Full text of G.12.3 Industrial Production : November 16, 1940

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BOARD OP GOVERNORS OF THE FEDERAL RESERVE SYSTEM
Released for publication
Monday morning, November 18

V R&S BI • 196
November 16, 1940
BUSINESS INDEXES

(1935-193$ average * 100 for industrial production;
1923*1925 average » 100 for all other series)
Adjusted for
seasonal variation
1939
1940
Oct.
Oct, I Sept *
Industrial production
Total
Manufactures
Total
Durable
Nondurable
Minerals
Construction contracts. value
Total
Residential
All other
Factory employment
Total
Durable goods
Nondurable goods
Factory payrolls
Total
Durable goods
Nondurable goods
Freight-car loadings
Total
Miscellaneous
Department store sales. value
Department store stocks , value

Without
seasonal adjustment
1940
I 1939
Oct. | Sept. [ Oct .

pl23

125

121

pl33

129

126

pl30
pl50
pllS
pll3

127
145
112
116

121
129
115
119

nl35
pl54
pi 20
pl22

130
143
119
124

125
131
120
129

p92
p80
pl02

93
82
101

76
68
82

p88
p78
p96

93
82
102

72
66
77

*

*
*

105.2
104.7
105.7

101.2
94.6
107.6

..

• •

.•

*

*
*
*
*
*

••

107.7
105.5
109.7

103.6
96.1
110.8

109.6
113.2
105.5

101 .6
99.6
103.9

77
89

77
84

80
86

86
100

86
94

89
97

p92

99

90

plOl

105

99

*

70

69

*

72

77

p—Preliminary*
* Data not yet available*
Bote: —Product ion, carloadings, and department store sales indexes based on daily
averages *
Construction contract indexes baaed on 3-month moving averages, centered at
second month, of F. W. Dodge data for 37 Eastern States % To convert indexes to
value figures, shown in Federal Reserve Chart Book, multiply total by $410,269,000, residential by $164,137,000, and all other by $226,132,000.
Employment index, without seasonal adjustment, and payrolls index compiled
by Bureau of Labor Statistics.



2.
INDUSTRIAL PRODUCTION
(1936-1939 average «= 100)
Adjusted for
seasonal variation
1S3S
19*0:
Oct.
Oct. I Sept.
Durable nianuiactures
Iron and steel
Pig iron
Steel ingots
Machinery
transportation equipment
Automobiles
Monferrous metals and products
Copper smelting
Copper deliveries
Zinc shipments
Lumber and products
Lumber
Stone, clay, and glass products
Polished plate glass
Nondurable manufactures
Textiles and products
Cotton consumption
Rayon deliveries
Silk deliveries
Leather and products
Manufactured food products
Wheat flour
Cane sugar meltings
Meat packing
Paper and products
Paperboard
Printing and publishing
Hewsprint consumption
Petroleum and coal products
Beehive coke
Chemicals
Rubber products
Rubber consumption
LIBERALS
Fuels
Bituminous coal
Anthracite
Crude petroleum
Metals
Iron ore
Copper
Zinc
p--Preliminary or estimated *



161
154
161
115
105
96
144

Without
seasonal adjustment
19Z9
1940
Oct.
Oct• I Sept.

148
121
119
137
142

pl20
122

118
120
138
65
102
133
115
102
112
123
125
108
105
118
209
117
121
123

123
121
145
99
106
117
110
104
113
136
137
122
110
122
198
116
128
129

pll2
plO%
p97
pllG
pl76
294
pl46
132

115
124
100
114
171
301
136
129

121
137
118
115
177
270

164
166
164
145
134
10S
152
126
154
141
121
121
126
116

146
113
112
123
124

pl23
126
pl30
p72
pSS
pill
104
pl04
pl29

119
119
130
91
105
109
101
107
113
131
129
118
103
120
192
111
126
129

pl26
129
pl44
p78
p94
p!19
113
plOl
pl29

pi 20
122

116
120
120
65
95
110
100
86
121
119
118
108
104
116
252
116
lis
120

pllO
p98
pSl
pll6
pl29
156
pl40
132

114
119
105
114
127
156
132
133

117
123
112
116
128
133

$

123
*

104
*

p246
*

e•
,•

116

159
154
159
117
103
94
147

161
163
161
142
117
89
152
129
156
136
132
134
143
118

164
169
163
pl49
pl63
pl42
pl55
pl38
pi 73
143
pl31
130

165
169
165
pl46
p!54
pl31
pl61
pl30
pi 70
142
pl23
123
*
111

*

127

*

130
*

111
*

p253
*

#

m

m

$

116

* Data not yet available*