Full text of G.12.3 Industrial Production : May 27, 1947

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(0
BOARD OP GOVERNORS OP THE FEDERAL RESERVE SY^Ek

v

;

For release in morning papers, Wednesday, fcay 2<f.. 194?
Kay 27, 1947

G.12.3
BUSINESS INDEXES

1939 average * 100 for factory employment and payrolls;
1923-25 average • 100 for construction contracts;
1935*39 average » 100 for all other series.
Adjusted for
seasonal variation
—
w
w
Apr.
Mar.
Apr.
Industrial production
Total
Manufactures
total
Durable
Nondurable
Minerals
Construction contracts, value
Total
Residential
All other
Factory employment
Total
Mirable goods
Nondurable goods
Factory payrolls
Total
Durable goods
Nondurable goods
Freight carloadings

Without
seasonal adjustment
w
" W
Apr.
Mar.
Apr

,Fl87

190

165

P 185

187

163

P195
p222
P173
pl4l

198
225
176
148

176
190
164
104

P193
p221
P170
pl38

194
223
171
143

174
190
l6l
99

*

132
129
134

170
172
168

*

133
135
132

194
201
188

154.7
181.6
133.4

139.4
156.2
126.1

P152.5
pl80.2
pl30.6

154.0
181.0
132.8

138.5
155.9
124.8

313.9

254.8
275.7
234.4

*
*

P153.4
pi80.6
P132.0

*

«**»

*

—

- •

*

—

—

*

«*•*

mum

136

146

109

Department store sales, value
t.

*

277

252

Department store stocks, value

»

274

189

350.3
278.4
137

fioj

*

265

255

*

265

188

134

p—-^Preliminary.
* Data not yet available.
Note*—Production, carloadings, and department store sales indexes based on daily
averages. To convert durable manufactures, nondurable manufactures, end
minerals indexes to points in total index, shown in Federal Reserve Chart Book,
multiply durable by »379» nondurable by .469, and minerals by .152.
Construction contract indexes based on 3-month moving averages, centered
at second month, of F. W. Dodge data for 37 Eastern States. To convert indexes
to voluo figures, shown in Federal Reserve Chart Book,nultiply total by
#10,269,000, residential by $184,137,000 find all other by $226,1)2,000.
Employment index, without eoasonal adjustment, and payrolls Index comptiod
by Buruuu of Labor Statistics.




2.

INDUSTRIAL PRODUCTION
(1955*39 average s 100)
Adjusted f^r
^
seasonal variation
1946
Apr.
. ipr. . |. Mar.
*

Mi-iiU FAC TURSS
Iron and steel
Pig iron
Steel
Open hearth
Electric
Machinery
Transportation equipment
Automobiles if
Honferrous metals and products
Smelting and refining
lumber and products
lumber
Furniture
Stone, clay and glass products
Plate glass
Cement
Clay products
Gypsum and plaster products
Abrasive k asbestos products
Textiles and products
Cotton consumption
|
Rayon deliveries
*
Wool textiles
leather products
Taming
Cattle hide leathers
Calf cafid kip leathers
Goat and kid leathers
Sheep and lamb leathers
Shoos ,, ...... ..
Manufactured food products
Wheat flair
keatpacking
Other mcaufictured foods
Processed fruits & vegetables
p—Pr^liLilnory.

'

'

Pl96
'

*

213
178
1*68
p2?6
p237
pl94

m

pl98
pl4l
p!31
pl62
p2l6
151
*

pl64
p220
p251
pl65
154
p268
*
.

..

#

*
$
$

•
*

*

P155
Pl56
pl49
P157
pW7

-

Without
seasonal adjustment
1946
1947
r.pr.
Apr. | Mar.

*

196
194
213
179

h57
281
237
196
196
192
147
138
166
218
159
192
165
226
258
172
160
270
172
122
121

lho
b7

83
102
.. 122
157
160
149
160
150

.

,
:

.

159
142
175
148
363
225
245
l6l
132
108
130
123
144
190
130
152
148
202
221
161
144
249
169
131
.115
135
84
54
134
142
153
120
130
164
165

196
194
213
213
178
179
468
457
281
P276
237
p237
196
pl94
*
196
192
pl97
pl4o
140
126
pl29
pl62
166
p212
209
151
159
*
157
158
pl59
218
p2l6
258
P251
pi65
172
160
154
p268
270
*
172
*
121
.* .
121
*
140
.»
95
*
83
* •
99
*
122
140
pi42
pi 50
157
pi 38
138
pi4o
142
83
P 90
P196
*

159
142
175
148
363
225
245
161
132
108
129
122
144
187
130
145
144
198
221
L6L
144
249
169
131
114
135
81
56
131
•142
139
116
120
ii*5
101

* D^ta not yet available.

1^ This series Is currently based Jipon m m - h o u r statistics for plants classified
in the automobile m d automobile parts industries end is designed to measures
productive activity during the month in connection with assembly of passenger
cars, trucks, trailers, end busses; production of bodies, parts, and accessories, including replacement parts; md output of nonautomotive products made
in the plants covered.




1

INDUS T R W , PRODtivTlUN
(1935*b3V wera^e * 100)

2*

• * Adjusted tor

seMtmal vr^ricvtion
• w ~ — r w
Apr. | Mar#
JL-JMOPiXTURES (Cont'd.)
Paper and products
Paper board
Newsprint production
Printing and publishing
Mowsprint consumption
Petroleum & c o d products
Gasoline
Coke
,
Byproduct
Bochive
Chemicals
Rt.yon
Industrial chemicals
Rubber products

159

178

180

93
pl42
124
. *
pl48
*

85
lii2

*

146

166
86
136

124

108

li»2
172
165

133
113
116
18
235
260
392
219

186

PUO?
P252
p291
P435
P 235

ha3

pli*5
pl27
plOl
pl54
*

153
163
113
153
118

252

289
432
239

166

Without
seasonal ad jus tment
1 M
—
9 T
i*gr» I Urar.

'

*

178
95
pl46
131
*
pl48
*
*

PU07
p254
?291
p435
p235

159

146

89
145
129

129
114

180

186

142
172
165
423
254
299
432
239

166

88

166
133

£2

18

237

260
392
219

MD3RA1S
FUels
Bituminous coal
anthracite
Crude petroleum
Met$ls
Iron ore

.

108
10
121
146
76

pllt3
Pl27
plOl
pi54
#
*

153
163
113
153
83
72

108
10

121

146
46
58

* Data not yet available.

p--IPr-liaiincry or estia&ted.
FREIGHT C»R10..Mt»($
(1955-39 avor-RC * 100)
Coal
Coke
Grain
Livestock
Forest products
Ore
Miscollcnoous
Merchandise, 1.c.l.

119
173
151
ill
148
171
147
79

147
180
159
121
159
171
151
78

36
9U

112
143
143
66
143
81

— T I T " "14?
i%
169
146
135
96
98
148
199
50
157
144
145
80
79

96
93
99
127
143
50
141
82

Kotei--To convort coal end miscellaneous indexes to points in totrl index, shorn
in Puderal Reserve Chert Book, multiply coal by .213 tod miscellaneous by ,548