Full text of G.12.3 Industrial Production : December 18, 1939

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OBS OF THE FEDERAL RESERVE S*TEM
R&S BI - 164
December 18, 1S59

Released for publication
Tuesday morning, December 19
BUSINESS INDEXES
(1923-1925 average = 100)
Adjusted for
seasonal variation
1938
1939
Nov.
Nov. 1 Oct.
Industrial production
Total
Manufactures
Total
Durable
Nondurable
Minerals
Construction contracts. value
Total
Residential
All other
Factory employment
Total
Durable goods
Nondurable goods
Factory payrolls
Total
Durable goods
Nondurable goods
Freight-car loadings
Total
Miscellaneous
Department store sales. value
Department store stocks,, value

Without
seasonal adjustment
1938
1939
Hov.
Nov, | Oct.

p!24

121

103

pi 24

124

104

pi 24
pl30
pll8
pl24

121
123
119
121

103
94
110
102

pi 23
pi 25
pl22
pl26

122
123
122
132

103
92
113 105

p72
p65
p77

76
68
82

96
56
128

p65
p63
p67

72
66
77

*
*
*

101.2
94.6
107.6

92.8
82.1
103,1

*
*
*

• •

*

*#

*

# #

••

*

85
54
111

103.6
96.1
110.7

9?.3
82.9
103,1

101.6
99.7
103,8

84.4
77.6
92.1

62
89

80
86

69
74

83
91

89
97

70
76

p94

SO

89

plOS

99

99

»

69

67

*

77

78

p—-Preliminary.
* Dat#, not yet available,
Hotei—-Production, carloadings, and department store sales indexes based on daily
averages. fo convert durable and nondurable manufactures indexes to points in
total Index of manufactures figures, shown in Federal Reserve Chart Book, multiply durable by ,465 and nondurable by *637,
Construction contract indexes based on 3-month moving averages, centered at
second month, of F. W, Dodge data for 37 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 f226,1*32,000.
Employment index, without seasonal adjustment, and payrolls index compiled
by Bureau of Labor Statistics.



INDUSTRIAL PRODUCTION
(1923-1926 average = 100)
Adjusted for
seasonal variation
1938
1939
Kov.
Nov, 1 Oct.

Without
seasonal adjustment
1938
1939
Nov.
Nov. 1 Oot*

MANUFACTURES
Durable goods
Iron and steel
Pig iron
Steel ingots
Automobiles
?late glass
Tin deliveries
Beehive coke
Nondurable goods
Textiles
Cotton ooxmuaption
Silk deliveries
Slaughtering and meat packing
Hogs
Cattle
Calves
Sheep
Wheat flour
Sugar meltings
Leather and products
Tanning
Cattle hide leathers
Calf and kip leathers
Goat and kid leathers
Newsprint consumption
Petroleum refining
Gasoline
Kerosene
Fuel oil
Imbricating oil
MINERALS
Bituminous coal
Anthracite
Petroleum, crude
Zinc
Iron ore
Silver
p—Prel iminary




6

165
126
158
pl09
191
119
p29

152
119
156
93
222
95
22

100
77
103
115
155 ,
73
6

126
129
120
99
99
95
110
144
91
91

112
112
123
94
88
96
112
162
86
100

pl30
140
98
111
110
108
112
152
89
66

129
133
120
97
84
111
116
158
102
87

116
117
127
104
97
111
114
151
93
78

107
90
94
89
77
128
208

pl07

*

108
93
97
73
103
137
232

*

118

104

119
99
100
86
107
146
233
296
124
155
149

102
88
93
85
76
137
208
269
113
140
109

104
74
183
106

'86
60
163
88
35

167
125
171
p91
191

157
119
160
78
222

p28

23

pl26
136
96
100
100
54
110
164
82
85
pll2

>

*
*
*

131

,.

108
76
112
96
156
•*

p91
pl8S
117
155
*

140
*

*
*
*

**

*t

peso

*
•
*
*

94
58
181
110
128
91

77
68
164
88
42
51

pl02
p62

pl86
117
130
#

a s

90

55

* Data not yet available.