Full text of G.12.3 Industrial Production : January 14, 1955

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IN

FILi S section

JAN 1 71955

BOARD OF GOVERBORS OF THE FEDERAL RESERVE SYSTgM
•For Immediate release, Friday, January 14, 1955

January l4, 1955

G.12.3
BUSINESS INDEXES
194-7-49 average = 100

Annual
Unadjusted
Seasonally ad;lusted
Indexes
1954
1953
19
1953
Pec,
I 1953
P1954
1
nDec.
1
Nov.
Pec.
Nov.
P£f£^i
Industrial production
Total
Manufactures
Total
Durable
Nondurable
Minerals
Consumer durable goods
Total
Major consumer durables
Autos
Household
Other consumer durables
Construction contracts, value
Total
Residential
All other
Employment and payrolls
Koaagricultural emp., total
Manufacturing prod, workers
Employment, total
Durable
Nondurable
Payrolls, total
Freight carloadings

130

129

126

128

130

124

125

134

132
145
119
116

131
143
118
112

127
142
112
113

130
144
116
314

132
144
120
113

125
l4o
110
111

127
138
ll6
111

136
153
118
116

133
147
166
133
101

125
136
144
132
99

109
114
127
104
97

136
152
174
136
99

130.
143
144
144
101

103
106
107
106
96

ll6
125
131
122
96

127
138
l46
132
102

n,a.
n.a.
n.a.

255
264
250

n.a.
208
n.a.
177
229 . n.a.

232
254
216

168
151
179

n.a. 192
n.a. 178
n.a. 201

110.6 110#7 112.4 113.1 111.7 114.9 110.5 113.6
102.2 102.1 107.1 102.7 102.8 107.7 102.1 112. C
108.5 108.0 116.1 109.1 108.7 116.7 108.4 122.4
94.7 95.1 96.6 95.2 . 95.9 97.1 94.8 99.5
143.8 142.8 147.2 138.2 151.6
-93

Department store sales, value ell6
- •
Department store stocks,value

,

89

88

86

91

82

114
124

113
123

elo8

137
139

192
109

86

96

elll 112
n#a. 126

Bote: Construction contract Indexes based on 3-month moving averages, centered at
second month, of F. W. Dodge data for 37 Eastern States. Employment and payrolls
indexes are compiled by the Bureau of Labor Statistics.
p—Preliminary




e--Estimated

n.a.~Not available

2.
INDUSTRIAL PRODUCTION
(1947-49 average = 100)

Unadjusted
1954
l??3
Dec, pDec. I Nov, 1 Oct,

S
j

1954
pDec. I Nov. 1 Oct.

1953
Dec.

DURABLE MANUFACTURES:
Primary metals
Metal fabricating
Fabricated metal products
Machinery
Nonelectrical
Electrical
Transportation equipment
Instruments
Clay, glass and lumber prod.
Stone, clay and glass prod.
Lumber and products
Furniture and miscellaneous
Furniture and fixtures
Miscellaneous manufactures

120
156
123
144
120
192
198
142
129
137
n.a.
124
109
134

118
155
126
149
122

110
149
124
148
123

138
130
137
124
123
109
132

112
150
126
150
121
207
159
138
136
139
134
129
113
l4o

110
155
126
149
137
172
174
155
113
128
99
127
112
138

104
104
n.a. 103
n.a. 107
108
104
n.a# 124
n.a.
94
126
131
n.a. P139
125
123
148
148
&«ft«
155
128
131
108
100
n.a. 108
n.a. n.a.

105
103
106
113
131
98
133
146
125
147
154
126
116
117
111

92
87
98
98
ill
87
121
119
122
l4l
146
128
98
99
92

118
75
138
94

113
77
130
110

113

137
130
132
128
123
109
132

113
156
126
146
133
172
182
154
119
129
110
124
106
136

117
157
123
147
124
192
194
143
122
136
n.a.
128
114
137

103
101
104
108
123
94
127
138
121
143
150
124
105
105
102

95
90
101
104
116
93
122
125
120
l4o
145
128
103
103
112

111
70
230
101

112
69
133
114

118
156
126
150
121
207
182
139
130
138
123
128
113
139

NONDURABLE MANUFACTURES:
Textiles and apparel
Textile mill products
Apparel and allied products
Rubber and leather products
Rubber products
Leather and products
Paper and printing
Paper and allied products
Printing and publishing
Chemicals and petroleum prod.
Chemicals and allied prod.
Petroleum and coal products
Food, beverages and tobacco
Food and beverage mfrs.
Tobacco manufactures

104
107
n.a. 102
n.a. 108
108
109
n.a. 122
n.a.
95
127 . 127
a$a* P136
121
120
144
1*7
n.a. 151
131
127
105
105
n.a. 105
n.a. n.a.

MINERALS:
Mineral fuels
Coal
Crude oil and natural gas
Metal, stone and earth Bin,
p—Preliminary



117
73
138
108

113

69

134
103

115
75
134
100

n

133
98

n.a.--Not available

INDUSTRIAL PRODUCTION
(1947-49 average = 100)
Without seasonal adjustment
1953
1954
Nov, I Oct.
tfov. t Oct. 1 Sept.
Primary metals
Ferrous metals
Pig iron
Steel
Carbon steel
Alloy steel
Castings and forgings
Hcnferrous metals
Fabricated metal products
Structural metal parts
Stampings and misc. metal products
Nonelectrical machinery
Farm machinery
Industrial and commercial machinery
Machine tools and presses
Electrical machinery
Electrical apparatus and parts
Transportation equipment
Autos
Trucks
Aircraft and parts
Railroad cars
Stone, clay and glass products
Glass and pottery products
Cement
Lumber and products
Lumber
Millwork and plywood
Textile mill products
Cotton and synthetic fabrics
Cotton consumption
Synthetic fabrics
Wool textiles
Knit goods
Apparel and allied products
Men's outerwear
Women's outerwear
Misc. apparel, etc.

n.e.—Not available




114
110
122
119
138
97
130

107
101
112
111
120
97
127

98
93
102
101
111
90
118

122
127
129
131
113
108
121

130
132
136
138
126
117
128

129
121

127
115

125
111

134
130

136
133

76
122
146

73
122
147

75
122
150

73
l4l
185

79
143
168

163

158

154

176

178

144
93
475
12

70
78
464
18

81
74
470
25

107
95
463
61

151
106
481
83

124
n.a.

125
152

118
155

122
137

128
145

107
191

119
207

110
187

110
l4l

120
148

110
104
124
70
110

109
96
121
69
113

100
99
112
67
113

102
101
105
64
108

101
103
102
74
115

108
102
109

108
102
110

95
100
107

lo4
83
109

105
06
114

INDUSTRIAL PRODUCTION
(1947-49 average • 100)
Without seasonal adjustment
1953
1954
Nov. I Oct. 1 Sect, Nov,, I Oct.
Rubber products
Tires and tubes
Leather and products
Leather
Paper end allied products
Wood pulp
Paper and board
Paperboard
Printing and publishing
Newsprint consumption
Job printing and periodicals
Chemicals and allied products
Industrial chemicals
Synthetic fibers
Paints
Petroleum and coal products
Petroleum refining
Gasoline
Fuel oil
Coke
Food and beverage manufactures
Food manufactures
Meat products
Dairy products
Canned and frozen foods
Grain mill products
Bakery products
Beverages
Alcoholic beverages
Beer and ale
Coal
Bituminous coal
Crude oil and natural gas
Crude oil
Metal mining
Iron ore
Stone and earth minerals

110

116

104

101

108

n.a.

88

83

87

91

* n#a#
n«a«

&«&•

158
133
138

148
126
129

147
127
137

151
132
143

130
122

129
122

120
123

131
123

129
125

162
164
117

157
156
115

153
148
115

149
135
117

151
143
117

135
142
134
n.a.

132
140
128
85

133
142
127
77

137
147
130
107

135
143
128
109

110
135
78
103
104
99
97
99
79

118
127
85
l4l
110
99
110
107
84

124
120
97
212
114
98
107
98
93

114
135
80
104
103
99
99
100
79

121
123
85
154
111
101
116
118
100

78

81

72

79

87

120
75
43
127

118
91
87
129

118
98
117
129

120
95
85
126

120
122
155
132

Note.—Groups and subgroups include Individual series not published separately.
&*&•—Not available.




OUTPUT W CONSUMER DURABLE GOODS
(1947-49 average = 100)
Unadjusted
Seasonally adjusted
1.1553
1954
19^4
1953
Nov. 1 Oct. 1 Sept. Nov. Nov. Oct.1 Sept.INov.
MAJOR HOUSEHOLD GOODS:
Furniture and floor coverings
Furniture
Floor coverings
Appliances and heaters
Major appliances
Ranges
Refrigeration appliances
Laundry appliances
Heating apparatus
Radio and television sets
Radio sets
Television sets

106
112
n.a.
115
118
n.a.
121
n.a.
n.a.
257
70
616

107
112
91
111
114
79
110
170
99
268
62
661

107
111
96
112
117
80
117
169
96
278
46
722

102
109
84
93
98
68
98
136
79
185
•66
413

110
117
n.a.
118
118
n.a.
106
n.a.
n.a.
324
71
806

Ill
116
99
124
121
87
104
199
135
338
64
860

108
112
96
122
121
87
116
181
124
279
48
722

106
113
87
96
75
86
149
90
230
68
541

97
101

96
100

95
101

89
110

97
105

101
106

100
102

89
115

:s

OTHER CONSUMER DURABLE GOODS:
Auto parts and tires
Klsc. home and personal gocds

OUTPUT OF MAJOR HOUSEHOLD GOODS
(1947-49 average = 100)

Nov.
Woven carpets
Gas ranges
Electric ranges
refrigerators
Freezers
washing machines
Driers and ironera
Varnaa cleaners
Furnaces
Water heaters
' ito radios
bvie»hold radios
Table model TV
"oLtiole model TV

65
n.a.
92
78
114
n.a.
n.a.
84
n.a.
110
143
51
759
849

Without seasonal adjustment
1954
1953
1 Oct. 1 Sent.
Nov.
1 Oct.
82
85
91
71
138
163
516
98
139
125
119
49
836
881

79
77
105
76
170
155
417
84
123
126
84
38
627
808

70
71
82
65
97
127
350
80
87
98
110
56
418
652

89
83
90
75
129
l4o
339
rO
132
113
127
=1
435
8F8

Koie.—For description and back figures see Federal Reserve Bulletin for Kay 1954
PP. 438-452, reprint available on request. Back figures, not in Bulletin,
ob Individual Indexes for major household goods, without seasonal adju-'taent, also available on request to Division of Research and Statistics.
l -e.. —Hot available