Full text of G.12.3 Industrial Production : August 27, 1946
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BOARD OP GOVERNORS OF THE FEDERAL RESERVE SYSTEM
For release i n afternoon papers, Tuesday, August 27, 1946
August 27, 1 ^ 6
G.12.3
BUSINESS IBEEXBS
W D H
AUG 2 8 1 9 4 6
1939 average z 100 f o r factory employment an< p a y r o l l s ;
192>-25 average : 100 for construction coi |g§ghR j,
,
1935-39 average 2 100 f o r a l l other s e r i e s .
Adjusted f o r
seasonal v a r i a t i o n
1%6
1945
July
July | June
I n d u s t r i a l production
Total
Manufactures
Total
Durable
Nondurable
Minerals
Construction c o n t r a c t s , value
Total
Residential
All other
Factory employment
Total
Durable goods
Nondurable goods
Factory payrolls
Total
Durable goods
nondurable goods
Freight carloadings
Department store s a l e s , value
Department s t o r e stocks,, value
p ~ P r e l iminary.
Without
seasonal adjustment
1946
1945
July
June
July
pi74
171
210
P 175
171
211
P179
p202
Pl60
pi46
176
194
l6l
i4o
222
292
165
143
pl80
P203
pl62
Pi49
176
195
161
143
223
292
167
145
174
177
172
54
23
79
m
201
195
207
61
24
91
*
*
*
pi4o.4
PI60.3
pl24«8
139.6
158.0
125.1
151.7
195.2
117.4
•«.
mm
—
mm
mm
***»
mm
*
*
pi4o,9
pi6o.4
P125.4
139.3
158.0
124.4
152.1
195.3
118.0
*
257.2
280.9
234.0
298.7
387.1
212.1
s
*
mm
139
133
139
143
137
143
p274
275
217
p208
253
163
210
176
205
175
*
*
* Data not yet a v a i l a b l e .
Motor—Production, carloadings, and department s t o r e s a l e s indexes based on d a i l y
averages# To convert durable manufactures, nondurable manufactures, and minerals
indexes to points i n t o t a l index, shown in Federal Reserve Chart Book, multiply
durable by .379* nondurable by .1*69, and minerals by .152.
Construction contract indexes based on 3-month moving averages, centered at
second nonth, of F. Y*. Dodge data f o r 37 Eastern S t a t e s . To convert indexes to
value f i g u r e s , shown in Federal Reserve Chart Book,multiply t o t a l by
# W , 2 6 9 , 0 0 0 , r e s i d e n t i a l by $184,137,000 and a l l other by $226,132,000.
Employment index, without seasonal adjustment, and payrolls index compiled
by Bureau of Labor S t a t i s t i c s .
2..
' iKbosisiM. ,PK)EucnoN
(1935-39' average s 100)
Without
Adjusted for
seasonal adjustment
spomywl- v a r i a t i o n
1945
19#
|i9ber~"s
1945
July
'
June
«Inly., ,r
KAmmcTDims
Iron and s t e e l
*79
Pig iron
179
Steel 4
189
Open hearth
168
Electric
• 337
Machinery
•p245
Transportation equipment
P2bh
Automobiles
-Pl78
Nonferrous metals and products
pl4l
Smelting and r e f i n i n g
P125
lumber and products
pl26
Lumber
Pli6
Furniture
pi47
Stone, clay, and glass products
Pl97
P l a t e glass
129
Cement
:
Clay products
pl49
Gypsum md p l a s t e r products
P192
Abrasive and asbestos products p246
Textiles and products
P153
Cotton consumption
127
Rayon d e l i v e r i e s
233
*
Wool t e x t i l e s
*
Leather products
*
Tannin?.
•
Cattle hide'leathers $
az>d kip l e a t h e r s
Goat and kid l e a t h e r s
'
$
Sheep and laznb l e a t h e r s
*
Shoes
Manufactured food products
pii+e
iih»at f l o u r .
Meatpacking
*
.^
pl6l
0 t h - r nanufactured foods
pi 51
Processed f r u i t s & vegetables P155
Tobfjco products
140
Clears
99
Cig&rettes
181
Other tobacco products
72
. *
*
•:
*
*
154.
ia
167
142
..3U3
. 242
242
171
135
. 110
133
127
. 146
190
119
" 155
148
193
238
165
152
240
175
pl 28
107
126
74
•45
128
pllt2
139
P99
• 85
151
161
153
108
.200
76
187
182
203
172
421
371
535
188
196
163
no
98
134
169
62
93
117
179
287
132
123
220
117
109
109
128
79
• 5.0--,
•133
109
147
135
• 140
150
134
328
83
162
83
179
179
189
168
337
P245
p2b4
P178
piia
pl24
p!34
P127
pl47
P198
129
*
P150
P192
P2L6
Pl5)
127
2))
*
*
*
*
*
*
*
P159
*
pl.5i
pl59
p201
145
99
190
72
154
144
167
142
• 343
242
242
171
135
110141
138
146
192
119
166
147
197
238
165
152
240
175
P127
104
123
76
46
127
pi42
137
p96
84
142
124
159 :
108
210
77
187
182
203
172
421
371
535
188
196
182
116
107
134
168
62
102
115
179
287
132
123
220
117
107
103
120
78
49
123
109
157
133
131
-157
174
133
•83
170
88
INDUSTRIAL FHOmCTION
(1935-39 average. ® 100)
. - -
»,
. ....
, ....... •
-
Acfjusted f o r
seasonal v a r i a t i o n
1945
July
j u l y ; f June
seasonal adjustment
1946
1945
J u l y | June
July
MANUFAC TORES "(Cont'd)
$
, s
155
84
Pl32
121
Paper and products
Paperboard
Newsprint production
P r i n t i n g and publishing
Hewsprint consumption
Petroleum and coal products
petroleum r e f i n i n g
Gasoline
. FXiel o i l
Lubricating o i l
Kerosene
Coke
Byproduct
Beehive
Chemicals
Rayon
I n d u s t r i a l chemicals
Rubber
li+7
135
149
80
105
88
p267
83
129
116
*
--
mm
pl4l
•
'
136
132
257
233
256
389
218
156
175
136
133
165
158
400
307
243
409
218
150
156
86
pi54
83;
1U8
146
117
153
109
P139
*
, .*
*
*
.
*
*
#
P332
p234
P258
P3Q9
P216
1U7
164
84
129
115
*
155
82
P12U
104
*
;
134l49
78
99
76
p267
•
'
- * *
Pli+l
.
»
*
»
#
*
P532
p230
p258
P389
p2l6
-
pl39
156
175
134
124
156 • 165
132
158
.400
257
231
303
256
243
409
389 ,
218
218
*
•
*
MINERALS
Baels
Bituminous coal
Anthracite
Crude petroleum w
Metals
Iron ore
pl 53
P159
pl28
pl54
*
Pl53
pl59
pl28
pl54
*
*
p—Preliminary or estimated.
.
. 148
150
146
156
66
117 •
pi54
153
100 • 125
289
2:3
» Data not y e t a v a i l a b l e .
HEIGHT CASLOADIMGS
{1935-39 average » 100)
Coal
Coke
Grain
Livestock
Forest products
Ore
Miscellaneous,
Merchandise, l . c . l .
j
;
, . ., ,
w
177
139
166
153
164
... .... .141..
76
146
140
126
rll8!
149
137
135 .
81
136
193
157
121
140
171
146
67
145
172
166
135
153
263
142
78
146
138
126
96
155
213
139
81
,
136
.187
188
97
140
2T3
148
•67"
N o t e f To convert coal and miscell lancous indexes to points i n t o t a l index, shown
in Federal Reserve Chart Book, multiply coal by .213 and miscellaneous by .548.
r—revised.
@FedFRASER