Full text of G.12.3 Industrial Production : February 26, 1947

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BOARD OF GOVERNO^DF THE FEDERAL EBSERVE S Y S l W ' ^
for release in morning papers, Thursday, February 2Y, 19^7
February 26, 1947

0.12.3

BUSINESS INDEXES
'

|

1939 average = 100 for factory, employioeat an»TkqrmiI?r ^
1923*25 average ® 100 for construction contracts;
1935*39 average « 100 for all other series.
Adjusted for
seasonal variation
1947

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 sales, value
Department store stocks , value
p..prellmlnary.

1946

Without
seasonal adjustment
1946

1947 |

Jan.

Jan. | Dec.

Jan.

Jan.

Dec. 1

pl88

181

ISO

pl84

179

156

P196
p220
pl77

190
210
173
136

163
166
161
141

pl92
p21f
pl?2
P139

186
208

171
131

160
164
15/
134

154

107
61
145

*
*
*

125
122
12?

' 50
118

pl4$
*

*
*

pl50.0
P173.1
P131.9

•1*3
163

87

130.2

172.4

130.7
144.4

pl49.5
pl72.8

131.6

II9.8

149.9
I72.3

P131.2

132.2

II9.2

300.1

229,2
243.0

149.6

*

-

*
*

- -

328.3
272.4

144.1

215.7

150

140

133

138

131

123

p265

274

227

P209

441

179

#

274

167

*

235

146

^ 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 index, shown in Federal Beserve Chart Book,
multiply durable by .379, nondurable by .469, and minerals by .152,
Construction contract indexes based on j-month moving averages, centered
at sec nd month, of F.
Dodge data for 3( Eastern States. To convert indexes
to value figures, shown In Federal Reserve Chart Book, multiply total by
$410,^,000, residential by 4l84,ljl ,000 and all o t W r by (:22b,lj2,000.
^ployment index, without seasonal adjustment, and payrolls Indux
compiled by Bureau of Labor Statistics.



2>

imMSTBIAL PRODUCTION
(1935-39 average * 100)
Adjusted for
seasonal variation
1946
m i i
Jan.
Jan. 1 Dec.

Without
seasonal adjustment
1^46
194/ 1
; Jan. I Dec. I Jan.

MANUFACTURES
Iron and steel
pl'>2
159
*
Pig iron
152
Steal
174
207
Open hearth
177 • 1^5.
422
Electric
381
Machinery
275
P2f5
Transportation equipment
p231
235
pl62
Automobiles 1/
18 f
#
Nonferrous metals and products
195
#
Smelting and r*fining
158
141
pl42
Lumber and pre ducts
Lumber
132
P133
; pl6l
100
Furniture
j
Stone, clay, and glass products 1 p212
207
Plate glass
|
. 135
I 149
Cement
.
i
*
177
Clay products
1
150
! Pl'f'O
218
Gypsum and piaster products
?227
Abrasive and asbestos products P264 - 262
lb4
Textiles and products
P174
141
161
Cotton consumption
Rayon deliveries
\
254
i 260
180
Wool textiles
1
i
*
Leather products
115
i . *
110
Tanning
i
i
*
122
Cattle hide leathers
i
*
Calf and kip leathers
94
1
*
68
Goat and kid leathers
i
*
#
Sheep and lamb leathers
131
*
Shoes
•117
162
Manufactured food products
pl65
Wheat flour
155
pl55
Meatpacking
151
P157
163
pl?2
Other manufactured foods
Processed fruits &
-»
vegetables
175
p — f rsl Imlnary.

r—Revised.

102
100
108
. 95
199
217
220
107
151
140
108
95
135
lf'2
29
.131
144
197
199
151
138
r235
153
117
115
131
92
54
151
118
154
i4y
131
165

145

102
100
108

P192

159
152
20?
174
1(7 ... 1*5
422 •
381
2(5
p275
|
235
I P231
187
1 P182
|
195
i
*
j
158
I
*
| pl26
j
129
114
i PH2
160
1i pl6i
1 p201
201
•149
135
*
161
|
158
i Pi 56
224
i1 P2i?
2b2
1| p264
164
j1 Pl/4
141
1
161
i
j 260
254
180
I
*
1.14
i
'•
109
!
1
*
*

1

*

.

*

*
*
*

P152
pl55
pl84
pi 56
--

122

92
68
125

199
217
220
107
151
140
99
tiO
'135
lb 3
•

29
101

134 -•
190
199
151
138
r235
153
117
115
134
90
54

140

117
156
153
175
163

143
1*9
-155

137

94

118

152

* Data not yet available

1/ This scrlew Is currently baaed upon man-hour statistics for planto classified
In the autcmobile and automobile parts indue tries and id designed to measure
productive activity during the month in connection with assembly of passenger
cars, trucks, trailers, and busses; production of bodies, parts^ and accvsjor:vs, Including replacement partw; and output of nonautomotivo products made
in th& plants covcred#



imjSTREAL PRODUCTION
(1935-39 average = 100)

3-

Adjuatud for
Without
seasonal variation
1546
j
1946
1947 i
i 1947 1
JuJl. i Dec. 1 Jan.
Jan. 1 Dec. [
Jan.
MANUFAC1UBE8 (Cont'd.)
Tobacco products
Cigars
Cigarettes
Other tobacco products
Paper and products
Paperboard
Newsprint production
Printing and publishing
Newsprint consumption
Petroleum & coal products
Petroleum refining
Gasoline
Fuel oil
Lubricating oil
Kerosene
"
Cokt;
Byproduct
Be^hivu
Chemicals
Bayon
Industrial chemicals
Rubber product#
MINERALS

*

*

*
#

*

j
1 179
;
i
87
|
i Pl39
j 122
j
*
I
j
—
1 plM
j
1
*
*
ji
j
1
*
#
jI
j1
*
j1 P333
j
1 P251
1 p268
|
j
1 P^25
1 p2'^
I

Federal Reserve Bank of St. Louis

143,
104
185
71
13.)
145
66
118
102
ploo

*

*

•

1
t
*
i
1
*
!
i
*
i
1 19
i
br
i
1 pi-5
j 11*
j

136
109
17/
63
150
lob
85
141
126
#

142
104
185
70
133
145
86
114
94
P166

» »

plUti
«

1^3
139
276
247
281
422
248

131
171
12%
180
116
111
296
234
251
364
215

141
130
121
P147
108

146'
159
114
144
107

*

*

|
1

Fuels
P 150
Bituminous coal
P173
pll8
Anthracite
pl44
Crude petroleum
*
Metals
Iron ore
- • • ii
—
p.—Preliminary or estimated..

Coal
Cok-i
,
Orein
#
Livuatock
Fcr.-st products

Oru
http://fraser.stlouisfed.org/

148
109
192
72
151
lb6
87
138
120

pl44
*

i
1
1
i
i
1
,
i
j
i
!
,
i
!
I

j

1
1
!
|

!

*

*

. pl48
*
*
*

p^5

143
139
27o
248
261
412
248

P150
P173
pHo
pl44

141
130
121
#4,

*
*
P36j
p2y>
p28ti

*

<*

131
171
125
184
lib
ill
29o
233
251
384
215
lw
159
114
14'.
vU
50

5<J
i
*
1
.
* Data, not ywt avail olv.

FREICBT CARL0ADING8
(193)^39 average = 1(X)
,
i
I
i
j
!

163
175
157
123
iOv
1

132
155
lb2
122
15o
145

•

148
12 f
152
12o
122
lit

1
i
!
•
i
1

If 3
1 *
lpf
lie
1*7
44

132
loj
152
lib
i j-j
44

14o
133
152
r!2i
lOy
HO