Full text of G.12.3 Industrial Production : October 22, 1948
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v HW : ;Cf 2 51948 BOARD CP GOVERNORS OF 1B£ FEDERAL RESERVE SYSTEM For r e l e a s e i n morning papers, Saturday, October 23» 1948 G.12.3 October 2 2 , 1948 BUSINESS IfcEEXES 1939 average * 100 f o r f a c t o r y employment and p a y r o l l s ; 1923-25 average 5 100 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 s 100 f o r a l l other s e r i e s . Adjusted for seasonal variation I9U0 Sept. I r-U^. Industrial production Total Manufactures Total l«rable Nondurable hinerals Construction contracts, value Total Residential All other Factory employment Total Durable goods Nondurable goods Factory payrolls Total Durable goods Nondurable goods Freight carloadings Department store sales, value Department store stocks , value 1947 Sept. Without seasonal adjustment 1548 Sept. 1 Aug. 1947 Sept;. P191 191 rl86 pl96 194 rl90 P198 p223 P178 pl54 197 222 176 159 192 r2l6 172 153 p202 P225 pl84 P158 199 224 179 164 rl96 r2l8 178 158 204 184 220 163 168 195 » 213 102 238 164 168 197 159.9 I8/4.6 140.5 158.9 183.2 139.7 161.5 185.5 142.6 160,2 183.6 141.8 374.6 418.7 331.4 345.3 382.2 309.2 * * * * * — * * * » * * - - -«• — * * 139 142 142 150 146 153 P313 311 294 P319 259 300 * 266 232 * 287 257 Hote1—Production, c a r l o a d i n g s , and department s t o r e s a l e s indexes based on d a i l y a v e r a g e s . To convert durable manufactures, nondurable manufactures, and minerals indexes t o p o i n t s i n t o t a l index, shown i n Federal Reserve Chart Book, m u l t i p l y durable by #379# nondurable by . 4 6 9 , and minerals by . 1 5 2 . Construction c o n t r a c t indexes based on 5-month moving a v e r a g e s , c e n t e r e d a t second month, o f P. L. Lodge data f o r 57 Eastern S t a t e s . To convert indexes t o value f i g u r e s , shown i n Federal Reserve Chart Book, m u l t i p l y t o t a l by ylUO,269*000, r e s i d e n t i a l by ylQU,137*000 and a l l other by £>226,132,000. Lnployment i n d e x , w i t h o u t seasonal adjustment, and p a y r o l l s index compiled by Bureau o f Labor S t a t i s t i c s . • .IKiiSSTRIaL PROMOTION (1955-59 a w r f t s e = lOOj Adjusted for seasonal xreur iation " 1 # 1 W Sept. | Sept- without geueoiiul adjustment 1948 . ~mr Sept. Sept. 1 Aug> MAMJ F/tiC TORES Iron and steel 1/ Pig iron Steel 1 / Open ntiarfch \ J Electric l/ Machinery Transportation equipment Automobiles ( i n c l . parts) Konfterrous metals and products Smelting and refining Lumber and products Lumber FUrniture Stone, clay and glass products Plate glass Cament Clay products p215 • 21*5 185 656 p271 P227 pl93 P189 P191 pl45 g : P207 152 « pl?4 p2L2 p249 P170 132 319 Gypsum urd p l a s t e r products Abrasive and asbestos products Textiles and products Cotton consumption Rayon delivaries >.001 t e x t i l e s Leather products Tanning Cattle hide leathers Calf arid kip leathers Goat and kid leathers Sheep end lamb leathers Shoes 207 199 235 .. 179 635 269 251 199 186 190 149 190 188 207 rl71 r463 276 227 197 174 182 165 209 172 16U W> # * 176 248 249 166 127 318 168 P109 * * • * • * * • * • * Manufactured food products P158 pl27 pl 35 P165 pl43 s.heat flour Meatpacking Other manufactured foods Processed fruits & vegetables . * pll8 154 ii+3 126 159 107 , UtO 128 202 151 171 160 221 226 160 130 278 168 122 120 131 103 9b 118 123 156 136 146 163 149 $ 243 185 656 p271 p227 pl93 P189 P191 Pl55 P151 pl64 p2l6 152 182 150 M 180 249 249 166 127 318 168 pl08 * # * * . • * " * « * * $ • * pll8 172 l4l 111 180 205 " pl8l P13Q P125 pl96 p280 nk * $ pl80 p2l8 p2U9 pl70 152 319 * 190 188 207 rl71 r463 276 227 197 207 199 235 179 635 269 231 199 186 190 159 156 165 217 172 P213 ' 164 210 151 198 166 225 226 160 130. 278 168 121 118 "129 101 95 115 123 182 148 136 196 290 l p—Pre 1 iriinary• r—-Revised. * Data wot y e t a v a i l a b l e # l / Holiday allowance f o r labor Day, p r e v i o u s l y used in computing a a i l y average output OR #%ich s t e e l indexes are b a s e d / h s been eliminated* INDUSTRIAL PROUJCTION (19*5-55 average 8 100) ,.djusted f o r seasonal v a r i a t i o n '19# m r %ept. jsEiZI 1 "ithout s e a s o n a l adjustment " W Sent. S e p t . 1 Aug. T--SIOJF eHiSBS (cont**.7)r> p a p e r and p r o d u c t s paperboard ' Newsprint p r o d u c t i o n j P r i n t i n g and, p u b l i s h i n g Mewsprint .consumption P e t r q l e u m and c o a l p r o m o t e . Gasoline • FUel o i l Coke Byproduct Beehive , Chemicals Paints Soap , Rayon . I n d u s t r i a l chemicals Rubber p r o d u c t s FXaels Bituminous c o a l Anthracite Crude p e t r o l e u m Petals Iron o r e 189 93 >154 tit? p212 * * * . , * 165 i ia4' 149 '• p222 1 . 173 194 . 178 = 170 pU55 p255 pl^8 P129 P305 P450 p211 150 pl6l pl56 P119 pl68 pl!2 166 259 160 127 p 450 207 159 182 97 144 131 P203 162 183 170 162 439 * , * p455 P.255 pi 56 pl34 P305 Pb50 p2li 153 137 295 1*25 217 158 U7 174 115 165 lau 95 147 134* p222 * 248 160 lol 122 164 111 P)6l pl56 P119 pl6S plli2 ' * 178 170 . J*50 255 159 129 312 450 20? 166 158 117 174 1W 324 159 182 97 1^5 132 mi , 162 ,183 170 162 439 21*0 151 .11*3 295 1*25 217 160 161 122 164 145 298 * lata not yet available. p^hreiiminarye ; RL,:-1 1 t--raO-Dr,:^ • (1935-3 Coal Coke Grain livestock f o r e s t products Ore hiscellBneoxiS"' - 189 93 pl54 li+9 p212 * : ; ~ ^ ' ; "... * • : : a v e n g e * 100) W ) *• t s r ~ - i 5 2 f 180 1* 198 ilik 127 137 no ' 85 152 •152 . 1 | 101 ' 132 . ' 162 ll-ik - •Hi5 '• 145 ' . 60. . 66. 73 m •152 " : 190 18? 156 • iW 76V U5 164. ,. 171. 273 * 273 li',6* 156 70 v7 153 178 153 139 161 272 157 T? Koto?—*io c o n v e r t c o a l and i n i s c e l l a h s o u s indexes' t o p o i n t s i n t o t a l i n d e x , , s h o w n i n f e d e r a l Reserve Chart Book, m u l t i p l y c o a l by .21*3 and m i s c e l l a n e o u s by . 5 4 8 .
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