Full text of G.12.3 Industrial Production : March 15, 1955

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BOARD OF OOVBREORS OP THE FEDERAL RESERVE SYSTEM

fv|,u j

;

For immediate release, Tuesday, March 15, 1955
G.12.3

March 15, 1955
BUSINESS IHDEXES

1947-49 average • 100

•mmm

Industrial production
Total
Manufactures
Total
Durable
Nondurable
Minerals
Consumer durable goods
Total
Major consumer durables
Autos
Household
Other consumer durables
Construction contracts, value
Total
Residential
All other
Employment and payrolls
Nonagricultural emp., total
Manufacturing prod, workers
Employment, total
Durable
Nondurable
Payrolls, total
Freight carloadings

Unadjusted
Seasonally adjusted
1954
19'>5
1955
1954
pFeb. [Jan. Dec. 1 Feb. pFeb. 1 Jan. Dec. I Feb.
133

131

130

125

135

131

128

126

134
147
121
121

133
145
120
US

131
143
119
116

126
139
114
133

137
151
122
118

133
146
119
116

129
143
115
114

128
l4l
115
110

135
151
172
135
96

129
144
160
132
96

125
137
149
129
96

113
120
134
110
96

151
175
210
14?
95

141
162
195
136
93

132
149
174
130
94

117
127
133
119
95

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

261
288
243

259
277
248

196
201
192

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

215
241
198

211
237
195

171
180
165

111.0 110.9 110.8 111.2 109.4 109.4 113.3 109.6
102.5 102.0 102.0 104.6 102.3 101.5 102.5 104.3
109.4 108.3 108.2 112.5 109.6 108.2 108.8 112.7
94.4 94.6 94.7 95.3 93.7 93.6 95.2 94.6
144.8 141.8 143.6 140.5
—
;
—
92

Department store sales, value ell2
Department store stocks,value n.a.

92

93

88

85

83

86

81

118
123

117
124

109
119

e 88
n.a.

91
111

200
110

86
114

Note: Construction contract indexes based on 3-month moving averages, centered at
second month, of F. W, Dodge data for 37 Eastern States. Employment and payrolls
indexes are compiled by the Bureau of Labor Statistics.
e--Estimated




p—Preliminary

n.a.—Not available

INDUSTRIAL PRODUCTION

(1947-49 average = 100)

Unadjusted
Seasonally adjusted
1954
1955
1954
1955
pFeb. 1 Jan. Dec,, 1 Feb.tsFeb. 1 Jan. Dec.. 1 Feb.
DURABLE MANUFACTURES!
Primary metals
Metal fabricating
Fabricated metal products
Machinery
Nonelectrical
Electrical
Transportation equipment
Instruments
Clay, glass and lumber prod.
Stone, clay and glass prod.
Lumber and products
Furniture and miscellaneous
Furniture and fixtures
Miscellaneous manufactures

130
158
124
148
126
192
198
140
124
132
116
121
109
129

121
15*
125
145
120
193
187
l4o
133
135
131
122
108
131

109
151
123
l4l
130
163
179
147
123
130
118
120
103
132

137
162
125
154
131
198
202
141
129
133
125
125
114
132

n.a. 105
n.a. 102
n.a. 109
126
123
n.a. 144
a.a. 105
130
129
n.a. pl40
122
122
151
149
155
136
132
106
106
n.a. 106
n.ee n.a.

104
100
107
115
332
100
127
136
121
148
155
129
106
106
101

98
91
106
102
110
94
123
129
119
l4l
146
126
105
106
98

n.a. 108
n.a. 103
n.a. 113
134
123
n.a. 145
n.a. 105
131
127
n.a. pl40
118
121
152
155
n.a. 158
136
133
98
97
98
n.a. n.a.

122
80
143
115

117
73
137
114

113
68
135
112

122
80
143
96

132
158
125
148
127
189
194
141
132
137
n.a.
123
110
131

127
156
125
145
123
188
192
140
132
136
128
122
109
131

117
156
124
146
123
191
191
142
125
134
116
125
112
134

113
155
123
147
134
172
183
147
120
126
116
122
107
133

98
97
99
109
127
94
125
129
123
149
156
129
99
101
83

105
95
115
108
114
102
124
133
11s
144
150
126
9f
96
96

117
75
137
98

113
68
135
Qk

NONDURABLE MANUFACTURES:
Textiles and apparel
Textile mill products
Apparel and allied products
Rubber and leather products
Rubber products
Leather and products
Paper and printing
Paper and allied products
Printing and -publishing
Chemicals and petroleum prod.
Chemicals and allied prod.
Petroleum and coal products
Food, beverages and tobacco
Food and beverage mfirs.
Tobacco manufactures
MINERALS:
Mineral fuels
Coal
Crude oil and natural gas
Metal, stone and earth mln.
p—Preliminary



119
74
140
116

120
77
140
95

n.a.--Not available

3.
INDUSTRIAL PRODUCTION

(1947-49 average = 100)

1955
Jan.
Primary metals
Ferrous metalsFig iron
Steel
Carbon steel
Alloy steel
Castings and forgings
Wonferrous 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
Stone, clay and glass products
Glass and pottery products
Cement
Lumber and products
Lumber
Killwork and plywood
Textile mill products
Cotton and synthetic fabrics
Cotton consumption
Synthetic fabrics
Wool textiles
Knit goods
Apparel and allied products
Men1s outerwear
Women's outerwear
Misc. apparel, etc.

Without seasonal adjustment

1954
Dec. 1 Kov. 11 Jan.

1953
Dec.

12k
117
130
12$
155
113
lit?

115
113
121
118
145
101
123

114
110
122
119
138
98
129

Ill
113
115
115
115
103
118

110
11?
114
116
105
101
108

127
123

130
121*

129
122

129
127

135
131

85
124
149

80
125
149

75
122
146

76
138
181

74
142
186

m

165

162

169

176

195
98
478
20

174
94
478
20

144
93
471
12

135
103
483
49

107
98
483
LI

125
n.a.

120
131

124
145

115
104

116
119

101
n.a»

100
186

107
191

98
140

93
124

112
105
134
69
10b

103
95
128
70
103

110
104
126
69
no

97
100
89
58
103

90
69
95
61
97

116
120
103

96
93
106

108
102
110

111
113
98

87
98
105

n.a.—Not available




' - =•-: V- r'. v • ;

INDUSTRIAL PRODUCTION

(1947-49 average • 100)

1955
J&n.
Rubber products
Tires and tubes
Leather and products
Leather
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
Synthetic fibers
Paints
Petroleum and coal products
Petroleum refining
Gasoline
Fuel oil
Coke
Food and beverage manufactures
Food manufactures
Meat products
Dairy products
Canned and frozen foods
Grain mill products
Bakery products
Beverages
Alcoholic beverages
Beer and ale
Coal
Bituminous coal
Crude oil and natural gas
Crude oil
Metal mining
Iron ore
Stone and earth minerals

Without seasonal adjustment
1954
1953
Dec. 1 Nov. 1
| Jan. Dec.
116

110

96

93

n.a.

88

88

87

81

n.a.
lie & •
a. a*

lk2
120
122

160
131
137

lk2 1 129
122 1 113
128 1 115

114
121

123
12k

130
122

1 0 8 i 117
121 j 125

169
179
116

166
173
118

165
17k
117

Iks ! lk7
1 3 3 j! 136
ilk ! 1 1 6

1U3
lii6
1U8
n. a.

lkO
11*6
lkO
93

136
lk3
135
90

13k
IkO
131
97

101
138
85
75
103
9k
n.a.
n.a.
n.a.

10k
136
79
87
101
98
88
8k
83

113
135
78
99
103
98
97
99
79

101
126
86
76
106
95
82
78
79

81

77

78

75

7k

128
76
n.a.
11U

123
75
37
122

122
79
k3 '
126

120
7k
39
108

120
7k
ko
122

130

, |
*

!

!

|
i
|
i
1
i
1
I
1
i
!
51
1
!
;
1
•
1

137
lk6
129
102
102
125
81
86
101
97
8k
80
76

Note.—Groups and subgroups Include individual series not published separately,
n.a.—Not available*




O U T p AOF CONSUMER DURABLE GOODS
(1947-49 average « 100)
Seasonally adjusted
Unadjusted
1954
1954
1955
19J55
Jan. Dec. 1 Hov. 1 Jan. Jan. Dec. I|Nov. |Jan.
MAJOR

HOUSEHOLD GOODS:

Furniture and floor coverings
Furniture
Floor coverings
Appliances and heaters
Major appliances
Ranges
Refrigeration appliances
Laundry appliances
Heating apparatus
Radio and television sets
Radio sets
Television sets

106
no
95
127
130
n.a.
133
n.a.
n.a.
222
73
507

105
110
91
115
119
82
117
181
100
242
70
571

103
111
83
114
120
77
122
174
95
259
70
620

99
103
87
103
107
70
111
145
90
150
58
326

107
110
97
122
132
81
142
177
93
260
73
618

109
115
92
108
116
77
112
177
84
258
67
623

108
115
86
116
118
83
106
192
107
324
71
806

99
103
89
98
106
71
114
135
73
173
58
391

94
97

94
97

93
101

88
101

90
95

89
98

93
105

84
99

OTHER CONSUMER D U R A B L E G O O D S :

Auto parts and tires
Misc. home and personal goods

OUTPUT OF MAJOR HOUSEHOLD GOODS
(1947-49 average • 100)

Woven carpets
GEO ranges
Electric ranges
Refrigerators
Freezers
Washing machines
Driers and ironers
Vacuum cleaners
Furnaces
Water heaters
Auto radios
Household radios
Table model TV
Console model TV

1955
Jan.

Without seasonal adjustment
1954
Dec. 1 Nov. 1 Jan •

79
71
98
108
120
141
4g4
93
90
101
204
37
568
663

71
63
102
81
119
154
383
73
79
98
153
43
6o4
640

62
78
92
78
114
155
517
84
107
110
143
51
759
849

76
74
66
82
83
112
343
82
64
99
140
35
378
4o4

1953
Bee.
(.

iO
82
88
112
100
323
65
65
75
104
44
270
4l6

Bote.—For description and back figures see Federal Reserve Bulletin for May 195^
pp. 438-452, reprint available on request. Back figures, not in Bulletin,
on individual indexes for major household goods, without seasonal adjustment, also available on request to Division of Research and Statistics.

n.a.—Hot available.