Full text of G.12.3 Industrial Production : February 21, 1942

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REC'D IN F'lLEi" SECTTOH"
BOARD CP GOVERNORS OF THE FEDERAL RESERVE SYSTIU
^ R & S BI - 210
February 22, 1942

For immediate release
BUSINESS INDEXES

1955-39 average » 100 for Industrial production and freight-car loadings;
1925-25 average « 100 for all other series

•

-

Adjusted for
seasonal variation
1942
1941
Jan.
Dec. | Jan.

Industrial production
Total
Manufactures
Total
Durable
Nondurable
Minerals
Construction contracts, value
Total
Besidential
All other
Factory employment
Total
Durable goods
nondurable goods
Factory payrolls
Total
Durable goods
nondurable goods
Freight-car loadings

1*0

137

122

Department store sales. value

138

111
92

Department store stocks,, value

Without
seasonal adjustment
1941
1942
«Jan.
Dec, | Jan,

pl70

167

140

pl65

163

135

pi 77
p220
pl43
pl32

174
214
141
131

144
171
123
119

pi 72
p214
pl38
pl26

170
211
137
125

139
166
118
113

pl06
p68
pl37

123
69
167

103
84
117

p86
pS6
pill

98
59
130

84
70
95

134.9
144.4
125.9

118.3
121.1
116.6

*
*
*

*

134.3
144.3
124.7

115.5
118.3
112.7

170.2
195.9
141.3

120.7
132.0
108,1

129

128

113

101

108

197

79

71

s

86

64

»
*
*
*

' # #

# *

# *

#

*

.

p—Preliminary or estimated.
• 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 total 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 . Dodge data for 37 Eastern states. To convert indexes to
value figures, shown in the Federal Reserve Chart Book, multiply total by $410,269,000, residential by #184,137,000, and all other by $226,132,000.
Employment index, without seasonal adjustment, and payrolls index compiled
by Bureau of Labor Statistics.




f

INDUSTRIAL PRODUCTION
(1956-39 average « 100)

. ' ••• '

'

Adjusted for
seasonal variation

1942
Jan.

MANUFACTURES
Iron and steel
Pig Iron
Steel
Open hearth and Bessemer
Electric
Machinery
Transportation equipment
Automobile factory sales
Bonferrous metals and products
Copper smelting
Zinc smelting
Copper deliveries
... Zinc shipments
Tin consumption
Limber and products
Lumber
Furniture
Stone, clay, 4 glass products
i'ol ished plate glass
textiles and products
Cocton consumption
Rayon deliveries
Wool textiles
Leather and products
Tanning
Cattle hide leathers
Calf and kip leathers
Goat and kid leathers
Shoes
Manufactured food products
Wheat flour
Meat packing
Other manufactured foods
Paper atid products
P&perboard
Newsprint production
Printing and publishing
Newsprint consumption
p—Preliminary or estimated.




191
189
208
174
445
p254
p295
p87
pl95
141
184
235
152
*

pl44
pl40
pl51
pl66
65
pl60
169
pieo
*

pi 24
*

*
*
*

pl25
pl38
108
pl47
pl59
176
*

*

104

1941

Dec,
196
190
212
181
432
241
275
85
192
141
182
230
146
171
138
132
149
166
67
154
165
178
176
127
122
134
89
116
130
136
109
142
137
155
186
106
130
115

| Jan.
179
177
166
172
291
168
190
144
167
133
153
201
149
119
137
139
132
154
137
138
144
156
136
107
102
115
88
79
110
117
98
114
117
129
138
113
111
103

Without
seasonal adjustment
1942
1941
Jan,
Deo. | Jan.
191
1*9
2G8
174
445
p254
p295
p87
pi 94
.141
184
235
152
*

pi 22
pll2
pl40
pll7
68
pl60
169
pl80
*

pi 21
•
*
*

*

pi 20
pi 23
109
pi 72
pl22
*

168
*
*

99

196
IPO
212
181
432
241
275
85
192
141
182
230
146
165
128
113
155
145
80
154
155
178
176
115
124
137
91
118
109
129
104
165
131
146
166
107
131
117

179
177
106
172
291
168
193
151
166
123
153
200
149
114
116
113
123
110
144
136
144
154
136
104
103
116
87
79
106
104
99
133
103
126
132
113
109
98

* Data not yet available.

INDUSTRIAL PRODUCTION
(1936-39 average - 100)
Adjusted for
seasonal variation
1641
1S42
Dec. | Jem.
JMU

Without
seasonal adjustment
1941
1842
'; Jain, ' Dec , 1. Jan .

1

I

1

i

MANUFACTURES (Cont'd)
Petroleum refining
Gasoline
Fuel oil
Lubricating oil
Kerosine
Beehive coke
Chemicals
MINERALS
Fuels
Bituminous ooal
Anthracite
Crude petroleum
Metals
Iron ore
Copper
Lead

*
#

p454
pl60

P128

pl29
p89
pl32
pi 52
p200

Pl59
*

136
135
139
130
132
126
404
152

122
117
117
120
112
120
367
123

127
124
89
132
162
199
166
122

114
117
98
114
148
187
148
116

p--^elimi&ary or estimated.

p454
pl59

137
134
136
132
131
127
404
163

120
115
113
123
108
126
367
122

pi 31
pl44
pl04
pl29
p96

129
138
94
129
101

117
130
114
111
95

pl56

166
124

•

*

* «

*

145
116

* Data not yet available.
FREIGHT-CAR LOADINGS
(1935-39 average * 100)

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

119
153
142
99
156
186
152
97

111
167
124
101
145
246
149
100

109
145
102
88
128
180
130
99

136
184
126
95
140
46
134
93

125
182
113
97
129
69
138
95

124
174
90
84
124
45
115
94

Notei—To convert ooal and miscellaneous indexes to points in total index, multiply
coal by .213 and miscellaneous by .548.