Full text of National Economic Trends : February 1970
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n a t ion al Economic t r e i i d s PREPARED MONTH ENDING: BY January 31, 1970 FEDERAL RESERVE BANK OF ST. LOUIS RELEASED: February 24, 1970 Real product declined slightly from the third to the fourth quarter of 1969 (pages 8 and 9), the first decline in the production of goods and services since early 1967. The dip in real product was accompanied by slowing trends in employment, sales, industrial production, personal income and housing, which have continued through the first month of 1970. Prices rose at a slightly less rapid rate in the fourth quarter than in the three previous quarters (page 15), but a slowing trend has not yet been confirmed by the wholesale and consumer price indexes. Payroll employment was unchanged from October to January (pages 2 and 3), compared with a 3.3 per cent increase in the previous year and a 2.3 per cent 1957-68 trend rate. Industrial production has declined each month since mid-1969 (pages 4 and 5). Production has been slug gish in both consumer goods and business equipment indus tries . Personal income increased at a reduced 5 per cent rate from August to January (pages 6 and 7), after rising at an 8.8 per cent rate in the previous year. Retail sales declined markedly from October to January (pages 6 and 7). The physical volume of goods sold, particularly consumer durables, declined even more precipitately. Housing starts declined in January to about the level for the whole year 1966. Wholesale prices of industrial commodities have continued to rise at about the 4.5 per cent rate which has prevailed since last summer (pages 13 and 14). Consumer prices have continued to rise at about the 6 per cent rate of the past year (pages 12 and 13). 2 TOT AL C I V I L I A N EMPI OYMFNT COMPOUNDED ANNUAL RATES OF C H A N G E TPPMINAi.____________________________________________________________________ I N I T I A L MONTH_______________________________________________________________________THOUSANDS MONTH DF PERSONS 6 - 6« 7 - 6 « 8-68 0-6 8 1 0 - 6 8 1 1 - 6 « 12 -6 8 1 - 6 9 7 - 6 0 3 - 6 9 4 - 6 9 5- 69 6 - 6 9 7 - 6 9 8 - 6 9 9 - 6 0 10 - 69 11- 69 1 2 - 6 9 7- 6« - 0.« 8- 6 R - 0.6 76,00* -0.5 75, 9 78 76,065 9—6 8 0.0 0.4 1 0- 6 « 0 .-* 0.7 1. 3 1.2 1 1 - 6? 1.1 1 .6 7.7 2.7 4. 1 1 7-6« 1.6 2. 1 2 .8 3.1 4.3 4.5 1- 6 9 7.3 7. 8 3.5 4. 1 5.0 5.5 6.4 6.8 7. 1 1. 4 76,143 76,400 76 , 683 77, 081 7-60 7.9 3.4 4. 1 4.7 5. 5 6.0 3- 6 9 7- 0 3.3 3.8 4.2 4. 8 5.0 5. 1 4.5 7. 0 3.2 3.5 3. 8 3.8 3.6 2.7 0.5 - 0.0 4-60 7.4 7.8 77,524 77.650 77 , 5 8 9 5- 69 1.« 7. 1 7.4 7.5 2.7 2.4 7.0 0.9 - 1.0 -2.5 -4.1 6-69 7. 7 7.5 7. 8 ?.9 3. 7 3.0 7.8 7. 1 0.8 0.5 1.2 6.7 7—f>0 ?.-* 7.5 7.8 3.0 3. 1 3.0 7. 8 7.7 1.3 1.1 1.8 4.8 3.0 8-69 1 7.6 2.8 3.0 3.2 3. 1 2.9 2.4 1.6 1 2.2 4.3 3. 1 3.3 7.5 2.7 2.9 2.8 2.6 1.5 1.4 1.9 3 .4 2.4 2.0 0.8 0- 60 7. 7 7.8 2 .2 7 7 , 321 77, 741 77 , 931 78, 1 42 78,194 1^-69 7. 3 7.6 7.8 7.9 3.0 2.9 7. 8 7.4 1.8 1.8 2 .2 3.5 2.7 2.7 2.3 3. 9 1 1- 6 9 ?. 1 7.5 7.7 7.8 7.0 2.« 2.6 2.3 1.7 1. 7 7. 1 3. 1 2.4 2.3 2.0 2 .6 1. 3 17 - 6 9 7. 3 1- 7 0 6-68 78, 5 28 7.5 7. 7 7. 8 7.9 2.8 2. 7 2.3 1 .9 1. 9 2.2 3.2 2 .6 2.5 2.3 2. 8 2.3 3.7 7.6 2 .8 7 . 0 ... 3.0 3.0 2.8 2.5 2 .1 2.2 2.5 3.4 2.9 2.9 2.8 3.3 3. 1 4.0 4.7 7-6« 8-68 10 -6 8 1 1 - 6 8 12 -6 8 1-60 2-69 3-69 4-69 5-69 6-69 7-69 8-69 9-69 10 - 69 1 1 - 6 9 12 - 6 9 9-68 INITIAL INITIAL TFRMIMAL MONTH 7-68 8-68 9-68 10-6 8 1 1-6 8 12 -68 1-69 2-69 3-69 78,737 79, 041 MONTH PAYROLL EMPLOYMENT COMPQUNDFD ANNUAL RATES OF CHANGE 6-68 78 , 4 4 5 PREPARED BY FEDERAL RESFRVE BANK OF S T . FEBRUARY 10, 1970 MONTH 4-69 LOUI S THOUSANDS OF PER SONS 5-69 6-69 7-69 8-69 9-69 10- 69 11 - 69 1 2 - 6 9 67 , 9 4 5 7-68 7.3 8-68 7.4 ?. 6 0- 6 « 2.3 2 .2 68 , 088 1.9 68 , 1 9 5 68 , 4 7 7 10- 69 2.7 2.9 3.0 4.2 11-68 3.0 3. 2 3.4 4.2 4.2 1 2—68 3.1 3.3 3.5 4.0 4.0 3.8 68,664 68 , 87Ç 69,199 1- 69 3.5 3.7 4. 0 4.5 4.6 4.8 5. 8 9-69 3.7 3.9 4.7 4.6 4.7 4.9 5.5 5. 1 3-60 3.7 3*9 4. 1 4.5 4.6 4.6 4.9 4.5 3.9 4- 69 3.5 3.6 3.8 4.0 4.0 4.0 4.0 3.5 7.6 1. 4 •5-69 3. 5 3.7 3.8 4.0 4.0 4.0 4.0 3.6 3. 1 2.6 3.9 6- 69 3.7 3.8 3.9 4. 1 4.1 4.1 4.2 3.9 3.6 3.4 4.5 5.0 7- 69 3.3 3.4 3.5 3.6 3.6 3.5 3. 4 3.1 7.6 2.3 2.7 2.0 «-69 3.4 3.5 3.5 3.7 3.6 3.6 3.6 3.2 7. 9 2.7 3.1 2 .8 1. 7 4.4 9-69 3.0 3. 1 3. 1 3. 7 3. 1 3.0 2.9 2.6 7. 2 2.0 2 .1 1.6 0.5 1.2 69,487 69,710 69,789 70 , 0 1 3 70,300 70, 24 7 -0.9 70,500 -1.9 7 0 , 390 O' 3. 2 3.2 3.3 3.3 3.2 3. 1 2 .8 2.5 2.3 2.5 2 .2 1. 5 2.3 1.3 4.5 2.9 3.0 3.0 3. 1 3.0 2.9 2.8 2.5 2.2 2 .0 2 .1 1.8 l.l 1.7 0.8 2. 1 -0.3 12- 69 2.8 7. 8 ?.8 2.9 2.8 2.7 2.6 2.3 2 .0 1.8 1.9 1.6 1.0 1.4 0.7 1.5 0.0 0.4 1- 70 7. 6 7.6 2 .6 2.7 2 .6 2.5 2.4 2.1 1.8 1.6 1 .6 1.4 0.9 l.l 0.5 1.1 - 0.0 0 .1 - 0.1 6-68 7-68 8-68 1 1 - 6 8 1 2 -6 8 1-69 2-69 3- 69 4-69 5- 69 6-69 7-69 8-69 9-60 10-69 11-69 12-69 1 c 3. 1 11-69 9 - 6 8 1 0-68 INITIAL 70, 651 70,635 7 0 , 656P 7 0 , 649P MONTH 1 P - PRFLI MÎ NARY PREPARED BY FEDERAL RESERVE BANK OF S T . FEBRUARY 10, 1970 LOUIS 3 Employment Ratio Scale Ratio Sc a le *D a ta for Total Employment revised from January 1968. Source: U.S. Department of Labor Percentages are annual rates of change between periods indicated.They are presented to aid in comparing most recent developments with past "trends.” Latest data plotted: January Prepared by Federal Reserve Bank of St. Louis f» I NDUST RI AL PROOUCTION COMPOUNDED ANNUAL RATES OF CHANGE INITIAL TERMI NAL MONTH 6-68 7-68 3.7 7-68 8-68 9-68 10 -6 8 1 1 - 6 8 1 2 -6 8 1- 69 2-69 3-69 MONTH 4-69 1957- - 59 * 100 5-69 6-69 7-69 8-69 9 - 6 9 10 - 6 9 11-69 12-69 166.5 8-68 -3.2 -9.6 9-68 - 0 .2 - 2. 1 6.0 16 5. 1 165.9 10-6 8 0.5 -0.5 4.4 2.9 11-6 8 2 .6 2.4 6.7 7.1 11. 4 1 2 -6 8 3.3 3.2 6.7 6.9 9.0 6.6 166.3 ’„ 67. 8 168.7 1-69 3.2 3.1 5.9 5.9 6.9 4.7 2.9 2-69 3.7 3.7 6.1 6.2 7.0 5.6 5.1 16 9. 1 3-69 4.4 4.4 6.6 6.7 7.5 6 .6 6. 6 8.4 9.6 4-69 4.1 4.2 6 .1 6. 1 6.6 5.7 5.4 6.3 5.8 2 .1 6.0 6 .0 6.5 5.7 5.5 6.2 5.8 3.9 7.3 17 0. 1 171.4 17 1 . 7 5.7 5-69 4.3 6- 69 4.6 4.7 6.3 6.3 6.7 6 .1 6.0 6.7 6.5 5.5 7.2 8.7 7-69 4.8 4.9 6.3 6.3 6.7 6.1 6 .1 6.6 6.5 5.7 6.9 7.5 6.4 8-69 4.3 4.3 5.6 5.5 5.8 5.2 5.0 5.3 5.0 4.1 4.6 4.2 2 .1 - 2 .0 9-69 3.8 3.8 4.9 4.8 5.0 4.4 4.1 4.3 3.9 2.9 3.1 2.5 0.5 -2.4 -2.7 3.2 3.2 4.1 4.0 4.1 3.5 3.1 3.2 2.7 1.7 1.6 0 .8 - 1.0 -3.4 -4.1 11-69 2.3 2 .2 3.0 2.8 2.8 2 .1 1.7 1.6 1.0 0.0 -0.3 -1.3 -3.1 -5.4 -6.5 -8 .3 - 11.2 12 - 69 2 .0 1.9 2.7 2.5 2.5 1.8 1.4 1.3 0.7 -0.2 -0.5 -1.4 -3.0 -4.7 -5.4 -6.3 -6.7 - 2 .1 0 172.5 4.3 1.5 1.4 2 .0 1.8 1.7 l.l 0.7 0.5 - 0 .1 -1.0 -1.4 -2.3 -3.7 -5.3 - 6 .0 -6.7 -7.2 -5.1 6-68 7-68 8-68 9 - 6 8 10 -6 8 1 1 - 6 8 12 -6 8 1-69 2-69 3-69 4-69 5-69 6-69 7-69 8-69 9- 69 10-69 11-69 12-69 10-69 1 INITIAL 173.7 174.6 174.3 173.9 -5.4 173. 1 171. 4 1 7 1 . IP - 8 .1 1 6 9 . 9P MONTH P - PRELI MI NARY PREPARED BY FEDERAL RESERVE BANK OF S T . FEBRUARY 16, 1970 LOUI S 5 Industrial Production Ratio Scale Ratio Scale Percentages are annual rates of change between periods indicated. They are presented to aid in comparing most recent developments with past "trends.” Latest data plotted: January preliminary Prepared by Federal Reserve Bank of St. Louis 6 S F T AT L SAI FS COMPOUNOFO ANNUAL RATES OF CHANGE TERMINAL MONTH 7- 6 8 MI LLI ONS OF HOLLARS T N I T T A L MONTH 6-68 8-68 7- 63 9- 68 1 - 69 10-68 1 1 - 6 8 1 2 -6 8 ?_60 3-69 4-69 5- 69 6-69 8- 69 7-69 9-69 1 0 - 69 1 1 - - 69 1 2 - 6 9 2 8 , 641 16 . 1 28,725 3.6 - 0.0 -7.2 16.9 10-68 A. 1 0.3 - 1.2 17. 3 I 1-68 4.7 1.4 0.6 10 . 7 4.5 1 2 -6 8 1 .? -1.5 -2.7 2.5 -4.2 - 12 .1 1- 6 9 4.1 2.7 1.9 7.3 4.1 3.0 2 2 .8 7-60 s . ? 3.7 3.7 8.4 6.3 6.9 17.9 or I or 9.7 9- 68 28,286 28,665 2 8 , 771 28,463 28,955 29,257 13 . 3 3- 69 7.8 1.3 0.9 4.3 1.8 1.2 6.0 4-6 9 4.8 3.6 3.6 6.9 5.3 5.4 10 . 3 6.4 5-60 4. 7 3.1 3. 1 5.9 4.4 4.3 8.0 6- 69 3.8 7.8 ?.7 5. 1 3.7 3.6 6.5 1. 7 28, 881 - I .5 -14.4 29,409 3.2 24.3 4.5 1. 8 11.0 -0.9 3.5 1.2 7.0 -0.8 -0.6 3.8 0 .9 -1.4 2 .2 -4.3 -5.9 29 , 3 8 6 29, 371 7- 69 7.6 1.6 1.4 3.4 2 .0 8-69 3.2 2.3 7. 7 4. 1 2 .0 2.7 4.7 2 .3 0.6 3.9 -0.6 -0.5 -0.5 11. 1 0-6 9 7.7 1.8 1. 7 3.4 2. ^ 2 .0 3.7 ! .6 0.0 7.6 -1.2 -1.3 -1.5 3.5 -3 . 5 15.9 29,090 -10.9 29, 346 29,259 10-69 3.5 7.7 7. 7 4.3 3.3 3.2 4.9 3 .1 1.9 4.4 1.4 1.9 2.6 7.5 5.7 11-69 7. 9 ?. ? ? . l 3.6 2 .6 2.4 3.9 2 .1 1.0 3.1 0.4 0.6 0.8 4.0 I .7 4.4 - 5 .0 I 7—69 ? . 7 1. 9 1.8 3. 7 7.3 2. 1 3.4 1 .8 0.7 7.5 O.t 0.2 0.4 2.8 0 .8 2.3 -3.9 - 1 .9 2 9 , 423P 1- 7 0 1 .9 1.1 1 .0 7. 2 1. 3 1.1 2.7 0 .6 -0.5 1.0 -1.2 -1.3 -1.4 0.3 -1 .7 -1.3 -6.4 -6 . 7 - 1 1 . 2 2 9 , 133P 6-68 7-68 8-68 9- 68 10 -6 8 1 1 - 6 8 1 2 -6 8 1 - 69 7- 69 3-69 4- 69 5-69 6-69 7-69 8- 69 9-69 29,620 29 , 471 1 0 - 69 1 1 - 69 1 2 - 6 9 T MI T TAL MONTH P - PRELI MI NARY PFRSONAL INCOME COMPOUNDED ANNUAL RATES OF CHANGE INITIAL TERMI NAL MONTH 6-68 7-68 7-68 8-68 9 - 6 8 1 0 - 6 8 11 - 6 8 12 -6 8 1-69 £-69 3-69 PREPARED BY FhOfrRAL &ÊSERVP BANK OF S T . FEBRUARY 13, 1070 b 1LL1 UNi> Uh DOLLARS ANNUAL RA 11 i> MONTH 4-69 LOUI S 5-69 6-69 7-69 8-69 9 - 6 9 1 0 - 6 9 11 - 6 9 1 2 - 6 9 691.0 9.3 8-68 9.3 ^>.2 9-68 9.2 *3> . 1 9 .0 10 -6 8 9. 1 <ii 9 .0 9. 1 11-6 8 9.2 <3>.2 9.1 9.2 9.4 1 2 -6 8 9.0 e1.9 8.8 8.8 8.6 7.9 7.7 7.3 6 .2 4.6 . l 696. 1 701.1 706.2 711.5 716. 0 1- 6 9 8.3 i1.2 8.0 2-69 8.4 81.3 8.1 8.0 7.7 7.2 6.8 9.0 3-69 8.8 £1.7 8. 7 8.6 8.5 8.3 8.5 10.4 11 . 9 4-69 8.7 £1.6 8.6 8.5 8.4 8 .2 8.3 9.6 9.8 7.8 5- 69 8.6 8.6 8. 5 8.4 8.3 8 .2 8.2 9.2 9.2 7.9 718. 7 723.9 730.7 735. 3 7.9 740.0 74 6 . 1 6-69 8.8 81.7 8. 7 8.6 8.6 8.5 8.6 9.4 9.5 8.7 9.1 10.4 7-69 8.8 e1.7 8. 7 8.7 8.6 8.5 8.6 9.3 9.4 8.7 9.1 9.6 8.9 9.5 9.0 9.3 9.8 9.5 751. 4 8-69 8.9 8.9 8.8 8 .8 8.8 8.7 8.8 9.4 9-69 8.6 81.6 8. 5 8.5 8.4 8.4 8.4 8.9 8.9 8.4 8.5 8.6 8.1 7.7 5.2 10 - 6 9 8.4 81.3 8. 3 8 .2 8 .1 8.0 8.0 8.4 8.4 7.9 7.9 7.9 7.2 6.7 5.0 4.8 757.5 10 . 2 760.7 763.7 11-69 8.3 8.2 8. 1 8 .1 8.0 7.9 7.9 8.2 8.1 7.7 7.6 7.6 7.1 6.6 5.4 5.6 6.3 12-69 8 .1 81.0 7.9 7.9 7.8 7.6 7.6 7.9 7.8 7.3 7.3 7.2 6.7 6.2 5.3 5.3 5.5 4.8 1-70 7.8 7 .8 7.7 7.6 7.5 7.4 7.3 7.6 7.4 7.0 6.9 6.8 6.3 5.8 5.0 4.9 5.0 4.3 3.8 6-68 7- 68 8 68 9 - 6 8 1 0 -6 8 1 1 - 6 8 12 -6 8 1-69 2- 69 3-69 4-39 5-69 6-69 7-69 8-69 9- 6 9 10-69 11- 6 9 12-69 INITIAL 767.6 7 7 0 . 6P 7 7 3 . OP MONTH P - PRELI MI NARY PREPARED BY FEDERAL RESERVE BANK OF S T . FEBRUARY 16» 1970 LO UIS 7 Retail Sales Ratio Scale Ratio Scale Source: U.S. D e partm en tof Commerce Percentages are annual rates of change between periods indicated. They are presented to aid in comparing most recentdevelopments with past "trends.” Latestdata plotted: January preliminary Prepared by Federal Reserve Bank of St. Louis Personal Income 1962 1963 1964 1965 1966 1967 1968 1969 1970 Source: U.S. Department of Commerce Percentages are annual rates of change between periods indicated. They are presented to aid in comparing most recent developments with past “ trends.” Latest data plotted: January preliminary Prepared by Federal Reserve Bank of St. Louis GROSS NATTONAL PRODUCT ÌM CURRENT OÜLLAPS COMPOUNDED ANNUAL RATES OF CHANGE -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------BILLT0NS OF TERMINAI OUA^TFR INITIAL 1- 65 ?-65 3-65 4-65 1-6 6 7- 66 3-66 4-66 1- 67 QUARTER 2-67 3-67 4- 67 t -68 2-68 3- 68 4-68 1-69 2-69 DOLLARS ANNUAL RÄT t S 3-69 675.7 2- 6 5 8.0 3- 6 5 8.7 9.4 4-65 9.6 10.4 11 . 4 1 -6 6 1 0. 1 10. 8 11 . 4 11 . 4 2-66 9. G 10. o 10. 7 9.6 7. 8 3- 6 6 9.7 9.4 9.4 8. 7 7.4 7.0 4-66 9.0 9. ? 9. 1 8.5 7.6 7.5 8 .1 1-6 7 8. 1 8 .1 7.9 7.7 6. 1 5.6 4.9 1.8 2- 67 7.7 7.7 7.4 6.8 5.0 5.4 4.9 3.3 4.9 691.1 710.0 729.5 743.3 755.9 770.7 774.2 783.5 800.4 3-67 7.8 7.8 7.6 7. 1 6.4 6.1 5.9 5.7 6.9 8.9 4-67 7. 9 7.8 7.7 7.7 6.6 6.4 6.3 5.9 7. 3 8.5 8.1 1-68 8.0 8.0 7.9 7. 5 7.0 6.9 6.9 6.7 7.9 8.9 8.9 9.7 2-63 816.1 835.3 8.3 a.3 «.? 7.9 7.5 7.5 7.6 7. 5 8.6 9.6 9.8 10.7 11.7 3-68 8.3 8. 3 8.2 8.0 7.6 7.6 7.7 7.6 8.6 9.4 9.5 1 0 .0 10 .1 8.5 4-6 8 8.3 3.3 a.? 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- 6 9 8.7 8.7 8.1 7.9 7.6 7.6 7.6 7.6 8.3 8.8 8.8 9.0 8.8 7.8 7.5 7. 5 2- 6 9 8 .2 8.7 8 .1 7. 8 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- 69 8.1 8.7 8.1 7.9 7.6 7.6 7. 6 7.6 8 .2 8.6 8.5 8.6 8.4 7.8 7.6 7.6 7.6 8.0 4—6 9 7.9 7.9 7. 8 7.6 7..4 7.3 7.4 7.3 7.8 8.1 8.0 8.0 7.8 7.1 6.9 6.7 6.4 6.0 4.0 1- 65 7-65 3-65 4-65 1 -6 6 2-6 6 3-66 4-66 1-67 2-67 3-67 4-67 1 -6 8 2-68 3-68 4-68 1-69 2-69 3-69 INITIAL tppmimal QUARTER 1- 6 5 2-65 6.0 7- 6 5 3-65 4-65 1-66 2-66 858.7 876.4 892.5 908.7 924.8 942.8 952.2 QlMRTER PREPARED BY FEDERAL RESERVE BANK OF S T . LOUI S FEBRUARY 1 3 , 1 9 7 0 riÄTTONAL PRODUCT I N CÜtfSr/TNT 195 ö DOLLARS COMPOUNDED ANNUAL RATES OF CHANGE D1L LI UNb Uh I N I T I A L QUARTER DOLLARS a n n u Al RAIfcS 3-66 4- 66 1-67 7-67 3-67 4-67 1 - 6 8 2-68 3 - 6 8 4 - 6 8 1 - 6 9 2 - 6 9 3 - 6 9 610.4 3- 6 5 7. 1 8. 7 4-6*1 7. 8 8. 8 9. 4 1-66 7.9 8.5 8. 7 622.5 636. 6 8.1 64 9. 1. 2-66 7.0 7. 3 7. 0 5.9 3.7 3-66 6.4 6.5 6 .1 5.0 3.4 3.7 4-66 6.7 6.7 5.« 4.9 3.9 4.0 655.0 660.2 668.1 4.9 1- 6 7 5.3 5.7 4.7 3.7 7. 7 2.3 1. 9 - 1.0 7—6 7 4.9 4.8 4. 3 3.5 2 .6 7.4 2 .1 0.7 7.9 666.5 670.5 7.4 3-67 4.« 4. 8 4.4 3.7 2 .8 7.7 7.0 3. 5 4.5 4-67 4.8 4.6 4. 7 3.6 3.0 7.9 2 .8 2.3 3.4 3.9 3.3 1-68 4. 8 4. 7 4.4 3.9 3.3 3. 3 3. 3 3.0 4.0 4.6 4.6 5.9 7- 68 5.0 5.0 4.7 4.7 3.8 3.8 3.9 3.7 4.7 5.3 5.5 6.6 7.4 3- 6 8 5. 0 4.9 4.6 4.7 3.8 3.8 3.9 3.8 4.6 5.0 5. 1 5.8 5.7 4.0 678.0 683.5 693.3 705.8 712.8 4-68 4. 8 4. 8 4.5 4. i 3.8 3.8 3.8 3.7 4.4 4.7 4.8 5.1 4.9 3.6 3.2 1-69 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 .6 718.5 7 2 3. 1 7-69 4. 5 4. 5 4.7 3.9 3. *> 3.5 3.6 3.4 3.9 4. 1 4.0 4.7 3.8 3.0 7.6 2.3 2.0 3-69 4.4 4.3 4. 1 3. 7 3.4 3.4 3.4 3.3 3.7 3.9 3.8 3.9 3.6 7.8 2.5 7. 3 2 .1 2.2 4-69 4.7 4.0 3.8 3.5 3.7 3. 1 3. 1 3.0 3.4 3.4 3.3 3.3 3.0 2.3 1.9 1.6 1.2 0.9 -0.4 1-65 7-65 3-65 4-65 1 -6 6 7-66 3-66 4-66 1- 6 7 2-67 3-67 4-67 1 -6 8 2-6 8 3-68 4-68 1-69 2-69 3-69 INITIAL 726.7 730.6 729. 8 QUARTE« P f t É W E O ÖY PEDfftAL ftESÉftVÉ BANK OF S T . PFBRUARY 1 3 ,1 9 7 0 LO UIS 9 Demand and Production Ratio S c a l e 1962 Ratio S c a l e Quarterly Totals at Annual Rates 1963 1964 1965 1966 1967 1968 1969 1970 L lG N P in current dollars. Source: U.S. Department of Commerce [2 G N P in 1958 dollars. Percentages are annual rates of change between periods indicated.They are presented to aid in comparing most recentdevelopments with past "trends.” Latest data plotted: 4th quarter Prepared by Federal Reserve Bank of St. Louis ID F I NAL SALFS T* CORPFNT rTOLLA*^ COMPOUNDED ANNUAL RATES OF CHANGE TERMINAL QUARTFR INITIAL 1- 6 5 IT «C 1 <\ 9.5 3-65 0. 5 2-65 3- 6 5 1 -6 6 4- 65 2 -6 6 3-66 4-66 1- 67 2-67 BT LLTUNS OF DOLLARS ANNUAL RATES iDUARTER 3-67 4- 67 1 -6 8 2-68 3-68 4-68 1-69 2-69 3-69 666.8 682.1 o. 5 4-6 5 10.0 1 0. 3 n .1 1 -6 6 10.2 700.3 10 . 4 10.9 1 0 .6 2-66 9. 1 9.0 8.9 7.8 718.2 727. 1 5. 1 744.0 3-66 9.2 <5.2 9. 1 8.4 7.3 9.6 4-66 8.4 8.2 8.0 7.2 6.1 6.6 3.7 8.2 8.0 7.3 6.5 7.0 5.8 750.8 765. 2 7.9 1- 67 8.3 2-67 8.3 8. ? 8.0 7.5 6.8 7.3 6.5 8.0 8 .1 3- 67 8. 1 8.0 7.8 7.3 6.8 7.1 6.5 7.5 7.3 6.5 4-67 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 8.5 8. 5 8.4 8. 1 7.7 8.1 7.9 8.7 8.9 9.2 10 .6 14. 1 2-68 8.5 8.4 8. 3 8.0 7.7 8.0 7.8 8.5 8.6 8.8 9.6 10.7 7.5 3- 6 8 8.6 8.5 8.4 8.2 7.9 8. 3 8 .1 8.7 8.9 9.0 9.7 10 . 5 8.7 10 .0 4-68 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 1-69 8.5 8.4 S.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 8.4 8. ^ 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 7.2 780.2 792. 6 806.6 833.6 848.8 869.2 6.0 882.0 902.1 917.9 «.3 8. ? 8.1 7.9 7.7 7.9 7.8 8 .2 8 .2 8 .2 8.4 8.6 7.7 7.8 7.2 7.6 6.7 6.3 4-69 8.1 8.0 8.0 7. 8 7.6 7.8 7.6 8.0 8.0 7.9 8.1 8 .2 7.4 7.4 6.9 7.1 6.3 5.9 5.5 1-65 2-65 3- 65 1-6 6 2 -6 6 3-66 4-66 1- 6 7 2-67 3- 67 4-67 1 -6 8 3-68 4- 68 1—69 2-69 3-69 2-69 B I L L I O N S OF ___ DOLLARS___ ANNUAL RATES 3 - 6 9 _________________ 1 INITIAL «c 4- 65 00 3-69 932.0 944.5 iQUARTER FEBRUARY 13 , 1 9 7 0 F I N A L SALFS I N CONSTANT 1958 DOLLARS __ COMPOUNDED ANNUAL RATES OF CHANGE ..I N I T I A L QUARTER ____________ 1- 6 5___Z=..h5 ___3 - 6 5 ___£r.65___1 - 6 6 ___Z - .66___3 - 6 6 ___4 - 6 6 1 - 6 7 ___2 - 6 7 QUARTER 3-67 4- 67 1-68 2-68 3-68 4-68 1-69 602.17 . 7____ a . i _ 614.Q a . i____ a*5_ 62 7. 3- 8 . 1 ____ 3^1 638.4 6 . 4____ 6^2____ 5^6____4 . 0 639.6 6.1 6^9.1 5 . 2 ____ 4^6____ 3*5____ 2^3____ 3 . 1 649.5 6 . 4 ____ iu_2____ 5 . 7 5.5 4.7 3.4 7-*7 5. . 5 5,.3 4.,9 4. ,2 3, .6 4.. 3 3. .8 5, .A 5.8 3-67 . . 5,, 1 4,. 9 4,,5 3,,9 3,. 3 3., 9 3,, 3 4. , 4 1 T9 4-67 Ah, 9 4,, 7 4., 3 3 ,, 7 3,, 2 3, .6 3,, 2 3,, 9 3,4 2 r? 2 t *» 1 -Aft 5,. 3 5,.2 4. ,9 4.,4 4,, 1 4, .6 4.,3 5, . 2 5. 1 4,. 9 6.4 7^68 ... 5. . 7 5,. n 4,,7 4, , i 4,, 0 4,.4 4,, 1 4, r ft 4.7 4, . 4 - 3r-68 5,. 2 5,.0 4. ,8 4,,4 4,. 1 4,.5 4,.3 4. r 9 4.8 - . 667-.4 2 ,n 670-.7 674-„8 10 . 5 691 -.8 5.7 .6 7 .9 696-. 8 4, - 6 5.3 6 .3 4,.2 4.4 4,.1 4.5 *i . 1 5 .6 706-.3 709- .0 4-Aft 4,. 9 4, . 8 4.,5 4., 2 3,. 9 4. .2 4..n 4. . 5 3,. 3 3 .*> 1.5 1- A 9 4. ,9 4,. 8 4.,5 4, ,2 4,. 0 4,,3 4,, i 4, .5 4-4 4, .7 4.6 5 .0 3,. 7 3.9 3.1 2-69 4, , 7 4,. 6 4., 4 4,, 0 3,. 8 4,, 1 i,.9 4 .2 4, 1 3,r 9 4,2 4 .5 3 ,3 3 ,4 7-7 3-69 4..5 4., 3 4. 1 3. .8 3, , 5 3, .8 3, 3. . 9 3.7 3,. 5 3.7 3 .9 2 •n ? •fl 2 -1 2.3 1-1 0.3 4-69 4.. 3 -----4*.. 2 3. 9 3. .6 3 ,. 4 3.. 6 3,.4 3 .A 1-5 *3 - 1 1.4 3 .5 2. A 7. 5 1.9 7-0 1. 1 n.7 i. n 3-65 4-65 1-66 2 -6 6 3-66 4-66 1-67 2 - i S7 3-67 4-1S7 l - l &8 2 - 68 3-68 4-68 1-69 2-69 3-69 t-65 2-65 INITIAL 4.7 717..7 77rt..7 771 -.3 771. . 1 QUARTER PREPARED BY FEDERAL RESERVE BANK OF S T . LO U IS FFBLRUARY 16. 1970 11 Final Sales Total Spending Less Changes in Business Inventories Ratio Scale Quarterly Totals at Annual Rates Ratio S c a l e Source: U.S. Department of Commerce Percentages are annual rates of change between periods indicated. They are presented to aid in comparing most recent developments with past "trends.” Latest d a ta plotted: 4th quarter Prepared by Federal Reserve Bank of St. Louis 12 CONSUMER PRI CE INDEX * f.DMPQtlNDF 0 ANNUAL RATES OF CHANGE MHNTH I NITIAL T PPM T MAI MONTH A-Aft 7-A ft ft-Aft Q—Art 1 n-Aft 7- AO 6,1 ft-Aft S ] 4 n Q-Aft 4 ,4 3,5 1 O-Aft «>,. 0 4,, 7 5,, 0 7,, 1 6 ,. 0 5. .0 1 1 —Aft 1 7-Aft 1— AQ 7-69 3 —AQ 4-A9 1957 - 5 9 = 100 a^.69. 9- 69 5-1£»9 - ¿ - 6 2 - 1 0 - 69 11- 69 12- 69 121.5 121.9 122.2 3 ,I fi 122.9 1 1 —Aft .0 4,. R 5, .0 1 7—A ft 4, 7 4 ,4 4, .5 5,.n 4,.n 3.0 1- AQ 4 . ft 4,, 3 4,. 4 4,.7 4,.n 1*5 123.4 123.7 12 4. 1 4.0 7- AQ 4,. IS 4,.4 4,.5 4, .8 4, 3.9 4» 4 4.9 ^-AQ 5,. ? *7. 1 *7, 5,.6 5,. 4 5.4 6.3 7.5 LQ- 1 4—A Q *>,. *i 5 .4 *>,. 6 6 ,. 0 5, .8 5.9 6.7 7.6 9.0 *5—AQ *>. 3 *>,. 3 5,. 4 *>,. 7 *5,. 5 5.6 6.1 6.7 7.3 5.,9 3.9 A- AQ 5. 5 5 .5 5 .6 5.9 *7,. 8 5.9 6.4 6.9 7.4 6 .,5 5 •a 7 .8 124.6 125.6 7.,9 126.4 1 2 6. 8 127.6 7—AQ 5 •ft 5 .5 *>,. 7 5. 9 *5.8 5.9 6.3 6.7 7. 1 6 ., 3 5 .8 6 .8 5. 8 ft-AQ 5 .5 5 5,.6 5,.8 5,. 7 5.8 6.1 6.4 6.7 6 ..0 5 .6 6 .1 5. 3. 4.8 9—AQ 5. 5 5. 5 5 .6 5 .8 5,. 7 5.8 6. 1 6.4 6.6 6 .,0 5 .6 6 .0 5.4 5.3 5.7 1 n-A9 5. 5 .4 «7,. 5 5. 7 5. 6 5.7 5.9 6.2 A.3 5. ,8 5 .5 5 .8 5.3 5.1 5.2 4.7 1 1- AQ 5. 5 5. 5 5 .6 5 .8 s .7 5.8 6. 0 6*2 6^4 5,,9 5 .6 5 .9 5.5 5,5 5.7 5.7 6.7 1 7- AQ 5 .7 5 *7. 7 5.9 5 .8 5.9 6 .1 6.3 6.5 6 ..1 5.9 6 5.9 5.9 6.2 6.3 7.1 7.6 1- 7 0 5.A 5 -6 5.7 5 .8 5 .8 5. 8 A. O 6.2 6.3 6 ,.0 5.7 6 .0 5.7 5*1 5.9 5.9 6.3 6 .1 6- 68 7-168 8- 68 9—i68 10 - i 68 1 1 - 6 8 1 2 -6 8 1-69 ? —69 3- 69 4 - 69 5 - 69 6-6 9 7 -6 9 8-6 9 9-6 9 INITIAL ♦___NOT A-Aft 7-6 8 4.5 7—A ft ft-Aft Q-Aft 1 0-6 ft 1 1- A8 1 7 —Aft 1 3 0. 5 131.3 4.7 1 0 -6 9 1 1 - 6 9 1 2 - 6 9 ALL COMMODITI ES * r a t p s of c h a n t . f 1— AQ 7- 6 9 0.0 -4. 3 1r* 0 . 0 4- S 10—6 8 1.1 0. 0 2. ? 0. 0 1 1-68 2 .0 1. 4 3.4 2 .8 *5.6 1 ? — Aft ? rO 1 . * 3, 1 ? T* 3-9 7. ? AtO A. ? 3-69 4-69 7-69 R- \f>9 9-69 10 - 6 9 11 - 69 1 2 - 6 9 in,. 3 109.6 10 9. 8 1 1 0. 7 4, S 4 . *5 ?-69 3. ^ 3. 2 4. * 4. S StA S. 6 7,.3 4.4 3.A 4 t ft 4- ft S.ft 5 .9 7,. 1 5.5 A.7 3.4 4.4 .1 5. 8 4.4 4.4 7. ? .9 6. 7 5.8 6.3 6. 1 1 0 ,. 1 4.4 *5- ? 1 S- Q S 111.1 1 1 1. 7 1 1 1. 9 4. 1 4. 1 - l A- AQ 4- 1 4. 1 5.0 5.0 5. 7 *5. 7 6 .3 5.5 5.8 5. 5 7, 7-AQ 3 .Q 3 T ft 4. A 4.6 5.7 5 1 5 .5 4. 8 4.8 4. 4 5 Tt? 3 TA 4.3 4.3 4.7 4 .6 S .0 4. 7 4.7 3. 1 4,7 4 4.5 4 .4 4.6 4.0 3.9 3.4 .A 6-69 109. 1 3. O 3 5-69 109. 1 3. 2 3. 7 .1 . 7 112.8 113. 2 V .3 .1 ? .7 1. 1 4 .1 ? . ] 1. ] 1 .1 .7 ? . 1 1 .4 1.6 3 113.3 11 3. 4 2 .1 113. 6 114. 0 1O - ^ Q 3TA 3- A 4.7 4. 1 4- 4 .4 4 .6 4.0 3.9 3. 6 3 .8 ? .6 ?. 1 ?.5 3 4. 3 1 1— AQ 3. q 3. ft 4.4 4.4 4.7 4 .7 4 .9 4.4 4.3 4. I 4.3 3 .'t 3 3.8 4. 7 6 .0 3 _Q 3- Q 4.4 4.4 4.7 4 .6 4 4.3 4.3 4. 4 Î .5 3,4 3f9 4 .6 5 .4 5.9 4.3 4 4- 7 4.7 4.7 5.0 5.0 5 .7 4.8 4.8 4. 6 4 .9 4 .3 4 .3 4 .8 5 .6 6 .5 7.2 7.0 9.8 7-68 8-68 10-68 1 1 - 68 1 2 - 68 1-69 2-69 3-69 4 — '6 9 5 - 69 6 - 69 7- 69 8 - 69 9 - 69 10 - 6 9 11-69 12-69 1- 7 0 ? 6-68 LOUI S 1957-- 59 = 100 MONTH 1 —6° 4- AO PREPARED BY FEDERAL RESERVE BANK OF ST . FEBRUARY 20 , 1970 10 8. 7 8-6 8 1 7 —AQ 131.8 109. 1 O-Afl Q 129.8 MONTH fMTTI Al T F RM T MAI MONTH ft— A 129.3 S E ASONA L L Y AD J U S X £ D _____._____________________________________________________________ WHOLESALE PRI CES» rriMPniiMnFn anni i ai Q-AQ 12 8. 2 128.7 9-6 8 . R 1 114.7 7.6 115. 1 116.0 I N I T I A L . MONTH * NOT SEASONALLY ADJUSTED PREPARED FEBRUARY BY F E D E R A L 70, 1970 RÉSERVF 8ANK OF ST. LOUIS 13 Prices Ratio Scale 1957-59=100 Ratio Scale 1957-59=100 Source*. U.S. Department of Labor Percentages are annual rates of change between periods indicated. They are presented to aid in comparing most recent developments with past ”trend s.” Latest d a t a plotted: J a n u a r y P re p a re d by F e d e ra l Reserve Bank of St. Louis m WHOLESALE PRI CES INITIAI T P DM I MAI MONTH 6-A8 7-6 8 0 .0 8-6 8 0.6 7-Afl O- A ft 1 n - A f t ft— Aft J 1 - AR 2.5 3.4 4.5 11-68 2.4 3. 1 12-6 8 2 ■6 3. 1 3.7 2t £ 3.3 1-69 3* 3 3.9 4. 5 4.7 4.4 5 *-6- 7.9 2— 6 9 3.6 4. 1 4.6 A.9- 4. 7 5.6 ¿ x. 7- 3-69 3 9 4^4 4.9 ** 2 5. 1 9-69 10-69 11-69 = 100 1?- 6 9 109.7 109-9 4. 1 4.4 4.6 4.4 110.2 .5 * r 9 ____6-. -Z- 6 .1 6.X- 4.9 4 .4 3.8 5~. 3 0.7 0.5 3.4 3.4 2. 7 2 . 2- 1.1 1. 1 1 .1 3. ^ 3.6 3. 0 ? .S 1.7 1,9 7.2 3.3 4.4 3.6 3. 1 ? t* 2 . 2 .... _2~».4 ?.7 1-A 4.1 3.9 3- 5 3. , 2- 2 .8 3- . 1 3. 5_- 4.3 5.1 5.4 A.5 4*0 3. A 3.4 3.0 3.2 3. A 4. 3 4.9 5.1 5.4 7-69 3.1 3.3 3. 5 -3^- 5. 3. 3 8 —6 9 3.1 3.4 3.6 3. 6 3.4 9-6 9 3x2 3 *5 3.6 3.7 3. * 3.4 3. 7 3.8 3.9 3.7 3.9 3.7 3.9 3.9 3.8 3.<* 1-Q .. . „4^0. 1- 9 4.0 ¡1,0 3 *9 4_n 4. o 6-68 7- 68 8-68 9-68 X *1 1. 1 7»? 3.4 ?. 7 .. 2.9 3.9 3. 7 •a a 117.1 .6 4. 1 3.6 * 117.0 1. 1 ?.R 3 4. 1 3*4 1. A 111.4 3.7 3.8 3.1 * 110.9 5 3.4 3. 8— 6 9 2.2 5 —6 9 i -7 n -2.-69 5.-6- 3 . 7....- 3 . 9 6-69 12-69 A-AQ 109.2 10-6 8 3.5 1 9 5 7 - 59 S— AQ 108.9 2.2 11-69 4-AQ 1.1 1.5 3.7 1*OMIH 1-AQ 108.8 ft 4-6 9 7 — AQ 17-6&.. .. .1 -69 3,4 9—^ I NDUST RI AL COMMODITI ES * 3 ,* 3. 4. 1 10 -6 8 1 1 - 6 8 1 2 -6 8 *.6 3 . ft 1 - 69 117.7 n-n 117.7 ? 112.4 112.8 4.3 113.7 113.8 4.3 114.2 1-5 1. 1 1.4 3.7 4.3 4.8 4.9 5.0 4.3 4.3 3. A 3. 3 1 .A 1 _Q 4-* 4.9 5.0 5. 1 4.6 4. 8 2- 69 3-69 4-69 5-69 6-69 7- 69 8-69 9-69 10-69 INITIAL 114.6 5.4 115. 1 1 1 - 6 9 12 - 6 9 MONTH *— NOT SEASONALLY ADJUSTED WHOLESALE PRICES - I N I T I A ! ... MONTH TFBMINA1 MONTH A- A ft 7-68 16.7 8-6 8 -1.7 Q-Afl 7. 7 7—Aft 9-16R l n- j SR 1 1 - 6fl 1 7-<SR ft-Aft i n.s -7. 1 -1.7 - 1?. 5 -3.0 2.2 - 1 .6 10 .5 ] 7—Aft 0.7 -7-7 7.0 -0 . 7 .7 S—AQ A- AQ 7-69 8-69 9-69 10-69 11-69 12- 69 107.4 108.3 1. 1 108.4 1-69 _ 2.9 0.7 4*_7.... 1 .4 9.? R.6 16 .6 2- £9 2 .8 n, 4-1 1. 1 7 .4 A .4 9. ? q ft 10 9 . 8 110 .0 7. ? 7 6 .R fl . R 5 •n 7 .9 4.5 .7 6 .6 5 .9 7. 1 4. l 5 .0 5.2 ft.n 7. 7 1 0. 9 1 1 .0 13 . 1 12 ■ ? 15 .8 19. 9 . 4 0 . 7 A. 1 ft.ft R .6 1 1. 5 11 . 7 1 3 .5 1?.9 1 5 .8 18. 5 27 . 6 15. 8 5.6 7.9 7 .7 1 0.2 10. 1 11 . 5 1 0. 7 1 2 .4 1 3. 6 17.7 7.6 0.0 7 .6 R. 5 8. 7 10. 3 1.8 -4.6 -9.0 6. 6 7.5 0.5 -4.1 - 6.1 -3. 1 -4. 1 - 1.6 0.0 3.9 7.6 "3—A Q l - ft 4-69 3. 2 __ 1^8 ...... .6 -. 2 , 4- AQ 1 0 8. 6 7 7-A9_.-........6 . 4 1—AQ 107.7 -4- 1 0. 7 A- AQ 7 - 69 19 57- 59 = 100 -17.1 10 -68 -¿*2 1 - i S9 4. 3.9 110.7 7. 2 110.9 114. 1 115. 5 115.5 8- 69 5.2 _4*.4 A.4 6.0 R. 1 7 .8 ft . 7 Q- AQ 4.A l.ft 5. A 5 .2 7 •n 6. 7 7. 3 6 .2 6 .8 1 0 - 69 4*3 1. A 5.7 4. P 6 .4 6. 1 6.6 5 .5 5 .9 5. 6 6. 2 0.4 -3.1 1 1- 6 9 5.0 4*3 5.9 5. 6 7. 1 6 .8 7. 4 6.5 7 .0 6. 9 7. 5 2.8 0.4 1 7— AQ 5. 1 4. 5 6.0 5. 7 7 .1 6. 9 7,4 6 .6 7 .0 6, 9 7. 5 3.5 1 .6 1.9 4.8 7.6 11. 5 7.5 1-70 5.9 5. 1 A. 6 .6 R .0 7 .8 ft . 3 7.7 R 8. 2 8.9 5.4 4.0 4. 7 7.7 10 .6 14 . 4 13.7 6-68 7-68 1 1 - 68 1 2 - i 68 l - < 69 3-69 4- 69 5-69 6-69 7-69 8-69 9-69 10-69 ft 8-68 9-1S 8 10 -<SB 2 - 69 INITIAL * NflT LOUI S 109.4 11-6 8 5-69 FARM PRODUCTS, PREPARED BY FEDERAL RESERVE BANK OF S T . FEBRUARY 20 , 1970 AND PROCESSED FOODS AND t-EEDS* 11 4. 6 0.5 1 1 4. 3 114.3 15.7 11 5 . 7 11 6 . 4 2 0 .2 118. 7 11-69 12-69 MONTH SFASDNAI 1 Y ,&DJUSTED PREPARED FEBRUARY BY F E D E R A L 20, 1970 RESERVE BANK OF ST. LOUIS 15 General Price index* Ratio Scale 1958=100 Ratio Scale 1958=100 1962 1963 1964 1965 1966 1967 *As used in N a tio n a l Incom e A cco un ts 1968 1969 1970 S ource: U.S. D epartm ent of C o m m e rce Percentages are annual rates of change between periods indicated.They are presented to aid in comparing most recent developments with past "trends.” Latest d a ta plotted: 4th quarter P re p a re d by F e d e ra l Reserve Bank of St. Louis IMPLI CI T PRI CE DEFLATOR FOR GROSS NATI ONAL PRODUCT COMPOUNDED ANNUAL RATES OF CHANGE QUARTER INITIAL TERMINAL ÒUAfrTÉR 1-65 2-65 3-65 4-65 7-65 1.8 3-65 1. 5 1. 1 4- 65 1.6 1.5 1-6 6 7.0 2. 1 2.5 3.3 7- 66 7.4 2.5 3.0 3.6 1 -6 6 2 -6 6 3-66 4-66 1-67 3-67 7-67 1-68 7- 6 8 3- 68 4-68 1- 6 9 2-69 3-69 110. 7 lll.O 11 1. 5 1.8 112.4 1 1 3. 5 4.0 1 1 4. 5 3- 66 7.6 7.7 3.2 3.6 3.8 3.6 4-66 2.7 2 .8 3.2 3.5 3.6 3.4 3.2 1- 67 7.7 2 .8 3. 1 3.4 3.4 3.7 3.0 2.8 7-67 7.7 2 .8 3.0 3.2 3.2 3.0 2.8 2 .6 3- 67 2 .8 2.9 3.1 3.3 3.4 3.7 3. 1 3.1 3.3 4.2 3.3 3.5 3.5 3.4 3.4 3.5 3.7 4.3 4.5 4- 67 1958 * 100 4-67 3.0 3. 1 11 5 . 4 11 6 . 2 116.9 2.4 118. 1 11 9. 4 12 0. 5 1 —68 3.9 3.1 3. 3 3.5 3.5 3.5 3.5 3.5 3. 7 4.1 4. 1 3.7 7- 6 8 3. 1 3.2 3.4 3.6 3.6 3.5 3.5 3.6 3.8 4. 1 4. 1 3.9 3- 6 8 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 4.0 4-68 3.7 3.3 3. 5 3.7 3.7 3.7 3.7 3.7 3.9 4. 1 4.1 4.0 4. i 4.2 4.3 4.3 4.4 4.6 12 1. 7 4.0 172.9 12 4 . 2 125.7 1- 6 9 3.3 3.4 3. 6 3. 8 3.8 3.8 3.8 3.9 4.0 4.2 4.2 4.2 7-69 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 4.8 5. 1 5.2 4.1 4. 1 4.3 4.5 4.5 4.5 4.6 4.8 5.0 5.2 5.3 5.4 4.1 4.2 4.3 4.5 4.5 4.5 4.7 4.8 4.9 5. 1 5. 1 5. 1 4.7 3-66 4-66 1-67 7-67 3-6 ^ 4-67 1 -6 8 2-68 3-6 8 4-68 1- 6 9 ?-69 3-69 3—69 3.6 3. 7 3.8 4. 0 4.0 4.0 4-69 3.6 3.7 3.9 4.0 4.1 4. 1 Î -65 7-65 3-65 4-65 1 -6 6 2 -6 6 INITIAL 4.9 12 7. 3 129. 0 13 0. 5 tDUARTER PREPARED FEBRUARY BY F E o E R A L 13,1970 RESERVE BANK OF ST. LOUIS Inventories Compared With Monthly Sales* *Ratios based on seasonally adjusted data. Source: U.S. Department ot Commerce Shaded areas represent periods of business recessions as defined by the National Bureau of Economic Research. Latest data plotted: December preliminary Prepared by Federal Reserve Bank of St. Louis
@FedFRASER