Full text of G.12.3 Industrial Production : June 27, 1947

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JUN 30:947
BGIKD OF GOVERNORS OF IH.i: FEDERAL RESERVE SYS'J
For rcieise in -norr.ir.^ papers, ;-r iday, June 27, 194?
June 27, 191+7

G.12.3

BUSINESS INDiOBS
1939 average = 100 for factory employment and payrolls;
1923-25 average » 100 for construction contracta;
1935-39 average = 100 for all other series.
Wi thout
seasonal adjustment
I iy46
1947
May [ April • May

Adjusted for
seasonal variation
1947
i 1946
May j April | May
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
Freight carloadings
Department store sales, value
Department store stocks., value

plb6

166

159

pl92
p220
P170
P152

194
222
172
142

167
175
161
115

#

133
123
142

169
179
161

153.6
161.2
132.2

140.7
159.2
126.2

*
*

P152.2
P17S- • 3
1, P130.9

[

pl66

184

159

P192
p220
plo9
plp4

193
221
169
139

167
175
loO •
115

152
144
159

203
211
196

pl51.0
P179.1
pl28-9

152.9
180.7
130.9

139.6
159.0
124-3

310.4
350.2
271.5

253.5
275.1
232.3

*
*
*

-

-

——

*

-

-

-

#

-

-

-

*

142

rl37

106

144

134

107

p290

r275

258

p279

268

249

26)

200

*

20i

200

*

p--Preliminary.
r—Revised.
* Data net yet available.
Note:--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 .469, and minerala 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 value figures, shown in Federal Reserve Chart Book, multiply total by
$410,269,000, residential by $184,137,000 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
seasonal variation
1^6
1947
May
May i April
MANUFACTURES
Iron and steel
Pig Iron
Steel
Open hearth
Electric
Machinery
Transportation equipment
Automobiles 1/
Honferrous metale and products
Smelting and refining
Lumber and products
Lumber
Furniture
Stone, clay, and glass products
Plate glass
Cement
Clay products
Gypsum and plaster products
Abrasive & asbestos products
Textiles and products
Cotton consumption
Rayon deliveries
Wool textiles
Leather products
Tanning
Cattle hide leathers
Calf and kip leathers
Goat and kid leathers
Sheep and lamb leathers
Shots
Manufactured food products
Wheat flour ;
Meatpacking
Other manufactured foods
Processed fruits & vegetables
p--Preliminary.

P197
#

215
179
it 76
P273
P233
pl66
pl93
p200
pl4l
pl 32
P159
p20p
163
*

pl6l
p204
p240
pl62
148
273
*
*
*
*

*
*
*
#

pi5U
pl50
pl^9
pl5o
P135

195
189
213
178

m

275
237
193
197
203
144
135
161
211
151
175
165
218
249
lb6
154
270
160
115
119
136
104 '
79

96

113
158
P156

150

161
144

109
86
126
98
319
230
239
162
126
105
129
123
142
175
133
127
140
187
222
165
149
251
174
127
104
124
75
49
118
142
145
100
120
156
158

Without
seasonal adjustment
194?
j 1946
May i April 1 May
Pl97
*

215
179
476
: p273
P233
pl86
pl93
p201
pl44
P136
Pl59
p211
163
*

pl60
p20?
p240
pl62
148
273
*

*
*

*
*
#
#
*
P 147
pl44
P149
pl4l
P 88

109
195
86
169
126
213
178
98
468
319
230
275
237
239
162
193
128
197
203
105
143
131
126
134
142
l6l
208
180
151 .
133
>166 "
134
140
160
215
190
222
249
166
I05
154
149
r,o
251'
160
1/4
]15
12?
lie
105
1,6
. 124
100
72
82
48
94
127
142
113
144
137
pl50
96
120
159
140
143
88
103

Data not y&t available.

1/ This series is currently based upon man-hour statistics for plants classified
in the automobile and automobile parts industries and is designed to measure
productive activity during vho month in connection with assembly of passeri^r
care, trucks, trailers, and busses; production of bodies, parte, and accessories, including replacement parts; and output of nonautomotlve products made
in the plants covered.




INDUSTRIAL PRODUCTION
(1935-39 avara^u = IOO)

3-

Adjuavud for
j
seasonal variation
!
1947
j ly46 i
May j April I M&y

Vithoul
seasonal adjustment
1947
i 1946
M a y
i
April j Max

MANUFACTURES (cont'd.)
P a p e r

a n d

P

r

i

n

t

i

n

#

p r o d u c t a

P^p< rboard
NvWoprlnt p
g

a

n

d

r
p

u

b

o
l

i

s

d
h

i

n

u

c

t

184
o 92
n
pl4l
12$

i

g

Newsprint consumption
P e t r o l e u m

a n d

c o a l

*

p r o d u c t s

pl42

G ' » j o 1 I n a

Cox:<,

#

*

Byproduct
Beehive
Chemicals
Rryon
Industrial chemicala
B

u

b

b

u

r

p

r

o

d

u

c

t

p428
p2$l
: p2y;
i p4j0
p224

s

*

156
178
93
141
124
161
139
166
162
322
251
291
4j2
234

142
160
83
124
108
163
136
73
75
16
2"1
2~1

144

124 ji Pl5c
cC |
i plbt
- ** i! plOt
jAy |
! P157
-J ii
*

164
,
93
pl44
129
*

pl42
*

*

p42b
i

p2&6
p430
p224

3<-3

-15

156
176
95
144
131
lt:l
139
loo
162
322
251
291
*32
' 234

1*2
160

63
126

112
163
136
7 3
5

16
231
261
383
2 1 5

MINEEIALS
Fuols
Bituminous co&l
Anthracite
Crude petroleum

pl56
1 plb6
j; piou
|I ?157
j-

M u t a l a

Iron ore

*

12/

102
1 5 5

134

ji
j

p—Preliminary or estiaatod.

*

j

;

*•

144
127
102
155
111
173

124
60
125
1 4 y

62
116

ii

i

* Date net yet available.

FREIGHT CAHLOADISGS
(1935-39 average = 100)
Coal
Coke
Grain
Livestock
Forest products
Ore
Miscellaneous
Merchandice, l.c.l.

j1 155
|
i
1 8 5
; 138
j! 104
; 148
184
145
76

119
173
151
111
148
184
147
79

66
62
12b
rll5
125
66
123
r 73

|
1
j1
jj

155
I03
121
94
1 5 4

267
146
7o

1JV
lo*
133
98
146
157
145
60

66
61
111
103
130
103
,125
r 73

Note:--To convert coal and miscellaneousind^xc-s to points In touul index, shown
in Federal BeSfcrve Chart Book, multiply coal by .213 and miscellaneous by .548.