Full text of G.12.3 Industrial Production : August 27, 1951

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m FiLBsscrioNf
BOARD OF GOVERNORS OF T,JE FEDERAL REfERVE EY^TEM
For release i n afternoon papers, Monday, August 27, 19?1
August 27, 1951

G.12,3
BUFINEfS INDEXES
1939 average * 100 for employment and payrolls;
1923-25 average » 100 f o r construction contracts;
1935-39 average * 100 f o r a l l other s e r i e s .
Adjusted for
seasonal variation
1950
1951
July
July I June
Industrial production
Total
Manufactures
Total
Durable
Nondurable
Minerals
Construction contracts, value
Total
Residential
i l l other
Employment
Total nonagricultural
Total factory
Factory payrolls, t o t a l

Department store s a l e s , value
Department store stocks, , value
e—I

.

198

P213

222

196

p2lb

223

p222
p263
p!90
P157

232
275
198
166

206
235
181
Uli

p223
p26b
P191
pl62

233
276
198
169

207
237
182
1L9

p286
p279
p291

37U
289
Wi3

325
369
289

P3U
p283
P335

1i36
317
532

351
372
333

P153.7
plBO.l

153.9
161.1

1L6.1 |pl53.2
150.9 pl57.b
el25.2
—

153.7
l59.li
135.7

1L5.6
118.3

367.5

™

freight carloadings

Without
seasonal adjustment
1950
1951
July
July | June

—*

125

131

126

130

137

130

e308

301

362

e2to

231*

283

*

353

269

3ul

258

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

Note: Production, carloadings, and department store s a l e s indexes based on
d a i l y averages. To convert durable manufactures, nondurable manufactures, and
minerals indexes t o points in t o t a l index, shovm in Federal Reserve Chart Book,
multiply durable by .379, nondurable by .ii69, and minerals by .152.
Construction contract indexes based on 3-month moving averages, centered
a t second month, of F.
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 i n Federal Reserve Chart Book, multiply t o t a l
by ^10,269,000, r e s i d e n t i a l by $1824,137,000 and a l l other by $226,132,uOO.
Factory employment index, without seasonal adjustment, and payrolls
index compiled by Bureau of Labor S t a t i s t i c s .




INDUSTRIAL PRODUCTION
(1935-59 average • 100)

2.

Adjusted for
seasonal variation

1951

1950

idthout
seasonal adjustment
1951
I 1950
July | June! J u l y

June

duly

228
223
264
201
710
265
272
262
202
208
199
151
i4o
174
212
208
161
165
123
361
101
91
106
56
80
76
107
167
113
151
175

p254

P167
pl06
P157
pl75

26l
23k
296
213
884
339
307
239
205
221
199
154
147
166
238
235
186
190
157
378
99
89
110
51
73
50
106
pl65
ploo
145
174

pl47
161
98
225
57

161
171
115
233
66

147
154
96
212
59

July

j

Mfc-UFACTISSS
Iron end s t e e l
Pig iron
Steel
Open h e a r t h
Electric
Machinery
Transportation equipment
Automobiles (incl* parts)
Conferrouo n e t a l s and products
&nelting and r e f i n i n g
Fabricating
Lumber and products
Lumber
Furniture
Stone, c l a y I g l a s s products
Cedent
Clay products
Textiles and products
Cotton consumption
Rayon d e l i v e r i e s
Leather products
Tanning
C a t t l e hide l e a t h e r s
Calf and 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
iheat f l o u r
»eatpacking
Other manufactured foods
Processed f r u i t s &
vegetables
Tobacco products
Cigars
Cigarettes
Other tobacco products
p~-ire1iminary*




p254
*

295
215
866
P527
P283
p209
p202
p220
pl94
P137
pl26
ploo
p234
226
pi 82
pl64
123
378
*
•

*
*
*

*
*

P178
P105
pi46
pl82

261
234
296
213
884
339
307
239
205
220
199
164
163
166
241
251
185
190
157
378
98
86
105
52
74
50
106
pl64
P 96
114
165

228
223
264
201
710
265
272
262
202
207
199
161
155
174
214
229
162
165
123
361
99
87
100
56
79
71
107
178
112
141
182

pl91
167
98
236
'57

124
178
115
245
67

191
160
96
223
59

*

295
215
866
P327
p283
p209
p201
p219
pl94
pi46
pi39
pl60
P237
248
P 183
P164
123
378
•
*
*
*
*

*
*

* Data not y e t a va 'liable

#
I&bUSIHlAL
ICT1W
* (1935-39 average ^ 100)
Adjusted for
seasonal variation
1951
| 1950
J u l y 1 June j J u l y

Without
seasonal aujustFient
ly;0
1951
July
July | Juno

p!91
217

Al UF/.v'TT C (Cont'd.)
Paper and products
raperkoard
I- er sprint
Printing and publishing
Nev/pr int consumption
Petroleum and coal rroducits
Gasoline
Fuel o i l
Coke
Byproduct
Beehive
Chemicals
Faints
Rayon
Industrial chemicals
Rubber products

p'°2
Ps~>2
pi66
P591
P55-8
p24e

176
17C
36C
£5C
i59
3-5
453
222

pl6o
97
105
66
P191
P170
P394

169
253
133
66
191
172
392

148
101
139
68
171
15-3
343

pl 90
217
121
P159
143
p264
p211
p215

p)92
P?o6
pl68
P391
P558
p248

173
198
117
162
167
229
194
187
176
170
368
263
161
359
453
222

pi 60
97
105
66
Plpl
pl 38

169
123
133
86
3 91
146

148
101
109
68
171
124

P171
166
p26L
p211
p215
#
*

172
196
115
150
144
2"9
1 4

209
24?
129
172
l6l
2C4
212
215
167
179
477
303
165
385
543
255

209
247
127
173
163
264
212
215
187
179
477
302
161
385
548
255

*

*

SERAIS
Fuels
Coal
Bituminous coal
Anthracite
Crude petroleum
Met a la
Iron ore
p—?rei ininary

*

Data a c t ;;*et available

FREIGHT C 1C 1 WCfS
(1935-39 aver e * 100)
Coal
Coke
Grain
Livestock
Forest products
Ore
Miscellaneous
kwrohandise, l * c , l *

97
215
ISO
6l
143
203
142
45

120
217
123
r 6l
152
207

144
47

10 5
195
135
61
ll+8
186
liiO
51

ti-7
2 0
156
50
143
325
143
44

120
212
125
49
158
321
ltd
47

1<)5
190
162
48
j-0.9
2-/8
141
51

hotel
To convert' coal and miscellaneous indexes' to points in t o t a l iiidox#
shoim in Federal Reserve Chart ^ook^ multiply coal by ,21) and miscellaneous
by