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n f l T i o n A L e c o n o m r ce i i d s
ti
PREPARED

MONTH ENDING:




BY

FEDERAL

November 30, 1972

RESERVE

BANK

OF

ST. LOUIS

RELEASED:

December 26, 1972

The economic recovery, which began about two years
ago, continued to progress strongly into year-end 1972. Sales,
income, production and employment increased at rapid rates
throughout most of the year. Consumer prices and wholesale
prices of all commodities also increased rapidly in the latter
half of 1972.
Personal income increased 10.6 percent in the year
ending in November, about the same as the 10.8 percent annual
rate of increase since May. Retail sales rose at almost a 15
percent rate from June to November. The ratio of inventories to
sales, which has been declining the past two years, was at 1.47
in October of this year, compared to 1.61 in October 1971 and
1.67 in October 1970.
Industrial production increased 10.3 percent from
November 1971 to November 1972, little different from the 11.1
percent rate of increase from June 1972 to November. Total
civilian employment rose 3.1 percent in the year ending in
November, compared with a 2.3 percent increase in the labor
force over the same period. As a result, the employment rate
fell from 6 percent of the labor force in November 1971 to 5.2
percent in November 1972.
Consumer prices increased at a 4.2 percent rate from
June to November, compared with a 2.9 percent rise in the pre­
ceding year. Wholesale prices of all commodities increased at
a 5.7 percent rate from May to November, after rising 3.9 per­
cent in the preceding year.

2
TOTAL C I V I L I A N EMPLOYMENT
COMPOUNDED ANNUAL R A T E S OF CHANGE
TERMINAL

IN IT IA L

MONTH

THOUSANDS

month

of

_____________ 4-71

5- 71

6-71

7-7 1

8- 71

9-71

10- 71

1 1-71

12-71

1-72

2-72

3-72

4-72

5-7 2

6-7 2

7-72

8- 72

9- 72

perso n s

10-72___________________

I n U U l m inT h
T

PkEPARtO
DECEMBER
d ay p o l l

COMPOUNDED

rt Y
P,

FEDERAL
1972

REStKVt

BANK

OF

ST.

LOUIS

em plo ym en t

ANNUAL

KA TE S

OF

CHANGE

TE R M IN A L_______________________________________________________________________________I N I T I A L M O N T H _________________________________________________________________________ THQUS ANDS
MOn TR
OF P E R S O N S
5-71
9-71 10-71 1 1-71 12- 71
4- 71
6-71
8-71
7-71
1-72
2 -72
3-72
4-72
5- 72
6 -7 2
7 -7 2
9- 72 10 -7 2
8 -7 2
5-7 1

3.1

6-71

I .0

70,643
- 1. ?

70,574

7-71

J.4

-0.9

-0.7

8-71

0.4

-0.5

-C. ?

9- 7 I

I

0.9

1. 5

2.7

5. 1

10-71

I . 1

0. 7

L. 2

1.9

2.7

0. 3

11-71

1.6

1. 3

1.8

? .4

3.2

2.2

4.2

l?- 7 l

I .n

1.6

2.0

2.6

3.2

2.6

3. 7

70,532
70,548
70,843
7 0 ,8 6 1
7 1 t 103
3 .2

7 1 ,2 9 1

1-7?

?. 1

1.9

2.4

2.9

3.4

3.0

4.0

3.8

4 .5

2-7?

2.2

2. 1

2.5

3.0

3 .4

3.1

3.8

3.7

3 .9

3 .;

3-72

? .4

2.3

2.7

3 .2

3.6

3.3

3.9

3.9

4. 1

3.9

X
4.6

4-7?

2.5

2.5

2.«

3.3

3.6

3 .4

3.9

3.9

4. 1

3.9

4.3

71,552
t J . W

71,744

l

72,0 1 1
72,246

\

5 -72

2.r

2.8

3.1

3.5

3.9

3.7

4 .2

4.2

4 .4

4.4

4.8

4.9

6-7?

2.7

2. 7

3.0

3.4

3.7

3.5

3 .9

3.9

4 .0

3.9

4.0

3.9

3.8

7-7?

2.5

2. <
♦

2.7

3.0

3.3

3.1

3.4

3.3

3. 3

3 .1

3.1

2.7

I t}

0.6

-0.6

8- 7?

2.7

2. 6

2.9

3.2

3.5

3.3

3.6

3.5

3 .6

3.5

3.5

3.3

3.1

2.2

2.4

5.5

9-7?

2.7

2.7

2.9

3.2

3.4

3.3

3.6

3.5

3.5

3 .4

3.4

3.3

3.1

2.4

2.7

4.3

3.2

73,176

10-7?

2.0

2 .9

3.2

3.4

3.6

3.5

3.8

3.8

3.8

3.8

3.8

3. 7

3. 7

3.2

3.6

5.0

4.8

73.559P

1 1-72

2.9

2.9

3. ?

3.4

3.6

3.5

3.8

3.7

3 .8

3.7

3.8

3.7

3.6

3.3

3.6

4.6

3

4.9

7-71

8-71

9-71

10-71

1 1-71

12- 71

1-72

2 -7 2

3 -7 2

4-72

5-72

6-72

7-72

8-72

9- 7 2

4 -7 1

5-71

6-71

IN IT IA L
P-

72,592
, . a\

72,699
72 .6 6 1
72,984

1

73.765P

---

10 -7 2

MONTH

P R F l 1MI NARY




PREPARED
D EC EM B ER

6Y
8,

FEDLRAL
1972

RtStRVE

BANK OF

ST .

LOUIS

3

EMPLOYMENT
RATI O

RATI O

SCALE

MILLIONS

OF

PERSONS

SEASONALLY

MILLIONS

ADJUSTED

OF

SCALE

PERSONS

8

7

6

5
SO U R C E - .

PERCENTAGES

ARE

LATEST

PLOTTED-.

DATA




ANNUAL

RATES

NOVEMBER

OF

C HANGE

FOR

PERIODS

U.S.DEPARTMENT

OF

LABOR

R E S E R VE BANK OF S T .

LOUIS

IN D IC ATED.

PR ELIM INARY

P RE PA R ED BY F E D E R A L

4

INDUSTRIAL PRODUCT ION
COHPQlffflED kMtAlkL HATES Of ¿HAM&t
MONTH
4-71
5-71

5 .?

6-71

7-71

A- 71

9-71

10-71

T 1-'n

1 ?- 71

1-72

2-72

1-72

4-72

5-72

ft- 72

7-72

ft-7?

9-72 10-72

10. 6

6-71

5-71

107. 4
107 4

0. 0

7-71

1.1

- 1 .1

- 6 .5

A-71

- ?. 5

-ft. 5

-9.

f
t

1Oft . ft
105.

1

9-71

1 .4

- 0 . ft

-1 . t

1. 7

1 0-71

O.ft

- 1 .1

- 1 .7

0 .0

7,.(1

1' -71

1 .5

0. 0

1 .7

7 .n

12-71

2 .1

1 .1

1 .1

2 .9

1 -7 ?

? . ft

l.fl

?-. 1

1 .6

?- 7 ?

4 .0

1. ?

1 .7

1 -7 ?

4. *

4. 1

4 -7?

5. Q

5-”>?

1ft

7,, i

l.ft

7., 5

ft,

7,. 7

4 .5

7,, \

7,. *

5. ?

ft., 5

ft.

9., 1

10. 0

11 . n

4 .7

ft. ?

9,1

i- S

ft. 1

7 . ft

a

5. 4

5 Q

ft-7?

s. 5

5. 1

5. ft

7-7 ?

i.i

5. ?

5. ft

ft. ft

ft 1iS
>

ft— ?
7

«.Q
1

* ft

ft.ft

7. 1

.
ft , 9

<5-7?

ft. 1

ft n

ft. 4

7 .4

9,, 1

ft.4

ft. ft

7 .7

9,, 1

ft. 7

7. ?

ft. 1

9,. 7

9. 1

ft. A

ft. 4

7. o

ft .

4-71

f
t

5-71

c
c

7.

11 - 7 ?

6-71

1 07 .4
1 0 ft.1
10ft. 7

A

ft
7. f
t

in . , ?

11.>
0

i ? .n

U . ft

in .,4

«. 1

11. h

ii., 5

n ,^

1A.

7. ?

9,, 7

ft. 7

10 , 5

n ., 1

11 , 7

1? . o

ft. ft

ft,, 9

7. Q

9., 4

9.>
ft

i o .n

1ft. 7

7 .7

9. n

O., ?

0 4

O. A

ft. 7

7. 5

4 . ft

^ . ft

5 .4

ft. 1

9.

Q,, 5

« ,7

1ft. 1

O. 1

1. 4
1

ft. ft

ft. 5

ft. ft

1 ? .? ^ N .

9. 5

Q.i ft

in ,, n

1ft. 4

9 .7

<i.ft

7 .2

7 .9

< a
a.<

1 2 .?

1 ? . l \

1 1 ft. 1

9. 7

io ., n

i n,, ?

1ft. ft

in .

«a. 4

ft.ft

ft.7

1 ft.4

12.1

1? . O

1 ?.O ^ N .,

1 1 7 . ?P

1ft. 1

io . , i

10 . 5

1ft. Q

1ft. 4

in .

ft.ft

9 . ft

11.1

l? .ft

1? . 7

11.1

10-71

1 1-71

7
12* ’ 1

1-72

2-72

1-72

5-72

6-72

7-72

8 -7 2

9 - 7 2 1 0-7?

7-71

8-71

9-71

1 1 0 .0

INITIAL
P-

f
t

107. 1
- v > s .
1 .7

1n - 7 ?

f
t

1Oft.

-1 ?. 7

f
t

111?
1 1? .

1 4 .1
1 2. 2
9. ft

ft. ?

f
t

f
t

1. ?

4-72

?. 1 \

1 1 1 .4
1 1 ^ .9
1 1 5 .0

14. 2 \

1 1 ft *P

MONTH

PR ELIM IN ARY




f
t

1 1 1 .?

11. \

PREPARED

nerenftfo

§V P E O f R A L

n.

19 7 ?

RESERVE

BANK

Oc

ST.

LO U IS

5

INDUSTRIAL
RATIO

PRODUCTION

S CAL E

19 6 7 - 1 0 0

RATIO
SEASONALLY

1967-100

ADJUSTED

PERCENTAGES ARE ANNUAL RATES OF CHANCE FOR PERIODS

S CAL E

INDICATED.

LATEST DATA PLOTTED« NOVEMBER PRELIMINARY




P R E PA R E D BY F E D E R A L

R E S E R VE BANK OF S T .

LOUIS

6
Kfcl A IL S IT E S '
COMPOUNOEO ANNUAL RATfeS OF CHANGE
TERM INAL

IN ITIAL

M ittI O N S OF
DÜLLÄk*

MONTH

"WJW1 H

4—71
5-71
6-71

5-71

4 .5

6—71

7-71

8-71

9-71

10-71

11-71

12-71

2-72

1-72

3-72

4-72

6-72

5-72

7-72

8-72

9-72 10-72

- 2 .7

3 3 *502
1 2 .3

33*027

7-71

1 .3

3 .4

- 4 .8

8-71

9 .9

1 4 .5

1 5 .6

4 0 .4

9—71

12.1

1 6 .2

1 7.5

3 0 .6

^
2 1 .4

10-71

8 .4

1 0 .8

1 0 .4

1 6 .0

5 .5

11-71

1 0.4

1 2 .8

1 2 .8

1 7.8

1 1 .0

6 .2

2 3 .1

12-71

5 .9

7 .2

6 .4

8 .8

2 .1

- 3 .6

- i .2

- 2 0 .6

1-72

5 .2

6 .3

5 .4

7 .2

1 .6

- 2 .8

- 0 .9

- 11.1

2-72

6 .3

7 .4

6 .8

8 .6

4 .0

0 .9

3 .3

- 2 .6

8 .0

1 7 .0

3-72

9 .4

1 0 .7

1 0 .5

1 2.5

9 .0

7 .1

1 0 .5

7 .6

1 9 .0

3 0 .1

4-72

8 .1

9 .1

8 .8

1 0.5

7 .2

5 .3

7 .$

4 .9

1 2.5

1 7 .2

1 7 .3

- 5 .0

5-72

9 .8

1 0 .9

1 0 .7

1 2 .4

9 .7

8 .3

1 0 .9

9 .0

16.1

2 0 .7

2 1 .9

1 1 .9

3 1 .8

6-72

8 .2

9 .1

?.9

1 0.2

7 .5

6 .1

8 .1

6 .1

1 1 .3

1 3 .8

1 3.1

4 .1

9 .0

- 9 .0

7-72

8 .9

9 .7

9 .6

1 0.8

3 .5

7 .3

9 .2

7 .5

1 2 .3

1 4 .6

1 4.1

7 .5

1 2 .0

3 .3

1 0 .3

8-72

9 .7

1 0 .5

1 0 .4

1 1.7

9 .6

1 0 .4

9 .1

1 3 .5

1 5 .6

1 5 .4

1 0.3

1 4 .5

9 .2

2 0 .2

3 3 .4 0 8
* 4*655

»

35*219

\

- 8 .4

8 .5

3 4 ,9 6 4
35*574
3 4 ,8 9 6
- 0 .3

54*006
35*345
36*450
X

16*296

.

3 7 . 14Ì
16*022
37*142
37*969

2 2 .1

9-72

8 .6

9 .4

9 .2

1 0 .2

8 .2

7 .2

8 .7

7 .4

1 1 .0

1 2 .5

1 1 .9

7 .2

9 .9

5 .0

1 0 .4

6 .7

- 6 .8

3 7 ,7 4 6

10-72

1 0 .7

1 1 .5

1 1.5

1 2 .6

1 0 .9

10.1

1 1 .8

1 0 .8

1 4 .6

1 6 .4

1 6 .3

1 2 .7

1 6 .0

1 3 .1

1 9 .6

2 0 .1

1 9.1

3 9 , O0 9 P

11-72

9 .9

1 0 .7

1 0 .6

1 1 .6

IT .? !

9 .2

1 0 .6

9 .7

1 2 .9

1 4 .4

14.1

1 0 .7

1 3 .2

1 0 .3

1 4 .9

1 4 .0

1 1 .5

2 1 .9

4-/1

5-/1

6-/1

/-/l

8-/1

9-/1

IU— #I

11-/1

12-/I

1 -/2

¿-n

3-/2

4 -/2

5-72

6-72

7-71

0-72

9-72 10-72

- 2 .3

1

3 9 *0 13 E

INI I 1AL I OjnJ h
T

P- P R E L IM IN A R Y
E- E ST I MAT EO
OECEM0ER
PERSONAL

TERMINAL
MONTH

IN I T I A L
4-71

5-71

6-71

7-71

8-71

9-71

10-71

11-71

12-71

1-72

12*

1972

INCOME
B IL L IO N S OF
O O U A *$
ANNUAL RATES

MONTH
2-72

3-72

4-72

5-72

6-72

7-72

8-72

9-72

10-72

5-71

8 .8

853*4

6-71

1 9 ,9

3 2 .0

8 7 3 ,4

7-n

7 ,3

6 .5

- 1 4 .1

8-71

7 .9

7 .6

- 2 .9

9 .7

9-71

7 .2

6 .8

- 0 ,5

7 .0

4 .4

862*4
869 .1
8 7 2 ,2
8 7 4 ,9

10-71

6 .6

6 .1

0 .5

5 .9

4 .0

3 .6

11-71

6 .6

6 .2

1 .7

6 .0

4 .8

5 .1

6 .5

12-71

7 .7

7 .5

3 ,9

6 .0

7 .5

8 .6

1 1 .2

16. 1

9 .5

1 1 .5

1 4 .1

12.1

8 7 9 ,4
8 9 0 .4
8 9 0 ,9

1-72

8 .2

8 .1

5. 1

6 .6

8 .4

2-72

8 .7

8 .7

6 .1

9 .3

9 .3

1 0.3

1 2 .0

1 3 .9

1 2 .8

1 3 .6

3-72

8 .6

8 .5

6 .2

9 .0

8 .9

9 .7

1 1.0

1 2.1

1 0 .8

1 0 .2

6 .9

4-72

8 .5

8 .5

6 .4

8 .9

8 .8

9 .5

1 0 .5

1 1 .3

10.1

9 .4

7 .4

5-72

8 .3

8 .3

6 .3

8 .6

8*5

9 .0

9 .6

1 0 .4

9 .3

8 .6

7 .0

7 .0

6 .2

6-72

7 .6

7. 5

5 .7

7 .7

7 .5

7 .8

8 .4

8 .6

7 .4

6 .5

4 .0

4 .1

2 .3

- 1*4

9 .3

fl.3

7 .7

6 .6

6 .5

6 .0

5 .9

1 3 .8

7-72

7 .9

8 .0

6 .3

8 .2

8 .0

8 .4

9.0_

9 0 8 .5
9 1 3 .6
9 1 9 .4

7 .9

9 2 4 ,0
9 2 2 .9
9 3 2 .9

8-7?

8. 1

8 .0

6 .5

8 .3

8 .2

8 .5

9 .0

9 .3

8 .5

8 .0

7 .1

7 .1

6 .9

7 .1

11*6

9 .5

9-72

8 .1

8. 1

6 .7

8 .3

8 .2

6 .6

9 .0

9 .3

8 .5

8 .1

7 .3

7 .4

7 .3

7 .6

1 0 .8

9 .3

9 .0

9 4 0 ,0

9 .9

1 0 .7

1 3 .9

13*9

1 6 .2

2 3 .8

9 4 6 .0

10-72

9 .0

9 .0

7 .7

9 .3

9 .3

9 .7

1 0 .2

1 0 .5

1 0 .0

9 .7

9 .3

9 .6

11-72

9 .1

9^1

7 ±3

9 .4

9 .4

9 .8

1 0 .3

1 0 .6

10.1

9 .9

9 .5

9 .8

1 0 .1

1 0 .8

1 3 .4

1 3 .3

1 4 .6

1 7 .4

1 1 .4

4-71

5-71

6-71

7-71

8-71

9-71

10-71

U-71

12-71

1-72

2-72

3-72

4-72

5-72

6-72

7-72

8-72

9-72

10-72

IN I T I A L

9 63 *8P
9 7 2 .5 ^

MONTH

P- P R E L IM IN A R Y




PREPARED
O ECEM BER

8V F E D E R A L
2 0 . 1972

RESERVE

BANK

OF

ST.

L O U IS




7
RETAIL
RAT I 0

SALES

SCALE

B I L L ! ONS

OF

RAT I 0
DOLLARS

SEASONALLY

ADJUSTED

B I L L I ONS

OF

PREPARED BY FEDERAL RESERVE BANK OF ST.

PERSONAL

1964

1965

1966

1967

LOUIS

INCOME

1968

1969
SOURCE:

PERCENTAGES ARE ANNUAL RATES OF CHANCE FOR PERIOOS
LATEST DATA PLOTTED;

SCALE

OOLLARS

1970
U.S.

1971

1972

DEPARTMENT OF COMMERCE

INDICATED.

NOVEMBER PRELIMINARY
PREPARED BY FEDERAL RESERVE BANK OF ST.

LOUIS

8
GRO SS N AT IO NA L PRODUCT IN CU RR ENT D O LLA RS
COMPOUNDED ANNUAL R A T E S OF CHANGE
TE R M IN A L
QUARTER

IN IT IA L
4-67

1 -68
2-68

10.4

1-68

2-68

3-68

4-6Ô

1-69

2-69

3- S9

9.2

4—69

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

QUARTER

1-7Ò

2- 70

4-JÒ

"T ^ rr

¿- n

3-71

4-71

*- n

t-7 *

834. 0
857 .4

11.7

3-68

4.8

10. 1

8.6

4-68

9. 1

9. 1

7.8

7.0

1-69

8.8

8.8

7.8

7.4
> .4

87 5 . 2
89 0 . 2

1.8

90 7 . 0

2-69

8.6

Ô. 5

7. ?

?. 6

1.5

3-69

9.5

8. 4

t.8

7.6

7.8

7.8

8. 1

4-6 9

7. 8

7. 7

7.0

6.7

6.6

6.2

5.6

3. 1

1-70

7.4

7.2

6.5

6.2

6.0

5.6

5.0

3. 5

3.9

2-70

7.2

7.0

6.5

6.2

6.0

5.7

5.2

4. 3

4.9

3-70

7.1

6.9

6.4

6.2

6.0

5.7

5.4

4. 7

5.3

6. 0

6.1

4-70

6.6

6.4

5.9

5.6

5.4

5.1

4.7

4. 1

4.3

4.4

3.7

$2 3 . 5
94 1 . 7
948. 9

+4 .1 %

958 .0
X

971. 7

5.8
V\

s
986. 3
989. 7

1-7.1

7.2

7. 1

6.6

6.5

6.4

6.2

6.0

5. 7

6.2

6. 8

7.2

"
I
7.7

2-71

7.3

7. 1

6.7

6.6

6.5

6.4

6.3

6. 0

6.5

7. 0

7.3

7.7

11.1

7.9

3-71

7. 1

7.0

6.6

6.5

6. 4

6. 3

6.2

5. 9

6.4

6. 8

7.0

7.2

9.2

6.7

5.4

4-71

7.2

7. 1

6.8

6.6

6. 6

6.5

6.4

6. 2

6.6

7. 0

7.2

7.4

8.9

7.2

6. 8

1-72

7.5

7.4

7. 1

7.0

7.0

6.9

6.9

6. 8

7.2

7. 6

7.9

8.1

9.5

8.4

8.5

1 0. 1

12.0 ’

2-72

7.7

7.3

7.3

7.3

t . 2

r.6

8. 0

8.3

8.6

9.3

9.0

9.2

ÌÓ .S

ii.J

tt.4

3-72

7.8

7.7

7.5

7.4

7.4

7.4

7.4

7. 3

7.7

8. 1

8.4

8.6

9. 7

9.0

9 .2

1 0. 1

10.8

10. 1

4 - 67

1-68

2-68

3-68

4- 68

1-69

2-69

3- 69

4- 69

1-70

2-7 0

3-70

4- 70

1-71

2-71

3-71

4-71

1-72

7.4

'7 .3 ' ■

IN IT IA L

1 ,0 2 3 .4

11 4 . 3

N A TI O NA L PRODUCT I N CONSTANT 1958
COMPOUNDED ANNUAL R A T E S OF CHANGE

TER M IN A L
QUARTE R

IN IT IA L
4- 67

1-68

6.4

2-68

3-68

4-6 8

1-69

2- 69

3- 69

4 - 69

1-70

1 ,0 7 8 .1
1, 1 0 9 . 1
'

1» 1 3 9 . 4
8 .9^

1 ,1 6 4 .0

2- 72

BY F E D E R A L
I T , 1972

RESERVE

BANK

OF

ST,

LO UIS

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

QUAR TER
2-7 0

3-70

4-70

1-71

2-71

3-71

4-71

1-72

2-72

5.4

2-68

1-68

1 ,0 5 6 .9
8.3 V .

QUARTER

PREPAREO
NOVEMBER

GROSS

1 ,0 4 3 .0

+ 9 .7 %

69 2 . 6
7.5

705. 3

3-68

5.6

5.8

4.0

4-6 8

4.8

4.6

3.2

2.4

1-69

4. 5

4. 3

3.2

2.9

3.3

2-69

4. 1

3.6

2.9

2.5

2.6

1.9

3-69

3.8

3.5

2.7

2. 4

2.4

1.9

1.9

712 .3
71 6 . 5
722 .4
72 5 . 8
729 .2

4 - 69

3.0

2.7

1.9

1.4

1.2

0.5

-0 . 2

-2 . 2

1-70

2.4

2.0

1.2

0 .8

0.4

-0.3

- I .0

-2 . 4

-2.6

2-70

2. 3

1. 9

1. 3

0.9

0.6

0.1

-0 . 4

-t . 1

-0.5

3-70

2. 3

1. 9

1. 3

1.0

0.8

0.4

0

-0 . 3

0.3

1. 8

2.0

4-70

1.7

1. 3

0.7

0.4

0.1

-0.3

-0 . 7

-1 . 2

-1 .0

-0. 4

-1.4

1-71

2. 1

1. 9

1.4

1. 1

0.9

0.7

0 .5

0. 2

0.7

1. 6

1.6

1.4

8.0

2-71

2.2

2.0

1.5

1.3

1.2

0.9

0. 8

0. 7

1.2

1. 9

2.0

2.0

5.6

3.3

3-71

2.2

2.0

1. 6

1.4

1.3

1 .1

1. 0

0. 9

1.4

2. 0

2.1

2.2

4.6

2.9

2.5

4-71

2.5

2.3

1.9

1 .8

1.7

1.6

1 .6

I . 5

2.0

2. 7

2.9

3.0

5. 1

4. 1

4.5

1-72

2.7

2.6

2.2

2. 1

2.1

2.0

2 .0

2 .0

2.5

3. 2

3.4

3.6

5.4

4.7

5.2

6.6

6.5

2-72

3. 1

3 .0

2.7

2.6

2.6

2.5

2 .6

2. 7

3.2

3. 8

4. 1

4.4

6.0

5.6

6.2

7.5

7.9

3-72

3. 3

3. 1

2.9

2.8

2.8

2.8

2. 9

3 .0

3.5

4. I

4.4

4.7

6. 1

5. 8

6. 3

7.2

7.4

7.9

6.4

2-68

3-68

4-68

1-69

2-'69

3- 69

4- 69

1-70

2- 70

3-7 0

3-71

4-71

1-72

2-72

.1

72 5 . 1

— 1. 2 %

720 .4
1.

7 23 .2

\

726 . 8
-4.8

N

718. 0
7 3 1 .9
7 37 .9

+ 6 .1 %

4-67

1-68




IN IT IA L

4- 7 0

1-71

2-71

742. 5

X

6.6

75 4 . 5
76 6 . 5

X

9.4

7 8 3 .9
^

796.1

QUARTER

PREPAREO
NOVEMBER

BY FEDERAL
1?, \ 9 JZ

RESERVE

BANK OF

ST,

LOU IS

9

DEMAND
RATIO

SCALE

TRILLIONS
1

AND

PRODUCTION
RATIO

QUARTERLY T OTALS AT ANNUAL RATES

OF D O L L A R S

S E AS ONAL L Y A D J U S T E D

TRILLIONS

.

SCALE

OF D O L L A R S
1 .2

0 ,

0.9

0 .

0.8

0 .

0.7

0 .

0.6

0 .

0.5

1964

1965

1966

1967

1968

HCHP IN CURRENT DOLLARS.

1969

1970

SOURCEt U . S .

1971

1972

DEPARTMENT OF COMMERCE

fcfiNP IN 1958 OOLLARS.
PERCENTAGES ARE ANNUAL RATES OF CHANGE FOR PERIO DS

I NO ICATEO.

LATEST DATA PLOTTED« 3R0 QUARTER




PREPARED BY FEDERAL RESERVE BANK OF S T. LOUIS

10
COMPENSATION- FEfT WAN^ROUR, TOTAL P R IV A T t
_____
COMPOUNDED ANNUAL RATES OF CHANGE

ECONOMY

T E R M I N A L _________________________________________________________________________I N I T I A L Q U A R T E R _______________
OUAKTtJ?
4-67
1-68
2-68
3-68
4-68
1-69
2-69
3-69
4-69
3-70
2-70
l- 70
4-70
1-68

9 .4

2-71

3-71

4-71

_____

1-72

1967

«

100

2-72

9 .3

2-68

_______
1-71

7 .5

1 0 4 .4
1 0 6 .3

3-68

8 .6

8 .2

4 -68

8 .6

8 .4

8 .7

8 .9

1 0 8 .6
1 1 0 .9

1-69

8 .1

7 .8

7 .3

5 .9

2-69

8 .1

7 .8

7 .6

7 .0

8 .1

3-69

7 .9

7 .7

7 .5

7 .0

7 .6

4-69

8 .2

8 .0

8 .0

7 .8

8 .4

9 .9

1-70

8 .0

7 .9

7 .9

7 .8

7 .6

0 .0

0 .4

6 .9

2-70

7 .8

7 .7

7 .7

7 .5

7 .3

7 .6

7 .5

7 .6

6 .5

1 1 2 .5
1 1 4 .7
1 1 6 .7

7 .2
1 19 .5
1 21 .5

1 2 3 .3

3-70

8 .0

7 .8

7 .9

7 .8

7.6

7 .9

7 .9

8. 1

7 .4

9 .4

4-70

7 .7

7 .6

7 .6

7 .5

7 .3

7 .5

7 .4

7 .5

6 .9

7 .3

5 .2

1-71

7 .9

7 .7

7 .8

7 .7

7 .5

7. 7

7 .7

7 .8

7 .4

8 .0

7 .3

2-71

7 .7

7 .6

7 .6

7 .5

7 .4

7 .5

7 .5

7 .5

7. 1

7 .5

6 .8

7 .7

5 .9

3-71

7 .6

7 .5

7 .5

7 .4

7 .2

7 .4

7 .3

7 .3

6 .9

7 .1

6 .6

7 .1

5 .9

5 .9

4-71

7 .4

7 .3

7 .3

7 .2

7 .0

7 .1

7 .1

7 .0

6 .7

6 .8

6 .2

6 .5

5 .6

5 .4

4 .0

1 -7?

7.5

7 .4

7 .4

7 .3

7 .1

7 .3

7 .2

7 .2

6 .9

7 .0

6 .6

6 .9

6 .3

6 .4

6 .7

1 26 .1
1 2 7 .7
130*6

9 .4

1 3 2 .5
1 3 4 .4
1 3 6 .0
1 3 8 .8

8 .5

2-72

7 .4

7 .3

7 .3

7 .1

7.1

7 .0

6 .8

6 .8

6 .5

6 .7

6 .1

6 .2

6 .3

7 .0

5 .6

3-72

7 .2

7 .1

7 .1

7 .0

6 .9

6 .8

6 .5

6 .5

6 .2

6 .3

5 .8

5 .8

5 .0

6 .1

5 .0

4. 3

4-67

1-68

2-68

3-68

3-69

4-69

2-70

3-70

4-70

1-71

2-71

3-71

4-71

1-72

2-72

4-68

1-69

Z-69

IN IT I

1 4 0 .7
1 42 .2

QUARTER

------------------------------------- ---------PREPARED BY F E 0 E R IT RESkRVE lAN K OP 5T. Q JU I5
NOVEMBER 2 7,

1972

LHJIPUT. PER“ MAN-HUU«, TOTAL P R IV A T E ECONOMY
COMPOUNDED ANNUAL RATES OF CHANGE

1-68

3 .5

3 .0

3 .0

2 .5

2 .0

2 .3

1 .8

1 .2

0 .6

- 0 .4

2-69

1 .8

1 .3

0 .7

0 .1

- 0 .6

1 .5

1 .0

0 .5

0 .0

- 0 .5

- 0 .6

- 0 .6

- 0 .6

- 0 .6

- 1 .0
0 .8

1 .6

4 .3

O

1-72

2-72

- 1 .2

0 .5

4-71

- 0 .8

- 0 .8

3-71

- 0 .8

3-69

2-71

1 .6

1-69

1-71

2 .4

4-68

4-70

3 .6

3-68

1

4 .0

_____________________________ ______________________1967 ■ 100
3-70

4 .4

2-68

N
>
1

I

QUARTER
0

TERM INAL_________________________________________________________________________ IN IT IA L
QUARTER
4-67
1-68
2-68
1-69
3-69
4-69
3—68
4—68
2-69

1 0 1 .8
1 0 2 .7
1 0 3 .3
1 0 3 .7
1 0 3 .6

A 7CCL

1 0 3 .4
- 0 .4

1 0 3 .3

4-69

1 .2

0 .7

0 .3

- 0 .2

1-70

0 .9

0 .5

0 .1

- 0 .3

2-70

1 .3

0 .9

0 .6

| - o « t | - 0 .8
i- - .- .I
0 .3
0 .1
0 .2

3-70

1 .7

1 .5

1 .2

l.l

1 .0

1 .3

1 .7

2 .2

3 .2

5 .5

6 .7

4 -70

1 .4

1 .2

0 .9

0 .8

0 .7

0 .8

1.1

1 .4

1 .9

3 .0

2 .3

1-71

1 .9

1 .7

1 .5

1 .4

1 .4

1 .6

2 .0

2 .4

3 .0

4 .1

4 .0

2. 7

7 .4 k\

2-71

1.9

1 .7

1 .6

1 .5

1 .5

1 .7

2 .0

2 .4

2 .9

3 .7

3 .6

2 .5

4 .0

-

3-71

2 .0

1 .8

1 .7

1 .7

1 .7

1 .9

2 .2

2 .5

3 .0

3 .7

3 .5

2 .7

4 .3

2 .0

3 .4

4-71

2 .1

1 .9

1.8

1 .8

1 .8

2 .0

2 .3

2 .6

3 .0

3 .6

3 .5

2 .9

4 .1

3 .0

3 .4

3 .4

1-72

2 .2

2 .1

2 .0

1 .9

2 .0

2 .2

2 .4

2 .7

3 .1

3 .7

3 .6

3. 1

4. 1

3 .3

3 .6

3 .7

4 .1

2-72

2 .4

2 .3

2 .2

2 .2

2 .3

2 .5

2 .8

3 .1

3 .4

4 .0

3 .9

3 .5

4 .5

3 .9

4 .3

4 .6

5 .2

6 .3

3-72

2 .5

2 .4

2 .3

2 .3

2 .4

2 .6

2 .9

3 .1

3 .5

(T 7 1

3 .9

3 .6

4 .4

3 .9

4 .2

4 .4

4 .0

5 .1

4 .0

4—67

1-68

2-68

3-60

4-68

1-69

2-69

3-69

4-69

1-70

2-70

3-70

4-70

1-71

2-71

3-71

4-71

1-72

2-72




103 .1
1 0 2 .0
1

x
\

1 0 3 .9
1 0 5 .6
- 1 .9

1 05 .1
s + 4 .0 %

1 0 7 .0

V

1 0 7 .6
1 0 0 .5
1 0 9 .4
VSsX

1 1 0 .5
1 12 .2
1

1 1 3 .3

IN IT IA L OUARTTR

T R E FtR E D BY FFDER1T RESERVE- BA'NK“ OF T T . TT3UI5"
NOVEMBER 2 7 ,

1972

11
PR O D U C T IV IT Y ,
R A T IO

COMPENSATION,

AND LABOR COSTS

SCALE

R A T IO

I9 6 7 - IO O

SCALE

SEASONALLY A DJUSTED

1967-100

FfJtCfMTAtft A lt AMMAL M T U W CHAMi fOU ft f t t M l IH ilC A T li.
LATIiT IATA P lfT T U t M l H A IT U
f l l f A l U «Y F IH ilA l H I W V I 1AM *

91, I N I t

U N IT CTPU1T CO S T S , t o t a l p r i v a t e e c o n o m y
COMPOUNDED a n n u a l RATES OF CHANGE
IN IT IA L

T E«M IN AL
guan rt< r
4-67

1-68

2-68

3-68

4-68

1-60

4 .2
4 .9

5. 1

5 .4

5 .8

6 .7

5 .6

6 .0

6 .6

6 .8

QUARTER

1-70

2-70

1967 - 100
3-70

6 .5

4-70

1-71

2-71

3-71

4-71

1-72

2-72

7 .0

1— 9
6

4-69

6 .3

4-68

3-69

4 .0

3-68

2-69

4 .4

2-68

1-69

102*5
1 03 .3
105 .1
1 0 4 .9
1 0 8 .6

2-69

6 .2

6 .5

7.1

7 .4

7 .6

8 .7

3-69

6 .3

6 .7

7 .2

7 .4

7 .6

8 .1

7 .4

4-69

6 .9

7 .2

7 .8

8. 1

8 .3

8 .9

9 .0

10 .7

1-70

7 .1

7 .4

7 .9

8. 1

8 .4

8 .8

8 .9

9 .6

1 1 0 .9
1 1 2 .9
1 1 5 .•
8 .6

t|t* 2

2-70

6 .5

6 .7

7 .1

7 .2

7 .2

7 .4

7 .0

6 .9

5 .1

1 .7

3-70

6 .1

6 .3

6 .6

6 .6

6 .5

6 .5

6 .1

5 .8

4 .2

2 .0

2 .4
4 .8

7 .2

3 .7

4 .4

H i.7
119*4

4-70

6 .2

6 .4

6 .6

6 .7

6 .6

6 .6

6 .3

6 .0

4 .9

3 .7

1-71

5 .9

6 .0

6 .2

6 .1

6 .0

6 .0

5 .6

5 .3

4 .3

3 .2

2-71

5 .7

5 .8

6 .0

5 .9

5 .8

5 .8

5 .4

5 .1

4 .2

3 .4

3 .8

4 .3

2 .8

3-71

5 .5

5 .6

5 .7

5 .6

5 .5

5 .4

5 .0

4 .8

3 .9

3 .2

3 .5

3 .8

2 .6

J.l

2 ^ ^

4-71

5 .2

5 .3

5 .3

5 .3

5. 1

5 .0

4 .6

4 .3

3 .6

2 .9

3 .1

3 .2

2 .2

2 .4

1 .6

1 .0

1-72

5 .2

5 .2

5 .3

5 .2

5 .1

5 .0

4 .7

4 .4

3 .7

3 .1

3 .3

3 .5

2 .8

3 .0

2 .7

2 .9

4 .9

^ ^

2-72

4 .9

4 .0

4 .9

4. 8

4 .7

4 .6

4 .2

3 .9

3 .3

2 .7

2 .8

2 .9

2 .2

2 .3

1 .9

1 .7

2 .1

- 0 .6 \ ^

1 2 5 .5

3
—72

4 .6

4 .6

4 .6

4 .5

4 .4

4 .2

3 .9

3 .6

3 .0

2 .5

1 .9

1 .9

1 .5

1 .3

1 .4

- 0 .3

1 2 5 .5

r 16"3'

7-63

4-68

1-69

2-69

3-69

4-69

3-70

4-70

1-71

2-71

3-71

4-71

1-72

4-67
' '

'




1-70

IN I T I A L

2-70

1 2 1 .5
1 .7

U 2 .0
12K2
1 2 3 .«
1 24 .2
125*7

0 .0 |

2-72

QUARTER

"PUTPTRE'D'BYTFDE'RAl RFSPftVE BAM Of ST. LOUIS
NOVEMBER 2 7,

1972

12
C O N S U M ER P R IC E T N B f X » S E A S O N A L L Y A O Ü U 5 T È D
C O NP O U U O EO A N N U A L R A T E S Of C H A N fc t
I ^

»

«ONTH

N-AL_______________________________________________________________________________ I N I T I A L

4-71

5-71

5-71

5.5
4 .8

4 .0

8-71

9-71 10-71 11-71 12-71

M ONTH_________________________ _________________________________________ _____________ I » 4 7

1-72

2-72

3-72

4-72

5-72

6-72

7-72

0-72

■ IQ Q

9-72 10-72

4 .8

7-71

7-71

6.3

6-71

6-71

120*02

B-71

121*29
3 .3

121*42

4*1

3 .7

4.1

9-71

4 .0

3.5

3 .0

2*9

f \ ,
I
^
1.7

122*20

10-71

3 .7

3.1

2 .7

2*6

1*0

122.39

U -71

3.5

3 .0

2 .7

2 .5

1.9

12-71

3.5

3.1

2.0

2 .7

2*4

3 .0

1-72

3.5

3.2

2.9

2 .9

2*6

3.2

3 .7

s .."X

2-72

3.9

3 .6

3.4

3.5

3 .4

4 .1

4 .0

5.3

7 .0

3-72

3.5

3 .3

3.1

3.1

2 .9

3 .4

3.7

3 .4

3 .7

0 .4

4-72

3.4

3.2

3 .0

3 .0

2 .B

3 .Î

3.3

3.2

3.1

1.2

2 .0

5-72

3.5

3.2

3.1

3. 1

2 .9

3.3

3 .5

3 .4

3.3

2.1

3 .0

6-72

3.3

3.0

2.9

2.8

2 .7

3 .0

3.1

2 .9

2*0

1.0

2.2

2 .3

0 .7

7-72

3.4

3.2

3.1

3 .0

2 .9

3.2

3*3

3*2

3.2

2.4

3*0

3 .3

2*9

5

8-72

3.4

3.2

3.1

3 .0

2 .9

3*2

3.3

3.2

3.2

2 .5

3 .0

3.2

2*9

4*1

9*0

122*0»

122*42
123.00
123*34

,

\

124*04
124.10
124*31
4 .0

124.72
124*79
. X

125*31
125*42

9-72

3.5

3 .3

3.2

3.2

3.2

3 .4

3.5

3 .5

3.5

3 .0

3 .4

3.7

3*4

4*4

4*3

5 .7

124*20

10-72

3.5

3.3

3.3

3.3

3.2

3 .4

3.5

3.5

3.5

3.1

3.5

3.7

3 .4

4*4

4*1

4 .7

124*59

11-72

3.5

3 .3

3.3

3 .3

3 .5

3.5

3.5

3.1

3.4

3 .4

3.6

4 .2

3 .9

4 .2

4-71

5-71

6- 71

7-71

9-71 10-71 11-71 12-71

1-72

2-72

3-72

4-72

5-72

¿-72

7-71

3 .3
8-71

3.4

TffH I U

3 .5

3 *1 ^

124*93

HOWTM

P M H A É Ô 6Ÿ P fÔ Èk A L A Ê S ÉR V É' J Â S ü r G T T T r T G ü T r
D E C E M B ER 2 2 , 1 9 7 2

WHOLE SALE PRIC ES - INDUSTRIAL COMMODITIES, SEASONALLY ADJUSTED
____ ______________ COHPOUNOED ANNUAL RATES OF CHANGE_____________________
IN IT*H

TERMINAL
MONTH

4-71
_5zJLL_

5-71

6-71

7-71

8-71

9-71

10-71

11-71

12-71

hqnth,

1-72

¿- 7 2

3-72

4-72

»-72

6-72

7-72

*~U

lft“ 7 2 -

W 2

111.33-

5-7

J L ilx îL -

4*1

J U i.

± IL
_8zU _

6 ,0

6 ,0

9-71

4 .6

7,0

4 ,3

6+8
?tQ

U 5 . 2L

- Qi i .

1 1 3 . « _____

3*4

3*0___ LLL.

1 .3

11-71

3 .1

2 .7

. . . lit

1 .3

- g .5

It #

12-71

3 .1

2 .7

2 .5

1 .6

0 .3

0 .6

2 .1

2 .9

1 1 5 .3 7

1-72

3 .2

2 .9

2 .8

2 .0

1 .1

1 .5

2 .8

3 .6

i l l * M _______

2-72

3 .4

3 ,1

3 .0

2 .4

1*7

2 ,2

3 ,3

4 ,0

4 .6

3-72

3 .4

3 .2

3 .1

2 .5

1 .9

2 .4

3 .3

3 .8

4*2

4 ,1

3 .3

3 .3

2 .8

2 .4

2 .8

3 .6

4 .1

4 .4

4 .5

5 .3

l

U A — ^ ¿ xj L .

_i »

. ^

llftttt -

t i * ------ ,

_

\j+ 2 ]8 %

1 1 * .5 7

111x02____

4-72

3 .5

___ 5-72
i __L i--

3 .6

3 .4

3 .4

3 .0

2 .6

3 .0

3 .7

4 ,1

4 ,4

4 .4

4 .8

6-72

3 .7

3 ,6

3 .5

3 ,2

2 .8

3 .2

3 ,9

4 ,3

4 ,5

S*

*»9. -At 7

5 tl .

1 1 7 .ÎT

3 .5

3. 1

2 .8

3 .2

3 .0

4 .1

4 ,3

4 .3

4 .4

3 ,9

llft* 2 ± .

7-72

3 ,6

3 .5

8-72

3 .7

3 .6

3 .5

3 .2

3 .0

3 .1

3 ,9

4 ,1

*i3L.

9-72

3 .6

3 .5

3 .5

3 .2

2 .9

3 ,2

3 ,7

4 .0

S I

10-72

3 .4

3 .2

3 .2

2 .9

2 .6

2 .9

3 .3

3 .5

11—7 ?

-kS

3- 3

3. 1

r 2 .e l

3 .1

3 .5

9-71

10-71

4-71

5-71




6-71

7-71

8-71

.

S I.

.

4 ,3

4 ,1

1 1 7 .4 1 _____

llfi.tfi

Jlfi

S I

<t±l.

iti

3 .2

iti

¿ iV .N v

3 .6

3 .5

3 .3

2t7

2 .1

US

0 .6

3 .7

3 .7

3 .7

3 .6

3 .3

3 .2

2 .8

2 .8

2 .2

11-71

12-71

1-72

3-72

4-72

5-72

6-72

7-72

8-72

1 1 1 .9 1

-JUJ— 2 ^ - 2 .1

5 .5

1 1 0 .0 0

1

lit.ài

ST*

LO U IS

9-72 10-72

IN IT IA L MONTH

PREPARED
O ECEN BER

BY
7,

FEO ERAL
1972

RESER VE

SANK

Of

..

13
P^TIO

S CAL E

ÌV67-100

PRICES

R A T I O SCALE

SEASONALLY AD J U ST ED

rERCENTACES A RE ANNUAL RATES OF CHAM6E FOR PERIODS

1967-100

INDICATED.

LATEST DATA PLOTTEO« NOVEMBER



PREPARED BY FEDERAL RESERVE BANK OF ST . LOUIS

14
wholesale
P R I C E S - ALL
_____________________ C QM P n yMOC J

CDMMCOITIES.
a n n u a l KATES

T CRM I NAL ________________________________________________________________________________________I N I T I A L

SEASONALLY ADJUSTED
OF C H A N G f __________________

*CNTH

1

MONT H
<.-7 1

5-71

0- 7 1

5-71

4.3
3.6

3. 6

5.0

S.4

5.7

9 -7 1

3.?

1 1-71

12-71

1-7 2

3-7?

2- 72

4- 72

5 -7 2

6 -7 2

H- 72

7-72

9 -7 2

1 1 3 .5 5
1 1 4 .0 0
1 1 4 .2 2
9.2

115 .0 6

3. 1

2.5

2.6

-3.6

2.0

10-71

~ +Y'-'i

10 -7 2

2.3

8-7 1

10-71

4.9

7-7 1

9-71

3. 7

6-7 1

8-7 1

7-7 1

2.3

¿,3

-0.9

1 .3

2. 1

- o,?

1.6

1 .4

11 4 .7 1
I 14.08

U-71

2.7

2 .6

12-71

3 .3

3. 3

3.0

3. 1

1. 7

3.5

4.3

7 .3

1-72

3,7

3. 7

3.5

3,7

?,6

4.3

5,1

7,0

6 ,7

2 -7 2

4. 0

4.0

i .9

4. 1

3.3

4.8

5,5

6.9

6, 7

6.7

12

3 .7

3. f

3 ,6

3, R

3 ,0

4,2

4,7

5,5

4.9

4.0

1.3

4-7?

3,7

3 .7

3. 6

3,7

3.1

4,1

4,5

5,1

4.5

3 .8

2 .4

3.4

1 1 5 .0 1
11 5 .6 9
I 16.3 2
11 6 .9 5
1 1 7 .0 8
11 7 .4 1

5-7?

3.9

3.9

3. 8

3,9

3,4

4,3

4,6

5,2

4,7

4.2

3 .4

4.5

5.6

6-7?

4 .0

4.0

3. 9

4.1

3.6

4,4

4,0

5,2

4,9

4,5

4.0

4.9

5 .6

5.7

7-7?

4 .3

4,3

4. 3

4,5

4.0

4,8

5.2

5.7

5.4

5.2

4.9

5.8

6.0

7 .2

S.6

1 1 7 .9 4
1 1 8 .4 9
1 1 9 .3 1

8-72

' tt 5

4 »6

4.5

4,7

4,4

5, 1

5,4

5.9

5.7

5.6

5.4

6. ?

7 .0

7 .4

8.3

7.9

9-7?

4.5

4. 5

4*5

4t C

4,3

5,0

5.3

5,7

5.5

5.3

5. 1

5.8

6.3

6.4

6.7

5. 7

3.6

10-7?

4.3

4,3

4,3

4,4

4* 0

4. 7

4.9

5.2

5.0

4, b

4.6

5.1

5.4

5.3

5.2

4. 1

2.2

0.9

11-7 2

4.4

4.5

4,4

4.6

4.3

4. 7

5, 1

5,4

5.2

5, 1

4.9

3,4

5 ,6

5, 7

5,6

4,9

¿,9

4.1

7 .4

4-71

5-71

6 -7 1

7-71

8-71

I 1-71

12-71

1-72

2 -72

3 - 72

4-7 2

5- 72

6-72

7-12

8-12

9—72

10-7 2

9-71

10-71

IN IT IA L

1 2 0 .0 7
1 2 0 .4 2
1 2 0 .5 1
1 2 1 .2 3

MONTH

PREPARED
DECEMBER
W H G i f S A l E P R I C E S —C ARM PR ODUCTS AND P R O C E S S E D
____________________________ C O M P C U N Jf n ANNUAL RA TE S QP

BY
7,

FEDERAL
1972

REStRVE

BAN*

OF

ST.

LOUIS

FQDOS AND F E E D S , S E A S . A D J .
C^ANGF___________________________________________________________________________

TERM INAL_______________________________________________________________________________I N I T I A L MONTH________________________________________________________________________________1967
MONT H
3-7?
9-71 10-71 I 1-71 12-71
4- 71
5 -71
6-71
7-71
7- 72
e - 71
1-72
2-72
4-72
6-72
9-72 10-72
8-72
5-12
5-7 1

2.1

6-71

3.2

4.3

7-71

-0 .7

-2.1

8-71

3.2

3.6

3.2

15,^

9-71

-0.4

-1.1

-2.8

0,0

10-71

1.9

1.9

1 .3

4. 7

11-71

2.3

2.3

1.9

4.6

1. 1

12-71

4.1

4. 4

4. 4

7. 1

5.1

1-72

4.8

5.2

5,3

7.7

6.2

2-72

5.8

6,3

6.5

e.c

7.6

3-72

4.9

5.2

5,3

7, 1

5.9

4-72

4.4

4.6

4,6

6,2

5-72

4.8

5.0

5,1

6-72

4.9

5. 1

7-72

6.1

6.4

100

U ?T ?
114 ,1
1 13,3

-R. 1
114.7

.

-13.7
-0 ,5

113.3
1 14 .6

14.7

115,0

9.3

4.3

12 .2

10.9

18.0

11 , 8

10,9

14,4

13. ?

12,5

12,0

14 . 7

13.0

15,3

9.6

8.6

9,7

7,0

5,2

-4.0

5.0

8,0

6.9

7.5

5,0

3 .1

-2.5

fc.5

5.5

8,2

7 ,3

7.8

5.9

4.7

i *4

4. I

9.5

5,2

6.5

5.6

8,9

7,?

7,6

5,9

5,0

2,5

4.3

7.8

0,2

6.5

7,9

7.2

9.5

9,9

9.5

8.4

a.o

9.4

13.1

14.9

24.4

8.0

1 0. 2

9.8

10 . 4

9.5

9,4

8.4

11 . 1

14.3

15,9

21.2

19 . 0

8.2

10 . 2

9,8

10 . 4

9.6

9.5

8.6

10.*

13,5

14.5

17.4

14 . 0

9.6

11.4

11.8

13.3

9 »2

10.

12.3

12.8

14. 1

11 ,

(

9. 7

9.5

3-72

4- 7 2

5-72

6- 72

7- 72

8-7 2

9-72

....

1 19 .0

8-72

6.9

7.1

7,3

7. 0

7,3

7.5

10-77

6.7

7.0

7. 1

8,2

7 ,7

9.6

9.2

9.6

9.«

3.6

7 .a

11 - 7 ?

7.?

7.5

7, 7

88
,

3 ,4

10. 1

9.8

10.3

9.6

9.5

8.8

4-71

5-71

10-71

1 1-71

12-71

1-72

6-71

8,6

7-71

8-71

9-71

. LL 6 ^ 6

117 .6

9-7 2




-

IN IT IA L

2-1 2

118 .6
-1,0

u s « ?
119 .4
120,0
122.2
123.9
124.9

1Q.1

.1 2 5 « 1 .

1.9

126.8

1 7. 6 f

10-72

MONTH

P REPARED
DECEMBER

BY
7,

FEDERAL
1972

,

RtSfcKVE

BANK

UF

ST.

L OUI S

15
GENERAL

PRICE

INDEX*
RAT I O SCALE

R A T I O SCALE
1958-100

1958-100

1964
*A S OSCO

1965
III

1966

1967

1968

1969

MATIOHAL IMCOM€ ACCOUNTS

re *C € N T A « € 8 A M

1970

S O W tC ft 0 . 3 .

AMMUAL BATES O f C ttA lttt P O * P C * I O i *

1971

1972

i f P A A T H f HT O f C m t t A U

IM O IC A TC O .

LATEST SATA P L O T T i lt M O O üAUTtU
P M P A H tO BY FEDERAL U X R V E

IMPLICIT

P R ICE D E F L A T O R FOR G R O S S N A T I O N A L
C O M P O U N D E D A N N U A L R A T E S OF C H A N G E
INITIAL

TERMINAL
QUARTER
4 - 6 7 1 - 6 8 2 - 6 8 3 - 6 8

4-68

F-69

2-69

3-69

4-69

1-70

«AMC O f S T . L O V IS

PRODUCT

QUARTER
?-70

1958
3-70

4-70

l-Jl

2 -1 l

3-7t

4-71

1 - Î2

100

2-12

t«:rr

4-67

1-68

_ _ _ _ _




2-68

3-68

4-68

1-69

2-69

> 6 9

4~69

1-7Q

_________ I N I T I A I

¿-7Q

3-70

4-70

1-71

2-71

3-71

4-71

1-72

2-12

QUARTER____________________________________________________________________

PREPA RED
NOVEMBER

BY FEDERAL
17» 1972

RESERVE

BANK

OF

ST,

LO U IS

«RATIOS

BASED ON S E A S O N A L L Y A D J U S T E D

DATA.

SOURCE*

U . S . DEPARTMENT

OF COMMERCE

SHADED AREAS R E P R E S E N T P E R I O D S O f B U S I N E S S R E C E S S I O N S
AS D E F I N E D BY THE N A T I O N A L BUREAU OF E CONOMI C R E S E A R C H .
L A T E S T DATA P L OT T E D «



OCTOBER P R E L I M I N A R Y
PREPARED BY FEDE RAL R E S E R V E BANK OF S T .

LOUIS


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102