in 1 9 7 2
dollars
(Ann. rate,
bil. dol.)
GOVERNMENT PURCHASES OF GOODS AND SERVICES
2 6 0 . Total in
current dollars
(Ann. rate,
bil. dol.)
2 6 1 . Total in
1 9 7 2 dollars
(Ann. rate,
bil. dol.)
2 6 2 . Federal
Government in
current dollars
2 6 3 . Federal
Government in
1 9 7 2 dollars
(Ann. rate,
bil. dol.)
(Ann. rate,
bil. dol.)
2 6 6 . State and
local government
in current dollars
(Ann. rate,
bil. dol.)
2 6 7 . State and
local government
in 1 9 7 2 dollars
(Ann. rate,
bil. dol.)
1979
First quarter
Second quarter . . . .
Third quarter
Fourth quarter . . . .
24.3
33.1
13.3
-0.8
15.4
18.4
7.6
-0.7
458.2
465.1
475.4
496.4
280.6
280.3
281.1
285.3
164.8
163.6
165.1
178.1
102.9
100.8
99.9
103.1
293.4
301.6
310.4
318.3
177.7
179.4
181.2
182.2
2.5
7.4
-16.0
-17.4
-0.9
1.3
-5.0
-7.2
516.8
530.0
533.5
558.6
290.1
291.9
288.2
289.8
190.0
198.7
194.9
212.0
107.6
110.7
106.9
107.4
326.8
331.3
338.6
346.6
182.5
181.2
181.3
182.4
4.5
23.3
27.5
r9.4
-1.4
10.8
14.9
r4.2
576.5
577.4
588.9
r622.0
293.6
289.5
288.3
r295.4
221.6
219.5
226.4
r253.3
111.2
108.7
109.6
rll6.6
354.9
357.9
362.5
r368.7
182.5
180.7
178.8
178.8
1980
First quarter
Second quarter . . . .
Third quarter
Fourth quarter . . . .
1981
First quarter
Second quarter . . . .
Third quarter
Fourth quarter . . .
1982
First quarter
Second quarter . . . .
Third quarter
Fourth quarter . . .
See note on page 80.
Graphs of these series are shown on pages 4 1 , 4 2 , and 4 3 .
MARCH 1982
B O
81
OTHER IMPORTANT ECONOMIC MEASURES
NATIONAL INCOME AND PRODUCT—Continued
Q
Year
and
quarter
Net exports of goods and services
250. Current
dollars
Exports of goods and services
255. Constant
(1972) dollars
(Ann. rate,
bil. dol.)
• •
K k I
FOREIGN TRADE
252. Current
dollars
(Ann. rate,
bil. dol.)
(Ann. rate,
bil. dol.)
220. National income in current
dollars
Imports of goods and services
256. Constant
(1972) dollars
253. Current
dollars
(Ann. rate,
bil. dol.)
NATIONAL INCOME
AND ITS COMPONENTS
280. Compensation of
employees
257. Constant
(1972) dollars
(Ann. rate,
bil. dol.)
(Ann. rate,
bil. dol.)
(Ann. rate,
bil. dol.)
(Ann. rate,
bil. dol.)
1979
First quarter
Second quarter . . . .
Third quarter
Fourth quarter . . . .
19.9
8.2
17.9
7.6
36.0
31.6
41.1
42.2
259.1
266.8
293.1
306.3
141.1
140.5
151.3
154.8
239.2
258.6
275.2
298.7
105. 1
108. 8
• 110. 2
112. 6
1,903.6
1,932.0
1.986.2
2.031.3
1,409.9
1.439.0
1,476.7
1.518.1
8.2
17.1
44.5
23.3
50.1
51.7
57.6
48.5
337.3
333.3
342.4
346.1
165.9
160.5
160.5
157.4
329.1
316.2
297.9
322.7
115.
108.
102.
108.
8
9
8
9
2,088.5
2,070.0
2,122.4
2,204.8
1,558.0
1,569.0
1,597.4
1,661.8
29.2
20.8
29.3
r24.7
50.9
46.2
43.2
r39.2
367.4
368.2
368.0
r365.6
162.5
161.5
160.1
rl57.4
338.2
347.5
338.7
r341.0
111. 6
115. 4
116. 9
rll8. 2
2,291.1
2,320.9
2,377.6
p2,401.0
1,722.4
1,752.0
1,790.7
rl,821.3
1980
First quarter
Second quarter . . . .
Third quarter
Fourth quarter . . . .
1981
First quarter
Second quarter . . . .
Third quarter
Fourth quarter . . . .
1982
First quarter
Second quarter . . . .
Third quarter
Fourth quarter . . . .
D
Year
and
quarter
282. Proprietors'
income with inventory valuation and
capital consumption adjustments
(Ann. rate,
bil. dol.)
|
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.)
Q
288. Net interest
(Ann rate,
bil. dol.)
290. Gross saving
(private and government)
(Ann. rate,
bil. dol.)
SAVING
295. Business
saving
292. Personal
saving
(Ann. rate,
bil. dol.)
(Ann. rate,
bil. dol.)
1979
First quarter
Second quarter . . . .
Third quarter
Fourth quarter . . . .
127.8
129.4
132.9
136.3
30
30
30
31
7
1
3
0
201.9
196.6
199.5
189.4
133.4
136.9
146.8
156.5
407.4
416.2
422.3
402.0
304.4
310.3
320.5
315.7
83.8
90.9
89.3
80.7
133.7
124.9
129.7
134.0
31
31
32
32
2
5
0
4
200.2
169.3
177.9
183.3
165.4
175.3
185.3
193.3
404.5
394.5
402.0
406.7
326.7
325.8
334.6
339.3
86.4
110.0
111.4
97.6
132.1
134.1
137.1
rl35.9
32
33
33
34
7
3
9
5
203.0
190.3
195.7
pl79.5
200.8
211.0
220.2
r229.7
442.6
465.3
469.4
p446.5
362.2
368.7
379.3
p381.0
88.9
106.6
106.9
rl28.0
1980
First quarter
Second quarter . . . .
Third quarter
Fourth quarter . . . .
1981
First quarter
Second quarter . . . .
Third quarter
Fourth quarter . . .
1982
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
MARCH 1982
IM^II
OTHER IMPORTANT ECONOMIC MEASURES
NATIONAL INCOME AND PRODUCT—Continued
Q
Year
and
quarter
Q j
SAVING—Continued
293. Personal
saving rate
(percent of disposable personal
income)
298. Government
surplus or deficit,
total
(Ann. rate,
bil. dol.)
SHARES OF GNP AND NATIONAL INCOME
Percent of gross national product
248. Nonresidential
fixed investment
235. Personal consumption expenditures, total
(Percent)
251. Net exports of
goods and services
(Percent)
(Percent)
(Percent)
(Percent)
247. Change in
business inventories
249. Residential
fixed investment
(Percent)
1979
18
13
11
4
1
9
3
4
5
5
5
4
3
6
4
7
62.1
62.2
62.6
63.4
11
11
11
11
4
5
8
6
5
4
4
4
0
9
9
8
1
1
0
0
0
4
5
0
0.9
0.3
0.7
0.3
-9
-42
-45
-30
6
5
6
8
4
6
6
5
9
2
1
1
63.4
63.4
63.8
64.1
11
11
11
11
6
3
1
1
4
3
3
4
5
6
8
1
0
0
-0
-0
1
3
6
6
0.3
0.7
1.7
0.9
-9
-11
-17
p-63
First quarter
Second quarter . . . .
Third quarter
Fourth quarter . . . .
7
2
9
5
4
5
5
6
6
4
2
1
63.4
63.4
63.5
r63.6
11
11
11
11
1
2
3
3
4
3
3
3
1
8
4
1
0
0
0
rO
2
8
9
3
1.0
0.7
1.0
r0.8
1980
First quarter
Second quarter . . . .
Third quarter
Fourth quarter . . . .
1981
First quarter
Second quarter . . . .
Third quarter
Fourth quarter . . . .
1982
First quarter
Second quarter . . . .
Third quarter
Fourth quarter . . . .
SHARES OF GNP AND NATIONAL INCOME—Continued
Year
and
quarter
Percent of GNP—Continued
Percent of national income
265. Federal Government purchases of
goods and services
268. State and local
government purchases
of goods and services
64. Compensation of
employees
(Percent)
(Percent)
(Percent)
283. Proprietors'
income with IVA
and CCAdj 1
285. Rental income
of persons with
CCAdj 1
(Percent)
(Percent)
287. Corporate
profits with IVA
and CCAdj 1
289. Net interest
(Percent)
(Percent)
1979
First quarter
Second quarter . . . .
Third quarter
Fourth quarter . . .
7
6
6
7
0
9
8
1
12
12
12
12
5
7
7
8
74.1
74.5
74.3
74.7
6
6
6
6
7
7
7
7
1
1
1
1
6
6
5
5
10
10
10
9
6
2
0
3
7.0
7.1
7.4
7.7
7
7
7
7
4
7
4
8
12
12
12
12
7
9
8
7
74.6
75.8
75.3
75.4
6
6
6
6
4
0
1
1
1
1
1
1
5
5
5
5
9
8
8
8
6
2
4
3
7.9
8.5
8.7
8.8
7
7
7
r8
8
6
6
4
12
12
12
12
4
4
2
3
75.2
75.5
75.3
p75.9
8.9
8.2
8.2
p7.5
8.8
9.1
9.3
p9.6
1980
First quarter
Second quarter . . . .
Third quarter
Fourth quarter . . . .
1981
First quarter
Second quarter . . . .
Third quarter
Fourth quarter .
5.8
5.8
5.8
p5.7
1.4
1.4
1.4
pi.4
1982
First quarter
Second quarter . . . .
Third quarter
Fourth quarter . . .
See note on page 80.
Graphs of these series are shown on pages 4 6 and 4 7 .
' I V A , i n v e n t o r y v a l u a t i o n a d j u s t m e n t ; CCAdj, c a p i t a l
Digitized forBO
FRASER
MARCH 1982
consumption
adjustment.
8 3
OTHER IMPORTANT ECONOMIC MEASURES
B
PRICES, WAGES, AND PRODUCTIVITY
Q
Implicit price deflator,
gross national product
Year
and
month
310. Index
(1972 = 100)
310c. Change
over 1-quarter
spans 1
(Ann. rate,
percent)
PRICE MOVEMENTS
Fixed-weighted price index,
gross business product
311. Index
(1972 = 100)
311c. Change
over 1-quarter
spans 1
(Ann. rate,
percent)
Consumer prices, all items
320. Index
©
(1967 = 100)
Consumer prices, food
320c. Change
over 1-month
spans 1
320c. Change
over 6-month
spans 1
(Percent)
(Ann. rate,
percent)
322. Index
(1967 = 100)
322c. Change
over 1 -month
spans 1
322c. Change
over 6-month
spans 1
(Percent)
(Ann. rate,
percent)
1980
171.2
April
May
June
175.3
July
August
September
179.2
October
November
December
183.8
2
4
8
1. 4
1 2
1 4
15 5
15 0
14 5
244. 5
244. 9
246. 9
0. 4
0 2
0 8
7.7
7.9
6.8
9.8
242 5
244 9
247 6
0 9
0 9
1 0
11 6
10 4
9 6
248. 6
250.4
251 7
0 7
0 7
0 5
7.7
10.8
12.2
9.6
247 8
249.4
251 7
0 1
0 7
1 0
10
10
10
0
3
3
253 7
257 8
261 5
0 8
1 6
1 4
12.5
13.4
13.5
9.3
253 9
256 2
258 4
1 1
1 1
1 0
11 8
12 4
11 4
263 7
266 6
268 2
0 8
1 1
0 6
12.7
10.5
8.0
260
263
265
5
2
1
0 8
1 0
0 6
10 0
9 3
8 8
269 3
271 0
271 7
0 4
0 6
0 3
6.6
4.6
3.8
8.2
266 8
269 0
271 3
0 4
0 8
0 7
9 6
9 3
10 4
272 3
272 6
273 2
0 2
0 1
0 2
4.3
4.1
4.9
9.9
274 4
276 5
279 3
1 1
0 8
1 1
10 5
9 8
9 1
275 0
276 5
278 3
0 7
0 5
0 7
5.0
5.0
4.7
r7.5
9.3
January
February
March
279 9
280 7
281 5
0 4
0 5
0 4
7 2
6 O
279 0
279 3
279 5
0
0
0
3
1
1
4.8
4.9
282
283
0 3
0.2
281 5
283 2
0
0
7
6
10.1
178.2
9.8
182.4
9.2
186! 7
10.7
190.9
233
236
239
1981
January
February
March
188.1
April
May
June
191.i
July
August
September
195.6
October
November
December
r200.1
9.8
10.5
195.7
6.4
199.5
9.9
204! 3
r9.5
208 !o
1982
January
February
March
5
4
April
May
June
July
August
September
October
November
December
See note on page 80.
Graphs of these series are shown on pages 4 8 and 4 9 .
'Changes a r e c e n t e r e d w i t h i n t h e s p a n s : 1 - m o n t h changes a r e p l a c e d on t h e 2d month, 6 - m o n t h changes a r e p l a c e d on t h e 4 t h m o n t h ,
1 - q u a r t e r changes a r e p l a c e d on t h e 1 s t month o f t h e 2d q u a r t e r .
84
MARCH 1982
and
OTHER IMPORTANT ECONOMIC MEASURES
B
PRICES, WAGES, AND PRODUCTIVITY—Continued
1
330. Index
©
330c. Change
over 1-month
spans 1 ©
(1967 = 100)
330c. Change
over 6-month
spans 1 ©
(Ann. rate,
percent)
(Percent)
PRICE MOVEMENTS--Continued
Producer prices, crude materials
Producer prices, industrial commodities
Producer prices, all commodities
Year
and
month
|
335. Index
©
335c. Change
over 1-month
spans 1 ©
(Percent)
(1967 = 100)
335c. Change
over 6-month
spans 1 ©
331. Index
(Ann. rate,
percent)
(1967 = 100)
331c. Change
over 1-month
spans 1
(Percent)
331c. Change
over 6-month
spans 1
(Ann. rate,
percent)
1980
January
February
March
254 9
260 2
261 9
2.1
2.1
0.7
14 5
14 2
13 1
260 6
265 9
268 6
3.0
2.0
1.0
18 7
17 7
16 8
289.0
295.1
289.0
0.0
2.1
-2.1
0.5
0.9
0.1
April
May
June
262 8
264 2
265 6
0.3
0.5
0.5
12 5
10 7
9 9
271 3
271 9
273 5
1.0
0.2
0.6
12 3
9 5
7 7
283.2
287.5
289.2
-2.0
1.5
0.6
10.6
16.3
22.8
July
August
September
270 4
273 8
274 6
1.8
1.3
0.3
11 7
11 6
11 8
276 2
278 2
278 8
1.0
0.7
0.2
0
6
8
304.0
318.2
320.3
5.1
4.7
0.7
32.1
31.0
26.8
October
November
December
277 8
279 1
280 8
1.2
0.5
0.6
10 9
10 3
11 8
282 0
283 4
286 6
1.1
0.5
1.1
11 4
13 0
15 5
325.5
329.0
325.7
1.6
1.1
-1.0
17.2
8.9
5.1
January
February
March
284 8
287 6
290 3
1.4
1.0
0.9
11 5
11 0
10 2
291 5
295 7
299 6
1.7
1.4
1.3
15 8
15 6
13 3
329.1
332.1
328.4
1.0
0.9
-1.1
4.8
2.9
7.0
April
May
June
293 4
294 1
294 8
1.1
0.2
0.2
8 2
6 2
3. 8
303
304
305
5
7
1
1.3
0.4
0.1
10 3
7 9
5. 3
333.2
333.7
336.9
1.5
0.2
1.0
5.2
1.4
0.0
July
August
September
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
r3. 7
2 9
3 3
337.6
334.4
328.4
0.2
-0.9
-1.8
r-6.2
-9.1
-13.2
October
November
December
r296 1
295 5
295 9
0.1
-0.2
0.1
1 4
1 4
r309 0
309 1
310 1
0.5
rO.O
0.3
3. 6
2 8
r322.7
318.2
313.8
r-1.7
r-1.4
-1.4
-10.6
-10.0
298. 2
298. 5
0.8
0.1
311 7
311 4
0.5
-0.1
319.2
317.3
2.1
-0.6
8
8
9
1981
1982
January
February
March
April
May
June
July
August
September
October
November
December
See note on page 80.
Graphs of these series are shown on page 48.
'Changes a r e c e n t e r e d w i t h i n t h e s p a n s :
I N J I
MARCH 1982
1 - m o n t h changes a r e p l a c e d on t h e 2d month and 6 - m o n t h changes a r e p l a c e d on t h e 4 t h m o n t h .
8 5
OTHER IMPORTANT ECONOMIC MEASURES
PRICES, WAGES, AND PRODUCTIVITY-Continued
oi«en llVlpOni^i^i ^Ol^oivllc: !Vl^5un53
Ml»,!!!
!>«,« «nve«^i5-co"!,n>!e!!
•
pmöuce? <mc«, ,M«lme<!,2!e mz!e^z!l
PRICE MOVEMENTS-Continued
33?, ,ül!«
Producer prices. Intermediate materials
09«?-IM,
Producer pnces. capital equipment
Producer pnces. finished consumer goods
332c. <Ã!»nze
Year
and
month
<!>elcen!>
332c c!>2Nl°
332. Index
332c. Change
over I-month
spans I
332c. Change
over 6-month
spans I
333 Index
333c. Change
over I-month
spans I
333c. Change
over 6-month
spans I
334. Index
334c. Change
over I-month
spans I
334c. Change
over 6-month
spans I
I>«l«n!>
?l»öuc«l »5,cez, «c>>>»! equ,pmeü!
333 >n<!«
<I9«?^IW
(1967= 100)
(Percent)
(Ann. rate.
percenl)
(1967 = 100)
(Percent)
(Ann. rate.
percent)
(1967 = 100)
(Percent)
(Ann rate.
percentJ
333c <!!>»»««
l^elcen»
1918
333c llonze
zp»»!^
»«rcen»
ssoölices p^c«, !m,5ne<l coolume^ zl,«<!l
334 >n<!e»
<I9�°II>!»
33<c ct,«üze
»»«l I mon!!>
!st»nz ^
lselce"!)
33<c û!»N8«
»vn t m»ntk>
p»cenl>
January .. . - , ...
February .
·.
March. . . . . . . .
267.1
272.0
273.9
2.5
I.B
0.7
15.0
14.3
14.2
22B.2
230.0
232.1
1.4
O.B
0.9
13.1
12.2
11.9
235.9
239.4
242.1
1.7
1.5
1.1
15.6
12.9
13.1
Apnl.
..
May.
·.
June. . . . . . . . . .
274.2
276.0
27B.5
0.1
0.7
0.9
10.B
9.0
B.5
235.6
236.3
23B.l
1.5
0.3
O.B
11.4
11.9
10.5
243.5
244.4
246.6
0.6
0.4
0.9
13.2
12.9
10.8
July
.. · .
Augusl
Seplember ......
281.1
2B4.0
285.3
0.9
1.0
0.5
10.2
10.7
11.0
240.9
243.3
244.0
1.2
1.0
0.3
11.0
11.6
11.0
251.0
254.4
254.8
1.8
1.4
0.2
11.3
12.0
10.8
October. __ .
·.
November
....
December
287.9
290.4
293.4
0.9
0.9
1.0
11.7
10.4
11.7
248.2
249.6
250.9
1.7
0.6
0.5
11.0
10.7
11.7
256.9
25B.7
259.6
0.8
0.7
0.3
9.5
8.2
10.5
-
297.1
29B.4
301.5
1.3
0.4
1.0
11.6
10.B
9.4
253.B
256.0
257.9
1.2
0.9
0.7
9.9
10.2
10.8
262.7
264.6
267.8
1.2
0.7
1.2
10.8
9.4
9.8
. ....
304.1
305.7
306.9
0.9
0.5
0.4
7.5
7.7
5.6
260.2
262.0
264.1
0.9
0.7
O.B
9.5
9.1
7.B
270.4
270.6
272.0
1.0
0.1
0.5
7.9
6.7
4.6
308.1
309.7
309.8
0.4
0.5
0.0
3.7
3.2
2.9
265.6
267.4
267.B
0.6
0.7
0.1
r8.1
8.2
7.7
272.9
273.3
273.9
0.3
0.1
0.2
r3.6
4.1
3.4
309.7
310.6
311.3
0.0
0.3
0.2
2.8
1.1
r270.5
272.5
274.1
1.0
rO.7
0.6
7.4
5.1
r275.2
276.1
276.6
rO.5
rO.3
0.2
3.7
3.2
312.4
311.4
0.4
-0.3
275.2
274.1
0.4
-0.4
277 .9
277 .7
0.5
-0.1
19««
1911
1»nu»^
«3lcd
h>s,!
«2,
1>me
Iu>»
^Kl»ll
0cw!>«l
^«vembls
llecembel ,
January
February
March.
.
April
May.
June.
July
August
September.
...
19«!
1z>w»^
fe!>m2s>
October.
November
December
««sc>i
1912
hm!
«,,
luxe
w>
^uzuz!
!«>>!em!>el ,
Ncwb«
19«?
seb^«l> , , ,
^2^c!> , ,
January
February .
March
Apnl
May
June
July
August
September
^ll^,! , , , ,
««>
<«!!«
October
November
December
1u!>
^zuz>
Uc!<>!>«<
Necemb«
See note on page 80
Graphs 01 these series are shown on page 41.
'Changes are centered within the spans: I-month changes are placed on the 2d month and 6-month changes are placed on the 4th month.
267.1
272.0
273.9
274.2
276.0
278.5
281.1
16
284.0
285.3
287.3
MARCH 1982
.t:1
OTHER IMPORTANT ECONOMIC MEASURES
PRICES, WAGES, AND PRODUCTIVITY-Continued
•
WAGES AND PRODUCTIVITY
Average hourly compensation. all employees.
nonfarm bUSiness sector
Average hourly earnings. produclton workers. private nonfarm economy. adjusted'
Year
and
month
340. Inde,
(1977= 100)
340c. Change
over I·month
spans'
(Percent)
Current-dollar compensation
Real earnings
Current-dollar earnings
340c. Change
over 6-month
spans'
(Ann. rate.
percent)
341. Inde,
(1977= 100)
Revised'
1910
341c. Change
over I-month
spans'
(Percent)
Revised'
341c. Change
over 6-month
spans'
(Ann. rate.
percent)
(1977=100)
345c. Change
over I-quarter
spans'
(Ann. rate.
percent)
...
10.0
...
...
...
345. Index
345c. Change
over 4-quarter
spans'
(Ann_ rate.
percent)
Revised'
January
February
March
121. 7
122.8
124.1
0.3
0.9
1.1
9.6
9.4
9.S
94.4
94.0
93.8
-1.2
-0.4
-0.2
-S.O
-4.7
-4.3
125.7
April
May
June
124.7
12S.8
127.0
0.5
0.9
1.0
10.0
9.9
8.7
93.3
93.4
93.4
-0.5
0.1
0.0
-1. 3
-0.3
-0.9
129.1
...
...
...
July
August
September.
127.6
128.7
129.4
O.S
0.9
0.5
9.8
10.4
9.1
93.8
93.9
93.4
0.4
0.1
-0.5
-0.2
-0.3
-1.5
...
9.1
132.0
...
...
...
October
November
December
130.6
132.1
132.6
0.9
1.1
0.4
9.9
9.9
10.2
93.2
93.3
92.7
-0.2
0.1
-0.6
-2.0
-2.4
-1.1
...
9.7
135.1
...
January
February
March
133.8
135.0
135.8
0.9
0.9
0.6
9.5
8.6
8.9
92.8
92.8
92.8
0.1
0.0
0.0
-0.3
-0.5
0.6
...
rl1.6
r138.9
April
May
June.
136.7
137.7
138.4
0.7
0.7
0.5
7.9
8.7
8.5
93.1
93.0
92.9
0.3
-0.1
-0.1
-1. 5
-0.3
-1. 5
142.0
...
...
. ..
July
August
September
139.0
140.7
141. S
0.4
1.2
0.6
7.7
8.2
r7.6
92.2
92.6
92.1
-0.8
0.4
-0.5
-2.4
-1.2
-1.4
...
...
October
November
December
141. 9
143.2
r143.5
0.3
0.9
rO.2
r8.9
p6.4
92.0
92.5
92.3
-0.1
0.5
-0.2
1.9
pO.S
...
...
r147.6
r145.0
p145.1
1.0
pO. 1
93.0
p92.8
...
9.7
14S.4
0.8
p-0.2
...
...
11. S
...
9.9
...
...
10.1
...
...
rl0.S
...
...
...
rl0.0
1911
...
...
...
...
9.5
...
10.1
...
.. ,
9.3
...
r6.4
1912
January
February
March
April
May
June
July
August
September
October
November
December
See note on page 80.
Graphs 01 these series are shown on paps 49 and 50.
'Adjusted for overtime (in manufacturing only) and interindustry l'mployment shifts.
'Changes arc centered within the spans: I-month changes are placed on the 2d month, 6-month changes arc placed on the 4th month, I-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.
)Sec "~C'w Features and Changes for This Issuc,lI page iii.
It:..
MARCH 1982
87
OTHER IMPORTANT ECONOMIC MEASURES
PRICES, WAGES, AND PRODUCTIVITY-Continued
•
Average hourly compensation, all employees,
nonfarm business sector-Continued
Year
and
month
Negotiated wage and benefit
decisions, all industries @
348. First year
average changes
Real compensation
346.
Inde~
346c. Change
over I·quarter
spans I
(1977=100)
WAGES AND PRODUCTIVITY-Continued
346c. Change
over 4·quarter
spans I
(Ann. rate,
percent)
(Ann. rate,
percent)
(Ann. rate,
percent)
349. Average
changes over
life of
contract
(Ann. rate,
percent)
Output per hour, ail persons, private
business sector
370.
Inde~
(1977= 100)
370c. Change
over I·quarter
spans I
370c. Change
over 4·quarter
spans I
(Ann. rate,
percent)
(Ann. rate,
percent)
358. Inde~ of
output per hour,
all persons,
nonfarm
business sector
(1977=100)
1980
January .
February
March.
April.
May
June
July
August
September .
October.
November
December
...
. ..
...
95.8
...
...
96.1
. ..
-5.6
...
. ..
r-0.7
...
...
...
-2.8
...
96.2
. ..
-1. 5
...
...
1.2
...
95.4
...
...
.,.
8.8
6.7
...
1.6
...
...
., .
...
99.5
. ..
.
10.2
7.4
...
-1.8
-2.6
.,
...
...
...
., .
. ,.
. ..
. ..
11.4
7.2
.,.
8.5
-2.2
...
0.2
...
...
.,.
...
10.5
...
., .
...
6.1
...
.. .
. ..
99.1
. ..
. ..
. ..
. ..
. ..
1.3
99.4
...
. ..
. ..
. ..
-1.1
99.1
. ..
. ..
4.7
. ..
. ..
...
...
0.0
'"
98.9
. ..
...
. ..
0.0
98.2
...
...
0.8
...
'"
2.1
...
. ..
. ..
99.0
. ..
'"
99.0
. ..
1981
...
January
February
March.
rO.2
.,.
...
...
...
2.3
95.5
April
May
June.
96.0
July
August
September
95.6
...
...
...
...
r-I.3
...
...
...
October.
November
December
...
-1. 9
r9S.2
-0.6
'"
-0.2
...
...
11.6
...
. ..
12.3
...
...
p11.1
9.4
...
. ..
10.8
...
...
9.3
., .
."
pS.6
100.3
. ..
...
...
101.2
. ..
3.5
...
...
. ..
1.5
100.0
-1.1
100.9
...
...
...
...
. ..
'"
. ..
rO.O
. ..
...
'"
...
100.4
. ..
. ..
99.9
. ..
...
r-6.5
r99.2
r98.2
1982
January
February
March
April
May
June
July
August
September
October
November
December
See note on page 80.
Graphs of these series are shown on paces 49 and 50.
'Changes are centered within the spans: I-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.
88
MARCH 1982
1~4:1.
OTHER IMPORTANT ECONOMIC MEASURES
LABOR FORCE, EMPLOYMENT, AND UNEMPLOYMENT
•
CIvilian labor force
Year
and
month
441. Total
(Thous.)
442. Em
ployed
(Thous.)
CIVILIAN LABOR FORCE AND MAJOR COMPONENTS
Number unemployed
Labor force participation rates
451. Males
20 years
and over
(Percent)
452. Females
20 years
and over
453. Both
sexes. 16·19
years of age
(Percent)
(Percent)
37. Total
(Thous.)
444. Males
20 years
and over
445. Females
20 years
and over
446. Both
sexes. 16·19
years of age
(Thous)
(Thous.)
(Thous.)
447. Full·
time
workers
(Thous.)
448. Num·
ber em·
ployed
parHlme
for eco·
nomic
reasons
(Thous.)
1980
106,493
106,548
106,321
99,833
99,913
99,607
79.6
79.7
79.4
51.3
51.2
51.1
57.6
57.1
57.0
6,660
6,635
6,714
2,722
2,682
2,826
2,370
2,383
2,351
1,568
1,570
1,537
5,276
5,241
5,397
3,567
3,539
3,531
106,482
107,022
106,809
99,112
98,963
98,785
79.4
79.7
79.3
51. 3
51.3
51.3
55.9
57.3
56.8
7,370
8,059
8,024
3,276
3,630
3,644
2,578
2,640
2,653
1,516
1,789
1,727
5,987
6,568
6,666
3,943
4,397
4,172
July
August
September .
107,221
107,159
107,232
98,891
98,920
99,208
79.4
79.4
79.3
51.4
51.5
51.3
57.4
55.7
56.5
8,330
8,239
8,024
3,772
3,731
3,756
2,739
2,751
2,588
1,819
1,757
1,680
6,908
6,833
6,732
4,243
4,315
4,312
October.
November
December
107,437
107,600
107,531
99,328
99,534
99,632
79.3
79.3
79.2
51.4
51. 5
51.4
56.6
56.2
56.1
8,109
8,066
7,899
3,607
3,595
3,476
2,784
2,767
2,783
1,718
1,704
1,640
6,709
6,747
6,617
4,236
4,222
4,191
January
February .
March
107,923
108,034
108,364
99,901
100,069
100,406
79.1
79.0
79.2
51. 7
51.8
52.0
56.6
56.5
56.2
8,022
7,965
7,958
3,461
3,433
3,410
2,804
2,763
2,787
1,757
1,769
1,761
6,611
6,537
6,553
4,451
4,227
4,290
April
May.
June.
108,777
109,293
108,434
100,878
101,045
100,430
79.2
79.6
78.9
52.1
52.4
52.3
57.0
56.6
53.9
7,899
8,248
8,004
3,337
3,595
3,497
2,796
2,871
2,824
1,766
1,782
1,683
6,442
6,631
6,577
4,200
4,264
4,033
July
August
September .
108,688
108,818
108,494
100,864
100,840
100,258
78.9
78.9
78.8
52.3
52.2
51.8
54.5
55.1
55.1
7,824
7,978
8,236
3,298
3,459
3,569
2,872
2,825
2,918
1,654
1,694
1,749
6,365
6,400
6,757
4,374
4,350
4,656
October
November
December
109,012
109,272
109,184
100,343
100,172
99,613
78.8
78.8
79.0
52.3
52.4
52.2
54.8
55.0
54.0
8,669
9,100
9,571
3,851
4,105
4,543
3,017
3,109
3,175
1,801
1,886
1,853
7,204
7,545
8,127
5,009
5,026
5,288
108,879
109,165
99,581
99,590
78.5
78.5
52.1
52.2
54.2
54.6
9,298
9,575
4,322
4,351
3,104
3,286
1,872
1,938
7,805
7,897
5,071
5,563
January .
February
March
April.
May ..
June.
. ...
1981
1982
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 51.
.1.:..
MARCH 1982
89
OTHER IMPORTANT ECONOMIC MEASURES
GOVERNMENT ACTIVITIES
oi«rn »Vlponi^^i eco»l0lVllc !Vl^3unc5
v
Lovrnni«!5ni /^ciivliirs
•
^2l
•
RECEIPTS AND EXPENDITURES
DEFENSE INDICATORS
M0ü!t!
ncm??8 ^«o lX!>^0!IU«c8
Federal Government
Advance measures of defense activity
State and local governments I
I
feclel«! L»»«llüi>«n! >
Year
and
month
zun 8»^!!«
«l <!e!,c>!
5l» »ece,i>!l
500 Surplus
501 Receipts
502. Expendl'
lures
or deficit
510 Surplus
or deficil
511 Receipts
(Ann rate.
blL do/)
(Ann rate.
bll do/)
512 Expendl·
tures
517 Defense
Department
gross obllga·
tlDns Incurred
b,>, <<o! >
Department
military prime
contract
awards
543 Defense
Department
gross unpaid
obligations
outstanding
548 Value of
manulacturers
new orders.
defense
products
(Mil doL)
(Mil dol)
(Mil dol)
525 Defense
5!«!« «<«! >«c»> zovelnmeMz ^
(Ann. rate.
blL dol.)
51! Nece^ll
(Ann. rale.
bll. dol)
(Ann rate.
blL doL)
...
...
5!N 8l,^>ü!
528.4
...
...
. ..
520.9
...
. ..
540.8
...
...
. ..
. ..
587.3
. ..
. ..
615.0
. ..
. ..
641.1
. ..
(Ann. rate.
bll. doL)
(MIL doL)
!>i>, <lo!>
1910
ll^c^zc!«ll!«lll«8
^vznce me35lü« n! liefenze »c!>»>!>
51? Veten«
NepH'weü!
January
February
March
-36.3
Ap,,1
May
June
-66.5
July
August
September
-74.2
!,onz,ncülse<<
(«i!,<!°>,>
llepzilmeM
...
...
<«,! <!°! >
543 llelenze
»«»»ttme»!
<>!>>,l«!,»>!3
<«,! <«°, >
54« V,,ue »!
October.
November
December
«letenz«
I««»
lüü«
January
February
March
8esi!embe^
8«»!em>>«s
Necembel
...
...
617.4
. ..
July
August
September
-55.7
October
November
December
...
p-99.5
p627.7
0c!»!>el
«ovembes
...
573.2
...
621.0
...
. ..
638.3
. ..
...
Ap,,1
May
June.
NeceMes
18»!
...
...
...
-47.2
...
...
-46.6
<»>>
z«<!>!5!
...
...
-67.9
...
...
26.6
. ..
. ..
23.9
. ..
...
28.6
. ..
. ..
37.1
. ..
. ..
372.1
...
...
373.9
. ..
. ..
386.8
. ..
...
403.4
. ..
. ..
. ..
. ..
350.0
. ..
. ..
358.2
. ..
. ..
366.3
...
12,578
12.399
13 .806
5,491
6.839
5.887
71,178
71.665
73.179
3,773
4.224
5.152
13.722
13.718
12.809
6.944
6,901
6.450
73.912
74.252
74.592
4.474
4.044
4.546
12.677
13,728
13.552
6,211
7,188
6.893
74.870
75,133
76.745
6.815
4.915
5.669
13.014
12.876
15.825
5.639
6.773
9.835
77.777
78.183
79,936
3.986
3.357
4.991
14.808
15,741
15.560
7.155
7,514
7.590
82,087
83,608
84.883
4.530
6.251
4.848
15.210
15.699
15.156
8.505
7.967
7.041
84.994
85.165
86.126
3.976
5.383
4.956
381.8
16.836
17.374
16.584
8.845
9.504
9.325
87.968
89,857
91.896
5.482
5.759
6.554
r387.8
12.892
15.674
19.805
4.466
9.817
9.049
91.354
92.575
93,827
3.830
4.850
6.034
p19,361
9,756
98,818
r7.306
p8.526
345.4
1911
<«,! <!»> >
hm,
...
564.7
...
. ..
...
664.0
36.9
. ..
. ..
668.2
. ..
. ..
694.0
. ..
. ..
. ..
. ..
36.1
...
. ..
37.8
. ..
. ..
. ..
. ..
. ..
413.6
. ..
. ..
419.6
. ..
. ..
r727.2
p36.0
p423.8
!W?
411. 7
. ..
374.8
. ..
. ..
377.5
. ..
. ..
. ..
. ..
1912
8e»!emdes
0c!»be<
llecemb«!
-3K
January
February
March
(NAl
(NAl
(NAl
-K6
-74
-b?
Ap,,1
May
June
-4L
-a?
-55
July
August
September
p-99.5
5?8
5?N
October
November
December
540
5/2
LI?
b?1
See note on page 80
Graphs
these series are shown on pales 52 and 53.
0'
lBased on national income and product accounts.
53«
p627.7
5K4
58/
b!5
!><II
K64
90
KK8
K94
r-?2?.2
MARCH 1982
.t:l.
OTHER IMPORTANT ECONOMIC MEASURES
GOVERNMENT ACTIVITIE5-Continued
^?D oinrn l^poni/^l^i eco^o^«: l^^sun«
Vez,
llcfc^c >«o>»7<)«5-c°!,!,^«<l
•
DEFENSE INDICATORS-Continued
!ü!e,me<w!e ,n<l !,n«> me^lul«! «! 6e!e»5e 3c!iv>t>
55? 0u!»l,! »!
National defense
purchases
Intermediate and flOat measures of defense activity
<I9K?^I!><»
558, «»nulic-
Year
and
month
!«sen^ inven-
<«,,, <l», >
5LI «»nx!»c
557 Output of
defense and
space eqUip·
ment
559. ManufK
turers' Inven·
tOries. defense
products
561 ManufK
turers' unfilled
orders. defense
products
580 Defense
Department
net outlays
(Mil dol)
(Mil dot)
IMlt dol)
588 Manufac·
turers' ShiP'
ments. defense
products
570 Employ·
ment In de·
lense products
Industries
(Mil doL)
IThous )
I>l»<l!!c!z
Defense 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
<»,j <!»! 1
<«,, <!o,,>
(1967
~
100)
(Ann. rate,
blL doL)
(Percent)
588 «zn^zc
men!z, 6«!e^5e
1910
stllxlxc!«
<«,!.»»>>
5?» lm>!><>>-
January
February
March
97.2
97.6
97.4
8,762
8,819
9,246
54,323
55,318
57,151
10,900
10,652
11 ,358
2,983
3,229
3,319
1,346
1,352
1,357
2,029
2,032
2,033
964
965
966
April
May
June
97.6
97.4
97.7
9,415
9,576
9,749
58,345
59,024
60,207
11,188
11 ,061
11 ,537
3,280
3,366
3,363
1,359
1,363
1,359
2,028
2,031
2,034
969
975
988
July
August
September
97.9
97.7
98.1
10,034
10,337
10,447
63,573
65,097
67,113
11 ,193
11 ,425
11,993
3,450
3,391
3,653
1,364
1,369
1,372
2,044
2,049
2,051
990
973
971
October
November
December
99.2
100.3
101. 0
10,698
10,815
11,021
67,445
67,046
68,355
12,193
12,224
11,992
3,653
3,757
3,683
1,376
1,379
1,380
2,053
2,056
2,051
971
972
973
January
February
March
100.9
100.5
100.7
11,418
11,628
11,984
69,321
71,711
72 ,398
12,639
12,932
12,619
3,564
3,861
4,161
1,383
1,379
1,380
2,056
2,061
2,062
973
972
974
Aplil
May
June
101.5
102.0
101. 7
12,165
12,273
12,700
72 ,410
73,852
74,696
12,833
13,433
13,264
3,964
3,941
4,112
1,383
1,383
1,385
2,060
2,064
2,070
980
990
1,008
Juty
August
September
102.6
102.8
103.0
12,681
12,689
13,019
75,952
77 ,294
79,632
13,889
13,809
14,014
4,229
4,419
4,214
1,384
1,387
1,387
2,082
2,084
2,083
1,023
1,017
984
Ocrobel
November
December
104.5
r105.3
rl07.0
13,068
13 ,541
13 .642
79,127
79,473
80,880
14,227
14,548
15,298
4,337
4.502
4,627
1,381
1,375
rl,379
2,090
2,097
2.093
998
1,006
1,009
rI05.5
pl07.7
p13,805
r83,960
p87,771
rI4,152
p14,693
r4,226
p4,713
pl,374
2,104
p2,109
Delenze llepz^men!
5??, «i!i!,s>,
»c!i»e »x!> O
<I^xz>
578 ci»i>i,l!,
6ilec! !me
emolllMe»! <U
pxsc>>«5«
...
1,008
pi ,013
!««!« »n><wc!l
(I!,ox5,>
...
125.0
...
...
...
...
131.4
...
...
141.6
...
128.7
4.9
...
...
5.0
...
...
5.0
...
...
5.2
...
5«4 f^°s«i
1911
585, feöes«!
z I>elcei>! o!
<pescen»
!z>!l!2^
fet>^«,> , . .
U«sc>!
Ostlil
««>
luxe
)»!,
K!l!!5!
8«I>!emb«s , ,
Oc!»!>e?
...
...
...
148.2
...
...
154.1
...
...
145.2
r169.7
. ..
5.1
...
...
...
...
5.1
5.2
. ..
'"
5.7
«»»emde,
1912
llecembel
NN
1»!w«s>
»>sc>!
Kps>!
««»
!>me
January
February
March
(NA)
(NA)
April
May
June
1«!,
^<li>«!
5el>!em!>«l
July
August
September
llclobes
«»»embel
!>««m!>el . ,
October
November
Decembel
Ig«?
l»l!U»s>l
^pli!
Se .. note on page 80
Graphs 01 these series are shown on pales 54 and 55.
«2,
<«!>« , , ,
)«!>
5e»!em!>e,
llc!»!>« , , , ,
f<o»em!>e?
llecembe,
9?.?
lit: ••
MARCH 1982
97.6
97.4
97.b
91
OTHER IMPORTANT ECONOMIC MEASURES
u.s.
INTERNATIONAL TRANSACTIONS
•
MERCHANDISE TRADE
602. Exports, excluding
Year
and
month
604. Exports of agri-
606. Exports of non-
612_ General imports,
614_ Imports of
616_ Imports of
military aid shipments,
total
cultural products
electrical machinery
total
petroleum and
petroleum products
automobiles and parts
(Mil. doL)
(Mil. doL)
(Mil. doL)
(Mil. doL)
Revised'
1980
(Mil. doL)
(Mil. doL)
Revised'
January _
February .
March
17,419
16,984
18,265
3,442
3,484
3,325
3,297
3,454
3,423
21, 142
21,779
20,947
5,614
7,741
6,991
1,899
2,035
1,960
April
May.
June
18,567
17,647
18,440
3,329
3,326
3,085
3,571
3,620
3,943
19,766
20,587
20,353
5,185
7,191
6,611
1,710
1,999
1,843
July
August
September .
18,267
19,086
18,828
3,286
3,557
3,596
3,985
4,230
4,027
19,139
19,713
19,940
5,153
6,018
4,982
2,103
2,139
2,270
October
November
December
19,214
18,715
19,251
3,485
3,464
3,838
4,117
3,968
3,819
20,347
19,860
21,436
5,876
6,051
6,254
2,189
2,314
1,897
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
December
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
18,737
3,258
4,346
22,829
6,810
2,389
(NA)
(NA)
(NA)
(NA)
(NA)
(NA)
1981
1982
January
February .
March
April _
May.
June __
July
August - _.
September .
... .
October
November
December
See note on page
80.
Graphs 01 these series are shown on pace 56.
'See "New Features and Changes for This Issue," page iii.
92
MARCH 1982
Ilt:l.
OTHER IMPORTANT ECONOMIC MEASURES
u.s.
INTERNATIONAL TRANSACTIONS-Continued
•
GOODS AND SERVICES MOVEMENTS (EXCLUDING TRANSFERS UNDER MILITARY GRANTS)
Merchandise. adjusted
Goods and services
Year
and
month
669. Imports
668. Exports
667. Balance
(Mil dol)
(Mil dol)
(Mil dol)
620. Imports
618. Exports
622. Balance
(Mil. dol)
(Mil doL)
Income on investments
I
651. U.S. invest·
ments abroad
(Mil dol)
(Mil dol)
652. Foreign
Investments in
the United
States
(Mil dol)
1980
...
..,
.. ,
787
...
...
6,478
..,
. ..
3,734
.. ,
January .
February
March.
-217
April
May.
June
July
August
September .
October.
November
December
...
85,764
...
...
83,617
...
...
86,655
...
...
88,636
...
...
...
...
82,830
...
85,981
...
80,177
...
...
84,902
...
. ..
...
., .
...
...
...
...
...
62,4ll
...
...
...
. ..
-10,126
54,898
-6,744
55,667
., .
-2,902
56,252
...
...
. ..
-5,570
...
...
...
...
...
...
57,149
65, 024
59,154
...
...
62,719
...
20,465
...
...
16,860
. ..
...
...
...
19,764
...
18,850
..,
.. ,
10,629
...
10,342
...
..,
10,697
..,
. ..
..,
11 ,507
1981
...
...
January
February
March
r4,861
Apnl
May
June.
r2,730
July
August
September
...
...
r3,963
r94,046
...
...
...
October
November
December
.. ,
...
...
pl,786
r94,341
. ..
...
r94,992
. ..
...
...
p92,617
...
...
...
r92,262
...
. ..
r90,083
...
. ..
r89,480
p90,831
. ..
. ..
. ..
r-6,894
., .
. ..
r-4,661
. ..
...
...
r65,651
r60,369
r67,263
...
...
. ..
...
r-7,026
.,
r57,929
."
p-9,236
p57,012
.
...
. ..
r60,990
...
...
. ..
r64,955
...
...
p66,248
. ..
..,
r2I,581
r12,498
...
..,
. ..
rl3,649
..,
. ..
r23,301
r14,043
p22,762
..,
pl3,Ill
...
...
r22,413
...
...
...
...
1982
January
February .
March
April
May
June.
July
August
September
October.
November
December
...
See note on page 80.
Graphs of Ihese series are shown on Pile 57.
'Balance of payments basis: Excludes transfers under military grants and Department of Defense sales contracts (exports) and Department of
Defense purchases (imports).
IIt:lt
MARCH 1982
93
OTHER IMPORTANT ECONOMIC MEASURES
INTERNATIONAL COMPARISONS
oi«en llVll»oni/mi ecc)l^c)!Vllc: !Vl^5unr5
idlirn^^ilo^^l. co^pznl50N5
MO!,!!,
•
,^c>U8IN!«l f>NWlM,lltt
INDUSTRIAL PRODUCTION
<?, UnNeö 8!«!ez,
47. Uniled States,
Index of indus·
Irial pr~uction
!i,zl Phalli!,»»
«967-IW
Year
and
month
In«, m^e« o!
mäüllii»!
721. OECD'
European coun·
tiles, index of
industrial
production
728. Japan,
index of Indus·
trial production
725. West
Germany, Index
of industrial
production
726. France,
Index of indus·
Illal production
722. United
Kingdom, Index
of industrial
production
(1967= 100)
(1967 = 100)
(1967= 100)
(1967 = 100)
(1967= 100)
727. Italy, index
of industrial
production
723. Canada,
index of Indus·
trial production
<I96?-IW
ml!« »! ,<«!u!
!ii«> >!io<<^c!,oi>
<I9b?-Il><»
(1967 = 100)
(1967=100)
(1967=100)
??5 ««!!
Leim«>>>, >ül!e»
1910
stilxlucli»»
(1967-10!»
??K, fi»nce.
<I9«?^!!>N>
??? Umleil
st?0!wc!,<m
<!9«?^I0«)
January ... . . ... .
February ..... .. .
March .. . ....
153.0
152.8
152.1
163
163
163
230.7
241.0
235.0
164
167
164
166
167
166
130
128
125
168.9
176.1
174.6
162.9
161.9
164.8
April .. .. .. ...
May ..... ... ,
..... ..
June.
.
148.2
143.8
141.4
163
158
159
238.2
235.7
234.4
164
161
160
167
160
160
124
124
124
176.1
162.3
167.4
160.8
158.4
158.1
July .....
Augusl ..... ....
September ..... · .
140.3
142.2
144.4
161
154
155
234.5
225.3
233.4
161
157
157
166
166
156
123
120
118
165.2
141.5
160.8
157.5
158.8
160.9
October ... ..
November ..... · .
December .... · .
146.6
149.2
150.4
156
156
155
235.7
232.6
236.4
160
157
154
159
157
163
118
117
117
163.2
169.5
159.4
162.0
162.7
163.1
..
151.4
151.8
152.1
154
159
r156
238.3
239.8
237.9
156
164
160
156
159
157
116
117
117
158.2
r169.9
168.9
r160.7
r163.8
r166.2
April
... . · .
May .....
June . . . . . . .. . · .
151.9
152.7
152.9
156
156
155
239.0
234.5
240.3
160
160
156
156
159
160
117
116
r117
167.5
r157.5
r157.9
r166.2
r168.4
r169.8
July .....
August ... .. . ...
September ..
...
153.9
153.6
151.6
156
152
156
243.1
236.0
245.1
160
157
160
157
157
160
117
117
118
r162.7
137.2
r162.9
r165.9
163.0
r160.6
October ... . . ...
November . . . . .
December
...
149.1
r146.3
r143.2
r156
158
pISS
248.8
248.4
p246.4
160
157
p156
160
160
p163
121
r118
p117
rl58.4
r169.8
p159.5
r158.3
r156.9
p156.1
r139.6
p141. 8
(NA)
(NA)
(NA)
(NA)
(NA)
(NA)
(NA)
??? »,!>, ,^e<
<I95?-IM>
??3 c«»,!!,,
>i,«> pslüluc!«!»
<I96?^Il>01
I?««
1«üli«1»
1911
f«l,su»l> , , , ,
«zic!>
^li>
««,
<>me
1u>»
^xzu!!
January .. .. .
February .
March
·
8ep!«m>>ei ,
llcwbei
^»vembei , ,
Lecembn
I9«I
1«ül<21>
fe!>m«i> ,
1912
«gicl!
^<>ii>
«z,
lune
Ilch
^üz^:I ,, , ,
8«l>!embel ,,
January
February .
March
AplIl
May.
June
llcwdei
Necembei
19«?
July
August
September
f«!>1ü21> ,
U^c!> , , , ,
^sts,!
October ...
November
December
«2>
lüü«
1u!>
Klizxz! , , ,
See note on page 80.
Graphs of these series are shown on pace 51.
'Organization for Economic Cooperation and Development.
8e>>!em!>ei
0c!»bei
Xovembei
Decembei
153.0
15?.8
15?. 1
94
148.2
143.8
141.4
MARCH 1982
It:1
OTHER IMPORTANT ECONOMIC MEASURES
INTERNATIONAL COMPARISONS-Continued
Z
conti»,««»
•
CONSUMER PRICES
oi«rn »^elmziionzl. lv>^5unr5
llvlponi^l»! cccx^oivllc: co«p^nl5c)^3âUnl!e<! 5!,!«
France
West Germany
Japan
Unlled States
12P2N
Untted Kingdom
^ co«!u«cn >>l!>cc8
Year
and
month
H«l> LelM3»>
flau«
320 Indel @
320c. Change
over 6·month
spans I
738. Index @
138c Change
over 6·month
spans'
135 Index
@
/35c. Change
over 6·month
spans'
736. Index
@
73k Change
over 6·month
spans I
732. Indel @
732c. Change
over 6·monlh
spans I
Um!«! Xmzöom
320, !»<!<!» O
320c, c!,2nze
738, >»!!« O
(1961· tOO)
(Ann rate.
percent)
(1967
~
100)
(Ann rate.
percent)
(1961
~
100)
(Ann rate,
percent)
(J967 ~ 100)
(Ann rate,
percent)
(1967
~
100)
(Ann. rate,
percent)
?38c, lk«üze
735 >!«w O
1910
?35c, <Ã!«!>le
736 lüde« <Z>
?38c, lü>»»ze
January
February
March
233.2
236.4
239.8
15.5
15.0
14.5
271. 3
273.3
275.0
9.9
9.6
9.4
171. 0
172 .8
173.8
5.6
5.6
5.5
277 .2
280.2
283.4
14.8
14.5
14.1
394.1
399.7
405.1
20.2
19.8
19.5
Aprtl
May
June
242.5
244.9
247.6
11.6
10.4
9.6
280.1
282.6
284.0
8.5
7.6
8.0
174.9
175.6
176.5
6.4
5.5
4.9
286.7
289.3
291.1
12.7
12.5
12.1
419.0
422.8
426.8
17.2
14.4
13.3
July
Augusl
Seplember
247.8
249.4
251.7
10.0
10.3
10.3
284.0
283.2
288.3
6.1
7.2
5.5
176.8
177 .0
177 .0
4.6
5.0
5.4
295.5
298.4
301.0
12.2
12.6
13.2
430.4
431. 3
434.1
10.9
11.3
11.1
Oclober
Novembe,
December
253.9
256.2
258.4
ll.8
12.4
11.4
288.8
289.4
288.3
6.2
5.3
4.6
177 .3
178.3
179.4
5.4
5.4
6.3
304.3
306.4
309.1
12.9
12.7
12.6
436.8
440.3
442.7
9.1
10.6
12.0
January
february
March
260.5
263.2
265.1
10.0
9.3
8.8
291.1
290.8
292.2
4.4
3.1
3.8
180.9
182.3
183.5
6.6
6.2
5.7
312.7
315.6
318.8
13.2
13.0
13.0
13.0
12.1
11.6
Aprtl
May
June
266.8
269.0
271.3
9.6
9.3
10.4
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
445.5
449.5
456.2
469.4
472.4
475.2
July
Augusl
September
274.4
276.5
279.3
10.5
9.8
9.1
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
1l.8
12.5
October
November
December
279.9
280.7
281.5
7.2
6.0
300.7
299.8
299.8
(NA)
4.0
189.2
190.1
190.7
6.3
4.8
347.1
350.3
352.4
13.9
487.9
493.0
496.1
1l.5
9.9
732, !>,<!« O
?32c ciun««
,»<!
0»«s K MOKÃ!
»«? K Ml>ÃÃ!
moül!,
5P2N5 ^
5I»!>5 ^
:i»i!l >
zpzn:'
5P«N!>
1911
(IW7-I«»
09«?-IM)
stehen!)
lI96?-!N!»
<I9K?^I!>«)
<I8«?-IW
12.5
12.1
10.7
I««
!«i»iz^
233.2
236.4
239.8
15.5
271.3
9.9
(NA)
1982
9.6
9.4
171.0
January
February
March
282.5
283.4
300.7
(NA)
192.3
192.8
356.0
(NA)
499.0
499.1
172.8
173.8
5.6
Aprtl
May
June
5.6
277.2
14.8
14.5
14.1
394.1
399.7
July
August
September
October
November
December
405.1
See note on page 80
20.2
19.8
Grilphs of these series illt shown on pill' 59.
lChanges o\'er b-month spans are ccntereJ on the" "'th month.
19.5
feb^»s>
15.0
14.5
273.3
275.0
280.2
283.4
X«?c!>
lit: •• MARCH 1982
5.5
n.e
280.1
95
OTHER IMPORTANT ECONOMIC MEASURES
INTERNATIONAL COMPARISONS-Continued
•
CONSUMER PRICES-Continued
•
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 @
743. Canada.
index of
stock
prices @
over 6·month
spans I
19. United
States. index
of stock
prices. 500
common
stocks @
(Ann. rate.
percent)
(1967 = 100)
(1967=100)
(1967=100)
(1967=100)
(1967 = 100)
(1967 = 100)
(1967=100)
Italy
Yeil'
and
month
STOCK PRICES
Canada
737. Index @ 73k Change
733. Index @ 73k Change
over 6·month
spans I
(1967 = 100)
(Ann. rate.
percent)
January .
February .
March . . ...
367.9
374.3
378.2
22.3
22.5
19.9
231.3
233.3
235.8
9.9
9.7
9.9
120.6
125.5
113.9
420.1
425.5
413.0
117.2
123.3
118.1
203.8
207.4
185.4
224.3
239.4
231. 6
59.8
61.1
61.1
224.7
256.3
203.2
April
May ..
June.
384.3
388.2
391. 7
18.9
19.3
20.3
237.2
240.0
242.7
10.4
11.2
11.7
112.0
117.1
124.6
417.6
422.9
423.8
116.5
118.8
120.6
189.0
201.1
201.4
228.1
230.3
240.7
61.0
61. 5
64.8
212.8
216.4
227.5
July
August ....
September .......
398.7
403.5
411.6
20.0
21.4
22.7
244.5
246.8
249.0
12.2
12.5
12.4
130.4
134.3
137.6
424.9
429.1
437.6
121.2
121. 7
120.0
198.9
199.9
203.0
255.9
256.7
262.6
66.0
74.4
82.7
240.0
232.3
233.5
October.
November .....
December
418.5
427.3
432.5
20.7
20.4
20.3
251.2
254.3
255.8
13.6
13.1
13.2
141.7
147.6
145.2
447.5
447.8
443.5
120.6
117.2
116.3
218.0
215.2
206.6
267.4
277.5
267.6
93.5
99.2
96.0
223.3
235.2
219.9
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
458.2
467.3
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 . ... .
461.3
468.7
473.9
18.9
18.2
16.8
267.2
269.6
273.8
12.3
12.3
11. 9
146.2
143.3
143.9
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
276.2
278.2
280.2
12.2
12.2
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
283.0
285.4
286.7
10.6
10.9
130.3
133.7
134.7
493.8
505.6
512.7
118.8
118.0
117.7
163.9
169.2
170.7
259.5
278.0
284.2
91.2
93.8
96.9
190.4
208.9
201.2
127.6
124.6
p120.3
518.9
516.9
p480.3
116.8
118.4
p120.7
rp204.1
rD218.7
p208.2
p290.7
rp299.8
p297.6
95.0
rp97.2
p103.2
185.3
rpl72.2
p162.9
(1967 = 100)
1980
1981
1982
517.7
524.4
January .
February .
March ..
April.
May
June
288.7
292.1
......
..
July .. ... .
August .. . .....
September . ... .
October ..
November
December
.. .. . .
..
See note on page 80.
Graphs of these series are shown on pace 59.
'Changes over 6-month spans are centered on the 4th month.
96
MARCH 1982
Ilt:l.
c.
Historical Data for Selected Series
Year
Jan.
I Feb. I Mar.
Apr.
6. VALUE OF MANUE'ACTURERS I
1948 . . .
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 •••
7.46
7.14
7.56
15.46
11. 06
14.45
9.99
13.48
15.72
15.16
12.94
15.68
15.54
14.09
17.46
18.19
20.40
22.12
25.51
24.70
27.41
29.26
27.92
29.85
32.32
40.52
45.56
41.06
45.55
56.52
63.67
79.46
83.58
84.21
7.50
7.08
7.62
14.0B
11.06
14.21
10.31
13.92
14.61
15.64
12.47
16.97
15.97
14.68
17.81
18.82
20.03
22.44
25.80
24.87
27.30
29.99
27.69
30.10
33.06
41.42
45.48
40.37
47.72
56.53
66.39
82.10
83.15
85.45
7.82
6.67
7.86
14.64
12.81
13.34
9.72
14.96
15,04
15.14
12.50
16.65
15.21
14.49
17.05
19.01
19.75
22.76
26.83
24. 38
28.90
30.0B
27.43
29.79
33.21
42.85
45.18
38.24
49.72
58.72
68.70
84.53
79.39
86.73
U .00
6.16
8.35
13 .04
12.94
13.69
10.17
14 .24
15.69
14.11
11.80
16.84
15.02
15.2'.>
16.67
18.66
20.46
22.99
26.29
24.72
27.57
31.52
26.86
29.12
33.66
42.51
45.86
40.64
50.43
59.38
70.96
77.58
73.38
87.18
7. VALUF.: OF' MANUFACTURERS I
1948 •••
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 •••
1917 •••
1978 •••
1979 •••
1980 •••
\981. ••
1982 •••
14.60
12.66
13.72
24.73
17.55
22.71
15.33
20.39
22.33
20.43
17.05
20.36
19.92
18.23
22.64
23.63
'26.30
28.14
32.0S
30.20
32.60
31.48
30.65
31.62
32.75
39.96
41.12
10.64
32.31
37.58
39.35
44.67
41. 79
19.00
14.59
12. '55
13 .80
22.43
17.50
22.31
15.81
21.00
20.66
20.99
16.45
22.02
20.48
18.98
23.0G
24.44
25.74
28.52
32.34
30.41
32.34
34.12
30.40
31. 78
33.29
40.52
40.68
29.90
33.70
37.46
40.71
45.76
41.10
39.41
15.10
11.84
14.16
23.21
20.24
20.84
14.91
22.53
21.13
20.30
16.5 1
21. 54
19.47
18.74
22.06
24.69
25.35
28.91
33.58
29.30
34.16
J4 .06
30.02
31.29
33.41
41. 36
39.67
28.26
34.91
38.63
4l.86
46.65
39.22
39.80
TMay I June
July
I Aug. I Sept.
NEW ORm;RS, DURABL~~ GOODS INDUSTRIES,
(GILLIONS OF DOLLARS)
8.06
6.02
9.23
13.25
10.86
13.58
9.75
14.51
15.16
14.58
12.20
16.02
15.22
15.46
16.89
18.99
20.59
22.44
26.00
25.96
27.31
29.80
27 .BO
28. 7~
34.42
42.99
49.02
40.64
51.08
59.56
71. 65
80.39
69.00
88.16
8.8 >
5.75
9.39
12.88
13.00
13.20
10.29
14.84
1> .06
14.23
13.30
16.B6
15.52
I'.> .80
16.76
IB .20
20.63
22.76
26.76
26.14
27.41
29.14
2B.02
29.29
34.29
42.72
48.66
40.52
51. 44
61. 46
71..; 1
79.07
70.33
88.30
U .85
5.93
li.S2
12.61
12.04
12.35
10.50
14.98
14.75
13.43
13 .17
15.79
15.26
15.72
17 .03
18.86
21. 62
23.37
26.28
25.65
27.11
2~ .60
27.68
29.61
34.21
42.50
49.71
43.88
53.46
60.38
70.BO
77.94
00.21
C.92
6.85
14.21
11. 41
11. 76
10.89
10.45
15.04
17.73
14.03
13.57
14.93
15.B 3
16.'.> 1
17.03
18.67
20.21
23.21
25.36
26.27
27.44
29.39
26.90
29.56
J4 .92
42.53
51.17
43."
51.77
61. 54
74.26
77.20
76.78
NEW ORDERS, DURABLE GOODS INDUSTRI 1':S,
(BILLIONS OF DOLLARS)
15.27
10.96
14.99
21.86
20.44
21. 3 3
15.54
21. 35
21.89
13.91
15.58
21. 73
19.23
1'J.73
21. ') 7
24.26
26.23
29.17
32.74
30.22
32.48
35.70
29.29
30.46
33.80
40.74
39.44
29.97
35.31
38.86
42.82
42.14
36.1'
39.68
15.27
10.79
16.43
20.94
17 .13
21.03
14.91
21.66
21.00
19.49
16.10
20.62
19.53
1~L97
21.85
24.66
:;(:6.36
28.45
32.18
31.66
32.13
33.68
30.15
29.95
34.56
40.07
40.96
29.93
35.64
38.78
42.88
43.55
33.89
39.86
16.60
10.34
16.54
20.31
20.50
20.25
15.69
22.09
20.88
19 .O~
17.51
21. 62
19.92
20.42
21. 6il
23.60
26.41
28.78
31.08
32.49
32.18
3"L92
30.26
30.45
34.36
40.61
39.82
29.77
35.65
39.86
42.44
42.53
34.21
39.69
16.33
10.68
20.11
19.92
18.96
13.82
15.99
22.06
20.54
17.09
l7.38
20.27
19.66
20.34
2<.03
24.37
27.613
29.51
32.44
31.10
31. 70
33.37
B.86
30.53
34.14
40.43
39.77
32.19
36.34
38.78
41. 7 2
41.61
38.66
16.02
12.41
24.51
18.14
18.46
16.63
15.93
21.96
24.42
13.64
17 .83
19.17
20.42
21. 34
22.0)
24.09
25.34
29.27
31.81
31. 73
32.02
33.03
28.95
30.19
34.81
40.32
40.07
31.69
35.51
39.30
43.35
41.06
36.72
Oct.
I Nov. I Dec.
IQ
1 I
II Q
III Q
I IV Q
Annual
IN CURRENT DOLLAI{Sl
'J.'VTAL FOt{ PERIOD
8.38
6.92
11.79
10.75
12 .66
9.71
11.69
15.74
14.76
13.64
13.63
16.04
15.95
16.30
17 .82
18.93
21.15
23.74
27.25
25.63
28.64
30.67
27 .83
30.66
3b.91
42.95
48.93
43.94
~2 .17
63.14
75.15
79.10
82.16
~.
34
6.77
12.00
11.98
11.85
9.99
12.64
15.74
14.84
12.96
14.13
15.77
14.54
16.32
17.82
18.98
20.43
23.85
25.99
25.74
30.04
30.13
25.43
30.00
3& .67
44.41
45.78
,3.33
52.34
64.40
77.84
77.59
83.36
7.95
7.12
10.95
11. 5 5
11.95
9.94
1l.l4
15.74
15.78
13.>8
15.34
14.73
14.72
17.0 1
17.70
13.90
20.84
24.54
25.64
26.39
29.03
29.71
26.12
31.25
37.37
46.10
45.47
44.35
S4.27
64.39
79.67
7lJ.32
83.97
7.72
7.00
11.8B
11.18
12.89
9.96
12 .60
16.42
15.73
12.54
14.59
15.96
14.89
17 .'.>9
18.62
18.66
22 .04
25.15
25.54
28.61
29.14
29.55
29.04
31.92
39.30
43. ';1
41. 21
44.27
56.32
67.30
77. (j4
78.56
86.58
22.78
20.89
23.04
44.18
34.93
42.00
30.02
42.16
45.37
45.94
37.91
49.30
46.72
43.26
52.32
56,02
GO .18
67.12
78.14
73.9')
33.61
89.13
83.04
89.74
98. '>9
124.79
136.22
119.67
142. (j9
171. 77
198.76
246.09
246.12
256.39
24.91
17.93
26.97
39.97
36.30
40.47
30.21
45.91
42.92
37.30
49.72
45.76
46,')1
'.>0.32
55.85
61. F.iB
68.19
79.05
77.42
82.29
90.4fi
lI2.68
87.16
102.37
128.24
141. "i4
121.00
152.9')
10U.40
1.14.12
237.04
212.71
263.64
14. t 1
12.98
18.19
18.33
18.87
15.25
16.91
22.54
21. 35
\7.96
20.03
18.91
l'L06
22.. U4
22.96
24.3')
26.58
30.87
31. lIJ
3 t. ')6
J 3.52
32.86
27.76
31.92
37.53
42.76
34.39
31.77
36.47
40.30
45.47
40.15
39.15
13.69
12.74
19.28
17.75
20.33
15.28
19.10
23.49
21. 26
16.>4
13.97
20.46
19.29
:U.79
2~ .15
24.02
2B. II
31.64
31. 22
34.14
33.49
32.55
30.86
32.41
33.79
39.88
31.01
31.48
37.88
41.8S
44.26
40.19
40.21
44.29
37.05
41.68
70.39
55.29
65.86
46.05
61.92
64.12
61. 72
50.01
63.92
59.87
55.95
67.7J
72.76
77.39
8').57
97.97
90.41
99.10
101.66
91.07
94.69
99.40
121.04
121.47
38.80
100.92
111.67
121.92
137.00
12/..11
113.21
47.14
32.09
47.96
63. II
58.07
62. (j 1
46.14
6"i.10
6).8'.>
57.42
49.21
63.97
58.6H
60.1'2
65. lO
72.52
79.00
86.40
98.00
94.37
96.79
102.30
89.70
90.86
102.72
122.22
120.22
89.67
106.60
117. "i0
128.14
128.42
104.211
119.23
11. ql
11.40
11.45
lS.55
14.19
17.05
13.00
Hl.14
19.46
13.19
14.91
18.05
18.79
17.17
20.97
20.12
22.07
24.84
27.18
26.55
29.46
29.73
29.02
27 .99
37.42
32.11
37.04
57.02
4~.1 7
54.28
39.30
29. SU
4l. 74
4,3.99
4U.60
54.5';.
44.1.4
59.10
53.86
52.67
45.62
58.03
53.05
56.26
58.10
64. '>2
69.30
75.65
82.6l
79.42
85.40
09.1 S
83. \5
83.94
94.20
l08.41
104.48
~2. 59
9f3.26
107. \)6
116.00
114.63
\)1. 57
106.33
43.5<;
26.15
19.70
37. ~2
34.77
36.46
32.9':1
32.64
45.76
47.26
41.10
40.37
46.76
47.06
48.53
51.88
56.415
62.9B
70.32
79.39
77."iS
83.19
89.66
82.4\
89.83
106.04
127 .913
149.81
1>1.14
157.40
1135.06
220.21
234.24
239.15
24.01
;':0,8';1
34.J 3
34.71
36.69
2';1,89
36.38
47.90
46.35
39.08
44.06
46.46
44.15
50.92
54.14
56.54
63.31
73.54
77.17
80.74
88.21
39.39
00.59
93. l7
113.84
134 .02
132.46
1>1.95
163.43
196.09
235.45
234. 47
253.n
<;7.35
79.41
12:2,36
153.63
144.8H
145.31
129.2>
179.61
184.89
169.04
159.64
192.24
183.69
189.22
208.66
224.87
248.1')
279.37
313.75
3n'} .66
337.30
358.84
328.72
359.90
420.84
SIS .1)3
562.03
~HJ4. ')6
616.77
733.32
860.54
951.84
~51.89
IN 1972 UOLLARS
TOTAL FOR PERIOD
14.99
12.60
20.06
17.12
19.91
14.89
17 .82
22.81
20.19
18.11
17.139
20.56
:tll .6Y
21.05
23.01i
24.42
1.7.02
29.90
33.52
3Q .IlU
33.30
34.31
29.90
31.3"i
J6,65
40.55
37.94
31. 98
35.44
39.92
43.59
41.54
39,09
14.87
12.36
20.14
19.02
18.70
15.32
19.27
22.62
20.13
l7.19
ID.50
20.24
lU.79
21.ll
23.09
24.46
26.06
30.04
31.93
30.93
34.73
33 .S2
27.0>
30.64
36.45
41.70
34.94
31. 24
35.34
40.50
44.87
40.24
39.21
47.34
35.69
64.1)8
55.18
57.33
50.34
49.74
66.83
65.15
54.64
53.10
60.00
60.77
62.73
67.11
72.813
80.S4
US .68
')7.77
93.71
Y7.02
100.71
80.71
92 .07
105.60
121.1U
117.60
<)5.36
107.79
113.00
120.66
124.21
114.47
42.67
30.00
57.61
5'.> .10
57.90
4") .8.5
55.28
68.65
62.74
51.69
'57.50
59.61
57.14
65.94
70.20
72.U 3
80.7'J
92.S')
94.53
96.63
101.74
'JC .93
85.67
94.97
112.77
124.14
100.14
94.49
109.69
122.65
134.60
120.78
118.77
181.44
142.91
21l.93
243.78
228.')9
224.66
197.21
264.50
255.B6
225.47
209.82
2.47.50
236.46
244.74
270.19
190.Sl9
3l7.68
353.20
3BB.27
375.12
394.65
403.60
355.15
372. 'J9
420.54
4j').7U
459.71
)68. R 2
425. 00
471.82
513.32
510.49
459.61
B. VALUE OF MANUFAC'rURERS' NeW ORDERS fo'OR CONSUI>1I::R GOOUS AND MATt-:Rr ALS IN 1972 OOLLAHS
TOTAL FOR H-::1UO[)
(IHLLWNS OF DOLLARS)
1948 ••.
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 •••
1\)74 ...
1975 •••
1976 •••
1977 •••
1978 •••
1979 •••
1980 •••
1981. ••
1982 •••
12.33
11.01
12.14
<!0.27
14.43
18.53
13.67
19.03
l8.88
17.78
15.68
18.94
18.61
16.74
20.61
20.72
22.88
25.21
27.07
26.50
28.59
30.20
28. l8
29.16
30.62
16.56
35.34
26.88
30.97
34.75
36.00
19.64
36.72
13.77
12.22
10.66
U.39
18.1 j
14.52
17.75
14.39
lU .88
18.13
18.52
14.91
20.79
18.68
16.80
20.46
21. 60
22.62
25.44
27. '>6
26.27
28.55
30.06
21.60
28.87
31.11
36.90
34.33
26.75
31.66
35.08
17.01
39.09
36.89
35.61
12.87
10.44
12.31
18.62
16.22
18.00
14.44
20.21
18.2 t
18.14
14.69
20.17
17 .61
17 .82
20.08
21. 73
22.44
25.50
2B .60
26.02
28.53
30.02
27.46
28.06
30.97
37.2l
34.27
25.84
32.
36.28
37.32
39.47
33.96
34.96
»
12.52
9.98
l2.88
16.95
16.74
18.6 'L
14.50
19.67
18.48
17.56
14.60
19.70
17.52
18.23
18.98
21.99
21.27
25.07
27.61
26.22
28.04
29.87
27.35
28.26
31.05
36.00
34.20
27.17
32.3J
35.82
39.13
37.97
31. 25
35.5S
12.90
10 .03
14.37
16.28
14.74
18.13
14.50
19.52
17.90
17.48
15.06
19.09
17.6 :.:
18.75
19.76
21. "i4
22.97
25.19
27.41
26.45
28.64
29.55
27.60
27.96
31. 26
36.34
)S.30
'1.7.48
32.34
35.81
3!L6':J
38.75
30.27
35.4b
13 .88
1).57
14.49
15.76
17.12
17.80
1:' .24
19.91
17.4B
17.63
15.96
19.24
17.91
19.28
19.36
20.99
23.06
25.39
27.59
26.75
28.72
29.73
28.20
27.72
31.89
36.09
34.98
27 .')4
33.04
36.33
38.13
37 .91
30 .O~
35.82
13 .65
10.24
18.05
15.67
16 .09
17.62
14.57
20.28
17. :'':1
16.93
16.42
18.91
18.06
18.62
20.01
21.80
23.94
26.01
27.08
26.76
28.22
30.36
27.30
28. '.>2
31.62
35.89
33.94
29.60
33.29
35.79
37.6u
36.89
32. SO
13. 46
11.fl6
LU.21
14.11
IS.71
15.39
15.0U
19.67
17.B4
17 .13
16.79
17.84
18.03
19.40
20.22
21.1123.20
25.4B
27.13
27.96
27. 'j)
29.66
27.02
23.21
32.76
35.75
33.30
29.5!:l
32.71
36.3:'
38.72
36.77
32.6':1
NOTE: Unless otherwlse noted. these senes contaln reV1Slons beglnning with 1977.
lThis series contains no revisions but is repr'inted for the convenience of the user.
12.7 1
It.96
15,'016
13.73
16. ')8
13.77
15.78
19.35
17.38
17.19
17.26
18.60
18.30
19,22
20.42
21. 28
24.40
25.2 1
27.09
26.81
29.33
10.18
27.40
.2u.32
33.32
35.69
32.11
29.94
32.37
J6.48
3U .11
36.79
34.31
12.10
11. 17
16.11
IS.21
15.72
13.32
15.97
19.13
17. ':15
16.46
17.21
17 .97
17 .66
19.29
20.58
22.09
23. 0 3
25.66
27.36
26.40
29.97
30.28
25. ') 1
2S.71)
33.70
36.24
31. \5
3ll.16
31.7')
3b.20
3U.':n
36.36
3S. 7 1
11. 66
14.68
14.66
15.7lJ
13. S6
16.92
19. B ')
13.1l2
15.81
lU .11
17.44
17.44
20.12
20. S 5
22.06
23.74
26.70
26.31
27.54
30.46
29.30
25. ') 2
29.S'
34.55
36.S 3
30.06
3U.Ol
33 • .;1 7
36.7')
39.16
3:'.63
35.36
2~.8
2
JS.Oo
34.71
26.fl6
30.18
34.41
37.33
39.7 L
35.26
J'J.06
42. SO
58.12
55.42
54.44
45.28
59.90
54.90
51. 36
61. 1 S
64.05
67.94
76.1S
83.23
78.79
85.67
90.28
81.24
86.09
92.72
110.67
104.44
79.47
94.93
106.ll
110.35
118.20
107.57
104.34
39.:32
34.06
S4.22
43.71
40.3U
46.7U
45.15
59.30
52.81
51. 25
50.47
55.35
54.19
57.24
60.65
64.21
71. 54
76.70
81. 35
81. 5 3
05. l3
90.20
81. 72
U5.05
97.70
107.13
99.35
09.12
98.37
10B.62
114.51
110.40
':1'.'1.46
35.61
34.211
46.14
44.06
4B .5':>
40. ':16
51.03
5/.1.44
54.16
47.18
53.37
54.20
1)2.47
60. SCI
61. 25
66.22
71.61
79.74
80.74
33.40
90.16
88.60
79.02
U8.07
103. 3l
l07.78
BlL07
':10.3'>
9~ .63
110.28
117.79
107.25
106.13
t52. t ')
llO. 0 3
17'1.14
193.711
190.70
196.17
1:::13. lL
234.'Jb
216.25
205. S4
194.74
227.48
214.111
225.44
241. 15
2')'J.00
280.19
J08.24
327.93
123. \4
346.16
358.23
327 .13
343.1 ')
387.93
434.2l
3~6. 34
341. ') 3
391. 2 4
432.97
45U .65
450.53
4U4. -; 3
(MARCH 1982)
97
C. Historical Data for Selected Series-Continued
Year
Jan.
I. Feb. I Mar.
,
Apr.
I May I June
July
I Aug. I Sept.
Oct.
CONSTRUCT [ON CONTRACTS AWARDED rOR COMEHt:'A.l. AND INDUSTKIAL BUILDINGS
(lULl.ION SyUhKt.: n:lT ot-" Ft.OOlc. S ~ACE )
(!. ^iztone«! l)gt2 tos 8sls<:t«j 8snszâContinuscl
lH8 •••
1,49 •••
26.90
19.20
IY.02
46.02
16.'8
1.7.6u
17.22
!S.86
17.91
22.98
19.01
n.48
~9 .82
IY.Y4
2~.12
1.7.6!'
24.7b
26.14
lJ.22
14.76
00.17
10.19
12.>6
17.27
17.16
n.52
41.18
49.78
, 1.11
21.>1
15.03
16.05
00.05
2 •• 14
12.01
16.1l
35.61
42.11
41.49
47.91
».12
24.71
12.63
... 30
~~.64
10.67
C;1.27
"1.08
57.84
59.70
Q4.11)
10.911
67.11
ij2.61)
81. 5 1
51.H
~l. 71
S1.~b
71.70
67.01
6~.I1f)
197) ...
1974 ...
1975 ...
197 . . . .
90.1 )
Uti .O'J
6U.12
03.2H
7'>.89
UO .49
77.05
')].6H
4':t.le
42.90
44.5.
50 .10
5.! .62
1977 •••
197U •••
1j4.'H
IJU .68
05.1H
5],92
&9.58
h)".JtI
8.l.0tl
tH.U6
bJ ... .!
67.0 1
76.04
94.IS
1)6.U6
7U.J 1
83. 7',
1.!.7b
1'J.6"
11)!;O •••
v«s
i«n.
19,1 •••
1,,2 •••
1,,1 •••
19,4 •••
feb.
19>5 •••
««s.
Hps,
««>
lime
lul?
^»8.
5ep>.
0c!,
Nov,
19>6 •••
19>7 •••
19S8 •••
1959 •••
1960 •••
1961 ...
1962 ...
1961 ...
1964 ...
1965 ...
1966 •••
19.7 ...
1968 •••
1969 ...
1970 ...
1971. ..
191.2 •••
l>«c.
!0
»0
>» y
>vy
Knnu«!
UH ...
lYBO ...
1981 ...
1982 ...
9 •• 43
II J. 7.!
16.U~
)7
.its
10.25
15.61
15.01
35.99
45.12
18.»
50.14
55.81
66.S4
H.~'
66.95
2 •• 47
16.16
27.81
21. 71
18.60
24.14
la.61
.t6.24
27.16
20.n
25.66
H.lY
Jl.06
00.26
30.H
26.12
41.02
19.59
35.42
41.90
19.67
35.60
4 1.~6
45.62
41.48
51.'19
l~.10
l4.2>
16.78
26.'2
H.Y'
B.ll
1'."
11. 70
16 .O~
~O .61
21.49
~I. 10
17 •••
.t7.1j'J
lb .O'J
3~.H
32.tlt
JJ.')':I
46.18
60.06
1'.47
01.68
27.62
18.41
10. SO
15.97
42.49
51.11
52.51
55.64
17.00
16.05
10.29
69.82
66. "19
61. 59
60. J'i
54.n)
{,.z. it')
64,66
71.45
66.91
57.:ih
132 •• '
S').79
61.04
60; .SI)
11.40
14 .U'j
28.7]
17.16
J9. 7.l
4!'Jf.4U
16.')1
10.94
17.94
41.<;2
46.14
5 1.16
"6.R4
63. .lot
~6.52
11.14
1'.5'
21.82
21.H
25.0.
,H. ~:u;
15.16
15.26
12.59
31.22
14.11
40.59
13.90
4~.19
47.01
51.01
r; J. '1]
liS.O")
H.7S
18.9'
11.60
24.I)J
22.12
:J.6.17
n.o.
1> .2S
14 .82
11. 12
11.60
31.08
10.09
11.42
37.52
39. )0
40.16
40.02
41.04
45.9S
'JU.Ol
60.')0
64.09
~O.IO
12.21
35.83
Jlo43
1 •• 97
29.20
37.14
18.28
41.05
43.78
46.26
55.80
60.42
'jU .RO
713 .65
';,2.60
b4.47
61.98
61. 78
51.17
69 .~4
71. 16
11.00
7f,. ~ 2
80.81
80.BI)
71. 4t!
91.':'0
'> •• 95
,0.61
87.18
>7 .97
72. 1')
6>.19
64.81
'jH.7<;,
Oj7.09
6'.1 ,Ii 1
81.H 1
34.0,
66.67
91.16
7 .l.49
50.17
71. i7
47.tj'l
70.11
81.1.80
U').l'J
4J .. 86
':I2.'io
')3.,,')
'j.l.~u
4>.74
'>'J.b4
7~ .lO
9.!.7OJ
14 .boo!
7 J.4b
73 • .2,>
Hu. j')
U4.7'J
71.41
7b .67
&&. ')~
U 7 • .!U
'JLlJ')
64.1"
btl .Ll
j
2'.51
18.85
511.02
61.61";
58.S J
tl4.54
Jt:. .61
71. 5\1
U l.0 1
~Y.62
6D.B'
71.06
04.13
5) .51
65.84
1'J."J 1
4~. 17
':JJ. .1t)
& I.O.!
tJ'J.I.a
UI). L~
b7. J~
H4.7,>
5'>.lJlJ
18.41
19.19
60.06
81.b6
58.91
~J..
1"
~1.
)0
b& .llS
U4.'II)
'15.:.0
7) .46
1 ... 26
IQ
I II Q I III Q I IV Q
Annual
TOrAL FOR PERIOD
1l.71
16.8'
H.8S
18.12
27.61
11.OS
28.ll
36.94
l~ .87
12.82
10.01
16. Sl
19.20
41.51
43.41
45.19
52.69
61.41
60.4 ]
H5.1t!}
84. 5 J
65.92
54.06
'j 1.17
40.17
14.07
41.08
48.14
54.00
'0.55
I Nov. I Dec.
51.82
')ii .87
75.11
6.l.AI)
6'l.'H
"1 J .(1';1
67.8 J
46
16.'4
H.04
19.21
21.14
H.7S
J1
~6.
61.17
61."
~~.
10.91
')1.11
7) .99
70. jl)
54,67
1
fjli
.40
.02
77.S6
SS.S!
S8.12
111.70
S4.81
77.S7
71.00
100.91
115.11
117.90
89.98
100.22
109.01
108.76
126.97
125.42
147.81
164.2B
202.85
16]. 79
189.01
78.06
51.77
80.99
15.06
62.71
14.98
86.78
97.61
114.12
110.84
82.47
116.81
117.01
106.99
128.0S
1l7.42
146.39
173.59
190.20
176.58
222. ')0
215.58
181.61
18) .56
2J~.96
In.42
197.69
267.10
237.43
146.12
147.1I
172.25
tHO.tl9
284. 1I
259.82
2Si. 17
2.02
1. :;7
1.71
I.,"
2.96
1.68
2.56
1.07
2.63
1.43
1.ll
).05
2.79
). 19
2.75
2.1";
7.20
5.16
, .42
7.25
4.81
7.51
10.18
6.97
1.61
I.B7
2.99
5.09
7.20
) . J)
9.3B
10.70
10.95
8.16
9.31
10.12
10 .10
11.79
11.65
5.B 3
6.96
8.06
9.07
10.62
10.30
5J .OJ
Ii. 7~
82.07
tJ ... Itt
211.27
176.27
769.70
179.78
215.77
224.61
lS9.58
U7.66
2)4.35
252. 00
173.81
145.36
160.44
207.42
253.94
261. )8
252.01
215.68
701.92
792.20
899.01
766.15
H3.9S
1119.00
18D.ll
263.84
212.04
14).11
151.69
199.48
246.11
268.59
210.18
lU .6')
,".11
b;,i .sa
tl6. 12
81.91
'JO.tU)
7U.71
298.17
209.02
327.62
32).50
271.90
126.67
11l.14
011.61
436.74
422.12
3S7.18
440.40
461.31
449.26
S08.04
541.91
608.91
69lo34
192. ]8
20tl.74
07. 75
41.11J
62.S8
S2.99
92.S1
66.90
89.80
84.90
91.60
101.02
100.78
9S.88
90.63
114.61
117.71
116.65
121.27
119.79
162.49
104.40
181.77
205.71
1I6.14
;t20 .BO
250.39
214 .32
149.40
157 .00
177 .43
249.92
271.99
211.70
245.40
7)
"6.91j
'):l.n
79.97
46.7S
9S.80
69.84
66.S4
89.22
79.96
111.07
106.53
98.20
94.30
101.76
118.83
116.86
124.75
1l9.10
152.20
171.07
220.2S
H61.!tl
lOll.]}
877 .66
584 .19
616.44
756.58
967.96
1086.27
']].71
932.10
i. cn«^,<uc-ric,« ca«?^^«
CU!'1MEt'h:(Al. "Nt, INt>us'rKIAL BUILUINGS l 2
(MIl.I.ION SUl.lAH.t: Mt:Tt.KS OF t'LOOf{ SI'A(t;)
9. CONSTMUC'I.' (ON CUN'fKAC"'fS O\Wt\.HDt:l, fQR
,«H.,.IU« 5UU^ I^t,? U»' H.UN« 51>«cL,
»^«I>ri>
fn» cc>««e«ci^i. »«v IXDU^«!/^!. »nil.ni«:5'
vn«!. ro« l>ü«ic>°
I,«»...
26.»»
1948 •••
2.51
1949 ...
1950 ...
1951 ...
1952 ...
1951 •••
1954 ...
I. 79
1.77
4.28
l'S~ •••
I.~A
22.»»
24.14
2.11
1.77
1.56
J.] ]
.1.01)
l.77
1.~6
I.AS
2.1n
2.10
).04
4.12
1.92
2.1A
2.54
2.96
4.11
).19
2.41
1.31
) .60
) .29
2.11
2.<;7
2.4n
2.00
1.n9
1.21
1956 ...
27.6»
2.')6
1.60
),25
1. 15
J. 72
19')7 •••
]. 7 1
1958 ...
1959 ...
1960 ...
1961 ...
2.B 2
1.02
1.46
1962 •••
1.45
1.67
1963. ••
4.0 i
1964 ...
4.62
l'Jb~
2.A I
l.ll
1.14
4.21
24.25
11.7»
26.52
21.75
22.46
21.71
•••
196b •••
19b7 •••
4.OJ"
l.ll
1.91
4.04
4.45
5 .101
6.10
4.76
(; .57
., .11
19bU •••
29.4?
I)
.U6
S.55
1969 •••
1970 •••
1971 •••
1971 •••
197 J •••
7.82
7 .6~
6.'i'l
4.99
7.57
".80
5.92
~ .41
7.05
1975 ...
197~ ...
6 .I~
8.18
4.1)9
1974 •••
1».41
4 •• 2
4 .~5
5.0 I
6.46
7.85
1977 •••
77.56
7».««
7».»7
«2.5»
4.14
5.10
1978 ...
1979 ...
7.liO
7.Q7
9.10
1980 •••
1931 •••
1982 •••
9.24
1.'d
7.1ij
7.19
2»».!?
] .,)0
2.7 ]
2.'18
3.41
3.2'"'
J. ')U
... 6'")
'> .1.
6.18
';).UH
6 • .ll
6 • .2&
•• 67
6.2 J
6.11
.!.74
2.2";
1.7)
I. 52
2.44
2: .,)4
l.c;q
2:.21)
I. 56
2.50
2:.26
I.~O
16.7«
16.»2
11.74
I.ll
1.72
1.42
19')0 •••
1."0
1.60
1.41
1.51
19~1 •••
l'J'.lj •••
19~4 •••
1<),)1) •••
19,1J •••
19')7 •••
1':::1')0 •••
111')1) •••
2.'11
"I. .n4
I.. ~IJ
I. .c,o
1.15
Job I)
l..77
J .O':J
2.55
1960 ...
16. ,6
1948 ...
1.~7
IOJbl •••
1962.
1. 41:1
1. I~
1.40
J .6l
) .94
) .HI)
1.91
4.24
4.91
!».,,
16.»4
16.«6
0
•
1961. ..
1964 ...
4.7t)
40139
196,) •••
196(, •••
5.B I
...
'i.]()
55.5!
1968 •••
51.7?
l'no ...
7.74
II.rJfl
9.20
~I • 2 1
19.19
19~7
196~
48.75
20».»I
19.22
16.«2
26.24
27.»1
...
1 ')71. ••
1 ';ti~
52.99
4.41
5. Ja
4. 11
6.4lJ
6.l0
11.6»
11.65
29.62
30Lb
5.61
~
'.l.71:S
7.bb
4.8a
5.17
S. 7 ~
5.7.l
6.ll 1
7.,)'J
5.47
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5.02
7.95
7.60
I.U"
... .!D
6.47
7.81
6.71
4 .~6
4.81
5.19
4.90
5.A5
4.~8
8.20
l.a')
7.16
1.99
4. A9
109M
'i .89
1).21
0.7'1
1.27
7.78
.UH
5.1.
5.86
6.UIJ
2.11
2.ll
2." J
2.95
2.42
2.')';
1.44
3.19
J .19
1.27
1.2B
2.44
lo61
1.2)
l.R9
1. 21
).0,)
1.91
2 .1)4
J.41
1.19
1.49
j.77
1.6";
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1.61
1. 7.l
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4.7'>
4.14
~,
S.O:..!
4.KIj
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4.9~
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4.01
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J. 17
),82
4.49
OJ .61
5.61
5.89
5.87
b.U4
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'J.17
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(; .&':f
5.6a
6.10
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b. I i
5.47
6.5 I
6.7 J.
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7. II
50.61
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b.4,)
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1.~2
6.07
5 .4~
6.1'
8.60;
7.37
6.76
6. 2~
7.:17
6.91
6.82
6.61
7. II
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19.67
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6.40
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18.21
16.80
7.98
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9.90
11.14
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15.51
18 .96
17.69
22.53
28.1)
23.90
27.27
29.9.
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4.97
6.12
7.51
6.78
5.29
4.87
4.91
6. 7~
7.70
7.82
8.1,
6.56
1l.71
15.27
18.A5
15.21
17.61
20 .~7
21.92
16.n2
18. l7
24.81
22.06
11.60
11.60
16.00
20.19
26.42
24.14
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10.11
11.04
10.85
11.59
12.94
14 .14
15.89
I7.B6
16.8B
19.11
20.10
17 .S5
16.75
19.39
24.50
21.56
11.29
14 .10
18.51
22.9)
24.95
19.52
20.46
4.B8
4.14
4.94
10.1)
7.65
0.36
6.35
8.n
9.B9
10.72
8.10
1.60
0j.21
:! .110
4.UI)
5. , .
7.15
8.,1
5.48
4.70
".21)
1.61
10.B5
10.95
9.94
11.90
12.77
1).60
16.11
IB.41
16.41
16.81
21.89
16.B7
17.06
20.51
23.26
21.76
13.88
14.>9
16.48
S.82
4.92
B.59
6.21
8. )4
7.B9
8.51
10.0)
9. )6
8.91
8.42
10.65
10.94
10.B4
11.92
12.99
lS.09
17.11
16.37
16.70
20.05
20.B7
14 .82
II.n
21.77
21.41
16.16
1).51
14 .91
19.27
21.59
24.29
23.41
20.03
27.69
19.42
30.45
10 .05
25.44
)0. )4
JO .17
18.80
"0.5a
19.~9
1l.22
40.92
43.0S
41.n
47.20
~O. 35
S6.56
64.42
71.49
6S.20
73.60
83.>3
71.16
68.20
80.04
95.91
81.54
54.28
57. ~~
70.28
89 .9~
100.93
<Jb.7.
86.64
TOTAL F'O" PEiUOll
1.84
1.17
J. •
l.64
1.IH
J.l'>
l.UO
) .~~
1.11
lo06
2.71
1.51
1.56
J.~ 1
4.07
4.10
5.18
5.61
5.19
6.78
7.42
4.51
B .91
6.49
6.18
0.29
7.42
lD.ll
L90
9.1l
IN CUMRt:NT OOLI.. AHS J
1. ,9
1. 2')
4.46
16.fil)
".:.!..11i
f.,r)
6.19
B .11
8.46
1.84
1.21
4.4 I
Ltl.
4.71
".2S
1.66
1.41
l.i';
J. r,l.
30 27
J.H'i
1. 9'1
14.1 ~
')."'9
6. ~l
7. 51
6.B 1
7. 16
4.4>
4.97
5.46
5. )0
U .~2
(, .82
1.lil
4.27
6.51
tI.34
7.85
7.40
2.92
2.60
2 .92
J. 75
l."~
8.0,
6.65
5.44
1.>7
TOI"AL F'OR PERIOD
1. .,;,z
0.10
J.71
).n
l.l.,
).11"
1.110
~ .1)4
1.0]
2.7"
().10
J.411
1. 1.,
l.6'1
U .~f1
2.88
1.76
2.17
7.06
l.r,..!
lJ.n
1.2A
1.1I
2.01
8.92
,LtJ6
(, .28
5.69
7.81
l.O'J
7.91
4.07
4.83
6.BO
7.46
).";')
11.1i8
1 L]~
9
14.6 I
l".H
1. 41
2.71
l.6)
.l. ')0
~." J
4!."1
J:.16
,loU
.l • .l,)
I.IJ
J.20
J.45
1.64
4.20
4.7')
').49
6.79
6.09
7.71
9 .111
7. IJe
1).19
11.07
11.02
1').111
12.'d
1~. 'l'l
,:0. LIJ
"i.4.117
.!',.I6
4!') .117
1..7l
3.73
4.2M
4.19
5. 'i 1
6.20
6.1'
Q.29
[J .34
7.04
H.49
10.65
14.41
14.'ft
ll.'ll
1(, .~I:I
lu.21
.l7.',2
.!4.7'J
i.') .Ub
~o
.L 7 2
... 1)0
4. ')ll
2.8 J
2.14
2.4U
1.45
) .50
9. :.1")
10.98
14.')';
11. "; 1
l:l..76
14 .11
1.1.04
lb.ll
16.49
1'~ .Ub
,.!r,. ;4
20.1J6
",.7J
.l7.61
n . .l6
.W.l"
Lb.77
11.'9
25.18
27.011
26.41
26.17
27.9.:i!
35.22
"i.7'1
31.8'
4)."
49.)5
til. }O
81.'11
78. ]9
5.27
3.B)
5.99
10.S5
7.64
7.93
B.58
4.Bl
4.50
8.43
8.09
7.69
1.80
7."6
1.20
]0.82
6.01
8.72
10.56
9.57
B.26
6.61
9.45
10.17
9.02
9.02
10.46
10.26
10.59
12.21
14 .OB
15.14
19.65
18.40
7.08
10.10
10.71
B.52
B.95
10.29
10.0)
10.66
11.81
!l.14
15.06
16.78
18.48
18.81
26.05
36.64
41. 3)
31 .83
l4.11
41.11
40.62
41.2a
45.11
'9.49
56.74
6) .19
24.tf,
26.02
98.19
27.51
H.BI
26.60
24.05
109.24
98.19
43.4"
"2.26
44.44
5~."O
64.70
76. )0
71.72
4.87
4.11
H.74
10.9S
26 ••n
1~.81
16.S8
18.10
1&.10
1l.56
7S.
3~
71.70
,1.1.28
106.~9
1
19.17
32.B4
42.86
Ill.Y8
41.37
43.17
l7.12
1I."
40.40
49.01
56.00
71.99
7>.68
77.6)
49.70
SB.2l
76.19
79.17
80.47
15".9"Jt
llb.77
157.84
1~6.6~
218.98
276.18
1I 1.06
J08.21
o.
NOH:
I.,n!t'~ .. ot'le,"",'''~ note(l, tl"l'''H~ s('rip., contctln rp . . . i<;10no:; bt"l}lnninr] with 19RO.
1<; oJ lnfl/l"Iqhte.j ~pr: ..... u'i.>d by DerWHt,lC1n, it ;"'I~'" nnt be "f'r!l'(!rl'Jled without written re-rm;ss;on from McGraw-Hill
'.,,<,t ..rT: CQI"!I[:"llly.' W. ;lQ:1']1":' ~Ij .... ls,on. 7p"t" ha'le tJt~en conyert,~,j to metric units by thE- Bureau of lcanorr.1c
)Thi'> ,I;'rie ... conl.dins reV',>lOns be:Jlnninq with 197R,
:nror~,~tlon
Ar1alj".,,>,
98
r,
11.04
,. '>a
5.0"
6.64
6.21
5. J8
.l.67
1.19
l4.47
11."1"
11 • ~ ft
'T"'~s
15,59
2.1111
~ • .l4
1..7 i.
'}.21
ll.Cf'j
14.27
12 ... ~
•••
1971. ••
U174. ••
1'J7'} •••
1')76 •••
1':177 •••
lIJ7u •••
l'JI", •••
26.»2
2».61
)'11
4.06
4.l4
],81
2.S7
1.li7
3. ')8
).)4
lollS
4.R4
2.02
I. 76
2.94
2. 2B
2.05
~'OR Pl,Atrr AND EQUI P"'ENT
(81 LI.lONS Of OOLLARS)
1951 ...
1».6I
J.24
2.1;1
J .47
1.611
2.17
l.a2
2.60
1.0,
1. )9
2.46
2.66
2.18
I. 96
1.51
10. CONTRAc'rs AND ORDERS
1949 •••
1,.»1
1. 12
1.09
J.6'J
I,«»...
17.22
1.14
2.16
2.92
3.06
2.21
2.94
1.4'1
(IV.II(H 1982)
c.
Historical Data for Selected SerIes-Continued
Year
Jan.
I Feb. I Mar.
I May I June
Apr.
II.
NUfllH~H
U>·
July
Nt:"" liUSINt.;SS
I Aug. I Sept.
I Nov. I Dec.
Oct.
IQ
I IIQ I III Q I IV Q
l~lI(111Ut:H)
<5. ttl5t0sic2l D«t2 tos 5slsct«l sssiszâdontinueci
1948 •••
1949 •••
^«n, feb, X«s ^ps, U«« ^une 1u>> ^uz, 8«p!
llc!
Xn«, Dec
» y >!! y >V y
^nnu«>
»940.
1949.
1950.
1951.
1952.
1951.
1954.
1955.
1955.
1957.
195».
1959.
8, H9
9, )96
" ,826
t],21,)
6,879
8 .lJ~
7,OU2
I,S I •••
190;2 •••
19')1 . . .
7,,,ao
1,lU
fir 791
,n7U
6,1JJ]
1.148
~.
)04
8,1"; 1
J.6U
",61U
11,902
11,f),20
LL,ll)O
11.04'
16,34&
16, ')6 1
1 ],607
1),':)]7
OJ,
19';11 •••
V«l
a.H9
9,180
., ,OIl
7,8 )0
7.214
19;4 ...
1')5S •••
1'l56 •••
1 ~57 •••
l~"'d
•••
I.S . . . .
l'JbU •••
19D1 •••
1961 •••
11;16J •••
UU •••
1'16';, •••
1'J6b •••
1967 •••
1'161.1 •••
1969 •••
1910 •••
I'Pl •••
11)"':' l • ••
1911 . . .
1 q74 •••
19"'J •••
197fJ •••
197~ •••
! ')111 •••
1911J •••
1')1;0 •••
1').1 1. ••
1 ~J.: •••
1,),"''.:1'1
14,9L4
1"l,911j
Ib.7tJ4
18.0U7
16.70 J
IH ,I}~ 1
H,11;4
2~. 191;
21. • ..," J
2..,.270
21,7('6
1(.,. S 11
14. :'lOq
1 1} , 't1 ,
14" \ 1
1_,414
4 l. ~4 1
44,2 it)
4". r) I')
7,016
11.041
12,44')
11. ]'Jio)
II ,04'J
lb.2,)'>
1'J,274
14,r,7U
1 '), 1');.1
1'j, J9U
16,1.i6
16. :j')4
17 ,4">1
15,901
103 .041
l1,\I],)
1. ~. ')""
21,0 !4
ol .... f)1i4
.211. lSi
27,Ol)f,
H.IJll
2,•• 77'1.
;J
7,f"'J
tI,') t4
'1.27&
11 ,21')
11,rUJ8
11, ')U1
10.6.1&
lb •• 04
IS .lijU
L'l. J.o
IS.37l
IS.IU>
lib, LJi
16.l.Ib4
17.1l')7
Ib.7bU
lU .flb .I
.21.21)2
11.FIl'J
.U.!i14
1.",1; JIl
.!U.'ll.!
.!':t,011
U,.7f)1J
10 .~nl;
14,0; 2'.1
)').'):!')
4 1.401
4,t.2411
49.41 J
1~,)
LL ,1;79
11,1)'11
11,167
11.,)42
16, ,)4t1
l'J,.2 jj
14 .~'):]
1'>,61U
1,). ')bJ
1'1. 'Jl7
17,1 Jl
17,.26&
1b.244
Itt.')4ij
22.IJ/i]
11.14h
2~. !J,ll
.If),.!Jl
.lrl .9"4
.l(",4c)O
2"'. 0 7It
1l.~44
11.,1'11)
' .... 0 U~
19.434
42.11 14
4 ... P ....
47.1Ufr,
17,!i4'.'
'\,29')
4 ~, J ""}
47. 'J7'}
Ii,Ol;4
7,006
8.40J
6.84U
1.441
iJ. JlII)
9,I'd
ll, SH
12,24.,
11,ll}IJ
11. ",l
Ib,;l'jb
1,),17b
l').~'UJ
1'l • .24'1
lS,f),JL
16.47 J
Lib,
..,uu
16.644
17.6,0
Iii. 7.! J
J, i .11K
21.:] 74
J. i ,,)',0
i".270
J. H• .2 ~16
J.l.'jb.l
26.11 J.l
,LI.7,14
1 ..... 2'16
JIJ.O'I'J
44.117
4'2.,7111
4!j .':11)7
lU. C'Jrl'I',(,,,,:l'S
I~Nll
UklJl.lb
8,11,'J
6.87'1
7,0')7
7,898
B.194
6. ~')'J
7 ,lUO
jo).60'>
9.4 jfl
12,n 72
1 l, 99'1
II, 7)~
11.U L!
1'),21)4
l':l.b 1U
1'),4 Jl
1-1,':)47
1">,I)Jb
16, .ltJ2
17.017
lib • ..,71
17.1'J'}
111 ,:1 19
.l j, 4 j'j
~ I, 796
.!4.4H
lll, 17 r,
n.9Q9
2.,.7U,>
.l1,. )1)7
)1.4ill
16,r,'J4
J9. )160
44 • ..,04
40, fi"d
,,~. 17'2.
1951.
1954.
1955.
1955.
1957.
195».
1959.
197».
1971.
1~4u
•••
1~~Ij •••
J ~50 •••
1'.1:'1 •••
1 ~S, •••
1'J~d •••
l':b4 •••
l'J':.'.J •••
19Sb. ••
19')7 •••
1 'J'jJ •••
1').,'1 •••
19M1 ...
19_1. ••
I 'Jil2 •••
19111 •••
1972.
1·J64 • ••
1971.
I'Jfao; •••
19111) •••
1974.
1 '167 •••
1')611 •••
1 ~b'J •••
I) .u')
4.l:!
4.7!1
".'J?
~.4u
... lIJ
".11 7
4.14
4.4l
J.,J ..
i. t',
1.41
, ... .l
".Jll
4. ~O
] .hlJ
J.I)I)
}.u
J.L'I
4.lll
4.41
4.'ll)
4.96
1.f;7
4. It
4.47
4. ~ ..
5.10
S.21
S.ftl
11.4"
a .04
').IJ':I
4. 'l4
4.9.l
4.1b
I).O)t
4.17
3.ft~
t.l;)J
r).O:j
4. l~
4 • .-,',
4.72
4.41)
'1.11)
o;.oltJ
4. r,'1
J.1l
4 ,ftc,
4.72
4.14
4.'H
'i. 11)
'j .AI)
'i.ijIJ
6.Il'i
U.14
ft.')7
11. J4
'J.2'J
3.f;1
11.2t.,
(J.7u
111.".)
:.J. 7.l
:.J .IJO
i.17
l.',01
S.l.,
~.II
~.
14
1.81
4. l~
4.17
".74
4 • ~I'"
5.0';
't.2.!
't .4f)
7.49
~.S I
'I. \ 7
In .411
1975.
1975.
197?.
197».
I»?,.
190».
1901.
19,2.
FUI<
PLlt,rn'
(lUI ... IIJ".1b Of
1952.
1 ~7ll •••
1'171 •••
1 ... 7.:! •••
1'J1J •••
1'1,4 •••
1'17'" •••
1916 . . .
1'J7' •••
197'j •••
197'J •••
1 'JdO •••
\!l.U
ft.'):]
J.tl"
J. .1t,
1.1"
ft.')')
':1.24
10 • .,Q
9.71
1).2:1
Ii.lli)
.... H
11.11)
1.l.a4
10.1 J
10.4ij
11.4':1
11. rl
11.07
·J.I'1
10. Jil
1 L. t~
14. i J
l.l.IHI
1').00
1 S. lH
1~.IJ'J
11.4;
'.47
i. 'I J
t .41
4.11
4. '14
"'.1"
-;.IH
I-o.:Jl
7.:11
7.lS
Il.14
'I.'l]
'1.1r,
'J.27
101.04
L 1 .6'1
U.12
'J.U J
" • .:!II
'1.U'"
11.1.:
11.4"
111.2 J
lU.77
11.lfl
11.0 I
U.":j
lu .91J
L J. ol4
IJ.lU
U.9l
1,).0;)
11.1J
l.ilJ
2.4 J
4. !IJ
7. ')i
4.01
4. ~I'J
1.0
4. <Ii
..... 1'J
1.1J1J
1.LI
1ll.IJ6
li.llJ
1 J ,1.7
1U .fl4
oj. 77
Il.H
14.4 J
14.~ •
U.2u
TOTAL YOM PF.KIOD
a.110
1951.
... ,.,u
6,711b
1,6a)
U. '')7
'J. 77 l
11,fi',')
11 ,a'Jl
11,60b
12 .SU~
l'),"':I;J
l..,.tI.lU
l'),4'}.2
11),171
IS.4 1I
16. ""Ju
IIb.1J44
16,U74
16. lOU
1').407
.l J,
.n ••tl4
24.1;77
.l6,7ij')
J.1, 41]
1.7.7':10
.28.I;.-,rl
1l.,1l1
Jf...Jt 74
411.1 r t 2
4 ... S 11
4J,.,ll
j.,,,
1~IJ"';ll'\{t,:a
ul)LI,'\,(.~)
7, 4~)
7,40 J
., ,1)92
1.41.
1,lHJ
7.fjiJ4
6,880
I";
6.'S<
8.2')9
a.18S
~,JtJl
lO,OtS~
ll, 'it7.l
11.101
II. S91
11,644
l'i,tl11
1~,l L4
1 '),l71
1'1, U':I&
1., .O'JJ
150 .b'Ji
1&,9Ul
1&.UJ
11,968
11,19)
11,11 ...
IJ,If;]
1'), 7.c!~
b,112
1~. 4Ui
1'j • .l4'.:f
1; •• ~~
Ib,94U
17.1 Jb
1.,.7t)4
17.01:)
i~. ')J2
i'!' • ..,94
1.1.131
:d)
.o.,~
I ')
11.614
I'J,'J47
22.A 71
11.7'Jb
i'l,n 12
2fi. H,.,
lfl ."IJ'J
2l1.4tJs
27,!nO
)I,ll)l
JIi.ltJl'J
41.'10'"
41.fI J4
44.2')',
"
J.I,,,n
27 .16:J
.llio • .l40
~6. III
lU.l')')
\l,921
J7,271
41,'l"d
'14.17 J
4~.74b
.hd
".Ij',
'l.I),
4.'d
1. S4
1. ib
4.71i
S.12
4. It
1.92
4.1')
4. I)"
4.,).,
4.H
'l.12
h. S2
6.60
7.7tt
7.4,)
ij.'ll
1n .O'l
4. 7'1
4.6 "
4.lu
4.h L
4.1;J
J .b4
J.51
4.7 J
J."'l
4.'Itl
'1.06
".1));1
... 2 ~
4.10
4. II
4 .. .2 IJ
4. S'I
4.'1,.:
4.'L.!
5.40
j .'J7
':1.71
4 • .l1
J.1H
Ij • .ll
".71)
J.BS
4. l\
4.ln
4.flt,
4. S9
4.n 7
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ft.lIJ
Ii. ';.;
6.26
7.1.l
1.77
7. 'jlj
tJ.';l
'J.')')
J..'IJ
.1..,JI
.. • 9i
... 41
9.U ')
~ ,32
.1.1
':1.0')
U.lh.l
U • .,.,
LJ .:u
'J .67
ll."''''
Il.)6
lU.7ij
10 .114
li.f, J
14.14
1'.69
IJ .4'
14.6"
14 .')'1
101, a '.:Ii
1&, i7'J
lb.7.W
lb. 'I'}4
16,:.! Jl
11,6')4
ll,:J':IJ
J,4. J.f,J
ll,712
25, 1'l6
27, ',2')
26, ij; 1')9
2':1,404
19.1l7')
'l.lI,O
iB .1.11
41.411
4'), i'JS
41).94'"
'J.5')
U.6:.1
14. i 1
1l.l,)1
J. J,6b'J
b,JdJ
1,),U j';)
lb, 0]')
~.t)1
tJ . l l
"1.17
li.l J
U,92~
').,,;j
10.47
11.<1
7,f;'l'J
7,O,)'J
7,176
6.9.S
3.141
11,698
10,' ]U
11 ,66t1
1.17
IJ.J'J
10.4"
1l.l6
li.61
11. ]U
14.7.l
II. II
7, 1j)2
}. 1 1
I.l':f
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'J .41
u.n
7,41:41
(J
1.119
J,26')
8. SS.
11.212
11,761
1l,lIJ6
10.7aU
14, ")'1'.1
1"',6':)5
14,264
16.149
14. ,;1
lS,7'j'}
16. uIJ4
17,606
11b.20b
17,'*SU
iiJ ,ijljO
i 1,12'"
.lol ,117
<~. S 10
2&.2.14
.l6,7111
2';. ':ISO;
lU. I; 14
JJ. 1d]
18. I,ll]
41.4:n
..... 'i40
4h,1">0
1,OIj"
26,0')0
24,1)7U
7.7t1D
.lO.6~'!I
7,Oll7
1.181
a.096
D, 1j'.:l6
II. ~04
11. StiO
11,1]9
lu,7OJI
1~. 'it77
1';,'J'J'J
14,097
1'), d:.Jl
14,IJU5
lS.ij61
17.0;,n
17,61')
16,l)aJ
lU .llU
20, "
24. UJJ
21.167
;H,64l
2:', lD..,
26,7 jU
3~, 414
35,661
33,'J7&
H, 1)J
49,149
47,068
42,1) 1'>
47,on
45.877
J~.
61.
21.,4:..14
:.!.l,27.l
l'l.1; I4
.l7 ,6':19
24. rpJl
2S,OOJ
2oj • .2a2
11.124
38,900
4.l. 17~
4J .c:.bJ
41 •• 40
48.21h
SO.7fj')
Sl,M04
4a. c
H4
54,li40
6';, Sljl
6";, ')til
56.4'\0
1". SHI)
S;. ' l l
ao.o~s
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,0. las
10J.111
IlJ.6oj,)
11.7. j'"b
1 Jl, 764
141.6:t4
..
lJ,090
.l1,71J0
J.,l. ,674
,.!O,bd'J
.ll,64U
.lU ,.:ttl
.l4,OU7
l~,'J24
l':J, 4 ',,7
~7
2"'.7
Lt.929
,tl7U
j'j
U,I:IOU
j'),I'.1':1
lb, 1 II
J4.11)'.J
14,420
48.104
46,086
46,OS6
45. ';1;4
46, ';2]
4u ,JIB'
50,261
5:1.27ft
'i2,lft6
')6,22';
69,811)
I;S,49'1
71,2,;r,
7'J,01,)
94,807
a2,41J
1OJ.647
'.Jl,Ol2
1U6,4111
1 ut .'5004
131,2ll
1.l'), 'j'JU
147,':Ja.l
}4,7'H
J4,5'J7
40,OUI
47,1'19
46.0S4
46,171
4';,476
47,211
4!j,190
~O.8"1
4U,lOl
51,792
r)9,916
6B,311
6S,t;91
7J, Hl
aO.12i
UO.406
SU. S9U
tl4,O.l4
94.20;'1
11l,12,;)
122,112
1 jL, )20
llJ,61l
21,'4"
9,>,4b.t
:l.2,91~
a6.162
'H,021S
UJ,77'J
'I2,91J1
lU.I:,620
117,tlHS
140.416
!to,7'JJ
llS,75U
IS1,47'J
191,489
182,604
18],121
182,a9S
187,514
196,866
204.116
200,285
206,762
2] J,40)
271.994
l61. aOI
207,547
J 11 ,444
)l'j,13)
319,00J
n6.282
314,ll3
4)7,390
4 7~, 9S0
~24, 296
'»)1, '50 IV
21,24l
;H,29r;
:if.
7u~
2~,11-;'0
3], ~4b
14,969
14.2S0
)i,a lU
4) ,a4S
47,011
4J.396
4t1,06,)
44, a 28
47,901
C)0,SS3
';:.!,22';
49,022
') J. 11 SO
62,602
69.192
66,201
16.S00
81,462
78,401i
7!J,96.l
Bb.9'JS
9".461
Ib,421
12~.019
IJJ, J9a
140,'5035
TarAL fOR PERIOU
".1)')
J.7"
... !i4
4.';0
4.1, 7
4 .... f)
S .1S
fI.12
6. :IJ
U.1l
1.14
'J.71
1, J4'J
1'Jli LlUl.I.I\I::~ I
1.42
i.4.,
i. :j-.l
i
Annual
IN~ORI~RATIONS
1.40
9.01
11.04
U.4 <
~. 'lq
10.'J:;
Ii .4a
Il.H
'J.2<;
11.~6
I J. 21
l'J.\l
14.16
IJ .84
LiS
... 4~
4.IJO
4.':)b
4.16
3.'11)
".La
4.11}
4.<;.2
4.71)
4.91
I) .lia
r,. Jl
1.12
7.66
1. SO
10.11 1
'J.a",
7.41l
tI ..... b
lU .1)1
IS.",J
11. 71
~. 16
11.a4
11.1J'1
1& .1')
Il.aa
Ii .96
j.Ll
J. L~
4.'10
".4..!
].9'1
J.a4
J .69
'l.14
5. )'J
j .~4
4.01
4.42
4.n
;.02
'6.0S
".14
6.16
6.'J'
7.Sa
7.4'J
'J.2l
".74
IS.')I)
'J.4 J
10 .1t4
I. j . 76
10 .~S
' j . L7
11.2"
lJ:.11
1') .41)
1;.n
14 .45
J .O·J
L.U"
'" ...H
01.77
4.3U
j ....J
10.2B
U .01
9.n
17.12
12.n4
14.D1
10.lB
lJ.S1
IS.DO
)5.02
\1.11
11.'0
13.1.
J.IJ.l
;.20
').04
j.75
1.94
4.66
4.71
4.60
S.Sl
6.10
6.8S
1.46
7.54
1.6S
10.ll
IS.41
11.66
H.61
23.16
2U.6'
21J.75
IJ.RU
Jl.0U
9.2'J
'1.71)
11.IUJ
lJ .Or,
lI.ll
tI.71]
11.41
11.S0
11.') 1
1~ .07
14 .16
1l.6~
1~.0'J
~9.00
27.ll
2~.24
34.~1
19.01
28.~>
11.16
10.94
1.46
11.66
17.96
12.84
12.91
9.82
14.06
IS.66
11.28
11.12
lJ .96
14.00
ll.ll
14 .91
16.4tS
lij .1S
lU.24
9.14
8.06
16.18
11.11
14 .S4
12.21
10.81
14.91
14 .82
12.17
12.40
14 .00
11.8S
14.18
14 •• '
16.21
lil.S6
lO .SI
:.t:l.ojO
2.4.')9
ll.61
it).44
H.9S
2S .81
28.0'
10.16
16. J1
11.80
lI.ll
1I.80
ll.ll
2ij.69
JO.all
2S.12
26.u6
J\ .12
11.62
10.61
29.ao
14.SJ
11.11
44.09
42.S1
41.92
1J.3~
J1.4~
40.1';
40.'9
42.6S
40.14
44.20
18 .8~
1, ]21
1.16a
1,;Jf)a
1,6oJl
1.461
1.40J
1, J95
1.1ul
1,4:l'j
1,164
1,120
1,648
1, j')7
1,240
1.161
1,411
1.641
1,406
1.381
1 ,DB 2
1,41)';
1,618
1,2111
1,826
2.4nt;
'1,178
1.586
971)
1,442
1.844
I,H2'.:f
1,666
1,2jl
1, j~9
1,464
1.1I1
2,011
1,171
1.191
1.414
1,44U
1.114
1. )6':1
1,165
1.194
1.-;)0
1.269
1,259
1,470
1,619
1.4f1U
1.46U
1.210
1,214
1.4'; ....
I, S4';
1.111
:2,010
2,241
2.119
1, r; 15
1,071
1,4sn
1.91'.1
4.,114
1.846
1,0',,<:'
1,11.1
9.17
8.91
IS.0 1
ll.60
ll.02
11.82
Il.U
lS.S9
I~.I~
1l.U
12.19
11.18
IJ.S6
14.12
IS.81
11.8J
19.92
21.S1
42.7'J
12.64
30.IS
29.47
2S .19
l..1.71J
12.41
40.49
lJ.S I
21.21
14.H
11.86
45.68
44.10
42.11
40. Jl
12.46
1j2.79
6:".1';
Sl.24
S I.O~
42.62
S8.1S
60.61
S2.l\
47.04
SS.12
54.60
SS.49
60.54
6S.9S
14.09
ijl.n
94.61
U7.21
IIS.01
lH.ll
10S.12
109.U7
121.93
In.99
14 •• 01
116.89
112.21
146.21
\70.86
lUO.SO
16S.S9
1 •• 1 . . .
19U"! •••
lij •
9, 100
Nf:~
tJIU'JATt-: HUUSING UNITS STAKTt:D, TO'I'AL
(ANNI)AL RI,Tt-:, TtlOU5AN()S)
AVERAGr. fOR PERIOD
7,012
7,01»
7,214
?,»»»
0,104
0,510
!1.902
11,52»
11,25»
II,«42
15^551
11.50?
15,599
14,924
15,99,
15,704
10,»0?
I5,?0i
10,051
21,154
22,195
22,55,
1948 •••
1949 . . .
19;0 •••
1')') l. ••
I ?~l. ••
19~1 ...
19S4 . . .
I?~S ...
19S6 •••
19",7 •••
l'J';,u •••
1')~'J •••
196~ •••
1'.161 •••
l'JlJl. •••
1';16 J •••
19b4 •••
1'16'1 •••
1 '166 •••
I'J01 •••
1 '.Jbd •••
196 . . . .
1970 •••
1971. ••
1'l7;!: ...
1 '17 J •••
1 'J'74 •••
1 'J1') •••
HP6 •••
1"'1? ••
1 97U •••
1'179 •••
l'}uO •••
l'H.ll •••
1'J1.2 •••
I.IOS
1.196
1 ,all)
l,<f2M
i, \fIS
l.4.4
1,1';:)
\.7";1
1,441
1,1')1
1,17U
l.6~1
\ ,4flU
l,UJ
1.161
1, icl4
l,bll J
I, J61
1, )70
1,nfl7
1. lUO
i.H,'"
I,OIiI)
1." 28
'l,494
1,481
1.4SI
l,Ole!
1.1f17
1, 'l:ol7
i,713
\.'dn
1.1\'1
1,,:>ljr,
1,21)0
1,117
1,2i&
1. 27~
1,4<)6
1,d.W
1.4H
1, J7\.1
1. Ii J
1.'>,.!O
1.7IJ,)
1.)0)
l.741
2,190
l,17'J
1,171
l,97fj
1,4')1
1,401
1, ')06
1.411
1.fi34
1.401
1,17 j
1.1n"
1.6iu
1,IUI)
I, III
1,44 J
1.:; J4
1,')17
1. 4i J
I, j94
1.0')6
1, 46&
I, ')61
1. It.
\. ':I 10
2.114
1. so I
1,2':12
! .Q4r:..
1.1'j2
1.412
1.4':Jl.J
l.4 Jl
1.7flU
1.4 1}1j
1.147
1.1')4
1 • ..,~o
1.11l'f
1, \hh
1. "4
1."d'l
1,44tf
1.418
1.i ... ..:;
2.7.IJQ
1. 7'~ 1
2.16 r)
1, S 'J ~J
l.OBcI
'J04
1 ..... JU
1. 'J4 I
1.711J
I • ~) :.!r)
1, 1'1&
1 • .l'l4
l. 4 21
2.061
l, f)]2
I.!'!47
1,"fi l )
1,11a
L~14
\ ,I, \8
1. ~ 16
1.4"0
1,4\1
1. "64
1.444
I.UIJ
1.101
1,6.,7
1,
'ill)
I)')]
1.4~0
1, H')
2,n"l2
1,1 c,C)
1.4flij
1.42')
1.41l
1.7 III
1. )7,>
1,174
1, \'Jl
1.4'JU
1,,01
l,1.2a
L4U]
1.ft41
1,467
1.47U
1, l6 r)
1, u'Jl
I. StJ4
1."'')4
1, ';l4
1.2b4
1.40ti
1.'>0]
l,l'JO
J: .1149
1. i i1
l •.nl6
1,4 i6
1,121
1 • 4 ~,Ij
I. "171
l, :17'j
l, ,,,,,
'Jl'J
I,ll.!
1,9J:1h
1.,249
1,'11)7
1,f)1)'j
1.19'i
1. Q"2
2,1"1;
1.74t)
1.1110
I.lfll
1.441
1.141
.2.042
1.4l9
l, P; J
1, lOa
1.498
1,704
1,125
L,11,)
1.2 )b
I, ')0 1
1. l47
1, jOi
1.4U4
1.'.lll<J
1.'l'lU
1.4t111
L,11:14
1. 14:.!
1,41l',
1, ');,w
1.)tt">
2.1) ,h
.2.21)4
l,061
I.
')1
J
l,OH 7
1.41J'i
1.~9
J
.! ,IliO
1.'11
1.196
1,:14h
1,419
1.134
1.OS I
1.2,1
1.4 JO
1.14h
I.r,c,'j
1.61.1
1,2!J'J
1,1,*1
1.1 J7
1. ')47
1, 1~?
1,1)')
1.4 r)0
1.& 14
l,o:.61
1,I):ol1J
1.\Jtjft
1. H,4
1. S 1,
1.1bll
1, I) 17
l. 01: J
1.,25i
1..l..H
1.116
l.lll,
1,401
2.f) ':';\
2. rPJ2
1,7',0
1,l7J
1, ]29
1, ')00
2,IH
1.134
1.44J
1. ]24
1,')f.)
1,1;2')
I,ll)
1.19 J
1,174
1.4 to
1,144
1.11 l
1.'117
1.l,j'J
1.I)b'J
1." Ii
1,119
1,41.17
1.495
I, ,'>U
1, J9'1
1..1 ')d
l,lUl
2. (l'j 1
l,14.l
1,1(1)
1. 'i ')1)
l.OlO
1.996
1.77U
1,411J
Unless otherwhe noted. these series cant41n revisions beginning with )1)71),
'This serles contains revistons beginning with 1978.
NOTE:
1.30]
1.601
1.1J21
1.4')&
1.481
1. ]4U
1.613
1. ')110
1.214
1.191
1.41)1
I. '40
1,0')7
1,4i'J
1.1i4
1,7\,)
1,4')')
1.4di
1.04b
1,4:i1
1.1)'1&
1, ')07
1.514
l.041
l,4'jJ.
1, 1)74
1.1',0
1,264
1.120
1. (4 1
)
1.970
1.:112
1,46.1
1.190
1,662
1.60S
1,lU6
l, lj
L,
11
)to!
1," lu
1,440
l,lJ,b
1.104
1.41.l
1,31)5
1.246
1.41S
I., II
1.17'1
1, ,).l"
1,4'J2
J4j
1,491
1. "'6~
1,JlU
1. 'l!::lO
.l.l.llj
J.,4H'l
1. fj '/7
1.070
1.444
I, ti29
J,042
1. 'J:11
1.FilJi
1, ')04
1.1'16
1,185
1, ';61
1.124
1,47'j
1.10]
1,110
1,414
1,212
1.162
1,')91
1,416
1,24b
1. )a~
1.6l1
1.611
l,4Ub
1.4&U
.61
1,'1IU
1,6 to
I.ll':l
1,1l47
2, L82
.l,421
1,7l4
! ,Oib
1, jl)O
1.~41
1. ,042
J: .1)')4
1, ,).!4
1.S j9
1,210
1,824
1,':100
1,] 10
1,476
1, )4)
I. )01
L,411
l,U4
1,146
1.I],*U
1,6tlL
1,0ld
1, )6')
1,1)64
1,4'Jl
1,4U4
1.6">b
'J'JU
I.IUU
1. ,)4U
1.127
1,d1jJ
l,2':fS
1..166
1, ,).l6
91S
1.1<1
1.804
i.142
ol.044
1.41:fU
1.4 ',7
1, )1)0
1,41)6
1,990
1,34')
1,4'50')
I. ll9
1,sHO
l,bll
1.219
1,192
1, ]07
1,506
1,211
I, )59
1,4 ]0
1,672
1,1)29
1.481
1,Ott4
1, ]97
I.S21
1,411
1,4Ml
2,094
2,372
2,016
1,20]
1,2S0
I, 'j1j7
2.009
2,U 19
1.790
1, ]U5
1.201
1 1S1
1.6iJ,)
1,347
1,48U
1, 1~6
1,716
1.4~2
1,221
1,171
1. SS4
1 ,4~7
1,lB'50
1.3Sij
1.51)
1,631
1,49B
1,'5023
911
1,446
1. S82
1,312
1,107
2.20.l
2,424
1,642
1.024
1,342
1.6'1
2.01S
2.040
1,5&U
1,S.UU
1, ]44
1,4 ]0
1.908
1,42U
1.446
1,40.l
1,51.l
1.6:.t:7
1, )25
1.11S
l.ll4
1,517
1,2S2
1,11J
1.461
1,60)
1,529
1,471
1,165
1.292
1.S08
1,467
1,4 ]4
2,0~2
2,157
2,04,
1, )]8
1,160
1.5]8
1.987
2,Oi"
1,74)
1,292
(MARCH 1982)
25,2?»
27.795
25.5!!
2«,«09
29,«!!
14,11!
99
C. Historical Data for Selected Series-Continued
Year
Jan.
I
Feb.
I
Mar.
Apr.
I May I June
July
TAug. TSept.
Oct.
TNov. I Dec.
IQ
33. NET CHANG£:.: IN MORTGAGE; DEBT HELl) BY FINANCIAL INS'l'I'l'UTIONS AND L I [<'1:.
INSURANO; CUMPANIES I
(ANNUAL f<AT t~, IHLLIONS u,' [)ULLAN.!:»)
1948 ••.
1949 •••
1950 •••
1951. ••
1952 •••
1953 •••
1954. "
1955 •.•
1956 •••
1957 ••.
1958 •••
1959 •••
1960 •••
1961. ••
1962 .••
1963 •••
1964 •.•
196:, •••
IIJ66 •••
1967 •••
1968 •••
1969 •••
1970 •••
1971. ••
1972 ...
1973 •••
1974 •••
1975 •••
1976 •••
1977 •••
1978. "
1979. "
1980 •••
1981. ..
1982 •••
...
...
...
...
...
...
...
14.40
12.24
10.03
8.88
11.14
12.73
12.12
lS.82
19.68
19.19
21.11
25.33
10.22
21.41
22.97
21.28
28.37
44.05
50.88
37.34
31.60
53.68
57.41
83.04
98.74
95.30
56.64
...
...
...
...
...
...
...
D.72
12.72
9.90
8.70
14.24
13.26
11. 74
17.00
18.98
23.45
19.30
22.25
12.20
19.67
25.16
18.98
28.55
43.06
50.35
41. 34
31. 37
53.65
64.09
85.63
83.02
67.63
61. 72
...
. ..
...
...
...
...
...
13.38
12.32
9.72
9.25
14.60
12.13
12 .06
16.79
19.54
21.86
21.10
22.3l1
11. 28
21.14
"2.2.45
15.82
30.22
45.49
53.64
43.06
28.82
55.45
68.32
91. 27
92.52
79.57
47.65
...
...
...
...
...
...
...
13.70
12.64
8.58
7.14
15.32
12.32
13.36
17.33
20.45
21.17
20.06
21. 40
13.42
20.04
23.45
16.04
30.46
44.22
50.75
46.06
30.70
48.80
79.20
89.77
78.34
54.13
56.10
...
...
'"
'"
...
...
'"
14.16
11.80
7.94
9.fj7
16.07
11. 7 2
12.84
17.6H
21.38
21.61
20.(HI
17.32
15.28
21.7"2.
19.56
17.1 ?
3:.1. .14
45.50
5U.4u
43.99
29.54
42.24
79.57
Y7.08
97.713
23.42
43. la
...
...
. ..
...
. ..
...
.. ,
14.29
11. fiU
0.50
9.0S
15.38
11.78
13. 85
17.76
21. 52
20.94
21.74
13. Jl
16. -/0
17. :'9
19. Y6
16.';d
36.02
46.31
S4.35
38.24
33.4<;1
42.01
87.96
91. 64
98.14
14.26
48.16
...
...
...
...
...
...
...
13. 99
...
...
...
...
...
...
...
12.96
11. 81
8.03
9.64
20.63
10.69
!3.57
10.81
14.7')
12.71
14.22
17.76
22.64
21. 00
21.32
11. 62
21.U7
17.26
18.13 3
17.66
12.[)B
13.86
17.47
21. 80
22.13
21. ~2
14 .O~
17.70
16.61
15. :'J
18.16
39.4<;1
42.05
~2.
:J2
3Y. ::'0
38.90
60.42
81. 71
92.28
9!.U6
48.16
j<;l. 'H.!
51.14
5).. ':16
33.66
36.76
52.0,
83.47
99.61
01.13
62.92
lIVCRAGr.
...
...
...
...
...
'"
. ..
11. h~
14.89
lu. (,13
21. B ')
21 .40
21.71
10.63
LO.66
i7.'-lL
1".30
LL. u2
40.33
49. eo
43.07
30. d2
47.76
47.99
1)3.24
138. ')6
84.42
71. 0')
...
...
...
...
...
. ..
...
11. 44
...
...
.. ,
...
...
...
12.25
10.94
13. 56
11. 69
14.21
...
7.92
...
...
...
...
. ..
...
...
11. ')0
10.38
10.42
7.97
10. So
U.27
8.11
13.12
11.08
12.10
15.43
20. '14
22.70
21. 47
21.01
10.'H
t '1.:' 7
LO.2d
It!.66
24.65
j'J .8L
511 .10
3d.l0
n .02
56.87
OJ 3. 2f3
85.28
UI:i.93
93.34
82.61
14.54
13. I 3
13.32
11. 54
10.63
16.82
19.93
22.67
2l.()4
21.77
6. <)2
10. ')8
16. ')6
19.46
20. b 2
21. (,7
21.67
8. \.l';l
21. 10
21.41
2U.U ~
Ll.74
41.1u
54.52
3Y.04
2~. 42
42.6b
67.16
ti6.60
91.09
70.9u
73.37
t~.H
.l.3.:J1;
11. 9.3
:.1.4.67
44.21)
:'u.92
33.64
22.01
49.45
61.02
93.79
BY. S 3
:'0.22
65.3')
...
. ..
...
. ..
...
...
...
...
...
. ..
. ..
...
13.50
12.43
'3088
14. OS
(L~4
13.99
12.71
11.'J7
16.54
1 '1. 40
21.50
20.50
23.32
l1.n
20.74
23.")3
l3. f)9
29.05
44.20
51.f)240.S.'}
30.flO
54.2Fi
63.27
86.65
91.43
80.83
55.34
36. NET CHANGE IN INVENTORIES ON HAND AND ON ORDER IN lC)72 DOLLARS, MOl\'l'HLY DATA
(ANNUAL RATE, BILLIONS OF DOLLARS)
1948 •••
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 •••
1900 •••
1981 •••
1902 ...
...
9.18
5.54
53.60
7.80
50.21
-2.0.14
2.65
11.89
-2.63
-23.77
11.87
-5.81
"9.74
17.14
9.14
10.32
22.43
16.72
27.53
7.38
7.25
-8.96
18.12
10.08
34.72
17.66
-42.55
7.79
13.01
23.45
31. 39
-16.86
-15.37
-0.44
-4.15
2.45
34.45
-2.11
4.91
-12.22
5.14
11.7')
-2.96
-19.46
29.99
2.02
-3.70
12.01
12.43
7.66
15.47
26.95
7.24
6.98
15.07
-0.43
12.64
8.92
30.11
13.98
-48.17
10.92
13 .84
13.54
16.85
-12.74
6.02
4.20
-4.38
7.80
36.43
14.90
-0.35
-19.33
16.00
-0.10
-':'.78
-13.50
17.8U
-10.67
-4.15
6.04
16.25
10.66
16.62
29.50
2.93
3.60
11. 54
-1.82
9.14
1.81
32.23
14.63
-36.20
15.17
16.88
38.39
16.38
1. 31
-3.79
0.78
-8.40
5.58
33.58
11. 32
10.75
-15.66
-2.88
16.40
1. 40
-12.16
17.51
-17.51
6.25
-12.50
10.42
11. 76
2.76
19.69
9.05
8.40
13 .13
7.48
-2.98
4.55
21.10
-4.56
-28.34
10.87
14.81
27.54
27.29
-4.08
3.36
0.10
-3.71
19.52
32.26
2.04
4.81
-12 .~o
8.94
7.32
-3.01
-5.15
o.
-1.6U
10. Bb
6. ~:,
6.13
9.44
12.88
25.44
-0.07
10.58
12.50
-7.04
-4.90
12.66
28.49
16.99
-20.07
10.46
11. 24
22.54
2.15
- 24.42
7.25
11.62
-10.34
13 .80
22.37
26.11
1. 91
-1:'.31
15.84
5.24
-5.02
1. 14
J.UY
-4.07
4.21
3.96
1. 74
15.11
13.10
27.35
1. 58
3.77
14.63
6.26
-10.54
10.24
20.30
18.92
-19.76
22.67
9.70
12.73
19.39
- 24.06
17.33
10.00
0.49
10.48
19.36
6.52
-11.06
-1~. 22
'::1.92
17 .O~
-9.64
~
.ou
14.93
1. 75
H. B4
6.92
2.52
11. 35
15.52
20.88
16.67
-9.37
15.19
1.78
-0.50
4.51
23.60
-5.70
-1. 26
-1.64
4.03
13.63
14.82
-6.10
-9.19
1. 78
44.21:1
12.46
-3.31
-18.29
-!J.6Y
7. '::13
lv.50
-3.47
0.28
b.64
-5.5U
8.40
J. ')5
s. <;-,
10.43
8.2U
17.12
18.32
9.44
7.90
5.24
1. 18
26.20
18.76
-15.84
5.45
-2.23
22.19
2U .09
-0.54
-7.58
36. NJ:;T CHANG!:. IN INVENTuRIES ON HAND "ND ON URDER IN 1972
(ANNUAL KATE, BILLIONS OF LJOLLAkS)
1948 ...
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 •••
...
...
-4.36
-7.03
21.65
11.10
13.66
-19.76
0.96
9.74
0.76
-13.58
9.56
6.08
-9.73
13.26
4.10
6.83
17.72
14.87
16.58
15.27
13.76
0.55
6. ~il
5.84
20.80
28.29
-22.50
5.46
8.B4
15.28
22.52
-12.58
-7.12
-1.90
-3.34
30.27
8.24
20.62
-17.68
1.85
10.45
-0.68
-15.01
14.47
2.84
-10.16
14.80
6.76
6.62
19.74
18.58
16.49
14.32
12.48
-2.14
11.88
7. 4~
25.6U
24.22
-32.96
1.10
13.13
18.2B
23. 97
-15.69
-9.33
...
-0.713
...
-2.71
1. 8 2
37.10
6.42
5.27
38.16
7.45
11.68
-16.48
7.01
8.60
-3.12
-16.98
20.83
-6.77
-3.20
6.79
12.82
9.79
14.90
24.39
9.49
6.18
12.27
-1.00
Y.78
6.02
30.0B
11. 7 2
-3~ .94
11.81
14.88
25.81
20.86
-7.30
-1. 26
19.56
-16.68
5.30
9.68
-2.82
-17.70
19.05
-1.07
-8.17
12.92
10.98
0.10
18.63
22.69
14.00
9.34
11. 94
-2.77
13 .02
7.72
29.'14
18.46
-39.95
6.84
14.6L
21.31
22.38
-12.76
-6.21
1.60
-5.57
8.12
34.46
8.73
5.09
-15.85
6.72
8.61
-2.46
-12.65
16.77
-9.34
1.89
1.01
11. 98
10.32
11.18
25.13
5.19
6.95
12.8 j
0.64
3.34
5.72
27. ~4
U.52
-34.22
12.24
14.74
27.99
17.72
-7.12
2.07
2. ~3
-6.49
11.97
31. 75
11. 2~
5.45
-1:' .29
7.33
8.76
-2.34
-7.81
9.45
-8.85
5.71
-0.18
8.52
11. 36
10.17
24.52
3. 74
7.57
12.93
o .81J
-2.U6
7.75
26.70
9.74
-28.13
13.4 "2.
').70
-6,00
13.78
27.03
12.36
2.19
-14.55
9.43
9.76
-4.05
-2.1)0
6.70
-4.54
7.54
2.71
4.78
LL .04
11. 71
24.36
4.79
4.62
13.7';1
1. 28
-7.0 b
9.14
26.5:'
liJ.26
- 20.88
12.58
13.11
10.12
25.21
15.71:1
-13.29
5.79
18.62
14.20
-17.87
-4.69
9.41
18.91
3. 66
13.13
-20.47
2.10
l.Ob
4.37
-1. 7U
13 .44
9.lJ3
2.47
U .6(,
'J. '::16
6.lI8
~9. 60
4.56
14. J3
6.04
14. ('9
15.34
-2.95
e.05
24.17
27.20
-4.18
-10.00
25.63
23. 27
16.28
-17. 'j 1
-1. 24
DuLLi~H~
5.69
-3.60
18.73
21. 36
10 .66
-5.30
-14.61
11.40
10.40
-5.97
1. 27
7.36
-1. 97
7.56
5.38
3.37
12.13
13.07
23.17
Y.13
1.47
13.3S
2.3D
-6.97
11. 3~
25.34
4.6iJ
-10.7B
b.37
10 .15
is.89
11. 67
-15.41
•
-4.93
-6.37
16. 6 ~
11.41
10.04
-23.26
L.30
1~. OJ
-1.() '3
-14.02
4.1)0
LL .67
-'). II
J. 7~
u. 7 b
11. 7 2
6.46
U .39
21. 7 3
3.16
15.67
9.24
-6.65
6.37
17.48
25.74
-7.62
2.51
-3.58
0.74
13.24
-0.58
'.) .68
~MUU'i'HUJ
100
...
...
FUR
...
...
...
...
...
...
...
13.u7
12 .04
B.34
ts .62
11.15
lS.76
11.'14
13.31:>
17. "l~
21.U
21.24
20. gq
17.14
1 ~. 1 1
19.78
20.99
16.70
32.S7
45.34
51.'33
42.7(,
31. 24
44.15
02.24
')2.83
91.42
30.60
49.15
lb. '):l
lL. 1 ':>
14 • .3 L
U.3IJ
10.71
17.97
22.10
21. >4
Ll.fJ')
12.11
19.81
17.23
17. Sf)
19.23
39.93
47.66
49.62
34. f}6
41.14
53.48
36.14
93.48
85. eo
60.71
Annual
PERIllD
. ..
...
. ..
...
...
...
...
I [). LY
LO .46
U.1.::
13.B .3
12. ')<1
11.24
J b. 27
'
."..
'"
. ..
'"
. ..
'"
12.73
11 . ';,"':
(j .60
10. ').3
14.72
1L.01
1J. 'Jd
'Ju
10.1)2
2L .OU
21.'19
21.40
8.91
20.02
21. fJ6
16. as
23. 69
41.76
54.51
36.93
24. fJ 2
4'1. f)6
60.49
g8. '16
B9.A5
71.49
7 L 7Y
21.1')
1<;1.
21.47
21.13
1:).42
16.55
19.90
1<).82
l'). ')9
J':).90
47.93
47. SO
35.70
1:3 .1&
51.14
gO .0')
')0.70
85.03
ol.41:i
AVI::RAGL I'UR PI';i<ll]D
-4. [;4
-7.li2
I'L 7 5
11. 46
-3.1 j
-10.37
-12.H6
10.10
12.24
7.49
-16.04
0.24
Ill. Y 1
U.Ol
-6.24
U.7[3
11.U 1
-1u.01]
13.1')
6.48
7.49
1 Y. 14
12. ~)2
13.56
16.88
14.14
-2.47
7.56
2.78
18.54
30.36
-20.36
-9.97
4.63
18.2J
21. 34
-10.33
-1. 7 4
19.37
1<;1.27
11. ')4
23.66
15.49
loge
7.43
b. 5 3
17.7 'j
32.82
-22.06
-11. ')6
17.12
15.50
21.41
-10.6G
-14.76
Lq
-21. 5 3
0.10
~. 3b
4.10
- L0. 6U
7 • .)1
2.99
-1. 76
16.12
1. 4U
...
0.22
5.26
41. 49
6.86
13.26
-17.23
7.93
7.85
-3.79
-18.91
19.89
-4.82
-5.86
11. 73
12.61
9.55
HI.17
24.3Q
12.57
6.0 I
11. 29
-3.74
13.30
6.94
32.35
15.42
-42.31
11..29
14.08
25.13
21.34
-9.43
-4.38
4.17
-7.4B
12..97
2'::1.40
13. 16
').82
-14.62
7. )0
9.65
-2.21
-5.36
7.13
-7.75
7.11
-0. > 3
6.10
12.10
9.53
24.1f)
3. 52
7. <:'1;
13. 45
2.:n
-6.14
9.1 S
26. l j
10.45
-25,39
14.67
11. 92
20.94
16.2<.1
-17. ')2
9.31
...
-2.35
...
-4. C)2
-2.BI)
29.07
8.45
34.79
9.16
7.41
-15.13 7
7.02
U.66
-.2.64
-12.48
15.68
-8.32
1. 47
L:.54
11. II
10.49
12.0ll
24.05
6.14
1).90
12.68
0.18
3.42
r;.50
28.11
9.99
-34.10
12.49
14.24
26.34
18.12
-9.24
2.20
-1. 29
3.89
24.56
11.83
5.4'1
-16.61
-8.94
6.31
10.01
-4.94
6.24
10. ')2
-0.41
R.63
6.R 1
4.99
17 .13
9.4S
17.44
13. f)l!
4.92
12 .98
1. 36
0.24
lu.29
L3.1<;1
-lJ.57
-1. ')4
7.24
16.50
16.67
-1.08
-5.00
-6.71
-9.02
1,).4Y
LL.7U
6.97
-20.28
tl.91
10.10
1.03
-13 .62
:3.40
9.16
-9.62
11.03
4.04
7.06
15.06
1 3. ~)6
15.61
14.57
1').17
3.5B
2..73
5.2J
17. '::12
29.64
-16.6l:1
-6.34
6.07
11.49
20.33
-9.36
-3.61
. ..
-.3.10
14.57
~3. 61
U.l1
- 3.20
-~. 97
7.\) 1
7. n
-6.14
-2.41
11. 6 7
-5.66
') • 7 ~
').51
7. f)~
13. 46
\2. f)<}
20.40
11.0i)
fL42
10. ~ 2
0.66
3.16
13 .08
.n.el j
U .10
-U:l.YY
'J.82
13. 62
20.76
6.72
-8.89
UATl.
AVERAGE FOR PERIOD
1. 4 3
0.60
L3.70
14.94
7.61
-12.38
-11.34
8.77
10.87
-5.49
4.21
9. so
-1. S2
7.89
5.81
4.13
14.71
10.ti8
1 ~.61
12.93
3.1U
12.78
L. i.JIJ
-2.36
IS.97
23.4 :.
-4.72
-3.56
b.74
14.24
16.01:1
~ .07
-8.80
-3.7U
2.75
2~. 58
10.50
6.03
-Its. &4
-6.02
7.00
7.79
-7.33
6.22
10.14
-2.24
7.79
7.12
6.52
16.31
U. 35
17. SH
~ l. 4 2
9.09
1l. 98
-0.0 S
2.72
2U.4&
L 3 . ~4
-<LU9
-1. 31
6.91
15. \)5
17.44
-).64
-) .1l2
-:'.54
0.01
22.52
9.01
7.74
-21. 21
-0.79
7.25
3.71
-10.92
7.41
9.16
-3.42
8.23
6.31
8.38
16. ~8
7.9'.)
17.13
8. ~ 3
14.08
'::1.26
-1.07
5.47
L1. j4
.2:'. B J
-~. 97
-3.2')
7.7 'J
14. 74
UL-ll
-7.84
-0.07
NOTE: Unless otherwise noted, these series contain revisions beginning with 1977.
IThis series contains revisions beginning with 1978. 2 This series is a weighted 4-tenn moving average (with weights
1,2,2.1) placed on the tenninal month of the span.
I II Q I III Q I IV Q
-5.77
-5.3U
16.96
10.27
7.91
-21.02
1. 22
8.46
1. 84
-12.86
8.51
U. [15
-6.21
10.28
4.62
7. B8
16.76
11.11
16.08
11. 6 3
15.03
~. 50
1. U 5
~ .48
Hl.1J9
2U.7u
-13.7(J
-6.00
7.49
12.7U
11).4:.1
-'1.67
-1.1'J
3.SQ
17.95
-18.04
2.70
9.96
-0.91
-15.43
14.36
2.62
-1).3'.)
13.66
7.2l1
7.18
IB.70
18.71
15.69
12.98
12.73
-1.4"
10.60
7.02
25.45
23.66
-31. 80
4.47
12.20
18,29
22.96
-13.68
-7.55
4.27
-3.00
18.74
21.11
10.21
-5.33
-13 .67
9.87
10.34
-5.17
o .YY
-, .86
-2.6fJ
7.66
4.63
4.09
l2.96
11.89
LL.38
8.95
3.06
13.31
L.18
-5.63
12.17
25.11
3. 38
-11.74
9.2 j
11. SO
16.86
10.31
-14.03
-5.03
-0.85
21. 09
9.93
7.23
-20.29
-1.86
7. ') 7
4.4')
-10.37
7.38
9.38
-3.90
8.77
6.0:;
7.,,:)
16.68
'::1.14
16.!J J
10.66
12.73
8.93
-0.02
4.56
20.26
26.02
-10.85
- 3.5')
7.38
J 4.49
18.44
-7. 05
-1.40
'"
-2.78
11.51
23 .88
8.80
-0.07
-12. if)
6.79
8.3')
-4.77
-4.88
11.UL
-J .08
:.I. .14
6.7 l
7. j2.
11.83
12 .95
20.72.
10.36
(3.92
ll.91
0.22
3.24
1l.49
26.17
6. ')4
-20.30
li.39
13.11
19.98
11. OK
-9,60
(MARCH 1982)
C. Historical Data for Selected Series-Continued
Year
Jan.
I Feb. I Mar.
37.
1948 . . .
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 •••
1')77 •••
1978 •••
1979 .•.
1980 •••
1981. •.
1982 ...
2.034
2,596
4.026
2,305
1,972
1.839
3,077
3.157
2.666
2,796
3.875
4,068
3,615
4,671
4,OBl
4,074
4,029
3,572
2,988
2.968
2,878
2,718
3,201
4.986
5,019
4,326
4,644
7.501
7,534
7,280
6,488
6.106
6,66U
8,022
2,328
2,849
3,936
2,117
1,957
1,636
J,331
2,969
2.606
2,622
4,303
3,965
3,329
4.832
3.871
4,23B
3,932
3.730
2,820
2.915
3.001
2,692
3,453
4,903
4.928
4,452
4,731
7.520
7,326
7,443
6,304
6,148
6.635
7,965
Apr.
I May I June
July
NUMBER OF PERSONS UNEMPLOYBD,
(THOUSANDS I
2,399
3,030
3.876
2,125
1.813
1,647
3,607
2.918
2.764
2,509
4,492
3,801
3.726
4,853
3,921
4,072
3,950
3.510
2,887
2.8B0
2,877
2.712
3,635
4,987
5.038
4,394
4,634
7.97B
7,230
7,307
6,340
6.108
6,714
7,958
2,386
3,26U
3,575
1,919
1.811
1,723
3,749
3,049
2,650
2,600
5.016
3,571
3.620
4,893
3,906
4,055
3,918
3.595
2,828
2,395
2,709
2.75B
3,797
4,959
4,959
4,459
4,613
3,210
7,330
7,05')
6,18U
6,076
7,370
7,899
2,118
3.707
3.434
1,856
1,863
1,596
3,767
2,747
2,861
2,710
5.021
3,479
3,569
5,003
3,863
4,217
3,764
3,432
2.950
2,929
2,740
2.713
3,919
4,996
4,922
4,329
4,705
8,433
7,053
6,911
6,161
5,913
8,059
8,2413
2,214
3.776
3.367
1,995
1,884
1,607
3, S51
2,701
2,882
2,856
4,944
3,429
3.766
4,8B5
3,844
3,977
3.814
3. 3B 7
2,872
2,992
2,938
2.816
4,071
4.949
4.923
4.363
4,927
8.220
7,322
7.134
1.995
5,913
d,024
B ,004
I Aug. I Sept.
Oct.
I Nov. I Dec.
IQ
AVr;I<AGE
2,213
4, III
3.120
1,950
1,991
1,660
3,659
2,632
2,952
2.796
5,079
3,528
3.836
4.928
3,819
4.051
3,608
3,301
2,876
2,944
2.8B3
2,863
4,175
5,035
4,913
4,305
5.063
8,127
7,490
6, B 29
6,314
5,985
8,330
7,824
2,302
4.049
2.774
1. ,067
1,936
1,821
2,350
4.193
2,799
1,933
2,087
1, 665
3,B 54
2,784
2,701
2,747
5,025
3,500
3,946
4,682
4,013
3,878
3.655
3,254
2.900
2,945
2,768
2.856
4.256
5.134
4,939
4,305
5,022
7,928
7.518
6,925
6.077
6,298
3.239
7,978
3,927
2.678
2,635
2,943
4,821
3,775
3,884
4,676
3,961
3,957
3.712
3.216
2.798
2.958
2,6U6
3,040
4.456
5,042
4.849
4,1S0
S,437
7,923
7.380
6.751
6,121
6,17 J
(3,024
iJ,236
42. TOTAL NUM.BER OF' PERSONS ENGAGED IN NONAGHICUL'fUl-tAL ACTIVITIES,
2.259
4.916
2,62S
:':,194
1,839
1,974
3,666
2,830
2,571
3,020
4,570
3.910
4,252
4,573
3.803
3,987
3.726
3,143
2,798
3.143
2.6B9
:1 ,049
4,591
4,954
4,875
4,144
5,523
7,897
7,430
6,763
'),947
6, :.!9)
3,109
J,669
2.285
3.996
2, sag
2,1711
1,743
1.,211
3,402
2,7 UO
L,861
3.454
4,188
4,003
4,330
4,295
4,024
4,151
3,551
3,073
2,770
3,066
2,715
2 856
4,898
5,161
4,602
4,196
6,140
7,794
7,620
6, U 15
6,074
6,255
0,0 66
'J,100
2,429
4. 063
2,639
1 r 960
1,667
1. ,UlU
3,196
L,761
2,790
3,476
4,191
3,653
4,617
4,177
3,907
3,97J
3,651
3,031
2.912
3,0 lB
2,685
2,834
5.076
5,154
4,543
4,4:39
6,636
7,744
7,545
6,3U6
6,250
0,409
7.399
9,571
2.254
2,825
3,946
2,182
1,914
1,707
3,338
3,015
2.679
2,642
4,223
3,945
3,557
4,7tl5
3.958
4,128
3,970
3.604
2,fJ9U
2,924
2,919
2,707
3,430
4,9':19
4,995
4,3')1
4,670
7,666
7,363
7,343
6,377
6.121
6,670
7,982
49,984
50,385
50,570
52, B08
53.312
54,958
13,951
54.640
57,163
57,842
57,3B9
58,3B7
59,889
60,354
61,014
62,190
63,724
65,726
6U,121
6'),7!H
70,792
73,101
75,358
75,471
77,5:13
79,705
82,799
82,226
84,013
86,143
90.938
94,617
96.506
96,456
50,500
50,136
50,694
52,923
53,442
55,421
14.073
54.873
57,061
58,132
57.244
58,255
60.177
60,116
61,249
62.372
64,188
65,805
68,056
6lJ ,883
71,270
73,557
75,259
75,412
77,750
80,497
82.930
81,895
84,368
87.120
91.180
94.906
96.521
96,723
50,338
50,035
50,612
53,543
53,440
55,590
53,791
54.722
57,190
58,441
57,170
58.590
59,714
60,444
61,336
62,655
64,397
66,121
68,119
69,632
71,475
73,699
75,364
75,232
78,135
80,983
83.093
81,829
84.689
87,596
91.385
95,057
96.20 5
97,063
50.734
49,836
51.319
53,167
53,384
55.082
54,043
55.152
57,154
58,211
57,029
58,875
60,483
60.337
61,363
62,972
64,942
66,209
613,402
70 .134
71,686
73,894
75,362
75,413
78.273
81,152
83,087
81,874
84.978
87,958
92.036
94,777
95.832
97,408
50.713
49,485
51,172
53,436
53,361
55,082
53,698
55,307
57,486
57,986
57,227
58,907
60,6YI3
60.350
61,724
62,886
65,02[3
66,310
613,567
70,186
72,293
73,706
75,017
75,6')0
78,475
81,272
83,362
81,891
85,427
B8.322
92,435
95.03B
95.552
97,64U
51,152
49.370
51,767
53,091
53,690
55,095
53,630
55,538
57,485
58,194
57,220
59,137
60,752
60.773
61,727
63.007
64,662
66.581
6U ,SOt!
70,5tJ9
72,376
74,217
74,85fJ
75,423
78,681
81,676
83.555
81,987
05,253
88.619
92,303
95,350
95,483
97,Q82
Annual
50,756
50,466
52,669
53,432
54,593
54,048
54,268
57,031
53,104
57,885
58. a 28
5lJ ,883
60,156
60.900
62,300
63,5el4
65,492
67,903
50,274
50,202
50,62'l
53,091
53,398
55,323
53,93U
2,239
3,581
3,459
1,923
1,853
1,642
3,689
2,832
2,79(1
2,722
4,994
3,493
3.652
4,927
3,871
4,083
3,832
3.471
2, !:IS3
2,939
2,7lJ6
2,7b2
3,929
4,96B
4,931
4,304
4,750
8,288
7,235
7,035
6,11 5
5,967
7.813
B ,050
(o'Ol{
2,288
4,118
2,898
1,983
2,005
1.715
3.813
2.69B
2,763
2,829
4,975
3,630
3,889
4,762
3,931
3,962
3,655
3,257
2,35H
2, Y49
2,77<)
2,921
4,2<)6
5,070
4,900
4,320
:;,174
7,993
7.463
6,835
6,171
6,152
8,198
!J ,013
PEHIOD
1.,"324
4,325
2.618
2, III
1,750
2.334
3,421
2,790
2.741
3,317
4.316
3,855
4,400
4,348
3,911
4,033
3.643
3,082
2,827
3,07ti
2,696
7. ,930
4,US5
5,090
4.673
4,343
6.100
7.812
7.532
6.655
6.090
6,319
3,025
9,113
2.276
3.637
3,213H
2 I 0 ')S
1,883
1,834
3.532
2,852
2,7S0
2,8')9
4,602
3.740
J, 8 52
4,714
3,911
4,070
3.78b
3,366
2,075
2,97'l
2, U17
2,S L!
4,0'J3
5,0 lu
4.882
4, 36~
5,156
7,929
7,406
6,991
6,202
6.137
7,637
13,273
LABOH F'ORCI;; SU RVEY
i\VERAGE r'Of{ PERIOD
(THOUSANDS I
1948 . . .
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 ...
I II Q I III Q I IV Q
LABOR FORCE SURVEY
~1,366
49,lfi9
51,875
53.555
53,637
55,130
53,421
56,075
57,430
58,139
57.220
59,447
60,367
60,455
61.643
63,211
64.80B
67,07U
6t! ,940
70,6el7
72,267
74.411
71,209
75,:H9
7t1,769
81 7,9
33.713
82,437
85,735
88,837
92,663
95.706
95,546
97,522
50.094
49.793
52,549
53,204
53.616
54.832
53.766
56,222
57,692
58.061
57,339
,9.402
60,375
60,486
62.102
63,304
64, U 90
67,007
6':),225
7U ,U04
72,3U7
74.637
75,206
76,144
78,975
01,779
83,608
82,805
85,843
89,131
93,073
95.463
95,667
97,436
50,648
50,287
52,583
53.155
53.984
54,708
53.829
56,131
57,71)4
S8,393
57,728
'Jy,323
60,512
60,520
62.325
63,524
64,959
b7,015
6'),30b
71,003
72,414
74,699
75,047
76,322
7:3,975
82,146
83,591
32,771
85.895
89,501
93,294
96,049
95.759
96,900
50,761
50,45S
52,432
5:1,374
53.769
54,797
54,028
56.263
57,8313
5tl,171
')7,912
59,556
60,196
60,716
62,298
63,5'J2
65,032
67,277
6'),48')
71,043
72,483
74,9 LU
75,348
76,513
7U,982
82,563
33,564
32,973
3.9
6.8
4. S
3.1
3.4
2.7
6.0
4.2
4.1
4.1
7.4
5.2
5.6
6.6
5.7
5.4
5. a
4.4
3. B
3.8
3.5
3.1
5.1
6.1
5.6
4.8
5.5
B.4
7.8
7.0
5.9
6.0
7.7
7.3
3.8
6.6
4.4
3,3
3.1
2.';;)
6.1
4.1
3.9
4.4
7.1
5.5
5.5
6.7
5.6
5.5
5.1
4.3
3.7
3.3
3.4
3.7
5.4
6.0
5.5
4. B
3.7
7.9
4.2
3,5
3,0
3.1
,.7
4.3
3.9
4.5
6.7
5.7
6.1
6.5
5.4
5.5
5.1
4.2
3.7
4.0
3.4
3.7
5.5
5.8
5.6
4.6
6.0
0.4
7.7
6. d
5. B
6.0
7. ,
05,~5U
89,7130
93,736
96 ,105
95,965
96.965
50,793
50,512
52,534
53,137
54,239
54,393
54,423
56.602
57,799
:,7,9B3
~7,899
,9.050
GO,596
60,991
62.016
63.573
b':>, 2 3')
67.631
69,B95
71,192
72,736
7?, 0 b4
7';),27:3
76, UU7
79.473
132,727
83,221
f33,125
36,371
90.306
94,205
96,160
96,164
96,300
6~,8L3
71.397
73,03L:
7 S, 3 31
7'::>,214
77.100
7lJ,804
U2, 74 3
82,783
U3,406
86,552
90,7fJ5
94,190
96,561
96,14S
96.404
54,74~
57,138
58,138
57,268
58,411
59,927
60,305
61,200
62,406
64,103
65,384
68,099
69,7132
71.179
73,452
75,127
75,372
77,826
80.395
82,941
81.933
84,357
87,1'j 3
91,IFi8
')4,860
96.411
lJ6,747
SO ,866
49.564
51,486
53,231
53,645
55,086
53,790
55,332
57,375
~B ,130
57,159
5 !:I , Y7 3
60,646
60,487
61.605
62,95~
64,877
66,367
6£1,592
70,303
72.ll8
73,939
75,07lJ
75,509
78,476
B I, 367
33,335
31,917
U5,219
138,300
lJ2,441
9S,055
95,622
<)7,377
SO ,969
49,750
52,316
53,305
53,746
54, [3 90
53,67L
56,143
57,625
58,19<,)
'J7,429
5lJ,391
60.418
60,487
62,023
63,346
64,8!:16
67,031
69.157
70,831
72.329
74,582
7'),154
76,128
7U,906
81,1195
83,617
82,671
85,324
U9,173
93,010
95.741
9S,657
97,2116
SO,770
50,478
52,545
53,314
S4,200
54,413
54,24(J
56.632
57,914
:'13,013
')7,946
5lJ ,4Y6
60,316
60,872
62,205
63,583
65,254
67,604
69,736
71,211
72,750
75,108
75.280
76,833
79,420
32,678
83.189
83,163
86,294
90,317
94,044
96,275
96,092
'J6, 7:L 3
50,714
49.993
~1, 7?1I
'l3, 2 3')
') 3,749
54,919
53,904
5~, 722
57,514
5U ,123
57,450
59,Ob'.>
60,313
611,546
61 7,9
63.076
64,7U2
66,726
6(j ,915
70,527
72,103
74,296
75,21')
75,972
78,66')
81.594
83,279
82.433
85,421
88,7 J4
92,66l
95,477
95,93U
,)7,03U
43. UNEMPLOYMENT RAn;, TOTAL
(PERCENT)
1948 ...
1949 •••
1950 ...
1951. ••
1952 •••
1953 •••
1954 •••
1955 •••
1956 ...
1957 . . .
1958 . . .
1959 ...
1960 . . .
1961. ••
1962 •••
1963 •••
1964 ...
1965 •••
1966 ••.
1967 •••
196B . . .
1969 . . .
1970 ...
1971. ••
1972 •••
1973 . . .
1974 . . .
1975 •••
1976 . . .
1977 •••
1978 •••
1979 •••
1930 . . .
1:181. ••
1982 ...
NOTE:
1.4
4.3
6.5
3.7
3.2
2.9
4.9
4.9
4.0
4.2
5.8
6.0
5.2
6.6
5.8
5.7
5.6
4.9
4.0
3.9
3.7
3.4
3.9
5.9
5.3
4.9
5.1
B .1
7.9
7.5
6.4
5.9
6.3
7.4
3.8
4.7
6.4
3.4
3.1
2.6
') .2
'.7
3.9
3.9
6.4
5.9
4.8
6.9
5.5
5.9
5.4
5.1
3.8
3.8
3.8
3.4
4.2
5.9
5.7
').0
5.2
8.1
7.7
7.6
6.3
5.9
6.2
7.4
4.0
5.0
6.3
3.4
2.9
" .6
5.7
4.6
4.2
3.7
6.7
5.6
5.4
6.9
5.6
5.7
5.4
4.7
3.8
3.8
3.7
3.4
4.4
6.0
5.8
4.9
5.1
3.6
7.6
7.4
6.3
1.0
6.3
7.3
1.9
5.3
5.B
3.1
2.9
:':.7
5.9
4.7
4.0
3.9
".4
5.2
5.2
7.0
5.6
5.7
5.3
4.8
3.8
3.8
3.5
3.4
4.6
5.9
5.7
5.0
5.1
8.8
7.7
7.2
6.1
5.8
6.9
7.3
3.1
6.1
5.5
3. a
3.0
2.5
5.9
4.3
4.3
4.1
7.4
5.1
5.1
7.1
5.5
5.9
5.1
4.6
3.9
3.3
3.5
1.4
4.8
5.9
5.7
4.9
5.1
9.0
7.4
7. a
6.0
5.7
7.5
7. 'J
These seri es conta i n rev; s ions begi nn i ng with 1970.
3.6
6.2
5.4
3.2
3.0
2.5
5.6
4.2
4.3
4.1
7.3
5.0
5.4
6.9
5.5
5.6
5.2
4.6
3. B
J.9
3.7
1.5
4.9
5.9
5.7
4.9
') .4
B.8
7.6
7.2
5.9
';.7
7.5
7.4
AVEHAGI::
3.6
6.7
5. a
3.1
3.2
2.6
5.8
4.0
4.4
4.2
7.5
5.1
5.5
7.0
5.4
5.6
4.9
4.4
3.8
3.8
3.7
3.5
5.0
6.0
5.6
4. B
,.5
B .6
7.8
6.9
6.2
'J.7
7.8
7.2
S. ')
8.4
7.6
6.8
6.0
'>. U
7.5
7.6
J.O
3.8
6.4
4.2
3.5
2.8
3.5
'l.3
4.2
4.3
5.1
b. ;.:
5.8
6.1
6.1
'J.7
5.7
4.8
4.1
3.6
3.9
3.4
3. S
5.9
6.0
5.3
4. B
6.6
fL3
7.3
b .3
5. Y
1.9
7.5
8.3
4.0
6.6
4.3
3.1
2.7
4.5
5.0
4.2
4.2
5.2
6.2
5.3
6.6
6.0
'J. ')
1.5
5.0
4.0
3.8
3.8
3.4
3.5
6.1
G.ll
5.2
4.9
7.2
8.2
7.8
6.4
6. a
G.O
7.3
0.0
3.7
4.7
6.4
3.5
3.1
2.7
5.3
4.7
4.0
3.9
6.3
5.8
5.1
6.8
5.6
5.8
5. S
4.9
3.9
3.8
3.7
3.4
4.2
5.9
5.<.1
4.9
5.1
3.3
7.7
7.5
6.3
5.9
6.3
7.4
3.7
1.9
5.6
3.1
3.0
2.6
5.0
4.4
4.2
4.1
7.4
5.1
5.2
7.0
5.5
5.7
5.2
4.7
3.8
J.1l
3.6
3.4
4.8
'J.t]
1.7
4.9
5.2
B .9
7.6
7.1
6.0
5.7
7.3
7.4
~·OH.
3.0
6.7
4.6
3.2
3.2
2.7
6.0
4.1
4.1
4.2
1.1
5.3
S.')
6.8
5.6
5.5
5.0
4.4
3.8
3.0
3.S
3.6
5.2
6.0
,.6
4.3
5.6
8.5
7.7
6.9
6.0
5.8
7.7
7.4
PI::RIOD
3.8
7.0
4.2
3.4
2.8
3.7
5.3
4.2
4.1
4.9
6.4
1.6
6. l
6.2
5.5
5.6
5.0
4.1
3.7
3.9
3.4
3.6
5.8
5.9
5.4
4.8
6.6
8.3
7.8
6.7
5.9
6.0
7.4
8.4
3.iJ
5.9
S.3
3.3
3.0
:':.9
').1)
4.4
4.1
4.3
6.8
5.5
5.5
6.7
5.5
5.7
5.2
4.5
LB
3.8
3.6
3.5
4.9
S .'1
5.6
4.9
5.6
13.')
7.7
7.1
6.1
5.8
7.1
7.6
(MARCH 1982)
101
c.
Historical Data for Selected SerIes-Continued
Year
Jan.
I Feb. I Mar. u. Apr. 1May I June
July
I Aug. I Sept.
Oct.
I Nov. I Dec.
IQ
I II Q I III Q I IV Q
Annual
UNEMPLOYMENT RATE,
IS WEEKS AND OVER'
( PERCENT)
0. tt,5tosic2> 02t2 for 3slecte<l 5en«5â6ontmue<l
v«s
1«n,
feb.
«,s,
Kpl,
««>
lune
ilch
Hu«.
5«i>t,
llcl.
«OV.
0ec.
!Y
âY
!» y
>vy
KlMU3>
1948 ...
1949 ...
1950 ...
1951 ...
1952 •••
1951 •••
1954 ...
1955 ...
1956 ...
1957 ...
1958 ...
1959 ...
Q .5
Q .5
1.5
0.7
0.5
0.4
0.6
1.4
0.8
0.8
1.1
2.1
1960a o.
I.]
1961 ...
1962 ...
1961 ...
1964 •••
1965 ...
1966 ...
1967 ...
1968 ...
1969 •••
1970 ...
1971 ...
1.9
1.8
1.6
1.5
1.1
O.B
0.6
0.6
0.4
0.5
1. ]
1.5
1.1
0.9
1.7
2.9
2.1
1.6
1.2
1.]
2.2
1972 ...
19l1 •••
1974 ...
1975 •••
1976 ...
1977 ...
1978 ...
1979 ...
1930 ...
1981 ...
1982 ...
0.5
0.6
I.S
0.6
0.4
0.1
0.8
1.1
0.8
0.8
1.5
1.9
1.2
l.O
1.8
1.6
1.4
1.2
O.B
0.6
0.6
0.4
0.6
I.]
1.5
1.0
0.9
2.0
2.7
2.2
1.6
1.2
I.]
2.1
O.S
0.7
1.5
0.6
0.4
0.1
1.2
1.1
0.8
0.8
1.7
1.8
1.4
2.1
1.7
I.S
1.4
1.1
0.8
0.6
0.6
0.4
0.6
1.]
1.4
1.0
0.9
2.2
2.6
2.1
1.5
1. ]
1.4
2.1
0.5
0.8
1.5
O.S
0.4
0.1
1.2
1.1
0.7
0.0
2.1
I.S
1.1
2. ]
1.6
1.5
1.]
1.1
0.8
0.6
0.5
0.5
0.7
1.4
1.4
0.9
1.0
2.6
2. ]
2.n
1.5
1.2
1.6
2.0
0.5
1.0
1.4
0.4
0.4
0.1
1.4
1.1
0.8
0.0
2.2
1.4
1.1
2.4
1.6
1.6
1.]
1.0
u.7
O.S
O.S
0.5
0.7
1.4
I. ]
0.9
1.0
2.0
2.2
2.0
1.4
1.2
1.6
2.0
0.5
1.2
1.4
0.4
O. ]
O. S
1.4
1.2
0.4
0.]
O. ]
o. ]
1.4
1.0
0.8
0.8
2.S
1.4
1.2
2.1
1.5
1.5
1.4
1.1
0.6
0.5
0.5
0.5
0.8
1.4
1.]
0.9
1.0
]'0
2.4
1.9
1.1
1.1
1.7
2.2
1.5
1.0
0.8
0.8
2.6
1.1
1.1
2.6
1.5
1.5
1.4
0.9
U.6
u.s
0.5
0.5
0.0
1.5
I.]
0.8
1.0
1.1
2.4
1.9
1.1
1.1
1.9
2.0
0.5
I.S
1.0
0.4
0.]
0.1
1.6
0.0
0.8
0.8
2.8
1.1
1.]
l. ]
1.5
1.6
1.]
1.0
0.6
0.6
o .S
0.5
0.9
1.5
1.1
0.9
1.0
1.0
2.5
I ••
1.2
1.1
2 0
2.0
AVERAGE FOR PERIOD
0.5
1.6
1.0
0.4
0.4
0.]
1.6
0.9
0.9
0.8
2.6
1.1
1.4
2.2
I. S
1.5
I.]
1.0
0.6
0.6
o .S
0.5
0.9
I.S
0.5
1.6
0.9
0.4
0.4
0.1
1.6
0.9
0.8
1.0
2.5
0.5
1.7
0.8
0.5
0.]
0.4
1.5
0.9
U.9
1.0
2.]
1.4
1.7
I. ]
1.7
2.1
1.4
1.5
1.2
0.9
0.6
0.6
0.5
O. S
0.9
I.S
1. ]
0.9
1.2
2.9
2.4
1.8
I. ]
1.2
2.1
2.1
I.]
0.9
1.1
].1
2.4
1.9
I.]
1.1
2.1
2.1
0.5
1.6
0.8
0.4
0.4
0.5
1.]
0.9
0.9
1.1
2.2
1.1
1.6
1.9
1.5
1.4
1.2
0.9
U.6
0.6
0.4
O. S
1. ]
1.5
1.1
0.8
1.4
].0
2.4
1.7
1.2
1.2
2.2
2.2
1.5
1.5
I.]
0.9
0.6
0.6
O. S
0.5
1.0
I.S
1.2
0.9
1.2
].0
2.4
1.8
1.2
1.2
2.2
2.2
0.5
1.0
1.4
0.4
0.4
O. ]
1.1
1.1
0.8
0.8
2.1
1.4
1.2
2. ]
1.6
1.5
1. ]
1.1
0.7
0.5
0.5
O.S
0.7
1.4
1.]
0.9
1.0
2.B
2.1
2.0
1.4
1.2
1.6
2.1
...
41.0
0.5
0.6
1.5
0.6
0.4
0.]
0.9
1. ]
0.8
0.8
1.5
1.9
1.1
2.0
1.3
1.6
1.4
1.1
0.8
0.6
0.6
0.4
0.6
1. ]
1.5
1.0
0.9
2.0
2.7
2.2
1.6
1.2
1. ]
2.1
.. .
...
5.8
0.5
1.5
1.1
0.4
O. ]
0.1
1.6
0.9
0.8
0.8
2.7
1.1
I.]
2.4
I.S
1.5
1.]
1.0
0.6
0.6
0.5
0.5
0.9
I.S
1. ]
0.9
1.0
].1
2.4
1.9
1. ]
1.1
2.0
2.0
0.5
1.6
0.8
0.4
0.4
0.4
1.5
0.9
0.9
1.0
2.]
1.]
1.7
2.0
1.5
1.5
1.2
0.9
0.6
U.6
O.S
0.5
1.1
1.5
1.2
0.9
1. ]
1.0
2.4
1.8
1.2
1.2
2.2
2.2
0.5
1.1
1. ]
0.5
0.4
0.]
1.]
1.1
0.8
0.8
2.1
1.5
1.4
2.2
1.6
1.5
I.]
1.0
0.7
0.6
O.S
0.5
0.8
1.4
1.]
0.9
1.0
2.7
2.5
2.0
1.4
1.2
1.7
2.1
44
45. AVt:kf.GE WEt:KL't INSUKt::U UNEMPLOYI1I::NT M'fE,
Ipr«««?!
ovr»>
»vri»<:° ?<,>>
?r»ioi)
1948...
«.5
0.5
0.5
».5
0.5 0.5
0.5
».5
0.5
0.5
19U ...
1949 ...
19S0 ...
1~~1
•••
1952 ...
195J ...
1954 •••
1955 •••
1956 •••
1957 ...
19S0 ...
1959 ...
1960 ...
1961 ...
1962 ...
196] •••
1964 ...
1965 ...
1966 ...
1967 ...
1960 ...
1969 ...
1970 •••
1971 ...
197:.! •••
0.5
».5
0.5
0.5
...
1914 •••
1975 •••
1~7J
1976 •••
1977 •••
197tt •••
1979 •••
0.5
0.5
S'r~'rE
PHOGKAHt;2
...
7.2
...
AVERAGE FOR PERIOD
(PEI(Ct:rn' )
liüüüriHlüem' ««e. 15 «I^«s »XI)
IYSO •••
1981 ...
19.2 ...
...
4.2
.. ,
4.7
...
5.2
...
5.4
...
5.8
...
6.2
6.2
2.9
1.2
2.6
4.4
4.2
J .2
] .5
5.5
4.9
4.1
6.2
4.7
4.7
4.0
J. ]
1.6
2.4
2.4
2.2
2.6
] .9
1.6
2.8
1.1
5.S
4.S
4.2
1.6
1.1
1.]
1.5
6.0
S.B
5.4
5.0
4.7
2.9
].0
l.4
5.S
].1
].4
].4
6.9
].5
4.4
S.l
4.0
4.1
].7
2.9
2.2
2.5
2.1
2.0
].S
4.0
1.5
2.6
].2
•• S
4.S
J.8
1.1
l.7
2.~
l.6
l.9
1.1
2.5
4.7
4.1
1.J
].5
6.0
4.7
4.2
6.1
4.S
4.6
1.9
1.1
2.6
2.5
2.1
2.7
~.U
].~
4.0
1.6
1.0
l. S
S.l
1.6
1.2
I.]
7.1
4.0
4.]
5.9
1.9
4.2
1.n
1.1
2.1
2.7
2.2
2.0
1.2
4.0
1.S
].0
l.4
S. S
].4
1.1
l.2
1.1
2.S
5.0
] .B
J.l
1.4
6.6
4. ]
4.5
6. ]
4.4
4.4
1.9
1.2
2.1
2.6
2.1
2. I
1.6
l.S
l.1
1.2
6.4
4.1
4.0
1.6
1.1
1.4
1.4
2.6
2.2
2.0
].S
4.0
] .S
2.6
1.2
6 ••
4.4
1.8
J.I
l.6
1.2
,.9
4.1
4.2
1.7
1.1
1.2
1.]
].]
7.0
].6
4.2
S.6
1.R
4.2
1.R
1.0
2.1
] .2
6.7
4.1
1.9
1.1
] .0
J.7
1.4
l.O
~.tI
'.2
1.1
4.5
). ]
...
6.4
4. ]
].U
1.6
•• S
S. ]
1.1
]. S
] .5
6.7
].7
4.7
5.1
4.2
4.2
1.6
].0
2.4
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51. WAGE AND SALARY
1~L'OJIU:
I?«»...
».7
».»
1.0 1.2
101.6
99.4
Ion .9
1950 •••
98.0
96.9
911. "7
lOfl.7
1951 ...
19S2 ...
11~.1j
120.0
11, .1
121.9
116.9
122.9
Ill"; ••••
1]0;.1
1 H. S
129.7
114. I
148. I
IS3.6
142. B
129.7
117.7
l.lIJ.O
1'.:1,):.J •••
',>.
1940 ...
1949 ...
1954 ...
0.5
1')59 •••
19")r" ••
1956 •••
1.4
1957 ...
9~.R
IlS .4
140.2
154.4
149.0
1960 ...
I,',
1.l'J .4
l').}.l
I ~8.~
1',9.1
1961 •••
l'j6.: •••
l'Jb J •••
1'164 •••
1')6'.> •••
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10':'.7
218.4
1.6
1.6
1.7
1.6
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IlJb6 •••
1967 . . .
1':'6d •••
1'J6'J •••
1~70
i,;
•••
1'171 ...
1972 ...
1.6
2.2
1950..,
1.5
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1914 . . .
1'}1~ •••
1911; •••
1'l77 . . .
197u ...
197') . . .
I,°,
l'Jfjt) •••
19i11 •••
1.5
1.5
171.0
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I1J6.1
201.1
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2.!O .9
220.6
210.1
2U; .4
lil. I
2 11.1
111.0
216 • ..,
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2'11.1
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200.1
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0.9
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96.6
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113.1
94.9
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121.1
122.0
117.0
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141.8
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127.6
142.7
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1;6.7
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221. 2
231.'.1
146.0
247.1
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220.2
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2) 1. 6
212. I
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OOLl.ARS'
AVERAG~
102.4
92.6
115.0
117.9
I In.6
1l4.1
110.1
103.2
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112.1
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112.7
146.9
151.2
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147.1
152.2
102.7
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119.0
114.4
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147.3
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147.7
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236.1
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227.4
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229.4
111.8
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216.4
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210.8
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246,6
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247.4
211.1
224.0
21) .0
224.9
244.7
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229.4
214.0
246.1
24<;. \
226. J
227.9
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236. J
249.4
241.7
211.6
lSO.B
241.8
212.2
2n.~
100.2
100.4
98.5
115.8
121.9
1J6.4
129.5
115.6
140.4
153.9
140.2
ISO .6
158.8
150.2
161. ]
166.1
171. S
166.0
19d.l
206.0
lI2.S
221.6
220.2
210.0
218.5
211.5
232.2
209.1
217.9
224 .8
217 .6
2SI.8
2]8.9
211.4
99.5
96.2
105.1
118.8
121.2
137.6
128.5
140.5
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lS2.1
11' .5
155.0
157.4
15].4
164. ]
168.2
177.1
187.1
202.5
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lIS .8
lll.7
216.2
211.5
221.9
214 .5
2]0.9
206.7
220.4
2]1.5
2U.7
249.6
228.4
2]2.0
FOR PERIOD
101.7
95.9
111.2
119. ]
12]. ]
1l6.1
127.7
143.0
150.2
lS0.8
141.1
15].2
155.2
15S.5
165.0
1.9 ••
180.2
189.6
205.0
206.B
216.9
225.0
214.1
210.6
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235.1
229.1
208.]
221.6
214.5
246.2
245.7
226.1
102.8
94.1
115.B
IIB.B
112.4
112.9
112.0
146.4
154.0
147.2
14S.6
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151.5
159.5
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171. 7
181.6
lH.1
20 •• 0
208.4
210.7
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207.0
212. J
228.7
215.9
220.9
211.6
22] .4
2]6.8
249.2
242.2
211.1
101.0
96.6
107.6
118.2
124.7
135.8
129.4
141.4
150.8
151.0
140.8
15].2
15S.7
154.7
164.0
16a.9
178.1
189.2
201.0
206.6
216.2
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214.4
211.1
22].1
214.8
228.J
209.0
220 ••
2H.9
2U.4
247.]
2H.l
II)H2 ...
I ThlS s~,.ies conta1ns revisions beginning with 1970.
re~i'.iiions beginning with 1967.
102
!.»
91.2
10].1
l1a. "7
118 .1
220.1
1.2
, ,>'
100.6
lrll.l
1')2.7
In .4
2r)2.8
2Jl.1i
9 •••
1 'i3.U
146.9
.224.9
239.4
90.1
120.6
141.1
149.8
IS I.'
21fl.ij
1:')1.\
contaIns
1.4 1.4
101. ]
IN "lINING, MANUFACTUNI NG. AND CONs'rRUCTION IN U7l
(A,>lNUAL RATE, DILLIO~S OF DOLLARS)
1Thts series contains revisions beginning with 1977.
J
Th1s series
(!IIIACH 1982)
c.
Historical Data for Selected Series-Continued
Year
Jan.
bll.
I Feb. I Mar.
I May I June
Apr.
R/\TIO. HL:LP-INAH'J't-:U
'"
AOVt.:K'rlSl~
July
... t; .... SPA.lf~K:;
,·U
I Aug. I Sept.
NUMULk vi'" Pt;lC;OIl'iS
Oct.
r NDV·1 Dec.
IQ
1 II Q 1 III Q I IV Q
AVERAGF. FOR PERIOD
(JtI\Tl())
6. »l5tos>c2! l)2t2 ws 3el«:t«j 5eslS5âContinus^
v«s
1°«l!,
lHO •••
194~ •••
1~50 •••
I·J51 •••
1952 •••
1'5! •••
1 ')~4 •••
leb.
«3s,
Hps
««>
)us>e
Ilch
^8
5epl
195~ •••
1956 •••
1957 •••
1950 •••
1959 •••
1.6a •••
1')61 •••
1962 •••
196) •••
1964 •••
196'S •••
1966 •••
1967 •••
l~bJ
llc!.
«0»,
0«c,
!Y
»Y
!» Y
!V y
KsMüs!
•••
I'J6') •••
1'170 •••
1971 •••
1~7.l •••
197 J •••
1974 •••
1975 •••
1976 •••
1971 •••
1970 •••
1979 •••
19"0 •••
1931 •••
1902 •••
0.952
Q.519
Q.251
Q.801
I.Q27
I. 165
Q.4 IS
0.44 !
0.159
Q.7 !';
Q. J JO
fl. lfj6
Q.' 19
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0.44")
0.424
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Ij.6Ul,I
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0.413
0.2')7
0.R116
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1.1n
0.134
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0.000
0.749
0.271
0.190
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0.41)7
0.41i.!
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0.19J
1l.7H
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0.924
1.067
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0.5 Jl
0.744
11.711
0.252
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0.4"16
0.411
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0.9'12
1.OH6
I. 295
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0.787
0.710
0.2<10
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0.~07
1.077
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1.071
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0.844
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1),276
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0.760
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0.540
0.667
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0.272
0.491
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0.521
0.986
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0.719
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0.241
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0.453
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1.197
0.845
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0.810
0.511
0.29]
0.465
0.150
1J.171
0.446
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0.551
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1.096
0.956
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1. 191
'J.l)l'J
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o .67u
u .... 12
U.'J J4
U .11]
O. J85
0.56)
0.806
U.190
0.466
0.170
o .6~0
U.224
0.609
0.503
1).2 Ll
0.576
l. 265
0.606
0.376
0.718
0.405
0.114
0.454
0.117
0.409
0.422
0.421
0.604
1.121
0.4U6
0.410
0.166
0.715
0.105
0.H5
O. 5>O~
0.301
o .411
0.414
0.4U
0.5.7
O.1J40
U .972
a .03U
O.72t1
1.100
0.971
1.105
1.241
U .49J:
u.41J1)
0.7 JI
J •• 5]
0.441
0.112
0.187
O. ')31
0.1ijlj
0.752
0.495
O. J6)
a.9iJD
1.04 )
u .996
1.297
1. lts '1
o .47~
U. SO I
o .U06
U .60l
0.181
o .lJ6
U.414
o .65J
0.736
0.719
0.490
O. I 19
0.010
0.450
0.25'
0.870
1.018
1.295
0.106
0.40U
0.76U
o. 7~2
0.206
0.19&
0.521
0.290
O.4~4
0.421
0.462
0.6ll
1.062
1.012
1.051
1.145
0.916
0.471
0.554
0.857
0.144
0.294
0.170
0.411
0.650
0.110
0.669
0.415
0.787
D. ]09
O.llO
0.997
1.050
1.118
0.129
0.58U
0.716
0.662
0.221
0.512
0.471
0.294
0.4.7
0.418
0.510
0.690
1.084
1.007
1.110
1.12]
0.724
0.489
0.589
0.856
0.749
0.274
0.lB6
0.471
O.7119
0.760
0.445
0.440
0.777
0.218
0.489
0.957
1.0 12
1.114
0.lI2
0.6.9
0.7l1
0.608
0.250
0.517
0.411
O.llO
0.447
0.4 ]B
0.559
0.777
1.090
0.996
1.191
1.221
0.6\0
0.489
0.612
0.871
0.652
0.676
0.208
0.599
0.919
1.261
0.672
0.170
0.n6
0.748
0.4 ]4
0.327
0.415
0.110
0.H8
0.414
0.445
0.5.1
0.925
1.082
0.974
1.107
1.206
0.497
0.501
0.718
0.856
0.111
0.104
0.527
0.H2
0.128
0.195
0.599
0.725
0.794
0.757
0.4ll
0.760
0.464
0.160
0.419
0.768
0.101
0.419
0.916
1.090
1.100
0.149
0.625
0.741
0.614
0.272
0.475
0.434
0.128
0.451
0.411
0.528
0.754
1.080
1.002
1.170
1.274
0.692
0.489
0.628
0.860
0.649
0.102
0.184
0.508
0.720
0.764
0.508
0.429
»>!. »,,1'IU. »III.Ii-X^I'IIK <V0V»^lI^I^ I«
90. RA.TIO, eI'/II,IA.N
[~~I.OVMENT
,«lIU>
411^>,«>>!l^, '2U ^U«U1,« ^ !>l,,^u^i. 11«l.^>'Ix«I1I2,
1').18 •••
55.91
1949 •••
zvenz«!! ron
?ü«i°i>
1,4»...
».952
0.606
».712
0.717
«.»>«
0.7,1
0.761
0.74»
0.602
0.751
~5.41
l')~O
19~1
54.16
•••
•••
1 ~')2 •••
l'Jj J. ••
1~S4 •••
1<;')') •••
1~')b •••
1'J:'7 •••
195d •••
19'):1 •••
l!1bu •••
1961 •••
1'J6o! •••
196J •••
1964 •••
196'; •••
19611 •••
1967 •••
196B •••
1IJb9 •••
1970 •••
1971 •••
19'12 •••
0.696
0.56»
0.010
0.7»?
0.77?
0.676
197 I •••
1974 •••
1'}7S •••
1,)71) •••
1 ~77 •••
1 ')73 •••
l'J7'J •••
1'JJU •••
1')·,1 •••
1 'Jdo! •••
~".69
';').IJ9
1)&.11)
OJ 1.'J7
')4.12
I)b .1.7
S'l.60
54.60
54.51
54.86
';4. ~O
';4.12
';4.01
';4.11
';4.'; J
'i').42
5~.69
'l~,. '; 1
')f).14
f,,,,.t;4
'j'-l.Il]
")',.71
56.14
")7. ]2
')',.f)2
")~.f)7
')f...27
';7.99
')~. 11
')1J.20
So .14
.Of)
')').'0
Ijl)
S4.4 )
5') .1)13
5·) .1J'l
:'6.2 ..
~4.
Sl
S.a .07
')o.Ol
'jb.l0
54.1d
')4.2'.1
";') .04
S4. )n
0;,4.4 J
51.90
S4.17
54.")7
';'). )0
• S7
!
Sf. .47
56.50
'j~,. 4]
'jf). 7 2
")6.';7
I)rl
S~.~
'1'0 TOTAL POPULATIUN 0'"
( Io't:IK:t-:NT)
~6.0
S5.4~
I
54.8"
55.11
')1).20
~4. 16
')".11
';'}.29
SI) .l:l
';4.0 J
r;,,,, .12
0;,', .Uti
56. Lu
'>4.U<;
S4.1 J
54.19
54.47
if, .eo
S·).2fi
S', .6;J
c
J
4.un
54.fi7
')6.tH
'l',.ttl
S j.'Jb
'l') .0')
"·J.lt
)4.0;':
54.14
'>4.14
54.2 )
54.11
54. B l
'j') .4"
I)') .64
1)-10')';)
0:.4.07
54. Il
)4.14
S').27
5'J.17
S5.IJ'j
506.41
56.5 ]
1)').26
')"'.-4')
'j6. '):']
,)'l.4")
5'l.')"
'j".~'j
s".a 2
'ji. I i
'J':f
"ill .84
57. J J.
")',.17
S'l • a ~J
,)6.'i ll
50.0j')
r,l:f .l4
')'J
'lij • '1 ~
';7.11,
')'1.1')
5').7]
56.4'i
57.'J'}
.21,
.17
':Id.1:j
5',
.r).~
5".~
7
',i.J. J7
")d .97
501 .S"
':IU.7 j
Sd. ';.l
~l.
0.766
.r)')
"i6
;\VI.I(~~;~.
51).54
54.~5
")"i.lfi
'>&.0 )
')') .41
'S.2')
':. 1. 7 1
"4.7 J
S6.18
"J'l.11
54.12
'.J.a.97
5 '.1 .,/.1)
54,O/.
')4.1 j
"4.14
'.>4, it')
';'> .1)7
S~.
0.191
0.147
»!l05
1946 •••
IIf41J •••
IIj'lO •••
l~C.1l •••
19:''': •••
IIJ5J •••
195" •••
191j,) •••
0.276
1 'J~6 •••
0.246
0.214
0.215
0.450
0.109
0.2!»
0.20»
0.101
1,50...
».251
0.25?
(1.26V
0.10«
0.129
0.154
0.410
19<)7 •••
1'J')8 •••
1'.j')9 •••
1.60 •••
1961 •••
1')61 •••
1961 •••
1964 •••
1965 •••
19&6 •••
1967 •••
19b~ •••
IlJtt!l •••
1'17U •••
1'11 1.. ••
197.l •••
1 '.17 J •••
1')74 •••
1'J7~ •••
11)7& •••
1971 •••
1'17ti •••
1')79 •••
1980 •••
In!. ••
19H2 •••
NOTE:
~
.9
~. 2
11.1
10.~
9. I
".J
8.7
11.4
11.7
In .4
la .5
I~. ]
lJ .5
11.7
15.1
1].fl
11.5
12.2
II.·)
9. I
9.4
'J.1
7.9
lu. "
Il.l
11.0
'.5
IlJ.7
16.b
1"l.2
12.9
11.1
10.1)
14 .4
0.4
U.1
ll. B
11l. H
U ••
0.4
OJ.';
14.2
Il.S
10.7
11.0
1';.';
11.1
ll.~
16.0
14.1
lI.2
ll.fi
ILl
9.2
d.7
7.9
U .0
IIJ.4
'" .4
10. 'j
U.7
o. I
12.4
10.1
S .4
".5
10.6
I J.4
II.~
10. ~
II. >15.1
1].0
14.1
" .0
14.5
11.0:,
12.0
11.1
u.
". "~
7.9
8. J
10."
1.2.1
U.>
11. it
il."
55.49
.4&
5').44
rn .60
,)J.'J7
,)4.tU
56.1l
5~,
5~.U j
~
1.95
'):J.04
5'l./.'j
'H.4.l
';4.29
54.08
')4.4')
S4.91J
5'). S2
5'1.78
5&.2')
')6.1)4
'}'j.97
J7
S1
~)b. 2 7
'16.2IJ
')6.1';
')') .41
r,(,.o1.
51) .19
')1. L 7
'J'l.17
5.,.21
")7.01
~'l,
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fl ll.f)I1
,)7.n.,
57. L L
5 r,.01
'l') .99
57.111
,)3.7IJ
5').11)
'jJ. ill
Sd.") ,
')'J,1l4
'l!.l.l'J
~d. 71,
("'I:.N~
».519
0.41»
'i6. )S
54.24
~~.]
l
IJ.IJ
" .0
7. "
111.9
14. I
II. 0
Itl.fi
12.1
14.9
12.fi
I~. 5
14 ••
14. ';
l.~ • 4
11.4
10.0
7.8
7.9
11.6
14.4
10.4
10.4
11.1
14.1
11.9
15.6
15. ~
14.5
11.6
11.1
10.l
11.7
ILl
7.9
U .6
u .~
1J.i'
7.9
03.2
lU.9
" .4
10.0
9 ••
10.b
•• 7
11.7
16. I
14.7
12.0;
11.2
1O.t)
14. I
11.fJ
1".'j
16.5
14.5
12.4
11.1
11.0
11.9
1,).1)
14.4
12.1
\1.0
11.1
U.7
•• d
a .8
1u .0
ILl
8.7
7. I
6.2
ll. !
I J.4
In.l
10.2
14 .4
14 . '
11.9
16.2
15. I
14 .0
11.~
11.fi
9.7
:1.1
7 .•
7.7
0.6
ll.ft
11.,l
12. 1
12.4
10.1
9.6
11.4
15.0
14 • ..,
Il. I
11.0
10.7
lJ. I
9.6
•• 7
15. I
16> .9
14.4
12.1
10.5
11.7
14. 1
These series contatn revtsioni begtnnlng w"ith 1970.
LA.BOR FORCE SURVEY
AVERAGE FOR Pt:;RIOD
S6.42
54.21
S') .40
')'>.91
':J~). l6
')'.J.
')U
',;J.41
':.I') .44
56.04
56.U'>
,1.92
'>5.11
')') . l l
'l4. DOl
5"'.06
54.l1
54.51
'j'.1.21J
'lr,.,)2
5" .sa
S".10
')"'. ')2
56.09
'jr,.41'1
'JI,.f)6
1)7.n4
r.,7.11'l
')'1.24
,)',.24
·.17.!1U
,);j.l)f,
'jl:f. ]0
')..;.11)
'Hi.'j1
1) j I(J~·.I' I ()'j uf
(iii...t:KS I
9.1
9.1
12.7
10.6
I
iIIIORKING AGt;,
U~k,'U'
55.90
54.16
'i1j.Ott
S'>.71
54.95
SS.2 J
'd.S')
'l'l.6S
~b.15
5').4')
54.10
54.91
~4
.'1')
,4.13
54.17
54. I")
54 .49
S'J.l J
55.66
5').94
I)f). ')8
')b .65
'j).92
')';.4B
"b.21
51). li9
Sf! .9'J
,)',.31';
'lb. "1. 1
S 7 ..21
'l~ .1,1)
','.1.0')
'l!:t.11
'jl) .44
S 5.91
54.49
55.02
~;, .19
5';.51
54.95
')J.8'J
5,).7 J
'>6.1J
SS.SY
I,j4.1u
54. tHJ
'.J5.,W
5La7
54.46
S4. l,'J
54.S0
',;4.99
,),).1;7
5) .92
'J'j. ,}9
'lb. 57
5':1.14
5S.4'J
r,b.09
56.99
5b. ')1
'j5. JO
56.11
';7.29
5B.74
59.15
')8.:.! 1
,> ... 01
55.74
54.14
')").98
')~, .62
5', .16
54.89
51.8i
'>~ .12
56.04
'1') .45
')4. J6
54.86
'j4.6"
54.11
54.10
54.11
54.4 J
5'.J.23
55.70
SS. C)1j
S'J.96
'>6.6 ;2
':J').
1~
55.55
S6.0')
57.22
')6.71)
S5.28
56.10
·,7.42
')t1.91
rJ I).22
rJU.21
'HJ.Ol
'i5.12
54.80
55.0 )
5t; .40
55.~a
54.71
5 j .0';
,5.91
55.61
5') .07
,4.29
54.4tl
";4.'J 1
':I4.l0
54.00
54.21
54.47
55.99
54.60
5'). S4
55.91
55.H
5J.98
~J. "'1
50 • .t4
S'.J.8'1
S'l.lS
54.29
55.11
54. S1
o;,,,.IlJ
'j ],99
54. II)
54.46
55.79
55.14
54.16
55.09
55.6.
56.21
54.17
54. \4
56.06
55.96
54.12
54.51
54.70
54.42
54.10
51.99
54.26
54.61
55.1J
55.54
55.74
56.14
56.56
55.44
55.30
56.52
57. Jl
55.16
55.77
56.46
58.01
59.21
5~.19
SSe )U
55.96
55. ~7
5b.07
56.61
1j5.66
',;9.2l
5';'80
56.15
56.20
56.68
55. '; J
55.76
S6. ]9
1j1.H
56.05
")'J.19
5".1.7
~7.9 1
59.01
59. )6
'id.1.7
'JiJ.26
59.09
l)7.ij ')
~7
.47
S8.41
7.S
u .1
II.~
11.8
10.1
".1
0.8
8.7
8.1
11.8
10.5
8.8
0.7
9.6
11.7
1I.9
10.6
10.9
15.7
lJ.2
lJ .iI
1 ~.4
14 .1
11.4
11.1
11.4
•• 1
U .9
S'l.1 j
r,6.21
.,7.1')
Sb.4S
")".2')
56.24
')7."1ri
S9.0 J
55.97
54.59
5 'L l6
55.76
55.19
55.51
51.16
54.74
56.11
55.70
54.0 I
55.01
55.21)
54 .I~
54.2';
54.15
54.67
54.96
55.41)
55.65
56.16
~6.42
56.21
55.14
56.01
56.89
57.11
55.09
Stj.lO
57.01
58.56
slJ .Or,
58. ]0
50.61
56.08
54.15
55.77
55.67
55.21
55.21
5J.62
55.61
56.12
55.71
54.07
54.94
55.12
54.01
54.10
54.22
54.50
55.11
55.62
55.91
56.02
56.';0
5,.92
55.46
56.12
56.97
57.02
55. ]U
56 .I~
57.19
58.66
59.25
58.16
5B.l )
55.82
54.51
55.7S
5).66
55.55
54.51
51.75
)5.96
55.92
55.26
54.11
54.82
54.7l
54.11
54.1Q
54.21
54 .45
55.27
55.82
56.04
56.08
56.64
55.66
55.6B
56.22
57.29
56.43
55.27
56.20
57.70
58.98
59.27
58.25
57.7U
55.91
54.70
55.10
55.75
55.46
55.17
5].82
55.11
56.05
55.68
54.18
54.82
54.95
54.18
54.24
54.14
54.47
54.99
55.55
55.79
56.00
56.50
56.08
55.48
56.04
56.92
56.90
5~.26
5b .01
57.09
58.55
59.20
56.47
58.28
I.... )"t I·h·;:n'
AVERAGE t'OR PERIOD
B .6
10.U
12. S
9.l
7.5
7."
12. I)
1l.8
10.5
10. I
14 .~
14.1
12 .~
17.1
14 .6
14 .0
14.7
11.fi
'1.1
o. J
U.4
7.:1
" .9
11.')
Il.d
9.6
9.9
15.0
1'.>.7
1401
Il.1
lU.l
11.9
14.1
U.
a
11.U
U.2
9. I
7._
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1.2.1)
12.1
12 .0
10.1)
l~. 7
1 J. 7
['.2
17.0
14
.~
11.9
H.D
11.9
'l.U
.. 9
8. I
7.9
U .11
11. ")
ll.it
9."
9."
15 .~
1') .6
1l.CJ
11.4
10 ••
1:.1.4
14. J
U.':'
11. 1
ll.2
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8.1
7.1
12.9
II. 7
11.B
CJ.f.1
16.')
11. 7
12.9
16.1
14.1
14.2
12.7
II..
10. I
a .4
8.2
".0
S.9
~.5
10. ~
12. ]
U .9
9.1
7.l
11. 1
\1.5
11.6
II. I
16.5
12.'
I 1.5
l").9
14. I
1.1.9
12.6
12.1
10.1
u.7
11.4
7.6
U.7
11.~
l.l.6
U.1
~ .4
Cj .6
16.1
1~ .l
11.7
lu.2
9.9
15 .4
14.0
13.7
II. 7
IU.5
13.2
11.6
11.5
10 .6
11 .0
11.7
l'.J . l
1U.7
'J.7
9.5
7.9
1J.2
11.1
10.9
10.4
16.4
11.1
11.9
17 .0
1l.1
IJ. 1
14.0
11 .7
9.7
U .9
11.1
0.0
'J.l
1.1.0
11.4
9.9
9.6
U, .6
15. I
Jj .6
11.1
10.6
IJ.'>
11. I
U .0
11.4
12.0
11.4
10.4
15.7
11.1
12.4
15.8
1l.6
11. 1
12.7
11.4
9.5
o .~
il.2a .0
'J.U
11. ')
11.4
'I. 'j
10.1
16. S
15.1
Il .6
10.6
10 ••
lJ.'i
l..!.O
8.0
8.1
10.5
12.1
10.7
9.6
II. 4
16.5
14.8
12.6
11. 1
10.1
14.1
8.8
9. )
12.8
9.7
8.0
8.0
1I.~
14 .0
10.';
10.4
11.2
14 .8
12.1
15 ••
1'1.2
14. 1
11.2
11.4
10.2
8.6
8.1
7.8
B.5
\1.2
12.4
9.9
9.7
IJ.9
15.9
14 .fi
12.2
10.8
11. 2
Il.~
8.6
11.2
12. 1
9.1
7.7
7.7
12.7
12.6
11.4
10.1
15.6
11.9
12.6
16.lI
14 .4
14 .0
11.5
11.8
9.9
0.';
8.1
7.9
8.9
II ••
\1.9
9.6
9.8
15.6
15.5
14 .1
11.7
10.5
12.4
14.0
8.5
11.4
11.2
9.1
9.1
7.7
11.1
11.6
11. ]
10.6
16.2
11.0
\l.1
16.2
\l.7
11.5
1].1
\1.7
9.8
8.7
0.2
7.9
•• 1
12.0
11.5
9.9
9.9
16.2
15.2
11.6
11.1
10.6
11.4
11. 2
8.6
10.0
12.1
9.7
8.4
8.0
11.8
\l.0
11.1
10.5
11.9
14.4
12.8
15.6
14. 7
14 .0
11.1
\1.8
10.4
8.7
8.4
7.6
8.6
11.1
12.0
10.0
9.8
14 .2
15.8
14.1
11.9
10.8
11.9
11.7
(I\·.CH 1982)
0.521
0.612
0.576
0.259
0.110
0.469
103
C. Historical Data for Selected Series-Continued
Year
Jan.
I Feb. I Mar.
Apr.
I May I June
I Aug. I Sept.
July
Oct.
I Nov. I Dec.
IQ
92. CHANGE IN SENSITIVE CRUDE MATERIALS PRICES ( Pt?I OF Ct{UDE MATERIALS LE:SS I\GJUCUL'fURAL PRODUC'l'S) ,
MONTHLY DA'fAI
(MONTHLt RATE, PERCENT)
1948 . . .
1949 . . .
1950 . . .
1951 . . .
1952 •••
1953 ••.
1954 ••.
195') •••
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 . . .
19B1. ..
19B2 . . .
1. 83
-0.76
O.
1.61
-0.73
-0.65
-1.2,
2.36
1.17
-1.04
-0.84
0.3D
-0.10
-0.32
0.72
-0.63
O.
-1.98
1. 07
-0.59
-0.29
0.48
0.7B
0.50
0.40
0.94
4.>9
-2.09
-1.15
-2.11
-0.04
0.84
1.21
'2.74
0.68
-2.51
1.69
0.19
-0.42
1. 6 3
-0.81
2.0ll
-1. 7 3
-1. 34
l.05
1.41
-1. 6'>
0.63
-0.31
o .ll
-0.32
O.
1. 25
-0.99
0.20
O.
1. 20
O.
0.16
1. 22
5.89
0.32
-1.46
3.43
0.13
2.32
1.48
6.64
-0.45
-1. 34
1.43
O.
0.21
0.21
-0.46
0.54
U.98
-0.63
-0.52
0.79
-1. U8
1.16
-1.12
O.
0.32
0.30
0.76
-0.80
O.B
1. 53
0.25
-0.33
1. 58
0.07
4.27
-1.90
1.09
0.73
0.25
2.87
-1.44
-0.62
3.37
-4.53
1. 76
f} .09
-0.63
-0.53
1.52
0.75
1.07
-1.76
-0.84
0.29
0.30
0.73
-0.93
-U.21
1.48
0.71
-0.28
-1.21
-1. 56
1. 41
0.59
1.49
-0.39
2.05
5.28
0.83
3.19
1. 0 3
2.53
1.00
0.54
1. 71
1.41
-3.08
3.00
-0.20
0.21
-0.43
2.64
-0.53
-1.44
1. 59
[).53
O.
U .20
0.31
-0.31
O.
-0.42
1.20
0."
0.61
-0.7')
0.93
0.25
-0.09
0.70
2.35
-3.30
1.65
1.46
1.44
1.53
2.74
0.07
2.25
-0.21
-0.98
4.03
-1.78
-2.64
1. 61
-0.56
0.11
-4.19
2.06
0.53
0.39
-1. 20
0.10
-0.84
-0.11
0.42
-0.40
o .6b
0.71
0.7U
1.10
.2.90
-0.87
O.4,l
-0.16
0.39
2.64
0.84
0.94
1.15
-0.67
2.57
4.1 L
0.96
0.23
1. 08
-1.90
-0.65
1. 06
-0.56
'3.20
0.20
-0.2')
0.6J
O.
-0.71
0.51
-0.11
O.
0.J3
0.10
U .19
U.I0
U.99
1. 27
-0.50
O.B 1
1. 0 1
1.12
6.03
-0.04
3.14
0.45
1. 84
0.93
2.04
-0.52
U.
3.51
-2. S 2
-0.33
-1. 36
-1. 13
1. 86
2.34
-1. 2,
0.73
o.
-1.02
U.51
-0.32
-0.64
1. 24
0.99
-3.113
O.
O.
1.61
-1.01
-0.16
1. 53
1. 6 3
0.09
0.04
-0.91
0.71
0.10
0.46
2.41
-0.94
1. 24
2.57
-0.80
-0.66
-2.0 :.2
O. II
2.4'3
O.4Y
-2.54
0.93
(}.59
-0.41
0.30
0.32
0.11
O.
-0.20
-u .19
O. JO
0.29
1.06
1. 27
0.49
0.45
1.40
0.70
2.85
-0.36
0.37
1.34
3. 33
2.06
-1. 27
-0.43
1.30
-0.80
0.99
-2.6[)
O.
0.73
2.26
-2.63
0.11
-O.ll
2.17
-0.59
0.20
0.67
0.20
-2_111)
-2.2<;
0.41)
O. sa
-0.73
2.45
0.2')
-1.
U. ':>i
-0.32
0.43
0.81
o .4Y
-u .19
0.2U
1.1<3
0.17
1.68
0.24
1. 35
2.85
0.22
-0.52
2.28
0.44
1. 65
2.73
2.46
O.
1. 27
-2.5,l
-0. L 1
U.l1
0.61
<J.4')
-u.2')
lj.'JO
0.50
0.09
-1. 90
-0.64
1. 70
5.90
0.30
0.91
1. 68
0.74
1. 24
1.97
2.31
I II Q I III Q I IV Q
Annual
AVEHAGE f"OR peRIOI)
-0.75
-0.36
1. 35
-0.21
0.98
-1.90
-1.11
2. DC)
1.84
0.63
-1.29
-0.137
D.
0.93
0.1)9
-1. 54
1.04
0.60
-0.31
o .4U
-0.84
1. 66
U.14
lJ.53
1.11
0.11)
-0.7u
-1.02
-0.10
0.83
-1. 2 l
0.49
-0.24
-0. l7
O.
-0. '16
1.01
O.5Y
-O.H
0.48
0.61
1.63
1.62
1.02
3.70
-2.01
1.60
-1. 69
2.24
0.79
1.96
1. 45
0.21
0.67
0.74
0.06
0.71
0.74
4.85
-1. 22
-0.51
0.70
0.11
2.01
1. 08
2.92
u.!).,
1. 52
-2.86
2.91
-U.66
-1. Ol
\}.22
1.20
0.11
-1. 52
0.61
0.07
0.23
-0.23
0.38
-0.69
-0.11
0.49
0.50
0.19
0.04
-0.55
1.15
0.42
0.42
0.23
2.15
0.94
1. 14
1.9)
0.60
2.21
2.62
0.52
1.40
0.48
0.79
2.19
-1. 74
-0.55
-0.77
-0.5 j
2. ')0
1. 18
-1. ,6
0.76
0.20
-0.71
0.44
-0.04
-0.18
0.69
0.30
-1.06
0.11
0.43
1. 31
-0.08
0.38
1.00
2.0')
2.27
0.95
0.62
0.5 L
l.0':1
1. 51)
2.17
-0.67
-0.04
1. SO
-1. 21
0.69
-1. 54
0.50
0.57
1.l"l
-1.41
0.52
O.
-0.59
-0.36
0.11
0.36
0.91
0.39
-0.42
0.56
0.7'5
0.29
0.49
0.41
1. 16
4.15
-0.76
0.66
[).76
1.14
1. 2 3
2.22
2.07
0,1)0
-0. 9 1
2.04
-0.7'>
-0 30
-0.42
o .1u
1. L l
U.23
-0.7'J
0.31
1).31
-0.6'}
0.24
-0.21
-0.02
0.52
0.16
-0.07
-0.01
0.21
0.86
0.39
0.32
O.
~2
2.12
1.B2
O.1f3
0.70
.j.74
l.16
2.il
1.46
92. CHll.NGE IN SENSI'rrVE CHUDE MATERIALS PRICES (PPI OF CKUDE MA'rERIALS LESS AGRICULTURAL PRODUCTS) ,
S~OOTHEU
1948 . . .
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 . . .
1930 . . .
1981 . . .
1982 . . .
1.99
-0.59
0.04
1.77
-1. 20
0.42
-1.31
0.61
0.06
0.91
-1.12
0.16
-0.06
-0.47
-0.32
0.05
o .2B
0.44
0.49
-0.49
o.4B
0.63
0.39
0.29
0.43
1. 29
4.41
-1.15
0.56
0.03
1.06
1.09
2.30
2.12
L 72
-o.n
0.28
1. 39
-0.82
0.40
-1. 20
0.88
0.83
U .25
-0.27
-0.03
-0.50
-0.12
0.08
0.06
0.14
-0.12
0.71
-0.67
0.28
0.42
0.6B
0.41
0.59
1.14
4.66
-1. 53
0.06
-0.41
0.89
1.14
2.30
2.89
1.17
-1. 44
0.74
0.82
-0.313
0.52
-1. 00
1. 39
0.32
-0.60
0.09
0.49
-1. 04
0.30
0.10
-0.03
0.03
-0.39
0.93
-0 79
0.20
0.49
0.80
0.39
0.72
0.90
4.7 r;
-1. 37
-0.42
u.30
0.46
1.66
1.65
3.26
0.94
-2.16
1. 33
0.35
-0.30
0.42
-0.38
1.39
0.12
-1.14
-0.10
0.83
-1.14
0.66
-0.51
-0.10
0.25
-0.11
o .BO
-0.90
0.02
0.82
0.71
0.22
0.53
0.93
5.00
-0.74
0.22
1. 22
0.56
2.04
0.64
2.75
DATAl 2
1. 32
-2.09
l.B4
0.01
-0.17
0.09
0.66
0.69
0.15
-0.77
-0.19
0.59
-0.77
0.79
-0.79
-0.05
o .4B
0.54
0.40
-0.73
-0.35
1.13
0.52
0.37
0.54
1. 30
3.61
-0.03
1.43
1.41
1. 21
2.13
-0.04
1. 84
570. l';MPLOYMEN'f
1948 . . .
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 •••
...
...
...
...
...
...
...
...
...
...
1,218
1,249
1,250
1,235
1,303
1,369
1,307
1,228
1,357
1,5813
1,719
1,691
1,546
1,262
1,109
1,154
1,179
1,185
1,096
1,069
1,120
1,242
1,346
1,383
...
...
...
...
...
...
...
...
...
...
1,211
1,254
1.246
1,240
1,316
1,366
1,294
1,224
1,302
1,614
1,723
1,67.2
1,521
1,238
1,115
1,155
1,179
1,153
1,092
1,074
1,125
1,262
1,352
1,379
...
...
...
...
...
...
...
...
...
...
1,210
1, 255
1,244
1,244
1,326
1,354
1,285
1,230
1,406
1,630
1,719
1,6UU
1,503
1,213
1,117
1,157
1,182
1,156
1,093
1,069
1,138
1,270
1,357
1,380
...
...
...
'"
...
...
...
...
...
...
1,212
1,2<)9
1,240
1,240
1,330
1, 350
1,271j
1,237
1,430
1,64S
1,713
1,6136
1,472
1,190
1,123
1,160
1,185
1,138
1,087
1,085
1,143
1,202
1,359
1. 383
'"
(MONTHLY
DEIo'ENSE
HA'fE,
PERCEN'r)
1 44
-2.25
1. .H2
-0.99
-1. 02
U .48
1.48
-2.92
2.50
-0.36
-u. :'4
-0.02
1. 22
0.18
-0.66
0.17
-0.10
0.29
-0.35
0.56
-0.74
-0.09
0.48
0.62
0.21
-0.21
-0.53
1. 22
0.39
0.39
J. 4 3
1.92
1. 51
0.67
1.92
0.83
1. 82
2.41
0.12
1. 26
0.135
0.52
-1. 66
0.87
0.32
0.13
-0.40
0.34
-0.56
-0.07
0.38
0.40
0.27
0.25
-0.12
1.12
0.24
0.30
0.47
2.19
1.07
0.99
1.9 j
O.5U
2.10
2.60
0.77
PRODUC'l'~;
1. 04
-1.13
"L.7')
-1. 69
-1.12
0.59
-0.12
1. 3 2
-1.10
0.65
0.60
0.11
-0.77
0.34
-0.42
-0.14
0.55
0.26
-0.21
0.37
0.4,
1.21
-0.15
0.18
O.!H
1. 92
1. 75
0.53
1. S2
0.28
L 74
2.21
1. 4 1
AVI:::AAGE FOR PERIOD
0.60
0.09
2.1) 3
-1. 90
-0.21
0.8';
2.51
-u .BU
-0.17
-0.64
2.11
0.40
-0.59
0.70
0.16
-0.84
0.41
-0.21
-0.21
U.76
0.26
-0.92
0.20
0.49
1. 12
-0.22
0.27
0.99
1.92
2.29
0.6 J
0.08
0.34
1.30
1. 71
1.99
-U.27
-1. 38
-0.07
l.86
1.19
-1.74
1.07
0.24
-0.77
0.44
-0.07
-0.11
0.69
0.36
-1.12
0.15
0.46
1. 1)
0.23
0.28
1. 0 5
2.34
1.30
0.87
0.40
U.51
1. 06
1.39
.2.24
...
...
-1.
51)
-O.U 2
1. 04
2.42.
-1. 39
0.07
-1. 78
U.6U
0.96
0.94
-2.30
1. 31
0.39
-0.77
-0.06
-0.09
0.09
0.53
0.34
-0.70
U.32
0.59
0.69
O.5U
0.11
1. 14
3.34
0.37
u.~ 1
0.77
0.51
1. 22
2.44
2.29
-0.70
0.56
2.01
-1.31
U.42
-1. 56
U.73
U.62
0.91
-1.94
0.89
0.24
-0.66
-0.46
0.02
0.29
0.69
0.32
-0.32
0.51
0.71
0.36
0.42
J.22
1. 26
4.10
-0. L3
0.87
U.98
0.03
1. 32
2.46
2.1a
1.63
-0.98
0.3')
1. 33
-0. so
0.45
-1. 20
0.%
0.67
0.19
-0.41
0.21
-0.5)
-0.10
-0.05
0.03
0.15
-0.02
0.71
-0.65
0.32
0.51
0.62
0.36
...
.. .
.. .
...
....
..
...
...
...
. ..
O.5U
loll
4.61
-1. 35
0.07
-0 .. 03
0.80
1. 30
2.08
2.76
...
...
...
...
...
...
...
...
...
1,210
1,267
1,233
L,25')
1,340
1,347
1,266
1,247
1,457
1,650
1,713
1,602
1,441
1,179
1,125
1,165
1,107
1,152
1,084
1,088
1,162
1,287
1,363
1,383
...
...
...
...
...
...
...
...
...
...
1,222
1, 271
\,201
1,2':17
1,350
1,345
1,25U
1,254
1,47U
1,662
l,71a
L,65a
1,42i
1,167
1,124
1,169
1,189
1,139
1,071
1.098
1,173
1,296
1,359
1,385
104
-0.58
0.82
2.31
-1.42
0.07
-1.57
0.46
1.15
1.01
-1. 99
1. 09
0.29
-0.71
-0.03
-0.05
0.09
0.6')
0.34
-0.71
0.11
O.SY
0.73
0.40
0.20
1.15
3.26
0.50
0.89
0.74
0.62
1. 20
2.26
2.24
0.01
-0.98
1.81
-0.40
-0.52
-0.17
-0.05
1.04
0.19
-0.52
0.27
0.31
-0.67
0.23
-0.29
-0.01
0.44
0.24
0.04
-0. l7
0.2£
O. uS
0.3[1
0.29
0.7S
1. 94
2.54
o .Ob
0.86
0.1) 3
L.2 "3
1.98
1.49
AVEHAGE l"OR PERIOD
...
...
...
...
...
...
...
...
...
...
1,224
1,280
1. 21 J
1,259
1,361
1,337
1,24b
1,267
1,502
1,668
1,717
1,65'J
1,400
1,150
1,124
1,171
1,193
1,119
1,059
1.109
1,184
1,305
1,364
...
...
...
...
...
...
. ..
...
...
...
1,229
1,2.77
1,2.2[1
1,25'j
1,369
1,332
1,23':.1
1,276
L,52'3
1,675
1,725
1,643
1,37.3
1,147
1,127
1,17S
1,152
L,l21
1,069
1,101
1,193
1,306
1,369
...
...
...
. ..
..
....
...
...
...
1,23]
1,274
1,224
1.262
1,36\.J
1,328
1,1.36
1,20'::1
1,537
1,6<36
1,708
1,627
1,353
l,141
1,136
1,171
1,138
l,l L4
1,069
1,101
1.195
1,317
1,372
...
...
...
..
....
...
...
...
...
1,239
1,2fJ6
1,213
1,274
1,370
1,32B
1,232
1,300
1, 554
1,699
1,691
l,61l
1,3H
1,132
1,134
1,17'1.
1,197
1,103
1, 06')
1.066
1,207
1,328
1,376
...
.. ,
...
..,
...
...
...
..
....
...
1,246
I, 25~
1.2)0
1.283
1,371
1. 117
1,1.31
1,31'J
\,573
1, 70~
L,7U1
L,5UU
1,299
1,123
1,144
1,176
1, L93
L,039
1,063
1,068
1,21.IJ
1,340
1,379
...
.. .
.. .
1,249
1,25()
1,232
1,292
1,371
1,3 Ii..!
L,2,lU
1,311
1,57;'
1,7113
1,703
1,56'J
1,281
1,114
1,152
1,176
1,180
1,OUY
1,06e
1,093
1,236
1,346
1,380
...
...
...
...
...
...
...
1,213
1,253
1,247
1,240
1,315
1,363
1,29')
1,227
1,382
1,611
1,720
1,6U4
1,523
1, ?313
1,ll4
1,155
1,180
1,165
1,094
1,071
1,128
1,261
1,352
1,331
lThis series contains revisions b~ginning with 1977. 2This series is a weighted 4-term moving average (with weights 1,2.2.1) placed
on the terminal month of the span. 3This series contains revisions beginning with 1980.
1.0l
-1.10
2.75
-1. 5 3
-1.01
0.30
0.03
1. 32
-0.79
0.31
0.54
0.16
-0.67
0.36
-0.40
-0.14
0.56
0.31
-0.29
0.27
0.27
1. 22
-0.04
0.25
0.77
L ,0 1
1.70
0.71
1.44
0.37
1.71
2.17
1. )9
INDUS'l'HI [.:.;3
(,£liOUSANOS)
...
1.25
-2.66
1.99
O.
-0.14
0.16
0.50
0.75
-0.11
-0.58
-0.11
0.57
-0.75
0.67
-0.68
-0.03
0.411
0.35
1).47
-0.61
-0.29
1. O.
0.54
0.33
0.52
1. 38
3.37
-0.03
1. 19
1.15
1. 20
2.19
0.24
1. 95
...
...
...
...
...
...
...
...
....
..
1,215
1,266
1,225
1,251
1,340
1, 347
1,267
1,246
1,455
1,652
1,715
1,675
1,44S
1,179
1,124
1, l65
1,187
1,143
1,081
1,090
1,159
L,28B
1,360
l,3B4
...
.. .
....
..
.. .
. ..
...
...
...
.. .
1,229
1,277
1,222
1,259
1,366
1,332
\,239
1,277
1,521
1,676
1,717
1,64 J
1,375
1,146
1,129
1,172
1,17:}
1,122
1,066
1,105
1,191
1,309
1,3b8
.. .
...
.. .
...
...
.. .
.. .
.. .
.. .
.....
.
.. .
...
...
...
...
.. .
. ..
.. .
.
..
1 ,24~
1,260
1,227
1,283
1,371
1,321
1,230
1,31')
1,569
1,709
1,69H
1,586
1.,300
L, L23
1,143
1, l7 5
1,190
1,094
1,065
1,07G
1,221
1,338
1, :378
1,225
1,264
1, '2)U
L,2'}9
1,34B
L,341
l,25U
1,266
l,4B2
1,662
1,712
1,647
1,411
1,171
1,12B
1,11)7
1,184
1,lH
1,376
1, DBS
1,175
1,299
1,36':>
(MARCH 1982)
C. Historical Data for Selected Series-Continued
Year
Jan.
I Feb. I Mar.
Apr.
I May I June
72. COMMEHCIAi. AND INClUt.iTRIAL LOANS
OU'1'S'1'AI~DING
(MIL1~IONS
1948 •..
1949 ••.
19'0 ...
195L ••
1952 •••
1953 •••
1954 •••
1950 •••
1956 •••
1957 •••
1958 .••
1959 •••
1960 •••
1961. ••
1962 •.•
1963 •••
1964 •••
1965 •••
1966 •••
1967 ...
1960 •••
1969 •••
1970 •••
1971. ••
1972 •.•
1973 •••
1974 •••
1975 •••
1976 •••
1977 •••
1978 •••
1979 •••
1980 •••
1981. ••
1982 •••
1'3,417
14,OSS
L:!,677
16,503
19,632
21,227
21,000
20,529
24,515
,0,695
29,171
28,567
11,433
32,999
'3 '3,582
16,039
38,931
43,562
53,062
60,701
0;5,333
73,450
83,205
83,235
77,837
86,656
104,606
126,604
114,243
110,939
119,769
136,720
159,510
174,009
13.358
13,97<)
12,764
17, lib
19,641
21,277
21,064
20.6':t2
24, f)~J6
2.6.12.0
28,835
28,583
31,870
32,966
33,712
36,126
39,195
44,618
53,900
61,023
65,590
74,100
34,229
83,71')9
78,572
91,207
106, lOB
125,676
114,378
111,693
120,B56
138,952
162,171
17 3,418
13,"371
13, B61
12,7b3
U,579
lSl,761
Ll, 4 30
21,036
20.916
25,414
29,102
28,728
28,820
32,093
33,111
31,907
36,251
39,201
45,563
54,585
61,592
65,843
74,886
84,462
83,851
78,853
94,344
1013,541
123,826
111,7'J9
112 f 38U
122,7U4
139,850
162,861
171,83a
13,473
13,605
12,849
IB,07'J
19,742
21 ,67~
20,967
21,049
25,932
L9,503
20,504
29,092
32,293
33,079
34,121
36,458
39,554
46,203
SS, 0 22
61,996
67,010
76,283
84,770
83,163
79,456
95,910
113 ,215
122,681
108,342
112,650
124,55(1
143,620
163,395
174,814
m'
I Aug. I Sept.
July
dEEKLY
UOLLARS)
I
R.EPORTING
13,834
13,409
12,93lJ
14,065
13 ,163
13,2"'2
14,18S
lU ,4':13
19, BO')
21,816
20, B 11
:.u .416
26,4413
29,650
28,163
29,573
32,591
33,02f)
34,269
36,626
39,002
47,209
55, B7 7
62,132
67,184
77,4 S 7
35,241
83,716
79,930
97,0132
114,B46
120,86U
108,613
113,123
126,903
146,334
160,445
178,261
13,619
14,461
lL,1)41
14,696
18,646
1:3,757
13 , UGS
19,96')
21,747
20,650
21,7<';6
26,799
30,033
28,079
30,042
33,011
32,9Cj5
34,509
36,740
40,137
47,718
56,955
62,494
67,664
78,541
35,420
133,701
20,141
21,77U
20,6':11
20,1YO
Ll,934
19,804
13,96U
LO ,331
1.2. t!44
L2.,664
27,145
30,24528,039
30.026
32,993
33,012
34,740
36,872
40,428
48,072
S7,838
62,824
68,0 15
79,055
35,599
33,101
79,906
100,376
119,524
118,148
108,541
114,290
129,652
151,426
161, BB7
27,4ltl
30,2\35
27,941
30,456
32,840
33,111
35,038
37,047
40,839
49,139
58,857
62, B7S
68,6ll1
79,884
86,220
34,437
80,532
102,5313
121,842
117,042
10e,352
115,326
130,384
153,6':J5
163,608
79,90~
93, 'j31J
116,207
119,076
109.108
114,196
129,018
14U,746
161,432
I NDV.j
Dec.
IQ
I
I III Q I IV Q
II Q
Annual
AVERAGE FOR PERIOD
14,507
12,660
14,057
12,!3 33
Oct.
lARGE CO"lNEI{CIA.L HAIJKS 1
21,319
19,753
2L.Y77
L.7,77U
JO,314
28,122
30,646
32,956
33,214
35,313
37,341
41,418
00,141
59,328
63,201
69,"3 )9
80,889
86,230
86,139
80,952
102,134
124,!3S5
116,004
10B,750
115,752
131,160
156,872
16'),775
14,356
12,670
15,027
19, l i t
20,650
21,640
19,71G
23,421
27,8,)U
2t) ,9b9
28,215
)0,915
32,996
"33,21S
35,635
37,821
41,620
50,812
59,322
63,587
70,163
82,073
84,649
35,677
32,610
102,079
125,00U
11~, 732
10lJ,312
116,660
132,079
157,032
167,933
14,196
L::,604
15,462.
19,194
21,031
21,451
19,955
2. 3.771
20,199
29,573
2<1,342
31,076
33,118
33,280
35, <) 3~
38,579
42,068
51,fjSO
60,282
64,065
71,105
<.12,627
03,982
35,5tJ3
rn,774
102,212
125,904
11'),447
110,364
118,007
133,47')
156,195
171,59:.:!
14,Otn
U,')7J
15 I Y86
19,411
LI,l33
L 1,058
20, J 14
24,110
2U,395
2') ,517
23,496
31,280
33,013
33,429
30,936
39,045
42,737
52,300
60,532
64,830
72,210
83,365
83,5tS6
35,216
84,781
102,910
126,422
115,416
111,061
118,709
13],269
156,270
173,483
13,382
13,965
12,735
17,066
19,6711
21,311
21,033
2C'l,712
24,872
28,2<;6
28,911
28,657
31,799
33,025
33,734
36,139
39,109
44,581
53,852
61,100
65,590
74, 17~
83,965
83,598
78,421
90,762
106,418
125,369
113 ,460
11 J. ,673
121,136
138,510
161,514
173,088
13,791
13,392
13,009
18,393
19,840
21,746
20,B09
21,420
26,393
29,72Q
28,267
29,569
32,632
33,01B
34,300
36,608
39,853
47,043
50,951
62,207
67,286
77,427
35,144
83,527
79,764
97,310
114,773
120,875
108,854
113,126
126,826
146,236
161,757
178,023
-1.26
0.35
J. 97
1. 7 2
3.23
-2.10
-0.42
5.33
0.96
-4.86
1.12
3.23
0.48
0.01
-1.92
-0.79
5.22
1.00
4.57
-2.27
2.84
4.20
4.09
-4.75
1. 5 2
1.93
1. 46
0.78
3.6')
9.10
5.32
10.06
0.52
5.74
11. 30
6.6:'
-i:J .00
-0.90
13.97
1. 60
10.85
-3.42
12.62
16.1f)
16.80
-10.04
43.91
-1.ll
-0.37
6.29
2.60
1.22
-4.72
4.31
4.07
2.35
-0.67
1. 85
2.54
-1. 20
1. 7'1
0.56
5.59
8.03
7.00
J. 00
9.18
13.26
8.86
-4.99
-4.50
12.08
0.38
6.22
-0.37
8.36
8.42
-2.52
0.90
22.69
0.85
-0.90
0.76
6.37
1.40
1.19
-0.09
2.41
5.22
3.15
-3.15
1. 29
2.85
0.37
1.91
1.06
0.62
11. 30
9.14
4.24
4.05
10.70
4.39
1.14
2.77
-2.79
1.91
4.27
O. B3
1. 27
-1. 54
J. 52
0.54
3.40
-2.GO
4.89
3.67
-0.62
2.41
1. 96
3.75
8.25
9.48
3.61
7.28
14.62
3.81
-0.60
4.21
18.38
30. B6
-19.00
-10.60
7.23
24.94
35.55
-5.72
36.62
...
1,008
., .
180,9~4
14,451
12,711
14,124
18,863
20,237
21,844
20,069
22,628
27,447
30,301
20,034
30,376
32,930
33,119
35,032
37,OB7
40,895
49,117
58,674
62,967
68,67U
79,943
86,016
(14,559
80,463
101,699
122,074
117,065
108,54B
115,124
130,399
153,998
163,757
14,213
12,616
15,492
19,239
20,930
21,303
19,996
23.767
28,151
29,686
23,301
31,093
33,044
31,308
35,853
38,4B2
42,143
51,587
60,212
64,161
71,159
!32,6BB
84,066
85,497
33,722
102,400
125,77'.5
115,532
110,246
117,792
132,942
156,499
171,003
13,959
13,171
13, B 40
13,390
20,173
21,571
20,477
22,t32
26,716
29,646
28,391
29,924
32,601
33, lIB
34,730
37,079
40,501
48,082
57,172
6:l ,610
68,178
78,55l1
84,7913
84,295
OO,5~2
98,043
117,260
119,710
110,277
114,479
127,826
148, Bl1
164,508
112. NET CHANGE IN BANK LOANS '1'0 BUSIN8SSL:S'
(ANNUAL RATE,
1948 •••
1949 •••
1950 •••
1951 •••
1952 ••.
1953 •••
1954 •••
1955 •••
1956 •••
1957 •••
1908 •••
1959 .• ,
1960 •••
1961. ••
1962 ••.
1963 •••
1964 ••.
1965 •••
1966 •••
1967 •••
1968 •..
1969 •.•
1970 •••
1971. ••
1972 •••
1973 •••
1974 •••
1975 •••
1976 ••.
1977 •••
197e •••
1979 •••
1980 •••
1931 •••
1982 ...
3.11
-0.33
1. 25
6.20
2.65
1.13
-0.70
2.5B
4.86
3.60
-4.15
0.85
0.64
-0.23
1. 84
0.64
-1. 37
9.90
9.14
2.03
6.04
14.eu
-1.92
-3.97
...
22.50
20.35
2.18
-14.08
-1.46
12.72
41. 4 \
38.88
6.31
-0.71
-0.91
1.04
7. 36
0.11
0.60
0.77
1.96
2.00
0.30
-4.03
0.19
5.24
-0.40
1. 56
1.04
3.17
12.67
10.10
3.86
3.14
8.88
12.29
5.69
e. B2
55.57
18.02
-11. 14
1.62
9.05
13.04
26.78
31.93
-7.09
0.16
-1.42
-0.01
5.56
1.44
1. 84
-0.34
2.69
8.74
5.54
-1. 28
2.84
2.68
1. 74
2.34
1. 50
0.07
11. 34
0.12
6.83
2.98
8.35
2.80
1.70
3.37
36.6U
29.20
-22.211
-31.43
8.34
23.14
10.87
3.28
-18.%
1. 22
-3.07
1. 03
6.00
-0.23
2.94
-0.83
1.60
6.22
3.85
-2.09
3.26
2.40
-0.3B
2.57
2.48
4.24
7.613
5.24
4.80
14.00
16.76
3.70
-8.26
7.24
18.79
56.09
-13.74
-35.00
3.24
21.29
45.2 S
6.41
35.71
4.33
-2.35
1.04
4.49
0.80
1.69
-1.87
4.40
6.19
1. 76
-4.61
5.77
3.58
-0.71
1. 7U
2.02
3.94
10.96
10.26
1.63
2.09
14.09
5.65
6.64
5.69
14.06
19.57
-21. 76
-2.75
5.58
28.14
32.46
-35.40
41. 3(,
BII.L.rONS OF DOLLARS)
2.77
-2.95
3.67
2.32
1.92
-0.83
-1. 9 3
4.06
4.21
4.60
-1.07
,.63
5.04
-0.7:.3
2.80
1. 37
3.06
3.84
-3.96
4.52
1. 13
2.06
0.37
0.01
5.10
4. 15
2.54
-0.48
-0.19
-0.22
0.613
2.77
1. 5U
b.11
4.2')
10.60
3.96
4.21
6.17
2,1 'J
-7.2U
0.01
17.24
39.20
-11. 14
-6.no
1.10
7.61
32.16
1).46
12.94
4.34
0.76
13.01
2.15
-0.18
-0.30
22.28
16.93
-21.50
5.94
12. B8
25.38
28.94
11.114
32.80
3.41)
AVERAGE eOR PERIOD
1.46
-2.08
S.26
1. 30
0.59
1.87
-10.16
0.04
3.28
0.48
-1.18
0.16
-1. 34
1. 4 3
3.5fJ
2.10
4.'B
12 .80
12.2 J
U.61
L9'J
9.95
7.45
16.01
7.01
20.94
27.32
-13.27
-2.27
12,37
8.78
27.2;
20.6 S
-0.55
-0.23
7.67
1. 24
2.29
-1. 38
-0.61
3.76
4.32
l.07
2.17
£.28
1. 39
1.00
J. 36
J. 53
6.1)5
12.02
5.65
3.94
7.90
1<.06
U .12
20.42
O. 04
-4.25
36.10
-12.46
4.713
5.11
Y.31
38.12
26.00
).80
5.76
2.48
u.05
5.93
4.61
9.3'J
14.:.2 1
-111.Y7
-0.54
19.90
-1. 26
1. 7 4
-3.26
6.74
10.90
11. 03
1.92
25.90
...
38.2'">
22.52
-10.39
-14.63
5.31
16.30
2&.35
26.36
-6. SB
1.58
-2.09
5.82
1. 29
1.65
0.29
-3.59
4.13
3.92
1. 36
0.17
2.42
-0.22
1.04
3.24
2.40
5.12
9.69
9.49
2.84
6.70
9.39
3.24
9.75
4.19
12.98
34.39
-12.29
-1.43
6.22
8.57
32.50
17.37
-1.50
-0.27
5.16
1. 77
3.01
-3.05
2.24
4.53
2.47
-3.43
1.50
2.57
0.25
0.86
2.67
6.B2
5.28
0.64
4. B2
6.51
ll.48
9.91
-10.65
-3.69
15.32
2.91
6.27
-2.35
9.24
11.83
iL44
-2.41
30.83
0.93
-1. 51
3.41
3.43
1.72
-0.08
-0.74
3.80
4.28
1.12
-1.02
2.79
1.64
0.41
2.56
3.06
3.69
9.47
8.23
4.30
7.30
11.16
0.20
1.65
...
13.13
23.51
-11. 0 1
-4.36
7.60
14.56
23.00
17.21
580. DErI:NSE lJEPAR.TM!::N'l' NET OUTLAYS, :'-1l[,ITARY FUNCTIUNS l\ND MILI'rr..RY Assrs'rANCE 2
("1IL1,IONS of DOLLARS)
1948 ••.
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. "
...
...
1,015
991}
950
1,630
'3.460
'3,861
'3,600
'3,172
3,077
3,508
3,363
3,590
'3,586
'3,672
4,068
4,253
4,054
'3,992
4,634
6,028
1},794
6,471
6,495
6,201
6,280
6,256
6,827
7,150
7,175
7,476
B ,493
9,404
10,900
12,639
1,783
3,412
4,0 22
3,643
3,046
3,059
3,580
3,475
3,552
3,517
3,759
4,096
4,177
4,250
3,899
4,618
6,021
6,346
6,714
6,485
6,11}2
6,205
6,377
6,625
7,503
6,908
U ,017
3,271
9,466
10,652
12, lJ 32
1,975
3,613
4,107
3,36')
3,149
3,004
3,601
3,43S
3,588
3,513
3,noo
4,179
3,322
4,001
3,961
4,900
6,091
6,025
6,608
6,194
6,082
6,341
6,366
6,467
7,332
7,477
7,961
B,37S
9,500
1.1, :!f:>3
12,619
'"
'"
...
...
...
...
960
£,154
3,747
3, 9t:9
3,270
3,151
3,166
3,562
3, 37~
3,624
'3.540
3,781
4, IB 7
4,226
4,237
4,036
4,804
6,460
6,724
6,490
6,323
5,813
(,.722
6,194
6,762
7,095
7,672
3,069
9,056
9,400
11,188
12,833
954
2,317
3, B04
4,079
3,220
3, lIS
3,121
3,621
3,429
3,610
3,490
3,770
4,302
4,04B
4,590
4,236
4,753
5,830
6,959
6,714
6,416
5,982
6,623
5,896
6,721
7,532
7,101
El ,404
13,217
9,036
1l,061
13 ,433
...
I ThiS series contains revisions beginning with 1972.
...
...
...
768
2,523
3,591
3,367
3,75U
3,253
3,917
3,4')')
3,607
3,631
3,176
3,711
4,256
4,057
4,674
4,030
5,214
5,061
6,769
6,571
IS ,655
6,540
7,130
6,597
7,001
6,719
7,027
3,0:13
9,072
9,361
11, I) 37
13,264
...
1,07lJ
1 049
3,133
4,196
J,621
3,041
J ,049
2,950
3,642
3,636
3,692
3,7 J4
3,720
4,176
4,356
3,566
4,069
'),521
7,279
6,022
6,715
7,302
5,771
6,107
5,868
6,755
7,742
7,426
8,040
8,3Y4
10,494
U,193
'l'O'l'AL
...
1,076
1,0"
£,911
3,328
3, aGe
3,117
3,097
3,254
3,633
3,487
J,649
J,665
3,713
4,136
4,203
3,768
4,255
5.315
6,404
6,343
6,838
6,519
5,712
5,766
6,59B
6,957
7,962
7,229
8,119
9,63B
10,339
11,425
...
1,040
1,132
l,9<.13
4,229
3,931
J ,062
.3 ,447
3,2UU
J,412
3,686
3,607
3,602
3,808
4,149
4,193
3,949
4,261
5,599
6,434
6,663
6,473
6,276
5,959
5,502
6,527
-, ,584
7,251
7,530
3,046
8, :'92
9,9':.13
11,993
. ..
1,011
1,291
3,129
3,742
3,347
3,160
3,069
J,364
"3,173
3,753
3,631
3,6:W
3,837
4,208
4,188
3,910
4,449
5,021
6,399
6,495
6,747
6,136
6,139
6,237
6,490
6,973
7,285
7,392
8,215
9,026
10,139
12,193
2 This series contains revisions beginning with 1979.
1,45<J
3,167
3,843
3,721
::I, lUll
3,010
3,3')9
3,416
3,661
3,630
3,645
4,001
4,290
4,091
4,030
4,423
5,515
6,375
6, B05
6,764
6,094
6,070
6,303
6,507
7,398
7,358
7,330
a,637
J,762
10,448
12,224
1,014
1,533
.3,224
3,965
3,631
) ,160
3,123
3,3':19
3,335
J,681
3,617
3,7')2
4,054
4,122
4,163
3,958
4,639
5,627
6,022
6,842
6,553
6,341
6,217
6,2 )2
6,151
7,451
7,513
7,659
8,4d4
~, 407
10, aB 7
11,992
...
...
2,963
').388
10,485
11,990
10,612
9,367
'),140
10,689
10,273
la,730
10,636
11,231
12,343
11,752
12,313
11,852
14,1'12
Itl,140
19,16')
19,793
19,174
IB ,445
1tl ,826
18,999
19,919
21,985
21,560
23,454
25,139
28,370
32,910
38,190
...
...
2,682
6,994
11,142
11,935
10,248
9,522
10,204
10,638
10,411
10,865
10,206
11,262
12,745
12,331
13,501
12,307
14,851
17,351
20,452
19,775
18,394
18,335
20,475
18, 6~7
20,484
21,346
21,800
24,496
26,345
28,597
33,786
39,530
i'~OH
...
3,194
3,236
9,027
11,753
11,470
9,220
9,593
9,492
10,6fn
10,809
10,948
11, OBI
11,241
12,461
12,752
11,283
12,585
16,435
20,117
19,028
20,026
20,01;:17
17,442
17,37~
1e, 9 9 3
21, 2~6
:a,955
22,185
24,205
26,624
30,826
34,611
PI:':IHOU
...
3,033
4,282
9,520
11,550
11,199
9,428
9,202
10,122
9,924
11,100
10,07G
11,0 25
11,892
12,620
12,442
11 906
13,511
16,663
18,796
20,142
20,064
13,571
lil,426
lU,772
1~, 148
:H,812
22,161
22, B81
25,386
27,195
31,474
36,409
...
...
13,163
30,929
44,930
46,594
39,508
37,684
38,953
41,938
42,593
43,421
42,94£1
45,626
50,169
49,277
49,003
50,255
62,101
74,404
70, n7
79,65U
76,236
72,643
75,448
75,e27
03,521
88,447
38,426
97,541
105,303
119,267
137,716
(MARCH 1982)
105
G. Experimental Data and Analyses
<3. ^xperlmenl«! l)«t2 «nil /^n»!v«e«
Implicit pi'ice
Unit 1«bc>^ cozt.
Ve«>-
Year
and
quarter
cleflsti»', y,"»««
Impl icit price
defl ator. gross
nonfarm business
product'
(Index: 1977:100)
Unit labor cost.
all persons. nonfarm
business sector'
150
140
130
120
110
(Index: 1977=100)
«11 pe^onz, nonfzi'm
1980
«nc!
nonfzrm bu8lne5z
duz1ne!5 zector'
qusi'te!'
I Q••••
II Q•••
III Q..
IV Q..•
122.9
126.3
128.8
131.9
127.4
131. 8
133.6
136.8
135.3
137.5
141. 2
r144.6
139.1
141. 9
145.8
r150.6
100
160
150
140
130
120
110
prcxluct'
1980
1981
<Inc!ex: I977-1N0)
llnäex: 19??-Illll)
I 0,....
I??.9
I Q••••
II Q•••
j II Q.•
IV Q.•.
1??.4
II l,...
100
1982
136.3
131.8
III y..
1?8.8
90
I Q••••
II Q••.
II I Q••
IV Q•.•
80
70
133.6
IV Y...
IN.9
Inventory-sales ratios in 1972 dollars'
136.8
1981
I l),,,.
Year
and
month
Manufacturi ng
(Ratio)
135,3
Merchant
who I esa I ers
(Ratio)
•
Retail trade
(Ratio)
1981
2.0
137,5
141.9
ill y..
141.?
145.8
Jan ... .
Feb ... .
Mar ... .
Apr ... .
May ... .
June .. .
1. 97
1. 96
1. 96
1. 96
1. 98
1. 93
1. 33
1. 32
1. 35
1. 36
1. 38
1. 41
1. 38
1. 36
1. 36
1. 39
1.40
1. 41
July .. .
Aug ... .
Sept .. .
Oct. .. .
Nov ... .
Dec ... .
1. 97
1. 99
2.01
2.09
2.12
r2.12
1. 38
1.43
1. 42
1.45
1.44
1. 47
1.45
1.42
1. 42
1.49
1.48
r1.46
1.9
1.8
IV y...
^144.6
r150.6
198?
I Y...,
II 0...
•
III y,.
IV y...
«nc!
^«nufzctul'InZ
^le^cnzni
Jan ... .
Feb ... .
r~ar
p2.!7
(NA)
p1.48
(NA)
p1.47
«N0lS52lS>'5
1981
(ssstio)
<««tio)
1.3
(NA)
1.6
Apr ... .
May ... .
June .. .
1.5
July .. .
Aug ... .
Sept. ..
Oct. .. .
Nov ... .
Dec ... .
1.4
1.3
(N«t1c>)
1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982
>1«n., ..
1.9?
1.33
1.38
NOTE: The "r" indicates revised; "P". prel iminary; and "NA". not available.
'Source: U.S. Department of Labor. Bureau of Labor Statistics.
'Source: U.S. Department of Commerce. Bureau of Economic Analysis.
feb
1.96
1.3?
1.36
««!"
1.96
1.35
106
1.36
/^pr
1.96
1.5
... .
ssetZil t^cie
montn
1.6
1.4
1982
Invenio^-^älex »'Ztloz In 197? clollZrg'
Vea,-
2.2
2,1
139.1
II y...
Arithmetic
scale
G. Experimental Data and Analyses-Continued
Net Contributions of Individual Components to the Leading. Roughly Coincident. and Lagging Composite Indexes
Bas i c data
Net contribution to index
<3. Experiment«»! »stA sncl /^n««!>8ezâContinus
!^et (!l>Ml)ut>on3 o< inulviuuZ! Oampanentz tc> tlie !_e2cl!NÃ. Nouzlilv Ooincillent, znc! !.3L8!NL (!c>mpl>z>te >nuexe8
5eriez title
Series title
(and unit of measure)
Nov.
1981
Dec.
1981
Jan.
1982
(snc! unit of me««ure)
Nov.
to
Dec.
1981
Feb.
1982
Dec.
to
Jan.
1982
Jan.
to
Feb.
1982
8szic 6«t«
f<ov.
1981
llec.
1981
198?
seo.
198?
l^et contrioution tl) inciex
Xov.
to
llec.
1981
llec.
to
^>3N.
198?
to
feo.
198?
l^lll^L I«llI«I0«5
1. ftverüye «orx«ee!<, prociuction «orxerz,
msnuf«cturin9 (nourz)
5. /^veröge «eexiv initisl clsimz, 5t«te
LEADING INDICATDRS
1. Average workweek. production workers.
manufacturing (hours)
5. Average weekly initial claims. State
unemployment insurance' (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 .• smoothed' (ann. rate. bil. dol.)
92. Change in sensitive crude materials
prices. smoothed' (percent)
19. Stock prices. 500 common stocks
(i ndex: 1941-43= 10)
104. Change in total liquid assets. smoothed'
(percent)
106. Money supply (M2) in 1972 dollars
(billion dollars)
910. Composite index of 12 leading indicators'
(index: 1967=100)
unempiovment in5ur«nce' <tnou8«nc>z)
8. l<e« orcierz for conzumer c^oociz «nc! m«teri«l5
in 197? cioliörz loiilion ciollsr«)
3?. Vencior Performance, compsnie« receivinZ
«1o«er cleliveriez Ipercent)
1?. s<et ouzine«« form«tion
l inciex: 1967^100)
?ll. contrsct« «nci orcierz so»- pisnt «nc! equipment
in 197? c>o11«r« loillion oollgrg)
?9. Xe« ouilciing Permit5, privste nouzing
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
indicators' (index: 1967=100)
39.1
19. a
*c 39. a
1'39.1
-0.26
0,39
5')1
563
p514
-0.06
30.94
197? ciol,, «mootnec!^ <«nn. röte. oil. ciol.) .
l^nznge in 5en5itive crucie möterizlz
price«, «mootneä' lpercent)
5tocx price«, 500 common gtockz
(inclex: 1941-43^10)
Dnanye in tot«1 liquic! «55et5, zmootneci'
(percent)
106. «onev «upplv <«?) in 197? cioN«r5
(billion ciollzrg)
910. ^ompozite inciex of 1? 1e«c!in9 inciicatorz'
linciexi 1967-100)
36,
LAGGING INDICATORS
91. Average duration of unemployment'
(weeks)
70. Manufacturing and trade inventories. total.
in 1972 dollars (billion dollars)
62. Labor cost per unit of output. manufacturing
(index: 1967=100)
109. Average prime rate charged by banks
(percent)
72. Commercial and industrial loans outstanding
(million dollars)
95. Ratio. consumer installment credit to
personal income (percent)
930. Composite index of 6 lagging indicators'
(index: 1967=100)
r:l9.f)4
1'29.')8
0.00
0.10
i
-0. 07 1
0.32
-0.26 I
0.07
I
0.02 .
i
32
30
32
36
dJ6.4
elU2.7
NA
NA
lol. 16
14.11
Sil.4
63.7
r 3.41
r-:l.l'i
r-0.23
!
I
-0.51 .
-0.07
I
rl3.1tJ
p12.51
67. :l
64.2
-0.01
i
u.261
I
NA I
0.00
-O.lH
0.17
0.17
NA
-0.1.3
iI
-0.16
I
j
NA
-0.35
-0.35
r-0.4U
-1J.77
-0.03
122.92
12 l. 79
117.28
114 .50
0.04
0.B8
reO.B6
rcO.83
eO.71
-0.06
805.5
BOB.Q
r81 3. 9
pG14.7
0.12
d27.8
r126.8
r125.3
p124.9
-0.78
-1.10
91,522
r91,111
r90,839
p90,936
-0.35
-0.24
o • 11
rl,075.7
rl,070.5
rl,064.8
1'1,068.9
-0.24
-0.26
0.25
r146.3
r14.l.2
r13'l.6
p141.8
-0.59
-U.70
0.56
151,684
r150,745
»147,265
NA
-0.14
-0.51
NA
1 HJ. 7
136.6
r134.1
p13'>.1
-1. 51
-1. 8 3
0.75
13 .1
12.(1
13.5
14.1
0.14
-0.33
-U.4U
r270.36
r268.7U
1'266.46
NA
-0.28
-U.41
NA
r2~1.5
r224.1
r231.0
1'228.7
0.37
U.95
-0.47
16.84
15.75
15.75
16.56
-2.12
0.00
2.36
190,937
r192,334
r196,737
p201,549
0.22
0.44
0.8U
13.12
r13.13
p13.11
NA
0.03
-0.07
NA
rlB4.9
r18l.6
rl'l2.4
p186.3
-1.78
0.44
2.14
unitz linciex: 1967-100)
cnsnZe in inventoriel c>n n«nc! «ncl on orcier in
31.06
!
1'-1 J. 7
-u. 7y
~::::II
-U.15
-0.13
i
-0.46
0.31 1
0.05
1
-0.32
-0.10
93,
19,
loa.
41. ^mplo^eez on nonsgricultursl pavroll«
ltnou5«nc<5)
NOTE: The net contribution of an individual component is that component's share in the composite movement of the group. It
is computed by dividing the standardized and weighted change for the component by the sum of the weights for the available components and dividing that result by the index standardization factor. See the March 1979 :"T';~;,'.'.'_-::.~ ,.'':.'1.'1T':'T(,;·':; :'[,;.'-;7,[ (pp. 106107) for weights and standardization factors. NA. not available. P. preliminary. r. revised. e. estimated.
51. Personal income 1e55 trznzferz in 197?
cioNsrz <gnnui>1 rste, oillion cloilsrs).
47. Incluztrisl prociuction, totöl
linciexi 1967-100)
57. ^«nuf«cturin9 «nc! trgcie 5«1ez in 197?
cio11«rz (Million clollsr«)
9?ll. l^ompozite inciex of 4 rouynlv coinciclent
'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-term moving average (with weights 1.2.2.1) placed on the terminal month of the span.
'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 0.099; for the coincident index. -0.164; for the lagging index. -0.170.
*This value has been substituted for the actual January value for average workweek.
Issue." page iii (item 1).
See
"~Iew
Features and Changes for This
incücatorz' <in6ex: 1967-Illll)
».^Ll^l; I«llickIllN5
91. /^verzge ciurztion of unemp1o>ment'
<«eekz)
?ll. di«nuf«cturin9 «nci tr«c!e inventoriez, tot«1,
in 197? <io11«r5 <oillion ciollsrz)
107
G. Experimental Data and Analyses-Continued
Recession Comparisons: Current and Selected Historical Patterns
1'""1'""
Devlations
from
reference
peaks
40. Employees in goods-producing
industries
~
Actual
data
for
current
cycle
MONTHS DEVIFROM ATIONS CURRENT MONTH
REF.
FROM ACTUAL
AND
PEAK
7/81
DATA YEAR
-4
-3
-2
-1
IU,lg,UI
25705
25700
25705
25818
P 25939
7/81
e26,000
-U.U
-0.0
-1.1
-2.U
25931
25930
25602
25413
8/81
9/81
10/81
11/81
e25,500
-3.2
-4,5
-4.4
25104
24764
24789
Actual
data
for
current
cycle
EI
3/81
4/81
5/81
6/81
12/81
1/82
2/82
Percent
-0.9
-0.9
-U.9
-0.5
90. Ratio, civilian employment to total
population of working age
SERI ES 40
THOUSANDS
EI
De,i·
atlOns
from
reference
peaks
Actual
+2
1980
~
O.
,
'
I I Median
-4
-6
e25,000
-4
-3
-2
-1
0.01
0.22
0.25
-0.18
1
2
3
-0.07
-0.48
-0.50
-U.66
e23,500
-12
O.
58.52
58.73
58.76
58.33
-4
-3
-2
-1
Actual
-1
58.51
e57.5
-1·5
e57.0
-2·0
e56.5
e56.0
7/81
58,44
58.03
58.01
07.85
8/81
9/81
10/81
57.47
S7.4U
57.35
P
12/81
1/82
11/81
2/e,
74. Industrial production, nondurable
7,3
7.3
7.5
7.4
0.1
0,1
U.3
U.2
3/81
4/81
5/81
6/81
u. P
5
6
+1
7.2
7.3
7.6
8.U
8.3
8,8
8.5
8.8
12/81
1/82
2/82
EI
IC,l,ll
8/81
9/81
lUlU 1
11/81
1.6
1.3
1.6
Percellt
manufactures
7/81
0.1
0.4
0.8
1.1
e8
e58.0
-1·0
3/81
4/81
5/81
6/31
SERI ES 43
PEHCENT
43. Unemployment rate, total (inverted)
Il,lg,UI
-0·5
90
PERCENT
-10
e23,OOD
e58.5
SERI ES
-1. 04
-1.11
-1.16
e24,000
-8
0·0
MONTHS llEVIFHOM ATIONS CUIU\ENT MONTH
REf.
FROM ACTUAL
AND
PEAK
DATA YEAR
7/81
e24,500
e59.0
- -2-5
.....
:1'. "
•
•
•
•
•
-2
+0·5
1981
Median
.-
~I
,..":4
+12
+8
"
•
•
•
•
•
e180
+4
•
•
e170
••
~.\.
:
,., ...
•
•
,••
e9
+2
-4
SEIUES 74
1967=100
Median
-4
-3
-2
-1
+3
165.3
165.9
166.4
165.8
3/81
4/81
5/81
6/81
167.1
7/81
0.1
-0.7
-2.6
-4.1
167.3
165.9
162.8
160.3
8/81
9/81
10/81
ll/81
-6.1
-8.1
-6.8
el0
-1.1
-0.7
-0.4
-0.8
156.9
153.5
155.8
12/81
1/82
2/82
e160
-8
el50
O.
ell
+4
P
Months from reference peak,
NOTE:
108
For an explanation of these charts, see "How to Read Charts" on p. 107 of the February 1982 issue.
-12
-16
Months from reterence peaks
e140
G. Experimental Data and Analyses-Continued
Recession Comparisons: Current and Selected Historical Patterns-Continued
I
Iii iii i iTrTf"lTTJTrTTTJ
20. Contracts and orders for plant and
equipment, 1972 dollars, smoothed'
[ l,L,q
Devlations
1rom
reference
peaks
Actual
data
for
current
cycle
MONTHS
FROM
R£F.
PEAK
DEVIATIONS CUHREN'I' !'\ONTH
Fl{OM ACTUAl,
A~O
DATA
7/Bl
YEAH
St:;RIES
20
1
IL,L,q
BIL. DOL.
fJ'
-5
Median ••
,
"':
.
....
:
+15
2/Bl
0.1
-1.7
0.7
0.2
11.90
13 .66
11.99
11.92
13 .89
7/81
+10
.15
e14
o.
1
2
3
4
-0.2
-3.2
-2.7
-2.5
13.86
13 .45
13.51
13.54
5
6
-3.6
-3.0
lJ.39
13 .47
Percent
+10
8/81
9/81
10/81
11/81
12/81
1/82
p
Actual
data
for
current
cycle
fJ
3/81
4/81
5/81
6/81
0
+5
•
•
•
•
•
•
•
•
•
14.07
-4
-3
-2
-1
Percent
1.3
Devi·
ations
from
reference
peaks
914. Composite index of capital
investment commitments
.110
+5
e105
lJEVIFRO!1 ATIONS CURRENT MONTH
REF.
FROM ACTUAL
AND
PEAK
7/Bl
lJATA YEAR
MONTHS
-5
.13
.12
-15
- 20
e100
SERIES 914
1967=100
-10
.11
-4
-3
-2
-1
3.2
3.5
2.4
0.9
106.0
106.3
105.2
103.6
.10
-30
0
o.
102.7
-0.5
-1.0
-3.7
-3.4
102.2
101.7
98.9
99.2
8/Bl
9/Bl
10/81
11/81
-4.0
-4.1
-4.9
98.6
98.5
97.7
12/81
1/82
6
7
-35
e95
7/81
1
2
3
4
5
-25
-5
3/81
4/81
5/81
6/81
p
-10
-2/13'l
MONTHS DEVIFROM ATIONS CURRENT MONTH
REF.
FROM ACTUAL
AND
PEAK
DATA YEAR
7/81
57. Manufacturing and trade sales,
1972 dollars
le,e,el
SERIES
57
MIL. DOL.
-5
+6
.165,000
+3
e160,000
0
e155,000
-3
159522
2/81
0.9
0.3
-0.5
0.7
158775
157941
156601
153501
3/81
4/81
5/81
6/81
0
O.
157406
7/81
1
2
3
4
-0.8
-0.8
-3.6
-3.6
156178
156182
151783
151684
8/Bl
9/81
10/81
11/81
5
6
Percent
1.3
-4
-3
-2
-I
o
-4.2
-6.4
150745
147265
12/81
1/82
.145,000
-9
MONTHS
+10
+5
el05
DI::VI-
AT IONS CURRENT MONTH
Fl{OM ACTUAL
AND
PEAK
7/81
DATA YEAR
.100
-5
SERI ES 91;
1967=100
-4
-3
-2
-1
-0.2
0.4
-0.2
-0.4
103.7
104.3
103.7
103.5
J/81
4/Bl
5/81
6/81
103.9
103.1
102.1
100.7
99.8
8/Bl
9/81
10/81
11/81
I
99.1
97.4
97.6
e95
-10
7/81
-0.8
-1.7
-3.1
-3.9
-4.6
-6.3
-6.1
-12
fJ
FROM
KEF.
12/81
1/82
2/82
O.
e140,000
IL,L,ll
ell0
.150,000
-6
915. Composite index of inventory
investment and purchasing
P
Months from reference peaks
e90
-15
Months from reference peaks
NOTE:
1
2
For an explanation of these charts, see "How to Read Charts" on p. 107 of the February 1982 issue.
fhis series ;s an MCD mavinlJ average placed on the center month of the span.
Numera.l indicates latest month used in computiWl the series.
109
ALPHABETICAL INDEX-SERIES FINDING GUIDE
SPIU51Itlf5
Serte5llT1c!o
(~compleh: lilies In
"y tUes dnd
(See cnmplme 11(1,'!, III "T Illes and Sou,ces 01
SeflBS," Inllowmq thiS Inde.)
SIlUICY.S 01
Selles,"lulluWII'(IlFlI) Inde ... ,
A
4!_p«4N5s!C/X>. lN0eX-86Nle8 sll»0llXl; LUlv^
Currant iaue
Serl.
number
HIStOfai
Ipage numbersl
dltl
t-----,r----1 ".... dot.
Charts
Tlbl.
SeMI
~nplions
(.J
CornUIISltc IndP.r.es
CUIIKullt1lll11dlCdlOfS
c>«,il
,66>ül
2
1104
Acces\lon litlt!, IT'dnufaClurmg.
AQrlfutfUI,JIIIW,'uCIS. RJ.pnrIS.
and 10ll:'OIIOn5
tiUSlileSS l!ltJendllurl!S. new plant and eQlllpment
16
56
61
92
8/81
12/81
lB
64
A'IIII.IPiJlltlnS
<'!"
>!«>°
(l'J~ItI'-"S!ot!'~Jefldllures.
nevw planl lOll t'!llllpn-ent. 01
Cllll511rnP.l senflmenl. IIKh!1
««üuwc>m,n, ifNL!
~
mIJloyf!es, m"llul.lf.hHII~ tlnd trade, DI
In\lt~n'orLes. manulacllIrrnq dntllrade, 01
8«c^09
NI'W
l
nrd~rs.
manulilclwlog. [)l ..
01
PTI(I~. !;1'illrlQ. mdnulilC!u'H1Q,
P!lces. wllillti. rl"!dll P .. df', III
'6
«X
PnCl-S, IJ!ilHlq,MlUit><;'llp. Ir.ulP. DI
P11111IS. ner, manulaclullnq dr'ld Irdde. 01
S;tl~·~. ner, manUld(;IUlmg dud IloIdt~. DI .
56
«,
61
970
!II
974
975
971
97&
978
977
972
973
24
38
22
38
67
76
38
76
76
76
76
76
76
76
38
38
38
38
38
38
65
16
3/dl
3/81
1/82
1/82
1/82
1/82
1/82
1/82
1/82
1/R2
I/H2
34
34
31
4"
48
43
4.:
49
48
48
48
Aullll·lo!J,11!5.
~ lP''Iulllull!'5,
f)P.I!luna' (flnsumplmn .
22
61&
Imp:lIIS 01 tlu!nmob,lps ,md IklllS
55
65
56
92
4/81
12/81
50
64
?4
9?«
B
3«
5»
8Jlancp. 01 pavrnenrs-Soo Irllernallllllal Tldl1'!1d(lu}f1S.
B.ln~ hJans
??
9?«
28
9?z
3»
97!
3«
91«
3»
to tJUSlnesSl!'!., IlI.HI\ (hJISldllthng
huslnP'S5P.S, rtf!1 ClldlllJ! .
B.:!nk lUi,"~ 10
72
112
B.tnk r,lIp.!. ~e Interes! IIUes.
Bank rP.St'fw,s
fll!Clt!'SI!r..-es
Member bank bOIfOWII'I1IrOm federal Hl.>!.erVf! .
BI)l1Ils-Sf>P. IntrrP.51 raTes.
BonllwmQ
··See
93
94
38
3/82
3/82
72
1/82
72
1/82
43
4:;
45
45
Credl!.
BLldL1lnQ pernllts. new DllvalP hU!lSlflQ
BtJ'.lfll....~.>(lul[lrnf!nt. InduSlr(,ll(II'lrJ"rllon
BlIslllI~I' .. perldIILJres.
nevw Dlal1l ,UlI! f'lllJlpmenl
BIISln~'i\e.lJtfldlllJres. 11M' pl.11l1 dod Il(IUlIHTY!nI. DI
~L/,;n ...~
29
76
61
97U
12
13
tnimatilln
Btl\lllt·S<; ,n(l)lllllIatlOns
13,25
24
24
38
33
12,23
23
67
67
67
76
72
65
65
7/81
7/81
rl)lI·'('ldr.r~.
Iollllllf [hangp
SI.ldQQt!IS
51. ItllJfJf'I\. ratP!)1 cflangt
I IWJlnq IIIdIC,III)1\
CdPII,11 tnVl'stlTlp.nl cornlTlllments ...•.•.........
IIlVf!!lI'''''I' 1I'1w.Slrnel1l ,lnd pu,chasmq .••..•.•..•.
M;,lgIII.a. l!rnplll'y'llCfll oldlU5.lmenlS
M.HW·•.llIlt hl'l.ul{lallll!M ...
ProJI,lithillty
T;,Vf!I ...~
IL'dllPI S
T"""IVt'
It!dtJtII~. 1~1f'
III chanqe .•................
r(I!l<;!!"dorlil
B'lIilllnq j11!111111"i. npw rollv,llI' hOllS1rlCl
[.Hltrit(!~ itWdldoo. Ct)rnmr.r(:lal and mdustllal bldcp..
F lpP.IXlIIUI~. plus l11achlller." anr1 !!QuLpmenl sales ..•.
Glfl~ pll'o/,II,' dl,'1'IP'itl( III~llnVf'51mHnl
Nnnll~HII·II!I,II. as IJflrr.l!nt 01 (,NP ........•...•.
NIlIllP<,IfIt'nllill SI'dCtlJ'A5. cunsilln! dollars ....... .
HfluslrWl slarts ..
COn'iLfllt" Ilnlslum qood ..
·Set! Wholesall! puces.
andlTliHf>lliJI'), new orders ..
CIl!1!.U1'lCf Qo\lds, Indusilioll prudulllOn
CllmU1lll!r III!.taltmem debt
n"O! olJlsI.lOdlOg
C<lIlO;,;lnl'r
"nod!.
3/31
3/81
12/81
12/81
3/82
46
38
82
5/81
Clln~umt'r 11l'ilitllrnf~n!
loalls. dpltnquencv late.
All Items. ,,-.del.
....•.....•..•.••.
All 11f!ms. Pl'rc:enl chanqm. ...................... .
. .......... .
Food. mOOx .
Food. pt>lfP.OI chanqP.5 .••••..•.•.••.••••••••••••
CnflSLJ'''1p.r 'ifnlllTlt>nl. Inder. '"
37
elpendllu,p's'
ConTracts. and orders. planl and P.Qulpmenl, constant dol •.
ContrilclS alld ordf'IS, plant dnd equlpmenl, currenl doL ..
Cnrporate bond YI~rh ...•.•...••••••••••••••..••
COt;lIIlalf' PIOfIIS- ~f> ProfIts
9??
c
Ct.Jn~IJ""·1 DII(;"\
920
921k
940
930
!I3Ik
114
915
913
911
118
910
911k
.
.
60
10
39
60
11/81
11/81
15
11
11
11
11
11
10
60
60
60
60
60
60
11/81
11/81
11/81
11/81
11/81
11/81
11/81
15
15
15
15
15
15
60
39
11/81
11/81
11/81
15
15
29
9
13,25
23
24
67
66
67
7/81
3/82
9/81
35
32
28
248
17
88
47
25
25
47
25
25
B3
67
67
83
67
67
4/81
4/81
4/81
4/81
4/81
3/82
51
51
51
51
51
35
•
12,21
22
65
3/82
7/81
26
24
35
32
15,35
33
73
72
73
72
3/81
4/81
43
43
43
45
322
322.
51
49
49,59
49
49
22
84.95
84,95
84
84
65
3/81
1/82
20
10
118
12,23
23
34
66
66
73
2/82
112
32
32
15,35
72
72
73
3/82
35
32
15,35
33
32
73
73
72
71
3/81
4/81
6/81
248
75
81
113
95
39
See al50 InlPlFlrJlional compaliSOIlS.
320
3200:
COnS(ITnlll'On expendltures-·See F\!rsanal consumption
COSIS'-See
10
39
11
21
NlllllI>SlIlf'nlial. [ClII1[, cOlIslanl dolla's .......•....
Rl'~mj~'nllill as percl'nl uf GNP .........•...•..•.
Hf!SIJenll,)I. IUlal, conSlan! dollar' ..•...........
35
24
34
34
44
32
32
ljuslnes.') 10.]l1s- Sft> Bank loans
38
f nUl
Hillill III liKplulQ HldlcatOi mder.
LaqqllM] IOdl(;ilturS
Net ctlallQf
..............•....•..........
RdtlO 10 pl;'l')on.11 Income •.....••.•••••.••••••.
BII~lness mvp.lltLI'I~-See InvenIOfIP.5.
97?
33
33
73
72
Bud~I' ~E' Government.
Bu.'l1lflQ- SP.I' Clll1slrul l.un
14
97»
15,35
32
four c,nll1i.lclf!H.
64
6/81
2/82
3/81
3/81
3/81
3/82
3/82
59
59
59
59
31
32
32
46
Labor [OSlund Pllte ,ndexes.
CIPdit
91,
38
55
??
l!«
56
77
Can.1da-See International comp.1fIsons.
Cc!paclly ullhtalion
Manutacturlng IRE A}
ManuldCll1l1rl:1 (f RBI ..
/e
9,1!
,<
,7
«3
»7
8,
97
N
NfY/l·, ClllllIovr.d
N'!,..Jly dPPHI'Ml. 01
Dlpltilllllve51menl SP.r! Invp.st~nl. CdpltaL
conll'T'lIlmenl<;. CI
Ussfllluw. corpOfdte. conSI,ml dullar')
Cash fl~JW. (.(lrporatr, cullt'nl dnll,w\.
f mplflyml.'IlI .
Commp.lclal JndlOduSllidl loans outslandlf'lg ...•.•..
25
25
C0I1S11rnt!r IIlslditmeol debt
66
75
10/81
10/81
10/81
31
33
33
11
29
29
60
70
70
11/81
4/81
4/81
51
Unemployed
CUlnc,ldcnlllltJH:alors, lour
CIIIl'Il"<;IIf> Indf'!"
ClHnWI'.ITI' mr1el. raIl' 01 r.hanql!
66
91iS
24
24
37
914
35
34
82
84
97
II
64
8 Li
W
«41
97»
95!
D
37
31
20
20
Mlllt.1''''' flltme Cflntlact aw:uds ........•..•.......
&25
53
90
20
NalllJnal dehmsf! jlurChilY!S . .•..••••.. .••••••••••
564
3/82
20
Nevv order'), defense products ............... _....
fi48
517
90
90
12/81
5/81
10/81
3/81
53
26
10
39
60
11/81
11/81
55
53
53
15
36
74
60
2/82
15
15
Dehnl1uenL'V ralp.. consumer IOstdllm~1 loallS . . • . . . . . . .
Deh'IP.Ile5. vcnt10r pcrfOlmance ... .....•... ........•
31
32
33
12,21
72
64
32
43
43
011 fusion 1I1dr.les
2/82
2/82
45
28
8us!llPS..,) p.lIl"mr1.tUfPS. IlP.W plant and f!lulpment •••••
Colpllal aUllInpllaliOll5. mdrlulilctullIlg .....••......
970
76
75
74
76
74
75
79
75
78
74
76
74
74
75
77
76
75
76
76
76
75
76
76
74
77
3/81
951
974
38
37
34
33
,"diLutorS ...•.•.
.. . . .. .•••. .••.. .
FmplnYI?l's. rn,lI1UI,u:tllllng ifnd trade .......• ,.....
Empl()yf'~ on !.HI ....11€! nOlldQllcul1u,al payrolls •.•..••
InOll'illial m,nf!lIals pllCflS ...
.....•.•.••.•••••
18,51
73
11/81
3/82
3/82
3/82
Deflcll- Set! Governmpnt.
COIIl(.ldf!11I
~mlllnyP.es.
345
49
87
I/B2
56
345c
50
1/B2
5/Bl
56
56
CnmpHI'I!.<'IIIIO. 'fver"QI' IMJIJfly, .tll,'rnl'lnyfieS.
tJtlSHII~\ ~'llnr, pl~rcl'nl Cll:UIII'''i ..
CnmpPrlS;lIlCln. /Pdl ilVI!!'ar,. hOlJrly. ,Ill emllloyres.
Illlnla! rn th,~IIlPSS ~'rtrll
C: .TlpcnsalllJn. mal ,fVPfdl,' hOlJrly .•111 f>mIJlnyees.
rl1Hlldlm hll~IIIt"i\ ~!C tor. pt~ll..ml rll.If1Q'J~ ••
lill",'"If' f1nnl;lIlT1l~nHl(J!"Y
f JII"'IQS. a"'f"oJQt! 11(1IHI.". [Hndllr.IIIl!: Wlll~eIS.
pll~""I'! nllolal III f!I'4J11IJHiy. 11I'IU'1I1 t.l1.H~~. ..
280
45
87
82
64
C'lmpf'lls.ltlflll III f'mplny!'I's
30,47
70,83
4/Bl
56
Indu~IIIJI p'OIJtJUlim. Cllmpnnf'nts •......•.•......
Inllt.ll r.ldlm~. SI:I!1' U!lflmldll~mf'fltll"l!uranCe ....•...
In'/Pnlllll~. manlJlactullnq and t,.xIr. ....••.••.••.•
346
49
88
1/B2
56
laqQIOq tndH:d!lHs . .
346c
50
88
1/82
56
340
49
87
I1/Bl
15
34(k:
50
87
11/81
15
341
49
87
11/Bl
15
341c
11/Bl
IHoII ,r.....r.II/1! "lllirly. 1)111C10I(11C1II
f "HUllilS. II!:I. ,IVl'r JI).~ 11(J1 II I~' . III fldut.llllll
WIII'.I"S. p"·{tlk 'lrTr'lI,Hllj rlLllllwnv. Ilt!rcp.1I1 rhar1Qt!s
348
w,")I' .10,1 b"rwlll (Ii'( ISI\III~. 1.11' III l,l,jll,lr!
W"qv. 11,,1 '.II:l"''';,!Tl1l1IllQ. m;lIIul,Il:llIllllg. and
349
50
50
50
87
88
88
B/Bl
15
62
62
53
19
63
3/82
22
(,tiIlS111 .. 110111
B/81
InduSllial
mall'r"ll~
915
36
967
38
36
37
966
37
982
975
952
36
38
36
36
37
963
pllces. components ............ .
InduSl"al producflon .............•.•••.•..•..•
. . ... ..•. ... .. ... ...
Ll!adlnQ 1l101u;.lt(l!~
......•. .... .••.
N~.. Oldt!rs. dur.lhll' g[)~)d~ II1dll5trll5 .•..•..•...•••
Nf'W olliers. dur,lilll' gtJIlf1s IIldUSIUC1, components .•••
N.~ nrdpr~.ITI'lnlllaclullnq .............. •..•.•.•
PIICCS. ~()U tnmlTlUIl stork.s .•...•... . . . • • . . . . • • • .
Pllc,es, ~lIl!1q, mo1l1l1ldctullng .•..•••..........•..
Pm.I!,). !.I~IIIf'9. r!'!lcJti 11.III,! ...••.
PIICI!'>, seiling, whl,If'S.llr. "adR
... .. . ............
PHIlliS, m.llll1ld(ltJfHlg ..
....•.....•.••..••
Prollts. IU'!. rnanulacturmQ
:tnd trade .••••.....•••.
Scll~. IIPI. OlilllLJfdltllllllq "ru! lIade.... .... .. ...•..
WlllkWt~"'~. mf~1 ,ulldlJLtlllll wor~f'rs...............
Wor~Wf~~ •. mil) prndurl""l W()!~P.fS. components .••.
Dlsr',5ahl~ P"ISflll<l1 InOIIT1f> -St:!f> InrtllT\l!.
950
964
971
961
976
97.
977
9&0
972
973
961
38
37
38
38
38
37
38
38
36
78»
Ã4
NOTE; CI, composite index; 01, diffusion index; GPOl, gross private domestic investment; N1PA, national income and product acco..,ts.
'The number shown indicates the page on which the series description appears in the HA.V:'BDO;; OF CYCLICAL INDICATOFIS (1977).
3«
34w'
110
NU
34»,
15.35
91
64
Dpllalnrs-Slte PUCP Indew!}s
W.I'It· ,t.H! 1"'111'101 dl'l ''>11111'•• !1f'.1 \":11
345^
2/82
3/82
43
43
43
45
42
2/81
72
WOlf~ I!I~. IJfl>,.111' 1I11fl1:IIIIlI'LClllIHI1'r
1,7
72
3/82
2/81
32
r dII1lIHIS.
113
62
112
IndUSIII;Jlloans olllslilndlllg. net Chd1lge.
Cllmptfl~lIlfln
9â!
77
ConSLlmr.r In')lallrTlllnlloar'lS. dpllnllumlCV rafe. .
Ml1Itq.·,qt' debl. nf'1 rtlilllQC ..........•.•••.
Crude malt?fldls -See WIHlIl'~i .. PIIC:-es.
86
95
38
33
89
62,89
CnmlTlf"rwtl olnd
r .,Hlfll'lS. "Vf'r,tlJ'~ 11I1·II'y. (111111I1f.ll1lfl WtH~ers.
3/
Nfli i.hanql~
. ... . ...... .....•.•..•..•.
HatHI 11l1l!!1~1l1l;11 ,"[omp .
89
66
34
447
43
44
43
18
11
23
15,35
OltllJSL{)lllndeli
A,IIIII to 1.)QfIlnq rndl(dtors. composltr' Ind~1I .
Cnnllll(.'fCliJl and 1IIIIusiliai hlllldlll!Js. fOlllrdCIS iI\\IOrdoo
nnnl .. "n
9,4
Deb! IHJ!~lilnd!llg ...••.....•.•......•....••.
3/82
51
920c
951
940
9
72
all
1/82
15
442
90
441
37
110
n
Obllgallons HlClJlIP.d •••..••••••••••.•••••••••••
l mploymEJ1t <IS Pl!rcpnl 01 pnplJldlilln
Tot<tl .
Cllmpl!flo;.HIfJll. avp.rflqe hourly.
nonl.lIlll hUSIIII'So; !.I1.Im
...............••...•.
25
64
64
ClI!Ilrrll.!rll,11 .1IldloduSirlallll.HI'5 fllll!ol.lIldulg
13
net change ..•..•.•.. _ . . . .
8/81
8/81
8/81
20
20
20
(1\/lllill1 latuJI loree-Set! al~J ~ mplu'irnmt.
l,
bUSTnP5.V!S.
8I1rrnw!Ilq.IOlalllflv<llr
83
920
M.Ul?oal~ .
ClPlldl rillprOpflallOns. manutattLIIlnq
Boll k Illq
C.lpllal mveslm~t
79
8.10. loallS to
10/81
2/82
1/82
9/81
15
48
1/82
15
36
12/80
24
1/82
1182
2/82
2/82
9/81
1/82
2/82
1/82
1/82
1/82
8/81
1/82
1182
9/81
18
48
15
15
26
48
36
48
49
48
48
48
15
ALPHABETICAL INDEX-SERIES FINDING GUIDE-Continued
SPues lilies
ISee complete lilies in "r Itles itfld Sourcps of
CUrlfmlr~
(~lo1ge numbers)
Series
number 1--';:':~T-";;"~-4
SemIS," tollowlIlg thIS Indelll
Charts
1 dbles
Ht~lfIIlcal ~'Ies
della
r_~lpllons
Srrtes 1I11ps
\ See cumrJlplp.lrTIM In "Tilles and SoUlte!io ot
tissue dale
(*)
SeIlP.S," IIIUow"~ !hls, .ode .. ,
E
(j,OU
bUSII'IeSS
Current issue
SEllles
numbo"
Cham
Fued
,,p,°.
5>»<« ,«! w«1, K«l»ül °1 0^?
Earn'OI)$-~
Empkly",-" and unemplovment
Aa:ession rile. manufac1Urmg .
Dvrhan labor lorte. 10Iai .
ElT(lloyee hours In nonagrlcullurai
2
441
16
51
61
89
8/81
2/S1
18
20
61
1/82
15
4«c
»»
974
4!
9«3
W
44?
<l
KU
z
««?
9,3
7,
estabhshfTlll'lls ..
Emplo~ houlS In nona!rlcultural
establishments. rete of change ..
Ern;lIove- In mlnmg. mfg.• and conSlruClIOn ..
EmploV8l!S. mrlufaclu,mg and trade, 01 ..
EIllIklyees on nonl9lcultural payrolls .
EmpkJytItS on pt'yale nonag. pey,olls. 01
48
17
48t:
40
974
41
983
39
EtJ1)60ymlJ1t. ratio to population.
7
90
Employment.
442
41
453
457
45,
44«
47
4
444
9!
44
10Iai CIvilIan .•.•••.•
Help-wanted advErtiSing in newspapers .
Help·wanted advertlSlng,lal,o 10 unemplavl1'etlt
Inllral claims, Siale uremploymenl insurlJ/lte
Imtlal claims, State unemploymenl Insurance, 01 .
lsvolf late, manufacturing .
Margmal emplovment adlustments, CI ...
Overtime hours. mig. production work.en
PartiCipation rate, OOth Sl!1e5, 1&19 VlllrS old
Pan IClpatlon rate. lemales 20 ... ears and nvel .
Pan 1(lpallOn Idte. males 20 years and over .
Pan time WOIket'S 101 ec;onnmlC reasons .
F\:>fSonS en!JIged In nonaqrlc.:ullulal clCtfVltlCS
QUIT rdTe.
manulacturmg
&0
5
982
3
913
21
453
452
451
448
42
Unemployed. lemales 20 years and over
Unemployed, fuli'llme 'MIlkers
Unemploy", mates 20 vears and over.
Unemplovment, averal)P. duration ...... .
Unemployment rale, 151M!1!ks and ove'
Unemployment rale, insured, 8wr. Metly
Unemployment fale. total
UnP.mplovmenl. Inial cly,llan
WOfkWEk. mIg. production 'NOrkers
Workweek, mfg. productIOn work('rs. components ....
Workweek, mlq. production workers, 01 ..
EQIJlpmll1t-$e{> In'tleSlment. caOltal
E.ports-See ForelCJ'i trade and International transactIOns
17
38
14,17
36
18
51
17
17
12,16
36
16
11
16
51
51
51
51
17
43
37
1
16
51
51
51
51
15,18
18
18
18
18,51
12,16
961
36
4
UnP-l'Tlployed. both $@1Ie5. 16- 19 years old .
448
445
447
444
91
44
45
62
76
62
74
62
89
61
61
61
74
61
60
61
89
89
89
89
62
61
89
89
89
89
62
62
62
62
62,89
61
77
74
1/82
8/81
1/82
8/81
9/81
3/82
2/81
11/80
3182
2/82
1/82
8/81
11/81
8/81
2/81
2/81
2/81
2/81
3/82
8/81
2/81
2/81
2/81
2/81
3/82
3/82
3/82
3/82
3/82
8/81
9/81
15
48
15
15
20
20
19
19
18
18
18
15
15
20
20
20
20
20
18
20
20
20
20
20
puce rndell ..
pm:t'lndJ:' •. pt>rceflt ChitnQes ...
Gr(JSS dllm~IIC prnc1IJcl.labm cosl pcr (Inri ••.•..•••••
Gross nalullial prndlJrt
GNP. constant dolliHS.
. ...........•• , .•......
GNP. com,Tan' doildfs. drlh~fencp~ .•.......••...•.
GNP. constdll! d(llldr~, pelcenl (hanQ~
'
1~
15
F
9K!
94
7,3
9,7
3!!
6i7
«77
«1»
»7
l>»4
7 dl
757
«!,»
!!»«
l,7
s>,«
75/
94
For~I('1
trade-
s.~
also
~ods
34
72
2/82
46
213
917
33
40
11
72
80
60
1/82
5/81
11/81
45
49
15
311
311c
48
48
84
84
5/81
5/81
58
S9
Fom1 ';.ae C(lnSLlmf!f pU(y.s
Balance on
31,c
119
Intefrldtlonallransactlons
and
SP.fVltes .
Balance an merWandl5P. trade
ExlJOrts, mer(.httndl~, adlusted. ellc. military
Ex~orts. merchand,sc. IOlal P.xC. military did .....
hports 01 aql'lcul1wal products
EXPOlts ollpods and BVICM. constant dol .. NIPA ... .
ExpOlts 01 goods and serVices, cUllen! dol .. NIPA .... .
E xporls of goods and serYlceS, CIIC. mllitar... . •..•....
ExporlS of nonelectflCdI machinery ....
Imports, merchandise. ad!lJsloo, exc. military ...... .
ImporlS. merchandise. IOlat
I mporrs 01 aUlOmoblies and pafts .
tmpoll5 of tpods and serVICes, constanl dOl., NIPA ....
Impolls of IJ)nds and ser'vICPS, curren! doL, NIPA ..•..
Imports of !)Oods and 5eJ'IIC5. lotal
Imports of peHolP,um and pruducts.
Ne! ~xports. goods and serVI(PS. conslant dot.. NIPA
Ne! RxportS, [JJods and Sit'fVltl."S. curr~nt dol .. N1PA
Net P.'Iports. tpJod'i and SPl'VICPS. pprC'en! of GNP, NIPA
France -See InternatIOnal compaflsons.
Free reserves. . . . . . . . .
. .......... .
8&7
622
618
&02
&04
256
252
1&8
&06
620
612
616
257
253
6l1li
614
255
250
251
8/81
3/81
8/81
12/81
12/81
5/81
4/81
8/81
12/81
8/81
12/81
12/81
5/81
5/81
R/81
12/81
5181
4/81
4/81
65
65
65
64
64
54
54
65
64
65
64
47
93
93
93
92
92
82
82
93
92
93
92
92
82
82
93
92
82
82
83
33
72
1/82
45
57
57
57
56
56
44
44
57
56
57
56
56
44
44
57
56
44
44
20
502
52
52
52
52
52
52
46
43
43
Govt<nment budget. NIPA
755
/!,l,
751
!6
z,
>?
29
Federal exppnd,lules ....
FP.rleral rP.(P.lpts
Federal surplus or deficit
Slate and 10Cdi expend,turp.s
SHUe and lowl letPlplS ........•.....
Slate dod 10Cili surplus or deliclt .
Surplus or dellClt, tOlal
Government purr hases £II goods and serVICes
Federal. conslllnt dollars
Fedllfitl, current dollars.
Federal, percenl of GNP.,
501
500
512
511
510
298
283
262
215
National detense
564
State and local, constant dullars
,7
267
268
2&1
261
2«
1«.!?
2«
Siafe and local, current dollars ...•..
State and local, percent of GNP
Total, const .... t dolla,s ........ .
Total, currant dollars.
2&0
47
55
43
43
47
43
43
63,80
80
80
80
80
80
71
63
5/81
5/81
4/81
58
59
39
49
49
49
49
49
49
40
25
49
49
49
31
20
310
31Dc
217
48
48
84
84
40
80
5/81
5/81
5/81
5/81
5/81
5/81
8/81
4/81
5/81
5/81
S/81
39
40
H
46
&0
17
17
61
61
11/80
3/82
Hours nl pl''I1uctI0I1 wnr ~t'fS rr1.l1lulaclufll'lg
AVI'f.lqP. WN'llv Ilwrllrne
A",,'qwrHk'o\ll'Pk ............•...•...•.•••...
19
19
21
1
16
12,16
61
61
77
8/81
8/81
15
15
Ayt>f,Jgewnf~M't'k.c{llnpOllrnt5
..•.............
A""'dQl!worlr.INf.'elr..OI .............. __ ...•.
911
36
74
9/81
15
28
25
13,25
25
67
67
67
83
3/82
7/81
4/81
4/81
35
35
51
51
84
84
5/81
5/81
49
49
HUIIsing
HIJ.J!OlnQstillts
. _...••.•.•.•.••••
HOlISII~ 1111115 duThmll!'d by hlCiI: bldg perm,lS .•.•..
Re\l(hmtlill GPOI. LOlIst.lIl' dull<trs
Rf!slderlllal GPOI. percenl IJI GNP ...........•.•..
Imp'(Clt prl(r' dr!flal(1r. GNP ..................... .
ImUII(lt f!ll(f' dflllillnr. GNP, (lefGent changP.5
1r"(lorlS-Se!.' ftJrf!lgn \lade ill'1d Intl'fnatlol'l<!l transactions.
In(umP.
ClJnloonSdIlOn, ,lVP.ld~ hourlv, alll"fTlpIWee5.
nmll.tltn bus(nf'!,S !ii1.!or
Cn"'l;:opns,d!lOn. dVf!r,Q'~ hrhltly . .111 emplr,yp.es.
nnntitfm bll~lnP.\.'Ci Sl'Clor, tlPl'cenl chaflQ{'S ..•...
Cnmpens.:llillfl 01 empllly('t!S .........•
29
89
249
47
63
25
90
90
90
90
90
90
83
5/81
5/81
5/81
5/81
5/81
5/81
5/81
62
62
62
62
62
62
58
81
81
83
91
81
81
83
81
81
5/81
5/81
5/81
51Rl
5/81
5/81
5/81
5/81
5/81
53
53
53
53
53
53
53
53
53
48
345
49
87
1/82
56
345<
1/82
5/81
4/81
56
56
56
48
210
64
30,47
87
82
70,83
51'(101
...•..........
IPill iJVI'ftlQf! !lOurty. alt etnployP.f5,
nUlllium buslIles.':o 51-'cIOI. pefcenl d1alYJi!'S •.•••••••.
Cunsumer (nslaJlll1t?n' debt. lalto to personal Income ..
Corpor,}!!'! prOIllS With IVA and eCA ..•••.•..•••••
Corp. prollts With IVA and eCA. pct of nat 'I. Income .
OISO()~hIC Dersonal InComl!. constant dollars .•••••..
341
49
88
1/82
56
34&c
50
15,35
45
88
73
82
OI.~J(lsabtl' ~1I!'50Ildi m(.llrne.
224
1/82
6/81
5/81
5/81
4/81
4/81
8/81
56
43
37
37
22
22
22
nnntiltfTl
"~""ClQe
P(1. 01 nal'L
lfl('llInl! " "
'lllu,lv. all employees,
hlJ'Sln~
Cllmprn~ltl!)n.
cwrent do!!,us ••.•..
Dls/lIlSiJble Dpr~JI1.tllllCnml', j)P.1 I.aplta. wnslanl dol
[Jr·wlQ"i. tl'o('r;tqI! hourly. woductron workers,
pfl.-:-I!r;' nnnt;tfi'TI pCflnnmy
....••.•..•.
Fdlllm~. dWfrttr. hOll!ly. ornrlur.tllln wort,r.rs.
pr'Volll? nonlatm ecun"m~', pl'fCR-nl ch,mges .
Ealllll)qs,
95
281
287
225
47
nonfallTl
ecunomy ..
on I(HI~IQn FnYf!Sln1l'nI !llihe U.S .••••••..•..
Inc(lfltc on U.S. rnveslrnents abload •••••..•••..•••
Intelf'St, net
Int~lt!St, nf'll, perr.enl 01 rldlillnit!,ocomp .••.••• , .•..
In[{llllP
80
80
340
49
87
340c
50
87
11/81
11/81
341
49
87
11/61
341c
50
57
57
45
87
93
93
82
83
82
63
63
63
11/81
15
8/81
65
8/81
65
5/81
57
5/81
57
4/81
55
6/81 t 22
6/81
22
10/81
22
10/81
8/81
40
5/81
56
652
651
268
289
220
52
47
282
45
19
40
14,19
39
31
45
•••• , ••••••••.••.
283
47
Rental Hl(.!lmr 01 persnns With CCA ..•••.......• ,.
AellloJl mcomf~ 01 p9lSlinS With eCA, pet. of 001'1. Income
WilQf1 and bl'l1f!f'l de.:lsl!lns. 11151 yP.ar , ..••...•. , ••.
Waqf1 dnd hPIlI'II' ,jl!n~ltInS, hli~ nl contraCt .
W:-JQ~ and \.iIIJrr~. mll1Hlll, I'lill .. and construct lUll ., ••
In(mpwJIIlIII'i, flf?\'''1 IllJ':.Hlf3.95 ., ....•.•..•• ,
214
285
348
349
45
PP.r:>l1fldi InC~jm,... (Ilnenl ,joll,lI<;' .•...•••.••.••••.•
PerSolll,lllnclJrT1I'. I~ IfllIl~Ip.ls. UH'Ktant dollflr~ ••••.•
PerSllrJdt IIlClltnt!. less trilf1St(lIS. constant dols. lille 01 rh9.
fitfslUMI JII((JITlf'. raIl:. tl) 11111111",. sU[.IlIlv .......... .
P'IIP"l'lf.f$' 1111 !!1T1I' ~'Vlt!. IVA Jncl eCA
Pr!Ji"II'lrl,~'II'UlfT1l'Wllh IV,\ .1Ild eCA. pp.rl):!nl
Ind"strldl
m,III'II"l~ jifl("S
..•••.•..••.•..
223
51
SIC
1'-
53
13
23
47
50
50
19
23
28
hid Jslrldl IThltl'l",I~ II fin's, c.nmDllnr.nl~ •.•••..•.•••.••
Inej"str'dl
~
227
40
40
40
1
15
15
I~di d~P''''~ hllllll .... tlloJduc1IfUl
WO'kPI~.IHIV-tl1t'
F.HlllngS. rp.JI averltQf' hllmly, rltol1uwnn
work.l'rs, DflV.l!(! nUlilarm economy. percent chanqP.S •
54
54
65
64
54
54
54
4/81
310
31Dc
50
45
r..illlllnallllCIJlT1C ...................••.....•.•
G
«,4
19,40
70
Help·w.rntrd iKfvel1lsJnQ 111 Ili'!WSD<Ipt'rs
Ht'lp N.11"1~ advr.I!ISlllq. 13:10 In ulll'm,lln'f'menl
P.',o;Uf1crllo(;ufTlt'. c.nn!.Idnt dntl<l'O; .••••••••••.•.•..
!>5ü
49
50
5CII
50c
2111
107
64
753
Goods outpulln con51ant dollars
84
84
2IIIc
I rn:II!r: II P'IO" ct,'1 ~i.I[(I1
Imlll"'(1 prlCI' rtrtl;jftll. ~1I'1(1'1l1 r.hiJnqes ...
~I ("Plh! GNP. wnsl.-rnl dllilafs .•..........
Gross pnv.JlI! dnme5.11C lflVt!St -Sf!.. In'o't'stmpnt, capitaL
UI'l.ltlnnJIII)(IHTW
93
48
48
30
2II1II
GNP, r,JIH) hI m,"w-,' S"~lI""
GIIllIls (ullPl;l Ir1 wnSI,llIt duNiUS ...
CltlTl~~ISd\ll1n oll~T1plnvflt'!..
Federal funds rate ...
. ............. .
Federal Government-See Government.
Federal R~ve. rrember bank bo,rowlng from
Final sales In constant dollars ..•..•.
Financial flows, and monP.y, CI .
Filled InvesllTe'1l-See Invp.stmP.rll, capital.
Fu,ed VWtlcjlted puce mdp.x. NtPA.
Filed wetghted pflce Index. pelcenl changes. NtPA •.
311
311c
&I
49
GNP, CUIfI~n: IjOll.1I5
GNP. CUlII'nt doll.us. drlli>rMCMi
GNP. CIIIII'nl doll.ns. prlo'nl cJl,)Oge5
CumpcllSillllJll, fPill
3?
Tables
~J
18
20
20
45
43
wel~lf!c1
Fn.~c1lM!lltlioo
ComPfl'lSlI10n.
HIS101lCiI Series
dlla ~IIPhDns
II_ dale
(.)
produCI
/Xl.p^N^ick!. ll»I)eX-8eN!58 ssllXDIIXQ <3Ull)e-l:l)ntmu«6
!^>^ "
ipaqe numbers)
t----.-----t
rT1~tl.'II"I\ pflC!~.
01
967
..
Ind.rslflat ploductlrn ~ ,tl~l InternatIOnal compaflsulls
HlIsmr.ssc11ulllITII'nl ..... , .......•..•.•...•..•. ,
Cl1no;lInll~r Qil,,(j~
.....••••••.••••••
71
75
73
Our-lhh' "'1,ln ,t,lf.tllff"'; .....•••..•...•.•..••..•.•
Nnnc.Jufahlt! marlillOClurl"S .......•.•..........•.
TOIdl
Tillal, cnmpnlll>nts ........................... .
74
47
Tllldl,
966
nl ................... , ...... .
TOI"I, fitl" III r.h.lIHJf' .. , ••...••••••.••••..
Iml;!!iIlH!flt rfelll
37
24
22
20
20
14,20.58
47c
37
39
5
982
45
12.16
36
18
~)J~I~ ()f'!cllt
71
82
15
83
82
83
88
88
63
65
69
79
75
5/81
5/81
5/81
8/81
8/81
3/82
3/82
1/82
1/82
36
67
65
63
63
63.94
78
75
7/81
7/81
7/81
7181
7181
24
24
24
24
24
12/80
7/81
24
2182
lIa2
3/82
18
18
18
56
57
57
62
62
22
32
36
ImLJler11J111'fllpl:1,'1"~flt
A...-q.1NI'l'kly
111111011 [1,l''fl~. ul1t'lnrJloy. rnSIJ,.-mU! •..•••
A-'-11. !.-vf't'k.ly Imll,1I tl,ll"l~, u'II'nl;dljy.lO~!lIi..lIlce. Ot •..
AYlI.
'N1't'~lv
IrlSllfI"ll
'Jlll!I!',II{I'yITu'flt fift('.
61
74
62
18
51
NOTE: CI, con.,oslte Index; 01. dHfusion Index; GPOI, gross private domestic investnl!nt; NIPA, national income and product accounts.
-The ntlllber shown indicates the page on which the series description appears in the HANDBOOK OF CYCLICAL INDICATOHS (1977).
1?
I?
I?.16
36
!6
111
ALPHABETICAL INDEX-SERIES FINDING GUIDE-Continued
Series titles
(See complete titles in "Titles and Sources of
Senes
number
(;~~~enn~~~~~S)
f----'--'--r----'---I
Series," following this index)
Interest, 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 fate charged by banks...
. .•.
Treasury bill rate. . . .
. .............. .
Treasury bond yields.
..........
. .... .
Intermediate materials-See Wholesale prices.
International comparisons
Consumer prices
Canada, index ..
Canada, percent changes .
. ... , .
France, index ......
. ....... .
France, percent changes ........... .
haly, index .......... , ......... .
Italy, percent changes ..
Japan, index , ... , ... ,.,., ..... , ........... .
Japan, percent changes .'
United KIrY;Jdom, index ....... .
United Kingdom, percent changes
United States, index
United States, percent changes ........ .
West Germany, index
... .
West Germany, percent changes
Industrial production
Canada ......... , .. .
France.
It,ly
Japan ..
OECQ, European countries.
United Kingdom
United States.
West Germanv ..
Stock prices
Canada
..... .
France, ......... .
Italy
........... .
Japan .... .
United Kingdom ..
Un ited States. . . .
, ............ .
West Germanv ........ , .
. . . . . . .... .
International transactions-See also Foreign trade.
Balance on goods and services.
Balance on merchandise trade . . . . . . .. ..
Exports, merchandise, adiusted, exc. military.
Exports, merchandise, total exc. military aid .. '
Exports of agricultural products ..
Exports of goods and services, exc. military
...
Exports of nonelectrical machinery. . .. . . ...
..
Imports, merchandise, adjusted, exc. military.
. .. .
Imports, merchandise, total ..................... .
Imports of automobiles and pans ............. . ..
Imports of goods and services, total
........ .
Imports of petro leum and products ...... .
Income on foreign investments in U.S ......... .
Income on U.S. investments abroad .......... .
Inventories
Business mventones, change, constant dollars ....... .
Business inventories, change, Current dollars ........ .
BUSiness inventOries, change, percent of GNP ....... .
Finished goods. manufacturers' .
Inventories on hand and on order, net change.
Inventories to sales ratio, mfg. and trade (deflated) .
Inventory investment and purchasing, CI ., .. .
Manufacturing and trade, constant dollars. , ... .
Manufacturing and trade, current dollars .. , .... .
Manufacturing and trade, current dollars, change . . ..
Manufacturing and trade, 01 ............ .
Matenals and supplies on hand and on Older, mfg.
Materials and supplies on hand and on order, mfg.,
change ....
Investment, capital
Capital appropriatIOns, manufactUring, backlog
Capital appropriations, manufacturing, new.
Capital appropriations, manufacturing, new, 01
Capital investment commitments, CI .......... .
Construction contracts, commerCial and industnal .
Construction expenditures, business and machinery
and equipment sales
... , ...... , ....... .
Gross private domestic investment
Fixed investment, constant dollars ...... , .. ,.
Fixed investment. current dollars ......... .
Inventories, business, chaf1ge in -See Inventories.
Nonresidential, total constant dollars ...... .
Nonresidential, total, percent of GNP ......... .
Producers' durable equip., nonresid., constant dol.
Residential, total. constant dollars
... .
Residential, to\al, p£rcent of GNP ............ .
Structures, nonresidential. constant dollars.
Total, constant dollars.
Total, current dollars ....... .
New orders, capital goods, nondefense, constant
dollars.
New orders, capital goods, nondefense, current
dollars.
. .................. .
ChClrts
Tables
Historical
Sefles
data
descriptions
(,ssue nate)
(*)
288
289
45
47
82
83
5/81
5/81
57
57
67
116
119
118
117
109
114
115
35
34
34
34
34
35
34
34
73
73
72
73
73
73
72
73
8/81
2/82
2/82
2/82
2/82
2/82
2/82
2/82
46
46
46
46
46
46
46
46
59
96
96
95
95
96
96
95
95
95
95
84,95
84,95
95
95
11/80
11/80
11 /80
11/80
11 /80
11/80
11/80
11 /80
11/80
11 /80
3/81
3/81
11 /80
11 /80
68
68
68
68
69
69
69
69
68
68
59
59
68
68
725
58
58
58
58
58
58
14,20,58
58
94
94
94
94
94
94
63,94
94
12/81
12/81
12/81
12/81
12/81
12/81
7/81
12/81
66
66
66
66
66
66
24
66
743
746
747
748
742
19
745
59
59
59
59
59
59
59
96
96
96
96
96
96
96
7/81
7/81
7/81
7/81
7/81
6/79
7/81
70
70
70
70
70
36
70
667
622
618
602
57
57
57
56
56
57
56
57
56
56
57
56
57
57
93
93
93
92
92
93
92
93
92
92
93
92
93
93
8/81
8/81
8/31
12/81
12/81
8/81
12/81
8/81
12/81
12/81
8/81
12/81
8/81
8/81
65
65
65
64
64
65
64
65
64
64
65
64
65
65
1
SCrt8S Ittles
"Tltle~
(See complete titles in
and
Suurce~
of
Series," following this Index)
Pldrlt and equlpmef1\
Busmess expenditures, flew ..
BJsmess expendllLJleS, nevv. 01 .
Cuntracts and orders, constant dollars.
Contracts and orders, current dollars ......... .
Investment. foreign
Income on foreign investments in U.S. , ..
Income on U.S. Investments abroad
Italv-See InternatIOnal comparisons.
Charts
61
970
20
10
24
38
12,23
23
67
76
66
66
3/81
3/81
3/82
3/82
34
34
32
32
652
651
57
57
93
93
8/81
8/81
65
65
68
62
63
26
30
15,30
30
29
70
70
70
70
4/81
6/81
1/82
12/81
39
39
39
930
930e
952
10
39
36
16
60
11/81
11/81
2/82
8/81
15
10
39
36
33
13,31
60
74
72
71
11/81
11/81
2/82
12/81
10/81
78
11
27
60
68
11/81
9/81
15
28
38
26
68
9/81
28
8
12,21
20
64
64
3/82
8/81
26
25
917
11
60
1 11/81
15
104
13,31
31
31
13,31
31
31
31
32
34
34
71
71
71
71
71
71
71
71
73
73
10/81
8/81
8/81
8/81
8/81
8/81
8/81
3/82
2/82
2/82
40
40
40
40
40
40
40
42
46
46
23
23
12,21
12,23
23
53
21
21
37
38
66
66
64
66
66
90
64
64
77
75
76
86
248
25
25
25
47
517
721
49
62
358
370
370c
83
Japan- See Interndtlonal compamons.
733
7330
736
7360
737
737,
738
738c
732
732,
320
320c
735
735,
723
726
727
728
721
722
47
604
668
606
620
612
616
669
614
652
651
59
59
59
59
59
49
49,59
L
Lahor cost per unit of gross dornestil: product ..
labor cost per unit of outPlJt, manufacturing ........ .
labor cost per unit of output. prlvilte business sel:lOr .
labor cost, price per unit of, nonfarm business.
Labor lorce-See tmployment and unemployment.
lagging indicators, SIX
Cum~OStte tilde):' .
Composite IIlde~. rate of change. . ........... .
Dlf!usmn Inde~ .
. ...
layufl rate. manufacturing.
leading Indicators, twelve
Composite mdex .
Cllmposite II1Ue)(, rate of change .....
oIf( Js;an IIIU8X
.•••.•••••..••••
Liabilities of busilless failures
LiqUid assets, change in total.
Loans-See Credit.
3
910
910c
950
14
104
112
74
61
15
18
I 15
I
is"
44
40
M
Mall·hQuls-See f:mployrnen\ and unemployment.
Marg;ni;ll employment adlustments, [I
........ .
Mi;lleriClls and supplies on nand and on order. mfg.
M(lteflalsand supplies all hand and on order. mig
clldnge.
Materials, crude Clnd intermediate-See Wholesale iJrtces.
Materials, IIldustrlal-See Price Indexes.
Materlais, new urdurs fur consumer goods and .. . ..
M<1terir1ls, rate of capacity utililation ........ .
Merchandise trllde-See Foreign trade.
Military-See Defense.
Money and fillancial flows, CI .
Money supply
Liquid assets. change In total .....
Muney supply MI ....
Money supply MI. percent changes ..
Money supply M2 .
. ................ .
Money supply M2, percent changes .. .
RatiO, GNP to money supply Ml
RdtlO personaf lIlcome to money supply M2 ..
Mortgage debt, net change
......... .
Mot tage Yields secondary market ..... .
Munlcipnl bond Yields
913
84
105
85
106
102
107
108
33
118
117
N
30
245
247
65
36
77
915
70
78
26,42
42
47
27
13,26
27
11
15,27
27
26
38
27
68,81
81
83
68
68
68
60
68
68
68
76
68
38
26
68
71
31
975
4/81
4/81
4/81
9/81
, 3/82
10/81
11/81
10/81
10/81
9/81
1/82
9/81
51
51
51
28
28
28
15
28
28
28
48
28
9/81
28
97
11
965
914
9
24
24
37
11
23
66
66
75
60
66
10/81
10/81
10/81
11/81
3/82
69
24
67
9/81
28
243
242
42
42
81
81
4/81
4/81
51
51
86
248
241
240
25
47
25
25
47
25
42
42
67
83
67
67
83
67
81
81
4/81
4/81
4/81
4/81
4/81
4/81
4/81
4/81
51
b1
51
51
51
51
51
51
27
23
66
9/81
26
24
23
66
9/81
26
88
89
249
87
33
33
33
15
32
NatIOnal drfensR-Sr.p Defensu.
National Government-See Guvernment.
National IncolTle-See Illcome.
New orders, manufacturers'
CaDl1allJood~ induslriRS, nonde1ense. constant dot. .
Capital goods indu~tries. nandetense. current dol.
ClJnSUi1l8r goulh i:mu matenals. constant dollars ....
Cuntl3cts and Uluers, plailt and equip., constant r1ol.
C:.lIltrdcts and ulljl:!r~, ~Iant and 8rJUlP .. current dol.
Defense products.. ...
. ............ .
Durable good~ industr;e~, constant dollars.
Durable goods industries, current dollars ...... , ... .
Curnporlerlls .......... .....
. .. .
DiffUSion Index.
..........
. .. .
New orders, mdnufacturinq, lJl ......... , .. .
t-ionresldentlal fixed Investment, GPOI
Pruducers' durable equipment. constflnt dollArs ..
Structures. constant dollars
TU~i.lL constant dollars.
TotBI. pefcr.nt at GNP.
27
24
8
20
10
548
7
6
964
971
88
87
9/81
9/81
3/82
3/82
3/82
10/81
3/82
3/82
26
26
26
32
32
26
26
26
9/81
1/82
26
48
67
67
67
83
4/81
4/81
4/81
4/81
51
51
51
51
53
58
90
94
3/81
12/81
20
15,30
50
50
50
20
20
20
16
63
70
88
88
88
64
64
64
61
4/81
25
6/81
10/81 1 61
I
12/81
61
12/81
61
8/81
2:;
8/81
25
8/81
25
8/81
~ !i
I
o
ObligatIOns Incurred, Defense Department.. . ..
DECO, European Countries. industrial production.
Orders-See New orders ,mu Unfilled orders.
Output-See ab'J Gross Il,'tlunall-lr,hi,·ct and
Induslrlal I-lrod~ctioll.
Goods output, COflSt,:JI1t dollars .... .
Labor cost DBr unit OJt ....... ,...
. .. .
Per hOll[, nonfarm bUSiness sector..
., ..... .
Per hOllr. I-lrIV;JtR hllsiness sectur
..... .
Per !lOtH, prlvfltR hllsrnr.ss secIDr, perl:t)nt l:llanges ..
RiltllJ to CAf1nClty. rnal1'llilctuflflg (SEA) ......... .
H?tlo tn cilpacltv. miln:riacturll1q (rRG)
RatiO to capacity. mfltHrials.
. ..... .
OvertIme hours. product1on workers. manufacturing
82
84
21
NOTE: CI. composite index; DI, diffusion index; GPDI, gross private domestic investment; NIPA, national income and product accounts.
*The number shown indicates the page on which the series description appears in the HANDBOOK OF CYCLICAL INDICATORS (1977).
Tables
I
66
,"
ALPHABETICAL INDEX-SERIES FINDING GUIDE-Continued
Current
Series titles
(See
titles
Serws
"Titles ;]nd Sourc!;s 01
.. follllwing tills IIlde1()
I'l
(!lImber
ISSUf)
(pillje numbers)
I--..::..-..:....,---.:..-=----l
Charts
Tilbles
Hlstorlc;]1
dati]
('SSJC
date
(*)
p
PartICipation lates, civilian labol lure!:)
Btl111 srxes, 16-1 9 years oj age
remtlles 20years Clod ;)Ver
453
452
451
Males 20 years ,Jnd over.
Series titles
(SI'I! cumpleu: lrli8S in "Tith::!s dnd Sources of
Series," folloWlllq this mdex)
Series
eSCfrptlUns
51
51
51
89
89
89
2/81
2/81
2/81
20
22
41
41
41
41
41
41
41
41
47
65
80
80
81
81
81
81
80
80
83
4/81
4/81
4/81
4/81
4/81
4/81
4/81
4/81
4/81
4/81
Series
number
Current Issue
(page numbers)
1----,-----\
Charts
Tables
Historical
data
Iissue date)
Series
descriptIOns
(')
93
89
249
33
25
47
72
67
83
1/82
4/81
4/81
45
51
51
59
54
22
22
65
65
10/81
10/81
31
31
213
40
80
5/81
49
69
67
913
11
59
54
24
14,22
22
38
27
22
22
9/81
10/81
10/81
1/82
10/81
10/81
10{81
28
28
28
48
28
31
31
295
298
290
292
293
46
46
46
46
46
82
83
82
82
83
5/81
5/81
5/81
5/81
5{81
37
58
58
58
58
92
13,28
69
3/82
60
19
18
13,28
37
27
69
75
68
3/81
2/82
9/81
36
36
28
38
26
68
9{81
28
114
115
Resr.rves, free
Residentiallixed investment, constant dollars, GPOI
ReSidential fixed investment, percent 01 GNP
ReSidential structures-See HouSIilIj.
Retail sfll?s, cons\<lnt doliflrs
RRIiJII sales, current dollars
34
34
72
73
2/82
2/82
46
46
91
15,18
17
12.16
36
16
62
61
61
74
61
3/82
3/82
2/82
1/82
8/81
20
446
445
441
444
37
4
51
51
2/81
2{81
2{81
2{81
3/82
8{81
20
20
20
20
18,51
16
89
89
89
89
62,89
61
44
45
43
18
18
18
62
62
62
, 3/82
20
3/82
3/82
18
20
96
25
21
21
64
64
10{81
9/81
26
26
107
108
32
31
31
12,21
71
71
64
8/81
8/81
2/82
40
40
28
48
85
85
6/81
6/81
6/81
6/81
6{81
6/81
6/81
59
59
60
60
60
60
60
60
50
20
20
Pnrsonal consumptllJrl ['XpCndll!lfp.S
/\utumubrlcs
Durable qoads, curlsl<Hl1 dollars
DUfdbJe goods. CUfrenl dlJllars
Nondurable aoods, Lonstant dollars
Nnndufable gooos, current dullars
Servtr.es, constant dolims
Services, current dolidrs
Towl, rOllstant dolliJrs
1utal, current dollars
TOlal, pmU'!f'r1 01 GNP
PU'>lJllal Income ·Sl~{~ I rlcrJlTlf~
PursnniJl savlnf}
PI~r:"onal
rtJ It' .
Petroll'um
jlrlJducts, Imports
Plallt and elluipment-Seei.llso Investment, c.apI1tJl.
BuslI1essexpenulturcs for
BlISlIlcsscxpendltucs for, 01
Centracts dnd urders fnr, constdnt dollars
Contracts (lfid orders for, current dollars
PooulatlOn, clvilldll employment dS percent 01
Price Irlde)(BS
Consumer IHlces-Snu als{] International cOmt1arlS()I1S
All ,WillS, Index.
1\11 Items, percent ci1anqes
FU'.Jd, Inuex
Fu,)ri, [Jerc.ent changes
DI1IIr1lOrs, NIPA.
I-Ixed welgilted, gfossbuslncss prOOllct, index
hxed weighted, gross bUSiness prnd\\ct, pel. changp.s
Implicit price deflafOr, GNP, Index
IInJ.lllclt rHlce deflator, GNP, percent cilanges.
Illdustridl rnateridls
Illdustrlal matcrii:lls, UJlllpulllmts.
IIIlJustrlallflateriiJls,OI
LdUIJI cost, price pel unil (Jf
SelblllvC' PflC()S, CIIJII~JC III .
Stuck prices Sec ilbu Illternatiul1ul COIl1pilrl~()I'~.
55
233
232
238
236
239
237
231
230
235
50
50
50
50
50
82
83
92
5/81
5/81
12/81
58
58
64
61
970
20
10
90
24
38
12,23
23
18
67
76
3/81
3/81
3/82
3/82
3/82
34
34
32
32
320
320c
322
322c
49
49,59
66
62
49
84,95
84,95
84
49
84
59
5/81
5/81
5/81
5/81
1/82
58
59
49
49
36
1/82
12/81
3/82
60
69
75
3/81
2/82
36
36
85
6/81
6/81
6/81
6/81
6/81
6/81
6/81
6/81
6/81
6/81
12/81
59
59
60
60
60
60
60
60
60
60
1/82
1/82
48
1/82
73
12/81
2/82
48
64
46
48
84
48
48
48
28
84
84
84
967
26
92
37
29
13,28
13,28
37
330
330c
334
334c
331
331c
332
332c
333
333c
26
48
48
48
976
978
977
48
48
48
29
38
38
69
79
75
70
69
85
86
86
85
85
86
86
86
86
70
76
76
76
90
59
59
59
49
109
38
53
35
88
25
67
4/81
51
358
370
370c
916
50
50
88
88
88
10/81
12/81
12/81
11/81
61
61
61
15
18
16
28
69
28
69
4/81
4/81
37
37
80
79
286
287
972
28
28
69
4/81
4/81
5/81
5/81
1/82
8/81
7/80
11 /81
4/81
37
37
37
37
48
4/81
5/81
5/81
37
525
Prut!llcer
~llods-See WhUi!\SDI(; I;IICI)~
Prllducers' durable equlpment,IlUnreslrl., GPOI
Productrr,n-SHf' Industrial pr(Jducllllll ;IIH1 [;NP
ProdUCllvrty
OIJ\put per ilour, lIonLjfm bllSlfles~ sectllr
Output r;er hour, private bUSiness sl!clOr .
Output per ilour, I.Hlvatr. bUSiness SHUur, pcl. challyes
i'Tr)iJtahllltv, CI
50
11
Salarlcs Sr-w Compensallllil
Sales
hrwl salp.s,conS\<lllt dolldrs
rv'lachillery dnd 81lu1pment saies and bUSiness
construction expendllures
MdnJ1at:turing and trade sdles, constant doUars
Milillilacturlllq and trade s[Jtes, current dollars.
M<JflU1JCillflnq and wIde sates, Ot
RatiO, iflllPntrlfieS to sales, mfg. <Hld tfJdr.
HU1.HI silles. constant doll:lfs
RClil11 sales. current doli,]fS
S/lVII1Q
Rl1Slnr.ss sav,ng
Government surplus or delicit
r;rosssilvlng, prlvale and governmcnt
Personill s,lVIng
Per$onal savlog riHp.
Seiling prices-Sec Prrces, seiling
SensI11ve
cni1ngc 111
gnvernmr.nt-SP.R Government
Stnck IlIICes~Scr. (11)11 Intl'rlliltl;)f;()1 nmp,lfISOflS
36
311
31\c
310
310c
23
48
48
48
48
?O
3/81
3/81
3/81
3/81
968
WilolesaleprlC(;s
All c()mmoditll;!s, rndcx
All commodities, percent chanqr.
Consumer finished Qoods, Hldex
Crmsllmer Ilrrlshert
percpnt dldlhjr!S
Crudr mater rals,
Crude malerr,ils, percent cil,rllges
ill1ermedm\e Iflatcrlals, IIldcx
IrrtBflnedlate nlilterlals, J.Il:lfC,ent lhan~es
Pruducer linished goods, lnde~
Producer finished goods, percent cllafl\jes .
Prrce to unit lahor cost, nonfarm bUSllless .
Pm8s, s~(II["\Q
Milnufacturinq, 01 .
Rr!tail trade, 01 .
WhulesElle tlade,lJl
50
50
46
46
56
66
s
50
292
293
614
19
500 common stncks
500 cumrmm stucks, 01
50
60
!.JOO COfTlmon
stoek~
51
56
968
(wiland and (Jll ord8r .
un il3.lld [llid Drl urder,
cilanqe
Surplus Sce Govl~rnmerl1
65
65
76
68
65
65
T
Treasury 0111 fdte
Tredsurv hf'110 Vlclds
u
U,lclllpluyment
Durdllull of unef11plo"yrnent, avelage
Hplp-wall\Hd
[0 unemployment, ratlD
unemploy. rnStJrance
Initial claims, dvg.
unemploy. Illsurance, 01
Lavoff rate, manufacturlll!l .
Number ullcrnploycd, clvilldn labor furn!
Both scxes, 16· ~g ','ears of oQC .
Femalp.s,20
over
Felli
Mates, 20 '(ears and over
Toted unemployed.
Ou.t rcrte,manufacturrng
UIl(~llIplllymr;nt rules
I~ weehclfld over
Insured, dll8ld~e weekly
Total
Unilled OlrJp.r~, Illal:L.fdctll'f:!ls'
Dur"lJle qUULJS Illdus:r'es
Illdustr les, cll(jll~JB In
Intp.ln(ltlOlwl comparisons
60
5
962
3
51
51
19
18
18
18
20
18
v
Prufl\s
Corpofute, ,If!!!r tJXI:S,l.IJf1stant du:l{lrs
Curporiltp, Clf\(!r IdX('~, l.urrent dl11:dls
CUlP{)fClW, <1ft!:! IdXI)~, WI!I1IVA dr1(j CC/\,
l.IHlstdll1 d()!I~\f
(;UI:JUfo\(!, ilftr~r \i1xes, With IVA ,111d CCA, LIII ,JI·I
CclfjllllHte, wltll IVA ,llid CUi
Corpordll!, Wlttl IVil <111(.1 ClA, Ilet III Ild!'1. ImOJTI
Mal1ufactlJfllll) ilild lrade,UI
01 .
82
83
76
75
70
60
22
47
38
37
29
11
29
81
282
283
29
45
47
70
960
Illaf1\ddLI!lrlll~
.
15
916
Q(Jfl\C::.tIC IrKome .
,md CCA to CorPOfilW dorn(!stlc
lIICUIIH'
PflllHletors'
Pr()prlp.Tm<;'
j(IC·)~lle
,/vlth IVA alld CCA
IV/\" ,lfld r:CA, pr '. ()i Ilat'!.
IIlc·,';'r~wlttl
II~L.
69
45
69
82
83
38
15
37
56
56
Q
16
61
8/81
18
R
f1PllldIIlICIJlIII' Id p8r~OIlS, Wlt·1 CCA
Rr.r1t.,j illCOllJr III pursons, WI~I' eCI\ perCl:nt ')1 lli!L lIlal
InCom{!
284
45
82
5/81
57
285
47
83
5/81
57
VelOCI1V JI mnrwv
GNP to munev supplV MI, rntlO
Persondl Income l() mUflL'Y sUlJply M2, r[ltll)
Vpndor pr.rformancr
w
Wdqes dnd $ill<lw.:s·-See CUmpCflXl!lllIl
WfJSt Gf'rl1)dnv~Sep.lfll.f;rl1atlOndl compallSrHiS.
W!ILJII:!S{llu ,lrIC8s
All
~omllHldltleS,lIldex
All LornrnoditlPs, lJercrmt ci1iJl1!lp.s
ClJlIs.11'ler flnlsl'f'rJ Qnnds, .I"·dr.~
Consclmnr 1ll1lslH~d
Li);,lllJes
Crwln :n,1lf!i1<1Is,
[rude m(l\(~f\[\ls, pr.rcelll ,:il,lIl!Jr.S .
II'r('(mp.dlillf! m,:!RfI(Ils, lIldnll
IntermediatE moterlals, pl'rCPlll cilan~es
ProdUCH i 1111:llPd ~oorls, Indpx
PloducPr 1111IS1)p.d!F nrls, percpn: [hijl'DRS .
S,.IIS tille ilIICl~S, char1W~ :1·'
','Vmhveek ,.iI Jlrnrlu~tll!ll wurkers, man,rfacturrng
\NorkWf!f!k of jllll,jllctlDrl workers. manufacturing,
330
330,
334
334c
331
331c
332
332c
333
333c
92
1
48
48
48
48
48
48
48
48
48
13,28
12,16
86
86
85
85
86
86
86
86
69
61
77
961
36
74
6/81
6/81
6/81
3/82
8/81
60
9{81
15
60
60
15
NOTE: CI, composite index; 01, diffusion index; GPO!, gross private dowestic investwent; MIPA, national income and product accounts.
'The number shown indicates the page on which the series description appears in the HANDBOOK OF CYCLICAL INDICATORS (1977).
113
TITLES AND SOURCES OF SERIES
7!Il.l5 KW 80l1N«5 0ss 5r«l^8
3ec,ez »le !,zte<! de!»« »ccuc<lmz!<> tne 5ec!>un5 u! tn,z leuost
Senes are listed below accord 109 to the sections 01 this report
10 which they appear. Senes numbers are for Identillcatlon
only and do not reflect relallonsh,ps or order among the
senes ... M" foliowlOg a senes IItle IOdlcates monthly data:
"Q" indicates quarterly data. Data apply to the whole penod
except when indicated by "EOM" (end of month) or "EOQ"
(end of quarter).
,n «»n,cn tne> »psie»c 8e^ez numbell »ce !»s ,<lenli!,c»t,on
on!> ziül <lo nn! ceüec! le!»!x>n5n,i>5 ol »sllel »münz Ãie
ze«,«z "^ !u!!omnlj » z«s,e5 !,!!« ,nll,c»t«z munt!,!/ i!,!»^
To save space. the commonly used sources listed below are
referred to by number
"y ,n<l,c»!e5 <>li«s!es>> il»t» ll»!» »pp!> !l> !ne «nu!e sielwö
e»cepl «nen ,n<l,c»te<l u> ll)»t (enc! »! mon!n> ur ü<)()
<en<l o! qü«s!el>
lo 5»ve zsi»ce, !ne cnmmc,n!> xze«l znucc« iütell !>e!u« »s«
lele^eil !o o^ lwmbe^
Source I-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 01 labor Stallstlcs: Source 4-Board 01 Governors 01
the Federal Reserve System.
8u^lce I-U8 Depzstmenl o! commerce, Lore»«, »!
ücunom,c ^n»!^,z^ 3<wrce 2-0 3 llei>»r!ment »! commerce,
8lire»>i ol tne Oenzoz^ 3olirce 3-U 8 lle>>»stmen! o! l,»d0l,
8xre»u o! l,»dor 8!»!^l>c^ 8uürce <-8o»l<! ol Lovemorz o!
! <1, Lompozite Index«!
?Ià ü»msi»lit« in<!«l n< >»e!«e !e»!<inl in<lic»tosz <inc!u<!e!
5«li« I, 5, «, I?, 19, 2», 23, 2?, 3«, 82, I«<, I»6)
<«>,-3»us« I (10,33,6!!!
313 c»msi«ite in<<«» »! m,^in»! en>si!ufni«n! »<l>!iztmentz
(incluö«! «ri« I, 2, 3, 5) <«> -8oolce I (11,60!
11. Newly approved capital appropriations. 1.000
manulacturinc corporations <Q). - The Conference
Board
(24.66)
12. Index 01 net business lormation (M) -Source 1:
seasonal adlustment by Bureau 01 Economic AnalYSIS
and National Bureau of Economic Research.
Inc
02.23.65)
315 Oumsioli!« in,!«» »! in»«ntus>! in»«l!men! »n<!
14. Current liabilities 01 business failures (M)-Dun &
Bradstreet. Inc.
(33.72)
910. Composite index 01 twelve leadinc indicators (includes
series 1. 5. 8. 12. 19. 20. 29. 32. 36. 92. 104. 106)
(M) -Source 1
(10.39.60)
913. Composite index 01 marcinal emp/oyment adjustments
(includes series 1. 2. 3. 5) (M).-Source 1 01.60)
15. Profits (after tues) per dollar 01 sales. all
manulacturinc corporations (Q).-Federal Trade Com·
mission and Secunlles and Exchange Commission:
seasonal adlustment by Bureau of Economic
AnalySIS
(29.70)
39. Percent 01 consumer installment loans delinquent 30
days and over (EOM).-Amerlcan Bankers
ASSOCiatIOn
(33.72)
914. Composite index of capital investment commitments
(includes series 12. 20. 29) (M)-Source 1 (11.60)
16. Corporate profits after tues in current dollars (Q).SOU rce 1
(28.69)
915. Composite indn 01 inventory investment and
purchasinl (includes series 8. 32. 36. 92) (M).-Source
1
(11.60)
lB. Corporate prolits after taxes in 1972 dollars (Q).Source 1
(28.69)
«lin 1ll<, I»6, II!» («>,-8»us« I NIM
32l> Oomst»li!« inde» o! !ou^ ^nul!>>> «mciöen! iüöiczto«
<mc>u<!« !eli«z <I, <?, 51, 5?) <^>-8»ince
l <I!»,33,6l»
33N, Oump»zi!e inc!« »! zi» >>ll>"l m<1>c»!<>s! linciuc!«
z«li« 82, ?ll, 72, 31, 35, I03) l«>-8°^ce
I <I0,33,K0>
3«! ü«!io, coinciden! composüe in<!« <z«li« 32l!) !» i^-
li»l comst««!!« in<l«l <z«si« 330) l^>-8o^ce
! <II,«ll>
3B. Chance in stocks 01 materials and supplies on hand and
on order. manulacturinc (M).-Source 2
(26.68)
40. Number 01 employees in nonacricultural CDOdsproducinc industries-mininc. manulacturinC. and
construction (M).-Source 3
(17.62)
41. Number 01 employees on nonacricultural payrolls.
establishment survey (M).-Source 3
(14.17.62)
42. Number 01 persons encaced in nonacricultural acti,ities.
labor lorce survey (M). -Sources 2 and 3
( 17.621
43. Unemployment rate. total (M).-Sources 2 and 3(18.62)
19. Index 01 stock prices. 500 common stocks (M).Standard & Poor's Corporallon
(13.28.59.69.96)
44. Unemployment rate. persons unemployed 15 weeks and
over (M).-Sources 2 and 3
(18.62)
917. Composite index 01 money and linancial flows (includes
series 104. 106. 110) (M) -Source 1
(11.60)
20. Contracts and orders lor plant and equipment in 1972
dollars (M).-Sources I. 2. 3. and McGraw· Hill
Information Systems Company
(\2.23.66)
45. Averace weekfy insured unempfoyment me, Stlte
procrams (M) -U.S. Department of Labor. Employment
and Training Admlnlstrahon
(18.621
920. Composite index 01 lour rouchly coincident indicators
(includes series 41. 47. 51. 57) (M).-Source
1
(10.39.60)
21. Averace weekly overtime hours of production workers.
manulacturinc (M).-Source 3
(\6.61)
46. Index 01 help-wanted advertisinc in newspapers (M) The Conference Board
(\7.61)
930. Composite indn 01 six laccinc indicators (includes
series 62. 70. 72. 91. 95. 109) (M)-Source
1
(10.39.60)
22. Ratio 01 prolits (after tues) 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. Inde. of spot market prices. raw industrial materials
(M).-Source 3 dnd Commodl!y Research Bureau. Inc
I Used by permisSion Begrnnrng With June 1981. thiS
\~"e\ may no! be reproduced WI!hout wrrtlen permiSSion
·I,~.m Cnmmod'!y Research Bureau~ Inc I
! 2869.791
4B. Employee-hours in
(M).-Source 3
24. Value 01 manulacturer's new orders, capital coods
industries. nondefense, in current do/Ian (M) -Source
2
(23.66)
50. Gross national product in 1972 dollars (Q).-Source
1
(\9.39.40.63.80)
916. Composite index of prolitability (includes series 19.26.
80) (M).-Source 1
(11.60)
316, 0»msi«5it« in<l« »! stso!i!»Ki!i<> (inc!u<l« l«si« 13, 26.
80) <«>,-8°^ce I <I!,Ãll>
36. Net chance in inventories on hand and on order in 1972
dollars (smoothed) (M).-Sources 1. 2. and 3(13.26.68)
I-A. Composite Indexes
oolinzzinz (incioclez leriez 8,3?, 36, 32) <«t>â3oorce
I <II,S0>
35. Net cash flow. corporate. in 1972 dollars (Q).-Source
1
(29.70)
37. Number 01 persons unemployed. labor lorce sun"
(M)-Sources 2 and 3
(18.51.62.89)
3I< Oomoozite inöe» o! c»oi!»! in»eltmen! cummi!m«n!5
<inc!oö«l zeri« 12, 2», 23) <«>-3oolce I <!>,ei»
34. Net cash flow. corporate. in current dollars (Q)~Source 1
(29.70)
13. Number of new business incorporations (M).-Dun &
Bradstreet. Inc.: seasonal ad,ustment by Bureau 01
Economic AnalYSIS and National Bureau of Economic
Research. Inc.
(23.65)
loüomnz Ine zous« !or e»cn 5er>« >z »n ,n<l,c»!>on o! Ine
Lo»le »!zo !,z>z cn»r! »nc! !»b!e <>»le nlimoerl lor e»cn
10. Contracts and orders lor plant and equipment in current
dollars (M) -Source 2 and McGraw·HIIi Information
Systems Company: seasonal ad,ustment by Bureau 01
the Census and Bureau 01 Economic AnalYSIS (23.66)
33. Net chance in mortca,e debt held by linancial
institutions and life insurance companies (M)American CounCil of lile Insurance: Federal National
Mortgage Assoclallon: U.S. Department 01 HOUSing and
Urban Development. Government National Mortgage
Assoclallon: National AsSOClalion 01 Mutual SaVI ngs
Banks: U.S Savings and Loan league: and source 4;
seasonal adjustment by Bureau of Economic
AnalYSIS
(32.71)
FoliowlOg the source for each senes IS an Indlcallon of the
pages on which that senes appears. The "Senes FlOding
GUide" also lists chart and table page numbers lor each
senes.
Ine fe<ler»! ««erve 8>z!em
»»zez on «n,cn In»! z«s,e5 »sisie»sz Ine "3er,ez f,nc!,nz
Bureau 01 Economic Analys)s and Nallonal Bureau 01
Economic Research. Inc. (Used by permisSion. ThiS
senes may not be reproduced Without wnlten
permission from the source.)
(23.66)
940. Ratio. coincident composite index (series 920) to lacginl composite index (series 930) (M) -Source
1
(11.60)
nonacriculturaf establishments
(17.3961)
49. Value 01 loods output in 1972 dollars (Q)-Source
1
(20.63)
18, ^cii«! inclicZtosz
1 ^»«s«l« <»0s>!»»l«!> o! ps»<!llc!i»l! «»s!>«ll,
I-B. Cyclical Indicators
mz!,l<!«wsme <«>,-3«us«3 <!2,IS,KI??1
2 ^ccezzinn l«t«, mznulzctusinl <M -8oulce 3 <IL,KI)
\. Averace workweek 01 production workers.
manulacturinc (M) -Source 3
(12.16.61.77)
3, l,»^»!! s«>«, m»nu!»cwsi!!l (^> -8»^sce 3 <Ib,bI>
2. Accession rate. manulacturing (Ml.-Source 3 (16.61)
<, Yui! l«te, m«nu!«c!ulinl <^> ^8ou^ce 3 <IK,KI)
inzul,nce, 8!»!e stwl«n,5 <«>,-U,8 llepsttmen! l>!
zeözunz! z<!,uz!men! d> Ã^^ez^ <>! tconom,c
3. layoff rate. manulacturinc (M)-Source 3
(16.61)
4. Quit rate. manufacturinc (M )-Source 3
(\6.61)
25. Chance in manufacturers' unlilled orders. durable coods
industries (M).-Source 2
(21.64)
26. Ratio. implicit price deflator to unit labor cost, nonlarm
business sector (Q).-Sources 1 and 3
(29.70)
^«!>5,z l!2,Ib,KN
inliultsi«, in cü^en! <!n!>«l! <M-8»^ce 2!2I,6<??>
? V«>x« o! m«!w!»cwl«sz' ne« orclesl, c!ul«!>>e zonöz
mcwltti«!, in I3?2 <<ll»«sz <^>-5<!usc« I. 2, »n6
3 <2I,6<>
8 Vzil,« n! m»nü<zc!ülelz' ne« »lu>l5 !nl conlumes lonöl
,nö m,!«?iz>z in 1372 i!«>i,sl <«1-8ou^e5 I, 2, «ni!
5. Averace weekly initial claims lor
insurance. State procrams 1M l. -U.S
Ldbor. Employment and Training
seasonal adlustment by Bureau
AnalySIS
unemployment
Department of
Administration.
of EconomiC
02.16.6\)
6. Value 01 manulacturers' new orders. durable coods
industries. in current dollars (M) - Source 2(21.64.77)
3 !I2,2I,K<>
3 ü»nz!mc!ion cnn!l«c!z »««iclec! !ol comm«lci«! «n«l
iniixllliz! Kuiidinzl, üoos lpzce <>V!-^cllsz» >^,!>
7. Value 01 manulacturers' new orders. durable loods
industries. in 1972 dollars (M).-Sources I. 2. and
3
(21.64)
>n!o^m2!,o^ 8>5<emz l!omn«n>^ ze«5onz> zchuztmen! d>
8us«0 0! Hconniwc ^n«>^l,z «n<! i>l«!,<!N«! 8üs«u ul
lconom,c ë«lcn, inc, <Uz«<! d> n«sm,z5wn, 7n,z
27. Value 01 manulacturers' new orders. capital coods
induslries. nondelense. in 1972 dollars (M).-Sources
1. 2. and 3
(23.66)
28. New private housinC units started. total (M).-Source
2
(25.67)
29. Index 01 new privale housinC units authorized by local
buildinc permits (M).-Source 2
(13.25.67)
30. Gross private domestic investment. chance in business
inventories. all industries. in 1972 dollars (Q).-Source
1
(26.42.68.81)
8. Value 01 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 manulacturin, and trade
inventories. tolal (M)-Sources 1 and 2
(26.68)
9. Construction contracts awarded for commercial and
industrial buildings. floor space (M) -McGraw· Hili
Information Systems Company: seasonal adlustment by
32. Vendor performance, percent of tomlllnils rtCli¥llII
slo••r defiYlrilS (M).-PurchaSing Management
ASSOCiation of Chicago
(12.21.64)
zel,«z mz^ n»! de lenlo^cel! «,!n0ll! R»l,!!en
ne?m,5z,»n I^nm tne z»nsce> <23,56>
10 üon!l,c!l »n<< lls<!«ll <ul nizn! ,n<! «quistm«n! in cnss«n!
uoüzlz <^>-8»ulce 2 «nö XcLs««^,!> !n!i>sm«t,!!n
8>z!emz Ãomnzn^ ze«5»n«! zc!,!«!men! b> 8us««u 0!
114
!!ie Ãenzul 2N<! 8^5«u »! tci>nom,c ^n«!>,z,z <23,K6>
11 «««!>> «>>sis»»e<< c»sii!»> »Psilosis«»!!»»!, I.OOll
m»N!l!,ctulinl c»ssi«l,!ionl <y)-Ine c»n!«len«
51. Personal income. less transfer payments. in 1972 do/lars (M).-Source 1
(\4.19.39.631
52. Personal income. total. in 1972 dollars (M). -Source
1
(\9.631
53. Wace and salary income in mininc. manulacturinc. and
construction in 1972 dollars (M).-Sources 1 and
3
(19.63)
54. Sales 01 retail stores in current dollars (M).-Source
2
122.651
55. Personal consumption expenditures. automobiles (Q) Source 1
(22.651
56. Manulacturinc and trade sales in current do/lars (M) Sources 1 and 2
(2265)
57. Manufacturinc and trade sales in 1972 dollars (M)Sources 1. 2. and 3
(14.2265)
58. Inde. of consumer sentimenl (Q.M).-UOIverslty at
Michigan. Survey Research Center
(22651
59. Sales of retail slores in 1972 dollars (M)-Sources 1
2. and 3
(22651
TITlES AND SOURCES OF SERIES- Continued
60. Ratio. help. wanted advertisine in newspapers (series
46) to number of persons unemployed (series 37)
(M) -Sources 1. 2. 3. ar.d The Conference
Board
(17.61)
84. Rate of capacity utilization. materials (Q).-Source
4
(20.64)
61. Business elpenditures for new plant and equipment,
total (Q) -Source 1
(24.67)
86. Gross private domestic fiud investment. total
nonresidential. in 1972 dollars (Q) -Source 1(25.67)
62 Indel of labor cost per unit of output. total
manuhcturinl-ratio. indu of compensation of
employees in manufacturing (sum of waces. salaries.
and supplements to waees and salaries) to indel of
industrial production. manufacturine (M)-Sources 1
and 4
(15.30.70)
87. Gross private domestic filed investment. nonresidential
structures. in 1972 dollars (Q)-Source I
(25.67)
61 Indel of unit labor cost, private business sector (Q).(30.70)
89. Gross private domestic filed investment. total
residential. in 1972 dollars (Q).-Source I
(25.67)
64. Compensation of employees as a percent of national
income (Q) -Source 1
(30.47.70.83)
90. Ratio. civilian employment to total population of
workin, age (M) -Sources 1. 2. and 3
(18.62)
65. Manufacturers' inventories of finished eoods. book
value. all manufacturinc industries (EOM) -Source
2
(27.68)
91. Averale (mean) duration of unemployment in weeks
(M) -Sources 2 and 3
(15.18.62)
IlNN «NU 80UNN5 0f 8«!«- continueci
88 »,!>«, deist »,n!e<< ««»«ilizinl in ne«!N,i>ell <5esie«
8«3lo (17,81)
81 8ulin«l «n«n<li!ul« l»l ne« oi3n! 3N<! equipmen!,
!°!,i <y>,-5nl!s« I (24,87)
(31.71l
88. Gross private domestic filed investment. nonresidential
producers' durable equipment. in 1972 dollars (Q).Source I
(25.67)
l? incie» »! !«b»l c,l! st«l oni! »l »ulstut. !»!»!
m»no!»c!>>ssinlâs»!i«, li>6«» o! comoen!»!inn o!
Source 3
emoloye« in M3no!»c!ulinz (zum o! «»l«, l3>3si«,
3n<! zoopiemen!! >o »»zez 3N<! !»>»s>«) tu inoe» o!
in8uz!si«i 0so8uc!ion, M3nu<3c!ul>nl (X> â5«Us«l I
3N<! 4 (15,38,78)
83 in«!«« »! oni! >3bol co«!, osi»3!e buzinell !«c!os <<)! -
5°us« 3 (38,78)
84, 8omoen!3!i»n «! empio^e«! 3l 3 n«cen! «! N3!ion,i
66. Consumer instillment credit (EOM)-Source 4; FRB
incom« (y),-8oosce I (38,47,78,83)
85, !i>,nu!,c!ul«ll in«en!»si« o! !inilne<< l»o<<l, >"x>l>
»3iue, 3ii M3no!3c!osinz in8uztli«l (tll^) â5ous«
seasonally ad lusted net change added to seasonally
adlusted figure for prevIous month to obtlln current
figure
(35.73)
9Z. Chlnl' in SIIIsiti" crud. materills prices (PPI 01 crude
materills less Ilricuitural products) (smoothed) (M).Sources 1 and 3
(13.28.69)
93. Free reserves (member banks flcen reserves minus
borrowings) (M)-Source 4
(33.72)
2 (27,88)
67. Bank rates on short·term business loans (Q). ·Source
4
(35.73)
88, coinum«, !!»«,!!m»!,t cl«l» <l<W),-8»usc« 4^ f«8
94. Member bank borrowincs from the Federal Reserve
(M)-Source 4
(33.72)
!e«50li»!!> «lljuit«! ne! cd3Nl>e 3<i<le<! !o ze350N3Ã>
68. Labor cost (current dollars) per unit of cross domestic
product (1972 dollars). nonfinancial corporations-ratio
of current·dollar compensation of employees to real
gross corporate product (Q).-Source 1
(30.70)
«chultec! lizule !o^ o^ev,oliz montd to ubt»in cussenl
»izus« (35,73)
87. 8,n!l s,t« on ln»s< !«sM du«in«l !»»>» <y> -8uosce
4 (35.73)
69. Manufacturers' machinery and equipment sales and
business construction elpenditures (industrial and com·
mercial construction put in place) (M). -Source
(24.67)
2
95. Ratio. consullllr instillment credit to personal income
(EOM)-Sources 1 and 4
(15.35.73)
96. Manufacturers' unfilled orders. durable loods industries
(EOM) -Source 2
(21.64)
Kl l,2n»s col! (cu^en! <!nl>«sz> n«l uni! o! l^oll öom«!ic
silüöuct (1972 l!ll»«sl), non!in3nci3i colsi«l3!i»nlâl3>io
97. Backloe of capital appropriations. 1.000 manufacturine
corporations (EOQI - The Conlerence Board (24.661
o< cullent <!«»«s c»mo«n!3!ion o! «mnio/e«! !o l«»>
ls»ll cmi»l»l« pslxluct <y> -5»l<s« I (38,78)
70. Manufacturing and trade inventories in 1972 dollars
(EOM) -Sources 1. 2. and 3
05.27.68)
10Z. Chance in money supply MZ (M) -Source 4 (3171)
l? !i!,nu<,ct!is«sl' m»cnm«l> 3N<! «quipmen! «!«, 3n<l
doline» c»nz!mc!ion e»p«n<!i!osez <in<!ul!n»i 3N<! com-
71. Manufacturinc and trade inventories. total book value.
melci»! conz!mc!i«n put in n!«e) (X>â8oulce
in current dollars (EOM).-SolJrces 1 and 2 (27.68)
l (24,87,
72. Commercial and industrial loans outstandinc. weekly
78. «»nukcwsinl 3N<! <s»<!« invenluriel in 197? nnikl!
(c0«),-5°usc« I, 2, «no 3 (15,27.88)
?I «3no!3c!ulinl 3n<< !s3<!e in»«n!oli«z, !o!«i !>»«!! V3>u«,
in cu,s«n» 8°ii3l! <ü0«> -8o,isc« I ,n<< ? <??,K8)
report inc large commercial banks (M) -Source 4;
seasonal adlustment by Bureau of Economic
AnalYSIS
(15.35.73)
(34.72)
I-C. Diffusion Indexes
8S. Chance in money supply Ml (M)-Source 4
48) !o numbel o! oellonl unemoio^e«! <!«li«! 3?)
<«),-5<>!n«5 I, 2, 3, «no' 7de Conlerence
119. Federal funds rate (M)-Source 4
104. Change in total liquid assets (smoothed) (M) -Sources
I and 4
(13.31.71)
950 Diffusion indu of twelve lead inc indicator components
(M)-Source 1
(36.74)
951. Diffusion indfl of four roughly coincident indicator
components (M)-Source 1
(36.74)
952. Diffusion indel of sil larcing indicator components
(M)-Source I
(36.74)
960. Diffusion indel of net profits. manufacturinc-about
700 companies (Q) -Dun & Bradstreet. Inc (Used by
permission ThiS series may not be reproduced Without
written permiSSion from the source.)
(35.75)
961. Diffusion indel 01 averace workweek of production
workers. manufacturing-20 industries (M)-Sources 1
and 3
(36.74.77)
962. Diffusion indel of initial claims for unemployment
insurance. State proerams-51 areas (M) - Source I
and US Department 01 Labor. Employment and Tramlng
AdmmlstratlOn seasonal adlustment by Bureau of
Economic AnalySIS
(36.74)
963. Diffusion indel of number of employees on private
nonagricultural payrolls-I72 industries (M). -Source
(36.74)
3
964. Diffusion indel of value of manufacturers' new orders.
durable goods induslries-35 industries (M). -Sources
I and 2
(37.75.771
965. Diffusion indel of newly approved capital
appropriations. deflated-17 manufacturine industries
I Q) - The Conference Board
137.75)
966. Diffusion indel of industrial production-24 industries
(M) -Sources I and 4
(37.75.78)
967. Diffusion indel of spot market prices. raw industrials13 industrial materials (M).-SoufLe, I. 1 and
(""lIIn""jlly R'''Ydflll Bllleau. Inl
I 3~ 71.791
IDS. Money supply Ml in 1972 doIars (M)-Sources 1.3.
and 4
(31.71)
968. Diffusion indel of stock prices. SOO common stocks53·82 industries 1M) -Standard & Poor's
Corporation
137.75)
106. Money supply MZ in 1972 dollars (M ISourm 1. 3.
and 4
(13.31.71)
970. Diffusion indel of business elpenditures for new plant
and equipment. tolal-18 industries (Q)-Source
(38.76)
1
73. Indel of industrial production. durable manufactures
??, üomnierci»! »n<! in6!l5ll!2> >»«n« »u>z!znöinl, «««Klf
s«p«s<inl !»sl« «Nim««!,! !>zn><z <^)â801»« <^
(M) -Source 4
ze«llln«> «<!juz!men! !>> Ll,l«u o! lconomic
^«iftiz (15,35,73)
74. Indel of industrial production.
manufactures (M)-Source 4
(20.63)
nondurable
(20.63)
73, >n<!« »< inÃullli»! sis»6ucli»n, llu^K!« m«nu!«cw«z
<«> -8°us« < <?U,63)
75. Indel of industrial production. consumer eoods (M).Source 4
(22.65)
?< !ni!el «! inc!u«!si»> sil»<!ucti»n, n»n<!ul»!>>e
M2Nü!,c!us« <«>,-8ousce < <?l>,63)
76. Indel of industrial production. business equipment
(M)-Source 4
(24.67)
75, !â<!«» »< in<!u»!si»! ps0(!uc!ion, conlum«? l»«65 <«1> -
8»l<sc° < <22,K5>
77. Ratio. constant·dollar inventories (series 70) to sales
78, im!« »l inöulln»! psixwclinn, nulinezz equipment
<«),-5°us« < <?<,5?>
(series 57). manufacturing and trade. total (EOM)Sources 1. 2. and 3
(27.68)
78. Stocks of materials and supplies on hand and on order.
manufacturing (EOM).-Source 2
(27.68)
77, K,li«. conl!«n! <<o>!2l in»«nlnli« («sie« ?l>) t» !,!«
llesi« 57), mznukctimnl zn<! !s,<!e, !u!,! <ld«1>,-
8<>ulcez I, ?, «n<< 3 (27,88)
79. Corporate profits after tales with inventory valuation
and capital consumption adjustments in current dollars
(Q) -Source 1
(28.69)
107. Ratio. cross national product to money supply Ml
(31.71)
(Q)-Sources I and 4
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. Tolal funds raised by private nonfinancial borrowers in
credit markets (Q)-Source 4
(32.72)
112. Nel change in bank loans to businesses (M).-Source 4;
seasonal adlustment by Bureau of Economic
AnalYSIS
(32.72)
113. Net chan.. in consumer installment credit (M).-Source
(32.72)
4
7l 8!l>c!ü o! m»tesi«>« »n<! zuppli« on n«n<! zn<! nn »s<!«,
M2nu!,clusin« <tll«>,-5ousce? <??,88>
114. Discount rate on new issues of 91·day Treasury bills
(M) -Source 4
(34.72)
??, üolsiUs«!« Nln!it5 «N«l !««! «i!n in»«n!ol> v«!ll«!ion
80. Corporate profits after tales with inventory valuation
and capital consumption adjustments in 1972 dollars
(Qj-Source 1
(28.69)
«n<< «nit»! cnnzumsition «<ljul!m«nll in cms«n! <<n»«s!
!y> ^8«us« I <?8,88>
lü üolpuszt« stso!i!l ?t!el !«»ez «ün in»en!o^ »«iuztinn
81. Ratio of profits (after tales) with inventory valuation
and capital consumption adjustments to total corporate
domestic income (Q).-Source 1
(29.70)
zn<! «ni!2> cnn«umll!ion ziljullmentz in 1972 <!»>!2lz
<Y>,-8<>^c« I <?8,K3)
81 X«!i» o! silolüz («Nel tzzez) «i!n in«n!»s> »2>u«!ion
82. Rate of capacity utilization. manufacturing (Q)-Source
(20.64)
4
2nö c?pi!«> conzumplion «cljultmentz!» !«!»> cospos«!«
<i»m«!ic mc»m« <y),-5ous« I (23,70)
83. Rate of capacity utilization. manufacturing (EOQ).Source I
(20.64)
l? H,!« »< »>>«>!/ uli!il«!!on, mznüllctunnl (y),â8»l<sce
33 ü,!« »< c,st,ci!f uli!il«tion, m,nu!«ctusinl (tlly) -
115. Yield on long·term Treasury bonds (M).-U.S
Deparlment of the Treasury
(34.73)
116. Yield on new issues of hich·grade corporate bonds
(M)-Cltlbank and U.S. Department of the
Treasury
(34.73)
117. Yield on municipal bonds. 20·bond average (M) - The
Bond Buyer
(34.m
118. Secondary market yields on FHA mortgages (M)-US
Department of HOUSing and Urban Development. Federal
HOUSing Admmlstratlon
(34.73)
971. Diffusion indu of new orders. manufacturing-about
700 businessmen reporting (Q).-Dun & Bradstreet. Inc
(Used by permission. ThiS series may not be reproduced
Without written permiSSion from the source) (38.76)
972. Diffusion indel of net profits. manufacturing and
trade-about 1400 businessmen reportinc (Q) -Dun &
Bradstreet. Inc (Used by permission. ThiS series may
not be reproduced Without wntten permisSion from the
source)
(38.76)
973. Diffusion indel of net sales. manufacturing and tradeabout 1400 businessmen reporting (Q). - Dun &
Bradstreet. Inc. (Used by permission. ThiS senes may
not be reproduced Without wntten permiSSion Irom the
source)
(38.76)
974. Diffusion indel of number of employees. manufacturing
and trade-about 1400 businessmen reporting (Q)Dun & Bradstreet. Inc. !Used by permission. ThIS series
may not be reproduced Without wntten permiSSion from
the source)
(38.76)
975. Diffusion indel of level of inventories. manufacturing
and Irade-about 1400 businessmen reporting (Q)Dun & Bradstreet. Inc. (Used by permisSion. ThiS selles
may not be reproduced Without written permission from
the source)
(38.76)
976. Diffusion index of selling prices. manufacturing-about
700 businessmen reporting (Q) -Dun & Bradstreet. Inc
(Used by permission ThiS senes may not be reproduced
Without written permISSion from the source) (38.76)
8«!!s« I <?l>,8<>
8< 8,!« »! czpzci!» utililÃi»«. m»l«si»l5 <y>,â8o»sc«
4 (20,50
85 l!n,nle in lwx»f !Usisi!> n<I <«> â8o«s« < (31,7l)
115
TITLES AND SOURCES OF SERIES- Continued
inventories, all industries, as a percent of gross national
product (Q).-Source 1
(47,83)
(46,82)
292. Personal saving (Q).-Source 1
293. Personal saving rate-personal saving as a percent of
disposable personal income (Q).-Source 1 (46,83)
248. Gross private domestic fixed investment, nonresidential,
295. Business saving-undistributed corporate profits plus
977. Diffusion index of selling prices, wholesale trade-about
450 businessmen reporting (Q).-Oun & Bradstreet, Inc.
(Used by permission. This series may not be reproduced
without written permission from the source.) (38,76)
247. Gross private domestic investment, change in business
978. Diffusion index of selling prices, retail trade-about 250
as a percent of gross national product (Q). -Source
businessmen reporting (Q).-Dun & Bradstreet, Inc.
(Used by permission. This series may not be reproduced
without written permission from the source.) (38,76)
1
(47,83)
249. Gross private domestic fixed investment, residential, as
a percent of gross national product (Q).-Source
1
(47,83)
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)
250. Net exports of goods and services in current dollars;
national income and product accounts (Q).-Source
II-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)
50. Gross national product in 1972 dollars (Q).:....Source
1
(19,39,40,63,80)
1
(44,82)
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;
64. Compensation of employees as a percent of national
income (Q).-Source 1
(30,47,70,83)
national income and product accounts (Q).-Source
200. Gross national product in current dollars (Q).-Source
1
(40,80)
255. Net exports of goods and services in 1972 dollars;
213. Final sales (series 50 minus series 30) in 1972 dollars
(Q).-Source 1
(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)
221. Per capita disposable personal income in 1972 dollars
(Q).-Sources 1 and 2
(40,80)
230. Personal consumption expenditures, total, in current
dollars (Q).-Source 1
(41,80)
23l. 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)
1
(44,82)
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)
116
331. Index of producer prices, crude materials for further
processing (M).-Source 3
(48,85)
332. I ndex 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,
workers, private nonfarm economy-adjusted for
overtime (in manufacturing only), interindustry
employment shifts, and seasonality (M).-Source
3
(49,87)
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)
345. Index of average hourly compensation, all employees,
nonfarm business sector (Q).-Source 3
(49,87)
268. State and local government purchases of goods and
346. Index of real average hourly compensation, all
services as a percent of gross national product (Q).Source 1
(47,83)
employees, nonfarm business sector (Q).-Source
280. Compensation of employees (Q).-Source 1
(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
285. Rental income of persons with capital consumption
inventories, all industries, in current dollars (Q).Source 1
(42,81)
330. Index of producer prices, all commodities (M).-Source
3
(48,85)
341. Index of real average hourly earnings of production
239. Personal consumption expenditures, services, in 1972
dollars (Q).-Source 1
(41,81)
245. Gross private domestic investment, change in business
322. Index of consumer prices, food (M).-Source 3(49,84)
a percent of gross national product (Q).-Source
284. Rental income of persons with capital consumption
adjustment (Q).-Source 1
(45,82)
243. Gross private domestic fixed investment, total, in 1972
dollars (Q).-Source 1
(42,81)
320. Index of consumer prices, all items (M).-Source
3
(49,59,84,95)
265. Federal Government purchases of goods and services as
238. Personal consumption expenditures, nondurable goods,
in 1972 dollars (Q).-Source 1
(41,81)
242. Gross private domestic fixed investment, total, in
current dollars (Q).-Source 1
(42,81)
311. Filed-wei,hted price indel, ,ross business product
(Q).-Source 1
(48,84)
private nonfarm economy-adjusted for overtime (in
manufacturing only), interindustry employment shifts,
and seasonality (M).-Source 3
(49,87)
consumption adjustments as a percent of national
income (Q).-Source 1
(47,83)
24l. Gross private domestic investment, total, in 1972 dollars (Q).-Source 1
(42,81)
310. Implicit price deflator, gross national product (Q).Source 1
(48,84)
263. Federal Government purchases of goods and services in
1972 dollars (Q).-Source 1
(43,81)
237. Personal consumption expenditures, services, in current
dollars (Q).-Source 1
(41.81)
240. Gross privJte domestic investment, total, in current dollars (Q).-Source 1
(42,81)
II-B. Prices, Wages, and Productivity
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)
3
(49,88)
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)
358. Index of output per hour, all persons, nonfarm business
sector (Q).-Source 3
(49,88)
370. Index of output per hour, all persons, private business
sector (Q).-Source 3
(49,88)
ii-C. labor Force, Employment, and
Unemployment
(45,82)
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)
289. Net interest as a percent of national income (Q).Source 1
(47,83)
442. Total civilian employment, labor force survey (M).Sources 2 and 3
(51,89)
290. Gross saving-private saving plus government surplus or
deficit (Q).-Source 1
(46,82)
444. Number unemployed, males 20 years and over, labor
force survey (M):-Sources 2 and 3
(51,89)
287. Corporate profits with inventory valuation and capital
consumption adjustments as a percent of national
income (Q).-Source 1
(47,83)
288. Net interest (Q).-Source 1
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).-Source 4
(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, males 20 years
and over (M).-Sources 2 and 3
(51,89)
577. Defense Department personnel, military, aelive 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)
453. Civilian labor force participation rate, both sexes 16·19
years of age (M).-Sources 2 and 3
(51,89)
580. Defense Department net oullays, 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)
II-D. Government Activities
588. Value of manufacturers' shipments, defense produels
(M).-Source 2
(54,91)
500. Federal Government surplus or deficit; national income
and produel accounts (Q).-Source 1
(52,90)
II-E. U.S. International Transactions
501. Federal Government receipts; national income and pro·
duel 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 agricultural produels (M).-Source 2;
seasonal adjustment by Bureau of Economic
Analysis
(56,92)
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 produel accounts (Q).-Source 1 (52,90)
511. State and local government receipts; national income
and produel accounts (Q).-Source 1
(52,90)
512. State and local govermiient 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, OSO, Comptroller, Washington
Headquarters Services; seasonal adjustment by Bureau
of Economic Analysis
(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)
548. Value of manufaelurers' new orders, defense produels
(M).- Source 2
(53,90)
722. United Kingdom, index of industrial produelion (M).Central Statistical Office (London)
(58,94)
723. Canada, index of industrial production (M).-Statistics
Canada (Ottawa)
(58,94)
725. West Germany, index of industrial produelion (M).Deutsche Bundesbank (Frankfurt)
(58,94)
726. France, index of industrial produelion (M).-Institut
National de la Statistique et des Etudes Economiques
(PariS)
(58,94)
727. Italy, index of industrial produelion (M).-Instituto
Centrale di Statistica (Rome)
(58,94)
606. Exports of nonelectrical machinery (M).-Source 2;
seasonal adjustment by Bureau of Economic
Analysis
(56,92)
612. General imports, total (M).-Source 2
721. Organization for Economic Cooperation and
Development, European countries, index of industrial
produelion (M).-Organization for Economic Co·
operation and Development (Paris)
(58,94)
(56,92)
614. Imports of petroleum and petroleum produels (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)
728. Japan, index of industrial produelion (M).-Ministry of
International Trade and Industry (Tokyo)
(58,94)
732. United Kingdom, index of consumer prices (M).Ministry of Labour (London); percent changes seasonal·
Iy adjusted by Bureau of Economic Analysis (59,95)
733. Canada, index of consumer prices (M).-Statistics
Canada (Ottawa); percent changes seasonally adjusted
by Bureau of Economic Analysis
(59,96)
735. West Germany, index of consumer prices (M).Statistisches Bundesamt (Wiesbaden); percent changes
seasonally adjusted by Bureau of Economic Analysis
(59,95)
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).-Instituto 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)
651. Income on U.S. investments abroad (Q).-Source
1
(57,93)
742. United Kingdom, index of stock prices (M).-The
Financial Times (London)
(59,96)
652. Income on foreign investments in the United States
(Q).-Source 1
(57,93)
743. Canada, index of stock prices (M).-Statistics Canada
(Ottawa)
(59,96)
667. Balance on goods and services (Q).-Source 1(57,93)
745. West Germany, index of stock prices (M).-Statistisches
Bundesamt (Wiesbaden)
(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)
559. Value of manufacturers' inventories, defense products
(EOM).-Source 2
(54,91)
669. Imports of goods and services, total (Q).-Source
1
(57,93)
746. France, index of stock prices (M).-Institut National de
la Statistique et des Etudes Economiques (Paris)
(59,96)
561. Value of manufaelurers' unfilled orders, defense pro·
duels (EOM).-Source 2
(54,91)
II-F. Internatjonal Comparisons
747. Italy, index of stock prices (M).-Instituto Centrale di
Statistica (Rome)
(59,96)
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).-Tokyo Stock
Exchange (Tokyo)
(59,96)
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