Full text of G.12.3 Industrial Production : July 25, 1946

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BOARD OF GOVERNORS OF 1KB FEDERAL RESERVE SYSTEM
For release in afternoon papers, Friday, July 26, 1946
July 25, 1946

6.12.3

H&'D 2* FIUES

BUSINESS INDEXES

1959 average 5 100 for factory employment and paydblls;
192)-25 -.verago a 100 for construction contracfcww
1935*39 average = 100 for all other s e r i e s .
Adjusted for
seasonal variation
w
3 H Z
June Z C Z E E
Juno
I n d u s t r i a l production
Total
Manufactures
Total
Durable
Honourable
Minerals
Construction c o n t r a c t s , value
Total
Residential
All other
Factory employment
Total
[Xirable goods
Nondurable goods
Factory payrolls
Total
Durable goods
Nondurable goods
Freight osrlo&dings
Department store s a l e s , value
Department s t o r e stocks, value
p--^re 1 Iminary .

JUL S 81946

V.ithout
seasonal adjustment
" W
w
TTL
June
June

pl?0

159

220

pl71

159

220

P175
P%92
Pl6l
pii+i

167
175
160
115

233
308
173

pl?6

166
176
159
115

234
308
173
147

169
179
161

50
22
73

203

59
24
87

*
*

pi38.7
pl56.2
P125.0

138.1
154.8
124.9

144

157.2
204.3

120.1

P193

Pl6l
pl44
*

•

•

pi38.4
pl56.2
P124.4

*

*
*

211

196

137.0
154.8
123.0

156.9
204.4
119.5

263.1
229.7

246.2

314.6
414.2
217.3

13;

106

140

137

107

145

P275

r256

202

p253

248

186

•

200

179

»

200

175

r—Revised.

Data' not yct available•

Motet—Production, earloadings, and department s t o r e sales indexes based on d a i l y
averages*
To convert durable manufactures, nondurable, r nufactures* and minerals
indexes t o points in t o t a l index, shown in Federal Res^rv Chart Book, multiply
durable by .379# nondurable by »U69, and minerals by #152.
Construction contract indexes based on 3-month moving averages, centered at
second month, of F. %. Dodge data for 37 Eastern States. To convert indexes to
value f i g u r e s , shown in Federal Reserve Chart Book, multiply t o t a l by
3410,269,000, residential by 5184,137,000 and a l l other by {226,132,000.
Employment index, without seasonal adjustment, nnd payrolls index compiled
by Bureau of Labor S t a t i s t i c s .



INDUSTRIAL PRODUCTION
(1955-39 average s 100)
Adjusted f o r
seasonal v a r i a t i o n
194&
1945
iFune
June I May
MANURAC'RIRSS
Iron and s t e e l
Pig iron
Steel
Open hearth
Electric
M&chinery
Transportation equipment
Automobiles
Honferrous metals end products
Smelting and refining
Lumber and products
Lunfcer
Furniture
Stone, clay, and glass products
P l a t e glass
Cement
Clay products
Gypsum and p l a s t e r products
Abrasive and asbestos products
Textiles and products
Cotton consumption
Rayon d e l i v e r i e s
Wool t e x t i l e s
l e a t h e r products
T&nning
Cattle hide l e a t h e r s
Calf and kip l e a t h e r s
Goat and kid l e a t h e r s
Sheep and lamb l e a t h e r s
Shoes
Manufactured food products
Wheat flour**
Meatpacking
Other manufactured foods
Processed f r u i t s & vegetables
Tobacco products
Cigars
Cigarettes
Other tobacco products
p~Preliminary.




P l55
*

168
11*3
34i
p2bl
P236
pl66
*

pl 10
Pl30
pl22
pi45
pl90
119
*

plU7
pl94
p2i*0
pl65
152
240
*
*

*

m

$

*

*
$

Pl37
p93
p82
p!50
*
*

*
*

109
86
126
98
319
230
239
162
130
109
129
123
142
176
133
128
140
18?
226
164
l!+9
246
174
126
105
125
74
49
118
140
142
p93
120
153
3J4.2
163
110
219
71

192
181
214
173
505
393
572
207
219
184
116
104
133
166
43
95
121
172
298
150
144
220
144
127
119
137
97
56
137
132
151
138
141
155
139
139
93
177
90

Without
seasonal adjustment
1946
1945
May • June
June
P155
*

168
143
341
p24l
P236
pl66
*

pl09
Pl37
Pl33
pl45
P192
119
*

pl46
P 198
p240
pl65
152
240
$
*
*
*
*
*
*
*

pi 36
p89
p81
p!4i
pi 12
*
*

*
*

/

109
86
126
98
519
230
239
162
130
109
131
126
142
181
135
135
i4o
190
226
164
149
246
174
126
105
125
71
48
' 127
140
135
p89
120
138
92
164
110
219
71

192
181
21h
173
505
393
572
207
219
183
121
113
. 138
166
43
102
120
175
298
150
144
220
144
126
116
132
99
57
135
132
150
132
139
146
107
145
93
186
92

* Data, not yet a v a i l a b l e .

w

3.

INDUSTRIAL PROEt'CTION
(1935-39 ayerage = 100)

. Without
seasonal adjustment
194b
1945
June 1 May
June

Adjw t w
seasonal v a r i a t i o n
1945
June* 1 May
June
MANUFACTURES- ( f o n t ' d )
Paper and products
Paperboard
Newsprint production
P r i n t i n g and publishing
Newsprint consunwtion
Petrol cum and coal products
Petroleum r e f i n i n g
Gasoline
Fuel o i l
lubricating oil
Kerosene
Coke
Byproduct
Etiehive
Chemicals
Rayon
Industria1 chemicals
Rubber
MNEEAL8
Riels
BiWminous coal
Anthracite
Crude petroleum
Metals
Iron ore

*

164
83
pl29
116
*
*

160
83
124
108
,

*

»

142
160
79
106
85
269

#

164
84
pl29
115

*

*

*

*

#

P139

p2?0
p239
p264
P399
p221

73
75
lk
233
261
367
215

148
177
136
132
163
155
421
318
243
412
222

pl 50
P156
p86
pl54
m

123
.60
125
148
68

150
153
129
151
109

pl5C
pl56
p€6
pi54

P139
«

pl38
*

*

*

*

*

*

»

•

73
75
lit
232
261
387
215

123
60
125
148
66
116

150
153
129
151
129
301

•
*

*

*

P 2?0
p236
p264
P399
p221

*

148
177
136
124
163
155
421
315
243
412
222

pl38*

*

*

142
160
80
105
84
269

143
160
83
126
112

!

$
*

"

* Date not yet available.

p—-preliminary or estimated.
FREIGHT C/uU.OADIKGS
(1935-39 average = 100)
Coal
Coke
Grain
livestock
Forest products
Ore
Liscellaneous
Merchandise, l . c . l .

1&

iko
126
127
149
137
135
31 ' '

68
62 ;
126
114
125
66
123 V
74"

m
,
181
155
121
144
170
146
66

146
138
128
96
155
213
.139
81

68
61
111
103
130
103
125
74

"

143

178
158
99
149
263
150.
68

Note: —To convert coal and r.iscel!laneous indexes to points in t o t a l index, shewn
in Federal Reserve Chart Book, multiply coal by .21'$ &nd miscellaneous by 548.