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n tiio n o L
PREPARED

MONTH ENDING:

Ju ly 31, 1969

BY

E co n o m ic
FEDERAL

RESERVE

treiid s

BANK OF ST. LOUIS

R ELEA SED 1A u g u s t 20, 1969

T o ta l sp en d in g has r e m a in e d s tr o n g and p r i c e s h ave
con tin u ed to r i s e r a p id ly w h ile g row th o f r e a l p r o d u c t has s lo w e d
c o n s id e r a b ly « S in ce la s t s u m m e r , tota l sp en d in g has r is e n 7. 7
p e r c e n t (p a g es 8 and 9)* lit t le ch a n g ed f r o m the g ro w th r a te o f
the p r e v io u s fiv e y e a r s , w hile r e a l p r o d u c t has in c r e a s e d on ly
3 p e r c e n t (p a g es 8 and 9 ), c o m p a r e d w ith a 5 .1 p e r c e n t r a te o f
in c r e a s e o v e r the 1964-1968 p e r io d . The g e n e r a l p r i c e le v e l has
r is e n 4 . 6 p e r c e n t s in c e m id -1 9 6 8 (page 15 ),c o m p a r e d w ith the
3 p e r c e n t annual r a te o f in c r e a s e f r o m 1964 to 1968.
G r o s s p r iv a te d o m e s t ic in v e s tm e n t (w h ich in c lu d e s
r e s id e n t ia l, n o n r e s id e n t ia l, and in v e n to ry in v e s tm e n t) r o s e at a
6. 7 p e r c e n t ra te in the s e c o n d q u a r te r (s e e the Q u a r t e r ly S u p p le­
m e n t r e le a s e o f th is B ank, page 3 ), c o m p a r e d w ith a 13. 2 p e r
c e n t in c r e a s e in the p r e v io u s y e a r . T his s lo w in g in o v e r a ll in v e s t ­
m e n t a c t iv it y r e f l e c t s w ea k en ed h ou sin g in v e s tm e n t, w h ich has
m o r e than o f fs e t in c r e a s e s in plant and e q u ip m e n t and in v e n to r y
s p en d in g .
In d u s tr ia l p r o d u c t io n , b u oy ed by ga in s in b u s in e s s
e q u ip m e n t output, r o s e at an 8 .4 p e r c e n t r a te in the A p r il- J u ly
p e r io d (p a g es 4 and 5 ), w e ll a b o v e the 5 . 2 p e r c e n t in c r e a s e in
the p r e v io u s y e a r and the 4. 6 p e r ce n t 1957-1968 tre n d r a t e .
P a y r o ll e m p lo y m e n t has a ls o con tin u ed to r i s e r a p id ly , in c r e a s in g
a t a 3 .9 p e r c e n t r a te in the p a s t th re e m on th s (p a g e s 2 and 3),
c o m p a r e d w ith a 3. 6 p e r ce n t in c r e a s e in the p r e v io u s y e a r .
T o ta l c iv ilia n e m p lo y m e n t, w h ich r o s e at a 1. 6 p e r ce n t annual
r a te f r o m 1957 to 1968, has in c r e a s e d 2 .4 p e r c e n t in the p a s t
y e a r (p a g es 2 and 3 ).
O v e r a ll w h o le s a le p r ic e s in c r e a s e d at a 5 p e r c e n t r a te
f r o m A p r il to Ju ly (page 12),alth ou gh p r ic e s o f in d u s t r ia l c o m m o d it ie s
in c r e a s e d a t o n ly a 1 p e r c e n t ra te (p a ges 13 and 14); w h o le s a le p r ic e s
o f f a r m p r o d u c t s , fo o d and fe e d r o s e v e r y r a p id ly o v e r that p e r io d
(page 14). C o n s u m e r p r ic e s r o s e at a 6 .4 p e r c e n t r a te in the f i r s t
s ix m on th s o f this y e a r (p a g es 12 and 13),a ft e r in c r e a s in g 5 p e r ce n t
d u rin g 1968 and at a 2 p e r ce n t ra te f r o m 1957 to 1968.




TOTAL C IV IL IA N EMPLOYMENT
COMPOUNDED AHHU4L R4IES QF ¿HANÇE
TERMINAL

^THOUSANDS
OF PERSONS

IW IT IA i

MONTH
01-68

02-68

03-6 $

04-68

2'
?
«V
o 1

12-67
01-68

06-68

07-69

Oft-frt 0 9 - 4 !

10-6*

11-68

12-68

01-69

02-69

0 3 -6 9 04-69

05-6 9

06-6 9

6 . 0-

75,085

02-68

1.3

9.2

03-68

1.6

5.5

04-68

.7

3.1

.1

05-68

1.5

3.4

1.6

1.3

4.5

06-6 8

I . *»

3.0

1.5

1.3

2.8

07-68

1.3

2.5

1.2

1.0

2.0

.7

.3

08-6 8

1.0

2.0

.9

.7

1.3

.2

.2-

09-68

.9

1.8

.8

.6

I. 1

.3

.0

.2

.4

10-68

•8

1.6

.7

.5

.9

.2

.0

.1

.2

11-68

1.3

2.1

1.3

1.2

1.7

1.2

1.2

1.5

2.2

3.1

6.3

12-68

1.7

2.4

1.8

1.8

2.2

1.9

2.0

2.«

3.2

4.1

6.2

01-5 9

2.2

2.9

2.3

2.3

2.8

2.6

2.8

3.2

4.0

4.9

6.6

S .8

7.5

02-59

2.6

3.2

2.8

2.8

3.3

3.2

3.4

3.9

4.7

5.6

7.0

7.2

7.8

8.0

03-69

2.4

3.1

2.6

2.7

3.1

2.9

3.1

3.5

4.1

4.7

5.7

5.5

5.3

4.3

04-59

2.1

2.7

2.2

2.2

2.6

2.4

2.5

2.B

3.2

3.7

4.3

3.9

3.3

2.0

.9-

2.5-

05-6 9

1.7

2.2

1.7

1.7

2.0

1.8

1.8

2.3

2.3

2.5

2.9

2.3

1.6

.1

2.4-

3.8-

06-69

1.9

2.4

2.0

2.0

2.3

2.1

2.2

2.«

2.7

2.9

3.3

2.9

2.4

1.4

.2-

.5-

07-69

2.0

2.5

2.1

2.1

2.3

2.2

2.3

2.4

2.7

3.0

3.3

2.9

2.5

1.7

,3

.4

1.4

12-S 7 0 1- 6 8

02-68

03-68

04-68

05-68

06-68

07-6Î

08-68

09-69

10-68

11-68

12-68

01-69

02-69

03-69

04-69

75* 6 40
2.0

75,764
1.7-

75,653
75*932
1.2

76*005
76*020
.7

75*973
76*000
76*002

.3

INITIAL

76* 388
6.1

76*755

INITIAL
12-67

01-58

01-68

02-68

03-68

i 4-68
0

0
i 5-68

06-68

i 7-69
0

08-68

77*729
.6

7 7* 75 7
7 7 * 60 5
5.1.5

77*255
6.5

7 7 * 67 1

4 . 8 3 , 2

77* 874

35-69

06-69

MONTH
PREPARED BY F E D E R A L
AUGUST 5 , 1 9 6 9

P AY R O L L EMPLOYMENT
COMPOUNDED ANNUAL R A T E S OF CHANGE
T E R MI N AL
MONTH

_ 7 7 , 2 2 9

RESERVE

B4JIIC OF
—

10-68

L3 UI S

T HOUSANDS
OF PERSONS

MONTH

1 9-68
D

ST.

11-68

12-68

01-69

02-69

03-69

04-69

35-69

06-69
56*720

.2-

02-68

3.9

03-68

3.3

5.2

2.2

04-68

3.3

4.5

2.7

3.3

05-68

3.0

3.8

2.3

2.4

8.3

6 7 , 1S5
£>7*285
67*466
57* 5*0

1.5

06-6 8

3.3

4.0

2.9

3.2

3.2

4.8

07-68

3.1

3.7

2.8

3.0

2.9

3.6

2.3

08-68

3.1

3.5

2.8

2.9

2.8

3.2

2.4

09-6 8

2.9

3.3

2.6

2.7

2.6

2.9

2.3

2.2

1.9

1 0-68

3.1

3.4

2.8

2.9

2.9

3.1

2.7

2.9

3.0

67*816
....

.67t945

2.5

58*195
4.2

68.427

11-68

3.2

3.5

3.0

3.1

3.1

3.3

3.0

3.2

3.4

4.2

4.2

12-68

3.2

3.5

3.1

3.2

3.2

3.4

3.2

3.3

3.5

4.1

4.0

3.7

01-69

3. 1
*

3.7

3.3

3.4

3.4

3.7

3.5

3.7

4.0

02-69

3.5

3.8

3.5

3.6

3.6

3.8

3.7

3.9

4.2

4 .6

4.7

4.9

5.5

5.1

6 8* 66*4
58*875
5.1

. 69,199
59*487

03-69

3.6

3.8

3.5

3.6

3.6

3.9

3.7

3.9

4.1

4.5

4.6

4.6

4.9

4.5

3.9

0 * —6 9

3. 4

3.7

3.3

3.4

3.5

3.6

3.5

3.5

3.«

4.0

4.0

4.0

4.0

3.5

2.7

05-69

3.1»

3.7

3.4

3.5

3.5

3.7

3.5

3.7

3.8

4.0

4.0

4.0

4.0

3.6

3.1

2.7

3.9

06-69

3.5

3.7

3.5

3.5

3.6

3.7

3.6

3.7

3.9

4.1

4.1

4.0

4.1

3.8

3.4

3.3

4.2

4.5

07-69

3.5

3.7

3.4

3.5

3.5

3.7

3.6

3,7

3.1

4.0

4.0

4.0

4,0

3,7

3.4

3,3

3,9

_î*9

12-67

< 1-68
3

02-68

i 3-68
0

i 4-68
0

i 5-6«
0

06-68

i 7-68
0

08-68

09-68

10*61

11-68

12-68

01-69

02-69

03-6 9

04-6 9

35-69

INITIAL

69*710
69.789

1.4

70,013
70,270?
3*3.

70.462»

OV-69

MONTH

P - PRELIMINARY




... .

56* 088

PREPARED BY FEDERAL RESERVE 8AM< 3F ST. LOUIS
AUGUST 5* 19*9

3

Em ploym ent
Ratio S ca le

Ratio S c a le

S o u r c e : U.S. D e p a r t m e n t of L a b o r
Percentages are annual rates of change between periods indicated. They are presented to aid in compar ing
most recent developments with past "trends.”
Data for payroll e mp lo y m en t revised from J a n u a r y 1967 through J une 1969
Latest d at a plotted: July prel imi nar y




Prepared b y Federal

Reserve Bank of St. Louis

4

I N D U S T R I A L PRODUCTION
P
COMPOU ND E D ANNU AL R A T E S O C H A N GE
TERMINAL
MONTH
12-67

IN ITtÂL
1-68

2-68

3-68

1-68

-0 .4

00
>
0
1
r

2.2
0.7

3.3

1.9

7-68

8-68

9-68

10-68

11-68

12-68

1-69

2-69

*-69

4-69

5-69

*

100

6-69

7.7

4 —68

6-68

6.1
6.9

5-68

-6.5

2-68

4-68

1957-59

MONT H

-3 .6

161.2
162.0
163.0

V
*
1
00

162.5

3.1

00
>
c
1
•
a

4.6

7-68

4.2

6.0

6.0

5.6

8.9

6.8

1.5

8-68

2.3

3.6

3.2

2.4

3.9

1.0

-4 .3

-9 .7

5.7

5.5

4.5

13.3

7.0

7.2

7.1

12.8

12.3

164.2
165.8
166.0
164.6

9-68

2.5

3.7

3.3

2.6

3.9

1.7

-1 .7

-3 .2

3.7

10-68

2.9

4.0

3.7

3.2

4.4

2.7

0.4

0.0

5.2

6.7

11-68

3.6

4.7

4.6

4.2

5.3

4.1

2.5

2.7

7.2

9.0

11.4

12-68

4. 1

5.1

5.0

4.7

5.8

4.7

3.5

3.9

7.7

9.0

10.2

8.9

1-69

4.0

4.9

4.8

4.5

5.5

4.5

3.4

3.8

6.7

7.4

7.7

5.9

2-69

4. 2

5. 1

5.0

4.8

5.6

4.8

3.9

4.3

6.8

7.4

7.6

6.4

5.1

7.3

3-69

4.6

5.4

5.3

5.2

6.0

5.3

4.5

4.9

7.2

7.8

8.0

7.1

6.6

8.4

4-69

4.4

5.2

5. 1

4.9

5.7

5.0

4.3

4.6

6.5

7.0

7.0

6.1

5.4

6.3

5.8

2.1

5-69

4.6

5.3

5.2

5.1

5.8

5.2

4.5

4.9

6.6

7.0

7.0

6.3

5.8

6.5

6.3

4.6

7.2

6-69

4.8

5.5

5.5

5.3

6.0

5.4

4.9

5.2

6.8

7.2

7.2

6.6

6.3

6.9

6.9

6.0

7.9

8.7

7-69

5.0

5.7

5.7

5.6

6.2

5.7

5.2

5.5

7.0

7.4

7.5

7.0

6.7

7.3

7.3

6.8

8.4

9.0

9.3

12-67

1-68

2-68

3-68

4-68

5-68

6-68

7-68

8-68

9-68

10-68

11-68

12-68

1-69

2-69

3-69

4-69

5-69

6-69

165.1

INITIAL
P-

1 66.0
167.5
168.7
2.9

169.1
170.1
9.6

171.4
171.7
172.7
1 7 3 . 9P
1 7 5 . 2P

MONT H

PRELIMINARY




PREPAREO BY F E D E R A L
AUGUST 1 5» 1969

RESERVE

B ANK O F

ST.

LOUIS

5

Ratio Scale

Industrial Production

Ratio Scale

Percentages are annual rates of change between periods indicated. They are presented to aid in
comparing most recent developments with past ’’trends.”
L atestdata plotted: J ul y p r el i m i n a r y




Prepared by Federal Reserve Bank of St. Louis

RETAR SALITCOMPOUNDED ANNUAL R A T E S OF CH ANCE
T E R M I N A L _________________________
' MONTH
12-67
1-68
2-68
3 -68

____ I N I T I A L
4—68

5-68

1-68

22.3
23.7

23.1

14.8

11.5

7.7

5-68

15.2

12.9

10.7

3.5

13.8

11.7

9.8

4.7

12.0

10-68

11-68

12-68

1-69

2-69

____________________________________M I L L I O N S OF
"TSOLLÄW '
6-69
3-69
4— 6 9
5-69

17.1

6-68

9-68

_____________

26.7

4-68

MONTH

19.6

3-68

8-68

25.0

2-68

6-68

7-68

7.1

27,043
27,449
27,996
27,791

-8.4

28,158
28,320
28,674

14.1

12.4

11.0

7.4

13.3

11.5

16.1

ll.l

9.8

6.7

10.8

8.8

9.7

3.7

œ
<■
©
1
00

7-68

12.8

9-68

12.0

10.5

9.2

6.6

9.9

8.1

8.5

4.9

6.1

10-68

9.8

8.2

6.9

4.3

6.6

4.7

4.0

0.3

-1.3

-8.2

i 1-68

9.3

7.9

6.6

4.4

6.3

4.7

4.2

1.4

0.6

-2.0

4.7

1 2-68

6.8

5.3

3.9

1.7

3.0

1.2

0.2

-2.7

-4.2

-7.5

-7.1

28,760
28,902
28,697
28,806
28,347

-17.5

28,989

1-69

8.5

7.2

6. 1

4.3

5.8

4.5

4.1

2.2

1.9

0.9

4.1

3.9

30.8

2-69

8.8

7.6

6.7

5.0

6.5

5.4

5.2

3.7

3.7

3.2

6.3

6.9

21.7

13.1

3-69

7. 1

5.9

4.9

3.3

4.4

3.2

2.8

1.3

0.9

0.1

1.8

1.2

8.3

-1.5

- 14.3

4-69

8.1

7.0

6.2

4.8

5.9

5.0

4.8

3.6

3.6

3.2

5.3

5.4

12.0

6.4

3.2

24.2

5-69

7.4

6.4

5.6

4.2

5.3

4.4

4.1

3.0

2.9

2.5

4.2

4.1

9.0

4.2

1.3

10.2

-2.3

6-69

6.9

5.9

5.1

3.8

4.7

3.9

3.6

2.5

2.4

2.0

3.4

3.2

7.1

2.9

0.5

6.0

-2.1

-2 .0

7-69

6.9

5.9

5.2

4.0

4.8

4.0

3.8

2.8

2.7

2.4

3.7

3.5

7.0

3.4

1.6

6.0

0.5

2.0

6.1

12-67

1-68

2-68

3-68

4-68

5-68

6-68

f— 6 8

8-68

9-68

10-68

11-68

12-68

1-69

2-69

3-69

4-69

5-69

6-69

INITIAL
P-

29,289
28,916
29,442
29,386
29,337P
2 9 , 481P

MONTH

PRELIMINARY
P REPARED BY F E D E R A L
AUGUS T 1 2 » 1 9 6 9
PERSONAL
COMPOUNDED ANNUAL

T E R MI N A L
MONTH
12-67
1-63

1 1.1

1-68

2-68

3-68

4-68

5— 6$

6-68

7-68

8-68

9-68

BANK OF

ST.

MONTH

LOUIS

10-68

1 1-68

12-68

1-69

2-69

3-69

4-69

B I L L I O N S OF
D OL L AR S
ANNUAL R A T E S
5-69
6-69

6.2

2-6«

INITIAL

R E S E RVE

I NCOME
R A T E S OF CHANGE

656.3
664.6

16.3

3— 6 8

12.1

15. 1

1 4 . (I

4-6 8

10.1

11.4

9.0

4.2

671.9

5-68

10. 3

11.3

9.7

7.6

6-6 9

10.3

11.2

9.9

8.6

10.9

10.5

7-68

10.2

10.9

9 .a

8.8

10.3

9.9

674.2
680.2

11.2
685.9
9.3

691.0

8-6 H

10 . 1

10.6

9.7

8.9

10.1

9.7

9.3

9.2

9-68

9.9

10.4

9.6

8.9

9.8

9.5

9.2

9.1

10 - 6 8

9.9

10.3

9.5

8.9

9.7

9.4

9.1

9.1

9.0

9.1

11-68

9.3

10.2

9.5

9.0

9.7

9.4

9.2

9.2

9.1

9.2

9.4

12-68

9.6

10 . 0

9.4

8.8

9.4

9.2

9.0

8.9

8.8

8.8

8.6

7.9

1-69

9.3

9.5

8.9

8.4

8.9

8.6

8.3

8.2

8.0

7.7

7.3

6.2

4.6

2-69

9.2

9.5

8.9

8.5

8.9

8.7

8.4

8.3

8.1

8.0

7.7

7.2

6.8

9.0

3-69

9.4

9.6

9. 1

8.8

9.2

9.0

8.8

8.7

8.7

8.6

8.5

8.3

8.5

10.4

11.9

4-69

9.3

9.6

9. 1

8.7

9.1

8.9

8.8

8.7

8.6

8.6

8.5

8.3

8.4

9.7

10.1

8.4

5-69

9.2

9.4

9.0

8.6

9.0

8.8

8.6

8.6

8.5

8.4

8.3

8.2

8.2

9.2

9.2

7.9

7.4

6-69

9.3

9.5

9.1

8.7

9.1

8.9

8.8

8

.i

8.7

8.6

8.6

8.5

8.6

9.4

9.5

8.7

8.9

10.4

7-69

9.4

9.5

9. 1

8.8

9.2

9.0

8.9

8.9

8.8

8.8

8.8

8.7

8.8

9.6

9.7

9.1

9.4

10.4

10.4

12-67

1-68

3-68

4-68

5-68

6-68

7-68

8-68

9-68

10-68

11-68

12-68

1-69

2-69

3-69

4-69

5-69

6-69

2-68

696.1
9.0

701.1

INITIAL
P-

706.2
711.5
716.0
718.7
723.9
730.7
735.6
740.0
7 4 6 . IP
7 5 2 . 3P

MONTH

PRELIMINARY




PREPARE O BY F E D E R A L
A U GU S T 1 5 « 1 9 6 9

RES ERVE

BANK OF S T .

LOUIS

7

Retail Sales
Ratio S ca le

Ratio S ca le

Source: U. S. Dep a r t me n t of Comme rce
Percentages are ann ual rates of cha ng e between periods indicated. They are presented to a id in co m p a rin g
most recent developments with past "trends."

La testdata plotted: Jul y p re l i m i n a ry
Prepared byFederalReserveBankofSt.Louis

Personal Income
Ratio S ca le




Ratio Scale

Source: U.S. Depar t ment of Commer c e
Percentages are annual rates of change between periods indicated. They are presented to aid in
comparing most recent developments with past 'trends.'’
l at est d a t a plotted: July preliminary

Pr«f>a r*d by F « d t ra I Reie rve Bank of St. Lou is

T E R MI N A L
QUART ER
3— d 4

4-64

1-65

2-65

3-65

4-65

GROSS N A T I O N A L PRODUCT I N CU RRENT D OL L AR S
COMPOUNDED ANNUAL R A T E S OF CHANGE
___________________________________________________________________________________________ ________________ B I L L I O N S OF
I N I T I A L QUART ER
DOLLARS
ANNU AL R A T E S
2-66
1-66
3-66
4-66
1-67
2-67
3-67
4-67
1-68
2-68
3-68
4-68
1-69

4 —64

»,q

1-65

7.6

1 1.4

2-6 5

7.3

9.7

3.0

3-65

R. ?

9.6

3.7

9.4

4-65

8.3

10.1

9.6

10.4

11.4

1-66

9.2

1 0.3

10.1

10.8

11.4

11.4

2-66

9.0

9.9

9.6

10.0

10.2

9.6

7.8

1-66

p. a

9.5

9. 2

9.4

9.4

3.7

7.4

7.0

4-66

8.7

9.3

9.0

9.2

9.1

8.5

7.6

7.5

645.1
662.8
675.7
691.1
710.0
729.5
743.3
755.9
8.1

770.7

1-67

8.0

3.4

H.i

8.1

7.9

7.2

6.1

5.6

4.9

1.8

2-67

7.7

8. 1

7.7

7. 7

7.4

6.3

5.9

5.4

4.9

3.3

4.9

774.2
783.5

3-67

7.8

3.2

7.3

7.3

7.6

7.1

6.4

6. 1

5.9

5.2

6.9

3.9

4-6 7

7.8

8.2

7.9

7.3

7.7

7.2

6.6

6.4

6.3

5.9

7.3

8.5

800.4
3.1

316.1

1—6 8

3.0

3. 3

3.0

3.0

7.9

7.5

7.0

6.9

6.9

6.7

7.9

3.9

3.9

9.7

2-68

-<.2

3.5

3.3

8.3

3.2

7.9

7.5

7.5

7.6

7.*

8.6

9.6

9.8

10.7

11.7

3-68

3.2

3. 5

3.3

8.3

8.2

8.0

7.6

7.6

7.7

7.6

8.6

9.4

9.5

10.0

10.1

8.5

4-6 8

8.2

8. 5

3.3

8.3

3.2

7.9

7.6

7.6

7.7

7.6

8.5

9.1

9.1

9.4

9.2

8.0

7.6

1-69

3.1

8.4

3.2

8.2

3.1

7.9

7.6

7.6

7.6

7.6

3.3

8.8

3.8

9.0

8.8

7.8

7.5

7.5

2-69

8.1

8.3

3.2

8.2

3.1

7.3

7.6

7.6

7.6

7.6

8.2

8.6

8.6

8.7

8.5

7.7

7 *4

7.4

7.3

3-64

4— 64

1-65

2-65

3-65

4-65

1-66

2-66

3-66

4-66

1-67

2-67

3-67

4-67

1-68

2-68

3-68

4-68

1-69

IN ITIAL

835.3
858.7
876.4
892.5
908.7
924.8

QUARTER

PREPARED BY F E D E R A L
AU GUS T 1 5 , 1 9 6 9

RESERVE

BANK OF

ST.

LOUIS

GROSS N A T I O N A L PROOUCT I N C O N S T A N T 1958 DOLLARS
COMPOUNDED ,ANNUAL « A T E S OF CHANGE
IN ITIAL

TERMI NAL
QUART ER
3-64

4-64

1-65

2-65

3-65

4-65

4-64

5.5
5.6

7.6

6.3

7.3

7. 1

6.9

8.2

7.8

8.8

7.1

3.2

7.9

8.5

8.7

2-67

3-67

8.1

4-67

1-68

2-68

3-68

4-68

1-69

9.4

1-66

1-67

3.2

4-65

4-66

6.0

3-65

3-66

9.2

2-65

? — 66

1.9

1-65

1-66

B I L L I O N S OF
DOL L A R S
ANNUAL R A T E S

i UARTER
Q

588.5
601.6
610.4
622.5
636.6
649. 1

2-66

6.6

7.4

7.0

7.3

7.0

5.9

3.7

3-66

6.2

6. 8

6.4

6.5

6. 1

5.0

3.4

3.2

4-66

6.0i

6.5

6.2

6.2

5.8

4.9

3.9

4.0

4.9

1-6 7

5.3

5.7

5.3

5.2

4. 7

3.7

2.7

2.3

1.9

-1.0

?-67

5.0

5.4

4.9

4.8

4.3

3.5

2.6

2.4

2.1

0.7

2.4

3-67

5.0

5.3

4.9

4.8

4.4

3.7

2.9

2.8

2.7

2.0

3.5

4.5

4-6 7

4.9

5.1

4.8

4.6

4.2

3.6

3.0

2.9

2.3

2.3

3.4

3.9

3.3

1-68

4.9

5.2

4.8

4.7

4.4

3.9

3.3

3.3

3.3

3.0

4.0

4.6

4.6

5.9

2-68

5.1

5.3

5.0

5.0

4.7

4.2

3.8

3.8

3.9

3. 7

4.7

5.3

5.5

6.6

7.4

3-68

5.0

5.2

5.0

4.9

4.6

4
< .2

3.8

3.8

3.9

3. 8

4.6

5.0

5.1

5.8

5.7

4.0

4-68

4.9

5.1

4.8

4.8

4.5

4.1

3.8

3.8

3.3

3.7

4.4

4.7

4.8

5.1

4.9

3.6

3.2

1-69

4.8

5.0

4.7

4.6

4.4

4.0

3.7

3.7

3. 7

3.6

4.2

4.4

4.4

4.6

4.3

3.3

2.9

2.6

2-69

4.6

4.8

4.5

4.5

4.2

3.9

3.5

3.5

3.6

3.4

3.9

4.1

4.0

4.2

3.8

3.0

2.6

2.3

2.0

3-64

4-64

1-65

2-65

3-65

4-65

1-66

2-66

3-66

4-66

1-67

2-67

3-67

4-67

1-68

2-68

3-68

4-68

1-69




655.0
660.2
668.1

INITIAL

666.5
670.5
678.0
683.5
693.3
705.8
712.8
718.5
723.1
726.7

QUARTER

PREPARE D BY F E D E R A L
AUGUST 1 5 , 1 9 6 9

RES ERVE

BANK OF S T .

LOUIS

9

Demand and Production
Ratio Scale

1961

Ratio Sca le

Q uart*rlyTotaU at Annual Rates

1962

1963

1964

1965

1966

H G N P in current dollars.

1967

1968

1969

Source-. U.S. D e pa r tm e n t of C o m m e r c e

[2 G N P in 1958 dollars.
Percentages are annual rates of c h a n g e b et wee n periods indicated. T h e y are present ed to a i d in
co m p a r i n g most recent d eve lo pme nt s with past " t r e n d s . ”
Latest dat a plotted: 2nd quar ter



P re p ar ed by Fe der al Reserve Bank of St. Louis

JD
F I N A L S A L E S I N C U R R E N T D OL L ARS
c of c pöu NOED A n n u a l r a t é s o f c h a n g e
TERMINAL
QUA RT E R

INITIAL
3-64

4-64

i-65

'2-6*'

3-65

4-6*

4-64

5.7
6.9

9.4

7.6

9.5

9.5

4-65

8.3

9*9

10.0

10.3

8.7

10.0

10.2

10.4

10.9

1-67

2-67

3-67

4-6f

1-68

2-68

3-68

4-68

1-69

11. 1

1-66

4-66

9.5

3-65

3-66

9.4

2-65

2-66

•2. 1

1-65

1-66

B I L L I O N S OF
DOLLARS
ANNUAL R A T E S

QUART ER

10.6

637.4
651*9
666.8
9.5

682.1
700.3
718.2

2-66

8.1

9.2

9.1

9.0

8.9

7.8

5.1

3-66

8.3

9.2

9.2

9.2

9.1

8.4

7.3

9.6

4-66

7.8

8.5

8.4

8.2

8.0

7.2

6.1

6.6

3.7

1-6 7

7.8

8.5

8.3

8.2

8.0

7.3

6.5

7.0

5.8

7.9

727.1
744.0
750.8
765.2

2-67

7.8

8.4

3.3

8.2

8.0

7.5

6.8

7.3

6.5

8.0

8.1

3-6 7

7.7

8.2

8.1

8.0

7.8

7.3

6.8

7.1

6.5

7.5

7.3

6.5

4-67

7.7

8.2

8.1

7.9

7.7

7.3

6.9

7.2

6.7

7.4

7.3

6.9

7.3

1-6«

8.1

8.6

8.5

8.5

8.4

8.1

7.7

8.1

7.9

8.7

9.9

9.2

10.6

14.1

2-68

8.1

8.5

8.5

8.4

8.3

8.0

7.7

8.0

7.8

8.5

9.6

9.8

9.6

10.7

7.5

3-68

8.2

8.6

8.6

8.5

8.4

8.2

7.9

8.3

8.1

8.7

9.9

9.0

9.7

10.5

8.7

10.0

4-68

8.1

8.5

8.4

8.3

8.2

8.0

7.8

8.0

7.9

8.4

8.5

8.5

8.9

9.3

7.8

8.0

6.0

1-69

8. 1

8.5

8.5

8.4

8.3

8.1

7.9

8.2

8.0

8.5

8.6

8.6

9.0

9.4

8.2

8.5

7.7

9.4

2-69

8.1

8.4

8.4

8.3

8.2

8.0

7.8

8.1

7.9

8.4

8.4

8.5

8.7

9.0

8.0

8.1

7.5

8.3

7.2

3-64

4-64

1-65

2-65

3-65

4-65

1-66

2-66

3-66

4-66

1-67

2-67

3-67

4-67

1-68

2-68

3-68

4-68

1-69

INITIAL

780.2
792.6
806.6
83 3 . 6
84 8 . 8
869.2
882.0
902.1
917.9

QUARTER

PREPARED 8Y F E D E R AL
AUGUST 1 5 , 1 96 9

RESERVE

BANK OF

ST.

LOUIS

F I N A L S A L F S I N C O N S T A N T 1958 DOL L ARS
COMPOUNDED ANNUAL R A T E S OF CHANGE
T ERMI NAL
QUART ER

INITIAL
3-64

4-64

4-64

1-65

2-65

3-65

4-65

1-66

2-66

-0. 1

3-66

B I L L I O N S CF
DCLLARS
ANNUAL R A T E S

Q
1 UARTER

4 —66

1-67

2-67

3-67

4-67

1-68

2-68

3-68

4-69

1-69

580.9

1-65

3.7

7.6

2—6 5

4.9

7.4

7.2

3-65

5.7

7.7

7.7

8.1

4-65

6.3

8.0

8.1

8.5

9.0

1-66

6.5

7.8

7.0

8.1

8. 1

2-66

5.6

6.6

6.4

6.2

5.6

4.0

0.8

3-66

5.7

6.5

6.4

6.2

5.7

4.7

3.4

4-66

5. 1

5.7

5.5

5.2

4.6

3.5

2.3

3.1

0.2

1-67

5.1

5.7

5.5

5.2

4.7

3.9

3.1

3.9

2.8

2-67

5.?

5.7

5.5

5.3

4.9

4.2

3.6

4.3

3.8

5.6

5.8

3-67

4.9

5.4

5.1

4.9

4.5

3.9

3.3

3.9

3.3

4.4

3.9

2.0

4-67

4.7

5.1

4.9

4.7

4.3

3.7

3.2

3.6

3.2

3.9

3.4

2.2

2.5

1-68

5.1

5.5

5.3

5.2

4.9

4.4

4.1

4.6

4.3

5.2

5. 1

4.9

6.4

10.5

591.7
602.1
614.0
627.3
7.3

638.4
639.6
6. 1

649.1
649.5
5.3

658.0
667.,4
670.7
674.8
691.8

2-68

5.0

5.3

5.2

5.0

4.7

4.3

4.0

4.4

4.1

4.9

4.7

4.4

5.2

6.6

2.9

3-68

5.0

5.4

5.2

5.0

4.8

4.4

4. 1

4.5

4.3

4.9

4.8

4.6

5.3

6.3

4.2

5.6

4-68

4.8

5.1

4.9

4.8

4.5

4.2

3.9

4.2

4.0

4.5

4.4

4.1

4.5

5.1

3.3

3.5

1.5

1-69

4.8

5.1

4.9

4.8

4.5

4.2

4.0

4.3

4.1

4.5

4.4

4.2

4.6

5.0

3.7

3.9

3. 1

4.7

2-69

4.6

4.9

4.7

4.6

4.4

4.0

3.8

4.1

3.9

4.2

4. 1

3.9

4.2

4.5

3.3

3.4

2.7

3.3

2.0

3-64

4-64

1-65

2-65

3-65

4-65

1-66

2-66

3-66

4-66

2-67

3-67

4-67

1-68

2-68

3-68

4-68

1-69




INITIAL

1-67

696.8
706.3
709.0
717.2
720.7

QUARTER

PREPARE D BY F E D E R A L
AU GUS T 1 5 , 1 9 6 9

RE S E RVE

BANK OF

ST.

LOUIS

11

Final Sales
Total Spending Less Changes in Business Inventories
Ratio S c a le

Ratio S c a le

Source: U.S. Department of C om me rce
Percentages are a nn u al rates of change between periods indicated. T h e y are presented to aid in
comparing most recent d evel opment s with past "trends.”
Latest d a t a p l o t t e d : 2 n d q u a r t e r p r e l i m i n a r y ;




P re par ed by Feder al Reserve Bank of St. Louis

12
c w M w u n r FR i u t n u e x
♦
COMPOUNDED ANNUAL R ATES OF CHANGE
TFA M I NAL
lh

1 9 5 7 - 59 / 100

I N I T I A L MONTH
1 1 -6 7

1 2 -6 7 0 1 - 6 « C2—68 0 2 -6 8

C U -6 8 C5—68 0 6 -6 8 07—68 08—68 0 9 -6 8

1 2 -6 7

<*.2

0 1 -6 «

U .l

U .l

0 2 -6 #

U .l

U .l

U .2

U .U

*1.5

U .7

5 .2

0 U -6 H

*».2

U .U

U .5

U .6

U .i

P 5 -6 S

»4.?

U .2

U .U

U .U

U .l

U .l

06-6 a

U .6

U .6

U .7

u .9

U .8

5 .1

6 .2

0 7 -6 B

*♦. ft

u .a

*5 .C

5 .1

5 .1

5 .5

6 .1

1 1 -6 8

1 0 -6 8

1 2 -6 8 0 1 -6 9 0 2 -6 9 0 3 -6 9 OU—6 9 0 5 -6 9

0 3 -6

b

1 1 8 .2
1 1 8 .6

. 7 _ U .7
_

o « -* *

1 1 9 .0
1 1 9 .5
1 1 9 .9
1 2 0 .3
1 2 C .9
1 2 1 .5

6 .1

1 2 1 .9

u .e

U .9

U .9

5.1

5 .U

5 .1

U .O

U.5

U.6

U .7

U .6

U .7

U .8

U .U

3 .5

3 .0

»♦.7

U .8

U .3

5 .C

U .5

5 .1

5 .3

5 .0

U .7

5 .0

7 .1

U .*

U.H

U.9

5 .0

U.9

5 .1

5 .2

5 .0

U .8

5 .0

6 .1

5 .0

U .t

U .7

u .?

U .8

U.7

U.ft

U .9

U .7

U .U

U .5

5 .0

U .O

2 .9

U .6

U .6

__ U . £

U .7

U .6

U .7

U .8

U .6

U .3

U .U

U .7

U .O

3 .U

3 .9

U .6

U.7

U .7

U .7

U .f

U .8

U .6

U .U

U .5

U .8

U .2

3 .9

U .5

U .5

10-6*
11-6?

0 i-6 «>
02-69

U .6

122*2
1 2 2 .9
1 2 3 .U
1 2 3 .7
1 2 U .I
1 2 U .6

5 .0

0*-69

U .9

s.c

5.C

5 .1

5 .1

5 .2

5 .3

5 .2

5 .1

5 .3

5 .6

5 .U

5 .U

6 .3

7 .5

1 0 .1

!o
**
:l
»<
*
:^

07-68

J>. 1

b .2

S .?

5 .»

5. i

5 .U

5 .5

5 .5

5 .U

5 .6

6 .0

5 .8

5 .9

6 .7

7 .6

9 .0

05-69

5 .0

S .1

5.1

5 .?

5 .2

5 .2

5 .U

5 .3

5 .3

5 .U

5 .7

5 .5

5 .6

6 .1

6 .7

7 .3

5 .9

3 .9

C6-f9

5*7

5 .2

*.3

5.U

5.U

*.5

5 .6

5 .5

5 .5

5 .6

5 .9

5 .8

5 .9

6 .U

6 .9

7 .U

6 .5

5 .8

11-67

t t t

12—c

1 C l -6 *

£ > - b ñ ti -o fe 0 6 -6 1 t 5 - 6 #

68 b t —68 08^68 0 9 -6 8

1 0 -6 ft t l - 6 8

1 2 5 .6
7 .9

1 2 6 .U
1 2 6 .8
7 .8

1 2 7 .6

1 2 -6 8 C l - 6 9 TJ2 -é9 O i - 6 ^ T l » -6 9 " 0 !> -6 9

rTgRtTOci'v "i Tfji srrr-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------PREPARED 8 Y F E D E R A L R E S E R V E BANK O F

---------------------------------------------------------------------------------------------------------------------------------------------------------- -----------------

-----------JU LY 2 %

ST.

LOUS

1969-----------------------------------------------------------------------------------

WH OL E S AL E P f U t t S * A L L ¿ 6 Mi M6 b l T I E S *
______________________ COMPOUNDED ANNUAL R A T E S OF CHANGE____________________________________________________________________________

T E R M IN A L ___________________________________________________________________ I N I T I A L MONTH__________________________________________________________________1 9 5 7 -5 9 »

100

--------1 2 -6 7
1 -6 8

4 .9

2 -6 8

3 -6 8

4 -6 8

5 -6 8

6 -6 8

7 -6 8

4 .6

2 -6 8

1—68

8 -6 8

9 -6 8

1 0 -6 8 1 1 -6 8

1 2 -6 8

1 -6 9

2 -6 9

3 -6 9

5 -6 9

4 -6 9

6 -6 9

1 0 7 .2
9 .3

1 0 8 .0
1 0 8 .2

3 -6 8

5 .3

5 .7

2 .2

4 -6 8

4 .3

4 .2

1 .7

l.l

5 -6 8

3 .9

3 .7

1 .9

1 .7

2 .2

6 -6 8

3 .6

3 .4

7 .0

1 .9

2 .2

2 .2

7 -6 8

3 .7

3 .6

2 .5

2 .5

3 .0

3*4

4 .5

1 0 8 .3
1 0 8 .5
1 0 8 .7
1 0 9 .1

8 -6 8

2 .7

2 .4

1 .3

1 .1

1 .1

0 .7

0 .0

-4 .3

9 -6 8

2 .9

2 .7

1*8

1 .7

1 .8

1 .7

1 .5

0 .0

.4*5

1 0 -6 8

2 .6

2 .4

1 .5

1 .4

1 .5

1 .3

1 .1

0 .0

2 .2

0 .0

1 1 -6 8

2 .9

2 .7

2 .0

1 .9

2 .1

2 .0

2 .0

1 .4

3 .4

2 .8

5 .6

1 2 -6 8

2 .8

7 .6

2 .0

2 .0

2 .1

2 .1

2 .0

1 .5

3 .1

2 .6

3 .9

2 .2

1 -6 9

3 .4

3 .3

2 .7

2 .8

3 .0

3 .1

3 .2

3 .0

4 .5

4 .5

6 .0

6 .2

2 -6 9

3 .4

3 .4

2 .9

2 .9

3 .1

3 .2

3 .3

3 .2

4 .5

4 .5

5 .6

5 .6

7 .3

4 .4

3 -6 9

3 .7

3 .6

3 .2

3 .2

3 .4

3 .5

3 .7

3 .6

4 .8

4 .8

5 .8

5 .9

7 .1

5 .5

6 .7

4 -6 9

3 .6

3 .5

3 .1

3 .2

3 .3

3 .4

3 .5

3 .4

4 .4

4 .4

5 .2

5 .1

5 .8

4 .4

4 .4

2 .2

5 -6 9

3 .9

3 .9

3*5

3 .6

3 .8

4 .0

4 .1

4 .1

5 .1

5 .1

5 .9

5 .9

6 .7

5 .8

6 .3

6 .1

1 0 .1

6 -6 9

4 .0

3 .9

3 .6

3 .7

3 .9

4 .0

4 .1

4 .1

5 .0

5 .0

5 .7

5 .7

6 .3

5 .5

5 .8

5 .5

7 .2

4 .3

7 -6 9

3 .8

3 .8

3 .4

3 .5

3 .7

3 .8

3 .9

3 .8

4 .6

4. 6

5 .2

5 .1

5 .5

4 .8

4 .8

4 .4

5 .1

2 .7

1*1

1 2 -6 7

1 -6 8

2 -6 8

3 -6 8

4 -6 8

5 -6 8

6 -6 8

7 -6 8

8 -6 8

9 -6 8

1 0 -6 8

1 1 -6 8 1 2 -6 8

1 -6 9

2 -6 9

3 -6 9

4 -6 9

5 -6 9

6 -6 9

1 0 8 .7
1 0 9 .1
1 0 9 .1
1 0 9 .6
1 0 9 .8
1 0 .3

1 1 0 .7
lll.l
1 1 1 .7
1 1 1 .9
1 1 2 .8
113*2
1 1 3 .3

I N i T I A L MONTH
*

NOT SEASONALLY AOJUSTED




m nm r trnbtMi mmiwtok m it. touts
AUGUST 1 3 9 1969

13

Prices
Ratio Scale
1957-59=100

Ratio Scale
1957-59=100

Source: U.S. D e p a rt m en t of L abor
Percentages are annual rates of c ha nge between periods indicated. T h ey are presented to aid in
comparing most recent developments with past "trends."
Latest d a t a pl otted: C o n s u m e r - J u n e ; W h o l e s a l e - J u l y




Prepared by Federal Reserve Bank of St. Louis

14

mices

WH OL E S A L E
- I N DU ST RI AL COMMODITIES »
COMPOUNDED ANNUAL R A t è S OF CHANGE
T E R MI N A L
MONTH
12-67

I N i i f ’k a l 'm A n T h
1-68

2-68

3-68

4-68

5-68

6-68

t —68

8-68

9—68

1957-59 *

10 —6 8

11-68

12-68

1-68

5.1
4.5

4.5

4.0

3.8

2.8

2.7

2.2

1.1

0.0

2.6

2.2

1.4

0.7

0*0

2.2

7-68

2.2

1.9

l.l

0.6

0.0

1.1

0.0

8-68

2.1

1.8

i.l

0.7

0.3

1.1

0.6

1.1

9-68

2.2

2.0

1.4

l.l

0.9

1.7

1.5

2.2

3.4

10-68

2.6

2.4

1.9

1.7

1.7

2.4

2.5

3.4

4.5

5.6

11-68

2.5

2.3

2.0

1.8

1.7

2.4

2.4

3.1

3.7

3.9

2.2

12-68

2.6

2.4

2.1

2.0

1.9

2.5

2.6

3.1

3.6

3.7

2.8

3.3

Ì-*9

3.0

2.9

2.6

2.5

2.6

3.2

3.3

3.9

4.5

4.7

4.4

5.6

7.9

2-69

3.2

3.1

2.9

2.8

2.9

3.5

3.6

4.1

4.6

4.9

4.7

5.6

6.7

6-69

-2.2

6-68

5-69

2.2

5-68

4-69

3.4

4-68

3-4*

5.7

3-68

¿-6*

4,6

?—68

1-69

i'-fiq

'

100

107.8
108.3
108.6
108.8
108.6
108.8
108.8
108.9
109.2
109.7
109.9
110.2
110.9
5.5

111.4

3.4

3.3

3.1

3.1

3.2

3.8

3.9

4.4

4.9

5.2

5.1

5.8

6.7

6.1

6.7

4-69

3.3

3.2

3.0

3.0

3.0

3.5

3.7

4.1

4.4

4.6

4.4

4.9

5.3

4.4

3.8

5-69

3.1

3.0

2.

)

2.8

2.9

3.3

3.4

3.8

4.1

4.1

3.9

4.2

4.4

3.6

2.9

l.l

1.1

6-69

3.0

2.9

2.7

2.6

2.7

3.1

3.1

3.4

3.6

3.7

3.4

3.6

3.7

2.8

2.2

0.7

C.5

0.0

7-69

?.<*

2.8

2.7

2.6

2.6

3.0

3.1

3.3

3.5

3.5

3.3

3.4

3.4

2.7

2.2

l.l

l.l

l . l

2.2

12-67

1-68

2-68

3-68

4-68

5-68

6-68

7-68

8-68

9-68

10-68

11-68

12-68

1-69

2-69

3-69

4-69

5-69

6-69

_______________________________________________________________________________________ I N I T I A L
*
NOT S E A S O N A L L Y A D J U S T E D

112.0
1.1

112.1
112.2
112.2
112.4

MONTH

___________________________________________________ PREPARE D BY F E D E R A L RE S E RV E
AU G US T 1 4 « 1 9 6 9

BANK OF

ST,

LOUIS

:S - F a *M P R O DU C T S , AND P RC &é Ss E D FOODS AND ? E E O S
COMPOUNDED ANNUAL R A T E S OF CHANGE____________________________
T E R M I N AL___________________________________________________________________________ I N I T I A L MONTH________________________________________________________________________ 1 9 5 7 - 5 9
MONTH
1— 68
12-67
2-68
3-68
4-68
5-68
6-68
7-68
8-68
9 -6 8 10-6 8 11-68 12-68
1-69
2-69
3-69
4-69
5-69
6-69
1-68

*>.9

2-68

12.0

18.5

3-68

9.3

9.5

4-68

5.8

5.8

0.0

- l . l

00
>
0
1
tr>

7.2

7.6

4.2

5.7

13.1

6-68

6.2

6.3

3.4

4.2

6.9

l.l

7-68

7.6

7.9

5.9

7.2

10. 1

8.6

16.7

8-68

4.2

3.9

1.7

1.8

2.5

-0 .7

-1 .7

100

105.3
106.8
1.1

106.9
106.8

i

107.9
108.0
109.4
-17.1

107.7

9-68

4.9

4.7

2.9

3.2

4.1

2.0

2.2

-4.3

10.5

10-68

3.0

2.7

0.8

0.8

1.1

- l . l

-1.7

-7.1

-1.7

-12.5

108.6
107.4

11-68

3.6

3.4

1.9

2.0

2.4

0.7

0.7

-3.0

2*2

-1.6

10.5

12-68

3.4

3.2

1.8

1.9

2.3

0.8

0.7

-2.2

2.0

-0.7

5.7

108.3
l.l

108.4

1-69

4.4

4.3

3.1

3.3

3.8

2.7

2.9

0.7

4.7

3.4

9.2

8.6

16.6

2-69

4.2

4.1

3.0

3.2

3.6

2.6

2.8

0.9

4.3

3.1

7.4

6.4

9.2

2.2

3-69

4.5

4.4

3.4

3.6

4.0

3.1

3.3

1.8

4.8

3.9

7.5

6.8

8.8

5.0

7.9

4.3

4.2

3.3

3.4

3.8

3.0

3.2

1.8

4.5

3.7

6.6

5.9

7.1

4.1

5.0

2.2

_____ 4 —6 9 _

«

109.8
110.0
110.7
110.9

5-69

6.2

6.2

5.4

5.7

6.3

5.7

6.2

5.2

8.0

7.7

10.9

11.0

13.1

12.2

15.8

19.9

40.7

6-69

6.7

6.7

6.0

6.4

6.9

6.5

6.9

6.1

8.8

8.6

11.5

11.7

13.5

12.9

15.8

18.5

27.6

15.8

7-69

6.3

6.4

5.7

6.0

6.5

6.0

6.4

5.6

7.9

7.7

10.2

10.1

11.5

10.7

12.4

13.6

17.7

7.6

0.0

12-67

1-68

2-68

3-68

4-68

5-68

6-68

7-68

8-68

9-68

10-68

11-68

12-68

1-69

2-69

3-69

4-69

5-69

6-69

—
NOT

—
SEASONALLY AD J US T E D




INITIAL

114.1
115.5
115.5

MONTH

PW&TMimñ
AUGUST

1 3«

F' 6t>ÉftÀL""ftÉSé#VÉ BÀNK Ò F S t .
1969

LOUtS

15

* A t v std in National Income Accounts
Source: U.S. Department of Commerce
Percentages are annual rates of change between periods indicated. They ore presented to aid in
comparing most recent developments with past "trends."
Latest data plotteds 2nd quarter
Prepared by Federal Reserve Bank of St. Louis

IM P L IC IT PR IC E DEFLATOR FOR GROSS NATIO NAL PRODUCT
COMPOUNDED ANNUAL RATES OF CHANGE
IN IT IA L

T F RMI NAL
QUART FP
3-64
4-64

4-64

1-65

2-65

3-65

4-65

1-66

¿-66

3-66

4-66

QUARTER
1-67

1958 *
2-67

1 -6 7 " 4 - 6 7

1-68

2-^8

3-68

4-68

100

1-69

1.8

109,6

‘ T-fcT'

2.0

2.2

2-65

2.0

2.0

110,2
1.8

110,7

1.7

1.7

1.5

1.1

4-65

1.8

1.7

1.6

1.5

1.8

1-66

2.0

2.0

2.0

2. 1

2.5

2-66

?.3

2.4

2.4

2.5

3.0

3.6

4.0

3-66

2.4

2.5

2.6

2.7

3.2

3,6

3.8

3,6

4-66

2.5

2.6

2.7

2.8

3.2

3.5

3.6

3,4

3.2

1-67

2.6

2.6

2.7

2.8

3.1

3.4

3.4

3.2

3.0

2.8

2-6 7

2.5

2.6

2.7

2.8

3.0

3.2

3.2

3,0

2.8

2.6

2,4

3-67

2.7

2.8

2.8

2.9

3.1

3.3

3,4

3.2

3.1

3,1

3.3

4.2

4-67

2.8

2.9

3.0

3.1

3.3

3.5

3,5

3.4

3.4

3,5

3 *7

4.3

1-6«

2.9

3.0

3.0

3.1

3.3

3.5

3.5

3.5

3.5

3,5

I# ?

4,1

4,1

3,7

2-68

3.0

3.0

3. 1

3.2

3.4

3.6

3.6

3.5

3.5

3,6

3,8

4,1

4.1

3,9

4,0

3-68

3.0

3.1

3.2

3.3

3.5

3.6

3.6

3.6

3.6

3,7

3,8

4,1

4.1

3,9

4.0

111.0
111.5
3.3

112.4
113,5
114,5
115.4
116.2
116,9
118,1
4,5

119.4
120.5
121.7
122.9

4,0

4-68

3.1

3.2

.3.2

3.3

3.5

3.7

3.7

3.7

3.7

3.7

3,9

4.1

4.1

4,0

4,1

4,2

4.3

1-69

3.2

3.3

3.3

3.4

3.6

3.8

3.8

3.8

3.8

3.9

4,0

4,2

4,2

4,2

4,3

4,4

4.6

4.9

2-69

3.3

3.4

3.5

3.6

3.7

3.9

3.9

3.9

3.9

4,0

4.1

4,4

4,4

4,4

4,5

4,6

*•8

5.1

3-64

4-64

1-65

2-65

3-65

4-65




-l-M -

j E-6,,7..

.i d U L

_L£8

¿Tfifl,. 3 - 6 8

124.2
125.7
5.2

127.3

Jc M , ...JL tjM L

lM.Ti.Al ttJAMER
PREPAREO BY FEOERAL RESERVE BANK OF S T , LO U IS
AUGUST 15» 1969

Inventories Compared With Monthly Sales1
Manufacturma an d Trade

LD

1.36

1.36
1956 1957 1958 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970

*Ratios based on seasonal ly adj usted data.

Source: U.S. De pa r t me nt of C o m m e r c e

S h a d e d areas represent periods of business recessions as defined by the National Bureau of Economic Research.
 Latest data plotted: June


Prepared by Federal Reserve Bank of St. Louis