Full text of G.12.3 Industrial Production : October 25, 1946

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

t * «#
I

•D

OCT 291946
SYSTEM

BOARD OP GOVERNORS OF THE FEDERAL BBS:

For release in afterncton papers, Monday, October 28, 1946
October 25, 1946

0.12.3

BUSIHESS INDEXES
1939 average r 100 for factory employment and payrollo;
1923-25 average : 100 for construction contracts;
1935-39 averago - 100 for all other series.
Without
Adjusted for
seasonal ndjui.tmont
seasonal variation
194b
1945
19^5
1946
Sept.
Sup u. Sept. 1 AuiV
Aug.
Sept.|

Industrial production
Total
Manufactures
Total
Durable
nondurable
Minerals
Construction contracts. value
Total
Residential
All other
Factory amployment
Total
Durable goods
Nondurable goods
Factory payrolls
Total
Durable goods
nondurable goods
Freight carloedinge
Department store sales, value
Department store stocks , value
p~Preli nr vary.

P177

177

167

pl82

179

171

pl83
p211
pl6l
PIU5

183
207
163
143

173
194
156
134

pl88
p212
pl68
pl48

185
208
166
147

177
195
161
137

158
157
158

69
26
104

*
#
*

164
155
171

70
26
105

143.8
I65.8
126.5

127.8 pl46.3
144.8 plb9.0
114.5 Pl28.|t

145-0
166.1
126.4

128.5
144.9
115-6

277.6
'
• 306.0
250.3

224.2
246.2
202.6

#

#
*

P145.5
pl68.8
P127.1
»«•

*

— -»

--

«• •
•

—

138

141

*
*

127

149

1^ 5

137

p2? I

242

209

237

184

p269

290

202

*

221

166

*

* Data not yet availably.

Bote;--Production, carloadings, and departmunt store aaleo indexes baaed on daily
averages. Ib convert durable manufactures, nondurable manufactures, and minerals
indexes to points in total index, shown in Federal B&eerve Chart Book, multiply
durable *y .379, nondurable by .469, and mincralo by .152.
Construction contract indexes bacvd on 3-month moving averages, centered at
second month, of F.W, Dodge data for 37 Eastern States. To convert index&a to
value figures, shown in Federal Reaurve Chart Book, multiply total by
$410,269,000, residential by $184,137,000 and ell other by $226,132,000.
Br^loyoent index, without eorvaonal adjutment, and payrolls index compiled
by Bureau of Labor Statistics.



A m iiTRIAL PRODUCTION
(1935-39 average » 100)

Adjusted for
seasonal variation
1945
1946
Sept.
Sept. 1 Aug.
MANUFACTURES
Iron and steel
Pig .iron
Steel
Open hearth
Electric
Machinery
Transportation equipment
Automobiles i/
Nonferroua 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 and asbestos products
Textiles and products
Cotton consumption
Rayon deliveries
Wool textiles
Leather products
Tanning
Cattle hide leathers
Calf and kip leathers
Goat and kid leathers
Sheep and lamb leathers
Shoes
Manufactured food products
Wheat flour
Meatpacking
Other manufactured foods
Processed fruits & vegetables

184
184
195
172
359
P 257
p24?
pl88
pl6o
pl44
p!35
pl27
P152
p201
161

183
186
195
169
" 381
251
241
182
154
138
134
126
- 150
196
114
*
159
150
P150
212
p212
p244
240
162
pl65
149
153
236
233
*
173
#
120
*
101
#
119
#
.
70
#
49
*
124
#
132
146
P134
pl28
131
138
P39
pl48
151
Pl34157
1

163
166
171
154
296
230
273
105
139
150
98
89
115
161
79
97
110
172
220
144
138
215
142
119
112
125
97
52
151
123
144
127
141
146
109

Without
seasonal adjustment
1946
15*5
Sept.
Sept. 1 Aug.
: 184
184
195
172
359
P257
p24?
pl88
pl60
pl45
pl45
pl42
P152
p208
161
#

P*55
p215
p244
pl65
153
236
#

*
*

«
*
*
*
#

pl6l
pl40
P38
pl83
P295

183
186
155
169
361
251
241
182
154
138
143
140 '
150
203
114
179
155
-13
<j4o
162
149
233
173
119
100
115
73
47
127
132
164
130
122
173
256

163
166
171
154
296
230
273
105
139
150
104
98
115
166
79
112
114
176
220
144
138
215
142
118
110
123
95
52
146
123
166
139
134
176
242

.

p--Preliminary
* Data not yet available,
1/ This aeries is currently based upon man-hour statistics for plants classified m
the automobile and automobile parts industries and is designed to measure work
done during the month in connection with assembly of passenger cars, trucks,
trailers, and busses; production of bodies, parts, and accessories, including
replacement parts; and output of nonautemotive products made in the plants
.<
covered. Recently the level shown by this series has been much higher relative
to pre-war than the level shown by factox*y sales of new passenger cars and trucks.
The difference is accounted for in part by a sharp Increase in production of replacement parts and by other changes in the composition of output. It appears,
however, that the series overstates the current'level of total output in these
industries* Study is being made of production and man-hour statistics in an endeavor to arrlvo at a more accurate measure of overall production in these
industries.




INDUSTRIAL PRODUCTION
(1935-39 average = 100)

3.

Adjusted for
seasonal variation
1946
1945
Sept.
Sept. J Aug.
MANUFACTURES (CONT'D)
Paper and products
Psperboard
Newsprint production
Printing and publishing
Newsprint consumption
Petroleum and coal products
Petroleum refining
Gasoline
Fuel oil
Lubricating oil
Kerosene
Coke
Byproduct
Beehive
Chemicals
Rayon
Industrial chemicals
Rubber

*

172
87
pl26
117
*

146
169
83
129
123

143
If5
81
109
93
184

*

• *»

pl45
*
*
*

*
*

P361
p23^
P263
pU03
p222

Without
seasonal adjustment
1946
1945
Sept. 1 A«a.
Sept.
*

172
87
Pl26
119
*

147
169
82
123
111

144
165
81
110
94
184

149
164
151
155
165
159
368
232
259
398
219

132
151
119
115
152
150
224
239
23/
386
172

150
156
120
.151
129
282

139
148

*

--

'

149
164
152
162
165
159.
368
236
259
398
219

132
151
119
116
152
150
224
239
237
386
172

pl45

150
156
120
151
103

139
148
114
138
106

pl51
pl63
P125
pl49

•
*
*
*
*

P36l
P235
P263
p403
p222

MINERALS
Fuels
Bituminous cool
Anthracite
Crude petroleum
Metals
Iron ore

pl51
Pl63
P125
P149
*

- *

p—Preliminary or estimated.

*
*

Ilk
138
123
281

* Data not yer, avsils.blv-7
FREIGHT CARLOADHGS
(1935-39 average = 100)

Coal
Coke
Grain
Livestock
Forest products
Ore
Miscellaneous
Merchendise, l.c.l.

160
183
125
91
154
164
139
75

152
184
131
118
157
162
145

n

143
155
rl45
114
125
174
126
66

160
161
140
120
166
245
150
79

152

m

142
113
165
243
146
77

143
154
163
150
135
261
136
69

r—Revised.
Note:—To convert coal and mlscellsneous Indexes to points In total index, shown
in Federal Reserve Chart Book, mitlply cool by .213 and miscellaneous by .548.