Full text of G.12.3 Industrial Production : January 26, 1944

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'f•
BOARD OF GOVERKORS OF THE FEDERAL RESERVE SYSTEM

J A N 2 61944

/ ' R&S 31 - 233
January 26, 1844

For release ir afternoon papers
Wednesday, January 26, 1944
BUSINESS INDEXES

1935-35 average - 100 for Industrial production and freight oarloadings;
1939 » 100 for factory employment and payrolls;
1923-25 average » 100 for all other series
Adjusted for
seasonal variation
1942
1943
Deo.
Deo. | Nov,
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 £9odc
Freight oarloadings

Without
seasonal adjustment
1942
1943
Dec.
Dec. | Nov.

Annual
indexes
1943 7 1942

p245

247

223

p243

247

221

p239

199

p264
p374
pl75
pl39

268
377
175
1'3

240
328
169
127

p263
p373
pl74
pl32

268
377
180
131

239
327
168
119

p258
p361
pl76
pl32

212
279
158
129

p66
p39
p87

60
37
78

175
91
243

p53
p33
p68

53
35
67

139
77
190

p69
p40
p92

166
82
235

pl69.4
p233.0
pll9,2

170.7
233.5
121.2

164.2 pl69.7
21&5 p233.0
123,'/ pll9.8
*
*
mm

*

170,7
233.6
121.2

164,5 pl68.7
215,5 p227.8
124.3 pl22.1

152.3
191.5
1214

336.2
473.9
201.4

28%9
39U
1864

242,3
32U

*
*

*

IMS

144

139

136

133

142

126

137

138

Department store sales. value

pl29

158

125

p229

160

222

pl38

124

Department store stocks ,value

*

98

101

*

113

95

*

118

p--Pre11mlnary or estimated,
•Data not yet available.
Note#—Production, oarloadings, 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, Dodge data 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 $184,137,000, and all other by #226,132,000,
Employment index, without seasonal adjustment, and payrolls index compiled
by Bureau of Labor Statistics#




'2,
INDUSTRIAL PRODUCTION
(1935-59 average - 100)
Adjusted for
seasonal variation
1645
:
1*3
Dee, 1 Nov. Bee-,
MAHUFACTORES
Iron and steel <
Pig iron
Steel
Open hearth
Electric
Machinery
Transportation equipment
Honferrous metals & products
Lumber and products
lumber
Furniture
Stone, clay, & glass products
Plate glass
Cement
Clay products
Gypsum and plaster products
Abrasive 6 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 & vegetables
Tobacco products
Cigars
Cigarettes
Other "tobacco products
Paper and products
P&pcrbofard
Newsprint production
Printing and publishing
Newsprint consumption
p—Preliminary or estimated*



Without
seasonal adjustment
1945
1942
Dec.
Dee, J Nov.

AJuuUBll
1943 i 1942

•
•"

200
199 . 209
200
198
197
235
221
221
176
184
179
556
592
623
p465
463
407
p784 . 785
630
.*
304
242
136
130
pl36
127
pl29
122
pl52
162
146
pl68
168
173
55
54
35
#
98
171
pi 26
124
144
pl96
196
191
p325
329
293
162
pl47
157
142
155
163
pl89
191
178
- S
153
163
pl06
104
117
*
99
126
*
101
141
*
93
• 67
$
92
64
*
148
154
pll2
109 . 110
pl47
149
143
128
120
p!52
p!67
185
166
pl46
145
144
pl25
121
122
. *
148
146
*
101
154
*
186
160
*
i-oo
54
140
133
135
151
134
*
86
100
plOS
106
111
89
.90
103

199
198
221
176
556
p463
p784
•
pi 26
pi 12
pl52
pl71
55
*

pl31
pl99
p325
pl47
142
pl89
*

pl08
*
*
*
*

pll2
pl43
pl30
pl99
pl45
p97
#

*

*
*

135

*

pl08
93

200
209
200
197
221
235
179
184
623
692
407
463.
785
630
243
304
120
133
124
106
152
146
172
169
64
35
105
156
129
149
198
194
329
293
152
157
153
163
191
178
163
163
.106
116
125
102
105
141
;
69 " 91
8S
65
167
146
109
110
150
13S
129
118
206
186
Isi
142
111
95
151
137
101
154
190
147
103
83
160
132
151
134
87
98
110
114
. 98
108

199
207
193
198
218
232
184
179
495
576
340
p444
464
p737
p273
214
pl29
134
130
pll9
pl49
142
168
pl73
p44
37
pl28
171
pl34
154
pl99
186
p319
236
pl54
157
159
171
pl83
173
pl56
156
pll4
122
p!15
128
pl21
143
p85
92
p89
96
pl67
150
pll4
119
pl42
134
pll6
107
pl64
148
pl42
134
118
126
pl33
131
p99
119.
pl64
150
p89
94
pl40
142
14*7 ' 141
p69
105.
pill
115
99
103

* Data not yet ava: lable.

e

# #

#

-

'•-»

3.

INDUSTRIAL PRODUCTION
(1935-39 average = 100)
Adjusted for
Without
-seasonal -variation- eeason&l adjustment
- iSNt 5
1942
-•
1943 • ' 111942
* Dee. 1 Itovv 1
Dee«r
I Dec, * S e e , - 1 »®ri

Annual
Indexes
1948 1 1942

•

MANUFACTURES (Cont'd.)
Petroleum and coal products
Petroleum refining
Gasoline
Fuel oil
Lubricating oil
Kerosene
Coke
.
Byproduct
Beehive
Chemicals
Rayon
Industrial chemicals
Rubber

156
155
104
137
112
102
166
156
501
346
196
319
212

213
p216
p223 ' 220
pl28 • 123
, »
159
•
137
*.
117
pl73
163
155
pl63
462
p536
390
p372
p225 ' 223
p398 ; 398
p247 : 241

156
155
104
137
113
99
166
156
601
544
196
319
212

p216 • 213
220
p223
123
pl28
e
153
#
137
# .
120
pl73 *•; 163
pl63 • 155
462
pS3S
p373 ' 392
p225 ' 223
p398 | 398
p247
241

p!4l
pl56
pll4
pl39
pl22

126
143
105
121
133
223

126
pl4l * 134
pl56 ! 131
143
105
pll4 • 102
pl39 : 139
121
79
p76 ! 115
19
p46 I 182
-J.
* Data not

pl85
pl88
pill
pl45
pl21
pl 16
pl67
pl67
p495
p385 .
p215
p367
p228

147
144
110
129
121
109
164
154
513
278
1.85
286
172

pl33
pl47
pH8
pl29
pl25
p218

126
145
117
118
148
229

MINERALS
Fuels
•
Bituminous coal
Anthracite
Crude petroleum
Metals
Iron ore

#

134
131
102
139
123
p223

p—Preliminary or estimated.

yet availably

FREIGHT CARLOADI1J0S
(1956-35 average * 100)
Coal
Coke
Grain
Livestock
Forest products
Ore
-f
Miscellaneous
Merchandise, l.c.l.

147
192
153
122
154
209
148
68

. 127
106
. 161
. 132
150
191
147
67

132
184
139
117
137
189
144
59

147
202
144
118
138
65
139
65

127
132
*93
186
157
•'130
166
113
147
122
59
193
153 ' 136
'56
68

138
186
146
117
141
192
145
63

136
181
121
104
155
206
146
69

the.Federal Reserve Chart Book, multiply coal by ,213 and miscellaneous by .548.