Full text of National Economic Trends : January 1984
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National Economic Trends J a n u a r y 1984 Preliminary data for the fourth quarter, as recently released by the U.S. Department of Commerce, confirm the progress of the U.S. economy from the 1981-82 recession. Real GNP advanced 6.1 percent for the year ending in the fourth quarter of 1983, exceeding the 5.0 percent average ra te of recovery from the three previous recessions. The composition of the 1983 recovery, however, was somewhat different than during the three previous recoveries. The growth of real consumption was about average, but the advance of gross private domestic investment was particularly strong. All major components of investment dem onstrated relatively strong gains except for investment in nonresidential structures. The net export component of GNP, on the other hand, showed a very large decline, as imports rose sharply relative to exports. Government purchases also slowed the growth of GNP, but not much more than occurred on average over the previous three recoveries. CHANGES IN REAL GNP IV/82 to IV/83 Billions of 1972 dollars Percent Real GNP Personal consumption expenditures Gross private domestic investment Residential fixed Nonresidential fixed Structures Producers' durables Change in business inventories Government purchases Net exports Exports Imports $89.8 52.6 64.1 15.5 18.4 -1.4 19.8 30.2 -6.5 -20.5 5.0 25.5 6.1% 5.4 35.9 38.2 11.5 -2.7 18.3 — -2.2 — 3.7 22.5 Average of three previous recoveries* Billions of 1972 dollars Percent $60.8 38.8 27.3 9.5 5.2 0.9 4.3 12.5 0.6 -5.9 0.2 6.1 5.0% 5.0 16.7 22.6 3.7 2.0 4.7 — 0.3 — -0.2 7.2 4V/70-IV/71, 1/75-1/76, and II/80-II/81 —Keith M. Carlson THE FEDERAL RESERVE RANKof ST.IXHTS v i e w s e x p r e s s e d d o n o t n e c e s s a r i ly r e f l e c t o f f i c i a l p o s i t i o n s o f t h e F e d e r a l R e s e r v e S y s t e m . T O T A L C I V I L I A N E M P L O YM E N T* C Q H f O U t C t O AM NU A L H A T E S O f C HA N CE t e r h i n ai. IN IT IA L MONTH Ul- 7— 6 - f l Ji J-ttJ ' —“ 3 1 0-63 6 -6 2 7 -8 2 P f c k iU N S lt-ft3 <}9t 653 -4 .0 0 -0 2 -1* 9 -0*5 0*7 99.SA3 9 -8 2 -2 .3 - I .0 —P ^ 5 -1 «4 10-82 “ 2*5 -1 .5 -1*4 -2*5 -3 * 2 11-42 -2 ,3 -i* 5 “It i -2 * 1 -2*2 -1 * 3 12-82 -2 .0 -1 .3 -1 .3 -1* 7 -1*7 -1 * 0 -0 * 7 1 -8 3 -1 .5 -0 .9 -0 .7 -1 * 0 -0* 8 0*0 0 .7 2 .1 2 -8 3 1 .2 99.412 99 * 14^ < }9 .n ^ 9fl *9 79 <*9*154 -1* 3 -0 .7 -0 * 6 -0 * 8 -0*6 0 .1 0*6 3 -8 3 -1 .0 -0 .5 -0 .3 -0 * 4 “ 0*2 0*4 0 *9 1 .4 1 .0 1 .8 4 -8 3 -0 .6 -o .i Q*i 0*1 0*3 0 .9 1 .4 1 .9 1 .8 2 .7 3 .6 5 —63 —0 . 4 0 .1 0 .3 P13 0 *5 1*1 1 .5 1 .9 1 .9 2 .4 2 .7 6 -8 3 0 .5 1 .1 1 .4 1*4 1*0 2*4 3*0 3 .6 3 .9 4 .8 5 .9 7 .0 12.5 7 -8 3 0*9 1*5 1*7 1 .0 2*2 2 .8 3*3 3 .9 4 .2 5 .0 5 .9 6 .7 9 .1 5 .9 8 -8 3 1 .0 1 .6 1*8 1*9 2*3 2*9 3 .3 3 .0 4 .1 4 .7 5 .3 5 .8 7 .1 4 .5 9 -6 3 1 .3 1.0 2 .0 2 .1 2 .5 3*0 3*5 3 *9 4 .1 4 .7 5 .2 5 .6 6 .5 4 .6 3 .9 4 .7 10-83 1.3 1 .7 2 .0 2 .1 2** 2*3 3*2 3*6 3 .8 4 .3 4 .6 4 .0 5 .4 3 .7 3 .0 2 .9 1. 1 1 1-83 1 .6 2 .1 2 .3 2 .4 2 .7 3*2 3*6 4*0 4*2 4 .6 5 .0 5 .2 5 .0 4 .5 4 .1 4 .5 4 .4 12-83 1 .7 2 .2 2 .4 2 .5 2 .8 3*3 3*6 4 *0 4*2 4*6 4 .9 5 .1 5 .5 4 .4 5— 82 6 -8 2 7 -6 2 0 -8 2 9 -6 2 10-82 11-02 12-82 1 -0 3 2 -6 3 3 -6 3 4 -8 3 5-6 3 6 -0 3 9 9 . 112 0 .2 IN IT IA L • R E V I S E D FROM 99,316 99 , Aft* 1 .9 99.762 1 00,7*3 in it ? l i l i f AJHA. 3- 1 7 -6 3 8 -8 3 1 01 , f l 7 6 9 -0 3 1O l , 9 7 0 7. 7 I 02 .¿*06, 5 -9 4 -0 10-63 11-83 107 ,941 MONTH 1979. PAYROLL EMPLOYMENT TERMINAL MONTH INITIAL MONTH 5-62 6 -8 2 6 -6 2 -3 * 2 7 -8 2 -3*7 -4 * 3 8 -8 2 -3*3 -3 * 4 7 -6 2 8 -8 2 9 -0 2 10-62 11—62 12-82 1-8 3 2 -6 3 3 -6 3 IHGUSa NOS OF PERKINS 6 —A3 4 -R 3 7— R3 ft -f t 3 <*-R 3 i n - A a 11 , 77b _____ 89, 8 V , ,4^0 A 9 ,*2t± -2 * 5 ft 9 ,,235 _____ 9 -8 2 -2 .6 -2*4 -1*4 -0 .4 10-62 -2* 9 -2*8 -2*3 -2 .2 -3 .9 11-82 -2 .7 -2 .6 -2 .2 -2 .1 -3 .0 frft ,► 936 ft* ,. 7ftS -2 .0 ha, 1 2-82 -2 .6 -2 .5 -2*1 -2*0 -2*5 -1*6 -1 .6 1 -8 3 -1*9 -1*7 -1*3 -1 .0 -1 .2 -0 .2 0 .7 2 -8 3 “ 1*9 -1*7 -1* 3 -1 * 2 -1*3 —0 *6 -0 .2 0 .5 -1 .9 3 -6 3 -1*6 -1 .4 -l.l -0 .9 -0 * 9 -0 * 3 O .I 0 .7 -0 .5 0 .9 4 -8 3 -1 .1 -0*9 -0*5 -0 * 3 -0*3 0*3 0 .8 1 .4 0 .9 2 .4 3 .8 5 -8 3 -0 .7 -0 .4 -0 * 0 0*2 0*3 0*9 1 .4 2 .1 1 .8 3 .1 4 .2 2«4 3 .0 .. ._aa_<JA L „8 6,81 4 ft9 ,.47 1 4 .6 6 -8 3 -0 .2 o .i 0 .5 0 .8 0*9 1*5 2 ,1 2 .7 4 .7 5 .2 5 .8 7 -6 3 0*1 0 .4 0 .0 1*1 1*2 1*0 2*3 2 . 9 ___ 2 . 9 3 .8 4 .6 4 .9 5 .0 4 .2 8 -8 3 -0 .2 -0 .0 0*3 0 *5 0*6 1*1 1*4 1 .8 1 .7 2 .3 2 .5 2.2 1 .5 -0 .6 89,^6A4 fi9. .746 -5 .2 9-63 0 .7 I .0 1 .3 1.6 l.e 2*3 2*8 3 *3 3 ,3 4 .1 4 .6 4 .8 4 .9 4_.6 ___ 4 . 7 0.0 i.1 1 .5 1 .7 1*9 2*4 2*8 3 *3 3 ,3 4 .0 4 .4 4 .5 4 .5 4 .2 4 .2 __ 9 . 3 3 .2 11-8 3 1.0 1 .3 1 .6 1*9 2*1 2*6 3 *0 3 ,4 3 ,4 4 .0 4 .4 4 .5 4 .5 4 .2 4 .3 7 .6 3 .8 4 .4 12-8 3 1.1 1 .4 1.7 2 .0 2.2 2 .6 3 .0 3 *4 3 ,4 3 .9 3 .5 3.7 3 .1 5 -6 2 6-82 7 -0 2 8 -6 2 9—82 10-82 1 1-82 12-82 1 -6 3 2— 83 9—6 3 1 0 - 8 3 1 1 -8 3 P- 4 .3 4 .3 4 .3 4 .0 3 -8 3 4 -8 3 5~«3 6 -6 3 4 .0 7 -6 3 _____ 90, 15.8 6 .5 8 -8 3 91,0fl7 91.413P 91 . IS44 H MONTH P R E L IM IN A R Y ___ 90,, 152 1 0 -8 3 IN IT IA L ___ ,0 9 0 89, PR EPAR ED BY F E D E R AL R E S tR V E JA N U A A Y 6 . 1 9 «4 tVANK. O f ST. LU U 1 S EM PLOYM ENT RATIO SCALE MILLIONS R A T I O SCALE OF PERSONS SEASONALLY ADJUSTED M I L L I O N S OF PERSONS I 15 1 10 105 100 95 90 85 80 75 70 1976 1977 1978 1979 1980 1981 1982 SOURCE: 1983 1984 U.S.DEPARTMENT OF LABOR PERCENTAGES ARE ANNUAL RATES OF CHANCE FOR PERIODS INDICA TED . # DATA REVISED FROM 1970. LATEST DATA PLOTTED. DECEMBER PRELIMINARY PREPARED BY FEDERAL RESERVE 6AH* OF ST. UNEMPLOYMENT SEASONALLY PERCENT LOUIS RATE * ADJUSTED PERCENT 12.0 . 11.0 10. 10.0 9. 9.0 8. 8.0 7. 7.0 6. 6.0 . 5.0 1I 5 4. 4.0 1 976 1977 1978 1 97 9 198 0 1981 1982 SOURCEt U . S . 1983 1984 DEPARTMENT OF LABOft PERCENT OF C I V I L I A N LABOR FORCE L ATEST DATA PLOTTED» DECEMBER * REVISED FROM 197». PREPARED BY FEDERAL RESERVE BANK OF ST . 3 LOU IS CONSUM ER P flT C E IN D E X P OR A L L URBAN C O N S U M ERS , S E A S O N A L L Y A O JU S T E O * _______________________ C OH PO UN OEO A N N U A L R A T E S O f CHAN GE________________________ T E R M I N A L ____________________________ HON TH 6— 8 2 5 -8 2 7 -8 2 8 -8 2 6 -8 2 13.8 IN IT IA L 9 —02 10-82 11-82 12-82 1 -83 MONTH 2 -8 3 3 -8 3 _______________ 4 -8 3 6 -6 3 5 -8 3 7—6 3 ____________ 8 -8 3 1967-100 9 -8 3 11-93 1 0-83 2 9 0 .0 7-8 2 1 0 .5 7 .3 8 -8 2 8 .2 5 .5 3.8 9 -8 2 6 .4 4 .1 2.5 10-82 6 .1 4 .3 3 .3 3 .1 5 .0 11-82 5. 1 3 .4 2 .5 2. 1 2 .5 0 .0 12-82 3 .9 2 .3 1 .3 0 .7 0 .5 -1 .6 2 91 .7 2 92 .6 2 92 .9 1 .2 2 94 .1 294 .1 2 9 3 .3 -3 .2 1 -8 3 3 .6 2 .3 1 .4 1 .0 0 .9 -0 .4 —0 . 6 2 .1 2 -8 3 2 .9 1. 7 0 .9 0 .4 0 .2 -0 .9 -1 .2 -0 .2 3 -8 3 2 .8 1 .7 1 .0 0 .6 0 .5 -0 .4 -0 . 5 0 .4 1 .4 1 .4 0 .8 1 .0 2 .0 2 .1 1 .6 1 .9 2 9 3 .8 -2 .4 2 9 3 .2 2 93 .6 —0 . 4 1.6 2 .1 2 .1 4 .4 7 .2 3 .0 3 .2 5.1 6 .9 6 .7 2 .0 2 .9 3 .0 4 .5 5 .4 4 .6 2 .4 3 .2 3 .4 4 .6 5 .3 4 .7 3 .7 4 .9 3 .4 3 .6 4 .7 5 .3 4 .9 4 .2 5 .1 5 .3 4 -8 3 3 .2 2 .2 1 .6 5 -8 3 3 .5 2. 6 2 .1 6 -8 3 3 .4 2. 6 2 .2 2 .0 2 .1 1 .7 7 -8 3 3 .5 2 .8 2 .4 2 .3 2 .4 2 .1 8 -8 3 3 .6 2 .9 2 .6 2 .5 2 .6 2 .4 2 .7 2 95 .3 2 9 6 .9 2 .5 2 97 .5 2 9 6 .7 3 00 .0 9 -8 3 3 .8 3. 1 2 .8 2 .8 2 .9 2. 7 3. 0 3 .7 3 .9 4 .0 5 .4 5 .0 4 .6 5 .3 5 .5 10-83 3 .9 3 .3 3 .0 3 .0 3. 1 2 .9 3 .2 3 .9 4 .1 4 .9 5 .4 5.1 4 .8 5 .3 5 .5 5. 5 5 .3 11-83 3 .8 3 .3 3 .0 3 .0 3 .1 3 .0 3 .2 3 .8 4. 0 4 .0 5 .2 4 .9 4 .6 5 .0 5 .0 4 .9 4 .5 3 .6 12-83 3 .8 3 .3 3.1 3 .0 3 .1 3 .0 3. 2 3 .8 3 .9 4 .6 4 .9 4 .7 4 .4 4 .7 4 .6 4 .5 4 .0 3 .4 3 .2 5 -82 6— H 2 7 -b 2 e-ffz "9— 6 2 1U - 0 2 1 1 - B 2 T 2 - 5 2 1 -9 3 2 -8 3 4 ^ 83 5—83 6 -3 3 7 -8 3 8 -8 3 9 -8 3 1 0-33 1 1-63 ♦D A T A 6 E G INN I NG 1983 INCO RPORATES RENTAL EQUIVALENCE 3 -3 3 P R O D U C E R P R I C E I N D E X , F I N I S H E D GOOOS - S E A S O N A L L Y CON POLING ED AN N UA L R A T E S O f CHAN GE TERMINAL MONTH IN IT IA L 6 -9 2 1 2.0 6 -9 2 7 -0 2 0 -8 2 9— 82 1 0-82 1 1-92 3 0 2 .7 3 0 3 .6 3 0 4 .4 I N I 11 A'L~ffUN TTT MEASURE. P R E P A R E D ÔV F E D E R A L J A N U A R Y 2 4 , 1994 5 -8 2 3 0 1 .4 5 .7 12-82 1 -9 3 f t E S E t t V r ôAnk OF S t . AOJUSTEO* MONTH 2 -9 3 3 -9 3 LO U IS 1967 4 -9 3 5 -6 3 6 -9 3 7 -8 3 8 -9 3 9 -9 3 1 0-63 100 11-63 279' 9 7 -8 2 9 .2 5 .7 0 -8 2 0 .0 5 .7 5 .7 9 -9 2 6 .3 4 .2 3 .5 1 .3 10-82 5 .9 4 .2 3 .0 2 .0 4 .3 11-82 6 .2 4 .9 4 .7 4 .3 5 .9 1 2-92 5 .8 4 .7 4 .5 4 .2 5 .2 5*6 3 .8 1 -9 3 3 .4 2 .1 1 .5 0 .7 0 .5 -0 .7 -4 .5 -1 2 .2 2 -9 3 3 .2 2 .1 1 .6 0 .9 0 .9 0 .0 -2 .4 -5 .3 2 .1 3 -8 3 2 .6 1 .5 1 .0 0 .3 0 .1 -0 .7 -2 .6 -4 .7 -0 .6 -3 .3 4 -8 3 2 .3 1 .3 0 .9 0 .3 0 .1 —0 . 6 -2 .1 -3 .5 —0 . 4 -1 .7 -0 .1 2 62 .5 2 #2 ♦9 2 9 3 ,6 7 .4 2 9 > .^ 2 66 .4 293*3 £ 93 ,$ 2 6 3 .0 0 .0 2 0 3 .0 5 -6 3 2 .4 1 .5 1 .1 0 .6 0 .5 -0 .1 -1 .3 -2 .2 0 .4 1 .5 3 .0 6 -0 3 2 .7 1 .9 1 .5 1 .1 1 .1 0 .7 -0 .2 -0 .9 1 .5 1*4 3 .0 4 .5 6 .1 7 -6 3 2 .5 1 .0 1 .5 1. 1 1 .1 0 .7 -0 . 1 -0 .7 1 .4 1*3 2 .5 3 .3 3 .4 2 6 3 .7 2 6 5 .1 0 .8 2 65 .3 8 -8 3 2 .7 2 .0 1 .7 1 .4 1 .4 1 .1 0 .4 0 .0 1 .9 1*8 2 .9 3 .6 3.9 2 .8 4 .7 9 -8 3 2 .6 2 .0 1 .7 1 .4 1 .4 1 .2 0 .6 0 .2 1 .9 1 .9 2 .8 3 .3 3 .4 2 .5 3 .4 2 .1 10-93 2 .7 2 .1 1 .9 1 .6 1 .6 1 .4 0 .9 0 .6 2 .1 2 .1 2 .9 3 .4 3 .5 2*9 3 .6 3 *0 3 .8 11-63 2 .4 1 .9 1 .6 1 .4 1 .4 l . l 0 .6 0 .3 1 .7 1 .6 2 .3 2 .6 2 .6 1*9 2 .1 1 .3 0 .9 -2 .1 1 2-83 2 .5 1 .9 1 .7 1 .5 1 .5 1 .3 0 .8 0 .6 1 .8 1*9 2 .4 2 .7 2 .6 2 .0 2 .3 1 .7 1 .5 0 .4 3 .0 5 -8 2 6 -8 2 7 -8 2 6 -8 2 9~€2 10-82 11-82 12-92 l - i i 5 -9 3 6 -8 3 7 -8 3 9 -9 3 9 -9 3 1 0-93 11-93 2 6 6.4 2 96 . 9 287.6 297.3 2 88 .0 T R I T I A l HOWm ♦ D A T A FOR POUR MONTHS AGO R E V I S E D TO R E F L E C T LATE RE POR T I N C É>f*ÉÉ»AREO B Y F E D E R A L JA N U A R Y 1 3 , 1984 4 RESERVE BA* *To F T t . lO U iT RATIO PRICES SCALE I967 - I O O s ea s o n a l l y cc h - is w e r p r i c e C f I - t j DA I A PERCENTAC£ 5 AJE LA T E ST DATA tw oe x !M 9 AMHWAL PLOTTEJ, jakhsajy 197* is l » C O * P O * A T E A i EH T T A i HATES Of CHAM* r a t io f m a l l ur*A* e o # s t ì« * 8 ( C M - t n . E W I V A L E J t C E MEASURE PO* HC**€0» *f RSH I f HE CEJrtt * PRODUCER SCALE 19 67-100 DATA PLOTTED, DE C E W E R FEDERAL HEW JVt »At« PRICES SEASONALLY Of $T scale 1967 - 1 0 0 IM* ! CATEO P R EP A R E D 5 LO UIS RATIO ADJUSTED PEAC£MTa *€S ARE AJ**OAL RATES Of CMAWf rot f U l « $ LATEST CMTS F OK PER I OD S I N D I C A T E D P RE PA R E C I T RATIO scale 1967-100 a dj u st ed It F ED E R A L RE S ERV E #AJ« Of ST L0« I » PROO OCER PR ICE INDEX, FINIS«CO CONSUMER F00OS - S E A S O N A L L Y A O J U S T E D * ___________ __________ C O H P O U N O f D A N N U A L RATES OF CHA NG E___________ _________________ TERM INAL MONTH IN IT IA L 5 -6 2 6 -8 2 6 -8 2 5 .6 7 —82 -6 .9 - ■17.9 7—82 8 -8 2 9 -6 2 1 0-62 11-82 12-82 1 -8 3 * vqç) MONTH 2 -6 3 3 -8 3 4 -6 3 5 -6 3 6 -6 3 7 -6 3 6 -8 3 9 -8 3 1 0-63 n ¿6 3 ,5 8 -8 2 —4 *3 -9 .0 0 .9 9 -8 2 —4 . 5 -7 .7 -2 .1 10-82 -3 .7 -5 .9 -1 .5 -2 .7 -0 .5 11-82 -3 .1 -4 .8 -1 .2 -1 .8 “0 . 2 0 .0 12-82 “ 2 .3 -3 .5 -0 .4 -0 .7 0 .8 1.4 ¿5 9 ,4 -5 .0 236*3 238 .2 2 3 8 .2 2 .8 256 .8 1 -8 3 -2 .3 -3 .4 -0 .7 -1 .0 0 .0 0 .2 0 .2 -2 .3 2 -8 3 -0 .7 -1 .5 1 .1 1 .2 2 .4 3 .2 4 .2 5 .0 12.8 3 -8 3 -0 .4 -1 .1 1 .3 1 .3 2 .4 3 .0 3 .8 4 .1 7 .4 ¿ 38 .3 260 .9 ________ 2 6 1 . 4 _______ 2.3 m 00 • 4- 0 .8 0 .3 2 .6 2 .8 3 .9 4 .7 5 .7 6 .4 9 .5 7 .8 13.6 5 -8 3 0 .2 -0 .2 1 .7 1 .8 2 .7 3 .1 3 .7 3 .8 5 .4 3 .1 3 .5 -5 .7 6 -8 3 -0 .3 -0 .8 0 .9 i 0 .9 1 .6 1 .9 2. 1 2 .0 2 .9 0 .6 0 .0 -6 .2 264 .2 2 62 .9 2 61 .4 —6 . 6 7 -6 3 -0 .9 -1 .4 0 .1 0 .0 0 .6 0 .7 0 .8 0 .5 0 .9 -1 .3 -2 .2 -6 .9 -7 .5 -8 .4 8 -8 3 -0 .5 -1 .0 0 .5 0 .4 0 .9 1 .1 1 .2 1 .0 1.5 -0 .3 -0 .8 -4 .1 -3 .6 -2 .0 4 .7 9 -8 3 0 .0 -0 .3 1 .1 1.1 1 .6 1 .8 2 .0 1 .9 2 .4 1 .0 0 .8 -1 .6 —0 . 6 1 .5 6 .9 9 .1 10-63 0 .8 0 .5 1 .9 1 .9 2 .5 2 .7 3 .0 3 .0 3 .6 2 .5 2 .6 0 .8 2 .2 4 .5 9 .2 1 1 .6 14. 1 11-83 0 .1 -0 .2 1 .0 1 .0 1 .5 1 .6 1 .7 1 .6 2 .0 0 .9 0 .7 -1 .0 -0 .2 1 .2 3 .7 3 .4 0 .7 - 1 1. 1 12-83 0 .6 0 .3 1 .5 1 .5 1 .9 2 .1 2 .3 2 .2 2 .7 1 .7 1 .6 0 .2 2 .5 4 .8 4. 8 3 .4 -1 .6 9 .0 T I —82 12-82 1-Í3 T-8 3 > -8 3 4 -6 5 8 - 6 3 - 9— 8 3 1 0 - 8 3 i l -8 3 I . 1 5 -8 3 6 -6 3 2 39 .3 2 6 0 .5 7 -6 3 2 62 . 4 263 .3 2 6 2 .7 2 04 .6 INITIAL H d n t h »D ATA FOR FOU R MONTHS AGO R E V I S E D TO R E F L E C T LATE RE PO R T I N C I N D E X , F INI SHE0 G O O D S , E X C L U O I N G FOO DS COMPOUNDED A N N U A L R A T E S OF CHAN GE PROD UC ER PR I C E TERMINAL MONTH IN IT IA L 5 -82 6— 82 7 -6 2 8 -8 2 6 -6 2 15.1 7 -8 2 1 4 .8 14.4 8 -6 2 1 2. 1 10.6 6 .9 9 -6 2 9 .7 8 .0 4 .9 3 .0 9 -62 10-62 11-82 12-82 1 -6 3 SEASONALLY ACU U S T t D* MONTH 2 -6 3 3 -8 3 1967 4 -8 3 5 -83 6 -8 3 7 -8 3 8 -8 3 9 -6 3 * 100 il-3 ? ¿ 0 3 ,4 _ 268*2 2 88 .9 10-62 9 .0 7 .5 5 .3 4 .5 6 .0 11-62 9 .0 7 .9 6 .3 6 .1 7 .7 9 .5 12 “ 82 8 .3 7 .3 5 .9 5 .6 6 .5 6 .8 4 .2 2 90 .3 2 9 2 .3 2 93 .3 1 -6 3 5.1 3 .7 2 .0 1 .1 0 .6 -1 .1 -6 .0 -1 5 .2 2 -6 3 4 .4 3 .1 1 .6 0 .7 0 .2 -1 .1 -4 .4 -6 .5 -1 .2 3 -6 3 3 .4 2 .2 0 .8 -0 . 1 —0 . 6 -1 .8 -4 .4 -7 .2 -2 .9 -0 .6 4 -8 3 2 .7 1.6 0 .2 5 -8 3 3 .0 1 .9 0 .8 0. 1 6 -8 3 3 .5 2 .6 1 .6 7 -6 3 3*6 2 .7 8 -6 3 3 .6 2 .9 2 89 .3 2 8 9 .2 286. 1 -4 .5 -l.l -2 .2 -4 .4 -6 .4 -3 .3 -4 .3 -4 . 1 -0 .3 -1 .1 -2 .8 -4 . 1 -1 .1 -1 .1 0 .6 5 .6 1 .1 0 .9 0 .3 -1 .0 -1 .8 l.l 1 .7 3 .8 8 .0 1 .8 1 .4 1 .2 0 .7 —0 . 4 -1 .0 1.6 2 .2 3*9 6 .7 7 .3 4 .2 2 .0 1 .6 1.5 1 .1 0 .2 -0 .3 2 .0 2 .6 4 *0 6 .2 6 .4 4 .4 4 .6 2 .3 3 .4 5 .0 4 .9 3 .1 2 .5 0 .4 2 .4 2 87 .1 2 66 .4 10.5 2 90 .8 2 9 1 .8 2 92 .9 9 -8 3 3 .4 2 .7 1 .9 1 .5 1 .4 1 .0 0 .2 -0 .2 1 .8 10-63 3 .3 2 .6 1 .8 1 .5 1 .3 1 .0 0 .2 -0 .2 1 .7 2 .0 3*0 4 .2 4 .0 1 .8 0 .4 0 .4 1 1-83 3 .1 2 .5 1 .8 1 .4 1 .3 1 .0 0 .3 -0 .0 1.6 1 .9 2 .8 3 .8 3 .5 2 .2 1 .7 0 .7 0 .8 1 .2 1 2-63 3 .0 2 .4 1 .7 1 .4 1 .3 1 .0 0 .3 0 .0 1 .5 1 .8 2 .6 3 .4 3 .1 1.9 1.5 0 .7 0 .8 1 .0 0 .8 5 -6 2 6 -8 2 7 -6 2 i-8 2 9 -6 2 10—62 1 1-82 L 2-82 1 -ô i ¿-ft* 3 -6 3 4 -6 3 5 -6 3 6 -6 3 7 -6 3 6 -6 3 9 -6 3 10-63 11-63 2 9 3 .0 293. 1 293*4 293 .6 IN IT IA L HûkTH * 0 A T A FOR FOU R MONTHS AGO R E V I S E D - 259*2 TO R E F L E C T LATE R £ PO R T IN G P R E P A R E D BY F E D E R A L J A N U A R Y 1 3 , 1964 6 RESERVE BANK OF ST. LUUl S IN D U S T R IA L P R O D U C T IO N RAT I 0 S C A L E 1976 RAT I 0 SCALE 1977 1978 1979 1980 rEKCEM TAfrtS AUE AMHIJAL RATES Of C H A H « F W LATES T M Ì A 1981 1982 1983 1984 PEA I OD5 I MO I CATEO PLOTTED t DECtJttCR f RE I IU I MARY PREPARED I Y FEDERAL RESERVE I AM* Of S T. LOO IS I N D U S T R IA L PRODUCTION ________________________________ C O H PO UN QE P A N N U A L R A T E S OF C H A N SE __________________________________ TERM INAL Th _________________________________________________________I N I T I A L MONTH_________________________________________________________________________ 1967 ■ 10Q hOn 5 -8 2 6 -8 ? 7-9 2 8 -8 2 9 -6 2 1 0 -6 2 1 1 -6 2 R -8 2 1 -8 3 2 -8 3 3 -8 3 4 -8 3 5~83 fr~8 3 7 -8 3 9 -3 3 9 -8 3 1 0 -6 3 1 1 -8 3 _________________ 6 -8 2 —4*2 7 -6 2 -1 .7 0 .9 8 -0 2 -2 .3 -1 .3 -3 .4 9 -6 2 -4 .0 -4 .0 -6 .3 10-62 -5 .9 -6 .3 -8 .6 -1 1 .1 -1 3 .1 11-62 —6 . 1 -6 .4 -8 .2 -9 .7 -1 0 .0 1 2-62 -4 .9 -5 .0 -6 .1 —6 . 8 -6 .0 -2 .2 2 .7 1—03 - 1 .9 -1 .6 -2 .0 -1 .7 0 .2 5 .1 1 1.6 2 1.4 2 -6 3 -1 .1 - 0 .6 -0 .9 -0 .4 1 .4 5 .4 9 ,8 1 3.6 6 ,3 3 -8 3 0 .7 1 .3 1 .3 2 .0 4 .0 7 .8 11.8 15 .0 1 1.9 1 7.8 4 -6 3 2 .7 3 .4 3 .7 4 .6 6 .7 10.4 14.3 17.3 16.0 2 1.2 2 4.7 5 -6 3 3 .7 4 .5 4 .9 5 .8 7 .9 11.2 1 4.6 17.1 16,1 19,5 2 0,4 16,2 6 -8 3 4 .8 5 .6 6 .0 7 .0 8 .9 12.1 15.1 1 7.3 16.4 1 9.1 1 9.6 17,1 1 7,9 7 —6 3 6 .4 7 .3 7 .9 8 .9 10.9 14.0 1 6.9 19.1 1 8.7 2 1.* 22.3 2 1,5 24a 30,7 8 -8 3 7 .2 8 .0 8 .6 9 .7 11.6 1 ^ .4 1 7,0 19.0 18.6 20,8 2 1 ,4 2 0,6 2 2,1 2 4 .3 18.2 9 -6 3 7 .6 8 .6 9 .2 10.2 12.0 1 4.6 1 7.0 1 8.8 18.4 o Zl 20.7 1 9.9 20.8 21,8 1 7.6 17,0 10—83 7 .9 8 .7 9 .2 10.2 11 . 8 14». 2 1 6.4 17.8 17.4 1 8.9 19,1 1 8.1 18.5 18,7 1 4,9 13 ^3 9 .8 1 1-63 7 .9 8 .7 9 .2 10. 1 1 1.6 13.8 1 5.7 17.0 16.5 1 7,7 17,7 16,8 16,9 1 6,6 n .4 11.8 9 .3 8 .9 12-63 7 .9 8 .6 9 .0 9 .9 11 . 3 13.2 1 5.0 16.1 1 5.6 1 6.6 16,4 1 5,4 15,3 1 4.9 1 1,9 1 0.4 8 ,3 7 .6 6 .3 7 -8 2 8 -8 ¿ 9 -0 2 10-82 T I h k T 12-82 1 -8 3 2 -8 3 3 -8 3 4 -8 3 5 -8 3 6 -8 3 7 -6 3 8 -8 3 9 -8 3 10-83 1 1-83 5 -8 * 138.7 138 .i> 1 3 9 ,4 —9 . 1 1 3 7 .3 ln??*_7 —6 . 8 1 3 4 .9 1 3 5 .2 137 138. 1 IN IT IA L P- P A É L lN lN A ftY " 14Q.Q 1 42 16 1 44.4 1 4 6 .4 149 .7 1 51.8 153 t í 1 5 5 .0 1 5 6 .IP 1 5 6 . 9P MONTH "" P R E P A R E ) BY F f D € R A L J A N U A R Y 1 3» 1964 7 RESERVf BANK OF ST. LOU TS PERSONAL RATIO SCALE TRILLIONS m onthly OF DOLLARS I NC OME totals at SEASONALLY annual RATIO RATES TRILLIONS ADJUSTED OF 3. SCALE DOLLARS 3 . I 3.0 2.9 2.8 2.7 2.6 2.5 2.4 2 . 3 2. 2 2. I 2 .0 . 9 .8 . 7 .6 . 5 . 4 . 3 . 2 . 1976 1977 1978 1979 1980 1981 1982 SOSRCEi PERCENTAGES ARE ANWUAl RATES Of CHANCE FOR PERIODS LATEST DATA PLOTTEDt b.s. 1983 I 1984 DEPARTMENT Of C O E R C E IN DICATED. DECEMBER PRELIMINARY PREPARED I Y FEDERAL RESERVE. IANK Of ST. PE RS ON A L TtK ^lN AL _ in it ia l LOfllS IN COME Ö I L L I QMS O f -------- D O L LA RS-------A ^ l U L KA Tt i> m o n th MONTH 5~8Z fr~8Z 7 -8 2 9 -8 2 9 -B Z 10-82 Il-fl? 12 - 8 2 ___ l ~ f l j ___Z.rft3___ ________ f e- Q ^ ___ S - 8 ^ ___ 6= 6 3 ___Z r Ä 3 __ 1 0 - 0.^ U - ^ 3 6 -0 2 _J^A2 .Ç..4 J L iJ - _*- 02 12_-9Z_ 3-63 6 -8 3 3,* 4 ,7 _5 . 4 7.2 5tl 5tZ 5.7 5,0 5 .4 .A t? 4 t fr 5_,2 6 , 9 ____ 7 . 5 _6.5 -¿t-Q 5 . Q 4.r£. At 1 5,1 5 ,5 5 .1 JEt? 6.Z 6.Q 6.9 .6 .2 . 6.0 6. Ö 6,9 6 .7 5 .9 6^0 3-a3 . 2 . 4 ___~ 1 » 4 - 3,5 5.6 -3*8__ Z-«7 -0 .9 4 .3 7 .1 6 .7 6 .7 7 1Q 6,6 7 .0 6^1 6 . 6 ____ 6 . 7 9 . Ü ____ 9 . 0 6 .4 6 .3 7 , 9 ___ 7«7_ 6.1 5.8 6t? 7 ,1 6* 6____ 6 . 9 6^8 7 ,0 7 .2 7t 2 7 .7 7 .9 7 .6 7 .8 6 -8 2 7 -6 2 8 -8 2 9 -8 2 10— 82 11-52 J U r ?3 1 .3 4 .9 5 .7 6-?__6t 1 C>» 4. 5 . 4 ____ 4 . 5 6 . 9 ____ Z * 1 ___ LÛa 1 1 . Ù___ 1 4 , 4 7 .4 9 . 7 ___ 1 Û . 1 6 .4 6 , 0 ____ 6 . 9 ____ 7 . 4 7.* J L t fr ____ L t l ____ Z j J i ____ l ± £ ____ ________ 8 . 2 5-8 2 7 . 7 ___1 1 . 3 7 . 5 ____ 7 . 7 ____ 3 . 1 9 .1 9 .3 9^6 li.^ n 9 . 9 ___ 1 Q . 7 9 . 4 ____ 9 . 4 ____ 9 . 5 ____ 9 . 5 12-62 1 -8 3 2 -6 3 3 -6 3 4 -6 3 5 -6 3 6 -6 3 7 -6 3 6 -6 3 9 -6 3 10-63 11-63 I N IT IA L «ONTH PRELIMINARY PREPARED ÖY FEDERAL RtSER V E JAN U AR Y 8 19, 1964 »Am OF S T . LOUIS RETAIL RATIO SALES RAT I 0 SCALE BILLIONS OF DOLLARS SEASONALLY B I L L I O NS ADJUSTED OF SCALE DOLLARS I I0 I 05 10 0 95 90 85 80 75 70 65 60 55 50 45 1976 1977 1978 1979 1980 1981 SOURCEi PERCENTAGES ARE AHWUAL RATES OF CHANGt FOR PERIODS LATEST DATA PLOTTED: NOVEMBER. 1982 U .S . 1983 1984 DEPARTMENT OF COMMERCE I HO I CAT ED. DECEMBER ADVANCE ESTI HATE PREPARED &Y FEDERAL RESERVE BAN* OF ST. R E T A IL LOUIS SALES T6PHJNAL MONTH M ILLION S OF____ DO LLARS ----- 6 -6 2 -2 5 .6 7 -8 2 -8 .6 12.4 8 -8 2 -7 .5 3 .2 -5 .2 9 —8 2 -3 ,0 6 .Q 2 .9 11.7 10 -8 2 0 .2 8 .0 6 ,6 13.0 14 *3 11-82 3 .7 1 0,? 10.5 16*3 18.6 2 3.1 1 2-82 3 .1 8*9 8 .2 11.9 11 , 9 10.7 -0 .4 1 -8 3 2 .5 7 .2 __8 , 9 8 .2 6 .3 - 1 *3 -2*1 2 -8 3 0 .5 <►,4 3 ,3 4 ,8 3 ,4 0 .9 —5 , 6 -8 .1 3 -8 3 3 .2 7 .1 6 .4 8 .2 7*6 6*3 2 .5 4 -8 3 5 .6 9 .3 9 10 10*9 1 0,8 10.2 7 .8 5 -8 3 8 .4 12.2 12 11 14*3 14,6 14.6 6 -8 3 8 .5 11,9 U t9 1 3.8 14,0 1 3.9 7 -8 3 8 .2 11 .3 11.2 12.9 13.0 8 -8 3 6 .1 8 .8 8 .6 9 ,8 ------------------ 8 8,603 ----- 8 9,46 9 8 9,069 89 p 6 9 7 90.905 9 7.49 ? 92.459 92.295 -1 3 .8 6 .5 91.164 3 1.4 95.449 1 0.0 1 4.4 31.7 32.1 1 3,3 16.2 2 1.3 3 5.9 3 8.2 4 4.7 12,7 15 r 1 1 0.8 2 8.7 2 7.9 25.6 9 .4 12*8 11*6 13*4 16*3 23*4 2 1* 5 18.2 6 .8 4*3 9 ,6 9 .2 7*7 8*8 1 0.4 15.1 12.1 7 .6 -2 .5 -8 .0 -1 8 .9 98.431 99.173 99.521 9 7.801 9 -6 3 6 .9 9 .5 9 .3 10.5 10 , 4 10*0 8t 8 9 .8 11*4 15* 6 13,1 9*7 2 .4 0*1 -1 * 9 1 8.6 10-8 3 7 .7 10.2 10.0 11.2 1 1.2 10*9 9 .9 11*0 12*5 16*3 14*3 11*6 6*0 5*1 5*4 20*2 21*7 11-83 8 .0 10.4 10.3 1 1.4 11 . 4 11*2 10*3 1 1.3 12*7 16*1 1 4,3 12*0 7*3 6*9 7 .6 1 8.2 1 9.0 1 4.4 1 2-63 7 .7 9 .9 9 .7 10.7 10.7 10*4 9 .5 1 0.4 11*6 14*5 12*8 10*6 6 *4 5*9 6 ,2 13*6 12*0 7*5 0 .9 5 -8 2 6— 82 7 -8 2 8 -8 2 9 -8 2 1 0-8 2 1 1-82 12-82 1 -8 3 2 -8 3 3 -8 3 4 -8 3 5 -8 3 6 -6 3 7 -8 3 8 -8 3 9 -8 3 1 0-83 11-83 IN IT IA L 99 » 2 0 2 ______ 1 0 0 ,8 4 1 1 0 1 .9 8 I P 1 0 2 i0 5 9 E MONTH p - P r£ l i m 1h a r y 6 - ESTIM ATED PREPARED BY F E D E R A L J A N U A R Y 1 3 » 19&4 RESERVE BANK OF ST. LCMJI S H O U R L Y C O N D E N S A T I O N , B U S I N f SS S EC TO R COMPOUNDED A H MU 11. K A T E S O f C H A H & J ______ T E R M I N A L ________________________________________________________________________ I M I T I A L Q U A R T E R _______________________________________________________________________ i * 7 7 * I O QU A R T ER ____________4~79 1 -7 9 2 -7 9 3—79 4 - T 9 1 -6 0 2 -0 0 3 - f l Q ____________1 -8 1 2 -8 1 3 - f l l ___ à = f l l ___ 1- 4 2 ___2 =A 2------ 3 - f t ? ___4*0-2------ 1 ^ 6 3 ------2 » > i ----------------------------1 -7 9 11.1 2 -7 9 9*9 4-79 1-60 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 -8 3 3 -8 3 _______________________________________ ___________________________________________________________________________ _____________________________________ ______ 1 1 3 . 2 » * 6 __________________________________ _____________________________________________________________________________________________ ______ _ _ _ _ _ _____________1 1 7 . 6 9.6 9. 1 9.4 6.6 9.9 9.6 10.0 9*9 11*2 10.3 10.1 10*5 10.5 1L*5 11*9 10.2 10.0 10.3 10.3 10*9 10*7 9.6 10.1 9.9 10.2 10.2 10*6 10*4 9*6 9.7 10*2 10.1 10.3 10*4 10*7 10*6 10*2 10.5 11.3 9.9 9.8 10.0 9.9 10.2 10*0 9.5 9.4 9.3 9.9 9.8 9.9 9.9 10.1 9*9 9*5 9.5 9.4 9*7 9*6 9*7 9*6 9*6 9.6 9.2 9.1 9.0 9.7 9.6 9.7 9.6 9.7 9.6 9*2 9*2 9*1 9.4 9.3 9.4 9.3 9*4 9*2 6*8 6.7 6.6 9.3 9.1 9*2 9*1 9*2 9.0 9.6 6.5 6.4 9.1 8.9 8.9 8.8 8.9 8*7 6*3 6*2 0 . 0 8.8 8.7 0.7 6*6 8*6 6*4 6.0 7.9 7.7 6.4 6.4 6*2 6*2 8*0 7*7 7.5 7.3 8 .5 0.3 8 . 2 8 . 2 8 . 0 8 . 0 7*6 7.5 7.3 7.1 4 -7 6 1 -7 9 2 -7 9 3 -7 9 4 -7 9 1 -8 0 2 -6 0 3 -8 0 4 -6 0 123« 7.4 6.5 6.2 8.5 6*1 7.9 7.6 7.3 6.6 6.7 6.0 7.6 7.2 6.6 6.6 1 -6 1 IN IT IA L OUTPUT 9.6 6.6 6.9 2— 61 4 -7 6 1-7 9 2 -7 9 3 -7 9 2 -7 9 -2 .0 -2 .4 - 3 -7 9 -2 .0 -2 .2 -2 .0 4 -7 9 -1 .7 -1 .7 -1 .4 -0 .8 4 -7 9 1 -8 0 2 -8 0 7.5 6.6 6.C _6.7 6.4 6.2 6.2 6.0 6.0 5. 5 5.5 7.6 3 -8 1 4 -6 1 3 -6 0 4 -6 0 1-62 6.9 . 6.3 5^7 5.9 5.4 5. 1 5.3 4.6 4.3 5.3__ 4^9_ 2 -6 2 3 -6 2 4 -6 2 ___ 133.V____ 1SA..3 13fì..7 ___ 160.. 7_______ 16?.. 1 3 . 3____ 164.^2___ 3.5 4*4 1 -8 3 2 -8 3 QUARTER IN IT IA L -1 .6 9*3 PER H X * OF A L L P E R S O N S , B U S I N E S S C OH PO UN OEO A N N U A L R A T E S OF CHAN &E TERM INAL QU AR TE R 1 -7 9 7.6 6.6 .0 ___ 12-6«3----l ?9.<3 132^9___ ___ 136«.n 139..7 14?. 145.► 5 14H..2 S EC TO R __________1977 QUARTER 1 -8 1 2 -0 1 3 -9 1 4 -6 1 1 -6 2 2 -6 2 3 -6 2 4—62 1 -6 3 - 100_____ 2 -6 3 _ U i £ U 4 _______ 9 9.3 99.1 1 -8 0 -1 .2 -1 . 1 -0 .7 0 .0 2 -8 0 -1 .5 -1 .5 -1 .3 '1 . 1 -1 .2 3 -8 0 -1 .1 -1 .0 -0 .7 -0 .4 -0 .3 -0 .6 1 .6 4 -8 0 -0 .8 -0 .7 -0 .5 -0 .2 0*0 -0 .3 1 .2 1 -81 —0 •1 0 .0 0 .4 0 .8 1 .1 1 .2 2 *7 3 *3 5*8 2 -8 I 0 .1 0 .3 0 .6 1 .0 1 .3 1 .4 2 .6 3 .0 4 .1 2 .4 0 .8 9 3.3 -3*2 9 8.9 99 - 1 0 .8 ____ 1.1 1 .5 1 .8 2 .0 3. 1 3 .4 4 .3 3 .6 4*0 0 .3 0 .6 0 .8 1 .1 1 .1 1 .6 1 .9 2*1 0*9 0 *2 -4 * 2 1 -6 2 0 .1 0 .2 0 .5 0*7 0 .9 0 .9 1 .5 1 *5 | .6 0*6 0 *0 -2 .3 -0*4 2 -8 2 -0 .0 0 .1 0 .3 0 .5 0 .6 0*6 1 .1 1*0 1 .1 0 .2 -0 * 4 -2 .1 -1 .0 3 -6 2 0 .1 0 .2 0 .4 0 .6 0 .7 0 *7 1 .2 W1 1*1 0 .4 0 .0 -1* 2 -Q t1 4 -6 2 0.3 0 .4 0 .6 0 .8 0 .9 0 .9 1 .4 1 .3 1 .4 0 .8 0 .5 -0 * ? 0*7 1 —63 0 .4 0 .5 0 .7 0 .9 1 .0 1 .1 1 .5 1 .4 1*5 1 .0 0 .0 0 .1 2 -8 3 0 .7 0 .6 1.0 1 .2 1 .3 1 .4 1 .6 1*8 1 ,9 1 .4 3 —63 0*6 0 .9 1 ,9 2 .0 1 .7 4 -7 0 1 -79 3 -B O 4 -0 0 1 -8 1 I . 1 2 -7 9 1 .3 1*5 1 .5 3 -7 9 4 -7 9 1 -6 0 2 -6 0 IN IT IA L 1 0 .8 0 .1 Ì 0 .5 1GQ.S 1 1 3 -8 1 4 -8 1 1 .9 _ 1 0 2 .3 1 0 1 .2 .. .. _ ______________ 1 0 1 . 1_______ -1 .6 1 00 .7 9 .0 1 .6 1 0 1 .1 1 .0 1 .4 2 .4 2 .0 2 .4 1 .3 0 .9 1 .7 2 .1 3 .1 3. 6 3 .9 1 .6 1 .2 2 .0 2 .4 3 .2 3 .6 3 . 7 ___ 4 . 3 i 2 -0 1 3 -0 1 4— 61 1 -6 2 2 -0 2 3 -6 2 1 01 .9 3 .2 4 -0 2 1 0 2 .5 10 3-.fi i* 2 1 -6 3 3 .3 1 04 .7 2 —03 QUARTER P R fP A R È D B Y F E D E R A L R E S E R V E NO VEM B ER 3 0 . 1 9 0 3 10 & A m O F S T . L O U IS PRODUCTIVITY, RAT I 0 COMP ENS AT I ON, AND LABOR C O S T S SCALE RAT I 0 SEASONALLY I97 7 - I O O SCALE ADJUSTED 197 7 - 1 0 0 I 90 I 70 I 50 I 30 I I0 220 200 I 80 I 60 I 40 I 20 I 00 I 60 I 40 I 20 I 00 60 S O UR C Ei r ERC EM~ TA «£ $ ARE latest p lo tted data AiOWAL , RATES jrd OF C H AH«i M.S. DEfA^T trt M T of L ABO R ST. L 0 0 15 FOB PER 10 D S I M O l O T E O « barter P R E PA RE D U N I T LABOR COSTS, BT FLOERAl RÉS- ERVt 0A J* Of B U S IN C SS S EC TO R TERM INAL QUA R T ER 1977 4 -7 8 1 -79 2 -7 9 1 -7 9 12.8 Z - 79 11.8 10.9 3 -7 9 12.0 11 . 6 12,4 4 — T9 11.4 1 0,9 11 . 0 3 -7 9 4 -7 9 1 -0 0 2 -8 0 3 -6 0 4 -6 0 1 -0 1 2 -6 1 3— 81 4— 61 1 -6 2 3 - f t 2 - _4 t £12 l^fl_3 - 2 . - ft 3 - b 1 on ____ U A. £ ____ 1 1 7 . 8 9 .6 ________ 1 2 4 -1 1 -8 0 11.3 10.9 10.9 10, 1 1 0 , J_ _ 1 1.9 U . 7 12,0 1 1.0 1 3,0 15,3 3 -8 0 1 1 .3 1 1.1 11,1 1 0.8 11.2 U -5 7 ,0 4 19 1? 7 . 3 131 . 9 ________ L 3 A . .4 _________ L 3 J ^ 2 ___ 0 1 1.0 10 . 7 1 0.7 1 0,4 1 0,5 6 ,2 6 .6 1 -8 1 10,3 10,0 9 ,9 9 ,5 9 ,5 9 ,2 7 .2 7 ,0 5 .4 2 -8 1 9 .0 9 ,5 9 .3 8 .6 8 .7 0 .3 6 ,7 6 ,3 5 .2 5 .0 .................... 3 -8 1 9 ,3 9 ,0 8 ,0 0 ,3 0 ,1 7 ,7 6*3 5 .9 5 .0 4 .6 4 .6 9 ,5 9 ,2 9 ,1 8 ,7 8 ,6 8 ,3 7 .2 7 .1 6 .7 7 .2 8 .3 1 -8 2 9 .6 9 .3 9 .2 0 .0 0 ,0 0 .5 7 ,6 7 .5 ____________ 14 2 . 3 12.0 \ k h . Jt. 9 .5 9 .2 9 .1 0 ,0 0 .7 6 .5 7 ,7 7 .6 7 .5 7 .9 6 .7 1 0.1 9 .1 3 -8 2 9 ,2 8 .9 8 .7 8 .4 0 .3 0, 1 7 ,3 7 .3 7 .1 7 .4 7 .9 8 .7 7 .Û 4 -0 2 8 .7 8 .4 8 .3 0 ,0 7 ,8 7 ,6 6 ,0 6 .7 6 .5 _6*7 6 .9 7 . 4 ___6 . 3 5 .1 1 -0 3 8 .4 8 .1 7 .9 7 .6 7 ,5 7 ,2 6 ,5 6 .4 6 .4 6 .7 5 .7 4 .7 2 -8 3 7,8 7 ,5 7 , 3 7 .0 6 , 8 6 ,5 5 .8 5 .6 3 - 8 3 7 .5 7 . 2 7 .0 6 , 6 6 ,5 6 * 2 5 ,5 CD 1 - 7 9 2 - 7 9 3 - 7 9 4 —7 9 1 - 6 0 2 —6 0 3 —8 0 ________ 8 .2 4 . fl 3 .6 1 * 2 . .9 1 5 4. JZ. _______ LS*2.. 6_______ __ 2 . 3 _________ 2 -9 3 .4 5 .3 5 .3 5 .4 5 .5 4 .4 3 .3 2« 2 l.a -û-a 5 .0 5 .0 5 . 0 5 .0 4 . 0 3. 1 Z .l 1 - 4 1 .1 4 -0 0 1 -0 1 2 -0 1 3-81 4 -6 1 1—6 2 2 -6 2 IN IT IA L .. _________________ 149 ..9______ 7 ,6 2 -8 2 3 139..0 14 Û. 7____ 4 -8 1 -- - 12 1. _1 2 -8 0 » 2 -Û 2 3 -8 2 4 -6 2 _________________ 1 S 6 . <> . - i .a 0 -0 — 1 -0 3 l.a 1 ls ^ . 2 -8 3 CHJARTER 11 P R E P A R E D B Y F E D E R A L R E SE RV E: NQVEHftEft 3 0 . J 9 8 3 BAH* OP S T . LO U IS .2 9 GROSS NAT ICH A L PR O D U C T IN C U R R EN T D O L L A R S COMPOUNDED AN N U AL R A T E S OF CHAN GE t e r m in a l IN IT IA L b l L L l O N S OF O U l LA RS ANNUA L K A T E S QUARTER 2 -7 9 4— 79 3 -T9 1—00 » o 1 -7 9 CD U-V.'.^TfcH 2 -7 9 7 .5 3 -7 9 10.5 13 . 6 4 — T9 9 .7 1 0.8 8. 1 1 -8 0 10.2 11 .1 9 .9 11 . 7 0 CD 1 (N 8 .3 8 .4 6 .8 6 ^2 0 .9 3 -6 0 8 .5 8 .7 7 .5 7 .3 5 .2 9 .7 3— 8 0 4— 6 0 1 -0 1 2 -8 1 3-61 4 -0 1 1 -62 2 -6 2 3 -8 2 4 -8 2 1 - 83 2 -8 3 3 -8 3 2 ,3 7 7 .9 2 ,4 5 4 .6 2 ,5 0 2 .9 2 ,5 7 2 .9 2 ,5 7 8 .0 2 ,639.1 4 -8 0 9 .5 9 .8 9 .1 9 .3 8 .5 12.6 15.5 I —8 1 10.8 1 1.3 10.9 11 .5 11.4 15.2 18.0 2 0.5 2 —61 10.3 10. T 10.3 10 . 6 10.4 1 2.9 14.0 13.3 6 .6 2 ,7 3 6 .0 2 ,6 6 6 .6 2 ,9 1 2 .5 3 -8 1 10.6 11 . 0 1 0.6 11 . 0 10.9 13.0 13.9 13.3 9 .9 1 3.3 4 -6 1 1 0.0 10.2 9 .8 10 . 1 9 .8 11.4 11.7 10.8 7 .8 0 .4 3 .7 1 -8 2 9 .0 9 .1 8 .7 8 .7 8 .4 9 .5 9 .4 8 .3 5 .4 5 .0 1. 1 2 -8 2 8 .8 8 .9 8 .5 8 .5 8 .2 9 .1 9 .0 8 .0 5 .6 5 .4 2 .9 2 .5 6 .6 3 -6 2 8.3 8 .4 8 .0 6 .0 7 .6 8 .4 8.2 7 .2 5 .1 4 .9 2 .9 2 .6 4 .6 2 .7 4 -6 2 7 .9 8 .0 7. 5 7. 5 7. 1 7.8 7 .6 6 .6 4 .8 4 .5 2 .8 2 .6 3 .9 2 .6 1 -6 3 7.9 8 .0 7 .6 7 .6 7 .2 7 .8 7 .6 6 .8 5 .2 5 .0 3 .7 3 .7 5 .0 4 .4 5 .3 8 .2 2 -8 3 8 .3 8 .3 8 .0 8 .0 7 .7 8 .3 8 .1 7 .4 6 .1 6 .0 5 .0 5 .2 6.6 6 .6 7 .9 1 0.7 13 . 3 7 .8 6 .6 6 .6 5 .8 6 .1 7 .4 7 .5 8 .8 1 1.0 12 . 4 I 1 .5 6. 1 6 .4 7 .6 7 .7 8 .7 1 0.4 11 . 1 10.0 8 .6 4— 81 1- 6 2 2 -* 2 4 -6 2 1 - 83 2 -8 3 3 -8 3 3 -8 3 8 .4 8 .5 8 .2 8. 2 7 .9 8 .5 8 .4 4— 8 3 8 .4 8 .5 8 .2 8. 2 8 .0 8. 5 8 .4 7 .8 6 .8 6 .8 1 -7 9 2 -7 9 3— 7 V 4 - rw 1-ÖU 2 -8 0 3 -8 0 4 -6 0 1 -81 2 -8 1 IN IT IA L D- 3 ,0 0 4 .9 3 ,032.2 -1 .4 >-€1 3 ,0 2 1 .4 3 ,0 7 0 .2 3 ,0 9 0 .7 2 .5 3 , 1 0 9 .6 3 ,1 7 1 .5 3 ,2 7 2 .0 3 ,3 6 2 .2 3 ,4 3 2 .0 H QUARTt* DD Cl T B I U I D T GROSS N A T I O N A L PR OO UCT I N COMPOUNDED A N N U A L R A T E S TERM INAL QUARTER IN IT IA L 2 -7 9 3 -7 9 4 -7 9 1 -8 0 2 -8 0 3 -6 0 4 -8 0 1 -8 1 b l L H U * S UFÜULLA.RS A NNUA L K A l t S QUARTER 2-81 3 -6 1 4 -81 1 -6 2 2 -8 2 3 -8 2 4 -8 2 1 -8 3 -0 .9 3 -7 9 1.9 4 .8 4 -7 9 1 .5 2 .8 0 .7 1 .6 2 .5 1 .3 1 .9 2 -8 0 —0 . 6 -0 .5 -2 .3 -3 .7 3 -6 0 —0 . 4 -0 .3 -1 .5 -2 .2 -4 .3 0 .8 4 -6 0 0 .2 0 .4 -0 .5 -0 .8 -1 .6 2 .3 3 .8 1 -61 1 .3 I .6 I. 1 1 .1 0 .9 4 .5 6 .4 9 .0 2 -8 1 1 .2 1 .5 1 .0 1 .0 0 .9 3 .5 4 .4 4 .7 0 .6 3 -8 1 1 .4 1 .7 1 .3 1 .4 1 .3 3 .5 4 .2 4 .3 2 .1 3 .6 4 -8 1 0 .8 1 .0 0 .6 0 .6 0 .4 2. 1 2 .3 2 .0 -0 .3 -0 .7 -^ .9 1 -8 2 0 .3 0 .4 -0 .0 -0 .1 -0 .4 1 .0 1 .0 0 .4 -1 .6 -2 .3 -5 .2 -5 .5 2 -6 2 0 .3 0 .5 0 . 0 .0 -0 .2 1 .0 1 .0 0 .5 -1 .1 -1 .5 -3 .2 -2 .3 0 .9 3 -8 2 0 .3 0 .3 -0 .0 -o . 1 -0 .3 0 .7 0 .7 0 .3 -1 .1 -1 .4 -2 .6 -1 .9 -0 .0 -1 .0 4 -8 2 0 .1 0 .2 -0 . 1 -0 .2 -0 .4 0 .5 0. 5 0 .1 -1 .1 -1 .4 -2 .4 -1 .7 -0 .5 -1 .2 -1 .3 -0 .8 -1 .6 -0 .9 0 .3 0 .1 0 .6 2 .6 0 .0 2 .1 2 .4 3 .6 6 .1 9 .7 2 -8 3 3 -6 3 1 , 4 fc 9 . 2 1 ,4 8 6 .6 1 1 ,4 8 9 .3 1 ,4 9 ^ .4 -9 .0 1 ,4 6 1 .4 1 ,4 6 4 .2 1 ,4 7 7 .9 1 ,5 1 0 .1 1 ,5 1 2 .5 1 ,5 2 5 .8 1,506•9 1 ,4 8 5 .8 1 ,4 8 9 .3 1 ,4 ^ 5 .7 1 ,4 8 0 .7 0 .3 0 .4 0. 1 0 .0 -0 .1 0 .7 0 .7 0 .4 -0 .7 0 .8 0 .9 0 .7 0 .7 0 .6 1 .4 1 .5 1 .3 0 .4 3 —83 1 .2 1 .3 1 .1 1. 1 1 .1 1.9 2.0 1 .8 l. l 1 .2 0 .9 1 .6 3 .0 3 .4 4 .6 6 .6 8 .7 7 .6 4 -8 3 1 .4 1 .5 1 .3 1 .3 1 .3 2 .1 2 .2 2 .0 1 .4 1.5 1 .3 2 .1 3 .2 3 .6 4 .5 6 .1 7 .3 6 .0 4 .5 1—7V 2 - rv 3 -7 9 4 -7 9 1 -8 0 2 -8 0 3— 80 4 -8 0 1 -8 1 2 -81 3 -61 4 -8 1 1 -8 2 2 -8 2 4 -0 2 t-Ò 3 2 -8 3 3 -6 3 o 1 -8 3 2 -8 3 o o CD 2 -7 9 1 1 -7 9 197 2 D O L L A R S OF CHA NG E 3-er 1 ,4 9 0 .1 1,52 5.1 1 ,55 3.4 1 * 5 7 0 . 5H INITIAL QUARTER' P- P R E L I H I M A R T --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- PR E P A R E D 6V P É D t k A L JAN U AR Y 2 0 , 12 1964 AÉSEkVfc bANK OF v T T T O U lS GROSS N A T I O N A L RATIO SCALE 1976 QUARTERLY 1977 1978 1979 TOTALS P R OD UCT AT A NNUAL 1980 1981 S OURCE! PERCENTAGES LATEST ARE ANNUAL DATA P l O T T E D t RATES OF CHAN6E FOR P E R I O D S 4TH OUARTER P R E L I M I N A R Y 1982 U.S. 1983 DEPARTMENT SCALE 1984 OF COMMERCE INDICATED. PR EPAR ED BY F E D E R A L 13 RATIO RATES RESERVE BANK OF S T. LOUIS GENERAL RATIO PRICE INDEX* SCALE RATIO I972-IOO 1976 ■AS USED 1977 I N NAT I ONAl 1978 DATA P LO TTE D t 1979 1980 1981 I NCQUE ACCOUNTS P E R C E N T A 6 E 8 ARE AHM IAL LATEST S O U R C tt RATES OF CHANGE FOR P E R IO D S 1982 U .S . TERM INAL QUARTER IN IT IA L 3 -7 9 4 -7 9 1 -8 0 2 -6 0 1984 Of CO*IHERCE I^ IC A T E O . R E $€ R V E BA N * KK I C t D E F L A T O R F O T G R O S S N A T I O N A L C O K P O U W E D ANNUAL R ATES O f CHANGE 2 -T9 1983 DEPARTANT 4TH QUARTER P R E L I U I KART PREPARED BY FEDERAL. 1 -7 9 SCALE 1972-100 3 -6 0 2 -T 9 8 .5 3 -7 9 8 .4 8 .3 4 -7 9 8 .0 7 .8 7 .3 I —6 0 8 .4 8 .4 8 .4 9 .6 2 -8 0 8 .9 9 .0 9 .3 1 0 .3 1 0.9 3 -6 0 8 .9 9 .0 9 .2 9 .8 9 .9 8 .8 4 -8 0 9 .2 9 .4 9 .6 10.2 1 0 .4 10.1 11.3 10.9 4 -8 0 1 -8 1 OF S T . LOUIS PRODUCT QUARTER 2 -0 1 3 -0 1 1972 4 -8 1 1- 82 2 -6 2 3 -0 2 4 -6 2 1 -8 3 2 -8 3 «- 100 3 -8 3 161 .8 5 L 6 5 .1 2 1 60 .0 5 1 71 .9 4 176 .4-6 1 8 0 .2 4 1 -81 9 .4 9 .5 9 .7 10.2 1 0.4 10.2 2 -6 1 9 .0 9 .1 9 .2 9 .5 9 .5 9 .1 9 .2 8 .2 5 .9 3 -8 1 9 .0 9 .1 9 .2 9 .5 9 .5 9 .2 9 .3 8 .6 7 .6 9 .4 4 -8 1 9 .0 9 .1 9 .2 9 .4 9 .4 9 .1 9 .2 8 .7 8 .1 9 .2 9 .0 1 -8 2 8 .6 8 .7 8 .7 8 .8 8 .8 8 .4 0 .4 7 .8 7 .1 7 .5 6 .6 4 .3 2 -6 2 8 .4 8 .4 8 .4 8 .5 8 .4 8 .1 8 .0 7 .4 6 .8 7 .1 6 .3 5 .0 5 .6 3 -6 2 8 .1 8 .0 8 .0 8 .1 7 .9 7 .6 7 .4 6 .9 6 .3 6 .4 5 .6 4 .5 4 .6 3 .7 + 1 OD N> 1 8 5 .1 3 7.8 7 .7 7 .7 7 .7 7 .5 7 .2 7 .0 6. 5 5 .9 6 .0 5 .3 4 .4 4 .4 3 .6 3 .8 1 0.5 1 89.83 1 92.56 1 96.94 2 01 .2 2 2 0 3 .3 6 2 06 .1 5 20 6 .0 3 2 10 .00 1 -6 3 7 .6 7 .6 7 .5 7 .5 7 .4 7 .1 6 .9 6 .4 5 .9 5 .9 5 .3 4 .6 4 .7 4 .3 4 .7 5 .5 2 -6 3 7 .4 7 .3 7 .2 7 .2 7 .0 6 .7 6 .5 6. 1 5 .6 5 .6 5 .0 4 .4 4 .4 4 .1 4 .2 4 .4 3 .3 2 12 .6 3 2 14 .5 5 3 -6 3 7 .2 7 .1 7 .0 7 .0 6 .8 6 .5 6 .3 5 .8 5 .4 5 .3 4 .8 4 .3 4 .2 4 .0 4 .0 4 .1 3 .4 3 .6 4 -6 3 7 .0 6 .9 6 .8 6 .8 6 .6 6 .3 6. 1 5 .7 5 .3 5 .2 4 .7 4 .2 4 .2 4 .0 4 .0 4. 1 3 .6 3 .7 3 .9 1~ T V 2^79 3 -rv l-«0 Z-8 U 3 -6 0 4 -8 0 1 -8 1 2 -81 3 -6 1 4 -8 1 1 -6 2 2 -6 2 3 -6 2 1 -8 3 2 -8 3 3 -6 3 4 -6 2 2 16 .44 2 1 8 . 53P i n i I1AL UUA* Ib'FT P* PR CL IHPI ART------------------------------------------------------------------------------------------------------ ------ PR ER A* ED B Y F E D E R A L R E S E R V E J A N U A R Y 2 0 , 1964 14 riAWK O F S I . U > u l¿ PfRSDHAL TERM INAL n e TTEr R a ------------------ ---------- ---------— -------------- — — W uÄ R 1-79 2 -7 9 3 -7 9 C O N S U H P Ì I O N E X F t N D I IO* ES I N CURRE NT COH PO UN OED A ** U AL PLATE S C* C H A N t E IN IT IA L D U L L AR S QUA* T ER L. 1 L L 1UN S oe OOLLAR S - — :— annoal ra te s 2 -8 3 3 -8 3 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ — 4 -7 9 î-e o 2 -8 0 3—6 0 4— 80 1-81 2 -7 9 8 .5 3 -7 9 11.7 4 -7 9 12.3 14.3 1 3.7 1- 8 0 12.0 13 . 3 12.4 11.2 2 -8 0 9 .8 10.2 8 .6 6 .2 1 .5 3 -8 0 10.7 11.1 10.1 9 .0 7 .9 4 -8 0 11.2 11 » 7 11.0 1 0.4 1 0.1 1 4.7 14.6 1 -8 1 11.6 12 . 1 1 1.6 I l .2 11.2 1 4.7 14.7 14.7 2 -e i 11.2 11 . 5 1 1.0 1 0.6 10.5 1 2.9 12.2 11.1 7 .5 2-81 4 -01 3 -6 1 1 -8 2 2 -8 2 3 -8 2 4 -6 2 1 -8 3 i f 4 7 6.0 14.9 1, 5 2 8 . 3 1,5 7 6 .0 1,6 2 0 . 5 1*626.4 1 4.8 l ,68 3.4 1,7 4 1 .9 1,8 0 2 .8 1,8 3 5 .8 3 -8 1 11.2 11.5 11.1 10 .7 10.6 1 2.6 1 2.0 11.2 9 .5 11. 4 4 —8 1 10.5 1 0.7 1 0.3 9 .8 9 .7 11.1 1 0.4 9 .3 7 .6 7 .6 3 .9 1 -8 2 10.3 10.4 10.0 9 .6 9 .4 1 0.6 9 .9 8 .9 7 .5 7 .6 5 .7 7 .5 2 —82 10.0 10.2 9 .7 9 .3 9 .1 1 0.1 9 .5 8 .7 7 .5 7 .5 6 .2 7 .3 7 .2 3 -8 2 9 .8 9 .9 9 .5 9 .2 9 .0 9 .8 9 .2 8 .5 7 .5 7 .5 6 .5 7 .4 7 .3 1,8 0 6 .1 1,9 0 4 .1 1*930.9 1,9 7 2 .8 2 ,0 0 8.8 7 .5 4 —6 2 9 .7 9 .8 9 .4 9*1 8 .9 9 .6 9. 1 8 .4 7 .5 7.5 6 .8 7 .5 7 .5 7 .7 7 .8 1 -8 3 9 .4 9 .5 9. 1 8 .8 8 .6 9 .2 8 .7 8 .0 7 .2 7.2 6 .5 7 .0 6 .9 6 .8 6. 5 2 -8 3 9 .7 9 .8 9 .5 9 .2 9 .0 9 .7 9 .2 8 .7 8 .1 8 .1 7 .7 8 .3 8 .5 8 .8 9 .3 1 0.0 15.1 3 -6 3 9 .6 9 .6 9 .3 9 .0 8 .9 9 ,4 9 .0 8 .5 7 .9 0.0 7 .5 8 .1 0 .2 8 .4 8 .6 6. 8 10.7 6 .5 4 -8 3 9 .6 9 .6 9 .3 9 .1 8 .9 9 .5 9. 1 8 .6 8 .1 0 .2 7 .8 8 .3 0 .4 8. 6 8 .8 9. 1 10.4 8 .2 9 .9 1 -79 2 -7 9 3 - IV 4 -7 9 L—8 0 2 -8 0 4 -8 0 1 -81 2 -81 4 -8 1 l-€ 2 1-6 3 2 -8 3 3 -8 3 3 -8 0 3 -0 1 2-8 2 3—62 2^ ,0 46 .9 2 ,0 7 3 .0 5 .2 4 -0 2 2 ,1 4 7 .0 2 , 1 8 1 .1 2 ,2 3 3 .1 F "INI ÏIACUUAFTEIl P- PR CL I H P I A R T COMPOUNDED A NN UAL R A T E S TERMINAL gUARTEK IN IT IA L 1 -79 2— 79 3 -7 9 4 -7 9 1 -80 2 -8 0 2 -7 9 -0 .7 3 -7 9 2 .1 4 -7 9 2 .5 4 .2 3 .3 1 -8 0 1.9 2 .7 1 .6 2 -6 0 -0 .1 0 .0 -1 .6 -4 .0 -7 .7 -1 .3 -1 .9 4 .3 0 .2 4 .5 3 -8 0 4— 8 0 1 -8 1 OF CHA NU t B I L L I O N S OF OOl LARS AN N UA L R A T t S UUA RT tK 2-8 1 3 -8 1 4 -81 1 -8 2 2 -8 2 3 -8 2 4 -8 2 1 -8 3 2 -8 3 3 -8 3 9 1 9 .5 5 .1 9 30 .9 9 3 8 .6 —0 . 1 9 3 8 .3 9 19.6 3 -8 0 0 .6 0 .9 -0 .2 4 -6 0 1 .2 1 .5 0 .6 1 -8 1 1 .7 2 .1 1.6 1 .3 1.6 5 .0 5 .3 5 .9 2 -6 1 1 .6 l .9 1 .5 1 .1 1 .4 3 .8 3 .6 3 .2 0 .5 3 -8 1 1 .8 2 .1 1 .7 1 .5 1 .7 3 .7 3 .6 3 .3 2 .0 4 -8 1 1 .3 1 .6 1 .2 0 .9 1 .1 2 .6 2 .3 1 .7 0 .3 0.2 -3 .0 1 -0 2 1 .4 1 .6 1.3 1 .1 1 .2 2 .6 2 .3 1 .8 0 .8 0 .9 -0 .3 2 .4 2 -8 2 2 .6 2 .4 2 .0 1 .3 1 .5 0 .8 2 .8 3.1 0. 1 9 29 .4 4 .6 9 4 0 .Û 9 5 3 .6 954 . 7 9 6 2 .9 3 .5 955 .7 9 61 .4 1 .6 1 .8 1 .5 1 .3 1.4 3 -Ä 2 1 .5 1 .7 1 .4 1 .2 1.4 2 .4 2 .2 1 .9 1 .2 1.4 0 .8 2 .1 2.0 0 .9 4 -6 2 1.7 1 .8 1.6 1.4 1.6 2 .6 2 .4 2 .1 1 .5 1 .7 1 .4 2 .5 2.5 2 .2 3 .6 1 .5 1 .7 2.6 2 .4 2 .2 1 .7 1 .9 1 .6 2 .6 2 .6 2 .5 3 .3 2 .9 6 .4 9 6 8 .Ô 971 .0 9 7 9 .6 1 .7 1 .9 1 .7 2 .2 2 .4 2 .2 2 .1 2 .3 3 .2 3. 1 2 .9 2. 6 2 .9 2 .8 3 .6 4 .1 4 .3 5 .5 3 -8 3 2 .2 2 .4 2 .2 2 .1 2 .3 3 .1 3 .0 2 .9 2 .6 2 .8 2 .7 3 .6 3 .8 3 .9 4 .6 4 -6 3 2 .4 2 .6 2 .5 2 .4 2 .6 3 .4 3 .3 3 .2 2 .9 3 .2 3. 1 3 .9 4 .1 4 .3 5 .0 5 .4 6 .2 4 .3 6 .5 1*79 2 -7 9 3*7 9 ^ T 9 2 -8 0 3 —8 0 4 -8 0 1 -8 1 Z— 81 4 -8 1 1 -8 2 2 -8 2 3—82 4 -8 2 1 -8 3 2 -8 3 3 -6 3 986 .7 1 0.0 ^0 o 3 -81 o 1 -6 3 2 -6 3 1 ,0 1 0 .6 2 .2 1 ,0 1 6 .0 1 ,0 3 2 .2 ^ I N I I l A L ' U U A K l'ETT —----------------------------------- PREPARED "Y FEDERAL RESERVE èAN* OF ST. LÜUls JAN U ARY 20* 15 1984 GROSS P * IV A T £ D O M E S T IC IN V E S T M E N T IN C U R R EN T O O l l A R S COMPOUNDED W W U A L R A T E S OF CHAN GE TERM INAL QUARTER IN IT IA L 1 -7 9 2 -7 9 3 -7 9 4 -7 9 1 -6 0 2 -6 0 3 -8 0 3 -7 9 8 .3 3 .4 4 -7 9 0 .5 -5 .3 -1 3 .3 1 -8 0 1 .7 -2 .0 -4 .5 5 .1 2 -0 0 -4 .0 -7 .9 -1 1 .4 -1 0 .5 -2 3 .6 3 -8 0 -5 .6 -9 .2 -1 2 .1 -1 1 .6 -1 9 .1 -1 4 .2 -0 .5 -2 .6 -3 .6 -1 .2 -3 .2 9 .0 3 8.5 1 13*3 0 2 -7 9 4 -8 0 1 -0 1 b lL L lO N S Of OOLLARS ANNUAL r a t l s QUARTER 2 -0 1 3 -6 1 4 -0 1 1—82 2 -6 2 3 -6 2 4 -8 2 1 -8 3 2 -6 3 3 -8 3 4 2 8 .3 4 3 1 .9 4 1 6 .8 4 22 .0 3 94 .3 3 79 .5 4 1 1 .7 1 -8 1 4 .8 3 .6 3 .6 7 .4 7 .9 21.2 44.1 4 9 .5 2 -0 1 5 .9 5 .0 5 .2 6 .7 9 .4 1 9.7 33.8 3 1 .5 15.4 3 —6 I 7 .4 6 .7 7 .1 1 0 .4 11.3 20.1 3 0.6 2 6.1 18.5 2 1.6 4 -0 1 5 .1 4 .3 4 .4 6 .9 7 .1 1 3.4 19.9 1 5 .7 6 .1 1 .7 1 -0 2 0 .6 -0 .5 -0 .6 0 .6 0 .1 4 .1 7 .5 2 .2 -7 .2 -1 3 .6 -2 7 .2 -3 7 .8 2 -6 2 1.3 0 .3 0 .1 1 .5 1.1 4 .7 7 .8 3 .3 -4 . 1 -«.4 -1 6 .6 -1 7 .5 1 .9 -4 .5 -6 .0 -1 4 .2 -1 4 .0 1.1 -6 .5 - 4 . 3 -1 0 .2 -1 3 .9 -1 9 .6 -2 0 .7 -1 4 .1 -2 3 .9 -3 0 .0 -4 .4 -6 .7 -9 .7 3 -0 2 0 .7 -0 .2 -0 .5 0 .7 0 .3 3 .4 5 .9 4 -6 2 -2 .5 -3 .6 -4 . 1 -3 .3 -4 .0 -1 .7 -0 .2 1 -6 3 -0 .7 -1 . 5 -1 .9 -0 .9 -1 .4 0 .9 2 .5 4 55 .5 472. 1 4 95 .8 -1 4 .9 4 76 .2 -0 .0 -5 .8 -6 .5 -1 2 .7 -1 2 .3 422 . 9 9 .4 4 3 2 .5 4 2 5 .3 3 77 .4 3 1 .4 4 04 .1 2 -0 3 1 .9 1 .2 1 .1 2 .2 2 .0 4 .5 6 .4 3 .6 -0 .5 -2 .4 -5 .4 -3 .7 5 .1 4. 1 7 .8 4 2 .2 5 3.9 3 -8 3 4 .3 3 .8 3 .0 5 .0 5 .0 7 .7 9 .7 7 .4 3 .9 2 .7 0 .5 3 .0 12.0 12.5 1 7.0 4 5 .9 53.8 5 3 .6 4 -8 3 5 .3 4 .6 4 .9 6 .2 6 .3 8 .0 1 0.8 0 .0 5 .6 4 .7 3 .0 5 .5 13.7 1 4.5 19. 2 4 0.* 43 . 5 3 8 .5 2 5 .0 1 -7 V 2- f9 3— 79 4 -7 9 1 -8 0 2 -8 0 3 -8 0 4 -8 0 1—81 2 -B 1 3 -61 4 -81 1 -6 2 2 -32 3— 52 4 -6 2 1 -0 3 2 -6 3 3 -6 3 4 5 0 .1 5 0 1 .1 5 2 9 .8 ^ 1H I 11 AL U U A JM b K P- PK E L IM I N A R T OROSS P R I V A T E D O M E S T IC I N V E S T M E N T I N 1 97 2 O O L L A R S COMPOUNDED A N N U A L R A T E S OF CHAN GE TERM INAL QUARTER IN IT IA L 1 -7 9 2 -7 9 3 -7 9 4— 79 2 -7 9 -0 .3 3 -7 9 -3 .5 -6 .6 4 -7 9 -6 .8 -1 2 .8 -1 8 .6 1 -6 0 -7 . 1 -9 .3 -1 0 .6 -1 .6 1 -6 0 2 -9 0 3 -6 0 4 -8 0 1-61 d lL L I O N S UP ________ U O L I A K j_______ ANNUAL K A lt S QUARTER 2— 61 3 -6 1 4 -6 1 1 -6 2 2 —82 3 -6 2 4 -6 2 1 -8 3 2 -6 3 3 -6 3 2 4 1 .3 ¿ 3 7 .2 2 2 5 .3 2 2 4 .3 2 -6 0 --13 .2 -1 6 .1 -1 9 .1 -1 9 .3 -3 3 .7 2 02 .4 3 -6 0 - 1 2.6 -1 4 .0 -1 6 .8 -1 6 .2 -2 2 .5 -9 .5 4 -6 0 -7 .7 -6 .0 -9 .3 -6 .0 -6 .4 7 .7 1 -6 1 -4 .0 —4 . 5 -4 .1 -0 .9 -0 .7 13.6 2 7.3 2 -6 1 '2 .2 -2 .5 -1 .9 1 .2 1 .9 13.4 2 2.2 1 9.4 12.0 3 -8 1 -0 .9 -0 .9 -0 .2 2 .0 3 .5 13.2 19.7 17.0 12.6 1 2.4 4 -6 1 -3 .1 -3 .3 -3 .0 -0 .0 -0 .7 6 .3 9. 7 5 .6 —0 . 6 -6 .7 -2 2 .5 1 -0 2 -6 . 1 -6 .6 -6 .7 -5 .2 -5 .6 -0 .6 0 .8 -3 .9 -1 0 .3 -1 6 .9 -2 8 .6 -3 4 .2 2 -0 2 -5 .4 -5 .6 -5 .0 —4 . 4 -4 .7 -0 .2 1 .2 -2 .7 -7 .7 -1 2 .2 -1 9 .2 -1 7 .5 1 9 7 .4 28. 1 2 1 0 .0 2 6 .5 2 22 .7 2 2 9 .5 2 3 6 .3 221 .7 1 VS . 7 2 0 1 .4 3 .4 3 -8 2 -5 .5 -5 .8 -5 .6 -4 .5 -4 .0 -0 .9 0 .3 -3 .2 -7 .4 -1 1 .0 -1 6 .0 -1 3 .6 -1 .3 —5 .6 4 -6 2 -7 .8 -6 .3 -8 .4 -7 .5 -6 .0 -4 .9 -4 .4 -7 .8 -1 1 .9 -1 5 .5 -2 0 .1 -1 9 .5 -1 4 .0 -2 1 .5 -3 4 .6 -1 3 .5 -1 1 .6 -4 .9 -7 .5 -6 .3 2 8 .7 -3 .5 4 .2 4 .4 8 .0 3 8 .6 49. 0 1 9 8 .4 1 78.4 1 -6 3 -5 .8 -6 .2 -6 .1 -5 .1 -5 .4 -2 .3 -1 .5 -4 .4 -7 .6 -1 0 .2 2 -8 3 -3 .2 -3 .4 -3 .2 -2 .0 -2 .0 1 .3 2 .3 0 .0 -2 .5 —4 . 3 3 -6 3 -1 .0 -1 .1 -0 .7 0 .6 0 .0 4 .1 5 .3 3 .5 1*4 0 .2 -1 .2 2 .3 10.1 11.5 16.3 4 0 .9 4 7 .4 4 5 .1 4 — 83 0 .1 0 .1 0 .5 1 .9 2 .1 5 .3 6 .5 4 .9 3. 1 2 .2 1 .2 4 .6 1 1.7 1 3.2 1 7.4 3 5 .9 3 8.4 3 3.1 2 2 .1 n «7 9 2 -7 9 3^-79 4- IV 1 -5 U 2 -8 0 3 -5 0 4 -8 0 2 -8 1 3 -6 1 4 -8 1 I —82 2 -6 2 3 -8 2 4 -8 2 1 -8 3 2 -8 3 3 -6 3 l-o I ~ 6 .5 1 9 0 .0 2 10 .2 2 3 0 .7 2 4 2 . 5F I K 1 11 AL U U A R I t K P- P K E L 1 M IN A R Y PR EPARED B Y FED ER AL K t S E k v t JA N U A R Y 2 0 , 1964 16 ttAfcC Oh s i . L O U IS GO VERN M ENT P U R C H A S E S Cff G 0005 AMO S E R V IC E S IN C U R R EN T D O L L A R S COMPOUNDED AN N U AL R A T E S Of C HAN GE______________________ B J L L lü * ^ TE R H I N A L __________________________________________________ ________________ I N I T I A L Of Q U A R T ER _______________________________________________________________________ D O L L A R S UUARTER annual ra i t s 1 -79 2 -7 9 3 -7 9 4 -7 9 1—80 2 —80 2 -7 * 6 .8 3 -7 9 9 .7 4 -7 9 12.1 14.8 16.9 1-6 0 13.3 15.5 17.0 17. 1 2 -6 0 13.5 15. 3 16.2 1 5.8 14.6 3 -6 0 11.7 1 2.7 1 2.7 1 1.3 8 .5 2 .7 4 —8 0 12.2 13.1 1 3.2 1 2.3 10.8 9 .0 3 -6 0 4 -8 0 1-81 2- 8 1 3 -8 1 4 -81 1 -8 2 2 -8 2 3 -8 2 4 -8 2 1 -8 3 2 -8 3 3 —8 3 4*>4.5 1 2.6 4 78 .5 4 9 7 .6 5 17 .6 5 3 5 .5 539. 1 5 59 .0 15.6 1 -8 1 12.3 13.1 13.2 12 . 5 1 1.3 1 0.3 2 -6 1 11.5 12 .1 1 2.0 11.2 1 0.1 9 .0 1 1.1 9 .0 5 .1 3 -8 1 11.5 12.1 1 2.0 1 1.3 10.4 9 .6 11.4 1 0.0 8 .5 12.0 4 -8 1 11.9 1 2.4 12.4 1 1.9 11.2 10.6 12.2 11.4 10.9 13.9 1 5.9 1 4.3 1 3.0 5 7 6 .3 5 83 .5 6 00 .3 6 22 .8 6 2 9 .8 1 -8 2 11.3 11.7 1 1 .6 11 .0 10.3 9 .7 10.9 1 0.0 9 .3 10.7 10 . 1 4 .6 2 -8 2 10.5 1 0.6 1 0.6 1 0.0 9 .2 6 .6 9 .5 8 .5 7 .6 6 .2 7 .0 2 .8 1.1 3 -8 2 10.9 1 1.2 1 1.1 1 0.6 9 .9 9 .4 10.3 9 .5 9 .0 9 .8 9 .2 7 .1 8 .4 6 3 1 .t 1 6.2 6 55 .7 6 79 .7 4 -8 2 1 1.2 11.5 1 1.4 1 1 .0 10.4 1 0.0 1 0.8 1 0.3 9 .9 10.7 1 0.4 9. 1 1 0 .7 1 5.8 15.5 1 -6 3 10.3 10.6 1 0.4 1 0.0 9 .4 8 .9 9 .6 8 .9 8 .4 8 .9 8 .4 7 .0 7 .6 9 .8 6. 7 -1 .3 2 -8 3 9 .9 10. 1 10.0 9 .5 8 .9 8 .5 9. 0 8 .4 7 .9 8 .2 7 .7 6 .4 6 .8 8 .2 5 .7 1 .1 3 .6 3 -8 3 9 .9 10. 1 9 .9 9 .5 8 .9 8 .5 9 .0 8 .4 8 .0 8 .3 7 .9 ^>.8 7 .1 8 .4 6 .5 3 .7 6 .3 9 .0 4 -8 3 9 .5 9 .6 9 .4 9 .0 8 .5 8 .0 8 .4 7 .9 7 .4 7 .7 7 .2 6. 1 6 .4 7 .3 5 .6 3 .2 4 .8 5 .4 2 .0 1 - Tv ¿ - rv 3 -7 9 4— TV 1 -8 0 Z-BO 3 -B O 4— 80 1 -8 1 2 -8 1 3 -8 1 1 -8 2 2 -8 2 3 -6 2 4 -8 2 1 -6 3 2 -6 3 3 -8 3 4 -8 1 6 7 7 .4 6 8 3 .4 6 9 8 .3 7 0 1 . 1Ÿ INI UAL UUAR 1tK P- PREL ININART 1972 D O L L A R S G OH P OU NO ED ANN UAL RA T E S OF CHANGE IN IT IA L re RH IN A L U U A K ltR 1 -7 9 2 -7 9 2 -7 9 0 .6 3 -7 9 1 .7 2 .9 4 -7 9 2 .3 3 .2 3 -7 9 4 -7 9 1 -8 0 2 -8 0 3 -8 0 4 -8 0 1 -8 1 b lL H O N S Of DULLARD ANNUA L R a T l S QUARTER 2- 8 1 3 -8 1 4 -8 1 1 -8 2 2 -8 2 3 -8 2 4 -6 2 1 -8 3 2— 3 3 -6 3 2 76.6 ¿ 7 8 .8 3 .5 2 81 .2 1 -8 0 2 .7 3 .5 3 .8 4 .0 2 —6 0 3 .0 3 .6 3 .8 4 .0 4 .0 2 8 4 .0 3 -8 0 1.8 2 .1 1 .9 1 .3 0 .0 -3 .8 4 -8 0 1 .3 1 .4 I . 1 0 .5 -0 .7 -3 .0 -2 .1 1 -8 1 1.7 1 .8 1 .6 1 .2 0 .6 -0 .6 1 .1 4 .5 2 -8 1 1 .2 1 .3 1 .1 0 .7 0 .0 -0 .9 0 .0 1 .1 -2 .1 3 -8 1 1 .5 1 .6 1 .4 1. 1 0 .7 0 .0 1 .0 2 .0 0 .8 3.9 4 -6 1 1.7 I .8 1 .7 1 .5 1 .1 0 .6 1 .6 2 .5 1 .9 3 .9 4 .0 1 -8 2 1 .5 1 .6 1 .5 1 .3 0 .9 0 .5 1 .3 1 .9 1 .3 2 .5 1 .8 -0 .3 2 8 6 .Ü 2 84 .0 2 82 .5 2 85 .6 ¿84. 1 ¿ 8 6 .8 2 89 .6 ¿ 8 9 .4 2 -8 2 1.0 1 .1 0 .9 0 .7 0 .3 -0 .2 0 .4 0 .8 0 .1 0 .6 -0 .5 -2 .6 -4 .9 3 -8 2 1 .6 1 .7 1 .6 1 .4 l.l 0 .8 1 .4 1 .9 1 .5 2 .3 1 .9 1 .2 1 .9 9 .3 ¿ 8 5 .8 4 -8 2 2 .2 2 .3 2 .2 2 .1 2 .0 1 .8 2 .4 3 .0 2 .8 3 .6 3 .6 3 .5 4 .8 1 0.0 1 0 .7 1 -6 3 1 .5 1 .5 1 .4 1 .3 1 .0 0 .8 1 .2 1 .6 1 .3 1.8 1 .4 0 .9 1.2 3 .3 0 .5 292^ ¿ 9 9 .7 2 9 2 .9 -6 .8 2 -8 3 1 .3 1 .4 1 .3 1 .1 0 .9 0 .6 1 .0 1 .3 1 .0 1. 4 1. 1 0 .6 0 .7 2 .2 -0 .0 -5 .0 - l . l 3 -8 3 1.5 1 .5 1 .4 1 .3 l. l 0 .9 1 .3 1 .6 1 .3 1 .7 1 .5 l. l 1 .3 2 .6 1 .0 -2 .0 1 .6 4 .3 2 9 2 .1 4 -6 3 1 .2 1 .3 1.2 1 .1 0 .9 0 .6 1 .0 1 .2 1 .0 1 .3 1 .0 0 .6 0 .7 1 .7 0 .3 -2 .2 0 .1 0 .8 -2 .7 -------------------------1 - 7 9 ------ 2®T9------ 3 *7 V— 4 - 7 9 ------1- 8 0 ------2 - 8 0 ------ 3 - 8 0 — 4 - 8 0 1 -51 2 -«l 3 -8 1 4 -8 1 1 -8 2 2 -6 2 3 -8 2 4 -8 2 1 -6 3 2 -6 3 J -8 3 2 95 .2 2 9 3 . 2F ------------------------------------------------------------------------------------------------------------ INI 11 AL WAKI fcK P- PR e L I H I N A R T ----------------------------------------------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ ----------------------------------------------P R E P A R E D 0 Y F E D E R A L R E S t f t V t b A S * J A N U A R Y 2 0 » 1964 17 OF i>T . L O U lò D I ^ P U ^ P O U ^ D ° A H > < U A L C^ E S N OF U C H A N U £ D Q L L A R S TE R H I N A L W A R ItR IH IT IA L 1 -7 V 2 -1 9 3 -7 9 2 —T 9 V. 5 3 -7 9 11.2 13.0 A —TV 10.6 11.5 1 0.1 1 -6 0 11.6 1 2.3 1 2.0 4 -7 9 1 -6 0 2 -8 0 3 -8 0 4 -8 0 1 -8 1 B IL L IO N S QUARTER 2 -8 1 3-6 1 4 -8 1 1—82 2 -6 2 3 -8 2 4 -6 2 1 -8 3 2 -8 3 3 -6 3 1 ,6 2 4 .0 I »6 7 4 .3 I » 7 14 .9 13.9 1,7 7 1 .7 2- e o 1 0 .1 10.2 9 .3 8 .9 4 .1 3 -e o 1 0.6 1 0.8 1 0.3 10.3 8 .6 13.2 4 -8 0 11.1 11.3 1 1.0 11.3 1 0.4 13.6 14.1 1 -6 1 1 1.3 1 1.6 1 1.4 1 1.6 11.1 13.5 1 3.6 13.1 Z-8 1 11.1 11 . 3 1 1.0 1 1.2 10.6 1 2.3 1 2.0 11.0 9 .0 1 ,7 8 9 .8 I ,6 4 6 .0 1 ,9 0 8 .0 1 ,9 6 7 .6 2 ,0 1 0 * 4 3 -9 1 11.7 11 . 9 11.8 12 . 0 11.7 1 3.3 13.3 13.1 1 3.0 17.3 4 — 81 11.1 11.3 11.1 11.2 10.8 1 2.0 1 1.7 11.1 10.5 1 1.3 5 .6 1 -8 2 1 0.3 1 0.3 10. 1 1 0.1 9 .6 1 0.4 9 .9 9 .1 8. 1 7 .9 3 .5 1 .4 2 -6 2 9 .9 1 0.0 9 .T 9 .6 9 .2 9 .8 9 .4 8 .6 7 .7 7 .4 4 .3 3 .7 3 -6 2 9 .6 9 .7 9 .4 9 .3 8 .9 9 .4 9 .0 8 .2 7 .4 7.1 4 .8 4 .5 6 .1 6 .2 4 -6 2 9 .5 9 .5 9 .2 9. 1 8. T 9 .2 8 .7 0 .1 7 .4 7 .1 5 .2 5 .1 6 .3 6 .5 6 .8 1 -6 3 9 .2 9 .2 8 .9 8 .8 8 .4 8 .0 0 .4 7 .7 7. 1 6 .8 5 .2 5 .1 6 .0 6 .0 6 .0 5 .1 2 -8 3 9. 1 9 .1 0 .0 8 .8 8 .4 0 .7 0 .3 7. 0 7 .2 7 .0 5 .6 5 .6 6 .5 6 .6 6 .7 6 .7 8 .2 3 -6 3 9 .2 9 .2 9 .0 8 .9 8 .6 0 .9 8 .6 8 .1 7 .6 7 .4 6 .3 6 .3 1 .2 7 .4 7 .8 8. 1 9 .6 1i.O 4 -6 3 9 .3 9 .3 9. 1 9 .0 8 .7 9 .0 8 .7 0 .3 7 .9 7 .8 6 .8 6 .9 7 .7 8 .0 8 .4 8 .8 1 0.0 1 0.9 1 0.9 1 -/ V 2— T V 3 -7 9 4 - TV i-c o 2 -6 0 3 -6 0 4 -8 0 1-91 2 -8 1 3 -8 1 4— 61 1- 42 2 -4 2 3 -4 2 ^4-* 2 1 -83 2 -6 3 3 -6 3 IN IT IA L P- Of- ANNUAL RAT E S 2 ,0 9 2 .0 2 ,1 2 0 .3 2 ,1 2 7 .9 6 .0 2 , 1 5 9 .0 2 ,19 1.3 2 ,2 2 7 .8 2 ,2 5 5 .9 2 ,3 0 1 .0 2 ,3 6 1 .7 2 ,4 2 3 .6 P QUARTER PF E L I * I N A R Y U i S P U S A B L E PE R S O N AL W C O H f I N 1972 C O L L A R S COMPCHJHO6O A N N U A L R A T E S OF CHANGE TERM INAL QUARTER IN IT IA L 1— T V 2 -7 9 0 .2 3 -7 9 1 .7 2 -7 9 3 -7 9 4 -7 9 1 -8 0 2 -8 0 3 -6 0 4 -8 0 1 -6 1 QUARTER 2 -6 1 3 -6 1 4 -6 1 1- 6 2 2 -8 2 3 -8 2 4— 62 1 -6 3 gTLXTW 3m F DOLLARS ANNUAL RATES 2 -6 3 3 -6 3 1 ,0 1 1 .7 3 .2 1 ,0 1 9 .8 4 -7 9 1 .2 1 .7 0 .1 1 -6 0 1 .5 I .9 1 .2 2 .3 2 -8 0 0 .1 0 .0 -1 .0 -1 .6 -5 .3 -0 .1 -1 .3 1 ,0 2 0 .1 1 ,0 2 5 * 8 3 -8 0 0 .5 0 .6 -0 . 1 4 -8 0 1 .0 1 .2 0 .8 0 .9 1 -8 1 1 .5 1 .6 1 .4 1 .6 I .5 1 .5 1 ,0 1 2 .0 2 .9 1 ,0 1 9 .2 3 *5 4 .1 3 .8 4 .3 1 ,0 2 9 .6 4 .4 1 ,0 4 0 .7 2 -6 1 1 .5 I .7 1 .4 1 .7 3 .3 3 .5 3. 1 1 .9 3 -8 1 2 .2 2 .4 2 .3 2 .7 4 .4 4 .8 5 .0 5 .3 8 .9 4 -8 1 1 .9 2 .0 1 .9 2 .1 3 .4 3 .5 3 .4 3 .0 3 .6 1 -6 2 1 .4 1 .5 1 .4 1 .5 1 .4 2 .4 2 .3 2 .0 1 .4 1 .2 -2 .4 -3 .4 2 -6 2 1 .5 1 .6 1 .4 1 .6 1 .5 2 .4 2 .3 2 .0 1 .5 1 .4 -1 .0 -0 .8 3 -8 2 1*3 1 .4 1 .3 1 .4 1 .3 2. 1 1 .9 1 .6 1 .2 1 .0 -0 .8 -0 .6 4 -6 2 1 .4 1 .5 1 .4 1 .5 1 .4 2 .1 2 .0 1 .8 1 .4 1 .3 -0 . 1 0 .2 1 .4 1 .1 2 .6 1 -8 3 1.5 1 .6 1 .5 1 .6 1 .5 2 .2 2 .1 1 .9 1 .6 1 .5 0 .4 0 .7 1 .8 1 .7 2 .8 2 .9 2 -8 3 1 .6 1 .7 1 .6 1 .7 1 .7 2 .3 2 .2 2 .0 1 .8 1 .8 0 .8 1 .2 2 .2 3 .0 3 .2 3 .5 3 -6 3 1 .9 2 .0 1 .9 2 .0 2 .6 2 .6 2 .4 2 .2 2 .3 1 .5 1 .9 2 .8 3 .0 3 .9 4 .3 5 .0 6 .4 4 -6 3 2 .2 2 .3 2 .2 2 .4 2 .9 3 .0 2 .9 2 .7 2 .8 2. 1 2 .6 3.5 3 .7 4 .6 5 .1 5 .8 7 .0 7 .5 ----------------1 - 7 9 ---- 2-TV----3-TV— 4-TV ------ t~ 8 0 — 2 -8 0 — 3*60— A - 80----1-81----2 -81---- 3-81----4 ^ 1 ---- 1 - S Z Z-B Z 3 -8 2 4 -8 2 r -8 3 2-B 3 J^ff3 1 ,0 4 5 .6 -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------I N I I I A L 1 ,0 6 8 .1 -1 .4 1 ,0 6 4 .3 1 ,0 5 5 .1 i ,06 0.2 1 .9 1 ,0 5 9 .3 -0 .3 1 ,0 6 6 .1 1 , 0 73 *8 1 ,0 8 3 .1 1 ,1 0 0 .1 1 , 120 .3 R Y U A K If c K ------------------------------------------------------------------------------------------------------------------------------------------------------------------------- -p* ~ r * g - i * m A * Y ---------------------------------------------------------------------------------------------------------------------------------------------— m E F « K > BY FEDERAL RESERVE JA N U A R Y 2 0 » 18 1984 6AW OF S 1 .T LOUIS CORPORATE P R O M T S A FTER TA X E S* COMPOUNDED AN N UA L RATfcS OF CHANGE T E R ^ I ^ L ________________________________________________________________________ I N I T I A L Q U A R T E R ______________________________________________________________________ Ü LfeLLAhS ¿»UAftTEFT ANN UAL R A T t S 1-7 9 4 -7 8 2 -7 9 3 -7 9 4— 79 1 -8 0 2 -8 0 3 -6 0 3 -0 2 4 -0 0 1-8 1 2 -61 3 -8 L 1 -9 2 2 -6 Z 1-tì 3 2-Û 3 4 -61 4 -8 2 1 -7 9 3 .3 2 -7 9 5 .8 8 .4 3 -7 9 8 .2 1 0.7 13.0 4 -7 9 3 .2 3 .2 0 .6 1 -8 0 3. 1 1 61 .2 1 6 4 -b 1 6 9 .6 -1 0 .4 16 * . 0 3 .1 1 .4 -4 .0 2 .9 2 -6 0 -6 .7 -11 .0 -1 5 .3 -2 3 .0 -2 8 .6 -5 0 .5 3 -8 0 -4 .7 -6 .0 -6 .7 -1 3 .4 -1 4 .4 -2 1 .9 23.3 4— « 0 -4 .2 -5 .2 -7 .4 -1 1 .0 -1 1 .1 -1 5 .3 1 0.7 1 66 .1 146.9 -0 .5 14-6 . 7 1 -8 1 -2 .2 -2 .8 -4 .3 -7 .0 -6 .3 —6 . 4 1 2.4 7 .3 1 5.9 2 -e i -5*6 -6 .5 -6 .2 -1 0 .9 -1 1 .0 -1 3 .5 -0 .6 -7 .5 -1 0 .7 -3 1 .2 3 -6 1 -3 .7 -4 .4 -5 .7 -7 .9 -7 .5 -9 .1 2 .6 -2 .0 -2 .4 -1 0 .5 16.5 4 -8 1 -3 .9 -4 .6 -5 .8 -7 .7 -7 .3 -0 . T 1.1 —2 . 0 “ 3 .4 -9 .1 4 .5 -6 .2 1 -6 2 -1 0 .2 -1 1 .2 - 1 2 .8 -1 5 .0 -1 5 .5 - I T . 6 -1 1 .4 -1 6 . 1 -1 8 .9 -2 5 .8 -2 3 .9 -3 8 .5 -5 9 .7 2 -6 2 -6 .4 -9 .3 -1 0 .6 -1 2 .5 -1 2 .7 -1 4 . 3 -6 .2 -1 2 .0 -1 3 .6 -1 8 .8 -1 5 .3 -2 3 .8 -3 1 .4 16.9 3 -8 2 -8 .1 -6 .9 -1 0 . 1 “ 1 1.0 -1 1 .9 -1 3 .2 -7 .7 -1 0 .9 -1 2 .3 -1 6 .3 -1 3 .0 -1 9 .1 -2 3 .0 6 .5 -3 .0 4 -6 2 -6 .2 -«.9 -1 0 . 1 -1 1 .6 -1 1 .7 -1 2 .9 -7 .9 -1 0 .8 -1 2 .0 -1 5 .4 -1 2 .5 -1 7 .3 -1 9 .9 0 .7 -6 .5 -9 .9 1 3 b .6 1^4.0 141* 7 112.9 L1?t4 1 13 .5 1 -6 3 -8 .8 —9 . 5 - 1 0 . 6 -1 2 .1 -1 2 .2 -1 3 .3 -6 .8 -1 1 .5 -1 2 .7 -1 5 .7 -1 3 .2 -1 7 .3 -1 9 .4 -4 .2 -1 0 .3 -1 3 .7 -1 7 .4 2 -6 3 -5 .0 -5 .4 —6 . 2 -7 .4 -7 .2 -T .9 -3 .0 -5 .1 -5 .5 -7 .7 -4 .2 —6 . 8 -6 .9 1 0.0 8 .3 1 2.4 25.6 9 1,0 3 -6 3 -2 .2 -2 .5 -3 . 1 -4 .0 -3 .5 -4 .0 1 .0 —0 . 6 -0 .6 -2 .2 1 .7 0 .0 1.0 1 7.7 1 7.8 2 3 .7 37.5 77.4 6 4.7 4— 7B 1 -79 2 -T 9 3 -7 9 4 -7 9 1 -5 0 2-ÖÖ 3 -0 Ô 4 -Ö Ö 1-Ô1 2-81 3-01 4 -6 1 1 -6 2 2-8 2 3 -8 2 4 -8 2 1 -6 3 2 -8 3 U l . i N.A. 4-83 INITIAL * N ATIO N A L N.A. 1 ^ .1 - Not IN CO ME GÜÀATE1 B ASIS ava i l a b l e P R E P A R E D BY F E D E R A L J A N U A R Y 2 0 , 1*64 RtS tR V t bANK. CW- S T . HISTORICAL SOURCES OF NATIONAL INCOME AND PRODUCT ACCOUNTS DATA The NIPA estim ates f o r 1929-76 are in The National Income and Product Accounts o f the United States, 1929-76: S ta tistic a l Tables (Stock number TO2-010-00101-1, p rice $10.00). E stim a te sfo r 1 977-79 and c o rre c tio n s fo r e a r l i e r years are in the J u ly 1982 Survey of Current B u s in e s s . Estim ates f o r 1980-82 appear in the J u ly 1983 Survey of Current Business. Estimates fo r the periods sin ce , appear in subsquent is s u e s of the monthly Survey of Current Bu sin e ss. These p u b lic a t io n s are a v a ila b le from the SuperiTTfendent o f Documents, U.S. Government P r in t in g O f fic e , Washington, D.C. 20402. For fu rth e r inform ation, write to the National Income and Wealth D iv is i o n ( B E -54) Bureau o f Economic A n a ly s is , U.S. Department of Commerce, Washington, D.C. 20230. 19 Uj u IS IN VENTORIES COMPARED WI TH MONTHLY SALES* MANUFACT URI NG «RATIOS BASED SHADED AREAS LATEST DATA ON S E A S O N A L L Y REPRESENT PLOTTED! ADJUS TED PERIO DS N OV E M B E R OF AND TRADE D ATA . BUSINESS SOURCE! U . S . DEPARTMENT OF C OMME RCE RECESSIONS. PRELIMINARY PREPARED 20 BY FEDERAL RESERVE BANK OF ST. LOUIS
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