Full text of G.12.3 Industrial Production : December 27, 1943
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mtfWriuss w a r n
D E C 2 71943
BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYS
afcs §! •; m
Decefibeir 27, 1943
For release in morning papers
Monday, December 27, 1943
BUSINESS KDEXES
1935^9 average * 100 for industrial production and freight carloadings;
1939 e 100 for factory employment and payrolls $
1923-25 average * 100 for all other series
. . . . . . .
Industrial production
Total
Manufactures
Total
Durable
Nondurable
Minerals
Construction contracts, value
Total
Residential
All other
Factory employment
f
Total
i
Durable goods
l
Hondurabl; goods
\
Factory payrolls
»
Total
|
Durable goods
\
Nondurable goods
;
Freight carloadings
*
]
Department store sale^, value
Department store stocks, value
Adjusted for
seasonal variation
1943
19x2
Nov.
Sov. 1 Oct.
Without
seasonal adjustment
r IE42
1943
Nov.
Nov. | Oct,
p247
247
220
p247
249
220
p267
p377
pl78
pl32
266
575
178
135
236
319
168
130
p268
p378
pi79
pi31
269
375
181
140
236
319
168
132
p48
p32
p61
49
34
61
198
SO
286
p43
p31
p52
47
33
68
174
86
246
pl70,7
p253.S
pl20,9
170.0
232.0
121.1
161,5
210.2
123.2
mmmm
mmm
—
.
pi70.7
p234«0
pl20.9
»
*
*
170.4
232.2
121.7
161.9
210.4
123 .-8
333.4
470.3
199.6
280.4
382*8
180.3
139
137
136
142
147
140
plS2
140
138
pl?5
150
157
*
107
105
*
120
122
p—Preliminary or estimated.
r—Revised.
* Data not yet available.
Hote .—Production, oarloadings, and department store sales indexes based on daily
averages, To convert durable manufactures, nondurable nanufaotures, and minerals
indexes to points ip total index, shown in Federal Reserve Chart Book, multiply
durable ly *379, nondurable by .469, and :.;iii*,ruls by .152.
Construction contract indexes based on 3-month moving averages, centered at
eocond month, of F W • Dodge data for 37 Eastern States. To convert indexes to
value figures, chowfc in the Federal Reserve Chart Book, Multiply total by
$410,269,000, residential by *184,137,000, and all other by £223,132,000.
Employment index?, without seasonal adjustmentf and payrolls index compiled
by Bureau of Labor Statistics*
2.
IHBUSTRIAL PRODUCTION
(1935-39 average - 100)
1
j
1
i
~
•»* ^
^
h
* ^
*
-
<
v
^
x
*- " *•
IBWACTBHBS *
'
*!
$
«
Iron and aW e i
\
Pig iron
]
Steel
5
Open hearth
{
Bleotrlo
I
Machinery
;
Transportation equipment
Nooferroue metals and products
Lumber and products
?
Lumber
f
Furniture
;
Stone, clay, * glass products
Plate glass
\
Cement
j
Clay products
j
GypBUB and plaster products
Abrasive a&d asbestos' products
Textiles and products \
Cotton consumption >.
Rayon deliveries
i
Wool textiles
)
Leather products
i
Tanning
I
Cattle hide leathers
Calf and kip leathers
Goat and kid leathers
' Sheep anc lamb leathers
Shoes
Manufactured food products
Wheat flour
|
Meatpacking
j
Other manufactured fqods
Processed fruits and vegetables
Tobacco products
Cigars
Cigarettes
Other tobacco products
Paper and products
Paperboard
newsprint production
Printing and publishing
Newsprint Poneumption
Without
Adjusted for
seasonal variation .: „ seasonal adjustment
1943
| 1942
1*42
1643 .
Nov. 1 Oct, \ Hov, HOVe
' 1W l, irt4 rai1
+ ^ -" "- ".
'
p«-Preiialnw,y or aatlfliftioi*1
' p209
200
p235
pl84
p592
p464
p788
•
'
plS4
pl23
pl64
*
54
*
pl25
pl92
p329
pl51
153
pl91
*
pl06
*
*
*
*
*
pl08
pl47
pl28
pl87
pl41
pll8
148
101
186
100
*
. 151
86
pl07
90
-
'214
202
241
190
607
458
782
289
128
115
152
171
47
107
124
194
326
152
156
186
152
109
103
102
77
95
173
113
142
117
168
140
121
159
100
173
93
141
148
83
110
96
204
201 t
224
182
527
392
600
239
132
126
142
170
35
172
144
192
270
159
171 "
177
161
117
125
139
94
81
163.
Ill
140
125
149
139
122
138
117
163
94
137
137
102
116
106
p209
* 200
p235
pl64
pS92
p464
pf88
*
pl32
pi 20
pl54
•
54
*
pl31
pl96
p329
pl51
153
pl91
*
P 108
*
*
'
*
*
#
pl08
pl48
pi 29
p209
pl47
pl09
151
101
190
103
*
151
87
pill*
- 98:
214
202
241
190
607
458
782
289
133
124
152
178
47
124
131
199
326
152
156
186
152
110
104
103
78
95
173
113
151
124
168
156
155
144
100
179
99
141
148
83
112
101
• 204
201
224
182
527 '
392
600
239
130
,123
142
175
35
186
150
194
270
159
171
177
161
119
130
144
97
79
172
111
141
126
166
145
112
141
117
167
' 97
137
137
103
' 121
115
* Data not yet availabloi
•J«•
3,
HDUSTRIAL PRODUCTION
(193§*39 average •
*• ' f.iP . •"
-
*
.
. «* * "
. ' •> -
i.
T7~
Mjost^d for
Without
seasonal adjustment
a***### variation
1943
1942
' • 1855'—"
-1942„„ . .
' tiov^'FScf.- - Henri
HOT. | dot*
Nov.
—
, ' '? / t «y
MANUFACTURES (Cont'd.)
Petroleum and coal products. •
Petroleum refining
Gasoline :
Fuel oy.
.
Lubricating oil
Kerosene
. ••";*
• •
Coke
Byproduct
• ;
Beehive
Chemicals
Rayon
Industrial chemicals
Rubber
- p210 , 206
:.p217
211
"... pl22 . 122
»
V
151
*
. . 134
*
;
* • •. 113
. pl64 < 169
pi 65
158
, p469 . . 632
' pSSl
398
< > 8 2 7 ; 225
p401 . 596
p238 . 234
p210
p217
pl22
•
157
155
110
138
114
110
166
156
503
330
187
310
200
*
.
* *
p!64
pl55
p469
p393
jP.227
"p401
p2S8
MINERALS
'
138
pl33
:: 144
'p m
pl02 * « 127
137
P138
123
* "
p223
223
Fuel's
Bituminous coal
Anthracite '
Crude petroleum .
Metals
Iron ore
130
154
124
121
133
211
p—-Preliminary or estimated.
206
211
157
» 155
I Z Z
5HO
151 v
138
134;', 114
•113
113
169
J166
158
156
632
400
331
225 ; ,187
396
310
200
234
'
139,/ .
P133
pi3i. . 14$ ;•>, 1 #
pl02' ! W
,; m
pl38
•. 3&7 •: m
*
: 148
146
plS9
310
229
* Data not yet available•
FREIGHT CARLOADLMGS
(1935^39 average - 100)
E£.
»
Grain
Livestock
,
Forest products
ore
.
Miscellaneous
Merchandise, 1.0,1,
:
vu
'•v f
127 ' . 140
139
186
195
.186
167 ' ' 126
161
132 . 119
114
150 •*' 137
140
190
191
• 191
145
1*7 ; ' 140
64
67
58
;
140
127
166 ; 191
157
167
166 - is r
147
144
193
2 1 4
* W C " •;i'53
68 *
66
• 139
186
r l H
>14?
138
' 206
y Iso
Note
To convert 90a! and.^aisceiia&ous indexes to points in
Iniex,! shown /C)
the Federal Reserte Chart Book, multiply coal by .213 and miscellaneous by .548i
@FedFRASER