Full text of G.12.3 Industrial Production : August 27, 1947

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BO.tib OP GOVERNORS OF T:X FEDERAL RESERVE SYI
For r e l e a s e i n afternoon papers, Wednesday, August
-

G.12.3

AGfust 2 7 , 1947

BUSINESS IB05XBS
1939 a v e r a g e " 100 f o r f a c t o r y employment and p a y r o l l s ;
1 9 2 3 - 2 5 a v e r a g e * 100 f o r c o m t r a c t i o n c o n t r a c t s ;
1 9 3 5 - 3 9 a v e r a g e » 100 f o r a l l o t h e r s e r i e s .
Adjusted f o r
seasonal v a r i a t i o n
1946
1W7
July
J u l y | June
Industrial production
Total
Manufactures
Total
Durable
Nondurable
Minerals

Construction c o n t r a c t s , v a l u e

pi?a

18k

172

pl80

185

174

pX85

191
216
168
148

177
202
157
li+6

p l 86
p210
pl66
pi44

191
219
169
152

178
203
159
150

136
116
152

165

*

161
168

*

158
127

162

179
162
193

PI30.I4

151.3
179.5

129.1

143.6
165.7

*

319.4
365.4
274.4

267.1
296.3
238.5

p209
pl65
p l 39

Total

*

Residential

*

All other

*

Factory employment
Total
Durable goods
Nondurable goods
Factory p a y r o l l s
Total
Durable goods

Without
s e a s o n a l ad j u s trie n t
1945
1947
July
June 1 J u l y

pite.7
pl75.o
P129.7
«

151,6
179.3

129.8

1^3.0
165.2
125.6

*»*>

- •

—

*

pl50.4
P175.7

•

126.2

N o n d u r a b l e goods

—

- -

Freight carloadings

134

137

139

140

142

143

Department s t o r e s a l e s , v a l u e

267

289

273

218

265

208

2U2

222

237

223

Department s t o r e stocks , v a l u e

*

*

*

1
p—Pre!iminary•
* Data n o t y e t a v c i l a b l e .
K o t f e t • • P r o d u c t i o n , c a r l o . d i n g s , and d e p a r t m e n t s t o r e g a l e s incex* s br.sed on d a i l y
a v e r a g e s . To c o n v e r t d u r a b l e m a n u f a c t u r e s , n o n d u r a b l e m a n u f a c t u r e s * end
m i n e r a l s i n d e x e s t o p o i n t s i n t o t a l i n d e x , shown i n F e d e r a l R z r v e Ch.xrt Book,
m u l t i p l y d u r a b l e by #379# n o n d u r a b l e by .469* end a i m . r : 1 s by . 1 5 2 .
C o n s t r u c t i o n c o n t r a c t i n d e x e s b a s e d on 3-Bionth moving a v e r a g e s , c e n t e r e d
a t second month# o f F* W# Dodge d a t a f o r 3 7 E a s t e r n S t a t e s #
To c o n v e r t i n d e x e s
t o v a l u e f i g u r e s , shown i n F e d e r a l R e s e r v e C h a r t B o o k , m u l t i p l y t o t a l by
$ 4 1 0 , 2 6 : , 0 0 0 , r e s i d e n t i a l by $ 1 6 4 , 1 3 7 , 0 0 0 and .11 o t h e r b y £ 2 2 6 , 1 3 2 , 0 0 0 .
En^loym^nt i n i ' * , w i t h o u t s e a s o n a l a d j u s t m e n t , r.nd p a y r o l l s i n d u x compiled
by Burt ^-u of l abor S t t i s t i c s .




2.
INDUSTRIAL PROEUCHOtf
( 1 9 5 5 - 3 9 • v o A g e s 100)
Adjusted f o r
seasonal-variation 1946
1S47
!
July
Junti
July |

Without
- seasonal "-djustm-nt
1946
1947
July
Juno
July

MrtKU F.K.C TUiSS
I r o n and s t e e l
Pig iron
Stool
Open h e a r t h
Electric
Machine- r y
T r a n s p o r t - 1 i o n equipment
Automobiles 1 /
K o n f u r r o u s m e t a l s and p r o d u c t s
Smelting and r e f i n i n g
l u m b e r f.nd p r o d u c t s
Lumber
Furniture
S t o n e , c l a y and g l a s s p r o d u c t s
Plato glass
Cement
Clay p r o d u c t s
Gypsum rnd p i r s t o r p r o d u c t s
Abrasive end a s b e s t o s p r o d u c t s
T e s c t i l u s and p r o d u c t s
Cotton consumption
Rf.yon d e l i v e r i e s
wool t e x t i l e s
Learner products
Teaming
Cattle-hido leathers
C c l f and k i p l e a t h e r s
Goat a n d k i d l e a t h e r s
S h e e p 2nd lcmb l e a t h e r s
Shoes
Manufactured food products
Y.hvat f l o u r
Meatpacking
O t h e r m a n u f a c t u r e d foods-.-.
P r o c e s s e d f r u i t s ft v e g e t a b l e s
p—Pro!iminary.

;

181

nh

198
166
425
p268
P223
p i 89
*

piei
p i 33
p l 21
p l 57
P198
124

t

Pl65
P223
p225
pl44
118
261+
*

*
*
*
*

•

P158
pl45
P152
P159
pl36

193
189
211
176
458
275
233
191
179
• 188
114
131
159
207
154
171
165
215
240
154
. 133
263
154
108
115
131
94
92
65
103
155
" 152
152
P157
132

18Q
178
190
169
343
243
241
176
151
140
129
121
114
192
129
155
147
187
233
145
127
239
144
103
99
117
66
45
125
106
150
127
165
153
175

181
174
198

166

425
p268
p223
P189
»
pl80
pi4i
pl32
P157
P199
124
*
Pl65
P2H3
p225
pi44
118
264

*
*
*
*

*
*

pl68
pi44
Pi43
pl66
pl76

193
189
211
176
458
275
233
191
179
197
148
142
159
209
154
183
163
220
• 246
154
133
263
154
107
112
126
. 96
92
au
103
155
146
150
Pl47
101

180
178
190
169
343
243
241
176
150
139
137
133
144
193
129 171
147
187
233
145
127
239
144
101

9U

.

110
66
- 45
116
106
161
125
154
162
228

* Data n o t y e t a v a i l a b l e .

l / T h i s s e r i e s i s c u r r e n t l y b a s e d upon m a n - h o u r s t a t i s t i c s f o r p l a n t s c l a s s i f i e d
i n t h e - a u t o m o b i l e a n d a u t o m o b i l e p a r t s i n d u s t r i e s and i s "designed t o mocsure
p r o d u c t i v e a c t i v i t y d u r i n g t h e month i n c o n n e c t i o n w i t h a s s e m b l y o f p a s s e n g e r
„ c a r s , t r u c k s , t r f i l e r s , and b u s s e s } p r o d u c t i o n o f b o d i e s , p a r t s , and a c c e s s o r i e s , i n c l u d i n g r e p l a c e m e n t p c . r t s ; atid o u t p u t o f n o n a u t o m o t i v t i p r o d u c t s mado
in t h e p l n n t s covurud.



3.

INDUSTRIAL PRODUCTION
(1935*39 - v o r r ^ e ' = 100)

—•*1
Without
scr.sonr.1 adj u s tanant
1946
1947
J u l y J June
July

Adjusted f o r
seasonal v a r i a t i o n
July

19U7
]

Jtino

191*6
July

MANUFACTURES ( e o n t ' d . )

papor Ciiid products
P porbof.rd
Newsprint production
P r i n t i n g end publishing
liewsprint consumption
Petroleum and coal products
Gf;so lino
Coke
Byproduct

160

•

142
91
plU7
131

179
91
146
131
P190
154
165

*

P157
*
*

Boohivo
Chemicals

•

P279
P252
P29U
p436
p210

Ryan
I n d u s t r i e ! chomicals
Rubber products

160

136
155
84

89
P137
113

124
121
P178
i a
160

339

250
251
440
216

160
17S
92
146 129
P190
154

*

142

*

P15T

165
160

*

155

*

136
155
82
115
104
P178
144

160
155
336

336
235
255
396
211

P279
P2U9
P29U
p436
p210

339
247
251
a o

216

255
396
211

153
199
128
154
103

pl43
Pll7
P 93
p l 58

153
147
110
159
149
306

153
159
128
154
126
295

232

lONERAis
Ftiols
Bituminous c o d
Anthracite
Crude petroleum
Met Is
Iron oro

pi43
pll7
P 93
P158

153
147

110

159

123

*

#
*

p—Preliminary.

,

,

.

* fteta not y e t avuii&blo.

FREIGHT C/SIOADINOS
( 1 9 3 5 - 3 9 avcrr.ge * 100)

tied
Coko
Grain
Livestock "
Forest products
Oro
Miscellaneous
Merchaidise, l . c . l .

-

• -

•

n

r

170
168

*107
152
194
143
71

141 "
173

140
107

145
.184
142
74

145
177
139
166
153
164
141
78

•

115
165
202
87
153
311
145
71

141

170
143
87
151
286
146
73

145
172

166
135
153
263

142
78

S o t o j — T o c o n v e r t c o a l and m i s c e l l a n e o u s i n d e x e s t o p o i n t s i n t o t a l i n d e x , shown
i n F e d e r a l Rosorve C h a r t Book, m u l t i p l y c o a l by . 2 1 3 end m i s c e l l a n e o u s by .51*8.