Full text of National Economic Trends : April 1985
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N a tio n a l E c o n o m ic T r e n d s April 1985 T h e e x p a n d e d o f p a c e a t g r o w t h c h a n g e d s e c o n d a o f 2 . 4 i n t h e l i t t l e ; e c o n o m i c p e r c e n t f i r s t p r i c e s , q u a r t e r o f 1 9 8 4 , a c t i v i t y a n n u a l s i x a s t h e s l o w e d o v e r q u a r t e r s o f m e a s u r e d a b o u t h a s r a t e t h e t h e b y G a s N P t h e t h e t h r e e c u r r e n t t h e s a m e s i n c e p a s t e x p a n s i o n . d e f l a t o r , 3 .8 s e c o n d q u a r t e r q u a r t e r s , T h e h a v e p e r c e n t r a t e r i s e n r a t e o f c o m p a r e d a t f r o m o f a t h e 4 1 9 8 4 . w i t h a R e a l 7 .1 i n c r e a s e p e r c e n t f o u r t h G N P p e r c e n t o f p r i c e s h a s s i n c e t h e r a t e q u a r t e r h a s r a t e o f 1 9 8 2 t o m i d - 1 9 8 4 . T h e s l o w i n g p u r c h a s e s f u r t h e r o f f r o m o f r e a l g o o d s a n d - $ 1 1 . 4 b i l l i o n G N P s e r v i c e s . i n t h e h a s b e e n E v e n s e c o n d R E r e f l e c t e d t h o u g h i m p o r t q u a r t e r o f A L C o m p o u n d e d G N P 1 9 8 4 A N D a n n u a l in a l l m a j o r g r o w t h t o - $ 2 6 . 1 P R I C r a t e s h a s o f c o m p o n e n t s s l o w e d , b i l l i o n in n e t t h e e x c e p t e x p o r t s f i r s t q u a r t e r c h a n g e I V / 1 9 8 2 t o t o 1 / 1 9 8 5 G N R e a l f i n a l P F i x e d s a l e s c o n s u m p t i o n e x p e n d i t u r e s R e s i d e n t i a l e x p o r t s G N P — 5 .7 1 9 . 3 1 6 . 4 - 3 .7 3 0 . 5 — - 0 .6 I m p o r t s 12.0 p u r c h a s e s o f g o o d s a n d 5 . 9 8 . 4 E x p o r t s e n t 5 .0 3 .0 i n v e s t m e n t G o v e r n m 7 .1 2 . 4 N o n r e s i d e n t i a l N e t 1 1 / 1 9 8 4 2 . 4 % P e r s o n a l d e c l i n e d o f E S 1 1 / 1 9 8 4 R e a l g o v e r n m e n t h a v e s e r v i c e s d e f l a t o r 3 .9 2 4 . 4 3 .8 0 .3 4 . 0 3 .8 — K e i t h M . T H E V ie w s e x p re s s e d d o n o t n e c e s s a rily r e fle c t o ffic ia l p o s it io n s o f t h e F e d e ra l R e s e rv e S y s te m . C a r l s o n % 1 9 8 5 . _____ TOTAL C IV ILIA N IHM. OYWCHT COMPOUNDED ANNUAL M T f t O f CHANCE TERMINAL IN IT IA L NONTH 6-63 9-63 10-63 11-63 12-63 *-83 1-64 2-64 3-64 4—64 5-64 6-64 THOUSANDS 7-64 6-64 9-64 10-64 11-64 12-64 1-65 2-65 101,963 . NH63 2 .7 0 .7 11-63 4*5 4 .3 6*0 12^83 4 .3 4*2 5 .9 3** 1-64 4 .1 3.9 5*0 3*5 2-64 4 .6 4 *? 5*5 4 .7 5*1 7*1 3—64 4*3 4.2 5 .0 4 .2 4*3 4*9 2 .7 4-64 4*2 4.1 4 .7 4*0 4*1 4*4 3*0 3 .3 5-64 4 .7 4*7 5 .3 > *6 5 .0 5 .5 5 .0 6 .1 102*042 . ,- iô ? ;? ô2 103*02* 103*294 3* 1 103*666 104*123 104,402 - v.,- 9 .1 6-64 4 .5 4 .5 5 .0 4.5 4*6 4*9 4 .4 5 .0 5.6 2*6 7-64 4 .1 4.0 4 .4 3 .9 3 .9 4 .1 3 .5 3 .7 3.6 1*2 - 0 .2 8-64 3 .5 3 .4 3 .7 3 .1 3 .1 2 .4 2 .4 2 .2 —0 *1 - 1 .4 -2 .6 9-64 3-5 3.3 3*6 3 .2 3 .1 3*1 2 .5 2 .5 2*3 0*7 0*0 0 .1 2 .6 10-84 3*5 3*1 3*1 3.1 2 .6 2*5 2 .4 1.1 0 .7 1 .0 2 .9 2 .6 2 .6 2 .5 1.5 1*2 1.6 3 .0 3.1 3*3 2 .6 2.6 2.7 1.6 1.7 2 .1 3 .2 3 .4 3 .6 3.9 105*162 105,391 105*377 105*146 105,394 3*4 3,3 11-64 3*4 3* 3 3.5 3*1 3 .1 3.1 12-64 !3 * 4 3*4 3 ,5 3*2 3 .1 3.2 1-HB5 3*3 3*2 3.4 3*1 3 .0 3.0 2 .6 2 .6 2 .5 1.6 1 .6 1 .9 2 .9 2 .9 2 .8 2 .6 1.3 2-65 3*3 3*2 3 .4 3.1 3 .0 3 .0 2 .7 2.7 2*6 1 .9 1.6 2 .1 2 .9 3.0 3 .0 2*9 2*3 1*4 106*665 3-65 3*4 3*3 3*5 3 .2 3 .2 3 .2 2 .9 2 .9 2.6 2.2 2.2 2.S 3 .2 3 .3 3.4 3.4 3 ¡X 4 .2 i$T#TT4 9-63 10-63 11-63 12-63 1-64 2-64 3-64 4-64 5-64 6-64 7-64 6-64 9-64 10-64 11-64 12-64 1-65 6-63 2 .9 105,649 105*932 106*273 106*391 2-65 IN IT IA L NONTH __________ P A YR O LL f t t PL P Y ffEN T________ COMPOUNDED ANNUAL RATES OF CHANGE TERMINAL IN IT IA L NONTH THOUSANDS MONTH_________________________________________________________________________________________________________________________________________________ ___ ______OP PERSONS 1-65 2-85 7-84 8-84 9-84 10-84 11-64 12-84 8-83 9-63 10-63 11-63 12-63 1-64 2-64 3-64 4-64 5-64 6-64 91*018 9-63 15.7 10-63 9 *? 4 .4 11-63 6 .1 4.5 4 .6 91,345 9 l*6 6 è i 92,026 12-63 7 .2 4.5 4 .6 4 .5 1-64 6 .7 4 .6 4 .7 4 .7 4 .9 2-64 6 .6 4 .9 5 .0 5.1 5 .5 92,391 92*844 6*1 93,058 3-64 6 .1 4.5 4 .6 4 .5 4 .6 4*4 2 .6 4-64 5 .9 4 .6 4 .7 4 .7 4 .7 4 .7 4 .0 5 .2 5-64 5 .8 4.6 4 .6 4 .6 4 .7 4 .6 4 .1 4 .6 4 .4 93*449 93*786 94,135 6-64 5 .7 4*6 4 .6 4 .6 4 .6 4 .6 4 .2 4 .7 4 .5 4*6 7-64 5 .4 4 .4 4 .4 4 .4 4 .4 4 .3 3 .9 4 .2 3 .9 3 .7 2.6 6-64 5 .1 4.2 4*2 4 .1 4 .1 4 .0 3 .6 3 .8 3.5 3.2 2 .5 2 .2 94,350 94,523 94*80T 9-64 5 .0 4.2 4*1 4 .1 4 .0 3 .9 3 .6 3*6 3 .5 3 .3 2 .9 2 .9 3 .7 10-64 5 .0 4.2 4 .2 4 .1 4*1 4 .0 3 .6 3 .9 3*7 3 .5 3 .3 3 .5 4 .1 4 .5 4 .0 3*8 3*7 3 .5 3 .7 4 .2 4 .4 11-64 4*9 12-64 4*6 1-85 4*8 2-65 4*6 4.0 3-65 4*6 6-63 4 .2 4*1 4 .1 4*0 4*0 3 .9 3 .7 3*6 3 .6 3.5 3 .3 3 .4 3 .7 3 .7 3 .3 2 .4 4.1 4*1 4*1 4*0 4*0 3 .6 * 3*9 3 .7 3 .6 3.5 3 .6 3 .9 4 .0 3*è 3 .5 4*7 M 3 *t 3*6 3 .6 3 .4 3 .6 ” 1 . 1 3 .4 3*2 3 .3 3 .5 3 .5 3*2 2 .6 3*0 1*4 3*5 3 .3 3*6 )♦ ! 4*9 F PV^ 10-64 11-64 12-64 1-65 2-65 4*0 4 .0 9-63 19-63 3*9 4 .0 3 .6 95*494 4*2 4.2 4 .1 95*157 4 .3 3 .9 3*6 3 .7 3*7 3*6 * ? - f3 1-64 2-64 3-64 4—64 5-64 3*4 3 .5 6-64 7-64 3 .T 6-64 95*661 96,045 96*157P 96*536P IN IT IA L NONTH P - FREU NINA^V________ _ _ ______________________________________________________ _______________________ ______ _____________________________ ___________ _ PREPARED BY FEDERAL RÉSERVE BANK OF S T . LO UIS ---------------------------------------------------------------------------------------------------- ---------------------------------------------------------------- AM1L 5* 1415 2 --------------------------------------------------------- EMPLOYMENT RATIO SCALE MILLIONS 1977 OF RATIO SEASONALLY ADJUSTED PERSONS 1978 1979 1980 1981 MILLIONS 1982 1983 OF 1984 SCALE PERSONS 1985 SOURCE: U.S.DEPARTMENT Of LABOR PERCENTAGES ARE ANNUAL RATES OF CHANGE FOR PER IO D S INDICATED. LATEST DATA PLOTTEDt MARCH PR ELIM IN A R Y PREPARED BY FEDERAL RESER VE BANK OF S T . LO U IS UNE MPLO YME NT RATE SEASONALLY PERCENT ADJ USTED PE RCE NT 1 2 .0 1 1 . 1 1 . 0 10. 1 0 . 0 9. 9.0 8 . 8 . 0 7. 7.0 6 . 6 . 0 5. 5.0 4. 4.0 1977 1978 1979 1980 1981 1982 1983 SOURCEt PERCENT OF C IV IL IA N LATEST OATA PLOTTEDt U .S . 1984 1985 DEPARTMENT OF LABOff LABOR FORCE MARCH PREPARED BY FEDERAL RESERVE BANK 3 Of S T . L O U IS -CQfiSUHER PRICE INDEX FOR ALL URBAN CONSUMERS. SEASONALLY ADJUSTED COMPOUNDED ANNUAL RATES OF CHANGE T E R M IN A L MONTH IN IT IA L 8-83 9-83 10-83 11-83 12-63 1-84 2-84 3-84 4-64 196 7*10 0 1 «N T H 5 - 64 6-84 7-84 8-64 9-64 10-84 11-64 12-64 1-65 2-85 4 .5 9-83 3 0 1 .0 10-83 4 .3 4 .1 11-83 4 .2 4 .1 3 0 2 .0 4 .0 4 .1 3 .9 3 .8 1-84 4 .8 4 .9 5 .1 2 —8 4 4 .8 4 .9 3 .6 « °j 12-83 3 0 3 .0 3 0 3 .9 5 .7 7 .8 5 .4 6 .3 4 .6 3 0 5 .6 3 0 7 .0 3-84 4 .6 4 .6 4 .8 4 .9 5 .4 4 .2 3 .6 4-84 4 .7 4 .7 4 .8 5 .0 5 .3 4 .5 4 .4 5 .2 5-84 4 .4 4 .4 4 .4 4 .5 4 .6 3 .9 3 .6 3 .6 2 .0 6—8 4 4 .2 4 .1 4 .2 4 .2 4 .3 3 .6 3 .3 3 .2 2 .2 2 .3 7-84 4 .2 4 .1 4 .1 4 .1 4 .2 3 .6 3 .4 3 .3 2 .7 3 .1 3 0 7 .9 3 0 9 .2 3 0 9 .7 3 1 0 .3 3 .9 3 1 1 .3 8-84 4 .2 4 .2 4 .2 4 .2 4 .3 3 .8 3 .7 3 .7 3 .3 3 .8 4 .5 5 .1 9-84 4 .2 4 .2 4 .2 4 .3 4 .3 3 .9 3 .8 3 .6 3 .5 3 .9 4 .5 4 .7 4 .3 4 .2 3 .9 3 .7 3 .8 3 .5 3 .8 4 .2 4 .3 3 .9 3 1 2 .6 3 1 3 .7 10-84 4 .2 4 .2 4 .2 4 .2 11-84 4 .1 4 .0 4 .0 4 .0 4 .1 3 .7 3 .6 3 .6 3 .3 3 .6 3 .8 3 .8 3 .4 2 .9 2 .3 12-84 4 .0 4 .0 4 .0 4 .0 4 .0 3 .6 3 .5 3 .5 3 .3 3 .5 3 .7 3 .7 3 .3 3 .0 2 .7 3 .1 1-85 3 .9 3 .9 3 .8 3 .8 3 .9 3 .5 3 .4 3 .4 3 .2 3 .4 3 .5 3 .4 3 .1 2 .6 2 .6 2 .7 2-85 3 .9 3 .9 3 .9 3 .9 3 .9 3 .6 3 .5 3 .5 3 .3 3 .5 3 .6 3 .6 3 .3 3 .1 3 .0 3 .2 3 .3 4 .2 3-85 4 .0 4 .0 4 .0 4 .0 4 .0 3 .7 3 .7 3 .7 3 .5 3 .7 3 .8 3 .8 3 .6 3 .5 3 .5 3 .9 4 .1 5 .0 5 .6 8- 83 9^83 1 M 3 11-83 12-83 1—8 4 2-84 3-64 4-64 5 - 84 6-44 7-84 8-84 9-64 1 0 —84 11-64 12-84 1-85 2-65 IN IT IA L 3 .5 3 1 4 .6 3 1 5 .2 3 1 6 .0 2 .3 3 1 6 .6 3 1 7 .7 3 1 9 .2 MONTH P R E P A R E D BY A P R IL 2 3 , 1985 STa . L O U IS PROOUCER PR IC E IND EX, FIN ISH ED GOODS - SEASONALLY ADJUSTED* ________________________________________________________________ COMPOUNDED AE—UAL RATES OF CHANGE_________ ________________________________________________________ T E R M IN A L _________ _______________________________________________fltlT lAL i 6-63 9-63 10-63 11-63 12-ft3 1-64 2-64 3-64 4-64 5-64 __________________________________________________________W 7 . « 1QO 6-64 7-*4 ft-64 9-64 1Q-* 4 11-ft* 12.-9A 1~*5 2 *6 ** 9-63 2.1 10-63 2 .1 2.1 11-93 0*4 -0*4 12-63 1.2 9*2 3 .4 297*1 266.4 -2*9 »7*2 299*2. 1-64 2 .6 3 .0 6 .0 8 .7 2-64 2 .7 3.1 5.1 6*0 3 .4 3-64 3 .3 3 .7 5 .4 6*1 4 .9 6 .4 290.0 291.5 291.6 4-64 2*9 3*2 4 .4 4*7 3*4 3 #4 0*4 5—64 2 .4 2 .5 3 .4 3 .4 2 .1 1 .7 - 0 .6 -1*6 l 6-64 2.1 2.1 2 .9 2 .6 1 .7 1.2 -0 .4 - 0 .6 3.0 291.2 .291*2__ 0 .0 7-64 2 .? 2 .2 2 .8 2 .8 1 .6 1 .5 0.3 0 .3 1.2 2 .5 8-64 1.6 1.7 2 .2 2 .1 1 .2 0 .6 -0 .2 - 0 .4 0 .0 0 .0 - 2 .4 9-64 1 .6 1 .6 2 .0 1 .9 1 .0 0 .7 -0 .2 - 0 .3 0*0 0 .0 - 1 .2 0 .0 2.2 291*9 291.2 291*2. 10-64 1 .5 1 .4 1.6 1.6 0 .6 0 .5 -0 .3 - 0 .4 - 0 .2 -0 .2 - 1 .1 - 0 .4 -0 .6 11-64 1 .6 1*6 2 .0 1.6 1.2 0 .9 0 .3 0 .2 0*6 0 .7 0 .2 1.1 1.7 4 .2 12-64 1 .7 1.6 2 .0 l.t 1.2 1*0 0 .5 0 .5 0 .6 0 .9 0 .6 1*3 1*6 3 .1 2.1_ - 0 .4 1.4 .291*3- _ _29*t5 . 1-65 1*5 1.5 1.8 1*7 1 .1 0 .9 0 .4 0 .4 0*6 0 .7 0*4 1*0 1*2 1*9 0*6 2-65 1 .4 1*3 1 .6 1 .5 0 .9 0*7 0 .2 0 .2 0 .4 0*5 0 *2 0*6_ 9*7 1*1 0.1 - 0 .6 -*•* 3-65 1 .5 1 .4 1 .4 1.5 1 .0 0 .9 0 .4 0*4 0 .6 0*7 0 .5 0*9 1*0 1*4 OtT 0*£ 0*6 2 .5 9-«3 10-63 11-63 12-63 1-64 2-64 3-04 4-64 5-64 6-64 7-64 6-64 9-64 10-64 11-64 12-64 1-65 2-85 6-63 1.4 ? 9 ? .4 292*1 292.7 IN IT IA L NONTH «PATA FOR WHIR NONTHS AGO R EV ISED TO REFLEC T LA T feftfPO ST IN G 4 PR EPA R K) »Y FEDERAL RESERVE BANK O f ST* LO UIS A P R IL 12* 1 * 5 _ RATIO SCALE 1967-100 PRICES RATIO SCALE SEASONALLY AOJUSTEO 1967-100 CONSUMER PRICE IKOEX BECINNIH6 JANUARY 1978 IS FM ALL «RIAN CMtSVtfERS <CPI - » ). CPI-0 DATA BEGINNING 1983 INCORPORATE A RENTAL ECHMVALEMCE MEASME FM IIÜCtWCMMIP CfST». PERCENTAGES ARE ANNUAL RATES Of CHANGE FOR PERIOOS INDICATE*. LATEST DATA PLOTTED. MARCH ratio SCALE PREPARE* IY FEDERAL RESERVE RANK Of ST. LMIS PRODUC E R PR I C E S RATIO SCALE PERCENTAGES ARE ANNVAL RATES Of CHANGE FOR PER I MS INDICATED. LATEST DATA PLOTTED. MARCH PREPARED IT FEDERAL RESERVE RANK I f ST. IM IS 5 PROOUCER PRIC E INOEX, F IN IS H fD CONSUMER FOODS - SEASONALLY ADJUST ttv*1 -____________________ COMPOUNDED ANNUAL HATES Of CHANGE___________________________ 6-63 9-6? . . m i ■ lo o I N I T I A L MONTH MONTH 9-63 10-63 11-83 12-63 1-64 2-14 3-ft4 4-84 5-64 6-64__ ?-fl4 . M i 9-64 10-64 11-64 .12-64___1-65 2-65 263.1 12.7 1 ^3 1 2 .? 12*0 11-63 5 .6 2*3 265.6 2 64.1 - 6 .6 266.1 12-63 t* 6 4*6 1*1 9 .5 1-64 11.3 11.0 10*6 2 0.4 ??- 4 2-64 9 .S 9*3 6*6 14*2 16.6 272.4 273.0 2 .7 3-64 10.2 9 *? 9-* 13.8 15.2 7 .5 12.5 4—6^ T .* 6 .3 5 ** 8 .0 7 .6 0 .4 - 0 .7 -12.3 ?r6 * 5 .1 V ? 3*1 4 .8 3 .9 - 2 .2 -3 .8 -11.0 -9*7 6-64 4 .6 5fT 2*7 4*1 3*3 -1*« - 2 .8 —7*5 r*5.0 0 .0 7-64 _ 5 .9 5*2 4 .? 6*0 5 .5 1 .5 1.3 - 1 .3 2 .7 9 .4 19*6 4 *9 4 .4 0 .9 0 .6 -1*6 1 .2 5.1 7 .8 2 75.7 2 72.7 2 70.4 2 7 0 .4 2 74 .5 8 - f4 ?fl 9-64 A ,£ _ }.9 }* ? 4*2 0 .6 0 .3 - 1 .7 0 .6 3 .4 4 .5 - 2 .4 - 1 .7 4 fi 3*3 ? .8 3*7 3*1 0 .3 0 .0 - 1 .7 0*2 2*3 2 .9 - 2 .2 - 1 .7 - 1 .7 11-64 4-} ? .7 3.1 ?• ? 3 .4 0 .9 0 .7 -0 .7 1 .1 3*1 3 .7 0 .0 1 .0 2 .4 6 .6 12-64 4 .? 4*0 ? .5 4*3 3 .9 1 .6 1 .5 0*3 2*0 3 .6 4 .5 1 .7 2*9 4 .5 7 .7 8.6 1-65 3*9 3.3 2 .6 3 .5 3 .0 0 .9 0 .7 - 0 .4 1 .0 2 .5 2.8 0 .2 0 .9 1.5 2 .7 0 .7 —4*7 2-65 ? .5 3f 0 2*5 3*1 2 .7 0*7 0 .5 H>*5 0 .7 2 .0 2 .2 -0 * 1 0 .4 0 .9 1.5 -0*1 -4*3 - 4 .7 274*4 -3*4 t 4*9 2 73.9 9-64 10-64 11-64 12-64 1-65 3-65 3*2 6-63 - 3 .0 2 7 3 .6 2*3 0 .5 0 .3 - 0 .7 0*5 .1*6 1*7 - 0 .3 0 .1 9-63 10-63 11-63 12-63 1-64 2-64 3-64 4-64 5-64 6-64 7-64 6-64 2 .7 2 .2 2*8 2 7 3 .4 0 .4 2 7 3 .6 0*6 274*5 - 0 .7 2 7 6 .4 274 .6 2-65 IN IT IA L MONTH ♦DATA FOR TOUR MONTHS AGO R EV ISED TO REFLECT LATE »FPORTING PRODUCER P R IC E INOEX» F IN IS H E D COOOS, EXCLUDING FOODS - SEASONALLY ADJUSTED* COMPOUNDED A/ttUAL KA T E I OF CHANCE IN IT IA L MONTH 1967 « 1 0 0 MONTH 6-83 9-63 9-63 10-63 11-63 12-63 *-64 2-64 3-64 4-64 5-64 6-64 7-64 6-64 9-64 10-64 11-64 12-64 1-65 2-65 292*3 -0 .8 - lf2 10-63 -¿ .0 11-63 - l* ,l _2 9 2 *0 12-63 -0*5 —0*4 9*0 1-64 -0 . 1 0 .1 0 .5 1*4 1*7 2-64 0 *6 0 .9 1.4 2 .^ 2^9 4 .2 3-64 1 .2 1*5 2 .1 2 .9 3 .5 4 .4 4 .6 4-64 ^. 6 1.9 2*5 3 .2 3 .7 4 .4 4 .6 4*6 5-64 1 .6 1.9 2*3 2 ,9 3 .2 3 .6 3 .5 2 .9 1*2 6-64 1.4 1 .6 2 .0 2 .5 2t7 2 .9 2 .6 1 .9 0 .6 0 .0 291f_7_ •-I.?- 292*0 1.? 2 92.4 293.4 294*1 295.4 295.9 295*9 7-64 1 .0 1 .2 1*5 1.9 1 .9 2 .0 1 .6 0*6 -0*4 ^1*2 -2*4 6-64 0 .8 0.9 !• ? 1 .4 1 .4 1*4 1*0 0*2 -0 .8 - 1 .5 —2*2 -2 .0 9-64 0 .8 Of’ 1*1 1.3 1.3 1.3 0*9 0 .3 -0 *6 - 1 *0 -1*3 H i. 9 0 .4 ip —64 0 .7 0 .8 1*0 1 .2 1 *? 1 .1 0 .7 0 .2 -0*5 - 0 .9 -1 .1 - 0 .7 0 .0 -0 .4 11-64 0r8 1 .0 1*1 1.3 1 .3 1 .3 1 .0 0 *6 0 .0 -0 .2 -0 .2 0 .3 1 .1 1.4 3 .3 12-64 0 .6 0*9 1-9 If? 1 .2 0 .9 0 .5 -0 . 1 -0 .2 - 0 .3 0 .2 0 .7 0 .6 lt4 ^.3 1*2 0*2 0 *1 0 .1 0 .5 1 .0 1 .1 1 .6 If? 295.3 2 9 4 .» 294.9 2 9 4 .8 ..... 1-85 0f 6 0*9 1*1 1 .0 0 .7 0*8 0*9 1*1 }.l 1*0 0 .8 0*4 0 .0 -0 * 1 -0 . 1 0 .2 0 .6 0 .7 0 .9 0 .1 0*4 3-65 0 .9 1*0 l.l 1 .3 1.3 1*3 1 .0 0*7 0 .4 0-3 0 .4 0 .7 1 .1 1 .2 1*4 1*1 I* * 9-63 10-63 H - 6 3 12-63 1-64 2-64 3-64 4-64 5-64 6-64 7-64 6-64 I N IT IA L ♦OAT A FOR FOUR MONTHS AGO R EV ISED TO REFLECT LATE REPORTING 2 96.0 2 .0 2-65 ...M 2 9 ?t* 2 95,5 - O t* 0 *6 6-63 .... 9—64 10-64 11-64 12-64 2 9 5 .7 - 1*2 1*4 _ u 4 * l 1-65 296.7 2-65 *»NTH PREPARED BY FEDERAL RESERVE BANK OF ST* LO UIS A P R IL 12* 1965 .... I N D U S T R I A L RATIO P R O D U C T I O N SCALE RATIO SEASONALLY ADJUSTED 1967-100 1977 1978 1979 1980 1981 PERCENTAGES ARE ANNUAL RATES OF CHANGE FOR PER IO D S LATEST DATA PLOTTEDt SCALE 1967-100 1982 1983 1984 1985 INDICATED. MARCH PR ELIM IN A R Y PREPAREO BY FEDERAL RESER VE BANK OF S T . LOO IS INDUSTRIAL PROOUCTION COMPOUNDED ANNUAL RATES OF CHANGE IN IT IA L MONTH TERMINAL MONTH 8-83 9-83 10-83 11-63 12-63 9-83 17.0 10—83 13.3 9.8 11-83 9 .5 6 .0 2 .3 12-83 9 .0 6 .4 4 .7 7 .2 1-64 10 .9 9.5 9 .3 13.0 1-84 2-84 3-84 4-84 5-84 6-64 1967 * 100 7-64 6-64 9-84 10-64 11-64 12—64 1-65 153.6 155.0 155.3 156.2 156.5 19.2 2-84 11.1 9.9 10.0 12.7 15.5 12.0 3-64 10.4 9 .3 9 .2 11.0 12.3 9 .0 6.2 4—64 10.3 9 .4 9 .4 10.8 11.8 9 .4 8.1 10.1 160.0 160.6 162.1 5-64 9*8 8 .9 8 .8 9 .9 10.4 8*4 7.2 7 .7 5.3 6-84 10.0 9 .3 9 .2 10.3 10.8 9 .2 8 .5 9.3 6 .8 12.5 7-84 10.2 9.5 9 .5 10.4 10.9 9 .6 9 .1 9 .8 9 .7 12.0 11.5 162.6 164.4 165.9 6-84 9 .4 8.7 8 .6 9 .3 9 .6 8.2 7 .6 7 .9 7 .4 8.1 6*0 0 .7 9-64 8 .0 7.3 7.1 7 .5 7 .6 6 .2 5 .4 5.3 4 .3 4 .1 1.5 - 3 .2 10-64 7.1 6 .3 6 .1 6 .4 6 .3 5 .0 4 .2 3 .9 2 .9 2 .4 0 .0 - 3 .6 —5 .6 - 4 .3 11-64 6 .8 6.1 5.8 6 .1 6 .0 4 .8 4 .0 3.8 2 .9 2 .5 0 .6 - 2 .0 - 2 .9 -0 .7 3 .0 5.7 5 .4 5 .6 5.5 4 .3 3 .6 3 .3 2 .5 2.1 0 .5 - 1 .6 - 2 .2 - 0 .5 1.5 0 .0 5.3 4 .2 3 .6 3 .3 2 .6 2 .2 0 .6 -0.8 - 1 .2 0 .4 2 .0 1.5 3 .0 0 .5 - 1 .0 - 1 .3 -0.1 0 .9 0 .2 0 .4 -2.2 0 .5 1.5 1.1 1.5 0 .7 12-64 166.0 - 7 .0 1-65 6 .2 5.5 5 .2 5 .4 2-85 5 .7 5.0 4.8 4 .9 4 .8 3 .7 3.1 2 .8 2 .1 1.7 3-65 5 .6 5.0 4 .7 4 .8 4 .7 3 .7 3.1 2 .9 2.2 1 .9 0 .8 -0 .5 -0 .6 9-63 10-63 11-63 12-63 1-64 2-64 3-64 4-84 5-64 6-64 7-64 6-64 8-83 2-65 165.0 164.4 P- PRELIM INARY APRIL 16* 1965 7 164.6 9-64 10-64 11-84 12-64 IN IT IA L MONTH 164.6 165.2 1 64.9P 3 .7 1-65 ~2-«5 165.4P P E R S O N A L RATIO I N C O M E monthly totals at annual rates SCALE TRILLIONS OF DOLLARS SEASONALLY ADJUSTED RATIO SCALE TRILLIONS OF DOLLARS 3. 3.5 4 3 2 1 0 9 8 7 6 5 4 3 2 2 1 2 0 .9 1 1 . .8 I .7 1 . .6 . .5 1 .4 .3 . 2 SOURCE: PERCENTAGES ARE ANNUAL RATES OF CHANCE FOR PER IO D S LATEST DATA PLOTTEDt U .S . DEPARTMENT OF COMMERCE INDICATED. MARCH PR ELIM IN A RY PREPARED BY FEDERAL RESERVE BANK OF ST. LO U IS PERSONAL INCOME COMPOUNDED ANNUAL RATES OF CHANGE B IL L IO N S OF DOLLARS ANNUAL RATES IN IT IA L MONTH TERMINAL MONTH 8-83 9-83 1 1 .5 10-83 1 2 .6 9-63 10-83 11-83 12-83 1-64 2-84 3-84 4^~84 5^4 6-64 7-84 8-84 9-84 10-84 11-84 12-84 1-85 2-85 2 ,8 1 4 .9 1 3 .7 ¿,654.2 11-53--- TT72—TT7I----875“ rr.5 1 1 .5 lò .l ÏÏV ? 1-84 1 2 .4 1 2 .6 iT v r 1 4.1 1 6 .7 2-84 1 2 .2 1 2 .4 1 2 .Ö 1 3 .2 1 4.Ô " T I.4 3-84 1 1 .5 1 1 .5 1 1 .1 1 1 .7 1 1 .7 9 .3 Y .2 4-8 4 IT . 5 1 1 .6 n .2 1 1 .è 1T7S- 1 0 .2 9 .6 12-83 2 ,8 6 0 . 4 2 ,8 9 7 .4 2 ,9 2 3 . 5 2 ,9 4 0 . 6 1 2 .0 2 ,9 6 8 .5 1 0 .6 1 0 .2 1 0 .5 10 .2 8 .7 7 .8 6 .1 4 .2 6-84 1 0 .8 1 0 .7 1 0 .4 1 0 .6 1 0 .5 9 .3 8 .8 9 .3 7 .9 1 1 .7 >-64 1 0 .¿ 16 .* 1Ó .2 " 1 ^ 7 4 ” 1 0 . 2 9 .2 9 .2 Ô.2 1 0 .5 è .8 5-84 " " 8 .f T 2 ,9 7 8 .8 3 ,0 0 6 .5 3 ,0 2 7 . 7 8—84 1 Ô .4 1Ó.5 9 .9 1Ô.1 9 .9 Ô .9 Ô .Ô " è .ò 9 .3 8. 1 7 .4 9-84 1 Ô .5 1Ô .2 9 .9 1 0 .0 9 .8 9 .0 6 .6 6 .9 6 .5 9 .5 6 .5 6 .5 10-84 9 .8 9 .7 9 .4 9 .5 9 .3 *■.5" 8 .1 8 .2 ” 7 .6 8 .3 7 .4 7 .Ò 6 .8 4 .4 11-84 “ ^ .7 9 .5 "9 7 T 6 .1 t.6 8. 1 7 .4 7 .1 7 .0 5.8 12-84 9 .4 9.3 9.Ô 1—85 9 .3 9.1 8.Ô 2—05 9 .0 ' Ö .Ö ft.T " 3-85 8 .8 8.7 8 .4 8-83 9.1 8 .3 8.8 Ö.1 7 .6 " 8 .6 8 .0 7 . 7 Ö.5 Ö .T " 7 .7 7 .4 774“ Ô .4 Ö .2 - T.ì> 7 .3 T .y ^ 9.Ô 9-83 10-83 11-83 12-83 1-84 " *75 2-84 7 .T ~ 3 ,0 6 8 . 3 3 ,0 7 9 . 5 3 ,0 9 7 . 5 7 .5 3 ,1 1 1 .8 7 .8 7 .1 6 .8 6 .6 5 .6 6 .5 5 .7 7 . 7 Y .l 6 .è 6 .7 6 .0 6 .6 6 .2 6 .8 T .ff 7. 3 6 .T 6 .5 5 .7 6.0 5 .6 T . 5 6 .9 7.2 6 .7 6#4 6 .3 5.8 6.1 5.8 “ 4-84 5—84 6-84 7-84 8-84 " T .5 "~ t .t 3-84 3 ,0 4 5 .8 3 ,1 2 6 .9 3 ,1 3 9 .9 4 .3 5.8 5.3 6 .3 9-84 10-84 11-84 12-84 1-85 2-85 5,155*9P IN IT IA L MONTH PRELIMINARY PREPARED BY FEDERAL RESERVE BANK OF S T . LOUIS A PR IL 17, l t g S ------------------------------------ 8 R E T A I L RATIO S A L E S * SCALE BILLIO N S OF 1977 RATIO DOLLARS 1978 SE A SO N A L LY 1979 1980 BILLIO N S A D JU STED 1981 1982 1983 SOURCE: PERCENTAGES ARE ANNUAL RATES OF CHANGE FOR PER IO D S LATEST DATA PLOTTEDt FEBRUARY, S .S . 1984 SCALE OF DOLLARS 1985 DEPARTMENT Of COMMERCE INOICATED. MARCH ADVANCE ESTIM ATE R E V IS E D FROM 1077. PREPARED BY FED ERAL RESER V E BANK Of S T . L O U IS R ET A IL SALES * COMPOUNDED ANNUAL RATES OF CHANGE 8- 8 3 9-83 M ILLIO NS OF DOLLARS IN IT IA L MONTH TERMINAL MONTH 9-83 10-63 11-83 12-83 1-84 2-84 3-64 4-84 5-64 6-84 7-84 8-84 9-84 10-64 11-64 12-64 1-65 2-65 99,534 1 2 .1 100,960 10-63 1 5 .5 1 8 .9 11-83 1 5 .5 1 7 .2 1 5 .5 12-83 1 3 .6 1 4 .1 1 1 .7 8 .1 1-64 1 9 .4 2 1 .2 2 2 .0 2 5 .4 4 5 .6 2-84 1 5 .0 1 5 .6 1 4 .8 1 4 .5 1 7 .9 - 4 .5 - 8 .8 - 1 2 .8 3-84 1 0 .5 4-64 1 3 .8 5-84 1 2 .8 6-84 1 2 .9 7-84 1 0 .0 8-84 9-84 1 0 .3 1 0 2 ,2 0 2 102,867 106*136 105,726 104,525 8 .6 7 .0 6 .6 1 4 .0 1 3 .2 1 2 .8 1 3 .9 5 .0 1 0 .1 3 9 .2 1 2 .9 1 2 .1 1 1 .5 1 2 .2 5 .2 8 .6 2 1 .3 5 .7 1 3 .0 1 2 .3 1 1 .8 1 2 .5 6 .8 9 .8 1 8 .6 9 .5 1 3 .5 9 .8 8 .8 8 .0 8 .0 2 .7 4 .2 9 .0 0 .4 - 2 .1 - 1 5 .5 8 .9 8 .6 7 .7 6 .8 6 .7 2 .0 3 .2 6 .7 - 0 .1 - 2 .0 - 8 .9 - 1 .8 9. 1 8 .9 8 .0 7 .3 7 .2 3 .2 4 .3 7 .5 2 .1 1 .2 - 2 .6 4 .6 1 1 .5 10-84 9 .0 8 .7 7 .9 7 .2 7 .2 3 .6 4 .6 7 .4 2 .9 2 .3 - 0 .3 5 .4 9 .1 6 .9 107,4*3 107,941 109,085 107,563 107,396 106,373 108,974 110,255 11-84 9 .4 9 .2 8 .4 7 .9 7 .9 4 .7 5 .8 8 .3 4 .5 4 .3 2 .6 7 .7 1 1 .1 1 0 .9 1 5 .1 12-84 8 .6 8 .4 7 .6 7 .1 7 .0 4 .0 4 .9 7 .1 3 .7 3 .4 1 .8 5 .6 7 .6 6 .3 6 .0 - 2 .3 1-85 8 .7 8 .5 7 .8 7 .3 7 .3 4 .6 5 .4 7 .4 4 .4 4 .2 3 .0 6 .4 6 .2 7 .4 7 .5 4 .0 10.6 2-85 9 .4 9 .2 8 .6 8 .2 8 .2 5 .7 6 .6 8 .6 5 .9 6 .0 5 .1 8 .4 1 0 .2 9 .9 1 0 .7 9 .3 1 5 .6 3-85 7 .5 7 .2 6 .6 6 .1 5 .9 3 .5 4 .2 5 .8 3 .1 2 .9 1.8 4 .2 5 .1 4 .0 3 .5 0 .6 1 .6 8-65 9-63 10-63 11-83 12-83 1-84 2-64 3-Ô 4 “ ^ - 5 4 5-6* 8-84 9-84 10-64 IN IT IA L 6 —8 4 7-84 110,042 1 1 -8 *“ 1 2 = 6 ^ 110,972 20 .8 112,736P - 2 .3 —2 1 . 0 110,541E 1-65 2-65 1t o t h ♦REVISED i FROM 1 9 7 7 . P- PRELIMINARY E- ESTIMATED _ 9 PREPARED BY FÉDÉRAL RESERVE BANK OF S T . U JU IS A P R IL 11, 1965 HCMBi Y CQMPEfiSATIflN.» BUS1MESS SECTOR COMPOUNDED ANNUAL lU T C S Of CHANGE 1977*100 2-80 ut 1 CD o IN IT IA L QUARTER TERMINAL CMIARTFR 4-60 1-81 2-81 3-61 4-61 1-62 2-62 3-62 4-62 1-63 2-63 3-63 4-80 9 .3 9 .4 1-81 9 .8 10.0 10.7 2-81 9 .2 9 .1 9 .0 7 .4 3-81 9 .3 9 .3 9 .3 8 .7 1-64 2-64 3—64 4-64 135.7 139.2 141.7 145.1 9 .9 147.6 4-81 8 .9 8 .9 8.8 8 .1 8 .5 7.1 1-82 9 .2 9 .2 9 .2 8 .6 9 .2 8 .9 10.7 2-82 8 .9 8 .8 8.8 8 .4 8 .6 8 .2 8 .7 3-82 8 .7 8 .7 8 .6 8 .2 8 .4 8 .0 8 .3 7.1 7 .5 4-82 8 .3 8.2 8 .0 7 .7 7 .7 7 .3 7 .3 6 .2 5 .9 4 .4 6.8 6 .8 5.8 5 .5 4.5 4 .6 151.4 153.9 6 .8 156.7 158.4 160.2 1-83 8 .0 7 .8 7 .7 7 .3 7 .3 2-83 7.4 7 .3 7.1 6 .7 6 .6 6 .1 6 .0 5 .0 4 .6 3.7 3 .3 2 .0 161.0 161.8 3-83 7 .0 6 .8 6 .6 6 .2 6 .1 5 .6 5 .4 4 .5 4 .1 3.3 2 .9 2 .0 2 .0 4-83 6 .9 6 .8 6 .6 6 .2 6 .1 5 .6 5 .5 4 .7 4 .4 3.8 3 .7 3 .3 4 .0 6 .1 4 .7 6.1 6 .2 6 .1 5 .7 5 .6 4 .9 4 .7 6 .9 6 .7 6.5 2-84 6 .6 6 .4 6 .2 5 .9 5 .7 5 .4 5.2 4 .6 4 .3 3-84 6 .5 6 .3 6.1 5.8 5.6 5 .3 5.1 4 .6 4 .3 4 .5 4 .3 1-84 4-63 132.7 3-80 9 .2 164.2 166.7 6.2 4 .2 4.1 3.9 3 .8 3 .6 4 .0 4 .7 4.1 1.9 3 .9 3 .9 3.8 4 .1 4 .6 4 .2 3 .1 4 .4 4 .0 3 .9 3.8 4 .1 4 .6 4 .2 3 .5 4 .3 4 .3 4 .2 167.5 169.3 171.1 4-84 6 .3 6.2 6 .0 5 .7 5.5 5 .2 5.0 1-85 6 .3 6.1 6.0 5 .7 5.5 5 .2 5.1 4 .6 4 .5 4 .2 4 .1 4.1 4 .4 4 .8 4 .5 4 .1 4 .8 5 .0 5 .7 2—80 3-80 4-80 1-81 2-81 3-81 4-81 1-82 2-82 3-62 4-82 1-83 2-63 3-83 4-83 1-84 2-84 3-64 4-64 4-83 1-84 2-84 3-64 4-64 1 7 3 .5P IN IT IA L QUARTER P- PRELIMINARY OUTPUT PER HOUR OF ALL PERSONS, BU SIN ESS SECTOR COMPOUNDED ANNUAL RATES OF CHANGE TERMINAL IN IT IA L QUARTER 2-80 3-80 3-80 4-80 1-81 2-81 3-61 4-81 1-82 2-62 3-62 4-62 1977*100 1-83 2-83 3-83 98.8 1 .6 4-60 1.2 0 .8 1-81 2 .9 3 .5 2-61 2 .2 9 9 .Ö 100.5 6 .2 3.3 3-81 2 .5 4-61 1.3 1.2 1.3 1-82 1.4 1 .4 1.5 2-82 1.0 3-62 1.1 100.6 0 .4 101.5 3 .6 3 .4 —0 .3 —0 .6 —4 .6 0 .4 - 1 .2 100.3 100.9 2 .4 1 0 0 .i -0.3 - 1 .6 -2 .4 1.1 1.1 0 .2 - 0 .6 0 .0 2 .4 0 .7 0 .1 1.3 0 .9 2 .6 2.6 0 .9 0 .5 1.5 1.3 2 .5 2.6 2 .4 0 .9 4-62 1 .3 1 .2 1.3 1-83 1.4 1 .4 1.4 2-63 1 .7 1 .7 3-63 1.6 4-63 1 .8 - 0 .2 100.9 101.6 1 Ö J.2 103.6 1.6 1.4 1 .5 1 .2 2 .2 2 .1 3 .3 3.6 4 .0 5 .6 1 .9 1.5 1.6 1 .4 2 .3 2 .2 3 .2 3 .4 3 .6 4 .2 2 .7 1.6 1 .9 1 .5 1*6 1 .4 2 .2 2 .1 2 .9 3.0 3 .1 3 .3 2.1 104.3 1Ó4.7 1.5 1-64 1 .9 1 .9 2 .0 1 .7 1*6 1.6 2 .4 2 .4 3 .0 3 .1 3 .2 3 .4 2 .7 2 .7 3 .9 2-64 2 .1 2 .1 2 .2 1 .9 2*1 2 .6 2 .6 3 .3 3 .4 3 .5 3 .7 3 .3 3 .5 4 .4 5 .0 2 .5 3 .0 3.1 3 .1 2 .5 3 .0 3 .1 3 .1 2 .1 2.6 2.6 2 .5 4-62 1-63 2-63 3-64 2 .0 4-64 2 .1 1-65 2 .1 2*1 1 .9 1 .9 2.2 2.0 2-tO 3-60 4-fO 1 .9 1 .9 1 .7 1-61 2*0 2*0 1*6 2 - tl l.f i.O 2 .4 1 .9 2 .5 1 .7 * - il 4 - fl 1-82 2~62 3-#2 105.7 107.0 107.2 2 .6 2.6 3 .2 2 .9 3 .Ì ¿ .è 2.6 3.2 2 .9 1 .9 3 .4 2.6“ T .T 1 .7 Ó.6 0 .6 - 1 .6 1-64 2-64 3-64 4-64 3 .2 2.6 - T .T " 3-63 4-63 0 .7 106.0 1Ö7.5P IN IT IA L QUARTER_________________________ _____________________________________ P- PRELIMINARY PREPAREO 6Y FEDERAL RESERVE SANK OF S T • LO UIS A W lim # W 5 --------------------------------- 10 P R O D U C T I V I T Y , COMPENSATION, AND LABOR COSTS RATIO SCALE 1977-100 RATI O SCALE 1977-100 SEASO NALLY AD JUSTED SOURCEi *.S. IEPARTMCNT Of LAiO* PERCENTAGES ARC AM* AI RATES Of CHANCE FOR PE* IOCS I MOICATED. LATEST »ATA PLOTTED. 1ST tlARTER PRELI Ml MARY PREPARED IY FEDERAL RESERVE SANK Of ST. LOVIS ____________________ WIT LABOft COSTS t SttTOft_________________ CO N PÜU N O ED AN N UAL R A T E S TERMINAL Of CHANGE IN IT IA L QUARTER 1 9 77-1 00 QUARTER________________________________________ ____________________________________________________________________________________________________________________________________________________________ 2-80 3-80 3-80 4-80 1-81 2-81 3-81 4-81 1-82 2-82 3-62 4-82 1-83 T * o 8.2 4-83 1-64 2-64 3-64 4-84 137.1 138.5 1-81 6.8 6 .2 4.1 6 .9 6 .5 5 .6 7.1 3-81 6 .7 6 .3 5 .7 6 .5 140.9 5.8 142.9 "1 4 ?.t" 4-81 7 .6 7 .5 7 .3 8 .4 9 .0 12.3 1-82 7 .7 7 .6 7 .5 8 .3 8 .7 10.2 8.1 2-82 7 .9 7 .8 7.8 8 .5 8 .9 9 .9 8 .7 9 .4 3-82 7 .6 7 .5 7 .4 7 .9 8 .1 8 .7 7 .5 7 .2 4-82 6 .9 6 .8 6 .6 7 .0 7 .0 7 .2 6 .0 5 .3 3.3 1.6 1-83 6 .5 6 .4 6 .1 6 .4 6 .3 6 .4 5 .2 4 .5 3 .0 1.9 2 .3 -3.5 5 .6 5 .4 3-83 5.1 4 .9 4 .6 *-8 3 5.1 4 .9 4 .6 4 .7 4 .4 4 .4 1-84 3-83 134.4 8 .3 2-81 2-83 2-83 8*1 4 .9 5.1 5 .3 5 .0 4 .9 4 .6 4 .4 4 .2 4 .6 4 .4 4 .2 4 .2 4 .0 150.0 153.4 Ï5573 5 .0 155.9 156.6 155.4 2 .9 1.3 0.1 -0 .6 3*1 2 .3 0 .9 -0.1 - 0 .7 -2.2 -0.8 3 .2 2 .6 1.5 0.8 0 .6 0 .0 1.8 4 .5 2 .5 1.6 1.0 0 .9 0 .6 2 .0 3 .4 2 .3 - 3 .0 3 .7 3.1 155.1 156.6 157.7 2-84 4 .4 4 .1 3 .9 3 .8 3 .6 3 .4 2 .5 1.9 1.0 0.4 0 .3 -0.2 0 .7 1.2 - 0 .4 3-84 4 .4 4 .1 3 .9 3 .8 3 .6 3 .4 2 .6 2 .1 1.3 0.9 0 .8 0.5 1.3 1.9 1 .0 0 .4 3 .9 4—84 4 .2 3 .9 3 .7 3 .6 3 .4 3 .2 2 .5 2 .0 1.3 0.9 0 .8 0 .6 i. i t.f 1.6 0 .6 2 .4 1.0 1-85 4 .4 4 .2 3 .9 3 .9 3 .7 3 .5 2 .9 2 .5 1.9 1.6 1.6 ui 2 .3 4 .i 4 .4 776 MO 3-60 4**99 3-61 4-81 1-82 2-82 3-62 4-82 1-83 1-64 2-64 3-84 4-64 a \ -n 2 .T " 2-63 3-83 4-83 156.5 156.0 T O .4 U17W IN IT IA L QUARTER P- PRELIM INARY__________________________________________________________ _______________________________________________________________________________________________ PREPARED BY FEDERAL RESERVE BANK OF S T . LO U IS -------------------------------------------------------------------------------------------------------------- -------------------- A M iirzrri* « * ------------------------------------------------ 11 GROSS NATIONAL PRODUCT IN CURRENT DOLLARS T E R M IN A L Q U A R T ER IN IT IA L 3 -60 -¿ —80 4 -80 1 -81 2 -81 3-81 1 -8 2 4-81 3 -82 2-82 B IL L IO N S OF D O LI AR<; AN N UAL R A T E S OU ART F R 4 -62 1—83 2 -8 3 4 -8 3 1-64 2 -8 4 3 -6 4 4 -8 4 9 .7 4_-eo .1 2 . 6 2 .6 3 9 -1 ..15*5 2 .7 3 6 -0 1-81 * 5 .6 1 8.7 2 2 .1 . 2 -e i 1 3 fZ JL* .3 - L it7 6 .0 . 3-61 13 » l _1A*Q 1 3 .5 9 .5 1 3.1 4-81 U .3 1 1.6 1 0 .7 7 .1 7 .7 2 .5 2 .6 7 5 .6 2 .9 1 6 .0 3 .0 0 9 .3 3 .0 2 7 .9 1—82 9 .6 9 .5 8 .4 5 .2 5 .0 1.1 2 -6 2 9 .0 8 .8 7 .8 5 .1 4 .9 2 .3 2 .2 4 .7 3 -62 8 .2 8 .0 7 .0 4 .7 4 .4 2 .4 2 .3 3 .6 4 -8 2 7 .8 7 .6 6 .6 4 .6 .4 .3 2 .7 2 .7 3 .7 3 *2 3 .9 1 -6 3 7 .8 7 .7 6 .8 5 .1 4 .9 3 .6 3 .8 4 .9 4 .9 6 .2 2 -6 3 _ 8 .2 8 .1 7 .4 5 .8 5 .8 4 .8 5 .2 6 .3 6 .7 8 .2 1 0 .4 1 2 .3 3_-63 _ 9 t? 8 .2 7 .6 6 .3 6 .3 5 .5 5 .9 6 .9 7 .4 8 .7 1 0 .3 1 1 .2 1 0 .1 _ 3 .3 4 6 .6 4-63 8 .5 8 .4 7 .8 6 .6 6 .7 6 .0 6 .5 7 .5 7 .9 9 .0 1 0 .4 1 1 .0 1 0 .3 _ 1 0 .6 3 .4 3 1 .7 _ . - 0 .3 3 .0 2 6 .0 3 . 0 6 1 .7 2 .5 3 . O A O .1 3 .1 0 9 .6 8 .5 3 . 1 7 3 .8 3 .2 6 7 .0 1-64 8 .9 8 .9 8 *4 7 .3 7 .4 6 .9 7 .4 8 .4 8 .9 1 0 .0 1 1 .3 1 2 .0 1 1 .9 1 2 .7 1 4 .9 2-84 9 .0 9 .0 J3 . 5 7 .6 7 .7 7 .2 7 .7 8 .6 9 .1 1 0 .1 1 1 .2 1 1 .7 1 1 .6 1 2 .0 1 2 .8 1 0 .7 3-64 8 .8 8 .8 8 .3 7 .4 7 .5 7 .1 7 .5 8 .3 6 .7 9 .5 1 0 .4 1 0 .7 1 0 .3 1 0 .4 1 0 .3 8 .1 5 .6 4-84 8 .7 8 .7 8 .3 7 .4 7 .5 7 .1 7 .5 8 .2 8 .6 9 .3 9 .9 1 0 .1 9 .8 9 .7 9 .5 7 .8 6 .4 7 .1 1-85 8 .6 8 .6 8 .2 7 .4 7 .4 7 .1 7 .4 8 .1 8 .4 9 .0 9 .6 9 .7 9 .3 9 .2 9 .0 7 .5 6 .5 6 .9 6 .7 2-80 3-80 4-80 1-81 2-81 3-81 4-81 1-82 2-82 3-82 1-8 3 2-83 3-83 4-83 1-64 2-84 3-84 4-64 IN IT IA L P- 4- 8 2 3 .5 5 3 .3 3 .6 4 4 .7 3 .6 9 4 .6 3 .7 5 8 * 7 3 * 8 1 9 .9P QUARTER P R E L IM IN A R Y G R O SS N A T IO N A L PROD UCT I N COMPOUNDED AN N UAL R A T E S T E R M IN A L QUARTER IN IT IA L 2-80 3-80 4-60 1-81 2-81 _ 3-81 4-61 1-82 2-82 197 2 D O L L A R S Q F C H A N G E ___ B IL L IO N S OF DO LLA RS AN N UAL R A T E S QUARTER 3-82 4-62 1-83 2-63 3-83 4-63 1-64 2 - a 4 _ 3-84 4-84 1 .4 6 4 .2 3-60 0 .8 4-60 2 .3 3 .8 1-61 4 .8 6 .8 1 0 .0 2-61 3 .4 4 .3 4 .6 - 0 .5 3-81 3 .3 4 .0 4 .0 1 .1 2 .8 4-61 1 .8 2 .0 1 .6 - 1 .1 - 1 .4 - 5 .4 1 .4 7 7 .9 1 * 5 1 3 .5 1 * 5 1 1 .7 1 .5 2 2 .1 1 * 5 0 1 .3 _ 1 .4 6 3 .5 1-62 0 .9 0 .9 0 .3 - 2 .0 - 2 .5 - 5 .0 - 4 .7 2-62 0 .7 0 .6 0 .1 - 1 .7 - 2 .1 - 3 .6 - 2 .8 - 0 .8 3-82 0 .5 0 .4 0 .0 - 1 .6 - 1 .8 - 3 .0 - 2 .1 - 0 .9 1 .4 6 0 .5 - 0 .9 1 .4 7 7 .1 1 .4 7 8 .8 4-62 0 .5 0 .4 0 .0 - 1 .3 - 1 .5 - 2 .3 - 1 .5 - 0 .4 - 0 .2 1-63 0 .7 0 .7 0 .4 - 0 .7 - 0 .8 - 1 .4 - 0 .5 0 .5 0 .9 1 .9 3 .3 2-63 1 .4 1 .5 1 .3 0 .3 0 .4 0 .1 1 .0 2 .2 3 .0 4 .3 6 .3 3-63 1 .8 1 .9 1 .8 3 .0 3 .7 4 .9 6 .5 6 .1 6 .8 4-63 2 .1 2 .2 2 .1 1 .4 1-64 2 .6 2 .8 2 .7 2 .1 2-84 2 .9 3 .0 3 .0 2 .5 2 .7 1 .0 1 .1 0 .5 1 .4 9 1 .0 1 .5 2 4 .8 9 .4 . 1 * 5 5 0 .2 0 .9 1 .8 1 .6 1 .5 2 .4 3 .4 4 .1 5 .1 6 .3 7 .4 6 .4 5 .9 2 .3 2 .3 3 .2 4 .2 4 .9 6 .0 7 .1 8 .0 7 .6 8 .0 1 0 .1 2 .7 3 .6 4 .5 5 .2 6 .1 7 .1 7 .9 7 .5 7 .7 8 .6 1 * 5 7 2 .7 1 * 6 1 0 .9 7 .1 1 .6 3 6 * 6 3-64 2 .8 3 .0 2 .9 2 .4 2 .6 2 .6 3 .4 4 .2 4 .8 5 .5 6 .3 6 .8 6 .3 6 .1 6*2 4 .3 It * 4-64 2 .9 3 .0 3 .0 2 .5 2 .8 2 .8 3 .5 4 .2 4 .7 5 .4 6 *0 6 .4 5 .9 5 .7 5 .7 * 4 .3 2*9 _ 4 t2 _ 1 —6 5 2 .8 2 .9 2 .9 2 .5 2 .7 2 .6 3 .3 4 .0 4 .4 5 .0 5 *5 5 .8 5 .3 5 ,0 4 .8 3 .5 2 .4 2 .8 1*4 2-80 3-80 4-80 1-81 2-81 3-61 4-81 1-82 2 - 82 3-82 4-62 1-83 2-83 3-83 4-63 1-64 2-64 3-84 4-84 IN IT IA L P- l» 6 4 ? t 2 1 .6 6 2 * 4 1 . 6 6 6 . OP Q U A RTER P R E L IM IN A R Y PREPARED BY FEDERAL RESERVE BANK OF S T. LOUIS APRIL 18, 1965 12 GROSS N A T IO N A L PRODUCT RATI O SCALE QUARTERLY TOTALS AT ANNUAL RATES R A T I O SCA L E T R I L L I O N S OF DOLLARS SEASONALLY ADJUSTED T R I L L I O N S OF DOLLARS 4.2 . 1 . 0 .9 . 8 .7 . 6 .5 .4 .3 . 2 . I . 0 .9 . 8 .7 2 . . 6 2 . .5 2 . 2. 1 2 . 2 I .9 2 . 2 . I 2 . I . 0 .8 1 .7 . 1 . 6 1 .5 I .4 1 .3 1 1977 1978 1979 1980 1981 1982 1983 1984 1985 SOURCE: U. S. DEPARTMENT OF COMMERCE PERCENTAGES ARE ANNUAL RATES OF CHANGE FOR PERIODS INDICATED. L A T E S T DATA P L O T T E D , 1ST QUARTER PRELIMINARY pREpAR£0 BY F£D£RAL RESERVE BANK OF S T . L OUI S 13 . 2 G E N E R A L RATIO P R I C E I N D E X * SCALE RATIO 1972-100 1977 *A S USED SCALE 197 2-1 00 1978 1979 IN NATIONAL 1980 1981 INCOME ACCOUNTS 1983 SOURCE: PERCENTAGES ARE ANNUAL RATES OF CHANCE FOR PER IO D S LATEST DATA PLOTTEDt 1982 U .S . 1984 1985 DEPARTMENT OF COMMERCE INDICATED. 1ST QUARTER PR ELIM IN A RY PREPARED BY FEDERAL RESER VE BANK OF ST . LO U IS IM P L IC IT PRICE DEFLATOR FOR GROSS NATIONAL PR00DCT ___________ COMPOUNDED ANNUAL RATES OF CHANCE_____________ IN IT IA L QUARTER TERMINAL QUARTER 2-Q£__ 3 ~ 8 Q __ 4 ~ 8 Q___L=ftl___2 - 8 1 ___3 - 8 1 __ * - 8 1___1~82__ 2=Â2___3-82__ 4-62 1972 1-8 3__ 2-83 3-83 4-83 1-64 2-84 3-84 100 4-84 8.3— 3-6Q ____LCLti___11 * 3 iT & l 10.4 185.13 11»! 11*0 190.01 3-ei 9 .5 9.7 9 .2 8 .3 1 0 .0 4-81 9 .3 9 .4 8 .9 8 .3 9 .2 8 .3 1-82 8 .6 8.6 8 .1 7 .4 7 .6 6 .5 2 —62 8 .2 8.2 7 .6 7 .0 7 .1 6 .2 5.1 5.6 3-82 1 .1 7 .6 7*0 6*4 6*4 5.5 4 .5 4 .5 3.4 4-82 7 .3 7.1 6 .6 6 .0 5 .9 5.1 4 .3 4.1 3.4 3 .4 1 9 7 .7 0 *201.69 4 .6 203.98 206.77 206.53 210.27 1-83 7*1 6*9 6*4 .5.8 5*7 __ 5.1 4 .4 4 .4 4.0 4 .2 5 .0 2-83 6 .7 6.5 6*0 5 .5 5.4 4 .7 4 .1 4 .0 3 .6 3 .7 3.8 2 .6 3-63 6 .4 6.2 5 .7 5*2 5*1 4 .5 4 .0 3.9 3.5 3 .5 3 .6 2 .9 4-63 6 .3 6.1 5*6 5 .2 5 .0 4 .5 4 .0 3.9 3.7 3 .7 3.8 3 .4 3 .7 4 .4 1-64 6.1 5.9 5 .5 5 .1 5 .0 4 .5 4 .1 4 .0 3.Ô 3.8 3.9 3 .6 4 .0 4 .4 4 .4 2-84 6 .0 5.8 5*4 5 .0 4 .8 4 .4 4 .0 3.9 3*7 3 .7 3.8 3 .6 3 .8 4 .0 3 .9 4 .3 212.87 214.25 3.1 215.89 218.21 220.58 222.40 3.3 5.8 5.7 5*3 4 .9 4*8 4 .0 3.9 3.7 3.8 3.8 3 .6 3 .8 4 .0 3 .9 3.7 4 .0 5 .7 5.5 5.1 4 .7 4 .6 3 .9 3.8 3.6 3 .7 3*7 3*5 3*7 3*8 3*6 3*4 3*4 2*8 1-85 5 .6 5.5 5.1 4 .8 4*7 4 .0 3.9 3.9 3 .8 5*9 3*7 3*9 4*0 3*9 3*6 4*0 4*0 5*2 2-80 3-60 4-80 1-81 2-81 1-82 2-82 3-82 4-62 1-83 2-63 3-83 4-63 1-64 2-64 3-84 4—64 3-81 * 1 00 3-64 4-64 224.57 226*10 229.01P IN IT IA L QUARTER P- PRELIM INARY 14 PREPARED BY FEO S UL RESERVE BANK OF ST* LOUIS APRIL IB • 1985 PERSONAL CONSUMPTION EXPENDITURES IN CURRENT DOLLARS ___________ COMPOUNDED ANNUAL RATPC OP CHAMC.F________________________________________ ____________________ _ icrsn iru ii Q U A RTER B IL L IO N S OF D O LLA RS ANNUAL R A T E S -LLAL Í & JA R T ER - ¿r.atf 4-80 1-81 2-81 3-81 3- B O 1 4 .6 . .4-60 _14_*7 1 4 .6 \~ßl I4 t ? .Ji* L 1 3 .5 2-81 1 2 .5 1 1 .7 1 0 .3 7 .2 3-61 1 2 .2 1 1 .5 1 0 .5 9 .0 1 0 .9 4 —01 1 0 ,6 9 .8 8 ,6 7 ,0 6 .9 3 ,1 1-62 1 0 .3 9 .6 8 .6 7 .4 7 .5 5 .0 4-81 1-82 2-82 _ 3-02 4-02 1-03 2-03 3-03 4 -0 3 1-04 2-04 3-04 4—ft4 1 .6 0 3 .4 1 .7 4 1 .9 1 .7 9 7 .9 1 .0 2 9 .3 1 .0 7 7 .3 1 .8 9 1 .0 8 .6 1 .9 3 1 .3 . I t 62 9 .8 9 .1 8 .2 7 .2 7 .2 6 .0 7 .4 6 .3 3-82 9 .7 9 .0 8 .3 7 .4 7 .5 6 .6 7 .8 7 .4 8 .5 4-82 9 .ó 9 .1 8 .4 7 .7 7 .8 7 .1 8 .2 8 .0 8 .9 1-83 9 .2 8 .6 8 .0 7 .3 7 .3 6 .7 7 .5 7 .2 2-83 9 .6 9 .1 8 .6 8 .1 8 .2 7 .8 8 .6 8 .6 3-83 9 ,5 9 .0 8 ,5 8 .0 8 .1 7 .8 8 .5 4-83 9 .4 9 .0 8 ,2 8 .2 8 .0 8 .6 8 ,6 1 .9 6 0 .9 2 .0 0 1 .3 9 .3 2 .0 4 6 .1 7 .5 7 .0 4 .8 2 .0 7 0 .4 9 .2 9 .5 9 .6 1 4 .5 8 .5 8 .9 9 .0 8 .9 1 1 .0 8 .6 9 .0 9 .0 9 .0 1 0 .4 2 .1 4 1 .6 2 .1 8 1 .4 7 .6 8 .4 9 .3 2 .2 3 0 .2 2 .2 7 6 .5 1-84 9 .4 9 .0 8 .6 8 .2 8 .3 8 .0 8 .6 8 .6 8 .9 9 .0 8 .9 1 0 .0 8 .5 8 .9 8 .6 2-04 9 .4 9 .1 8 .7 8 .3 8 .4 8 .2 8 .7 8 .8 9 .1 9 .2 9. 1 1 0 .0 8 .9 9 .4 9 .4 1 0 .2 3-84 9 .2 8 .8 8 .5 8 .1 8 .2 7 .9 8 .4 8 .4 8 .6 8 .6 8 .5 9 .2 8 .1 8 .3 7 .9 7 .6 4-84 9*0 8 .7 8 .3 8 .0 8 .0 7 .8 8 ,2 8 ,2 8 .4 8 ,3 8 ,2 8 ,7 7 ,8 7 ,8 7 .5 7 ,1 5 .5 6 ,1 1-85 8 .9 8 .6 8 ,3 8*0 8 ,0 7 ,8 8 ,2 8 ,1 0 i3 8 ,3 8 ,2 8 ,6 7 ,8 7 .8 7 ,6 7 ,3 6 ,3 7 ,0 8 ,0 2-80 3-80 4-00 1-01 2 - 81 3-81 4-81 1-82 2-82 3-82 2-03 3 - 83 4-03 1-04 2-04 3-84 4-04 IN IT IA L 4-02 1-8 3 2 .3 3 2 .7 2 .3 6 1 .4 5 .0 2 .3 9 6 .5 2 .4 4 2 .0 P Q UARTER P - P R EL IM IN A R Y P E R S O N A L C O N S U M PT IO N E X P E N D IT U R E S I N 197 2 D O LLA R S _____________COMPOUNDED AN N UAL R A T E S QF CHANGE_____________ T E R M IN A L Q U A R T ER IN IT IA L AN N UAL R A T E S 2-80 3-80 4 .3 4-00 4 .5 1-81 2-81 B I L L I O N S OF D O LLA RS Q UARTER 3 .2 3-00 4-80 1-81 2-ai 3-81 4-01 1-02 2-02 3-02 4 -0 2 1-83 2 -8 3 3 -0 3 4—A3 2-84 3—A4 4—ft4 929-4 4 .6 4 .5 . 4 .4 2 .8 1 .9 9 5 0 .2 - 0 .5 9 4 9 .1 3-81 3 .1 2 .8 2 .2 1 .2 2 .8 4-81 2 .0 _ 1 ,5 0 .7 - 0 .5 - 0 .5 - 3 .7 1-82 2 .1 1 .7 1 .2 0 .4 0 .6 - 0 .4 2 .9 W * 7 9 4 6 .fi < «3-7 2-82 2 .1 1 .8 1 .3 0 .7 1 .0 0 .4 2 .6 2 .2 3-82 2 .1 1 .9 1 .5 1 .0 1 .3 0 .9 2 .5 2 .2 2 .2 4-82 2 .4 2 .2 1 .9 1 .6 1 .9 3 .1 3 .2 3 .7 9 6 4 .2 5 .1 9 7 6 .3 9 6 2 .5 1-83 2 .4 2 .2 2 .0 1 .7 2 .0 1 .9 3 .0 3 .0 3 .3 3 .8 2 .6 2-83 3 .0 2 .9 2 .8 2 .6 3 .0 3 .0 4 .1 4 .4 4 .9 5 .8 6 .2 1 0 .0 3-83 3 .1 3 .0 2 ,9 2 .7 3 ,1 3 .1 4 .1 4 .3 4 .7 5 .3 5 .4 6 .9 3 .0 4-03 3 .4 3 .3 3 .2 3 .1 3 .4 3 .5 4 .4 4 .6 5 .0 5 .6 5 .7 6 .8 5 .3 6 .0 1-84 3 .4 3 .4 3 .3 3 .2 3 .5 3 .6 4 .4 4 .6 5 .0 5 .5 5 .5 6 .3 5 .1 5 .7 4 .6 2 —8 4 3 .7 3 .7 3 .6 3 .5 3 .9 4 .0 4 .8 5 .0 5 .3 5 .0 5 .9 6 .6 5 .0 6 .4 6 .3 3-64 3 .5 3 .5 3 .4 3 .3 3 .6 3 .7 4-84 3 .5 3 .5 3 .4 3 .4 3 .6 3 .7 1-85 3 .6 3 ,6 3 .5 ...lt .* 3 t7 2-80 3-00 4-00 1-01 2-01 3-B1 _ 1 * 0 0 6 .2 1 .0 1 5 .6 1 .0 3 2 - 4 1 .0 4 4 .1 7 .9 1 .0 6 4 .2 4 .4 4 .5 4 .0 5 .1 5 .1 5 .6 4 .7 5 .0 4 .3 4 .2 0 .6 4 .3 4 .5 4 .7 5 .0 5 .0 5 .3 4 .5 4 .7 4 .2 4 .0 _ 2 .1 4 .4 4 .5 4 ,7 4 ,9 4 ,9 5 .2 4 .6 4 .7 4 .3 4 .2 4-01 1-02 2-B2 3-02 4-02 1—6 3 2-03 3-03 4-63 1-64 IN IT IA L P- 1 —04 2-64 1 .0 6 5 .9 3 .6 1 .0 7 5 .4 4 .2 4 .7 3-64 4-64 1 .0 6 7 .9 P Q UARTER P R E L IM IN A R Y PREPARED BY FEDERAL RESERVE BANK OF S T . LOUIS APRIL I B , 1*65 6ROSS PRIVATE DOMESTIC INVESTMENT IN CURRENT DOLLARS TERMINAL QUARTER IN IT IA L 2-BO 3-80 4-80 1-81 3-eo -•14.2 4 rflQ 9 .0 38.5 l-e i 25.7 52.1 67,1 2-61 22.0 37.2 36.6 11.6 3-61 22.0 A—61 2-81 3-81 4 -8 1 1-82 2-82 B IL L IO N S OF CM1AftTPO 3-ft? 4 -8 2 Dm 1 AR Ç 1—ft 3 ANNUAL RATES 2 -«3 3 -A 3 4 -Ä 3 1 —6 4 2 -A 4 3 -A 4 4 -A 4 370 «5 411 « 7 4 6 8 .1 33.3 31.6 1 6 .8 2 1 ,0 17,0 3.9 481 . 1 2 2 .2 505-8 0 .2 -17.7 461.7 lr * Z 5 .9 9 .7 4 .7 -6.8 -12.2 -25.6 -32.8 2-62 4 .6 7.6 3.1 - 6 .4 -1 0 .4 -19.2 -19.9 -4.5 431 . 2 0 .6 -7 .6 - 1 1 .0 -17.8 -17.8 -9.1 -13.5 4 1 5 .9 3-62 2 .4 4 .7 4-82 - 1 .9 -0 .4 1-63 1.0 2.6 4 3 6 .2 -4 .4 -11.7 -1 5 .1 -21.1 -21.9 -17.9 -23.9 -33.1 -0 .7 - 7 .0 - 9 .4 -13.8 -13.0 6 ,4 3 .6 -1 ,8 -3 .3 9.0 6 .7 2 .0 1.0 A—83 9 .4 11.5 9 .5 5 .3 4 .7 1-84 13.0 15.3 13.6 10.0 9 .9 2-64 12.3 14.3 12.8 9 .4 9 .2 -6. 5 -5 .2 3 7 6 .2 3 4 .3 4 0 5 .0 -4 .5 2.5 4.3 10.9 42.8 51.9 1.2 8.3 11.1 18.3 43.0 47.5 43.3 3.0 5 .9 13.0 16.2 2 3 .2 43.5 46.8 44.3 45.2 8 .7 12.2 19.6 23.5 3 1 .0 49.9 54.0 54.7 60.8 8.1 11.1 17.5 20.6 26.4 40.6 41.9 39.5 38.2 34.8 2.1 -1,4 4 4 9 .6 491.9 5 4 0 .0 623 .8 «0 4 .5 7 .0 -8.0 r*- 2-83 3-63 -7.2 627 .0 3-64 13.0 15.0 13.5 10.4 10.4 9 .4 12.3 18.2 21.1 2 6 .2 38.2 38.9 3 6 .4 34.7 31 .4 12.9 4 -8 4 11,3 13.0 11.6 8 ,6 8 .4 7 ,4 9 ,8 14,8 17,0 20,9 30,2 29,6 26,3 23,1 18,1 3.0 3,5 -14.3 1-85 11,4 13,0 11,6 8 .9 8 ,7 7 ,8 10,0 14,7 16,6 20,1 28,2 .2 7 ,4 24.2 21,3 1 7 ,0 5,4 6 .5 -1 .6 12,9 2-80 3-80 4-80 1-81 2-81 3-81 4-81 1-82 2 -8 2 3-82 4-82 1-83 2-8 3 3-83 4-83 1 -8 4 2-84 3-84 4 -8 4 24.9 662.8 637.8 657,4P IN IT IA L QUARTER P- PRELIM INARY G R O S S P R I V A T E D O M E S T I C I N V E S T M E N T 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 Q P C H A N G E ___________ TERMINAL QUARTER 2-80 3—60 B IL L IO N S OF DOLLARS ANNUAL RATES IN IT IA L QUARTER 3-80 4-80 1-81 2-81 3-81 4-81 1-82 2-82 3-ft? 4-82 1-83 2—03 3—ft 3 4-83 1-84 2-84 3-84 4-84 197.4 -9 .5 28.1 210.0 4-60 7 .7 1-81 17.6 34,0 40,2 2-61 15.0 2 4 .6 22.9 7 .7 3-61 14.0 20.8 18.5 8 .9 4-81 6 .9 10,5 6 ,5 -2 ,8 1-62 0 .6 2 .5 - 2 .0 -1 0 .4 -15.8 -26.3 -29.9 2-82 -0.5 0.9 -3.1 -10.0 -13.9 -20.7 -19.7 -8.1 -9.9 -11 .6 228.5 232.8 10.2 238.5 -7 .7 -22.6 223 .7 204.7 200.4 3-62 -1 .8 -0 .8 —4 . 3 -10.2 -1 3 .5 -18,5 -17.1 4-62 -5 .1 -4 .5 - 8 .0 -1 3 .4 -1 6 ,4 -20.9 -20.5 -17.1 -21.3 -29.9 1-63 -2 .0 -1 .2 -4.1 2-83 1 .7 2,7 0 .5 -3 .2 -4 .4 -6.4 -3.3 3-63 4 .1 5.3 3 .5 0 .4 -0 ,4 -1.7 1.8 4-63 6 .2 7.5 5 .9 3 .2 2 .8 2.0 5 .6 1—84 9 .6 11.1 9 .9 7 .7 7 .7 7.5 11.5 -8 .5 -10.6 -13.7 -11 .8 -6.5 194.3 177.a -6.0 -3.1 34.0 191.3 3.1 6.1 12.8 43.0 5 2 .5 8.3 11.9 18.7 41.4 45.3 38 .4 12.0 15.7 22.1 40.3 42.5 37.7 37.0 18.1 22.4 29.2 46.1 49.2 48.2 53.3 71.5 212.6 230.6 249.5 2A5-5 283.9 2-64 8 .8 10.2 9 .0 6 .9 . 6 ,6 6 .5 10.0 15.6 19.0 24.2 36.6 3 7 .1 __3i^5_ 31.9 2 9 .5 —2*2 3-64 9.7 11.0 10.0 8 .1 8 .1 8.0 11.3 16.6 19.7 24.3 34.9 35.0 3 1 .8 30.2 2 8 .0 10.6 4-64 8.3 9.5 8 .4 6 .6 6 .5 6.2 9 .0 13,5 15.9 19.5 27.7 26.8 2 3 .0 20.1 16.2 2.1 4.3 -13.0 1-65 8,3 9,4 8,4 6 ,6 6 ,6 6.3 8 .9 1 3 ,0 15,2 18,3 25,3 _24*2 2 0 ,7 16,0 14.5 3.5 5.5 -3,1 8 ,0 2-80 3-80 4-80 1-81 2-81 3-81 4-81 1-82 2-82 3-82 4-82 1-63 2-63 3-83 4-83 1-84 2-84 3-84 4-64 25.0 300.2 269. 9 2 9 5 .5P IN IT IA L QUARTER P- PRELIMINARY PREPARED BY FEDERAL RESERVE BANK OF ST* LOUIS APRIL IB . 1965 GOVERNMENT PURCHASES OF GOOOS ANO SERVICES IN CURRENT DOLLARS COM POU N u tD ANNUAL RATES Ci r CHAIPttifc-B I L L I O N S OF TERMINAL . IN IT IA L DOLLARS QUARTER QUARTER ANNUAL R AT ES 2-80 3-80 4-60 1 -6 1 2 -8 1 3 -8 1 4 -8 1 1 -8 2 2 -8 2 4—62 3 -8 2 1 -8 3 2 -8 3 3 -6 3 4 —6 3 1 -6 4 2 -8 4 3 -8 4 4 -6 4 3-60 2_«_7 4 -8 0 9 .0 15.6 5 5 9 -0 5 7 6 .6 5 3 9 .1 1-81 10*4 14*4 2-61 9 .3 1 1 .6 9 .6 6.2 3 -6 1 9 .7 1 1 .5 10-2 8 .8 1 1 -4 4 -e i 1 0 *6 1 2 *2 11.4 10.8 13.2 1 5.0 1 3 .2 5 6 5 -3 A Û Î -3 6 22.7 630-9 1-62 9 .8 1 1.1 1 0.2 9 .4 10.5 10.1 5 .4 2-82 8 .8 9 .7 8 .7 7 .8 8 .3 7 .2 3 .6 1.8 3-62 9 .5 1 0.3 9 .6 9 .0 9 .6 9 .1 7 .3 8 .2 1 5.0 4 —6 2 1 0.1 1 0.9 1 0.4 10.0 1 0.6 10.5 9 .4 10.7 1 5.5 15.9 1 -83 9 .0 9.7 9 .0 8 .5 8 .8 8 .4 7 .1 7 .6 9 .6 7 .0 -1 -3 2 -6 3 8 .4 8 .9 8 .3 7 .8 8.0 7 .5 6 .3 6 .5 7 .7 5 .3 0 .4 2 .0 633 .7 656-3 661.0 678-6 6 62-2 3-63 8 .1 8 .6 7 .9 7 .4 7 .6 7 .1 6 .0 6.1 7 .0 5 .1 1 .7 3 .3 4 .5 4 —83 7 .6 8 .0 7 .3 6 .8 6 .9 6 .4 5 .4 5 .4 6 .0 4 .3 1 .5 2 .5 2 .7 1 -8 4 7 .6 7 .9 7 .4 6 .9 7 .0 6 .5 5 .6 5 .7 6 .2 4 .8 2 .7 3 .8 4 .4 4 .3 7 .7 2 -8 4 8 .6 9 .0 8 .5 8 .1 8 .3 8 .0 7 .4 7 .6 8 .3 7 .4 6 .0 7 .6 9 .0 10.6 1 5 .7 6 B 9 .f i 6 9 1 .4 0 .9 7 0 4 .4 743 .7 2 4 .3 3 -8 4 8 .6 9.0 8 .6 8 .3 8 .4 8 .2 7 .6 7 .8 8 .5 7 .7 6 .6 7 .9 9 .1 1 0.3 1 3.6 16*7 9 .6 4 -6 4 8 .7 9.1 8.7 8 .4 8 .6 8 .4 7 .8 8 .0 8 .7 8.0 7 .1 8*3 9 .4 10*4 12*9 1 4 ,7 10*1 10*7 1 -85 8 .6 8 ,9 8*6 8 ,3 8 *4 7 *7 7^9 8*5 7 ,8 7_*Q__ 8*1 8 ,9 9 ,7 11*5 12.5 8*9 8*5 4*1 2 -60 3-60 4 -80 1- 8 1 2 -81 4 -81 1 -8 2 2 -8 2 3 -8 2 1-83 2 -8 3 3 -63 4 -8 3 1 -8 4 2-64 3 -6 4 4 -6 4 3 -81 IN ITIA L 4 -62 7 6 1 .0 760*5 792 *6P . . . QUARTER P- PRELIMINARY GOVERNMENT PURCHASES OF GOODS ANO SERVICES IN 1972 DOLLARS _____________ COMPOUNDED ANNUAL RATES OF CHANGE____________________ B IL L IO N S OF TERMINAL QUARTER IN IT IA L QUARTER 2-80 . 3-80 -3.fi 4-60 - 3 .0 3-80 4-80 1-81 2-81 3-81 4-81 1-82 2-82 3-82 4-82 DOLLARS 1-63 2-63 3-83 4-63 ANNUAL RATES 1-64 2-84 3-84 4-84 264 -D -2-1 l- e i -0 .4 1.4 5.0 2-81 —0 .6 0.5 1.8 -1.3 3-61 0 .2 1.2 2.3 1.0 266-0 265-1 3.3 7A7-4 4-61 0 .6 1,6 2*5 1,7 3.2 3.1 1-82 0 .7 1.5 2 .2 1.5 2 .4 2 .0 0.8 2-82 0 .0 0.6 1.1 0 .3 0 .7 -0.2 -1.8 _ 1.6. 269-6 2VO-2 -4.3 267-0 1.5 2.1 2 .2 1.9 1 .5 1.8 8-3 1.9 2.6 3 .2 _ 2 .9 3 .6 3 .7 3.8 4-8 9-7 11- 1 292-6 1-83 0.9 1.4 1.8 1.4 1.8 1 .6 1.3 1-4 3-4 1.0 -8.1 2-83 0 .6 1*1 1.4 _ 1.0 1.3 1.0 0 .6 0.6 1.9 -0 .2 -5.4 -2 .6 3-63 0.6 0.9 1.2 0 .8 1.1 0 .6 0 .5 0 .4 1.4 -0.3 -3.8 -1 .6 -0.5 _ 4-63 0.2 0*5 0.7 0 .4 0 .5 0 .2 -0.1 -0.3 0 .4 -1.1 -3.9 -2.5 -2.4 -4.3 -1 .6 -1 .3 1-64 0*3 Ot? 0*8 0 .4 0*6 0*3 !? 0 .9 o 3-82 4-82 -0.1 0 .5 - 0 .8 -3.0 2-64 1.3 1*7 1*9 1*7 1.9 l.B 1.7 1.8 2 .6 1.8 0 .3 3-64 1*5 1.9 2 .2 2.0 2 .2 2 .1 2 .0 2.2 2 .9 2 .2 1.0 _ 4—B4 1*8 2.1 2 .4 2 .2 2 .5 2 .4 2 .3 2*5 3 .2 2 .6 1-65 1*7 2*0 2*3 2.1 2 .3 2 .2 2 .2 2 .3 2 .9 2 .4 2-60 3-60 4-BO 1-61 2-81 3-61 4—61 1-62 2-62 3-62 4-62 294-3 292-4 292.0 288.6 289.5 -1*7_ 1 .0 3 .3 4 .6 9 .4 18*6_ 2 .7 3 .7 4 .B 8 .1 1 1 .B 1.6 3*1 4*1 5*0 7 .5 9 * í_ 5*4. 5 .9 1.5 2 .7 L 3*5 4*2 6*0 7 *1 _ 3 .8 3 .0 0 .1 2-83 3-63 4-63 2—64 3-64 4-64 1-83 1-64 302.1 306.1 5*4 310.5 3 10.6P IN IT IA L QUARTER P- PRELIM INARY 17 PREPARED BY FEDERAL RESERVE BANK OF S T. LOUIS APRIL 18. 1965 D IS P O S A B L E P ER SO N A L INCOME IN CURREN T D O LLA R S COMPOUNDED ANNUAL R A T E S QF CHANGE_________ T E R M IN A L QUARTER IN IT IA L B IL L IO N S OF DOl 1 ARÇ QUARTER ANNUAL R A T E S 2-80 3-eo 3-60 1 3 .2 4-60 1 3 .6 1 4 .1 1-61 13 *8 1 4 .2 4-60 1-61 2 —81 3 -81 1-82 2-82 4-62 3-62 1-63 2-83 3-83 4-83 1 -8 4 4-84 7 -A 4 1 . A 4 6 .Û 1 .9 0 8 . 0 1 .9 7 2 .5 2-61 1 2 .1 1 1 .7 1 0 .5 7 ¿0 3-61 1 2 .7 1 2 .6 1 2 .1 1 1 .0 4-61 1 1 .6 1 1 .3 1 0 .6 9 .4 1-62 1 0 .5 1 0 .1 9 .3 8 .1 8 .5 5 .2 4 .3 2-62 9 .8 9 .3 00 * 1 4 .2 7 .4 7 .5 5 .0 4 .5 4 .7 3-62 9 .5 9 .1 8 .4 7 .4 7 .5 5 .6 5 .5 6 .1 7 .4 4-62 9 .3 8 .9 8 .3 7 .5 7 .6 6. 1 6 .1 6 .7 7 .6 2 .0 0 6 .0 F 1 5 .3 7 f 0 7 8 .6 6 .1 2 .1 0 9 .8 2 f 1 3 2 .O 2 .1 5 6 .8 2 .1 9 5 .8 7 .8 2 .2 3 7 .5 1-63 8 .9 8 .5 7 .8 7 .1 7 .1 5 .8 5 .7 6 .1 6 .5 6 .1 4 .3 2-63 8 .8 8 .4 7 .8 7 .1 7 .1 6 .0 6 .0 6 .4 6 .8 6 .6 5 .9 7 .5 3-63 9 .0 8 .6 8 .2 7 .6 7 .6 6 .7 6 .8 7 .2 7 .7 7 .8 7 .8 9 .6 1 1 .7 4-63 9 .1 8 .8 8 .4 7 .9 7 .9 7 .2 7 .3 7 .7 8 .2 8 .4 8 .5 1 0 .0 1 1 .2 2 .2 6 1 .4 2 .3 0 2 .9 2 .3 6 7 .4 2 .4 2 6 .6 1 0 .7 2 .5 0 2 .2 1-64 9 .3 9 .1 8 .7 8 .3 8 .4 7 .7 7 .9 8 .3 8 .9 9 .1 9 .4 1 0 .6 1 1 .7 1 1 .7 1 2 .7 2-64 9 .3 9 .0 8 .7 8 .3 8 .4 7 .8 7 .9 8 .4 8 .8 9 .0 9 .2 1 0 .2 1 0 .9 1 0 .7 1 0 .6 8 .6 3-64 9 .2 9 .0 8 .7 8 .3 8 .4 7 .8 8 .0 8 .4 8 .8 8 .9 9 .1 9 .9 1 0 .4 1 0 .1 9 .9 8 .5 8 .4 4-64 9. 1 8 .8 8 .5 8 .1 8 .2 7 .7 7 .8 8 .1 8 .5 8 .6 8 .7 9 .4 9 .7 9 .3 8 .9 7 .7 7 .2 6 .0 1-65 8 .6 8 .4 8 .1 7 .7 7 .7 7 .2 7 .3 7 .6 7 .8 7 .9 7 .9 8 .3 6^4 l 7 .9 7 .3 6 .0 5 .2 3 .6 1 .2 2-80 3 —80 4-80 1-81 2-81 3-81 4-81 1-82 2-82 3-82 3-83 4-83 1- 8 4 2-84 3-84 4-84 IN IT IA L P- 4-62 1-8 3 2-83 2 .5 5 4 .3 2 .6 0 6 .4 2 .6 4 4 .5 2 .6 5 2 .6 P Q U A R T ER 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 INCO M E I N 1 9 7 2 D O L L A R S XQM PQUN QED AN N UAL R A T E S Q F CHANGE TERMINAL QUARTER IN IT IA L 2-80 3-60 3-80 4 -6 0 1-81 2-81 3 -6 1 4 -8 1 1 -8 2 2 -8 2 4 -8 2 1 -8 3 2 -8 3 3 -8 3 4 -8 3 t —84 2 -8 4 3 -8 4 4 -8 4 2.*? 1 t 0 1 9 .. 2 4-60 3.5 4.1 _ 1- 6 1 4. 0 .4t£.. 2.8 . 2.JB _ 2.2 3-61 3. 6 3.8 3.7 3.0 6.9 4-61 2.9 2.9 2.6 1.7 3.0 -0.8 2^3 2.2 1.8 1.0 1.6 -1.0 -1.2 2.0 1.6 0.9 1.4 -0.4 -0.2 0.8 1.9 1.6 1.0 1.3 0.0 0.2 1.0 1.2 2-61 1-62 3 -8 2 B IL L IO N S OF DOi L ARS ANNUAL RATES QUARTER . 1 f 029 5.1 . -0.7 1 f 0 4 0 .7 1 r 05 8 ..1 1 .0 5 6 , .0 1 .0 5 2 .. 8 2- 6 2 2.1 _ 3-62 2*Q 4- 6 2 2.2 2.1 1.8 1.4 1.7 0.7 1.1 1.9 2.4 3.7 1-63 2.2 2.1 1.9 1.5 1.8 0.9 1.3 1.9 2.3 2.9 2.1 . 1 .0 5 4 . »8 1.057. 1.073,.1 2.3 2.2 2.0 1.7 2.0 1.3 1.6 2.2 2.6 3.0 2.7 3.4 3-63 2.7 2.6 2.5 2.3 2.6 2.1 2.5 3.1 3.6 4.2 4.3 5.5 7.7 4-63 3.1 3.1 3.0 2.8 3.1 2.7 3.2 3.8 4.3 5.0 5.3 6.4 8.0 1.082..0 1 f 102,.2 8.3 1 t 124, .3 1-64 3.4 3.4 3.4 3.3 _ 3.6 3.3 3.8 4.4 4.9 5.6 6.0 6.9 8.2 8.4 8.6 2-64 3.6 3.6 3.6 3.5 3.8 3.6 4.0 4.6 5.1 5.7 6.0 6.8 7.7 7.7 7.4 6.3 3-64 3.6 3.7 3.6 3.5 3.8 3.6 4.0 4.5 5.0 5.5 5.7 6.3 6.9 6.7 6.2 5.1 4-64 3.6 3.6 3. 6 3.5 3.8 3.6 4.0 4.4 4.8 5.2 5.4 5.9 6 .4 6.1 5.6 4.6 3.7 3.5 1-65 3.3 3.3 3.3 3.2 3*4 3.2 3.5 3.9 4. 2 4.5 4.6 4.9 5.2 4.7 4.0 2.9 A.8 0.6 -1.8 2-80 3-8 0 4-60 1-81 2-81 3-61 4-81 1-82 2-82 3-82 4-62 1-83 2-83 3-83 4— 63 1-64 2-64 3-64 4-64 IN IT IA L *9 1 .0 6 7 ..6 2-63 p- i.6 1 .0 4 2 . .5 1.147,.6 1.165,.3 3.9 1.176,.5^ 1.186.7 1*181.4P quarter P R E L I MI N A R Y _ ^ 18 P R E PA R E D B Y F E D E R A L R E S E R V E BANK OF S T . L O U IS A P R IL 18• 1 9 8 5 CO RPO RATE CQMPGUNDFD TERMINAL Q U A R T ER P R O F IT S A FT E R T A X E S * RATFÇ np r. h a n g e ANNUAL IN IT IA L B IL L IO N S OF nm L a r s 1Dll ART F R ANNUAL R A T E S 1-80 2-00 -50.5 3-8 -21.9 2 —80 3—80 4 —fi 0 1-fil 2- A1 3-fll 4 -8 1 1- ft? V-A? A.- A 3 t -A l 4-ft? 1—A4 ?— A4 ■*— A4 139 - 4 23.3 1 4 A -9 4-8.Q.„ “ I ? . 1 .10.7 _ - 0 . 5 1 4 6 .7 _l-81 -9.6 10.5 4.5 9.9 J2j-Q1 -15.1 - 2 .9 - 1 0 .3 - 1 4 .8 1=31- ..Til, I 150.2 - 3 4 .0 -5 *1 —6 * 6 - 1 3 . 9 - 6 .5 - 1 3 .3 1 ^ 5 -4 1 2 .4 1 3 9 .4 4 - ftl - 1 1 .2 - 2 .1 1-82 - 2 0 .6 - 1 5 .1 - 2 0 .2 - 2 3 .6 - 3 0 .3 - 2 9 .0 - 4 3 .6 2-82 - 1 7 .8 - 1 2 .4 - 1 6 .6 - 1 9 .0 - 2 3 .8 - 2 1 .0 - 2 9 .8 - 3 7 .3 8 .7 - 1 2 .0 1 0 4 .7 1 0 6 .9 3-82 - 1 6 .2 - 1 1 .1 - 1 4 .7 - 1 6 .5 - 2 0 .2 - 1 7 .2 - 2 3 .2 - 2 6 .7 4 .4 0 .4 4- 8 2 - 1 6 .6 - 1 2 .2 - 1 5 .4 - 1 7 .1 - 2 0 .4 - 1 7 .9 - 2 2 .8 - 2 5 .3 - 4 .9 - 1 1 .1 - 2 1 .2 1 0 7 .0 loo.a 1-83 - 1 4 .9 - 1 0 .5 - 1 3 .4 - 1 4 .7 - 1 7 .4 - 1 4 .7 - 1 8 .5 - 1 9 .7 - 2 .0 - 5 .3 - 8 .1 7 .3 2-83 - 8 .8 - 4 .0 —6 . 1 - 6 .7 - 8 .4 -4.5 —6 . 7 - 5 .8 1 4 .0 1 5 .4 2 0 .9 4 9 .9 1 0 9 .3 3-83 - 4 .3 0 .7 - 1 .0 - 1 .0 - 2 .1 2 .3 1 .1 3 .2 2 2 .9 2 5 .9 3 3 .3 5 8 .8 9 3 .2 7 8 .3 4-83 —4 . 3 0 .3 - 1 .2 - 1 .3 - 2 .2 1 .7 0 .5 2 .2 1 8 .6 2 0 .3 2 4 .8 4 0 .0 5 2 .9 3 0 .7 - 4 .1 1-84 - 2 .4 2 .1 0 .7 0 .8 0 .1 3 .9 3 .1 5 .0 1 9 .9 2 1 .6 2 5 .6 3 7 .9 4 6 .8 3 0 .4 11*5 2 9 .8 2-84 - 2 .4 1 .9 0 .6 0 .7 0 .0 3 .5 2 .8 4 .4 1 7 .4 1 8 .5 2 1 .4 3 0 .5 3 5 .6 2 1 .7 7 .2 1 3 .3 - 1 .1 3-84 - 3 .5 0 .4 - 0 .9 - 0 .9 -1 *7 1 .4 0 .5 1 *8 12*9 13*3 1 5 .1 2 1 .5 2 4 .0 1 1 .7 - 0 .6 0 .6 - 1 1 .5 - 2 0 .8 4-84 - 3 .4 0 .3 - 1 .0 - 1 .0 - 1 .7 1 .2 0 .4 1 .5 1 1 .4 1 1 .7 1 3 .0 1 8 .3 1 9 .9 9 .3 - 0 .9 - 0 .1 - 8 .4 - 1 1 .9 - 2 .0 1 - 80 2-80 3-80 4-80 1-81 2- 61 3-81 4-81 1-82 2-82 3 - 82 4-82 1-83 2-83 3-83 4-83 1-84 2 —84 3-84 1 0 2 .6 1 2 3 .4 1 4 2 .6 1 4 1 .1 1 5 0 .6 1 5 0 .2 1 4 1 .7 1 4 1 .0 1-85 H.A. IN IT IA L * N A T IO N A L IN CO M E Q UA RTER B A S IS H.A. - n o t a v a ila b le PR EPA RÊO BY F E D E R A L A P R I L 18* 1 9 8 5 RESERVE BA N K 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 ta tistica l Tables (Stock number 0P3-O1O-00101-1, price $10.00). Estimates for 1977-79 and corrections for earlier years are in the Ju ly 1982 SURVEY; estimates for 1980 and corrections for e a rlie r years are in the Ju ly 1983 SURVEY; estimates for 1981-83 are in the Ju ly 1984 SURVEY. Estimates for the periods since, appear in subsequent issues of the monthly Survey of Current Business. These publications are available from the Superintendent of Documents, U.S. Government Printing Office, Washington, D.C. 20402. For further information, write to the National Income and Wealth Division (BE-54) Bureau of Economic Analysis, U.S. Department of Commerce, Washington, D.C. 20230. 19 ST. L O U IS INVENTORIES COMPARED WITH MONTHLY SALES* MANUFACTURING AND TRADE RATIOS BASED L AT E S T X DATA PL OTTE D: R EV IS ED FROM 1977. SOURCE: ON SEASONALLY ADJ USTED DATA. SHADED AREAS R E P R E S E N T P E R I O D S OF B U S I N E S S U. S . DE P ART ME NT OF COMMERCE RECESSIONS. FEBRUARY P R E L I MI NA R Y PREPARED BY FEDERAL 20 R E S E R V E BANK OF ST. LOUI S