Full text of National Economic Trends : April 1982
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nflTionflL Economic treods PREPARED BY FEDERAL R E S E R V E B A N K O F ST. LO UIS M O N T H E N D IN G : M a rch 3 1 , 1982 RELEASED : A p r il 30, 1982 T h e n a tio n 's o u tp u t o f goods and s e r v ic e s d e c lin e d s h a r p ly in th e p a st tw o q u a rte rs , a f t e r g e n e r a lly b e h a v in g in la c k lu s t e r fa s h io n s in c e f ir s t q u a r t e r 19 8 1. R e a l p e rso n a l c o n s u m p tio n e x p e n d itu re s fo r m o to r v e h ic le s (a u to s an d t r u c k s ) h a v e been p a r t ic u la r ly v o la t ile on a q u a r t e r - t o - q u a r t e r b a s is , le a d in g to s iz a b le in v e n t o r y a d ju s tm e n ts . T h ese a d ju s tm e n ts , in tu rn , h a v e in flu e n c e d m o v e m e n ts o f r e a l G N P b y m o re th an th e r e la t iv e im p o rt a n c e o f m o to r v e h ic le s in t o t a l o u tp u t. A u to s an d t r u c k s w e re o n ly 3.6 p e rc e n t o f t o t a l o u tp u t in 19 8 1. R e a l co n s u m p tio n e x p e n d itu re s f o r m o to r v e h ic le s f e l l s h a r p ly in th e s e c o n d q u a rt e r o f 1 9 8 1, r e s u lt in g in a la r g e in c re a s e in th e r a t e o f in v e n t o r y a c c u m u la t io n . T h e se in v e n t o r ie s w e re re d u c e d in th e t h ir d q u a r t e r o f 19 8 1, as f in a l s a le s o f m o to r v e h ic le s in c re a s e d . B ut in fo u rth q u a rt e r 19 8 1, f in a l s a le s d ip p e d a g a in , c a u s in g a u to and t r u c k in v e n t o r ie s to in c r e a s e . T h e f a c t th a t d e a le r s w e re a tt e m p tin g to re d u c e in v e n to rie s a t th a t tim e is b o rn e o u t by th e la rg e d e c lin e in m o to r v e h ic le in v e n t o r ie s in th e f ir s t q u a rt e r o f 19 82. F in a l s a le s p ic k e d up a g a in , an d in v e n t o r ie s w e re re d u c e d d r a m a t ic a lly , a c c o u n tin g fo r a lm o s t o n e - h a lf o f th e s w in g in t o t a l in v e n to r ie s fo r th e q u a r t e r . R e a l G N P has g e n e r a lly been d e p re sse d s in c e th e f ir s t q u a r t e r o f 19 8 1, w ith th e d e c lin e s b e in g r e f le c t e d p r im a r ily in h o u sin g , s t a t e and lo c a l p u rc h a s e s , and n e t e x p o rts . T h e s a le s an d p ro d u c tio n o f m o to r v e h ic le s , h o w e v e r, h a v e a c c e n t u a t e d th e d e c lin e . C H A N G E IN R E A L G N P A N D C O M P O N E N T S (b illio n s o f 19 72 d o lla r s ) IV /8 1 to 1/82 GNP C h a n g e in b u sin e ss in v e n t o r ie s A u to s <5c tr u c k s III/8 1 to IV /8 1 11/81 to m /8 i 1/81 to n /81 $ -1 4 .8 - 2 1 .7 -9 .7 $ - 1 7 .4 - 1 0 .7 0.8 $ 5 .4 4.1 - 7 .1 $ -6 .0 12.2 12.8 6.9 -6 .7 1.3 -1 8 .2 9 .3 5 .1 - 5 .3 -5 .1 7 .7 2.9 -5 .1 -8 .5 F ix e d in v e s tm e n t R e s id e n t ia l N o n re s id e n t ia l - 1 .4 - 1 .1 - 0 .3 -4 .4 - 3 .3 - 1 .2 -2 .4 -5 .1 2.8 -4 .2 -3 .2 -0 .9 G o v e rn m e n t p u rc h a s e s F e d e ra l S t a t e a n d lo c a l 0.4 1 .7 - 1 .3 7 .1 7.0 0.0 -1 .2 0.9 -1 .9 -4 .1 -2 .5 -1 .8 N e t e x p o rts E x p o rts Im p o rts -1 .4 - 3 .7 -2 .4 -4 .0 - 2 .7 1.3 - 3 .0 -1 .4 1.5 - 4 .7 -1 .0 3.8 F in a l s a le s P e rs o n a l c o n s u m p tio n e x p e n d itu re s A u to s <5c tr u c k s C o m p o n e n ts m ig h t n o t ad d to t o t a l b e c a u s e o f ro u n d in g . T O T A L C I V I L I A N EM PLO YM EN T C Q MPO U N O E D A N N IM L R A T E S O F C H A N G E OF PERSONS MONTH 8-80 9-80 10-80 11-80 12-60 1-81 2-61 3-81 4-81 5-81 6-81 7-81 8-61 9-81 10-61 11-61 12-61 1-62 99.208 9-80 3 .6 10-80 2 .5 1.5 11-80 2*5 2 .0 2*5 12-80 2 .2 1.7 1*9 1.2 99.328 99.534 99,632 99.901 1-81 2 .4 2.1 2.3 2 .2 3.3 2-81 2*3 2*1 2*3 2 .2 2*7 2.0 3-81 2 .6 2 .4 2 .6 2 .7 3.1 3.1 100.069 4.1 100*406 100.878 4-81 3 .0 2 .9 3*1 3 .3 3.8 4 .0 4 .9 5.8 5 -ei 2 .9 2*8 3*0 3 .1 3.4 3.5 4 .0 3 .9 2 .0 6-81 1.8 1.6 1 .7 1.5 1.3 1.1 0.1 -2 .6 -7.1 7-81 2 .1 2.0 2 .1 2 .0 1.9 1.9 1.4 - 0 .1 -1.1 2.1 101tO45 100.430 100.864 5 .3 8-81 1.9 1.8 1*8 1.8 1.8 1.6 1.5 1.0 - 0 .1 -0.8 2 .5 -0 .3 9-81 1.2 1.1 1.0 0 .9 0.8 0 .5 0 .3 -0 .3 - 1 .5 -2.3 - 0 .7 -3.6 -6.7 -ei 1.2 1.1 1.0 0*9 0.9 0 .6 0 .4 -0 .1 -1 .1 -1 .7 - 0 .3 -2 .1 -2.9 1.0 11-81 1.0 0 .8 0 .8 0*6 0.6 0 .3 0*1 - 0 .3 -1 .2 -1 .7 - 0 .6 -2 .0 -2*6 -0 .5 - 2 .0 12-61 0*5 0 .3 0*2 0 .1 -0.0 - 0 .3 - 0 .5 - 1 .1 - 1 .9 - 2 .4 -1 .6 - 3 .0 -3.6 - 2 .5 - 4 .3 -6 .5 1-82 0*5 0*3 0*2 0*0 -0.0 - 0 .3 -0 .5 -1 .0 - 1 .7 -2.2 - 1 .4 -2 .5 -3.0 - 2 .0 - 3 .0 - 3 .5 - 0 .4 - 2 .2 - 2 .3 - o .i 0 .1 -2 .0 - 2 .0 10 2-82 100.840 100.258 100.343 100.172 99.613 99,581 2-82 0*5 0*3 0*2 0*0 -0.0 - 0 .3 -0*5 - 0 .9 - 1 .5 -1*9 - 1 .3 -2.2 -2.5 - 1 .6 3-82 0*4 0 ,2 0*1 -0*0 -0.1 - 0 .4 - 0 .5 -0*9 - 1 .5 -1.8 -1*2 -2*0 -2.3 - 1 .5 - 0 .5 - 0 .5 - 1 .2 9-80 10-80 11-80 12-80 1-81 2-61 3-61 4-81 5-81 6—81 7-81 8-81 9-81 10-61 11-61 12-61 1-62 2-62 8-8 0 99,590 99,492 IN IT IA L MONTH PAYROLL EMPLOYMENT COMPOUNDED ANNUAL RATES OF CHANGE IN IT IA L MONTH MONTH OF PERSONS 8-80 9-80 9-80 10-80 11-80 12-80 1-til 2-61 3-61 4-81 5-61 6-61 7-81 8-61 9-81 10-61 11-61 12-61 1-62 2-62 90.461 3 .3 90.668 10-80 3 .0 2 .8 11-80 2 .8 2.6 2 .4 12-80 2 .4 2.2 1.9 90.844 1 .4 90.949 1-81 2 .3 2 .1 1.9 1.6 1.9 2-81 2 .3 2*1 2.0 1.8 2.1 2.2 91.091 3-81 2 .2 2.0 1.8 1.8 1.7 1.2 91.258 91.347 4-81 2 .1 1.9 1.8 1.7 1.6 1.3 1.5 5-81 2 .0 1*8 1.7 lt6 1*6 1*6 1.3 1.4 1.4 6-81 1 .9 1.7 1.6 1«? 1.5 1.4 1.2 1.2 1.0 0 .7 7-81 2 .0 1.9 1.8 1.8 1.7 1.6 1.8 1.9 2.1 3 .5 8-81 1.9 1 .7 1.6 1.6 1.5 1.4 1.5 1.5 1.5 1 .9 0 .3 9-81 1.9 1.7 1 .6 1.6 1.6 1.5 1.5 1.5 1.5 1.8 1 .0 1.7 10-81 1.5 1.4 1.3 1.2 1.2 1.1 0 .9 0 .9 0 .8 0 .7 0 .7 -0 .2 -0.4 11-81 1*2 12-81 91.458 91.564 91.615 91*880 91,901 92.033 91,832 - 2 .6 91,522 1.0 0 .9 0 .7 0.7 0.6 0 .4 0*3 0 .1 -0 .1 - 0 .2 -1 .2 -1.6 - 3 .3 - 4 .0 0 .6 0*4 0 .3 0.2 0.0 -0 .2 - 0 .3 - 0 .6 -0 .8 - 1 .1 - 2 .0 -2.6 - 3 .9 -4 .6 -5 .2 0*2 0 .0 *-0.1 - 0 .2 -0 .5 - 0 .6 - 0 .8 -1 .1 - 1 .4 -2 .2 -2.6 - 3 .7 - 4 .1 -4 .1 - 3 .0 91,113 90,879 1-82 0 .5 0 .3 2-82 0 .6 0.5 0*3 0*2 0*1 -0 .1 - 0 .2 - 0 .4 - 0 .5 -0 .8 - 0 .9 - 1 .6 -1.9 - 2 .6 -2 .6 - 2 .1 - 0 .5 2.1 3-82 0 .4 0*3 0*1 *3 * 0 •-0*1 - 0 .3 - 0 .4 -Q*l6 - 0 .8 -1*0 “ I t 2__ - 1 .7 -2*0 “ 2 ** _ -2*6 - 2 *A -1*3 - 0 .4 - 2 .8 8-80 9-80 iO-eO 11—8 0 12-80 l~öl 2-61 3-81 4-61 5-81 6-81 8-81 9-81 10-81 1 1 -81 12-81 1-82 2-82 IN IT IA L 7-81 91.040P 90.822P M O N TH P- PRELIMINARY PREPARED BY FED ER A L R ESERVE A P R IL 2 . 1962 2 BANK O F S T. L O U IS E M P LO Y M E N T RATIO SCALE MI L L I O NS OF PERSONS 1974 1975 RATIO SCALE M I L L I ONS OF PERSONS SEASONALLY ADJUSTED 1976 1977 1978 1979 1980 1981 1982 SOURCEt U . S . D E P A R T M E N T OF L A B O R P E R C E N T A G E S ARE A N N U A L R A T E S OF C H A N O E F O R P E R I O D S INDICATED. LA T E S T D A T A P L O TTEDt M A R C H P R E L I M I N A R Y P R E P A R E D BY F E D E R A L R E S E R V E B A N K OF ST. L O U I S U N EM PLO Y M EN T SEASONALLY PERCENT 11 .0 RATE ADJUSTED PERCENT 11,0 — + + + - + + + + + + + 6. - - + H + + + + + + + + _____ I_______ 1 '97-1 1975 1976 1 '977 1 '978 1 '979 1 1980 .( 1 1981 1982 SOURCEt U.S. D E P A R T M E N T OF L A B O R P E R C E N T OF C I V I L I A N L A B O R F O R C E L A T E S T D A T A P L O TTEDt M A R C H P R EP A R ED 3 BY F E D E R A L R E S E R V E BANK OF 10, i LO U I CONSUMER PRICE ____________________ INDEX FOR ALL URBAN CONSUMERS, SEASONALLY ADJUSTED COMPOUNDED ANNUAL RATES Of CHANGE IN IT IA L 8-80 9-80 10—8 0 11-80 12-60 1-61 ¿- 6 1 3-61 4-81 M ONTH 5-61 6-81 7-81 8-81 9-81 10-81 11-81 12-61 1-82 2 -6k 251.4 12*7 13« 2 254.1 1 3 .7 ¿5 6 ,9 1 3 .5 1 3 .^ 1 4 ,1 1 3 ,2 13 « 3 1 3 ,2 12 ♦3 1 2 .4 12♦0 1 1 ,0 2-81 12r4 1 2.4 12«0 11•4 3-81 1 1 ,6 11♦4 1 1 .0 1 0 .3 9 ,6 9 ,5 7«0 4-81 1 0 .8 1 0.5 1 0 .0 9 .2 8 .4 8 .0 6 ,1 5 .1 9 ,7 1 0,9 1 2 ,1 ______________ 265.4 _____ 5-81 1 0 .7 10♦4 1 0 .0 9«3 8«7 8 .5 7 .3 7 .5 9 .9 ____________ 6-81 1 0 .6 1 0 .3 9 .9 9 .3 8 ,8 8 .7 7 .8 8 .1 9 .6 9 .3 7-81 1 0 .9 1 0.7 1 0 .4 1 0 .0 9 ,6 9 ,6 9 .1 9 .7 1 1 .3 1 1 .9 1 4 .6 2 7 3 .T 8-81 10. 8 1 0.7 1 0 .4 1 0 .0 9 .7 9 .7 9 ,3 9 ,8 1 1 .0 1 1 .3 1 2 ,3 1 0,1 9-81 11. 1 1 0 .9 1 0 .7 1 0 .4 10.1 1 0.2 9 .9 1 0 .4 1 1 .5 1 2 .0 1 2 .8 1 2 .0 13.9 10-61 10. 7 1 0.5 1 0.2 9 .3 9 .7 1 0 ,5 1 0 .6 1 0 .9 9 .7 9 .5 11-81 1 0 .3 1 0.2 9 .9 9 .0 9 .2 9 .8 9 .5 9 .1 9 .1 8 .0 9 .6 8-80 2 7 5 .9 5 .4 5 .5 9 .4 9-80 10-80 11-80 12-80 1-31 2-61 3-81 4-61 5-61 IN IT IA L 6-81 7-81 8-81 9-81 10-81 11-81 1 .0 - 0 .2 - 3 .3 12-61 1-82 2-82 M ONTH PREPA RED BY FEO ERA L R E SE R V E BANK O f S T . A P R IL 2 3 , 1982 LO U IS PRODUCER PRICE INDEX, fIN IS H E D GOOOS - SEASONALLY ADJUSTED* __________________ COMPOUNDED ANNUAL RATES OF CHANGE__________________ 1967 - 100 IN IT IA L MONTH MONTH 6-60 9-60 10-60 11-80 12-60 1-61 2-61 2*4 10-60 7 ,6 13.1 11-60 7*6 10*7 6*3 7*1 8 ,7 6 ,5 4 ,8 1-61 6 ,6 10,2 9 ,2 9 ,7 14,9 2-61 6,6 10*1 9 ,3 9 ,7 12*2 9.6 3-61 9 ,5 10,7 10,3 10,6 12,6 11.8 14.1 4-61 9,8 10,9 10,5 11*0 12*6 11*6 13.0 9 ,0 9 ,8 6-61 8,8 7-61 8 ,4 8-61 6*0 4-61 5-61 6-61 7-61 8-61 9-61 10-61 11-81 12-61 1-62 2-62 255*1 12-60 5-61 3-61 252,5 9-60 256*8 9 ,4 9 ,6 9 ,5 9 ,1 9 ,0 8 ,6 6*5 8*0 ¿5 7 ,8 260,8 262,8 265,7 266,2 11.9 268,8 2 ,7 10*5 9,5 9 .4 7.2 9 ,2 9*9 9 .0 6 .6 7,1 4 ,6 6 .9 8 ,6 9,1 6.2 7 .9 6.5 4 ,7 5 .7 8*0 8*4 7.5 7*2 5.9 4 .4 5 .0 270,3 4 ,5 4*1 271,3 3 .6 272,1 9-61 7 ,5 8 ,0 7 ,5 7*4 7*7 6 .9 6 ,5 5,3 4 .0 4 .3 3*4 2 ,9 2*2 10-61 7*5 7*9 7*5 7*4 7*7 6 .9 6 .6 5.5 4 .5 4 .9 4 ,4 4 ,3 4.7 7 ,3 11-61 7 ,4 7*8 7*4 7*3 7*5 6.6 6 .5 5*6 4 .7 5 .0 4*7 4*7 5*1 6 .6 5*6 12-61 7 *; 7*4 7*0 6 ,9 7.1 6 .4 6 .1 5*3 4 .5 4 .7 4*3 4*3 4*5 5.2 4 .2 2 .6 1-62 7 ,0 7*3 6*9 6*8 7*0 6 ,3 6 .0 5*3 4 .5 4 ,8 4*5 4*5 4,6 5 .3 4 ,6 4 ,0 5 ,3 2-62 6 ,5 6*7 6*3 6 ,2 6*3 5.7 5 .4 4 .6 3 .9 4 ,0 3*7 3*6 3.6 3 .6 _ 3 .0 2 .0 1*6 - 1 .7 3-62 6 ,0 6*2 5 ,9 5 ,7 5,6 5.1 4 .8 4,1 3 .4 3 ,4 3*1 2*9 2,6 2 .9 2 .0 1*1 0*6 -1 ,7 - 1 ,7 9-60 10-60 11-80 12-60 1-61 2-61 3-61 4-61 5-61 6-61 7-61 6-61 9-61 10-61 11-61 12-61 1-62 2-62 8-80 272,6 274*2 275*5 276,1 277*3 276*9 276*5 IN IT IA L MONTH »DATA FOR FOUR MONTHS AGO REVISED TO REFLECT LATE REPORTING________________ P R E P A R E D B Y F E O E R A L R E S E R V E BAt* O F ST, LOUIS A P R I L 9» ( 9 6 2 4 RATIu SCALE PRICES *ATI0 SCALE CPI-U FOR ALL URBAN CONSUMERS PERCENTAGES ARE ANNUAL RATES OF CHANGE FOR PERIODS INDICATED LATEST DATA PLOTTED: MARCH PREPARED BY FEDERAL RESERVE BANK OF < . LOUIS r a t i o sc ale 1967-100 PRODUCER PRICES i AT I 0 SEASONALLY ADJUSTED S CAL E . 1967-100 PERCENTAGES ARE ANNUAL RATES OF CHANGE FOR PERIODS INDI CAT EC LATEST DATA PLOTTED: MARCH PREPARED 5 BY FED ERAL R ESER V E BANK OF ! LOUI P R O D U C E R P R I C E INDEX» F I N I S H E D C O N S U M E R F O O D S - S E A S O N A L L Y A D J U S T E D * _________________ C O H P Q U N O E D A N N U A L R A T E S OF C H A N G E _________________________ 196 f * 100 IN IT IA L MONTH TERMINAL 8-80 9-80 10-80 11—80 12-80 1-81 2-81 3-81 4-81 5-81 6—8 1 7-81 8-81 9-81 10-81 11-81 12-81 1-82 2-82 246.9 9-80 0 .0 lo-eo 4 .7 9 .6 11-80 4 .3 6 .5 12-eo 2.8 3.8 1.0 - 1 .4 1-81 3 .7 4 .7 3 .1 2 .9 ¿-61 2 .9 3 .4 1*9 3—81 3.8 4 .4 3 .4 4-81 3.5 4 .1 3.2 5-81 3.5 3 .9 3.1 6-81 3 .7 4 .1 7-81 4 .3 4 .7 0-61 4 .0 4 .4 9-81 3.2 248,. <L 3 .4 249. <: 7.5 2£Q.7 1.5 2.9 ¿¡>0*4 3 .4 5*1 3.9 9.5 3 .1 4.3 3.2 5.6 1.9 3 .1 4.0 3 .1 4 .7 2.4 3.5 3 .5 4.3 3 .7 5.0 3.5 4 .4 5.8 4 .2 4 .3 5.1 4.8 6.0 5.2 6 .3 8.1 10.4 3 .9 3 .9 4.6 4 .2 5.2 4*3 4 .9 5.6 5 .5 0 .9 3 .5 2 .9 2 .9 3.4 2.9 3 .5 2 .6 2 .7 2.6 1 .6 -2 .5 -5.9 - 1 .4 2i>2.3 252 .7 253.3 2 .9 ¿5 6 .6 256.8 255.5 2 55.0 10-81 2.8 3 .0 2 .5 2 .4 2.8 2.3 2.8 1.8 1.8 1.6 0 .6 -2 .5 —4*1 - 2 .3 11-81 2.0 2.2 1.6 1.3 1.8 1.2 1.5 0.5 0 .3 -0*1 -1 .2 -3 .9 -5.5 - 5 .3 -8 .1 12-81 1.9 2.0 1.5 1.3 1.6 1.0 1.3 0.4 0 .2 -0 .1 -1 .1 -3.2 -4.3 - 3 .7 - 4 .4 -0 .5 253.2 253. 1 255. V 1-82 2 .6 2 .7 2 .3 2 .2 2.5 2.1 2 .4 1.7 1.7 1.5 0 .9 -0 .5 -0.8 0 .5 1.4 6 .6 14.1 2-82 2 .7 2 .9 2.5 2 .4 2.7 2.4 2*7 2 .1 2 .1 2.0 1 .5 0 .3 0.2 1.5 2 .5 6 .3 9 .9 5.8 3-82 2 .5 2.6 2.2 2 .2 2.4 2 .0 2.3 1.7 1.7 1.6 1 .2 0 .1 -0.1 0 .9 1.6 4 .2 5.8 1.9 - 1 .9 9-80 10-80 11-80 12-GO 1-81 2-81 3-81 4-81 5-81 6-81 7-81 8-81 9-81 10-81 11-81 12-81 1-82 2-82 8-80 257. 1 256 .7 IN IT IA L MONTH ♦OATA FOR FOUR MONTHS AGO REVISED TO REFLECT LATE REPORTING PROOUCER PR IC E INDEX » FIN ISH ED GOODS* EXCLUDING FOOOS - SEASONALLY AOJUSTED* COMPOUNDED ANNUAL RATES OF CHANGE 8-8 0 9-80 10-80 11-80 12-80 1-81 2-81 3-81 4-81 5-81 6-81 7-81 8-81 9-81 10-81 11-81 12-81 1-82 2-82 252.7 9-80 3 .4 10-80 8 .6 14 i l 11-80 9.2 12.2 10.3 12-80 8 .6 10.4 8.5 6 .7 1-81 10.3 12.1 11.4 12.0 17.5 12.2 15.0 12.6 2-81 1967 » 100 IN IT IA L MONTH TERMINAL MONTH 255.5 10.7 12.2 11.7 257.6 259.0 262.5 265.1 268.4 3-81 11.4 12.8 12.5 13.1 15.3 14*3 16*0 4-81 11.8 13.1 12.9 13.4 15.2 14.4 15.4 14.8 271. 5 5-81 10.7 11.7 11.3 11.5 12.5 11.3 10.8 8 .3 272.0 6-81 10.4 11.2 10.9 11.0 11.7 10.5 10. 1 8.1 5*0 7.8 7-81 9 .7 10.3 9 .9 9 .9 10.3 9.2 8.5 6 .7 4 .2 5.2 2 .7 . 9-81 9 .2 9.8 9 .3 9 .2 9.5 8 .4 7.8 6.2 4 .1 4.8 3 .3 4 .0 2.2 273.7 274.3 275.2 9-81 8 .9 9 .4 9 .0 8 .8 9.1 8.0 7 .4 6.1 4 .4 4 .9 4 .0 4 .7 5.4 10-81 9.0 9 .4 9 .0 8 .9 9.1 8 .3 7.7 6.6 5 .3 5.9 5 .5 6 .4 7*6 10*0 11—81 9.1 9 .5 9 .1 9 .0 9.3 8.5 8 .0 7.1 6*0 6 .7 6 .4 7 .4 8*5 10*2 10.4 12-81 8 .7 9 .0 8 .7 8 .6 8.7 8 .0 7.5 6*6 5*6 6.1 5 .9 6 .5 7*1 7*7 6 .6 3 .0 1-62 8 .4 8 .7 8 .3 8 .2 8.3 7.6 7.1 6*3 5*4 5.8 5 .5 6 .0 6*4 6*7 5.6 3*2 3 .5 2-82 7 .7 7 .9 7.5 7 .4 7.4 6 .7 6*2 5.3 4*4 4 .7 4 .3 4 .5 4.6 4*5 3 .2 0 .9 -0.2 -3 .8 3-62 7.1 7 .4 7 .0 6 .8 6*8 6*0 5 .6 4*7 3*9 4 .0 3*6 3 .7 3.7 3*4 2 .2 0 .2 -0 .7 -2 .7 -1 .7 9-80 10-80 11-80 12-80 1-81 2-81 3-81 4-81 5-81 6-81 7-81 8-81 9-81 10-81 11-81 12-81 1-82 2-82 8-80 276.4 278.6 280.9 281.6 282 .4 281.5 281.1 IN IT IA L MONTH »DATA FOR FOUR MONTHS AGO REVISED TO REFLECT LATE REPORTING______________ P R E P A R E D 8V F E D E R A L R E S E R V E BA N K O F ST. LOUIS A P R I L 9, 1982 6 INDUSTRIAL RATIO PRODUCTION SCALE RATIO 1967-100 SEASONALLY 1974 1975 1976 1977 1978 1967-100 1979 PERCENTAGES ARE ANNUAL RATES OF CHANGE FOR PERIODS LATEST DATA PLOTTED« SCALE ADJUSTED 1980 1981 1982 INDICATED. MARCH PRELIMINARY PREPARED BY FEDERAL RESERVE BANK OF ST. IN D U S T R IA L ___________ COMPOUNDED T E R M IN A L _ _ _ _ _ _ _ _ PRODUCTION ANNUAL RATES IN IT IA L LOUIS OF C H A N G E ______________ M ON TH_____________ ____________________________________________________ ___________ ______ 1967 « 100 MONTH ____________8 - 8 0 9-80 10-80 11-80 12-80 1-81 2-81 3-81 4-81 5-81 6-91 7-81 8-81 9-81 10-61 11-61 12-81 1-82 2-62 144*4 . 20tl_. 146*6 10-80 . 2Qil_ 19.9 11-60 21.2 21*7 23.5 12-80 18.3 17.7 16.6 10.1 1-61 16.2 15*3 13.8 9.2 8.3 2-61 14.0 12.7 11.0 7.2 5.7 3.2 ■ - 149*2 ------ 150*4 151*4 — 3-61 12.2 10.9 9.2 5.9 4.6 2.8 2.4 4-61 10*4 9.1 7.4 4.4 3.0 1.3 0.4 152*1 151*9 -1.6 5-61 10,0 8.7 7*2 4.7 3.7 2.6 2.4 2.4 6*5 6-61 9.1 7*9 6*5 4.3 3.4 2*4 2.2 2.1 4.0 1*6 7-61 9*0 7*9 6.7 4.8 4.0 3.3 3.4 3.6 5.4 4.8 8.1 8-61 8*0 7.0 5*8 4.0 3.2 2.5 2*4 2.4 3.4 2.4 2*8 152*9 153*9 153.6 -2.3 6*1 5*0 3.7 1.9 1*1 0.2 -0.2 -0.7 -0.5 -2.1 -3.4 -8.6 -14*6 4*1 3*0 1.7 -0.1 -1.0 -2.0 -2.7 -3.4 -3.7 -5.6 -7.3 -11.9 -16*3 -18.1 11-61 2*3 1 *1 -0*2 -1.9 1 151.6 9-61 -10.0 -14.1 -17.7 -19.2 -20.3 12-61 0*6 -0.6 -1.9 -3.6 -4.7 1-62 -0.8 -2.0 -3.3 -5.0 -6.0 -1.0 -2.2 -3.7 -0.4 -1 .5 -2.6 -4.0 8-80 9-80 149.1 -5.7 —6.2 -5.8 -6.6 -7.6 -8.3 -10.2 -12*0 -15.6 -18.6 -19.9 -20.9 -21.4 -7.1 -8.0 -9.0 -9.8 -11.6 -13*4 -16.5 -19.1 <M 0g e 1 146.3 -4.8 -20.9 -21.2 -21.1 -4.6 -5.6 -6.3 -7.0 -7.5 -9.0 -10.2 -12.6 -14.2 -14.1 -13.1 -10.5 -4.5 15.5 —4 . 9 -5 .8 —6.5 -7.2 -7.7 -9.0 -10.1 -12.1 -13.4 -13.2 -12.2 -10.1 -6.0 2.6 -8.9 10 -8 0 11 -60 1 2 - 8 0 1-81 2-81 3-81 4-81 5-81 6-81 7-81 8-81 9-81 10-81 11-81 12-81 1-82 2-62 0 3-62 0 *Q_ 152*7 -------- 10-61 2-62 151*6 -- -4*0 -8.2 IN IT IA L 143.4 140.6 1 4 2 . 3P 1 4 1 . 2P M O N TH P- PRELIMINARY P R E P A R E D BY F E O E R A L R E S E R V E A P R I L 15» 1 9 6 2 7 B A N K OF ST. L O U I S PERSONAL R A T 10 S C A L L TR I L L I O N S INCOME MONTHLY TOTALS AT ANNUAL RATES OF DOLLARS RATIO TRILLIONS SEASONALLY ADJ USTED OF SCALE. DOLLARS 2 7 2 6 2 5 2 L 2 2 2 2 SOURCE: PERCENTAGES ARE ANNUAL RATES OF CHANGE FOR PERIODS '.ATEST DATA PLOTTEOt U.S. DEPARTMENT OF COMMERCE INDICATED. MARCH PRELIMINARY PREPARED BY FEDERAL RESERVE BANK OF < IOUI: PERSONAL INCOME COMPOUNDEO ANNUAL RATES OF CHANGE BILLIONS TJF DOLLARS IN IT IA L HONTH 16.7 2»234.3 10-80 16.1 11-80 15,1 15.0 13.3 12-80 14.0 13.5 11.9 10.6 1-61 13.9 13.5 12.4 2-81 13.1 12.7 11.7 11.2 11.5 3-81 13.0 11.8 11.4 11.7 4-81 12.2 11.8 11.0 10.5 10.5 12.6 _ 2»257.6 12.0 2 »276.6 ____ 2»300.7 13.5 5-81 11.7 11.2 10.4 10.0 9.8 6-81 11.4 10.9 10.2 9 .8 9 .7 7-81 12.1 11.7 11.2 10.9 2»318.2 9 .5 ____________ 10.8 9 .6 2 ,3 4 0 .4 12.1 9 .6 2 , 353.8 7.1 2*367.4 9 .0 8 .8 7.1 8 .9 8.8 7 .7 8 .0 7.2_ 8 .9 _ 2» 384 .3 11.0 10.6 10.8 10.4 11.6 13.9 19.0 2»419.2 12.1 11. 11.3 11.1 11.2 10.9 11.1 10.9 11.9 13.5 15.8 12.7 11.9 11.6 11.2 11.0 11.0 10.7 10.9 10.7 11.5 12.6 13.8 11.3 10-81 11.5 11.2 10.8 10.6 10.6 10.2 10.3 10.1 10.6 11.3 11.9 11-81 11.3 11.0 10.6 10.4 10.4 10.1 10.1 9 .9 10.3 10.8 11.2 12-81 10.6 10.3 9.8 9 .5 9.5 9 .1 9.1 8 .7 9 .2 9 .2 1-82 10.1 9.8 9 .4 9.1 9 .0 8.6 8.5 8.2 8.3 8 .5 8 .4 6 .7 5 .5 2-82 10.0 9 .7 9 .3 9 .0 8 .9 8 .5 8.5 8.1 8.2 8 .4 8 .3 6 .8 3-82 9 .7 9 .4 9 .0 8 .8 8 .6 8 .3 8 .2 7.9 8 .0 8 .0 7 .9 6 .6 8-81 2 »462.6 8 .1 9 .4 2»475.2 6 .3 7 .5 6.1 2»492 .4 8 .7 2 »492.0 4.1 -0.2 4 .5 3.9 1.6 3 .4 5 .9 5.1 4 .8 3 .6 5.5 7 .6 _________ 2»514.3 5.8 5.1 4 .9 4 .0 5 .4 6 .4 5.1 2 * 5 2 4 .S P ~F^<5— ^ÔÔ 1ÔHÜÔ ïl-ÔÔ 12-éô— 1=51— 2=51— 5=51— 5=51— 5=51— 5=51— 7=51— 5=51— * = B 1 10-81 11-81 12-81— 1=52 2-52 2 »499.0 --------------------------------------------------------------- I N n m -p40NTH----------------------------------------------------------FmiHTNIRV PffEPÏKEÔ“ BV FEDERAL RESERVE BANK OF S T . LOUIS A P R IL 8 20» 1982 RETAIL RATIO SALES* SCALE BILLIONS RATIO OF DOLLARS SEASONALLY ADJ USTED BILLIONS SOURCE: U.S. PERCENTAGES ARE ANNUAL LATEST OATA PLOTTEDs * REVISED FROM RATES OF CHAN6E FOR PERIODS FEBRUARY, SCALE OF DOLLARS DEPARTMENT OF COMMERCE INDICATED. MARCH ADVANCE ESTIMATE 1978. PREPARED BY FEDERAL RESERVE BANK OF S . LOUIS R ET A IL SALES* CQHPOUNOED ANNUAL RATES Of CHANGE _________ TERMINAL _________ ____ . M ONTH _ IN IT IA L MONTH _ ___________ _ _ _ _ _ _ _ MILLIO NS OF DO LLARS ___________ ... 11-90 1**90___l~ 9 l 2-91 3-61 4-91 5-61 6-61 7-61___8-91 9-91 10-61 11-61 12-61 1-62 2-92_____________ 10,0 9 0 ,0 2 6 10-90 U tl . 2 1 *3 11-90 1 5 .2 1 7 .9 1 4 .5 12-90 1 3 .7 1 4 .9 11.6 1-91 1 4 .9 1 6 .1 1 4 .4 1 4 .3 1 9 .7 2-91 1 5 .2 1 6 .2 1 5 .0 1 5 .1 1 9 .2 1 6 .9 3-91 1 5 .0 1 5 .9 1 4 .9 1 4 .8 1 6 .8 1 5 .3 1 3 .9 4-91 1 3 .3 1 3 .7 5-91 1 1 .9 6 —9 1 12 7-91 1 0 .9 12.1 10.2 12.1 11.2 10.8 11.0 11.0 1 0 .9 9-91 8 6 ,1 2 9 1 2 .9 1 0 .7 7 .7 1 0 .9 1 0 .5 5 .6 1.6 1 .4 9 .4 7 .6 5 .6 7 .4 4 .1 4 .9 6.6 1 2 .3 9 .3 1 0 .9 9 .9 9 .4 9 .4 6.0 6 8.0 9 .9 9 .7 9 .7 9 .2 9 .1 6 .7 1 0 - 9 1 .. 7 *5 7 .3 6 .3 5 .5 5 .2 3 .7 11-91 7 ,3 7 .1 6.1 5 .5 5 .1 3 .« _A £ _ - 9 1 6 .7 6 .5 5 ,5 4 .9 4 .5 3 .2 1 .9 _ J,- 9 _ 2 _ 5 .2 4 *9 3 .9 3 .2 2 .7 1 .4 0.2 2-92 6 .9 6.6 5 .7 5 .1 4 .9 3 .9 2 .9 3-92 6.1 5 .9 5 .0 4 .4 4 .1 3 .1 9 .4 9-90 10-90 11-90 12-60 7 .7 1-91 9 5 ,2 0 1 - 1 2 .5 ♦REVISED FROM 1976 P- PRELIMINARY E- ESTIMATED 9 2 ,2 4 9 ----- 9 4 ,1 0 4 9 .9 9-9 0 ----- 9 2 ,9 5 5 • CO . 1 ---9 .2 1 .9 9 6 ,2 6 3 — 9 7 ,2 9 9 - 0 .1 9 7 *2 9 2 . 6 5 .2 6.0 7 .6 4 .6 9 .6 5 .3 4 .0 4 .4 5 .2 2 .4 3 .7 - 1 .9 0 .3 0.1 - 3 .0 - 4 .0 - 1 0 .1 - 1 7 .7 0 .9 0 .9 - 1 .5 - 1 .9 - 5 .5 - 7 .2 2.1 0.6 1.1 2 .4 9 7 ,9 6 1 9 7 .9 2 3 9 6 ,4 1 3 9 6 .7 3 3 4 .5 1.1 0 .7 0 .5 0 .4 - 1 .7 - 2 .0 - 4 .7 - 5 .6 - 1 .1 - 1 .5 - 1 .8 - 3 .9 - 4 .5 - 7 .1 - 9 .3 - 5 .0 - 9 .4 - 1 6 .0 1 .9 0 .5 - 0 .9 - 0 .7 4 .1 3 .9 7 .1 3 6 .7 1. 1 -0 .2 -0 .2 -1.5 -1 .5 2 .1 1 .5 2 .8 13.7 -5 .5 6-91 7-91 9-91 9-91 10-91 11-91 12-91 1-92 2-92 1.8 2.1 1.2 1.1 2-91 9 6 ,3 6 1 — 1 3 .6 1 .9 3-91 4-91 5-91 0.6 - 2 .2 9 6 ,> 7 2 9 5 ,3 2 0 9 7 .5 7 4 P 9 7 ,1 6 4 t IN IT IA L MONTH ______________________________________________________________ PREPARED BY FEDERAL RESERVE BANK OF S T . LOUIS A P R IL 13, 1992 9 HOURLY COMPENSATION, TERMINAL ____ _ PRIVATE BUSINESS SECTOR I N I T I A L Q U A R T E R ________ _ — QUARTER 1-77 2-77 2-77 3-77 4-77 1-78 3-78 2-78 1-79 4-78 2-79 3-79 4-79 1-80 2-80 3-80 4-80 3~81_ 2-6 1-81 9 8 .9 7 .6 1 0 0 .9 3-77 8 .0 8 .3 4-77 7 .6 7 .6 6 ,9 1-76 8 .1 8 .3 8 .3 9 .7 2 - 76 8 .2 8 .3 8 .3 9 .0 8 .2 3-76 8 .3 6 .4 8 .4 8 .9 6 .6 8 .9 4-78 8 .4 8 .6 8 .6 9 .1 8 .9 9 .2 9 .5 1 -79 8 .8 9 .0 9 .1 9 .6 9 .5 1 0 .0 1 0 .5 1 1 .6 2-79 9 .1 9*3 9 ,4 9 .8 9 ,9 10*3 1 0 .7 1 1 ,4 11*2 3 - 79 9 *1 9 .3 9 .4 9 .7 9 ,7 1 0 ,0 IQ .X I0**> IQt? ... 1 0 5 .0 1 1 1 .9 1 1 3 .0 M à i! 1 2 0 .7 ?*1 _. 4-79 9 .0 9 .2 9 ,3 9 .6 9 ,6 9 .8 1 0 .0 1 0 .1 9 .6 8 .8 8 .5 l- e c 9 .2 9 .3 9 .4 9 .7 9*7 9 .9 10*1 1 0 .2 9 .9 9 .5 9 .7 1 0 .8 2-80 9 .4 9 .6 9 .7 1 0 .0 1 0 .0 10*2 1 0 .4 1 0 .6 1 0 .4 _ 10. 2 1 0 .5 1 1 ,5 13(ul 12*2 3 - 80 9 .4 9 .6 9 ,7 9 .9 1 0 .0 1 0 *1 10*3 1 0 .4 1 0 .2 1 0 .0 1 0 .3 1 0 .9 1 0 .9 9 .5 4-80 9 .4 9 .5 9.6 9 .8 9.8 1 0 .0 1 0 .1 1 0 .2 1 0 .0 9 .8 1 0 .0 1 0 .3 1 0 .1 9 .1 8 .7 1-81 9 .5 9 .7 9 .8 1 0 ,0 1 0 .0 1 0 .2 1 0 .3 1 0 .4 1 0 .3 1 0 .1 1 0 .3 1 0 .6 1 0 .6 1 0 .1 1 0 .3 1 2 ,0 2-81 9.6 9 .7 9 .8 1 0 .0 1 0 .0 10*2 1 0 .3 10*4 1 0 .3 1 0 .2 1 0 .3 1 0 .6 1 0 .6 1 0 .1 LO . 3 1 1 *2 10.-4. 3-ai 9.6 9 .7 9 .8 1 0 .0 1 0*0 1 0 .1 1 0 .2 1 0 .3 1 0 .2 1 0 .1 1 0 .2 1 0 .4 10 *3 1 0 .0 1 0 .1 1 0 .5 9.8 9 .2 4-8 1 9 .4 9 .5 9 .5 9 .7 9 .7 9 .8 9 .9 9 *9 9 .7 9 .6 9 .6 9 .8 9 .6 9 .2 9 .2 9 .3 8 .4 7 .4 5 *6 1-7 7 2-77 *-77 4-77 1-78 2-78 3-78 4-78 1-79 2-79 3-79 4-79 1-80 2-60 3-60 4-80 1-61 2-61 3-61 IN IT IA L O UTPUT _______ PER HOUR J W U N A W ___ Q UARTER _____________ I z 2-77 i- IZ ALL li - ¿- 1 2 - 3=71- ___ i ± Z S ___ ¿~7.fi___ ¿ r 7 8_ . 122* 1 _. 1 3 9 *0 ... 143. 3 .. 1 4 6 .5 - 1 A 9 .5 Q UARTER PERSO NS, ANNUAL P R IV A T E RATES OF B U S IN E S S SEC TO R CHANGE _ Q U A R T E R _____ ____________________________________________________________ _L9 / 7 IN IT IA L ___ l z 2 2 ___ ¿ - 7 9 3-79 4-79 1-80___ 2 - 8 0 3-80 4-60 * 1QQ 1-81___ ¿- ß l ___ â z S l ___ _______________ - 0 .4 9 9 .4 ¿ * 4 _____> .3 ______________________________________________________________________________________________________________________________________________________ 1 0 0 .7 —^ =77______ 0*1_____ l ,<? 1-78 OF ___________________ O J H P W N P f c D . 1 2 3 .2 1 2 *^ 0 .1 0 .3 - 2 t P_____________ _____ - 2 .2 _____________________________________________________________________________ - 2 .4 _______ _____________ I O Q j J L _ 9 9 .6 - g r ? B ______ O l i ____ 0 ^ ___ - L t l ___ =0 jl 6_____ 1 ,2 _____________________________________________________________________________________________________________________________ __________________ V 9 ^ v __ - I z Z S ______ ^ 4-76 0 .2 ____ C . 5 - 0 ,7 - 0 t3 0 ,8 0 , 4 _____________________________________________________________________________________________________________________________________ 19 9 *4.. 0 .3 - 0 .6 - 0 .3 0 .4 0 .0 - 0 .4 9 9 .9 1- 7 9 0 .1 0 .2 - 0 .7 - 0 .4 0 .1 - 0 .3 - 0 .6 - 0 .8 2-79 0 .1 0 .2 - 0 .6 - 0 .3 0 .1 - 0 .2 - 0 .4 - 0 .4 3-79 - 0 .0 0 .0 - 0 .6 - 0 .5 - 0 .1 - 0 .4 - 0 .6 - 0 .7 4-79 - 0 .1 - 0 .1 - 0 .7 - 0 .6 - 0 .3 - 0 .5 - 0 .7 - 0 .8 - 0 .8 - 1 .2 A * 5-- - t i t ? . - Q t l ___ _________ - 0 , 3 - 0 ,3 - 0 ,2 - 0 .3 0 ,2 - Q ,5 - 0 ,5 - 0 ,6 - 0 ,4 Q±£____ V t-2 -¿--SO _____- Q « l ___ = & * ! ___ - 0 * 6 ___ - 0 , 4 - J - S P _____- 0 ^ 0 ____ _______ —Q14___ ~ V * 3 - 0 ,2 - 0 .4 - 0 ,5 - 0 , 1 ___ ~Q*Z___ - 0 , 3 . - ÌL - J& _____rO -j.1___ z f i t J . ___ r S U S ___ ~ t t t 4 ___ r W 9 9 .7 0 . 0 ____________ _______________________________________________________________________ 9 9 . 7 - 0 .6 - 1 .2 9 9 .4 - 1 * 2 _________________________________________________________________ 9 9 . 1 ~ Q* 3___ -Q-,2___ - 0 . 2 -1*6 9 9 .1 0 .0 Q *4 - 0 , 2 _____ U 2 _____________________________________ 9 9 . 4 - 0 .4 - 0 .2 Q .Q - 0 . 5 _____ QjlQ___ rA ± i ____________ _______________9 9 ,1 ^ _____0 . 3 _____Q . 3 0 .6 1 ,0 ___ r O t 3 ___ _________ -Q*± ___ - 0 . 3 - 1--91______ 0 ^2_____t ^ 2 ___ - O t l _____0 , 0 ____ 0 , 2 _____ 0 . 1 _____ 0 . 1 _____0 1 , 6 ________________________ ________________________ _______ 9 9 , 5 Q ,Q 0 *8 _____ LtA_____ U * 4*9 4 .3 1 0 0 .3 -2 = M ______ O ^ t____ ____________________________ 0*1_____ _________ 0 , 4 _____ 0*5_____ 0*1 _____Q .7 1 .0 1 .4 i « 4 _____ Z±1_____ 2 * 4 -3 - V 1______ 0±2____ 0*Jt____ Sl*£ _____0*2 _____0*h_____ 0*2_____0*2 _____ 0*A____ 0*1 _____P . 5 0 .8 1 .0 0*9 - O f i ___ r O . 2 ___ - 0 , 2 ___ -O ^g___ ~0 , 2___ “ 0 , 2 - o .l 0 ,1 - 0 .2 0*1 - Q ,2 0*1 1-78 3-79 4-79 1-80 2-80 3-60 4-80 - ± ~ n _____ - 0 ^ 1 ___ —O f Q___ - 0 . 4 ___ - 0 , 3 1-77 2-77 3-77 4-77 2-78 3-78 4-78 1-79 2-79 IN IT IA L 1 *5 3 .6 1*3 1 0 1 .2 2*4 1 *2 - 1 .5 1 - 81 - 1 . 2 1 0 0 .9 - 3 ,9 2-81 - 6 .6 99*2 3-tì 1 Q UARTER P R E P A R E D BY F E D E R A L R E S E R V E BANK OF ST* LOUIS 10 _ P RODUCTIVI TY, R A T I0 S C A L F 1977-100 COMPENSATION, AND LABOR COSTS R A T I0 S C A L E 197 7 - 1 0 0 SEASONALLY ADJUSTED DEPARTMENT OF LABOR SOURCE: PERCENTAGES ARE ANNUAL RATES OF CHANGE FOR PERIODS INDICATED. LATEST DATA PLOTTED: 4TH QUARTER PREPARED BY FEDERAL RESERVE BANK OF « UNIT LABOR COSTS* PRIVATE BU SIN ESS SECTOR ______ CQHPQUNOEU ANNUAL RATES OF CHANGE________ _________ _____________________ S M A R T S ____________________ QUARTER . 1-77. 2 -7 7 3=71 2-77 7,6 3-77 ¡>♦2 2,8 4-77 . fr*i> 5.9 it i 4-7 7 1-78 2 -7 8 3- 7 8 4-78 1 -7 9 2-79 3 -7 9 4-79 2-8 0 3-60 4 -8 0 1 -8 1 2-61 * 100 3-81 9 9 .5 100 .2 10 2,4 1-7 8 7.9 8,0 10 .6 1 2 .2 2-78 7*8 7.8 9.6 9 .8 7.4 __ 3 “ IB -.7*8—_ 7 » ? 9 .2 9.2 7 .7 4-78 0.2 8.3 9.4 9.5 6.6 9.1 10 .2 1-79 8.7 8.0 9 .9 10.0 9.5 10 .2 11 .3 12.3 2-79 9,0 9.1 10 .1 10 .2 9*8 10.4 11,2 11*7 11*2 3-79 9 .1 9.2 10 .1 10 .2 9.9 1 0 .4 11.0 11 .2 10.7 10, 2 4-7 9 9 .2 9.3 10 .1 1 0 .2 9.9 10.3 10 .8 1 0 .9 10.4 10 .0 9 .9 1-8 0 9 ,L _ 9 .3 9.9 . lt ì, 0 9«fi 10 ,1 -IO .5 .1 0 , 5 10,1 9 ,7 9 .4 9 .0 JLt .QÜ_____ 9^5____2x l __ 10*3___10»?__ 10*3___10.fr___L U O ___11,1 10.9 10.8 11.0 11.6 14.2 3-8Q_____ ^ 10.7 10.4 10.3 10.3 10.4 11.2 -9 ,5 __________ U M ___I Q . 2__ 1Û-JÛ___ lû * 3 __________ 10.6 10 .3 10.2 10.2__ 10.3 10.7 9 .7 ___ S1*1___ 9*6 9,8 4 - f iQ 1977 __ ___________ 1-80 10 5, 4 10 7, 3 8.1 109 .4 ___________ÌS U 1___10.2__ 10*0__________ 10.6 112 .1 1-£L 9 .3 ____9*4____9 a9___lQ^Q___ 5Lr8___10 .0 ___10.2 2-81 9 * 1 ____ 9_.2____ 9 *2 ____ 9 ^ 7 ____ 9*2 3 - f il 9 , 2 ____2 * 3 ____ 9 x 1 ____ 9 *3 ____2*6 ____ 2*J8____ 2* 2 ____ 9 . 9 9^ 1 10.2 11 3. 4 9 ,9 9 * 8 ____ 9*& ____ 9 . 5 9.6 11 8,5 1 2 1, 4 12 4. 3 9 .3 9 . 2 ____9 * 1 9.5 9.4 9.3 U O , i ____ Î * S ____ 2 * Ji____ 9 , B_ 1-77 2— 77 3-77 4-77 1-78 2-78 3-78 4-78 1-79 2-79 IN IT IA L 3-79 4-79 .127.0 J9 * l 137« 1 .8*3____ a . 4 7 , 8 ____ 1*1 ____ 6 . 7 9 . 3____ 8 . 4 8.4 _ 2*2____ 9*1^ 9 ,3 1~90 6 .9 2-80 3-60 _ 6 ,5 _ 14 1 , 6 8 . 0 ____ ______ Ltt*6_ 1 4 5 ,2 _ 2 * 2 ___1 0 ,0 ___L U £ ___1 3 . Q 4-80 1-61 2-81 1 4 9 .7 3-61 Q U AR TER P R E P A R E D B Y F E D E R A L R E S E R V E BANK O F ST. LOUIS M A R C H 2. 19* ? 11 G R O S S N A T I O N A L P R O D U C T IN C U R R E N T D O L L A R S IN IT IA L T E R M IN A L QUARTER 2-77 3-77 4-77 1-78 2-70 3-77 _ . 1-79 2-79 4-79 3-79 1-80 2-60 3-80 4-60 1-81 2-61 3-61 4-6 1 1 ,9 5 0 .4 *-7 7 1 0 *3 1-78 9 .9 2-7© 3-76 1 ,9 6 6 .6 0 t_ l_ 0 .6 9 .1 1 2 .4 1 2 .4 1 4 .7 20. 5 1 2 .3 1 2 .3 1 3 .0 1 6 .2 1 1 .9 4-78 1 2 .9 1 3 .0 1 4 .2 1 6 .0 1 3 .0 1 5 .7 1-79 1 2 .9 1 2 .9 1 3 .9 1 5 .2 1 3 .4 1 4 .2 2-79 1 2 .0 1 1 .9 1 2 .6 1 3 .3 1 1 .5 1 1 .4 9 .2 5 .9 3-79 1 2 .0 1 1 .9 1 2 .5 1 3 .1 1 1 .6 1 1 .6 1 0 .2 9 .0 1 2 .2 4-79 1 1 .7 1 1 .6 1 2 .0 1 2 .5 1 1 .2 1 1 .0 9 .9 9 .0 1 0 .5 U .2 2 ,0 3 2 .4 2 .1 2 9 .6 2 ,1 9 0 .5 2 .2 7 1 .9 1 2 .7 2 ,3 4 0 .6 1-00 1 1 .0 1 1 .7 1 2 .1 1 2 .5 1 1 .4 1 1 .3 1 0 .4 9 .9 2-00 1 0 .6 1 0 .5 1 0 .7 1 0 .9 9 ,7 9 .4 0 .4 7 .6 3-00 1 0 .7 1 0 .6 1 0 .0 1 1 .0 1 0 .0 9 .7 0 .9 6 .3 2 ,3 7 4 .6 2 ,4 4 4 .1 0 .0 2 ,4 9 6 .3 1 0 .7 1 2 .6 6 .6 5 .6 8 .8 7 .9 7 .6 5 .2 1 1 .8 9 .3 9 .4 0 .3 1 3 .3 1 4 .9 10 *9 1 5 *3 1 7 *0 1 9 *2 8 .0 2 ,5 7 1 .7 - 1 .1 2 * 5 6 4 .0 2 ,6 3 7 .3 1 1 ,0 1 0 .9 1 1 .1 1 1 .3 1 0 .5 1 0 .3 9 .6 9 .2 9 .8 1-81 1 1 .5 1 1 .5 1 1 .7 1 2 .0 1 1 .2 1 1 .1 1 0 .7 1 Ot 4 1 1 .1 1 0 .9 1 1 .3 2-01 1 1 .1 1 1 .0 1 1 .2 1 1 .4 1 0 .7 1 0 .5 1 0 .0 9 .6 1 0 .2 1 0 .0 10. 1 9 .7 1 2 .5 1 2 .8 1 1 .7 4 .7 3-01 11. 1 1 1 .0 1 1 .2 1 1 .4 1 0 .7 1 0 .6 1 0 .2 9 .9 1 0 .4 1 0 .1 10. 3 1 0 .0 1 2 .3 1 2 .4 11 *6 6 .0 1 1 .4 4-01 1 0 .7 1 0 .6 1 0 .0 1 0 .9 1 0 .3 1 0 .1 9 .7 9 .4 9 .8 9. 5 9 .6 9 .2 1 1 .0 1 0 .8 9 .8 6 .8 7 .9 4 *6 1-02 10. 1 1 0 .0 1 0 .1 1 0 .2 9 .5 9 .4 6 .9 6 .6 8 .0 8. 5 0 .4 7 .9 9 .3 8 .9 7 .7 5 .0 5 .1 2 .0 - 0 .4 2-77 3-77 4-77 1-70 2-7Q 3-70 4-76 1-79 2-79 3-7 9 4-79 1-00 2-60 3-60 4-60 1-81 2-81 3-61 4-61 _ 4-BO _ 4-76 3-70 B IL L IO N S O F D O LLA RS ANNUAL R A T ES Q UARTER IN IT IA L 2 .7 3 0 .6 2 * 0 5 3 .0 2 .0 0 5 * 0 2 .9 6 5 * 0 2 .9 9 0 * 3 2 » 99t>. 1 P Q U A R T fcR P R E L IM IN A R Y G R O S S N A T IO N A L P R O D U C T I N C O M PO U N D ED A N N U A L R A T E S T E R M IN A L IN IT IA L 1972 D O LLA R S OF C H A N G E B IL L IO N S OF D O LLARS ANNUAL R A T ES Q UARTER Q UARTER 3-77 2-77 6 .7 4 —7 7 4 .2 1 .7 3 .0 2 *4 3 .1 5 *1 4 .5 6 .0 1-76 _ 2-70 _ 1-78 2-78 3-70 4-78 1-79 2-79 5 .3 6 .4 3 .9 6 .1 4 .7 5 .4 1-79 4 .0 4 .5 5 .1 5 .5 4 .4 4 .6 2-79 4 .0 3 .6 3 .9 4 .0 2 .0 2 .5 1 .0 - 1 .7 3-79 4 .0 3 .6 3 .9 4 .0 3 .1 2 .9 2 .0 1 .1 4 .1 4-79 3 .6 3 .3 3 .5 3 .6 2 .7 2 .4 1 .7 1 .0 2 .3 1-60 3 .6 3 .3 3 .5 3 .5 2 .7 2 .5 2 .0 1 .5 2-60 ?• * 2 .0 2 .0 1 .9 1 .1 0 .7 -0. 1 - 0 .9 3-80 2 .4 2 .0 2 .1 2 .0 1 .2 0 .9 0 .2 - 0 .4 4-60 2 .5 2 .2 2 .2 2 .1 1 .5 1 .2 0 .7 0 .2 3-01 1-81 2-61 3-61 4-61 1 ,4 4 6 .7 1 ,4 6 5 .6 3 .9 1 ,4 7 9 .9 1 ,4 7 3 .4 1 ,4 8 8 .2 0 .6 1 ,4 9 0 .6 2 .6 1 .8 1 ,5 0 1 .9 - 0 .7 - 2 .2 - 3 .6 - 9 .9 - 0 .1 -1. 1 - 1 .7 - 4 .0 2 .4 0 .6 -0. 1 -0. 3 - 1 .4 3 .1 3. 1 1 ,4 6 3 .3 1 ,4 7 1 .9 1 ,4 8 5 .6 3 .8 2 *7 2 .6 2 .1 1 .9 1 .5 1 .2 1 .7 1 .3 1 .4 1 .0 4 .9 6 .1 6 .6 2 .3 2 .4 2 .3 1 .0 1 .6 1 .2 0 .9 1 .2 0 .8 0 .9 0 .5 3 .2 3 .5 3 .4 - 1 .6 2 .5 2 .3 2 .3 2 .2 1 .7 1 .6 1 .2 1 .0 1 .3 0 .9 1 .0 0 .6 2 .9 3 .0 2 .7 - 0 .1 1 *4 1*9 1 .9 1 .0 1 .3 1 .1 0 .7 0 .5 0 .7 0 .3 1.0 1 .5 1 .5 1 .4 0 .9 0 .7 0 .4 0 .1 0 .3 -0. 1 2-77 3-77 4-77 1-70 2-70 3-78 4-78 1 —7 9 2-79 3-79 . IN IT IA L P- 4-60 2 .6 4-61 1-82 3-80 1 * 4 3 2 .6 5 .3 . 2-80 1 ,4 0 2 .3 4 .4 1— 01 1-80 9 .0 4 .6 2-01 4-79 1 ,3 9 1 .5 4 .9 _ 3-7 9 1 ,3 6 5 .8 4 .9 3-78 4-70 _ 4-77 3-77 1 ,5 1 6 .4 1 ,5 1 0 .4 1 ,5 1 5 .8 0 .3 - 0 .1 1 .6 1 .4 0 .9 - 1 .6 - 1 .6 - 4 .5 - 0 .2 - 0 .6 0 .8 0 .5 -0. 1 - 2 .2 - 2 .4 - 4 .2 - 3 .9 4-79 1-00 2-60 3-80 4-6 0 1-61 2-61 3-61 4-61 1 * 4 9 8 .4 1 ,4 6 3 .6 P QUARTER P R E L IM IN A R Y P R E P A R E D B Y F E D E R A L R E S E R V E BAI*. O F ST. L O U I S A P R I L 21 * 19®2 12 GR O S S N A T I O N A L RAT 1 0 QUARTERLY SCALE TR I L L I O N S OF DOLLARS PRODUCT T O T A L S AT ANNUAL RATES SEASONALLY ADJ USTED R A T I O TRILLIONS OF SCALE 3 3 3 2 2 2 2 2 2 2 DOLLARS 3. 2 3. I 3.0 2.9 8 7 6 5 4 3 2 2 2 0 2 .9 . 8 . 7 .9 . 8 I . 7 . . 6 . 4 .3 1 . 0 1974 1975 1977 1976 1978 1979 SOURCE: PERCENTAGES ARE LATEST PLOTTED: DATA ANNUAL RATES 1ST OF QUARTE R CHANGE FOR PERIODS 1980 U.S. 1981 D E P A R T ME N T 1982 OF COMMERCE INDICATED. PRELIMINARY PREPARED BY FEDERAL RESERVE BANK OF ST. 13 LO UI S GENERAL RATIO PRICE INDEX* RAT I 0 SCALE 1972-100 1974 *AS USED SCALE I 972-100 1975 IN NATIONAL 1976 19 7 7 1978 1979 INCOME ACCOUNTS PERCENTAGES ARE ANNUAL RATES OF CHAN6E FOR PERIODS LATEST DATA PLOTTED: 1980 SOURCE: U.S. 1981 1982 DEPARTMENT OF COMMERCE INDICATED. 1ST QUARTER PRELIMINARY PREPARED BY FEDERAL RESERVE BANK OF Si. LOUIS I M P L I C I T P R I C E O t F L A T O K F U R G R O S S N A T IO N A L P R O D U C T ______________ C O M PO U N D ED A N N U A L R A T E S OF C H A N G E ________________ IN IT IA L Q UARTER 1972 « 100 Q UARTER 2-77 3-77 4-77 1-78 2-78 3 —78 4-78 1-79 2-79 3-79 4-79 4-eo 1-81 2-81 3-81 4-6 1 1 4 0 .7 5 4-77 14£t 91 6 *3 1 - 7 6 .... 5 ,8 6 *0 5 *8 2-78 7 .0 7 *5 8 *2 1 0 .6 3-7Ç 7*1 7 *6 8 *0 9 .2 7 *7 4-78 7 ,6 8 *0 8 *5 9 .4 8 *7 9 .8 144 *9 3 1 4 8 *6 3 1 5 1 .4 2 1 5 4 .9 9 1-79 7 .7 8 *1 8 *4 9 .1 8 *6 9 .1 8 *4 2-79 7 ,7 8 *0 8 *3 8 .9 8 *4 8 .7 8 *1 7 .8 3-79 7 *7 8 *0 8 *3 8 .7 8 *3 8 .5 8*0 7 .8 7 .8 7 .8 8 *0 8 .3 8 .6 8 .3 8 .4 8* 1 7 .9 8 .0 8* 1 7 .9 8 *2 8 .4 8 .7 8 *4 8 .5 8 *3 8 .3 8*4 8 .7 9 .3 2-80 8*3 8 *5 8 *8 8 *6 8 .7 8 *5 8 .6 8 *8 9 *1 9. 5 8 .7 8 *8 9 *1 9 .4 1-80 2-80 5 .4 ? “ 77 4-79 1-80 3-80 . 1 5 8 .1 6 1 6 1 .1 7 1 6 4 .2 3 1 6 7 .4 7 1 7 1 .2 3 9 .8 1 7 5 .2 8 3-80 8 ti 8 *4 8 *6 8 *9 8 *8 8 .6 8 .7 9 .5 9 .2 4 —8 0 8 ,3 8 .6 8 *8 9*0 8 .9 9 .0 8 *9 9 .0 9 *2 9 *4 9 .8 9 .9 1 0 *0 1 0 .7 1-81 8 *4 8 t6 8 *8 9 *1 8 .9 9*1 9 *0 _ 9 .1 9*2 9 *5 9 .8 9 .9 9 *9 1 0 *3 9 *8 2-81 8 .3 8 .5 8 .7 8 *9 8 .7 8 *8 8 ,7 8 .8 8*9 9 .0 9 .2 9 .2 9*0 8*9 8 .0 6 .4 . 1 7 9 .1 8 1 8 3 .8 1 1 8 8 .1 4 1 9 1 .0 6 3-81 8 .4 8 .6 8 .7 8*9 8 .8 8 *9 6 .8 8 .9 9*0 9. 1 9 .3 9 .3 9 .2 9 *2 8 .6 8 .1 9 .9 4-81 8 .4 8 ,6 8 .8 9 *0 8 .9 9*0 8 .9 8 .9 9 *0 9 .2 9 .3 9 .3 9 .2 9 *2 8 .9 8 .6 9*7 9 *5 1-82 8 .2 8 .3 8 .5 8 *6 8 .5 8 *6 8 .5 8. 5 8 *5 8 .6 8 .7 8 .6 8 .4 8 *3 7 .8 7 .3 7 *6 6 *5 3 *6 2-77 3-77 4-77 1-78 2-78 3-78 4-78 1-79 2-79 3-79 4-79 1-80 2-80 3-80 4-8 0 1-81 2-81 3-81 4 —fct 1 IN IT IA L 1 9 5 .6 1 2 0 0 .1 0 2 0 1 .8 8 P Q UARTER P R E L IM IN A R Y P R E P A R E D B Y F E D E R A L RESfcRVE B A f * O F ST. L O U I S A P R I L 2 1 , 1 902 14 PERSONAL CONSUMPTION EXPENDITURES IN CURRENT DOLLARS __________ COMPOUNDED ANNUAL RATES OF CHANGE 8 IL L IO N S OF DOLLARS IN IT I A L QUARTER QUARTER______________________________________________________________________________________________________ANNUAL RATES _____________2-77 3-77 1 0 ,9 4-77 1 1 ,8 3-77 4-77 1-78 2-78 3-76 4-76 1-79 2-79 3-79 4-79 1-80 ¿-80 3-80 1 2,8 1 - til ¿- 6 1 3-61 4-6 i __________ 1 ,2 5 4 ,3 1-78 IQ ,5 1 0 ,3 7 ,8 2 —7b 1 2 .1 1 2 .5 1 2 ,4 1 7 .2 1 2 .2 1 2 .5 1 2 ,4 1 4 ,8 4-78 1 2,6 1 2 ,9 1 2 .9 1 4 .7 1 3.4 1 4 .3 ___________ 1 ,4 1 6 .6 1-79 1 2 .3 1 2 .6 1 2 .5 1 3 .8 12.6 1 2 .7 1 1 ,0 1 ,4 5 4 .1 2-79 1 1 ,6 1 1.7 1 1.5 1 2 ,3 11.1 1 0 .7 8 ,9 3-78 4-80 1 ,2 1 7 .4 1 ,2 7 8 .3 1 ,3 3 0 .1 1 2.5 1 ,3 6 9 .9 3-79 1 1 .9 12.1 1 2 .0 1 2 .7 11.8 1 1 .6 1 0 .7 4-79 1 2 .2 1 2 .4 1 2 .3 1 3 .0 12.3 1 2.2 1 1 .7 1-80 1 2 ,3 1 2 ,4 1 2 ,4 1 3 ,0 1 2,4 1 2 .3 1 1 .9 2-80 11, 1 1 1.1 1 1 .0 1 1 .3 10.6 1 0 .3 9 .7 3-80 1 1,3 1 1 .4 1 1 ,3 1 1 ,6 1 1.0 1 0 .6 1 0 .3 4-80 1 1,8 1 1.8 1 1,8 1 2 ,1 11.6 1 1 .5 1 1 ,2 1-81 1 1 .9 1 2 .0 1 1 ,9 1 2 ,3 11.9 1 1 .8 1 1 .5 6 ,7 1 ,4 7 8 .0 1 0 .6 1 4.6 _________ 1 ,5 2 9 . 1 1 1 .9 1 2 .2 9 .4 1 0 .1 8 .6 5 .7 - 1 .0 1 1 .6 1 0 ,9 1 2 ,0 1 2 .3 1 1 .9 8 .5 1 0,7 1 1 ,4 1 1.0 15.3 1 1 .4 1 1 .7 11.2 1 1 .1 1 0 .8 1 1 .5 1 1 ,7 1 1,3 1 1 ,2 1 0 ,9 4-61 11. 1 1 1 .2 1 1,1 1 1 ,3 1 0.9 1 0 .7 1 0 .4 1-82 1 1 .0 1 1 .0 1 0 .9 1 1 .1 10.8 1 0 .6 1 0 .3 1 0 .3 10.6 1 0 .2 9 .7 9 .4 10.9 1 0 .4 9 .0 7 .8 9 .0 7 .2 9 .2 l-7 ö 2-76 3-78 4-78 1-7 9 2-79 3-79 4-79 1-80 2-80 3-80 4-8 0 1-8 1 2-81 3-81 4-8 1 3-77 4-77 1 0 .4 10.8 1 0 .3 9 .8 9 .4 12.5 11.2 1 1 .8 1 4 .2 1 ,8 1 0 .1 1 1.5 1 0 .1 12.4 1 7 .4 1 ,7 5 1 .0 1 5 .8 1 1 .5 1 0.5 9 .6 14.3 1 ,6 8 2 .2 15.9 1 1 .4 1 1 .0 10. 1 6 ,4 9 ,9 1 1.5 11.4 1 0 .8 1 0 .0 1 1.5 3-81 1 0 .9 11.2 1 2 ,9 1 ,6 3 1 .0 2-81 2-77 1 0 .7 1 4 .7 1 ,5 8 2 .3 1 3 .8 ___ ______ 1 ,6 2 6 .8 1 0 .2 1 1 ,2 1 4 .6 1 4.0 1 2 .0 1 0 .6 9 .1 1 0 .2 9 .0 4 . 3 1 ,6 2 9 . 1 8 .3 7 .3 1 2 .5 1 ,8 8 3 .9 8 .6 5 .3 1,9 06 . 3 1 , 9 5 0 . 7P I N I T I A L UUARTtR P- P R E L IM IN A R Y PERSONAL CONSUMPTION EXPENDITURES IN 1972 DOLLARS __________COMPOUNDED ANNUAL RATES OF CHANGE__________ TERMINAL QUARTER ___________ 2 -7 7 3-77 3- 7 7 4-77 l-7 b 2-7 6 3 -7 6 4-78 1-7 9 I N I T I A L QUARTER ANNUAL RATES 2 -7 9 3-79 4 -7 9 1-80 8I LL1 UN S OF DOLLARS 2-80 3-80 4-8 0 1-81 2-81 3-81 4 - 6 1 ________________ 4 ,9 866.4 A r 7 7 _____ _______ L J L . . l z l t i _____ 4 , 4 881.3 4.1 1,3 __________ - ¿ - 7 $ _______ 1 * 2 _____ 1 * 1 ____4*4 _______ 1 * 1 _____ 1 * 2 ____ 4 , 5 4~7S_____ 1 * 2 _____ 1 * 2 ____ 8 1 -7 9 4, 6 4, 5 *,0 8 6 4 .1 7.7 6,2 6,0 4.7 900,6 4,8 91 1.2 5.1 5,5 ___________ 3.7 3 .2 923.4 0.9 9 2 5. 5 - ¿ r I 2 _____ 1*3____ i* J ____i*A ____ _______________ 1*7 _ i Q f J . - U g 3-7 9 ¿ ^ 2 _____ ¿ J _ S _____ 1 * 1 _____ 3 , 7 ¿ ,9 2 ,4 4-7 9 3.9 3 .0 2.7 3.8 3.4 3.7 ¿.7 2.3 -¿rfiû______Z*±____ 1 * 2 ____ 1 * 2 ____ I * * ____ 1,0 1 - 8 0 ______^ 5_____________ â - k ____ 3 , 3 0,5 3-8 0 2,6 2,4 ¿,0 2,1 1 .5 4-8 0 2 ^ ____ z *  ____ Z*±____ ¿ , 5 1- - S 1 ______à*-L____ à±â____ Z * 1 ____ ¿ , 8 2.0 ^ ,7 2.3 4.1 3.6 2,2 0.8 943.4 -0,4 -¿.0 -4,7 - 9 , 8 _____________________________________________________________________ 9 1 9 , 3 >0.3 -1.5 -2,7 1,1 0, 6 0 , 5 ______ ÎLtl____ 7_» L _ 1,9 1,6 1 , 8 ______ 6 * 5 ____ ^ 4 ____ 5 * 8 ___________________________________________9 6 0 , 2 1.71.9 -0,3 3,0 -0,5 1,1 0,50.4 2,0 1,7 1,3 2,4 2,1 1,81 , 9 0.7 1,3 2 , 6 ____ 2,_3 ¿ ,4 2,0 1.7 1.41.4 -2-31______2 , 8 2 , 7 ____ 2 , 4 2,5 2,1 1,9 1,5 1,6 1,2 1-82 2.6 2.5 2.2 2.3 2-77 3-77 4-77 1-76 1, 8 1,5 1,2 1.9 1.7 1.41.5 2-78 3-78 4-78 1,7 2, 3 -JL-JLI______2 , 8 ..if-g i ______ ________ i*±____ 1 * 1 ____ 2 , 1 922.8 I.? 1.7 1-79 1,9 1*5 1.7 2-79 9 3 3 .4 9 4 1 .6 5,1 930.8 946.8 1.3 1.0 1,0 3 . 9 ______ 3 . 5 ____ 1 . 8 ___ - 2 . 1 955.1 1,6 1,3 1,4 3 , 8 ______ 3 * 4 ____ 2 * 3 ____ 0 * 5 ____ 3 . 3 962.8 1,1 0,8 0 , 9 ______ ¿ * 8 ____ ¿ * 3 ____ j, 1 1.4 1.2 1.2 3-79 4-79 1-80 2.9 2-80 2,6 3-80 1,7 4-80 t 0 * 4 ____ Q *!. _ 0,7 1-81 1,6 2-81 957,5 0.8 3-81 3.9 966,8P 4-6 1 INITIAL QUARTER P- PRELIMINARY P R E P A R E D B Y F E D E R A L R E S 6R V E B A N K O F ST. APRIL 21* 1982 15 LOUIS G R O S S P R I V A T E D O H E S T 1 C I N V E S T M E N T IN C U R R E W T D O L L A R S ____________CQ HP Q U NO ED A N N U A L R A T E S OF C H A N G E _____________ IN I T I A L TERM INAL QUARTER 2-77 3-77 3-77 4-77 1-78 2-78 3-78 4-78 1-79 2 2 .5 2-79 QUARTER 4-79 3-79 1-80 2-80 3-80 4-80 1-81 2-81 3-81 3 3 6 .3 3 3 6 .2 4-77 lit 3 1 .1 1-79 13. 6 9 *4 18*4 2-76 1 8 ,5 1 7 .2 2 6 .2 3 *. 5 3-78 1 5.2 1 3.5 1 7 .9 1 7 .7 2 .9 4-78 1 4 .9 1 3.5 1 6 .8 1 6 .2 8 .0 3 5 0 .7 377 . 7 3 8 0 .4 1 3 .5 3 9 2 .6 1—79 1 5.2 1 4 .0 1 6 .8 1 6 .4 10.9 1 5 .2 1 7.0 2-79 1 5 .2 1 4 .2 1 6 .6 1 6 .2 12.0 1 5 .3 1 6.2 1 5 .4 3-79 1 3 .3 1 2 .1 1 3 .8 1 3 .1 9 .2 1 0 .9 1 0.0 6 .7 4-79 1 0 .6 9 .4 1 0 .4 9 .3 5.6 6 .2 4 .4 0 .6 —6 . 1 - 1 0 .6 1-60 10. 1 9 .0 9 .9 8 .9 5 .6 6 .1 4 .7 1.8 - 2 .4 - 2 .9 2-80 7 .0 5 .7 6*2 * .9 1.7 1*6 - 0 .3 - 3 .4 - 7 .6 - 9 .6 - 2 .3 - 5 .2 - 8 .8 - 1 0 .6 - 1 0 .6 4 0 6 .3 4 2 3 .2 - 1 .4 4 2 1 .7 4 1 0 .0 5 .6 4 1 5 .6 - 9 . 1 - 2 1 .7 390 .9 - 1 7 .7 - 1 3 .4 3 77 .1 4 .3 2 .9 -0.1 - 0 .4 5 .4 5*8 4 .7 2 .1 2 .0 0 .6 - 1 .5 - 4 .1 -4. 6 - 3 .0 - 5 .7 3 .5 2 3 .7 7*9 8 *4 7 .6 5.5 5 .7 4 .9 3 .5 1.9 2 .4 5 .3 5 .2 16.1 3 4 .4 4 5 .9 8 .7 9 .3 8 .6 6 .7 7 .0 6. 4 5 .3 4. 1 4 .9 7 .8 8 .2 17.3 2 9 .8 3 3 .0 2 1 .2 5 .3 4 .0 4-80 6. 5 1—81 8 .8 2- e i V. 5 3 9 7 .7 4 37 . 1 4 5 8 .6 i OD 3-80 9 .2 8 .4 8 *9 8 .3 6 .5 6 .8 6 .2 5.2 4. 1 4 .8 7 .2 7 .5 14.5 2 2 .8 22. 5 1 2 .2 4-81 7 .6 6 .6 7*2 6 .4 4 .7 4 .8 4. 1 3 .0 1 .9 2 .2 4 .0 3 .8 8 .7 1 3 .8 1 1 .5 1 .9 —6 .6 - 1 6 *0 1-82 ^t.5 3 .6 3 .7 2 .9 i.O 0 .9 0 .0 - 1 .3 - 2 .7 - 2 .8 - 1 .9 - 2 .8 0 .2 2 .7 - 1 .0 - 1 0 .2 - 1 8 .7 - 2 8 .1 3-7 7 4 —77 1-Y8 2-78 3-78 4-76 1-79 2-79 3-79 4-79 1-80 2-80 3-80 2-77 B1LL1UNS OF DOLLARS ANNUAL RATES 4-8 1 IN I T I A L 4-8 0 1-81 3 .9 2-81 4 6 3 .0 4 4 3 .3 -38. 5 392 . 6P 3-81 4-6 1 3-81 B IL L IO N S OF DOLLARS ANNUAL R ATES 4-8 1 QUARTER P - P R E L IM IN A R Y GROSS P R IV A T E DOMESTIC INVESTMENT IN 1972 DOLLARS COMPOUNDED ANNUAL RATES OF CHANGE IN I T I A L TERM IN A L QUARTER 2-77 4-77 1-76 2-78 3-78 4-/8 1-79 2-79 3-79 4-79 1-80 2-80 3-80 4-6 0 2 2 0 .6 - 7 *2 2 1 6 .5 1 6*4 224*9 1-78 7 .0 2-78 9 .0 7*5 15*7 1 5 .Q 3-78 5 .8 3 *9 8 .0 4 .0 - 6 .0 4-78 5 *6 4 .0 7*1 4 .1 - 0 .9 4 .4 232*9 2 2 9 .3 2 3 1 .8 1-79 6 .3 5 .1 7 .8 5 .7 2 .8 7 .5 1 0 .6 2-79 5 .7 4 .6 6 .7 4 .9 2 .5 5 .5 6 .0 1.7 3-79 3*6 2 *7 4*2 2 *3 - o .i 1 .4 0 .5 - 4 .2 - 9 .8 4-79_ „ 1 .4 0 .2 1 .1 - 0 .9 - 3 .3 - 2 .7 - 4 .4 - 9 .0 - 1 3 .9 1—80. _ 0 .8 - 0 .4 0 .4 - 1 .5 - 3 .6 - 3 .2 - 4 .7 - 8 .2 - 1 1 .2 - 1 1 .9 - 2 *1 - 3 *4 - 3 *0 ~ 5 *0 - 7 .2 - 7 .4 - 9 .2 -12*7 - 1 6 .0 -18*0 -18 *1 -28*8 -2*7 - 4 .0 - 3 .7 - 5 .5 - 7 .5 - 7 .7 - 9 .3 - 1 2 .3 - 1 4 .8 - 1 6 .0 4-80 - 1 .8 - 2 .9 - 2 *5 —4 .1 - 5 .8 - 5 .8 - 7 .0 - 9 .3 - 1 1 .0 -11*2 - 9 .5 -10*7 0 .0 1 1 .1 1-81 - 0 .3 - 1 .2 - 0 *7 - 2 .0 - 3 .4 - 3 .2 - 4 .0 - 5 .6 -6*7 -6*1 - 3 .6 - 3 .1 7 .4 1 7 .4 2 4 .1 2-81 0 .7 - o .i 0 .4 - 0 .7 - 1 .9 - 1 .5 -2. 1 - 3 .4 -4. 1 - 3 .2 - 0 .5 0 .5 9 .6 1 7 .0 20. 1 3-80 2-81 _ 2 *6 3 *9 2-60 1-81 1 3 .6 3-7 7 4 —77_ 3-77 QUARTER 2 3 7 .7 238 .7 2 3 2 .6 - 1 7 .8 2 2 1 .5 - 5 .7 218*3 - 1 5 .5 - 2 0 .0 2 0 0 .5 - 1 0 .0 1 9 5 .3 2 0 0 .5 2 1 1 .6 1 6 .2 2 1 9 .7 3-81 0*8 0 .1 0 *6 -0.-4 - 1 .5 - 1 .1 - 1 .6 - 2 .8 - 3 .3 - 2 *4 0 .0 1 .0 8 .3 1 3 .4 1 4 .2 9 .6 4-81 —0* 8 - 1 *6 - 1 *2 - 2 .3 - 3 .* - 3 .2 - 3 .8 —5* 0 - 5 *7 -5*2 - 3 *5 - 3*2 1»9 4*5 2 .9 - 3 .3 - 1 1 .8 - 2 4 .8 1-82 - 3 .2 —4 . 1 - 3 .9 - 5 .0 - 6 .2 - 6 .2 - 7 .0 - 8 .3 - 9 .2 -9. 1 -e. l - 8 .4 - 5 .1 - 4 .2 - 7 .0 - 1 3 .5 -21 *6 - 3 1 .7 2-77 3-77 4-77 1—7b 2-78 3-78 4-78 1-79 2-79 3-79 4-79 1-80 2-80 3-80 4-60 1-81 3 .3 2-81 3-81 2 0 6 .3 - 3 7 .9 1 8 3 .I P 4-81 IN I T I A L QUARTER P - P R E L IM IN A R Y P R E P A R E D B Y F E D E R A L R E S E R V E 6Af#C O F ST. L O U I S A P R I L 2 1 » 196 2 16 G O V E R N M E N T P U R C H A S E S OF 6G O D S A N O S E R V I C E S IN C U R R E N T D O L L A R S __________________ C O M P O U N D E D A N N U A L R A T E S OF C H A N G E __________ BILLIONS OF TERMINAL Q UARTER 2-77 . 3-77 7*2 4~77 1.9.2 3-77 4-77 ANNUAL 1-70 2-70 3-70 4-70 1-79 3-79 4-79 2-00 1-80 3-80 4-80 i- e i 2-81 3-81 397 *9 410*4 0,5 9.1 . 5.3 8 .7 9.2 7.3 9*4 3-78 9,6 10.2 9.2 11*2 13.0 4-76 10.0 10.6 10.0 11*6 12*7 12.4 1-79 9,5 9.9 9.2 10.2 10.5 9.3 6.3 2-79 9.1 9.3 8.7 9.4 9.4 0.2 6.2 6.2 3-79 9. 1 9.3 0.8 9.4 9.4 0.5 7.2 7.6 415*7 425*1 438 *3 451*3 458*2 465*1 9.2 475*4 4-79 10.0 10.3 10.0 10.7 10.9 10.5 10.0 1 1.3 13.9 10.9 1-00 10.7 11.0 10.0 11.5 11.0 11.6 11.5 12.0 15.1 10.2 17.5 2-80 10,7 11,0 10,0 11.4 11.7 11.5 11.3 12.4 14.0 15.6 14.0 10.3 496*4 516*8 10.6 530*0 10.0 10.5 10.6 10.3 10.0 10.7 11.6 12.2 10. 1 6.6 2.7 Al.o_. 10.8 U.3 11.5 11.4 11.3 12.0 13.0 13.8 12. 5 10.9 11.1 20*2 ll.o 11,5 11.7 11.6 11.5 12.2 13.1 13.7 12.7 11.6 11.9 16.8 3-80 iQ.o 4-80 10,7 1-01 10.9 11.2 533*5 558 *6 13.4 576*5 2-81 10.2 10.4 10.2 10.6 10.7 10.5 10.4 10.8 11.4 11.7 10.6 9.3 8.9 11.1 6*8 0*6 .3-01 10. 1 10.3 10.1 10.5 10.5 10.3 10.2 10.6 11. 1 1 1.3 10.3 9.1 8.8 10.4 7.3 4*3 8*2 4-0 i 10.9 11.1 U.O 11.3 U.5 11.4 11.3 1 1.0 12.3 12.7 11.9 11.2 11.3 13.1 11.3 10.7 16*0 24*5 1-02 10.5 10.7 10.5 10.9 11.0 10.8 10.7 11.1 11.5 11.8 11.0 10.2 10.2 11.5 9*8 8.9 11*9 13*7 3.9 2-77 3-77 4-77 1-76 2-78 3-78 4-78 1-79 2-79 3-79 4-79 1-80 2-80 3-00 4-60 1-81 2-01 3-81 4-6 1 INITIAL P- RATES 4-81 1 3 12 “ 7® 1-7? __ ¿ 2-79 577*4 588 *9 622*0 6 2 8 . OP QUARTER PRELIMINARY G O V E R N M E N T P U R C H A S E S U F G U U U S A N D S E R V I C E S IN 1 9 7 2 D O L L A R S ______________ C O M P O U N D E D A N N U A L R A T E S OF C H A N G E _____________________ INITIAL TERMINAL QUARTER 2-77 3-77 4-77 1-78 2-78 3-78 4-78 1-79 2-79 BILLIONS OF DOLLARS ANNUAL RATES QUARTER 4-79 3-79 1-80 2-80 3-80 1-81 4-80 2-81 4-77 3.2 3,0 1-78 1.6 0.7 -1.6 2-78 1.8 1.3 0.4 2.5 4— 8 1 2 7 5 *7 274*6 276*3 3-78 2.5 2.3 2. 1 4,0 5.5 4-78 2,1 1,9 1,6 2,7 2.8 0.1 1-79 1.9 1.7 1,4 2.2 2.1 0.4 0.7 2-79 1.6 1,4 1-1 1.7 1.4 0.1 0.1 -0.4 3-79 1.6 1,3 1*1 1.6 1. 4 0.4 0.5 0.4 1.1 4-79 2.0 1,9 1.7 2.2 2.2 1.5 1.9 2.2 3.6 6. 1 1-00 2.5 2,4 2,3 2.8 2.0 2.4 2.8 3.4 4.7 6.5 6.9 2-00 2.5 2,4 2,3 2.0 2*8 2.4 2.8 3.2 4.1 5.2 4.7 2.5 3-00 1,9 1 #7 1,6 2.0 1. 9 1.5 1.6 i.e 2.2 2.5 1.4 -1.3 -**0 _ 4-00 1.9 1, 0 1,7 2.0 1.9 1.5 1.7 1.9 2.2 2.5 1.6 -0,1 -1,4 1-81 2.1 2.0 2.0 2.3 2.2 1.9 2* 1 2.3 2*7 2*9 2.3 1,2 0.8 3.8 5,3 2-81 1.6 1.5 1 .4 1.6 1.6 1*2 1.3 1.4 1.6 1.7 1.0 -0,2 -0.8 0.6 -0,2 -5.5 3-01 1.4 1.3 1.2 1.3 1.0 1. 1 1. 1 1.3 1.3 0.6 -0,4 -1.0 0,0 -0,7 -3,6 -.1,6 4-01 1.9 1.0 1.7 2.0 1.9 1.7 1.8 1.9 2. 1 2.2 1.8 1,0 0. 8 2,0 1,9 0*0 4,1 1-82 1.0 1.7 1.7 1.9 1.6 1*6 1.7 1.8 2.0 2. 1 1.6 1.0 0 ,0 1,8 1 ,7 0*7 2,9. 2-77 3-7 7 4-77 1-70 2-78 3-78 4-78 1-79 2-79 3-79 4-79 1-80 2-80 3-80 4-80 1-81 280*0 280* 1 280*6 280.3 281*1 INITIAL P- 3-81 273 .7 3-77 3.4 2 8 5 *3 290*1 291,9 288,2 289*8 2,2 293*6 289*5 2-81 288 ,3 295 *4 1 0 ,2 0*5 3-81 295.8P 4-8 1 QUARTER PRELIMINARY P R E P A R E D B Y F E D E R A L R E S E R V E B A N K O F ST* A P RIL 21» 1962 17 LOUIS D I S P O S A B L E P E R S O N A L I N C O M E IN C U R R E N T D O L L A R S _______C U H P O U N D E D A N N U A L R A T E S OF C H A N G E _________ B IL L IO N S IN IT IA L T E R M IN A L Q UARTER 2-77 3-77 4-77 3-77 1-78 1 0 .9 12.8 3-78 1 1 .7 1 1 .3 1 2 .4 3-60 4-80 1-81 2-91 3-81 4-91 1-82 1 1 .3 1-80 3-80 2-80 4-60 1-81 2-81 3-81 4-61 1 .4 4 0 .7 12.0 1 ,4 6 2 .1 1 3 .9 1 ,3 3 1 .0 13 .7 1 3 .3 1 1 .9 11.0 1 2 .3 1 1 .7 12.1 11 .7 1 ,3 8 0 .3 8 .3 10.8 1 1.1 1 ,6 1 2 .8 1 3.3 1 2 .4 1 ,6 6 3 .8 1 1.6 1 ,7 1 0 .1 12.8 1 2 .5 1 3 .5 10.2 10.6 9 .8 8.8 4 .4 1 1 .4 11.6 11.5 1 1 .4 1 1. 1 10.7 11. 1 1 0.6 1 0 .3 8 .7 13.3 11.3 1 1 .4 11.6 1 1 .3 1 1 ,3 1 1 .7 11.6 11.6 1 1 .3 11.0 11.4 1 1.1 1 0 .9 10.1 13.1 11.6 1 1 .3 1 1 ,3 1 1 .7 11.6 1 1 .3 1 1 .3 11.0 1 1 .4 11.1 11.0 1 0 .4 12.4 U .4 11.2 1 1 .4 11.3 11.2 1 1.0 1 0 .7 11.0 10.6 1 0 .5 9 .9 11.3 ii.2 11.0 10.8 11. 1 1 0 .8 1 0 .7 10.2 11.4 1 1 .4 1 1 .4 1 1 .3 11.3 1 1 .3 1 1 .3 1 1.3 11.2 11.2 1 1 ,3 11,2 11,1 1 0 .9 1 0.7 1 0 .9 1 0 .6 1 0 .5 10.1 11,1 11.0 10.8 10.8 1 0 .9 10.8 1 0 .7 1 0 .3 10.2 1 0 .4 1 0.1 9 .9 9 .5 10.2 11.2 1 1 .2 3-77 2-7V 4-77 1 1 .4 1-78 11.3 2-78 1 2 .4 12. 1 U .2 1 0 .7 3-78 11.7 1-79 4-78 2-79 3-79 IN IT IA L P- 4-79 1 ,3 6 7 .8 11.4 4-79 3-79 1 ,3 9 6 .0 1-80 3-79 2-79 9 .1 2-80 1-79 2-79 1-79 1 2 .3 12.0 U .8 1 1 ,9 1 2 .9 12.9 12.2 12. 1 12.2 1 3 .0 13.1 11.8 1 1 .3 11.6 12.1 11.9 1 1.9 11.8 U .8 1 2 .3 12.2 1 1 ,9 1 1 .7 11.8 12.2 12.1 12.0 1 1 .9 12.0 1 2 .4 12.3 4-78 4-78 4-79 1-80 1 ,7 6 5 .1 1 ,7 8 4 .1 1 ,8 4 0 .6 2-90 12.8 12.0 11. 1 10.6 9 .6 8.0 1 0 .9 1 0 .3 9 .9 1 1 .9 10.6 10.1 9 .7 1 ,8 9 7 .0 1 ,9 4 7 .8 1 »98 5.6 2 ,0 4 2 .0 9. 1 8.6 10.6 8.8 9 .4 9 .7 3-60 4-80 1-81 2-81 3-81 7 .3 2 ,0 8 8 .5 5 .2 2 » 1 15 .3 P 4-8 1 Q UARTER P R E L IM IN A R Y D I S P O S A B L E P E R S O N A L IN C O M E I N C O M PO U N D ED A N N U A L R A T E S O F 1972 D O L L A R S CHANGE B IL L IO N S IN IT IA L T E R M IN A L Q UARTER ¿-77 3-77 4-77 1-78 2-78 3-78 7 ,3 4-77 6 .4 3 .3 3-79 4-79 1-80 2-80 3-80 4-80 1-81 2-81 1-79 3 ,1 4 .0 2 ,3 4» 7 3 ,9 3 ,1 3 ,6 3-79 4 .6 4 ,0 3 .3 4 .0 4 .3 4-78 4 *7 4 ,2 3 .9 4 ,3 4 ,7 3 ,0 1-79 4 .3 4 ,0 3 ,7 4 .0 4 ,1 4 .1 3 ,1 2-79 4 .0 3 .3 3 .2 3 .3 3,2 2 .9 1,8 3-79 3 .9 3 .5 4-79 3 ,6 2*2 4-6 1 3 ,0 .. 9 6 6 ,8 9 7 5 ,5 9 8 5 .9 9 9 8 .0 3 ,2 3 ,3 3 .3 3 ,0 2 ,4 ?*?_ 3 ,0 2 ,9 2.6 2. o 2 . 7 _____ 2 * 3 _____2 , 6 2 .4 1 ,0 0 5 .7 1 .0 0 6 .9 0 ,3 2.0 . L*6 1 .0 1 5 .7 3 ,3 __ O tJL If0 1 7 t7 1 .9 ______L * £ _____1 * ? _____ 1 *0 _____L*_2___ Q»2_____ & *1 ___ ~1 »Q ___ - i t . 9 lt Q 2 1 .P 2-80. 2 .7 2 .3 1 .9 1 .9 1*7 1 .3 0 .7 3-60 2 .9 2 .4 2 .1 2 .1 1*9 1 .6 1 .2 _____ 0 *8 _____Ö * ? ______________ & * 1 ___ = 0 *^_____ 4 *1 _________ 4-80 2 .9 2 .5 2 .2 2 .2 2 .Q 1 .9 1 . 4 _____ L*1 _____ _______ _ & l S_____SLtS____ 0 * 6 _____ 2*5_____ 2 * 5 _________ 1-61 2 .9 2 .3 2 .3 2 .2 2 .1 1 .9 1 .6 _____ L* 4 _____ Lr_5_____ 1*2_____1 * 2 _____1 *2 _____2 *2 _____ 2 * 2 _____2 * 0 __________________ _ 2 r S J _______ 2 . 7 3-81 9 6 0 .9 2-79 ______ 3 . 4 2-79 1-79 4-78 ~4 . 9 ____________ _ 1 .0 0 8 * 2 I t Q lg .S L*Q2Î> *9 ___ L i QM±A. 2 .4 2 .2 2 .2 2 ,1 1 ,9 1 . 5 _____ i * 4 _____ L * j . _____ L t i _____ __________ L * 2 _____ 2 * 5 ______2 * 4 _____ 2 * i _____ 1 . 4 _ 3-ei 2 .7 2 .4 2 .2 2 .2 2 .1 1 .9 1 .6 1 .5 1 .6 1 ,4 1 .4 1 ,5 2 .8 2 ,5 2 .3 2 ,0 2 .6 4-81 2 ,6 2 ,4 2 .2 2 ,2 2 ,1 1 .9 1 ,6 1 .5 1 ,6 1 ,4 1 ,5 1 ,5 2 ,6 2 ,3 2 .2 1 .9 2 ,2 1*7 1 .5 1 .3 1 .3 1 .3 2 .3 1 .9 1 .8 1 .5 1 .3 0 .9 0 .2 2-79 3-79 4-79 1-80 2-80 3-80 4-80 1-81 2-81 3-61 4-61 1-62 2 .5 2-77 OF D O LLA RS ANNUAL R A T ES Q UARTER 9 4 6 .1 3-77 2 .3 3-7 7 2. 1 4-77 2 .0 1 .9 1 .8 1 .5 1 .4 1-78 2-78 3-78 4-78 1-79 IN IT IA L P- OF D O LLA RS ANNUAL R A T ES 1 ,3 3 2 .1 2-7o 1-78 3-78 1 3 .4 11.2 10.1 11.2 11.6 11.0 4-77 2-78 Q UARTER l t 036 .8 1 .0 4 3 .6 1 .0 4 7 .9 1 .0 4 8 .4 P Q UARTER P R E L IM IN A R Y P R E P A R E D 6 Y F E D E R A L R E S E R V E B A N K O F ST. L O U I S A P R I L 2 1 * 1 962 18 CO RPO RATE P R O F IT S AFTER TAXES B IL L IO N S T E R M IN A L QUARTER ANNUAL 1 - 77 ? - 77 77 4 - 77 1 - 7ft 16 3-77 1 h .f t 4 - 77 11 , 1- 79 7-19 7 9 , 3 ? . ?- n o 3 —8 0 4 —8 0 1-81 2-81 3-81 1 2 4 .0 4 .IS 15 22 .4 4 3 •3 1 (S,. 1 11 . 9 ? n .ft ? 9 .9 <x r1 rr 7 ,7 1V .7 1h ,? 3 ,4 17 ,7 1 4 2 .9 .6 33 .6 ? 9 .0 ,3 41 1 ?*> •4 31 . 3 ?7 1 ? .,7 24 ? n • ft ?4 .3 ?0 .0 ? n ,,7 11 1ft . 7 21 ?4 ? 0 .7 ? i «,5 1 5 ,•5 ,. 0 14 • ft 16 1ft . 3 14 n , ,9 8 .0 ? .9 4 ,i 4 1 7 , .1 17 , 1 1 ft . 9 ? 0 .ft 17 .7 11 .1 n . .1 6 .5 6 .9 1,, 4 -4 . 0 -Ô . 9 - 1 1 .»0 .9 4-7 a 19 19 . 9 ?0 .6 1-79 ? n .1 ? 0 ,.6 ?\ ? —7 9 17 . 7 17 .ft 17 “5—7 9 1ft 1ft, 4— 7 9 1V. ? 1 i- fin 17 .n .9 ft . 0 7 ,. 3 10 .0 9 , .*> ft 1n , ? 9 ,1 ft 9. 1 n .4 1 2 5 .4 9 .9 ? 9 .? .9 3, 7 3 1 7 ,,9 1 5 5 .9 n 1 6 4 .6 0 •0 11 1 6 4 .6 ? 3 i,7 1 8 2 .9 - 5 8 .8 m 10,• 0 6 • ft i,. 2 -2 .2 - 2 ,. 7 - 8 .4 - 7 .1 - 2 4 .3 3 9 .1 7 <S,. 4 ? *7 - 0 .1 - 0 ., 1 - 4 .3 - 2 .3 - 1 3 .3 2 5 .8 1 3 .7 10 7 .9 7<»0 v .7 1 .4 1 ,.6 - 1 .7 0 .5 - 7 .5 2 1 .2 1 3 .1 1 2 .5 iS . 1 <s 3 .6 ? , »4 -0 • ft -3 .3 ,. 7 - 7 .1 - 6 .2 - 1 3 .4 4 .2 - 5 .3 —1 3 . 6 - 3 3 .7 6,, 4 t\ 4. 1 3 , »0 0 ,. 1 ■0 - ? . ,3 -5-1 —4 - —9 - 9 5 .3 - 1 .8 - 6 .4 - 1 4 .7 - 8 .0 - 7 .5 - 1 2 .8 - 1 .1 - 7 .2 . - 1 2 ,1 .j l 1 9 »3 3-79 4-79 1-80 2-80 3-80 7. ) iS , V 1 7, ? A ,7 (S . .0 4 ,. 4 3,. 7 3,. 8 3 .8 1 .4 0 .i2 - 2 , .6 -4 .7 .2 1-77 2-77 3-77 4-77 1-78 2-78 3-78 4-78 1-79 2-79 NATIQNAI___I MCOME B A S I S ___ 3 9 .8 - 2 4 .1 10 . 3 1 1 1 1 .0 - 2 0 .3 9, 1 0 ,. 0 .9 - 1 1 .9 9 • ft -7 IN IT IA L ♦ 1 —fiO 3 •9 V 4-79 11 8 *« 9 .9 _ * .- a i 3-79 1 2 3 *3 1 —7 ft 7-R 4 - 78 1<S .ft 2-7 a 1 -ft 1 3-78 .7 2-77 3 - flO ? - 7ft OF RATES 1 1 * 4 .1 . 4-80 1-81 1 5 6 .3 9 . e 1 r2 8 ,Q 2-81 3-81 -11. I4 4 t0 .._ Q UARTER _________________________ ___ PR EPA R EO BY FED ER A L APR IL 20* 1982 RESERVE BANK Of HISTORICAL SOURCES OF NATIONAL INCOME AND PRODUCT ACCOUNTS DATA The NIPA estimates for 1929-76 are in The National Income and Product Accounts of the United States, 1929-76: S t a t is t ic a l Tables (Stock number U(I3-010-001 O l-1 , price $10.00). Estimates for 1976-79 are in National Income and Product Accounts, 1976-79, (Stock number 003-010-72188-0, price $4.55). Estimates fo r the period since 1979 appear monthly in the Survey of Current Business. These publications present the results o7~the comprehensive revisio n of the national income and product accounts described in the December 1980 Survey, and are available from the Superintendent of Documents, U.S. Government P rin tin g O ffic e , Washington, D.C. 20402. For fu rthe r information, write to the National Income and Wealth D ivision (BE-54) Bureau of Economic Analysis, U.S. Department of Commerce, Washington, D.C. 20230. Telephone (202) 523-0669, Mr. Robert P. Parker. . ? 19 ST. L O U IS IN VENTO RIES COMPARED WITH MANUFACTURING AND MONTHLY SALES* TRADE . 6 8 68 . 64 64 . 60 60 . 56 56 52 48 . 48 44 40 36 . 36 32 1968 1969 1970 * R AT I OS BASED ON S HADE D AREAS LATEST DA T A 1971 1972 SEASONALLY REPRESENT PLOTTED: 1973 ADJUSTED PERIODS OF 1974 1975 1976 D A T A. BUSINESS R E V IS E D FROM 1978 SOURCE: 1979 1980 U . S . DEPARTMENT 1981 OF 1982 C OMME R C E RECESSIONS. FEBRUARY PREPARED * * 1977 1967. 2 0 BY FEDERAL RESERVE BANK OF ST. LOUIS
@FedFRASER