Full text of G.12.3 Industrial Production : July 26, 1949

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BOARD OF GOVERNORS OF IHD FEDERAL RESERVE^SYSTEM,
v^ ^
:
;U^ " ( i%4b
For release in morning papers, V*ednesdayf Ju|jf 27, 19^9
G.12,3

July 26, 1919

BUSBHS5 INDEXES

1959 average * 100 for factory employment and payrolls;
1925-25 average * 100 for construction contracts 5
1935^39 average = 100 for a l l other s e r i e s .
without
seasonal adjustment
1949
I 1948
June
June |
May

Adjusted f o r
seasonal v a r i a t i o n
1948
19L9
June I May
June
I n d u s t r i a l production
Total
Manufactures
Total
Durable
nondurable
Minerals
Construction c o n t r a c t s # value
Total
Residential
All other
Factory employment
Total
durable goods
Londurable goods
Factory p a y r o l l s
Total
Durable goods
Nondurable goods

P169

I7I+

192

pl70

174

193

P175
pl94
pl6l
pl34

179
201
161
1U5

198
222
179
159

pi?6
P195
pl6i
P138

179
202
160
148

199
223
179
163

Pl95
P177
P209

leo
157
199

201
177
220

p226
P195
p251

217
185
243

233
194
265

*
*

*
- -

pi45.5
pl66.1
P129.2
—

158.8
184.0
138.9

*
*

—
- -

pi44.3
pi66.o
P127.3

158.2
184.5
137.5

*

359.0
401.3
317.6

$

*

*

*

"

- w

Freight carloadings

Ilk

124

139

119

125

144

Department store s a l e s , value

281+

292

307

26?

237

289

»

274

287

*

277

278

Department s t o r e stocks » value

p—Preliminary
'
* Data not yot a v a i l a b l e .
Botet—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 d a i l y
averages« To convert durable manufactures, nondurable manufactures, and minerals
indexes to points i n t o t a l index, s h o w i n f e d e r a l Reserve Chart Book, multiply
durable by •379, nondurable by #U69» and minerals by .152.
Construction contract indexes based on 3*®onth moving averages, centered a t
second month, of r . • # 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 , shown i n f e d e r a l Reserve Chart Book, multiply t o t a l by
$Ll0,269l030, r e s i d e n t i a l by V18L,137,000 and a l l other by 3226,132,000.
Employment index, without seasonal adjustment, and p a y r o l l s index compiled
by Bureau of Labor S t a t i s t i c s «




#

#

INDUSTRIAL PkOLUCTION
(1935-39 average"100)

2.

Without
seasonal adjustment
1948
1949
June
Hay
June

Adjusted for
seasonal variation
1948
1949
June
June I toy
mWFACTURTS
Iron end s t e e l
Pig iron
Steel
Open hearts
Electric
Machinery
Transportation equipment
Automobiles ( i n c l . p a r t s )
i.onferrous metals and products
^melting and r e f i n i n g
uimoer and products
lumber
Furniture
Stone, clay & glass products
Cement
Clay products
Gypsum and plaster products
Abrasive & asbestos products
T e x t i l e s and products
Cotton consumption
Rayon d e l i v e r i e s
•*ool t e x t i l e s
Leather products
Tanning
C a t t l e hide l e a t h e r s
Calf and k i p 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 f l o u r
meatpacking
Other manufactured foods
Processed f r u i t s & vegetables
P— Prel iminary.




177
189
162
167
29)
p226
p239
p210
Pi35
*

pi 24
P115
pi1*2
P183
*

pl$4

pnk

pi 89
pi26
105
216
*

*

*

*
m
$
*
*

pi64
pll3
pl-39
P173
Pl63

204
209
218
187
438
232
220
181*
145
200
126
120
139
184
196
157
177
190
123
103
213
118
101
95
109
76
79
69
105
162
105
137
172
156

208
196
236
181
630
277
222
185
194
194
140
129
161
207
190
176
238
249
174
i4o
313
176
109
107
121
80
89
94
110
163
138
152
169
159

177
189
182
167
293
p226
P259
p210
P135
*

i pi 31
P125
pl42
P185
*

pl53
P179
P189
pl26
105
216
*

|

*

*

*

*
*

*

pl64
pl08
Pl37
pi 64
pl 26

204
209
218
187
438
232
220
184
145
200
129
124
139
169
206
156
180
190
123
103
£13
118
101
96
109
73
78
75
105
156
101
158
156
102

208
196
236
181
630
277
222
185
193
193
148
141
161
209
203
175
243
249
174
140
313
176
103
104
116
81
90
93
110
163
132
151
160
122

* Data not yet available.

INDUSTRIAL PRODUCTION
(1935-39 average = 100)
Adjusted f o r
seasonal v a r i a t i o n
1948
1949
June
May.
June

3.
Without:
seas oral adjustment
1049
{ 1948
• ijiine ! ay
| Juno

LAMJFACTURES (ContW)
Paper and products
Paperboard
Newsprint production
Printing and publishing
Newsprint consumption
Petroleum and coal products
Gasoline
Fuel o i l
Coke
Byproduct
Beehive
Chemicals
Paints
Soap
Rayon
I n d u s t r i a l chemicals
Rubber products

*

16U
99
P151
156
P199
P179
pl56
*

*

p210
p231
pi34
pi30
P 258
P395
P179

Ilj4
165
100
156
161
p£07
177
166
175
169
394
234
135
130
259
406
178

165
187
98
157
146
p220
173
194
175
168
407
256
154
124
309
449
205

149
144
105
155
125

164
157
105
173
128

*

164
100
pi5o
155
pl$9
P179
pi 56
*
*

p210
p228
pi 38
pl27
p258

pm

P179

144
162
101
159
168
p207
177
166
175
1 (9
394
253
139
126
259
4o6
178

165
187
99
156
144
p220
173
194
175
168
407
253
158
122
309

149
144
105
155
141
302

164
157
105
173
153
331

hh9
205

MINERALS
Fuels
Bituminous coal
Anthracite
Crude petroleum
Let&ls
Iroc ore

pl36
plo4
P78
pl54
#

pl 36
pio4
P78
plc2t
*
#

p~Preliminary.

* Data not yet a v a i l a b l e .
FREIGHT GnRLQADIiiGS
(1935"39 average * 100)

Coal
Coke
Grain
Livestock
Forest products
Ore
Miscellaneous
Merchandise, l . c . l .

96
150
156
64
122
182
122
58

lio
173
150
73
123
215
126
59

m

rl58
144
66
150
rl88
140
r6?

98
147
159
54
127
282
126
57

ijo
171
132
66
126
267
127
59

153
rl84
147
r75
156
r291
rl45
66

-S W i A
Uotei To convert coal and miscellaneous'indexes to points In t o t ah l1 index,
shorn
in Federal Reserve Chart Book, multiply coal by .213 and miscellaneous by .548.
r~~rte vised*