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BUSINESS
CONDITIONS
DIGEST
NOVEMBER 1982
:QF COMMERCE
BilREAU OF
ECONOMIC ANAIYS1S
U.S. DEPARTMENT OF COMMERCE
Malcolm Baldrige, Secretary
Robert G. Dederick, Under Secretary for Economic Affairs
BUREAU OF ECONOMIC ANALYSIS
George Jaszi, Director
Allan H. Young, Deputy Director
Charles A. Waite, Associate Director for
National Analysis and Projections
Feliks Tamm, Editor
This report is prepared in the Statistical Indicators Division of the Bureau of Economic
Analysis. Technical staff and their responsibilities for the publication are—
Barry A. Beckman—Technical supervision and review
Brian D. Kajutti—Composite indexes
Morton Somer—Seasonal adjustments
Betty F. Tunstall—Data collection and compilation (Phone: 202-523-0541)
The cooperation of government and private agencies that provide data is gratefully
acknowledged. Agencies furnishing data are indicated in the list of series titles and sources
at the back of this report.
This publication is prepared under the general guidance of a technical committee consisting of the following persons:
Beatrice N. Vaccara, Chairman, Bureau of Industrial Economics, U.S. Department of
Commerce
John H. Auten, U.S. Department of the Treasury
Norman Frumkin, Office of Management and Budget
Ronald E. Kutscher, Bureau of Labor Statistics, U.S. Department of Labor
J. Cortland Peret, Board of Governors of the Federal Reserve System
Adrian W. Throop, Council of Economic Advisers
Charles A. Waite, Bureau of Economic Analysis, U.S. Department of Commerce
ABOUT THIS REPORT
• BUSINESS CONDITIONS DIGEST (BCD) provides
a monthly look at many of the economic time
series found most useful by business analysts
and forecasters.
The original BCD, which began publication
in 1961 under the title Business Cycle Developments, emphasized the cyclical indicators approach to the analysis of business conditions
and prospects. The report's contents were based
largely on the list of leading, roughly coincident,
and lagging indicators maintained by the
National Bureau of Economic Research, Inc.
In 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: $55.00 domestic,
$68.75 foreign. Single copy price: $5.50 domestic, $6.90 foreign. Foreign airmail rates are
available on request. Address correspondence
concerning subscriptions to Superintendent of
Documents, U.S. Government Printing Office,
Washington, D.C. 20402. Make checks payable
to 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
BCD
New Features and Changes for This Issue
METHOD OF PRESENTATION
1
1
1
1
4
5
5
Seasonal Adjustments
MCD Moving Averages
Reference Turning.Dates
Part I. Cyclical Indicators
Part II. Other Important Economic Measures
How To Read Charts
How To Locate a Series
Summary of Recent Data and Current Changes ,
PART I.
CYCLICAL INDICATORS
it??
COMPOSITE INDEXES AND
THEIR COMPONENTS
Al I
A2
A3
A4 I
Composite Indexes
Leading Index Components
Coincident Index Components
Lagging Index Components
Chart
Table
10
12
14
15
60
—
—
—
16
19
21
23
26
28
31
61
63
64
65
68
69
71
36
—
39
74
77
—
CYCLICAL INDICATORS
BY ECONOMIC PROCESS
Bl
B2
B3
B4
B5
B6
B7 I
Employmentand Unemployment
Production "and Income
Consumption, Trade, Orders, and Deliveries
Fixed Capital Investment
Inventories and Inventory Investment
Prices, Costs, and Profits
Money and Credit
DIFFUSION INDEXES
AND RATES OFCHANGE
Cl 1
_
C3 I
Diffusion Indexes
Selected Diffusion Index Components
Rates of Change
The Secretary of Commerce has determined
that the publication of this periodical is necessary in the transaction of the public business
required by law of this Department. Use of funds
for printing this periodical has been approved
by the Director of the Office of Management
and Budget through April 1, 1985.
BCII
PART II.
OTHER IMPORTANT
ECONOMIC MEASURES
NATIONAL INCOME
AND PRODUCT
Ali
A2_J
A5j
A7j
GNP and Personal Income
Personal Consumption Expenditures
Gross Private Domestic Investment
Government Purchases of Goods and Services
Foreign Trade
National Income and Its Components
Saving
Shares of GNP and National Income
Chart
Table
40
41
42
43
44
45
46
47
80
80
81
81
82
82
82
83
48
49
84
87
51
89
52
53
90
90
56
57
92
93
58
59
59
94
95
96
PRICES, WAGES,
AND PRODUCTIVITY
Price Movements
Wages and Productivity
•3
_
LABOR FORCE, EMPLOYMENT,
AND UNEMPLOYMENT
[jLLj
Civilian Labor Force and Major Components
El
GOVERNMENT ACTIVITIES
LJ?_1_|
Lfi2j
Receipts and Expenditures
Defense Indicators
U.S. INTERNATIONAL TRANSACTIONS
ILL]
_E2_J
Merchandise Trade
Goods and Services Movements
IQI
INTERNATIONAL COMPARISONS
L_FJL_
L_F2._.
LE3J
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 (October 1982 issue)
C. Historical Data for Selected Series
97
D. Descriptions and Sources Of Series (See "Alphabetical Index—Series Finding Guide")
E. Business Cycle Expansions and Contractions (July 1982 issue)
F. Specific Peak and Trough Dates for Selected Indicators (June 1982 issue)
G. Experimental Data and Analyses
Alphabetical Index—Series Finding Guide
Titles and Sources of Series
105
110
114
Readers are invited to submit comments and
suggestions concerning this publication.
Address them to Feliks Tamm, Chief, Statistical
Indicators Division, Bureau of Economic Analysis,
U.S. Department of Commerce, Washington, D.C. 20230
NEW FEATURES
AND CHANGES
FOR THIS ISSUE
A limited number of
changes are made from
time to time to incorporate recent findings of economic
research, newly available time series, and
revisions made by
source agencies in
concept, composition,
comparability, coverage,
seasonal adjustment
Changes in this issue are as follows:
methods, benchmark
data, etc. Changes may
1. The series on bank rates on short-term business loans
(series 67) is now compiled by the source agency on the basis
of revised reporting forms and instructions. The average
interest rate is affected by a new question on frequency of
interest compounding (previously inferred), which causes that
rate to be higher than when calculated on the old basis.
Therefore, data beginning with the third quarter 1982 are
not directly comparable with data prior to that quarter.
Further information concerning this change may be
obtained from the Board of Governors of the Federal Reserve
System, Division of Research and Statistics, Banking Section.
2. For series 110 (total private borrowing), revised
1982 data for the first and second quarters and preliminary
data for the third quarter are available only in billions
of dollars at this time. In this issue, zeros are added to
these data to show them in millions of dollars. Official
data in millions of dollars will be published in the next
issue,
3. Appendix C contains historical data for series
48, 54, 56, 57, 59, 63, 95, 96, 110, 260-263, 265-268, 290,
292, 293, 295, 298, 310, 311, 345, 346, 370, 564, and 565.
4. Appendix G contains recession comparisons for
series 73, 74, 82, 86, 91, 104, 930, and 940,
The December issue of BUSINESS CONDITIONS DIGEST is scheduled
for release on January 4.
result in revisions of
data, additions or
deletions of series,
changes in placement of
series in relation to
other series, changes
in composition of
indexes, etc.
SIX BEA PROJECTS
FOR ECONOMIC
ANALYSIS
BUSINESS CONDITIONS DIGEST A monthly report for analyzing
economic fluctuations over a short span of years.
This report brings together many of the economic time series most useful to business analysts and
forecasters. In the cyclical indicators section, each of about 110 business cycle indicators is assigned
a three-way timing classification according to its cyclical behavior at peaks, troughs, and all turns.
This section also includes important analytical measures, such as composite indexes of leading, coincident, and lagging indicators and selected diffusion indexes. A second section contains other important economic data on prices, wages, productivity, government and defense-related activities, U.S. international transactions, and international comparisons.
About 300 time series are shown in analytical graphs that help to evaluate business conditions and
prospects. Current data are shown in accompanying tables. Appendixes provide historical data,
seasonal adjustment factors, measures of variability, cyclical comparisons, and other useful information. A computer tape containing data for most of the series is available for purchase.
HANDBOOK OF CYCLICAL INDICATORS A reference volume containing valuable background information for users of Business Conditions Digest.
This recurrent report provides descriptive and analytical information on the economic time series
presented monthly in Business Conditions Digest. Included are series descriptions, historical
data, and measures of variability. For the cyclical indicators and composite indexes, special tables
show detailed scoring measures and average timing at cyclical peaks and troughs. Verbal and
algebraic explanations of the composite index methodology are also provided.
LONG TERM ECONOMIC GROWTH A report for the study of economic
trends over a long span of years: 1860-1970.
This report provides a comprehensive, long-range view of the U.S. economy by presenting relevant
statistical time series in easy-to-follow analytical charts and convenient data tables. It is a basic
research document for economists, historians, investors, teachers, and students, bringing together in
one volume a complete statistical basis for the study of long-term economic trends. A computer tape
file of the time series included in the report is available for purchase.
COMPUTER PROGRAMS FOR TIME SERIES ANALYSIS The source
statements for FORTRAN IV programs used by BEA in its analysis of
time series are available on a single computer tape.
SEASONAL ADJUSTMENT PROGRAMS—Two variants of the Census computer program
measure and analyze seasonal, trading-day, cyclical, and irregular fluctuations. They are particularly
useful in analyzing economic fluctuations that take place within a year. The X-ll variant is used for
adjusting monthly data and the X-11Q for quarterly data. These programs make additive as well as
multiplicative adjustments and compute many summary and analytical measures.
INDEX PROGRAM—This program computes composite and diffusion indexes and summary
measures of the properties of each index.
TIME SERIES PROCESSOR—This program, through simple commands, performs a variety of
arithmetic, statistical, and manipulative operations on time series data.
SURVEY OF CURRENT BUSINESS
current economic developments.
A monthly report for analyzing
This report provides a useful combination of current data for nearly 2,000 statistical series and
significant articles analyzing economic developments. These data and analyses include such areas as
the national income and product accounts, the balance of payments accounts, plant and equipment
expenditures, regional personal income, and the input-output accounts.
For further information (including prices and ordering instructions) on any of these items,
please write to the Bureau of Economic Analysis,
U.S. Department of Commerce, Washington, D.C.
20230.
BUSINESS STATISTICS A biennial reference volume containing
statistical series reported currently in the Survey of Current Business.
This report provides historical data back to 1947 for nearly 2,600 time series. The series are accompanied by concise descriptions as to their composition, methods of compilation, comparability, revisions, and availability. Also listed are the names and addresses of organizations that provide the basic
data for the series.
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.
The charts in this report generally include
centered MCD moving averages for those series
with an MCD greater than 4. The seasonally
adjusted data are also plotted to indicate their
variation about the moving averages and to provide
observations for the most recent months.
Reference Turning Dates
The historical business cycle turning dates used
in this report are those designated by the National
Bureau of Economic Research, Inc. (NBER). They
mark the approximate dates when, according to
NBER, aggregate economic activity reached its
cyclical high or low levels. As a matter of general
practice, neither new reference turning dates nor
the shading for recessions will be entered on the
charts until after both the new reference peak and
the new reference trough bounding the shaded area
have been designated.
The historical reference turning dates are subject
to periodic review by NBER and on occasion are
changed as a result of revisions in important
economic time series. The dates shown in this
publication for the 1948-1970 time period are those
determined by a 1974 review. Since then, NBER has
designated turning points for the 1973-1975 recession and the 1980 recession.
Part I. CYCLICAL INDICATORS
Business cycles have been defined as sequences
of expansion and contraction in various economic
processes that show up as major fluctuations in aggregate economic activity—that is, in comprehensive measures of production, employment,
income, and trade. While recurrent and pervasive,
business cycles of historical experience have been
definitely nonperiodic and have varied greatly in
duration and intensity, reflecting changes in
economic systems, conditions, policies, and
outside disturbances.
One of the techniques developed in business
cycle research and widely used as a tool for analyzing current economic conditions and prospects is
the cyclical indicators approach. This approach
identifies certain economic time series as tending
to lead, coincide with or lag behind the broad
movements in aggregate economic activity. Such
indicators have been selected and analyzed by
NBER in a series of studies published between
1938 and 1967. During the 1972-75 period, a new
comprehensive review of cyclical indicators was
carried out by the Bureau of Economic Analysis
(BEA) with the cooperation of the NBER research
staff. The present format and content of part I of
BCD are based on the results of that study.
Section A. Composite Indexes and
Their Components
All cyclical indicators have been evaluated according to six major characteristics: Economic
significance, statistical adequacy, consistency of
timing at business cycle peaks and troughs,
conformity to business expansions and
contractions, smoothness, and prompt availability
(currency). A formal, detailed weighting scheme
was developed and used to assess each series by all
of the above criteria. (See articles in the May and
November 1975 issues of BCD.) The resulting
scores relate to cyclical behavior of the series
during the period 1947-70. This analysis produced
a new list of indicators classified by economic
process and typical timing at business cycle peaks
and troughs. (See tables on page 2 and text below
relating to section B.)
This information, particularly the scores relating
to consistency of timing, served as a basis for the
selection of series to be included in the composite
indexes. The indexes incorporate the best-scoring
series from many different economic-process
groups and combine those with similar timing
behavior, using their overall performance scores as
weights. Because they use series of historically
tested usefulness and given timing characteristics
(for example, leading at both peaks and troughs),
with diversified economic coverage and a minimum
of duplication, composite indexes give more
reliable signals over time than do any of the
individual indicators. Furthermore, much of the
1
Cross-Classification of Cyclical Indicators by Economic Process and Cyclical Timing
A. Timing at Business Cycle Peaks
N. Economic
\Process
1.
I
I
.
EMPLOYMENT
PRODUCTION
AND
AND
INCOME
(10 series)
UNEMPLOYMENT
(18 series)
Cyclical^.
Timing
N.
Clserles)
Job vacancies •,
- pietltst - , :< ...
Comprehensive
LEADING (L)
INDICATORS
(62 series)
III.
CONSUMPTION.
TRADE,
ORDERS, AND
DELIVERIES
(13 series)
Hew and
unfilled orders
and deliveries
{€ serjesf
Consumption
(2 series)
fl/Wrles*)--- *- "
' Compreheftsive ' '
• wnempwwirtt--
IV.
FIXED
CAPITAL
INVESTMENT
(18 series)
Formation of
business
enterprises
(2 series)
Business
Investment
commitments
(5 series)
Residential
construction
|3 series)
V.
INVENTORIES
AND
INVENTORY
INVESTMENT
;(2iMii$ ; •
(23 series)
LAGGING fLg)
INDICATORS
(18 series)
Consumption
and trade
(4 series)
f^j^mt
'Trade
{tsertes)
TIMING
UNCLASSIFIED
(U)
(8 series)
,
"-
'••
''
\
V
/ -
(26 series)
Inventory
Investment
(4 series)
Inventories ott
hand and on
order
(1 series)
Stock prices
|1 series)
Commodity
•prices
(1 series)
Profits and
profit
~ margins
(? series)
Casn flows
(£ series)
Backlog of
investment
commitments
(S series)
Business
Investment
expenditures
(5 series)
Business
investment
expenditures
(1 series)
*0ttf$tKwrOf
'.
(17 series)
Money flows
J3 series)
^eat monty
JBfe.-."
(4 series)
•'djffte'wtlts-- '-. ;
Bank reserves
Interest rates
Comprehensive . C om pre hen si ve employment
o«f pwt a«d
real income
* (4 series) • 'industrial , '
production
(4 series)
•
VII.
(9 series)
.C3.**M| ^-:\
ROUGHLY
COINCIDENT(C)
INDICATORS
VI.
PRICES, COSTS, MONEY
AND PROFITS
AND CREDIT
Verity of
. ittoiH^y' -i - '
(2 series)
1 nterest rates
(2 series) '~
Inventories on
hand and on
order
(4 series)
Business
Investment
commitments
(1 series)
Unit labor costs
and labor snare
(4 series)
iin«r»it>«^»;>:-:
<^S£8S&t'
' JS5W:\- ; :
Commodity
prices
(1 series)
Wofit share
(1 series)
interest rifts
C3, series)
;
B. Timing at Business Cycle Troughs
Economic
^Process
EMPLOYMENT
AND
UNEMPLOYMENT
(18 series)
Cyclical
Timing
II.
PRODUCTION
AND
INCOME
(10 series)
industrial
- production
LEADING (L)
INDICATORS
(47 series)
III.
CONSUMPTION,
TRADE,
ORDERS, AND
DELIVERIES
(13 series)
New and unfilled
", orders and
deliveries
tion
and trade
(4 series)
IV.
FIXED
CAPITAL
INVESTMENT
(18 series)
Formation of
business
enterprises
Business
investment ,<.
commitments
V.
INVENTORIES
AND
INVENTORY
INVESTMENT
?jr
'joJ^pni^i
LAGGING (Lg)
INDICATORS
(40 series)
»«B50\- • - - ; ,
Comprehensive *
:
,CMii
"t^l«-:.
Consumption
and trade
(3 series)
Business
Investment
• commitments
ynffitteil orders
(1 series)
Business
investment
commitments
(2 series)
Business
Investment
expenditures
(6 series)
VI.
PRICES, COSTS,
AND PROFITS
(17 series)
VII.
MONEY
AND CREDIT
(26 series)
(9 series)
Inventory
investment
(4 series)
Stock
flows
pr f ces ,
Jl series)
profit margins
{6 series)
Cashflows
Residential .
construction ,
(3 series)
ROUGHLY
COINCIDENT(C)
INDICATORS
(23 series)
Inventories on
hand and on
order '
IS sertes)
Unit labor costs
and labor share
(4 series)
of
unemployment
TIMING
UNCLASSIFIED
(1 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 timing.
Consequently, rough coincidences include short
leads (-) and lags ( + ) as well as exact
coincidences (0). (For monthly series, the range is
from -3 through -hi at peaks and from -1 through
+3 at troughs, where minus denotes leads and
plus denotes lags in months.)
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
series known to have a useful pattern of early
cyclical timing. Numbers entered on the charts of
the composite indexes show the length, in months,
of leads (-) and lags (+) at each of the reference
turning dates covered.
The next set of data consists of series included
in the principal composite indexes. These are the
12 components of the leading index, the 4
components of the coincident index, and the 6
components of the lagging index. Following the title
of each series, its typical timing is identified by
three letter symbols in a small box. The first of
these letters refers to the timing of the given
indicator at business cycle peaks, the second to its
timing at business cycle troughs, and the third to
its timing at all turns, i.e., at peaks and troughs
combined. "L" denotes a tendency to lead, "C" a
tendency to roughly coincide with the business
cycle turns (as represented by the NBERdesignated reference dates), and "Lg" a tendency
to lag. Since these series have been selected for the
consistency of their timing at both peaks and
troughs, all components of the leading index are
denoted "L,L,L," all components of the coincident
index "C,C,C," and all components of the lagging
index "Lg,Lg,Lg." It should be remembered that
these classifications are based on limited evidence,
namely the performance of the indicators during
the business cycles of the 1948-70 period, which
included five peaks and five troughs. While the
timing classifications are expected to agree with
the patterns prevailing in the near future, they will
not necessarily hold invariably in every instance.
The timing of the series in the post-1970 period can
be determined by inspection of the charts, where the
1973-1975 recession and the 1980 recession are
shaded according to the dates of the NBER reference
cycle chronology.
Section B. Cyclical Indicators by Economic Process
This section covers 111 individual time series,
including the 22 indicators used in the
construction of the composite indexes. The peak
and trough timing classifications are shown on the
charts in the same manner as described above, but
this section includes series with different timing at
peaks and at troughs, as well as series where the
timing is not sufficiently consistent to be classified
as either L,C, or Lg according to the probabilistic
measures and scoring criteria adopted. Such series
are labeled U, i.e., unclassified as to timing at
turning points of the given type. Eight series are
unclassified at peaks, one series at troughs, and 19
series at all turns (of the 19, 15 have definite but
different timing at peaks and at troughs). No series
that is classified as U both at peaks and at troughs
is included in the list of cyclical indicators.
The classification scheme which groups the
indicators of this section by economic process and
cyclical timing is summarized in the two
tabulations on page 2. Cross-classification A is
based on the observed behavior of the series at five
business cycle peaks (November '48, July '53,
August '57, April '60, and December '69); crossclassification B, on their behavior at five business
cycle troughs (October '49, May '54, April '58,
February '61, and November 70). Each tabulation
distinguishes seven major economic processes and
four types of cyclical timing. The titles in the cells
identify subgroups of the given economic process
with the given timing characteristic. The number of
series in each such group is given in parentheses
following the title. Complete information on how
individual indicators are classified by timing at
peaks, troughs, and all turns, along with selected
measures and scores, is provided in the 1977
Handbook of Cyclical Indicators.
Section C. Diffusion Indexes and Rates of Change
Many series in this report are aggregates
compiled from numerous components. How the
individual components of an aggregate move over a
given timespan is summarized by a diffusion index
which indicates the percentage of components that
are rising (with half of the unchanged components
considered rising). Cyclical changes in these
diffusion indexes tend to lead those of the
corresponding aggregates. Since diffusion indexes
are highly erratic, they are computed from changes
measured over 6- or 9-month (or 3- or 4-quarter)
spans, as well as 1-month (or 1-quarter) spans.
Longer spans help to highlight the trends underlying the shorter-term fluctuations. Diffusion indexes
are shown for the component series included in
each of the three composite indexes and for the
components of some of the aggregate series shown
in section B.
Diffusion measures can be derived not only from
actual data but also from surveys of anticipations
or intentions. Indexes based on responses of
business executives about their plans and
expectations for several operating variables are
presented, along with the corresponding indexes
based on actual data, as the last set of diffusion
series.
This section also records rates of change for the
three composite indexes (leading, coincident, and
lagging) and for four indicators of aggregate
economic activity: GNP in constant dollars
(quarterly), industrial production, employee hours
in nonagricultural establishments, and personal
income less transfers in constant dollars. Rates of
change are shown for 1- and 3-month spans or for
1-quarter spans.
Although movements in diffusion indexes and in
rates of change for the same aggregates are
generally positively correlated, these two measures
present information about two related but distinct
aspects of economic change. Diffusion indexes
measure the prevailing direction or scope of
change, while rates of change measure the degree
as well as the overall direction. As is the case for
diffusion indexes, cyclical movements in the rates
of change tend to lead those of the corresponding
indexes or aggregates, and thus, they tend to lead
at the business cycle turns as well.
Part II. OTHER IMPORTANT ECONOMIC
MEASURES
This part is divided into six sections which cover
a wide range of quarterly and monthly time series
measuring various aspects of economic activity.
Some of these series are very comprehensive,
pertaining to the U.S. economy as a whole, others
have to do with particular sectors or markets, and
still others relate to U.S. international transactions
or to selected foreign countries. The represented
variables include incomes, outputs, and
expenditures; prices, earnings, and productivity;
labor resources; government receipts,
expenditures, and defense-related activities; exports and imports; and selected indicators for a few
key foreign countries.
Section A. National Income and Product
The national income and product accounts,
compiled by BEA, summarize both receipts and
final expenditures for the personal, business,
foreign, and government sectors of the economy.
Section Al shows the gross national product,
final sales, and personal and disposable personal
income. The four major components of the gross
national product—personal consumption
expenditures, gross private domestic investment,
government purchases of goods and services, and
net exports of goods and services-are presented in
sections A2 through A5. Most of the series in
section A are presented in current as well as
constant dollars. There are also a few per capita
series. The national income and product accounts,
briefly defined below, are described more fully in
the Survey of Current Business, Part I,
January 1976.
Gross national product (GNP) is the market
value of final goods and services produced by the
labor and property supplied by residents of the
United States, before deduction of allowances for
the consumption of fixed capital goods. It is the
most comprehensive measure of aggregate
economic output. Final sales is GNP less change in
business inventories.
Personal income is the income received by
persons (individuals, owners of unincorporated
businesses, nonprofit institutions, private trust
funds, and private noninsured welfare funds) from
all sources. It is the sum of wage and salary
disbursements, other labor income, proprietors'
income, rental income of persons, dividends,
personal interest income, and transfer payments,
less personal contributions for social insurance.
Disposable personal income is the personal
income available for spending or saving. It consists
of personal income less personal taxes and nontax
payments to government.
Personal consumption expenditures (A2) is
goods and services purchased by individuals,
operating expenses of nonprofit institutions, and
the value of food, fuel, clothing, rent of dwellings,
and financial services received in kind by individuals. Net purchases of used goods are also included.
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
private business. The former include all private labor force and its major components: Total
purchases of dwellings, whether purchased for numbers of employed and unemployed persons.
tenant or owner occupancy. Net purchases of used The number of unemployed is subdivided into
selected categories defined by sex, age, and class
goods are also included.
Government purchases of goods and services of worker. Also included are data on participation
(A4) is the compensation of government employees rates for a few principal segments of the labor
and purchases from business and from abroad. It force.
excludes transfer payments, interest paid by
Section D. Government Activities
government, and subsidies. It includes gross
investment by government enterprises but excludes
Receipts, expenditures, and their balance (surtheir current outlays. It includes net purchases of plus or deficit) are shown quarterly on two levels:
used goods and excludes sales and purchases of (1) Federal Government and (2) State and local
land and financial assets.
government. Also shown is a selection of series
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
of the national production; imports are not, but are influence short-term changes in the national
included in the components of GNP and are economy. Included are series relating to
therefore deducted. More detail on U.S. obligations, contracts, orders, production,
international transactions is provided in section E. shipments, inventories, outlays, and employment.
National income (A6) is the incomes that These series are grouped according to the time at
originate in the production of goods and services which the activities they measure occur in the
attributable to labor and property supplied by defense order-production-delivery process. Series
residents of the United States. Thus, it measures measuring activities which usually precede prothe factor costs of the goods and services pro- duction, such as contract awards and new orders,
duced. It consists of the compensation of are classified as "advance measures of defense
employees, proprietors' income, rental income of activity." Series measuring activities which tend to
persons, corporate profits, and net interest.
coincide with production, such as employment, and
Saving (A7) is the difference between income activities which usually follow production, such as
and expenditures during an accounting period. shipments, are classified as "intermediate and final
Total gross saving includes personal saving, measures of defense activity."
business saving (mainly undistributed corporate
profits and capital consumption allowances), and Section E. U.S. International Transactions
government surplus or deficit.
This group includes monthly series on exports
Shares of GNP and national income (A8).—The
major expenditure components of GNP (excluding military aid) and general imports, plus a
(consumption, investment, etc.) are expressed as few selected components of these aggregates. Also
percentages of GNP, and the major income shown are the balances between receipts and
components of national income (compensation of expenditures for goods and services, merchandise,
employees, corporate profits, etc.) are expressed as and investment income.
percentages of national income.
Section F. International Comparisons
Section B. Prices, Wages, and Productivity
The important data on price movements include
the monthly consumer and producer price indexes
and their major components. Based largely on
these series are the quarterly price indexes from
the national income and product accounts, notably
the GNP implicit price deflator (with weights
reflecting the changing proportions of different
expenditure categories in GNP) and the fixedweighted price index for the gross business product. Data on both levels and percent changes are
presented for the period since 1971.
The group of series on wages and productivity
consists of data on average hourly earnings and
average hourly compensation (including earnings
and other benefits) in current and constant dollars,
output per hour of work in the business sector, and
rates of change for most of these measures.
This section is designed to facilitate a quick
review of basic economic conditions in six of the
nations with which we have important trade
relationships. The U.S. business cycle shading has
been omitted from these charts. Data on industrial
production, consumer prices, and stock prices for
Canada, the United Kingdom, France, West Germany, Japan, and Italy are compared with the corresponding U.S. series. Also included is an industrial production index for the European
countries in the Organization for Economic
Cooperation and Development (OECD). The industrial production series provide cyclically sensitive output measures for large parts of the
economies covered. Changes in consumer price indexes (plotted for the period since 1971) provide
important measures of the rates of inflation in the
major industrialized countries. Stock prices (also
shown beginning in 1971) tend to be significant as
leading indicators.
HOW TO READ CHARTS
Peak (P) of cycle indicates
end of expansion and beginning of recession (shaded
area) as designated by NBER.
Basic Data
Arabic number indicates latest
month for which data are
plotted. ("9" = September)
Solid line indicates monthly
data. (Data may be actual
monthly figures or moving
averages.)
Dotted line indicates anticipated data.
Broken line indicates actual
monthly data for series where
a moving average is plotted.
Roman number indicates
latest quarter for which data
are plotted. ("IV" - fourth
quarter)
Solid line with plotting points
indicates quarterly data.
Parallel lines indicates a break
in continuity (data not available, extreme value, etc.).
Diffusion Indexes
Solid line indicates monthly
data over 6- or 9-month
spans.
Broken line indicates monthly
data over 1-month spans.
Various scales are used to
highlight the patterns of the
individual series. "Scale A"
is an arithmetic scale, "scale
L-1" is a logarithmic scale
with 1 cycle in a given distance, "scale L-2" is a logarithmic scale with two cycles
in that distance, etc.
Arabic number indicates latest
month for which data are
used in computing the indexes.
Broken line with plotting
points indicates quarterly
data over 1-quarter spans.
Roman number indicates
latest quarter for which data
are used in computing the indexes.
Solid line with plotting points
indicates quarterly data over
various spans.
Diffusion indexes and rates
of change are centered within
the spans they cover.
Trough (T) of cycle indicates
end of recession and beginning of expansion as designated by NBER.
Dotted line indicates anticipated quarterly data over
various spans.
Rates of Change
Solid line indicates percent
changes over 3- or 6-month
spans.
Broken line indicates percent
changes over 1-month spans.
Solid line with plotting points
indicates percent changes over
3-or 4-quarter spans.
Arabic number indicates latest
month used in computing
the changes.
Broken line with plotting
points indicates
percent
changes over 1-quarter spans.
Roman number indicates
latest quarter used in computing the changes.
HOW TO LOCATE A SERIES
1. See ALPHABETICAL INDEX-SERIES FINDING GUIDE at
the back of the report where series are arranged alphabetically
according to subject matter and key words and phrases of the
series titles, or-
2. See TITLES AND SOURCES OF SERIES at the back of
the report where series are listed numerically according to
series numbers within each of the report's sections.
Table 1. Summary of Recent Data and Current Changes for Principal Indicators
Basic data1
Ssriss title
Timing
classification3
Unit
of
measure
Percent change
Average
1980
1981
IstQ
1982
2dQ
1982
3dQ
1982
Aug.
1982
Sept.
1982
Oct.
1982
Aug.
to
Sept.
1982
Sept.
to
Oct.
1982
IstQ
to
2dQ
1982
2dQ
to
3dQ
1982
3
1. CYCLICAL INDICATORS
A. Composite Indexes
910. Twelve leading indicators
920. Four coincident indicators
930. Six lagging indicators
Lg,Lg,Lg
1967=100 ..
do. ...
do. ...
131.2
140.3
176.8
133.1
141.3
187.8
125.4
134.9
183.3
127.5
134.1
184.1
130.3
131.6
176.5
129.7
131.5
174.9
131.1
130.7
172.1
131.4
129.4
166.6
1.1
-0.6
-1.6
0.2
-1.0
-3.2
1.7
-0.6
0.4
2.2
-1.9
-4.1
910
920
930
L,L,L
L,L,L
L,L,L
L LL
L,L,L
do.
do.
do.
do
do.
...
92.9
107.2
101.0
90.8
135.6
93.0
103.1
102.3
93.4
137.9
NA
98.7
96.5
89.0
136.5
NA
99.6
97.1
88.4
140.2
NA
99.8
99.3
NA
140.6
NA
98.5
99.3
88.9
141.0
NA
100.6
99.5
NA
141.1
NA
102.1
9 8 .8
NA
139.2
NA
2.1
0.2
NA
0.1
NA
1.5
-0.7
NA
-1.3
NA
0.9
0.6
-0.7
2.7
NA
0.2
2.3
NA
0.3
913
914
915
916
917
Marginal Employment Adjustments:
*1. Average workweek, prod, workers, mfg
L,L,L
21. Avg. weekly overtime, prod, workers, mfg.2 ..
L,C,L
2. Accession rate, per 100 employees, mfg.2 ....
L,L,L
*5. Avg. weekly initial claims (inverted4)
L,C,L
3. Layoff rate, per 100 employ., mfg. (inv.4)2 . . L,L,L
4. Quit rate, per 100 employees, mfg.2
L,Lg,U
Hours
do. ...
Percent
Thousands. .
Percent
do. ...
39.7
2.8
3.5
480
1.7
1.5
39.8
2.8
3.2
446
1.6
1.3
38.7
2.3
NA
548
NA
NA
39.1
2.4
NA
567
NA
NA
39.0
2.4
NA
594
NA
NA
39.0
2.4
NA
597
NA
NA
38.7
2.3
NA
671
NA
NA
38.7
2.2
NA
670
NA
NA
-0.8
-0.1
NA
-12.4
NA
NA
0.
-0.1
NA
0.1
NA
NA
1.0
0.1
NA
-3.5
NA
NA
-0.3
0.
NA
-4.8
NA
NA
Job Vacancies:
60. Ratio, help-wanted advertising to persons
unemployed2
46. Help-wanted advertising
Ratio
1967-100...
0.508
129
0.429
119
0.316
102
0.247
87
0.212
78
0.215
78
0.193
73
0.003 -0.069
4.1 -14.7
-0.035
-10.3
60
46
A.r., bil.hrs..
Thousands. .
do. ...
do. . . .
169.48
95,938
90,406
25,658
169.99
97,030
91,105
25,481
167.50
96,177
90,408
24,588
167.25
96,356
90,029
24,179
165.74
96,343
89,345
23,677
165.61
96,404
89,312
23,657
165.44
96,352
89,188
23,535
164.64
95,667
88,925
23,279
-0.9
0.
-0.8
-2.1
48
42
41
40
Percent
58.47
58.28
57.33
57.26
57.10
57.15
57.02
56.60
-0.13
-0.16
90
Thousands . .
Percent
do. ...
Weeks
Percent
7,637
7.1
3.9
11.9
1.7
8,273
7.6
3.4
13.7
2.1
9 , 5 7 6 10,428 10,952 10,805 11,260 11,551
8.8
9.5
9.9
9.8
10.4
10.1
4.1
4.6
4.7
4.6
5.0
5.3
16.1
13.8
15.1
16.2
16.6
17.2
2.5
3.0
3.3
3.3
3.8
3.5
-4.2
-0.3
-0.4
-2.5
-0.2
-2.6
-0.3
-0.3
-3.6
-0.3
-8.9
-0.7
-0.5
-9.4
-0.5
-5.0
-0.4
-0.1
-6.6
-0.3
37
43
45
91
44
1474.0 1502.6 1470.7 1478.4 1478.4
1205.7 1242.0 1241.6 1251.7 1250.9 1251.0 1249.0 1249.8
1039.9 1069.1 1066.3 1072.7 1067.4 1067.8 1065.4 1062.2
-0.2
-0.2
0.1
-0.3
0.5
0.8
0.6
0.
-0.1
-0.5
50
52
51
Leading Indicator Subgroups:
913. Marginal employment adjustments
914. Capital investment commitments
915 Inventory investment and purchasing
916. Profitability
917. Money and financial flows
L,L,L
c,c,c
...
...
...
B. Cyclical Indicators by Economic Process
B1. Employment and Unemployment
L,Lg,U
L,Lg,U
Comprehensive Employment:
48. Employee hours in nonagri. establishments . . . U,C,C
42. Persons engaged in nonagri. activities
U,C,C
*41. Employees on nonagri. payrolls
C,C,C
40. Employees in mfg., mining, construction . . . .
L,C,U
90. Ratio, civilian employment to total population of working age2
U,Lg,U
Comprehensive Unemployment:
37. Total unemployed (inverted4)
L,Lg,U
43. Unemployment rate, total (inverted 4 ) 2
L,Lg,U
45. Avg. weekly insured unemploy-rate (inv.4)2 . . L,Lg,U
*91. Avg. duration of unemployment (inverted4) . . Lg,Lg,Lg
44. Unemploy. rate, 1 5 weeks and over (inv.4)2 . . Lg.Lg.Lg
0.196 -0.022
-6.4
76
-0.1
-0.1
-0.1
-0.5
-0.5
-0.7
-0.3
-1.1
-0.42
-0.1
0.2
-0.4
-1.7
-0.07
1
21
2
5
3
4
B2. Production and Income
Comprehensive Output and Income:
50. GNP in 1972 dollars
52 Personal income in 1972 dollars
*51. Pers. income less transfer pay., 1972 dollars . .
53. Wages and salaries in mining, mfg., and construction 1972 dollars
C,C,C
C,C,C
C,C,C
A.r., bil.dol.
do. ...
do. . . .
c,c,c
do. ...
232.6
230.2
222.4
219.6
213.9
213.9
212.1
209.4
-0.8
-1.3
-1.3
-2.6
53
C,C,C
1967=100...
do. ...
do. ...
A.r., bil.dol.
147.0
136.7
161.2
667.9
151.0
140.5
164.8
689.5
141.8
128.2
156.7
661.8
139.4
126..1
155.5
663.2
138.2
124.8
156.4
660.5
138.4
124.9
156.8
137.4
123.5
156.8
136.3
121.5
156.5
-0.7
-1.1
0.
-0.8
-1.6
-0.2
-1.7
-1.6
-0.8
0.2
-0.9
-1.0
0.6
-0.4
47
73
74
49
L,C,U
Percent
do. . . .
do. ...
79.1
78
80.0
78.4
76
79.9
71.6
72
72.0
70.3
71
69.6
69.7
NA
68.2
-1.3
-1
-2.4
-0.6
NA
-1.4
82
83
84
L,L,L
L,L,L
L,L,L
L,L,L
L,Lg,U
L,L,L
Bil.dol
do. ...
do. . . .
do. ...
Bil.dol., EOP
Percent
79.07
76.41
83.24
75.48
74.23
72.98
73.27
69.67
38.18
37.41
33.40
32.80
32.01
31.48
29.91
31.53
33.32
33.12
29.44
29.92
29.99
29.63
29.66
27.10
-0.81
-0.14
1.51
-3.03
-3.38
-4.26
-3.30
-2.49
310.05 3 0 8 . 3 7 3 0 5 . 9 5 2 9 6 . 8 7 286.71 290.01 286.71 284.21
40
45
34
33
39
40
40
44
0.4
0.2
0.1
0.96
-1.1
0
-4.9
-5.1
-8.6
0.81
-0.9
4
-1.2
-1.8
1.6
-2.22
-3.0
-1
-1.7
-2.4
0.2
-0.35
-3.4
6
6
7
8
25
96
32
Consumption and Trade:
c,c,c
56 Manufacturing and trade sales
*57. Manufacturing and trade sales, 1972 dollars . . c,c,c
C,L,C
75. Industrial production, consumer goods
C LU
54 Sales of retail stores
U,L,U
59. Sales of retail stores, 1972 dollars
L.C.C
55 Personal consumption expend autos
58. Index of consumer sentiment (§)
L.L.L
Bil dol
do. ...
1967=100...
Mil dol
do. . . .
A.r., bil. dol.
I 01966=100
321.01
155.13
145.4
79,325
44,158
60.6
64.4
338.35
NA
149.39
NA
143.6
142.5
89,038 89,554
44,166 44,181
-0.3
-0.2
-0.6
0.6
0.5
NA
NA
-0.8
0.6
0.
-1.2
-1.5
0.8
-0.1
-1.3
2.8
0.8
56
57
75
54
59
55
58
NA
NA
12
13
Industrial Production:
*47. Industrial production, total
73 Industrial production durable mfrs
74. Industrial production, nondurable mfrs
49. Value of goods output, 1972 dollars
Capacity Utilization:
82. Capacity utilization rate, mfg., FRB 2
83 Capacity utilization rate mfg BEA 2
84. Capacity utilization rate, materials, FRB2
c,c,c
C,L,L
c,c,c
UC.U
B3. Consumption, Trade, Orders, and
Deliveries
Orders and Deliveries:
6. New orders, durable goods
7. New orders, durable goods, 1972 dollars
*8. New orders, cons, goods and mtls., 1972 dol. .
25. Chg. in unfilled orders, durable goods2
96 Mfrs ' unfilled orders durable goods5
. ..
*32 Vendor performance2 ©
350.52
156.79
147.9
86,566
44,910
67.2
70.7
339.09
150.16
141.0
86,660
43,776
68.0
66.5
345.02
152.61
143.5
89,059
44,786
67.8
66.2
340.80
150.34
144.6
88,995
44,196
69.7
66.7
339.46
149.70
144.4
88,502
43,943
65.4
69.3
73.4
6.0
5.9
1.7
1.6
1.8
2.8
2.3
-0.3
-0.5
113.5
121.1
NA
NA
1967=100...
Number. . . . 4 4 , 2 9 3 4 8 , 4 3 5 4 5 , 8 2 1 4 6 , 6 0 2
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
1.7
B4. Fixed Capital Investment
Formation of Business Enterprises:
*12 Net business formation
13. New business incorporations
L,L,L
L.L.L
Table 1. Summary of Recent Data and Current Changes for Principal Indicators—Continued
Basic data1
Series title
Timing
classification3
Unit
of
measure
Percent change
Aug.
to
Sept.
1982
Average
1980
1981
IstQ
1982
2dQ
1982
3<JQ
1982
Aug.
1982
Sept.
1982
Oct.
1982
Sept.
to
Oct.
1982
IstQ
to
2dQ
1982
2dQ
to
3dQ
1982
3
C
1
cX
I. CYCLICAL INDICATORS-Con.
B4. Fixed Capital Investment-Con.
Business Investment Commitments:
1 0. Contracts and orders, plant and equipment . . . L,L,L
*20. Contr. and orders, plant and equip.,
1972dol
L LL
24. New orders, cap. goods indus., nondefense . . .
L,L,L
27. New orders, capital goods industries, nondefense 1972 dollars
L LL
9. Construction contracts, commercial and industrial buildings floor space
L.C.U
11. New capital appropriations, mfg
U,Lg,U
97. Backlog of capital appropriations, mfg.5
C,Lg,Lg
Business Investment Expenditures:
61. Business expend., new plant and equipment ..
69. Machinery and equipment sales and business
construction expenditures
76. Industrial production, business equip
86. Nonresid. fixed investment, total, 1972 do). . .
Residential Construction Commitments and
Investment:
28. New private housing units started, total
*29. New building permits, private housing
89. Fixed investment, residential, 1972 dol
26.57
27.98
25.63
24.14
23.39
22.53
24.68
23.48
9.5
-4.9
-5.8
-3.1
10
do. ...
do. ...
14.33
23.45
14.09
24.04
12.73
21.82
12.17
20.74
11.39
19.83
11.08
18.89
12.30
20.27
11.97
20.22
11.0
7.3
-2.7
-0.2
-4.4
-4.9
-6.4
-4.4
20
24
do. ...
12.90
12.39
11.12
10.72
9.88
9.53
10.43
10.58
9.4
1.4
-3.6
-7.8
27
Mil. sq.ft. ..
Bil. dol
Bil. dol., EOF
77.81
25.90
90.73
77.72
26.42
92.74
61.52
25.77
91.11
59.01
19.33
82.82
56.96
18.71
73.82
61.12
53.34
54.75
-12.7
2.6
-4.1
-25.0
-9.1
-3.5
-3.2
-10.9
9
11
97
C,Lg,Lg A.r., bil. dol.
2 9 5 . 6 3 321.49 3 2 7 . 7 2 3 2 3 . 2 2 3 2 0 . 2 4
-1.4
-0.9
61
do. . . .
C.Lg.Lg
C,Lg,U 1967-100...
C,Lg,C A.r., bil. dol.
317.92 348.59 3 3 8 . 7 9 330.81 319.29 314.09 320.06
173.2
181.1
170.9
160.5
152.5
153.1 149.5
166.1
172.0
166.7
172.0
162.0
NA
146.0
1.9
-2.4
NA
-2.3
-2.4
-6.1
-3.1
-3.5
-5.0
-2.8
69
76
86
1,122
94.7
7.6
13.0
1.0
16.9
3.5
12.4
3.1
16.8
7.3
1.5
28
29
89
11.0
6.7
30
UL.L
L,L,L
L,L,L
Bil. dol
A.r., thous. .
1967=100...
A.r., bil. dol.
1,292
96.7
47.2
1,087
80.0
44.9
920
65.9
38.9
952
74.1
40.1
1,112
79.5
40.7
-5.0
9.0
-15.4
-4.4
2.3
3 . 4 2 -20.19 -15.61
-25.4
36.8
-0.3
-2.57
0.10
-2.68
-9.19
9.2
-1.68
1,033
71.7
1,111
81.0
B5. Inventories and Inventory Investment
Inventory Investment:
30. Chg. in business inventories, 1972 dol.2
*36. Change in inventories on hand and on order,
1972 dollars (smoothed6)2
31. Chg. in book value, mfg. and trade invent.2 ..
38. Chg. in mtl. stocks on hand and on order2 . . .
Inventories on Hand and on Order:
71. Mfg. and trade inventories, total 5
*70. Mfg. and trade invent., total, 1972 dol.5
65 Mfrs ' inventories of finished goods5
77. Ratio, inventories to sales, mfg. and trade,
constant dollars2
78. Materials and supplies, stocks on hand and on
order 5
. .
do. . . .
L.L.L
L,L,L
L,L,L
L,L,L
do. ...
do. ...
Bil. dol
Lg,Lg,Lg Bil. dol., EOP
do. ...
Lg.Lg.Lg
do. . . .
Lg,Lg,Lg
Lg.Lg.Lg Ratio
-5.42
8.6
-2.02
NA
NA
NA
3.88
-5.4
0.19
NA
NA
NA
4.58
25.1
-0.11
6.42
9.5
1.00
36
31
38
4 8 2 . 5 7 519.39 513.05 512.98 515.27 514.55 515.27
2 6 2 . 7 8 269.85 265.98 265.18 265.91 265.46 265.91
79.99
87.66
88.49
85.90
86.40
86.68
86.40
NA
NA
NA
0.1
0.2
-0.3
NA
NA
NA
0.
-0.3
-2.9
0.4
0.3
0.6
71
70
65
1.78
NA
0.01
NA
-0.04
0.03
77
207.39 202.36 204.38 202.36
NA
-1.0
NA
-3.7
-2.4
78
-9.10
38.4
0.77
1.70
L,Lg,Lg Bil. dot., EOP
1.70
1.78
221.89 223.13 215.42
1.74
1 .77
-9.30
14.0
-2.21
1.77
B6. Prices, Costs, and Profits
Sensitive Commodity Prices:
*92. Chg. in sensitive prices (smoothed6)2
23. Spot market prices, raw industrials @
UL.L
U.L.L
Percent
1967=100...
Stock Prices:
*19. Stock prices, 500 common stocks©
L,L,L
194143=10.
Profits and Profit Margins:
16. Corporate profits after taxes
18. Corp. prof its after taxes, 1972 dollars
79. Corp. profits after taxes with IVA and CCAdj . . .
80
do
in 1972 dol. . . .
15. Profits (after taxes) per dol. of sales, mfg.2 . . .
26. Ratio, price to unit labor cost, nonfarm bus
LL.L
L.L.L
L,C,L
L,C,L
L.L.L
L,L,L
A.r., bil. dol.
do. ...
do. ...
do. ...
Cents
1977=100...
157.8
86.1
97.0
53.3
4.8
96.5
150.9
76.2
109.4
55.5
4.8
98.0
115.0
56.3
100.4
49.2
4.0
96.7
116.3
56.2
100.1
48.5
3.6
96.5
L,L,L
LLL
A.r., bil. dol.
do
263.1
139.8
275.2
134.7
254.9
120.6
Lg,Lg,Lg
1977=100...
132.9
143.1
Lg.Lg.Lg Dollars
Lg,Lg,Lg 1967=100...
1.211
196.6
1.305
210.3
75.5
75.1
...
0.53
0.73
0.74
203.7
807.8
do. ...
6.561
1.357
0.59
239.0
0.58
235.5
-0.28
1.2
-0.01
-1.5
0.09
-6.9
1.61
-1.8
92
23
118.78 128.04 114.21 114.12 113.82 109.65 122.43
132.66
11.7
8.4
-0.1
-0.3
19
119.1
57.0
105.1
50.4
NA
97.0
1.1
-0.2
-0.3
-1.4
-0.4
-0.2
2.4
1.4
5.0
3.9
NA
0.5
16
18
79
80
15
26
263.5
123.3
272.3
127.8
3.4
2.2
3.3
3.6
34
35
150.9
152.9
153.6
1.3
0.5
63
1.376
226.6
1.388
230.0
1.392
229.7
0,9
1.5
0.3
-0.1
68
62
76.4
76.3
76.0
-0.1
-0.3
64
0.52
0.80
0.93
197.6
803.6
0.56
0.77
0.84
198.0
818.0
0.23
0.76
0.97
197.4
828.1
0.67
0.81
1.08
195.5
832.8
0.86
1.19
1.12
195.2
834.6
1.16
0.42
1.10
197.1
836.6
1.67
0.68
0.94
199.5
838.3
-0.33
-0.01
0.13
-0.3
1.2
0.44
0.05
0.11
-1.0
0.6
85
102
104
105
106
6.839
1.383
6.685
1.356
6.740
1.347
6.760
1.337
1.334
1.331
1.332 -0.003
0.055
0.001 -0.009
0.020
-0.010
107
108
-7.24
4.88
0.79
-10.27
41.82
13.10
-8.49
-26.46
-8.78
-13.3
33
112
113
110
1.49
298.0
1.27
283.4
-0.89
259.6
-0.80
241.7
0.81
237.4
0.87
236.2
Cash Flows:
35 Net cash flow corporate 1972 dollars
Unit Labor Costs and Labor Share:
63. Unit labor cost, private business sector
68. Labor cost (cur. dol.) per unit of gross
domestic product (1972), nonfin. corp
*62. Labor cost per unit of output, mfg
64. Compensation of employees as percent of
national income2
Lg.Lg.Lg Percent
229.6
229.3
229.0
-0.1
-0.1
B7. Money and Credit
Money:
85 Change in money supply (M1) 2
102. Change in money supply (M2) 2
*1Q4. Chg. in total liquid assets (smoothed6)2
105. Money supply (Ml), 1972 dollars
*106. Money supply (M2), 1972 dollars
L.L.L
L.C.U
L.L.L
L,L,L
L,L,L
Velocity of Money:
107. Ratio, GNP to money supply (M1)2
c,c,c
108. Ratio, pers. income to money supply (M2) 2 . . C,Lg,C
Credit
33
11 2
113.
1 10.
Flows:
Change in mortgage debt2
Change in business loans2
Change in consumer installment credit2
Total private borrowing
L.L.L
L L,L
L.L.L
L.L.L
Percent.
do.
do.
Bil dol
do.
. ..
...
...
Ratio
A.r., bil. dol.
do. ...
do. ...
do. ...
61.48
39.91
14.00
0.80
-7.69
17.21 19.40
38.04
45.22
18.76
2.63
20.87
6.03
15.69
6.91
317.92 319.58 2 6 7 . 0 0 298.10 2 5 8 . 5 0
NA
12.73
NA
0.30
-0.77
-0.02
1.0
0.2
0.51
0.26
-0.16
1.2
0.2
-3.03
NA
3 6 . 9 4 -29.09
12.31
NA
-13.20
7.18
9.66
11.6
Table 1. Summary of Recent Data and Current Changes for Principal Indicators —Continued
Basic data 1
Series title
Timing
classification3
Unit
of
measure
Percent change
Average
1980
1981
IstQ
1982
2dQ
1982
3dQ
1982
Aug.
1982
Sept.
1982
Aug.
to
Sept.
1982
Oct.
1982
Sept.
to
Oct.
1982
IstQ
to
2d Q
1982
2dQ
to
3d Q
1982
i
I. CYCLICAL INDICATORS-Con.
B7. Money and Credit— Con.
Credit Difficulties:
14. Liabilities of business failures (inv. 4 )®
39. Delinquency rate, instal. loans (inv. 4 ) 2 5 . . . .
L,L,L
L,L,L
Mil.dol
Percent, EOP
386.26
2.57
NA
2.24
NA
2.16
NA
2.19
NA
2.21
NA
2.19
NA
NA
NA
0.02
Bank Reserves:
93. Free reserves (inverted 4 ) 2 ®
94. Borrowing from the Federal Reserve 2 ®
L,U,U
L,Lg,U
Mil.dol
do. . . .
-1,141 -1,051 - 1 , 2 5 6
1,420
1,359
1,617
-982
1,297
-390
718
-199
510
-592
976
277
455
393
466
14.51
12.36
12.94
15.65
12.33
16.41
17.11
16.50
11.01
9.71
12.20
14.72
11.39
14.98
13.27
14.72
10.12
9.01
12.15
14.64
11.23
14.61
10.31
8.20
11.48
13.78
10.66
14.03
9.71
7.75
10.51
12.63
9.69
12.99
14.39
13.50
Lg,Lg,Lg Bil.dol., EOP
Lg,Lg,Lg Bit. dol
Lg,Lg,Lg Percent
Interest Rates:
119. Federal funds rate 2 ®
114. Treasury bill rate 2 ®
1 1 5. Treasury bond yields 2 ®
116. Corporate bond yields 2 ®
117 Municipal bond yields2®
118. Mortgage yields, residential 2 ®
67. Bank rates on short-term bus. loans2®
*109. Average prime rate charged by banks2®
Outstanding Debt:
66. Consumer installment credit 5
*72. Commercial and industrial loans outstanding,
weekly reporting large comm banks
"95 Ratio, consumer install, credit topers, income2 .
L,Lg,Lg Percent
do. . . .
C,Lg,Lg
do. . . .
C,Lg,Lg
Lg,Lg,Lg
do. . . .
do. . . .
U,Lg,Lg
do. . . .
Lg,Lg,Lg
do. . . .
Lg,Lg,Lg
do. . . .
Lg,Lg,Lg
NA
2.37
NA
0.08
NA
-0.03
14
39
-869
-521
-274
-320
-592
-579
93
94
0.19
-0.81
-0.67
-0.86
-0.57
-0.58
-0.60
-0.45
-0.97
-1.15
-0.97
-1.04
12.52
-0.89
-0.98
0.28
-0.53
-0.51
-0.49
-0.69
-0.55
-0.02
0.23
-3.50
-2.65
-0.74
-0.93
-0.94
-1.43
-3.84
-1.78
119
114
115
116
117
118
67
109
306.21 327.08 328.59 3 3 2 . 5 1 334.24 333.14 334.24
NA
0.3
NA
1.2
0.5
66
164.51 182.24 2 0 0 . 2 6 210.31 2 1 5 . 9 3 2 1 4 . 9 1 218.39
14.15
13.21
13.06
12.98
12.85
12.83
12.85
219.45
NA
1.6
0.02
0.5
NA
5.0
-0.08
2.7
-0.13
72
95
13.36
11.61
10.81
12.77
8.60
13.42
15.17
15.27
16.38
14.08
12.87
15.48
11.33
16.31
19.56
18.87
14.23
12.89
13.45
16.14
13.02
16.96
17.13
16.27
NA
NA
II. OTHER IMPORTANT ECONOMIC
MEASURES
B. Prices, Wages, and Productivity
B1. Price Movements
310.
320
320c.
322.
330.
331.
332.
333
334.
Implicit price deflator, GNP
Consumer prices (CPI) all items®
Change in CPI, all items, S/A2
CPI, food
Producer prices (PPI), all commodities®
PPI, crude materials
PPI, intermediate materials
PPI capital equipment
PPI, finished consumer goods
1972=100...
1967=100...
Percent
1967=100...
178.6
246.8
1.0
254.6
195.5
272.4
0.7
274.6
203.7
283.0
0.1
282.3
206.0
287.3
0.7
285.2
208.4
292.8
0.4
286.9
292.8
0.3
286.2
293.3
0.2
287.6
294.1
0.5
288.2
0.2
-0.1
0.5
0.3
0.3
0.2
1.1
1.5
0.6
1.0
1.2
1.9
-0.3
0.6
310
320
320
322
do.
do.
do.
do.
do.
...
...
...
...
...
268.8
304.6
280.3
.,239.8
248.9
293.4
329.0
306.0
264.3
271.3
298.3
317.1
311.1
275.1
278.0
298.6
324.8
308.9
277.8
278.0
300.2
320.9
310.8
282.1
282.3
300.4
321.9
310.7
283.1
283.0
299.5
317.0
310.8
282.1
282.7
299.9
314.7
310.3
282.7
284.2
-0.3
-1.5
0.
-0.4
-0.1
0.1
-0.7
-0.2
0.2
0.5
0.1
2.4
-0.7
1.0
0.
0.5
-1.2
0.6
1.5
1.5
330
331
332
333
334
1977 = 100...
127.3
138.9
145.1
147.4
149.6
149.9
150.0
150.6
0.1
0.4
1.6
1.5
340
93.5
130.6
96.1
98.9
92.6
143.2
95.4
100.7
93.0
150.1
96.1
100.0
93.5
152.3
96.4
100.3
93.1
154.7
96.1
101.4
93.2
93.2
93.0
0.
-0.2
0.5
1.5
0.3
0.3
-0.4
1.6
-0.3
1.1
341
345
346
370
0.3
-0.1
4.2
8.6
0.8
-0.7
-0.3
-0.6
2.6
2.8
3.6
0.2
1.0
0.2
8.9
11.0
9.4
3.2
0.5
0.
5.0
7.7
2.0
3.8
441
442
37
444
445
446
0.4
-0.2
0.3
-0.2
-0.3
-0.4
0.4
0.5
-0.1
0.
0.4
-0.2
451
452
453
1.2
1.1
-1.2
2.4
1.4
4.4
-0.6
4.1
-33.5
1.5
1.5
0.4
501
502
500
511
512
510
B2. Wages and Productivity
340. Average hourly earnings, production workers,
private nonfarm economy
341. Real average hourly earnings, production
workers, private nonfarm economy
345. Average hourly compensation, nonfarm bus. . .
346. Real avg. hourly comp., nonfarm business . . .
370. Output per hour, private business sector
do.
do.
do.
do.
...
...
. ..
...
C. Labor Force, Employment, and
Unemployment
441 .
442.
37
444.
445.
446.
Labor
451
452.
453
Total civilian labor force
Total civilian employment
Number of persons unemployed
Unemployed males, 20 years and over
Unemployed females, 20 years and over
Unemployed persons, 16-19 years of age
Millions
do. . . .
Thousands. .
do. . . .
do. . . .
do. . . .
Force Participation Rates:
Males, 20 years and over 2
Females, 20 years and over 2
Both sexes, 16-19 years of age2
Percent
do. . . .
do. . . .
79.4
51.3
56.7
A.r.,bil. dol.
do. . . .
do. . . .
do. . . .
do. . . .
do. . . .
540.7
602.1
-61.4
385.9
357.8
28.2
106.94 108.67 109.13 110.17 110.72 110.64 110.98 110.64
9 9 . 3 0 100.40
99.74
99.76
99.84
99.55
99.72
99.09
7,637
8,273
9 , 5 7 6 10,428 10,952 10,805 11,260 11,551
3,353
3,615
4,407
5,269
4,892
5,139
5,579
5,733
2,895
2,615
3,583
3,655
3,626
3,275
3,656
3,787
1,669
1,763
1,953
2,028
2,040
1,893
2,025
2,030
79.0
52.1
55.4
78.5
52.2
54.2
78.9
52.7
54.1
78.9
53.1
53.9
78.7
53.1
54.2
79.1
52.9
54.5
78.9
52.6
54.1
D. Government Activities
D1. Receipts and Expenditures
501.
502
500.
51 1.
512.
510.
Federal Government receipts
Federal Government expenditures
Federal Government surplus or deficit 2
State and local government receipts
State and local government expenditures . . . .
State and local govt. surplus or deficit 2 .
517
525
548.
564.
Defense Department obligations . . . .
Military prime contract awards
New orders, defense products
National defense purchases
628.2
609.9
617.0
613.4
688.2
736.6
728.3
766.5
.-60.0 -118.4 -119.6 -153.1
416.8
424.2
434.3
440.6
385.0
396.5
402.2
408.1
31.7
27.7
32.1
32.5
D2. Defense Indicators
Mil.dol
do. . . .
do. . . .
A.r.,bil.dol.
1 3 , 3 9 2 1 5 , 9 4 5 19,613 18,694 1 7 , 5 0 1 16,448 18,387
6,754
8 , 0 6 5 11,129 11,490
NA
8,928
NA
4,396
4,855
6,950
5,462
4,778
5,314
4,335
153.7
131.4
166.2
176.2
182.2
NA
NA
4,675
11.8
NA
-18.4
NA
NA
7.8
-4.7
3.2
-21.4
6.0
-6.4
NA
-12.5
3.4
517
525
548
564
Mil.dol.
do.
do.
do.
do.
do.
18,390 19,456 18,681 18,294 1 7 , 6 3 7 1 7 , 4 9 8 17,387
3,435
3,608
3,358
3,420
2,733
2,763
2,648
3,788
4,456
4,132
4,033
4,119
3,856
4,197
20,771 21,751 20,756 19,752 21,232 23,494 20,644
6,319
4,137
6,139
5,165
5,514
5,913
4,699
2,190
2,030
2,613
2,373
2,595
2,993
2,353
NA
NA
NA
NA
NA
NA
-0.6
-4.2
8.8
-12.1
-20.5
-21.4
NA
NA
NA
NA
NA
NA
-2.1
1.8
-2.4
-4.8
-19.9
10.1
-3.6
-20.1
2.1
7.5
33.3
-0.7
602
604
606
612
614
616
E. U.S. International Transactions
E1. Merchandise Trade
602.
604.
606.
612.
614.
616.
Exports, total except military aid
Exports of agricultural products
Exports of nonelectrical machinery
General imports, total
Imports of petroleum and products
Imports of automobiles and parts
...
...
...
...
...
...
Basic data 1
Unit
of
Series title
Percent change
IstQ
2d g
3rJ(J
4th 0
to
1982
1982
1982
IstQ
Average
2dQ
1981
measure
1979
1980
1981
3rJQ
1981
4th Q
1981
1982
1st Q
In
It Q
1982
2rJ Q
to
3dQ
1982
Series number
1
Table 1. Summary of Recent Data and Current Changes for Principal Indicators—Continued
II. OTHER IMPORTANT ECONOMIC
MEASURES-Con.
E2. Goods and Services Movements Except
Transfers Under Military Grants
618
620
622.
651 .
652.
668
669.
667.
Merchandise exports
Merchandise imports
Merchandise wade balance2
Income on U.S. investments abroad
Income on foreign investment in the U.S
Exports of goods and services . . .
Imports of goods and services
Balance on goods and services2
Mil. dol
do
do
do
do
do
do
do. . . . . . .
46,118
52,955
-6,836
16,033
8,229
71,694
70,420
56,059
62,394
-6,334
18,171
10,694
85,526
83,451
1,274
2,074
59,064
66,036
-6,972
21,486
13,227
93,223
90,454
60,284
66,831
-6,547
21,642
13,441
94,389
91,480
2, 170
2,909
57,694
65,539
-7,845
22,048
13,865
92,965
90,406
2,559
57,593
66,778
-9,185
21,727
13,198
92,259
91,316
1510.4
2980.9
1493.9
2060.0
1048.8
6,563
4,557
1490.1
3003.2
1485.3
2101.4
1051.9
6,458
4,559
1470.7
2995.5
1486.1
2117.1
1046.9
6,360
4,527
1478.4
3045.2
1482.7
2151.5
1054.8
6,380
4,552
1478.4
3080.7
1476.0
2201.7
1060.9
6,364
4,566
-1.3
-0.3
0.1
0.7
-0.5
-1.5
-0.7
951.4
142.2
943.4
949.1
137.5
955.0
957.7
138.3
136.5
0.6
2.5
-0.2
0.7
1.9
3.6
0.3
2.7
943
55,780
61,653
-5,873
20,890
14,029
90,206
87,070
3,136
5 5 , 0 9 4 51,770
60,878 6 4 , 8 9 5
- 5 , 7 8 4 -13,125
22,709
NA
15,036
NA
91,286
NA
87,492
NA
3,794
NA
-1.2
-6.0
-1.3
6.6
89 - 7 , 3 4 1
8.7
NA
7.2
NA
1.2
NA
0.5
NA
658
NA
618
620
622
651
652
668
669
667
0.
1.2
-0.5
2.3
0.6
-0.3
0.3
50
200
213
224
225
217
227
0.3
-1.3
0.4
0.7
2.0
-0.2
1. 7
2.9
231
233
238
239
230
232
236
237
3.5
-1.9
11.0
4.0
-0.6
19 .4
1 .3
-2.0
6.7
2.3
-2.1
19 . 1
241
243
30
240
242
245
-0.7
-1.4
-0.2
0.6
-0.3
1 .3
-1.3
-3.6
0.1
0.1
-2.2
1 .6
1 .6
4.4
-0.1
2 .9
5.0
1.6
261
263
267
260
262
266
-3.3
-4.7
0.4
-2.2
-4.6
7.8
1.8
3.5
-1.2
1.6
0.7
3.6
-5.1
1.9
-10.0
-5.1
4.0
-32.2
256
257
255
252
253
250
-0.3
1.0
-6.2
-14.6
0.9
3.7
1.2
1.1
0.8
-1.1
0.9
3.4
1.3
0.9
0.9
6.8
1 .2
1.2
220
280
282
286
284
288
3.0
-3.0
2.6
1. 1
7.Q
3.7
-33.1
3.2
0.1
0.3
290
295
292
298
293
-3.1
-7.7
3,312
-3.9
6.3
-2.2
-4.6
2,193
A. National Income and Product
A1. GNPand Personal Income
50.
200.
213
224.
225.
217.
227.
GNP in 1972 dollars
GNP in current dollars
Final sales 1972 dollars
Disposable personal income, current dollars ...
Disposable personal income, 1972 dollars
Per capita GNP in 1972 dollars
Per capita disposable pers. income. 1972 dol. . .
A.r., bil. dol,
do
do
do
do
A.r., dollars
do
1479.4
2417.8
1472.2
5.650.2
1015.7
6,572
1474.0
2633.1
1479.0
1824.1
1018.0
6,475
4,512
4,472
1502.6
2937.7
1493.7
2029.1
1043.1
6,537
4,538
1502.2
2901.8
1490.1
1996.5
1036.6
6,544
4,516
0.5
1.7
-0.2
1.6
0.8
0.3
0.6
A2. Personal Consumption Expenditures
231.
233.
238
239.
230.
232.
236
237
Total, 1972 dollars
Durable goods, 1972 dollars
Nondurable goods 1972 dollars
Services, 1972 dollars
Total, current dollars
Durable goods, current dollars
Nondurable goods current dollars
Services current dollars
A.r., bil. dol
do
do
do
do
do
do
do
927.6
930.5
947.6
944.6
147.2
353.1
137.1
140.0
138.6
134.1
355.8
362.4
361.7
363.0
363.1
362.2
364.5
365 .8
427.3
437.6
445.2
444.3
446.2
446.2
449.5
452.2
455.4
1 5 0 7 . 2 1667.2 1843.2 1819.4 1868.8 1884.5 1919.4 1947.8 1987.5
213.4
234.6
214.3
230.4
241.2
229.6
237.9
240.7
240.1
600.0
670.4
734.5
729.6
741 .3
746.5
749 . 1 755 .0
767 . 9
693.7
782.5
874.1 8 5 9 . 4
886.3
908.3
932.4
952.1 979.5
0.6
0.6
0.6
0.6
1.5
1.2
0.8
2.1
A3. Gross Private Domestic Investment
241.
243.
30.
240.
242.
245
do
do
do
do
do
do
Total, 1972 dollars
Total fixed investment, 1972 dollars
Change in business inventories, 1972 do!.2 . . . .
Total, current dollars
Total fixed investment, current dollars
Chg in bus inventories current dol 2
236.3
208.4
225.8
229.5
233.4
229.1
7.3
213.3
-5.0
217.4
12.1
216.9
16.5
218.9
214.1
4.8
423.0
408.8
402.3
216.9
9.0
471.5
451.1
20.5
475.5
450.9
486.0
454.2
468.9
455.7
24.6
31 .8
13.2
283.9
286.4
107.0
176.9
583 .2
218.2
110.7
175.7
291.3
116.0
175.3
600.2
230.0
365.0
370.1
626.3
250.5
375.7
14.3
412.4
-10.0
do
do
do
do
do
do
278.3
284.6
102.1
176.2
106.5
178.1
do
do
do
do
do
do
146.2
109.0
37.2
281 .4
268.1
13.2
195.4
210.8
-15.4
414.8
202.3
206.7
205.0
202.6
-4.4
431 .5
2.3
441 .3
450.4
447.7
438.4
-35.6
-16.2
289.2
285.3
2.9
-10.7
-1 .5
-20.2
-11.5
-1.2
-48 .8
A4. Government Purchases
of Goods and Services
261.
263.
267.
260
262
266.
Total, 1972 dollars
Federal Government, 1972 dollars
State and local governments, 1972 dollars
Total current dollars
Federal Government, current dollars
State and local governments, current dollars . . .
256.
257.
255.
252.
253.
250.
Exports of goods and services, 1972 dollars ...
Imports of goods and services, 1972 dollars . . .
Net exports of goods and serv., 1972 dol.2 . . . .
Exports of goods and services, current dol
Imports of goods and services, current dol
Net exports of goods and serv., current dol. 2 ..
287.1
110.4
176.7
290.0
114.4
110.3
174.9
175.0
630 . 1 6 3 0 . 9
115.1
174.9
649 . 2
249.7
380.4
244.3
386.6
256.4
392.7
474.4
538.4
168.3
197.2
341 .2
596.9
228.9
368.0
159.2
108.6
50.6
158.5
116.4
42.0
159.7
115.5
44.2
157.8
118.7
39.2
156.9
120.4
36.5
151.7
114.7
36.9
154.4
118.7
35.7
146.6
120.9
25.7
339.2
367.3
368.9
367.2
314.0
25.2
341.3
26.1
345.1
23.7
341.3
25.9
367.9
344.4
359.9
328.6
365.8
330.9
347.0
344.2
23.5
31.3
34.9
2.7
306.0
A5. Foreign Trade
A6. National Income and Its Components
220.
280.
282.
286.
284.
288.
do
do
do
do
do
do
National income
Compensation of employees
Proprietors' income with IVA end CMdj
Corporate profits with IVA and CCAdj
Rental income of persons with CCAdj
Net interest
1966.7 2117.1 2 3 5 2 . 5 2 3 2 4 . 4 2 3 8 7 . 3 2 4 0 4 . 5 2 3 9 6 . 9 2 4 2 5 . 2 2 4 5 7 . 6
L 4 5 8 . 1 1598.6 1767.6 1750.0 1789.1 1813.4 1830.8 1850.7 1868.2
132.1
194.8
27.9
153.8
116.3
181.6
32.9
187.7
422.7
310.6
96 . 7
14.3
5.9
124.7
190.6
33.9
127.5
193 .1
33.6
124.1
183.9
33.6
116.4
157.1
33.9
117.3
155.4
34.2
118.3
165.9
34.6
235.7
123.8
185.1
34.0
231.6
244.0
249.5
258.7
267.5
270.6
406.2
477.5
482.4
490.0
476.3
428.8
332.1
106 . 2
-33.2
5.8
374 . 5 367 .0
130 . 2 122.0
-28.2
-7.6
6.4
6.1
-10.0
441 .5
428.2
384 . 6 394 . 5
-2 . 3
144 . 3 154.4
-12.3
- 8 7 . 5 -120.6
-18.2
6.7
7.0
-0.9
A7. Saving
290.
295
292
298.
293.
Gross saving (private and govt.)
Business saving
Personal saving
Government surplus or deficit 2
Personal saving rate 2
do
do
do
do
Percent
379 . 1 389 . 1 380 . 3
134.4
1 58 , 6 139.1
-24.5
-72.5
-90.7
6.5
7.5
6.6
NOTE: Series are seasonally adjusted except lor those indicated by®, 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. N A = 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.
1
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.
s
End-oS-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.
CYCLICAL INDICATORS
COMPOSITE INDEXES AND THEIR COMPONENTS
Chart Al. Composite Indexes
Wve leading indicators
, 8,12,19, 20, 29, 32, 36, 92,1
20. Index of four roughly coincident
(series 41, 47, 51, 57)
5! 52 53 54 55 56 57 58 59 60 6! 62 63 64 65 66 67 68 69 70 7] 72 73 74 75 76 77 78 79 80 81 821983
NOTE: Numbers entered on the chart indicate length of leads (-) and lags ( + ) in months from reference turning dates.
Current data for these series are shown on page 60.
10
NOVEMBER 1982
ItCII
CYCLICAL INDICATORS
A I
.— "
COMPOSITE INDEXES AND THEIR COMPONENTS—Continued
..I
Chart Al. Composite Indexes—Continued
916. Profitability (series 19, 26,
ows (series 104, ID6,110)
—-1
194849 50 51 52 b3 54 55 56 57 58 ')9 60 61 62 63 64 65 66 S7 68 69 70 71 72 73 74 75 76 /7 78 79 80 81 821983
NOTE: Numbers entered on the chart indicate length of leads ( — ) and lags I +) in months from reference turning dates.
Current data for these series are shown on page 60.
KCII
NOVEMBER
1982
11
CYCLICAL INDICATORS
A
I
COMPOSITE INDEXES AND THEIR COMPONENTS—Continued
Chart A2. Leading Index Components
forkweeHpwJuction workers,
"ring (I*)
initial Haimc State
—inverted scale)
ids and materials, 1972 dollars
performance, percent of
ver«s (percent)
et business formation (index: 1967:
ders nrBpit and equipment,
ll
194849 50 51 52 53 54 55 56 57 58 59 SO 61 62 63 64 65 66 67 68 69 70 71 ,'2 73 74 75 76 77 78 79 80 81 821983
Current data for these series are shown on pages 61, 64, 65, and 66.
12
NOVEMBER 1982
ltd*
CYCLICAL INDICATORS
COMPOSITE INDEXES AND THEIR COMPONENTS—Continued
Chart A2. Leading Index Components—Continued
29. New building permits, private housing units (index: 1967=100)
36. Net change in inventories on hand and on order, 1972 dollars, smoothed1 (ann. rate, bM. dol.)
92. Change in sensitive crude materials prices, smoothed1 (percent)
104,, Change in total liquid assets, smoothed1 (percent) | L,L,L
'This is a weighted 4-term moving average (with weights 1,2,2,1) placed on the terminal month of the span.
Current data for these series are shown on pages 67, 68, 69, and 71.
NOVEMBER 1982
ItCII
13
CYCLICAL INDICATORS
A I
COMPOSITE INDEXES AND THEIR COMPONENTS—Continued
Chart A3. Coincident Index Components
9590-
80-
Employees on nonagricuKural payrolls (iflUjons)
1200 •
51. Personal mew* less transM
1972 doHars (inn. rate, bl.
110-
57. Manufacturing and tra*
1972 dollars (bil.
*
194849 50 51 52 b" i 3 5r; "^-
•'
Current data for these series are shown on pages 62, 63, and 65.
14
NOVEMBER 1982
CYCLICAL INDICATORS
A
COMPOSITE INDEXES AND THEIR COMPONENTS—Continued
Chart A4. Lagging Index Components
91. Average duration of unemployment (weeks—inverted scale)
•'
•
-
~
70. Manufacturing ad trade inventories, 1972 dollars (bl.m)
62. Labor cost per unitM output, manufacturing (index: 1967MOO)
109. Average pitne rate charged by banks (percent)
72. CommeKiil and intotrial loans outstanding, weekly ., ,
reDortinllarge con||rcial banks (bi. doi.)
^ >>
95. Ratio, consumer instalment
/8 79 80 81 82 1983
Current data for these series are shown on pages 62, 68, 70, and 73.
NOVEMBER 1982
15
CYCLICAL INDICATORS
B I
CYCLICAL INDICATORS BY ECONOMIC PROCESS
Chart Bl. Employment and Unemployment
I Marginal Employment Adjustments |
1. Average workweek, production workers, manufacturing (hours)
21. Average weekly overtime hours, prodttrtton workers, manufacturing (hours)
A.
2. Accession rate, dpwfacturing (per Ifltt employees)
ki"
5. Average weekly initial claims, State unemployment insurance (thousands—inverted scale)
3. Layoff rate, manufacturing (per lO&wiptoyees—inverted scale) [TJJ1
4. Quit rate, manufacturing (MjQlOO employees)
"
Current data for these series are shown on page 61.
16
NOVEMBER 1982
BCII
CYCLICAL INDICATORS
B I
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
Chart Bl. Employment and Unemployment—Continued
tio, help-wanted advertising to number
persons unempJortd (ratio)
46. Help-wanted advertising (index: 1867=100)
LHu
hensive EnHpentl
48. Employee-hours m
(am. rate, bil.
42. Persons engaged
payrolls (mWions)
40. Employees m
73
79
30
81
fa2 19R?
Current data for these series are shown on pages 61 and 62.
ItCII
NOVEMBER 1982
17
CYCLICAL INDICATORS
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
Chart Bl. Employment and Unemployment—Continued
ICotofehensive Employment—Con
MS
T?v
, civHan employment to total population of worHnf afe (percent) .-
hensiveUn
P0Pentl
37. Number unemployed, total (mMons-kwerted scale)
43. Unemployment rate, total (percent—inverted scale)
ulu
45. Average weekly insured unemployment rate (percent—inverted scale)
91. Average duration of unemptowMnt (weeks—inverted scale)
44. Unemployment rate, persons unemployed 15 weeks and over
1956
'~:7
58
!i9
50
hi
>>:•
—inverted scale)
i
Current data for these Hriet are shown on page 62.
18
NOVEMBER 1982
BCD
CYCLICAL INDICATORS
B I
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
Chart B2. Production and Income
|Coin|hensive Ouffitt and Income |
50. GNP in 1972 dolars, Q (ami. rate, bi. «.)
52. Personal income in 1972 dolars (am. rate, M. do),)
51. Personal income less transfer payments in 1972 dollars
(ann. rate, bil. dot.)
53. Wages and salaries in mining, manufacturing, and
construction in 1972 dolars (ann. rate, M. dol.)
-
8'
82 19H3
Current data for these series are shown on page 63.
BCII
NOVEMBER
1982
19
CYCLICAL INDICATORS
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
Chart B2. Production and Income—Continued
[industrial Production]
47. Industrial production, total (index: 1967=100)
fcZcl
74. Industrial production, nondurable manufactures
(index: 1967=100) fell
u \
no
/
750-
^ 1 1 . Industrial production,
(index: 1967=100) I_,_,J
700-
^^
650600-
yW*W.
jr
/^
550-
^
_^_^- 19/2 dollari, "
r^^rWue oHooas oiplli
(ann. rate, ULM.)
[CMJ
500-
,
450-
?"
V
400-
;:
1RA.
[Capacity Utilization|
83. Rate of capacity utNization, manufacture!! (BEA), Q (percent)
Bi
82 1983
Current data for these series are shown on pages 63 and 64.
20
NOVEMBER 1982
ItCII
CYCLICAL INDICATORS
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
Chart B3. Consumption, Trade, Orders, and Deliveries
6. Ne* orders, durable
8. New orders for conswSS: goods
in 1972 dollars (bit.
25. Change in unfilled orders,
(by. dot.; MCD moving av
96. Manufacturers' unfilled orders, duraols foods industries
(bil.
32. Vendor performance, percam of companies '
receiving slower defiveri*fl$ercent)
.»,>«
Lll
1956
57
58
59
60
11
6>
70
11
,'8
79
80
81
82 1983
Current data for these series are shown on page 64.
BCD
NOVEMBER 1982
21
CYCLICAL INDICATORS
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
Chart B3. Consumption, Trade, Orders, and Deliveries—Continued
340-
300-
260-
180-
56. Manufacturing and trade sales in current doiars—.
(bil. dol.)
140-
57. Manufacturing and trade sales
in 1972 dollars (bl. dol.)
100J
75. Industrial production, consumer goods
^•^v^
a
-= -V
|ioj
^r
54. Sales of retail stores in current dollars (M. *).)50-
40-J
59. SaleTlHrre!aTsforesTfri572
7060"
50-
58. Index of consumer sentiment (lit Q 1966=100)
9(18070-
Current data for these series are shown on page 65.
22
NOVEMBER 1982
BCII
CYCLICAL INDICATORS
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
Chart B4. Fixed Capital Investment
12. Net business formation (index: 1967=100)
13. New business incorporations (thousands)
20. Contracts and orders for plant and equipment
in 1972 dollars (bl. dol.) , \
10. Contracts and orders for plant and equipment
in current dollars (bit. dol,)
Manufact
nondefen
•new orders, capital foods industries,
4972 dollars (bil. dol.)
Manufacturers' new orderl, capital goods industries,
Construction contracts, commercial and industrial buldbns ' '
ftt
Cl
'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.
IICII
NOVEMBER
1982
23
CYCLICAL INDICATORS
B I
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
Chart B4. Fixed Capital Investment—Continued
f r j l- • - . . - • _
SCommitments—ConT|
iBuitiss Investm
97. Backlog of capital appropriation!, manufacturing, Q
dol.)
11. New capital appropriations, manufacturing,
Q(bN.doi.) nr
61. Business expenditures for new plant and equipment, Q
(ann. rate, bil.
. Machinery and equipment sales tnd business
J^
construction expenditures (anryge, bi. dol.)./
76. Industrial production, business equipment
(index: 1967=100)
'
~
1956
57
58
b3
n^
,
C-:.
':-"
•"•..
Current data for these series are shown on pages 66 and 67.
24
NOVEMBER 1982
IICII
CYCLICAL INDICATORS
B I
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
Chart B4. Fixed Capital Investment—Continued
I Business Investment Expenditures—Con. |
Nomsidential fixed investment in 1972 dollars, Q (ann. rate, bil. dol.)
86. Total, Q
60 -
| Residential Construction Commitments and Investment]
28. New private housing units started, total (ann. rat*, iriMons)
XI
29. New building permits, private housing units (index: 1967=100)
89. Residential fixed investment, total, in 1972 dollars, Q
(ann. rate, bil. dol.)
Current data for these series are shown on page 67.
BCD
NOVEMBER 1982
25
CYCLICAL INDICATORS
B I
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
Chart B5. Inventories and Inventory Investment
[inventory Investment |
30. Change in business inventories, 1972 dollars, Q
36. Net change in inventories on hand and on1
(ann. rate, bil. dol.; moving avg.—4-term )
31. Change in book value, manufacturing and trade inventories
(ann. rate, bil. dol.; MCD moving avg.-6-term)T"
38. Change in stocks of materials and supplies on hind and on order,
manufacturing (bil. do).; MCD moving avg.—4-term) rrrf
'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
NOVEMBER 1982
BCII
CYCLICAL INDICATORS
B I
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
Chart B5. Inventories and Inventory Investment—Continued
71. Book value, manufacturing
current dobrt (bl. do).)
and trade inventories, 1972 dollars (bil. dol.)
65. Book value of manufacturers' inventories
of finished goods (ML idol.)
77. Ratio, deflated inventories to sales, manufacturing and trade
(ratio)
78. Stocks of materials and supplies on, hawl^lon order.
manufacturing (bil. dol.)
Current data for these series are shown on page 68.
ltd*
NOVEMBER 1982
27
CYCLICAL INDICATORS
B I
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
Chart B6. Prices, Costs, and Profits
92. Chance in sensitive crude
(percent; moving avg.—4-t
340300"
260220-
23. Spot market prices, raw industrials2 (inder.
s
180140-
140120100-
19. Stock prices, 500 common stocks (index: 1941-43=* 10)
200180-
L
160140-
16. Corporate profits after taxes,
(ann. rate, hi. dol.)
and Profit Sfersins
120100-
ate profits after taxes, 1972 dollars, Q
rate, oil. dol.) X
60-"
120100-
80. Corporate profits after tatts with IVA and
1972 dollars, Q (ann. rate, fail, dol.)
40-
79. Corporate profits after taxes with WA and CCAdj,
current dollars, Q (ann. rate, bl, dol.) ,
C.L
1956
57
58
59
60
61
62
79
80
8.1
32
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.
28
NOVEMBER 1982
KCII
CYCLICAL INDICATORS
B I
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
Chart B6. Prices, Costs, and Profits—Continued
22. Ratio, corporate
income, Q (p
corporate domestic
(after taxes) with inventory valuation
adjustments to total corporate domestic
•*> ran
15. Profits (after taxes) per dollar of sgHaH manufacturing, cotMrations, Q (cents)
26. Ratio, price to unit labor cost, nonf
35. Net cash flow, corporate, m 197
(ann. rate, oil. dol.)
|L,L,Ll >
34. Net cash flow, corporate, in current dollars, Q
(ann. rate, bil. M,f * [["["[
1956
57
58
59
60
61
62
63
6-1
t
Current data for these series are shown on pages 69 and 70.
NOVEMBER 1982
29
CYCLICAL INDICATORS
B I
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
Chart B6. Prices, Costs, and Profits—Continued
63. Unit labor cost, private business
(index: 1977=100)
Labor cost (current dollars) per unit of gross
(1972 dollars), nonfinancial corporations, Q (
62. Labor cost per unit of output, manuf
54. Compensation of employees as a percent of
Q (percent)
1956 57
58
59
60
61
62
63
64
65
66
6?
5C
69
/O
71
72
73
74
75
76
77
78
79
80
81
82
1983
Current data for these series are shown on page 70.
30
NOVEMBER 1982
ItCII
CYCLICAL INDICATORS
B I
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
Chart B7. Money and Credit
;e in money supply Ml
ent; MCD moving avg.—6-term)
Change in money supply M2
(percent; MCD moving avg.—6-term)
Change in total liquid assets (percent; moving
•
L
Money supply-Ml-in 1972 dolars (ML doi)
L
106. Money supply-M2-in 1972
L
107. Ratio, GNP to My
supply Ml, Q
108. Ratio, pe
Cle.C
1956 57
58
59
60
61
62
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.
ItCIt
NOVEMBER 1982
31
CYCLICAL INDICATORS
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
Chart B7. Money and Credit—Continued
33. Change in mortgage debt (am.
112. Change in bank loans to businesses (arm. riMfil. do).; —:
MCD moving avg.-6-term)
113. Change hi consumer instalment credit (armjJIp, bil. dol.)
110. Total private borrowing, Q (
L
J
1956
57
58
59
60
61
62
&3
Current data for these series are shown on pages 71 and 72.
32
NOVEMBER 1982
KCII
CYCLICAL INDICATORS
B
I
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
Chart B7. Money and Credit—Continued
| Crejt Difficulties]
14. Current
inverted sea
business failur«
D moving avg.
39. Delinquency rate, 30 days and overj|||umer installment
(percent—inverted scale)
fSLT
93. Free reserves (bil.
94. Member bank borrowi
the Federal Reserve (
77
78
79
80
81
82 1983
Current data for these series are shown on page 72.
ItCII
NOVEMBER 1982
33
CYCLICAL INDICATORS
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
Chart B7. Money and Credit—Continued
20191817161514131211109-
161514131211-
116. Corporate bottjfolds (percent)
Lf,U.L|
109S18171615141312-
118. Secondary market B$ on FHftmorti
1110-
1956
57
58
59
60
61
62
63
64
65
66
67
69
&t
8
79
82
1983
NOVEMBER
1982
80
81
Current data for these series are shown on pages 72 and 73.
34
CYCLICAL INDICATORS
B I
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
Chart B7. Money and Credit—Continued
67. Bank rates on short-term business lo
66. Consumer instalment clHKbi.dol.)
72. CommeraaaB industrial loans
weekly repejMi targe
banks (id.
income (percent)
1956
57
58
59
60
61
62
63
64
6B
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 73.
IICII
NOVEMBER
1982
35
CYCLICAL INDICATORS
C
I
DIFFUSION INDEXES AND RATES OF CHANGE
Chart Cl. Diffusion Indexes
950. Twelve leading indicator components (6-mo. span—, 1-mo. span—)
100-.
50-
0-"
'
951. Four roughly coincident indicator components (6-mo. span—, 1-mo. span—)
100 n
88!.!
•WIFM
,.,,
so-
952. Six lagging indicator components (6-mo. span—, 1-mo. span—)
50-
, Average workweek, production workers, manufacturing— 20 industries (9-mo. span—, 1-mo. span100-
Initial claims, State unemployment insurance—51a»as (percent decliniifljij-nio. span—, 1-mo. span!00-
50-
P industries (6-nf
—, 1-mo. span—)
m
100-1
50-
1956
5?
58
59
c
hi
f.?
'
76
77
78
79
80
31
82 1983
Current data for these series are shown on page 74.
36
NOVEMBER 1982
KCII
CYCLICAL INDICATORS
C
I
DIFFUSION INDEXES AND RATES OF CHANGE—Continued
Chart Cl. Diffusion Indexes—Continued
New orders, durable goods industries—34-35
100-
50-
0-
avg.~, 1-Q span
. Newly approved capital appropriations, deflatedflv industries (4
9070-
flWuAA
5030-
966. Industrial production—24
100-
50-
0-
Spot market prices, raw industrials—13 mdustrMMenals (9-mo
100-
50-
0-
968. Slock prices, 500 common stocks—50-82
100-
50-
0-
960.
Net profits, manufacturing
90705030-
1956 57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
81
82
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.
NOVEMBER 1982
37
CYCLICAL INDICATORS
C I
DIFFUSION INDEXES AND RATES OF CHANGE—Continued
Chart Cl. Diffusion Indexes—Continued
expenditures for new pant and
-22 industries (1-Q span)
expenditures
-»-(b) Later anticipations
orders, manufacturing (4-rjipan)1
, manufacturing and trade (4-Q span)1
ales, manufacturing and trad* (4-0 span)1
1971
72
73
74
75
76
77
78
?9
00
81
82 !983
197!
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
NOVEMBER 1982
CYCLICAL INDICATORS
C |
DIFFUSION INDEXES AND RATES OF CHANGE—Continued
Chart C3. Rates of Change
910c. Composite index of twelve WHng indicators
(series 1, 5. 8,12,19, 20 M 32, 36, 92,104,
1-month spans
3-month spans—
+ 40+30-
-M- 40 -
920c. Composite index of four
(series 41, 47, 51, 57)
(30-
930c. Composite index of six
(series 62, 70, 72, 91,
-30-40-
50c. GNP hi constant (1972)
-5C-
47c. Index of mdustnal
-30J
48c. Employee-hours m nonagncultural
51c. Personal income less tranjJir
payments in 1972 dollars,,,, 1
S95S
57
58
5l)
t
.
:} ?
:,?
=,4
">''<
','•:.
.
il
F
'<
''
-'I
•?
'•''
i '"'••
?9
-;'~
81
02
1983
NOTE: Data for these percent changes are shown occasionally in appendix C. The "Alphabetical Index—Series Finding Guide" indicates the latest issue in which the data for each series were published.
ItClft
NOVEMBER 1982
39
OTHER IMPORTANT ECONOMIC MEASURES
A I
NATIONAL INCOME AND PRODUCT
Chart Al. GNP and Personal Income
200. GNP in current rioters, Q (ann. rate,
223. Personal income in current dollars
224. Disposable personal income in current
Q (ann. rate, bil. dol.)
SO. GNP in 1972 defers, Q (am. rate, bi dol.)
227. Per capita dispos
, q (inn, me, tnous. aw.)
1956
57
58
59
60
61
62
63
6
Current data for these series are shown on pages 63 and 80.
40
NOVEMBER 1982
ltd*
OTHER IMPORTANT ECONOMIC MEASURES
IA
I
NATIONAL INCOME AND PRODUCT—Continued
Chart A2. Personal Consumption Expenditures
1956
57
58
b
i '
t
•-./
t,.-
76
77
78
79
80
81
82
1983
Current data for these series are shown on pages 80 and 81.
ItCII
NOVEMBER
1982
41
OTHER IMPORTANT ECONOMIC MEASURES
NATIONAL INCOME AND PRODUCT—Continued
Chart A3. Gross Private Domestic Investment
1 Annual rate, billion dollars (||rent)1
s private domestic investment
2*fe' Total, Q—
-"-242. Total ftf«di iivestment, Q
245. Change in businws inventories, Q
Annual rate, billion doNars 0972) |
243. TataFfixed investment, Q
" f*'
i%
30. Change in bujfetss inventories, Q
LS56
r
i7
58
59
o
!
F?
Current data for these series are shown on page 81.
42
NOVEMBER 1982
ItCII
OTHER IMPORTANT ECONOMIC MEASURES
NATIONAL INCOME AND PRODUCT—Continued
Chart A4. Government Purchases of Goods and Services
1956
57
58
59
60
61
62
63
64
65
66
PI
82
1983
Current data for these series are shown on page 81.
BCII
NOVEMBER 1982
43
OTHER IMPORTANT ECONOMIC MEASURES
NATIONAL INCOME AND PRODUCT—Continued
Chart A5. Foreign Trade
250. Net exports llloods and service!
256. Exports of goanMd 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 82.
44
NOVEMBER
1982
OTHER IMPORTANT ECONOMIC MEASURES
A I
NATIONAL INCOME AND PRODUCT—Continued
Chart A6. National Income and Its Components
e profits with inventory valuation and c
income with inventory valuation and
consumption adjustments, 0
1956
57
58
59
60
61
62
63
(:'•>
70
73
'!"•
?5
77
78
79
80
81
82 1983
Current data for these series are shown on page 82.
KCII
NOVEMBER
1982
45
OTHER IMPORTANT ECONOMIC MEASURES
NATIONAL INCOME AND PRODUCT—Continued
Chart A7. Saving
290. Gross saving (private and go
1956
57
58
59
60
61
62
63
64
65
66
67
GB
69
70
71
72
73
74
75
76
77
78
79
80
81
82
1983
Current data for these series are shown on pages 82 and 83.
46
NOVEMBER 1982
BCII
OTHER IMPORTANT ECONOMIC MEASURES
NATIONAL INCOME AND PRODUCT—Continued
Chart A8. Shares of GNP and National Income
State ami (oca!
of goods and
purchases of nods and services, 0
248. Nonresidential fi«d i
247. Change in business inventories, Q
64. Compensation
til U«.»«^rf«.
win
inventory
adjustments, Q
l
nventory valuation and
Q
V
289. Net Merest,
income of persons with capital consumption adjustment, Q
1956
57
58
59
60
61
62
63
61
".
76
77
78
79
80
81
82 1983
Current data for these series are shown on page 83.
ltd)
NOVEMBER 1982
47
OTHER IMPORTANT ECONOMIC MEASURES
B I
PRICES, WAGES, AND PRODUCTIVITY
Chart Bl. Price Movements
334c. Finished consumer goob
1971
72
73
74
75
76
77
78
79
80
81
82
1983
1971 72
73
Current data for these series are shown on pages 84, 85, and 86.
48
NOVEMBER 1982
BCII
OTHER IMPORTANT ECONOMIC MEASURES
PRICES, WAGES, AND PRODUCTIVITY—Continued
Chart Bl. Price Movements—Continued
Chart B2. Wages and Productivity
341. Real average
workers, private
140. Average hourly earnings of production
private nonfarm economy (current dollars)1
346. Real average hourly
nonfarm business sector
seder, Q (current
1956
57
81
5R
82 1983
Adjusted for overtime (in manufacturing only) and interindustry employment shifts and seasonally.
Current data for these series are shown on pages 84, 67, and 86.
ItClft
NOVEMBER
1982
49
OTHER IMPORTANT ECONOMIC MEASURES
PRICES, WAGES, AND PRODUCTIVITY—Continued
Chart B2. Wages and Productivity—Continued
6-month spans (a*, fate)
\
*
earrints of production
economy1—
compensation, al employees,
tor, Q-
6-month spam (aim. rate)
Current-doHar compensation
. Real compensation
iated wageBj benefit decisions, al industriesFirst year average changes, Q (ann. rate)—
Average changes over life of
contract, Q (am. rate)
hour, al persons,
business sector, Q
370. Output
private
, al persons,
sector, 0
370c. Change in output per hour, private
1-quarter spans (ann. rate
1956 57
58
59
60
61
62
63
64
65
66
81
32 1933
'Adjusted for overtime (in manufacturing only) and interindustry employment shifts and seasonality. 'One-month percent changes have been multiplied by a constant (12) to make them
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.
50
NOVEMBER
1982
OTHER IMPORTANT ECONOMIC MEASURES
C I
LABOR FORCE, EMPLOYMENT, AND UNEMPLOYMENT
Chart Cl. Civilian Labor Force and Major Components
441. Civilian labor force, total (millions)
442. Total employed (millions)
Labor fofi participation rates (percent)—
451. Males 20 years and over
453. Both sexe* 16-19 years ot age
NumberIteraloyed (millions)37. Total unemployed
444. maies t\s years ana over
445. Females 20 years
and over
447. Number unemployed,
workers (millions)
ed part-tine for economic
1956
57
58
59
60
61
62
63
81
82 19S3
Current data for these series are shown on page 89.
ItCII
NOVEMBER 1982
51
OTHER IMPORTANT ECONOMIC MEASURES
GOVERNMENT ACTIVITIES
Chart Dl. Receipts and Expenditures
502. Federal Government exMMBires, 0
o-20-40-60-80-
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.
52
NOVEMBER
1982
OTHER IMPORTANT ECONOMIC MEASURES
GOVERNMENT ACTIVITIES—Continued
Chart 02. Defense Indicators
(Aug.MApr
P T
26 T
24«
22201816"
1412101614121086«
1301
12011610090"
8078605040"
11109«
87-
43"
1956
57
58
39
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.
BCD
NOVEMBER 1982
53
OTHER IMPORTANT ECONOMIC MEASURES
I DI
GOVERNMENT ACTIVITIES—Continued
Chart D2. Defense Indicators—Continued
1301201101009070-*
16141210-
6-J
1101009080706050-
561. Manufacturers' MBd orders, defe
40-
30-
18161412-
580. Defense D
assistance (bH.
10-
5.55.0454.035-
3.0-
2.52.01,51956
57
58
59
60
61
6;.:
65
64
(A
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.
54
NOVEMBER
1982
BCD
OTHER IMPORTANT ECONOMIC MEASURES
GOVERNMENT ACTIVITIES—Continued
Chart D2. Defense Indicators—Continued
iMeasures of Defense Activity—Con.
570. Employment in defenMunioducts industries
Defense Department
577. Military
Defense FHhases
564. Federal Government Mpiases of goods
defense, Q (ann.rate, Wtdol.)
565. National defense
1956
5;
5B
55
''
!
f-!.:
I
81
32
1983
Currant data for thase sarias ara shown on paga 91.
KCII
NOVEMBER 1982
55
OTHER IMPORTANT ECONOMIC MEASURES
U.S. INTERNATIONAL TRANSACTIONS
Chart El. Merchandise Trade
602. Exports, excluding mttary |» shipments
(bil. dol.; MCD moving avfS-l-term)
604. Exports of agrictel products,
total (M. doL) ?r\7
!•'
606. Exports of nonelectrical machinery (bl.
612. General imports (bil. dol.; MCD moving avg.«4|erm)
f
614. Imports of petroleum iand petroleum pnxtecU {bl. doL) A»
.> J
v
\
'
2Sfc ?
^ .
rfS4..
/ ' \A-^ '
616. Imports of automobiles
1956
57
58
59
60
6)
62
63
65
6fi
Current data for these series are shown on page 92.
56
NOVEMBER 1982
BCII
OTHER IMPORTANT ECONOMIC MEASURES
U.S. INTERNATIONAL TRANSACTIONS—Continued
Chart E2. Goods and Services Movements
Annual rate, billion
Excess it receipts
667. Balance on goods and service!, Q
-•669. Imports, 0
622. Merchandise trade balance, 0
— 620. Imports, Q
651. Income on U.S. investments abroad, Q
79
80
81
82 1983
NOTE: Annual totals are shown for the period prior to 1960.
Current data for these series are shown on page 93.
NOVEMBER 1982
57
OTHER IMPORTANT ECONOMIC MEASURES
F I
INTERNATIONAL COMPARISONS
Chart Fl. Industrial Production
| Index: 1967=1001
^ ITT
Industrial production—
280260240220200-
728. Japan-
180160-
721. OECD European countries
140120-
47. United States
100-
722. United Kingdom
60 J
J
• S(J'6
57
58
59
60
61
62
?
66
76
77
78
79
80
81
82 1983
Current data for these terias are shown on page 94.
58
NOVEMBER 1982
OTHER IMPORTANT ECONOMIC MEASURES
INTERNATIONAL COMPARISONS—Continued
Chart F2. Consumer Prices
Chart F3. Stock Prices
I Percent change at annual rate |
|6-month spans |
I Index: 1967-100 |
Stock prices—
Consumer prices—
19. United States
320c. United States
160140120-
s=6
..
10080-
60600500-
748. Japan
400-
300-
745. West Germany
735c. Kfest Germany
11
80 •*
73/c.
'\_r
40-
260-
. Canada
??0 -
743. Canada
180-
100J
1971
72
73
74
75
76
77
78
79
80
83
7
4
75
!'o
77
78
79
80
81
82
1983
Current data for these series are shown on pages 95 and 96.
ItCII
NOVEMBER 1982
59
CYCLICAL INDICATORS
A
I
COMPOSITE INDEXES AND THEIR COMPONENTS
j^H COMPOSITE INDEXES
Voar
tear
2nd
month
910. Index of
12 leading indicators (series
1, 5, 8, 12, 19,
20, 29, 32, 36,
92, 104, 106)
920. Index of
4 roughly
coincident indicators (series
41, 47, 51, 57)
930. Index of
6 lagging indicators (series
62, 70, 72,
91, 95, 109)
(1967 = 100)
(1967 = 100)
(1967 = 100)
940. Ratio,
coincident
index to
lagging index
(1967 = 100)
Leading indicator subgroups
913. Marginal
employment
adjustments
(series 1, 2, 3,
5)
914. Capital
investment
commitments
(series 12. 20,
29)
915. Inventory
investment
and purchasing
(series 8, 32, 36,
92)
(1967 = 100)
(1967 = 100)
(1967 = 100)
916. Profitability (series
19, 26, 80)
(1967 = 100)
917. Money
and financial
flows (series
104, 106, 110)
(1967 = 100)
(')
1980
January
February
March
134.7
134.1
131.5
146.1
145.2
143.5
178.4
180.8
190.0
81.9
80.3
75.5
96.3
96.4
94.5
111.6
109.9
107.8
102.7
102.1
101.6
90.9
91.6
89.6
137.2
138.7
136.4
April
May
June
126.2
123.0
123.9
140.5
138.0
136.7
196.2
183.5
168.5
71.6
75.2
81.1
90.3
88.3
89.6
104.3
103.2
104.5
100.3
98.8
97.7
88.7
88.5
89.7
131.8
126.4
128.9
July
August
September
128.1
130.7
134.4
136.5
136.7
138.1
163.6
161.7
164.2
83.4
0)84.5
84.1
91.7
92.2
92.9
106.1
107.0
0)108.8
98.5
99.5
101.5
90.6
91.3
91.5
133.5
137.4
139.0
October
November
December
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
107.3
108.2
108.3
103.1
103.4
103.2
91.8
92.2
93.0
139.4
139.9
138.8
135.2
134.2
135.8
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
102.1
103.1
103.7
93.9
94.4
(H) 94. 5
139.4
137.5
139.0
1)137.3
136.0
135.2
142.2
142.2
142.7
179.4
189.6
191.4
79.3
75.0
74.6
94.9
94.2
94.5
106.3
105.1
103.6
0)104.3
103.7
103.5
94.4
93.7
93.8
140.4
140.7
140.1
July
August
September
134.8
134.1
130.7
H>142.8
142.5
141.8
192.6
193.5
1)194.1
74.1
73.6
73.1
0)95.0
93.6
91.4
102.5
102.4
101.5
103.8
102.8
101.9
93.5
93.8
92.3
139.1
138.5
136.4
October
November
December
128.3
128.2
rlZ/.l
139.9
138.5
136.5
189.5
184.9
181.7
73.8
74.9
75.1
90.5
90.3
89.3
99.0
r99.7
99.3
100.6
99.6
98.7
92.3
92.4
91.6
135.0
134.4
r!34.7
2
134.1
135.7
135.0
182.3
184.0
183.7
73.6
73.8
73.5
(NA)
r98.9
98.0
r99.3
97.2
96.4
95.9
90.0
88.8
88.2
r!35.7
r!35.9
r!38.0
126.6
127.7
rl28.3
134.0
134.9
133.3
184.5
184.2
183.5
72.6
73.2
72.6
rlOO.2
99.4
r99.1
95.8
97.2
98.3
88.7
88 5
r88.1
r!39.9
r!40.8
r!39.8
rl30.0
3
129.7
3
131.1
132.6
rl31.5
130.7
r!82.4
r!74.9
172.1
72.7
r75.2
r75.9
100.2
r98.5
rlOO.6
99.1
r99.3
r99.5
r88.5
r88.9
(NA)
r!39.7
r!41.0
0>rl41.1
"131.4
=129.4
6
p77.7
plOZ.l
p98.8
1981
January
February
March
April
May
June
1982
January
February
March
April
May
June
July
August
September
October
November
December
125.7
125.2
V125.2
3
3
3
3
3
166.6
P139.2
NOTE: Series are seasonally adjusted except for those, indicated by ®, that appear to contain no seasonal movement. Current high values are indicated by 0); for series that move counter to movements
in general business activity, current low values are indicated by[R>. 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 10 and 11.
'See "New Features and Changes for This Issue" on page iii of the February 1982 issue.
^Excludes series 12, for which data are not available, and includes a substitute value for series 1. See "New Features and Changes for
This Issue" on page iii of the March 1982 issue.
3
Excludes series 12, for which data are not available. See "New Features and Changes for This Issue" on page iv of the July 1982 issue.
'Excludes series 12 and 36, for which data are not available.
5
Excludes series 57, for which data are not available.
'Excludes series 70 and 95, for which data are not available.
60
NOVEMBER 1982
ItO
CYCLICAL INDICATORS
B
I
CYCLICAL INDICATORS BY ECONOMIC PROCESS
MAJOR ECONOMIC
PROCESS
Q[ EMPLOYMENT AND UNEMPLOYMENT
Minor Economic
Process
Timing Class
Year
month
L, L, L
L, C, L
1. Average
workweek of
production
workers,
manufacturing
21. Average
weekly overtime
hours, production workers,
manufacturing
(Hours)
(Hours)
L, L, L
2. Accession
rate, manufacturing
L, C, L
5. Average
weekly initial
claims, State
unemployment
insurance '
(Per 100 em-
ployees)
(Thous.)
(2)
1980
Comprehensive
Employment
Job Vacancies
Marginal Employment Adjustments
L, L, L
3. Layoff rate,
manufacturing
L, Lg, U
4. Quit rate,
manufacturing
(Per 100 em-
(Per 100 em-
ployees)
ployees)
C2)
(2)
U, C, C
L, Lg, U
L, Lg, U
60. Ratio, helpwanted advertising to persons
unemployed
46. Index of
help-wanted
advertising
in newspapers
48. Employeehours in nonagricultural
establishments
(Ratio)
(1967 = 100)
(Ann. rate,
bil. hours)
January
February
March
40.3
40.0
39.8
3.1
2.9
3.1
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
171.55
171.45
170.58
April
May
June
39.8
39.4
39.2
3.0
2.6
2.4
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
169.68
168.95
168.24
July
August
September
39.2
39.4
39.6
2.5
2.7
2.8
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
167.36
168.22
168.95
October
November
December
39.6
39.8
40.0
2.8
3.0
3.0
0)3.7
447
422
420
1.5
1.3
1.2
1.3
1.4
1.5
0.466
0)0.495
0.490
127
3.6
3.5
169.31
169.19
170.24
39.7
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)171.34
170.20
170.77
April
May
June
40.1
40.2
40.1
3.0
0)3.1
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
169.57
170.80
170.70
July
August
September
40.0
39.9
39.4
3.0
3.0
2.7
3.4
3.2
2.9
[H)395
421
483
H>i.o
0)1.5
1.4
1.7
1.3
1.3
0.468
0.444
0.405
123
119
112
171.04
170.96
167.34
October
November
December
39.5
39.3
39.1
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
169.73
168.76
168.66
January
February
March
37.6
39.4
39.0
2.3
2.4
2.3
(NA)
563
514
566
0.339
0.320
0.290
106
103
96
165.66
168.93
167.92
April
May
June
39.0
39.1
39.2
2.4
2.3
2.4
566
585
551
0.254
0.245
0.243
88
87
85
167.23
167.99
166.52
July
August
September
39.2
39.0
r38.7
2.4
2.4
2.3
515
597
671
0.229
0.215
0.193
83
78
73
166.16
r!65.61
r!65.44
p38.7
p2.2
670
pO.196
p76
p!64.64
0)134
130-
1981
January
February
March
0)40.4
1982
October
November
December
(NA)
(NA)
See note on page 60.
Graphs of these series are shown on pages 12, 16, and 17.
*Data exclude Puerto Rico, which is included in figures published by the source agency.
See "New Features and Changes for This Issue" (item 2) on page iii of the February 1982 issue.
2
NOVEMBER 1982
61
CYCLICAL INDICATORS
B I
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
MAJOR ECONOMIC
PROCESS
^g EMPLOYMENT AND UNEMPLOYMENT-Continued
Minor Economic
Process
Timing Class
Year
and
month
Comprehensive Employment-Continued
Comprehensive Unemployment
U, C, C
C, C , C
L, C, U
U, Lg, U
42. Persons
engaged in nonagricultural
activities, labor
force survey
41. Employees
on nonagricultural payrolls,
establishment
survey
40. Employees
in goodsproducing industries (mining, mfg., construction)
90. Ratio,
civilian employment to total
population of
working age
(Thous.)
(Thous.)
(Thous.)
(Percent)
L, Lg, U
L, Lg, U
L, Lg; U
Lg, Lg, Lg
Lg, Lg, Lg
37. Number of
persons unemployed, labor
force survey
43. Unemployment rate,
total
45. Average
weekly insured unemployment rate,
State programs '
91. Average
duration of
unemployment
44. Unemployment rate,
persons unemployed 15
weeks and over
(Thous.)
(Percent)
(Percent)
(Weeks)
(Percent)
1980
January
February
March
96,506
96,521
96,205
90,801
90,846
90,929
26,489
26,377
26,285
59.20
59.17
58.91
6,660
6,635
6,714
6.3
6.2
6.3
3.3
3.2
3.4
10.5
10.6
11.0
1.3
1.3
1.4
April
May
June
95,832
95 552
95 ',483
90,723
90,308
89*,976
25,951
25,628
25',329
58.55
58 39
5S!20
7,370
6.9
8 , ncn
UD y
7/ . 0^
11.3
in
JLU .7
/
8,024
7.5
3.7
4 . 0C.
4.5
11.7
1.6
1 .6C
1.7
July
August
September
95,546
95,667
95,759
89,692
89,955
90,126
25,055
25,203
25,271
58.16
58.11
58.21
8,330
8,239
8,024
7.8
7.7
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
90,320
90,560
90,725
25,355
25,484
25,537
58.21
58.27
58.26
8,109
8,066
7,899
7.5
7.5
7.3
4.0
3.8
3.6
13.2
13.5
13.6
2.1
2.2
2.2
96,456
96,723
97,063
90,909
90,913
91,014
25,588
25,501
25,588
58.34
58.38
58.52
8,022
7,965
7,958
7.4
7.4
7.3
3.5
3.3
3.4
14.4
14.1
13.9
2.2
2.1
2.1
97,408
0)97,640
97,082
91,099
91,131
91,286
25,534
25,540
25,656
58.73
0)58.76
58.33
7,899
8,248
8,004
7.3
7.5
7.4
3.4
3.3
3.3
13.7
13.3
14.3
2.0
2.0
2.2
July
August
September
97,522
97,436
96,900
0)91,396
91,322
91,363
0)25,718
25,637
25,583
58.51
58.44
58.03
0)7,824
7,978
8,236
0)7.2
7.3
7.6
0)3.1
3.2
3.3
14.1
14.3
13.7
2.0
0)2.0
2.1
October
November
December
96,965
96,800
96,404
91,224
90,996
90,642
25,393
25,176
24,908
58.01
57.85
57.47
8,669
9,100
9,571
8.0
8.3
8.8
3.5
3.9
4.1
13.6
13.1
2.1
2.2
2.2
January
February
March
96,170
96,217
96,144
90,460
90,459
90,304
24,684
24,631
24,450
57.40
57.35
57.23
9,298
9,575
9,854
8.5
8.8
9.0
4.0
4.0
4.3
13.5
14.1
13.9
2.2
2.5
2.7
April
May . . '
June
96,032
96,629
96,406
90,083
90,166
89,839
24,289
24,255
23,994
57.09
57.47
57.22
10,307
10,549
10,427
9.4
9.5
9.5
4.6
4.6
4.7
14.2
14.6
16.5
2.7
3.0
3.3
July
August
September
96,272
96,404
96,352
89,535
r89,312
r89,188
23,840
r23,657
r23,535
57.14
57.15
57.02
10,790
10,805
11,260
9.8
9.8
15.6
16.2
10.1
4.5
4.6
5.0
16.6
3.2
3.3
3.5
October
November
December
95,667
p88,925
p23,279
56.60
11,551
10.4
P5.3
17.2
3.8
1981
January
February
March
April
May
June
0)12.8
1982
See note on page 60.
Graphs of these series are shown on pages 14, 15, 17, and 18.
x
Data exclude Puerto Rico, which is included in figures published by the source agency.
62
NOVEMBER 1982
CYCLICAL INDICATORS
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
MAJOR ECONOMIC
PROCESS
£g| 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 1972 dollars
C,C, C
52. Constant
(1972) dollars
51. Personal
income, less
transfer payments, in 1972
dollars
(Ann. rate,
bil. dol.)
(Ann. rate,
bil. dol.)
53. Wages and
salaries in
mining, mfg.,
and construction in 1972
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 of
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 1972 dollars
(Ann. rate,
bil. dol.)
1980
January
February
March
1,494.9
2,076.6
2,084.5
2,099.2
1,215.8
1,206.3
1,201.6
1,055.3
1,048.2
1,044.1
241.1
240.2
237.3
153.0
152.8
152.1
144.8
144.4
143.5
166.0
165.8
164.3
682! 5
April
May
June
l,457!s
2,098.0
2,107.7
2,123.0
1,192.7
1,190.1
1,190.0
1,033.8
1,029.9
1,029.5
232.9
229.5
227.3
148.2
143.8
141.4
138.5
133.3
129.9
161.6
158.1
155.1
658 ! 2
July
August
September
1,463.8
2,162.5
2,183.3
2,210.0
1,204.7
1,204.2
1,208.3
1,030.9
1,032.5
1,035.1
226.9
229.9
230.6
140.3
142.2
144.4
128.7
129.9
132.1
154.6
157.6
161.0
659^5
October
November
December
l,479!i
2,236.8
2,260.2
2,283.0
1,214.3
1,217.8
1,222.2
1,041.7
1,046.7
1,051.3
231.1
232.2
232.3
146.6
149.2
150.4
135.7
139.2
140.3
162.1
163.0
165.0
67L6
January
February
March
1,507.8
2,308.1
2,330.1
2,351.7
1,227.1
1,232.2
1,234.5
1,056.2
1,061.9
1,064.0
[H)234.2
231.6
231.8
151.4
151.8
152.1
141.0
140.8
142.1
165.6
166.2
165.3
692^8
April
May
June
1,502.*2
2,364.5
2,379.1
2,398.4
1,234.7
1,234.0
1,239.5
1,064.5
1,065.0
1,069.4
231.5
231.6
232.3
151.9
152.7
152.9
142.5
143.5
143.2
165.9
166.4
165.8
689.8
July
August
September
E>1.5l6".4
2,436.3
2,459.6
2,478.6
1,248.1
1,253.6
1,253.1
1,071.8
[H>1,078.3
1,077.9
232.0
231.4
228.9
0)153.9
153.6
151.6
D143.6
143.4
140.9
167.1
0)167.3
165.9
D697'.2
October
November
December
1,490.1
2,487.2
2,499.0
2,497.6
1,251.1
1,250.1
1,245.7
1,076.5
1,074.3
1,069.3
228.1
226.0
223.1
149.1
146.3
143.4
137.8
134.4
131.3
162.8
160.3
157.4
678!6
January
February
March
1,47C)'.7
2,499.1
2,513.8
2,518.6
1,236.0
1,243.8
1,245.0
1,061.7
1,068.8
1,068.3
222.2
223.3
221.7
140.7
142.9
141.7
127.1
129.3
128.2
155.1
157.8
157.3
66i!s
April
May
June
1,478!4
2,535.5
2,556.2
2,566.3
1,249.6
0)1,256.7
1,248.8
1,070.3
1,077.4
1,070.3
220.9
220.3
217.5
140.2
139.2
138.7
126.7
126.1
125.5
156.1
155.0
155.3
663*. 2
rl,478.*4
r2,590.4
r2,595.8
r2,601.7
rl,252.6
1,251.0
rl, 249.0
rl, 069.0
rl,067.8
rl,065.4
215.7
213.9
212.1
138.8
r!38.4
r!37.4
125.9
r!24.9
r!23.5
r!55.7
r!56.8
r!56.8
r66C)".5
pi, 249. 8
pi, 062. 2
p209.4
p!36.3
P121.5
p!56.5
1981
1982
July
August
September
E)p2,620.8
October
November
December
See note on page 60.
Graphs of these series are shown on pages 14, 19, 20, and 40.
ItCII
NOVEMBER
1982
63
CYCLICAL INDICATORS
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
MAJOR ECONOMIC
PROCESS
Q| PRODUCTION AND INCOME-Continued
Qj CONSUMPTION, TRADE, ORDERS, AND DELIVERIES
Capacity Utilization
Orders and Deliveries
Minor Economic
Process
Timing Class
L, C, U
Year
and
month
83. Rate of
capacity
utilization,
manufacturing
(BEA)
(Percent)
82. Rate of
capacity
utilization,
manufacturing ,
(FRB)
(Percent)
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
L, L, L
L, Lg, U
L, L, L
8. New orders
for consumer
goods and
materials in
1972 dollars
25. Change in
unfilled orders,
durable goods
industries
96. Manufacturers' unfilled
orders, durable
goods industries
32. Vendor
performance,
companies receiving slower
deliveries ©
(Bil. dol.)
(Bil. dol.)
(Bil. dol.)
(Percent
reporting)
1980
January
February
March
"so
April
May
June
83^4
85l8
83.62
82.83
78.97
41.81
40.94
39.02
36.63
36.38
33.86
4.19
2.46
1.32
296.07
298.54
299.86
48
42
45
77*.9
78^8
74.64
69.47
71.29
36.79
34.12
34.68
31.24
30.28
30.18
-0.17
-3.14
-0.72
299.69
296.56
295.83
40
32
28
75*.9
75.*2
78.94
76.34
81.81
38.04
36.51
38.92
31.97
32.38
33.75
D3.91
1.37
2.75
299.75
301.12
303.86
32
34
39
79." i
8C)!i
83.08
82.89
84.98
39.08
38.84
39.47
34.78
34.48
33.96
1.63
1.19
3.37
305.49
306.68
310.05
44
45
47
E)79!9
[H)82.'2
82.53
82.70
83.86
38.23
38.15
38.49
33.05
34.38
33.92
1.10
0.52
0.35
311.15
311.67
312.02
46
50
52
79!8
81.*2
86.41
87.40
86.91
39.33
E>39.51
39.06
34.59
0)35.09
35.02
1.62
1.96
0.02
313.64
315.60
315.62
79*. 3
si.'i
0)87.58
84.82
84.46
39.15
37.73
37.42
34.65
33.12
32.81
1.84
-0.40
-0.22
0)317.46
317.06
316-.84
46
48
43
74.*8
75!2
77.19
78.59
76.42
34.02
34.44
33.43
30.72
30.03
30.01
-4.07
-1.69
-2.71
312.77
311.08
308.37
38
32
30
7l'.6
72.'fj
75.06
76.31
77.86
32.79
33.40
34.01
28.78
29.28
30.25
-0.49
-1.67
-0.26
307.88
306.21
305.95
32
36
35
70."3
69*.6
76.19
75.71
74.55
33.27
32.87
r32.26
29.14
30.54
r30.07
-0.94
-3.81
-4.33
305.00
301.19
296.87
31
30
38
r69*.7
r68.2
76.45
r72.98
r73.27
33.02
r31.48
r31.53
30.69
29.63
r29.66
-2.59
r-4.26
r-3.30
294.27
r290.01
r286.71
37
40
40
P69.67
p29.91
P27.10
p-2.49
p284.21
44
*76
July
August
September
*76
October
November
December
"78
1981
January
February
March
..
"78
April
May
June
E>78
July
August
September
October
November
December
"76
*72
0)56
52
48
1982
January
February
March
April
May
June
July
August
September
*72
p7i
(NA)
October
November
December
See note on page 60.
Graphs of these series are shown on pages 12, 20, and 21.
64
NOVEMBER
1982
CYCLICAL INDICATORS
B I
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
MAJOR ECONOMIC
PROCESS
Minor Economic
Process
C, C . C
C, C, C
Manufacturing and trade sales
56. Current
dollars
(Mil. dot.)
57. Constant
(1972) dollars
C, I, C
75. Index of industrial production, consumer
goods
(Mil. dol.)
(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
Timing Class
Year
and
month
H
Qj CONSUMPTION, TRADE, ORDERS, AND DELIVERIES-Contmued
59. Constant
(1972) dollars
(Mil. dol.)
1C, C
55. Personal
consumption
expenditures,
automobiles
(Ann. rate,
bil. dol.)
L, L, L
58. Index of
consumer,
sentiment (u)
(IstQ
1966 = 100)
L, L, L
12. Index of
net business
formation
(1967 = 100)
L, L, L
13. Number of
new business
incorporations
(Number)
1
C)
1980
January
February
March
316,565
317,513
313,589
161,059
159,585
155,497
147.9
148.2
148.0
78,409
77,951
76,898
45,746
45,058
43,917
68!6
67.0
66.9
56.5
131.0
129.8
125.8
44,230
44,175
43,359
April
May
June
307,644
306,516
307,113
152,220
150,095
150,639
145.2
142.1
141.8
76,543
76,730
77,616
43,416
43,326
43,531
5CL9
52.7
51.7
58.7
120.5
117.8
114.8
42,240
42,710
40,648
July
August
September
316,518
319,783
328,922
153,118
151,327
155,068
142.1
142.9
144.5
79,114
79,393
80,026
44,173
43,815
43,706
58.*9
62.3
67.3
73.7
115.3
117.7
120.6
43,621
44,255
45,746
October
November
December
336,198
339,269
342,509
157,438
157,324
158,171
146.3
148.1
147.1
81,325
82,249
82,855
44,222
44,459
44,522
64*. 7
75.0
76.7
64.5
119.-6
119.2
B>121.3
45,945
46,750
47,840
347,858
348,653
350,281
158,662
E>159,555
159,019
146.9
147.8
148.3
84,104
85,201
86,128
44,903
45,199
45,426
E>7i.'6
71.4
66.9
66.5
118.1
117.1
117.7
46,039
48,588
47,972
352,855
353,698
0)356,524
159,036
157,783
159,201
148.9
150.7
150.3
86,263
86,361
87,299
45,259
45,074
45,421
63.0
72.4
76.3
73.1
118.0
115.4
114.6
49,413
48,997
49,172
July
August
September
355,236
354,520
353,725
158,268
156,707
156,711
E>150.7
149.6
147.8
87,292
87,961
87,823
45,135
45,317
44,945
ii'.'s
74.1
E>77.2
73.1
113.1
113.6
111.5
r49,038
48,631
48,450
October
November
December
346,605
344,943
341,330
152,649
152,494
151,360
146.5
144.0
142.0
86,413
86,733
86,572
44,088
44,161
43,990
62.8
70.3
62.5
64.3
107.6
r!08.8
106.2
47,947
E>49,413
47,556
January
February
March
334,579
340,571
342,121
147,362
151,304
151,814
139.6
141.8
141.5
85,320
87,418
87,242
43,026
44,173
44,128
68.0
71.0
66.5
62.0
April
May
June
339,835
349,096
346,126
150,549
154,914
152,371
142.1
143.6
144.8
88,294
E>90,841
88,042
44,638
E>45,764
43,955
67.'8
65.5
67.5
65.7
46,876
46,995
45,936
344,603
r339,464
p338,350
151,927
r!49,699
p!49,390
r!45.8
144.4
r!43.6
89,445
r88,502
r89,038
44,478
r43,943
r44,166
r69.7
65.4
65.4
69.3
44,525
(NA)
p!42.5
p89,554
p44,181
1981
January
February
March
April
May
June
1982
July
August
September
(NA)
October
November
December
(NA)
See note on page 60.
Graphs of these series are shown on pages 12, 14, 22, and 23.
^ee "New Features and Changes for This Issue,
ItO
NOVEMBER 1982
(NA)
43,330
47,234
46,899
73.4
on page iv of the July 1982 issue.
65
CYCLICAL INDICATORS
B I
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
MAJOR ECONOMIC
PROCESS
Q| FIXED CAPITAL INVESTMENT-Continued
Minor Economic
Process
Timing Class
Business Investment Commitments
L, L, L
L, L, L
Contracts and orders for plant
and equipment
Year
and
month
10. Current
dollars
(BH. dol.)
20. Constant
(1972) dollars
(Bil. dol.)
L, L, L
Value of manufacturers' new orders,
capital goods industries, nondefense
24. Current
dollars
(Bil. dol.)
L, C, U
L, L, L
9. Construction contracts for commercial and industrial buildings '
27. Constant
(1972) dollars
Square feet of
floor space
(Bil. dol.)
(Millions)
Square meters of
floor space 2
(Millions)
U, Lg, U
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
28.47
25.74
26.24
16.20
13.68
14.00
25.43
23.18
23.36
14.74
12.48
12.65
99.43
82.08
78.31
9.24
7.63
7.27
27! 50
April
May
June
26.23
23.46
25.34
13.89
12.64
13.96
23.74
21.15
22.21
12.74
11.57
12.54
72.76
67.35
71.59
6.76
6.26
6.65
25*81
July
August
September
27.09
26.52
26.75
15.20
14.04
14.41
24.28
22.19
23.59
13.93
12.09
12.98
74.62
71.41
64.15
6.93
6.63
5.96
24 ".12
October
November
December
26.74
27.61
28.70
13.94
14.32
0)15.66
23.31
23.70
25.22
12.40
12.58
0)14.12
73.46
0)90.80
87.75
0)8.44
29.13
25.57
28.17
15.10
12.69
14.17
25.06
21.86
24.46
13.32
11.06
12.56
83.72
83.86
83.79
7.78
7.79
7.78
27.*70
0)30.61
28.07
28.70
15.19
14.09
14.16
1)25.69
24.49
24.04
13.05
12.53
12.14
79.64
84.75
81.01
7.40
7.87
7.53
0)28.06
28.25
27.86
28.00
13.49
14.12
14.32
24.66
24.87
24.31
11.94
12.83
12.75
73.46
78.67
68.12
6.82
7.31
6.33
26*94
r26.94
27.71
26.81
r!3.58
14.23
13.97
22.53
24.37
22.13
11.68
12.80
11.98
74.26
70.77
70.65
6.90
6.57
6.56
22 .*99
January
February
March
26.32
24.90
25.67
13.27
11.95
12.98
21.72
21.56
22.17
11.32
10.54
11.49
56.29
65.10
63.17
5.23
6.05
5.87
25*77
April
May
June
25.69
22.95
23.78
13.84
11.40
11.27
22.61
20.33
19.28
12.54
10.28
57.32
51.70
68.02
5.33
4.80
6.32
r!9.33
July
August
September
22.97
r22.53
r24.68
10.80
rll.08
r!2.30
20.32
r!8.89
r20.27
r9.53
rlO.43
56.41
61.12
53.34
5.24
5.68
4.96
pis*7i
October
November
December
p23.48
pll.97
P20.22
plO.58
54.75
5.09
82.36
86 .'38
88*12
6.82
26." 15
90*73
8.15
1981
January
February
March
April
May
June
July
August
September
October
November
December
93.44
96*18
0)97.34
92*74
1982
9.35
9.68
91.11
r82.*82
p73.'82
See note on page 60.
Graphs of these series are shown on pages 12, 23, and 24.
l
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.
2
Converted to metric units by the Bureau of Economic Analysis.
66
NOVEMBER 1982
CYCLICAL INDICATORS
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
MAJOR ECONOMIC
PROCESS
Q| FIXED CAPITAL INVESTMENT-Continued
Minor Economic
Process
Timing Class
Year
and
month
Residential Construction
Commitments and Investment
Business Investment Expenditures
C, Lg, Lg
C, Lg, Lg
C, Lg, U
61. Business
expenditures
for new plant
and equipment,
total
69. Machinery
and equipment
sales and business
construction
expenditures
76. Index of
industrial production, business
equipment
(Ann. rate,
bit. dol.)
(Ann. rate,
bil. dol.)
(1967 = 100)
C, Lg, C
Lg, Lg, Lg
C, Lg, C
Nonresidentia 1 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
312.50
320.69
317.90
175.2
176.5
176.2
17K9
si!i
i2o!s
1,339
1,356
1,060
103.4
291 '.89
April
May
June
294.' 36
310.76
313.38
312.48
174.5
171.8
169.7
162.*4
48*.5
113.'9
1,030
939
1,196
65.3
69.5
90.3
July
August
September
296^23
315.98
306.42
324.35
169.5
171.1
170.7
163.*8
47!l
October
November
December
299! 58
326.37
325.84
328.40
171.9
173.9
177.1
166.'i
312.*24
332.78
331.57
344.52
177.7
177.5
179.3
316.*73
...
344.36
345.78
353.20
July
August
September
(H)328!25
October
November
December
96.8
79.8
53A
42!6
...
lie!/
1,273
1,418
1,463
101.7
110.4
D119.9
47^5
...
11B.9
1,504
1,539
1,457
110.3
111.7
100.9
169^7
49!s
126'. i
H>1,585
1,294
1,318
99.8
96.6
94.7
H>49'.6
181.0
182.0
183.6
176!i
5i!6
119!!
1,301
1,172
1,046
95.8
95.2
79.6
47!3
348.42
357.31
D360.38
D184.8
184.4
182.7
173.9
52.*5
H)12i!4
1,040
946
899
76.0
70.9
67.4
42.9
327^83
349.27
358.67
356.78
180.5
179.0
179.0
E>174'.2
53*.3
12CK9
854
860
882
59.6
60.0
64.4
39!9
January
February
March
330.07
342.57
343.*72
172.2
171.6
169.'o
64.9
172.0
53. 5
m . eJ
885
327.72
April
May
June
323.*22
325.51
335.59
331.34
164.9
159.9
156.7
166 ,*7
H>53.*7
July
August
September
a320.'24
323.71
r314.09
p320.06
r!54.9
r!53.1
r!49.5
r!62!o
r52!l
October
November
December
a324.*47
44*.6
49!5
1981
January
February
March
April
May
June
1982
(NA)
See note on page 60.
Graphs of these series are shown on pages 13, 24, and 25.
NOVEMBER 1982
p!46.0
QAZ
JT-J
C.A . nU
OH
931
68.7
113.0
882
1,066
908
71.0
76.3
75.0
4o!i
r!09.9
1,193
rl,033
rl.lll
85.8
71.7
81.0
r40.7
pi, 122
94.7
•30 Q
OO . ;?
CYCLICAL INDICATORS
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
MAJOR ECONOMIC
PROCESS
gj INVENTORIES AND INVENTORY INVESTMENT
Minor Economic
Process
Timing Class
Year
and
Inventories on Hand and on Order
Inventory Investment
L, L, L
L, L, L
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
31. Change
in book value
of mfg. and
trade inventories, total
38. Change
in stocks of
materials and
supplies on
hand and on
order, mfg.
Monthly
data
Smoothed
data 1
month
(Ann. rate,
bil. dol.)
Lg. Lg, Lg
Lg- U- Lg
Manufacturing and trade
inventories
71. Current
dollars
70. Constant
(1972) dollars
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.)
(Ann. rate,
bil. dol.)
(Bil dol.)
-2.68
-12.36
-13.06
-10.27
56.5
51.5
49.8
2.76
2.86
1.52
448.84
453.13
457.28
264.08
263.78
263.95
74.00
75.02
76.31
1.64
1.65
1.70
215.40
218.26
219.78
(Ann. rate,
bil. dol.)
(Ann. rate,
bil. dol.)
(Bil dol.)
(Bil dol.)
1980
-11.29
-11.18
January
February
March
-2.6
April
May
June
-2'.5
0.96
-15.94
-26.63
-6.34
-5.09
-9.88
76.3
26.8
17.6
-0.54
-1.97
-1.55
463.64
465.88
467.34
265.69
265.61
264.67
77.76
78.84
79.14
1.75
1.77
1.76
219.24
217.27
215.72
July
August
September
-8.' 5
-10.99
-9.46
-0.65
-15.86
-16.77
-11.36
31.3
38.1
32.5
0)1.97
-0.18
0.85
469.95
473.12
475.83
264.36
263.66
263.62
79.84
80.14
79.90
1.73
1.74
1.70
217.69
217.51
218.36
October
November
December
-6\2
4.27
-7.32
-5.89
-4.49
-1.59
-2.11
33. 1
21.9
25.9
1.43
1.32
0.78
478.59
480.42
482.57
263.77
263.09
262.78
79.84
80.31
79.99
1.68
1.67
1.66
219.79
221.11
221.89
2A
-15.50
16.34
-5.47
-6.28
-5.63
-1.61
33.9
58.7
25.3
0.58
0.77
-0.34
485.40
490.29
492.40
262.33
263.33
263.10
79.42
80.55
82.36
1.65
1.65
1.65
222.47
223.24
222.90
12.1
0.32
0)17.44
17.27
1.09
3.91
7.89
21.3
43.6
44.6
1.31
1.64
0.55
494.18
497.81
501.53
263.41
264.70
265.92
82.10
83.55
84.00
1.66
1.68
1.67 '
224.21
225.85
226.40
5.15
4.84
14.14
0)12.48
11.19
8.56
38.6
0)64.3
63.0
1.88
-1.09
1.12
504.74
510.10
515.35
266.53
267.56
269.42
84.22
85.65
86.86
1.68
1.71
1.72
228.28
227.19
0)228.32
i'.s
-1.16
-2.51
-20.09
6.99
4.72
-2.22
34.7
40.0
-26.2
-2.71
-1.26
-1.22
518.24
0)521.57
519.39
270.47
0)271.17
269.85
88.05
0)88.50
87.66
1.77
1.78
1.78
225.61
224.35
223.13
-isii
-33.66
-25.61
-9.22
-13.34
-22.60
-24.64
-37.7
-28.2
-10.2
-2.96
-2.64
-2.11
516.26
513.91
513.05
267.69
266.45
265.98
86.84
87.90
88.49
0)1.82
1.76
1.75
220.17
217.53
215.42
April
May
June
-4.4
-6.66
-28.09
r-6.92
-18.33
-14.24
r-14.27
24.2
-54.7
29.6
-1.67
-2.33
-4.04
515.07
510.52
512.98
266.54
264.54
265.18
87.39
86.56
85.90
1.77
1.71
1.74
213.75
211.42
207.39
July
August
September
p2'.3
r-0.37
r-13.16
pi. 48
r-12.84
r-9.30
p-5.42
4.9
r!4.0
p8.6
-0.80
r-2.21
p-2.02
513.39
r514.55
p515.27
265.57
r265.46
p265.91
86.61
r86.68
86.40
1.75
rl.77
pi. 78
206.59
r204.38
p202.36
(NA)
(NA)
(NA)
(NA)
(NA)
1981
January
February
March
April
May
June
July
August
September
October
November
December
Die! 5
1982
January
February
March
October
November
December
(NA)
(NA)
(NA)
(NA)
See note on page 60.
Graphs of these series are shown on pages 13, 15, 26, and 27.
lf
This series is a weighted 4-term moving average (with weights 1,2,2,1) placed on the terminal month of the span.
NOVEMBER 1982
CYCLICAL INDICATORS
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
MAJOR ECONOMIC
PROCESS
Q| PRICES, COSTS, AND PROFITS
Minor Economic
Process
Timing Class
L, L, L
U, L, L
23. Index of
spot market
prices, raw
industrials 3 ®
92. Change in sensitive crude
materials prices
Year
and
month
Stock
Prices
Sensitive Commodity Prices
Smoothed
data 2
Monthly
data
(Percent)
(Percent)
L, L, L
19. Index of
stock prices,
500 common
stocks (u)
(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 »
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
172^9
97.0
ioo!6
56.*7
10.8
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
144*. 3
79.4
98!9
54!s
8.9
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
155!9
D84i2
95'.6
52!6
9J
October
November
December
2.46
2.31
1.45
2.24
2.29
2.18
300.8
0)304.7
298.4
130.22
E)135.65
133.48
158! 1
83^7
93.*4
49.*8
M)9'.9
2.74
ED6.64
-0.62
2.12
2.89
0)3.26
291.6
284.2
289.8
132.97
128.40
133.19
[H}16i!6
84!6
108.8
D56*.8
9\8
1.71
2.25
0.23
2.75
1.84
1.26
293.0
288.9
282.9
134.43
131.73
132.28
146 ! 2
74 '.2
105.9
54.'i
8.8
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
150.' 8
75.*4
110.*7
55.*6
8.8
October
November
December
-1.09
-0.51
0.16
-0.05
-0.29
-0.38
277.2
270.5
264.2
119.80
122.92
123.79
144! 9
7L2
B>112!3
55 .'5
8.1
January
February
March
-1.13
-2.09
-2.21
-0.49
-0.76
-1.42
263.4
261.0
254.5
117.28
114.50
110.84
115.6
56.'3
100.'4
49.*2
6.*7
April
May
June
-0.42
1.77
rO.78
-1.69
-0.93
rO.21
247.4
245.5
232.2
116.31
116.35
109.70
116.*3
56.*2
lOO.'i
48.*5
6.7
July
August
September
rl.07
-0.26
1.14
0.96
rO.87
rO.59
237.0
236.2
239.0
109.38
109.65
122.43
P119.1
p57.0
p!05.1
p50.4
p6.9
October
November
December
0.66
0.58
235.5
"231.2
January
February
March
1981
January
February
March
April
May
June
1982
5
132.66
140.65
See note on page 60.
Graphs of these series are shown on pages 13, 28, and 29.
2
^VA, inventory valuation adjustment; CCAdj, capital consumption adjustment.
This series is a weighted 4-term moving average (with
3
weights 1,2,2,1) placed on the terminal month of the span.
Beginning with data for June 1981, this series is based on copyrighted data
used by permission; it may not be reproduced without written permission from Commodity Research Bureau, Inc. ''Average for November 1
5
through 23, excluding weekends.
Average for November 3, 10, and 17.
IM]II NOVEMBER 1982
69
CYCLICAL INDICATORS
B
I
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
MAJOR ECONOMIC
PROCESS
Minor Economic
Process
Timing Class
Year
and
month
JJ PRICES, COSTS, AND PROFITS-Continued
Cash Flows
Profits and Profit Margins— Continued
U, L, L
81. Ratio,
profits (after
taxes) with IVA
and CCAdj to
corp. domestic
income '
(Percent)
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
Net cash flow, corporate
34. Current
dollars
(Ann. rate,
bil. dol.)
35. Constant
(1972) dollars
(Ann. rate,
bil. dol.)
Lg, Lg, Lg
Lg, Lg, Lg
63. Index of
unit labor cost,
private business
sector
68. Labor cost
per unit of real
gross domestic
product, nonfinancial
corporations
(1977 = 100)
(Dollars)
Lg, Lg, Lg
62. Index of
labor cost per
unit of output,
manufacturing
(1967 = 100)
Lg, Lg, Lg
64. Compensation of employees as a percent
of national
income
(Percent)
1980
January
February
March
s.'i
s.'e
96*. 7
272!5
149.' 7
127*.6
1.168
183.7
186.2
188.2
74*.8
April
May
June
5.*3
i.'i
96 '.6
247.' 5
132.6
132 '.3
1.208
191.7
196.6
201.0
76.0
July
August
September
5A
i'.e
96.*4
262 '.8
137^8
134 '.7
1.224
203.1
203.7
202.2
75!e
October
November
December
s'.i
4^8
97'.6
269!7
139.1
137*.6
1.245
201.1
200.9
201.1
75.*6
January
February
March
6!6
H>5!6
0>98!2
[H>279.'6
Dl4i.'2
139*.6
1.267
202.6
203.6
204.4
74^9
April
May
June
6.0
4.*9
97*. 9
267.'7
132 .'6
14l!5
1.289
206.1
207.4
208.9
75.3
July
August
September
E>6'.i
4.*8
98*. 1
276!5
133*.9
144 '.2
1.315
208.9
209.9
212.6
74.9
October
November
December
sis
4.' 3
97 '.7
277!5
isiis
147*.9
1.349
216.6
219.9
222.5
75.4
January
February
March
5.7
4.'6
96 '.7
254 .*9
12CK6
150.9
1.376
227.9
226.0
225.8
E>76!4
April
May
June
5.6
p3.6
96.5
263.5
123^3
152.9
1.388
228.0
230.7
D231.3
76*3
p5*.9
(NA)
r97!6
p272.3
p!27*.8
H)pl.392
r230.2
r229.6
r229.3
p76'.0
1981
1982
July
August
September
October
November
December
0)rl53'.6
p229.0
See note on page 60.
Graphs of these series are shown on pages 15, 29, and 30.
^VA, inventory valuation adjustment; CCAdj, capital consumption adjustment.
70
NOVEMBER 1982
CYCLICAL INDICATORS
B
I
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
MAJOR ECONOMIC
PROCESS
[Q MONEY AND CREDIT
Minor Economic
Process
Money
Timing Class
L, L, L
85. Change in
money supply
Year
and
month
(Ml)
L, L, L
L, C, U
102. Change
in money
supply (M2)
(Percent)
(Percent)
L, L, L
104. Change in t otal liquid assets
Smoothed
data 1
Monthly
data
(Percent)
Credit Flows
Velocity of Money
(Percent)
L, L, L
105. Money
supply (Ml)
in 1972
dollars
106. Money
supply (M2)
in 1972
dollars
(Bil. dol.)
(Bil. dol.)
C, C, C
107. Ratio,
gross national
product to
money supply
(Ml)
C, Lg, C
108. Ratio,
personal income
to money supply
(M2)
(Ratio)
(Ratio)
L, L, L
33. Net change
in mortgage debt
held by financial
institutions and
life insurance
companies
(Ann. rate,
bit. dol.)
1980
January
February
March
April
May
June
0.75
0.82
0.00
0.65
0.86
0.52
0.87
1.00
0.75
-1.32
-0.23
1.21
-0.28
0.82
l'.23
0.64
0.81
209.9
209.0
206.2
818.6
815.6
808.9
6.538
0.44
0.83
o'.SO
0.80
0.70
201.6
1iqqyy .o, o
199.7
799.3
7QP,
/ yo .°c.
800.1
Doo
6 . coo
0^63
£.UI
°m. /7
01 n o
olu. c.
203.9
204.7
814.6
812.0
0)204.9
203.6
200.2
808.8
807.7
800.0
0.47
1.358
1.352
1.354
1.357
95.30
67.63
79.57
54.13
OO
/I O
L. O . "tC.
1.346
14.26
1 ^R^
K349
1.356
62.92
6.588
1.364
1.365
1.378
0)82.61
73.37
65.39
July
August
September
1.09
1.78
1.38
1 34
L24
0.68
0.83
0.57
0. 66
0.78
0.86
October
November
December
1.17
0.48
-0.72
0.68
0.96
0.01
0.69
1.15
0.76
0.85
0.82
0.84
0.82
0.36
1.19
0.57
0.75
0)1.36
1.13
0.87
0.82
0.94
0.97
0.93
200.3
199.1
200.4
798.4
796.8
803.1
6.811
1.386
1.389
1.383
r55.82
r60.60
r46.93
April
0)2.10
May
-0.95
-0.19
1.30
0.53
0.49
0.72
1.12
0.95
0.87
0.84
0.91
203.7
200.2
198.4
810.1
808.1
806.1
6.744
1.372
1.373
1.378
r54.62
r42.05
r47.48
July
August
September
0.23
0.40
0.02
0.74
1.07
0.33
0.95
1.16
0.68
0.97
1.01
0.98
196.6
195.8
193.7
802.8
804.9
798.9
0)6.923
1.389
1.388
0)1.394
r60.85
r34.20
r26.76
October
November
December
0.39
0.81
1.03
0.63
1.14
0.71
0.88
1.13
0.51
0.92
0.90
0.87
193.7
194.2
195.5
800.5
805.6
808.1
6.877
1.390
1.381
1.370
r22.79
r21.66
January
February
March
1.75
-0.29
0.22
1.02
0.36
0.93
0.95
rO.85
rO.97
0.85
0.82
814.1
815.0
824.9
6.685
rO.85
198.3
197.3
198.3
1.357
1.360
1.350
r22.08
r!6.39
r3.54
April
June
0.91
-0.20
-0.02
0.83
0.89
0.55
0.99
1.08
0.89
0.93
0.98
1.00
199.6
197.3
195.2
829.7
829.3
825.2
6.740
1.348
1.347
1.345
r8.74
r3.22
r-9.55
July
August
September
-0.02
0.86
rl.16
0.81
1.19
0.42
1.17
0>rel.54
reO.32
1.02
0)rel.l2
rel.10
194,1
195.2
197.1
827.1
834.6
r836.6
r6.760
1.347
1.334
rl.331
r-5.57
r-7.24
p-10.27
October
November
December
pi. 67
2
1.37
pO.68
eO.76
eO.94
p!99.5
0)p838.3
pi. 332
(NA)
1.22
6.534
4o. 1C
ID
/I O
71.05
1981
January
February
March
June
r5.14
1982
May
See note on page 60.
Graphs of these series are shown on pages 13, 31, and 32.
x
This series is a weighted 4-term moving average (with weights 1,2,2,1) placed on the terminal month of the span.
Average for weeks ended November 3 and 10.
2
Ittlt
NOVEMBER 1982
71
CYCLICAL INDICATORS
B I
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
MAJOR ECONOMIC
PROCESS
Qj MONEY AND CREDIT-Continued
Minor Economic
Process
Credit Flows— Continued
Timing Class
Year
and
month
L, L, L
112. Net change
in bank loans
to businesses
(Ann. rate,
bil. dol.)
L, L, L
113. Net
change in
consumer installment
credit
(Ann. rate,
bil. dol.)
Credit Difficulties
L, L, L
110. Total
private
borrowing
(Ann. rate,
mil. dol.)
L, L, L
14. Current
liabilities
of business
failures (u)
(Mil. dol.)
Bank Reserves
L, L, L
39. Delinquency
rate, 30 days
and over, consumer installment loans
(Percent)
L, U, U
93. Free
reserves (g)
(Mil. dol.)
Interest Rates
L, L & U
94. Member
bank borrowing from the
Federal
Reserve (u)
(Mil. dol.)
L, Lg, Lg
119. Federal
funds rate ©
(Percent)
C, Lg, Lg
114. Treasury
bill rate (u)
(Percent)
1
C )
1980
January
February
March
April
May
June
38.88
31.93
31.62
28.44
8.28
7.85
6.41
-35.40
11.84
-21.06
-31.76
-24.85
July
August
September
5.46
-6.74
20.65
26.00
9.44
October
November
December
25.90
43.91
22.69
378,360
243.15
190.79
274.24
2.37
2.32
2.53
221,208
428.15
381.15
436.68
2.53
2.64
2.74
445.69
345.41
1,002.94
2.77
2.94
2.70
363,568
359.24
[H>239.34
288.30
308,564
10.22
4.82
7.40
16.19
1,241
1,655
2,824
13.82
14.13
17.19
12.04
12.81
15.53
2,455
1,018
380
17.61
10.98
14.00
9.47
9.15
7.00
9.03
9.61
8.13
9.26
-1,055
395
659
1,311
10.87
10.32
2.53
2.66
2.57
-1,018
-1,201
-1,587
1,335
2,156
1,617
12.81
15.85
18.90
11.58
13.89
15.66
341.36
789.20
485.34
2.42
2.51
2.53
-1,028
-1,023
1,386
1,301
994
19.08
15.93
14.70
14.72
14.90
13.48
-999
-1,465
-2,638
-2,261
-835
-169
-111
-357
1981
-7.09
-18.96
14.47
22.14
35.65
320,608
April
May
June
35.71
41.36
32.80
32.66
18.85
24.37
0)392,040
536.88
428.20
408.54
2.40
2.40
2.30
-1,136
D -1,968
-1,700
1,338
0)2,220
2,039
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
[H>35.70
318,116
619.46
450.41
752.34
2.22
2.35
2.28
-1,335
-1,122
-1,035
1,679
1,417
1,451
19.04
17.82
15.87
14.70
15.61
14.95
October
November
December
13.62
13.32
23.36
12.02
897.94
-0.40
2.37
2.42
2.37
-871
-348
-330
1,149
695
642
15.08
13.31
12.37
13.87
11.27
10.93
46.64
0)58.09
5.32
0.90
January
February
March
6.31
7.20
247,540
(NA)
-719
1982
January
February
March
April
May
June
July
August
September
October
November
December
See note on page 60.
Graphs of these series are
1
See "New Features
2
Average for weeks
3
Average for weeks
''Average for weeks
9.40
11.88
54.30
40.56
40.80
14.10
16.79
16.19
9.59
6.84
0.79
r4.88
r41.82
2
p!2.73
-19.55
r267,666
2.48
2.39
2.24
-1,101
-1,414
-1,254
1,526
1,713
1,611
13.22
14.78
14.68
12.41
13.78
12.49
2.20
2.21
-U307
r298,i66
1,581
1,105
1,205
14.94
14.45
14.15
12.82
12.15
12.11
12.59
10.12
10.31
11.91
r-592
669
510
976
p277
-173
p455
3
640
-745
-895
0)2.16
13.10
2.19
2.21
2.19
(NA)
(NA)
p258,500
-378
-199
3
3
9.71
7.75
9.50
"8.07
shown on pages 32, 33, and 34.
and Changes for This Issue," page iii.
ended November 3 and 10.
ended November 3, 10, and 17.
ended November 4, 11, and 18.
72
9.01
8.20
NOVEMBER 1982
CYCLICAL INDICATORS
B
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
MAJOR ECONOMIC
PROCESS
Q| MONEY AND CREDIT-Continued
Minor Economic
Process
Timing Class
Outstanding Debt
Interest Rates-Continued
Lg, Lg, Lg
C, Lg, Lg
U, Lg, Lg
Lg, Lg, Lg
Lg, Lg, Lg
116. Corporate
bond yields <u)
115. Treasury
bond yields @
117. Municipal
bond yields (u)
118. Secondary
market yields
on FHA
mortgages <§)
67. Bank rates
on short-term
business loans
(Percent)
(Percent)
Year
and
month
(Percent)
(Percent)
(Percent)
®
Lg, Lg, Lg
Lg, Lg, Lg
109. Average
prime rate
charged by
banks ©
66. Consumer
installment
credit
(Percent)
(Mil. dot.)
Lg, Lg, Lg
Lg, Lg, Lg
72. Commercial
and industrial
loans outstanding, weekly
reporting large
commercial
banks
(Mil. dol.)
95. Ratio,
consumer installment credit
to personal
income
(Percent)
1980
18.31
306,213
308,583
309,237
159,510
162,171
162,861
14.75
14.80
14.73
17.'75
19.77
16.57
12.63
307,482
304,835
302,764
163,395
160,445
161,432
14.66
14.46
14.26
12.39
13.54
14.26
ll!56
11.48
11.12
12.23
302,202
302,989
303,841
161,887
163,608
165,775
13.97
13.88
13.75
9.11
9.56
10.20
14.38
14.47
14.08
15.'H
13.79
16.06
20.35
304,243
304,860
306,209
167,933
171,592
173,483
13.60
13.49
13.41
11.65
12.23
12.15
9.68
10.10
10.16
14.23
14.79
15.04
19.91
20.16
19.43
18.05
307,415
309,260
312,231
174,009
173,418
171,838
13.32
13.27
13.28
12.62
12.96
12.39
10.62
10.78
10.67
15.91
16.33
16.31
19.99
17.15
19.61
20.03
314,953
316,524
318,555
174,814
178,261
180,994
13.32
13.30
13.28
January
February
March
11.65
13.23
14.08
10.03
11.55
11.87
7.35
8.16
9.17
12.60
(NA)
14.63
15.'o7
April
May
June . . .
13.36
11.61
11.12
10.83
9.82
9.40
8.63
7.59
7.63
13.45
11.99
11.85
July
August
September
11.48
12.31
12.74
9.83
10.53
10.94
8.13
8.67
8.94
October
November
December
13.17
14.10
14.38
11.20
11.83
11.89
January
February
March
14.01
14.60
14.49
April
May
June
15.00
15.68
14.97
15.25
15.63
1981
July
August
September
15.67
16.34
K>16.97
13.05
13.61
D14.14
11.14
12.26
12.92
16.76
17.96
E>18.55
E>2i!ii
20.39
D20.50
20.08
320,106
322,534
325,509
184,419
186,781
188,692
13.14
13.11
13.13
16.96
15.53
15.55
14.13
12.68
12.88
12.83
11.89
12.91
17.43
15.98
16.43
1?!23
18.45
16.84
15.75
326,511
327,111
327,078
189,827
190,937
192,884
13.13
13.09
13.10
January
February
March
16.34
16.35
15.72
13.73
13.63
12.98
H>13.28
12.97
12.82
17.38
17.10
16.41
17.*13
15.75
16.56
16.50
327,521
327,596
328,586
196,771
201,612
202,395
13.11
13.03
13.05
April
May
June
15.62
15.37
15.96
12.84
12.67
13.32
12.59
11.95
12.45
16.31
16.19
16.73
u'.ii
16.50
16.50
16.50
329,761
331,160
332,509
206,920
210,300
213,700
13.01
12.96
12.96
July
August
September
15.75
14.64
r!3.78
12.97
12.15
11.48
12.28
11.23
10.66
16.29
14.61
14..03
13.27
16.26
14.39
13.50
333,079
333,145
1)334,237
214,499
r214,906
r218,391
r!2.86
12.83
p!2.85
October
November
December
12.63
Ul.SS
9.69
10.03
12.99
October
November
December
1982
X
10.51
10.12
See note on page 60.
Graphs of these series are shown on pages 15, 34, and 35.
l
Average for weeks ended November 5, 12, and 19.
2
Average for weeks ended November 4, 11, and 18.
3
Average for November 1 through 23.
"Average for weeks ended November 3 and 10.
ito
NOVEMBER 1982
2
3
12.52
11.96
(NA)
[H>p219,452
"217,823
(NA)
CYCLICAL INDICATORS
C
I
DIFFUSION INDEXES AND RATES OF CHANGE
Q| DIFFUSION INDEXES
Year
and
month
950. Twelve leading
indicator components
(series 1, 5, 8, 12, 19,
20, 29, 32, 36, 92, 104,
952. Six lagging
indicator components
(series 62, 70, 72, 91,
95, 109)
951. Four roughly
coincident indicator
components (series
41, 47, 51, 57)
961. Average workweek
of production workers,
manufacturing (20
industries)
106)
1-month
span
6-month
span
1-month
span
6-month
span
1-month
span
6-month
span
1-month
span
9-month
span
962. Initial claims for
State unemployment
insurance, week including tjie 12th1
(51 areas)
1-month
span
9-month
span
963. Number of employees on private
nonagricultural payrolls
(186 industries)
1-month
span
6-month
span
53.8
48.9
49.2
39.8
34.1
29.3
1980
0.0
100.0
January
February
March
41.7
29.2
33.3
16.7
April
May
June
12.5
33.3
50.0
16.7
45.8
41.7
July
August
September
83.3
83.3
91.7
100.0
25.0
75.0
91.7
100.0
October
November
December
62.5
70.8
50.0
75.0
66.7
75.0
100.0
January
February
March
16.7
33.3
70.8
75.0
58.3
58.3
April
May
June
75.0
16.7
41.7
45.8
50.0
25.0
July
August
September
25.0
50.0
16.7
25.0
October
November
December
25.0
41.7
25.0
8.3
75.0
2.0
2.0
9.8
41.7
66.7
50.0
50.0
58.3
33.3
70.0
0.0
0.0
0.0
0.0
0.0
66.7
33.3
33.3
41.7
50.0
33.3
57.5
22.5
22.5
12.5
10.0
15.0
33.3
70.6
3.9
7.8
29.0
32.8
29.6
23.1
26.6
28.8
100.0
100.0
41.7
33.3
33.3
33.3
33.3
50.0
22.5
87.5
85.0
37.5
75.0
95.0
62.7
84.3
13.7
58.8
23.5
96.1
35.2
64.0
61.0
35.8
44.1
59.1
100.0
100.0
100.0
50.0
50.0
66.7
50.0
50.0
50.0
57.5
80.0
72.5
87.5
85.0
97.5
76.5
96.1
96.1
88.2
88.2
62.6
59.4
54.6
71.2
64.0
61.0
100.0
100.0
100.0
100.0
50.0
66.7
50.0
90.0
75.0
33.3
41.7
41.7
60.0
95.0
87.5
77.5
86.3
39.2
31.4
76.5
81.4
70.6
56.7
48.7
51.1
64.8
65.9
67.2
50.0
62.5
83.3
83.3
66.7
83.3
66.7
83.3
72.5
77.5
22.5
60.0
17.5
64.7
78.4
17.6
19.6
19.6
100.0
75.0
75.0
50.0
68.3
65.3
54.0
67.7
67.2
67.5
75.0
25.0
37.5
50.0
25.0
12.5
75.0
66.7
83.3
83.3
66.7
66.7
35.0
35.0
15.0
15.0
12.5
68.6
58.8
17.6
59.9
50.3
50.3
51.3
39.0
33.9
0.0
0.0
0.0
75.0
66.7
66.7
66.7
50.0
33.3
62.5
20.0
30.0
0.0
58.3
33.3
50.0
33.3
33.3
50.0
95.0
12.5
58.3
41.7
66.7
50.0
33.3
41.7
42.5
75.0
72.5
25.0
0.0
0.0
0.0
25.0
87.5
100.0
25.0
50.0
7.5
10.0
15.0
0.0
0.0
23.5
60.8
46.1
3.9
5.9
19.6
1981
8.3
8.3
2
2
9.1
2
9.1
18.2
0.0
0.0
0.0
75.0
7.5
5.0
5.0
7.5
5.0
5.0
9.8
r60.8
5.9
9.8
27.5
11.8
49.0
22.5
5.9
7.8
34.7
28.2
31.2
30.1
27.7
24.2
12.5
42.5
30.0
96.1
24.5
11.8
31.4
43.1
32.5
42.5
35.8
21.8
27.4
27.4
30.0
62.7
68.6
19.6
15.7
40.9
51.1
32.0
r28.8
r30.9
p27.7
1982
2
January
February
March
31.8
45.5
2
45.5
2
2
April
May
June
63.6
2
63.6
2
45.5
July
August
September . . . . . . .
2
r68.2
2
54.5
2
59.1
3
October
November
December
55.0
2
2
2
36.4
36.4
68.2
2
81.8
2
63.6
2
r63.6
3
60.0
0.0
87.5
37.5
50.0
50.0
25.0
75.0
50.0
0.0
25.0
0.0
0.0
"0.0
0.0
0.0
"0.0
50.0
r40.0
p77.5
5.9
p23.5
(NA)
45.0
67.6
43.5
50.0
r25.0
r30.0
9.8
p!7.6
r37.6
r43.0
25.0
p42.5
(NA)
p28.5
50.0
r25.0
5
5
5.0
29.8
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(u), 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.
1
Figures
2
Excludes
Excludes
"Excludes
5
Excludes
3
are the
series
series
series
series
percent of components declining.
12, for which data are not available. See "New Features and Changes for This Issue" on page iv of the July 1982 issue.
12 and 36, for which data are not available.
57, for which data are not available.
70 and 95, for which data are not available.
74
NOVEMBER 1982
CYCLICAL INDICATORS
DIFFUSION INDEXES AND RATES OF CHANGE—Continued
1
^ DIFFUSION INDEXES-Continued
Year
and
month
964. Value of manufacturers' new orders,
durable goods industries (34 industries)
1-month
span
965. Newly approved
capital appropriations,
deflated (17 manufacturing industries)
9-month
span
1-quarter
span
4-Q moving
average
966. Index of industrial
production (24
industries)
1-month
span
6-month
span
967. Index of spot
market prices, raw
industrials (u)
(13 industrial materials)
1-month
span
9-month
span
960. Net profits,
manufacturing 2 ©
(about 600 companies)
968. Index of stock
prices, 500 common
stocks x (u)
1-month
span
9-month
span
(4-quarter span)
1980
January
February
March
70.6
45.6
41.2
23.5
29.4
32.4
65
April
May
June
19.1
38.2
50.0
47.1
63.2
44.1
18
July
August
September
76.5
50.0
82.4
45.6
64.7
73.5
27
October
November
December
70.6
60.3
55.9
85.3
85.3
79.4
53
January
February
March
41.2
52.9
58.8
88.2
73.5
70.6
56
April
May
June
64.7
52.9
50.0
50.0
47.1
35.3
53
July
August
September
47.1
26.5
47.1
32.4
20.6
20.6
33
October
November
December
26.5
58.8
32.4
29.4
20.6
14.7
30
January
February
March
47.1
50.0
35.3
23.5
20.6
41.2
48
April
May
June
48.5
67.6
35.3
20.6
r38.2
p26.5
3
58.3
50.0
53.8
74.1
52.8
3.8
39,6
47.2
77.4
56
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
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
95.8
95.8
95.8
65.4
53.8
46.2
61.5
65.4
65.4
43.4
55.7
15.1
90.6
88.7
86.8
'ei
'48
79.2
91.7
66.7
83.3
62.5
45.8
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
'eo
'49
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
'43
56.2
62.5
45.8
'ii
87.5
52.1
12.5
31.3
20.8
16.7
61.5
61.5
42.3
61.5
42.3
23.1
19.2
40.4
0.0
46.2
32.7
9.6
49
8.3
8.3
10.4
38.5
26.9
46.2
23.1
23.1
15.4
58.7
65.4
67.3
14.4
10.6
34.6
p48
r34
20.8
8.3
20.8
0.0
12.5
33.3
42.3
34.6
38.5
15.4
30.8
26.9
10.6
34.6
28.8
34.6
42.3
38.5
(NA)
p39
33.3
75.0
31.3
r27
20.8
41.7
54.2
r41.7
33.3
r29.2
30.8
34.6
23.1
26.9
19.2
19.2
88.5
54.8
11.5
18.0
56.0
79.6
p50
r60.4
r47.9
r25.0
p41.7
61.5
53.8
61.5
"26.9
52.9
26.5
100.0
'ii
70.8
20.8
41.7
25.0
16.7
12.5
50.0
73.1
61.5
'ii
16.7
16.7
14.6
16.7
12.5
16.7
*39
39.6
70.8
66.7
3
1981
1982
July
August
September
50.0
32.4
r58.8
October
November
December
p44.1
p29.2
46.2
"15.4
98.0
See note on page 74.
Graphs of these series are shown on page 37.
1
Based on 54 industries for January 1980, on 53 industries through May 1981, on 52 industries through August 1982, on 50 industries in
September 1982, and on 49 industries thereafter. Data for component industries are not shown in table C2 but are available from the sourc
2
This is a copyrighted series used by permission; it may not be reproduced without written permission from Dun £ Bradstreet, Inc.
3
Based on 12 components (excluding rosin).
"Based on average for November 2, 9, 16, and 23.
NOVEMBER 1982
CYCLICAL INDICATORS
DIFFUSION INDEXES AND RATES OF CHANGE—Continued
j^g DIFFUSION INDEXES-Continued
Year
and
quarter
a. Actual
expenditures
b. Later
anticipations
c. Early
anticipations
(4-Q
(1-Q span)
(1-Q span)
(1-Q span)
Anticipated
Actual
(4-Q
span)
973. Net sales, manufacturing
and trade ' (u)
972. Net profits, manufacturing
and trade '(u)
971. New orders, manufacturing ' (u)
970. Business expenditures for new plant and
equipment (22 industries)
(4-Q
span)
span)
Anticipated
Actual
Ant cipated
Actual
(4-Q
(4-Q span)
(4-Q span)
span)
1979
First quarter
Second quarter . . . .
Third quarter
Fourth quarter . . . .
86.4
52.3
68.2
68.2
63.6
63.6
47.7
88.6
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
74
63
60
60
66
75
57
62
62
54
57
56
66
73
59
61
73
62
68
66
72
80
63
67
68
70
62
62
74
74
76
76
60
66
60
60
70
69
74
72
70
74
71
68
78
76
80
80
52
50
60
68
64
60
53
52
61
66
66
60
63
58
65
70
72
65
1980
First quarter
Second quarter . . . .
Third quarter
Fourth quarter . . . .
54.5
45.5
81.8
59.1
50.0
54.5
36.4
40.9
81.8
77.3
77.3
59.1
1981
First quarter
Second quarter . . . .
Third quarter
Fourth quarter . . . .
72.7
72.7
70.5
63.6
72.7
40.9
54.5
59.1
68.2
59.1
22.7
27.3
59.1
36.4
77.3
68.2
1982
54.5
First quarter
Second quarter . . . .
Third quarter
Fourth quarter . . . .
34.1
(NA)
59,1
65.9
59.1
(NA)
(NA)
(NA)
HOI DIFFUSION INDEXES-Continued
Year
and
quarter
974. Number of employees,
manufacturing and trade ' (u)
Anticipated
Actual
(4-Q span)
(4-Q
span)
975. Level of inventories,
manufacturing and trade ' (u)
Anticipated
Actual
(4-Q
span)
(4-Q
span)
976. Selling pr ces, manufacturing ' (u)
Anticipated
Actual
(4-Q span)
(4-Q
span)
977. Selling pr ces, wholesale
trade ' (u)
978. Selling prices, retail
trade ' (u)
Actual
Actual
Anticipated
(4-Q span)
(4-Q span
Anticipated
(4-Q span)
(4-Q span)
1979
First quarter
Second quarter . . . .
Third quarter
Fourth quarter . . . .
62
60
60
58
60
60
58
56
80
76
73
75
70
74
71
68
92
93
92
94
86
88
88
86
96
95
95
96
88
90
92
90
94
95
94
96
90
92
92
90
58
54
53
51
54
56
48
50
67
61
64
60
62
70
53
56
90
88
90
90
87
90
83
86
92
90
92
90
90
92
87
88
92
91
94
90
90
93
84
90
51
53
52
52
56
54
56
55
62
64
62
63
63
61
66
64
88
86
84
82
88
90
89
84
90
88
84
82
90
89
89
84
94
90
86
86
90
90
92
87
48
46
50
51
51
48
58
52
54
56
56
50
72
68
80
76
68
66
72
67
82
78
72
68
78
75
82
81
76
72
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 . . . .
(NA)
(NA)
(NA)
(NA)
(NA)
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.
ndicated 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.
x
This is a copyrighted series used by permission; it may not be reproduced without written permission from Dun £ Bradstreet, Inc.
Bradstreet diffusion indexes are based on surveys of about 1,400 business executives.
76
NOVEMBER 1982
Dun §
KUI
CYCLICAL INDICATORS
C
I
DIFFUSION INDEXES AND RATES OF CHANGE—Continued
jj^J SELECTED DIFFUSION INDEX COMPONENTS: Basic Data and Directions of Change
Diffusion index components
1982
April
March
May
June
July
August
October p
Septemberr
961. AVERAGE WORKWEEK OF PRODUCTION WORKERS, MANUFACTURING '
(Average weekly hours)
All manufacturing industries
39.0
Percent rising of 20 components
(12)
o
39.0
+
(42)
39.1
+
(75)
39.2
39.2
39.0
38.7
(72)
(45)
(25)
(30)
38.6
37.6
o
o
38.7
(42)
Durable goods industries:
Lumber and wood products
Furniture and fixtures
37.6
37.3
o
+
37.6
37.4
+
+
38.5
37.5
+
+
38.7
37.8
Stone, clay, and glass products
Primary metal industries
40.0
38.8
o
40.0
38.5
+
o
40.2
38.5
+
+
40.4
38.9
+
o
40.6
38.9
40.3
r38.8
40.1
37.9
+
40.2
37.6
Fabricated metal products
Machinery, except electrical
39.5
40.2
39.4
40.1
+
39.5
39.8
39.4
39.6
+
+
39.5
39.8
r39.2
r39.5
38.8
38.9
o
+
38.8
39.1
Electric and electronic equipment
Transportation equipment
39.4
40.4
39.3
41.1
+
o
39.4
41.1
+
+
39.5
41.6
+
39.8
41.0
39.3
40.5
38.8
39.8
+
38.9
39.7
39.9
38.5
+
+
40.2
38.7
o
40.2
38.6
40.1
38.6
39.7
38.1
+
39.3
38.3
39.4
36.6
o
+
39.4
37.2
+
+
39.5
38.4
+
o
39.5
39.7
37.7
34.7
+
+
37.9
34.8
+
37.8
35.1
41.8
36.8
+
+
42.0
37.1
41.9
37.0
40.9
43.3
Instruments and related products
Miscellaneous manufacturing
o
o
39.9
38.6
+
o
40.1
38.7
+
+
o
r38.2
r37.9
+
38.3
37.5
+
37.9
37.7
Nondurable goods industries:
Food and kindred products
Tobacco manufacturers
39.5
37.3
Textile mill products
Apparel and other textile products
37.6
35.0
+
Paper and allied products
Printing and publishing
41.8
37.1
+
o
42.1
37.1
Chemicals and allied products
Petroleum and coal products
o
40.7
43.5
o
+
40.7
44.0
+
+
41.0
44.1
o
o
41.0
44.1
Rubber and miscellaneous plastics products
Leather and leather products
39.6
35.8
+
+
39.8
35.6
+
o
39.9
35.6
+
+
40.1
35.7
o
39.5
36.8
37.7
35.2
+
+
+
+
77,859
-
(35)
Percent rising of 34 components
76,194
-
(48)
75,710
-
(68)
74,550
+
(35)
+
o
+
40.2
36.1
964. VALUE OF MANUFACTURERS' NEW ORDERS, DURABLE GOODS INDUSTRIES l
(Millions of dollars)
All durable goods industries
+
r39.1
r38.1
+
+
39.4
39.7
38.2
r35.0
+
38.1
35.2
r41.7
36.8
+
41.5
36.9
o
41.4
36.9
41.2
43.4
+
40.8
43.5
r40.9
r43.9
+
39.7
r36.0
38.0
34.9
39.6
35.7
39.1
34.8
73,266
69,671
2
76,446
-
r72,982
+
(50)
(32)
(59)
(44)
8,178
8,897
7,983
8,668
6,942
8,336
Primary metals
Fabricated metal products
7,596
9,819
+
8,137
8,988
+
+
8,453
9,405
+
8,617
9,389
+
+
8,660
9,368
Machinery, except electrical . . .Electrical machinery
+
14,438
12,782
+
-
15,264
12,508
-
14,408
11,888
-
13,015
11,705
+
12,876
12,396
+
-
Transportation equipment
Other durable goods industries
+
17,138
16,086
-
16,594
14,703
+
16,011
15,545
+
16,347
15,477
+
+
17,515
15,631
-
r!3,091 +
11,572 +
16,084
15,160
+
13,978
12,025
-
13,899
10,719
14,828
15,784
-
14,620
15,155
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.
*Data are seasonally adjusted by the source agency.
2
Data for most of the diffusion index components are not available for publication, but they are included in the totals and directions of
change for the six major industry groups shown here.
NOVEMBER 1982
77
CYCLICAL INDICATORS
DIFFUSION INDEXES AND RATES OF CHANGE—Continued
IQj SELECTED DIFFUSION INDEX COMPONENTS: Basic Data and Directions of Change-Continued
Diffusion index components
1982
April
March
Julyr
June
May
August r
Septemberr
October P
966. INDEX OF INDUSTRIAL PRODUCTION '
(1967 = 100)
All industrial production
Percent rising of 24 components
2
141.7
140.2
139.2
138.7
(31)
(21)
(42)
(54)
+
138.8
138.4
137.4
136.3
(60)
(48)
(25)
(29)
Durable manufactures:
Lumber and products
Furniture and fixtures
+
103.5
150.2
+
+
106.2 +
151.8
110.6 +
151.1 +
112.2 +
152.5 +
116.9 +
154.5 +
119.3
156.1
117.8
155.3
(NA)
(NA)
+
126.1 +
72.8 +
126.9 +
72.9
128.8 +
72.5 +
130.6
73.3
(NA)
72.6
Clay, glass, and stone products
Primary metals
131.5
83.0
127.0
76.4
125.0
75.2
Fabricated metal products
Nonelectrical machinery
121.1
157.3
119.1
153.7
115.8
150.0
115.0
147.4
+
115.5
147.1
114.2
146.7
113.1
143.2
111.9
139.1
172.2
105.9 +
170.9
110.0 +
170.8
111.6 +
170.3
112.7
169.9
107.5
167.8
105.8
167.7
100.7
163.8 +
141.7
164.8 +
136.8
165.2 +
134.7
165.5
133.7
162.2
132.2
Electrical machinery
Transportation equipment
+
172.6
104.4
Instruments
Miscellaneous manufactures
+
163.0
145.3
162.8
144.6
o
150.8
126.7
149.7 +
116.1 +
150.5 +
118.6 +
151.0 o
123.6
151.0
121.4 o
150.5
121.4
(NA)
(NA)
(NA)
(NA)
+
126.0
126.3
(NA)
123.5
(NA)
+
(NA)
123.7 +
(NA)
124.3 +
(NA)
125.3
(NA)
125.1
(NA)
(NA)
(NA)
150.6
145.9
149.8
144.2
146.5
143.8
+
146.8 +
142.6 +
147.0 +
143.9 +
152.4 +
145.3
152.7
144.7
150.8
144.6
+
200.3
121.3
198.6
120.8
+
193.6
122.2 +
193.2 +
124.3 +
194.1 +
124.7
195.6 +
121.4 +
195.7
124.2 +
+
253.4
255.1 +
60.6 +
257.0 +
61.1 +
258.9
62.3 +
256.8 +
62.9
261.1 +
60.8
262.0
60.5
90.0
149.2
71.8
144.4
58.1
140.3
56.8
139.9
53.0
127.9
132.7
114.6
129.1
106.6
127.0
103.8
124.0
105.7
121.7
105.6
+
+
+
159.1
132.7
Nondurable manufactures:
Foods
Tobacco products
Textile mill products
Apparel products
Paper and products . .
Printing and publishing
Chemicals and products .
Petroleum products
Rubber and plastics products
Leather and products
61.2
+
+
(NA)
125.5
(NA)
(NA)
Mining:
Metal mining
Coal
Oil and gas extraction
Stone and earth minerals
+
109.9
155.6
108.8
146.2
141.4
121.6
137.7
119.6
+
+
NOTE: To facilitate interpretation, the month-to-month directions of change are shown along with the numbers: ( + ) = rising, (o) = unchanged, and (-)
preliminary; and "NA", not available.
= falling.
+
(NA)
145.2
120.0
(NA)
The "r" indicates revised; "p",
*Data are seasonally adjusted by the source agency.
Where actual data for separate industries are not available, estimates are used to compute the percent rising.
2
78
NOVEMBER 1982
ItUI
CYCLICAL INDICATORS
C
I
DIFFUSION INDEXES AND RATES OF CHANGE—Continued
Q SELECTED DIFFUSION INDEX COMPONENTS: Basic Data and Directions of Change-Continued
Diffusion index components
1982
April
March
July
June
May
August
September
October
November1
967. INDEX OF SPOT MARKET PRICES, RAW INDUSTRIALS 2
Raw industrials price index (1967 = 100) . . . .
-
254.5
-
-
245.5
-
(35)
(31)
(38)
Percent rising of 13 components
247.4
232.2
+
(23)
237.0
-
236.2
+
(54)
(62)
239.0
-
235.5
-
(46)
(62)
231.2
(15)
Dollars
0.481 +
1.060
0.482
1.063
-
0.481
1.060
0.164
0.362
-
0.148
0.326
-
0.131
0.289
+
60.000
66.138
o
60.000
66.138
o
60.000
66.138
5.714
12.597
+
5.820
12.831
5.715
12.599
-
5.558
12.253
0.399
0.880
+
0.419
0.924
-
0.418
0.922
-
0.405
0.893
+
0.241 +
0.264
0.252
0.276
+
0.263
0.288
0.659
1.453
-
0.615
1.356
-
0.588 +
1.296
0.595
1.312
-
0.589
1.299
-
0.588
0.643
-
0.546
0.597
+
0.555
0.607
+
0.558
0.610
-
0.556
0.608
3.400
7.496
o
3.400
7.496
o
3.400
7.496
o
3.400
7.496
+
3.500 +
7.716
3.600
7.937
-
0.526
1.160
+
0.541 +
1.193
0.544
1.199
-
0.542
1.195
-
0.506
1.116
-
0.490
1.080
47.000
103.616
o
47.000
103.616
o
47.000
103.616
o
47.000
103.616
o
47.000
103.616
o
47.000
103.616
o
47.000
103.616
-
0.458
1.010
+
0.463 +
1.021
0.468
1.032
-
0.464
1.023
-
0.448
0.988
-
0.425
0.937
-
0.420
0.926
0.177 +
0.390
0.182
0.401
-
-
0.168
0.370
-
0.150 +
0.331
0.159
0.351
-
0.152
0.335
-
0.144
0.317
-
0.461 +
1.016
Copper scrap
(pound) . .
(kilogram)..
-
0.530
1.168
+
0.534
1.177
-
0.530
1.168
-
0.427
0.941
+
Lead scrap
(pound) . .
(kilogram)..
-
0.160
0.353
-
0.152
0.335
-
0.150
0.331
-
0.142
0.313
+
0.146 +
0.322
0.166
0.366
-
Steel scrap
. (U S ton) .
(metric ton) . .
-
74.600
82.232
-
72.750
80.192
-
70.000
77.161
-
57.800
63.713
+
59.000
65.036
+
59.200
65.256
Tin
(pound). .
(kilogram)..
-
6.080
13.404
-
5.830
12.853
+
5.842
12.879
5.280
11.640
+
Zinc
(pound) . .
(kilogram)..
-
0.402
0.886
-
0.362
0.798
o
0.362
0.798
+
0.368 +
0.811
0.388
0.855
+
Burlap
(yard).,
(meter) . .
+
0.235
0.257
+
0.244
0.267
-
0.242
0.265
-
0.238
0.260
-
0.236
0.258
Cotton
(pound) . .
(kilogram) . .
+
0.598
1.318
+
0.618 +
1.362
0.625
1.378
-
0.613
1.351
+
Print cloth
(yard).,
(meter) . .
-
0.693
0.758
-
0.650
0.711
-
0.630
0.689
-
0.626
0.685
Wool tops
(pound) . .
(kilogram)..
-
3.460
7.628
-
3.412
7.522
-
3.400
7.496
o
(pound)
(kilogram)..
-
0.584
1.287
-
0.545
1.202
+
0.558
1.230
(100 pounds) . .
(100 kilograms)..
+
53.500
117.946
-
49.000
108.025
-
Rubber
(pound) . .
(kilogram) . .
+
0.471
1.038
-
0.460
1.014
Tallow
(pound) . .
(kilogram)..
+
0.171 +
0.377
Hides
...
Rosin
5.284
11.649
0.176
0.388
0.465
1.025
0.259
0.283
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.
1
Average for November 2, 9, 16 and 23.
2
Data are not seasonally adjusted. These series are based on copyrighted data used by permission; they may not be reproduced without
written permission from Commodity Research Bureau, Inc. Components are converted to metric units by the Bureau of Economic Analysis.
NOVEMBER 1982
79
OTHER IMPORTANT ECONOMIC MEASURES
IA
I
NATIONAL INCOME AND PRODUCT
^M GNP AND PERSONAL INCOME
Year
and
quarter
b. Difference
a. Total
(Ann. rate,
bil. dol.)
(Ann. rate,
bil. dol.)
c. Percent
change at
annual rate
b. Difference
a. Total
(Ann. rate,
bil. dol.)
(Ann. rate,
bil. dol.)
213. Final sales
in 1972 dollars
217. Per capita
GNP in 1972
, ..
collars
50. Gross national product in 1972 dollars
200. Gross national product in current dollars
c. Percent
change at
annual rate
(Ann. rate,
bil. dol.)
(Ann. rate,
dollars)
1979
First quarter
Second quarter . . . .
Third quarter
Fourth quarter . . . .
2,335.5
2,377.9
2,454.8
2,502.9
53.9
42.4
76.9
48.1
2,575.9
2,573.4
2,643.7
2,739.4
73.0
-2.5
70.3
95.7
9.8
7.5
4.2
1,472.6
1,469.2
1,486.6
1,489.3
13.6
8.1
1.1
-3.4
17.4
6,570
6,537
6,595
6,586
1,459.7
1,455.4
1,481.9
1,491.6
6,593
6,413
6,421
6,472
1,497.5
1,460.3
1,472.3
1,485.7
6,583
6,544
6,563
6,458
1,505.4
1,490.1
1,493.9
1,485.3
6,360
6,380
r6,364
1,486.1
1,482.7
rl, 476.0
-0.9
4.8
0.7
2.7
1980
First quarter
Second quarter . . . .
Third quarter
Fourth quarter . . . .
1.5
12.2
-0.4
11.4
15.3
1,494.9
1,457.8
1,463.8
1,479.4
5.6
-37.1
6.0
19.6
1,507.8
1,502.2
1,510.4
1,490.1
28.4
-5.6
-1.5
8.2
-20.3
-5.3
-9.6
1.6
4.3
15.6
1981
First quarter
Second quarter . . . .
Third quarter
Fourth quarter . . . .
2,864.9
2,901.8
2,980.9
3,003.2
125.5
36.9
79.1
22.3
5.3
11.4
3.0
7.9
2.2
1982
First quarter
Second quarter . . . .
Third quarter
Fourth quarter . . . .
2,995.5
3,045.2
r3,080.7
-7.7
49.7
-1.0
r35.5
r4.7
1,470.7
1,478.4
rl,478.4
6.8
Disposable personal income
224. Current dollars
(Ann. rate,
bil. dol.)
225. Constant
(1972) dollars
(Ann. rate,
bil. dol.)
-5.1
rO.O
rO.O
2.1
HEI PERSONAL CONSUMPTION EXPENDITURES
JQ GNP AND PERSONAL INCOME-Continued
Year
and
quarter
-19.4
7.7
230. Total in current
dollars
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 . . . .
1,587.5
1,624.0
1,674.3
1,714.9
1,011.1
1,011.7
1,019.8
1,020.1
4,511
4,502
4,524
4,511
1,446.3
1,476.0
1,528.3
1,578.0
921.2
919.5
930.9
938.6
211.1
208.7
217.3
216.6
148.6
144.9
149.1
146.3
1,766.9
1,781.0
1,845.5
1,902.9
1,022.8
1,005.5
1,018.2
1,025.7
4,511
4,423
4,466
4,487
1,618.7
1,622.2
1,682.0
1,745.8
937.0
915.8
928.0
941.0
220.8
199.0
212.7
224.7
145.4
128.9
134.6
139.5
1,958.7
1,996.5
2,060.0
2,101.4
1,035.0
1,036.6
1,048.8
1,051.9
4,519
4,516
4,557
4,559
1,799.9
1,819.4
1,868.8
1,884.5
951.1
944.6
951.4
943.4
236.9
230.4
241.2
229.6
145.3
138.6
142.2
134.1
2,117.1
2,151.5
r2,201.7
1,046.9
1,054.8
1,060.9
4,527
4,552
4,566
1,919.4
1,947.8
rl,987.5
949.1
955.0
r957.7
237.9
240.7
r240.1
137.5
138.3
r!36.5
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 . . . .
NOTE: Series are seasonally adjusted except for those, indicated by (u), 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.
NOVEMBER
1982
ItO
OTHER IMPORTANT ECONOMIC MEASURES
A
I
NATIONAL INCOME AND PRODUCT—Continued
W^m PERSONAL CONSUMPTION EXPENDITURES-Continued
Year
and
quarter
236. Nondurable
goods in current
dollars
(Ann. rate,
bil. dol.)
238. Nondurable
goods in 1972
dollars
(Ann. rate,
bil. dol.)
BHj GROSS PRIVATE DOMESTIC INVESTMENT
237. Services in
current dollars
239. Services in
1972 dollars
(Ann. rate,
bil. dol.)
(Ann. rate,
bil. dol.)
240. Total in
current dollars
(Ann. rate,
bil. dol.)
241. Total in
1972 dollars
(Ann. rate,
bil. dol.)
242. Fixed investment, total, in
current dollars
243. Fixed investment, total, in
1972 dollars
(Ann. rate,
bil. dol.)
(Ann. rate,
bil. dol.)
1979
First quarter
Second quarter . . . .
Third quarter
Fourth quarter . . . .
569.3
586.0
609.3
635.5
349.9
349.2
353.4
359.8
666.0
681.3
701.7
725.9
422.8
425.4
428.5
432.6
415.1
428.3
431.9
416.8
241.5
241.3
237.2
225.3
393.5
401.9
420.2
419.4
228.6
227.6
232.4
227.6
650.6
656.7
673.7
700.5
357.8
352.7
353.7
359.0
747.3
766.6
795.6
820.6
433.9
434.3
439.7
442.5
424.0
391.0
384.1
410.3
222.7
201.9
199.2
209.6
424.6
391.4
405.3
428.0
225.3
204.4
207.8
215.9
720.6
729.6
741.3
746.5
361.6
361.7
363.0
363.1
842.4
859.4
886.3
908.3
444.2
444.3
446.2
446.2
455.7
475.5
486.0
468.9
221.6
229.5
233.4
218.9
443.5
450.9
454.2
455.7
219.2
217.4
216.9
214.1
749.1
755.0
362.2
364.5
r365.8
932.4
952.1
r979.5
449.5
452.2
r455.4
414.8
431.5
r441.3
195.4
202.3
r205.0
450.4
447.7
r438.4
210.8
206.7
r202.6
266. State and
local government
in current dollars
267. State and
local government
in 1972 dollars
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 . . . .
r767.9
D
I cd!
Vpor
ana
quarter
GROSS PRIVATE
DOMESTIC INVEST.-Con.
245. Change in
business inventories in current
dollars
(Ann. rate,
bil. dol.)
^M GOVERNMENT PURCHASES OF GOODS AND SERVICES
30. Change in
business inventories in 1972
dollars
260. Total in
current dollars
(Ann. rate,
bil. dol.)
(Ann. rate,
bil. dol.)
261. Total in
1972 dollars
(Ann. rate,
bil. dol.)
262. Federal
Government in
current dollars
263. Federal
Government in
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 . . . .
-2.3
456.9
464.5
478.5
497.6
276.4
276.8
278.8
281.2
164.4
163.2
168.0
177.8
102.2
101.0
101.9
103.4
292.5
301.2
310.5
319.8
174.2
175.9
176.8
177.8
-0.7
-0.4
-21.2
-17.7
-2.6
-2.5
-8.5
-6.2
519.2
536.0
538.5
559.8
284.7
286.9
283.4
283.2
189.6
198.8
193.3
207,0
106.4
109.1
105.5
104.8
329.6
337.2
345.2
352.8
178.3
177.8
177.9
178.4
12.2
24.6
31.8
13.2
12.1
16.5
578.1
583.2
600.2
626.3
286.8
283.9
286.4
291.3
217.0
218.2
230.0
250.5
107.9
107.0
361.1
365.0
370.1
375.7
179.0
176.9
175.7
175.3
630.1
630.9
r649.2
289.2
285.3
290.0
249.7
244.3
r256.4
380.4
386.6
r392.7
174.9
175.0
r!74.9
21.5
26.4
11.8
12.9
13.7
-2.6
4.8
1980
First quarter
Second quarter . . . .
Third quarter
Fourth quarter . . . .
1981
First quarter
Second quarter . . . .
Third quarter
Fourth quarter . . . .
2.4
4.8
110.7
116.0
1982
First quarter
Second quarter . . . .
Third quarter
Fourth quarter . . . .
-35.6
-16.2
r2.9
-15.4
-4.4
r2.3
114.4
110.3
rllS.l
See note on page 80.
Graphs of these series are shown on pages 41, 42, and 43.
NOVEMBER
1982
81
OTHER IMPORTANT ECONOMIC MEASURES
A
I
NATIONAL INCOME AND PRODUCT—Continued
D
Qj FOREIGN TRADE
Year
and
quarter
255. Constant
(1972) dollars
250. Current
dollars
280. Compensation of
employees
257. Constant
(1972) dollars
253. Current
dollars
(Ann. rate,
bil. dol.)
(Ann. rate,
bil. dol.)
(Ann. rate,
bil. dol.)
(Ann. rate,
bil. dol.)
(Ann. rate,
bil. dol.)
256. Constant
(1972) dollars
252. Current
dollars
220. National income in current
dollars
Imports of goods and services
Exports of goods and services
Net exports of goods and services
NATIONAL INCOME
AND ITS COMPONENTS
(Ann. rate,
bil. dol.)
(Ann. rate,
bil. dol.)
(Ann. rate,
bil. dol.)
1979
First quarter
Second quarter . . . .
Third quarter
Fourth quarter . . . .
17.2
9.1
16.1
10.5
33.4
31.5
39.8
44.2
256.1
268.2
290.6
310.5
138.8
140.4
149.2
156.4
238.9
259.1
274.5
300.0
105.4
109.0
109.4
112.2
1,907.4
1,941.3
1,993.6
2,024.5
1,406.5
1,434.9
1,477.6
1,513.6
14.0
24.2
39.0
23.5
50.5
53.2
53.1
45.6
335.7
337.3
337.2
346.7
164.4
161.2
155.9
155.1
321.7
313.1
298.2
323.2
113.9
108.0
102.8
109.6
2,079.7
2,067.2
2,122.3
2,199.2
1,555.2
1,571.7
1,604.9
1,662.8
31.2
23.7
25.9
23.5
48.2
44.2
39.2
36.5
365.4
368.9
367.2
367.9
159.3
159.7
157.8
156.9
334.2
345.1
341.3
344.4
111.1
115.5
118.7
120.4
2,293.7
2,324.4
2,387.3
2,404.5
1,718.0
1,750.0
1,789.1
1,813.4
31.3
34.9
r2.7
36.9
35.7
r25.7
359.9
365.8
r347.0
151.7
154.4
r!46.6
328.6
330.9
r344.2
114.7
118.7
r!20.9
2,396.9
2,425.2
p2,457.6
1,830.8
1,850.7
rl,868.2
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 . . . .
^1 NATIONAL INCOME AND ITS COMPONENTS-Continued
Year
and
quarter
282. Proprietors'
income with inventory valuation and
capital consumption adjustments
(Ann. rate,
bil. dol.)
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 SAVING
288. Net interest
(Ann. rate,
bil. dol.)
290. Gross saving
(private and government)
(Ann. rate,
bil. dol.)
295. Business
saving
(Ann. rate,
bil. dol.)
292. Personal
saving
(Ann. rate,
bil. dol.)
1979
First quarter
Second quarter . . . .
Third quarter
Fourth quarter . . . .
128.9
134.1
133.3
132.2
28.2
27.0
27.2
29.2
201.3
197.2
197.5
183.1
142.5
148.1
158.1
166.4
423.1
432.2
431.4
404.4
301.6
308.0
318.7
313.9
122.7
108.9
115.5
118.0
30.8
32.7
33.8
34.2
195.3
172.2
177.8
181.2
175.7
181.6
190.4
203.0
410.8
395.8
404.4
414.0
322.3
330.2
335.5
340.3
108.6
113.1
105.3
123.4
123.8
127.5
124.1
34.4
34.0
33.6
33.6
200.3
185.1
193.1
183.9
217.6
231.6
244.0
249.5
461.4
482.4
490.0
476.3
362.7
367.0
379.1
389.1
105.9
122.0
134.4
158.6
116.4
117.3
rl!8.3
33.9
34.2
34.6
157.1
155.4
p!65.9
258.7
267.5
r270.6
428.8
441.5
P428.2
380.3
384.6
P394.5
139.1
144.3
r!54.4
98.0
102.8
98.6
87.3
1980
First quarter
Second quarter . . . .
Third quarter
Fourth quarter . . . .
97.9
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.
NOVEMBER 1982
OTHER IMPORTANT ECONOMIC MEASURES
A
I
NATIONAL INCOME AND PRODUCT—Continued
Q
Year
and
quarter
Qj SHARES OF GNP AND NATIONAL INCOME
SAVING-Continued
298. Government
surplus or deficit,
total
(Ann. rate,
bil. dol.)
293. Personal
saving rate
(percent of disposable personal
income)
Percent of gross national product
235. Personal consumption expenditures, total
249. Residential
fixed investment
247. Change in
business inventories
251. Net exports of
goods and services
(Percent)
(Percent)
(Percent)
(Percent)
(Percent)
(Percent)
248. Nonresidential
fixed investment
1979
First quarter
Second quarter . . . .
Third quarter
Fourth quarter . . . .
2.1
6.2
6.3
5.9
5.1
61.9
62.1
62.3
63.0
11.9
11.9
12.2
12.1
5.0
5.0
5.0
4.7
-10.6
-44.2
-45.9
-32.2
5.5
6.1
6.1
5.5
62.8
63.0
63.6
63.7
12.1
11.7
11.6
11.6
4.4
3.5
3.7
4.0
-8.3
-7.6
-24.5
-72.5
5.4
6.1
6.5
7.5
62.8
62.7
62.7
62.7
11.5
11.8
11.8
4.0
3.8
3.4
3.2
-90.7
-87.5
6.6
6.7
11.9
11.6
p-120.6
r7.0
64.1
64.0
r64.5
22.2
20.1
12.9
0.9
1.1
0.5
0.7
0.4
0.7
0.4
-0.1
1980
First quarter
Second quarter . . . .
Third quarter
Fourth quarter . . . .
0.5
0.9
1.5
0.9
0.0
0.0
-0.8
-0.6
1981
First quarter
Second quarter . . . .
Third quarter
Fourth quarter . . . .
12.0
0.4
0.8
1.1
0.4
1.1
0.8
0.9
0.8
1982
First quarter
Second quarter . . . .
Third quarter
Fourth quarter . . . .
11.1
3.1
3.1
3.2
-1.2
-0.5
rO.l
1.0
1.1
rO.l
Q| SHARES OF GNP AND NATIONAL INCOME-Continued
Percent of GNP-Continued
Year
Percent of national income
and
quarter
265. Federal Government purchases of
goods and services
(Percent)
268. State and local
government purchases
of goods and services
64. Compensation of
employees
(Percent)
(Percent)
283. Proprietors'
income with IVA
and CCAdj l
285. Rental income
of persons with
CCAdj '
(Percent)
(Percent)
289. Net interest
287. Corporate
profits with IVA
and CCAdj '
(Percent)
(Percent)
1979
First quarter
Second quarter . . . .
Third quarter
Fourth quarter . . . .
7.0
6.9
6.8
7.1
12.5
12.7
12.6
12.8
73.7
73.9
74.1
74.8
6.8
6.9
6.7
6.5
1.5
1.4
1.4
1.4
7.4
7.7
7.3
7.6
12.8
13.1
13.1
12.9
74.8
76.0
75.6
75.6
5.9
5.3
5.4
5.4
7.6
7.5
7.7
8.3
12.6
12.6
12.4
12.5
74.9
75.3
74.9
75.4
8.3
8.0
8.3
12.7
12.7
12.7
76.4
76.3
p76.0
9.9
9.0
7.5
7.6
7.9
8.2
1.5
1.6
1.6
1.6
9.4
8.3
8.4
8.2
8.4
8.8
9.0
9.2
5.4
5.3
5.3
5.2
1.5
1.5
1.4
1.4
8.7
8.0
8.1
7.6
4.9
4.8
1.4
1.4
pi. 4
6.6
6.4
10.6
10.2
1980
First quarter
Second quarter . . . .
Third quarter
Fourth quarter . . . .
1981
First quarter
Second quarter . . . .
Third quarter
Fourth quarter . . . .
9.5
10.0
10.2
10.4
1982
First quarter
Second quarter . . . .
Third quarter
Fourth quarter . . . .
p4.8
p6.8
10.8
11.0
pll.O
See note on page 80.
Graphs of these series are shown on pages 46 and 47.
^VA, inventory valuation adjustment; CCAdj, capital consumption adjustment.
NOVEMBER
1982
83
OTHER IMPORTANT ECONOMIC MEASURES
B
I
PRICES, WAGES, AND PRODUCTIVITY
^g PRICE MOVEMENTS
Fixed-weighted price index,
gross business product
Implicit price deflator,
gross national product
Year
and
month
310. Index
(1972 = 100)
310c. Change
over 1-quarter
spans l
(Ann. rate,
percent)
311. Index
(1972 = 100)
31 Ic. Change
over 1-quarter
spans '
(Ann. rate,
percent)
Consumer prices, all items
320. Index (u)
(1967 = 100)
Consumer prices, food
320c. Change
over 1-month
spans '
320c. Change
over 6-month
spans '
(Percent)
(Ann. rate,
percent)
322c. Change
over 1-month
spans l
322c. Change
over 6-month
spans '
(1967 = 100)
(Percent)
(Ann. rate,
percent)
322. Index
1980
10.5
January
February
March
172^3
April
May
June
176i5
11.0
233.2
236.4
239.8
1.4
1.2
1.4
15.5
15.0
14.5
244.5
244.9
246.9
0.4
0.2
0.8
10.4
242.5
244.9
247.6
0.9
0.9
1.0
11.6
10.4
248.6
250.4
251.7
0.7
0.7
0.5
10.8
12.2
247.8
249.4
251.7
0.1
0.7
1.0
10.0
10.3
10.3
253.7
257.8
261.5
0.8
1.6
1.4
12.5
13.4
13.5
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
260.5
263.2
265.1
0.8
1.0
0.6
10.0
269.3
271.0
271.7
0.4
0.6
0.3
6.6
4.6
3.8
266.8
269.0
271.3
0.4
0.8
0.7
272.3
272.6
273.2
0.2
0.1
0.2
4.3
4.1
4.9
274.4
276.5
279.3
1.1
0.8
1.1
9.8
9.1
275.0
276.5
278.3
0.7
0.5
0.7
5.0
5.0
4.7
7.4
279.9
280.7
281.5
0.4
0.5
0.4
7.2
6.0
3.2
279.0
279.3
279.5
0.3
0.1
0.1
4.8
4.9
2.8
4.4
282.5
283.4
283.1
0.3
0.2
2.8
3.7
5.1
281.5
283.2
282.2
0.7
0.6
2.9
4.4
5.6
178!9
10.1
183!4
. .
July
August
September
18CL6
October
November
December
185! 2
9.6
9.9
187!s
10.5
10.0
192! 3
9.6
7.7
7.9
6.8
7.7
8.0
1981
January
February
March
190.'b
April
May
June
193*.2
July
August
September
197 .*4
October
November
December
2oi!e
10.4
10.9
197^1
6.8
8.6
2oi!2
9.0
9.3
205 .'7
8.8
209!4
9.3
8.8
9.6
9.3
10.4
10.5
1982
January
February
March
203.7
April
May
June
206 .'6
July
August
September
4.3
2li.*8
4.6
October
November
December
r216\7
-0.4
3.8
284.3
287.1
290.6
0.2
1.0
1.0
5.7
5.8
6.7
283.0
285.4
287.2
0.3
0.8
0.6
3.9
2.1
3.9
r5.5
292.2
292.8
293.3
0.6
0.3
0.2
7.2
287.0
286.2
287.6
-0.1
-0.3
3.7
294.1
0.5
288.2
0.2
213.*8
r4.7
r208!i
-0.3
0.5
See note on page 80.
Graphs of these series are shown on pages 48 and 49.
1
Changes are centered within the spans: 1-month changes are placed on the 2d month, 6-month changes are placed on the 4th month, and
1-quarter changes are placed on the 1st month of the 2d quarter.
84
NOVEMBER 1982
OTHER IMPORTANT ECONOMIC MEASURES
PRICES, WAGES, AND PRODUCTIVITY—Continued
BM PRICE
Producer prices, all commodities
Year
and
month
330. Index ©
(1967 = 100)
330c. Change
over 1-month
spans ' ©
(Percent)
MOVEMENTS-Continued
Producer prices, crude materials
Producer prices, industrial commodities
330c. Change
over 6-month
spans ' ©
(Ann. rate,
percent)
335. Index
©
(1967 = 100)
335c. Change
over 1-month
spans * ©
(Percent)
335c. Change
over 6-month
spans l ©
(Ann. rate,
percent)
331. Index
(1967 = 100)
331c. Change
over 1-month
spans l
(Percent)
331c. Change
over 6-month
spans l
(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
239.0
April
May
June
262.8
264.2
265.6
0.3
0.5
0.5
12.5
10.7
271.3
271.9
273.5
1.0
0.2
0.6
12.3
9.5
7.7
283.2
287.5
289.2
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
8.0
8.6
9.8
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
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
April
May
June
293.4
294.1
294.8
1.1
0.2
0.2
8.2
6.2
3.8
July
August
September
296.2
296.4
295.7
0.5
0.1
October
November
December
296.1
295.5
295.8
0.5
0.9
0.1
0.0
2.1
-2.1
1.5
0.6
10.6
16.3
22.8
304.0
318.2
320.3
5.1
4.7
0.7
32.1
31.0
26.8
11.4
13.0
15.5
325.5
329.0
325.7
1.6
1.1
17.2
1.7
1.4
1.3
15.8
15.6
13.3
329.1
332.1
328.4
303.5
304.7
305.1
1.3
0.4
0.1
10.3
7.9
5.3
333.2
333.7
336.9
1.5
0.2
1.0
1.8
1.0
0.7
306.2
307.2
307.4
0.4
0.3
0.1
3.7
3.0
3.2
337.6
334.4
328.4
-0.9
-1.8
1.4
1.5
1.6
309.0
309.3
310.0
0.5
0.1
0.2
3.7
2.9
2.4
322.7
318.1
313.6
-1.7
-1.4
-1.4
311.8
311.6
311.0
0.6
-0.1
-0.2
0.6
0.2
-0.2
1.3
2.1
2.4
rO.4
319.3
317.3
314.7
-0.6
-0.8
298.0
298.6
r299.3
0.0
0.2
rO.2
1.5
1.2
1.0
309.9
309.6
r310.6
-0.4
-0.1
rO.3
0.8
1.2
1.2
320.1
327.4
327.0
-0.1
July
August
September
300.6
300.4
299.5
0.4
-0.1
-0.3
1.3
313.0
313.4
312.9
rO.8
2.9
323.7
321.9
317.0
-1.0
-0.6
-1.5
October
November
December
299.9
0.1
314.7
-0.7
9.9
-2.0
8.9
5.1
-1.0
1981
-0.2
0.1
-0.2
0.1
4.8
2.9
7.0
1.0
0.9
-1.1
5.2
1.4
0.0
0.2
-6.2
-9.1
-13.4
-10.5
-10.0
-8.2
1982
January
February
March
298.3
298.6
298.0
April
May
June
0.8
0.1
314.4
0.1
-0.2
0.5
1.8
-1.6
5.9
8.7
1.7
2.3
2.8
2.9
1.5
-3.3
See note on page 80.
Graphs of these series are shown on page 48.
Changes are centered within the spans: 1-month changes are placed on the 2d month and 6-month changes are placed on the 4th month.
110 NOVEMBER
1982
85
OTHER IMPORTANT ECONOMIC MEASURES
B I
PRICES, WAGES, AND PRODUCTIVITY—Continued
^fl PRICE MOVEMENTS-Continued
Year
and
month
332. Index
(1967 = 100)
332c. Change
over 1-month
spans l
(Percent)
Producer prices, finished consumer goods
Producer prices, capital equipment
Producer prices, intermediate materials
332c. Change
over 6-month
spans l
(Ann. rate,
percent)
333. Index
(1967 = 100)
333c. Change
over 1-month
spans '
(Percent)
333c. Change
over 6-month
spans '
(Ann. rate,
percent)
334. Index
(1967 = 100)
334c. Change
over 1-month
spans '
(Percent)
334c. Change
over 6-month
spans '
(Ann. rate,
percent)
1980
January
February
March
267.1
272.0
273.9
2.5
1.8
0.7
15.0
14.3
14.2
228.2
230.0
232.1
1.4
0.8
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
April
May
June
274.2
276.0
278.5
0.1
0.7
0.9
10.8
9.0
8.5
235.6
236.3
238.1
1.5
0.3
0.8
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
August
September
281.1
284.0
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
258.7
259.6
0.8
0.7
0.3
9.5
8.2
10.5
January
February
March
297.1
298.4
301.5
1.3
0.4
1.0
11.6
10.8
9.4
253.8
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
April
May
June
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
0.8
9.5
9.1
7.8
270.4
270.6
272.0
1.0
0.1
0.5
7.9
6.7
4.6
July
August
September
308.1
309.7
309.8
0.4
0.5
0.0
3.7
3.2
2.8
265.6
267.4
267.8
0.6
0.7
0.1
8.1
8.2
7.7
272.9
273.3
273.9
0.3
0.1
0.2
3.6
4.3
3.6
October
November
December
309.7
310.6
311.1
0.0
0.3
0.2
2.5
0.9
0.2
270.5
272.5
274.1
1.0
0.7
0.6
7.5
5.2
6.0
275.2
276.3
276.9
0.5
0.4
0.2
4.1
3.6
2.5
312.0
311.1
310.1
0.3
-0.3
-0.3
-0.9
-1.2
r-1.0
275.4
274.3
275.7
0.5
-0.4
0.5
4.5
3.7
r4.0
278.5
278.2
277.3
0.6
-0.1
-0.3
1.5
0.4
r2.1
308.3
308.8
r309.6
-0.6
0.2
0.3
-0.6
-0.3
0.5
276.5
277.5
r279.5
0.3
0.4
rO.7
4.3
6.5
4.7
277.3
276.8
r279.8
0.0
0.2
rl.l
2.0
3.5
3.9
July
August
September
311.0
310.7
310.8
rO.5
-0.1
0.0
1.3
281.2
283.1
282.1
rO.6
0.7
-0.4
4.5
281.3
283.0
282.7
rO.5
0.6
-0.1
5.0
October
November
December
310.3
-0.2
282.7
0.2
284.2
0.5
1981
1982
January
February
March
April
May
June
See note on page 80.
Graphs of these series are shown on page 48.
1
Changes are centered within the spans: 1-month changes are placed on the 2d month and 6-month changes are placed on the 4th month.
NOVEMBER 1982
OTHER IMPORTANT ECONOMIC MEASURES
B I
PRICES, WAGES, AND PRODUCTIVITY—Continued
Qj WAGES AND PRODUCTIVITY
Average hourly compensation, all employees,
nonfarm business sector
Average hourly earnings, production workers, private nonfarm economy, adjusted l
Year
and
month
340. Index
(1977 = 100)
340c. Change
over 1 -month
spans 2
(Percent)
Current-dollar compensation
Real earnings
Current-dollar earnings
340c. Change
over 6-month
spans 2
(Ann. rate,
percent)
341. Index
(1977 = 100)
341c. Change
over 1-month
spans 2
(Percent)
341c. Change
over 6-month
spans 2
(Ann. rate,
percent)
345. Index
(1977 = 100)
345c. Change
over 1 -quarter
spans 2
345c. Change
over 4-quarter
spans 2
(Ann. rate,
percent)
(Ann. rate,
percent)
1980
January
February
March
121.7
122.7
124.1
0.3
0.9
1.1
April
May
June
124.6
125.8
127.0
0.5
0.9
1.0
10.2
July
August
September
127.7
128.7
129.4
0.6
0.7
0.6
10.0
10.2
October
November
December
130.7
132.0
132.6
January
February
March
9.4
9.5
9.6
9.9
8.8
94.4
94.0
93.8
-1.1
-0.4
-0.2
-5.1
-4.6
-4.2
125'.9
93.3
93.4
93.4
-0.5
-1.2
-0.3
-0.8
129^0
9.0
93.8
93.8
93.4
1.0
1.0
0.4
9.6
9.8
9.9
133.7
134.8
135.7
0.8
0.8
0.6
April
May
June
136.6
137.6
138.4
July
August
September
October .
November
December
0.1
0.0
0.5
0.0
11.8
10.4
10.4
0.0
10.6
10.4
132.3
-0.5
-0.4
-1.6
93.3
93.2
92.7
-0.1
-0.2
-0.5
-2.2
-2.5
-1.4
135.4
9.1
8.6
8.9
92.8
92.7
92.7
0.2
-0.2
-0.6
-0.4
0.7
0.8
0.6
8.1
8.7
8.7
93.0
93.0
92.9
139.1
140.5
141.4
0.5
1.1
0.6
8.1
8.0
7.6
92.2
92.5
92.1
-0.8
142.0
143.0
143.5
0.4
0.7
0.3
8.6
6.4
5.7
92.1
92.3
92.3
-0.1
January
February
March
144.9
145.0
145.4
1.0
0.1
0.3
6.3
6.6
6.6
92.9
92.8
93.3
April
May
June
146.3
147.7
148.1
0.6
0.9
0.3
5.7
93.7
93.7
93.1
July
August
September
148.9
r!49.9
r!50.0
0.5
0.6
0.1
October
November
December
p!50.6
10.6
9.7
9.7
1981
0.1
0.3
0.0
-0.1
0.3
-0.4
0.3
-0.1
11.8
139.2
9.4
0.6
-1.3
-0.3
-1.3
141.6
-2.0
-1.4
-1.4
144.7
6.9
8.9
9.2
1.6
0.5
2.6
147.*4
3.7
3.0
1.7
150.1
7.8
7.5
7.*6
1982
pO.4
r6.8
r6.5
p5.9
0.7
-0.2
0.6
0.4
0.0
-0.1
-0.7
rl.O
r-0.3
93.0
93.2
-0.1
p-1.5
r93.2
rO.O
p93.0
p-0.2
0.2
7.7
6.*9
5.9
152.3
6.5
154.7
See note on page 80.
Graphs of these series are shown on pages 49 and 50.
1
Adjusted for overtime (in manufacturing only) and interindustry employment shifts.
2
Changes are centered within the spans: 1-month changes are placed on the 2d month, 6-month changes are placed on the 4th month, 1-quarter
changes are placed on the 1st month of the 2d quarter, and 4-quarter changes are placed on the middle month of the 3d quarter.
NOVEMBER 1982
87
OTHER IMPORTANT ECONOMIC MEASURES
B I
PRICES, WAGES, AND PRODUCTIVITY—Continued
HHj WAGES AND PRODUCTIVITY-Continued
Average hourly compensation, all employees,
nonfarm business sector— Continued
Year
and
Negotiated wage and benefit
decisions, all industries ©
348. First year
average changes
Real compensation
346c. Change
over 1-quarter
spans '
346. Index
(1977 = 100)
(Ann. rate,
percent)
346c. Change
over 4-quarter
spans '
(Ann. rate,
percent)
(Ann. rate,
percent)
349. Average
changes over
life of
contract
(Ann. rate,
percent)
Output per hour, all persons, private
business sector
370. Index
(1977 = 100)
370c. Change
over 1-quarter
spans l
370c. Change
over 4-quarter
spans l
(Ann. rate,
percent)
(Ann. rate,
percent)
358. Index of
output per hour,
all persons,
nonfarm
business sector
(1977 = 100)
1980
January
February
March
96*4
April
May
June
95^8
July
August
September
96*3
October
November
December
95*. 7
8.8
-4.1
6.7
-2.2
...
-2.5
10.2
7.4
-L8
2.4
-2.8
-6*6
6!6
0.6
99^3
-6.' 5
98*7
...
A
O
-*t . O
98*2
11.4
7.2
2.6
98.9
8.5
6.1
6! 2
97^6
i.'i
98.4
2!5
99.2
2*2
looii
CL9
ioo!6
n .7/
u
i
nfi. r»U
1UU
2.0
99.* 3
1981
0.4
January
February
March
95^7
April
May
June
95!7
July
August
September
95.1
October
November
December
95." i
-1*2
7.7
7.2
5.6
10CL7
...
...
-0.1
-6's
...
-2.5
11.6
106! 7
10.5
8.1
0.4
-0.3
6!?
0.0
10.8
1.1
101 . 0
11.0
5.8
io6!2
-2.9
-6*4
99*i
rO.4
99.2
1982
4.3
January
February
March
96.' 1
April
May
June
96 !4
July
August
September . . . . . . .
1.3
...
i.'i
p2.1
p5.5
pi. 2
loo'.b
...
-1.0
1.4
P 2.1
99*.4
100 '.3
-1.0
r96*.l
p4.8
p4.9
rioi.'i
r4.2
rlOo'.i
October
November
December
See note on page 80.
Graphs of these series are shown on pages 49 and 50.
Changes are centered within the spans:
on the middle month of the 3d quarter.
1-quarter changes are placed on the 1st month of the 2d quarter and 4-quarter changes are placed
NOVEMBER
1982
OTHER IMPORTANT ECONOMIC MEASURES
C I
LABOR FORCE, EMPLOYMENT, AND UNEMPLOYMENT
Qj CIVILIAN LABOR FORCE AND MAJOR COMPONENTS
Civilian labor force
Year
and
month
441. Total
(Thous.)
442. Employed
(Thous.)
Labor force participation rates
451. Males
20 years
and over
452. Females
20 years
and over
(Percent)
(Percent)
Number unemployed
453. Both
37. Total
sexes, 16-19
years of age
(Percent)
(Thous.)
444. Males
20 years
and over
445. Females
20 years
and over
(Thous.)
(Thous.)
446. Both
447. Fullsexes, 16-19 time
years of age workers
(Thous.)
(Thous.)
448. Number employed
part-time
for economic
reasons
(Thous.)
1980
January
February
March
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
April
May
June
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
January
February
March
108,879
109,165
109,346
99,581
99,590
99,492
78.5
78.5
78.5
52.1
52.2
52.4
54.2
54.6
53.8
9,298
9,575
9,854
4,322
4,351
4,548
3,104
3,286
3,435
1,872
1,938
1,870
7,805
7,897
8,355
5,071
5,563
5,717
April
May
June
109,648
110,666
110,191
99,340
100,117
99,764
78.7
79.1
78.8
52.4
52.8
53.0
54.3
55.7
52.4
10,307
10,549
10,427
4,742
4,904
5,031
3,586
3,608
3,554
1,979
2,037
1,842
8,601
8,717
8,873
5,834
5,763
5,444
July
August
September
110,522
110,644
110,980
99,732
99,839
99,720
78.8
78.7
79.1
53.2
53.1
52.9
53.1
54.2
54.5
10,790
10,805
11,260
5,088
5,139
5,579
3,684
3,626
3,656
2,018
2,040
2,025
8,942
9,067
9,599
5,492
5,648
6,600
October
November
December
110,644
99,093
78.9
52.6
54.1
11,551
5,733
3,787
2,030
9,987
6,574
1981
1982
See note on page 80.
Graphs of these series are shown on page 51.
NOVEMBER 1982
OTHER IMPORTANT ECONOMIC MEASURES
GOVERNMENT ACTIVITIES
£9 DEFENSE INDICATORS
Q| RECEIPTS AND EXPENDITURES
Federal Government l
Year
and
month
State and local governments l
Advance measures of defense activity
500. Surplus
or deficit
501. Receipts
502. Expenditures
510. Surplus
or deficit
511. Receipts
512. Expenditures
(Ann. rate,
bil. dol.)
(Ann. rate,
bil. dol.)
(Ann. rate,
bil. dol.)
(Ann. rate,
bil. dol.)
(Ann. rate,
bil. dol.)
(Ann. rate,
bil. dol.)
517. Defense
Department
gross obligations incurred
525. Defense
Department
military prime
contract
awards
543. Defense
Department
gross unpaid
obligations
outstanding
548. Value of
manufacturers'
new orders,
defense
products
(Mil. dol.)
(Mil. dol.)
(Mil. dol.)
(Mil. dol.)
1980
January
February
March
-39!)
525'.7
565!4
29!l
374*. 5
345 '.3
12,578
12,399
13,806
5,491
6,839
5,887
71,178
71,665
73,179
3,583
3,680
4,741
April
May
June
-67.*5
520.' 2
587.' 7
23!3
376.' 6
353!3
13,722
13,718
12,809
6,944
6,901
6,450
73,912
74,252
74,592
4,489
3,724
4,230
July
August
September
-73." i
542 '.4
eis'.i
27!l
389! 3
362. '2
12,677
13,728
13,552
6,211
7,188
6,893
74,870
75,133
76,745
5,839
4,128
5,483
October
November
December
-65 ".2
574.' 6
639!9
33.' 6
40313
37CL3
13,014
12,876
15,825
5,639
6,773
9,835
77,777
78,183
79,936
3,963
3,770
5,122
January
February
March
-39^7
620*.6
659.7
3L3
4l6'.0
378!6
14,808
15,741
15,560
7,155
7,514
7,590
82,087
83,608
84,883
4,341
5,340
4,198
April
May
June
-40.5
627*.6
667^5
32*.9
415.2
382.2
15,210
15,699
15,156
8,505
7,967
7,041
84,994
85,165
86,126
4,153
4,842
4,680
July
August
September
-58!6
64CK2
698 .*2
33!5
42CL3
386.9
16,836
17,374
16,584
8,845
9,504
9,325
87,968
89,857
91,896
5,010
5,010
5,927
October
November
December
-101!?
62517
lilA
29.' 1
421.'5
392!i
12,892
15,674
19,805
4,466
9,817
9,049
91,354
92,575
93,827
4,109
5,003
5,644
January
February
March
-usii
609.9
728*. 3
27*.7
424 '.2
396 ! 5
19,361
20,608
18,869
9,756
13,761
9,870
98,818
102,677
105,418
6,573
7,213
7,065
April
May
June
-119.*6
617.*6
7 36'. 6
32!l
434.3
402.2
20,793
17,786
17,503
10,518
9,657
14,296
108,428
108,841
109,654
6,174
4,775
5,437
p-153.1
p613.4
r766.5
p32.5
p440.6
r408.1
17,669
16,448
p!8,387
8,610
8,928
110,885
110,787
111,857
4,684
5,314
r4,335
1981
1982
July
August
September
October
November
December
(NA)
(NA)
(NA)
See note on page 80.
Graphs of these series are shown on pages 52 and 53.
1
Based on national income and product accounts.
90
NOVEMBER 1982
p4,675
OTHER IMPORTANT ECONOMIC MEASURES
GOVERNMENT ACTIVITIES—Continued
JQ DEFENSE INDICATORS-Continued
National defense
purchases
Intermediate and final measures of defense activity
Year
and
month
557. Output of
defense and
space equipment
559. Manufacturers' inventories, defense
products
561. Manufacturers' unfilled
orders, defense
products
580. Defense
Department
net outlays
(1967 = 100)
(Mil. dol.)
(Mil. dol.)
(Mil. dol.)
588. Manufacturers' shipments, defense
products
570. Employment in defense products
industries
(Mil. dol.)
(Thous.)
Defense Department
personnel
577. Military,
active duty (u)
578. Civilian,
direct hire
employment (u)
(Thous.)
(Thous.)
564. Federal
purchases of
goods and
services
(Ann. rate,
bit. dol.)
565. Federal
purchases as
a percent of
GNP
(Percent)
1980
January
February
March
97.2
97.6
97.4
8,448
8,504
8,849
48,917
49,594
51,293
10,900
10,652
11,358
2,829
3,003
3,042
1,346
1,352
1,358
2,029
2,032
2,033
964
965
966
126." 8
4*9
April
May
June
97.6
97.4
97.7
9,012
9,177
9,319
52,708
53,276
54,378
11,188
11,061
11,537
3,074
3,157
3,127
1,360
1,364
1,365
2,028
2,031
2,034
969
975
988
130 .'6
s'i
July
August
September
97.9
97.7
98.1
9,604
9,917
9,966
57,023
58,009
60,068
11,193
11,425
11,993
3,194
3,141
3,424
1,367
1,373
1,377
2,044
2,049
2,051
990
973
971
130*5
4*9
October
November
December
99.2
100.3
101.0
10,238
10,298
10,535
60,597
60,863
62,544
12,193
12,224
11,992
3,433
3,504
3,440
1,382
1,386
1,388
2,053
2,056
2,051
971
972
973
i38.i
5*6
January
February
March
100.9
100.5
100.7
10,918
11,154
11,406
63,458
65,143
65,468
12,639
12,932
12,619
3,427
3,655
3,873
1,391
1,388
1,390
2,056
2,061
2,062
973
972
974
143.1
5*.6
April
May
June
101.5
102.0
101.7
11,627
11,760
12,155
65,852
66,940
67,758
12,833
13,433
13,264
3,768
3,754
3,863
1,393
1,393
1,394
2,060
2,064
2,070
980
990
1,008
150*5
5*2
July
August
September
102.6
102.8
103.0
12,163
12,217
12,492
68,799
69,711
71,650
13,889
13,809
14,014
3,968
4,099
3,988
1,394
1,396
1,396
2,082
2,084
2,083
1,023
1,017
984
154*4
5*2
October
November
December
104.5
105.3
107.0
12,618
12,962
33,154
71,701
72,560
73,919
14,227
14,548
15,298
4,057
4,145
4,285
1,391
1,384
1,389
2,090
2,097
2,093
998
1,006
1,009
166 '.9
5*6
January
February
March
105.2
106.5
107.0
13,334
13,598
13,857
76,490
79,329
81,905
14,152
14,689
15,075
4,002
4,374
4,490
1,385
1,378
1,376
2,104
2,109
2,107
1,008
1,013
1,018
166.* 2
5.5
April
May
June
107.2
107.7
107.6
13,946
14,029
14,227
83,808
83,914
84,530
15,670
15,379
15,334
4,271
4,669
4,821
1,373
1,369
1,367
2,106
2,104
2,108
1,022
1,028
1,045
176*2
5*8
July
August
September
r!09.5
r!09.1
rllO.7
14,205
14,459
14,869
84,413
85,081
r84,557
16,312
15,050
r!6,881
4,800
4,647
r4,859
1,368
1,358
pi, 360
2,110
2,109
2,109
1,051
1,043
p990
r!82.'2
5*9
October
November
December
pill. 3
(NA)
p84,242
p!5,874
p4,988
p2,108
(NA)
1981
1982
See note on page 80.
Graphs of these series are shown on pages 54 and 55.
NOVEMBER 1982
(NA)
OTHER IMPORTANT ECONOMIC MEASURES
U.S. INTERNATIONAL TRANSACTIONS
Q| MERCHANDISE TRADE
Year
and
month
602. Exports, excluding
military aid shipments,
total
604. Exports of agricultural products
(Mil.dol.)
(Mil.dol.)
606. Exports of nonelectrical machinery
612. General imports,
total
616. Imports of
automobiles and parts
(Mil.dol.)
(Mil.dol.)
(Mil.dol.)
614. Imports of
petroleum and
petroleum products
(Mil.dol.)
1980
January
February
March
17,419
16,984
18,265
3,442
3,484
3,325
3,297
3,454
3,423
21,181
21,834
24,866
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
19,831
20,658
20,427
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
19,189
19,719
19,934
5,153
6,018
4,982
2,103
2,139
2,270
October
November
December
19,217
18,715
19,251
3,485
3,464
3,838
4,117
3,968
3,819
20,327
19,856
21,427
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
January
February
March
18,737
18,704
18,602
3,258
3,590
3,225
4,346
4,054
3,997
22,829
19,090
20,349
6,810
4,396
4,290
2,389
2,135
2,596
April
May
June
17,843
18,218
18,822
3,400
3,527
3,332
3,932
3,957
4,211
17,387
20,558
21,310
3,560
4,027
4,823
2,264
2,896
2,679
July
August
September
18,026
17,498
17,387
2,789
2,763
2,648
4,305
3,856
4,197
19,559
23,494
20,644
5,929
5,913
4,699
2,439
2,993
2,353
(NA)
(NA)
(NA)
(NA)
1981
1982
October
November
December
(NA)
(NA)
See note on page 80.
Graphs of these series are shown on page 56.
92
NOVEMBER
1982
OTHER IMPORTANT ECONOMIC MEASURES
E
U.S. INTERNATIONAL TRANSACTIONS—Continued
Q GOODS AND SERVICES MOVEMENTS (EXCLUDING TRANSFERS UNDER MILITARY GRANTS)
Merchandise, adjusted l
Goods and services
Year
and
month
667. Balance
668. Exports
(Mil. dol.)
(Mil. dol.)
669. Imports
(Mil. dol.)
622. Balance
(Mil. dol.)
618. Exports
(Mil. dol.)
Income on investments
620. Imports
(Mil. dol.)
651. U.S. investments abroad
(Mil. dol.)
652. Foreign
investments in
the United
States
(Mil. dol.)
1980
January
February
March
37
85,277
85,240
-9,679
54,752
64,431
19,944
10,505
306
82,949
82,643
-6,520
55,843
62,363
16,016
10,268
July
August
September
4,824
85,385
80,561
-3,949
55,786
59,735
17,848
10,485
October
November
December
3,13i
88,491
85,360
-5,190
57,856
63,046
18,877
n.sis
January
February
March
4,667
93,280
88,6i3
-4,3i2
60,683
64,995
20,528
12,405
April
May
June
2,909
94,389
91,480
-6,547
60,284
66,831
21,642
13,441
July
August
September
2,559
92,965
90,406
-7,845
57,694
65,539
22,048
13,865
October
November
December
943
92,259
91,3i6
-9,i85
57,593
66,778
21,727
13,198
3,136
90,206
87,070
-5,873
55,780
61,653
20,890
14,029
p3,794
p91,286
p87,492
p-5,784
p55,094
p60,878
p22,709
p!5,036
p-13,125
p51,770
p64,895
April
May
June
1981
1982
January
February
March
April
May
June
July
August
September
(NA)
(NA)
(NA)
(NA)
(NA)
October
November
December
See note on page 80.
Graphs of these series are shown on page 57.
Balance of payments basis: Excludes transfers under military grants and Department of Defense sales contracts (exports) and Department of
Defense purchases (imports).
NOVEMBER 1982
9-
OTHER IMPORTANT ECONOMIC MEASURES
F I
INTERNATIONAL COMPARISONS
Qj INDUSTRIAL PRODUCTION
47. United States,
index of industrial production
Year
and
month
(1967 = 100)
721. OECD 1
European countries, index of
industrial
production
728. Japan,
index of industrial production
725. West
Germany, index
of industrial
production
726. France,
index of industrial production
722. United
Kingdom, index
of industrial
production
(1967 = 100)
(1967 = 100)
(1967 = 100)
(1967 = 100)
(1967 = 100)
727. Italy, index
of industrial
production
(1967 = 100)
723. Canada,
index of industrial production
(1967 = 100)
1980
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
August
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
156
235.7
232.6
236.4
160
157
156
159
157
163
118
117
117
163.2
169.5
159.4
162.0
162.7
163.1
January
February
March
151.4
151.8
152.1
154
159
158
237.2
237.0
237.7
156
164
160
156
159
157
116
117
117
158.6
170.3
169.3
160.7
163.8
166.2
April
May
June
151.9
152.7
152.9
156
156
155
238.0
235.2
240.7
160
160
156
156
159
160
117
116
118
168.4
158.0
159.8
166.2
168.4
169.8
July
August
September
153.9
153.6
151.6
152
156
243.1
240.7
245.6
157
157
160
157
157
160
118
118
120
165.2
137.2
164.1
165.9
163.0
160.6
October
November
December
149.1
146.3
143.4
158
158
156
248.3
248.4
247.1
160
157
156
160
160
163
r!21
120
118
160.2
170.8
160.3
158.3
155.6
153.6
January
February
March
140.7
142.9
141.7
156
159
158
245.8
244.0
247.1
160
161
163
156
156
157
118
118
120
r!61.7
r!73.4
r!68.5
152.2
151.8
150.0
April
May
June
140.2
139.2
138.7
158
156
154
242.6
238.3
244.1
161
160
154
156
159
159
120
120
118
167.5
161.8
153.3
147.7
150.0
145.9
July
August
September
138.8
r!38.4
r!37.4
p!52
(NA)
245.0
p244.3
(NA)
149
154
p!49
153
p!53
(NA)
r!18
p!20
(NA)
157.6
P137.2
(NA)
141.5
p!45.1
(NA)
October
November
December
p!36.3
1981
r!58
1982
(NA)
See note on [
Graphs of these series are shown on page 58.
Organization for Economic Cooperation and Development.
94
NOVEMBER 1982
OTHER IMPORTANT ECONOMIC MEASURES
F I
INTERNATIONAL COMPARISONS—Continued
Q CONSUMER PRICES
Year
and
month
320. Index <u)
320c. Change
over 6-month
spans '
738. Index ©
738c. Change
over 6-month
spans l
735. Index ®
United Kingdom
France
West Germany
Japan
United States
735c. Change
over 6-month
spans l
736. Index <u)
736c. Change
over 6-month
spans l
732. Index <g)
732c. Change
over 6-month
spans '
(1967 = 100)
(Ann. rate,
percent)
(1967 = 100)
(Ann. rate,
percent)
(1967 = 100)
(Ann. rate,
percent)
(1967 = 100)
(Ann. rate,
percent)
(1967 = 100)
(Ann. rate,
percent)
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
April
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
August
September
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
October
November
December
253.9
256.2
258.4
11.8
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
445.5
449.5
456.2
13.0
12.1
11.6
April
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
469.4
472.4
475.2
12.5
12.1
10.7
July
August
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
11.8
12.5
October
November
December
279.9
280.7
281.5
7.2
6.0
3.2
300.7
299.8
299.8
4.0
3.3
2.4
189.2
190.1
190.7
6.3
4.8
3.5
347.1
350.3
352.4
13.9
13.6
13.0
487.9
493.0
496.1
11.5
9.9
10.0
January
February
March
282.5
283.4
283.1
2.8
3.7
5.1
300.7
299.8
300.4
1.9
0.5
0.1
192.3
192.8
193.1
3.0
3.5
4.9
356.0
359.6
363.8
13.0
12.0
12.0
499.0
499.1
503.5
8.4
7.3
6.0
April
May
June
284.3
287.1
290.6
5.7
5.8
6.7
302.9
303.8
303.8
-0.5
2.9
4.0
194.0
195.2
197.1
4.9
5.4
6.3
368.2
371.1
373.7
9.9
8.2
7.2
513.6
517.3
518.9
6.0
6.0
4.7
July
August
September
292.2
292.8
293.3
7.2
301.5
303.8
309.1
(NA)
197.6
197.3
197.9
6.8
374.7
375.9
377.5
(NA)
518.9
519.0
518.7
5.3
October
November
December
294.1
1980
1981
1982
(NA)
198.5
(NA)
521.3
See note on page 80.
Graphs of these series are shown on page 59.
Changes over 6-month spans are centered on the 4th month.
NOVEMBER 1982
95
OTHER IMPORTANT ECONOMIC MEASURES
INTERNATIONAL COMPARISONS—Continued
Qj CONSUMER PRICES-Continued
Year
and
month
Qj STOCK PRICES
Italy
Canada
737. Index © 737c. Change
over 6-month
spans l
733. Index ® 733c. Change
over 6-month
spans '
19. United
States, index
of stock
prices, 500
common
stocks ©
748. Japan,
index of
stock
prices ©
745. West
Germany,
index of
stock
prices ©
746. France,
index of
stock
prices ®
742. United
Kingdom,
index of
stock
prices ©
747. Italy,
index of
stock
prices ©
743. Canada,
index of
stock
prices ©
(1967 = 100)
(1967 = 100)
(1967 = 100)
(Ann. rate,
percent)
(1967 = 100)
(Ann. rate,
percent)
(1967 = 100)
(1967 = 100)
(1967 = 100)
(1967 = 100)
(1967 = 100)
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
15.6
283.0
285.4
286.7
10.6
10.9
11.2
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
January
February
March
517.7
524.4
529.1
13.8
13.6
13.1
288.7
292.1
295.8
10.5
11.4
11.4
127.6
124.6
120.6
518.9
516.9
486.2
116.8
11-8.4
120.1
185.7
193.1
145.9
291.1
300.1
298.8
95.0
98.8
104.2
185.3
176.7
173.1
April
May
June
533.9
539.8
545.2
15.9
19.0
18.7
297.5
301.5
304.5
11.1
10.2
9.5
126.5
126.6
119.7
484.5
503.4
489.6
120.6
117.6
114.2
184.8
183.3
166.3
303.2
315.4
314.6
96.7
91.0
83.1
171.2
168.4
153.8
July
August
September
553.4
563.4
571.3
20.6
306.1
307.6
309.2
9.4
119.0
119.3
133.2
480.8
474.3
481.6
113.5
112.3
115.6
161.1
169.3
rp!78.2
313.2
320.1
rp 344.1
78.4
86.1
85.8
156.8
177.4
177.3
October
November
December
582.7
144.3
p!53.0
490.4
p516.7
118.2
pllS.2
rpl81.8
p!85.0
rp361.4
p375.0
p85.1
p85.1
1980
1981
1982
311.2
See note on page 80.
Graphs of these series are shown on page 59.
Changes over 6-month spans are centered on the 4th month.
96
NOVEMBER 1982
rp!88.3
P201.1
C. Historical Data for Selected Series
Year
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
IQ
II Q
48. EMPLOYEE HOURS IN NON AGRICULTURAL ESTABLISHMENTS
(ANNUAL RATE, BILLIONS OF EMPLOYEE HOURS)
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. . .
93.57
92.44
89.16
98.69
100.52
103.81
100.48
101.24
106.88
107.71
104.90
106.43
110.00
107.72
109.91
113.23
114.80
120.96
126.60
131.41
132.44
137.62
139.91
137.97
141.16
146.64
151.12
147.82
151.04
152.19
158.99
167.94
171.55
171.34
48-C.
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. . .
IV Q
94.00
89.41
95.67
99.44
100.75
103.32
99.36
105.13
107.01
107.48
103.16
108.37
109.65
109.41
113.24
115.28
118.23
123.54
129.72
131.85
135.84
140.21
137.31
138.38
144.02
150.06
151.41
146.75
151.71
158.09
165.78
170.56
168.18
169.78
93.58
88.43
97.17
99.56
103.29
102.41
100.64
106.38
108.29
105.77
104.84
108.62
108.43
1.10.54
113.23
115.88
119.66
125 .37
130.73
132.73
136.59
140.50
137.29
139.36
145.69
150.94
149.92
148.46
152.56
159.45
167.39
170.57
169.58
169.05
93.48
91.28
90.40
99.38
100.48
104.67
100.59
103.11
106.67
108.22
102.80
107.65
109.78
107.82
112.02
92.60
90.94
90.99
99.95
100.02
104.59
100.13
103.21
107.38
107.63
101.83
108.57
110.32
107.65
112.58
93.11
90.41
92.32
99.75
100.46
104.06
99.67
104.41
107.12
107.65
102.04
108.94
110.03
108.27
112.80
93.84
89.69
93.32
99.74
99.70
104.19
99.69
104.58
107.39
107.56
102.14
109.42
109.89
108.91
112.90
94.06
89.32
94.33
99.71
99.19
104.05
99.45
104.80
106.10
107.61
102.45
109.08
109.89
109.29
112.94
94.00
89.37
96.34
99.42
100.72
103.35
99.26
104.98
107.39
107.64
103.01
108.18
109.81
109.70
113.22
93.93
89.54
96.33
99.19
102.35
102.57
99.36
105.62
107.53
107.19
104.03
107.84
109.24
109.24
113.57
93.55
87.91
96.89
99.16
102.80
103.29
99.79
105.89
108.08
106.06
104.07
107.71
108.99
110.06
113.09
93.65
88.48
97.44
99.60
103.12
102.29
100.93
106.46
108.23
105.72
105.03
108.20
109.52
110.87
113.38
93.53
88.89
97.19
99.93
103.94
101 .66
101.20
106.80
108.56
105.54
105.42
109.95
106.79
110.68
113.21
93.34
91.92
89.43
99.02
100.67
104.27
100.64
102.07
106.88
108.15
103.61
106.91
109.97
107.78
111.10
93.18
90.35
92.21
99.81
100.06
104.28
99.83
104.07
107.30
107.61
102.00
108.98
110.08
108.28
112.76
116.59
121.64
127.74
130.70
133.68
137.82
139.97
137.34
141.86
147.91
151.55
146.29
150.70
154.79
160.51
168.31
171.45
170.20
116.75
122.06
128.42
130.61
133.61
138.52
140.26
137.84
142.06
148.61
151.22
145.31
150.49
154.74
117.43
122.11
128.38
130.55
133.76
138.72
139.83
137.95
142.87
148.82
149.09
145.37
149.63
155.41
117.47
122.87
128.58
130.92
134.48
139.38
139.07
138.33
142.93
149.19
151.73
145.76
151.29
156.49
117.72
122.76
129.53
131.23
134.97
139.58
118.06
123.13
129.49
131.43
135.52
139.83
118.31
123.62
129.86
131.77
135.86
140.33
118.31
123.88
129.80
132.34
136.14
140.46
118.72
124.60
130.44
132.07
136.46
140.56
119.67
125.36
130.76
133.02
136.42
140.20
120.60
126.16
130.98
133.11
136.90
140.73
138.56
143.53
149.52
151.58
145.31
151.07
157.08
138.09
143.25
149.87
151.43
145.59
151.61
157.65
138.63
143.92
150.01
151.33
147.13
151.52
157.95
138.41
144.89
150.29
151.47
147.54
152.00
158.67
138.02
144.96
•149.81
151.91
147.80
152.00
159.29
169.54
170.58
170.77
165.99
169.68
169.57
169.38
168.95
170.80
170.30
168.24
170.70
170.48
167.36
171.04
170.43
168.22
170.96
170.76
168.95
167.34
170.42
169.31
169.73
139.80
146.00
151.57
149.78
148.37
152.56
159.58
167.87
170.42
169.19
168.76
140.26
146.10
151.44
148.06
149.22
153.13
159.49
167.92
170.87
170.24
168.66
116.05
121.55
127.59
130.91
133.24
137.99
140.05
137.72
141 .69
147.72
151.30
146.47
150.74
153.91
160.54
168.60
171.19
170.77
117.54
122.58
128.83
130.90
134.40
139.23
139.22
138.28
143.11
149.18
150.80
145.48
150.66
156.33
164.39
168.56
168.96
170.36
-1.5
5.7
-3.0
4.0
10.0
-7.1
3.3
3.9
3.7
-2.0
4.5
21.2
-26.1
-2.0
-1.8
-0.3
9.7
0.7
-9.2
7.7
9.6
2.4
2.9
-3.9
7.9
-0.4
-1.0
-9.8
8.8
-0.6
4.0
5.4
1 .0
3.9
2.0
-6.8
13.6
1 .5
-2.9
-1.8
-3.5
6.0
2.8
-2.4
-2.4
6.8
0.5
4.2
3.2
5.1
3.4
0.4
-0.6
14.2
-2.2
11.8
-6.0
-1.3
4.1
1.2
-1.3
7.7
-5.6
-2.3
1 .3
2.4
2.3
2.0
-1 .6
-2.0
3.7
3.0
6.4
-3.1
7.7
4.6
3.9
-5.9
5.5
8.5
-7.6
5.5
-1.2
1 .0
8.0
3.6
2.0
4.2
3.1
-4.2
2.1
4.3
2.5
2.2
0.8
3.4
3.5
2.6
-10.9
-0.4
4.0
2.1
-0.3
3.7
2.5
2.3
0.8
11.5
5.8
3.5
3.4
-8.3
CHANGE IN EMPLOYEE HOURS IN NONAGRICULTURAL ESTABLISHMENTS OVER 1-MONTH SPANS
(COMPOUND ANNUAL RATE, PERCENT)
6.9
-9.5
25.2
4.8
-6.0
3.9
-3.2
15.6
-4.6
-3.2
-3.9
-10.7
-4.4
8.1
7.1
-5.4
-0.9
-5.4
1.2
8.3
-6.3
-10.8
6.8
-6.8
19.0
-2.4
5.4
-5.9
-5.4
14.9
-2.9
0.2
2.5
9.8
-9.1
13.8
-0.1
-8.7
1.5
0.2
2.0
3.1
-1.0
1 .2
2.8
-4.8
13.8
-0.4
-6.0
-1.6
-2.9
2.6
-13.5
0.6
3.7
-0.8
0.7
28.8
-3.4
20.2
-7.8
-2.3
2.1
15.6
0.3
6.8
-0.9
2.3
-0.1
-2.7
21.2
-8.7
1.2
7.6
1.6
-4.9
12.6
-4.7
-19.8
7.2
-0.4
5.4
8.8
5.3
3.1
6.3
-11.9
0.5
1.5
1.0
17.0
1.8
20.4
7.0
11.4
-6.3
-3.9
0.1
7.3
1.1
1.7
4.2
6.6
-0.8
6.1
-1.9
6.2
-3.1
7.1
2.4
-1.5
7.3
1.1
0.0
4.3
0.4
-0.9
4.6
3.0
-6.1
-4.9
3.8
7.2
0.5
-0.4
-0.5
0.4
7.7
1.9
3.5
2.6
-1.1
9.2
2.9
3.5
3.7
-0.4
1.8
2.6
4.9
3.5
3.1
0.0
2.6
-0.6
5.3
-2.7
9.4
-5.0
3.9
4.2
1.3
8.1
7.0
5.5
3.8
-11.0
14.6
6.7
1.7
-3.8
11.6
5.6
6.0
9.2
3.1
-0.6
10.0
6.1
-2.4
3.0
9.0
2.0
0.8
6.5
-6.8
1.8
8.0
4.5
-2.5
-1.9
15.7
-7.1
-3.7
0.1
4.9
8.0
-19.4
1.8
0.5
-5.3
6.1
10.9
3.5
-11.7
-2.7
22.5
12.1
6.3
2.5
4.5
1.7
5.8
-2.6
-7.7
-1.7
-0.4
12.8
9.1
-5.9
4.1
-6.9
1.7
-3.6
1.0
7.1
1.7
-15.7
5.9
-6.3
3.4
0.5
3.0
23.4
1.7
-2.7
2.0
5.2
2.7
-1.2
2.2
2.5
-4.0
-2.3
2.8
-1.2
4.4
-4.2
4.8
5.8
1.1
-0.8
1.1
-30.9
-1.9
8.4
2.3
1.1
0.9
30.0
-3.3
0.6
-3.8
3.5
-3.0
-4.5
16.6
9.0
15.0
-15.6
4.6
9.0
4.0
0.8
-1.0
-12.9
7.4
-1.0
1.8
4.9
-1.3
0.3
5.3
7.1
-0.5
-6.6
5.3
13.9
-22.4
-6.2
-8.1
-4.8
14.2
8.7
1.5
27.5
-5.0
9.1
5.6
-1.7
4.6
7.9
4.4
4.4
3.0
3.9
5.6
1.8
0.0
4.8
2.6
4.5
2 .2
4.6
-0.7
3.8
5.0
2.0
6.2
2.5
4.1
3.0
2.1
-4.9
-0.7
-10.0
-6.1
2.4
-2.6
-0.7
2.3
1.5
-0.4
6.3
-0.6
-3.9
5.3
-22.6
-1.2
2.6
18.6
-5.7
-0.8
-6.6
7.7
-0.7
-0.6
1.5
0.0
-5.4
0.1
-3.1
1 .1
1.8
-6.9
-2.6
0.3
3.2
3.8
0.7
-3.8
-2.6
-0.3
-1.9
9.2
-3.9
-0.5
3.1
6.8
-6.0
6.8
-5.7
7.7
5.7
-4.8
3.1
-0.1
-0.1
6.8
6.7
3.2
2.4
CHANGE IN EMPLOYEE HOURS IN NONAGRICULTURAL ESTABLISHMENTS OVER 3-MONTH SPANS
(COMPOUND ANNUAL RATE, PERCENT)
-2.9
5.8
-7.4
0.7
3.0
-4.0
6.9
5.8
-3.5
7.6
5.6
4.0
-10.4
5.9
3.8
7.0
2.0
3.5
-3.7
1.2
-2.8
-1.6
-3.6
-6.0
5.5
8.1
8 7
5.4
-4.3
9.4
8.8
4 g
-0.5
-0.2
-10.2
7.8
2.7
-0.8
-1.9
-1.4
5.8
-0.5
4.0
2.8
3.8
1.0
8.0
7.6
3.7
2.3
-3.8
7.8
6.6
3.0
1.1
1.7
5.1
5.2
7.0
-1.3
4.1
2.9
3.3
3.2
1.8
3.1
-2.3
6.0
-4.5
-2.1
3.1
1.5
2.3
2.4
3.7
2.6
2.7
-0.4
-5.0
3.4
0.8
10.6
5.5
-1.8
1.9
9.4
4.1
-0.7
0.6
4.2
-4.0
3.4
2.8
4.2
5.2
0.0
2.3
-5.0
3.1
-8.7
4.6
3.0
2.1
4.7
0.3
3.1
3.2
3.5
-10.3
9.1
0.5
-0.8
3.8
2.7
4.9
-9.3
6.2
-2.0
-7.6
2.0
6.3
7.4
0.1
-0.9
-0.1
0.8
3.6
-3.0
1.8
2.8
3.0
2.6
-0.3
2.9
5.5
7.0
5.2
-5.5
1.6
-2.7
2.5
-6.2
0.1
3.8
1.4
0.0
5.4
1.4
4.0
2.7
1 .2
1.6
-3.4
-3.9
-9.3
7.0
9.3
-6.3
8.5
5.2
-6.9
17.2
3.1
-6.8
13.6
1.5
-6.9
15.5
-1.0
-4.5
18.6
-1.3
-0.7
13.5
-2.2
-6.2
-2.2
4.8
-5.5
3 .8
2.4
1.0
-9.4
6.3
7.4
-6.1
1.8
0.1
2.5
6.7
7.8
-0.2
2.0
4.2
-0.7
1.6
6.0
5.3
-0.1
-9.0
6.4
6.0
2.4
1.1
2.4
2.4
0.4
2.8
-4.1
7.8
-0.5
-1.2
-10.0
8.7
-0.6
3.9
4.9
1.0
3.2
4.9
7.4
-1.1
1.5
4.8
-1.3
0.2
5.2
7.1
-0.6
-7.2
3.4
4.3
6.8
3.9
-0.7
1.3
-1.7
3.0
-1.4
8.0
1.9
-0.3
-11.2
8.3
1 2
-0.3
10.1
4.0
9.5
3.9
5.7
-2.6
4.0
3.2
-0.2
-0.1
4.9
6.1
-5.3
-6.5
-3.7
8.7
12.9
-4.6
-4.3
-4.1
3.8
-1.1
-4.6
10.4
0.1
-3.1
-4.2
8.9
-1 .8
-3.5
5.8
-2.0
-2.7
6.3
-0.1
2.5
1.9
-6.1
-1.3
4.0
0.5
-1.4
7.6
-5.7
-2.9
1 .4
4.2
-2.4
-2.5
6.7
-5.6
6.5
-4.9
-6.9
8.1
0.1
1.7
4.1
6.2
-2.7
-1 .6
2.2
1 .0
0.0
3.9
-2.8
-0 8
5.4
1.2
2.8
4.3
4.5
3.1
4.1
2.7
0.7
2.4
4.6
-2.5
2.9
3.1
3.5
0.5
-1.4
1.6
4.5
9.3
2.6
-5.7
1 .4
-2.2
5.1
3.4
2.3
3.5
1.9
4.1
3.1
-4.2
2.1
4.2
2.5
1 .0
0.0
1 .6
6.2
7.7
1 .8
-5.4
-0.2
-3.3
2.7
2.2
1.8
2.9
2.3
2.0
2.9
2.3
2.4
4.7
3.5
2.7
5.4
3.2
-2.2
0.4
1.1
2.9
6.4
0.6
5.4
5.9
4.1
11.3
-5.4
3.5
-2.5
4.0
2.6
4.2
2.8
-1.5
0.9
2.8
2.2
-1 .1
3.8
0.6
3.8
4.1
2.5
-1.7
0.4
-5.5
0.8
3.4
3.5
2.5
-12.1
-0.4
3.8
2.1
-0.3
6.3
2.5
4.1
2.1
1.1
1.7
-7.6
-2.6
3.0
2.0
2.8
2.1
-4.9
-0.2
4.9
-0.2
1 .3
6.2
1 .0
4.2
2.0
-0.1
4.7
-3.0
-3.6
-3.9
NOTE: These series contain revisions beginning with 1976. Percent changes are centered within the spans: 1-month changes are placed on the 2d month
and 3-month changes are placed on the 3d month. Quarterly and annual figures are averages of the centered changes.
0.3
-4.6
9.8
3.0
4.4
-2.0
-0.3
5.7
1.9
-2.6
0.3
4.6
-2.5
3.8
2.5
2.4
4.3
4.6
3.9
1.7
2.9
2.8
-1.2
2.0
4.2
3 .8
-1.7
1.0
2.8
4.4
5.4
2.3
-0.2
-0.4
AVERAGE FOR PERIOD
2.9
-6.9
-6.7
1 .1
6.5
93.52
90.03
93.62
99.46
101.19
103.57
100.12
104.41
107.37
107.25
103.40
108.22
109.53
109.00
112.58
114.79
117.87
123.26
129.22
131.60
135.02
139.48
138.46
138.43
143.63
149.47
150.86
146.79
151.42
156.94
164.52
169.57
169.48
169.99
AVERAGE FOR PERIOD
-7.5
-5.1
-5.8
3.7
5.9
6.3
4.6
7.7
2.4
9.3
-18.4
-0.7
-7.7
26.4
Annual
AVERAGE FOR PERIOD
92.96
92.04
88.72
98.99
101.00
104.34
100.86
101.87
107.09
108.51
103.14
106.64
110.14
107.81
111.36
2.6
-13.1
3.7
20.2
7.3
-1.5
-13.1
0.5
0.9
-9.0
-7.0
12.1
0.5
11.0
-8.0
0.2
-10.3
3.6
4.3
4.0
48-C.
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. . .
III Q
-0.5
2.5
6.1
4.7
3.6
-7.7
5.7
2.1
1.8
4.6
1 .0
3.4
-3.7
0.0
-4.6
10.2
2.4
3.8
-2.0
-0.2
5.6
1.4
-2.5
0.5
3.7
-1.2
2.3
2.6
2.0
4.3
4.7
4.0
1.4
3.1
2.4
-1.8
2.1
4.2
3.5
-1.8
0.8
2.1
4.4
5.4
1.9
-0.3
-1.4
(NOVEMBER 1982)
97
C. Historical Data for Selected Series—Continued
Year
Jan.
Feb.
Mar.
Apr.
May
June
July
Sept.
Aug.
Oct.
Nov.
Dec.
IQ
54. SALES OF RETAIL STORES IN CURRENT DOLLARS1
(MILLIONS 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. . .
10,883
10,949
11,339
13,885
13,030
14,352
13,712
14,765
15,495
16,329
16,659
18,092
17,953
19,009
20, 301
21,046
22,918
24,919
23,963
25,440
28,220
29,796
32,253
35,100
41,315
43,168
46,358
52,879
57,330
61,741
71,100
78,409
84,104
II Q
III Q
IV Q
Annual
TOTAL FOR PERIOD
10,866
11,099
11,021
11,191
11,290
11,223
11, 217
10,993
1,106
11,263
11,160
13,716
13,274
14,325
14,055
14,896
15,370
16,635
16,374
13,021
12,890
14,418
14,020
15,005
15,663
16,453
16, 319
12,735
13,208
14,218
13,991
15,255
15,516
16,493
16,535
12,840
13,708
14,167
13,957
15,260
15,771
16,534
16,517
12,792
13,885
14,146
14,272
15,126
15,797
16,820
16,476
18,159
17,889
19,011
20, 148
21,143
23,063
24,993
23,579
25,748
28,449
29,989
18,139
18,078
19,331
20,309
21,296
22,834
25,430
23,760
26, 330
28,276
29,963
18,615
17,758
19,436
20,397
21,472
23,026
25,084
23,871
26, 313
28,504
30,074
18,337
18,025
19,568
20,268
21, 762
23, 383
24,653
23,871
26,446
28,660
30, 551
18,312
18,159
19,317
20,419
12,651
13,512
14,090
13,991
15,404
15,744
16,799
16,746
18,169
18,128
18,145
19,623
20,656
2,936
3,212
4,017
3,996
15,418
15,826
16,967
16,853
18,285
18, 190
18,345
19,745
20,630
12,855
13,430
14,007
14,073
15,677
15,906
16,841
16,745
18,046
18, 173
18,377
19,804
20,579
23,243
25,222
24,430
26,898
28,605
30, 784
23,622
25,328
24,324
27, 239
28,628
30,948
23,697
25,615
24,413
27,538
28,937
30,979
23,760
25,667
24,841
27,059
29,279
31, 107
35,380
41,861
36, 111
42,012
36,235
36,836
36,938
37,208
37,628
47,184
52,904
58,509
62,852
71,264
46,182
52,966
58,888
64,024
72,463
46,667
53,709
59,441
65,553
73,017
48,556
53,296
59,714
66,765
73,677
48,862
54,418
59,523
67, 326
73,996
49,469
54,614
60,524
67, 561
74,180
85,201
86,128
86,263
86,361
87,299
87,292
40,154
42,114
42,060
46,499
47,476
50,607
50,344
54, 500
54,491
54,867
59,172
61,865
66,486
71,079
76,610
33,803
33,433
37,386
39,117
42, 204
41,634
43,158
46,898
48,232
50,128
51, 315
53,494
54,343
56,395
60,551
62,794
66,029
73,795
76,507
133,619
133,783
147,213
156,548
162,353
169,094
169,135
183,851
189,729
200,002
200,353
215,413
219, 529
218,992
235,563
246,666
261,870
284,128
303,956
79,657
85,769
91,409
99,911
110,009
126,006
81,836
86,844
93,034
102, 211
112,840
127,750
84, 113
88,817
93,473
105,672
118,314
129,966
139,724
158,749
174,727
188,617
214,827
233,258
255,433
161,423
178,678
199,644
220,690
230,889
259,923
164,515
182,385
204,042
226,594
238,533
263,076
169,322
186,893
210,553
230,798
246,429
259,718
324,358
346,717
368,403
406,234
449,069
509,538
540,988
588,146
657,375
725, 220
804,684
894,343
951,902
1,038,790
32,770
33,239
34 602
13,094
14,047
14,060
14,081
15,715
15,933
16,782
16,662
18,178
18,333
18,708
20,115
20,937
11,221
12,069
13,099
13,891
13,855
14,406
15,652
16,106
16,699
17,048
17,699
18,071
18,840
20,220
20,701
11,052
12,959
12,924
14,266
13,719
14,671
15,531
16,193
16,647
17,605
17,617
17,939
18,847
20, 216
21,156
38,004
24, 373
25,557
24,739
27,789
29,473
31,155
34,816
38,923
24,667
25,566
25, 121
28,211
29,532
30, 723
35,520
39,240
24,755
25,384
25,801
28,113
29,812
31,595
35,336
40,151
42,828
39,194
43,095
41,787
44,666
46,528
49,417
49,352
53,155
54,390
53,920
57, 351
60,758
63,485
68,815
75,342
71,302
77,518
84,945
89,748
97,437
106,591
125,188
50,032
54,934
60,822
67,774
75,807
50,359
54,967
61,039
68, 707
76,607
55,545
62,009
69, 525
76,524
51,143
56,224
62,630
70, 117
76,962
87,961
87,823
86,413
86,733
57,553
62,254
70,911
77,312
82,855
86,572
59. SALES OF RETAIL STORES IN 1972 DOLLARS2
(MILLIONS OF DOLLARS)
33,289
33,730
35 977
38,367
40,801
42,531
42, 220
45,641
47,084
49,847
49,528
54,057
55,264
53,942
58, 321
61,084
65,013
69,652
74,959
33,818
33,362
39 343
TOTAL FOR PERIOD
122,074
128,362
135,013
136,736
50,636
52,201
60,707
54, 545
56,276
59,158
59,865
66, 754
66,973
69,278
67, 305
72,473
72, 237
71,941
76,814
79,213
84,300
88,960
93,502
87,836
93,923
95, 747
98,726
104,440
112,462
119,136
116,207
116,682
122,804
129,626
135,485
137,491
51,077
52,898
55,837
54,795
59,172
58,619
61,739
67,274
67,520
68,444
68,294
71,040
71,820
74,009
78,299
80,127
83,647
92,089
92,773
89,502
95,401
96, 750
97,944
107,609
116,909
118,520
111,081
118,035
124,651
131,370
137,345
137,001
135,528
135,754
135,397
132,239
26,158
26,438
27,554
30,795
30,989
29,694
31,985
32, 135
32,204
36,208
38,775
40,000
37,013
17,310
17,540
19,099
17,981
20,010
19,331
20,987
22,270
22,634
22,670
23,349
23,427
23,666
24,734
26,153
26,950
28,726
30,790
30, 768
30,462
31,802
32, 334
32,980
35,874
39,558
38,688
36,609
50,622
50,962
54,890
58, 318
54,888
60,583
58,881
63,821
66,900
68,651
66,232
71,380
72,168
71,104
74,967
78,465
80,667
50,511
53,175
56,552
54,460
57,294
59,813
59,629
65,445
67,197
68,831
65,917
72,268
73, 164
71,100
75,840
78,784
82, 574
93,282
86,496
90,697
95,302
96,746
101,180
107,774
121,660
115,242
92,049
87,093
92,266
95, 193
97,693
102,753
110,634
119,590
115,713
40,993
43,823
45,620
45,768
41 ,402
43,982
45, 709
45, 702
42,256
43,565
46,016
45,531
121,029
126,886
130,615
136,688
44,088
44,161
43,990
1948. . .
1949. . .
1950. . .
1951 . . .
1952. . .
1953. . .
1954. . .
1955. . .
1956. . .
1957. ..
1958. . .
1959. . .
1960. . .
1961 . . .
1962. . .
1963. . .
1964. . .
1965. ..
1966. . .
1967. . .
1968. . .
1969. . .
1970. ..
1971. . .
16,811
16,724
17,995
20,219
18,192
20,153
19, 321
21,097
22,270
22,771
22,535
23,633
24,027
23,685
24,913
26,229
26,742
28,864
30,994
29,081
29,859
31,815
32, 177
33,597
16,764
16,994
17,047
17,244
17,165
17,440
16,513
17,359
16,833
18,376
16,897
17, 134
16,945
17,377
16,794
17,690
16,892
17,596
19,667
18,596
20,138
19,805
21,284
22,117
23,066
21,966
23,774
24,052
23, 569
24,851
26,031
26,865
29,047
30,932
28,615
30, 150
31,929
32,281
33,777
18,432
18, 100
20,292
19,755
21,440
22,513
22,814
21,731
23,973
24,089
23,850
25, 203
26,205
27,060
28,722
31,356
28,800
30,688
31,558
32, 288
33,806
18,069
18,547
20,011
19,737
21,823
22,249
22,818
21,924
23,956
24,623
23,427
25,274
26,353
27,249
28,964
30,816
28,900
30, 597
31,706
32, 234
34,216
18,219
19,249
19,916
19,712
21,882
22,508
22,848
21,944
24,111
24,287
23,748
25,446
26,152
27,652
29, 339
30,286
28,830
30,609
31,844
32,640
34,045
18,172
19,498
19,886
20, 180
21,740
22,440
23, 165
22,049
24,201
24,25
23,92
25, 12
26,27
27,67
29,05
30,94
29,363
31,060
31,643
32,819
34,492
17,951
18,952
19,807
19,852
22,140
22,210
23,058
22,388
24,193
24,042
23,812
25, 584
26,482
27,775
29,528
31,039
29,131
31,381
31,633
32,923
34,390
18,354
18,509
19,683
19,905
22,134
22, 351
23,183
22,561
24,315
24,093
24,075
25,676
26, 381
28, 166
29,658
31,238
29,132
31,617
31,904
32,886
34,797
18,240
18,815
19,668
20, 108
22,480
22,412
23,037
22,356
23,965
24,102
24,054
25,554
26,350
28, 359
29,774
31,225
29, 573
30,925
32,210
32,917
35,253
18,451
19,679
19,766
20, 144
22, 534
22, 322
22,982
22, 275
24,077
24,282
16,875
17,762
18,050
18,363
19,483
19,522
20,608
22,470
22, 564
22,792
22,670
23,536
23,872
1973. . .
1974. ..
1975. . .
1976. . .
1977. . .
1978. . .
1979. . .
40,465
38,612
40,721
38,285
40,474
38,345
40,085
38,676
39,829
38,536
39,676
38,501
39,980
38,735
39,291
39,315
39,865
38,157
25,988
26, 739
27,367
30,504
31,016
29,346
31,614
32, 281
32,760
35,527
38,576
39,832
37,459
40,335
41,847
42,935
45,665
40,354
42,459
43,556
45,305
40,340
42,580
44, 124
45,718
40,812
42,856
44, 746
45,607
40,254
42,929
45, 142
45,649
41,008
42,577
45, 125
45,480
40,971
43,139
45,071
45,315
41,026
43,197
45,003
46,027
40,807
43,290
45,411
46, 149
1981 . . . 44,903
1982. . .
45,199
45,426
45,259
45,074
45,421
45,135
45,317
44,945
202,846
209,236
227,986
222, 118
227,630
238,173
240,114
263, 294
268,590
275,204
267,748
287,161
289, 389
288,154
305,920
316,589
331,188
355,039
371,606
350,927
372,287
382,992
391,109
415,982
447, 779
478,906
458,243
461,478
490,558
516, 244
538,458
547,916
529,891
538,918
3
56. MANUFACTURING AND TRADE SALES IN CURRENT DOLLARS
(MILLIONS OF DOLLARS)
TOTAL FOR PERIOD
34,353
35,053
33,632
45,242
34,131
34,737
34,464
44,583
34,380
34,890
34,702
35,398
35,881
36,053
36,012
35,864
35,571
35,662
102,864
104,990
34,893
43,983
35,474
43,250
36,686
43, 566
38,462
43,172
42,054
42,082
43,205
42,807
41,024
42, 703
40,665
43,193
39,880
43,140
43,028
42,733
102,989
133,808
110,622
129,988
1953. . . 47,760
1954. . . 45,968
1955. . . 49,320
1956. . . 53,110
1957. . . 56,568
1958. . . 54,173
1959. . . 57,833
1960. . . 62,107
1961 . . . 58,612
1962. . . 64,443
1963. . . 66,555
iy64. . . 71,643
1965. . . 77,123
1966. . . 84,827
1967. . . 88,961
1968. . . 95,129
1969. . . 101,625
1970. . .' 106,718
1971 . . .111,013
1972. .. 123, 108
1973. . . 144,957
1974. . . 166, 348
1975. . . 179,415
1976. . . 194,873
1977. .. 217,365
1978. . . 236, 218
1979. . . 276,671
1980. . . 316,565
1981. . . 347,858
1982. . .
48, 392
46,435
49,828
52,874
57,006
53,102
58,621
61,713
58,931
64,423
67,679
71,616
77,347
85,383
88,331
95,120
102, 301
107,211
112,219
122, 599
147, 142
168, 519
178,718
196,254
221,209
242,834
278,050
317,513
348,653
48,987
46,183
50,744
53,235
56,597
52,493
59,379
61,274
59,884
65, 310
67,774
71,442
78,986
87,179
88,811
95,956
103, 147
106,428
113,122
124, 715
148,536
172,002
173,811
197,925
224,931
245,456
287,831
313,589
350,281
48,935
46,640
51,334
53,660
55,770
52,286
60,322
61,637
59,467
65,461
68,420
72, 744
79,429
86, 731
88,904
95,977
103,935
105,895
114,018
125,847
149,584
173,622
176,667
200,044
226, 519
255,475
283,551
307,644
352,855
48,904
45,866
51,467
53,768
55,651
52,457
60,975
60,649
60,177
65,429
68,222
73,450
79, 241
86, 295
89,020
96, 723
103,915
107, 296
115,027
127,199
150,596
176,027
176,941
200,426
227,276
258,028
294,342
306, 516
353,698
48, 398
46,349
51,645
54,124
56,119
53,315
61,134
60,604
61,134
65,041
68,792
73,063
79,363
87, 367
89,675
97,837
104,477
107,892
117,002
127,822
151,557
177,834
179,866
204, 160
229,311
259,569
292,812
307, 113
356,524
49,372
46,180
51,885
51,804
56, 133
53,758
60,537
60, 223
60,603
65,324
69,927
74,236
80, 734
87,022
89,746
98,996
105,255
108, 305
116,474
128,524
153,868
182,048
182,817
205,495
229,757
260,249
298,059
316,518
355,236
48, 185
45,798
51, 784
53,696
56,682
54,843
59,206
59,939
62,068
66,026
69,497
74,176
80, 550
88, 190
90,964
97,820
105,886
108,009
116, 368
131,087
154,443
184,007
185,082
205,896
231,388
264,856
300, 306
319,783
354, 520
47,828
45,842
52,907
54,439
55,801
54,980
59,377
60, 518
62,179
66,142
69,485
75,051
80,662
88,085
90,866
98,835
106,677
108, 583
117,273
132,824
154,726
184,003
186,933
207, 583
232,615
265,937
302, 353
328,922
353, 725
1948. .
1949. .
1950. .
1951. .
.
.
.
.
'"This series contains no revisions but is reprinted for the convenience of the user.
contains revisions beginning with 1977.
2
47, 540
46,011
52,842
55,209
55,513
55,321
59,234
60,373
63,104
66, 546
70,448
73,709
81,693
88, 348
90,571
100, 583
108, 168
107,159
117,407
135,430
159,025
183,629
188,047
205,864
234,674
270,965
305, 291
336,198
346,605
46, 333
47,465
53, 248
55,613
54,946
56,780
59,049
59,728
63,742
67, 395
69,655
74,669
83,254
88,038
93,058
101,555
107,389
105,940
119, 757
138,426
162,855
183,162
188,040
210, 274
237,400
272,975
305, 513
339,269
344,943
107,946
100,877
126, 283
127,592
107,097
99, 124
123, 573
129,066
145, 139 146, 237 145,385
139,475
45,602
48,603 138,586 138,855 137,820 142,079
53,391 149,892 154,446 156,576 159,481
56,255
168,616 164,296
53,837 170,171 167,540
159,768 158,058 163, 581 169, 310
57,209
60,924 175,833 182,431 179, 120 179,207
59,668 185,094 182,890 180,680 179,769
64,131 177,427 180, 778 184,850 190,977
200,238
66, 2S7 194,176 195,931 197,492
71,149 202,008 205,434 208,909 211,252
225,604
77, 226 214, 701 219, 257 223,463
83,965 233,456 238,033 241,946 248,912
88,275 257,389 260, 393 263, 297 264,661
95,473 266,103 267,599 271,576 279,102
295,651
303,348
101,210 286,205 290,537
107, 558 307,073 312,327 317,818 323, 115
320, 357 321,083 324,897
322,638
109,539
121,455 336,354 346,047 350,115 358,619
141,306 370,422 380,868 392,435 415, 162
440,635 451,737 463,037 484,879
162,999
545,653
178,862 506,869 527,483 550,058
533,474 554,832
566, 282
190,195 531,944
216,697 589,052 604,630 618,974 632,835
240,413 663, 505 683, 106 693,760 712,487
274,315 724,508 773,072 791,042 818,255
307,754 842,552 870,705 900,718 918,558
342,509 947,667 921,273 965,223 1017,976
341, 330 1046,792 1063,077 1063,481 1032,878
This series contains revisions beginning with 1959.
422,897
405,638
463,467
520,454
537,529
576,236
557,340
620, 395
647,787
670,623
650,717
716,591
728,433
734,032
787,837
827,603
883,025
962,347
1,045,740
1,084,380
1,175,741
1,260,333
1,288,975
1,391,135
1, 558,887
1,840, 288
2, 130,063
2,186,532
2,445,491
2,752,858
3, 106,877
3,532,533
3,852,139
4,206,228
(NOVEMBER 1982)
C. Historical Data for Selected Series—Continued
Year
Jan.
Mar.
Feb.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
IQ
II Q
157,866
159, 781
158,705
158, 613
57. MANUFACTURING AND TRADE SALES IN 1972 DOLLARS1
(MILLIONS OF DOLLARS)
III Q
Annual
IV Q
TOTAL FOR PERIOD
52,474
53,344
53,378
62,759
59,929
67,237
64,027
69,147
73,309
75,021
70,035
74,544
79,391
74,928
81,905
52,498
53,297
52,894
53,140
52,938
52,148
53,527
51,963
53,072
54,110
52,142
52,827
53,918
52,367
159,145
157,336
634,875
61,114
60,593
68,165
64,786
69,727
72,733
75,306
68,806
75,741
78,992
75,144
81,915
60,017
60,220
68,894
64,435
71,106
73,047
74,774
67,788
76,624
78,497
76,446
83,031
58,978
60,987
68,879
64,958
71,869
73,213
73,636
67,509
77,758
78,900
75,878
83,107
59,494
61,683
68,575
63,869
72,173
73,009
73, 375
67,766
78,627
77,831
77,047
83,096
59,060
61,821
67,769
64,713
72,160
73,331
73,824
68,991
78,686
77, 768
78,412
82,657
57,893
60,499
68,684
64,486
72,436
70,206
73,525
69,715
78,403
77,406
77,520
83,032
59,351
61,728
67,302
64,096
72,152
72,478
74,020
70,912
75,954
76,990
79,314
83,609
59, 313
63,820
66,729
64,431
73,336
73,135
73,046
71,275
75,679
77,846
79,631
83,389
59,731
65,902
66,422
64,675
73,048
73,726
72,696
72,388
75,911
77,448
80,707
84,204
89,833
96,251
103,228
106,329
111,455
115,086
115,935
116,613
125,510
139,409
89,916
96,579
103,401
105,706
110,880
115,418
116,158
117,422
124,694
140,328
89,653
98,491
105,038
106,473
111,639
115,917
115,068
118,183
126,552
140,164
9l!l29
98,749
104,157
106, 354
111,449
116,461
114,062
118,852
127,420
139,451
92,155 91,854
97,863 98,149
103,668 104,928
106,484 106,797
112,096 113,126
93,317 93,086 94,014
99,908 99, 345 99,389
104,306 104,970 104,786
106, 593 107,843 107,394
114,337 112,742 113,451
92,311
100,419
105,032
106,828
115,039
59, 579
65,654
64,806
66,600
73,631
74,094
71,739
73,512
75,858
76,432
81,464
85,382
87,382
93,336
101,807
104,659
109, 380
115,552
58,975
66,862
63,706
68, 159
73,719
74,799
70,167
71,670
77,973
76,472
81 ,788
83,942
89,304
96, 520
102,186
105,074
112,059
115,057
183,890
180,742
204,296
193,248
209,980
219,089
225, 101
206,629
226,909
236,880
226, 518
246,851
255,622
269,402
291, 321
311,667
318,508
333,974
177,532
184,491
205, 223
193, 540
216,202
219,553
220,835
204,266
235,071
234,499
231,337
248,860
259,061
275,138
294, 761
312,753
319,635
336,671
176,557
186,047
202, 715
193,013
217,924
215,819
220, 591
211,902
230,036
232, 242
236,465
250,030
262,707
280,417
298,642
314,062
321,830
340,530
178,285
198,418
194,934
199,434
220,398
222,619
214,602
217,570
229, 742
230, 352
243,959
253, 528
265, 150
282,167
304,412
314,765
328, 267
345,648
115,376
119,569
128,237
139,089
115,811
121,172
128,576
138,237
115,917
120,463
28,600
40,739
115,370
120,020
130,776
137,445
115,258
121,019
131,535
138,039
113,284
120,744
133,899
140, 549
111,626
122,944
135,893
142,918
1975. . . 129,540
1976. . . 136,090
1977. . . 145,620
1978. . . 150,010
1979. . .
1980. . . 161,059
1981 . . .158,662
1982. . .
129,692
136,988
147,031
152,845
126,170
138,019
148,585
153,627
127,769
138,924
148,887
157,993
127,911
138,542
148,826
158,005
128,957
140,043
149,829
157,779
30,116
40,300
49,711
157,335
131,006
139,964
150, 300
158,950
131, 750
139,828
150,518
158,530
131,747
139, 132
151, 290
159,969
131, 764
141, 594
151,872
160,524
115,237
123,886
137,583
140, 394
129,351
133, 197
144,141
152,921
160,662
347, 161
352,218
376, 756
419,901
422,920
385,402
411,097
441, 236
456,482
345,249
359,593
384, 233
416,777
424,402
384,637
417, 509
447, 542
473, 777
346,545
361,502
390,911
416,223
418,634
392,872
420,092
450, 529
474,815
340,147
367, 574
407,375
423,861
397, 774
96, 708
24,867
56,083
81, 155
716, 264
749,698
807,168
779, 235
864, 504
877,080
881, 129
840, 367
921,758
933,973
938, 279
999,269
,042,540
,107,124
,189,136
, 253, 247
,288,240
, 356,823
,401,683
, 379, 102
,440,887
,559,275
,676, 762
,663, 730
,559,619
,673,565
,795,390
,886, 229
157,438 157,324 158,171
152,649 152,494 151, 360
476, 141
477,236
452,954
476,020
459, 513
471,686
472,933
456,503
,861,541
,881,445
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. ..
159,585 155,497
159,555 159,019
152,220 150,095 150,639
159,036 157,783 159,201
153, 118 151,327 155,068
158,268 156, 707 156, 711
95. RATIO, CONSUMER INSTALLMENT CREDIT TO PERSONAL INCOME
(PERCENT)
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. . .
3.57
4.50
5.62
6.26
6.09
7.27
8.27
8.32
9.32
9.56
9.90
9.42
10.28
10.89
10.49
11.02
11.87
12.49
12.91
12.75
12.54
12.64
12.86
12.51
12.74
3.70
4.57
5.67
6.21
6.06
7.39
8.25
8.42
9.38
9.54
9.86
9.45
10.40
10.81
10.48
11.18
11.98
12.61
12.87
12.73
12.52
12.68
12.84
12.54
12.69
3.78
4.61
5.65
6.15
6.09
7.52
8.26
8.53
9.44
9.55
9.78
9.50
10.47
10.77
10.45
11.25
12.05
12.66
12.88
12.69
12.48
12.68
12.80
12.53
12.75
3.89
4.73
5.89
6.06
6.17
7.63
8.28
8.61
9.43
9.61
9.79
9.52
10.51
10.71
10.50
11.33
12.08
12.74
12.90
12.68
12.50
12.72
12.51
12.54
12.84
3.97
4.88
6.03
6.01
6.28
7.73
8.26
8.71
9.48
9.62
9.72
9.58
10.57
10.64
10.57
11.38
12.15
12.78
12.92
12.66
12.49
12.78
12.62
12.56
12.90
3 .96
5.03
6.17
5.96
6.45
7.78
8.26
8.83
9.50
9.61
9.65
9.65
10.64
10.54
10.64
11.41
12.22
12.80
12.88
12.62
12.49
12.81
12.67
12.33
13. 14
4.05
5.19
6.32
5.96
6.61
7.90
8.27
8.83
9.57
9.66
9.47
9.75
10.71
10.50
10.69
11.53
12.26
12.85
12.90
12.57
12.50
12.79
12.65
12.52
13.00
1974. . .
1975. ..
1976. . .
1977. . .
1978. ..
1979. . .
1980. . .
1981. ..
1982. . .
13.54
13.20
12.57
13.05
13.86
14.52
14.75
13.32
13.55
13.17
12.58
13.08
13.93
13.53
13.08
12.63
13.17
13.98
13.51
12.99
12.68
13.29
14.01
13.44
12.84
12.72
13.38
14.14
13.41
12.56
12.78
13.45
14.23
14.80
13.27
14.73
13.28
14.66
13.32
14.46
13.30
14.26
13.28
13.35
12.69
12.78
13.42
14.22
14.71
13.97
13.14
96. MANUFACTURERS
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. . .
END OF PERIOD
13.28
12.56
12.93
13.59
14.30
5.71
6.23
6.00
7.10
8.28
8.24
9.23
9.54
9.90
9.34
10.20
10.98
10.44
11.00
11 .00
12.45
12 .86
12.81
12.49
12.62
12.82
12.59
12.74
12.98
13.49
13.20
12.63
12.94
13.72
14.37
14.79
4.61
5.65
6.15
6.09
7.52
8.26
8.53
9.44
9.55
9.78
9.50
10.47
10.77
10.45
11 .25
12.05
12.66
12.88
12.69
12.48
12.68
12.80
12.53
12.75
13.19
13.53
13.08
12.63
13.17
13.98
14.63
13.13
13.09
13.10
13.28
5.03
6. 17
5.96
6.45
7.78
8. 26
8.83
9.50
9.61
9.65
9.65
10.64
10. 54
10.64
11.41
12.22
12.80
12.88
12.62
12.49
12.81
12.67
12. 33
13.14
13.38
13.41
12.56
12.78
13.45
14.23
14.82
14.26
13.28
26.62
19.62
35.44
63.39
72.68
27.81
23.82
20.97
48.47
65.95
28.22
20.18
22.63
56.80
71 .06
52.00
47.84
58.19
62. 74
44.28
47.06
45.23
41 .63
44.53
48.84
53.52
66.17
81.99
93 .94
102.43
107. 54
108.46
103.60
103.59
124.79
165.10
176.88
165.36
176.58
206.62
270.67
299.86
312.02
46.71
49. 10
60.22
59.99
43.32
47.42
43.29
42.05
43.20
50. 15
56.71
68.86
87.40
96.74
102.26
110.91
105.48
100.40
105.98
135.17
177.22
170.18
167.66
181.51
220.03
282.28
295.83
315.62
5.28
6.45
5.97
6.62
8.09
8.22
9.08
9.48
9.74
9.38
10.14
10.79
10. 52
10.79
11 .65
12.39
12.71
12.80
12.57
12.51
12.82
12.60
12.61
13.02
5.54
6.44
5 .94
6.78
8.11
8.21
9. 15
9.45
9.80
9.36
10.27
10.82
10.47
10.87
11 .71
12.48
12.88
12.80
12.58
12.55
12.84
12 .66
12.69
12 .92
13 .40
12.61
12.81
13.51
14.27
13.38
12.59
12.87
13.55
14.33
13.88
13 .11
13.13
UNFILLED ORDERS, DURABLE GOODS INDUSTRIES
(BILLIONS OF DOLLARS)
27.96
24.78
20.56
44.56
63.98
27.81
23.82
20.97
48.47
65.95
27.82
22.52
21 .43
51 .77
68.13
27.49
21 .42
21 .86
54.20
68.34
28.22
20. 18
22.63
56.80
71.06
28.58
19.30
24.96
59.04
72.87
28.80
18.89
28.87
60.01
73.52
28.53
18.59
31.06
60.81
74.37
28.09
18.93
33.03
62. 13
73.80
27.48
19.36
34.14
62 .94
73. 16
4.41
6.18
6.03
7.55
3.63
5.91
54.49
46.65
57.78
63.61
44.79
52.00
47.84
58.19
62.74
44.28
50.17
48.20
59.41
61 .88
43.44
48.38
48. 54
59.96
61.24
43.10
46.71
49. 10
60.22
59.99
43.32
45.52
49.91
61.70
58.26
43.46
44.52
50.56
63.60
56. 56
43.45
44.82
51.74
63.72
55.15
43 . 20
46.13
53 .21
63.56
53.24
43.30
45.31
54.37
63 .81
51.79
44.08
46.48
41 .93
45.01
47.48
52.74
65.32
79.56
94.37
100.83
106.79
109.36
103.62
103.16
120.52
161.91
180.19
164.36
176.13
202.06
264.01
298.54
311.67
45.23
41 .63
44.53
48.84
53.52
66.17
81.99
44.16
41 .81
43.75
49.45
54.37
67.06
83.74
43.55
41 .96
43.36
50.29
55.50
67.94
85.25
43.29
42 .05
43.20
50.15
56.71
68.86
87.40
42.86
42.46
43.23
50.16
58.30
69.65
89.17
43.31
42.90
42.81
50.26
58.90
70.40
90.26
43.62
43 .04
43.36
50.86
60.06
71.81
92.64
42.79
43.08
43.83
50.92
61.24
73.13
93.37
102.43
107.54
108.46
103.60
103.59
124.79
165.10
176.88
165.36
176.58
206.62
270.67
299.86
312.02
102.75
109.86
107.19
103.05
103.94
128.45
168.22
174.20
166.30
178.21
210.67
275.65
299.69
313.64
102.40
110.93
106.30
101.78
104.98
132.11
173.33
172.41
166.96
179.31
215.72
277.98
296.56
315.60
102.26
110.91
105.48
100.40
105.98
135.17
177.22
170.18
167.66
181.51
220.03
282.28
295.83
315.62
101.08
110.87
104.48
99.64
106.61
137.21
181.55
170.21
169.38
182.58
223.74
283.67
299.75
317.46
101 .82
110.62
103.09
99.60
107.34
140.08
187.17
169.41
168.94
184.09
228.23
284.03
301 .12
317.06
103.00
111.40
102.42
100.55
109.73
143.21
190.03
168.52
169.94
186.40
233 .63
286.73
303.86
316.84
100.58
106.13
110.43
102.74
102.49
117.42
158.00
182.92
164.50
175.59
199.08
256. 72
296.07
311.15
NOTE: Unless otherwise noted, these series contain revisions beginning with 1977.
'This series contains revisions beginning with 1959.
4.39
5.71
6.23
6.00
7.10
8.28
8.24
9.23
9.54
9.90
9.34
10.20
10.98
10.44
11.00
11 .80
12.45
12.86
12.81
12.49
12.62
12.82
12. 9
12. 4
12. 8
13. 9
13. 0
12.63
12.94
13.72
14.37
14.79
13.41
13.10
4.39
5.71
6.23
6.00
7.10
8.28
8.24
9.23
9.54
9.90
9. 34
10.20
10.98
10.44
11.00
11 .80
12.45
12.86
12.81
12.49
12.62
12.82
12.59
12.74
12.98
13.49
13 . 20
12.63
12.94
13.72
14.37
14.79
13.41
13. 10
26.62
19.62
35.44
63.39
72.68
26.62
19.62
35.44
63.39
72.68
45. 25
56.24
63 .88
50.35
43.99
48.88
42. 10
43.98
45. 51
50.96
63.15
75.90
94.16
100.58
105.95
111.25
101 . 57
102.12
114.72
153.88
185.56
165.93
174.21
196.42
251 .66
291.88
310.05
308.37
45.25
56.24
63.88
50.35
43.99
48.88
42. 10
43.98
45.51
50.96
63.15
75.90
94.16
100.58
105.95
111.25
101 . 57
102. 12
114.72
153.88
185.56
165.93
174.21
196.42
251 .66
291.88
310.05
308.37
END OF PERIOD
28.25
25.63
20.20
40.84
63.99
7.34
1.76
4.38
6.44
2.03
4.15
7.72
94.10
4
5.28
6.45
5.97
6.62
8.09
8.22
9.08
9.48
9.74
9.38
10.14
10.79
10.52
10.79
11 .65
12.39
12.71
12.80
12. 57
12.51
12.82
12.60
12.61
13.02
13.41
13. 38
12.59
12.87
13.55
14. 33
14.81
13.75
13.13
5.62
6.35
5.96
6 .97
8.23
8.19
9. 18
9.52
9.83
9.30
10.28
10.89
10.42
10.93
11 .80
12.47
12 .87
12.78
12.54
12.58
12 .88
12.63
12.75
12.89
13.45
13.27
12. 58
12.89
13.66
14.35
5.25
6.36
5.93
6.53
8.01
8.24
8.99
9.49
9.66
9.46
10.00
10.76
10.52
10.76
11 .59
12.29
12.93
12.87
12.54
12.49
12.77
12.63
12.52
12.98
42 .40
43.41
43 .96
51.12
62.13
74.46
93.84
99.50
104.50 104.95
111.29 111.31
101 . 10 100.91
100.87 101 .59
110.94 112.44
146.76 150.94
189.00 188. 16
166.98 166.86
171.52 172 .52
189.31 191 .97
240.66 247.50
287.30 289. 55
306.68
305.49
312.77 311.08
45.25
56.24
63.88
50.35
43 .99
48.88
42. 10
43.98
45.51
50.96
63 .15
75.90
94. 16
100.58
105.95
111 .25
101.57
102 . 12
114.72
153 .88
185.56
165.93
174.21
196.42
251.66
291 .88
310.05
' 308.37
28.53
18. 59
31.06
60.81
74.37
44.82
51 .74
63.72
5.15
3.20
8.66
3 .62
3.04
3. 36
0.86
0.06
1.81
92.64
98.04
103.00
111.40
102.42
100.55
109.73
143.21
190.03
168. 52
169.94
186.40
233.63
286.73
303.86
316.84
(NOVEMBER 1982)
C. Historical Data for Selected Series—Continued
Year
II Q
IQ
III Q
IV Q
63.
AVERAGE
(INDEX: 1977=100)
39.6
40.4
39.8
41.9
43.1
44.9
46.0
45.0
46.8
49.0
50.4
50.0
51 .5
52.7
52.5
52.9
52.8
53.2
54.0
56.8
58.4
61.3
66.8
68.4
71 .1
72.8
80.3
90.6
92.7
98.1
105.0
114.8
127.6
139.0
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
260.
40.7
39.7
39.6
42.5
43.8
45.5
45.6
45.1
48.0
49.7
50.2
51.1
52.1
52.3
52.6
52.5
53.1
53.3
55.7
57.1
59.5
64.1
67.5
69.8
71.7
76.3
86.0
89.6
95.9
100.1
108.9
121.3
134.7
144.2
40.8
40.2
40.1
42.7
44.6
45.4
45.6
45.7
48.3
50.1
49.7
51 .5
52.6
52.1
52.6
52.8
53.3
53.2
56.3
57.3
60.7
65.4
68.7
70.1
72.0
77.5
88.3
91.9
97.7
102.3
111 .4
124.1
137.0
147.9
GOVERNMENT PURCHASES OF GOODS AND SERVICES TOTAL, IN
CURRENT DOLLARS
(ANNUAL RATE, BILLIONS OF DOLLARS )
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
I960
1961
1962
1963
1964
1965
1966
1967
1 968
1 969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1980
1981
1982
262.
39.2
40.0
39.6
42.9
43.4
44.9
46.3
45.1
47.6
49.4
50.2
50.0
52.0
52.3
53.0
52.4
53.0
53.3
55.2
56.7
59.0
62.8
67.1
69.5
71.2
74.5
83.0
89.8
94.2
99.3
106. 5
117.9
132.3
141 .5
..
27.7
36.7
37.7
49.6
70.9
81.7
79.5
74.3
77.2
86.2
91.2
97.8
97.3
105.0
116.1
122.1
128.3
131.6
150.0
174.9
192.4
204.5
216.4
229.7
249.7
264.9
286.8
327.7
357.0
377.9
412.8
30.7
38.4
36.9
56.7
75.5
82.6
75.4
74.1
79.3
86.6
94.2
98.0
99.3
106.8
116.8
121 . 3
130.0
135.6
155.3
177.3
198.6
207.4
217.7
232.4
251.5
266.3
300.6
333.6
358.1
390.7
424.4
33.2
39.1
38.0
64.4
77.5
82.4
74.6
75.4
79.7
87.5
96.1
97.5
101 .8
108.4
118.8
124.3
130.0
140.1
162.0
182.0
201.0
210.7
221.1
236.4
252.9
268.9
309.2
344.0
362.8
398.7
439.3
36.0
39.2
41.4
69.6
78.3
83.4
73.4
76.2
81 .3
88.1
98.7
97.0
102.7
112.3
120.4
127.0
130.9
146.1
167.3
186.5
204.0
212.4
225.3
240.9
258.3
281.6
319.7
354.3
370.4
408.0
451.1
519.2
578.1
536.0
583.2
538.5
600.2
559.8
626.3
FEDERAL GOVERNMENT PURCHASES OF GOODS AND SERVICES IN
CURRENT DOLLARS
(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
1980
1981
1982
13.7
19.8
18.6
28.7
48.3
57.2
52.8
44.5
44.9
50.3
51.6
54.3
52.3
55.3
63.0
64.9
65.9
63.9
73.6
88.6
96.0
97.0
98.0
95.8
102.7
103.0
103.9
119.2
126.7
135.8
147.3
164.4
189.6
217.0
15.9
20.7
17.4
35.1
52.2
58. 1
48.0
43.7
46.2
49.9
53.6
54.3
53.1
56.9
63.0
63.3
65.8
65.8
76.8
89.4
98.8
97.2
95.8
95.0
102.8
100.4
109.6
120. 1
126.3
142.2
149.2
163.2
198.8
218.2
17.6
20.7
18.0
42.3
54.3
57.2
46.2
44.7
45.8
50.1
54.4
53.7
54.6
57.7
64.1
64.5
64.7
67.6
81.5
92.1
98.6
98.3
94.2
96.6
100.4
98.8
112.7
123.7
129.5
146.2
156.1
168.0
193.3
230.0
19.7
20.5
20.9
47.2
54.6
57.6
44.8
44.9
46.7
49.6
55.9
53.3
54.8
59.6
64.8
65.9
64.5
71.8
83,5
93.7
98.6
97.8
95.0
97.4
100.8
105.8
117.8
127.9
134.3
149.5
161 .8
177.8
207.0
250.5
Year
Annual
!
40.0
40.1
39.7
42.5
43.8
45.1
45.9
45.2
47.7
49.5
50.2
50.7
52.0
52.3
52.7
52.6
53.1
53.3
55.3
56.9
59.4
63.4
67.5
69.5
71.5
75.3
84.4
90.5
95.1
100.0
108.0
119.5
132.9
143.1
AVERAGE
32.0
38.4
38.5
60.1
75.6
82.5
75.8
75.0
79.4
87.1
95.0
97.6
100.3
108.2
118.0
123.7
129.8
138.4
158.7
180.2
199.0
208.8
220.1
234.9
253.1
270.4
304.1
339.9
362.1
393.8
431.9
474.4
538.4
596.9
16.7
20.4
18.7
38.3
52.4
57.5
47.9
44.5
45.9
50.0
53.9
53.9
53.7
57.4
63.7
64.6
65.2
67.3
78.8
90.9
98.0
97.6
95.7
96.2
101.7
102.0
111 .0
122.7
129.2
143.4
153.6
168.3
197.2
228.9
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
1963
1964
1965
1966
1967
1 968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
25,448
27,056
20,064
34,040
38,832
34,896
28,984
45,040
45,768
36,508
45,968
50,500
60,240
75,756
77,944
65,948
78,060
100,876
88,324
119,864
153,416
217, 364
191,952
101,408
193,908
241,252
308,048
357,824
378, 360
320,608
III Q
IV Q
29,808
23,972
23,244
36,628
33,760
35,912
29,720
50,956
39,724
35,308
48,728
57,040
62,012
66,944
81,872
64,712
78,372
103,324
87,948
124,356
149,380
191,520
208, 392
102,864
194,196
264,564
347,544
379,736
221,208
392,040
27,244
22,732
28,188
41,036
35,676
32,204
30,020
48,896
38,400
43,832
47,652
55,796
65,368
71,352
58,136
72,928
85,004
94,536
86,440
144,236
153,668
194,392
176,672
135,864
201,344
302,692
338,896
410,140
308,564
318, 116
29,800
16,368
29,792
43,432
34,280
28,188
43,072
40,916
34,748
47,688
50,872
58,528
63,348
66,788
44,456
80,936
99,668
92,412
94,236
127,708
190,360
173,340
141,160
165,580
228,992
301,640
397,620
310,920
363,568
247,540
261. GOVERNMENT PURCHASES OF GOODS AND SERVICES, TOTAL,
IN 1972 DOLLARS2 (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
1980
1981
1982
76.5
93.0
98.6
115.7
152.9
167.7
162.6
152.7
152.1
160.1
65.0
71.6
69.2
79.4
91.3
95.8
201.7
202.3
221.2
244.2
256.5
258.6
252.7
250.0
254.5
254.6
257.5
263.0
267.0
265.6
270.4
276.4
284.7
286.8
83.1
96.8
96.2
128.5
159.4
170.2
155.6
150.9
154.0
161 .1
168.7
171.3
172.4
181 .0
191.8
195.1
203.4
207.2
224.8
247.0
260.9
259.2
249.6
248.3
253.2
251.1
260.8
263.0
264.9
269.0
273.6
276.8
286.9
283 .9
87.0
99.0
95.5
141 .2
163.7
170.0
153.8
153.5
152.9
161.6
171.0
170.2
174.4
182.7
194.6
199.3
202.3
211.8
234.0
250.6
262.2
256.8
250.9
250.6
252.6
251.3
260.9
266.6
264.3
270.8
276.8
278.8
283.4
286.4
91 .6
98.1
102.0
149.2
163.3
172.0
151.7
152.0
154.8
162.0
174.7
169.3
175.4
188.4
195.0
200.2
203 .1
217.7
238.7
252.2
261.1
255.0
251.0
251.5
252.1
256.4
261.8
268.3
264.5
271.4
277.7
281.2
283.2
291.3
FEDERAL GOVERNMENT PURCHASES OF GOODS AND SERVICES IN
1972
DOLLARS
(ANNUAL RATE, BILLIONS OF DOLLARS)
1948
1949
1950
1951
1952
.
1953
1954
.
1955
1956
1957
1958
1959
I960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
NOTE: Unless otherwise noted, these series contain revisions
beginning with 1977.
'This series contains revisions beginning with 1948. 2 This series contains revisions beginning with 1973.
100
II Q
110.
TOTAL FUNDS RAISED BY PRIVATE NONFINANCIAL BORROWERS
IN CREDIT MARKETS
(ANNUAL RATE, MILLIONS OF DOLLARS)
263.
AVERAGE
1 Q
36.0
48.2
48.1
65.0
100.7
113.5
103.9
89.5
86.6
91 .0
90.9
92.3
88.9
92.6
102.2
102.2
101.8
96.8
106.5
122.5
127.8
123.6
115.1
105.6
104.3
98.9
95.3
96.8
96.5
97.6
98.8
102.2
106.4
107.9
41 .7
49.9
45.4
77.0
106.3
115.9
96.5
86.8
87.6
91 .3
93.2
92.0
90.4
94.6
102.1
100.6
101.3
99.0
108.8
124.6
129.5
123.5
110.9
102.6
103.3
94.9
96.9
96.5
96.3
100.2
99.0
101.0
109.1
107.0
44.9
50.3
44.5
89.5
111.6
114.4
93.3
89.2
85.9
90.7
93.9
90.8
91.1
95.4
103.7
102.3
99.1
100.5
116.8
127.1
128.8
120.8
108.8
104.1
101.0
93.5
96.8
98.1
96.8
102.2
101.1
101.9
105.5
110.7
48.4
48.6
51 .0
97.4
110.0
115.1
90.8
87.2
87.2
89.5
96.0
90.3
91.3
98.7
103.2
102.0
98.6
104.7
118.3
126.3
126.5
119.1
107.5
102.7
98.1
96.3
97.5
98.2
97.4
101.8
102.4
103.4
104.8
116.0
Annual
AVERAGE
28,075
22,532
25,322
38,784
35,637
32,800
32,949
46,452
39,660
40,834
48,305
55,466
62,742
70,210
65,602
71,131
85,276
97,787
89,237
129,041
161,706
194,154
179,544
126,429
204,610
277,537
348,027
364,655
317,925
319,576
AVERAGE
84.7
96.8
98.1
133.7
159.8
170.1
156.0
152.3
153.5
161.2
169.8
170.6
172.8
182.9
193.2
197.6
202.6
209.8
229.7
248.5
260.2
257.4
251.1
250.1
253.1
253.3
260.3
265.2
265.2
269.2
274.6
278.3
284.6
287.1
AVERAGE
42.8
49.2
47.3
82.2
107.2
114.7
96.1
88.2
86.8
90.6
93.4
91.4
90.4
95.3
102.8
101.8
100.2
100.3
112.6
125.1
128.1
121.8
110.6
103.7
101.7
95.9
96.6
97.4
96.8
100.4
100.3
102.1
106.5
110.4
(NOVEMBER 1982)
C. Historical Data for Selected Series—Continued
Year
1 Q
II Q
III Q
IV Q
265. FEDERAL GOVERNMENT PURCHASES OF GOODS AND SERVICES
(PERCENT)
AS PERCENT OF GNP
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
I960
1961
1962
1963
1964
1965
1966. . . .
1967
1968
1969
1970
1971. . .
1972
1973. . .
1974
1975
1976
1977
1978
1979
1980 ... .
1981
1982
5.5
7.6
7.0
9.0
14.1
15.6
14.6
11.5
10.9
11.4
11.8
11.4
10.3
10.9
11.4
11.2
10.5
9.6
10.0
11.3
11.4
10.5
10.1
9.1
9.0
8.0
7.5
8.1
7.6
7.4
7.3
7.0
7.4
7.6
6.2
8.1
6.3
10.7
15.3
15.7
13.2
11.0
11.0
11.3
12.2
11.1
10.5
11.0
11.2
10.7
10.4
9.7
10.2
11.3
11.4
10.4
9.7
8.9
8.8
7.7
7.7
7.9
7.4
7.5
7.0
6.9
7.7
7.5
6.7
8.0
6.1
12.6
15.6
15.5
12.6
11.0
10.8
11.1
12.0
11 .0
10.7
10.9
11.3
10.7
10.1
9.7
10.7
11.4
11.1
10.3
9.4
8.9
8.4
7.4
7.8
7.8
7.5
7.5
7.1
6.8
7.3
7.7
7.4
8.0
6.8
13.9
15.2
15.9
11.9
10.9
10.8
11.2
12.0
10.8
10.9
11.0
11 .3
10.8
9.9
10.0
10.8
11.4
11.0
10.2
9.4
8.8
8.2
7.7
8.0
7.9
7.6
7.5
7.1
7.1
7.6
8.3
267. STATE AND LOCAL GOVERNMENT PURCHASES OF GOODS AND
SERVICES IN 1972 DOLLARS1
(ANNUAL RATE, BILLION DOLLARS)
1948
1949
1950. . . .
1951
1952
1953. . .
1954
1955
1956. . . .
1957
1958
1959
I960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972.
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
40.5
44.8
50.4
50.7
52.2
54.3
58.7
63.3
65.5
69.2
74.2
79.3
80.3
86.8
89.1
93.6
99.9
105.5
114.7
121.7
128.7
135.0
137.6
144.4
150.2
155.7
162.2
166.2
170.5
168.0
171.6
174.2
178.3
179.0
41.4
46.9
50.8
51.5
53.1
54.3
59.0
64.1
66.5
69.8
75.6
79.3
82.0
86.4
89.7
94.4
102.1
108.2
116.0
122.4
131.4
135.7
138.7
145.7
150.0
156.2
163.9
166.5
168.6
168.8
174.7
175.9
177.8
176.9
42.1
48.7
50.9
51.8
52.1
55.6
60.6
64.3
66.9
70.8
77.2
79.4
83.3
87.3
90.9
96.9
103.3
111.3
117.2
123.5
133.4
136.0
142.1
146.5
151.6
157.8
164.1
168.4
167.6
168.6
175.7
176.8
177.9
175.7
43.1
49.5
51.0
51.8
53.2
56.9
60.9
64.8
67.6
72.5
78.7
79.0
84.1
89.7
91.8
98.2
104.6
113.0
120.4
125.9
134.6
135.9
143.4
148.8
154.0
160.1
164.3
170.2
167.1
169.6
175.3
177.8
178.4
175.3
290. GROSS SAVING — PRIVATE SAVING PLUS GOVERNMENT SURPLUS
OR DEFICIT
(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
1980
1981
1982
49.0
42.1
39.2
57.3
54.9
51.3
46.6
61.3
73.3
77.1
61.1
75.4
88.9
72.9
86.0
88.8
99.5
119.3
125.7
123.1
131.0
149.9
148.7
158.3
176.6
221.6
231.6
199.7
255.2
275.7
341.0
423.1
410.8
461.4
51.5
34.2
47.9
60.8
48.0
52.3
48.7
66.9
74.7
76.6
57.2
84.2
81.4
76.5
86.7
94.9
100.6
121.6
128.7
120.1
134.4
151.7
152.3
160.3
182.4
231.5
231.8
208.1
260.9
305.3
372.6
432.2
395.8
482.4
49.8
35.2
52.2
56.2
48.8
51. 5
50.8
69.9
76.5
76.8
61.7
75.3
79.8
81.4
87.4
94.2
105.2
120.4
125.7
125.9
136.0
158.5
151.2
162.4
187.2
238.6
221.6
228.8
258.9
329.8
383.5
431.4
404.4
490.0
48.9
30.9
63.0
53.5
52.5
44.2
57.4
72.2
78.3
69.6
69.9
78.3
74.4
84.1
86.6
96.5
110.9
119.5
129.3
133.6
142.6
154.2
143.5
165.5
200.4
250.4
226.2
238.9
256.5
325.5
402.2
404.4
414.0
476.3
Annual
AVERAGE
6.4
7.9
6.6
11.6
15.0
15.7
13.1
11 .1
10.9
11.2
12.0
11.1
10.6
11.0
11.3
10.8
10.2
9.8
10.4
11.4
11 .2
10.4
9.6
8.9
8.6
7.7
7.8
7.9
7.5
7.5
7.1
7.0
7.5
7.8
AVERAGE
41.9
47.5
50.8
51.5
52.7
55.3
59.9
64.1
66.7
70.6
76.4
79.2
82.4
87.5
90.4
95.8
102.4
109.5
117.1
123.4
132.1
135.6
140.5
146.4
151.4
157.4
163.6
167.8
168.4
168.8
174.3
176.2
178.1
176.7
1948
1949
1950 . . .
1951
1952
1953
1954
1955 ....
1956
1957 . . .
1958
1959 . .
I960
1961
1962
1963 . .
1964 ....
1965
1966
1967
1968
1969
1970
1971
1 972
1973. . .'. .
1974
1975
1976
1977
1978
1979
1980
1981
1982
49.8
35.6
50.7
56.9
51.0
49.8
50.9
67.5
75.9
75.2
62.6
78.3
81.1
78.7
86.7
93.6
104.0
120.2
127.3
125.7
136.0
153.6
148.9
161.6
186.6
235.5
227.8
218.9
257.9
309.1
374.8
422.7
406.2
477.5
I Q
II Q
III Q
IV Q
14.0
16.9
19.1
20.9
22.6
24.5
26.7
29.8
32.3
35.9
39.5
43.6
44.9
49.7
53.1
57.2
62.4
67.7
76.4
86.3
96.4
107.5
118.4
133.9
147.0
161.9
182.8
208.5
230.4
242.1
265.5
292.5
329.6
361 .1
14.8
17.7
19.4
21.6
23.3
24.4
27.4
30.3
33.1
36.7
40.6
43.7
46.2
49.9
53.8
58.0
64.2
69.8
78.5
88.0
99.7
110.3
122.0
137.4
148.7
165.9
191.0
213.5
231.8
248.4
275.3
301.2
337.2
365.0
15.7
18.5
20.0
22.1
23.1
25.1
28.4
30.7
33.9
37.5
41.7
43.8
47.2
50.8
54.7
59.8
65.3
72.6
80.5
89.9
102.3
112.4
126.9
139.9
152.5
170.2
196.6
220.3
233.4
252.5
283.2
310.5
345.2
370.1
16.3
18.7
20.5
22.4
23.8
25.8
28.7
31.3
34.6
38.5
42.7
43.7
47.9
52.7
55.6
61.2
66.4
74.3
83.9
92.9
105.4
114.6
130.3
143.4
157.5
175.9
201.9
226.4
236.2
258.4
289.3
319.8
352.8
375.7
268. STATE AND LOCAL GOVERNMENT PURCHASES OF GOODS AND
SERVICES AS PERCENT OF GNP
(PERCENT)
1948
1949
1950
1951. . .
1952
1953
1954
1955
1956
1957
1958
1959
I960
1961
1 962
1963
1964
1965
..
1966
1967 ... .
1968
1969
1970
1971
1972
1973
1974. . . .
1975
1976
1977
1978
1979
1980
1981
1982
5.6
6.5
7.1
6.5
6.6
6.7
7.4
7.7
7.8
8.2
9.0
9.1
8.9
9.8
9.6
9.8
10.0
10.1
10.3
11.1
11.5
1.7
2.2
2.8
2.9
2.6
13.2
14.1
13.8
13.2
13.1
12.5
12.8
12.6
5.7
6.9
7.0
6.6
6.8
6.6
7.6
7.6
7.9
8.3
9.2
8.9
9.1
9.6
9.6
9.8
10.1
10.2
10.5
11.2
11.5
11.8
12.4
12.9
12.7
12.7
13.4
14.1
13.6
13.1
12.9
12.7
13.1
12.6
5.9
7.1
6.8
6.6
6.6
6.8
7.7
7.6
8.0
8.3
9.2
9.0
9.3
9.6
9.6
9.9
10.2
10.4
10.6
11.2
11.6
11.8
12.6
12.9
12.7
12.7
13.5
14.0
13.5
12.9
12.9
12.6
13.1
12.4
6.1
7.3
6.7
6.6
6.6
7.1
7.6
7.6
8.0
8.7
9.1
8.8
9.5
9.7
9.7
10.0
10.2
10.4
10.8
11.3
11.7
11.9
12.9
13.0
12.8
12.8
13.7
14.0
13.3
13.0
12.7
12.8
12.9
12.5
292. PERSONAL SAVING
(ANNUAL RATE, BILLIONS OF DOLLARS)
AVERAGE
NOTE: Unless otherwise noted, these series contain revisions beginning with 1977.
This series contains revisions beginning with 1973.
]
Year
266. STATE AND LOCAL GOVERNMENT PURCHASES OF GOODS AND
SERVICES IN CURRENT DOLLARS
(ANN. RATE, BILLION 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
6.7
9.3
16.4
9.1
16.9
16.8
19.0
14.5
19.1
21.7
22.4
22.0
21.4
21 .0
24.9
21.2
25.5
29.7
33.7
43.5
44.4
35.0
46.2
61.6
52.7
66.7
86.2
74.9
89.5
62.9
94.4
98.0
97.9
105.9
10.5
6.9
11.8
18.8
15.6
19.1
15.9
15.5
21 .0
23.2
21.8
23.5
19.1
21 .8
24.4
21.6
30.4
32.0
34.7
42.0
46.5
36.8
57.8
64.7
46.8
77.6
85.0
118.7
86.5
74.2
83.6
102.8
108.6
122.0
14.1
7.3
5.4
18.2
19.7
18.8
16.0
17.3
21 .9
23.0
24.4
18.7
20.0
24.6
23.3
20.9
29.1
37.8
35.9
44.7
37.5
45.7
59.8
61 .0
50.5
81.0
80.7
91.8
81.1
86.9
89.5
98.6
113.1
134.4
Annual
AVERAGE
15.3
18.0
19.8
21.8
23.2
25.0
27.8
30.6
33.5
37.1
41.1
43.7
46.5
50.8
54.3
59.0
64.6
71.1
79.8
89.3
101.0
111.2
124.4
138.7
151.4
168.5
193.1
217.2
232.9
250.4
278.3
306.0
341 .2
368.0
AVERAGE
5.8
7.0
6.9
6.6
6.6
6.8
7.6
7.6
7.9
8.4
9.1
9.0
9.2
9.7
9.6
9.9
10.1
10.3
10.6
11.2
11.6
11.8
12.5
12.9
12.8
12.7
13.4
14.0
13.6
13.0
12.9
12.6
13.0
12.5
AVERAGE
13.2
6.3
13.6
17.7
16.8
19.6
16.8
17.6
23.0
21 .5
25.6
20.4
18.2
24.7
20.5
24.0
33.3
35.2
39.6
47.0
39.5
44.9
59.4
55.3
60.5
90.5
88.7
91.8
72.9
88.0
90.0
87.3
105.3
158.6
11 .1
7.5
11.9
16.1.
17.4
18.5
17.0
16.4
21.3
22.3
23.6
21 .1
19.7
23.0
23.3
21.9
29.6
33.7
36.0
44.3
41.9
40.6
55.8
60.7
52.6
79.0
85.1
94.3
82.5
78.0
89.4
96.7
106.2
130.2
(NOVEMBER 1982)
101
C. Historical Data for Selected Series—Continued
Year
IQ
II Q
III Q
IV Q
293. PERSONAL SAVING AS A PERCENT OF DISPOSABLE PERSONAL
INCOME
(PERCENT)
1948
1949. . . .
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960 . .
1961
1962
1963
1964
1965
1966
1 967
1968
..
1969
1970
1971
1972
1973
1974
1975
1 976
1977
1 978
1979
1980
1981
1982
3.8
5.0
8.1
4.1
7.3
6.7
7.4
5.4
6.7
7.1
7.2
6.6
6.2
5.9
6.6
5.3
6.0
6.5
6.7
8.1
7.7
5.7
6.9
8.4
6.7
7.6
8.9
7.2
7.7
5.0
6.7
6.2
5.5
5.4
5.6
3.7
5.9
8.3
6.7
7.6
6.2
5.7
7.2
7.5
6.9
6.9
5.4
6.0
6.3
5.4
6.9
6.8
6.8
7 .7
7.9
5.8
8.3
8.6
5.9
8.6
8.6
10.7
7.3
5.7
5.8
6.3
6.1
6.1
7.3
3.9
2.6
8.0
8.2
7.4
6.2
6.2
7.4
7.4
7.6
5.5
5.7
6.7
6.0
5.1
6.5
7.8
6.9
8.1
6.3
7.0
8.5
8.1
6.2
8.8
8.0
8.3
6.7
6.5
6.0
5.9
6.1
6.5
6.8
3.4
6.3
7.7
6.8
7.7
6.4
6.2
7.6
6.9
7.8
5.9
5.1
6.6
5.2
5.8
7.4
7.1
7.5
8.4
6.5
6.8
8.3
7.2
7.1
9.5
8.6
8.1
5.9
6.4
5.8
5.1
5.5
7.5
298. GOVERNMENT SURPLUS OR DEFICIT, TOTAL
(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
1980
1981
1982
14.1
0.5
-6.0
18.3
-0.1
-5.0
-11.2
0.2
.6
.9
-1 .0
- .7
.9
- .1
-5.5
-1.8
-2.1
5.6
1.0
-14.1
-9.6
11.4
2.2
-18.0
-7.1
8.1
4.7
-43.8
-46.1
-13.9
-16.8
22.2
-10.6
-8.3
10.7
-3.9
6.1
7.8
-4.4
-5.2
-7.7
3.4
4.9
1.5
-14.3
0.0
4.3
-5.2
-3.6
2.5
-6.1
4.4
2.2
-15.5
-12.0
11.9
-10.0
-21.3
-3.3
7.4
-2.8
-93.3
-34.4
-15.8
7.4
20.1
-44.2
-7.6
5.8
-4.9
15.8
0.3
-7.1
-5.6
-6.6
3.8
4.5
1.4
-15.0
-1.1
1.4
-3.9
-2.7
1.8
-1.1
-3.8
-2.1
-14.3
-2.6
8.5
-13.9
-20.5
-0.7
8.9
-2.7
-58.8
-34.2
-20.1
2.4
12.9
-45.9
-24.5
3.4
-5.2
16.4
-2.0
-3.3
-11.9
-3.2
5.6
5.5
-3.4
-11.7
-0.6
-1.2
-2.9
-3.3
0.4
0.2
-4.0
-6.3
-13.0
0.3
8.0
-20.6
-18.0
-2.3
7.0
-18.2
-59.3
-31.3
-21.5
10.3
2.1
-32.2
-72.5
10.3
1.5
10.9
10.1
5.2
4.5
3.3
3.8
7.4
6.6
2.5
4.4
8.2
4.1
6.5
4.1
5.5
1.6
6.7
5.6
11.9
5.7
6.1
7.5
10.8
10.7
8.6
10.8
8.5
7.2
10.7
10.9
11.8
11.8
6.7
0.5
6.3
8.5
4.6
6.0
2.1
4.1
7.5
4.7
3.5
3.5
3.0
4.3
2.6
1.2
3.5
3.3
7.5
5.3
6.8
6.5
7.4
6.9
5.7
5.8
12.0
7.4
8.4
7.3
6.7
7.8
10.4
6.9
9.5
1.0
7.7
6.7
4.0
4.3
3.0
5.2
6.2
4.9
5.0
3.0
2.2
2.1
2.2
4.0
6.2
4.8
5.9
5.1
6.0
6.6
9.0
6.8
5.6
7.8
11.2
6.6
8.4
7.6
8.7
9.6
10.4
9.2
4.6
0.4
10.9
5.3
9.4
3.2
3.2
4.3
6.1
4.3
4.0
3.7
3.1
3.7
4.4
5.4
2.5
5.2
4.5
5.2
8.2
7.1
4.9
2.2
7.3
7.6
11.6
8.0
7.5
8.0
9.8
9.0
9.7
7.5
Year
| 1Q
5.9
4.0
5.8
7.1
7.3
7.3
6.6
6.0
7.3
7.2
7.4
6.2
5.6
6.3
6.0
5.4
6.7
7.1
7.0
8.1
7.1
6.4
8.0
8.1
6.5
8.6
8.5
8.6
6.9
5.9
6.1
5.9
5.8
6.4
8.4
-3.4
8.0
6.1
-3.8
-6.9
-7.1
3.1
5.2
0.9
-12.6
-1.6
3.1
-4.3
-3.8
0.7
-2.3
0.5
-1.3
-14.2
-6.0
9.9
-10.6
-19.4
-3.3
7.8
-4.7
-63.8
-36.5
-17.8
0.8
14.3
-33.2
-28.2
PERCENT
CHANGE
8.5
3.0
5.8
8.7
5.5
5.5
3.2
3.7
6.1
5.8
3.8
4.0
4.3
3.3
3.9
3.3
4.5
3.4
5.9
5.4
7.5
6.6
6.9
6.6
6.6
7.6
9.3
9.6
8.0
7.5
8.6
9.3
10.1
9.6
II Q
III Q
IV Q
295. BUSINESS SAVING
(ANNUAL RATE, BILLIONS OF DOLLARS)
AVERAGE
AVERAGE
345-C. CHANGE FROM PRECEDING PERIOD IN AVERAGE HOURLY
COMPENSATION, NONFARM BUSINESS2
(ANN. RATE, PERCENT)
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
Annual
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
28.1
32.2
28.8
29.7
38.0
39.5
38.8
46.7
48.6
51.5
48.7
58.0
59.6
57.0
66.6
69.4
76.2
84.1
91.0
93.6
96.2
103.4
99.5
113.9
131.1
146.8
148.7
168.7
211.9
226.7
263.5
301 .6
322.3
362.7
30.1
31.6
30.0
34.4
36.7
38.3
40.6
47.9
48.8
51.9
49.6
60.6
58.0
59.8
65.9
70.8
76.2
85.2
91.8
93.5
99.9
103.0
103.7
116.0
138.4
146.6
149.6
182.8
208.8
246.9
281.6
308.0
330.2
367.0
214.9
30.1
31.6
30.7
34.9
37.6
38.2
41.2
48.1
49.4
51.8
51.6
58.7
58.3
59.9
67.2
71.0
76.7
86.0
92.6
95.6
100.0
103.0
102.8
119.3
137.0
148.7
149.4
188.4
211.9
258.9
302.0
248.9
284.6
313.9
340.3
310.6
332.1
389.1
374.5
32.3
29.8
32.9
37.8
39.1
36.5
43.9
49.0
49.9
51.5
55.9
58.5
57.4
62.2
69.4
72.2
77.3
88.3
95.9
99.7
102.8
101 .4
103.8
126.5
141.5
152.8
155.7
335.5
379.1
1959
I960 . . .
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972, ....
1973 .
1974
1975
1976
1977
1978
1979
1980
1981
19.6
20.6
21.3
23.1
24.6
26.0
27.1
27.9
29.4
31.3
32.6
33.9
35.5
36.6
38.1
39.4
41.0
42.4
44.5
47.1
50.3
53.6
57.1
61.2
65.3
70.1
75.3
83.9
90.2
97.3
105.5
115.0
125.9
139.2
19.9
20.7
21.6
23.6
24.9
26.4
27.2
28.2
29.9
31.7
32.9
34.2
35.8
37.0
38.4
39.5
41.3
42.7
45.3
47.7
51.1
54.5
58.2
62.3
66.2
71.1
77.4
85.4
92.1
99.0
107.2
117.1
129.0
141.6
20.3
20.7
22.0
24.0
25.2
26.7
27.4
28.5
30.4
32.0
33.3
34.5
36.0
37.2
38.6
39.9
41.9
43.2
45.9
48.3
51.9
55.3
59.4
63.3
67.1
72.4
79.5
86.7
93.9
100.9
109.4
119.9
132.3
144.7
206.4
20.6
20.7
22.6
24.3
25.7
26.9
27.6
28.8
30.8
32.4
33.6
34.8
36.2
37.5
39.0
40.4
42.2
43.7
46.4
48.9
52.9
56.3
60.2
63.6
68.3
73.7
81.7
88.4
95.6
102.8
112.0
122.5
135.4
147.4
345-C. 4-QUARTER PERCENT CHANGE IN AVERAGE HOURLY
COMPENSATION, NONFARM BUSINESS3 (ANN. RATE, PERCENT)
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
I960
1961
1962
1963
1964
1965
1966
1967. . . .
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
8.8
1.9
6.2
9.0
4.8
6.0
2.9
4.1
6.4
5.5
3.8
3.7
4.2
3.4
3.7
3.4
5.1
3.0
6.3
5.1
7.5
6.7
7.4
6.5
6.0
7.9
9.8
9.1
8.3
7.4
8.5
9.5
10.4
9.4
7.8
0.8
8.9
7.6
5.8
4.5
2.9
4.3
6.8
5.1
3.7
3.7
4.1
3.5
3.9
3.7
4.4
3.7
6.1
5.3
8.2
6.5
6.8
5.8
7.3
8.0
10.8
8.2
8.2
7.5
8.9
9.3
10.6
8.9
5.5
3.1
8.7
6.4
5.6
4.2
3.0
5.3
6.6
4.1
4.2
4.6
3.1
4.1
3.3
4.0
3.4
5.0
5.9
6.8
6.7
6.6
7.2
6.6
7.3
7.4
11.4
7.6
7.8
8.4
9.0
9.5
10.6
7.8
NOTE: Unless otherwise noted, these series contain revisions beginning with 1977.
'This series contains revisions beginning with 1952. 2This series contains revisions beginning with 1967. Year-to-year changes are computed from
annual data. 3 This series contains revisions beginning with 1966. Changes are centered on the 3d quarter of the span. Annual figures are averages of the
centered changes.
102
AVERAGE
30.0
32.8
31.0
37.7
36.6
38.4
41.4
48.8
50.1
52.4
52.2
57.7
58.3
60.7
66.8
71.5
77.2
86.4
91.9
95.5
101.1
104.4
104.3
120.8
136.9
148.7
143.6
195.8
212.0
263.1
291.5
318.7
345. AVERAGE HOURLY COMPENSATION, ALL EMPLOYEES, NONFARM
BUSINESS SECTOR1
(INDEX: 1977=100)
1948
1949
1950
1951
1952
1953
1954
1955 . . .
1956
1957
Annual
4.0
4.5
9.3
5.5
5.9
3.2
3.5
6.1
5.9
3.8
4.2
4.4
3.4
3.7
3.0
4.6
3.4
6.0
5.3
7.2
6.6
6.8
7.1
6.3
7.3
9.0
10.2
7.9
7.6
8.2
9.3
10.2
9.7
7.6
AVERAGE
20.1
20.7
21.9
23.8
25.1
26.5
27.4
28.4
30.1
31.9
33.1
34.4
35.9
37.0
38.5
39.8
41.6
43.0
45.5
48.0
51.5
54.9
58.7
62.6
66.7
71.8
78.5
86.1
93.0
100.0
108.6
118.6
130.6
143.2
AVERAGE
6.5
2.6
8.3
7.1
5.5
4.5
3.1
5.0
6.4
4.6
4.0
4.1
3.7
3.7
3.5
3.9
4.1
4.4
5.9
6.1
7.2
6.6
7.1
6.3
7.0
8.1
10.6
8.2
8.0
7.9
8.9
9.6
10.3
8.4
(NOVEMBER 1982)
C. Historical Data for Selected Series—Continued
Year
I Q
II Q
III Q
IV Q
346. REAL AVERAGE HOURLY COMPENSATION, ALL EMPLOYEES,
NONFARM BUSINESS SECTOR1
(INDEX: 1977=100)
1948
949
950
951
952
953
954
1955
1956
1957
1958
1959
I960
1961
1962
1963
1964. .
1965
1966
1967
1968
1969 . . . .
1970
1971
1972 . . .
1973
1974
1975
1976
1977
1978
1979.
1980
1981
1982
50.2
52.2
54.7
54.6
56.5
59.2
60.9
63.1
66.2
68.3
68.7
71.0
73.2
74.2
76.7
78.3
80.2
82.0
84.0
86.4
89.1
90.6
91.0
92.9
95.7
98.7
96.4
96.7
97 .8
99.6
101 .3
100.6
96.4
95.7
50.2
52.4
55.1
55.1
57.0
59.8
61 .3
63.8
67.0
68.5
68.8
71.4
73.3
74.3
76.9
78.4
80.8
82.1
84.8
87.1
89.7
90.7
91.3
93.6
96.4
98.0
96.6
97.3
99.0
99.7
100.7
99.5
95.8
95.7
50.5
52.9
55.1
56.1
57.2
60.2
61 .9
64.6
67.3
68.7
69.7
71.6
73.6
75.2
77.1
78.7
81.8
82.9
85. 3
87.2
89.8
90.8
92.2
94.2
96.9
97.9
96.4
96.8
99.4
100.1
100.5
98.5
96.3
95.1
51.6
53.1
55.4
56.0
58.4
60.5
62.6
65.1
67.8
69.1
70.3
71.8
73.7
75.8
77.7
79.5
82.0
83.5
85.5
87.5
90.4
91.1
92.0
94.1
97.6
97.3
96.1
96.8
99.7
100.5
100.4
97.4
95.7
95.1
346-C. 4-QUARTER PERCENT CHANGES IN REAL AVERAGE HOURLY
COMPENSATION, NONFARM BUSINESS3 (ANNUAL RATE, PERCENT)
1948. . .
1949
1950
1951
1952
1953
1954
1955. . .
1956
1957
1958
1959
I960
1961 ....
1962
1963
1964
1965
1966
1967
1968
1969
1970 . . .
1971
1972
1973
1974
1975
1976
1977
1978. . .
1979
1980
1981 . . .
1982
0.2
4.8
4.1
1.8
1 .9
5.3
2.9
4.3
4.3
2.0
1.4
2.8
2.8
2.1
2.6
2.0
4.0
1.3
2.9
2.3
3.0
1.1
1.6
2.2
2.8
1.0
-1.5
0.4
2.6
0.7
0.4
-2.0
-2.2
-1.2
3.1
3.0
4.4
1 .0
4.3
3.6
3.4
4.0
4.1
2.0
1.8
2.2
2.6
2.8
2.6
2.2
3.1
1.9
2.4
2.3
3.4
0.7
1.1
2.3
3.8
-0.3
-1.2
0.7
2.9
0.8
0.0
-3.1
-1.8
-0.6
4.1
4.7
-0.2
3.5
4.7
2.9
3.6
4.9
3.1
0.6
3.3
3.1
1.5
3.2
2.1
2.4
2.2
2.5
2.8
3.0
1 .8
0.4
2.2
3.0
3 .1
-2.3
0.2
1 .2
1.9
1 .6
-0.7
-4.2
-0.6
0.4
4.3
5.2
0.1
3.3
5.0
2.5
4.1
5.1
2.2
0.5
3.8
2.6
2.5
2.4
1.9
3.1
1.7
3.2
2.7
3.0
1 .1
0.6
2.6
3.0
1 .6
-1.4
0.6
1 .8
0.8
1.0
-1.2
-3.8
0.0
0.7
370-C. CHANGE FROM PRECEDING PERIOD IN OUTPUT PER HOUR,
PRIVATE BUSINESS SECTOR2 (ANNUAL RATE, PERCENT)
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
12.0
-3.8
18.3
-3.6
-0.7
4.7
-3.7
4.9
2.4
2.8
1.7
3.4
9.9
3.5
0.9
1.2
8.2
4.8
4.5
0.4
4.2
-2.4
-1.8
9.1
4.5
7.2
-7.3
0.3
6.3
5.7
-0.3
-1.3
0.6
5.6
13.1
-1.0
6.8
2.5
7.3
5.4
3.8
4.3
0.3
1.6
4.1
0.9
-5.0
12.0
1.0
4.8
1.4
1.3
-0.8
6.4
2.9
0.9
4.2
-0.7
5.2
-3.5
0.1
11.4
1.6
0.9
1 .2
-2.3
-4.3
0.0
-4.6
9.6
6.5
11.5
2.0
1.2
7 .7
-0.4
0.5
-0.2
6.0
-3.3
-1.7
2.4
6.1
5.2
4.7
5.8
2 .4
1.4
3.5
-0.4
6.9
6.1
1.9
-2.0
-2.4
6.0
1.3
5.4
-0.5
-2.1
2.6
1.1
7.3
0.6
2.9
1 .2
0.9
0.3
5.4
-1 .5
6.7
3.4
7.6
3.2
0.6
7.0
5.1
1 .9
1.9
4.9
1 .8
3.6
0.4
-0.5
-2.0
0.4
6.1
1 .1
-0.8
-1.3
0.4
-1.5
0.7
-0.7
2.0
-2.9
Annual
AVERAGE
50.6
52.6
55.1
55.5
57.3
60.0
61 .7
64.2
67.1
68.6
69.3
71.5
73.4
75.0
77.1
78.7
81.2
82.5
84.9
87.0
89.8
90.8
91.6
93.7
96.7
97.9
96.5
96.9
99.0
100.0
100.8
99.0
96.1
95.4
AVERAGE
2.9
4.4
2.1
2.4
4.0
3.6
3.5
4.6
3.4
1 .3
2.6
2.7
2.4
2 .6
2.3
2.4
2.8
2.2
2.7
2.6
2.3
0.7
1 .9
2.6
2.8
-0.7
-0.5
1 .0
2.0
1.0
-0.4
-3.3
-1.1
-0.2
PERCENT
CHANGE
5.3
1.5
7.9
2.8
3.2
3.2
1 .6
4.0
1.0
2.5
3.1
3.2
1.5
3.3
3.8
3.7
4.3
3.5
3.1
2.2
3.3
0.2
0.8
3.6
3.5
2.6
-2.4
2.2
3.3
2.4
0.6
-0.9
-0.7
1.8
Year
I Q
II Q
| III Q
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
1.5
5 .3
12.3
-6.1
3.6
5.3
2.5
3.4
7.4
3.2
-2.4
3.7
7 .7
3.1
4.8
2.9
3 .8
0.3
2.7
4.3
7.3
0.8
-0.4
4.0
7.0
4.3
-3.5
2.3
4.1
0.0
3 .3
0.5
-4.1
0.4
-0.1
0.9
2.9
4.3
3.3
4.6
2.6
4.3
4.7
1.1
0.8
2.7
0.5
4.4
1.1
0.5
2.9
0.7
3.7
3.2
2.9
0.4
1.4
2.9
3.0
-2.7
0.8
2.4
5.0
0.4
-2.2
-4.1
-2.5
-0.1
2.
4.
0.
7.
1.
2.
4.0
5.1
2.0
1.3
5.1
1.0
2.1
0.5
1.2
1.4
5.3
3.6
2.3
0.7
0.7
0.4
4.3
2.7
2.0
-0.4
-0.8
-1.8
1.5
1.3
-0.9
-3.9
2.4
-2.5
8.7
1.5
2.4
-0.8
9.0
2.4
4.5
3.1
2.5
2.3
3.7
1 .2
0.5
3 .2
3.2
4.1
0.6
3.0
1.0
1 .2
2.7
1 .1
-0.9
-0.5
3 .0
-2.4
-1 .3
0.0
1.2
1 .7
-0.3
-4.6
-2.8
-0.3
370. OUTPUT PER HOUR, ALL PERSONS, PRIVATE BUSINESS SECTOR1
(INDEX: 1977=100)
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
1963
1964
1965
1966
967
968
969
970
. . .
....
....
. . .
972
973
974
975
1976
1977
1978
1979 ....
1980
1981
1982
45.0
46.3
49.3
50.8
52.6
54.6
55.0
58.0
58.6
60.1
61.1
64.3
65.9
65.5
69.1
71.4
75.0
77.4
80.5
81.3
84.4
85.3
85.0
88.7
91.0
95.6
92.8
92.1
97.2
99.4
100.5
100.4
99.3
100.7
46.4
46.1
50.1
51.1
53.6
55.3
55.5
58.6
58.7
60.3
61.7
64.4
65.1
67.4
69.3
72.2
75.2
77.6
80.4
82.5
85.0
85.5
85.8
88.6
92.2
94.8
92.8
94.6
97.6
99.6
100.7
99.8
98.2
100.7
45.9
47.2
50.9
52.6
53.8
55.5
56.5
58.5
58.7
60.3
62.6
63.9
64.8
67.8
70.3
73.1
76.1
78.7
80.8
82.8
85.8
85.5
87.3
89.9
92.6
94.3
92.2
96.0
97.9
100.9
100.6
99.3
98.9
101.0
46.7
47.3
51.3
52.7
53.9
55.5
57 .3
58.3
59.7
60.8
63.8
64.4
64.9
68.9
71.2
73.5
76.5
79.7
81.2
83.6
85.9
85.3
86.8
90.0
94.0
94.5
92.1
95.7
98.0
100.5
100.8
99.1
99.3
100.2
370-C. 4-QUARTER PERCENT CHANGES IN OUTPUT PER HOUR,
PRIVATE BUSINESS SECTOR3
(ANNUAL RATE, PERCENT)
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
5.2
2.8
7.9
3.2
2.4
3.0
1.9
3. 5
0.4
2.7
3.8
2.1
1 .5
4.5
3.7
4.1
4.0
3.4
2.7
2.5
3.5
-0.4
2.1
3 .0
3.0
1 .8
-2.2
4.1
2.0
3.1
-0.3
-1.3
-0.5
2.2
6.7
1.2
8.5
2.8
2.3
2.9
3.2
1.8
2.4
1.9
4.8
1.0
0.8
6.2
3.3
3.3
4.0
4.2
1.9
2.9
2.7
-0.6
1.7
3.6
4.4
0.6
-2.6
4.0
2.4
2.6
0.2
-1.6
0.2
0.9
2.7
6.6
3.1
3.5
3.7
0.7
5.4
1.2
2.5
1.6
5.3
2.6
-0.7
5.5
3.3
5.0
3.2
4.1
0.9
3.9
1.1
-0.5
4.5
2.5
5.1
-3.0
-0.7
5.5
2.2
1.1
0.0
-1.1
1.4
-0.7
This series contains revisions beginning with 1948. 2 This series contains revisions beginning with 1967. Year-to-year percent changes are computed
from annual data. 3 This series contains revisions beginning with 1966. Percent changes are centered on the 3d quarter of the span. Annual figures are
averages of the centered changes.
IV Q
346-C. CHANGE FROM PRECEDING PERIOD IN REAL AVERAGE HOURLY
COMPENSATION, NONFARM BUSINESS2
(ANNUAL RATE, PERCENT)
-0.6
8.6
2.0
4.7
3.3
0.4
5.5
0.2
2 .9
2.2
4.4
1 .0
3.5
2.8
4.3
4.1
3.2
3.6
2.7
3.0
0.6
0.3
3.2
4.0
2.8
-2.1
2.0
3.1
2.1
1 .2
-0.9
-1.6
2.5
-0.4
Annual
PERCENT
CHANGE
0.8
4.0
4.8
0.7
3 .3
4.8
2.8
4.0
4.6
2.3
1 .0
3 .1
2.7
2.2
2.7
2.1
3.2
1.7
2.9
2.5
3.1
1 .1
0.9
2.3
3.2
1.3
-1.5
0.5
2.2
1.0
0.8
-1.8
-3.0
-0.7
AVERAGE
46.0
46.7
50.4
51.8
53.5
55.2
56.1
58.3
58.9
60.4
62.3
64.3
65.2
67.3
69.9
72.5
75.6
78.3
80.7
82.5
85.3
85.5
86.2
89.2
92.4
94.7
92.5
94.5
97.6
100.0
100.6
99.6
98.9
100.7
AVERAGE
3.5
4.8
5.4
3.6
2.9
1.8
4.0
1 .7
2.0
2.1
4.6
1 .7
1 .3
4.8
3.6
4.1
3.6
3.8
2.0
3.1
2.0
-0.
2.
3.
3.
-0.
-0.
4.2
2.2
2.0
-0.2
-1 .4
0.9
0.5
(NOVEMBER 1982)
103
C. Historical Data for Selected Series—Continued
Year
IQ
II Q
III Q
IV Q
Annual
310. IMPLICIT PRICE DEFLATOR, GROSS NATIONAL PRODUCT
(INDEX: 1972=100)
AVERAGE
52.7
52.4
52.6
57.0
57.6
58.8
59.6
60.6
62.4
64.6
65.8
67.6
68.6
69.2
70.5
71 .5
72.6
74.1
76.6
78.5
82.1
86.1
91.1
95.7
99.4
104.8
113.5
124.4
131.3
139.0
148.9
161.9
176.5
193.2
53.0
52.5
53.6
57.1
57.9
58.8
59.6
60.8
62.8
64.9
66.0
67.6
68.7
69.3
70.6
71.7
72.8
74.4
76.8
79.1
82.5
86.8
91.4
96.0
100.0
105.8
115.1
125.8
132.3
140.1
150.4
163.4
178.6
195.5
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
311.
52.1
52.9
52.2
56.8
57.6
58.8
59.4
60.3
61.9
64.4
65.6
67.0
68.4
68.9
70.2
71.4
72.4
73.8
75.7
78.2
81.2
85.0
89.9
94.4
98.7
103.0
110.7
122.9
130.1
136.8
145.1
158.6
172.3
190.0
53.6
52.3
54.2
57.0
57.9
59.0
59.4
61.0
63.1
65.3
66.2
67.8
68.9
69.5
70.6
71.7
73.0
74.6
77.0
79.3
82.8
87.5
91.8
96.5
100.2
106.5
116.4
126.7
132.9
141.0
152.0
165.1
180.6
197.4
53,4
52.3
55.1
57.6
58.6
58.7
59.8
61.4
63.7
65.4
66.5
68.0
69.0
69.6
71.1
72.2
73.2
75.0
77.8
80.1
84.0
88.6
93.0
97.4
101 .5
108.7
119.8
129.0
135.0
143.2
155.4
168.1
185.2
201.6
FIXED WEIGHTED PRICE INDEX, GROSS BUSINESS PRODUCT
(INDEX: 1972=100)
1948
1949. . . .
1950
1951
1952. . .
1953
] 954
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
56.1
57.0
55.9
61.3
62.0
63.0
63.6
64.2
65.8
68.5
69.7
73.2
74.1
75.0
75.5
76.2
76.6
77.6
79.0
81 .2
83.7
87.2
91.4
95.3
98.9
102.8
111.6
123.8
131.4
138.7
147.6
162.5
178.9
197.1
56.7
56.5
56.4
61.6
62.0
63.0
63.8
64.4
66.4
68.8
69.8
73.5
74.5
75.1
75.7
76.2
76.8
77.9
79.7
81 .5
84.6
88.4
92.4
96.5
99.5
104.7
114.2
125.5
132.7
141 .0
151.6
166.7
183.4
201.2
57.8
56.3
58.0
61.4
62.4
63.2
63.5
64.9
67.2
69.4
70.1
73.8
74.7
75.2
75.8
76.3
77.0
78.2
80.3
82.3
85.2
89.5
93.0
97.3
100.3
106.7
117.8
128.0
134.5
142.8
155.0
170.6
187.8
205.7
57.4
56.2
59.2
62.0
63.0
62.9
63.9
65.3
67.7
69.4
70.3
74.0
74.9
75.2
76.0
76.6
77.2
78.3
80.8
82.9
86.2
90.5
94.3
98.0
101.3
108.7
121.4
130.1
136.5
145.5
159.0
174.3
192.3
209.4
564. FEDERAL GOVERNMENT PURCHASES OF GOODS AND SERVICES
FOR NATIONAL DEFENSE2 (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
1980
1981
1982
9.8
12.7
12.4
24.0
42.4
49.1
44.3
38.6
38.3
43.3
44.5
46.1
43.9
46.0
50.9
50.2
49.8
47.1
55.1
69.4
76.1
75.3
75.8
72.0
74.3
73.4
73.9
81.3
84.8
90.6
95.3
106.6
126.8
143.1
10.3
13.4
12.5
30.3
45.6
49.5
41.9
38.1
40.3
43.9
45.4
45.5
43.8
46.7
51.3
50.5
49.5
48.3
58.4
70.4
77.2
75.6
73.0
70.1
74.0
73.0
76.1
81.0
83.7
92.7
• 99.7
109.0
130.0
150.5
10.6
13.6
14.1
37.7
46.9
48.3
39.8
39.1
40.2
44.6
45.9
45.6
44.8
46.8
51.1
50.2
48.9
49.3
62.7
72.5
76.7
77.2
72.8
68.9
71.8
71.3
77.1
83.7
86.3
93.5
101.7
112.7
130.5
154.4
12.0
13.1
16.9
42.0
48.5
47.5
38.4
38.0
41.9
44.3
46.5
45.1
45.3
48.5
50.9
50.3
47.9
53.1
65.0
73.5
77.4
77.1
72.7
70.0
72.5
73.6
81.0
86.0
89.1
94.5
104.4
119.0
138.1
166.9
AVERAGE
57.0
56.5
57.4
61.6
62.4
63.0
63.7
64.7
66.8
69.0
70.0
73.6
74.5
75.1
75.7
76.3
76.9
78.0
79.9
82.0
84.9
88.9
92.8
96.8
100.0
105.7
116.2
126.8
133.8
142.1
153.5
168.7
185.6
203.4
AVERAGE
10.7
13.2
14.0
33.5
45.8
48.6
41.1
38.4
40.2
44.0
45.6
45.6
44.5
47.0
51.1
50.3
49.0
49.4
60.3
71 .5
76.9
76.3
73.6
70.2
73.1
72.8
77.0
83.0
86.0
92.8
100.3
111.8
131.4
153.7
Year
IQ
310-C. CHANC
DEFI_,ATOR, GNP
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
I960
1961
..
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974. . . .
1975
1976
1977
1978
1979
1980
1981
1982
6.9
-3.8
-0.9
13.0
0.0
1.2
4.5
3.4
3.4
4.6
1.6
3.5
2.6
-0.4
3.4
1.8
1.1
3.4
4.1
2.6
5.1
4.7
5.8
6.0
5.6
5.7
7.5
10.7
3.6
5.5
5.3
8.5
10.5
10.9
III Q
IV Q
4.6
-3.5
3.4
1.6
-0.1
0.3
1.4
2.6
3.4
1.5
1.0
3.1
0.7
2.0
1.5
0.3
1.2
2.0
4.7
1.5
5.0
5.4
5.4
5.6
2.9
7.2
10.3
5.2
3.7
6.6
10.8
8.5
10.1
6.8
7.2
-0.7
12.4
-0.1
2.4
1.4
-0.9
2.6
4.6
4.0
2.3
1.5
1.8
1.8
0.8
1.1
2.2
2.4
2.1
3.9
3.4
6.6
3.2
3.5
3.4
7.0
10.8
7.4
4.9
5.9
8.7
8.3
9.6
9.0
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
7.3
-3.0
-2.0
15.1
-0.1
0.1
4.9
2.2
3.1
4.6
1.3
3.4
0.5
0.6
1.6
0.8
0.4
1.8
3.3
1.7
3.8
4.7
4.1
4.6
3.7
5.8
11.2
8.0
3.8
6.5
5.9
9.1
11.0
10.4
4.6
-3.4
3.5
2.1
0.0
-0.2
1.1
1.4
3.3
1.5
0.9
1.6
1.9
0.3
0.8
0.1
0.7
1.8
3.5
1.7
4.4
5.3
4.5
5.0
2.5
7.5
9.9
5.6
4.2
6.8
11.4
10.8
10.4
8.6
7.6
-1.5
11.6
-1.2
2.5
1.8
-1 .5
2.7
5.0
4.0
1.4
1 .6
1 .2
0.7
0.8
0.7
1.3
1.4
2.9
3.6
3.1
5.1
2.5
3.3
3.1
7.9
13.0
8.2
5.4
5.2
9.3
9.8
9.9
9.3
-1.9
0.0
6.5
4.2
4.7
-1 8
2.1
2.4
3.5
0.5
1.9
1.2
0.5
0.7
2.6
2.9
1 .0
2.2
4.0
4.4
5.7
5.3
5.5
3.7
5.2
8.6
12.1
7.5
6.5
6.4
9.1
7.3
10.5
8.8
-2.6
-0.6
8.5
4.2
3.6
-2.4
2.1
2.7
3.4
0.1
1.2
1.2
1.1
0.1
1.1
1 .3
1.0
0.9
3.0
3.1
4.9
4.8
5.6
2.9
4.4
7.6
12.9
7.0
6.3
7.9
10.7
8.8
10.0
7.4
565. NATIONAL DEFENSE PURCHASES AS A PERCENT OF GROSS
NATIONAL PRODUCT2 (PERCENT)
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
3.9
4.9
4.6
7.5
12.4
13.4
12.2
9.9
9.3
9.8
10.2
9.7
8.7
9.1
9.2
8.6
8.0
7.0
7.5
8.9
9.0
8.2
7.8
6.9
6.5
5.7
5.3
5.5
5.1
4.9
4.7
4.6
4.9
5.0
4.0
5.2
4.5
9.2
13.3
13.4
11.6
9.6
9.6
9.9
10.3
9.3
8.7
9.0
9.1
8.5
7.8
7.1
7.8
8.9
8.9
8.1
7.4
6.6
6.3
5.6
5.3
5.3
4.9
4.9
4.7
4.6
5.1
5.2
4.0
5.3
4.8
11.3
13.5
13.1
10.9
9.7
9.5
9.9
10.1
9.3
8.8
8.9
9.0
8.3
7.6
7.1
8.2
9.0
8.7
8.1
7.
6.
6.
5.
5.
5.
5.0
4.8
4.6
4.6
4.9
5.2
Annual
PERCENT
CHANGE !
(ANNUAL RATE, PERCENT)
311-C. CHANGE FROM PRECEDING PERIOD IN FIXED WEIGHTED
PRICE INDEX
(ANNUAL RATE, PERCENT)
NOTE: Unless otherwise noted, these series contain revisions beginning with 1973.
'Year-to-year percent changes are computed from annual data. 2 This series contains revisions beginning with 1977.
annual data for series 200 and 564.
104
| ll Q
4.5
5.1
5.5
12.4
13.5
13.1
10.2
9.2
9.7
10.0
10.0
9.1
9.0
8.9
8.9
8.2
7.4
7.4
8.4
8.9
8.6
8.0
7.2
6.3
5.9
5.3
5.5
5.3
5.0
4.8
4.6
4.8
5.0
5.6
6.9
-0.9
2.1
6.6
1.4
1.6
1.2
2.2
3.2
3.4
1.7
2.4
1.6
0.9
1.8
1 .5
1.5
2.2
3.2
3.0
4.4
5.1
5.4
5.0
4.2
5.8
8.8
9.3
5.2
5.8
7.4
8.6
9.3
9.4
PERCENT
CHANGE1
6.9
-0.9
1.6
7.3
1.3
1.0
1.1
1.6
3.2
3.4
1.4
2.0
1.2
0.8
0.8
0.7
0.8
1.4
2.5
2.6
3.6
4.7
4.4
4.3
3.3
5.7
9.9
9.2
5.5
6.2
8.0
9.9
10.1
9.6
AVERAGE3
4.1
5.1
4.9
10.1
13.2
13.2
11.2
9.6
9.5
9.9
10.1
9.3
8.8
9.0
9.0
8.4
7.7
7.1
8.0
8.9
8.8
8.1
7.4
6.5
6.2
5.5
5.4
5.4
5.0
4.8
4.6
4.6
5.0
5.2
(NOVEMBER 1982)
Annual figures are computed from
G. Experimental Data and Analyses
(Dec.) (Nov.)
P
T
Year
and
quarter
Implicit price
deflator, gross
nonfarm business
product1
(Index: 1977=100)
Unit labor cost,
all persons, nonfarm
business sector1
123.6
127.2
129.9
132.7
127.8
132.5
134.7
136.8
136.5
138.9
142.3
145.5
139.0
141.9
145.1
149.0
146.6
148.1
r!49.8
151.6
153.5
r!54.5
(Mar.)
Components of BCD series 26—
in
(Index: 1977=100)
1980
I Q....
II Q...
Ill Q..
IV Q...
(Nov.)
Implicit price deflator, gross nonfarm
business product, Q
(index: 1977 = 100)
1981
I Q....
II Q...
Ill Q..
IV Q...
1982
I Q....
II Q...
Ill Q..
IV Q...
Unit labor cost, all persons, nonfarm
business sector, Q
(index: 1977 = 100)
Inventory-sales ratios in 1972 dollars (ratio)
Inventory-sales ratios in 1972 dollars 2
Year
and
month
Manufacturing
(Ratio)
Merchant
wholesalers
(Ratio)
Retail trade
(Ratio)
1981
Jan. . . .
Feb....
Mar
Apr
May
June. . .
1.98
1.97
1.98
1.97
1.99
1.95
1.34
1.34
1.36
1.37
1.39
1.42
1.36
1.37
1.36
1.38
1.40
1.41
July. . .
Aug
Sept...
Oct....
Nov
Dec
1.98
2.01
2.04
2.12
2.15
2.14
1.39
1.43
1.41
1.44
1.43
1.46
1.43
1.42
1.44
1.48
1.48
1.47
2.19
2.14
2.13
2.16
2.09
2.08
1.49
1.42
1.40
1.45
1.37
1.42
1.48
1.44
1.45
1.45
1.40
1.47
2.09
r2.12
p2.11
(NA)
1.45
rl.45
pi. 49
(NA)
1.46
1.49
pi. 49
(NA)
Merchant wholesalers
1982
Jan
Feb....
Mar
Apr. . . .
May....
June. . .
July...
Aug
Sept...
Oct....
Nov
Dec....
Mi III III
in in in in in in HI
1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982
NOTE:
The "r" indicates revised; "p", preliminary; and "NA", not available.
1
Source: U.S. Department of Labor, Bureau of Labor Statistics.
2
Source: U.S. Department of Commerce, Bureau of Economic Analysis.
105
G. Experimental Data and Analyses—Continued
(Aug.) (Apr.)
(Apr.) (Feb.)
(Nov.)
(Mar.)
ill ill 11* t i l ill in MI 1 1 1 1 1 1 1 1 1 111 1 1 1 1 1 1 1 1 1 1 1 1 m in iM MM 111:411 in in in in m\ in in
Arithmetic
scale
Changes in sensitive
Month-to-month differences (ann. rate, bil. dot.; moving avg.—4-term1)
Month-to-month percent changes (ann. rate, percent; moving avg.—4-term1)
10
1 1 1 1 1 1 1 1 1 mi 1 1 1 1 1 1 1 \m\ 1 1 1 1 1 1 1 1 1 1 1 n 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 J ni I n 11 n 11111 him 111 n 1 1 1 1 1 1 1 1 1 1 1 1 1 m\ 1111 i 111
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
Year
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Nov.
Dec.
104.6
44.1
94.0
r42.7
70.3
r99.7
p-4.3
89.4
r76.8
94.5
54.6
7.7
3.6
p-3.3
9.4
3.7
8.4
3.5
6.4
8.4
p-0.4
8.1
6.4
8.5
4.6
Oct.
Sept.
Month-to-month differences in sensitive credit—monthly data (annual rate, billions of dollars)
198019811982-
151.2
r84.6
88.2
122.9
r74.3
86.0
82.9
r50.8
r44.8
8.9
r!21.4
r72.6
-43.2
r!32.8
r73.4
22.9
r!02.3
23.1
0.9
rl!5.9
r-24.6
73.9
r!08.9
rO.O
94.1
rllO.7
19.7
84.9
r43.1
p-40.8
1
Month-to-month differences in sensitive credit—smoothed data (annual rate, billions of dollars)
198019811982-
95.3
r94.5
50.8
112.1
r89.4
r65.3
120.8
r77.1
r72.7
95.3
r76.0
r70.4
43.9
r91.9
r65.7
6.2
rllO.2
r60.0
-5.1
rl!7.9
r40.2
13.0
rl!3.0
rll.7
44.4
rllO.4
-1.1
Month-to-month percent changes in sensitive credit—monthly data (annual rate, percent)
198019811982-
14.2
7.5
7.3
11.4
6.5
7.0
7.6
4.4
3.6
0.8
10.6
5.9
-4.0
rll.5
5.9
2.1
r8.8
1.9
0.1
r9.9
-2.0
6.8
9.2
0.0
8.6
9.3
1.6
Month-to-month percent changes in sensitive credit—smoothed data1 (annual rate, percent)
198019811982-
9.1
8.5
4.2
10.6
8.0
5.4
11.3
6.8
6.0
6.6
5.7
4.0
8.0
5.3
0.6
r9.6
4.9
-0.5
rlO.2
3.2
1.2
r9.7
1.0
4.1
r9.4
-0.1
NOTE: See "New Features and Changes for This Issue" on page iii of the August 1982 issue.
SOURCE: These series are compiled by the Bureau of Economic Analysis from data supplied by the Board of Governors
of the Federal Reserve System and the Federal Home Loan Bank Board.
series is a weighted 4-term moving average (with weights 1,2,2,1) placed on the terminal month of the span.
106
G. Experimental Data and Analyses—Continued
Net Contributions of Individual Components to the Leading, Roughly Coincident, and Lagging Composite Indexes
Net contribution to index
Basic data
(and
Series title
unit of measure)
LEADING INDICATORS
1. Average workweek, production workers,
manufacturing (hours)
5. Average weekly initial claims, State
unemployment insurance 1 (thousands)
8. New orders for consumer goods and materials
in 1972 dollars (billion dollars)
32. Vendor performance, companies receiving
slower deliveries (percent)
*12. Net business formation
(index: 1967=100)
20. Contracts and orders for plant and equipment
in 1972 dollars (billion dollars)
29. New building permits, private housing
units (index: 1967=100)
36. Change in inventories on hand and on order in
1972 dol., smoothed2 (ann. rate, bil. do! . ) .
92. Change in sensitive crude materials
prices, smoothed2 (percent)
19. Stock prices, 500 common stocks
(index: 1941-43=10)
104. Change in total liquid assets, smoothed2
(percent)
106. Money supply (M2) in 1972 dollars
(billion dollars)
910. Composite index of 12 leading indicators 3
(index: 1967=100)
ROUGHLY COINCIDENT INDICATORS
41. Employees on nonagri cultural 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 3 (index: 1967=100)
LAGGING INDICATORS
91. Average duration of unemployment1
(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 3
(index: 1967=100)
July
1982
Sept.
Aug.
1982
39.2
1982
39.0
Oct.
1982
r38.7
p38.7
515
597
671
670
30.69
29.63
r29.66
p27.10
37
40
40
44
NA
NA
NA
NA
rll.08
r!2.30
pll.97
10.80
85.8
71.7
81.0
94.7
July
to
Aug.
1982
Aug.
to
Sept.
1982
-0.19
-0.28
0.00
-0.46
-0.37
0.01
0.01
-0.56
0.12
0.00
0.17
NA
-0.07
-0.57
0.39
0.55
rO.59
109.38
109.65
122.43
132.66
0.02
rl.02
rei.12
rei.10
eO.94
0.35
827.1
834.6
r836.6
p838.3
r!30.0
129.7
r!31.1
p!31.4
p88,925
0.58
NA
0.26
rO.87
0.96
NA
0.06
p-5.42
NA
Oct.
1982
-0.20
r-9.30
r-12.84
Sept.
to
0.24
-0.04
0.27
-0.13
0.74
NA
-0.01
0.59
-0.07
-0.62
0.10
0.09
1.08
0.23
-0.20
-0.11
-0.30
-0.06
-0.11
-0.19
-0.29
0.38
-0.23
89,535
r89,312
r89,188
rl, 069.0
rl,067.8
rl,065.4
r!38.4
r!37.4
p!36.3
-0.08
-0.20
r!49,699
p!49, 390
NA
-0.32
-0.05
r!31.5
r!30.7
p!29.4
-0.83
-0.61
-0.99
-0.23
-0.15
-0.33
138.8
151,927
132.6
15.6
16.2
16.6
pi, 062. 2
17.2
NA
265.57
r265.46
p265.91
NA
-0.02
0.08
r230.2
r229.6
r229.3
p229.0
-0.08
-0.04
-0.06
16.26
14.39
13.50
12.52
-3.64
-1.73
-2.86
214,499
r214,906
r218,391
p219,452
0.04
0.35
r!2.86
12.83
p!2.85
NA
-0.10
0.07
r!82.4
r!74.9
r!72.1
p!66.6
-4.11
-1.60
NA
0.16
NA
-3.20
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 BUSINESS CONDITIONS DIGEST (pp. 106107) for weights and standardization factors. NA, not available, p, preliminary, r, revised, e, estimated.
x
This
2
This
3
series is inverted in computing the composite index; i.e., a decrease in this series is considered an upward movement.
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.
*See "New Features and Changes for This Issue," on page iv of the July 1982 issue.
107
G. Experimental Data and Analyses—Continued
Recession Comparisons: Current and Selected Historical Patterns
I I I I I I I I I I I I I I I I I I I I I I I I I I DeviI I I I Actual
I I I I I I I I
DEVIMONTHS
FROM ATIONS CURRENT MONTH
data
ations
REF.
FROM ACTUAL
AND
for
from
7/81
PEAK
DATA YEAR
reference
current
cycle
peaks
SERIES
73
1967=100
73. Industrial production, durable
manufactures
Percent
+4
Deviations
from
reference
peaks
82. Rate of capacity utilization,
manufacturing (FRB)
3
4
-4.0
-6.4
137.8
134.4
10/81
11/81
Actual
5
6
7
8
-8.6
-11.5
-10.0
-10.7
131.3
127.1
129.3
128.2
12/81
1/82
2/82
3/82
-i +5
9
10
11
12
-11.8
-12.2
-12.6
-12.3
126.7
126.1
125.5
125.9
4/82
5/82
6/82
7/82
13
14
15
-13.0
-14.0
-15.4
124.9
123.5
121.5
8/82
9/82
10/82
Actual
data
for
current
cycle
• 80
• 145
• 140
• 135
QRTRS . DEVIFROM ATIONS CURRENT QRTR.
REF.
FROM ACTUAL
AND
PEAK HI/81
DATA
YEAR
-5
SERIES
82
PERCENT
• 130
-12
-3 - 0 . 2
-2
0.6
-1
0.5
79.1
IV/80
79.9
79.8
1/81
11/81
79.3
HI/81
-4.5
-7.7
-9.0
-9.6
74.8
71.6
70.3
IV/81
1/82
11/82
69.7
HI/82
• 125
-16
-20
• 120
-10
• 75
• 70
• 65
-15
•us
• 60
-J-20
74. Industrial production, nondurable
manufactures
MONTHS DEVIFROM ATIONS CURRENT MONTH
AND
FROM ACTUAL
REF.
7/81
DATA YEAR
PEAK
Percent
SERIES
74
1967=100
+12
+8
• 180
+4
U70
• 160
-2.6
-4.1
162.8
160.3
10/81
11/81
5
6
7
8
-5.8
-7.2
-5.6
-5.9
157.4
155.1
157.8
157.3
12/81
1/82
2/82
3/82
9
10
11
12
-6.6
-7.2
-7.1
-6.8
156.1
155.0
155.3
155.7
13
14
15
-6.2
-6.2
-6.3
156.8
156.8
156.5
,,,,1,,,.,!,,,,,!,,,,,!,
+6
+12
+18
• 170
8/82
9/82
10/82
-5
• 160
-10
BIL. DOL.
-3
-2
-1
H40
-4.3
-2.4
-2.2
0.2
-1.1
-4.1
-6.8
166.4
IV/80
169.7
170.1
1/81
11/81
173.9
HI/81
174.2
172.0
166.7
IV/81
1/82
11/82
162.0
HI/82
+24
NOTE: For an explanation of these charts, see "How to Read Charts" on p. 107 of the August 1982 issue.
• 180
4/82
5/82
6/82
7/82
Months from reference peaks
108
+5
SERIES
86
ANN. RATE
-12
0
Percent
QRTRS . DEVIFROM ATIONS CURRENT QRTR.
FROM ACTUAL
AND
REF.
PEAK HI/81
DATA
YEAR
• 150
I
W\
3
4
-8
-16
86. Nonresidential fixed investment,
total, 1972 dollars
• 150
-15
In...
•6
.....I
0
+6
I.....I.....I
+12
+18
Months from reference peaks
+24
G. Experimental Data and Analyses—Continued
Recession Comparisons: Current and Selected Historical Patterns—Continued
I I I I I I I I I I I I I I I I I I I I I I I I I IT 1 1 I I TT TIT Tl
91. Average duration of unemployment
(inverted)
Deviations
from
reference
peaks
Actual
data
for
current
cycle
Actual
-2
1981
MONTHS DEVIFROM ATIONS CURRENT MONTH
REF.
FROM ACTUAL
AND
PEAK
7/81
DATA YEAR
3
4
-0.5
-1.0
SERIES 91
WEEKS
13.6
13.1
10/81
11/81
5
6
7
8
-1.3
-0.6
0.
-0.2
12.8
13.5
14.1
13.9
12/81
1/82
•2/82
3/82
9
10
11
12
0.1
0.5
2.4
1.5
14.2
14.6
16.5
15.6
4/82
5/82
6/82
7/82
13
14
15
2.1
2.5
3.1
16.2
16.6
17.2
8/82
9/82
10/82
930. Composite index of 6 lagging
indicators
MONTHS DEVIFROM ATIONS CURRENT MONTH
REF.
FROM ACTUAL
AND
PEAK
7/81
DATA YEAR
+ 1 •«
+ 3 *17
+4
018
+ 6 «20
+7
104. Change in total liquid assets,
smoothedl
021
3
4
SERIES 930
1967=100
10/81
-1.6
189.5
11/81
184.9
-4.0
5
6
7
8
-5.7
-5.3
-4.5
-4.6
181.7
182.3
184.0
183.7
12/81
1/82
2/82
3/82
9
10
11
12
-4.2
-4.4
-4.7
-5.3
184.5
184.2
183.5
182.4
4/82
5/82
6/82
7/82
13
14
15
-9.2
-10.6
-13.5
174.9
172.1
166.6
8/82
9/82
10/82
MONTHS
FROM
REF.
PEAK
3
4
CURRENT MONTH
AND
ACTUAL
DATA YEAR
SERIES 104 *
PERCENT
0.92
0.90
9
10
11
12
1.0
0-8
0-6
0.4
0-2
6
0
4-6
+12
+18
+24
940. Ratio, coincident index to lagging
10/81
11/81
0.87
0.85
0.82
0.85
12/81
1/82
2/82
3/82
0.93
0.98
1.00
1.02
4/82
5/82
6/82
7/82
• 75
1.12
8/82
13
1.10
9/82
14
0.94
10/82
15
MONTHS DEVIFROM ATIONS CURRENT MONTH
AND
FROM ACTUAL
REF.
7/81
DATA YEAR
PEAK
3
4
SERIES 940
1967=100
-0.4
73.8
10/81
1.1
74.9
11/81
5
6
7
8
1.3
-0.7
-0.4
-0.8
75.1
73.6
73.8
73.5
12/81
1/82
2/82
3/82
9
10
11
12
-2.0
-1.2
-2.0
-1.9
72.6
73.2
72.6
72.7
4/82
5/82
6/82
7/82
13
14
15
1.5
2.4
4.9
75.2
75.9
77.7
8/82
9/82
10/82
• 65
15
• 60
-J -20
-6
Months from reference peaks
0
+6
+12
+18
+24
Months from reference peaks
NOTE: For an explanation of these charts, see "How to Read Charts" on p. 107 of the August 1982 issue.
l
This series is a weighted 4-term moving average (with weights 1,2,2,1) placed on the terminal month of
of the span.
109
ALPHABETICAL INDEX-SERIES FINDING GUIDE
Series titles
(See complete titles in "Titles and Sources of
Series," following this index)
Curren t issue
(pageni mbers)
Series
number
Charts
Tables
Historical
Series
data
descriptions
(issue date)
(*)
A
Accession rate, manufacturing
Agricultural products, exports
Anticipations and intentions
Business expenditures, new plant and equipment
Business expenditures new plant and equipment Dl
Consumer sentiment index
Employees, manufacturing and trade, Dl
Inventories manufacturing and trade Dl
New orders manufacturing Dl
Prices, selling, manufacturing, Dl
Prices selling retail trade Dl
Prices, selling, wholesale trade, Dl
Profits, net, manufacturing and trade, Dl
Sales, net, manufacturing and trade, Dl
Automobiles
Expenditures, personal consumption
Imports of automobiles and parts
2
604
16
56
61
92
977
38
972
973
38
38
67
76
65
76
76
76
76
76
76
76
76
55
616
22
56
65
92
61
970
24
38
58
22
974
975
38
38
971
38
976
978
38
38
8/81
12/81
18
64
6/82
6/82
1/82
1/82
1/82
1/82
1/82
1/82
1/82
1/82
1/82
34
34
31
48
48
48
48
49
48
48
48
9/82
12/81
50
64
B
Balance of payments-See International transactions.
Bank loans to businesses, loans outstanding
Bank loans to businesses, net change
Bank rates-See Interest rates.
Bank reserves
Free reserves
Member bank borrowing from Federal Reserve
Bonds-See Interest rates.
Borrowing-See Credit.
Budget-See Government.
Building-See Construction.
Building permits, new private housing
Business equipment, industrial production
Business expenditures, new plant and equipment
Business expenditures, new plant and equipment, D 1 . . . .
Business formation
Business incorporations
Business inventories-See Inventories.
Business loans-See Bank loans.
Business saving
72
112
93
94
15,35
32
33
33
73
72
72
72
3/82
3/82
1/82
1/82
6/82
7/81
6/82
6/82
43
43
45
45
13
13,25
24
24
38
33
12,23
23
67
67
67
76
72
65
65
12/81
3/82
35
24
34
34
44
32
32
295
46
82
11/82
37
29
76
61
970
12
C
Canada— See International comparisons
Capacity utilization
Manufacturing (BEA)
Manufacturing (FRB)
Materials
Capital appropriations manufacturing
Backlog
Newly approved
Newly approved Dl
Capital investment-See Investment, capital.
Capital investment commitments, Cl
Cash flow, corporate, constant dollars . •
Cash flow, corporate, current dollars
Civilian labor force-See also Employment.
Employment
Employment as percent of population
Total
Unemployed
Coincident indicators, four
Composite index
Composite index, rate of change
Diffusion index
Ratio to lagging indicators, composite index
Commercial and industrial buildings, contracts awarded . .
Commercial and industrial loans outstanding
Commercial and industrial loans outstanding, net change .
Compensation
Compensation average hourly all employees
nonfarm business sector
Compensation average hourly all employees,
nonfarm business sector, percent changes . .
Compensation of employees
Compensation of employees, percent of national
income
Compensation, real average hourly, all employees,
nonfarm business sector
Compensation, real average hourly, all employees,
nonfarm business sector, percent changes
Earnings, average hourly, production workers,
private nonfarm economy
Earnings, average hourly, production workers
private nonfarm economy, percent changes
Earnings real average hourly production
workers private nonfarm economy
Earnings real average hourly production
workers, private nonfarm economy, percent changes .
Wage and benefit decisions, first year
Wage and benefit decisions, life of contract
Wages and salaries, mining, manufacturing, and
construction
83
82
84
20
20
20
64
64
64
8/81
8/81
8/81
25
25
25
97
11
965
24
24
37
66
66
75
10/81
10/81
10/81
33
33
33
914
11
29
29
60
70
70
n/8i
8/82
8/82
15
37
37
35
34
51
18
51
18 51
89
62
89
62 89
4/82
3/82
4/82
3/82
20
20
20
20
60
74"
60
66
73
72
11/81
11/81
2/82
11/81
3/82
3/82
3/82
15
9
72
112
10
39
36
11
23
15,35
32
15
15
32
43
43
345
49
87
11/82
56
345c
280
50
45
87
82
11/82
10/82
56
56
64
30,47
70,83
10/82
56
346
49
88
11/82
56
346c
50
88
11/82
56
340
49
87
6/82
15
340c
50
87
6/82
1C
341
49
87
7/82
15
442
90
441
37
920
920c
951
940
341 c
348
349
50
50
50
87
88
88
7/82
8/81
8/81
62
62
53
19
63
9/82
22
15
Series titles
(See complete titles in "Titles and Sources of
Series," following this index)
Composite indexes
Coincident indicators
Four coinciders
Four coinciders, rate of change
Ratio to lagging indicator index
Lagging indicators
Six laggers
Six laggers rate of change
Leading indicators
Capital investment commitments
Inventory investment and purchasing
Marginal employment adjustments
Money and financial flows
Profitability
Twelve leaders
Twelve leaders, rate of change
Construction
Building permits, new private housing
Contracts awarded, commercial and industrial bldgs. . .
Expenditures, plus machinery and-equipment sales
Gross private domestic fixed investment
Nonresidential as percent of GNP
Nonresidential structures, constant dollars
Nonresidential, total, constant dollars
Residential as percent of GNP
Residential, total, constant do lars
Consumer finished goods-See Wholesale prices.
Consumer goods and materials, new orders
Consumer installment debt
Debt outstanding
Net change
Ratio to personal income
Consumer installment loans delinquency rate
Consumer prices-See also International comparisons.
All items index
All items percent changes
Food, index
Food, percent changes
Charts
60
10
39
n
60"
930
930c
10
39
60
914
915
916
n
n
n
n
n
910
910c
10
39
60
60
60
60
60
60
29
9
69
13,25
23
24
248
87
86
249
on
Series
Historical
descriptions
data
(issue date)
(*)
11/81
11/81
15
n/8i
n/8i
n/8i
n/8i
n/8i
n/8i
n/8i
n/8i
n/si
n/si
15
67
66
67
6/82
3/82
9/82
35
32
28
47
25
25
47
83
67
67
83
28
51
51
51
51
51
25
CJ
10/82
9/82
9/82
10/82
9/82
3/82
8
12,21
22
64
65
8/82
7/81
26
24
66
113
95
39
35
32
15 35
33
73
72
73
72
5/82
5/82
1 1 /P.?
2/82
320
49
49 59
49
49
22
84 95
84 95
84
84
65
5/82
5/82
5/82
5/82
1/82
59
59
59
59
20
12,23
66
10
116
34
73
8/82
8/82
2/82
32
32
46
110
72
32
32
15,35
72
72
73
3/82
11/82
3/82
43
44
43
66
113
95
39
33
35
32
15 35
33
32
73
72
73
72
71
5/82
5/82
1 1/82
2/82
3/82
43
43
43
45
42
525
564
548
53
55
53
53
90
91
90
90
4/82
1 1/82
10/81
7/82
64
53
26
33
12,21
72
64
2/82
2/82
45
28
974
963
967
38
37
36
38
36
37
6/82
10/81
2/82
1/82
7/82
1/82
34
33
15
48
15
36
966
37
7/82
24
962
975
952
950
964
36"
38
36
36
37
1/82
1/82
2/82
2/82
8/82
48
15
15
26
971
38
37
38
38
38
37
38
38
36
76
75
74
76
74
75
79
75
78
74
76
74
74
75
77
76
75
76
76
76
913
917
320c
322
322c
112
or
15
15
15
15
15
15
15
A •)
43
A')
AC
D
Debt-See Credit.
Defense
Military prime contract awards
National defense purchases
New orders, defense products
Obligations incurred
Deficit-See Government.
Deflators-See Price indexes.
Delinquency rate, consumer installment loans
Deliveries, vendor performance
Diffusion indexes
Business expenditures, new plant and equipment
Capital appropriations, manufacturing
Coincident indicators
Employees manufacturing and trade
Employees on private nonagricultural payrolls
Industrial materials prices
Industrial materials prices components
Industrial production
Industrial production, components
Initial claims, State unemployment insurance
Inventories, manufacturing and trade
Lagging indicators
Leading indicators
New orders, durable goods industries
New orders, durable goods industries, components ....
New orders, manufacturing
. . .
Prices 500 common stocks
Prices selling manufacturing
Prices selling retail tiade
Prices selling wholesale trade
Profits manufacturing
Profits, net, manufacturing and trade
Sales, not, manufacturing and trade
Workweek, mfg. production workers
Workweek, mfg. production workers, components
Disposable personal income-See Income.
517
39
32
970
965
951
968
976
978
977
960
972
973
961
NOTE: CI, composite index; Dl, 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).
110
Tables
920
920c
940
CO
Consumption expenditures-See Personal consumption
expenditures.
Contracts and orders, plant and equipment, constant dol. .
Contracts and orders, plant and equipment, current dol. . .
Corporate bond yields
Corporate profits-See Profits.
Costs-See Labor costs and Price indexes.
Credit
Bank loans to businesses net change
Borrowing total private
Commercial and industrial loans outstanding
....
Consumer installment debt
Debt outstanding
Net change
Ratio to personal income
Consumer installment loans, delinquency rate
Mortgage debt net change
Crude materials-See Wholesale prices.
Curren issue
(page n jmbers)
Series
7C
76
76
74
77
1/82
2/82
1/82
1/82
1/82
8/81
1/82
1/82
7/82
is"
48
36
48
/in
ft 0
&8
48
15
ALPHABETICAL INDEX-SERIES FINDING GUIDE-Continued
Series titles
(See complete titles in "Titles and Sources of
Series," following this index)
Current issue
(page numbers)
Series
Charts
Tables
Historical
Series
data
descriptions
(issue date)
(*)
E
Earnings-See Compensation.
Employment and unemployment
Accession rate, manufacturing
Civilian labor force total
Employee hours in nonagricultural
establishments
Employee hours in nonagricultural
establishments, rate of change
Employees in mining, mfg., and construction
Employees, manufacturing and trade, Dl
Employees on nonagricultural payrolls
Employees on private nonag. payrolls, Dl
Employment, ratio to population
Employment, total civilian
Help-wanted advertising in newspapers
Help-wanted advertising, ratio to unemployment
Initial claims, State unemployment insurance
Initial claims, State unemployment insurance, Dl
Layoff rate, manufacturing
Marginal employment adjustments, Cl
Overtime hours, mfg. production workers
Participation rate, both sexes, 16-19 years old
Participation rate, females 20 years and over
Participation rate, males 20 years and over
Part -time workers for economic reasons
Persons engaged in nonagricultural activities
Quit rate, manufacturing
Unemployed, both sexes, 16-19 years old
Unemployed, females 20 years and over
Unemployed, full-time workers
Unemployed, males 20 years and over
Unemployment average duration
Unemployment rate, 15 weeks and over
Unemployment rate, insured, average weekly
Unemployment rate, total
Unemployment, total civilian
Workweek, mfg. production workers
Workweek, mfg. production workers, components . . . .
Workweek, mfg. production workers, Dl
Equipment-See Investment, capital.
Exports-See Foreign trade and International transactions.
2
441
16
51
61
89
8/81
4/82
18
20
48
17
61
11/82
15
48c
40
974
41
963
90
442
46
60
5
962
3
913
21
453
452
451
448
42
4
446
445
447
444
91
44
45
43
37
1
39
17
38
14,17
36
18
51
17
17
12,16
36
16
11
16
51
51
51
51
17
16
51
51
51
51
15,18
18
18
18
18,51
12,16
11/82
7/82
1/82
7/82
7/82
3/82
4/82
7/82
3/82
2/82
1/82
8/81
11/81
7/8?
4/82
4/82
4/82
4/82
3/82
8/81
4/82
4/82
4/82
4/82
3/82
3/82
3/82
3/82
3/82
7/82
15"
48
15
15
20
20
19
19
18
13
18
15
15
20
20
20
20
20
18
20
20
20
20
20
20
18
20
20
15
961
36"
7/82
is"
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
F
Federal funds rate
Federal Government-See Government.
Federal Reserve, member bank borrowing from
Final sales in constant dollars
Financial flows, and money, Cl
Fixed investment-See Investment, capital.
Fixed weighted price index, NIPA
Fixed weighted price index, percent changes, NIPA
Food-See Consumer prices.
Foreign trade-See also International transactions.
Balance on goods and services
Balance on merchandise trade
Exports, merchandise, adjusted, exc. military
Exports, merchandise, total exc. military aid
Exports of agricultural products
Exports of goods and services, constant dol., NIPA ....
Exports of goods and services, current dol., NIPA
Exports of goods and services, exc. military
Exports of nonelectrical machinery
Imports, merchandise, adjusted, exc. military
Imports, merchandise, total
Imports of automobiles and parts
Imports of goods and services, constant do!., NIPA ....
Imports of goods and services, current dol., NIPA
Imports of goods and services total
Imports of petroleum and products
Net exports, goods and services, constant dol., NIPA . .
Net exports, goods and services, current dol., NIPA ...
Net exports, goods and services, percent of GNP, NIPA
France-See International comparisons.
Free reserves
119
34
72
2/82
46
94
213
917
33
40
11
72
80
60
1/82
10/82
11/81
45
49
15
311
311c
48
48
84
84
11/82
11/82
58
£9
667
622
618
602
604
256
252
668
606
620
612
616
257
253
669
614
255
250
251
57
57
57
56
56
44
44
57
56
57
56
56
44
44
57
56
44
44
47
93
93
93
92
92
82
82
93
92
93
92
92
82
82
93
92
82
82
83
8/82
8/82
8/82
5/82
12/81
10/82
10/82
8/82
12/81
8/82
5/82
12/81
10/82
10/82
8/82
12/81
10/82
10/82
10/82
65
65
65
64
64
54
54
65
64
65
64
64
54
54
65
64
54
54
54
93
33
72
1/82
45
49
20
63
8/82
25
502
501
500
512
511
510
298
52
52
52
52
52
52
46
90
90
90
90
90
90
83
9/82
9/82
9/82
9/82
9/82
9/82
11/82
62
62
62
62
62
62
58
263
262
265
564
267
266
268
261
260
43
43
47
55
43
43
47
43
43
81
81
83
91
81
81
83
81
81
11/82
11/82
11/82
11/82
11/82
11/82
11/82
11/82
53
53
53
53
53
53
53
53
53
G
Goods output in constant dollars
Government budget, NIPA
Federal expenditures
Federal receipts
Federal surplus or deficit
State and local expenditures
State and local receipts
State and local surplus or deficit
Surplus or deficit, total
Government purchases of goods and services
Federal, constant dollars
Federal current dollars
Federal, percent of GNP
National defense
State and local, constant dollars
State and local, current dollars
State and local, percent of GNP
Total, constant dollars
Total current dollars
n/82
Series titles
(See complete titles in "Titles and Sources of
Series," following this index)
Gross business product
Fixed weighted price index
Fixed weighted price index percent changes
Gross domestic product, labor cost per unit
Gross national product
GNP constant dollars
GNP constant dollars differences
.
GNP constant dollars percent changes
GNP current dollars . .
GNP current dollars differences
GNP current dollars percent changes
GNP ratio to money supply
Goods output in constant dollars
Implicit price deflator
Implicit price deflator, percent changes
Per capita GNP constant dollars
Gross private domestic invest.-See Investment, capital.
Current issue
(page numbers)
Series
Charts
Tables
Historical Series
descriptions
data
(issue date)
(*)
311
311c
68
48
48
30
84
84
70
n/82
n/82
9/82
£8
59
39
50
50b
50c
200
200b
200c
107
49
310
310c
217
19,40
31 "
20
48
48
40
63,80
80
80
80
80
80
71
63
84
84
80
8/82
8/82
8/82
8/82
8/82
8/82
8/82
8/82
11/82
11/82
10/82
49
49
49
49
49
49
40
25
49
49
49
46
60
17
17
61
61
7/82
3/82
19
19
21
1
16
12,16
7/82
7/82
15
15
39"
40
H
Help-wanted advertising in newspapers
Help-wanted advertising ratio to unemployment
Hours of production workers, manufacturing
Average weekly overtime
Average workweek
Average workweek, components
Average workweek Dl
Housing
Housing starts
Housing units authorized by local bldg. permits
Residential GPDI constant dollars
Residential GPDI, percent of GNP
961
36
61
61
77
74
7/82
15"
28
29
89
249
25
13,25
25
47
67
67
67
83
3/82
6/82
9/82
10/82
35
35
310
310c
48
48
84
84
11/82
11/82
345
ii
1
Implicit price deflator GNP
Implicit price deflator, GNP, percent changes
Imports-See Foreign trade and International transactions.
Income
Compensation, average hourly, all employees,
nonfarm business sector
.
Compensation, average hourly, all employees,
nonfarm business sector, percent changes
Compensation of employees
Compensation of employees, pet. of nat'l. income ....
Compensation, real average hourly, all employees,
nonfarm business sector
Compensation, real average hourly, all employees,
nonfarm business sector, percent changes
Consumer installment debt, ratio to personal income . .
Corporate profits with 1 VA and CCA
Corp. profits with IVA and CCA, pet. of nat'l. income .
Disposable personal income constant dollars
Disposable personal income, current dollars
Disposable personal income, per capita, constant dol. . .
Earnings, average hourly, production workers,
private nonfarm economy
Earnings, average hourly, production workers,
private nonfarm economy percent changes
Earnings, real average hourly, production
workers, private nonfarm economy
Earnings, real average hourly, production
workers, private nonfarm economy, percent changes .
Income on foreign investment in the U S
Interest net
Interest net percent of national income
National income
Personal income constant dollars
Personal income current dollars
Personal income, less transfers, constant dollars
Personal income, less transfers, constant dols. rate of chg.
Personal income, ratio to money supply
Proprietors' income with IVA and CCA
Proprietors' income with IVA and CCA, percent
of national income
Rental income of persons with CCA
Rental income of persons with CCA, pet. of nat'l. income
Wage and benefit decisions first year
Wage and benefit decisions life of contract
Wages and salaries, mining, mfg., and construction ....
Incorporations, new businesses
Industrial materials prices
49
49
49
87
11/82
56
345c
280
64
50
45
30,47
87
82
70,83
11/82
10/82
10/82
56
56
56
346
49
88
11/82
56
346c
95
286
287
225
224
227
50
15,35
45
47
40
40
40
88
73
82
83
80
80
80
11/82
11/82
10/82
10/82
10/82
10/82
10/82
56
43
37
37
22
22
22
340
49
87
6/82
15
340c
50
87
6/82
15
87
7/82
15
7/82
8/82
8/82
10/82
10/82
10/82
9/82
9/82
9/82
9/82
8/82
10/82
15
65
65
57
57
55
22
22
22
56
57
57
62
62
22
32
36
341
49
341 c
652
651
288
289
220
52
223
51
51c
108
282
50
57
57
45
47
45
19
40
14,19
39
31
45
87
93
93
82
83
82
63
63
63
283
284
285
348
349
53
13
23
47
45
47
50
50
19
23
28
83
82
83
88
88
63
65
69
79
75
10/82
10/82
10/82
8/81
8/81
9/82
3/82 .
1/82
1/82
36
67
65
63
63
63,94
78
75
7/81
7/81
7/81
7/81
7/81
24
24
24
24
24
7/82
7/81
24"
2/82
1/32
3/82
18
18
18
37
Industrial materials prices Dl
Industrial producticn - See alsi International comparisons.
Business equipment
Consumer goods
Durable manufactures
Nondurable manufactures
Total
967
Total Dl
....
Total rate of change
Installment debt-See Credit.
Insured unemployment
Avg. weekly initial claims, unemploy. insurance
Avg. weekly initial claims, unemploy. insurance, Dl . . .
Avg. weekly insured unemployment rate
966
47c
37
39
5
962
45
12,16
36
18
76
75
73
74
47
24
22
20
20
14,20,58
JT
61
74
62
46"
56
NOTE: Cl, composite index; Dl, 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).
111
ALPHABETICAL INDEX-SERIES FINDING GUIDE-Continued
Series titles
(See complete titles in "Titles and Sources of
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 rate 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
Italy, index
Italy, percent changes
Japan, index
Japan, percent changes
United Kingdom, index
United Kingdom, percent changes
United States, index
United States, percent changes
West Germany, index
West Germany, percent changes
Industrial production
Canada
France
Italy
Japan
OECD, European countries
United Kingdom
United States
West Germany
Stock prices
Canada
. ...
France
Italy
Japan
United Kingdom
United States
West Germany
International transactions-See also Foreign trade.
Balance on goods and services
Balance on merchandise trade
Exports, merchandise, adjusted, 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 parts
Imports of goods and services total
Imports of petroleum and products
Income on foreign investments in U S
Income on U S investments abroad
Inventories
Business inventories, 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 Cl
Manufacturing and trade, constant dollars
Manufacturing and trade, current dollars
Manufacturing and trade, current dollars, change
Manufacturing and trade, Dl
Materials and supplies on hand and on order, 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, Cl
Construction contracts, commercial and industrial ....
Construction expenditures, business and machinery
and equipment sales
Gross private domestic investment
Fixed investment constant dollars
Fixed investment, current dollars
. . . .
Inventories, business, change in-See Inventories.
Nonresidential, total constant dollars
Nonresidential total percent of GNP
Producers' durable equip., nonresid., constant dol.
Residential, total, constant dollars
Residential total percent of GNP
Structures, nonresidential, constant dollars
Total constant dollars
Total current dollars
New orders, capital goods, nondef ense, constant
dollars
New orders, capital goods, nondefense, current
dollars
Current issue
(page numbers)
Series
number
Charts
288
289
67
116
119
118
117
109
114
115
45
47
35
34
34
34
34
35
34
34
Tables
Historical
Series
data
descriptions
issue date)
(*)
82
83
10/82
10/82
57
57
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
4/82
4/82
4/82
4/82
4/82
4/82
4/82
4/82
4/82
4/82
5/82
5/82
4/82
4/82
68
68
68
68
69
69
69
69
68
68
59
59
68
68
Series titles
(See complete titles in "Titles and Sources of
Series," following this index)
Plant and equipment
Business expenditures, new
Business expenditures, new, Dl
Contracts and orders, constant dollars
Contracts and orders, current dollars
Investment, foreign
Income on foreign investments in U S
Income on U.S. investments abroad
Italy-See International comparisons.
Current issue
(page numbers)
Series
Charts
61
970
20
10
24
38
12,23
23
67
76
66
66
6/82
6/82
8/82
8/82
34
34
32
32
652
651
57
57
93
93
8/82
8/82
65
65
68
62
63
26
30
15,30
30
29
70
70
70
70
9/82
9/82
11/82
10/82
39
39
39
930
930c
952
3
10
39
36
16
60
11/81
11/81
2/82
8/81
15
910
910c
950
14
104
10
39
36
33
13,31
60
74"
72
71
11/81
11/81
2/82
12/81
5/82
44
40
913
78
11
27
60
68
11/81
9/82
15
28
38
26
68
9/82
28
8
84
12,21
20
64
64
8/82
8/81
26
25
917
11
60
11/81
15
104
105
85
106
102
107
108
33
118
117
13,31
31
31
13,31
31
31
31
32
34
34
71
71
71
71
71
71
71
71
73
73
5/82
5/82
5/82
5/82
5/82
8/82
8/82
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
8/82
8/82
8/82
8/82
8/82
10/81
8/82
8/82
26
26
26
32
32
26
26
26
37
38
66
66
64
66
66
90
64
64
77
75
76
8/82
1/82
26"
48
25
25
25
47
67
67
67
83
9/82
9/82
9/82
10/82
51
51
51
51
517
721
53
58
90
94
7/82
12/81
66"
49
62
358
370
370c
83
82
84
21
20
15,30
50
50
50
20
20
20
16
63
70
88
88
88
64
64
64
61
8/82
9/82
10/81
11/82
11/82
8/81
8/81
8/81
7/82
25
39
61
61
61
25
25
25
15
J
Japan-See International comparisons.
59"
96
96
95
95
96
96
95
95
95
95
84,95
84,95
95
95
723
726
727
728
721
722
47
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
604
668
606
620
612
616
669
614
652
651
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
8/82
8/82
8/82
5/82
12/81
8/82
12/81
8/82
5/82
12/81
8/82
12/81
8/82
8/82
65
65
65
64
64
65
64
65
64
64
65
64
65
65
30
245
247
65
36
77
915
70
71
31
975
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
10/82
10/82
10/82
9/82
8/82
10/81
11/81
9/82
9/82
9/82
1/82
9/82
51
51
51
28
28
28
15
28
28
28
48
28
733
733c
736
736c
737
737c
738
738c
732
732c
320
320c
735
735c
59"
59"
59"
59"
59
49
49,59
L
Labor cost per unit of gross domestic product
Labor cost per unit of output, manufacturing
Labor cost per unit of output, private business sector
Labor cost, price per unit of, nonfar-m business
Labor force-See Employment and unemployment.
Lagging indicators, six
Composite index
Composite index rate of change
Diffusion index
.......
Layoff rate manufacturing
Leading indicators, twelve
Composite index
Composite index, rate of change
Diffusion index
Liabilities of business failures
Liquid assets change in total
.. .
Loans-See Credit.
74"
61
is"
18
15
is"
(VI
Man-hours-See Employment and unemployment.
Marginal employment adjustments Cl
...
Materials and supplies on hand and on order, mfg
Materials and supplies on hand and on order, mfg.
change
Materials, crude and intermediate-See Wholesale prices.
Materials, industrial-See Price indexes.
Materials, new orders for consumer goods and
Materials, rate of capacity utilization
Merchandise trade-See Foreign trade.
Military-See Defense.
Money and financial flows Cl
Money supply
Liquid assets change in total
Money supply Ml
.
...
Money supply Ml percent changes
. ...
Money supply M2 . . .
.
..........
Money supply M2, percent changes
Ratio, GNP to money supply Ml
Ratio personal income to money supply M2
Mortgage debt net change
Mortage yields secondary market
Municipal bond yields
N
38
26
68
9/82
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
33
33
33
15
32
69
24
67
9/82
28
243
242
42
42
81
81
10/82
10/82
51
51
86
248
88
89
249
87
241
240
25
47
25
25
47
25
42
42
67
83
67
67
83
67
81
81
9/82
10/82
9/82
9/82
10/82
9/82
10/82
10/82
51
51
51
51
51
51
51
51
27
23
66
8/82
26
24
23
66
8/82
26
National defense-See Defense.
National Government-See Government.
National income-See Income.
New orders, manufacturers'
Capital goods industries, nondefense, constant dol
27
24
Capital goods industries, nondefense, current dol
Consumer goods and materials, constant dollars
8
Contracts and orders, plant and equip., constant dol. . . 20
Contracts and orders, plant and equip., current dol. . . . 10
548
Defense products
Durable goods industries constant dollars
7
Durable goods industries current dollars
6
Components
Diffusion index
964
New orders, manufacturing Dl
971
Nonresidential fixed investment, GPDI
Producers' durable equipment, constant dollars
88
Structures constant dollars
87
Total, constant dollars
86
Total percent of GNP
248
O
Obligations incurred, Defense Department
OECD, European countries, industrial production
Orders-See New orders and Unfilled orders.
Output-See also Gross national product and
Industrial production.
Goods output, constant dollars
Labor cost per unit of
Per hour, nonfarm business sector
Per hour private business sector
Per hour, private business sector, percent changes
Ratio to capacity manufacturing (BEA)
Ratio to capacity manufacturing (FRB)
Ratio to capacity, materials
Overtime hours, production workers, manufacturing ....
NOTE: Cl, composite index; Dl, 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).
112
Tables
Series
Historica
descriptions
data
(issue date)
(*)
ALPHABETICAL INDEX-SERIES FINDING GUIDE-Continued
Series titles
(See complete titles in "Titles and Sources of
Series," following this index)
Current issue
(page numbers)
Series
number
Charts
Tables
Historical
Series
data
escriptions
ssue date)
(*)
P
Participation rates, civilian labor force
Both sexes, 1 6-1 9 years of age
Females 20 years and over
Males 20 years and over
Personal consumption expenditures
Automobiles
Durable goods, constant dollars
Durable goods, current dollars
Nondurable goods, constant dollars
Nondurable goods, current dollars
Services, constant dollars
Services, current dollars
Total, constant dollars
Total, current dollars
Total, percent of G NP
Personal income-See Income.
Personal saving
Personal saving rate
Petroleum and products, imports
Plant and equipment-See also Investment, capital.
Business expenditures for
Business expenditues for, Dl
Contracts and orders for, constant dollars
Contracts and orders for, current dollars
Population, civilian employment as percent of
Price indexes
Consumer prices-See also International comparisons.
All items, index
All items, percent changes
Food, index
Food percent changes
Deflators NIPA
. ...
Fixed weighted, gross business product, index
Fixed weighted, gross business product, pet. changes
Implicit price deflator, GNP, index
Implicit price deflator, GNP, percent changes
Industrial materials
Industrial materials, components
Industrial materials, Dl
Labor cost, price per unit of
Sensitive prices, change in
Stock prices-See also International comparisons.
500 common stocks
500 common stocks, Dl
Wholesale prices
All commodities, index
All commodities percent change
Consumer finished goods, index
Consumer finished goods, percent changes
Crude materials, index
Crude materials percent changes
Intermediate materials index
Intermediate materials percent changes
Producer finished goods, index
Producer finished goods, percent changes
Price to unit labor cost nonfarm business
Prices, selling
Manufacturing, Dl
Retail trade Dl
Wholesale trade, D 1
Prime contracts, military
Prime rate charged by banks
Producer finished goods-See Wholesale prices.
Producers' durable equipment, nonresid., GPDI
Production-See Industrial production and GNP.
Productivity
Output per hour, nonfarm business" sector
Output per hour, private business sector
Output per hour, private business sector, pet. changes .
Profitability, Cl
Profits
Corporate, after taxes, constant dollars
Corporate, after taxes, current dollars
Corporate, after taxes, with 1 VA and CCA,
constant dollar
Corporate, after taxes, with IVA and CCA, cur. dol. . . .
Corporate, with IVA and CCA
Corporate, with IVA and CCA, pet. of nat'l. income . . .
Manufacturing and trade, Dl
Manufacturing, Dl
Per dollar of sales, manufacturing
Profitability, Cl
Ratio, profits to corporate domestic income
Ratio, prof its with IVA and CCA to corporate domestic
income
Proprietors' income with IVA and CCA
Proprietors' income with IVA and CCA, pet. of nat'l. inc. .
453
452
451
51
51
51
89
89
89
55
233
232
238
236
239
237
231
230
235
22
41
41
41
41
41
41
41
41
47
65
80
80
81
81
81
81
80
80
83
10/82
10/82
10/82
10/82
10/82
10/82
10/82
10/82
10/82
50
50
50
50
50
50
50
50
50
50
292
293
614
46
46
56
82
83
92
11/82
11/82
12/81
58
58
64
61
970
20
10
90
24
38
12,23
23
18
67
76
66
66
62
6/82
34
34
32
32
20
320
320c
322
322c
49
49,59
49
49
84,95
84,95
84
84
311
23
48
48
48
48
28
1/82
967
26
92
37"
29
13,28
84
84
84
84
69
79
75
70
69
19
968
13,28
37
330
330c
334
334c
331
311c
310
310c
4/82
4/82
4/82
9/82
6/82
8/82
8/82
3/82
5/82
5/82
5/82
5/82
11/82
11/82
11/82
11/82
20
20
20
59
59
59
59
58
59
49
49
36
l'/82
10/82
36'
3/82
60"
69
75
7/82
2/82
36
36
85
85
86
86
85
85
86
86
86
86
70
5/82
332
332c
333
333c
26
48
48
48
48
48
48
48
48
48
48
29
59
59
60
60
60
60
60
60
60
60
976
978
977
525
109
38
38
38
53
35
76
76
76
90
73
331c
5/82
6/82
6/82
5/82
5/82
6/82
6/82
6/82
6/82
10/82
1/82
1/82
1/82
4/82
2/82
48
49
48
64
46
88
25
67
9/82
51
358
370
370c
916
50
50
50
11
88
88
88
60
10/81
11/82
11/82
11/81
61
61
61
15
18
16
28
28
69
69
9/82
9/82
37
37
80
79
286
287
972
960
15
916
22
28
28
45
47
38
37
29
11
29
69
69
82
83
76
75
70
60
69
9/82
37
37
37
37
48
81
282
283
29
45
47
70
82
83
9/82
10/82
10/82
1/82
8/81
6/82
11/81
9/82
9/82
10/82
10/82
38"
15
37
37
56
56
Q
4
Quit rate, manufacturing
16
61
8/81
18
R
Rental income of persons, with CCA
Rental income of persons, with CCA, percent of national
income
284
45
82
10/82
57
285
47
83
10/82
57
Series titles
(See complete titles in "Titles and Sources of
Series," following this index)
Reserves, free
Residential fixed investment, constant dollars, GPDI . . . .
Residential fixed investment, percent of GNP
Residential structures-See Housing.
Retail sales, constant dollars
Retail sales, current dollars
Current issue
(page numbers)
Series
Charts
Historical
Series
descriptions
data
(issue date)
(*)
Tables
93
89
249
33
25
47
72
67
83
9/82
10/82
45
51
51
59
54
22
22
65
65
11/82
11/82
31
31
213
40
80
10/82
49
69
57
56
973
77
59
54
24
14,22
22
38
27
22
22
67
65
65
76
68
65
65
9/82
10/81
11/82
11/82
28
28
28
48
28
31
31
295
298
290
292
293
46
46
46
46
46
82
83
82
82
83
11/82
11/82
11/82
11/82
11/82
37
58
58
58
58
92
13,28
69
3/82
60
19
968
78
13,28
37
27
69
75
68
7/82
2/82
9/82
36
36
28
38
26
68
9/82
28
114
115
34
34
72
73
2/82
46
46
91
60
5
962
3
15,18
17
12,16
36
16
62
61
61
74
61
3/82
446
445
447
444
37
4
51
51
51
51
18,51
16
89
89
89
89
62,89
61
44
45
43
18
18
18
62
62
62
3/82
96
25
21
21
64
64
11/82
107
108
32
31
31
12,21
71
71
64
330
330c
334
334c
331
331 c
332
332c
333
333c
92
1
48
48
48
48
48
48
48
48
48
48
13,28
12,16
85
85
86
86
85
85
86
86
86
86
69
61
961
36"
77
74
1/82
S
Salaries-See Compensation.
Sales
Final sales, constant dollars
Machinery and equipment sales and business
construction expenditures
Manufacturing and trade sales, constant dollars
Manufacturing and trade sales, current dollars
Manufacturing and trade sales, Dl
Ratio, inventories to sales, mfg. and trade
Retail sales, constant dollars
Retail sales, current dollars
Saving
Business saving
Government surplus or deficit
Gross saving, private and government
Personal saving
Personal saving rate
Selling prices-See Prices, selling.
Sensitive prices, change in
State and local government-See Government.
Stock prices-See also International comparisons.
500 common stocks
500 common stocks, Dl
Stocks of materials and supplies on hand and on order . . .
Stocks of materials and supplies on hand and on order,
change
Surplus-See Government.
11/82
11/82
1/82
T
Treasury bill rate
Treasury bond yields
2/82
U
Unemployment
Duration of unemployment, average
Help-wanted advertising to unemployment, ratio
Initial claims, avg. weekly, unemploy. insurance
Initial claims, avg. weekly, unemploy. insurance, Dl . . .
Layoff rate, manufacturing
Number unemployed, civilian labor force
Both sexes, 16-19 years of -age
Females, 20 years and over
Full-time workers
Males, 20 years and over
Total unemployed
Quit rate, manufacturing
Unemployment rates
1 5 weeks and over
Insured, average weekly
Total
Unfilled orders, manufacturers'
Durable goods industries
Durable goods industries, change in
United Kingdom-See International comparisons.
3/82
2/82
1/82
8/81
4/82
4/82
4/82
4/82
3/82
8/81
3/82
3/82
20
19
18
18
18
20
20
20
20
20
18
20
18
20
9/82
26
26
8/82
8/82
2/82
40
40
28
5/82
6/82
3/82
7/82
59
59
60
60
60
60
60
60
60
60
60
15
7/82
is"
V
Velocity of money
GNP to money supply M1, ratio
Personal income to money supply M2, ratio
Vendor performance
,
W
Wages and salaries-See Compensation.
West Germany -See International comparisons.
Wholesale prices
All commodities, index
All commodities, percent changes
Consumer finished goods, index
Consumer finished goods percent changes
Crude materials, index
Crude materials, percent changes
Intermediate materials, index
Intermediate materials, percent changes
Producer finished goods index
Producer finished goods, percent changes
Sensitive nrices change in
Workweek of production workers, manufacturing
Workweek of production workers, manufacturing,
components
Workweek of production workers, manufacturing, Dl . . . .
5/82
6/82
6/82
5/82
5/82
6/82
6/82
6/82
NOTE: Cl, composite index; Dl, 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).
113
TITLES AND SOURCES OF SERIES
Series are listed below according to the sections of this report
in which they appear. Series numbers are for identification
only and do not reflect relationships or order among the
series. "M" following a series title indicates monthly data;
"Q" indicates quarterly data. Data apply to the whole period
except when indicated by "EOM" (end of month) or "EOQ"
(end of quarter).
To save space, the commonly used sources listed below are
referred to by number:
Source 1—U.S. Department of Commerce, Bureau of
Economic Analysis; Source 2-U.S. Department of Commerce,
Bureau of the Census; Source 3-U.S. Department of Labor,
Bureau of Labor Statistics; Source 4-Board of Governors of
the Federal Reserve System.
Following the source for each series is an indication of the
pages on which that series appears. The "Series Finding
Guide" also lists chart and table page numbers for each
series.
Bureau of Economic Analysis (Used by permission.
This series may not be reproduced without written
permission from the source.)
(23,66)
10. Contracts and orders for plant and equipment in current
dollars (M).-Source 2 and McGraw-Hill Information
Systems Company; seasonal adjustment by Bureau of
the Census and Bureau of Economic Analysis (23,66)
11. Newly approved capital appropriations, 1,000
manufacturing corporations (Q).—The Conference
Board
(24,66)
12. Index of net business formation (M).—Source 1;
seasonal adjustment by Bureau of Economic Analysis
and National Bureau of Economic Research,
Inc.
(12,23,65)
13. Number of new business incorporations (M).—Dun &
Bradstreet, Inc.; seasonal adjustment by Bureau of
Economic Analysis and National Bureau of Economic
Research, Inc.
(23,65)
I-A. Composite Indexes
14. Current liabilities of business failures (M).—Dun &
Bradstreet, Inc.
(33,72)
910. Composite index of twelve leading indicators (includes
series 1, 5, 8, 12, 19, 20, 29, 32, 36, 92, 104, 106)
(M).-Source 1
(10,39,60)
15. Profits (after taxes) per dollar of sales, all
manufacturing corporations (Q).—Federal Trade Commission; seasonal adjustment by Bureau of Economic Analysis
(29,70)
913. Composite index of marginal employment adjustments
(includes series 1, 2, 3, 5) (M).-Source 1 (11,60)
914. Composite index of capital investment commitments
(includes series 12, 20, 29) (M).-Source 1 (11,60)
16. Corporate profits after taxes in current dollars (Q).—
Source 1
(28,69)
915. Composite index of inventory investment and
purchasing (includes series 8, 32, 36, 92) (M).-Source
1
(11,60)
916. Composite index of profitability (includes series 19,26,
80) (M).-Source 1
(11,60)
18. Corporate profits after taxes in 1972 dollars (Q).Source 1
(28,69)
917. Composite index of money and financial flows (includes
series 104, 106, 110) (M).-Source 1
(11,60)
920. Composite index of four roughly coincident indicators
(includes series 41, 47, 51, 57) (M).-Source
1
(10,39,60)
930, Composite index of six lagging indicators (includes
series 62, 70, 72, 91, 95, 109) (M).-Source
1
(10,39,60)
940. Ratio, coincident composite index (series 920) to lagging composite index (series 930) (M).—Source
1
(11,60)
1-B. Cyclical Indicators
1. Average workweek of production workers,
manufacturing (M).-Source 3
(12,16,61,77)
2. Accession rate, manufacturing (M).-Source 3 (16,61)
3. Layoff rate, manufacturing (M).-Source 3
(16,61)
4. Quit rate, manufacturing (M).-Source 3
(16,61)
5. Average weekly initial claims for unemployment
insurance, State programs (M).—U.S. Department of
Labor, Employment and Training Administration;
seasonal adjustment by Bureau of Economic
Analysis
(12,16,61)
6. Value of manufacturers' new orders, durable goods
industries, in current dollars (M).-Source 2(21,64,77)
7. Value of manufacturers' new orders, durable goods
industries, in 1972 dollars (M).-Sources 1, 2, and
3
(21,64)
38. Change in stocks of materials and supplies on hand and
on order, manufacturing (M).—Source 2
(26,68)
39. Percent of consumer installment loans delinquent 30
days and over (EOM).—American Bankers
Association
(33,72)
40. Number of employees in nonagricultural goodsproducing industries—mining, manufacturing, and
construction (M).-Source 3
(17,62)
41. Number of employees on nonagricultural payrolls,
establishment survey (M).-Source 3
(14,17,62)
42. Number of persons engaged in nonagricultural activities,
labor force survey (M).-Sources 2 and 3
(17,62)
43. Unemployment rate, total (M).-Sources 2 and 3(18,62)
44. Unemployment rate, persons unemployed 15 weeks and
over (M).-Sources 2 and 3
(18,62)
20. Contracts and orders for plant and equipment in 1972
dollars (M).-Sources 1, 2, 3, and McGraw-Hill
Information Systems Company
(12,23,66)
45. Average weekly insured unemployment rate, State
programs (M).-U.S. Department of Labor, Employment
and Training Administration
(18,62)
21. Average weekly overtime hours of production workers,
manufacturing (M).—Source 3
(16,61)
46. Index of help-wanted advertising in newspapers (M).The Conference Board
(17,61)
22. Ratio of profits (after taxes) to total corporate domestic
income (Q).-Source 1
(29,69)
47. Index of industrial production, total (M).-Source
4
(14,20,39,58,63,78,94)
48. Employee-hours in nonagricultural establishments
(M).-Source 3
(17,39,61)
23. Index of spot market prices, raw industrial materials
(M).—Source 3 and Commodity Research Bureau, Inc.
(Used by permission. Beginning with June 1981, this
series may not be reproduced without written permission
from Commodity Research Bureau, Inc.)
(28,69,79)
24. Value of manufacturer's new orders, capital goods
industries, nondefense, in current dollars (M).-Source
2
(23,66)
25. Change in manufacturers' unfilled orders, durable goods
industries (M).-Source 2
(21,64)
26. Ratio, implicit price deflator to unit labor cost, nonfarm
business sector (Q).-Sources 1 and 3
(29,70)
27. Value of manufacturers' new orders, capital goods
industries, nondefense, in 1972 dollars (M).-Sources
1, 2, and 3
(23,66)
28. New private housing units started, total (M).—Source
2
(25,67)
29. Index of new private housing units authorized by local
building permits (M).-Source 2
(13,25,67)
30. Gross private domestic investment, change in business
inventories, all industries, in 1972 dollars (Q).-Source
1
(26,42,68,81)
31. Change in book value of manufacturing and trade
inventories, total (M).-Sources 1 and 2
(26,68)
9. Construction contracts awarded for commercial and
industrial buildings, floor space (M).—McGraw-Hill
Information Systems Company; seasonal adjustment by
32. Vendor performance, percent of companies receiving
slower deliveries (M).-Purchasing Management
Association of Chicago
(12,21,64)
35. Net cash flow, corporate, in 1972 dollars (Q).-Source
1
(29,70)
36. Net change in inventories on hand and on order in 1972
dollars (smoothed) (M).-Sources 1, 2, and 3(13,26,68)
37. Number of persons unemployed, labor force survey
(M).-Sources 2 and 3
(18,51,62,89)
19. Index of stock prices, 500 common stocks (M).Standard & Poor's Corporation
(13,28,59,69,96)
8. Value of manufacturers' new orders for consumer goods
and materials in 1972 dollars (M).-Sources 1, 2, and
3
(12,21,64)
114
33. Net change in mortgage debt held by financial
institutions and life insurance companies (M).—
American Council of Life Insurance; Federal National
Mortgage Association; U.S. Department of Housing and
Urban Development, Government National Mortgage
Association; National Association of Mutual Savings
Banks; U.S. Savings and Loan League; and source 4;
seasonal adjustment by Bureau of Economic
Analysis
(32,71)
34. Net cash flow, corporate, in current dollars (Q).—
Source 1
(29,70)
49. Value of goods output in 1972 dollars (Q).-Source
1
(20,63)
50. Gross national product in 1972 dollars (Q).-Source
1
(19,39,40,63,80)
51. Personal income, less transfer payments, in 1972 dollars (M).-Source 1
(14,19,39,63)
52. Personal income, total, in 1972 dollars (M).-Source
1
(19,63)
53. Wage and salary income in mining, manufacturing, and
construction in 1972 dollars (M).-Sources 1 and
3
(19,63)
54. Sales of retail stores in current dollars (M).—Source
2
(22,65)
55. Personal consumption expenditures, automobiles (Q).Source 1
(22,65)
56. Manufacturing and trade sales in current dollars (M).Sources 1 and 2
(22,65)
57. Manufacturing and trade sales in 1972 dollars (M).Sources 1, 2, and 3
(14,22,65)
58. Index of consumer sentiment (Q,M).—University of
Michigan, Survey Research Center
(22,65)
59. Sales of retail stores in 1972 dollars (M).-Sources 1
2, and 3
(22,65)
TITLES AND SOURCES OF SERIES- Continued
60. Ratio, help-wanted advertising in newspapers (series
46) to number of persons unemployed (series 37)
(M).-Sources 1, 2, 3, and The Conference
Board
(17,61)
61. Business expenditures for new plant and equipment,
total (Q).-Source 1
(24,67)
62. Index of labor cost per unit of output, total
manufacturing—ratio, index of compensation of
employees in manufacturing (sum of wages, salaries,
and supplements to wages and salaries) to index of
industrial production, manufacturing (M).—Sources 1
and 4
(15,30,70)
84. Rate of capacity utilization, materials (Q).-Source
4
(20,64)
(31,71)
86. Gross private domestic fixed investment, total
nonresidential, in 1972 dollars (Q).-Source 1(25,67)
87. Gross private domestic fixed investment, nonresidential
structures, in 1972 dollars (Q).-Source 1 (25,67)
88. Gross private domestic fixed investment, nonresidential
producers' durable equipment, in 1972 dollars (Q).Source 1
(25,67)
89. Gross private domestic fixed investment, total
residential, in 1972 dollars (Q).-Source 1 (25,67)
65. Manufacturers' inventories of finished goods, book
value, ail manufacturing industries (EOM).-Source
2
(27,68)
91. Average (mean) duration of unemployment in weeks
(M).-Sources 2 and 3
(15,18,62)
90. Ratio, civilian employment to total population of
working age (M).-Sources 1, 2, and 3
(18,62)
92. Chance in sensitive crude materials prices (PPI of crude
materials less agricultural products)(smoothed)(M)Sources 1 and 3
(13,28,69)
93. Free reserves (member banks excess reserves minus
borrowings) (M).-Source 4
(33,72)
67. Bank rates on short-term business loans (Q).-Source
4
(35,73)
94. Member bank borrowings from the Federal Reserve
(M).-Source 4
(33,72)
68. Labor cost (current dollars) per unit of gross domestic
product (1972 dollars), nonfinancial corporations—ratio
of current-dollar compensation of employees to real
gross corporate product (Q).-Source 1
(30,70)
95. Ratio, consumer installment credit to personal income
(EOM).-Sources 1 and 4
(15,35,73)
69. Manufacturers' machinery and equipment sales and
business construction expenditures (industrial and commercial construction put in place) (M).-Source
2
(24,67)
70. Manufacturing and trade inventories in 1972 dollars
(EOM).-Sources 1, 2, and 3
(15,27,68)
71. Manufacturing and trade inventories, total book value,
in current dollars (EOM).-Sources 1 and 2 (27,68)
72. Commercial and industrial loans outstanding, weekly
reporting large commercial banks (M).-Source 4;
seasonal adjustment by Bureau of Economic
Analysis
(15,35,73)
73. Index of industrial production, durable manufactures
(M).-Source 4
(20,63)
74. Index of industrial production, nondurable
manufactures (M).-Source 4
(20,63)
75. Index of industrial production, consumer goods (M).Source 4
(22,65)
76. Index of industrial production, business equipment
(M).-Source 4
(24,67)
77. Ratio, constant-dollar inventories (series 70) to sales
(series 57), manufacturing and trade, total (EOM).Sources 1, 2, and 3
(27,68)
78. Stocks of materials and supplies on hand and on order,
manufacturing (EOM).-Source 2
(27,68)
79. Corporate profits after taxes with inventory valuation
and capital consumption adjustments in current dollars
(Q).-Source 1
(28,69)
80. Corporate profits after taxes with inventory valuation
and capital consumption adjustments in 1972 dollars
(Q).-Source 1
(28,69)
81. Ratio of profits (after taxes) with inventory valuation
and capital consumption adjustments to total corporate
domestic income (Q).-Source 1
(29,70)
82. Rate of capacity utilization, manufacturing (Q).—Source
4
(20,64)
83. Rate of capacity utilization, manufacturing (EOQ).Source 1
(20,64)
(34,72)
1-C. Diffusion Indexes
85. Change in money supply Ml (M).-Source 4
63. Index of unit labor cost, private business sector (Q).Source 3
(30,70)
64. Compensation of employees as a percent of national
income (Q).-Source 1
(30,47,70,83)
66. Consumer installment credit (EOM).-Source 4; FRB
seasonally adjusted net change added to seasonally
adjusted figure for previous month to obtain current
figure
(35,73)
119. Federal funds rate (M).-Source 4
96. Manufacturers' unfilled orders, durable goods industries
(EOM).-Source 2
(21,64)
97. Backlog of capital appropriations, 1,000 manufacturing
corporations (EOQ).-The Conference Board (24,66)
102. Change in money supply M2 (M).-Source 4 (31,71)
104. Change in total liquid assets (smoothed) (M).-Sources
1 and 4
(13,31,71)
105. Money supply Ml in 1972 dollars (M).-Sources 1,3,
and 4
(31,71)
106. Money supply M2 in 1972 dollars (M).-Sources 1, 3,
and 4
(13,31,71)
107. Ratio, gross national product to money supply Ml
(Q).-Sources 1 and 4
(31,71)
108. Ratio, personal income to money supply M2 (M).—
Sources 1 and 4
(31,71)
109. Average prime rate charged by banks (M).—Source
4
(35,73)
110. Total funds raised by private nonfinancial borrowers in
credit markets (Q).-Source 4
(32,72)
112. Net change in bank loans to businesses (M).—Source 4;
seasonal adjustment by Bureau of Economic
Analysis
(32,72)
113. Net change in consumer installment credit (M).-Source
4
(32,72)
114. Discount rate on new issues of 91-day Treasury bills
(M).-Source 4
(34,72)
115. Yield on long-term Treasury bonds (M).-U.S.
Department of the Treasury
(34,73)
116. Yield on new issues of high-grade corporate bonds
(M).-Citibank and U.S. Department of the
Treasury
(34,73)
117. Yield on municipal bonds, 20-bond average (M).-The
Bond Buyer
(34,73)
118. Secondary market yields on FHA mortgages (M).-U.S.
Department of Housing and Urban Development, Federal
Housing Administration
(34,73)
950. Diffusion index of twelve leading indicator components
(M).-Source 1
(36,74)
951. Diffusion index of four roughly coincident indicator
components (M).—Source 1
(36,74)
952. Diffusion index of six lagging indicator components
(M).-Source 1
(36,74)
960. Diffusion index of net profits, manufacturing—about
600 companies (Q).-Dun & Bradstreet, inc. (Used by
permission. This series may not be reproduced without
written permission from the source.)
(35,75)
961. Diffusion index of average workweek of production
workers, manufacturing—20 industries (M).—Sources 1
and 3
(36,74,77)
962. Diffusion index of initial claims for unemployment
insurance, State programs—51 areas (M).-Source 1
and U.S. Department of Labor, Employment and Training
Administration; seasonal adjustment by Bureau of
Economic Analysis
(36,74)
963. Diffusion index of number of employees on private
nonagricultural pay rolls-172-186 industries (M).Source 3
(36,74)
964. Diffusion index of value of manufacturers' new orders,
durable goods industries- 34-35 industries (M).Sources 1 and 2
(37,75,77)
965. Diffusion index of newly approved capital
appropriations, deflated—17 manufacturing industries
(Q).-The Conference Board
(37,75)
966. Diffusion index of industrial production—24 industries
(M).-Sources 1 and 4
(37,75,78)
967. Diffusion index of spot market prices, raw industrials—
13 industrial materials (M).-Sources 1, 3, and
Commodity Research Bureau, Inc.
(35,75,79)
968. Diffusion index of stock prices, 500 common stocks52-82 industries (M).-Standard & Poor's
Corporation
(37,75)
970. Diffusion index of business expenditures for new plant
and equipment, total-22 industries (Q).-Source
1
(38,76)
971. Diffusion index of new orders, manufacturing—about
600 businessmen reporting (Q).-Dun & Bradstreet, Inc.
(Used by permission. This series may not be reproduced
without written permission from the source.) (38,76)
972. Diffusion index of net profits, manufacturing and
trade—about 1,400 businessmen reporting (Q).—Dun &
Bradstreet, Inc. (Used by permission. This series may
not be reproduced without written permission from the
source.)
(38,76)
973. Diffusion index of net sales, manufacturing and tradeabout 1,400 businessmen reporting (Q).-Dun &
Bradstreet, Inc. (Used by permission. This series may
not be reproduced without written permission from the
source.)
(38,76)
974. Diffusion index of number of employees, manufacturing
and trade-about 1,400 businessmen reporting (Q).Dun & Bradstreet, Inc. (Used by permission. This series
may not be reproduced without written permission from
the source.)
(38,76)
975. Diffusion index of level of inventories, manufacturing
and trade—about 1,400 businessmen reporting (Q).Dun & Bradstreet, Inc. (Used by permission. This series
may not be reproduced without written permission from
the source.)
(38,76)
976. Diffusion index of selling prices, manufacturing—about
600 businessmen reporting (Q).-Dun & Bradstreet, Inc.
(Used by permission. This series may not be reproduced
without written permission from the source.) (38,76)
115
TITLES AND SOURCES OF SERIES- Continued
977. Diffusion index of selling prices, wholesale trade—about
400 businessmen reporting (Q).—Dun & Bradstreet, Inc.
(Used by permission. This series may not be reproduced
without written permission from the source.) (38,76)
978. Diffusion index of selling prices, retail trade—about 400
businessmen reporting (Q).—Dun & Bradstreet, Inc.
(Used by permission. This series may not be reproduced
without written permission from the source.) (38,76)
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)
64. Compensation of employees as a percent of national
income (Q).-Source 1
(30,47,70,83)
200. Gross national product in current dollars (Q).—Source
1
(40,80)
213. Final sales (series 50 minus series 30) in 1972 dollars
(Q).-Source 1
(40,80)
217. Per capita gross national product in 1972 dollars (Q).—
Sources 1 and 2
(40,80)
220. National income in current dollars (Q).—Source
1
(45,82)
223. Personal income in current dollars (M).—Source
1
(40,63)
224. Disposable personal income in current dollars (Q).—
Source 1
(40,80)
225. Disposable personal income in 1972 dollars (Q).Source 1
(40,80)
227. Per capita disposable personal income in 1972 dollars
(Q).-Sources 1 and 2
(40,80)
230. Personal consumption expenditures, total, in current
dollars (Q).-Source 1
(41,80)
231. Personal consumption expenditures, total, in 1972 dollars (Q).-Source 1
(41,80)
232. Personal consumption expenditures, durable goods, in
current dollars (Q).-Source 1
(41,80)
233. Personal consumption expenditures, durable goods, in
1972 dollars (Q).-Source 1
(41,80)
235. Personal consumption expenditures, total, as a percent
of gross national product (Q).—Source 1
(47,83)
236. Personal consumption expenditures, nondurable goods,
in current dollars (Q).-Source 1
(41,81)
247. Gross private domestic investment, change in business
inventories, all industries, as a percent of gross national
product (Q).-Source 1
(47,83)
292. Personal saving (Q).-Source 1
248. Gross private domestic fixed investment, nonresidential,
as a percent of gross national product (Q).—Source
1
(47,83)
295. Business saving—undistributed corporate profits plus
capital consumption allowances with inventory valuation
and capital consumption adjustments (Q).—Source
1
(46,82)
249. Gross private domestic fixed investment, residential, as
a percent of gross national product (Q).—Source
1
(47,83)
250. Net exports of goods and services in current dollars;
national income and product accounts (Q).—Source
1
(44,82)
251. Net exports of goods and services as a percent of gross
national product (Q).-Source 1
(47,83)
252. Exports of goods and services in current dollars;
national income and product accounts (Q).—Source
1
(44,82)
253. Imports of goods and services in current dollars;
national income and product accounts (Q).—Source
1
(44,82)
255. Net exports of goods and services in 1972 dollars;
national income and product accounts (Q).—Source
1
(44,82)
256. Exports of goods and services in 1972 dollars; national
income and product accounts (Q).—Source 1 (44,82)
257. Imports of goods and services in 1972 dollars; national
income and product accounts (Q).—Source 1 (44,82)
260. Government purchases of goods and services, total, in
current dollars (Q).-Source 1
(43,81)
261. Government purchases of goods and services, total, in
1972 dollars (Q).-Source 1
(43,81)
262. Federal Government purchases of goods and services in
current dollars (Q).-Source 1
(43,81)
263. Federal Government purchases of goods and services in
1972 dollars (Q).-Source 1
(43,81)
320. Index of consumer prices, all items (M).—Source
3
(49,59,84,95)
322. Index of consumer prices, food (M).-Source 3(49,84)
330. Index of producer prices, all commodities (M).-Source
3
(48,85)
331. Index of producer prices, crude materials for further
processing (M).-Source 3
(48,85)
332. Index of producer prices, intermediate materials, supplies, and components (M).-Source 3
(48,86)
333. Index of producer prices, capital equipment (M).—
Source 3
(48,86)
334. Index of producer prices, finished consumer goods
(M).-Source 3
(48,86)
335. Index of producer prices, industrial commodities (M).Source 3
(48,85)
340. Index of average hourly earnings of production workers,
private nonfarm economy—adjusted for overtime (in
manufacturing only), interindustry employment shifts,
and seasonally (M).-Source 3
(49,87)
348. Negotiated wage and benefit decisions, all industriesfirst year average (mean) changes (Q).-Source
3
(50,88)
(45,82)
282. Proprietors' income with inventory valuation and capital
consumption adjustments (Q).—Source 1
(45,82)
285. Rental income of persons with capital consumption
adjustment as a percent of national income (Q).—
Source 1
• (47,83)
116
311. Fixed-weighted price index, gross business product
(Q).-Source 1
(48,84)
280. Compensation of employees (Q).-Source 1
239. Personal consumption expenditures, services, in 1972
dollars (Q).-Source 1
(41,81)
245. Gross private domestic investment, change in business
inventories, all industries, in current dollars (Q).—
Source 1
(42,81)
310. Implicit price deflator, gross national product (Q).—
Source 1
(48,84)
346. Index of real average hourly compensation, all
employees, nonfarm business sector (Q).—Source
3
(49,88)
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)
II-B. Prices, Wages, and Productivity
268. State and local government purchases of goods and
services as a percent of gross national product (Q).—
Source 1
(47,83)
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)
(Q).-Source
(46,83)
341. Index of real average hourly earnings of production
workers, private nonfarm economy—adjusted for
overtime (in manufacturing only), interindustry
employment shifts, and seasonally (M).—Source
3
(49,87)
283. Proprietors' income with inventory valuation and capital
consumption adjustments as a percent of national
income (Q).-Source 1
(47,83)
241. Gross private domestic investment, total, in 1972 dollars (Q).-Source 1
(42,81)
298. Government surplus or deficit, total
1
265. Federal Government purchases of goods and services as
a percent of gross national product (Q).—Source
1
(47,83)
266. State and local government purchases of goods and
services in current dollars (Q).-Source 1
(43,81)
267. State and local government purchases of goods and
services in 1972 dollars (Q).-Source 1
(43,81)
237. Personal consumption expenditures, services, in current
dollars (Q).-Source 1
(41,81)
240. Gross private domestic investment, total, in current dollars (Q).-Source 1
(42,81)
(46,82)
293. Personal saving rate—personal saving as a percent of
disposable personal income (Q).—Source 1 (46,83)
286. Corporate profits with inventory valuation and capital
consumption adjustments (Q).-Source 1
(47,82)
287. Corporate profits with inventory valuation and capital
consumption adjustments as a percent of national
income (Q).-Source 1
(47,83)
345. Index of average hourly compensation, all employees,
nonfarm business sector (Q).—Source 3
(49,87)
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
37. Number of persons unemployed, labor force survey
(M).-Sources 2 and 3
(18,51,62,89)
(45,82)
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)
288. Net interest (Q).-Source 1
U. S. GOVERNMENT PRINTING OFFICE : 1982 380-993/108
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
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
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)
452. Civilian labor force participation rate, females 20 years
and over (M).-Sources 2 and 3
(51,89)
453. Civilian labor force participation rate, both sexes 16-19
years of age (M).-Sources 2 and 3
(51,89)
577. Defense Department personnel, military, active duty
(EOM).-U.S. Department of Defense, OSD, Comptroller,
Washington Headquarters Services
(55,91)
578. Defense Department personnel, civilian, direct hire
employment (EOM).-U.S. Department of Defense, OSD,
Comptroller, Washington Headquarters Services(55,91)
580. Defense Department net outlays, military functions and
military assistance (M).—U.S. Department of Defense,
OSD, Comptroller, Directorate for Program and
Financial Control; seasonal adjustment by Bureau of
Economic Analysis
(54,91)
588. Value of manufacturers' shipments, defense products
II-D. Government Activities
(M)-Source 2
(54,91)
II-E. U.S. International Transactions
501. Federal Government receipts; national income and product accounts (Q).-Source 1
(52,90)
602. Exports, excluding military aid shipments, total (M).—
Source 2
(56,92)
502. Federal Government expenditures; national income and
product accounts (Q).-Source 1
(52,90)
604. Exports of agricultural products (M).—Source 2;
seasonal adjustment by Bureau of Economic
Analysis
(56,92)
511. State and local government receipts; national income
and product accounts (Q).-Source 1
(52,90)
512. State and local government expenditures; national
income and product accounts (Q).—Source 1 (52,90)
517. Defense Department gross obligations incurred (M).—
U.S. Department of Defense, OSD, Comptroller,
Directorate for Program and Financial Control; seasonal
adjustment by Bureau of Economic Analysis (53,90)
525. Defense Department military prime contract awards for
work performed in the United States (M).-U.S.
Department of Defense, OSD, Comptroller, Washington
Headquarters Services; seasonal adjustment by Bureau
of Economic 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 manufacturers' new orders, defense products
(M).- Source 2
606. Exports of nonelectrical machinery (M).—Source 2;
seasonal adjustment by Bureau of Economic
Analysis
(56,92)
612. General imports, total (M).-Source 2
(56,92)
614. Imports of petroleum and petroleum products (M).—
Source 2; seasonal adjustment by Bureau of Economic
Analysis
(56,92)
616. Imports of automobiles and parts (M).—Source 2;
seasonal adjustment by Bureau of Economic
Analysis
(56,92)
618. Merchandise exports, adjusted, excluding military grants
(Q).-Source 1
620. Merchandise
imports,
(57,93)
adjusted,
(Q).-Source 1
excluding military
(57,93)
622. Balance on merchandise trade (Q).-Source 1 (57,93)
651. Income
1
on U.S. investments
(EOM).-Source 2
(54,91)
564. Federal Government purchases of goods and services for
national defense (Q).-Source 1
(55,91)
725. West Germany, index of industrial production (M).—
Deutsche Bundesbank (Frankfurt)
(58,94)
726. France, index of industrial production (M).—Institut
National de la Statistique et des Etudes Economiques
(Paris)
(58,94)
728. Japan, index of industrial production (M).—Ministry of
International Trade and Industry (Tokyo)
(58,94)
732. United Kingdom, index of consumer prices (M).—
Ministry of Labour (London); percent changes seasonally 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).—Institute 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)
743. Canada, index of stock prices (M).—Statistics Canada
(Ottawa)
(59,96)
(Q).-Source 1
(57,93)
667. Balance on goods and services (Q).—Source 1(57,93)
561. Value of manufacturers' unfilled orders, defense products (EOM).-Source 2
(54,91)
723. Canada, index of industrial production (M).—Statistics
Canada (Ottawa)
(58,94)
652. Income on foreign investments in the United States
668. Exports of goods and services, excluding transfers under
U.S. military grants (Q).-Source 1
(57,93)
(54,91)
722. United Kingdom, index of industrial production (M).—
Central Statistical Office (London)
(58,94)
742. United Kingdom, index of stock prices (M).—The
Financial Times (London)
(59,96)
(53,90)
4
(48,59,84,95)
721. Organization for Economic Cooperation and
Development, European countries, index of industrial
production (M).—Organization for Economic Cooperation and Development (Paris)
(58,94)
abroad (Q).—Source
(57,93)
557. Output of defense and space equipment (M).— Source
559. Value of manufacturers' inventories, defense products
(M).-Source 3
(14,20,39,58,63,78,94)
727. Italy, index of industrial production (M).—Institute
Centrale di Statistics (Rome)
(58,94)
500. Federal Government surplus or deficit; national income
and product accounts (Q).-Source 1
(52,90)
510. State and local government surplus or deficit; national
income and product accounts (Q).—Source 1 (52,90)
(M).-Source 4
669. Imports
1
of goods and services, total (Q).—Source
(57,93)
II-F. International Comparisons
19. United States, index of stock prices, 500 common stocks
(M).-Standard & Poor's Corporation (13,28,59,69,96)
745. West Germany, index of stock prices (M).—Statistisches
Bundesamt (Wiesbaden)
(59,96)
746. France, index of stock prices (M).—Institut National de
la Statistique et des Etudes Economiques (Paris)
(59,96)
747. Italy, index of stock prices (M).—Institute Centrale di
Statistica (Rome)
(59,96)
748. Japan, index of stock prices (M).—Tokyo Stock
Exchange (Tokyo)
(59,96)
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