Full text of G.12.3 Industrial Production : September 15, 1954

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i

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYS'

S E P 1 ; lu 4
For Immediate release, Wednesday, September 15, 1954

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September 15, 195%

G.12.3

BUSINESS INDEXES

1947-49 average = 100

Industrial production
Total
pl24
Manufactures
Total
P125
Durable
P135
Nondurable
pll6
Minerals
pill
Consumer durable goods l/
Total
pll6
Major consumer durables
pl26
Autos
pl21
Household
P132
Other consumer durables
P 94
Construction contracts, value
Total
n.a.
Residential
n.a.
All other
n.a.
Employment and payrolls 2/
Nonagricultural emp., "total pl09.6
Manufacturing prod, -workers
Employment, total
P 99.9
pl04.8
Durable
Nondurable
P 94.2
Payrolls, total
Freight carloadings

84

Department store sales, value ell2
Department store stocks,value n.a.

i

1

Unadjusted
1
195#
1953
1954
II953.1
Aug. I July I June I Aug. Aug. 1 July 1 June 1 Aug.
124

124

136

pl24

116

124

136

125
134
115
113

125
134
115
114

138
157
119
119

pl26
P133
Pll8
P113

217
126
108
111

125
135
115
114

137
153
121
122

118
128
127
131
94

119
128
136
124
96

129
142
150
136
101

pll4
pl21
P123
pl21
P 96

103
108
125
94
91

116
125
143
112
94

127
138
153
125
104

225
236
217

240
251
233

216
183
239

206
233
188

207
227
193

205
184
220

109.8

110.1 114.1 P109.8

109.4

110.1

114.3

100.2 101.8 112.7 plOO.9
98.9
105.4 107.6 123.5 P104.3 103.9
94.9 100.2 P 96.9
93.1
94.1
el35.4 132.5
-

100.9
107.5
93.1
136.6

113.3
122.3
103.2
154.0

n.a.

n.a.
n.a.

82

84

98

86

86

87

101

112
124

112
122

112
131

e 98
n.a.

88
115

106
116

96
126

For description see
Federal Reserve Bulletin for May 1954, pp. 438-452.
2/ Seasonal factors for employment series revised for recent years, Back data may
be obtained from the Division of Research, and Statistics.
Itote: Construction contract indexes based on 3-month moving averages, centered at
second month, of F. W. Dodge data for 37 Eastern States. The unadjusted indexes
of employment and payrolls are compiled by or based on data of the Bureau of
Labor Statistics.
-Estimated

http://fraser.stlouisfed.org/
l
"i
Federal Reserve Bank
of St. Louis

p--Preliminary

n.a.—Not available

e

a.
INDUSTRIAL PRODUCTION
(19^7-49 average = 100)

Unadjusted
Seasonally adjusted
1954
1954
1953
pAug. 1 July 1 June Aug. pAug. 1 July 1 June

1953
Aug-

DURABLE MABUFACTOHBS;
Primary metals
Metal fabricating
Fabricated metal products
Machinery
Nonelectrical
Electrical
Transportation equipment
Instruments
Clay, glass and lumber prod.
Stone, clay and gloss prod*
Lumber and products
Furniture and miscellaneous
Furniture and fixtures
Miscellaneous manufactures

106
148
124
146
128
180
166
134
113

n.a.
n.a.
122
107
132

104
148
124
142
126
173
169
136
113
132
96
121
107
130

108
145
122
139
124
170
166
135
118
129
108
120
104
131

137
171
140
165
145
203
191
156
125
135
116
135
119
146

101
145
124
140
120
179
164
132
117
n.a.
n*a#
119
105
129

95
138
118
128
119
145
164
132
109
130
90
112
100
121

109
146
122
137
125
162
171
135
122
131
115
116
100
127

130
166
140
157
137
197
189
153
129
137
122
132
116
143

99
96
102
99
96
101
126
133
121
142
149
124
106
106

n.a.

97
92
102
106
119
95
126
136
121
142
148
124
107
108
107

106
104
109
111
127
97
126
133
121
143
148
132
108
108
104

104
n.a.
n.a.
99
n.a.
n.a.
123
n.a.
116
140
145
125
117
117
n.a.

87
82
91
86
85
88
116
120
114
134
138
124
109
110
n.a.

95
92
99
106
121
93
126
136
119
139
144
124
110
110
113

111
107
115
112
122
103
123
135
116
141
143
135
118
118
117

114
70
135
108

114
69
136
110

119
86
135
120

Ill
67
133
122

110
57
135
119

113
63
136
123

119
85
135
137

NONDURABLE MANUFACTURES:
Textiles and apparel
100
Textile mill products
n.a.
Apparel and allied products n.a.
Rubber and leather products
98
Rubber products
n.a*
Leather and products
n.a.
Paper and printing
126
Paper and allied products
n.a.
Printing and publishing
120
Chemicals and petroleum prod. 143
Chemicals and allied prod.
150
Petroleum and coal products 122
Food, beverages and tobacco
107
Food and beverage infra.
107
Tobacco manufactures
n.a.
MINERALS:
Mineral fuels
Coal
Crude oil and natural gas
Metal, stone and earth min.

p—Preliminary




112
67
133
108

n.a.—Not available

3

• INDUSTRIAL PRODUCTION

(1947-li9 average * 100)
Without seasonal adjustment
1953
195*
July I June
July 1 June 1 May
Primary metals
Ferrous metals
Pig iron
Steel
Carbon steel
Alloy steel
Castings and forgings
Nonferrous metals
Fabricated metal products
Structural metal parts
Stampings and misc. metal products
nonelectrical machinery
Farm machinery
Industrial and commercial machinery
Machine tools and presses
Electrical machinery
Electrical apparatus and parte
Transportation equipment
Autos
Trucks
Aircraft and parts
Railroad cars
Stone, clay and glass products
Glass and pottery products
Cement
Lumber and products
Lumber
Millwork and plywood
Textile mill products
Cotton and synthetic fabrics
Cotton consumption
Synthetic fabrics
Wool textiles
Knit goods
Apparel and allied products
Men's outerwear
Women's outerwear
Misc. apparel, etc.




91
9%
96
96
93
82
104

105
99
109
111
102
97
122

104
94
108
108
109
97
120

127
132
137
131
170
106
115

138

123
106

126
114

125
116

135
137

140
143

79
123
152

84
127
157

84
127
161

98
143
184

ion

151

156

159

176

182

125
81
471
17

143
96
472
25

146
101
472
32

l6l
118
46l
58

166
106

108
150

115
138

117
137

113
142

123
138

91
92

106
154

117
1&L

109
128

117
152

85
81
105
76
88

96
93
109
69
106

99
96
107
68
105

95
87
124
78
102

114
110
130
91
117

82
96
96

95
104
98

108
105
97

83
ill
107

124
119
110

133

143
137

183
127

139

148

189

452

62

•

•
IHDUSTRHL PRODUCTION
(1947-49 average = 100)
Without' Seasonal adjustment
1953
1954
July 1 June
1 May
July ** *1• June
- *»

....

Rubber prpducts _
Tires and tubes
leather and products
Shoes and slippers
Paper and allied products
Wood pulp
•
.'i
Paper and board
Paperboard
Printing and publishing
Hewaprint consumption
Job printing and periodicals
Chemicals and allied products
Industrial chemicals
Synthetic fibers
Paints
Petroleum and coal products
Petroleum refining
Gasoline
.
Fuel oil
. Coke .
Food and,beverage manufactures
Food manufactures
Meat products
Dairy products
Canned and frozen foods
Grain mill products
Bakery products
Beverages
Alcoholic beverages
Beer and ale
Coal
Bituminous coal
Crude oil and natural gas
Crude oil
Metal mining
Iron ore
,
Stone and earth minerals

>;
:

b-

!
,
>

j-'
t.l

.
••
•.

. .
'

;

.

84

119

111

>09

123

95

100

93

93

99

133
109
113

153
129
136

148
125
132

130
112
118

146
128
140

102
120 .

119
120

125
. 119

102
119

118
121

148
151
U7

152
157 .
117

150
149
116

157
171
122

161
174
121

130
l4l
122
77

131
141 .
122
79

130
l4o
121
80

137
149
128
113

136
145
130
114

100
105
135
85
106
95
115
108
117

110
98 *
132
162
108
102
121
107
127

105
105
l46
103
110
103
119
107
117

107
103
129
138
112
97
120
105
122

105
.108
145
99
114
97
126
114
.. 128

59

65

65

121
109
139
129

125
H9
152
127

124
108
126
125

71

83

127
138
. 199
130

126
142
201
130

.

:

Note.—Groups and subgroups Include Individual series not published separately,




d u t p u A F CONSUMER DURABLE GOODS
( W 7 - 49 average - 100)
Seasonally adjusted
1954
19%
July 1 June 1 May
July

Unadjusted
1954
Julyl June I May

102
104
94
122
122
n.a.
135
136
n.a.
245
47
624

n.a.
97

1953
July

MAJOR HOUSEHOLD GOODS:
Furniture and floor coverings
Furniture
Floor coverings
Appliances and beaters
Major appliances
Ranges
Refrigeration appliances
Laundry appliances
Heating apparatus
Radio and television sets
Radio sets
Television sets

96
102
79
110
111

246
45
631

96
100
84
117
120
83
144
124
106
198
43
493

115
120
102
123
127
113
138
135
111
285
73

689

89
93
98
98
80
62
112
93
114
90
n.a.
76
l4l
109
90
117
n.a. 104
116
165
44
29
281
397

96
96

90
96

90
112

n.a.
90

81
131
113
108

101
112
t'7

92
96
81
112
117
80
147
111
96
155
48
360

93
72
112
89
95
15S
45
310

90
94

92
105

C

A

OTHER CONSUMER DURABLE GOODS:
Auto parts and tires
Misc. home and personal goods

96
93

OUTPUT OF MAJOR HOUSEHOLD GOODS
(1947-49 average = 100)

July
Woven carpets
Gas ranges
Electric ranges
Refrigerators
Freezers
Washing machines
Driers and ironers
Vacuum cleaners
Furnaces
Water heaters
Auto radios
Household radios
Table model TV
Console model TV

34
n.a.
n.a.
66
125
81
169
69

!! •& # •

&•&»
68
18
299
265

Without seasonal adjustment
1954
1953
1
May
July
1
June
1 June
66
70
66
78
188
112
158
69
94
134
96
30
428
369

68
71
96
85
169
107
14?
78
85
125
112
30
396
328

45
62
89
79
147
80
172
54
95
93
119
25
211
400

82
72
135
98
198
138
212
70
96
112
143
39
310
490

Note.--For description and back figures see Federal Reserve Bulletin for May 1954
pp. 438-452, reprint available on request. Back figures, not in Bulletin,
on individual indexes for major household goods, without seasonal adjustment, also available on request to Division of Research and Statistics.
n.a.—Hot available.