Full text of National Economic Trends : August 1969
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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 06-6 9 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 T E R MI N AL MONTH INITIAL 12-67 01-68 02-68 03-68 i0 4 - 6 8 i0 5 - 6 8 06-68 i0 7 - 6 9 08-68 _ 7 7 , 2 2 9 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 01-58 05-6 9 6 . 0- RESERVE B4JIIC OF — 10-68 L3 UI S T HOUSANDS OF PERSONS MONTH 1D 9 - 6 8 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 <3 1 - 6 8 02-68 i0 3 - 6 8 i0 4 - 6 8 i0 5 - 6 « 06-68 i0 7 - 6 8 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 COMPOU ND E D ANNU AL R A T E S OP C H A N GE TERMINAL MONTH 12-67 IN ITtÂL 1-68 2-68 3-68 1-68 -6.5 2-68 -0 .4 6.1 00 >0 1 r 2.2 6.9 7.7 4 —68 0.7 3.3 1.9 -3 .6 4-68 5-68 6-68 7-68 8-68 9-68 1957-59 MONT H 10-68 11-68 12-68 1-69 2-69 *-69 4-69 5-69 100 6-69 161.2 162.0 163.0 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 25.0 2-68 22.3 19.6 3-68 23.7 23.1 26.7 4-68 14.8 11.5 7.7 5-68 15.2 12.9 10.7 3.5 17.1 6-68 13.8 11.7 9.8 4.7 12.0 7.1 6-68 7-68 8-68 MONTH 9-68 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 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 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 6.2 2-6« 1 1.1 INITIAL 1-68 2-68 3-68 4-68 5— 6$ 6-68 7-68 8-68 9-68 R E S E RVE BANK OF ST. LOUIS I NCOME R A T E S OF CHANGE MONTH 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 6-69 656.3 664.6 16.3 3— 6 8 12.1 15. 1 1 4 . (I 4-6 8 10.1 11.4 9.0 4.2 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 9.9 671.9 674.2 680.2 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- 2 9 , 481P 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 1.9 1-65 5.5 9.2 2-65 5.6 7.6 6.0 3-65 6.3 7.3 7. 1 3.2 4-65 6.9 8.2 7.8 8.8 9.4 1-66 7.1 3.2 7.9 8.5 8.7 8.1 1-66 ? — 66 3-66 4-66 B I L L I O N S OF DOL L A R S ANNUAL R A T E S iQ UARTER 1-67 2-67 3-67 4-67 1-68 2-68 3-68 4-68 1-69 588.5 601.6 610.4 622.5 636.6 649. 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 •2. 1 1-65 5.7 9.4 2-65 6.9 9.4 9.5 3-65 7.6 9.5 9.5 4-65 8.3 9*9 10.0 10.3 11. 1 1-66 8.7 10.0 10.2 10.4 10.9 10.6 1-66 2-66 3-66 B I L L I O N S OF DOLLARS ANNUAL R A T E S QUART ER 4-66 1-67 2-67 3-67 4-6f 1-68 2-68 3-68 4-68 1-69 637.4 651*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 1Q 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 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 0 3 -6 b 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 1 1 8 .2 1 1 8 .6 . 7 __ U .7 o « -* * 1 9 5 7 - 59 / 100 I N I T I A L MONTH 1 1 -6 7 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 .6 2 -6 8 4 .9 1—68 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 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 4,6 ?—68 5.1 5.7 3-68 4.5 4.5 3.4 4-68 4.0 3.8 2.8 2.2 5-68 2.7 2.2 1.1 0.0 -2.2 6-68 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 i'-fiq ' 1-69 ¿-6* 3-4* 4-69 5-69 100 6-69 107.8 108.3 108.6 108.8 108.6 108.8 108.8 108.9 109.2 109.7 109.9 110.2 110.9 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 .7 106.8 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 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 2.2 109.8 110.0 110.7 110.9 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 100 105.3 10-68 _____ 4 —6 9 _ « — 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
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