Full text of National Economic Trends : February 1985
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N a tio n a l E c o n o m ic T r e n d s February 1 9 8 5 T h e i n c o m e l a s t is p a y m e n t s . T h e r e f e r e n c e t r e n d s t o t a l p e r s o n a l A s h a r e y e a r s a s b e c a u s e e a s i l y o f i n c o m e , i n c l u d e s i n c o m e T h e A a a p a y m e n t s a l s o h e a l t h w i t h c h a n g e s r e c e i v e d y e a r s in b y s u m m a r i z e s D o t h 1 9 6 4 o f h a s r o s e r e f l e c t s i n s u r a n c e , o f f r o m a a s h i f t b y a t i c e x p a n s i o n i n t h a t l a b o r t o t a l t h e t o m o r e g r o w t h s a l a r y l a b o r R e n t a l p r i v a t e 4 . 4 0 p e r c e n t g r o w i n g r o l e U R C E S i n f o r a n d t h e t h e I n t e r e s t T r a n s f e r L e s s : f o r d i s b u r s e m e n t s O F P E R a r e P e r s o n a l t r a n s f e r 1 9 6 4 f a r a n d e n o u g h p a s t 2 0 i n t o S O N A s h r u n k h e a l t h s h a r e s a n d 1 9 8 4 a s r e m o v e d t o a n d a s a p r o p o r t i o n s a l a r i e s w e l f a r e a t t r i b u t a b l e y e a r s i n t e r e s t 1 2 . 7 1 a r e p e r c e n t in t h e i n t e r e s t r a t e s ; i n f o r t o f u n d s ) . t o o f " o t h e r " T h e r e n t a l a n d i n c o m e a n d t r a n s f e r e x a m p l e , t h e y i e l d 1 9 8 4 . p r o v i s i o n T h e o f r i s e o f b e n e f i t s L I N o f C O M d o l l a r s 1 9 6 4 P e r c e n t o f f o r s o c i a l t o t a l 1 9 8 4 1 9 6 4 100 100 $ 4 9 9 . 2 3 3 6 . 1 5 9 . 9 . 0 % . 0 % 6 7 . 3 1 9 5 . 5 1 5 .7 6 . 5 3 .1 1 5 4 . 2 5 2 . 5 5 .1 1 0 .5 6 2 . 5 1 7 .1 7 7 . 7 1 7 . 3 2.1 2.6 3 .4 3 .5 3 5 . 6 1 4 . 4 7 .1 4 1 6 . 7 3 7 . 4 1 3 . 8 7 .5 ( 1 3 2 . 5 ) ( 1 2 . 6 ) c o n t r i b u t i o n s i n s u r a n c e ( 4 . 4 ) — K e i t h T H E F E D E R A L R E S E R V E R V X K o f S E L O U S v i e w s e x p re s s e d d o n o t n e c e s s a r ily r e fle c t o ffic ia l p o s it io n s o f t h e F e d e ra l R e s e rv e S y s te m . ( 2 . 5 ) M . o n t r a n s f e r E 1 8 0 3 . 9 4 3 4 . 8 p a y m e n t s t h e h a s w a g e s $ 3 0 1 2 . 8 i n c o m e i n c o m e a n d g o v e r n m e n t i n c o m e p e r s o n a l y e a r s i n c o m e . i n c l u d i n g w e l f a r e . i n c o m e s o c i a l t h e a n d f r o m p e n s i o n , h a l f , r i s e 1 9 6 4 i n c o m e D i v i d e n d p e r s o n a l s o u r c e s , i n c o m e c o m p o s i t i o n t h a n o v e r r e f l e c t s u n e m p l o y m e n t T o t a l P r o p r i e t o r s ' o f a l l u s i n g e c o n o m i c 1 9 8 4 O t h e r f r o m t r e n d s , B i l l i o n s a n d s o u r c e s s u b s t a n t i a l l y . c o u r s e , S O W a g e t h e p e r s o n s t h e s e c o n t r i b u t i o n s d e c l i n e d d e c l i n e d d r a m i n d i c a t e s a l s o e m p l o y e r i n c o m e , b o n d s l a r g e l y s e c u r i t y , 1 9 8 4 s h o w i n g I n t e r e s t c o r p o r a t e a r e r e f l e c t i n g i n c o m e h a v e s o u r c e s p a y m e n t s . d r a m a t i c i n c o m e t a b l e t h e y p r i m a r i l y p r o p r i e t o r s ’ d i v i d e n d s e e n d i s c e r n i b l e . c o m p a r i s o n o f t e - v e c u r r € ® t a c c o m p a n y i n g p o i n t s m a k e ( w h i c h 2 0 d e f i n e d C a r l s o n to ta l c iv il ia n em p lo ym en t CONIWNPgP ANNUAL RATES OF CHANCE JDERWm MONTH 6-63 7 -6 ? THOUSANDS -IN ITIM . NONTH t - 7 -9 3 6-63 9 -6 3 10-33 11-93 12-6 3 1-64 2 -8 4 3-64 4 -6 4 Of PERSONS 5-6 4 6-64 7 -6 4 6-6 4 9 -0 4 10-04 11 -8 4 12 -6 4 . 9 *1 JL 0 1 a LT 2 8-83 7*0 5 .0 9-63 6 .3 4 .9 10-63 4 .6 3 .5 2 .7 0 .7 11—63 5 .5 4*6 4 .5 4 .3 8 .0 12-63 5.2 4 .5 4 .3 4 .2 5 .9 _1 Q U 2 9 9 - 4 .6 102.042 102*702 3 .9 103.029 1-64 4 .9 4 .2 4.1 3 .9 5 .0 3 .5 3 .1 2-64 5 .2 4 .6 4 .6 4 .5 5 .5 4 .7 5 .1 3-64 4 .9 4 .4 4 .3 4 .2 5 .0 4 .2 4 .3 4 .9 2 .7 4-64 4 .7 4 .3 4 .2 4 .1 4 .7 4 .0 4 .1 4 .4 3 .0 3 .3 6.1 103.294 7 .1 103.866 104.123 104.402 5-64 5 .1 4 .7 4 .7 4 .7 5 .3 4 .6 5 .0 5 .5 5 .0 6—64 4 .9 4 .6 4 .5 4 .5 5 .0 4 .5 4 .6 4 .9 4 .4 5 .0 5 .8 2*6 7-64 4 .5 4 .2 4 .1 4 .0 4 .4 3 .9 3 .9 4 .1 3 .5 3 .7 3 .8 1*2 -0 .2 6-64 4 .0 3 .6 3 .5 3 .4 3 .7 3 .2 3 .1 3 .1 2 .4 2 .4 2 .2 -0 .1 -1 .4 - 2 .6 9-64 3 .9 3 .6 3.5 3 .3 3 .6 3 .2 3 .1 3 .1 2 .5 2.5 2 .3 0 .7 0 .0 0 .1 2.6 10-64 3 .9 3 .5 3 .4 3 .3 3 .5 3.1 3 .1 3 .1 2 .6 2 .5 2 .4 1 .1 0 .7 1.0 2 .9 9 .1 105.162 105.391 105*377 105.146 105.394 2 .9 105.649 11-64 3 .6 3 .5 3 .4 3 .3 3 .5 3 .1 3 .1 3 .1 2 .6 2*6 2 .5 1 .5 1*2 1.6 3*0 3 .1 3 .3 12-84 3 .6 3 .5 3 .4 3 .4 3.5 3 .2 3 .1 3 .2 2 .8 . 2*6 2 .7 1.6 1.7 2 .1 3 .2 3 .4 3 .6 3 .9 1-65 3 .7 3 .4 3 .3 3 .2 3 .4 3 .1 3 .0 3 .0 2*6 2*6 2 .5 1.8 1*6 1.9 2 .9 2 .9 2 .8 2 .6 6-93 7-83 6-63 9-63 10-63 11-63 12-63 1-64 2-84 3-64 4-64 5-64 6-64 7-64 6-64 105*932 106.273 1 .3 106.391 9-64 10-64 11-64 12-64 PAYROLL GNPL0YNENT CONfQUNPCP ^NNUAL RATES OP CHANCE TERMINAL MONTH 6-63 _ TUTMItllÉfìC OP PERSONS IM IT IA L MONTH 7-63 4 .7 7-63 6-63 9-63 10-63 11-63 12-63 1-64 2-64 3-64 4-64 5-64 6-64 7-64 6-64 9-64 10-64 11-64 12-64 90*274 69.916 6-63 -0 .1 -4*6 9-63 4*9 5 .0 15*7 10-63 4 .6 4 .6 9*9 4 *4 11-63 4 .6 4*6 6*1 4*5 91.016 91*345 4*6 91.666 12-63 4 .7 4*7 7 .2 4 .5 4 .6 4*5 1-64 4 .7 4*7 6*7 4*6 4 .7 4*7 4*9 2-64 4*9 4 .9 6 .6 4*9 5*0 5*1 5*5 92.026 92.391 6*1 92.646 3-64 4 .7 4 .7 6 .1 4*5 4*6 4*5 4*6 4*4 2*6 *1 *4 4*7 4*7 5*9 4*6 4*7 4*7 4*7 4*7 4 *0 5*2 2-9* 4 .7 4*7 5*6 4 *4 4*6 4*6 4*7 4*6 4*1 4*6 4 *4 93.056 93.449 93.786 6-64 4*7 4*7 5*7 4*6 4*6 4*6 4*6 4^6 4*2 4*7 4*5 4*£ 7-64 4*5 4*5 5*4 4 .4 4*4 4*4 4 .4 4*3 3** 4 .2 3*9 3 .7 2*6 6-64 4*4 4*3 5*1 4 .2 4*2 4*1 4*1 4*0 3*6 3*6 3*5 3*2 2*5 2*2 M 3*5 3*3 2*9 2*9 3*7 3*9 3*7 3*5 3*3 3*5 4*1 4*5 9-64 4*3 4*3 5*0 4*2 4*1 4*1 4*0 3*9 -3*6-" 10-64 4*3 4*3 5*0 4*2 4*2 4*1 4*1 4 *0 3*-6 9 4 .135 94.350 94.523 94.607 11-** 4*3 4*3 4*9 4*2 4*2 4*2 4*1 4 *0 3 .6 4*0 3*6 3*7 3*5 3*7 4*2 4*4 12-64 4*2 4*2 4*6 4 .1 4*0 4*0 3*9 3*9 . 3** ^3*7 3 .6 3*5 3*3 3*4 3*7 3*7 1-65 _4-? 4 .2 4 .7 4?1 4*1 _ _ 4 * 0 _ 4 *0 3*9 3*7 - 3*6 3 *7 3 *6 3*4 3*5 3*8 6-63 7 -6 3 6-63 9 -6 3 10-63 11-63 12-63 ÌHÉ4 3-*4 4 -6 4 6 -6 4 7 -6 4 6 -6 4 2H§4 M 4 95*154 4 *4 95*494 3*2 2*1 9 5 .6 6 I P 3*4 3*3 4 *5 96.009P 9 -6 4 10-64 11 -6 4 12-64 IIIIT IA L MONTH P - PRELIMINARY PHtPAAEO 6Y>€OERAL R E S » VE 6ANK OF ST* LOUIS PftJtUARY 1 , 1969 EMPLOYMENT RATIO SCALE MILLIONS OF RATIO SEASONALLY ADJUSTED PERSONS MILLIONS OF SCALE PERSONS I 20 1I 5 I 10 105 100 95 90 85 80 1977 1978 1979 1980 1981 1982 1983 SOURCE: PERCENTAGES ARE ANNUAL RATES OF CHANGE FOR PER IO D S LATEST DATA PLOTTED: 1984 1985 U.S.DEPARTM ENT OF LABOR INDICATED. JANUARY PR ELIM IN A RY PREPARED BY FEDERAL RESERVE BANK OF ST. UNEMPLOYMENT SEASONALLY PERCENT 75 LO U IS RATE ADJ USTED PERCENT 1 2 .0 1 1 . 1 1 .0 10. 1 0 .0 9. 9.0 8 . 8 . 0 7. 7.0 6. 6 . 0 5. 5.0 4. 1977 1978 1979 1980 1981 1982 1983 SOURCE: PERCENT OF C IV IL IA N LATEST DATA PLOTTED: U .S . 1984 1985 DEPARTMENT OF LABOR LABOR FORCE JANUARY PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 3 4.0 CONSUMER PRICE INDEX FOR ALt URBAN CONSUMERS* SEASONALLY ADJUSTED * __ __________________COMPOUNDED ANNUAL RATES OF CHANCE _________________ TERMINAL KONTH l_ r9 3 . . 3-84 4 -8 4 5-84 6-84 7 -8 4 298.9 4 .5 2 9 9 ,9 4 .3 10=93 _ 4 .4 . 4*2 11-93 A *3 _ . 4*2 12-83 4 .2 4 .1 4*7 4*7 4*7. _ 4 ,7 . 4*3 4*1 302.0 4*2. 4 *1 _A*.Q_ 4 .1 3 .9 3 .8 3 .6 303.0 ..A * 9 . 4*9 5*1 5*7 7.8 A -8 4*9 5 ,0 5 ,4 6 ,3 303.9 305.8 4 ,8 307.0 3-94 4 ,6 4 .6 4*6 4 .6 4 .8 4 ,9 5*4 4 .2 3 .6 4-94 4 .7 4 .6 4 .7 4 .7 4 .8 5 ,0 5*3 4*5 4 ,4 .5-$4 4*4 4 *4 _ 4 .4 _ 4*4 4*4 4*5 4 ,6 _. 3 * 9 6-84 4 ,2 4,2__ 4 ,2 4 ,1 4 ,2 4 .2 4 .3 3 .6 3 .3 3 ,2 2 ,2 2*3 S L 4 * 2 .. 4 .1 4*1 4 ,1 4 - 2 _ 3*6 3 ,4 3*3 2 * 7 3 .1 3*9 3 ,8 4*5 5*1 _JT=94 8-94 A ^ 2 _ .......4 * 3 4*2 . . A t ? ._ A t ? 10-94 8-8 4 __ 9 -8 4 10-84 11-8* 17-** _ A * 5 _____ 4 * 1 _ 9-a? 2=94 1-84__ 2 -8 4 4*9. .7^93 ____ i- 9 4 1567*100 IN IT IA L MONTH . 6-S3__ 7-8.3__ 9rS3__ 9-8 3 10-9 3 11-83 12-83 4 ,2 4 ,2 307.9 5.2 __ 3*6 _3_*6 309.2 2 ,0 309.7 310.3 311.3 4*2__ .4*2 4*2 4*2_ 4*3 3*9 3*7 3,7 3*3 4 ,2 4 .2 4 .2 4 ,3 4 ,3 3 * ? 3 .8 3,8 3*5 3 ,9 4*5 4 ,7 4 ,3 4 ,2 4 ,2 4 .2 4 ,2 4 ,2 3 .9 3 ,7 3*8 3 ,5 3 ,8 4 .2 4 .3 3 ,9 3 .5 2 .9 312.6 313.7 314.6 11-94 4*1 4 ,1 4,1 4*0 4*0 4*0 4 ,1 3 .7 3 ,6 3.6 3 .3 3 ,6 3 .8 3 .8 3 ,4 12-84 4.1 4 .0 4 ,0 4 .0 4 .0 4 ,0 4 ,0 3 .6 3 ,5 3.5 3 .3 3 ,5 3 .7 3 .7 3 ,3 3 .0 2 .7 3 .1 1-85 4 .0 3 .9 3 .9 3 .9 3 .8 3 .8 3 ,9 3 .5 3 .4 3 .4 3 .2 3 .4 3 .5 3 .4 3 .1 2 .8 2 .6 2 .7 6-83 7-83 8-83 9-83 10-83 11-83 12-83 1-84 2-84 3-84 4-84 5—84 6-84 7-84 8-84 2 .3 315.2 316.0 2 .3 316.6 9-84 10-84 11-84 12-84 IN IT IA L MONTH ♦REVISED FROM 1980. PREPARED BY FEDERAL RESERVE BANK OF S T . LOUIS FEBRUARY 26» 1985 PROOUCirR PR IC E INDEX* FIN ISH ED COOOS - SEASONALLY ADJUSTED* __________________ COMPOUNDED ANNUAL RATES OF CHANGE__________________ IN IT IA L MONTH 1967 « 100 MONTH 6-83 7-83 0 .0 8-83 1 .9 7-83 8-83 9-83 10-83 11-83 12-83 1-84 2-84 3-84 4-84 5-84 6-84 7-84 8-84 9-84 10-84 11-84 12-84 205.2 3 .9 286.1 9-83 2 .0 3 .0 2.1 10-83 2 .0 2 .7 2.1 2 .1 1.3 0 .4 - 0 .4 286.6 287.1 - 2 .9 11-83 1.0 12-83 1.4 1 .7 1.2 0 .8 0 .2 3 .4 1-84 2 .4 2 .8 2 .6 2 .7 3 .0 6 .0 8 .7 2-84 2 .5 2 .9 2 .7 2 .9 3 .1 5 .1 6 .0 3 .4 3-84 3 .0 3 .3 3 .3 3 .4 3 .7 5 .4 6 .1 4 .9 6 .4 4-84 2 .7 3 .0 2 .9 3 .0 3 .2 4 .4 4 .7 3 .4 3 .4 286.4 287.2 289.2 290.0 291.5 0 .4 291.6 5-84 2 .3 2 .5 2 .4 2 .4 2 .5 3 .4 3 .4 2 .1 1 .7 -0.6 - 1 .6 6-84 2.1 2 .3 2 .1 2 .1 2 .1 2 .9 2 .8 1 .7 1 .2 -0 .4 - 0 .8 0 .0 7-84 2 .1 2 .3 2 .2 2 .2 2 .2 2 .8 2 .8 1.8 1 .5 0.3 0 .3 1.2 2 .5 8-84 1 .8 1.9 1.8 1.8 1 .7 2 .2 2 .1 1.2 0 .8 -0.2 - 0 .4 0 .0 0 .0 - 2 .4 9-84 1 .7 1.8 1.6 1 .6 1 .6 2 .0 1.9 1.0 0 .7 -0.2 - 0 .3 0 .0 0 .0 - 1 .2 0 .0 10-84 1 .5 1 .7 1.5 1 .4 1 .4 1 .8 1 .6 0 .9 0 .6 -0.2 - 0 .3 -0.1 -0 .1 - 1 .0 - 0 .2 - 0 .4 11-84 1 .7 1.8 1 .6 1 .6 1 .6 2 .0 1 .8 1.2 0 .9 0 .3 0 .2 0 .6 0 .7 0 .2 1.1 1 .7 3 .8 291.2 291.2 291.8 291.2 291.2 291.1 292.0 12-84 1 .7 1.8 1.7 1 .6 1 .6 2*0 1.8 1.2 1 .0 0 .5 0 .5 0 .8 0 .9 0 .6 1 .3 1 .8 2 .9 2.1 1-85 1 .6 1 .7 1.5 1 .5 1 .5 1 .8 1.7 1 .1 0 .9 0 .4 0 .4 0 .6 0 .7 0 .4 1 .0 1 .2 1.8 0 .8 6-83 7-83 8-83 9 - 8 Í 10-83 11-83 12-83 1-84 2-84 3-84 4-84 5-84 6-84 7-84 8-84 292.5 - 0 .4 292.4 9-84 10-84 11-84 12-84 IN IT IA L MONTH ♦DATA FOR FOUR MONTHS ACO R EV ISED TO R EFLECT LATE REPORTINGCREVISEO FROM I960) PAEPARIflTÍV «D€RAL 4 FFMtUARV 22. 1985 ÈUN* OF ST. LOUI* RATIO SCALE 1967-100 PRICES* RATIO SCALE 1967-100 SEASONALLY ADJUSTED pr ict inoex be « i mm in « J anuary ior$ is for a ll urban consumers < c p i - b >. CPI-U DATA BEGINNIM IM 3 IHCORPORATE A RENTAL EQUIVALENCE MEASURE FOR HOMCOVMtRSH1P COSTS. consw hr PERCENTAGES ARE ANNUAL RATES Of CHANCE FOR PERIODS INDICATED. LATEST DATA PLOTTED» JAJWAJU m REVISED FROM 1980. PREPAAU BY PEDtRAL REtiRVE BAJQC Of ST. LOUIS ratio scale 1967-100 PRODUCER P R I C E S SEASO NALLY AD JUSTED * RATIO SCALE 1967-100 PERCENT ACES ARE ANNUAL RATES Of CHAN4E FOR PERIODS INDICATED. LATEST DATA PLOTTEDt JANUARY PREPAHED BY fEDERAL RESCRVE BANK Of ST. LOUIS K REVISED fROM 19*0. 5 PRODUCER P R IC E INOEX* FIN IS H E D CONSUMER FOOOS - SEASONALLY ADJUSTED* ____________________ COMPOUNOED ANNUAL RATES OF CHANCE__________________ _ TERMINAL__________________________________________________________________ IN IT IA L MONTH_____________________________________________________________ MONTH 5-64 6-64 7-64 6-64 9-64 10-64 11-64 12-64 6-63 7-03 6-63 9-63 10-63 11-63 12—03 1-64 2-64 3-64 4-64 7-03 -4.5 ^967 « 100 259.0 260.5 0-03 -0.7 3 .3 9-03 3 .6 7 .9 12.7 10-03 5 .6 9 .2 12.3 12.0 11-03 3.1 5 .0 5 .6 2 .3 12-63 4.1 5 .9 6 .6 4 .6 1.1 9*5 1-64 7 .7 9 .9 11.3 11.0 10.6 2 0 .4 32.4 2-64 7 .1 6 .9 9.6 9 .3 6 .6 14.2 16.6 263.1 265.6 264.1 —6 .6 266.1 272.4 2 .7 273.0 3-64 7 .7 9 .3 10.2 9 .6 9 .4 13.0 15.2 7 .5 12.5 275*7 4-64 5.5 6 .7 7.1 6 .3 5 .4 0 .0 7 .6 0 .4 - 0 .7 -1 2 .3 272.7 5-64 4 .0 4 .9 5.1 4 .2 3.1 4 .0 3 .9 -2.2 -3 .0 -1 1 .0 - 9 .7 6-64 3 .7 4 .5 4#6 3 .7 2 .7 4 .1 3 .3 -1.6 -2 .6 -7.5 -5 .0 0 .0 7-64 4 .6 5 .7 5 .9 5 .2 4 .5 6 .0 5 .5 1.5 1.3 -1.3 2 .7 9 .4 19.6 0-64 4 .3 5 .0 5.1 4 .4 3 .7 4*9 4 .4 0 .9 0 .6 -1 .6 1 .2 5.1 7 .6 - 3 .0 270.4 270.4 274.5 273.0 9-04 3 .9 4 .6 4 .7 4 .0 3 .3 4 .4 3 .0 0 .7 0 .4 - 1 .4 0 .9 3 .7 5.0 -1 .7 - 0 .4 10-64 3 .7 4 .3 4 .3 3 .7 3 .0 4 .0 3 .4 0 .6 0 .4 -1.2 0 .7 3 .0 3 .7 -1 .2 -0.2 0 .0 11-64 3 .6 4 .3 4 .4 3 .6 3 .2 4 .1 3 .6 1.1 0 .9 -0.5 1 .3 3 .3 3 .9 0 .3 1.5 2 .4 4 .9 12-64 3.9 4 .5 4 .5 4 .0 3 .5 4 .3 3 .9 1.6 1.5 0 .3 2 .0 3 .6 4 .5 1.7 2 .9 4 .0 6 .1 7 .2 1-65 3 .4 3 .6 3 .6 3 .3 2*6 3 .5 3 .0 0 .9 0 .7 -0 .4 1 .0 2 .5 2 .6 0 .2 0 .9 1 .2 1.6 0 .0 --------------7—65 * -« 941' 12-M "" R 4 ‘ "i= W 5-#V_ 4-#4 “ 7=*4 273.7 273.7 274.0 276.4 - 6 .7 274*6 9 - 6 4 lò -éA ti-64“ I 2 -i4 ------------------------------------------------------ THTTIAl ~WWTV> ' •OATA FOR FOUR MONTHS AGO MEVI SCO TO REFLECT LATE REPORTING(REVISED FROM I960) PROOUCER PRICE INOEX, FINISHCO COOOS, EXCLUDINGFOOOS - SEASONALLY ADJUSTED* ______________________ COMPOUNDED ANNUAL RATES OF CHANGE__________________________ TERMINAL__________________________________________________________________ IN IT IA L MONTH______________________________________________________________ MONTH 6-63 7-63 6-63 9-63 10-63 11-63 12-63 1-64 2-64 3-64 4-64 5-64 6-64 7-64 6-64 9-64 10-64 11-64 12-64 7-63 1 .2 6-63 2 .7 4 .2 9-63 1.5 1 .7 -0.6 10-63 0 .6 0 .7 -1.0 11-63 0 .4 0 .2 - l.l - 1 .2 -1 .2 12-03 0 .6 0 .4 -0.5 -0 .4 0 .0 1.2 1-64 0 .7 0*6 -0.1 0.1 0 .5 1 .4 1 .7 2-64 l.l 1.1 0 .6 0 .9 1 .4 2 .4 2 .9 4 .2 3-64 1.5 1.5 1.2 1.5 2 .1 2 .9 3 .5 4 .4 4 .6 4-04 1.6 1.9 1.6 1 .9 2 .5 3 .2 3 .7 4 .4 4*6 4 .6 5-04 1.6 1*6 1.6 1 .9 2 .3 2 .9 3 .2 3 .6 3 .5 2.9 1 .2 6-04 1.6 1.6 1.4 1 .6 2 .0 , 2 .5 2 .7 2 .9 2 .6 1.9 0 .6 0*0 7-64 1.3 1.3 1.0 1 .2 1.5 1.9 1 .9 2 .0 1*6 0*6 - 0 .4 -1.2 1 .0 0 .0 0*9 1.2 1 .4 1 .4 1.4 1.0 0.2 - 0 .0 -1.5 -2 .2 -2 .0 0 .9 1 .1 1.3 1.3 1.3 0 .9 0 .3 —0 .6 -1.0 - 1 .3 -0 .0 0*4 291.5 292.5 292.3 -1 .2 292*0 291*7 292*0 292.4 293.4 294*5 295.6 295.9 295.9 -2.4 295.3 0-64 1.1 9-64 1.0 1 .0 0*0 10-64 0 .9 0.6 0 .6 0*7 0 .9 1.1 1.1 1.0 0*6 0 .1 - 0 .7 -1.1 -1 .3 - 0 .9 - 0 .4 -1 .2 11-64 1.0 1.0 0 .0 0*9 1.1 1.3 1.3 1 .2 0 .9 0 .5 -0 .1 - 0 .3 - 0 .4 0 .1 0 .6 1 .0 3*3 12-04 1*0 1.0 0 .0 0 .9 1.0 1.2 1.2 1.2 0 .9 0 .5 -0 .1 -0.2 -0*3 0 .2 0 .7 0 .0 1*6 0 .4 1.3 1.2 1.0 0 .6 0*2 0 .1 0*1 0 .5 1.0 1 .1 1*9 1 .2 11-65 12 - 6 5 1-64 2-64 3-64 4-64 5-64 6-64 7-64 6-64 1-65 1.0 « 3 1967 ■ 100 1.0 0 .0 0*9 7-63 6-63 9-83 l.l 1.3 294.0 29^.9 294.6 295.4 295.5 2 .0 296*0 9-64 10-64 11-64 12-64 ---IN IT IA L MOn T^ *OATA FOR FOUR MONTHS AGO REVISED TO REFLECT LATE REPORTING!REVISEO FROM I960) 6 HlEPAfceO BY FEDERAL RÉSERVE DANK OF ST . LOUIS FEBRUARY 22» 1985 I N D U S T R I A L RATI O SCALE 1967-100 1977 P R O D U C T I O N RATI O SCALE 1967-100 S E A S O N A LL Y A D JU S TE D 1978 1979 1980 1981 1982 1983 1984 1985 PERCENTACCS ARE ANMVAi HATES Of CHAM6E FOR PER 10»$ I Ni I CATE». LATEST IATA PLOTTED JAWARY PRELIM I MARY PREPARE» §Y FEKRAL RESERVE BANK f f ST. I M I S IN O O S T ft lA L TERMINAL NONTH INITIAL MONTH 6-63 7—03 P ft O O U C T IO N 7-63 6-63 9-63 10-63 11-63 12-63 1-64 2-64 3-64 4-04 1967 - 100 5-64 6-64 7-64 6-64 9-64 10-64 11-64 12-64 149.7 30.7 6—03 24.3 1 6.2 9-63 21.6 17.6 17.0 151.6 10-63 16.7 1 4 .9 13.3 153.6 9 .6 155.0 11-63 15.2 11.6 9 .5 6 .0 2 .3 12-63 13.6 1 0 .7 9 .0 6 .4 4 .7 155.3 7 .2 156.2 1-64 14.6 12.1 10.9 9 .5 9 .3 13.0 19.2 2-64 14.3 12.1 11.1 9 .9 10.0 12.7 15 .5 156.5 12.0 160.0 3-64 13.3 11.3 10.4 9 .3 9 .2 11.0 1 2 .3 9 .0 6 .2 4-64 13.0 11.2 10.3 9 .4 9 .4 10.6 11.6 9 .4 6 .1 10.1 5-64 12.3 10 .6 9 .6 6 .9 6 .6 9 .9 10 .4 6 .4 7 .2 7 .7 6-64 12.3 1 0 .6 10.0 9 .3 9 .2 10.3 10 .6 9 .2 6 .5 9 .3 6 .6 12.5 7-64 12.2 10.6 10.2 9 .5 9 .5 10 .4 1 0 .9 9 .6 9 .1 9 .6 9 .7 12.0 11.5 6-64 U .4 10 .0 9 .4 6 .7 6 .6 9 .3 9 .6 6 .2 7 .6 7 .9 7 .4 6 .1 6 .0 0 .7 9-64 10.0 6 .7 6 .0 7 .3 7 .1 7 .5 7 .6 6 .2 5 .4 5.3 4 .3 4 .1 1.5 -3 .2 10-64 9 .1 7 .6 7 .1 6 .3 6 .1 6 .4 6 .3 5 .0 4 .2 3 .9 2 .9 2 .4 0 .0 - 3 .6 - 5 .6 - 4 .3 11-64 6 .6 7 .6 6 .9 6 .2 5 .9 6 .2 6 .2 4 .9 4 .2 3 .9 3 .1 2 .7 0 .9 - 1 .6 -2 .4 0 .0 4 .5 12-64 6 .7 7 .5 6 .9 6 .2 6*0 6 .3 6 .2 5 .1 4 .4 4 .3 3 .5 3 .3 1.6 0 .0 -0 .2 2 .2 5 .6 6 .7 1-65 6 .5 7 .4 6 .6 6 .2 5 .9 6 .2 6 .1 5 .1 4 .5 4 .3 3 .7 3 .5 2 .3 0 .6 0 .9 2 .9 5 .5 6 .0 6-63 7-65 12-63 1-M 2-64 3-64 4-64 5-64 6-64 7-64 6-64 10-43 160.0 INITIAL T - 162.1 162.0 5 .3 164.4 165.9 166.0 -7 .0 165.0 164.4 165.0 165.9P 5 .2 166.6P 9-64 10-64 11-64 12-64 moNTW MËL1MINAAV PRfcPAREO SV P fD C R A L RESÉRVÉ BANK OF S T . LOUIS 7 FEBRUARY 13, 1995 P E R S O N A L RATIO SCALE m o nthly TRILLIONS OF DOLLARS to tals I N C O M E at SE A SO N A L LY annual RATIO rates SCALE TRILLIONS OF DOLLARS A D JU STED 3.5 3.4 3.3 3.2 3. 1 3.0 2.9 2 . 8 2.7 2 . 6 2.5 2.4 2.3 2 . 2 2. 2. 2. 2 . 0 1 I . .9 1 . .8 1 . .7 1 . .6 i : .5 i . .4 i . .3 i . 1977 1978 1979 1980 1981 1982 1983 1984 1985 SOHRCE: U.S. »ErARTMEMT Of COtttERCE PERCENTA6ES ARE AMNUAL RATES Of CHAM6C FOR FERIOOS INDI CATEO. LATEST »ATA PlOTTEOt JAMUARY FREI I MI MARY PREPARE» »Y FEDERAL RESERVE BAMX Of ST. LOUIS PERSONAL INCOMÈ COHPOUNOED ANNUAL RATES Of CHANGE B IL L IO N S Of IN IT IA L MONTH T E R M IN A L MONTH d o llars ANNUAL RATES 6-83 7-63 A .7 8-83 5 .7 7-83 8-63 9-63 10-83 11-63 12-63 1-64 2-84 3-84 4-84 5-84 6-84 7-84 8-84 9-84 10-84 11-84 12-84 2 t 7 4 4 *9 6 .8 2 ,7 5 9 .9 9-83 7 .6 9 .1 1 1 .5 10-83 9 .1 1 0 .6 1 2 .6 2 ,7 8 5 .0 1 3 .7 2 ,8 1 4 .9 11-83 9 .0 1 0 .1 1 1 .2 1 1 .1 8 .5 12-83 9 .4 1 0 .4 1 1 .3 1 1 .3 1 0 .1 1 1 .7 1-8 A 1 0 .4 1 1 .4 1 2 .4 1 2 .6 12 . 2 1 4 .1 2 ,8 3 4 .2 2 ,8 6 0 .4 1 6 .7 2 ,8 9 7 .4 2-84 1 0 .6 1 1 .4 1 2 .2 1 2 .4 1 2 .0 1 3 .2 1 4 .0 1 1 .4 3-84 1 0 .2 1 0 .9 1 1 .5 1 1 .5 1 1 .1 1 1 .7 1 1 .7 9 .3 7 .2 4 —8 4 1 0 .4 1 1 .0 1 1 .5 1 1 .6 1 1 .2 1 1 .8 1 1 .8 1 0 .2 9 .6 1 2 .0 8 .7 7 .6 6 .1 4 .2 2 ,9 2 3 .5 2 ,9 4 0 .6 2 ,9 6 8 .5 5-84 9 .8 1 0 .3 1 0 .7 1 0 .6 1 0 .2 1 0 .5 1 0 .2 6 —6 4 1 0 .0 1 0 .4 1 0 .8 1 0 .7 1 0 .4 1 0 .6 1 0 .5 9 .3 8 .6 9 .3 7 .9 1 1 .7 7-64 9 .9 1 0 .3 1 0 .6 1 0 .5 1 0 .2 1 0 .4 1 0 .2 9 .2 8 .6 9 .2 8 .2 1 0 .3 6 .6 8-84 9 .7 1 0 .1 1 0 .4 1 0 .3 9 .9 1 0 .1 9 .9 8 .9 6 .5 6 .8 8 .0 9 .3 8 .1 7 .4 2 ,9 7 8 .8 3 ,0 0 6 * 5 3 ,0 2 7 .7 3 ,0 4 5 .8 9-84 9 .7 1 0 .0 1 0 .3 1 0 .2 9 .9 1 0 .0 9 .6 9 .0 6 .6 8 .9 8 .3 9 .3 8 .5 8 .3 9 .2 10-84 9 .4 9 .7 9 .9 9 .6 9 .5 9 .6 9 .4 8 .6 6 .2 8 .4 7 .8 8 .5 7 .7 7 .3 7 .3 3 .3 11-64 9 .3 9 .6 9 .8 9 .7 9 .4 9 .4 9 .2 6 .5 6 .2 8 .3 7 .8 8 .4 7 .8 7 .5 7 .5 6 .7 12-64 9 .0 9 .3 9 .5 9 .3 9 .0 9 .1 8 .9 6 .2 7 .9 7 .9 7 .4 7 .9 7 .3 6 .9 6 .6 6 .0 6 .4 4 .7 1-65 8 .9 9 .2 9 .3 9 .2 8 .9 6 .9 8 .7 8 .0 7 .8 7 .8 7 .3 7 .7 7 .2 6 .9 6 .6 6 .2 6 .5 5 .7 6 .8 6-83 7-83 9-63 IÖ - 8 3 11-83 12-63 4-84 5-04 6-84 7-84 8-84 9-84 10-84 11-84 12-84 3 ,0 6 8 .3 3 ,0 8 1 .6 8 .1 3 ,1 0 1 .6 3 ,1 1 3 .6 3 ,1 3 0 .6 P IN IT IA L MONTH P- p r e l im in a r y PREPARED ftV FEDERAL RESEftVE fcÁÑk OT ST. LÖU1S FEBRUARY 20, 1985 R E T A I L RATIO S A L E S SCALE BILLIO N S OF 1977 RATIO DO L L A R S 1978 SEASO N ALLY 1979 1980 BILLIO N S A D JU S T E D 1981 1982 1983 SOURCE: PERCENTAGES ARE ANNUAL RATES OF CHANGE FOR PER IO D S LATEST DATA PLOTTED: DECEMBER, U .S . 1984 SCALE OF DOLLARS 1985 DEPARTMENT OF COMMERCE IN D ICATED . JANUARY ADVANCE ESTIM ATE PREPARED BY FEDERAL R ESER VE BANK OP ST . R E T A IL S A L E S ______________________________________________________________________________ COHPOOHOED AN N UA L R A T E S LO U IS OF CH AN GE_______________________________________________________________________________ T E R N IN A L ________________________________________________________________________________ I N I T I A L NONTH_______________________________________________________________________________ H I L L I O N S OF NONTH DO LLA RS 9 - 6 3 1 0 -8 3 1 1 - 6 3 1 2 - 8 3 1-84 2-64 3-64 4-64 5-84 7-63 8-63 9 -6 4 10-64 11-64 12-64 6-63 6-84 7-64 8-84 7-63 2 .4 6-83 - 2 .2 —6 . 5 9-63 3 .7 4 .4 10—6 3 7 .1 8 .7 1 7 .3 1 8 .1 11-63 6 .1 9 .6 1 5 .6 1 5 .1 96*832 98*277 1 6 .5 99*537 1 0 0 *923 1 2 .2 101»896 12-83 7 .9 9 .0 1 3 .2 1 2 .2 9 .4 6 .6 1-64 1 4 .2 1 6 .3 2 1 .5 2 2 .6 2 4 .5 3 1 .1 6 1 .3 2-64 1 0 .6 1 1 .6 1 5 .2 1 4 .9 1 4 .2 1 4 .8 1 9 .2 - 1 1 .9 1 0 2 .4 3 6 1 0 6 .6 0 2 1 0 5 *482 3-64 7 .1 7 .7 1 0 .0 8 .9 7 .2 5 .9 5 .7 - 1 4 .4 - 1 6 .8 4-64 1 0 .9 1 1 .9 1 4 .4 1 4 .1 1 3 .5 1 3 .7 1 5 .6 3 .4 1 2 .1 5-64 1 0 .7 1 1 .5 1 3 .7 1 3 .4 1 2 .7 1 2 .6 1 4 .1 4 .7 1 0 .9 2 8 .0 8 .5 6-64 1 0 .6 1 1 .6 1 3 .6 1 3 .3 1 2 .7 1 2 .8 1 3 .9 6 .2 1 1 .3 2 2 .7 1 0 .6 7-64 6 .2 6 .7 1 0 .2 9 .6 8 .7 6 .3 8 .5 1 .6 4 .5 1 0 .7 - 0 .2 - 4 .3 - 1 8 .8 6-64 6 .9 7 .2 8 .5 7 .8 6 .8 6 .2 6 .2 0 .0 2 .1 6 .4 - 2 .5 - 5 .9 - 1 4 .0 - 6 .9 9-64 7 .7 6 .1 9 .3 8 .7 7 .9 7 .5 7 .6 2 .3 4 .5 8 .6 1 .6 0 .0 - 3 .9 4 .5 2 0 .0 10-64 7 .6 7 .9 9 .1 8 .5 7 .7 7 .3 7 .4 2 .7 4 .7 8 .2 2 .3 1 .1 - 1 .6 4 .9 1 2 .6 5 .6 11-64 6 .3 6 .7 9 .7 9 .3 6 .6 8 .3 8 .5 4 .3 6 .3 9 .6 4 .7 4 .0 2 .4 8 .5 1 5 .0 1 2 .6 2 0 .0 12-64 7 .5 7 .6 6 .7 8 .2 7 .6 7 .2 7 .3 3 .4 5 .0 7 .6 3 .3 2 .6 1 .0 5 .5 9 .5 . 6 .2 6 .5 - 5 .6 1-65 7 .3 7 .6 8 .6 8 .3 7 .7 7 .3 7 .4 3 .8 5 .4 7 .9 4 .0 3 .4 2 .1 6 .1 9 .4 6 .9 7 .4 1 .6 9 .3 7 -6 3 ft-« 3 9 4 3 1043 1 14 3 1 24 3 1 4 * 2 4 4 3 4 4 4 4 4 ¿ 4 4 T 4 4 * -6 4 9 -6 4 10- « 4 u -8 4 1 2 -8 4 « 3 1 03 *873 5 1 .0 107 *5 0 5 1 0 8 *237 1 2 .7 5 -3 * : 1 09 *322 1 0 7 *442 1 0 6 *606 1 06 *240 108 *7 3 3 1 10 *397 109 *872 P 1 1 0 .6 6 6 E INITIAL MONTW---------------------------------------------T - MELIHIHAAV--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------E - ESTIMATED ___________________ T*il*AAtt> 6V «M f c A L fctSEfcv£ BANK OF S t . LOUIS FEBRUARY 13. 1963 9 HOURLY COMPENSATION, BU SIN ESS SECTOR COWPOUNDED ANNUAL RATES OF CHANGE TERMINAL____________________________________________________________ IN IT IA L QUARTER ________________ ______________________________________ 1 9 7 7 -LQ Q Q U A R T ER 1 - 80 2-BO 1 1 .9 3-BO .1 0 * $ 4 —8 0 1 0 .2 2 —80 3-80 4-80 1-81 2-81 3-81 4-81 1-82 2-82 3-82 4-82 1-63 2-83 3-83 4-83 1-84 2-84 3-84 129. Ö . 1 3 2 .7 ?,2 9 .3 9 .4 1 3 5 .7 1-81 1 0 ,3 9 ,8 1 0 .0 1 0 .7 2-81 9 .7 9 ,2 9 .1 9^0 3-81 9 .8 9 .3 9 .3 9 .3 8 .7 4-81 9 ,4 8 ,9 8 ,9 8 .8 8 .1 8 .5 7 .1 1-82 9 .5 9 .2 9 .2 9 .2 8 .8 9 .2 8 .9 1 0 .7 2-82 9 .2 8 .9 8 .8 8 .8 8 .4 8 .6 8 .2 8^7 6 .8 3-82 9 .0 8 ,7 8 ,7 8 ,6 .8 ^ 8 .4 8 .0 8 ,3 7 .1 1 3 9 .2 _ 1 4 1 .7 _ .7 ,4 9 .9 1 4 5 .1 1 4 7 .6 1 5 1 .4 1 5 3 .9 7 .5 1 5 6 .7 4-82 8 .6 8 .3 8 .2 8 .0 7 .7 7 .7 7 .3 7 .3 6 .2 5 .9 4 .4 1-83 8 .3 8 .0 7 .8 7 .7 7 .3 7 .3 6 .8 6 .8 5 .8 5 .5 4 .5 2-83 1 5 8 .4 4 .6 1 6 0 .2 7 .8 7 .4 7 .3 7 .1 6 .7 6 .6 6 .1 6 .0 5 .0 4 .6 3 .7 3 .3 3-83 7 .4 7 .0 6 .8 6 .6 6 .2 6 .1 5^6 5 .4 4 .5 4 .1 3 .3 2 .9 2 ,0 2 ,0 4-83 7 .3 6 .9 6 .8 6 .6 6 .2 6 .1 5 .6 5 .5 4 .7 4 .4 3 .8 3 .7 3 ,3 4 .0 6 .1 4 .7 6 .1 6 .2 1 .9 2 ,0 1 6 1 .0 1 6 1 .8 1 6 4 .2 1-84 7 .2 6 .9 6 .7 6 .5 6 .2 6 .1 5 .7 5 .6 4 .9 4 .7 4 .2 4 .2 4 ,1 2-84 6 ,9 6 .6 6 .4 6 .2 5 .9 5 .7 5 .4 ...5 *2 4 .6 4 .3 3 .9 3 ,8 3 ,6 4 ,0 4 .7 4 .1 3-84 6 .7 6 .5 6 .3 6 .1 5 .8 5 .6 5 .3 5 .1 4 .6 4 .3 3 .9 3 .9 3 .8 4 .1 4 .6 4 .2 3 .1 4 .4 4-84 6 .6 6 .3 6 .2 6 .0 5 .7 5 .5 5 .2 5 .0 4 .5 4 .3 4 .0 3 ,9 3 .8 4 .1 4 .6 4 .2 3 .5 4 .3 4 .3 1-BO 2-80 3-60 4 —8 0 1 -81 2 —81 3-81 4 —61 1-82 2-62 3-82 4-82 1-63 2-83 3-63 4-63 1-64 2-64 3-64 IN IT IA L 1 6 6 .7 1 6 7 .5 1 6 9 .3 1 7 1 .1 t Q UARTER OUTPUT PER HOUR OF ALL PERSONS, BU S IN E S S SECTOR COMPOUNDED ANNUAL RATES QF CHANSE_________ TERMINAL_____________ _____ _________________________________ QUARTER 1-80 2-80 2 —8 0 3-80 4-60 1-81 2-81 3-81 - 2 .8 IN IT IA L QUARTER_________________________________________________________________ 1977-100 4-81 1-82 2-62 3-82 4-82 1-83 2-63 3-63 4-93 1-84 2-84 3 —0 4 9 6 .4 3-80 —0 . 6 4-80 - O .l 1 .6 1 .2 0 .8 1-81 1 .4 2 .9 3 .5 9 8 .8 9 9 ,0 1 0 0 .5 6 .2 1 0 0 .6 2-81 1 ,2 2 .2 2 .4 3 .3 0 .4 3-81 1 ,6 2 .5 2 .7 3 .4 2 .0 3 .6 4-81 0 .7 1 .3 1 .2 1 .3 - 0 .3 —0 . 6 1 0 1 .5 - 4 .6 1 0 0 .3 1-82 0 .9 1 .4 1 .4 1 .5 0 .4 0 .4 - 1 .2 2 .4 2-82 0 .5 1 .0 0 .9 0 .9 - 0 .2 - 0 .3 - 1 .6 0 .0 - 2 .4 3-82 0 .7 1 .1 1 .1 1 .1 0 .3 0 .2 - 0 .6 0 .8 0 .0 2 .4 4 —8 2 0 .9 1 .3 1 .2 1 .3 0 .6 0 .7 0 .1 1 .3 0 .9 2 .6 2 .8 1-83 1 .0 1 .4 1 .4 1 .4 0 .8 0 .9 0 .5 1 .5 1 .3 2 .5 2 .6 2 .4 2-63 1 ,4 1 .7 1 .7 1 .6 1 .4 1 .5 1 .2 2 .2 2 .1 3 .3 3 .6 4 .0 5 .6 3-83 1 .5 1 .8 1 .8 1 .9 1 .5 1 .6 1 .4 2 .3 2 .2 3 .2 3 .4 3 .6 4 .2 4 —8 3 1 .5 1 .6 1 .6 1 .9 1 .5 1 .6 1 .4 2 .2 2 .1 2 .9 3 .0 3 .1 3 .3 2 .1 1 0 0 .9 1 0 0 .3 1 0 0 .9 1 0 1 .6 1 0 2 .2 1 0 3 .6 2 .7 1 0 4 .3 1 ,5 1 0 4 .7 1-84 1 .6 1 .9 1 .9 2 .0 1 .7 1 .8 1 .6 2 .4 2 .4 3 .0 3 .1 3 .2 3 .4 2 .7 2 f7 3-9 2-64 1 .8 2 .1 2 .1 2 .2 1 .9 2 .1 1 .9 2 .6 2 .6 3 .3 3 .4 3 .5 3 .7 3 .3 3 *3 : 4 .4 5 .0 3-64 1 .8 2 .0 2 .1 2 .1 1 .9 2 .0 1 .8 2 .4 2 .5 3 .0 3 .1 3 .1 3 .2 2 .6 2 .6 3 .2 2 .9 0 .7 4-64 1 .9 2 .1 2 .2 2 .2 2 .0 2 .1 2 .0 2 .6 2 .6 3 .1 3 .2 3 .2 3 .3 2 .9 3 .0 3 .3 3 .2 2 .3 3 .8 1-60 ¿- 6 0 3 - 6 0 ' 4-60 1—61 2-81 3 —61 4-81 1-62 2-62 3-62 4-82 1-6 3 2-63 3-63 4-63 1-64 2-64 3-64 IN IT IA L 1 0 5 .7 1 0 7 .0 1 0 7 .2 1 0 9 ,2 QUARTER 10 PREPARED BY FEDERAL RESERVE BANK OF S T . LOUIS FEBRUARY 20, 1 9 «5 P R O D U C T I V I T Y , COMPENSATION, AND LABOR COSTS RATI O SCALE 1977-100 RATI O SCALE 1977-100 SEASONALLY ADJUSTED SOURCE : » . 8 . PERCENTA*tS AM ANNVAL RATES Of C H AN« FOR PER I O S DEPARTMENT Of LA*0# INOICATEO. LATEST DATA fLOTTEDt 4TH WAATE* PREPARED 0T fEDERAl RESERVE 6AN* OF ST. LOUIS UNIT LABOR COSTS, B U SIN ESS SECTOR — ________________ ÇQHPQVHPEO ANNUAL RA T JE S JML -C H A M f_____________________ TERMINAL QUARTER IN IT IA L QUARTER 1-80 2-80 3-80 4-80 2-80 14*9 3-80 11.5 8 .1 4-80 10.4 8 .2 1-81 8 .8 6*8 4 .1 2-81 8 .5 6 .9 5 .6 1-81 2-81 3-81 4-81 1-82 2-82 3-82 1977-100 4-82 1-83 2-83 3-83 4-83 1-84 2-84 3-84 131.8 134.4 8 .3 137.1 138.5 140.9 7*1 3-81 8 .0 6 .7 6 .3 5 .7 6 .5 5.8 4-81 8 .6 7 .6 7 .5 7 .3 8 .4 9 .0 12.3 1-82 8 .6 7 .7 7 .6 7 .5 8 .3 8 .7 1 0 .2 8 .1 2-82 8 .6 7 .9 7 .8 7 .8 8 .5 8 .9 9 .9 8 .7 9 .4 3-82 0*3 7 .6 Z±?._ 7 .4 7 .9 8*1 8 .7 7 .5 7*2 5.0 4—82 JL t* _ . 6 1* 142.9 147.1 150.0 153.4 155.3 6 .8 6 .6 7 .0 7*0 7 .2 6*0 5 .3 3.3 1 .6 6 .1 6 .4 6 .3 6 .4 5*2 4 .5 3.0 1 .9 2 .3 5 *l__ 5 .3 5 .0 4 .9 3 .7 2*9 1.3 0 .1 -0 .6 -3 .5 2 .3 0*9 -0*1 -0.7 -2 .2 1*5 0*8 0 .6 0 .0 155.9 1-83 T t? 6_tS. 6 .4 2-83 6 ,? 5f6 5 .4 3-83 5*8 5*1 4 *9. 4*6 _ 4*$ 4*4 4 ,2 3*1 4—83 5*7 5 .1 4 .9 4 .6 4*6 4 .4 4*2 3*2 1*8 4*5 1-84 5*5 4 .9 4 .7 4 .4 4 .4 4 .2 4 ,0 3 .1 2*5 1*6 1 .0 0 .9 0 .6 2*0 3*4 2 *3 2-84 5#Q 4*4 4jl 1 3 ,9 3 .6 3 .4 2*5 1*9 1.0 0 .4 0 .3 -0.2 0 .7 1*2 -0*4 -3*0 3-84 4 .9 4 .4 4 .1 3 .9 3 .8 3 .6 3 .4 2 .6 2*1 1.3 0 .9 0 .8 0 .5 1 .3 1*9 1*0 0*4 3 .9 4 .7 4 .1 3 .9 3 .6 3 .6 3 .4 3 .2 2 .5 2*0 1.2 0 .8 0 .7 0*5 1.2 1*6 0*9 0*4 2*2 0*5 1-80 2-80 3-80 4-80 1-81 2-81 3-81 4-81 1-82 2-82 3-82 4-82 1-83 2-83 3-83 4-83 1-84 2-84 3-84 4-84 156.8 155.4 - 0 .8 155.1 156.8 157.7 156.5 158.0 '1 5 8 .2 IN IT IA L QUARTER 11 PREPARED BY FEDERAL R ESERVE BANK OF S T .T Ô Ü ÎS ^ FEBRUARY 28 , 1985 CROSS NATIONAL PRODUCT IN CURRENT DOLLARS _______________________ __________________________________________ COMPOUNDED jM fW JAL RAT ES OF CHANGE__________________________________________________________________ B IL L IO N S OF TERM INAL__________________________________________________________________ IN IT IA L QUARTER______________________________________________________________ d o lla r s QUARTER ANNUAL RATES --------- 1-0 Q__ 2-60 3-00 4-80 1-81 2-81 3-81__ t i l -- 1=A2-- 2 = 6 Z 3-92 4 - 9 2 ___I S A __ 2-83 3-93 4-63 1-84 2-84__ 3-84________________ 2-80 0*9 3-80 5*2 9 .7 1-81 11*8 1 5 .6 10.7 2 .5 7 8 .8 4—80 2 .6 3 9 . 1 2 .7 3 6 .0 15,5 2 2 .1 2 * 8 7 5 .8 2-81 __10.6 13.2 14.3 1 3 .7 6 .0 3-81 _ ll,0 13.1 14*0 13*5 9 .5 13.1 4-81 9 .8 1 1 .3 11*6 10*7 7 .1 7*7 2 .5 1-82 8*4 9 .6 9*5 0 .4 5 .2 5*0 1*1 2 .9 1 8 .0 3 .0 0 9 .3 3 .0 2 7 .9 -0*3 3 * 0 2 6 .0 2-82 0*0 9 *0 0*0 7*0 5*1 4*9 2*3 2*2 4*7 3—02 7*5 8*2 0 .0 7 .0 4 .7 4*4 2*4 2*3 3*6 2*5 4-82 7*1 7*8 7*6 6*6 4*6 4*3 2*7 2*7 3*7 3*2 3*061.2 3 .0 8 0 .1 3 .1 0 9 .6 3*9 1-93 7*2 7*8 7*7 6*0 5*1 4*9 3*6 3*8 4 .9 4*9 <►♦2 9*5 2-93 7*6 0*2 0*1 7*4 5*0 5.8 4 .8 5 .2 6*3 6*7 0*2 10*4 12*3 3-93 7*8 0*3 0*2 7 .6 6*3 6*3 5*5 5*9 6*9 7*4 8*7 10*3 11*2 4-93 0*0 0*5 0*4 7 .0 6*6 6*7 6*0 6*5 7*5 7*9 9*0 10*4 11*0 10*3 10*6 1-04 0*4 0*9 0 .9 0 .4 7*3 7*4 6*9 7*4 8*4 0*9 10*0 11*3 1 2 *0 11*9 12*7 14*9 2-84 0*5 9*0 9 .0 0 .5 7*6 7*7 7*2 7*7 0*6 9*1 10*1 11*2 11*7 11*6 12*0 12*0 7*5 7 .1 8 .7 9*5 10*4 10*7 3 .1 7 3 .8 3 .2 6 7 .0 3*3 46 .6 10*1 3 *4 31 .7 3 .5 5 3 ,3 3 *6 44 .7 10*7 3 -8 4 0 *4 0*0 0*0 0 .3 7 .4 7 .5 0*3 10*3 10*4 10*3 0 ,1 5*6 4 —8 4 __ 0 .3 0 .0 0 .7 0 .3 7*4 7 .5 7 .1 7 .5 0*3 8 .6 9*3 10*0 10*2 9*9 9*9 9*7 0*0 6 .7 7*0 1-00 2-00 3-80 4-00 1-81 2-81 3-81 4-01 1-02 2 -92 3-82 4-82 1-83 2-83 3-83 4-03 1-04 2-84 3-84 3*694.6 3*7 64 .2 IN IT IA L QUARTER CROSS NATIONAL PROOUCT IN 1972 DOLLARS ___COMPOUNDED ANNUAL RATES OP CHANCE____ TERMINAL QUARTER 8 IL L I0 N S OF IN IT IA L CMtAftTFR 1-80 - 9 .0 3-80 -4 .3 3-80 4-80 1-81 2-81 3-81 4-81 1-82 2-92 4-82 1-83 2-83 3-83 4-83 1-84 2-84 3-84 ANNUAL RATES 1 1 .4 6 4 .2 -1*6 2*3 3 .8 1-81 1.1 4 .8 6 .8 1 .4 7 7 .9 10.0 1 *5 13 .« 2-81 0 .8 3 .4 4 .3 4 .6 - 0 .5 3-81 1.1 3*3 4 .0 4*0 1*1 2*8 4-81 _CL.2 1 .8 2 .0 1 .6 - 1 .1 - 1 .4 - 5 .4 1*511.7 1 .5 2 2.1 1 .5 0 1 .3 1-82 H ).4 0 .9 0 .9 0 .3 - 2 .0 - 2 .5 - 5 .0 -4 .7 2-82 j-0.5 0 .7 0 .6 0 .1 - 1 .7 -2 .1 - 3 .6 -2.8 -0 .8 0 .5 0 .4 0 .0 - 1 .6 -1 .8 - 3 .0 -2.1 - 0 .9 - 0 .9 —0 .4 - 0 .2 3-82 ItfM 1 Afi? 3-82 1*461.4 0 .8 0 2-80 2-80 4-82 -0 .4 0 .5 0 .4 0 .0 -1 .3 -1 .5 - 2 .3 -1.5 1 .4 8 3 .5 1 .4 8 0 .5 1.4 7 7 .1 1 .4 7 0 .0 0 .5 1-83 -QjlL. 0 .7 0 .7 0 .4 - 0 .7 -0 .8 - 1 .4 -0.5 0.5 0 .9 1 .9 3 .3 2-83 .0 .6 1 .4 1 .5 1 .3 0 .3 0 .4 0 .1 1.0 2 .2 3 .0 4 .3 6 .3 9 .4 3-83 .1 .0 1*8 .1*9 1 .8 1 .0 1.1 0 .9 1 .8 3 .0 3 .7 4 .9 6 .5 8 .1 6.8 4-83 1 .3 2 .1 2 .2 2 .1 1 .4 1 .6 1 .5 2 .4 3 .4 4 .1 5 .1 6 .3 7 .4 6 .4 5 .9 1 .4 9 1 .0 1 .5 2 4 .8 1*550.2 1 .5 7 2 .7 1 .6 1 0 .9 1-84 1 .9 2 .6 2 .8 2 .7 2 .1 2*3 2*3 3*2 4 .2 4 .9 6 .0 7 .1 8 .0 7 .6 8 .0 10.1 2-84 2 .2 2 .9 3*0 3 .0 2 .5 2*7 2*7 3*6 4 .5 5 .2 6 .1 7 .1 7*9 7 .5 7 .7 8 .6 7 .1 3-84 2*1 2*8 3*0 2 .9 2*4 2 .6 2*6 3 .4 4 .2 4*8 5*5 6 .3 6*8 6 .3 6 .1 6 .2 4 .3 1 .6 4-04 2 *3 2*9 3 *1 3*0 2*6 2*9^ 2 *0 3 ,5 4*3 4 .8 5*5 6 .1 6*5 6 .0 5 .9 5 .9 4 .5 3*2 4 .9 1-80 2-80 3-80 4-80 1-81 3-01 4-81 1-82 2-82 3-82 4-82 1-83 2-83 3-83 4-83 1-84 2-84 3-04 2-81 1 .6 3 0 .0 1*645*2 1 .6 6 4 .0 IN IT IA L QUARTER 12 PREPARED 6Y FEOERAL RESERVE SANK Of S T . LO UIS FEBRUARY 21* 1985 GROSS N A T IO N A L PRODUCT RAT 10 SCA L E QUARTERLY TOTALS AT ANNUAL RATES RATIO SCALE T R I L L I O N S OF DOLLARS SEASONALLY ADJUSTED T R I L L I O N S OF DOLLARS 4.2 4 4. I 4.0 3.9 3.8 3.7 3.6 3.5 3.4 3.3 3.2 3. I 3.0 2.9 A A 3 3 3 3 2 . 8 2 2.7 2 2 2 2.5 2 2 ; 2 2 . 0 . 6 I I .9 1 . 8 I . 7 I . 6 I .5 1 .4 1 .3 I . 2 I.I SOURCE: U. S. DEPARTMENT OF COMMERCE PERCENTAGES ARE ANNUAL RATES OF CHANGE FOR PERIODS INDICATED. L A T E S T DATA PLOTTED« 4TH OUARTER PREPARED BY FEDERAL RESERVE BANK OF S T . L O U IS 13 G E N E R A L P R I C E I N D E X * RATI O SCALE RATI O SCALE 1972-100 1 9 7 2- 1 00 19 77 * A S USED 1978 IN HAT IOMAL 1979 1980 1981 1982 INCOME ACCOUNTS SOURCE: PER C EN T A G ES ARE ANNUAL RATES OF CHANGE FOR PER IO D S L A T E S T IA T A PLOTTED« 1983 O .S . 1984 1985 DEPARTMENT OF COMMERCE IN O IC A T E D . 4TH QUARTER PREPARE® «Y FED ER AL R ESERV E BANK OF S T . LO« IS I M P L I C I T P R I C E O E P L A T O R FO R C R O S S N A T I O N A L P R O O U C T ____________ C O M P O U N D E D A f t f U M L R A T E S O f C H A N C E ______________ IN IT IA L t e r m in a l ± 912. -g_ Q UARTER QUARTER lr H . 2 -8 0 10> 9 W O 10*4 2-flO__ 3t ÛÛ 4- 8 0 , I r t i __ 2rtfi 3 - fll__ ffe â l___L=fi2___Z ~t2 3 rfi2 4-82___i-8 3 2-83__ 3brfl3 4-83 1-84 2-86 3-86 9*9____ 8 .8 10*1 11*3 ------- *1_______ 2- â 185*13 -- * * t w _________ 9 .6 1 9 3 -0 3 i 9 .7 l 9*8 9*5 9*7 9*2 8*3 10*0 4 - f ll 9 .3 9 .3 9 -4 8 .9 8 .3 9 .2 8 .3 1- A 2 ft.9 a .6 8.6 8 .1 7 .4 7 .6 6 .5 2—€2 1 .5 t *2 8.2 7*6 7*0 7 .1 3 -1 2 8.0 7*7 7 .6 7*0 6 .4 6 .4 4 —M 2 7*6 7 .3 7 .1 6.6 6.0 l- « 3 7*4 7*1 6*9 6*4 M 9 .4 ------* IW * II I_____ 8 .7 6 .5 1 9 7 .7 0 2 0 1 -6 9 4 .6 M S .M 6.2 5 .1 5*6r 2 0 6 -7 7 5 .5 4 .5 4 .5 3^4 5 .9 5 .1 4 .3 4 .1 3 .4 3 .4 5*8 5 .7 5 .1 4 .4 4*4 4 .0 4*2 2 0 8 .5 3 2 1 0 -2 7 212- 8'? 5 .0 2 -« S 7 .0 6 .7 6 .5 6 .0 5 .5 5 .4 4 .7 4 .1 4 .0 3 .6 3 .7 3 .8 2.6 » -« 3 6 .7 6*4 6.2 5 .7 5 .2 5 .1 4 .5 4 .0 3 .9 3*5 3 .5 3 .6 2 .9 3 .1 4 -« 3 6*6 6 .3 6.1 5 .6 5 .2 5 .0 4 .5 4 .0 3*9 3 .7 3 .7 3 .8 3 .4 3 .7 2 1 4 .2 5 2 1 3 .8 9 2 1 8 .2 1 4 .4 l- « 4 6 .4 6.1 5 .9 5 .5 5 .1 5 .0 4*5 4*1 4*0 3*8 3 .8 3 .9 3 .6 4 .0 4 .4 4 .4 2—€ 4 6.2 6.0 5 .8 5 .4 5 .0 4 .8 4*4 4*0 3*9 3 .7 3 .7 3 .8 3 .6 3 .8 4 .0 3 .9 3 .3 3 -8 4 6*1 5*8 5*7 5*3 4*9 4*8 4*3 4*0 3*9 3*7 3*8 3*8 3*6 3*8 4 .0 3*9 3*7 4*0 4 -9 4 5*9 5*7 5 .5 5 .1 4 .7 4 .6 4 .2 3*9 3*8 3 .6 3 .7 3 .7 3 .5 3 .7 3*8 3*6 3*4 3 .4 1 -6 0 2 -8 0 3 -8 0 4 —8 0 1 -8 1 2 -8 1 3 -8 1 4 -8 1 1 -8 2 2 -8 2 3 -8 2 4 -8 2 1 -8 3 2 -8 3 3 -8 3 2 2 0 .5 8 2 2 2 -4 0 2 2 4 .5 7 2 .8 226*10 IN IT IA L Q U A R T » 14 PREPARED 8 V FEDERAL RESERVE SANK OF ST* LO U IS FEBRUARY 21» 19« 5 PERSONAL CONSUMPTION EXPENDITURES IN CURRENT DOLLARS _____________COMPOUNDED ANNUAL RATES Of CHANGE _ __________ B IL L IO N S Of ___ DOLLARS_____ ANNUAL RATES 3-84 - IN IT IA L QUARTER, QUARTER 2-go l-e o 3-ao 4-bo 01 2-81 3—81 4-81___1-82 2-82 3-82 4-62 1-83__ 2-83 3-83 4-83 1-84 2-84 JU i_ -2-8 Q 1 ,6 2 6 .4 1 .6 8 3 .4 7 .9 __ 14.8 1 -0 0 _4rgQ____1Q.1 1 4 .7 14.6 -1 -fll____10.9 1 4 .3 14.1 13.5 ^2-fll____ 1a * Z 12.3___11.7 1Q.3 7 .2 1«741.3_ 1» 7 9 7 .9 , 1*8 2 9 .3_ 3—81 10.3 12.2 11.5 10.5 9 .0 10.9 4-81 9 .2 1 0 .6 9 .8 8 .6 T.O 6 .9 3 .1 1—82 9 .2 10 .3 9 .6 8 .6 7 .4 7 .5 5*8 1 .8 7 7 .3 1 .8 9 1 .8 8 .6 1*931.3 2-82 8 .0 9 .0 9 .1 8 .2 7 .2 7 .2 6 .0 7 .4 6 .3 3-82 8 .8 9 .7 9 .0 8 .3 7 .4 7 .5 6 .6 7 .8 7 .4 0.5 1 .9 6 0 .9 4-82 8.8 9 .6 9 .1 8 .4 7 .7 7 .0 7 .1 8 .2 0 .0 0 .9 1-83 8 .5 9 .2 8 .6 8 .0 7 .3 7 .3 7 .5 7 .2 7*5 7 .0 4 .0 2-83 9 .0 9 .6 9 .1 8 .6 0 .1 0 .2 7 .0 0 .6 8*6 9 .2 9 .5 9 .6 14.5 3-83 8 .9 9 .5 9*0 8 .5 0 .0 0 .1 7 .0 0 .5 0 .5 * .9 9 .0 0 .9 11.0 7 .6 4—83 8 .9 9 .4 9 .0 8 .6 8 .2 0 .2 0 .0 0 .6 0 .6 9 .0 9 .0 9 .0 10.4 0 .4 2*0 01 .3 9 .3 2*0 46 .1 2 .1 4 1 .6 2 *1 81 .4 9 .3 2*2 30 .2 1-84 8 .9 9 .4 9 .0 0 .6 0 .2 0 .3 0 .0 0 .6 0 .6 0*9 9 .0 0 .9 10.0 * .5 0 .9 8 .6 2-84 8 .9 9 .4 9 .1 8 .7 9 .3 0 .4 0 .2 0 .7 0 .8 9 .1 9 .2 9 .1 10.0 0 .9 9 .4 9 .4 10 .2 3—#4 8 .7 9 .2 8 .8 0 .5 0 .1 0 .2 7 .9 0 .4 0*4 0 .6 0 .4 0 .5 9*2 8*1 0 .3 7 .9 7 .6 5 .0 4-04 0 .6 9 .0 0 .7 0 .3 0 .0 0*0 7 .0 0 .2 8 .2 0 .4 0 .4 0 .2 0J.7 7 .0 7 .0 7 .5 7 .1 5 .6 6 .2 1-80 2-80 3-80 4-80 1-81 2-81 3-81 4—81 1-82 2-«2 3-82 4-82 1-83 2-M 3-83 4-83 1-04 2-«4 3-84 2 *2 76 .5 2 .3 3 2 .7 2 *3 6 1 .4 2 *3 9 7 .4 W I T I A L Q UA RT« PERSONAL CONSUMPTION EXPENDITURES IN 1972 OOLLARS TERMINAI QUARTER IN IT IA I 1-flQ 2 -M - 7 .7 3-00 rl.9 2-flO 3-80 2-81 3-81 4-81 1-82 2-82 3-82 nni i A ft* 4-82 1-83 2-83 3-83 ANNUAL RATES 4 -8 3 1 -8 4 2 -A 4 A4 4 .3 9 2 9 .4 . ... 4-80 0*2 _ 1-01 __ 1 .3 4 .5 4 .5 4 .4 2-81 0 .9 3 .2 2 .8 1 .9 _ 3.T01 1-81 4-80 B IL L IO N S Of ûiiAftTra 4 .6 940-0 9 5 0 .2 - 0 .5 1 .2 3 .1 2 .8 2 .2 4 -fll 0 .5 2 .0 1.5 0 .7 - 0 .5 _ 1-82 0 .8 2 .1 1.7 1*2 2-82 1 .0 2 .1 1.8 1 .3 3-82 1.1 2 .1 1 .9 1 .5 4-82 1 .5 2 .4 2*2 1 .9 1-83 1 .5 2*4 2.2 2-03 2 .2 3 .0 3—03 2 .3 3 .1 9 4 9 .1 1.2 _ 2 .8 9 5 5 .7 - 0 .5 - 3 .7 0 .4 0 .6 - 0 .4 2 .9 Q*Z .. 1 .0 0 .4 2 .6 1 .0 1 .3 0 .9 2 .5 2 .2 2 .2 Lrfc . 1.9 1 .7 3 .1 3 .2 3 .7 5.1 2 .0 1 .7 2 .0 _ 1 .9 3 .0 3 .0 3.3 3 .8 2 .6 2 .9 2 *5 . 2 .6 3 .0 3 .0 4 .1 4 .4 4 .9 5 .8 6 .2 10.0 3 .0 2 .9 2 .7 3 .1 3 .1 4 .1 4 .3 4 .7 5 .3 5 .4 6.9 3.8 3 .4 3 .5 4 .4 4 .6 5 .0 5 .6 5 .7 6.8 5 .3 6 .8 . 944t.fi 9 5 3 .7 2 .2 9 9 8 -9 9 & 4 -7 9 7 6 -3 9 8 2 -5 1 .0 0 6 .2 1 * 0 1 5 .6 4-83 2 .6 3 .4 3 .3 3 *2 .. 3 .1 _ 1-84 2 .7 3 .4 3 .4 3 .3 3 .2 3 .5 3 .6 4 .4 4 .6 5.0 5 .5 5 .5 6 .3 5.1 5 .7 _ 2—04 3 .0 3 .7 3*7 3 .6 3 .5 3 .9 4 .0 4 .8 5 .0 5.3 5 .8 5 .9 6 .6 5 .0 6 .4 6 .3 7 .9 3-84 Zr9 3 .5 3 .5 3 .4 3*3 3 .6 3 .7 4 .4 4 .5 4*8 5.1 5*1 5.6 4 .7 5 .0 4 .3 4 .2 0 .6 4-04 2 .9 3 .5 3 .5 3 .4 3 .4 3 .6 3 .7 4 .3 4 .5 4 .7 5 .0 5 .0 5.3 4*5 4 .7 4 .2 4 .0 2.1 3 .6 1-80 2-80 3-80 4-80 1-81 2-81 3-81 4-81 1-82 2-82 3-82 4-82 1-83 2-83 3-83 4-83 1-84 2-84 3-84 1 .0 3 2 -4 4 .6 1 .0 4 4 .1 1 .0 6 4 .2 1*0 65 .9 1 .0 7 5 .4 IN IT IA L QUARTER 15 PREPARED BY FEDERAL RESERV E BANK O f S T . LO UIS FEBRUARY 21* 1985 _ CROSS PRIVATE DOMESTIC IMVESTMENT IN CURRENT DOLLARS ____________ COMPOUNDED ANNUAL RATES OP CHANCE_____________ _. AruLI1AJ. -- _L£JU11HAJ QUARTO 1-60 3-eo 2-60 2—«0 - 2 3 .« 3-«0 -19.1 - 1 4 .2 4-60 1-61 2-61 3-61 « 1 \M A ftlC K _2-62 4-62 * r fi2 1-63 2-63 3-63 4-63 1—«4 B IL L IO N S OP ............. DOLLARS ANNUAL RATES 2-Ä4 3-A4 %94_* 4-eo - 3 .2 9 .0 36.5 l- e i 10.9 2 5 .7 52.1 6 7 .1 2-r&l 1 1 .1 2 2 .0 3 7 .2 3 6 .6 11.6 3 -61 12*9 2 2 .0 3 3 .3 3 1 .* 16.6 4 —«1 7 .9 1 4 .3 21 .0 1 7 .0 1-62 1 .7 5 .9 9 .7 4 .7 -6.6 -12 .2 -2 5 .6 -3 2 .« 2-62 1 .0 4 .6 7 .6 3 .1 -6 .4 -1 0 .4 -1 9 .2 -19.9 - 4 .5 0 .6 -7 .6 -1 1 .0 - 1 7 .« -1 7 .« - 9 .1 -13.5 3-62 - 0 .6 2 .4 4 .7 4-62 —4*1 - 1 .9 - 0 .4 4 1 1 .7 46A-1 3 .9 4A1-1 22 .2 505 .« 0 .2 -17 .7 4« 1 .7 4 36.2 431.2 4 15.9 - 4 .4 -11*7 -15.1 -21.1 -21.9 - 1 7 .9 -2 3 .9 -33 .1 1-63 - 1 .4 1 .0 2 .6 - 0 .7 - 7 .0 - 9 .4 -13.6 -13.0 2-63 2 .0 4 .5 6 .4 3 .6 -1 .6 - 3 .3 - 6 .5 -4.5 376.2 - 7 .2 -6 .0 - 5 .2 34.3 2 .5 4 .3 1 0 .9 42.6 4 0 5 .0 5 1 .9 4 4 9 .6 3-63 4 .5 7 .0 9 .0 6 .7 2 .0 1.0 - 1 .4 1*2 6 .3 ■11*1- 1 6 .3 4 3 .0 4 7 .* 4 3 .3 4-63 6 .6 9 .4 11.5 9 .5 5 .3 4 .7 3*0 5 .9 13.0 14.2 2 3 .2 4 3 .5 46 .6 4 4 .3 45 .2 1—64 10.3 1 3 .0 15.3 1 3 .6 10.0 9 .9 6 .7 12.2 19.6 2 3 .5 3 1 .0 4 9 .9 54 .0 5 4 .7 * 0 .6 4 9 1 .9 5 4 0 .0 623.6 7 6 .1 2-64 9 .6 1 2 .3 14.3 1 2 .6 9 .4 9 .2 6 .1 11.1 17.5 20.6 2 6 .4 4 0 .* 4 1 .9 3 9 .5 3 6 .2 3 4 .6 2 .1 3-64 10*6 1 3 .0 15.0 13*5 10.4 10.4 9 .4 12.3 16*2 2 1 .1 2 **2 36.2 3 6 .9 3 *»4 34 .7 31*4 12 .9 4-64 9*0 Il.l 1 2 .6 1 1 .4 «♦4 6*2 7 .2 9 ** 1 4 ** 16*7 2 0 ** 29.6 29 .2 2 5 .6 2 2 .* 17*5 2 .3 1-60 2-60 3-60 4 —60 1-61 2-61 3-61 4-61 1-62 2-62 3-62 4-62 1-63 2-63 3-63 4-63 1-64 6 2 7 .0 2 4 .9 6 *2 .6 2 .3 - l * . l 2-64 *3 4 .3 3-64 IN IT IA L QUARTER CROSS PRIVATE DOMESTIC INVESTMENT IN 1972 DOLLARS __________ COMPOUNDED ANNUAL RATES OP CHANCE___________ B IL L IO N S OF TERMINAI QUARTER IN IT IA L QUARTER 1-60 2-60 3-60 4-60 1-61 2-60 - 3 3 .7 3-60 -2 2 .5 4-60 - 6 .4 7 .7 26.1 1-61 1 .9 1 7 .6 34 .0 4 0 .2 2-61 3 .0 1 5 .0 24 .6 2 2 .9 3-61 4 .2 1 4 .0 20.6 16.5 6 .9 4-61 - 0 .2 6 .9 10.5 6 .5 -2 .6 2-61 3-61 4—61 1-62 2-62 3-62 DOLLARS 4-62 1-63 2-63 3-63 4—«3 1-64 2-64 3-64 ANNUAL RATES 202.4 197.4 - 9 .5 210.0 228.5 7 .7 2 3 2 .« 10.2 236.5 - 7 .7 -22.6 2 2 3 .7 204.7 1-82 - 4 .5 0 .6 2 .5 - 2 .0 -10.4 -15.6 -26.3 -2 9 .9 2-62 - 4 .9 - 0 .5 0 .9 - 3 .1 -1 0 .0 -13.9 -20.7 -19.7 -6 .1 200.4 -9 .9 —11.6 194.3 3 —62 - 5 .6 - 1 .6 -0 .6 - 4 .3 -10.2 -13.5 -1 6 .5 -17.1 4—62 -6 .1 - 5 .1 - 4 .5 - 6 .0 -1 3 .4 -1 6 .4 -2 0 .9 -2 0 .5 -17.1 -21*3 -2 9 .9 1-63 - 5 .2 - 2 .0 -1 .2 - 4 .1 2 -6 3 - 1 .6 1 .7 2 .7 0 .5 -3 .2 - 4 .4 - 6 .4 177.6 191.3 -6 .5 -10.6 -1 3 .7 —11.6 - 6 .5 —6 .0 -3 .1 3 4 .0 —3 .3 3 .1 6.1 12.6 4 3 .0 52.5 2 1 2 .* 3 -6 3 0 .6 4 .1 5 .3 3 .5 0 .4 -0 .4 - 1 .7 1.6 6 .3 11.9 16 .7 4 1 .4 4 5 .3 36 .4 4-63 2 .9 6 .2 7 .5 5 .9 3 .2 2 .6 2 .0 5.6 12.0 15.7 2 2 .1 4 0 .3 42.5 3 7 .7 37 .0 2 3 0 .* 1—84 6 .2 9 .6 11.1 9 .9 7 .7 7 .7 7 .5 11.5 16.1 2 2 .4 2 9 .2 4 **1 49 .2 46 .2 5 3 .3 71.5 249.5 265.5 2-64 5 .7 6 .6 10.2 9 .0 6 .9 6 .6 6 .5 10.0 15** 19.0 2 4 .2 3 * .* 37.1 3 3 .5 3 1 .9 2 9 .5 - 2 .2 3-64 6 .7 9 .7 11.0 1 0 .0 6 .1 6 .1 6 .0 11.3 I* * * 19*7 2 4 .3 3 4 .9 35.0 31.6 3 0.2 2 6 .0 1 0 .* 4-64 5 .5 6 .2 9 .4 6 .3 6 .4 6 .4 6 .1 6 .9 13.3 15*7 19.3 2 7 .4 2 * .5 2 2 .7 19.7 15.6 1 .5 1-60 2-60 3-60 4-60 1-61 2-61 3-61 4-61 1—62 2-62 3-62 4-62 1-63 2-63 3-63 4-63 1-64 263.9 300.2 2 5 .0 3 .5 -1 4 .3 2-64 266.6 3-64 IN IT IA L Q U A RT« 16 PREPARED BY FEDERAL RESERVE RANK OF ST* LOUIS FEBRUARY 21, 19«5 GOVERNMENT PURCHASES OF GOODS ANO SER VIC ES IN CURRENT DOLLARS _____ — ------- COMPOUNDED ANNUAL RATES OF CHANGE____________________ TERMINAL QUARTER 2 -8 0 IrflQ 2-60 3-60 4-60 2- a r . 1-61 4-61 Jtd S l 2-62 lr4 2 . Dm i Aft * 4 -82 ANNUAL RATES 1 -8 3 2 -8 3 3 -8 3 4 -8 3 1 -8 4 2 —84 3 -8 4 .1 4 .6 3-flQ 5 3 5 *5 6 .5 _ ...... 1-61 2 .7 5 3 0 -1 9 .0 15.6 .1 1 .4 1 0 .4 14.4 13.2 10.3 9 .3 11.6 9 .6 6 .2 _*= 6 D _ JLCL^O- . . B IL L IO N S OF - IN IT IA L iDUAftTFR 2-61 5 5 9 -0 5 7 6 -A 5 8 5 -3 3-Ü1 10.3 9 .7 11.5 10*2 6 *8 11.4 . 4-61 11.1 10.6 12.2 11.4 10.8 1 3 .2 15.0 1-62 10.4 9 .8 11.1 10 .2 9 .4 10.5 10*1 5*4 2-62 9 .4 8 .8 9 .7 8 .7 7 .8 8 .3 7*2 3 .6 1.6 3-62 10.0 9 .5 10.3 9 .6 9 .0 9 .6 9 .1 7 .3 6 .2 1 5 .0 4 —82 10.5 10.1 10.9 1 0 .4 10.0 10.6 10.5 9 .4 10 .7 15.5 15 .9 1-83 9 .5 9 .0 9 .7 9 .0 8 .5 8 .8 8 .4 7 .1 7 .6 9 .6 7 .0 -1 .3 2-63 8 .9 6 .4 8 .9 8 .3 7 .8 8 .0 7 .5 6 .3 6 .5 7.7 5 .3 0 .4 6 .1 7.0 5 .1 1.7 3 .3 4 .5 5 .4 6.0 4 .3 1.5 2.5 2 .7 6 0 1 .3 6 2 2 .7 3-63 8 .6 8 .1 8 .6 7 .9 7 .4 7 .6 7 .1 6 .0 4-63 6 .0 7 .6 6 .0 7 .3 6 .8 6 .9 6 .4 5 .4 6 3 0 .9 6 3 3 .7 656. 3 6 8 1 .0 6 7 8 .8 2 .0 6 8 2 .2 6 8 9 .8 0 .9 6 9 1 .4 1-64 6 .0 7 .6 7 .9 7 .4 6 .9 7 .0 6 .5 5 .6 5 .7 6 .2 4 .6 2 .7 3 *8 4 .4 4 .3 7 .7 2-64 6 .9 6 .6 9 .0 6 .5 8 .1 8 .3 6 .0 7 .4 7 .6 6.3 7 .4 6 .0 7 .6 9 .0 10 .6 15 .7 3-64 6 .9 8*6 9*0 6 .6 6*3 8*4 8 *2 7*6 7 .6 6*5 7 .7 6 .6 7*9 9*1 10.3 1 3 .6 16.7 9 .6 4-64 9*1 8*6 9*1 8 .7 8*3 8*6 8*4 7*9 8 *1 6*8 8*1 7*1 8*4 9*5 10.5 13.1 14.9 10*5 11 .3 1-60 2-60 3-60 4-60 1-61 2-81 3-61 4-61 1-62 2-62 3-62 4-62 1-63 2-63 3-63 4-63 1—64 2-64 3-64 7 0 4 .4 2 4 .3 7 4 3 .7 7 6 1 .0 7 8 1 .7 IN IT IA L QUARTER GOVERNMENT PURCHASES OF GOODS ANO SER VIC ES IN 1972 DOLLARS ______________ COMPOUNDED ANNUAL RATES.-Of—CHANGE_____________ _______ _ m n iN A L IN IT IA L QUARTER .lr flfl 2 r9 Q __ 3-ttQ. 4-60 l r f l l ___2 r A l __ 3 ~ d l __ 4=41___1=42___2 B IL L IO N S OF DOLLARS ANNUAL RATES Q UARTER. 3-02. _ 4-02___Ir4 3 -6 2 2 -9 3 ___3-83. 4-43___1-64 2-84 3-84 4.Q 0 «0 3-OQ 286.S - 3«6 ___T T T__r.TY___■T■---1-61 0 .7 - 0 .4 1 .4 2-61 0 .3 - 0 .6 0 .5 --2 8 A .O - 1 .3 2 8 5 .1 3-61 o.e_ 0*2 1*2 1*0 3*3 4-61 1.1 0 .6 1.6 1 .7 3 .2 3.1 1-62 1 .1 0 .7 1.5 1 .5 2 .4 2*0 0 .8 0 .7 - 0 .2 -1.8 - 4 .3 1 .9 1.5 1*8 8*3 3 .7 3 .8 4 .8 9 .7 11.1 3.4 1 .0 2 8 7 .4 2 9 0 .2 2-62 0 .5 0 .0 0 .6 0 .3 3-62 1.2 0 .9 1.5 1 .6 4-62 2*1 1 .9 2 .6 2 .9 3 .6 1-63 1*2 0*9 1 #4 1.4 1.8 1*6 1*3 1*4 2-63 0 .9 0 .6 i.i 1 .0 1 .3 1.0 0 .6 0 .6 1.9 - 0 .2 -5 .4 -2*6 3-63 0 .6 0 .6 0 .9 0 .6 1.1 0 .8 0 .5 0 .4 1.4 - 0 .3 -3 .8 -1*6 -0*5 4-63 0 .4 0 .2 0 .5 0 .4 0 .5 0 .2 -O.i - 0 .3 0*4 - 1 .1 - 3 .9 -2 .5 - 2 .4 -4*3 2 8 7 .0 2 9 2 .8 3 0 0 .6 -6.1 2 9 4 .3 292.4 2 9 2 .0 2 8 8 .8 1-64 0*5 0 .3 0 .5 0*4 0*6 0*3 0*0 -0*1 0*3 -0*6 -3*0 -1«*. -1*3 -1*7 1*0 2-64 1 .5 1*3 1*7 1 .7 1 .9 1*6 1*7 1*6 2 .6 1*6 0*3 2*1 3*3 4*6 9 .4 16 .6 3-64 1 .7 1 .3 1*9 2 .0 2 .2 2 .1 2 .0 2 .2 2.9 2 .2 1*0 2*7 3*7 4 .6 6 .1 11*8 3*4 4-64 . . It? It.*.. 2 .1 ___ 2*2 2 t4 ?t4 _ 2*3 **2 5*1 9 .9 5 .6 6 .3 2-63 3-63 1-64 2-64 3-64 1-60 2-60 3-60 __ 4-60 1-61 _ 2-61 3-61 4-61 1-62 U7 2-62 in it ia l »-62 QUARTER 17 4-62 1-63 4-63 289.5 302.1 306.1 . 210*4. . ~ PRIPAREO BY FEDERAL RESERV E BANK OF ST* LO U IS FEBRUARY 21» 1965 DISPOSABLE PERSONAL INCOHE IN CURRENT DOLLARS _______ COMPOUNDE D ANNUAL RATES OF CHANCE__________ TERMINAL QUARTER -I-0 Q .2-00 -Ir.OQ B IL L IO N S OF ___ DOLLARS____ ANNUAL RATES -IN IT I A L QUARTER -----3-0 Q__ _______ l= ftl-----2-01__ 2=01-----4=01-----1=02__ 2=02__ 3r02__ 4-02 1-83 2-B3 3-83 4 -8 3 1-04__ 2 -8 4 3 -8 4 4 .1 i» 7 a 9 « a _ flL*6_ -13 a2.. - A r M ____!Q t 4 » t .» . 1 4 tl 1*900.0 l.Y f Z .3 2-01 10*4 1 2 .1 11.7 10 .5 7 .0 ? t û û 6 .û 3-01 11.2 1 2 J_ 12.6 12 .1 il.O 15.3 4-01 10 ■5 11*4. 11.3 1 0 .6 9 .4 10.6 2*078.6 6.1 2 .1 0 9 .8 1-02 9 .7 1 0 .5 10.1 9 .3 0 .1 0 .5 5 .2 4 .3 2-02 9 .1 9 .0 9 .3 0 .5 7 .4 7 .5 5 .0 4 .5 4 .7 .3= 02 9 .0 9 .5 9 .1 0 .4 7 .4 7 .5 5 .6 5 .5 6 .1 4-02 0 .9 9 .3 0 .9 0 .3 7 .5 7 .6 6 .1 6 .1 6 .7 7 .6 7 .0 1-03 0 .5 0 .9 0 .5 7 .0 7 .1 7 .1 5 .0 5 .7 6 .1 6 .5 6 .1 4 .3 2-03 0 .4 0 .0 0 .4 7 .0 7 .1 7 .1 6 .0 6 .0 6 .4 6.8 6 .6 5 .9 7 .5 3-03 0 .6 9 .0 0 .6 0 .2 7 .6 7 .6 6 .7 6 .0 7 .2 7 .7 T.O 7 .0 9 .6 2 .1 3 2 .0 2 .1 5 6 .8 7 .4 2 .1 9 5 .B 2 .2 3 7 .5 2 .2 6 1 .4 2 .3 0 2 .9 ll.T 2 .3 6 7 .4 4-03 B .B 9 .1 0*0 0 .4 7 .9 7 .9 T .2 7 .3 7*7 0 .2 0 .4 0 .5 10.0 11.2 10.7 1-04 9 .0 9 .3 9 .1 0 .7 0 .3 0 .4 7 .7 7 .9 0 .3 0 .9 9*1 9 .4 10.6 1 1 .7 1 1 .7 1 2 .7 2-04 9 .0 9 .3 9 .0 0 .7 0 .3 0 .4 7 .0 7*9 0 .4 0 .0 9 .0 9 .2 10.2 10.9 10.7 10.6 3-04 9*0 9*2 9*0 0*7 0 .3 0*4 7*0 0*0 • ♦4 0 .9 9 .1 9 .9 10*4 10*1 9 .9 0 .5 0 .4 4-04 0 .0 9*1 0*9 0*5 0*2 f *3 7 .7 7*9 0*2 0*6 0*7 0*0 9 .4 9*0 9 *4 9 *0 7 *4 7 .5 6 .5 1-60 2 -*0 3-00 4-00 1-01 2-01 3-01 4-01 1-02 2-02 3-02 4-02 1-03 2-03 3-03 4-03 1-04 2-04 3-04 2 .4 2 A .6 2 .5 0 2 .2 0 .6 2 .5 5 4 .3 2 .6 0 6 .4 2.647*0 INITIAL QUARTER DISPOSABLE PERSONAL INCOHE IN 1972 DOLLARS __ __ COMPOUNDED ANNUAL RATES Of CHANCE______ QUARTER 2-80 - 5 .3 1 .0 1 9 .2 3-80 2 .9 4-80 3 .5 4 .1 4 .0 4 .6 i- a i BILLIONS OF ___DOLLARS___ ANNUAL RATES I N I T I AL QUARTER -TERMINAL- 1 .6 1 .0 2 9 .6 1 .0 4 2 .5 5 .1 1f 040.7 2-81 1 .2 2 .8 2 .8 2 .2 - 0 .7 3-01 2 .1 3 .6 3 .8 3 .7 3 .0 6 .9 4-81 1 .7 2 .9 2 .9 2 .6 1 .7 3 .0 1-82 1*3 2*3 2 .2 1 .0 1 .0 2-02 1*2 2*1 2*0 1*6 0 .9 3-82 1.2 2 .0 1 .9 1 .6 4-82 1*5 2*2 2 .1 1 .0 1*058.1 -0 .8 1*056.0 1.6 -1 .0 -1.2 1 .0 5 2.8 1.4 - 0 .4 -0.2 0*8 1 .0 1.3 0 .0 0 .2 1 .0 1.2 1 .4 1 .7 0 .7 1.1 1*9 2.4 1.0 5 4.8 1 .0 5 7 .9 1 .0 6 7 .6 3*7 1.0 7 3 .1 1-83 1*5 2*2 2 .1 1 .9 1 .5 1.8 0 .9 1.3 1*9 2.3 2*9 2*1 2-83 1 .7 2*3 2 .2 2 .0 1 .7 2 .0 1*3 1*6 2*2 2*6 3 .0 2*7 3-83 2 .1 2*7 2 .6 2 .5 2 .3 2 .6 2.1 2 .5 3 .1 3*6 4*2 4*3 5*5 7 .7 5 .0 5*3 6 .4 0 .0 0*3 1 .0 0 2 .0 3*4 1*102.2 4-83 2*5 3*1 3 .1 3 .0 2 .8 3 .1 2 .7 3*2 3 .0 4 .3 1-84 2 .8 3 .4 3 .4 3 .4 3 .3 3 .6 3 .3 3.8 4 .4 4*9 5*6 6*0 6 .9 0*2 8 .4 8 .6 2-84 3 .0 3 .6 3 .6 3 .6 3 .5 3 .8 3 .6 4 .0 4 .6 5*1 5*7 6 .0 6 .8 7 .7 7 .7 7 .4 6 .3 3-84 3.1 3 .6 3 .7 3 .6 3 .5 3 .8 3 .6 4 .0 4 .5 5 .0 5 .5 5 .7 6 .3 6 .9 6 .7 6 .2 5*1 3*9 5 .3 5*5 6 .0 6 .4 6*2 5*6 4*7 3*9 3 .9 3-82 4-82 1-83 2-03 3-83 4-83 1-84 2-84 3-84 4-04 3*1 3 .6 3 .7 3 .6 3*5 3 .8 3*6 4 .0 4*5 4 .9 1-80 2-80 3-00 4-00 1-81 2-81 3-81 4-81 1-82 2-82 lt l2 4 .3 1.1 4 7 .6 1*165.3 1 .1 7 6 .5 1*107.7 INITIAL QUARTER 18 PREPARED BY FEDERAL RESERVE BANK OF S T . LO UIS FEBRUARY 21* 1905 CORPORATE PROFITS AFTER TAXES* .RATES OF CHANGE COMPOUNDED ANNUAL TERMINAL QUARTER B IL L IO N S OF nni 1 aoç ANNUAL RATES IN IT IA L QUARTER 4-79 1—80 2—60 3 -6 0 4-80 1-61 2-61 3-61 4-61 1-62 2-82 3-62 4-82 1-63 2 -8 3 4 -8 3 1—8 4 2—8 4 2 .9 .... .1-60 2-60 ..- 2 8 .6 - 5 0 .5 4-60 L-61 1 3 9 -4 -14.4 -21*9 23.3 -11.1 - 1 5 .3 10.7 - 0 .5 —9-6 10.5 4 .5 - 7 .2 146.9 1 4 À -7 9 .9 150.2 2-61 -12*3 -15*1 -2*9 -10.3 -14.8 -3 4 .0 .3 - 6 1 - 9 .2 - 1 1 .1 0 .0 - 5 .1 - 6 .6 -1 3 .9 12 .4 _4-«l “ 9 .5 - 1 1 .2 -2.1 - 6 .5 - 6 .0 -1 3 .3 - 0 .6 -1 2 .0 135 .4 139.4 135*0 1-82 -18.3 -2 0 .6 -15.1 -20.2 - 2 3 . 6 -3 0 .3 -29 .0 - 4 3 .6 -63.8 ___ 2-62 -15.9 -1 7 .8 -1 2 .4 -1 6 .6 -19.0 —¡23.8 -21.0 —29 »8 - 3 7 . 3 104.7 106.9 6 .7 3 —« 2 -14 .6 - 1 6 .2 -11.1 - 1 4 .7 -16.5 —2 0 .2 -1 7 .2 -23 .2 -2 6 .7 0 .4 107.0 4—62 -15.1 - 1 6 .6 -1 2 .2 -15 .4 -17.1 -2 0 .4 -1 7 .9 -22 .8 -2 5 .3 -4.9 -1 1 .1 -21*2 100.8 1-63 -1 3 .6 - 1 4 .9 -10 .5 -1 3 .4 -14.7 -1 7 .4 -1 4 .7 - 1 8 .5 - 1 9 .7 -2 .0 4 .4 -5 .3 -6.1 7 .3 1 0 2 .6 2-63 - 6 .0 - 6 .8 -4 .0 -6 .1 - 6 .7 —6 .4 - 4 .5 —6 .7 - 5 .8 14*0 1 5 .4 20.9 49.9 109.3 3—63 *3 .8 - 4 .3 0 .7 - 1 .0 - 1 .0 - 2 .1 2 .3 1 .1 3 .2 22.9 2 5 .9 33.3 5 8 .6 9 3 .2 7 8 .3 4-63 -3 .8 - 4 .3 0 .3 - 1 .2 - 1 .3 - 2 .2 1*7 0 .5 2 .2 16*6 2 0 .3 24 .6 40*0 52*9 3 0 .7 -4*1 1 2 3 -4 142.6 141.1 1-64 -2 .1 - 2 .4 2 .1 0 .7 0*8 0 .1 3 .9 3 .1 5*0 19*9 2 1 .6 25 .6 37.9 46.8 3 0 .4 1 1 .5 2 9 .8 2-64 - 2 .1 - 2 .4 1 .9 0 .6 0 .7 0 .0 3 .5 2*8 4*4 17.4 18 .5 21*4 30.5 3 5 .6 2 1 .7 7 .2 1 3 .3 3-64 —3*2 - 3 .5 0 .4 - 0 .9 - 0 .9 rl.7 1*4 0*5 1 .6 12*9 13*3 15.1 2 1 .5 2 4 .0 1 1 .7 -0*6 4-79 1-60 2-60 3-60 4-60 1-61 2-61 3-81 4-61 1-62 ¿-82 3-62 4-62 1-63 2-63 3-63 150.6 150*2 -1*1 0*6 -1 1 .5 -20*8 141*7 H.A. 4-84 4-63 1-64 2-64 IN IT IA L QUARTER ♦ NATIONAL INCONE B A S IS H.A. - not availab le PREPAREO ST FEOERAL R ESERV E BANK OF ST * LO U IS FEBRUARY 21» 1965 HISTORICAL SOURCES OF NATIONAL INCOME AND PRODUCT ACCOUNTS DATA The NIPA estimates for 1929-76 are in The National Income and Product Accounts of the United States, 1929-76: S ta tis tic a l Tables (Stock number 003-010-00101-1, price S I0.00). Estimates for 1977-79 and corrections for e a rlie r years are in the Ju ly 1982 SURVEY; estimates for 1980 and corrections for e a rlie r years are 1n the Ju ly 1983 SURVEY; estimates for 1981-83 are 1n the Ju ly 1984 SURVEY. Estimates for the periods since, appear 1n subsequent issues of the monthly Survey of Current Business. These publications are available from the Supirlntendent of Documents, U.S. Government Printing O ffice, Washington, D.C. 20402. For further Information, w rite to the National Income and Wealth Division (BE-54) Bureau of Economic Analysis, U.S. Department of Commerce, Washington, D.C. 20230. 19 INVENTORI ES COMPARED WITH MONTHLY S A L E S * M AN UF AC T UR IN G AND TRADE . 6 8 6 8 . 64 64 .6 0 60 . 56 56 . 52 52 . 48 48 . 44 44 . 40 40 . 36 36 . 32 32 . 28 28 24 I «RATIOS BASED SHADED ARE AS L AT E S T 1976 197 3 1 1979 OH SEASONALLY ADJ USTED DATA. REPRESENT DATA PL OTTE D: 97 7 1978 1974 I P E R I OD S OF B U S I N E S S 1980 1981 SOURCE: 1 1985 U . S . DEPARTMENT OF COMMERCE RECESSIONS. DECEMBER P R E L I M I N A R Y P REPARED BY FEDERAL 20 RESERVE BANK OF S T. LOUIS
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