Full text of G.12.3 Industrial Production : November 27, 1946

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4r

P^iiSC- OF GfiVzKlCFS Of TVS FaCE&L RESERVE SYSTEM
. F o r r e l e a s e i n morning p a p e r s , F r i d a y , November " ^ , " 19%6
0,12.3

..

.

.

November 2 7 , 1946

BUSINESS INDEXES
|
DECS
1 y39 e v e r e f e * 100 f o r f a c t o r y employment and p a y r o l l s ;
1983-25 s v e r a r e « 100 f o r construction
contyytgf...........
1935-39 average * 100 f o r a l l o t h e r s e r i e s ,
Adjusted f o r
seasonal v a r i a t i o n
1945
1946
Oct,
Oct, I S e p t . ;
Industrial production
Total
ilanufactuMr
Total
Durable
Nondurable
Minerals
Construction c o n t r a c t s ,
Total
Residential
All o t h e r
F a c t o r y employment
Tota 1
Durable r o o d s
Nondurable poods
Fb c t o r y p&yrol 1 s
Total
Durable roods
Nondurable floods

1

value

|
*

!
<
•?

—

130

162

P195

184

164

p!89
p214
pl69
p i 44

186
212
164
146

168
136
154
124

p i 92 .
p215
pl74
p i 46

191
214
172
149

171
187
158
125

*

151
14?
165

83
36
121

152
147
156

73
35
114

*

*

*

•

*'
;

%

pi46.6.
pi70,0
pl29,2

145.9
163.6
129.1

127.2
142.6
115.1

~

146.7 , 127.6
168,7
142,6
129,4
115,7

pi 4 7 . 0
pi70.1
pi23.8
*

***»

Freight earloadings

*

»

284.3
314,6
, ,254,7

222,9
243,7
202.6

.

149.

128

139

153

118

149

Department s t o r e s a l e s , v a l u e

p258

269,

213

p276

278

230

Department s t o r e s t o c k s , v a l u e

p235

226 '

164

p265

250

185

p—Preliminar

1
|
^

Without
s ea e ona l a d justment
^ 1145
1;X6
Cot $ { S e p t . * C t .

pl82

*

f

194C

-

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

N o t e : - - P r o d u c t i o n , c a r l o a d i n g s , and d e p a r t m m t s t o r e s a l e s indexes based on d a i l y .
average®• To c o n v e r t d u r a b l e m a n u f a c t u r e s , nondurable manufactures., and m i n e t b I s
indexes t o p o i n t s in t o t a l i n d e x , shown i n F e d e r a l Reserve Chart Book, m u l t i p l y
d u r a b l e by , 3 7 9 , nondurable by %469, and m i n e r a l s by , 1 5 2 .
C o n s t r u c t i o n c o n t r a c t indexes b a s e d on 3-month moving a v & r a r e s , c e n t e r e d a t
second month, of P.
Dodre d a t a f o r 37 E a s t e r n S t a t e s • To convert *indexes t o
v a l u e f i g u r e s , shown in 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 o t h e r by $226,132,000,
Employment i n d e x , w i t h o u t seasonal, a d j u s t m e n t , and p a y r o l l s index compiled
t y Bureau of l a b o r S t % t i * t i o # .

. •I




*B~3

INDUSTRIAL PRODUCT!
(1935-59 a v e r n ^ e • 100)

Without
seasonal adjustment
1945
1946
Oct.
Oct. 1 Sapt,

Adjusted for
seasonal v a r i a t i o n
1946
19*6
Oct.
Oct# 1 S e n t .
KANimcitma
Iron r r 1 s t e e l
^" i r o n
&+ c l
Open h e a r t h

pl83
"
.

Electric

^chinery
T r a a s p o r t a t i o n equipment
Automobiles l /
'
.
Monfcrrous m e t a l s and p r o d u c t s
Smeltinp: and r e f i n i n g
Lumber and p r o d u c t s
Lumber
Furniture

S t o n e , c l a y , and g l a s s p r o d u c t s
Plate glass
Cera n t

Clay p r o d u c t s
Gypsum and p i a s t e r p r o d u c t s
Abrasive and a s b e s t o s p r o d u c t s
T e x t i l e s end p r o d u c t s
Cotton consumption
Rayon d e l i v e r i e s Wool t e x t i l e s

Leather p r o d u c t s
Tannine
Cattle-hide leathers

• Calf and k i p l e a t h e r s
Goat a r d k i d l e a t h e r s
Sheep and lamb l e a t h e r s
Shoes
Manufactured f o o d p r o d u c t s
T9hcat f l o u r
Meatpacking
Other manufactured f o o d s
Processed f r u i t s , k vegetables

193
172
347
p268
p239
pl90.
pl74
*

pi 35
pl26
p i 54
p205
153
*

pl47
p215
p251
p i 70
155
239
'

*

*

*
*

*
*
*

pl48
nl.44
pll9
pl56
pl72

184
194
195
171
366
262
241
' 188
167
146
137
129
162
205
161
162
150
212
246
166
153
236
- 181
' 119
101
114
81
51
132
131
136
135
38
151
142

146
129
159
139
307
232
258
120
144
148
91
76
120
161
50
106
116
177
218
141
128
215
147
112
107
121
89
46
145
116
143
129
129
148
128

pl83
*

193
172
347
p26fl
p239
p i 90
p i 74
*

pi 41
p i 34
olS4
p215
169
*

pl55
p221
p251
' p i 70
156
239
•

*
*

m
*

*
$

:

*

pl60
! pl63
; pjso
pl?4
c221

194
1«4
195
171
366
262
241
188
167
146
147
144
152
213
161
189
165
216
246
166
153
236
181
118
99
111
80
51
129
131
164
' 147
37
187
. 313

146
129
159
139
307
232
258
120
144
148
94
82
120
167
50
123
122
182
218
141
128
215
147
113
108
122
91
46
145
116
153
136
133
164
165

l / This s e r i e s i f c u r r e n t l y b a s e d upon man-hour s t a t i s t i c s f o r p l a n t s c l a s s i f i e d i n
t h e a u t o m o b i l e and automobile p a r t s * i n d u s t r i e s and i s designed t o measure p r o d u c t i v e a c t i v i t y d u r i n g t h e month i n c o n n e c t i o n w i t h assembly of p a s s e n r e r e a r s ,
t r u c k s , t r a i l e r s , end b u s s e s ; p r o d u c t i o n of b o d i e s , p a r t s , * a n d » a c c e s s o r i e s , i n c l u d i n g replacement p a r t s j end o u t p u t of nonautomotive p r o d u c t s made in t h e
p l a n t s c o v e r e d . R e c e n t l y t h e l e v e l shown *y t h i s s e r i e s ' h a s - been*much h i g h e r
r e l a t i v e t o prewar t h a n t h e * l e v e l shown by f a c t o r y s a l e s of new p a s s e n g e r c a r s
cud t r u c k s , The d i f f e r e n c e i s accdunted f o r i n p a r t by a sharp i n c r e a s e i n p r o d u c t i o n of replacement p a r t s end by o t h e r changes i n t h e * c o m p o s i t i o n of output«
I t a p p e a r s , however, t h a t t h e s e r i e s o v e r s t a t e s t h e c u r r e n t l e v e l of t o t a l
output i n t h v s e i n d u s t r i e s * Study i s being made of p r o d u c t i o n and man-hour
s t a t i s t i c s i n an endeavor t o a r r i v e a t a more a c c u r a t e measure of o v e r a l l

p r o d u c t i o n in t h e s e i n d u s t r i e s .


INDUSTRIAL PRODDCTIW
(1936«*39 a v e r a g e « 100)
1

Adjusted f o r
"
seasonal m r i a t l o n
1946
j 1946
Oct.
^ - P t . 1 Oct,

T
;

^ittiout
s e a s m a l adjustment
I 1945
1946
Oct, 1 S e p t . 1 O c t .

ivtUFr-CIURES ( C o n t ' d )
Paner and p r o d u c t s
F^perboard
Newsprint p r o d u c t i o n
P r i n t i n g and p u b l i s h i n g
llewspr i n t eons imp t i on
l e t r o l e u B ana eoal p r o d u c t s
Petroleum r e f i n i n g
Gasoline
Fuel o i l
Lubricating o i l
Kerosene
' oke
Byproduct
Bee h i w
Chemical#
Rayon
I n d u s t r i a l chemicals
Rubber

pl 51
172
1S8
119
*

'

150
172
97
128
117
*

143
157
• 79
116
96
156

*

#

*

•
166
161
352
235
266
395
231

143
167
79
117
101
156
—
129
152
120
122
116
115
146
232
238
371
191

151
163
126
pl49
134
232

126
110
120
133
116
245

plSl
172
86
136
126

165
172
97
123
119

*

*

-«*

•

*
*

*

*

*

166
161
862
256
266
396
231

129
152
120
122
116
116
146
250
239
371
191

p i 61
163
126
pl49
109

126
110
120
133
109

pl46
*

*

p358
p233
p268
p394
p227

pl46

pl46

pl46

*

*

pl49
p i 60
pl24
pI48

#
*

p363
p236
0268
p394
p237

MINERALS
Fuels
Bituminous c o a l
Anthracite
Crude p e t r o l e u m
Metals
I r o n ore

pl49
; pl60
pl24
pl48
*
* • "

mm

•
»

* Data not y e t ava l i a b l e *

p-~Prel Imlna ry or e s t i m a t e d #
FREIGHT CARLOADINGS
(1935-59 average # 100)
Coal
Coke
Grain
Livestock
Forest products
Ore
Miscellaneous
Merchandise, l . c . l .

165
183
142
128
146
146
139
79

16^
183
126
91
164
164
139
76

109
113
158
rl28
109
134
125
69

156
180
142
197
154
216
161
82

160
181
140
120
166
245
160
»9

109
111
168
1189
116
215
136
72

Botes*#fo convert coal and mleee'll laneous indexes t o p o i n t s In t o t a l Index, shown
I n Federal Reserve Chart Bo#k, m u l t i p l y coal by ,213 and m i s c e l l a n e o u s by •648.