Full text of G.12.3 Industrial Production : December 18, 1940

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^fttEC'D IN FILES SECTION

DEC 1 1 9 4 0
BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTBM
R&8 BI - 196
December 18, 1940

Released for publication
Thursday morning, December 19
BUSH3BSS DJDE^ES

(1935-1939 average « 100 for industrial productions
1923-1925 average * 100 for all other series)
Without
seasonal adjustment
1929
1940
Nov.
Hov, I Oct .

Adjusted for
seasonal variation
"1639
1940
Nov.
Nov. I 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

*

pl32

129

124

pl35

134

12a

p!35
pi 53
p!20
pll8

131
151
116
113

124
133
117
120

pl37
pl57
pl21
pl21

136
155
121
122

126
136
118
123

pWB
pB4
pllB

96
85
103

83
61
101

p92
p60
pl02

90
82
97

74
59
87

107 #7
108 #4
107 #0

103 #4
97 #4
109 #2

110.1
109.9
110.2

103.9
96.3
10S.2

114.5
122.2
105.9

101.7
101.1
102 #4

*

*

*

*

*
*
*

*
*

83
94

77
89

82
89

84
95

86
100

83
91

Department store sales, value i/ plOl

r94

r93

pll6

101

106

71

71

*

79

82

Department store stocks., value
p — P r e 1 Iminary#

*

* Data not yet available.

1/ Seasonal factors revised# Other revisions will be shown in the Federal Reserve
Bulletin for January 1941#
Netei—Production, carloadings, and department store sales indexes based on daily
averages.
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, shown in Federal Reserve Chart Book, multiply total by #410,269,000, residential by 1184,137,000, and all other by 8226,132,000#
Employment index, without seasonal adjustment, and payrolls Index compiled
by Bureau of Labor Statistics#



+

INDUSTRIAL PRODUCTION
(1935-1939 average = 100)
Adjusted for
seasonal variation
1939
1940
Nov.
Nov, 1 Oct.
Durable manufactures
Iron and steel
Pig iron
Steel ingots
Machinery
Transportation equipment
Automobiles
Nonferrous metals and products
Copper smelting
Copper deliveries
Zinc shipments
Lumber and products
Lumber
Stone, clay, and glass products
Polished plate glass
Nondurable manufactures
Textiles and products
Cotton consumption
Rayon deliveries
Silk deliveries
Leather and products
Manufactured food products
Wheat flour
Cane sugar meltings
Meat packing
Paper and products
Paperboard
Printing and publishing
newsprint consumption
Petroleum and coal products
Beehive coke
Chemicals
Rubber products
Rubber consumption
MINERALS
Fuels
Bituminous coal
Anthracite
Crude petroleum
Metals
Iron ore
Copper
Zinc
Gold
Silver
• Data not yet available.




166
173
165
plSl
pl61
pl34
p!67
p!32
pl79
139
p!27
pl28
*
113

165
169
166
146
157
130
162
130
170
142
123
124
127
111

161
163
161
123
103
91
153

pl33
135
pl46
p79
pl03
plT9
99
pl49
pl33

123
126
130
71
p95
117
104
116
127
122
123
108
104
116
251
116
120
122

128
124
146
89
108
110
97
92
116
134
134
117
101
120
244
111
126
127

109
98
91
115
135
156
140
132
125
113

118
119
97
120
131
155

*

132
$

106
*

p323
*

pl25
127
pll5
pllS
p94
pllS
pl38
163
pl40
135
*
*

e #
# *

154
121
121
120
112

# #

127
113
109

Yfithout
seasonal adjustment
1939
1940
Nov.
Nov. I Oct.
166
173
165
pl51
pl83
pl62
pi 70
P 139
pl81
146
p!26
pl24
*

129
pl3S
139
pl51
p89
pS4
pll7
103
pl22
plEl
*

132
»
111
*

p35£
»
pl29
131
pll7
pl29
p96
pi 14
pl45
162
P 146
137
•
*

164
169
163
149
167
142
165
138
173
143
132
132
143
127

161
163
161
123
119
111
157
# #
& #

,

126
129
144
77
p96
126
113
113
127
127
130
113
111
118
259
120
120
122
112
110
97
114
184
294
145
132
156
116

162
120
116
126
127
131
120
152
101
99
109
100
76
131
133
134
119
106
121
269
113
129
131

/

120
125
99
116
141
165
• e

128
130
108

p—Preliminary or estimated.