Full text of G.12.3 Industrial Production : December 28, 1948

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BOARD OF GOVBBKOBS OF TEE FEDERAL RESERVE SYStELi
For release in morning papers Thursday, December 30i
G.12.5

:'D IN PEL8S SECTION
QEC 3 0 1948

BUSINESS INDEXES
1939 average 5 100 for factory employment and payrolls;
1925-25 average 3 100 for construction contracts $
1935-39 average e 100 for a l l other series.
v'i ithout
seasonal adjustment
i&8
1 ~ W
Nov. | Oct. 1 Kov.

Adjusted for
seasonal variation
" W
w
Nov.
Nov. | 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 carloadings
Department store s a l e s , value
Department store stocks, value
p—Prel iminary*

P194

195

192

P195

198

193

p200
p229
P177
pi 60

202
230
179
158

199
22k
179
155

P 201

p229
pl79
P 158

205
231
184
161

200
22k
180
155

pl89
P156
p217

18U
157
206

193
163
217

pl70
P&9
P186

175
152
193

173
157
187

160.1*
186.8

P161.2
pl88.6
P139.6

188.7
113.1

163.2

160.8
186.8

pl60.8 162.7
P188.6 188.5
P158.9 XU2.3

139.7

*
*
*

HtO.4

381.5
132.9
331.2

353.4
395.0

312.8

137

ihO

li+7

litl

151

150

P28?

306

302

P557

328

376

282

273

318

296

* Data not yet available.

Motet"Production, carloadings, and department store sales indexes based on daily
averages. To convert durable manufactures, nondurable manufactures * and minerals
indexes to points in t o t a l index, shown in Federal Reserve Chart Book, multiply
durable by #)79* nondurable by
and minerals by .152.
Construction contract indexes based on J-month moving averages, centered at
second month, of P$ 11* Dodge data for 37 Eastern States. To convert indexes to
value figures, shown in Federal Reserve Chart Book, multiply t o t a l by
# 1 0 , 2 6 9 , 0 0 0 , residential by $18k,l)7#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 .



INDUSTRIAL PROMOTION
(1955"39 average s 100)
^ - ---- -

r'-l*

..

Adjusted for.
seasonal variation
1947
w
Nov*
Nov. | Dot#

MANUFACTURES
Iron and steel
Fig iron
Steel
Open hearth
Electric
Machinery
Transportation equipment
Automobiles (incl. parts)
Nonferrous metals & products
Smelting and refining
lumber and products
lumber
EUrniture
Stone, clay sod glass products
Plate glass
Cement
Clay products
Gypsum & plaster products
Abrasive & asbestos products
Textiles and products
Cotton consumption
Rayon deliveries
Wool textiles
Leather products
Tanning
Cattle hide leathers
Calf and kip leathers
Goat and kid leathers
Sheep and lamb leathers
Shoes
Manufactured food products
Viheat flour
Meatpacking Other manufactured foods
Processed fruits 4 vegetables
p~Preliminary.




•

2.

'

p222
*

252
194
667
p275
P231
pl94
P189
«
pl50
139
P170
p208
*

221
210
252
193
670
277
236
199
192
191
147
135
170
210
*

» ' < 184

169
242
252
pi64
122
321
*

$
*
*

•
#

P159
P138
P153
pl65
P155

172
242
251
167
129
319
167
113
108
122
02
90.
95
117
161
130
1U
170
154

203
197
223
183
510
281
23k
200
185
177
150
137
176
201
*

178
162
236
226
172
li+9
290
172
124
122
llU
88
93
108
126
158
143
170
160
129

'

....

- ... . Viithout
seasonal adjustment
1948
1947
Nov.
Nov. | Oct.

p222
*

252
1*
667
P275
P 23l
pl94
Pl90
*

pl47
134
Pl70
p2Jh
*
*

176
246
252
pl64
122
321
*
*
*

*

#
•

pl62
P139
P170
pi 73
P124

221
210
252
193
670
277
236
199
192
191
154
145
170
220
*

214
182
248
251
167
129
319
167
114
109
123
84
90
95
117
173
137
.. 142
189
198

203
197
223
183
510
281
234
200
185
178
148
133
176
206
*

192
169
240
226
172
149
290
172
126
126
146'
91
90
114
126
161
Uih
189
167
118

* Data not yet available

INDUSTRIAL PRODUCTION
(1935*39- everage = loo)
Adjusted for
seasonal variation
f m?
Kov» | Oct*
Nov.

Without
seasonal adjustment
" * m
Nov# | Oct# Bov#

MANUFACTURES (Cont'd#)
Paper and products
Paperboard
Newsprint productibn
Printing and publishing
Newsprint consumption ,
Petroleum and coal products
Gasoline
Fuel o i l
Coke
;
^
Byproduct
Beehive
Chemicals
Paints
Soap
Rayon
Industrial chemicals
Rubber products
MINERALS

pl73
195;.

172
' 193

*
31*8
p2 20
pl73
p201
* '

155
217
170

•

p471
p256
P156

I 173
' 451
255

165
186
90
152
137
205
159
186
177
170
klk
251
155

P503
p44Q
p204

3d*
446
205

297
431
225

Pl6?
P 152
pll6
pl77
*

166
152
118

163
169"
119
165
109

P173
195

a

l6l
p220
P173
p201
*

172
193:
96
167
163
217
170
19V
181
173
451

pU7l
P258
pl54
ptitD
P303
pW*8
• p20U

156
142
30k
446
205

Pl67
P152
pli6
P177

166
152
118
176

165
-1(0

:f

258

149
205
159
136
177
170
4i4
252
153
149
297
431
225

:

Riels
Bituminous coal
Anthracite
Crude petroleum
Metals
Iron ore
?

$

p—Preliminary. - ;

P197

163
169
119
165
106
159

* Data not yet avail sfole.
FEE IGHf CARLOADIHGS
(1935-39 average'* 100)

Coal
Coke
Grain
Livestock
Forest products
Ore
Miscellaneous
Merchandise, l.c#l#

198
155
90
144
178
144
66

194
150
93
149
178
145
68

156
192
152
104
147
163
149
75

.iW
198
152
114
141
196
149
68

" itr .190
150
143
153
24o
159
71

156
183
152
161
155
235
163
78

Note:—To convert coal and miscellaneous indexes to points in t o t a l index, shown
in Federal Reserve Chart Book, multiply coal by #213 and miscellaneous by #5W»