Full text of G.12.3 Industrial Production : February 28, 1946
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BOARD OF GOVERNORS OF THE FEDERA1 RESERVE S
mroBmaam
!AR1 r<
FEM
iiiu ui ' *m$ + *
February 28, 191*6 f
For release In afternoon papers
Thursday, February 28, 1946
BUSINESS- INDEXES .
1959 average^ "i 100 fcrr *factepy-employment and p a y r o l l s ;
1923-25. average * 100 f o r c o n s t r u c t i o n c o n t r a c t s ;
1935-39 average * -100 f o r a l l other s e r i e s
Adjusted f o r
seasonal v a r i a t i o n
1946
1945
Jan.
Dec. J J a n .
I n d u s t r i a l production
Total
Manufactures
Total
rtorable
Nondurable
Minerals
Construction c o n t r a c t s , value
Total
Residential
All other
Factory employment
Total
Durable goods
Nondurable goods
Factory p a y r o l l s
Total
Durable goods
Nondurable goods
Freight carloadings
Department Vtore s a l e s , value
Department store stocks , value
p—Prel imin&ry#
P159
Pl63
pl6?
pl 59
pi 39
.
i64
234
169
186
156
133
251
345
175
litO
443
104
339
195
25
170
Without
seasonal adjustment
I%6 !
1945
Jan.
Jan. | Dec.
Pi5 5
161
230
P159
168
ieu
154
126 .
246
343
170
134
Pl65
p i 54
P132
*
*
*
*
«
P122.7
plj6.0
P112.2
121.3
134.4
.111,0
162.9
219.8
118.0
—
•
' -
*
*
*
353
88
265
1
159
21
138
121.6
134-4
111.5
162.4.
219.4
117.4
215.5
230.2
201.1
335-2
461.5
211.7
123
119
132
pl22.2
P135.6
pill.6
*
-
«*
*
•
*
-
#
133
127
m
1-226.
216
197
P179
351
156
*
1^2
148
*
133
133
* Data not y e t available#
Note:—Production, c a r l o a d i n g s , and department s t o r e s a l e s indexes based on daily
averages. To convert durable manufactures, nondurable manufactures, and minerals
indexes to points i n t o t a l index, shown i n Federal Reserve Chart Book, m u l t i p l y
durable by «379# nondurable by *k69# and minerals by #152#
Construction c o n t r a c t indexes based on 3*month moving averages, centered a t
second month, of F. IV. Dodge data f o r j 3 7 Eastern States# To convert indexes t o
vnlue f i g u r e s , shown i n the Federal Reserve Chart Book, m u l t i p l y t o t a l by
*140,269,000, r e s i d e n t i a l by $184,13?,000 mid, a l l other by $226,1$2,000.
Employment index, without seasonal adjustment, and p a y r o l l s index- compiled
by Bureau of l a b o r S t a t i s t i c s #
•
2.
INDUSTRIAL PRODUCTION
(1935-39 average z 100)
.
Adjusted f o r
seasonal v a r i a t i o n
154*6
1945
Jan.
Deo. | . J a n .
Without
seasonal adjustment
1945
w
Jan*
Dec. | Jan.
MANUFACTURES
Iron and s t e e l
165"
165
197
197
Pid5
P105
*
*
Fig i r o n
188
1.62*. ... - 188
161*
*
*
Steel
219
173.. .. 219
173
Open hearth • — . "
176
156
.- 176 .... . * — — 156
$
*
Electric
526
526
S9k
29U
Machinery
p223
232* . 2*31
P223
431
234
Transportation equipment
706
215
706
215
P213
P213
Automobiles
plOl
plOl
92*
235
235
9k
*
*
Nonferrous metals and products
lbk
l!*4
253
253
»
*
Smelting and r e f i n i n g
12*1
187
140
187
lumber and products
126
113
87
P109
93
P99
Lumber
p80
118
63
72
99
P95
Rarniture
12*2
1k2
132
pl 37
132
P137
Stone, c l a y , and glass products
160
162
pl65
156
165
pl73
P l a t e glass
60
60
29
29
3
3
W
*
Cement
,
108
71
119
87
Clay products
116
132
129
125
pl37
PIW
Gypsum and p l a s t e r products
182
p205 • 186
176
p'198
190
Abrasive and asbestos products . P218 • 216 • : 302
p218
216
302
T e x t i l e s and products
150
pl50
150
pl50
12*3
ii*3 •
Cotton consumption
12*5
125
138
158
12*5
125
228
Rayon d e l i v e r i e s
215
228
231*
2$k
215
»
11*9
*
12*6
llool t e x t i l e s
lk6
"12*9
*
•
ill*
110
Leather products
;
110
113
*
*
113
Tanning
111*
113
113
*
*
128
C a t t l e hide l e a t h e r s
132
132
125
*
*
Calf and kip l e a t h e r s
89
83
91
85
*
68
Goat and kid l e a t h e r s
68
50
49
*
*
il*2*
Sheep and lamb l e a t h e r s
132 .
139
155
*
* •
108
108
112*
Shoes
112*
Manufactured food products
pll*9. . 150
. pl38 —ti*6 —. 12*3
.. .155Wheat f l o u r - - 130
pl39
135 "
pi 39
136
130
182
Meatpacking;
pi 26
171
146
P151
155
148
Other manufactured foods
pl&6
162
152
155
P159
Processed f r u i t s & vegetables P137
162
103
105
132
^89
Tobacco products
104
121
112
121
12*2
12*3
102*
Cigars
.
104
85
87
87
85
128
. 12*7
Cigarettes
12*7
1 185
185
• 139
Other tobacco products
ok
71
57 ' , 93
95
TP."
'
p--Frellminary. «
*
•
.
*
* Data not yet Available.
HxiSTRIAL PRODUCTION
{1935-39 average • 100)
3*
nithout
seasonal adjustment
19U6
Dec. | Jan#
Jan*
Adjusted f o r
seasonal v a r i a t i o n
19U6
1945
Jan*
Dec. | J e n .
MANUFACTURES ( C o n t ' d . )
Paper and products
Paperbo&rd
Newsprint production
P r i n t i n g and publishing
newsprint consumption
Petroleum and coal products
Petroleum r e f i n i n g
Gasoline
FXiel o i l
lubricating oil
Kerosene
Coke
Byproduct
Beehive
Chemicals
Rayon
I n d u s t r i a l chemicals
Rubber
lh5
86
pll?
102
pi 36
143
86
112
92
*
*
*
•»
136
153
76
102
85
273
•
P137
pi44
*
*
154
150
286
234
2!+8
38?
200
pl46
pl 59
pll5
pl43
pioo
137
1142
94
plliO
108
lh5
151
96
148
111
•'
136
153
76
99
79
273
Pl35
IU3
8L
1H4
96
*
«*
m
m
p274
p237
P252
P591
p20U
•
.
:*
-
1U3
171
133
123
167
162
335
317
244
396
247
m
*
145
86
Pll3
94
-
•»
pi44
*
*
*
154
150
286
235
248
383
200
143
171
129
126
167
162
335
316
244
396
21+7
137
lli2
94
pll+O
61
50
11*5
151
96
148
68
63
P137
*
#
*
#
$
•
p274
p236
p252
P391
p20U
pl46
pl 59
P115
plW
P52
'
MINERALS
FUels
Bituminous coal
Anthracite
Crude petroleum
Metals
I r o n ore
*
' '# jS t a : v hot' z yet f a v a i l able *
^ - P r e l i m i n a r y or estimated*
FREIGHT CARLOADINGS
(1935-39 average « 100)
Goal
Coke
Grain
Livestock
Forest products
Ore
Miscellaneous
Merchandise, l . c . l .
•'i34B—
127
152
126
122
r
118
134
78
m
'
161}
153
140
106
117
130
74
141
176
128
120
142
161
157
66
1
148
133
152
120
109
29
123
74
133
172
144
135
94
36
123
• 71
Iw
185
128
115
128
40
rl44
63
r--Revised*
Note.^~To convert coal and miscellaneous indexes to points i n t o t a l index, shown
i n Federal it^sorvo Chart Book, multiply coal by ,213 and miscellaneous by »5U8*
@FedFRASER