Full text of National Economic Trends : January 1985
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N a tio n a l E c o n o m ic T r e n d s January 1 9 8 5 T h e B e c a u s e q u a rte r 3.5 a th e a 2.7 the firs t o n ly in s lig h tly 1984 s lo w d o w n p e rc e n t ra te s e c o n d to in 3.5 h a lf. in th e 3.8 re a l in le ss th e e x p o rts in th e th e o f g r o w th an h a lf A ll o f 6.3 p e rc e n t d r a m a t ic a lly re a l th e 8.6 F o r th e w as a n n u a l w id e s p re a d . and c o m p o n e n ts s e rv ic e s im p o rts , net o f in fo r re g is te re d e n d in g p e rio d ra te o f y e a r sa le s n e g a tiv e m o re y e a r 1983, th e h a lf th e G N P q u a rte r o f e n d in g first 1984. fo u rth y e a r d e fla to r, 1984, o f w as p ric e s rose e a rlie r. in c re a s e fin a l s e co n d th e fo r by fo u rth a fin a l re a l w e re th e g r o w th m e a s u re d R e a l w e re e x p o rts as y e a r c o rre s p o n d in g p e rc e n t G N P g r o w th p e r fo rm a n c e , m a jo r g o o d s s lo w e d p e rc e n t y e a r. fo r fro m ra te . 5.6 P r ic e p re v io u s se co n d a c t iv it y th e th a n p e r c e n t G N P p e rc e n t N e t s lo w in g as ig « W 6 m ic h o w e v e r, re c e ss io n . w ith ra te a o f h a lf, 198 1-82 c o m p a re d s u b s ta n tia l the e x p a n sio n th e s a m e T h e to w a s fro m p e rc e n t, p e rc e n t o f s tro n g 1984 re c o v e ry a b o u t ra te o f in th e g r o w th sa le s th ro u g h o u t in h a lf d ro p p e d s lo w e d n e g a tiv e first fro m 1984. th e o f fro m th e a 6.9 first E v e n se co n d 1984 to w ith h a lf first. G N P (c o m p o u n d e d in 1972 a n n u a l D o lla r s ra te s o f ch a n g e ) 11/1984 I V / 1983 to to I V / 1984* G N P s a le s P e rs o n a l G ro s s N e t c o n s u m p tio n p r iv a te e x p o rts e x p e n d itu re s d o m e s tic o f g o o d s fix e d and in v e s tm e n t p u rc h a s e s o f g o o d s an d s e rv ic e s F e d e r a l S ta te * F o u rth an d 8. 6 % 5.6% 6.3% 5.2 4.1 2.3 6.3 4.2 5.7 8.7 18.5 13.5 19.7 9.8 q u a rte r 1984 V ie w — — — 5.3 3.7 3.1 26.1 16.0 23.5 9.4 7.7 -3.9 18.9 14.2 -9.5 3.6 3.5 3.4 lo c a l d a ta a re T H E F E D E R A L R E S E R V E R A N K o f K E U H 1 S e x p re s s e d d o 0.0 p r e lim in a ry — K e it h s to I V / 1983 6.9 2.1 6.8 6.0 Im p o rts G o v e r n m e n t to 3.5 — s e rv ic e s E x p o rt s I V / 1982 I V / 1984* 11/1984 2.7% F in a l I V / 1983 n o t n e c e s s a rily re fle c t o ffic ia l p o s itio n s o f th e F e d e ra l R e s e rve S y s te m . M . a than C a rls o n TO TAL COM POUNDED C I V I L I A N E M P LO YM E N T* ANN UAL R A TES Q F CHANGE T E R M I N A L ________________________________________________________________________________________ I N I T I A L H Q N I H ___________ ________________________________________ _ _ _ ___________________________________ T H O U S A N D S MONTH OF PERSON S 4 -A 4 1 0 -6 3 1 1 -0 3 1 2 -8 3 1 -8 4 2 -8 4 3 -8 4 5 -6 3 7 -6 3 6 -8 3 9 -6 3 7 -8 4 8 -8 4 9 -ft4 6 -8 3 5 -8 4 6 -8 4 1 1 -flA 6 -6 3 1 0 .2 7 -6 3 9*6 8 -6 3 6 .1 7 .0 5 .0 9 -6 3 7 .2 6 .3 4^9 _ 1 0 -6 3 5 .9 4 .6 3 .5 n -6 3 6 .3 5*5 4 .6 4*5 4 .3 8*0 1 2 -6 3 5 .9 5 .2 4 .5 4*3 4 .2 5 .9 3*9 1 -6 4 5*6 4*9 4*2 4*1 3*9 5 .0 3*5 2 -6 4 5 .7 5*2 4*6 4*6 4*5 5 .5 4*7 5*1 7 .1 3 -6 4 5 .4 4*9 4 .4 4 .3 4*2 5*0 4*2 4*3 4*9 2 .7 4 -6 4 5 .2 4 .7 4*3 4 .2 4*1 4 .7 4*0 4*1 4 .4 3*0 3*3 5 -6 4 5 .5 5 .1 4 .7 4 .7 4*7 5*3 4*8 5*0 5 .0 6„1 9*1 6 -6 4 A i3 4 .9 4 .6 4 .5 4*5 5_*_0 4*5 4*6 4*? 4*4 5*0 I 5*8 2 .6 7 -6 4 4 .9 4 .5 4*2 4 .1 4t0 4 .4 3 .9 3 .9 4*1 3*5 ! r%i 3 .8 1 .2 -0 .2 6 -6 4 Jtt4 4 .0 3*6 3*5 3*4 3 .7 3*2 3*1 3*1 2t4_ -0 .1 -1 .4 1 0 0.,4 4 4 1 0 1 , 1 7 3 __________ 9*1 1 0 ii 599 A ^ _ IQ Ij^ 0*7 ^ 3 .1 lQ 3 i 8 8 8 . . 105, 391 1 105» 377 *i 3 .9 3*6 3*5 3*3 3 .6 3 .2 3*1 3*1 2*5 2*5 2*3 0 .7 OtO 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 1 -6 4 4 .2 3*8 3 .5 3*4 3*3 3 .5 3 .1 3*1 3*1 2*6 2. 6 2*5 1 .5 1 .2 ^3*?_ 2*8 2*8 2*7 1 .8 1 .7 2 -8 4 ~ 3 -8 4 4 -8 4 5 -8 4 5 -8 4 5 -6 3 6 -8 3 7 -6 3 8 -8 3 9 -8 3 1 0 -8 3 3 .2 3*1 1 1 -8 3 1 2 -8 3 1 -8 4 IN IT IA L ♦ R EV ISED FR OM 105, 148 -2 * 6 o.i_ 2.8 105, 394 2*9 __ 1 0 5 » 6 4 9 105, 932 3 .0 3 .1 2 .1 3 .2 3 .4 3 .6 3 .9 6 -8 4 7 -8 4 8 -8 4 9 -8 4 1 0 -8 4 1 1 -8 4 6 -8 4 7 -6 4 8 -8 4 9 -8 4 1 0 -8 4 1 1 -8 4 1 .6 3 .3 106, 273 MONTH 1960. PAYROLL ________ C O M P O U N D E D TE R M IN A L MONTH EMPLOYMENT ANNUAL IN IT IA L RATES OF THOUSANDS MONTH OF 5 -8 3 6 -6 3 7 -6 3 8 -6 3 9 -8 3 6 -6 3 4*8 7 -6 3 4 .8 4*7 8 -6 3 1 .5 -0 * 1 -4 * 6 9 -6 3 4 .9 4*9 5*0 15*7 A * 8 ____ 4 . 8 9.9 4*4 4*8 2 _____ 1 0 5 * 1 6 2 ____________ 4 .2 . „ 3 .5 ^ 1 0 -6 3 1 1 -6 3 1 2 -6 3 1 -8 4 2 -6 4 3 -8 4 4 -8 4 _____ PERSONS 3 9 * 9 2 1 ____________ 9 0 .2 7 4 8 9 ,9 1 8 91,018 9 1 .3 4 5 1 1 -8 3 4 .8 4*8 4*8 6*1 4*5 4*6 1 .2-63 *^7 4*7 4*7 7*2 4*5 4*6 4 .5 9 1 ,6 8 8 9 2 ,0 2 6 1 -8 4 4 .7 4*7 4*7 6*7 4*6 4*7 4*7 4*9 9 2 ,3 9 1 2 -6 4 4 .9 4*9 4*9 6 .6 4*9 5*0 5*1 5*5 9 2 .8 4 6 4*7 4*7 6*1 4*5 4*6 4*5 4*6 3 -6 4 4 .7 4 -8 4 4*7 4*7 4*7 5*9 4*6 4*7 4*7 4*7 4 .7 4*0 5*2 5 -6 4 4 .7 4*7 4*7 5*8 4*6 4*6 4 .6 4*7 4 .6 4*1 4*8 4*4 6 -6 4 4 .7 4*7 4*7 5*7 4*6 4 .6 4 .6 4 .6 4 .6 4*2 4*7 4*5 4*6 4*4 9 3 , 0 5 8 _________ 9 3 ,4 4 9 9 3 ,7 8 6 9 4 ,1 3 5 7 -8 4 4 .5 4*5 4*5 5*4 4*4 4 .4 4 .4 4*4 4*3 3*9 4*2 ____3 * 9 3*7 2*8 8 -6 4 4 .4 4*4 4*3 5*1 4*2 4 .2 4 .1 4*1 4 -0 3*6 3 t8 3*5 3*2 2*5 2*2 9 -6 4 4 .3 4*3 4*3 5*0 4*2 4 .1 4 .1 4*0 3*9 3*6 3*8 3*5 3*3 2*9 2*9 3*7 9 4 ,3 5 0 9 4 ,5 2 3 9 4 ,8 0 7 1 0 -6 4 4 .4 4*3 4*3 5*0 *•2 4*2 4*1 4*1 4*0 3*8 3*9 3 .7 3*5 3 .3 3*5 4*1 4 .5 1 1 -6 4 4*4 4*3 4*3 4 .9 4 .2 4 .2 4*1 4*1 4*0 3*8 3*9 3 .6 3*7 3 .5 3*7 4*2 4*4 4*3 1 2 -6 4 4*3 4*3 4*3 4*9 4*2 4*2 4*1 4 .1 4*0 3*8 3*9 3*8 3*7 3 .6 3*7 4*1 4*2 4 .1 4 .0 5 -8 3 6 —63 7 -8 3 8 -8 3 9 -6 3 1 0 -6 3 1 1 -6 3 1 2 -8 3 1 -8 4 2 -6 4 3 -6 4 4 -6 4 5—6 4 6 -6 4 7 -8 4 8 -8 4 9 -8 4 1 0 -8 4 1 1 -8 4 9 5 ,1 5 4 95 , 4 8 9 P 95» 798P I N I T I A L MONTH P - . _________ \0 4 » A O 4 .3 _ A * 5 _ ___3 * 4 ^ ______ 1 0 4 tl2 JL 9 -6 4 3 .8 702 103*294 1 0 -6 4 4 .2 . . 1 0 3 » 02.9 2 .2 1 2 -6 4 02 _________ 10?»-0 42 i .....2 . 7 P R ELIM IN A R Y PREPARED BY FED ER A L JA N U A R Y 9 , 19 8 5 2 RESERVE BANK OF ST. L O U IS E M P L O Y M E N T RATIO SCALE MILLIONS OF PERSONS SEASONALLY RATIO SCALE MILLIONS OF PERSONS A D JU ST ED 1977 1978 1979 1980 1981 1982 1983 1984 1985 S O UR C E » P ER CEN TA GES ftD ATA ARE REVISED LATEST DA TA A NN UA L FROM RATES OF C HA NG E FOR P E R I O D S U . $ . DEPARTMENT OF LA BO R ST. LOUIS INDICA TED, 1 080 . PLOTTEDi DE CE MB ER PRELIMINARY PREPARED BY F E D E R A L U N E M P L O Y M E N T SEASONALLY PERCENT RESE RV E BANK OF R A T E * ADJ USTED PERCENT 12.0 . I I 11.0 10. 10.0 9. 8 9.0 . 8.0 7. 7.0 6 . 6.0 5. 5.0 1977 1978 1979 1980 1981 1982 1983 1984 1985 4.0 SOURC Et PERCENT LATEST ft REVISED OF C IV ILIA N DA TA FROM PLOTTEDt U. S. DE PARTM ENT OF L AB OR ST. LOUIS L A B OR F O R C E OE C EMB E R 1®tO . PREPARED 3 BY FEDE RA L RESERVE BANK OF ____________________________________________________ C O N S U M E R TE R M IN A L P R IC E FO R A L L URBAN CONSU M ERS. SEASON A L L Y COM POUNDED AN N U A L R A TE S O F CHANGE IH D E X IN ITIA L 5 -8 3 6 -8 3 7 -8 3 8 -8 3 9 -8 3 1 0 -8 3 1 1 -8 3 MONTH 1 2 -8 3 — 1 -8 4 2 -8 4 — 3 -8 4 1967*100 4 -8 4 5 -8 4 6—8 4 7 -8 4 8 -8 4 9 -8 4 1 0 -8 4 1 1— 8 4 2 9 7 .6 6 -8 3 2 .5 7 -8 3 3 .5 4 .5 8 -8 3 3 .8 4 .5 4 .5 9 -8 3 4 .0 4 .5 4 .5 1 0 -8 3 4 .2 4 .6 4 .6 4 .7 4 .9 1 1 -8 3 4 .2 4 .6 4 .6 4 .6 4 .7 2 9 8 .7 2 9 9 .8 3 0 0 .9 4 .5 4 .2 4 .0 3 0 2 .1 3 0 3 .2 4 .5 3 .6 3 0 3 .9 2 .8 4 .0 4 .3 4 .2 1 -8 4 4 .5 4 .8 4 .8 4 .9 5 .0 5 .0 5 .3 7 .8 2 -8 4 4 .5 4 .7 4 .8 4 .8 4 .9 4 .8 5 .0 6 .1 4 .4 4 .5 4 .4 4 .4 2 .8 1 2 -8 3 A D J U S T E D ___________________________________________________ 3 0 5 .8 3 0 6 .9 3 0 7 .6 3 -8 4 4 .3 4 .5 4 .5 4 .5 5 .0 3 .6 4 -8 4 4 .4 4 .6 4 .6 4 .6 4 .7 4 .6 4 .7 5 .1 4 .3 4 .2 5 .6 5 -8 4 4 .2 4 .4 4 .4 4 .4 4 .4 4 .3 4 .3 4 .6 3 .8 3 .6 4 .0 2 .4 6 -8 4 4 .1 4 .2 4 .2 4 .1 4 .1 4 .0 3 .9 4 .1 3 .4 3 .2 3 .3 2 .2 2 .0 3 0 9 .0 3 0 9 .6 3 1 0 .1 3 1 1 .0 4 .0 4 .1 4 .1 4 .1 4 .0 3 .9 3 .9 4 .0 3 .4 3 .2 3 .4 2 .6 2 .7 3 .5 4 .1 4 .2 4 .2 4 .2 4 .2 4 .1 4 .1 4 .2 3 .7 3 .6 3 .8 3 .3 3 .7 4 .5 5 .5 9 -8 4 4 .1 4 .3 4 .2 4 .2 4 .2 4 .1 4 .1 4 .2 3 .8 3 .7 3 .9 3 .5 3 .8 4 .5 4 .9 4 .3 1 0 -8 4 4 .1 4 .3 4 .2 4 .2 4 .2 4 .1 4 .1 4 .2 3 .9 3 .9 3 .7 3 .9 4 .4 4 .7 4 .3 4 .3 1 1 -8 4 4 .1 4 .2 4 .1 4 .1 4 .1 4 .0 4 .0 4 .1 3 .7 3 .7 3 .8 3 .5 3 .7 4 .1 4 .2 3 .8 3 .5 2 .7 1 2 -8 4 4 .0 4 .1 4 .0 4 .0 4 .0 3 .9 3 .9 3 .9 3 .6 3 .5 3 .6 3 .4 3 .5 3 .8 3 .8 3 .4 3 .1 2 .5 2 .3 5 -8 3 6 -8 3 7 -8 3 8 -8 3 9 -8 3 1 0 -8 3 1 1 -8 3 1 2 -8 3 1 -8 4 2 -8 4 3 -8 4 4 -8 4 5 -8 4 6 -8 4 7 -8 4 8 -8 4 9 -8 4 1 0 -8 4 1 1 -8 4 • ; CD 7 -8 4 8 -8 4 IN IT IA L -TERMINAL IN IT IA L 3 1 4 .6 3 1 5 .3 3 1 5 .9 M ONTH PREPARED BY JANUARY 2 3 . PRODUCER P R IC E IN D E X , F IN IS H E D ________________________ C O M P O U N D E D A N N U A L 3 1 2 .4 3 1 3 .5 GOOOS RATES FEDERAL 1 9fl* RESERVE BANK OF S T. LO U IS - SEASONALLY AD JUSTED* O F C H A N G E _______________________ M ONTH MONTH 5 -8 3 6 -8 3 7 -8 3 8 -8 3 9 -8 3 1 0 -8 3 1 1 -8 3 1 2 -8 3 4 .7 7 -8 3 2 .3 0 .0 8 -8 3 3 .1 2 .3 4 .7 9 -8 3 2 .7 2 .0 3 .0 1 .3 10— 8 3 2 .6 2 .0 2 .7 1 .7 2 .1 3 -8 4 4 -8 4 5 -8 4 6 -8 4 9— 84 J-.8 4 1 0 -6 4 1 1 -8 4 1 .8 0 .8 0 *6 2 8 6 .3 286*6 2 8 7 .1 296*9 -0 * 8 2 .0 1 2 -8 3 2 .0 1 .5 1 .9 1 .2 1 .1 0 .6 2 .1 1 -8 4 2 .7 2 .4 2 .8 2 .4 2 .6 2 .8 4 .7 7 .3 2 -8 4 2 .9 2 .6 3 .0 2 .7 3 .0 3 .3 4 .7 6 .0 1 .4 2 .9 3 .3 3 .1 3 .4 3 .6 _ 2 8 7 ,4 4 .8 5 .7 289*1 4 .7 22Q-*2 .._ 4 .9 2 9 1 .4 5 .1 2 9 1 .4 4 -8 4 2 .8 2 .9 2 .7 2 .9 3 .0 3 .8 4 .2 2 .5 0 .0 5 -8 4 2 .5 2 .3 2 .5 2 .2 2 .4 2 .4 2 .9 3 .1 2 .1 1 .2 -0 .6 -1 * 2 6 -8 4 2 .3 2 .1 2 .3 2 .0 2 .1 2 .1 2 .5 2 .6 1 .7 0 .9 -0 .4 -0 * 6 2 9 W 1 291*1 0*0 291*9 2 .3 2 .2 2 .3 2 .1 2 .2 2*2 2 .6 2 .7 1 .9 1 .4 0*5 0*7 2 .1 1 .9 2 .0 1 .8 1 .9 1 .8 2 .1 2 .1 1 .4 0 .9 0*1 0*1 0*6 0*8 “ I t 6. 1*9 1 .7 1 .9 1 .6 1 .7 1*6 1 .9 1*9 1*2 0 .7 0 .0 0*0 0*3 0*4 -1 .0 -0 .4 1 0 -8 4 1 .7 1 .5 -0 * 2 -1 * 4 -1 * 2 -2 * 0 1 1 -8 4 1 .9 1 .2 2*1 6 .4 .U i_ 1*7 3 .6 0 .8 9 -8 4 10 -8 4 1 1 -8 4 7 -8 4 9 -8 4 ............1 2 t S_4 1*7 5—8 3 ♦DATA FOR FOUR _ 2 Ö 5 ..2 1 1 -8 3 3 .1 2 —8 4 2 8 5 .2 6 -8 3 3 -8 4 1 -8 4 6 -8 3 . 1 .6 1 .4 1 .4 1 .3 1 .5 1*5 0 .8 0*4 -0 * 3 -0 * 3 -0 ,2 1 .9 1 .7 1 .7 1 .7 1 .9 1*9 1*4^ 1 .0 Q t? 9 .i$ _0*9 _L»l8_ 7 -8 3 M ONTHS 3*3 AGO 1 .6 1 *7 1 .6 1 .8 1 .8 9 -^ 3 9 -8 3 1 0 -8 3 1 1 -8 3 1 2 -8 3 R E V ISE D TO 0*6 _ J U 3 _ _JL*4 1 -8 4 2 -8 4 3 -8 4 4 -8 4 . 5 ^ . 5 -0 4 _L?0 9*6 6 -8 4 7 -8 4 8 -8 4 291*4 290*9 292*4 2 9 2 .6 I N I T I A L M ONTH R E F l £ C T ' J t A 7 f _ J ! £ P Q R T I N 6 _____________________ PREPARED BY JA N U A R Y 1 0 , 4 FED ERAL 1985 RESERVE BANK OF ST. L O U IS ... PR I CES SEASONALLY ADJUSTED R AT I O SCALE I 967-100 CONSUMER P R I C E I N D E X C P I-U DATA BEGINNING PERCENTAGES ARE LATEST PLOTTED. DATA RATES OF C HANCE FOR PER IO D S PRODUCER A RE LATEST PLOTTEOt DATA (C P I-U ). HOMEOWKERSHIP COSTS. IN D ICATE D . DEC EM BER SCALE PERCENTAGES SCALE 1967-100 B E G I N N I N G J A N U A R Y 1 9 7 8 18 FOf t A L L U R B A N C O N S U M E R S 1083 I N C O R P O R A T E A R E N T A L E Q U I V A L E N C E M EA SUR E FOR ANWUAL PREPARED RATI O RAT I O ANNUAL RATES DECEM BER OF CHA NCE FOR FEDERAL RESERVE BANK PRICES P ER IODS OF ST. LOUI: RATI O SCALE INDICATED. PREPARED 5 BY BY FEDERAL RESERVE BANK OF ST. LOUIS PR O D U C ER P R IC E IN D E X , F I N IS H E D CO N SU M ER FO O D S - S E A S O N A L L Y A D JU S T E D * _________________________C O U P O N E D A N N U A L R A T E S Q F _ X H A M & E _ _ _________ _____________________ IN IT IA L 5 - 8 3 ____6 - 8 3 . 6 -A 3 . .-6 .7 7 —8 3 fl-83 9 -8 3 1 0 -8 3 1 1 -6 3 1967 * 100 M ONTH 1 2 - 8 3 ____L ~ £ 4 ___ 2 - 8 4 3-8 4 4 -8 4 5 -8 4 6 -8 4 7 -8 4 8 -8 4 9-ftü 10 -f tA 1 1 -6 4 _____________________________________________________________________________________________________________________________________ —6 . Q -5 . 2 5 9 .3 262 , 1 1 0-63 8 . 8 ____ L U I ____1 3 . 1 . 2 6 3 *9 1 2 -8 3 Z j l 5_____ 4 a _____ 6 * 1 _____ 6 , 6 _____ !L*B_____ 2 . 3 -2 -rflA 6*4 ____ 8*2 _ 3 ~8 4 6.6 9 .0 _____ 2 6 5 * 272. 8 A-Q_4_ 0 ^ 1 __ 21*3 l 1 L * 2 ____1 0 . 8 ___ _5 .-8 4 _ ^ --5 4 ^ _ Zr f i 4_ 5 _____ 3 « S . . 5*6 5 ,7 ? -8 4 -9.3 2 7 4 .4 _2 7JL*4 4^2 _____ 3 . 4 _ - 2 , 2 -4,5 - $ . 5 ___ - 6 , 6 ___ ~ 4 , 8 0*7 - Q. 6 - 2 * 6 __ - 0 . 9 ___ 5^4 5 ,7 5*2 3 . 0 _____ 3 . 7 _____ 4 * 3 _ 4*4 4 . 0 _____ 2 . 2 3„9 2 *9 4 *1 3 .7 3 .6 3,5 3*3 4*1, 6 -8 3 FOUR 3*0 3* $>___ 0 * 2 _____P_*P.. 7 -6 3 MONTHS AGO 3 , 6 ____ 4 . .2_____ 3 . 8 4 .5 ____ 4 , 2 8 -8 3 9 -8 3 R EVISED 1 0 -8 3 TO 1 1 -8 3 REFLECT 270*2 1 6. 7 273,5 -1 *1 ____ Zjl 3l__ - U 3 -273Lr5 272^5 3 . 1 _____0 . 0 ___ - 1 . 0 ___ - 2 . 3 A „ 4 _____ 4_J_4____ 4 ^ 5 ______ 3 t 4 _ . _ 4 j l Q 3 - 9 _____ 4 . 5 5 -8 3 FOR 2 7 6 .4 8*£ ■ A A ___ _______ 4 t 3 _ J >, 2____3* ♦DATA B*2^ J5.L 4 .3 ^ 4 _____ 4 * £ . 3*5 LQ- S4 5^4_ _ 4 * £ _____4*_7____ 4 * 2 _____1 , J 3 ^ 8 _____ 4 , 7 ,7 * 2 . 16*9 _8^3___ 8*2___ Z a 4 ___ S^B__ 10»Q _ . 7.9 ^5 .2 14*9 1 2 -8 3 LATE 1 . 3 ____ - 0 , 3 1 -8 4 2 -8 4 IN ITIA L R E PO R TIN G PRODUCER P R IC E IN D E X , F IN IS H E D ____________________________________ C O M P O U N D E D GOOOS, ANNUAL - .Q . 0 .9 3 -8 4 ? .9 4 -8 4 4 . 3 _______________ 1 * 9 5 -8 4 6 -8 4 7 -8 4 2 .8 8 -8 4 ^ 9 -8 4 10 -8 4 8 __ 2 7 6 .0 1 1 -8 4 M ONTH E X C L U D IN G FOODS - S E A S O N A L LY A D J U S T E D * R A T E S O F C H A N G E ______________________________________________ T ERM IN AL________________________________________________________________________ I N I T I A L MONTH_______________________________________ __________________________________ 1967 - 100 MONTH 5 -8 3 6 -8 3 7 -8 3 ft— 8 3 9 -8 3 1 0 -8 3 1 1 -8 3 1 2 -8 3 2 -8 4 3 -8 4 4 -8 4 5 -8 4 6 -8 4 7 -8 4 8 -8 4 9 -8 4 i q -&4_._ L L r £ 4 _ . 2 9 1 .3 6 —83 8 .6 7 -8 3 5 .3 2 .1 8 -8 3 4 .9 3 .1 4 .2 9 -8 3 3 .5 1 .8 1 .7 291.-S ^ -0 .8 2>6 2 9 2 .3 1 0 -8 3 2 .5 1 .0 0 .7 -1 .0 -1 .2 2 .2 1 .0 0 .7 -0 .4 -0 .2 1 2 -8 3 1 .8 0 .8 0 .5 -0 .4 -0 .3 0 .2 -0 .4 1 -8 4 1 .6 0 .6 0 .3 -0 .4 -0 .3 0 .0 -0 .4 -0 .4 2 -8 4 1 .8 0 .9 0 .8 0 .2 0 .4 0 .8 0 .8 1 .4 0 .8 29 Z jlI . 292*4. 2 9 2 .3 3*3 2 9 3 . 1 .. 2 9 4 .0 _____ 2 ^ 0 ___ 4 -8 4 2 .1 1 .4 1 .4 1 .0 1 .3 1 .7 1 .9 2 .5 3 .5 3 .5 3 .3 5 -8 4 2 .1 1 .5 1 .5 1 .2 1 .4 1 .8 2 .0 2 .5 3*2 Î*Z- ¿*.9 2t? 294 *8 295*4 2 .5 2 .1 2 9 5 .8 6 -8 4 2 .1 1 .5 1 .5 1 .2 1 .5 1 .8 1 .9 2 .3 2 .9 2 .8 7 -8 4 1 .9 1 .4 1 .3 1 .0 1 .2 1 .5 1 .6 1 .9 2 .3 2 . 1 ____ L * 6 1 * L 8 -8 4 1*6 1 .1 1 .1 0 .8 1 .0 1 .2 1 .2 1 .4 1 .7 i *4 1*0 .Qt± 1 .6 _0*4_ 9 -8 4 1 .6 1 .1 1 .1 0 .8 1 .0 1 .2 1 .2 1 .4 1 .3 1*0 0 .5 1 0 -8 4 1 .3 0 .9 0 .8 0 .6 0 .7 0 .9 0 .9 1 .0 1 .1 0 .9 0*5 0 .0 1 1 -8 4 1 .6 1 .2 1 .1 0 .9 i.O 1 .2 1 .2 1 .4 1*6_. 1 .4 L t L 0*8 0 .5 i a P .9 0 .6 0 .3 3 -8 4 4 -8 4 5 -8 4 1 2 -8 4 1 .4 1 .1 1 .0 0 .8 0 .9 1 .1 1*1 1 .2 1*3 5 -8 3 6 -8 3 7 -8 3 8 -8 3 9 -8 3 1 0 -8 3 1 1 -8 3 1 2 -8 3 1 -8 4 2 -8 4 IN IT IA L ♦DATA FOR . 2 9 2 .8 1 1 -8 3 _________ 3 - 9 4 1 -8 4 FOUR: M ONTHS AGO R EVISED TO REFLECT LATE 0 .0 . .^ * 5. -0 * 8 295*6 -1 .2 -1 .6 -0 * 5 -0 .4 0*8 -1 * 0 -1 * 1 -0 * 8 M 6 -8 4 295*2 295*4 294*8 -2 * 4 Or? Lt2_ 0 .2 0 .7 0 .7 2 .3 -0 .8 7 -8 4 8 -8 4 9 -8 4 1 0 -8 4 1 1 -8 4 5 .4 2 9 6 -1 295 .9 HONTH R EPO R TIN G PREPARO) B Y JA N U A R Y 1 0 , 6 FEDERAL 1985 RESERVE BANK OF S T. L O U IS _ INDUSTRIAL RATIO PRODUCTION SCALE RATIO 196 7-100 19 7 7 SEASONALLY 1978 1979 1980 A D JU ST ED 1981 LATEST DATA PlO TTED t ___________________________ C O H P O U W O E O IN D U S TR IA L ANNUAL RATES T E R H I N A L _________________________________________________________________________________________ I N I T I A L NO N T H 6 -8 3 7 -6 3 8 -6 3 9 -8 3 1 0 -8 3 1983 1984 1985 IN D ICATED . DECEMBER PR ELIM IN A R Y PREPARED 5 -6 3 1967-100 1982 PERCENTAGES ARE ANNUAL RATES OF CHANGE FOR PER IO D S SCALE 1 1 -8 3 6 -6 3 17*9 7 -8 3 24*1 3 0 .7 8 -8 3 22*1 2 4 .3 1 8 .2 9 —€ 3 2 0 .6 2 1 .8 1 7 .6 1 7 .0 1 0 -6 3 1 8 .5 1 6 .7 1 4 .9 1 3 .3 9 .8 1 1 -6 3 1 5 .7 1 5 .2 1 1 .6 9 .5 6 .0 2 .3 1 2 -6 3 1 4 .4 1 3 .8 1 0 .7 9 .0 6 .4 4 .7 7 .2 1 -6 4 1 5 .0 14*6 1 2 .1 1 0 .9 9 .5 9 .3 1 3 .0 1 2 -8 3 1 -8 4 BY FEDERAL R ESER VE BANK OF ST. LO U IS PR O D UCTIO N O F C H A N G E ________________ ______________________________ H O N T H __________________________________________________________________________________________ 1 9 6 7 2 -6 4 3 -6 4 4 -8 4 5 -8 4 6 -8 4 7 -6 4 8 -6 4 9 -6 4 1 0 -6 4 « 100 1 1 -6 4 1 4 6 .4 1 4 9 .7 1 5 1.6 1 5 3 .8 1 5 5.0 1 5 5 .3 1 5 6.2 1 9 .2 1 5 8 .5 2 -6 * 1 4 .7 1 4 .3 1 2 .1 1 1 .1 9 .9 1 0 .0 1 2 .7 1 5 .5 1 2 .0 3 -6 4 1 3 .6 1 3 .3 1 1 .3 1 0 .4 9 .3 9 .2 1 1 .0 1 2 .3 9 .0 4 -6 4 1 3 .4 1 3 .0 1 1 .2 1 0 .3 9 .4 9 .4 1 0 .6 1 1 .8 9 .4 8 .1 1 0 .1 5 -6 4 1 2 .7 1 2 .3 1 0 .6 9 .6 6 .9 8 .6 9 .9 1 0 .4 6 .4 7 .2 7 .7 5 .3 6 -6 4 1 2 .7 12*3 10*8 1 0 .0 9 .3 9 .2 1 0 .3 1 0 .6 9 .2 6 .5 9 .3 6 .6 12*5 7 -6 4 1 2 .6 1 2 .2 1 0 .8 1 0 .2 9 .5 9 .5 1 0 .4 1 0 .9 9 .6 9 .1 9 .8 9 .7 12*0 1 1 .5 8 -6 4 1 1 .6 1 1 .4 1 0 .0 9 .4 8 .7 8 .6 9 .3 9 .6 6 .2 7 .6 7 .9 7 .4 6 .1 6*0 6 .2 5 .4 5 .3 4 .3 4 .1 1 .5 -3 .2 -7 .0 2 .5 0 .2 -3 .3 -5 .3 -3 .6 16 0 .0 6 .2 1 6 0.8 1 6 2.1 1 6 2 .6 16 4 .4 1 6 5 .9 0 .7 1 6 6 .0 9 -6 4 1 0 .5 1 0 .0 6 .7 6 .0 7 .3 7 .1 7 .5 7 .6 1 0 -6 4 9 .6 9 .1 7 .6 7 .1 6 .4 6 .1 6 .5 6*4 5 .1 4 .2 4 .0 3 .0 1 1 -6 4 9 .4 6 .9 7 .7 7 .0 6 .3 6 .1 6 .4 6 .3 5 .1 4 .4 4 .1 3 .3 3 .0 1*2 -1 .3 -1 .9 0 .7 5 .2 1 2 -6 4 9 .3 6 .6 7 .7 7 .0 6 .4 6 .2 6 .5 6 .4 5 .3 4 .7 4 .5 3 .6 3 .6 2*2 0 .4 0 .4 2 .9 6 .4 7 .5 5 -6 3 6 -6 3 7—6 3 6— 6 3 9 -6 3 1 0 -6 3 IT-6 3 2 -* 4 3 -6 4 5 -6 4 6 -6 4 7 -6 4 9 -6 4 ro -d 4 1 1 -6 4 — 1 2 -6 3 ------------— T -S 4 — 1 6 5 .0 164*5 1 6 5 .2 P 1 6 6 . 2P I N I T r a H W T U P R E L I M I N A R Y --------------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------ F R EF *R Eir*T FEDERAL RESERVE BANK OP ST. LOUIS JA N U A R Y 7 15» 1969 PERSONAL RAT 1 0 SCALE TR I L L I O N S INCOME MONTHLY TOTALS AT ANNUAL RATES OF DOLLARS SE AS ONAL L Y ADJ USTED RATIO T R ILLIO N S OF SCALE DOLLARS . 3 3. 3. 3. 3. 3. 3.5 4 3 2 1 0 2. 2. 2. 8 2. 6 2. 5 9 7 2. 4 2. 3 2. 2.2 2. 2. 1 2. 2.0 . 1. I . 1. 1 . 9 . 7 . 6 I . . 5 I . . 4 1 . . 3 1 . . 2 1977 1978 1979 1980 1981 1982 1983 SOURCEt PERCENTAGES ARE ANNUAL RATES OF CHANGE FOR PER IO D S LATEST DATA PLOTTEO. U .S . 1984 1985 DEPARTMENT OF COMMERCE IN D ICATED . DECEMBER PR ELIM IN A RY PREPARED BY FEDERAL RESERVE BANK OF ST. COHPOUNDED PERSONAL INCOM E ANNUAL R ATES O f T E R M I N A L _________________________________________________________________________________________I N I T I A L MONTH 5 -8 3 6—83 7 -6 3 8 -8 3 9 -8 3 1 0 -8 3 1 1 -8 3 1 2 -8 3 1 -8 4 2—84 LO U IS C H A N G E _______________________________________________________________________________________ B I L L I O N S OF M O N T H _____________________________________________________________________ ___________________D O L L A R S ANNUAL R A TES 5 -8 4 6 -6 4 7 -8 4 8 -8 4 9 -0 4 1 0 -8 4 11—04 3 -8 4 4 -8 4 8 .5 2 ,7 3 4 .4 7 -8 3 6 .6 2 ,7 4 4 .9 8 -8 3 6 .7 5 .7 6 .8 9 -8 3 7 .8 7 .6 9 .1 1 1 .5 1 0 -8 3 9 .0 9 .1 1 0 .6 1 2 .6 1 1 -8 3 8 .9 9 .0 1 0 .1 1 1 .2 1 1 .1 8 .5 1 2 -8 3 9 .3 9 .4 1 0 .4 1 1 .3 1 1 .3 1 0 .1 11.7 1 0 .2 1 0 .4 1 1 .4 1 2 .4 1 2 .6 1 2 .2 1 4 .1 6 —83 1—8 4 4 .7 2 ,7 5 9 .9 2 ,7 8 5 .0 2 ,8 1 4 .9 1 3 .7 2 ,8 3 4 .2 2 ,0 6 0 .4 2 ,8 9 7 .4 1 6 .7 2 ,9 2 3 .5 2 -8 4 1 0 .3 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 .0 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 —84 1 0 .2 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 5 -8 4 9 .7 9 .8 1 0 .3 1 0 .7 1 0 .6 1 0 .2 1 0 .5 1 0 .2 8 .7 7 .8 8 .1 * .2 6 -8 4 9 .8 1 0 .0 1 0 .4 1 0 .8 1 0 .7 1 0 .4 1 0 .6 1 0 .5 9 .3 8 .8 9 .3 7 .9 1 1 .7 7 —8 4 9 .8 9 .9 1 0 .3 1 0 .6 1 0 .5 1 0 .2 1 0 .4 1 0 .2 9 .2 8 .8 9 .2 8 .2 1 0 .3 2 ,9 4 0 .6 2 ,9 6 0 .5 2 ,9 7 0 .0 3 ,0 0 6 .5 0.8 3 ,0 2 7 .7 8 -8 4 9 .6 9 .7 1 0 .1 1 0 .4 1 0 .3 9 .9 1 0 .1 9 .9 8 .9 8 .5 8 .8 8 .0 9 .3 8 .1 7 .4 9 -8 4 9 .6 9 .7 1 0 .0 1 0 .3 1 0 .2 9 .9 10. 0 9 .8 9 .0 8 .6 8 .9 8 .3 9 .3 8 .5 8 .3 9 .2 1 0 -8 4 9 .3 9 .4 9 .7 9 .9 9 .8 9 .5 9 .6 9 .4 8 .6 8 .2 8 .4 7 .0 8 .5 7 .7 7 .3 7 .3 5 .4 9 .2 8 .3 7 .0 8 .4 T .8 7 .5 7 .5 6 .7 7 .9 8 .1 7 .6 0 .1 7 .6 7 .3 7 .3 6 .6 7 .3 6 .6 > -8 4 4 -0 4 5 -0 * 6 -0 4 7 -8 4 8 -8 4 9 -0 4 1 0 -0 4 1 1 -0 4 1 1 -8 4 9 .3 9 .3 9 .6 9 .8 9 .7 9 .4 9 .4 8 .5 8 .2 1 2 -8 4 9 .1 9 .1 9 .4 9 .6 9 .5 9 .2 9 .2 9 .0 8 .3 8 .0 5 -8 Ï 6 -fr3 7 -S 3 8 -3 3 9 -* 3 1 0 -0 3 1 1 -8 3 1 2 -0 3 1 -8 4 2 -W IN IT IA L P- 3 ,0 4 5 .8 3 ,0 6 0 .3 3 ,0 8 1 .8 3 ,1 0 1 .5 3 , 1 1 8 . OP MONTH P re lim in a ry TOE^AREDBY FEDERAL RESERVE BaMK OF ST. LÖUU JA N U A R Y 8 18, 1985 RETAIL RATIO SALES SCALE 1977 RATIO 1978 1979 1980 1981 1982 1983 SOURCE. PERCENTAGES ARE ANNUAL RATES OF CHANGE FOR PER IO D S LATEST DATA PLOTTED: U .S . SCALE 1984 1985 DEPARTMENT OF COMMERCE IN D ICATED . NOVEMBER, DECEMBER ADVANCE ESTIM ATE PREPARED BV FEDERAL RESERVE BANK OF ST. COHK ) UNOED T E R M IN A L M ONTH IN IT IA L 5 -8 3 6 -8 3 R E TA IL ANNUAL 6 -8 3 7 -8 3 8 -8 3 9 —6 3 1 0 -8 3 1 1 -8 3 1 2 -8 3 1 -8 4 2 -8 4 SALES RATES OF LO U IS CHANGE MONTH 3 -8 4 M I L L I O N S OF DOLLARS 4 -8 4 5 -8 4 6 -8 4 7 -8 4 8 -8 4 9 -8 4 1 0 -8 4 l i —84 18*7 9 8 ,6 3 8 7 -8 3 1 0 *2 2 .4 8 -8 3 4*3 -2 .2 -6 * 5 9 -8 3 7 .3 3 .7 4 .4 16*5 1 0 -8 3 9 .3 7 .1 8 .7 1 7 .3 18 *1 1 1 -8 3 9 .8 8 .1 9 .6 1 5 .6 1 5 .1 9 8 .8 3 2 9 8 ,2 7 7 9 9 .5 3 7 1 0 0.9 2 3 1 2 .2 1 0 1 ,8 9 6 1 2 -8 3 9 »3 7 .9 9 .0 1 3 ,2 1 2 .2 9 .4 6 .6 1 -8 4 1 4 .8 1 4 .2 1 6 .3 2 1 .5 2 2 .8 2 4 .5 3 1 .1 6 1 .3 2 -8 4 11.5 1 0 .6 1 1 .8 1 5 .2 1 4 .9 1 4 .2 1 4 .8 1 9 .2 -1 1 .9 3 -8 4 8 .2 7 .1 7 .7 1 0 .0 8 .9 7 .2 5 .9 5 .7 -1 4 .4 -1 6 .8 4 -8 4 1 1 .6 1 0 ,9 li .9 1 4 .4 1 4 .1 1 3 .5 1 3 .7 15*6 3 .4 1 2 .1 1 0 2 .4 3 8 1 0 6,6 0 2 1 0 5 ,4 8 2 10 3,8 7 3 1 0 7,5 0 5 5 1 .0 5 -8 4 U . 3 1 0 .7 1 1 .5 1 3 .7 1 3 .4 1 2 .7 1 2 .8 1 4 .1 4 .7 1 0 .9 2 8 .0 8 .5 6 -8 4 1 1 .4 1 0 .8 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 1 2 .7 7 -8 4 8 .9 8 .2 8 .7 1 0 .2 9 .6 8 .7 8 .3 8 .5 1 .6 4 .5 1 0 .7 -0 .2 -4 .3 8 -8 4 7 .6 6 .9 2 .1 6 .4 -2 .5 -5 .9 -1 4 .0 -8 .9 7 .2 8 .5 7 .8 6 .8 6 .2 6 .2 0 .0 1 0 8 ,2 3 7 1 0 9,3 2 2 1 0 7 ,4 4 2 -1 8 .8 1 0 6 ,6 0 6 9 -8 4 8 .4 7 .7 8 .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 1 0 -8 4 8 .2 7 .6 7 .9 9 .1 8 .5 7 .7 7 .3 7 .4 2 .7 4 .7 8 .2 2 .3 l . l -1 .6 4 .9 1 2 .6 5 .6 1 1 -8 4 9 .2 8 .6 9 .0 1 0 .1 9 .7 9 .1 8 .8 9 .0 4 .9 6 .9 1 0 .3 5 .5 5 .0 3 .5 1 0 .0 1 7 .1 1 5 .7 2 6 .7 1 2 -8 4 8 .6 8 .1 8 .4 9 .4 9 .0 8 .3 8 .1 8 .2 4 .3 6 .1 9 .0 4 .7 4 .1 2 .8 7 .7 1 2 .3 9 .9 1 2 .1 -0 .9 5 -8 3 6 -8 S 7 -8 3 8 -8 } 9 -6 3 1 0 -8 5 T t - ô i T 2 - 8 3 1 -8 4 2 -0 4 Ì-8 4 4 -8 4 5 -8 4 6 -8 4 T - 84 8 -8 4 9 -8 4 1 0 -8 4 1 1 -8 4 I N I t t AL 1 0 8,2 4 0 1 0 8,7 3 3 11 0,9 0 0P 1 1 0 ,8 1 5 E M ON tH P - P R E L IM IN A R Y 6 - E S T IM A T E D 9 R E t T T y’ P ft A L JANUARY 15» 1985 S vf Bank <5? s T . lou I T H O U R L Y ^ * P E N S A T I ON t B U S IN E S S S E C T O R COM POUNDED AN N U AL R A TE S O F CHANGE IN IT IA L TE R M IN A L QUARTER 1 -8 0 2 -8 0 1 1 .9 3 -6 0 1 0 .6 2 -8 0 3 -8 0 4 -8 0 1 -81 2 -8 1 3 -8 1 4 -8 1 1 -8 2 1977*100 QUARTER 2 -8 2 3 -8 2 4 -8 2 1 -8 3 2 -8 3 3 -8 3 4 -8 3 1 -8 4 2 -8 4 3 -8 4 1 2 9 .8 1 3 2 .7 9 .2 1 3 5 .7 4 -8 0 1 0 .2 9 .3 9 .4 1 -8 1 1 0 .3 9 .8 1 0 .0 1 0 .7 2 -8 1 9 .7 9 .2 9 .1 9 .0 7 .4 3 -8 1 9 .8 9 .3 9 .3 9 .3 8 .7 4 -8 1 9 .4 8 .9 8 .9 8 .8 8 .1 8 .5 7 .1 1 -8 2 9 .5 9 .2 9 .2 9 .2 8 .8 9 .2 8 .9 1 0 .7 2 -8 2 9 .2 8 .9 8 .8 8 .8 8 .4 8 .6 8 .2 8 .7 13 9 .2 1 4 1 .7 1 4 5 .1 9 .9 1 4 7 .6 1 5 1 .4 1 5 3 .9 6 .8 1 5 6 .7 3 -8 2 9 .0 8 .7 8 .7 8 .6 8 .2 8 .4 8 .0 8 .3 7 .1 7 .5 4 -8 2 8 .6 8 .3 8 .2 8 .0 7 .7 7 .7 7 .3 7 .3 6 .2 5 .9 4 .4 1 -8 3 8 .3 8 .0 7 .8 7 .7 7 .3 7 .3 6 .8 6 .8 5 .8 5 .5 4 .5 4 .6 2 -8 3 7 .8 7 .4 7 .3 7 .1 6 .7 6 .6 6 .1 6 .0 5 .0 4 .6 3 .7 3 .3 2 .0 3 -8 3 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 -8 3 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 1 5 8 .4 1 6 0 .2 1 6 1 .0 1 6 1 .8 1 6 4 .2 6 .1 1 6 6 .7 1 -8 4 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 4 .7 6 .1 6 .2 2 -8 4 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 1 .9 3 -8 4 6 .7 6 .5 ¿.T 6 .1 5.è 5 .6 5.i 5 .1 4 .6 4 .5 3 .4 3 .9 5 .8 4. 1 4 .6 4 .2 5. 1 4 .4 4 -8 4 6 .6 6 .3 6 .1 6 .0 5 .6 * .5 5 .2 5 .0 4 .* 4 .3 4 .0 3 .9 3 .8 4 .1 4 .5 4 .1 3 .5 4 .2 4 .1 1 -8 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 4 -8 3 1 -8 4 2 -8 4 3 -8 4 IN IT IA L P - 1 6 7 .5 1 6 4 .5 QUARTER PR ELIM IN AR Y (H TTP U T PER HOUR OF A L L P ER S O N S • B U S IN E S S COMPOUNDED ANNUAL R A TE S O F CHANGE IN IT IA L TE R M IN A L QUARTER 1 -8 0 2 -8 0 3 -8 0 4 -8 0 1 -8 1 2 -8 1 -2 .8 3 -8 0 -0 .6 1 .6 4 -8 0 -0 .1 1 .2 1 -8 2 1977*100 QUARTER 2 -8 2 3 -8 2 4 -8 2 1 -8 3 2 -8 3 3 -8 3 4 -8 3 1 -8 4 2 -8 4 3 -8 4 9 8 .8 9 9 .0 1 0 0 .5 1 -8 1 1 .4 2 .9 3 .5 6 .2 1 .2 2 .2 2 .4 3 .3 0 .4 3 -8 1 1 .6 2 .5 2 .7 3 .4 2 .0 3 .6 -0 .3 -0 .6 0 .7 4 -8 1 0 .8 2 -8 1 4 -8 1 3 -8 1 SECTOR 9 8 .4 2 -8 0 1 .3 1 .2 1 .3 1 0 0 .6 1 0 1 .5 -4 .6 1 0 0 .3 1 0 0 .9 2 .4 1 -8 2 0 .9 1 .4 1 .4 1 .5 0 .4 0 .4 -1 .2 2 -8 2 0 .5 1 .0 0 .9 0 .9 -0 .2 -0 .3 -1 .6 0 .0 -2 .4 3 -8 2 0 .7 1.1 1 .1 1 .1 0 .3 0 .2 -0 .6 0 .8 0 .0 1 0 0 .3 2 .4 1 0 0 .9 1 0 1 .6 2 .8 4 -8 2 0 .9 1 .3 1 .2 1 .3 0 .6 0 .7 0 .1 1 .3 0 .9 2 .6 1 -8 3 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 -8 3 1 .4 1 .7 1 .7 1 .8 1 .4 1 .5 1 .2 2 .2 2 .1 3 .3 3 .6 4 .0 5 .6 3 -8 3 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 2 .7 4 -8 3 1 .5 1 .8 1 .8 1 .9 1 .5 1 .6 1 .4 2 .2 2 .1 2 .9 3 .0 3 .1 3 .3 2 .1 1 .5 1 -8 4 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 .7 3 .9 2 .6 2 .6 3 .3 3 .4 3 .5 3 .7 3 .3 3 .5 4 .4 5 .0 5 .2 2 .4 O .f 2 .8 1 .7 2 .6 1 -8 4 2 -8 4 3 -8 4 10 2 .2 1 0 3 .6 1 0 4 .3 2 -8 4 1 .8 2 .1 2 .1 2 .2 1 .9 2 .1 1 .9 3 -8 4 1 .8 2 .0 — 2 .1 2 .1 1 .9 273" 1 .8 2 .4 2 .5 5 .Ó 3 .1 3 .1 3 .2 ¿ .8 ¿ .8 4 -8 4 1 .8 2 .1 2 .1 2 .2 1 .9 2 .0 1 .9 2 .5 2 .5 ^ 3 .0 3 .0 3 .1 3 .1 2 .7 2 .8 1 -8 0 2 -8 0 3 -8 0 4 -8 0 1 -81 2 -8 1 3 -8 1 4 -8 1 3 -8 2 4 -8 2 1 -8 3 2 -8 3 3 -8 3 1 -82 2 -8 2 IN IT IA L P - itl.O P 1 0 4 .7 4 -8 3 1 0 5 .7 1 0 7 .0 1 0 7 .2 1 0 7 . 9P QUARTER P R E LIM IN AR Y PREPARED B Y JA N U A R Y 2 9 . 10 FED ERAL 1985 RESERVE BANK OF S T. L O U IS PRODUCTIVITY, RATI O C O M P E N S A T IO N , AND LABO R SCALE CO STS RATIO 1977-100 SEASONALLY ADJUSTED 1977 1978 1979 1980 1981 1982 1983 SOWCE: P ER CENT ACCS ABE LATEST PLOTTED« DATA ANNUAL RATES 4TH Of CHANCE OWARTER F OH P E R I O O S SCALE 1977-100 1984 i.S . 1985 DEPARTMENT OF LAIOR ST. LOU IS I MO I C A T E 6 . P R E L I M IM A*Y PREPARED BY F E D E R A L RESERVE BA KU OF _________________ U N IT LABOR C O STS, BUSINESS SECTOR__________________________ COMPOUNDED ANNUAL RATES OF CHANGE TERMINAL IN IT IA L QUARTER 1977*100 QUARTER_______________________________________________________________________________________________________________________________________________________ 1-80 2-80 3-80 4-80 3-81 4-81 1-81 2-81 1-82 2-82 3-82 4-82 1-83 2-83 3-83 4-83 1-84 2-84 3-84 2-80 14.9 3-80 11.5 8.1 131.8 4-80 10.4 8.2 8 .3 1-81 8 .8 6.8 6 .2 4 .1 2-ei 8 .5 6 .9 6 .5 5 .6 134*4 137.1 138 .5 7 .1 140.9 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 10.2 8.1 2-82 8 .6 7 .9 7 .8 7 .8 8 .5 8 .9 9 .9 8 .7 9 .4 142.9 147 .1 150.0 153.4 3-82 8 .3 7 .6 7 .5 7 .4 7 .9 8.1 8 .7 7 .5 7 .2 5 .0 4-82 7 .6 6 .9 6 .8 6 .6 7 .0 7 .0 7 .2 6 .0 5 .3 3.3 1.6 1-83 7 .2 6.5 6 .4 6 .1 6 .4 6 .3 6 .4 5 .2 4 .5 3 .0 1.9 2-83 6 .3 5.6 5 .4 5.1 5 .3 5 .0 4 .9 3 .7 2 .9 1.3 0.1 -0.6 -3.5 3-83 5 .8 5.1 4 .9 4 .6 4 .6 4 .4 4 .2 3.1 2 .3 0 .9 -0.1 -0 .7 -2.2 -0.8 4-63 5 .7 5.1 4 .9 4 .6 4 .6 4 .4 4 .2 3 .2 2 .6 1.5 0 .8 0 .6 0 .0 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 .0 4 .4 4 .1 3.9 3 .8 3 .6 3 .4 2 .5 1 .9 1.0 0 .4 0 .3 -0 .2 0 .7 1.2 -0 .4 - 3 .0 4 .9 4 .4 4 .1 i.9 3 .8 * .6 3 .4 ¿ .6 ¿.r~ i'.T 0 .9 0 .8 0 .5 1.3 1 .9 1 .0 0 .4 3 .9 4 .t 4.2 4 .0 3 .7 3»t 3 .4 3.2 2 .* 2 .0 1.3 0 .9 0 .8 0 .6 1.3 1 .7 1.1 0 .7 2 .6 1.3 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—#4 2-84 3-64 4-84 155.3 155.9 2 .3 156.8 155.4 155.1 156.8 157.7 156.5 iié .ô 158.5P I N I T I A L QUARTER P - P R E L IM IN A R Y PREPARE) BY FEDERAL RESERVE BANK OF ST* LOUIS JANUARY 2 9 , 1485 11 mO%% NATIONAL PWOUCT IN C li M N T OOLLARS IAT11 OF CHAM«______ IN IT IA L QUMTtt T t t H B iA L Q U A R T« _ lr 6 0 2-60 3-60 4-BO 1-61 2-81 J-KL. 0*9 3-60 3*2 9*7 4-BO 8*5 12*6 15.5 l- ll 11*6 15*4 1 8.7 22.1 2- a i 10.6 13*2 14*3 13*7 6*0 3-61 11.0 13*1 14.0 13 .5 9 .5 13 . i 4—€ 1 9*8 1 1 .3 11.6 10 .7 7 .1 7 .7 3-61 4-61— I=ft2___2-62 »-«2 4-62 1-63 2 - 1 ___M l . — 1-64 2 - t4 3-64 BILLIONS OF DOLLARS ANNUAL RATES 2«aia.i 2*¿39~1 2 .7 3 6*0 ? tm .i ?»91A~0 3.009*3 2 .5 1*02T~9 1-62 _ 6 .4 9 .6 9 .5 6 .4 5 .2 5 .0 1.1 -0 .3 2-62 8 .0 9 .0 8 .8 T .B 5 .1 4 .9 2 .3 2 .2 4 .7 3.0 2 6*0 3-62 7*5 8*2 8 .0 7*0 4*7 4 .4 2*4 2 .3 3 .6 2.5 4-62 7*1 7*8 7 .6 6*6 4 .6 4 .3 2 .7 2 .7 3.7 3.2 3.061*2 3.060*1 3 .9 3 .1 0 9 .6 1-63 7*2 7 .6 7 .7 6 .B 5 .1 4 .9 3 .6 3 .6 4 .9 4 .9 6 .2 8 .5 2-63 7*6 8*2 6*1 7 .4 5*8 5 .6 4 .8 5 .2 6.3 6 .7 8 .2 10.4 12.3 3-63 7*8 6*3 8 .2 7 .6 6 .3 6 .3 5 .5 5 .9 6.9 7 .4 B .7 10.3 11.2 10.1 4-63 6*0 8*5 6 .4 7 .6 6 .6 6 .7 6 .0 6 .5 7.5 7 .9 9 .0 1 0 .4 11.0 10 .3 10.6 1-64 8*4 8*9 8*9 8*4 7 .3 7*4 6 .9 7 .4 8 .4 6 .9 10.0 11.3 12.0 11.9 12.7 14.9 2—64 6*5 9*0 9 .0 6 .5 7 .6 7 .7 7 .2 7 .7 6.6 9 .1 10.1 11.2 11.7 11.6 12.0 12.8 1 0 .7 3-64 B *4 8*6 6*6 8 .3 7*4 7 .5 7 .1 7 .5 8.3 8 .7 9 .5 10.4 10.7 10.3 10.4 10.3 6 .1 5 .6 4-84 8 .3 8 .7 8 .6 6 .2 7 .4 7 .5 7 .0 • 6.5 1*2 9 .9 10.0 9 .7 9 .6 9 .3 7 .5 6 .0 6 .4 1-60 2-60 3-60 4-60 1-61 2-61 3-61 2-62 3-62 4-62 1-63 2-63 3-63 4-63 1-64 2-64 3-64 J.4 4-61 1-62 3.173*6 3 .2 6 7 .0 3 .3 4 6 .6 3 .4 3 1 .7 3 .5 5 3 .3 3 .6 4 4 .7 3 *6 94 .6 3 .7 5 2 .5 P IN IT IA L QUARTER P - PRELIM INARY CROSS NATIONAL PRODUCT IN 1972 DOLLARS TERMINAL QUARTER B IL L IO N S OF DOLL A* S. ANNUAL RATES IN IT IA L QUARTER 1-60 2-60 3-60 4-60 1-61 2-CLL 2—60 - 9 .0 3-60 -4*3 0*8 4-60 - 1 .6 2 .3 3 .8 1-61 1*1 4*8 6*8 10.0 2-61 0 .6 3 .4 4 .3 4 .6 - 0 .5 3-61 1 .1 3 .3 4 .0 4 .0 1.1 2*6 4-61 0*2 1*8 2*0 1*6 - 1 .1 -1*4 t- 6 1 4 - fll 1-82 2rfi2 3-62 _ 4-fl2_ 1^63 Z rB 3 . 3-63 4-63 1-64 2-64 3-64 1.4 6 1*4 1.464*2 1 .4 7 7 .9 1.513*5 1,511*7 1.522*1 -5*4 1.501*3 1-62 -0 .4 0 .9 0 .9 0 .3 - 2 .0 - 2 .5 -5*0 - 4 .7 2-62 -0.5 0 .7 0 .6 0 .1 - 1 .7 -2 .1 -3*6 -2.8 -0.8 1*463.5 3-62 -0 .5 0 .5 0 .4 0 .0 - 1 .6 -1 .8 - 3 .0 -2.1 -0.9 -0 .9 1.460*5 1 .4 7 7 .1 4-82 -0 .4 0 .5 0 .4 0 .0 - 1 .3 -1 .5 - 2 .3 - 1 .5 -0.4 M)*2 0 .5 1-63 -0*1 0*7 0 .7 0 .4 - 0 .7 -0 .8 -1 .4 -0 .5 0.5 O .f 1.9 3 .3 2-63 0 .6 1 .4 1 .5 1.3 0 .3 0 .4 0 .1 1.0 2.2 3 .0 4 .3 _ 6 .3 1 .4 7 6 .6 1 .4 9 1 .0 9 .4 1 .5 2 4.fi 3-63 1 .0 1 .8 1.9 1.8 1.0 1.1 0 .9 1.6 3.0 3 .7 4 .9 6 .5 6 .1 6.8 4-63 1 .3 2 .1 2*2 2 .1 1*4 1.6 1 .5 2 .4 3.4 4 .1 5 .1 4 .3 7 .4 6 .4 5 .9 1*550.2 1-64 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 6 .0 10.1 2-64 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 3-64 2 .1 2 .8 3 .0 2 .9 2 .4 2 .6 2 .6 3 .4 4.2 M 5 .5 6 .1 6 .6 6 .3 6 .1 6 .2 4 .3 1 .6 4-64 2 .2 2 .9 3 .0 3 .0 2 .5 2 .7 2 .7 3*4 4.2 4 .7 5 .4 6*0 6 .4 5 .9 5 .1 5 .6 4 .2 2 .7 3 .9 1-80 2-60 3-80 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 2-84 3-64 1 .5 7 2 .7 1*610.9 1*636.6 1*645.2 1 .6 6 1 .I P IN IT IA L QUARTER P - PRELIMINARY 12 PREPARED BY FEDERAL RESERVE BANK OF ST* LOUIS JANUARY 22» 1965 G R O S S N A T I O N A L P R O D U C T RATIO SCALE QUARTERLY TOTALS AT ANNUAL RATES RATIO SCALE TRILLIONS OF DOLLARS SEASONALLY ADJUSTED TRILLIONS OF DOLLARS 4 0 3 9 3 8 3 7 3 6 3 5 3 4 3 3 3 2 1 3 0 2 9 2 8 2 7 2 6 2 2.5 3 2 I 2 . 2 2 2 . 0 1. 2 9 1 .8 2 I. 7 1. 6 I .5 I .4 1. 3 1 .2 1 1977 1978 1979 1980 1981 1982 1983 1984 1985 SOURCE: U. S. DEPARTMENT OF COMMERCE PERCENTAGES ARE ANNUAL RATES OF CHANGE FOR PERIODS INDICATED. LATEST DATA PLOTTEDt 4TH OUARTER PRELIMINARY PREPARED 13 BY FEDERAL RESERVE BANK OF „ ST. LOUIS . I GENERAL RATIO PRICE INDEX* SCALE RATIO 1 97 2-100 197 2-100 1977 *AS USED 1978 1979 IN NATIONAL 1980 1981 1982 INCOME ACCOUNTS DATA PLOTTED. 1983 SOURCE. PERCENTAGES ARE ANNUAL RATES OF CHANGE FOR PER IO D S LATEST SCALE 1984 U .S . 1985 DEPARTMENT OF COMMERCE INDICATED. 4TH QUApTER PR ELIM IN A RY PREPARED BY FEDERAL RESERVE BANK OF ST. LO U IS I M P L I C I T PR ICE D E F L A T O R F O R C R O S S N A T I O N A L P R O D U C T ___________ CiM PQUHDCP AM MUAt R A IE S Q F C M A N G E _____________ T E R M I N A L ______________________________________________________________________________________ I N l T L A l A H S f t l E B ________________________________________________________________________________________ 19.72,? 1QQ_____ QUARTER ____________ 1-80 2-80 2-6 0 3—60 4-80 1 -8 1____________________________ l r £ 2 ___ 2-02 3-02 *- 0 2 ___ ________ 2=ft3____ j f c A i 1 -04 2 r0 4 S r f l* __________ ____________________ 176.46 10.9 100.24 3-80 9 .9 0 .8 4-00 10 »4 10.1 11.3 1-81 10.5 1 0 .4 11.1 2-81 9 .7 9 .4 9 .6 0 .7 6 .5 3-81 9 .8 9 .5 9 .7 9 .2 0 .3 10.0 4-81 9 .5 9 .3 9 .4 8 .9 0 .3 9 .2 0 .3 1-02 0 .9 0 .6 0 .6 8 .1 7 .4 7 .6 6 .5 105.13 1 1 .0 193*03 _ 1 *7 .70 201.69 4 .6 . 2-02 0 .5 0 .2 7 .6 7 .0 7.1 6 .2 5 .1 5 .6 3-82 0 .0 7 .7 7 .6 7 .0 6 .4 6 .4 5 .5 4 .5 4 .5 9 #4 4-02 7*6 7 .3 7 .1 6 .6 6*0 5 .9 5 .1 4 ,3 4 .1 3 .4 3 .4 2Q3r93 206*77 208.53 210.27 1-03 7 .4 7 .1 6 .9 6 .4 5 .0 5 .7 5 .1 4 .4 4*4 4 ,0 4 .2 5 .0 2-03 7 .0 6 ,7 6 .5 6 .0 5 .5 5 .4 4 .7 4 .1 4 .0 3 .6 3 .7 3.0 2*6 212.07 3-03 6 .7 6 .4 6 .2 5 .7 5 .2 5.1 4 .5 4 .0 3*^ 3 .5 3 .5 3 ,6 2 .9 214.25 3.1 2 1 5 .0 ? 218.21 4-03 6 .6 6 .3 6 .1 5 .6 5 .2 5.0 4 .5 4 .0 3 .9 3 .7 3 .7 3.0 3 .4 3 .7 4 .4 1-04 6 .4 6 .1 5 .9 5 .5 5 .1 5.0 4 t? 4 .1 4 .0 3.8 3 .0 3*9 3 .6 4 .0 4 .4 4 .4 2-04 6 .2 6 .0 5 .0 5 .4 5 .0 4#$ 4 .4 4 .0 3 .9 3 .7 3 .7 3 f" 3 .6 3 .0 4 .0 3 .9 3 .3 3-04 6 .1 5 .0 5 .7 5 .3 4 .9 4 .0 4 .3 4 .0 3 .9 3 .7 3 .0 3*6 3 .6 3 .0 4 .0 3 .9 3 .7 4 .0 4-04 5 ,9 5 .6 5 .5 5 ,1 4 .7 4 .6 4 .2 3 .9 3 .0 3 .5 3 .6 3 .7 3 .5 3 ,2 3 ,2 1-00 2-00 3-60 4-00 1-01 2-01 3-01 4-01 1-02 1-03 2-03 3-03 4-03 1-04 2-04 3 .6 2-02 3-02 4-02 220.50 224.57 2 .4 ____ 225*?0P_ 3-04 P R E L IM IN A R Y PREPARED OY FEDERAL R E S « VE BANK JANUARY 2 2 , 1965 14 - 222.40 IN IT IA L QUARTER P - ____ OF S T . LOUIS _ . PERSONAL CONSUMPTION EXPB O l TUR ES IM CURRENT DOLLARS ____________COMPOUNDED ANNUAL RATES OF CMAMCE_____________ TERMINAL, QUARTW BILLIONS Of __ DOLLARS---------ANNUAL RATES _ lM H A L -Â Îâ U B - _______ I—80 2-60 3-60 4-80 1-61 2-61 3-91_fcftl__1-62 2-82 >-62_*-62_1=43_2=63— 2=fl3^_4=ft2— 1-64 2rfl4— 2—60___ LmI ______________________________ —_____ ___ __________ _____________________________________ — -S-gfl- 7.9 1 .6 2 6 .4 __ 1 ^ 6 6 3 .4 - 14.6 1,741.-*- 4-60 10.1__ 14t7 14.*» 1 -6 1 1 0 . 9 ____1 4 . 3 ____1 4 * 1 2-81 10.2___12*5__ 1 J. .J ___10*3____7 .2 1 ,6 2 9 .. 3__ lt6 I2 * 3 - 1 ,7 9 7 .9 1 ? .? 1 0 .3 1 2 .2 11,3 10 »? 4—81 9 .2 10.6 9 .8 8 .6 7 .0 6 .9 3 .1 1-82 9 .2 10.3 9 .6 6 .6 7 .4 7 .5 5 .6 6 .* 2-62 6 .6 9 .6 9 .1 8 .2 7.2 7 .2 6 .0 7 .4 3 -6 1 ____? t Q ....l<b3L li6 9 i.& _ _â a 9 3 L ^ 119i>0*3_ 6 .3 ___ 2 ,0 0 1 ,3 3-82 8 .8 9 .7 9 .0 8 .3 7 .4 7 .5 6 .6 7 .6 7*4 6*5 4-62 8 .8 9 .6 9 .1 6 .4 7 .7 7 .6 7 .1 8 .2 6 .0 6 .9 9*3 4 .8 1-63 2-83 2 .0 7 0 .4 6 .7 7 .5 7 .2 7 .5 8 .2 7 .8 6 .6 8 .6 ■9 .2 9 .5 9 .6 8 .1 7 .8 6 .5 8 .5 8*9 9 .0 6*9 11.0 7 .6 6 .6 6*6 9*0 9 .0 9 .0 10*4 9 .4 9 ?3 6 .6 6*4 »*9 9 .0 6*9 10.0 6._5_ 8 .9 10.0 ___ 5 .9 9 .2 8 .6 6 .0 7*3 7 .3 9 .0 9 .6 9 .1 6 .6 8.1 6 .9 9 .5 9 .0 8 .5 6 .0 8 .5 2 ,0 4 6 .1 7 .0 14.5 2 ,1 9 1*4 ^ . _2t.23iL»-2_ 4 —63 8 .9 9 .4 9*0 8 .6 8 .2 6*2 6 .0 1-84 8 .9 9 .4 9 .0 8 .6 6 .2 8 .3 6 .0 2-64 6 .9 9 .4 9*1 8 .7 8 .3 8 .4 6 .2 8 .7 8 .6 9.1 9 .2 9 . JL 9 .4 9 .4 10,2 9 .2 8 .8 8 .5 8.1 6*2 7 .9 8 .4 6 .4 6.6 8 .6 8 .5 9 .2 6 .1 8 .3 7 .9 7 .6 5 .0 ?f3 6 \ ._ i_ 8 .4 8 .3 8.8 7 .8 7 .9 7 .6 7 ,2 5± 1 ___6 .5 2 ,3 9 9 .6 F 3-82 4-62 1-63 2-63 3-63 4-83 1-64 4-64 8 .7 8 .6 9 .0 8 .7 8 .3 8 .0 8 .0 7 .8 8 .2 01 *> 3-64 6*4 1-80 2-80 3-60 4-80 1-61 2-61 3-81 4-81 1-62 2-62 ___ 2 »332*7 2-84 3-84 IN IT IA L QUARTER P- PRB_ IN I NARY PERSONAL CONSUMPTION EXPENDITURES IM 1972 DOLLARS ___________ COMPOUNDED ANNUAL RATES Q tC H A N G E___________ B IL L IO N S OF I NI T IA L T E R M IN A L DOLLARS QU A R T E R QUAR T 9 ANNUAL RATE 1 -6 0 2 -6 0 3 -6 0 4— 60 1 -6 1 2 -6 1 3 -6 1 4 -6 L 2 -6 0 = L L 3-80 -1 .9 4 .3 4-60 0 .2 4 .5 4 .6 1-61 1.3 4 .5 4 .5 4 .4 2-61 0 .9 3 .2 2 .8 1 .9 -0 .5 3-61 1 .2 3.1 2 .8 2 .2 1.2 2 .8 4-61 0 .5 2 .0 1.5 0 .7 -0 .5 -0 .5 - 3 .7 1-62 0 .6 2 .1 1.7 1,2 0 .4 0 .6 - 0 .4 2 .9 2-62 1 .0 2 .1 1.6 1.3 0 .7 1.0 0 .4 2*6 2 .2 92 9 .4 ---------- ---------- ------------ 9 4 0 .0 950.2 949.1 955 .7 9 46.6 9 5 3 .7 956*9 3-62 1 .1 2 .1 1*9 1.5 1.0 1*3 0 .9 2 .5 2L*2_ 2.2 4-62 1 .5 2 .4 2 .2 1 .9 1 .6 1.9 1 .7 3 .1 3*2 3 .7 5 *1 1-63 1 .5 2 .4 2 .2 2 .0 1 .7 2 .0 1 .9 3*0 3 .0 3.3 3 .6 964.2 9 7 6 .3 2 .6 962.5 2-63 2 .2 3 .0 2 .9 2 .6 2 .6 3 .0 3 .0 4 .1 4 .4 4 .9 5 .6 6.2 10*0 3-63 2 .3 3 .1 3 .0 2 .9 2 .7 3.1 3 .1 4*1 4 .3 4 .7 5*3 5 .4 6 .9 3 .6 4—63 2 .6 3 .4 3 ,3 3 .2 3 .1 3 .4 3 .5 4 .4 4 .6 5,0 5 ,6 5*7 6 ,6 5,3_ 1-64 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 4*6 2-64 3 .0 3 .7 3 .7 3 .6 3 .5 3 .9 4 .0 4 .6 5*0 5*3 5 .6 5 .9 6 .6 5 .6 6*4 6 .3 3-64 2*9 3 .5 3 ,5 3 .4 3*3 3*6 3 .7 4 .4 4 .5 4*6 5 .1 5,1 5 .6 4*7 5 .0 4 .3 5 .0 5.0 4 .6 4*7 4*2 4 ,1 3-62 4-62 2-63 3-63 4-63 1-64 4-64 2 .9 3 .6 3 .5 3 .4 3 .4 3 .7 3 .7 4 .4 4 ,5 4 .7 1-60 2-60 3-60 4-60 1-61 2-61 3-61 4-61 1-62 2-62 1-63 1 .0 0 6 .2 1 >415.4 1 .0 3 2 .4 6 .6 1>044.1 7.9 _ 1 .0 6 4 .2 0 .6 1 .0 6 5 .9 ____3 .9 2-64 1 .0 7 6 .2 3-64 I N I T I A L QUARTER P - PRELIMINARY PREPARED BY FEDERAL RESERVE BANK OF S T. LOUIS JANUARY 2 2 . 1965 15 CROSS PRIVATE DOMESTIC INVESTMENT IN CURRENT DOLLARS .. TERMINAL QUARTER J- 8 0 IN IT IA L QUARTER 2-80 3-60 4-80 1-61 2 -6 L 3-81 4 - f l - Ir & Z 2-62 M 2 4-82 1—93 .2-93. 3-93 4-83 l- « 4 2-A4 3-A4 9IL L IO N S OF f>0| | ANNUAL RATES ^2-80 _-23*8 _3-fl0 -*19.1 -1 4 .2 4=90 . j^3.2 9 .0 1-81 ______________ 3 T 9 .S________ 39.5 411.7 .5 2 * I 6 7 .1 468.1 IL 1 _ 2 2 .0 37.2 3 6 .6 11.6 0 2 .8 2 2 .0 33.3 3 1 .6 16*9 4 —81 7 .9 1 4 .3 21.0 17.0 3 .9 1^62 _1 .7 5 .9 2-81 401.1 22.2 505.8 0 .2 -17.7 4 81.7 9 .7 _ 4 .7 -6.8 -12.2 -25.6 -32 .9 436.2 2-82 0 .0 4.6_ 7.6__ 3 .1 - 6 .4 -1 0 .4 -19.2 -19.9 -4*5 431.2 3t 62 - 0 .6 2 .4 4 .7 0 .6 - 7 .6 -1 1 .0 -17.8 -17.9 -9.1 -13.5 415.9 4-82 - * .1 - 1 .9 - 0 .4 - 4 .4 -1 1 .7 -15.1 -21.1 -2 1 .9 -17.9 -2 3 .9 -33.1 1 .0 2 .6 - 0 .7 -7 .0 - 9 .4 2 t* 3 2 .0 4 .5 6 .4 3 .6 -1 .9 -3 .3 - 6 .5 3-83 4 .5 7 .0 9 .0 6 .7 2 .0 1.0 -1 .4 1.2 8.3 11.1 4-83 6 .8 9 .4 11.5 9 .5 5 .3 4 .7 3 .0 5 .9 13.0 14.2 ,2-84 9 .8 1 2 .3 14.3 12.8 9 .4 9 .2 3-84 10.6 1 3 .0 15.0 13,5 1 P .4 10,4 9 .4 12.3 1 2 ,9 1 1 .5 8 .5 9 .3 7 .3 3-80 4-80 1-91 2-91 3-91 ? - lr* 3 . -1 .4 -4.5 -7*2 -9 .0 -5.2 34.3 2.5 4 .3 10.9 42.8 51.9 19.3 43.0 47.5 43.3 23.2 43.5 46.8 44.3 45.2 2-80 1-80 405.0 4 49.6 491.9 540.0 23.5 31.0 4 9 .9 54 .0 54.7 60 .9 79.1 20*6 24.4 40.6 41.9 39.5 39.2 34.9 2 .1 19,2 21.1 26.2 38.2 3 8.9 3 6.4 3 4 .7 3 1 .4 12.9 9 .7 14,7 16.9 2 0 .7 3Q.0 2 9 .4 25»? 2 2 ,7 1 7 .7 2 ,? 4-91 1-92 2-92 3-92 4-92 1-93 2-93 3-93 4-93 1-94 _ J^8_4 4-84 376.2 623.8 627.0 2 4 .9 662.8 2 .7 -1 5 .5 2-94 6 3 5 .5P 3-64 I N I T I A L QUARTER P- PRELIM IN A RY CROSS PRIVATE DOMESTIC INVESTMENT IN 1972 DOLLARS __________ COMPOUNDED ANNUAL RATES Of CHANGE_________________________________________________________________ B IL L IO N S OF TERM INAL__________________________________________________________________ IN IT IA L QUAR T ER__________________________________________________ _____________ DOLLARS QUARTER ANNUAL RATES 1-90 2-90 3-90 4-90 1-92 2-92 3—92 4-92 1-84 2-64 3-84 1-91 2-91 3-91 4-91 1-93 2-63 3-83 4-83 2-90 -33.7 202-4 3-90 -22.5 - 9 .5 4—90 - 9 ,4 _ 7 ,7 29.1 1-81 1 .9 1 7 .6 34.0 4 0 .2 2-91 3 .0 15 .0 24.6 2 2 .9 7 .7 3-91 4 .2 14,0 20.9 19.5 9 .9 -0 .2 _ 6 .9 10.5 6 .5 - 2 .9 4-61 197.4 210*0 228.5 232.8 10.2 239.5 223.7 - 7 .7 -22.6 1-62 -4.5 __ 0 .6 2 .5 - 2 .0 -10.4 -15.9 -26.3 -29.9 2-92 -4^9_ - 0 .5 0 .9 -3 .1 3-92 -5 .6 -10.0 -1 3 .9 -20.7 -19 .7 =4*3 -10.2 -13,5 -19.5 -17.1 "It ? 4-92 -9*1 - 5 .1 -4 .5 1-93 -5 .2 - 2 .0 - 1 .2 2-93 - 1 ,6 1 .7 2*7 . 3-93 0 .9 4 ,1 5 .3 4-93 2 .9 6 ,2 1-94 6 .2 2-94 204 .7 -9.1 200.4 -9.9 -11 .6 194.3 - 9 ,0 -13 .4 -1 6 .4 -2 0 .9 -20.5 -17.1 -2 1 .3 -29 .9 - 4 ,1 - 6 .5 -10,6 -13.7 -11.9 177.8 -6.5 -6 .0 -3 . 1 34*0 43*0 191.3 212.6 -3*2 - 4 .4 -6 .4 -3 .3 3.1 6.1 12.9 3 .5 0 .4 - 0 .4 - 1 .7 1.9 9.3 11.9 19.7 41*4 45*3 39.4 7,5 5 .9 3 .2 2 .9 2 .0 5 .6 12.0 15.7 22.1 40*3 42*5 37.7 37*0 9 .6 11.1 9 .9 7 .7 7 .7 7 .5 U *£. 19.1 22*4 29*2 44*1 49*2 49 .2 53*3 7 1 .5 5 .7 9 .9 10.2 9 .0 6 .9 6 .5 10.0 15.6 19.0 24*2 33.5 31*9 29*5 -2*2 3-64 6 .7 9 .7 11.0 10.0 9 .1 9 .1 9 .0 11.3 16.6 19.7 4-64 5 .5 9 .2 9 .4 9 .3 6 .5 6 .4 6 .1 9 .9 13.4 15.9 1-90 2-90 3-90 4-90 1-61 2—91 3-91 4-91 1-92 2-62 6 .9 52.5 230.6 249.5 295.5 36*6 37.1 24*3 34*9 35.0 31.9 30.2 2 9 .0 10.4 19.3 27*5 24*4 2 2 .7 19.9 15.9 1 .7 3-92 4-92 1-63 2-93 3-63 4-93 1-64 293.9 2 5 .0 300.2 3*7 -14*0 2-64 2 9 9 .I P 3-64 I N I T I A L QUARTER P- PRELIM INARY PREPARED BY FEDERAL RESERVE BANK OF ST* LO UIS JANUARY 2 2 , 19«5 16 GOVERNMENT PURCHASES OF GOODS AND SERVIC ES IN CURRENT DOLLARS __________________COMPOUNDED ANNUAL RATES OF C H A N G E _________________ B IL L IO N S OF ___ DOLLARS____ ANNUAL RATES IM IT lA L flU M T E R - T E R M IN A L QUART» 1—80 2—80 3-80 4-00 1-Q1__ 2 -ftJL_JfcA L , 2 = 8 0 _____ 1 4 * 4 ______________________________________________________________________ ___________________________ ______________________________________________________________________________________________________ 5 3 5 ^ _______ ... .3-80 8 .5 2 .7 ___________________________________ __________________ :_________________ _______________________________________ ,___________ ____________________529. 4-80 10.8 9 .0 15.6 1—81 11 *4 10 .4 14.4 13.2 2-ai 10.3 9 .3 11.6 9 .6 M 559.0 576.6 6 .2 565.3 10^5 9 .7 JtL r * 10.2 8 .8 11.4 4 - ftl 11.1 10.6 12.2 11.4 10.8 13.2 15.0 1-82 10.4 9 .8 11.1 10.2 9 .4 10.5 10.1 5 .4 2-82 9 .4 8 .8 9 .7 8 .7 7 .8 8 .3 7 .2 3 .6 l 601*3-_ 622.7 630.9 6 33.7 1.8 3-82 10.0 9 .5 10.3 9 .6 9 .0 9 .6 9 .1 7 .3 8*2 15.0 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 6.8 8 .4 7 .1 7 .6 9.6 7 .0 -1.3 656 .3 678.8 2-83 8 .9 8 .4 8 .9 8 .3 7 .8 8 .0 7 .5 6 .3 4 .5 7*7 5 .3 0 .4 2.0 3-83 8 .6 8.1 8 .6 7 .9 7 .4 7.6 7 .1 6 .0 4 .1 7.0 5.1 1.7 3.3 4 .5 4-83 8 .0 7 .6 8 .0 7 .3 6 .8 6 .9 6 .4 5 .4 5 .4 6*0 4 .3 1.5 2.5 2 .7 682.2 689.8 0 .9 691.4 1-84 8 .0 7 .6 7 .9 7 .4 6 .9 7.0 6 .5 5 .6 5 .7 __ 6.2 4 .8 2 .7 3.8 4 .4 4 .3 7 .7 2—84 8 .9 8 .6 9 .0 8 .5 8 .1 8 .3 8 «0 7 .4 7.6 6.3 7 .4 6 .0 7 .6 9 .0 10.6 15 .7 24 .3 3-84 8 .9 8 .6 9 .0 6 .6 8 .3 8 .4 8 .2 7 .6 7 .8 8 »5 7 .7 6.6 7 .9 9 .1 10.3 13 .6 1 6 .7 9 .6 4-84 9 .1 8 .8 9 .2 8 .8 8 .5 8 .7 8 .5 7 .9 8*2 8.8 8 .1 7 .2 8.5 9 .6 10.6 13.2 15.1 10.6 11.9 1-80 2-80 3-60 4-60 1-81 2-81 3-81 4-81 1-62 2—82 3-82 4-82 1-83 2-83 3-83 4-83 1-84 2-84 3-64 704.4 743*7 761.0 7 8 2 .7P IN IT IA L QUARTER P - PRELIMINARY GOVERNMENT PURCHASES OP GOODS AND SERVICES IN 1972 DOLLARS _____________ COMPOUNDED ANNUAL RATES OF CHANGE_________________________________________________________________ B IL L IO N S OF TERMINAL__________________________________________________________________ I NI T I AL QUARTER______________________________________ __________________________ DOLLARS ANNUAL RATES QUA RT» 1 -8 0 2 -8 0 4 .0 3 -8 0 0.0 2 -8 0 3 -6 0 4 -8 0 1 -6 1 2 -8 1 3 -8 1 4 -6 1 1 -8 2 2 -6 2 3 -6 2 4 -6 2 1 -6 3 2 -6 3 3 -8 3 1 —8 4 2 -6 4 3 -6 4 2 8 6 .8 -0 .7 -3 .0 1 -8 1 0 .7 -0 .4 2 -8 1 0 .3 —0.6 2 8 4 .0 2 8 2 .5 1 .4 5 .0 1.8 2 8 5 .1 -1 .3 3 -8 1 0.8 0.2 1.2 1.0 3 .3 4 -8 1 1.1 0.6 1.6 1 .7 3 .2 3 .1 1 -8 2 1.1 0 .7 1 .5 1 .5 2 .4 2.0 2 -8 2 0 .5 0.0 1.1 0 .3 0 .7 0.2 3 -8 2 1.2 0 .9 1 .5 2.1 1.6 2.2 1 .9 1*5 1.8 8 .3 4 -8 2 2.1 1 .9 2.6 3 .2 2 .9 3 .6 3 .7 3 .6 4 .6 9 .7 11.1 1 -8 3 1.2 0 .9 1 .4 1.8 1 .4 1.8 1 .4 1 .3 1 .4 3 .4 1*0 -6 * 1 2 8 7 .4 - 2 8 9 .4 0*6 - 1*8 2 9 0 .2 2 8 7 .0 -4 .3 2 9 2 .8 3 0 0 .6 2 —8 3 0 .9 0.6 1.1 1 .4 1.0 1 .3 1.0 0*4 0 .4 1 .9 - 0.2 -5 * 4 -2 * 4 3 -B 3 0.6 0 .4 0 .9 1.2 0.6 1*1 0.8 0*5 0*4 1*4 -0 .3 -3 * 8 -It4 _ “0*5 4 —6 3 0 .4 0.2 0 .5 0 .4 0*5 0.2 0*1 -0 .3 0 .4 - 1.1 -3 * 9 -2 * 5 -2 .4 -4 .3 - 0*1 0 .5 - 2 9 2 .4 2 9 2 .0 1 -8 4 0 .5 0 .3 0 .5 0.8 0*4 0*4 0 .3 0*0 - 0*8 -3 * 0 —1 * 4 -1 .3 -1 .7 2 -6 4 1 .5 1 .3 1 .7 1 .9 1 .7 1*9 1.6 1*7 1*6 2.6 1.6 0*3 2.1 3 .3 4 .4 3 -6 4 1*7 1 .5 1 .9 2*2 2*0 2*2 2*1 2*0 2*2 2 .9 2*2 1*0 2*7 3*7 1 .9 1*6 2*2 2*7 1*7 3*2 1 -6 0 2 -8 0 3 -6 2 4 -6 2 1 -6 3 4 -8 4 4 -8 3 -3 .8 4 -8 0 3 -6 0 2*4 2*3 2*5 2*5 2*4 2*5 4 -6 0 1 -8 1 2 -8 1 3 -6 1 4 -6 1 1 -6 2 3*3 2- « 2 8 6 .8 1.0 2*9^ 5 9 .4 1 9 t* _ 4*8 * .• !_ I l* 4*2 5 .2 7 .7 10.0 2 -6 3 3 -6 3 4 -6 3 8_ 1 -6 4 302*1 5*4 6*0 2 -6 4 3 Q 4 tl 6*6 3 1 1 . OP 3 -6 4 IN IT IA L Q UART» P- PRELIM INARY " 17 _ 6 81.0 PRKPARED BY FEDERAL RESERVE BANK OF S T . LO UIS JANUARY 22* 1965 _ DISPOSABLE PERSONAL 1NCOM1 HI CURRENT DOLLARS _______ COHfOW W D ANNUAL RATtS OF CHAMM__________ TCRM PtAL INITIAL QU/WT» Q U A R T» -ArffO___2~e0 2—10 4-6 0 3~6 Q 4-60 1-61 2-61 3-61 4-61 1-62 2-62 >-62 4-62 1-63 2-83 3-63 4-83 1-64 _4*1______________________________________________________ __________ ______________________________________________________________________ -0 .7 6 9 * 6 -1.646.Q _ 1 3 ,6 14,1 1-61____11 >3 1 3 ,i 14.2 1 4 .2 2-61 10*4 _ 12«.1_ 11.7 10 .5 7 .0 3-91 11.2 1 2 .7 U r* 12?1 11.0 15,3 4-61 10,7 _U5dL_ 11.3 10 .6 9 ,4 10** _6^L_ 1-62 9 .7 1 0 .5 14*1 9 .3 6 ,1 6 ,5 5 ,2 4 ,3 9 ,1 9 .6 9 ,3 6 ,5 7 ,4 7 ,5 5 ,0 4 ,5 4*7 9 .0 9 .5 9 .1 6 .4 7 ,4 7 .5 5 ,6 5 .5 6*1 7 .4 4=62 6 .9 £ ,3 6*9 6 .3 7 ,5 7 ,6 6 ,1 6 ,1 6 ,7 7*4 7 .8 l- * i . 6 .5 6 .9 8 .5 7 .6 7 ,1 7 ,1 5 .8 5 .7 6*1 6.5 6 .1 4 .3 2 r63 8 .4 6 .6 6*4 7 .6 7 .1 7 .1 6 .0 6 .0 6 .4 6*6 6 .6 5 .9 3-63 8 .6 9 .0 6 .6 6 .2 7 ,6 7 ,6 6 .7 6 .8 7.2 7 .7 7 .8 7 .8 9 .6 11.7 4-63 6 .6 9 .1 6 .8 8 .4 7 .9 7 .9 7 .2 7 .3 7 .7 6*2 6 .4 6 .5 10.0 11.2 10.7 1-64 9 .0 9 .3 9 .1 6 .7 8 .3 8 .4 7 .7 7 .9 8.3 8.9 9 .1 9 .4 10.6 11.7 11.7 12 .7 2-64 9 .0 9 .3 9 .0 6 .7 8 .3 8 .4 7 .8 7 .9 6 *4 6*6 9 .0 9 .2 10.2 10.9 10.7 10.6 8 .6 3-62 _ 3-64 4-64 _ 3-64 -ft«* . 13.2 -10 »4 2-62 2-64 B IL L IO N S OF JM L L A R S ANNUAL RATES _ . 1 .9 0 6 , 0 -1.972*5 2.Û OÀ.O 2*0 76 .6 2 .1 0 9 .8 2*132.0 2*156.6 2 .1 9 5 .8 2 *237.5 2 .2 6 1 .4 7.5 2*302.9 2*367.4 2*428.6 2 ,5 0 2 .2 2 ,5 5 4 .3 9 .0 9 .2 9 .0 6 .7 8 .3 8 .4 7 .8 8 .0 6 .4 6.6 8 .9 9 .1 9 .9 10.4 10,1 9 .9 8 .5 8 .4 6 .6 9 .1 6 .9 8 .6 6 ,2 8 ,3 7 .6 7 .9 6*2 6*6 8 .7 8 .8 9.5 9 .8 9 .4 9 .1 7 .9 7 .6 6 .8 1-60 2-60 3-60 4-80 1-61 2-61 3-61 4-61 1-62 2-62 3-62 4-62 1-63 2-63 3-83 4-83 1-64 2-84 3-64 2*606.4 2 ,6 4 9 .4 P I N IT IA L Q UART» P- PRELIM INARY DISPOSABLE PERSONAL INCOME IN 1972 DOLLARS _____ COHPOUHP f P AMNgAL-RATES Of CHANGE. ______ B IL L IO N S Of DOLLARS ANNUAL RATES IN IT IA L QUARTER TERMINAL QUART» 1-60 2-BO 3-6Q 4-6Q 1-61 2-61 3-61 4-61___1-62 2-62 3-62 4-82 1-63 2-83 3-83 4-63 1-64 2-84 3-BA l tQ12.Q ¿ - f t Q _____ r 5 * î . rfTTBW, i.i fc.T 4-60 0 .5 3 .5 . . . 1*029.6 4 .1 1-61 1 .6 4 .0 4 .6 5 .1 2-61 1 .2 2 .8 2 .6 2 .2 - 0 .7 1,042*2 1*040.7 3-61 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 1-62 1.3 2 .3 2 .2 1*6 1 .0 1.6 1.056*1 -0 .8 1.056*0 1 ,0 5 2.8 -1 .2 1*054.6 2-62 1.2 2 .1 2 .0 1 .6 0 .9 1 .4 - 0 .4 - 0 .2 0 .6 3-12 1 .2 2 .0 1 .9 1 .6 1 .0 1.3 0 .0 0 .2 1.0 1.2 4-62 1 .5 2 .2 2 .1 1 .6 1 .4 1 .7 0 .7 1.1 1.9 2*4 3 .7 1.057*9 1 .0 6 7 .6 1-63 1 .5 2 .2 2 .1 1 .9 1 .5 1.8 0 .9 1 .3 1.9 2.3 2 .9 2 ,1 2-63 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 .4 lt O T 3 « l 3-63 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 6 .0 6 .3 1.062*0 1 .1 0 2 .2 4-63 2 .5 3 .1 3 .1 3 .0 2*6 3*1 2 .7 3 .2 3.6 4*3 5 .0 5 .3 6 .4 1-64 2 .6 3 .4 3*4 3 .4 3*3 3 .6 3 .3 3 .6 4 .4 4 .9 5 .6 6 .0 6 ,9 6*2 6 .4 6*6 2*64 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*6 7*7 7 .7 7*4 6 .3 3-64 3 .1 3 .6 3*7 3 .6 3 .5 3 .6 3 .6 4 .0 4 .5 5.0 5 .5 5 .7 6 .3 6*9 6 .7 6 .2 5 .1 3 ,9 4-64 3 .2 3 .6 3 .7 3 .7 3*6 3 .9 3*6 4 .0 4 .5 4*9 5 .3 5 .5 6 .0 6 .5 6*2 5*7 4 .6 4*1 1-80 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 2-64 l» U * t2 _ _ 1*147.6 1 ,165*3 1 .1 7 6 ,5 4 **__ \tm t 7P 3-64 I N I T IA L QUA RT» > R B .IM ÍN A R Y PH iPA R fO BY P E O f R A L ^ Í i S » V f BANK Of S T .L O U IS “ JANUARY 2 2 , 1965 18 CORPORATE PROFITS AFTER TAXES* B IL L IO N S OF TERMINAL QUARTER IN IT IA L QUARTER ANNUAL RATES 4-79 1-80 i- a o 2 .9 2 —8 0 - 2 8 .6 - 5 0 .5 2-80 3-80 4-80 1 -81 2 - flLl _ M L 1 .... 3-00 “ 1 4 .4 - 2 1 .9 2 3 .3 -11*1 -15*3 1 0 .7 - 0 .5 1-81 - 7 .2 -9*6 1 0 .5 4 .5 9 .9 2-81 - 1 2 *3 - 1 5 .1 - 2 .9 - 1 0 .3 - 1 4 .8 - 3 4 .0 0 .0 - 5 .1 - 6 .6 - 1 3 .9 1 2 .4 - 2 .1 —6 . 5 - 8 .0 - lîr l. - 0 .6 - 9 .5 - 1 1 .2 1 - 82 2-82 3-82 4-82 1 - 83 2-03 3-83 4-a3 . 1-84 2-84 166*21 3 9 . 4 ____ 4-BO 4-81 4-81 1 4 6 .9 1 5 0 .2 ... 1 3 5 .4 1 3 9 .4 135. 0 - 1 2 .0 - 4 3 .6 1 0 4 .7 -63»0 106. 9 9 .7 3-82 1 0 7 .0 4 .4 0 .4 - 4 .9 ->11.1 - 2 1 .2 - 2 .0 -5 .3 -8.1 -5.8 14.0 15.4 20*9 49.9 1.1 3 .2 22.9 25.9 33.3 58.8 93.2 1 .7 0 .5 2 .2 18.6 20.3 24.8 40.0 52.9 3 0 .7 - 4 .1 3 .9 3 .1 5 .0 19.9 21.6 25.6 37.9 46.8 3 0 .4 1 1 .5 2 9 .0 13.3 - 1 4 .7 - 1 6 .5 - 2 0 .2 - 1 7 .2 - 2 3 .2 4-82 - 1 5 .1 - 1 6 .6 - 1 2 .2 - 1 5 .4 - 1 7 .1 - 2 0 .4 - 1 7 .9 -22. 3 1-83 - 1 3 .6 -1 4 .9 -10.5 -1 3 .4 -14 .7 -1 7 .4 -14 .7 - 1 8 .5 -1 9 .7 2-83 -8 .0 -8 .8 -4 .0 -6 .1 - 6 .7 -8 .4 - 4 .5 -6 *7 3-63 -3 .8 —4 .3 0 .7 —1.0 -1 .0 -2 .1 2 .3 4-83 -3.8 - 4 .3 0 .3 - 1 .2 -1 .3 - 2 .2 1-84 —2 .1 - 2 .4 2.1 0 .7 0 .8 0 .1 - 2 6 .7 1 0 0 .8 102.6___ 123.4 r*>i - 1 1 .1 i - 1 6 .2 ! - 1 4 .6 14Z.6 7 8 .3 2-84 -2.1 - 2 .4 1.9 0 .6 0 .7 0 .0 3 .5 2 .8 4 .4 17.4 *8 .5 21.4 30.5 35.6 2 1 .7 7 .2 3-84 4-84 -3 .2 -3 .5 0 .4 -0 .9 - 0 .9 - 1 .7 1 .4 0 .5 1.6 12.9 13.3 15.1 21.5 24.0 1 1 .7 - 0 .6 4-79 1-80 2-80 3-80 4-80 1-81 2-81 3-81 4—81 1-62 2-82 3-82 4-82 1-83 2-83 3-83 141.1. 150*6 ... 150*2 -1 .1 0 .6 - U * 5 -20.8 l- * 4 2-64 141.7 n. a. 4-63 IN IT IA L QUARTER » N A T IO N A L IN C O M E B A S IS N. A. - n o t a v a i l a b l e H IE P A R E D JA N U A R Y BY 22* FED ER A L R ES ER V E BANK O F lt # 5 HISTORICAL SOURCES OF NATIONAL INCOME AND PRODUCT ACCOUNTS DATA The NIPA estimates for 1929-76 are 1n The National Income and Product Accounts of the United States, 1929-76: S ta tis tic a l Tables (Stock number Sfl3-0l0-00101-1, price 510.00). 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 In 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 Superintendent of documents, U.S. Government Printing O ffice, Washington, D.C. 20402. For further information, write to the National Income and Wealth Division (BE-54) Bureau of Economic Analysis, U.S. Department of Commerce, Washington, D.C. 20230. 19 ST . L O U IS INVENTORIES COMPARED WITH MONTHLY SALES* MANUFACTURING AND TRADE . 68 6 8 .64 64 . 60 60 . 56 56 52 48 44 . 40 40 . 36 36 32 28 . 28 24 1 1 1 * RAT I OS BASED SHADED AREAS L ATE ST 1978 1979 ON SEASONALLY ADJ USTED DATA. REPRESENT DATA PLOTTED: 1977 PE R I ODS OF B U S I N E S S 1980 1981 SOURCE: 1982 1983 1984 1985 U . S . DEPARTMENT OF COMMERCE RECESSIONS. NOVEMBER P R E L I MI NA R Y PREPARED 20 BY FEDERAL RESERVE BANK OF ST. LOUIS
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