Full text of G.12.3 Industrial Production : February 28, 1951

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J

BOARD OF GOVERNORS OF THE FEDERAL RESERVE 3fSTE:
For r e l e s e e i n a f t e r n o o n p a p e r s , Wednesday> February 2?, 1951

r

February ^5^ 195.

G#12.)
BUSD'ESS DJD&XES

I S 3 9 a v e r a g e 3 1 0 0 f o r employment and p a y r o l l s ;
l \ 2 $ - 2 5 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 ;
G a r a g e = %oo f o r a l l other s e r i e s #
without
seasonal adjustment
' 1%1 |
1950
J a n . | Dec. ] J i n .

Adjusted f o r
seasonal v a r i a t i o n
1950
1^51
Jan.
Dec# | J a n .
I n d u s t r i a l nroduction
lOt^l
manufactures
lotal
Durable
hendurable
minerals
Construction c o n t r a c t s , value
Total
Residential
All other
Employment
Total n en a& ric u l t u ra l
Total f a c t o r y
Factory p a y r o l l s , t o t a l
F r e i g h t c&rloadings,
Department s t o r e s a l e s , value
Department s t o r e s t o c k s , value
p--rrelisiinary.

j
1
i
!

p219

21?

183

p2lU

216

179

P229
p£66
piss
pl63

228
268

p225
p263
pl9U
pl 57

227

157

192
205
179
130

19b
152

159
2v6
175
125

P331
p302
P355

332
297
360

21,2
21*5
239

p271
p25l
P 288

269
253
281

198
203
194

pi5l.o
P15S.8

150.5
157.9

11*0.7
1I4O • 5

pllv9 * 2
pl59.1
el+16.6

153.8
159.2

l*~.l

1U6

11*0

117

@360

325

282

196

;Ee*N»fcstimatede

266

U2L.9

529^

133

150

10?

e277

53b

216

295

2LL

* Data not yet a v a i l a b l e .

^ote% f r o d u c t i c n , oarloadingg, and department s t o r e s a l e s indea.
ba^ed on d a i l y
averages. To convert durable manufactures, n o n l u r i b l e nanuj c t u r e ^ , and minerals
indexes to p o i n t )
t o t a l index, shown i n Federal deserve Chart Book, multiply
durable by #;79, nondurable by .1*69* and minerals by •1^2.
Construction c o n t r a c t indexes based on j-month moving averages, centered
a t second month, of f* *,# ^cdje data f o r 37 Eastern S t a t e s . To convert indexes
to value f i b r e s , shown in r e d e r a l Reserve Chart Book, m u l t i p l y t o t a l by
Muu,269,O.:0, r e s i d e n t i a l by *,181;, 1)7,000 and a l l other by 6226,152,000•
Factory employment index, without seasonal adjustment, and p a y r o l l s index
compiled by Bureau of Labor S t a t i s t i c s #




e
IKOJSTRJAL rRCLUCIICri
(1933-39 average = 100)

2.
without
seasonal -i"ju s t n e n t
)%1 1
1950
J an. ( be- C . | J w .

Adjusted f o r
seasonal vara •*tion
lybi
1
50
Jar,. | Dec# | J a n .
KAIUF^C^RIS
Iron and s t e e l
f i [ iron
Steel
C;cn h e a r t h
Electric
Lachinvry
T r a : . s r o r t a t l o n equipment
A;t:::obiles ( i n c l . parts)
. cnftfrrous metals and products
u n e i t i n g and r e f i n i n g
Fabricating
lunbzr and products
:/:nber
rurniture
Stone, c l a y & i:l&5$ products
Cecer.t
Clay p r e d i c t s
T e x t i l e s az^d products
Cotton ccnsunc tier*
Rayen d e l i v e r i e s
wool t e x t i l e s
Leather and products
Tanning
Shoes
Manufactured food products
V.heat f l o u r
Meatpacking
Other manufactured foods
Processed f r u i t s & vegetable
Tobacco products
Cigars
Cigarettes
v t h e r toMeeo products
p—f'rel inunary.




p253
*

266
212
817
PJ20
P 262

fdiZ

1*225
p2l6
P 226
pl7li
pi 67
! pi 88
p2;li
*
j
1 pi 66
i pl . 6
j
163
j
*
(
*
$

*

pl6l
$

pl59
pl68
pli.9
*
$
$

*

253
216
280
20?
8C-2
;2i

2:0

257
227
215
231
173
162

19h

235
232
172
1S4
15b
397
160
108
107
109
lul
116
171
166
130
153
69
215
56

203
201
SUA
i:-2
612
229
2At2

2%
180
1:3
176

lUU

1:2
166
190
207
158
178
IB
355
15U
108
95
116
lol
131+
15U
169

lL2
162
97

22h
69

p253

1

286
212
617
p;2o
p282
p2l}2
p225
p2l6
p228
pi 55
pl 38
pirn
p222
*

pl72
pl9o
163
392
•

*

»
*

pl h9
*

pl09
pl-';
P 97
*

»
•

»

253
216
250
207
802
321
290
257
223
21-y
231
158
1J4O

19U

227
211
177
19U
158
397
160
108
106
109
160
1)5

fe:;
160
led
1L2
89
190
50

* Data n o t ' y e t a v a i l a b l e .

20)
201

21M

192
612
229

2h2
22h

IcO
191
176
130
111
166
179
163
ll>7
178
liA
355
15L
108
96
116
lt9
114
133
155
92
162
97

2-U
68

IRCD S T R I A ! PRODUCTION
(1935"39 average = 100)
without
s e a s o n a l a d j u ^ taent
1950
1951
Jan.
Doe.
j "an.

Adjusted for
seasonal variation
19
1951
" L e e . | Jan.
Jan.

i

LIMUrACTlRI.S ( C o n t ' d )
Paper and products
Faperboard
Newsprint
P r i n t i n g and publishing
Newsprint consumption
Petroleum a n d c o a l products
Gasoline
Fuel oil
Coke
Byproduct
Beehive
Chemicals
Paints
Rayon
I n d u s t r i a l chemicals
Rubber products

p210
117
pl77
159
F276
p203
p2i*3
P1Q3
•

i

p50U
p286
pi 67
p:7)
P5C2
p2L2

198
229
117
176
162
262
197
225
182

nk

U57
262
159
385
500
253

179
209
98
163
159
211
176
192
15U
156
76
21*8

|
i

*

r50U
t2G6
1 pl6L
i P373
p502
! p2h2
i

ihh

2*9
W 9
19U

MINERALS
Fuels
Coal
bituminous c o a l
Anthracite
Crude petroleum
le tals
Iron o r e

pi 69

IhQ
151
97

&W

,pl25

163130
1L3
80
178
126

f

p210
2L7
117
pl72
li*8
P276
p203
p2k3
pl83

i
!

153
91
96
65
15U
117

F169
l W
151
97
P133
P 69
p 61

1*19
19U

163
1*0
U*3
to
178
93
86

133
91
96
69
15U
80
71

1
* D a t a not yet available#

p— Preliminary.

178
209
96
157

197
229
ill*
180
170
262
197
225
182
1714
457
2 ^
159
385
500
253

1U7

211
176
192
15U
156
76
21*9
141

%9

FREIGHT CARL0ADI2GS
(1935*39 average - 100)
Coal
Coke
Grain
livestock
Forest products
Ore
Miscellaneous
Uerchandise, l . c . l .

I
1
11

2 0 9

129
20k

1 5 8

1 1 9

|i

1 5 3

11*8

1 1 9

7 0

1

6 6

70

6 8

1 5 3

1 1 5

1 0 6

61

6 2

1*2

UU5

12*2

1 2 2

50

1*9

1 3 3

129

9 7

1 9 9

19L

1 5 1

1 5 3

1 5 8

6 9

7 2

1 7 0

1 6 2

1 1 8

21*3

1 9 9

1 6 9

1 5 8

151

1 3 ?

5 2

5 2

5 2

I

I

50

9 7

K b t e i T o convert c o a l e n d m i s c e l l a n e o u s i n d e x e s to p o i n t s i n t o t a l i n d ' i x , shorn
in Federal Reserve Chart Book, m u l t i p l y c o a l by #21) and m i s c e l l a n e o u s by .$LB.