Full text of National Economic Trends : April 1969
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nniioadL Economic PREPARED BY FEDERAL MONTH ENDING: M a r c h 31, 1969 RESERVE treads BANK OF ST. LOUIS RELEASED: April 23, 1969 Total spending on goods a n d services in the first quarter of 1969 rose rapidly, probably in r esponse to earlier expansionary fiscal a n d m o n e t a r y developments. F e w signs of slowing in the private sector of the e c o n o m y w e r e evident. Total spending a d v a n c e d at a 7.4 per cent annual rate f r o m the fourth quarter of 1968 to the first quarter of this year, little c h a n g e d f r o m the 7. 8 per cent rate f r o m the third to the fourth quarter of 1968 a n d still a bove the 6 per cent trend rate f r o m 1957 to 1967. Prices rose at a v e r y rapid 4.3 per cent annual rate in the first quarter. Final sales, or total spending less changes in inventories, g r e w at a n annual rate of 9. 5 per cent in the first quarter, significantly greater than the 6. 3 per cent rate of increase in the fourth quarter of last year and the 6 per cent 1957-67 trend rate. P e r s o n a l i n c o m e also s h o w e d a substantial gain during the first quarter, rising at a rate of 7. 6 per cent c o m p a r e d with an 8. 9 per cent increase in the previous six months. R e a l product rose at a 2 . 9 per cent rate f r o m fourth quarter 1968 to first quarter 1969 a n d w a s up 4.5 per cent f r o m a year ago. U n e m p l o y m e n t a v e r a g e d 3. 3 per cent of the labor force in the first three m o n t h s of this year. Civilian e m p l o y m e n t rose at a n annual rate of 5.3 per cent during the first quarter c o m p a r e d with a 1. 7 per cent increase in 1968 a n d a 1.5 per cent 1957-67 trend rate. Industrial production increased at a 4. 3 per cent rate during the first three m o n t h s of 1969» c o m p a r e d to about a 4 per cent rise in the previous year. Business spending continued to increase rapidly in early 1969. Expenditures for plant an d e q u i p m e n t increased 10.7 per cent in the past year, well above the 5.3 per cent trend rate for 1957-67. T h e ratio of inventories to sales declined to 1.53 in F e b r u a r y f r o m 1.56 at the end of last yea r a n d is n o w at about the 1955-68 trend level. Total private housing starts rose at an 8. 8 per cent annual rate in the first quarter. C o n s u m e r spending increased at a n 8. 8 per cent annual rate in the first quarter, about the s a m e as last year a n d up f r o m the 7. 5 per cent 1957-67 trend rate. This first quarter g r o w t h w a s similar for durable goods, for nondurables, and for services. C o n s u m e r prices increased at an annual rate of 4.5 per cent in the D e c e m b e r - F e b r u a r y period, about the s a m e as the increase in the previous year, but considerably faster than the 1957-67 trend rate of 1. 7 per cent. 2 T3TAL C ! V I L I AM EMPLOYMENT COMPOJNDEO ANNUAL RATES OF :HANGE TERMINAL MONTH" THOUSANDS OF PERSONS IN IT IA L MONTH 0 8 -6 7 0 9 - 6 7 0 9 -6 7 .7 - 1 0 -6 7 •8 1 0 -6 7 1 1 -6 7 1 2 -6 7 0 1 -6 8 0 2 -6 8 0 3 -6 8 0 4 -6 8 0 5 -6 8 0 6 -6 8 0 7 -6 8 0 8 -6 8 0 9 -6 8 1 0 -6 8 1 1 -6 8 1 2 -6 8 3 1 - 6 9 0 2 - 6 9 7 4 ,6 5 6 2 .2 7 4 ,7 8 9 7 5 ,0 0 7 1 1 -6 7 1 .7 2 .9 3 .5 1 2 -6 7 3 .2 4 .5 5 .6 7 .7 0 1 -6 8 1 .3 1 .7 1 .6 .6 0 2 -6 8 2 .5 3 .2 3 .5 3 .4 1 .3 9 .2 0 3 -6 8 2 .5 3 .0 3 .2 3 .1 1 .6 5 .5 0*1-68 1 .9 2 .3 2 .3 2 .1 .7 3 .1 .1 0 5 -6 8 2 .2 2 .6 2 .6 2 .5 1 .5 3 .4 1 .6 1 .3 4 .5 0 6 -6 8 2 .1 2 .4 2 .5 2 .3 1 .4 3 .0 1 .5 1 .3 2 .8 1 .2 0 7 -6 8 1 .9 2 .2 2 .2 2 .0 1 .3 2 .5 1 .2 1 .3 2 .0 .7 .3 0 8 -6 8 1 .7 1 .9 1 .9 1 .7 1 .0 2 .0 .9 .7 1 .3 .2 .2 - 7 5 ,4 7 3 7 5 ,0 8 6 6 .0 - 7 5 ,6 4 0 7 5 ,7 6 4 2 .0 7 5 ,6 5 3 1 .7 7 5 ,9 3 2 7 6 ,0 0 5 7 6 ,0 2 0 7 5 ,9 7 3 .7 - 0 9 -6 8 1 .6 1 .8 1 .8 1 .6 .9 1 .8 .8 .6 1 .1 .3 .0 .2 - .4 1 0 -6 8 1 .5 i .7 1 .6 1 .5 .8 1 .6 .7 .5 .9 .2 .0 .1 - .2 .0 1 1 -6 8 1 .8 2 .0 2 .0 1 .8 1 .3 2 .1 1 .3 1 .2 1 .7 1 .2 1 .2 1 .5 2 .2 3 .1 6 .3 1 2 -6 8 2 .1 2 .3 2 .3 2 .2 1 .7 2 .4 1 .8 1 .3 2 .2 1 .9 2 .0 2 .4 3 .2 4 .1 6 .2 6 .1 0 1 -6 9 2. 4 2 .6 2 .6 2 .5 2 .2 2 .9 2 .3 2 .3 2 .8 2 .6 2 .8 3 .2 4 .0 4 .9 6 .6 6 .8 0 2 -6 9 2 .7 2 .9 2 .9 2 .9 2 .6 3 .2 2 .8 2 .3 3 .3 3 .2 3 .4 3 .9 4 .7 5 .6 7 .0 7 .2 7 .8 8 .0 0 3 -6 9 2 .6 2 .8 2 .8 2 .8 2 .4 3 .1 2 .6 2 .7 3 .1 2 .9 3 .1 3 .5 4 .1 4 .7 5 .7 5 .5 5 .3 4 .3 0 6 -6 8 0 7 -6 8 0 8 -6 8 0 9 -6 8 1 0 -6 8 1 1 -6 8 TJB-bf " ' 09- 67 T1 - o f 1 2 - 6 / 0 1 -6 8 0 2 - 6 8 0 3 -6 3 0 4 -6 8 0 5 -6 B IN IT IA L ........... 7 6 ,0 0 0 7 6 ,0 0 2 7 6 ,3 8 8 7 6 ,7 6 5 7 7 *2 2 9 7 .5 7 7 ,7 2 9 .6 7 7 ,7 6 7 1 2 —68 0 1 - 6 9 J 2 - 6 9 MONTH PREPARED BY FEDERAL KESttVfc BAnlv UF S T . LOUIS APRIL 9* 1969 PAYROLL EMPLOYMENT COMPOUNDED ANNUAL RATES OF CHANGE THOUSANDS OF PERSONS IM I T I AL MONTH TERMINAL MONTH 0 8 - 6 7 0 9 -6 7 1 0 -6 7 1 1 -6 7 1 2 -6 7 0 1 - 6 8 0 2 -6 8 0 3 -6 3 0 9 -6 7 I . 2- 1 0 -6 7 .9 3 .0 1 1 -6 7 3 .6 6 .1 9 .3 1 2 -6 7 u .o 5 .8 7 .2 5 .2 2 .6 .0 0 4 -6 8 0 5 -6 8 0 6 -6 8 0 7 -6 3 0 8 -6 8 0 9 -6 8 1 0 -6 8 1 1 -6 8 1 2 -6 8 D l- 6 9 0 2 -6 9 6 6 ,1 2 3 6 6*2 8 6 6 6 ,7 7 8 67# p60 0 1 -6 8 3 .2 4 .3 4 .7 0 2 -6 8 4 .3 5 .5 6 .1 5 .0 4 .9 1 0 .2 0 3 -6 8 3 .8 4 .7 5 .0 4 .0 3 .6 5 .5 1 .0 0 4 -6 8 3 .6 4 .3 4 .5 3 .6 3 .1 4 .2 1 .4 1 .3 0 5 -6 8 3 .3 3 .8 3 .9 3 .1 2 .6 3 .3 1 .1 1 .2 .7 0 6 -6 8 3 .4 3 .9 4 .0 3 .3 2 .9 3 .6 2 .0 2 .3 2 .6 4 .5 0 7 -6 8 3 .3 3 .7 3 .8 3 .1 2 .9 3 .3 2 .0 2 .3 2 .5 3 .4 2 .3 0 8 -6 8 3 .2 3 .6 3 .7 3 .1 2 .8 3 .2 2 *1 2 .* 2 .5 3 .1 2 .5 0 9 -6 8 3. 1 3 .4 3 .5 2 .9 2 .6 3 .0 2 .0 2 .2 2 .2 2 .6 2 .0 1 .9 1 .2 1 0 -6 8 3 .3 3 .6 3 .6 3 .2 2 .9 3 .3 2 .5 2 .7 2 .8 3 .3 2 .9 3 .2 3 .4 5 .7 1 1 -6 8 3 .3 3 .7 3 .7 3 .3 3 .1 3 .4 2 .7 2 .9 3 .1 3 .5 3 .3 3 .5 3 .8 5 .1 4 .6 1 2 -6 8 3 .5 3 .8 3 .9 3 .5 3 .4 3 .7 3 .0 3 .3 3 .5 3 .9 3 .8 » .I 4 .4 5 .6 5 .5 6 .4 6 7 ,0 5 8 6 7 ,6 0 0 6 7 .6 5 6 6 7 ,7 5 5 6 7 ,7 9 2 6 8 ,0 3 9 6 8 ,1 7 0 2 .6 6 8 ,3 1 4 6 8 ,3 8 2 6 8 *7 0 1 6 8 *9 5 5 6 9 ,3 1 0 0 1 -6 9 3 .6 3 .9 4 .0 3 .6 3 .5 3 .8 3 .3 3 .5 3 .7 4 .1 4 .0 4 .3 4 .7 5 .5 5 .5 5 .9 5 .5 0 2 -6 9 3 .8 4 .1 4 .1 3 .8 3 .7 4 .0 3 .5 3 .7 3 .9 4 .3 4 .3 ♦ .5 4 .9 5 .6 5 .6 5 .9 5 .7 6 .0 0 3 -6 9 3 .7 4 .0 4 .0 3 .7 3 .6 3 .9 3 .4 3 .6 3 .8 4 .1 4 .1 4 .3 4 .5 5 .1 5 .0 5 .1 4 .7 4 .2 2 .6 0 8 -6 7 0 9 -6 7 1 0 -6 7 1 1 -6 7 0 4 -6 8 0 5 -6 B 0 6 -6 8 0 7 -6 3 0 8 - 6 8 0 9 -6 8 1 0 -6 8 1 1 -6 8 1 2 -6 8 D l- 6 9 0 2 -6 9 1 2 -6 7 0 1 -6 8 0 2 -6 8 0 3 -6 3 6 9 ,6 2 0 6 9 ,9 5 5 ? 7 0 ,1 0 2 » IM IT IA L MONTH P - PRELIMINARY PREPARED BY FEDERAL RESERVE BAMK OF ST. LOUIS APRIL 9* 1969 3 Employment Ratio Scale Ratio Scale Source: U.S. D epartm ent of Labor Percentages are annual rates of change between periods indicated. They are presented to aid in comparing most recent developments with past "trends.” Latest d a ta p lo tte d : March prelim inary Prepared by Federal Reserve Bank of St. Louis 4 INDUSTRIAL PRODUCTION COMPOUNDED ANNUAL RATES OF CHAN6E TERMINAL MONTH " f * 1 0 .8 - 10—67 4 . 1- 1 1 -6 7 3 .9 1 2 .0 2 1 .8 1 2 -6 7 7 .4 1 4 .2 2 0 .2 1 8 .7 0 1 -6 8 4* 5 8 .7 10*6 5 *4 6 .% - 0 2 -6 8 4 .7 8 .2 9 .5 5 .6 •4 - 03-68 00 f o 1 0 -67 11 -67 12 -6 7 0 1 -68 0 9 -6 7 00 f N O 08 -6 7 o IN IT IA L MONTH 1 9 57-5 9 / 100 05-68 0 6 -6 8 0 7 -6 8 08 -68 0 9 -6 8 10-68 11-68 1 2 -6 8 0 1 -6 9 0 2 -6 9 1 5 6 .8 3 .1 15 7.2 15 9.8 162.1 16 1.2 6 .1 1 6 2 .0 0 3 -6 8 5 *2 8 .1 9 .1 6 .1 2 *3 6 .9 7 .7 0 4 -6 8 4 .0 6 .3 6 .9 4 .1 .7 3 .3 1 .9 3 .6 - 0 5 -6 8 5 .0 7 .2 7 .8 5 .6 3 .1 0 6 -6 8 5 .7 7 .7 8 .3 6 *5 0 7 -6 8 5 .3 7 .1 7 .5 * 5 .9 1 6 3 .0 16 2.5 5 .7 5 .5 4 .5 1 3 .3 7 .0 7 .2 7 .0 1 2 .8 1 2 .3 4 .2 6 .0 6 .0 5 .6 8 .9 6 .8 1 .5 16 4.2 165.8 16 6.0 0 8 -6 8 4 .0 5 .4 5 .7 4 .0 2 .3 3 .6 3 .2 2 .4 3 .9 1 .0 4 .3 - 9 .7 - 0 9 -6 8 4 .0 5 .3 5 .5 4 .0 2 .5 3 .7 3 .3 2 .6 3 .9 1 .7 1 .7 - 3 .2 - 3 .7 1 0 -6 8 4 .2 5 .4 5 .6 4 .2 2 .9 4 .0 3 .7 3 .2 4 .4 2 .7 .4 .0 5 .2 1 1 -68 4 .6 5 .8 6 .0 4 .8 3 .6 4 .7 4 .6 4 .2 5 .3 4 .1 2 .5 2 .7 7 .2 9 .0 1 1 .4 12 -68 4 .9 6 .0 6 .2 5 .1 4 .1 5 .1 5 .0 4 .7 5 .8 4 .8 3 .5 4 .0 7 .7 9 .0 1 0 .2 9 .0 16 4.6 16 5.1 6 .7 16 6.0 16 7.5 16 8.7 0 1 -6 9 4 .8 5 .9 6 .1 5 .0 4 .0 5 .0 4 .9 4 .6 5 .5 4 .6 3 .5 3 .9 6. 8 7 .6 7 .9 6 .3 3 .6 0 2 -6 9 4 .7 5 .7 5 .8 4 .8 3 .9 4 .7 4 .6 4 .4 5 .2 4 .3 3 .4 3 .6 6 .0 6 .5 6 .5 4 .9 2 .9 2 .2 0 3 -6 9 4 .8 5 .7 5 .9 5 .0 4 .1 4 .9 4 .8 4 .6 5 .4 4 .6 3 .8 4 .1 6 .2 6 .7 6 .6 5 .5 4 *3 4 .7 0 0 —6 T 0 V - 6 f 1 0 —6 f 11—6 f IZ -6 Î 01—68 0 2 -6 0 03-60 O *-b 0 0 5 —6 0 0 6 —6 o U f —6 0 0 0 -6 0 O V -6 0 10—6# 11—60 1 2 -6 0 1 6 9 .2 169.5 7 .3 1 7 0 .5 U l-6 9 0 2 -6 9 TNITTAL MONTH P - PRELIMINARY "PREPARED BY FEDERAL RESERVE BANK OF ST « T OUTS APRIL 1 ? , 1969 p 5 Ratio Scale Industrial Production Ratio Scale Percentages are annual rates of change between periods indicated. They are presented to aid in comparing most recent developments with past "trends.” Latest data plotted: March prelim inary Prepared by Federal Reserve Bank of St. Louis 6 RETAIL SALES COMPOUNDED ANNUAL RATES OF CHANGE 0 8 -6 7 0 9 -6 7 0 9 -6 7 M ILLIO N S OF DOLLARS IN IT IA L MONTH TERMINAL MÖNTH 1 0 -6 7 1 1 -6 7 1 2 -6 7 0 1 -6 8 0 2 -6 8 0 3 -6 8 0 4 -6 8 0 5 - 6 8 0 6 -6 8 0 7 -6 8 0 8 -6 8 0 9 -6 8 1 0 -6 8 1 1 -6 8 1 2 -6 8 0 1 - 6 9 0 2 - 6 9 3 1 .2 2 6 , 899 1 0 -6 7 3 .8 - 2 9 .4 - 2 6 ,1 2 9 1 1 -6 7 1 .5 1 0 . 7 - - 1 3 .0 2 6 ,3 9 6 1 2 -6 7 2 .8 5 .2 - 9 .9 7 .0 0 1 -6 8 6 .9 1 .6 I* * .7 1 5 .6 1 6 .9 2 6 ,5 4 5 2 5 .0 2 7 ,0 4 3 0 2 -6 8 9 .0 5 .0 1 5 .9 2 2 .3 1 9 .6 0 3 -6 8 1 1 .3 8 .3 1 8 .0 1 9 .3 2 3 .7 2 3 .1 2 6 .7 OH -68 8 .6 5 .8 1 3 .1 1 3 .2 1 4 .8 1 1 .5 7 .7 0 5 -6 8 9 .5 7 .1 1 3 .7 1 3 .8 1 5 .2 1 2 .9 1 0 .7 3 .5 1 7 .1 0 6 -6 8 9 .3 7 .1 1 2 .8 1 2 .8 1 3 .8 1 1 .7 9 .8 4 .7 1 2 .0 7 .1 2 7 ,4 4 9 2 7 ,9 9 6 8 .5 - 2 7 ,7 9 1 2 8 ,1 5 8 2 8 ,3 2 0 2 8 ,6 7 4 0 7 -6 8 9 .9 8 .0 1 3 .2 1 3 .2 1 4 .1 1 2 .4 1 1 .1 7 .4 1 3 .3 1 1 .5 1 6 .1 0 8 -6 8 9. 4 7 .6 1 2 .2 1 2 .1 1 2 .8 1 1 .1 9 .8 6 .7 1 0 .8 8 .8 9 .7 3 .7 0 9 -6 8 9 .1 7 .5 1 1 .6 1 1 .5 1 2 .0 1 0 .5 9 .3 6 .6 9 .9 8 .1 8 .5 4 .9 1 0 -6 8 7 .8 6 .2 9 .8 9 .6 9 .8 8 .2 6 .9 4 .3 6 .6 4 .7 4 .1 .3 1 1 -6 8 7 .6 6 .1 9.1* 9 .1 9 .3 7 .9 6 .6 4 .4 6 .3 4 .7 4 .2 1 .4 2 8 ,7 6 0 6 .1 2 8 ,9 0 2 2 8 ,6 9 7 1 .3 - * 8 .2 - .6 2 .0 - 4 .6 7 .5 - 7 .1 - • 1 7 . 5 - 2 8 ,8 0 6 1 2 -6 8 5 .8 4 .3 7 .2 6 .8 6 .8 5 .3 3 .9 1 .7 3 .0 1 .2 .2 2 .7 - - 4 .2 - * 0 1 -6 9 7 .1 5 .8 8 .7 8 .4 8 .5 7 .2 6 .1 4 .3 5 .8 4 .5 4 .1 2 .2 1 .9 .9 4 .1 3 .9 3 0 .8 0 2 -6 9 7 .6 6.1* 9 .1 8 .9 9 .0 7 .9 7 .0 5 .3 6 .8 5 .7 5 .6 4 .1 4 .2 3 .8 7 .1 7 .9 2 3 .4 1 6 .5 0 3 -6 9 7 .7 6 .6 9 .2 8 .9 9 .1 8 .0 7 .2 5 .7 7 .1 6 .1 6 .0 4 .8 5 .0 4 .8 7 .6 8 .3 1 8 .6 1 3 .0 TO =67^ 0 9 -6 7 1 0 -6 7 1 1 -6 7 0 7 -6 8 0 8 - 6 8 0 9 -6 8 1 0 -6 8 1 1 -6 8 1 2 -6 7 0 1 -6 8 0 2 -6 8 0 3 -6 8 0 4 -6 8 0 5 -6 8 0 6 - 6 8 2 8 ,3 4 7 2 8 ,9 8 9 2 9 , 359P 9 .6 2 9 , 585P 12—68 0 1 - 6 T 0 2 - 6 9 IN IT IA L MONTH P - PRELIMINARY PREPARED BY FEDERAL RESERVE BANK OF S T . LOUIS APRIL 1 0 , 1 969 PERSONAL INCOME COMPOUNDED ANNUAL RATES OF CHANGE TERMINAL MÙNÌH I N IT IA L MONTH 0 8 -6 7 0 9 -6 7 1 0 -6 7 1 1 -6 7 1 2 -6 7 0 1 -6 8 0 2 -6 8 0 3 -6 8 0 4 -6 8 0 5 - 6 8 0 6 -6 8 0 7 - 6 8 0 8 -6 8 0 9 -6 8 1 0 -6 8 0 9 -6 7 S .* 1 0 -6 7 3 *6 1 .9 1 1 -6 7 6 .9 7 .7 1 2 -6 7 9 .0 1 0 .2 1 4 .6 1 5 .3 0 1 -6 8 8 .0 8 .7 1 1 .0 9 .7 4 .3 0 2 -6 8 9 .3 1 0 .1 1 2 .2 1 1 .7 9 .9 1 5 .9 0 3 -6 8 9 .9 1 0 .6 1 2 .5 1 2 .1 1 1 .1 1 4 .7 OU—6 8 9 *2 9 .8 1 1 .1 1 0 .6 9 .5 1 1 .3 9 .0 4 .8 0 5 -6 8 9 .4 9 .9 1 1 .1 1 0 .6 9 .7 1 1 .1 9 .5 7 .6 1 0 .5 0 6 -6 8 9 .» 9 .9 1 0 .9 1 0 .5 9 .8 1 0 .9 9 .7 8 .4 1 0 .3 1 0 .2 0 7 -6 8 9 .5 9 .9 1 0 .8 1 0 .5 9 .8 1 0 .8 9 .8 8 .9 1 0 .3 1 0 .1 1 0 .1 0 8 -6 8 9.1* 9 .8 1 0 .6 1 0 .3 9 .7 1 0 .5 9 .6 8 .9 9 .9 9 .7 9 .5 8 .9 0 9 -6 8 9 .5 9 .8 1 0 .6 1 0 .3 9 .7 1 0 .4 9 .7 9 .1 9 .9 9 .8 9 .7 9 .5 1 0 .1 1 0 -6 8 9 .3 9 .6 1 0 .2 9 .9 9 .4 1 0 .0 9 .2 8 .7 9 .3 9 .1 8 .8 8 .4 8 .1 6 .2 1 1 -6 8 9 .2 9 .5 1 0 .1 9 .8 9 .3 9 .8 9 .2 8 .6 9 .2 9 .0 8 .7 8 .4 8 .3 7 .3 8 .5 1 1 -6 8 B IL L IO N S OF OOLLARS ANNUAL RATES 1 2 -6 8 0 1 - 6 9 0 2 - 6 9 6 3 7 .0 6 3 8 .0 1 3 .8 6 4 4 .9 6 5 2 .6 6 5 4 .9 6 6 3 .0 1 3 .4 6 7 0 .0 6 7 2 .6 6 7 8 .2 6 8 3 .7 6 8 9 .2 6 9 4 .1 6 9 9 .7 7 0 3 .2 7 0 8 .0 1 2 -6 8 9 .2 9 .5 1 0 .1 9 .8 9 .3 9 .8 9 .2 8 .8 9 .3 9 .1 8 .9 8 .7 8 .6 8 .1 9 .1 9 .7 0 1 -6 9 9 *0 9 .2 9 .7 9 .4 9 .0 9 .4 8 .8 8 .3 8 .7 8 .5 8 .3 8 .0 7 .8 7 .2 7 .5 7 .1 0 2 -6 9 9 .0 9 .2 9 .7 9 .4 9 .0 9 .3 8 .8 8 .4 8 .8 8 .6 8 .4 8 .1 8 .0 7 .6 8 .0 7 .8 6 .8 9 .3 0 3 -6 9 9 .0 9 .2 9 .6 9 .4 9 .0 9 .3 8 .8 8 .5 8 .8 8 .6 8 .5 8 .3 8 .2 7 .9 8 .2 8 .1 7 .6 9 .2 9 .2 IU -O f ii- o r U 3-6B U**—oö U 5-6 B U b -5 0 U f —68 Uo—68 U 9 -6 8 T U - 68 T T - 6 8 1 2 - 6 8 Ü l - * 9 0 2 -6 9 uo—O f i c —o 1 U1-6Ö IN I 1 I AL MUNIH -------- p - 7 1 6 .1 7 2 1 .4 7 2 6 .7 P ----- PRELIMINARY ---------------------------------------------------------------------------------------------------------------------------------— 7 1 3 .5 4 .5 ------------- -------------------------------------------------------------------- PREPARED BY FEDERAL RESERVE BANK OF ST* LOUIS * PRI L 17 , 1969----------------------------------------------- 7 Retail Sales Ratio Scale Ratio Scale Source: U.S. Department of Commerce Percentages are annual rates of change between periods indicated. They are presented to aid in comparing most recent developments with past "trends.” Latest data plotted: March prelim in a ry Prepared by Federal Reserve Bank of St.loim Personal Income Ratio Scale Ratio Scale Source: U.S. Department of Commerce Percentages are annual rates of change between periods indicated. They are presented to aid in comparing most recent developments with past "trends." Latest data plotted: March prelim inary Prepared by Federa I Reserve Bank of St. Louis 8 COMPOUNDED ANNUAL RATES OF CHANGE TERMINAL QUARTER B IL L IO N S OF DOLLARS ANNUAL RATES 02-6*1 03-6*1 0 *t-6 *l 0 1 -6 5 0 2 - 6 5 0 3 -6 5 OH—65 01—66 0 2 -6 6 0 3 -6 6 0*»-66 0 1 -6 7 0 2 -6 7 0 3 - 6 7 OH-67 0 1 - 6 8 0 2 - 6 8 3 3 - 6 8 3 H -6 8 IN IT IA L QUARTER 0 3 -6 H 7 .1 0*1—6*1 5 *5 3 .9 0 1 -6 5 7 .5 7 .6 11.*» 0 2 -6 5 7 .6 7 .8 9 .7 0 3 -6 5 8 .0 8 .2 9 .6 8 .7 9.*» OH-65 8 .5 8 .8 1 0 .1 9 .6 10.*» 11.*» 0 1 -6 6 8 .9 9 .1 1 0 .2 9 .9 1 0 .5 1 1 .1 1 0 .8 0 2 -6 6 8 .6 8 .8 9 .6 9 .3 9 .6 9 .6 8 .8 6 .8 0 3 -6 6 8 . *1 8 .6 9 .3 8 .9 9 .1 9 .0 8 .2 7 .0 7 .2 0*1-66 8 .H 8 .5 9 .1 8 .8 8 .9 8 .8 8 .2 7.1» 7 .7 8 .1 0 1 -6 7 7 .8 7 .9 8 .3 7 .9 7 .9 7 .7 7 .0 6 .0 5 .8 5 .1 6 3 8 .9 6 H 5 .1 6 6 2 .8 8 .0 6 7 5 .7 6 9 1 .1 7 1 0 .0 7 2 8 .H 7H 0.H 7 5 3 .3 7 6 8 .2 2 .1 7 7 2 .2 0 2 -6 7 7 .5 7 .5 7 .9 7 .5 7 .5 7 .2 6 .5 5 .7 5 .H H .8 3 .2 H .2 0 3 -6 7 7 .5 7 .6 7 .9 7 .6 7 .5 7 .3 6 .7 6 .0 5 .9 5 .6 *».7 6 .1 8 .0 0*1-67 7 .6 7 .6 7 .9 7 .6 7 .6 7.*» 6 .9 6 .3 6 .3 6 .1 5 .6 6 .8 8 .1 8 .1 0 1 -6 8 7 .8 7 .8 8 .1 7 .8 7 .8 7 .7 7 .3 6 .8 6 .8 6 .8 6 .5 7 .6 8 .8 9 .2 10. H 0 2 -6 8 8 .0 8 .0 8 .3 8 .1 8 .1 8 .0 7 .6 7 .3 7 .3 7.*» 7 .2 3 .3 9 .3 9 .8 1 0 .6 0 3 -6 8 8 .0 8 .1 8 .3 8 .1 8 .1 8 .0 7 .7 7 .H 7 .5 7 .5 7.*» 8 .H 9 .2 9 .5 1 0 .0 9 .8 8 .8 0*1-68 8 .0 8 .0 8 .3 8 .1 8 .1 8 .0 7 .7 7 .H 7 .5 7 .6 7 .5 8 .3 9 .0 9 .2 9 .H 9 .1 8 .3 7 .8 0 1 -6 9 8 .0 8 .0 8 .3 8 .1 8 .1 8 .0 7 .7 7 .H 7 .5 7 .5 7 .5 3 .2 8 .7 8 .9 9 .0 8 .7 8 .0 7 .6 02-6*1 0 3 —6H 0*»—6*» 0 1 - 6 5 0 2 - 6 5 0 3 - 6 5 0*»—65 0 1 -6 5 7 8 0 .2 7 9 5 .3 8 1 1 .0 8 3 1 .2 1 0 .9 8 5 2 .9 8 7 1 .0 8 8 7 .H 7. H 903. H 0 2 - 6 6 0 3 - 6 6 0*»—66 0 1 - 6 7 0 2 - 6 7 0 3 - 6 7 OH -67 0 1 -6 8 0 2 - 6 8 0 3 - 6 8 O H -68 I N IT IA L QUARTER PREPARED BY FEDERAL RESERVE BANK OF S T. LOUIS APR IL 188 1969 CROSS NATIONAL PRODUCT I N CONSTANT 1958 DOLLARS COMPOUNDED ANNUAL RATES OF CHANGE TERMINAL QUARTER IN IT IA L QUARTER 02-6*1 03-6*1 0*»-6*» 0 1 -6 5 0 2 - 6 5 0 3 -6 5 0*»—6 5 0 1 -6 6 0 2 -6 6 0 3 - 6 6 0*»—66 0 1 - 6 7 0 2 - 6 7 B IL L IO N S OF OOLLARS ANNUAL RATES 0 3 -6 7 O H -67 0 1 -6 8 0 2 - 6 8 3 3 - 6 8 O H -68 03-6*1 5 .1 0*1-6« 3 .5 1 .9 0 1 -6 5 5 .3 5 .5 9 .2 0 2 -6 5 5 .5 5 .6 7 .6 6 .0 0 3 -6 5 6 .0 6 .3 7 .8 7 .1 8 .2 0*1-65 6 .6 6 .9 8 .2 7 .8 8 .8 9.*» 0 1 -6 6 6 .7 7 .0 8 .1 7 .8 8.*» 8 .6 7 .8 0 2 -6 6 6 .3 6 .* 7 .2 6. 8 7 .0 6 .7 5 .3 2 .9 0 3 -6 6 6 .0 6 .1 6 .7 6 .3 6.*» 5 .9 *».8 3.1» 3 .9 0%—6 6 5 .9 6 .0 6 .5 6 .1 6 .1 5 .7 *».8 3 .8 *».3 0 1 -6 7 5 .2 5 .3 5 .6 5 .2 5 .1 *».6 3 .6 2 .6 2 .5 1 .9 .8 - 0 2 -6 7 5 .0 5 .0 5 .3 ■».9 *».7 *».2 3.1» 2 .5 2.1» 2 .0 .6 2 .1 0 3 -6 7 Ü .9 *1.9 5 .2 *».8 *»• 6 *».2 3 .5 2 .8 2 .7 2 .H 1 .7 3 .0 3 .9 0*1-67 *».8 *>.8 5 .0 *».7 *».5 *».1 3 .5 2 .9 2 .9 2 .7 2 .2 3 .2 3 .8 3 .7 0 1 -6 8 *1.9 *».9 5 .1 *».8 *».7 *».*» 3 .8 3.1» 3.1» 3 .3 3 .1 H .l H .7 5 .1 6 .6 0 2 -6 8 5 .0 5 .0 5 .2 *».9 *».8 *».5 *».1 3 .7 3 .8 3 .8 3 .6 H .5 5 .1 5 .5 6 .H 6 .3 5 8 5 .8 5 8 8 *5 6 0 1 .6 610. H 6 2 2 .5 6 3 6 .6 6 H 8 .6 6 5 3 .3 6 5 9 .5 *».7 6 6 7 .1 6 6 5 .7 6 6 9 .2 6 7 5 .6 6 8 1 .8 6 9 2 .7 7 0 3 .H 0 3 -6 8 5 .0 5 .0 5 .2 5 .0 *».9 *».6 *».2 3 .8 3 .9 3 .9 3 .8 H .6 5 .1 5 .H 6 .0 5 .7 5 .2 O H -68 H .9 *1.9 5 .1 *».9 *».8 *».5 * » .l 3 .9 3 .9 3 .9 3 .8 H .5 H .8 5 .0 5 .H 5 .0 H .3 3 .5 0 1 -6 9 *».8 *1.8 5 .0 *».7 *».6 *».*» *».0 3 .7 3 .8 3 .8 3 .7 H .3 H. 6 H .7 H .9 H .5 3 .9 3 .2 02-6*1 03-6*1 0*»—6*» 0 1 - 6 5 0 2 - 6 5 0 3 -6 5 7 1 2 .3 7 1 8 .H 2 .9 7 2 3 .6 0*»-65 0 1 -6 6 0 2 -6 6 0 3 - 6 6 OH—66 0 1 -6 7 0 2 - 6 7 0 3 - 6 7 OH-67 0 1 - 6 8 0 2 - 6 8 3 3 - 6 8 OH-68 IN IT IA L QUARTER PREPARED BY FEDERAL RESERVE BAMK OF S T . LOUIS . . APRIL 188 1969 9 Demand and Production Ratio Scale 1961 Ratio Scale Q uarterly Totals at Annual Rates 1962 1963 1964 1965 1966 1967 1968 1969 |_1 GNP in current dollars. Source: U.S. Department of Commerce [2 GNP in 1958 dollars. Percentages are annual rates of change between periods indicated. They are presented to aid in comparing most recent developments with past "trends.” Latest data plotted: 1st quarter 1969 preliminary Prepared by Federal Reserve Bank of St. Louis 10 FIN A L SALES IN CURRENT DOLLARS COMPOUNDED ANNUAL RATES OF CHANGE TERMINAL QUARTER IN IT IA L OUARTER 02-6«* 0 3 -6 4 0 4 -6 4 0 1 -6 5 0 2 -6 5 0 3 -6 5 0 4 -6 5 0 1 -6 5 0 2 -6 6 0 3 -6 6 0 4 -6 6 6 3 4 .1 0 3 —64 8. 1 0 4 -6 4 5 .1 2 .1 0 1 -6 5 6 .5 5 .7 9 .4 0 2 -6 5 7 .2 6 .9 9 .4 0 3 -6 5 7 .7 7 .6 9 .5 9 .5 9 .5 0 4 -6 5 8 .2 8 .3 9 .9 1 0 .0 1 0 .3 1 1 .1 8 .6 9 .9 1 0 .1 1 0 .3 1 0 .7 1 0 .2 6 3 7 .4 6 5 1 .9 6 6 6 .8 9 .5 6 8 2 .1 7 0 0 .3 o » 7 1 7 .5 8 .5 0 2 -6 6 8 .0 8 .0 9 .0 8 .9 8 .7 8 .5 7 .2 4 .3 0 3 -6 6 8 .1 8 .1 8 .9 8 .9 8 .7 8 .6 7 .7 6 .5 8 .8 0 4 -6 6 7 .7 7 .6 8 .4 8 .2 8 .0 7 .7 6 .9 5 .8 6 .6 4 .4 0 1 -6 7 7 .8 7 .7 8 .4 8 .2 8 .1 7 .8 7 .2 6 .5 7 .2 6 .4 8 .5 0 2 -6 7 7 .8 7 .7 8 .3 8 .2 8 .0 7 .8 7 .3 6 .7 7 .3 6 .8 8 .1 O' O' 0 1 -6 7 0 2 - 6 7 8 1 LLIONS OF OOLLARS ANNUAL RATES 0 3 -6 7 0 4 - 6 7 0 1 -6 8 0 2 - 6 8 3 3 -6 8 0 4 - 6 8 7 2 5 .0 7 4 0 .4 7 4 8 .4 7 6 3 .8 7 7 8 .0 7 .7 7 8 9 .9 0 3 -6 7 7 .6 7 .6 8 .1 8 .0 7 .8 7 .6 7 .1 6 .6 7 .1 6 .7 7 .5 7 .0 6 .3 0 4 -6 7 7 .6 7 .5 8 .0 7 .9 7 .7 7 .5 7 .1 6 .5 7 .0 6 .7 7 .3 5 .9 6 .5 6 .6 0 1 -6 8 8 .0 8 .0 8 .4 8 .4 8 .2 8 .1 7 .8 7 .5 8 .0 7 .8 8 .5 8 .6 8 .9 1 0 .2 1 3 .8 0 2 -6 8 7 .9 7 .9 8 .3 8 .2 8 .1 8 .0 7 .7 7 .4 7 .8 7 .6 8 .2 8 .1 8 .2 8 .9 1 0 .1 6 .4 0 3 -6 8 8 .0 8 .0 8 .4 8 .4 8 .3 8 .2 7 .9 7 .7 8 .1 8 .0 8 .5 8 .5 8 .7 9 .3 1 0 .2 8 .5 1 0 .6 0 4 -6 8 7 .9 7 .9 8 .3 8 .2 8 .1 8 .0 7 .8 7 .5 7 .9 7 .8 8 .2 8 .2 8 .3 8 .7 9 .2 7 .7 8 .4 6 .3 0 1 -6 9 8 .0 8 .0 8 .4 8 .3 8 .2 8 .1 7 .9 7 .7 8 .1 8 .0 8 .4 8 .4 8 .5 8 .9 9 .3 8 .2 8 .8 7 .9 0 2 - 6 4 0 3 -6 4 0 4 -6 4 0 1 -6 5 0 2 -6 5 0 3 -6 5 0 4 -6 5 0 1 -6 5 0 2 -6 6 0 3 -6 6 0 4 - 6 6 0 1 -5 7 0 2 -6 7 0 3 - 6 7 8 0 2 .7 8 2 9 .1 8 4 2 .1 8 6 3 .5 8 7 6 .8 9 .5 8 9 7 . OP 0 4 -6 7 0 1 - 6 8 0 2 - 6 8 0 3 -6 8 0 4 - 6 8 IN IT IA L QUARTER P - PRELIMINARY PREPARED BY FEDERAL RESERVE BAMK OF S T . LOUIS APRIL 2 1* 1969 FINAL SALES IN CONSTANT DOLLARS COMPOUNDED ANNUAL RATES OF CHANGE TERMINAL QUARTER 0 1 -6 4 0 2 -6 4 0 3 -6 4 IN IT IA L QUARTER ANNUAL RATES C 4-64 0 1 -6 5 0 2 -6 5 C 3 -6 5 0 4 -6 5 0 1 -6 6 0 2 - 6 6 0 3 -6 6 0 4 - 6 6 0 1 -6 7 0 2 - 6 7 0 3 - 6 7 0 2 -6 4 4 .5 0 3 -6 4 5 .3 6 .1 0 4 -6 4 3 .5 3 .0 0 1 -6 5 4 .5 4 .5 3 .7 7 .7 0 2 -6 5 5 .0 5 .2 4 .9 7 .4 7 .2 0 3 -6 5 5 .5 5 .8 5 .7 7 .7 7 .7 8 .1 0 4 -6 5 6 .0 6 .3 6 .3 8 .0 8 .1 8 .6 9 .0 0 1 -6 6 6 .2 6 .4 6 .5 7 .8 7 .9 8 .1 8 .1 0 2 -6 6 5 .5 5 .6 5 .5 6 .5 6 .3 6 .1 5 .4 3 .6 .1 0 3 -6 6 5 .5 5 .6 5 .6 6 .4 6 .2 6 .C 5 .5 4 .3 2 .9 B IL L IO N S OF 195 8 OOLLARS C 4 -6 7 0 1 - 6 8 0 2 - 6 8 0 3 - 6 8 5 7 2 .5 5 8 1 .0 .1 - 5 8 C .9 5 9 1 .7 6 0 2 .1 6 1 4 .0 6 2 7 .3 7 .2 6 3 8 .3 6 3 8 .5 5 .8 6 4 7 .6 0 4 -6 6 5 .1 5 .1 5 .C 5 .7 5 .4 5 .1 4 .5 3 .4 2 .1 3 .2 .6 0 1 -6 7 5 .1 5 .2 5 .1 5 .7 5 .4 5 .2 4 .7 3 .9 3 .0 4 .0 3 .1 5 .8 0 2 -6 7 5 .2 5 .2 5 .1 5 .7 5 .5 5 .3 4 .8 4 .2 3 .6 4 .5 4 .0 5 .8 5 .7 0 3 -6 7 4 .9 5 .0 4 .9 5 .4 5 .1 4 .9 4 .5 3 .9 3 .3 4 .0 3 .5 4 .5 3 .9 2 .1 0 4 -6 7 4 .7 4 .8 4 .7 5 .1 4 .8 4 .6 4 .2 3 .6 3 .1 3 .7 3 .2 3 .9 3 .3 2 .1 2 .1 0 1 -6 8 5 .1 5 .1 5 .1 5 .5 5 .3 5 .1 4 .8 4 .4 4 .0 4 .6 4 .4 5 .2 5 .0 4 .8 6 .2 1 0 .4 0 2 -6 8 4 .9 4 .9 4 .8 5 .2 5 .C 4 .8 4 .5 4 .1 3 .8 4 .2 4 .0 4 .6 4 .3 4 .0 4 .6 5 .9 1 .6 0 3 -6 8 5 .0 5 .0 5 .0 5 .3 5 .2 5 .0 4 .7 4 .4 4 .1 4 .5 4 .4 4 .9 4 .8 4 .6 5 .2 6 .3 4 .3 7 .1 0 4 -6 8 4 .8 4 .9 4 .8 5 .1 4 .9 4 .8 4 .5 4 .2 3 .9 4 .3 4 .1 4 .6 4 .4 4 .2 4 .6 5 .2 3 .5 4 .5 01[- 6 4 0 2 -6 4 C 3 -6 4 C 4 -6 4 0 1 - 6 5 0 2 -6 5 C 3 -6 5 0 4 -6 5 6 4 8 .5 6 5 7 .7 6 6 6 .9 6 7 C .4 0 1 -6 6 0 2 - 6 6 0 3 - 6 6 0 4 -6 6 0 1 -6 7 0 2 - 6 7 0 3 - 6 7 6 7 3 .8 6 9 0 .7 6 9 3 .5 7 0 5 .5 1 .9 7 0 8 .8 0 4 -6 7 0 1 - 6 8 0 2 - 6 8 0 3 - •68 IN IT IA L QUARTER PREPARED BY FEDERAL RESERVE BANK OF ST. LOLIS FEBRUARY 17* 1969 11 Final Sales Total Spending Less Changes in Business Inventories Ratio Scale Ratio Scale Source: U.S. Department of Commerce Percentages are annual rates of change between periods indicated. They are presented to aid in comparing most recent developments with past "trends.” Latest data plotted: Current Dollars-lst quarter 1969 preliminary Constant Dollars-4th quarter 1968 Prepared by Federal Reserve Bank of St. Louis 12 CONSUMER PRICE INDEX * COMPOUNDED ANNUAL RATES OF CHANGE TERMINAL_____________________________________________________________________IN IT IA L MONTH__________________________________________________________________1 9 5 7 -5 9 MONTH 0 7 -6 7 0 8 -6 7 OS—6 7 1 0-6 7 1 1 -6 7 1 2 -6 7 0 1 -6 8 0 2 -6 8 0 3 -6 8 0 4 -6 8 0 5 -6 8 0 6 -6 8 0 7 -6 R 0 8 -6 8 0 9 -6 8 1 0-6 8 1 1 -6 8 1 2 - 0 8 0 1 - 6 9 0 8 -6 7 4 .2 0 9 -6 7 3. i 2 .1 1 0 -6 7 3 .5 3 .1 4 .2 1 1 -6 7 3.»+ 3 .1 3 .6 / 100 1 1 6 .9 1 1 7 .1 1 1 7 .5 3 .1 1 1 7 .8 1 2 -6 7 3 .5 3 .4 3 .8 3 .6 4 .2 0 1 -6 8 3 .6 3 .5 3 .9 3 .8 4 .1 4 .1 0 2 -6 8 3 .7 3 .6 3 .9 3 .9 4 .1 4 .1 4 .2 0 3 -6 8 3 .9 3 .9 4. 1 4. 1 4 .4 4 .5 4. 7 5 .2 0 4 -6 8 3 .9 3 .9 4. 1 4. 1 4 .3 4 .4 4 .5 4 .6 1 1 8 .2 1 1 8 .6 1 1 9 .0 1 1 9 .5 4 .1 1 1 9 .9 0 5 -6 8 3 .9 3 .9 4. 1 4 .1 4 .3 4 .? «4.4 4 .4 4 .1 4 .1 0 6 -6 8 4. I 4 .1 «4. 4 4 .4 4 .6 4 .6 4 .7 4 .9 4 .8 5 .1 6 .2 1 2 0 .3 1 2 0 .9 0 7 -6 8 4 .3 4 .3 4 .5 4 .6 4 .8 4 .8 5 .0 5 .1 5. 1 5 .5 6 .1 6 .1 0 8 -6 8 4 .3 4 .3 4. 5 4 .5 4. 7 4 .7 4 .8 4 .9 4 .9 5 .1 5 .4 5 .1 4 .0 0 9 -6 8 4. 2 4 .2 4. 4 4 .4 4 .5 4 .5 4 .6 4 .7 4 .6 4 .7 4 .8 4 .4 3 .5 1 0 -6 8 4 .4 4 .4 4 .6 4 .6 4. 7 4 .8 4 .9 5 .0 4 .9 5 .1 5 .3 5 .0 4 .7 5 .0 7 .1 1 1 -6 8 4 .4 4 .4 4 .6 4 .6 4 .8 4 . <3 4 .9 5 .0 4 .9 5 .1 5 .2 5 .0 4 .8 5 .0 6 .1 5 .0 1 2 1 .5 1 2 1 .9 3 .0 1 2 2 .2 1 2 2 .9 1 2 3 .4 1 2 -6 8 4 .3 4 .3 4 .5 4 .5 4 .6 4 .7 4. 7 4 .8 4 .7 4 .8 4 .9 4. 7 4 .4 4 .5 5 .0 4 .0 2 .9 0 1 -6 9 4 .3 4 .3 4 .5 4 .5 4 .6 4 .6 4 .6 4 .7 4 .6 4 .7 4 .8 4 .6 4 .3 4 .4 4 .7 4 .0 3 .4 3 .9 0 2 -6 9 4. 3 4 .4 4 .5 4 .5 4 .6 4 .6 *4.7 4 .7 >4.7 4 .7 4 .8 1» .6 4 .4 4 .5 4 .8 4 .2 3 .9 4 .5 0 9 -6 7 1 0 -6 7 1 1 -6 7 1 2 -6 7 C i- 6 8 0 2 -6 8 0 3 -6 8 0 4 -6 8 0 5 -6 8 0 6 -6 8 0 7 -6 8 0 8 -6 8 0 7 - 6 7 0 8 -6 7 1 2 3 .7 1 2 4 .1 5 .0 1 2 4 .6 0 9 -6 8 T O -6 8 1 1 -6 8 1 2 -6 8 01--6 9 IN IT IA L MONTH * NOT SEASONALLY ADJUSTED PREPARED BY FEOERAL RESERVE BANK OF ST . LOUIS MARCH 1969 WHOLESALE PRICES» ALL COMMODITIES * COMPOUNDED ANNUAL RATES OF CHANGb o -j 0 7 -6 7 0 8 -6 7 0 CD 1 1 9 5 7 -5 9 IN IT IA L MONTH TERMINAL MONTH 0 9 -6 7 1 0 -6 7 1 1 -6 7 1 2 -6 7 C l- 6 8 0 2 -6 8 0 3 -6 8 0 4 -6 8 0 5 -6 8 0 6 -6 8 0 7 -6 8 0 8 -6 8 0 9 -6 8 1 0 -6 8 / 100 1 1 -6 8 1 2 -6 8 01 - 6 9 4. 4- 1 0 6 .1 0 9 -6 7 1 .7 - l.l 1 0 -6 7 1 .5 - .0 1 0 6 .2 I . 1- 1 0 6 .1 1 0 6 .2 1 1 -6 7 .8 - .4 .0 1 .1 1 2 -6 7 .7 2 .0 2 .5 4 .0 7 .0 0 1 -6 8 1 .3 2 .5 2 .9 4 .2 5 .8 4 .6 0 2 -6 8 2 .4 3 .6 4 .1 5 .5 7 .0 6 .9 9 .3 0 3 -6 8 2 .4 3 .4 3 .« »4.8 5 .8 5 .4 5 .7 2 .3 3 .4 4 .2 4 .8 4 .3 4 .2 1 .7 l.l 1 0 6 .8 1 0 7 .2 1 0 8 .0 1 0 8 .2 1 0 8 .3 0 4 -6 8 2. 3 3 .1 0 5 -6 8 2 .3 3 .0 3 .3 3 .9 4 .4 3 .9 3 .7 1 .9 1 .7 , 2 .2 0 6 -6 8 2 .3 3 .0 3 .2 3 .7 4 .1 3 .6 3 .4 2 .0 1 .9 2 .2 2 .2 0 7 -6 8 2 .4 3 .1 3 .3 3 .8 4. 1 3 .7 3 .6 2 .5 2 .5 3 .0 3 .4 4 .5 0 8 -6 8 1 .9 2 .5 2 .6 3 .0 3 .2 2 .7 2 .4 1 .3 l.l l.l .7 .0 0 9 -6 8 2. 1 2 .6 2 .7 3 .1 3 .3 2 .9 2 .7 1 .8 1 .7 1 .8 1 .7 1 .5 .0 4 .5 1 0 -6 8 2 .0 2 .4 2 .5 2 .8 3 .0 2 .6 2 .4 1 .5 1 .4 1 .5 1 .3 l. l .0 2 .2 .0 1 1 -6 8 2 .2 2 .6 2 .7 3 .0 3 .2 2 .9 2 .7 2 .0 2 .0 2 .1 2 .0 2 .0 1 .4 3 .4 2 .8 5 .7 1 2 -6 8 2 .2 2 .6 2 .7 3 .0 3 .1 2 .8 2. 7 2 .0 2 .0 2 .1 2 .1 2 .0 1 .6 3 .1 2 .6 3 .9 2 .2 3 .3 2 .7 2 .8 3 .0 3 .1 3 .2 3 .0 4 .5 4 .5 6 .0 6 .2 1 0 .3 3 .4 2 .9 2 .9 3 .1 3 .2 3 .3 3 .2 4 .5 4 .5 5 .6 5 .6 7 .3 0 6 -6 8 0 7 -6 8 0 8 -6 8 0 9 -6 8 1 0 -6 8 0 1 -6 9 2 .6 3 .0 3 .2 3 .5 3 .6 3 .4 0 2 -6 9 2 .7 3 .1 3 .2 3 .5 3 .7 3 .4 0 / - 6 7 0 8 -6 / 0 9 -6 r 1 0 -6 f 1 1 -6 1 1 2 -6 1 0 1 -6 8 0 2 -6 8 1 0 8 .5 0 3 -6 8 0 4 -6 8 0 5 -6 8 1 0 8 .7 1 0 9 .1 4 .3 - 1 0 8 .7 1 0 9 .1 1 0 9 .1 1 0 9 .6 1 0 9 .8 1 1 0 .7 4 .4 lll. l 1 1 -6 B 1 Z -6 B 01 - 6 9 IN IT IA L MONTH NOI SEASONALLY ADIUSTTTD PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS TWHCF "75 7 ..19 13 Prices Ratio Scale 1957 59=100 - Ratio Scale 1957 59=100 - Source: U.S. Department of Labor Percentages are annual rates of change between periods indicated. They are presented to aid in comparing most recent developments with past "trends.” Latest data plotted: February Prepared by Federal Reserve Bank of St. Louis m WHOLESALE PRICES - INDUSTRIAL COMMODITIES * _______COMPOUNDED ANNUAL RATES OF CHANGE__________ TERMINAL_____________________________________________________________________IN IT IA L MONTH__________________________________________________________________195 7 - 59 / MONTH 0 7 -6 7 0 8 -6 7 0 9 -6 7 1 0 -6 7 1 1 -6 7 1 2 -6 7 C l—68 0 2 -6 8 0 3 -6 8 0 4 -6 8 0 5 -6 8 0 6 -6 8 0 7 -6 8 0 8 -6 8 0 9 -6 8 1 0 -6 8 1 1 -6 8 1 ? - i r>ti 01 - 6 9 0 8 -6 7 3 .U 0 9 -6 7 2 .9 2 .3 1 0 -6 7 3 .1 2 .9 3 .4 1 1 -6 7 3. 1 3 .1 3 .4 3 .4 1 2 -6 7 3 .2 3 .1 3 .4 3 .4 3 .4 0 1 -6 8 3 .4 3 .H 3 .7 3 .8 4 .0 4 .6 0 2 -6 8 3 .8 3 .8 4 .1 4 .3 4 .6 5 .1 5 .7 0 3 -6 8 3 .7 3 .7 4 .0 4 .1 4 .3 4 .6 4 .5 3 .4 100 1 0 6 .3 1 0 6 .5 1 0 6 .8 1 0 7 .1 1 0 7 .4 1 0 7 .8 1 0 8 .3 1 0 8 .6 0 4 -6 8 3 .5 3 .6 3 .7 3 .8 3 .9 4 .0 3 .8 2 .8 2 .2 0 5 -6 8 3 .0 2 .9 3 .C 2 .9 2 .8 2 .7 2 .2 l.l .0 2 .2 - 0 6 -6 8 2 .9 2 .8 2 .9 2 .8 2 .7 2 .6 2 .2 1 .4 .7 .0 1 0 8 .8 1 0 8 .6 2 .2 1 0 8 .8 0 7 -6 8 2 .6 2 .6 2 .6 2 .5 2 .4 2 .3 1 .9 l.l .6 .0 l.l .0 0 8 -6 8 2 .5 2 .5 2 .5 2 .4 2 .3 2 .1 1 .8 l.l .7 .3 1 .1 .6 1.1 0 9 -6 8 2 .6 2 .5 2 .5 2 .5 2 .4 2 .2 2 .0 1 .4 1 .1 .9 1 .7 1 .5 2 .2 3 .3 1 0 -$ 8 2 .8 2 .7 2 .8 2 .7 2 .7 2 .6 2 .4 2 .0 1 .7 1 .7 2 .5 2 .5 3 .4 4 .5 5 .7 1 1 -6 8 2 .8 2 .7 2 .7 2 .7 2 .6 2 .5 2 .3 2 .0 1 .8 1 .7 2 .4 2 .5 3. 1 3 .7 3 .9 1 0 8 .8 1 0 8 .9 1 0 9 .2 1 0 9 .7 2 .2 1 0 9 .9 1 2 -6 8 2 .8 2 .7 2 .8 2 .7 2 .7 2 .6 2 .4 2 .1 2 .0 1 .9 2 .5 2 .6 3 .1 3 .6 3 .7 2 .8 3 .3 0 1 -6 9 3. 1 3 .0 3 .1 3 .1 3 .0 3 .0 2 .9 2 .6 2 .6 2 .6 3 .2 3 .3 3 .9 4 .5 4 .7 4 .4 5 .6 7. 9 0 2 -6 9 3 .2 3 .2 3 .2 3 .2 3 .2 3 .2 3 .1 2 .9 2 .8 2 .9 3 .5 3 .6 4 .1 4 .7 4 .9 4 .7 5 .6 6 .7 0 7 - 6 7 0 8 -6 7 0 9 -6 7 1 0 -6 7 1 1 -6 7 1 2 -6 7 C l- 6 8 0 2 -6 8 0 3 -6 8 0 4 -6 8 0 5 -6 8 0 8 -6 8 0 9 -6 8 1 0 -6 8 1 1 -6 8 0 6 -6 8 0 7 -6 8 1 1 0 .2 H C .9 5 .6 11 1 .4 1 2 - 68 01 - 6 9 IN IT IA L MONTH * not ^TASONATLY ADJUSTED PREPARED BY FEDERAL RESERVE BANK OF ST . MARCH 2b , 1969 WHOLESALE PRICES - FARM PRODUCTS,AND PROCESSED FOODS AND FEEDS COMPOUNDED ANNUAL RATES OF CHANGE TERMINAL MONTH 0 8 -6 7 * IN IT IA L MONTH 0 7 -6 7 0 8 -6 7 0 9 -6 7 1 0 -6 7 1 1 -6 7 1 2 -6 7 0 1 -6 8 0 2 -6 8 0 3 -6 8 0 4 -6 8 LOUIS 1 9 5 7 - 59 / 0 5 -6 8 0 6 -6 8 0 7 -68 0 8 -6 8 0 9 -6 8 1 0 -6 8 1 1 -6 8 100 1 2 - 68 01 - 6 9 2 1 .1 - 1 0 5 .2 0 9 -6 7 1 0 .7 - 1 .1 1 0 5 .3 1 0 -6 7 1 1 .4 - 6 .1 -• 1 2 .9 - 1 0 4 .1 1 1 -6 7 1 0 .5 - 6 .7 -• 1 0 .4 - 7 .8 - 1 2 -6 7 5 .5 - 1 .1 - - 1 .9 - 4 .1 1 7 .5 0 1 -6 8 3 .7 - .2 .0 4 .7 1 1 .6 5 .9 1 0 3 .4 1 0 4 .8 1 0 5 .3 0 2 -6 8 .8 - 3 .1 3 .5 8 .0 1 3 .8 1 2 .0 IB .5 0 3 -6 8 . 6— 2 .8 3 .1 6 .6 1 0 .5 8. ? 9 .5 l.l 0 4 -6 8 .6 - 2 .3 2 .5 5 .3 8. 1 5 .8 5 .8 .0 0 5 -6 8 .7 3 .4 3 .7 6 .3 8 .9 7 .3 7 .6 4 .2 5 .7 1 3 .1 0 6 -6 8 .7 3 .2 3 .4 5 .7 7 .8 6 .2 6 .3 3 .4 4 .2 6 .9 1 .1 0 7 -6 8 2 .0 4 .4 4 .7 6 .9 8 .8 7 .6 7 .9 6 .0 7 .2 1 0 .1 8 .6 0 8 -6 8 •4 2 .4 2 .5 4 .2 5 .6 4 .2 3 .9 1 .7 1 .8 2 .6 0 9 -6 8 1 .0 3 .0 3. 1 4 .7 6 .1 4 .9 4. 7 2 .9 3 .2 4 .1 2 .0 2 .3 4 .3 - 1 0 -6 8 • 1 1 .8 1 .8 3 .2 4 .2 3 .0 2 .7 .8 .8 l.l l.l - 1 .7 - 7 .1 - 1 0 6 .8 1 0 6 .9 1 .1 - 1 0 6 .8 1 0 7 .9 .7-- 1 0 8 .0 1 6 .7 1 .6 - 1 0 9 .4 1 7 .1 - 1 0 7 .7 1 0 .5 1 .7 - 1 0 8 .6 1 2 .5 - 1 0 7 .4 1 1 -6 8 .7 2 .4 2 .4 3 .7 4 .7 3 .7 3 .4 1 .9 2 .0 2 .4 .7 . 7 3 .0 - 2 .3 1 .6 - 1 0 .6 1 2 -6 8 .7 2 .3 2 .4 3 .5 4 .5 3 .4 3 .2 1 .8 1 .9 2 .3 .8 .7 2 .2 - 2 .0 .7 - 5 .7 0 1 -6 9 1 .6 3 .1 3 .2 4 .4 5 .3 4 .4 4 .3 3 .1 3 .3 3 .8 2 .7 0 2 -6 9 1 .6 3 .0 3 .1 4 .2 5 .1 4 .2 4 .1 3 .0 3 .2 3 .6 2 .6 0 7 - 6 7 0 8 -6 7 0 9 —6 7 1 0 -6 7 1 1 -6 7 1 2 -6 r 0 1 -6 8 0 2 -6 9 0 4 -6 8 1 0 8 .4 2 .9 .7 4 .7 3 .4 9 .3 « .6 16 .6 2 .8 .9 4 .3 3 .1 7 .4 6 .4 9 .2 0*4-68 UÌJ-68 0 6 -6 8 u r -6 8 0 8 -6 8 0 9 -6 8 1 0 -6 8 IN N I AL MUNIH » 1 C 8 .3 l.l 1 0 9 .8 2 .2 1 1 0 .0 1 1 -6 8 1 2 - 6H 01 - 6 9 -..................... .. " ...... .... ................ NOT SEASONALLY ADJUSTED PREPARED BY FEDERAL RESERVE PA^K OF ST . LOUIS WAKLH ¿'y » 1969 ......... ' 15 General Price Index Ratio Scale Ratio Scale 1958=100 1958=100 * As used in N a tio n a l Income Accounts Source*. U.S. D epartm ent o f Commerce Percentages are annual rates o f change between periods indicated.They are presented to aid in comparing most recent developments with past "trends.” Latest d ata p lo tte d : 1st quarter 1969 prelim inary Prepared by FederaiReserve Bank of St. Louis IM P L IC IT PRICE DEFLATOR FOR GROSS NATIONAL PRODUCT ___________COMPOUNDED ANNUAL RATES O f CHANGE____________ IN IT IA L QUARTER TERMINAL OUARTER 0 2 -6 4 0 3 -6 4 0 4 -6 4 0 1 -6 5 0 2 -6 5 0 3 -6 5 0 4 - 6 5 0 1 -6 5 1958 / 100 0 2 -6 6 0 3 - 6 6 0 4 - 6 6 0 1 -6 7 0 2 - 6 7 0 3 -6 7 0 4 - 6 7 0 1 - 6 8 0 2 -6 8 0 3 - 6 8 0 4 - 6 8 1 0 9 .1 0 3 —64 2 -2 0 4 —64 2 .0 1 .9 0 1 -6 5 2 .1 2 .0 2 .2 0 2 -6 5 2 .0 2 .0 2 .0 1• 8 0 3 -6 5 1 .8 1 .7 1 .7 1 .5 1 .1 0 4 -6 5 1 .8 1 .8 1 .7 1 .6 1 .5 1 .8 0 1 -6 6 2 .0 2 .0 2 .0 1 .9 1 .9 2 .4 2 .9 0 2 -6 6 2 .2 2 .2 2 .2 2 .3 2 .4 2 .8 3 .3 1 0 9 .6 1 1 0 .2 1 1 0 .7 1 1 1 .0 1 1 1 .5 1 1 2 .3 3 .6 1 1 3 .3 0 3 -6 6 2. 3 2 .3 2 .4 2 .4 2 .5 2 .9 3 .3 3 .4 3 .2 0 4 -6 6 2 .4 2 .5 2 .5 2 .6 2 .7 3 .0 3 .3 3 .5 3 .4 0 1 -6 7 2 .5 2 .5 2 .6 2 .6 2 .7 3 .0 3 .2 3 .3 3 .2 3 .2 2 .8 0 2 -6 7 2 .4 2 .5 2 .5 2 .5 2 .6 2 .9 3 .0 3 .1 2 .9 2 .8 2 .5 2 .1 0 3 -6 7 2 .5 2 .6 2 .6 2 .7 2 .8 3 .0 3. 1 3 .2 3 .1 3 .1 2 .9 3 .0 3 .8 0 4 -6 7 2 .7 2 .7 2 .8 2 .8 2 .9 3 .1 3 .3 3 .3 3 .3 3 .3 3 .2 3 .4 4 .0 4 .1 1 1 4 .2 3 .5 1 1 5 .2 1 1 6 .0 1 1 6 .6 1 1 7 .7 1 1 8 .9 0 1 -6 8 2 .7 2 .8 2 .8 2 .9 3 .0 3 .2 3 .3 3 .4 3 .3 3 .4 3 .3 3 .5 3 .9 3 .9 3 .8 0 2 -6 8 2 .8 2 .8 2 .9 3 .0 3 .1 3 .3 3 .4 3 .5 3 .4 3 .5 3 .4 3 .6 3 .9 4 .0 3 .9 4 .1 0 3 -6 8 2 .9 2 .9 3 .0 3 .0 3 .1 3 .3 3 .4 3 .5 3 .5 3 .5 3 .5 3 .6 3 .9 3 .9 3 .8 3 .9 3 .7 0 4 -6 8 2 .9 3 .0 3 .0 3 .1 3 .2 3 .3 3 .5 3 .5 3 .5 3 .5 3 .5 3 .7 3 .9 3 .9 3 .9 3 .9 3 .8 4 .0 0 1 -6 9 3 .0 3 .0 3 .1 3 *2 3 .3 3 .4 3 .5 3 .6 3 .6 3 .6 3 .6 3 .7 4 .0 4 .0 4 .0 4 .0 4 .0 4 .1 0 2 - 6 4 0 3 -6 4 0 4 -6 4 0 1 - 6 5 0 2 -6 5 0 3 - 6 5 0 4 - 6 5 0 1 -6 5 P - PRELIMINARY 0 2 -6 6 0 3 - 6 6 0 4 -6 6 0 1 -6 7 0 2 - 6 7 1 2 0 .0 1 2 1 .2 1 2 2 .3 1 2 3 .5 4 .3 1 2 4 .8 P 0 3 -6 7 0 4 - 6 7 0 1 -6 8 0 2 - 6 8 0 3 -6 8 0 4 - 6 8 IN IT IA L QUARTER PREPARED BY FEDERAL RESERVE BAMK OF ST* LOUIS APRIL 18 1969 Inventories Compared With Monthly Sales* *Ratios based on seasonally adjusted data. Source*. U.S. Department of Commerce Shaded areas represent periods of business recessions as defined by the National Bureau of Economic Research. Latest data plotted: February Prepared by Federal Reserve Bank of St. Louis
@FedFRASER