Full text of G.12.3 Industrial Production : July 15, 1954

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BOARD QF GOVERN*® OF THE FEDERAL RESERVE SYSTEM(
For immediate release, Thursday# July 1$, 195U
G.12.3

July 15, 195h
BUSINESS INDEXES
19U?-lt9 average = 100
Unadjusted
1951T
June | May I AprI

Seasonally adjusted
TOT
June j May I Apri
June
Industrial production
Total
Manufactures
Total
Durable
Nondurable
Minerals
Consumer durable goods 1/
Total
Major consumer durables
Autos
Household
Other consumer durables
Construction contracts,value
Total
Residential
All other
Employment and payrolls
Nonagricultural emp.,total
Manufacturing prod, worker
Employment, total
Durable
Nondurable
Payrolls, total
Freight carloadings

"1953"
June

p!2lt

1214

123

136

pl2lt

123

123

136

pl26
pl35
pll6
pill

126
135
116
111

125
13k
115
109

138
15U
121
119

pl25
pl35
pll5
pll3

12lt

125

138

136
112

137
113
109

155
121
120

pll8
pl28
136
P123
P 95

11?
130
1L5
120
93

116
126
139
116
93

13k
lit?
158
139
103

pll6
pl26
I2t2
pll2
P 93

131

11*6
110

119
131
151
116

92

92

166
126
101

n.a.
n.a.
n.a.

193
216
178

196
213
181)

169
17U
166

n.a.
n.a.
n.a.

231*
257
219

225
251
208

197
192
201

pll0.1

110.2

110.U 11U.3 pllO.O

109.6

110.0

11U.2

pl01.6 102.3
pl07.6 108.6
p 91i.6 95.0

102.9 111.3 pl00.5
109.6 125.3 P107.1
95.2 101.5 P 92.7
- el36.0
-

100.6
108.0
91.8
13U.It

101.8

113.1
12h.8

-

-

111
116

126

Ikk

109.5
92.7
135.0

99.k

153.9

81

8U

84

97

87

86

81

101

Department store sales,value ell3
Department store stock^value n.a.

pl08
121

111
120

115
128

el07
n.a.

106
126

110
127

108
123

T7
~

Detailed indexes are shown on page 5 of this release,
Federal Reserve Bulletin for May 195U, pp. L38-L52.

For description see

Note: Construction contract indexes based on 3-month moving averages, centered at
second month, of F. W. Dodge data for 37 Eastern States* The unadjusted indexes
of employment and payrolls are compiled by or based on data of the Bureau of
Labor Statistics®
e—Estimated




p—Preliminary

n.a.— Not available

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

Unadjusted
1954
1 Apr.

1
?

Seasonally adjusted
• 1954
1953
pJune 1 May 1 A»r.
June

. >. ..

DUPABLE MANUFACTURES:
Priiary metals
Mrtal fabricating
Fabricated metal products
•Machinery
Nonelectrical
Electrical
^Transportation equipment
instruments
"ley, glass and lumber prod.
Store, clay and glass prod.
Lumber and products
furniture and miscellaneous
Furniture and fixtures
Miscellaneous manufactures

1953
June

Ill
137
168
147
122
139
161
137
144
125
194
159
188
175
137
157
124
124
134 : n.a.
n.a.
114
114
135
122 : 100
124
145

108
148
121
138
126
161
177
138
127
130
124
114
99
125

107
150
120
l4l
128
166
179
140
124
128
119
115
101
125

138
168
139
159
146
184
193
157
129
13c
122
131
117
140

100
93
108
*103
113
• 94
125
133
120
140
146
124
106
107
103

113
111
115
113
130
99
126
134
121
145
150
131
106
106
103

99
n.a.
n.a.
102
n.a.
n.a.
125
n.a.
120
138
144
122
111
111
n.a.

95
93
96
99
110
89
126
134
121
138
144
120
103
104
n.a.

97
93
102
104
115
94
128
136
122
140
147
120
98
98
99

114
111
117
113
131
97
125
134
120
142
146
131
108
108
110

112
58
137
99

119
86
134
121

Ill
63
134
122

Ill
62
134
116

111
58
137
99

117
81
134
136

106
147
121
137
124
163
175
138
125
130
121
118
103
129

103
146
119
138
125
163
172
139
121
128
114
117
103
127

n,a.
103
n.a.
n.a.
126
n.a.
121
l4l
148
122
108
109
n.a.

99
94
104
102
112
• 94
126
137
119
140
147
122
109
110
Utftt

112
64
134
109

112
65
134
106

109
146
122
139
124
168
170
137
120
n.a.

n.a.
118
104
128

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

98

MINERALS:
Mineral fuels
Coal
Crude oil and natural gas
Metal, stone and earth min.

p—Preliminary



n.a.—Not available

INDUSTRIAL PRODUCTION
(1947-&9 average » 100)

May
Primary metals
Ferrous metals
Pig iron
Steel
Carbon steel
Alloy steel
Castings and forgings
Honferrous 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
Limber 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.a.—Not available




Without seasonal adjustment
1953
1954
May 1 Apr.
1 Apr. 1 Mar.

103
94
108
108
109
n.a.
121

102
93
105
103
113
98
122

104
100
106
105
114
101
119

143
133
148
l4o
196
133
139

142
130
146
139
191
136
138

125
116

123
117

125
121

139
144

139
145

84
128
162

85
129
167

84
134
177

105
148

109
149

191

192

158

160

164

182

184

146
99
473
32

151
101
476
39

142
101
485
44

162

116
137

117
332

121
118

125

126

137

132

117
169

113
163

109
164

114

120

159

164

98
95
107
n.a.
105

99
97
101
63
103

100
100
100
61
105

108
83
97

111
99
96

103
122
107

170

142

124
452

66

-

452
65

115

111

129

107
125

110
8?

80

123

123

128

123

94

110

86

112

INDUSTRIAL PRODUCTION
(19^7-49 average = 100)

I

I

Without seasonal ad.
1954
1 Apr. 1 Mar.

May
Rubber products
Tires and tubes
Leather and products
Shoes and slipper#
Paper and 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
Alcoholiq beverages
Beer and ale
Coal
Bituminous coal
Crude oil and natural gas
Crude oil
Metal mining
Iron ore ,
Stone and earth minerals

:

1953
May 1 Apr.

105

Ill

108

132

135

93

103

109

106

109

148
125
132

146
125
128

148
127
131

144
126
135

146
129
138

125
118

129
119

120
121

127
120

127
120

148
144
116

149
l4l
116

150
140
115

159
168
122

159
170
119

127
138
118
80

128
137
121
80

129
135
127
86

132
140
125
114

131
137
127
113

101
105
133
84
103
95
115
106
117

97
106
119
75
99
96
103
100
106

98
115
104
71
101
96
98
99
102

101
103
136
90
104
100
110
102
106

98
111
112
80
99
98
105
102
109

65

60

63

84

79

124
106
126
126

127
79
58
119

125
73
39
114

122
139
184
125

124
119
131
123

Note.--Groups and subgroups Include individual series not published separately.




OUTPUT OF CONSUMER DURABLE GOODS
(19^7-49 average = 100)
Seasonally adjusted
1954
1953
May 1 Apr. | Mar. May

Unadjusted
1954
May I Apr.l Mar.

1953

May

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

95
100
82
117
120
n.a.
144
124
n.a.
198
43
493

97
102
82
114
117
76
137
134
103
178
43
436

99
103
86
105
109
84
118
129
91
151
43
356

119
124
103
138
144
110
165
150
119
262
67
635

92
96
80
112
117
n.a.
147
111
n.a.
155
48
360

90
96

89
96

88
100

94
112

90
94

97
100
90
116
124

79
153
130
91
172
49
4o6

102
105

114

93
144

119
100
132
l4o
106
168

151
79
182

135
107
208

49
435

74
464

85
102

94
110

94
117
129

OTHER CONSUMER DURABLE GOODS:
Auto parts and tires
Misc. home and personal goods

87

96

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

May
Woven carpets
Gas ranges
Electric ranges
Refrigerators
Freezers
Washing machines
Driers and ironers
Vacuum cleaners
Furnaces
Water heaters
Auto radios
Household radios
Table model TV
Console model TV

68
n.a.
96
85
169
107
147
75
n.a.
n.a.
112
30
396
328

1

Without seasonal adjustment
1953
1954
May
1 Apr.
Apr. 1
Mar.
77
70
95
92
151
122
202
78
81
118
117
31
498
322

83
77
120
93
120
139
256
94
70
105
105
34
482
392

87
88
136
108
260
127
200
94
100
126
176
45
357
560

106
94

123
121
284

139
185
95
93
125
171
50
438
637

Note.—For description and back figures see Federal Reserve Bulletin for May 1954,
pp. 438-452, reprint available on request. Back figures, not in Bulletin,
on individual indexes for major household goods# without seasonal adjustment, also available on request to Division of Research and Statistics.

n.a.—Not available