Full text of G.12.3 Industrial Production : February 25, 1949

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v.-

.

iKSC D IN PILE 8 TWIN
BOARD OF GOVERNORS DP THS FEDERAL RESERVE SYS' EM
p£p; ? £ 1949
For release in morning papers, Saturday, February 26, 1949

G.12.3

- February -25, 1949—:
'

BUSINESS INDEXES

1939 average = 100 for factory employment and payrolls;
1923-25 average *= 100 for construction contracts;
1935-39 average « 100 for all other series.
Adjusted for
seasonal variation
1948
1949
Dec. i Jan.
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 carloadinga
Department store sales,
value
Department store stocks,
value

Without
seasonal adjustment
1948
1949
—1[
- J&D.t

pl91

192

193

pl87

190

189

pl98
p229
pl74
pi 51

199
231
173
156

201
229
178
154

pl95
p226
pl69
pl46

197
229
171
151

197
226
173
149

180
145
209

191
152
223

145
123
164

156
126
181

158.5
186.4
136.6

161.2
188.7
139.4

159-4
186.5
138.0

160.5
188.2
138.7

377.8
430.9
326.0

354.7
403.1
315.3

»
*
*

pl55.2
pl81.7
P134.3
MM*

«**

mmmm
mrnmm

—

*
*
*

pl54.6
pl8l.2
P133.7
*

»
*

—

131

137

rl44

120

128

133

p290

309

286

p228

495

225

178

169

*

262

253

*

p—Preliminary *
* Data not yet available.
Note$—Production, carloadings, and department store sales indexes based on daily
averages. To convert durable manufactures, nondurable manufactures, and minerals
indexes to points in total indax, 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 Federal Reservd 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.



INDVSTMAIx-PfferaCTION
(I935r39 average100)
«

L w >•' *

* ,

I
Without
Adjusted for
o
seasonal
adjustment
M S M I W l v?<T%*%% n
1948
1949
19^,
22.42.
M&:
isuiL, jftPt ' #99"
-i&lLtMANUFACTURES
Iron and steel
Pl<* iron
Steel
Open hearth
Electric
Machinery
Transportation equipment
Automobiles (incl. parts)
Nonferrous metals and products
Smelting and refining
Lumber and products
Lumber
Furniture
Stone, clay and glass products
Cement
1
Clay products
Gypsum and plaster products •
Abrasive and asbestos
products
Textiles and products
Cotton consumption
Rayon deliveries
Wo:l textiles
..
Leather products Tanning
Cattle hide leathers
Calf and kip leathers
Goat and kid leathers
Sheep and laatb leathers
Shoes
Man-lectured food products
kni-ah flour
Meatpacking
Other manufactured
foods
Processed fruits and
vegetables
- p—Preliminary.




p227
•

259
197
701
p267
p252
p215
pl84
pl86
pl36
pl24
pi 58
p204
#

pJBO
p238
p232
pl62
pl23
P316

203
223
197
212
254 . 225
182
194
682
527
285
277
248
244
206
212
195
184
. 188
183
155
143
131
143
168
179
202
p205
212
199
179
173
235 ' 246

Ip227
|1 *
| 259
i 197
|I 701
|p267
I 252
1
|
!p215
ipl84
|pl86
,
lP120
i
IplOl
p!58
191
*

jpl68
ip229

!p232
215
'
179
iplA2
15 j
Pl?3.
• • 300~-ip3l6
,
181
!
i *
120
116
132
85
#
96
101
122
1 *
158
lpK5
140
Ipl26
Ipl77
150

223
212
254
194
682
277
248
212
185
183
132
113
168
p200
193
173
241

203
197
225
182
527
285
244
206
195
188
138
117
179
190
161
166
236

248
215
156
179
114 ' - 153
300
317
151
181
120
99
103
117
115
135
88
83
96
83
82
94
97
122
153
146
pl28
140
181 , ,175

pi 57
pl26
pl50

248
156
114
.317
151
100
103
115
90
82
87
97
157
pl29
154

pl63

163

tpl50-

160

152

pl38

142 , . 141

P 90

111

92

*

' *-

*
#
*
*
*

1
<•

*

*
*

*

•

*

*

* Data not yet available.

INDUSTRIAL PRODUCTION
(1935-39 average * 100)
:
Adjusted for
seasonal variation
194B
•moJan. 1 Dec.

3»
Wit? out
seasonal adjustment
1948
1949- Jan.
Dec, 1 Jan.'

. - -

MANUFACTURES (Cont'd.)
Paper and products
Paperboard
Newsprint production
Printing and publishing
Newsprint consumption 1
Petroleum and coal products
Gasoline
Fuel oil
Coke
Byproduct
Beehive
Chemicals
Paints
Soap
Rayon
Industrial chemicals
Rubber products

pl63
182
99
pl56
153
p227
pl75
P%)1
*

*

P483
p252
pl46
pl 39
P304
P438
P193

MINERALS
Fuels
Bituminous coal
Anthracite
Crude petroleum
Metals
Iron ore

153
167
100
154
148
p230
179
204
184
176
466
257
148
137
311
450
199

163
187
82
148
• 134
p214
159
201
178
171
442
255
158
151
298
437
223

pl63*
1.82
99
pl51
142
p227
pl75
p201
*

P483
p251
PH3'
pm
P304
| P433
pl93

163
153
167
187
82
98
158
144
125
155 •
p230
p214
179
159
201
204
178
184
176
171
466
462
258
253
155
149
13?
148
311
298
450
437
223
199

'

pl59
pK5
p 88
pl71
*

164
K5
103
177
111

160
161
112
165
117

, pi 59
pl45
p 88
pl71

i

#

p 76

—

—

p—Preliminary,

164
145
103
177
78
93

160
161
112
165
81
70

* Data not yet available*
FREIGHT CARLOADINGS
(1935-39 average = 100)

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

130
i 189
125
79
129
175
141
60

131 "
192
147
85
139
201
148
62

, 155
183
rl31
84
153
rl56
152
r 69

j1

130
198
125
76
116
44
129
57

131
201
138
82
' 123
62
139
60

155
rl93
rl31
81
137
r 39
139
65

Note:—To convert coal and miscellaneous Indexes to po'ihts" £n total fridex, shown
in Federal Reserve Chart Book, multiply coal by .213 and miscellaneous by .548,
r—Revised •