Full text of National Economic Trends : February 1980
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nnnonoL P R E P A R E D M O N T H E N D IN G : B Y R e t a il in c r e a s e s in c e o v e r a s a le s d e c lin e in m illio n a n n u a l y e a r in ST . L O U IS h o u s in g 1 9 8 0 , w e re a r a te 2 .4 ro s e in o f 1980 in a p e rc e n t 1 0 .9 Ja n u a r y , o f u p th e fa c e 198 0 to m illio n . r a te U .S . p a c e in 6 .8 th e o v e r a ll Ja n u a r y p e rc e n t 2 9 , s e c to rs , th e o c c u rre d d o w n 1 9 7 9 r e g is te r in g in p o s tin g a ls o p r o d u c tio n w h ic h F e b r u a r y e r o s io n p r o d u c tio n in D e c e m b e r g ro w , a n d s e r io u s Ja n u a r y in c r e a s e th e to O F 0 .8 o f a a 6 .0 P a y r o ll in c r e a s e fro m a a g o . P r ic e s g o o d s e a r lie r . T h e B u re a u g o o d s " p ro d u c e r p r ic e s ta g e o f d e m a n d e rs a s s o c ia te d th e th e e a r lie r s ta g e s L a b o r S in c e a ll o f th e it w e re u p (B L S ) c o n s id e r s th e f in is h e d g o o d s T h e in d e x , B L S p ro c e s s b e h a v io r o f fo o d (i.e ., to a r e to p r ic e s b e s o ld d o u b le - c o u n t in g w h ic h in c lu d e s a t e a c h a n d s ta g e to th e o n ly fin a l p r o b le m s a t a ll in d e x e s fo r c ru d e o f th e a t p ro d u c ts c o n s tr u c tin g in te r m e d ia te fo r y e a r c o m m o d itie s ” a v o id s b e g a n a p r e p a r in g " a ll m e a s u re s th a t p r ic e s fro m b e g a n th e in d e x a ls o p r ic e s P ro d u c e r p e rc e n t r e c e n tly s u p e r io r p ro d u c e rs )— it p ro c e s s . ra te s . 1 3 .0 p r o c e s s — c o m m o d itie s a n d p r o d u c tio n th e d o u b le - d ig it a n d c o m m o d itie s p r o d u c tio n is o la tin g a t S t a tis tic s w h ic h p r o d u c tio n th e r is e Ja n u a r y c o n s u m e rs w ith o f o f in d e x . to in in d e x , (b o th s ta g e s a s c o n tin u e ju m p e d " f in is h e d w e ll fro m o f In d u s t r ia l T h is a s s e m b lie s , c o n tin u e d fin is h e d o n e IK a u to m o b ile s ig n s a h e a d 1 9 7 9 . a g o . r a te th e fe w s u rg e d a u to m o b ile e m p lo y m e n t B A trerds R e le a s e d : in sh o w Ja n u a r y p e rc e n t y e a r to R E S E R V E 31, 1980 w e a k n e s s c o n tin u e s a c t iv it y . F E D E R A L Ja n u a r y D e s p ite e c o n o m y E conom ic g o o d s ), a s p r o d u c tio n p ro c e s s . T h e c o m m o d itie s re c e n t fo llo w in g m e a s u re ta b le o f th e w ith p e rc e n t th e c h a n g e fin is h e d C h a n g e in P ro d u c e r (D e c e m b e r to D e c e m b e r) A ll Y e a r g o o d s in th e m e a s u re P r ic e s C o m m o d itie s F in is h e d Go< 1 9 7 3 1 5 .2 % 1 1 .7 % 1 9 7 4 21.0 1 8 .4 1 9 7 5 4 .2 1976 4 .5 3 .3 1 97 7 6.0 6 .5 1978 9 .8 1 9 7 9 1 4 .7 A v e r a g e 10.8 T h e B u re a u s e a s o n a lly a d ju s te d t h is th e p r ic e s y e a rs . P e r c e n t b e c o m p a re s p ro d u c e r is s u e , p u b lis h e d in o f L a b o r a ll o f 9 .2 12.6 9 .8 S t a tis tic s c o m m o d itie s s e a s o n a lly p la c e 6.6 a d ju s te d th e a ll h a s s to p p e d p ro d u c e r f in is h e d c o m m o d itie s p r ic e g o o d s p r e p a r in g in d e x . p ro d u c e r in d e x . th e B e g in n in g p r ic e in d e x w ith w ill a ll in TOTAL C I V IL I A N EMPLOYMENT RATES Qf LHAtfcL— ___IdWASAHttS_ MONTH, _4 k = n i_ of 6-7a 7-78 sZZ 4« 9 _2 .- 7 6 io a-78 9-78 10-fa 11-78 12-7* 1-79 2-79 3-79 »>79__ fcfist-.6-21__ 7-79 PERSONS flrT^L-.fcia IQ— ?9 11-79 12—I V - 3.3__ 2 0_ 9 4 .V 7 4 2 . 7 _____4 0 - ____3 0 ____ S t i . _ ll- 7 tt -1 2 -7 B tZt/Zti - 4 0 ____ 4 0 ____ 4 0 ____ 4 » 2 _ io 2 . 7 ____ 3 0 ____ 3 0 ____ 3 0 ____ ¿ « 7 2 . 9 ______ 3 0 ______3 0 ______ 3 0 »6.1^7 ______3 0 ______ 2 0 _____ 4 0 . 9 6 .4 9 6 -¿-79 Z m L- —¿.-79 2 . 2 ____ 3 0 ------ 3 0 ____ 3 0 ____ 3 0 ____ 2 0 ____ 3 0 ____ 2 0 ____ L O _ ■ _ 3 0 ______3 * 6 3 . 9 ______3 . 3 4 - 7 9 2 . 2 ______ 2 0 ______2 0 ______ 2 0 ______I O W 9 2 .2 _6 = Z2 _ Z r l9 fl- 7 9 1-7^ 10-79 1 1 -7 9 ■ 1 2 -7 9 l-AO 3 .2 ______0 . 4 " I t ? -0-0 -20— 2*0 1 .7 .... I O » > 3 - 2 0 ____ 2 * 4 ____ 2 * 4 ____ 2 0 ____ l O ____ I O ____ 1 .1 ZmZ____ 2 0 ____ 2 0 ____ 2 . 4 ______ I Q 4 .2 00 1 .7 _ 2 * I ____ 2 0 ____ 2 0 ____ 2 0 ____ 2 0 ____ 2 0 ____ U 2 0 2 . 7 ______2 0 ______ 2 0 ______ ¿ . 3 2 * 4 ____2 *2 ____ 2 0 ____ 2 0 2 0 ____ 2 0 _ 2 * 4 ____2 * 1 - 2 * 3 ____ 2 * 5 . » ? 96>495 - 0 .8 2 0 ______ I O 0 * 9 ____ 2 0 ____ 2 0 ____ 2 * 2 ___ t £..2_ . J O ____ 3 *-L_ _ 1 0 ______ L O ______ l O *.2 3 . 6 ____ 2 0 - A 7 Q tL 4 - .1.5% 9 7 «004 97004 fe*4_ 2.3 2 *6 - 2 * 6 ____ 2 0 ____ 2 * 5 ____ 2 0 ____ 2 0 ____ 2 * 2 ____ 2 * 0 ____ l O IQ 2*fr____ 2 * 5 . 2 .2 2 .4 2 .2 2 .2 2 .0 6*78 7-78 8-78 9-78 10-78 9 7 t aQ*i 1 .3 97012. l - a ______2 0 ______ 1 * 2 ______ 2 * 2 ---------3 0 - 1 .9 1 .7 1 .5 1 .3 2 .2 2 .0 2 .1 1 .3 2 .0 0 .9 11-78 12-78 1-79 2-79 3-79 4-79 5-79 6-79 7-79 8-79 9-79 1 .9 9 7 .4 7 4 ______ 2 0 ______ 2 0 ______ 2 0 ______ L * 2 ______ 2 0 ____ - 0 . 4 1*5 2 .0 ____ 2 . 0 . - A O ____ 2 0 1 ____ 1 0 ____ 3 0 ____ 4 0 _ 1.1 ,2*2 ____ 2 0 ____ 2 0 ____ 2 0 ____ 2 0 ____ 1 0 ____ 1 0 _ -20— J .^ 1 .6 1 .2 10-79 11-79 —1 .3 ^ 97,804 12-79 IN IT IA L MONTH PAYROLL EMPLOYMENT OP TfrlUIH UI MONTH IN IT IA L MONTH 6-76 7 —IB 8-78 9-78 10-78 11-78 12-78 U3 A-Tfl 2 .0 2 *7 9-78 2 .1 2 .4 4-79 _______________________________________ __________________________ TunHKAMft* OF PERSONS 3-79 6-79 7-79 *-7 9 9-79 10-79 11-79 12-79 <16.880 &7.03^ 2 *9 3 *6 11-78 3 .3 6 *0 6*5 3 *7 40 - 40 — 5 .iL 1 -7 2 - 3-79 2 .1 10-78 2 -7 V - 2-79 ttto tffc 7-71 ___ 1 2 = Z A ___3 0 - 1-79 4l7t4^4 3 .« 3*9 u 7 .a *o ¿ « f t ___4 0 ______ 88033_ - 3 0 ____ 4 0 ____ 4 0 ____ ± » 2 ____ 4 0 ____ 4 0 ____ 4 0 - ttfrt7UQ _3 a 7 ____ 4 0 ____ 4 0 ____ 4 0 ____ 4 0 ____ 4 0 ____ 3 0 ____ 3 * 7 3 r I2 .. 3 . 8 ______4 0 ______6 . 3 4 . 7 _____ 4 . 5 6 . 2 ______4 . 2 4 .2 *r2 2 3 0 ____ 3 0 ____ 3 0 ____ 4 0 ____ 1 *1 ____ 3 0 ____ 3 0 ____ 2 0 ____ ¿ « 3 3 0 ____3 0 ____3 0 ____3 .3 6 9 .0 3 » 4 . 7 1- 0 0 5— T 9 - 3 0 ____3 0 _ 6 - 7 9 - 3 0 ------- 3*2___ 3 0 ____4*0____3 0 ____3 0 ____3 0 ___ 3 . 3 a .? 2 .7 4 .Q - 3 0 ------- 3 0 ____3 0 ____3*2____3 0 ____3*2____3 .1 2*8 2 .3 3 .1 - -3 0 2 .9 3*2 20 a v jli. - L*2 _ “ 2 .0 % ~ ft=t79. 3 . 4 ____ 3 * 2 ____ 2 0 ____ 2 0 ____ 2 0 ____ 2 0 ____ 2 * 0 ____ 2 . 5 - 3 0 ____ 3 * 1 ¿*9 11-79 2 .8 2 .3 2 *1 1-7 2 .1 1 * 4 ____ Q O _ -0.6- - 3 * 0 ---- 3 0 ___ - 3 0 ____ 2 0 ____ 2 * 2 ____ 2 . 3 2.3 2.2 1.8 2.1 1 .2 - 1.2- 2 . 9 ---- 3 * 0 ---- 3 * 0 ____ 2 . 8 L2-t 2 3 L-riU) _ 1 0 ____ Q O _ 2 .5 3 *2 ____ 3*0 ____ 2 .7 — 2 0 ____ 2 * 7 2 . 3 ____ 2 . 1 - l . f l ____ 2 0 _LO_ 2*5 2.4 2 . 2 ____ 2 *1 2 . A. 2.9 2 .« 3 .0 3 .0 2 -a 2 .A 2 .« 6-78 7-78 8-78 9-78 10-78 11-78 12-78 1-79 1 * 6 ___ 1 * 3 ____ 1.3 - 1*3- 1 .6 ____ L O --------L O 7 .1 2 .0 2 -^ 2-79 3-79 4-79 5-79 1 .7 1 .A 2 .1 7 .S 6-79 7-79 8-79 9-79 7 ..S 2 .% 10-79 11-79 4. l\ 12-79 IN IT IAL MONTH P - P R E L IM IN A R Y PR E P A R E D BY FEOfcRAL R fc S tR V t BANK OF S T . L O U IS PfrftRUARV I . 1 9 M Q ------------------------------------------- 2 E MP L O Y ME N T RATI O SCALE MILLIONS OF PERSONS RATI O SCALE MILLIONS 1 10 OF 1 SEASONALLY ADJUSTED PERSONS I ? 1— I--------- r i ^---------------- “ — * r 1 10 T $ +I.5Z \ 97? 1973 1974 1975 1976 1977 1978 SOURCE: PERCEN TAGES ARE ANNUAL RATES OF CHANGE FOR PERIO O S UTEST DATA PLOTTED* 1979 — 80 — 75 — 70 1980 65 U .S .D E PA R T M E N T OF LABOR IN D IC A T E D . JANU ARY P R E L IM IN A R Y PREPARED BY FED ER AL R ESERV E BANK OF S ' . L O U IS UNE MPL OY MENT R A T E PERCENT S E A S O N A L L Y PERCENT A D J U S T E D 10 0 .0 ). 9 .< 8 .< >. 6 .1 SOURCE: U .S . DEPARTMENT OF LABOR PERCENT OF C I V I L I A N LABOR FORCE L A T E S T DATA PLO TTE D t JANUARY PREPARED BY FEDERAL RESERVE BANK OF S . LOUIS 3 CONSUMER P R IC E TUUH M AL MUNTh __________6=28___7-78___a=2ü___9 -7 fl IQ —7ft I t ^ i a -7b a. 2 i-7 a a^o 9 .* SEASONALLY A DJUSTED 1967*100 ltà lT L A L . MOHIM 12-7ft 1-7Q ?- 7 q 1-7« 4-7Q___i- 2 9 — 6-29— 2=29___8=29___9 -7 0 10-7« 11-70 1 2-7* l* û . IW * . 7 .6 H-ria-----a^7— 1Û-7Ü IN D E X , i<dl.9 a ^ s — U U 2 __ 9^2_ 1 0 .B Z t K i.I 1 1 .A l i ^ i a _____ a ^ j____ 9^3____ 9^.9 - INITIAL MONTH ♦C-FI -W FOR UR BA II WAGE EAR NEKS AND C L E R IC A L WORKERS DATA REVISED FROM 1978. P REPA RED BY F E D E R A L R E S E R V E BANK OF S T * -F-fc&RUARY 22»- I W ifl--------------------------- L O U IS PRODU C E R PRICE INDEX, FINISHED G OODS - SESAONALLY ADJUSTED _________________C O H P O U M O E O A N N U A L R A T E S O F C H A N G E __________________ TERMINAL MONÎH ___________ 6 - 7 8 1967 « I N I T I A L M O N T H __________________________________ 7-78 8-78 9-78 10-78 11-78 12-78 1-79 2-79 3-79 4-79 5-79 6-79 7-79 8-79 9-79 10-79 11-79 100 12-79 7 - 7 8 _____ 9 . 7 8^78 7.35.0 9-78 7.86.9 _______ 8 . 9 ________________ 7,6 11—78 8.2 7.9 8 .8 12-78 9.1 8.9 9.9 10.3 11.0 13.3 1-7 9 10.0 10.1 11.1 11.6 12.6 t 1 4>».6 . _________________ 2-79 10.5 10.6 11.5 12.0 12.9 14.3 3-79 10.6 10.8 11.6 12.1 12.7 13.7 13.9 10 . 6 10.7 11.4 11.8 1 2 .3 10.2 10.2 10.8 11.0 11.4 5-79 9 8.8 2 0 2 .7 14.7 13.7 12.9 12.2 ^ 2 0 9 .4 13.0 13.0 12.0 11.2 10.2 2 1 1 .1 11.8 11.5 10.4 9. 4 8.0 213.*» 9.9 10.0 10.5 10.7 10.9 11.2 10.8 9.9 8 . 9 7.9 7-79 10.3 10.4 10.9 11.1 11.3 11.7 11.4 10.7 10.1 9.6 9.4 8-79 10.6 10.7 11.2 11.4 11.6 11.9 11.8 11.2 10.8 10.5 10.6 9-79 11.1 11.2 11.7 12.0 12.3 12.6 12.6 1-80 12.1 2 1 2 .1 1 3 .2 % - 6-79 10-79 1 9 7 .8 ___ 1 9 9 .2 8.1 4-7 8.9 _______ 10-78 11.2 12.2 2 1 5 .9 15.0 14.6 2 1 8 .3 14.2 11.9 11.9 12.2 13.9 16.1 16.6 19.1 \ 221 .5 2 2 3 .* 11.1 1 1 .2 11.7 11.9 1 2 . 1 ___ 1 2 . 5 12.4 12.0 11.8 11.7 12.0 13.3 14.7 14.6 14.9 10.8 11.4 11.5 12.0 12.2 12.4 12.8 12.7 12.4 12.3 12.3 12.6 13.7 15.0 15.0 15.3 13.4 16.1 1 1 .9 1 2 .0 1 2 .4 1 2 .7 1 2 .9 1 3 .2 1 3 .0 1 3 .0 1 3 .0 1 3 .3 1 4 .3 1 5 .3 1 5 .4 1 5 .6 1 4 .8 1 6 .1 6 -7 8 7 -7 8 8—78 9 - 7 1 1<H78~I 1-78 12-78 1^79 2 -7 9 H 9 4HT9 H 9 6^79 M 9 8-79 9 -7 9 10-79 11-79 12-79 IN IT IA L ft o n jn 1 6 .1 “ P R E P A ftä r B Y ~ F E O E R A L R E S E R V E FEBRU A RY 2 2 , 1980 4 20.7^ BANK OF S T . L O U IS RA TIO SCALE P R I C E S 1967-100 250 240 230 SE A S O N A L L Y UT IO S CA LE : 1967-100 A D JU S T E D 220 210 200 190 180 170 160 150 140 130 120 I¿8 180 170 160 150 140 130 I 20 10 100 1972 1973 1974 1975 1976 1977 1978 1979 1980 ILPM-U fOR ALL URBAN CONSUMERS B f P l - » FOR URtAN VASE CARHER3 AND CLERICAL WORKERS PERCENTAGES ARE ANNUAL RATES OF CHANCE FOR PERIODS INDICATED. * REVISED FROM 1*7«. LATEST DATA PLOTTED« JANUARY PREPAREO BY FEDERAL RESERVE BAItiC OF ST. LOUIS RATIO SCALE 1967-100 PRODUCER P R I C E S RATIO SCALE S EASO N ALLY ADJUSTED 1967-100 PERCENTAGES ARE ANNUAL RATES OF CHANCE FOR PERIODS INOICATEO LATEST DATA PLOTTED: JANUARY PREPARED B r FEDERAL RESERVE BANK OF 5 OUI PRODUCER P R IC E IN D E X , F IN IS H E O CONSUMER FQOOS - SEA SO N A LLY A D JU ST EO COMPQUNOE P ANNUAL R A T ES OP CHAN G E ________________ IN IT IA L J jtR H J N A L 1967 « 100 NONTH________ MONTH 6-78 7-78 8-78 9-78 10-78 11-78 12-78 2-79 1-79 3-79 4-79 5-79 6-79 7-79 8-79 9-79 10-79 11-79 12-79 208.0 z-z® 6.0 8-78 2.6 — 0* 6 9-78 6*3 6*5 14*1 __ 1 0 . 2 _1 1 * 6 18*3 22.6 207.9 210.2 213.8 214.4 11-78 8*8 9*5 13*1 12.6 3.4 12-78 10*4 11*3 14*5 14.6 10.8 18.8 1-79 11*6 12*6 15.4 15.7 13.5 19.0 217.5 220.7 19.2 223*9 2-79 12*5 13*5 16.0 16.4 14.9 18.9 19.0 18*9 3-79 12*9 13*8 16*0 16.3 15*1 18.2 18.0 17.5 16.1 4-79 11.0 11*6 13*2 13.1 11*5 13.2 11.9 9.6 5.2 226*7 225.8 -4.7 5-79 8.7 9*0 10*1 9.6 7*9 8.7 6.7 3.9 -0.7 —6.2 -11.6 6-79 6.9 7*0 7*8 7.1 5.3 5.6 3.5 0.7 -3.4 -9.2 7-79 7.0 7*1 7.8 7.2 5.7 5.9 4.2 1.9 -1.2 -5.1 8-79 7.9 8*1 8*8 8.3 7.0 7.4 6.1 4.3 2*1 9-79 8*5 8*7 9*5 9.1 7.9 8.4 7.3 5.9 4*2 JO-79 _?• * 8.0 8.6 8.2 7.5 6.4 5.0 11— 7 9 8.9 9.1 9.7 9.4 8.9 8.1 7.0 12-79 8*5 8.6 9*2 • ?* 8.0 •*4 7,5 1-80 7*5 _7.6 8.0 7.7 6.8 7.0 6.1 1-79 8.5 223.5 -11.4 -11.2 221*3 — 5.2 -1.9 8*4 -0.5 0.5 4.9 14.0 19.9 2.3 3.8 8.0 15*3 18.8 17.7 3.4 1.7 2.9 6.0 10.8 11.6 7.7 -1.6 5.8 4.5 5.9 9.1 13.7 15.1 13.5 11.5 26.3 6*5 5*4 4*3 5*4 8,1 li.7 12*4 10.6 0.3 13.5 2.1 5.1 4.0 2.8 3.7 5.8 8.4 8.4 6.3 3.6 5.3 -3.8 2-79 3-79 4 —7 9 5-79 6-79 7-79 8-79 9-79 10-79 222*8 226*2 229*3 229.0 233*5 233*9 -9.3 232*0 11-79 12-79 I N I T I A L MONTH PRODUCER P R IC E IND EX • F IN IS H E D GOODS» E XC LU D IN G FOOOS - SEA SO N A LLY A O JU ST ED COMPOUNDED ANNUAL R A T ES OF CHANGE IN IT IA L TERMINAL MONTH 6-78 7-78 8-78 9-78 10-78 11-78 12-78 2-79 1-79 3-79 1967 « 100 MONTH 4-79 5-79 11*4 8-76 8*6 5.8 9-78 8.3 6. 8 7*8 10-76 7.3 6.0 6.1 192.7 7.1 7*5 7.4 10*4 8.1 8*7 9.0 11.4 12.4 1-79 9.4 9 .0 9 .7 10*2 12*1 1 3 .0 ^13^6" 2-79 9 *7 9 .5 10*1 10*6 12*1 1 2 .7 1 2 .9 1 2 .1 s 3-79 9 .9 9 .7 1 0 .3 1 0*7 12*0 1 2 .4 1 2 .4 1 1 .7 4-79 1 0 .4 1 0 .3 1 0 .9 1 1 .3 12*5 I?.** 1 3*1 1 2 .9 1 3 .3 1 5 .2 - & r79____ 10*7 1 0 .6 IM 11*5 12*6 1 3 .0 1 3 .1 » , 9 1 3 .2 1 4 ,1 1 0 .9 1 0 .9 1 1 .4 1 1 .« 1 2 .8 1 3 .1 1 3 .3 1 3 .2 1 3 .4 1 4 .2 ___13._6___1 4 .2 - ? - * » ____ 1 1 .4 1 1 .4 1 1 .9 1 2. ♦ 1 3 .3 1 3 .6 |3 * 9 14*2___ Lf»*?___ j 4 . 9 — 8~7V__ lLt_? lltfr 12tP 196.2 1 3 .8 1 9 8 .3 200*2 2 02 *0 1 1 .3 1?»7 l?t7 13«» 1 2 .0 1 2 .1 1 2 .6 1 3 .0 1 3 .8 1 4 .1 1 4 .3 1 4 .4 1 4 .7 - IQ -7 3 ____ 12*2 1 2 *3 1 2 .8 1 3 .2 1 3 .9 ___ 1 4 ,2 U ,4 j4 ,? 1 ^ , 8____ 1 ? , ? «ta.igjt3-.Utg 13ti Ut9 1 2 * 4 _ 1 2 .9 13*9 13*2 7-78 8-78 9 -7 8 1 5 .3 2 0 4 .4 1 ^ .1 1 4 *3 10-78 11-78 12-78 1 4 *3 1 4 .6 1 4 .9 ¿ 0 6 .5 1 3*0 - 1 5 .6 % - 2 1 1 .6 1 5 ,8 i»t? I*t7 i*t? Ut * ^ 1 5 .3 13*9 1 6 .4 1 5 *3 l> * 9 IS? i*t? H it.fr ifrtft l » t ft 6-78 12-79 194 96 8.7 J i i 10-79 11-79 192*0 8.0 U r J? 9 9-79 4.5 12-78 r I2 _ 8-79 190*8 11-7» _ 9 —79 7-79 ltt* .V 7-7B 6 -79 6-79 1 4 .9 --- ¿ U t7 |6 .0 1 9 * 5 ^ V . _____ 2 1 6 .9 1 1? « 9 I7 > * i?t? ISO 1?*9 IZjlT. 15^5 _ * 4 , ? 11^6 1 5 .1 ___ 1£*3___ 1 + t» -13*8 16.1 16.6 16.8 17*2 17*7 17t7 iQt» 1-79 2-79 3-79 IN IT IA L 4-7 9 5-79 6-79 7-7 9 8 -7 9 2 2 1 .7 1 4 ,4 19*6._19*J .- 23t4 _33^\ 9 -7 9 10-79 11-79 12-79 MONTH PREPA REO 8Y F ED ER A L R E S E R V E BANK OF S T . FEBRU A RY 22* 1980 6 2 2 4 .2 L O U IS I N D U S T R I A L P R O D U C T I O N RATIO SCALE RATIO SCALE 1967-100 1967-100 SEASONALLY ADJUSTED P ER C EN TAGES ARE LA TEST P LO TTE D t D A TA ANNUAL R A TES JA N U A R Y OF CH ANGE FO R P E R IO D S IN D IC A T E D . P R E L IM IN A R Y PR EP A RED BY FED ER A L RESERVE BA N K OF S T. L O U IS IN D U ST R IA L. PRODUCTION COMPOUNDED ÂfcHüAL R A Î t S OF CWAM£ET ItK M IN A L MONTH I n I T I a l Mo n î h ~5=W"'7-Nf è-75 4-7 16-7*ï ï - 7 i ài-7ft 1-7? ¿-79"3-?$_ 4-7S 1 W » 5 -7 *'6 -*> 7-7* 100' #^79"_ 4-79 1&-7* 11-7* 12-79 1 4 Î. 1 ~ 0 *1 7 .0 7 .0 6 .3 7 .6 7 .3 1 4 8 .0 1 4 9 .7 7 .3 7 .2 1 .5 12—76 7 .« 7 .9 8 .7 6 .1 5 .8 2-7 V 5 .« 5 .5 3 .4 2 .9 4 .3 4 .0 4 .4 4 .1 4 .2 3 .9 3 .5 3 .2 2 .8 2 .4 3.«» 3 .1 11- ? V 12-7V 6 .0 6 .0 5 .4 2 .6 1 .5 3 .6 2 .9 1 5 0 .6 1 0 .0 1 5 1 .6 3 .6 1 5 1 .5 1 5 3 .0 0 .3 - 1 .8 2 .4 3 .4 1 .5 0 .9 - 2 .3 1 .2 - 1 .0 7 .4 1 .7 1 .3 - 0 .4 5 .4 - 0 .2 0 *1 - 0 .5 - 2 .2 1 .6 - 2 .1 - 3 .9 -9. 0 .5 0 .9 0 .5 - 0 .8 2 .6 0 .0 - 0 .5 - 1 .6 6 .» 0 .2 - 0 .9 1 .9 - 0 .3 - 0 .8 - 1 .6 2 .4 - 1 .6 0 .1 - 0 .9 1 .5 - 0 .4 - 0 .8 - 1 .4 1 .3 - 1 .2 - 0 .8 1 .5 - 0 .1 - 0 .4 - 0 .8 1 .4 - 0 .3 0 .4 1 .6 0.1 -0.1 1 .8 1*3 2 .% 2 .8 2 .4 1 .7 1 .2 0 .3 2 .5 2 .2 1 .5 1 .0 0 .2 0 .5 0 .3 0 .6 2# 41 2 .2 1 .0 2 .2 1.2 7-76 8-7 8 9 - Ï8 - 4 . 6 - 1 6 .0 1 .1 l. l 2Tb 6-78 - 2 .0 10-78 1 1-78 12-78 1-79 0 .2 - 0 .6 0 .5 - 0 .2 2 -7 9 3-79 IN IT IA L 1 3 .5 1 .6 152 .8 0 .3 4-79 1 5 2 .6 n O .5 % 5-79 6-79 7 -7 9 8-79 1 5 2 .4 1 5 2 .2 1 5 2 .3 P 3 .2 1 5 2 .7R 9 -7 9 1 0-79 11-79 12-79 MUNTH PRfcPA Utü 8 Y FfcOfcRAL RfcSfcttVfc BANK OF S T . L O U IS FEBRU A RY 15« 1980 7 P E R S O N A L R A TI O SCALE TRILLIONS IN C O M E MONTHLY TOTALS AT ANNUAL RATES OF DOLLARS SEASONALLY R A T I O SCALE T R I L L I O N S OF DOLLARS ADJUSTED SOURCEt U .S . DEPARTMENT OF COMMERCE PERCENTAGES ARE ANNUAL RATES OF CHANGE FOR PERIODS INDICATED. LATEST DATA PLOTTEOt JANUARY PRELIMINARY PREFAREO BY FEO ERAl RESERVE BANK OF S . LOUIS PERSONAL IHCtmt coNPQUNOfeo mmmt m i i s of c t w m __________ INITIAL NONTW T »*« MOUTH 6-76 7—70 IV,» 6-76 13,6 V—76 12,7 10-1« 14,1 1 -lb d-T> 9-76 10—76 i W > 12-76 W 9 Z-W 3-7» W 9 _______ 5-W 6-79 T-T» B»W AILLIONS OP OCULAR* ANNUAL RATES »-T9 10-79 U » T t 42-79 1»730,0 6,1 1>741,3 _ 1»7*0,1 10,7 12,3 U,» 1#761,0 16,» A»601,4 11-76 14,2 12,9 14,3 16,» 1»,6 12-76 14,9 14,0 13,5 1T,1 16#» 16,3 1-7V 13,4 12,4 13,3 14,0 12,3 11,» 2-79 13,2 12,3 13,0 13,5 12,3 11,6 6,4 3-79 13,3 12,6 13,2 13,6 12,7 12,2 10,3 »-79 12,6 11,0 12,2 12,5 11,5 10,9 9,1 10,5 9,9 5,7 5-79 12,1 11,3 11,7 11,6 10,9 10,3 6,7 9,7 9,0 6,4 Jè = !l---11^6 11,1 U,4 1,620mb ___ _____________ I f 6 3 4 ,3 11,^^^ 13,0 I f 6 5 1 ,4 14,3 I f 6 7 2 ,1 I f 6 6 0 ,7 7,2 6,93 11,5 10,6 10,1 6,6 9,5 7-79 12,3 12,1 12,2 11,6 11,2 10,2 11,1 10*9 10,1 6-79 12,1 ...11,5 11,6 11,9 11,3 10,9 10,0 10,7 10*5 9,0 10,9 12,1 13,6 6,6 9-79 11,6 11,6 11,0 10,7 9,0 10,5 10,3 9,6 10,4 11,3 12,1 6,6 11,7 11,3 11,5 1»6 9 1 ,0 10.5%- 7,2 A * 9 U > ,1 13,9 1*933,4 "" l*94o,t> 1*960,1 0,7 10-79 12,0 11,5 11,7 11,0 11,2 10,9 10,2 10,6 10,7 10,2 11,0 11,7 12,5 10,3 11,2 13,7 11-79 12,1 11,7 11,9 12,0 11,5 11,2 10,6 11,2 11,1 10*6 11,5 12,2 12,9 11,4 12,4 14,2 14,7 12-79 12,2 11,7 12,0 12,0 11,6 11,4 10,6 11,3 11.3 11.0 11*7 12,3 12.9 11*7 12,5 13,7 13,7 A—60 11,9 11,5 11,7 11,7 11,3 11,0 Il0,5] 11,0 10*9 10,6 11,1 11,6 12,0 10,9 11,3 12,0 11,4 6-76 7-76 6—76 9-76 10-76 11-76 12-76 2-79 3-79 4-79 5-79 6-79 7-79 6-79 9-79 10-79 11—79 12-79 1-79 1,96A,2 2*004,0 _ 12*6"^ 9.6 2*U*»,2 l . o \ ¿*035,6P ) INITIAL NONTH ^ mtlMINARY M Ê P M E O BY FfcOdUL ftfcSfcftVt BA«l UP SI, LUU1S FkBMMRIf 20« 1960 8 R E T A I L R A TI O SCALE B I L L I O N S OF DOLLARS S A L E S SEASONALLY R A TI O SCALE B I L L I O N S OF DOLLARS AOJUSTEO SOURCE* U .S . DEPARTMENT OF COMMERCE PERCENTAGES ARE ANNUAL RATES OF CHANGE FOR PERIODS INDICATED. LATEST DATA PLOTTED: DECEMBER, JANUARY ADVANCE ESTIMATE PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS ----------------- KL T A l L S A L C S --------------COMPOUNDED ANNUAL HATES OF CHANGE TERMINAL M O N T H ----6-78 7-7» 8-7« INITIAL MONTH 9 -7 8 10-78 1 1-78 12-78 1-79 2-79 3-79 4-79 M ILLIO N S OF DOLLAR!------5-79 4 -7 9 7-7» 8-79 9 -7 9 1 0-79 11-79 1 2 - 7 » 46*224 4 .6 67*303 8 -7 8 1 2 .8 2 1 .* 13.5 18.1 14.9 10-78 1 4 .3 1 7 .7 1 5 .8 1 6 .8 11-78 1 5 .9 1 8 .9 1 8 .1 1 9 .7 2 2 .7 12-78 1 5 .6 17.-» 1 7 .0 1 7 .7 1 8 .2 1 3 .8 1 1 .4 6 .1 68*085 ¿- T V 1 3 .0 1 4 .5 1 3 .1 1 2 .7 2 -7 9 1 2 .0 1 3 .0 1 1 .7 1 1 .0 3 -7 9 1 2 .5 1 3 .5 1 2 .» 1 2 .0 9 .9 1 0 .5 5 -7 9 9 .V 1 0 .* 6 -7 9 8 .V 9 .2 7 -7 9 68*971 70*158 70*918 7 0*855 5 .6 1 .7 1 1 .0 8 .3 6 .5 7 .1 4 .2 9 .2 5 .1 71*122 7 2*045 1 0 .5 2 .9 71*366 2 .1 - 1 0 .7 3 .4 - 1 .1 9 .6 71*9 14 8 .1 7 .3 6 *2 4 .1 2 .5 3 *2 2 .9 - 1 .3 3 .7 8 .2 7 .6 6 .6 » .8 3 .5 4 .3 4 .3 1 .4 5 .7 3 .9 71*803 9, 7 2*3 70 8 -7 9 1 1 .4 1 1 .9 1 1 .1 1 0 .8 1 0 .2 8 .9 8 .3 9 .7 1 0 .6 9 .4 1 5 .1 1 7 .0 2 7 .7 4 8 .5 #4*794 9-7» 1 3 .1 1 3 .7 1 3 .1 1 3 .0 1 2 .7 1 1 .7 1 1 .5 1 3 .1 1 4 .4 1 4 .0 1 9 .7 2 2 .4 3 1 .8 4 4 .3 7 6 *9 2 » 1 0-79 1 0 .8 1 1 .2 1 0 .5 1 0 .2 9 .6 8 .5 8 .0 9 .0 9 .6 8 .6 1 2 .3 1 2 .8 1 6 .8 1 9 .2 75*611 11-79 1 1 .0 1 1 .3 1 0 .7 1 0 .4 9 .9 8 .9 8 .5 9 .5 1 0 .1 9 .3 1 2 .5 1 2 .9 1 6 .2 1 7 .8 7 6*4 2 7 1 2-79 1 0 .7 1 1 .0 1 0 .4 1 0 .1 9 .7 8 .7 8 .3 9 .7 8 .9 1 1 .7 1 2 .0 1 4 .4 1 5 .4 1 1 .7 1 2 .0 1 1 .5 1 1 .3 1 1 .0 1 0 .2 9 .9 1 0 .9 1 1 .4 1 0 .9 1 3 .6 1 4 .1 1 6 .6 1 7 .8 1 2 .5 "5=7B— 7-78 ~8-7B— 9-78 ID-78 1 I - 7 B 1 2 - 7 B — 1-79 2-/9 3-79 4-79 5-79 6-79— 7-79 8-79 - 0 .6 » .» 6 .4 1 6 .4 76*80 9 P 1 7 .8 3 0 .8 5 = 76* 545E 9-79 1 Ö - 7 9 H - T » 12-79 -- INITIAL PHJNTH— P — P R E L IM IN A R Y fc- E ST IM A T E D P R EPA R ED BV F E D E R A L R E S E R V E BANK OF S I . FEBR U A R Y 12* 1980 9 L O U IS HOURLY COMPENSATION» P R IV A T E B U S IN E S S SECTOR ______COHPOUNOEO ANHUAk J U DES OF CH.AjjQE__________ TERM IN A L QUARTER __ 1—75 IN IT IA L 2-75 3-75 4-7 5 1-76 2-7» 3-7 6 4 -7 6 1-77 1967 *..JLOO_ QUARTER________ 2-77 3-77 4-77 1-78 ¿- 7 8 3-78 4-7 6 1-7 9 2 -7 9 3 -7 9 .2 % JE r lS i= IL 186.5 _2 *2 ____ ft*fi_ - 4 r?5 -L-7 » 8# 3 9 .6 -2.-I9 8 . 4 ____ 9 . 4 1 0 .5 l-V3>3 J« T -£*4-- h i---2x2___ SxZ___ &*4_ -3r?fr A = I6 _ 8 .5 9 .1 9 .2 8 .7 8 .7 A-77 8 .5 9 .0 9 .0 8 .6 8 .6 m -1*2 --- _________________ 8±1_ _ L t 5 ____ I t J ____ 7 * 2 ____ 6 4 _2--? 7 8 .3 3-77 4 -7 ? 8 . 6____ 8 .2 _ft*fi____ 6 *3 ____ 8 .2 7 .9 7 .8 ±3,. 2 0 3 .6 7 .6 -8.7%- 7 .7 7 .5 2 1 5 .3 7 *3 7 .0 _2 1 8 ^ 5 _ _ A s J_ -ft*3--- fttA --- ft*5____ ft*3____ ft*2____ 8 *2 ____ ft jii____ 1 *2 ____ ________ 8 . 4 1 0 .9 -8»? 3-78 8 .3 8 .6 8 .5 6 .3 6 .3 8 .3 8 .2 8 .1 4-78 8 .3 8 .6 8 .5 8 .4 8 .3 6 .3 8 .2 8 .2 6 .5 8 .5 1-79 8 .5 __8 .7 8 .7 6 .6 8 *6 8 .6 8 .5 8 .6 8 .9 8 .9 2-79 6 .6 8 .8 8 .6 8 .6 8 .6 8 .6 8 .6 8 .6 9 .0 9 .0 3-79 8 .6 8 .6 8 .6 8 .7 8 .9 4 -7 9 8 .5 8 .7 8 .7 8 .6 8 .5 8 .5 8 .5 8 *5 2-75 3-75 4-75 1-76 2-76 3-76 4 -7 6 1-77 8 .5 9 .2 2 3 3 .6 8 .5 8 .9 8 .5 2 3 6 .4 9 .2 9 .6 9 .8 1 1 .2 9 .2 9 .5 9 .6 1 0 .2 9 .0 9 .1 9 .4 9 .4 9 .7 9 .0 8 .7 8 .8 8 .8 8 .9 9 .0 9 .0 9 .1 6 .4 8 .0 2-77 3-77 1-78 2-78 1 00 1 8 .6 4-78 1-79 2 -7 9 IN IT IA L 8 .6 4 2 4 4 .6 2&Qa3 2 5 5 .6 3 -7 9 QUARTER OUTPUT P ER HOUR OF A LL PER SO N S» P R IV A T E B U S IN E S S SECTOR _______________ COHPOUNOEO ANNUAL R A T ES OF CHANGE__________________ 1-75 2-75 1-76 3-75 2-7 6 3-76 4-7 6 1-77 2-77 3-77 4-77 1-78 2-78 3-78 4-78 1-7 9 2 -7 9 3-79 T ^ - ,9 .5 % 2-75 3-75 4 -7 5 1967 « 100 I N I T I A L Q U A R T E R _______ ________ _________ TERM DIA L QUARTER 9 .5 . l-7jfe_ 7 .3 X S«4 llj.7 -= Z m£ 1 _ 5 * S ____ 4*1 ____ 2 * 3 _ 1 1 6 .2 4 .4 Z rlS t- _4*5___ id i___ 2*fi___ 3jl 5___ L±£_ 4 -7 6 _ 4 * i ____ 2*1____ 2V0____ 3*1____ 1 ^ _ A - 1 2 _____ 4 U ____ 3 U ____ £ a 4 _ Z-1JL- 3 .4 2 .4 1 .7 3 .6 3 .4 1 .7 2 .3 1.4%- 1 .4 1 .5 1 1 V .4 2 .7 2 .2 2 .8 2 .1 2 .2 2 .3 4-_77_ _3 *1 ____ 2 .2 1 .7 2 .2 1 .5 ____ 1 .5 1 .4 1 .4 0 *3 1-78- -2*2___ LL?___ l*± ___ U fi___ LO ___ U 1 ___ L tfi___ 9*9 ~9t I 2-78- _ 2 * I ____ 1*5____ 1*4 ____ 1*JL_ l i e .8 _ JJ JL a 4 _ 1 1 9 .0 _ 1 * 2 ____ 1*1____ 1 * £ ___ Q jtlL _Q»3 - 1 .1 9 ^ 7 . 3 -1 8_ ¿ * 6 ____ 2 » 0 _1 »5 U * 5 ____ 1*3____ L * 3 ____ 1*3____ 1*2____ Q t ? 4-7 fi _ 2 *5 ____ l* f i_ 0*4. _JL*fi___ 1*2___ 1*2___ 1*2___ LO ___ Ö*£___ 1*1___ fi*3___ ö±fi___ L±6___ L*3_ 1-7.5 _ 2 *1 ____ 1*5____ 1*1____ 1 .4 0 .9 0 .6 0 .7 0 .6 -1 1 9 .6 0 .5 - 0 .3 0 .1 0 .4 - 0 .1 - 1 .3 - 3 .0 - 0 .1 ____ 0 .1 - 0 .6 - 0 .3 - 0 .1 - 0 .7 - 1 .7 _ - 2 * JL - 2 .2 0 .2 1 1 6 .V ^ T -1 . 8 % 2-79 1 *9 _1*3____ 0 *5 ____ l± l____ Q*fe____ ft* é ____ 0 *5 ____ 0 . 3 3 -7V_____ 1 *2 ____ 1*1____ fi*2 ____ 0 *5 ____ 0*5 ____ 0 * 4 ____ 0 *3 ____ 0 . 2 _ ! * £ _____1 *0 ____ 0 * 2 _____f i* Ji____ 0 * 4 ____ 0 . 3 1-75 2-75 3-75 4-75 1-76 2-76 0 .2 ____ 0 .1 3-76 4-76 - 0 .2 - 0 .0 - 0 .7 - 0 .5 - 0 .3 - 0 .8 - 1 .6 - 0 .3 - 0 .1 - 0 .7 - 0 .5 - 0 .4 - 0 .8 - 1 *4 _ 1-77 2-77 3-77 4-7 7 1-78 2-78 3-78 IN IT IA L 4 -7 8 - lt t t _ _ u a .z -1«3^ _ U 2 * JL _ 1 .5 - 1 .0 - 0 .7 1-7 9 2 -7 9 3-7 9 1 1 7 .b QUARTER PR E P A R E D BY FE D E R A L R E S E R V E BANK OF S T . FEBRU A RY 2 7 . 1960 10 L O U IS PRODUCTIVITY, COMPENSATION, AND LABOR COSTS RATI O SCALE RATI O SCALE 1967-100 SEA SO N A LLY 1967-100 A D JU S T E D SOURCE: PERCEN TAGES ARE ANNUAL LATEST P L O TTE D : D A TA R A T E S OF CHANGE FOR P E R IO D S 4TH U S. D E P A R TM E N T OF LAB OR I N O IC A T E O . OUARTER PREPARED BY FED ER A L R ESERVE BANK OF i L O U IS U N IT LABO R C O S T S t P R L V A IE B U S IN E S S SECTO R CO M PO UNDED A N N U A L R A T E S OF CH AN G E IN IT IA L T E R M IN A L 196? « 100 O UARTER QUARTER 1 -7 5 2 -7 5 2 -7 5 3 -7 5 4 -7 5 1 -7 6 2 -7 6 3 -7 6 4 -7 6 1 -7 7 2 -7 7 3 -7 7 2 -7 8 4 -7 7 3 -7 0 4 -7 8 1 -7 9 2 -7 9 3 -7 9 1 1 6 0 .2 1-76 3 .4 4 .9 7 .2 5 .1 5 .6 7 .1 6 .0 6 .4 5 .4 1 7 3 .8 7 .1 6 .1 -7.0%- 5 .7 175. * 5 .8 6 .0 5 .5 5 .7 6 .5 6 .3 7 .1 7 .0 5 .9 6 .5 m 6 .9 6 .3 5 .8 6 .1 6 .1 5 .7 8 .2 8 .0 1 0 .5 1 2 .8 6 .9 1 9 2 .1 6 .9 7 .0 6 .9 6 .9 6 .9 7 .5 7 .3 8 .3 8 .4 6 .2 7 .0 7 .0 7 .1 7 .0 7 .6 7 .4 8 .3 8 .3 6.8 8 .4 9 .3 9 .5 8 .7 9 .7 1 1 .3 I 8 .8 8 .8 9 .6 9 .9 9 .3 1 0.2 1 1 .4 1 3 .2 II. 8 .9 9 .0 9 .7 1 0.0 9 .5 1 0.2 1 1 .2 1 2 .2 1 1 .1 8 .9 9 .5 9 .7 7 .3 7 .6 7 .7 7 .2 7 .8 7 .6 8 .0 8 .0 7 .4 8 .0 7 .8 8 .1 8 .2 8 .3 8 .4 7 .4 8 .0 7 .8 8 .1 8 .1 8 .3 8 .4 3 .2 7 .0 7 .5 — 6.6 5 .8 3 = 2 5 ----- * = 1 3 ----- 1 = 2 6 ----- 2 = 2 6 ___ 3 - 7 fc 4 - 5 .8 7 1-TT 7 .3 Jl.1 % 1»-*1 ? - 7 7 ___ -------------- * = 1 2 ----- 1 = 2 8 ___ 2 = 2 A ___ 3 - T f l ftV FEBRUARY 27» 11 * .6 4 - 7 B ___ 1 - 7 9 » D f l l l 1980 1 0 .4 9 .1 2 -7 » 3 -7 9 Ü A i* Q fr * 1 . L O U IS GROSS NATIONAL PRODUCT IN CURRENT D O LLA R S CUHPQUNOEO ANNUAL R A T E S O f C H A IS E ________ O lL L lU N S TfcKHlMAl O UARTE* __________________ I M l I l A L J f c M M M __________ ___________ 1 - 7 5 - 4 = 2 5 ______1 3 t 3 2 - 7 » 3 - 7 » 4 - 7 5 1 3 * 7 1 4 .0 U « > 1 4 * 7 _ 2 - 7 » 1 2 .4 1 2 .3 1 0 * 3 1 0 » » * - 7 » 1 1 * » 1 1 » 4 _______2 * 2 ______ 2 * 2 . 4 - 7 » ll> % 1 1 * 1 1 - 7 7 1 1 .9 2 - 7 7 It.Q V 9 * 7 9 .9 1 1 .7 1 0 * » 1 1 * 0 1 1 * 9 1 1 * 0 1 1 * 3 M 4 U \2.o IU 9 4 - 7 6 > .3 1 0 * 1 1 0 * » » > 9 1 1 * 0 1 1 * » 1 - 7 7 1 2 * 5 * » « » - 1 ? »5 1 0 * » 1 1 * 1 1 1 * 7 1 1 * » IO .t 1 1 * 1 1 1 * 3 1 0 * 6 1 0 .0 ______ 1 2 * 0 A 2 jl 0 1 1 .4 1 1 ,» 1 1 .3 3 - 1 1 ______ 1 2 . 0 1 1 * 2 1 1 * 4 4 - I f l ____ 1 2 *1 1 2 *1 ___1 1 . » 1 1 .1 1 1 ,» 1 1 * 3 1 - 7 2 ______ 1 2 . 0 1 2 ,0 1 1 .5 1 1 . 7 1 1 ,5 2 - 7 9 1 1 . 7 1 1 * 7 1 1 ,2 1 1 .4 - 3 = 2 2 ______ 1 1 . 7 1 1 . 7 1 1 .3 -4=12___11.7 11.» 2 - 7 5 9 > 7 1 2 * » 1 0 - » I I ______ 1 1 * 7 1 - 7 » 3 - 7 6 t > l - 2 f l ______ 1 1 * 4 - f c M 2 -7 6 ¿ - 7 7 3 - 7 7 W 7 1 - 7 » 2 -7 » 3 - 7 » W t t 1 - j y ¿ - 7 9 j- 7 9 1 3 * 7 _______2 * 0 ______________ 1 - 7 » - 3 = 7 7 ______ 1 - 7 » O f _____ um i A K S ____ X 1 5 . 4 ^ ^ 19 * 1 1 2 * 3 1 1 * 2 1 0 « 7 1 1 ,2 1 1 ,5 U 1 2 ,4 1 2 « » 1 2 1 3 1 1 ,7 1 1 .6 % - 1 N. 142 _* X 1 0 .3 . l _ 1 2 * » 1 0 , » _______ _______________ 2 * 2 ____________ f t * 5 ____________ 1 2 ,2 1 2 * 2 .1 1 ,2 — 1 9 1 2 * 2 « f t > 1 5 * 3 ^ — 1 2 ,2 12 * > 1 2 ,1 1 2 .0 — 1 2 .5 .1 2 ,0 1 2 ,5 - 1 2 .4 - - 1 2 ,4 ._ 1 3 ,4 1 5 U ____ 1 2 , 0 — 1 4 ,0 ^ 1 4 * 0 1 1 .7 — 1 1 ,? 1 3 ,2 llT t f r 1 2 ,3 1 2 * fe 1 2 , 2 - 1 2 .1 1 2 ,1 1 2 ,0 1 2 ,1 1 2 ,» 1 1 , 1 ____ 1 1 . 4 l l. t t 1 2 .Q 1 1 .» 1 1 .4 1 1 .3 1 1 * 0 ____ 1 2 ^ 5 ____ 1 0 . 7 1 0 .» fl.6 A 1 1 .» 1 1 .2 1 1 .» 1 1 .» 1 2 .0 1 1 .» 1 1 .» 1 1 .4 1 1 .» 1 2 1 1 .0 1 1 .0 9 .7 9 .3 1 2 .0 11*2 11.4 11.2 11.4 11.7 U .9 11.» 11*4-11.4 11.7 12t2 11.0 11.0 9.» 11*4 lo ^ y 3 - 7 » » - 7 » 1 -7 » 2 -7 » 3 - 7 » 9 - 7 » 1 - 7 7 2 - 7 7 4 - 7 7 1 - 7 1 2 -7 » 3 - 7 » 2 - 7 9 3 - 7 9 IN IT IA L GRO SS N A T IO N A L _____ C Q T O U N P f c O 3 - 7 7 mA 1 0 * 6 i o0 . o % - ^ “ 1 JJUl 4 - 7 » . r \ 1 - 7 9 UO ARTER PRO O U CI ANNUAL IN RA T ES 1 9 7 2 O f D O LLA RS C H A N G E ________ b lL U O N S O f ________________ I N I T I A L W A RTfeH________ ________ T E R M IN A L QUARTER annual rates 1 - 7 » 2 - 7 » 3 - 7 » 4 - 7 » 1 - 7 » 2 -7 » 3 - 7 » 9 -7 6 1 - 7 7 2 - 7 7 3 - 7 7 » - 7 7 1 -7 » 2 -7 » 3 - 7 » 4 - 7 » 1 - 7 9 ¿ - 7 9 J - 7 9 -l-tA*2*2— 2 - 7 5 - 3-75. 0 .4 4-15- »•5___ tuut___2*» JL t 2 2 0 *0. . 1 0 ,5 1*227*2 1 - 7 » - _2*5___2*2___» * » 2- 7^ _ _fe*5____ *± 5 ____ 5 * 2 ____ ** 5 _ 3-7» » .9 »*0 1 - 7 7 3-77 » * 0 J..2 » 7 * 4 __ ll^Tftl - » * » » . 7 » .» 2 * » 4 * » 9 * 9 3 * 0 3 * 3 » * 9 »*2 4 * » » * 1 » * 9 i.2»«*l 1*315*7 » .1 »*1 »*» +*»___»*0 »*7 »*» » * 3 » * 7 4 * 9 » * 0 » * » 5 * 4 1*331*2 4.6%“ » * 9 4 t 3 5 3 t9 7 .0 -5*4»__ 5*5__ 5*0__ 5*3__ 4*5__ 4*2__ 5*2__ 5*2__ 9*»__ 4*4__ 2*2_ 4 - 7 7 . it¿ fr i t ? l * .> »? .o 1 -7 » 5*3 5 .2 » .7 4 .9 4 .2 9 .» »* 7 9*9 9 .0 3 .7 2 .1 2 -7 » 5 .5 5*4 »• 0 » .2 4*7 4 .9 »* 2 » .» 4 .1 4 .» 4 .1 5*0 '.V 3 -7 » __ 5*4 »* 3 4 .9 » .1 4*5 4 .» » .0 »• 2 4 .» 4 .» 3*9 4*5 5*9 4 —7 » 5*4 5 .3 4 .» » .1 4 .» 9 .» » .0 5 .2 9 .7 4 .7 4*3 4*» » .» 4 .» » .» 1*9\ 1*395*2 .¿*4V ?*3 . *___ 1*42»aft_ X 1 Aft» . 1.0% 1 -7 9 5 .1 5*0 4 .7 4 .« » .3 4 .» +•6 9*» 4 .3 4 .2 3*7 4 .1 4*6 3 .4 3 .3 2 -7 9 9*7 —4 * » 4.2 4.3 3.9 3 .9 4,0 » .0 3,5 3 .4 2,7 .3*0 3 .2 1.2 1.4._ -0*». 3 . 9 ____ 4 . 0 3.5 3 . 3 ____ U 3 . ---- 3 * 0 ____ 3 * 2 2.2 1 . » ---- & £ ----0 * 4 - - 3 = 2 2 ----- -------- 4 * 5 ---- 4 * J ---- 4 ^ 2 ____ 3 * 1 ____ 3 . 9 “I2-_ 4*4 4.3 4.0 4.1 3.» a.7 a.» 3.8 3.4 3.2 2.» 2.» 1-75 2-75 3-7» 4-7» 1-7» 2-7» 3-7» 4-7» 1-77 2-77 3-77 4-77 - 1*259*5 _».4_ J i l ___ »*» ?- 7 7 10*7 1-7» 2-7» 1 .1 1*4 # t± P ... 1, 4 / ^ . i 1 .4 3 1 * 3 1.9 1.0 0.9 2.» 3-7» 4-7« 1-79 2-79 2.l\ ) 1 . 4 4 0 *2__ 3-79 INITIAL W U M T B t PREPA RED SV f t O U lA L R ES E R V E M M FEBA UA RV 2 0 . 1 9 W 12 O f ST * lO U iS G R O S S R A T 10 S C A L E T R I L L . I O N S OF N A T I O N A L P R O D U C T QUARTERLY TOTAL S AT ANNUAL RATES RATIO SCALE DOLLARS SEASONALLY ADJUSTED T R I L L I O N S OF D O L L A R S .5 .4 .3 2 2 . 2 2 . I . 0 .9 . 8 .7 . 6 1 .5 . 8 .7 . 6 .5 .4 .3 . 2 0 972 973 1974 1975 1976 19 7 7 1978 1979 1980 SOURCE: U.S. DEPARTMENT OF COMMERCE PERCENTAGES ARE ANNUAL RATES OF CHANGE FOR PERIODS INDICATED. L A T E S T DATA P L OT T ED : 4TH QUARTER PRELIMINARY PREPARED BY FEDERAL RESERVE BANK OF S T . LOUIS 13 . 9 G E N E R A L P R I C E I N D E X * RA T I O SCALE RATI O SCALE 1972-100 180 175 170 165 160 155 150 *$. SX M A / y y ' 1972-100 180 175 si* 70.71 --- 170 165 160 155 150 145 145 140 140 135 135 130 130 125 125 +"-6zA 120 120 / / : 15 1 1C +r. n / ì 10 *}.6Z , ¿ 105 1 10 y 105 1 00 100 95 s.------(. — 90 $* 1 t 85 t 1972 »A S USED y Ç: $ 1 § t 1973 IN NATIONAL 1975 1976 1977 INCOME ACCOUNTS LA T EST DATA PLOTTED» ♦ 1978 SOURCE: PERCEN TAGES ARE ANNUAL RATES OF CHANCE FOR P ER IO O S — 1 t t 1974 95 1— U .S . 1979 90 85 1980 DEPARTMENT OF COMMERCE IN D IC A T ED . 4TH QUARTER P R E L IM IN A R Y PREPAREO BY FED ERAL R E SE R V E BANK OF S T . L O U IS IMPLICIT PRICE DEFLATOR FOR GROSS NATIONAL PRUOUC1 ____________ c o m p o u n d e d a n n u a l r a t e s o f c h a n g e ______________ I c k MINAL yUARTEK I- Jfr_ .ar7 g - .ft-J*. * r 7 S _L-7fr 4 - lb _ 3«9 *-JU> 6 .6 2 -7» ?-7ft -*»7ft, 1-77 1- T l 3-77^ »-77 l- 7ft ¿- 79 3-79 +rl* A=l<f ¿-f y 7*3 1 JQ . 1 Y _ ± = I5 _ 4-7^ _ 5 j J>____ _ m «> 0 - 1 3 2 .7 V 4«J* ¿- 7 6 m *» ~ 7 b 5 .5 1-7 V 5 .6 5.5 5 .2 5.0 5 . 4 ____ 5 . 6 6 .0 5.8 5.b 5 .6 5 . 5 ____ 5 . 9 ____ 6 . 1 6 .6 ¿- 7 7 . ? ? - 1 3 6 .> 4 _7.g7_ I4 _ ^ ^ y _ 14irttf^ 147>Qg_ l> jL*»4 LlfrJ* 4 > _ 7*3 2*4^ I i i - 7*6 J * £ ____ 1 % 6 . ?♦» 7 . 6 ____ 1*1____ 1*2____ W V 1-75 7 .0 7 .0 7*0 7 .3 7 .^ 7.1» ¿- 7 5 3-7 5 %—75 1-76 2-76 3-76 M 6.4 9.0 8 . 4 ____ 9 * 0 7 . 9 ____ ________ 8 * 6 JUl 9.0 6.6 ».A 1*2____ ftjuä____ 6 « 6 B.V a.6 9.0 9 . 1 ____ &*2____ tt>l- lfr l.^ U « .V 9 .0 9 *6 8 .6 1 7 0 .7 1 3-78 4-7Ö A - IV ¿- 7 V 7 *V 4-76~ 1-77 1^71 ¿- 7 7 IN IT IA L 4 -7 7 1-78 2-78 9«J__ 4 1 6 J. 6 1 > -?V UUARTER PR EPA R EO 8V PEO EnAt. K E S t K V t 8ANA. Ut- S I . F EBR U A R Y 20* 1980 14 cUOAi PERSO NAL CONSUMPTION E X P E N D IT U R ES I N CURRENT O O LLA R S ____ COMPUUNOEO ANNUAL RAlfeS OF O lA N frfc________ b l L L l U N S UP IL H M IN A L UUARTER __________ 1 -7 » initial ANNUAL K A T E S 2-73 ¿- 7 5 13.1 *- ?5 U *b 1 2 .6 4 r J> ____ 12 * 4 u t l 3-73 1 1 .6 U .3 4 -7 5 2 -1 * 3-76 1-77 ¿- 7 7 *- 7 7 1-78 2-78 3-/8 4 -7 8 1 -T V 1 0 .8 1 0 .3 11*4 1 1 .1 1 0*7 1 0 *4 9 .1 1 0 *4 1 1 .5 1 1 .2 1 1 .0 1 0 .8 1 0 .0 11*2 1-77 II.8 11.4 A O .9 12.0 12.9 > -7» 11.6 11.4 f»4U<jfc£1 2 .0 13.8 A .1 6 V .A 11*1 10*9 AO. 7 10.2 10*9 11*1 A0.6 11.2 H . O 10.8 1Q . 7 10.3 10.8 10.V 10.6 9,0 -± =12____ LL>_4 11*3 11*1 11*0 10.7 11*2 11*4 1 U 3 10.3 12.0 13.4 -l=7fl ---- 1 1 * 2 11 »0 1 0 , 9 ____1 0 . 8 11.0 10.8 AO.A A1.0 11.2 - ¿ T i g ____ ll*j> 11*3 11*2 11.3 11*3 11*4 10.9 11.8 A2.3 11*2 11.» lit? 1 0 . 3 ___1 0 . 9 10*9 11*3 11*7 11.ft U*fl 7 . 3 _____________ 10.3 11*3__A2.2 A2.6 9 . 0 __________ 11.7 l* 2 « 1 .2 A4.4 -Jl*7 ll.fr 2-79 11-3 11-2 11.1 11. A 10.9 11.2 AA.3 AA.2 AO.V 11.3 11.5 11.1 11.6 10.9 10.5 b. 7 3-7V 11.5 11,4 AA.4 AA.3 11.2 AA.5 A1.6 11.5 ll.i 11.8 11.9 11.7 12.1 11.7 1A.6 10.8 AO.5 4-79 11.7 11.6 11.5 AA,5 AA.4 1A.7 AA.8 11.8 11.6 12.0 12.2 12.0 A2.5 _12*2_ 12*2 Al.7 JJL* A A— 7 5 2-75 3-73 4-75 1-76 2-76 3-76 4-76 1-77 2-77 3-77 4-77 A- 7 8 2-78 3-78 4-78 A— ? 9 ..H t 2 - f* ItV ^ it f t — 3-76 >-77 4-77 1 3 .2 4-76 - ¿ - 1 1 ---- U i 3 W 6 n . <> ________ ,4.-76___ 12 . A , ± 2 . ^ 1 2 . 4 2 -7 6 DOLLARS. quarter 12.4 A3.3 A3.A A4.2 A—7 9 A . + 7 a .¥ 1 9 .1 1 * !k/a.6 A», a — 1 4 * 3 l. t S f t l 2-79 3-79 INITIAL QUARTER PERSONAL C O N S U M P T I O N E X P E N D I T U R E S IN A 9 7 2 O O L L A R S C O M P O U N D E D A N N U A L R A T E S O F CHANfrE MILLIONS UF IbKMlNAl QUARTER ANNUAL RAlES A— 7 3 2-75 3-75 4-75 A— 76 2-76 3-76 4-76 1-77 ¿-77 3-77 1-78 4-77 2-78 3-78 4-#6 A— 7 9 2-?9 770.2 2-73 7,0 3— 73 6*0 5*0 W b 6.0 5.5 A— 7 6 6.6 6.5 7.2 8.4 2-76 6.0 5.8 6 .0 6.0 3.6 77V. 7 7VA.1 6,0 ... 8A«*.3 3-76 5.8 5.6 5.7 3.6 4*2 4*7 4-76 5*« 5.7 5.8 5.7 4*8 5.4 a— 824.0 4 .*>•«* 6.2 <»4V*2 77 5.9 5.7 5.9 5.8 5.2 5.7 6.2 6.3 2-77 5.4 5.2 5.3 5.2 4.5 4.7 4.7 4*0 1.« >-77 5.4 5.2 5.2 5. A 4.6 4.8 4.8 4.4 3.4 «>3.1 063./ 4-77 5.7 5.5 5.6 5.5 5.1 5.4 5.5 5.3 5.0 6*6 8.2 A—78 _3.2 5.1 5. A 5.0 4.6 4. 7 4.7 4.4 3.9 4.7 4*4 0.8 b & u .l _2=I9 _5*3 *•1 . 5*1 5*1 4*7 4.8 **• 4 * 3 .... 4.9 4.8 3*2 g g t« * . ¿=14» - 4 r7ft 3*1___3*0__ 4*7___4*-9___ 4 . 8 4.6 4 . 4 ___4*9___ 4 . 8 ___ 3*7___3*2 4.9 4 . 7 ____ 3 * 2 ____ i * 2 ____ ^ lr I9 . 4 *9 2 r lS L _ _4 *4 4»Jk_ -4*4 1*75 2 -7 3 ____ i * 2 ____ i i i ____ fr«i_ 4 * 4 ____ 4 *.2---- 4 * 3 ---- 4 * 4 ---- 3 * 1 ---- 4 * 4 4* 2 _ .,-3— 7 9 _____ ± *£_ - 4 * 4 4-79 bbw *v _ i * 2 _ - i i i ____ 5 * 2 ____ ±*S---- i*ft____ 3 * 0 s * i_ - ¿.a .... 3-79 3 * 9 ____ 4 * 0 ____3 . 9 3 ,7 3 .4 3 .6 ____ 3 * 4 ____ 2*6____ ¿ * 9 ____ 2 jl 3 _ _ 3 * 2 ____ 2 * * _ ---- ±*3---- __________________________3 * * ____ 3 j* 2 ____ 3 * 2 ____ 3 * 3 4*4__ 4*3___ 4*Q____4*fi___ 4*0 3-73 4 -7 3 1-76 2-76 3 -7 6 3*8 3.6 4 -7 6 1-7 7 1*4 -=1.1. -2 * 9 _ 2 ^ 3 ____ Q*Jl____ flj*9.. 3.8___ 3*4___ 3*1___ 3*4 2-77 3-77 4-77 1-78 . Y l^ .U .4*9 -4*62-7 8 3 -7 8 4 -7 8 A- 7 9 2 -# 9 J- IV INITIAL QUARTER PREPARED BY FEDERAL RESERYfc BANK UF ST. LOU AS FEBRUARY 2 0 * A980 15 GROSS PRIVATE OUMESTIC INVESTMENT IN CURRENT D UiLAR S ____________COMPOUNDED ANNUAL RATES OF C H A N fc E ____________ TE R M I N A L MOARIEfc ____________ 1 - 7 5 2-75 3-75 *-75 1-76 2-76 INITIAL QUARTER ANNUAL RA1ES 3-76 *-76 1-77 2-77 3-77 i-T* ________ _____ *-77 ________________ B IL L IO N S OF _____ 1-78 2-7« 3-78 ____ *-78 1— 7 9 2-79 DOLLARS 3 - 7 9 __________________ ... _.Afo*2 *-.?> 35.* 9*. I — W ! ) 2 0 ,1 35*4 - 5 . 5 ____________ 1-76 31,4» *6.7 ¿7.5 72.0 2-76 28.0 38.1 23.2 *0*7 1 5 . 2 ___________ 3-76 2*. 2 31.2 19.0 28.4 li«fl----- ! * S _________________________________________________________________________________________________________________________ 2»6tft *-76 21.7 27.0 16.6 23.0 9 . 9 _____ I * * ____I s ? __________ 1-77 25.6 30,8 ¿2.» 29.0 20.1 21.8 ¿ » . 9 » 6 . 5 ___________ 2-17 26.2 30.9 23.7 29.4 22.2 2 *.il 30.3 *3.2 3 1 . 0 ____________________________________________________________________________ ___________________ 26.8 __________________________________________________________________________________________ 2 1 & * 9 ____ 233,5 ¿»1.9 3-77 25.8 29.9 23.6 28.* 22.3 23»? 28.3 36,0 *-77 23.* 26.8 20.9 2*. 7 19.1 19.7 22.5 26.» L— 18 22.5 25.5 20.1 23.* 18.3 18.8 20.9 23.7 ____ ¿ 3 « » .2 6 « 2 ¿1«* *»♦ ?¿Q.l 19.9 22.5 1A.4 18.^20*3 1 0 * 1 12 * 9 ______ ____ ___ 2 * 0 » * 280,4 2 2 . 6 ___________ 17.7 16.6 ¿9*0 22.2 _ 11.6 1 2 . 2 _____ 7 . 3 17 .* 15 *7 1 7 . 3 ___ 1 4 . 7 >A&„I 1.5 316.* 1 3 . * _____________________________________________________________________ l i L x S L - ¿ 3.6 12.8 3 » . 7 _________ 16.9 352.J 3-Ifl____ 2 2 . 0 2*.* 1 8 . 7 ____ ___________ W f t ____ 2 1 . 6 23.9 19.7 22.0 18.3 18,6 20.0 21.6 17.3 15.1 13,7 16.9 1 8 . 1 _____________________________ _______ 1-79 20.* 22.* 18.* 20.5 17.0 17.1 18.2 19.* 15.5 13.* 11.9 1*.! 1 * . 3 _____ ft*2___U U 1 ____ 3 * 6 ______ 2—79 __________________ 3 7 U . 5 371*3 20.7 22.6 18.9 20.8 17.6 17.8 18.8 20.0 16.5 1*.8 13.7 15.9 16.* 13.9 ¿3.2 395.» — * = Z 2 ____ 1 9 . 2 20.9 17.* 19.1 16.0 16.0 16.8 17.7 1*.* 12.7 11.5 13.0 1 2 . 9 _____ 9 > f l _ J . Q » l ____ 7 . 9 lft« 1 -¿1.1_________________ 3 9 2 * 1 - V J 9 ____ 1 7 . 8 19*3 1 5 .9 17«» 15.0 12«5 1 0 « 8 _____ 9 . 5 1 - 7 5 2 - 7 5 3 - 7 5 * - 7 5 1 » . 5 ____ 1 » « » 1 -7 6 2 -7 6 3 - 7 6 1S«6 4 - 7 6 1 - 7 7 2 - 7 7 IN IT IA L CRO SS P R IV A T E O O N EST1C CO M PO U N D «) 3 - 7 7 10«6 1 Q . 2 ____ 6 * 6 ____ _________________4 « 9 . r 4 « J I 4 - 7 7 1 -7 8 2 -7 8 3 - 7 8 4 - 7 8 1 - 7 9 2 -7 9 .. 381.5.... 3 - 7 9 <Q U A R T E R IN V E S T M E N T » IN U A L 1 2 . 2 ____1 » . 9 356.2 R A T ES M O F 1 9 7 2 D O LLA R S CHANGE B IL L IO N S T E R N IN A iL IN IT IA L Q UARTER ANNUAL 1 - 7 5 2 - 7 5 3 - 7 5 * - 7 5 1 -7 6 2 -7 6 3 - 7 6 4 - 7 6 1 - 7 7 2 - 7 7 2 - 7 5 - 3 .8 3 - 7 5 3 0 .* 7 6 .8 2 * . 8 - 1 1 .9 1 -7 6 2 6 .2 3 8 .2 2 2 .2 6 9 .5 2 -7 6 2 2 .7 3 0 .* 1 7 .8 3 4 .2 9 .5 > - 7 6 1 8 .8 2 3 .9 1 3 .3 2 3 .3 5 .1 0 .9 * —7 6 1 6 .* 2 0 .2 1 1 .3 1 8 .0 * .6 2 .2 3 .5 1 - 7 7 1 9 .1 2 2 .8 1 5 .6 2 2 .0 1 2 .* 1 3 .4 2 0 .2 3 9 .7 2 - 7 7 1 9 .1 2 2 .* 1 6 .1 2 1 .6 1 3 .8 1 4 .8 1 9 .9 2 9 .1 1 9 .3 3 - 7 7 1 8 .7 2 1 .5 1 6 .0 2 0 .6 1* * 0 1 4 .9 1 8 .7 2 4 .2 1 7 .1 1 5 .0 * - 7 7 1 6 .1 1 8 .3 1 3 .2 1 6 .8 1 0 * 7 1 0 .9 1 3 .0 1 5 .5 8 .5 3 .4 * —7 5 3 - 7 7 4 - 7 7 1 -7 8 3 - 7 8 4 - 7 8 1 - 7 9 2 - 7 9 R A T ES 3 —7 9 1 3 3 .3 1 * 8 .9 16 V .9 1 7 3 .8 1 7 * .2 1 7 5 .7 1 9 1 .0 ' 1 9 9 .6 2 0 6 .7 2 0 3 .0 - 7 . 0 1 - 7 8 1 5 .8 1 7 .8 1 3 .1 1 6 .3 1 0 .9 1 1 .1 1 2 .9 1 4 .9 9 .4 6 .3 2 .2 1 2 ,4 1 5 .8 1 7 .6 1 3 .3 1 6 .2 1 1 .* 1 1 .7 1 3 ,3 1 5 .0 1 0 .7 8 .6 6 .6 1 4 .1 1 5 .8 3 - 7 8 1 4 .2 1 5 .7 1 1 .7 1 4 .1 9 .7 9 .7 1 0 .8 1 1 .9 7 .9 5 .7 3 .5 7 .3 4 .8 * - 7 8 1 3 ,6 1 5 .0 1 1 .3 1 3 .* 9 .* 9 .4 1 0 .3 1 1 .2 7 . 7 5 .9 4 .1 7 .1 1 - 1 9 . _ U * 7 1 3 .9 1 0 * * 1 2 .3 8 .5 8 .4 9 .2 9 .9 6 * 6 4 .9 3 .4 5 .6 _ * r!9 0 2 * 5 1 3 .6 1 0 .3 1 2 .0 8 .5 8 .5 9 .2 9 .7 6 .8 5 .4 4 .1 6 .1 3 - 7 9 1 0 .9 7 . 1 7 ,5 4 ,7 3 .2 1 .8 1 -7 5 2 -7 8 1 5 3 .7 2 -7 8 —9 .6 O F H O LLA RS Q UARTER 11.8 .. 1 0 . » 2 -7 5 8 .7 7 .* 3 -7 5 10.2 6.8 8 .7 * -7 5 2 0 9 .U 2 1 ^ .8 - 5 .1 2 1 4 .0 5 .4 0 .6 6 .5 2 1 7 .4 3 .9 0.2 3 .0 4 -R 2 .3 4 .8 4 .0 B .S 3 .1 1 .7 —1 . 0 0 .1 - 2 . 0 -2 .7 - 0 ,4 2 2 1 .7 -1 2 .9 2 1 4 .2 5 .6 5 .3 5 .6 5 .8 3 .2 1 .7 0 .3 1 .2 -0 .2 -2 -7 -2 .2 -4 .3 - 5 . 5 -1 1 .9 -1 0 .9 1 -7 6 2 -7 6 3 -7 6 4 -7 6 1 -7 7 2 -7 7 3 -7 7 4 -7 7 1 -7 8 2 -7 8 3 -7 8 4r-78 1 -7 9 2 -7 9 2 0 8 .1 3 -7 9 INITIAL QUARTER P R EP A R ED B Y F E D E R A L R E S E R V E BANK OF S T . F EBR U A R Y 2 0 . 1960 16 L O U IS ANNUAL In i t i a l 1-75 2 -75 3-75 4 -7 5 1-76 2-76 3-76 4-7 6 1-77 RATES OF C H A N G E U k W lQ N £ - O F DOLLARS quarter 2-77 3-77 4-77 1-78 2-78 * 1 00 COMPOUNDED TERMINAL 3-78 1 -7 9 2 -7 9 3 -7 9 2-75 1 0 .7 > 3 4 .1 3-75 Ï0 v3 — 9#~9 342. ^ 4-75 1 0*7 1 0 .6 1 1 .3 1-76 9 .0 8 .4 7 .7 2 -76 7 .7 7 .0 6 .0 3 .4 2 .7 3-76 7 .4 6 .7 5 .9 4 .2 4 .2 5 .6 5 .3 5 .7 7 .3 9 .0 9 .9 1 0 .9 3 5 1 .5 4 .2 3 5 5 .1 3 5 7 .5 3 6 2 .4 4—76 7 .6 7 .1 6 .5 1 -77 8 .0 7 .6 7 .2 6 .4 7 .0 8 .5 2-7 7 8 .5 8 .2 8 .0 7 .5 8 .1 9 .5 1 0 .9 1 1 .8 1 2 .8 3-77 8 .6 8 .4 8 .2 7 .7 8 .4 9 .5 1 0 .5 1 1 .0 1 1 .1 9 .4 4 -7 7 9 .0 8 .8 8 .7 8 .4 9 .0 1 0 .1 1 1 .0 1 1 .5 1 1 .7 1 1 .1 1 2 .9 1-78 8 .8 8 *6 8 .5 8 .2 8 .7 9 .6 1 0 .2 10*5 1 0 .4 9 .6 9 .7 6 .6 2-78 8 .8 8. 6 8 .5 8 .2 8 .7 9 .5 1 0 .0 1 0 .2 1 0 .0 9 .4 9 .4 7 .7 8 .8 42 0 .3 3 -78 9 .0 8 .9 8.8 8 .6 9 .0 9 .8 1 0 .3 1 0 .5 1 0 .4 1 0 .0 1 0 .1 9 .2 1 0 .5 1 2 .3 440. V 4 -7 8 9 .2 9 .1 9 .1 8 .9 9 .3 1 0 .0 1 0 .5 1 0 .7 1 0 .7 1 0 .3 1 0 .5 9 .9 1 1 .1 1 2 .3 1 2 .2 1-79 9 .0 8 .9 8 .8 8 .6 9 .0 9 .6 1 0 .0 1 0 .1 1 0 .0 9 .6 9 .7 9.1 9 .7 1 0 .0 8 .9 5 .7 2-79 8 .8 8 .7 8 .6 8 .4 8 .8 9 .3 9 .6 9 .7 9 .6 9 .2 9 .1 8 .5 8 .9 8 .9 7 .8 5 .7 3-79 8 .9 8 .8 8 .7 8 .5 8 .8 9 .3 9 .7 9 .7 9 .6 9 .2 9 .2 8 .7 9 .1 9 .1 8 .4 7 .1 7 .8 1 0 .0 4-7 9 9 .5 9 .4 9 *4 9 .3 9 .6 1 0 .1 1 0 .5 1 0 .6 1 0 .6 1 0 .4 10*5 1 0 .2 1 0 .7 1 1 .0 1 0 .8 1 0 .4 1 2 .1 1 5 .4 2 1 .1 1-75 .2-75 3-75 4-75 1-76 2 -7 6 3-76 4-7 6 1-77 2-77 3-77 4-77 1-78 2-78 3-78 4-7 8 1 -7 9 2 -7 9 3-79 4 -7 8 1 -7 9 2 -7 9 3-79 3 7 0 .3 3 8 0 .0 3 *1 .6 INITIAL GOVERNMENT PURCHASES COMPOUNDED ~ 4 l2 .8 ~ ~ 4 1 9 .4 4 5 3 .8 4 6 0 .1 4 6 6 .6 5^8 4 7 7 .8 1-75 2 -7 5 3-75 4 -7 5 1-76 2-76 3-76 4-76 ~ 50l~.2 QUARTER OF- G O O D S A N D S E R V I C E S IN 1972 D O L L A R S ANNUAL RATES OF CHANGE OOLLARS ANNUAL RATES INITIAL QUARTER TERMINAL QUARTER 2-75 4 0 0 .5 1-77 2-77 3-77 4-77 1-78 2-78 3-78 261 . 6 3 .6 2 6 3 .6 3-75 3 .5 3 .4 4-75 3 .3 3 .2 2 .9 1-76 2 .1 1 .6 0 .7 - 1 .5 2 6 5 .7 2 6 4 .7 2-76 1 .1 0 .5 - 0 .5 - 2 .1 - 2 .7 3-76 0 .9 0 .3 - 0 .4 - 1 .5 - 1 .5 - 0 .3 262 «V 4 -7 6 0 .7 0 .3 - 0 .4 - 1 .2 - 1 .1 - 0 .2 1-77 1 .0 0 .6 0 .2 - 0 .4 - 0 .1 0 .8 1 .4 2 .9 2-77 1 .4 1 .1 0 *8 0 .5 0 .9 1 .8 2 .5 3 .8 4 .8 3-77 1 .7 1 .5 1*2 1 .0 1*4 2 .2 2 .9 3 .9 4 .4 4*1 4 -7 7 1 .7 1 .5 1 .3 1 .1 1 .5 2 .2 2 .7 3 .4 3 .5 2 .9 2 6 2 .7 - 0 .2 2 6 2 .6 2 6 4 .5 2 6 7 .6 ¿ 7 0 .3 1 .8 ~ 2 7 Ì.1 ~ 1-78 1 .4 1*3 1 .0 0 .8 1 .1 1 .7 2 .0 2 .5 2 .3 1*5 0 .3 - 1 .2 2-78 1 .4 1 .2 1 .0 0 .8 1 .1 1 .6 1 .9 2 .2 2 .1 1 .4 0 .5 - 0 .1 0 .9 3-78 1 .7 1 .5 1 .4 1 .2 1 .5 2 .0 2 *3 2 .6 2 .6 2 .1 1 .6 1 .6 3 *0 5 .1 4-78 1 .7 1 .5 1 .4 1 *3 1 .5 2 .0 2 .2 2 .5 2 .5 2 .1 1 .7 1 .7 2 .6 3 .5 1 .9 1-79 1 .5 1 .3 1 .2 1 .0 1 .2 1 .6 1 .8 2 .0 1 .9 1 .5 1 .1 0 .9 1 .5 1 .7 0 .0 - 1 .9 2-79 U2 1 .0 0 .9 0 .7 0 .9 1 .2 1 .3 1 .5 1 .3 0 .9 0 .4 0 .2 0 .5 0 .4 - 1 .1 - 2 .6 - 3 .3 3-79 1 .2 1 .0 0 .9 0 .7 0 .9 1 .2 1 .3 1 .4 1 .3 0 .9 0 .5 0 .3 0 .6 0 .5 - 0 .6 - 1 .4 - 1 .2 1 .0 4 -7 9 1 .4 1 .3 1 .1 1 .0 1 .2 1 .5 1 .6 1 .8 1 .7 1 .4 1 .1 1 .0 1 .3 1 .4 0 .6 0 .3 1 .1 3 .3 1-75 -¿.-75 3-75 2 r l * _2r_lfc .-*-7* 1-77 1-7« 2-79 2 =79. W ft 1 - Ï2 .»-75 .1 - 7 * 2-77 - . . M I V “7jL 2 7 0 .7 271.-, ¿7 4 .7 2 7 6 .C 2 7 4 .7 ¿1 2 .^ 2 7 3 .1 5 .7 276^9 I N I T I A L QUARTER P R EP A R ED B Y F E D E R A L R E S E R V E FEBRU A RY 2 0* I9 6 0 17 RANK OF S T . L O U IS DISPOSABLE: PERSONAL INCOME III CURABIT DOLLARS _____ COHPOUNOEO âNNUAL RATES OF CHANGE_______ -------- _ ¿ -7 » BILLIONS OF ______________ INIT IAL QUARTER___________________ QUARTER 1 -7 S 3-7» 3-75 4-75 H t 2-76 *-76 4-76 1-77 2-77 3-77 4 -77 1-78 ¿-76 3-76 4-78 1-19 ¿-T9 ANNUAL RATES W 9 1 » O V j.i 3 0 ,1 - j f c ____ 1 ^ 1 ____ 1± 9__ ^~7> 1-76 1 * * 3 ____ S ± i____ ? t f r 12.4 -¿r?6 ___ ULdL_ . A 14 ^ 4 _ 6*9 8*6 10*6 7*1 6*4____&*fi____1*2____ftjtl_ 4-76 10*6 7*6 6*6 6*6 6*2 9*2 10*3 1 -7 7 10*4 7*9 6*9 6*7 6*5 9*2 9*6 ¿-77 10*6 B*4 9*3 9*3 3-77 10*7 6*6 9*7 9*7 3^76 8*0 6*4 - IjU V r l 9 * £ ____ 9 * 9 I,¿¿¿»to 9*3 10*5 10.6 1 2 . 0 ___________ AtlfifttV 9*7 10*3 10*9 11*1 12*0 A 1 2 * 1 _________ 4r?7 1 0 * 9 ____ 9 * 1 9*9 10*0 10*0 10*6 11*1 11*3 12*0 12*0 12*0 1-76 1 0 * 6 ____ 9 * 2 10*0 10*0 10*0 10*6 11*0 11*1 11*6 11*5 11*110*3 2-76 1 0 * 9 ____ 9 * 5 10*2 10*3 10*3 1Q.6 11*2 11.4 11*8 11*8 11*7 11*5 1 2 * 7 ____ 1 > 4 3 .7 « J 3 - 7 _____ 8 1 1 . Q _9 . 6 10*3 10*4 I Q »4 10.9 11*2 11*4 11*7 11*7 11*6 11*5 12*0 11*4 - It *I4 * > . 11*2 11*5 ■4r7fl____ 1 1 x 2 ____ 9 * 9 1 » 3 6 A .^ _________ 10*6 10*6 10*7 11*7 12*0 12*0 12*0 12*0 12*6 12*5 1 3 * 7 ____________ 10,1 Iflai. 10*8 10,911*3— 11*7 11.8 12*1 12*2 12*2 12*2 12*7 12*7 13*4 13*0 - ^ 7 9 ____ 1 1 . 1 ^ _ 1 0 * 0 10*5 10*6 10.7 11*0 11*3 11*4 11*6 11*6 11*5 11*5 11*7 11*4 11*5 1 0 * 3 _____ 1 * J L _ ______ — 3 = 1 2 ____ 1 1 * 0 , 10*0 10^5 10*6 10*6 10*9 11*2 11*3 11*5 11*4 11*3 11*2 11*4 11*1 1 1 . 1 ____ 1 0 * £ ____ ________ 9 . 9 ^ ___ - » - 7 9 ____ 1 1 . 0 - 1 0 . 0 10.1 10.5 10*6 IQ * 9 1 1 . 1 ll.¿ 11.4 1 1,3 11,2 11*1 . 1 1 «2 1 1 * 0 10.9 1 0 « 2 _____ 9 . 3 _ _ 1 0 * 1 3-75 4-75 1-76 2-76 3-76 4-76 1-77 2-77 3-77 1-78 2-78 3-78 4-78 l r 7 9 ____ U , 1 1-75 2-7 5 4-77 _ A .fr2 4 ttt _ 1-79 2-79 A tfrU A « ? Ai64Q,Q 1 0 * 4 _____ 1 . 6 « I . O 3-79 INITIAL QUARTER DISPOSABLE PERSONAL INCOME IN 1972 OOLLARS _______C O N F O U N D E D A N N U A L R A T E S O F C H A N G E ________ BILL I O N S OF OOLLARS ANNUAL R A T E S ____ __________INITIAL QUARTER__________ ____ QUARTER 1 -7 5 2 -7 5 3 -7 5 4 -7 5 1 -7 6 2 -7 6 3 -7 6 4 -7 6 1 -7 7 2 -7 7 3 -7 7 4 -7 7 1 -7 8 2 -7 8 3 -7 8 4 -7 8 1 -7 9 ¿ -7 9 3 -7 9 » 7 4 t* -2=11____ 2 1 *1 3-75 _&64*1_ 8«2 . - 4 , 9 .6*1--ft, 5___4*0Ir 2 4 ¿-.16 671.? 6 « 4 --- I t 4 ___ i l l ____5a 3 -1*1___ 1*4_________ 3*1___2*k_ -3=16____2*0___ 1*1___3*2___ 3*1___¿*3___2*6l_ 4 r lfe _2*0___2*2___ 1*1___3*4___1*1___ 1*5___4*1_ A - JJ _4±£____ 2 * 1 ____ 1 * » ____ 1 * 1 ____ 2 * 1 ____ 1 *1 ____1±1____ 2 * J _ 2-11_____1*1____2*7___ 3 . 8 3-77 4 -7 7 4*9 3*8 3*5 4*1 6*1 4*8 4*9 6*3 3*1 - 1 * 1 ____ 1 * 1 ____ 4 * 4 ____ 4 , 5 vo a- Q 3*8___ 4*2 JÈÀ Â L * i_ 6*6 4 y4 ____4 ^ 6 ____ £ * 2 ____ 1 * 4 ____6 * 1 ____ ±*7____ 6 * 8 _ y s Ajgg- -Arlâ----4*5---1*1___±*2___±*2___4*1___4*4__ 4*1___4*1___2*4___1*1___4*4___2*0_ -¿ - 7 8- _2 2 6 *6 _ -%t8___3*4___4*2___4*2___4*1___4*1__ 4*6___4*6___1*1___ 4*1___4*1___1*12___4*ft_ 9 6 0 .1 *=1*--- A*1 ___ 1*1___4*2__ 4*2___ 4*1___4*1__ 4*1___4*1___4*5___4*1___4*1___1*4___4*1___ 4 * i _ -4=16---------- 1*1___4*4___4*4 1-7 9 2-1* 4,7 3.6___4*2___4*2 -4*1---1*2___1*1___ 3*8 - 1-1 * ----4*1--- 1*1---3*6___ 3.5 4-79 1 * 5 ___ 2*5___ 3*4 1-75 2-75 3-75 3.4 4-75 4.3 4*5 4*7 4.1___4*1__ »*5 4*6___5.2 5.0___4*7 4.2 4.5__ 4*1___ 4*6___4*2___ 3*7 97» ^ 4.9___ 1*3___6*4____________________ ___m « > 4*2___ 4*2___4*2___ 2*1______ 9*6,6 3.7___1*1___1*5___1*5___4*1___ 1*1___1*4___2*5___1*0___2*1___2*1___Q«3._...=l*4— 3.4___3*1___1*6___1*1___1*1___ 1*4___1*11___ 2*1___2*1___ 2*1___ 1*1___ 0«! 3 *2 - 1-76 -Qm6---0*2- ____9 9 3 « 4 3 .3 ____3 * 4 ____ 3 *3 ____1 * 4 ____ 1*1 ____ 2 * 1 ____ 2*2 ____ 2 *1 ____ 2*11____ 1 *1 ____ 0 * 1 — « A * 2 ____ 0 * 4 ____ft* 6 _ 2-76 3-76 4-76 1-77 2-77 3-77 4-77 1-78 2-78 3-78 4-78 1-79 2-79 2 9 + ¿t _ 3-79 INITIAL QUARTER PREPARED BY FEOERAL RESERVE BANR OF ST* LOUIS FEBRUARY ,20* 1980 18 CORPORATE PROFITS AFTER TAXES • COHPQUNOEO AH*UAL RATES OF CHANfeE ttlLLAONS OF OIM.IARS _ ANNUAL KATES ItKHINAL g U A K ltR 4 “?>_ - 5 8 *2 ¿ “ 75 - Z I* * ^ t L »¿*£ U 3»» -JS=T&- ___ 8 « +W S l. 9.3 50.5 5»** U . o lb.6 54.0 57 »V iS.b 6».9 ¿ - 7 Ç ____ 1 5 . 3 42.0 41.8 ¿3.7 3 0 . 1 ---- 2± 1_ 3-76^ *+•1 3 5.2 33.7 19.0 2 1 .5 4.2 4^-76 _1 2.6 2?*7_ 16.1 1-76 VI .O V l t^L. 5.8 27.7 _15.2 3.2 3.5 1.3 At 7 I _ I4«i> - 2 ? » 6 27.8 17.3 1 8 * » ____ 9 . 0 11.2 I».0 28»3 ¿»77 14.8 28.4 26.? 17.6 18.6 11.0 13.2 15.8 23.8 2-11___ 1»«7 ^ 9 25*iL J7 ,2 . H t ____ 1 3 . 7 2»«5 22.8 15.9 10.2 11.5 12.7 15.8 _ 5 G U i_ 19.4 _1 Q **^ 15.4 11.9 8.3 9 * 7. 1 1 * » _____1±P____ 3 . 9 14.1 ¿.-76____ 1 5 . 1 23.8 22.» 16.8 17.1 19.9 18.0 18.3 13.» l»-7 15.8 18.1 14 .6 15.8 17.0 17*3 18«5-20«6 19*6. „19*7 19.1 16.» 18.0 17.3 I - ¿»*3 t_ _Z rL2 _ 15.6 17.9 15.8 17.6 2.6 lir t 1V9 tJ- - 0 . 9 - 4 . 4 ________ 19.3 28.7 73.2 1 6 . 2 2 1 . 2 ____ 12* 8 » U » « ft 7m» 18.3 22.6 3*. 2 16.8 27.1 _ ¿0*4» 2»A __ » « 1 ¿1*9 ¿ 9*8 32«7 13« a ¿¿t» ¿1 *2 16.7 17.0 14.0 15.0 15.9 17-» 1 6 . 3 ___1 > * 9 1 6 * 1 ___U L * 6 ___¿ J l* £ ___li*fl___1 6 . 0 10.9 -g*» 4-7» 1-75 2-75 3-75 »-75 1-76 2-76 3-76 »-76 1-77 3-77 »-78 1-79 N.A. 4-79 2-77 »-77 1-78 2-78 3-78 2-79 INITIAI. Q U A R T E R N.A. - NOT AVAILABLE P R E P A R C O b Y FEOfcAAL R E S E R V E FEBRUARY 20« 1960 S O U R C E S O F bANK OF ST. D A T A NATIONAL INCOME AND PRODUCT ACCOUNTS DATA Source: 1929-72 1973 1974: 1975: 1976-78: U.S. Department of Commerce, Bureau of Economic Analysis, Washington, D.C. 20230 The National Income and Product Accounts of the United States, 1929-74, A Survey of Current Business Supplement. Survey of Current Business, Ju ly 1977. Survey of Current Business, July 1978. Survey of Current Business, July 1979. The Survey is available from most district offices of the Department of Commerce or from the Superintendent of Documents, U.S. Government Printing Office, Washington, D.C, 20402. 19 LOUIS INVENTORIES C O MP A R E D W I T H MANUFACTURING . 72 AND MONTHLY SALES* TRADE 72 . 68 68 .6 4 64 . 60 60 .5 6 56 . 52 52 . 48 48 . 44 44 . 40 40 36 . 36 1966 1967 * RAT I OS BASED SHADED AREAS L ATE ST 1971 1972 ON SEASONAL LY ADJ USTED DATA. ! 968 1 REPRESENT DATA PL OTTE D: 1 1973 1974 1 1976 SOURCE: 1977 1978 1979 1980 ' I . S . DEPARTMENT OF COMMERCE P E R I O D S OF B U S I N E S S R E C E S S I O N S . DECEMBER P R E L I MI N A R Y PREPARED BY F E D ER A L R E S E R V E BANK OF ST, 20 LOU I i
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