Full text of G.12.3 Industrial Production : June 26, 1946

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BOARD OF GOVERNORS OF THE F5DBRAL R E S _ ^ C S
or release In morning papers, Friday, June 28, 1

0#12.3
BUSINESS IBDEXES

1939 overage 5 100 for factory employment and payrolls;
1923-25 average * 100 for construction contracts;
1935*59 average s 100 for all other series.
Adjusted for
seasonal variation
1945
19W>
May
| Apr.
Industrial production
Total
Manufactures
Total
Durable
Nondurable
Minerals
Construction contracts, value
Total
Residential
All other
Factory employment
Total
Durable goods
Nondurable goods
Factory payrolls
Total
Durable goods
nondurable goods

pl6o

165

225

pi6o

pl68
P176
pl6l
pll6

176
191
16?
lOlt

2U0
323
173
138

pi67
P177
pl6o
pll6

*

170
172
168

58
20
89

•
*

163

225

174

240

191

160

323
172

99

litl

I9h

70
2U
108

201
188

*

pl38.1
P15U.6
P125.1

156.9
152.3
12U.7

120.8
m —

.

—

106

rl09

rlia

Department store sales, value

257

250

189

p200

189

173

p—Preliminary.

*

*

lbO.3
211.5

Freight oar loadings

Department store stocks , value

Tvithout
seasonal adjustment
Isuy
19
Hay
May |\ Apr.

r—Revised.

P137.0 136.1
pl5li..6 152.2
PI23.2 123.5
*

159.8
211.5
119.0
313.7
1,27.6

*

2l9.1
257.3

*

£31 .U

212.2

107

107

ll+2

2ti8

255

183

168

173

p200

* "Data not yet available".

Kote:—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 Federal Reserve Chart Book, multiply
durable by .379, nondurable by
and minerals by *152.
Construction cbntract indexes based on 3-month moving averages, centered at
second month, of F. tiT Bodge data for 37 Eastern States*
To convert indexes to
value figures, shown in Federal heserve Chart Book, multiply total by
$Ll0,269,000, residential by t;16L,137,000 and all other by ^226,132,000.
Employment index, without seasonal adjustment, and payrolls index compiled
by Bureau of Labor Statistics.




2.

INDUSTRIAL PRODUCTION
.(1935--39. average = 100)

•*

Adjusted for
* s&flLSdital variation

•

im

May; i" - Apr.
IJ^UFACTUHES

* ~

" *
pl08

Iron and steel
»
Pig iron
Steel
124
Open hearth
99
Electric
307
Machinery
p231
Transportation equipment
p238
Automobiles
pl57
*
Honferrous metals and products
Smelting and refining
pill
lumber and products
pl28
lumber
pl22 FUrniture
plU
Stone, clay, and glass products
pl89
Plate glass
133
»
Cement
Clay products
pi43
Gypsum and plaster products
pl 91
Abrasive and asbestos products p228
Textiles and products
pl63
Cotton consumption
li+9
Rayon deliveries
246
*
Wool textiles
* Leather products
*
Tanning
*
Cattle hide leathers
•
Calf and kip leathers
*
Boat and kid leathers
*
Sheep and lamb leathers
*
ShoesManufactured food products
Plit3
Wheat flour
P93
Meatpacking
pl21
Other manufactured foods
pl53
Processed * fruits & vegetables.pia
#
Tobacco products
#
Cigars
* *
Cigarettes
*
Other tobacco products
p—Preliminary.




•

,

- .

204
190
229
182
567
405
610
218

248

109
130
123

188
118
108
136
162
61
85
115
168
295
150
142
221
146

144

191
130

152
li+8

202
229
160
ia
245

168
130

115
135
: 84
54
135

May

v

pl08
*

124
99
307
p23i
p238
P157
*

pill
pl3i
p!26
Pi4i
Pl94
133
$

P i43

P193

P 228

pl63
149
246
*

*

121

*

115

$

132

141

pl20
130
161
151
154
109
205
69

May

1946

Apr,

1945

May

. .

159
142
175
148
363
225
249
164
132

P152

1945

Without
seasonal adjustment

91
62
132
126
v-153l4o
132

161
149
128
92
156
94

$
*

*
*

*

Pl35
p89

pl22
P138
P94
*
*

*
*

159
142
175
148

363
225
249
164

132
109
129
122
144

188
130

145
144

198
229
160
144
245

168
129
114
135
81
56
132
141
P 138

pll6
120
143
92
147

109
190
69

204
190
229
182
567
405

610

218
248
189
120

112
138
167
61
89
115
169
295
150
142
221
146

121
115

132
87

61
142
126
146
134
132
145
97
128
92
156
95

* Data not yet available.

INCUSTRIAL PRODUCTION
(1935-59 average • 100)

• Adjusted-for
seasonal variation
-—I9GF—
W
pr.

Without
seasonal adjustment
T5C5"

MMIUFACTOBES (Cont'd.)
Paper und products
paperboard'
Newsprint production
Printing and publishing
Momsprint consumption
Petroleum and coal products
petroleum refining
Gasoline
Fuel oil
lubricating oil
Kerosene
Coke
Byproduct
;
Beehive
Chemicals
Rayon
Industrial chemicals
Rubber

p%43
160
83
pl24
108

146
166
86
126
108

*

*

li+1
161
80
105
85
273

«**•

«»•»

pl 58

'

*

'

*

.

174

138.

*
-

1149

P155

* .
*

W

115

s .
pia
P256
P299
P395
P219

160

166

83
pl26
112
*

88
129
114
*

—

P138
Pl35
#
S •
.$ ..
*

121

*

168

116
20

161
b06

255
260

319

113

*

116
20
237
260
992
219

P4i

219

22k

pl07
10
121
pl44

143

P 123

47
152

pl25
pli+8

2L0
40?

*

m

p235
p259
P595
p6l9

592

146

pi43

142
161
81
106
88
273;
we.

149
174
145
122
168
161
406
318
240
407
224

MINERALS
Rigls
Bituminous coal
Anthracite
Crude petroleum
Metals
Iron ore

..

P125

p6o

P125
pl48
*

1U5

82

110

—

-

p60
*
-

#

•

P107
10
121
pi44
52
58

143
145
47

152
131
304

* Datanot yot available.

p—Fro 1 imin&ry or estimated*

FREIGHT CARLOADIBGS
(1935-39 average -s 100)
Coal
Coke
Grain
Livestock
Forest products
Ore
• Missel laneoua ; ^ • - < —
Merchandise, l.c#l.

68
62
126
114
125
66

1

"
- - - ..J.23...
—
74

'26

rl27

68

"26

61
193
93
111
167
99
120
127
105
130
143
137
50
20U
103
lilj-^' '* •*"•• • • 1 •...-125 . -l4l...
82
31
69
74

95
112 •
143
143
r66

'rl27
191
147
108
145
268
69-

. r—'Revised#
Motes-** To convert coal and miscellaneous indexes to points in total index, shown
in Federal Reserve Chart Book, multiply coal by •213 and miscellaneous by .5W*