Board of Governors of the Federal Reserve System (U.S.), 1935-. "July 23, 1948," G.12.3 Industrial Production (July 23, 1948). https://fraser.stlouisfed.org/title/55/item/491561, accessed on August 4, 2025.

Title: July 23, 1948

Author: Board of Governors of the Federal Reserve System (U.S.), 1935-
Date: July 23, 1948
Page 1
image-container-0 titC'D IN Flhti • d " 0.12.3 BOARD THE FEDERA L RESERVE SYST1 U For release in morning papers, Saturday, July 24, 1948 July 83 , 1948 BUSINESS INDEXES 1939 average = 100 for factory employment and payrolls; 1923-25 average •$ 100 for construction contracts; 1935-39 average a 100 for all other series* Industrial production Total plM 191 184 pl93 191 185 Manufactures pl93 Total p!90 197 191 pl98 196 191 Durable pm 220 219 p223 221 220 Nondurable pl78 178 168 pl78 177 168 Itinera Is plS8 162 148 pl62 164 152 Construction contracts, Total 226 158 Residential 195 127 All other 251 182 Factory employment Total 155.3 154.7 Durable goods » 183.8 183.4 183.9 183.9 Nondurable goods 133.0 131.7 Factory payrolls Total 345.9 327.2 Durable goods 389.5 375.5 Nondurable goods Freight carloadings 139 141 137 144 143 142 Department store sales. value Department store stocks , value Without seasonal adjustment J Adjusted for seasonal variation 1947 1948 1947 Aw# 1 toy i June June i i j June I * $ # $ * * 188 136 166 116 206 152 156.6 155.2 135.0 133.0 309 288 242 mmmm mm * .* * $ * * * * * * iuL 'J ti ;-;*H 303.2 280.0 299 266 296 237 p—Preliminary. * Data not yet available. Notes —Production, carloadings, 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 Reserve Chart Book, multiply durable by .379, nondurable by .489, 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 figures, shown in Federal Reserve Chart Book, multiply total by *410,269,000, residential by #184,137,000 and ell other by #226,132,000. Employment index, without seasonal adjustment, and payrolls index compiled by Bureau of Labor Statistics.
image-container-1 e e INDUSTRIAL PRODUCTION 2. (1935-39 average = 100) . 41 - • Adjusted for Vdtliout seasonal variation seasonal adjustment 1948 1647 1948 1947 June j Jaay June June i ; | June MANUFACTURES Iron and steel p206 206 193 p206 206 193 Pig iron * 193 189 * 193 189 Steel ' ' 234 233 211 234 233 211 Open hearth 181 183 176 181 163 176 Electric 617 589 458 617 589 458 Machinery p274 272 275 p274 272 275 Transportation equipment p227 215 233 ! p227 216 233 Automobiles, (incl. parts) pl92 176 191 pl92 175 191 Nonferrous metals and products pl93 197 179 pl93 197 179 Smelting and refining pl93 203 188 i pl92 203 187 Lumber and products pl40 142 142 i | P 147 145 149 Lumber pl29 131 133 I pl40 134 143 Furniture « pl61 164 160 pl61 164 ISO Stone, clay and glass products p208 205 207 p210 •211 209 Plate glass 170 152 154 170 152 154 Cement # 187 171 * 196 163 Clay products pl76 172 164 pl75 171 163 Jypsum and plaster products p240 238 216 p245 241 221 Abrasive and asbestos products p241 244 239 p241 244 239 Textiles and products pl73 176 155 pl73 176 155 Cotton consumption 140 147 133 140 147 133 deliveries 309 308 263 309 308 263 "Wool textiles 179 155 * 179 155 leather products 108 107 * 108 106 Tanning * 110 114 1 $ 109 112 Cattle hide leathers * 125 130 # 125 125 Calf and kip leathers # 81 , 94 * 78 96 Goat and kid leathers * 92 92 * 90 92 Sheep and lamb leathers * 93 84 * 100 83 Shoes » 107 103 * 107 103 Manufactured food products pl61 159 154 P161 153 154 fVheat flour pl36 139 157 pl30 134 146 Meatpacking P149 127 152 pl48 127 150 Other manufactured foods pl67 168 154 pl58 152 146 Processed fruits & vegetables pl45 148 132 pill 96 101 p—Preliminary. * Data not yet available.
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