Full text of National Economic Trends : August 1990
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N a t io n a l E c o n o m ic T r e n d s A ugu st 1990 T h e c u r r e n t H o w e v e r , s e c o n d 1 9 8 9 e c o n o m ic th e q u a r te r a re o f o f th is fr o m p r io r r e v is io n s , a lo n g w it h O n e th a t U . 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C . S to n e T O T A L CIVILIAN E M P L O Y M E N T ( C o m p o u n d e d A n n u a l Rates of C h a n g e ) TERMINAL MONTH 12-88 1.5 1-89 5.5 1-89 2-89 5-89 «-89 5-89 6-89 7-89 8-89 1-90 2-90 5-90 4-90 5-90 116.141 116.640 116.757 2.6 5.2 1.2 5-89 2.7 5.2 2.1 5.0 4-89 2.2 2.5 1.5 1.7 0.4 5-89 1.9 2.1 1.5 1.5 0.4 0.5 6-89 2.5 2.4 1.9 2.0 1.7 2.4 7-89 1.8 1.9 1.4 1.4 1.0 8-89 1.8 1.8 1.5 1.4 1.0 117.047 117.084 117.152 4.5 117.542 1.2 1.6 -1.1 117.456 1.2 1.4 0.0 1.2 117.550 117.419 9-89 1.5 1.5 1.0 1.0 0.6 0.7 0.7 -0.4 -0.1 -l.S 10-89 1.5 1.5 1.1 1.1 0.8 0.9 0.9 0.1 0.5 0.2 1.6 9-89 10-89 11-89 12-89 5.5 2-89 11-89 THOUSANDS O F PERSONS INITIAL MONTH 11-88 12-88 1.6 1.2 1.2 1.0 1.1 1.2 0.6 1.0 117.585 1.7 117.856 1.0 2.1 2.6 1.6 0.5 117.888 12-89 1.5 1.5 1.2 1.2 1.0 1.0 1.1 0.6 0.9 0.9 1.6 1-90 1.4 1.4 1.0 1.0 0.8 0.9 0.9 0.5 0.7 0.6 1.1 0.9 0.1 -0.5 2-90 1.4 1.4 1.1 1.1 0.9 1.0 1.0 0.6 0.9 0.8 1.5 1.2 0.7 0.8 1.8 1.5 1.5 1.5 2.4 5.1 0.9 0.6 0.6 0.9 0.4 0.9 1.2 1.1 0.1 2.4 0.9 1.1 0.9 0.2 1.4 0.4 9-89 10-89 11-89 12-89 1-90 2-9 0 5-90 4-90 5-90 5-90 1.5 1.5 1.2 1.2 1.1 1.2 1.2 0.9 1.1 1.1 1.6 4-90 1.5 1.5 1.0 1.0 0.8 0.9 0.9 0.6 0.8 0.7 1.0 5-90 1.5 1.5 1.1 1.1 1.0 1.0 1.0 0.8 0.9 0.9 1.2 1.1 0.9 6-90 1.5 1.5 1.1 1.0 0.9 1.0 1.0 0.7 0.9 0.9 1.1 1.0 0.8 11-88 12-88 1-89 2-89 5-89 4-89 5-89 6-89 7-89 8-89 117.865 118.055 118.554 118.116 -2.2 118.550 118.589 INITIAL M O NTH P R E P A R E D B Y F E D E R A L R E S E R V E B A N K O F ST. L O UIS J U L Y 6. 1990 PAYROLL E M P L O Y M E N T ( C o m p o u n d e d A n n u a l Rates of C h a n g e ) TERMINAL MONTH 11-88 12-88 T HO U S A N D S O F P E RSONS I NITIAL M O NTH 1-89 2-89 5-89 4-89 5-89 6-89 7-89 8-8 9 9-89 10-89 11-89 12-89 1-90 2-90 5-90 5-90 4-90 107.097 12-88 5.1 1-89 5.5 2-89 5.4 5.5 5.0 5-89 5.0 5.0 2.5 2.0 5.9 107.442 107*711 107.888 4-89 2.9 2.8 2.5 2.2 2.4 5-89 2.8 2.7 2.4 2.2 2.4 2.5 6-89 2.9 2.8 2.6 2.5 2.7 2.8 5.5 108*101 108.510 108*607 7-89 2.7 2.7 2.5 2.4 2.5 2.5 2.6 1.8 8-89 2.6 2.5 2.5 2.2 2.2 2.2 2.1 1.6 1*5 9-89 2.6 2.5 2.5 2.2 2.5 2.2 2.2 1.8 1.8 2.5 10-89 2.4 2.5 2.2 2.0 2.0 2.0 1.9 1.6 1.5 1.6 0.8 11-89 2.5 2.4 2.2 2.2 2.2 2.2 2.1 1.9 1.9 2.1 2.0 5.1 12-89 2.4 2.5 2.2 2.1 2.1 2.0 2.0 1.8 1.8 1.9 1.7 2.2 1.5 108.767 108*887 109*096 109*171 109*452 109*570 1-90 2.5 2.4 2.5 2.5 2.5 2.5 2.5 2.1 2.2 2.5 2.5 2.8 2.7 4.0 2-90 2.6 2.6 2.5 2.4 2.4 2.5 2.5 2.4 2.4 2.6 2.7 5.1 5.2 4.1 4.1 109*951 110*504 5-90 2.5 2.5 2.4 2.5 2.4 2.5 2.4 2.2 2.5 2 .4 2 .5 2.8 2.7 5.2 2.7 1.5 4-90 2.4 2.5 2.2 2.1 2.1 2.1 2.1 2.0 2.0 2.1 2.1 2.5 2.1 2.5 1.7 0.5 -0.5 5-90 2.4 2.4 2.5 2.5 2.5 2.S 2.5 2.2 2.2 2.5 2 .5 2.5 2.4 2.6 2.5 1.7 1.8 5.9 6-90 2.5 2.5 2.2 2.1 2.2 2.1 2.1 2.0 2.0 2.1 2.1 2.2 2.1 2 .5 1.9 1.5 1.5 2.2 0.4 11-88 12-88 1-89 2-89 5-89 4-89 5 -89 6-89 7-89 8-89 9-89 10-89 11-89 12-89 1-90 2-9 0 5-90 4-90 5 -90 110*427 110*401 110.757P 110.797P INITIAL M O N T H PRELIMINARY P R E P A R E D B Y F E D E R A L R E S E R V E B A N K O F ST. L O UIS J U L Y 6 » 1990 2 EMPLOYMENT RATIO SCALE MILL IONS OF RATIO PERSONS SEASONALLY MILLIONS ADJ USTED SO U RC E: OF U .S .D E P A R T M E N T SCALE PERSONS OF LABO R B E G IN N IN G JA N U A R Y 1 9 8 6 , TOTAL EM PLO YM EN T DATA IN C O R PO R A T E NEW P R O C E D U R E S FOR E S T IM A T IN G M E A S U R E S OF IM M IG R A T IO N ANO E M IG R A T IO N IN C R E A S IN G TOTAL EM PLO YM EN T B Y ABOUT 0 . 3 X . P E R C E N T A G E S A R E ANNUAL R A T E S OF CHANGE FOR P E R IO D S LATEST DATA P L O T T E D : JU N E IN D IC A T E D . P R E L IM IN A R Y PREPA RED BY F E D E R A L RESERVE BANK OF ST. L O U IS UN E M P LO YME NT RATE PERCENT S E A S O N A L L Y PERCENT A D JU S T E D 1 1 .0 1 0 . 1 0 .0 9. 9.0 8 . 8 .0 7. 7.0 6 . 6 .0 b. 5.0 4. 1982 1983 1984 1985 1986 1987 1988 SO U RC E: PERC EN T LA TEST OF C I V I L I A N DATA P L O T T E D : LABO R U .S . 1989 D EPARTM EN T 1990 OF LABO R FO RCE JU N E PRE PAR ED BY F E D E R A L R ES E R V E BANK OF S T . 3 LOUIS 4.0 C O N S U M E R PRICE I N D E X F O R ALL U R B A N C O N S U M E R S ( C o m p o u n d e d A n n u a l Rates of C h a n g e ) TERMINAL MONTH INITIAL MONTH 11-88 12-88 1-89 2-89 5-89 4-89 5-89 6-89 7-89 8 -89 1982-84*100 9-89 10-89 11-89 12-89 1-90 2-9 0 5-90 4-90 5-90 120.7 12-88 4.1 1-89 5.6 7.2 2-89 5.4 6.1 5.1 5-89 5.6 6.1 5.6 6.1 4-89 6.1 6.6 6.4 7.1 121.4 121.9 122.5 123.3 8.1 123.8 5-89 5.9 6.3 6.0 6.4 6.5 5.0 6-89 5.5 5.7 5.4 5.5 5.3 4.0 2.9 7-89 5.3 5.5 5.2 5.2 5.0 4.0 3.4 3.9 8-89 4.7 4.8 4.4 4.3 4.0 2.9 2.3 1.9 124.1 124.5 124.5 0.0 9-89 4.5 4.6 4.2 4.1 3.8 2.9 2.4 2.3 1.5 2.9 10-89 4.6 4.7 4.4 4.3 4.1 3.4 3.1 3.2 2.9 4.«'. 124.8 125.4 5 .9 11-89 4.6 4.6 4.4 4.3 4.1 3.5 3.3 3.3 3.2 4.2 4.9 3.9 12-89 4.6 4.6 4.4 4.3 4.2 3.7 3.5 3.6 3.5 4.4 4.9 4.4 125.8 126.3 4.9 1-90 5.2 5.3 5.2 5.2 5.1 4.8 4.8 5.0 5.2 6.3 7.1 7.5 9.4 14.1 2-90 5.3 5.4 5.2 S.3 5.2 4.9 4.9 5.1 5.3 6.2 6.9 7.1 8.2 9.9 127.7 5-90 5.3 5.4 5.3 5.3 5.2 5.0 5.0 5.2 5.3 6.1 6.7 6.8 7.6 8.5 5.8 5.8 4-90 5.1 5.2 5.0 5.0 5.0 4.7 4.7 4.9 5.0 5.6 6.0 6.0 6.4 6.8 4.5 3.8 128.3 5.8 128.9 129.1 1.9 129.3 5-90 4.9 5.0 4.8 4.8 4.7 4.5 4.4 4.6 4.6 5.2 5.5 5.4 5.6 5.8 3.8 3.2 1.9 1.9 6-90 5.0 5.1 4.9 4.9 4.9 4.6 4.6 4.8 4.8 5.3 5.6 5.6 5.8 5.9 4.4 4.0 3.5 4.3 6.7 11-88 12-88 1-89 2-89 3-89 4-89 5-89 6-89 7-89 8 -89 9-89 10-89 11-89 12-89 1-90 2-90 3-90 4-90 5-90 130.0 INITIAL M O N T H P R E P A R E D B Y F E D E R A L R E S E R V E B A N K O F ST. LOU I S J U L Y 18» 1990 P R O D U C E R PRICE INDEX, FINISHED G O O D S ( C o m p o u n d e d A n n u a l Rates of C h a n g e ) T E RMINAL MONTH 11-88 12-88 INITIAL M O N T H 1-89 2-89 3-89 4-89 5-89 6-89 7-89 8-89 1982 * 100 9-89 10-89 11-89 12-89 1-90 2-90 3-90 4-90 5-90 110.0 12-88 3.3 1-89 8.5 13.9 2-89 8.3 10.8 7.8 3-89 7.6 9.0 6.7 5.5 4-89 7.6 8.7 7.0 6.6 7.7 5-89 7.8 8.7 7.5 7.3 8.3 8.8 111.2 111.9 112.4 113.1 113.9 6-89 6.8 7.4 6.2 5.7 5.8 4.9 1.1 7-89 5.4 5.7 4.4 3.7 3.2 1.8 -1.6 -4.1 8 -89 4.4 4.5 3.3 2.5 1.9 0.5 -2.1 -3.6 -3.1 9-89 4.8 5.0 3.9 3.4 3.0 2.1 0.5 0.4 2.7 8.8 10-89 5.0 5.1 4.2 3.8 3.5 2.8 1.7 1.9 3.9 7.6 6.5 11-89 4.6 4.8 3.9 3.5 3.2 2.6 1.6 1.7 3.2 5.4 3.7 1.1 12-89 4.9 5.0 4.2 3.9 3.7 3.2 2.4 2.6 4.1 5.9 5.0 4.3 7.6 114.0 113.6 113.3 114.1 114.7 114.8 115.5 1-90 6.2 6.4 5.8 5.7 5.7 5.5 5.0 5.6 7.3 9.6 9.8 10.9 16.1 25.4 2-90 5.8 6.0 5.4 5.2 5.2 4.9 4.5 4.9 6.3 7.9 7.7 8.1 10.5 12.0 117.7 0.0 117.7 5.2 5.3 4.8 4.5 4.4 4.2 3.7 4.0 5.1 6.3 5.9 5.7 6.9 6.7 -1.5 -3.0 4.7 4.8 4.2 4.0 3.9 5.5 3.1 3.3 4.1 5.1 4.5 4.2 4.9 4.2 - 2.0 -3.0 5-90 4.6 4.7 4.2 5.9 3.8 3.5 3.1 3.3 4.0 4.9 4.4 4.1 4.6 4.0 -0.8 -1.0 0*0 3.1 6-90 4.5 4.6 4.0 3.8 3.7 3.4 3.0 3.2 3.8 4.6 4.1 3.8 4.2 3.7 - 0.2 -0.3 0.7 2.6 2.1 11-88 12-88 1-89 2-89 3-89 4-89 5-89 6-89 7-89 8-89 9-89 11-89 12-89 1-90 2-9 0 3-90 4-90 5 -90 ? 00 3-90 4-90 117.4 -3.0 117.1 117.4 117.6 INITIAL MONTH PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS JULY 13. 1990 4 RATIO P R I C E S SCALE SEASO N ALLY 1982 1983 1984 1985 RATIO 1986 1987 SCALE 1982-100 A D JU S TE D 1988 1989 1990 CONSWKR PR I CCS DATA ARC ON A 1912-84-100 »ASE CP I -8 DATA m i H N I M t » t S INCORPORATE A RENTAL tOU I VALENCE MEASURE FOR HOKE OWNERSHIP COSTS. PERCENTAGES ARE ANNUAL RATES OF CHANOE FOR PERIODS I NO I CATEO. LATEST OATA PLOTTEOt JUNE PREPARED |Y FEDERAL RESERVE SANK OF ST. LOUIS RATIO SCALE 1982-100 P R O D U C E R P R I C E S RATIO SCALE 1982-100 SEASONALLY ADJUSTED PERCENTAGES ARE ANNUAL RATES OF CHAN6E FOR PERIODS INDICATED. LATEST DATA PLOTTED* JUNE PR E PA R E D BY F E D E R A L RESER VE BANK OF S T . L O U IS P R O D U C E R PRICE INDEX, FINISHED C O N S U M E R F O O D S ( C o m p o u n d e d A n n u a l Rates of C h a n g e ) T E RMINAL M ONTH 11-88 12-88 INITIAL M O N T H 1-89 2-89 3-89 4-89 5-89 6-89 7-89 8-89 1982 * 100 9-89 10-89 11-89 12-89 1-90 2-90 3-90 4-90 5-90 115.5 12-88 2.1 1-89 9.2 16 7 2-89 9.3 13 1 9.6 3-89 8.8 11 2 8.5 7.4 4-89 5.7 6 6 3.5 0.5 -5.9 5-89 5.8 6 6 4.2 2.4 0.0 6.3 6-89 3.9 4 2 1.9 0.0 -2.3 -0.5 -6.9 7-89 3.7 3 9 1.9 0.4 -1.3 0.3 -2.5 2.1 8-89 3.7 3 9 2.2 1.0 -0.2 1.3 -0.3 3.1 117.0 117.9 118.6 118.0 118.6 117.9 118.1 118.5 4.1 118.1 9-89 2.9 3 0 1.4 0.3 -0.8 0.2 -1.3 0.7 0.0 -4.0 10-89 4.2 4 4 3.1 2.3 1.6 2.9 2.2 4.7 5.5 6.2 17.5 11-89 4.7 4 9 3.8 3.2 2.7 4.0 3.6 5.8 6.8 7.6 14.0 12-89 5.0 5 3 4.3 3.8 3.4 4.6 4.4 6.4 7.3 8.1 12.4 9.9 9.3 1-90 6.7 7 1 6.3 6.0 5.9 7.3 7.4 9.6 11.0 12.4 16.9 16.7 19.9 31.4 2-90 6.9 7 2 6.5 6.3 6.2 7.5 7.6 9.6 10.7 11.8 15.3 14.7 16.1 19.7 119.7 120.7 10.5 121.6 124.4 9.0 125.3 5.9 6 1 5.4 5.1 4.9 5.9 5.9 7.4 8.1 8.7 11.0 9.7 9.5 9.5 0.0 -8. 3 5.0 5 2 4.5 4.1 3.9 4.7 4.6 5.8 6.3 t.5 8.1 6.6 5.9 5.0 -2.5 - 7.9 5-90 5.1 5 3 4.6 4.3 4.1 4.9 4.8 5.9 6.3 6.6 8 .0 6.7 6.1 5.4 -0. 2 -3.2 -0 . 5 7.0 6-90 4.6 4 7 4.1 3.7 3.5 4.2 4.0 5.0 5.3 5.4 6.5 5.2 4.4 3.7 -1. 2 -3. 5 -1 . 9 1.0 -4. 7 11-88 12-88 1-89 2-89 3-89 4-89 5-89 6-89 7-89 8-89 l o 124.4 3-90 4-90 2-90 3-90 4-90 5-90 9-89 10-89 11-89 12-89 -7.4 123.6 124.3 123.8 INITIAL M O N T H P R E P A R E D B Y F E D E R A L R E S E R V E B A N K O F ST. L O U I S J U L Y 13. 1990 P R O D U C E R PRICE INDEX, FINISHED G O O D S , E X C L U D I N G F O O D S ( C o m p o u n d e d A n n u a ) Rates of C h a n g e ) TERMINAL MONTH 11-88 12-88 INITIAL M O N T H 1-89 2-89 3-89 4-89 5-89 6-89 7-89 8-8 9 1982 * 100 9-89 10-89 11-89 12-89 1-90 2-90 3-90 4-90 5 -90 108.2 12-88 4.5 1-89 8.0 11.7 2-89 8.4 10.4 9.2 3-89 7.4 8.4 6.8 4.5 4-89 8.2 9.1 8.3 7.9 11.4 5-89 8.7 9.6 9.1 9.0 11.4 11.3 6-89 7.9 8.5 7.9 7.5 8 .6 7.2 109.2 110.0 110.4 111.4 112.4 3.3 112.7 7-89 6.0 6.3 5.4 4.6 4.7 2.5 -1.6 -6. 2 8-89 4.6 4.6 3.6 2.7 2.4 0.3 -3. 2 -6 . 2 -6. 2 9-89 5.6 5.7 5.0 4.4 4.4 3.0 1.1 0.4 3.8 14.9 10-89 5.4 5.5 4.8 4.3 4.2 3.1 1.5 1.1 3.6 8 .9 3.2 11-89 4.7 4.7 4.1 3.5 3.4 2.3 0.9 0.4 2.2 5.1 0.5 -2.1 12-89 4.9 4.9 4.3 3.8 3.8 2.8 1.7 1.4 3.0 5.5 2.5 2.1 6.6 1-90 6.2 6.3 5.9 5.6 5.7 5.1 4.3 4.5 6.3 9.1 7.6 9.1 15.2 24.6 2-90 5.5 5.5 5.1 4.7 4.8 4.1 3.3 3.3 4.8 6.7 5.2 5.7 8.4 9.3 -4.1 112.1 111.5 112.8 113.1 112.9 113.5 115.6 115.2 3-90 5.0 5.1 4.6 4.3 4.3 3.6 2.9 2.8 4.0 5.6 4.1 4.3 6.0 5 .8 -2.6 -1.0 4-90 4.7 4.7 4.2 3.9 3.8 3.2 2.5 2.5 3.5 4.7 3.4 3.4 4.5 4.0 - 2.1 -1.0 -1.0 5-90 4.5 4.5 4.0 3.7 3.6 3.1 2.4 2.3 3.2 4.3 3.1 3.1 3.9 3.4 -1.3 -0.3 0.0 1.0 6-90 4.5 4.5 4.1 3.8 3.8 3.2 2.6 2.6 3.4 4.4 3.3 3.3 4.1 3.7 0.0 1.0 1.7 3.2 5.3 11-88 12-88 1-89 2-89 3-89 4-89 5-89 6-89 7-89 8-89 9-89 10-89 11-89 12-89 1-90 2-90 3-90 4-90 5 -90 115.1 115.0 115.1 115.6 INITIAL M O N T H P R E P A R E D B Y F E D E R A L R E S E R V E B A N K O F ST. LOU I S J U L Y 13» 1990 6 I N D U S T R I A L RATIO P R O D U C T I O N SCALE RATIO 1987-100 1982 SCALE 1987-100 SEASONALLY ADJUSTED 1983 1984 1985 1986 1987 1988 1989 1990 PERCENTAGES ARE ANNUAL RATES OF CHANGE FOR PERIODS INDICATED. LATEST DATA PLOTTED* JUNE PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS INDUSTRIAL P R O DUCTION ( C o m p o u n d e d A n n u a l Rates of C h a n g e ) T E RMINAL MONTH 11-88 12-88 INITIAL M O N T H 1-89 2-89 5-89 4-89 5-89 6-89 7-89 8-89 1987 * 100 9-89 10-89 11-89 12-89 1-90 2-90 5-90 4-90 5-90 107.4 12-88 5.8 1-89 4.6 5.4 2-89 2.6 1.1 -l.l 5-89 2.5 1.1 0.0 1.1 107.7 107.6 107.7 4-89 5.9 5.4 5.4 5.7 10.5 5-89 2.6 2.0 1.7 2.6 5.4 -5.5 108.6 6-89 2.4 1.9 1.6 2.2 2.6 -1.1 1.1 108.5 108.4 7-89 1.5 0.6 0.2 0.4 0.5 -2.9 -2.7 -6. 4 8- 8 9 1.6 1.1 0.8 1.1 1.1 -1.1 -0.4 -1.1 4.5 9-89 1.5 1.0 0.7 1.0 0.9 -0.9 -0.5 -0.7 2 .2 0.0 10-89 0.8 0.5 0.0 0.1 0.0 -1.7 -1.5 -1. 9 -0. 4 -2.7 -5. 4 11-89 1.1 0.7 0.4 0.6 0.6 -0.8 -0.4 -0.7 0.8 -0.4 -0.6 4.5 12-89 1.5 1.1 0.9 1.1 l.l 0.0 0.5 0.4 1.8 1.1 1.5 5.1 1-90 0.5 0.1 - 0.2 -0.1 -0.2 -1.5 -1.1 -1.4 -0.6 -1.5 -1.9 - 0.7 2-90 1.2 0.9 0.7 0.8 0.8 -0.1 0.2 0.1 1.1 0.6 0.7 2.2 1.5 -0.6 11.8 5-90 1.4 1.1 1.0 1.1 1.1 0.5 0.7 0.6 1.5 1.1 1.5 2.7 2.2 1.1 8.1 4.5 4-90 1.2 0.9 0.7 0.9 0.9 0.1 0.4 0.5 1.1 0.7 0.8 1.9 1.5 0.5 4.5 1.1 -2.2 5-90 1.5 1.2 1.1 1.5 1.5 0.6 0.9 0.9 1.7 1.4 1.5 2.6 2.2 1.6 5.1 5.0 2.2 6.8 6-90 1.7 1.5 1.4 1.5 1.6 0.9 i.5 1.5 2.0 1.8 2.0 2.9 2.7 2.2 5.2 5.6 5.5 6.2 5.6 11-88 12-88 1-89 2-89 5-89 4-89 5-89 6-89 7-89 8-89 9-89 10-89 11-89 12-89 1-90 2-90 5-90 4-90 5-90 107.8 108.2 108.2 107.7 108.1 108.6 5.7 107.5 -5.5 -11.5 108.5 108.9 108.7 109.5P 109.8P INITIAL M O N T H P- P R ELIMINARY P R E P A R E D B Y F E D E R A L R E S E R V E BANK OF ST. LOUIS J U L Y 17» 1990 7 P E R S O N A L RATIO SCALE TRILLIONS MONTHLY OF DOLLARS I N C O M E * TOTALS AT SEASONALLY ANNUAL TRILLIONS ADJUSTED SO U R C E t PERC EN T A G ES LATEST « R E V IS E D ARE ANNUAL R A T E S OF CHANGE FOR P E R IO O S DATA P LO T T E D * FROM JU N E RATIO RATES U .S . D EPARTM EN T OF SCALE OOLLARS OF COMMERCE IN D IC A T E D . P R E L IM IN A R Y 1087 PREPA RED BY F E D E R A L R ESERVE BANK OF S T . L O U IS PERSONAL INCOME* ( C o m p o u n d e d A n n u a ) Rates of C h a n g e ) TERMINAL MONTH 11-88 12-88 12-88 10.9 1-89 14.6 1-89 4-89 5-89 6-89 1-90 2-90 3-90 4-90 5-90 18.4 4,262.1 4 »302.2 13.7 15.1 11.9 3-89 13.2 14.0 11.8 11.5 3-89 BILLIONS OF DOLLARS 4»202.6 2-89 4-89 2-89 IN IT IA L MONTH ANNUAL RATES 7-89 8-89 9-89 10-89 11-89 12-89 11.6 9.4 4 »342.2 11.7 8.2 4.359.3 4.8 4.356.8 5-89 9.3 9.0 6.8 5.2 2.0 -0.7 6-89 8.6 8.2 6.3 5.0 2.8 1.8 4.4 7-89 8.5 8.1 6.5 5.4 3.9 3.6 5.8 7.3 8-89 7.5 7.1 5.6 4.5 3.2 2.7 3.9 3.6 0.1 1.8 3.6 4.372.5 4.398.2 4.398.7 4*411.6 9-89 7.1 6.7 5.3 4.4 3.2 2.9 3.8 3.6 10-89 7.2 6.8 5.6 4.9 3.9 3.8 4.7 4.8 3.9 5.9 8.3 4.441.0 4.4 5.3 5.4 5.0 6.6 8.2 8.1 4.470.0 11-89 7.3 7.0 5.9 5.2 4.4 12-89 7.3 7.0 6.0 5.4 4.8 4.8 5.6 5.8 5.5 6.8 7.9 7.8 7.4 6.3 5.Ô 5.3 5.3 6.1 6.3 6.2 7.4 8.4 8.5 8.6 9.9 6.5 6.0 5.5 5.6 6.3 6.6 6.5 7.5 8.4 8.4 8.5 9.0 8.1 6.3 5.8 5.9 6.6 6.8 6.8 7.8 8.5 8.5 8.6 9.0 8.6 1-90 2-90 7.5 7.5 7.2 7.3 4.496.7 4.532.2 4*561.6 9.1 4.594.7 3-90 7.6 7.4 6.7 4-90 7.4 7.1 6.4 6.1 5.6 5.7 6.3 6.5 6.4 7.2 7.7 7.6 7.6 7.6 6.8 6.2 3.4 6.3 5.9 5.5 5.6 6.1 6.3 6.2 6.9 7.3 7.1 7.0 6.9 6.1 5.5 3.7 4.0 6.8 6.2 5.8 5.4 5.5 6.0 6.1 6.0 6.6 6.9 6.8 6.6 6.5 5.8 5.2 4.0 4.2 4.4 11-88 12-88 1-89 2-89 3-89 4-89 5-89 6-89 7-89 8-89 9-89 10-89 11-89 12-89 1-90 2-90 3-90 4-90 5-90 5-90 6-90 7.2 7.0 7.0 4.607.7 4.622.9 4.639.5P INITIAL M O N T H « R E VISED FROM 1987 P- P RELIMINARY PR E P A R E D B Y F E D E R A L R E S E R V E B A N K OF ST. L O U I S J U L Y 30» 1990 8 RETAIL SALES RATIO SCALE BILLIONS OF RATIO DOLLARS SCALE B IL L IO N S OF DOLLARS SEASONALLY ADJUSTED 175 165 155 145 135 125 1 15 105 95 85 1982 1983 1984 1985 1986 1987 1988 SO U R C E t PERC EN TA G ES LATEST A R E ANNUAL DATA P L O T T E D ; R A T E S OF M AY, JU N E CHANGE FOR P E R IO D S U .S . 1989 DEPAR T M EN T 1990 75 OF COMMERCE IN D IC A T E D . ADVANCE E S T IM A T E PREPA RED BY FED ER A L RESERVE BANK OF ST. L O U IS RETAIL SALES ( C o m p o u n d e d A n n u a l Rates of C h a n g e ) TERMINAL MO NTH 11-88 12-88 M ILLIONS OF DOLLARS IN ITIAL M O N T H 1-89 2-89 3-89 4-89 5-89 6-89 7-89 8-89 9-89 10-89 11-89 12-89 1-90 2-90 3-90 4-90 5-90 1 4 1 »382 12-88 0.4 1-89 3.3 6.2 2-89 -0.4 -0.9 -7.5 3-89 -0.3 -0.5 -3.7 0.3 4—89 4.1 5.1 4.7 11.4 23.7 5-89 4.7 5.6 5.4 10.1 15.4 142»093 141.179 1 4 1 »214 143.744 144.626 7.6 144.415 6-89 3.8 4.3 4.0 7.0 9.4 2.8 -1.7 7-89 4.4 5.0 4.8 7.4 9.2 4.8 3.4 8. 8 6-89 5.0 5.6 5.6 7.9 9.5 6.2 5.7 9.6 10.5 9— 89 5.0 5.6 5.5 7.5 8.7 5.9 5.5 8. 0 7.6 10-89 3.0 3.3 3.0 4.3 4.9 2.1 1.0 1.7 -0.5 11-89 3.5 3.8 3.6 4.9 5.5 3.1 2.4 3.2 1.9 -0.8 -3 . 6 9.4 12-89 2.9 3.1 2.9 3.9 4.4 2.2 1.4 1.9 0.6 -1.7 -3.8 2.3 - 4.3 1-90 5.2 5.5 5.5 6.7 7.4 5.7 5.5 6.6 6.2 5.4 5.5 13.4 15.4 39.2 2-90 4.8 5.1 5.1 6.2 6.7 5.2 4.9 5.8 5 .3 4.5 4.4 9.9 10.1 18.1 0.2 3-90 4.2 4.5 4.3 5.3 5.7 4.2 3.9 4.5 4.0 3.1 2.8 6.8 6.2 9.9 -2. 3 -4.7 4-90 3.3 3.4 3.2 4.1 4.4 2.9 2.5 2.9 2.3 1.3 0.8 3.7 2.6 4.3 -5.2 -7.8 -10.8 5-90 2.7 2.8 2.6 3.3 3.5 2.1 1.7 2.0 1.3 0.4 -0.2 2.1 1.0 2 .0 -5.6 -7.4 - 8.8 -6.7 6-90 2.9 3.0 2.8 3.5 3.7 2.4 2.0 2.4 1.8 1.0 0.5 2.7 1.7 2 .8 -3.3 -4.1 -3.9 -0.3 6.6 11-88 12-88 1-89 2-89 3-89 4-89 5-89 6-89 7-89 8-89 9-89 10-89 11-89 12-89 1-90 2-90 3-90 4-90 5-90 145.438 146*649 147.235 4.9 145.244 - 5 . 6 -15.1 146.340 145.804 149.877 149*904 149*302 147 »886 147.040P 147 »824E I N ITIAL M O N T H P- P R E L IMINARY E- ESTIM A T E D P R E P A R E D B Y F E D E R A L R E S E R V E BAN K O F ST. L O U I S J U L Y 13» 1990 9 H O U R L Y COMPENSATION, BUSINESS SECTOR ( C o m p o u n d e d A n n u a l Rates of C h a n g e ) T ER MINAL Q UARTER INITIAL QUA R T E R 2-85 5-85 4-85 1-86 2-86 5-86 4-86 1-87 2-8 7 5-87 4 -87 1977«100 1-88 2-88 5-88 4-88 1-89 2-89 5-89 4-89 175.9 5-85 5.6 4-85 6.0 6.5 1-86 5.8 5.9 5.5 2-86 5.5 5.4 5.0 4.5 5-86 5.5 5.2 4.9 4.6 4.7 4-86 5.5 5.2 4.9 4.7 4.9 178.6 181.0 185.0 185.1 5.1 187.4 188.5 1-87 4.8 4.6 4.5 4.0 5.9 5.5 1.9 2-87 4.5 4.5 4.0 5.7 5.6 5.2 2.5 2.6 5-87 4.6 4.4 4.2 5.9 5.8 5.6 5.1 5.8 4-87 4.8 4.7 4.5 4.4 4.4 4.5 4.1 4.8 6.0 7.1 1-88 4.6 4.5 4.5 4.2 4.1 4.0 5.8 4.5 4.9 4.9 2.7 2-88 4.7 4.6 4.4 4.5 4.5 4.5 4.1 4.6 5.1 5.1 4.1 5.6 189.5 191.8 4.9 195.1 196.4 199.1 201.9 5-88 4.8 4.7 4.6 4.5 4.5 4.4 4.4 4.8 5.2 5.5 4.7 5 .7 5.7 4-88 4.8 4.7 4.6 4.5 4.5 4.5 4.5 4.8 5.2 5.5 4.8 5.5 5.5 5.5 1-89 4.8 4.7 4.6 4.6 4.6 4.6 4.5 4.8 5.1 5.2 4.8 5.5 5.5 5.0 2-89 4.9 4.9 4.8 4.7 4.8 4.8 4.7 5.1 5.4 5.4 5.2 5.7 5.7 5.7 5.9 6.9 5-89 4.9 4.9 4.8 4.7 4.8 4.8 4.7 5.0 5.5 5.5 5.1 5.5 5.5 5.4 5.4 5.8 4.6 4-89 5.0 4.9 4.8 4.8 4.8 4.8 4.8 5.1 5.5 5.4 5.1 5.5 5.5 5.4 5.5 5.7 5.1 5.6 1-90 4.9 4.9 4.8 4.8 4.8 4.8 4.8 5.0 5.5 5.5 5.1 5.4 5.4 5.5 5.5 5.5 5.0 5.1 4.7 2-85 5-85 4-85 1-86 2-86 5-86 4-86 1-87 2-87 5-87 4-87 1-88 2-88 5-88 4-88 1-89 2-89 5-89 4-89 204.5 206.9 4.8 210.4 212.8 215.7 218.2 INITIAL Q U ARTER P R E P A R E D B Y F E D E R A L R E S E R V E B A N K O F ST. LOU I S J U N E 4» 1990 O U T P U T PER H O U R O F ALL PERSONS, BUSINESS S ECTOR ( C o m p o u n d e d A n n u a l Rates of C h a n g e ) T E R MINAL QUARTER INITIAL Q U A R T E R 2-85 5-85 4-85 1-86 2-86 5-86 4-86 1-87 2-87 5-87 4-87 1977«100 1-88 5-85 5.4 4-85 2.5 1.1 1-86 4.0 4.5 7.6 2-86 2.8 2.6 5.4 -0.7 5-86 1.9 1.5 1.6 -1.5 -1.8 4-86 1.7 1.5 1.4 -0.6 -0.5 0.7 1-87 1.5 1.2 1.5 - 0.5 -0.1 0.7 2 -87 1.7 1.4 1.5 0.5 0.5 1.5 1.6 2.6 5-87 1.9 1.7 1.8 0.8 1.2 1.9 2.5 5.1 5.7 4-87 2.0 1.8 1.9 1.1 1.4 2.1 2.5 5.0 5.5 2.9 1-88 2.0 1.9 2.0 1.5 1.6 2.2 2.5 2.9 5.0 2.7 2.5 2-88 1.7 1.5 1.6 0.9 1.1 1.6 1.7 1.9 1.7 1.1 0.2 -2.1 5-88 1.8 1.6 1.7 1.1 1.5 1.7 1.9 2.1 1.9 1.5 1.1 0.4 2-88 5-88 4-88 1-89 2-89 5-89 4-89 108.0 108.5 110.5 110.1 109.6 109.8 0.7 110.0 110.7 111.7 112.5 115.2 112.6 2.9 115.4 4-88 1.7 1.5 1.6 1.0 1.2 1.6 1.7 1.8 1.7 1.5 0.9 0.4 1.6 0.4 1-89 1.6 1.5 1.5 1.0 1.2 1.5 1.6 1.7 1.6 1.2 0.9 0.5 1.4 0.7 l.l 2-89 1.6 1.5 1.5 1.1 1.2 1.5 1.6 1.7 1.6 1.5 1.0 0.7 1.4 0.9 1.2 1.4 5-89 1.6 1.5 1.5 1.1 1.5 1.5 1.6 1.7 1.6 1.5 1.1 0.9 1.5 1.1 1.4 1.6 115.5 115.8 114.2 1.8 114.7 4-89 1.6 1.4 1.5 1.1 1.2 1.4 1.5 1.6 1.5 1.2 1.0 0.8 1.5 1.0 1.1 1.2 1.1 0.5 1-90 1.5 1.2 1.2 0.9 1.0 1.2 1.2 1.2 1.1 0.9 0.6 0.4 0.8 0.4 0.4 0.5 -0.1 -1 . 0 - 2.4 2-85 5-85 4-85 1-86 2-86 5-86 4-86 1-87 2-87 5-87 4-8 7 1-88 2-88 5-88 4-88 1-89 2-89 5-89 4-89 114.8 114.1 INIT I A L Q U A R T E R P R E P A R E D B Y F E D E R A L R E S E R V E B A N K O F ST. L O UIS J U N E 4» 1990 10 P R O DUCTIVITY, RATIO COMPENSATION, AND LABOR SCALE 1977-100 1982 C O S T S RATIO 1983 1984 1985 1986 SCALE 1977-100 SEASONALLY ADJUSTED 1987 1988 1989 1990 SOURCE« U .S . DEPARTMENT OF LABOR PERCENTAGES ARE ANNUAL RATES OF CHANGE FOR PERIOOS INDICATED. LATEST DATA PLOTTED. 1ST OUARTER PREPARED BY FEDERAL RESERVE BANK OF ST . LOUIS UNIT L A B O R COSTS, BUSINESS S E C T O R ( C o m p o u n d e d A n n u a ] Rates of C h a n g e ) TERMINAL QUARTER 2-85 5-85 2.7 4-85 5.7 IN IT IA L OUARTER 5-85 4-85 1-86 2-86 5-86 4-86 1-87 2-87 5-87 4-87 1977*100 1-88 2-88 5-88 4-88 1-89 2-89 5-89 4-89 165.0 164.9 4.7 1-86 1.8 1.4 -1.9 2-86 2.7 2.7 1.7 5.5 5-86 5.4 5.6 5.2 5.9 6.4 4-86 5.6 5.7 5.5 5.5 5.2 4.1 164.1 ■ 166.5 168.9 170.6 1-87 5.2 5.5 5.0 4.5 5.9 2.7 1.4 2-87 2.9 2.9 2.6 5.5 5.0 1.9 0.8 0.2 171.2 171.5 5-87 2.6 2.6 2.5 5.0 2.5 1.6 0.8 0.5 0.7 4-87 2.8 2.8 2.6 5.2 2.9 2.2 1.7 1.8 2.6 4.5 1-88 2.5 2.5 2.5 2.8 2.5 1.8 1.4 1.5 1.7 2.2 0.0 2-88 5.0 5.0 2.8 5.4 5.1 2.7 2.4 2.7 5.5 4.1 4.0 171.6 175.5 175.5 8.1 176.9 5-88 5.0 5.0 2.8 5.5 5.1 2.7 2.5 2.6 5.1 5.7 5.5 5.5 2.5 4-88 5.1 5.1 5.0 5.5 5.5 2.9 2.8 5.0 5.4 4.0 5.9 5.2 5.8 5.0 1-89 5.2 5.2 5.1 5.5 5.5 5.0 2.9 5.1 5.5 4.0 5.9 4.8 5.8 4.4 5.8 2-89 5.5 5.5 5.2 5.6 5.4 5.2 5.1 5.5 5.7 4.1 4.0 4.9 4.1 4.6 4.4 4.9 5-89 5.5 5.5 5.2 5.6 5.4 5.2 5.1 5.5 5.6 4.0 5.9 4.6 5.9 4.5 4.0 4.1 5.5 178.0 180.2 181.9 184.1 185.6 4-89 5.4 5.4 5.5 5.7 5.6 5.5 5.5 5.4 5.8 4.1 4.1 4.7 4.1 4.4 4.5 4.4 4.2 5.0 1-90 5.6 5.6 5.5 5.9 5.8 5.6 5.6 5.7 4.1 4.4 4.4 4.9 4.5 4.8 4.8 5.1 5.1 6.0 7.0 2-85 5-85 4-85 1-86 2-86 5-86 4-86 1-87 2-87 5-87 4-87 1-88 2-88 5-88 4-88 1-89 2-89 5-89 4-89 187.9 191.1 INITIAL OUARTER P R E P A R E D B Y F E D E R A L R E S E R V E B A N K O F ST. L O U I S JUN E 4* 1990 11 G R O S S N A T I O N A L P R O D U C T IN C U R R E N T D O L L A R S * ( C o m p o u n d e d A n n u a l Rates of C h a n g e ) TE R M I N A L QUARTER INITIAL Q U A R T E R 5-85 4-85 4-85 6.2 1-8« 6.7 7.5 2-86 4.9 4.5 1-86 2-86 5-86 4-86 1-87 2-87 5-87 4-87 1-88 2-88 1-89 4-88 5-88 2-89 5-89 4-89 1-90 B I L L I O N S OF DOL L A R S ANN U A L R A T E S 4 ,107.9 4.181.5 1.5 4.194.7 5-86 5.1 4.7 5.5 5.7 4-86 4.9 4.6 5.7 5.0 4.2 4.255.5 4.297.5 1-87 5.6 5.5 5.0 6.5 6.6 9.1 2-87 5.9 5.8 5.5 6.6 6.9 8.5 7.5 5-87 6.1 6.0 5.8 6.8 7.0 8.0 7.4 7.4 4— 87 6.5 6.4 6.2 7.1 7.4 8.2 7.8 8.0 8.7 1-88 6.5 6.5 6.4 7.2 7.4 8.1 7.8 8.0 8.5 7.8 2-88 6.7 6.7 6.6 7.5 7.6 8.1 7.9 8.0 8 .5 8.1 8.5 5-88 6.7 6.8 6.7 7.5 7.5 8.0 7.8 7.9 8 .0 7.8 7.8 7.4 4-88 6.8 6.8 6.8 7.4 7.5 8.0 7.8 7.9 8.0 7.8 7.8 7.5 7.7 1-89 6.8 6.9 6.9 7.4 7.5 7.9 7.8 7.8 7.9 7.7 7.7 7.5 7.6 7.5 2-89 6.8 6.8 6.8 7.2 7.4 7.7 7.6 7.6 7.6 7.4 7.5 7.1 7.0 6.7 5.8 5-89 6.7 6.7 6.7 7.1 7.2 7.5 7.5 7.5 7.5 7.1 7.0 6.7 6.5 6.1 5.5 5.1 4-89 6.5 6.5 6.5 6.8 6.9 7.2 7.0 6.9 6.9 6.7 6.5 6.2 6.0 5.6 4.9 4.5 5.9 1-90 6.5 6.5 6.5 6.8 6.9 7.1 7.0 6.9 6.9 6.7 6.5 6.5 6.1 5.8 5.4 5.2 5.5 6.7 2-90 6.5 6.5 6.4 6.8 6.8 7.0 6.9 6.8 6.8 6.6 6.5 6.2 6.1 5.8 5.5 5.4 5.5 6.2 5.8 5-85 4-85 1-86 2-86 5-86 4-86 1-87 2-87 5-87 4-87 1-88 2-88 5-88 4-88 1-89 2-89 5-89 4-89 1-90 4*591.6 4.471.6 4.551.7 4.647.6 4.755.8 4.851.4 4,917.9 5.009.8 5.101.5 5.174.0 5*258.6 5.289.5 5.575.4 5 . 4 5 1 . 6E INITIAL QUAR T E R * R E V I S E D F R O M 1987 E- ESTIM A T E D P R E P A R E D B Y F E D E R A L R E S E R V E B A N K O F ST. L O U I S J U L Y 27» 1990 G R O S S N A T I O N A L P R O D U C T I N 1982 D O L L A R S * ( C o m p o u n d e d A n n u a l Rates of C h a n g e ) TERMINAL QUA R T E R 5-85 4-85 1-86 2-86 5-86 4-86 1-87 2-87 INITIAL Q U A R T E R A N N U A L RAT E S 5-87 4-87 1-88 2-88 5-88 4-88 B I L L I O N S OF DOLLARS 1-89 2-89 5-89 4-89 1-90 5.662.4 4-85 5.0 1-86 4.7 6.6 2-86 2.5 2.5 -1.8 5-86 2.1 1.8 -0.5 0.8 4—8 6 2.1 1.9 0.4 1.6 2.5 1-87 2.6 2.6 1.6 2.8 5.7 5.2 2-87 2.9 2.9 2.1 5.1 5.9 4.7 4.2 5-87 5.0 5.0 2.5 5.5 5.9 4.5 4.2 4.1 4-87 5.4 5.5 5.0 5.9 4.5 5.0 4.9 5.5 6.6 1-88 5.6 5.7 5.5 4.0 4.6 5.0 5.0 5.5 5.9 5.1 2-88 5.6 5.7 5.5 4.0 4.4 4.8 4.7 4.9 5.1 4.4 5.6 5,721.1 5.704.6 5.712.4 5.755.6 5.781.2 5.820.5 5.858.9 5.920.7 5.970.2 4 . 005.8 5-88 5.5 5.6 5.5 5.8 4.2 4.5 4.4 4.4 4.5 5.8 5.1 2.7 4-88 5.4 5.5 5.2 5.7 4.1 4.5 4.1 4.1 4.1 5.5 5.0 2.7 2.7 1-89 5.5 5.5 5.2 5.7 4.0 4.2 4.1 4.1 4.1 5.6 5.2 5.0 5.2 5.6 2-89 5.5 5.4 5.1 5.5 5.8 5.9 5.8 5.8 5.7 5.2 2.9 2.7 2.7 2.6 1.6 5-89 5.2 5.5 5.0 5.4 5.6 5.7 5.6 5.5 5.4 5.0 2.7 2.5 2.4 2.5 1.7 1.7 4-89 5.1 5.1 2.8 5.2 5.4 5.4 5.5 5.2 5.1 2.7 2.5 2.1 2.0 1.8 1.2 1.0 0.5 1-90 5.0 5.0 2.8 5.1 5.2 5.5 5.2 5.1 5.0 2.6 2.2 2.0 1.9 1.8 1.5 1.2 1.0 1.7 2-90 2.9 2.9 2.7 5.0 5.1 5.2 5.0 2.9 2.8 2.4 2.1 1.9 1.8 1.7 1.5 1.2 1.1 1.5 1.2 5-85 4-85 1-86 2-86 5-86 4-86 1-87 2-87 5-87 4-87 1-88 2-88 5-88 4-88 1-89 2-89 5-89 4-89 1-90 « R E V I S E D F R O M 1987 E- ES T I M A T E D 4,052.1 4 . 059.5 4 , 095.7 4 , 112.2 4 . 1 29.7 4 . 1 55.2 4.1 5 0 . 6 4 »165.2E INITIAL Q U A R T E R P R E P A R E D B Y F E D E R A L R E S E R V E B A N K O F ST. L O U I S J U L Y 27. 1990 12 G R O S S RATIO SCALE TRILLIONS N A T I O N A L P R O D U C T * QUARTERLY TOTALS AT ANNUAL RATES OF DOLLARS SEASONALLY ADJUSTED RATIO TRILLIONS OF SCALE DOLLARS 5.8 5.6 5.4 5.2 5.0 4.8 4.6 4.4 4.2 4.0 4.8 4.6 4.4 4.2 4.0 3.8 3.6 3. 3.4 3. 3.2 3 3.0 2 . 2 . 8 2 . 2 . 6 1982 1983 1984 1985 1986 1987 1988 1989 1990 SOURCE« U .S . DEPARTMENT OF COMMERCE PERCENTAGES ARE ANNUAL RATES OF CHANGE FOR PERIODS INDICATED. LATEST ^ R E V I S E D DATA FROM PLOTTED« 2ND O U ARTER A D V ANCE ESTIMATE 1987 PREPARED 13 BY FEDERAL R E S E R V E BANK OF ST. LOUIS G E N E R A L RATIO P R I C E I N D E X * SCALE RATIO SCALE 1982-100 1982-100 1982 *A S U SED 1983 IN N A TIO N A L 1984 1985 1986 1987 INCOME ACCOUNTS P E R C E N T A G E S AR E ANNUAL R A T E S OF CHANGE FOR P E R IO D S LA TEST DATA PLO T T ED « « R E V IS E D FROM 1988 SO U RCEt U .S . 1989 D EPARTM EN T 1990 OF COMMERCE IN D IC A T E D . 2ND O UARTER ADVANCE E S T IM A T E 1987 PREPA RED BY FED ER A L RESERVE BANK OF S T . L O U IS IMPLICIT PRICE D E F L A T O R F O R G R O S S N A T I O N A L P R O D U C T * ( C o m p o u n d e d A n n u a l Rates of C h a n g e ) TERMINAL Q U A RTER INITIAL QUA R T E R 5-85 4-85 1-86 2-86 5-86 4-86 4-85 5.5 1-86 2.0 0.7 2-86 2.5 1.8 2.9 5-86 5.0 2.9 4.0 5.0 4-86 2.7 2.6 5.2 5.4 1.8 1-87 2.9 2.8 5.5 5.4 2.6 5.5 2-87 2.9 2.8 5.5 5.4 2.8 5.5 1-87 2-87 5-87 4-87 1-88 1982 « 100 2-88 5-88 4-88 1-89 2 -89 5-89 4-89 1-90 112.2 112.4 115.2 114.6 115.1 116.1 117.0 5.1 118.0 5-87 5.0 2.9 5.5 5.4 5.0 5.4 5.5 5.5 4-87 2.8 2.8 5.1 5.1 2.7 5.0 2.8 2.6 1.7 1-88 2.8 2.8 5.0 5.0 2.7 2.9 2.8 2.6 2.2 2.7 2-88 5.0 2.9 5.2 5.2 5.0 5.2 5.1 5.1 2.9 5.6 4.4 5-88 5.1 5.1 5.5 5.4 5.2 5.4 5.4 5.4 5.4 4.0 4.6 4.7 4-88 5.2 5.2 5.5 5.5 5.5 5.5 5.5 5.6 5.6 4.1 4.6 4.7 4.7 1-89 5.5 5.5 5.5 5.6 5.4 5.6 5.6 5.7 5.7 4.1 4.4 4.4 4.5 118.5 119.5 120.6 122.0 125.4 124.6 5.9 125.8 2-89 5.5 5.5 5.5 5.6 5.4 5.6 5.6 5.7 5.7 4.1 4.5 4.5 4.2 5.9 5.9 5-89 5.5 5.5 5.5 5.6 5.4 5.6 5.6 5.6 5.7 5.9 4.1 4.1 5.9 5.7 5.6 5.2 4-89 5.5 5.5 5.5 5.6 5.5 5.6 5.6 5.7 5.7 5.9 4.1 4.0 5.9 5.7 5.7 5.5 5.8 1-90 5.4 5.4 5.6 5.7 5.6 5.7 5.7 5.8 5.8 4.0 4.2 4.2 4.1 5.9 5.9 5.9 4.5 4.8 2-90 5.5 5.5 5.7 5.7 5.6 5.7 5.8 5.8 5.8 4.1 4.2 4.2 4.1 4.0 4.0 4.1 4.5 4.6 4.4 5-85 4-85 1-86 2-86 5-86 4-86 1-87 2-87 5-87 4-87 1-88 2-88 5-88 4-88 1-89 2-89 5-89 4-89 1-90 * R E V I S E D F R O M 1987 E- E S T I M A T E D 126.8 128.0 129.5 15 0 . 9E INITIAL Q U ARTER P R E P A R E D B Y F E D E R A L R E S E R V E BAN K O F ST. L O U I S J U L Y 27* 1990 14 P E R S O N A L C O N S U M P T I O N E X P E N D I T U R E S IN C U R R E N T D O L L A R S * ( C o m p o u n d e d A n n u a l Rates of C h a n g e ) TERMINAL QUARTER 3-85 4-85 4-85 1-86 5-86 1-87 5.1 4.5 4.0 6.2 6.8 6.2 2-89 5-89 4-89 1-90 2.826.0 2.868.5 6.2 6.2 6.6 7.9 6.2 6.4 6.4 6.8 7.7 6.7 2-87 6.8 7.0 7.5 8.2 5-87 7.1 7.2 7.6 8.5 4-87 6.7 6.8 7.0 7.5 1-88 6.9 7.0 7.5 7.8 7.0 7.1 7.5 7.7 7.5 2.919.5 7.7 8.4 9.6 2.987.2 8.0 8.6 9.5 8.9 7.1 7.5 7.4 4.2 5.7 7.5 7.7 7.8 7.2 6.4 7.4 7.1 8.5 7.8 8.2 8.2 7.9 8.2 8.1 7.1 7.0 6.4 7.4 7.8 7.5 7.7 7.5 7.5 7.8 7.6 7.8 7.9 7.0 7.0 7.2 7.5 7.5 7.5 7.5 5.204.5 5*268.2 7.5 7.2 7.2 7.4 7.5 7.1 7.2 7.1 5.147.7 9.2 7.6 5-88 7.0 5.079.1 7.7 4-88 7.4 7.4 7.5 7.4 7.5 5.051.6 7.7 7.8 7.2 7.1 6.7 6.9 6.8 8.5 7.5 7.4 7.0 6.9 5-89 7.0 7.0 7.2 7.4 7.2 7.5 7.5 7.1 6.9 7.5 7.0 6.9 4-89 6.8 6.8 7.0 7.2 7.0 7.0 7.0 6.8 6.5 6.9 6.6 6.4 2-90 1-89 2.761.0 1-87 1-90 4-88 9.8 4—86 2-89 5-88 2.754.5 5.6 5.0 1-89 2-87 2.700.4 2-86 2-88 4-86 BILLIO N S OF DOLLARS 6.0 1-86 5-86 2-86 IN IT IA L QUARTER ANNUAL RATES 5-87 4-87 1-88 2-88 6.9 6.9 7.0 7.2 7.1 7.1 7.1 6.9 6.7 7.0 6.8 6.7 5.352.6 5,571.7 4.8 5.425.9 5.7 6.6 6.6 6.1 6.8 7.0 6.1 5.6 5.8 5.5 4.0 6.1 6.4 6.4 6.0 8.2 5.7 5.2 5.8 5.5 2-89 5-89 4-89 1-90 6.5 6.4 6.7 6.7 6.8 7.0 6.8 6.9 6.8 6.6 6.4 6.7 6.4 6.5 6.0 5.7 5.8 5-85 4-85 1-86 2-86 5-86 4-86 1-87 2-87 5-87 4-87 1-88 2-88 5-88 4-88 1-89 5.484.5 5.518.5 5.588.1 5*619.5E IN IT IA L QUARTER « REVISED FROM 1987 E- ESTIMATED PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS JULY 27. 1990 P E R S O N A L C O N S U M P T I O N E X P E N D I T U R E S I N 1982 D O L L A R S * ( C o m p o u n d e d A n n u a l Rates of C h a n g e ) TERMINAL QUARTER 5-85 4-85 1-86 2-86 5-86 4-86 1-87 2-87 IN IT IA L QUARTER ANNUAL RATES 5-87 4-87 1-88 2-88 BILLIO N S OF DOLLARS 5-88 1-89 4-88 2-89 5-89 4-89 1-90 2*586.9 4-85 1.9 1-86 5.0 4.1 2-86 5.2 5.8 5.6 2.410.9 2.452.4 5-86 5.7 4.4 4.5 5.4 4-86 5.4 5.8 5.7 3.8 2.2 2.464.4 1-87 5.0 5.2 5.0 2.7 1.4 0.7 2-87 3.2 5.4 5.5 5.2 2.5 2.6 4.5 5-87 5.5 5.5 5.4 5.4 2.9 3.2 4.4 4.5 4-87 2.9 5.0 2.9 2.8 2.5 2.5 2.8 1.9 2.477.8 2.482.2 2.509.9 2*556.6 -0.4 2.554.2 1-88 5.5 5.5 5.4 5.4 5.0 3.2 3.8 5.6 5.2 6.9 2-88 5.2 5.4 5.5 5.5 5.0 3.1 5.6 5.4 5.0 4.8 2.7 5-88 3.5 5.4 5.5 5.5 5.0 3.2 5.6 5.4 5.1 4.5 5.1 5.5 4-88 5.5 5.4 5.5 5.5 5.1 3.2 5.6 5.4 5.2 4.1 5.2 5.5 5.5 2.576.8 2*594.1 2.616.4 2.658.8 1-89 5.0 5.1 5.0 5.0 2.7 2.8 5.1 2.9 2.6 5.2 2.5 2.2 1.6 -0.5 2-89 2.9 5.0 2.9 2.8 2.6 2.7 2.9 2.7 2.4 2.9 2.1 2.0 1.5 0.5 1.5 5-89 5.0 5.1 5.0 5.0 2.8 2.8 5.0 2.9 2.7 5.1 2.5 2.5 2.5 1.8 2.9 4.6 4-89 2.8 2.8 2.8 2.7 2.5 2.5 2.7 2.5 2.5 2.6 2.0 1.9 1.6 1.2 1.7 1.9 -0.8 2.656.7 2.645.5 2.675.5 2*669.9 1-90 2.7 2.7 2.7 2.6 2.4 2.4 2.6 2.4 2.2 2.5 1.9 1.8 1.5 1.2 1.5 1.6 0.1 1.1 2-90 2.5 2.6 2.5 2.4 2.2 2.2 2.5 2.1 2.0 2.2 1.7 1.6 1.5 0.9 1.2 1.1 0.0 0.4 -0.5 5-85 4-85 1-86 2-86 5-86 4-86 1-87 2-87 5-87 4-87 1-88 2-88 5-88 4-88 1-89 2-89 5-89 4-89 1-90 « REVISED FR O M 1987 E- ESTIMATED 2.677.5 2.675.2E INITIAL QUARTER P R E P A R E D B Y F E D E R A L R E S E R V E B A N K O F ST. L O U I S J U L Y 27. 1990 15 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 C U R R E N T D O L L A R S * ( C o m p o u n d e d A n n u a l Rates of C h a n g e ) BILLIONS OF terminal QUARTER initial quarter 5-85 4-85 1-86 4-85 18.7 1-86 19.1 2-86 6.5 1.0 - 1 4.7 2- 8 6 5-86 4-86 1-87 2-87 5-87 dollars ANNU A L R A T E S 4-87 1-88 2-8 8 5-88 4 -88 1-89 2-89 5-89 4-89 1-90 654.1 19.4 685.8 657.2 5-86 5.4 -1.5 -10.5 -5.7 4-86 2.8 -0 . 8 -6.8 -2.5 0.7 1-87 5.5 2.8 -1. 0 4.0 9.2 18.5 2-87 5.6 5.6 0.7 4.9 8.7 12.9 647.7 648.8 676.7 7.8 689.5 5-87 5.0 5.2 0.7 4.0 6.6 8.7 4.2 0.6 4-87 7.8 6.5 4.7 8. 4 11.4 14.5 12.9 15.6 52.8 1-88 6.2 4.9 5.5 6.1 8.2 9.8 7.8 7.7 11.5 - 6.4 2-88 6.5 5.4 5.9 6.5 8.4 9.8 8.1 8.2 10.8 1.2 9.5 5-88 6.9 5.9 4.6 7.0 8.7 9.9 8.6 8 .7 10.9 4.4 10.2 10.9 4-88 5.6 4.5 5.5 5.5 6.6 7.5 5.9 5.5 6.5 0.8 5.4 0.4 -9.1 1-89 6.0 5.1 4.0 5.9 7.1 7.9 6.7 6.5 7.5 5.0 5.6 4.5 1.1 12.4 2-89 5.9 5.0 4.0 5.7 6.8 7.5 6.5 6.1 6.9 5.1 5.2 4.1 1.9 8.0 5.7 5-89 5.5 4.7 5.7 5.2 6.2 6.7 5.6 5.4 6.0 2.6 4.2 5.2 1.5 5.1 1.6 -0.5 4-89 4.7 5.9 5.0 4.5 5.2 5.5 4.4 4.1 4.5 1.4 2.6 1.5 - 0.5 2.0 - 1.2 - 5.6 -6.6 1-90 4.0 5.2 2.2 5.5 4.2 4.4 5.4 5.0 5.2 0.5 1.2 0.1 -1.6 0.0 -2.9 - 5.0 -7. 2 -7. 9 2-90 4.5 5.8 2.9 4.1 4.8 5.1 4.2 5.9 4.2 1.7 2.6 1.8 0.5 2.2 0.5 -0.6 -0. 6 2.6 14.2 5-85 4-85 1-86 2-86 5-86 4-86 1-87 2-87 5-87 4-87 1-88 2-88 5-88 4-88 1-89 2 -89 5-89 4-89 1-90 6 90.6 741.4 729.2 746.0 765.6 747.5 769.7 776.7 775.8 762.7 747.2 772 . 4E I N ITIAL QUA R T E R « R E V I S E D F R O M 1987 E- E S T I M A T E D P R E P A R E D BY F E D E R A L R E S E R V E BAN K O F ST. L O U I S J U L Y 27, 1990 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 I N 1982 D O L L A R S * ( C o m p o u n d e d A n n u a l Rates of C h a n g e ) TERMINAL Q UA R T E R 5-85 4-85 20.8 4-85 1-86 2-86 5-86 4-86 1-87 2-87 INITIAL QUAR T E R ANNUAL RATES 5-87 4-87 1-88 2 -88 B I L L I O N S OF DOLLARS 5-88 4-88 1-89 2-89 5-89 4-89 1-90 648.0 1-86 19.6 2-86 5.5 -1.8 - 1 8.5 5-86 1.1 -4. 7 - 1 4 . 5 - 1 0 . 5 4-86 -0.4 1-87 2.8 -0.4 2-87 5.7 5-87 18.5 676.1 -5.1 - 1 1.8 642.5 625.1 -8 . 5 -6.2 - 4.6 0.5 6.4 20.6 615.2 1.1 -2.0 2.6 7.5 14.8 9.2 5.8 1.6 -1.0 2.9 6.5 11.1 6.6 4.1 4-87 6.1 4.4 2.6 6.6 10.5 14.9 15.0 14.9 26.9 1-88 5.0 5.4 1.6 4.9 7.7 10.7 8.5 8.0 10.1 -4.6 2-88 4.9 5.4 1.9 4 .8 7.1 9.5 7.4 7.0 8.0 -0. 4 5.9 5-88 5.4 4.1 2.7 5.4 7.5 9.7 7.9 7.7 8.6 5.1 7.2 4-88 5.7 2.4 1.1 5.5 4.9 6.4 4.5 5.7 5.6 -1.5 -0. 4 1-89 4.5 5.2 2.0 4.1 5.6 7.0 5.5 4.9 5.1 1.2 2.7 2 .5 -1.7 12.5 2-89 4.1 5.0 1.9 5.8 5.2 6.4 5.0 4.5 4.5 1.2 2.4 2.0 -0.7 6.7 644.7 659.1 665.7 706.6 698.4 705.1 7 25.0 10.5 696.2 -2.5 -14.0 717.0 719.1 1.2 5-89 4.0 2.9 1.9 5.7 4.9 6.0 4.7 4.2 4.2 1.5 2.5 1.9 -0.1 5.0 1.5 1.8 4-89 5.5 2.5 1.5 2.9 4.0 4.8 5.5 5.0 2.8 0.2 0.9 0.4 - 1.5 1.9 -1.5 -2.8 -7.1 1-90 2.8 1.9 0.9 2.5 5.5 4.1 2.8 2.5 2.1 -0. 4 0.2 -0.4 -2.1 0.5 -2.5 -5. 4 - 5.9 -4.7 2-90 5.1 2.2 1.5 2.7 5.6 4.4 5.2 2.7 2.6 0.4 1.0 0.7 -0.7 1.7 -0.5 -0.7 -1. 5 1.5 8.0 5-85 4-85 1-86 2 -86 5-86 4-86 1-87 2-87 5-87 4-87 1-88 2-88 5-88 4-88 1-89 2-89 5-89 4-89 1-90 « REVISED F R O M 1987 E- E S TIMATED 722.5 709.1 700.7 7 1 4 . 5E I N I TIAL QUA R T E R P R E P A R E D B Y F E D E R A L R E S E R V E B ANK OF ST. L O U I S J U L Y 27» 1990 16 G O V E R N M E N T P U R C H A S E S O F G O O D S A N D SER V I C E S IN C U R R E N T D O L L A R S * ( C o m p o u n d e d A n n u a l Rates of C h a n g e ) T ERMINAL QUARTER INITIAL QUARTER 5-85 4-85 1-86 2-86 5-86 4-86 1-87 2-87 5-87 4-87 2-88 1-88 5-88 4-88 1-89 2-8 9 5-89 4-89 BILLIONS OF DOLLARS ANNUAL RATES 1-90 4— 85 8.1 1-86 2.4 -5.0 2-86 4.6 5.0 9.2 5-86 4.8 5.7 7.2 5.2 4-86 4.6 5.8 6.1 4.6 4.0 1-87 5.0 4.4 6.4 5.4 5.6 7.2 904.5 2-87 4.7 4.2 5.6 4.8 4.6 5.0 2.8 9 10.7 5-87 5.1 4.7 6.0 5.4 5.5 6.0 5.4 8.1 4-87 5.2 4.9 6.0 5.5 5.6 6.0 5.6 7.0 5.9 1-88 4.6 4.5 5.2 4.6 4.5 4.7 4.0 4.4 2.7 -0.5 2-88 4.8 4.5 5.5 4.8 4.8 4.9 4.5 4.9 5.9 2.9 5-88 4.5 4.0 4.7 4.2 4.1 4.1 5.6 5.8 2.7 1.7 2.8 -0.7 4-88 5.5 5.5 6.1 5.8 5.8 6.1 5.9 6.4 6.1 6.2 8 .5 9.6 20.8 1-89 5.4 5.1 5.9 5.5 5.6 5.8 5.6 6.0 5.7 5.6 7.2 7.5 11.8 5.4 2-89 5.4 5.2 5.8 5.6 5.6 5.8 5.6 6.0 5.7 5.6 7.0 9.7 4.6 5 .8 5-89 5.2 5.0 5.6 5.5 5.5 5.4 5.2 5.5 5.2 5.1 6.0 7.8 5.7 5.9 2 .0 4-89 5.2 5.0 5.6 5.4 5.4 5.5 5.5 5.6 5.5 5.2 6.1 6.0 7.4 4.5 4.6 4.1 6.2 856.7 850.5 86 9 . 5 880.5 888.9 928.5 9 42.0 940.9 955.4 6.5 955.8 1 *000.0 1 ,008.5 1 ,022.7 1 ,027.8 1 ,045.5 1 ,070.1 1-90 5.5 5.4 5.9 5.7 5.7 5.9 5.8 6.0 5.8 5.8 6.7 8.0 5.6 6.1 6.2 8 .4 10.7 2-90 5.6 5.4 5.9 5.7 5.8 5.9 5.8 6.1 5.9 5.9 6.6 6.7 7.7 5.7 6.2 6.5 7.7 8.5 6.4 5-85 4-85 1-86 2-86 5-86 4-86 1-87 2-87 5-87 4-87 1-88 2-88 5-88 4-88 1-89 2-89 5-89 4 -89 1-90 1 »086.7E INITIAL QUARTER • REVISED FR O M 1987 E- ESTIMATED P R E P A R E D B Y F E D E R A L R E S E R V E B A N K O F ST. L O U I S J U L Y 27* 1990 G O V E R N M E N T P U R C H A S E S O F G O O D S A N D S E R V I C E S I N 1982 D O L L A R S * ( C o m p o u n d e d A n n u a l Rates of C h a n g e ) TERMINAL Q UARTER INITIAL QUARTER 5-85 4-85 1.6 1-86 -1.5 4-85 1-86 2-86 5-86 4-86 1-87 2-87 5-87 4-87 1-88 2-88 5-88 4-88 1-89 2-89 5-89 4-8 9 1-90 B I L L I O N S OF DOLLARS ANNUAL RATES 752.7 - 4.5 744.1 2-86 2.0 2.5 9.5 5-86 2.1 2.2 5.8 2.1 4-86 2.8 5.1 5.8 5.9 5.8 761.2 765.2 776.0 1-87 2.5 2.4 4.2 2.5 2.8 -0.2 2-87 1.5 1.5 2.7 1.1 0.7 -1.7 -5.2 5-87 2.0 2.0 5.2 2.0 1.9 0.7 1.1 5.5 4-87 2.4 2.5 5.6 2.6 2.7 2.0 2.7 5.7 6.0 1-88 1.2 1.2 1.9 0.8 0.6 -0.4 -0.4 0.5 -1. 9 -9.2 2-88 1.4 1.4 2.0 1.1 1.0 0.2 0.5 1.2 -0. 2 -5.2 5.5 775.7 769.5 779.8 791.5 772.4 778.7 5-88 0.9 0.9 1.4 0.6 0.4 -0.4 -0.4 0.2 -l.l -5.4 -0.5 -5.8 4-88 2.0 2.0 2.7 2.0 2.0 1.5 1.8 2.6 2.1 1.1 4.8 5.5 15.7 1-89 1.6 1.6 2.2 1.5 1.4 1.0 1.1 1.7 1.1 0.2 2.7 2.5 5.8 771.2 799.9 -5. 5 795.2 2-89 1.8 1.8 2.5 1.7 1.7 1.5 1.4 2.0 1.5 0.8 5.0 2.9 5.2 0.5 4.0 5-89 1.5 1.5 2.0 1.4 1.5 0.9 1.0 1.5 1.0 0.4 2.0 1.8 5.2 -0. 6 0.8 -2.4 4-89 1.6 1.6 2.0 1.5 1.5 1.1 1.2 1.7 1.5 0.7 2.2 2.0 5.2 0.5 1.5 0.5 801.0 796.2 5.0 802.2 1-90 1.7 1.7 2.1 1.6 1.6 1.2 1.4 1.8 1.4 0.9 2.5 2.1 5.1 0.8 1.9 1.2 5.0 2 .9 2-90 1.9 1.9 2.5 1.9 1.9 1.6 1.7 2.1 1.9 1.4 2.7 2.6 5.6 1.7 2.7 2.4 4.0 4.5 6.2 5-85 4-85 1-86 2-86 5-86 4-86 1-87 2-87 5-87 4-87 1-88 2-88 5-88 4-88 1-89 2-8 9 5-89 4-89 1-90 « REVISED FROM 1987 E- ESTIMATED 80 7 . 9 8 2 0 . 2E INITIAL QUARTER P R E P A R E D B Y F E D E R A L R E S E R V E B A N K OF ST. L O U I S J U L Y 27, 1990 17 D I S P O S A B L E P E R S O N A L I N C O M E IN C U R R E N T D O L L A R S * ( C o m p o u n d e d A n n u a l Rates of C h a n g e ) T E R MINAL Q U ARTER 3-85 4-85 1-86 2-86 3-86 4-86 1-87 2-87 INITIAL Q U A R T E R ANNUAL RATES 3-87 4 - 8 7 1-88 2-88 4-85 8. 6 1-86 8. 6 8.5 2-86 7.9 7.5 6.5 3— 86 6.5 5.8 4.4 2.4 4-86 6.2 5.7 4.7 3.8 5.3 1-87 6.9 6.6 6.1 6.0 7.8 10.4 2-87 5.6 5.1 4.5 4.0 4.5 4.1 -1.8 3-87 6.3 6.0 5.6 5.4 6.2 6.5 4.6 11.4 4-87 6.9 6.7 6.5 6.5 7.3 7.8 7.0 11.6 11.9 1-88 7.2 7.0 6.9 6.9 7.7 8.2 7.6 10.9 10.7 9.6 2-88 7.2 7.1 6.9 7.0 7.6 8.0 7.6 10.0 9.6 8.5 7.4 B I L L I O N S OF DOLLA R S 3-88 4-88 1-89 2-89 3-89 4-89 1-90 2 ,899.5 2,959.2 3,006.5 3,024.3 3,063.4 3 ,139.8 3 ,125.7 3,211.1 3,302.3 3,378.6 3,439.4 3-88 7.4 7.3 7.2 7.3 7.9 8.3 7.9 10.0 9.6 8.9 8.6 9.7 4-88 7.4 7.3 7.2 7.2 7.8 8.1 7.8 9.4 9.1 8.4 8.0 8.3 6.9 1-89 7.5 7.4 7.4 7.4 8.0 8.3 8.0 9.5 9.1 8.6 8.4 8 .7 8 .2 9.6 2-89 7.3 7.2 7.1 7.1 7.6 7.8 7.5 8.8 8.4 7.8 7.5 7.5 6.8 6.7 3.9 3-89 7.1 7.0 6.9 7.0 7.4 7.6 7.3 8.3 8.0 7.4 7.1 7.0 6.3 6.2 4.5 5.1 4-89 7.1 7,-0 6.9 6.9 7.3 7.4 7.2 8.1 7.8 7.3 6.9 6.9 6.3 6.2 5.1 5.6 6.1 1-90 7.2 7.1 7.1 7.1 7.4 7.6 7.4 8.3 7.9 7.5 7.3 7.3 6.8 6.8 6.2 6.9 7.9 9.6 2-90 7.1 7.0 6.9 6.9 7.2 7.4 7.1 7.9 7.6 7.2 6.9 6.9 6.5 6.4 5.8 6.3 6.7 7.0 4.4 3-85 4-85 1-86 2-86 3-86 4-86 1-87 2-87 3-87 4-87 1-88 2-88 3-88 4-88 1-89 2-89 3-89 4-89 1-90 3,520.1 3,578.9 3,661.7 3,697.3 3,743.4 3,799.6 3,887.7 3 , 9 2 9 . 6E INITIAL Q U ARTER « R E V I S E D FR O M 1987 E- E S T I M A T E D P R E P A R E D B Y F E D E R A L R E S E R V E BANK OF ST. L O U I S J ULY 27, 1990 D I S P O S A B L E P E R S O N A L I N C O M E I N 1982 D O L L A R S * ( C o m p o u n d e d A n n u a l Rates of C h a n g e ) TERMINAL Q UA R T E R 3-85 4-85 1-86 2-86 3-86 4-86 1-87 2-87 INITIAL QUA R T E R A N N U A L R A TES 3-87 4-87 1-88 2-88 3-88 4-88 B I L L I O N S OF DOLL A R S 1-89 2-89 3-89 4-89 1-90 2* 562.8 4-85 4.4 1-86 5.9 7.4 2-86 6.0 6.8 6.2 3-86 4.0 3.9 2.2 -1.7 4-86 3.5 3.3 1.9 -0. 2 2,609.2 2, 648.6 2,637.3 2,646.2 1.4 2 , 669.5 1-87 3.5 3.3 2.3 1.1 2.5 3.6 2-87 2.0 1.6 0.5 -0. 8 -0.6 -1.5 -6.3 3-87 2.6 2.4 1.5 0.6 1.2 1.2 0.0 6.7 4-87 3.1 3.0 2.4 1.7 2.4 2.7 2.4 7.1 7.5 1-88 3.5 3.4 3.0 2.5 3.2 3.6 3.6 7.1 7.4 7.3 2-88 3.5 3.4 2.9 2.5 3.2 3.5 3.4 6.0 5.8 5.0 2.7 3-88 3.6 3.5 3.1 2.8 3.4 3.7 3.7 5.8 5.6 4.9 3.8 4.9 4-88 3.5 3.4 3.0 2.7 3.2 3.5 3.5 5.2 4 .9 4.3 3.3 3.6 2.3 1-89 3.5 3.5 3.1 2.9 3.3 3.6 3.6 5.1 4.8 4.3 3.5 3.8 3.3 4.2 2-89 3.2 3.1 2.8 2.5 2.9 3.1 3.0 4.3 3.9 3.3 2.6 2.5 1.7 1.5 -1.2 3-89 3.2 3.1 2.8 2.5 2.9 3.1 3.0 4.1 3.8 3.2 2.6 2.6 2.0 1.9 0.8 2.7 4-89 3.1 3.0 2.7 2.5 2.8 2.9 2.8 3.8 3.5 3.0 2.4 2.4 1.8 1.7 0.9 2.0 1.2 1-90 3.0 3.0 2.7 2.5 2.8 2.9 2.8 3.7 3.4 2.9 2.4 2.4 2.0 1.9 1.3 2.2 1.9 2.5 2-90 2.9 2.8 2.6 2.3 2.6 2.7 2.6 3.4 3.1 2.7 2.2 2.1 1.7 1.7 1.1 1.7 1.4 1.5 0.5 3-85 4-85 1-86 2-86 3-86 4-86 1-87 2-87 3-87 4-87 1-88 2-88 3-88 4-88 1-89 2-89 3-89 4-89 1-90 * R E V ISED FR O M 1987 E- EST I M A T E D 2, 626.3 2,669.2 2,717.9 2 , 765.9 2,784.4 2 , 818.0 2,833.9 2 , 8 63.5 2 , 8 54.9 2,874.3 2,883.2 2,900.9 2,9 0 4 . 4 E INITIAL QUA R T E R P R E P A R E D B Y F E D E R A L R E S E R V E BANK O F ST. L O U I S J U L Y 27, 1990 18 C O R P O R A T E PROFITS AFTER TAXES* ( C o m p o u n d e d A n n u a ) Rates of C h a n g e ) BILLIO N S OF t e r m in a l QUARTER in it ia l 2-85 5-85 17.1 4-85 18.5 5-85 4-85 1-86 2-86 5-86 4-86 1-87 2-87 quarter d o llars ANNUAL RATES 5-87 4-87 1-88 2-88 5-88 4-88 1-89 2-89 5-89 4-89 129.2 19.9 155.2 1-86 -11.9 -25.6 -51.4 2-86 -10.5 -18.1 -52.4 -5.9 5-86 -5.4 -10.5 -18.6 5.4 18.0 4-86 -1.7 -5.1 -10.5 9.7 18.4 18.8 1-87 4.8 2.9 -0.2 19.4 29.5 55.5 54.0 2-87 8.5 7.4 5.4 25.0 51.6 56.4 46.2 112.9 111.2 115.9 121.0 154.8 58.7 146.5 5-87 10.5 9.5 8.1 25.5 50.4 55.7 59.1 52.2 26.0 4-87 10.0 9.2 8.0 21.0 26.2 27.9 50.2 25.2 16.0 6.9 1-88 12.5 12.0 11.2 25.5 28.1 29.9 52.2 27.5 25.7 22.6 2-88 12.9 12.6 11.9 22.7 26.8 28.2 29.8 25.4 22.5 21.1 28.9 18.1 5-88 12.6 12.2 11.5 21.2 24.6 25.5 26.5 22.4 19.5 17.7 21.6 15.1 8.5 4-88 12.8 12.4 11.8 20.6 25.7 24.5 25.0 21.3 18.7 17.2 20.0 15.8 11.7 15.5 1-89 11.5 11.1 10.4 18.5 20.7 21.0 21.5 17.7 15.0 15.2 14.5 8.8 5.9 4.7 2-89 8.8 8.2 7.4 14.2 16.1 15.9 15.6 12.0 9.0 6.8 6.7 1.0 5-89 6.7 6.1 5.2 11.2 12.6 12.2 11.6 8.1 5.1 2.7 2.2 -5.1 155.0 157.6 40.6 171.6 178.9 182.5 -2.9 189.1 -5.0 186.7 -6.5 -15.5 -24.9 175.8 -6.9 -10.4 -17.6 -25.2 -21.5 165.6 166.5 4-89 6.7 6.1 5.5 10.9 12.2 11.8 11.2 7.9 5.5 5.2 2.7 -1.8 -4.8 -7.2 -12.1 -14.5 -8.4 6.8 1-90 6.4 5.9 5.1 10.5 11.5 11.0 10.4 7.4 5.0 5.1 2.6 -1.5 -5.8 -5.7 -9.4 -10.5 -5.1 4.5 1.9 2-85 5-85 4-85 1-86 2-86 5-86 4-86 1-87 2-87 5-87 4-87 1-88 2-88 5-88 4-88 2-89 5-89 4-89 1-89 167.IE IN IT IA L QUARTER « REVISED FROM 1987 E- ESTIMATED PREPARED BY FEDERAL RESERVE BANK OF ST * LOUIS JULY 27, 1990 H IS T O N A T IO N A L E s t i m o f N C u r r e n t t h e B u I P A J u s i n B u l y W e a l t h D e p a r t m s i n f o J u e e n t f u r t h o f t h e D l y N a t a f o 1 9 8 7 , a t i o n e r t a n C o m m a l r 1 9 8 3 , J u l y t i c a l a t i o n W S O U R C E S t h e T a b a n d r e g A C C O U N T S u l a r p u b l i s h e d 1 9 8 4 , 1 9 8 8 e O F P R O D U C T a t e s In c o m ( B E - 5 4 ) , e r c e , i n a r e E s t i m t i s i n f o r m i v i s i o A N D s e r i e s c t i v e l y . T h e D IN C O M E 1 9 8 7 - 9 0 :1 1 e s s . r e s p i n r r 1 9 2 9 - 9 2 ; ______ S s . F o r a n d f o l e s 1 9 8 6 , e s s , p u b l i s h e d S t a t e a t e s t a b R IC A L 1 9 8 5 a n d f o a n d r J u N q i n u a r t e r l y t h e a n d l y J u f o r e s e n 1 9 9 0 a r e S u r v e y s e r i e s P r o d u c t p l y 1 9 8 6 1 9 8 9 I P A D A T A r A c c o u n t s p o t a t i o S u r v e y o u b l i s h e d f C f t h e N a t i o f i n u r r e n t 1 9 2 9 - 8 2 o n U a r e n i t e d l e s . p B u r e a u a s h i n g t o n , r i c e s , o f D . C . 19 w r i t e E c o n o m ic 2 0 2 3 0 . t o A t h e n a l y s i s , U n a l . S . In c o m e INVENTORIES COMPARED WITH MONTHLY M ANUFACTURING AND TRADE SALES SEASONALLY ADJUSTED 72 72 6 8 6 8 64 64 1 .6 0 60 1.5 6 56 52 52 48 48 44 44 40 40 36 36 1976 1977 19 7 8 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 SOURCE-. U.S.DEPARTMENT OF COMMERCE *BEGINNIN6 IN 1982. INVENTORY DATA REFLECT CHAN6ES IN ESTIMATION PROCEDURES. SHADED AREAS REPRESENT PERIODS OF BUSINESS RECESSIONS. LATEST DATA PLOTTED: MAY PRELIMINARY PREPARED 20 BY FEDERAL RESERVE BANK OF ST. LOUIS
@FedFRASER