Full text of G.12.3 Industrial Production : April 17, 1941

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REO'D IN FILES SECTION
A P R : ^ 1941
BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYS 'EM
^

Released for publication
Saturday morning, April 19

R&G BI - 200
April 17, 1941

BUSINESS HIDEXES
(1955-39 average = 100 for industrial production;
1923*25 average « 100 for all other series)
Adjusted for
seasonal variation
1940
1941
Mar.
Mar. I Feb.
Industrial production
Total
Manufactures
Total
Durable
Nondurable
Minerals
Construction contracts. value
Total
Residential
All other
Factory employment
Total
Durable goods
Kendurable goods
Factory payrolls
Total
Durable goods
Nondurable goods
Freight-car loadings
Department store sales. value
Department store stocks , value

Without
seasonal adjustment
1941
1940
Mar.
Mar# | Feb#

pl43

141

113

pl43

1&8

I

112

pl46
pi 71
pl26
pi 24

145
172
123
118

112
118
106
117

pl48
pi 78
pl25
pll6

142
167
122
11C

112
121
105
110

p96
p76
pill

99
76
118

62
57
66

p96
p79
pl09

86
68
100

63
60
66

*
*
*

118.6
122.1
116.2

104.0
96.6
109.2
e *

,»

• •
# •

•*

*
*
*

•
*

*

117.8
121 #0
114#7

104.4
99 #1
109.5

126 #9
139 #4
112.9

99 #8
98.7
101.0

87

86

69

83

79

67

plOS

103

69

p94

82

86

*

73

70

*

70

71

p~-Preltainary •
* Data not yet available*
Hot® s—Production, carloadings, and department store sales indexes based on daily
averages * To convert durable manufactures, nondurable manufactures, and minerals
indexes to points in total index, shown in Federal Reserve Chart Book, multiply
durable by .379, nondurable by #469, and minerals by #152.
Construction contract indexes based on 3-month moving averages, centered at
second month, of P. W# Dodge data for 57 Eastern States * To convert indexes to
value figures, shewn in Federal Reserve Chart Book, multiply total by #410,269,*
000, residential by *184,137,000, and all other by #226,132,000.
Employment index, without seasonal adjustment, and payrolls index compiled
by Bureau of Labor Statistics#



^

INDUSTRIAL PRODUCTION
(1935-39 average = 100)
Adjusted for
seasonal variation
1940
1941
Mar.
Mar. 1 Feb.
MANUFACTURES
Iron and steel
Pig iron
Steel ingots
Machinery
Transportation equipment
Aircraft
Automobiles
Railroad cars
Locomotives
Shipbuilding
Sonferroue metals and products
Copper smelting
Zinc smelting
Copper deliveries
Zinc shipments
Lumber and products
Lumber
Furniture
Stone, clay, and glass products
Polished plate glass
Textiles and products
Cotton c onsumpt ion
Rayon deliveries
Silk deliveries
Wool textiles
Leather and products
Leather tanning
Cattle hide leathers
Calf and kip leathers
Goat and kid leathers
Shoes
Manufactured food products
Wheat flour
Cane sugar meltings
Meat packing
Other manufactured foods
Paper and products
Paperboard
Printing and publishing
Newsprint consumption
p—Preliminary or estimated.




pl68
170
pies
pl82
pl08
p750
pl45
plSl
p250
p321
pl85
pl36
155
p211
142
pi 28
126
pl54
pl58
135
pl43
147
pl£7
P?!
pl5C
pl09
*

*
*

*

pi 14
pl20
105
pl25
pl33
pi 20
•

138
*

s

168
178
167
177
199
728
155
187
218
316
104
141
155
218
146
135
139
129
158
136
134
142
148
67
136
108
103
112
92
87
111
118
105
118
126
118
12S
134
114
105

106
118
105
123
132
299
120
149
101
15o
132
127
130
125
117
111
110
112
120
105
100
108
139
54
77
94
92
95
84
92
95
112
100
86
128
112
110
109
106
103

Without
seasonal adjustment
1S40
1941
Mar. ! Feb.
Mar.
plSl
178
pl81
pl83
p203
p?S0
pl61
pi 71
p£45
p334
pi 90
pl3-3
163
p21D
145
pi 24
118
pl36
pl31
141
pl46
156
pl43
p74
pl50
pll7
*

*
*
*

p!26
p!07
102
pl38
pl20
pl05
*

144
*
*

172
176
172
177
199
728
161
1G0
222
307
181
140
153
209
149
119
115
129
112
131
142
152
146
68
149
117
112
125
93
90
120
103
104
115
122
103
133
138
115
104

113
124
112
126
144
299
134
168
95
162
134
137
137
129
120
107
104
113
101
111
101
115
132
66
77
100
92
95
79
91
106
100
97
95
116
98
114
113
111
107

* Data not yet available.

INDUSTRIAL PRODUCTION
(1935*39 average = 100)
Adjusted for
seasonal variation
1940
1941
Mar.
Mar. I Feb.
Manufactures (Cont'd)
Petroleum and coal products
Petroleum refining
Gasoline
Fuel oil
Lubricating oil
Kerosene
Beehive coke
Chemicals
Rubber products
Rubber consumption
LISiERiiLS
Fuels
Bituminous coal
Anthracite
Crude petroleum
Metals
Iron ore
Copper
21no
(Sold
Silver

*
*
*

•
*
*

p353
pl25
plSO
155

pl20
pl49
?102
pllO
plSO
188
pl48
140
*

t

121
117
118
122
104
123
295
125
150
152

118
117
115
121
124
123
80
109
116
116

113
114
102
11S
160
186
151
142
133
135

114
109
84
120
13?
151
141
124
124
113

Without
seasonal adjustment
1940 '
1941
Mar.
Feb.
Mar,

p442
pi 30
pl 60
153

120
115
114
124
103
124
3S8
•1.23
147
149

114
113
109
119
123
125
100
113
116
116

pi 19
pl43
pl05
pill
p93

118
134
112
112
98

114
104
86
121
87

*
*

*
*
*
*

*

*

*

pl51
147
*

154
145
122
137

14s
UG
103
118

91
114
74
31
54
36
95
64

69
119
65
31
54
33
89
62

70
73
69
31
44
26
74
60

*

FBEIGm+CAR LOADINGS
(1925-25 average * 100)
Coal
Coke
Grain
Livestock
Forest products
Ore
Miscellaneous
Merchandise, l.c.l.

86
109
80
38
53
146
99
64

75
89
71
38
56
138
104
65

66
70
75
39
43
105
77
50

p—Pre liminary or estimated.
' * Data not yet available,"
Note;—To convert coal and miscellaneous indexes to points in total index, shown in
Federal Reserve Chart Book, multiply coal by .210 and miscellaneous by .477.