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BOARD OF GOVERNORS OF THE FEDERAL RESEliVE SYSTEM

-y^

For immediate release, Monday, May 16, 1955
May 16, 1955

G.12.3
BUSINESS INDEXES
1947-49 average = 100

Unadjusted
Seasonally adjusted
1955
1954
1955
Feb.
pApr.
Apr, pApr. |1 Mar.
Mar. 1 Feb.
Industrial production
Total
Manufactures
Total
Durable
nondurable
Minerals
Consumer durable goods
Tct&l
Major consumer durables
|
Autos
Household
Other consumer durables
Construction contracts, value
Total
Residential
All other
Employment and payrolls
Ifonagricultural emp», total
1 Manufacturing prod, workers
Employment, total
Durable
nondurable
Payrolls, total
Freight carloadings

1??4
Apr.

136

135

133

123

137

137

135

124

137
151
124
121

136
148
123
128

134
147
121
123

125
134
115
109

139
156
122
121

140
154
125
119

136
151
122
120

125
137
114
109

143
162
190
140
100

139
156
179
137
99

135
151
172
135
98

116
126
139
115
93

154
179
223
143
97

155
179
215
151
99

151
174
210
146
97

119
131
151
116
92

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

260
291
239

261
297
238

196
213
184

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

264
307
235

228
266
204

225
251
208

111.7

111.5

110.7 110.3

111.1

110.2

109.2

109.9

104.5
111.6
96.2

103.6
110.3
95.7

102.5 102.4
108.9.108.6
94.9 95.0

103.6
111.8
93,9
146.3

103.4
110.6
94.9
147.0

102.3
109.1
94.2
144.4

101.4
108.5
92.7
134.:

—

- -

93

93

Department store sales, value ell9
113
Department store stocks, value n.a. P123

92 '

—

84

112 . H I
121 . 120

87

85

81

100
ell5
n.a. pl27

88
117

110
127

90

Kote: 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.
•--Estimated




p—Preliminary

n.a.—Not available

INDUSTRIAL PRODUCTION
(1947-49 average « 100)
Seasonally ad-tusted
1955
»A®r. 1 Mar. TrSb7
!

i

DURABLE MANUFACTURES:
Primary metals
Metal fabricating
Fabricated metal products
Machinery
Nonelectrical
Electrical
Transportation equipment
Instruments
Clay, glass and lumber prod.
Str-r.e, clay and glass prod.
Lumber and products
Furniture and miscellaneous
F'xrniture and fixtures
Miscellaneous manufactures

-

Unadjusted
1
1
1955
1W
oAor. 1 Mar. 1 Feb. 1 Aj>r.

139
160
131
149
130
186
199
144
136
143
n.a.
126
113
135

135
158
126
146
126
185
196
144
134
141
127
126
111
136

131
157
126
146
125
187
193
142
133
138
127
123
109
133

103
147
119
138
125
163
174
139
121
128
114
117
103
127

145
166
132
152
133
189
215
146
138
143
n.a.
124
111
134

142
165
130
154
132
196
210
145
133
138
127
127
114
137

136
162
126
152
129
106
205
142
130
134
125
125
113
134

107
150
120
141
128
166
181
140
124
128
119
115
101
125

109
n.a.
n.a.
124
21# A#
133
n.a.
123
154
n.a.
132
108
n.a.
n.a.

10?
104
115
122
140
106
132
n.a.
124
153
160
133
108
108
n,a.

105
103
106
120
138
104
130
143
122
151
157
134
106
106
106

101
94
109
103
113
94
125
133
120
140
146
124
106
107
103

109
Qfftt
n.a.
125
n.a.
n.a.
135
n.a.
126
154
n.a.
128
100
n.a.
n.a.

115
109
123
128
146
113
136
n.a.
126
156
165
132
100
99
n.a.

111
108
116
127
144
112
131
148
121
154
161
134
97
97
104

100
94
108
104
115
94
126
136
122
140
147
120
98
98
99

122
73
145
119

122
72
146
123

124
79
145
118

111
58
137
99

122
72
145
119

122
71
146
104

124
79
145
99

111
58
137
99

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 afire.
Tobacco manufactures

Ilea.

MINERALS:
Mineral fuels
Coal
Crude oil and natural gas
Metal, stone and earth mln.
p—Preliminary



11.a.—Rot available

3.
INDUSTRIAL PRODUCTION
(1947-49 average » 100)
Without seasonal adjustment
1954
1955
Mar. | Feb.
Jan.
Mar. 1 Feb.
Primary metals
Ferrous metals
Pig iron
Steel
Carbon steel
Alloy 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
Stone, clay and glass products
Glass and pottery products
Cement
Lumber and products
Lumber
Millwork and plywood
Textile mill products
Cotton and synthetic fabrics
Cotton consumption
Synthetic fabrics
Wool textiles
Knit goods
Apparel and allied products
Men's outerwear
Women1 e outerwear
Misc. apparel, etc#
n.a.--Hot available




138
131
146
143
165
124
154

132
122
138
134
165
121
148

124
117
130
125
155
113
146

104
100
106
105
114
101
119

Ill
108
114
113
119
106
120

131
129

129
125

127
124

125
121

127
124

94
129
152

90
125
149

85
124
148

84
134
177

80
136
181

170

167

165

164

167

215
104
477
26

210
87
477
25

195
98
479
20

142
101
485
44

138
103
489
42

129
n.a.

129
115

126
119

121
118

120
110

109
216

108
207

101
195

109
164

109
160

118
105
14?
74
110

116
106
138
72
112

114
105
132
70
105

101
100
100
61
105

101
101
98
58
109

113
143
112

113
125
109

115
120
103

102
138
107

117
126
104

INDUSTRIAL PRODUCTION
(1947-49 average = 100)

Mar.
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
..
1955
Feb.
Mar.
1 Feb. 1 Jan.

133

134

130

108

112

n.a.

98

94

89

95

h.a.
n»a.
n.a.

166
139
145

158
132
136

148
127
131

145
127
130

132
123

121
121

114
120

120
121

114
120

182
192
119

176
177
116

169
171
116

150
142
115

150
135
115

139
143
145
102

144
147
152
98

142
146
146
96

129
135
127
86

136
141
135
90

100
128
104
76
101
94

n.a.
n.a.

99
124
91
72
102
95
89
86
84

102
138
85
77
103
94
84
80
85

98
115
104
71
101
96
99
98
102

98
111
97
72
104
97
89
66
66

76

82

81

63

69

n.a.

•

131
86
n.a.
123

131
85
39
113

130
79
36
115

125
73
39
114

122
76
42
113

Note.--Groups and subgroups include Individual series not published separately.
n.a.—Hot available.




5.
®

[H|

O U T P m r o CONSUMER DURABLE GOODS
(1947-49 average = ICO)

Unadjusted
1955
Iter. 1 Feb. 1 Jan.

107
113

107
110

99
103

113
116

137
139
97
152
172
n.a.
222
71
512

131
135
96
140
181
120
226
68
527

128
133
79
137
190
115
225
73
515

104
108
82
117
129
91
151
43
356

96
102

97
99

100
97

88
100

Seasonally adjusted
1955
Mar. 1 Feb. 1 Jan. Mar.

109
114

1954
Mar.

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

'/«•>•

111
115

108
110
--

--

151
163
110
180
201
n.a.
260
80
604

138
149
104
152
207
102
272
74
648

124
134
81
147
177
93
260
73
618

117
12)

93
104

93
100

95
95

8?
102

--

102
105

91

IM:
151
79
152
435

OTHER CONSUMER DURABLE GOODS:
Auto parts and tires
Misc. home and personal goods

1/ Publication suspended pending revision of data back to 1952.
OUTPUT OF MAJOR HOUSEHOLD GOODS
(19^7-49 average * 100)

Mir.
Woven carpets
Gas 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

86
92
139
120
167
169
485
121
104
n.a.
220
42

678

537

Without seasonal adjustment
1954
1955
Mar.
1 Feb.
1 Feb.
1 Jan.
83
91
125
109
150
173
507
102
89
137
212
36
673
625

84
71
98
108
149
141
494
93
84
119
204
37
568
663

83
77
120
93
120
139
256
94
70
105
105
34
482
392

85
71
124
98
120
144
292
77
62
114
118
32
385
408

Note.—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.—Not available.