Full text of G.12.3 Industrial Production : August 27, 1948

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I#

D IN WLRb 8

BOARD OF GOVHFKOBS OF THE FEDERAL RESERVE SYSTE M
6.12.3

AUG 3 0 1943

For release in morning papers, Saturday, August 2E
^ j ^ u g u s t 2?, 1%8
BUSIHESS INDEXES

1939 average * 100 f o r f a c t o r y employment and p a y r o l l s ;
1923-25 average » 100 f o r construction contracts;
1935-39 average » ioo f o r a l l other s e r i e s .

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 carloadinge
Department s t o r e s a l e s , value
Department store stocks,, value
p--Preliminary.

Adjusted f o r
seasonal v a r i a t i o n
1948
1947
July
July 1 June

Without
seasonal adjustment
1948
i 1947
July 1 June i July

pl8?

192

176

P189

193

178

P193
p220
P172
pl?4

198
222
179
159

183
207
163
140

plS4
p221
P173
P159

199
223
179
163

184
208
164
145

201
177
220

155
136
170

#

233
194
265

170
138
196

158.7
183,9
136.9

154.5
178.8
135.4

P158.2
P184.7
P137.2

158.1
184.4
137.5

153.3
178.7
133.4

*

359.2
401.3
318.O

321.8
359-4
285.1

#
*

•

P159.4
P184.9
P139.3

»-•»

*
#

*

«*«•

• -

- •

*

138

139

135

143

144

140

P315

312

287

p24l

289

220

#

283

231

*

277

232

* Data not yet a v a i l a b l e .

Bote:—Production, carloadinge, and department s t o r e s a l e s indexes based on daily
averages. To convert durable manufactures, nondurable manufactures, and minerals
indexes t o points i n t o t a l index, shown i n 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 a t
secant; month, of F . W. Dodge data f o r 37 Eastern S t a t e s . To convert indexes t o
v a l u e i f i g u r e s , shown i n Federal Reserve Chart Book, multiply t o t a l by
$410,869,000, 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.

INDUSTRIAL PRODUCTION
(1935-39 W w g ^ - I(56J
. Mjustsd: for
seasonal variation
1^8
1947
June
IMZ

Without
seasonal adjuatnent
13W
M l
J u l y I June
July

201
186
228
176
595
P268
P235
P203
P190
pl87
P143
P135
pl59
P199
123

201
186
228
176
595
p268
P235
P203
P189
pl86
P152
pl48
P159
p201
123

J&L.

MAHUFACTUBES
Iron and steel
Pig Iron
Steel
"
Open hisartb
Electric
Machinery
Transportation equipment
Automobiles,(loci, parts)
Wonferrous metals and products
Smelting and refining
Lumber and products
Lumber
Furniture
Stone, clay and glass products
Plate glass
Cement
Clay products
Gypsum and plaster products
Abrasive end asbestos products
Teitilee and products
Cotton consumption
Bayon deliveries
Wool textiles
Leather products
Tanning
Cattle hide leathers
Calf and kip leathers
Goat and kid leathers
Sheep and lamb leathers
Shoes
Manufactured food products
Wheat flour
Meatpacking
Other manufactured foods
- Processed fruits & vegetables
p--Preliminary.




*

P171
P247
p248
P157
115
324
#
•

*

... . #
*

•
.

*

#•

. #

Pl$3
pl43
P1U3
pl69
pl40

r—Revised;,

207
196
A%6
rl80
r628
276
223
187
193
194
140
129
161
207
170
190
176
237
248
172
140
313
173
109
107
121
80
88
94
111 .
164
138
152
P171
159

181
174
198
166
429
266
217
185
171
181
133
121
155
195
124
164
160
224
220
142
118
263
130
101
106
121
78
90
84
- • 97
155
143
156
156
133

*

P172
p247
p248
P157'
115
324
•
*
•

.

*

*

•
#
*
.

*

Pl74
pl4l
P133
P176
Pl8l

.

20?
196
r2j6
neo
r628
276
223
18?
193
193
148
141
161
209
170
203
175
242
248
172
140
313
173
108
. 104
116
81
89
93
111
164
132
151
pl6l
122

181
174
198
166
' 429
266
• 217
185
* 171
180
•
141
133
• 155
I$6
124
181
160
224
220
142
118
263
130
99
100
114
77
89
78
97
166
141
146
163
173

* Data not y e t a v a i l a b l e .

3t ,v

INDUSTRIAL PRODUCTION
(1935-39 average • 100)
Adjusted f o r
seasonal variation
1948
1947 July
July
June
MtiTOFAGIDHBS (Cont'd.)
Paper and products
Paperboard
Newsprint production
P r i n t i n g and publishing
Newsprint consumption
Petroleum and coal products
Gasoline
Fuel o i l
Coke
Byproduct
Beehive
Chemicale
Paints
Soap
Rayon
I n d u s t r i a l chemicals
Rubber products

pl50
165
93
P190
145
p220
Pl?4
pi95
*
.

*

P3°O
P%5
pl6o
pl26
P310
p440
P197

Without
seasonal adjustment
1948
1 1947
July 1 June 1 J u l *

165
187
94
157
146
p221
173
m
175
168
408
256
154
124
309
449
205

-146
166
91
139
131
P195
157
178
161
156
307
251
152
135
291
438
20?

. pl49
I65
91
pl40
125
p220
P174
P199
»

164
157
105
173
128

144
117
93
160
117

pl6o
pl43
plOO
P173

*

P300
p251
P159
P124
P310
p440
P197

165
1S7
95
156
144
p221
173
194
175
168
408
253
158
122
309
449
205

145
166
89
130
113
P195
157
178
161
156
307
247
150
134
291
438
207

164
157
105
173
154
331

144
117
93
160
151
334

MINERALS
Fuels
Bituminous coal
Anthracite
Crude petroleum
Metals
Iron ore

pl60
pl43
plOO
P173
*

• •

L.

p—Preliminary.

*
*

* Data n o t yet a v a i l a b l e .
FHBICTT CAHLOADIBGS
(1935-39 average « 100)

Coal
Coke
Grain
Livestock
Forest products
Ore
Miscellaneous
Merchandise, l . c . l .

ia
183
158
86
165
185
141
64

153
387
144
86
150
191
140
66

115
170
168
107
152
194
143
71

lU
177
189
66
165
296
142
63

153
183
147
74
156
296
144
66

115
165
201
87
153
311
145
71

Note:--To convert coal and miscellaneous 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.