Full text of G.12.3 Industrial Production : December 19, 1941

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RECD IN FILES SECTTON

DEC 2
BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEa
R&S BI - 208
December 19, 1941

Released f o r publication
Saturday morning, December 20
BUSINESS INDEXES

1936-39 average « 100 f o r industrial production and f r e i g h t - c a r l o a d i n g s ;
1923-25 average » 100 f o r a l l other s e r i e s
Adjusted f o r
seasonal variation
1941
1940
Bov. | Oct.
&OV.
Industrial 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-car loadings
Department store s a l e s , value
Department store stocks, » value

Without
seasonal adjustment
1940
1041
Bov.
Gov. i Oct.

pl67

163

134

pi 67

167

136

pi 73
p212
pl42
pl2S

169
207
138
130

137
157
120
11S

pl75
p212
pl42
pi 33

172
210
142
137

139
161
121
119

pl38
P 71
pi 93

145
87
192

111
87
130

pl22
p68
pl66

137
64
161

99
83
112

132.7
142,3
123.6

114.2
114.6
113.8

135.3
144.0
127.1
166.6
191.1
139.2

114,7
115,6
113,9
t •
116:4
125,1
106.6

*
*

''*
# •

..

..

*
*

* .

• •

*

• .

*

•V

*

135

127

116

141

144

122

pllS

105

100

pl32

112

114

»

97

71

*

108

79

^•Preliminary,
* Data not yet a v a i l a b l e .
N o t e P r o d u c t i o n , 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 i n t o t a l index, shown in 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 at
second month, of F, W. Bodge data f o r 37 Eastern s t a t e s * To convert indexes t o
value f i g u r e s , shown in the Federal Reserve Chart Book, multiply t o t a l by $410,*
269,000, 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.
DBUSTRIAL PRODUCT!#
(1935-39 average * 100)
Adjusted f o r
seasonal variation
1940
1941
Nov. | Oct.
Nov.
KAmmCTUIiES
191
Iron and s t e e l
184
Pig iron
207
Steel
Open hearth and Bessemer
176
Electric
425
Machinery
p234
Transportation equipment
p286
Aircraft
pl397
Automobiles
Bodies, p a r t s , & assembly pl52
Factory s a l e s
pi 24
Railroad oars
p279
Locomotives
p339
p659
Shipbuilding
Nonferrous metals and products plSO
Copper smelting
pl38
179
Zinc smelting
p219
Copper d e l i v e r i e s
Zinc shipments
147
*
Lead shipments
Lumber and products
plS8
Lumber
pl31
plSO
Furniture
Stone, c l a y , and g l a s s products pl59
Polished p l a t e g l a s s
105
T e x t i l e s and products
pl55
Cotton consumption
167
Rayon d e l i v e r i e s
pi 79
Wool t e x t i l e s
pl<54
Leather and products
pi 31
*
Tanning
*
Cattle hide leathers
*
Calf and kip leathers
*
Goat and kid leathers
Shoes
pl33
Manufactured food products
pl38
Wheat f l o u r
103
Meat packing
pl35
Other manufactured foods
pl42
*
Paper and, products
Paperboard
157
Newsprint production
110
*
Printing and publishing
*
Newsprint consumption
p~~Prel isiinary



Without
seasonal adjustment
1940
1941
Hov.
Nov. | Oct.

191
184
206
178
410
231
268
1290

171
173
177
164
263
152
171
600

191
184
207
176
425
p234
p286
p!397

191
184
206
178
410
231
268
1290

172
173
178
166
265
152
185
600

146
110
279
335
627
186
137
176
210
143
216
135
129
146
158
102
150
161
172
1S4
124
129
138
107
121
122
131
101
133
133
145
158
110
127
105

125
134
166
rl62
826
155
135
147
179
144
145
127
128
125
130
113
135
139
146
140
107
100
110
92
82
112
117
99
133
116
125
132
109
110
106

pl52
pi 24
p279
p339
p659
pl 90
pi 38
179
p219
147

146
110
279
335
627
185
137
176
210
143
216
145
138
159
176
117
150
161
172
164
126
129
139
103
120
124
140
110
134
149
151
167
110
131
112

143
161
153
rl57
219
158
139
147
181
147
155
126
123
130
136
129
137
139
151
139
98
101
114
87
79
96
116
103
151
117
124
132
112
112
111

r—Revised.

*

pl36
pl2<5
pl56
pl55
120
pl55
167
pl79
pl64
pl21
*
*
*
#

pll5
pl36
107
pl52
pl43
*

167
115
*

*

.

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

INDUSTRIAL PRODUCTION
(1936-39 average » 100)

i

Without
seasonal adjustment
1940
1941
Nov.
Nov,, I Oct#

#

Adjusted f o r
seasonal.variation
1940
1941
Nov*
1 Oct.

KAimFACTUKEo (Cont'd)
Petroleum and coal products
Petroleum r e f i n i n g
Gasoline
Fuel o i l
Lubricating o i l
Kerosene
Beehive coke
Chemicals
Rubber product;?
Rubber consumption
MINERALS
Fuels
Bituminous coal
Anthracite
Crude petroleum
Metals
Iron ore
Copper
Lead

*
*
*

*
*
*

p410
pl66
»
*
pl27
pi 23
p97
pl32
pl43
193
pl52
*

133
129
131
129
129
121
437
147
134
137

118
114
112
116
115
123
281
117
132
133

127
127
116
126
148
203
150
119

113
112
97
115
148
192
143
113

p—Preliminary or eetiin&ted.

*

.. *
*
*

*

p410
pi 58
*
*
p!29
p!40
p99
p!28
plS9
231
pl56
#

'

135
132
134
130
129
121
437
151
134
137

119
115
113
117
115
126
309
120
135
138

131
142
123
127
176
281
155
119

115
128
98
111
146
162
147
114

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

FREIGHT-CAR LOADINGS
(1935-35 average » 100}
Coal
Coke
Grain
Livestock
Forest product*
Ore
Miscellaneous
Merchandise, l » c . l .

121
159
118
93
146
204
144
99

121
165
97
95
140
204
133
97

109
150
98
98
131
181
120
97

135
168
115
117
143
199
150
101

138
165
104
146
147
232
151
101

121
159
96
124
129
145
125
98

Hotes—To convert coal wad miscellaneous indexes t o points in t o t a l index, multiply
coal by .212 and miscellaneous by .548.




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