Full text of G.12.3 Industrial Production : December 29, 1950

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BOARD OP GOVERNORS OF THE FEDERAL RESERVE SYSTEM v \

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For release in morning papers, Saturday, December 30, 1950
G.12.3

December 29, 1950
BUSINESS INDEXES
1939 average * 100 for employment and payrolls;
1923-25 average » 100 for construction contracts;
1935-39 average * 100 for a l l other series.
Adjusted for
seasonal variation
191*9
1950
Nov.
Nov. | Oct.

Industrial production
Total
Manufactures
Total
Durable
Nondurable
Minerals
Construction contracts, value
Total
Residential
All other
Employment
Total nonagric uLtural
Total factory
Factory payrolls, total
Freight carloadings
Department store sales, value
Department store stocks,i value
p—Preliminary«

Without
seasonal adjustment
1950
191*9
Nov. | Oct.
Nov.

P215

217

173

p2l6

221

171*

P225
p260
pl95
pl62

226
262
196
166

179
191
177
litl

p226
p26l
pl97
pl6l

230
261*
202
169

180
181
178
11*1

299
29k
303

265
256
273

»
*:•

285
285
285

21*0
21*5
235

151.5
160.3
1*15.8

11*1.3
137.8
313.9

*
*

pll*9.8
P157.3

11*9.9 11*0.1
157.7 136.3

#

P151.1
P158.8
eltl2.li

—

—

—

136

136

117

139

11*7

120

e288

292

277

e352

309

339

*

328

273

*

361

305

e—estimated.

* Data not yet available.

Note: Production, carloadings, and department store sales indexes based on daily
averages. To convert durable manufactures, nondurable manufactures, and mineral;
indexes to points in total index, shown in Federal Reserve Chart Book, multiply
durable by .379, nondurable by .1*69, and minerals by .152.
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
#110,269,000, residential by Sl81t, 137,000 and a l l other by 1226,132,000.
Factory employment index, without seasonal adjustment, and payrolls index
compiled by Bureau of Labor Statistics.




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2.

INDUSTRIAL PRODUCTION
(1935-39 average - 1 0 0 )
Without
seasonal ad;
1950
Nov. | Oct.

i

Adjusted for
seasonal variation
1 19U9
1950
Nov. | Oct. | Nov.

1

.

19tQ
Nov.

MANUFACTURES
Iron and s t e e l
Fig iron
Steel
Open hearth
Electric
Machinery
Transportation equipment
Automobiles ( i n c l . parts)
Nonferrous metals and products
Smelting and refining
Fabricate ng
Lumber and products
Lumber
furniture
Stone, clay & glass products
Cement
Clay products
Textiles and products
Cotton consumption
Rayon deliveries
i'ool t e x t i l e s
Manufactured food products
'"heat flour
Meatpacking
Other manufactured foods
Processed f r u i t s & vegetables
Tobacco products
Cigars
Cigarettes
Other tebacco products
p—Preliminary.




p2a6
272
198
797
P307
p28Zt
p256
p22i*
p220
p226
pl76
pl6L
P199
P232
*

P173
pl95
158
378
#

pl63
P 107
pl69
pl71
plt8
171
12?
227
65

253
225
286
209
835
303
292
273
221
217
223
171
157
196
230
21it
168
197
162
372
181
162*
100
158
173
153
165
12it
215
72

U5
107
137
105
359
217
206
175
163
169
161
11*7
139
163
183
191
1147
175
138
31*6
158
160
110
151
168
13b
169
120
226
67

p2b6
272
198
797
P307
p28k
P256
p22ii
p221
p226
pl7li
pl6l
pl99
P237
*

pl79
pl95
153
378
*

pl67
plo8
pl88
pl78
pl36
17^
12?
251
67

253
225
266
209
835
303
292
273
221
217
223
181
173
198
2ls0
2U9

177
197
162
372
181
177
107
158
193
197
170
12k
221* .
77

115
107
137
io5
359
217
206
175
I6h

170
161
ia
13h

163
188
206
153
175
138
316
158
162
111
172
175
123
172
120
231
69

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

FPOnUCTTON
(1935-39 average = 100)

'

X JNT'USTPJAV

j

withoui
seasonal adjiustment
19%)
19b9
Nov.
Nov^ | Oct.

Adjusted for
seasonal variation
r 1?56
| 19ii9
Nov.- i • Oct. , Nov..

MANUFACTURES. (Cont'd)
Paper and products s
Faperboard
Newsprint
Printing and publishing - ; ,
Newsprint consumption
Petroleum and coal products
. Gasoline
?
'
Fuel o i l
i
Coke
.
Byproduct
Beehive
• *
•
Chemicals.
• • '• •
Faints
- ;
Fayon
;
. I n d u s t r i a l chemicals
Pubber products MINERALS

*
*

pb72
p278
pl62
P376
pb96
*

202
238
117
179
171
2b9
197
207
133
175
b60
277
16b
371
b88
252

177
210
9b
160
153
205
177
182
102
10b
23
21*3
lb3
316
bl7
137

170
111
151
102
182,
lb3

152
130
133
117
163
76

p202
2b0
113
pl83
180
p2li9
pl95
p2C7
*
*
pk72

p293
pl6l
P376
pb96

202
238
117
183
180
2L9
197
2v7
1»3
1"5
160
212

16b
3"1
m

2*2

•

177
210
95
167
167
205
177
182
102
10b
23
2b7
lbl
316
bl7
187

,

Fuels
;
Coal ,
•
Bituminous coal
Anthracite
Crude petroleum ;
Metals
Iron ore
P—Preliminary,-

•

p202
2b0
112
P175
165
p2b9
P195
p207

'

.

'

pl65
127
138
8b •
p i 8b
plb3

~

pl65
127
133
8b
ol8b
P139
p237

1?0
1U
151
102
1%

163
331

152
130
133
117
163
76
5b

<• Data net y e t a v a i l a b l e .

FREIGHT CAPLOADINGS
(1935-39 average
100)
Co?.'
CcK'j
*'T' , r
1 v. • -Tock
L
' • -:t products
' ""-laneous
i-.: ' ' l . c . l .

126
198
166
72
157
18b
l'i6
53

135
2C6
159
75
1L6
18 b
115
5b

131
96
15?
vie

137
b2
119
5a

]I m
I! 193
16?
90
l?'i
IS-3
1
152
5u
|

!

li5
2)1
1,9
116
1%

262
158
56

131
96
lb9
r96
135
51
12b
55

Kcte: To i-onvert coal and miscellaneous ir.dexes t o p o ' n t s i . t o t a l index, shewn
in federal Reserve Chart Book, multiply coal by .213 and miscellaneous by ,5b8.