Full text of National Economic Trends : July 1980
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nmioniL economic treads P R E P A R E D M o n th E n d in g : T h e 9 .1 p e rc e n t c o m in g r e a l in to G N P th e th e a Ju n e n a t i o n ’s a n n u a l h a lt q u a rte r g ro s s W a r o f T h e s e in n a tio n a l p r o d u c t, th e o f n s e c o n d ro s e fir s t B A N K s h a r p ly a t a 1 0 .4 c u rre n t n e g a tiv e fo r in q u a rte rs th e r a te . R e a l G N P p r iv a te F ix e d in G o v e rn m e n t N e t T h is G N P d o m e s tic in v e s t m e n t in v e s t m e n t C h a n g e a n d e x p e n d itu r e s o f q u a rte r q u a rte r 1 9 7 5 , in th e o f d e c lin e to 1/1975 A n n u a l d o lla r s $ r a te 0.6 % 2 .3 10.6 — 1 0 .4 w a s ta b le : B illio n s 0 . 4 % - 2 8 .1 - 9 J - 9 . 4 4.3 2 .3 - 1 5 .9 - 2 7 .8 - 3 6 .0 - 6 1 .3 - 1 7 .9 - 3 0 .9 - 9 . 8 - 2 1 .9 2.0 - 9 .0 - 2 6 .2 g o o d s 0.6 e x p o rts 1.0 2.6 0 .9 — 4 .3 1.6 — E x p o rts - 3 .0 - 8 .8 - 4 .5 - 1 7 .8 Im p o r t s - 7 .3 - 2 4 .7 -7.1 - 3 2 .4 c o m p a r is o n w a s in d ic a te s a n d in c r e a s e d in p e r io d s , e x p o rts . F u rth e rm o re , m o n e ta ry b o th d e c lin e m a in G N P . in n u m b e r o f o f b o th p a r a lle ls . in c r e a s e r e f le c tin g a in d e c lin e q u a rte rs d iff e r e n c e F ir s t q u a rt« * p e rs o n a l a c c u m u la t io n a in b y s u r p r is e b u s in e s s e s in th e 1975 In p r ic e s in w e re q u a rte r re tre n c h m e n t b o th w a s q u a rte rs , o v e r r e a l im p o r ts p re c e d e d s in c e q u a rte rs d o m in a te d e x p e n d itu r e s 1 9 7 4 . o f tw o w a s c o n s u m p t io n fo u rth m a rk e d a r a te b y 10 th a t a g ro w th p e rc e n t. in e x c e e d e d s h a rp n o m in a l N e t e x p o rts th a t o f r e a l d e c e le r a tio n in g ro w th . T h e r e a l th e in d e c lin e w h ic h IV / 1 9 7 4 o f a r e c e s s io n . fo llo w in g ra te a t e s s e n t ia lly - 2 2 .9 s e r v ic e s m in u t e in d e c lin e d G N P - 3 3 .9 b u s in e s s in v e n t o r ie s p u rc h a s e s s e c o n d 1980 q u a rte r- to - q u a rte r A n n u a l 2 .6 3 1, d o lla r s , n o m in a l n / 1 9 8 0 — d e fla to r Ju ly in it ia l q u a rte r c o m p a re d to 1972 f ir s t th e d o lla r s $ N o m in a l G N P G ro s s L O U I S in T h e to m a rk s a re in s h a rp e s t B illio n s o f P e r s o n a l c o n s u m p t io n ST. g ro w th c o n tra s t d e c lin e 1/1980 G N P O F m e a s u re d w ith p e rc e n t 197 5 H o w e v e r, th e a s q u a rte r, q u a rte r p e r io d . r e c e s s io n , tw o R E S E R V E R e le a s e d : p r ic e s th a t F E D E R A L 1 98 0 r a te w h ile m a tc h e d p o s t- W o r ld la s t 3 0 , B Y T h e m o s t c o n s u m p t io n in v e n to r ie s ro s e o n ly is b y a n d re c e n t in th e a s h a rp q u a rte r , e x p e n d itu r e s , s lig h t ly . c o m p o s itio n in v e n to r y o f d e p le tio n , in c r e a s e cm w h ic h th e th e c h a n g e fo llo w in g in o th e r a in v e n to r y h a n d , a p p a r e n t ly d id w a s n o t TOTAL C I V I L I A N EMPLOYMENT CÜMPÜUNÜÎÉÔ ANNUAL *A T E5 “ ÖF CHANGE 6-80 0*5 0.5 0*3 0*0 -0*1 11-78 12-78 1-79 2-79 3-79 • tt* tnitiâî 4-79 TH OU SA NOS Of PfcRSONS :i ö r m 0*0 -0.1 -0.7 -0.6 -1.3 -1.4 -1.9 -2.8 -3.1 -4.3 —4.5 -3.8 A *5.4] 5-79 6-79 7-79 8-79 9-79 10-79 11-79 12-79 1-80 2-80 3-80 4-80 5-80 96*537 INITIAL MONTH _____________P A Y R O L L E M P L O Y M E N T ____ COMPOUNDED ANNUAL RATES OF CHANCE TERMINAL HPHTH THOUSANOS OP PERSONS INITIAL MONTH 11-78 12-78 4*5 1-79 4*3 12-78 1-79 2-79 3-79 4-79 3-79 4-79 7-79 8-79 9-79 10-79 11-79 12-79 1-80 2-80 3-80 4-80 5-80 88*567 8 8 «858 4.0 89*109" 2-79 4.0 3.7 3*4 3-79 4*2 4*1 4.1 4# 8 3*1 2.» 2*4 1*9 897455 89*386 -0.9 89*708 89*909 90*054 90*222 90*283 90*441 90*552 90*678 91*031 91*186 91*144 4-80 2.2 2.0 1.9 1.8 1.5 1.8 1.5 1.4 1.3 1.2 1.3 1.1 T a 0.9 -0.4 -1.5 -2.5 5-80 1.8 1.6 1.5 1.3 1.1 1*3 1.0 0.8 0.7 0.6 0.5 0.3 0.1 -0.2 -1.4 -2.5 -3.5 —4.5 6-80 1*3 1.1 1.0 0.8 0.6 0.7 0.4 0.2 0.0 -0.2 -0.3 —0.6 -0.9 -1.3 -2.5 -3.6 -4.6 —5.6 —6.6j I-?? 2-79 3-79 4-79 5-79 6-79 7-79 8-79 9-79 10-79 U-79 12-79 1-80 2-«0 3-80 4-80 5-80 JUL-78 K - n 90*951 90*602P 90*088P INITIAL MONTH P- PRELIMINARY ‘ - R E V IS E D F RO M 1975. P REPA RED B Y FED ERA L R E S E R V E BANK OF S T . J U L Y 7 * 1980 2 L O U IS EMPLOYMENT RATIO SCALE MILLIONS RATIO OF SEASONALLY ADJUSTED PERSONS MILLIONS OF ♦ ?! t $ 1 $ Ì 5 (l SCALE PERSONS » 10 \ I I 5 * 5: I 10 105 1 0C? 1 105 1 ?! af 100 \ TOTAL- 95 100 > s -4.3Z •*3 J 5 y ^ ^*90. 1 90 >0. 9Z ?z 85 90 -3.6Z y.A t y ............ 3Z Y 85 x >/. 4Z 80 95 * 2 . /Z 80 +4.1 75 V 75 PAYI* O L l * c^ 70 70 * * * * ? % £ ♦ * I i ♦ 65 t 1972 1973 1974 1975 1976 !977 1978 SO U RCE: P ER C EN T A G ES ARE ANNUAL R A T ES OF CHANCE FOR P E R IO O S LA T E ST * OATA PLOTTED» R E V IS E O * * t t 1980 t 1979 U .S .D E P A R T M E N T 65 OF LABOR IN D IC A T E D . JU N E P R E L IM IN A R Y FROM 1075. P R EP A R E O BY FE D E R A L R E S E R V E BANK OF S T . L O U IS UNEMPLOYMENT RATE SEASONALLY PERCENT ADJUSTED PERCENT 9. 9.0 8. 8 .0 \ 0 6. 6 .0 5. 5.0 I. 4.0 3. 3.0 > .0 1972 1973 1974 1975 1976 1977 1978 SO U RCE: PERC EN T LA T E S T OF C I V I L I A N DATA PLO T T ED : U .S . 1979 1980 DEPARTMENT OF LABOR LABOR FORCE JU N E PREPARED BY FED ER AL RES ER VE BANK OF S T . L O U IS 3 CONSUMER P R IC E IN D EX v SEASONALLY A DJUSTED * COMPOUNDED ANNUAL RATES OF CHANGE 1967*100 INITIAL MONTH 2— 79 3-79 4-79 5-79 6-79 7-79 0-79 9-79 10-79 11-79 12-79 1-80 2-00 3-80 4-80 5-60 203*5 205. 5 207.7' 209.9 2 1 2 .0 “ 214.1 216.4 218*7 " 220.9 223*4 225.6 227.9 230^7 234.0 2— 0 0 13*7 14.0 14*2 14*2 14*3 14*4 14*6 14.0 14.9 15.3 15*5 16*2 1 7 *3 10*1 17*7 3-80 14*0 14*3 14*5 14.5 14*6 14*8 15*0 15.1 15.3 15.7 15*9 16*6 17*5 18*1 17*9 237*2 240*5 10.0 4-80 13*9 14*2 14*3 14.3 14*4 14*5 14.7 14.0 15.0 15*2 15*3 15*0 16*4 16*6 15*9 15.0 12.1 5-80 13*7 14*0 14*1 14.1 14.1 14.2 14.4 14.5 14.5 14.7 14*0 15*1 15.5 15*4 14*6 13.6 11.5 10.9 244*9 6-80 13*6 13*0 13*9 13*9 13.9 14*0 14.1 14.2 14.2 14*4 14*4 14*6 14.9 14.7 14.0 13.1 11.4 11.1 247*1 11-70 12-70 J-7? g-7? 3-79 4-79 6-79 7-79 8-79 9-79 19-29. 1 1 - 7 9 12-7? 1-00 ..fcM ~242*0 ?-99 -4t 90 INITIAL MONTH «CPI-W FOR U R B A N WAGE EARNERS AND CLERICAL WORKERS PREPARED »V FEOERAL RESERVE BANK OF ST. LOUIS ♦JULY PROD U C t R PRICE INDEX* FINISHED G O OOS - SEASONALLY __________ C O M P O U N D E D ANN U A L R A T E S OF C H A N G E 23» 1900 ADJUSTED 1967 » 100 INITIAL MONTH -Tf fl HINAL MONTH IP ? * 7 205*2 207*4 209*4 211*1 2 12*1 213*4 215.9 218*3 221.5 223*9 226*6 228.5 232*2 235*5 238*6 3-80 13.9 13.9 13.8 13.8 13.9 14.3 15*2 16*0 16*2 16.5 16.0 16.S 16.7 18*9 17*7 4-80 13.4 13.4 13.3 13*2 13*3 13*6 14.3 15.0 15.0 15.1 14.6 14.7 14.6 15.6 1 3 . 7 _J 1 . 5 ____6 5-80 12.8 12.8 12.6 12.5 12.6 12.7 13.3 13.9 13.8 13.7 13.1 13.0 12.6 13.0 11.0 8.6 6-80 12*7 1 2 .6 12.*» 1 2 .4 1 2 .* 1 2 .5 1 3 .1 1 3 .5 1 3 .4 1 3 .3 1 2 .7 1 2 .6 1 2 .2 1 2 .4 1 0 .8 8 .9 11—7tt 12-78 1-79 2-7 9 3-79 4 -7 9 5-79 6-79 7-79 8-79 10-79 11-79 12-79 1-8 0 2-80 IN IT IA L 9-7 9 17*0 239.8 240.4 4 242.3 3 -8 0 4 -8 0 5-80 MONTH PREPA REO BY FED ERA L R ESE R V E JU L Y 8» 1980 4 BANK OF S T . L O U IS RATIO P R IC ES SCALE 1 967- 100 260 1972 RATIO 1973 1974 1975 1976 1977 SCALE 1967- 100 S E A S O N A LLY A O JU S TE D 260 1978 1979 1980 I L P P I-U FOB A LL URBAN CONSUMERS B .C P I - * FOR UR8AN VAGE EARNERS AND C L E R IC A L WORKERS PERCENTAGES ARE ANNUAL RATES OF CHANGE FOR PER IO D S LA TE S T DATA PLO TT ED . IN D ICAT E D . JUNE PREPARED BY FEDERAL RESERVE BANK OF S T . P RODUCER RATIO SCALE 1967-100 SE A S O N A L L Y PRIC ES A D JU S T E D PERCENTAGES ARE ANNUAL RATES OF CHANGE FOR PER IO DS LATEST OATA PLO TTED. L O U IS RATIO SCALE 1967-100 INO ICATED . JUNE PREPAREO 6Y FEDERAL RESERVE BANK OF ST. LOUIS 5 PRODUCER P R IC E T E R M IN A L^ M ONTH IN IT IA L 11-78 _ IN O t X * F IN IS H E D CONSUMER FUOOS - SEASON ALLY A D JU ST tD CUMPUUNOEO ANNUAL RATES OF CHANGE 12-78 1-7S 12-7« 18^8 1-79 1 9 .0 2-79 1 8 .9 1 9 .0 1 8 .9 3-79 1 8 .2 lo .O 1 7 *5 —7 9 1 3 .2 11. v 5-79 8 *7 6 .7 6-79 5 .6 7-79 2-79 3-79 4-79 5-79 M ONTH 6-79 1 *6 7 7-79 8-79 9-79 10-79 11-79 12-79 1-80 * 2-8 0 100 3-80 4-80 2 1 7 .5 2 2 0 .7 2 2 3 .9 1 6 .1 2 2 6 .7 9 .6 5 .2 —4 . 7 2 2 5 .8 3 .V - 0 .7 - 8 .2 - 1 1 .6 3 .5 0 .7 - 3 .4 - 9 .2 - 1 1 .* - 1 1 .2 5 .9 4 ,2 1 .9 - 1 .2 - 5 .1 - 5 .2 - 1 .9 8-79 7 .4 6 .1 4 .3 2 .1 —0 . 5 0 .5 4 .9 1 4 .0 1 9 .9 v-79 8 .4 7 .3 5 ,9 * .2 2 .3 3 .8 8 .0 1 5 .3 1 8 .8 1 7 .7 10-79 7 .5 6 .4 5 .1 3 .5 l« t) 2 .9 6 .1 1 1 .0 1 1 .8 7 .9 - 1 .0 11-79 8 .9 8 .1 7 .0 5 .8 4 .5 5 .9 9 .1 1 3 .7 1 5 .1 1 3 .5 1 1 .5 2 5 .6 12-79 8 .5 7 .6 6 .6 5 .5 4 .4 5 .6 8 .3 1 1 .9 1 2 .6 1 0 .8 8 .6 1 3 .8 3 *1 1-80 7 .0 6 .1 5 .1 4 .0 2 .8 3 .7 5 .8 8 .4 8 .4 6 .3 3 .6 5 .2 - 3 .8 - 1 0 .2 2-80 6 .1 5 .3 4 .3 3 .2 2 .1 2 .8 4 .5 6 .6 6 .* 4 .3 1 .8 2 .5 - 4 .2 - 7 .7 h . 2 2 3 .5 2 2 1 .3 2 2 2 .8 8 .4 2 2 6 .2 2 2 9 .3 2 29 *1 2 3 3 .5 2 3 4 .1 2 3 2 *0 ,2 3 1 .0 - 5 .1 2 3 3 .4 3-80 6 .6 5 .8 4 .9 3. V 3 .0 3 .7 5 .3 7 .4 7 .2 5 .5 3 .6 4 .6 - 0 .1 - 1 .2 3 .7 1 3 .2 4-80 4 .0 3 .2 2 .2 1 .1 0 .0 0 .4 1 .6 3 .0 2 .4 0 .4 - 1 .9 - 2 .0 - 6 .7 - 9 .1 - 8 .7 - 1 0 .4 - 2 9 .1 5-80 3 .9 3 .1 2 .2 1 .1 0 .2 0 .5 1 .6 2 .9 2 .3 0 .5 - 1 .4 - 1 .5 - 5 .4 - 7 .0 —6 . 2 —6 . 6 - 1 5 .1 1 .6 2 2 7 .1 6-80 4 .2 3 .* 2 .5 1 .6 0 .7 1 .1 2 .1 3 .3 2 .9 1 .3 - 0 .3 - 0 .3 - 3 .5 - 4 .6 - 3 .4 - 3 .0 —7 . 8 ? . l 2 2 8 .7 11-78 12-78 1-79 2-79 3-79 4-79 5-79 6-79 7-79 8-79 9-79 10-79 11-79 12-79 1-80 2 —8 0 3-80 4-80 IN IT IA L P R O D U C tR ________ T E R M IN A L M ONTH 11-78 1-79 2-79 3-79 4-79 5-79 5-80 M ONTH P R I C t I N D E X , F I N I S H E D G O O D S , E X C L U D IN G _____________ C O M P O U N D E D A N N U A L R A T E S O F C H A N G E IN IT IA L 1 2 —7 6 2 2 6 .8 FO O O S - SEA SO N A LLY A D JU S T E D M O NTH 6-79 7-79 1967 8-79 9-79 10-79 11-79 12-79 1-80 2-60 3-80 * 100 4-80 12-78____ 19 6 *2 1 9 8 .3 _ L r 7 9 _____ U U I L 2 0 0 .2 ____ U « .7 3-79 1 2 .4 1 2 .4 1 1 .7 1 1 .3 4-79 1 2 .9 1 3 .1 1 2 .9 1 3 .3 _ i= I2 1 2 .9 1 3 ^ i) 1 3 .1 - ¿ r Z 5 _____ l ? j t l 13 *3 7 - 7 9 _____ 1 3 . » 1 3 .8 13.v 2 0 2 .0 \ l ^ ^ 2 0 4 .4 ^ 2 0 6 .5 1 3 .2 1 4 . 1 ____1 3 f Q U t * 1 ^ *2 1 3 .6 1 4 .2 1 4 .2 1 4 .9 1 4 .9 1 5 .8 1 7 .3 1 2 ,6 ^ ^ 2 0 8 .8 ^ 2 1 1 .6 8-79 1 3 ,5 1 3 .7 1 3 ,7 1 3 .9 1 4 .5 1 4 #3 1 4 .7 1 4 .9 9-79 1 4 .1 1 4 .3 1 4 ,4 1 4 .7 1 5 .3 1 5 .3 1 5 .9 1 6 .4 1 6 .0 1 9 .5 10-79 1 4 .6 1 4 .8 1 4 .9 1 5 .3 1 5 .8 1 6 .0 1 6 .5 1 7 .1 1 7 ,1 1 9 ,4 1 9 .2 11-79 1 4 ,4 i* .5 14 . 6 1 4 ,9 1 5 .4 1 5 .4 _15 » 8 1 6 ,1 1 5 ,8 1 6 .9 1 5 .6 2 1 3 .7 -vl5.7% 2 1 6 .9 2 2 0 .1 2 2 2 .2 1 2 .1 12-79 1 4 .3 1 4 .5 1 4 ,6 1 4 .8 1 5 .2 1 5 .2 1 5 .5 1 5 .7 1 5 .4 1 6 .1 1 5 .0 1 2 .9 1 3 .8 1-80 1 5 .6 1 5, b 1 6 .0 1 6 .3 1 6 .9 1 7 .0 1 7 .5 1 8 ,0 1 8 .1 1 9 .3 1 9 .2 1 9 .2 2 3 »0 3 3 .0 2-80 1 6 .3 ’I 6 , 6 1 6 .« 1 7 ,2 17. 1 1 8 .0 1 8 .5 1 9 ,1 1 9 .3 2 0 .5 2 0 .7 2 1 .1 2 4 .3 2 9 .9 3-80 1 6 .4 1 6 .6 1 6 .8 1 7 .2 1 7 .7 1 8 .0 1 8 .5 1 8 .9 1 9 .1 2 0 .1 2 0 .2 2 0 .4 2 2 ,6 2 5 .7 2 2 .2 1 7 .7 4-80 1 6 .6 1 6 .9 1 7 .1 1 7 .* 1 7 .9 1 8 .2 1 8 .6 1 9 .1 1 9 .3 2 0 .1 2 0 .2 2 0 .4 2 2 .1 2 4 .3 2 1 .6 1 9 .0 2 0 . 4 ^ n. 2 4 1 ,5 5-80 1 5 .8 16.0 1 6 .2 1 6 .5 1 6 .8 1 7 .0 1 7 .3 1 7 .6 1 7 .6 1 8 .2 1 8 .0 1 7 .8 1 8 .8 1 9 .8 1 6 ,8 1 3 .6 1 1 .6 3 ,5 2 4 2 #2 6-80 1 5 .5 15.7 15.8 1 6 .0 1 6 .4 1 6 .4 1 6 .7 1 6 .9 1 6 .9 1 7 .3 1 7 .1 1 6 .8 17 ,e 1 8 .1 1 5 .3 1 2 .6 1 1 .0 6 .6 11-78 1 2 —7 0 1-79 2 —7 V 3-79 4-79 5-79 6-79 7-79 8-79 9-79 10-79 IN IT IA L 2 2 4 ,6 I T - 79 T 2 - 7 9 2 3 0 .0 2 3 4 .6 2 6 .8 “1-80“ 2 3 7 .8 2 - b CT "3-bOT 4-80 V*8^ 5-80 M ONTH P REPA REO BY FEDERA L R ESE R V E JU L Y 8 * 1980 BANK OF S I . 2 4 4 .1 INDUSTRIAL RATIO PRODUCTION SCALE RATIO 1967-100 SCALE 1967-100 SEASONALLY ADJUSTED PERCENTAGES ARE ANNUAL RATES OF CHANCE FOR PERIODS INDICATED. LATEST DATA PLOTTED» JUNE PRELIMINARY PREPAREO BY FEDERAL RESERVE BANK OF ST. LOUIS INDUSTRIAL PRODUCTION -JEftHIHAk 19 6 7 « 1 0 0 I N I T IA L HQNIH MONTH 1 1 - 7 1 . 1 2 - 7 B ___1 ^ 7 9 _ 2 ~ 7 9 6-8 0 -1«? -2 U 1-79 4-79 5-79 6-79 -0*6 -0*8 - 2»8 -1»? -2.9 -3.4 7-79 9-79 9-79 10-79 11-79 12-79 Q.I -0*9 -0.8 -0.8 -1.3 -3.9 -3.2 -4.6 -5*1 -5.9 -7.5 -8.3 -9.5 1-8Q -3.5 g-8Q 3-80 »-«0 5-80 -4 . 6 -10*8 -14.8 -23.8 r l* l -1*7- - 2 .6 -3« 3 - 3 .4 - 3 .9 - 4 .7 -3*7 - 5 * 1 __-5«6 ^6.3 —6*0 -7*5 - 4 .0 - 4 .7 - 4 .8 - 5 .4 - 6 .2 - 5 .5 - 6 *8 -7*5 - 8 *3 - 8 *2 - 9 * 7 - 1 0 .6 - 12»0 - 1 3 *9 r l ^ . o ) - 2 0 * 3 - 2 4 * 9 11-78 12—78 1-79 2 -7 9 3-79 4-79 5-79 6-7 9 7-79 8-79 9-79 10-79 11-79 12-79 - 11.4 -i4.7 -18*5 -24.7 1-80 2-80 3-80 141 *2P 4 -8 0 5-80 I N I T I A L MONTH P R E L IM IN A R Y PREPA REO BY FEO ERA L R E S E R V E bANK OF S T * L O U IS JU L Y 1 6 . 1980 7 PERSONAL RATIO MONTHLY SCALE TRILLIO N S OF DOLLARS TOTALS INCOME AT SEASONALLY ANNUAL RATES ADJUSTED RATIO TRILLIO N S OF SCALE OOLLARS 1 .0 0.9 0. 1972 1973 1974 1975 1976 1977 1978 SOURCEt PERCENTAGES ARE ANNUAL RATES OF CHANGE FOR PE R IO D S LATEST DATA PLOTTEDt U .S . 1979 1980 DEPARTMENT OF COMMERCE IN D ICAT ED . JU N E PR ELIM IN A R Y PREPARED BY FEDERAL R E SE R V E BANK OF ST , PERSONAL TERMINAL MONTH ----------n = m z = T b - T = W 12— 70 “I N I T I A L 2-7 y 3-7* 4-79 *-7» 6-79 7-79 L O U IS INCOME BILLIONS OP DOLLARS ANNUAL RATES MONTH fl-7 9 9-79 10-79 11-7 9 17 - 7 9 1-60 Z-90 3-BO 4-90 5-HO 1,826*8 18.3 1*93*.3 “n n n r "Tvrrzvi" "T799Ö.7 " 1 ,8 9 1 .6 T *90 5^ I T*933.Z — 1*946.5 1.960.1 l O.T" 10*8 10*7 1 0 * 2 " “I I 7 Ö 11*7 12*5 10*3 -T1.2 13*7 10*7 12*4 "10-79 “R . 9 11-79 U . 3 12— 7 9 11.0 I----- "I 11*6 1 1— 8 0 1 *6 1.991.2 11*3 11*2 10*9 11*6 13*1 11*6 12*7 14*7 15*8 11*6 11*6 11*3 1 2 * 0 "ÌT77" 13*4 12*2 13*1 14*7 15*1 11*6 l K5 11*3 11*9 12*5 13*1 12*1 12*8 13*8 "1379" 2,005*5 T4*5 2 * 0 2 9 .3 T2.9 n . 3 n 2*046.5 2*655*7 2-80 ll*l 10*6 11*1 11*0 10*7” il.i r n i 12*1 11*1 11*5 12.1 11*7 10*4 8*4 5*5 3— 80 11*0 Ì0.5 10*9" 10*9 10*6 11*0 11*4 11*7 10*9 11*1 11*5 TT7I 10*0 9*3" nr.r 9*7 4-6 Ô 10*4 9.9 10*2 16 *1 9*6 lo* 1 10*4 10*6 9*7 9*8 9*9 9*3 Ti . r 5*<T 4.7 0.9 5-80 16*o 9*8 9*7 9*6 9*6 9*9 9*0 9*1 9*1 ”9 * V 7*3 4*6 4*3 2*3 6-80 9.7 9.2 11-78 12— 78 9*5" 1-7V 9I T T 9*3 9*0 9*3 9*4 2-79 3-7V 4-79 5-79 9*'5” 6-79 9*6 8*6 7-79 8-79 IN IT IA L "5Ì7F 9-79 5*9 2*070.0 4.7% 2*071*5 2 *07777“ Tjy 5*7 4*7 4*i T * T 4* .’ 27 10-79 11-79 12-79 1-80 2-80 3-80 4-80 '4 . N7 5-80 ] 2*095*7P MONTH P R E L IM IN A R Y PREPA REO BY FÉD ÉR A L R tS E R V E J U L Y 17* 1990------- - 8 BANK OF S I * L U U lS ” R E T A I L RATIO S A L E S SCALE BILLIONS 1972 RATIO OF DOLLARS 1973 se a s o n a lly 1 97 4 1975 ADJ USTED 1976 1977 SOURCEi PERCENTAGES ARE ANNUAL RATES OF CHANGE FOR P E R IO O S LAT EST DATA PLO TTED . NAY, SCALE BILLIONS 1978 U .S . OF 1979 DOLLARS 1980 DEPARTMENT OF COMMERCE IN D IC A T ED . JU N E ADVANCE EST IM A T E PREPARED BY FEDERAL R E SE R V E BANK OF ST . RETAIL Te r m i n a l MONTH 11-78 _ --------- i n i t i a l L O U IS SALES “MILLIONS OF m o n t h -------- DOLLARS 12—70 l^f9 2-79 11-78 12-78 1-79 2 -7» ___________________ _ 4->9 1-7 9 4-79 5-Y9 6-T* T-T9 8-T9 5 -7 9 6 -7 9 7 -7 9 8 -7 9 ______________ IN IT IA L 9 -7 9 10-?* T L - W if- T * 9 -7 9 10-79 11-79 1 2 - 7 9 T =*6 2-*0 1-80 2-00 3-80 4-80 5-8 0 MONTH P - P R E L IM IN A R Y £ - E S T I M A T E D ------ PREPARED BY FEO ERA L R ESE R V E J U L Y l i 9 1980 9 BANK OF S T » L O U IS HUUStLV COMPENSATION« PR IV A T E B U S IN ES S SECTOR« COMPOUNDED ANNUAL RATES OF CHANGE T E R M IN A L __ BA RTER 3-75 1967 * 100 IN IT IA L QUARTER 4-75 >-76 2-76 1-76 1-77 4-76 3-77 2-77 V-75 4-77 1-78 2-78 3-78 4-78 1-79 3-79 2-79 4-79 1-80 !« & *• 1-76 9*5 1 0 .5 s 2-76 9 .4 9*8 1 9 1 .5 1 9 5 .7 9 .1 s 199*7 8 .4 s >-76 9*1 4-76 9 *1 9*3 8 *9 8*8 ♦ .r 1-77 8*9 9*0 8 *6 0 *5 8 .5 _ 7 .9 s 2—77 e .s 8*5 8*1 ?* 9 7*8 7 *1 211*2 2 1 5 .6 9 *3 8 *7 204*1 208*0 3—77 8*5 8*5 8*2 ••1 8*0 7 *6 1 *4 4-77 ê*s 8*2 7 .9 1 .7 7 *6 7 *2 7 *0 7*3 «»V 8*3 0 *2 8*1 8 *0 9 *0 8 *5 1-78 #„5 t-78 ■ i. y JL«7 _ W * _ J2 4 * 6 8*2 ••1 8*1 7 *9 7 *9 8 *3 f t2 9*3 8*5 8*3 8 .2 ••2 8 *0 8*1 8 *4 8 *4 9 *2 8*3 8 *8 ^ 8*5 ••2 8 *2 8*1 9«! • *4 •*4 9*0 0*3 • ** • *3 \ 8*7 8 *5 8*5 8 *4 8 *5 0*8 8 *8 9*4 9 *0 9 *4 9*7 I l* 2 sVw 8*5 ¿-79 218*0 ll* 0 \ t« S _ 8 *5 2 3 3 .7 2 3 8 .4 - 8*7 8*7 ••6 8 *6 8*6 8*5 8 *6 8 *9 0 *9 9 *4 9 *1 9 *4 9 *6 10*3 8*7 8*7 8 *6 a *6 8*6 •*5 8*6 a.t • *9 9*3 9 *0 9 *3 9 *4 9 *8 244*8 9 *5 ^ . 9 *1 250*4 8 *^ T 1 0 .1 % 255*7 ► r< 8*6 8*6 8*5 8*5 8*5 6 *4 8 *5 8 *7 8 .7 9*1 ••8 9 *0 9 *0 9 *2 8 *5 8*1 1-ttU 8*6 8*8 0 .7 8 .7 8*7 8 *7 8 .8 9 .0 9 *0 9 *4 9 .2 9 .4 9*5 9 *7 9 *3 9 *3 9 .5 ll^ S W — tfU 9*0 9*0 8*9 8*9 8*9 8*9 9 *0 9 *2 9 *3 9*6 9*5 9 *7 9*8 f l O . l l 9 *8 9 *9 10*3 11*9 12*5\ 3-75 4—7S l- 7 é 2-76 3-T6 4-76 1-77 2-77 3-77 4-77 1-78 2-78 1-79 2-79 3-7 9 4-79 1-00 3-10 4-78 260*3 2 6 7 .À 275*3P INITIAI» QUARTER «r l v u eu 1977*________________________________________________________________________ fro m ?- PRELIMINARY OUTPUT PER HOUR OF A LL PERSONS« PR IV A T E B U S IN ES S SECTOR« ______________ COMPOUNDED ANNUAL RATES OF CHANGE______________ U RM IN A L QUAKffcR ____________3-75 — W 3 . _ i^ _ 4-T5 V _ 1»T6 _ 2-T6 W 6 ______________________ IN IT IA L QUARTER 1-77 W 6 2-77 3-77 4-77 W 8 190? « 1U0 2«78 3-78 W W ? 2-TV 3-79 W V iH IO _______________________________________________________________________________________________________________________________ l U s l _ 1 = I6 _____¿ t i ____T t » \ . ___ _1 1 4 .0 __ - - ¿ - 7ft_____2*1____±m±____L ^ \ . _______________________________________________________________________________________________________:________ U fe *4 _. — f c lé _____ 2*1____2 *4____1*1___________________ _____________________________________________________________________________________________________________ - II7 * 0 „ 4-To _____ 1 * 1 ____ i a ____ 1 *4____ 1 « 7 _______ ___________________________________________________________________________________________________________ U M . — 1=12_____ 2 *1 ___ L i ___ 2*2____2*4 ___ 2*2___ ___________________________________________________________________________________________________________________ lif t s 2 _ __2~T2_____ U 1 ___ 2*1 ____1*4 j t4 j t 4____ 1 *9 ____ . ly u o . - 2 = 0 _____2*2____2*1____2*1____ 2*2___ 2*2____2 *5 ____L * S ____ - J S d l _____ U 2 ____2*2____1*2____1*2____1*1____1 *1 ___ fi±2____I t L t M - I r î H?_____ 1*2 ____ l* f i ____ 1*1 ____ 1*2 ____ 0*2 ____ 0 * 7 .-2=2«_____ 1*1____l* ft ____1*2____ L - a r i a ___ -1= 11 1*> Jj u T ] I ______ !___________________________________________________ ___ 1*0____l* f i___ ft*2 ___ 0 * 2 l_ ^ 0 * é _ _ _0_*2_ I t ? ____1 *2 ___ L c J____ __ 2=22_____ 0*2____ 1*1____0*6 0>5 la___ 1*0___ ft*2____Id 2 ___ 0 *7 0*6 0 *4 0*6 0 *3 - — U ? »9 __________________________________________________________ 119*1... l i t ____ 1*2____1*2____1*1____ 1 *1___ &*1____1*2____&*1____SUS____2 *â_______________ _________ —1=72_____ JL tl____ 1*2 ____ ft*£___ 0 * 8 3 -7 » V H» »* ____ m * l _ _1 *£ 0 *1 _____ f t * l . . . A » - A I ___ —I l 2 * i — A *2 _ U M . 9 *2 -0 * 2 -1*3 -â*Î^__ U 9 *9 "0 * 1 ____0*1 -0*6 -0 *4 -0*1 - 0 *? -1*6 -2*3 - 2 . 0 ^ _______________ -0 * 3 - 0 *1 -0 * 8 -0 * 6 -0 * 4 -0 * 9 -1 * 6 - 2*2 - 1 *8 0*9 0 * 4 ____ 0 * 4 ___ 0 * 2 ____ 0 * 1 4—T9 0 *6 0 *8 0 *4 0 *3 0 *2 0 *1 -0 *3 -0 *1 -0 *7 -0*5 -0*4 -0*8 -1*3 -1*0 -1 *3 -1*0 -0> »V l T * g _____ SU * ____ fc * 8 ____ 0 * 4 0*3 0*2 0*1 -0 * 3 -0 * 1 -0 * 6 -0 * 5 -0 » j -0 * 7 -1 * 1 -1 * 4 -1 * 0 -0 * 7 - 0 * 2 ____ ______________________ 1 1 7 * 7 2 -8 0 0*4 0*5 0*1 0*1 -0 * 1 -0 * 2 -0 * 5 -0 * 4 -0 * 9 -0 * 8 - 0*7 -1 * 0 -1 * 4 -1 * 7 -1 * 5 -1 * 4 -1 * 2 -1 * 7 3 -7 5 4 -7 5 1 -7 6 2 -7 6 3 -7 6 4 -7 6 1 -7 7 2 -7 7 3 -7 7 W 1 -7 8 2 -7 8 3 -7 8 W H 2 -7 9 3 -? 9 4 -7 9 «K EV lSkD FROM 1 9 7 8 P- PRELIM IN A RY S 9 A T Utfti 0*7 7 - h f _ ll? * # H it ? -* * 4 \ 116 .7 P H ÎÔ * ÏN ÎT ÏÂ L ^ Û A R T E R ________ PKEPARfcO 8 Y F E D E R A L A S S E R V E OANR ~UF S Î * JU L Y 28« 1980 L O U IS P R O D U C TIVITY, RATIO COM PENSATION, AND LABOR SCALE RATIO 1967-100 SCALE 1967-100 SEASONALLY AOJUSTEO SO U RCE: PE R C E N T A G E S ARE ANN UAL R A T E S OF CHANGE FOR P E R IO D S LA TEST COSTS DATA P L O T T E D t 2ND Q UARTER mil U .S . D EPAR T M EN T OF LA BO R IN D IC A T E D I M l NARY PR E PA R E O 8Y FE O E R A L R E SE R VE 8ANf. OF ! U N I T L A ttUK C O S T S « P U I V A T E B U S I N E S S S E C T O R . ... C O ^ O U N D E D A N N U A L R A T E S O F C H A N G E T F f c M I N A l _______________ ________________ _____ _ « M IT IA L < |U A #Tfc* 1* 6 ? * l* J O QUARTER 3-75 4-75 1-76 2-76 3— 76 4-76 3-77 2-77 1-77 4-77 1-78 2-78 3-78 4-78 W 9 --79 3-7V *-7V l-«0 _ w ! L _ : 1 164.0 1-76 6 * » ... 2 * ^ 2-76 7«2 5*2 163.1 7.7s * 168.2 W 6 6*9 S 5 6.9 6. I s 4-76 7*9 6*0 7*1 6* 8 i?0*7 7.5s 173. a 1-77 6t4 5.5 6.2 5*7 3.5 2-77 6*7 6*0 6.6 6.4 6*5 6*0 • 3-77 6*2 5*5 6.0 5*7 5*6 4.9 5.7 2.9s 4— 77 6*5 5.9 6*6 6*1 6*1 5*8 6 *6 5.7 1-71» 7.1 6*6 7*1 7.0 7*2 7*1 8*0 7.9 10*5 12.5 2— 78 6*9 6.5 7*0 6*9 7.0 6*9 7*6 7.4 8.9 9.1 5.8s 3-7« 6*9 6*5 6.9 6.8 6.9 6*9 7.4 7.2 8.3 8*3 6.2 6.6s 4-78 7.0 6*7 7*0 7.0 7*1 7*0 7*5 7*4 8*2 6.8 7*3 1-79 7.5 7*3 7*6 7 ._6„ 7.8 7.8 8*4 8.4 9.3 9.5 _ 2-79 7*8 7*6 8*0 8.0 8.1 8.2 8.7 8.8 9.6 9.8 9.3 10.2 3-79 8*0 7.8 8*1 8*2 8*3 8*4 8.9 9.0 _ 9.7 9.9 _ 9*5__ 10 * 2 4-79 8*0 7*8 8*1 8*1 8*3 8*4 8*8 8.8 9*5^ 9.6 9,2 9.8 10*5 11.1 10.0 9*1 1-80 ?t? 8*0 8*3 8*4 8*6 8.6 9*1 9*1 9*8 9*9 9.4 10*1 10.7 U t i 10*5 2-80 8.5 8.4 8*7 8*8 9*0 9*1 9*6 9*4 10.3 10*5 10.2 10.8 11*4 12.0 3-75 4-75 1-76 2-76 3-76 4-76 1-77 2-77 3-77 4-77 1-78 2-78 3-78 4-78 175.3 > V 0 % ._ I ? ® * 9 _ 180*2 8.5s .„!•!- 183*9 IN IT IA L 189.4 192.1 193*2 199.0 V 203.9 11.4 13 *2 11. S ' U - 2 „ _ 12*2-__U.l 211.7 19«6 vl 2 . 0 % 217.0 7 < 8 Ssy ¿21.1 10*1 9.9 227.i 11*5 11*4 lltT JJ*7 1-79 2-79 3-7» 4-79 1 2 * 1 ^ 13*4i\ 1 ¿3:>.<* l-*0 QUARTER PREPAREU JU L Y 28« 11 ÛŸ FEOfcKAL R E S E R V E 19tt0 SANK. OF S I . L JU iS GROSS NATION A l P R O D U C I IW CUR REN T D O LLA RS COMPOUNOEO 4NNUAL R A T E S OF CHANGE B I L L I O N S OP OO LLARS ANNUAL R A T ES 3 -7 8 1 1 .4 4 -7 8 1 1 .6 ~ 1 1 . 8 1 11 1 .6 1 1 .6 I I .3 1 1 .7 1 2 .0 12*2 1 2 .5 1 2 .5 1 2 .8 1 2 .1 1 1 .9 1 1 .9 1 2 .9 1 5 .3 1 1 .0 1 2 .5 1 2 .4 1 2 .4 1 3 .4 1 5 .1 1 2 .8 2 * 1 5 9 .6 2 * 2 3 5 .2 " 1 4 .8 V n ” 2. 1 -7 9 1 1 .5 1 1 .7 1 1 .5 1 1 .9 1 2 .3 1 2 .6 1 2 .2 1 2 .1 1 2 .1 1 2 .8 1 4 .0 1 2 .1 1 2 .6 1 0 .6 2 -7 9 1 1 .2 11*4 1 1 .1 1 1 .4 1 1 .8 1 2 .0 1 1 .6 1 1 .4 1 1 .3 1 1 .8 1 2 .5 1 0 .7 1 0 .6 8 .6 6 .7 3 -7 9 1 1 .3 “ Ï Ü V ' 1 1 .2 1 1 .5 1 1 .8 1 2 .0 1 1 .6 1 1 .5 1 1 .4 1 1 .8 1 2 .4 1 1 .0 1 1 .0 9 .7 9 .3 4 -7 9 1 1 .2 1 1 .4 1 1 .1 1 1 .4 1 1 .7 1 1 .8 1 1 .5 1 1 .4 1 1 .3 1 1 .6 1 2 .1 1 0 .9 1 0 .9 9 .9 9 .7 1 1 .2 1 0 .5 1 -8 0 1 1 .2 1 1 .3 1 1 .1 1 1 .4 1 1 .6 1 1 .8 1 1 .5 1 1 .3 1 1 .3 1 1 .5 1 2 .0 1 0 .9 1 0 .9 jlO .l 1 0 .0 1 1 .1 1 0 .6 1 0 .8 2 -8 0 1 0 .6 1 0 .7 1 0 .5 1 0 .7 1 0 .8 1 0 .9 1 0 .6 1 0 .4 1 0 .2 1 0 .4 1 0 .6 9 .5 9 .3 8 .4 8 .0 8 .3 7 .1 5 .5 0 .4 76 .6 -1 6 1 -7 1 . 2 r7 1 > . a = n _ lz7% Î-7 ? 2 -7 9 3 -7 9 4 -7 9 1 -8 0 _ 2 .- 7 .2 L _ 6 - 7 . ? P— 1 - 7 6 ._ 2.T7.ft. .J r n lr T f t . 6t IS - ^ 292. 1 ” 2 * 3 2 9 .8 — J O .1 % 2 * 3 9 6 .5 1 2 .0 2 * 4 5 6 .9 2 * 5 2 0 .8 2 * 5 2 3 .4 P PRELIMINARY GROSS NATIONAL PROOUCT IN 1972 OOLLARS COMPOUNOEO ANNUAL RATES OP CHANGE TERMINAL .W A ST ER 3-75 4-75 1— 7 6 2-76 3-76 6-76 1-77 2-77 3-77 4-77 1-7B 2-78 3-78 6-78 1-79 2-79 3-79 6-79 1-80 1*227.9 6 -7 5 2 *6 1-76 6.6 10.7 2-76 5.2 6.5 1 2.5 1»2*9*$ 1*267.4 1*277.1 3-76 4.7 5.4 2.8 3.1 4-76 4.4 4.9 3.0 3 .3 3.5 1-77 5.2 5.7 4.5 5.1 6.1 8.8 5.0 5.7 6.8 2—7 7 BILLIONS OF OOLLARS ANNUAL RATES INITIAL QUARTER 4*5 1*288.1 1*315.7 4.8 1*331.2 4.6% 5.1 5.5 3-77 5.3 5.7 4.9 5.4 6.0 6.9 5.9 7.0 4-77 5.0 5.3 4.5 4.9 5.2 5.7 4.6 4.6 1-78 4.7 4.9 4.2 4.5 4.7 4.9 4.0 3.7 2 .1 1*353.9 1*361.3 1*367.8 1 .9 ^ 1*395.2 2-78 5.0 5.2 4.7 4.9 5.2 5.5 4.8 4.8 "4.1 3-78 4.9 5.1 4.5 4.8 5.0 5.2 4.6 4.5 3.9 4.5 5.9 4-78 4.9 5.1 ~4Ì8" 5.0 5.2 4.7 4.7 4.3 4.8 5.8 *■ » 1-79 6.7 4*8 4*3 4*5 4.6 4.8 4.3 4.2 3.7 4.1 4.6 3.4 3.3 1.1 3.3 3—79 4.1 4*2 4-79 4.0 o.l 1-80 3.8 2-80 3.1 4-75 1-76 2-79 5.0" 1*407.3 - “1 * 4 2 6 . 6 " 1*430.6 1*422.3 3.9 4.0 4.0 3.5 3.4 2.9 3.0 3.2 1.9 1.4 -0.6 ~3.8 “ 3 . 9 3.9 4.0 3.^5 3.3 2.9 3.0 3.2 2.2 1.8 0.6 0.4 3.1 3.6 3.7 3.8 3.8 3.3 3.2 2.8 2.9 3.0 2.1 1.9 1.0 0.9 2.5 3.9 3.5 3*6 3.6 3.6 3.2 3.0 2.6 2.7 2.8 2.0 1.8 1.0 1.0 2.1 1.6 3.1 2.7 2.7 2.7 2.6 2.2 2.0 1.5 1.4 1.4 0.6 0.1 -0.7 -1.1 -0.8 -2.1 -4.1 -9.1 76 4-76 4-77 ?— 77 3-77 4-77 1-78 2-78 1-7*. 2-7? 3-7* 4-79 1-80 3L-2S— 4 - 7 8 1 .0 % 1*433.3 2.0 1*440.3 1.2^ I *444.7 l*410.8P INITIAL QUARTER PRELIMINARY PR E P A R E O B Y PEO ER A L R E S E R V E BANK OF S T . JU L Y 18* 1980 12 L O U IS GROSS N A T I O N A L P R O D U C T RATI O SCALE QUARTERLY T OT ALS AT ANNUAL RATES . RATI O SCAL E T R I L L I O N S OF DOLLARS SEASONALLY ADJUSTED T R I L L I O N S OF DOLLARS 2 . 6 2.5 2. 4 3 2 I 0 9 8 7 6 5 I . 8 1. 7 I . 6 I .5 1. 4 I .3 I . 2 I.I I 0.9 SOURCE: PERCENTAGES ARE ANNUAL RATES OF CHANGE FOR PERIODS LATEST DATA PLOTTED: U.S. DEPARTMENT OF COMMERCE INDICATED. 2ND QUARTER PREPARED 13 BY FEDERAL RESERVE BANK OF ST. LO U IS . 0 GENERAL RATIO PRICE INDEX* SCALE RATIO SCALE 1972-100 1972-100 1972 1973 «A S USED IN NATIONAL 19 7 4 1975 1976 INCOME ACCOUNTS 1978 SOURCE: PERCENTAGES ARE ANNUAL RATES OF CHANGE FOR PER IO O S LA T EST OATA PLOTTED« 1 97 7 U .S . 1979 1980 DEPARTMENT OF COMMERCE IND ICATED. 2ND OUARTER PREPARED SY FEDERAL R ESER V E BANK OF S T . CONPOUNOED TERMINAL L O U IS ANNUAL RATES Of CHANGE INITIAL QUARTER 1972 » 100 .flUAHTEft______________ ___________________________________________________________________________________________________________________ 3-75 41 -_I7 5t 11 - 7 6 2■>__7 - 7 16. 3"X_A._________7 -76 4 - 7 16. 4-75 6*2 1-76 4*9 3.6 2-76 4*8 4.1 4.6 3-76 4*8 4.3 4.7 4.8 4-76 5*1 4.8 5.2 5.4 6.1 1-77 3*2 5.0 5.4 5.6 6.0 6.0 1 1-77 2-77 3■-J_7-rr 7 4A - 7 7 1-78 4-78 1-79 21 -_ T7 A9 31 - 7 9 4a -_ 7t n9 1* - 8 0 131.30 132.79 134.35 136.34 138*34 5*6 5.5 5.8 6.1 6.6 6.8 7.7 3-77 5*5 5.4 5.7 5.9 6.1 6.2 6.2 140793 142.59 4.8 4-77 5*6 5.5 5.8 6.0 6.2 6.2 6.3 5.6 6.4 1—78 5*6 5.6 5.8 6.0 6.2 6.2 6.3 5.8 6.4 2-78 6*1 6.1 6.4 6.6 6.8 7.0 7.2 7.0 7.8 8.5 10.7 3—76 6.2 144.82 147.05 150.82 6.2 6.4 6.6 6.9 7.0 7.2 7.0 7.6 8.0 8.9 7.2 6.4 6.6 6. 8 7.1 7.2 7.4 7.3 7.8 8.2 8.8 7.9 6. 6 6.9 7.1 7.3 7.4 7.6 7.6 0.1 8.4 9.0 153.45 8.7 156.68 \ - v 8 . 8 % 160.22 9.0 9.3^ 8*6 9.1 9.3 9.3 S 8.9 8.6 9.0 9.1 8.9 8 . r 8.9 8.6 8.8 8.9 8.7 8.4 8.3s 8.9 8.7 8.9 9.0 8.9 8.8 8.9 9.5X 9.2 9.2 9.2 9.2 9.4 9.9 3-78 4-78 1-79 2-79 3-79 4-79 1-79 6.6 2-79 6*8 6.8 7.0 7.2 7.5 7.6 7.8 7.8 8.3 8.6 9.0 3-79 6.9 6.9 7.1 7.3 7.6 7.7 7.9 7.9 8.3 8.6 4-79 7.0 7.0 7.2 7.4 7.6 7.8 7.9 7.9 8.3 8.5 1-80 7.1 7.1 7.4 7.6 7.8 7.9 8.0 8.1 8.4 8.6 2-80 3-78 130.14 2-77 4-78 2-78 7.3 7.3 7.5 7.7 7.9 8.1 8.2 8.3 8.6 8.8 9.1 8.9 3-75 4-75 1-76 2-76 3-76 4-76 1-77 2-77 3-77 4-77 1-78 2-78 163.81 167.20 170.58 174.48 10. V \ Ï78.86P 1-80 INITIAL QUARTER P- P R E L I M I N A R Y P R E P A R E S BY F E P 6 R A L R ESE R V E BANK O f ST * JU L Y 18« 1980 14 L O U IS PERSONAL CONSUMPTION E X P EN D IT U R ES i n CURRENT D O LLA RS C O M P O U N D E D A NNUAL R A T E S OF C H A N G E TERMINAL U i i ARTPR 3-75 4-75 11*6 1— 76 12.4 4-75 1-76 OF 2-76 3-7o 4-76 1-77 2-77 3-77 4-77 1-78 10*8 10.5 7.8 10.4 9.7 4-76 11.0 10.8 1 0 . 0 “I l . 2 4-79 1-80 12.0 1,132.0 Tiï**7ï 11.4 11.4 10.9 12.0 12.9 13.8 Ï0.7 i0.2 10.9 11.1 10.6 3-77 10.8~~io .T 1 0 .3 10. 8 1079 10.6 ~ 9 7 < T T Ô . 5^ 4-77 11.1 11.0 10.7 11.2 11.4 11.3 10.5 12.0 13.4 1-78 10*9 ToTa 10.5 10.9 .o 10.8 10.1 11.0 11.2 2-78 ~ïï~.2~ 11.2 Ï679~ 11.3 11.5 11*4 10.9 11.8 12.3 11.7 T4.4 11*3 11.2 11.0 11.4 11.5 11.5 11.1 11.8 12.2 11.8 13.2 11.1 3-79 1*100.5 Ï0.9 2-79 2-79 10.4 1-77 11*5 1-79 T « 0 7 3 .7 ' 2-77 1-79 4-78 1,053.8 T o .T 11.5 3-78 13.2 2-76 4-78 2-78 1 «021.6 3-76 3-78 B1LLIUNS INITIAL QUARTER ANNUAL RAILS 11.5 1 Ü 5 11.1 IT 1,190.5 7.5 1,220.6 1,259.7 1,287.2 9.0 1,331.2 17369.3 11.9 1,415*4 14.2 11.3 11.7 11.8 11.8 11.5 12.2 12.6 12.4 13.5 13.1 11 *3 11.7 1 1 *8 11.8 TÎ.5 12.1 12.4 12.2 13. Ô 1275 10.9 11.2 11.3 11.2 10.9 11.3 11.5 11.1 11.6 10.9 10.5 8.7 6.1 11 . 5 11 *3" 11.8 11.9 11.7 T27Ï 11.7 11.6 10.8 10.5 15.1 11.6 12.0 1272 12.0 12.4 T 2 7 T 12.2 11.7 11.7 14.7 14.3 1,454.2 ~ 1 2 *8 ~ i l . 4 1,475.9 1,528.6” 3-79 11*4 11.3 11.2 11.5 11.6 4-79 11.5 11.5 Ï1.4” ”11.7 1 1 .8 11.8 1-80 11.6 11.6 11.5 11.8 11.9 11.9 11.7 12.1 12.3 12.1 12.5 12.2 12.3 11.9 12.1 14.1 13.6 13*0 2-80 ~TCÜ9 1079 10.8 11.0 11.0 10 79 10 .7 11.0 11.0 10.8 T l.0 10.6 10.4 9.8 9.5 10.3 8.8 6.1 -0.3 ... 2 - 7 6 3-76 4-76 1-T7„ 2-77 3-77 4-77 1-78 _ 2 -7 8 4-78 i- 7 9 _ 2 - 7 S _ ? -7 9 *-79 l- « L 3-75 . 4-75 ir 1,580.4 1,629.5 I,628*2P INITIAL QUARTER PRELIMINARY PERSONAL C O N S U M P T I O N E X P E N D I T U R E S IN 1 9 7 2 D O L L A R S C O M P O U N D E D ANNUAL RATES OF CHANGE 1 BI L L IONS OF TERMINAL INITIAL QUARTER DOLLARS Q U A R T E R _________________________________________________________________________________________________________________________________________________ _______________ A N N U A L R A J j S 4-79 1-80 1-79 2-79 3-79 3-78 3-77 4-77 4-78 2-78 1-77 1-78 2-77 4-76 4-75 1-76 2-76 3-75 4-75 '~6~.Q 1-76 ~7.2 2-76 6*0 3-76 5*7~ 4-76 5*8 1-77 5.9 791 . r 80773“ 8.4^ 6.0 5.6 5.8 3.6 814.5 4.2 ~ "824.Ô” 4.T 478 5.4 6*2 5.2 5.7 6*2 836.4 6*3 849.2 853.1 2-77 5.3 5.2 4.5 4.7 4.7 470 1.8 3-77 572 5.1 4.6 8 4.8 4.4 3.4 5.1 4-77 5*6 5.5 5.1 5 .4 5.5 5.3 5.0 6.6 8.2 5.1 5.0 4.6 4 .7 4.7 4.4 3.9 <*.7 4*4 “W 8 863.7 880.9 882.7 0.8 894.8 1 - 7 8 5.1 5.1 4.7 4.8 4*8 4.6 4.3 4.9 4*8 3.2 5.6 3-78 5.1 5.0 4.7 4.8 4*8 4.6 4.4 4.9 4*8 3.7 5.2 4.8 4-78 5.2 5.2 4.9 5.0 5*0 4.9 4.7 5*2 4.5 5.7 5*8 6*8 4.6 4.4 4.5 4*4 3.7 4.4 4*0 3*7 0.7 3.9 3.7 3.6 3*4 2.6 2.9 2.3 1*4 -l.l -2*9 4*9 Ï —79 4.9 •».8 4.5 4# 6 2-79 4.4 4.2 3.9 4 .0 3.4 905.3 920.3 921.8 ~9Ï57Ô~ 3-79 4*4 4*3 4.0 4*0 4.0 3.8 3.5 3.7 3*5 2.9 3.2 2.8 2*3 0.8 0*9 4-79 <►.4 4.3 4.0 <*.0 4.0 3.8 3.6 3.8 3*6 3.0 3.4 3.0 2*7 1.6 2.0 4*5 4.2 3.3 3.4 T . T 2.8 3.0 2.6 2*3 1*4 1*6 3*1 2.3 0.5 2.1 1.5 1.5 1.0 0.5 -0.5 -0.7 -0*2 -1.8 -4.6 -9.4 3-77 4-77 1-78 2-78 3-78 4-78 1-79 2-79 3-79 4-79 1-80 1-80 4 72 2-80 3-75 4.0 3.8 3.8 3.7 3.5 3.3 3.0 2.9 2 *b 2.6 2.3 4-75 1-76 2-76 3-76 4-76 1-77 2— 77 925.9 935.4 936.5 ‘ 913.6P INITIAL QUARTER P - P R E L IM I N A R Y --- PKEPARfcP BY ffcOEKAL R E S E R VE BANK OF S T * JU L Y 1 « , 1980 -------- 15 L O U IS G R O S S P R I V A T E D O M E S T I C I N V E S T I T IN. C U R R E N T . D O L L A R S C O M P O U N D E 0 AN W A L R A T E S Of C H A N G E _____ __________________ _____ _ B I L L I O N S Of TERMINAL INITIAL QUARTER OOLLARS Q U A R T E R _______________________________________________________________ ______ ____________________________________________________________________________________ ______ a n n u a l k a t e s 3-79 2-78 3-78 4-78 1-78 1-79 4-79 2-79 1—8 0 4-77 3-75 3-77 1-76 2-76 3-76 1-77 2-77 4-75 4-76 '"4-75 203.9 -5.5 T^7ò_ 27.5 2-76 23*2 40.7 15.2 233.5 72.Ö' 241.9 ’ 3-76 IV.0 28.4 11.0 7.0 4-76 16*6 23.0 9.9 7.4 7.9 1-77 22*5 29.0 20.1 21.8 29.9 56.5 2-77 23.7 29.4 22.2 24.0 30.3 43.2 31.0 246.0 250.7 ~~28<jÜ4 300.0 315.7 3-77 23*6 28.4 22.3 23.7 28.3 36.0 26.8 22.6 4-77 20*9 24.7 19.1 19.7 22.5 26.4 17.7 11.6 1.5 1-78 20*1 23.4 16.3 18.8 20.9 23.7 16.6 12.2 7.3 13.4 2-78 21 * 4 24.5 20.1 20.7 22.6 25.5 20.0 17.4 15.7 23.6 34.7 3Ï6.V 327.0 352.3 4» 1 00 356.2 19*9 22.5 18.4 18.« 20.3 22.2 17.3 14.7 12.8 16.9 18.7 4.5 4-7« 19.7 22.0 18.3 18.6 20.0 21.6 17.3 15*1 13.7 16.9 18.1 10.6 17.1 1-79 18*4 20.5 17.0 17.1 18.2 19.4 15.5 13.4 11 * 9 14.1 14.3 8.2 10.1 3.6 2-79 18*9 20*8 17.6 17.8 18.8 20.0 16.5 14.8 13.7 15.9 16.4 12.2 14.9 13.9 25.2 3-79 17.4 19.1 16.0 16.0 16.8 17.7 14.4 12.7 11.5 13.0 12.9 9.0 10.1 7.9 10.1 -3.1 4-79 15.9 17.4 14.4 14.4 15.0 15.6 12.5 10.7 9.5 10.5 10*1 6.5 6.9 4.5 4.8 -4.1 -5.1 8.9 3.7 3.7 -2.6 -2.3 370.5 373.8 395.4 392.3 38772 0.5 1-60 15.0 16.3 13.5 13.4 13.9 14.4 11.4 9.8 8.6 9.4 5.6 5.8 2-60 12.8 13.9 11.2 11.0 11.2 11.5 8.6 6.9 5.6 6.0 5.3 2.1 1.7 -0.6 -1.5 -7.2 - 8.5 -10.2 3-75 4-75 1-76 2-76 3-76 4-76 1-77 2-77 3-77 4-77 1-78 2-78 3-78 4-78 1-79 2-79 3-79 387.7 -19.8 366.9P 4-79 1-80 4-79 BILLIONS OF OOLLARS ANNUAL RATES 1-80 INITIAL QUARTER P- P R E L I MINARY GROSS P R I V A T E D O M E S T I C I N V E S T M E N T IN 1 9 7 2 O O L L A R S C O M P O U N D E D A N N U A L R A T E S 1D F C H A N G E TERMINAL QUARTER INITIAL QUARTER 3-75 4-75 1-76 2-76 3-76 4-76 1-77 4-75 -11.9 1-76 22.2 69.5 2-76 17.8 36.2 9.5 3-76 13.3 23*3 5.1 0.9 4-76 11.3 18.0 4.6 2.2 3.5 1-77 15.6 22.0 12.4 13.4 20.2 39.7 2-77 16.1 21*6 13.6 14.8 19.9 29.1 19.3 2-77 3-77 4-77 1-78 2-78 3-78 4-78 1-79 2-79 3-79 146.9 169.9 173.6 Ì74.2175.7 191.0 199.6 3-77 16.0 20*6 14.0 14.9 16.7 24.2 17.1 15.0 4-77 13.2 16.8 10.7 10.9 13.0 15.5 8.5 3.4 -7.0 1-78 13.1 16.3 10.9 11.1 12.9 14.9 9.4 6.3 2.2 12.4 2-78 13.3 16.2 11.4 11.7 13.3 15.0 10.7 8.6 6.6 14.1 15.8 3-78 11.7 14.1 9.7 9.7 10.8 11.9 7.9 5.7 3.5 7.3 4. 8 -5.1 4-78 11.3 13.4 9.4 9.4 10.3 11 « 2 7.7 5.9 4.1 7.1 5.4 0.6 6.5 1-79 10.4 12.3 6.5 8.4 9.2 9.9 6.6 4.9 3.4 5.6 3.9 0.2 3.0 2-79 10.3 12.0 8.5 8.5 9.2 9.7 6.8 5.4 4.1 6.1 4.8 2.3 % #8 4.0 3-79 8.7 10.2 6 .8 6.6 7.1 7.5 4.7 3.2 1 «6 3.1 1.7 -1.0 0.1 -2.0 -2.7 -12.9 4-79 7.3 8.7 5.5 5.2 5.6 5.7 3.1 1.6 0.2 1.2 -0.4 -2.8 -2.4 -4.5 -5.8 -12.2 -TÏ76 1-80 6.4 7. 6 4.6 4.3 4.5 4.6 2*1 0.7 -0.7 0.0 -1.4 -3.6 -3.4 -5.3 —6.4 -li.O -10.0 2-60 4.3 5.2 2.3 1.9 2.0 1.8 -0.6 -2.1 -3.5 -3.2 -4.8 -7.1 -7.3 -9.5 -11.2 -15.5 lr.7 ? 4-75 2-76 I-l* 2-77 Î-77 „*-7 7 —ir7t> . 2-7$ 3-79 4-7« _L-7.9., V ïfe .. 1-71. 20677 203.0 209.0 216.8 214.0 217.4 217.2 -0.4 221.7 8.5 2-79 214.2 207.7 -6.4 203.2 -16.4 -18.7 -27^8 ~ 3-79 4-79 I6 7 7 3 P 1-60 I N n I AL QU A R T E R P- PRELIMINARY -------------------------- PREPARED BY FED ERA L R ES E R V E BANK O f S T . JU L Y 1 8, 1980 16 L O U IS GOVERNMENT PURCHASES OF GOODS ANO S E R V IC E S IN CURRENT OOLLARS COMPOUNDED ANNUAL RATES OF CHANGE 3-75 4 — 75 11.3 1-76 7.7 4-75 11 -- 77 66 2 — 76~ 3 — 76 3.4 2.7 4.2 4.2 5.6 4-76 6 7s 5.3 5.7 7.3 9.0 7.2 6.4 7.0 8.5 9.9 j 3! i 3-77 4-77 1-78 2-78 3-78 4-78 1-79 2-70 3-79 W 9 1-80 355.1 579 362.4 370.3 10.9 380.0 1Ï.8 391.6 12.8 7. 5 8 .Ï 9.5 7.7 877 9 . 5 T o 75 " T i 7 o ~ 1 1 . 1 TÖ.9 9.4 400.5 11.1 412.8 8.4 9.0 10.1 1 1 .0 11.5 11.7 ~ 0 .2 8.7 9.6 “ 1072“ 10.5 10.4 9.5 T ó .o 10. 2 1 0 .0 9.4 9.4 7.7 8 .8 10.3 10.5 10.4 1 0 .0 10.1 9.2 10.5 12.3 1075' 10.7 10.7 10.3 10.5 9.9 11.1 12.3 T07Ö" T o . i T72 4-78 2-77 357.5 6.0 ------ 1-77 *.2 2-76 1-77 4-76 351.5 ~y-76 ^ — 77 B IL L 1 U N S OF DO LLARS ANNUAL R AT E S INITIAL QUARTER Tl R H IN A L 12.9 9.7 419.4 6 .6 428.3 440.9 8 .6 9.0 9.8 8.9 9.3 ToTo 8 .6 9.0 9.6 1 0 .0 9*6 9.7 9.1 9.7 10.0 5.7 460.1 8 .8 9.3 9.6 9.7 9.6 9.2 9.1 8.5 8.9 8.9 7.8 5.7 466.6 874 77l 7.8 10.0 10.4 12.1 15.4 453.8 12.2 1-79 8 *8 2-79 8.6 3-79 8.7 8.5 8 .8 9.3 977 9.7 9.6 9.2 9.2 8.7 9.1 971 4-79 974 9.3 97*7 10. 1 1 0 .5 10. 6 1 0 .6 10.4 Ì0 .5 10.2 10.7 11.0 1-80 9.6 9.5 9.9 10.3 10.7 1 0 .8 10.8 10.6 10.8 10.5 11.0 11.4 11.2 11.0 12.4 14.7 17.2 13.4 10.5 7 0 .6 10.6 10.4 10.5 10^3 10.7 10.9 10.7 10.5 11.5 12.9 14.0 10.6 3-76 4-76 1-77 2-77 3-77 4-77 1-78 2-78 3-78 4-78 1 - 7 9 ___¿rJ.2— ? ~ 7 ? — 4 - 7 9 ---1 ~ ^ Q . 2-80 9.5 9.4 9.7 3— 75 4-75 1-76 2-76 10.8 477.8 501*2 21.1 517.2 527.0P 7.8 INITIAL QUARTER f>- P R E L I M I N A R Y G O V E R N M E N T P U R C H A S E S Q F G O O O S A N O S E R V I C E S IN 1 9 7 2 C O H P O U N O E O ANNUAL RATES OF CHANGE BIL L I O N S OF OOLLARS ANNUAL RATES INITIAL QUARTER TERMINAL ttMBTSR DOLLARS 3-75 4-75 1-76 2-76 3-76 4-76 1-77 2-77 3-77 4-77 1-78 2-78 3-78 4-78 1-79 2-79 3-79 4-79 1-80 265.7 2.9 2647? 1-76 ~0.7 -1.5 2-76 -0.5 -2.1 -2.7 3-76 -0.4 -1.5 -1.5 -0.3 4-76 -0.4 -1.2 -T.1 -0.2 —072 1-77 0.2 -0.4 -0.1 0.8 1.4 2.9 2.5 3.8 478 262.9 262.7 “26276 264.5 26776 0.9 1.8 3-77 1.2” 1.0 1.4 2.2 2.9 3.9 477 4-77 1.3 1.1 1.5 2.2 2.7 3.4 3.5 2.9 1-78 T.6 0.8 1.1 1.7 2.0 2.5 2.3 1.5 0.3 -1.2 0.5 -0.1 0.9 2-77 ~07b 2707 3 271.5 1.8 270.7 271.3 0.8 1.1 1.6 1.9 2.2 2.1 1.4 3-78 1.4 1.2 1.5 2.0 2.3 2.6 2.6 2.1 1.6 1. 6 3.0 5.1 4 — 78 1.4 1.3 1.5 2.0 2.2 2.5 2.5 2.1 1.7 1. 7 2.6 3.5 1.9 1.2 1.6 1.8 2.0 1.9 1.5 1.1 0.9 1.5 1.7 0.0 2-78 1-79 “w o 1.2 1.0 274.7 276.0 274.7 -1.9 272.4 2-79 0.9 0.7 0.9 1.2 1.3 1.5 1.3 0.9 0.4 0.2 0.5 ”0 . 4 -l.l -2.6 -3.3 3-79 0.9 0.7 0.9 1.2 1.3 1.4 1.3 0.9 0.5 0.3 0.6 0.5 -0.6 -1.4 -1.2 1.0 4-79 1.2 1.1 1.2 1.5 1.7 1.8 1.7 1.4 1.1 1.0 1.3 1.4 0.7 0.4 1.2 3.5 6.0 1.9 1.7 1.4 1.4 1.7 1.8 1.3 1.2 1.9 3.7 5.1 4.3 178" 176 1.4 1 .3 1.6 1.7 1.2 1.1 1.7 3.Ò 3.7 2.5 2-77 3-77 4-77 1=2» 2-78 3-78 4-78 1-79 2-79 3-79 4-79 1-80 1.3 1.2 1.4 1.7 1.6 2.0 2 —80 1.3 1.2 1.4 1.6 1.8 1.9 3-75 4-75 1-76 2-76 3-76 4-76 1-77 273.1 277.1 280.0 ~ 0.9 280.6P I N I T I A L QUARTER P- P R E L IM IN A R Y PREPA RED BY FEO ERA L R E S E R V E JU L Y 18» 1980 17 BANK OF S T . L O U IS D IS P O SA BLE P E R S ONAL INCOME IN CURRENT DOLLARS COMPOUNDED ANNUAL R A T ES OP CHANGE _____________ ________________________________ B I L L I O N S OP T ER M IN A L I N I T I A L QUARTER DOLLARS QUARTER___________________________________________ _____________________________________________________________________________________________________________________ ANNUAL R A T ES 1-78 2-78 3-78 4-78 1-79 2-79 3-79 2-77 3-77 4-77 3-76 4-76 1-77 4-79 2-76 3-75 1-76 1-80 4-75 9.6 1»125.8 1-76 9.7 9.7 2-76 8*6 8.0 6.4 3-76 8.4 8.0 7.2 8.1 4-76 8.8 8.6 8.2 9.2 1*152.2 T 10.3 1»222.6 1-77 8*9 8.7 8.5 9.2 9.8 9.3 2-77 9.3 9.3 9.2 9.9 10.5 10.6 12.0 3-77 9.7 9.7 9.7 10.3 10.9 11.1 12.0 12.1 4-77 9.9 10.0 10.0 10.6 11.1 11.3 12.0 12.0 12.0 1»250.1 1»286.0 I »323.2 1»361.2 1-78 10.0 10.0 10.0 10.6 11.0 11.1 11.6 11.5 11.1 10.3 2-78 10.2 10.3 10.3 10.8 11.2 11.4 11.8 11.8 11.7 11.5 12.7 3-78 10.3 10.4 10.4 10.9 11.2 11.4 11.7 11.7 11.6 11.5 12.0 4-78 10.6 10.6 10.7 11.2 11.5 11.7 12.0 12.0 12.0 12.0 12.6 12.5 13.7 1-79 10.7 10.8 10.9 11.3 11.7 11.8 12.1 12.2 12.2 12.2 12.7 12.7 13.4 13.0 2-79 10.5 10.6 10.7 11.0 11.3 11.4 11.6 11.6 11.5 11.5 11.7 11.4 11.5 10.3 7.7 3-79 10.5 10.6 10.6 10.9 11.2 11.3 11.5 11.4 11.3 11.2 11.4 11.1 11.1 10.2 8.8 9.9 4-79 10.5 10.6 10.6 10.9 11.2 11.2 11.4 11.4 11.3 11.2 11.3 11.1 11.0 10.4 9.5 10.4 10.9 1-80 10.7 10.7 10.8 11*1 11.3 11.4 11.6 11*6 11.5 11*5 11.6 11.4 11.5 11.0 10.5 11.5 12.2 13.5 2-80 10.3 10.4 10.4 10.6 10.8 10.9 11.0 10.9 10.8 10.7 10.7 10.5 1 0 .3 9.8 9.1 9.5 9.4 8.6 1-7* 2- T 6 4 - 7 6 _L-_I7 2-77 ?~T7 *-77 JLrl* 2-7B * “7 9 1-79 ¿-79 _______________________________________________________________ P- »170^2~ 1»193.1 1»395.0 1,437.3 11.4 1»476.5 1»524.8 I »572.2" 1»601.7 1»640.0 JbZ*.. 1»683.1 I »737.4 3.9 1 »754.0P 4-79 INITIAL QUARTER PRELIMINARY ______ ___ DISPOSABLE PERSONAL INCOME IN 1972 DOLLARS COMPOUNDED ANNUAL RATES OP CHANGE ___________________ _______ ____ _______________________________________ ______ B I LLIONS OP TERMINAL INITIAL QUARTER DOLLARS S M A R T E R _____________________________________________ ___________________________________________________________________________________________________________________A N N U A L R A T E S 3-75 4-75 1-76 2-76 4-76 1-77 2-77 3-76 4-77 3-77 1-70 2-70 3-70 4-70 1-79 2-79 3-79 4-79 1-80 4 — 75 4.0 1-76 4.7 5.3 2-76 3.8 3.7 2.1 3-76 3.5 3.3 2.3 2.6 4-76 3.7 3.6 3.1 3.5 1-77 3.4 3.3 2.8 3.1 3.3 2.1 2-77 3.8 3.8 3.5 3.8 4.2 4.1 6.1 3-77 4.2 4.2 4.0 4.4 4.8 4.9 6.3 6.6 4-77 4.4 4.5 4.4 4.8 5.2 5.4 6.5 6.7 1-78 4.2 4.2 4.1 4.4 4.7 4.7 5.4 5.1 4.4 2.0 2-78 4.2 4.2 4.1 4.3 4.6 4.6 5.1 4.0 4.3 3.0 4.0 4.1 ~ 871.7 " --- - ---- 883.1 887.7 093.4 4.5 903.3 908.0 921.5 936.3 6.0 951.0 956.6 966.1 3-78 4.2 4.2 4.1 4.3 4.5 4.5 4.9 4.7 4.3 3.4 4-78 4.4 4.4 4.3 4.5 4.7 4.0 5.2 5.0 4.7 4.2 4.9 5.3 6.4 1-79 4.2 4.2 4.1 4.3 4.5 4.5 4.8 4.6 4.2 3.7 4.2 4.2 4.2 2.1 2-79 3.8 3.8 3.7 3.8 3.9 3.9 4.1 3.0 3.4 2.9 3.0 2.0 2.3 0.3 -1.4 3.7 3.4 3.0 2.5 2.5 2.3 1.0 0.3 -0.6 0.2 4.2 976.2 991.5 996.6 993.0 3-79 3.6 3.5 3.4 3.5 3.6 3.5 4-79 3.4 3.4 3.3 3.3 3.4 3.3 3.4 3.2 2.0 2.3 2.3 2*1 1.6 0.5 -0.1 0.6 1.1 1-80 3.3 3.2 3.1 3.2 3.2 3.1 3*2 3.0 2.6 2.2 2.2 1.9 1.5 0.6 0.2 0.7 1.0 0.9 2-80 2.8 2.7 2.6 2.6 2.6 2*5 2.2 1.0 1.3 1.3 0.9 0.5 -0.5 -1.0 -0.9 -1.2 -2.4 -5.6 3-75 4-75 1-76 2-76 3-76 1-77 2-77 3-77 4-77 1-70 2-70 3-70 4-70 1-79 2-79 3-79 4-79 1-80 4-76 993.4 996.2 998.5 984.2P INITIAL QUARTER P- PRELIMINARY PREPA RED B Y PEO ER A L R E S E R V E BANK OP S T t JU L Y 10» 1900 18 LPU CORPORATE P R O F I T S A FTER TAXES ♦ COMPOUNDED ANNUAL R ATES OF CHANGE B I L L I O N S OF TERMINAL INITIAL QUARTER DOLLARS Q U A R T E R _____________________________________________________________________________________ __________________________________________________ ___________________________A N N U A L R A T E S 2-75 3-75 4-75 1-76 2-76 3-76 4-76 1-77 2-77 3-77 4-77 1-78 2-70 3-78 4-78 1-7V 2-7V 3-79 4-7V 3— 7511376 "7^-75 78.1 5 4 . 5 ll78~ 1-76 57.9 80.3 35.864.9 _ 91.0 2-76 41.8 23.7 30.12.7 3-76 33.7 19.0 21.5 472 91.6 4-76 27.7 15.2 16.1 172 5 . 8 ~~ 92.9 3U5175 " 93.2 1-77 27.8 17.3 10.4 9^0 ¡172 14.0 28.3 2-77 26.7 17.6 18.6 11.0 13.2 15.8 23.8 19.4 99.2 3-77 25^2 17.2 18.0 11.5 13.4 15.4 20.5 16.8 14.2 4-77 22.8 15.4 15.9 10.2 11.5 12.7 15.8 11.9 8.1 103.7 107*2 I76~ 107.9 1-78 20.0 13.3 13.5 8^3 97l 9^7 11.4 7^6 379 -0.9 -4.4 2-78 23.7 17.7 18.4 14.1 15.6 17.1 19.9 18.3 18.0 19.3 28.7 73.2 3-78 22.4 16.8 17.3 13.4 14.7 15.8 18.0 16.4 15.8 16.2 21.2 36.4 4-78 22.7 17.6 18.1 14.6 15.8 17.0 19.1 17.9 17.6 18.3 22.6 33.2 16.8 27.1 1-79 23.4 1 8.6 19.2 16.0 17.3 18.5 20.6 19.6 19.7 20.6 24.6 33.1 21.9 29.9 32.7 2-79 21.2 16.7 17.0 14.0 15.0 15.9 17.4 16.3 15.9 16.1 18.6 23.8 137© 16.0 10^9 -7.4 3-79 21*6 17.4 17.0 15.0 16.0 16*9 18.4 17.4 17.2 17.6 19.9 24.5 16*6 19.0 1674 9^1 20*5 4-79 20.0 16.0 16.3 13.6 14.4 15*1 16.4 15.3 14.9 15*0 16.7 20.0 12.9 14.1 11.0 4^6 11.2 -3.7 1-80 20.7 17.0 17.3 14.8 15*6 16.4 17.6 16*8 16*5 16.0 10.5 21.7 15.7 17.2 15*3 ¡173 10.3 13.5 33*8~ 2-77 3-77 4-77 1-70 2-78 3-78 4-78 1-79 2-79 3-79 4-79 2-80 ___________ 2 - 7 5 3-75 4-75 1-76 2-76 3-76 , ■ 1-77 4-76 106.7 122.4 7.4 124.6 ____________________________________________________________________________________I N I T I A L Q U A R T E R ___________________ * NATIONAL INCOME BASIS N .A .- 132.3 142.0 ____ 139 .T SO U R C ES N A T IO N A L S o u r c e : U . S . D e p a rtm e n t A n a ly s is , 1 9 2 9 - 7 2 : T h e IN C O M E o f C o m m e rc e , In c o m e S t a t e s , D .C . a n d by f e d eral RESERVE 1900 D ATA PRO D UC T W a s h in g to n , N a t io n a l U n ite d AND O F ACC O UN TS B u re a u E c o n o m ic 2 02 30 P r o d u c t 1 9 2 9 - 7 4 , D A TA o f A A c c o u n ts S u r v e y o f o f t h e C u r r e n t B u s in e s s S u p p le m e n t. 197 3 S u r v e y o f C u r r e n t B u s in e s s , J u l y 1 9 7 6 . 197 4 S u r v e y o f C u r r e n t B u s in e s s , J u l y 1 9 7 7 . 1975 S u r v e y o f C u r r e n t B u s in e s s , J u l y 1 9 7 8 . 1 9 7 6 - 7 8 S u r v e y o f C u r r e n t B u s in e s s , J u l y 1 9 7 9 . 1 9 4 7 - 7 9 S u r v e y o f C u r r e n t B u s in e s s , Ja n u a r y t a b le s o f s e le c t e d T h e o f th e S u r v e y D e p a rtm e n t D o c u m e n ts , U . S . o f i s G o v e rn m e n t o r fro m fro m P r in t in g 2 0 4 0 2 . (s u m m a ry s e r ie s ) a v a ila b le C o m m e rce 1 9 8 0 19 m o s t th e d i s t r i c t o f f i c e s S u p e r in t e n d e n t O f f i c e , 146.9 T w T d ^ N-A * _____________ NOT A V A IL A B L E ________________________________________________________________________________________________________________________P R E P A R E O J U L Y 18, 140.3 W a s h in g to n , o f D . C . bank of ST* LOUIS INVENTORIES COMPARED W I T H MONTHLY SALES* MANUFACTURING AND TRADE 72 .6 8 68 .64 64 .60 60 .56 56 .52 52 .48 48 44 40 . 40 36 . 36 1971 «RATIOS BASED ON S E A S O N A L L Y SHADED AREAS REPRESENT LATEST DATA PLOTTED: ADJUSTED PERIODS MA Y OF 1972 1973 1974 1975 DATA. BUSINESS 1976 SOURCE: 1977 1978 U . S . DEPARTMENT 1979 OF I C O MME R C E RECESSIONS. PRELIMINARY PREPARED 20 BY FEDERAL RESERVE BANK OF ST LOUIS
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