Full text of G.12.3 Industrial Production : March 29, 1951

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RECD IN FILES StXTlUN
BOARD OF GTEF'tCR" OF THE FETEF^L PESERVE SY, TEM
,12.3

For r e l e a s e i n afternoon papers, Thursday, March #

9
,
T
March 29, 1951

// /

EIFIHEFS INDEXES
19>9 average - 100 f o r employment and p a y r o l l s ;
1923-25 average = 100 f o r c o n s t r u c t i o n c o n t r a c t s ;
1935-39 average » 100 f o r a l l other s e r i e s .
>

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
A l l other
Employment
Total nonagricultural
Total f a c t o r y
Factory p a y r o l l s , t o t a l

Adjusted f o r
seasonal v a r i a t i o n
1950
l9?l
Feb. | Jan. | Feb.

Without
seasonal adjustment
ivy
195
Feb. | Jan. ! !

p221

221

180

p2l6

216

17?

P232
p272
?199
P158

231
269
201
l6it

192
207
180
118

p223
p269
pl9ii
p l 53

227
265
196
159

183
20 b
176
113

P336
P326
P3hh

333
312
350

263
260
266

p291
p290
p292

272
259

229
232

P151.8

151.3
159.7

139.6
110.2

plli9.5
pl60.2
eii29.it

Iu9.l4
153.9
U23.3

137.6
139.9
330.0

P160.5

283

226

~

—

™

freight carloadings

129

1L6

101

119

133

96

department s t o r e s a l e s , value

325

362

280

261

277

225

*

339

279

#

303

267

Tapartment s t o r e s t o c k s , value
p—Preliminary."

e—Estimated.

# Data not y e t a v a i l a b l e .

Note: 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 mineralf
indexes t o p o i n t s i n t o t a l index, shown i n Federal Reserve Chart Book, multiply
durable fcy .379# nondurable by ,U69, and minerals by , 1 5 2 .
Construction c o n t r a c t indexes based on 3-month moving averages, centered
a t second month, of F. W. 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 Federal Reserve Chart Book, mu l t i p l y t o t a l by
SUlO,269,000, r e s i d e n t i a l by $18U,137,000 and a l l other by $22*6,132,000.
Factory employment index, without s e a s o n a l 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 .




2.

INDUSTRIAL PRODUCTION
(1935-39 average
100)
1

Adjusted f o r
seasonal v a r i a t i o n
1950
1951
Feb.
| Jan. | Feb.

Without
seasonal adjustment
1950
1951
Feb.
Feb. | Jan.

MANUFACTURES
Iron and s t e e l
Pig i r o n
Steel
Open hearth
Electric
Machinery
Transportation equipment
Automobiles f i n d , p a r t s )
Nonferrous metals and products
Smelting and r e f i n i n g
Fabricating
lumber and products
Lumber
Furniture
Stone, clay & g l a s s products
Cement
Clay 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 and products
Tanning
£ hoes
1
a-mfactured food products
v r*»at f l o u r
meatpacking
Other manufactured foods
Processed f r u i t s & v e g e t a b l e s
Tobacco products
Cigars
Cigarettes
Other tobacco products
p~Preliminary.




p251
#

280
206
806
P328
P309
p267
p23b

p223
P239
pl61i
pi50

pl90
p23k
*

pl8o

pl87
17L
391
*
*

it
»

P169
*

1L8

pl8l

pl70
179
107
2ii9
69

25 U
22k

238
212
827
321
288
217
23h

220
2ti.
171
162
189
235
238
187
193
163
392
153
115
107
120

201
175
238
181
639
236
210
182
190
202
l8ii
150
138
173
192
211
157
179
lUt

357
159
115

>;-

280
206
806

P328
P309
p267
p23h
p223

p239
pl5l

pl31
pl90
p219

pl71
pl87
17U
391
*

-K-

102

167
128
162
176
161
177

12b
161
112
151
169
136
162

21; 8
70

67

101

p25l

102
222

*

pl52

•t

l U?

p i 63
pio?
170
107

23b
67

25 k
22k
288
212

201

175

32.1
288
2kl
23k
220
Zkl

233
181
639
236
210
182
190
202
Idk

13k
189
223
193
l?It
193
163
392
153
115
108
120
15k
128
193
161
105
177
101
2kS
69

119
173
179
160
150
179
JLkU
357
159
118
109
12k
Ik'J
113
lUi
15/I
86
I5it
102
209
65

827

153

133

«• fiata not yet a v a i l a b l e .

INDUSTRIAL PRODUCTION
(1935-39 average - 100)

3.

Adjusted f o r
seasonal variation

1951

Feb. I Jan.

1950
Feb.

without
seasonal ad;i ustnen*.

1951

Feb. |

Jan.

1950
Feb.

MAMUFACTUFES (Cont'd)
Paper and products
paperbcara
Newsprint
Printing and publishing
Newsprint consumption
'etroleum and coal products
Gasoline
Fuel o i l
Coke
Byproduct
Beehive
Chemicals
Faints
Fayon
Industrial chemicals
Rubber products

p205
2b5
120
pl75
162
p27b
pl98
P236
#
#

pli87
p286
pl65
P383
p507
*

20k

2b7
117
170
159
277
202
238
186
176
513
287
162
387
505
22/6

178
205

98
168
169
205
17k
187
12k

p205
2b5
120
pi 7b
159
p27b
pl98
p236
*

127
21
217
lb7
355
b2b
195

pii87
p288
P163
P383
p507

113
b3

pl62
118
125

*

#

203
2b7
117
165
lb 3
277
202
238
136
176
513
263
159
387
505
21*6

179
205
98
166
166
205
i?b

187

12k

127
21
250
li*6
355
1+2 b
195

MINERALS
Fuels
Cos x
Bituminous coal
Anthracite
Crude petroleum
Metals
Iron ore

pl62
118
125
89

151
96

P132

130

pl8li

169

lbo

18b

38

65

155

118

89
pl3b
P 95
*

p—Preliminary,

169

lbO

151
96

181*
9k

97

118
b3
38
65
155
81
6b

* Data not y e t a v a i l a b l e .
FREIGHT CARLCODINGS
(1935-39 average = 100)

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

1lb
196
1314
55
lb 3
2bl
Ibl
b8

133
199
153
69
170
2b3
158
52

bb
122
113
65
120
156
130
52

lib
197
131
bb
137
60
133
b6

153
209
153
66
153
61
1L5
50

bo
130
111
52
115
39
122
51

Mote: To convert coal and miscellaneous indexes t o points in t o t a l index, shown
in Federal Reserve Chart Book, multiply coal by .213 and miscellaneous by .5b8.