Full text of National Economic Trends : July 1969
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nnnonnL Economic treods PREPARED BY FEDERAL MONTH ENDING: Ju n e 3 0 > 1969 RESERVE BANK OF ST. LOUIS RELEASED: July 24, 1969 Inflationary pressures continue unabated as demand for goods and services expands rapidly. Total spending increased at a 7.4 per cent annual rate in the second quarter (pages 8 and 9), little changed from the rate in the first quarter but less than the 8.7 per cent rate of the past two years. The continued growth of total spending, in the face of mone tary restraint, demonstrates the lag of response in economic activity to changes in economic policy. Final sales, spending other than for inventory accumulation, rose at an annual rate of 6.1 per cent during the second quarter (pages 10 and 11), compared with an 8.3 per cent rate during the past two years. Retail sales have risen only slightly since last fall, compared with a 1957-1968 rate of increase of about 5 per cent (pages 6 and 7). Personal income shows little sign of slowing, rising at a rate of 8.6 per cent during the first six months of this year (pages 6 and 7), compared with a 9.2 per cent rate of increase in the last two years. Real product increased at a 2.3 per cent annual rate from the first quarter to the second quarter (pages 8 and 9), compared with a 4.2 per cent rate in the past two years. Industrial production rose at a 6.3 per cent rate in the first half of the year (pages 4 and 5), about the same as the rate which has prevailed in the past two years. Plant and equipment spending was up at a 19.2 per cent annual rate in the second quarter, about the same as the first quarter rate of expansion, and well above the 1968 increase of 4 per cent. Total civilian employment has in creased at a very rapid 2.9 per cent rate since last fall (pages 2 and 3). General prices rose at a 4.9 per cent annual rate in the first half of this year (page 15), compared with a 4.3 per cent rate in the past two years. Inflation has accelerated sharply from a 1.8 per cent rate in the 1964-1965 period, to a 3.2 per cent rate from late 1965 to mid-1967, and to a 4.1 per cent rate from mid-1967 to the fourth quarter of 1968. Wholesale prices of industrial commodities rose at a 3.7 per cent rate in the first six months of this year (page 14), compared with a 2.9 per cent rate during the past two years. Consumer prices increased at a 6 per cent rate from December to May (pages 12 and 13), compared with a 4.8 per cent rate during the past two years. 2 TOTAL C IV IL IA N EMPLOYMENT ■LQOTMNPEP A*ta y*l^ *U SJlF.£tt4N<?€ TERMINAL MCNTH 1 1 -6 7 1 2 -6 7 THOUSANDS OF PERSONS I N IT IA L MONTH 1 2 -6 7 0 1 -6 8 C 2 -6 8 0 2 - 6 8 0 4 -6 8 C 5 -6 8 0 6 -6 8 0 7 -6 8 0 8 -6 8 0 9 -6 8 1 0 -6 8 1 1 -6 8 1 2 -6 8 0 1 - 6 9 7 5 .4 7 3 00 1 o .6 0 2 -6 8 3 .U 1 .3 9 .2 0 3 -6 8 3. 1 1 .6 5 .5 2 .0 OU- 6 8 2 .1 .7 2 .1 .1 0 5 -6 8 2 .5 1 .5 2 .4 1 .6 1 .3 4 .5 6 .0 - 7 5 .0 8 6 7 5 .6 4 0 7 5 .7 6 4 1 .7 - 7 5 .6 5 3 7 5 .9 3 2 0 6 -6 8 2 .3 l.U 2 .0 W 5. 1 .3 2 .8 1 .2 0 7 -6 8 2 .0 1 .3 2 .5 1 .2 1 .0 2 .0 .7 .3 0 8 -6 8 1 .7 1 .0 2 .0 .9 .7 1 .3 .2 .2 - .7 - 0 9 -6 8 l t6 .9 1 .8 .8 .6 1 .1 .0 .2 - .4 1 0 -6 8 1 .5 .8 1 .6 .7 .5 .9 .0 .1 - .2 .0 1 1 -6 8 1 .8 1 .3 2 .1 1 .3 1 .2 1 .7 1 .2 1 .2 1 .5 2 .2 3 .1 6 .3 1 2 -6 8 2 .2 1 .7 2 .4 1 .8 i.e 2 .2 1 .9 2 .0 2. 4 3 .2 4 .1 6 .2 6 .1 0 1 -6 9 2 . ‘3 2 .2 2 .9 2 .3 2 .3 2 .8 2 .6 2 .8 3 .2 u .o 4 .9 6 .6 6 .8 7 .5 2 .2 3 .4 3 .9 4 .7 5 .6 7 .0 7 .2 7 .8 8 .0 4 .1 4 .7 5 .7 5 .5 _ 5 .3 4 .3 0 2 -6 9 0 2 -6 9 0 3 -6 9 0 4 -6 9 0 5 -6 9 7 ,7 2 .9 0 3 -6 9 .2 7 6 .C 0 5 7 6 .0 2 0 ? .6 2 .2 2 .3 2 .8 7 7 2 .U 2 .1 2 .6 2 .7 3 .1 2 .9 3 .1 3 .5 7 5 *9 7 3 7 6 * COO 76* C02 7 6 .3 8 8 7 6 .7 6 5 7 7 .2 2 9 7 7 .7 2 9 .6 7 7 .7 6 7 OU- 6 9 2 .U 2 .1 2 .7 2 .2 2 .2 2 .6 2 .4 2 .5 2 .8 3 .2 3 .7 4 .3 3 .9 3 .3 2 .0 .9 - 2 .5 - 0 5 -6 9 2 .0 1 .7 2 .2 1 .7 1 .7 2 .C 1 .8 1 .8 2 .0 2 .3 2 .5 2 .9 2 .3 1 .6 .1 2 .4 - 3 .8 - 5 .1 - 0 6 -6 9 2 .2 1 .9 2 .U 2 .0 2 .0 2 .2 2. 1 2 .2 2 .4 2 .7 2 .9 3 .3 2 .9 2 .4 1 .4 .2 - .5 - .5 OU—6 ^ C5 -6 8 0 6 -6 8 0 7 -6 8 0 8 -6 8 0 9 -6 8 1 1 -6 7 12 —6 7 0 l - o 8 0 2 -6 8 0 2 -6 8 IN IT IA L 1 0 -6 8 1 1 -6 8 7 7 *6 0 5 7 7 .2 6 5 6. 5 7 7 .6 7 1 1 2 -6 8 0 1 -6 9 0 2 -6 9 0 3—6 9 0 4 - 6 9 0 5 - 6 9 MCNTH PREPARED BY F ED ERA L JULY 9 , 1969 KFSHRVr BANK OF S T . LO LIS P AY R O LL EMPLOYMENT 1 / COMPOUNDED ANNUAL R A T E S OF CHANGE THOUSANOS OF PERSONS I N I T I A L MONTH TE R M IN AL MONTH 11-6 7 12 -6 7 2 .5 0 1-6 8 1.1 12 -6 7 0 1-6 8 0 2 -6 8 0 3 -6 8 0 4-68 3 .1 3.3 5 .2 2 .2 0 4-68 3 .2 3 .3 4 .5 2 .7 3.3 0 5 -6 8 2 .9 3.0 3.8 2 .3 2 .4 1.5 0 6 -6 8 3 .2 3.3 4 .0 2 .9 3.2 3.2 0 9 -68 2 .9 10 -6 8 3.0 11-6 8 3 .1 10 -6 8 11-6 8 12 -6 8 0 1-6 9 0 2 - 6 9 03 - 6 9 3 4 - 6 9 0 5 --69 6 6 .7 2 0 0 3 -6 8 3 .0 09-68 6 7 ,16 5 3.9 08-68 08-68 JiJiilAh— 3.4 3 .1 0 7-6 8 .2 - 0 2 -6 8 0 7-6 8 0 5 -6 8 0 6 -6 8 8 .3 Jl LvZM.fe.7i.466 '6 7 .5 5 0 4 .8 6 T .8 16 3.6 2 .3 6 1.9 4 5 3.7 2 .8 3.0 2 .9 3 .1 3.5 2 .8 2 .9 2 .8 3.2 2 .4 2 .6 2 .9 3.3 2 .6 2 .7 2 .6 2 .9 2 .3 2 .2 1.9 3.1 3 .4 2 .8 2 .9 2 .9 3 .1 2 .7 2 .9 3.0 4 .2 3.2 3.5 3.0 3 .1 3 .1 3.3 3.0 3.2 3.4 4.2 4 .2 3 .1 6 8 . 195 .6Bt m . .... . 6 8 .6 6 4 12 -6 8 3.2 3.2 3 .5 3 .1 3.2 3.2 3.4 3.2 3.3 3.5 4 .1 4 .0 3.7 3 .3 3.4 3.7 3.3 3.4 3.4 3.7 3.5 3.7 4.0 4 .5 4.6 4 .8 0 2 -6 9 3 .5 3 .5 3.8 3 .5 3 .6 3.6 3 .8 3.7 3 .9 4.2 4 .6 4 .7 4.9 5 .5 S jlL. 0 3 -6 9 3 .5 3.6 3.8 3.5 3.6 3.6 3.9 3.7 3.9 4 .1 4 .5 4.6 4.6 4*5 4 .5 3.9 6 8 .3 75 5.8 69 t 199 0 4-69 3 .4 3.4 3 .7 3 .3 3.4 3 .5 3.6 3.5 3.6 3.8 4 .0 4 .0 4 .0 4 .0 3.5 2 .7 U* 0 5 -6 9 3.4 3 .5 3 .7 3 .4 3.5 3 .5 3.7 3.6 3.7 3.8 4 .1 4.0 4 .0 4 .1 3.6 3 .1 2*8 4 . 1 ___ 0 6 —6 9 3.4 3.5 3.7 3.4 3.5 3.5 3.6 3.5 3.7 3*8 4 .0 4.0 3 .9 3.9 3.6 3 .2 2 .9 3 .7 11-6 7 12 -6 7 0 1-6 8 02 -6 8 0 7 -6 8 08 -68 09-68 10 -6 8 11-6 8 12 -6 8 0 1-6 9 0 3 -6 8 0 4 -6 8 0 5 -6 8 0 6 -6 8 _ 4 9 .H â L _ 6 9 .7 1Q .. 6 9 t 7JÌ9 _ .......... _7.fi« 02 UP... 3 .3 .70« 2 1 6 ? 0 2 - 6 9 0 3 - 6 9 0 4 - 6 9 05 - 6 9 I N I T I A L MONTH .... 6 8 . 088 0 1-6 9 P - P RELIM INA RY 1 / SERIES REVISED ... P RE PA RED BY F E D ftA L JULY l i t 1969 RESERVE.BAi* OF ST. LO U IS . 3 Em ploym ent Ratio S ca le Ratio S ca le Source: U.S. D e p a rtm e n t o f L ab or Percentages are annual rates of change between periods indicated.They are presented to aid in com paring most recent developments with past "trends.” Data for pa yro ll em ploym ent revised from January 1967 through June 1969 Latest data plotted: June p re lim in a ry Prepared by Federal Reterve Bank of St. Louis 4 iTiBUSTRI AL PROtrUCTTCN COHPOUNOEO ANNUAL RATES OF CHANGE TfcrtMJNAL IN IT IA L MONTH 1957-5 9 / 100 PCNth 1 1 -67 12-67 0 1 -6 8 0 2 -68 C3-68 0U-68 C5-68 06 -68 07 -68 0 8 -6 8 09 -68 10-68 11-68 12-68 0 1 -6 9 0 2 -6 9 0 3 -6 9 OU-69 0 5 -6 9 12 -67 1 8 .7 01-6 3 5.U 6 .U - 0 2 -6 8 5 *6 .U - 0 3 -6 8 6 *1 2 .3 6*9 7 .7 0U-68 U .l .7 3 .3 1 .9 3 .6 - 6 .1 1 6 2 .0 16 3 .0 16 2.5 05—6 8 5. 6 3 .1 5 .7 5 .5 U .5 1 3 .3 0 6 -6 8 6 .5 4 .6 7 .0 7 .2 7 .0 1 2 .8 12 .3 Air?-*}__ 16U.2 16 5 .8 5 .9 U .2 6 .0 6 .0 5 .6 8 .9 6 .8 1 .5 :)t)-6 e U.O 2 .3 3 .6 3 .2 2.U 3 .9 1 .0 U .3 - 9 .7 - 0 9 -6 8 »•.0 2 .5 3 .7 3 .3 2 .6 3 .9 1 .7 1 .7 - 3 .2 - 3 .7 J O-6H U .2 2 .9 U.C 3 .7 3 .2 u .u 2 .7 .u .0 5.2 6 .7 2 .5 2 .7 7 .2 9 .0 1 1 .U U.0 7.7 9 .0 10 .2 9 .0 I* u 7 .7 5 .9 1 1 -6 8 U .tf 3 .6 U.7 U .6 U.2 5 .3 U .l 1 6 6 .0 1¿11-6 165.1 16 6 .0 167. 5 12 -68 5 .1 U .l 5 .1 5 .0 U.7 5 .8 U .8 3 .5 C ir 6 9 ... 5 .0 u .o U .9 U .8 U.5 5 .5 U .5 3 fU . ... 3.8___ 6. 7 . 02 - t 5 .1 U .2 3 .1 5 .0 U.8 5 .6 U .8 3 .9 U.3 6 .8 7.U 7 .6 5 .1 7 .3 5 . «4 _ U .fc 5 .U 5 .3 5 .2 6 .0 S .i U .5 U .9 7 .2 7 .8 8 .0 6 .6 8 .5 k*rikt 5 .2 u .u 5 .2 5 .1 U .9 5 .7 5 .0 U .3 U .6 6 .5 7 .0 7 .0 6 .1 5 .U 6 .3 5 .8 2 .1 OS-6 9 5 .3 U .6 5 .3 5 .3 5 .1 5 .8 5 .2 U .6 U .9 6 .6 7 .0 7 .0 6 .3 5 .8 6 .5 6 .3 U .6 7 -2 0 6 -6 9 5 .5 U.8 5 .5 5 .5 5 .1 6.C 5.U U .9 5 .2 6 .8 7 .2 7 .2 6 .6 6 .3 7 .0 6 .9 6 .0 7 .9 u S-r . 162.1 1 6 1 .2 ? 168.7 2 .9 1 6 9 .1 170 -1 171. U 9 .6 1 7 1 .7 1 7 2 .7 P 8 .7 173.9P 11-6 7 1 2 -6 7 01 -68 0 2 -6 8 0 3 -6 8 OU-68 0 5 -6 8 06-68 0 7 -6 8 08-68 0 9 -6 8 10 -68 11-68 1 2 -6 8 0 1 -6 9 0 2 -6 9 0 3 -6 9 OU-69 0 5 -6 9 IN IT IA L MONTH P- PRELIMINARY PREPARE by FfO gR H K S R V f JULY 21« 1969 OF 5T* LOUIS 5 Ratio Scale Industrial Production Ratio Sea le Percentages are annual rates of change between periods indicated. They are presented to aid in comparing most recentdevelopm ents w ith past "tre n d s." Latest data plotted: June p re lim in a ry Prepared by Federal Reserve Bank of St. Louis 6 RE TA IL SALES COMPOUNDED ANNUAL RATES OF CHANGE TERMINAL MONTH 12 - 67 L1 - 5 7 01-68 02-68 0 3 -6 8 12-67 7 .0 01-68 1 5.6 25 02-68 16.9 22 . 3 19 .6 03-68 19.3 23 . 7 23 . 1 26.7 0 4-68 13.2 14 .8 11 . 5 7 .7 0 5-68 0 4-6 8 0 5 -6 8 06-68 07 -68 0 0 - 6 8 09 -68 1 0 - 6 8 11-58 1 2 - 6 8 0 1 - 6 9 0 2 - 6 9 0 3 - 6 9 0 4 - 6 9 05 - 6 9 26 * 545 .0 2 7 * 043 27» 449 27*996 8 .5 - 27*791 15 .2 12 . 9 10.7 3 .5 17.1 8 12.8 13 .8 11 . 7 9 .8 4 .7 1 2.0 7.1 r«» O co 13.2 14 .1 12 . 4 11.1 7 .4 13.3 11.5 16.1 12 . 1 12 .8 11 . 1 9 .8 6 .7 10.8 8.8 9.7 3 .7 12 .0 1 13.8 06-6 08-68 M IL L IO N S OF DOLLARS I N I T I A L MONTH 2 8 , 158 28*220 28*674 2 8 , 760 8 11.5 10 . 5 9 .3 6.6 9 .9 8.1 8 .5 4 .9 10-6 8 9 .6 9 .8 8. 2 6 .9 4 .3 6.6 4 .7 4 .1 .3 1 .3 - 8. 2- 11-68 9. 1 9 .3 7.9 6.6 4 .4 6 .3 4 .7 4 .2 1.4 .6 2. 0- <*.6 12-68 6. 8 6.8 5.3 3 .9 1.7 3 .0 1.2 .2 2 .7 - 4*2- 7 .5 - 7 .1 - 0 1-69 8 .4 8. 5 7 .2 6 .1 4 .3 5 .8 4 .5 4 .1 2.2 1.9 .9 H .I 3.9 30.8 02-69 8 .7 8.8 7 .6 6 .7 5 .1 6 .5 5 .4 5 .2 3 .7 3.7 3 .2 6 .3 6 .9 21.7 03-69 7 .L 7 .1 5.9 4 .9 3 .3 4 .4 3 .2 2.8 1.3 .9 .1 1 .8 1 .2 8 .3 09-6 6.1 28,902 28,697 28*806 1 7« 5 - 28.347 28*989 13.2 2 9 , 289 1 .5 - 1 4 .2 - 2 8,916 OU-6 9 8.0 8. 1 7.0 6 .2 4 .8 5 .9 5 .0 4.8 3 .6 3.6 3.2 5 .3 5.4 1 2.0 6 .4 3 .2 05-69 6 .9 6. 9 5 .8 5 .0 3 .6 4 .6 3 .6 3.3 2.1 1.9 1.4 2 .8 2 .5 7.1 1 .8 1 .7 - 5 .3 10.8 - 06-69 6.0 5 .9 4.9 4 .0 2 .7 3 .5 2 .5 2 .2 1.0 .7 .2 1 .2 .8 4 .2 3 .6 - .3 9 .9 - 07 -68 0 8 -68 09 -68 1 0 - 6 8 11-68 11 -6 7 12 - 6 7 01 - 68 02-68 0 3-6 8 04-68 0 5-68 06-68 .4 - 24.2 29*442 29,164*» 9 .0 - 28.935P 1 2 - 6 8 0 1 - 6 9 0 2 - 6 9 0 3 - 6 9 0 4 - 6 9 05 - 6 9 I N I T I A L MONTH P - PRELIMINARY PREPARED BY FEDERAL RESERVE BA'K OF ST . LOUIS JULY 1 4 , 1969 --------------- ----------- -------PERSONAL INCOME COMPOUNOEO ANNUAL RATES OF CHANGE I N I T I A L MONTH TERMINAL MONTH 11-67 12-67 14,. 7 ö i^ rs r to :. 4 l2 -6 t Ö1-68 €¿-68 0 3 - 6 8 0U-6Ô C 5- 6 8 0 6 - 6 8 11-68 6 *6 .3 12 .3 11.2 16.3 12 . 7 12 .1 15.1 14.0 OU— 68 11 .0 10.1 11.4 9 .0 4.2 05-68 11 .0 10.3 11.3 9 .7 7 .7 11.2 10 . 9 10.3 11.2 9 .9 8.6 10.9 664.6 671.9 6 t4 .2 68C.2 685.9 10.5 'n r:? " ic .4 4 .è ë .é lô .U 9 .^ 4 .3 0 8-68 10.6 10.1 1C.6 9 .7 8 .9 1 C .I 9 .7 9.3 O t —6-Ô .....TÖ . 7 10-68 6.2 02-68 8 09-68 65 3 . 0 03-68 06-6 07-68 08-6 8 B IL L IO N S OF DCLL AR!» ANNUAL RATES 12-68 0 1 -6 9 0 2 -6 9 0 3 -6 9 0 4 -6 9 0 5 -6 9 ¿ $ 1.0 696.1 9 .2 09-68 10 . 4 9 .9 1 C.4 9 .6 8 .9 9 .9 9 .5 9 .2 9.1 9 .0 701.1 .... 1 Ô- 6F 10.3 4 .9 16. ? tf.S " § .4 9 .7 9.U 9.2 4.1 9.Ö t Ò 6. Ì 11-68 10.2 9 .8 IC .2 9 .5 9 .0 9 .7 9 .4 9.2 9 .2 9.1 9.2 9 .4 12-68 10.0 9 .7 10^0 9 .4 8 .9 9 .4 9 .2 9 .0 8.9 8.8 8.8 8.6 0 1 - 6 9 ......... 9 .6 9 .Ì 9 .5 8 .9 8 .4 8 .9 8.6 8 .3 8.2 8.0 7 .7 7 .3 6 .2 4 .6 9 .6 9 .2 9 .5 8 .9 8.5 8 .9 8 .7 8 .4 8 .3 8.2 8 .0 7 .7 7 .2 6.8 9 .0 03-6 9 9.7 9 .4 9 .6 9 .2 8.8 9 .2 9 .C 8.8 8 .7 8 .7 8.6 8 .5 8 .3 8 .5 10.4 11.9 04-64 4 4 .4 4 .è 4 .1 8 .7 9 .1 Ô .4 Ô.8 è .7 Ö.& 8.6 8 .5 8 .3 8.U 4 .7 1Ö .I 8 .3 05-69 9 .6 9 .3 9*5 9 .0 8 .7 9 .0 8.8 8.7 8.6 8.6 8 .5 8 .4 8 .5 8 .3 9 .3 9 .4 8 .2 8 .0 06-69 9 .6 9 .3 9 .5 9 .1 8.8 9 .1 8 .9 8.8 8.8 8 .7 8 .7 8.6 8 .5 8.6 9 .4 9 .5 8.8 9 .0 07-68 08-68 09-68 10-68 11-68 02-69 l l - i 67 12-67 0 1 -6 8 P - P r e li m i n a r y 02-68 02-68 0 4-68 C5-68 0 6 -6 8 711.5 716.0 7.9 tl8 .7 7 23.9 7 30.7 7 3 5 .6 tU C .3 P 10.0 746.2 p 12-68 0 1 -6 9 0 2-6 9 0 3 -6 9 0 4 -6 9 0 5 -6 9 I N I T I A L MONTH PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS JULY 22, 1969 7 Retail Sales Ratio Scale Ratio Scale Source: U.S. D e p a r tm e n to f Commerce Percentages are annual rates of change between periods indicated. They are presented to aid in com paring most recent developments with past "trends." L ate stdata plotted: June prelim inary Prepared by Federal Reserve Bank of St Louis Personal Income Ratio Scale Ratio Scale Source: U.S. Department of Commerce Perce ntage s are an n u al rates of ch a n g e betw een p e rio d s in d icate d .T h e y are p re sen te d to a id in com p arin g most recent d evelop m en ts with p a st "tre n d s .” Latest d a t a plotted:June p re lim in a ry Prepared by Federal Reserve Bank of St. Louis 8 GROSS NATIONAL PRODUCT IN CURRENT DOLLARS _______________________________________________________ CQHPOUMOEP ANNUAL RATES O f CHANGE__________________________________________________________________________________ B IL L IO N S OF TERMINAL IN IT IA L QUARTER DOLLARS QUARTER ANNUAL RATES ___________ 0 3 -6 4 0 4 -6 4 0 1 - 6 5 0 2 - 6 5 0 3 - 6 5 0 4 -6 5 0 1 -6 6 0 2 -6 6 0 3 - 6 6 0 4 -6 6 0 1 - 6 7 0 2 - 6 7 0 3 - 6 7 0 4 - 6 7 0 1 - 6 8 0 2 - 6 8 0 3 - 6 8 0 4 - 6 8 0 1 - 6 9 _______________ 0 4 - 6 4 _______3 ^9 ____________________________________________________________________________________________________________________________________________________________ 64 5« I 0 1 -6 5 7 *6 1 1 .4 0 2 -6 5 7 .8 9 .7 8 .0 0 3 -6 5 8 .2 9 .6 8 .7 66 2 .8 6 7 5 .7 9 .4 6 9 1 .1 0 4 -6 5 8 *8 1 0 .1 9 .6 1 0 .4 1 1 .4 0 1 -6 6 * .3 1 0 .3 10. 1 1 0 .8 1 1 .4 7 1 0 .0 1 1 .5 7 2 9 .5 0 2 -6 6 9 ,0 9 .9 9 .6 1 0 .0 1 0 .2 9 .6 7 .8 0 3 -6 6 8 .8 9 .5 9 .2 9 .4 9 .4 8 .7 7 .4 7 .0 74 3 .3 7 5 5 .9 0 4 -6 6 8 .7 9 .3 9 .0 9 .2 9 .1 8 .6 7 .6 7 .5 8 .1 0 1 -6 7 * .0 8 .5 8. 1 8 .1 7 .9 7 .2 6. 1 5 .6 4 .9 0 2 -6 f 7 .7 8 .1 7 .7 7 .7 7 .4 6 .8 5 .9 5. k 4 .9 3 .4 4 .9 0 3 -6 7 7 .8 8 .2 7 .8 7 .8 7 .6 7 .1 6 .4 6 .1 5 .9 5 .2 6 .9 8 .9 0>»-6 7 7 .8 8 .2 t. 9 7 .9 7 .7 7 .2 6 .6 6 .U 6 .3 5 .9 7 .3 8 .5 8 .1 0 1 -6 8 8 .0 8 .5 o .O 8 .0 7 .9 7 .5 7 .0 6 .9 6 .9 6 .7 7 .9 8 .9 8 .9 9 .8 0 2 -6 8 8 .2 8 .5 8 .3 8 .3 8 .2 7 .9 7 .5 7 .5 7 .6 7 .5 8 .6 9 .6 9 .8 1 0 .7 1 1 .7 0 3 -6 8 8 .2 8 .5 8 .3 8 .3 8 .2 8 .0 7 .6 7 .6 7 .7 7 .6 8 .6 9 .4 9 .5 1 0 .0 1 0 .1 8 .5 0 4 -6 8 8 .2 8 .5 8 .3 8 .3 8 .2 7 .9 7 .6 7 .6 7 .7 7 .6 8 .5 9 .1 9 .1 9 .4 9 .2 8 .0 7 .6 *n -6 9 a .i 8 .4 8 .2 8 .2 8 .1 7 .9 7 .6 7 .6 7 .6 7 .6 8 .3 8 .8 8 .8 9 .0 8 .8 7 .8 7 .5 7.S 0 2 -6 9 *. 1 8 .3 S. 2 8 .2 8 .1 7 .9 7 .6 7 .6 7 .6 7 .6 8 .2 9 .7 8 .6 8 .7 8 .5 7 .7 7 .5 7.1. 7.U 0 4 -6 5 0 1 -6 6 0 2 -6 6 0 3 - 6 6 0 4 -6 6 0 1 -6 7 0 2 -6 7 0 5 -6 7 0 4 - 6 7 0 1 -6 8 0 2 - 6 8 0 3 - 6 8 0 4 -6 P D l- 6 9 3 3 -6 4 0 4 —64 0 1 -6 5 0 2 - 6 5 0 ^ - 0 5 7 7 0 .7 1 .8 7 7 4 .2 78 3 .5 8 0 0 .4 8 1 6 .1 835. 5 8 5 8 . 7 ___ 8 7 6 .4 8 9 2 .5 9 0 8 .7 92 5 .1 ? IN IT IA L QUARTER F— PRELIMINARY PREPARFI) BY FEDERAL R E S A V I JULY 17 * 1969 i AM< OF S T. LOUIS GROSS NATIONAL PRODUCT IN CONSTANT 1958 DOLLARS COMPOUNDED ANNUAL RATES OF CHANGE TERMINAL QUARTER B IL L IO N S OF DOLLARS ANNUAL RATES IN IT IA L QUARTER 03—64 0 4—6** 0 1 - 6 5 0 2 - 6 5 0 ¿—65 0 4 -6 5 0 1 -6 6 0 2 -6 6 0 3 - 6 6 0 4 -6 6 0 1 - 6 7 0 2 - 6 7 0 3 -6 7 0 4 - 6 7 0 1 - 6 8 0 2 -6 8 0 .5 -6 to Ü4-D«* 01 - o 1 0 4 -6 4 1 .9 C l—6 5 5 .5 9 .2 0 2 -6 6 5 .6 7 .6 6 .0 0 3 -6 5 6. 5 7 .8 7 .1 014-65 6 .9 8 .2 7 .8 8 .8 9 .4 0 1 -6 6 7 .1 8 .2 7 .9 8 .5 8 .7 8 .1 0 2 -6 6 6 .6 7 .4 7 .0 7 .3 7 .0 5 .9 3 .7 O i- 6 6 6 .2 6 .8 6 .4 6 .5 6 .1 5 .0 3 .5 3 .2 0 4 -6 6 6 .0 6 .6 6 .2 6 .2 5 .8 5 .0 3 .9 4 .0 4 .9 0 1 -6 7 5 .3 5 .7 5 .3 5 .2 4 .7 3 .7 2 .7 2 .4 1 .9 1 .0 - 0 2 -6 7 5 .0 5 .4 4 .9 4 .8 4 .3 3 .5 2 .6 2 .4 2 .1 .7 2 .4 0 3 -6 7 5 .0 5 .3 *4.9 4 .8 4 .4 3 .7 3 .0 2 .8 2 .7 2 .0 3 .5 4 .6 0*4 —6 7 4 .9 5 .1 4 .8 4 .6 >4.2 3 .6 3 .0 2 .9 2 .8 2 .3 3 .4 3 .9 3 .3 0 1 -6 8 «4.9 5 .2 4 .8 4 .7 4 .4 3 .9 3 .4 3 .3 3 .3 3 .0 4 .0 4 .6 4 .6 5 .9 0 2 -6 8 5 .1 5 .3 5 .0 5 .0 4 .7 4 .2 3 .8 3 .8 3 .9 3 .7 4 .7 5 .3 5 .5 6 .6 7 .4 0 3 -6 8 5 .0 5 .2 5 .0 4 .9 4 .6 4 .2 3 .8 3 .8 3 .9 3 .8 4 .6 5 .0 5 .1 5 .8 5 .7 0 4 -6 8 U .9 5 .1 4 .9 U .8 4 .5 4 .1 3 .8 3 .8 3 .8 3 .7 4 .4 4 .7 4 .8 5 .1 4 .9 3 .6 3 .2 0 1 -6 9 14.8 5 .0 4 .7 4 .6 4 .4 4 .0 3 .7 3 .7 3 .7 3 .6 4 .2 4 .4 4 .4 4 .6 4 .3 3 .3 2 .9 2 .6 0 2 -6 9 H .7 4 .8 4 .6 4 .5 4 .2 3 .9 3 .6 3 .6 3 .6 3 .5 4 .0 4 .2 4 .1 4 .2 3 .9 3 .1 ? .7 2 .5 0 3 -6 4 0 4 -6 U 0 3 -6 6 0 4 -6 6 0 1 -6 7 0 2 -6 7 0 3 -6 7 5 8 8 .5 6 0 1 .6 6 1 0 .4 8 .2 0 1 -6 5 0 2 -6 5 Digitized P for - FRASER p r e l im i n a r y 6 2 2 .5 6 3 6 .6 6 4 9 .1 6 5 5 .0 O S-65 0 4 - 6 5 0 1 - 6 6 0 2 -6 6 6 6 0 .2 6 6 8 .1 6 6 6 .5 6 7 0 .5 6 7 8 .0 68 3 .5 6 9 3 .3 7 0 5 .8 4 .0 0 4 -6 7 0 1 -6 8 0 2 -6 8 7 1 2 .8 7 1 8 .5 7 2 3 .1 2 .3 7 2 7 .3 P 0 3 - 6 8 D 4-6P 0 1 -*»9 IN IT IA L QUARTER PREPARED BY FEOERAL «feS K V t t‘ AM< If JULY 17* 1969 ST* LOUIS 9 Demand and Production Ratio Scale 1961 Ratio Scale Q u a rte rly T o ta ls at A nnual Rates 1962 1963 1964 1965 1966 1967 1968 1969 L IG N P in current d o lla rs. Source: U.S. D epartm ent of Commerce [2 GNP in 1958 d o lla rs. Percentages are annual rates o f change between periods indicated. They are presented to a id in com paring most recent developm ents w ith past "tre n d s .” Latest data p lo tte d : 2nd q u a rte r p re lim in a ry Prepared by Federal Reserve Bank of St. Louis ID FIN A L SALES IN CURRENT DOLLARS ___________________________________________________________________ COMPOUNDED ANNUAL RATES OF CHANGE_________________________________________________________________________ *_ B IL L IO N S OF TERMINAL_______________________________ _____________________________________ IN IT IA L Q U A R T E R ______________________________________________________________ DOLLARS QUARTER ANNUAL RATES 0 3 -6 k 0 4 -6 4 0 1 - 6 5 0 2 -6 5 0 3 -6 5 0 4 -6 5 0 1 -6 6 0 2 -6 S 0 3 -6 6 0 4 - 6 6 0 1 -6 7 0 2 - 6 7 0 3 - 6 7 0 4 - 6 7 0 1 - 6 8 0 2 - 6 8 0 3 - 6 8 0 4 - 6 8 0 1 - 6 9 0 U -6 4 2. 1 0 1 —6 5 5 .7 6 3 7 .4 9 .4 6 5 1 .9 02—6 5 6 .9 9 .4 9 .5 0 3 -6 5 7 .6 9 .5 9 .5 0 4*6 5 8 .3 9 .9 1 0 .0 1 0 .3 U .l 0 1 -6 6 P .7 1 0 .0 1 0 .2 10. 4 1 0 .9 1 0 .6 6 6 6 .8 9 .5 6 8 2 .1 7 0 0 .3 7 1 8 .2 0 2 -6 6 3. 1 9 .2 9 .1 9 .0 8 .9 7 .8 5 .0 0 3 -6 6 8 .3 9 .2 9 .2 9 .2 9. 1 8 .4 7 .3 9 .6 0 4 -6 6 7.* 8 .5 8 .4 8 .2 8 .0 7 .2 6. 1 6 .6 3 .7 0 1 -6 7 7. e.t> 8 .3 8 .2 8 .0 7 .4 6 .5 7 .1 5 .8 7 .9 0 2 -6 7 7.8 8 .4 8 .3 8 .2 8 .0 7 .5 6 .9 7 .3 6 .5 8 .0 8 .1 0 3-i> 7 ?. 7 e .3 8. 1 8 .0 7 .8 7 .3 6. 8 7 .2 6 .5 7 .5 7 .3 6 .5 OH-67 7 .7 8 .2 8. 1 7 .9 7 .7 7 .3 6 .9 7 .2 6 .7 7 .4 7 .3 6 .9 7 .3 0 1 -6 8 8 .1 8 .6 8 .5 8 .5 8 .4 8 .1 7 .7 8 .1 7 .9 8 .7 8 .9 9 .2 1 0 .6 1 4 .1 0 2 -6 8 8 .1 8 .5 8 ,5 8 .4 8 .3 8 .0 7 .7 8 .1 7 .8 8 .5 8 .7 8 .8 9 .6 1 0 .7 7 .5 0 3 -6 8 8 .2 8 .6 8 .6 8 .5 8 .4 8 .2 7 .9 8 .3 8 .1 8 .7 _ _ J .9 9 .0 9 .7 1 0 .5 8 .7 1 0 .0 0 4 -6 8 8. 1 8 .5 8 .4 8 .3 8 .2 8 .0 7 .8 8 .0 7 .9 8 .4 8 .5 8 .5 8 .9 9 .4 7 .8 8 .0 0 1 -6 9 8 .2 8 .5 8 .5 8 .4 8 .3 8 .1 7 .9 8 .2 8 .0 8 .5 8 .6 8 .7 9 .0 9 .4 8 .2 ' 8 .5 7 .7 9 .4 02-b 9 8 .0 8.1* 8. 3 8 .3 8 .2 8 .0 7 .8 8 .0 7 .8 8 .3 8 .3 8 .3 8 .6 8 .8 7 .8 7 .9 7 .2 7. b ft 0 3 -6 4 7 2 7 .1 7 4 4 .0 7 5 0 .8 7 6 5 .2 0 4 - 64 0 1 - 65 0 2 - 65 0 3 - 65 0 4 - 65 0 1 - 6 6 0 2 - 66 0 3 -6 6 0 4 - 66 0 1 -6 7 n iT IA L 7 8 0 .2 7 9 2 .6 0 2 -6 7 0 3 -6 7 8 0 6 .6 8 3 3 .6 8 4 8 .8 8 6 9 .2 6 .0 8 8 2 .0 9 0 2 .1 6 .1 9 1 5 .6 » 0 4 - 6 7 0 1 - 6 8 0 2 - 6 8 0 ^ - 6 8 0 4 - 68 0 1 - 69 QUARTER P - PRELIMINARY PREPARED BY FEDERAL RESERVE BAS< OF S T. LOUIS JULY 1 7 , 1 96 9 FINAL SALES IN CONSTANT DOLLARS CUMPUUNUfcU ANNUAL K A It b Uh LHANüc 1 N 1I1A L U U A K ItK TETHMKflt QUARTFR tr 2 = 6 ir C 3-6 V 0 4 -6 4 “ 0 1 -6 5 0 2 -6 5 03—65 C 4 -6 5 U l- 6 6 —oj=6w ~ 6 .1 0 4 -6 U 3 .0 58 1.Ü 5 8 C .9 ..1 T .7 " 0T-5"5 ' 5 .2 0 3 -6 5 5 .8 ÖIT-63" ~ "5V3" 6 .4 5 9 1 .7 7 .7 " 7 .4 0 2 -6 5 0 1 -6 6 ■5T7-....- 7 T T ~5~.T -e ra * 6 . 5 .....7 . 8 ... 5_ T 0 4 -6 6 “ r n = s 7 .. 5 .2 .....V . T ^ V3 6 0 2 .1 7 .2 7. 7 ■8-.1 8 .1 ■0V6 7 .9 U2-6T5----- ..T77" ----- 5T7"----- C TT— ■b t it 0 5 -6 6 T .T 6 1 4 .0 “ BTT 5 .o ......U.C .0 5 . 7 ....." 4 . 7 3 .4 6 .2 o 3 ^ .o 6 4 9 .1 6 .1 6 . IT ..... ^ 7 ” 5~.T 5 .T 5 . 5 .....T . 2 4 .6 " " T .5 " 2 .3 3 ;i .3 b .b n r r ......T i'T 3 .1 3 .4 i.b 4 .2 3 .6 -TT.T» 3 .8 5 .6 5 .8 3 .9 5 .4 3 .9 373 4".4 3 .9 377" 3 .2 5 .6 3 . if 3 .9 3 .4 ¿*0 z .5 4 .5 4 .1 4 .6 4 .3 ¿ .2 5 .1 4 .9 6 .4 T . Ü ' .... V7T' "~ ir;3 4 .U V7V T .l 4 .8 4 .7 4 .4 5V2~ 6 .6 2 *9 .... UTB....... 577 6 .3 4 .2 5 7 T ..... 5". T T .ü " ~5T2” 5 .T 5 . 5 .....T . 3" 1*79 5 .4 " 5 . T " ” U .9 u 4 -6 t "4 .^ 4 .9 ... 4T5' TT .T .... 4 .8 "U .T O ra 6 T72 ’5 . 1 .... 5 . T 0 2 -6 8 5 .Ö 0 5 -6 8 5 . 1 ... "3 “ a — 3 7 r 0 4 -6 8 « .9 TT.8 " 4 .3 ' U .9 T .8 575 ‘ 63 8 . U 7 .3 T .F 5 .Ò 0 1 -6 9 62 7 • 3 9 .C 5 .7 Ö T -67 02= 67 U ^ -6 6 U^-t>6 U4—bb U l - b l U Z -O f B IL L IO N S OF i ^ ö UULLAna ANNUAL RATES U 5 -Ö / 0 4 —"67 01—68 0 2 - 6 8 0 3 - 6 8 UU*-o o .....5 *■r 5VÖ - __ _5 _ v 5 . T ..... 5 ".7 4 .9 4 .8 5 .r 4 .9 4 .8 5 .1 4 .9 ' 5 . 2 ......TSi U U . l ......T . T ....¥13 ~nm . 8"..... 6 4 9 .5 6 5 8 .0 )« i u ; 9 ‘...... r . 8 6 6 7 .4 6 T C .T ' 2."Ö 6 7 4 .8 6 9 1 .8 1 0 .5 6 9 6 .8 5 *6 706. 3 7 0 9 .ü ~472" 3 .9 t ; '7 U.Ü 4 .5 4 .4 4 .1 4 *5 5 .1 3 *3 3 .5 1 .5 U .2 4 .0 U .3 U .l U .5 U.U 4 .2 4 .6 § .ö 3. Y 3 .9 3.1' U.7 717.2P 02 -6 4 03 -6 4 0 4 -64 0 1 -6 5 C2-65 0 3 -6 5 0 4 -65 01 -6 6 0 2 -6 6 03 -6 6 0 4 -6 6 0 1 -6 7 0 2 -6 7 0 3 -6 7 0 4 -6 7 0 1 -6 8 0 2 -6 8 0 3 -6 8 ou -6 8 DigitizedP for FRASER - PRELIMINARY IN IT IA L QUARTER W tfe F W E D T rr T EPE R ll ""KEM-RV r TO JK "ü r T T r X DUTS' JULY 2 2 , 1 969 11 Final Sales Total Spending Less Changes in Business Inventories Ratio S c a le Billions of Dollars 1000 450 1961 1962 Ratio S c a le Billions of D ollars 1000 Q u a rte rly Totals a t A nnual Rates Seasonally Adjusted 1963 1964 1965 1966 1967 1968 1969 Source: U.S. Department of Commerce Percentages are annual rates of change between periods indicated. They are presented to aid in com paring most recent developm ents with past "trends.” Latest d a ta plotted:C urrent-2nd q u a rte r prelim inary; Constant-lst qua rter p re lim in a ry Prepared by Federal Reserve Bank o f St. Louis 450 12 ■■ ÆflusMMü t i r r § .m o f « >----------- COMPOUNDED ANNUAL RATES OF CHANGE TERMINAL IN IT IA L MONTH 1 9 5 7 -5 9 / 100 HONTH__________________________________________________________________________________________________________________________________________________________________ 10 -67 11-67 1 2 -6 7 0 1 -6 8 0 2 -6 8 0 3 -6 8 0 4 -6 8 0 5 -6 8 0 6 -6 8 0 7 -6 8 0 8 -6 8 0 9 -6 8 10 -68 11-68 1 2 -6 8 0 1 -6 9 0 2 -6 9 0 3 -6 9 0 4 -6 9 11 -6 7 3 .1 11 7 .8 1 2 -6 7 3 .6 4 .2 0 1 -6 8 3 .8 *».1 4 .1 0 2 -6 8 3 .9 4 .1 4 .1 4 .2 0 3 -6 8 4 .1 4 .4 4 .5 4 .7 OU—68 4 .1 *».3 4 .4 4 .5 4 .6 4 .1 0 5 -6 8 4 .1 4 .3 4 .3 4 .4 4 .4 4 .1 4 .1 0 6 -6 8 4 .4 4 .6 4 .6 4 .7 4 .9 4 .8 5 .1 6 .2 0 7 -6 8 4 .6 4 .8 4 .8 5 .0 5 .1 5 .1 5 .5 6 .1 6 .1 0 8 -6 8 4 .5 4 .7 4 .7 4 .8 4 .9 4 .9 5 .1 5 .4 5 .1 0 9 -6 8 4 .4 4 .5 4 .5 4 .6 4 .7 4 .6 4 .7 4 .8 4 .4 3 .5 3 .0 1 0 -6 8 4 .6 4 .7 4 .8 4 .9 5 .0 4 .9 5 .1 5 .3 5 .0 4 .7 5 .0 7 .1 11-68 4 .6 4 .8 4 .8 4 .9 5 .0 4 .9 5 .1 5 .2 5 .0 4 .8 5 .0 6 .1 5 .0 12 -68 4 .5 4 .6 4 .7 4 .7 4 .8 4 .7 4 .8 4 .9 4 .7 4 .4 4 .5 5 .0 4 .0 2 .9 0 1 -6 9 4 .5 4 .6 4 .6 4 .6 4 .7 4 .6 4 .7 4 .8 4 *6 4 .3 4 .4 4 .7 4 .0 3 .4 3 .9 0 2 -6 9 4 .5 4 .6 4 .6 4 .7 4 .7 4 .7 4 .7 4 .8 4 .6 4 .4 4 .5 4 .8 4 .2 3 .9 4 .5 5 .0 0 3 -6 9 4 .8 4 .9 5 .0 5 .0 5 .1 5 .1 5 .2 5 .3 5 .2 5 .1 5 .3 5 .6 5 .4 5.*» 6 .3 7 .5 1C« 1 0*1-69 5 .0 5 .1 5 .2 5 .2 5 .3 5 .3 5 .4 5 .5 5 .5 5 .4 5 .6 6 .0 5 .8 5 .9 6 .7 7 .6 9 .0 7 .9 0 5 -6 9 4 .9 5 .0 5 .1 5 .1 5 .2 5 .2 5 .3 5 .4 5 .3 5 .3 5 .4 5 .7 5 .5 5 .6 6 .1 6 .7 7 .3 5 .9 1 1 8 .2 1 1 8 .6 1 1 9 .0 11 9 .5 5 .2 1 1 9 .9 12 0 .3 120*9 1 2 1 .5 4 .0 121 «9 122*2 1 2 2 .9 1 2 3 .4 Î2 3 .7 12 4.1 1 2 4 .6 1 2 5 .6 126*4 3 .9 1 2 6 .8 1 0 -6 7 11-67 1 2 -67 0 1 -6 8 0 2 -6 8 03 *68 0 4 -6 8 0 5 -68 0 6 -6 8 0 7 -6 8 08*68 0 9 -6 8 1 0 -68 11-68 1 2 -6 8 0 1 -6 9 0 2 -6 9 0 3 -6 9 0 4 -6 9 I N I T I A L MONTH * NCT SEASONALLY ADJüSTEC PREPAREO BY FEDERAL RESERVE 8AMK OF ST. LOUIS JUNE 2 4 . 1969 WHOLESALE PRICES. ALL COMMODITIES # COMPOUNDED ANNUAL RATES CF CHANGE TERMINAL IN IT IA L MCNTH 1 9 5 7 -■59 / 100 MCNTH 1 1 -6 7 1 2 -6 7 0 1 - 6 8 C 2 -6 8 C 2 -6 8 0 4 -6 8 C5-68 0 6 -68 1 2 -6 7 7 .0 0 1 -6 6 *>.8 4 .6 C 2 -6 8 7 .0 6 .9 0 3 -6 8 5 .h 5 .4 5 .7 2 .2 OU—68 *4 • b 4 .3 4 .2 1 .7 05 -6 8 4 .4 3 .9 2 .7 1 .9 1 .7 2 .2 0 6 -6 8 4 .1 3 .6 2 .4 2 .0 1 .9 2 .2 2 .2 0 7 -6 8 4 .1 3 .7 2 .6 2 .5 2 .5 2 .C 3 .4 07 -68 0 8 -6 8 0 9 -6 8 1 0 -6 8 11.-6 3 1 2 -6 6 0 1 - 6 9 C 2 -6 9 0 3 - 6 9 0 4 - 6 9 0 5 - 6 9 1 0 6 .« T ûT . 2 S. ? ic e .o 1 0 8 .2 l.l 10«. 3 1 0 8 .5 108.7 4 .5 0 8 -6 8 3 .2 2 .7 2 .4 1 .2 l.l 1.1 .7 .0 0 9 -6 8 3. ? 2 .9 2 .7 1 .8 1 .7 1 .8 1 .7 1 .5 IC 9 .1 4 .3 .0 108.7 4 .5 IC 9 .1 10-68 3 .0 2 .6 2 .4 1 .5 1 .4 1 .5 1 .3 1.1 .0 2 .2 .0 11-68 .3.2 2 .9 2 .7 2 .0 2 .0 2 .1 2 .0 2 .0 1 .4 3 .4 2 .8 5 .7 12 -68 3 .1 2 .8 2 .7 2 .0 2.C 2 .1 2 .1 2 .0 1 .6 3 .1 2 .6 3 .9 2 .2 0 1 -69 3 .6 3 .4 2 .3 2 .7 2 .8 3.C 2 .1 3 .2 3 .0 4 .5 4 .5 6 .0 6 .2 1 0 .3 0 2 -6 9 .3. 7 3 .4 2 .4 2 .9 2 .9 3 .1 3 .2 3 .3 3 .2 4 .5 4 .5 5 .6 5 .6 7 .3 4 .4 0 3 -6 9 3 .9 5 .7 i.é 3 .2 3 .2 3 .4 3 .6 3 .7 3 .6 4 .8 4 .8 5 .8 5 .9 7 .1 5 .5 IC 9 .1 109.6 10 9.8 1 1 C .7 111.1 6 .7 111.7 0 4 -6 9 3 .a 3 .6 3 .5 3 .1 3 .2 3 .3 3 .4 3 .5 3 .4 4 .5 4 .4 5 .2 5 .1 5 .9 4 .4 4 .4 2 .2 0 5 -6 9 4 .1 3 .9 2 .9 3 .5 3 .6 2 .8 4 .0 4 .1 4 .1 5 .1 5 .1 5 .9 5 .9 6 .7 5 .8 6 .2 6 .1 IC .l 0 6 -6 9 *4.1 4 .0 3 .9 3 .6 3 .7 3 .9 4 .0 4 .1 4 .1 5 .0 5 .0 5 .7 5 .7 6 .3 5 .5 5 .8 5 .5 7 .2 11 1.9 112.8 4 .4 113.2 11-67 1 2 -6 7 0 1 -6 8 0 2 -6 8 C 3-68 0 4 -6 8 C 5-68 06 -68 0 7 -6 8 08 -68 0 9 -6 8 1 0 -68 11-68 1 2 -6 8 0 1 -6 9 0 2 -6 9 0 3 -6 9 0 4 -6 9 0 5 -6 9 SEASONALLY AOJLSTEC Digitized♦ forNCT FRASER IN IT IA L MONTH PREPARED BY FEDERAL RESERVE PAH K OF ST. LOLIS JULY 9 , 1969 13 Prices Ratio Scale 1957 59=100 - Ratio Scale 1957 59=100 - Source*. U.S. D epartingnt of Labor Percentages are annual rates o f change between periods indicated.They are presented to aid in comparing most recent developm ents w ith past "tre n d s." Latest data plotted: Consumer-May; W holesale-June Prepared by Federal Reserve Bank of St. Louis 14 COMPOUNDED ANNUAL RATES OF CHANGE TERMINAL 195 7 -59 / IN IT IA L MONTH 100 MCNTH 11-67 1 2 -67 01 *6 8 10 2*68 C3-68 0 4 - 6 8 C 5-68 0 6 **8 0 7 -4 8 08*68 0 9 *6 8 10*68 11*68 12 *6 8 01 *69 02 *6 9 0 3 *69 0 4 -6 9 0 5 -6 9 1 2 -6 ? 3 .4 0 1 -6 8 4 .C 4.6 0 2 -6 8 4 .6 5 .1 5 .7 0 3 -6 8 4 .3 4 *6 4 .5 3 .4 0 4 -6 8 3 .9 4 .0 2 .8 2 .8 0 5 -6 8 2. 8 2 .7 2 .2 1 .1 .C 10 7.4 107.8 108.3 108.6 2 .2 1 0 8 .8 2 .2 - 1 0 8 .6 0 6 -6 8 2 .7 2 .6 2 .2 1 .4 .7 #C 2 .2 0 7 -6 8 2 .4 2 .3 1.9 1*1 .6 •0 1.1 .0 0 8 -6 8 2 .3 2 .1 1.8 1 .1 .7 . 2 l.l .6 1.1 0 9 -6 8 2 .4 2 .2 2.C 1 .4 I.1 .9 1 .7 1 .5 2 .2 3 .3 1 0 -6 8 2 .7 2 .6 2 .4 2 .0 1 .7 1 .7 2 .5 2 .5 3 .4 4 .5 1 1 -6 8 2 .6 2 .5 2 .3 2 .0 1 .8 1 .7 2 .4 2 .5 3 .1 3 .7 3 .9 2 .2 12-6 8 2 .7 2 .6 2 .4 2 .1 2.C 1 .9 2 .5 2 .6 3 .1 3 .6 3 .7 2 .8 3 .3 0 1 -6 9 3 .0 3 .0 2 .9 2 .6 2 .6 2 .6 3 .2 3 .3 3 .9 4 .5 * .7 4 .4 5 .6 7 .9 02-6 9 3 .2 3 .2 2.1 2 .9 2 .8 2 .9 3 .5 3 .6 4 .1 4 .7 4 .9 4 .7 5 .6 6 .7 5 .6 0 3 -6 9 3 .4 3 .4 2 .2 3 .2 3 .1 3 .2 3 .8 3 .9 4 .5 4 .9 5 .2 5 .1 5 .8 6 .7 6 .1 6 .7 3 .3 2 .2 3 .0 3 .C 3 .C 3 .5 3 .7 4 .1 4 .4 4 .6 4 .4 4 .9 5 .3 4 .4 2 .8 l. l 3 .8 4 .1 4 .2 3 .9 4 .2 4 .4 3 .6 2 .9 l. l l.l 3 .4 3 .7 3 .7 3 .4 3 .6 3 .7 2 .8 2 .2 .7 .5 0 7 -6 8 0 8 * 6 8 0 9 *6 8 1 0 *6 8 1 1 -6 8 0 4 -6 9 3 10 8.8 0 5 -6 9 3 .2 3 .1 2 .1 2 .9 2 .e 2 .9 3 .3 3 .4 C 6 -6 9 ? .0 3 .0 2 .9 2 .7 2 .6 2 .7 2 .1 3 .1 1 1 -6 7 1 2 -6 7 0 1 - 6 8 C2—68 C 2 -6 8 0 4 -6 8 C 5 -6 8 0 6 *6 8 10 8 .8 1 0 8 .9 109.2 5 .7 10 9.7 10 9.9 1 1 0.2 11C.9 1 2 -6 8 0 1 - 6 9 1 1 1 .4 1 1 2 .0 1 1 2 .1 1 1 2 .2 .0 1 1 2 .2 C 2 -6 9 0 3 - 6 9 0 4 - t 9 0 5 -*69 IN IT IA L MCNTH ♦ NCT SEASONALLY ACJLSTFC PREPARED BY FECERAL «ESEXVE BANK OF ST . L0L1S JULY 9 • 1969 WHCLESALÜ PRICES - FARM PRODUCTS.AND PROCESSED FCODS AND FEfcCS COMPOUNDED ANNUAL RATES CF CHANGE 195 7- 59 / I N IT IA L MCNTH TEKPINAL PCNTH 11-67 1 2 -6 7 0 1 -6 8 C 2 -6 8 C 2 -6 8 0 4 -6 H C 5-6 8 0 6 -6 8 0 7 -6 8 0 8 * 6 8 0 9 * 6 8 12-6 7 1 0 *6 8 1 1 .6 5 .9 13.«» 1 2 .0 U .5 0 3 -6 8 1 0 .5 8 .3 9 .5 105. 3 1 0 6 .9 1 .1 1 C 6 .6 3. 1 5 .8 5 .8 .0 l.l- 0 5 -6 8 8 .9 7 .3 7 .6 4 .2 5 .7 0 6 -6 8 7 .8 6 .2 6.3 3 .4 4 .2 6 .9 1.1 07-6« e.e 7 .6 7 .9 6 .0 7 .2 1C.1 8 .6 5 .6 4 .2 2 .9 1 .7 l.e 2 .6 0 9 -6 8 6. 1 4 .9 4 .7 2 .9 3 .2 4 .1 2 .0 2 .3 4 .3 * 1 0 -6 8 4 .2 3 .0 2 .7 .8 .8 1 .1 1 .1 * 1 .7 - 7 .1 * 1 .7 * 1 2 .5 - 1 1 -6 8 4 .7 5 .7 2 .4 1 .9 2 .0 2 .4 .7 .7 3 .0 * 2 .3 1 2 -6 8 4 .5 3 .4 2 .2 1 .8 1 .9 2 .3 .8 .7 2 .2 * 2 .0 0 1 -6 9 5 .« 4 .4 4 .3 3 .1 3 .3 2 .8 2 .7 2 .9 .7 4 .7 0 2 -6 9 5 .1 4 .2 4 .1 3 .0 3 .2 3 .6 2 *6 2 .8 .9 0 3 -6 9 5. 4 4 .5 4 .4 3 .4 3 .6 4 .0 3 .1 3 .4 0 4 -6 9 5 .1 4 .3 4 .2 3 .3 3 .5 2 .8 3 .C 3 .2 0 5 -6 9 6 .8 6 .2 6 .2 5 .4 5 .8 6 .3 5 .8 6 .2 5 .2 8 .0 7 .7 1 0 .9 0 6 -6 9 7 .2 6 .7 e .7 6 .1 6 .4 6 .9 6 .5 7 .0 6 .1 8 .8 8 .6 1 1 .5 1 00 02—69 C 5 -6 9 0 4 -6 « 05«- 6 9 1 0 6 .8 0 4 -6 8 CO 1 2 -6 8 0 1 - 6 9 100 1 0 4 .8 0 2 -6 8 o 11—68 1 7 .5 0 1 -6 8 0 * 1 3 .1 IC 7 .9 .7 - ice.o 16 .7 1 0 9 .4 1.6- • 1 7 .1 - 1 C 7 .7 1 0 .5 1 0 8 .6 10 7.4 1 .6 * 10 .6 .7 - 1 0 8 .3 5 .7 l.l 3 .4 9 .3 8 .6 1 6 .6 4 .3 3 .1 7 .4 6 .4 9 .2 2 .2 1 .8 4 .8 3 .9 7 .5 6 .8 8 .8 5 .0 7 .9 1 .8 4 .5 3 .7 6 .6 5 .9 7 .1 4 .1 5 .0 2 .2 ll. O 1 3 .1 1 2 .2 1 5 .8 1 9 .9 4 C .7 11.7 1 3 .5 1 2 .9 1 5 .8 1 8 .5 2 7 .6 11-6 7 12-67 C l- 6 8 0 2 -6 8 C l- 6 8 0 4 -6 8 C 5 *6 8 0 6 * 6 8 0 7 * 6 8 0 8 * 6 8 0 9 * 6 8 1 0 8 .4 1 0 9 .8 H C .O 1 1 0 .7 1 1 0 .9 1 1 4 .1 1 5 .7 1 1 5 .5 10*68 1 1 -6 8 1 2 -6 8 C l- 6 9 0 2 - 6 9 C3—69 0 4 - 6 9 05 - 6 9 IN IT IA L MCNTH ♦ NCT SEASONALLY ADJLSTEC PREPARED BY FEDERAL RESERVE PANK OF ST. L O U S JULY 9 , 1969 15 •A* *md b I M m l Iium h AccmhIi $•»«•«U.S. Department of Commerce Percentages ore annual rates of change between periods indicated. They are presented to aid in comparing most recent developments with past “trends.” 2nd quort»r pr.Hminory IM P L IC IT f’ - ilC r DEFLATOR FOR GROSS NAT IPNAL PRODUCT Cn^POUMDtO ANNUAL RATES OF CHANCE V IM L QUARTER 0;;-6 * i 0 4 -6 4 0 4 -6 4 0 l- o 5 0 2 -6 5 0 ' —65 0 4 -6 5 0 1 -6 6 0 2 -6 j 1 .9 2 .o 2 .2 0 2 -6 5 2 .0 2 .0 I. 0 5 -6 5 1 .7 1 .7 1 .5 l.l 0 4 -6 5 1 1 .7 1 .6 1 .5 l.tf D l- 6 6 2 .C 2 .0 2 .0 2 .1 2 .5 3. 0 2 -6 6 •» 0 3 -6 6 0 4 - 6 6 0 1 -6 7 0 2 -6 7 0 5 -6 7 0 4 -6 7 0 1 -6 8 1 1 0 .2 110. 7 lll.O 1 1 1 .5 * 1 1 2 .4 2 .3 2 .U 2 .4 2 .5 3 .0 S .6 4 .0 2 .5 2 .5 2 .6 2 .7 5 .2 3 .6 ?.a 3 .6 Oh - 6 6 2 .5 2 .6 2 .7 2 .8 5 .2 3 .5 5 .6 3 .4 1 1 3 .5 114. ; 1 1 5 .4 3 .2 0 1 -6 7 2 .6 2 .6 2 .7 2 .3 3 .1 3 .4 3 .U 3 .2 3 .0 2 .8 0 2 -6 f 2 .5 2 .6 2. 7 2 .8 3 .0 3 .2 3 .2 3 .0 2 .8 2 .6 1 1 6 .2 1 1 6 .9 2 .4 0 5 -6 7 2. ? 2 .* 2 .« 2 .9 3 .2 3 .3 3 .4 3 .2 3 .1 3 .1 3 .3 4 .2 0 4 -6 7 2 .8 2 .9 ¿ .0 3 .1 5 .3 3 .5 3 .5 3.!» 3 .4 3 .5 3 .7 4. 5 4 .5 0 1 -6 8 2 .9 5 .0 5 .0 3 .1 3 .3 3 .5 3 .5 3 .5 3 .5 3 .5 3 .7 4 .1 4 .1 3 .7 0 2 -6 8 7.0 5 .0 -'.I 3 .2 3 .U 3 .6 3 .6 3 .6 3 .6 3 .6 3 .8 4 .1 4 .1 3 .9 2 .0 i e1 2.? 3 5 i ‘U U 1 5 .2 3 .2 3. 0 1- 6 9 *:.2 5 • .s 3 .4 02-6 9 ' ♦/ s.i» 5.14 05 - 6 4 OU-r t. 01 - o i ft 0 -6 6 .)5 -6 « -6 b 02-# t 0 - t 'B lo o 1 0 9 .6 0 1 -6 S ' 1958 / I N I T I A L QUARTER 0 4 -6 4 1 1 9 .4 1 2 0 .5 1 2 1 .7 4 .0 3 .5 3 .6 3 .6 3 .6 3 .6 3 .7 3 .8 4 .1 4 .1 3 .9 4 .0 4 .0 3 .5 3 .7 * .7 3 ./ 3 .7 3 .7 3 .9 4 .1 4 .1 4 .0 4 .1 4 .2 »1. * 3 .5 3 .6 3 .£ 3 .8 3 .3 3 .8 3 .9 4 *0 4 .2 M .3 4 .2 4 .3 4 .4 4 .6 3 .5 3 .7 3 . ft 3 .9 3 .9 3 .9 4 .0 4 .1 4 .3 4 .3 4 .3 4 .4 4 .5 4 .7 I-. » »•. ) •> 0 5 -6 5 0 4 -6 5 0 1 -6 7 0 2 -6 7 0 3 -6 7 0 4 -6 7 0 1 -6 8 0 2 - 6 8 0 > 6 8 04-» o 01 —*>9 0 1 -6 5 0 2 - 6 O FRASER O ft I VI AUv Digitized3 for 1 1 8 .1 ~ 0 1 -6 6 0 2 -6 6 0 3 -6 6 0 4 - 6 6 1 2 2 .9 1 2 4 .2 * 1 2 5 .7 1 2 7 .2 ’ I N I T I A L QUARTER PREPARED BY FEQr RAL *ES <V£ t AH'. f)F ST. LOUIS JULY 17* 1969 Inventories Compared With Monthly Sales 3 M anufacturing and Trade 1.72 172 1.64 1.40 1.36 1.36 1956 1957 1958 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 *Ra*ics based on seasonally adjusted do a. Source: U.S. Departm ent of Commerce Shaded areas represent periods of busings recessions as defined by the National Bureau of Economic Research. Latest data plotted: M ay Prepared by Federal Reserve Bank of S\ Louis
@FedFRASER