Full text of G.12.3 Industrial Production : May 24, 1946
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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYITEM
WAY 2 8 1946
Fbr r e l e a s e i n a f t e r n o o n papers, Monday, May 27,
May
G.12.3
:
2b, 1946
BUSINESS INDEXES
3
1939 average s 100 f o r f a c t o r y 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 o t h e r s e r i e s .
Without
seasonal ad jus tment
i w
"BarT
H E
J2L
Adjusted f o r
seasonal v a r i a t i o n
W
Apr#
igr
=!
Industrial production
Total
Ifenufactures
fatal
Durable
nondurable
Minerals
Construction oontrcots,
\
{
\
;
j
5
\
Rvalue
Residential
A l l other
Factory employment
Total
Durable goods
Nondurable (goods
Ffaetory payrolls
Total
Durable goods
Nondurable poods
r
total
Freight oorlocdings
\
i
;
;
•
:
pl&4
168
230
pl6l
164
229
pl?4
173
166
140
P173
pl87
pl6l
P99
170
181
s a
Pi03
247
336
174
245
335
171
lliO
e
#
147
129
70
18
112
*
*
•
•
182
137
161
P13U.8 130.1
pliiB.O 138,2
pl24.4 123.7
\
Department store stocks,! value
131
79
21
125
163.8' *134.1
129.7
121.3
138.1
123.1
163.0
217.5
232.5
235.7
229.3
333-3
451.6
217.5
217.6
P1U7.9
P123.2
*
i
i
162
135
158
*
Department store s a l e s , value
p—preliminary,
EE
*
120.1
110
139
i4i
107
132
139
P251
263
182
P255
238
174
177
166
*
171
165
*
r—Ru v i s e d .
» Data n o t y e t a v a i l a b l e .
Not e 1—Production, car loadings, and dopr.rtiacnt 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 minerals
indexes t o p o i n t s i n t ^ t a l index, shown i n Federal Reserve Chart Book, m u l t i p l y
durable by .379# nondurable by .469, and minerals by .152.
Construction c o n t r a c t indexes basod on 3-month moving averages, centered a t
second month, of F. W,iDodge d a t e f o r 37 Eastern S t a t e s . To convert indexes to
value f i g u r e s , shown 1* Federal Reserve Chart Book, m u l t i p l y t o t a l by
*410,269,000, r e s i d e n t i a l by $184,137,000 and a l l other by 1226,132,000.
Bmploymant i n d e x , without seasonal 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 .
INDUSTRIAL PRODUCTION
(1955*59 average * 100)
Ad j u s t v d tor
seasonal v a r i a t i o n
1 %5
19*
Apr,
Apr. J Mnr.
m m R05WRES
Iron and s t o o l
P199
Pig i r o n
Steel
175
Open huarth
&9
Electric
566
Machinery
p21?
Transportation equipment
p234
Automobiles
Honfcrrous metals and products
pi55
Smelting and r e f i n i n g
lumber a n ! products
p!26
Lumber
pU7
FUrnituro
pi44
Stone, c l a y , and glass products
Pl9l
P l a t e glass
130
*
Cement
Clay products
P150
Gypsum and p l a s t e r products
p203
Abrasive and asbestos products p209
T e x t i l e s tmd products
pl62
Cotton consumption
m
Rayon d e l i v e r i e s
246
Wool t e x t i l e s
Leather products
*
Tanning
*
C a t t l e hido l u a t h o r s
Calf wnd k i p lo&tkwr#
*
Goat ond kid l e a t h e r s
..
Sheep and lamb l e a t h e r s
Shoos
Somft;ctured food products
iihuat f l o u r
pl51
Meatpacking
P130
Other maaufuetured foods
,pl59
Processed f r u i t s k ve go tables pi45
ToMdfco products
•- - •
Cigars
Cigarettes
Other tobacco products
169
168
176
161
286
206
206
110
li+1
123
125
117
11*2
191
136
152
150
204
20?
162
147
2ki ;
173
.133
i? 119
139
04
61
149
S
p i l e
.
*
' *
*
*
*
p—Prolininsry.
*
•
p i 5 0
1 5 6
137
1 4 0
1 6 6
153
-
- 1 6 1
n
o
217.
65
•
206
188
232
184
573
419
651
231
263
194
119
109
140
167
62
85
122
180
300
149
143
218
142
122
118
134
95
61
146
125
160
138
13U
168
170
120
91
143
90
Viithout
•sotssonal adjustment
VM>
19U5
Apr.
Apr. | Mar.
pl 59
*
175
149
366
P219
P234
pl48
pi33
..Hi.
P125
Pll6
pi44
pl88
130
* .
pl46
p201
p209
pl62
144
246
*
*
*
$
*
*
*
*
£06
188
232
184
573
169
168
176
161
286
206
206
110
141
123
120
108
142
183
136
125
143
197
207
162
147
241
173
155
PH9
139
82
61
11*5
ki9
*
p i 36 . 1 3 9
pi26
134
pl20
129
pl42
147
84
p89
152
110
202
65
,
651
231
263
194
119
108
140
165
62
81
119
177
300
149
143
218
142
122
117
134
91
63
143
125
145
133
125
148
104
115
91
133
90
* Data riot y e t a v a i l a b l e .
INDUSTRIAL PRODUCTION
(1935"39 average s 100)
•.
-'
-
-
•'
.
'
.
• •;
tiithout
seasonal adjustment
1946
l%5
Apr.
« P r . J Mar,
vdjttsjwd f o r
.A a eagQnal,„gBrlation
.
19MP „
1945.
Apr. I «br«
Apr.
%mFACRJRE8 (Cont'd.)
Papor t nd products
Paporboard
Newsprint production
P r i n t i n g and p u b l i s h i n g
Newsprint consumption
Petrolciuir, and coal products
Petroleum r e f i n i n g
G&solino
FXiel o i l
lubricating oil
Kerosene
Coke
_ Byproduct
Beehive
Chemicals
Rayon
Indus tric.1 chemieals
Rubber
pl47
166
86
pl26
108
•
*
—
Pl35
V
*
*
*
,P21
P236
p257
p397
P223
146
165
86
127
110
168
liiO
158
80
105
85
268
li+6
165
86
129
111*
168
pl47
166
88
P129
Ilk
—
130
172
141
183
151
145
337
234
256
389
220
:
« •
145
168
125
pl38
pUe
28
145
138
131
150
109
216
*
*
»
•
p21
p238
p257
P397
P223
233
• -
145
167
141
123
161
157
294
320
2ia
. 405
233
*
U05
W
130
172
139
187
151
145
337
236
256
389
220
pl35
145
167
136
120
161
157
28h
318
2Ll
lkl
158
82
108
90
268
'
MBER/JLS
FXiels
Bituminous c o a l
Anthracite
Crudo petroleum
Metals
Iron ore
pl07
145
pio
168
pl20 • 125
pl38
pi44
p93
*
pl07
pio
pl20
pi44
145
138
131
150
111
*
" *
p—Preliminary or ustkiztod.
* Dc.ta not yut e.vcilo.blo
FREIGHT CV-RLO-.DIIIGS
(1935-39 tivori-go • 100)
Coal
Coke
Grain
Livestock
Forest p r o d u c t s
Ore
Mis ct 11-noouu
Morch ndise, l . c . l #
26
95
112
143
143.
91
143
81
'
155
• 165
141
i4o
134 . „
121
143
78
126
180
160
124
153
2C4
153
71
.
26
93
99
127
143
50
141
82
•155
166
130
ill
134
•
1'6
79
126
176
141
111
133
."203
151
71
K:to:—To convert coc.l rjid miscellaneous indexes t o points in t o t a l ir.dex, shewn
in f e d e r a l Roservo Chart Bock, multiply ccul toy .213 and miscellaneous by .548.
@FedFRASER