Full text of G.12.3 Industrial Production : February 27, 1945

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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
For release in afternoon papers
Tuesday, February 27* 1945

R&S BI -* 246
February 27, 1945
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
1945
1944
Deo. f Jan.
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 carloadings
Department store sales. value
Department store stocks,r value

Without
seasonal adjustment
1944
1945 !
Jan.
Dec. | Jan.

p234

232

243

p231

230

240

p251
p344
pl76
pl40

249
343
173
137

262
369
176
139

p248
p342
pl7f
pl33

248
342
171
131

259
367
172
133

51
14
81

55
29
76

p38
pll
p59

40
12
63

45
24
61

rl75.9
r243.2
rl22,9

pl59.9
p215.5
piie.i

rl60.9
r216.0
rll7.6

r175.0
r242.7
rl21.7

r331.5
r456,2
r210.5

r345.1
r489.4
r204.0

p46
pl3
p73.

pl60.7 rl60.6
p215.9 r216.0
pll7.2 rll7.0

•»m

*

mm

*

—

—

*

143

137

145

132

128

133

p200

193

175

pl58

320

137

136

153

#

127

137

—

mm*

mm

mm*

mm

*_

•

p~Pr© liminary •
r—Re vised.
* 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 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. Bodge date 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 $134,137,000, and all other by #226,132,000.
Employment index, without seasonal adjustment* and payrolls index compiled
by Bureau of Labor Statistics. Indexes were revised beginning January 1942#




I

INDUSTRIAL PRODUCTION
(1956*39 average *•100)
%

•

.

:

'

11

"

.

'

• "

:
Adjusted for
seasonal variation
1944
1945
,
Jan.- * Deo. | J&EL*

1
!' ' ' , * :•• i .

MANUFACTURES
Iran and steel
Pig iron
Steel
Open hearth
Electric
Machinery
Transportation equipment
Automobiles
Konferrous metals.and products
Smelting and refining
Lumber and products
Limber
Furniture
.
,
Stone, clay* and glass .products
Plate glass
Cement
Clay products
Gypsum and plaster products
Abrasive and 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
Wheat flour
Meatpacking
Other manufactured foods
Processed fruits and .vegetables
Tobacco products
Cigars
,
Cigarettes
Other tobacco products
p—Preliminary.




Without
seasonal adjustment
1945
1944
-Dec. | Jan.
Jan.

pl96 *

216
176
601
p433
p706 .
234
*

pl86
pl29
ol23
pi 39
pl67
60
$

pl27
pl81
p307
pl52
145
217
*

pile

198
190
215
r!81
r466
431
708
233
229
186
122
111
142
163
51
90
116
171
307
152
146
215
*

114
115
*
127
* "
*
?86
. 72
*
153
pll6
113
pl55
154
pl25
123
p 1 4 3 — —168
pl63 . 157
pl60
146
*
131
*
95
*
155
*
108

r—ReviLsed •

208
202
231
186
654
461
754
244
285
297
133
125
148
168
54
86
129
203
319
149
150
186
154
108
103
107
70
- 33
166
112
154
139
137
156
140
125
86
155
87

pi 96
*

216
176
501
p433
p706
234
*

pl86
pll6
103
pl39
pl60
60
*

pll8
pl74
p307
pl52
145
217
*

pll6
*
*
$

*

pi 16
pl43
pl25
pl66
pl49
pl04
*
*
*
*

198
190
215 .
rl81
r456
431
708233
229
186 .
113
97
142
159
51 :
82
120
175
307
152
146
215
*

113
114
127
84
73
145
113
149
122
184
154
114
121
95 .
142
95

208
202
231
186
554
461
754
244
285
297
121
107
148
161
54
70
121
196
319
149
150
186
154
108
103
109
69
83
154
112
145
139
225
1-43
91
124
86
155
85

* Data not yet available.

INDUSTRIAL PRODUCTION
(1935-39 average • \QO)
*
for "r
seasonal variation
" W :

*mr

• two.1 | Jan.

TEBHoSE r r r "
seasonal adjustment
ljustm
-TPT
S E
6@o»' | jan.
Jan.'

MANUFACTURES (Cont'd.)
Paper and products :
paperboard
Newsprint production
Printing and publishing .
Newsprint consumption ;
Petroleum and coal products'-'
Petroleum refining • •
''
Gasoline
Fuel oil
Lubricating oil Kerosene
Coke
Byproduct
Beehive
Chemicals
Rayon
Industrial chemicals
I
Rubber
: .,

•
165
76
p-105
86
pl46
*
*
$
*

p321
p318
p241
p397
p237

135
145
85
104
84
267
282
141
165
133
119
167
163
306
312
242
396
237

136
144
79
104
89
226
234
125
159
128
132
174
164
496
364
226
405
242

141
138
109
146
111

142
161
119
137
124

*

153
76
pl02
79
*

144
•79

267

.226

106
88

*

282 -

pl46
*

p321
p316
p241
p397
p237

141 *
165
132
123
167
163
306
313
242
396
237

pl45
pl51
p97
pl47

141
138
109
146

*
*
*
*

136

134
145
84

101
83

234
125
159
124
134
174
164
.496
362

226

405
242

MINERALS
Fuels
Bituminous cool
Anthracite
Crude petroleum
Metals
Iron ore

pl45
pl51
p97
pl47

p—Preliminary or estimated,

68
61

142

161

119
137

82
70

Data hot yet available.
FREIGHT CARLQADIUGS
(1935-39 average « 100)

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

.

141
176
128
120 '
142
161
15?
66 •

137
166
134
128
135
133
151
68

150
185
159
121
147
r202
rl50
67

141
185
128
115
128
40
143
63

127
175
126
124
120
11
112
. 65

150
rl95
159
• 116
133
rSO
rl37
~6*

r—Revised.
.
Note.—To convert coal and miscellaneous indexes to points in total index* shown in
the Federal Reserve Chart Book* multiply ooel by .213 and miscellaneous by *548*