Full text of G.12.3 Industrial Production : March 15, 1954

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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM

For immediate release, Monday# March 15# 195b
G.12.3

March 15, 195b

. BUSINESS INDEXES
19b7-b9 average = 100
Seasonally adjusted
1953
i?5ti
Dec. | Feb.
Feb. | Jan*
Industrial production
Total
Manufactures
Total
Durable
Nondurable
Minerals
Major consumer durables 1/
Total
Construction contracts,
value 2/
Total ~
Residential
All other
Employment and payrolls 3/
Nonagricultural emp.,total
Manufacturing prod.workers
Employment, total
Durable
Nondurable
Payrolls, total

Unadjusted
195b
1953
Feb.
Dec.
Feb. | Jan.

P123

125

126

13b

pl25

12b

12b

136

P125
P137
pll2
pllU

126
ibo
112
11h

127
11*2
112
112

136
155
118
116

pl26
pl39
pll3
pill

125
lbO
111
111

125
110
110
111

139
158
119
113

pl20

121

115 . lb8

pl21

120

109

150

n.a.
n.a.
n.a.

195
185
202

208
177
229

173
182
167

n.a.
n.a.
n»ae

161
15b
165

168
151
179

151
163
lb3

pllO.3

110.7

111.1

112b pl08.6

109.3

113.8

110.7

pl02.7
pllO.l
p 9b.0

lOb.l
112.1
9b.7

105.2
113.7
95.3

-

-

-

1112 pl02.5
1212 pllO.b
9%5 p 93.2
el36.9

103.7
112.3
93.6
138.9

106.0
lib.6
95.8
lbb.O

111.0
121.6
93.6
119.3

88

90

88

98

81

82

82

90

Department store sales, value ellO

108

112

112

e 87

83

192

88

Department store stocks,value n.a.

120

123

123

n.a.

108

109

119

Freight carloadings hj

1/
~
2(
3/
h/

Publication of detailed figures ordinarily shown has been discontinued pending
revision of this index#
Construction contract indexes based on 3-month moving averages, centered at
second month, of F. W. Dodge data for 37 Eastern States.
The unadjusted indexes of employment and payrolls are compiled by or based on
data of the Bureau of Labor Statistics.
Total index converted to a 19b7-b9 base for comparative purposes.

e—Estimated




p—Preliminary

W9#MT.

n«a.—Not available

#

e

2,

INDUSTRIAL PRODUCTION

(I9hl-h9 average - 100)

Unadjusted
Seasonally adjusted ,
1
1953
195b
1953
Wh
pFeb#
Jan* . Dec«r| Feb, pFeb. I Jan. I Dec. | Feb.
DURABLE MANUFACTURES!
Primary metals
107
Metal fabricating
. Hi5
Fabricated metal products
el21
Machinery
lLO
Transportation equipment
178
Instruments
;
llt9
Clay, glass, and lumber
el21
Furniture
103
Miscellaneous manufactures
133

1U2

183
1U9
112
106
130

110
155
126
lii9
17k
155
113
112
138

172
136
170
195
153
12lt
122
136

el03
108
121

96
103
120

92
98
121

117
125
121

I2i2
96

in
96

l&l
98

1U2

no
15U
12U
11*3
18U
1U9
120
105
132

113
156
126
1U6
182
15U
119
106
136

137
168
136
163
191
153
128
119
135

112
153
el21
lii6
.181
1U9
ell6
106
13U

95.
102
122

95
lOlt
122

108
118
123

139
lOlt

1U0
103

139
108

112
155
122

1U6

HONOUR/IDLE ,'IANUFACTUPESt •
Textiles and apparel
e 96
Rubber and leather products
102 •
Paper and printing
121
Chemicals and petroleum
products
139
Foods, beverages, and tobacco
97




98

I

3

•-

e
INDUSTRIAL PRODUCTION
(191*7-1*9 average • 100)
Without seasonal adjustment

1951*
pJan.
Primary metals
Ferrous metals
Fig iron
Steel
Castings and forgings
Nonferrous metals
Fabricated metal products
Structural metal parts
Stampings and misc. metal products
Nonelectrical machinery
Farm machinery
Industrial and commercial machinery
Machine tools and presses
Electrical machinery
Electrical apparatus and parts
Transportation equipment
Autos
Trucks
Aircraft and parts
Railroad cars
Instruments and related products
Stone, clay and glass products
Glass and pottery products
Lumber and products
Lumber
Furniture and fixtures
Miscellaneous manufactures
Textile mills
Cotton and synthetic fabrics
Cotton consumption
Synthetic fabrics
Wool textiles
Knit goods
Apparel and allied products
Men's outerwear
Women's outerwear
Misc. apparel, etc#

p—prelirainary




112
111
113
115
n.a.
116
122
130
127
133
76
138
182
172
169
183
135
107
183
1*9
1U9
; 122
lib
101*
98
106
,
130
91
97
100
90
e 56
103
102
n.a.
97

99

e — Estimated •

Dec.

1

110
111
117
lit
101
108
126
135 "
131
137
71*
112
. 186
172
176
17U
107
98
183
a
155 .
128
116
99
93
112
138
87
90
89
95
61
97
98
87
101
105

1953
Nov,
122
122
127
129
108
120
130
13k
130
135
73
ii*i
185
191
176
173
107
95
1*63
61
156
13U
122
111*
110
111*
11*5
96
102
101
105
6lt
108
100
101*
87
109

{

137
139
133
11*6
125
132
131*.
136
- 11*1
11*7
107
11*8
192
207
178
189
132
119
1*55
•

1952
Dec.

Jan.

l5

l

125
120
110
101
121
132
101*
106
106
111
79
119
113
110
115
111*

131
131*
132
lli3
117
122
131*
137
11*1
11*7
107
11*9
193
196
179
182
111*
113
1*52
...71
156
• 128
118
103
92
125
137
101*
107
103
115
82
111*
111
113
102
117

n«a«—-Not available

#

#
it.
INDUSTRIAL PRODUCTION

(I9k7-h9 average = 100)
Without seasonal adjustment

195U
pJan,
Rubber products
Tires and tubes
Leather and products
Shoes and slippers
Paper and allied products
Wood pulp
Paper and board
Paperboard
Printing and publishing
Newsprint consumption
Job printing and periodicals
Chemicals and allied products
Industrial chemicals
Petroleum and coal products
Petroleum refining
Gasoline
Fuel oil
Coke
Food and beverage manufactures
Food manufactures
Meats
Dairy products
Canned and frozen foods
Grain mill products
Bakery products
Beverages
Alcoholic beverages
Beer and ale
Tobacco manufactures

126
86
76
101*
95
82
79
79
el05

Coal
Crude oil and natural gas
Metal mining
Iron ore
Stone and earth minerals

7ii
135
e 72
n.a.
110

ell?

96

e 91
e 99
125

1U2

122
128
117
108
121
lii7
n.a.
127
136
liiU
132
97

95
99

Dec.
Ill
93
87
88
119
129
113
115
122
117
125
U6
117
128
137

lh6
129

102
99
102
125
81
86
101
97
81
80
76
92
71
133
75

ZiO

122

|

1953
Nov.
120
101
89
85
135
U7
127
137
126
131
123
150

lh9

131
137
lit?
130
107
111

I

Jan.
132
122
10L
110
125
1U
121
130
116
106
121
m
1L9
129
136

lLo

135
80
lOu
103
99
99
100
79
111

136
113
y3
102
1314
31
82
103
95
9h
82
8?
lOli

76
131
95
85
126

31
131$
80
ii3
110

lib

! 1952
' Dec.
i 123
• 11''
• 93
:
98

' 121
129

• 1-"S
l-'l
lit
1?3
. 1-3
11.;

. V*
' ly
IJ

i 13>
' 112
: 102

i
f

i

l/.L

7-

•:?
1^6
; if??

i
1

c6
93

i

:

1
i
I

i::..
::1

Note,—Groups and subgroups include individual series not published separately, and
metal fabricating contains the ordnance group in addition to the rroups
chown.
p—Preliminary




o—Estimated

n.a.—Mot available