Full text of G.12.3 Industrial Production : September 25, 1947

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BOARD OP GOVERNORS OP THE FEDERAL RESERVE#SYSTEM
For release i n afternoon papers, Friday, September 26, 19U7

(

September 25, 1947

G.12.3
BUSINESS INDEXES

1939 average * 100 for factory employment and payrolls;
1923~25 average • 100 for construction contracts;
1935-39 average 2 100 for a l l other s e r i e s .
Without
seasonal adjustment
'
IWT
TrAF"
Aug. t July I Aug.

Adjusted"for
seasonal variation
- w * ~ r w
Aug. | July t Aug,
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 carloadings
Department store s a l e s , value
Department store stocks, value

pl82
pl88
p211
pl69
p!50
*
#
*

P151.8
P175.7
P133.0

177

178

184

184
208

208

164

164
144

155
136

156

l4l

170

149.2
174.1

129.6

157
158

146.3
169.7
127.8

p l 85

179

180

P 190

185
209

210

146

147

p213
pl72
P155
•

S
'

*

P153.4
P176.7
P135.0
*

166

186

166

170
138
196

164
155
171

149.9
174.4
130.3

170.6
129.7

147.7

313.9

350.6

284.4

*
*

277.9

253.4

316.1

143

134

i4l

148

140

145

p282

207

290

P236

219

242

230

221

232

238

p—Preliminary.
'
"
•Data not y e t available
Motet"Production, carloadings, and department store s a l e s indexes based on d a i l y
averages• To convert durable manufactures, nondurable manufactures, and
minerals indexes to points in t o t a l index, shown i n Federal Reserve Chart Book,
multiply durable by »379# nondurable by #W9, and minerals by *152#
Construction contract indexes based on 3-month moving averages, centered a t
second month, of F* W. Dodge data for 57 Eastern States# To convert indexes to
value f i g u r e s , shown i n federal Reserve Chart Book, multiply t o t a l by
6410,269,000, r e s i d e n t i a l by 4164,137*000 and a l l othor by $226,132,000.
Employment index, without seasonal adjustment, and payrolls index compiled
by Bureau of Labor S t a t i s t i c s .



INDUSTRIAL PROMOTION
(1935*39 average a 100)
Adjusted f o r
seasonal v a r i a t i o n
IStiB
w
Aug.
Aug. 1 J u l y

seasonal adjustment
1946
1947
Aug.
Aug. I July

MaHURttCitiRES
Iron "Jid s t e e l
Pig iron
Stool
.
Open hearth
Electric
Machinery
Transportation equipment
Automobiles 1 /
,
Nonforrous moteas and preduets
Smelting and r e f i n i n g
Lumber end products
Lumber
Furniture
Stone, c l a y and g l a s s products
Plate glass
Consent
Clay products
Gypsum rod p i a s t e r products
Abrasive and asbestos products
T e x t i l e s and products
Cotton consumption
Rayon d e l i v e r i e s
Wool t e x t i l e s
Leather products
Tanning
C a t t l e hido l e a t h e r s
Calf and k i p l e a t h e r s
Goat and kid l e a t h e r s
Sheep end lamb loatJic rs
Shoos
Manufactured food products
Wheat f l o u r
Meatpacking
Other manufactured foods
Processed f r u i t s & vegetables
p—Preliminary.

pl87
*

206
170
456
P271
P216
pl84
#

pl82
pl40
pl30
plbl
P198
151
*

pl60
P227
p220
pl54
130
26?
*

#

•
'

*

*
*

*
*

P157
P151
pl48
pl6o
P 128

181
174
198
166
429
268
217
185
172
181
134
121
157
196
124
164
162
220
221
142
118
263 .
130
100
10U
120
•
77
68
64
97
155
143
156
156
125

184
186
196170
381
254
2k2
182
159
150
135
126
152
197
114
159
150
215
2L2
163
149

Sko

173
120
101
119
70
49
124
133
147
131
138
151
155

pl 87
*

206
170
456
P271
p2l6
pl84
*

pl82
pl49
pl43
pl6l
p206
15L*

pl64
P 229
p220
Pl54
130
267
*

*
*

*

*
*
*
*

-

P173
P150
Pl30
pl78
p210

181
174
198
166
429
268
217
185
172
180
142
133
157
196
124-181
162
220
221
142
118
263
130
98
99
112
76
88
78
97
165
141
146
162
162

18L
186
196
170
381
254

2k2

182
159
150
144
i4o
152
204
114
179
154
215

2b2
163
149

2h0

173
119
100
115
73
47
127
133
164
130
122
173
255

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

l/Hhis s e r i e s i s currently based upon man-hour s t a t i s t i c s f o r plants c l a s s i f i e d
i n the automobile and automobile ports i n d u s t r i e s and i s designed t o measure
productive a c t i v i t y during the month i n connection w i t h assembly of passenger
c a r s , t r u c k s , t r a i l e r s # and busses; production o f bodies, p a r t s , and 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 ; and output o f nonautomotive products made
i n the plants covered#
- —
— -




3.

INDUSTRIAL PRODUCTION
(1935*39 average s 100)
Adjusted f o r
seasonal v a r i a t i o n
'W
T W
i July
J«£:

WithouT
seasonal adjustment
~mr
W
Jul
^Mg»
i
y
-E£i

MANUFACTURES ( c o n t ' d )
Paper and products
Paperboard
Newsprint production
P r i n t i n g and p u b l i s h i n g
Newsprint consumption
Petroleum and coal products
Gasoline
Coke
Byproduct
Beehive
Chemicals
Rayon
I n d u s t r i a l chemicals
Rubber products

178
9k
pi48
133
pl60
*
4ie
P253
P293
p435
p211

147
169
63
129
123
182
149
165

P152

166

91
143
131
195
157
161
156
307
252
291
1*36
209

178
93
piia
120

pl6o
418

Pi5l

166

89
134
U3
195
157

161

156

221

P249
P293
p435
p21l

307
248
291
436
209

150
156
120
151
107

Pl55
pl 51
pii4
pi6i
•

144
117
93
160
153

395

147
169
62
183
Hi

182
149
165
159
369

3.

395

221

MINERj'XS
FUels
Bituminous c o a l
Anthracite
Crude petroleum
Metals
Iron ore

P155
P151
pil4
pl6l
*

i a
117
93

160
118

*

*

150

156

120
151
132

282

•Data not y e t a v a i l a b l e

p—Preliminary.
FREIGHT CARLO.iDINGS
(1935-39 average * 100)
Coal
)
Coke
Grain
Livestock
Forest products
Ore
Miscellaneous
Merchandise, l * c . l .
r—Revised.

146
184
162
92
152
190
149
73

11$
170
168
107
152
194
143
71

152'
184
131
rll9
157
162
145
77

lUb
177
175
67
160
284
150
73

11$
165
202
87
153
311
145
71

w

177

1U2

113
165
243
146
77

Notej—To ccnvor't coal m d miscellaneous indexes t o p o i n t s i n t o t a l index, shown
i n Federal Rosorve Chart Book, m u l t i p l y coal by ,213 and miscellaneous by *548*