Full text of G.12.3 Industrial Production : January 29, 1951

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Mjgn i K f u a e a e r n o w

*r%

JAN R i m s i
BOARD OF GOVL&.CRS OF THE FEDERAL RESERVE SYj IEI.
For r e l e a s e in afternoon papers, Tuesday, January 30* 1951

G.12.3

January 29, 1951

s

BUSINESS INDEXES

1939 average = 100 f o r f a c t o r y employment and p a y r o l l s ;
192J-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 .
without
Adjusted f o r
Annual
seasonal variation seasonal adjustment
indexes
192+9
1949
1950
1949
Dec. 1950 1 / | I9ii9
Dec. | Nov.
bee.
Dec. | Nov*
— .

Industrial production
Total
Lanvfactures
Total
Durable
Nondurable
llinerals
Construction c o n t r a c t s ,
value
Total
Residential
All other
Employment
Total n o n a g r i c u l t u r a l
Total factory
Factory p a y r o l l s , t o t a l
Freight carloadings
Department store s a l e s ,
value
Department store stocks,
value

—

p2l6

215

179

p2l2+

216

178

200

176

p227
d268
P193
pi 59

22L
260
195
160

168
203
176
132

P 225

225
260
197
159

186
201
175
128

209
237
187
12+8

183
202
168
135

P317
p287

306
20+
525

262
255
268

P 256

276
272
278

213
217
209

P5U2

p266
pl92
P153

p2i>3

P267

294

30k

286

12+5.6
pi50.0 150.2 12+1.2 P153.3 151
126.3
pl 57.1 157.2+ 139.3 pl58.2i 159.0 12+0 .U 12+9.6
—
e2+25.2 2+12+.9 329.3 e 3 7 l . 8
—

210
192
226
1L.2.C
ll+l.t
325.:

12*0

136

115

130

159

107

128

116

eJ2i+

291

293

e531

356

2+01

303

286

*

332

271

372

214+

«

*

*

* Data not y e t available#
p—preliminary.
©--Estimated.
Eote$—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 in t o t a l index, shorn in Federal Reserve Chart Book, m u l t i p l y
durable by .579# nondurable by .I4.69, and minerals by .152.
Construction c o n t r a c t indexes based on 3-month moving averages, centered a t
second n o t h , of P, I*. Dodge data f o r 37 Eastern S t a t e s . To convert indexes to
value f i g u r e s , sho%n in Federal Reserve Chart Book, multiply t o t a l by
:
32*10,269,003, residential by >182*, 157,000 and a l l other by 5226,132,000.
Factory employment index, without seasonal adjustment, and payrolls index
compiled by Bureau of Labor S t a t i s t i c s .
Annual Indexes for 1950 &%~e preliminary.



2.
INDUSTRIAL PRODUCTION

(1925-39 average = 100)
Adjusted for
!
without
Annual
ce^uoi 1 variation seasor 1 adj;;str.er.t'
indexes
r HO
19H)
l?4v |
1949
:.ov. j Dec. ivy.- i/i 191+9
tec.
De^. | , SV.
Dec.
1AT1PACTURES
Iron and s t e e l
Fig iron
Stool
Open hearth
Electric
Machinery
Transportation equipment
Auto»iobil es ( i n c l . parts )
Kcnferrous metals & prod.
Smelting and r e f i n i n g
Fabricating
Lunber and products
iur#er
furniture
clone, clay & glass prod.
Cerent
Clay products
Textiles and products
Cotton consumption
Rayon d e l i v e r i e s
nool t e x t i l e s
Leather products
Tanning
Manufactured food prod#
nheat f l o u r
Meatpacking
Other manufactured foods
Processed f r u i t s 6
vegetables

'

*

*

pl 61
pl 18
P173
pl£6

161
107
165
168

201
198
239
194
557
227
211
181
166
174
163
159
155
170
187
206
150
173
134
350
151
101
99
160
105
157
167

r 150

149

152

216
280
20?
802
P321

p295
p264
p226
P218
p229
P173
pl62
pl 97
p227
*

P17JU
P192
158
*

•
*

247
211
272
198
803
310
279
251
226
220
228
170
156
197
227

21k

175
192
158
380
164
@110

\ J Annual indexes for 1950 are preliminary.




229
211
265
198
; 740
270
262
242
206
210
205
161
149
183
209
o212
164
181
145
e?o2
el 60
ell2

164
108
184
175

201
198
2J9
194
557
227
211
181
16?
175
163
145
132
170
181
137
154
173
134
350
151
101
99
156
104
186
165

164
109
157
171

188
175
199
162
4to
234
235
206
160
186
149
130
119
152
188
197
155
147
113
280
135
106
97
163
113
151
171

137

103

144

145

247
211
272
198
803
310
279
251
226
221
228
168
153
197
232
231
182
192
158
380
164
@111

253
216
280
207
802
P321
p295
p264
p226
p219
p229
pl 59
pl4o
P197
p220

*

*

P159
Pll7
p205
pi£4
plOl

*

p!79
P192
158
*
*
*

*

1 [WTR1AL PRJWCTLb
(1^35-39 average » 100)
Adjusted for
seasonal variation
1950
1949
Use. J Kov.
Deo.

1
•
"
Annual
seasonal adjustment
Indexes
1950
1949
Dec. ,1950iZ I 1949
Dec«, |Kov.

mmFACTURES (Cont'd)
Tobaoco products
155
Cigars
89
Cigarettes
215
Other tobaooo products
56
% pt r find products
pl92
*perboard
229
Kr s p r i n t production
117
1 ting and publishing
pi 69
i i s r r i n t consumption
162
* € *r c 1 eivji an d c 0 a 1 produ c t a p258
Gasoline
p!98
Fuel o i l
p225
#
Coke
*
Byproduct
Beehive
p464
Chemicals
p280
faints
pl6o
*
Rayon
Indus t r i a l chemicals
p497
Rubber products
P 253

n497
p253

231
240
113
182
180
250
195
209
178
170
427
283
160
376
493
253

138
88
188
58
167
193
92
162
159
219
180
190
158
161
58
249
141
335
422
193

168
105
229
68
186
218
111
169
166
228
187
192
168
163
333
263
156
359
455
224

140
286
414
183

pi63
P130
143
80
pl79
P 93
P 85

165
127
138
84
18b
124
195

136
95
103
63
157
81
72

152
119
12?
87
169
125
213

13v
103
107
84
157
107
184

9?
155
123
(9
119
45
120
50

" 11?
180
135
68
140
172
140
53

100
145
142
~7
12"
151
127
57

171
127
227
65
201
240
112
171
165
250
195
209
178
170
I+27
279
162
376
493
253

149
88
205
66
167
193
94
159
152
219
180
190
158
161
58
245
141
3i5
422
193

142
89
198
50
pl92
229
111*
pl73
170
^58
pl 98
p225

165
127
138
64
184
130

136
95
103
63
157
106

*
*

^64
P
pl6o
*

174
127
231

67

165
10?
224

(8

156
179
99
155
155
209
176
178
150
148
206

2la

MBERALS
Fuels
Coal
Bituminous coal
Anthracite
Crude petroleum
Petals
Iron ore

p!6?
P130
143
80
p!79
pl26

FREIGHT CARLOADINGS
(1935-39 average = 100)
Coa 1
Coke
*
Grain
Livestock
Forest products
Ore

~seella"ecus
rz 9 44.se,

r

129
194
158
72
162
199
151
52

125193
I06
72
157
184
146
53

97
148
131
72
134
lii6
127
52

- ' 1 2 9 -- 1 2 6 204
198
162
148
70
90
154
145
123
62
142
152
50
54

in Federal Reserve Chart Book* multiply coal by *213 and miscellaneous by .5L8.