Full text of Business Conditions Digest : November 1984
The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
U.S. DEPARTMENT OF COMMERCE
Malcolm Baldrige, Secretary
Sidney L. Jones, Under Secretary for Economic Affairs
BUREAU OF ECONOMIC ANALYSIS
George Jaszi, D i r e c t o r
Allan H. Young, D e p u t y D i r e c t o r
Edward K. Smith, A s s o c i a t e D i r e c t o r
for
National Analysis a n d Projections
Feliks Tamm, E d i t o r
T h i s r e p o r t is p r e p a r e d in t h e S t a t i s t i c a l I n d i c a t o r s Division o f t h e B u r e a u of E c o n o m i c
Analysis. T e c h n i c a l s t a f f a n d t h e i r r e s p o n s i b i l i t i e s f o r t h e p u b l i c a t i o n a r e B a r r y A, B e c k m a n — T e c h n i c a l s u p e r v i s i o n a n d r e v i e w
Brian D. Kajutti—Composite indexes
Betty F. T u n s t a l l — D a t a c o l l e c t i o n a n d c o m p i l a t i o n ( P h o n e : 2 0 2 - 5 2 3 - 0 5 4 1 )
T h e c o o p e r a t i o n of G o v e r n m e n t a n d p r i v a t e a g e n c i e s t h a t p r o v i d e d a t a is g r a t e f u l l y
a c k n o w l e d g e d . A g e n c i e s f u r n i s h i n g d a t a a r e i n d i c a t e d in t h e list o f s e r i e s t i t l e s a n d
s o u r c e s a t t h e b a c k of t h i s r e p o r t .
This publication is p r e p a r e d u n d e r t h e g e n e r a l g u i d a n c e of a t e c h n i c a l c o m m i t t e e consisting
of t h e f o l l o w i n g p e r s o n s :
Ronald E. Kutscher,
A c t i n g C h a i r m a n , B u r e a u of L a b o r S t a t i s t i c s , U.S. D e p a r t m e n t of
Labor
Ahmad Al-Samarrie, O f f i c e of M a n a g e m e n t a n d B u d g e t
Lincoln F. Anderson, Council of Economic Advisers
John H. Auten, U . S . D e p a r t m e n t of t h e T r e a s u r y
Edward K. Smith, B u r e a u of E c o n o m i c Analysis, U . S . D e p a r t m e n t of C o m m e r c e
Charles A. Waite, B u r e a u of t h e C e n s u s , U . S . D e p a r t m e n t of C o m m e r c e
Helmut F. Wendel, B o a r d o f G o v e r n o r s of t h e F e d e r a l R e s e r v e S y s t e m
ABOUT T H I S REPORT
BUSINESS CONDITIONS DIGEST (BCD) provides
a m o n t h l y look at m a n y of the economic t i m e
series found most useful by business analysts
and forecasters.
The original BCD, which began publication
in 1 9 6 1 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,
a n d lagging i n d i c a t o r s m a i n t a i n e d by t h e
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 f r o m the national inc o m e 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 d o m i n a n t feature of the current BCD is
t h e cyclical indicators section, in which each
business cycle indicator is assigned a three-way
t i m i n g 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 m e t h o d of
presentation is explained in the introductory text:
which begins on page 1.
Annual subscription price: $ 4 4 . 0 0 d o m e s t i c ,
$ 5 5 . 0 0 foreign. Single copy price: $ 4 . 0 0 domestic, $ 5 . 0 0 foreign. Foreign a i r m a i l r a t e s a r e
available on request. Address correspondence
Most of the data contained in this report
also are published by their source agencies. A
series finding guide and a complete list of series
titles and sources can be found at the back of the
report.
Cyclical Indicators a r e economic t i m e series
which have been singled out as leaders, coinciders, or laggers based on their general conform i t y t o cyclical m o v e m e n t s in a g g r e g a t e
economic activity. In this report, cyclical indicators are classified both by economic process
and by their average t i m i n g a t 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, m e a s u r i n g , a n d interpreting short-term fluctuations in aggregate
economic activity.
Other Economic Measures provide additional inf o r m a t i o n for the evaluation of current business
conditions and prospects. They include selected
c o m p o n e n t s of the national income and product
a c c o u n t s ; m e a s u r e s of prices, wages, a n d
productivity; m e a s u r e s of t h e labor f o r c e ,
e m p l o y m e n t , and u n e m p l o y m e n t ; economic
data on Federal, State, and local g o v e r n m e n t activities; measures of U.S. international transactions: and selected economic comparisons with
m a j o r foreign countries.
concerning subscriptions to Superintendent of
Documents, U.S. G o v e r n m e n t Printing Office,
Washington, D.C. 2 0 4 0 2 . Make checks payable
to Superintendent of Documents.
BUSINESS CONDITIONS DIGEST
New Features and Changes for This Issue
licit
iii
METHOD OF PRESENTATION
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
S u m m a r y of Recent Data and Current Changes
1
1
1
1
4
5
5
6
NOVEMBER 1984
Data Through October
Volume 24, Number 11
PART I.
CYCLICAL INDICATORS
wm
COMPOSITE INDEXES AND
THEIR COMPONENTS
A1
A2
A3
A4
Composite Indexes
Leading Index Components
Coincident Index Components
Lagging Index Components
E l
CYCLICAL INDICATORS
BY ECONOMIC PROCESS
B1
B2
B3
B4
B5
B6
B7
c
C2
C3
Employment and U n e m p l o y m e n t
Production and Income
Consumption, Trade, Orders, and Deliveries
Fixed Capital Investment
Inventories and Inventory Investment
Prices, Costs, and Profits
Money and Credit
I
DIFFUSION INDEXES
AND RATES O F C H A N G E
Diffusion Indexes
Selected Diffusion Index Components
Rates of Change
The Secretary of C o m m e r c e has determined
that t h e publication of this periodical is necessary in the transaction of t h e public business
required by law of this D e p a r t m e n t . Use of funds
Chart
Table
10
12
14
15
60
—
—
—
16
19
21
23
26
28
31
61
63
64
65
68
69
71
36
74
77
,
39
—
for printing this periodical has been approved
by the Director of t h e Office of M a n a g e m e n t
and Budget through April 1, 1 9 8 5 .
BCII
PART II
OTHER IMPORTANT
ECONOMIC MEASURES
NATIONAL INCOME
AND PRODUCT
Chart
40
41
42
43
44
45
46
47
Table
48
49
84
87
51
89
52
53
90
90
56
57
92
93
58
59
59
94
95
96
A. MCD and Related Measures of Variability (See 1984 Handbook of Cyclical Indicators)
QCD and Related Measures of Variability (See 1984 Handbook of Cyclical Indicators)
B. Current Adjustment Factors
C. Historical Data for Selected Series
97
98
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
PRICES, WAGES,
AND PRODUCTIVITY
B
Bi
B2
Price Movements
Wages and Productivity
LABOR FORCE, EMPLOYMENT,
AND UNEMPLOYMENT
c
fCl
|
D
Dl
D2 j
E
Civilian Labor Force and Major Components
GOVERNMENT ACTIVITIES
Receipts and Expenditures
Defense Indicators
U.S. INTERNATIONAL TRANSACTIONS
Merchandise Trade
Goods and Services Movements
F
F1
! F2
INTERNATIONAL COMPARISONS
Industrial Production
Consumer Prices
Stock Prices
80
80
81
81
82
82
82
83
PART III. APPENDIXES
D. D e s c r i p t i o n s a n d S o u r c e s Of S e r i e s (See "Alphabetical Index—Series Finding Guide")
E. Business Cycle Expansions and Contractions (July 1984 issue)
F. Specific Peak and Trough Dates for Selected Indicators (August 1984 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.
A d d r e s s t h e m t o Feliks T a m m , C h i e f , S t a t i s t i c a l
I n d i c a t o r s Division, B u r e a u of E c o n o m i c A n a l y s i s ,
U . S . D e p a r t m e n t of C o m m e r c e , W a s h i n g t o n , D C 2 0 2 3 0
m c \ a /
t c a t i
^ t W
'
1
i d c c
u
K E o
AND CHANGES
FOR THIS ISSUE
A limited
number
changes a r e made
of
from
time to time to incorporate
recent
ings of
economic
research,
find-
newly
avail-
able time series,
revisions
and
made
by
source agencies
in
concept,
composition,
comparability,
coverage,
seasonal
adjustment
methods,
benchmark
data, etc. Changes
result in revisions
data,
Changes in this issue are as follows:
1. Data for money supply series 85, 102, and 104-107
have been revised to reflect the source agency's incorporation of new information on the level and composition of deposits received in conjunction with annual shifts among
weekly, quarterly, and annual reporting panels of depository
institutions and with regular quarterly reports. The beginning dates for these revisions are as follows:
1980-Series 104;
1981--Series 85, 102, 106, and 107;
1982--Series 105.
Further information concerning these revisions may be
obtained from the Board of Governors of the Federal Reserve
System, Division of Research and Statistics, Banking Section.
2. Appendix C contains historical data for series 31,
56, 57, 63, 70, 71, 77, 110, 285-290, 292, 293, 295, 298,
525, 543, 557, 602, 604, 606, 612, 614, and 616.
3. Appendix G contains cyclical comparisons for series
32, 73, 74, 78, 86, and 89.
The December issue of BUSINESS CONDITIONS DIGEST is scheduled
for release on January 3.
iii
additions
may
of
or
deletions
of
series,
changes
in placement
series in relation
other series,
in composition
indexes,
etc.
to
changes
of
of
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.
S E A S O N A L A D J U S T M E N T 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.
I N D E X PROGRAM—This program computes composite and diffusion indexes and summary
measures of the properties of each index.
T I M E 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
Features include a review of current economic developments; articles pertaining to BEA's work
on the national, regional, and international economic accounts and related topics; quarterly
national income and product accounts tables; and over 1,900 major economic series obtained
from other public and private sources.
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,
DC 20230.
BUSINESS STATISTICS A reference volume containing statistical
series reported currently in the Survey of Current Business.
This report provides historical data on statistical time series. The series are accompanied by
concise descriptions of their composition, methods of compilation, comparability, revisions, and
availability. Also listed are the names and addresses of organizations that provide the 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 1959, 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 1972.
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 1984
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 occasional reviews by NBER and may be changed
as a result of revisions in important economic
time series. The dates shown in this publication
for the 1948-70 time period are those determined
by a 1974 review. Since then, NBER has designated
turning points for recessions in 1973-75, 1980, and
1981-82.
Part I. CYCLICAL INDICATORS
Business cycles have been defined as sequences
of expansion and contraction in various economic
processes that show up as major fluctuations in aggregate economic activity—that is, in comprehensive measures of production, employment,
income, and trade. While recurrent and pervasive,
business cycles of historical experience have been
definitely nonperiodic and have varied greatly in
duration and intensity, reflecting changes in
economic systems, conditions, policies, and
outside disturbances.
One of the techniques developed in business
cycle research and widely used as a tool for analyzing current economic conditions and prospects is
the cyclical indicators approach. This approach
identifies certain economic time series as tending
to lead, coincide with or lag behind the broad
movements in aggregate economic activity. Such
indicators have been selected and analyzed by
NBER in a series of studies published between
1938 and 1967. During the 1972-75 period, a new
comprehensive review of cyclical indicators was
carried out by the Bureau of Economic Analysis
(BEA) with the cooperation of the NBER research
staff. The present format and content of part I of
BCD are based on the results of that study.
Section A. Composite Indexes and
Their Components
All cyclical indicators have been evaluated according to six major characteristics: Economic
significance, statistical adequacy, consistency of
timing at business cycle peaks and troughs,
conformity to business expansions and
contractions, smoothness, and prompt availability
(currency). A formal, detailed weighting scheme
was developed and used to assess each series by all
of the above criteria. (See articles in the May and
November 1975 issues of BCD.)
The resulting
scores relate to cyclical behavior of the series
during the period 1947-70. This analysis produced
a new list of indicators classified by economic
process and typical timing at business cycle peaks
and troughs. (See tables on page 2 and text below
relating to section B.)
This information, particularly the scores relating
to consistency of timing, served as a basis for the
selection of series to be included in the composite
indexes. The indexes incorporate the best-scoring
series from many different economic-process
groups and combine those with similar timing
behavior, using their overall performance scores as
weights. Because they use series of historically
tested usefulness and given timing characteristics
(for example, leading at both peaks and troughs),
with diversified economic coverage and a minimum
of duplication, composite indexes give more
reliable signals over time than do any of the
individual indicators. Furthermore, much of the
1
Cross-Classification of Cyclical Indicators by Economic Process and Cyclical Timing
A. Timing at Business Cycle Peaks
x v Economic
eProcess
Cyclical N.
Timing
Ny
L E A D I N G (L)
INDICATORS
(62 series)
ROUGHLY
COINCI DENT(C)
INDICATORS
(23 stirles)
L A G G I N G (L9)
INDICATORS
(18 series)
TIMING
UNCLASSIFIED
1.
EMPLOYMENT
AND
UNEMPLOYMENT
(18 series)
II.
PRODUCTION
AND
INCOME
(10 series)
III.
CONSUMPTION,
TRADE,
ORDERS, AND
DELIVERIES
(13 series)
IV.
FIXED
CAPITAL
INVESTMENT
(18 series)
V.
INVENTORIES
AND
INVENTORY
INVESTMENT
(9 series)
VI.
P R I C E S , COSTS,
AND PROFITS
(17 series)
VII.
MONEY
AND CREDIT
(2i> series)
Marginal
employment
adjustments
(6 series)
Job vacancies
(2 series)
Comprehensive
employment
(1 series)
Comprehensive
unemployment
(3 series)
Capacity
utilization
(2 series)
New and
unfilled orders
tind deliveries
(6 series)
Consumption
(2 series)
Formation of
business
enterprises
(2 series)
Business
investment
commitments
(5 series)
Residential
construction
(3 series)
Inventory
Investment
(4 series)
Inventories on
hand and on
order
(1 series)
Stock prices
(1 series)
Commodity
prices
(1 series)
Profits and
profit
margins
(7 series)
Cash flows
(2 series)
Money flows
(3 series)
Real monay
supply
(2 series)
Credit flows
(4 series)
Credit
difficulties
(2 series)
Bank reserves
(2 aeries)
1nterest rates
(1 series)
Comprehensive
employment
(1 series)
Comprehensive
output and
real Income
(4 series)
1 ndustrlal
production
(4 series)
Consumption
and trade
(4 series)
Backlog of
Investment
commitments
(1 series)
Business
Investment
expenditures
(5 series)
Duration of
unemployment
(2 series)
Business
Investment
expenditures
(1 series)
Comprehensive
employment
(3 series)
Trade
(1 series)
|8 series)
Velocity of
money
(2 series)
Interest rates
(2 series)
Inventories on
hand and on
order
(4 series)
Business
investment
commitments
(1 series)
Unit labor costs
and labor snare
(4 series)
Interest rates
(4 serial)
Outstanding
debt
(3 series)
Commodity
prices
(1 series)
Profit share
(1 series)
Interest rates
(1 series)
B. Timing at Business Cycle Troughs
Economic
\Process
Cyclical
Timing
\
L E A D I N G (L)
INDICATORS
(47 series)
EMPLOYMENT
AND
UNEMPLOYMENT
<18 series)
Marginal
employment
adjustments
(3 series)
Marginal
employment
adjustments
ROUGHLY
(2 series)
COINCI D E N T ( C ) Comprehensive
INDICATORS
employment
(23 series)
(4 series)
L A G G I N G (Lg)
INDICATORS
(40 series)
Marginal
employment
adjustments
(1 series)
Job vacancies
(2 series)
Comprehensive
employment
(1 series)
Comprehensive
and duration
of
unemployment
(5 series)
TIMING
UNCLASSIFIED
<U)
(1 series)
II.
PRODUCTION
AND
INCOME
(10 series)
IV.
III.
CONSUMPTION, F I X E D
TRADE,
CAPITAL
ORDERS, AND
INVESTMENT
DELIVERIES
(18 series)
(13 series)
Industrial
production
( l series)
New and unfilled
orders and
deliveries
(5 series)
Consumption
and trade
(4 series)
Formation of
business
enterprises
(2 series)
Business
Investment
commitments
(4 series)
Residential
construction
(3 series)
Comprehensive
output and
real income
(4 series)
Industrial
production
(3 series)
Capacity
utilization
(2 series)
Consumption
and trade
(3 series)
Business
Investment
commitments
(1 series)
Unfilled orders
(1 series)
Business
Investment
commitments
(2 series)
Business
Investment
expenditures
(6 series)
v.
INVENTORIES
AND
INVENTORY
INVESTMENT
(9 series)
VII.
VI.
P R I C E S , COSTS, MONEY
AND PROFITS
AND CREDIT
(17 series)
(26 series)
Inventory
Investment
(4 series)
Stock prices
(1 series)
Commodity
prices
(2 series)
Profits and
profit margins
(6 series)
Cash flows
(2 series)
Money flows
(2 series)
Real money
supply
(2 series)
Credit flows
(4 series)
Credit
difficulties
(2 series)
Profits
(2 series)
Money flow
(1 series)
Velocity of
money
(1 series)
Unit labor costs
and labor share
(4 series)
Velocity of
money
(1 series)
Bank reserves
(1 series)
Interest rates
(8 series)
Outstanding debt
(3 series)
Inventories on
hand and on
order
(S series)
Bank reserves
(1 series)
independent measurement error and other "noise"
in the included series are smoothed out in the
index as a whole. The indexes include only monthly
series that are acceptable in terms of relatively
prompt availability and reasonable accuracy.
The main composite indexes are distinguished by
their cyclical timing. Thus, there is an index of
leading indicators, series which historically reached
their cyclical peaks and troughs earlier than the
corresponding business cycle turns. There is an
index of roughly coincident indicators, consisting
of series which historically reached their turning
points at about the same time as the general
economy, and an index of lagging indicators, which
includes series that typically reached their peaks
and troughs later than the corresponding business
cycle turns.
The leading index contains series with long as
well as short leads, but each series leads on the
average over time and shows a frequency of leads
at the individual turns exceeding that attributable
to chance, given the historical distribution of
cyclical timing. (An analogous statement applies to
the components of the lagging index.) Since 1948,
leads were generally more frequent and longer at
peaks than at troughs of business cycles, while lags
were generally more frequent and longer at troughs
than at peaks. The adopted system of scoring and
classifying the indicators takes into account these
well-established differences in timing.
Consequently, rough coincidences include short
leads ( - ) and lags ( + ) as well as exact
coincidences (0). (For monthly series, the range is
from -3 through + 1 at peaks and from -1 through
+ 3 at troughs, where minus denotes leads and
plus denotes lags in months.)
For purposes of constructing a composite index,
each component series is standardized: The monthto-month percent changes in a given series are
divided by the long-run average (without regard to
sign) of those changes. Thus, the more volatile
series are prevented from dominating the index.
The coincident index is calculated so that its longterm trend (since 1948) equals the average of the
trends of its four components. This trend, which is
similar to that of GNP in constant dollars, can be
viewed as a linear approximation to the secular
movement (at an average growth rate) in aggregate
economic activity. The indexes of leading and lagging indicators have been adjusted so that both
their trends and their average month-to-month
percent changes (without regard to sign) are approximately equal to those of the coincident index.
(For a more detailed description of the method of
constructing the composite indexes, see the 1984
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 N6ERdesignated reference dates), and "Lg" a tendency
to lag. Since these series have been selected for the
consistency of their timing at both peaks and
troughs, all components of the leading index are
denoted "L,L,L," all components of the coincident
index "C,C,C," and all components of the lagging
index "Lg,Lg,Lg." It should be remembered that
these classifications are based on limited evidence,
namely the performance of the indicators during
the business cycles of the 1948-70 period, which
included five peaks and five troughs. While the
timing classifications are expected to agree with
the patterns prevailing in the near future, they will
not necessarily hold invariably in every instance.
The timing of the series in the period since 1970
can be determined by inspection of the charts,
where the recessions of 1973-75, 1980, and
1981-82 are shaded according to the dates of
the NBER reference cycle chronology.
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 1984
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.
3
Part II. OTHER IMPORTANT
MEASURES
ECONOMIC
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 BF.A, 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.
Digitized4for FRASER
Gross private domestic investment (A3) is fixed
capital goods purchased by private business and
nonprofit institutions and the value of the change
in the physical volume of inventories held by
private business. The former include all private
purchases of dwellings, whether purchased for
tenant or owner occupancy. Net purchases of used
goods are also included.
Government purchases of goods and services
(A4) is the compensation of government employees
and purchases from business and from abroad. It
excludes transfer payments, interest paid by
government, and subsidies. It includes gross
investment by government enterprises but excludes
their current outlays. It includes net purchases of
used goods and excludes sales and purchases of
land and financial assets.
Net exports of goods and services (A5) is exports
less imports of goods and services. Exports are part
of the national production; imports are not, but are
included in the components of GNP and are
therefore deducted. More detail on U.S.
international transactions is provided in section E.
National income (A6) is the incomes that
originate in the production of goods and services
attributable to labor and property supplied by
residents of the United States. Thus, it measures
the factor costs of the goods and services produced. It consists of the compensation of
employees, proprietors' income, rental income of
persons, corporate profits, and net interest.
Saving (A7) is the difference between income
and expenditures during an accounting period.
Total gross saving includes personal saving,
business saving (mainly undistributed corporate
profits and capital consumption allowances), and
government surplus or deficit.
Shares of GNP and national income (A8).—The
major expenditure components of GNP
(consumption, investment, etc.) are expressed as
percentages of GNP, and the major income
components of national income (compensation of
employees, corporate profits, etc.) are expressed as
percentages of national income.
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 1972.
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.
Section C. Labor Force, Employment, and
Unemployment
This section contains measures of the civilian
labor force and its major components: Total
numbers of employed and unemployed persons.
The number of unemployed is subdivided into
selected categories defined by sex, age, and class
of worker. Also included are data on participation
rates for a few principal segments of the labor
force.
Section 0. Government Activities
Receipts, expenditures, and their balance (surplus or deficit) are shown quarterly on two levels:
(1) Federal Government and (2) State and local
government. Also shown is a selection of series
from the discontinued Defense Indicators.
These series measure defense activities which
influence short-term changes in the national
economy. Included are series relating to
obligations, contracts, orders, production,
shipments, inventories, outlays, and employment.
These series are grouped according to the time at
which the activities they measure occur in the
defense order-production-delivery process. Series
measuring activities which usually precede production, such as contract awards and new orders,
are classified as "advance measures of defense
activity." Series measuring activities which tend to
coincide with production, such as employment, and
activities which usually follow production, such as
shipments, are classified as "intermediate and final
measures of defense activity."
Section E. U.S. International Transactions
This group includes monthly series on exports
(excluding military aid) and general imports, plus a
few selected components of these aggregates. Also
shown are the balances between receipts and
expenditures for goods and services, merchandise,
and investment income.
Section F. International Comparisons
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 1972) provide
important measures of the rates of inflation in the
major industrialized countries. Stock prices (also
shown beginning in 1972) 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 N B E R .
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. ( " I V " = 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 N B E R .
Rates of Change
Solid line indicates percent
changes over 3- or 6-month
spans.
Dotted line indicates anticipated quarterly data over
various spans.
Arabic number indicates latest
month used in computing
the changes.
Broken line indicates percent
changes over 1-month spans.
Broken line with plotting
points
indicates
percent
changes over 1-quarter spans.
Solid line with plotting points
indicates percent changes over
3 - o r 4-quarter spans.
Roman
number
indicates
latest quarter used in computing the changes.
HOW TO LOCATE A SERIES
1. See A L P H A B E T I C A L I N D E X - S E R I E S F I N D I N G G U I D E at
' the back of the report where series are arranged alphabetically
according to subject matter and key words and phrases of the
series titles, o r -
2. See T I T L E S A N D S O U R C E S OF S E R I E S 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—Continued
Percent change
Basic data*
Series title and timing
1982
I.
CYCLICAL
910.
920.
930.
940.
INDICATORS
A. C o m p o s i t e
s
IstQ
1984
1983
3dQ
19(4
2dQ
1984
Sept.
1984
Aug.
1984
Sept.
to
Oct,
1984
Aug.
to
Sept
1984
Annual average
of
classification 1
Oct.
1914
IstQ
to
2d Q
1184
2d Q
to
3d Q
1984
1
2
4
- 1
- 2 . 1
1.2
3.3
- 2 . 1
E
1
Indexes
1967 = 100
do
do
Twelve leading indicators
Four roughly coincident indicators
Six lagging indicators
Ratio, coincident index to lagging index
leading Indicator Subgroups:
9 1 3 . Marginal employment adjustments
„ L,L,L...
do
L.L.L..
do
do
do
do
do
1 3 6
136
123
1 1 0
. 8
.3
.0
. 9
1 0 4
97
93
1 2 2
NA
. 3
.2
.7
. 8
1 3 9 . 9
111.7
125 .4
166
150
111
135
.3
.4
.3
.1
1
1
1
1
NA
. 8
. 8
.7
.7
1 1 1
1 0 6
1 0 9
135
NA
. 1
. 9
. 0
.2
NA
111.0
1 0 7 . 3
1 1 0 . 4
1 5 6 . 0
1 0 8
1 0 2
104
130
.3
.8
. 9
. 9
1 6 4
155
1 2 0
1 2 9
. 0
.8
. 0
. 8
1 6 5
155
1 2 0
1 2 8
1 3 8 . 2
NA
1 0 9 . 9
1 0 4 . 0
NA
1 3 7 . 3
1 1 0
103
111
136
NA
. 0
.5
.5
.5
1 1 0 . 2
103 .7
NA
137.6
4 0 . 8
3 . 4
353
4 0 . 5
3.3
364
40.5
3 . 3
358
4 0 . 6
3 . 3
0 . 4 4 9
128
0 . 4 6 1
132
0.447
128
0 . 4 5 4
129
6
5
1
3
7
4
6
2
.
.
.
.
9
0
1
7
164
155
1 1 9
1 2 9
. 0
.8
. 9
. 9
1 6 3
156
121
128
. 8
.6
.7
.7
0
6
0
0
- 0
8
NA
NA
1 0 9 . 8
103 .2
NA
0 .2
0 .2
NA
NA
0 .8
7
NA
- 0 .
0.
0.
- 0 .
7
5
7
2
NA
- 0 . 4
- 0 . 5
NA
NA
.0
.4
. 3
. 8
nA
- 0 . 1
0 . 4
1.3
2 . 2
NA
- 1 . 0
- 3 . 1
NA
- 0 . 7
910
920
930
940
913
914
915
916
917
B. Cyclical Indicators by E c o n o m i c P r o c e s s
61. Employment and Unemployment
Marginal Employment Adjustments:
* 1 . Average workweek, prod, workers, mfg
2 1 . Avg. weekly overtime, prod, workers, mfg.'
• 5 . Avg. weekly initial claims (inverted*)
Job Vacancies:
60. Ratio, help-wanted advertising to unemployment 1
46. Help-wanted advertising
Production and
1967-100
il,C,C...
U.C.C...
C.C.C..
L,C,U...
U.Lg.U...
C.C.C...
C.C.C..
C.C.C..
Capacity Utilization:
8 3 . Capacity utilization rate, mfg., BEA'
82. Capacity utilization rate, mlg„ FSB'
8 4 . Capacity utilization rate, materiaSs. FRB'
L.C.U...
L,C,U..
Consumption, Trade, Orders, and
and Deliveries:
New orders, durable goods
New orders, durable goods, 1 9 7 2 dollars
New orders, cons, goods and mtls., 1972 dol
Change in unfilled orders, durable goods'
Mfrs.' unfilled orders, durable goods'
Vendor performance 1 ©
Consumption and Trade:
5 6 . Manufacturing and trade sales
• 5 7 . Manufacturing and trade sales, 1 9 7 2 dollars
7 5 . Industrial production, consumer goods
54. Sales o l retail stores
59. Sales of retail stores. 1 9 7 2 dollars
55. Personal consumption expenditures, automobiles
58. Index o l consumer sentiment ©
Fixed Capital
0 . 4 2 1
1 6 6 . 0 2
96 . 1 2
do
Thousands
8 9 . 5 7
2 3 , 8 1 3
57
Percent
.05
1 0 , 6 7 8
9.7
4 . 6
15.6
3 . 2
168.15
97 . 4 5
90.14
2 3 , 3 94
3.5
352
125
1 7 4 .
1 0 0 .
92.
2 4 , 5
4
4
7
1
8
2
6
8
9 3 . 7 9
24,862
1 7 7 . 7 4
1 0 1 . 9 0
94.54
25 , 0 5 4
176
101
.73
.75
1 7 7 .
101
94.
25,0
368
4 9
.74
52
98
178.
1 0 1 .
94.
25,0
6
9
7
0
7
2
5
5
.15
5 8 . 3 2
5 8 . 9 6
5 8 , 8 3
5 8 . 7 0
10,717
9.6
3 . 8
20 .0
3 . 8
8,866
7 . 9
2 . 9
1 9 . 4
2.7
8,49
7.
2.
18.
2 .
8,51
7.
2 .
17.
2.
8,526
7.5
2.6
17.3
2.3
8,460
7 . 4
2.7
57
6
5
7
5
4
0
5
7
5
3
40.5
3.3
405
0 . 4 8 0
136
178.
102.
95
2 5 , 0
36
47
.20
7 1
58.9.3
1
4
7
5
2
- 0 . 2
- 1 0 . 1
0 . 0 0 7
0 .8
0 . 0 2 6
5 . 4
0
0
0
- 0
.7
.2
.2
.4
0. 0 9
0.
- 0 . 2
0.5
0.5
0 . 3
0 . 1 4
0.8
0. 1
-0 . 1
0.
- 0 . 1
- 0 . 3
0.026
2 . 4
1
1
1
1
.3
.3
.1
.4
21
0 . 0 1 2
3.1
60
46
5
0 . 6
0 . 1
48
42
0 . 8
0 . 8
41
40
- 0 . 1 3
90
2
4
2
6
3
- 0 . 2
37
0 . 6 4
1 .2
0
3.5
0 . 1
0 .5
.6
0 . 4
0.3
1.7
1.6
1 . 9
0.5
1.0
1.2
50
52
.6
- 0 .4
- 0 . 2
1.1
0 . 2
53
1 6 5 . 2
1 5 7 . 2
165 . 2
157 .3
47
73
181
2
2
1
3
1.6
2.5
1 8 0 . 8
- 0 .5
- 0 .6
- 0 .5
0 . 7
0.
74
49
0 . 8
0 . 2
83
82
84
0 . 3
0.
0.
.
.
.
.
.
1
- 0 . 7
- 0 . 1
- 3 . 1
4
0
0
4
0
17.1
2.3
8 , 4 3
7 .
2 .
16.
2.
0 .2
0
- 2 .8
0.
0.
5 . 4
0 . 1
43
45
91
44
1 4 8 0 . 0
A,r„ bil. dol
do
do
1254.5
1 0 7 2 . 0
1534.7
1284.6
1 0 9 5 . 0
1 6 1 0 . 9
1339.5
1 1 5 0 . 8
2 1 5 . 9
213.5
222.6
225
.0
225
.5
225
1
1
1
6
147
134
1 6 8
6 8 8
1
1
1
7
1 6 3
153
1 8 0
767
. 1
.6
. 1
.4
165
157
.7
.5
181
767
.4
.5
1 6 6 . 1
1 5 8 . 1
1 8 1 .7
do
1967=100
do
do
A.r., bil. dol
..
3
2
5
6
8
4
6
0
.
.
.
.
6
7
2
6
70
7 1 . 1
70.0
do
do
.6
.5
. 1
. 6
74
7 5 . 2
7 5 . 2
5 9
50
76
44
. 8
.2
.7
.9
80.7
81.6
1 6 3 8 . 8
1 3 6 1 . 6
1 1 7 2 . 2
8 1 . 8
82.7
1646.5
1375 .3
1 1 8 6 . 3
1379.5
1191 .1
1 3 7 3 . 0
1183.7
.8
225
...
...
82.6
82.9
.0
13 8 4 . 9
1 1 9 5 . 0
224
...
.4
0
0.
0 . 1
0.3
...
...
...
•
.
.
.
.
1
3
9
0
1.1
1 .1
51
Deliveries
1,1,1..
L.L.L..
L,L,I
L.L.L..
L.Lg.U..
L.L.L..
C.C.C..
C.C.C..
C.L.C..
C.L.U..
U.L.U..
L,C,C„
L.L.l,.
Bit. dol
75
.00
87
.85
do
do
do
Bil. dpi., EOP ... 2
Percent
3 2 .
2 9 .
- 1 .
8 7 .
4 7
4 4
8 1
0 1
37
3 7 .
34.
2 .
3 1 9 .
0 1
12
6 9
3 0
54
Bil. dol
do
1967 = 1 0 0
Bil. dol
do
A.r., bil. dol
IQ 1966=100
3 4 3
1 5 2
1 4
89
44
7
6
. 3 4
. 4 9
2 . 6
.55
.67
3.6
8 . 0
1967 = 1 0 0
Number
1 1 3 . 2
4 7 , 1 5 3
102
42
38
6
337
.32
.48
.15
,13
.,70
68
9 9 . 9 2
41 .13
37 .45
2.35
3 4 4 . 7 6
69
1 0 0
41
3 7
1
3 4 8
. 8 0
.41
. 4 8
.34
. 7 8
57
1 0 2 . 0 2
41 .86
37 . 90
0 . 9 8
349.05
54
9 8 . 6 8
4 0 . 5 4
3 6 . 6 8
- 0 . 2 7
3 4 8 . 7 8
58
94.65
3B.97
36 . 3 4
- 4 . 6 8
3 4 4 . 1 0
52
411 .18
176.76
1 6 2 .5
1 0 6 . 6 0
5 1 . 1 3
4 0 8 . 9 3
NA
NA
1 6 1 . 9
1 0 7 . 7 2
51 .34
367.06
1 6 1 . 7 0
151.7
97.83
4 7 . 7 5
88.3
87.5
400.152
172.67
1 5 9 . 7
105 .32
5 0 . 6 8
1 0 1 . 9
99 .5
4 1 0 . 9
176.6
1 6 2 .
108.3
5 2 . 2
104.
96.
1
5
0
5
1
6
6
410 .50
176 .20
1 6 2 . 6
1 0 7 . 3 0
51 .46
102 .1
98.9
99.1
1 1 4 . 8
5 0 , 1 6 2
117 .5
53 , 3 5 3
1 1 7 . 0
53 , 2 7 6
1 1 7 . 8
NA
1 1 8 . 2
- 1
3 .3
3 .2
3 .2
. 25
.1
4
-0
- 4
-
3 . 9
0 . 9
. 4 1
1 . 3
-6
0. 9
NA
NA
0.2
- 0 . 1
- 0 . 5
.9
96.3
1 .8
- 4 . 6
1 1 9 . 6
NA
1 1 9 . 9
NA
1 .2
NA
...
175
16
107
51
.32
1.6
.87
.61
100
..•
- 0 .5
- 0 .8
- 0 .6
1 .2
- 4 . 1
,
- 1 . 8
- 3 . 7 8
2.1
1
0 . 9
0.7
0 . 1
-1 .01
1 .2
- 1 2
6
7
8
25
96
32
2.
2.
1
2 .
3 .
2.
- 2 .
- 0 .
- 0 .
0 .
- 1 .
-1
- 2 .
2.
1
3
4
0
.4
4
4
56
57
75
54
59
55
:>8
0 . 7
NA
12
1.1
- 2 . 3
- 3 . 2
6
3
.4
9
0
6
9
Investment
Formation ol Business Enterprises:
• 1 2 . Net business formation
13. New business incorporations.
Business Investment Commitments:
10. Contracts and orders, plant and equipment
• 2 0 . Contracts and orders, plant and equipment,
1 9 7 2 dollars
24. New orders, capital goods indsis., nondefense
2 7 . New orders, capital goods industries,
nondefense, 1 9 7 2 dollars
6
0 . 2 7 1
96
86
A.r., bil. hrs
C.C.C..
C,C,C.„
C.C.C..
C.L.L..,
C.C.C..
B4.
0 . 2 4 3
..
L.Lg.U... Thousands
L.Lg.U...
do
L,Lg,U....
Lg.Lg.Lg. .. Weeks
Lg,Lg,Lg—. Percent
Industrial Production:
• 4 7 . Industrial production, total
73. Industrial production, durable mfrs
74, Industrial production,.nondurable mfrs
49. Value ol goods output. 1 9 7 2 dollars
Orders
6.
7.
*8.
25.
96.
•32.
4 0 . 8
Income
Comprehensive Output and Income*
50. GNP in 1972 dollars
5 2 . Personal income in 1 9 7 2 dollars
' 5 1 . Pers. income less transfer pay., 1972 dollars
53. Wages and salaries in mining, mfg., and
construction, 1972 dollars
B3.
4 0 . 1
3 . 0
426
o.
B2.
L.Lg.U...
L.Lg.U...
3 8 . 9
2.3
578
CO
Comprehensive Unemployment:
3 7 . Total unemployed (inverted")
43. Unemployment rate, total (inverted 4 )'
45. Avg. weekly insured unemptoyment rate (inv. 1 )'
' 9 1 . Avg. duration of unemployment (inverted 1 )
4 4 . Unemployment rate, 15 weeks and over (inv.') 1
do
Thousands
<n
Comprehensive Employment:
4 8 . Employes-hours in nonagri. establishments
4 2 . Persons engaged in nonagri. activities
' 4 1 , Employees on nonagri. payrolls
4 0 , Employees in mining, mfg., construction
9 0 . Ratio, civilian employment to total population
of working age'
L.L.L...
L,C,L...
L.C.L
. L.L.L..
. L.L.L.
NA
0 . 3
NA
- 0 . 4
- 0 . 1
2 4 . 7 9
26
.76
3 0 . 1 2
31
.94
31
.91
31
.14
31
.92
2 9 . 7 9
2 .5
- 6 . 7
6 . 0
-0 .1
L.L.L..
L,L,L.
......do
do
1 2 . 3 1
13
22
.43
.73
15
26
15
27
.89
.62
15
27
.54
.33
15
26
.45
.50
15
27
.77
.84
14.63
24 .7 8
2 .1
5 .1
- 7 . 2
- 1 1 .0
4 . 3
-2.2
4 . 9
- 1
L.L.L..
do
10.52
11
.72
1 3 . 6 5
13
.65
1 3 . 5 3
12
4 .1
- 1 0 . 8
3 . 4
- 3 . 3
L.L.i—
Bil. dol
20
.63
.23
.32
1 4 . 1 1
1 4 . 0 8
.56
.0
10
20
84
27
Table 1.
Summary of Recent Data and Current Changes for Principal Indicators—Continued
Basic d a t a '
Percent change
Unit
Series title and timing classification'
of
Annual average
measure
1982
I.
1983 '
3d Q
1984
2d Q
1984
1984
Aug.
1984
Sept
1984
Sept.
to
Oct.
1984
Aug.
to
Sept
1984
Oct.
1984
2d<
to
1st Q
to
2d Q
1984
3d Q
1984
CYCLICAL INDICATORS—Con.
B4. Fixed Capital I n v e s t m e n t — C o n .
Business Investment C o m m i t m e n t s — C o n . :
9 . Construction contracts, c o m m e r c i a l and
industrial buildings, floor space
Mil. s q . f t
5 7 . 3 8
Bil. dol
21
Bil. dol., EOP ...
7 0 . 7 6
. 2 8
6 3 . 8 6
71
7 9 . 4 9
7 9 . 7 0
2 2 . 0 0
2 6 . 8 2
7 8 . 6 5
3 7 . 1 5
9 2 . 5 2
2 8 . 7 2
7 3 . 5 0
. 2 8
96
8 4 . 2 6
75
. 1 2
7 8 . 0 8
.. .
- 1 0 . 8
11 .5
0 .3
3 8 .5
17 .6
- 2 2 .7
3 .3
4 .5
3 . 9
.31
4 .1
Business Investment Expenditures:
6 1 . Business expend., new plant and equipment
C.Lg.Lg...
A . r „ bil. dol
282
. 7 1
26
9 . 2 2
2 9 3 . 1 5
3 0 2 . 7 0
3 1 6 . 2 2
3 2 0 . 5 7
3 5 0 . 4 8
3 7 3 . 3 0
383
6 9 . Machinery and equipment sales and business
construction expenditures
C.l&Lg...
7 6 . Industrial production, business e q u i p m e n t
C,Lg,U...
8 6 . Nonresid. fixed investment, total, 1 9 7 2 dollars
C,Lg.C...
do
3 2 5 . 6 9
.47
1967 = 100
A.r., bil. dol
1 5 7 . 9
1 5 3 . 3
1 7 1 . 6
1 7 7 . 0
1 8 7 . 1
1 6 6 . 9
1 7 1 . 0
1 9 3 . 3
202
2 1 0 . 5
A.r., thousands..
1
1
.9
377
. 2 0
1 8 7 . 8
401
.07
NA
6 . 3
188.0
0 . 1
6 .5
0 . 3
2 .7
3 .1
5 .7
5 .0
3 .7
- 9 . 8
- 3 .7
- 1 2 .3
- 1
Residential Construction C o m m i t m e n t s and Investment:
2 8 . N e w private housing units started, total
8 9 . Fixed investment, residential, 1 9 7 2 dollars
B5.
Inventories and Inventory
, 0 6 2
, 7 0 3
1 , 9 6 8
1 , 8 9 5
1
L,L,L...
1967=100
8 0 . 7
1 2 9 . 4
1 4 6 . 1
141
1 2 1 . 4
- 2 .9
- 1 4 . 4
L,L,L...
A.r., bil. dol
3 7 . 9
5 3 . 7
6 0 . 6
6 0 . 8
6 0 . 1
0 .3
- 1 .2
do
- 1 0 . 4
- 3 . 6
31
2 0 . 3
3 0 . 0
- 1 1 .3
do
- 1 6 . 0 0
L,L,L...
* 2 9 . N e w building permits, private housing
.9
, 6 6 2
1
, 5 5 4
121 .6
1
, 6 7 9
1 1 6 . 3
1 , 5 1 5
8 . 0
1 1 4 . 5
- 4 . 4
.5
Investment
Inventory Investment:
3 0 . Change in business inventories, 1 9 7 2 dollars 1
.6
9 .7
* 3 6 . Change in inventories on hand and on order,
1 9 7 2 dollars ( s m o o t h e d ' ) '
3 1 . Change in mfg. and trade inventories'
do
- 1 8 . 1
. 9 1
2 5 . 4 2
3 2 . 2 6
7 3 . 7
5 6 . 3
5 1 . 8
2 . 6 6
1
0 . 7 8
8 . 8
- 2 . 1 3
Bil. dol
3 8 . Change in materials on hand and on o r d e r '
1
1
. 4 6
16
. 2 8
.51
1 4 . 2 6
61.8
- 0 . 5 1
16
NA
NA
NA
. 5 1
3 9 . 3
0 . 4 6
MA
NA
NA
2 . 2 5
- 2 2 . 5
0 . 9 7
6. 84
- 1 7
- 1
- 1 5
.75
.4
- 4 .5
.3 8
- 0 . 50
Inventories on Hand and on Order:
7 1 . Mfg. and trade inventories, book v a l u e 1
7 0 . Mfg. and trade inventories, 1 9 7 2 dollars',.
6 5 . Mfrs.' inventories of finished goods'
• 7 7 . Ratio, constant-dollar inventories to sales, mfg.
and t r a d e '
LBtLe.Lg...
Bil. dol., E O P . . . 5 0 5 . 5 5
2 5 9 . 4 0
do
do
85
.02
5 1 4 . 3 4
5 3 2 . 7 7
5 4 6 . 8 3
55
25
2 6 5 . 1 2
2 7 0 . 0 3
275
8 2 . 8 7
8 6 . 5 4
1 . 5 9
1 . 5 2
1 . 5 2
2 0 8 . 5 9
2 1 6 . 5 9
2 2 0 . 4 4
2 2 2 . 7 9
222
0 . 3 2
- 0 . 5 6
- 0 . 9 1
- 1
2 8 8 . 1
276
1 . 7 4
Lg,Lg,Lg.... Ratio
9 . 0 2
BO.
87
9 . 7 9
.92
8 9 . 1 7
1
.55
556
.52
2 7 4 . 3 2
8 8 . 5 2
1 . 5 5
5 5 9 . 7 9
275
NA
NA
NA
0 . 6
.92
0 . 6
8 9 . 1 7
0 . 7
1 . 5 7
0 . 0 2
NA
2 2 2 . 7 9
0 . 2
MA
2 .6
2 .4
1 .9
4 .4
2 .2
3 .0
0.
0 . 03
7 8 . Stocks of materials and supplies on hand a n d on
order, mfg.'
B6.
. l , L g , L j . . . . Bil. dol., E O P . . .
Prices, Costs, and
191
. 1 2
.33
1 . 8
1 .1
Profits
Sensitive C o m m o d i t y Prices:
9 8 . Change in producer prices, sensitive m a t e r i a l s '
L.L.L.... Percent
2 3 . S p o t m a r k e t prices, raw industrials ©
U.L.L.... 1 9 6 7 = 1 0 0
* 9 9 . Change in sensitive materials prices (smoothed 6 )'
L.L.L.
Percent
- 0 . 3 8
242
.5
1
.23
2 5 8 . 5
285
.5
- 0 . 6 7
1 . 0 3
0 . 5 2
1 1 9 . 7 1
1 6 0 . 4 1
1 6 0 . 3 6
0 . 1 8
.6
- 0 . 92
275
.40
.6
- 1
.05
164
.42
0.88
- 0 . 8 4
2 7 4 . 0
266
-1 .06
-0.81
. 4
2 . 2 8
- 1
. 7 2
- 0 . 6
- 2 . 8
- 0 . 0 1
0 . 2 5
1 . 0
- 0 . 8
- 0 .
88
- 0 . 35
0 .9
- 0
.34
- 4 .0
- 1
.10
Stock Prices:
* 1 9 . Stock prices, 5 0 0 c o m m o n stocks (
. L.L.I—
1941-43=10...
155
.76
1 6 0 . 5 4
- 2 .9
3 .1
- 0 .3
- 1 .0
- 7 .3
Profits a n d Profit Margins:
1 0 4 . 8
1 2 7 . 4
1 5 0 . 6
do
5 0 . 6
6 0 . 5
7 1 . 0
L,C,L...
do
9 8 . 4
1 4 9 . 4
1 8 4 . 7
L.C.L....
do
47
1 6 . Corporate profits a f t e r taxes
L.L.L.
1 8 . Corporate profits after taxes, 1 9 7 2 dollars
L.L.L.
7 9 . Corp. profits a f t e r taxes w i t h IVA and CCAdj
80
1 9 7 2 dollars
do
1 5 . Profits ( a f t e r t a x e s ) per dollar of sales, m f g . 1
3 5 . N e t cash flow, corporate, 1 9 7 2 dollars
7 1 . 2
87
1 3 9 . 3
7 0 . 3
195 .2
197
.1
5 .7
- 8 .3
1 .0
92
.3
5 .3
0 .2
.5
92
6 4 . 5
.1
MA
3
.4
4 . 0
4 . 9
4 . 9
1977-100
.2
9 8 . 0
9 8 . 7
9 9 . 8
L,L,L.... A . r „ bil. dol
do
260
.4
3 1 8 . 9
3 6 0 . 4
3 6 6 . 7
364
121
.9
1 4 9 . 3
1 6 7 . 5
1 6 9 . 3
1 6 7 . 1
157
L.L.L..
Cash Flows:
3 4 . N e t cash flow, corporate
.6
1 5 0 . 2
96
L.L.L..
2 6 . Ratio, price to unit labor cost, n o n f a r m business
A r . bil. dol
Cents
L.L.L.
NA
0
9 9 . 7
.4
1 .1
- 0 .1
1 .7
- 0 .6
1 .1
- 1 .3
- 0 .8
0 .7
- 0 .1
1 .3
Unit Labor Costs and Labor Share:
6 3 . Unit labor cost, private business sector
Lg,Lg,Lg.... 1 9 7 7 = 1 0 0
1 5 3 . 6
1 5 6 . 0
1 5 7 . 7
156
Lg,Lg,Lg.... Dollars
1
1
1
1
Lg,Lg,Lg.... 1 9 6 7 - 1 0 0
226
Lg.Lg.Lg.... Percent
.5
.6
6 8 . Labor cost per unit of real gross domestic
product, nonfin. corporations
. 3 9 7
. 4 0 9
. 4 1 5
. 4 1 4
1
...
. 4 3 2
6 2 . Labor cost per unit of output, m a n u f a c t u r i n g
a ) Actual data
* b ) Actual d a t a as percent of trend
.8
2 1 9 . 6
2 1 8 . 5
1 0 2 . 0
9 1 . 9
8 7 . 3
85
7 6 . 2
7 5 . 0
7 3 . 5
7 3 . 3
7 3 . 5
2 1 8 . 0
216
.6
.3
8 3 . 4
216
.3
83
.4
217
.0
8 3 . 1
217
.3
0 . 3
0 . 1
- 0 .2
82.8
- 0 . 3
- 0 . 3
- 1 .7
- 0 . 8
- 2 .2
...
- 0 .2
0 .2
6 4 . Compensation of employees as percent of
national income'
B7.
Money and
Lg.Lg.Lg ...
do
...
Credit
Money:
8 5 . Change in money supply ( M l ) '
L.L.L....
do
0 . 7 0
0 . 7 5
0 . 6 2
0 .'6 8
0 . 1 6
0.16
0 . 4 0
1 0 2 . Change in money supply ( M 2 ) '
L.C.U....
do
0 . 7 5
0 . 9 3
0
0 . 4 0
0
L.L.L....
do
0 . 86
0 . 8 1
0 . 5 1
0 . 9 0
0 . 6 3
1 0 4 . Change in total liquid assets ( s m o o t h e d 6 ) '
1 0 5 . Money supply ( M l ) , 1 9 7 2 dollars
L.L.L.... Bil. dol
• 1 0 6 . Money supply ( M 2 ) , 1 9 7 2 dollars
do
L.L.L....
.49
NA
. 6 4
NA
-0.62
0 . 2 4
- 1
0 . 5 0
0 . 2 4
- 0 . 1 4
na
NA
2 1 8 . 9
2 1 9 . 5
2 1 9 . 3
2 1 9 . 4
217
.3
MA
0.
9 0 6 . 7
913
9 1 9 . 9
9 1 8 . 9
921
922
.9
0 . 3
. 4 9 0
6 . 6 6 9
6 . 7 3 7
6
. 2 9 7
1 . 3 1 6
1 . 3 2 2
1 . 3 2 9
1 9 8 . 7
2 1 3 . 8
217
8 1 4 . 3
8 8 8 . 8
6 . 6 9 6
6
1 . 3 7 6
1
- 5 . 1 2
36
.6
1
. 0 0
.9
na
.5
.02
0. 06
0 . 12
0.
- 0 . 52
- 0
.14
NA
10
- 1 .0
0 . 2
0 .6
0 .3
0 .8
0 .7
0 . 0 6 8
0 . 0 1 7
. 0 0 1
0 . 0 0 6
0 . 0 0 7
na
3 8 . 91
- 3 0 . 77
36 . 13
30 .08
7 .2
- 5
Velocity of Money:
1 0 7 . Ratio, GNP to money supply ( M l ) '
1 0 8 . Ratio, personal income to money supply ( M 2 ) '
C.C.C.... Ratio
C,Lg,C....
do
. 7 5 4
0 . 0 0 2
0
Credit Flows:
3 3 . C h a r g e in mortgage d e b t '
1 1 2 . Change in business loans'
-113. Change in consumer installment credit 3
• 1 1 1 . Change in credit outstanding'
. L.L.L.
.
L,LULU....
A.r., bil. dol
. 0 8
do
17
. 3 2
3 . 6 6
do
13
.36
3 9 . 7 7
. 4 8
1 3 0 . 3 9
9 9 . 6 2
91
. 1 8
8 9 . 3 3
5 2 . 2 5
67 . 7 9
91
8 8 . 3 8
2 9 . 5 9
11
.57
3 8 . 0 3
9 7 . 8 7
6 9 . 5 5
1 2 . 2
7 1 . 9 8
A.r., percent
1 . 9
4 . 9
1 4 . 7
A.r., bil. dol
2 7 1 . 4 1
3 9 0 . 9 9
3 9 3 . 4 8
1 4 . Liabilities of business failures ( i n v . ' ) ®
Mil. dol
1 3 0 0 . 9
3 9 . Delinquency rate, installment loans ( i n v . 1 ) "
Percent, E O P . . .
1 1 0 . Total private borrowing
21
.9
4 8 2 . 2 8
10.1
51
. 4 0
1 2 . 3
MA
NA
73
.92
NA
NA
- 1 . 8 5
2 6 . 4 6
• 2 0 . 5 8
2 . 2
3 5 . 8 9
MA
NA
22 .6
8.79
- 2 8 . 32
- 9 .7
NA
Credit Difficulties:
2 . 1 8
NA
1
. 9 4
NA
1
.85
NA
2 . 0 2
MA
2 . 1 0
MA
1 . 9 3
NA
2.10
MA
- 0 . 1 7
NA
NA
NA
- 0 . 17
NA
- 0 . 0 8
Summary of Recent Data and Current Changes for Principal Indicators—Continued
Table 1.
Percent duifi»
Unit
of
measure
Series title end timing classification'
2d Q
1984
3dQ
1984
Aug.
1984
Sept.
1984
10
- 1 , 8 9 6
- 6 , 4 2 4
2,507
7 , 0 6 1
•7,334
8,017
-6,622
745
1st Q
1984
1983
1982
I.
Aug.
to
Sept.
1984
Annual average
Oct.
1984
Sent.
1st Q
to
Oct.
1984
1981
CYCLICAL INDICATORS—Con.
B7. Money and Credit—Con.
Bank Reserves:
93, Free reserves (inverted 1 )' ®
9 4 . Borrowint from te Federal R e s e r v e ' ®
L.U.U.
L,lg,U....
Interest Rates:
119. Federal funds rate' ©
114. Treasury bill r a t e ' ®
116. Corporate bond yields 1 ®
115. Treasury bond y i e l d s ' ®
117. Municipal bond y i e l d s ' ®
118. Mortgage yields, residential' ©
67. Bank rates on short-term business loans' ®
• 1 0 9 , Average prime rate charged by banks' ®
L,Lg.Lg.... Percent
do...
C,Lg,Lg....
do...
Lg.LE.Lfl..
do...
C,Lg,lg.,
do.,.
U.t.g.Lg....
...do...
Lg.Lg.Lg....
...do...
Lg,Lg,lg....
do..
Lg,Lg,Lg....
Outstanding Oebt:
66. Consumer installment credit"
72. Commercial and industrial loans outstanding
• 1 0 1 , Commercial and industrial loans outstanding,
1972 d o t e
• 9 5 . Ratio, consumer M a l l credit to pets,
tome'
II.
Lg,Lg,Lg.... Bil. dol., EOP
Lg.Lg.Lg.... Bil. dol
...do..
Lg.Lg.Lg....
Lg,lj,Lg.... Percent
- 6 9 2
1 , 0 5 2
1
1 2 . 2 6
1 0 . 7 2
1 4
1 2
11
15
. 6 8
. 2 3
.66
.30
1 4 . 6 9
1 4 . 8 6
-545
,034
9 . 6 9
9.13
10 . 5 6
9.84
11 . 3 9
10.34
.25
12.94
1 4 . 1 8
13 .7 2
11
10
13
10.
9.
1 3 .
10.
1 0 .
8
5
1
6
7
11 .54
9.73
1 2 . 6 9
10 .37
14.57
12 .34
10.17
14.26
12 .23
9.99
1 4 . 2 1
12
12
1 3 . 2 9
1 2 . 9 9
13
!00
4 4 7 . 5 2
3 0 8 . 9 4
443
.24
3 0 8 . 2 1
447
311
1 1 8 . 3 9
1 1 8 . 0 9
1 1 9 . 8 1
9.09
8.62
4
1
1
4
9
13 . 3 2
11.06
11 .07
3 8 8 . 7 2
405
264
2 7 3 . 7 2
296
1 0 5 . 3 9
1 1 3 . 3 1
.94
104.13
.66
.45
.31
26
1 0 6 . 7 4
13 . 1 0
,242
12
3 4 8 . 9 4
8.24
7
13
.34
13
.68
2 8 0 . 9
215
298
0
291
303
315
323
3 1 2
2 87
284
.3
.4
.3
,7
.1
.8
.6
. 4
.3
.6
220 .6
306 .4
0 . 4
301 .4
3 0 9 . 3
3 2 0 .5
3 3 4 . 7
3 1 8 . 0
291 .6
2 8 9 . 8
1 4 8 . 3
155
.1
158.7
9 3 . 4
1 5 4 . 1
9 4
1 6 1
98
103
103
. 8
. 6
.3
.7
.4
9 4
165
98
105
105
4 3 0 . 1 3
14
.24
.12
14.53
14
.64
.49
.54
.55
- 5 , 4 1 6
6,017
-712
-775
•1 ,206
•1
,225
-
1
4
5
1
5
6
11 .30
1 0 . 4 1
13 .37
11 .97
9.99
9.97
13.02
10 . 1 0
10.25
13 . 4 3
1 . 3
0 . 4
0 . 3
0 . 3
0.1
- 0 . 5
12 Is8
— 0 13 9
13
.99
12*97
.52
.3
- 0 . 3 4
-0.08
11 .66
NA
317
.54
122.22
HA
1 4 . 5 9
1 .0
1 .0
1 .5
0.04
1,906
1,76 J
0.87
0.7 1
1 .24
1.11
0.64
1.25
1.3 9
1.24
NA
6.0
2.0
7.5
2.0
NA
8.2
0
.44
OTHER IMPORTANT ECONOMIC MEASURES
B. P r i c e s , W a g e s , a n d P r o d u c t i v i t y
B l . Price M o v e m e n t s
310.
320.
320c,
322.
330.
335.
331.
332.
333.
334.
1972=100...
1967 = 100...
Percent
1967-=100...
do
do
do
do
do
do
Implicit price deflator, GNP
Consumer price index (CPI), all items ©
Change in CPI, all items, S / A '
CPI, food
Producer price index ( P P I ) , all commodities ®
PPI, industrial commodities ©
PPI, crude materials
PPI, intermediate materials
PPI, capital equipment
PPI, finished consumer goods
B2.
Wages and
C.
441.
442.
37.
444.
445.
446.
447.
Labor
451.
452.
453.
Labor Force, Employment,
Unemployment
do
do
do
do
do
Force Participation Rates:
Males, 2 0 years and over'
Females, 2 0 years and over'
Both sexes. 16-19 years of age'...
Percent
do.,
do..
Dl.
3 1 9 . 5
3 1 0 . 4
2 7 9 . 6
222
.4
309
0
301
311
323
.7
.3
.3
.4
.2
333
320
294
290
.9
.5
.1
.4
2 2 4 . 4
313.0
3 1 5
0
3 0 4
3 0 9
323
3 2 4
320
294
2 8 9
0
1
-0
0
0
0
-0
0
.
.
.
.
3
4
9
4
.2
. 0
.5
.6
. 9
3 2 8 . 5
3 2 0 . 5
295 .9
290 .7
0
3 0 4
3 1 0
323
3 27
320
2 96
290
.5
. 1
. 9
.5
.2
.5
.2
.7
314
0
303
309
322
327
320
296
290
.5
. 4
.8
.5
.3
.0
.1
.3
.0
159.9
161
160.6
161
.7
161.6
0.7
-0.1
95
167
98
107
106
94.5
1 6 9 . 0
98.2
94
.3
94.1
0.2
-0.2
3 1 3
0
3 0 3
3 1 0
323
.
.
.
.
1
4
4
8
.3
0 . 9
0.2
9 6 . 8
1 0 0 . 9
1 0 0 . 0
. 9
.9
.2
.7
.2
.2
.4
.1
.0
.6
.0
94
0.8
0.3
0.9
-0.1
1 .2
107 .5
106.6
1.3
1 1 0 . 2 0
99.53
1 0
5
3
1
9
, 6 7 8
, 0 8 9
, 6 1 3
,977
, 0 0 6
111.55
100.83
10,717
5 ,257
3 , 6 3 2
1 , 829
9,075
78.7
5 2 . 7
5 4 . 1
78.5
5 3 . 1
53.5
1 1 2 . 6 1
103 .74
8,866
4 , 1 4 9
3 , 1 4 9
1 , 5 6 8
7 ,372
113 .64
105 .15
8,496
3 , 904
3 , 0 8 8
1,503
6 ,993
78.3
5 3 . 2
5 3 . 7
1 1 3 . 7 1
105.20
8,510
3 , 8 7 8
3 , 1 6 3
1 ,468
7 ,009
1 1 3 . 4 9
104.97
8,526
3,853
3 ,264
1 ,409
6 ,980
78.3
5 4 . 0
78.3
53 . 8
54.5
5 3 . 7
7 8.3
5 3 . 8
5 2 . 3
113.70
105.24
8,460
3,875
3,053
1 ,532
6,986
78.3
53.5
54.3
114.02
105 . 5 9
8,431
3 , 7 5 8
3 , 2 0 4
1 ,470
7 ,000
7 8.3
53
53.6
0.2
0.9
0.3
1 .4
- 4 . 2
-0.8
0.6
-5.9
-6.5
- 1 .S
- 4 . 1
- 5 . 1
8.7
0.1
0.
- 0 . 3
2.0
0.
0 . 4
- 0 . 7
0.
0.
0.8
G o v e r n m e n t Activities
Receipts and Expenditures
Federal Government surplus or deficit'
Federal Government receipts
Federal Government expenditures
State and local government surplus or deficit 1
State and local government receipts
State and loeal government expenditures
517.
525.
548.
557.
570.
564.
Defense Department obligations incurred
Defense Department prime contract awards
New orders, defense products
Output of defense and space equipment
Employment in defense products industries
National defense purchases
D2.
E.
.4
. 1
. 3
.7
.3
. 3
and
Millions
do
Thousands...
do
do
do
do
500.
501.
502.
510.
511.
512.
602.
604.
606.
612.
614.
616.
1977—100...
Total civilian labor force
Total civilian employment
Number of persons unemployed
Unemployed males, 20 years and o v e r . . . .
Unemployed females, 20 years end o v e r .
Unemployed persons, 16-19 yeais of age.
Number unemployed, M - M i r . e workers....
D.
207
2 8 9
0
285
299
3 1 2
Productivity
340. Average hourly earnings, praduction workers,
private nonfarm economy
341. Real average hourly earnings, production
workers, privpte nonfarm economy
345. Average hourly compensation, nonfarm business
345. Real average hojrly compensation, nonfarm business
370. Output per hour, private business sector
358. Output per hour, nonfarm business sector
8
Mil. dol
do..
Defense
A.r„ bil. dol..
do
do
do
do
do
- 1 4 8 . 2
616 .7
7 6 4 . 9
3 2 . 9
441 .9
4 0 9 . 0
-17 8.6
641 .1
819.7
44 .1
47 8.2
434 .1
- 1 6 1 . 3
686 .4
847 .6
5 3 . 9
5 0 9 . 6
455 .7
- 1 6 3 .
704
86 8
54.
520
466
Mil. dol
do
do
1967 — 100...
Thousands
A.r., bil. dol...
1 8 , 9 0 8
1 0 , 7 1 8
6 , 2 5 6
1 0 9 . 4
1 ,367
1 7 9 . 5
20 , 6 3 5
10,787
6 , 7 7 2
1 1 9 . 9
1 ,355
200 .5
2 2 , 4 1 9
14,380
8 , 4 7 9
129.3
1 , 3 91
213 .4
1 9 , 7 6 9
1 0 , 8 3 4
6 ,306
133 .3
1 ,420
220 .8
22
Mil. dol
do..
do,.
do,.
do..
do..
1 7
3
4
2 0
4
2
16
3
3
21
4
2
17,
3 ,
3 ,
2 6 ,
4 ,
3 ,
1 7 , 7 0 2
18,552
2
3
2 6
5
3
3
3
2 9
4
4
7
.3
.0
5
.6
.1
- 1 7 6 . 9
707 .4
884.3
45 .8
523
477
- 2 . 4
2.
.3
.5
Indicators
,092
2 3 , 0 9 8
NA 1 2 , 6 4 7
7 , 1 2 8
1 3 6 . 9
1 ,452
220 .4
7 , 5 84
136
1 ,452
22 ,1 91
na
6 ,586
1 3 8 . 0
1 ,462
NA
NA
4,725
139.0
NA
- 3 . 9
na
-13 .2
0 . 9
0.7
NA
-11.8
na
- 2 8 . 3
0 . 7
- 2 4 . 7
-25 .6
NA
3.1
2.1
3.5
U.S. International Transactions
El. Merchandise Trade
Exports, excluding military aid shipments, t o t a l . .
Exports of domestic agricultural products
Exports of nonelectrical machinery
General imports, total
Imports of petroleum and products
Imports of automobiles and parts
,
,
,
,
,
,
6
0
0
3
9
4
9
5
0
2
6
4
4
3
7
9
4
2
,722
, 0 1 1
,536
,513
, 3 83
,935
7
3
8
5
6
6
55
3 0
7 4
0 1
6 7
0 9
,997
, 8 4 4
, 4 3 1
,267
, 7 7 4
,
,
,
,
,
1
7
2
5
1
3 7
6 9
9 3
3 2
13
18,036
3 ,022
3 , 8 7 8
26,567
4 ,049
3,6
18
3
3
2 9
4
4
,
,
,
,
,
,
1
1
6
4
4
6
7
5
4
3
4
8
7
3
0
0
4
1
0.8
- 0 . 3
4 . 3
-10.0
10.8
- 0 . 3
12.9
4.6
-6.1
9.8
28.3
-0.8
Table 1. Summary of Recent Data and Current Changes for Principal Indicators—Continued
Percent change
Unit
of
Series title
A n n u a l average
4th Q
2d Q
1983
measure
3d Q
1983
4th Q
1983
1st Q
1984
2d Q
1984
-17.53
to
3d Q
1984
1st
1st Q
1984
q
to
2d Q
1984
-3.40
-4.77
II. O T H E R IMPORTANT ECONOMIC
MEASURES—Con.
E2. Goods and Services Movements Except
Transfers Under Military Grants
3.28
- 0 . 2 8
-8.23
-7
.71
-9.70
•14.13
6 6 8 . Exports of g o o d s and services
..do...
93 . 9 3
87 . 3 6
84.83
84.91
88.74
NA
6.
..do..
90 . 6 5
87 . 6 5
83.05
91.28
81 . 3 6
6 6 9 . I m p o r t s of goods and services
89 . 0 7
94.53
99 . 0 4
108.22
111.05
NA
9.3
6 2 2 . M e r c h a n d i s e t r a d e balance 3
...do...
-7
-9.12
-15.26
•14.87
-17.50
•1 9 . 4 1
-25.86
-25
618. Merchandise e x p o r t s . .
..do..
59.27
48.74
50 . 4 4
51 . 8 3
53 . 9 4
620. Merchandise i m p o r t s . .
... d o . .
66 . 2 7
50.06
65.33
19.25
13.37
63.62
67 . 9 4
71 . 2 4
79.79
18.97
20 .80
1 9 .61
23 . 3 0
20 . 6 2
13 . 0 0
13 . 6 3
14.49
15.55
16 . 9 6
6 6 7 . Balance on goods and services 3
.00
6 5 1 . Income on U.S. i n v e s t m e n t s abroad
...do..
21 . 6 0
6 5 2 . Income on f o r e i g n i n v e s t m e n t s in the U.S
..do..
13 . 0 9
20.96
14.01
90 . 6 9
-22
.30
NA
-2.2
2 . 6
0.12
.74
-33.28
54 . 6 0
54.99
4.1
1 . 2
80 . 3 3
8B.27
0.7
na
12.0
18.
-11.5
na
7.3
9.1
.2
3.5
2.6
2 .4
1.7
1.5
-6
.45
A. National Income and Product
A l . G N P and Personal Income
A.r., bil. d o l . .
2 0 0 . GNP, c u r r e n t d o l l a r s . . .
do
5 0 . GNP, 1 9 7 2 d o l l a r s
2957.8
306 9 . 3
3304.8
3267
.0
3346.6
3 4 3 1 .7
3553 .3
3644.7
3695
1512.2
1480.0
1534.7
1524.8
1550.2
1 5 7 2 .7
1610.9
163 8 . 8
1646 .5
6,370
6,510
6,602
6 , 6 81
2 1 7 . Per c a p i t a GNP, 1 9 7 2 d o l l a r s
A.r., d o l l a r s . .
6,572
213
A.r., bil. d o l . .
1500.9
1490.4
1538.3
1530.9
1549.3
1565
2367
2428.6
Final sales, 1 9 7 2 dollars
6 ,543
2 2 4 . Disposable personal i n c o m e , c u r r e n t d o l l a r s
do
2041.7
2 1 8 0 .5
2340.1
2302
225.
do
1049.3
1058.3
1 0 95 . 4
1082.0
A.r., d o l l a r s . .
4,561
4,555
A.r., bil. d o l . .
Disposable
personal
Income,
1972 dollars
2 2 7 . Per c a p i t a disposable personal i n c o m e , 1 9 7 2 d o l l a r s . .
.9
4,670
4,619
.4
1102.2
4 , 6 94
6 , 82 9
6,949
2 . 2
1579.3
1618.5
1616 .5
0.9
2502 .2
2554.3
2 6 0 6 .1
3.0
1147.6
1165.3
1176.4
4,776
4,865
4,930
.4
1124.3
6 ,933
2.5
2.1
2.1
1.5
4 , 965
1 .9
1.3
A2. Personal Consumption Expenditures
184 9 . 1
1 984 .9
2155.9
2141 .6
2181 .4
2230 .2
2332 .7
2360.8
2.1
950 .5
963 .3
1009.2
1015
.6
1032
1044.1
1064.2
1 0 6 5 .6
1.1
2.5
do
1006 . 2
2276 .5
2 3 1 . Total, 1 9 7 2 dollars
2 3 2 . D u r a b l e goods, c u r r e n t dollars
do
235
.4
245 .1
27 9 . 8
276 .1
2 84 . 1
299
310.9
320 .7
318.5
3.7
3.2
2 3 3 . D u r a b l e goods, 1 9 7 2 dollars
do
140 . 9
140 .5
157.5
156
159.6
167.2
173.7
17 8 . 6
177 .6
3.9
2.8
2 3 0 . Total, c u r r e n t dollars
.2
.4
2 3 6 . N o n d u r a b l e goods, c u r r e n t d o l l a r s . . .
do
730 .7
757 .5
801 .7
7 96 . 9
811 .7
823 .0
841 .3
85 8 . 3
861 .1
2 3 8 . N o n d u r a b l e goods. 1 9 7 2 d o l l a r s
2 3 7 . Services, c u r r e n t dollars
do
360 . 8
363 .1
376 .3
374 .9
37 8 . 5
383 .2
3 87 . 1
396 .6
395 .4
do
883 .0
982 .2
2 3 9 , Services, 1 9 7 2 dollars
do
448 . 8
45 9 . 8
475 .4
475 .1
477 .6
2 4 0 . Total, c u r r e n t dollars
..do..
484 .2
414.9
4 7 1 .6
...do..
230 .9
194.3
221 . 0
449,
2 4 1 , Total, 1 9 7 2 dollars
212
242
..do..
45 8 .1
441 .0
485
2 4 3 . T o t a l fixed i n v e s t m e n t , 1 9 7 2 dollars
..do..
219.6
..do...
26 . 0
204. 7
2 4 5 . Change in business i n v e n t o r i e s , c u r r e n t dollars 3
-26.1
..do...
11.3
-10.4
- 3 .6
1068.6
2.2
1.9
2 . 0
1 .0
2 .5
1 .5
2 . 6
1 .1
1124 .4
1153.7
1 1 8 1 .2
482 .0
4 83 . 4
488.9
4 9 2 .6
0.3
491 .9
540
.0
623 . 8
627 .0
662 .3
15 . 5
0.5
230 .6
2 4 9 .5
2 85 . 5
283 . 9
3 0 0 .6
14.4
-0.6
469
496 . 2
527
550 .0
576 .4
4.3
2 2 4 .6
218,
229.8
242 .2
253 .
9
5 93 . 8
263 .7
270.6
- 1 3 .5
-1 9
-4.3
12 .7
73 .
50.6
68.5
61 .1
-23
.2
0.9
7 .2
31 .6
20.3
30.0
24.4
-11
.3
1074.4
1 0 85 . 7
1107.5
A3. Gross Private Domestic Investment
T o t a l fixed i n v e s t m e n t , c u r r e n t d o l l a r s
30. Change in business i n v e n t o r i e s , 1 9 7 2 dollars 3
.1
.3
4.8
4.8
3.9
A4. Government Purchases
of Goods and Services
2 6 0 . Total, c u r r e n t dollars
596 .5
6 5 0 .5
6 85 . 5
6 82 . 2
689.8
691
.4
704 .4
743 .7
762 .0
1 .9
2 6 1 . Total, 1 9 7 2 d o l l a r s
2 6 2 . Federal G o v e r n m e n t , c u r r e n t d o l l a r s . . . .
2 87 . 0
292 .7
291 .9
292
.4
292 .0
288.8
289 .5
302 .1
306
0.2
228 .9
25 8 . 9
26 9 . 7
270 .5
269.2
266 .3
267 .6
.4
302 .
2 6 3 . Federal G o v e r n m e n t , 1 9 7 2 dollars
110.3
117.0
116 .2
117.2
115.6
113 .0
112.2
296
123
.2
125
2 6 6 . State and local g o v e r n m e n t s , c u r r e n t dollars
2 6 7 S t a t e a n d local g o v e r n m e n t s , 1 9 7 2 dollars
36 7 . 6
391 .5
415
411 .6
420 .6
425
436 . 8
447
.4
45 9 . 3
2.8
2.4
176.8
175.7
175.7
175.2
176.4
175.8
177.3
178.9
181
.4
0.9
0.9
28.0
43 . 8
369 .9
160.2
341 .9
116.4
19.0
29.7
348.4
147.6
329.4
-6.5
13.6
328.1
137 . 0
334 .5
123 .4
-16.4
11.9
342 .0
-29.8
- 5 1 .5
-8.3
358.9
144.9
410.4
153 .2
-58.7
-11 .4
362 .4
144.7
421 .1
156 .2
-89
- 2 6
.9
.6
- 2 1 .7
-10.3
3.7
2609.0
1962 .4
2684.4
2000 .7
123.3
56.2
245 . 0
25 9 . 2
.8
.1
.8
.4
0.5
-0.7
5 .6
4.4
10.S
9.8
A5. Foreign Trade
2 5 0 . N e t e x p o r t s of goods and services, c u r r e n t dollars 3
2 5 5 . N e t e x p o r t s of goods and services, 1 9 7 2 dollars
2 5 2 , E x p o r t s of goods and services, c u r r e n t d o l l a r s .
2 5 6 E x p o r t s of goods and services. 1 9 7 2 dollars
2 5 3 . I m p o r t s of goods and services, c u r r e n t d o l l a r s .
2 5 7 . I m p o r t s of goods and services, 1 9 7 2 dollars
118.0
-8.3
12.6
336 .2
13 9 . 5
344 .4
126 .9
141.6
358.4
129.7
2 .0
346 .1
141 .0
375 .9
139.1
369.3
147.8
45 9 . 2
174.4
2.
9.2
10 .1
-7 .2
-3.1
1 .0
-0.1
2 . 6
2 . 0
A6. National Income and Its Components
..do...
..do...
do.
..do..
..do..
..do...
2363.8
1765.4
42.3
1 89 . 9
241.0
51 .5
15 9 . 1
260.9
2 9 0 . Gross saving ( p r i v a t e and g o v e r n m e n t ! .
do...
484 .3
408.8
437
2 9 5 . Business saving
do..
37 2 . 6
3 88.0
453 .6
2 9 2 . Personal saving
do..
137
.4
136.0
118.1
do-
-26
.7
-115.3
-134.5
•123 .4
4.2
220.
280.
282.
284.
286.
288.
N a t i o n a l income
C o m p e n s a t i o n of employees
P r o p r i e t o r s ' income w i t h IVA and CCAd|
Rental i n c o m e of persons w i t h CCAdj .
C o r p o r a t e p r o f i t s w i t h IVA and C C f l t f i . .
N e t interest
125.1
2446 . 8
1 86 4 . 2
111.1
2646 .7
1 984 .9
121.7
58.3
225 .2
256 .6
116.9
59.0
216 .7
254 .2
2766
2055
131
60
.5
.4
.9
.4
2873.5
2113 .4
154.9
2944.8
2159.2
149 .
61.0
62.0
277 .4
291 .1
25 8 . 9
266
551
260 . 0
2 82 .8
2983.4
2191.9
154.5
63.0
281 .5
292 .5
3.9
2.
2.5
2.2
17 . 4
-3.3
6.7
3 .1
1 . 6
4.9
6 . 0
1 .0
A7. Saving
2 9 8 . G o v e r n m e n t surplus or deficit 3
293
Percent
Personal s a v i n g rate 3
NOTE: Series are seasonally a d j u s t e d e x c e p t for those, indicated by
m o v e m e n t . Series i n d i c a t e d by an a s t e r i s k
current dollars unless otherwise specified.
(*)
6.2
5 .0
( u ) , t h a t appear to c o n t a i n no seasonal
are i n c l u d e d in the m a j o r c o m p o s i t e indexes. Dollar values are in
For c o m p l e t e s e r i e s t i t l e s a n d s o u r c e s , see " T i t l e s a n d S o u r c e s of
S e r i e s ' ' a t the b a c k o f t h i s issue. IVA, n o t available,
seasonally a d j u s t e d
6 .7
a, a n t i c i p a t e d . EOP. e n d of p e r i o d . A . r . , a n n u a l rate.
( u s e d for special e m p h a s i s ) . IVA, i n v e n t o r y
v a l u a t i o n a d j u s t m e n t . CCAdj, c a p i t a l
S/A,
consumption
adjustment
The t h r e e p a r t t i m i n g code i n d i c a t e s t h e t i m i n g c l a s s i f i c a t i o n of t h e series at peaks, at t r o u g h s , and at all
t u r n s ' 1, leading; C. roughly c o i n c i d e n t : Lg, lagging; U. unclassified.
.2
414.7
455 .2
485 .7
543
441
.4
46 9 . 7
486 .4
498 .8
515.3
522 .4
96 . 7
119.0
128.7
152 .5
144.
164.3
-133.5
-129.3
-107.4
5 .0
5 .3
.9
6 . 1
.0
-109.2
5 .7
555 .5
-131.1
6.3
12.0
2.5
1 .3
3 .3
18.5
-5
21 . 9
- 1 .8
0 . 8
-0.4
.0
' For a few series, d a t a s h o w n here are r o u n d e d t o f e w e r digits t h a n t h o s e s h o w n e l s e w h e r e in B C D . A n n u a l
f i g u r e s published by the source agencies are used if available.
' D i f f e r e n c e s rather t h a n percent changes are s h o w n for t h i s series.
1 I n v e r t e d series. Since this series t e n d s t o m o v e c o u n t e r t o m o v e m e n t s i n general business a c t i v i t y , signs of
the changes are reversed.
3
End-of period series. The a n n u a l figures
( a n d q u a r t e r l y figures f o r m o n t h l y series) are the last f i g u r e s f o r the
period.
' T h i s series is a weighted 4 - t e r m m o v i n g average
the span
( w i t h w e i g h t s 1, 2, 2, 1) placed on the t e r m i n a l m o n t h of
9
CYCLICAL INDICATORS
COMPOSITE INDEXES AND THEIR COMPONENTS
Chart Al. Composite Indexes
Nov Qrt
P
T
iii!v M a y
P I
Aug A(.[
P I
A p ' Feb
P T
"to*
Pi
DM
Ms" Mai
F T
J a n . J u l y Jutv
P
T
P
Nov
T
[Index: 1967=1001
910.fcidexof 12 leading indicators
; (series 1,5,8,12,19,20,29,32,36,99,106, 111)
1948 49 50 51 52 53 54
55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83
841985
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 1984
IECII
CYCLICAL I N D I C A T O R S
COMPOSITE INDEXES AND THEIR COMPONENTS—Continued
Chart Al. Composite Indexes—Continued
Nov. Oct.
P
July M a y
T
P
Auc Apr.
T
P
Apr f f i j
I
P
T
P
T
P
I
P 1
p
T
1 Index: 1967=1001
914. Capital investment commitments (series 12,20,29)
-15
120 -
-10
"30
^
-13
^
110-
^
100-
^ N /
-1
-2
Sib. inventory nvestment and purchasng (series 8, sJ£, it>, as)
-24
-12
90-
~
-10
J
»
*
"
•";•»•
-3
.. 1
T
V
'V
\ J
m•
130'
146-
In
w ^
0
~21.
-11
V
"-4
940. Ratio, coincident index to lagging index
\
-12
——
\
,
110-
J ^ V
-i
/J
,
i
100-
0
-2
1948 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69
r
70
71 72 73 71 7 > 76
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.
1984
120"
90'
NOVEMBER
TT€L)
130 [Ml
-1.1
J\
-4
A.
-n
77 78
79 80 81 82 83 84 1985
| J
CYCLICAL I N D I C A T O R S
A
COMPOSITE INDEXES AND THEIR COMPONENTS—Continued
C h a r t A 2 . Leading Index C o m p o n e n t s
Nov
0-;
Jj:y V,iy
A.,, ,.;•
;
:
•
';•
,.
N',
Ms:
Jan.Juiy J U y
Nov.
1. Average workweek, production workers, manufacturing (hours)
1948 49 50 51 52 53 54 55 55 57 58 59 60 b! 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83
841985
Current data for these series are shown on pages 61, 64, 65, and 66.
12
NOVEMBER 1984
K C I I
I
CYCLICAL I N D I C A T O R S
COMPOSITE INDEXES AND THEIR COMPONENTS—Continued
Chart A2. Leading Index Components—Continued
N o v Oc
P
I
ioiy Mas
p
I
Apr
T
Apr. p e^
P
T
Dec N o v .
P
T
Nov
P
Ms!
I
jan July i d y
P T
P
Nov
T
29. New bidding permits, private housing units (index: 1967
36. Net change in inventories on hand and on order in 1972 dolars, smoothed1 (am. rate, bl. dol.)
99. Change ii sensitive materials prices, smoothed1 (percent)
U44-
19. Stock prices, 500 common stocks (index: 1941-43=10)
i l l . Change in credit outstanding—business and consumer
borrowing (am. rate, percent) f [ J J
1948 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78
'This is a weighted 4-term moving average (with weights 1,2,2,1) placed on the terminal month of the span.
Current dataior these series are shown on pages 67, 6 8 , 6 9 , 71, and 72.
IM:I» NOVEMBER
1984
79 80 81 82 83
841985
CYCLICAL I N D I C A T O R S
IA |
COMPOSITE INDEXES AND THEIR COMPONENTS—Continued
Chart A3. Coincident Index Components
Nov. Oct.
P
July M a y
T
P
Apr Feb
Aug. Apr
P T
T
P
Dec N o v
P
T
T
Nov
War
P
J a n . j u l y July
T
P T
Nov
P
T
100-
/
90-
H
41. Employees on nonagricultural payrols (mffons)
80-
|C,C,C|
70-J
51. Personal income less transfer payments in
1972 dolars (am. rate, M. dol)
fc£c
800
1948 49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
J
841985
Current data for these series are shown on pages 62, 63, and 65.
14
NOVEMBER 1984
IM:I»
CYCLICAL I N D I C A T O R S
COMPOSITE INDEXES AND THEIR COMPONENTS—Continued
Chart A4. Lagging Index Components
Nov. Oct
P
July M a y
P
T
Aug. Apr
P T
T
Dec N o v .
Apr Feb
P T
P
Jan.July July
P T
P
Nov. Mar
T
P
T
Nov
T
91. Average duration of unemployment (weeks—inerted scale)
IfUHH
10
77. Ratio, constant-dotar inventories to sales, manufacturing
"""""few
fW71
62. Labor cost per unit of output, manufacturing-actual data
as percent of trend (percent) [ X t J ^ i T I
1948 49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
841985
Current data for these terfes are shown on pages 62, 68, 70, and 73.
I I C I I NOVEMBER 1984
15
CYCLICAL INDICATORS
B
CYCLICAL INDICATORS BY ECONOMIC PROCESS
Chart Bl. Employment and Unemployment
j a r Jolv
P
I
j_<:v
Nov
P
!
I Marginal Employment Adjustments!
5. Average weekly initial claim, State unemployment insurance
(thousands—inverted scale)
)Job Vacancies]
fin Ratin hrip-wantert afaartkhy tn numhw
of persons unemployed (ratio)
059
SO
51
62
63
64
65
66
67
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
1986
Current data for these series are shown on page 61.
16
NOVEMBER 1984
licit
CYCLICAL I N D I C A T O R S
B
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
Chart Bl. Employment and Unemployment—Continued
Deo N r.
Al>!
P
lev.
Ito
1
|Comprehensive Employment!
1959
60
61
62
63
64
65
66
Current data for these series are shown on pages 61 and 62.
licit
NOVEMBER 1984
67
68
69
70
71
72
7 3
74
75
76
77
78
79
8 0
81
82
83
84
85
1986
CYCLICAL I N D I C A T O R S
| B | CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
Chart Bl. Employment and Unemployment—Continued
Apr
Feb
[!<»
Nov
Nov
Mar
P
T
P
I
P
T
Jan. July
F
T
July
Nov.
P
I
jComprehensive Unemployment!
37. Number unemployed (mions—inverted scale)
43. Unemployment rate, total (percent—inverted scale)
Z
45. Average weekly insured unemployment rate (percent—inverted scale)
91. Average duration of unemployment (weeks—inverted scale)
16
18
44. Unemployment rate, persons unemployed 15 weeks and over (percent—inverted scale)
1959
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
1986
Current data for these series are shown on page 62.
18
NOVEMBER 1984
ITCII
CYCLICAL I N D I C A T O R S
B
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
Chart B2. Production and Income
Apr. Feb
P
Dec
Nov.
P
T
T
Jan. July
P
July
T
P
80
81
Nov.
T
| Comprehensive Output and Income |
50. GNP in 1972 dobrs, Q (am. rate, bi. dol)
1959
60
61
62
63
64
65
Current data for these series are shown on page 64.
ITCII
NOVEMBER 1984
66
67
68
69
70
71
72
73
74
75
76
77
78
79
82
83
84
85
1986
i l
CYCLICAL INDICATORS
IB
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
Chart B2. Production and Income—Continued
Ap>
ri'O
LV-.
rj r. ••.
Nov
Mai
Jan July
P
I
?u!y
Nov
P
T
82. Rate of capacity utization, manufacturing (FRB), Q (percent)
_
AA
V 84. Rate of capacity utization. materials. Q (percent)
1959
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
H
/
• ..
77
78
79
80
81
82
83
84
85
1986
Current data for these series are shown on pages 63 and 64.
Digitized for20
FRASER
NOVEMBER 1984
I t C I I
CYCLICAL INDICATORS
B
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
Chart B3. Consumption, Trade, Orders, and Deliveries
Apt
Nov
Mar.
P
T
Jan. July
P
July
Nov.
T
P
T
80
81
|Orders and Deliveries!
6. New orders, durable goods industries, in
current dolars (Dl. dot.)
7. New orders, durable goods industries, h 1972 dolars
1959
60
61
62
63
64
65
Current data for these series are shown on page 64.
ITCII
NOVEMBER 1984
66
67
6 8
69
7 0
7 1
7 2
7 3
74
75
76
77
78
79
82
83
84
85
1986
CYCLICAL INDICATORS
I B I
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
Chart B3. Consumption, Trade, Orders, and Deliveries—Continued
Apt
Tet).
J*.
P
T
p
N v
i
Nov
If.)r
p
1
Jan. July
P
T
July
Nov
P
T
[Consumption and Trade|
56. Manufacturing and trade sales in current dclars
(M- dol)
[ W 3
"
Manufacturing and trade sales
" $7?
(Wt flr)
GSS
75. Industrial production, consumer goods
(index: 1967=100T
101
mi
54. Saks of retal stores in curort dolars (M. dol.)
1959
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
1986
Current data for these series are shown on page 65.
22
NOVEMBER 1984
licit
CYCLICAL INDICATORS
B
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
Chart B4. Fixed Capital Investment
Apr
Ft
Nov
Mar
P
1
P
T
Ian. July
p
July
r
p
80
81
| Formation of Business Enterprises
1959
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
82
83
'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.
ltd) NOVEMBER
1984
84
85
1986
CYCLICAL INDICATORS
_B
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
Chart B4. Fixed Capital Investment—Continued
Apr. F e b
P
Dec
Nov
Nov.
Mai
P
T
P
T
T
120110
I Business Investment Commitments—Con
100
90
80
70
60
97. Backlog of capital appropriations, manufacturing, Q
50
35
30
25
20
400 •
.160120 280740 -
200"60 -
<=00360 320 -
280 -
200-
220200 180 160 —
140-
120-
130-
1959
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
35
1986
Current data for these series are shown on pages 66 and 67.
24
NOVEMBER 1984
ITCII
CYCLICAL INDICATORS
B
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
Chart B4. Fixed Capital Investment—Continued
Dec
Nov
F
T
Nov
Mar.
P
T
Jan. July
P
T
July
Nov.
P
T
[Business Investment Expenditures—Con.
Nonresidential fixed investment in 1972 dolars, Q (aim. rate, b l dol.)
6. Total, Q
30 - 1
1959
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
1986
Current data for these series are shown on page 67.
I
NOVEMBER 1984
25
H
CYCLICAL INDICATORS
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
Chart B5. Inventories and Inventory Investment
Apr
Feb.
Ds,
Jan
F
| Inventory Investment]
Jlii/
iuiv
T
Nov
P
I
30. Change in business inventories in 1972 dolars, Q (am. rate, bi. doi.)
r*
1959
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
1986
'This it 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 1 9 8 4
BCII
CYCLICAL INDICATORS
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
IB I
Chart B5. Inventories and Inventory Investment—Continued
Apr. Feb.
P
Dec
Nov
P
T
I
Nov.
Mar
Jan. July
F
T
July
Nov
P
T
I Inventories on Hand and on Order I
71. Manufacturing and trade inventories.
book value (MUM.)
X
s
/
s
70. Manufacturing and trade inventories
ruxiiii
\
280 260 240 -
220200-
78. Stocks of materials and supples on hand and on order,
manufacturing (bi. dol.)
180160140-
120100 -
60-
1959
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
1986
Current data for these series are shown on page 68.
IM:I» NOVEMBER 1984
27
I
CYCLICAL INDICATORS
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
Chart B6. Prices, Costs, and Profits
Apr.
Feb.
P
T
bt;
Jao Jl..y
F
T
lu'i
Nc
P
1
Change in producer prices for 28 sensitive materials
(percent; MCD moving avg—6-term)
| Sensitive Commodity Prices |
TTfr
99. Change in sensitive materials prices (percent; moving
avg.—4-term1) [ L.L.L |
-
23. Spot market prices, raw industrials2 (index: 1967=100)
1 Profits and Profit Margins 1
18. Corporate profits after taxes in 1972 dolars, Q
(am. rate, bi. dd.) | L.L.L
^A.
i
i
/
y -
—;/
j
n
J
B
16. Corporate profits after taxes in current dolars, Q
(am. rate, bl. dol.)
m\
1959
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
76
77
78
79
80
81
82
83
84
85
1986
'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 19B1, 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 1984
K C I I
CYCLICAL INDICATORS
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
B I
C h a r t B 6 . P r i c e s , Costs, a n d P r o f i t s — C o n t i n u e d
Apr. Feb.
P
Cec
Nov
Nov.
Mar.
P
T
P
T
T
Jan
ioiy
inly
Nov
Corporate profits after taxes with IVA and CCAdj in
1972 dolars, Q (arm. rate, bi. dol.)
12
10
8
6
4
7
5-
26. Ratio, price to unit labor cost, nonfarm business sector, Q (index: 1977=100)
104-
liiu
2C
102-
iii
x :
9594450-
| Cash Flows]
me
400350300250-
200-
34. Net cash flow, corporate, in current dolars, Q(ann. rate, bi. dol.)
150-
35. Net cashflow,corporate, in 1972 dolars, Q
(aim. rate, bi. dol.) f [ j j |
1959
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
8 0
8 1
82
83
84
85
1986
Current data for these series are shown on pages 69 and 70.
NOVEMBER 1984
29
I
CYCLICAL INDICATORS
B
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
Chart B6. Prices, Costs, and Profits—Continued
Apr.
Feb.
Dec
Nov.
Nov.
Mar
P
T
P
I
P
T
Jan July
P
July
Nov.
T
P
T
80
81
I Unit Labor Costs and Labor Share 1
63. Unit labor cost, private business sector, Q
(hdex: 1977=100)
68. Labor cost in current dolars per nit of real pass domestic product,
nonfinancial corporations, Q (dolars)
62. Labor cost per unit of output, manufacture (index: 1967=100)
64. Compensation of employees as a percent of national income,
Q (PercenO
1959
60
61
62
63
64
65
66
67
68
RiXEill
69
70
71
72
73
74
75
76
77
78
79
82
83
84
85
1986
Current data for these series are shown on page 70.
30
NOVEMBER 1984
BEN
I
CYCLICAL INDICATORS
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
Chart B7. Money and Credit
A p r . Feb
P
Dec
P
F
| Money 1
Nov.
P
Nov
I
Mar.
T
Jan. July
P
T
July
Nov.
P
F
85. Change h money supply Ml
(percent; MCD timing avg.—6-term) |L,L,Lf"
102. Change in money supply M2
(percent; MCD moving avg.—6-term)
A
L.C.U
Vyv^mVy
./
•
V
'A
a
i
«
W
>
y
a
h
\ l _
»
>
1
, . a >
!
v
y
a
jklfv
y
!
r a i n
i
M J A
i w t f
r
1 1
r
<
is m
ry nrr
104. Change in total iquid assets (percent; moving wg.—4-term1) | L,L,L
t
fa
y
. 1
tk ^
w
105. Money supply Ml in 1972 dolars (bl. dot.)
.
-i
106. Money supply M2 in 1972 dolars (fat dot)
-
m
~
Z
M
107. Ratio, GNP to money supply Ml, Q (ratio)
Velocity of Money)
1U8. ftafio, personal ncome to money supply M2 (ratio)
j
>->
/ v
1959
60
— \
61
62
^
63
64
65
66
|C,Lg,C
^—/
67
68
69
a.
70
71
"
v
72
73
v
1
74
75
v
76
\
y
77
78
79
80
81
82
. —
83
84
dol
85
1986
'This it 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.
RCI)
NOVEMBER 1984
31
[ J
CYCLICAL INDICATORS
B
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
Chart B7. Money and Credit—Continued
Jan. July
P
I
July
Nov
P
T
• 200- '
- 1 0 -
.959
6 0
6 1
6 2
6 3
6 4
6 5
6 6
6 7
6 8
6 9
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
1986
Current data for these series are shown on pages 71 and 72.
32
NOVEMBER 1984
ItCI)
CYCLICAL INDICATORS
B
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
Chart B7. Money and Credit—Continued
Api Feb
(i
^ 14. Current iabities ol business faiures (mi. dol.irverted scale; MCD movinf avg.—6-term)
A
1959
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
HO
81
8 2
S 3
84
85
1986
Current data for these series are shown on page 72.
BCI)
NOVEMBER 1984
33
CYCLICAL INDICATORS
B
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
Chart B7. Money and Credit—Continued
pr. Feb
P
1959
60
Dec
61
62
63
64
65
66
67
68
69
Nov
P
Nov
P
T
I
70
71
72
73
Mrf
]
74
Jan. July
P
75
76
77
78
79
July
]
P
80
81
Nov
1
82
83
84
85
1986
Current data for these series are shown on pages 72 and 73.
34
NOVEMBER 1 9 8 4
IM:I»
Jan. July
P
1959
60
61
62
63
64
65
Current data for these series are shown on page 73.
B C I )
NOVEMBER 1984
66
67
68
69
70
71
72
73
74
75
76
77
78
79
July
T
P
80
81
Nov.
I
82
83
84
85
1986
B
CYCLICAL INDICATORS
DIFFUSION INDEXES AND RATES OF CHANGE
Chart CI. Diffusion Indexes
Lju.
NO.
Jan
July
P
950. Twelve leading indicator components (6-mo. span
P
Percent rising
, 1-mo. s p a n — )
100
50-
951. Four roughly coincident indicator components (6-mo. span
, 1-mo. s p a n — )
100 -
50-
952. Six lagging hdkator components (6-mo. s p a n — , 1-mo. span
1001
961. Average workweek, production workers, manufacturing—20 industries (9-mo. span
, 1-mo. span100 -
962. Initial claims, State unemployment insurance—51 areas (percent decking; 9-mo. s p a n — , 1-mo. span100-
a-l
963. Employees on private nonagricultural payrols—172-186 industries (6-mo. s p a n — , 1-mo. span100 -
%
f
A
\r v >
i
)
V*
VyJtl
9':;9
S u
6 1
i
yf^X^'^
\
\ /''V
V
1
\
'A
•w
4 f '
6 2
S3
64
6 5
6 6
6 7
6 8
6 9
70
71
Ik
/
siW
/
? \ Wi. W/
i/
,r/
'
72
A
73
74
i
it
75
76
77
78
79
80
81
82
ii
*
83
84
85
1986
Current data lor these series are shown on page 74.
36
NOVEMBER 1984
I t C I I
B
CYCLICAL INDICATORS
DIFFUSION INDEXES AND RATES OF CHANGE—Continued
Chart CI. Diffusion Indexes—Continued
Apr
! : v;
Nov.
Mar.
P
T
P
I
Jan J u l y
P
July
Nov
T
T
| Percent rising'
964. New orders, durable goods industries—34-35 industries
(9-mo. s p a n — , 1-mo. s p a n — )
100-
965. Newly approved capital appropriations, deflated—17 industries ( 4 - 0 moving a w . * - — . 1 - 0 span «-•-«)
966. Industrial production—24 industries (6-mo. s p a n — , 1-mo. s p a n — )
100-1
50-
0J
967. Spot market prices, raw industrials—13 industrial materials (9-mo. s p a n — , 1-mo. s p a n — )
100-
50-
968. Stock prices, 500 common stocks—46-82 industries (9-mo. span——, 1-mo. s p a n — )
100-
50-
960. Net profits, manufacturing—about 600 companies1 (4-Q span)
V,
V .
1959
60
•y
r*
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
®
84
85
1986
'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.
BCI)
NOVEMBER 1984
37
CYCLICAL INDICATORS*
|C
I
DIFFUSION INDEXES AND RATES OF CHANGE—Continued
Chart CI. Diffusion Indexes—Continued
Nov
Mar
P
T
Jap h , l y
P f'
July
Not
P
T
Actual
Anticipated
Percent rising
Nov
War
P
T
Jan. July
P
T
July
Nov
P
T
Actual
Anticipated
Percent rising
970. Busmss expendtures for new plant and
equipment—21 industries (1-Q span)
(a) Actual expencftures
974. Nunber of employees, manufacturing and trade ( 4 4 } span)1
70-
#n>*.
m*
Je
\V*%"7
r
•
60- .
xly
v
50-
1
40-
975. Lewi of inventories, manufacture and trade (4-Q
span)1
(a) Actual experxftures
976. Sefng prices, manufactaiing (4-Q span)1
971. New orders, manufacturing (4-Q span)1
ML
1
V"
ti/^*
\*
\/Y
VsV
m
'i
f*
XI
•
V7
100-
*
J
r
•
•• *•. i
\
«r* '
90-
I
V / ' /^V i•
r
f
•, y*
J
I
\
c .
70-
60-
972. Net profits, manufacturing and trade (4-Q
A« j
977. Seftng prices, wholesale trade (4-Q
span)1
•* A l **. if
\ '.
vF
\i7 \ /
V
\v
978. Sefcig prices, retai trade (4-Q span)1
973. Net sales, manufacturing and trade (4-Q span)1
1972
73
74
75
span)1
76
77
78
79
80
81
82
83
1984
1972
73
74
75
76
77
78
79
80
81
82
83
1984
'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 1984
ItCII
B
CYCLICAL INDICATORS
DIFFUSION INDEXES AND RATES OF CHANGE—Continued
Chart C3. Rates of Change
Api
h.
Nov
P
T
P
Wai
Jan. July
f t p
I
July
Nov
r
920c. Composite index of four roughly coincident mfcatars
+ 20.
-5-
1959
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
1986
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.
NOVEMBER 1984
39
OTHER IMPORTANT ECONOMIC MEASURES
NATIONAL INCOME AND PRODUCT
A,
Chart Al. GNP and Personal Income
Apr.
P
1959
Feb
Dec
Nov
Nov
iV;ar
P
T
P
T
I
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
j d O July
P
75
76
77
78
79
!oly
(
P
80
81
82
83
84
85
1986
Currant data for these series ara shown on pages 63 and 80.
40
NOVEMBER 1984
OTHER IMPORTANT ECONOMIC MEASURES
NATIONAL INCOME AND PRODUCT—Continued
Chart A2. Personal Consumption Expenditures
Apr. Feb.
P
Dec.
Nov
Nov.
Mar
P
T
P
T
F
Jan. July
P
I
July
Nov
P
F
Personal consunption expendftures
1959
60
61
62
63
64
65
66
Current data for these series are shown on pages 80 and 81.
BCD
NOVEMBER 1984
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
1986
OTHER IMPORTANT ECONOMIC MEASURES
NATIONAL INCOME AND PRODUCT—Continued
Chart A3. Gross Private Domestic Investment
Apr
Feb
P
I
Dei
J a r . !,J
P
p
T
Gross private domestic investment—
340-
JIL
300-
260220180-
243. Totalfixedinvestment, (j
140-
100-
30. Change in business inventories, Q
+ 40+30-
liiif
+ 20+ 10-
0-
-10- 2 0 -
1959
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
1986
Current data for these series are shown on page 81.
Digitized42
for FRASER
NOVEMBER 1984
OTHER IMPORTANT ECONOMIC MEASURES
0
NATIONAL INCOME AND PRODUCT—Continued
Chart A4. Government Purchases of Goods and Services
Apr.
Feb.
Dec.
Nov
Nov.
Mar.
P
T
P
T
P
T
Jan. July
P
T
July
Nov
P
T
Annual rate, bion dolars (current)
Government ptrchases of goods and services—
Annual rate, bBan dalars (1972)
1959
60
61
62
63
64
65
Current data for these series are shown on page 81.
B C I ) NOVEMBER 1984
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
1986
OTHER IMPORTANT ECONOMIC MEASURES
NATIONAL INCOME AND PRODUCT—Continued
Chart A5. Foreign Trade
1959
60
61
62
63
64
65
66
67
68
Dec.
Nov
P
T
69
70
71
72
73
74
75
76
77
79
Jan July
July
80
81
Nov
82
83
84
85
1986
Current data for these series are shown on page 82.
44
NOVEMBER 1984
ITCII
OTHER IMPORTANT ECONOMIC MEASURES
NATIONAL INCOME AND PRODUCT—Continued
Chart A6. National Income and Its Components
Apr.
Feb.
Dec.
Nov.
Nov.
Mar.
P
T
P
T
P
T
Jan. July
P
T
July
Nov.
P
T
Annual rate, bion (Mars (current)
1959
60
61
62
63
64
65
Current data for these series are shown on page 82.
K C I I
NOVEMBER 1984
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
1986
OTHER IMPORTANT ECONOMIC MEASURES
NATIONAL INCOME AND PRODUCT—Continued
Chart A7. Saving
Apr.
P
Feb
I
Dee
Nov
Nov
Mat.
P
T
P
F
Jan. J u l y
P
F
July
Nov.
P
F
290. Gross savng (private and government), Q
Percent
293. Personal saving rate, Q
ion
1959
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
1986
Current data for these series are shown on pages 82 and 83.
46
NOVEMBER 1984
ITCII
OTHER IMPORTANT ECONOMIC MEASURES
IA
I
NATIONAL INCOME AND PRODUCT—Continued
Chart A8. Shares of GNP and National Income
Apr.
Feb.
Der
P
P T
Nov
I
Nov.
Mar.
P
T
Jan. J u l y
P
T
July
Nov.
P
T
Percent
1 Percent of GNP]
235. Personal consumption expendferes, Q
" a /
v-'v-*/
0
6020-
268. State and local government ptrchases
of goods and services, Q
1 "K
265. Federal Government purchases of goods and services, Q
A
5-
r
^ 2 4 7 . Change in business inventories, Q
0-
251. Net exports of goods and service, Q
- 5 -
80-1
70-
1959
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
1986
Current data for these series are shown on page B3.
BCI)
NOVEMBER 1984
47
OTHER IMPORTANT ECONOMIC MEASURES
PRICES, WAGES, AND PRODUCTIVITY
B
Chart Bl. Price Movements
Nov
Mar.
P
Jan. July
P T
I
JuIv
P
Nov
T
Jan. J u l y
Nov
P
T
July
Nov
P
T
Percent change at annual rate
310c. Implicit price deflator,
GNP (1-Q span)
311c. Fixed-weighted price index, gross business product (1-4) span)
311. Fixed-weighted price index,
gross business product, Q
A
J
333c. Capital equipment
W
-
Z
^
-
'
:
V
n
334c. Finished consumer goods
1972
73
74
75
76
77
78
79
80
81
82
83
1984
1972
73
74
75
76
77
78
79
80
81
82
83
1984
Current data for these series are shown on pages 84, 85, and 86.
48
NOVEMBER 1984
IM:I>
OTHER IMPORTANT ECONOMIC WtASURES
B
PRICES, WAGES, AND PRODUCTIVITY—Continued
Chart Bl. Price Movements—Continued
p i
Nov
War
P
T
Consumer prices-
Percent change at annual rate
320c, flu items (6-month span)
.. ,
—
»—
322c. Food (6-month span) f
J*
-
/ v A ^
V
Chart B2. Wages and Productivity
'Adjusted for overtime (in manufacturing only) and interindustry employment shifts and seasonality.
Current data for these series are shown on pages 84, 67, and 88.
http://fraser.stlouisfed.org/
B C I ) NOVEMBER 1984
Federal Reserve Bank of St. Louis
^
\
a
a
""
Hoi
—
m
OTHER IMPORTANT ECONOMIC MEASURES
B
PRICES, WAGES, AND PRODUCTIVITY—Continued
Chart B2. Wages and Productivity—Continued
nr.
Fe
Dei
Wages—Con. |
Nov.
firm
Mai
P
j a n July
F
p
r
July
Nov
p
F
I Percent change]
6-month spans (am. rate)
Change in average hourly earnings of production
workers, private nonfarm AtAtfArtty1—j
ij { . {
340c. Current-dolar earnings
1-month spans2
J •
vr
)'
f r
,ii! {
rvh
y
,
•
6-month spans (am. rate)
i i",; r
"
1 i
J/U. Uutput per hour, al |tersorii,
tasiness
sec,or'
!
W l / P V W f i
Pi| f ' r^Amf
Change in average hourly compensation, al employees,
nonfarm busness sector, Q—
p™ 3 ' 6
it
"Irfir
"i
>-r
'
1
!
!
i
f
i- --•
1959
60
61
62
63
64
65
66
67
68
<
69
W
>
70
71
72
1
1
(Percent change!
J
-
m
1
Q
4
1 \r
^
' 8
11
370c. Change in output per hotr, private bushess sector, Q
>
•
73
'
74
75
76
«
U
- ^
77
78
L
t
79
80
81
82
83
84
85
1986
'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 - m o n t h changes. See page 87 for actual 1-month percent changes.
Current data for these series are shown on pages 87 and 88.
50
NOVEMBER 1984
B C I )
Mir
Jan. July
I
F
T
July
Nov
P
T
Labor force participation rates (percent)—
451. Males 20 years and over
m
453. Both sexes 16-19 years of age
448. Number "employed part-tme tor economc
reasons (mions) !
1959
60
61
62
63
64
65
Current data for these series are shown on page 89.
LTD)
NOVEMBER 1984
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
1986
OTHER IMPORTANT ECONOMIC MEASURES
D l
GOVERNMENT ACTIVITIES
Chart Dl. Receipts and Expenditures
A p r . Feb
P
Dec.
Nov
Nov.
Mar.
P
T
P
T
T
Jan. July
P
T
July
Nov.
P
T
700 - |
600 500
400
and local government receipts, Q
300-
200'
512. State aid local government expentftures, Q
510. State and local government sirpta or deficit, Q
1959
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
1986
Current data for these series are shown on page 90.
Digitized for52
FRASER
NOVEMBER 1984
IM:I»
OTHER IMPORTANT ECONOMIC MEASURES
D
GOVERNMENT ACTIVITIES—Continued
Chart D2. Defense Indicators
Apr.
Feb.
P
T
Jan. J u l y
July
Nov.
30->
262218-
14-
10-
20-<
181614-
1210-
4180160140120100-
8060121110987654-
3-
2-
1959
60
Current data
ltd)
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
1986
for these series ere shown on page 90.
NOVEMBER 1 9 8 4
53
OTHER IMPORTANT ECONOMIC MEASURES
[ D
J
GOVERNMENT ACTIVITIES—Continued
Chart D2. Defense Indicators—Continued
Apr
ii;!
rh11
,
Nov
Mot
Jan. j u i y
F
T
Ju• y
Nov
P
T
160 -
| Intermediate and Final Measures of Defense Activity]
140-
557. Output of defense and space equipment (index: 1967=100)
120100-
8026.
22.
10
160-j
140120100'
60-
24-i
20-
1959
6 0
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
1986
Current data for these series are shown on page 91.
54
NOVEMBER 1984
IICI)
OTHER IMPORTANT ECONOMIC MEASURES
Ill
D
I
GOVERNMENT ACTIVITIES—Continued
Chart D2. Defense Indicators—Continued
Api
P I
D«.
fell
I'
Yi»
Not.
I
'
Mot
P
J
Jan July
P T
July
Nov
T
P
I Intermediate and Final Measures of Defense Activity—ConTj
570. Employment h defense products industries (mXons)
1959
60
61
62
63
64
65
Current data for these series are shown on page 91.
NOVEMBER 1984
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
1986
OTHER IMPORTANT ECONOMIC MEASURES
E
I
U.S. INTERNATIONAL TRANSACTIONS—Continued
Chart El. Merchandise Trade
Apr.
Feb
Dec.
Nov.
P
T
P
T
Mar.
Nov
Jan. I n l y
T
P
P
T
Juiy
Nov
P
T
242016-
134 i
30262213- .
1410-
908.0-
7.06.0-
5.0-
3.0-
2.0-
1.00.8-
0.60.40.2-
1959
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
1985
Currant data for these series are shown on page 92.
Digitized 56
for FRASER
NOVEMBER 1984
ITCII
OTHER IMPORTANT ECONOMIC MEASURES
E
I
U.S. INTERNATIONAL TRANSACTIONS—Continued
Chart E2. Goods and Services Movements
Apr.
Feb.
P
T
J a n . July
P
July
Nov.
T
P
T
80
81
Goods and services—
1959
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
82
83
84
85
1985
Currant data for these series are shown on page 92.
57
NOVEMBER 1984
ITCII
OTHER IMPORTANT ECONOMIC MEASURES
F_
INTERNATIONAL COMPARISONS
Chart Fl. Industrial Production
Apr
Feb
Dec.
Nov
Nov
Ma i
P
T
P
T
P
I
Jan. luiy
P
T
July
Nov.
P
T
Under 1967=1001
280-
Industrial production
260240220 200180160-
-AZ
a
140120-
l£L UitCd RngdOffl
47. United States '
80/
^
728. Japan
60
725. WesUiermany
1959
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
1986
Current data for these series are shown on page 94.
58
NOVEMBER 1984
BCI)
OTHER IMPORTANT ECONOMIC MEASURES
INTERNATIONAL COMPARISONS—Continued
Chart F3. Stock Prices
Chart F2. Consumer Prices
1972
Nov.
Mar
P
T
73
74
July
Nov.
Nov
Mar
T
P
T
p
1
80
81
Jan J u l y
P
75
76
77
78
79
82
83
1984
1972
73
74
Jao. J u l y
P
75
76
77
78
79
July
T
p
80
81
Nov
T
82
83
1984
Current data for these series are shown on pages 99 and 96.
ltd)
NOVEMBER 1 9 8 4
59
CYCLICAL INDICATORS
COMPOSITE INDEXES AND THEIR COMPONENTS
Q
Year
and
month
910. Index of
12 leading indicators (series
1, 5, 8, 12, 19.
20, 29, 32, 36,
99,106, 111)
920. Index of
4 roughly
coincident indicators (series
41, 47, 51, 57)
(1967 = 100)
(1967 = 100)
930. Index of
6 lagging indicators (series
62,77,91,
95, 101, 109)
(1967 = 100)
COMPOSITE INDEXES
940. Ratio,
coincident
index to
tagging index
(1967 = 100)
Leading indicator subgroups
9 H . Capital
investment
commitments
(series 12, 20,
29)
(1967 = 100)
915. Inventory
investment
and purchasing
(series 8, 32, 36,
99)
(1967 = 100)
916. Profitability (series
19, 26, 80)
(1967 = 100)
917. Money
and financial
flows (series
104, 106, 111)
(1967 = 100)
1982
'135.1
135.7
134.7
138.4
139.9
139.2
126.1
125.3
125.1
109.8
111.7
111.3
104.2
104.2
104.0
96.7
96.5
96.6
94.5
93.2
92.6
123.3
122.1
122.2
April
May
June
136.0
136.2
135.5
138.0
138.8
137.3
125.9
125.1
124.8
109.6
111.0
110.0
104.9
104.2
102.9
96.4
97.1
97.6
93.1
93.0
92.4
123.0
122.4
122.2
July
August
September
136.2
136.1
137.5
136.4
135.2
134.5
124.3
122.3
121.4
109.7
110.5
110.8
103.9
102.9
103.4
97.8
98.1
98.3
92.6
92.4
93.9
122.5
124.5
124.2
October
November
December
138.6
139.4
140.9
132.9
132.7
132.6
120.2
118.2
116.7
110.6
112.3
113.6
104.7
105.4
107.0
98.0
97.0
96.4
95.0
95.5
96.4
122.7
122.5
122.5
January
February
March
145.2
147.4
150.2
134.3
133.5
134.6
115.7
115.8
114.4
116.1
115.3
117.7
106.3
107.0
107.2
97.7
99.2
101.3
97.6
98.6
100.5
127.2
129.1
129.8
April
May
June
152.5
154.4
157.3
135.6
137.9
139.8
113.5
111.0
109.8
119.5
124.2
127.3
107.7
109.3
110.3
101.9
102.3
102.5
102.5
104.6
105.7
129.7
129.0
131.5
July
August
September
158.2
158.9
160.0
140.7
140.8
143.3
109.7
110.3
109.7
128.3
127.7
130.6
109.4
108.9
109.3
103.1
104.4
104.7
106.5
107.0
107.9
132.4
132.0
130.2
October
November
December
162.4
162.5
163.4
145.0
145.9
147.5
109.6
110.0
110.9
132.3
132.6
133.0
110.4
rllO.l
rl09.3
105.4
105.2
106.1
108.4
108.6
108.8
131.1
132.0
rl33.9
164.5
rl67.0
rl67.4
149.5
150.6
151.0
109.6
111.4
113.0
0)136.4
135.2
133.6
110.3
10)112.1
111.0
106.1
106.9
107.6
109.2
108.4
109.3
133.5
135.3
136.7
168.2
|H>rl68.6
166.9
152.6
153.9
155.5
114.6
116.3
117.4
133.2
132.3
132.5
111.0
111.0
110.9
107.9
E)107.9
106.0
110.1
110.8
rll0.4
rl37.3
rl38.6
(H)rl38.7
July
August
September
rl63.9
164.0
165.0
155.7
rl55.8
155.8
118.8
120.0
120.9
131.1
129.8
rl28.9
rl09.5
rllO.O
rll0.2
104.7
rl03.5
rl03.7
rllO.l
0)rlll.5
(NA)
rl37.7
rl36.5
rl37.6
October
November
December
"163.8
(R)3156.6
B>4121.7
pl28.7
pl09.8
pl03.2
January
February
March
1983
1984
January
February
March
April
May
June
(NA)
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 0 ) . 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.
'Includes
"Excludes
Excludes
''Excludes
a substitute v a l u e for series 1. See "New Features and Changes for This Issue" on p a g e iii of the March 1982
series 36 and 1 1 1 , for w h i c h data are not a v a i l a b l e .
series 5 7 , for which d a t a are not a v a i l a b l e .
series 77 and 9 5 , for which data are not a v a i l a b l e .
60
issue.
NOVEMBER 1 9 8 4
K i ] | )
CYCLICAL INDICATORS
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
B
MAJOR ECONOMIC
PROCESS
EMPLOYMENT AND UNEMPLOYMENT
Minor Economic
Process
Timing Class
Year
and
month
l , L, L
L, C, L
1. Average workweek
of production workers,
manufacturing
L, C, L
21. Average weekly
overtime hours,
production workers,
manufacturing
(Hours)
L, Lg, U
5. Average weekly
initial claims, State
unemployment
insurance 1
60. Ratio, help-wanted
advertising to persons
unemployed
(Ratio)
(Thous.)
(Hours)
Comprehensive
Employment
Job Vacancies
Marginal Employment Adjustments
U, C, C
L, Lg, U
46. Index of helpwanted advertising
in newspapers
48. Employee-hours
in nonagricultural
establishments
(1967 = 100)
(Ann, rate,
bil. hours)
1982
January
February
March
37.4
39.5
39.1
2.3
2.4
2.3
563
514
566
0.336
0.316
0.288
106
103
96
164.24
168.94
168.32
April
May
June
39.0
39.1
39.1
2.4
2.3
2.3
566
585
551
0.254
0.250
0.241
88
87
85
167.52
167.63
166.55
July
August
September
39.1
39.0
38.8
2.3
2.3
2.3
533
605
653
0.227
0.213
0.193
83
78
73
165.91
165.52
165.14
October
November
December
38.9
39.0
39.1
2.3
2.3
2.3
651
616
531
0.196
0.195
0.208
76
78
83
164.36
163.50
164.61
January
February
March
39.5
39.1
39.7
2.4
2.4
2.6
507
478
479
0.214
0.215
0.216
83
83
83
165.75
164.04
165.06
April
May
June
40.1
39.9
40.1
2.9
2.7
2.9
470
453
406
0.212
0.232
0.245
81
87
92
166.67
167.07
167.47
July
August
September
40.2
40.3
40.7
3.0
3.0
3.2
380
408
387
0.281
0.272
0.282
100
97
98
168.29
168.25
170.68
October
November
December
40.6
40.6
40.6
3.3
3.3
3.4
386
381
378
0.334
0.360
0.392
111
114
121
171.12
170.69
172.73
40.9
40.9
40.7
3.5
3.5
3.5
364
0)345
348
0.406
0.436
0.421
123
129
124
174.01
175.02
174.40
0)41.1
40.6
40.6
0)3.7
3.3
3.3
360
348
350
0.418
0.437
0)0.491
124
125
134
176.89
176.31
176.99
July
August
September
40.5
HO. 5
f40.6
3.3
r3.3
3.3
365
358
368
0.481
0.447
0.454
0)138
128
129
177.06
r177.49
0)rl78.67
October
November
December
p40.5
p3.3
405
p0.480
pl36
pl78.36
1983
1984
January
February
March
April
May
June
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.
61 NOVEMBER 1984
ItCII
CYCLICAL INDICATORS
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
B
MAJOR ECONOMIC
PROCESS
EMPLOYMENT AND UNEMPLOYMENT—Continued
Minor Economic
Process
Timing Class
Year
and
month
Comprehensive Unemployment
Comprehensive Employment-Continued
U, C, C
C, c, C
L, C, U
U. Lg, U
42. Persons
engaged in nonagricultural
activities, labor
force survey
41. Employees
on nonagricultural payrolls,
establishment
survey
40. Employees
in goodsproducing industries (mining, mfg., construction)
90. Ratio,
civilian employment to total
population of
working age
(Thous.)
(Thous.)
(Thous.)
(Percent)
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. Avenue
duration of
unemployment
44. Unemployment rate,
persons unemployed 15
weeks and over
(Thous.)
(Percent)
(Percent)
(Weeks)
(Percent)
L, Lg, U
1982
January
February
March
96,301
96,419
96,374
90,402
90,409
90,301
24,691
24,667
24,524
57.46
57.48
57.38
9,393
9,693
9,910
8.6
8.9
9.0
4.1
4.1
4.3
13.4
14.1
14.0
2.2
2.5
2.7
April
May
June
96,223
96,726
96,314
90,059
90,006
89,755
24,299
24,165
23,920
57.23
57.51
57.15
10,303
10,363
10,480
9.4
9.4
9.5
4.5
4.6
4.6
14.4
14.8
16.0
2.8
2.9
3.1
July
August
September
96,086
96,183
96,046
89,412
89,208
89,103
23,716
23,528
23,376
57.01
56.99
56.84
10,896
10,910
11,267
9.9
9.9
10.2
4.6
4.7
4.9
15.4
16.1
16.6
3.3
3.4
3.5
October
November
December
95,703
95,537
95,550
88,820
88,674
88,646
23,101
22,930
22,873
56.63
56.52
56.44
11,544
11,887
11,894
10.4
10.7
10.7
5.1
5.1
4.8
17.2
17.4
18.4
3.8
4.0
4.2
January
February
March
95,734
95,757
95,930
88,827
88,728
88,945
22,959
22,827
22,832
56.48
56.45
56.48
11,523
11,516
11,419
10.4
10.4
10.3
4.5
4.5
4.4
19.4
19.1
19.2
4.2
4.2
4.1
April
May •
June
96,214
96,388
97,264
89,259
89,578
89,927
22,949
23,087
23,241
56.60
56.63
57.14
11,369
11,188
11,162
10.2
10.1
10.0
4.4
4.1
3.9
19.2
20.2
21.4
4.0
4.1
4.0
July
August
Septembef
97,726
98,035
98,568
90,274
89,918
91,018
23,414
23,532
23,669
57.35
57.45
57.62
10,600
10,633
10,353
9.5
9.5
9.2
3.7
3.5
3.3
21.3
19.9
20.2
3.9
3.6
3.5
October
November
December
98,730
99,349
99,585
91,345
91,688
92,026
23,895
24,058
24,198
57.61
57.92
58.05
9,896
9,429
9,195
8.8
8.4
8.2
3.2
3.2
3.1
20.1
20.2
19.6
3.3
3.1
3.0
January
February
March
99,918
100,496
100,859
92,391
92,846
93,058
24,383
24,577
24,595
58.06
58.41
58.49
9,026
8,801
8,772
8.0
7.8
7.8
3.0
2.9
2.9
20.5
18.8
18.8
2.9
2.6
2.5
April
May
June
101,009
101,899
102,344
93,449
93,786
94,135
24,760
24,851
24,974
58.59
59.04
08)59 . 24
8,843
8,514
0)8,130
7.8
7.5
0)7.1
2.8
2.7
2.7
18.5
2.5
18.4
18.6
2.5
2.3
July
August
September
102,050
101,744
101,923
94,350
r94,523
r94,754
25,059
E>r25,098
r25,005
58.99
58.70
58.79
8,543
8,526
8,460
7.5
7.5
7.4
2.7
0)2.6
2.7
18.1
17.3
17.1
2.4
2.3
2.3
October
November
December
(H)102,472
i>p95,195
p25,071
58.93
8,431
7.4
2.7
1)16.5
(H)2.2
1983
1984
See note on page 60.
Graphs of these series are shown on p a p s 14, IS, 17, and 18.
'Data exclude Puerto Rico, which is included in figures published b y the source agency.
62
NOVEMBER 1984
I t C I I
CYCLICAL INDICATORS
B
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
MAJOR ECONOMIC
PROCESS
PRODUCTION AND INCOME
Minor Economic
Process
Timing Class
Year
and
month
Industrial Production
Comprehensive Output and Income
c,
C, C
50. Gross national product
in 1972 dollars
52. Constant
(1972) dollars
51. Personal
income, less
transfer payments, in 1972
dollars
(Ann. rate,
bil. dol.)
(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
53. Wages and
salaries in
mining, mfg.,
and construction in 1972
dollars
(Ann. rate,
bil. dol.)
c, C, C
47. Index of
industrial
production,
total
(1967 = 100)
c, c, c
C, L, L
73. Index of
industrial
production,
durable manufactures
74. Index of
industrial
production,
nondurable
manufactures
(1967=100)
(1967=100)
c, c, c
49. Value of
goods output
in 1972 dollars
(Ann. rate,
bil. dol.)
-
1982
January
February
March
1,483.5
2,521.5
2,542.6
2,545.2
1 246.4
1 256.2
1 255.0
1,072.0
1 080.7
1 077.9
222 9
223 7
222 7
140.7
142.9
141.7
127.1
129.3
128.2
155 1
157 8
157 3
669 0
April
May
June
1,480.5
2,561.2
2,570.7
2,572.7
1 260.4
1 258.9
1 248.3
1 081.2
1 079.5
1 070.1
221 8
220 2
217 1
140:2
139.2
138.7
126.7
126.1
125.5
156 1
155 0
155 3
662 0
1,477.1
2,591.4
2,591.5
2,599.8
1 251.9
1 248.9
1 249.3
1 067.8
1 064.9
1 064.2
214.8
212 7
211.0
138.8
138.4
137.3
125.9
124.9
123.5
155 7
156 9
156 7
657 9
1,478.8
2,617.0
2,645.0
2,656.3
1 249.2
1 261.9
1 267.3
1 060.8
1 070.3
1 074.8
208 3
207 3
208.4
135.7
134.9
135.2
120.3
119.3
119.9
156 2
155 3
155 6
653 6
1,491.0
2,659.7
2,656.8
2,671.8
1 264.1
1 260.9
1 265.7
1 075.5
1 071.1
1 074.8
210 5
209 4
210.2
137.4
138.1
140.0
122.5
123.9
126.3
157 4
159 0
160.7
658 9
April
May
June
1,524.8
2,693.2
2,715.8
2,734.4
1 268.0
1 275.6
1 282.6
1 077.6
1 083.0
1 091.3
210 6
210 9
212 2
142.6
144.4
146.4
129.1
131.0
133.2
163.3
165.4
167.8
681 6
July
August
September
1,550.2
2,744.9
2,759.9
2,785.0
1 283.3
1 284.9
1 291.1
1 094.2
1 096.8
1 104.1
213 3
213 6
216.0
149.7
151.8
153.8
136.8
138.8
141.6
170 6
172 9
174 6
698
October
November
December
1,572.7
2,814.9
2,834.2
2,860.4
1 306.2
1 312.1
1 321.2
1 119.1
1 121.9
1 130.8
217 1
218 2
219 8
155.0
155.3
156.2
142.8
143.6
145.0
175 6
174 8
173 9
715 5
January
February
March
1,610.9
2,897.4
2,923.5
2,940.6
1 332.8
1 341.7
1 344.0
1 144.1
1 153.1
1 155.3
221 9
223 1
222 9
158.5
160.0
160.8
148.6
150.5
151.4
175.2
177.2
177 6
744 9
April
May
June
1,638.8
2,968.5
2,978.8
3,006.5
1 354.2
1 358.9
1 371.6
1 165.0
1 169.7
1 181.8
224 7
224 1
225 /
162.1
162.8
164.4
152.6
153.3
154.9
179 1
179.9
181 3
767 4
E>rl,646.5
r3,027.0
r3,045.4
r3,067.9
r l 373.4
r l 373.0
r l ,379.5
r l ,184.2
r l ,183.7
r l 191.1
IH)r225.8
r225.0
225 7
165.9
[H)166.1
rl65.2
rl57.2
E>rl58.1
rl57.2
(H>rl81.8
rl81 /
rl80.8
0>p3,O85.5
B ) p l ,384.9
0>pl,195.0
p224.6
P165.2
pl57.3
pl81.4
July
August
September
October
November
December
•
•
•
1983
...
February
March
.
i
1984
July
August
September
October
November
December
0>r767
5
See note on page 60.
Graphs of these series are shown on pages 14, 19, 20, and 40.
ItCII NOVEMBER 1984
63
CYCLICAL INDICATORS
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
B
MAJOR ECONOMIC
PROCESS
m
Minor Economic
Process
L, C, U
83. Rate of
capacity
utilization,
manufacturing
(BEA)
(Percent)
82. Rate of
capacity
utilization,
manufacturing
(FRB)
(Percent)
CONSUMPTION, TRADE, ORDERS, AND DELIVERIES
Orders and Deliveries
Capacity Utilization
Timing Class
Year
and
month
m
PRODUCTION AND INCOME-Continued
L, C, U
84. Rate of
capacity
utilization,
materials
(Percent)
L, I, L
L, l , l
Value of manufacturers' new
orders, durable goods industries
6. Current
dollars
(Bil. dol.)
7. Constant
(1972) dollars
(Bil. dol.)
L, L, L
8. New orders
for consumer
goods and
materials in
1972 dollars
(Bil. dol.)
L, I, L
l , Lg, I)
L, L, L
25. Change in
unfilled orders,
durable goods
industries
96. Manufacturers' unfilled
orders, durable
goods industries
32. Vendor
performance,
companies receiving slower
deliveries ®
(Bil. dol.)
(Bil. do.)
(Percent
reporting)
1982
January
February
March
72^9
73.0
76.13
77.37
78.60
33.29
33.83
34.31
29.04
29.50
30.48
-0.53
-1.34
-0.24
308,24
306.89
306.65
32
36
35
7i.*6
70^7
76.91
75.83
74.92
33.50
32.89
32.42
29.40
30.48
29.94
-1.04
-3.54
-3.64
305.61
302.08
298.44
31
30
38
71.0
69! 4
75.23
72.05
73.23
32.51
31.12
31.52
30.04
29.23
29.75
-3.24
-4.49
-3.22
295.20
290,71
287,49
37
40
40
69.0
67.1
71.55
71.54
76.61
30.76
30.68
32.79
28.25
28.42
28.70
-1.64
-1.64
2.81
285,84
284,21
287,01
44
40
38
70.7
7o!i
81.84
77.52
79.80
35.06
32.96
33.87
31.42
31.64
31.70
3.83
-0.38
0.15
290,85
290,47
290,61
41
42
50
73.6
7^5
82.86
83.29
89.46
35.16
35.19
37.64
32.02
33.56
33.86
2.74
1.28
3.87
293,36
294.63
298.50
52
52
52
7714
77! 5
87.88
88.82
91.51
36.91
37.23
38.35
34.60
35.20
35.31
2.80
2.09
2.55
301,30
303.39
305,94
52
61
60
78.9
79.6
94.78
97.99
98.44
39.72
40.95
41.09
36.09
36.60
37.49
5.60
5.68
2.09
311.53
317.21
319.30
64
59
67
80.7
81.6
99.44
102.34
0)105.18
41.50
42.52
0)43.43
©38.59
38.38
37.49
4.15
6.06
0)8.19
323.46
329.51
337.70
63
68
[H)72
81.8
82.7
98.32
102.26
99.17
40.49
42.13
r40.76
37.28
38.44
r36.64
2.62
4.31
0.13
340.32
344.63
344.76
71
70
66
0)82.6
(H>r82.9
101.70
102.02
r98.68
41.84
41.86
r40.54
37.86
37.90
r36.68
3.30
0.98
r-0.27
348.06
0)349.05
r348.78
60
54
58
P94.65
p38.97
p36.34
p-4.68
p344.10
52
72
April
May
June
' n
July
August
September
October
November
December
69
68
1983
Junuary
February
March
70
April
May . .
June
73
July
August
September
October
November
December
76
18)77
1984
January
February
March
April .
May
June .
July
August
September
(NA)
October
November
December
See note on page 60.
Graphs of Ihtse series are shown on pafes 12, 20, and 21.
64
NOVEMBER 1984
ItCII
CYCLICAL INDICATORS
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
B
MAJOR ECONOMIC
PROCESS
Minor Economic
Process
Timing Class
C, C, C
C, C, C
56. Current
dollars
(Mil. dol.)
57. Constant
(1972) dollars
(Mil. dol.)
C, L, C
75. Index of industrial production, consumer
goods
(1967=100)
C, L, U
U, L, U
Sales of retail stores
54. Current
dollars
(Mil. dol.)
FIXED CAPITAL
INVESTMENT
Formation of Business Enterprises
Consumption and Trade
Manufacturing and trade sales
Year
and
month
• 1
•ill
CONSUMPTION. TRADE, ORDERS, AND DELIVERIES—Continued
59. Constant
(1972) dollars
(Mil. dol.)
L, C, C
55. Personal
consumption
expenditures,
automobiles
L, L, L
58. Index of
consumer,
sentiment
©
(Ann. rate,
bil. dol.)
(1st Q
1966=100)
L, L, L
12. Index of
net business
formation
(1967=100)
l , L, L
13. Number of
new business
incorporations
(Number)
1982
January
February
March
341,593
347,076
346,824
151,294
154,569
154,775
139.6
141.8
141.5
86,468
88,846
87,882
43,539
44,826
44,340
71.4
71.0
66.5
62.0
113.2
115.6
113.5
43,330
47,234
46,899
April
May
June
345,177
350,022
345,717
153,447
155,152
152,840
142.1
143.6
144.8
88,268
89,794
88,048
44,557
45,145
43,870
70.4
65.5
67.5
65.7
115.2
114.7
112.1
46,876
46,995
45,936
July
August
September
345,663
341,974
342,109
152,873
152,012
151,628
145.8
144.1
143.4
89,252
89,251
90,019
44,382
44,381
44,719
73*4
65.4
65.4
69.3
112.4
112.6
110.4
44,525
46,981
45,552
October
November
December
336,574
339,344
338,065
149,396
151,182
150,684
142.2
141.3
142.0
90,511
92,747
91,861
44,785
45,937
45,566
79 . ' i
73.4
72.1
71.9
111.5
112.9
114.4
45,530
48,474
0)57,507
January
February
March
345,890
342,742
348,227
154,406
153,118
155,385
143.6
143.4
144.3
92,526
92,211
93,804
45,782
45,672
46,323
78.Q
70.4
74.6
80.8
111.4
113.3
112.7
49,999
48,296
48,032
April
May
June
351,012
360,488
368,971
155,865
159,952
163,600
147.7
150.4
152.4
95,125
97,239
98,638
46,767
47,666
48,328
88] i
89.1
93.3
92.2
112.0
114.8
116.4
48,903
50,211
50,992
July
August
September
370,181
373,283
379,229
162,835
163,471
165,070
154.8
156.3
157.3
98,832
98,277
99,537
48,258
47,847
48,366
90.2
93.9
90.9
89.9
115.2
114.4
115.8
48,601
52,828
50,445
October
November
December
382,457
386,564
395,682
166,410
168,444
171,812
156.9
156.1
157.7
100,923
101,896
102,438
48,968
49,464
49,607
96.'3
89.3
91.1
94.2
118.0
117.8
116.3
50,441
51,642
51,557
401,133
398,815
401,905
173,478
172,113
172,420
159.5
159.4
160.2
. 106,602
105,482
103,873
51,300
50,810
49,915
ioi!9
100.1
97.4
0)101.0
115.9
119.1
117.6
53,044
53,591
53,424
405,880
412,725
0)414,124
174,134
177,407
0)178,417
161.4
161.7
163.0
107,505
108,237
0)109,322
51,660
52,162
0)52,813
|H)104] 6
96.1
98.1
95.5
118.5
115.8
116.6
53,933
51,166
54,729
July
August
September
411,410
r4U,176
p408,931
rl76,515
rl76,762
pl75,320
0)rl63.8
t-162.5
161.6
107,442
rl06,602
rl07,871
51,655
r51,128
r51,613
96.6
99.1
100.9
rll5.5
rll8.2
rll9.6
(NA)
rl02.1
October
November
December
(NA)
(NA)
pl61.9
pl07,717
p51,343
96.3
|g)pll9.9
•
1983
1984
January
February
March
April
May
June
See note on page 60.
Graphs of these series are shown on pages 12, 14, 22, and 23.
ItCII NOVEMBER 1 9 8 4
65
CYCLICAL INDICATORS
B
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
MAJOR ECONOMIC
PROCESS
FIXED CAPITAL INVESTMENT—Continued
Minor Economic
Process
Business Investment Commitments
Timing Class
L, L, L
L, L, L
Contracts and orders for plant
and equipment
Year
and
month
10. Current
dollars
(Bil. 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
I, L, L
9. Construction contracts for commercial and industrial buildings 1
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 capitcl
appropriations,
1,000 manufacturing corporations
9/. Backlog of
capital appropriations, 1,000
manufacturing
corporations
(Bil. dol.)
(Bil. dol.)
1982
11.00
11.61
11.30
58.18
63.29
61.15
5.40
5.88
5.68
25.
22.45
20.13
19.62
12.07
10.16
9.64
58.93
53.71
64.87
5.47
4.99
6.03
20!02
11.63
11.06
11.96
20.33
18.62
20.28
10.13
9.30
10.21
57.80
59.78
55.95
5.37
5.55
5.20
18*44
23.23
23.70
24.47
11.71
11.58
12.58
19.93
20.01
19.84
10.29
9.99
10.60
54.65
50.69
49.55
5.08
4.71
4.60
2 l ! «
January
February
March
23.26
24.07
23.83
11.62
11.77
12.59
20.48
19.17
20.13
10.44
9.67
11.01
66.89
57.77
52.65
6.21
5.37
4.89
20.07
April
May
June
25.77
28.31
27.24
13.14
13.84
14.07
21.96
21.85
23.83
11.52
11.09
12.61
54.32
61.20
65.40
5.05
5.69
6.08
20.JI7
July
August
September
25.59
27.60
29.09
12.86
13.62
15.15
22.06
22.89
25.30
11.36
11.62
13.54
61.78
65.26
69.20
5.74
6.06
6.43
22.78
r-29.50
28.86
27.99
rl4.71
14.05
13.76
25.50
24.68
24.89
13.01
12.28
12.45
71.35
73.65
66.89
6.63
6.84
6.21
24.26
28.85
30.66
30.85
14.57
15.41
15.71
25.09
27.02
26.86
13.00
13.89
14.06
77.59
62.61
73.63
7.21
5.82
6.84
2 6 ! 82
29.55
0)34.47
31.80
14.61
H)17.09
15.97
25.88
53)28.96
28.03
13.11
(0)14.82
14.41
80.03
10)84.39
74.04
7.43
S)7.84
6.88
[Hjr37! IS
32.66
31.14
r31.92
15.41
15.45
rl5.77
27.65
26.50
r27.84
13.33
13.53
rl4.08
79.71
84.26
75.12
7.41
7.83
6.98
p28.72
p24.78
pl2.56
78.08
7.25
January
February
March
26.75
29.54
26.15
13.10
14.60
13.11
21.85
22.59
21.91
April
May
June
25.88
23.81
23.10
13.54
11.74
11.13
July
August
September
23.81
22.70
24.34
October
November
December
ia
90.20
82.88
74. i s
70.76
1983
October
November
December
•
69.60
70.58
72.57
73.50
1984
January
February
March
April
May
June
July
August
September
Octobcr
November
P29.79
pl4.63
78.65
r92.52
|H)p96.31
December
See note on page 60.
Graphs of these series are shown on pages 12, 23, and 24.
'This is a copyrighted series used by permission; it may not be reproduced without written permission from McGraw-Hill Information Systems
Company, F.W. Dodge Division.
"Converted to metric units by the Bureau of Economic Analysis.
66
NOVEMBER 1984
CYCLICAL INDICATORS
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
B
MAJOR ECONOMIC
PROCESS
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,
bil. dol.)
(Ann. rate,
bil. dol.)
(1967 = 100)
C, Lg, C
Lg, Lg, Lg
C, Lg, C
Nonresidential fixed investment in 1972 dollars
86. Total
(Ann. rate,
bil. dol.)
87. Structures
(Ann. rate,
bil. dol.)
88. Producers'
durable equipment
(Ann. rate,
bil. dol.)
L, L, L
28. New
private housing
units started,
total
(Ann. rate,
thous.)
L, L, L
29. Index of
new private
housing units
authorized by
local building
permits
(1967=100)
L, L, L
89. Residential
fixed investment, total, in
1972 dollars
(Ann. rate,
bil. dol.)
1982
January
February
March
293^46
335.85
345.85
343.90
172.2
171.6
169.0
175.2
55^4
119^8
853
880
920
64.1
65.3
72.0
36^2
April
May
June
288.04
329.13
335.67
329.55
164.9
159.9
156.7
166! 9
53! 7
113! 2
935
1,020
913
71.7
77.0
73.7
37! 6
July
August
September
279161
326.30
316.14
318.53
154.9
153.9
150.5
163! 9
52^4
ni! 5
1,173
1,026
1,148
84.3
74.8
84.2
36! 8
October
November
December
269.80
310.36
309.83
307.12
147.1
146.4
148.1
161.5
51^9
109.7
1,156
1,355
1,296
92.8
99.3
109.1
40! 8
January
February
March
26l!7i
307.65
298.73
310.69
146.6
142.7
143.7
16 i ] 6
49^6
112! 5
1,632
1,706
1,592
115.6
117.6
120.5
46] 2
April
May
June
26l!16
308.89
302.96
327.25
146.9
147.7
150.2
I65! 3
48! i
117
1,549
1,779
1,743
125.7
134.1
142.5
53! 4
July
August
September
27O!O5
319.56
320.14
331.57
153.3
156.6
158.7
172.6
48.3
124.3
1,793
1,873
1,679
141.5
135.0
124.4
57! 2
October
November
December
283.96
325.11
339.42
354.91
161.3
164.1
167.3
184! 5
5K4
133.1
1,672
1,730
1,694
133.3
133.2
129.4
57!8
293!is
343.03
345.94
362.47
170.7
171.9
172.1
193! 3
54! i
139! 2
1,980
0)2,262
1,662
145.3
0)153.6
139.5
60! 6
(H)302170
358.57
375.62
385.72
173.5
176.5
181.1
202.9
56.8
146.0
2,015
1,794
1,877
142.0
141.0
142.8
0)60.8
July
August
September
a316.22
r372.15
r377.20
|H)p401.07
rl85.5
rl87.8
rl88.0
0)r21O.5
0)r57.8
[H)rl52.7
1,754
rl,554
rl,679
126.4
121.6
116.3
r60.1
October
November
December
(NA)
a318.33
[H)pl88.5
p l , 515
114.5
1983
1984
January
February
March
April
May
June
See note on page 60.
Graphs of these series are shown on pages 13, 24, and 25.
I t C I I NOVEMBER 1 9 8 4
67
CYCLICAL INDICATORS
B
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
MAJOR ECONOMIC
PROCESS
Q
Minor Economic
Process
Timing Class
Year
and
month
INVENTORIES AND INVENTORY INVESTMENT
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.
(Ann. rate,
bil. dol.)
Monthly
data
Smoothed
data'
(Ann. rate,
bil. dol.)
(Ann. rate,
bil. dol.)
(Ann. rate,
bil. dol.)
(Bil. dol.)
Lg. Lg, Lg
Lg. Lg, Lg
Manufacturing and trade
inventories
71. Book
value
(Bil. dol.)
70. Constant
(1972) dollars
(Bil. dol.)
Lg, Lg, Lg
Lg, Lg, Lg
L, Lg, Lg
65. Manufacturers' Inventories of
finished
goods, book
value
77. Ratio,
constantdollar inventories to
sales, mfg.
and trade
78. Stocks of
materials and
supplies on
hand and on
order, mfg.
(Bil. dol.)
(Ratio)
(Bil. dol.)
1982
January .
February
March
-5.7
-26.80
-23.28
-5.68
-10.17
-17.89
-20.44
-28.7
-18.7
-3.0
-2.27
-2.71
-1.89
521.24
519.67
519.42
268.00
267.06
266.85
89.30
90.07
90.03
1.77
1.73
1.72
214.45
211.74
209.85
April
May
June
-i'.o
-9.73
-31.19
-5.84
-15.74
-14.22
-15.56
23.7
-52.7
13.8
-1.82
-2.08
-3.67
521.40
517.01
518.16
267.45
265.30
265.53
89.42
88.58
87.71
1.74
1.71
1.74
208.03
205.95
202.28
July
August
September
-6.4
-4.46
-24.55
-9.04
-14.71
-12.72
-12.15
2.8
-23.6
-18.3
-2.16
-2.35
-2.20
518.39
516.42
514.90
265.85
264.88
264.38
88.14
88.03
87.49
1.74
1.74
1.74
200.11
197.76
195.56
October
November
December
-24.'6
-19.56
-36.52
-19.96
-15.20
-19.71
-23.53
-19.2
-66.8
-26.2
-1.72
-1.81
-0.92
513.30
507.73
505.55
263.25
260.61
259.40
87.18
85.98
85.02
1.76
1.72
1.72
193.85
192.04
191.12
-16! 5
-13.50
3.06
-15.16
-24.34
-16.73
-9.33
-40.0
10.0
-44.1
0.08
0.97
0.69
502.21
503.04
499.37
257.82
257.60
256.06
83.84
83.63
82.34
1.67
1.68
1.65
191.19
192.16
192.85
-6!i
2.08
12.73
-2.32
-5.94
-1.73
2.02
10.7
9.3
-5.0
0.13
1.16
1.58
500.26
501.04
500.62
255.89
256.22
255.65
82.08
82.10
81.88
1.64
1.60
1.56
192.98
194.13
195.72
July
August
September
0.9
16.86
16.97
13.01
6.63
9.80
13.06
9.2
34.9
32.4
1.64
0)2.92
1.64
501.38
504.28
506.98
255.86
256.31
256.78
82.23
82.14
81.72
1.57
1.57
1.56
197.36
200.27
201.91
October
November
December
7.2
18.91
18.14
15.34
15.96
16.49
17.08
26.2
27.4
34.6
2.47
1.77
2.44
509.17
511.45
514.34
257.29
258.06
259.02
81.54
81.72
80.87
1.55
1.53
1.51
204.38
206.15
208.59
|H>3l!6
28.30
H>46.84
25.49
19.03
25.38
31.85
44.7
0)109.8
66.6
2.86
2.71
2.42
518.06
527.22
532.77
260.17
263.23
265.12
80.77
81.87
82.87
1.50
1.53
1.54
211.45
214.16
216.59
20! 3
38.32
34.76
r-11.39
0)35.21
34.87
r26.71
99.5
58.2
11.1
2.28
2.55
-0.98
541.06
545.91
546.83
267.98
270.03
270.03
84.06
85.30
86.54
1.54
1.52
1.51
218.87
221.42
220.44
r30.0
r27.48
rl8.61
P18.26
54.4
r61.8
p39.3
2.40
r-0.51
p0.46
551.37
r556.52
0)p559.79
r272.12
r274.32
0>p275.92
87.26
r88.52
0)89.17
1.54
1.55
|H)pl.57
[H) 2 2 2 . 8 5
r222.33
P222.79
(NA)
(NA)
(NA)
(NA)
(NA)
(NA)
(NA)
1983
January
February
March
April
May
June
1984
January
February
March ,
April
May
June
July
August
September
October
November
December
(NA)
rl8.76
rl4.26
pl6.51.
(NA)
See note on page 60.
Graphs of these series are shown on pages 13, 15, 26, and 27.
'This series is a weighted 4-term moving average (with weights 1,2,2,1) placed on the terminal month of the span.
68
NOVEMBER 1984 ItCII
CYCLICAL INDICATORS
B CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
MAJOR ECONOMIC
PROCESS
Minor Economic
Process
Timing Class
Stock
Prices
Sensitive Commodity Prices
L, L, L
Year
and
month
PRICES, COSTS, AND PROFITS
Q
98. Change in
producer prices
for 28 sensitive
materials
(Percent)
U, L, L
L, L, L
L, L, L
23. Index of
spot market
99. Change in sensitive materials
prices
industrials 1
©
Monthly
data
(1967=100)
Smoothed
data 2
(Percent)
(Percent)
19. Index of
stock prices,
500 common
stocks
©
(1941-43 = 10)
Profits and Profit Margins
L, L, I
L, L, L
Corporate profits after taxes
16. Current
dollars
18. Constant
(1972) dollars
L, C, L
L, C, L
Corporate profits after taxes
with IVA and CCAdj 3
79. Current
dollars
80. Constant
(1972) dollars
(Ann. rate,
bil. dol.)
(Ann. rate,
bil. dol.)
(Ann. rate,
bil. dol.)
(Ann. rate,
bil. dol.)
I, l, L
22. Ratio,
profits (after
taxes) to total
corporate
domestic
income
(Percent)
1982
January
February
March
-0.21
-1.61
-0.62
263.4
261.0
254.5
-0.22
-1.10
-1.06
-1.06
-0.82
-0.76
117.28
114.50
110.84
104! 7
5K2
97.0
47! 6
5! 7
April
May
June
-0.62
-0.22
-0.63
247.4
245.5
232.2
-1.16
-0.32
-1.96
-0.95
-0.98
-1.00
116.31
116.35
109.70
106! 9
5l!7
98! 8
47!8
5.7
July
August
September
0.11
-1.48
0.26
237.0
236.2
239.0
0.65
-0.88
0.51
-0.84
-0.64
-0.32
109.38
109.65
122.43
107 ! o
51! 5
ioi!i
48! 7
5.7
October
November
December
-0.15
-0.26
0.90
235.5
230.4
227.4
-0.51
-0.79
0.09
-0.10
-0.28
-0.33
132.66
138.10
139.37
100! 8
48*1
96.6
46! i
5! 3
1.68
[0)2.75
2.00
232.1
241.3
248.8
1.50
0)2.58
1.93
-0.07
0.83
1.70
144.27
146.80
151.88
102! 6
48! 9
120 ! o
57! 3
5!3
April
May
June
-0.18
1.76
2.55
253.2
251.5
250.5
0.44
0.70
1.22
0)1.83
1.34
0.91
157.71
164.10
166.39
123!4 .
58! 9
141! 9
67.9
6!3
July
August
September
0.37
1.14
-0.20
256.0
265.2
267.9
0.86
1.62
0.21
0.86
1.08
1.06
166.96
162.42
167.16
142! 6
67! 9
160! 2
76.5
K i
October
November
December
0.96
1.12
0.81
273.4
279.8
282.4
1.09
1.29
0.70
0.94
0.92
0.94
0)167.65
165.23
164.36
141 ! i
66! 4
175! 5
83.0
6.9
-0.94
1.17
0.74
283.6
283.6
289.2
-0.37
0.61
0.93
0.78
0.43
0.35
166.39
157.25
157.44
0)150.6
0)71!o
184 '.7
87.5
7-.i
April
May
June
-0.54
-0.55
r-0.58
288.6
0)289.5
286.2
-0.32
-0.20
-0.65
0.40
0.27
-0.13
157.60
156.55
153.12
150.2
70.3
195.2
92.1
0)7." i
July
August
September
r-2.21
-1.40
0.88
280.1
275.6
274.0
-1.79
-1.20
0.29
-0.64
-1.05
-1.06
151.08
164.42
166.11
pl39.3
p64.5
H)pl97'.i
0)p92.3
p6.5
October
November
December
-0.84
266.4
"268.4
-1.25
-0.81
1983
January
February
March
1984
January
February
March
....'...
1
164.82
166.56
See note on page 60.
Graphs of these series are shown on pages 13, 28, and 29.
1
T h i s is a c o p y r i g h t e d s e r i e s 3 u s e d b y p e r m i s s i o n ; it m a y n o t b e r e p r o d u c e d w i t h o u t w r i t t e n p e r m i s s i o n from C o m m o d i t y R e s e a r c h B u r e a u , I n c .
2
S e e footnote 1 on page 68.
I V A , inventory valuation adjustment; CCAdj, capital consumption adjustment.
''Average f o r N o v e m b e r 1 - 2 1 .
' A v e r a g e for N o v e m b e r 7 , 1 4 , and 2 1 .
I t C I I NOVEMBER 1984
69
CYCLICAL INDICATORS
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
B
MAJOR ECONOMIC
PROCESS
PRICES, COSTS, AND PROFITS-Continued
Minor Economic
Process
Timing Class
Year
and
month
U, L, L
L, L, L
81. Ratio,
profits (after
taxes) with IVA
and CCAdj to
corp. domestic
income 1
15. Profits (after
taxes) per dollar
of sales, all
manufacturing
corporations
(Percent)
(Cents)
Unit Labor Costs and Labor Share
Cash Flows
Profits and Profit Margins-Continued
L, L, L
L, L, L
L, L, L
26. Ratio, price
Net cash flow, corporate
to unit labor
cost, nonfarm
35. Constant
business sector 34. Current
(1972) dollars
dollars
(1977 = 100)
(Ann. rate,
bil. dol.)
(Ann. rate,
bil. dol.)
Lg, Lg, Lg
Lg, Lg, Lg
63. Index of
68. Labor cost
unit labor cost, per unit of real
private business gross domestic
sector
product, nonfinancial
corporations
(1977 = 100)
(Dollars)
Lg, Lg, Lg
Lg, Lg, Lg
62. Index of labor cost per
unit of output, manufacturing
Actual data
as a percent
of trend
Actual data
(1967 - 1 0 0 )
64. Compensation of employees as a percent
of national
income
(Percent)
(Percent)
1982
January
February
March
5.'i
319
9^8
249.4
118! 4
150.0
1.372
225.8
223.3
223.5
104.9
103.2
102.6
75.7
April
May
June
k'.Z
3^6
96.4
259-0
121*.'6'
153.4
1.395
226.5
228.2
228.5
103.4
103.5
103.0
76.0
July
August
September
5.3
3.5
9610
266.6
124.3
155.3
1.404
226.9
226.2
226.4
1C1.7
ICO. 8
100.3
76.5
October
November
December
§!o
z.'&
95.6
2 6 6 '.7
123^4
155.9
1.4i9
227.9
229.0
229.1
100.3
100.2
99.6
76.'5
January
February
March
6.5
3.3
96.4
Z8Q.0
130.9
156.8
1 - 42 i
227.4
225.6
223.9
98.3
96.9
95.6
7 6 .'6
April
May :
June
7.5
4.'o
9^9
310.5
146.2
155.4
1.408
221.9
220.4
219.0
94.2
93.0
91.9
75 . 2
July
August
September
s Ii
4.2
98.7
3 3 9 .'6
159.2
155." i
1.400
216.4
214.7
214.4
90.2
89.0
1)8.3
74 .'5
October
November
December
8! 9
4.5
98.8
345^6
160.9
156.8
1.408
215.0
217.1
219.2
88.0
88.4
88.7
74." 3
January
February
March
91 i
4." 9
98.7
36IL4
16715
0)157.7
1.415
218.4
218.5
218.7
87.8
87.3
36.9
7315
April
May
June
9.6
|H>P4.9
[0)99.8
0)366.7
©169.3
156.5
1.414
218.9
218.1
217.0
86.4
135.6
34.7
73.3
E>P9-7
(NA)
p99^7
P364.4
pl67.1
pl57.6
0)p1.432
r215.7
216.3
r217.0
33.6
83.4
83.1
p73.5
P217.3
p82.8
1983
'
1984
July
August
September
October
November
December
See note on page 60.
Graphs of these series are shown on paces 15, 29, and 30.
'IVA, inventory valuation adjustment; CCAdj, capital consumption adjustment.
70
NOVEMBER 1984
ItCII
CYCLICAL INDICATORS
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
B
MAJOR ECONOMIC
PROCESS
MONEY AND CREDIT
Minor Economic
Process
Timing Class
Year
and
month
(_, L, L
85. Change in
money supply
Ml
(Percent)
1982
L. C, U
102. Change
in money
supply M2
(Percent)
('}
n
l , L, L
i, L, L
104. Change in total liquid assets
Smoothed
data"
Monthly
data
(Percent)
(Percent)
105. Money
supply M l
in 1972
dollars
(Bil, dol.)
C)
n
n
Credit Flows
Velocity of Money
Money
L, 1, L
106. Money
supply M2
in 1972
dollars
(Bil. dol.)
(']
C, C, C
107. Ratio,
gross national
product to
money supply
Ml
C, Lg, C
L, L, L
108. Ratio,
personal income
to money supply
M2
33. Net change
in mortgage debt
held by financial
institutions and
life insurance
companies
(Ann. rate,
bil. dol.)
(Ratio)
(Ratio)
Revised"
January
February
March
1.90
-0.49
-0.04
0.98
0.21
0.50
1.07
r0.75
r0.82
0.92
0.89
0.87
199.3
197.8
198.0
803.0
802.7
807.8
6.742
1.390
1.398
1.393
36.72
18.02
4.75
April
May
June
r0.45
0.38
0.18
r0.68
0.80
0.63
0.89
0.88
0.98
rO.85
0.84
0.89
198.2
rl97.1
195.3
810.4
809.2
805.7
6.783
1.392
1.386
1.379
10.64
4.73
-7.61
July
August
September
0.18
1.02
1.27
0.66
rl.02
r0.87
0.93
0.81
r0.83
0.92
0.92
0.88
rl94.7
196.1
198.5
806.8
812.8
819.6
6.722
1.380
1.366
1.358
-5.03
-5.84
-13.14
October
November
December
1.45
rl.30
0.86
rO .78
r0.87
1.01
0.98
0.45
0.56
0.87
r0.81
0.71
200.6
203.2
205.6
822.9
830.1
r841.1
6.537
1.357
1.359
1.352
-50.09
-7.82
-46.81
0.96
1.24
rl.10
0>r2.65
1.81
r0.66
|H>rl.33
r0.82
r0.71
0.72
r0.84
0.93
207.0
209.7
211.8
860.7
876.9
882.0
6.465
1.318
1.293
1.292
45.85
34.37
-40.55
r0.28
[H}rl.77
0.85
r0.69
0.98
0.70
0.96
0.78
0.99
0.89
0.82
0.86
211.0
r213.8
215.1
882.2
886.9
r891.4
6.467
1.294
1.292
1.292
3.82
-32.22
31.43
July
August
September
0.78
0.49
0.29
0.45
0.41
0.59
0.88
0.50
r0.75
0.90
0.84
0.75
216.0
r216.3
216.1
892.1
892.4
r894.5
6.471
1.291
1.293
1.297
65.16
71.27
5.84
October
November
December
0.52
0.27
0.44
0.90
0.69
0.65
0.52
0.99
1.00
0.65
0.67
r0.80
r216.4
r216.2
216.6
898.9
901.8
905.5
6.557
1.299
1.299
1.302
62.30
75.52
110.15
January
February
March
0.89
0.55
r0.43
0.48
0.72
0.33
0.71
0.94
rl.30
0.87
0.89
0.93
217.2
217.6
r218.1
904.2
907.4
r908.4
6.669
1.313
1.315
1.319
82.34
81.96
110.14
April
May
June
0.04
1.06
r0.94
r0.58
0.70
0.60
r0.79
0.94
1.23
rl.00
rl.01
rl.00
217.1
r219.0
0)220.7
r909.5
r914.1
r918.1
6.737
1.324
1.319
1.323
133.85
0)142.00
115.33
July
August
September
r-0.09
r0.16
r0.40
r0.43
r0.40
r0.64
r l .06
(NA)
(H>rl.03
(NA)
r219.9
r219.3
219.4
r919.4
r918.9
r921.5
|H) 6 . 7 5 4
1.327
rl.329
rl.331
118.36
91.18
p89.33
October
November
December
p-0.62
3-0.13
p0.50
p217.3
0>p922.9
0}pl.332
(NA)
1983
January
February
March
April
May
June
1984
See note on page 60.
Graphs of these series are shown on pages 13, 31, and 32.
'This series is a weighted 4-term moving average (with weights 1,2,2,1) placed on the terminal month of the span.
See "New Features and Changes for This Issue," page iii.
Average for weeljs ended November 5 and 12.
2
3
ItCII NOVEMBER 1984
71
CYCLICAL INDICATORS
B
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
MAJOR ECONOMIC
PROCESS
MONEY AND CREDIT—Continued
Minor Economic
Process
Timing Class
Year
and
month
L, L, L
112. Net change
in business
loans
(Ann. rate,
bil. dol.)
L, L, L
L, L, L
113. Net
change in
consumer installment
credit
(Ann. rate,
bil. dol.)
111. Change
in credit outstanding—
business and
consumer
borrowing
(Ann. rate,
percent)
Bank Reserves
Credit Difficulties
Credit Flows-Continued
L, L, L
110. Total
private
borrowing
(Ann. rate,
mil. dol.)
L, L, L
14. Current
liabilities
of business
failures ®
(Mil. dol.)
L, L, L
L, U, U
Interest Rates
L, Lg, U
93. Free
reserves ©
94. Member
bank borrowing from the
Federal
Reserve ®
(Percent)•
(Mil. dol.)
(Mil. dol.)
39. Delinquency
rate, 30 days
and over, consumer installment loans
L, Lg, Lg
C, Lg, Lg
119. Federal
funds rate ©
114. Treasury
bill rate ©
(Percent)
(Percent)
1982
January
February
March
77.99
61.63
24.17
5.00
2.00
7.60
10.7
8.2
3.0
246,632
645.14
913.46
836.01
2.48
2.39
2.24
-1,101
-1,414
-1,254
1,526
1,713
1,611
13.22
14.78
14.68
12.41
13.78
12.49
April
May
June
64.98
44.36
29.44
19.48
22.13
24.28
6.8
4.8
3.0
295,528
1,309.33
2,850.45
1,020.25
2.20
2.21
2.16
-1,307
-745
-895
1,581
1,105
1,205
14.94
14.45
14.15
12.82
12.15
12.11
July
August
September
3.13
2.54
14.87
10.07
3.07
15.07
-2.2
-0.2
0.8
268,224
1,425.60
2,759.58
1,024.66
2.19
2.21
2.19
-378
-199
-592
669
510
976
12.59
10.12
:.o.3i
11.91
9.01
8.20
October
November
December
11.80
-64.49
-62.64
-1.57
24.18
29.02
-3.1
-5.3
-4.1
275,268
1,299.04
733.27
794.00
2.24
2.23
2.18
-51
-177
-197
455
579
697
9.71
9.20
8.95
7.75
8.04
8.01
38.41
-4.84
11.70
31.14
0.26
35.24
8.1
0.8
-0.4
(NA)
263,148
2.24
2.23
2.22
46
-122
-415
500
557
852
8.68
8.51
8.77
7.81
8.13
8.30
-36.02
-47.33
4.38
24.49
27.26
46.33
-0.6
-4.7
5.3
389,164
2.07
2.00
1.92
-517
-453
-1,234
993
902
1,714
8.80
8.63
8.98
8.25
8.19
8.82
July
August
September
-2.59
8.72
-5.54
44.47
49.12
30.64
8.0
8.8
1.0
384,480
1.95
1.90
1.88
-875
-1,127
-943
1,382
1,573
1,441
9.37
9.56
9.45
9.12
9.39
9.05
October
November
December
5.59
20.02
51.36
61.12
57.83
69.38
8.5
10.7
13.3
0)527,176
1.91
1.86
1.94
-332
-383
-184
837
912
745
9.48
9.34
9.47
8.71
8.71
8.96
-17.78
55.30
0)119.22
53.63
79.30
70.44
8.1
15.3
20.7
393,476
1.84
0)1.78
1.85
-102
375
-243
715
567
952
9.56
9.59
9.91
8.93
9.03
9.44
90.92
69.83
104.38
76.90
0)122.80
93.90
19.8
0)23.9
22.1
p482,280
2.06
1.96
2.02
-744
-2,411
-2,533
1,234
2,988
3,300
10.29
10.32
11.06
9.69
9.90
9.94
July
August
September
39.17
11.57
38.03
85.27
71.98
51.40
14.1
10.1
rl2.3
(NA)
1.96
1.93
2.10
-5,317
0>-7,334
r-6,622
5,924
0)8,017
7,242
11.23
[W>11.64
=
11.30
10.13
[H)1Q.49
" 10.41
October
November
December
P73.92
(NA)
(NA)
(NA)
p-5,416
p6,017
9.99
'9.63
1983
January
February
March
April
May
June
1984
January
February
March
April
May
June
2
9.97
8.88
See note on page 60.
Graphs of these series are shown on pages 13, 32, 33, and 34.
'Average for weeks ended November 7, 14, and 21.
"Average for weeks ended November 1, 8, 15, and 22.
72
NOVEMBER 1984
ItCII
CYCLICAL INDICATORS
B
CYCLICAL INDICATORS BY ECONOMIC PROCESS—Continued
MAJOR ECONOMIC
PROCESS
MONEY AND CREDIT—Continued
Minor Economic
Process
Timing Class
Interest Rates-Continued
Lg, Lg, Lg
C, Lg, Lg
116. Corporate 115. Treasury
bond yields (u) bond yields ®
U, Lg, Lg
Lg, Lg, Lg
Lg, Lg, Lg
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)
Outstanding Debt
(Percent)
Lg, Lg, Lg
109. Average
prime rate
charged by
banks ©
(Percent)
Lg, Lg, Lg
Lg. Lg, Lg
66. Consumer
installment
credit
Lg, Lg, Lg
Commercial and industrial
loans outstanding
72. Current
dollars
(Mil. dol.)
(Mil. dol.)
Lg, Lg, Lg
101. Constant
(1972) dollars
95. Ratio,
consumer installment credit
to personal
income
(Mil. dol.)
(Percent)
1982
January
February
March
16.34
16.35
15.72
13.73
13.63
12.98
13.28
12.97
12.82
17.38
17.10
16.41
17.i3
15.75
16.56
16.50
332,197
333,227
333,574
254,352
259,488
261,502
101,538
103,505
104,517
13.17
13.11
13.11
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
i7!ii
16.50
16.50
16.50
335,225
336,804
338,475
266,917
270,614
273,067
106,681
107,943
108,662
13.09
13.10
13.16
July
August
September
15.75
14.64
13.78
12.97
12.15
11.48
12.28
11.23
10.66
16.29
14.61
14.03
13^27
16.26
14.39
13.50
338,994
339,306
340,415
273,328
273,540
274,779
108,377
108,505
109,343
13.08
13.09
13.09
October
November
December
12.63
11.89
12.15
10.51
10.18
10.33
9.69
10.06
9.96
12.99
12.82
12.80
1K26
12.52
11.85
11.50
341,293
342,852
348,944
275,762
270,388
265,168
109,560
107,254
105,017
13.04
12.96
13.14
January
February
March
12.04
12.11
11.81
10.37
10.60
10.34
9.50
9.58
9.20
12.87
12.65
12.68
10.20
11.16
10.98
10.50
351,539
351,561
354,498
268,369
267,966
268,941
106,580
106,083
106,553
13.22
13.23
13.27
April
May
June
11.58
11.24
11.90
10.19
10.21
10.64
9.05
9.11
9.52
12.50
12.41
12.96
10.31
10.50
10.50
10.50
356,539
358,811
362,672
265,939
261,995
262,360
105,364
103,514
103,332
13.24
13.21
13.26
July
August
September
12.46
12.89
12.68
11.10
11.42
11.26
9.53
9.72
9.58
14.23
13.78
13.55
ll!09
10.50
10.89
11.00
366,378
370,471
373,024
262,144
262,871
262,409
102,963
102,764
102,383
13.35
13.42
13.39
October
November
December
12.54
12.86
12.87
11.21
11.32
11.44
9.66
9.75
9.89
13.23
13.23
13.25
10.95
11.00
11.00
11.00
378,117
382,936
388,718
262,875
264,543
268,823
102,326
103,136
104,600
13.43
13.51
13.59
12.65
12.80
13.36
11.29
11.44
11.90
9.63
9.64
9.93
13.08
13.20
13.68
ll!o6
11.00
11.00
11.21
393,187
399,795
405,665
267,341
271,949
281,884
103,380
104,838
107,960
13.57
13.68
13.80
13.64
14.41
0)14.49
12.17
12.89
0)13.00
9.96
10.49
0)10.67
13.80
0)15.01
14.91
12^45
11.93
12.39
12.60
412,073
422,306
430,131
289,461
295,280
303,978
110,735
112,918
rll6,288
13.88
14.18
14.31
14.25
13.54
13.37
12.82
12.23
11.97
10.42
9.99
10.10
14.58
14.21
13.99
0)13^29
13.00
0)13.00
•
12.97
437,237
443,235
0)447,518
307,242
308,206
311,375
117,268
118,087
119,806
rl4.44
rl4.55
0>pl4.59
13.02
'12.44
11.66
'11.31
10.25
10.20
13.43
12.58
11.84
(NA)
0)p317,535
0)pl22,223
(NA)
1983
/
1984
January
February
March
April
May
June
July
August
September
October
November
December
!
a
3
See note on page 60.
Graphs of these series are shown on pages 15, 34, and 35.
"Average for weeks ended November 2 , 9 , 16, and 23.
Average for weeks ended November 1, 8, and 15.
'Average for November 1 through 23.
2
I t C I I NOVEMBER 1984
73
CYCLICAL INDICATORS
DIFFUSION INDEXES AND RATES OF CHANGE
Q
Year
and
month
950. Twelve leading
indicator components
(series 1, 5, 8, 12, 19.
20, 29, 32, 36, 99, 106,
111)
DIFFUSION INDEXES
952. Six lagging
indicator components
(series 6 2 , 7 7 , 9 1 ,
95, 101, 109)
951. Four roughly
coincident indicator
components (series
41, 47, 51, 57)
961. Average workweek
of production workers,
manufacturing (20
industries)
962, Initial claims for
State unemployment
insurance, week including the 12th 1
(51 areas)
963. Number of empbyees on private
nonagricultural payrolls
(186 industries)
1-month
span
9-month
span
1-month
span
9-month
span
I-month
span
6-month
span
41.7
33.3
33.3
5.0
95.0
25.0
7.5
30.0
25.0
96.1
24.5
5.9
11.8
31.4
43.1
27.6
47.6
35.7
19.2
22.2
21.9
58.3
41.7
58.3
33.3
33.3
33.3
22.5
65.0
70.0
20.0
20.0
82.5
62.7
68.6
19.6
15.7
23.5
9.8
31.1
41.1
33.5
24.6
20.3
21.4
0.0
0.0
0.0
33.3
50.0
33.3
33.3
16.7
16.7
37.5
42.5
35.0
35.0
65.0
82.5
67.6
9.8
17.6
17.6
72.5
82.4
34.6
32.4
37.3
21.4
18.6
23.2
0.0
50.0
75.0
50.0
50.0
75.0
16.7
0.0
16.7
0.0
8.3
16.7
52.5
80.0
62.5
57.5
85.0
97.5
88.2
60.8
76.5
71.6
66.7
84.3
28.9
32.4
45.7
27.3
29.5
35.4
100.0
100.0
100.0
100.0
25.0
100.0
100.0
100.0
100.0
33.3
50.0
25.0
16.7
16.7
16.7
77.5
12.5
100.0
90.0
90.0
80.0
68.6
57.8
35.3
98.0
96.1
100.0
54.3
46.5
60.8
50.8
63.0
69.2
87.5
70.8
87.5
91.7"
100.0
91.7
87.5
100.0
100.0
100.0
100.0
100.0
25.0
8.3
25.0
16.7
16.7
33.3
90.0
30.0
85.0
85.0
95.0
95.0
80.4
48.0
78.4
84.3
90.2
92.2
68.9
69.5
64.6
75.1
80.0
82.4
July
August
September
62.5
62.5
66.7
91.7
83.3
66.7
75.0
75.0
100.0
100.0
100.0
100.0
58.3
58.3
16.7
33.3
41.7
66.7
70.0
62.5
92.5
95.0
95.0
92.5
70.6
7.8
96.1
88.2
94.1
80.4
74.3
68.6
69.5
84.1
82.4
84.6
October
November
December
75.0
45.8
62.5
83.3
83.3
79.2
100.0
100.0
100.0
100.0
100.0
100.0
41.7
58.3
75.0
66.7
66.7
66.7
40.0
62.5
55.0
95.0
85.0
92.5
58.8
35.3
60.8
84.3
86.3
68.6
75.4
69.7
73.8
85.9
86.8
83.8
January
February
March
58.3
70.8
50.0
75.0
70.8
62.5
100.0
75.0
100.0
100.0
100.0
100.0
8.3
75.0
75.0
66.7
66.7
75.0
77.5
50.0
22.5
80.0
30.0
32.5
36.3
72.5
68.6
76.5
90.2
56.9
71.1
73.2
67.0
81.9
82.7
79.7
April
May
June
41.7
58.3
r25.0
100.0
100.0
100.0
100.0
100.0
IOQ.O
75.0
66.7
50.0
83.3
83.3
83.3
87.5
7.5
37.5
r27.5
50.0
p20.0
43.1
29.4
92.2
r66.7
p68.6
(NA)
63.8
64.1
63.0
75.4
r69.2
r62.7
75.0
87.5
50.0
noo.o
83.3
75.0
66.7
'75.0
37.5
r60.0
r75.0
rl9.6
51.0
p72.5
62.4
r57.6
r40.3
p61.4
p27.5
(NA)
p65.4
1-month
span
6-month
span
1-month
span
6-month
span
1-month
span
January
February
March
45.8
58.3
33.3
41.7
41.7
45.8
0.0
87.5
37.5
0.0
50.0
50.0
75.0
33.3
33.3
April
May
June
66.7
37.5
37.5
66.7
50.0
45.8
25.0
75.0
0.0
25.0
0.0
0.0
July
August
September
58.3
58.3
62.5
50.0
41.7
62.5
25.0
0.0
12.5
October
November
December
75.0
58.3
66.7
83.3
87.5
91.7
January
February
March
75.0
70.8
66.7
April
May
June
6-month
span
1982
1983
1984
29.2
luly
August
September
rl6.7
r45.8
66.7
Octobar
November
December
J
30.0
r2S.O
33.3
240.0
a
83.3
"50.0
NOTE: Figures are the percent of series components rising. (Half of the unchanged components are counted as rising.) Data are centered within the spans: 1-month indexes are placed on the 2d month, 6month indexes on the 4th month, and 9-month indexes on the 6th month of the span; 1-quarter indexes are placed on the 1st month of the 2d quarter and 4-quarter indexes on the 2d month of the 3d quarter.
Series are seasonally adjusted except for those, indicated b y ® , that appear to contain no seasonal movement. Series numbers are for identification only and do not reflect series relationships or order. Complete titles and sources are listed at the back of this issue. The " r " indicates revised; " p " . preliminary: " e " , estimated: " a " , anticipated; and "NA", not available.
Graphs of these series are shown on page 36.
"Figures are the
"Excludes series
Excludes series
''Excludes series
74
percent o f components declining.
36 and 111 for which data are n o t available.
57, for which data are not available.
77 and 95, for which data are not available.
NOVEMBER 1984
ICCII
CYCLICAL INDICATORS
DIFFUSION INDEXES AND RATES OF CHANGE—Continued
DIFFUSION INDEXES-Continued
Year
and
month
964. Value of manufacturers' new orders,
durable goods industries (34 industries)
1-month
span
9-month
span
966. Index of industrial
production (24
industries)
965. Newly approved
capital appropriations,
deflated (17 manufacturing industries)
967. Index of spot
market prices, raw
industrials
©
(13 industrial materials)
9-month
span
1-month
span
9-month
span
960. Net profits,
manufacturing 2 ©
(about 600 companies)
1-month
span
6-month
span
0.0
12.5
33.3
42.3
34.6
38.5
15.4
30.8
26.9
10.6
34.6
28.8
34.6
42.3
38.5
50
40
33.3
75.0
31.3
20.8
41.7
54.2
41.7
37.5
33.3
30.8
34.6
23.1
26.9
19.2
19.2
88.5
54.8
11.5
18.0
56.0
79.6
53
52
33.3
25.0
37.5
61.5
53.8
61.5
26.9
15.4
23.1
52.9
26.5
100.0
87.8
87.8
89.8
58
50
60.4
52.1
41.7
45.8
60.4
75.0
46.2
30.8
46.2
50.0
57.7
65.4
98.0
85.7
51.0
89.8
98.0
100.0
66
57
25.0
33.3
41.7
79.2
87.5
91.7
61.5
76.9
57.7
80.8
61.5
57.7
63.3
59.2
73.5
100.0
98.0
93.9
71
56
75.0
58.3
75.0
52
83.3
91.7
79.2
91.7
95.8
95.8
65.4
46.2
46.2
80.8
96.2
88.5
81.6
91.8
65.3
89.8
87.5
86.5
74
59
87.5
83.3
75.0
95.8
91.7
81.3
57.7
73.1
57.7
88.5
80.8
73.1
52.0
30.6
85.4
91.5
80.9
72.3
82
79.2
83.3
87.5
69.2
76.9
42.3
80.8
80.8
73.1
47.9
57.4
61.7
38.3
40.4
34.0
81
r60
62.5
56.3
70.8
89.6
91.7
83.3
38.5
61.5
65.4
73.1
65.4
42.3
52.1
10.6
60.6
41.5
25.5
58.7
(NA)
p57
87.5
79.2
68.8
r59
62.5
64.6
70.8
r77.1
r70.8
66.7
50.0
50.0
42.3
34.6
30.8
30.8
43.6
36.2
36.2
30.4
37.0
37.0
p39
r70.8
r52.1
r33.3
p58.3
34.6
46.2
46.2
23.1
34.8
93.5
73.9
1-quarter
span
4-Q moving
average
1-month
span
968. Index of stock
prices, 500 common
stocks 1 ©
(4-quarter span)
1982
January
February
March
35.3
52.9
38.2
20.6
20.6
35.3
53
April
May
June
38.2
58.8
32.4
23.5
23.5
38.2
24
July
August
September
47.1
27.9
67.6
26.5
26.5
52.9
53
October
November
December
35.3
70.6
44.1
39.7
50.0
73.5
,,,
January
February
March
67.6
52.9
55.9
88.2
88.2
83.8
45
April
May
June
70.6
73.5
67.6
86.8
88.2
88.2
53
July
August
September
47.1
58.8
64.7
91.2
88.2
85.3
50
October
November
December
64.7
67.6
55.9
94.1
91.2
88.2
59
January
February
March
61.8
47.1
55.9
85.3
73.5
82.4
71
April
May
June
29.4
67.6
35.3
70.6
r55.9
p32.4
July
August
September
58.8
44.1
41.2
October
November
December
p38.2
77
1983
1984
...
p54.2
3
30.8
57.7
s
34.8
See note on page 74.
Graphs of these series are shown on page 37.
" B a s e d o n S2 i n d u s t r i e s t h r o u g h A u g u s t 1 9 8 2 , o n SO i n d u s t r i e s in S e p t e m b e r 1 9 8 2 , o n 4 9 i n d u s t r i e s t h r o u g h A u g u s t 1 9 8 3 , o n 4 8 i n d u s t r i e s
t h r o u g h O c t o b e r 1 9 8 3 , on 4 7 i n d u s t r i e s t h r o u g h J u n e 1 9 8 4 , a n d on 4 6 i n d u s t r i e s t h e r e a f t e r . D a t a f o r c o m p o n e n t i n d u s t r i e s a r e n o t s h o w n in
t a ba l e C 2 b u t a r e a v a i l a b l e f r o m t h e s o u r c e .
T h i s is a c o p y r i g h t e d s e r i e s u s e d b y p e r m i s s i o n ; it m a y n o t b e r e p r o d u c e d w i t h o u t w r i t t e n p e r m i s s i o n f r o m D u n $ B r a d s t r e e t , I n c .
3
B a s e d o n average for N o v e m b e r 6 , 13, and 20.
75
NOVEMBER 1984 ItCII
CYCLICAL INDICATORS
DIFFUSION INDEXES AND RATES OF CHANGE—Continued
DIFFUSION INDEXES— Continued
1|
a. Actual
expenditures
(1-Q span)
b. Later
anticipations
c. Early
anticipations
Anticipated
Actual
Anticipated
Actual
Anticipated
Actual
973. Net sales, manufacturing
and trade 1 ©
972. Net profits, manufacturing
and t r a d e ' ®
971. New orders, manufacturing 1 ©
970. Business expenditures for new plant and
equipment ( 2 1 industries)
Year
and
quarter
(4-Q span)
(4-Q span)
(4-Q span)
60
66
60
60
70
69
74
72
70
74
71
63
78
76
80
80
60
68
64
60
53
52
52
54
61
66
66
60
63
58
57
60
65
70
72
65
66
74
78
84
66
77
82
85
62
66
71
74
64
73
80
81
€6
74
74
80
68
78
84
86
90
86
(NA)
88
91
90
88
80
79
84
86
88
84
8.5
84
(NA)
88
90
90
88
(4-Q span)
(4-Q span)
(4-Q span)
(1-Q span)
(1-Q span)
69.0
69.0
81.0
38.1
57.1
33.3
54.8
66.7
61.9
61. 9
85.7
76.
68
70
62
62
74
74
76
76
52.4
26.2
23.8
21.4
47.6
23.8
33.3
57.1
47. 5
57.1
66.7
71.4
52
50
52
56
....
38.1
38.1
76.2
81.0
57.1
40.5
90.5
81.0
52.4
38.1
66.
76.2
....
76.2
71.4
78.6
61.9
78.6
54.8
76.2
66.7
61.9
1981
First quarter
Second quarter
Third quarter
Fourth quarter
....
....
1982
First quarter
Second quarter
Third quarter
Fourth quarter
....
....
1983
Fiist quarter
Second quarter
Third quarter
Fourth quarter
....
1984
First quarter
Second quarter
Third quarter
Fourth quarter
(NA)
....
1
Year
and
quarter
974. Number of employees,
manufacturing and trade' @
975. Level of inventories,
manufacturing and t r a d e '
Actual
Actual
Anticipated
(4-Q span)
(4-Q span)
©
Anticipated
(4-Q span)
(4-Q span)
(NA)
DIFFUSION INDEXES— Continued
976. Selling prices, manufacturing 1 (u)
Anticipated
Actual
(4-Q span)
(4-Q span)
977. Selling prices, wholesale
trade 1 ©
978. Selling prices, retail
trade 1 ©
Actual
Actual
Anticipated
(4-Q span)
(4-Q span)
Anticipated
(4-Q span)
(4-Q span)
1981
First quarter
Second quarter
Third quarter
Fourth quarter
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
46
46
50
51
51
48
58
52
52
52
54
56
56
50
72
68
63
60
80
76
68
66
72
67
68
61
82
78
72
68
78
75
74
68
82
81
76
72
....
48
54
58
61
50
56
59
60
54
59
62
68
52
58
62
64
61
60
65
68
65
66
70
69
63
62
68
70
68
64
68
72
68
72
69
72
69
67
70
71
....
65
63
62
64
64
62
72
70
66
70
70
66
74
70
(NA)
74
76
76
72
73
69
(NA)
72
76
75
72
72
68
70
74
74
68
....
....
1982
First quarter
Second quarter
Third quarter
Fourth quarter
....
....
1983
First quarter
Second quarter
Third quarter
Fourth quarter
....
1984
First quarter
Second quarter
Third quarter
Fourth quarter
(NA)
....
(NA)
m
NOTE: Figures are the percent ol series components rising. (Half of the unchanged components are counted as rising.) Data are placed at the end of the span. Series are seasonally adjusted except for those,
indicated by © , that appear to contain no seasonal movement. The "r" indicates revised; " p " , preliminary; and "NA", not available.
Graphs ol these series are shown on page 38.
"This is a copyrighted series used by permission; it may not be reproduced without written permission from Dun G Bradstreot, Inc.
Bradstreet diffusion indexes are based on surveys of about 1,400 business executives.
76
Dun 6
NOVEMBER 1984 ItCII
CYCLICAL INDICATORS
DIFFUSION INDEXES AND RATES OF CHANGE—Continued
SELECTED DIFFUSION INDEX COMPONENTS: Basic Data and Directions of Change
1984
Diffusion index components
April
March
May
June
July
August
September1"
October15
1
961 . AVERAGE WORKWEEK OF PRODUCTION WORKERS, MANUFACTURING
(Average weekly hours)
All manufacturing industries
-
40.7
+
-
(88)
(22)
Percent rising of 20 components
41.1
40.6
0
40.6
40.5
-
(38)
(8)
0
(38)
r40.5
+
(60)
40.6
-
(75)
40.5
(28)
•
Durable goods industries:
40.1
39.6
+
+
40.4
39.7
41.9
41.8
+
+
42.3
42.2
-
41.3
41.9
+
+
41.8
42.3
-
0
Electric and electronic equipment
Transportation equipment
41.0
42.9
+
-
41.3
43.5
Instruments and related products
Miscellaneous manufacturing
0
41.1
39.6
-
41.4
39.5
Food and kindred products
Tobacco manufacturers
+
+
39.8
36.9
+
+
40.1
39.5
Textile mill products
Apparel and other textile products
-
40.6
36.7
+
+
41.2
37.4
0
43.0
37.9
+
+
43.2
38.2
Chemicals and allied products
Petroleum and coal products
+
42.0
44.7
0
-
42.0
43.7
Rubber and miscellaneous plastics products
Leather and leather products
-
41.7
36.7
+
+
42.1
37.5
-
Lumber and wood products
Furniture and fixtures
-
Stone, clay, and glass products
Primary metal industries
-
-
-
Fabricated metal products
Machinery, except electrical
_
+
+
-
0
39.6
39.7
-
42.1
42.1
-
41.4
41.9
-
41.0
42.4
-
40.7
39.3
+
-
39.7
39.6
+
+
40.0
36.5
0
-
-
_
-
_
-
+
-
-
39.4
39.1
39.3
39.8
-
+
41.8
41.7
+
41.3
42.0
0
40.8
42.3
0
41.3
39.2
0
41.9
41.5
-
-
-
-
+
-
39.4
r39.1
+
+
40.2
40.0
r41.7
41.0
+
+
41.9
41.3
-
-
+
41.3
41.8
r41.1
r42.0
+
0
41.5
42.0
-
+
40.8
42.2
+
+
40.9
r42.4
+
+
41.1
42.7
-
41.3
38.9
-
41.1
r39.1
+
+
41.5
39.6
-
+
39.5
37.5
+
+
r39.7
r39.2
0
+
39.7
39.7
-
-
-
-
-
39.6
39.5
41.7
41.5
41.4
41.9
40.9
42.3
41.3
39.5
Nondurable goods industries:
Paper and allied products
Printing and publishing
_
_
>?
_
_
-
_
-
_
-
_
-
43.1
38.0
+
-
_
-
39.8
40.5
-
40.0
36.4
-
39.8
35.8
+
39.4
36.0
0
39.2
36.0
42.9
37.7
+
0
43.3
37.7
+
r43.1
r37.8
0
+
-
-
-
+
+
Electrical machinery
Other durable goods industries
-
-
11,657
10,931
+
+
18,303
16,892
+
28,444
18,956
98,317
+
(29)
(56)
Percent rising of 34 components
Fabricated metal products
105,183
+
-
_
-
_
+
_
39.6
40.0
+
38.9
36.1
43.1
37.9
0
42.9
37.9
+
-
41.9
43.1
0
+
41.9
43.2
+
+
42.0
r43.9
-
41.7
43.1
+
+
41.8
43.4
41.7
36.5
+
+
41.9
36.7
-
41.2
37.0
+
+
r41.4
r36.0
+
+
41.6
36.6
-
41.4
36.1
98,676
-
94,647
102,256
-
11,877
10,889
+
10,653
11,573
-
16,873
14,716
+
+
18,797
17,535
-
24,523
19,439
+
23,776
19,922
NOTE: To facilitate interpretation, the month-to-month directions of change are shown along with the numbers:
preliminary:
and "NA", not available.
l
99,171
+
(35)
(68)
_
+
41.8
43.5
964. VALUE OF MANUFACTURERS' NEW ORDERS, DURABLE GOODS INDUSTRIES '
(Millions of dollars)
All durable goods industries
-
_
_
+
10,155
11,084
2
101,704
•
-
_
-
(41)
(44)
(59)
+
102,015
11,183
11,024
+
+
11,245
12,034
-
18,512
15,988
+
18,149
16,267
+
24,055
19,377
+
+
25,267
19,814
-
-
_
-
10,281
11,878
17,549
16,403
+
+
18,049
16,792
25,096
19,688
-
22,113
19,563
( + ) ••= rising, (o) = unchanged, and ( - ) = falling.
(38)
+
-
_
-
_
+
10,646
11,832
16,497
14,162
21,826
19,684
The " r " indicates revised: "p",
Data are seasonally adjusted by the source agency.
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.
2
IN]II
NOVEMBER 1984
77
p
c
CYCLICAL INDICATORS
DIFFUSION INDEXES AND RATES OF CHANGE—Continued
Q
SELECTED DIFFUSION INDEX COMPONENTS: Basic Data and Directions ol Change- Continued
1984
•illusion index components
April
March
June
May
August1"
July
October'3
September1*
966. INDEX OF INDUSTRIAL PRODUCTION '
(1967 "100)
+
All industrial production
Percent rising of 24 components
160.8
+
(69)
'
162.1
+
162.8
+
(65)
(62)
164.4
+
(71)
165.9
+
166.1
-
(52)
(71)
165.2
0
165.2
(33)
(54)
150.4
!,9§.0
(NA)
(NA)
Durable manufactures:
lumber and products
furniture and fixtures
+
-
_
149.3
184.6
+
+
_
151.2
186.6
-
+
146.3
190.5
+
+
148.5
191.9
-
-
+
146.0
192.6
+
+
148.8
195.5
160.9
94.5
+
+
161.3
95.3
-
+
+
-
_
Clay, glass, and stone products
Primary metals
160.2
97.5
-
160.6
98.2
-
159.7
97.9
+
+
160.0
99.3
+
-
Fabricated metal products
Nonelectrical machinery
+
+
134.9
171.9
+
+
135.5
174.9
+
+
136.5
178.8
+
+
138.7
182.0
+
+
140.6
rl86.9
+
140.2
189.6
Electrical machinery
Transportation equipment
+
+
212.0
135.8
+
214.6
134.5
0
+
214.5
135.0
+
+
216.0
137.2
+
+
221.5
140.6
0
+
221.4
141.2
+
-
Instruments
Miscellaneous manufactures
+
+
169.7
152.3
+
171.0
152.1
+
171.8
151.5
+
+
+
rl76.7
152.4
-
177.4
149.2
+
-
174.5
150.8
+
-
Foods
Tobacco products
+
+
161.2
111.8
+
+
163.1
113.3
+
164.2
112.8
+
+
165.1
118.3
-
rl64.9
rll5.1
-
164.6
113.8
Textile mill products
Apparel products
+
143.5
(NA)
140.0
(NA)
+
140.5
(NA)
+
140.7
(NA)
172.4
166.3
+
+
174.1
167.5
+
+
174.6
169.0
228.3
126.8
227.9
127.9
+
+
334.1
61.4
+
-
-
_
_
-
-
159.5
93.3
+
(NA)
94.0
139.6
189.7
+
+
139.9
190.9
222.3
137.0
177.7
148.2
_
-
+
-
221.5
136.6
177.8
147.5
Nondurable manufactures:
Paper and products
Printing and publishing
•
_
173.8
165.2
•
_
Chemicals and products
Petroleum products
+
-
225.0
127.0
Rubber and plastics products
Leather and products
+
0
323.8
63.9
Metal mining
Coal
+
+
100.0
164.0
-
98.5
151.4
+
98.0
153.9
•
Oil and gas extraction
Stone and earth minerals
+
118.2
135.8
+
+
118.8
140.4
+
+
120.4
144.0
+
+
_
+
-
-
+
328.0
63.5
+
NOTE: To facilitate interpretation, the month-to-month directions of change are shown along with the numbers:
preliminary: End "NA", not available.
-
(t)
139.8
(NA)
+
140.5
(NA)
+
+
rl76.7
rl72.6
+
+
176.8
1/4.1
231.0
127.5
+
r232.0
124.7
-
341.0
60.0
+
+
341.4
60.6
96.8
161.5
+
96.4
176.5
121.6
147.9
+
+
rl22.8
151.9
rising, (o)
-
_
_
+
-
_
(NA)
(NA)
(NA)
(NA)
138.4
(NA)
(NA)
(NA)
177.2
173.8
+
+
178.5
174.0
230.0
122.9
+
(NA)
124.9
231.5
124.3
-
-
341.5
59.9
+
338.4
60.6
-
83.4
171.7
+
81.3
173.7
0
+
122.8
153.5
+
0
unchanged, and (
)
_
_
falling.
122.4
154.0
(NA)
(NA)
-
+
(NA)
129.6
122.8
(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 1984
ItCII
CYCLICAL INDICATORS
DIFFUSION INDEXES AND RATES OF CHANGE—Continued
SELECTED DIFFUSION INDEX COMPONENTS: Basic Data and Directions of Change- Continued
Q
1984
Diffusion index components
March
April
May
June
July
967. INDEX OF SPOT MARKET PRICES, RAW INDUSTRIALS
Raw industrials price index (1967 = 100)
+
289.2
-
(65)
Percent rising of 13 components
288.6
+
(50)
289.5
-
(50)
286.2
-
(42)
August
September
October
November1
!
280.1
-
(35)
275.6
-
(46)
274.0
-
(46)
266.4
+
268.4
(58)
(31)
Dollars
Copper scrap
(pound)..
(kilogram)..
+
0.536
1.182
+
0.546
1.204
Lead scrap
(pound)..
(kilogram)
+
0.149
0.328
+
0.150
0.331
0
0 150
0 331
Steel scrap
(U.S. t o n ) . .
(metric t o n ) . .
95.750
105.545
+
98.600
108.687
+
5 890
12 9 8 5
-
99.250
109.403
-
Tin
(pound)..
(kilogram)..
+
5.840
12.875
+
5.845
12.886
Zinc
(pound)..
(kilogram)..
+
0.529
1.166
+
0.536
1.182
(yard)..
(meter)..
0
0.306
0.335
0
0.306
0.335
(pound)..
(kilogram)..
+
0.762
1.680
+
0.771
1.700
Burlap
Cotton
, .
0.820
0.897
Print cloth
(yard)..
(meter)..
Wool tops
(pound)..
(kilogram)..
0
3.500
7.716
Hides
(pound).,
(kilogram).,
+
0.720
1.587
Rosin
(100 pounds)..
(100 kilograms) .
0
47.000
103.616
Rubber
(pound)..
(kilogram)..
Tallow
(pound)..
(kilogram)..
-
-
+
0.578
1.274
0.219
0.483
-
0
-
0
-
-
0.815
0.891
-
-
-
+
-
0 508
1 120
0 533
1 175
0 300
0 328
-
+
-
-
-
+
0.479
1.056
0.158
0.348
94.250
103.892
5.882
12.967
0.530
1.168
0.313
0.342
0 803
1 770
-
0.763
1.682
0 784
0 857
-
0.762
0.833
3.500
7.716
0
3 500
7 716
+
3.512
7.743
0.712
1.570
+
0 744
1 640
+
0.748
1.649
47.000
103.616
0
47 000
103 616
0
47.000
103.616
0.568
1.252
0.218
0.481
-
+
0 514
1 133
0 249
0 549
-
+
0.475
1.047
0.259
0.571
-
+
-
-
-
+
-
+
0.459
1.012
0.188
0.414
85.000
93.696
5.772
12.725
0.502
1.107
0.329
0.360
0.683
1.506
0.768
0.840
+
-
+
-
-
+
-
-
0.460
1.014
0.171
0.377
86.000
94.798
5.680
12.522
0.491
1.082
0.336
0.367
0.640
1.411
-
-
+
-
-
+
-
0.435
0.959
0.143
0.315
92.000
101.412
5.585
12.313
0.476
1.049
+
0.138
0.304
88.000
97.002
-
87.000
95.900
5.404
11.914
+
5.533
12.198
0.454
1.001
0
0.454
1.001
+
0.396
0.433
+
0.626
1.380
-
0.610
1.345
0.762
0.833
+
0.779
0.852
+
0.794.
0.868
+
0.800
0.875
0
3.500
7.716
0
3.500
7.715
3.500
7.716
+
0.766
1.689
+
0.771
1.700
+
0.795
1.753
0
47.000
103.616
0
47.000
103.616
0
47.000
103.616
0.464
1.023
+
0.465
1.025
-
-
0.120
0.265
0.625
1.378
0
0.208
0.459
-
0.457
1.008
0.395
0.432
3.500
7.716
-
-
+
+
0
-
-
0.421
0.928
0.366
0.400
3.500
7.716
-
-
0.201
0.443
-
+
0.464
1.023
0.218
0.481
-
0
-
-
0.716
1.578
47.000
103.616
0.437
0.963
0.216
0.476
-
0
-
+
0.625
1.378
47.000
103.616
0.427
0.941
0.225
0.496
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.
'The index is the a v e r a g e f o r N o v e m b e r 1 through 21; c o m p o n e n t p r i c e s are a v e r a g e s f o r N o v e m b e r 6 , 1 3 , and 2 0 .
"Data are n o t s e a s o n a l l y a d j u s t e d . T h e s e s e r i e s a r e b a s e d on c o p y r i g h t e d d a t a u s e d b y p e r m i s s i o n ; they m a y n o t be r e p r o d u c e d w i t h o u t
w r i t t e n p e r m i s s i o n from C o m m o d i t y R e s e a r c h B u r e a u , I n c . C o m p o n e n t s are c o n v e r t e d to m e t r i c u n i t s b y the Bureau o f E c o n o m i c A n a l y s i s .
I N ] I I NOVEMBER 1984
79
OTHER IMPORTANT ECONOMIC MEASURES
NATIONAL INCOME AND PRODUCT
D
c. Percent
change at
annual rate
b. Difference
a. Total
(Ann. rate,
bil. dol.)
(Ann. rate,
bil. dol.)
217. Per capita
GNP in 1972
dollars
50. Gross national product in 1972 dollars
200. Gross national product in current dollars
Year
and
quarter
GNP AND PERSONAL INCOME
b. Difference
a. Total
(Ann. rate,
bil. dol.)
(Ann. rate,
bil. dol.)
c. Percent
change at
annual rate
(Ann. rate,
dollars)
213. Final sales
in 1972 dollars
(Ann. rate,
bil. dol.)
1901
First quarter
Second quarter
Third quarter
Fourth quarter
2.875.8
2,918.0
3,009.3
3.027.9
139.8
42.2
91.3
18.6
22.1
6.0
13.1
2.5
1,513.5
1,511.7
1,522.1
1,501.3
35.6
-1.8
10.4
-20.8
10.0
-0.5
2.8
-5.4
6,603
6,580
6,607
6,500
1,505.4
1,499.4
1,504.6
1,494.0
3.026.0
3,061.2
3.080.1
3,109.6
-1.9
35.2
18.9
29.5
-0.2
4.7
2.5
3.9
1,483.5
1,480.5
1,477.1
1,478.8
• 17.8
-3.0
-3.4
1.7
-4
-0
-0
0
.6
.8
.9
.5
6,408
6,381
6,349
6,341
1.490.3
1,484.5
1,483.5
1.503.4
3,173.8
3,267.0
3.346.6
3.431.7
64.2
93.2
79.6
85.1
8.5
12.3
10.1
10.6
1,491.0
1,524.8
1,550.2
1,572.7
12.2
33.8
25.4
22.5
3.3
9.4
6.8
5.9
6,379
6,510
6,602
6,681
1,507.5
1,530.9
1.549.3
1.565.4
3,553.3
3,644.7
r3,695.2
121.6
91.4
r50.5
14.9
10.7
r5.7
1,610.9
1,638.8
rl,646.5
38.2
27.9
r7.7
10.1
7.1
rl.9
6,829
6,933
r6,949
1,579.3
1,618.5
rl,616.5
....
....
19(2
First quarter
Second quarter
Third quarter
Fourth quarter
....
....
1983
First quarter
Second quarter
Third quarter
Fourth quarter
....
....
1984
First quarter
Second quarter
Third quarter
Fourth quarter
....
....
Q
Q j
GNP AND PERSONAL INCOME -Continued
230. Total in current
dollars
Disposable personal income
Year
and
quarter
224. Current dollars
(Ann. rate,
bil. dol.)
PERSONAL CONSUMPTION EXPENDITURES
231. Total in 1972
dollars
232. Durable goods
in current dollars
233. Durable goods
in 1972 dollars
227. Per capita in
1972 dollars
225. Constant
(1972) dollars
(Ann. rate,
bil. dol.)
(Ann. rate,
dollars)
(Ann. rate,
bil. dol.)
(Ann. rate,
bil. dol.)
(Ann, rate,
bil. dol.)
(Ann. rate,
bil. dol.)
1981
Second quarter
Third quarter
Fourth quarter
....
....
1,972.5
2,006.0
2,078.6
2,109.8
1,042.5
1,040.7
1,058.1
1,056.0
4 548
4,530
4,593
4,572
1,797.9
1,829.3
1,877.3
1,891.8
950.2
949.1
955.7
946.8
237.8
232.4
242.5
228.9
146.1
140.0
143.5
134.0
2,132.0
2,156.8
2,195.8
2,237.5
1 , 0 5 2 fi
1,054 8
1,057 9
1,067 6
4
4
4
4
548
546
548
578
1 ,931.3
1,960.9
2 ,001.3
2 ,046.1
953.7
958.9
964.2
976.3
239.4
241.6
244.5
255.0
138.5
138.8
139.3
145.2
2,261.4
2,302.9
2,367.4
2,428.6
1,073
1,082
1,102
1,124
1
0
2
3
4,591
4,619
4,694
4,776
2,070.4
2,141.6
2,181.4
2,230.2
982.5
1,006.2
1,015.6
1,032.4
259.4
276.1
284.1
299.8
146.8
156.2
159.6
167.2
1,147.6
1,165.3
rl.176.4
4,865
4,930
r4,965
2,276.5
2,332.7
r2,360.8
1.044.1
1.064.2
rl,065.6
310.9
320.7
r318.5
173.7
178.6
rl77.6
1982
Second quarter
Third quarter
Fourth quarter
....
1983
First quarter
Second quarter
Third quarter
Fourth quarter
....
....
1984
First quarter
Second quarter
Third quarter
Fourth quarter
....
....
2.502.2
2.554.3
r2,606.1
NOTE; Series are seasonally adjusted except for those, indicated by © , that appear to contain no seasonal movement. Series numbers are for identification only and do not reflect series relationships or order.
Complete titles and sources are listed at the back of this issue. The "r" indicates revised; " p " , preliminary; " e " , estimated; " a " , anticipated; and "NA", not available.
Graphs of these series are shown on pages 40 and 41.
80
NOVEMBER 1984
itcn
OTHER IMPORTANT ECONOMIC MEASURES
NATIONAL INCOME AND PRODUCT—Continued
0 1
236. Nondurable
goods in current
dollars
Year
and
quarter
(Ann. rate,
bil. dol.)
PERSONAL CONSUMPTION EXPENDITURES—Continued
238. Nondurable
goods in 1972
dollars
(Ann. rate,
bil. dol.)
237. Services in
current dollars
(Ann. rate,
bil. dol.)
m
239. Services in
1972 dollars
240. Total in
current dollars
(Ann. rate,
bil. dol.) .
(Ann. rate,
bil. dol.)
GROSS PRIVATE DOMESTIC INVESTMENT
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.)
1981
First quarter
Second quarter
Third quarter
Fourth quarter
715.4
727.9
736.8
742.6
358.7
361.2
361.6
361.7
844.8
869.0
898.0
920.3
445.4
447.9
450.5
451.2
468.1
481.1
505.8
481.7
228.5
232.8
238.5
223.7
446.2
457.3
466.2
462.8
220.4
220.5
221.0
216.4
746.4
750.6
762.5
770.6
360.5
362.0
363.7
366.0
945.4
968.6
994.2
1,020.6
454.7
458.1
461.2
465.1
436.2
431.2
415.9
376.2
204.7
200.4
194.3
177.8
453.2
442.1
431.3
437.3
211.4
204.5
200.7
202.4
775.2
796.9
811.7
823.0
368.8
374.9
378.5
383.2
1,035.8
1,068.6
1,085.7
1,107.5
466.8
475.1
477.6
482.0
405.0
449.6
491.9
540.0
191.3
212.6
230.6
249.5
447.9
469.0
496.2
527.3
207.8
218.7
229.8
242.2
841.3
858.3
r861.1
387.1
396.6
r395.4
1,124.4
1,153.7
r l ,181.2
483.4
488.9
r492.6
623.8
627.0
r622.3
285.5
283.9
r300.6
550.0
576.4
r593.8
253.9
263.7
r270.6
....
....
1982
First quarter
Second quarter
Third quarter
Fourth quarter
....
....
1983
First quarter
Second quarter
Third quarter
Fourth quarter
....
....
1984
First quarter
Second quarter
Third quarter
Fourth quarter
....
...
• •
• S I
GROSS PRIVATE
DOMESTIC INVEST —Con.
245. Change in
business inventories in current
dollars
Year
and
quarter
(Ann. rate,
bil. dol.)
30. Change in
business inventories in 1972
dollars
(Ann. rate,
bil. dol.)
GOVERNMENT PURCHASES OF GOODS AND SERVICES
260. Total in
current dollars
(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.)
266. State and
local government
in current dollars
(Ann. rate,
bil. dol.)
287. State and
local government
in 1972 dollars
(Ann. rate,
bil. dol.)
1981
First quarter
Second quarter
Third quarter
Fourth quarter
....
....
21.9
23.7
39.7
18.9
8.1
12.4
17.5
7.2
576.6
585.3
601.3
622.7
286.0
285.1
287.4
289.6
215.6
220.9
232.2
246.9
107.4
108.2
111.7
113.8
361.0
364.4
369.1
375.8
178.6
176.9
175.7
175.9
-17.0
-10.9
-15.3
-61.1
-6.7
-4.0
-6.4
-24.6
630.9
633.7
656.3
681.0
290.2
287.0
292.8
300.6
249.8
245.0
261.6
279.4
114.8
111.0
117.2
124.8
381.1
388.7
394.7
401.6
175.4
176.0
175.7
175.8
-42.9
-19.4
-4.3
12.7
-16.5
-6.1
0.9
7.2
678.8
682.2
689.8
691.4
294.3
292.4
292.0
288.8
273.0
270.5
269.2
266.3
119.0
117.2
115.6
113.0
405.8
411.6
420.6
425.1
175.3
175.2
176.4
175.8
73.8
50.6
r68.5
31.6
20.3
r30.0
704.4
743.7
r762.0
289.5
302.1
r306.8
267.6
296.4
r302.8
112.2
123.2
rl25.4
436.8
447.4
1-459.3
177.3
178.9
rl81.4
1982
First quarter
Second quarter
Third quarter
Fourth quarter
....
....
1983
First quarter
Second quarter
Third quarter
Fourth quarter
....
1984
First quarter
Second quarter
Third quarter
Fourth quarter
....
....
See note on page 80.
Graphs of these series are shown on pages 41, 42, and 43.
IMjI) NOVEMBER 1984
81
OTHER IMPORTANT ECONOMIC MEASURES
NATIONAL INCOME AND PRODUCT—Continued
Q
quarter
255. Constant
(1972) dollars
250. Current
dollars
(Ann. rate,
bil. dol.)
(Ann. rate,
bil. dol.)
256. Constant
(1972) dollars
252. Current
dollars
(Ann. rate,
bil. dol.)
NATIONAL INCOME
AND :TS COMPONENTS
220. National income in current
dollars
Imports of goods and services
Exports of goods and services
Net exports of goods and services
Year
H
R H
FOREIGN TRADE
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.)
1981
First quarter
Second quarter
Third quarter
Fourth quarter
....
....
33.1
22.4
24.8
31.7
48.8
44.8
40.6
41.2
368.4
369.8
368.7
372.8
161.2
161.0
159.3
159.4
335.3
347.5
343.9
341.1
112.5
116.3
118.7
118.2
2,299.4
2,330.6
2,407.8
2,417.6
1,716.1
1,747.6
1,785.5
1,812.5
27.7
35.5
6.6
6.3
34.9
34.1
25.7
24.1
359.4
366.3
346.3
321.7
152.2
155.1
146.6
136.7
331.7
330.8
339.7
315.4
117.3
121.0
120.9
112.6
2.422.3
2,443.9
2.452.4
2,468.6
1.834.2
1,857.7
1.876.3
1,888.7
19.6
-6.5
-16.4
-29.8
22.9
13.6
11.9
2.0
328.5
328.1
342.0
346.1
138.2
137.0
141.6
141.0
308.9
334.5
358.4
375.9
115.3
123.4
129.7
139.1
2,527.0
2,609.0
2.684.4
2.766.5
1.921.3
1.962.4
2,000.7
2,055.4
-51.5
-58.7
r-89.9
-8.3
-11.4
r-26.6
358.9
362.4
r369.3
144.9
144.7
rl47.8
410.4
421.1
r459.2
153.2
156.2
rl74.4
2,873.5
2,944.8
p2,983.4
2,113.4
2,159.2
r2,191.9
1982
Frst quarter
Second quarter
Third quarter
Fourth quarter
....
....
1983
First quarter
Second quarter
Third quarter
Fourth quarter
....
....
1984
First quarter
Second quarter
Third quarter
Fourth quarter
....
....
E
282. Proprietors'
income with inventory valuation and
capital consumption adjustments
Year
and
quarter
(Ann. rate,
bil. dol.)
J
Q
NATIONAL INCOME AND ITS COMPONENTS-Continued
284. Rental income
of persons with
capital consumption adjustment
(Ann. rate,
bil. dol.)
286. Corporate
profits with inventory valuation and
capital consumption adjustments
(Ann. rate,
bil. dol.)
288. Net interest
(Ann. rate,
bil. dol.)
290. Gross saving
(private and government)
(Ann. rate,
bil. dol.)
SAVING
295. Business
saving
(Ann. rate,
bil. dol.)
292. Personal
saving
(Ann. rate,
bil. dol.)
1981
First quarter
Second quarter
Third quarter
Fourth quarter
....
....
127.8
123.9
129.7
119.1
38.7
40.8
42.9
46.8
194.8
184.3
195.7
184.9
222.0
233.9
253.9
254.4
469.0
475.9
503.0
489.5
355.8
364.1
380.3
390.2
121.8
122.1
145.0
160.6
116.8
107.7
102.2
117.6
47.8
48.3
52.9
57.0
159.9
161.7
163.3
151.6
263.6
268.5
257.7
253.8
447.0
445.4
397.9
344.8
378.3
386.2
393.8
393.9
142.6
136.7
134.5
130.2
114.7
116.9
123.3
131.9
57.7
59.0
56.2
60.4
179.1
216.7
245.0
260.0
254.2
254.2
259.2
258.9
393.4
414.7
455.2
485.7
417.0
441.4
469.7
486.4
128.0
96.7
119.0
128.7
154.9
149.8
1-154.5
61.0
62.0
63.0
277.4
291.1
p281.5
266.8
282.8
292.5
543.9
551.0
p555.5
498.8
515.3
p522.4
152.5
144.8
rl64.3
1982
Second quarter
Third quarter
Fourtti quarter
....
....
1983
First quarter
Second quarter
Third quarter
Fourth quarter
....
....
1984
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.
02
NOVEMBER 1984
itcn
OTHER IMPORTANT ECONOMIC MEASURES
NATIONAL INCOME AND PRODUCT—Continued
Q
SAVING—Continued
298. Government
surplus or deficit,
total
Year
and
quarter
(Ann. rate,
bil. dol.)
SHARES OF GNP AND NATIONAL INCOME
293. Personal
saving rate
(percent of disposable personal
income)
(Percent)
Percent of gross national product
235. Personal consumption expenditures, total
(Percent)
248. Nonresidential
fixed investment
(Percent)
249. Residential
fixed investment
(Percent)
247. Change in
business inventories
251. Net exports of
goods and services
(Percent)
(Percent)
1981
First quarter
Second quarter . . . .
Third quarter .
Fourth quarter . . . .
-9.7
-11.4
-23.3
-62.4
6.2
6.1
7.0
7.6
62.5
62.7
62.4
62.5
11.6
11.9
12.1
12.2
3.9
3.7
3.4
3.1
0.8
0.8
1.3
0.6
1.2
0.8
0.8
1.0
-73.8
-77.6
-130.4
-179.2
6.7
6.3
6.1
5.8
63.8
64.1
65.0
65.8
12.1
11.5
11.1
10.9
2.9
3.0
2.9
3.1
-0.6
-0.4
-0.5
-2.0
0.9
1.2
0.2
0.2
-151.7
-123.4
-133.5
-129.3
5.7
4.2
5.0
5.3
65.2
65.6
65.2
65.0
10.5
10.4
10.6
11.2
3.6
4.0
4.3
4.2
-1.4
-0.6
-0.1
0.4
0.6
-0.2
-0.5
-0.9
-107.4
-109.2
p-131.1
6.1
5.7
6.3
64.1
64.0
r63.9
11.2
11.5
rll.9
4.3
4.3
4.2
2.1
1.4
rl.9
-1.4
-1.6
r-2.4
1982
First quarter
Second quarter
Third quarter
Fourth quarter
....
....
1983
First quarter
Second quarter
Third quarter
Fourth quarter
....
....
1984
First quarter
Second quarter
Third quarter
Fourth quarter
....
....
SHARES OF GNP AND NATIONAL INCOME-Continued
Percent of GNP-Continued
Year
and
quarter
265. Federal Government purchases of
goods and services
(Percent)
Percent of national income
268. State and local
government purchases
of goods and services
64. Compensation of
employees
(Percent)
(Percent)
283. Proprietors'
income with IVA
and CCAdj 1
285. Rental income
of persons with
CCAdj 1
(Percent)
(Percent)
287. Corporate
profits with IVA
and CCAdj'
289. Net interest
(Percent)
(Percent)
1981
First quarter
Second quarter
Third quarter
Fourth quarter
....
....
7.5
7.6
7.7
8.2
12.6
12.5
12.3
12.4
74.6
75.0
74.2
75.0
5.6
5.3
5.4
4.9
1.7
1.8
1.8
1.9
8.5
7.9
8.1
7.6
9.7
10.0
10.5
10.5
8.3
8.0
8.5
9.0
12.6
12.7
12.8
12.9
75.7
76.0
76.5
76.5
4.8
4.4
4.2
4.8
2.0
2.0
2.2
2.3
6.6
6.6
6.7
6.1
10.9
11.0
10.5
10.3
8.6
8.3
8.0
7.8
12.8
12.6
12.6
12.4
76.0
75.2
74.5
74.3
4.5
4.5
4.6
4.8
2.3
2.3
2.1
2.2
7.1
8.3
9.1
9.4
10.1
9.7
9.7
9.4
7.5
8.1
r8.2
12.3
12.3
12.4
73.5
73.3
p73.5
5.4
5.1
p5.2
2.1
2.1
p2.1
9.7
9.9
p9.4
9.3
9.6
p9.8
1982
First quarter
Second quarter
Third quarter
Fourth quarter
....
....
1983
First quarter
Second quarter
Third quarter
Fourth quarter
....
....
1984
First quarter
Second quarter
Third quarter
Fourth quarter
....
....
See note on page SO.
Graphs of these series are shown on pages 46 and 47.
'IVA, inventory valuation adjustment; CCAdj, capital consumption adjustment.
I M j I )
NOVEMBER 1984
83
OTHER IMPORTANT ECONOMIC MEASURES
B
PRICES, WAGES, AND PRODUCTIVITY
Q j
Implicit price deflator,
gross national product
Year
and
month
310. Index
(1972=100)
310c. Change
over 1-quarter
spans'
(Ann. rate,
percent)
PRICE MOVEMENTS
Fixed-weighted price index,
gross business product
311. Index
(1972 = 100)
311c. Change
over 1-quarter
spans '
(Ann. rate,
percent)
Consumer prices, food
Consumer prices, all items
320. Index
(1967=100)
©
322. Index
320c. Change
over 1-month
spans'
320c. Change
over 6-month
spans 1
(Percent)
(Ann. rate,
percent)
(1967-100)
322c. Change
over 1-month
spans'
322c. Change
over 6-month
spans 1
(Percent)
(Ann. rate,
percent)
1982
4.6
January
February
March
204.0
April
May
June
206.8
July
August
September
208.5
October
November
December
210.3
5.3
282.5
283.4
283.1
0.4
0.2
-0.1
3.5
4.4
6.0
281.8
283.4
282.7
0.9
0.6
-0.2
3.7
4.8
5.8
4.4
284.3
287.1
290.6
0.4
0.9
1.1
6.2
6.2
6.6
283.4
285.3
287.2
0.2
0.7
0.7
4.2
2.4
3.2
5.6
292.2
292.8
293.3
0.5
0.3
0.0
6.6
4.7
1.8
287.6
286.8
287.2
0.1
-0.3
0.1
3.0
1.8
0.6
3.7
294.1
293.6
292.4
0.4
0.0
-0.3
1.4
0.7
0.8
287.6
287.9
288.0
0.1
0.1
0.0
0.9
1.6
2.2
2.7
293.1
293.2
293.4
0.3
-0.1
0.1
1.4
2.3
3.3
288.9
289.1
290.3
0.3
0.1
0.4
2.7
2.9
2.4
3.9
295.5
297.1
298.1
0.7
0.4
0.2
3.4
4.3
5.0
291.5
292.1
291.5
0.4
0.2
-0.2
1.61.8
1.4
4.5
299.3
300.3
301.8
0.4
0.4
0.4
4.4
4.2
4.3
291.2
291.7
292.3
-0.1
0.2
0.2
1.4
1.4
2.7
3.5
302.6
303.1
303.5
0.4
0.4
0.2
4.8
4.8
4.5
293.5
294.1
295.4
0.4
0.2
0.4
6.3
7.3
6.6
4.2
305.2
306.6
307.3
0.6
0.4
0.2
4.6
4.3
4.1
300.2
302.2
301.8
1.6
0.7
-0.1
5.7
4.7
4.0
4.1
308.8
309.7
310.7
0.5
0.2
0.2
3.4
3.6
3.9
301.7
300.9
301.3
0.0
-0.3
0.1
1.3
1.3
1.3
r4.0
311.7
313.0
314.5
0.3
0.5
0.4
3.7
302.2
304.1
303.8
0.3
0.6
-0.1
2.1
315.3
0.4
304.9
0.4
211.7
5.6
214ll
3.4
217.0
3.4
218.9
1983
5.0
January
February
March
212 [9
April
May
June
214.2
July
August
September
215.9
October
November
December
2is!2
220.4
2.6
222.5
3.1
225.0
4.4
226! 9
1984
January
February
March . . . . . . . . . .
220.6
4.4
April
May
June
222.4
July
August
September
224.4
229.3
3.3
231.6
r3.7
October
November
December
r233.9
See note on page 80.
Graphs of these series are shown on pages 48 and 49.
'Changes are contercd 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 1984
I t C I I
OTHER IMPORTANT ECONOMIC MEASURES
B
PRICES, WAGES, AND PRODUCTIVITY—Continued
Q
Producer prices, all commodities
Year
and
month
330. Index
©
330c. Change
over 1-month
spans 1 ©
(1967 = 100)
(Percent)
PRICE MOVEMENTS--Continued
Producer prices, industrial commodities
330c. Change
over 6-month
spans 1 ©
335. Index
©
(Ann. rate,
percent)
(1967 = 100)
335c. Change
over 1-month
spans 1 ©
(Percent)
Producer prices, crude materials
335c. Change
over 6-month
spans 1 ©
(Ann. rate,
percent)
331. Index
(1967=100)
331c. Change
over 1-month
spans 1
(Percent)
331c. Change
over 6-month
spans 1
(Ann. rate,
percent)
1982
January
February
March
298.3
298.6
298.0
0.8
0.1
-0.2
1.3
2.1
2.4
311.8
311.6
311.0
0.6
-0.1
-0.2
0.6
0.2
0.4
320.4
319.5
317.9
1.3
-0.3
-0.5
-2.2
3.0
4.8
April
May
June
298.0
298.6
299.3
0.0
0.2
0.2
1.4
1.1
0.9
309.9
309.6
310.6
-0.4
-0.1
0.3
0.6
1.0
1.1
320.0
324.2
323.7
0.7
1.3
-0.2
0.2
-1.1
-1.3
July
August
September
300.4
300.2
299.3
0.4
-0.1
-0.3
1.2
1.1
0.9
312.8
313.2
312.7
0.7
0.1
-0.2
2.9
3.5
3.0
320.8
317.8
315.8
-0.9
-0.9
-0.6
-2.9
-3.1
-3.7
October
November
December
299.8
300.3
300.7
0.2
0.2
0.1
-0.3
0.5
0.9
314.3
315.0
315.2
0.5
0.2
0.1
0.7
0.4
0.5
315.4
319.1
317.7
-0.1
1.2
-0.4
-2.8
0.4
2.8
January
February
March
299.9
300.9
300.6
-0.3
0.3
-0.1
0.5
0.8
1.1
313.9
313.9
313.5
-0.4
0.0
-0.1
-1.2
-0.9
0.1
316.2
318.5
320.2
-0.5
0.7
0.5
5.0
1.6
2.2
April
May
June
300.6
301.5
302.4
0.0
0.3
0.3
2.2
2.5
3.2
312.4
313.6
315.3
-0.4
0.4
0.5
1.7
2.2
2.3
323.2
321.6
321.1
0.9
-0.5
-0.2
1.1
4.1
5.4
July
August
September
303.2
304.7
305.3
0.3
0.5
0.2
3.6
2.7
2.5
316.5
317.3
317.1
0.4
0.3
-0.1
3.9
3.0
2.0
317.9
325.0
328.8
-1.0
2.2
1.2
3.7
5.5
7.9
October
November
December
306.0
305.5
306.1
0.2
-0.2
0.2
3.2
2.8
3.8
318.5
318.3
318.4
0.4
-0.1
0.0
1.6
2.1
3.1
329.2
330.4
333.6
0.1
0.4
1.0
11.7
3.7
5.1
308.0
308.9
311.0
0.6
0.3
0.7
3.5
4.0
r3.4
319.1
320.6
321.9
0.2
0.5
0.4
2.6
3.1
r3.4
336.0
330.9
337.1
0.7
-1.5
1.9
4.7
2.1
r-1.6
311.3
311.5
r311.3
0.1
0.1
r-0.1
2.6
1.3
-1.0
322.6
323.2
r-323.8
0.2
0.2
0.2
3.1
1.8
0.2
336.9
333.8
r330.9
-0.1
-0.9
r-0.9
-2.8
-2.2
-5.9
July
August
September
312.0
310.9
309.5
0.2
-0.4
-0.5
-1.2
324.0
323.5
322.3
rO.l
-0.2
-0.4
0.4
331.3
327.2
327.0
0.1
-1.2
-0.1
-7.5
October
November
December
309.4
0.0
323.2
0.3
324.0
-0.9
1983
,
1984
January
February
March
April
May
June
See note on page 80.
Graphs of these series are shown on page 48.
'Changes are centered within the spans:
licit
NOVEMBER 1984
1-month changes are placed on the 2d month and 6-month changes are placed on the 4th month.
85
OTHER IMPORTANT ECONOMIC MEASURES
PRICES, WAGES, AND PRODUCTIVITY—Continued
B
Q j
332. Index
332c. Change
over 1-month
spans'
(1967-100)
(Percent)
Producer prices, finished consumer goods
Producer prices, capital equipment
Producer prices, intermediate materials
Year
and
month
PRICE MOVEMENTS-Continued
332c. Change
over 6-month
spans'
333. Index
(Ann. rate,
percent)
(1967-100)
333c. Change
over 1-month
spans'
(Percent)
333c. Change
over 6-month
spans'
334. Index
(Ann. rate,
percent)
(1967 = 100)
334c. Change
over 1-month
spans'
(Percent)
334c, Change
over 6-month
spans'
(Ann. rate,
percent)
1982
January
February
March
311.6
311.1
310.1
0.3
-0.2
-0.3
-0.5
-0.7
-0.6
275.2
274.5
276.0
0.6
-0.3
0.5
4.9
4.4
4.4
278.2
278.3
277.5
0.7
0.0
-0.3
2.3
1.3
2.7
April
May
lune
309.0
309.1
309.8
-0.4
0.0
0.2
-0.7
-0.6
0.2
276.8
277.9
279.5
0.3
0.4
0.6
3.9
5.4
4.3
277.8
277.4
280.1
0.1
-0.1
1.0
2.3
3.1
3.8
July
August
September
310.5
310.2
310.4
0.2
-0.1
0.1
0.8
1.3
1.0
280.5
281.8
281.9
0.4
0.5
0.0
3.7
3.6
3.5
281.4
282.6
282.7
0.5
0.4
0,0
4.4
6.0
4.3
October
November
December
310.3
311.1
311.3
0.0
0.3
0.1
-0.5
-0.2
-0.8
281.9
282.8
284.3
0.0
0.3
0.5
2.6
2.3
2.8
283.8
285.6
286.1
0.4
0.6
0.2
1.4
0.6
0.0
January
February
March
309.8
309.9
309.1
-0.5
0.0
-0.3
-1.5
-1.3
0.0
284.1
285.0
285.8
-0.1
0.3
0.3
2.9
2.6
1.9
283.4
283.4
282.7
-0.9
0.0
-0.2
-0.8
-1.5
-1.0
April
May
June
307.9
309.1
311.3
-0.4
0.4
0.7
1.6
2.3
4.1
285.9
286.5
287.0
0.0
0.2
0.2
2.4
2.7
1.9
282.6
283.5
284.7
0.0
0.3
0.4
0.8
1.5
2.4
July
August
September
312.2
313.4
315.3
0.3
0.4
0.6
5.5
4.9
3.8
287.5
288.8
288.5
0.2
0.5
-0.1
1.9
1.8
2.0
284.6
285.5
286.1
0.0
0.3
0.2
2.9
2.0
1.4
October
November
December
316.2
316.6
317.1
0.3
0.1
0.2
3.1
2.7
2.6
288.6
289.0
289.8
0.0
0.1
0.3
2.1
2.0
2.8
286.6
286.3
286.7
0.2
-0.1
0.1
2.9
3.0
3.5
January
February
March
317.0
317.6
319.3
0.0
0.2
0.5
2.1
2.4
2.9
290.5
291.7
292.5
0.2
0.4
0.3
4.0
3.4
r3.1
288.7
289.8
291.0
0.7
0.4
0.4
2.8
2.8
r2.5
April
May
June
319.5
320.3
321.6
0.1
0.3
0.4
2.5
1.8
0.5
294.3
293.9
r294.2
0.6
-0.1
rO.l
3.3
3.1
2.6
290.6
290.3
r290.2
-0.1
-0.1
0.0
1.8
0.6
-0.7
July
August
September
321.0
320.5
320.1
-0.2
-0.2
-0.1
0.6
295.2
296.2
296.3
r0.3
0.3
0.0
0.2
291.3
290.7
290.0
r0.4
-0.2
-0.2
-0.5
October
November
December
320.5
0.1
294.6
-0.6
289.9
0.0
1983
1984
See note on page 80.
Graphs of these series are shown on page 48.
'Changes are centered within the spans:
86
1-month changes are placed on the 2d month and 6-month changes are placed on the 4th month.
NOVEMBER 1984 ItCII
OTHER IMPORTANT ECONOMIC MEASURES
B
PRICES, WAGES, AND PRODUCTIVITY—Continued
WAGES AND PRODUCTIVITY
Average hourly compensation, all employees,
nonfarm business sector
Average hourly earnings, production workers, private nonfarm economy, adjusted'
Year
and
month
Current-dollar earnings
340. Index
(1977-100)
340c. Change
over 1-month
spans'
(Percent)
Current-dollar compensation
Real 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 *
(Ann. rate,
percent)
345. Index
(1977 = 100)
345c. Change
over 1-quarter
spans 2
(Ann, rate,
percent)
345c. Change
over 4-quarter
spans 2
(Ann. rate,
percent)
1982
January
February
March
145.1
145.2
145.7
1.2
0.1
0.3
6.6
6.5
6.8
93.2
93.0
93.5
0.8
-0.1
0.5
3.3
2.2
1.0
15O!7
April
May
June
146.5
147.6
148.1
0.5
0.7
0.4
5.5
6.5
6.4
93.7
93.5
92.9
0.2
-0.2
-0.7
-0.6
0.4
-0.3
152! 9
July
August
September
149.0
149.9
150.3
0.6
0.6
0.2
6.1
5.1
5.6
92.9
93.2
93.4
0.0
0.3
0.2
-0.6
0.3
3.5
155.6
October
November
December
150.9
151.3
152.2
0.4
0.3
0.6
5.2
5.0
4.5
93.4
93.6
94.5
0.0
0.3
0.9
4.2
4.5
3.6
157! 5
January
February
March
152.9
153.6
153.6
0.4
0.5
0.0
4.4
4.6
3.8
94.8
95.3
95.1
0.4
0.5
-0.2
3.1
2.5
1.0
159! 7
April
May
June
154.2
154.7
155.1
0.4
0.3
0.2
3.7
2.4
3.4
94.8
94.8
94.9
-0.2
0.0
0.1
0.3
-1.9
-1.1
16L0
July
August
September
155.6
155.4
156.2
0.4
-0.1
0.5
3.7
3.2
3.5
94.9
94.4
94.5
0.0
-0.6
0.2
-0.3
-0.5
-0.1
"16K9
October
November
December
157.1
157.2
157.8
0.5
0.1
0.4
3.7
4.0
3.7
94.7
94.6
94.9
0.2
-0.2
0.3
-0.3
0.8
1.2
163." 7
January
February
March
158.4
158.5
159.1
0.4
0.1
0.4
3.6
3.1
3.2
94.8
94.8
95.1
0.0
-0.1
0.3
1.4
0.7
0.7
165'.9
April
May
June
159.9
159.6
160.3
0.5
-0.2
0.4
3.0
2.6
3.3
95.4
94.9
95.2
0.3
-0.5
0.3
0.7
-1.5
-1.7
167! 4
July
August
September
160.8
160.6
161.7
0.3
r-0.2
0.7
P2.2
95.2
94.1
94.3
0.0
r-1.2
0.2
p-2.8
October
November
December
pl61.6
pO.O
P94.1
p-0.2
10.6
Y.'l
5.8
i'.'i
7.4
6'.0
5.0
5^3
19(3
5.7
3.3
3^9
2.3
3.9
4.5
3.9
1984
5.4
pi!3
3.5
pl69io
p3.8
See note on page 80.
Graphs of these series are shown on pages 49 and 50.
' A d j u s t e d f o r o v e r t i m e (ill m a n u f a c t u r i n g o n l y ) a n d i n t e r i n d u s t r y e m p l o y m e n t s h i f t s .
"Changes are centered within the spans:
1 - m o n t h c h a n g e s a r e p l a c e d o n t h e 2d m o n t h , 6 - m o n t h c h a n g e s a r e p l a c e d o n t h e 4 t h m o n t h , 1 - q u a r t e r c h a n g e s a r e p l a c e d o n t h e 1st m o n t h o f t h e 2d q u a r t e r , a n d 4 - q u a r t e r c h a n g e s a r e p l a c e d on t h e m i d d l e m o n t h o f t h e 3d q u a r t e r .
licit
NOVEMBER 1984
37
OTHER IMPORTANT ECONOMIC MEASURES
PRICES, WAGES, AND PRODUCTIVITY—Continued
B
m
348. First year
average changes
Real compensation
346. Index
(1977=100)
Output per hour, all persons, private
business sector
Negotiated wage and benefit
decisions, all industries ©
Average hourly compensation, all employees,
nonfarm business sector—Continued
Year
and
month
WAGES AND PRODUCTIVITY—Continued
346c. Change
over 1-quarter
spans'
346c. Change
over 4-quarter
spans 1
(Ann. rate,
percent)
(Ann. rate,
percent)
(Ann. rate,
percent)
370. Index
349. Average
changes over
life of
contract
(Ann. rate,
percent)
(1977 = 100)
370c. Change
over 1-quarter
spans'
370c. Change
over 4-quarter
(Ann. rate,
percent)
(Ann. rate,
percent)
358. Index of
output per hour
all persons,
nonfarm
business sector
' (1977=100)
1982
6.6
January
February
March
96! 5
April
May
June
96!<5
July
August
September
96.6
October
November
December
97.4
1.9
2.5
1.2
100! 9
i!s
2.6
0.3
100! 3
6.2
4.7
2.4
100! 9
2.3
3.4
3.3
i.-3
99!i
1.2
106! 3
3!3
10CL5
3.4
ioi!6
3!i
103! 6
3!5
104 ! i
3.3
104.4
2.7
4.8
ioi'.6
2'.0
1983
99! 8
-2.3
2.1
2.6
0.2
-O!6
»
January
February
March
98! 7
5.3
April
May
June
98.5
July
August
September
98.0
October
November
December
98*. 1
-1.6
-1.0
102! 2
4.4
3.6
5.0
4.3
2.8
104! 3
-o! 6
0.1
5.9
103! 6
O!6
-1.8
2.1
1.4
i!s
4.9
3.1
1.4
104.7
-o! 3
1984
January
February
March
98! 2
April
May
June
98! i
July
August
September
0.4
5.1
4.7
PO!2
-0.1
3.5
4.0
105.7
3.2
p3.6
p0.2
p9B.Z
p2.9
2
4.9
106.' 6
107.0
.......
105!
p3.3
pl.7
pl07!5
pl06!6
October
November
December
See note on page 80.
Graphs of these series are shown on paps 49 and 50.
'Changes are centered within the spans:
on the middle month of the 3d quarter.
88
1-quarter changes are placed on the 1st month of the 2d quarter and 4-quarter changes are placed
NOVEMBER 1984 ItCII
OTHER IMPORTANT ECONOMIC MEASURES
LABOR FORCE, EMPLOYMENT, AND UNEMPLOYMENT
m
Civilian labor force
Year
and
month
441. Total
(Thous.)
442. Employed
(Thous.)
CIVILIAN LABOR FORCE AND MAJOR COMPONENTS
Labor force participation rates
Number unemployed
451. Males
20 years
and over
452. Females
20 years
and over
453. Both
sexes, 16-19
years of age
(Percent)
(Percent)
(Percent)
37. Total
(Thous.)
444. Males
20 years
and over
445. Females
20 years
and over
446. Both
sexes, 16-19
years of age
(Thous.)
(Thous.)
(Thous.)
447. Fulltime
workers
(Thous.)
448. Number employed
part-time
for economic
reasons
(Thous.)
19(2
January
February
March
109 075
109 503
109 664
99,682
99,810
99,754
78.6
78.7
78.7
52 2
52 4
52 6
54.2
54.8
54.2
9,393
9,693
9,910
4,374
4,427
4,615
3 117
3 293
3 405
1 ,902
1 ,973
1 ,890
7,820
7,989
8,335
4,961
5,413
5,591
April
May
June
109 901
110 542
110 133
99,598
100,179
99,653
78.8
79.0
78.8
52 6
52 9
53 0
54.5
55.5
52.4
10,303
10,363
10,480
4 766
4 787
5 065
3 571
3 ,568
3 550
1 ,966
2 ,008
1 ,865
8,605
8,739
8,914
5,756
5,781
5,696
July
August
September
110,399
110,473
110,679
99,503
99,563
99,412
78.8
78.6
78.9
53 0
53 0
52 8
53.2
53.9
54.1
10,896
10,910
11,267
5 207
5 245
5 563
3 682
3 668
3 693
2 ,007
1 ,997
2 ,011
9,128
9,188
9,580
5,627
5,886
6,436
October
November
December
110,690
110,923
110,873
99,146
99,036
98,979
78.8
78.8
78.6
52 7
52 9
53 0
54.2
54.5
53.7
11,544
11,887
11,894
5,710
5,847
5,836
3 814
3 995
4 ,026
2 ,020
2 ,045
2 ,032
9,907
10,115
10,171
6,445
6,344
6,367
January
February
March
110 677
110 688
110 735
99,154
99,172
99,316
78.2
78.2
78.2
53 0
52 9
52 9
53.5
53.1
53.2
11,523
11,516
11,419
5 623
5 717
5 595
3 979
3 933
3 891
1 ,921
1 ,866
1 933
9,811
9,865
9,744
6,678
6,362
6,169
April
May
June
110 975
110 950
111 905
99,606
99,762
100,743
78.4
78.4
78.7
52 9
52 8
53 2
53.0
52.6
54.7
11,369
11,188
11,162
5 682
5 583
5 352
3 780
3 748
3 ,837
1 ,907
1 ,857
1 ,973
9,727
9,514
9,332
6,077
5,965
5,886
July
August
September
111 825
112 117
112 229
101,225
101,484
101,876
78.7
78.6
78.6
53 1
53 3
53 4
53.7
54.4
53.8
10,600
10,633
10,353
5 217
5 150
5 065
3 524
3 598
3 512
1 ,859
1 885
1 776
8,985
8,964
8,747
5,700
5,866
6,027
October
November
December
111 866
112 035
112 136
101,970
102,606
102,941
78.4
78.4
78.3
53 2
53 2
53 2
52.8
53.3
53.7
9,896
9,429
9,195
4 809
4 ,596
4 392
3 366
3 215
3 181
1 ,721
1 ,618
1 ,622
8,319
7,900
7,658
5,724
5,848
5,712
January
February
March
112 215
112 693
112 912
103,190
103,892
104,140
78.3
78.4
78.3
53 0
53 3
53 4
53.0
53.9
54.2
9,026
8,801
8,772
4 ,300
4 128
4 020
3 ,182
3 120
3 144
1 ,543
1 ,553
1 ,608
7,532
7,283
7,301
5,943
5,808
5,463
April
May
June
113 245
113 ,803
113 877
104,402
105,288
105,748
78.3
78.3
78.4
53 7
54 2
54 0
54.4
54.4
54.7
8,843
8,514
8,130
4 095
3 861
3 755
3 186
3 124
2 955
1 562
1 529
1 419
7,398
7,058
6,524
5,593
5,353
5,491
July
August
September
113,938
113,494
113,699
105,395
104,969
105,239
78.3
78.3
78.3
54 1
53 8
53 5
54.4
52.3
54.3
8,543
8,526
8,460
3 906
3 853
3 875
3 173
3 264
3 053
1 464
1 409
1 532
7,061
6,980
6,986
5,300
5,324
5,496
October
November
December
114,017
105,586
78.3
53 9
53.6
8,431
3 758
3, 204
1 470
7,000
5,479
19S3
1984
See note on page 80.
Graphs of these series art shown on page 51.
IMjI) NOVEMBER 1984
89
OTHER IMPORTANT ECONOMIC MEASURES
D
GOVERNMENT ACTIVITIES
m
DEFENSE INDICATORS
RECEIPTS AND EXPENDITURES
Advance measures of defense activit
State and local governments 1
Federal Government'
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.)
397.6
19,361
20,608
18,869
9,756
13,761
9,870
98,818
102,677
105,418
6,987
6,639
6,917
440 ,'i
405.7
20,793
17,786
17,503
10,518
9,657
14,296
108,428
108,841
109,654
6,386
5,273
5,752
33.3
445.9
412.6
17,669
16,448
18,387
8,610
8,928
10,296
110,885
110,787
111,857
5,055
5,762
4,149
818.9
31.5
451.6
420.2
16,476
18,599
24,396
5,423
10,209
17,298
111,866
113,647
119,788
5,978
5,769
10,410
6 1 9 .'8
805.6
34 .'i
458.3
424.2
21,340
19,502
20,444
16,908
13,042
7,351
122,628
123,803
125,570
9,419
5,105
6,751
-167!3
649^3
816.7
43.9
473.5
429.6
19,332
19,554
21,518
10,132
10,111
10,814
126,165
126,532
129,720
7,309
4,805
7,692
July
August
September
-I80!
640*. 2
821A
4 7 .'4
486
4 3 8 .'7
19,409
20,489
20,388
11,017
10,727
10,921
131,172
130,829
133,056
6,750
5,103
5,154
October
November
December
-180.5
655.0
835.5
5il2
495 ! 6
443.'8
17,201
24,242
24,204
2,820
16,140
9,463
131,130
139,062
141,820
6,566
9,004
7,600
January
February
March
-16L3
686! 4
847! 6
53." 9
509! 6
455 7
21,145
22,667
23,445
15,089
14,273
13,779
142,169
145,648
150,842
6,608
7,289
11,539
April
May
June
-163!7
704.3
868.0
54.5
520.6
466.1
19,185
20,342
19,781
11,398
9,459
11,644
149,369
149,452
151,538
6,248
5,679
6,990
p-176.9
p707.4
r884.3
p45!8
p523.3
477 ] 5
20,988
23,098
p22,191
10,101
12,647
(NA)
152,828
156,271
156,950
7,215
7,584
r6,586
(NA)
p4,725
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.)
January
February
March
-10613
622! 9
7 2 9 .'3
32.5
430.1
April
May
June
-112.0
625.9
737.9
34.4
July
August
September
-163.'7
609.9
773.6
October
November
December
-210.6
6 0 8 .*3
- 1 8 5 .'7
April
May
June
Year
and
month
500. Surplus
or deficit
1982
1983
January
February
March
.......
1984
July
August
September
October
November
December
(NA)
See note on page 80.
Graphs of these series are shown on pages 52 and 53.
'Based on national income and product accounts.
90
NOVEMBER 1984
itcn
OTHER IMPORTANT ECONOMIC MEASURES
GOVERNMENT ACTIVITIES-Continued
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
588. Manufacturers' shipments, defense
products
570. Employment in defense products
industries
(1967=100)
(Mil. dol.)
(Mil. dot.)
(Mil. dol.)
(Mil. dol.)
(Thous.)
Defense Department
personnel
577. Military,
active duty ©
578. Civilian,
direct hire
employment ®
(Thous.)
(Thous.)
564. Federal
purchases of
goods and
services
565. Federal
purchases as
a percent of
GNP
(Ann. rate,
bil. dol.)
(Percent)
1982
January
February
March
105.2
106.5
107.0
13,677
13,841
14,024
81,014
83,275
85,687
14,152
14,689
15,075
4,110
4,378
4,505
1,386
1,380
1,377
2,104
2,109
2,107
1,008
1,013
1,018
168^4
5.6
April
May
June
107.2
107.7
107.6
14,172
14,251
14,421
87,763
88,318
89,149
15,670
15,379
15,334
4,311
4,717
4,921
1,375
1,370
1,368
2,106
2,104
2,108
1,022
1,028
1,045
175.3
5.7
July
August
September
109.5
109.5
109.5
14,473
14,714
15,092
89,432
90,418
89,575
16,312
15,050
16,881
4,772
4,776
4,992
1,368
1,358
1,360
2,110
2,109
2,109
1,051
1,043
990
183'.3
6.0
October
November
December
111.9
113.6
115.9
15,402
15,594
15,938
90,534
91,326
96,654
15,972
17,087
16,779
5,020
4,977
5,082
1,356
1,354
1,350
2,108
2,114
2,113
1,016
1,024
1,027
191.0
6.1
January
February
March
116.4
116.1
117.0
16,545
16,458
16,774
100,886
100,716
102,234
17,058
16,772
16,804
5,187
5,275
5,233
1,344
1,346
1,342
2,120
2,122
2,127
1,024
1,028
1,030
194!7
6.1
April
May
June
118.2
117.6
118.0
16,782
17,185
17,295
104,234
103,804
106,114
17,529
16,854
17,189
5,309
5,235
5,382
1,345
1,349
1,354
2,123
2,120
2,116
1,029
1,040
1,049
199.3
e!i
July
August
September
120.4
120.2
121.8
17,400
17,803
17,508
107,287
106,908
106,596
16,975
18,455
17,463
5,577
5,482
5,466
1,361
1,344
1,364
2,113
2,115
2,123
1,053
1,052
1,026
200.9
6.0
October
November
December
122.9
124.0
125.7
17,358
17,363
17,759
107,522
110,839
112,761
17,781
17,329
18,726
5,640
5,687
5,678
1,369
1,369
1,378
2,120
2,126
2,124
1,034
1,040
1,045
207.2
6.0
January
February
March
128.3
129.5
130.1
17,812
18,217
18,537
113,650
115,087
120,894
18,448
17,801
17,794
5,718
5,852
5,731
1,382
1,391
1,400
2,130
2,135
2,140
1.042
1.043
1,046
213-. 4
6.0
April
May
June
133.2
133.1
133.5
18,925
19,492
19,989
121,158
121,088
122,100
18,525
18,609
18,953
5,985
5,749
5,977
1,408
1,420
1,433
2,138
2,141
2,143
1,049
1,061
1,071
220.8
6.1
135.9
rl36.8
rl38.0
20,776
21,263
22,206
123,319
124,774
rl25,223
18,405
19,181
rl9,469
5,993
6,129
r6,136
1,443
rl,452
pi,462
2,142
2,144
2,138
1,079
1,074
pi,043
r220.4
r6.0
P139.0
(NA)
pl23,638
pl8,688
p6,308
(NA)
p2,138
(NA)
1983
1984
July
August
September
,
October
November
December
See note on page 80.
Graphs of these series are shown on pages 54 and 55.
NOVEMBER 1 9 8 4
91
OTHER IMPORTANT ECONOMIC MEASURES
E
U.S. INTERNATIONAL TRANSACTIONS
Q [
Year
and
month
602. Exports, excluding
military aid shipments,
total
604. Exports of domestic agricultural
products
(Mil. dol.)
(Mil. dol.)
MERCHANDISE TRADE
606. Exports of nonelectrical machinery
(Mil. dol.)
612. General imports,
total
(Mil. dol.)
614. Imports of
petroleum and
petroleum products
(Mil. dol.)
616. Imports of
automobiles and parts
(Mil. dol.)
1982
January
February
March
18,584
18,614
18,462
3,258
3,590
3,225
4,346
4,054
3,997
22,573
19,570
20,018
6,810
4,396
4,290
2,389
2,135
2,596
April
May
June
18,005
18,124
18,823
3,400
3,527
3,332
3,932
3,957
4,211
17,714
20,477
21,187
3,894
4,180
4,855
2,389
2,785
2,626
July
August
September
18,060
17,463
17,320
2,789
2,763
2,648
4,305
3,856
4,197
19,849
22,930
20,581
5,624
5,731
4,903
2 / 5 5
2,795
2,370
October
November
December
16,671
15,852
16,347
2,681
2,783
2,637
3,829
3,686
3,719
21,006
18,892
19,154
5,433
4,757
4,694
2,444
2,130
2,189
January
February
March
17,232
16,312
16,690
3,128
2,985
2,811
3,644
3,359
3,499
20,127
18,804
19,528
4,166
2,859
3,261
2,329
3,019
2,676
April
May
June
16,095
15,655
16,959
2,891
2,715
2,977
3,513
3,433
3,265
19,914
21,446
20,916
3,252
5,284
4,203
2,746
3,001
2,851
July
August
September
16,486
16,582
17,257
3,072
2,973
3,322
3,655
3,290
3,718
21,828
22,714
22,451
5,220
4,828
5,538
2,988
2,762
2,547
October
November
December
17,033
17,063
17,298
2,979
3,109
3,175
3,689
3,686
3,683
24,333
23,115
22,976
5,232
5,036
3,713
3,154
3,425
3,724
January
February
March
18,326
17,212
17,727
3,457
3,198
3,336
4,009
3,848
3,764
26,586
26,147
26,771
4,456
4,258
5,287
3,776
3,323
3,728
April
May
June
17,522
17,950
17,633
3,030
3,245
2,715
3,811
3,976
3,746
28,368
25,569
25,356
6,348
4,783
4,671
4,011
3,682
3,630
July
August
September
19,442
18,036
18,177
3,236
3,022
3,153
3,790
3,878
3,640
31,883
26,567
29,430
5,103
4,049
4,444
4,010
3,648
4,681
October
November
December
(NA)
(NA)
(NA)
(NA)
(NA)
(NA)
1983
1984
See note on page 80.
Graphs of these series are shown on page 56.
92
NOVEMBER 1984
I t C I I
OTHER IMPORTANT ECONOMIC MEASURES
E
U.S. INTERNATIONAL TRANSACTIONS—Continued
GOODS AND SERVICES MOVEMENTS (EXCLUDING TRANSFERS UNDER MILITARY GRANTS)
Goods and services
Year
and
month
667. Balance
(Mil. dol.)
668. Exports
(Mil. dol.)
Merchandise, adjusted 1
669. Imports
(Mil. dol.)
622. Balance
(Mil. dol.)
618. Exports
(Mil. dol.)
Income on investments
620. Imports
651. U.S. investments abroad
(Mil. dol.)
(Mil. dol.)
652. Foreign
investments in
the United
States
(Mil. dol.)
1982
January
February
March
2,270
90,082
87,812
-7,064
55,482
62,546
20,889
13,653
April
May
June
3,729
91,274
87,545
-5,803
55,H8
60,921
22,307
14,772
July
August
September
-3,231
87,158
90,389
-12,363
52,079
64,442
21,505
14,390
October
November
December
-3,908
80,936
84,844
-11,239
48,5i9
59,758
19,162
13,243
January
February
March
-1,370
81,111
82,481
-9,277
49,246
58,523
17,6118
12,380
April
May
June
-7,712
81,355
89,067
-14,870
48,745
63,615
18,973
12,995
July
August
September
-9,703
84,826
94,529
-17,5oi
50,437
67,938
20,802
13,630
October
November
December
-14,127
84,910
99,037
-19,407
51,829
71,236
19,609
14,490
-17,526
90,689
108,215
-25,855
53,935
79,790
23,300
15,552
p-22,301
p88,745
pill,046
p-25,736
p54,597
p80,333
p20,618
pl6,956
(NA)
(NA)
(NA)
p-33,278
p54,990
p88,268
(NA)
(NA)
1983
1984
January
February
March
April
May
June
„.
July
August
September
October
November
December
See note on page 80.
Graphs of these series are shown on page 57.
'Balance o f p a y m e n t s b a s i s : E x c l u d e s t r a n s f e r s u n d e r m i l i t a r y g r a n t s and D e p a r t m e n t o f D e f e n s e sales c o n t r a c t s
of Defense purchases (imports).
NOVEMBER 1984
(exports) and D e p a r t m e n t
93
OTHER IMPORTANT ECONOMIC MEASURES
INTERNATIONAL COMPARISONS
Q |
INDUSTRIAL PRODUCTION
727. Italy, index
of industrial
production
723. Canada,
index of industrial production
721. OECD'
European countries, index of
industrial
production
728. Japan,
index ol industrial production
725. West
Germany, index
of industrial
production
726. France,
index of industrial production
722. United
Kingdom, index
of industrial
production
(1967 = 100)
(1967~100)
(1967 = 100)
(1967=100)
(1967 = 100)
(1967 = 100)
(1967 - 1 0 0 )
(1967-100)
January
February
March
140.7
142.9
141.7
153
154
154
232.7
231.4
233.4
153
154
156
157
155
155
118
118
118
161.9
169.9
165.6
155.5
153.8
152.2
April
May
June
140.2
139.2
138.7
153
153
151
230.5
228.2
231.4
154
153
151
157
157
157
119
120
119
164.7
162.7
154.9
149.4
150.2
147.0
July
August
September
138.8
138.4
137.3
150
148
150
230.5
230.7
231.8
148
150
148
154
154
154
119
120
120
159.6
146.4
154.0
142.4
148.6
144.6
October
November
December
135.7
134.9
135.2
148
150
148
225.7
230.7
228.4
146
146
145
155
157
154
120
118
120
149.8
155.4
151.9
140.5
141.1
140.3
January
February
March
137.4
138.1
140.0
150
150
150
229.5
228.0
232.7
146
148
150
157
155
155
122
122
120
152.0
152.2
149.4
147.7
147.6
148.3
April
May
June
142.6
144.4
146.4
150
151
153
233.0
235.2
235.9
150
150
156
155
160
157
122
123
120
142.1
144.4
144.4
150.0
151.7
155.0
July
August
September
149.7
151.8
153.8
153
153
153
236.4
242.3
245.0
150
150
153
rl59
rl59
157
124
124
rl25
153.8
148.9
148.3
156.9
159.1
162.0
October
November
December
155.0
155.3
156.2
153
156
154
244.5
247.7
250.9
154
156
157
155
rl62
160
125
125
127
150.2
154.0
149.3
162.7
164.1
165.3
January
February
March
158.5
160.0
160.8
rl58
rl58
156
251.4
260.2
256.4
157
159
154
rl62
rl60
rl62
125
125
124
151.9
150.4
155.9
168.4
163.2
165.3
April
May
June
162.1
162.8
164.4
rl53
156
151
257.7
263.9
265.2
154
156
140
157
162
rl59
123
122
122
149.4
rl54.9
156.2
165.9
167.1
168.3
July
August
September
165.9
166.1
rl65.2
158
pl58
(NA)
r266.4
r268.4
(NA)
161
pl57
(NA)
rl65
pl65
(NA)
120
pl20
(NA)
154.1
P156.2
(NA)
174.2
pl73.3
(NA)
October
November
December
P165.2
Year
and
month
47. United States,
index ol industrial production
1982
1983
1984
See note on page 80.
Graphs of these series are shown on page 58.
'Organization for Economic Cooperation and Development.
94
NOVEMBER 1984
itcn
OTHER IMPORTANT ECONOMIC MEASURES
INTERNATIONAL COMPARISONS—Continued
Q
Japan
United States
Year
and
month
320. Index
(1967 = 100)
©
320c. Change
over 6-month
spans'
(Ann. rate,
percent)
738. Index
(1967 = 100)
©
CONSUMER PRICES
West Germany
738c. Change
over 6-month
spans 1
(Ann. rate,
percent)
735. Index
(1967 = 100)
©
France
735c. Change
over 6-month
spans'
(Ann. rate,
percent)
736. Index
(1967 = 100)
©
United Kingdom
736c. Change
over 6-month
spans 1
(Ann, rate,
percent)
732. Index
(1967 = 100)
©
732c. Change
over 6-month
spans 1
(Ann. rate,
percent)
1982
January
February
March
282.5
283.4
283.1
3.5
4.4
6.0
300.7
299.8
300.4
1.9
0.5
0.1
192.3
192.8
193.1
3.0
3.5
4.9
356.0
359.6
363.8
13.0
12.0
12.0
499.0
499.1
503.5
8.4
7.3
6.0
April
May
June
284.3
287.1
290.6
6.2
6.2
6.6
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
6.6
4.7
1.8
301.5
303.8
309.1
4.4
4.1
3.7
197.6
197.3
197.9
6.8
5.9
4.0
374.7
375.9
377.5
5.8
6.9
7.3
518.9
519.0
518.7
5.3
5.3
4.2
October
November
December
294.1
293.6
292.4
1.4
0.7
0.8
310.0
306.6
306.0
4.0
0.7
0.9
198.5
198.9
199.4
2.7
2.3
2.3
379.5
383.2
386.4
9.5
10.3
10.8
521.3
523.9
522.9
4.0
5.6
4.6
.293.1
293.2
293.4
1.4
2.3
3.3
306.6
305.5
307.5
-0.3
1.7
0.5
199.8
200.0
201.2
1.4
1.5
1.9
390.1
392.9
396.5
12.3
11.2
10.2
523.5
525.8
526.7
2.3
1.7
2.8
April
May
June
295.5
297.1
298.1
3.4
4.3
5.0
308.6
312.0
309.7
0.7
1.7
0.3
201.7
202.2
202.9
3.4
4.8
4.5
401.8
404.5
406.9
9.8
9.7
9.6
534.1
536.4
537.7
4.5
4.3
6.1
July
August
September
299.3
300.3
301.8
4.4
4.2
4.3
308.3
307.4
311.4
3.2
1.9
3.1
203.6
204.3
204.9
5.0
4.4
4.4
410.4
412.8
416.0
8.6
8.3
8.4
540.6
543.0
545.4
7.7
7.4
7.7
October
November
December
302.6
303.1
303.5
4.8
4.8
4.5
314.2
312.2
311.4
3.0
4.2
4.5
204.9
205.2
205.7
3.4
2.6
1.8
419.2
420.9
422.4
8.3
8.2
7.5
547.3
549.2
550.7
6.0
5.0
4.6
January
February
March
305.2
306.6
307.3
4.6
4.3
4.1
312.3
314.2
315.1
1.7
2.3
1.1
206.6
207.1
207.3
1.2
1.6
1.5
425.4
428.0
431.0
6.8
7.0
7.1
550.4
552.6
554.4
3.3
2.9
2.9
April
May
June
308.8
309.7
310.7
3.4
3.6
3.9
315.9
318.2
315.6
2.3
-0.3
0.1
207.7
207.8
208.6
1.0
0.7
1.1
433.6
436.2
438.4
6.8
7.0
7.0
561.8
563.9
565.3
3.2
5.1
5.0
July
August
September
311.7
313.0
314.5
3.7
316.2
313.4
318.5
(NA)
208.2
207.8
208.0
(NA)
441.5
443.7
445.9
(NA)
564.7
570.0
571.1
(NA)
October
November
December
315.3
.
1983
January
February
March
1984
(NA)
See note on page 80.
Graphs of these stries a n shown on page 59.
'Changes over 6-month spans are centered on the 4th month.
95
NOVEMBER 1984
itcn
(NA)
(NA)
(NA)
OTHER IMPORTANT ECONOMIC MEASURES
INTERNATIONAL COMPARISONS—Continued
Q
Canada
Italy
Year
and
month
737. Index
® 737c. Change
over 6-month
spans 1
(1967 = 100)
Q
CONSUMER PRICES-Continued
733. Index
© 733c. Change
over 6-month
spans 1
(Ann. rate,
percent)
(1967~100)
(Ann. rate,
percent)
STOCK PRICES
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)
(1967 = 100)
(1967-100)
(1967~100)
(1967-100)
1982
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
118.4
120.1
185.7
193.1
145.9
291.1
300.1
298.8
95.0
98.8
104.2
185.3
176.7
173.1
April
May
June
533.9
539.8
545.2
15.9
19.0
18.7
297.5
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
19.8
19.1
306.1
307.6
309.2
9.4
8.2
7.2
119.0
119.3
133.2
480.8
474.3
481.6
113.5
112.3
115.6
161.1
169.3
168.4
313.2
320.1
343.5
78.4
86.1
85.8
156.8
177.4
177.3
October
November
December
582.7
590.3
594.4
16.7
13.7
14.4
311.2
313.3
313.4
5.7
4.7
5.0
144.3
150.2
151.6
490.4
512.7
528.2
118.2 .
118.8
124.3
170.7
174.5
169.9
360.7
372.0
365.0
86.4
88.8
91.2
192.6
189.7
199.5
January
February
March
602.7
610.5
616.0
12.9
13.2
13.1
312.5
313.9
317.1
3.8
2.8
3.8
156.9
159.7
165.2
533.3
530.8
544.2
126.0
131.9
143.9
rl59.1
rl65.0
rl79.1
371.9
381.6
388.3
95.5
109.1
118.7
210.0
216.6
219.5
April
May
June
622.2
628.2
632.2
14.0
13.6
13.6
317.1
317.9
321.5
5.5
6.3
4.9
171.6
178.5
181.0
559.7
573.4
583.3
157.0
158.6
159.5
rl88.7
r200.4
rl96.8
410.4
403.7
426.1
115.8
111.6
110.3
240.0
251.8
260.2
July
August
September
638.5
641.1
649.4
13.6
12.5
12.0
322.9
324.5
324.5
5.8
5.7
5.3
181.6
176.7
181.8
598.7
606.4
619.7
169.0
166.9
164.7
r206.1
r220.2
r224.9
418.9
431.8
422.6
112.9
120.5
118.4
264.3
267.3
272.0
October
November
December
660.4
667.0
670.3
11.1
11.0
11.1
326.5
326.5
327.5
5.4
4.9
4.4
182.4
179.7
178.8
621.0
621.5
638.6
173.4
176.7
179.2
r225.3
r239.5
r247.6
411.2
424.1
432.6
111.6
112.7
112.8
251.1
273.6
268.6
January
February
March
678.3
685.8
690.6
10.7
10.7
11.1
329.2
331.1
331.9
4.3
4.2
3.0
181.0
171.1
171.3
687.6
699.6
736.1
185.3
182.3
178.4
r275.9
r263.4
261.1
457.2
457.2
485.3
125.3
128.7
128.5
259.5
259.5
260.0
April
May
June
695.4
699.6
703.8
10.0
9.8
8.3
332.7
333.3
334.7
2.9
2.5
3.2
171.4
170.3
166.6
776.0
744.6
711.2
177.9
178.0
175.8
285.4
277.1
272.3
495.0
489.6
468.7
124.9
122.5
119.6
252.0
p245.6
p242.6
July
August
September
705.9
708.0
713.0
7.0
336.6
336.6
336.9
2.3
164.3
178.9
180.7
701.3
728.8
738.6
167.2
172.0
178.3
r256.7
r274.3
r237.0
447.5
478.6
497.0
121.4
128.7
127.6
p2 3 4 . 0
P252.5
p256.6
October
November
December
720.1
179.3
P181.2
rp759.6
p786.7
185.2
pl86.9
rp295.0
p294.9
rp503.6
P522.4
pl26.7
P127.6
1983
.......
1984
337.5
rp257.1
p259.6
See note on page 80.
Graphs of these series are shown on page 59.
'Changes over 6-month spans are centered on the 4th month.
96
NOVEMBER 1984
itcn
APPENDIXES
B. Current Adjustment Factors
series
5 . Average w e e k l y initial c l a i m s , State
unemployment insurance
1 3 . New business incorporations
1
Mar.
Apr.
June
July
Feb.
144.9
103.3
91.0
92.7
84.1
90.0
107.0
99.7
96.1
106.7
100.6
106.2
102.1
99.9
1 5 . Profits after 2taxes per dollar of sales,
manufacturing
95.6
1 3
May
Jan.
Sept.
Oct.
Nov.
Dec.
86.8
81.9
91.4
102.5
124.6
103.1
90.9
105.8
92.8
100.8
Aug.
101.3
106.2
97.0
-1775
-1863
-1408
-237
-285
1370
54
1362
586
1031
885
485
100.5
99.9
99.7
99.7
99.7
99.5
99.8
99.6
100.0
100.3
100.4
100.9
113.3
96.3
106.8
100.1
89.8
87.3
88.5
85.7
120.7
116.5
95.3
100.3
90.6
84.6
108.1
95.2
92.3
80.1
78.5
77.8
189.9
97.2
99.9
104.5
543. Defense Department gross unpaid
obligations outstanding
103.3
102.7
102.7
103.2
101.3
98.7
97.1
94.0
97.7
99.2
99.5
100.3
570. Employment in defense products industries .
100.3
100.1
100.1
99.9
99.8
100.0
99.9
99.4
100.0
100.0
100.2
100.4
96.4
100.8
106.5
98.3
104.1
100.9
99.4
101.5
94.3
100.1
100.5
101.1
102.6
105.1
114.6
105.0
98.4
94.4
83.1
85.6
92.5
102.2
108.8
107.6
91.4
91.0
110.7
100.3
101.6
106.8
102.7
96.1
101.5
105.3
95.9
96.6
100.8
105.3
91.4
82.7
89.8
103.4
100.4
113.1
97.5
118.7
102.2
97.2
103.6
99.9
108.1
101.8
118.4
104.5
94.7
93.5
78.3
108.0
100.1
91.6
3 3 . Net change in mortgage d e b t
7 2 . Commercial and industrial loans
outstanding in current dollars*
5 1 7 . Defense Department
gross obligations
1
incurred
5 2 5 . Defense Department prime contract awards
.
5 8 0 . Defense Department net o u t l a y s '
6 0 4 . Exports of domestic agricultural products .
606. Exports of nonelectrical machinery
6 1 4 . Imports of petroleum and p r o d u c t s
6 1 6 . Imports of automobiles and p a r t s
1
1
. . . .
NOTE: T h e s e series are seasonally adjusted by the Bureau of Economic Analysis rather than by the source agency. Seasonally adjusted data prepared by the source agency will be used in BUSINESS CONDITIONS
DIGEST whenever they are a v a i l a b l e . For a description
of the method used to compute these f a c t o r s , see Bureau of the Census Technical Paper N o . 1 5 , THE X-ll VARIANT OF THE CENSUS
METHOD
II SEASONAL ADJUSTMENT
PROGRAM.
'Factors are the products of seasonal and trading-day f a c t o r s .
Q u a r t e r l y series; factors are placed in the middle month of the q u a r t e r .
'These q u a n t i t i e s , in millions of d o l l a r s , are subtracted from the month-to-month net change in the unadjusted monthly totals to
yield the seasonally adjusted net c h a n g e . These factors are computed b y the additive version of the X-ll variant of the Census Method II seasonal adjustment p r o g r a m .
'These factors apply to only the loans portion of this series.
97
C. Historical Data for Selected Series—Continued
Year
Jan.
Feb.
31.
1930...
1951...
1952...
1953...
1954...
1955...
1956...
195 7 . . .
1956...
195 9 . . .
1960...
1961...
19(2...
1963...
1964...
1965...
1966...
1967...
1968...
1969...
1970...
1971...
1972...
1973...
1974...
1975...
1976...
1977...
1978...
197 9 . . .
1980...
1961...
1982...
1983...
1984...
1.9
29.2
5.7
19.6
-4.7
4.5
9.1
6.6
•16.5
0.5
9.5
-3.5
7.0
2.2
6. S
11.5
10.2
12.9
11 . 3
11 . 0
0.3
10.2
7.0
,12.2
43.1
13.6
110.6
28.2
36 . 5
59.5
66.3
37 . 5
-21.7
-40.0
Mar.
-O.J
17.8
-1.1
2.2
-3.5
3.2
12.7
2.4
2.9
3.7
12.5
-2.6
7.0
3.7
4.5
6.4
17.7
7.1
9.6
16.1
12.7
11.5
7.7
28.9
38. 8
-8.4
27.4
33.9
39.3
58.2
60.4
64.5
-18.7
10.0
5.3
18.4
-0.2
5.4
-3.8
7.6
5.1
1.9
-5.7
5.3
9.2
-6.4
7.8
2.7
5.1
15.4
14.2
8.9
6.8
15.7
8.1
15 . 3
10.2
28.0
51.9
- 1 1 .7
26 . 5
36.0
62.3
44.8
59.4
29.9
- 3 .0
-44.1
54.
1950...
1951...
1952...
1953...
1954...
1955...
195 6 . . .
1957...
195 8 . . .
1959...
I960...
1961...
1962...
1963 . . .
1964...
1965...
1966...
1967...
196 8 . . .
196 9 . . .
1970...
1971...
197 2 . . .
1973...
1974...
1975...
1976...
197 7 . . .
1978.. .
1979...
1980...
1981...
1982...
1983...
1984...
33 6 3 2
45 2 4 2
43 2 7 9
4 7 '.'60
4 5 <J6 8
49 320
53,110
56.568
54 173
37 8 3 3
62 107
58 612
64 443
66 555
71 6 4 3
77 1 2 3
84 827
88 945
95.04 9
101 595
106 6 9 0
110 955
123 106
144 9 » 3
166 356
179 416
194 156
217 4 3 1
236 424
27 9 2 2 4
322 530
356 245
3 4 1 5 93
345,890
Apr.
3.6
16 . 6
-2.2
8.7
-4.6
0.8
13.1
3.7
-9.5
14.2
0.2
0.1
1.8
1.2
6.9
7 .4
12.2
6.6
14.5
12.2
15.2
12.2
15.2
26.7
34.7
-0.9
29.1
39.8
60.4
66.4
79.0
16.1
23.7
10.7
53 3 7 8
62 759
59 929
67 2 3 7
64 027
69,147
73.309
75 0 2 1
70 0 3 5
74 544
79 391
74 928
81.905
84 3 3 9
89 8 3 3
96 2 5 1
103 2 2 8
105 276
110 6 4 2
114 4 1 2
115 395
116 141
125 345
140 437
142 051
130 465
136 722
145 2 4 6
149 959
161 3 4 4
163 967
161 9 3 7
151 294
154 406
34 464
34 8 9 3
44 5 8 3
43 983
43.664
43 2 9 6
48 392
4 8 987
46 435
46 1 8 3
49 828
50 744
52 8 7 4
53 2 3 5
57 0 0 6
56 5 97
53 1 0 2
52 493
58 621
59 3 7 9
61 713
61 2 7 4
59 884
5 9 931
64 423
65 3 1 0
67 , 6 7 9
67 7 7 4
71 4 4 2
71.616
7? 347
78 986
87 1 7 9
85 3 3 3
88 335
88 8 3 1
95 0 9 4
95,883
102,213 103,090
107 1 5 8 1 0 6 , 3 9 4
1 1 2 191 1 1 3 1 5 3
122 6 1 4 124 722
147 1 4 2 148 545
168 5 1 8 172 005
1 7 8 . 7 2 4 1 7 3 , 7 83
196 244 1 9 7 . 9 5 8
1 2 1 , 2 7 3 224 998
2 4 3 35 5 2 4 6 6 2 7
280 7 7 9 290 886
323 824 318 705
35 6 6 7 0 3 5 6 , 5 0 7
347 076 346 824
3 4 2 7 4 2 34 8 2 2 7
54,487
61 1 1 4
60 393
68.165
6 4 7 86
69 727
72 733
7 5 306
6 8 806
7 5 '741
78 992
75 1 4 4
81.915
85 5 9 1
89 9 1 6
96 5 7 9
103 401
104 807
110 169
114,799
1 1 5 6 88
117 113
124 342
141 1 0 9
141 4 1 9
130 401
137 4 6 6
146 803
15) 698
160 5 9 8
162 3 1 4
161 6 91
154,569
153 1 1 8
June
Aug.
July
8.3
14.5
-4.5
3.9
-3.8
6.0
8.0
-0.1
-6.8
6.1
6.8
0.9
9.0
5.4
4.7
8.2
18.9
5.2
16.1
16.7
-0.5
13.6
20.4
34.9
57.3
-13.7
30.2
27.5
41.4
54.3
33.9
49.2
-52.7
9.3
55 2 0 8
60 0 1 7
60 220
68 894
64 4 3 5
71 1 0 6
73 0 4 7
74 7 7 4
67 7 88
76 6 2 4
78 497
76 4 4 6
83,031
85 6 92
89 6 5 3
98 4 9 1
U S 038
105 >33
1 1 0 7 81
1 1 5 3 88
114,637
1 1 7 7 80
126 127
140 651
142,020
126,653
138 305
148 043
134 342
164 158
158 487
161 5 2 1
1 5 4 775
1 5 5 3 85
35 4 7 4
43 2 5 0
43 76 7
4 8 93 5
46 6 4 0
51 3 3 4
53 6 6 0
55 7 7 0
5 2 2 86
60 322
61 6 3 7
59 467
65 4 6 1
68 420
72.744
79 42 9
86 731
8 8 871
95 9 4 4
103,863
105 . 8 4 7
114 0 3 0
125 8 3 4
149 591
173 6 5 0
176,717
200.092
226 , 7 7 4
256 . 8 7 6
286 . 0 4 9
313 . 6 5 7
359,240
345,177
351,012
36 6 86
43.566
44 228
48 904
45 8 6 6
51,467
53,768
55,651
52 4 5 7
60 9 7 5
60 6 4 9
60 1 7 7
65.429
68 222
73 4 5 0
79 241
86 2 9 5
89 0 7 1
96.750
103 9 1 8
107 2 5 6
114 993
127 216
1 5 0 5 92
176 022
176 925
2 0 0 3 95
227 261
25 8 7 0 5
2 96 5 1 6
310 887
35 7 6 3 3
350 022
360,488
38 462
43.172
44 346
48 398
46 3 4 9
51,645
54,124
56,119
53 3 1 5
61 1 3 4
60 6 0 4
61 1 3 4
65,041
66.792
73 0 6 3
79 3 6 3
87 3 6 7
89 7 3 1
97.752
104 453
107 9 2 0
116 9 6 6
127 8 2 8
151 5 5 3
177 805
179 872
204 186
229 174
260 606
294 6 2 8
310 471
357 6 5 8
345 717
368,971
57,205
59 4 9 4
6 1 6 83
68 575
63 8 6 9
72 1 7 3
73,009
73 3 7 5
67 7 6 6
78 627
77 831
77,047
83 0 9 6
85 8 8 0
92 1 5 5
97 8 6 3
103 6 6 8
105 6 8 3
111 3 93
115 5 5 2
U S 060
119 010
128 175
139 417
142 188
128 6 8 8
139,015
148 666
159 192
164 2 2 0
153 7 7 8
1 6 0 5 95
155 152
159,952
59,549
59 0 6 0
61 B21
67 7 6 9
64 . 7 1 3
72,160
73.331
73 8 2 4
68 991
78 6 8 6
77 7 6 8
78 412
82 6 5 7
86 6 7 3
91 8 5 4
98 149
104 , 9 2 8
105 , 7 3 0
112 226
115 8 2 0
115 520
120 5 1 0
128 4 1 8
139 0 5 9
141 776
130 030
140 575
149 543
159 3 6 8
162 , 0 7 3
153 ,7 99
161 2 4 9
152,840
163 , 6 0 0
IN
98
43 205
4 2 80 7
44 2 8 8
4 8 185
45 7 98
51 7 84
53 6 9 6
5 6 6 82
5 4 843
59 2 0 6
59 9 3 9
62 0 6 8
66,026
69 497
74,176
80 5 5 0
88 190
91 0 0 6
97 8 3 7
105,875
107.998
116 3 8 9
131 0 9 0
154 4 4 4
184 007
185,079
205,889
231 047
26 6 2 1 2
302 966
325 3 3 1
359,165
341 974
373 283
1972
63 9 9 6
57 8 9 3
60 4 9 9
6 8 6 84
64 486
72 4 3 6
70 2 0 6
73 5 2 5
6 9 715
78 403
77 4 0 6
77 5 2 0
83,032
87,967
93 3 1 7
99 9 0 8
104 306
105 6 1 !
113,689
116 3 1 9
115,497
119 624
128 656
141 031
1 4 1 6 83
131,127
140 920
150 1 2 8
158 843
162 964
1 5 5 7 45
160,428
1 5 2 873
162,835
NOTE:
Unless o t h e r w i s e notod, these series contain revisions beginning with
' T h i s s e r i e s c o n t a i n s rev 1s-Jens b e g i n n i n g w i t h 1 9 7 6 .
Sept.
Oct.
Nov.
Dec.
1 Q
17.8
0.1
10.8
2.6
-0.9
5.0
8.0
5.6
4.3
-4.8
1.9
4.9
8.7
6.7
13.9
4.8
13.8
6.9
10.1
16.5
7.7
12.5
19.4
24.0
64.7
16.6
49.9
46.4
41.3
16.1
28.9
40.1
-18.3
3 ! .4
41,024
42,703
45,721
47,828
45 , 8 4 2
52,907
54,439
55,801
54,980
59,377
60 , 5 1 8
62,179
66,142
69,485
75,051
80,662
88,085
90,806
98,797
106,686
108,580
117,262
132,829
154,695
183,997
186,963
207,579
232,321
266,934
305,308
334,763
357,138
342,109
379,229
24 . 0
2 5
5 8
-7 1
4 2
7 0
10.7
-2 1
3 5
-1 1
0 6
7 3
0 5
4 9
9 0
9 1
17 0
13 8
8 0
8 4
10 0
-1.0
18 8
40 4
54 5
-2.5
25 . 6
37 8
55 2
35 2
29 5
42 2
-66 8
27 4
17.4
3 2
3 7
-3. 4
-0 3
7 3
4 4
0 8
6 5
11. 9
-13. 6
1 2
1 3
0.5
8 9
9.7
14 2
13 4
8 1
13 4
3 0
14 9
16 1
53 9
57 7
4 6
28 0
40 4
60 2
43 4
38 4
-13 5
-26 2
34 6
40,665
43,193
47 139
47 5 4 0
46 o n
52,842
55,209
55 513
55 3 2 1
59 2 3 4
60 3 7 3
63 1 0 4
66,546
70 4 4 8
73 709
81 6 93
88 3 4 8
90 5 5 7
100,557
108 151
107 175
117 365
135 4 2 4
159 045
183 638
188 060
205 854
234 565
272 767
309 012
343 5 9 8
352 218
336,574
382,457
39 880
43 140
46,853
46,333
47,465
53 2 4 8
55 6 1 3
5 4 946
5 6 7 BO
59,049
59,728
63 7 4 2
67 3 9 5
69 655
74 669
83,254
88 0 3 8
93 0 2 9
101 4 8 7
107 265
105 933
1 1 9 797
138 4 2 0
162 874
183 173
188 008
210 304
237 3 4 9
275 0 2 1
310,406
3 4 6 25 9
3 4 9 607
33 9 3 4 4
386 564
43,028
42,733
47,496
45,602
48,603
53,391
56,255
53,83 7
57,209
60,924
59,668
64,131
66,297
71,149
77,226
83,965
88,275
95,521
101,196
107,505
109,508
121,380
141,300
162,988
178,856
190,195
216,681
240,716
277,513
312,491
349,806
346,228
338,065
395,682
59,609
59,731
65,902
66,422
64,675
73,048
73,726
72,696
72,388
75,911
77,448
80,707
84,204
88,464
92,311
100,419
105.032
105.993
114,201
118,558
112,985
120 , 3 0 7
134 , 3 0 8
141,917
136,219
132,533
139,880
151,999
161 , 9 0 5
162,093
160 , 6 1 1
156,808
149,396
166,410
57,766
59,579
65,634
64,806
66,600
73,631
74,094
71,739
73,512
7 5 ,85 8
76,432
81,464
85 , 3 8 2
87,382
93,336
101,807
104,659
108,632
114,882
116,841
111,314
122,580
136,194
143,785
134,143
132,486
142,600
152,665
162,217
160 , 8 3 9
160,311
155,967
131,182
168,444
61 016
5 8 975
66 8 6 2
63,706
68 159
73 7 1 9
74 7 9 9
70 1 6 7
71,670
77,973
76 4 7 2
81 7 88
83 942
89 304
96 5 2 0
102 186
105 0 1 4
111 1 2 3
114 176
1 1 6 83 8
114 727
123 611
137 923
141,555
130 0 0 2
1 3 3 721
145 3 3 4
153 890
162 380
161 , 2 1 8
160,531
1 5 4 151
1 5 0 6 84
171 8 1 2
2 3
21 8
1.5
9 1
-4 0
5 1
9 0
3 6
-6 4
3 2
10 4
-4 2
7 3
2 9
5 4
11 1
14 0
9 6
9 2
14.3
7 1
12 3
8 3
29 7
44 6
-2 2
24 9
32 7
46 1
54 2
62 0
44 0
-16 8
-24 7
1977.
6 0 , 894
59,313
63,820
66,729
64,431
73,336
73,135
73,046
71 , 2 7 5
75,679
77,846
79,631
8 3 , 3 89
87,396
94,014
99,389
1 0 4 , 7 86
106,606
112,615
117,435
114,984
120,471
131,980
138,644
138,289
132,541
141,045
151,270
160,135
162,257
158,616
159,179
151,628
165,070
IV Q
6.4
13.5
-1.5
6.1
-4.3
4.9
9.2
1.5
-6.0
10.4
3.2
0.0
5.6
4.1
5.7
8.6
17.2
4.9
13.5
13.5
9.2
10.4
14.4
31.2
50.3
-6.7
36 . 0
30.4
47 . 7
59.5
44.3
33.4
-5.1
5.0
12
3
2
5
-3
6
6
5
0
1
1
4
6
5
2
6
3
0
5
8
4
2
0
8
4
2
4
9
; 1
9.8
15 7
8 4
10 4
14 9
11 6
11 6
17 3
24 9
57 3
12 4
33.7
34 1
39.5
45 1
29 6
36 3
-13.0
25 . 5
Annual
10.3
10 . 4
2.1
3.7
-2.9
6.4
7.8
1.8
-1.9
5.0
2.6
0.9
5.5
4 .4
6.0
9.4
15.9
8.0
10. 9
13.6
8.2
10.2
14.2
31.3
52.6
2.6
30.2
32 . 5
47.4
51.1
41.9
32.2
-18.1
8.8
20. 5
2 8
6 3
-5. 2
0. 0
8 5
6 7
-3 3
4 6
4 8
-4 7
3 5
2 7
4 8
5 9
8 2
16 6
9 1
10 5
11 8
5.0
6.5
16 7
39 4
58 1
6 7
26 1
32 8
56 2
45 6
31 6
IS 1
-37.4
29.4
TOTAL FOR PERIOD
123,573
102,989
110,622
126,283
129,066
133,808
129,988
127,592
141,488
133,461
130,239
132,341
146,237
145,385
139,475
145,139
138,586
137,820
142,079
138,855
149,892
159,481
154.446
156,376
167,077
159,219
161,552
159,939
164,296
170,171
167,540
168,616
159,768
169,310
158,058
163,581
175,833
179,207
182,431
17 9 , 1 2 0
185,094
179,769
182,890
1 80 , 6 80
190,977
177,427
180,778
164,850
200,238
194.17 6
195,931
197,492
202.008
211,25 2
205 , 4 3 4
208,909
214.701
219,257
223,463
225,604
233,456
248,912
238,033
241,946
264,661
257,389
260,393
263,297
279,107
267,673
2 6 6 , 111
271,496
303,240
286,026
290,446
295,626
306,938
312,234
322,921
317,793
320,202
322,616
321,023
324,887
358,542
336,299
345,989
350,107
370,442
415 , 1 4 4
3 80,87 8
392,438
484,907
440,670
451,736
463,006
527,477
506,879
550,069
545,667
S31.923
533,514
566,263
554,860
389,058
632,839
604,673
618,957
712,630
663,703
693,260
683,209
825 , 3 0 1
726,406
776,187
793,278
931,909
85 0 , 8 8 9
877,193
908,393
965,059
935,015
980,044 1039,663
1069,422 1074,531 1074,834 1048,113
1035,493 1040,916 1029,746 1013,983
1036,859 1080,471 1122,693 1164,703
DOLLARS 1
6 4 897
59 351
61 7 2 8
67 3 0 2
64 0 9 6
72 152
72 4 7 8
74 0 2 0
70 9 1 2
75 9 5 4
76 9 9 0
79 314
83 6 0 9
87,344
93 0 8 6
99 3 4 5
104 9 7 0
107 2 4 2
111 9 8 6
116,902
115 117
119 355
130 745
138 5 6 4
139,976
131,590
140 863
150 907
1 6 0 7 83
163 0 9 5
155 6 2 0
160,504
152 012
163 471
III Q
II Q
AVERAGE FOR PERIOD
20.0
2 8
9 3
-5 0
-J 8
11 3
5.0
-8 6
3 8
3 5
-1 0
1 9
6 2
9 1
-0 2
5 7
18 6
0 1
15 3
13 7
2.1
5.5
15 3
23 8
62 1
18.1
24.6
20.3
53 1
58 3
27 0
16 7
-19.2
26 2
CURRENT DOLLARS
42 054
42.082
43 4 5 2
49 372
46 1 8 0
51 8 8 5
31 8 0 4
56 1 3 1
53 7 5 8
60 537
60 223
60 603
65 3 2 4
69,927
74.236
80 7 3 4
87 0 2 2
89 6 84
98.992
105 2 3 2
108,309
116.456
128 519
153 867
182 065
182 , 818
205.489
219 892
260 132
300 119
319 950
358,531
345 663
3 7 0 1 81
MANUFACTURING AMD TRADE SALES
( M I L L I O N S OF DOLLARS)
55 8 5 3
58 9 7 8
60 987
68 879
6 4 95 8
71 8 6 9
73 2 1 3
73 6 3 6
67 5 0 9
77 7 5 8
78 900
75 8 7 8
83 1 0 7
86 5 0 8
91 1 2 9
98 749
1 0 4 151
105 6 0 3
110 918
115 929
113,809
118 178
127 177
140 276
142,246
128,321
139 169
148 176
159 133
160 0 7 9
155 299
162,170
153 4 4 7
155 865
21 . 9
5.2
-1.0
2.8
-5.4
8; 9
5.4
7.0
-1.8
1.9
-2.1
5.4
5.8
5.8
4.7
12.0
17.2
12.3
15.1
13.9
12.3
13.2
24.8
24.0
46.7
14.5
19.6
36.7
43.4
35.1
26.1
38.6
-23.6
34.9
-3.2
5.4
-3.0
9.5
-4.2
6.6
5.7
3.0
-2.4
8.4
4.5
2.4
4.6
5.3
2.7
12.3
16.0
5.9
6.0
14.4
14.7
9.0
7.6
26.6
60.4
6.1
31.7
19.1
33.9
84.0
33.8
30.2
2.8
9.2
7.3
9.4
2.2
5.7
-4.6
8.0
6.4
0.9
-1 . 7
10.8
2.5
-1.1
5.9
5.6
5.6
10.3
20.3
3.0
10.0
11.7
12.8
5.4
7.6
32.0
58.9
-5.5
48.7
23.9
41.4
57.7
20.1
34.9
13.8
-5.0
MANUFACTURING AND TRADE SALES IN
( M I L L I O N S OF DOLLARS)
57.
1950...
1951...
1932.. ,
1953...
1954...
1 95 5 . . .
1 956 . . .
195 7 . . .
1956...
1 95 9 . . .
1960...
1961...
1962...
1963...
1964...
1965...
1966...
1967...
1968...
1969...
1970...
1971...
1972...
1973...
1974.. .
1973...
1976...
1977...
1978...
1979...
1980...
1981...
1982...
1983...
1984...
May
OF MAH1! FACTDRIR G ARB TRADE 1 H V 8 N T 0 R I B S . TOTAL
t 5 0 * VALU
(ANNUAL B A T S . BILLIONS OF DOLLARS)
CHA RGB 1M
TOTAL FOR
163 073
183 890
180,742
204,296
193 248
2 0 9 980
219 089
2 2 5 101
206 629
226,909
236 880
226 518
2 4 6 851
255 622
26 9 4 0 2
291 321
311 667
315 4 1 6
331 592
344 599
345 720
351 034
375 814
4 2 2 197
4 2 5 4 90
387 519
412 493
4 4 0 0 94
45 7 9 9 9
486 300
4 8 4 82 8
485 149
460 638
4 6 2 90 9
172 607
177 532
184 491
205 2 2 3
193 5 4 0
216 202
219 553
2 2 0 835
2*04 2 6 6
233 071
234 4 9 9
231 337
2 4 8 860
25 9 0 6 1
275 138
294 761
312,153
317 , 0 1 6
334 537
3 4 7 301
344 389
357,698
383,770
41 8 1 5 2
426 210
387 039
4 1 8 759
4 4 6 , 3 85
477,693
486 372
4 6 2 B16
484 014
461 439
4 7 9 411
1 8 9 7 87
176 557
186 0 4 7
202 715
193 0 1 3
211 924
215 819
220 591
211 902
230 036
232 242
236 465
250 030
2 6 2 107
280 417
298 6 4 2
314 , 0 6 1
319,460
3 3 8 290
350 656
345 598
359,450
391,381
418,239
419 948
395 258
4 2 2 828
452,305
479 761
488 316
470 0 4 1
4 8 0 111
456,513
491 336
1
1
1
1
1
1
1
1
2
2
2
1
3
3
3
4
4
4
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 , 6 0 3
883,025
962,347
043,740
084,387
175,338
259,886
288,728
, 3 9 0 , 937
558,902
840,319
130,092
186,560
445 , 5 2 7
752,802
121,172
5 6 8 , 3 84
, 919,781
266,900
120,138
404,726
PERIOD
178,391
178,285
198,416
194,934
199,434
220,398
222,619
214,602
217,570
229,742
230,352
243,95 9
253,528
265,150
282,167
304 , 4 1 2
314,165
325 , 7 4 8
343,259
352,237
339,026
366 , 4 9 8
408,425
421,2S7
400,364
398,740
427,814
43 8 , 5 5 4
496,502
484,150
481,114
466,926
451 ,262
506,666
703,858
716 264
749 698
807 1 6 8
7 7 9 235
864,504
877,080
881 1 2 9
840 3 6 7
921 7 5 8
933 9 7 3
938,279
999,269
1 042 540
1 107 1 2 4
1 189 136
1 253 141
1 217 6 4 0
1,347 678
1 3 9 4 7 93
1 374 733
1 436 680
1 559 390
1 , 6 8 6 445
1 672 012
1 5 6 8 556
1 6 8 1 894
1 797 3 3 8
1 901 955
1 945 1 3 8
1, 899 469
1 916 2 0 0
1 829 852
1 940 368
(NOVEMBER
1984)
C. Historical Data for Selected Series—Continued
Year
Jan.
Feb.
Mar.
70 .
1950...
1951...
195 2 . . .
1953...
1954...
1955...
195 6 . . .
195 7 . . .
1 95 8 . . .
1 95 9 . . .
1960...
1961...
1962...
1963...
1964...
1965...
1966...
1967...
1968.. .
1969.. .
1970...
1971...
1972...
1973...
1974...
197 5 . . .
1976...
1977...
1978...
197 9 . . .
1980...
1981...
1982...
1983...
1984...
79
88
99
105
106
102
107
113
112
111
118
119
122
128
133
140
150
166
174
182
190
194
200
209
222
231
225
235
247
261
264
264
26 8
25 7
68
45
29
30
26
94
80
45
03
57
30
62
32
10
81
92
14
74
62
62
53
65
40
82
14
80
58
70
15
05
71
21
00
82
79
89
99
105
105
103
108
113
111
111
119
119
122
128
134
141
151
167
174
183
191
195
200
210
222
230
226
236
248
261
264
265
267
257
50
15
22
54
93
01
85
26
52
94
40
30
94
50
20
44
60
60
93
55
27
11
46
93
93
13
48
44
26
76
B4
37
06
60
80
90
99
106
105
103
109
113
111
112
120
118
123
128
134
142
152
168
175
184
191
196
200
211
224
229
227
237
250
262
264
265
266
256
71 .
1 95 0 . . .
1951. ..
195 2 . . .
1953...
1954...
195 5 . . .
1956...
195 7 . . .
195 8 . . .
1 95 9 . . .
1960...
1961. . .
1962...
1963...
1964.. .
1965...
1966...
1967...
1968.. .
1969...
1970...
1971...
197 2 . . .
1973...
1974...
197 5 . . .
1976...
1977...
1978.. .
1979...
1980...
1981...
1982...
1983...
1984...
49
62
70
74
75
73
80
87
87
87
92
94
96
101
106
112
121
137
145
156
169
178
188
204
236
286
290
320
354
403
455
494
521
502
66
26
72
01
73
55
27
85
67
14
92
43
18
24
02
46
76
86
74
61
39
41
35
63
83
94
10
90
10
42
06
55
24
21
77.
1950...
1951...
195 2 . . .
1953...
1954...
1955. . .
1 95 6 . . .
195 7 . . .
1958...
1 95 9 . . .
1960...
1961...
1962...
1963...
1964...
1965...
1966...
1967...
196 8 . . .
196 9 . . .
1970...
1971...
1972...
1973...
1974...
1975...
1976...
1977...
197 8 . . .
1979...
1980...
1981...
1982...
1983...
1984...
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
49
63
70
74
75
73
81
88
87
87
93
94
96
101
106
112
123
138
146
157
170
179
188
207
240
286
292
323
357
40 8
460
499
519
503
RATIO
49
41
66
57
66
49
47
51
60
50
49
60
49 .
52
49
46
45
58
58
60
65
68
60
49
56
78
65
62
65
62
61
63
77
67
1
1
1
1
1
1
1
1
1
1
' 1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
63
74
63
19
44
82
33
05
92
44
96
21
76
56
40
99
24
45
54
95
44
36
99
04
06
24
39
72
38
27
10
93
67
04
Apr.
08
18
32
01
51
71
04
23
20
51
32
85
77
97
63
99
93
44
02
31
57
12
92
53
44
84
53
08
48
18
96
34
85
06
80
91
99
106
105
103
n o
113
110
113
120
118
123
129
135
143
153
169
176
185
192
196
201
212
224
228
228
23 8
252
263
266
265
267
255
42
52
33
98
00
60
09
51
68
86
11
84
84
11
27
61
90
10
10
04
54
76
80
37
97
08
50
13
37
06
68
15
45
89
81
93
99
107
104
104
110
113
110
114
120
118
124
129
135
144
155
169
177
186
192
197
203
213
226
226
229
23 9
253
264
266
266
265
256
50
65
70
74
75
74
81
88
87
87
94
93
97
101
106
114
124
139
147
159
171
180
189
209
244
285
2 94
326
362
412
465
502
519
499
07
27
62
64
12
45
75
21
44
89
73
68
41
78
82
28
42
19
10
26
12
64
84
37
39
27
60
72
58
00
05
42
42
37
50
66
70
75
74
74
82
88
86
89
94
93
97
101
107
114
125
139
148
16D
172
181
191
211
247
285
297
330
367
417
471
503
521
500
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
45
50
65
54
64
46
49
51
64
47
53
55
49
50
50
45
46
60
58
60
67
67
59
50
58
81
65
60
62
60
67
64
72
65
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
37
65
43
37
74
52
84
52
65
07
74
68
56
88
39
89
44
74
31
28
38
66
11
60
28
19
02
04
62
54
63
77
40
26
51
67
70
75
74
75
83
88
86
89
95
93
98
102
107
115
127
140
149
161
172
182
192
214
252
284
299
332
371
422
474
507
517
501
30
14
09
31
59
23
70
50
20
29
62
95
65
58
60
18
38
43
40
13
13
44
08
24
25
54
23
07
35
13
82
11
30
22
81
94
99
107
104
105
111
113
109
115
120
119
125
130
136
145
157
169
177
186
192
198
203
214
227
227
231
23 9
253
264
265
266
265
255
97
42
72
76
05
19
20
64
99
16
84
03
26
30
24
08
09
51
94
67
81
06
36
25
96
12
11
78
79
81
88
69
53
65
06
87
05
69
42
02
51
51
08
58
31
75
31
33
78
58
02
18
65
67
34
80
81
50
06
04
54
33
07
06
46
86
01
04
51
68
70
76
74
75
84
88
85
90
95
93
98
102
108
116
128
140
150
162
173
183
193
217
256
283
303
334
374
426
476
510
518
500
67
65
23
17
04
69
04
58
94
48
52
66
81
80
25
44
72
43
48
65
41
25
45
17
96
58
60
33
52
87
13
.77
.16
.62
INVENTORIES TO SALES,
(RATIO)
44
55
63
55
62
44
50
54
64
46
52
57
49
49
48
45
48
60
59
60
69
66
59
51
58
78
64
61
59
64
72
64
74
64
1 42
1 57
1 61
1 56
1 64
1 44
1 52
1 55
1 63
1 45
1 .55
1 .54
1 50
1 .51
1 .47
1 .47
1 50
1 60
1 59
1 61
1 67
1 66
I 58
1 .53
1 59
1 76
1 .65
1 61
1 59
1 .61
1 .74
1 .66
1 .71
1 .60
'This s e r i e s c o n t a i n s r e v i s i o n s b e g i n n i n g w i t h 1 9 8 1 .
This series contains revisions beginning with 1 9 7 9 .
June
July
Aug.
80 93
95 3 2
99 70
1 0 8 56
1 0 3 56
1 0 5 77
111 73
1 1 3 88
1 0 9 84
1 1 5 84
121 16
1 1 9 16
1 2 5 65
1 3 0 92
1 3 6 56
146 32
1 5 8 14
1 6 9 92
1 7 8 32
187 74
1 9 3 72
1 9 8 17
2 0 3 37
2 1 5 43
2 2 7 77
2 2 4 88
231 10
2 4 0 70
2 5 4 21
266 64
2 6 5 70
267 4 4
2 6 5 85
2 5 5 86
MANUFACTURING AND TRADE INVENTORIES
( B I L L I O N S OF DOLLARS)
CONSTANT-DOLLAR
46
46
64
55
64
48
50
50
62
48
51
59
50
50
49
46
47
60
59
60
65
67
61
49
58
76
65
61
62
63
63
64
73
68
May
MANUFACTURING AND TRADE INVENTORIES IN 1 9 7 2
( B I L L I O N S OF DOLLARS)
2
1 .38
1 60
1 .61
1 .59
1 .61
1 .46
1 .52
1 .54
1 .59
1 .46
1 .55
1 .52
1 .52
1 .50
1 .48
1 .48
1 .50
1 .60
1 59
1 .61
1 .67
1 .64
1 58
1 .54
1 .61
1 .75
1 64
1 60
1 .59
1 63
1 .73
1 .65
1 .74
1 .56
51
69
69
76
73
76
84
88
85
91
95
93
99
103
108
117
130
140
150
163
174
184
194
219
26 2
284
306
335
377
433
478
513
518
501
82
96
99
108
102
106
112
114
109
116
121
119
126
131
136
147
159
170
179
188
194
198
204
215
227
224
231
242
255
266
265
26 7
264
256
Sept.
79
40
68
50
95
39
11
48
55
05
00
67
04
28
72
17
38
94
44
59
37
73
90
14
04
67
36
13
46
76
18
98
88
31
83
96
100
108
102
106
112
114
n o
115
121
120
126
131
137
147
160
171
180
189
194
199
206
216
229
226
233
243
256
265
264
26 9
264
256
Nov.
Dec.
lQ
ll Q
84
97
101
107
102
106
112
113
110
115
121
120
127
132
137
147
162
171
181
190
193
199
206
217
229
225
233
243
25 7
266
264
26 9
263
257
68
50
91
84
41
78
76
82
48
88
41
52
36
58
93
69
14
33
13
20
99
56
89
04
63
16
33
97
18
06
70
56
25
29
86
98
102
107
102
106
113
113
110
115
121
121
127
132
138
148
163
172
181
190
194
199
207
219
230
224
233
244
25 8
265
264
270
260
258
11
08
51
12
78
90
28
55
72
87
52
17
46
92
80
39
76
58
52
48
24
21
76
00
55
07
70
92
36
11
36
77
61
06
86
98
102
106
102
107
113
113
111
117
120
121
127
133
139
149
165
173
181
191
194
200
208
221
233
225
235
246
25 9
264
264
26 9
25 9
25 9
59
51
95
78
62
20
22
61
42
36
11
59
78
06
82
25
17
85
89
14
04
01
02
30
00
19
08
18
67
45
09
47
40
02
80
90
99
106
105
103
109
113
111
112
120
118
123
128
134
142
152
168
175
184
191
196
200
211
224
229
227
23 7
250
262
264
265
266
256
08
18
32
01
51
71
04
23
20
51
32
85
77
97
63
99
93
44
02
31
57
12
92
53
44
84
53
08
48
18
96
34
85
06
81
94
99
107
104
105
111
113
109
115
120
119
125
130
136
145
157
169
177
186
192
198
203
214
227
227
231
239
253
264
265
266
265
255
97
42
72
76
05
19
20
64
99
16
84
03
26
30
24
08
09
51
94
67
81
06
36
25
96
12
11
78
79
81
88
69
53
65
56
69
71
76
72
78
86
89
86
91
95
94
100
105
110
119
134
142
154
167
176
186
199
225
276
288
314
344
388
442
485
521
513
509
38
77
58
99
85
33
05
16
26
23
80
88
91
04
01
35
19
52
36
52
48
60
04
38
46
20
08
54
84
99
77
23
30
17
5 8 37
6 9 98
7 2 06
76 4 0
73 20
7 8 91
86 94
8 8 99
86 55
91 14
95 85
95 50
1 0 0 95
105 4 4
1 1 0 76
1 2 0 11
135 60
143 6 8
155 02
1 6 8 22
1 7 7 31
186 52
2 0 0 61
2 2 8 74
281 0 0
2 8 7 99
3 1 6 21
347 69
393 44
4 4 5 93
4 8 8 23
5 2 4 75
5 0 7 73
5 1 1 45
59
70
72
76
73
79
87
89
87
92
94
95
101
105
111
120
136
144
155
169
177
187
201
233
285
288
318
351
398
449
491
523
505
514
82
24
38
12
18
52
30
05
09
13
72
60
06
48
50
91
79
80
70
34
56
76
95
24
81
38
54
06
46
54
43
62
55
34
50
65
70
74
75
74
81
88
87
87
94
93
97
101
106
114
124
139
147
159
171
180
189
20 9
244
2 85
294
326
362
412
465
502
519
499
07
27
62
64
12
45
75
21
44
89
73
68
41
78
82
28
42
1 9
10
26
12
64
84
37
39
27
60
72
58
00
05
42
42
37
51
68
70
76
74
75
84
88
85
90
95
93
98
102
108
116
128
140
150
162
173
183
193
217
256
283
303
334
374
426
476
510
518
500
67
65
23
17
04
69
04
58
94
48
52
66
81
80
25
44
72
43
48
65
41
25
45
17
96
58
60
33
52
87
13
77
16
62
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
42
67
54
68
51
45
51
62
55
51
57
49
52
49
45
46
57
56
59
64
69
62
51
56
79
68
62
60
60
64
65
75
72
51
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
47
46
65
55
65
48
49
51
62
48
51
58
49
51
49
46
46
59
58
60
66
67
60
49
57
78
65
61
63
62
64
64
74
67
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
I
1
1
1
1
1
TOTAL BOOK VALUE 2
40
10
99
96
70
24
52
83
74
18
90
87
19
23
48
48
06
92
98
85
64
00
08
39
00
09
24
92
35
87
95
28
39
38
53
69
69
77
73
76
84
89
85
91
95
94
99
103
108
118
131
141
152
165
175
185
196
221
265
285
307
338
3 80
436
481
516
516
504
23
53
91
19
24
98
96
42
59
33
72
32
67
72
86
48
49
94
24
00
67
10
15
40
89
30
87
97
97
79
12
50
42
28
54
69
70
77
73
77
85
89
85
90
95
94
100
104
110
118
132
142
153
166
176
186
197
223
271
286
312
342
384
43 8
483
519
514
506
26
65
65
58
61
46
59
55
58
48
57
54
51
49
46
46
52
61
57
61
68
66
58
53
61
71
64
60
60
64
71
67
74
57
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
28
62
61
61
61
47
55
55
54
53
57
51
51
50
47
48
52
59
60
61
69
66
57
55
62
71
64
60
59
64
70
67
74
57
IV Q
III Q
Annual
END OF PERIOD
73
80
90
56
88
25
68
88
24
58
50
27
71
80
77
30
29
29
02
57
29
52
13
33
57
57
58
78
17
18
96
13
38
78
71
53
80
41
17
39
63
88
95
94
88
72
39
28
02
88
64
52
08
38
30
14
76
40
29
69
.03
.84
41
13
.53
84
.90
98
MANUFACTURING AND TRADE,
1
1
1
1
1
1
1
1
1
1
1
1
1
1
I
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
Oct.
DOLLARS
1 .38
1 .63
1.58
1 .63
1.60
1 .45
1.54
1 .57
1 .55
1 .53
1 .56
1 .51
1 .52
1 .51
1 .47
1.48
1 .53
1 .61
1 .60
1 .61
1 .69
1 .66
1 .56
1 .56
1 .66
1 .71
1 .66
1 .61
1 .60
1 .63
1 .67
1 .69
1.74
1 .56
83
96
100
108
102
106
112
114
110
115
121
120
126
131
137
147
160
171
180
189
194
199
206
216
229
226
233
243
256
265
264
269
264
256
73
80
90
56
88
25
68
8B
24
58
50
27
71
80
77
30
29
29
02
57
29
52
13
33
57
57
58
78
17
18
96
13
38
78
86
98
102
106
102
107
113
113
111
117
120
121
127
133
139
149
165
173
181
191
194
200
208
221
233
225
235
246
259
264
264
269
25 9
259
59
51
95
78
62
20
22
61
42
36
11
59
78
06
82
25
17
85
89
14
04
01
02
30
00
19
08
18
67
45
09
47
40
02
86
98
102
106
102
107
113
113
111
117
120
121
127
133
139
149
165
173
181
191
194
200
208
221
233
225
235
246
259
264
264
26 9
25 9
259
59
51
95
78
62
20
22
61
42
36
11
59
78
06
82
25
17
85
89
14
04
01
02
30
00
19
08
18
67
45
09
47
40
02
82
24
38
12
18
52
30
05
09
13
72
60
06
48
50
91
79
80
70
34
56
76
95
24
81
38
54
06
46
54
43
62
55
34
59
70
72
76
73
79
87
89
87
92
94
95
101
105
111
120
136
144
155
169
177
187
201
233
2 85
288
318
351
398
449
491
523
505
514
82
24
38
12
18
52
30
05
09
13
72
60
06
48
50
91
79
80
70
34
56
76
95
24
81
38
54
06
46
54
43
62
55
34
44
65
55
65
54
45
52
59
53
52
58
49
51
50
48
46
56
59
59
62
72
64
53
54
73
69
64
60
59
64
65
74
73
53
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
41
58
61
59
60
46
52
55
58
49
55
53
50
50
48
46
51
60
59
61
68
66
57
53
63
74
65
61
60
63
68
68
74
59
END OF PERIOD
TOTAL 3
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
42
63
55
62
58
46
53
57
53
53
57
49
51
50
49
47
54
62
59
60
72
66
54
53
69
70
67
61
59
64
65
72
76
55
T h i s series contains revisions beginning with 1977.
54
69
70
77
73
77
85
89
85
90
95
94
100
104
110
118
132
142
153
166
176
186
197
223
271
286
312
342
3 84
43 8
483
519
514
506
AVERAGE
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
49
65
56
65
54
45
53
58
51
53
59
49
49
52
49
46
56
59
58
63
74
63
53
52
72
69
64
60
59
65
65
74
72
53
41
57
62
57
62
45
51
54
62
46
54
54
50
50
48
47
49
60
59
61
68
65
58
53
59
76
64
61
59
63
73
65
73
60
71
53
80
41
17
39
63
88
95
94
88
72
39
28
02
88
64
52
08
38
30
14
76
40
29
69
03
84
41
13
53
84
90
98
59
70
72
76
73
79
87
89
87
92
94
95
101
105
111
120
136
144
155
169
177
187
201
233
2 85
288
318
351
398
449
491
523
505
514
FOR PERIOD
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
31
63
61
61
61
46
56
56
56
51
57
52
51
50
47
47
52
60
59
61
69
66
57
55
63
71
65
60
60
64
69
68
74
57
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
(NOVEMBER
1984)
gg
C. Historical Data for Selected Series—Continued
Year
Jan.
525.
1950.. .
1951...
195 2 . . .
1 953 . . .
1954.. .
1955 . . .
1956 . . .
195 7 . . .
195 8 . . .
195 9 . . .
1 960 . . .
1961 . . .
1962 . . .
1963 . . .
1964...
1965...
1966...
1967...
196 8 . . .
196 9 . . .
1970...
1971...
1972...
1973...
1974...
1975...
1976...
1977...
1978...
197 9 . . .
1980...
1981...
1982...
1983...
1984...
Feb.
Mar.
DEFENSE DEPARTMENT
3 976
2 528
3 6 82
616
1 049
1 474
1 756
2 103
1 625
1 850
1 989
3 271
2 429
2 372
2 097
2 952
3 364
2 887
3 398
2 855
2 508
3 520
2 824
3 218
3 731
3 536
3 354
4 85 3
5 771
5 491
7 155
9 756
16 9 0 8
3 493
5 479
2 295
564
1 306
1 3 88
1 927
1 232
1 898
1 754
2 186
2 180
2 611
2 95 8
1 846
2 906
3 930
3 445
3 441
2 623
2 704
2 982
2 899
3 144
4 061
3 101
4 369
4 741
4 554
6 839
7 514
13 761
13 0 4 2
3 001
2 959
2 3 81
826
1 028
1 502
1 563
2 243
1 966
1 904
1 987
2 552
2 463
1 966
2 451
2 956
3 034
3 124
2 904
2 904
3 104
3 025
2 947
2 990
3 168
6 713
4 819
4 909
5 903
5 887
7 590
9 870
7 351
543 .
1 950 . . .
1951 . . .
1 95 2 . . .
1 953 . . .
1954...
1955 . . .
1 956 . . .
1 95 7 . . .
1 95 8 . . .
1 959...
1 960 . . .
1961...
1962...
1 963 . . .
1964.. .
1 965 . . .
1 966 . . .
1 967 . . .
1968...
1 969.. .
1970...
1971...
1972...
1 973 . . .
1974...
1975...
1976...
1977...
1978...
1979...
1980...
1981. . .
1982 . . .
1963. . .
1984.. .
38
32
23
26
22
23
21
22
24
24
23
23
27
35
36
39
32
30
32
34
37
40
41
49
57
66
71
82
98
122
361
38
254
31
715
23
293
26
21
051
663
23
21
509
795
23
633
24
531
24
003
23
434
23
275
27
35
350
616
37
531
39
561
32
181
30
32
879
34
280
446
37
05 2
39
358
41
25 8
50
304
58
702
49
17 8
71
83
087
818 102
6 2 8 123
Apr.
PRIME
2
2
2
1
I
1
2
2
2
1
2
2
2
2
2
3
3
3
2
2
2
2
2
4
4
3
4
4
4
6
8
10
10
DEFENSE
587
35 9 7 4
293
30 030
24 5 2 6
6 85
581
26 1 2 9
22 3 6 9
95 7
641
23 6 82
21 2 0 3
314
041
2 2 931
24 6 5 9
506
304
24 0 3 6
777
23 5 9 5
466
23 6 9 8
621
28 355
719
35 6 6 8
236
37 4 9 0
147
38 472
041
31 4 9 4
851
30 5 4 1
832
32 742
34 9 7 6
426
673
37 817
40 1 9 8
875
41 8 6 6
45 9
22 9
50 761
401
58 986
455
67 6 6 3
665
73 17 9
608
84 8 8 3
677 105 4 1 8
8 0 3 125 5 7 0
May
June
July
892
088
462
068
468
404
312
142
204
726
274
295
023
502
843
461
026
488
825
591
928
9 85
568
372
023
489
303
970
688
944
505
518
132
3
3
2
1
1
3
1
2
1
2
2
2
2
2
4
4
3
2
2
2
3
3
3
3
4
6
4
6
7
9
10
760
059
038
326
841
7 82
808
043
893
252
85 5
140
413
640
150
978
040
203
070
545
231
7 86
171
211
814
543
654
204
825
901
967
657
111
2
4
2
1
1
2
1
2
2
1
2
2
2
1
2
3
3
3
2
2
2
3
2
3
3
3
4
7
4
6
7
14
10
759
292
042
116
287
024
093
228
222
963
229
127
366
910
3 90
6 93
566
067
744
896
324
154
897
402
6 80
85 4
300
081
144
450
041
296
814
4 097
1 158
2 035
886
971
1 196
1 619
1 511
2 192
2 151
1 993
1 888
2 216
2 5 80
2 313
3 940
3 545
3 937
2 896
2 717
2 916
3 074
2 024
3 2 95
3 635
2 535
4 624
3 928
5 650
6 211
8 845
8 610
11 0 1 7
34
29
24
25
22
23
21
22
24
23
23
23
29
35
36
37
30
30
32
35
38
39
42
51
59
69
73
84
108
126
90 7
435
536
85 7
768
532
042
718
939
602
557
762
597
296
914
656
979
737
976
140
456
918
494
236
348
360
912
994
428
165
34
28
24
25
23
23
21
22
24
23
23
24
30
36
37
36
30
31
32
35
38
40
42
52
60
67
74
85
108
126
51
769
33
405
26
475
25
287
24
330
24
656
24
22
148
539
22
24
515
126
22
914
23
261
24
322
32
6 83
37
622
38
855
35
30
279
098
29
772
32
6 93
35
389
38
086
40
970
43
170
52
723
60
7 83
67
25 2
74
165
86
841 109
532 129
118
567
919
440
762
666
007
955
707
242
824
043
651
030
417
421
445
787
077
417
877
90 9
95 9
612
625
549
996
592
126
654
720
50
33
25
051
6 95
7 93
11
23
47
58
58
50
48
51
47
53
54
55
60
71
69
69
81
96
106
107
97
82
78
81
81
82
81
80
82
92
97
100
105
116
9
3
0
7
0
4
5
9
6
2
7
0
9
0
0
6
1
8
5
1
1
0
2
0
9
1
0
6
6
3
2
9
2
4
11
26
47
59
57
50
48
52
47
52
55
54
61
70
68
70
82
97
108
106
95
79
79
81
81
79
80
80
80
92
97
100
106
116
9
9
5
9
6
4
1
2
9
7
0
6
9
5
4
4
3
2
4
3
5
8
4
7
6
9
6
9
8
4
6
5
5
1
12
30
47
61
56
50
47
52
48
52
55
54
62
70
68
71
83
97
107
106
93
79
79
81
81
79
80
80
83
93
97
100
107
117
0
6
6
1
8
1
1
1
9
9
3
5
7
I
3
6
0
8
3
9
7
3
4
2
8
7
0
8
9
0
4
7
0
0
12
33
48
61
55
50
47
52
49
53
54
54
63
70
68
72
84
98
105
106
91
79
79
80
81
80
79
81
84
92
97
101
107
118
3
5
2
9
8
0
4
3
7
2
9
6
3
0
1
5
8
3
9
3
7
3
7
8
1
2
1
9
9
1
6
5
2
2
12
34
49
63
55
50
47
51
50
53
55
54
63
70
66
74
86
98
108
106
89
80
79
80
82
80
79
81
84
92
97
102
107
117
7
6
7
0
0
0
5
5
2
7
5
6
7
0
9
1
3
5
2
1
8
3
6
9
7
9
2
7
9
4
4
.0
7
6
13
36
51
63
54
49
47
51
51
53
54
54
64
69
66
75
87
98
109
104
88
78
80
81
82
81
78
81
85
92
97
101
107
118
2
4
3
4
1
5
5
8
6
8
1
6
4
9
5
0
6
2
5
8
2
8
3
2
1
6
7
8
6
2
7
7
6
0
IN
Sept.
2
2
1
2
2
1
2
1
2
2
2
2
2
2
3
3
3
2
2
2
2
3
3
3
4
4
4
6
6
9
10
10
109
188
741
437
251
3 83
833
662
870
968
885
172
13
38
51
63
53
49
47
51
51
54
55
55
65
69
66
76
88
99
109
104
86
78
80
81
82
81
78
82
87
92
97
102
109
120
100
Dec.
II Q
IQ
III Q
333
116
004
454
597
091
297
308
793
250
033
032
635
163
419
541
720
836
6 80
113
982
725
235
504
102
985
255
85 5
232
893
325
296
921
2 823
2 143
95 9
2 271
1 136
1 972
1 5 94
1 880
1 93 7
1 327
2 494
2 814
2 119
1 967
2 7 90
3 3 83
3 626
3 903
2 987
3 464
2 606
2 946
2 992
3 863
2 866
4 897
5 279
4 343
5 619
5 639
4 466
5 423
2 820
3 462
3 295
265
481
1 310
1 934
1 819
1 704
2 102
1 938
2 308
2 946
1 814
2 075
2 995
3 225
3 308
3 378
2 734
2 746
3 092
3 589
3 347
3 667
3 062
4 114
4 247
6 509
6 029
6 773
9 817
10 2 0 9
16 1 4 0
3 399
3 148
3 90
913
2 194
1 891
1 671
2 328
1 298
1 922
2 491
2 044
2 149
1 997
2 988
3 513
3 479
3 613
2 765
3 1 81
3 066
2 532
3 292
3 051
3 413
4 729
5 332
4 568
5 825
9 835
9 049
17 2 9 8
9 463
10
10
8
2
3
4
5
5
5
5
6
8
7
7
6
8
10
9
9
8
8
9
8
9
10
13
12
14
16
8
22
33
37
470
966
358
006
383
364
246
578
489
508
162
003
503
296
3 94
814
328
45 6
743
3 82
316
527
670
352
960
350
542
503
228
217
25 9
3 87
301
9
9
6
3
3
5
4
7
6
5
6
6
6
7
7
10
10
10
8
8
7
8
8
10
11
10
13
18
13
20
23
34
31
411
439
542
510
5 96
210
213
413
319
941
358
562
802
052
3 83
132
632
758
639
032
483
925
636
985
517
886
257
255
657
295
513
471
057
10
4
4
4
2
5
4
5
5
6
6
6
7
6
7
10
10
10
8
7
8
8
8
10
11
11
13
13
16
20
27
27
32
IV Q
PERIOD
671
276
128
107
799
3 95
226
511
949
601
169
087
573
706
507
6 46
955
946
577
612
991
437
221
352
156
172
502
707
629
292
674
834
665
END OF
49
33
24
349
287
076
47 41 9
33 4 4 2
23 911
26 4 6 3
23
22
23
23
24
910
846
225
210
46 3
23 5 5 5
22 5 5 8
23 2 5 7
23,945
24 1 7 9
365
34 154
36 2 4 9
36 6 2 5
39 104
39 960
34 4 1 4
33 6 1 3
30 2 2 1
29 9 3 8
31 0 6 9
30 6 7 1
33 3 5 0
33 985
36 666
36 2 85
39 6 2 1
39 894
42 140
41 80 5
42 5 5 8
43 6 6 3
54 2 6 2
52 697
62 028
62 730
70 6 2 9
79 2 1 9
76 7 45
75 1 3 3
89 85 7
91 8 9 6
1 1 0 7 8 7 111 857
130 829 133 056
9
8
1
3
4
5
5
5
5
5
7
7
6
6
8
10
10
10
8
9
8
9
9
10
9
13
14
15
17
22
23
32
28
6 84
5 86
614
665
640
797
0 84
912
337
187
293
804
0 82
039
773
121
413
894
486
391
764
06 7
631
5 81
341
740
85 8
420
473
247
332
930
423
40,236
33,267
20,642
13,288
14 , 4 1 8
20,766
18,769
24,414
23,094
23 , 2 3 7
25,982
28,456
27,960
27,093
30,057
39,713
42 , 3 2 8
42,054
35 , 4 4 5
33,417
33 , 5 5 4
35 , 9 5 6
35 , 1 5 8
41 , 2 7 0
42,974
49,148
54,159
61,885
64,187
81 , 0 5 1
96 , 77 8
128,622
129,446
45
33
23
26
22
23
22
23
24
24
535
673
512
168
107
6 84
452
022
241
547
44 707
33 716
23 0 3 4
26 3 4 4
22 140
23 7 5 5
22 3 2 3
23 2 2 0
23 955
24 831
40
33
23
26
22
23
21
22
24
24
23
23 0 0 8
23 0 4 2
23
26 1 0 5
26 4 9 6
26
34 5 83
3 4 942
35
36 9 9 3
36 831
37
40 1 7 8
40 1 2 7
39
33 2 3 4
32 912
32
30 0 85
29 7 0 3
30
31 5 4 6
31 4 5 0
31
34 0 2 6
34 2 5 5
34
36 6 82
36 86 9
36
39 4 2 9
39 7 7 2
40
41 8 4 5
41 46 8
41
47 3 6 6
47 3 85
48
4 775
55 4 7 9
55
63 0 0 6
63 4 4 0
64
63 7 5 7
69 910
70
77 7 77
78 183
79
92 5 7 5
91 3 5 4
93
111 8 6 6 1 1 3 6 4 7 1 1 9
1 3 1 1 3 0 1 3 9 0 6 2 141
050
1 86
374
518
062
755
599
866
522
430
050
275
746
064
033
587
7 81
077
046
225
83 9
137
309
497
771
470
006
936
827
7 88
820
35
30
24
26
22
23
21
22
24
24
23
23
28
35
37
38
31
30
32
34
37
40
41
50
58
67
73
84
105
125
974
030
526
129
369
6 82
203
931
659
036
595
698
355
668
490
472
494
541
7 42
976
817
198
866
761
986
663
17 9
883
41 8
570
51.118
33 5 6 7
26 9 1 9
25 4 4 0
24 7 6 2
24 6 6 6
24.007
22 955
22 . 707
24 242
22 8 2 4
23 0 4 3
24 6 5 1
32 0 3 0
37 4 1 7
38 421
35 4 4 5
30 7 8 7
29 077
32 417
35 877
38 909
40 95 9
43 6 1 2
52 625
60 5 4 9
67 9 9 6
74 592
86 1 26
109 654
129 720
050
166
374
518
062
755
599
866
522
430
050
275
746
064
033
587
7 81
077
046
225
83 9
137
309
497
771
470
006
936
827
7 88
820
40,050
33,186
23 , 3 7 4
26 , 5 1 8
22,062
23 , 7 5 5
2 1 , 5 99
22,866
24 , 5 2 2
24 , 4 3 0
23,050
23 , 2 7 5
26,746
35,064
37 , 0 3 3
3 9 ,5 87
3 2 , 7 81
30,07 7
31,046
34,225
36 , 83 9
40 , 1 3 7
41 , 3 0 9
48,497
55 , 7 7 1
64,470
70,006
79,936
93,827
1 1 9 , 7 88
141,820
PERIOD
47
33
23
26
419
442
911
463
23
22
23
23
24
555
558
257
945
179
23
365
34 1 5 4
36 6 2 5
39 960
33 6 1 3
29 9 3 8
30 6 7 1
33 985
36 2 85
39 894
4 1 805
43 6 6 3
52 697
62 730
70 6 2 9
76 7 45
91 8 9 6
111 857
133 056
40
33
23
26
22
23
21
22
24
24
23
23
26
35
37
39
32
30
31
34
36
40
41
48
55
64
70
79
93
119
141
EQUIPMENT
9
5
6
9
9
5
5
2
7
0
5
0
6
3
4
2
8
1
7
5
8
3
2
8
6
0
7
0
5
9
9
6
5
4
15
39
52
63
52
49
48
51
52
53
55
55
66
69
66
76
90
100
110
103
85
78
80
80
83
80
79
82
87
91
97
102
109
120
2
8
4
4
8
1
1
3
2
7
7
3
5
5
7
8
0
0
3
1
8
3
1
7
0
6
6
0
9
9
7
8
5
2
16
41
53
63
52
49
48
50
52
54
55
56
66
69
67
76
91
101
110
102
84
78
79
81
83
81
79
82
89
93
98
103
109
121
T h e s e s e r i e s c o n t a i n no r e v i s i o n s b u t are r e p r i n t e d f o r the c o n v e n i e n c e of t h e u s e r .
Nov.
STATES
OUTSTANDING
23
33
36
39
41
43
53
61
68
74
87
n o
131
Oct.
THE UNITED
TOTAL FOR
4 241
1 002
1 089
767
1 231
2 108
1 310
1 6 92
1 964
2 200
2 143
2 167
2 722
1 963
2 775
3 165
3 6 90
3 173
3 001
2 7 82
3 093
2 638
2 962
3 553
4 419
3 652
4 623
4 924
4 947
7 188
9 504
8 928
10 7 2 7
DEPARTMENT GROSS UNPAID OBLIGATIONS
( M I L L I O N S OF DOLLARS)
OUTPUT OF DEFENSE AND SPACE
(INDEX:
1967=100)
1950 . . .
1951...
1952...
1 95 3 . . .
1954...
1 95 5 . . .
195 6 . . .
195 7 . . .
1 95 8 . . .
1 95 9 . . .
1960. ..
1961...
1962...
196 3 . . .
1964...
1 965 . . .
1966 . , .
1 967 . . .
196 8 . . .
1 96 9 . . .
1 970 . . .
1971...
1 972 . . .
1 973 . . .
1 974...
1975 . . .
1 976 . . .
1 977 . . .
197 8 . . .
1979...
1980...
1981...
1
982...
1 983 . . .
1984...
Aug.
CONTRACT AWARDS FOR WORK PERFORMED
( M I L L I O N S OF DOLLARS)
8
1
2
4
3
2
5
2
5
0
6
4
7
8
2
9
1
2
2
8
9
1
9
5
2
2
4
6
0
8
1
0
5
8
18
42
55
62
51
49
49
49
52
53
55
57
66
69
67
77
92
103
107
101
83
77
79
81
83
78
80
79
89
95
99
104
111
122
1
8
0
7
8
0
8
0
5
9
1
7
9
8
6
9
5
0
2
7
6
7
8
7
7
5
4
6
3
4
2
5
9
9
19
45
56
58
51
49
50
47
52
53
55
59
67
69
68
78
94
104
108
99
82
77
80
81
83
77
80
79
90
96
100
105
113
124
4
3
1
7
5
0
6
4
9
9
3
1
6
5
3
6
2
4
0
9
9
6
9
8
2
3
2
9
3
4
3
3
6
0
21
46
57
59
50
49
51
47
53
54
54
60
67
69
68
79
95
105
107
98
81
76
81
82
82
77
80
81
91
96
101
107
115
125
0
2
8
2
7
1
7
0
0
3
4
2
9
7
8
4
2
6
2
6
9
9
2
2
4
7
0
6
4
7
0
0
9
7
11
26
47
59
57
50
47
52
48
52
55
54
61
70
68
70
82
97
107
106
95
80
79
81
81
80
80
80
82
92
97
100
106
116
9
9
4
9
5
3
9
1
1
9
0
7
8
5
6
5
1
3
4
8
4
4
0
3
8
6
5
8
4
6
4
7
2
5
12
34
49
62
55
49
47
51
50
53
54
54
63
70
67
73
86
98
107
105
89
79
79
81
82
80
79
81
85
92
97
101
107
117
AVERAGE FOR
PERIOD
3
8
4
6
o
3
0
9
1
9
6
6
3
5
8
6
0
1
1
5
8
2
1
3
9
9
2
2
1
9
9
8
5
8
19
44
56
60
51
49
50
47
52
54
54
59
67
69
68
78
94
104
107
100
82
77
80
81
83
77
80
80
90
96
100
105
113
124
7
8
7
8
0
8
5
9
5
6
8
6
8
0
2
9
2
3
9
7
9
5
9
0
0
9
0
8
1
2
6
7
5
9
15
39
52
63
53
49
48
50
52
53
55
55
66
69
66
76
90
100
110
103
85
78
80
81
82
80
79
82
88
92
97
102
109
120
5
8
3
2
3
0
7
8
8
0
9
0
5
7
2
6
0
3
5
1
8
4
6
9
1
8
2
4
3
2
2
6
8
2
(NOVEMBER
1984/
C. Historical Data for Selected Series—Continued
Year
Jan.
Feb.
Mar.
602.
1
1
1
1
1
1
1
1
1
1
2
1
2
2
2
2
3
3
4
4
7
9
9
9
9
13
17
18
18
17
7 95
970
250
041
962
168
289
653
423
314
534
622
667
987
052
228
298
639
814
161
406
601
074
955
171
498
113
677
86 8
281
419
902
5 84
232
1
1
1
1
1
1
1
1
1
1
1
2
2
1
2
2
2
2
3
3
3
5
7
8
8
9
9
13
16
19
18
16
7 92
022
236
971
047
198
2 90
577
322
256
554
708
819
143
076
623
353
582
775
266
546
6 94
824
070
549
812
935
900
946
627
9 84
788
614
312
1
1
1
1
1
1
1
1
1
1
1
1
2
2
2
2
2
3
3
3
3
5
7
8
9
10
11
14
1 8
21
18
16
Apr.
186
541
6 80
766
1 ,111
1 , 774
2,369
1 ,917
1,762
1,818
2,531
3,442
4,295
3 ,258
3,128
349
554
542
573
246
569
633
703
1 ,142
1,829
1 ,830
1,630
2.004
2,058
2,444
3 ,484
3,977
3 . 5 90
2 , 985
322
43 9
502
530
43 7
678
691
7 80
911
1,197
1,632
1,817
1 , 892
2,187
2,832
3,454
4,155
4,054
3,359
July
Aug.
772
0 80
281
001
862
159
348
881
3 85
326
541
755
664
954
067
739
530
524
43 9
1 88
375
7 90
868
311
630
720
036
167
150
317
265
27 8
46 2
6 90
7 86
256
138
024
196
113
3 94
739
364
305
627
637
804
927
0 81
406
316
608
855
318
410
631
820
4 94
116
718
3 80
955
632
988
567
7 86
005
0 95
1
1
1
1
1
1
1
1
1
1
1
1
1
2
2
2
2
2
3
3
3
3
5
8
8
9
9
11
13
18
19
18
16
26
18
490
533
658
606
1,268
1 , 86 9
1,703
1,668
2,112
2,363
2,609
3,325
4,201
3,225
2,811
70
90
43 8
622
647
724
773
925
1 , 270
1,626
1 , 806
1,859
2,450
2,917
3,423
4,352
3,997
3,499
1
1
1
1
1
1
1
1
1
1
1
1
1
2
2
2
2
2
3
3
3
3
5
7
8
9
10
11
14
17
18
18
15
772
133
129
008
087
132
413
560
379
320
644
578
764
899
076
299
416
549
740
268
661
7 46
882
561
654
250
575
531
7 87
106
647
899
124
655
1
1
1
1
1
1
1
1
1
1
1
1
2
2
2
2
2
3
3
3
3
5
8
8
9
10
12
14
18
19
18
16
831
132
063
998
091
170
442
674
337
357
643
621
877
837
0 80
235
4 84
5 82
870
179
727
672
971
728
326
758
738
0 96
268
828
440
750
823
95 9
1
1
1
1
1
1
1
1
1
1
1
1
2
2
2
2
2
3
3
3
4
5
8
8
9
10
11
15
18
19
1 8
16
821
234
970
o n
07 6
223
412
617
361
397
711
698
750
83 9
11 8
300
46 9
601
85 8
1 82
704
573
074
865
330
890
994
3 80
669
706
267
289
060
486
1
1
1
1
1
1
1
1
1
1
1
1
1
2
2
2
2
2
3
3
3
4
6
8
9
9
9
12
15
19
19
17
16
Sept.
Nov.
Dec,
IV Q
I Q
TOTAL FOR
813
233
012
026
067
215
45 4
617
365
432
660
6 95
709
912
0 95
329
460
566
950
366
591
666
196
042
446
043
831
698
291
754
0 86
031
463
5 82
1
1
1
1
1
1
1
1
1
1
1
1
1
2
2
2
2
3
3
3
4
4
6
8
9
9
U
13
15
18
19
17
17
889
233
028
154
056
235
5 86
605
354
528
661
669
898
964
237
291
502
597
211
341
553
487
176
420
426
118
846
044
288
843
828
551
320
257
1
1
1
1
1
1
1
1
1
1
1
1
2
2
2
2
2
3
3
2
4
6
8
9
9
9
12
16
19
19
16
17
893
101
004
951
111
260
509
546
349
328
6 85
809
,542
943
150
349
616
415
631
342
688
669
316
5 85
687
246
779
364
906
700
217
163
671
033
1
1
1
1
1
1
1
1
1
1
1
1
1
2
2
2
2
2
3
3
3
4
6
8
9
9
9
13
16
18
19
15
17
940
273
026
035
147
215
360
534
401
376
673
738
717
946
183
37 8
491
671
972
398
499
196
473
879
978
426
609
486
460
93 8
715
153
85 2
06 3
1
1
1
1
1
1
1
1
1
1
1
1
2
2
2
2
2
2
3
3
3
4
6
8
9
10
11
13
16
19
18
16
17
915
309
016
073
130
226
836
493
339
493
631
700
811
05 9
3 94
362
46 7
677
977
2 80
569
881
558
94 9
865
2 80
457
001
299
753
251
885
347
298
2
3
3
3
2
3
3
5
4
3
4
5
5
5
6
5
7
7
8
7
10
11
11
15
22
27
27
29
30
41
52
59
55
50
359
072
767
013
871
5 25
927
111
130
896
629
0 85
150
0 84
1 95
5 90
1 81
7 45
028
615
327
0 85
766
336
350
030
0 84
744
964
225
668
968
660
234
2
3
3
3
3
3
4
4
4
3
4
4
5
5
6
6
7
7
8
9
10
11
11
16
24
25
28
30
35
42
54
58
54
48
389
521
330
030
374
415
249
973
0 80
982
914
836
445
663
237
940
216
739
465
765
798
049
673
7 83
0 96
7 26
6 93
5 82
6 87
922
654
435
952
709
538
552
542
491
576
566
623
722
1,412
I
,682
1,575
1,950
2,360
2,861
2,597
3 ,326
3,708
3,527
2,715
550
572
539
475
526
612
624
771
1 ,442
1 , 806
1,480
1 ,948
2,077
2,904
2,828
3 , 0 85
3,256
3,332
2,977
595
53
512
503
54
614
632
754
1,370
1 ,84 2
1 ,735
2,039
1,976
2 , 3 92
2,954
3 ,286
3 ,089
2 , 7 89
3,072
60
44
94
610
636
7 96
1,731
1 , 6 98
1,872
2,058
1 ,801
2,774
3,019
3,557
3,202
2,763
2,973
523
509
518
639
866
837
1,726
1,654
1 ,932
2,160
2 ,064
2,512
3,032
3 , 5 96
3,563
2,648
3,322
562
595
507
441
612
694
447
882
1,706
1,691
2 ,060
2,231
1,654
2 . 5 96
3,309
3,485
3,735
2 . 6 81
2,97 9
65
28
46
927
1,769
1,978
1 ,821
1,750
1,755
2,533
3 ,459
3 ,464
3,442
2 , 7 83
3,109
591
580
522
569
551
689
768
,007
,7 85
, 922
,776
, 860
.111
.555
,311
,83 8
,220
,637
.175
1,239
1,69
1,63
1,670
922
1,643
1 , 971
2,075
3,521
5,472
5 ,902
5,215
5,878
6 ,239
7 , 5 84
10,251
12,473
10,073
8, 924
EXPORTS OF NONELECTRICAL MACHINERY
(MILLIONS OF DOLLARS)
433
494
539
647
651
720
757
926
1 ,288
1,760
1,818
1,808
2,415
2,706
3,571
4,311
3,932
3,513
432
448
508
519
622
6 80
6 80
767
975
1,338
1,720
1 , 836
1 ,835
2 ,47 2
2,85 9
3,620
4,160
3,957
3,433
43
46 8
498
51
59
718
700
7 83
997
1,339
1,772
1,871
1,868
2,427
3,034
3 ,943
4 , 3 88
4,211
3,265
484
485
526
608
755
6 86
776
1,028
1,398
1,770
1 ,952
1,862
2,451
3 ,022
3 ,985
4,567
4 , 3 05
3,655
52
06
663
814
1,041
1 ,509
1,752
1 ,675
1 ,732
2,528
3,241
4,230
6,207
3,856
3 ,290
2
3
3
3
3
3
4
4
4
4
5
5
5
5
6
6
7
7
9
9
10
11
12
8
25
27
29
31
37
47
56
57
52
50
523
700
010
1 91
199
673
452
839
0 80
357
032
062
357
715
,450
920
431
764
01 9
889
848
726
446
327
202
051
671
122
248
303
181
871
843
325
TOTAL FOR
1,6
1 ,6
1,610
1,607
1 ,494
1 ,711
1 ,743
1,883
2,121
4,105
5 ,666
4,778
5 , 7 90
6 ,579
8 , 1 93
7 ,965
9 , 7 40
10,568
10 , 2 5 9
8,583
1 , 756
1,548
1,556
1,553
1 ,863
2,134
2 , 3 87
4,827
5,194
5,539
6,257
5 , 841
7,678
9,005
10,439
9,854
8,200
9,367
TOTAL FOR
497
573
616
718
871
818
1 ,090
1,481
1,750
1 ,883
2,133
2,815
3,153
4,027
4,559
4,197
3,718
T h e s e s e r i e s c o n t a i n no r e v i s i o n s b u t are r e p r i n t e d f o r the c o n v e n i e n c e of t h e u s e r .
Oct.
OF DOMESTIC AGRICULTURAL PRODUCTS
(MILLIONS OF DOLLARS)
526
528
609
565
636
628
1,251
1 ,978
1 ,723
1,892
2,142
2 ,428
2,540
3,329
3 ,604
3,400
2,891
606.
521
523
40 8
628
732
775
880
1,155
1,672
1,780
1 , 831
2 , 0 84
2 , 6 82
3,297
4,058
4,346
3,644
June
EXCLUDING MILITARY AID SHIPMENTS,
(MILLIONS OF DOLLARS)
EXPORTS
228
547
569
579
May
EXPORTS,
57
7 85
582
781
1,115
1,552
1 , 814
1,821
1,556
J ,625
3 ,251
4,117
4,338
3 , 829
3 , 6 89
01
672
862
1,107
1,624
1,770
1,814
1 ,791
2,718
3,172
3,968
4,366
3 , 6 86
3 , 6 86
46
486
520
518
630
720
7 83
860
1 ,111
1,523
1,843
1,983
2 ,056
2,824
3 ,240
3 ,819
4.005
3,719
3 . 6 83
1,032
1,34.
1,513
1,49
1,46
1,95
2,14
2,328
2,716
3,622
4,930
5 ,403
5,582
6 ,721
8,431
10,174
12,565
12,397
10,502
1,323
1 ,349
1,500
1 , 5 73
1 ,863
2,049
2,100
2,307
2,898
3 ,965
5,252
5 ,525
5,511
7,314
8,599
11 , 1 3 4
12 , 85 9
12,100
10,211
1,
1,6
1,876
2,179
2,220
2,408
3,159
4,388
5,272
5,510
5 ,727
7 ,794
9,416
12,242
15 , 3 3 3
12 , 3 5 8
10,663
PERIOD
2
3
3
3
3
3
4
4
4
4
4
5
5
5
6
7
7
7
8
10
10
9
13
20
26
27
29
29
39
50
57
57
48
51
748
6 83
046
05 9
388
701
705
573
089
197
989
247
070
948
727
089
574
763
5 80
020
756
746
347
413
530
952
845
851
665
3 91
183
201
870
3 94
9
13
13
12
12
14
17
19
16
16
19
20
20
22
25
26
29
30
34
37
42
43
49
70
98
107
115
121
143
181
220
233
212
200
993
968
203
262
854
291
333
495
367
407
626
190
973
42 7
6 90
6 91
379
934
063
332
659
549
199
823
092
652
223
232
6 81
860
630
677
193
4 86
PERIOD
1,694
1,755
1,589
1,526
1 ,728
2,011
1,761
2,816
5 ,260
5 , 5 91
5 ,657
5 , 841
5 ,520
7 , 6 84
10,079
10,787
10 , 3 9 7
8,101
9,263
PERIOD
1 , 3 85
1,45 2
1,488
1,616
1,965
2,206
2 ,037
2,503
3,333
4,699
5,427
5,61 8
5 ,403
8,167
9,663
11,904
12,709
11,234
11,058
(N0VEM8ER
1984)
101
C. Historical Data for Selected Series—Continued
Year
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Q
Dec.
6 1 2 . GENERAL IMPORTS, TOTAL
( M I L L I O N S OF DOLLARS)
1950 . . .
1951 . . .
1 952 . . .
1 953 . . .
1 95 4 . . .
1 955 . . .
1 956 . . .
1 95 7 . . .
1 95 8 . . .
1 95 9 . . .
1 960 . . .
1961 . . .
1 962 . . .
1 963 . . .
1964.. .
1 965 . . .
1 966 . . .
1 967 . . .
1 96 8 . . .
1 96 9 . . .
1 970 . . .
1971 . . .
1 972 . . .
1 973 . . .
1 974.. .
1 975 . . .
1976 . . .
1 977 . . .
1978...
197 9 . . .
1 980 . . .
1981 . . .
1 982 . . .
1 983 . . .
1984.. .
1
1
1
1
1
1
1
1
1
1
1
2
2
2
3
3
4
5
6
10
9
10
13
16
21
22
22
20
592
93 9
856
904
855
886
045
057
053
166
247
154
3 20
0 89
421
199
966
317
6 87
002
222
599
436
244
665
145
341
6 94
661
813
1 81
616
573
127
1
1
1
1
1
1
1
1
1
1
2
2
2
2
3
3
4
5
7
8
9
12
14
14
21
21
19
18
606
927
881
90 2
85 2
897
063
056
022
202
353
154
325
510
462
606
013
216
5 92
672
279
564
473
4 83
534
133
302
990
617
919
834
916
570
804
1
1
1
1
1
1
1
1
1
1
2
2
2
2
3
3
4
5
7
7
9
12
14
15
24
21
20
19
577
997
904
923
762
907
034
118
051
220
2 91
164
339
485
518
861
050
166
5 88
982
219
629
515
414
997
720
742
7 92
320
657
866
029
018
528
1
1
1
1
1
1
1
1
1
1
1
2
2
2
3
3
3
4
5
8
8
9
12
14
16
19
22
17
1 9
614.
162
162
185
192
208
226
219
332
462
1 ,167
3 ,080
2,475
3,217
3 ,000
3,580
5 ,614
7 ,359
6 ,810
4,166
65
74
172
187
206
252
220
334
456
1,512
1 , 7 81
2,338
3 ,370
3,626
3,634
7 ,741
8,018
4,396
2,85 9
IMPORTS
17
183
172
179
1 82
237
249
342
492
1 ,560
1,211
2,361
4 , 1 91
3,094
3,667
6 ,991
5 ,992
4,290
3 ,261
616.
6
76
299
2 93
417
482
589
7 80
862
742
1 ,085
1,083
1,529
1 ,963
1,899
2,264
2 ,389
2,329
14
61
273
315
404
541
662
731
877
654
1 ,041
1,248
1,661
1 ,706
2,035
1 , 7 42
2,135
3,019
606
005
870
998
945
90 2
019
100
051
218
353
158
368
412
525
811
0 90
198
604
183
262
774
417
360
237
21 8
940
127
773
061
831
249
714
914
125
169
229
325
404
561
6 80
753
797
823
1,117
1,299
1,581
1,589
1 ,960
2,125
2,596
2,676
1
1
1
1
1
1
1
1
1
1
2
2
2
3
3
3
4
5
8
7
9
11
14
16
20
21
20
21
636
986
63 9
931
848
939
040
060
066
330
278
162
3 96
409
535
7 97
060
118
755
256
337
908
4 86
703
460
470
489
47 8
2 95
805
658
232
47 7
446
1
1
1
1
1
1
I
1
1
1
2
2
2
3
3
4
4
5
8
7
10
13
14
17
20
22
21
20
6 84
96 7
882
913
935
92 8
069
056
037
301
276
1 80
355
43 2
525
84 8
102
184
7 92
152
265
037
46 8
775
870
311
578
676
226
201
427
005
187
916
TOTAL FOR
1
1
1
1
1
1
1
1
1
1
2
2
2
3
3
3
4
6
9
8
10
12
14
18
19
23
22
22
821
885
897
910
851
952
065
099
046
289
245
243
347
507
5 85
82 5
137
145
872
163
346
913
726
010
504
166
738
530
412
659
719
242
930
714
1
1
1
1
1
1
1
1
1
1
2
2
2
3
3
4
4
5
9
8
10
13
15
18
19
21
20
22
102
1
1
1
1
1
1
1
1
1
1
1
2
2
2
3
3
3
4
5
9
8
10
12
15
9
20
23
21
24
912
800
899
818
80 5
045
055
0 86
091
184
197
298
316
459
550
8 85
303
254
736
192
498
469
738
996
026
533
810
996
091
271
3 27
077
006
333
1
1
1
1
1
1
1
1
1
1
2
2
2
3
3
3
5
6
9
8
10
12
15
19
19
22
18
23
876
845
904
873
821
045
96 9
065
156
292
162
305
41 9
45 9
688
941
195
3 96
883
180
428
456
148
6 84
239
464
951
778
23 8
013
85 6
508
892
115
1
1
1
1
1
1
1
1
1
1
2
2
2
3
3
4
5
6
9
8
11
13
15
20
21
19
19
22
891
812
97 8
837
874
971
050
0 80
139
353
142
3 26
3 80
488
655
911
1 96
493
908
078
402
169
002
2 91
6 47
670
566
661
300
156
427
7 46
154
976
1
2
2
2
2
2
3
3
3
3
3
3
3
4
4
4
6
6
7
7
9
10
13
16
22
25
28
36
42
47
67
65
62
58
775
863
641
729
46 9
6 90
142
231
126
588
891
472
984
0 84
401
666
029
699
867
656
7 20
7 92
424
141
1 96
998
3 85
476
598
3 89
881
561
161
45 9
180
215
203
270
331
550
2.117
1,746
2.118
3 , 1 92
3 ,038
4.000
7 ,191
6 ,329
4 . 1 80
5 ,284
9
20
22
276
346
588
2,063
1 ,354
2,563
3 ,734
3 ,229
4,199
6,611
6,521
4,85 5
4,203
62
228
215
200
288
350
520
2,306
1,990
2 , 887
3,415
3,194
4,692
5,153
5,400
5 ,624
5 ,220
201
55
82
211
234
2 93
352
703
2,274
2,008
2,860
3,266
3,257
4,949
6,018
6 ,335
5,731
4,82 8
176
178
160
213
21 8
221
314
3 87
700
2 ,200
2,515
2,716
3,436
3,307
S ,662
4,982
5,709
4,903
5,538
73
73
210
223
231
286
3 90
7 87
2 , 2 81
2,320
2,834
3 , 3 86
3,347
6,050
5 , 876
6 ,123
5 ,43 3
5,232
170
19
172
19
20
233
335
406
942
2,308
2,140
2,96 8
3,410
3,489
5,351
6,051
6 ,483
192
154
179
198
238
256
335
416
972
2,335
2 ,360
3 ,051
3 ,233
3 ,588
6 ,502
6,254
4,636
4 , 6 94
3,713
498
519
529
558
596
715
688
1 ,008
1 ,410
4,239
6 ,072
7,174
10,778
9,720
10 , 8 8 1
20,346
21 , 3 6 9
15 , 4 9 6
10 , 2 8 6
IMPORTS OF AUTOMOBILES AND PARTS
(MILLIONS OF DOLLARS)
108
159
260
399
45 7
533
647
725
898
776
1,221
1,266
1,715
1,956
1,710
2,042
2,389
2,746
529
6 80
814
901
731
976
1 , 1 83
1 ,659
1 ,851
1 ,999
2,299
2 , 7 85
3,001
292
83
428
76
636
821
841
7 82
1,169
1 ,360
1 , 6 84
1,730
1 ,843
2 ,257
2,626
2 ,851
928
87 9
1,025
1,315
1 ,815
2,103
2,108
2,455
2,988
2,113
2,139
2,635
2 , 7 95
2,762
806
1,812
926
95 8
591
842
728
769
128
218
154
849
907
500
119
253
5 85
456
252
500
151
591
864
719
371
838
567
999
007
2 81
2 94
067
916
486
37 8
276
2
2
2
2
2
2
3
3
3
3
3
3
4
4
4
5
6
6
8
9
10
11
13
17
27
24
32
38
44
54
58
64
63
66
PERIOD
563
528
556
556
653
669
7 96
1 ,001
1 ,625
6 ,47 9
5 ,487
7,175
10,537
9,429
12,031
18,987
19,769
12,929
12,739
2
2
2
2
2
3
3
3
3
3
3
3
4
4
4
5
6
7
8
9
10
11
14
8
27
25
33
39
45
58
61
65
59
70
563
663
658
777
516
897
260
2 84
152
927
723
86 8
167
409
720
425
641
588
548
315
023
924
903
483
720
664
738
342
554
407
842
630
360
,993
1,666
38
672
622
722
912
861
1 ,238
1,428
1,82 2
1,84 9
2,270
1,943
2,370
2,547
139
206
346
443
446
549
6 81
85 8
80 9
888
871
1,426
1 , 872
1,80 5
2,189
2,464
2,444
3,154
79
68
840
812
873
1,128
1,465
1,875
1,984
2,314
2,239
2,130
3,425
95
213
231
365
428
426
642
6 94
631
814
1,013
1,221
1 ,479
1 ,82 2
1 ,871
1 ,897
2,164
2 , 1 89
3,724
146
345
506
801
933
1,225
1 , 5 84
1,931
2,264
2,536
2,219
3,243
3 ,630
4,771
5 ,25 8
5 ,894
6,131
7 ,120
8,024
202
344
540
881
1,174
1 ,273
1,638
1,963
2,360
2,640
2,289
3,366
3,80 9
5,058
5 ,537
5 ,552
6 ,598
7 ,800
8,598
679
457
7 81
528
500
061
074
231
3 86
82 9
501
929
115
406
893
737
6 94
143
527
45 0
328
094
888
971
912
667
327
435
629
440
610
331
052
424
8
10
10
10
10
11
12
12
12
15
15
14
16
17
18
21
25
26
33
36
39
45
55
69
103
99
124
151
176
210
245
260
258
243
85 2
967
717
873
215
3 84
615
982
7 92
207
018
714
3 90
138
6 84
364
542
812
226
043
952
563
5 83
476
321
305
614
534
052
2 85
262
982
048
95 2
PERIOD
496
570
477
623
644
655
895
1 ,089
1,923
6 , 7 80
6 ,513
8,463
10,117
9,758
15 , 3 0 3
16,153
17,444
16 , 2 5 8
1 5 , 5 86
TOTAL FOR
49
46
183
2 94
401
332
660
699
749
85 9
93 8
1,055
1,328
1 9
25
602
1
2
2
2
2
2
3
3
3
3
3
3
4
4
4
5
6
6
8
9
9
11
13
16
25
22
30
37
43
50
60
65
59
62
IV Q
TOTAL FOR
T h e s e s e r i e s c o n t a i n no r e v i s i o n s b u t a r e r e p r i n t e d f o r the c o n v e n i e n c e of t h e u s e r .
95 5
83 8
915
96 8
818
992
132
074
0 83
411
210
266
479
455
559
85 8
288
198
951
07 8
423
179
612
644
002
3 88
97 2
158
246
632
934
274
5 81
451
OF PETROLEUM AND PETROLEUM PRODUCTS
( M I L L I O N S OF DOLLARS)
166
179
206
235
23 7
250
324
487
2,299
2 . 3 87
2 . 4 94
3,611
3,162
3 ,832
5 ,185
6 ,91 9
3 , 894
3 ,252
1
1
1
1
1
1
1
1
1
1
2
2
2
3
3
3
4
5
9
8
11
12
14
17
19
20
19
21
787
940
846
899
847
953
063
111
023
227
26 8
359
341
447
576
742
216
245
725
07 4
254
832
565
82 9
214
110
028
654
896
116
189
114
84 9
82 8
III Q
187
433
560
942
1,230
1,249
1 ,85 7
1 ,923
2,277
2 ,699
2,678
3,318
4,071
5 ,300
5 ,777
6 ,512
6 ,686
7 , 6 20
8,297
535
518
524
607
668
720
956
1,212
2,701
6 ,924
6,820
8,85 3
10,029
10 , 4 2 4
17 , 9 0 3
1 8,181
17 , 2 4 2
14,884
13 , 9 8 1
PERIOD
272
496
648
1,082
1 ,292
1,310
1,770
2 ,143
2,329
2,435
2,774
3 ,220
4,370
5 ,569
5 ,660
6 ,400
6 ,867
6,763
10,303
(NOVEMBER
1984)
C. Historical Data for Selected Series—Continued
Year
HIT T.Alt OR COST, PR TVATE
(1977-100)
19
41
43
44
46
45
46
49
50
50
51
52
52
52
52
53
54
56
58
61
6b
68
71
8
9
1
9
0
0
8
0
5
0
5
7
5
9
9
2
0
8
4
3
8
4
1
n 8
80 3
90 6
92 1
98 1
105 0
114 8
127 3
138 5
150 0
156 8
RENTAL
i
0
4
2
7
0
8
1
5
2
5
0
8
2
3
5
8
8
9
4
4
BUSINES S
39
42
43
45
45
45
48
49
50
51
52
52
52
52
53
53
55
57
59
64
67
69
71
76
B6
B9
95
100
108
121
134
142
155
155
6
5
8
5
6
1
0
7
3
1
1
3
6
5
1
3
7
1
6
1
5
8
1
3
0
6
9
1
9
2
4
9
3
1
SECTOR
AVERAGE
1
7
6
4
6
7
3
1
7
5
6
1
7
8
3
3
3
3
!
4
8
1
0
5
3
9
40
42
44
45
45
45
48
50
49
51
52
52
52
52
53
53
56
57
60
65
68
70
72
77
88
91
97 1
102 4
111 3
124 0
137 1
147 1
155 9
156 8
INCOME OF PERSOMS WITH CCADJ AS A PERCENT
NATIONAL INCOME
(PERCENT)
3
2
2
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
2
2
2
2
2
2
2
2
1
1
1
1
1
1
2
2
287.
39
42
43
44
46
45
47
49
50
50
52
52
53
52
53
53
55
56
59
62
67
69
71
74
83
89
94
99
106
117
131
140
153
155
6
9
4
9
3
1
6
4
2
0
0
3
0
Annual
IV Q
III Q
ll Q
Q
CORPORATE
1
8
9
1
6
5
3
3
6
3
4
6
4
4
3
2
0
0
8
6
4
3
3
1
1
0
7
7
5
5
4
7
n
3
3
2
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
2
2
2
2
1
2
2
1
1
1
1
1
1
1
2
2
0
8
0
2
7
4
3
3
6
3
5
5
4
4
3
2
0
0
7
6
4
3
9
0
0
9
7
6
4
4
5
8
0
3
9
4
2
n
0
9
9
4
6
4
5
5
3
4
9
1
6
3
9
9
5
0
6
9
5
6
1
2
6
0
5
6
1
13
14
12
12
11
13
12
12
9
13
11
11
12
12
13
14
13
12
12
11
9
9
9
10
8
8
10
10
11
10
8
7
6
8
2
2
3
3
3
3
3
3
3
3
3
3
3
3
3
3
2
2
2
2
2
2
2
2
2
1
1
1
1
1
1
1
2
2
9
8
1
4
7
4
3
4
5
5
5
5
4
4
2
1
0
0
7
5
4
3
3
1
0
8
7
6
6
4
5
8
2
1
R
0
4
3
9
14
14
11
12
11
13
12
11
10
12
11
11
12
12
13
13
13
12
12
10
8
9
10
9
7
9
9
11
11
9
8
8
6
9
8
0
9
2
8
8
2
8
6
0
2
5
2
9
2
9
2
3
3
7
9
6
0
7
8
6
9
5
1
9
1
1
7
1
8
5
8
1
9
2
7
5
2
7
1
3
7
7
1
3
3
0
4
4
5
5
5
3
4
5
1
0
0
5
6
4
6
0
9
9
2
6
7
3
3
4
4
5
5
4
4
3
2
1
9
9
6
4
4
3
2
1
0
8
7
5
5
4
6
9
2
15
14
12
10
12
13
12
11
11
11
10
12
12
12
12
14
13
12
12
9
8
9
10
9
7
10
9
10
11
9
8
7
6
9
3
2
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
2
2
2
2
2
2
2
1
1
1
1
1
1
1
2
2
0
8
0
3
7
4
3
4
5
4
5
5
4
4
2
2
0
0
7
5
4
3
2
1
0
9
7
6
5
4
5
.8
.1
.2
14
14
12
12
11
13
12
11
10
12
11
11
12
12
13
14
13
12
12
10
8
9
10
10
8
8
10
10
10
9
8
8
6
8
2
2
6
0
7
8
5
8
4
4
5
3
2
7
2
0
6
4
3
9
8
6
0
0
2
9
0
8
9
9
3
0
5
5
25
27
20
34
38
35
29
45
45
36
46
50
60
76
78
66
78
101
88
120
153
21 8
195
107
197
244
309
355
370
304
246
263
1 956
1962
1963
1 967
1968
1976
1978
1982
286.
492
100
116
116
940
036
140
236
992
80 8
308
880
504
036
156
088
244
0 96
5 96
1 96
668
668
844
176
300
256
824
248
288
920
632
148
29 84 8
24 0 1 6
23 2 9 2
36 6 8 8
33 8 2 4
35 9 7 6
29 764
50 9 9 2
39 724
35 3 4 8
48 7 44
57 0 3 6
61 8 5 6
66 , 6 8 8
81 5 6 0
64 . 3 1 2
77 8 8 8
1 0 2 7 84
87 , 3 4 4
123 6 6 4
148 ,436
1 88 , 8 8 0
208 ,992
1 0 4 , 6 96
193 , 7 7 6
2 6 4 . 7 92
348 ,356
3 7 1 , 6 80
200 ,872
371 , 2 4 0
2 95 , 5 2 8
3 89 , 1 6 4
27
22
28
40
35
32
29
48
38
43
47
55
65
71
58
72
85
94
86
144
154
192
180
137
201
303
339
405
298
312
26 8
3 84
1 88
6 80
124
968
588
088
896
756
244
568
376
492
184
200
040
972
208
816
776
612
224
708
0 84
996
248
540
836
500
124
43 2
224
480
29
16
29
43
34
28
42
40
34
47
50
58
63
66
44
81
99
92
94
127
190
173
144
166
226
304
399
314
360
247
275
527
772
332
744
372
196
104
984
84 8
676
612
800
456
432
912
652
160
760
448
220
700
496
444
496
2 84
312
516
144
924
93 2
764
268
176
CORPORATE PROFITS WITH IVA AND CCADJ
(ANNUAL RATE, BILLIONS OF DOLLARS)
1 950
1951
1 95 2
1 953
1 95 4
1 955
1 956
195 7
28
38
37
39
32
44
44
44
34
48
52
43
55
58
68
76
86
81
85
90
71
80
93
111
100
88
142
148
167
201
1 87
194
159
179
195 9
1 963
1 965
1966
1 967
1 970
1 973
1974
1 97 5
1 976
1 97 8
1981
(ANNUAL
2
3
3
4
5
5
6
7
9
10
11
12
13
15
17
20
23
26
29
32
38
45
48
57
68
82
85
96
112
142
181
222
263
254
1951
1 95 2
1 95 7
1 95 9
1 96 2
1965
196 8
196 9
1 970
1971
1 975
1 976
1980
1981
1984
N O T E : U n l e s s o t h e r w i s e n o t e d , t h e s e s e r i e s c o n t a i n r e2v i s i o n s b e g i n n i n g w i t h 1 9 8 1 .
'This series contains revisions beginning with 1 9 4 7 .
T h i s series contains revisions beginning with
AVERAGE
1950
AVERAGE
1
1
9
7
6
7
1
0
7
9
7
1
•s
9
9
1
?
•5
?
9
4
7
2
7
6
1
6
6
2
0
0
6
1
4
Annual
IV Q
III Q
II Q
I Q
1 1 0 . TOTAL FUNDS RAISED BY PRIVATE NONEIHAN CIAL BORROWERS
I S CREDIT MARKETS 2
(ANNUAL RATE. MILLIONS OF DOLLARS)
AVERAGE
PROFITS WITH IVA AND CCADJ AS A PERCENT
NATIONAL INCOME
(PERCENT)
12
14
13
13
11
13
12
12
9
12
12
10
12
12
13
13
14
12
12
11
8
9
10
10
8
7
10
10
10
10
9
8
6
7
39
42
43
45
45
45
47
49
50
50
52
52
52
52
53
53
55
57
59
63
67
69
71
75
84
90
95
100
108
119
132
142
153
156
Year
3
2
2
3
6
3
3
9
4
5
0
4
9
8
8
9
6
6
9
3
1
4
2
3
6
3
4
2
9
3
3
8
9
1
31
38
34
38
33
45
44
44
35
53
47
47
55
62
68
79
85
80
89
86
73
81
93
107
98
100
136
167
193
197
168
184
161
216
9
3
8
5
7
5
1
2
1
7
7
5
2
2
8
2
2
7
7
9
2
6
3
1
4
9
8
0
7
2
3
3
7
7
2 8 8 . NET INTEREST
RATE, BILLIONS OF
9
3
8
2
0
7
3
4
0
2
1
2
9
8
5
2
0
4
3
7
3
3
1
2
0
4
3
1
2
5
2
0
6
2
3
3
3
4
5
5
6
7
9
10
11
12
14
16
18
20
24
27
29
34
40
46
49
59
76
84
85
100
117
148
187
233
26 8
254
0
5
9
3
1
9
b
8
4
3
0
7
5
1
0
9
0
2
9
2
6
2
7
2
1
7
8
6
2
1
6
9
5
2
36
38
34
37
35
46
42
43
39
48
46
49
56
63
69
80
83
81
90
84
72
83
96
106
90
121
137
1 82
199
197
170
195
163
245
3
8
4
2
4
0
8
7
2
0
7
8
6
3
9
1
6
8
0
4
9
8
7
0
8
9
5
5
5
5
6
7
3
0
0
7
0
4
4
0
8
2
8
3
6
2
9
6
7
5
9
9
1
7
7
0
2
0
9
5
2
0
2
1
5
9
7
2
075
532
319
7 86
637
801
946
45 8
659
834
307
466
744
209
602
133
275
7 86
234
043
706
425
354
03 8
659
276
290
83 8
554
089
413
992
AVERAGE
39
39
38
30
38
46
43
40
44
48
44
53
58
64
69
83
85
85
90
78
68
87
103
108
89
130
135
171
208
183
175
184
151
26 0
3
6
3
3
8
8
2
0
7
3
3
6
7
3
1
6
0
4
9
6
3
0
1
9
6
9
7
4
5
1
6
9
6
0
3
3
4
4
5
6
6
8
10
10
12
13
15
17
18
21
25
28
30
36
44
47
54
63
81
85
89
108
133
166
20 8
254
253
258
1
/
1
8
6
0
/
2
2
6
0
9
4
1
9
7
9
8
7
6
2
5
9
3
3
2
6
4
0
4
2
4
8
9
DOLLARS)
3
3
4
4
5
6
6
8
9
10
11
13
14
16
18
21
24
27
30
35
42
47
52
61
78
85
88
105
124
158
193
253
257
259
28
22
25
38
35
32
32
46
39
40
48
55
62
70
65
71
85
97
89
129
161
193
182
129
204
279
349
361
307
309
271
3 90
33 . 9
38.7
36 . 1
36 . 3
35 . 2
45 . 5
43.7
43 . 3
38.5
49.6
47 . 6
48.6
56 . 6
62.1
69.2
80 . 0
85 . 1
82 . 4
89 . 1
85 . 1
71 . 4
83 . 2
96 . 6
108.3
94 . 9
110.5
138.1
167.3
192 .4
194 . 8
175.4
1 89.9
159.1
225 . 2
AVERAGE
3
3
4
4
5
5
6
7
9
10
11
13
14
16
18
21
24
27
30
34
41
46
51
60
76
84
87
102
121
153
192
241
260
256
0
5
0
4
3
9
6
9
6
3
4
0
7
4
3
0
4
6
0
8
4
5
2
2
1
5
2
5
7
8
6
0
9
6
(NOVEMBER
1984)
1977.
103
C. Historical Data for Selected Series—Continued
III Q
l Q
NET
INTEREST AS A PERCENT
(PERCENT)
1.9
2.1
2 .6
2 .5
2.9
3.1
3.8
4.1
4.2
4.3
4.8
5 .3
3.9
4.2
4.2
4.4
5 .0
5 .2
5 .4
6.0
7.0
6 .3
6 .5
6.8
6 .6
6.7
7 .5
8.7
9.7
10 . 9
10.1
OF NATIONAL
IV Q
Annual
INCOME
Year
290.
AVERAGE
1
1
1
1
1
1
1
2
2
2
2
3
3
3
3
3
3
4
4
4
5
5
5
5
6
6
6
6
6
2
3
4
4
8
8
9
2
7
6
8
1
2
4
5
7
9
2
1
5
2
4
4
6
7
8
4
6
9
1 9
9 1
10 5
5
9 7
1
1
1
1
1
1
1
2
2
2
2
3
3
3
3
3
4
4
4
4
5
5
5
5
6
6
6
6
7
8
9
2
3
4
6
8
8
9
3
7
6
9
1
3
4
5
7
0
2
1
6
4
3
5
6
9
5
3
7
2
5
5
1
1
1
1
1
1
1
2
2
2
2
2
3
4
4
8
8
9
2
6
6
8
0
3 2
5
7
9
4 2
4 2
4 4
5
5 3
5 4
5 5
6 6
6 8
6 3
6 6
6 9
9 1
9
1950
1951
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
100 .8
121.8
142 .6
128.0
(ANNUAL
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
113.2
122.1
136.7
96.7
1956
1 95 8
195 9
1960
1963
1 968
1 970
1 97 3
1974
1 975
1 977
1 979
1983
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
314.0
355.8
378.3
417 .0
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
324.1
364.1
386.2
441.4
5.4
104
13.6
17.7
18.2
16.8
19.7
18.8
19.6
16.0
17.3
21.9
23 . 0
24.4
18.7
17.6
23.0
21.5
25 . 6
20.4
16.8
20.0
18.2
24.6
23 . 3
20.9
29.1
37.8
35.9
44 .7
37 . 5
45.7
59.8
61.0
50.5
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
81.0
80.7
91 . 8
81.1
88.0
86.9
89.5
98.6
90 . 0
87.3
114.6
112.2
160.6
145 .0
134.5
119.0
13 0 . 2
128.7
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
110.2
137.4
136 . 0
118.1
1950.
1951 .
1952.
1953.
1954.
1 955 .
1956 .
1 957 .
1 95 8 .
8
4
7
6
7
5
6
7
7
6
6
5
6
5
6
6
6
8
7
5
6
8
6
7
8
7
7
5
6
6
5
6
6
5
1959.
1960.
1961.
1 962.
1963 .
1964.
1965.
1966 .
1967 .
1968.
1969.
1 970.
1971.
1972.
1973.
1974.
1 975 .
1976.
1 977 .
1978.
1979.
1980.
1 981.
1982.
1983.
1984.
298.
31 . 0
37 . 7
36.6
38.4
41.4
48.8
50.1
52 .4
52.2
57.7
58.3
60.7
32.9
37 . 8
39.1
36 . 5
43 . 9
49.0
49.9
51 . 5
55.9
58.5
57 . 4
62.2
66.8
69.4
72.2
77 . 3
88.3
95 . 9
99.7
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
328.0
3 80 . 3
3 93.8
469.7
These series contain revisions beginning with
2
3
9
3
6
3
3
1
1
4
9
9
0
8
5
3
7
1
0
9
7
3
6
6
6
7
2
7
0
1
3
0
0
4
PERSONAL SAVING
OF DISPOSABLE
2 9 5 . BUSINESS SAVING
RATE, BILLIONS OF DOLLARS)
28.8
39
57
54
51
46
61
73
77
61
75
88
72
86
88
99
119
125
123
131
149
148
158
176
221
231
199
255
275
341
423
40 8
46 9
447
3 93
1954
2 9 2 . PERSONAL SAVING
(ANNUAL RATE. B I L L I O N S OF DOLLARS)
16 . 4
9.1
16.9
16 . 8
19.0
14.5
19.1
21 . 7
22 . 4
II Q
I Q
1981.
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
102.8
100.0
101 . 4
103 . 8
126 . 5
141 . 5
152.8
155.7
206 . 4
214.9
258.9
302 .0
313.9
334.7
390.2
393.9
486.4
103 . 0
102.8
119.3
137 . 0
148.7
149.4
188.4
211.9
248.9
284.6
310 .6
325 .2
372.6
388.0
453 .6
1950.
1951.
1952.
1953 .
1954.
1 955 .
1 956 .
1957.
1958.
1959.
1960.
1961.
1962.
1963.
1964.
1965.
1966.
1967 .
196 8 .
1969.
1970.
1971.
1972.
1973.
1974.
1975.
1 976 .
1 977 .
1978.
1979.
IV Q
GROSS S A V I N G — P R I V A T E SAVING PLUS GOVERNMENT SURPLUS
OR DEFICIT
(ANNUAL RATE. BILLIONS OF DOLLARS)
1 980.
1981.
1982.
1983.
1984.
1
1
3
7
4
4
7
1
2
6
2
9
6
3
0
5
7
1
7
7
9
4
7
6
9
2
7
0
7
2
7
2
7
7
47
60
48
52
48
66
74
76
57
84
81
76
86
94
100
121
128
120
134
151
152
160
182
231
231
208
260
305
372
43 2
400
475
445
414
9
8
0
3
7
9
7
6
2
2
4
5
7
9
6
6
7
1
4
7
3
3
4
5
8
1
9
3
6
2
3
9
4
7
52
56
48
51
50
69
76
76
61
75
79
81
87
94
105
1 20
1 25
1 25
1.16
158
151
167
1 87
23 8
721
778
758
179
3 83
411
398
503
197
455
2
2
8
5
8
9
5
8
7
3
8
4
4
2
2
4
7
9
0
5
2
4
2
6
6
8
9
8
5
4
7
0
9
2
63
53
52
44
57
72
78
69
69
78
74
84
86
96
11 0
119
129
131
14?
154
141
165
200
250
226
218
256
175
402
404
41 6
489
144
485
AVERAGE
0
5
5
2
4
2
3
6
9
1
4
1
6
5
9
5
1
6
6
2
5
5
4
4
2
9
5
5
2
4
1
5
8
7
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
2 3 5 .5
227 . 8
218.9
257 . 9
309.1
374.8
422.7
405 .9
484.3
408.8
437 .2
6
7
6
7
6
6
7
6
7
5
5
6
5
5
7
7
7
8
6
6
8
7
7
9
8
8
5
6
5
5
6
7
5
5
3
7
8
7
4
2
6
9
8
9
1
6
2
8
4
1
5
4
5
8
3
2
1
5
6
1
9
4
8
1
0
6
8
3
5
7
7
7
6
6
7
7
7
6
5
6
6
5
6
7
7
8
7
6
8
8
6
8
8
8
6
5
6
5
6
6
6
5
8
1
3
3
6
0
3
2
4
2
6
3
0
4
7
1
0
1
1
4
0
1
5
6
5
6
9
9
1
9
0
7
2
0
16
-2
-3
-11
-3
5
5
-3
-11
-0
-1
-2
-3
0
0
-4
-6
-13
0
8
-20
-18
-2
7
-18
-59
-31
-21
10
2
-33
-62
-179
-129
4
0
3
9
2
6
5
4
7
6
2
9
3
4
2
0
3
0
3
0
6
0
3
0
2
3
3
5
3
1
9
4
2
3
8
6
-3
-6
-7
3
5
0
-12
-1
3
-4
-3
0
-2
0
-1
-14
-6
9
-10
-19
-3
7
-4
-63
-36
-17
0
14
-30
-26
-115
-134
0
1
8
9
1
1
2
9
6
6
1
3
8
7
3
5
3
2
0
9
6
4
3
8
7
8
5
8
8
3
7
7
3
5
RATE—PERSONAL SAVING AS A PERCENT
PERSONAL INCOME
(PERCENT)
5
8
6
7
6
5
7
7
6
6
5
6
6
5
6
6
6
7
7
5
8
8
5
8
8
10
7
5
5
6
6
6
6
4
9
3
7
6
2
7
2
5
9
9
4
0
3
4
9
8
8
7
9
8
3
6
9
6
6
7
3
7
8
3
3
1
3
2
2
8
8
7
6
6
7
7
7
5
5
6
6
5
6
7
6
8
6
7
8
8
6
8
8
8
6
6
6
5
6
7
6
5
6
0
2
4
2
2
4
4
6
5
7
7
0
1
5
8
9
1
3
0
5
1
2
8
0
3
7
5
0
9
1
0
1
0
GOVERNMENT SURPLUS OR D E F I C I T . TOTAL
(ANNUAL RATE. BILLIONS OF DOLLARS)
-6
18
-0
-5
-11
0
5
3
-10
-4
7
-5
-5
-1
-2
5
1
-14
-9
11
2
-18
-7
8
4
-43
-46
-13
-16
22
-7
-9
-73
-151
0
3
1
0
2
2
6
9
0
7
9
1
5
8
1
6
0
1
6
4
2
0
1
1
7
8
1
9
8
2
5
7
8
7
6
7
-4
-5
-7
3
4
1
-14
0
4
-5
-3
2
-6
4
2
-15
-12
11
-10
-21
-3
7
-2
-93
-34
-15
7
20
-3 8
-11
-77
-123
1
8
4
2
7
4
9
5
3
0
3
2
6
5
1
4
2
5
0
9
0
3
3
4
8
3
4
8
4
1
1
4
6
4
15
0
-7
-5
-6
3
4
1
-15
-1
1
-3
-2
1
-1
-3
-2
-14
-2
8
-13
-20
-0
8
-2
-5 8
-34
-20
2
12
-43
-23
-130
-133
8
3
1
6
6
8
5
4
0
1
4
9
7
8
1
8
1
3
6
5
9
5
7
9
7
8
2
1
4
9
3
3
4
5
(NOVEMBER
1984)
G. Experimental Data and Analyses
(Nov.)
Components of BCD series 26
Year
and
quarter
Implicit price
deflator, gross
nonfarm business
product
(Index: 1977=100)
1
iv
Unit labor cost,
all persons, nonfarm
business sector
(Nov.)
T
i m m i m n
Ratio scale
170
160
150
140
130
120
110
Components of BCD series 2 6 —
f
(Index: 1977=100)
146.5
148.6
149.3
150.2
q...
(Jan.HJuly) (July)
P T
P
i i i i i i l i i i k f c w i i i i i i
Implicit price deflator, gross nonfarm
business product, Q
(index: 1977 = 100)
1982
I Q....
II Q . . .
III q..
(Mar.)
151.4
154.2
155.6
157.1
170
160
1983
150
q....
q...
i n q..
iv Q . . .
140
i
151.9
152.7
153.8
155.2
i i
157.6
155.9
155.9
157.1
130
Unit labor cost, all persons, nonfarm
business sector, Q
(index: 1977 = 100)
120
110
1984
I
100
q....
156.3
157.3
pl58.7
II Q . . .
III q..
158.3
157.6
pl59.1
90
80
iv q . . .
Inventory-sales ratios in 1972 dollars'
Year
and
month
Manufacturing
(Ratio)
Merchant
wholesalers
(Ratio)
Arithmetic
scale
Inventory-sales ratios in 1972 dollars ( r a t i o ) —
Retail trade
(Ratio)
1983
Jan..
Feb..
Mar..
Apr..
May..
June.
1.96
1.96
1.91
1.90
1.87
1.81
1.44
1.47
1.45
1.46
1.38
1.34
1.36
1.38
1.35
1.35
1.33
1.31
July.
Aug..
Sept.
Oct..
Nov..
Dec..
1.83
1.80
1.78
1.77
1.74
1.69
1.35
1.35
1.35
1.34
1.34
1.32
1.31
1.33
1.32
1.32
1.32
1.31
Jan..
Feb..
Mar..
Apr..
May..
June.
1.71
1.72
1.72
1.74
1.74
1.75
1.30
1.34
1.33
1.34
1.30
1.29
1.29
1.33
1.36
1.34
1.32
1.30
July.
Aug..
Sept.
Oct..
Nov..
Dec..
rl .77
1.76
pl .80
1.32
rl .34
p l .37
(NA)
1.33
rl .35
pl .33
(NA)
1984
(NA)
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
NOTE: The "r" indicates revised; "p", preliminary; and "NA", not available.
Statistics.
2'Source: U.S. Department of Labor, Bureau of Labor
Source: U.S. Department of Commerce, Bureau of Economic Analysis.
105
G. Experimental Data and Analyses—Continued
Net Contributions of Individual Components to the Leading, Roughly Coincident, and Lagging Composite Indexes
Net contribution to index
Basic data
Series title
(and unit of measure)
LEADING INDICATORS
1.
Average workweek, production workers,
manufacturing (hours)
5. Average weekly initial claims,
State
1
unemployment insurance (thousands)
8. New orders for consumer goods and materials
in 1972 dollars (billion dollars)
32. Vendor performance, companies receiving
slower deliveries (percent)
12. Net business formation
(index: 1967=100)
20. Contracts and orders for plant and equipment
in 1972 dollars (billion dollars)
29. New building permits, private housing
units (index: 1967=100)
36. Change in inventories2 on hand and on order in
1972 dol., smoothed (ann. rate, bil. dol.) .
99. Change in 2 sensitive materials prices,
smoothed (percent)
19. Stock prices, 500 common stocks
(index: 1941-43=10)
106. Money supply (M2) in 1972 dollars
(billion dollars)
111. Change in credit—business and consumer
borrowing (annual rate, percent)
3
910. Composite index of 12 leading indicators
(index: 1967=100)
ROUGHLY COINCIDENT INDICATORS
41. Employees on nonagricultural payrolls
(thousands)
51. Personal income less transfers in 1972
dollars (annual rate, billion dollars). . . .
47. Industrial production, total
(index: 1967=100)
57. Manufacturing and trade sales in 1972
dollars (million dollars)
920. Composite index
of 4 roughly coincident
3
indicators (index: 1967=100)
LAGGING INDICATORS
1
91. Average duration of unemployment
(weeks)
77. Ratio, constant-dollar inventories to sales,
manufacturing and trade (ratio)
62. Labor cost per unit of output, manufacturing-actual data as a percent of trend (percent) .
109. Average prime rate charged by banks
(percent)
101. Commercial and industrial loans outstanding
in 1972 dollars (million dollars)
95. Ratio, consumer installment credit to
personal income (percent)
3
930. Composite index of 6 lagging indicators
(index: 1967=100)
July
1984
July
to
Aug.
1984
Oct.
1984
Sept.
1984
Aug.
1984
Aug.
to
Sept.
1984
Sept.
to
Oct.
1984
40.5
r40.5
r40.6
p40.5
0.00
0.08
-0.09
365
358
368
405
0.05
-0.08
-0.32
37.86
37.90
r3 6.6 8
p36.3 4
0.01
-0.16
-0.05
60
54
58
52
-0.24
0.16
-0.29
rl15 . 5
r l 1 8 . 2
r 11 9 .6
pl19.9
0.32
0.16
0.04
15.41
15.45
rl5
pl4.63
0.01
0.04
-0.20
126.4
121.6
116.3
114.5
-0.12
-0.13
-0.06
r18.76
r l 4 . 2 6
pl6.51
NA
-0.25
0.13
NA
- 0 . 6 4
-1.05
-1.06
-0.81
-0.16
-0.01
0.12
151.08
164.42
166.11
164.82
0.53
0.06
-0.06
r919 . 4
r918.9
r921. 5
p922.9
-0.02
0.09
0.06
.3
NA
-0.21
0.11
NA
r 16 5 . 0
pl63 . 8
0.06
0.61
-0.73
0.15
0.20
0.50
.02
0.31
0.21
0 .03
-0.15
0.00
14.1
r163 . 9
94,350
r1,184.2
10.1
164.0
r94,523
rl,183 . 7
.77
r l 2
r94,754
p95,195
r l , 1 9 1 . 1
p l , 1 9 5 . 0
-0
165.9
166.1
r 16 5 . 2
p 16 5 . 2
r176,515
rl76,762
p 17 5 , 3 2 0
NA
0.03
-0.18
NA
p156 . 6
0.06
0.00
0.51
16.5
0.33
0.08
0.38
155.7
r l 55 . 8
155.8
18.1
17.3
17.1
1 . 54
1.55
p l . 57
NA
0.13
0.26
NA
83.6
83 . 4
83.1
p 82 . 8
-0.07
-0.11
-0.16
12 . 9 7
12.58
-0.02
-0.40
13 . 0 0
13.00
117,268
118,087
r14.44
r l 4 . 5 5
118.8
120.0
0 .00
p12 2 , 223
0.18
0.38
0.77
pl4.5 9
NA
0.42
0.15
NA
r l 2 0 . 9
p 121. 7
1.01
0.75
0.66
119,806
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 February 1983 issue of BUSINESS CONDITIONS DIGEST
{pp. 108-109) for the weights and standardization factors. NA, not available, p , preliminary, r , revised, e , estimated.
'This series is inverted in computing the composite index; i.e., a decrease in this series is considered an upward movement.
This series is a weighted 4-term moving average (with weights 1,2,2,1) placed on the terminal month of the span.
'Figures in the net contribution columns are percent changes in the index. The percent change is equal (except for rounding
differences) to the sum of the individual components' contributions plus the trend adjustment factor. The trend adjustment
factor for the leading index is 0.139; for the coincident index, -0.175; for the lagging index, 0.018.
2
106
G. Experimental Data and Analyses—Continued
Cyclical Comparisons: Current and Selected Historical Patterns
j 1 1 1 1 1 1 1 1 1 1 1 1 1 1 i i 1 1 1 1 1 1 1 1 1 1 1 M | M 1111111 i i i
Actual
data
(percent)
32. Vendor performance, percent of
lll|lllll|lllll|lllll|lllll|lllll|lllll|lllll|
MONTIS
FROM
REF.
TROUGH
companies receiving slower deliveries
0
CURRENT
ACTUAL
DATA
MONTH
AND
TEAR
Deviations
from
specific
troughs
32. Vendorjierformance, percent of
companies receiving slower deliveries
SERIES
32
PERCENT
REPORTING
Actual
data
for
current
cycle
m .
59
11/83
13
14
15
16
67
63
68
72
12/83
1/84
2/84
3/84
17
18
19
20
71
70
66
60
4
5
6
7
21
22
54
8/84
9/84
Actual
58
52
23
70
MONTHS
FROM
SPEC.
TROUGH
60
40
30
20
-
78. Stocks of materials and supplies
10
1
Deviations
from
reference
peaks
on hand and on order, mfg.
8
8
8
8
40
CURRENT
ACTUAL
DATA
MONTH
AND
YEAR
Actual
data
for
current
cycle
29
19
20
37
33
63
1/84
21
38
68
2/84
22
23
24
42
41
40
72
71
70
3/84
4/84
5/84
25
26
27
28
36
30
24
28
66
60
54
58
6/84
7/84
8/84
9/84
29
22
52
10/84
59
67
DEVIATIONS
FROM
7/81
100
10/84
1 8
MONTHS
FROM
REF.
TROUGH
•
50
DEVIATIONS
FROM
5/82
70
60
4
4
4
4
30
SERIES
32
PERCENT
REPORTING
SO
-
/
/
/
/
1
CURRENT
ACTUAL
DATA
20
11/83
12/83
10
78. Stocks of materials and supplies
on hand and on order, mfg.
Percsnt
70
MONTH
AND
YEAR
SERIES
78
BIL.
DOL.
11
12
-7
-7
9
1
204
206
38
15
10/83
11/83
13
14
15
16
-
0
208
211
214
216
59
12/83
7
5
4
45
16
59
1/84
2/84
3/84
17
18
19
20
-1
-0
-0
0
2
6
4
218
221
220
222
87
42
44
85
4/
5/
6/
7/
21
22
0
0
2
4
222
222
33
79
8/84
9/84
Percent
+ 3 0
• 280
+
25
+20
•
265
MONTHS
FROM
SPEC.
TROUGH
• 220
-12
- 6
0
+
6
+ 1 2
+18
+ 2 *
1
- 1 5
4
DEVIATIONS
FROM
12/82
CURRENT
ACTUAL
DATA
8
8
8
8
4
4
4
4
MONTH
AND
YEAR
SERIES
78
BIL.
DOL.
+ 5
-
6
4
3
2
•
205
•
190
10
11
12
6
9
204
38
10/83
7
9
9
1
206
208
15
59
11/83
12/83
13
14
10
12
6
1
211
45
1/84
15
16
13
14
3
5
214
216
218
16
59
87
2/84
3/84
4/84
17
18
15
42
5/84
19
20
9
3
6
3
221
15
16
16
220
222
222
44
85
33
6/84
7/84
8/84
21
16
6
222
79
9/84
+ 3 0
Months from reference troughs
NOTE:
20
•230
• 220
10
#210
• 200
-12
- 6
0
+ 6
+12
+18
+ 2 4
+
30
Months from specific troughs
F o r an e x p l a n a t i o n o f t h e s e c h a r t s , see "How t o Read C h a r t s " on p . 106 o f t h e J u l y 1984 i s s u e .
107
G. Experimental Data and Analyses—Continued
Cyclical Comparisons: Current and Selected Historical Patterns—Continued
Deviations
from
reference
peaks
Actual
data
for
current
cycle
III1111111111II
MONIES
FROM
DEVIATIONS
CURRENT
REF.
TROUGH
FROM
7/81
ACTUAL
DATA
MONTH
AND
YEAR
Deviations
from
specific
troughs
73. Industrial production, durable
manufactures
SERIES
73
1967-100
12
0
143 . 6
11/83
13
14
15
16
1
0
3 .5
4. 8
5 4
145 0
148. 6
150. 5
151. 4
12/83
1/84
2/84
3/84
17
6
18
1 9
20
6. 8
7. 9
9. 5
152. 6
153. 3
154. 9
157. 2
10. 1
9. 5
9. 5
158. 1
157. 2
157. 3
8/84
9/84
10/84
CURRENT
ACTUAL
DATA
MONTH
AND
21
22
23
MONTHS
FROM
SPEC .
TROUGH
3
4
5
6
7
/
/
/
/
8
8
8
8
Actual
data
for
current
cycle
Percent
- I
4
4
4
4
35
30
# 1 55
DEVIATIONS
FROM
11/82
SERIES
YEAR
73
967-100
12
20
4
143
6
11/83
13
14
21
5
6
2
9
145
148
150
151
0
6
12/83
1/84
2/84
3/84
9
5
8
152
153
154
4/84
5/84
6/84
8
157
6
3
9
2
5
8
9
158
1
157
157
2
3
8/84
9/84
10/84
15
16
24
26
26
17
1 8
19
20
27
28
29
31
21
22
23
32
MONTHS
FROM
REF.
TROUGH
31
31
DEVIATIONS
FROM
7/81
5
4
CURRENT
ACTUAL
DATA
7/84
MONTH
AND
YEAR
SERIES
74
967-100
12
4 .6
174 .8
11/83
13
14
15
16
4 .1
4 .8
6 0
6 3
173 .9
175 2
177 2
177 6
12/83
1/84
2/84
3/84
17
18
19
20
7
7
8
8
.2
.7
.5
.8
179 .1
179 .9
181 3
181 . 8
4/84
5/84
6/84
7/84
21
22
23
8 7
8 .2
8 .6
1 81 7
180 8
1 81 . 4
8/84
9/84
10/84
CURRENT
ACTUAL
DATA
MONTH
AND
YEAR
MONTHS
FROM
SPEC .
TROUGH
DEVIATIONS
FROM
5/82
74. Industrial production, nondurable
manufactures
-
16
•180
—
0
#155
SERIES
74
1967 =100
-
- *
• 1 60
18
12 . 8
12 .2
13 . 0
174 8
173 . 9
175 .2
12/83
1/84
14 .3
14 .6
15 . 5
16 . 1
177 .2
177 .6
179 . 1
179 .9
3/84
4/84
5/84
27
28
17
17
17
16
181
181
181
180
29
17 . 0
19
20
21
22
23
24
25
26
—1
-12
- 6
0
+ 6
+ 1 2
+18
+ 2 4
- 1 6
#140
.0
.3
.2
.6
.3
. 8
.7
. 8
181 . 4
11/83
2/84
6/84
7/84
8/84
9/84
10/84
+ 3 0
Months from reference troughs
NOTE:
108
For an e x p l a n a t i o n o f t h e s e c h a r t s , see "How t o Read C h a r t s " on p . 106 o f t h e J u l y 1984 i s s u e .
- 1 2
- 6
0
+ 6
+ 1 2
+18
+ 2 4
Months from specific troughs
+
30
G. Experimental Data and Analyses—Continued
Cyclical Comparisons: Current and Selected Historical Patterns—Continued
H11111111111|11111[11111111IIij11111111111
Deviations
from
reference
peaks
86. Nonresidential fixed investment,
total, 1972 dollars
Actual
data
for
current
cycle
Percent
- i
+ 2 0
•
210
+15
-
+10
—
+ 5
•
200
•
190
•
ISO
QRTRS.
DEVIFROM A T I O N S
REF.
FROM
TROUGH 1 1 1 / 8 1
0
-9
4
161.5
IV/82
1
2
3
4
-9
-7
-3
3
2
1
161.6
165.3
172.6
1/83
11/83
111/83
3
5
184.5
IV/83
5
6
7
8
13
1 8
5
9
1
193.3
1/84
11/84
111/84
QRTRS.
FROM
SPEC.
TROUGH
202.9
210.5
DEVIATIONS
FROM
IV/82
- 1 0
CURRENT
ACTUAL
DATA
SERIES
86
0.1
170
2.4
6.9
14.2
•
160
QRTR.
AND
TEAR
ANN.
RATE
BIL.
DOL.
161.5
IV/82
0.
•
Devi- Actual
ations
data
from
for
specific current
troughs cycle
QRTR.
AND
TEAR
SERIES
86
ANN.
RATE
BIL.
DOL
0
- 5
CURRENT
ACTUAL
DATA
5
19.7
6
7
25.6
30.3
161.6
165.3
172.6
184.5
1/83
11/83
III/83
IV183
193.3
202.9
210.5
1/84
11/84
I I I / 8 4
CURRENT
QRTR.
AND
YEAR
- 1 5
-
89. Residential fixed investment in
1972 dollars
QRTRS.
FROM
REF.
TROUGH
DEVIATIONS
FROM
111/81
ACTUAL
DATA
SERIES
-
»60
+ 40
•
0
- 4
7
1
7
2
3
4
24
33
35
9
8
6
0
53 . 4
57.2
57.8
11/83
1 1 1 / 83
IV/83
5
6
7
41
42
40
6
1
4
60.6
60.8
< 60.1
1/84
11/84
II1/84
46.2
-12
- 6
0
+ 6
+12
+18
M o n t h s f r o m r e f e r e n c e troughs
NOTE:
+ 2 4
- 3 0
1/83
55
•
50
•
40
•
35
QRTRS.
FROM
SPEC.
TROUGH
DEVIATIONS
FROH
1/82
CURRENT
ACTUAL
DATA
SERIES
->
89
ANN.
RATE
B I L . DOL
40.8
IV/82
QRTR.
AND
YEAR
89
ANN.
RATE
BIL.
DOL.
40 8
IV/82
3
12.7
4
27.6
46
2
1/83
5
6
7
8
47.5
58.0
59.7
67.4
53
57
57
60
4
2
8
6
11/83
111/83
IV/83
1/84
9
10
68.0
66.0
60
60
8
1
11/84
I I I / 8 4
+ 3 0
0
+ 6
+12
+18
+ 2 4
+ 3 0
M o n t h s f r o m specific troughs
For an e x p l a n a t i o n o f t h e s e c h a r t s , see "How t o Read C h a r t s " on p . 106 o f t h e J u l y 1984 i s s u e .
109
ALPHABETICAL INDEX—SERIES FINDING GUIDE—Continued
Series title
(See complete titles in "Titles and
Sources of Series," following this index)
Accession rate, manufacturing
Agricultural products, exports
Anticipations and intentions
Business expenditures, new plant and equipment
Business expenditures, new plant and equipment D i . .
Consumer sentiment, index
Employees, manufacturing and trade, 01
Inventories, manufacturing and trade, DI
New orders, manufacturing, 01
Prices, manufacturing, DI
Prices, retail trade, DI
Prices, wholesale trade, 01
Profits, manufacturing and trade, DI
Sales, manufacturing and trade, DI
Automobiles
Imports of automobiles and parts
Personal consumption expenditures
Current issue
Scries
number
(page
Charts
)
Tables
Historical
data
(issue date)
Series
description
7
56
numbers
n
2
604
56
92'
8/81
11/84
61
970
58
974
975
971
976
978
977
972
973
24
38
22
38
38
38
38
38
38
38
38
67
76
65
76
76
76
76
76
76
76
76
8/84
8/84
1/84
5/83
5/83
5/83
5/83
5/83
5/83
5/83
5/83
23
23
20
37
37
37
37
37
37
37
37
616
55
56
22
92
65
11/84
9/84
56
39
B
Balance of payments—See International transactions.
Bank loans—See Business Loans.
Bank rates—See Interest rates.
Bank reserves
Free reserves
Member bank borrowing from the 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, DI
Business failures, current liabilities
Business formation, index..
Business incorporations
Business inventories—See Inventories.
Business loans
Loans outstanding, constant dollars
Loans outstanding, current dollars
Loans outstanding, net change
s saving
Canada—See International comparisons.
Capacity utilization
Manufacturing (BEA)
Manufacturing (FRB)
Materials
Capital appropriations, manufacturing
Backlog
Newly approved
Newly approved, DI
Capital equipment, producer price index
Capital investment—See Investment, capital.
Capital investment commitments, CI
Cash flow, corporate, constant dollars
Cash flow, corporate, current dollars
Civilian labor force—See also Employment.
Employment
Employment as percent of population
Total labor force
Unemployed
Coincident indicators, four
Composite index
Composite index, rate of change
Diflusion index
Ratio to lagging indicators, composite index
Commercial and industrial buildings, contracts awarded..
Commercial and industrial loans
Loans outstanding, constant dollars
Loans outstanding, current dollars
Loans outstanding, net change
Compensation—See also Income.
Compensation, average hourly, nonfarm
business sector
Compensation of employees, NIPA
Compensation of employees, percent of
national income
Compensation, real average hourly, nonfarm
business sector
Earnings, average hourly, production workers,
private nonfarm economy
Earnings, real average hourly, production workers,
private nonfarm economy
Wage and benefit decisions, first year
Wage and benefit decisions, life of contract
Wages and salaries in mining, manufacturing,
and construction
Composite indexes
Coincident indicators
Four coinciders, index
Four coinciders, rate o1 change
Ratio to lagging indicator index
Lagging indicators
Six laggers, index
Six laggers, rate of change
Leading indicators
Capital investment commitments
Inventory investment and purchasing
Marginal employment adjustments
Money and financial flows
See notes at end of index.
110
93
94
33
33
6/83
6/83
35
35
29
76
61
970
14
12
13
13,25
24
24
38
33
12,23
23
67
67
67
76
72
65
65
7/84
8/84
8/84
8/84
5/83
2/83
5/83
24
12
23
23
34
21
21
101
72
112
295
15,35
35
32
46
73
73
72
82
6/84
6/84
6/84
11/84
32
32
32
26
83
82
84
20
20
20
64
64
64
12/83
8/83
8/83
14
14
14
97
11
965
333
24
24
37
48
66
66
75
86
12/83
12/83
12/83
3/84
22
22
22
51
914
35
34
U
29
29
60
70
70
7/84
9/84
9/84
5
26
26
442
90
441
37
51
17
51
18,51
89
62
89
62,89
2/84
2/84
2/84
2/84
9
9
9
9
920
920c
951
940
9
10
39
36
11
23
60
5
74'
60
66
1/84
1/84
2/83
7/84
12/83
"5"
101
72
112
15,35
35
32
73
73
72
6/84
6/84
6/84
32
32
32
345
280
49
45
87
82
12/83
10/84
46
46
64
30,47
70,83
9/84
46
346
49
88
12/83
46
340
49
87
8/84
5
341
348
349
49
50
50
87
88
88
8/84
12/83
12/83
5
53
53
53
19
63
9/84
11
920
920c
940
10
39
11
60
'M
1/84
1/84
7/84
"5 '
930
930c
10
39
60
1/84
1/84
5
914
915
913
917
11
11
60
60
ii
60
7/84
7/84
2/83
7/84
5
5
5
5
5
21
5
Series title
(See complete titles in "Titles and
Sources of Series," following this index)
Profitability
Twelve leaders, index
Twelve leaders, rate of change
Construction
Building permits, new private housing
Contracts awarded, commercial and
industrial buildings
Expenditures, plus machinery and equipment sales...
Gross private domestic fixed investment
Nonresidential, percent of GNP
Nonresidential structures, constant dollars
Nonresidential, total, constant dollars
Residential, percent of GNP..
Residential, total, constant dollars
Housing starts
Consumer finished goods, producer price index
Consumer goods and materials, new orders
Consumer goods, industrial production
Consumer installment credit
Credit outstanding
Net change
Ratio to personal income
Consumer installment loans, delinquency rate
Consumer prices—See also International comparisons.
All items
Food
Consumer sentiment, index
Consumption expenditures—See Personal
consumption expenditures.
Contract awards, Defense Department
Contracts and orders, plant and equipment,
constant dollars
Contracts and orders, plant and equipment,
current dollars
Corporate bond yields
Corporate profits—See Profits.
Costs—See Labor costs and Price indexes.
Credit
Borrowing, total private
Business loans
Loans outstanding, constant dollars
Loans outstanding, current dollars
Loans outstanding, net change
Consumer installment credit
Credit outstanding
Net change
Ratio to personal income
Consumer installment loans, delinquency rate
Credit outstanding, percent change
Mortgage debt, net change
Crude and intermediate materials, change in
producer prices
Crude materials, producer price index
Debt—See Credit.
Defense and space equipment, output
Defense Department
Gross obligations incurred
Gross unpaid obligations
Net outlays...
Personnel, civilian
Personnel, military
Prime contract awards
Defense products
Inventories, manufacturers'
New orders, manufacturers'
Shipments, manufacturers'
Unfitted orders, manufacturers'
Defense products industries, employment
Defense purchases, goods and services, NIPA
Defense purchases, percent of GNP
Deficit—See Government.
Deflators—See Price indexes.
Delinquency rate, consumer installment loans
Deliveries, vendor performance
Diffusion indexes
Business expenditures, new plant and equipment
Capital appropriations, manufacturing
Coincident indicators
Employees, manufacturing and trade....
Employees on private nonagricultural payrolls
Industrial production
Industrial production, components
Initial claims, State unemployment insurance
Inventories, manufacturing and trade
Lagging indicators
Leading indicators
New orders, durable goods industries
New orders, durable goods industries, components..
New orders, manufacturing
Profits, manufacturing
Profits, manufacturing and trade
Raw industrials, spot market prices
Raw industrials, spot market prices, components ....
Sales, manufacturing and trade
Selling prices, manufacturing.,
Selling prices, retail trade
Selling prices, wholesale trade
Stock prices, 5 0 0 common stocks
Workweek, manufacturing production workers
Workweek, manufacturing production workers,
components
Disposable personal income—See income.
Current issue
wu
OKI 169 .
Series
ucavi ipw
<*)
number
Charts
Tallies
(issue date)
916
910
910c
11
10
39
60
60
7/84
1/84
1/84
5
5
29
13.25
67
7/84
24
9
69
23
24
66
67
12/83
9/84
21
17
248
87
86
249
89
28
334
8
75
47
25
25
47
25
25
48
12,21
22
83
67
67
83
67
67
86
64
65
10/84
9/84
9/84
10/84
9/84
4/84
3/84
4/84
8/84
40
40
40
40
40
24
51
15
12
66
113
95
39
35
32
15.35
33
73
72
73
72
6/84
6/84
9/84
11/83
33
33
33
34
320
322
58
49
49
22
84,95
84
65
4/84
4/84
1/84
49
49
20
525
53
90
11/84
55
20
12,23
66
6/84
21
10
116
23
34
66
73
6/84
8/83
21
35
110
32
72
11/84
34
101
72
112
15.35
35
32
73
73
72
6/84
6/84
6/84
32
32
32
66
113
95
39
111
33
35
32
15,35
33
13,32
32
73
72
73
72
72
71
6/84
6/84
9/84
11/83
6/84
5/84
33
33
33
34
31
31
98
331
28
48
69
85
3/84
3/84
51
50
557
54
91
11/84
13
517
543
580
578
577
525
53
53
54
55
55
53
90
90
91
91
91
90
1/84
11/84
7/83
1/84
1/84
11/84
55
55
56
56
56
55
559
548
588
561
570
564
565
54
53
54
54
55
55
55
91
90
91
91
91
91
91
6/84
6/84
6/84
6/84
7/84
9/84
9/84
17
15
17
15
5
43
43
39
32
33
12,21
72
64
11/83
5/83
34
17
970
965
951
974
963
966
38
37
36
38
36
37
8/84
12/83
2/83
5/83
7/84
8/84
23
22
5
37
5
12
962
975
952
950
964
36
38
36
36
37
5/83
5/83
2/83
2/83
6/84
"s"
37
5
5
15
971
960
972
967
38'
37
38
37
5/83
12/83
5/83
6/83
37'
37
37
25
973
976
978
977
968
961
38
38
38
38
37
36
76
75
74
76
74
75
78
74
76
74
74
75
77
76
75
76
75
79
76
76
76
76
75
74
5/83
5/83
5/83
5/83
6/83
7/84
37'
37
37
37
25
5
ALPHABETICAL INDEX—SERIES FINDING GUIDE—Continued
Series title
(See complete titles in "Titles and
Sources of Series," following this index)
Earnings—See Compensation.
Employment and unemployment
Accession rate, manufacturing
Civilian labor force, total
Defense Department personnel, civilian
Defense Department personnel, military
Employee-hours in nonagricultural establishments
Rate of change
'
Total
Employees in mining, manufacturing,
and construction
Employees, manufacturing and trade, Dl
Employees on nonagricultural payrolls
Employees on private nonagricultural payrolls, Dl
Employment in defense products industries
Employment, ratio to population
Employment, total civilian
Help-wanted advertising in newspapers
Help-wanted advertising, ratio to unemployment
Initial claims, State unemployment insurance
Initial claims, State unemployment insurance, Dl
Layoff rate, manufacturing
Marginal employment adiustments, CI
Overtime hours, manufacturing production workers..
Participation rate, both sexes, 16-19 years old
Participation rate, females 20 years and over
Participation rate, males 2 0 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 2 0 years and over
Unemployed, full-time workers
Unemployed, males 2 0 years and over
Unemployment, average duration
Unemployment rate, 15 weeks and over
Unemployment rate, insured, average weekly
Unemployment rate, total
Unemployment, total civilian
Workweek, manufacturing production workers
Workweek, manufacturing production workers,
components
Workweek, manufacturing production workers, Dl....
Equipment—See Investment, capital.
Exports—See International transactions.
Federal funds rate
Federal Government—See Government.
Federal Reserve, member bank borrowing f r o m . .
Final sales in constant dollars
Financial flows, CI
Fixed investment—See Investment, capital.
Fixed-weighted price index, gross domestic
business product
Food—See Consumer prices.
Foreign trade—See International transactions.
France—See International comparisons.
Free reserves
Series
number
Current issue
(page numbers)
Charts
Tables
Historical
data
(issue date)
Series
description
C)
2
441
578
577
51
55
55
89
91
91
8/81
2/84
1/84
1/84
7
9
56
56
48c
48
39
17
6i
5/84
5/84
"5"
40
974
41
963
570
90
442
46
60
5
962
3
913
21
453
452
451
448
42
4
446
445
447
444
91
44
45
43
37
1
17
38
14,17
36
55
17
51
16
16
12,16
36
62
76
62
74
91
62
89
61
61
61
74
i6'
51
51
51
51
17
6i'
89
89
89
89
62
si'
51
51
51
15,18
18
18
18
18,51
12,16
89
89
89
89
62
62
62
62
62,89
61
7/84
5/83
7/84
7/84
7/84
2/84
2/84
2/84
2/84
5/83
5/83
8/81
2/83
7/84
2/84
2/84
2/84
2/84
2/84
8/81
2/84
2/84
2/84
2/84
2/84
2/84
4/84
2/84
2/84
7/84
961
36
77
74
7/84
5
37
5
5
5
9
9
9
9
8
8
7
5
5
9
9
9
9
9
"9"
9
9
9
9
9
8
9
9
5
"5"
119
34
72
10/83
35
94
213
917
33
40
11
72
80
60
6/83
10/84
7/84
35
38
5
311
48
84
9/84
49
93
33
72
6/83
35
49
20
63
9/84
14
502
501
500
512
511
510
298
52
52
52
52
52
52
46
90
90
90
90
90
9/84
9/84
9/84
9/84
9/84
9/84
11/84
53
53
53
53
53
53
48
263
262
265
564
565
267
266
43
43
47
55
55
43
43
47
43
43
81
10/84
10/84
10/84
9/84
9/84
10/84
10/84
10/84
10/84
10/84
43
43
43
43
43
43
43
43
43
43
48
30
84
9/84
9/84
49
28
19,40
63,80
39
40
80
31
71
63
84
10/84
10/84
10/84
10/84
10/84
10/84
9/84
9/84
9/84
10/84
38
38
38
38
38
30
14
38
38
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
National defense, percent of GNP
State and local, constant dollars
State and local, current dollars
State and local, percent of GNP
Total, constant dollars
Total, current dollars
Gross domestic business product, fixed-weighted
price index
Gross domestic product, labor cost per unit
Gross national product
GNP, constant dollars
GNP, constant dollars, differences
GNP, constant dollars, percent changes
GNP, current dollars
GNP, current dollars, differences
GNP, current dollars, percent changes
GNP, ratio to money supply M l
Goods output in constant dollars
Implicit price deflator
Per capita GNP, constant dollars
Gross private domestic investment—See Investment, capital.
268
261
260
311
68
50
50b
50c
200
200b
200c
107
49
310
217
20
48
40
81
83
91
91
81
81
83
81
81
70
80
80
80
H
Help-wanted advertising in newspapers
Help-wanted advertising, ratio to unemployment,..
Hours of production workers, manufacturing
See notes at end of index.
46
60
2/84
2/84
Series title
(See complete titles in "Titles and
Sources of Series," following this index)
Average weekly overtime
Average workweek
Average workweek, components
Average workweek, Dl
Housing
Housing starts
Housing units authorized by local building permits..
Residential GPDI, constant dollars
Residential GPDI, percent of GNP
Implicit price deflator, GNP
I m p o r t s - S e e International transactions.
Income
Compensation, average hourly, nonfarm
business sector
Compensation of employees
Compensation of employees, percent of
national income
Compensation, real average hourly, nonfarm
business sector..
Consumer installment credit, ratio to personal i n c o m e .
Corporate profits with IVA and CCAdj
Corporate profits with IVA and CCAdj, percent
of national income..
Disposable personal income, constant dollars
Disposable personal income, current dollars
Disposable personal income, per capita,
constant dollars
Earnings, average hourly, production workers,
private nonfarm economy
Earnings, real average hourly, production workers,
private nonfarm economy
Income on foreign investments in the United States
Income on U.S. investments abroad
Interest, net
Interest, net, percent of national income
National income
Personal income, constant dollars
Personal income, current dollars
Personal income, less transfer payments, constant dollars
Rate of change
Total
Personal income, ratio to money supply M2
Proprietors' income with IVA and CCAdj
Proprietors' income with IVA and CCAdj, percent
of national income
Rental income of persons with CCAdj
Rental income of persons with CCAdj, percent
of national income
Wage and benefit decisions, first year
Wage and benefit decisions, life of contract
Wages and salaries in mining, manufacturing,
and construction...
Incorporations, new businesses
Industrial commodities, producer price index
Industrial production—See also International comparisons.
Business equipment
Consumer goods
Durable manufactures
Nondurable manufactures
Total
Total, components...
Total, Dl
Total, rate of change
Industrials, raw, spot market prices
Components
Diffusion index
Spot market index
Installment credit—See Credit.
Insured unemployment
Average weekly initial claims..
Average weekly initial claims, Dl
Average weekly insured unemployment r a t e . .
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, producer price index
International comparisons
Consumer prices
Canada
France
Italy
Japan
United Kingdom
United States
West Germany
Industrial production
Canada
France
Italy
Japan
OECD, European countries
United Kingdom
United States
West Germany
Current issue
(page numbers)
Series
number
Charts
21
1
16
12,16
961
28
29
89
249
Tables
Historical
data
(issue date)
Series
description
C)
7/84
7/84
5
5
36
61
61
77
74
7/84
"5"
25
13,25
25
47
67
67
67
83
4/84
7/84
9/84
10/84
24
24
40
40
310
48
84
9/84
38
345
280
49
45
87
82
12/83
10/84
46
46
64
30,47
70,83
9/84
46
346
95
286
49
15,35
45
88
73
82
12/83
9/84
11/84
46
33
26
287
225
224
47
40
40
83
80
80
11/84
10/84
10/84
26
11
11
227
40
80
10/84
11
340
49
87
8/84
5
341
652
651
288
289
220
52
223
49
57
57
45
47
45
19
40
87
93
93
82
83
82
63
63
8/84
8/84
S/B4
11/84
11/84
10/84
9/84
9/84
5
57
57
47
47
46
11
11
51c
51
108
282
39
14,19
31
45
'63
71
82
9/84
9/84
9/84
10/84
ii'
30
47
283
284
47
45
83
82
10/84
10/84
47
47
285
348
349
47
50
50
83
88
88
11/84
12/83
12/83
47
53
53
53
13
335
19
23
48
63
65
85
9/84
5/83
3/84
11
21
51
76
75
73
74
47
24
22
20
20
14,20,58
8/84
8/84
8/84
8/84
8/84
12
12
12
12
12
966
47c
37'
39
67
65
63
63
63,94
78
75
8/84
8/84
i2'
967
23
37'
28
79
75
69
6/83
6/83
25'
25
5
962
45
288
289
12,16
36
18
45
47
61
74
62
82
83
5/83
5/83
4/84
11/84
11/84
8
8
8
47
47
67
116
119
118
117
109
114
115
332
35
34
34
34
34
35
34
34
48
73
73
72
73
73
73
72
73
86
12/83
8/83
10/83
10/83
10/83
7/83
8/83
8/83
3/84
35
35
35
35
35
35
35
35
50
733
736
737
738
732
320
735
59
59
59
59
59
49
59
96
95
96
95
95
84,95
95
4/84
4/84
4/84
4/84
4/84
4/84
4/84
60
61
61
61
60
49
61
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
5/84
5/84
5/84
5/84
5/84
5/84
8/84
5/84
59
59
59
59
58
58
12
59
ALPHABETICAL INDEX—SERIES FINDING GUIDE—Continued
Series title
(See complete titles in "Titles and
Sources of Series," following this index)
Stock prices
Canada
France
Italy .
Japan
United Kingdom
United States
West Germany
International transactions
Balance on goods and services
Balance on merchandise trade
Exports, merchandise, adjusted, excluding military
Exports, merchandise, total excluding military aid
Exports of domestic agricultural products
Exports ol goods and services, constant dollars, NIPA..
Exports of goods and services, current dollars, NIPA
Exports of goods and services, excluding military
Exports of nonelectrical machinery
Imports, merchandise, adjusted, excluding military
Imports, merchandise, total
Imports of automobiles and parts
imports of goods and services, constant dollars, NIPA..
Imports of goods and services, current dollars, NIPA ....
Imports of goods and services, total
Imports of petroleum and products
Income on foreign investments in the United States
Income on U.S. investments abroad
Net exports of goods and services,
constant dollars, NIPA
Net exports of goods and services,
current dollars, NIPA
Net exports of goods and services, percent of GNP
Inventories
Business inventories, change, constant dollars, NIPA....
Business inventories, change, current dollars, NIPA
Business inventories, change, percent of GNP
Defense products, manufacturers'
Finished goods, manufacturers'
Inventories on hand and on order, net change
Inventories to sales ratio, manufacturing and trade
Inventory investment and purchasing, CI
Manufacturing and trade, book value
Manufacturing and trade, change in book value
Manufacturing and trade, constant dollars
Manufacturing and trade, DI
Materials and supplies on hand and on order,
manufacturing
Materials and supplies on hand and on order,
manufacturing, change
Investment, capital
Capital appropriations, manufacturing, backlog
Capital appropriations, manufacturing, new
Capital appropriations, manufacturing, new, DI
Capital investment commitments, CI
Construction contracts, commercial and industrial
Construction expenditures, business, plus machinery
and equipment sales
Gross private domestic investment
Business inventories, change—See Inventories.
Fixed investment, constant dollars
Fixed investment, current dollars
Nonresidential, constant dollars
Nonresidential, percent of GNP
Producers' durable equipment, nonresidential,
constant dollars
Residential, constant dollars...
Residential, percent of GNP
Structures, nonresidential, constant dollars
Total, constant dollars
Total, current dollars
New orders, capital goods, nondefense,
constant dollars
New orders, capital goods, nondefense,
current dollars
Plant and equipment
Business expenditures, new
Business expenditures, new, 01
Contracts and orders, constant dollars
Contracts and orders, current dollars
Investment, foreign
Income on foreign investments in the United S t a t e s . . .
Income on U.S. investments abroad
Italy—See International comparisons.
Current issue
(page numbers)
Series
description
<*)
number
Charts
Tables
Historical
data
(issue date)
743
746
747
748
742
19
745
59
59
59
59
59
59
59
96
96
96
96
96
96
96
1/84
1/84
1/84
1/84
1/84
1/84
1/84
63
63
63
63
63
25
63
667
622
618
602
604
256
252
668
606
620
612
616
257
253
669
614
652
651
57
57
57
56
56
44
44
57
56
57
56
56
44
44
57
56
57
57
93
93
93
92
92
82
82
93
92
93
92
92
82
82
93
92
93
93
8/84
8/84
8/84
11/84
11/84
10/84
10/84
8/84
11/84
8/84
11/84
11/84
10/84
10/84
8/84
11/84
8/84
8/84
57
57
57
56
56
44
44
57
56
57
56
56
44
44
57
56
57
57
255
44
82
10/84
44
250
251
44
47
82
83
10/84
10/84
44
44
30
245
247
559
65
36
77
915
71
31
70
975
26,42
42
47
54
27
13,26
15,27
11
27
26
27
38
68,81
81
83
91
68
68
68
60
68
68
68
76
78
27
38
97
11
965
914
9
Series
Diffusion index
Liabilities of business failures..
Liquid assets, change in t o t a l . .
Loans—See Credit.
9/84
10/84
10/84
6/84
6/84
4/84
11/84
7/84
11/84
11/84
11/84
5/83
40
40
40
17
17
17
17
5
17
17
17
37
68
6/84
17
26
68
6/84
17
24
24
37
11
23
66
66
75
60
66
12/83
12/83
12/83
7/84
12/83
22
22
22
5
21
69
24
67
9/84
17
243
242
86
248
42
42
25
47
81
81
67
83
10/84
10/84
9/84
10/84
40
40
40
40
88
89
249
87
241
240
25
25
47
25
42
42
67
67
83
67
81
81
9/84
9/84
10/84
9/84
10/84
10/84
40
40
40
40
40
40
27
23
66
6/84
15
24
23
66
6/84
15
61
970
20
10
24
38
12,23
23
67
76
66
66
8/84
8/84
6/84
6/84
23
23
21
21
652
651
57
57
93
93
8/84
8/84
57
57
Japan—See International comparisons.
Labor cost per unit of gross domestic product
Labor cost per unit of output, manufacturing
Actual data
Actual data as percent of trend
Later cost per unit of output, private business sector...
Labor cost, price per unit of, nonfarm business
Labor force—See Employment.
Lagging indicators, six
Composite index
Composite index, rate of change
Diffusion index
Layoff rate, manufacturing
Leading indicators, twelve
Composite index
Composite index, rate of change
See notes at end of index.
112
68
30
70
9/84
28
62
62
63
26
30
15
30
29
70
70
70
70
11/83
11/83
11/84
9/83
28
28
28
28
930
930c
952
3
10
39
36
60
910
910c
10
39
60
74
1/84
1/84
2/83
8/81
1/84
1/84
Series title
(See complete titles in "Titles and
Sources of Series," following this index)
5
"5"
7
5
Man-hours—See Employment.
Marginal employment adjustments, CI
Materials and supplies on hand and on order,
manufacturing
Materials and supplies on hand and on order,
manufacturing, change
Materials, new orders for consumer goods and
Materials prices—See Price indexes.
Materials, rate of capacity utilization
Merchandise trade—See International transactions.
Military—See Defense.
Money and financial flows, CI
Money supply
Liquid assets, change in total
Money supply M l , constant dollais
Money supply M l , percent changes
Money supply M2, constant dollais
Money supply M2, percent changes
Ratio, GNP to money supply M l .
Ratio, personal income to money supply M 2
Mortgage debt, net change
Mortgage yields, secondary market.
Municipal bond yields
Current issue
jjfijj
(page numbers)
number
Charts
14
104
Tables
Historical
data
(issue date)
5/83
5/84
Series
description
(*)
34
29
33
31
72
71
2/83
5
78
27
68
6/84
17
38
8
26
12,21
68
64
6/84
4/84
17
15
84
20
64
8/83
14
917
11
60
7/84
5
104
105
85
106
102
107
108
33
118
117
31
31
31
13,31
31
31
31
32
34
34
71
71
71
71
71
71
71
71
73
73
5/84
5/84
5/84
5/84
5/84
9/84
9/84
5/84
10/83
10/83
29
29
29
30
29
30
30
31
35
35
913
N
National defense—See Defense.
National Government—See Government.
National income—See Income.
New orders, manufacturers'
Capital goods industries, nondefense,
constant dollars
Capital goods industries, nondefense, current dollars..
Consumer goods and materials, constant dollars
Contracts and orders, plant and equipment,
constant dollars..
Contracts and orders, plant and equipment,
current dollars
Defense products
Durable goods industries, constant dollars
Durable goods industries, current dollars
Components
Diffusion index
New orders, manufacturing, DI
Nonresidential fixed investment, GPDI
Producers' durable equipment, constant dollars..
Structures, constant dollars
Total, constant dollars
Total, percent of GNP
Obligations incurred, Defense Department
Obligations unpaid, Defense Department
OECD, European countries, industrial production ..
Orders—See New orders and Unfilled orders.
Outlays, Defense Department
Output—See also Gross national product and
Industrial production.
Defense and space equipment, output
Goods output, constant dollars
Labor cost per unit of
Actual data
Actual data as percent of trend
Per hour, nonfarm business sector
Per hour, private business sector
Ratio to capacity, manufacturing (BEA)
Ratio to capacity, manufacturing (FRB)
Ratio to capacity, materials..
Overtime hours, manufacturing production workers..
Participation rates, civilian labor force
Both sexes, 16-19 years of age
Females 20 years and over
Males 2 0 years and over
Personal consumption expenditures
Automobiles
Durable goods, constant dollars
Durable goods, current dollars
Nondurable goods, constant dollars
Nondurable goods, current dollars
Services, constant dollars
Services, current dollars
Total, constant dollars
Total, current dollars..
Total, percent of GNP.
Personal income—See Income.
Personal saving
Personal saving rate
Petroleum and products, imports
Plant and equipment—See also Investment, capital.
Business expenditures, new
Business expenditures, new, DI
Contracts and orders, constant dollars
Contracts and orders, current dollars
Population, civilian employment as percent of
27
24
8
23
23
12,21
66
66
64
6/84
6/84
4/84
15
15
15
20
12,23
66
6/84
21
10
548
7
6
23
53
21
21
6/84
6/84
6/84
6/84
21
15
15
15
964
971
37'
38
66
90
64
64
77
75
76
6/84
5/83
15'
37
88
87
86
248
25
25
25
47
67
67
67
83
9/84
9/84
9/84
10/84
40
40
40
40
517
543
721
53
53
58
90
90
94
1/84
11/84
5/84
55
55
58
580
54
91
7/83
56
557
49
54
20
91
63
11/84
9/84
13
14
62
62
358
370
83
82
84
21
30
lb
50
50
20
20
20
16
70
70
88
88
64
64
64
61
11/83
11/83
12/83
12/83
12/83
8/83
8/83
7/84
28
28
52
52
14
14
14
5
453
452
451
51
51
51
89
89
89
2/84
2/84
2/84
9
9
9
55
233
232
238
236
239
237
231
230
235
22
41
41
41
41
41
41
41
41
47
9/84
10/84
10/84
10/84
10/84
10/84
10/84
10/84
10/84
10/84
39
39
39
39
39
39
39
39
39
39
292
293
614
46
46
56
82
11/84
11/84
11/84
48
48
56
61
24
38
67
76
12,23
23
17
23
23
21
66
8/84
8/84
6/84
6/84
2/84
970
20
10
90
80
81
81
81
81
83
92
66
62
21
9
ALPHABETICAL INDEX—SERIES FINDING GUIDE—Continued
Series title
(See complete titles in "Titles and
Sources ol Series," M o w i n g this index)
Price indexes
Consumer prices—See also International comparisons.
All items
Food
Deflators, NIPA
Fixed-weighted, gross domestic business product
Implicit price deflator. GNP
Labor cost, price per unit of, nonfarm business
Producer prices
All commodities
Capital equipment
Crude materials
Finished consumer goods
Industrial commodities
Intermediate materials
Sensitive crude and intermediate materials
Raw industrials, spot market prices
Components
Diffusion index
Spot market index
Sensitive crude and intermediate materials, change
in producer prices
Sensitive materials prices, percent change
Stock prices—See also International comparisons.
5 0 0 common stocks
500 common stocks, Dl
Price to unit labor cost, nonfarm business
Prices, selling
Manufacturing, Dl
Retail trade, Dl
Wholesale trade, Dl
Prime contract awards, Defense Department
Prime rate charged by banks
Producer prices—See Price indexes.
Producers' durable equipment, nonresidential, GPOI
Production—See Gross national product and
Industrial production.
Productivity
Output per hour, nonfarm business sector
Output per hour, private business sector
Profitability, CI
Profits
Corporate profits after taxes
Constant dollars
Current dollars..
With IVA and CCAdj, constant dollars
With IVA and CCAdj, current dollars
Corporate profits, total
With IVA and CCAdj
With IVA and CCAdj, percent of national income..
Manufacturing and trade, Dl
Manufacturing, Dl
Per dollar of sales, manufacturing
Profitability, CI
Ratio, profits to corporate domestic income
Ratio, profits with IVA and CCAdj to corporate
domestic income
Proprietors' income with IVA and CCAdj
Proprietors' income with IVA and CCAdj, percent of
national income
Raw industrials, spot market prices
Components
Diffusion index
Spot market index
Rental income of persons with CCAdj
Rental income of persons wiui CCAdj, percent
of national income
Reserves, free
Residential fixed investment, constant dollars, GPDI..
• The number shown is the page of the
( P W <mmb«rs)
number
Charts
Tables
Historical
data
(issue date)
Series title
(See complete titles in "Titles and
Sources ol Series," M o w i n g this index)
Series
description
(*)
Current issue
Series
number
numbers)
Charts
Tables
Historical
data
(issue date)
Series
description
O
S
320
322
49
49
84,95
84
4/84
4/84
49
49
311
310
26
48
48
29
84
84
70
9/84
9/84
9/83
49
38
28
330
333
331
334
335
332
98
48
48
48
48
48
48
28
85
86
85
86
85
86
69
3/84
3/84
3/84
3/84
3/84
3/84
3/84
50
51
50
51
51
50
51
967
23
37'
28
79
75
69
6/83
6/83
25'
25
98
99
28
13.28
69
69
3/84
3/84
51
25
19
968
26
13,28
37
29
69
75
70
1/84
6/83
9/83
25
25
28
976
978
977
525
109
38
38
38
53
35
76
76
76
90
73
5/83
5/83
5/83
11/84
7/83
37
37
37
55
35
88
25
67
9/84
40
358
370
916
50
50
11
88
88
60
12/83
12/83
7/84
52
52
5
18
16
80
79
28
28
29
29
69
69
69
69
9/84
9/84
9/84
9/84
26
26
26
26
286
287
972
960
15
916
22
45
47
38
37
29
11
29
82
83
76
75
70
60
69
11/84
11/84
5/83
12/83
5/83
7/84
9/84
26
26
37
37
27
5
26
81
282
29
45
70
82
9/84
10/84
26
47
283
47
83
10/84
47
8/81
4
Quit rate, manufacturing..
Residential structures—See Housing.
Retail sales, constant dollars
Retail sales, current dollars
Current issue
Series
'967
23
284
37'
28
45
79
75
69
82
6/83
6/83
10/84
25
25
47
285
93
89
249
47
33
25
47
83
72
67
83
11/84
6/83
9/84
10/84
47
35
40
40
59
54
22
22
65
65
5/84
5/84
20
20
Handbook of CfcHcal Micitors
Salaries—See Compensation.
Sales
Final sales, constant dollars
Machinery and equipment sales and business
construction expenditures
Manufacturing and trade sales, constant dollars
Manufacturing and trade sales, current dollars
Manufacturing and trade sales, Dl
Ratio, inventories to sales, manufacturing and trade
Retail sales, constant dollars
Retail sales, current dollars
Saving
Business saving
Government surplus or deficit
Gross saving, private and government
Personal saving
Personal saving rate
Selling prices—See Prices, selling
Sensitive crude and intermediate materials, change
in producer prices
Sensitive materials prices, percent change
Shipments of defense products
Spot market prices, raw industrials
Components
Diffusion index
Spot market index
State and local government—See Government.
Stock prices—See also International comparisons.
500 common stocks
500 common stocks, Dl
Stocks of materials and supplies on hand and on order..
Stocks of materials and supplies on hand and on
order, change
Surplus—See Government
Treasury bill rate.
Treasury bond yields...
Unemployment
Duration of unemployment, average
Help-wanted advertising, ratio to unemployment..
Initial claims for unemployment insurance
Initial claims 1or unemployment insurance, Dl
Layoff rate, manufacturing
Number unemployed, civilian labor force
Both sexes, 16-19 years of age
Females 20 years and over
Full-time workers
Mates 2 0 years and over
Total unemployed.
Quit rate, manufacturing
Unemployment rates
15 weeks and over
Insured unemployment
Total
Unfilled orders, manufacturers'
Defense products
Durable goods industries
Durable goods industries, change...
United Kingdom—See International comparisons.
Velocity of money
GNP to money supply M l , ratio
Personal income to money supply M2, ratio
Vendor performance, slower deliveries
213
40
80
10/84
38
69
57
56
973
77
59
54
24
14,22
22
38
15,27
22
22
67
65
65
76
68
65
65
9/84
11/84
11/84
5/83
11/84
5/84
5/84
17
17
17
37
17
20
20
295
298
290
292
293
46
46
46
46
46
82
83
82
82
83
11/84
11/84
11/84
11/84
11/84
26
48
48
48
48
98
99
588
28
13,28
54
69
69
91
3/84
3/84
6/84
51
25
17
967
23
37'
28
79
75
69
6/83
6/83
25'
25
19
968
78
13,28
37
27
69
75
68
1/84
6/83
6/84
25
25
17
38
26
68
6/84
17
114
115
34
34
72
73
8/83
8/83
35
35
91
60
5
962
3
15,18
16
12,16
36
62
61
61
74
2/84
2/84
5/83
5/83
8/81
9
9
8
8
7
446
445
447
444
37
4
51
51
51
51
18,51
89
89
89
89
62,89
2/84
2/84
2/84
2/84
2/84
8/81
9
9
9
9
9
44
45
43
18
18
18
62
62
62
2/84
4/84
2/84
9
8
9
561
96
25
54
21
21
91
64
64
6/84
6/84
6/84
15
15
15
107
108
32
31
31
12,21
71
71
64
9/84
9/84
5/83
30
30
17
1
12,16
5
36
61
77
74
7/84
961
7/84
"5
W
Wages and salaries—See Compensation.
West Germany—See International comparisons.
Wholesale (producer) prices—See Price indexes.
Workweek of manufacturing production workers
Average workweek
Components
Diffusion index
( 1 9 8 4 ) on which the series description appears.
113
TITLES AND SOURCES OFSERIES-Continued
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.
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)
33. Net change in mortgage debt held by financial
institutions and life insurance companies (M).—
American Council of Life Insurance; Federal National
Mortgage Association; U.S. Department of Housing and
Urban Development, Government National Mortgage
Association; National Association of Mutual Savings
Banks; U.S. Savings and Loan League; and source 4;
seasonal adjustment by Bureau of Economic
Analysis
(32,71)
34. Net cash flow, corporate, in current dollars (Q).—
Source 1
(29,70)
35. Net cash flow, corporate, in 1972 dollars (Q).-Source
1
(29,70)
36. Net change in inventories on hand and on order in 1972
dollars (smoothed) (M).-Sources 1,2, and 3(13,26,68)
Following the source for each series is an indication of the
pages on which that series appears. The "Series Finding
Guide" also lists chart and table page numbers for each
series.
13. Number of new business incorporations (M).—Dun &
Bradstreet, Inc.; seasonal adjustment by Bureau of
Economic Analysis and National Bureau of Economic
Research, Inc.
(23,65)
37. Number of persons unemployed, labor force survey
(M).—Sources 2 and 3
(18,51,62,89)
I-A. Composite Indexes
14. Current liabilities of business failures (M).—Dun &
Bradstreet, Inc.
(33,72)
910. Composite index of twelve leading indicators (includes
series 1, 5, 8, 12, 19, 20, 29, 32, 36, 99,106, 111)
(M).—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)
39. Percent of consumer installment loans delinquent 30
days and over (EOM).—American Bankers
Association
(33,72)
913. Composite index of marginal employment adjustments
(includes series 1, 2, 3, 5) (M).—Source 1
914. Composite index of capital investment commitments
(includes series 12, 20, 29) (M).-Source 1 (11,60)
16. Corporate profits after taxes in current dollars (Q).—
Source 1
(28,69)
915. Composite index of inventory investment and
purchasing (includes series 8, 32, 36, 99) (M).-Source
18. Corporate profits after taxes in 1972 dollars ( Q ) . Source 1
(28,69)
1
(11,60)
38. Change in stocks of materials and supplies on hand and
on order, manufacturing (M).—Source 2
(26,68)
40. Number of employees in nonagricultural goodsproducing industries—mining, manufacturing, and
construction (M).—Source 3
(17,62)
41. Number of employees on nonagricultural payrolls,
establishment survey (M).—Source 3
(14,17,62)
42. Number of persons engaged in nonagricultural activities,
labor force survey (M).—Sources 2 and 3
(17,62)
43. Unemployment rate, total (M).-Sources 2 and 3(18,62)
19. Index of stock prices, 500 common stocks (M).—
Standard & Poor's Corporation
(13,28,59,69,96)
44. Unemployment rate, persons unemployed 15 weeks and
over (M).—Sources 2 and 3
(18,62)
917. Composite index of money and financial flows (includes
series 104, 106, 111) (M).-Source 1
(11,60)
20. Contracts and orders for plant and equipment in 1972
dollars (M).-Sources 1, 2, 3, and McGraw-Hill
Information Systems Company
(12,23,66)
920. Composite index of four roughly coincident indicators
(includes series 41, 47, 51, 57) (M).-Source
1
(10,39,60)
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
(16, 61)
930. Composite index of six lagging indicators (includes
series 62, 77, 91, 95, 101, 109) (M).-Source
1
(10,39,60)
22. Ratio of profits (after taxes) to total corporate domestic
income (Q).-Source 1
(29,69)
47. Index of industrial production, total (M).—Source
4
(14,20,39,58,63,78,94)
23. Index of spot market prices, raw industrial materials
48. Employee-hours in nonagricultural establishments
(M).—Source 3
(17,39,61)
49. Value of goods output in 1972 dollars (Q).—Source
1
(20,63)
916. Composite index of profitability (includes series 19,26,
80) (M).—Source 1
(11,60)
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
3. Layoff rate, manufacturing (M).—Source 3
4. Quit rate, manufacturing (M).—Source 3
5. Average weekly initial claims for
insurance, State programs (M).—U.S.
Labor, Employment and Training
seasonal adjustment by Bureau
Analysis
unemployment
Department of
Administration;
of Economic
(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)
8. Value of manufacturers' new orders for consumer goods
and materials in 1972 dollars (M).—Sources 1, 2, and
3
(12,21,64)
9. Construction contracts awarded for commercial and
industrial buildings, floor space (M).—McGraw-Hill
Information Systems Company; seasonal adjustment by
114
(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)
32. Vendor performance, percent of companies receiving
slower deliveries (M).-Purchasing Management
Association of Chicago
(12,21,64)
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
Board
1,
2,
3,
and
The
Conference
(16,61)
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)
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 ) . - S o u r c e 1
(30,47,70,83)
65. Manufacturers' inventories of finished goods, book
value, all manufacturing industries (E0M).—Source
2
(27,68)
66. Consumer instalment credit (EOM).—Source 4
(35,73)
67. Bank rates on short-term business loans (Q).-Source
4
(35,73)
68. Labor cost (current dollars) per unit of gross domestic
product (1972 dollars), nonfinancial corporations—ratio
of current-dollar compensation of employees to real
gross corporate product (Q).—Source 1
(30,70)
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
(27,68)
71. Manufacturing and trade inventories, total book value
(EOM).—Sources 1 and 2
(27,68)
72. Commercial and industrial loans outstanding in current
dollars ( M ) . - S o u r c e s 1 and 4
(35,73)
73. Index of industrial production, durable manufactures
(M).—Source 4
74. Index
of
industrial
(20,63)
production,
nondurable
manufactures ( M ) . - S o u r c e 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
(M).—
Sources 1, 2, and 3
(15,27,68)
78. Stocks of materials and supplies on hand and on order,
manufacturing (EOM).-Source 2
(27,68)
79. Corporate profits after taxes with inventory valuation
and capital consumption adjustments in current dollars
(Q).—Source 1
(29,69)
80. Corporate profits after taxes with inventory valuation
and capital consumption adjustments in 1972 dollars
(Q).—Source 1
(29,69)
81. Ratio of profits (after taxes) with inventory valuation
and capital consumption adjustments to total corporate
domestic income (Q).—Source 1
(29,70)
82. Rate of capacity utilization, manufacturing (Q).—Source
4
(20,64)
83. Rate of capacity utilization, manufacturing (EOQ).—
Source 1
(20,64)
84. Rate of capacity utilization, materials (Q).—Source
4
85. Change in money supply M l (M).—Source 4
(20,64)
(31,71)
86. Gross private domestic fixed investment, total
nonresidential, in 1972 dollars (Q).-Source 1 (25,67)
119. Federal funds rate (M).—Source 4
(34,72)
1-C. Diffusion Indexes
87. Gross private domestic fixed investment, nonresidential
structures, in 1972 dollars (Q).-Source 1
(25,67)
950. Diffusion index of twelve leading indicator components
88. Gross private domestic fixed investment, nonresidential
producers' durable equipment, in 1972 dollars (Q).—
Source 1
(25,67)
951. Diffusion index of four roughly coincident indicator
components (M).—Source 1
(36,74)
(M).—Source 1
(36,74)
89. Gross private domestic fixed investment, total
residential, in 1972 dollars (Q).-Source 1
(25,67)
952. Diffusion index of six lagging indicator components
90. Ratio, civilian employment to total population of
working age (M).—Sources 1, 2, and 3
(17, 62)
960. Diffusion index of net profits, manufacturing—about
91. Average (mean) duration of unemployment in weeks
(M).—Sources 2 and 3
(15,18,62)
(M).—Source 1
(36,74)
600 companies ( Q ) . - D u n & Bradstreet, Inc. (Used by
permission. This series may not be reproduced without
written permission from the source.)
(35,75)
93. Free reserves (member banks excess reserves minus
borrowings) (M).-Source 4
(33,72)
961. Diffusion index of average workweek of production
workers, manufacturing—20 industries (M).—Sources 1
and 3
(36,74,77)
94. Member bank borrowings from the Federal Reserve
(M).—Source 4
(33,72)
962. Diffusion index of initial claims for unemployment
insurance, State programs—51 areas (M).-Source 1
95. Ratio, consumer installment credit to personal income
(M).—Sources 1 and 4
(15,35,73)
and U.S. Department of Labor, Employment and Training
Administration; seasonal adjustment by Bureau of
Economic Analysis
(36,74)
96. Manufacturers' unfilled orders, durable goods industries
963. Diffusion index of number of employees on private
nonagricultural payrolls—172-186 industries (M).—
Source 3
(36,74)
(EOM).—Source 2
(21,64)
97. Backlog of capital appropriations, 1,000 manufacturing
corporations (EOQ).—The Conference Board
(24,66)
98. Change in producer prices for 28 sensitive crude and
intermediate materials (M).—Sources 1 and 3 (28,69)
99. Change in sensitive materials prices (smoothed) (M).—
Sources 1, 3, and Commodity Research Bureau, Inc.
(13,28,69)
101. Commercial and industrial loans outstanding in 1972
dollars ( M ) . - S o u r c e s 1, 3, and 4
(15,35,73)
102. Change in money supply M2 (M).-Source 4 (31,71)
104. Change in total liquid assets (smoothed) (M).—Sources
1 and 4
(31,71)
105. Money supply Ml in 1972 dolars (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)
111. Change in credit outstanding (business and consumer
borrowing) ( M ) . — S o u r c e s 1, 4, and Federal Home
Loan Bank Board
(13,32,72)
112. Net change in business loans (M).—Sources 1 and 4
(32,72)
113. Not 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.
(34,73)
Department of the Treasury
116. Yield on new issues of high-grade corporate bonds
(M).—Citibank
Treasury
and
U.S.
Department
of
the
(34,73)
117. Yield on municipal bonds, 20-bond average (M).—The
Bond Buyer
(34,73)
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 stocks—
4 6 - 8 2 industries (M).—Standard 8. Poor's Corporation
(37,75)
970. Diffusion index of business expenditures for new plant
and equipment, total—21 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 S
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)
118. Secondary market yields on FHA mortgages (M).—U.S.
976. Diffusion index of selling prices, manufacturing—about
600 businessmen reporting (Q).—Dun & Bradstreet, Inc.
Department of Housing and Urban Development, Federal
Housing Administration
(34,73)
(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)
ll-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)
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)
(46,82)
293. Personal saving rate—personal saving as a percent of
disposable personal income (Q).—Source 1 (46,83)
298. Government surplus or deficit, total (Q).—Source
1
(46,83)
ll-B. Prices, Wages, and Productivity
310. Implicit price deflator, gross national product (Q).—
Source 1
(48,84)
311. Fixed-weighted price index, gross business product
(Q).—Source 1
(48,84)
320. Index of consumer prices, all items (M).—Source
3
(49,59,84,95)
322. Index of consumer prices, food (M).—Source 3(49,84)
330. Index of producer prices, all commodities (M).—Source
3
(48,85)
331. Index of producer prices, crude materials for further
processing (M).-Source 3
(48,85)
332. Index of producer prices, intermediate materials, supplies, and components (M).-Source 3
(48,86)
333. Index of producer prices, capital equipment (M).—
Source 3
(48,86)
334. Index of producer prices, finished consumer goods
(M).—Source 3
(48,86)
335. Index of producer prices, industrial commodities (M).—
Source 3
(48,85)
340. Index of average hourly earnings of production workers,
private nonfarm economy—adjusted for overtime (in
manufacturing only), interindustry employment shifts,
and seasonality (M).—Source 3
(49,87)
265. Federal Government purchases of goods and services as
a percent of gross national product (Q).—Source
1
(47,83)
266. State and local government purchases of goods and
services in current dollars (Q).—Source 1
(43,81)
267. State and local government purchases of goods and
services in 1972 dollars (Q).-Source 1
(43,81)
341. Index of real average hourly earnings of production
workers, private nonfarm economy—adjusted for
overtime (in manufacturing only), interindustry
employment shifts, and seasonality (M).—Source
3
(49,87)
268. State and local government purchases of goods and
services as a percent of gross national product (Q).—
Source 1
(47,83)
346. Index of real average hourly compensation, all
employees, nonfarm business sector (Q).—Source
3
(49,88)
280. Compensation of employees (Q).—Source 1
282. Proprietors' income with inventory valuation and capital
consumption adjustments (Q).—Source 1
(45,82)
348. Negotiated wage and benefit decisions, all industriesaverage (mean) first year changes (Q).—Source
3
(50,88)
237. Personal consumption expenditures, services, in current
dollars (Q).-Source 1
(41,81)
283. Proprietors' income with inventory valuation and capital
consumption adjustments as a percent of national
income (Q).-Source 1
(47,83)
349. Negotiated wage and benefit decisions, all industriesaverage (mean) changes over life of contract (Q).—
Source 3
(50,88)
238. Personal consumption expenditures, nondurable goods,
in 1972 dollars (Q).-Source 1
(41,81)
284. Rental income of persons with capital consumption
adjustment (Q).-Source 1
(45,82)
239. Personal consumption expenditures, services, in 1972
dollars (Q).-Source 1
(41,81)
285. Rental income of persons with capital consumption
adjustment as a percent of national income (Q).—
Source 1
(47,83)
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)
240. Gross private domestic investment, total, in current dollars (Q).—Source 1
(42,81)
241. Gross private domestic investment, total, in 1972 dollars (Q).—Source 1
(42,81)
242. Gross private domestic fixed investment, total, in
current dollars (Q).-Source 1
(42,81)
243. Gross private domestic fixed investment, total, in 1972
dollars (Q).—Source 1
(42,81)
245. Gross private domestic investment, change in business
inventories, all industries, in current dollars (Q).—
Source 1
(42,81)
116
(45,82)
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)
358. Index of output per hour, ail 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)
ll-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. G O V E R N M E N T
PRINTING O F F I C E : 1984
461-082/308
TITLES AND SOURCES OF SERIES- Continued
445. Number unemployed, females 20 years and over, labor
force survey (M).—Sources 2 and 3
(51,89)
565. National defense purchases as a percent of gross
national product (Q).—Source 1
(55,91)
47. United States, index of industrial production, total
(M).—Source 4
(14,20,39,58,63,78,94)
446. Number unemployed, both sexes 16-19 years of age,
labor force survey (M).—Sources 2 and 3
(51,89)
570. Employment in defense products industries ( M ) . —
Source 3; seasonal adjustment by Bureau of Economic
Analysis
(55,91)
320. United States, index of consumer prices, all items
(M).—Source 3
(48,59,84,95)
447. Number unemployed, full-time workers, labor force
survey ( M ) . - S o u r c e s 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 ) . - S o u r c e s 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)
453. Civilian labor force participation rate, both sexes 16-19
years of age (M).—Sources 2 and 3
(51,89)
580. Defense Department net outlays, military functions and
military assistance ( M ) . - U . S . Department of Defense,
OSD, C o m p t r o l l e r , D i r e c t o r a t e f o r Program and
Financial Control; seasonal adjustment by Bureau of
Economic Analysis
(54,91)
ll-D. Government Activities
588. Value of manufacturers' shipments, defense products
(M).—Source 2
(54,91)
452. Civilian labor force participation rate, females 20 years
and over ( M ) . - S o u r c e s 2 and 3
(51,89)
721. Organization for Economic Cooperation and
Development, European countries, index of industrial
production (M).—Organization for Economic Cooperation and Development (Paris)
(58,94)
722. United Kingdom, index of industrial production ( M ) . Central Statistical Office (London)
(58,94)
723. Canada, index of industrial production (M).—Statistics
Canada (Ottawa)
(58,94)
725. West Germany, index of industrial production ( M ) . —
Statistisches Bundesamt (Wiesbaden)
(58,94)
726. France, index of industrial production ( M ) . — I n s t i t u t
National de la Statistique et des Etudes Economiques
(Paris)
(58,94)
727. Italy, index of industrial production
Centrals di Statistica (Rome)
(M).—Istituto
(58,94)
500. Federal Government surplus or deficit; national income
and product accounts (Q).—Source 1
(52,90)
ll-E. U.S. International Transactions
501. Federal Government receipts; national income and product accounts ( Q ) . - S o u r c e 1
(52,90)
602. Exports, excluding military aid shipments, total ( M ) . —
Source 2
(56,92)
502. Federal Government expenditures; national income and
product accounts (Q).—Source 1
(52,90)
604. Exports of domestic agricuttual products (M).—Source 2;
s e a s o n a l a d j u s t m e n t by B u r e a u of E c o n o m i c
Analysis
(56,92)
732. United Kingdom, index of consumer prices ( M ) . —
Department of Employment ( L o n d o n ) ; percent changes
seasonally adjusted by Bureau of Economic Analysis
(59,95)
606. Exports of nonelectrical machinery (M).—Source 2;
s e a s o n a l a d j u s t m e n t by B u r e a u of E c o n o m i c
Analysis
(56,92)
733. Canada, index of consumer prices (M).—Statistics
Canada (Ottawa); percent changes seasonally adjusted
by Bureau of Economic Analysis
(59,96)
612. General imports, total ( M ) . - S o u r c e 2
735. West Germany, index of consumer prices ( M ) . —
Statistisches Bundesamt (Wiesbaden); percent changes
seasonally adjusted by Bureau of Economic Analysis
(59.95)
510. State and local government surplus or deficit; national
income and product accounts (Q).—Source 1 (52,90)
511. State and local government receipts; national income
and product accounts (Q).—Source 1
(52,90)
512. State and local government expenditures; national
income and product accounts (Q).—Source 1 (52,90)
517. Defense Department gross obligations incurred ( M ) . U.S. D e p a r t m e n t of Defense, 0SD, C o m p t r o l l e r ,
Directorate for Program and Financial Control; seasonal
adjustment by Bureau of Economic Analysis ( 5 3 , 9 0 )
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)
5 4 3 . Defense D e p a r t m e n t gross u n p a i d
obligations
outstanding ( E O M ) . - U . S . Department of Defense, OSD,
Comptroller, Directorate for Program and Financial
Control; seasonal adjustment by Bureau of Economic
Analysis
(53,90)
(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;
s e a s o n a l a d j u s t m e n t by B u r e a u of E c o n o m i c
Analysis
(56,92)
618. Merchandise exports, adjusted, excluding military grants
(Q).—Source 1
(57,93)
620. Merchandise imports,
(Q).—Source 1
adjusted,
excluding
military
(57,93)
622. Balance on merchandise trade (Q).—Source 1 (57,93)
651. Income
1
on
U.S.
investments
abroad
(Q).—Source
(57,93)
652. Income on foreign investments in the United States
(Q).—Source 1
(57,93)
728. Japan, index of industrial production ( M ) . — M i n i s t r y of
International Trade and Industry (Tokyo)
(58,94)
736. France, index of consumer prices ( M ) . — I n s t i t u t
National de la Statistique et des Etudes Economiques
(Paris); percent changes seasonally adjusted by Bureau
of Economic Analysis
(59,95)
737. Italy, index of consuner prices (M).—Istituto Centrale di
Statistica (Rome); percent changes seasonally adjusted by
Bureau of Economic Analysis
(59,96)
738. Japan, index of consumer prices (M).—Office of the
Prime Minister (Tokyo); percent changes seasonally
adjusted by Bureau of Economic Analysis
(59,95)
742. United Kingdom, index of stock prices
Statistical Office (London)
(M).—Central
(59,96)
667. Balance on goods and services (Q).—Source 1(57,93)
743. Canada, index of stock prices (M).—Statistics Canada
(Ottawa)
(59,96)
557. Output of defense and space equipment (M).— Source
4
(54,91)
668. Exports of goods and services, excluding transfers under
U.S. military grants ( Q ) . - S o u r c e 1
(57,93)
745. West Germany, index of stock prices (M).—Statistisches
Bundesamt (Wiesbaden)
(59,96)
559. Value of manufacturers' inventories, defense products
(EOM).—Source 2
(54,91)
669. Imports of goods and services, total
1
561. Value of manufacturers' unfilled orders, defense products (EOM).—Source 2
(54,91)
746. France, index of stock prices ( M ) . — I n s t i t u t National de
la Statistique et des Etudes Economiques (Paris)
(59.96)
ll-F. International Comparisons
548. Value of manufacturers' new orders, defense products
( M ) . — Source 2
(53,90)
564. Federal Government purchases of goods and services for
national defense (Q).—Source 1
(55,91)
(Q).—Source
(57,93)
19. United States, index of stock prices, 500 common stocks
(M).—Standard & Poor's Corporation (13,28,59,69,96)
747. Italy, index of stock prices
(Rome)
( M ) . — B a n c a d' Italia
(59,96)
748. Japan, index of stock prices ( M ) . — B a n k of Japan
(Tokyo)
(59,96)
Superintendent ot Documents
U.S. Government Printing Office
Washington, D.C. 20402
OFFICIAL BUSINESS
Penalty for Private Use $300
FIRST-CLASS MAIL
POSTAGE & FEES PAID
USDC
PERMIT No. G-56
@FedFRASER